Document:

skye_ex102.htm

EXHIBIT 10.2
    
 LOCK-UP AGREEMENT
  
 ________, 2021
  
 Skye Bioscience, Inc.
  
 	  
	 Re:
	 Securities Purchase Agreement, dated as of September ____, 2021 (the “Purchase Agreement”), between Skye Bioscience, Inc. (the “Company”) and the purchasers signatory thereto (each, a “Purchaser” and, collectively, the “Purchasers”)

    
 Ladies and Gentlemen:
  
 Defined terms not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings set forth in the Purchase Agreement. Pursuant to Section 2.2(a) of the Purchase Agreement and in satisfaction of a condition of the Company’s obligations under the Purchase Agreement, the undersigned irrevocably agrees with the Company that, from the date hereof until 90 days after the Closing Date (such period, the “Restriction Period”), the undersigned will not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any Affiliate of the undersigned or any person in privity with the undersigned or any Affiliate of the undersigned), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with respect to, any shares of Common Stock of the Company or securities convertible, exchangeable or exercisable into, shares of Common Stock of the Company beneficially owned, held or hereafter acquired by the undersigned (the “Securities”). Beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.
  
 Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer the Securities provided that (1) the Company receives a signed lock-up letter agreement (in the form of this Letter Agreement) for the balance of the Restriction Period from each donee, trustee, distributee, or transferee, as the case may be, prior to such transfer (2) any such transfer shall not involve a disposition for value, (3) such transfer is not required to be reported with the Securities and Exchange Commission in accordance with the Exchange Act and no report of such transfer shall be made voluntarily, and (4) neither the undersigned nor any donee, trustee, distributee or transferee, as the case may be, otherwise voluntarily effects any public filing or report regarding such transfers, with respect to transfer:
  
 	  
	 i)
	 as a bona fide gift or gifts;

	  
	  
	  

	  
	 ii)
	 to any immediate family member or to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned (for purposes of this Letter Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin);

    
 	 
	1
	

	 

    
 	  
	 iii)
	 to any corporation, partnership, limited liability company, or other business entity all of the equity holders of which consist of the undersigned and/or the immediate family of the undersigned;

	  
	  
	  

	  
	 iv)
	 if the undersigned is a corporation, partnership, limited liability company, trust or other business entity (a) to another corporation, partnership, limited liability company, trust or other business entity that is an Affiliate of the undersigned or (b) in the form of a distribution to limited partners, limited liability company members or stockholders of the undersigned;

	  
	  
	  

	  
	 v)
	 if the undersigned is a trust, to the beneficiary of such trust;

	  
	  
	  

	  
	 vi)
	 by will, other testamentary document or intestate succession to the legal representative, heir, beneficiary or a member of the immediate family of the undersigned; or

	  
	  
	  

	  
	 vii)
	 of securities purchased in open market transactions after the Closing Date.

    
 In addition, notwithstanding the foregoing, this Letter Agreement shall not restrict the delivery of shares of Common Stock to the undersigned upon (i) exercise any options granted under any employee benefit plan of the Company; provided that any shares of Common Stock or Securities acquired in connection with any such exercise will be subject to the restrictions set forth in this Letter Agreement, or (ii) the exercise of warrants; provided that such shares of Common Stock delivered to the undersigned in connection with such exercise are subject to the restrictions set forth in this Letter Agreement, or (iii) a bona fide third-party tender offer, merger, consolidation, arrangement or other similar transaction, that is approved by the board of directors of the Company and made to all holders of the shares of Common Stock, involving a change of control of the Company, provided, that, in the event that such tender offer, merger, consolidation, arrangement or other such transaction is not completed, the Securities held by the undersigned shall remain subject to the provisions of this Letter Agreement.
  
 Furthermore, the undersigned may enter into any new plan established in compliance with Rule 10b5-1 under the Exchange Act; provided that (i) such plan may only be established if no public announcement or filing with the Securities and Exchange Commission, or other applicable regulatory authority, is made in connection with the establishment of such plan during the Restriction Period, and (ii) no sale of shares of Common Stock are made pursuant to such plan during the Restriction Period.
  
