Document:

EX-10.13

 Exhibit 10.13 

OFFICE LEASE 
 THIS OFFICE
LEASE (this “Lease”) is made this 10th day of November, 2020, by and between RMCIT LLC, a Colorado limited liability company (“Landlord”), and Lightning Systems Inc., a Delaware Corporation, doing business as
LIGHTNING eMOTORS (“Tenant”). This Lease shall be treated as a supplement to the lease dated November 22, 2019 (the “Original Lease”), except that where there is any conflict or difference in the terms of this Lease and the
Original Lease, the terms of this Lease shall govern. 
 ARTICLE 1 - LEASE OF PREMISES 

Section 1.01. Basic Lease Provisions and Definitions. 

 

	 	(a)	 Leased Premises (shown outlined on Exhibit A attached hereto): Approximately 107,773
square feet of Building B (the “Building”) of the Development. 

  

	 	(b)	 Intentionally omitted. 

 

	 	(c)	 Development: Rocky Mountain Center for Innovation & Technology, Loveland, Colorado, an approximate
811,000 square foot mixed use center. The total square footage of Building B is approximately 129,232. The kitchen, cafeteria, workout rooms and locker rooms may be used by Tenant, but not exclusively and shall not be included in the leased area.

  

	 	(d)	 Minimum Annual Rent: Minimum Annual Rent during the Initial Lease Term shall be $11.50 per square foot. The
Minimum Annual Rent is considered to be a modified gross rent including the base lease amount along with prorated operating expenses, the prorated share of property tax and property insurance as well as base utility consumption (heating and
cooling). 

  

	 	(e)	 Annual Rental Escalations: Minimum Annual Rent shall increase 3% each year of the Lease Term over the Minimum
Annual Rent of the immediately prior year effective December first each year, and calculated in accordance with the below chart, reflecting the rate and applicable square footage to which the rate applies. 

 

																	
	 Lease Terms
	  	Rate	 	  	SQFT	 	  	Monthly	 	  	Total	 
	 11/1/2020 to 2/28/2021
	  	$	 —   	 	  	 	107,773	 	  				  	$	—  	 
	 3/1/21 to 11/30/21
	  	$	11.50	 	  	 	107,773	 	  	 	103,282	 	  	$	 929,542	 
	 12/1/21 to 11/30/22
	  	$	11.85	 	  	 	107,773	 	  	 	106,381	 	  	$	1,276,571	 
	 12/1/22 to 11/30/23
	  	$	12.20	 	  	 	107,773	 	  	 	109,572	 	  	$	1,314,868	 
	 12/1/23 to 11/30/24
	  	$	12.57	 	  	 	107,773	 	  	 	112,860	 	  	$	1,354,314	 
	 12/1/24 to 11/30/25
	  	$	12.94	 	  	 	107,773	 	  	 	116,245	 	  	$	1,394,944	 
	 12/1/25 to 2/28/27
	  	$	13.33	 	  	 	107,773	 	  	 	119,733	 	  	$	1,795,990	 

  

	 	(f)	 Commencement Date: The Commencement Date shall be November 1, 2020. Landlord agrees to allow Tenant access
to the Leased Premises to begin approved renovation and building improvements upon the execution of this Lease. Tenant also agrees to provide Landlord with proof of all required insurance policies as stated in this lease agreement prior to the start
of any renovations or improvements. By executing this lease agreement Tenant agrees that all other contractual and legal requirements as stated in this Lease become effective immediately during the early move in period (other than the obligation to
pay rent). 

  

	 	(g)	 Initial Lease Term: Seventy Six (76) months, ending February 28, 2027. 

 

	 	(h)	 Extension of original leased premises: The original leased premises shall be extended through February 28,
2027 per the schedule below: 

  

																	
	Building A Lease Extention Schedule	 
	Lease Terms	  	Rate	 	  	SQFT	 	  	Monthly	 	  	Total	 
	 12/1/2024 to 11/30/2025
	  	$	12.67	 	  	 	124,006	 	  	$	130,929.67	 	  	$	1,571,156.02	 
	 12/1/2025 to 2/28/2027
	  	$	13.05	 	  	 	124,006	 	  	$	134,856.53	 	  	$	2,022,847.88	 

  

	 	(i)	 Security Deposit: Landlord holds an additional Security Deposit of $100,000. 

	 	(j)	 Broker(s): Lessee is represented by Jones Lang LaSalle Brokerage Inc. 

 

	 	(k)	 Permitted Use: General office, light manufacturing and lawfully related purposes. 

 

	 	(l)	 Address for notices and payments are as follows: 

 

			
	Landlord:	  	 RMCIT LLC
 Attn.: Dan Kamrath

815 14th Street SW

Loveland, CO 80537

		
	Tenant:	  	 Lightning Systems
 Attn: Carol Murin

815 14th Street SW

Loveland, CO 80537

  

	 	(m)	 Guarantor(s): None 

  

	 	(n)	 Option to Renew: Tenant shall have the Option to Renew for two (2) additional five (5) year periods
(“Renewal Period”) with not less than nine (9) months or more than twelve (12) months prior written notice to the end of the Term. The rent for the option periods shall be at the then Fair Market Value for comparable space
in the area. In the event that Tenant and Landlord cannot agree on Fair Market Value, Tenant shall have the option to rescind its Option to Renew and vacate the Premises according to the terms of the Lease or exercise an extension based on the
lessor of a) a 3% annual increase in the then current base rent or b) the average lease rate for other tenants on the property. 

EXHIBITS: 
 Exhibit A - Leased Premises 

Exhibit B - Tenant Improvements 
 Exhibit C - Rules and
Regulations 
 Section 1.02. Lease of Premises. Landlord hereby leases to Tenant and Tenant hereby leases
from Landlord the Leased Premises, under the terms and conditions herein, together with a non-exclusive right, in common with others, to use the following (collectively, the “Common Areas”): the
areas of the Development and the underlying land and improvements thereto that are designed for use in common by all tenants and their respective employees, agents, customers, invitees and others. 

ARTICLE 2 - TERM AND POSSESSION 

Section 2.01. Term. 

(a) The Commencement Date, Initial Lease Term and Renewal Term shall be as set forth in Sections 1.01 

Section 2.02. Construction of Tenant Improvements. Tenant shall be responsible to construct and install all
leasehold improvements to the Leased Premises (collectively, the “Tenant Improvements”) in accordance with Exhibit B attached hereto and made a part hereof. 

Section 2.03. Surrender of the Premises. Upon the expiration or earlier termination of this Lease, Tenant
shall, at its sole cost and expense, promptly (a) surrender the Leased Premises to Landlord in good order, condition and repair subject only to condemnation or casualty, (b) remove from the Leased Premises (i) Tenant’s Property
(as defined in Section 8.01 below), (ii) any alterations required to be removed pursuant to Section 7.03 below, and (c) repair any damage caused by any such removal and restore the Leased
Premises to the condition existing upon the Commencement Date, reasonable wear and tear excepted. All of Tenant’s Property that is not removed within twenty (20) days following Landlord’s written demand therefor shall be conclusively
deemed to have been abandoned and Landlord shall be entitled to dispose of such property without incurring any liability to Tenant. This Section 2.03 shall survive the expiration or any earlier termination of this Lease.

 Section 2.04. Holding Over. If Tenant retains possession of the Leased Premises after the expiration or
earlier termination of this Lease, Tenant shall be a tenant at sufferance at one hundred fifty percent (150%) of the Monthly Rental Installments and Annual Rental Adjustment (as hereinafter defined) for the Leased Premises in effect upon the date of
such expiration or earlier termination, and otherwise upon the terms, covenants and conditions herein specified, so far as applicable. Acceptance by Landlord of rent 

  
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after such expiration or earlier termination shall not result in a renewal of this Lease. In the event a month-to-month tenancy is created by operation of
law, either party shall have the right to terminate such month-to-month tenancy upon thirty (30) days’ prior written notice to the other, whether or not said notice is given on the rent paying date.
This Section 2.04 shall in no way constitute a consent by Landlord to any holding over by Tenant upon the expiration or earlier termination of this Lease, nor limit Landlord’s remedies in such event. 

ARTICLE 3 - RENT 

Section 3.01. Minimum Annual Rent. 

(a) Tenant shall pay to Landlord the Minimum Annual Rent in Monthly Rental Installments in advance, without demand, deduction or offset (except
as set forth in subsection 3.01(b) below), unless expressly provided in this Lease, beginning March 1, 2021. Tenant shall have possession of the entire Leased Premises on the Commencement Date. Payment is due on or before the first day of each
and every calendar month thereafter during the Lease Term. 
 (b) Tenant Improvement Allowance shall be paid by Landlord to Tenant within 10
days of successful completion of Agreed Tenant Improvements and evidence of expenditure. Tenant Improvement will include remediation of all asbestos currently existing in Bldg B within this allowance (in leased area only). Upon agreement of both
Parties, Tenant Improvement Allowance may be broken into several phases and paid at the completion of each phase. If documented, completed and undisputed Tenant Improvement Allowance isn’t paid within thirty (30) days of when due, Tenant
can deduct from rent payments. 
 (c) The Monthly Rental Installments for partial calendar months shall be prorated. 

(d) Tenant shall be responsible for delivering the Monthly Rental Installments to the payment address set forth in
Section 1.01(1) above in accordance with this Section 3.01. Upon Mutual consent, Landlord agrees to accept electronic payments (via ACH) of Monthly Rental Installments by Tenant. Bank and routing
information for electronic payment is: 
 Bank of Colorado 

ACH Routing 107002448 
 Account
Name: RMCIT LLC 
 Account Number: 7201186505 

Section 3.02. Annual Rental Adjustment Definitions. 

(a) “Annual Rental Adjustment” Operating expenses, property insurance and property taxes are included in the modified gross
rent of the lease in addition to utilities (including heating, cooling,). Any changes in operating expense during the term of the lease shall not be an additional expense or cost to Tenant or change the rent schedule in Section 1.01(e). 

Section 3.03. Payment of Additional Rent. 

(a) Any amount required to be paid by Tenant hereunder (in addition to Minimum Annual Rent) and any charges or expenses incurred by Landlord on
behalf of Tenant under the terms of this Lease shall be considered “Additional Rent” payable net 30 days to Landlord. 

Section 3.04. Late Charges. Tenant acknowledges that Landlord shall incur certain additional unanticipated
administrative and legal costs and expenses if Tenant fails to pay timely any payment required hereunder. Therefore, in addition to the other remedies available to Landlord hereunder, if any payment required to be paid by Tenant to Landlord
hereunder shall become overdue more than 5 days, such late payment shall be subject to a late fee equal to five percent (5%) of the amount then due. Any sums due longer than 30 days shall bear interest from the due date thereof to the date of
payment at the prime rate of interest, as reported in the Wall Street Journal (the “Prime Rate”) plus six percent (6%) per annum. 

ARTICLE 4 - SECURITY DEPOSIT 

Tenant will pay $100,000 on March lst, 2021 to Landlord as Security Deposit to be held by
Landlord, as security for the payment and performance by Tenant of all obligations imposed on Tenant hereunder, in an account the proceeds of which may be commingled by Landlord with any other account or proceeds. If Tenant shall perform all such
obligations, the Security Deposit shall be refunded to Tenant, without interest, within forty-five (45) days following the end of the Term. If Tenant shall default in any 

  
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such obligation, Landlord shall be entitled to apply all or any portion of the Security Deposit, pro tanto, to cure any such default, and Tenant shall replenish the Security Deposit to the full
amount within ten (10) days after receipt of a written notice from Landlord which sets forth the amount to be replenished. If the Security Deposit is not fully restored, it shall constitute an immediate Event of Default under the terms of this
Lease (without need of notice or the expiration of any cure period), and Landlord shall have the benefit of all remedies permitted pursuant to the terms of this Lease. 

ARTICLE 5 - OCCUPANCY AND USE 

Section 5.01. Use. Tenant shall use the Leased Premises for the Permitted Use and for other commercial
purposes with the prior written consent of Landlord. 
 Section 5.02. Covenants of Tenant Regarding Use.

 (a) Tenant shall (i) use and maintain the Leased Premises and conduct its business thereon in a safe, reputable and lawful manner,
(ii) comply with all covenants that encumber the Development and which have been disclosed to Tenant in writing prior to the date hereof, and all applicable laws, rules, regulations, orders, ordinances, directions and requirements of any
governmental authority or agency, now in force or which may hereafter be in force in connection with Tenant’s manner of use of the Leased Premises, including, without limitation, those which shall impose upon Landlord or Tenant any duty with
respect to or triggered by a change in the use or occupation of, or any improvement or alteration to, the Leased Premises, provided, however that Tenant shall not be responsible for making any alterations outside of the Leased Premises unless those
alterations are trigged by Tenant’s specific use of the Leased Premises (as opposed to occupancy in general) or Tenant’s alterations to the Leased Premises, and (iii) as long as they are not inconsistent with the terms of this Lease,
comply with and obey all Building Rules and Regulations attached hereto as Exhibit C and made a part hereof, as may be reasonably modified from time to time by Landlord on reasonable notice to Tenant, so long as such
modification does not affect or impair Tenant’s rights under the Lease, and are applicable to all tenants in the Building. 
 (b) Tenant
shall not do or permit anything to be done in or about the Leased Premises that will in any way cause a nuisance, obstruction or interference with the rights of other tenants or occupants of the Building. Landlord shall not be responsible to Tenant
for the non-performance by any other tenant or occupant of the Building of any of Landlord’s directions, rules and regulations, and agrees that any enforcement thereof shall be completed uniformly. Tenant
shall not use the Leased Premises, nor allow the Leased Premises to be used, for any purpose or in any manner that would (i) invalidate any policy of insurance now or hereafter carried by Landlord on the Building and Development, or
(ii) increase the rate of premiums payable on any such insurance policy unless Tenant reimburses Landlord for any documented increase in premium charged. 

