Document:

SHARE EXCHANGE AGREEMENT

This Share Exchange
Agreement (this “Agreement”), dated as of December 28, 2017, is by and among Imperalis Holding Corp.,
a Nevada corporation (the “Parent”), The Crypto Currency Mining Company, Inc., a Wyoming corporation (the “Company”),
and each of the shareholders of the Company listed on Schedule 2.1 hereto (the “Shareholders”). Each of the parties
to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”

BACKGROUND

 

The Company has
41,850 shares of common stock (the “Company Shares”) issued and outstanding, all of which are held by the Shareholders.
The Shareholders have agreed to transfer the Company Shares to the Parent in exchange for an aggregate of 56,996,444 newly issued
shares of common stock, par value $0.001 per share, of the Parent (the “Parent Shares”).

The exchange of
the Company Shares for the Parent Shares is intended to constitute a reorganization within the meaning of Section 368(a)(1)(B)
of the Internal Revenue Code of 1986, as amended (the “Code”), or such other tax free reorganization or restructuring
provisions as may be available under the Code.

The Board of Directors
of each of the Parent and the Company has determined that it is desirable to effect this plan of reorganization and share exchange.

AGREEMENT

 

NOW THEREFORE, in
consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein, and intending
to be legally bound hereby, the Parties agree as follows:

ARTICLE I

Exchange of Shares

SECTION 1.01. 
Exchange by the Shareholders. At the Closing (as defined in Section 1.02), the Shareholders shall sell, transfer,
convey, assign and deliver to the Parent all of the Company Shares free and clear of all Liens in exchange for the Parent Shares.

SECTION 1.02. 
Closing. The closing (the “Closing”) of the transactions contemplated by this Agreement (the “Transactions”)
shall take place at the offices of Laxague Law, Inc., 1 East Liberty, Suite 600, Reno, Nevda, commencing upon the satisfaction
or waiver of all conditions and obligations of the Parties to consummate the Transactions contemplated hereby (other than conditions
and obligations with respect to the actions that the respective Parties will take at Closing) or such other date and time as the
Parties may mutually determine (the “Closing Date”).

ARTICLE II

Representations and Warranties of the Shareholders

    	 		 

    	 

    

 

The Shareholders
hereby represent and warrant to the Parent, as follows:

SECTION 2.01. 
Good Title. The Shareholders are the record and beneficial owners, and have good title to the Company Shares, with
the right and authority to sell and deliver the Company Shares to the Parent as provided herein. Upon delivery of any certificate
or certificates duly endorsed for transfer to the Parent, representing the same as herein contemplated and/or upon registering
of the Parent as the new owner of the Company Shares in the share register of the Company, the Parent will receive good title to
the Company Shares, free and clear of all liens, hypothecs security interests, pledges, equities and claims of any kind, voting
trusts, trust agreements, shareholder agreements, prete-nom agreements and other encumbrances (collectively, “Liens”).

SECTION 2.02. 
Power and Authority. All acts required to be taken by the Shareholders to enter into this Agreement and to carry
out the Transactions have been properly taken. This Agreement constitutes a legal, valid and binding obligation of the Shareholders,
enforceable against the Shareholders in accordance with the terms hereof.

SECTION 2.03. 
No Conflicts. The execution and delivery of this Agreement by the Shareholders and the performance by the Shareholders
of their obligations hereunder in accordance with the terms hereof: (i) will not require the consent of any third party or any
federal, state, provincial, local or foreign government or any court of competent jurisdiction, administrative agency or commission
or other governmental authority or instrumentality, domestic or foreign (“Governmental Entity”) under any statutes,
laws, ordinances, rules, regulations, orders, writs, injunctions, judgments, or decrees (collectively, “Laws”);
(ii) will not violate any Laws applicable to the Shareholders; and (iii) will not violate or breach any contractual obligation
to which the Shareholders are a party.

SECTION 2.04. 
No Finder’s Fee. The Shareholders have not created any obligation for any finder’s, investment banker’s
or broker’s fee in connection with the Transactions that the Company or the Parent will be responsible for.

SECTION 2.05. 
Purchase Entirely for Own Account. The Parent Shares proposed to be acquired by the Shareholders hereunder will be
acquired for investment for their own account, and not with a view to the resale or distribution of any part thereof, and the Shareholders
have no present intention of selling or otherwise distributing the Parent Shares, except in compliance with applicable securities
laws.

SECTION 2.06. 
Available Information. The Shareholders have such knowledge and experience in financial and business matters that
they are capable of evaluating the merits and risks of an investment in the Parent.

SECTION 2.07. 
Non-Registration. The Shareholders understand that the Parent Shares have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”) and, if issued in accordance with the provisions of this Agreement,
will be issued by reason of a specific exemption from the registration provisions of the Securities Act that depends upon, among
other things, the bona fide nature of the investment intent and the accuracy of the Shareholders’ representations as expressed
herein. The non-registration shall have no prejudice with respect to any rights, interests, benefits and entitlements attached
to the Parent Shares in accordance with the Parent charter documents or the laws of its jurisdiction of incorporation.

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SECTION 2.08. 
Restricted Securities. The Shareholders understand that the Parent Shares are characterized as “restricted
securities” under the Securities Act inasmuch as this Agreement contemplates that, if acquired by the Shareholders pursuant
hereto, the Parent Shares would be acquired in a transaction not involving a public offering. The Shareholders further acknowledge
that if the Parent Shares are issued to the Shareholders in accordance with the provisions of this Agreement, the Parent Shares
may not be resold without registration under the Securities Act or the existence of an exemption therefrom. The Shareholders represent
that they are familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations
imposed thereby and by the Securities Act.

SECTION 2.09. 
Legends. It is understood that the Parent Shares will bear the following legend or another legend that is similar
to the following:

THESE SECURITIES HAVE NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS
EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE
TO THE COMPANY. THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT SECURED BY SUCH SECURITIES.

and any legend required by the “blue
sky” laws of any state to the extent such laws are applicable to the securities represented by the certificate so legended.

SECTION 2.10. 
Accredited Investor. The Shareholders are “accredited investors” within the meaning of Rule 501 under
the Securities Act.

 

ARTICLE III

Representations and Warranties of the Company

SECTION 3.01. 
Organization, Standing and Power. The Company is duly organized, validly existing and in good standing under the
laws of the jurisdiction in which it is organized and in which it has a place of business and has the corporate power and authority
and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease
or otherwise hold its properties and assets and to conduct its businesses as presently conducted, other than such franchises, licenses,
permits, authorizations and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably
be expected to have

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a material adverse
effect on the Company, a material adverse effect on the ability of the Company to perform its obligations under this Agreement
or on the ability of the Company to consummate the Transactions (a “Company Material Adverse Effect”). The Company
is duly qualified to do business in each jurisdiction where the nature of its business or its ownership or leasing of its properties
make such qualification necessary except where the failure to so qualify would not reasonably be expected to have a Company Material
Adverse Effect. The Company has delivered to the Parent true and complete copies of the articles of incorporation and bylaws of
the Company and such other constituent instruments of the Company as may exist, each as amended to the date of this Agreement (as
so amended, the “Company Constituent Instruments”).

SECTION 3.02. 
No Company Subsidiaries. The Company does not, as of the date of this Agreement, own, directly or indirectly, any
capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any other entity.

