Document:

Exhibit
10.2

 

GlobeX
Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

WHEREAS,
This License Agreement (“Agreement”) is made on this 7th day of May, 2017 (“Effective Date”), by and between
GlobeX Data S.A., a Swiss corporation with Registration No. CH-660-2009007-7 (hereinafter referred to as “GDSA”) with
principal offices at Rue du Rhône, Geneva GE-1204, Switzerland,

 

and

 

GlobeX
Data Ltd., a British Columbia, Canada corporation with Registration No. BC1109261 (hereinafter referred to as “Licensee”)
with principal offices at 900-1021 West Hastings Street, Vancouver, BC V6E 0C3, Canada;

 

WHEREAS,
GDSA owns, licenses and provides: (i) a subscription-based Secure Cloud Services and management services, being GDSA’s online software
and storage system for cloud storage, file mangement and secure communications to be called “the Secure Cloud Storage and Secure
Communications Solutions” offered by GDSA worldwide through its Internet site and affiliate partnerships, as further defined below
(“Services”) and;

 

WHEREAS,
Licensee desires to market the Services to companies and individuals alike for the express purpose of providing the Services to the customers
or end users (“End User”);

 

NOW
THEREFORE, in consideration of the following conditions set forth in this Agreement, the Parties hereto agree as follows:

 

1.
Definitions. 

 

In
this Agreement, the following terms shall have the following meanings:

 

“Confidential
Information” means any and all information which is disclosed by GDSA or Licensee to
the other Party of this Agreement verbally, electronically, visually, or in a written or other tangible form which is either identified
or should be reasonably understood to be confidential or proprietary. Confidential Information includes, but is not limited to, price
lists, trade secrets, computer programs, software, formulas, data, inventions, techniques, marketing plans, strategies and forecasts
made available by the disclosing party, whether such information relates to GDSA, Licesee or its third party suppliers or licensors.
Confidential Information includes without limitation, information regarding the Plan Offerings.

 

“End
User” means a Prospect or Customer, introduced to GDSA by Licesee, that is licensed by GDSA (in its discretion), Licensee or a
GDSA approved sub-Licensee of Licensee pursuant to the terms of the End User License Agreement or Terms of Use accepted by the End User
to make use of one or more of the Plan Offerings for its own internal use purposes. All End Users are tracked through a persistent cookie
or by manual entry by the Licensee to credit the registration back to the Licesee.

 

“Plan
Offerings” or “Software” or “Service” means: (i) the subscription-based service powered by DigitalSafe®,
PrivaTalk® or any brand owered by GDSA being GDSA’s Secure Cloud Services Solutions, being those Plan Offerings that Licensee
is permitted to offer to Prospects. The Plan Offerings are described at the pricing page of each GDSA powered service, such as https://www.digitalsafe.com/en/pricing
as such descriptions may be amended from time-to-time as provided in this Agreement or any custom plan offering agreed upon by GDSA
and Licesee. Licensee is entitled to create its own plans in association with GDSA in order to create integration ease.

 

“Prospect”
means an individual, corporation, company, partnership or other entity, who is a customer of Licensee and who may be a potential End
User.

 

    	1

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

“Licensee
Fee” shall mean an amount of the Full Price Service Fee Revenue paid to GDSA by Licensee for so long as this Agreement remains
in effect. Full Price shall mean the pricing displayed on www.digitalsafe.com and/or and/or www.digitalsafe.ch and/or at
any given time. A custom plan for Licensee can be tailored by GDSA and Licensee together. In all circumstances, the profit sharing shall
be split with GDSA as follows:

 

	 	1.	GDSA
    shall have TEN percent (10%) of gross revenues due to GDSA and Licensee shall have NINETY percent (90%)
    of gross revenues du to GDSA.

 

The
commission on any Prospect undertaken after the signing of this contract and prior to termination that results in a Sale before or after
Termination shall be paid to Licensee for the duration of the Prospect relationship with GDSA. Both GDSA and Licensee shall be bound
by the accompanying Mutual Non-disclosure Agreement.

 

	 	a.	Licensee
    shall provide to GDSA an updated Prospect list within 24hours of the termination notice.
	 	 	 
	 	b.	Licensee
    shall be granted a twelve (12) month extension from the date of termination to secure a sale with all Prospects listed on the Prospect
    list. 
	 	 	 
	 	c.	Any
    Prospect sales achieved during this period from this extension will be paid to the Licensee by GDSA as per the payment terms as outlined
    in this agreement for the term of the client relationship with GDSA.

 

	 	2.	For
    Telecom sales or ISP companies, Licensee shall consult with GDSA before approaching such companies. A different Profit sharing may
    be applied depending on the pricing discount issued to Telecom or ISP companies.
	 	 	 
	 	3.	All
    credit card processing fees are at the charge of Licensee if Licensee processes payment. If payments are processed by GDSA, Licensee
    shall not be charged for credit card processing fees.
	 	 	 
	 	4.	If
    Licensee collects payments directly from users, all such payments to GDSA are due by Licensee to GDSA within 30 days of invoice date
    created by GDSA.
	 	 	 
	 	5.	Licensee
shall be responsible for Level 1 Customer Support only as defined in this wikipedia definition of Tier 1 or Level 1 support : https://en.wikipedia.org/wiki/Technical_support#Tier_1.
GDSA will be responsible for Level 2 Technical Support as defined in this wikipedia definition of Tier 2 or Level 2 support: https://en.wikipedia.org/wiki/Technical_support#Tier_2.

 

“Service
Fee Revenue” means the service fees charged by GDSA for either of the Plan Offerings which are actually received by GDSA from a
compliant End User or making use of one of the Plan Offerings in accordance with the terms of GDSA’s End User License Agreement
and for greater certainty, Service Fee in accordance with the terms of
GDSA’s End User License Agreement and for greater certainty, Service Fee Revenue shall not include, applicable taxes, credits to
accounts, refunds and/or credit card charge backs.

 

“Marketing
Materials” means creative and collateral content, in standard electronic or similar format, as well as graphics, banners, web-sites,
vidéos and other marketing promotional and informative material created by GDSA or any of its affiliated entities.

 

    	2

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

2.
Appointment of Licesee.

 

2.1
Grant of License.

 

On
the terms and conditions set out in this Agreement, GDSA hereby grants to Licensee and Licensee hereby accepts from GDSA the following
:

 

	 	●	An
    EXCLUSIVE, TRANSFERABLE license to resell the Plan Offerings to Prospects or any Custom Plan Offering in ALL COUNTRIES EXCEPT,
    SWITZERLAND, LICHTENSTEIN, THE GRAND-DUCHY of LUXEMBOURG, THE PRINCIPALITY of MONTE-CARLO, THE VATICAN CITY STATE, CANADA and THE
    UNITED STATES of AMERICA starting Effective Date for a period IN PERPETUITY, unless terminated by GDSA in accordance
    with the Terms and Conditions of this Agreement.

 

Pursuant
to this Agreement, Licensee shall market the Plan Offerings to Prospects. Prospects shall subscribe to the Plan Offerings by entering
into an End User License Agreement with GDSA by signing direct contract with the Licensee. Acceptance of a Prospect as an End User shall
remain in the full discretion of GDSA and GDSA reserves the right, in its discretion, to terminate an End User License Agreement with
any such End User in accordance with the terms of the End User License Agreement. End User Agreements can be “Localized”
by Licensee with the final approval and review of GDSA. Should Licensee want to have the absolute right to accept any End User, Licensee
shall assume the entire liability of acceptance of End User, especially in regards to local government policies and laws enforced by
the authorities governing the laws of said territory under which Licensee sells the Services.

 

2.2
Grant of License to Trade-mark.

 

On
the terms and conditions contained in this Agreement, GDSA grants to Licensee, a non-exclusive, non-transferable license to use the GDSA’s
trade names and trade-marks solely in connection with Licesee’s marketing of the Plan Offerings pursuant to this Agreement, provided
that Licensee clearly identifies GDSA’s ownership of such names and/or marks including but not limited to all GlobeX Data®
DigitalSafe® PrivaTalk® Securus® Sekur® and related brands and trade names and logomarks. All advertising and marketing
materials prepared by Licensee for use in marketing the Plan Offerings must, prior to release by Licesee, shall be delivered to GDSA
for review and approval, such approval not to be unreasonably withheld or delayed. Licensee agrees not to use any of GDSA’s
trademarks, trade names, service marks, corporate names or logos or those of its affiliates (“Marks”) on any press release,
advertising or marketing materials without GDSA’s prior written consent. Licensee agrees not to interfere or cause any third party
to interfere with GDSA’s intellectual property rights. Licensee acknowledges that the use of the Marks is limited to the use
set forth in this Agreement and that Licensee has not acquired and will not acquire any ownership rights therein. Licensee will not alter
the text or graphics in any artwork provided by GDSA. Licensee acknowledges GDSA’s ownership of the Marks and agrees not to challenge
such ownership rights and agrees that all use thereof inures to the benefit of GDSA. GDSA has the right to discontinue or alter the form,
shape or artwork of the Marks. Licensee will maintain high-quality standards in the use of the Marks and not publish illegal materials
or engage in illegal business activities in conjunction with any use of the Marks. Licensee will not use the Marks to disparage GDSA,
its products or services, and agrees to abide by these terms and conditions. If Licensee is unable or unwilling to fully comply with
these terms and conditions, Licensee’s rights to use any of the Marks will terminate and Licensee will immediately cease all use
of the Marks. GDSA reserves the right to review any and all of Licensee’s use of the Marks to determine if such use is in compliance
with this policy. Both parties may publicly release information related to this Agreement only with the written consent of the other
party for each public statement or document. The right to use GDSA’s trade names and trade-marks terminates upon immediate termination
of this Agreement.