(c) Tenant shall comply with any use restrictions or declarations of restrictive covenants affecting the Premises which are of record in the
real estate records in the county in which the Premises are located, including but not limited to that certain Environmental Covenant dated as of February 11, 2011 recorded as Reception Number 20110010350 in Larimer County, Colorado on
February 11, 2011 (the “Covenant”), attached hereto as Schedule 1 and incorporated herein by reference. Landlord and Tenant acknowledge and agree that, (i) the Lease and Tenant’s use and occupancy of the Premises shall be
subject to all the terms and provisions of the Covenant; (ii) the terms and provisions of the Covenant shall be incorporated herein as part of the Lease; and (iii) Tenant shall be obligated to comply with all of the terms and provisions of
the Covenant to the extent applicable. 
 Section 5.03. Landlord’s Rights Regarding Use. Without
limiting any of Landlord’s rights specified elsewhere in this Lease (a) Landlord shall have the right at any time, with at least five (5) days advance written notice to Tenant, to control, change or otherwise alter the Common Areas in
such manner as it deems necessary or proper, and (b) Landlord, its agents, employees and contractors and any mortgagee of the Development shall have the right to enter any part of the Leased Premises at reasonable times upon reasonable notice
(except in the event of an emergency where no notice shall be required), subject to the safety and access regulations of Tenant, for the purposes of examining or inspecting the same to confirm Tenant’s compliance with this Lease, or, within six
months of the expiry of the Term to show the Premises to prospective purchasers, mortgagees or tenants, and making such repairs, alterations or improvements to the Leased Premises or the Building as Landlord may deem necessary or desirable as
permitted herein, for the safety, protection or preservation of the Leased Premises, the Building or the Development, or as may be necessary or desirable in the operation or improvement of the Building and/or the Development, or in order to comply
with all laws, orders and requirements of governmental or other authority; provided, however, that Landlord shall use commercially reasonable efforts to perform the foregoing in a manner so as not to unreasonably interfere with Tenant’s
business operations. Landlord shall not be liable to Tenant as a result from any entry on the premises in accordance with this Section 5.03, nor shall such entry constitute an eviction of Tenant or a termination of this Lease, or entitle Tenant
to any abatement of rent therefor. 

  
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 ARTICLE 6 - UTILITIES AND OTHER BUILDING SERVICES 

Section 6.01. Utilities to be Provided. The following utilities and other services to the extent reasonably
necessary for Tenant’s use of the Leased Premises for the Permitted Use, are made available to Tenant; however, Tenant shall be responsible for the cost of all electric utilities (not including HVAC) corresponding to its exclusively used
Premises and shall contract for payment directly to the electric utility companies serving the Premises when possible. Tenant shall secure separate metering for the Leased Premises, and shall be responsible for the monthly charges for its use. If
separate service is not available, Tenant shall reimburse Landlord monthly for any utility usage cost associated with ongoing service to/for the Premises, as the same is reasonably determined by Landlord. Landlord shall reimburse Tenant monthly for
any utility usage cost associated with ongoing service to/for the Premises for the Common Space, as is reasonably mutually agreed to. Tenant will be responsible for the cost of such submeters if not paid for by the utility company. Tenant shall be
responsible for any and all connection fees relating to utilities. (Note: the basic utility consumption for heating and cooling is included in the base lease amount for this modified gross lease; 

Section 6.02. Building Services. Provided Tenant is not in material default beyond any grace period, the following Building
Services will be provided as a part of this Lease: 
  

	 	(a)	 Water in the Common Areas of the Building and Leased Premises for lavatory and drinking purposes;

  

	 	(b)	 Intentionally omitted 

 

	 	(c)	 Tenant shall be responsible for janitorial service within the Leased Premises; 

 

	 	(d)	 Exterior washing of windows at least every 120 days, or as determined by the Landlord, in its sole and absolute
discretion; 

  

	 	(e)	 Intentionally omitted. 

 

	 	(f)	 Maintenance of the Common Areas of the Development, including the removal of rubbish, ice and snow in the
parking areas of the Development, maintenance of the trees, shrubs, ground cover, sidewalks, and pavement; 

  

	 	(g)	 High-speed internet access/data service. (Note: Tenant will be responsible for connection and monthly provider
fees as these fees and services are not included in the gross rent amount) 

  

	 	(h)	 Common area exercise room. Landlord agrees to make available a common exercise room in Building B.

  

	 	(i)	 Common cafeteria. Landlord agrees to make available a common cafeteria to all tenants. 

 

	 	(j)	 Common areas and areas under the control of the Landlord that are kept reasonably clean, sanitary, and free
from all accumulations of debris, filth, rubbish, and garbage and that have appropriate extermination in response to the infestation of rodents or vermin; 

  

	 	(k)	 Locks on all exterior doors and locks or security devices on windows designed to be opened that are maintained
in good working order; and 

  

	 	(l)	 Common areas and areas under the control of the Landlord shall be in compliance with all applicable building
and health codes applicable to the Premises. 

  

	 	(m)	 Landlord will manage the HVAC system at the site level and allow Tenant to use and manage the HVAC system at
the building level. Both Parties will seek to optimize use and efficiencies of the systems. In the case of any dispute regarding this Section 6.02 (m) that is not is not resolved to the satisfaction of the Tenant, the parties agree to engage a
third party neutral assessor experienced in commercial HVAC services to conduct an analysis of Tenant’s use and the current standard requirements for HVAX systems for premises of similar size and use. 

  
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 Section 6.03. Additional Services. 

(a) If Tenant requests utilities or building services in addition to those identified above, or if Tenant uses any of the above utilities or
services in frequency, scope, quality or quantity substantially greater than that which Landlord determines is normally required by other tenants in the Building, then Landlord shall use reasonable efforts to attempt to furnish Tenant with such
additional utilities or services. In the event Landlord is able to and does furnish such additional utilities or services, the costs thereof (which shall be deemed to mean the actual and documented costs that Tenant would have incurred had Tenant
contracted directly with the utility company or service provider) shall be borne by Tenant, who shall reimburse Landlord monthly for the same as Additional Rent. 

(b) Section removed. 

Section 6.04. Interruption of Services. Tenant acknowledges and agrees that any one or more of the utilities
or other services identified in Sections 6.01, 6.02, or 6.03 or otherwise hereunder may be interrupted by reason of accident, emergency or other causes beyond Landlord’s control, or may be discontinued or diminished
temporarily by Landlord or other persons until certain repairs, alterations or improvements can be made. Except to the extent caused by the gross negligence or willful misconduct of Landlord, its employees, contractors or agents, Landlord shall not
be liable in damages or otherwise for any failure or interruption of any utility or service and no such failure or interruption shall entitle Tenant to terminate this Lease or withhold sums due hereunder, except if such interruption continues for
more than five (5) consecutive days, or for two or more times of three (3) consecutive days in a 12 month period, then Rent shall abate until such service is restored. 

ARTICLE 7 - REPAIRS, MAINTENANCE AND ALTERATIONS 

Section 7.01. Repair and Maintenance of Building. Once the Tenant Improvements are completed, Landlord shall
make all necessary repairs and replacements to the Building structure, roof, exterior walls, exterior doors, windows, air conditioning, heating, electric, and hot and cold water. Likewise, Landlord will maintain all grounds and parking areas in the
Development insured and in good order and repair. The cost of such repairs, replacements and maintenance are included in the base lease rate; provided however, to the extent any such repairs, replacements or maintenance are required because of the
negligence, misuse or default of Tenant, its employees, agents, contractors, customers or invitees, Landlord shall make such repairs at Tenant’s sole expense. 

Section 7.02. Repair and Maintenance of Leased Premises. Tenant shall keep and maintain the Leased Premises
in good condition and repair. Tenant shall be solely responsible for any repair or replacement with respect to Tenant’s Property and Tenant’s Improvements located in the Leased Premises. Nothing in this Article 7 shall obligate
Landlord or Tenant to repair normal wear and tear to any paint, wall covering or carpet inside the Leased Premises. 

Section 7.03. Alterations. . Tenant shall not permit alterations costing more than $25,000, or affecting the
structural elements of the Building or Building systems, unless and until Landlord has approved the plans therefor in writing, which approval shall not be unreasonably withheld, conditioned or delayed. As a condition of such approval, Landlord may
require Tenant to remove the alterations and restore the Leased Premises upon termination of this Lease; otherwise, all such alterations shall at Landlord’s option become a part of the realty and the property of Landlord, and shall not be
removed by Tenant. Tenant shall ensure that all alterations shall be made in accordance with all applicable laws, regulations and building codes, in a good and workmanlike manner and of quality equal to or better than the original construction of
the Building. No person shall be entitled to any lien derived through or under Tenant for any labor or material furnished to the Leased Premises, and nothing in this Lease shall be construed to constitute Landlord’s consent to the creation of
any lien. If any lien is filed against the Leased Premises for work claimed to have been done for or material claimed to have been furnished to Tenant, Tenant shall cause such lien to be discharged of record within fifteen (15) days after
receipt of notice thereof. Tenant shall indemnify Landlord from all costs, losses, expenses and attorneys’ fees in connection with any construction or alteration and any related lien. Notwithstanding anything to the contrary contained herein,
Tenant shall have the right, from time to time without Landlord’s consent, but with notice to Landlord, to perform alterations that do not cost more than $25,000 and that do not affect the structural elements of the Building or the Building
systems (i.e. infrastructure), provided however, Tenant shall have no obligation to provide notice to Landlord to perform alterations costing less than $25,000 which do not affect the structural elements of the Building or the Building systems. For
clarification purposes, Tenant does not need Landlord’s consent or to provide notice to Landlord to paint and install wall coverings, install workstations, equipment, and/or carpet and other floor coverings, replace the existing exterior door
that will become Tenant’s main office entrance. In addition, Tenant may install in the Premises its usual trade fixtures, signage (including Tenant’s corporate 

  
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lettering and logo in the common area outside the Building occupied by Tenant, subject to Section 16.10). and personal property in a proper, lawful and workmanlike manner, without causing
damage to the Premises, provided that no such installation shall interfere with or damage the mechanical or electrical systems or the structure of the Building. Prior to the vacation of the Premises, if applicable, or expiration or early termination
of the Lease, trade fixtures and personal property installed in the Premises by Tenant shall, at Tenant’s expense, be removed from the Premises, and Tenant shall promptly repair at its own expense any damage to the Premises or Building
resulting from such installation and removal. 
 Section 7.04. Required Improvements. Landlord, at its expense, will
install and maintain a wall and secured doors in Bldg B to separate Tenant’s Premises space from the common cafeteria and exercise rooms. This wall will be completed no later than March 31sl
, 2021. 
 ARTICLE 8 - INDEMNITY AND INSURANCE 

Section 8.01. Release. All of Tenant’s trade fixtures, merchandise, inventory and all other personal property in or
about the Leased Premises, the Building or the Common Areas, which is deemed to include the trade fixtures, merchandise, inventory and personal property of others located in or about the Leased Premises or Common Areas at the invitation, direction
or acquiescence (express or implied) of Tenant (all of which property shall be referred to herein, collectively, as “Tenant’s Property”), shall be and remain at Tenant’s sole risk. Landlord shall not be liable to Tenant or to any
other person for, and Tenant hereby releases Landlord from (a) any and all liability for theft or damage to Tenant’s Property, and (b) any and all liability for any injury to Tenant or its employees, agents, contractors, guests and
invitees in or about the Leased Premises, the Building or the Common Areas, except to the extent of personal injury (but not property loss or damage) caused by the negligence or willful misconduct of Landlord, its agents, employees or contractors.
Nothing contained in this Section 8.01 shall limit (or be deemed to limit) the waivers contained in Section 8.06 below. In the event of any conflict between the provisions of
Section 8.06 below and this Section 8.01, the provisions of Section 8.06 shall prevail. This Section 8.01 shall survive the expiration or earlier termination of this Lease.

 Section 8.02. Indemnification by Tenant. Tenant shall protect, defend, indemnify and hold Landlord, its
agents, employees and contractors harmless from and against any and all claims, damages, demands, penalties, costs, liabilities, losses, and expenses (including reasonable attorneys’ fees and expenses at the trial and appellate levels) to the
extent (a) arising out of or relating to any negligence or willful misconduct of Tenant or Tenant’s agents, employees, contractors, customers or invitees in or about the Leased Premises. Nothing contained in this
Section 8.02 shall limit (or be deemed to limit) the waivers contained in Section 8.06 below. In the event of any conflict between the provisions of Section 8.06 below and this
Section 8.02, the provisions of Section 8.06 shall prevail. Nothing contained in this Section 8.02 shall be deemed to require Tenant to indemnify Landlord to any extent prohibited by law. This
Section 8.02 shall survive the expiration or earlier termination of this Lease. 
 Section 8.03.
Intentionally Omitted 
 Section 8.04. Tenant’s Insurance. 

(a) During the Lease Term (and any period of early entry or occupancy or holding over by Tenant, if applicable), Tenant shall maintain the
following types of insurance, in the amounts specified below: 
 (i) Liability Insurance. Commercial General Liability
Insurance (which insurance shall not exclude blanket, contractual liability, broad form property damage, personal injury, or fire damage coverage) covering the Leased Premises and Tenant’s use thereof against claims for bodily injury or death
and property damage, which insurance shall provide coverage on an occurrence basis with a per occurrence limit of not less than $3,000,000, for each policy year, which limit may be satisfied by any combination of primary and excess or umbrella per
occurrence policies. 
 (ii) Property Insurance. Special Form Insurance in the amount of the full replacement cost of
Tenant’s Property and betterments (including alterations or additions performed by Tenant pursuant hereto), which insurance shall include an agreed amount endorsement waiving coinsurance limitations. 

(iii) Worker’s Compensation Insurance. Worker’s Compensation insurance in amounts required by applicable law.

  
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 (b) All insurance required by Tenant hereunder shall (i) be issued by one or more
insurance companies reasonably acceptable to Landlord, licensed to do business in the Stale in which the Leased Premises is located and having an AM Best’s rating of A IX or better, and (ii) provide that said insurance shall not be
canceled or permitted to lapse on less than thirty (30) days’ prior written notice to Landlord. In addition, Tenant’s insurance shall protect Tenant and Landlord as their interests may appear, naming Landlord, Landlord’s managing
agent, and any mortgagee requested by Landlord, as additional insureds under its commercial general liability policies. On or before the Commencement Date (or the date of any earlier entry or occupancy by Tenant), and thereafter, within thirty
(30) days prior to the expiration of each such policy, Tenant shall furnish Landlord with certificates of insurance in the form of ACORD 25 or ACORD 25-S (or other evidence of insurance reasonably
acceptable to Landlord), evidencing all required coverages. If Tenant fails to carry such insurance and furnish Landlord with such certificates of insurance or copies of insurance policies (if applicable), Landlord may obtain such insurance on
Tenant’s behalf and Tenant shall reimburse Landlord upon demand for the cost thereof as Additional Rent. Landlord reserves the right from time to time to require Tenant to obtain higher minimum amounts or different types of insurance if it
becomes customary for other landlords of similar buildings in the area to require similar sized tenants in similar industries to carry insurance of such higher minimum amounts or of such different types. 

Section 8.05. Landlord’s Insurance. During the Lease Term, Landlord shall maintain the following types
of insurance, in the amounts specified below (the cost of which shall be included in Operating Expenses): 
 (a) Liability Insurance.
Commercial General Liability Insurance (which insurance shall not exclude blanket, contractual liability, broad form property damage, personal injury, or fire damage coverage) covering the Common Areas against claims for bodily injury or death and
property damage, which insurance shall provide coverage on an occurrence basis with a per occurrence limit of not less than $3,000,000, for each policy year, which limit may be satisfied by any combination of primary and excess or umbrella per
occurrence policies. 
 (b) Property Insurance. Special Form Insurance (which insurance may include flood or earthquake if Landlord
determines such coverage to be prudent) in the amount of not less than $40,000,000, but excluding Tenant’s Property and any other items required to be insured by Tenant pursuant to Section 8.04 above. 