 The undersigned acknowledges that the execution, delivery and performance of this Letter Agreement is a material inducement to each Purchaser to complete the transactions contemplated by the Purchase Agreement and the Company shall be entitled to specific performance of the undersigned’s obligations hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver and perform this Letter Agreement, that the undersigned has received adequate consideration therefor and that the undersigned will indirectly benefit from the closing of the transactions contemplated by the Purchase Agreement.
  
 	 
	2
	

	 

     
 This Letter Agreement may not be amended or otherwise modified in any respect without the written consent of each of the Company and the undersigned. This Letter Agreement shall be construed and enforced in accordance with the laws of the State of New York without regard to the principles of conflict of laws. The undersigned hereby irrevocably submits to the exclusive jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State of New York located in Manhattan, for the purposes of any suit, action or proceeding arising out of or relating to this Letter Agreement, and hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that (i) it is not personally subject to the jurisdiction of such court, (ii) the suit, action or proceeding is brought in an inconvenient forum, or (iii) the venue of the suit, action or proceeding is improper. The undersigned hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by receiving a copy thereof sent to the Company at the address in effect for notices to it under the Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. The undersigned hereby waives any right to a trial by jury. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. The undersigned agrees and understands that this Letter Agreement does not intend to create any relationship between the undersigned and any Purchaser and that no Purchaser is entitled to cast any votes on the matters herein contemplated and that no issuance or sale of the Securities is created or intended by virtue of this Letter Agreement.
  
 This Letter Agreement shall be binding on successors and assigns of the undersigned with respect to the Securities and any such successor or assign shall enter into a similar agreement for the benefit of the Purchasers.
  
 *** SIGNATURE PAGE FOLLOWS***
    
 	 
	3
	

	 

  
 This Letter Agreement may be executed in two or more counterparts, all of which when taken together may be considered one and the same agreement.
  
 _________________________
 Signature
  
 __________________________
 Print Name
  
 __________________________
 Position in Company, if any
  
 Address for Notice:
 _________________________
 _________________________
 _________________________
  
 By signing below, the Company agrees to enforce the restrictions on transfer set forth in this Letter Agreement.
  
 	 Skye Bioscience, Inc.
	  

	  
	  
	  

	 By: 
	  
	  

	 Name:
	  
	  

	 Title:
	  
	  

     
 	 
	4Exhibit 10.1

 

THESE SECURITIES HAVE NOT BEEN APPROVED OR
DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL OR STATE REGULATORY AUTHORITY. THE SHARES BEING SOLD HEREBY
ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK. THE SALE PRICE WAS DETERMINED ARBITRARILY BY THE SELLERS AND BEARS NO RELATIONSHIP
TO THE ASSETS, EARNINGS, BOOK VALUE, CURRENT OR FUTURE TRADING PRICE OF THE SHARES, OR ANY OTHER CRITERIA.

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE AGREEMENT
is made and entered into this 24th day of September, 2021, by and among WECONNECT TECH INTERNATIONAL, INC., a Nevada corporation (the
“Company”), the Sellers set forth on the signature pages hereto (the “Sellers”), and the purchasers set forth
on Exhibit A, attached hereto and incorporated herein (each, a “Purchaser”, and collectively, the “Purchasers”).
Sellers own an aggregate of 436,482,690 shares of the common stock of the Company. Purchasers
desire to purchase from Sellers, and Sellers are willing to sell shares of such common stock, subject to the terms and conditions contained
in this Agreement.