 

2.3
Plan Offering and Trade Names and Trade-Marks.

 

All
right, title and interest in and to the Plan Offerings and all components thereof, together with all right, title and interest in and
to the Trade Names and Trade-Marks licensed above, remains with GDSA and its affiliateed companies. Except for the limited license granted
above, GDSA reserves all other rights in and to the Plan Offerings and such Trade Names, Trade-Marks and Logo-Marks.

 

    	3

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

3.
Responsibilities of the Parties.

 

3.1
Best Efforts.

 

Licensee
agrees to utilize its best efforts to assist and/or introduce the Plan Offerings to potential new and existing End Users and to market
and promote the Plan Offerings to achieve the maximum extent of distribution of the Plan Offerings. Should Licensee build any collatéral
material such as website, video, brochure or other, GDSA shall advise free of charge on any particulars of the Licensee’s collateral
material in regards to GDSA’s trademark and logo usage and or content.

 

3.2
Standards.

 

Licensee
will maintain high standards of professionalism and will at all times comply with all applicable laws and regulations and refrain from
any unethical conduct or any other conduct that could damage the reputation of GDSA or the Plan Offerings. Licensee shall conduct its
business so as to maintain and increase the goodwill and reputation of GDSA and the Plan Offerings.

 

3.3
No Side Letters.

 

Licensee
shall not enter into any separate agreements or side letters with End Users regarding any portion of the subject matter addressed in
GDSA’s End User License Agreement. Licensee shall not expand any representations or warranties beyond those expressed in GDSA’s
End User License Agreement. Licensee has no authority, and shall not make representations, to bind GDSA to an End User License Agreement.
Licensee shall not change or offer to change the contractual and/or financial terms of the End User License Agreement in any manner.

 

3.4
Marketing Support.

 

As
a means of assisting Licesee, GDSA may, from time-to-time, provide Licensee with creative and collateral content, in standard electronic
or similar format, as well as graphics, banners and other marketing promotional and informative material about GDSA and its Plan Offerings
(the “Marketing Materials”). All right, title and interest in and to the Marketing Materials shall remain with GDSA (or its
affiliated entities). Licensee shall not amend, alter or otherwise change the Marketing Materials without the prior written consent of
GDSA.

 

3.5
Access to End User’s Computer or Computer Systems.

 

To
the extent that an End User provides Licensee with an ability to access End User’s computer or computer systems by making use of
the Remote Access, Licensee shall be solely responsible for obtaining any necessary consents and other permissions from the End User.
Licensee hereby agrees to indemnify and hold harmless GDSA, its officers, directors, shareholders and third party providers and each
of their respective heirs, executors, administrators, legal personal representatives, successors and assigns (collectively, the “Indemnitees”)
from and against any and all costs, losses, expenses, claims, damages, actions, causes of action and deficiencies, which any of the Indemnitees
may suffer or incur as a result of or arising directly or indirectly out of or in connection with Licensee having access to an End User’s
computer or computer systems.

 

    	4

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

4.
Term and Termination

 

4.1
This Agreement shall remain in full force and effect for a PERPETUAL term (the “Term”), commencing on the Effective
Date unless terminated in accordance with this Agreement. If either Party breaches a material provision of this Agreement, the other
Party may immediately terminate this Agreement upon written notice to the other Party. Termination under such provision shall have immediate
effect.

 

GDSA
may terminate this Agreement at any time, should Licensee breach any part of this Agreement, upon written notice in accordance with this
Agreement. In such case, Licensee will be entitled to invoice and receive from GDSA immediately all amounts due to Licensee by GDSA and
so starting from the Termination date. Upon termination of this Agreement for any reason, all licenses granted under this Agreement shall
immediately terminate, Licensee shall immediately cease reselling the Plan Offerings and, within five (5) days after such termination,
Licenseeshall return all Marketing Materials to GDSA and shall destroy or return all Confidential Information to GDSA, without retaining
any copies of such Marketing Materials and Confidential Information. All provisions of this Agreement, which by their nature should reasonably
be expected to survive the termination of this Agreement shall survive the termination of this Agreement for any reason, including, without
limitation, Sections 2.3, 4, 7, 8, 9, and 10. However, GDSA and Licensee commit to provide best efforts in their businesses in order
to continue on a long term business relationship.

 

4.2
GDSA reserves the right to suspend or terminate Services, or any portion thereof, or terminate this Agreement upon one of the following
events:

 

4.2.1
A breach of this written License Agreement (other than the payment of amounts due hereunder) and Licensee fails to cure such breach within
thirty (30) calendar days after written notice of the breach;

 

4.2.2
A failure by Licensee to pay any amounts due to GDSA under this Agreement;

 

4.2.3
Licensee suffers any adverse financial change or takes or suffers any action as a result of its indebtedness, including without limitation
a voluntary liquidation or period of inactivity, an action in bankruptcy, an assignment for the benefit of creditors, the appointment
of a receiver or trustee or the liquidation of all or substantially all of its assets or GDSA determines that Licensee is not creditworthy;

 

4.2.4
Upon a determination by any governmental authority with jurisdiction over the parties that the provision of the Services under this Agreement
is contrary to existing laws, rules or regulations;

 

4.2.5
The passage of adoption of any law, rule or regulation that in the reasonable judgement of GDSA will make it materially more expensive
or difficult to provide the Services under this Agreement.

 

4.2.6
Either party may terminate the renewal of this Agreement upon thirty (30) days written notice prior to the expiration of the initial
or any renewal term. In such case, Licensee will be entitled to invoice and receive from GDSA immediately all amounts due to Licensee
by GDSA and so starting from the Termination date.

 

4.3
Upon the termination of this Agreement for any reason, GDSA will be entitled to immediately cease providing Services to Licesee. All
amounts due to GDSA will become immediately due and payable upon such termination. GDSA shall continue to offer services to existing
End Users until their membership for services expires. In the case of Termination due to a breach of of this Agreement, Licensee shall
not be entitled to any Fees after termination date.

 

Notwithstanding
the termination of this Agreement for any reason, the provisions of this Agreement that by their nature survive termination will continue
to apply.

 

    	5

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

5.
Compensation. 

 

All
out-of-pocket expenses incurred by Licensee in the process of referring a Prospect and meeting its obligations under this Agreement are
the sole responsibility of the Licesee. On a monthly basis, on Licesee’s monthly billing date, GDSA shall credit Licesee’s
bank account with the Licensee Fee payable to Licensee in respect of all Service Fee Revenue actually received by GDSA from an End User
referred by Licensee in accordance with this Agreement. Licensee Fees shall not be payable in connection with any End User whose right
to make use of the Plan Offering has been terminated by GDSA, in its discretion. Licensee Fees shall be credited against storage fees
payable by Licensee in connection with Licesee’s own use of the Plan Offering. All payments to Licensee in principle shall be paid
once per month as GDSA needs to have free and clear payment from End User’s credit card processing.

 

Service
Fee Revenue shall be paid, if at all, by the last day of the month following the date that GDSA actually receives payment for a Plan
Offering (which payment shall be made on the last day of such month). By way of example, if a Service Fee Revenue payment is on January
10, GDSA would expect to receive payment on or about February 9 (30 days after first payment) and would expect to pay the Licensee on
or about March 31st.

 

Licensee
has also the option of collecting funds directly from End User. In this case, payment to GDSA is due ten (10) calendar days from receiving
electronic invoice from GDSA and any late payment older than twenty (20) calendar days shall be ground for suspension of all accounts.
Invoices shall be sent at the end of each calendar month. Failure of Licenseeto receive GDSA invoice shall not constitute an excuse for
non payment to GDSA for Services rendered.

 

Payments
from Licensee to GDSA shall commence for sales started from January 1st 2018.