(c) Self-Insurance by Landlord. This section is removed. Landlord is not self-insured. 

Section 8.06. Waiver of Subrogation. Notwithstanding anything contained in this Lease to the contrary,
Landlord and Tenant hereby waive any rights each may have against the other on account of any loss of or damage to their respective property, the Leased Premises, its contents, or other portions of the Building or Common Areas arising from any risk
which is required to be insured against by Sections 8.04(a)(ii) and 8.05(b) above, and/or which is actually insured against under insurance actually carried by either party (even if not so required). The special form coverage insurance
policies maintained by Landlord and Tenant as provided in this Lease shall include an endorsement containing an express waiver of any rights of subrogation by the insurance company against Landlord and Tenant, as applicable. 

ARTICLE 9 - CASUALTY 

In the event of total or partial destruction of the Building or the Leased Premises by fire or other casualty, Landlord agrees promptly to
restore and repair same; provided, however, Landlord’s obligation hereunder with respect to the Leased Premises shall be limited to the reconstruction of such of the leasehold improvements as were originally required to be made by Landlord
pursuant to Section 2.02 above, if any. Rent shall proportionately abate during the time that the Leased Premises or part thereof are unusable because of any such damage. Notwithstanding the foregoing, if the Leased Premises are
(a) so destroyed that they cannot be repaired or rebuilt within one hundred eighty (180) days from the casualty date; or (b) destroyed by a casualty that is not covered by the insurance required hereunder or, if covered, such
insurance proceeds are not released by any mortgagee entitled thereto; then, in case of a clause (a) casualty, either Landlord or Tenant may, or, in the case of a clause (b) casualty, then Landlord may, upon thirty (30) days’
written notice to the other party, terminate this Lease with respect to matters thereafter accruing. Tenant waives any right under applicable laws inconsistent with the terms of this paragraph. 

ARTICLE 10 - EMINENT DOMAIN 

If all or any substantial part of the Building is to be acquired by the exercise of eminent domain, Landlord may terminate this Lease by
giving written notice to Tenant on or before the date possession thereof is so taken. If all or any part of the Leased Premises or access to the Leased Premises shall be acquired by the exercise of eminent domain so that the Leased Premises shall
become impractical for Tenant to use for the Permitted Use, Tenant may terminate this Lease by giving written notice to Landlord as of the date possession thereof is so taken. If neither party terminates as provided herein, all rent due hereunder
shall be adjusted based upon the amount of the Leased Premises taken. All damages awarded shall belong to Landlord; provided, however, that Tenant may claim dislocation damages if such amount is not subtracted from Landlord’s award. 

  
 - 8 - 

 ARTICLE 11 - ASSIGNMENT AND SUBLEASE 

Section 11.01. Assignment and Sublease. 

(a) Except as otherwise set forth below, Tenant shall not assign this Lease or sublet the Leased Premises in whole or in part without
Landlord’s prior written consent. In the event of any permitted assignment or subletting, Tenant shall remain primarily liable hereunder. The acceptance of rent from any other person shall not be deemed to be a waiver of any of the provisions
of this Lease or to be a consent to the assignment of this Lease or the subletting of the Leased Premises. Any assignment or sublease consented to by Landlord shall not relieve Tenant (or its assignee) from obtaining Landlord’s consent to any
subsequent assignment or sublease. 
 (b) If Tenant shall make any assignment or sublease, with Landlord’s consent, for a rental in
excess of the rent payable under this Lease, Tenant shall pay to Landlord fifty percent (50%) of any such excess rental upon receipt. Tenant agrees to pay Landlord $500.00 upon demand by Landlord for reasonable accounting and attorneys’ fees
incurred in conjunction with the processing and documentation of any requested assignment, subletting or any other hypothecation of this Lease or Tenant’s interest in and to the Leased Premises as consideration for Landlord’s consent. 

Section 11.02. Permitted Transfer, Notwithstanding anything to the contrary contained in
Section 11.01 above, Tenant shall have the right, without Landlord’s consent, to (a) sublet all or part of the Leased Premises to any related corporation or other entity which controls Tenant, is
controlled by Tenant or is under common control with Tenant; (b) assign all or any part of this Lease to any related corporation or other entity which controls Tenant, is controlled by Tenant, or is under common control with Tenant, or to a
successor entity into which or with which Tenant is merged or consolidated or which acquires substantially all of Tenant’s assets or property; or (c) effectuate any public offering of Tenant’s stock on the New York Stock Exchange or
in the NASDAQ over the counter market, provided that in the event of a transfer, such successor entity assumes all of the obligations and liabilities of Tenant (any such entity hereinafter referred to as a “Permitted Transferee”). Tenant
shall give notice of such permitted transfer prior to or promptly after such transfer. For the purpose of this Article 11 “control” shall mean ownership of not less than fifty percent (50%) of all voting stock or legal and equitable
interest in such corporation or entity. Any such transfer shall not relieve Tenant of its obligations under this Lease. Nothing in this paragraph is intended to nor shall permit Tenant to transfer its interest under this Lease as part of a fraud or
subterfuge to intentionally avoid its obligations under this Lease (for example, transferring its interest to a shell corporation that subsequently files a bankruptcy), and any such transfer shall constitute a Default hereunder. Any change in
control of Tenant resulting from a merger, consolidation, or a transfer of partnership or membership interests, a stock transfer, or any sale of substantially all of the assets of Tenant that do not meet the requirements of this
Section 11.02 shall be deemed an assignment or transfer that requires Landlord’s prior written consent pursuant to Section 11.01 above. Notwithstanding anything to the contrary contained herein, Landlord
acknowledges and agrees that Tenant may effectuate any public offering of Tenant’s stock on the New York Stock Exchange or the NASDAQ over the counter market, and any such public offering and or subsequent transfers of stock as a result thereof
shall not constitute an assignment or sublease or other transfer requiring Landlord’s consent hereunder. 
 ARTICLE 12 - TRANSFERS
BY LANDLORD 
 Section 12.01. Sale of the Building. Landlord shall have the right to sell the Building at any
time during the Lease Term, subject only to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability hereunder after the date of such conveyance. 

Section 12.02. Estoppel Certificate. Within ten (10) business days following receipt of a written request from either
party, the other party shall execute and deliver to the requesting party, without cost to the requesting party, an estoppel certificate in such form as the requesting party may reasonably request certifying (a) that this Lease is in full force
and effect and unmodified or stating the nature of any modification, (b) the date to which rent has been paid, (c) that there are not, to such party’s knowledge, any uncured defaults or specifying such defaults if any are claimed, and
(d) any other matters or state of facts reasonably required respecting the Lease. Such estoppel may be relied upon by and by any purchaser or mortgagee of the Building and assignee, subtenant, purchaser or lender of tenant. 

Section 12.03. Subordination. Landlord shall have the right to subordinate this Lease to any mortgage, deed to secure debt,
deed of trust or other instrument in the nature thereof, and any amendments or modifications thereto (collectively, a “Mortgage”) presently existing or so long as such mortgagee executes a Non-Disturbance Agreement in a commercially
reasonable form. Within ten (10) business days following receipt of a written request from Landlord, Tenant shall execute and deliver to Landlord, without cost, any instrument that Landlord deems reasonably necessary or desirable to confirm the
subordination of this Lease so long as such instrument is reasonably acceptable to Tenant. Tenant will be provided an SNDA from any future lender. 

  
 - 9 - 

 ARTICLE 13 - DEFAULT AND REMEDY 

Section 13.01. Default. The occurrence of any of the following shall be a “Default”: 

(a) Tenant fails to pay any Monthly Rental Installments or Additional Rent within five (5) days after the same is due and such failure
continues for five (5) days after Tenant receives written notice thereof from Landlord; provided, however, that Landlord shall not be required to give notice of such monetary default more than two (2) times during any calendar year. 

(b) Tenant fails to perform or observe any other term, condition, covenant or obligation required under this Lease for a period of thirty
(30) days after written notice thereof from Landlord; provided, however, that if the nature of Tenant’s default is such that more than thirty (30) days are reasonably required to cure, then such default shall be deemed to have been
cured if Tenant commences such performance within said thirty (30) day period and thereafter diligently completes the required action within a reasonable time. 

(c) Intentionally Deleted. 
 (d)
Intentionally Deleted. 
 (e) All or substantially all of Tenant’s assets in the Leased Premises or Tenant’s interest in this Lease
are attached or levied under execution (and Tenant does not discharge the same within sixty (60) days thereafter); a petition in bankruptcy, insolvency or for reorganization or arrangement is filed by or against Tenant (and Tenant fails to
secure a stay or discharge thereof within sixty (60) days thereafter); Tenant is insolvent and unable to pay its debts as they become due; Tenant makes a general assignment for the benefit of creditors; Tenant takes the benefit of any
insolvency action or law; the appointment of a receiver or trustee in bankruptcy for Tenant or its assets if such receivership has not been vacated or set aside within thirty (30) days thereafter; or, dissolution or other termination of
Tenant’s corporate charter if Tenant is a corporation. 
 Section 13.02. Remedies. Upon the occurrence
of any Default, Landlord shall have the following rights and remedies, in addition to those stated elsewhere in this Lease and those allowed by law or in equity, any one or more of which may be exercised without further notice to Tenant: 

(a) Landlord may re-enter the Leased Premises and cure any Default of Tenant, and Tenant shall
reimburse Landlord as Additional Rent upon written demand for any costs and expenses which Landlord thereby incurs; and Landlord shall not be liable to Tenant for any loss or damage which Tenant may sustain by reason of Landlord’s action,
unless caused by Landlord willful misconduct or gross negligence. 
 (b) Without terminating this Lease, Landlord may terminate Tenant’s
right to possession of the Leased Premises, and thereafter, neither Tenant nor any person claiming under or through Tenant’shall be entitled to possession of the Leased Premises, and Tenant shall immediately surrender the Leased Premises to
Landlord, and Landlord may re-enter the Leased Premises and dispossess Tenant and any other occupants of the Leased Premises by any lawful means and may remove their effects, without prejudice to any other
remedy that Landlord may have. Upon termination of possession, re-let all or any part thereof for a term different from that which would otherwise have constituted the balance of the Lease Term and for rent
and on terms and conditions different from those contained herein, whereupon Tenant shall be immediately obligated to pay to Landlord an amount equal to the present value (discounted at the Prime Rate) of the difference between the rent provided for
herein and that provided for in any lease covering a subsequent re-letting of the Leased Premises, for the period which would otherwise have constituted the balance of the Lease Term (the “Accelerated
Rent”). Upon termination of possession, Tenant shall be obligated to pay to Landlord (A) the Accelerated Rent, (B) all loss or damage that Landlord may sustain by reason of Tenant’s Default (“Default Damages”), which
shall include, without limitation, expenses of preparing the Leased Premises for re-letting, demolition, repairs, tenant finish improvements, brokers’ commissions and attorneys’ fees, and
(C) all unpaid Minimum Annual Rent and Additional Rent that accrued prior to the date of termination of possession, plus any interest and late fees due hereunder (the “Prior Obligations”). 

(c) Landlord may terminate this Lease and declare the Accelerated Rent to be immediately due and payable, whereupon Tenant shall be obligated
to pay to Landlord (i) the Accelerated Rent; (ii) all of Landlord’s Default Damages, and (iii) all Prior Obligations. It is expressly agreed and understood that all of Tenant’s liabilities and obligations set forth in this
subsection (c) shall survive termination. 
 (d) Landlord and Tenant acknowledge and agree that the payment of the Accelerated Rent as
set above shall not be deemed a penalty, but merely shall constitute payment of liquidated damages, it being understood that actual damages to Landlord are extremely difficult, if not impossible, to ascertain. Neither the filing of a dispossessory
proceeding nor an eviction of personality in the Leased Premises shall be deemed to terminate the Lease. 

  
 - 10 - 

 (e) Landlord may sue for injunctive relief or to recover damages for any loss resulting from
the Default. 
 Section 13.03. Landlord’s Default and Tenant’s Remedies. Landlord shall be in default if it
fails to perform any term, condition, covenant or obligation required under this Lease for a period of thirty (30) days after written notice thereof from Tenant to Landlord; provided, however, that if the term, condition, covenant or obligation
to be performed by Landlord is such that it cannot reasonably be performed within thirty (30) days, such default shall be deemed to have been cured if Landlord commences such performance within said
thirty-day period and thereafter diligently undertakes to complete the same. In the event Landlord fails to cure any Landlord breach within a reasonable period of time, then Tenant shall have the right, but
not the obligation, to perform such obligation on Landlord’s behalf. Upon the occurrence of any such default, Tenant may sue for injunctive relief or to recover damages for any loss directly resulting from the breach, but Tenant shall not be
entitled to terminate this Lease. If any action is taken by Tenant pursuant to this paragraph, then Tenant may offset from rent coming due any reasonable and documented costs and expenses in taking such action. 

Section 13. 04. Limitation of Landlord’s Liability. If Landlord shall fail to perform any term, condition, covenant or
obligation required to be performed by it under this Lease and if Tenant shall, as a consequence thereof, recover a money judgment against Landlord, Tenant agrees that it shall look solely to Landlord’s right, title and interest in and to the
Building for the collection of such judgment; and Tenant further agrees that no other assets of Landlord shall be subject to levy, execution or other process for the satisfaction of Tenant’s judgment. 

Section 13.05. Nonwaiver of Defaults. Neither party’s failure or delay in exercising any of its rights
or remedies or other provisions of this Lease shall constitute a waiver thereof or affect its right thereafter to exercise or enforce such right or remedy or other provision. No waiver of any default shall be deemed to be a waiver of any other
default. Landlord’s acceptance of rent, with or without knowledge of any breach of the Lease, shall not be considered a waiver of the Landlord’s right to evict Tenant from the Premises, recover any amounts due under the Lease, or take any
other legal action Landlord may be entitled to take, under the Lease or otherwise available at law or equity. Specifically, Landlord and Tenant agree that Landlord may accept a partial payment of rent (whether now or in the future) without waiving
Landlord’s right to bring or maintain an action to recover possession of the Premises. Landlord’s acceptance of a partial payment of rent, however, shall not be considered a waiver of Landlord’s right to reject any future partial
payment of rent. Landlord’s receipt of less than the full rent due shall not be construed to be other than a payment on account of rent then due, nor shall any statement on Tenant’s check or any letter accompanying Tenant’s check be
deemed an accord and satisfaction. No act or omission by Landlord or its employees or agents during the Lease Term shall be deemed an acceptance of a surrender of the Leased Premises, and no agreement to accept such a surrender shall be valid unless
in writing and signed by Landlord. 
 Section 13.06. Attorneys’ Fees. If either party defaults in the
performance or observance of any of the terms, conditions, covenants or obligations contained in this Lease and the non-defaulting party obtains a judgment against the defaulting party, then the defaulting
party agrees to reimburse the non-defaulting party for reasonable attorneys’ fees incurred in connection therewith. In addition, if a monetary Default shall occur and Landlord engages outside counsel to
exercise its remedies hereunder, and then Tenant cures such monetary Default, Tenant shall pay to Landlord, on demand, all expenses incurred by Landlord as a result thereof, including reasonable attorneys’ fees, court costs and expenses
actually incurred. 
 ARTICLE 14 - INTENTIONALLY OMITTED. 

