Document:

Exhibit
10.1

 

COMMON
STOCK PURCHASE AGREEMENT

 

This
Common Stock Purchase Agreement (the “Agreement”), dated as of October 26, 2020 (the “Execution Date”),
is entered into by and between NuZee, Inc., a Nevada corporation (the “Company”), and Triton Funds LP, a Delaware
limited partnership (the “Investor”).

 

RECITALS

 

WHEREAS,
upon the terms and subject to the conditions contained herein, the Investor agrees to purchase, and the Company agrees to sell,
One Million Dollars ($1,000,000) of the Company’s common stock, par value $0.00001 per share (the “Common Stock”),
which shares of Common Stock issued pursuant to this Agreement shall be registered under the Securities Act of 1933, as amended
(the “1933 Act”), pursuant to the effective Registration Statement (as defined below) and the applicable prospectus
supplement.

 

NOW
THEREFORE, in consideration of the foregoing recital, which shall be considered an integral part of this Agreement, the covenants
and agreements set forth hereafter, and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and the Investor hereby agree as follows:

 

AGREEMENT

 

SECTION
I

DEFINITIONS

 

For
all purposes of and under this Agreement, the following terms shall have the respective meanings below, and such meanings shall
be equally applicable to the singular and plural forms of such defined terms.

 

“1934
Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations
of the SEC thereunder, all as the same will then be in effect.

 

“Administrative
Fee” shall mean $10,000 payable by the Company to the Investor at the Closing.

 

“Affiliate”
shall mean any person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under
common control with any other person, as such terms are used in and construed under Rule 405 under the 1933 Act.

 

“Business
Day” shall mean any day on which the Principal Market for the Purchased Shares is open for trading from the hours of 9:30
a.m. until 4:00 p.m. Eastern time.

 

“Closing”
shall mean the closing of the purchase and sale of the Purchased Shares pursuant to Section II.

 

“Closing
Date” shall mean the date that is no later than two (2) Business Days after the Purchase Notice Date.

 

“Commitment
Period” shall mean the period beginning on the Business Day immediately following the Execution Date and ending on the expiration
of this Agreement.

 

“Investment
Amount” shall mean the total dollar amount of Common Stock to be sold by the Company at the Closing, not to exceed One Million
Dollars ($1,000,000).

 

“Per
Share Purchase Price” shall mean 90% of the lowest closing price of the Common Stock as reported by the Principal Market
during the five (5) Business Days prior to the Closing Date.

 

“Principal
Market” shall mean the New York Stock Exchange, the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market,
the Nasdaq Global Select Market or the OTC Markets, which is, at the time, the market on which the Common Stock is then listed.

 

    	 

     

    

 

“Purchase
Notice” shall mean the written notice sent to the Investor by the Company, which Purchase Notice shall state that the Company
intends to sell the Purchased Shares to the Investor pursuant to the terms of this Agreement.

 

“Purchased
Shares” shall mean shares of Common Stock issued to the Investor at the Closing pursuant to the terms of this Agreement,
in a number equal to the Investment Amount divided by the Per Share Purchase Price.

 

“Registration
Statement” means the Registration Statement on Form S-3 (File No. 333- 248531) declared effective by the SEC on October
2, 2020, and registering, among other securities, the Purchased Shares issuable hereunder pursuant to the applicable prospectus
supplement to be filed with the SEC.

 

“SEC”
shall mean the U.S. Securities and Exchange Commission.

 

“Subsidiary”
shall mean any direct or indirect subsidiary.

 

SECTION
II

PURCHASE
AND SALE OF COMMON STOCK

 

2.1
PURCHASE AND SALE OF PURCHASED SHARES. On the Closing Date, subject to the terms and conditions set forth herein, the Company
shall sell to the Investor, and the Investor shall purchase from the Company, that number of Purchased Shares equal to the Investment
Amount divided by the Per Share Purchase Price.

 

2.2
DELIVERY OF PURCHASE NOTICE. Subject to the terms and conditions herein, the Company may deliver the Purchase Notice to
the Investor during the Commitment Period, which Purchase Notice shall be in the form attached hereto as Exhibit A.

 

2.3
CONDITIONS TO OBLIGATIONS. Notwithstanding anything to the contrary in this Agreement, the Investor shall not be obligated
to purchase any Purchased Shares at the Closing unless each of the following conditions are satisfied:

 

		(i)	the
                                         representations and warranties of the Company contained herein shall remain accurate
                                         in all material respects on the Closing Date (unless as of a specific date herein in
                                         which case they shall be accurate as of such date);

 

		(ii)	the
                                         Registration Statement shall remain effective and available for the offer and sale of
                                         the Purchased Shares at all times until the Closing;

 

		(iii)	at
                                         the Closing, the Common Stock shall have been listed or quoted for trading on the Principal
                                         Market and shall not have been suspended from trading, at any time, after the Execution
                                         Date and the Company shall not have been notified of any pending or threatened proceeding
                                         or other action to suspend the trading of the Common Stock;

 

		(iv)	no
                                         injunction shall have been issued and remain in force, or action commenced by a governmental
                                         authority which has not been stayed or abandoned, prohibiting the purchase or the issuance
                                         of the Purchased Shares; and

 

		(v)	the
                                         issuance of the Purchased Shares will not violate any requirements of the Principal Market.

