Document:

NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND
THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

 

GROUP
10 HOLDINGS, LLC

CONVERTIBLE
DEBENTURE

 

	Issuance
    Date: November 7, 2016 	Principal
    Amount: $45,000 

 

FOR
VALUE RECEIVED, Tauriga Sciences, Inc., a Florida corporation (“Borrower”), hereby promises to pay to Group
10 Holdings LLC (“Holder”) or its registered assigns or successors in interest, the sum of Forty Five Thousand
Dollars $45,000 (the “Principal Amount”), together with all accrued interest thereon, on the one (1) year anniversary
from the Issuance Date (the “Maturity Date”), if not sooner paid. 

 

The
following terms and conditions shall apply to this Convertible Debenture (the “Debenture”): 

 

ARTICLE
I

DEFINITIONS

 

1.1
Definitions. For the purposes hereof, in addition to the terms defined elsewhere in this Debenture, the following terms
shall have the following meanings:

 

“Bankruptcy
Event’’ means any of the following events: (a) Borrower or any subsidiary (as such term is defined in Rule l-02(w)
of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment
of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to Borrower or
any subsidiary thereof; (b) there is commenced against Borrower or any subsidiary thereof any such case or proceeding that is
not dismissed within sixty (60) days after commencement; (c) Borrower or any subsidiary thereof is adjudicated insolvent or bankrupt
or any order of relief or other order approving any such case or proceeding is entered; (d) Borrower or any subsidiary thereof
suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or
stayed within sixty (60) calendar days after such appointment; (e) Borrower or any subsidiary thereof makes a general assignment
for the benefit of creditors; (f) Borrower or any subsidiary thereof calls a meeting of its creditors with a view to arrange a
composition, adjustment or restructuring of its debts; or (g) Borrower or any subsidiary thereof, by any act or failure to act,
expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action
for the purpose of effecting any of the foregoing.

 

     

	

    	 

    

 

“Business
Day” means any day except any Saturday, any Sunday, any day which shall be a federal legal holiday in the United States
or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close.

 

“Change
of Control Transaction” means the occurrence after the date hereof of any of (i) an acquisition after the date hereof
by an individual or legal entity or “group” (as described in Rule 13d- 5(b)(l) promulgated under the Exchange Act)
of effective control (whether through legal or beneficial ownership of capital stock of Borrower, by contract or otherwise) of
in excess of 50% of the voting securities of Borrower (other than by means of conversion or exercise of this Debenture and the
securities issued together with this Debenture) or (ii) Borrower merges into or consolidates with any other Person, or any Person
merges into or consolidates with Borrower and, after giving effect to such transaction, the stockholders of Borrower immediately
prior to such transaction own less than 50% of the aggregate voting power of Borrower or the successor entity of such transaction,
or (iii) Borrower sells or transfers all or substantially all of its assets to another Person and the stockholders of Borrower
immediately prior to such transaction own less than 50% of the aggregate voting power of the acquiring entity immediately after
the transaction, or (iv) a replacement at one time or within a three (3) year period of more than one- half of the members of
Borrower’s board of directors which is not approved by a majority of those individuals who are members of the board of directors
on the date hereof (or by those individuals who are serving as members of the board of directors on any date whose nomination
to the board of directors was approved by a majority of the members of the board of directors who are members on the date hereof),
or (v) the execution by Borrower of an agreement to which Borrower is a party or by which it is bound, providing for any of the
events set forth in clauses (i) through (iv) above.

 

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

 

“Issuance
Date” means the date of the issuance of this Debenture, regardless of any transfers of any Debenture and regardless
of the number of instruments which may be issued to evidence this Debenture.

 

“Lowest
Closing Price” means, for any date, the price determined by the first of the following clauses that applies: (a) the
lowest closing bid price of Borrower’s Common Stock during the thirty five (35) Trading Days prior to such date or (b) if
the Common Stock is not then quoted on a Trading Market, the fair market value of a share of Common Stock as determined by an
independent appraiser selected in good faith by Holder and reasonably acceptable to Borrower.

 

“Most
Recent Balance Sheet” means a true and complete copy of the balance sheet of Borrower as of March 31, 2016 prepared
in accordance with GAAP and disclosed in Borrower’s Form 10-Q for the fiscal quarter ended on such date.

 

“Permitted
Indebtedness” means (a) the indebtedness evidenced by this Debenture, (b) lease obligations and purchase money indebtedness
of up to one hundred thousand dollars, in the aggregate, incurred in connection with the acquisition of capital assets and lease
obligations with respect to newly acquired or leased assets, (c) indebtedness that (i) is expressly subordinate to this Debenture
pursuant to a written subordination agreement with Holder that is acceptable to Holder in its sole and absolute discretion and
(ii) matures at a date sixty (60) days later than the Maturity Date, (d) trade payables and other accounts payable of Borrower
incurred in the ordinary course of business in accordance with GAAP and not evidenced by a promissory note or other security,
and (e) indebtedness existing on the date hereof and set forth on the Most Recent Balance Sheet, provided that (x) the terms of
such indebtedness are not changed from the terms in effect as of the Most Recent Balance Sheet date, and (y) any such indebtedness
which is for borrowed money is not due and payable until after August 3, 2017.

 

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“Permitted
Lien” means the individual and collective reference to the following: (a) liens for taxes, assessments and other governmental
charges or levies not yet due or liens for taxes, assessments and other governmental charges or levies being contested in good
faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of Borrower) have
been established in accordance with GAAP; and (b) liens imposed by law which were incurred in the ordinary course of Borrower’s
business, such as carriers’, warehousemen’s and mechanics’ liens, statutory landlords’ liens, and other
similar liens arising in the ordinary course of Borrower’s business, and which (x) do not individually or in the aggregate
materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business
of Borrower and its consolidated subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings
have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such lien.

 

“Person”
means a natural person, sole proprietorship, corporation, limited liability company, firm, partnership, association, joint venture,
trust, unincorporated organization, or other entity, whether acting in an individual, fiduciary, or other capacity.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Trading
Day” means a day on which the principal Trading Market is open for business.

 

“Trading
Market” means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the American Stock Exchange, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,
the New York Stock Exchange, the OTC Bulletin Board, or the OTC Markets QX Market, QB Market of Pink Market.

 

ARTICLE
II

INTEREST
& AMORTIZATION

 

2.1
Contract Rate. Subject to Sections 7.1 and 8.8 hereof, interest payable on this Debenture shall accrue at a rate per annum
equal to twelve percent (12%) and shall be computed on the basis of a 365-day year.