ARTICLE 15 - TENANT’S RESPONSIBILITY REGARDING 

ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES 

Section 15.01. Environmental Definitions. 

(a) “Environmental Laws” shall mean all present or future federal, state and municipal laws, ordinance, rules and regulations
applicable to the environmental and ecological condition of the Leased Premises, and the rules and regulations of the Federal Environmental Protection Agency and any other federal, state or municipal agency or governmental board or entity having
jurisdiction over the Leased Premises. 
 (b) “Hazardous Substances” shall mean those substances included within the definitions of
“hazardous substances,” “hazardous materials,” “toxic substances” “solid waste” or “infectious waste” under Environmental Laws and petroleum products. 

  
 - 11 - 

 Section 15.02. Restrictions on Tenant. Tenant shall not cause or permit
the use, generation, release, manufacture, refining, production, processing, storage or disposal of any Hazardous Substances on, under or about the Leased Premises, or the transportation to or from the Leased Premises of any Hazardous Substances,
except as necessary and appropriate for its Permitted Use in which case the use, storage or disposal of such Hazardous Substances shall be performed in compliance with the Environmental Laws and the highest standards prevailing in the industry. In
the interest of clarity, the parties acknowledge and agree that Tenant’s responsibility hereunder shall not cover any Hazardous Materials on, under or about the Leased Premises on or before the Commencement Date (or such earlier date if caused
by Tenants earlier entry) or caused to be made present after the commencement Date by Landlord, its employees, agents, contractors or invitees. 

Section 15.03. Notices, Affidavits, Etc. Tenant shall immediately (a) notify Landlord of (i) any violation by
Tenant, its employees, agents, representatives, customers, invitees or contractors of any Environmental Laws on, under or about the Leased Premises, or (ii) the presence or suspected presence of any Hazardous Substances on, under or about the
Leased Premises, and (b) deliver to Landlord any notice received by Tenant relating to (a)(i) and (a)(ii) above from any source. Tenant shall execute affidavits, representations and the like within five (5) days of Landlord’s request
therefor concerning Tenant’s best knowledge and belief regarding the presence of any Hazardous Substances on, under or about the Leased Premises. 

Section 15. 04. Tenant’s Indemnification. Tenant shall indemnify Landlord and Landlord’s managing agent
from any and all claims, losses, liabilities, costs, expenses and damages, including attorneys’ fees, costs of testing and remediation costs, incurred by Landlord as a result of any breach by Tenant of its obligations under this Article
15. The covenants and obligations under this Article 15 shall survive the expiration or earlier termination of this Lease for two (2) years. 

ARTICLE 16 - MISCELLANEOUS 

Section 16.01. Benefit of Landlord and Tenant. This Lease shall inure to the benefit of and be binding upon
Landlord and Tenant and their respective successors and assigns. 
 Section 16.02. Governing Law. This Lease shall be
governed in accordance with the laws of the State where the Building is located. 
 Section 16.03. Force Majeure. Landlord and
Tenant (except with respect to the payment of any monetary obligation) shall be excused for the period of any delay in the performance of any obligation hereunder when such delay is occasioned by causes beyond its control, including but not limited
to work stoppages, boycotts, slowdowns or strikes; shortages of materials, equipment, labor or energy; unusual weather conditions; or acts or omissions of governmental or political bodies. 

Section 16. 04. Examination of Lease. Submission of this instrument by Landlord to Tenant for examination or signature does
not constitute an offer by Landlord to lease the Leased Premises. This Lease shall become effective, if at all, only upon the execution by and delivery to both Landlord and Tenant. 

Section 16.05. Indemnification for Leasing Commissions. The parties hereby represent and warrant that the
only real estate broker(s) involved in the negotiation and execution of this Lease is the Broker and that no other party is entitled, as a result of the actions of the respective party, to a commission or other fee resulting from the execution of
this Lease. Each party shall indemnify the other from any and all liability for the breach of this representation and warranty on its part and shall pay any compensation to any other broker or person who may be entitled thereto. Landlord shall pay
any commission due Broker based on this Lease pursuant to a separate agreement between Landlord and Broker. 
 Section 16.06.
Notices. Any notice required or permitted to be given under this Lease or by law shall be deemed to have been given if it is written and delivered in person or by overnight courier or mailed by certified mail, postage prepaid, to the party
who is to receive such notice at the address specified in Section 1.01(1). If sent by overnight courier, the notice shall be deemed to have been given one (1) day after sending. If mailed, the notice shall be deemed to have been
given on the date that is three (3) business days following mailing. Either party may change its address by giving written notice thereof to the other party. Upon mutual consent, Tenant and Landlord agree notices, approvals and other
communications may be sent by authorized parties via email. 
 Section 16.07. Partial Invalidity; Complete
Agreement. If any provision of this Lease shall be held to be invalid, void or unenforceable, the remaining provisions shall remain in full force and effect. This Lease represents the entire agreement between Landlord and Tenant covering
everything agreed upon or understood in this transaction. There are no oral promises, conditions, representations, understandings, interpretations or terms of any kind as conditions or inducements to the execution hereof or in effect between the
parties. No change or addition shall be made to this Lease except by a written agreement executed by Landlord and Tenant. 

  
 - 12 - 

 Section 16.08. Financial Statements. Intentionally Deleted.

 Section 16.09. Representations and Warranties. 

(a) Tenant hereby represents and warrants that (i) Tenant is duly organized, validly existing and in good standing (if applicable) in
accordance with the laws of the State under which it was organized; (ii) Tenant is authorized to do business in the State where the Building is located; and (iii) the individual(s) executing and delivering this Lease on behalf of Tenant has
been properly authorized to do so, and such execution and delivery shall bind Tenant to its terms. 
 (b) Landlord hereby represents and
warrants that (i) Landlord is duly organized, validly existing and in good standing (if applicable) in accordance with the laws of the State under which it was organized; (ii) Landlord is authorized to do business in the State where the
Building is located; (iii) the individual(s) executing and delivering this Lease on behalf of Landlord has been properly authorized to do so, and such execution and delivery shall bind Landlord to its terms. 

Section 16.10. Signage. Landlord, at its cost and expense, shall provide Tenant with Building standard signage on the main
Building directory and at the entrance to the Leased Premises. Tenant may request to have its name excluded on the main Building directory and entrance to the Leased Premises and such request shall be granted by Landlord provided it does not prevent
or delay the signage for the entire site. Any changes requested by Tenant to the initial directory or suite signage shall be made at Tenant’ sole cost and expense and shall be subject to Landlord’s approval. Landlord may install such other
signs, advertisements, notices or tenant identification information on the Building directory, tenant access doors or other areas of the Building, as it shall deem necessary or proper. Tenant shall not place any exterior signs on the Leased Premises
or interior signs visible from the exterior of the Leased Premises without the prior written consent of Landlord. Notwithstanding any other provision of this Lease to the contrary, Landlord may immediately remove any sign(s) placed by Tenant in
violation of this Section .16.10. 
 Section 16.11. Parking. Tenant shall be entitled to the non-exclusive use of the parking spaces designated in the Development by Landlord. Tenant agrees not to overburden the parking facilities and agrees to cooperate with Landlord and other tenants in the use of the
parking facilities. Landlord reserves the right in its absolute discretion to determine whether parking facilities are becoming crowded and, in such event, to allocate parking spaces between Tenant and other tenants. Landlord must keep the parking
lot and driveways in good condition and repair all potholes within a reasonable amount of time. There will be no assigned parking unless Landlord, in its sole discretion, deems such assigned parking advisable. No vehicle may be repaired or serviced
in the parking area and any vehicle brought into the parking area by Tenant, or any of Tenant’s employees, contractors or invitees, and deemed abandoned by Landlord will be towed and all costs thereof shall be borne by the Tenant. All
driveways, ingress and egress, and all parking spaces are for the joint use of all tenants. In addition, Tenant agrees that its employees will not park in the spaces designated visitor parking. 

Section 16.12. Consent. Where the consent of a party is required, such consent will not be unreasonably
withheld, conditioned or delayed. 
 Section 16.13. Time. Time is of the essence of each term and provision
of this Lease. 
 Section 16.14. Patriot Act. Each of Landlord and Tenant, each as to itself, hereby represents its compliance
with all applicable anti-money laundering laws, including, without limitation, the USA Act, and the laws administered by the United States Treasury Department’s Office of Foreign Assets Control, including, without limitation, Executive Order
13224 (“Executive Order”) Each of Landlord and Tenant further represents (i) that it is not, and it is not owned or controlled directly or indirectly by any person or entity, on the SDN List published by the United States Treasury
Department’s Office of Foreign Assets Control and (ii) that it is not a person otherwise identified by government or legal authority as a person with whom a U.S. Person is prohibited from transacting business. As of the date hereof, a list
of such designations and the text of the Executive Order are published under the internet website address www.ustreas.gov/offices/enforcement/ofac. 

Section 16.15. Quiet Enjoyment. Tenant shall at all times during the Lease Term peacefully and quietly have and enjoy
possession of the Premises without any encumbrance or hindrance. 
 Section 16.16. Intentionally Omitted 

Section 16.17. Intentionally Omitted 

Section 16.18. Right of First offer: Subject to existing rights as of the Lease Commencement Date, Landlord shall provide
Tenant a continuous and on-going Right of First Offer on any contiguous space that becomes available in Buildings A, B, C & D as well as on any new building to be constructed on the RMCIT property.
This Right of First Offer is only in the case of a current tenant vacating leased space or proposal of a newly constructed building on the sight. Tenant may make an offer at any time on currently vacant space on the property. Landlord will notify
Tenant as soon as reasonable possible when an upcoming vacancy is anticipated. Tenant will have ten (10) business days following notice to accept the Right of First Offer space. 

  
 - 13 - 

 Section 16.19. Advisory Board: Landlord intends to create an Advisory Board in
conjunction with the Warehouse Business Accelerator which will advise Landlord on common issues of the property including exterior and interior common areas of the property (cafeteria, food service, workout and locker rooms etc). Tenant shall have a
position on the Advisory Board for the duration of the Lease Term. 
 Section 16.20. Signage: Irrespective of any other Tenant
Improvement, allowance or clause of this Agreement, Tenant shall be granted prominent building signage at a mutually agreeable location (subject to local ordinances). Tenant shall be responsible for the cost and installation of said signage. 

[SIGNATURES CONTAINED ON THE FOLLOWING PAGE] 

  
 - 14 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the day and year first
above written. 
  

									
		  		  	LANDLORD:
			
	Signed, sealed and delivered In the presence of:	  		  	 RMCIT LLC
 a Colorado limited
liability company

	  
	  	            	  	
	Print:	 	  
	  		  	By:	  	 /s/ Daniel D Kamrath

				
	  
	  		  	Its:	  	Manager, Daniel D Kamrath
	Print:	 	  
	  		  	

 STATE OF Colorado ) 

                          
          )SS: 
 COUNTY OF Larimer) 

Before me, a Notary Public in and for said County and State, personally appeared Daniel D Kamrath, by me known and by me known to be the
Manager, of RMCIT LLC, a Colorado limited liability company, who acknowledged the execution of the foregoing “Office Lease” on behalf of said company. The above-named person (check one) ☒ is personally known to me or ☐ produced
                                         
                    as identification. 

WITNESS my hand and Notarial Seal this 11 day of November, 2020. 

 

	
	 /s/ Patricia A Clark

	Notary Public
	
	 Patricia A Clark

	(Printed Signature)

 My Commission Expires: 12/14/2023 

My County of Residence:Larimer 
 [SIGNATURES
CONTINUED ON THE FOLLOWING PAGE] 

  
 - 15 - 

 
			
	TENANT:
	
	 Lightning Systems Inc.,
 a Delaware
Corporation

		
	By:	 	 /s/ Timothy Reeser

	Name:	 	Timothy Reeser
	Title:	 	CEO

  

					
	STATE OF Colorado	  	)	  	
		  	)	  	SS:
	COUNTY OF Larimer	  	)	  	

 Before me, a Notary Public in and for said County and State, personally appeared Timothy Reeser, by me
known and by me known to be the CEO, of Lightning Systems. The above-named person (check one) ☐ is personally known to me or ☐ produced Lightning Systems as identification. 

WITNESS my hand and Notarial Seal this 11 day of Nov., 2020. 

 

			
	

	 	 Melanie Fink

Notary Public
  

Melanie Fink
 (Printed
Signature)

 My Commission Expires: 12/11/2022 

My County of Residence: Larimer 

[SIGNATURES CONTINUED ON THE FOLLOWING PAGE] 

  
 - 16 - 

 EXHIBIT A 

SITE PLAN OF LEASED PREMISES 

[TO BE ADDED] 

 EXHIBIT B 

TENANT IMPROVEMENTS 
 1.
Landlord’s Obligations. Landlord delivers the Leased Premises to Tenant in its “AS IS WHERE IS” condition. 
 2.
Initial Tenant Improvements. 
 (a) Promptly following the Effective Date, Tenant shall provide to Landlord, Tenant’s space plan
for the Leased Premises (the “Space Plan”) for the Tenant Improvements. The Space Plan will include a final design plan, contractor selection, cost estimates and funding methodology. Preliminary design costs of the Space Plan are attached
hereto as Exhibit B-2. Landlord shall provide any comments to such Space Plan within five (5) business days after receipt of the Space Plan. If Landlord requests any changes to the Space Plan, Tenant
shall work in good faith to accommodate those changes which are reasonably requested and shall within ten (10) days of its receipt of such request submit the revised portion of the Space Plan to Landlord. Tenant and Landlord shall continue to
review the Space Plan until approved by both parties. Tenant Improvement allowance up to $646,638.00 shall be paid from Landlord to Tenant within 10 days of completion of the agreed Tenant Improvements and submission of expenditures. Tile removal
(including asbestos abatement) in the leased space must be completed to receive any of the Tenant Improvement funds. 
 (b) Tenant shall be
responsible for the cost to construct and install the Tenant Improvements. 
 3. Intentionally left blank 

4. Completion. Tenant may conduct Tenant Improvements in several Phases. The plan for each Phase will be submitted to Landlord and
approved by Landlord prior to commencement. Tenant shall have each Phase of Tenant Improvements completed within 180 days of the commencement of construction of that Phase of Tenant Improvements, if possible (“Tenant Improvements
Completion Date” ), unless there are delays of more than 30 days caused by contractors. Within thirty (60) days after completion of each Phase, Tenant shall deliver to Landlord final,
“as-built” drawings of the completed Space Plan, together with full lien releases for any and all contractors and subcontractors employed to complete that Phase of Tenant Improvements. 