 

6.
Representations of the Parties. 

 

Each
party represents that it has the right to enter into this Agreement. GDSA DISCLAIMS ALL OTHER REPRESENTATIONS OR WARRANTIES OR CONDITIONS,
EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OR CONDITIONS OF MERCHANTABILITY, MERCHANTABLE QUALITY AND FITNESS FOR
A PARTICULAR PURPOSE.

  

7.
Confidential Information. 

 

GDSA
and Licensee acknowledge that during the course of this Agreement, it may acquire information regarding the other Party (“Disclosure
Party”) or its affiliates, its business activities and operations or those of its customers and suppliers, and its trade secrets
including without limitation its customer lists, prospective customers, rates, network configuration, traffic volume, financial information,
computer software, service, processes, methods, knowledge, research, development or other information of a confidential and proprietary
nature (hereinafter “Confidential Information”). GDSA and Licensee (“Receiving Party”), who receive the Confidential
Information shall hold such information in strict confidence and shall not reveal the same, except for any information which is: (a)
generally available to or known to the public; (b) known to such party prior to the negotiations leading to this Agreement; (c) independently
developed by such party outside the scope of this Agreement; or (d) lawfully disclosed by or to a third party or tribunal. The Receiving
Party may disclose the Confidential Information pursuant to any judicial or governmental request, requirement or order provided, however,
The Receiving Party takes all necessary steps to provide prompt and sufficient notice to the Disclosure Party so that the Disclosure
Party may contest such request, requirement or order. The Confidential Information of the Disclosure Party shall be safeguarded by the
Receiving Party to the same extent that it safeguards its own confidential materials or data relating to its own business and the Receiving
Party agrees to limit access to such Confidential Information to employees, agents or representatives who have a need to know such information
in order to perform the obligations set forth in this Agreement and further the matter of mutual interest described herein. The parties
agree that an impending or existing violation of these confidentiality provisions would cause the Disclosure Party irreparable injury
for which it would have no adequate remedy at law, and agree that the Disclosure Party may be entitled to obtain immediate injunctive
relief prohibiting such violation, in addition to any rights and remedies available to it. The Receiving Party shall keep Confidential
Information in strict confidence and shall not disclose it to any third party. The Receiving Party’s internal disclosure of Confidential
Information shall be only to those employees having a need to know such information in connection with this Agreement and only insofar
as such persons are bound by a nondisclosure agreement consistent to this Agreement. The Receiving Party shall only use Confidential
Information provided to it for purposes of reselling the Plan Offerings in accordance with this Agreement. The Receiving Party shall
promptly notify the Disclosure Party of any unauthorized disclosure or use of Confidential Information by any person.

 

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GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

GDSA
guarantees that no data stored by End User in GDSA’s data centre shall be used for any purpose. GDSA has no access to its End User
stored data in its data centre. This is a firm company policy and has been firmly rooted into GDSA’s software architecture. Exception
to this rule is only made in the event of a serious technical issue and at the demand of the End User for GDSA to try to remedy the technical
situation, should there be one.

 

8.
Waranty and Limitation of Liability and Disclaimer of Liability. 

 

Services
provided by GDSA hereunder shall be performed in a professional and workmanlike manner and shall substantially conform with the description
of Services set forth in the Plan Offerings selected by End User for the duration of the Agreement and any renewals thereof. Should GDSA
or Licensee breach this warranty, End User shall so notify Licensee in writing, and Licensee shall use reasonable diligence to remedy
such breach within ten (10) days of receipt of End User’s notice.

 

GDSA
WARRANTS THAT ALL DATA STORED IN ITS DATA CENTRE IN SWITZERLAND ARE 99.999% AVAILABLE AT ALL TIME. GDSA ALSO WARRANTS THAT NO ONE IN
GDSA WILL ACCESS END USERS DATA STORED IN GDSA DATA CENTRE.

 

EXCEPT
AS PROVIDED IN THIS PARAGRAPH, ALL SERVICES ARE DELIVERED WITHOUT WARRANTY OF ANY KIND, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
TITLE, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT OF PROPRIETARY RIGHTS AND ANY WARRANTIES REGARDING
THE SECURITY, RELIABILITY, TIMELINESS, AND PERFORMANCE OF THE SOFTWARE. IN NO EVENT SHALL GDSA BE LIABLE TO LICENSEEOR END USER FOR ANY
AMOUNT IN EXCESS OF THE FEES ACTUALLY PAID BY END USER TO LICENSEEFOR THE PRECEDING THREE MONTHS FOR SERVICES PROVIDED HEREUNDER. IF
THE SOFTWARE AND SERVICES ARE PROVIDED WITHOUT CHARGE, THEN GDSA SHALL HAVE NO LIABILITY TO LICENSEEOR END USER WHATSOEVER. IN NO EVENT
SHALL GDSA BE LIABLE TO LICENSEEAND/OR END USER FOR DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, INCLUDING, WITHOUT
LIMITATION, LOSS OF PROFITS OR INTERRUPTION OF BUSINESS, LOSS OF DATA, CORRUPTION OF DATA, WHETHER SUCH DAMAGES ARE ALLEGED IN TORT,
CONTRACT, INDEMNITY.

 

LICENSEE
AND END USER UNDERSTAND AND AGREE THAT LICENSEE AND END USER DOWNLOAD AND/OR USE THE SOFTWARE AND SERVICE MADE AVAILABLE IN CONJUNCTION
WITH OR THROUGH THE SOFTWARE OR SERVICE, AT LICENSEE AND END USER OWN DISCRETION AND RISK AND THAT LICENSEE AND END USER WILL BE SOLELY
RESPONSIBLE FOR ANY DAMAGES TO LICENSEE AND END USER COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OR USE OF THE SOFTWARE
OR SERVICE.

 

THE
FOREGOING LIMITATIONS OF LIABILITY SHALL APPLY WHETHER THE DAMAGES ARISE FROM USE OR MISUSE OF AND RELIANCE ON THE SOFTWARE OR SERVICE,
FROM INABILITY TO USE THE SOFTWARE OR SERVICE, OR FROM THE INTERRUPTION, SUSPENSION, OR TERMINATION OF THE SOFTWARE OR SERVICE (INCLUDING
SUCH DAMAGES INCURRED BY THIRD PARTIES). SUCH LIMITATION SHALL APPLY NOTWITHSTANDING A FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY
AND TO THE FULLEST EXTENT PERMITTED BY LAW.

 

THE
SOFTWARE AND SERVICE ARE NOT INTENDED FOR USE IN CONNECTION WITH ANY INHERENTLY DANGEROUS APPLICATION THAT COULD RESULT IN DEATH, PERSONAL
INJURY, CATASTROPHIC DAMAGE, OR MASS DESTRUCTION, AND LICENSEEAGREES THAT GDSA WILL HAVE NO LIABILITY OF ANY NATURE AS A RESULT OF ANY
SUCH USE OF THE SOFTWARE.

 

The
foregoing limitations include and apply to, without limitation, any liability arising out of the performance or failure to perform of
any hardware, software, or Internet connection, from any errors, omissions, interruptions in or failure to provide Internet service;
from interruptions in web page availability; from the consequences of computer viruses transferred over the Internet or otherwise; or
from communication line failure, breach of security due to use of the Internet, or any loss of information or confidentiality due thereto.

 

    	7

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

9.
Status of the Parties. 

 

It
is expressly understood that the parties hereto are acting hereunder as independent contractors and under no circumstances shall any
of the employees of one party be deemed to be employees of the other for any purpose. Nothing contained herein will in any way constitute
any association, partnership, employment arrangement or joint venture between the Parties hereto, or be construed to evidence the intention
of the Parties to establish any such relationship. Neither Party will have the power to bind the other Party or incur obligations on
the other Party’s behalf without the other Party’s prior written consent. This Agreement shall not be construed as authority
for either party to act on behalf of the other party in any agency or other capacity or to make commitments of any kind for the account
of or on behalf of the other party except to the extent and for the purposes expressly provided for and set forth herein. Licensee agrees
to be solely responsible for all costs related to its performance under this Agreement.

 

10.
Miscellaneous.

 

10.1
Governing Law and Jurisdiction.

 

This
Agreement shall be governed by the laws of the Republic and Canton of Geneva, Switzerland and the laws of Switzerland applicable therein.
The convention on the International Sale of Goods shall not apply to this Agreement and is hereby disclaimed.

 

10.2
Severability.

 

If
for any reason any provision of this Agreement shall be held by a court of competent jurisdiction to be invalid or unenforceable, the
remaining provisions of this Agreement shall remain in full force and effect.

 

10.3
Successors.

 

This
Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns.