 

2.2
Consideration. In consideration for the Debenture, Holder shall pay to Borrower a purchase price equal to Thirty Eight
Thousand Dollars ($38,000) payable by wire transfer or other immediately available funds. Thus, as of the Issuance Date, there
shall exist a Seven Thousand Dollar ($7,000) Original Issue Discount (the “OID”) from the Principal Amount.
Interest shall accrue and be payable on the full Principal Amount of the Debenture, inclusive of the OID, and payment of the full
Principal Amount shall be required regardless of time and manner of payment or prepayment by Borrower. Upon conversion, Holder
shall receive credit for the full Principal Amount converted. 

 

2.3
Payments. Payment of the aggregate Principal Amount, together with all accrued interest thereon shall be made on the Maturity
Date.

 

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2.4
Prepayment Option. Subject to the approval of Holder for prepayments after one hundred eighty (180) days, Borrower may
prepay in cash all or any portion of the Principal Amount of this Debenture and accrued interest thereon, with a premium, as set
forth below (each a “Prepayment Premium”), upon ten (10) Business Days prior written notice to Holder. Holder
shall have the right to convert all or any portion of the Principal Amount and accrued interest thereon in accordance with Article
III hereof during such ten (10) Business Day notice period. The amount of each Prepayment Premium shall be as follows: (a) one
hundred forty-five percent (145%) of the prepayment amount if such prepayment is made at any time from the Issuance Date until
the Maturity Date. 

 

2.5
Commitment Fee. As consideration for Holder’s commitment to purchase this Debenture, Borrower shall issue to Holder
within fifteen (15) Business Days of the Issuance Date eight million (8,000,000) shares of Borrower’s common stock, par
value .00001 per share (“Common Stock”), as a commitment fee (the “Commitment Fee Shares”).
The Commitment Fee Shares have been earned in full upon Holder’s purchase of this Debenture; none of the Commitment Fee
Shares will be returned in the event that this Debenture is prepaid. Failure to issue and deliver the Commitment Fee Shares to
Holder within fifteen (15) Business Days shall constitute an Event of Default under this Debenture. 

 

ARTICLE
III

CONVERSION
REPAYMENT

 

3.1.
Optional Conversion. Subject to the terms of this Article III, Holder shall have the right, but not the obligation, at
any time after the Issuance Date and until the Maturity Date, or thereafter during an Event of Default, to convert all or any
portion of the outstanding Principal Amount, accrued interest and fees due and payable thereon into fully paid and non-assessable
shares of Common Stock of Borrower at the Conversion Price, as defined below (the “Conversion Shares”). 

 

3.2.
Calculation of Conversion Price. Subject to Section 3.2.1 and 4.6 hereof, the conversion price (the “Conversion
Price”) shall mean the lesser of (a) sixty percent (60%) multiplied by the Lowest Closing Price as of the date
a Notice of Conversion is given (which represents a discount rate of forty percent (40%)) or (b) three-tenths of a penny ($0.003)

 

3.2.1
Conversion Price Adjustments. Conversion Price shall be subject to the following adjustments:

 

i.
If the market capitalization of the Borrower is less than Two Million Dollars ($2,000,000) on the day immediately prior to the
date of the Notice of Conversion, then the Conversion Price shall be twenty-five percent (25%) multiplied by the Lowest Closing
Price as of the date a Notice of Conversion is given (which represents a discount rate of seventy-five percent (75%)); and

 

ii.
If the closing price of the Borrower’s Common Stock on the day immediately prior to the date of the Notice of Conversion
is less than two-tenths of a penny ($0.002) then the Conversion Price shall be twenty-five percent (25%) multiplied by the Lowest
Closing Price as of the date a Notice of Conversion is given (which represents a discount rate of seventy-five percent (75%)).

 

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3.3. Conversion
Limitation. Notwithstanding anything contained herein to the contrary, the number of Conversion Shares that may be
acquired by Holder upon conversion of this Debenture (or otherwise in respect hereof) shall be limited to the extent
necessary to ensure that, following such conversion (or other issuance), the total number of shares of Common Stock then
beneficially owned by Holder and its affiliates and any other Persons whose beneficial ownership of Common Stock would be
aggregated with that of Holder for purposes of Section 13(d) of the Exchange Act does not exceed 4.99% of the total number of
issued and outstanding shares of Common Stock, including, for such purpose, the shares of Common Stock issuable upon such
conversion, but excluding the number of shares of Common Stock issuable upon (a) conversion of the remaining,
unconverted Principal Amount of this Debenture beneficially owned by Holder or any of its affiliates and (b) exercise or
conversion of the unexercised or unconverted portion of any other securities of Borrower subject to a limitation on
conversion or exercise analogous to the limitation contained herein (including, without limitation, any other debenture or
warrant) beneficially owned by Holder or any of its affiliates. For such purposes, beneficial ownership shall be determined
in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.

 

3.4.
Mechanics of Holder’s Conversion. Subject to Section 3.3 hereof, this Debenture may be converted by Holder, in whole
or in part from time to time after the Issuance Date, by submitting to Borrower and/or the transfer agent of record a notice of
conversion (“Notice of Conversion”), the form of which is attached hereto as Exhibit A. Such Notice
of Conversion shall specify the Principal Amount of the Debenture to be converted and the date on which such conversion shall
be effected (the “Conversion Date”). Pursuant to the terms of the Notice of Conversion, Borrower shall issue
instructions to the transfer agent within two (2) Trading Days from the receipt of the Notice of Conversion and shall cause the
transfer agent to transmit the certificates representing the Conversion Shares to Holder by physical delivery or crediting the
account of Holder’s designated broker with the Depository Trust Corporation (“DTC”) through its Deposit
Withdrawal Agent Commission (“DWAC”) system within two (2) Trading Days after receipt by Borrower of the Notice
of Conversion (the “Delivery Date”). In the case of the exercise of the conversion rights set forth herein,
the conversion privilege shall be deemed to have been exercised, and the Conversion Shares issuable upon such conversion shall
be deemed to have been issued, upon the Delivery Date and Holder shall be treated for all purposes as the record holder of such
Common Stock, unless Holder provides Borrower with written instructions to the contrary. Conversions hereunder shall have the
effect of lowering the outstanding Principal Amount of this Debenture in an amount equal to the applicable conversion. Holder
and Borrower shall maintain records showing the Principal Amount(s) converted and the Conversion Date(s). In the event of any
dispute or discrepancy, the records of Holder shall be controlling and determinative in the absence of manifest error. 

 

3.5.
Conversion Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Debenture shall be
determined by dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable
Conversion Price.

 

3.6
Fractional Shares. No fractional shares shall be issued upon the conversion of this Debenture. As to any fraction of a
share which Holder would otherwise be entitled to upon such conversion, Borrower shall round up to the next whole share.