SECTION 3.03. 
Capital Structure. The Company has 41,850 shares of common stock issued and outstanding. Except as set forth above,
no shares of capital stock or other voting securities of the Company are issued, reserved for issuance or outstanding. All outstanding
shares of the capital stock of the Company are duly authorized, validly issued, fully paid and nonassessable and not subject to
or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or any
similar right under any provision of the applicable corporate laws of Wyoming, the Company Constituent Instruments or any Contract
(as defined in Section 3.05) to which the Company is a party or otherwise bound. Except as set forth in this Section 3.03, there
are not any bonds, debentures, notes or other indebtedness of the Company having the right to vote (or convertible into, or exchangeable
for, securities having the right to vote) on any matters on which holders of Company Shares may vote (“Voting Company
Debt”). Except as set forth above, as of the date of this Agreement, there are not any options, warrants, rights, convertible
or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units, commitments,
Contracts, arrangements or undertakings of any kind to which the Company is a party or by which any of them is bound (a) obligating
the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of capital stock or other equity
interests in, or any security convertible or exercisable for or exchangeable into any capital stock of or other equity interest
in, the Company or any Voting Company Debt, (b) obligating the Company to issue, grant, extend or enter into any such option, warrant,
call, right, security, commitment, Contract, arrangement or undertaking or (c) that give any person the right to receive any economic
benefit or right similar to or derived from the economic benefits and rights occurring to holders of the capital stock of the Company.

SECTION 3.04. 
Authority; Execution and Delivery; Enforceability. The Company has all requisite corporate power and authority to
execute and deliver this Agreement and to consummate the Transactions. The execution and delivery by the Company of this Agreement
and the consummation by the Company of the Transactions have been duly authorized and approved by the Board of Directors of the
Company and no other corporate proceedings on the part of the Company are necessary to authorize this Agreement and the Transactions.
When executed and delivered, this Agreement will be enforceable against the Company in accordance with its terms, subject to bankruptcy,
insolvency and similar laws of general applicability as to which the Company is subject.

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SECTION 3.05. 
No Conflicts; Consents.

(a)               
The execution and delivery by the Company of this Agreement does not, and the consummation of the Transactions and compliance
with the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or
lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss
of a material benefit under, or result in the creation of any Lien upon any of the properties or assets of the Company under any
provision of (a) the Company Constituent Instruments, (b) any material contract, lease, license, indenture, note, bond, agreement,
permit, concession, franchise or other instrument (a “Contract”) to which the Company is a party or by which
any of its properties or assets is bound or (c) subject to the filings and other matters referred to in Section 3.05(b), any material
judgment, order or decree (“Judgment”) or material Law applicable to the Company or its properties or assets,
other than, in the case of clauses (b) and (c) above, any such items that, individually or in the aggregate, have not had and would
not reasonably be expected to have a Company Material Adverse Effect.

(b)              
No material consent, approval, license, permit, order or authorization (“Consent”) of, or registration,
declaration or filing with, or permit from, any Governmental Entity is required to be obtained or made by or with respect to the
Company in connection with the execution, delivery and performance of this Agreement or the consummation of the Transactions.

SECTION 3.06. 
Taxes.

(a)               
The Company has timely filed, or have caused to be timely filed on its behalf, all Tax Returns required to be filed by it,
and all such Tax Returns are true, complete and accurate, except to the extent any failure to file or any inaccuracies in any filed
Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse
Effect. All Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid, except to the extent that any
failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse
Effect. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the
officers of the Company know of no basis for any such claim. No tax audit is in process or threatened and the Company has not received
a notice of assessment from any tax authority indicating a tax assessment or recalculation of any taxes in any tax return previously
filed.

(b)              
For purposes of this Agreement:

“Taxes”
includes all forms of taxation, whenever created or imposed, and whether of the United States or elsewhere, and whether imposed
by a local, municipal, governmental, state, provincial, foreign, federal or other Governmental Entity, or in connection with any
agreement with respect to Taxes, including all interest, penalties and additions imposed with respect to such amounts.

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“Tax Return”
means all federal, state, provincial, local, provincial and foreign Tax returns, declarations, statements, reports, schedules,
forms and information returns and any amended Tax return relating to Taxes.

SECTION 3.07. 
Benefit Plans. The Company does not have or maintain any collective bargaining agreement or any bonus, pension, profit
sharing, deferred compensation, incentive compensation, share ownership, share purchase, share option, phantom stock, retirement,
vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or
not legally binding) providing benefits to any current or former employee, officer or director of the Company (collectively, “Company
Benefit Plans”). As of the date of this Agreement, there are not any severance or termination agreements or arrangements
between the Company and any current or former employee, officer or director of the Company, nor does the Company have any general
severance plan or policy.

SECTION 3.08. 
Litigation. There is no action, suit, inquiry, notice of violation, proceeding (including any partial proceeding
such as a deposition) or investigation pending or threatened in writing against or affecting the Company or any of its properties
before or by any court, arbitrator, governmental or administrative agency, regulatory authority (federal, state, provincial, county,
local or foreign), stock market, stock exchange or trading facility (“Action”) that (i) adversely affects or
challenges the legality, validity or enforceability of any of this Agreement or the Company Shares or (ii) could, if there were
an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in a Company Material Adverse
Effect. Neither the Company, nor any director or officer thereof (in his or her capacity as such), is or has been the subject of
any Action involving a claim or violation of or liability under federal, state or provincial securities laws or a claim of breach
of fiduciary duty.

SECTION 3.09. 
Compliance with Applicable Laws. The Company is in compliance with all applicable Laws, including those relating
to occupational health, labor and safety and the environment, except for instances of noncompliance that, individually and in the
aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect. The Company has not received
any written communication during the past two years from a Governmental Entity that alleges that the Company is not in compliance
in any material respect with any applicable Law. This Section 3.09 does not relate to matters with respect to Taxes, which are
the subject of Section 3.06.

SECTION 3.10. 
Brokers; Schedule of Fees and Expenses. Except for those brokers as to which the Company and Parent shall be solely
responsible, no broker, investment banker, financial advisor or other person is entitled to any broker’s, finder’s,
financial advisor’s or other similar fee or commission in connection with the Transactions based upon arrangements made by
or on behalf of the Company.

SECTION 3.11. 
Contracts. There are no Contracts that are material to the business, properties, assets, condition (financial or
otherwise), results of operations or prospects of the Company taken as a whole. The Company is not in violation of or in default
under (nor does there exist any condition which upon the passage of time or the giving of notice would cause such a violation of
or default under) any Contract to which it is a party or by which it or any of its properties or assets is bound, except for violations
or defaults that would not, individually or in the aggregate, reasonably be expected to result in a Company Material Adverse Effect.

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SECTION 3.12. 
Title to Properties. The Company does not own any real or immoveable property. The Company has sufficient title to,
or valid leasehold interests in, all of its properties and assets used in the conduct of its businesses. All such assets and properties,
other than assets and properties in which the Company has leasehold interests, are free and clear of all Liens except for Liens
that, in the aggregate, do not and will not materially interfere with the ability of the Company to conduct business as currently
conducted.

SECTION 3.13. 
Intellectual Property. The Company owns, or is validly licensed or otherwise has the right to use, all patents, patent
rights, trademarks, trademark rights, trade names, trade name rights, service marks, service mark rights, copyrights and other
proprietary intellectual property rights and computer programs (collectively, “Intellectual Property Rights”)
that are material to the conduct of the business of the Company taken as a whole. There are no claims pending or, to the knowledge
of the Company, threatened that the Company is infringing or otherwise adversely affecting the rights of any person with regard
to any Intellectual Property Right. To the knowledge of the Company, no person is infringing the rights of the Company with respect
to any Intellectual Property Right.

SECTION 3.14. 
Labor Matters. There are no collective bargaining or other labor union agreements to which the Company is a party
or by which it is bound. No material labor dispute exists or, to the knowledge of the Company, is imminent with respect to any
of the employees of the Company.