 

NOW THEREFORE, in consideration
of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties agree as follows:

 

1.      
Purchase and Sale. The Sellers hereby agree to sell to the Purchasers and the Purchasers, in reliance on the representations
and warranties contained herein, and subject to the terms and conditions of this Agreement, agree to purchase from the Sellers an aggregate
of 436,482,690 shares of Common Stock of the Company and such number of shares of Series
A Preferred Stock as may be established pursuant to Section 2.1.3 (the “Company Shares”) for a total purchase price of Four
Hundred Ninety Five Thousand Three Hundred Fifty Dollars ($495,350) (the “Purchase Price”), payable in immediately available
funds in United States currency. Sellers and Purchasers acknowledge the receipt of Fifty Thousand Dollars ($50,000) (the “Initial
Deposit”), which is nonrefundable to the Buyer, and One Hundred Ninety Seven Thousand Six Hundred Seventy Five Dollars ($197,675)
(the “Second Deposit”), which is nonrefundable to the Buyer, as of the date of this Agreement, for an aggregate of Seven Thousand
Six Hundred Forty Five Dollars ($247,645). The parties acknowledge and agree that the Initial Deposit and Second Deposit shall be applied
in accordance with the terms of this Escrow Agreement.

 

Purchasers and Sellers acknowledge and accept
that the trading price of the Company Shares may decrease or increase subsequent to the sale of the Company Shares. Purchasers and Sellers
waive claims to any losses as a result of the sale of the Company Shares. The Company Shares shall equal approximately 90% of the issued
and outstanding shares of common stock (determined on an as converted basis) and voting power of all securities of the Company.

 

2.     
Closing. The Closing of the purchase and sale of the Company Shares shall occur upon the satisfaction or waiver of
all conditions set forth below, but no later than 5 PM PST on the October 15, 2021, or such other date as may be determined by the parties
(the “Closing Date”).

 

2.1.        Sellers/Company
Deliverables: Unless waived in writing by Purchasers, the Sellers and the Company shall:

 

2.1.1.       
Ten calendar days prior to the Closing, cause the Company to file and mail to each of the Company’s stockholders an information
statement required by Rule 14f-1 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”), in connection
with the change of control to be effectuated by the appointment of new officers and directors at the Closing;

 

 

 

 

 

    	 	1	 

     

    

 

2.1.2.       
Prior to the Closing:

 

2.1.2.1. 
Cause the Company to timely file a Current Report on Form 8-K disclosing the entry by the Sellers of this Agreement;

 

2.1.2.2. 
Deliver to the Escrow Agent the Company books and records, unless otherwise agreed to in writing by the parties;

 

2.1.3.       
Cause the Company to establish a Series A Preferred Stock with such powers, rights, privileges and preferences as may be requested
by Purchaser, all of which shall be delivered to the Purchasers as a part of the Company Shares;

 

2.1.4.       
On or prior to the Closing, deliver to the Purchasers:

 

2.1.4.1. 
All management accounts and other records desirable and necessary for Purchasers to prepare and file the Company’s annual
report for the year ended July 31, 2021, on Form 10-K with the Securities and Exchange Commission;

 

2.1.4.2. 
Signed resignation letters of all existing officers and directors of the Company;

 

2.1.4.3. 
Executed Board consents appointing designees of the Purchasers as directors and officers of the Company;

 

2.1.4.4. 
All Edgar and other codes of the Company necessary to make filings with the Securities and Exchange Commission;

 

2.1.4.5. 
Written confirmation from the Company’s stock transfer agent that it has received all documentation necessary to effectuate
the transfer of stock certificates representing the Company Shares to the Purchasers.

 

2.2.        Purchaser
Deliverables: On or prior to the Closing, the Purchaser(s) shall deliver: (i) the Purchase Price to the Escrow Agent; and (ii) written
instructions to proceed with the Closing.

 

3.     
Resignation of Old and Appointment of New Board of Directors and Officers. The Company and the Sellers shall take
such corporate action(s) and make such SEC filings on Schedule 14F-1 in compliance with the Exchange Act Rules and as otherwise required
by the Company Articles of Incorporation and/or Bylaws to duly (a) appoint the below named persons, or other persons who names shall be
delivered to the Company, to their respective positions, to be effective as of the Closing Date, and (b) oVancbtain and submit to the
Purchasers, together with all required corporate action(s) the resignation of all members of the board of directors, and any and all corporate
officers as of the Closing Date, all of which actions shall be certified and delivered to the Purchasers as effective at Closing by the
Sellers in such form and substance satisfactory to the Purchasers. Following the execution of this Agreement and through the date of effectiveness
of such resignations, no other officers or directors shall be appointed or elected to serve the Company except as otherwise expressly
provided herein.