 

If
any of the events described in clauses (i) through (iv) above occurs prior to the Closing, then the Investor shall have no obligation
to purchase the Purchased Shares set forth in the Purchase Notice.

 

Notwithstanding
anything to the contrary in this Agreement, the Company shall not be obligated to sell any Purchased Shares to the Investor at
the Closing unless the representations and warranties of the Investor contained herein shall remain accurate in all material respects
on the Closing Date (unless as of a specific date herein in which case they shall be accurate as of such date).

 

    	2

     

    

 

2.4
MECHANICS OF PURCHASE OF PURCHASED SHARES BY INVESTOR. The Closing Date and Closing of the purchase of the Purchased Shares
set forth in the Purchase Notice shall occur no later than two (2) Business Days following the first receipt by Investor’s
custodian of the Purchased Shares (the “Purchase Notice Date”); it being understood that Investor shall deliver the
Purchase Notice to Investor’s custodian on the Purchase Notice Date. At the Closing, the Investor shall deliver the Investment
Amount (less the Administrative Fee) in U.S. dollars by wire transfer of immediately available funds to an account designated
by the Company set forth in the Purchase Notice. In addition, on or prior to the Closing, each of the Company and Investor shall
deliver to each other all documents, instruments and writings required to be delivered or reasonably requested by either of them
pursuant to this Agreement in order to implement and effect the transactions contemplated herein.

 

2.5
LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor
be entitled to purchase that number of Purchased Shares, which when added to the sum of the number of shares of Common Stock beneficially
owned (as such term is defined under Rule 13d-3 promulgated pursuant to the 1934 Act), by the Investor, would exceed 4.99% of
the aggregate number of shares of Common Stock outstanding on the Purchase Notice Date, as determined in accordance with Rule
13d-1(j) of promulgated pursuant to 1934 Act.

 

SECTION
III

INVESTOR’S
REPRESENTATIONS, WARRANTIES AND COVENANTS

 

By
executing this Agreement, the Investor represents, warrants and agrees that:

 

3.1
ORGANIZATION AND QUALIFICATION. The Investor is an entity duly organized, validly existing and in good standing under the laws
of the state of Delaware, with the requisite power and authority to enter into and to consummate the transactions contemplated
by this Agreement.

 

3.2
POWER AND AUTHORITY. The execution, delivery and performance by the Investor of this Agreement and the consummation of the transactions
contemplated hereby are within the powers of the Investor and have been duly authorized by all necessary action on the part of
the Investor. This Agreement has been duly and validly executed and delivered by the Investor and constitutes a legal, valid and
binding agreement of the Investor, enforceable against the Investor in accordance with the terms hereof, subject to applicable
bankruptcy, insolvency and similar laws affecting creditors’ rights generally.

 

3.3
EFFECTIVE REGISTRATION STATEMENT. The Purchased Shares are being offered pursuant to the Registration Statement and the applicable
prospectus supplement to be filed with the SEC in connection herewith, and the Investor is solely relying on the Registration
Statement and all periodic and current reports filed by the Company under the 1934 Act prior to the date of this Agreement (the
“SEC Filings”) in determining whether to purchase the Purchased Shares.

 

3.4
REVIEW OF SEC FILINGS. Investor has had full opportunity to read and review the Registration Statement, the documents incorporated
therein by reference, and consult with an attorney regarding such Registration Statement.

 

3.5
ACCURACY OF REPRESENTATIONS. The information provided herein and these representations, warranties and agreements are accurate
and complete, and shall remain so until the Investor notifies the Company otherwise.

 

3.6
NO SHORT SALES. Neither the Investor nor any of its Affiliates has (i) engaged in any short sale or similar transactions with
respect to the Common Stock, or (ii) taken, directly or indirectly, any action designed to, or that would constitute or that might
reasonably be expected to, cause or result in, under the 1934 Act or otherwise, manipulation of the price of the Common Stock
in order to facilitate the transactions contemplated by this Agreement, and the Investor and its Affiliates shall not engage in
any of such foregoing transactions following the Execution Date until the Closing. The Investor is not aware of any such action
taken or to be taken by any person.

 

3.7
OWNERSHIP OF COMMON STOCK. As of the date of this Agreement, the Investor (together with any of its Affiliates) beneficially owns
(as defined under Rule 13d-3 promulgated pursuant to the 1934 Act) no more than 1,000 shares of Common Stock, and does not own
any options, warrants or other rights to acquire or dispose of equity or voting securities of the Company or any other securities
convertible into equity securities of the Company.

 

    	3

     

    

 

3.8
FINANCING. At the Closing, the Investor will have sufficient cash of immediately available U.S. Dollars to enable it to make payment
of the Investment Amount.

 

SECTION
IV

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

Except
as disclosed on the Company’s SEC Filings, the Company represents and warrants to the Investor that:

 

4.1
ORGANIZATION AND QUALIFICATION. The Company is a corporation duly organized and validly existing in good standing under the laws
of the State of Nevada and has the requisite corporate power and authorization to own its properties and to carry on its business
as now being conducted. The Company is duly qualified to do business and is in good standing in every jurisdiction in which its
ownership of property or the nature of the business conducted by it makes such qualification necessary, except to the extent that
the failure to be so qualified or be in good standing would not have or reasonably be expected to result in a Material Adverse
Effect. As used in this Agreement, “Material Adverse Effect” means a change, event, circumstance, effect or state
of facts that has had a material adverse effect on the business, assets, operations, results of operations, financial condition
or prospects of the Company and its Subsidiaries, if any, taken as a whole, or on the authority or ability of the Company to perform
its obligations and transactions contemplated under this Agreement.