SECTION 3.15. 
Solvency. Based on the financial condition of the Company as of the Closing Date (and assuming that the Closing shall
have occurred), (a) the Company’s fair saleable value of its assets exceeds the amount that will be required to be paid on
or in respect of the Company’s existing debts and other liabilities (including known contingent liabilities) as they mature,
(b) the Company’s assets do not constitute unreasonably small capital to carry on its business for the current fiscal year
as now conducted and as proposed to be conducted including its capital needs taking into account the particular capital requirements
of the business conducted by the Company, and projected capital requirements and capital availability thereof, and (c) the current
cash flow of the Company, together with the proceeds the Company would receive, were it to liquidate all of its assets, after taking
into account all anticipated uses of the cash, would be sufficient to pay all amounts on or in respect of its debt when such amounts
are required to be paid. The Company does not intend to incur debts beyond its ability to pay such debts as they mature (taking
into account the timing and amounts of cash to be payable on or in respect of its debt). The Company is not insolvent or bankrupt
and it has not filed for protection under applicable law. Moreover, there has been no petition in bankruptcy filed by the Company
or against the Company.

SECTION 3.16. 
Application of Takeover Protections. The Company has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other
similar anti-takeover provision under the Company’s charter documents or the laws of its jurisdiction of formation that is
or could become applicable to the Shareholders as a result of the Shareholders and the Company fulfilling their obligations or
exercising their rights under this Agreement, including, without limitation, the issuance of and the Shareholder’s ownership
of the Parent Shares.

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SECTION 3.17. 
No Additional Agreements. The Company does not have any agreement or understanding with the Shareholders with respect
to the transactions contemplated by this Agreement other than as specified in this Agreement.

SECTION 3.18. 
Investment Company. The Company immediately following the Closing will not have become, an “investment company”
within the meaning of the Investment Company Act of 1940, as amended.

SECTION 3.19. 
Foreign Corrupt Practices. Neither the Company nor any Company Subsidiary, nor, to the Company’s knowledge,
any director, officer, agent, employee or other person acting on behalf of the Company or any Company Subsidiary has, in the course
of its actions for, or on behalf of, the Company (a) used any corporate funds for any unlawful contribution, gift, entertainment
or other unlawful expenses relating to political activity; (b) made any direct or indirect unlawful payment to any foreign or domestic
government official or employee from corporate funds; (c) violated or is in violation of any provision of the U.S. Foreign Corrupt
Practices Act of 1977, as amended; or (d) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful
payment to any foreign or domestic government official or employee.

ARTICLE IV

Representations and Warranties of the Parent

SECTION 4.01. 
Organization, Standing and Power. The Parent is duly organized, validly existing and in good standing under the laws
of the State of Nevada and has full corporate power and authority and possesses all governmental franchises, licenses, permits,
authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its
businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of which,
individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on the Parent,
a material adverse effect on the ability of the Parent to perform its obligations under this Agreement or on the ability of the
Parent to consummate the Transactions (a “Parent Material Adverse Effect”). The Parent is duly qualified to
do business in each jurisdiction where the nature of its business or the ownership or leasing of its properties make such qualification
necessary and where the failure to so qualify would reasonably be expected to have a Parent Material Adverse Effect. The Parent
has delivered to the Company true and complete copies of the articles of incorporation of the Parent, as amended to the date of
this Agreement (as so amended, the “Parent Charter”), and the Bylaws of the Parent, as amended to the date of
this Agreement (as so amended, the “Parent Bylaws”).

SECTION 4.02. 
Subsidiaries; Equity Interests.

(a)               
Schedule 4.02 lists each Company Subsidiary and its jurisdiction of organization. All the outstanding shares of capital
stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable and are as
of the date of this Agreement owned by the Company, by another Company Subsidiary or by the Company and another Company Subsidiary,
free and clear of all Liens.

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(b)              
Except for its interests in the Company Subsidiaries, the Company does not as of the date of this Agreement own, directly
or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in
any person.

SECTION 4.03. 
Capital Structure. The authorized capital stock of the Parent consists of (1) 200,000,000 shares of common stock,
par value $0.001 per share, of which (a) 25,782,444 shares are issued and outstanding (before giving effect to the issuances to
be made at Closing), and (b) no shares of common stock are reserved by the Parent in its treasury; and (2) 20,000 shares of preferred
stock, par value $0.001 per share, of which 0 shares are issued an outstanding as Series E Preferred Stock, and (b) no shares of
preferred stock are reserved by the Parent in its treasury. No other shares of capital stock or other voting securities of the
Parent are issued, reserved for issuance or outstanding. All outstanding shares of the capital stock of the Parent are, and all
such shares that may be issued prior to the date hereof will be when issued, duly authorized, validly issued, fully paid and non-assessable
and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription
right or any similar right under any provision of the Nevada Revised Statutes, the Parent Charter, the Parent Bylaws or any Contract
to which the Parent is a party or otherwise bound. There are not any bonds, debentures, notes or other indebtedness of the Parent
having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which
holders of the Parent Shares may vote (“Voting Parent Debt”). Except as set forth above, as of the date of this
Agreement, there are no options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights,
stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which
the Parent is a party or by which it is bound (a) obligating the Parent to issue, deliver or sell, or cause to be issued, delivered
or sold, additional shares of capital stock or other equity interests in, or any security convertible or exercisable for or exchangeable
into any capital stock of or other equity interest in, the Parent or any Voting Parent Debt, (b) obligating the Parent to issue,
grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking or
(c) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits and
rights occurring to holders of the capital stock of the Parent. As of the date of this Agreement, there are no outstanding contractual
obligations of the Parent to repurchase, redeem or otherwise acquire any shares of capital stock of the Parent. The Parent is not
a party to any agreement granting any security holder of the Parent the right to cause the Parent to register shares of the capital
stock or other securities of the Parent held by such security holder under the Securities Act. The stockholder list provided to
the Company is a current stockholder list generated by the Parent’s stock transfer agent, and such list accurately reflects
all of the issued and outstanding shares of the Parent Shares as at the Closing.

SECTION 4.04. 
Authority; Execution and Delivery; Enforceability. The execution and delivery by the Parent of this Agreement and
the consummation by the Parent of the Transactions have been duly authorized and approved by the Board of Directors of the Parent
and no other corporate proceedings on the part of the Parent are necessary to authorize this Agreement and the Transactions. This
Agreement constitutes a legal, valid and binding obligation of the Parent, enforceable against the Parent in accordance with the
terms hereof.

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SECTION 4.05. 
No Conflicts; Consents.

(a)               
The execution and delivery by the Parent of this Agreement, does not, and the consummation of the Transactions and compliance
with the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or
lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss
of a material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any person under,
or result in the creation of any Lien upon any of the properties or assets of the Parent under, any provision of (a) the Parent
Charter or Parent Bylaws, (b) any material Contract to which the Parent is a party or by which any of its properties or assets
is bound or (c) subject to the filings and other matters referred to in Section 4.05(b), any material Judgment or material Law
applicable to the Parent or its properties or assets, other than, in the case of clauses (b) and (c) above, any such items that,
individually or in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect.

(b)              
No Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required to be obtained
or made by or with respect to the Parent in connection with the execution, delivery and performance of this Agreement or the consummation
of the Transactions.

SECTION 4.06. 
OTC Documents; Undisclosed Liabilities.

(a)               
The Parent has filed all reports, schedules, forms, statements and other documents required to be filed by the Parent with
OTC Markets Group, Inc. in order to achieve and maintain the “Pink – Current” designation for the quotation of
its common (the “Parent OTC Documents”).

(b)              
As of its respective filing date, each Parent OTC Document complied in all material respects with the published guidelines
and requirements of OTC Markets Group, Inc., and did not contain any untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which
they were made, not misleading. Except to the extent that information contained in any Parent OTC Document has been revised or
superseded by a later filed Parent OTC Document, none of the Parent OTC Documents contains any untrue statement of a material fact
or omits to state any material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading. The consolidated financial statements of the Parent included in
the Parent OTC Documents comply as to form in all material respects with applicable accounting requirements and the published guidelines
and requirements of OTC Markets Group, Inc. with respect thereto, have been prepared in accordance with U.S. generally accepted
accounting principles (“GAAP”), and fairly present the consolidated financial position of the Parent as of the
dates thereof and the results of operations and cash flows for the periods shown.