 

 

 

 

    	 	2	 

     

    

 

 

	Name	Position
	Vance Harrison 	Chief Executive Officer, President and Director
	Terina Liddiard	Chief Financial Officer, Secretary and Director
	Taylor Brody	Chief Marketing Officer and Director

 

4.     
Representations and Warranties of the Company. The Company hereby represents and warrants to each of the following
as of the date hereof and the Closing Date:

 

4.1.                     
Corporate Existence and Power. The Company is a corporation duly organized and validly existing and, at the Closing Date,
will be in good standing under the laws of the jurisdiction of its incorporation or formation. The Company has the requisite corporate
power and authority to carry on its business as presently conducted and as currently proposed to be conducted, to own and operate its
properties and assets, to execute and deliver this Agreement, and to carry out the provisions of this Agreement. The Company is duly qualified
to do business and is in good standing as a foreign company in all jurisdictions in which the nature of its activities and of its properties
makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect
on the Company or its business.

 

4.2.                     
Subsidiaries. The Company does not own or control any equity security or other interest of any other corporation, partnership,
limited liability company or other business entity. The Company is not a participant in any joint venture, partnership, limited liability
company or similar arrangement. Except as disclosed in its periodic reports filed with the Securities and Exchange Commission, since its
inception, the Company has not consolidated or merged with, acquired all or substantially all of the assets of, or acquired the equity
securities of or any interest in any corporation, partnership, limited liability company or other business entity.

 

4.3.                     
Authorization; No Contravention. The execution, delivery and performance by the Company and the Sellers of this Agreement
and the transactions contemplated hereby (a) have been duly authorized by all necessary action of the Sellers and the Company, (b) do
not violate, conflict with or result in any breach or default of (or with due notice or lapse of time or both would result in any breach,
default or contravention of), or the creation of any lien under, any contractual obligation of the Sellers or the Company or any requirement
of law applicable to the Company, and (d) do not violate any judgment, injunction, writ, award, decree or order (collectively, “Orders”)
of any governmental authority against, or binding upon, the Company. There are no actions, subpoenas, suits, proceedings, claims, complaints,
disputes, arbitrations or investigations (collectively, “Claims”) pending, initiated, or, to the knowledge of the Sellers,
threatened, at law, in equity, in arbitration or before any governmental authority against the Company.

 

4.4.                     
Governmental Authorization; Third Party Consents. No consent, approval, authorization, order, registration or qualification
(each, an “Authorization”) of or with any governmental authority or any other person is required for the execution,
delivery or performance (including, without limitation, the sale of the Company Shares) by, or enforcement against, the Company of this
Agreement or the consummation by the Company of the transactions contemplated by this Agreement, except (i) such Authorizations as
have already been obtained or (ii) as otherwise provided in this Agreement.

 

4.5.                     
Capitalization.

 

 

 

 

    	 	3	 

     

    

 

4.5.1.       
The Company's authorized capital stock consists of 1,000,000,000 shares of common stock, par value $0.001, of which 593,610,070
shares are issued and outstanding, and 30,000,000 shares of preferred stock, par value $0.001, none of which are issued and outstanding.
All shares of Company stock are owned of record and beneficially by the shareholders in the amounts set forth in the Shareholder’s
list attached hereto as Exhibit B. There are no outstanding dividends, whether current or accumulated, due or payable on any of
the capital stock of the Company.