All items of work shall be performed by Tenant and/or its contractors at Tenant’s expense in accordance with Tenant’s final plans and
specifications, as reasonably approved by Landlord. Tenant shall be responsible for the purchase, performance and installation of all parts of Tenant Improvements. Tenant Improvements shall include all necessary architectural, engineering or design
related fees, code related items, permits, special assessments or taxes relating to such work. 
 5. Tenant Contractor. Except as set
forth in the Lease, NO WORK SHALL BE DONE ON THE PREMISES BY TENANT UNTIL LANDLORD HAS APPROVED TENANT’S PLANS AND CONTRACTOR IN WRITING. In instances where Tenant Improvements may coincide with construction by Landlord or other tenants,
Tenant’s contractor shall work in conjunction with other contractors so that Tenant’s contractor does not interfere or delay the construction process of others in the Building. Tenant’s contractor must perform the work in such a
manner as not to cause harm to others’ on-going construction, delay the progress of such work or create conflicts with labor organizations. Landlord reserves the right to cause the removal of the
Tenant’s contractor if any such labor problems arise. Tenant’s contractor must keep the area, HVAC system and restrooms clean and free of dust and debris, with a minimum of noise and interruption to the Common Areas of the Development.
Tenant’s contractor is responsible for keeping interior and exterior areas clean of construction debris at all times. If the Tenant contractor fails or refuses to keep these areas clean at all times, Landlord reserves the right to clean these
areas at Tenant’s expense. Tenant’s contractor shall erect temporary partitions, dust barriers, etc. as required by Landlord to minimize impact of construction activities on the common areas of the Development. 

6. Temporary Utilities. Landlord agrees to provide reasonable access to power and water at the start of construction. 

7. Hazardous Materials. The Building has been subjected to an extensive asbestos remediation and abatement process. Landlord is unaware
of any exposed asbestos in the Premises. However, it is possible that asbestos could potentially be encountered in previously inaccessible locations of the Building as a part of construction. Therefore the Tenant has agreed that during construction
of Tenant Improvements, that any asbestos found will be removed at Tenant’s cost and with due prudence and in accordance with all applicable laws, and without any liability, financial or otherwise, to Landlord. If the asbestos remediation for
the tile removal in the leased space is more than $$475,000.00 the Tenant shall bring it to the Landlord’s attention prior to commencing the work and the Landlord shall a) agree to provide additional funds to cover the overage or b) provide an
alternative contractor to complete the remediation within the budget. Time is of the essence in the asbestos removal. 

 8. Special Requirements for Roof
Penetrations/ Slab Grade Cutting and Patching. Any work, including cutting, venting, or duct installations, which involves cutting into, or penetrating in any manner, the existing roof structure
and/or roofing material MUST BE PERFORMED BY LANDLORD’S ROOFING CONTRACTOR AT TENANT’S EXPENSE. Tenant shall not permit his contractor or any subcontractor to perform such work. Tenant shall be liable for all damage resulting
from unauthorized roof penetrations and their consequent effect on the integrity of the roof and its guarantee by the Manufacturer or Contractor. Any work which involves penetration of the building slab, shall be repaired per the replacement details
and methods set forth by Landlord. 
 9. Notice of Non-Responsibility. Landlord shall
have the right to post and record a notice of non-responsibility for work being performed by Tenant within the Premises as permitted by law. Tenant shall give Landlord prompt written notice of the commencement
of the Tenant Improvements. 
 10. Bonds or Other Security. Landlord shall have the right to require Tenant to furnish a payment bond
or other security in form satisfactory to Landlord for the prompt and faithful payment of all costs and expenses incurred in the performance of construction of the Tenant Improvements. Tenant shall be responsible for promptly discharging any
mechanics’ liens recorded against the Development. 
 11. Certificate of Occupancy. Upon completion of the Tenant Improvements,
Tenant shall provide Landlord with a copy of the certificate of occupancy issued by the appropriate governmental agency for occupancy of the Premises. 

 EXHIBIT C 

RULES AND REGULATIONS 
 1.
The sidewalks, entrances, passages, courts, elevators, vestibules, stairways, corridors or halls shall not be obstructed or used for any purpose other than ingress and egress. Landlord shall control the Common Areas. 

2. No sign, advertisement, notice or handbill shall be exhibited, distributed, painted or affixed by any tenant on, about or from any part of
the Leased Premises, the Building, the Development or in the Common Areas including the parking area without the prior written consent of Landlord. In the event of the violation of the foregoing by any tenant, Landlord may remove or stop same
without any liability, and may charge the expense incurred in such removal or stopping to tenant. The lobby directory will be provided exclusively for the display of the name and location of tenants only, and Landlord reserves the right to exclude
any other names therefrom. Nothing may be placed on the exterior of corridor walls or corridor doors other than Landlord’s standard lettering. 

3. The sashes, sash doors, windows, and doors that reflect or admit light and air into halls, passageways or other public places in the
Building shall not be covered or obstructed by tenant. 
 4. The sinks and toilets and other plumbing fixtures shall not be used for any
purpose other than those for which they were constructed, and no sweepings, rubbish, rags, or other substances shall be thrown therein. All damages resulting from any misuse of the fixtures shall be borne by the tenant who, or whose subtenants,
assignees or any of their servants, employees, agents, visitors or licensees shall have caused the same. 
 5. Intentionally left blank. 

6. With the exception of a Key FOB access system, no additional locks or bolts of any kind shall be placed upon any of the doors or windows by
any tenant, nor shall any changes be made to existing locks or the mechanism thereof without written permission from Landlord. Each tenant must upon the termination of his tenancy, restore to the Landlord all keys of doors, offices, and toilet
rooms, either furnished to, or otherwise procured by, such tenant and in the event of the loss of keys so furnished, such tenant shall pay to the Landlord the cost of replacing the same or of changing the lock or locks opened by such lost key if
Landlord shall deem it necessary to make such changes. 
 7. No tenant shall overload the floors of the Leased Premises. All damage to the
floor, structure or foundation of the Building due to improper positioning or storage items or materials shall be repaired by Landlord at the sole cost and expense of tenant, who shall reimburse Landlord immediately therefor upon demand. All
removals or the carrying in or out of any safes, freight, furniture, or bulky matter of any description must take place during the hours that Landlord shall reasonably determine from time to time. (load limit varies by building) The moving of
exceptionally heavy fixtures or bulky matter of any kind must be within floor loading limits (300 pounds per square foot live load) and be done under the full supervision and responsibility of the Tenant. The Tenant acknowledges their full
understanding of the floor loading limits and accepts all responsibility for exceeding those limits. Landlord reserves the right to inspect all equipment, freight or other bulky articles to be brought into the Building and to exclude from the
Building all equipment, freight or other bulky articles which violate any of these Rules and Regulations or the Lease of which these Rules and Regulations are a part. 

8. Landlord shall have the right to prohibit any advertising by any tenant that, in Landlord’s opinion tends to impair the reputation of
the Building or its desirability as an office location, and upon written notice from Landlord any tenant shall refrain from or discontinue such advertising.COMMON STOCK PURCHASE AGREEMENT

 

This Common Stock
Purchase Agreement is entered into effective as of this 10 day of May, 2021 (this “Agreement”), by and between
WIKISOFT CORP., a Nevada corporation (the “Company”), and WHITE LION CAPITAL LLC, a Nevada limited liability
company (the “Investor”).

 

WHEREAS, the
parties desire that, upon the terms and subject to the conditions contained herein, the Investor shall purchase, from time to time,
as provided herein, and the Company shall issue and sell up to Twenty Million Dollars ($20,000,000) of the Company’s Common
Stock (as defined below).

 

NOW, THEREFORE,
the parties hereto agree as follows:

 

ARTICLE
I

CERTAIN DEFINITIONS

 

Section 1.1.
DEFINED TERMS. As used in this Agreement, the following terms shall have the following meanings specified or indicated (such
meanings to be equally applicable to both the singular and plural forms of the terms defined):

“Agreement”
shall have the meaning specified in the preamble hereof.

 

“Average
Daily Trading Volume” shall mean the median daily trading volume of the Company’s Common Stock over the most recent
five (5) Business Days prior to the respective Purchase Notice Date, as reported by Bloomberg.

 

“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

“Beneficial
Ownership Limitation” shall have the meaning specified in Section 7.2(h).

 

“Bloomberg”
means Bloomberg, L.P.

 

“Business
Day” shall mean a day on which the Principal Market shall be open for business.

 

“Claim Notice”
shall have the meaning specified in Section 9.3(a).

 

“Clearing
Costs” shall mean all of the Investor’s broker and Transfer Agent costs with respect to the deposit of the Purchase
Notice Shares.

“Clearing
Date” shall mean the first entire Business Day on which the Investor receives the DWAC Shares set forth in the Purchase
Notice in its brokerage account.

 

    	 		 

    	 

    

  

“Closing”
shall mean the closing of a purchase and sale of shares of Common Stock pursuant to Section 2.2.

 

“Closing
Date” shall have the meaning specified in Section 2.2(c).

“Commitment
Amount” shall mean Twenty Million Dollars ($20,000,000).

 

“Commitment
Period” shall mean the period commencing on the Execution Date and ending on the earlier of (i) the date on which the
Investor shall have purchased a number of Purchase Notice Shares pursuant to this Agreement equal to the Commitment Amount or (ii)
December 31, 2022.

 

“Common Stock”
shall mean the Company’s common stock, $0.001 par value per share, and any shares of any other class of common stock whether
now or hereafter authorized, having the right to participate in the distribution of dividends (as and when declared) and assets
(upon liquidation of the Company).

 

“Common Stock
Equivalents” means any securities of the Company entitling the holder thereof to acquire at any time Common Stock, including,
without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into
or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Company”
shall have the meaning specified in the preamble to this Agreement.

 

“Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

“Current
Report” has the meaning set forth in Section 6.2.

 

“Damages”
shall mean any loss, claim, damage, liability, cost and expense (including, without limitation, reasonable attorneys’ fees
and disbursements and costs and expenses of expert witnesses and investigation).

 

“Disclosure
Schedules” means the Disclosure Schedules of the Company delivered concurrently herewith.

“DTC”
shall mean The Depository Trust Company, or any successor performing substantially the same function for the Company.

 

“DTC/FAST
Program” shall mean the DTC’s Fast Automated Securities Transfer Program.

 

    	 	2	 

    	 

    

 

“DWAC”
shall mean Deposit Withdrawal at Custodian as defined by the DTC.

 

“DWAC Eligible”
shall mean that (a) the Common Stock is eligible at DTC for full services pursuant to DTC’s Operational Arrangements, including,
without limitation, transfer through DTC’s DWAC system, (b) the Company has been approved (without revocation) by the DTC’s
underwriting department, (c) the Transfer Agent is approved as an agent in the DTC/FAST Program, (d) the Purchase Notice Shares
are otherwise eligible for delivery via DWAC, and (e) the Transfer Agent does not have a policy prohibiting or limiting delivery
of the Purchase Notice Shares, as applicable, via DWAC.

 

“DWAC Shares”
means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and without restriction
on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified DWAC account with
DTC under the DTC/FAST Program, or any similar program hereafter adopted by DTC performing substantially the same function.

 

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

 

“Execution
Date” shall mean the date of this Agreement.

 

“Floor Price”
shall mean $0.25.

 

“Indemnified
Party” shall have the meaning specified in Section 9.2.

 

“Indemnifying
Party” shall have the meaning specified in Section 9.2.

 

“Indemnity
Notice” shall have the meaning specified in Section 9.3(b).

 

“Investment
Amount” shall mean the Purchase Notice Amount less Clearing Costs.

 

“Investment
Limit” shall mean $1,000,000 initially, subject to increase at the sole discretion of the Investor.

 

“Investor”
shall have the meaning specified in the preamble to this Agreement.

 

“Lien”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material
Adverse Effect” shall mean any effect on the business, operations, properties, or financial condition of the Company
that is material and adverse to the Company and/or any condition, circumstance, or situation that would prohibit or otherwise materially
interfere with the ability of the Company to enter into and perform its obligations under any Transaction Document.

 

    	 	3	 

    	 

    

  

“Person”
shall mean an individual, a corporation, a partnership, an association, a trust or other entity or organization, including a government
or political subdivision or an agency or instrumentality thereof.

 

“Principal
Market” shall mean any of the national exchanges (i.e. NYSE, AMEX, Nasdaq), or principal quotation systems (i.e. OTCQX,
OTCQB, OTC Pink, the OTC Bulletin Board), or other principal exchange or recognized quotation system which is at the time the principal
trading platform or market for the Common Stock.

 

“Purchase
Amount” means a dollar amount equal to the closing price of the Common Stock on the Purchase Notice Date multiplied by
the number of shares listed in the respective Purchase Notice, not to exceed the Investment Limit.

 

“Purchase
Notice” shall mean a written notice from Company, substantially in the form of Exhibit A hereto, to the Investor
setting forth the Purchase Notice Shares which the Company requires the Investor to purchase pursuant to the terms of this Agreement.

 

“Purchase
Notice Amount” shall mean the Purchase Notice Shares referenced in the Purchase Notice multiplied by the Purchase Price.

 

“Purchase
Notice Date” shall have the meaning specified in Section 2.2(a).

 

“Purchase
Notice Limit” shall mean for any Purchase Notice:

 

The Investor’s
committed obligation under each Purchase Notice shall not exceed the Investment Limit; the maximum amount of Purchase Notice Shares
the Company may request the Investor to purchase per each Purchase Notice shall be the lesser of: (i) 250% of the Average Daily
Trading Volume or (ii) the then Investment Limit divided by the highest closing price of the Common Stock over the most recent
five (5) Business Days including the respective Purchase Notice Date. Notwithstanding the forgoing, the Investor may waive the
Purchase Notice Limit at any time to allow the Investor to purchase additional shares under a Purchase Notice. For the purpose
of determining the closing price, the parties shall refer to the as reported closing price on Bloomberg as of the Purchase Notice
Date.

 

“Purchase
Notice Shares” shall mean all shares of Common Stock that the Company shall be entitled to issue as set forth in all
Purchase Notices in accordance with the terms and conditions of this Agreement.

 

“Purchase
Price” shall mean 85% of the lowest daily VWAP of the Common Stock during the Valuation Period; provided, however,
upon the Investor purchasing $5,000,000 worth of Purchase Notice Shares, the Purchase Price shall
change to 90% of the lowest daily VWAP of the Common Stock during the Valuation Period.

 

    	 	4	 

    	 

    

 

“Registration
Rights Agreement” means the registration rights agreement to be entered into by and among the Company and the Investor,
in the form set forth in Exhibit B.

 

“Registration
Statement” shall have the meaning specified in Section 6.2.

 

“Regulation
D” shall mean Regulation D promulgated under the Securities Act.