 

4.2
AUTHORIZATION.

 

		(i)	The
                                         Company has the requisite corporate power and authority to enter into this Agreement
                                         and to issue the Purchased Shares in accordance with the terms hereof.

 

		(ii)	The
                                         execution and delivery of this Agreement by the Company and the consummation by it of
                                         the transactions contemplated hereby, including without limitation the issuance of the
                                         Purchased Shares pursuant to this Agreement, have been duly and validly authorized by
                                         the Company’s Board of Directors and no further consent or authorization is required
                                         by the Company, its Board of Directors, or its shareholders.

 

4.3
ENFORCEABILITY.

 

		(i)	This
                                         Agreement has been duly and validly executed and delivered by the Company.

 

		(ii)	This
                                         Agreement constitutes the valid and binding obligations of the Company enforceable against
                                         the Company in accordance with its terms, except as such enforceability may be limited
                                         by general principles of equity or applicable bankruptcy, insolvency, reorganization,
                                         moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement
                                         of creditors’ rights and remedies.

 

4.4
ISSUANCE OF SHARES. The Company has reserved for issuance pursuant to this Agreement the amount of Purchased Shares included in
the base prospectus forming part of the Registration Statement , which have been duly authorized and reserved (subject to adjustment
pursuant to the Company’s covenant set forth in Section 5.5 below) pursuant to this Agreement. Upon issuance in accordance
with this Agreement, the Purchased Shares will be validly issued, fully paid for and non-assessable and free from all taxes, liens
and charges with respect to the issuance thereof (other than any taxes, liens or charges arising from an act or omission of the
Investor).

 

4.5
INSURANCE. The Company and the Subsidiaries carry, or are covered by, insurance in such amounts and covering such risks as the
Company and the Subsidiaries reasonably believe are adequate for the conduct of their business.

 

    	4

     

    

 

SECTION
V

COVENANTS
OF THE COMPANY

 

5.1
COMMERCIALLY REASONABLE EFFORTS. The Company shall use commercially reasonable efforts to satisfy the covenants of the Company
under this Section V.

 

5.2
REPORTING STATUS. From the Execution Date until this Agreement terminates pursuant to Section VI, the Company shall file all reports
required to be filed with the SEC pursuant to the 1934 Act, and the Company shall not terminate its status, or take any action
or fail to take any action, which would terminate its status as a reporting company under the 1934 Act.

 

5.3
USE OF PROCEEDS. The Company will use the proceeds from the sale of the Purchased Shares for general corporate and working capital
purposes or acquisitions of assets, businesses or operations or for other purposes that the Board of Directors, in good faith,
deem to be in the best interest of the Company and its stockholders.

 

5.4
FINANCIAL INFORMATION. During the Commitment Period, the Company agrees to make available to the Investor via EDGAR or other electronic
means the following documents and information on the forms set forth: (i) its Annual Reports on Form 10-K, its Quarterly Reports
on Form 10-Q, any Current Reports on Form 8-K and any Registration Statements or amendments filed pursuant to the 1933 Act; (ii)
copies of any notices and other information made available or given to the shareholders of the Company generally, contemporaneously
with the making available or giving thereof to the shareholders; and (iii) within two (2) calendar days of filing or delivery
thereof, copies of all documents filed with, and all correspondence sent to, the Principal Market, any securities exchange or
market, or the Financial Industry Regulatory Association, unless such information is material nonpublic information.

 

5.5
INTENTIONALLY OMITTED.

 

5.6
LISTING. The Company shall maintain the listing of all of the Purchased Shares on the Principal Market (subject to official notice
of issuance) for at least one (1) year from the date of this Agreement. Neither the Company nor any of its Subsidiaries shall
take any action for at least one (1) year from the date of this Agreement which would be reasonably expected to result in the
delisting or suspension of the Common Stock on the Principal Market (excluding suspensions of not more than one (1) Business Day
resulting from business announcements by the Company). During the Commitment Period, the Company shall promptly provide to the
Investor copies of any notices it receives from the Principal Market regarding the continued eligibility of the Common Stock for
listing on such Principal Market. The Company shall pay all fees and expenses in connection with satisfying its obligations under
this Section 5.6.

 

5.7
CORPORATE EXISTENCE. During the Commitment Period, the Company shall preserve and continue the corporate existence of the Company.

 

5.8
NOTICE OF CERTAIN EVENTS AFFECTING REGISTRATION. During the Commitment Period, the Company shall promptly notify the Investor
upon the occurrence of any of the following events in respect of a Registration Statement or related prospectus in respect of
an offering of the Purchased Shares: (i) receipt of any request for additional information by the SEC or any other federal or
state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to
the Registration Statement or related prospectus; (ii) the issuance by the SEC or any other federal or state governmental authority
of any stop order suspending the effectiveness of any Registration Statement or the initiation of any proceedings for that purpose;
(iii) receipt of any notification with respect to the suspension of the qualification or exemption from qualification of any of
the Purchased Shares for sale in any jurisdiction or the initiation or notice of any proceeding for such purpose; (iv) the happening
of any event that makes any statement made in such Registration Statement or related prospectus or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in the
Registration Statement, related prospectus or documents so that, in the case of a Registration Statement, it will not contain
any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein not misleading, and that in the case of the related prospectus, it will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; and (v) the Company’s reasonable determination
that a post-effective amendment or supplement to the Registration Statement would be appropriate, and the Company shall promptly
make available to Investor any such supplement or amendment to the related prospectus.