 

4.5.2.       
Sellers are the legal owner, and has good and marketable title (beneficially and of record) to all of the Company Shares. The Company
Shares, when issued to the Purchasers pursuant to this Agreement, will be: (i) duly authorized, validly issued, and outstanding; (ii)
fully paid, non-assessable, and free of preemptive rights; and (iii) free and clear of any and all pledges, claims, restrictions, charges,
liens, security interests, encumbrances, or other interests of third parties of any nature whatsoever. As of the date hereof: (i) there
are no outstanding options, warrants, rights, commitments, or agreements of any kind for the issuance or sale of, or outstanding securities
convertible into, any additional shares of capital stock of any class of the Company; (ii) there are no voting trusts, voting agreements,
proxies, or other agreements, instruments, or undertakings with respect to the voting of any Company securities to which the Company or
any of its shareholders is a party; and (iii) there are no restrictions on transfer of any Company securities except for restrictions
imposed by applicable laws or by the express terms of this Agreement. There are no contracts, commitments, understandings or arrangement
by which the Company is bound to issue additional registered capital, share capital or other securities.

 

4.6.        Agreements.
Except for this Agreement and the Escrow Agreement (as hereinafter defined), there are no agreements, understandings, instruments, contracts
or proposed transactions, or judgments, orders, writs or decrees, to which the Company is a party or by which it is bound. The Company
is not a guarantor or indemnitor of any indebtedness of any other person, party or entity. The Company has not declared or paid any dividends,
or authorized or made any distribution upon or with respect to any class or series of its equity securities.

 

4.7.        Absence
of Undisclosed Liabilities. As of the dates of the Company's financial statements, the Company had no liabilities, either accrued
or contingent, of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles
(whether due or to become due, which individually or in the aggregate are reasonably likely to have an adverse effect on the Company)
but that are actually not reflected in the financial statements .

 

4.8.        Absence
of All Liabilities.

 

4.8.1.    
Except as set forth on the Quarterly Report on Form 10-Q for the three months ended April 30, 2021, and that certain Current Report
on Form 8-K filed with the United States Securities and Exchange Commission on August 27, 2021, of the Company, the Company has no liabilities,
either accrued or contingent, whether or not of a nature required to be reflected in the financial statements in accordance with generally
accepted accounting principles, and whether due or to become due. Except as set forth in Exhibit C (collectively, the “Holdback
Creditors”), as of the Closing Date, the Company has fully paid all creditors, debtors, vendors and service providers for all
obligations that have become due and payable as of the Closing Date.

 

4.8.2.    
There are no lawsuits, actions or administrative, arbitration or other proceedings or governmental investigations ongoing, pending
or threatened against or relating to the Company, Sellers or the Company's properties or business. The Company has not entered into or
been subject to any consent decree, compliance order, or administrative order with respect to any property owned, operated, leased, or
used by the Company. The Company has not received any request for information, notice, demand letter, administrative inquiry, or formal
or informal complaint or claim with respect to any property owned, operated, leased, or used by the Company or any facilities or operations
thereon.

 

 

 

 

    	 	4	 

     

    

 

4.8.3.    
Except as set forth in Exhibit C: (i) The Company has filed all tax returns required to have been filed and paid the taxes
set forth therein; (ii) All tax returns filed on or prior to the Closing Date were correct and complete in all material respects; (iii)
The Company currently is not the beneficiary of any extension of time within which to file any tax return. To the Company's knowledge,
no claim has ever been made by an authority in a jurisdiction where the Company does not file tax returns that it is or may be subject
to taxation by that jurisdiction. There are no actual, pending or, to the Company's knowledge, threatened liens, encumbrances, or charges
against any of the assets of the Company arising in connection with any failure (or alleged failure) to pay any tax. The Company has withheld
and paid all taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor,
creditor, shareholder, or other third party. To the Company's knowledge, there is no dispute or claim concerning any tax liability of
the Company either claimed or raised by any authority in writing. The Company has not waived any statute of limitations in respect of
taxes or agreed to any extension of time with respect to a tax assessment or deficiency.

 

4.9.                     
Financial Statements. The Company's financial statements fairly present the financial condition of the Company at the dates
of said statements and the results of its operations for the periods covered thereby and have been prepared in accordance with United
States generally accepted accounting principles and practices consistently applied and consistent with the books and records of the Company.