 

“Restricted
Shares” shall have the meaning set forth in Section 2.3.

 

“Rule 144”
shall mean Rule 144 under the Securities Act or any similar provision then in force under the Securities Act.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“SEC Documents”
shall have the meaning specified in Section 4.5.

 

“Securities”
mean the Purchase Notice Shares to be issued to the Investor pursuant to the terms of this Agreement.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Subsidiary”
means any Person the Company wholly-owns or controls, or in which the Company, directly or indirectly, owns a majority of the voting
stock or similar voting interest, in each case that would be disclosable pursuant to Item 601(b)(21) of Regulation S-K promulgated
under the Securities Act.

 

“Transaction
Documents” shall mean this Agreement, the Registration Rights Agreement and all schedules and exhibits hereto and thereto.

 

“Transfer
Agent” shall mean the current transfer agent of the Company, and any successor transfer agent of the Company.

 

“Valuation
Period” shall mean the five (5) Business days prior to the Closing Date.

“VWAP”
means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market (or,
if the Principal Market is not the principal trading market for such security, then on the principal securities exchange or securities
market on which such security is then traded), during the period beginning at 9:30 a.m., New York time, and ending at 4:00 p.m.,
New York time, as reported by Bloomberg through its “VAP” function (set to 09:30 start time and 16:00 end time) or,
if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the
electronic bulletin board for such security
during the period beginning at 9:30 a.m., New York time,

 

    	 	5	 

    	 

    

 and ending at 4:00 p.m., New York time, as reported by Bloomberg, or,
if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest
closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the “pink
sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the VWAP cannot be calculated for such security on such
date on any of the foregoing bases, the VWAP of such security on such date shall be the fair market value as mutually determined
by the Company and the Investor. If the Company and the Investor are unable to agree upon the fair market value of such security,
then such dispute shall be resolved in accordance with the procedures in Section 10.16. All such determinations shall be appropriately
adjusted for any share dividend, share split, share combination, recapitalization or other similar transaction during such period.

 

ARTICLE II

PURCHASE AND SALE OF COMMON STOCK

 

Section
2.1           
PURCHASE NOTICES. Upon the terms and conditions set forth herein (including, without limitation, the provisions of
Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor
of a Purchase Notice from time to time, to purchase Purchase Notice Shares provided that the amount of Purchase Notice Shares shall
not exceed the Purchase Notice Limit or the Beneficial Ownership Limitation set forth in Section 7.2(h). The Company may not deliver
a subsequent Purchase Notice until the Closing of an active Purchase Notice, except if waived by the Investor in writing.
Notwithstanding the forgoing, the Company may not submit a Purchase Notice to the Investor if the
Purchase Amount is less than $20,000 or the closing price of the Common Stock on the Purchase
Notice Date is less than the Floor Price.

 

Section 2.2MECHANICS.

 

(a)                  
PURCHASE NOTICE. At any time and from time to time during the Commitment Period, except as provided in this Agreement,
the Company may deliver a Purchase Notice to Investor, subject to satisfaction of the conditions set forth in Section 7.2 and otherwise
provided herein. The Company shall deliver the Purchase Notice Shares as DWAC Shares to the Investor alongside delivery of the
Purchase Notice. A Purchase Notice shall be deemed delivered on (i) the Business Day it is received by email by the Investor if
such notice is received on or prior to 4:00 p.m. New York time or (ii) the next Business Day if it is received by email after 4:00
p.m. New York time on a Business Day or at any time on a day which is not a Business Day (the “Purchase Notice Date”).

 

(b)                 
DELIVERY OF PURCHASE NOTICE SHARES. No later than 5:00 p.m. New York time on the 2nd Business Day following the Purchase
Notice Date the Company shall deliver the Purchase Notice Shares as DWAC Shares to the Investor.

 

(c)                  
CLOSING. The Closing of a Purchase Notice shall occur five (5) Business Day after the Clearing Date (the “Closing
Date”); whereby the Investor shall deliver to the Company, by 5:00 p.m. New York time on the Closing Date, the applicable
Investment Amount by wire transfer of immediately available funds on the Closing Date to account designated by the Company.

 

    	 	6	 

    	 

    

 

Section 2.3RESTRICTED
SHARES. Upon the Investor purchasing $100,000 worth of Purchase Notice Shares
pursuant to this Agreement, the Company shall issue 50,000 shares of restricted Common Stock to Investor in the form of book entry
or certificate form at the sole discretion of the Investor (the “Restricted Shares”). The Restricted Shares issued
to Investor pursuant to this Section 2.3, will be not be Purchase Notice Shares, and will be “restricted securities”
that may not be resold unless such proposed resale is registered or pursuant to an available exemption under the Securities Act.
The Company is under no obligation to register the Restricted Shares or any subsequent
proposed resale of the Restricted Shares. The certificate evidencing the Restricted
Shares will be imprinted with a legend which prohibits the transfer of the Restricted
Shares unless such transfer is registered or such registration is not required. Notwithstanding
the forgoing, if the Company fails to uplist to OTC Market’s OTCQB Tier within sixty (60) Business Days after the
Execution Date or is unable to declare effective the Registration Statement within ninety (90) Business Days from the date the
Company’s Common Stock begins trading on the OTC Market’s OTCQB Tier, the Company shall immediately instruct the Transfer
Agent to issue 50,000 Restricted Shares to the Investor.

 

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF INVESTOR

 

The Investor represents
and warrants to the Company that:

 

Section 3.1           
INTENT. The Investor is entering into this Agreement for its own account and the Investor has no present arrangement
(whether or not legally binding) at any time to sell the Securities to or through any Person in violation of the Securities Act
or any applicable state securities laws; provided, however, that the Investor reserves the right to dispose of the
Securities at any time in accordance with federal and state securities laws applicable to such disposition.

 

Section 3.2           
NO LEGAL ADVICE FROM THE COMPANY. The Investor acknowledges that it has had the opportunity to review this Agreement
and the transactions contemplated by this Agreement with its own legal counsel and investment and tax advisors. The Investor is
relying solely on such counsel and advisors and not on any statements or representations of the Company or any of its representatives
or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated by this Agreement
or the securities laws of any jurisdiction.

 

Section 3.3           
ACCREDITED INVESTOR. The Investor is an accredited investor as defined in Rule 501(a)(3) of Regulation D, and the
Investor has such experience in business and financial matters that it is capable of evaluating the merits and risks of an investment
in the Securities. The Investor acknowledges that an investment in the Securities is speculative and involves a high degree of
risk.

 

    	 	7	 

    	 

    

 

Section 3.4           
AUTHORITY. The Investor has the requisite power and authority to enter into and perform its obligations under the
Transaction Documents and to consummate the transactions contemplated hereby and thereby. The execution and delivery of the Transaction
Documents and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary
action and no further consent or authorization of the Investor is required. The Transaction Documents to which it is a party has
been duly executed by the Investor, and when delivered by the Investor in accordance with the terms hereof, will constitute the
valid and binding obligation of the Investor enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by
other equitable principles of general application.

 

Section 3.5           
NOT AN AFFILIATE. The Investor is not an officer, director or “affiliate” (as that term is defined in
Rule 405 of the Securities Act) of the Company.

 

Section 3.6           
ORGANIZATION AND STANDING. The Investor is an entity duly incorporated or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability
company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents.

 

Section 3.7           
ABSENCE OF CONFLICTS. The execution and delivery of the Transaction Documents and the consummation of the transactions
contemplated hereby and thereby and compliance with the requirements hereof and thereof, will not (a) violate any law, rule, regulation,
order, writ, judgment, injunction, decree or award binding on the Investor, (b) violate any provision of any indenture, instrument
or agreement to which the Investor is a party or is subject, or by which the Investor or any of its assets is bound, or conflict
with or constitute a material default thereunder, (c) result in the creation or imposition of any lien pursuant to the terms of
any such indenture, instrument or agreement, or constitute a breach of any fiduciary duty owed by the Investor to any third party,
or (d) require the approval of any third-party (that has not been obtained) pursuant to any material contract, instrument, agreement,
relationship or legal obligation to which the Investor is subject or to which any of its assets, operations or management may be
subject.

 

Section 3.8           
DISCLOSURE; ACCESS TO INFORMATION. The Investor had an opportunity to review copies of the SEC Documents filed on
behalf of the Company and has had access to all publicly available information with respect to the Company.

 

Section 3.9           
MANNER OF SALE. At no time was the Investor presented with or solicited by or through any leaflet, public promotional
meeting, television advertisement or any other form of general solicitation or advertising.

 

    	 	8	 

    	 

    

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

Except as set forth
in the SEC Documents and the Disclosure Schedules, which Disclosure Schedules shall be deemed a part hereof and shall qualify any
representation or otherwise made herein to the extent of the disclosure contained in the corresponding section of the Disclosure
Schedules, the Company represents and warrants to the Investor, as of the date hereof, that:

 

Section 4.1           
ORGANIZATION OF THE COMPANY. The Company is an entity duly incorporated or otherwise organized, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. The Company is not in violation or
default of any of the provisions of its certificate of incorporation, bylaws or other organizational or charter documents. The
Company is duly qualified to conduct business and is in good standing as a foreign corporation in each jurisdiction in which the
nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so
qualified or in good standing, as the case may be, could not have or reasonably be expected to result in a Material Adverse Effect
and no proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or
curtail such power and authority or qualification. The Company has no Subsidiaries.

 

Section 4.2           
AUTHORITY. The Company has the requisite corporate power and authority to enter into and perform its obligations
under the Transaction Documents. The execution and delivery of the Transaction Documents by the Company and the consummation by
it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action and no further
consent or authorization of the Company or its Board of Directors or stockholders is required. The Transaction Documents have been
duly executed and delivered by the Company and constitutes a valid and binding obligation of the Company enforceable against the
Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar
laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by other equitable principles
of general application.

 

Section 4.3           
CAPITALIZATION. As of the date hereof, the authorized capital stock of the Company consists of 200,000,000 shares
of Common Stock, Common Stock, of which approximately [90,964,265] shares of Common Stock are issued and outstanding as of the
Execution Date. The Company has not issued any capital stock since its most recently filed periodic report under the Exchange Act,
other than pursuant to the exercise of employee stock options under the Company’s stock option plans, the issuance of shares
of Common Stock to employees pursuant to the Company’s employee stock purchase plans and pursuant to the conversion and/or
exercise of Common Stock Equivalents outstanding as of the date of the most

 

    	 	9	 

    	 

    

 

recently filed periodic
report under the Exchange Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar
right to participate in the transactions contemplated by the Transaction Documents. Except as set forth in the SEC Documents, there
are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to,
or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe
for or acquire any shares of Common Stock, or contracts, commitments, understandings or arrangements by which the Company is or
may become bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and sale of the Securities
will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Investor) and will
not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any
of such securities. There are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s
capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s
stockholders.

 

Section 4.4           
LISTING AND MAINTENANCE REQUIREMENTS. The Common Stock is registered pursuant to Section 12(g) of the Exchange Act,
and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration
of the Common Stock under the Exchange Act nor has the Company received any notification that the SEC is contemplating terminating
such registration. The Company has not, in the twelve (12) months preceding the date hereof, received notice from the Principal
Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing
or maintenance requirements of such Principal Market. The Company is and has no reason to believe that it will not in the foreseeable
future continue to be, in compliance with all such listing and maintenance requirements.

 

Section 4.5           
SEC DOCUMENTS; DISCLOSURE. The Company has filed all reports, schedules, forms, statements and other documents required
to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) thereof, for the
one (1) year preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material)
(the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred
to herein as the “SEC Documents”) on a timely basis or has received a valid extension of such time of filing
and has filed any such SEC Documents prior to the expiration of any such extension. As of their respective dates, the SEC Documents
complied in all material respects with the requirements of the Securities Act and the Exchange Act, as applicable, and other federal
laws, rules and regulations applicable to such SEC Documents, and none of the SEC Documents when filed contained any untrue statement
of a material fact or omitted 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. The financial statements of the Company included
in the SEC Documents comply as to form and substance in all material respects with applicable accounting requirements and the published
rules and regulations of the SEC or other applicable rules and regulations with respect thereto. Such financial statements have
been prepared in accordance with

 

    	 	10	 

    	 

    

 

generally accepted accounting
principles applied on a consistent basis during the periods involved (except (a) as may be otherwise indicated in such financial
statements or the notes thereto or (b) in the case of unaudited interim statements, to the extent they may not include footnotes
or may be condensed or summary statements) and fairly present in all material respects the financial position of the Company as
of the dates thereof and the results of operations and cash flows for the periods then ended (subject, in the case of unaudited
statements, to normal, immaterial, year-end audit adjustments). Except with respect to the material terms and conditions of the
transactions contemplated by the Transaction Documents, the Company confirms that neither it nor any other Person acting on its
behalf has provided the Investor or its agents or counsel with any information that it believes constitutes or might constitute
material, non-public information. The Company understands and confirms that the Investor will rely on the foregoing representation
in effecting transactions in securities of the Company.

 

Section 4.6           
VALID ISSUANCES. The Securities are duly authorized and, when issued and paid for in accordance with the applicable
Transaction Documents, will be duly and validly issued, fully paid, and non-assessable, free and clear of all Liens imposed by
the Company other than restrictions on transfer provided for in the Transaction Documents.

 

Section 4.7           
NO CONFLICTS. The execution, delivery and performance of the Transaction Documents by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Purchase
Notice Shares, do not and will not: (a) result in a violation of the Company’s certificate or articles of incorporation,
by-laws or other organizational or charter documents, (b) conflict with, or constitute a material default (or an event that with
notice or lapse of time or both would become a material default) under, result in the creation of any Lien upon any of the properties
or assets of the Company, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement,
indenture, instrument or any “lock-up” or similar provision of any underwriting or similar agreement to which
the Company is a party, or (c) result in a violation of any federal, state or local law, rule, regulation, order, judgment or decree
(including federal and state securities laws and regulations) applicable to the Company or by which any property or asset of the
Company is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations
as would not, individually or in the aggregate, have a Material Adverse Effect) nor is the Company otherwise in violation of, conflict
with or in default under any of the foregoing. The business of the Company is not being conducted in violation of any law, ordinance
or regulation of any governmental entity, except for possible violations that either singly or in the aggregate do not and will
not have a Material Adverse Effect. The Company is not required under federal, state or local law, rule or regulation to obtain
any consent, authorization or order of, or make any filing or registration with, any court or governmental agency in order for
it to execute, deliver or perform any of its obligations under the Transaction Documents (other than any SEC or state securities
filings that may be required to be made by the Company in connection with the issuance of Purchase Notice Shares or subsequent
to any Closing or any registration statement that may be filed pursuant hereto); provided that, for purposes of the representation
made in this sentence, the Company is assuming and relying upon the accuracy of the relevant representations and agreements of
Investor herein.