 

    	5

     

    

 

5.9
TRANSFER AGENT. The Company shall deliver instructions to its transfer agent to issue Purchased Shares to the Investor that are
issued to the Investor pursuant to this Agreement.

 

SECTION
VI

EXPIRATION

 

This
Agreement shall expire either upon the earlier to occur of:

 

6.1
that date when the Investor has purchased an aggregate of One Million Dollars ($1,000,000) in Purchased Shares pursuant to this
Agreement; or

 

6.2
November 2, 2020.

 

Any
and all amounts, if any, due under this Agreement shall be immediately payable and due at the Closing pursuant to the terms of
Section II.

 

SECTION
VII

INDEMNIFICATION

 

In
consideration of the parties mutual obligations set forth in this Agreement, each party to this Agreement (the “Indemnitor”)
shall defend, protect, indemnify and hold harmless the other party hereto and all of such other party’s officers, directors,
along with each person or entity, if any, who controls such other party within the meaning of Section 15 of the 1933 Act or Section
20 of the 1934 Act (collectively, the “Indemnitees”) from and against any and all actions, causes of action, suits,
claims, losses, costs, penalties, fees, liabilities and damages, and reasonable expenses in connection therewith (irrespective
of whether any such Indemnitee is a party to the action for which indemnification hereunder is sought), and including reasonable
attorneys’ fees and disbursements as such fees and disbursements are reasonably incurred by such Indemnitee in connection
with investigating, defending, settling, compromising or paying such claims, losses, costs, penalties, fees, liabilities, damages,
expense or action (the “Indemnified Liabilities”), incurred by any Indemnitee as a result of, or arising out of, or
relating to (I) any misrepresentation or breach of any representation or warranty made by the Indemnitor or any other certificate,
instrument or document contemplated hereby or thereby; (II) any breach of any covenant, agreement or obligation of the Indemnitor
contained in this Agreement or any other certificate, instrument or document contemplated hereby or thereby; or (III) any cause
of action, suit or claim brought or made against such Indemnitee by a third party and arising out of or resulting from the execution,
delivery, performance or enforcement of this Agreement or any other certificate, instrument or document contemplated hereby or
thereby; provided, however, that the Indemnitor will not be liable in any such case to the extent that any such loss, claim, damage,
liability or expense arises out of or is based upon (i) the failure of such Indemnitee or Indemnitees to comply with the covenants
and agreements contained in this Agreement, or (ii) the inaccuracy of any representations made by such Indemnitee or Indemnitees
herein. To the extent that the foregoing undertaking by the Indemnitor may be unenforceable for any reason, the Indemnitor shall
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under
applicable law. The indemnity provisions contained herein shall be in addition to any cause of action or similar rights Indemnitor
may have, and any liabilities the Indemnitor or the Indemnitees may be subject to.

 

    	6

     

    

 

SECTION
VIII

MISCELLANEOUS

 

8.1
LAW GOVERNING THIS AGREEMENT. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada
without regard to principles of choice or conflicts of laws (whether of the State of Nevada or any other jurisdiction) that would
cause the application of laws of any jurisdictions other than those of the State of Nevada. Any action brought by either party
against the other concerning the transactions contemplated by this Agreement shall be brought only in the state or federal courts
located within the State of Nevada. The parties to this Agreement agree that process may be served upon them in any manner authorized
by the laws of the State of Nevada for such persons. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction
and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based
upon forum non conveniens. The parties executing this Agreement and other agreements referred to herein or delivered in connection
herewith on behalf of the Company agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive
trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or
unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any suit, action
or proceeding in connection with this Agreement by mailing a copy thereof via registered or certified mail or overnight delivery
(with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such
service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to
limit in any way any right to serve process in any other manner permitted by law.

 

8.2
LEGAL FEES; AND MISCELLANEOUS FEES. Except as otherwise set forth in this Agreement, including the Administrative Fee, each party
shall pay the fees and expenses of its advisers, counsel, the accountants and other experts, if any, and all other expenses incurred
by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. Any attorneys’
fees and expenses incurred by either the Company or the Investor in connection with the preparation, negotiation, execution and
delivery of any amendments to this Agreement or relating to the enforcement of the rights of any party, after the occurrence of
any breach of the terms of this Agreement by another party or any default by another party in respect of the transactions contemplated
hereunder, shall be paid on demand by the party which breached this Agreement and/or defaulted, as the case may be. The Company
shall pay all stamp and other taxes and duties levied in connection with the issuance of any Purchased Shares.

 

8.3
SURVIVAL. The representations and warranties of the Company and the Investor contained in this Agreement shall survive, as of
their respective dates, the Commitment Period and the expiration of this Agreement.

 

8.4
ENTIRE AGREEMENT. This Agreement constitutes the full and entire understanding and agreement between the parties with respect
to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters.

 

8.5
NOTICES. All notices, requests, consents and other communications hereunder shall be in writing, shall be sent or mailed by first-class
registered or certified airmail, or nationally recognized overnight express courier, postage prepaid, and shall be deemed given
when so received in the case of mail or courier, and addressed as follows:

 

Notices
for the Company:

 

NuZee,
Inc.