 

10.4
Notices.

 

Any
Notice which either Party hereto may be required or permitted to give to the other Party shall be in writing, and may be delivered personally,
by private express courier, by registered, express or certified mail with postage prepaid, by fax or by email, subject to verbal confirmation
that such fax or email was received. Any Notice provided to GDSA shall be delivered to GDSA at the following address: Rue du Rhône,
14 Geneva, GE-1204, Switzerland, Attention: CEO or via email at : sales@globexdata.ch. Any Notice provided to Licensee shall be delivered
to Licensee at the address set out in the registration information provided by Licesee. Either Party to this Agreement may change its
address for purposes of receipt of Notice by providing written Notice of such future change, utilizing the procedures stated herein.

 

10.5
Further Actions.

 

Each
of the Parties agrees that it shall hereafter execute and deliver such further instruments and do such further acts and things as may
be required or useful to carry out the intent and purpose of this Agreement and as are consistent with the terms hereof.

 

10.6
Assignment.

 

This
Agreement and the appointment of Licensee by GDSA hereunder are personal to Licensee and Licensee shall not have the right or ability
to assign or transfer this Agreement (whether by operation of law or otherwise) or subcontract any obligations under this Agreement without
the prior written consent of GDSA and any attempted assignment, transfer or subcontracting, without such prior written consent shall
be null and void. GDSA may assign or transfer this Agreement or subcontract its obligations under this Agreement without the consent
of Licesee. In the case of any merger or transfer in Licesee’s corporate structure, GDSA shall decide at that point to transfer,
renew or terminate the License Agreement. GDSA shall not transfer such license to companies it deems as potential competitors to GDSA.

 

    	8

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

10.7
Changes to the GlobeX Data SA Secure Cloud Services Licensee Agreement and Program.

 

This
Agreement is subject to the terms and conditions of GDSA’s GlobeX Data SA Secure Cloud Services Licensee Agreement and Program
(the “Program”). GDSA reserves the right to make prospective changes to the Program at any time and at its sole discretion
upon written notice to Licesee. Changes may include but are not limited to changing the Plan Offering Fees, or the discontinuation of
the Program.

 

10.8
Entire Agreement.

 

This
Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior
understandings or agreements between the Parties with respect to such subject matter.

 

10.9
Set-off.

 

GDSA
shall have the right to satisfy any amount from time to time owing by it to Licensee by way of set-off against any amount from time to
time owing by Licensee to GDSA under this Agreement or in respect of any other obligation of Licenseeto GDSA. If Licensee collects funds
directly from End User, this clause does not apply.

 

10.10
Language.

 

The
Parties hereby express their wish that this contract and all related documents be drawn up in English.

 

10.11
Beta Service.

 

Licensee
acknowledges and agrees that from time to time new and upgraded features and releases shall be offered as a beta version of such Plan
Offerings (“Beta Service”) and as such: (a) Licensee acknowledges that the Beta Service is not at the level of performance
and compatibility of a final, generally released product offering and may not operate properly, may contain “bugs”, and may
be substantially modified by GDSA prior to commercial release; (b) Licesee’s license to or ability to make use of such Beta Service
pursuant to this Agreement expires upon availability of a commercial release of that Beta Service from GDSA and (c) Licensee agrees that
such Beta Service is provided “as is, where is” without warranty or condition of any kind and GDSA disclaims any liability
obligations to Licensee or any End User or any third party of any kind with respect to such Beta Service. Licensee acknowledges that
GDSA has not made any representations, promises or guarantees that the Beta Service will ever be announced or made available to anyone
in the future. Licensee will be asked to provide feedback regarding the Beta Service and Licensee hereby grants to GDSA a perpetual,
royalty-free worldwide license to use and/or incorporate such feedback into any GDSA product or service (including the Beta Service)
at any time at the sole discretion of GDSA.

 

10.11
General Provisions Indemnification.

 

Licesee,
at its own expense, shall defend, indemnify, and hold harmless GDSA, its agents, affiliates, successors, and assigns with respect to
any claim or action brought against Licesee, its agents, affiliates, successors, and assigns arising out of or in connection with the
operation, condition, or content of End User’s web page, web site, or other Internet graphical or non-graphical interface; any
use of Internet facilities conducted or permitted by End User; the conduct of any business, advertising, marketing, or sales in connection
therewith; and any negligent or illegal act or omission of End User or any of its agents, contractors, servants, employees, or other
users or accesses. Licensee shall promptly notify GDSA of any such claim, shall provide reasonable assistance in connection with the
defense and/or settlement thereof, and shall permit GDSA to control the defense and/or settlement thereof. If notified of any allegedly
infringing, defamatory, damaging, obscene, illegal, or offensive use or activity, Licensee may (but shall not be required to) investigate
the allegation, or refer it to End User or a third party for investigation, and GDSA reserves the right to remove or request the removal
of the applicable content from the Web page or any other text or item linked to the Internet. If End User refuses such request, Licensee
may, at its option, immediately remove the subject Web page or other text or item from the Internet, suspend the Services provided hereunder,
or terminate this Agreement. GDSA shall not be liable for any damages incurred by End User as a result of such action.

 

    	9

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

10.12
Waiver.

 

The
failure of either party to give notice of default or to enforce compliance with any of the terms or conditions of this Agreement, the
waiver of any term or condition of this Agreement, or the granting of an extension of time for performance, will not constitute a permanent
waiver of any term or condition of this Agreement, and this Agreement and each of its provisions will remain at all times in full force
and effect until modified by both parties in writing.

 

10.13
Amendment and Modification.

 

This
Agreement shall not be valid until signed and accepted by a signatory duly authorized to legally bind the parties hereto. No change,
amendment, modification, termination or attempted waiver of any of the provisions set forth herein shall be binding unless made in writing
and signed by a duly authorized representative of both parties hereto, and no representation, promise, inducement or statement of intention
has been made by either party which is not embodied herein.

 

10.14
Notices.

 

Any
notice, approval, request, authorization, direction or other communication under this Agreement will be given in writing and will be
deemed to have been delivered and given for all purposes upon receipt only when mailed first class mail or by nationally recognized overnight
courier service, duly addressed and with proper postage, to the address set forth below or such other address as may be provided by the
other party in writing for the purpose of receiving such notices including email. All notices required under this Agreement shall be
addressed as follows:

 

If
to GDSA:

 

GlobeX
Data SA, Rue du Rhône, 14, Geneva, GE-1204, Switzerland.

Email
: sales@globexdata.ch

 

If
to Licesee:

 

GlobeX
Data Ltd., 900-1021 West Hastings Street, Vancouver, BC V6E 0C3, Canada.

Email
: corporate@globexdatagroup.com

 

10.15
Severability.

 

If
any provision of this Agreement is held invalid or otherwise unenforceable, the enforceability of the remaining provisions shall not
be impaired thereby and, in such an event such provisions shall be interpreted so as to best accomplish the intent of the parties within
the limits of applicable law.

 

10.16
Counterparts.

This
Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which taken together will constitute
on and the same instrument.

 

10.17
Entire Agreement.

 

This
Agreement, including any exhibits attached hereto if any, sets forth the entire agreement and understanding of the parties hereto and
supersedes and merges any and all prior proposals, negotiations, representations, agreements, arrangements or understandings, both oral
and written, relating to the subject matter hereof. The parties hereto have not relied on any proposal, negotiation or representation,
whether written or oral, that is not expressly set forth herein.

 

SIGNATURE
PAGE FOLLOWS

 

    	10

    	 

    

 

GlobeX
                                            Data SA® Secure Cloud Services 

Licensee
License Agreement and Program

 

IN
WITNESS WHEREOF the parties hereto have entered into this Agreement as of the date first above written.

 

	FOR
    GDSA:	GlobeX
    Data S.A. with Registry No. CH-660-2009007-7

 

By
its authorised signatory:

 

Name:
Alain Ghiai

Title:
CEO

Date:
May 7th 2017

 

	FOR
    LICESEE:	Globex
    Data Ltd., with Registration No. BC1109261

 

By
its authorized signatory:

 

Name:
Henry Sjöman

Title:
Director

Date:
May 7th 2017

 

    	11Exhibit
10.3

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT dated as of March 30, 2018 (herein referred to as this “Agreement”) is entered
into by Alain Ghiai (the “Seller”), GlobeX Data, Inc. a Delaware corporation (“GlobeX US”), and GlobeX Data Ltd.,
a British Columbia corporation (the “Purchaser”).

 

WHEREAS:

 

	A.	The
                                            Seller is the beneficial and registered holder of a total of 1,500 shares of common stock
                                            of GlobeX US (the “GlobeX US Shares”); and
	 	 
	B.	The
                                            Purchaser wishes to purchase from the Seller, and the Seller wish to sell to the Purchaser,
                                            the GlobeX US Shares upon the terms and conditions set forth in this Agreement;

 

NOW
THEREFORE, in consideration of the premises and mutual covenants and agreements contained in this Agreement and other valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1. INTERPRETATION

 

		(a)	Definitions.
                                            In this Agreement and in the Schedules hereto, unless specifically stated otherwise, and
                                            in addition to any of the defined terms set out in the preamble above, the following terms
                                            and expressions will have the following meanings:
	 	 	 
		(b)	“Affiliate”
                                            means, with respect to any Person, any other Person that, directly or indirectly, controls,
                                            or is controlled by, or is under common control with, that Person.
	 	 	 