(c)               
Except as set forth in the filed Parent OTC Documents, the Parent has no liabilities or obligations of any nature (whether
accrued, absolute, contingent or otherwise) required by GAAP to be set forth on a balance sheet of the Parent or in the notes thereto.
On or prior to the Closing, all liabilities of the Parent have been paid, settled, or otherwise discharged in full, and shall in
no event remain liabilities of the Parent, the Company or the Shareholder following the Closing.

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SECTION 4.07. 
Information Supplied. None of the information supplied or to be supplied by the Parent for inclusion or incorporation
by reference in any OTC Markets Group, Inc. filing of report by the Company contains any untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they are made, not misleading.

SECTION 4.08. 
Absence of Certain Changes or Events. Except as disclosed in the filed Parent OTC Documents, from the date of the
most recent financial statements included in the filed Parent OTC Documents to the date of this Agreement, the Parent has conducted
its business only in the ordinary course, and during such period there has not been:

(a)               
any change in the assets, liabilities, financial condition or operating results of the Parent from that reflected in the
Parent OTC Documents, except changes in the ordinary course of business that have not caused, in the aggregate, a Parent Material
Adverse Effect;

(b)              
any damage, destruction or loss, whether or not covered by insurance, that would have a Parent Material Adverse Effect;

(c)               
any waiver or compromise by the Parent of a valuable right or of a material debt owed to it;

(d)              
any satisfaction or discharge of any lien, claim, or encumbrance or payment of any obligation by the Parent, except in the
ordinary course of business and the satisfaction or discharge of which would not have a Parent Material Adverse Effect;

(e)               
any material change to a material Contract by which the Parent or any of its assets is bound or subject;

(f)               
any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder;

(g)              
any resignation or termination of employment of any officer of the Parent;

(h)              
any mortgage, pledge, transfer of a security interest in, or lien, created by the Parent, with respect to any of its material
properties or assets, except liens for taxes not yet due or payable and liens that arise in the ordinary course of business and
do not materially impair the Parent’s ownership or use of such property or assets;

(i)                
any loans or guarantees made by the Parent to or for the benefit of its employees, officers or directors, or any members
of their immediate families, other than travel advances and other advances made in the ordinary course of its business;

(j)                
any declaration, setting aside or payment or other distribution in respect of any of the Parent’s capital stock, or
any direct or indirect redemption, purchase, or other acquisition of any of such stock by the Parent;

    	 	11	 

    	 

    

 

(k)              
any alteration of the Parent’s method of accounting or the identity of its auditors;

(l)                
any issuance of equity securities to any officer, director or affiliate (as defined in the Securities Act), except pursuant
to existing Parent Shares option plans; or

(m)            
any arrangement or commitment by the Parent to do any of the things described in this Section 4.08.

SECTION 4.09. 
Taxes.

(a)               
The Parent has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it,
and all such Tax Returns are true, complete and accurate, except to the extent any failure to file, any delinquency in filing or
any inaccuracies in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected
to have a Parent Material Adverse Effect. All Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid,
except to the extent that any failure to pay, individually or in the aggregate, has not had and would not reasonably be expected
to have a Parent Material Adverse Effect.

(b)              
The most recent financial statements contained in the filed Parent OTC Documents reflect an adequate reserve for all Taxes
payable by the Parent (in addition to any reserve for deferred Taxes to reflect timing differences between book and Tax items)
for all Taxable periods and portions thereof through the date of such financial statements. No deficiency with respect to any Taxes
has been proposed, asserted or assessed against the Parent, and no requests for waivers of the time to assess any such Taxes are
pending, except to the extent any such deficiency or request for waiver, individually or in the aggregate, has not had and would
not reasonably be expected to have a Parent Material Adverse Effect.

(c)               
There are no Liens for Taxes (other than for current Taxes not yet due and payable) on the assets of the Parent. The Parent
is not bound by any agreement with respect to Taxes.

SECTION 4.10. 
Absence of Changes in Benefit Plans. From the date of the most recent audited financial statements included in the
filed Parent OTC Documents to the date of this Agreement, there has not been any adoption or amendment in any material respect
by the Parent of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation,
stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization,
medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former
employee, officer or director of the Parent (collectively, “Parent Benefit Plans”). As of the date of this Agreement
there are not any employment, consulting, indemnification, severance or termination agreements or arrangements between the Parent
and any current or former employee, officer or director of the Parent, nor does the Parent have any general severance plan or policy.

    	 	12	 

    	 

    

 

SECTION 4.11. 
ERISA Compliance; Excess Parachute Payments. The Parent does not, and since its inception never has, maintained,
or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare
benefit plans” (as defined in Section 3(1) of ERISA) or any other Parent Benefit Plan for the benefit of any current or former
employees, consultants, officers or directors of the Parent.

SECTION 4.12. 
Litigation. There is no Action that (i) adversely affects or challenges the legality, validity or enforceability
of any of this Agreement or the Parent Shares or (ii) could, if there were an unfavorable decision, individually or in the aggregate,
have or reasonably be expected to result in a Parent Material Adverse Effect. Neither the Parent nor any subsidiary, nor any director
or officer thereof (in his or her capacity as such), is or has been the subject of any Action involving a claim or violation of
or liability under federal or state securities laws or a claim of breach of fiduciary duty.

SECTION 4.13. 
Compliance with Applicable Laws. The Parent is in compliance with all applicable Laws, including those relating to
occupational health and safety, the environment, export controls, trade sanctions and embargoes, except for instances of noncompliance
that, individually and in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect.
The Parent has not received any written communication during the past two years from a Governmental Entity that alleges that the
Parent is not in compliance in any material respect with any applicable Law. This Section 4.13 does not relate to matters with
respect to Taxes, which are the subject of Section 4.09.

SECTION 4.14. 
Contracts. Except as disclosed in the Parent OTC Documents, there are no Contracts that are material to the business,
properties, assets, condition (financial or otherwise), results of operations or prospects of the Parent taken as a whole. The
Parent is not in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving
of notice would cause such a violation of or default under) any Contract to which it is a party or by which it or any of its properties
or assets is bound, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected
to result in a Parent Material Adverse Effect.

SECTION 4.15. 
Title to Properties. The Parent has good title to, or valid leasehold interests in, all of its properties and assets
used in the conduct of its businesses. All such assets and properties, other than assets and properties in which the Parent has
leasehold interests, are free and clear of all Liens except for Liens that, in the aggregate, do not and will not materially interfere
with the ability of the Parent to conduct business as currently conducted. The Parent has complied in all material respects with
the terms of all material leases to which it is a party and under which it is in occupancy, and all such leases are in full force
and effect. The Parent enjoys peaceful and undisturbed possession under all such material leases.

SECTION 4.16. 
Intellectual Property. The Parent owns, or is validly licensed or otherwise has the right to use, all Intellectual
Property Rights that are material to the conduct of the business of the Parent taken as a whole. No claims are pending or, to the
knowledge of the Parent, threatened that the Parent is infringing or otherwise adversely affecting the rights of any person with
regard to any Intellectual Property Right. To the knowledge of the Parent, no person is infringing the rights of the Parent with
respect to any Intellectual Property Right.

    	 	13	 

    	 

    

 

SECTION 4.17. 
Labor Matters. There are no collective bargaining or other labor union agreements to which the Parent is a party
or by which it is bound. No material labor dispute exists or, to the knowledge of the Parent, is imminent with respect to any of
the employees of the Parent.

SECTION 4.18. 
Market Makers. The Parent has at least two (2) market makers for the Parent Shares and such market makers have obtained
all permits and made all filings necessary in order for such market makers to continue as market makers of the Parent.