1401
Capital Avenue, Suite B

Plano,
Texas 75074

Attention:
Masateru Higashida, Chief Executive Officer

Email:
masa@coffeeblenders.com

 

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

Polsinelli
PC

2049
Century Park East, Suite 2900

Los
Angeles, California 90067

Attention:
Alan A. Lanis, Jr.

Email:
jrlanis@polsinelli.com

 

    	7

     

    

 

Notices
for the Investor:

Triton
Funds LP

8910
University Center Lane, 4th Floor

San
Diego, CA 92122

Attention:
Ashkan Mapar, Prinicpal

Email:
tritonfundsllc@gmail.com

 

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

Indeglia
PC

13274
Fiji Way, Suite 250

Marina
del Rey, CA 90292

Attention:
Marc Indeglia

Email:
marc@indegliapc.com

 

Any
party may give any notice, request, demand, claim or other communication hereunder using any other means (including personal delivery,
expedited courier, messenger service, telecopy, telex, ordinary mail or electronic mail), but no such notice, request, demand,
claim or other communication shall be deemed to have been duly given unless and until it actually is received by the party for
whom it is intended.

 

8.6
AMENDMENTS; WAIVERS. No provision of this Agreement may be waived or amended except in a written instrument signed, in the case
of an amendment, by each of the parties hereto, or in the case of a waiver, by the party against whom the waiver is to be effective.
No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof,
nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such
right.

 

8.7
CONSTRUCTION. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed
to limit or affect any of the provisions hereof. The language used in this Agreement will be deemed to be the language chosen
by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. The parties
acknowledge and agree that: (i) each party and its counsel have reviewed the terms and provisions of this Agreement and have contributed
to its drafting; and (ii) the normal rule of construction, to the effect that any ambiguities are resolved against the drafting
party, shall not be employed in the interpretation of this Agreement.

 

8.8
SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and
permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written
consent of the Investor, and the Investor may not assign this Agreement or any rights or obligations hereunder without the prior
written consent of the Company.

 

8.9
NO THIRD-PARTY BENEFICIARIES. This Agreement is intended for the benefit of the parties hereto and their respective successors
and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

8.10
COUNTERPARTS. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered
by facsimile transmission or email attachment, such signature shall create a valid and binding obligation of the party executing
(or on whose behalf such signature is executed) with the same force and effect as if such facsimile or email-attached signature
page were an original thereof.

 

8.11
DISCLOSURE OF MATERIAL NON-PUBLIC INFORMATION. The Company shall use commercially reasonable efforts to refrain from intentionally
disclosing to the Investor material non-public information regarding the Company.

 

8.12
PUBLICITY AND SEC DISCLOSURES. Other than as required by law (in which case no prior consent shall be required), the Company and
the Investor shall not issue any such press release or otherwise make any such public statement or filing in connection with the
transactions contemplated by this Agreement without the prior consent of the other party, which consent shall not be unreasonably
withheld, conditioned or delayed, except if such disclosure is required by applicable law (including the rules of any applicable
stock exchange), in which case the disclosing party shall provide the other party with prior notice of such public statement or
filing.

 

[Signatures
Follow]

 

    	8

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Common Stock Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

	TRITON
    FUNDS LP	 
	 	 
	By:
    	/s/
    Ashkan Mapar	 
	Name:	Ashkan
    Mapar	 
	Title:	Principal	 
	 	 
	NuZee,
    Inc.	 
	 	 
	By:	/s/
    Shanoop Kothari	 
	Name:	Shanoop
    Kothari	 
	Title:	Vice
    President, Chief Financial Officer and Chief Operating Officer	 

 

    	Signature Page to Common Stock Purchase Agreement

     

    

 

EXHIBIT
A

 

PURCHASE
NOTICE

 

Date:
_____, 2020

 

TRITON
FUNDS LP,

 

This
is to inform you that as of today NuZee, Inc. (the “Company”) hereby elects to exercise its right pursuant to the
Common Stock Purchase Agreement (the “Agreement”) dated October 26, 2020, and entered into between the Company and
you, to require you to purchase _____ Purchased Shares for an Investment Amount up to One Million Dollars ($1,000,000).

 

The
Company’s wire instructions are as follows:

 

[Insert
Wire Instructions]

 

The
Per Share Purchase Price shall be calculated in accordance with the terms and conditions of the Agreement. All capitalized terms
used but not defined herein shall have the meanings given to such terms in the Agreement.

 

Regards,

 

	NuZee,
    Inc.	 
	 	 
	By: 	                  	 
	Name: 	 	 
	Title: 	 	 

 

    	Exhibit AExhibit 4.1

 

UNSECURED
PROMISSORY NOTE

 

	$850,000	New York City, New York
	 	October 27, 2020

 

FOR VALUE RECEIVED, and subject to the
terms and conditions set forth herein, DPW Holdings, Inc., a Delaware corporation (hereinafter referred to as “Maker”),
hereby unconditionally promises to pay to Esousa Holdings LLC a New York limited liability company (and together with its successors
and assigns, hereinafter referred to as “Holder”), in the manner hereinafter provided, the aggregate principal
sum of EIGHT HUNDRED AND FIFTY THOUSAND DOLLARS ($850,000), or, if less, the aggregate unpaid principal amount of all advances
made from time to time by Holder to Maker pursuant to and in accordance with this Note, in immediately available funds and in lawful
money of the United States of America, together with interest thereon, all in accordance with the provisions hereinafter specified.