 

3.7
Late Delivery of Conversion Shares. Borrower understands that a delay in the delivery of Conversion Shares in the form
required pursuant to this Article III beyond the Delivery Date could result in economic loss to Holder. As compensation to Holder
for such loss, Borrower agrees to pay late fees to Holder for late issuance of such shares in the form required pursuant to this
Article III upon conversion of the Debenture, in the amount equal to one thousand dollars ($1,000) per Business Day after the
Delivery Date. Borrower shall pay any fees incurred under this Section in immediately available funds upon demand and such fees
shall also be eligible to be converted into Common Stock pursuant to this Article III.

 

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3.8
Authorized and Reserved Shares. Borrower represents and warrants and covenants and agrees that upon issuance, the Conversion
Shares will be duly and validly issued, fully issued and non- assessable. Borrower agrees that its issuance of this Debenture
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 Conversion Shares in accordance with the terms and conditions of this Debenture. At all
times during which this Debenture is outstanding, Borrower shall reserve and keep available from its authorized and unissued shares
of Common Stock (the “Share Reserve”) for the sole purpose of issuance upon conversion of this Debenture and
payment of interest on this Debenture, each as herein provided, free from preemptive rights or any other actual or contingent
purchase rights of Persons other than Holder, not less than five times the aggregate number of shares of the Common Stock that
shall be issuable (taking account the adjustments of Article IV) upon the conversion of the outstanding Principal Amount of this
Debenture and payment of interest hereunder. Initially, the Share Reserve shall be equal to one hundred fifty million (150,000,000)
shares. The Holder may request bi-monthly increases to reserve such amounts based on a conversion price equal to the Lowest Closing
Price, as defined in the Debenture, as of such date, by written instructions from the Holder to the Transfer Agent to comply with
the required reserve. Borrower agrees that it will take all such reasonable actions as may be necessary to assure that the Conversion
Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the applicable
Trading Market upon which the Common Stock may be listed. Borrower agrees to provide Holder with confirmation evidencing the execution
of such share reservation within fifteen (15) Business Days from the Issuance Date. 

 

3.9
Issuance of New Debenture. Upon any partial conversion of this Debenture, a new Debenture containing the same date and
provisions of this Debenture shall, at the request of Holder, be issued by Borrower to Holder for the principal balance of this
Debenture and accrued interest which shall not have been converted or paid. Subject to the provisions of Article VI, Borrower
will pay no costs, fees or any other consideration to Holder for the production and issuance of a new Debenture.

 

3.10
Par Value; Further Assurances.

 

(a)
Borrower covenants that during the period that the Principal Amount of this Debenture and any accrued interest and fees thereon
remain outstanding, it will ensure that the par value of any Conversion Shares shall not exceed the amount payable therefor upon
such exercise immediately prior to such exercise. Borrower further covenants that it shall take all appropriate actions, including,
without limitation, amending its articles or certificate of incorporation and any other voluntary action, such as calling a meeting
of stockholders to approve any such amendment, to ensure that the amount payable for any Conversion Shares shall at all times
exceed the par value thereof by at least four hundred percent (400%).

 

(b)
Except and to the extent as waived or consented to by Holder, Borrower shall not by any action, including, without limitation,
amending its articles or certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms of this Debenture, but will at all times in good faith assist in the carrying out of all such terms and in the
taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Debenture against
impairment. Without limiting the generality of the foregoing, Borrower will (a) not increase the par value of any Conversion Shares
above the amount payable therefor upon such exercise immediately prior to such exercise, (b) take all such action as may be necessary
or appropriate in order that Borrower may validly and legally issue fully paid and nonassessable Conversion Shares upon the exercise
of this Debenture and (c) use its commercially best efforts to obtain all such authorizations, exemptions or consents from any
public regulatory body having jurisdiction thereof as may be necessary to enable Borrower to perform its obligations under this
Debenture.

 

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3.11
Transfer Taxes. The issuance of certificates for Conversion Shares shall be made without charge to Holder for any documentary
stamp or similar taxes that may be payable in respect of the issue or delivery of such certificates, provided that Borrower shall
not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such
certificate upon conversion in a name other than that of Holder and Borrower shall not be required to issue or deliver such certificates
unless or until the Person or Persons requesting the issuance thereof shall have paid to Borrower the amount of such tax or shall
have established to the satisfaction of Borrower that such tax has been paid.

 

3.12
Rule 144 Issuer’s Representation Letter. In the event that Holder’s brokers dealer requires a Rule 144 Issuer’s
Representation Letter (the “144 Letter”), Holder will submit to Borrower the 144 Letter along with a corresponding
Notice of Conversion upon which Borrower will have forty-eight (48) hours to execute and return the 144 Letter. 

 

ARTICLE
IV

CERTAIN
ADJUSTMENTS

 

4.1
Stock Dividends and Stock Splits. If Borrower, at any time while this Debenture is outstanding: (a) pays a stock dividend
or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any Common Stock
equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by Borrower upon conversion of,
or payment of interest on, this Debenture); (b) subdivides outstanding shares of Common Stock into a larger number of shares;
or (c) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of Borrower, then
the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding
any treasury shares of Borrower) outstanding immediately before such event and of which the denominator shall be the number of
shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective
immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and
shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

4.2
Subsequent Rights Offerings. If Borrower, at any time within six (6) months of the Issuance Date, shall issue rights, options
or warrants to all holders of Common Stock (and not to Holder) entitling them to subscribe for or purchase shares of Common Stock
at a price per share that is lower than the Lowest Closing Price on the record date referenced below, then the Conversion Price
shall be multiplied by a fraction of which the denominator shall be the number of shares of the Common Stock outstanding on the
date of issuance of such rights or warrants plus the number of additional shares of Common Stock offered for subscription or purchase,
and of which the numerator shall be the number of shares of the Common Stock outstanding on the date of issuance of such rights
or warrants plus the number of shares which the aggregate offering price of the total number of shares issued (assuming delivery
to Borrower in full of all consideration payable upon exercise of such rights, options or warrants) would purchase at such Lowest
Closing Price. Such adjustment shall be made whenever such rights or warrants are issued, other than to officers and directors
under equity incentive plans approved by the board of directors, and shall become effective immediately after the record date
for the determination of stockholders entitled to receive such rights, options or warrants.

 

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4.3
Pro Rata Distributions. If Borrower, at any time while this Debenture is outstanding, distributes to all holders of Common
Stock (and not to Holder) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants to
subscribe for or purchase any security (other than the Common Stock, which shall be subject to Section 4.1), then in each such
case the Conversion Price shall be adjusted by multiplying such Conversion Price in effect immediately prior to the record date
fixed for determination of stockholders entitled to receive such distribution by a fraction of which the denominator shall be
the Lowest Closing Price determined as of the record date mentioned above, and of which the numerator shall be such Lowest Closing
Price on such record date less the then fair market value at such record date of the portion of such assets or evidence of indebtedness
so distributed applicable to one (1) outstanding share of the Common Stock as determined by the board of directors of Borrower
in good faith. In either case the adjustments shall be described in a statement delivered to Holder describing the portion of
assets or evidences of indebtedness so distributed or such subscription rights applicable to one (1) share of Common Stock. Such
adjustment shall be made whenever any such distribution is made and shall become effective immediately after the record date mentioned
above.