 

4.10.                  
Binding Effect. This Agreement has been duly executed and delivered by the Sellers, and constitutes the legal, valid and
binding obligation of the Sellers, enforceable against the Sellers in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement
of creditors' rights generally and by general principles of equity.

 

4.11.                  
Private Offering. No registration of the Company Shares, pursuant to the provisions of the Securities Act of 1933, as amended,
or any state securities or “blue sky” laws, will be required by the sale of the Company Shares in the manner contemplated
in Section 1 herein. Sellers agree that neither they, nor anyone acting on their behalf, shall offer to sell the Company Shares or
any other securities of the Company so as to require the registration of the Company Shares pursuant to the provisions of the Securities
Act of 1933, as amended, or any state securities or “blue sky” laws.

 

4.12.                  
Disclosure. Sellers understand and confirm that Purchasers are relying on the representations, warranties and covenants
contained in this Agreement and the disclosures set forth in the reports, forms and other documents filed with the United States Securities
Exchange by the Company (collectively, the “SEC Reports”) in entering into this Agreement. All disclosures contained in the
SEC Reports or otherwise provided to Purchaser regarding the Company, its businesses and the transactions contemplated hereby, furnished
by or on behalf of Sellers or the Company are complete, true and correct and do not contain any untrue statement of a material fact or
omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they
were made, not misleading.

 

5.     
Holdback. The Company, Purchasers and the Sellers agree, and hereby instruct the Escrow Agent (as hereinafter defined),
to hold back from that portion of the Purchase Price to be distributed to the Sellers by the Escrow Agent (as hereinafter defined) the
following amounts:

 

		5.1.	$40,000 to be applied towards the preparation of the 2020 and 2021 federal and state tax returns of the
Company and the payment of all amounts due to such tax authorities;

 

 

 

 

    	 	5	 

     

    

 

		5.2.	an amount equal to the amount necessary to pay in full the Holdback Creditors.

 

The Company, Purchasers and Sellers hereby agree
that the Escrow Agent is hereby instructed and authorized (without the requirement of further instructions or authorizations) to make
the foregoing distributions from the Purchase Price in accordance with the terms of the Escrow Agreement.

 

6.     
Acknowledgement of Escrow Agent as Counsel to Purchaser Representative. The Sellers and Purchasers hereby acknowledge
that they are parties to that certain Escrow Agreement dated September __, 2021, by and among Chen-Drake Law (“Escrow Agent”),
the Purchasers and the Sellers (the “Escrow Agreement”), pursuant to which the Sellers and Purchasers established an escrow
account and appointed Escrow Agent to serve as the escrow agent thereto in accordance with the terms and conditions of the Escrow Agreement.
The Sellers and Purchasers hereby acknowledge that Escrow Agent: (i) is legal counsel to the representative of the Sellers; (ii) has explained
to each of it the potential conflicts arising from having legal counsel to the representative of the Sellers serve as the Escrow Agent;
and (iii) has advised each of them to seek independent counsel to review the terms of this Agreement and the Escrow Agreement. Each of
the Company, Sellers and Purchasers hereby acknowledges that it, he or she has had the opportunity to seek such independent counsel and
agrees to waive all potential and actual conflicts arising from having Escrow Agent serve as Escrow Agent. The parties further acknowledge
that the duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth in the Escrow Agreement
and no duties, responsibilities or obligations shall be inferred or implied. Escrow Agent shall not be subject to, nor required to comply
with, any other agreement between or among any or all of the Purchasers, the Company and the Sellers or to which any of the Purchasers
or the Sellers are a party, even though reference thereto may be made herein, or to comply with any direction or instruction from any
of the Purchasers or the Sellers or any entity acting on its behalf. The Purchasers, the Company and the Sellers hereby expressly acknowledge
their appointment of Escrow Agent to serve as the escrow agent in accordance with the terms and conditions of the Escrow Agreement.