		(c)	“Closing”
                                            means the closing of the transactions contemplated in this Agreement.
	 	 	 
		(d)	“Closing
                                            Date” has the meaning set forth in Section 4.1.
	 	 	 
		(e)	“Closing
                                            Deadline” has the meaning set forth in Section 4.1.
	 	 	 
		(f)	“Consideration
                                            Shares” has the meaning set forth in Section 2.1.
	 	 	 
		(g)	“Encumbrances”
                                            means any charge, claim, community or other marital property interest, condition, equitable
                                            interest, lien, option, pledge, security interest, mortgage, escrow, right of way, easement,
                                            encroachment, servitude, pre-emptive right, right of first option, right of first refusal
                                            or similar restriction, including any restriction on use, voting (in the case of any security
                                            or equity interest), transfer, receipt of income or exercise of any other attribute of ownership.
	 	 	 
		(h)	“GlobeX
                                            Canada Shares” means the common shares of the Purchaser, without par value.
	 	 	 
		(i)	“Material
                                            Adverse Effect” means a material adverse effect on the results of operations, assets,
                                            business, prospects or condition (financial or otherwise) of GlobeX US or the Purchaser (as
                                            the context may require).
	 	 	 
		(j)	“Material
                                            Adverse Change” shall mean any change that could reasonably be expected to result in
                                            a Material Adverse Effect.
	 	 	 
		(k)	“GlobeX
                                            US Shares” shares of common stock of GlobeX Data, Inc.
	 	 	 
		(l)	“Person”
                                            means an individual or corporation, partnership, trust, incorporated or unincorporated association,
                                            joint venture, limited liability company, limited partnership, limited liability partnership,
                                            joint stock company, government (or agency or subdivision thereof) or other entity of any
                                            kind.
	 	 	 
		(m)	“Proceeding”
                                            means any action, arbitration, audit, hearing, investigation, litigation or suit (whether
                                            civil, criminal, administrative, judicial or investigative, whether formal or informal, whether
                                            public or private) commenced, brought, conducted or heard by or before, or otherwise involving,
                                            any court, governmental body or arbitrator.

 

    	 

     

    

 

2. PURCHASE
AND SALE OF GLOBEX US SHARES

 

2.1. Purchase
and Sale of Principal Shares. At the Closing provided for in Section 3.1, the Seller will sell to the Purchaser, and the Purchaser
will purchase from the Seller, 1,500 GlobeX US Shares and the Purchaser will issue 25,000,000 common shares of the Purchaser (the “Consideration
Shares”).

 

3. CONDITIONS
OF CLOSING

 

3.1. Conditions
Precedent in Favor of the Seller. The obligations of the Seller hereunder in connection with the Closing are subject to the following
conditions precedent being met:

 

		(a)	each
                                            of the respective representations and warranties of the Purchaser contained in this Agreement
                                            or in any other certificate or document delivered by the Purchaser to the Seller pursuant
                                            hereto shall be substantially true and correct as of the date hereof and as of the Closing
                                            Date;
	 	 	 
		(b)	between
                                            the date hereof and the Closing Date, there shall have been no Material Adverse Change in
                                            the affairs, assets, liabilities or financial condition of the Purchaser; and
	 	 	 
		(c)	all
                                            obligations, covenants and agreements of the Purchaser required to be performed at or prior
                                            to the Closing Date shall have been performed.

 

3.2. Conditions
Precedent in Favor of the Purchaser. The obligations of the Purchaser hereunder in connection with the Closing are subject to the
following conditions being met:

 

		(a)	between
                                            the date hereof and the Closing Date, there shall have been no Material Adverse Change in
                                            the affairs, assets, liabilities or financial condition of GlobeX US;
	 	 	 
		(b)	each
                                            of the respective representations and warranties of the Seller and GlobeX US contained in
                                            this Agreement or in any other certificate or document delivered by the Seller or GlobeX
                                            US to the Purchaser pursuant hereto shall be substantially true and correct as of the date
                                            hereof and as of the Closing Date; and
	 	 	 
		(c)	all
                                            obligations, covenants and agreements of the Seller and GlobeX US required to be performed
                                            at or prior to the Closing Date shall have been performed

 

4. CLOSING
ARRANGEMENTS

 

4.1. Closing.
Subject to the satisfaction or waiver of all of the conditions precedent to Closing as set out in this Agreement, Closing of the transactions
contemplated herein shall take place at such place and time on the Closing Date as may be agreed to by the parties hereto. The Closing
Date shall be such date as is agreed upon by the parties hereto, but shall be no later than 5:00 PM (Pacific Time) on ___________ (the
“Closing Deadline”). Unless otherwise agreed to by each of the parties hereto, if Closing does not occur on or before the
Closing Deadline, this Agreement shall automatically be terminated and of no further force.

 

4.2. Closing
Deliveries of the Seller and GlobeX US. On or prior to the Closing Date, the Seller and GlobeX US shall deliver or cause to be delivered
to the Purchaser with a copy of the central securities register of GlobeX US indicating that the GlobeX US Shares have been registered
in the name of the Purchaser. At the Purchaser’s request GlobeX US shall provide a copy of a share certificate evidencing the Purchaser’s
ownership of the GlobeX US Shares.

 

4.3. Closing
Deliveries of the Purchaser. On or prior to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Seller
and GlobeX US with a copy of the central securities register of the Seller indicating that the Consideration Shares have been registered
in the name of the Seller name of the Seller or their designate(s). At the Seller’s request the Purchaser shall provide a copy
of a share certificate evidencing the Seller’s ownership of the Consideration Shares.

 

    	 

     

    

 

5. WARRANTIES,
REPRESENTATIONS AND COVENANTS

 

5.1. Representations,
Warranties and Covenants of GlobeX US and the Seller. The Seller and GlobeX US collectively represent, warrant and covenant to and
with the Purchaser as follows, and acknowledge that the Purchaser is relying upon such representations, warranties and covenants in entering
into this Agreement and the transactions contemplated hereby:

 

		(a)	Subsidiaries
                                            of GlobeX US. GlobeX US does not have any subsidiaries or agreements of any nature to
                                            acquire any subsidiary or to acquire or lease any other business operations and will not,
                                            prior to Closing, acquire, or agree to acquire, any subsidiary or other business without
                                            the prior written consent of the Purchaser.
	 	 	 
		(b)	Organization
                                            and Qualification of GlobeX US. GlobeX US is an entity duly incorporated or otherwise
                                            organized, validly existing and in good standing under laws of the State of Delaware, with
                                            the requisite power and authority to own and use its properties and assets and to carry on
                                            its business as currently conducted. GlobeX US has the requisite corporate power and authority
                                            to enter into and to consummate the transactions contemplated by this Agreement and otherwise
                                            to carry out its obligations hereunder and thereunder.
	 	 	 
		(c)	No
                                            Conflicts - GlobeX US. The execution, delivery and performance by GlobeX US of this Agreement,
                                            the sale and purchase of the GlobeX US Shares by the Seller to the Purchaser and the consummation
                                            by them of the transactions contemplated hereby and thereby do not and will not: (i) conflict
                                            with or violate any provision of GlobeX US’s certificate or articles of incorporation
                                            or other organizational or charter documents, (ii) conflict with, or constitute a default
                                            (or an event that with notice or lapse of time or both would become a default) under, result
                                            in the creation of any Encumbrances upon any of the properties or assets of GlobeX US, or
                                            give to others any rights of termination, amendment, acceleration or cancellation (with or
                                            without notice, lapse of time or both) of, any agreement, credit facility, debt or other
                                            instrument (evidencing a GlobeX US debt or otherwise) or other understanding to which GlobeX
                                            US is a party or by which any property or asset of GlobeX US is bound or affected, or (iii)
                                            conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction,
                                            decree or other restriction of any court or governmental authority to which GlobeX US is
                                            subject (including federal and provincial securities laws and regulations), or by which any
                                            property or asset of GlobeX US is bound or affected; except in the case of each of clauses
                                            (ii) and (iii), such as could not have or reasonably be expected to result in a Material
                                            Adverse Effect.
	 	 	 
		(d)	Filings,
                                            Consents and Approvals - GlobeX US. GlobeX US is not required to obtain any consent,
                                            waiver, authorization or order of, give any notice to, or make any filing or registration
                                            with, any court or other federal, provincial, state, local or other governmental authority
                                            or other Person in connection with the execution, delivery and performance by GlobeX US of
                                            the transactions contemplated by this Agreement.
	 	 	 