 

4.4
Fundamental Transaction. If, at any time while this Debenture is outstanding, (a) Borrower effects any merger or consolidation
of Borrower with or into another Person, (b) Borrower effects any sale of all or substantially all of its assets in one transaction
or a series of related transactions, (c) any tender offer or exchange offer (whether by Borrower or another Person) is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property,
or (d) Borrower effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common
Stock is effectively converted into or exchanged for other securities, cash or property (in any such case, a “Fundamental
Transaction”), then, upon any subsequent conversion of this Debenture, Holder shall have the right to receive, for each
Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction,
the same kind and amount of securities, cash or property as it would have been entitled to receive upon the occurrence of such
Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, holder of one (1) share of Common Stock
(the “Alternate Consideration”). For purposes of any such conversion, the determination of the Conversion Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one (1) share of Common Stock in such Fundamental Transaction, and Borrower shall apportion the Conversion Price
among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then Holder shall be given the same choice as to the Alternate Consideration it receives upon any conversion of this
Debenture following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor
to Borrower or surviving entity in such Fundamental Transaction shall issue to Holder a new Debenture consistent with the foregoing
provisions and evidencing Holder’s right to convert such Debenture into Alternate Consideration. The terms of any agreement
pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to
comply with the provisions of this Section 4.4 and insuring that this Debenture (or any such replacement security) will be similarly
adjusted upon any subsequent transaction analogous to a Fundamental Transaction. 

 

4.5
Calculations. All calculations under this Article III shall be made to four decimal places or the nearest 1/100th of a
share, as the case may be. For purposes of this Article III, the number of shares of Common Stock deemed to be issued and outstanding
as of a given date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of Borrower) issued
and outstanding.

 

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4.6
Notice to Holder. 

 

a)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Article IV,
Borrower shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth
a brief statement of the facts requiring such adjustment.

 

b)
Notice to Allow Conversion by Holder. If (i) Borrower shall declare a dividend (or any other distribution in whatever form)
on the Common Stock, (ii) Borrower shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock,
(iii) Borrower shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for or purchase
any shares of capital stock of any class or of any rights, (iv) the approval of any stockholders of Borrower shall be required
in connection with any reclassification of the Common Stock, any consolidation or merger to which Borrower is a party, any sale
or transfer of all or substantially all of the assets of Borrower, of any compulsory share exchange whereby the Common Stock is
converted into other securities, cash or property or (v) Borrower shall authorize the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of Borrower, then, in each case, Borrower shall cause to be filed at each office or agency maintained
for the purpose of conversion of this Debenture, and shall cause to be delivered to Holder at its last address as it shall appear
upon Borrower’s books and records, at least 20 calendar days prior to the applicable record or effective date hereinafter
specified, a notice stating (A) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption,
rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled
to such dividend, distributions, redemption, rights or warrants are to be determined or (B) the date on which such reclassification,
consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it
is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities,
cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange, provided
that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the
corporate action required to be specified in such notice. Holder is entitled to convert this Debenture during the 20-day period
commencing on the date of such notice through the effective date of the event triggering such notice.

 

4.7
Most Favored Nations Status. So long as this Debenture is outstanding, upon any issuance by Borrower or any of its subsidiaries
of any security (in an amount under one million dollars ($1,000,000)) with any term more favorable to the holder of such security
or with a term in favor of the holder of such security that was not similarly provided to Holder in this Debenture, then Borrower
shall notify Holder of such additional or more favorable term and such term, at Holder’s option, shall become a part of
the transaction documents with Holder. Such more favorable terms include, but are not limited to, terms addressing conversion
discounts, conversion look-back periods, interest rates, original issue discounts, stock sale price, private placement price per
share and warrant coverage.

 

4.8
Holder’s Adjustments. Upon the occurrence of either of the following events, Holder may provide the transfer agent
with written instructions to increase the Share Reserve in accordance therewith: (a) closing price of Borrower’s Common
Stock is less than $0.002 for three (3) consecutive Trading Days; or (b) Borrower’s issued and outstanding shares of Common
Stock is greater than seventy of their authorized shares. Then the Share Reserve shall increase to the number of shares of Common
Stock equal to the five (5) times the value of the outstanding principal amount plus accrued interest thereon as of such date
divided by the Conversion Price on such date.

 

    	9

    	 

    

 

ARTICLE
V 

NEGATIVE
COVENANTS

 

As
long as any portion of this Debenture remains outstanding, unless Holder shall have otherwise given prior written consent, Borrower
shall not, and shall not permit any of its subsidiaries (whether or not a subsidiary on the Issuance Date) to, directly or indirectly:

 

5.1
other than Permitted Indebtedness, enter into, create, incur, assume, guarantee or suffer to exist any indebtedness for borrowed
money of any kind, including but not limited to, a guarantee, on or with respect to any of its property or assets now owned or
hereafter acquired or any interest therein or any income or profits therefrom;

 

5.2
other than Permitted Liens, enter into, create, incur, assume or suffer to exist any liens or security interests of any kind,
on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits
therefrom;

 

5.3
issue any shares of Common Stock in exchange for satisfaction or accord, in whole or in part, of any outstanding accounts payable
obligations of Borrower, where such shares would be freely tradable (without restrictions, manner of sale obligations or reporting
obligations) by the recipient thereof (or any transferee thereof) prior to the date which is six (6) months following the date
of issuance thereof, whether pursuant to Section 3(a)(10) of the Securities Act or otherwise;

 

5.4
amend its charter documents, including, without limitation, its articles or certificate of incorporation and bylaws, in any manner
that materially and adversely affects any rights of Holder;

 

5.5
repay, repurchase or offer to repay, repurchase or otherwise acquire any indebtedness for borrowed money (except for this Debenture
in accordance with the terms hereof and except for the Permitted Indebtedness described under clauses (a), (b) and (d) of the
definition thereof in accordance with the terms of such indebtedness as in effect on the date hereof), other than regularly scheduled
principal and interest payments as such terms are in effect as of the Issuance Date;

 

5.6 
pay cash dividends or distributions on any equity securities of Borrower;

 

5.7 
combine (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of
shares;

 

5.8
enter into any transaction with any affiliate of Borrower which would be required to be disclosed in any public filing with the
Securities and Exchange Commission (the “SEC”), unless such transaction is made on an arm’s-length basis
and expressly approved by a majority of the disinterested directors of Borrower (even if less than a quorum otherwise required
for board approval); or 

 

5.9
enter into any agreement with respect to any of the foregoing.