 

    	 	11	 

    	 

    

 

Section 4.8           
NO MATERIAL ADVERSE EFFECT. No event has occurred that would have a Material Adverse Effect on the Company that has
not been disclosed in subsequent SEC Documents.

 

Section 4.9           
LITIGATION AND OTHER PROCEEDINGS. Except as disclosed in the SEC Documents and the Disclosure Schedule, there are
no material actions, suits, investigations, inquiries or similar proceedings (however any governmental agency may name them) pending
or, to the knowledge of the Company, threatened against or affecting the Company or its properties, nor has the Company received
any written or oral notice of any such action, suit, proceeding, inquiry or investigation, which would have a Material Adverse
Effect. No judgment, order, writ, injunction or decree or award has been issued by or, to the knowledge of the Company, requested
of any court, arbitrator or governmental agency which would have a Material Adverse Effect. There has not been, and to the knowledge
of the Company, there is not pending or contemplated, any investigation by the SEC involving the Company or any current or former
director or officer of the Company.

 

Section 4.10       
REGISTRATION RIGHTS. Except as set forth in Schedule 4.10, no Person (other than the Investor) has any right to cause
the Company to effect the registration under the Securities Act of any securities of the Company.

 

Section 4.11       
ACKNOWLEDGMENT REGARDING INVESTOR’S PURCHASE OF SECURITIES. The Company acknowledges
and agrees that the Investor is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction
Documents and the transactions contemplated hereby and thereby and that the Investor is not (i) an officer or director of the Company,
or (ii) an “affiliate” (as defined in Rule 144) of the Company. The Company further acknowledges that the Investor
is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents
and the transactions contemplated hereby and thereby, and any advice given by the Investor or any of its representatives or agents
in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to the Investor’s
purchase of the Shares. The Company further represents to the Investor that the Company’s decision to enter into the Transaction
Documents has been based solely on the independent evaluation by the Company and its representatives.

 

Section 4.12       
NO GENERAL SOLICITATION; PLACEMENT AGENT. Neither the Company, nor any Person acting
on its behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under
the Securities act) in connection with the offer or sale of the Securities. The Company has not engaged a placement agent in connection
with the sale of the Securities. 

 

Section 4.13       
NO INTEGRATED OFFERING. None of the Company, its affiliates, and any Person acting on their behalf has, directly
or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would
cause this offering of

 

    	 	12	 

    	 

    

the Securities to be
integrated with prior offerings for purposes of any applicable stockholder approval provisions, including, without limitation,
under the rules and regulations of any exchange or automated quotation system on which any of the securities of the Company are
listed or designated, but excluding stockholder consents required to authorize and issue the Securities or waive any anti-dilution
provisions in connection therewith.

 

Section 4.14       
OTHER COVERED PERSONS. The Company is not aware of any Person (other than any Issuer Covered Person) that has been
or will be paid (directly or indirectly) remuneration for solicitation of the Investor in connection with the sale of any Regulation
D Securities.

 

ARTICLE
V

COVENANTS OF INVESTOR

 

Section 5.1           
SHORT SALES AND CONFIDENTIALITY. Neither the Investor, nor any affiliate of the Investor acting on its behalf or
pursuant to any understanding with it, will execute any Short Sales during the period from the date hereof to the end of the Commitment
Period. For the purposes hereof, and in accordance with Regulation SHO, the sale after delivery of the Purchase Notice of such
number of shares of Common Stock reasonably expected to be purchased under the Purchase Notice shall not be deemed a Short Sale.
The Investor shall, until such time as the transactions contemplated by the Transaction Documents are publicly disclosed by the
Company in accordance with the terms of the Transaction Documents, maintain the confidentiality of the existence and terms of this
transaction and the information included in the Transaction Documents.

 

Section 5.2           
COMPLIANCE WITH LAW; TRADING IN SECURITIES. The Investor’s trading activities
with respect to shares of Common Stock will be in compliance with all applicable state and federal securities laws and regulations
and the rules and regulations of the Principal Market.

 

ARTICLE VI

COVENANTS OF THE COMPANY

 

Section 6.1           
LISTING OF COMMON STOCK. The Company shall promptly secure the listing, where applicable, of all of the Common Stock
to be issued to the Investor hereunder on the Principal Market (subject to official notice of issuance, where applicable) and shall
use commercially reasonable best efforts to maintain, so long as any shares of Common Stock shall be so listed, the listing, if
required, of all such Common Stock from time to-time issuable hereunder. The Company shall use its commercially reasonable best
efforts to continue the listing or quotation and trading of the Common Stock on the Principal Market (including, without limitation,
maintaining sufficient net tangible assets, if required) and will comply in all respects with the Company’s reporting, filing
and other obligations under the bylaws or rules of the Principal Market.

 

    	 	13	 

    	 

    

  

Section 6.2           
FILING OF CURRENT REPORT AND REGISTRATION STATEMENT. The Company agrees that it shall file a Current Report on Form
8-K, including the Transaction Documents as exhibits thereto, with the SEC within the time required by and in compliance with the
Exchange Act, relating to the transactions contemplated by, and describing the material terms and conditions of, the Transaction
Documents (the “Current Report”). The Company shall permit the Investor to review and comment upon the final
pre-filing draft version of the Current Report at least one (1) Business Day prior to its filing with the SEC, and the Company
shall give reasonable consideration to all such comments. The Investor shall use its reasonable best efforts to comment upon the
final pre-filing draft version of the Current Report within one (1) Business Day from the date the Investor receives it from the
Company. The Company shall also file with the SEC, within sixty (60) Business Days from the date the Company’s Common Stock
begins trading on the OTC Market’s OTCQB Tier, a new Registration Statement on Form S-1 or S-3 (the “Registration
Statement”) in compliance with the terms of the Registration Rights Agreement, covering the resale of the Securities.

 

ARTICLE VII

CONDITIONS TO DELIVERY OF

PURCHASE NOTICE AND CONDITIONS TO CLOSING

 

Section 7.1           
CONDITIONS PRECEDENT TO THE RIGHT OF THE COMPANY TO ISSUE AND SELL PURCHASE NOTICE SHARES. The right of the Company
to issue and sell the Purchase Notice Shares to the Investor is subject to the satisfaction of each of the conditions set forth
below:

(a)                  
ACCURACY OF INVESTOR’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Investor shall
be true and correct in all material respects as of the date of this Agreement and as of the date of each Closing as though made
at each such time.

 

(b)                 
PERFORMANCE BY INVESTOR. Investor shall have performed, satisfied and complied in all respects with all covenants,
agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Investor at or prior to
such Closing.

 

(c)                  
PERFORMANCE BY INVESTOR. Investor shall have performed, satisfied and complied in all respects with all covenants,
agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Investor at or prior to
such Closing.

(d)                 
PRINCIPAL MARKET REGULATION. The Company shall not issue any Purchase Notice Shares, and the Investor shall not have
the right to receive any Purchase Notice Shares, if the issuance of such Purchase Notice Shares would exceed the aggregate number
of shares of Common Stock which the Company may issue without breaching the Company’s obligations under the rules or regulations
of the Principal Market.

 

    	 	14	 

    	 

    

  

Section 7.2           
CONDITIONS PRECEDENT TO THE OBLIGATION OF INVESTOR TO PURCHASE THE PURCHASE NOTICE SHARES. The obligation of the
Investor hereunder to purchase the Purchase Notice Shares is subject to the satisfaction of each of the following conditions:

(a)                  
ESCROW ACCOUNT. The Company in its sole discretion, may at any time, cause the Investor to enter into an escrow agreement
with the Company and an escrow agent selected by the Company and approved by the Investor, to set up an escrow account for the
transactions under this Agreement.

 

(b)                 
EFFECTIVE REGISTRATION STATEMENT. The Registration Statement, and any amendment or supplement thereto, shall remain
effective for the offering of the Securities and (i) the Company shall not have received notice that the SEC has issued or intends
to issue a stop order with respect to such Registration Statement or that the SEC otherwise has suspended or withdrawn the effectiveness
of such Registration Statement, either temporarily or permanently, or intends or has threatened to do so and (ii) no other suspension
of the use of, or withdrawal of the effectiveness of, such Registration Statement or related prospectus shall exist. The Investor
shall not have received any notice from the Company that the prospectus and/or any prospectus supplement fails to meet the requirements
of Section 5(b) or Section 10 of the Securities Act.

 

(c)                  
ACCURACY OF THE COMPANY’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Company
shall be true and correct in all material respects as of the date of this Agreement and as of the date of each Closing (except
for representations and warranties specifically made as of a particular date).

 

(d)                 
PERFORMANCE BY THE COMPANY. The Company shall have performed, satisfied and complied in all material respects with
all covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company.

 

(e)                  
NO INJUNCTION. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or adopted by any court or governmental authority of competent jurisdiction that prohibits or directly and
materially adversely affects any of the transactions contemplated by the Transaction Documents, and no proceeding shall have been
commenced that may have the effect of prohibiting or materially adversely affecting any of the transactions contemplated by the
Transaction Documents.

 

(f)                  
ADVERSE CHANGES. Since the date of filing of the Company’s most recent annual report on Form 10-K, no event
that had or is reasonably likely to have a Material Adverse Effect has occurred.

 

(g)                 
NO SUSPENSION OF TRADING IN OR DELISTING OF COMMON STOCK. The trading of the Common Stock shall not have been suspended
by the SEC or the Principal Market, or otherwise halted for any reason, and the Common Stock shall have been approved for listing
or quotation on and shall not have been delisted from or no longer quoted on the Principal Market. In the event of a suspension,
delisting, or halting for any reason, of the trading of the Common Stock, as contemplated by this Section 7.2(g), the Investor
shall have the right to return to the Company any amount of Purchase Notice Shares associated with such Purchase Notice, and the
Investment Amount with respect to such Purchase Notice shall be refunded accordingly.

 

    	 	15	 

    	 

    

   

(h)                 
BENEFICIAL OWNERSHIP LIMITATION. The number of Purchase Notice Shares then to be purchased by the Investor shall
not exceed the number of such shares that, when aggregated with all other shares of Common Stock then owned by the Investor beneficially
or deemed beneficially owned by the Investor, would result in the Investor owning more than the Beneficial Ownership Limitation
(as defined below), as determined in accordance with Section 13 of the Exchange Act. For purposes of this Section 7.2(h), in the
event that the amount of Common Stock outstanding is greater or lesser on a Closing Date than on the date upon which the Purchase
Notice associated with such Closing Date is given, the amount of Common Stock outstanding on such issuance of a Purchase Notice
shall govern for purposes of determining whether the Investor, when aggregating all purchases of Common Stock made pursuant to
this Agreement, would own more than the Beneficial Ownership Limitation following a purchase on any such Closing Date. In the event
the Investor claims that compliance with a Purchase Notice would result in the Investor owning more than the Beneficial Ownership
Limitation, upon request of the Company the Investor will provide the Company with evidence of the Investor’s then existing
shares beneficially or deemed beneficially owned. The “Beneficial Ownership Limitation” shall be 4.99% of the number
of shares of the Common Stock outstanding immediately prior to the issuance of shares of Common Stock issuable pursuant to a Purchase
Notice. Notwithstanding the foregoing, the Investor may increase the Beneficial Ownership Limitation up to 9.99% at its sole discretion.
To the extent that the Beneficial Ownership Limitation is exceeded, the number of shares of Common Stock issuable to the Investor
shall be reduced so it does not exceed the Beneficial Ownership Limitation.

 

(i)                   
[INTENTIONALLY OMITTED]

 

(j)                   
NO KNOWLEDGE. The Company shall have no knowledge of any event more likely than not to have the effect of causing
the effectiveness of the Registration Statement to be suspended or any prospectus or prospectus supplement failing to meet the
requirement of Sections 5(b) or 10 of the Securities Act (which event is more likely than not to occur within the fifteen (15)
Business Days following the Business Day on which such Purchase Notice is deemed delivered).

 

(k)                 
NO VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT. The issuance of the Purchase Notice Shares shall not violate the
shareholder approval requirements of the Principal Market.

 

(l)                   
DWAC ELIGIBLE. The Common Stock must be DWAC Eligible and not subject to a “DTC chill”.

 

(m)               
SEC DOCUMENTS. All reports, schedules, registrations, forms, statements, information and other documents required
to have been filed by the Company with the SEC pursuant to the reporting requirements of the Exchange Act shall have been filed
with the SEC within the applicable time periods prescribed for such filings under the Exchange Act.

 

ARTICLE VIII

LEGENDS

 

Section 8.1           
NO RESTRICTIVE STOCK LEGEND. No restrictive stock legend shall be placed on the share certificates representing the
Purchase Notice Shares.

 

Section 8.2           
INVESTOR’S COMPLIANCE. Nothing in this Article VIII shall affect in any way the Investor’s obligations
hereunder to comply with all applicable securities laws upon the sale of the Common Stock.

 

    	 	16	 

    	 

    

 

ARTICLE IX

INDEMNIFICATION

 

Section 9.1           
INDEMNIFICATION. Each party (an “Indemnifying Party”) agrees to indemnify and hold harmless the
other party along with its officers, directors, employees, and authorized agents, and each Person or entity, if any, who controls
such party within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (an “Indemnified Party”)
from and against any Damages, and any action in respect thereof to which the Indemnified Party becomes subject to, resulting from,
arising out of this Agreement or relating to (i) any misrepresentation, breach of warranty or nonfulfillment of or failure to perform
any covenant or agreement on the part of the Indemnifying Party contained in this Agreement, (ii) any untrue statement or alleged
untrue statement of a material fact contained in the Registration Statement or any post-effective amendment thereof or prospectus
or prospectus supplement, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary
to make the statements therein not misleading, (iii) any untrue statement or alleged untrue statement of a material fact contained
in any preliminary prospectus or contained in the final prospectus (as amended or supplemented, if the Company files any amendment
thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to
make the statements made therein, in the light of the circumstances under which the statements therein were made, not misleading,
or (iv) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities law or
any rule or regulation under the Securities Act, the Exchange Act or any state securities law, as such Damages are incurred, except
to the extent such Damages result primarily from the Indemnified Party’s failure to perform any covenant or agreement contained
in this Agreement or the Indemnified Party’s, recklessness or willful misconduct in performing its obligations under this
Agreement; provided, however, that the foregoing indemnity agreement shall not apply to any Damages of an Indemnified Party
to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission
or alleged omission made by an Indemnifying Party in reliance upon and in conformity with written information furnished to the
Indemnifying Party by the Indemnified Party expressly for use in the Registration Statement, any post-effective amendment thereof,
prospectus, prospectus supplement thereto, or any preliminary prospectus or final prospectus (as amended or supplemented).

 

Section
9.2           
INDEMNIFICATION PROCEDURE.

 

(a)                  
A party that seeks indemnification under must promptly give the other party notice of any legal action. But a delay in notice
does not relieve an Indemnifying Party of any liability to any Indemnified Party, except to the extent the Indemnifying Party shows
that the delay prejudiced the defense of the action.