 

7.     
Miscellaneous. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior
agreements and discussions between Purchasers and Sellers. No waiver of any of the provisions of this Agreement will be deemed to constitute
a waiver of any other provisions hereof. This Agreement may be executed by the parties hereto in separate counterparts, each of which
will be deemed to be one and the same instrument. All claims, disputes and other matters in question between the parties to this Agreement,
arising out of or relating to this Agreement or breach thereof, shall be filed and heard only in the state courts of Nevada. The Agreement
will be government by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles
of conflicts of law thereof.

 

 

 

 

 

    	 	6	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date set forth in the first paragraph.

 

	
    COMPANY:

     

    WECONNECT TECH INTERNATIONAL INC.

    a Nevada corporation

     

    By: /s/ Shiong Han Wee              

    Its: Shiong Han Wee

    Chief Executive Officer

     

    Address:

    1st Floor, Block A, Axis Business Campus

    No. 13A & 13B, Jalan 225, Section 51A

    46100 Petaling Jaya

    Selangor, Malaysia

     
	
     

     

 

 

 

 

 

 

    	 	7	 

     

    

  

SELLERS

 

 

	Angel Seed Capital Sdn. Bhd.	 	Black Arrow Ventures Capital Sdn. Bhd.
	 	 	 
	By: /s/ Khoo Yu Fong	 	By: /s/ Loh Huu Ping
	Khoo Yu Fong, Director, CEO	 	Loh Hsu Ping, CEO
	(25,000,000 shares of Common Stock)	 	(25,000,000 shares of Common Stock)
	 	 	 
	Capital Smart Management Sdn. Bhd.	 	City Assets Planner Sdn. Bhd.
	 	 	 
	By: /s/ Eugene Wong Kwok Hoe	 	By: /s/ Lim Sooi Yee
	Eugene Wong Kwok Hoe, CEO	 	Lim Sooi Yee, CEO
	(25,000,000 shares of Common Stock)	 	(25,000,000 shares of Common Stock)
	 	 	 
	Ecofresh Holding Sdn. Bhd.	 	Future Strategic Management Sdn. Bhd.
	 	 	 
	By: /s/ Chua Teng Wee	 	By: /s/ Lee Hong Liang
	Chua Teng Wee, CEO	 	Lee Hong Liang, CEO
	(25,000,000 shares of Common Stock)	 	(25,000,000 shares of Common Stock)
	 	 	 
	Great SGA Sdn. Bhd.	 	Silver Cat Sdn. Bhd.
	 	 	 
	By: /s/ Lee Mun Fai	 	By: /s/ Silvia Kong Bit Hee
	Lee Mun Fai, CEO	 	Silvia Kong Bit Hee, CEO
	(25,000,000 shares of Common Stock)	 	(10,000,000 shares of Common Stock)
	 	 	 
	Tactical Ventures Sdn. Bhd.	 	HQL Technology Sdn. Bhd.
	 	 	 
	By: /s/ Chong Boon Leng	 	By: /s/ Chow Chui Mei
	Chong Boon Leng, CEO	 	Chow Chui Mei, CEO
	(10,000,000 shares of Common Stock)	 	(25,000,000 shares of Common Stock)
	 	 	 
	MIG Network International Ltd.	 	MIG Network & Consultancy Sdn Bhd
	 	 	 
	By: /s/ Kwueh Lin Wong	 	By: /s/ Shiong Han Wee
	Kwueh Lin Wong, CEO	 	Shiong Han Wee, Director
	(25,000,000 shares of Common Stock)	 	(30,000,000 shares of Common Stock)
	 	 	 
	/s/ Shiong Han Wee	 	/s/ Kwueh Lin Wong
	Shiong Han Wee	 	Kwueh Lin Wong
	(82,089,140 shares of Common Stock)	 	(79,393,450 shares of Common Stock)
	 	 	 
	 	 	 
	PURCHASER:	 	 
	 	 	 