SECTION 4.19. 
Transactions With Affiliates and Employees. Except as set forth in the filed Parent OTC Documents, none of the officers
or directors of the Parent and, to the knowledge of the Parent, none of the employees of the Parent is presently a party to any
transaction with the Parent or any subsidiary (other than for services as employees, officers and directors), including any contract,
agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property
to or from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Parent,
any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee
or partner.

SECTION 4.20. 
Solvency. Based on the financial condition of the Parent as of the Closing Date (and assuming that the Closing shall
have occurred), (a) the Parent’s fair saleable value of its assets exceeds the amount that will be required to be paid on
or in respect of the Parent’s existing debts and other liabilities (including known contingent liabilities) as they mature,
(b) the Parent’s assets do not constitute unreasonably small capital to carry on its business for the current fiscal year
as now conducted and as proposed to be conducted including its capital needs taking into account the particular capital requirements
of the business conducted by the Parent, and projected capital requirements and capital availability thereof, and (c) the current
cash flow of the Parent, together with the proceeds the Parent would receive, were it to liquidate all of its assets, after taking
into account all anticipated uses of the cash, would be sufficient to pay all amounts on or in respect of its debt when such amounts
are required to be paid. The Parent does not intend to incur debts beyond its ability to pay such debts as they mature (taking
into account the timing and amounts of cash to be payable on or in respect of its debt).

SECTION 4.21. 
Application of Takeover Protections. The Parent has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other
similar anti-takeover provision under the Parent’s charter documents or the laws of its state of incorporation that is or
could become applicable to the Shareholder as a result of the Shareholder and the Parent fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Parent Shares and the Shareholder’s
ownership of the Parent Shares.

SECTION 4.22. 
No Additional Agreements. The Parent does not have any agreement or understanding with the Shareholder with respect
to the transactions contemplated by this Agreement other than as specified in this Agreement.

    	 	14	 

    	 

    

 

SECTION 4.23. 
Investment Company. The Parent is not, and is not an affiliate of, and immediately following the Closing will not
have become, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

SECTION 4.24. 
Certain Registration Matters. The Parent has not granted or agreed to grant to any person any rights (including “piggy-back”
registration rights) to have any securities of the Parent registered with the OTC or any other governmental authority that have
not been satisfied.

SECTION 4.25. 
Quotation Requirements. The Parent is, and has no reason to believe that it will not in the foreseeable future continue
to be, in compliance with the requirements for continued quotation of the Parent Shares on the “Pink – Current”
tier of the trading market operated by OTC Markets Group, Inc. The issuance and sale of the Parent Shares under this Agreement
do not contravene the rules and guidelines of the trading market on which the Parent Shares are currently quoted, and no approval
of the stockholders of the Parent is required for the Parent to issue and deliver to the Shareholder the Parent Shares contemplated
by this Agreement.

SECTION 4.26. 
Foreign Corrupt Practices. Neither the Parent, nor to the Parent’s knowledge, any director, officer, agent,
employee or other person acting on behalf of the Parent has, in the course of its actions for, or on behalf of, the Parent (a)
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
(b) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds;
(c) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (d) made any
unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official
or employee.

 

ARTICLE V

Deliveries

SECTION 5.01. 
Deliveries of the Shareholders.

(a)               
Concurrently herewith the Shareholders are delivering to the Parent this Agreement executed by the Shareholder.

(b)              
At or prior to the Closing, the Shareholder shall deliver to the Parent:

		(i)	certificates representing its Company Shares; and

		(ii)	a duly executed share transfer power for transfer by the Shareholders of the Company Shares to
the Parent; and

    	 	15	 

    	 

    

 

SECTION 5.02. 
Deliveries of the Parent.

(a)               
Concurrently herewith, the Parent is delivering to the Shareholders and to the Company, a copy of this Agreement executed
by the Parent.

(b)              
At or prior to the Closing, the Parent shall deliver to the Company:

		(i)	a certificate from the Parent, signed by its Secretary or Assistant Secretary certifying that the
attached copies of the Parent Charter, Parent Bylaws and resolutions of the Board of Directors of the Parent and of the stockholders
of the Parent approving this Agreement and the transactions contemplated hereunder, are all true, complete and correct and remain
in full force and effect;

		(ii)	letters of resignation of Philippe Uhrik from all executive offices he holds with the Parent and
as a director of the Parent;

		(iii)	evidence of the election of Vincent Andreula as a director of the Parent effective upon the Closing;

		(iv)	evidence of the appointment of Vincent Andreula as the Chief Executive Officer, President, Chief
Financial Officer, Secretary and Treasurer of the Parent effective upon the Closing;

		(v)	such pay-off letters and releases relating to liabilities as the Company shall require in order
to result in the Parent having no liabilities at Closing; such pay-off letters and releases shall be in form and substance satisfactory
to the Company;

		(vi)	if requested, the results of UCC, judgment lien and tax lien searches with respect to the Parent,
the results of which indicate no liens on the assets of the Parent;

		(vii)	a duly executed Indemnity Agreement executed by Philippe Uhrik and Walter Stock in the form attached
hereto as Exhibit A;

		(viii)	the original stock certificate No. 219 in the name of Philippe Uhrik, together with such documentation
executed by Mr. Uhrik, duly executed and endorsed, as is required by the Parent’s transfer agent to cancel 14,100,000 shares
of common stock held by Mr. Uhrik, leaving Mr. Uhrik as the holder of 100,000 shares of common stock in the Parent;

		(ix)	all documents necessary to convert the Parent’s 5% Convertible Promissory Note dated June
1, 2014, to a total of 2,000,000 shares of common stock in the Parent, duly executed by the current holder(s) thereof; and

    	 	16	 

    	 

    

 

		(x)	a waiver of the anti-dilution and related rights granted to Walter Stock under the Agreement dated
June 17, 2017, in a form acceptable to the Company.

(c)               
Promptly following the Closing, the Parent shall deliver to the Shareholders, certificates representing the Parent Shares.

SECTION 5.03. 
Deliveries of the Company.

(a)               
Concurrently herewith, the Company is delivering to the Parent this Agreement executed by the Company.

(b)              
At or prior to the Closing, the Company shall deliver to the Parent a certificate from the Company, signed by its authorized
officer certifying that the attached copies of the Company Constituent Instruments and resolutions of the Board of Directors and
Shareholders of the Company approving the Agreement and the Transactions are all true, complete and correct and remain in full
force and effect.

ARTICLE VI

Conditions to Closing

 

SECTION 6.01. 
Shareholders and Company Conditions Precedent. The obligations of the Shareholders and the Company to enter into
and complete the Closing is subject, at the option of the Shareholders and the Company, to the fulfillment on or prior to the Closing
Date of the following conditions, any one or more of which may be waived by the Shareholders and the Company in writing.

(a)               
Representations and Covenants. The representations and warranties of the Parent contained in this Agreement shall
be true in all material respects on and as of the Closing Date with the same force and effect as though made on and as of the Closing
Date. The Parent shall have performed and complied in all material respects with all covenants and agreements required by this
Agreement to be performed or complied with by the Parent on or prior to the Closing Date. The Parent shall have delivered to the
Shareholders and the Company, a certificate, dated the Closing Date, to the foregoing effect.

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transactions or to seek damages or a discovery order in connection with such Transactions, or which has or may have, in the reasonable
opinion of the Company or the Shareholders, a materially adverse effect on the assets, properties, business, operations or condition
(financial or otherwise) of the Parent or the Company.

    	 	17	 

    	 

    

 

(c)               
No Material Adverse Change. There shall not have been any occurrence, event, incident, action, failure to act, or
transaction since September 30, 2017 which has had or is reasonably likely to cause a Parent Material Adverse Effect.

(d)              
OTC Reports. The Parent shall have filed all reports and other documents required to be filed by Parent under the
guidelines and requirements of OTC Markets Group, Inc. through the Closing Date.

(e)               
OTCQB Quotation. The Parent shall have maintained its status as a company whose common stock is quoted on the Pink
– Current tier of the market operated by OTC Markets Group, Inc. and no reason shall exist as to why such status shall not
continue immediately following the Closing.