		(e)	Minute
                                            Books – GlobeX US. GlobeX US has delivered to the Purchaser true, accurate, correct
                                            and complete copies of each of the minute books of GlobeX US, including, but not limited
                                            to, the articles and other constating documents of GlobeX US, current as to the date hereof,
                                            and copies of the minutes of all meetings, all written consent resolutions passed by, the
                                            directors and shareholders of GlobeX US from the date of GlobeX US’s incorporation
                                            to the date hereof. The meetings of the shareholders and directors referred to in such minute
                                            books were duly called and held, and the resolutions appearing in such minute books were
                                            duly adopted. The signatures appearing on all documents contained in such minute books are
                                            the true signatures of the Persons purporting to have signed the same.
	 	 	 
		(f)	Capitalization
                                            – GlobeX US. The authorized capital of GlobeX US consists of an unlimited number
                                            of Common shares of which 1,500 common shares, without par value (the “Outstanding
                                            GlobeX US Shares”) are, as of the date of this Agreement, issued and are outstanding.
                                            Each of the Outstanding GlobeX US Shares has been duly and validly issued, are fully paid
                                            and non-assessable and are free and clear of all Encumbrances other than restrictions on
                                            transfer as required under applicable securities laws or the constating documents of GlobeX
                                            US. Other than pursuant to this Agreement no Person has any agreement or option, including
                                            convertible securities, warrants, convertible obligations of any nature, or any right or
                                            privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or
                                            option for the purchase, subscription, allotment or issuance of any of the unissued shares
                                            in the capital of GlobeX US. There are no shareholder agreements, voting agreements or other
                                            similar agreements with respect to GlobeX US’s capital stock to which GlobeX US or
                                            the Seller are a party. GlobeX US will not, without the prior written consent of the Purchaser,
                                            issue any additional shares from and after the date hereof to the Closing Date or create
                                            any options, warrants or rights for any Person to subscribe for any unissued shares in the
                                            capital of GlobeX US, other than pursuant to this Agreement.

 

    	 

     

    

 

		(g)	Authorization;
                                            Enforcement – Seller. This Agreement upon delivery will be, duly executed by the
                                            Seller and, when delivered in accordance with the terms hereof and thereof, will constitute
                                            the valid and binding obligation of the Seller enforceable against the Seller in accordance
                                            with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy,
                                            insolvency, reorganization, moratorium and other laws of general application affecting enforcement
                                            of creditors’ rights generally, (ii) as limited by laws relating to the availability
                                            of specific performance, injunctive relief or other equitable remedies and (iii) insofar
                                            as indemnification and contribution provisions may be limited by applicable law.
	 	 	 
		(h)	No
                                            Conflicts - Seller. The execution, delivery and performance by the Seller of this Agreement
                                            the sale and purchase of the GlobeX US Shares by the Seller to the Purchaser and the consummation
                                            by it of the transactions contemplated hereby and thereby do not and will not: (i) conflict
                                            with, or constitute a default (or an event that with notice or lapse of time or both would
                                            become a default) under, result in the creation of any Encumbrances upon any of the properties
                                            or assets of the Seller or give to others any rights of termination, amendment, acceleration
                                            or cancellation (with or without notice, lapse of time or both) of, any agreement, credit
                                            facility, debt or other instrument (evidencing a debt of the Seller or otherwise) or other
                                            understanding to which the Seller is a party or by which any property or asset of the Seller
                                            is bound or affected, or (ii) conflict with or result in a violation of any law, rule, regulation,
                                            order, judgment, injunction, decree or other restriction of any court or governmental authority
                                            to which the Seller is subject (including federal and provincial securities laws and regulations),
                                            or by which any property or asset of the Seller is bound or affected; except in the case
                                            of each of clauses (i) and (ii), such as could not have or reasonably be expected to result
                                            in a Material Adverse Effect.
	 	 	 
		(i)	Filings,
                                            Consents and Approvals - Seller. The Seller is not required to obtain any consent, waiver,
                                            authorization or order of, give any notice to, or make any filing or registration with, any
                                            court or other federal, state, local or other governmental authority or other Person in connection
                                            with the execution, delivery and performance by the Seller of the transactions contemplated
                                            by this Agreement.
	 	 	 
		(j)	Ownership
                                            of GlobeX US Shares. The Seller, holding 100% of the Outstanding GlobeX US Shares, is
                                            the sole legal and recorded owner of the GlobeX US Shares are the sole beneficial owners
                                            of the Outstanding GlobeX US Shares, with good and marketable title thereto, free and clear
                                            of all Encumbrances other than restrictions on transfer as required under applicable securities
                                            laws or the constating documents of GlobeX US.:
	 	 	 
		(k)	Reporting
                                            Issuer Status – GlobeX US. GlobeX US is not a “reporting issuer” under
                                            the securities laws of any jurisdiction in Canada or the U.S. and is not, to the best of
                                            GlobeX US’s and the Seller’s knowledge, after reasonable investigation, required
                                            to file periodic or other reports under the securities laws of any other applicable jurisdiction.
	 	 	 
		(l)	Books
                                            and Records – GlobeX US. GlobeX US keeps its books, records and accounting (including,
                                            without limitation, those kept for financial reporting and tax purposes) in sufficient detail
                                            to present fairly the transactions and dispositions of its assets, liabilities and equities.
                                            GlobeX US has not engaged in any transaction, maintained any bank account, or used any funds
                                            except for transactions, bank accounts and funds that have been and are reflected in the
                                            normally maintained books, records and accounts of GlobeX US.
	 	 	 
		(m)	Litigation
                                            - GlobeX US. There is no current or pending Proceeding, and to the knowledge of GlobeX
                                            US and the Seller no Proceeding has been threatened, against or affecting GlobeX US or any
                                            of its properties or assets which (i) adversely affects or challenges the legality, validity
                                            or enforceability of any this Agreement or the GlobeX US Shares or (ii) could, if there were
                                            an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect
                                            in relation to GlobeX US or the GlobeX US Shares. Neither GlobeX US, nor any director or
                                            officer thereof, is or has been the subject of any Proceeding involving a claim of violation
                                            of or liability under any applicable laws or a claim of breach of fiduciary duty. There has
                                            not been, and to the knowledge of GlobeX US or the Seller, there is no pending or contemplated,
                                            any investigation by any governmental authority involving GlobeX US or any current or former
                                            director or officer of GlobeX US. No provincial or foreign securities authority has issued
                                            any cease trade or similar order with respect to the GlobeX US Shares.

 

    	 

     

    

 

		(n)	Litigation
                                            - Seller. There is no current or pending Proceeding, and to the knowledge of GlobeX US
                                            and the Seller no Proceeding has been threatened, against or affecting the Seller or any
                                            of their properties or assets which (i) adversely affects or challenges the legality, validity
                                            or enforceability of this Agreement or the GlobeX US Shares or (ii) could, if there were
                                            an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect
                                            in relation to GlobeX US or the GlobeX US Shares.
	 	 	 
		(o)	Compliance
                                            - GlobeX US. GlobeX US is not: (i) in default under or in violation of (and no event
                                            has occurred that has not been waived that, with notice or lapse of time or both, would result
                                            in a default by GlobeX US under), nor has GlobeX US received notice of a claim that it is
                                            in default under or that it is in violation of, any indenture, loan or credit agreement or
                                            any other agreement or instrument to which it is a party or by which it or any of its properties
                                            is bound (whether or not such default or violation has been waived), (ii) is in violation
                                            of any judgment, decree, or order of any court, arbitrator or other governmental authority
                                            or (iii) is or has been in violation of any statute, rule, ordinance or regulation of any
                                            governmental authority, including without limitation all foreign, federal, provincial and
                                            local laws relating to taxes, environmental protection, occupational health and safety, product
                                            quality and safety and employment and labor matters, except in each case as could not have
                                            or reasonably be expected to result in a Material Adverse Effect.
	 	 	 
		(p)	Regulatory
                                            Permits. GlobeX US possesses all certificates, authorizations and permits issued by the
                                            appropriate federal, provincial, local or foreign regulatory authorities necessary to carry
                                            on its business as currently conducted, except where the failure to possess such permits
                                            could not reasonably be expected to result in a Material Adverse Effect (“Material
                                            Permits”), and neither GlobeX US nor the Seller have received any notice of proceedings
                                            relating to the revocation or modification of any Material Permit.
	 	 	 