 

1.       Advance.
On the date hereof, Maker received an advance of the aggregate principal sum of EIGHT HUNDRED AND FIFTY THOUSAND DOLLARS ($850,000),
from Holder. Amounts advanced hereunder and repaid may not be reborrowed.

 

2.       Accrual
of Interest. Interest shall accrue and be computed on the principal amount outstanding from time to time under this Note until
the same is repaid in full at a rate equal to fourteen percent (14%) per annum. Interest shall be calculated hereunder on the basis
of a 360-day year for the actual number of days elapsed.

 

3.       Payment
of Interest. Maker shall pay interest on this Note on the Maturity Date (as hereafter defined) to Holder. Interest payable
on this Note shall be paid on the Maturity Date in cash. During the continuance of an Event of Default, notwithstanding anything
else to the contrary contained in this Note, interest payable on the outstanding principal hereunder shall bear interest at the
then applicable interest rate set forth in the immediately preceding section plus thirteen percent (13%) per annum; provided, however,
that such rate shall be increased or decreased to reflect the maximum interest rate permitted under applicable law. Such interest
shall be payable in cash upon demand.

 

4.       Maturity
Date. The entire unpaid principal amount of this Note, together with all accrued unpaid interest, shall be due and payable
on December 28, 2020 (the “Maturity Date”) or, if earlier, the date on which this Note is declared due and payable
pursuant to the terms of this Note, including without limitation as provided in Section 9 of this Note.

 

5.       Use
of Proceeds. The Maker will use the proceeds received from Holder to pay its employees’ salaries and health insurance
premia, Delaware franchise taxes, Holder’s legal fees, D&O insurance, vendors located in Minnesota as well as Italy and
the Maker’s independent registered public accounting firm.

 

    	 	 	 

    	 

    

 

6.       Manner
and Application of Payments. All amounts payable in cash hereunder shall be payable to Holder by wire transfer of immediately
available funds and in lawful money of the United States of America without set-off, deduction or counterclaim at such place as
Holder may from time to time designate in writing to Maker. Payments hereunder shall be applied first to interest and then to
principal outstanding hereunder, except that if Holder has incurred any cost or expense in connection with the enforcement or
collection of the obligations of Maker hereunder, Holder shall have the option of applying any monies received from Maker to payment
of such costs or expenses plus interest thereon before applying any of such monies to any interest or principal then due. If any
payment of principal or interest under this Note shall be payable on a day other than a business day such payment shall be made
on the next succeeding business day and interest shall be payable at the rate specified in this Note during such extension. The
books and records of Holder shall be the best evidence of any amounts at any time owed under this Note (including but not limited
to principal, interest and any fees owed hereunder) and shall be conclusive absent manifest error. 

 

7.       Representation
and Warranties. Maker hereby represents and warrants to Holder that:

 

(i)       Maker
is validly existing as a corporation under the laws of the State of Delaware and has the power and authority to execute and deliver
this Note and has duly executed and delivered this Note;

 

(ii)      this
Note is the legal, valid and binding obligation of Maker, enforceable in accordance with its terms;

 

(iii)     the
execution, delivery and performance of this Note and the borrowing evidenced hereby does not (i) require the consent or approval
of any other party (including any governmental or regulatory party), (ii) violate any law, regulation, agreement, order, writ,
judgment, injunction, decree, determination or award presently in effect to which Maker is a party or to which Maker or any of
its assets may be subject, or (iii) conflict with or constitute a breach of, or default under, or require any consent under, or
result in the creation of any lien, charge or encumbrance upon the property or assets of Maker pursuant to any other agreement
or instrument (other than any pledge of or security interest granted in any collateral pursuant to this Note) to which Maker is
a party or is bound or by which its properties may be bound or affected; and

 

(iv)     there
are no actions, suits, investigations or proceedings pending or, to the best of Maker’s knowledge, threatened at law, in
equity, in arbitration or by or before any other authority involving or affecting Maker that are likely to have a material adverse
effect on the financial condition of Maker.

 

8.       Covenants.

 

(i)       Further
Assurances. Maker shall execute, acknowledge and deliver, or cause to be executed, acknowledged or delivered, any and all such
further assurances and other agreements or instruments, and take or cause to be taken all such other action, as shall be reasonably
necessary from time to time to give full effect to the Note and the obligations hereunder.

 

(ii)       Maintenance
of Existence. Maker shall preserve, renew and maintain in full force and effect its corporate or organizational existence and
take all reasonable action to maintain all rights and privileges necessary or desirable in the ordinary course of business except
as would not have a materially adverse effect.

 

    		2	

    	 

    

 

(iii)      Notices
of Defaults. As soon as possible and in any event within two (2) business days after Maker becomes aware of a Default or Event
of Default under this Note, Maker shall notify Holder in writing of the nature and extent of such default or event of default and
the action, if any, Maker has taken or proposes to take with respect to such default or event of default.