	MOTOS AMERICA,	 	 
	a Utah corporation	 	 
	 	 	 
	By: /s/ Vance Harrison	 	 
	Name: Vance Harrison	 	 
	Title: Chief Executive Officer	 	 
	 	 	 

 

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT A

PURCHASERS

 

	 	Amount of Shares	Consideration
	Moto America, Inc.	
    436,482,680
    Common Shares

    10 Million
    Series A Preferred Shares 
	$495,350
	 	 	 
	TOTAL	
    436,482,680
    Common Shares

    10 Million
    Series A Preferred Shares
	$495,350

 

 

 

 

 

 

 

 

 

    	 	9	 

     

    

 

EXHIBIT B

SHAREHOLDERS LIST

 

[See Attachment]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10	 

     

    

 

EXHIBIT C

 

WECT SERVICE PROVIDERS AND LIABILITIES

 

	Service Provider	Fund Owed?	Comments
	Neda Hessamy

US Senior Tax Manager

Manning Elliott LLP

T: 604-714-3600 | F: 604-714-3669	USD $6,449.19 (to be paid at closing)	Former Tax Preparer
	
    Jessica Lin, CPA (林美瑤 會計師)

    Assurance Partner

    Simon & Edward, LLP

    An Independent Member of BDO Alliance

    3230 Fallow Field Drive, Diamond Bar, CA 91765

    Office +1.909.839.0188 Fax 1.909.839.1128 

    Website: www.secpa.us

    E-mail: jessica.lin@secpa.us

     
	$7,000 (to be paid at closing)	To be engaged to prepare the 2019 and 2020 tax returns.  Fees to be paid on or prior to closing.
	
    Sau Jong, Lim

    Partner

    CPA (Aust.), MICPA, CA(M), ASEAN CPA

     

    TOTAL ASIA ASSOCIATES PLT (AF002128)  (LLP0016837-LCA)

    Chartered Accountants

    (A firm registered with Malaysian Institute of Accountants and US
    PCAOB)

    | Audit | Advisory | Taxation |

     

    BLOCK C-3-1, MEGAN AVENUE 1, 189 OFF JALAN TUN RAZAK, 50400 KUALA LUMPUR.

    Tel: +603 2733 9989

     
	MYR 108,456.69 (approx. USD $26,131) (to be paid at closing)	
    Prior Auditor

     

    Beneficiary: Total Asia Associates PLT

    Bank: RHB Islamic Bank Berhad

    Accnt #: 6-64236-0000007-2

    Swift Code: RHBAMYKL

    Bank Address: Ground & Mezanine Floor

    Podium Block, Plaza OSK

    Jalan Ampang

    50450 Kuala Lumpur, Malaysia

     

	
    Olayinka Olebika

     

    OLAYINKA OYEBOLA & CO

    (Chartered Accountants)

    43, Churchgate Street,

    Victoria Island 

    Lagos.

    08117947982

     
	$0	Current Auditor
	
    Fran Newman Sesti

    GlobalOne Filings, Inc.

    Ph: 760-943-1088

    Fax: 877-373-0555

     
	$3,751 (to be paid at closing)	Edgarizer
	
    Brian Barthlow

    EmpireStock Transfer

    1859 Whitney Mesa Dr

    Henderson, NV 89014

    (702) 818-5898

    brian@empirestock.com

     
	$3,600 (to be paid at closing)	Stock Transfer Agent 
	Jenny Chen-Drake	$26,400 + $18,615 (to be paid at Closing)	Legal Counsel fees and advances
	Nevada Secretary of State 	$1,350 (to be paid at Closing)	Annual Fee
	IRS	$21,288.49 (to be paid at closing)	
    Late Filing Penalty**

    WECT is late in filing its 2020 taxes and its 2021 taxes are due 11/15/2021.

	 	 	 

 

 

Please note that the above table (as such table may be updated to reflect
ongoing costs and advances) will be included in the escrow agreement as an instruction to the escrow agent to issue payment directly to
the foregoing services providers.

 

 

 

 

 

 

    	 	11

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