 

    	10

    	 

    

 

ARTICLE
VI

EVENTS
OF DEFAULT

 

The
occurrence of any of the following events, while this Debenture is outstanding, shall be an “Event of Default;”
provided that any Event of Default may be cured within one (1) Business Day except as otherwise provided herein: 

 

6.1
Failure to Pay Principal, Interest or Other Fees. Borrower fails to pay the Principal Amount, interest or other fees hereon
as and when the same shall become due and payable and such failure shall continue for a period of one (1) Business Day following
the date upon which any such payment was due.

 

6.2
Breach of Covenant. Borrower breaches any covenant or other term or condition of this Debenture, including, but not limited,
to the negative covenants provided in Article V, in any material respect and such breach, if subject to cure, continues for a
period of one (1) Business Day after the occurrence thereof.

 

6.3
Breach of Representations and Warranties. Any representation or warranty of Borrower made herein or in any other report,
financial statement or certificate made or delivered to Holder shall be false or misleading in any material respect as of the
date when made or deemed made.

 

6.4
SEC Filings. Beginning on January 3, 2017 and continuing thereafter, so long as this Debenture remains outstanding, Borrower
is not current with its reporting responsibilities under Section 13 of the Exchange Act. Furthermore, Borrower fails to timely
file, when due, any SEC report, including any required XBRL file along with such report (e.g., Forms 8-K, 10-Q or 10-K,
or Schedules 14A, 14C or 14(f)), or, if the filing date of such report is properly extended pursuant to SEC Rule 12b-25, when
the date of any such filing extension lapses, or any post-effective amendment to any SEC Registration Statement. 

 

6.5
Stop Trade. An SEC stop trade order or trading suspension of the Common Stock on the applicable Trading Market shall be
in effect for five (5) consecutive Trading Days or five (5) Trading Days during a period of ten (10) consecutive Trading Days,
provided that Borrower shall not have been able to cure such trading suspension within thirty (30) Business Days of the notice
thereof or list the Common Stock on another Trading Market within sixty (60) Business Days of such notice.

 

6.6
SEC Reporting Status Matters.

 

(a)
Borrower indicates by check mark on the cover page of an SEC report filing that it has not (i) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was
required to file such reports), and (ii) has been subject to such filing requirements for the past ninety (90) days.

 

(b)
Borrower indicates by check mark on the cover page of an SEC report filing that it has not submitted electronically and posted
on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T during the preceding twelve (12) months (or for such shorter period that the registrant was required to submit and post such
files).

 

(c)
Borrower indicates by check mark on the cover page of an SEC report filing that it is a shell company (as defined in Rule 12b-2
of the Exchange Act); or

 

(d)
Borrower files a Form 15 with the SEC to deregister its Common Stock. In such an event, Borrower shall file current reports with
attorney opinions on not less than a quarterly basis on www.otcmarkets.com until such time as Borrower re-registers its Common
Stock with the SEC.

 

    	11

    	 

    

 

6.7
Change of Control. Borrower shall be a party to any Change of Control Transaction or Fundamental Transaction or shall agree
to sell or dispose of all or substantially all of its assets in one transaction or a series of related transactions (whether or
not such sale would constitute a Change of Control Transaction).

 

6.8
Receiver or Trustee. Each of Borrower or its subsidiaries, if any, 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; or shall become insolvent or generally fails to pay, or admits in
writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any.

 

6.9
Judgments. Any money judgment, writ or similar final process shall be entered or filed against Borrower or any of its subsidiaries
or any of their respective property or other assets for more than one hundred thousand dollars ($100,000) in the aggregate for
Borrower, and shall remain unvacated, unbonded or unstayed for a period of thirty (30) days.

 

6.10
Bankruptcy. Borrower or any of its subsidiaries shall be subject to a Bankruptcy Event.

 

6.11
DTC Eligibility. Borrower shall lose its status as “DTC Eligible” or Borrower’s stockholders shall lose
the ability to deposit (either electronically or by physical certificates, or otherwise) shares into the DTC System through a
“deposit chill” or otherwise.

 

6.12
Reservation of Shares. Borrower shall fail timely to reserve shares of Common Stock from its authorized and unissued shares
pursuant to Section 3.8.

 

6.13
Commitment Fee Shares and Conversion Shares. Borrower shall fail to issue and deliver to Holder the Commitment Fee Shares
and/or Conversion Shares pursuant to Sections 2.5 and 3.4, or Borrower shall provide at any time notice to Holder, including by
way of public announcement, of Borrower’s intention to not honor requests for conversions of this Debenture in accordance
with the terms hereof.

 

ARTICLE
VII

DEFAULT
RELATED PROVISIONS AND OTHER PRIVILEGES

 

7.1
Default Interest Rate. If any Event of Default occurs, the outstanding Principal Amount of this Debenture, plus accrued
but unpaid interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become,
at Holder’s election, immediately due and payable in cash in the sum of (a) one hundred eighteen percent (118%) of the outstanding
Principal Amount of this Debenture plus one hundred percent (100%) of accrued and unpaid interest thereon and (b) all other amounts,
costs, expenses and liquidated damages due in respect of this Debenture (“Mandatory Default Amount”). After
the occurrence of any Event of Default, the interest rate on this Debenture shall accrue at an interest rate equal to the lesser
of eighteen percent (18%) per annum or the maximum rate permitted under applicable law, effective as of the Issuance Date of this
Debenture. Upon the payment in full of the Mandatory Default Amount, Holder shall promptly surrender this Debenture to or as directed
by Borrower. In connection with such acceleration described herein, Holder need not provide, and Borrower hereby waives, any presentment,
demand, protest or other notice of any kind, and Holder may immediately and without expiration of any grace period enforce any
and all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may
be rescinded and annulled by Holder at any time prior to payment hereunder and Holder shall have all rights as a holder of his
Debenture until such time, if any, as Holder receives full payment pursuant to this Section 7.1. No such rescission or annulment
shall affect any subsequent Event of Default or impair any right consequent thereon. 

 

    	12

    	 

    

 

7.2
Default Penalty Payment. Following the occurrence and during the continuance of an Event of Default, Borrower agrees to
pay to Holder in the amount equal to one thousand dollars ($1,000) per Business Day commencing the Business Day following the
date of the Event of Default. Borrower shall pay any fees incurred under this Section in immediately available funds upon demand
and such fees shall also be eligible to be converted into Conversion Shares as set forth in Article III. Such conversion privileges
shall remain in full force and effect immediately from the date hereof and until this Debenture is paid in full.