(f)               
Deliveries. The deliveries specified in Section 5.02 shall have been made by the Parent.

(g)              
No Suspensions of Trading in Parent Shares; Listing. Trading in the Parent Shares shall not have been suspended by
the SEC or any trading market (except for any suspensions of trading of not more than one trading day solely to permit dissemination
of material information regarding the Parent) at any time since the date of execution of this Agreement, and the Parent Shares
shall have been at all times since such date listed for trading on a trading market.

(h)              
Satisfactory Completion of Due Diligence. The Company and the Shareholders shall have completed their legal, accounting
and business due diligence of the Parent and the results thereof shall be satisfactory to the Company and the Shareholders in their
sole and absolute discretion.

SECTION 6.02. 
Parent Conditions Precedent. The obligations of the Parent to enter into and complete the Closing are subject, at
the option of the Parent, to the fulfillment on or prior to the Closing Date of the following conditions, any one or more of which
may be waived by the Parent in writing.

(a)               
Representations and Covenants. The representations and warranties of the Shareholders and the Company contained in
this Agreement shall be true in all material respects on and as of the Closing Date with the same force and effect as though made
on and as of the Closing Date. The Shareholders and the Company shall have performed and complied in all material respects with
all covenants and agreements required by this Agreement to be performed or complied with by the Shareholders and the Company on
or prior to the Closing Date. The Company shall have delivered to the Parent, if requested, a certificate, dated the Closing Date,
to the foregoing effect.

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transactions or to seek damages or a discovery order in connection with such Transactions, or which has or may have, in the reasonable
opinion of the Parent, a materially adverse effect on the assets, properties, business, operations or condition (financial or otherwise)
of the Parent.

    	 	18	 

    	 

    

 

(c)               
No Material Adverse Change. There shall not have been any occurrence, event, incident, action, failure to act, or
transaction which has had or is reasonably likely to cause a Company Material Adverse Effect.

(d)              
Deliveries. The deliveries specified in Section 5.01 and Section 5.03 shall have been made by the Shareholders and
the Company, respectively.

(e)               
Satisfactory Completion of Due Diligence. The Parent shall have completed its legal, accounting and business due
diligence of the Company and the Shareholders and the results thereof shall be satisfactory to the Parent in its sole and absolute
discretion.

ARTICLE VII

Covenants

SECTION 7.01. 
Public Announcements. Prior to the Closing, the Parent and the Company will consult with each other before issuing,
and provide each other the opportunity to review and comment upon, any press releases or other public statements with respect to
the Agreement and the Transactions and shall not issue any such press release or make any such public statement prior to such consultation,
except as may be required by applicable Law, court process or by obligations pursuant to any listing agreement with any national
securities exchanges.

SECTION 7.02. 
Fees and Expenses. All fees and expenses incurred in connection with this Agreement shall be paid by the Party incurring
such fees or expenses, whether or not this Agreement is consummated.

SECTION 7.03. 
Continued Efforts. Each Party shall use commercially reasonable efforts to (a) take all action reasonably necessary
to consummate the Transactions, and (b) take such steps and do such acts as may be necessary to keep all of its representations
and warranties true and correct as of the Closing Date with the same effect as if the same had been made, and this Agreement had
been dated, as of the Closing Date.

SECTION 7.04. 
Exclusivity. Each of the Parent and the Company shall not (and shall not cause or permit any of their affiliates
to) engage in any discussions or negotiations with any person or take any action that would be inconsistent with the Transactions
and that has the effect of avoiding the Closing contemplated hereby. Each of the Parent and the Company shall notify each other
immediately if any person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing.

SECTION 7.05. 
Access. Each Party shall permit representatives of any other Party to have full access to all premises, properties,
personnel, books, records (including Tax records), contracts, and documents of or pertaining to such Party.

SECTION 7.06. 
Preservation of Business. From the date of this Agreement until the Closing Date, the Company and the Parent shall
operate only in the ordinary and usual course of business consistent with their respective past practices (provided, however, that
Parent shall not

    	 	19	 

    	 

    

 

issue any securities
without the prior written consent of the Company), and shall use reasonable commercial efforts to (a) preserve intact their respective
business organizations, (b) preserve the good will and advantageous relationships with customers, suppliers, independent contractors,
employees and other persons material to the operation of their respective businesses, and (c) not permit any action or omission
that would cause any of their respective representations or warranties contained herein to become inaccurate or any of their respective
covenants to be breached in any material respect.

ARTICLE VIII

Miscellaneous

SECTION 8.01. 
Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in writing
and shall be deemed given upon receipt by the Parties at the following addresses (or at such other address for a Party as shall
be specified by like notice):

If to the Parent, to:

 

Imperalis Holding Corp.

9101 LBJ Freeway, Suite 650

Dallas, TX 75243

Attention: Phil Uhrik

 

If to the Company, to:

 

The Crypto Currency Mining Company,
Inc.

1028 Straits Rd.

New
Hampton, NH 03256

Attention: Vincent Andreula

SECTION 8.02. 
Amendments; Waivers; No Additional Consideration. No provision of this Agreement may be waived or amended except
in a written instrument signed by the Company, Parent and the Shareholders. No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent
default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise
any right hereunder in any manner impair the exercise of any such right.

SECTION 8.03. 
Replacement of Securities. If any certificate or instrument evidencing any Parent Shares is mutilated, lost, stolen
or destroyed, the Parent shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in
lieu of and substitution therefore, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory
to the Parent of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new
certificate or instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance
of such replacement Parent Shares. If a replacement certificate or instrument evidencing any Parent Shares is requested due to
a mutilation thereof, the Parent may require delivery of such mutilated certificate or instrument as a condition precedent to any
issuance of a replacement.

    	 	20	 

    	 

    

 

SECTION 8.04. 
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery
of damages, the Shareholders, the Parent and the Company will be entitled to specific performance under this Agreement. The Parties
agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described
in the foregoing sentence and hereby agree to waive in any action for specific performance of any such obligation the defense that
a remedy at law would be adequate.

SECTION 8.05. 
Interpretation. When a reference is made in this Agreement to a Section, such reference shall be to a Section of
this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

SECTION 8.06. 
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
by any rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force
and effect so long as the economic or legal substance of the Transactions contemplated hereby is not affected in any manner materially
adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely
as possible in an acceptable manner to the end that Transactions contemplated hereby are fulfilled to the extent possible.

SECTION 8.07. 
Counterparts; Facsimile Execution. This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the
Parties and delivered to the other Parties. Facsimile execution and delivery of this Agreement is legal, valid and binding for
all purposes.

SECTION 8.08. 
Entire Agreement; Third Party Beneficiaries. This Agreement is intended to: (a) constitute the entire agreement,
and supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the Transactions
and (b) is not intended to confer upon any person other than the Parties any rights or remedies.

SECTION 8.09. 
Governing Law. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State
of Nevada, without reference to principles of conflicts of laws. Any action or proceeding brought for the purpose of enforcement
of any term or provision of this Agreement shall be brought only in the federal or state courts sitting in Las Vegas, Nevada, and
the parties hereby waive any and all rights to trial by jury.

SECTION 8.10. 
Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be
assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the
other Parties. Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement
will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.

[Signature Page Follows]

 

    	 	21	 

    	 

    

 

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

 

The Parent:

IMPERALIS HOLDING CORP.

 

 

By: /s/ Philippe Uhrik

Name: Philippe Uhrik

Title: President and CEO

 

 

 

The Company:

THE CRYPTO CURRENCY MINING COMPANY, INC.