 

9.       Events
of Default. Each of the following acts, events or circumstances shall constitute an Event of Default (each an “Event
of Default”) hereunder:

 

(i)       Maker
shall default in the payment when due (in accordance with the terms of this Note) of any principal;

 

(ii)      Maker
shall default in the payment when due (in accordance with the terms of this Note) of any interest or other amounts owing hereunder,
and such default is not cured within three (3) business days of the due date;

 

(iii)     (a)
Maker shall commence a voluntary case concerning itself under any bankruptcy, insolvency or similar laws or statutes (including
Title 11 of the United States Code, as amended, supplemented or replaced) (collectively, the “Bankruptcy Code”);
or (b) an involuntary case is commenced against Maker and is not dismissed within ninety (90) days; or (c) a custodian (as defined
in the Bankruptcy Code) is appointed for, or takes charge of, all or substantially all of the property of Maker or Maker commences
any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation
or similar law of any jurisdiction whether now or hereafter in effect relating to Maker or there is commenced against Maker any
such proceeding; or (d) any order of relief or other order approving any such case or proceeding is entered; or (e) Maker is adjudicated
insolvent or bankrupt; or (f) Maker makes a general assignment for the benefit of creditors; or (g) Maker shall call a meeting
of its creditors with a view to arranging a composition or adjustment of its debts; or (h) Maker shall by any act or failure to
act consent to, approve of or acquiesce in any of the foregoing;

 

(iv)     Maker
shall dissolve or for any reason cease to be in existence;

 

(v)     any
representation or warranty made or that is deemed made by Maker shall have been false or misleading in any material respect on
the date as of which such representation or warranty was made or deemed made;

 

(vi)     Maker
shall fail to perform or observe any agreement, covenant or obligation arising under any provision hereof for more than thirty
(30) days following receipt by Maker of a notice from Holder indicating any such violation; and

 

(vii)    any
material adverse effect shall occur with respect to (a) the validity or enforceability of this Note or the rights, powers and privileges
purported to be created hereby, (b) the right rights and remedies of the Holder hereunder, (c) Maker’s ability to perform
any of its obligations hereunder, or (d) the business, assets, properties, liabilities (actual or contingent), operations or condition
(financial or otherwise) of Maker.

 

    		3	

    	 

    

 

If an Event of Default, other than an Event
of Default described in clause (iii) of this section, occurs, Holder by written notice to Maker may declare the principal of and
accrued interest on this Note to be immediately due and payable. Upon a declaration of acceleration, such principal and interest
shall become immediately due and payable. If an Event of Default described in clause (iii) of this Section occurs, the principal
of and accrued interest on this Note then outstanding shall become immediately due and payable without any declaration or other
act on the part of Holder.

 

As used herein, the term “Default”
means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured
or waived, become an Event of Default.

 

10.       Remedies;
Cumulative Rights. In addition to the rights provided under the immediately preceding Section, Holder shall also have any other
rights that Holder may have been afforded under any contract or agreement at any time, and any other rights that Holder may have
pursuant to applicable law. No delay on the part of Holder in the exercise of any power or right under this Note or under any other
instrument executed pursuant hereto shall operate as a waiver thereof, nor shall a single or partial exercise of any power or right
preclude other or further exercise thereof or the exercise of any other power or right. No extension of time of the payment of
this Note or any other modification, amendment or forbearance made by agreement with any person now or hereafter liable for the
payment of this Note shall operate to release, discharge, modify, change or affect the liability of any co-borrower, endorser,
guarantor or any other person with regard to this Note, either in part or in whole. No failure on the part of Holder or any holder
hereof to exercise any right or remedy hereunder, whether before or after the occurrence of a default, shall constitute a waiver
thereof, and no waiver of any past default shall constitute a waiver of any future default or of any other default. No failure
to accelerate the debt evidenced hereby by reason of an Event of Default hereunder or acceptance of a past due installment, or
indulgence granted from time to time shall be construed to be a waiver of the right to insist upon prompt payment thereafter, or
to impose late payment charges, or shall be deemed to be a novation of this Note or any reinstatement of the debt evidenced hereby,
or a waiver of such right of acceleration or any other right, or be construed so as to preclude the exercise of any right which
Holder or any holder hereof may have, whether by the laws of the State of New York, by agreement or otherwise, and none of the
foregoing shall operate to release, change or affect the liability of Maker under this Note, and Maker hereby expressly waives
(to the extent allowed by law) the benefit of any statute or rule of law or equity which would produce a result contrary to or
in conflict with the foregoing.

 

11.       Attorneys’
Fees. Maker agrees to pay all costs and expenses of collection and enforcement of this Note when incurred, including Holder’s
reasonable attorneys’ fees and legal and court costs, including any incurred on appeal or in connection with bankruptcy or
insolvency, whether or not any lawsuit or proceeding is ever filed with respect hereto.

 

12.       Waivers.
Except for the notices expressly required by the terms of this Note (which rights to notice are not waived by Maker), Maker, for
itself and its successors and assigns, hereby forever waives presentment, protest and demand, notice of protest, demand, dishonor
and non-payment of this Note, and all other notices in connection with the delivery, acceptance, performance, default or enforcement
of the payment of this Note, and waives and renounces (to the extent allowed by law), all rights to the benefits of any statute
of limitations and any moratorium, appraisement, and exemption now allowed or which may hereby be provided by any federal or state
statute or decisions against the enforcement and collection of the obligations evidenced by this Note and any and all amendments,
substitutions, extensions, renewals, increases, and modifications hereof. Maker expressly agrees that this Note may be extended
or subordinated, by forbearance or otherwise, from time to time, without in any way affecting the liability of Maker. No consent
or waiver by Holder with respect to any action or failure to act which without such consent or waiver would constitute a breach
of any provision of this Note shall be valid or binding unless in writing signed by Holder and then only to the extent expressly
specified therein. Neither the failure nor any delay in exercising any right, power or privilege under this Note, at law or equity,
or otherwise available agreement, will operate as a waiver of such right, power or privilege and no single or partial exercise
of any such right, power or privilege by Holder will preclude any other or further exercise of such right, power or privilege.