 

ARTICLE
VIII

MISCELLANEOUS

 

8.1
Piggyback Registration Rights. Borrower shall include on the next registration statement Borrower files with the SEC (or
on the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion of this
Debenture. Failure to do so will result in liquidated damages of twenty-five percent (25%) of the outstanding Principal Amount
of this Debenture, but not less than twenty-five thousand dollars ($25,000), being immediately due and payable to Holder at its
election in the form of cash payment or addition to the balance of this Debenture. Notwithstanding the foregoing, in the event
a registration statement is filed with respect to an underwritten offering or a selling stockholder registration statement relating
solely to holders of Borrower’s Common Stock who paid cash for such Common Stock in a sale placed by an independent placement
agent, the number of shares of Common Stock owned by Holder to be included in any such registration statement may be limited if
in the opinion of the underwriter or placement agent, the sale of such shares by Holder would adversely impact the sale of shares
by the underwriter or selling stockholders included therein.

 

8.2
Failure or Indulgence Not Waiver. No failure or delay on the part of Holder hereof 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 privilege. All rights and remedies existing
hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

8.3
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 FedEx or other reputable express courier service with
charges prepaid, (iv) transmitted by hand delivery, telegram, e-mail or facsimile, addressed as set forth below or (v) sent via
Email whereby a return Email confirming receipt has been delivered. Any notice or other communication required or permitted to
be given hereunder shall be deemed effective (y) 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 (z) on the next 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:

 

    	13

    	 

    

 

If
to Borrower:

 

Tauriga
Sciences, Inc.

 

Seth
Shaw- CEO

39
Old Ridgebury Road

Danbury,
CT 06180

 

If
to Holder:

 

Group
10 Holdings LLC

Attn:
Adam Wasserman

11
Island Ave. #1108

Miami
Beach, FL 33139

EIN
# 32-0409845

adam@group10llc.com

 

No
change in any of such addresses shall be effective insofar as notices under this Section 8.3 are concerned unless such changed
address is located in the United States of America and notice of such change shall have been given to such other party hereto
as provided in this Section 8.3.

 

8.4
Amendment Provision. Any term of this Debenture may be amended only with the written consent of Holder and Borrower. .The
term “Debenture” and all reference thereto, as used throughout this instrument, shall mean this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented, and any successor instrument
as it may be amended or supplemented. 

 

8.5
Assignability. This Debenture shall be binding upon Borrower and its successors and assigns, and shall inure to the benefit
of Holder and its successors and assigns, and may not be assigned by Borrower without the prior written consent of Holder, which
consent may not be unreasonably withheld.

 

8.6
Prevailing Party and Costs. In the event any attorney is employed by any party with regard to any legal or equitable action,
arbitration or other proceeding brought by such party for the enforcement of this Debenture or because of an alleged dispute,
breach, default or misrepresentation in connection with any of the provisions of this Debenture, the prevailing party in such
proceeding will be entitled to recover from the other party reasonable attorneys’ fees and other costs and expenses incurred,
in addition to any other relief to which the prevailing party may be entitled.

 

8.7
Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Debenture shall be governed by, and construed in accordance
with, the internal laws of the State of New York, without regard to principles of conflicts of law. HOLDER AND BORROWER WAIVE
ANY RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS DEBENTURE OR ANY TRANSACTION CONTEMPLATED
HEREIN, INCLUDING CLAIMS BASED ON CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER COMMON LAW OR STATUTORY BASES. Each party hereby
submits to the exclusive jurisdiction of the state and federal courts located in the County of Miami-Dade, State of Florida. If
the jury waiver set forth in this Section is not enforceable, then any dispute, controversy or claim arising out of or relating
to this Debenture or any of the transactions contemplated herein will be finally settled by binding arbitration in Miami-Dade
County, Florida in accordance with the then current Commercial Arbitration Rules of the American Arbitration Association by one
arbitrator appointed in accordance with said rules. The arbitrator shall apply New York law to the resolution of any dispute,
without reference to rules of conflicts of law or rules of statutory arbitration. Judgment on the award rendered by the arbitrator
may be entered in any court having jurisdiction thereof. Notwithstanding the foregoing, the parties may apply to any court of
competent jurisdiction for preliminary or interim equitable relief, or to compel arbitration in accordance with this paragraph.
The expenses of the arbitration, including the arbitrator’s fees and expert witness fees, incurred by the parties to the
arbitration, may be awarded to the prevailing party, in the discretion of the arbitrator, or may be apportioned between the parties
in any manner deemed appropriate by the arbitrator. Unless and until the arbitrator decides that one party is to pay for all (or
a share) of such expenses, both parties shall share equally in the payment of the arbitrator’s fees as and when billed by
the arbitrator.

 

    	14

    	 

    

 

8.8
Maximum Payments. Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or
other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid
or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited
against amounts owed by Borrower to Holder and thus refunded to Borrower.

 

8.9
Construction. Borrower acknowledges that its legal counsel participated in the preparation of this Debenture and, therefore,
stipulates that the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in
the interpretation of this Debenture to favor any party against the other.

 

8.10
Absolute Obligation. Except as expressly provided herein, no provision of this Debenture shall alter or impair the obligation
of Borrower, which is absolute and unconditional, to pay the Principal Amount of, interest and liquidated damages (if any) on,
this Debenture at the time, place, and rate, and in the coin or currency, herein prescribed. This Debenture is a direct debt obligation
of Borrower.

 

8.11
Lost or Mutilated Debenture. If this Debenture shall be mutilated, lost, stolen or destroyed, Borrower shall execute and
deliver, in exchange and substitution for and upon cancellation of a mutilated Debenture, or in lieu of or in substitution for
a lost, stolen or destroyed Debenture, a new Debenture for the Principal Amount of this Debenture so mutilated, lost, stolen or
destroyed.

 

8.12
Opinion of Counsel. An opinion of the following counsels shall be deemed acceptable to Borrower: Drinker Biddle & Reath
LLP, Fox Rothschild LLP, Greenberg Traurig LLP, Bauman & Associates Law Firm, and Law Office of Clifford J. Hunt.

 

[Signature
page follows.]

 

    	15

    	 

    

 

 

IN
WITNESS WHEREOF, Borrower has caused this Convertible Debenture to be signed in its name effective as of the date first above
indicated. 

 

BORROWER:

 

Tauriga
Sciences, Inc.

 

	By:
    	Seth
    M. Shaw	 
	Title:
    	CEO
    	 

 

HOLDER:

Group
10 Holdings, LLC 

 

	By:	 	 
	Name:
    	Adam
    Wasserman 	 
	Title:
    	Managing
    Member 	 

 

    	16THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”)

 

US
$60,950.00 

 

TAURIGA
SCIENCES, INC.