 

 

By: /s/ Vincent Andreula

Name: Vincent Andreula

Title: President and CEO

 

 

The Shareholders:

/s/ Vincent Andeula 

Vincent Andreula (41,850 shares)

 

    	 	22THE SECURITIES
REFERENCED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT
WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT
AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

 

CONVERTIBLE PROMISSORY
NOTE

 

FOR VALUE RECEIVED, and subject to the terms
and conditions set forth herein, Imperalis Holding Corp, a Nevada corporation (the “Maker”), hereby unconditionally
promises to pay to the order of GCEF Opportunity Fund, LLC. (the “Noteholder”, and together with the Maker, the “Parties”),
all sums advanced to the Maker by the Noteholder hereunder, up to the maximum principal amount of $75,000.00 (the “Loan”),
together with all accrued interest thereon, as provided in this Negotiable Convertible Promissory Note (the “Note”,
as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms).

 

1.              
DEFINITIONS. Capitalized terms used herein shall have the meanings set forth in this Section 1.

“Applicable Rate”
means the rate equal to ten percent (10%) per annum.

 

“Business
Day” means a day other than a Saturday, Sunday or other day on which commercial banks in Los Angeles are authorized or
required by law to close.

 

“Default”
means any of the events specified in Section 7 that constitutes an Event of Default or which, upon the giving of notice, the lapse
of time, or both pursuant to Section 7 would, unless cured or waived, become an Event of Default.

 

“Default
Rate” means, at any time, the Applicable Rate plus 2%.

 

“Event
of Default” has the meaning set forth in Section 7.

 

“Governmental
Authority” means the government of any nation or any political subdivision thereof, whether at the national, state, territorial,
provincial, municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central bank or other
entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining
to, government (including any supranational bodies such as the European Union or the European Central Bank).

 

“Law”
as to any Person, means any law (including common law), statute, ordinance, treaty, rule, regulation, policy or requirement of
any Governmental Authority and authoritative interpretations thereon, whether now or hereafter in effect, in each case, applicable
to or binding on such Person or any of its properties or to which such Person or any of its properties is subject.

 

“Loan”
has the meaning set forth in the introductory paragraph. “Maker” has the meaning set forth in the introductory paragraph.

 

    	 		 

    	 

    

 

“Maturity
Date” means the earlier of (a) the one-year anniversary date of the date hereof and (b) the date on which
all amounts under this Note shall become due and payable pursuant to Section 8.

 

“Note”
has the meaning set forth in the introductory paragraph.

“Noteholder”
has the meaning set forth in the introductory paragraph.

“Order”
as to any Person, means any order, decree, judgment, writ, injunction, settlement agreement, requirement or determination of an
arbitrator or a court or other Governmental Authority, in each case, applicable to or binding on such Person or any of its properties
or to which such Person or any of its properties is subject.

 

“Parties” has
the meaning set forth in the introductory paragraph.

 

“Person”
means any individual, corporation, limited liability company, trust, joint venture, association, company, limited or general partnership,
unincorporated organization, Governmental Authority or other entity.

 

		2.	FINAL PAYMENT DATE; OPTIONAL PREPAYMENTS.

 

2.1                
Final Payment Date. The aggregate unpaid principal amount of the Loan, all accrued and unpaid interest and
all other amounts payable under this Note shall be due and payable on the Maturity Date.

 

2.2                
Optional Prepayment. The Maker may prepay the Loan in whole or in part at any time or from time to time without
penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.
No prepaid amount may be reborrowed.

 

		3.	INTEREST.

 

3.1                
Interest Rate. Except as otherwise provided herein, the outstanding principal amount of the Loan made hereunder
shall bear interest at the Applicable Rate from the date the Loan was made until the Loan is paid in full, whether at maturity,
upon acceleration, by prepayment or otherwise.

 

3.2                
Default Interest. If any amount payable hereunder is not paid when due (without regard to any applicable
grace periods), whether at stated maturity, by acceleration or otherwise, such overdue amount shall bear interest at the Default
Rate from the date of such non-payment until such amount is paid in full.

 

3.3                
Computation of Interest. All computations of interest shall be made on the basis of a year of 365/366
days, as the case may be, and the actual number of days elapsed. Interest shall accrue on the Loan on the day on which such Loan
is made and shall not accrue on the Loan on the day on which it is paid.

 

3.4                
Interest Rate Limitation. If at any time and for any reason whatsoever, the interest rate payable on
the Loan shall exceed the maximum rate of interest permitted to be charged by the Noteholder to the Maker under applicable Law,
such interest rate shall be reduced automatically to the maximum rate of interest permitted to be charged under applicable Law.

 

    	 	2	 

    	 

    

 

		4.	CONVERSION.

 

4.1                
Conversion into Stock of the Maker. Upon request by the Noteholder of this Note, Borrower shall convert
the principal amount, or any portion thereof plus accrued but unpaid interest, into shares of common stock or preferred stock of
the Maker at a conversion rate of .005 per share within 48 hours of the Noteholder’s conversion request.

 

4.2                
Conversion Restriction. The Maker shall not effect any conversions of this Note and the Noteholder
shall not have the right to convert any portion of this Note, or receive shares of common stock as payment of interest hereunder,
to the extent that after giving effect to such conversion or receipt of such interest payment, the Noteholder, together with any
affiliate thereof, would beneficially own (as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934,
as amended, and the rules promulgated thereunder) in excess of 9.99% of the number of shares of common stock of the Maker outstanding
immediately after giving effect to such conversion or receipt of shares as payment of interest.

 

		5.	PAYMENT MECHANICS.

 

5.1                
Manner of Payment. All payments of interest and principal shall be made in lawful money of the United States
of America no later than 12:00 PM on the date on which such payment is due by cashier’s check, certified check or by wire
transfer of immediately available funds to the Noteholder’s account at a bank specified by the Noteholder in writing to the
Maker from time to time.

 

5.2                
Application of Payments. All payments made hereunder shall be applied first, to the payment of any fees or
charges outstanding hereunder, second, to accrued interest and third, to the payment of the principal amount outstanding under
the Note.

 

5.3                
Business Day Convention. Whenever any payment to be made hereunder shall be due on a day that is not a Business
Day, such payment shall be made on the next succeeding Business Day and such extension
will be taken into account in calculating the amount of interest payable under this Note.

 

5.4                
Evidence of Debt. The Noteholder is authorized to record on the grid attached hereto as Schedule A
the Loan made to the Maker and each payment or prepayment thereof. The entries made by the Noteholder shall, to the extent permitted
by applicable Law, be prima facie evidence of the existence and amounts of the obligations of the Maker therein recorded; provided,
however, that the failure of the Noteholder to record such payments or prepayments, or any inaccuracy therein, shall not in
any manner affect the obligation of the Maker to repay (with applicable interest) the Loan in accordance with the terms of this
Note.

 

5.5                
Cancellation of Note. Upon the repayment by the Maker of all of its obligations hereunder to the Noteholder, including,
without limitation, the principal amount of this Note, plus accrued but unpaid interest, the indebtedness evidenced hereby shall
be deemed canceled and paid in full.

 

    	 	3	 

    	 

    

 

6.              
REPRESENTATIONS AND WARRANTIES. The Maker hereby represents and warrants to the Noteholder on the
date hereof as follows:

 

6.1                
Existence. The Maker is (a) a corporation duly incorporated, validly existing and in good standing under the
laws of the state of its jurisdiction of organization.

 

6.2                
Power and Authority. The Maker has the power and authority, and the legal right, to execute and deliver this
Note and to perform its obligations hereunder [and thereunder.

 

6.3                
Authorization; Execution and Delivery. The execution and delivery of this Note by the Maker and the performance
of its obligations hereunder have been duly authorized by all necessary corporate action in accordance with all applicable Laws.
The Maker has duly executed and delivered this Note.

 

6.4                
No Approvals. No consent or authorization of, filing with, notice to or other act by, or in respect of, any
Governmental Authority or any other Person is required in order for the Maker to execute, deliver, or perform any of its obligations
under this Note.