 

    		4	

    	 

    

 

13.       Notices.
Any notices required or permitted to be given under the terms of this Note shall be sent or delivered personally or by courier
(including a recognized, receipted overnight delivery service) or by facsimile (with a copy sent by a recognized, receipted overnight
delivery service) and shall be effective upon receipt, if delivered personally or by courier (including a recognized overnight
delivery service) or by facsimile, in each case addressed to Maker or Holder. The addresses for such communications shall be:

 

If to Maker:

 

DPW Holdings, Inc.

201 Shipyard Way, Suite E

Newport Beach, CA 92663

Attention: Milton C. Ault, III

Telephone: (949) 444-5464

Facsimile: (949) 444-5464

If to Holder:

 

Esousa Holdings LLC

211 East 43rd Street, Suite 402

New York, NY 10017

Attention: Michael Wachs

Telephone: (646) 278-6785

Facsimile: (212) 732-1131

 

Maker or Holder shall provide notice to
the other of any change in its address.

 

14.       Usury.
All terms, conditions and agreements herein are expressly limited so that in no contingency or event whatsoever, whether by acceleration
of maturity of the unpaid principal balance hereof, or otherwise, shall the amount paid or agreed to be paid to Holder for the
use, forbearance or detention of the money advanced hereunder exceed the highest lawful rate permissible under applicable laws.
If, from any circumstances whatsoever, fulfillment of any provision hereof shall involve transcending the limit of validity prescribed
by law which a court of competent jurisdiction, in a final determination may deem applicable hereto, then ipso facto, the obligation
to be fulfilled shall be reduced to the limit of such validity, and if under any circumstances Holder shall ever receive as interest
an amount which would exceed the highest lawful rate, such amount which would be excessive interest shall be applied to reduction
of the unpaid principal balance due hereunder and not to the payment of interest.

 

    		5	

    	 

    

 

15.       Severability;
Invalidity. Maker and Holder intend and believe that each provision in this Note comports with all applicable local, state
and federal laws and judicial decisions. However, if any provisions, provision, or portion of any provision in this Note is found
by a court of competent jurisdiction to be in violation of any applicable local, state or federal ordinance, statute, law, or administrative
or judicial decision, or public policy, including applicable usury laws, and if such court would declare such portion, provision
or provisions of this Note to be illegal, invalid, unlawful, void or unenforceable as written, then it is the intent of all parties
hereto that such portion, provision or provisions shall be given force and effect to the fullest possible extent they are legal,
valid and enforceable, and the remainder of this Note shall be construed as if such illegal, invalid, unlawful, void or unenforceable
portion, provision or provisions were severable and not contained herein, and the rights, obligations and interest of Maker and
Holder under the remainder of this Note shall continue in full force and effect.

 

16.       No
Strict Construction. The language used in this Note shall be deemed to be the language chosen by the parties hereto to express
their mutual intent, and no rule of strict construction shall be applied against any party.

 

17.       Assignment.
Maker may not transfer, assign or delegate any of its rights or obligations hereunder without the prior written consent of Holder.
Holder shall have the right, without the consent of Maker, to transfer or assign, in whole or in part, its rights and interests
in and to this Note, and, as used herein, the term “Holder” shall mean and include such successors and assigns. This
Note shall accrue to the benefit of Holder and its successors and assigns and shall be binding upon the undersigned and its successors
and assigns.

 

18.       Amendment.
The provisions of this Note may be amended only by a written instrument signed by Maker and Holder.

 

19.       Governing
Law. THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF ALL PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF
THE STATE OF NEW YORK.

 

    		6	

    	 

    

 

20.       Jurisdiction;
Waiver of Jury Trial. ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS NOTE SHALL BE FILED, TRIED AND LITIGATED IN
THE STATE AND FEDERAL COURTS LOCATED IN NEW YORK CITY, NEW YORK. MAKER WAIVES ITS RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS NOTE, INCLUDING CONTRACT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY
CLAIMS. MAKER HAS REVIEWED THIS WAIVER AND KNOWINGLY AND VOLUNTARILY WAIVES THE AFORESAID TRIAL RIGHTS FOLLOWING CONSULTATION WITH
LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS NOTE MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

[Remainder Of Page Intentionally Left
Blank; Signature Page Follows]

 

    		7	

    	 

    

 

EXECUTED AND DELIVERED as of the first date written
above.

 

	MAKER:	DPW HOLDINGS, INC.
	 	 
	 	 
	 	 
	 	By:	
         

	 	Name:	
        Milton C. Ault, III

	 	Title:	
        Chief Executive Officer

 

 

 

 

 

 

	ACKNOWLEDGED:	ESOUSA HOLDINGS, LLC
	 	 
	 	 
	 	 
	 	By:	
         

	 	Name:	
        Michael Wachs

	 	Title:	
        Managing Member

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]