		(q)	Title
                                            to Assets. GlobeX US has good and marketable title in all personal property owned by
                                            it that is material to the business of GlobeX US, in each case free and clear of all Encumbrances,
                                            (i) any other Encumbrances as do not materially affect the value of such property and do
                                            not materially interfere with the use made and proposed to be made of such property by GlobeX
                                            US; and (ii) Encumbrances for the payment of federal, provincial, state or other taxes, for
                                            which appropriate reserves have been made therefor in accordance with International Financial
                                            Reporting Standards and the payment of which is neither delinquent nor subject to penalties.
                                            Any real or personal property and facilities held under lease by GlobeX US is held by GlobeX
                                            US under valid, subsisting and enforceable leases with which GlobeX US is in material compliance
                                            and/or mutually agreed upon arrangements have been reached with the landlord.
	 	 	 
		(r)	Transactions
                                            with Affiliates and Employees. None of the officers, directors or any Affiliate of GlobeX
                                            US or the Seller, and to the knowledge of GlobeX US and the Seller, none of the employees
                                            of GlobeX US or the Seller, is/are presently a party to any transaction with GlobeX US (other
                                            than, in the case of an employee, officer or director, for services as an employee, officer
                                            or director or via a corporation controlled by such officer or director) including, without
                                            limitation, any contract, agreement or other arrangement providing for the furnishing of
                                            services to or by, providing for the rental of real or personal property, to or from, providing
                                            for the borrowing of money to or otherwise requiring payments to or from any such officer,
                                            director, employee or Affiliate or, to the knowledge of GlobeX US and the Seller, any entity
                                            in which any officer, director, employee or Affiliate has a substantial interest or is an
                                            officer, director, trustee, stockholder, member or partner.
	 	 	 
		(s)	Solvency
                                            - GlobeX US. GlobeX US and the Seller have no knowledge of any facts or circumstances
                                            currently in existence which lead them to believe that GlobeX US will file for reorganization
                                            or liquidation under the bankruptcy or reorganization laws of any jurisdiction within two
                                            years from the Closing Date.
	 	 	 
		(t)	Tax
                                            Status. For purposes of this Section 5.1(u), “taxes” shall mean any and all
                                            federal, provincial, state, local or foreign taxes, charges, levies, fees, imposts, duties
                                            or other assessments, including any interest, penalties and additions imposed thereon.

 

		(i)	As
                                            of the date hereof, (A) GlobeX US has timely filed all tax returns in connection with any
                                            taxes which are required to be filed on or prior to the date hereof, taking into account
                                            any extensions of the filing deadlines which have been validly granted to them; and (B) all
                                            such returns are true and correct in all material respects.

 

    	 

     

    

 

		(ii)	GlobeX
                                            US has paid all taxes that have become or are due with respect to any period ended on or
                                            prior to the date hereof, and have established an adequate reserve therefore on its balance
                                            sheet for those taxes not yet due and payable.
	 	 	 
		(iii)	GlobeX
                                            US is not presently under and have not received notice of, any contemplated investigation
                                            or audit by the Canada Revenue Agency or any foreign or provincial taxing authority concerning
                                            any fiscal year or period ended prior to the date hereof.
	 	 	 
		(iv)	All
                                            taxes required to be withheld on or prior to the date hereof from employees for income taxes,
                                            social security taxes, unemployment taxes and other similar withholding taxes have been properly
                                            withheld and, if required on or prior to the date hereof, have been deposited with the appropriate
                                            governmental agency.

 

		(u)	Guarantees
                                            of Indebtedness. GlobeX US has not guaranteed any dividend, obligation or indebtedness
                                            of any other Person, nor has any other Person guaranteed any dividend, obligation or indebtedness
                                            of GlobeX US.

 

5.2. Reliance
on Exemptions from Prospectus Requirements. The Seller acknowledges that:

 

		(a)	No
                                            securities commission or similar regulatory authority has reviewed or passed on the merits
                                            of the Consideration Shares.
	 	 	 
		(b)	There
                                            is no government or other insurance covering the Consideration Shares.
	 	 	 
		(c)	There
                                            are risks associated with the purchase of the Consideration Shares contemplated pursuant
                                            to the provisions of this Agreement.
	 	 	 
		(d)	There
                                            are restrictions on the Seller’s ability to resell the Consideration Shares and it
                                            is the responsibility of the Seller to find out what those restrictions are and to comply
                                            with them before selling the Consideration Shares.
	 	 	 
		(e)	The
                                            Purchaser has advised the Seller that the Purchaser is relying on an exemption from the requirements
                                            to provide the Seller with a prospectus and to sell Consideration Shares through a Person
                                            registered to sell securities under applicable Canadian securities laws and, as a consequence
                                            of acquiring the Consideration Shares pursuant to this exemption, certain protections, rights
                                            and remedies provided by the applicable Canadian securities laws, including statutory rights
                                            of rescission or damages, will not be available to the Seller.
	 	 	 
		(f)	Investment
                                            Risks. The Seller acknowledge that an investment in the Purchaser is highly speculative,
                                            and involves a high degree of risk as the Purchaser is in the early stages of developing
                                            its business, and that only Persons who can afford the loss of their entire investment should
                                            consider investing in the Purchaser. The Seller acknowledge that the Seller is able to fend
                                            for themselves, can bear the economic risk of the Seller’s investment, and has such
                                            knowledge and experience in financial or business matters such that the Seller is capable
                                            of evaluating the merits and risks of an investment in the Purchaser’s securities as
                                            contemplated in this Agreement.
	 	 	 
		(g)	Full
                                            Disclosure. The Seller believe that they have received all the information they consider
                                            necessary or appropriate for deciding whether to purchase the Consideration Shares as provided
                                            for in this Agreement. The Seller further represent that they have had an opportunity to
                                            ask questions and receive answers from the Purchaser regarding the business, properties,
                                            prospects and financial condition of the Purchaser.
	 	 	 
		(h)	Acquisition
                                            of Consideration Shares as Principal. The Seller is purchasing the Consideration Shares
                                            hereunder as principal for the Seller’s own account and not for the benefit of any
                                            other Person, and the Seller is purchasing the Consideration Shares for investment purposes
                                            only and has no present intention of distributing or reselling the Consideration Shares.

 

    	 

     

    

 

5.3. Representations,
warranties and covenants of the Purchaser. The Purchaser, hereby represents, warrants and covenants to and with GlobeX US and the
Seller as follows, and acknowledges that GlobeX US and the Seller are each relying upon such representations, warranties covenants in
entering into this Agreement and the transactions contemplated hereby:

 

		(a)	Organization
                                            and Qualification of Purchaser. The Purchaser is an entity duly incorporated or otherwise
                                            organized, validly existing and in good standing under laws of the Province of British Columbia,
                                            with the requisite power and authority to own and use its properties and assets and to carry
                                            on its business as currently conducted. The Purchaser is not in violation nor in default
                                            of any of the provisions of its articles of incorporation, bylaws or other organizational
                                            or charter documents. The Purchaser is duly qualified to conduct business and is in good
                                            standing as a foreign corporation or other entity in each jurisdiction in which the nature
                                            of the business conducted or property owned by it makes such qualification necessary, except
                                            where the failure to be so qualified or in good standing, as the case may be, could not have
                                            or reasonably be expected to result in a Material Adverse Effect, and no Proceeding has been
                                            instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke
                                            or limit or curtail such power and authority or qualification.
	 	 	 
		(b)	Authorization;
                                            Enforcement - Purchaser. The Purchaser has the requisite corporate power and authority
                                            to enter into and to consummate the transactions contemplated by this Agreement and otherwise
                                            to carry out its obligations hereunder and thereunder. The execution and delivery of each
                                            of this Agreement and the consummation by it of the transactions contemplated hereby and
                                            thereby have been, or prior to Closing will be, duly authorized by all necessary action on
                                            the part of the Purchaser and no further action is required by the Purchaser, the board of
                                            directors of the Purchaser or the Purchaser’s stockholders in connection herewith or
                                            therewith. This Agreement upon delivery, will be, duly executed by the Purchaser and, when
                                            delivered in accordance with the terms hereof and thereof, will constitute the valid and
                                            binding obligation of the Purchaser enforceable against the Purchaser in accordance with
                                            its terms, except: (i) as limited by general equitable principles and applicable bankruptcy,
                                            insolvency, reorganization, moratorium and other laws of general application affecting enforcement
                                            of creditors’ rights generally, (ii) as limited by laws relating to the availability
                                            of specific performance, injunctive relief or other equitable remedies and (iii) insofar
                                            as indemnification and contribution provisions may be limited by applicable law.
	 	 	 