 

6.5                
No Violations. The execution and delivery of this Note and the consummation by the Maker of the transactions
contemplated hereby do not and will not (a) violate any provision of the Maker’s organizational documents; (b) violate any
Law or Order applicable to the Maker or by which any of its properties or assets may be bound; or (c) constitute a default under
any material agreement or contract by which the Maker may be bound.

 

6.6                
Enforceability. The Note is a valid, legal and binding obligation of the Maker, enforceable against the Maker
in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).

 

7.              
EVENTS OF DEFAULT. The occurrence of any of the following shall constitute an Event of Default
hereunder:

 

7.1                
Failure to Pay. The Maker fails to pay (a) any principal amount of the Loan when due; or (b) interest or any
other amount when due and such failure continues for 5 days.

 

7.2                
Breach of Representations and Warranties. Any representation or warranty made or deemed made by the Maker
to the Noteholder herein is incorrect in any material respect on the date as of which such representation or warranty was made
or deemed made.

 

7.3                
Breach of Covenants. The Maker fails to observe or perform any covenant, obligation, condition or agreement
contained in this Note other than that specified in Section 7.1 and such failure continues for 30 days after written notice to
the Maker.

 

		7.4	Bankruptcy.

 

(a)              
the Maker commences any case, proceeding or other action (i) under any existing or future law relating to bankruptcy, insolvency,
reorganization, or other relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to

 

    	 	4	 

    	 

    

 

adjudicate
it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition
or other relief with respect to it or its debts, or (ii) seeking appointment of a receiver, trustee, custodian, conservator or
other similar official for it or for all or any substantial part of its assets, or the Maker makes a general assignment for the
benefit of its creditors;

 

(b)              
there is commenced against the Maker any case, proceeding or other action of a nature referred to in clause (a) above which
(i) results in the entry of an order for relief or any such adjudication or appointment or (ii) remains undismissed, undischarged
or unbonded for a period of 60 days;

 

(c)               
there is commenced against the Maker any case, proceeding or other action seeking issuance of a warrant of attachment, execution
or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief
which has not been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof;

 

(d)              
the Maker takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the
acts set forth in clause (a), (b) or (c) above; or

(e)              
the Maker is generally not, or is unable to, or admits in writing its inability to, pay its debts as they become due.

 

7.5                
Judgments. A judgment or decree is entered against the Maker and such judgment or decree has not been vacated,
discharged, stayed or bonded pending appeal within 60 days from the entry thereof.

 

8.              
REMEDIES. Upon the occurrence of an Event of Default and at any time thereafter during the continuance
of such Event of Default, the Noteholder may at its option, by written notice to the Maker (a) declare the entire principal amount
of this Note, together with all accrued interest thereon and all other amounts payable hereunder, immediately due and payable and/or
(b) exercise any or all of its rights, powers or remedies under applicable law; provided, however that, if an Event of Default
described in Section 7.4 shall occur, the principal of and accrued interest on the Loan shall become immediately due and payable
without any notice, declaration or other act on the part of the Noteholder.

 

		9.	MISCELLANEOUS.

 

		9.1	Notices.

 

(a)              
All notices, requests or other communications required or permitted to be delivered hereunder shall be delivered in writing
to such address as a Party may from time to time specify in writing.

 

(b)               Notices
if (i) mailed by certified or registered mail or sent by hand or overnight courier service shall be deemed to have been given
when received, (ii) sent by facsimile during the recipient’s normal business hours shall be deemed to have been given
when sent (and if sent after normal business hours shall be deemed to have been given at the opening

 

    	 	5	 

    	 

    

 

of
the recipient’s business on the next business day) and (iii) sent by e-mail shall be deemed received upon the sender’s
receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgment).

 

9.2                
Expenses. The Maker shall reimburse the Noteholder on demand for all reasonable and documented out-of-pocket
costs, expenses and fees (including reasonable expenses and fees of its external counsel) incurred by the Noteholder in connection
with the transactions contemplated hereby including the negotiation, documentation and

execution of this Note and the
enforcement of the Noteholder’s rights hereunder.

 

9.3                
Governing Law. This Note and any claim, controversy, dispute or cause of action (whether in contract or tort
or otherwise) based upon, arising out of or relating to this Note and the transactions contemplated hereby shall be governed by
the laws of the State of Nevada.

 

		9.4	Submission to Jurisdiction.

 

(a)              
The Maker hereby irrevocably and unconditionally (i) agrees that any legal action, suit or proceeding arising out of or
relating to this Note may be brought in the courts of the State of California or of the United States of America for the Central
District of California of and (ii) submits to the exclusive jurisdiction of any such court in any such action, suit or proceeding.
Final judgment against the Maker in any action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction
by suit on the judgment.

 

(b)              
Nothing in this Section 9.4 shall affect the right of the Noteholder to (i) commence legal proceedings or otherwise sue
the Maker in any other court having jurisdiction over the Maker or (ii) serve process upon the Maker in any manner authorized by
the laws of any such jurisdiction.

 

9.5                
Venue. The Maker irrevocably and unconditionally waives, to the fullest extent permitted by applicable law,
any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to
this Note in any court referred to in Section 9.4(b) and the defense of an inconvenient forum to the maintenance of such action
or proceeding in any such court.

 

9.6                
Waiver of Jury Trial. THE MAKER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS NOTE OR THE TRANSACTIONS
CONTEMPLATED HEREBY WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY.

 

9.7                
Counterparts; Integration; Effectiveness. This Note and any amendments, waivers, consents or supplements hereto
may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute a single contract.
This Note constitute the entire contract between the Parties with respect to the subject matter hereof and supersede all previous
agreements and understandings, oral or written, with respect thereto. Delivery of an executed counterpart of a signature page to
this Note by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of
a manually executed counterpart of this Note.

 

    	 	6	 

    	 

    

 

9.8                
Successors and Assigns. This Note may be assigned, transferred or negotiated by the Noteholder to any Person
at any time without notice to or the consent of the Maker. The Maker may not assign or transfer this Note or any of its rights
hereunder without the prior written consent of the Noteholder. This Note shall inure to the benefit of and be binding upon the
parties hereto and their permitted assigns.

 

9.9                
Waiver of Notice. The Maker hereby waives presentment, demand for payment, protest, notice of dishonor, notice
of protest or nonpayment, notice of acceleration of maturity and diligence in connection with the enforcement of this Note or the
taking of any action to collect sums owing hereunder.

 

9.10             
Amendments and Waivers. No term of this Note may be waived, modified or amended except by an instrument in
writing signed by both of the parties hereto. Any waiver of the terms hereof shall be effective only in the specific instance and
for the specific purpose given.

 

9.11             
Headings. The headings of the various Sections and subsections herein are for reference only and shall not
define, modify, expand or limit any of the terms or provisions hereof.

 

9.12             
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising on the part of the Noteholder,
of any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise
of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law.

 

9.13             
Severability. If any term or provision of this Note is invalid, illegal or unenforceable in any jurisdiction,
such invalidity, illegality or unenforceability shall not affect any other term or provision of this Note or invalidate or render
unenforceable such term or provision in any other jurisdiction.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

    	 	7	 

    	 

    

 

IN WITNESS WHEREOF, the Maker has executed
this Note as of January 14, 2021.

 

 

Imperalis Holding Corp.

 

 

By: /s/ Vincent Andreula

Name: Vincent Andreula

Title: President

 

    	 	8	 

    	 

    

 

SCHEDULE
A: DISBURSEMENTS TO MAKER

 

 

	Date of Disbursement	Amount	Disbursement Instructions	Use of Funds
	1/14/2021	$20,000	Wire transfer to the trust account of counsel for Maker, The Crone Law Group, P.C.	Legal fees and audit fees
	2/3/2021	$25,000	Wire transfer to the trust account of counsel for Maker, The Crone Law Group, P.C.	Settlement payment for American Express liability
	 	 	 	 
	 	 	 	 

 

    	 	9

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