12% CONVERTIBLE REDEEMABLE NOTE

DUE
FEBRUARY 14, 2017

 

FOR
VALUE RECEIVED, Tauriga Sciences, Inc. (the “Company”) promises to pay to the order of ADAR BAYS, LLC and its authorized
successors and Permitted Assigns, defined below, (“Holder”), the aggregate principal face amount of Sixty Thousand
Nine Hundred Fifty Dollars exactly (U.S. $60,950.00) on February 14, 2017 (“Maturity Date”) and to pay interest
on the principal amount outstanding hereunder at the rate of 12% per annum commencing on December 19, 2016. This Note contains
a 15% OID such that the purchase price is $53,000.00. The interest will be paid to the Holder in whose name this Note is registered
on the records of the Company regarding registration and transfers of this Note. The principal of, and interest on, this Note
are payable at 3411 Indian Creek Drive, Suite 403, Miami Beach, FL 33140, initially, and if changed, last appearing on the records
of the Company as designated in writing by the Holder hereof from time to time. The Company will pay each interest payment and
the outstanding principal due upon this Note before or on the Maturity Date, less any amounts required by law to be deducted or
withheld, to the Holder of this Note by check or wire transfer addressed to such Holder at the last address appearing on the records
of the Company. The forwarding of such check or wire transfer shall constitute a payment of outstanding principal hereunder and
shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented by such check or wire
transfer. Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein. Permitted Assigns means
any Holder assignment, transfer or sale of all or a portion of this Note accompanied by an Opinion of Counsel as provided for
in Section 2(f) of the Securities Purchase Agreement.

 

    	 

    	 

    

 

This
Note is subject to the following additional provisions:

 

1.
This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as
requested by the Holder surrendering the same. No service charge will be made for such registration or transfer or exchange,
except that Holder shall pay any tax or other governmental charges payable in connection therewith. To the extent that Holder
subsequently transfers, assigns, sells or exchanges any of the multiple lesser denomination notes, Holder acknowledges that
it will provide the Company with Opinions of Counsel as provided for in Section 2(f) of the Securities Purchase
Agreement.

 

2.
The Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable
laws.

 

3.
This Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended
(“Act”), applicable state securities laws and Sections 2(f) and 5(f) of the Securities Purchase Agreement.
Any attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior to due presentment for
transfer of this Note, the Company and any agent of the Company may treat the person in whose name this Note is duly
registered on the Company’s records as the owner hereof for all other purposes, whether or not this Note be overdue,
and neither the Company nor any such agent shall be affected or bound by notice to the contrary. Any Holder of this Note
electing to exercise the right of conversion set forth in Section 4(a) hereof, in addition to the requirements set forth in
Section 4(a), and any prequalified prospective transferee of this Note, also is required to give the Company written
confirmation that this Note is being converted (“Notice of Conversion”) in the form annexed hereto as Exhibit
A. The date of receipt (including receipt by telecopy) of such Notice of Conversion shall be the Conversion Date. All
notices of conversion will be accompanied by an Opinion of Counsel.

 

4.
(a) The Holder of this Note is entitled, at its option, at any time commencing 60
days after the date of funding to the Company by the Holder, to convert all or any amount of the principal face amount of
this Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price
(“Conversion Price”) for each share of Common Stock equal to 80% of the lowest trading
price of the Common Stock as reported on the National Quotations Bureau OTC Market exchange which the Company’s
shares are traded or any exchange upon which the Common Stock may be traded in the future (“Exchange”), for the twenty
prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of
Conversion is delivered together with an Opinion of Counsel, by fax or other electronic method of communication to the
Company after 4 P.M. Eastern Standard or Day- light Savings Time if the Holder wishes to include the same day closing price).
If the shares have not been delivered within 3 business days, the Notice of Conversion may be rescinded. Such con- version
shall be effectuated by the Company delivering the shares of Common Stock to the Holder within 3 business days of receipt by
the Company of the Notice of Conversion. Accrued, but unpaid interest shall be subject to conversion. No fractional shares or
scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall be rounded to
the nearest whole share. To the extent the Conversion Price of the Company’s Common Stock closes below the par value
per share, the Company will take all steps necessary to solicit the consent of the stockholders to reduce the par value to
the lowest value possible under law. The Company agrees to honor all conversions submitted pending this increase. In the
event the Company experiences a DTC “Chill” on its shares, the conversion price shall be decreased to 70% instead
of 80% while that “Chill” is in effect. If the Note is still outstanding on the 6 month anniversary, then the
conversion discount shall be increased from 20% to 35% such that the conversion price will be equal to 65% of the lowest
trading price of the Common Stock for the twenty trading days immediately preceding the delivery of a Notice of Conversion.
In no event shall the Holder be allowed to effect a conversion if such conversion, along with all other shares of Company
Common Stock beneficially owned by the Holder and its affiliates would exceed 9.9% of the outstanding shares of the
Common Stock of the Company.

 

    	2

    	 

    

 

(b)
Interest on any unpaid principal balance of this Note shall be paid at the rate of 12% per annum. Interest shall be paid by
the Company in Common Stock (“Interest Shares”). Holder may, at any time commencing six months after the date of
funding to the Company by the Holder, send in a Notice of Conversion to the Company for Interest Shares based on the formula
provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion of the accrued
interest calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)
Intentionally Deleted.

 

(d)
Upon (i) a transfer of all or substantially all of the assets of the Company to any person in a single transaction or series
of related transactions, (ii) a reclassification, capital reorganization (excluding an increase in authorized capital) or
other change or exchange of out-standing shares of the Common Stock, other than a forward or reverse stock split or stock
dividend, or (iii) any consolidation or merger of the Company with or into another person or entity in which the Company is
not the surviving entity (other than a merger which is effected solely to change the jurisdiction of incorporation of the
Company and results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares of
Common Stock) (each of items (i), (ii) and (iii) being referred to as a “Sale Event”), then, in each case, the
Company shall, upon request of the Holder, redeem this Note in cash for 150% of the principal amount, plus ac-crued but
unpaid interest through the date of redemption, or at the election of the Holder, such Holder may convert the unpaid
principal amount of this Note (together with the amount of accrued but unpaid interest) into shares of Common Stock
immediately prior to such Sale Event at the Conversion Price.

 

(e)
In case of any Sale Event (not to include a sale of all or substantially all of the Company’s assets) in connection
with which this Note is not redeemed or converted, the Company shall cause effective provision to be made so that the Holder
of this Note shall have the right thereafter, by converting this Note, to purchase or convert this Note into the kind and
number of shares of stock or other securities or property (including cash) receivable upon such reclassification, capital
reorganization or other change, consolidation or merger by a holder of the number of shares of Common Stock that could have
been purchased upon exercise of the Note and at the same Conversion Price, as defined in this Note, immediately prior to such
Sale Event. The foregoing provisions shall similarly apply to successive Sale Events. If the consideration received by the
holders of Common Stock is other than cash, the value shall be as determined by the Board of Directors of the Company or
successor person or entity acting in good faith.