		(c)	No
                                            Conflicts - Purchaser. The execution, delivery and performance by the Purchaser of this
                                            Agreement, the sale and purchase of the GlobeX US Shares by the Seller to the Purchaser and
                                            the consummation by it of the transactions contemplated hereby and thereby do not and will
                                            not: (i) conflict with or violate any provision of the Purchaser’s certificate or articles
                                            of incorporation, bylaws or other organizational or charter documents, (ii) conflict with,
                                            or constitute a default (or an event that with notice or lapse of time or both would become
                                            a default) under, result in the creation of any Encumbrance upon any of the properties or
                                            assets of the Purchaser, or give to others any rights of termination, amendment, acceleration
                                            or cancellation (with or without notice, lapse of time or both) of, any agreement, credit
                                            facility, debt or other instrument (evidencing a debt of the Purchaser or otherwise) or other
                                            understanding to which the Purchaser is a party or by which any property or asset of the
                                            Purchaser is bound or affected, or (iii) conflict with or result in a violation of any law,
                                            rule, regulation, order, judgment, injunction, decree or other restriction of any court or
                                            governmental authority to which the Purchaser is subject (including federal and state securities
                                            laws and regulations), or by which any property or asset of the Purchaser is bound or affected;
                                            except in the case of each of clauses (ii) and (iii), such as could not have or reasonably
                                            be expected to result in a Material Adverse Effect.
	 	 	 
		(d)	Filings,
                                            Consents and Approvals - Purchaser. The Purchaser is not required to obtain any consent,
                                            waiver, authorization or order of, give any notice to, or make any filing or registration
                                            with, any court or other federal, provincial, local or other governmental authority or other
                                            Person in connection with the execution, delivery and performance by the Purchaser of the
                                            transactions contemplated by this Agreement.
	 	 	 
		(e)	Capitalization
                                            – Purchaser. The authorized capital of the Purchaser consists of an unlimited number
                                            of GlobeX Canada Shares and an unlimited number of preferred shares without par value.
	 	 	 
		(f)	Issuance
                                            of the Consideration Shares. The Consideration Shares are duly authorized and, when issued
                                            and paid for, the Consideration Shares will be duly and validly issued, fully paid and non-assessable,
                                            free and clear of all Encumbrances imposed by the Purchaser other than restrictions on transfer
                                            provided for under applicable securities laws.

 

    	 

     

    

 

		(g)	Full
                                            Disclosure. The Purchaser believes that it has received all the information it considers
                                            necessary or appropriate for deciding whether to purchase the GlobeX US Shares as provided
                                            for in this Agreement. The Purchaser further represents that it have had an opportunity to
                                            ask questions and receive answers from the Seller regarding the business, properties, prospects
                                            and financial condition of the Seller.
	 	 	 
		(h)	Reporting
                                            Issuer Status – GlobeX Canada. The Purchaser is not a “reporting issuer”
                                            under the securities laws of any jurisdiction in Canada and is not, to the best of the Purchaser’s
                                            knowledge, after reasonable investigation, required to file periodic or other reports under
                                            the securities laws of any other applicable jurisdiction.

 

6. RESALE
RESTRICTIONS – CONSIDERATION SHARES

 

6.1. The
Seller acknowledge that the Consideration Shares are being issued pursuant to exemptions from the prospectus requirements of applicable
Canadian securities laws and that, as a result, the Consideration Shares will be subject to restrictions on resale imposed by applicable
Canadian securities laws.

 

7. ADDITIONAL
COVENANTS OF THE PARTIES

 

7.1. Assistance
with Securities Law Disclosures. GlobeX US and the Seller agree to provide the Purchaser, at the Purchaser’s expense, with
such information regarding GlobeX US and the Seller as the Purchaser may reasonably request for the purpose of preparing such reports,
schedules, forms, statements or other documents required to be filed, furnished or disclosed by the Purchaser with respect to, or in
anticipation of Closing of, the transactions contemplated under this Agreement or under the provisions of applicable securities laws.

 

8. GENERAL
PROVISIONS

 

		(a)	Further
                                            Assurances. Each party to this Agreement shall make, execute, acknowledge and deliver
                                            such other instruments and documents, and take all such other actions as may be reasonably
                                            required in order to effectuate the purposes of this Agreement and to consummate the transactions
                                            contemplated hereby.
	 	 	 
		(b)	Joint
                                            and Several Liability of GlobeX US and Seller. The Purchaser may elect to recover from
                                            any one of GlobeX US or the Seller the full amount of any liability of GlobeX US or the Seller
                                            under this Agreement, and the Purchaser may bring a separate action against any one of GlobeX
                                            US or the Seller with respect to the full amount of any such liability.
	 	 	 
		(c)	Entire
                                            Agreement. This Agreement contains the entire understanding of the parties with respect
                                            to the subject matter hereof and thereof and supersedes all prior agreements and understandings,
                                            oral or written, with respect to such matters, including, but not limited to, any prior term
                                            sheet or letter of intent (including the LOI).
	 	 	 
		(d)	Notices.
                                            Any and all notices or other communications or deliveries required or permitted to be provided
                                            hereunder shall be in writing and shall be deemed given and effective on the earliest of:
                                            (a) the first business date after transmission, if such notice or communication is delivered
                                            via facsimile at the facsimile number set forth on the signature pages attached hereto at
                                            or prior to 5:30 p.m. (Pacific Time), (b) the second business day after the date of transmission,
                                            if such notice or communication is delivered via facsimile at the facsimile number set forth
                                            on the signature pages attached hereto later than 5:30 p.m. (Pacific Time), (c) the date
                                            of delivery, if sent by Canadian nationally recognized overnight courier service or (d) upon
                                            actual receipt by the party to whom such notice is required to be given. The address for
                                            such notices and communications shall be as set forth below, provided that the parties hereto
                                            may change such address for notices and communications by providing the other parties hereto
                                            with notice in the form and manner set forth in this Section 8(d):

 

Alain
Ghiai

 

MNP
Tower

900-1021
West Hastings Street

Vancouver,
BC V6E 0C3

Email:
aghiai@digitalsafe.com

 

    	 

     

    

 

GlobeX
Data, Inc.

 

Attn:
Alain Ghiai

[insert
U.S. address]

Email:
aghiai@digitalsafe.com

 

GlobeX
Data Ltd.

Attn:
David K. Ryan

Two
Bentall Centre

595 Burrard Street, Suite 1085

Box
201

Vancouver, BC V7X 1M8

Email:
david.ryan@hotmail.com

 

with
a copy to the following address:

O’Neill Law Corporation

704
- 595 Howe Street

Vancouver,
BC V6C 2T5

Attention:
Brian S.R. O’Neill

Fax:
604-687-6650

 

		(e)	Amendments.
                                            Neither this Agreement nor any provision hereof may be amended, waived, discharged or terminated
                                            orally, but only by an instrument in writing signed by the party against whom enforcement
                                            of the amendment, waiver, discharge or termination is sought.
	 	 	 
		(f)	Survival.
                                            All covenants, agreements, representations and warranties on the part of each of the parties,
                                            notwithstanding any investigations or enquiries made by any of the parties prior to the date
                                            hereof or the waiver of any condition by any of the parties, shall survive the Closing for
                                            a period of one (1) year.
	 	 	 
		(g)	Action
                                            on Business Day. If the date upon which any act or payment hereunder is required to be
                                            done or made falls on a day which is not a business day, then such act or payment shall be
                                            performed or made on the first business day next following.
	 	 	 
		(h)	Severability.
                                            If any one or more of the provisions of this Agreement should be invalid, illegal or unenforceable
                                            in any respect in any jurisdiction, the validity, legality or enforceability of such provision
                                            shall not in any way be affected or impaired thereby in any other jurisdiction and the validity,
                                            legality and enforceability of the remaining provisions contained herein shall not in any
                                            way be affected or impaired thereby.
	 	 	 
		(i)	Successors
                                            and Assigns. This Agreement shall enure to the benefit of and be binding upon all parties
                                            hereto and their respective heirs, personal representatives, successors and permitted assigns,
                                            as the case may be. The parties to this Agreement may not assign this Agreement or any rights
                                            or obligations hereunder without the express written consent of each of the other parties
                                            hereto.
	 	 	 
		(j)	Governing
                                            Law. This Agreement shall be governed by and be construed in accordance with the laws
                                            of the Province of British Columbia and the parties hereto agree to submit to the jurisdiction
                                            of the courts of the Province of British Columbia with respect to any legal proceedings arising
                                            herefrom.
	 	 	 
		(k)	Time.
                                            Time is of the essence of this Agreement.
	 	 	 
		(l)	Headings.
                                            The headings are inserted solely for convenience of reference and shall not be deemed to
                                            restrict or modify the meaning of the Articles to which they pertain.
	 	 	 
		(m)	Counterparts.
                                            This agreement may be executed in one or more counter-parts, each of which so executed shall
                                            constitute an original and all of which together shall constitute one and the same agreement.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

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

 

	GLOBEX DATA LTD.	 
	 	 	 
	Per:	 	 
	 	David
K. Ryan, Director	 
	 	 	 
	GLOBEX DATA, INC.	 
	 	 	 
	Per:	 	 
	 	Alain
Ghiai, Director	 
	 	 	 
	 	 	 
	 	ALAIN
    GHIAI

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