 

    	3

    	 

    

 

5.
No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6.
The Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest,
notice of dishonor, notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts
called for hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing
hereto.

 

7.
The Company agrees to pay all costs and expenses, including reasonable attorneys’ fees and expenses, which may be
incurred by the Holder in collecting any amount due under this Note.

 

8.
If one or more of the following described “Events of Default” shall occur:

 

(a)
The Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the
Company; or

 

(b)
Any of the representations or warranties made by the Company herein or in any certificate or financial or other written
statements heretofore or hereafter furnished by or on behalf of the Company in connection with the execution and delivery of
this Note, or the Securities Purchase Agreement under which this note was issued shall be false or misleading in any respect;
or

 

(c)
The Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or
obligation of the Company under this Note or any other note issued to the Holder; or

 

(d)
The Company shall (1) become insolvent (which does not include a “going concern opinion); (2) admit in writing its
inability to pay its debts generally as they mature; (3) make an assignment for the benefit of creditors or commence
proceedings for its dissolution; (4) apply for or consent to the appointment of a trustee, liquidator or receiver for its or
for a substantial part of its property or business; (5) file a petition for bankruptcy relief, consent to the filing of such
petition or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as
applicable; or

 

(e)
A trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business
without its consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f)
Any governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume
custody or control of the whole or any substantial portion of the properties or assets of the Company; or

 

    	4

    	 

    

 

(g)
One or more money judgments, writs or warrants of attachment, or similar process, in excess of one hundred thousand dollars
($100,000) in the aggregate, shall be entered or filed against the Company or any of its properties or other assets and shall
remain unpaid, unvacated, unbonded or unstayed for a period of fifteen (15) days or in any event later than five (5) days
prior to the date of any proposed sale thereunder; or

 

(h)
Defaulted on or breached any term of any other note of similar debt instrument into which the Company has entered and failed
to cure such default within the appropriate grace period; or

 

(i)
The Company shall have its Common Stock delisted from an exchange (including the OTC Markets exchange) or, if the Common
Stock trades on an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days or ceases
to file its 1934 act reports with the SEC;

 

(j)
If a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of
the Board;

 

(k)
The Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within
3 business days of its receipt of a Notice of Conversion which includes an Opinion of Counsel expressing an opinion which
supports the removal of a restrictive legend; or

 

(l)
The Company shall not replenish the reserve set forth in Section 12, within 3 business days of the request of the
Holder.

 

(m)
The Company shall be delinquent in its periodic report filings with the Securities and Exchange Commission; or

 

(n)
The Company shall cause to lose the “bid” price for its stock in a market (including the OTC marketplace or other
exchange).

 

Then,
or at any time thereafter, unless cured within 5 days, and in each and every such case, unless such Event of Default shall have
been waived in writing by the Holder (which waiver shall not be deemed to be a waiver of any subsequent default) at the option
of the Holder and in the Holder’s sole discretion, the Holder may consider this Note immediately due and payable, without
present- ment, demand, protest or (further) notice of any kind (other than notice of acceleration), all of which are hereby expressly
waived, anything herein or in any note or other instruments contained to the contrary notwithstanding, and the Holder may immediately,
and without expiration of any period of grace, enforce any and all of the Holder’s rights and remedies provided herein or
any other rights or remedies afforded by law. Upon an Event of Default, interest shall accrue at a default interest rate of 24%
per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law.
In the event of a breach of Section 8(k) the penalty shall be $250 per day the shares are not issued beginning on the 4th day
after the conversion notice was delivered to the Company. This penalty shall increase to $500 per day beginning on the 10th
day. The penalty for a breach of Section 8(n) shall be an increase of the outstanding principal amounts by 20%. In case
of a breach of Section 8(i), the outstanding principal due under this Note shall increase by 50%. If this Note is not paid at
maturity, the outstanding principal due under this Note shall increase by 10%. Further, if a breach of Section 8(m) occurs or
is continuing after the 6 month anniversary of the Note, then the Holder shall be entitled to use the lowest closing bid price
during the delinquency period as a base price for the conversion. For example, if the lowest closing bid price during the delinquency
period is $0.01 per share and the conversion dis- count is 50% the Holder may elect to convert future conversions at $0.005 per
share

 

    	5

    	 

    

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, in-cluding, without limitation, engaging
an attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’
fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

Make-Whole
for Failure to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the Holder the
conversion shares by the by the 3rd business day following the delivery of a Notice of Conversion to the Company and if the Holder
incurs a Failure to Deliver Loss, then at any time the Holder may provide the Company written notice indicating the amounts payable
to the Holder in respect of the Failure to Deliver Loss and the Company must make the Holder whole as follows:

 

Failure
to Deliver Loss = [(High trade price at any time on or after the day of exercise) x (Number of conversion shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day
from the time of the Holder’s written notice to the Company.

 

9.
In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid
or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum
extent possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected
or impaired thereby.

 

10.
Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument
signed by the Company and the Holder.

 

11.
The Company represents that it is not a “shell” issuer and that if it previously has been a “shell”
issuer that at least 12 months have passed since the Company has reported Form 10 type information indicating it is no longer
a “shell issuer.

 

12.
The Company shall reserve 53,464,000 shares of its Common Stock for conversions under this Note (the “Share
Reserve”). Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled. The Company
shall pay all transfer agent costs associated with issuing and delivering the share certificates to Holder. If such amounts
are to be paid by the Holder, it may deduct such amounts from the Conversion Price. The company should at all times reserve a
minimum of four times the amount of shares required if the note would be fully converted. The Holder may reasonably request
increases from time to time to reserve such amounts. The Company will instruct its transfer agent to provide the outstanding
share information to the Holder in connection with its conversions.

 

    	6

    	 

    

 

13.
The Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock
splits, recapitalizations etc. This notice shall be given to the Holder as soon as possible under law.

 

14.
This Note shall be governed by and construed in accordance with the laws of New York applicable to contracts made and wholly
to be performed within the State of New York and shall be binding upon the successors and assigns of each party hereto. The
Holder and the Company hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of
the State of New York or in the Federal courts sitting in the county or city of New York. This Agreement may be executed in
counterparts, and the facsimile transmission of an executed counterpart to this Agreement shall be effective as an
original.

 

15.
This Note shall be guaranteed by Seth Shaw, Chief Executive Officer of the Company. Mr. Shaw will be pledge 37,500,000 shares
of Common Stock as collateral for payment obligation under this Note which will be subject to the terms of a stock pledge
agreement, dated December 19, 2016.

 

    	7

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

Dated:
12/19/2016 

 

	 	TAURIGA SCIENCES, INC. 
	 	 	 
	 	By:
    	Seth
M. Shaw 
	 	Title:
    	CEO/Chairman
    

 

    	8

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