 

    	 	17	 

    	 

    

 

(b)                 
The Indemnifying Party may participate in the defense at any time or it may assume the defense by giving notice to the Indemnified
Parties. After assuming the defense, the Indemnifying Party:

 

(i)                
must select counsel (including local counsel if appropriate) that is reasonably satisfactory to the Indemnified Parties;

(ii)              
is not liable to the other party for any later attorney’s fees or for any other later expenses that the Indemnified
Parties incur, except for reasonable investigation costs;

(iii)            
must not compromise or settle the action without the Indemnified Parties consent (which may not be unreasonably withheld);
and

(iv)            
is not liable for any compromise or settlement made without its consent.

(c)                  
If the Indemnifying Party fails to assume the defense within 10 days after receiving notice of the action, the Indemnifying
Party shall be bound by any determination made in the action or by any compromise or settlement made by the Indemnified Parties,
and also remains liable to pay the Indemnified Parties’ legal fees and expenses.

 

Section 9.3           
METHOD OF ASSERTING INDEMNIFICATION CLAIMS. All claims for indemnification by any Indemnified Party under Section
9.2 shall be asserted and resolved as follows:

(a)                  
In the event any claim or demand in respect of which an Indemnified Party might seek indemnity under Section 9.2 is asserted
against or sought to be collected from such Indemnified Party by a Person other than a party hereto or an affiliate thereof (a
“Third Party Claim”), the Indemnified Party shall deliver a written notification, enclosing a copy of all papers served,
if any, and specifying the nature of and basis for such Third Party Claim and for the Indemnified Party’s claim for indemnification
that is being asserted under any provision of Section 9.2 against an Indemnifying Party, together with the amount or, if not then
reasonably ascertainable, the estimated amount, determined in good faith, of such Third Party Claim (a “Claim Notice”)
with reasonable promptness to the Indemnifying Party. If the Indemnified Party fails to provide the Claim Notice with reasonable
promptness after the Indemnified Party receives notice of such Third Party Claim, the Indemnifying Party shall not be obligated
to indemnify the Indemnified Party with respect to such Third Party Claim to the extent that the Indemnifying Party’s ability
to defend has been prejudiced by such failure of the Indemnified Party. The Indemnifying Party shall notify the Indemnified Party
as soon as practicable within the period ending thirty (30) calendar days following receipt by the Indemnifying Party of either
a Claim Notice or an Indemnity Notice (as defined below) (the “Dispute Period”) whether the Indemnifying Party disputes
its liability or the amount of its liability to the Indemnified Party under Section 9.2 and whether the Indemnifying Party desires,
at its sole cost and expense, to defend the Indemnified Party against such Third Party Claim.

 

    	 	18	 

    	 

    

  

(i)                
If the Indemnifying Party notifies the Indemnified Party within the Dispute Period that the Indemnifying Party desires to
defend the Indemnified Party with respect to the Third Party Claim pursuant to this Section 9.3(a), then the Indemnifying Party
shall have the right to defend, with counsel reasonably satisfactory to the Indemnified Party, at the sole cost and expense of
the Indemnifying Party, such Third Party Claim by all appropriate proceedings, which proceedings shall be vigorously and diligently
prosecuted by the Indemnifying Party to a final conclusion or will be settled at the discretion of the Indemnifying Party (but
only with the consent of the Indemnified Party in the case of any settlement that provides for any relief other than the payment
of monetary damages or that provides for the payment of monetary damages as to which the Indemnified Party shall not be indemnified
in full pursuant to Section 9.2). The Indemnifying Party shall have full control of such defense and proceedings, including any
compromise or settlement thereof; provided, however, that the Indemnified Party may, at the sole cost and expense
of the Indemnified Party, at any time prior to the Indemnifying Party’s delivery of the notice referred to in the first sentence
of this clause (i), file any motion, answer or other pleadings or take any other action that the Indemnified Party reasonably believes
to be necessary or appropriate to protect its interests; and provided, further, that if requested by the Indemnifying
Party, the Indemnified Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the
Indemnifying Party in contesting any Third Party Claim that the Indemnifying Party elects to contest. The Indemnified Party may
participate in, but not control, any defense or settlement of any Third Party Claim controlled by the Indemnifying Party pursuant
to this clause (i), and except as provided in the preceding sentence, the Indemnified Party shall bear its own costs and expenses
with respect to such participation. Notwithstanding the foregoing, the Indemnified Party may take over the control of the defense
or settlement of a Third Party Claim at any time if it irrevocably waives its right to indemnity under Section 9.2 with respect
to such Third Party Claim.

(ii)              
If the Indemnifying Party fails to notify the Indemnified Party within the Dispute Period that the Indemnifying Party desires
to defend the Third Party Claim pursuant to Section 9.3(a), or if the Indemnifying Party gives such notice but fails to prosecute
vigorously and diligently or settle the Third Party Claim, or if the Indemnifying Party fails to give any notice whatsoever within
the Dispute Period, then the Indemnified Party shall have the right to defend, at the sole cost and expense of the Indemnifying
Party, the Third Party Claim by all appropriate proceedings, which proceedings shall be prosecuted by the Indemnified Party in
a reasonable manner and in good faith or will be settled at the discretion of the Indemnified Party(with the consent of the Indemnifying
Party, which consent will not be unreasonably withheld). The Indemnified Party will have full control of such defense and proceedings,
including any compromise or settlement thereof; provided, however, that if requested by the Indemnified Party, the Indemnifying
Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnified Party and
its counsel in contesting any Third Party Claim which the Indemnified Party is contesting. Notwithstanding the foregoing provisions
of this clause (ii), if the Indemnifying Party has notified the Indemnified Party within the Dispute Period that the Indemnifying
Party disputes its liability or the amount of its liability hereunder to the

    	 	19	 

    	 

    

 

Indemnified Party
with respect to such Third Party Claim and if such dispute is resolved in favor of the Indemnifying Party in the manner provided
in clause (iii) below, the Indemnifying Party will not be required to bear the costs and expenses of the Indemnified Party’s
defense pursuant to this clause (ii) or of the Indemnifying Party’s participation therein at the Indemnified Party’s
request, and the Indemnified Party shall reimburse the Indemnifying Party in full for all reasonable costs and expenses incurred
by the Indemnifying Party in connection with such litigation. The Indemnifying Party may participate in, but not control, any defense
or settlement controlled by the Indemnified Party pursuant to this clause (ii), and the Indemnifying Party shall bear its own costs
and expenses with respect to such participation.

(iii)            
If the Indemnifying Party notifies the Indemnified Party that it does not dispute its liability or the amount of its liability
to the Indemnified Party with respect to the Third Party Claim under Section 9.2 or fails to notify the Indemnified Party within
the Dispute Period whether the Indemnifying Party disputes its liability or the amount of its liability to the Indemnified Party
with respect to such Third Party Claim, the amount of Damages specified in the Claim Notice shall be conclusively deemed a liability
of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the Indemnified
Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability with respect to such
claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such dispute;
provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying
Party shall be entitled to institute such legal action as it deems appropriate.

(b)                 
In the event any Indemnified Party should have a claim under Section 9.2 against the Indemnifying Party that does not involve
a Third Party Claim, the Indemnified Party shall deliver a written notification of a claim for indemnity under Section 9.2 specifying
the nature of and basis for such claim, together with the amount or, if not then reasonably ascertainable, the estimated amount,
determined in good faith, of such claim (an “Indemnity Notice”) with reasonable promptness to the Indemnifying Party.
The failure by any Indemnified Party to give the Indemnity Notice shall not impair such party’s rights hereunder except to
the extent that the Indemnifying Party demonstrates that it has been irreparably prejudiced thereby. If the Indemnifying Party
notifies the Indemnified Party that it does not dispute the claim or the amount of the claim described in such Indemnity Notice
or fails to notify the Indemnified Party within the Dispute Period whether the Indemnifying Party disputes the claim or the amount
of the claim described in such Indemnity Notice, the amount of Damages specified in the Indemnity Notice will be conclusively deemed
a liability of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the
Indemnified Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability with respect
to such claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such dispute;
provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying Party shall
be entitled to institute such legal action as it deems appropriate.

 

(c)                  
The Indemnifying Party agrees to pay the Indemnified Party, promptly as such expenses are incurred and are due and payable,
for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such
Claim.

 

    	 	20	 

    	 

    

 

(d)                 
The indemnity provisions contained herein shall be in addition to (i) any cause of action or similar rights of the Indemnified
Party against the Indemnifying Party or others, and (ii) any liabilities the Indemnifying Party may be subject to.

 

ARTICLE X

MISCELLANEOUS

 

Section 10.1       
GOVERNING LAW; JURISDICTION. This Agreement shall be governed by and interpreted in accordance with the laws of the
State of California without regard to the principles of conflicts of law. Each of the Company and the Investor hereby submits to
the exclusive jurisdiction of the United States federal and state courts located in Los Angeles, California, with respect to any
dispute arising under the Transaction Documents or the transactions contemplated thereby.

 

Section 10.2       
JURY TRIAL WAIVER. The Company and the Investor hereby waive a trial by jury in any action, proceeding or counterclaim
brought by either of the parties hereto against the other in respect of any matter arising out of or in connection with the Transaction
Documents.

 

Section 10.3       
ASSIGNMENT. The Transaction Documents shall be binding upon and inure to the benefit of the Company and the Investor
and their respective successors. Neither this Agreement nor any rights of the Investor or the Company hereunder may be assigned
by either party to any other Person.

 

Section 10.4       
NO THIRD-PARTY BENEFICIARIES. This Agreement is intended for the benefit of the Company and the Investor and their
respective successors, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as
contemplated by Article IX.

 

Section 10.5       
TERMINATION. The Company or Investor may terminate this Agreement at any time in
the event of a material breach of the Agreement by the Company or Investor, which shall be effected by written notice being sent
by the non-breaching party to the breaching party. In addition, this Agreement shall automatically terminate on the earlier of
(i) the end of the Commitment Period; (ii) the date in which the Registration Statement is no longer effective, or (iii) the date
that, pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case or any Person commences a
proceeding against the Company, a Custodian is appointed for the Company or for all or substantially all of its property or the
Company makes a general assignment for the benefit of its creditors; provided, however, that the provisions of Articles III, IV,
V, VI, IX and the agreements and covenants of the Company and the Investor set forth in this Article X shall survive the termination
of this Agreement. This Agreement may also be terminated by the Company at any time for any reason by giving written notice to
the Investor. Upon termination of this Agreement by the Company for any reason, unless the Company has already issued 50,000 Restricted
Shares to the Investor pursuant to Section 2.3 of this Agreement, the Company shall issue 50,000 Restricted Shares to the Investor,
irrespective of any other event or condition, including, without limitation, the Company’s submission of a Purchase
Notice.

 

    	 	21	 

    	 

    

 

Section 10.6       
ENTIRE AGREEMENT. The Transaction Documents, together with the exhibits thereto, contain the entire understanding
of the Company and the Investor with respect to the matters covered herein and therein and supersede all prior agreements and understandings,
oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents and exhibits.

 

Section 10.7       
FEES AND EXPENSES. Except as expressly set forth in the Transaction Documents or any other writing to the contrary,
each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company
shall pay the Clearing Cost associated with each Closing, and any Transfer Agent fees (including any fees required for same-day
processing of any instruction letter delivered by the Company), stamp taxes and other taxes and duties levied in connection with
the delivery of any Securities to the Investor.

 

Section 10.8       
COUNTERPARTS. The Transaction Documents may be executed in multiple counterparts, each of which may be executed by
less than all of the parties and shall be deemed to be an original instrument which shall be enforceable against the parties actually
executing such counterparts and all of which together shall constitute one and the same instrument. The Transaction Documents may
be delivered to the other parties hereto by email of a copy of the Transaction Documents bearing the signature of the parties so
delivering this Agreement.

 

Section 10.9       
SEVERABILITY. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that
such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.

 

Section 10.10   
FURTHER ASSURANCES. Each party shall do and perform, or cause to be done and performed, all such further acts and
things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

Section 10.11   
NO STRICT CONSTRUCTION. The language used in this Agreement will be deemed to be the language chosen by the parties
to express their mutual intent, and no rules of strict construction will be applied against any party.

 

Section 10.12   
EQUITABLE RELIEF. The Company recognizes that in the event that it fails to
perform, observe, or discharge any or all of its obligations under this Agreement, any remedy at law may prove to be inadequate
relief to the Investor. The Company therefore agrees

 

    	 	22	 

    	 

    

 

that the Investor shall
be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages. In
addition to being entitled to exercise all rights provided herein or granted by law, both parties will be entitled to specific
performance under the Transaction Documents. The parties agree that monetary damages may not be adequate compensation for any loss
incurred by reason of any breach of obligations contained in the Transaction Documents and hereby agree to waive and not to assert
in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

 

Section 10.13   
TITLE AND SUBTITLES. The titles and subtitles used in this Agreement are used for the convenience of reference and
are not to be considered in construing or interpreting this Agreement.

 

Section 10.14   
AMENDMENTS; WAIVERS. No provision of this Agreement may be amended or waived by the parties from and after the date
that is one (1) Business Day immediately preceding the initial filing of the prospectus to the Registration Statement with the
SEC. Subject to the immediately preceding sentence, (i) no provision of this Agreement may be amended other than by a written instrument
signed by both parties hereto and (ii) no provision of this Agreement may be waived other than in a written instrument signed by
the party against whom enforcement of such waiver is sought. No failure or delay in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege.

 

Section 10.15   
PUBLICITY. The Company and the Investor shall consult with each other in issuing any press releases or otherwise
making public statements with respect to the transactions contemplated hereby and no party shall issue any such press release or
otherwise make any such public statement, other than as required by law, without the prior written consent of the other parties,
which consent shall not be unreasonably withheld or delayed, except that no prior consent shall be required if such disclosure
is required by law, in which such case the disclosing party shall provide the other party with prior notice of such public statement.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Investor without the prior written consent
of the Investor, except to the extent required by law. The Investor acknowledges that the Transaction Documents may be deemed to
be “material contracts,” as that term is defined by Item 601(b)(10) of Regulation S-K, and that the Company
may therefore be required to file such documents as exhibits to reports or registration statements filed under the Securities Act
or the Exchange Act. The Investor further agrees that the status of such documents and materials as material contracts shall be
determined solely by the Company, in consultation with its counsel.

 

Section 10.16   
DISPUTE RESOLUTION.

 

(a)                  
Submission to Dispute Resolution.

 

    	 	23	 

    	 

    

  

(i)                
In the case of a dispute relating to the Average Daily Trading Volume, Purchase Notice Limit or VWAP (as the case may be)
(including, without limitation, a dispute relating to the determination of any of the foregoing), the Company or the Investor (as
the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two
(2) Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Investor at any time after
the Investor learned of the circumstances giving rise to such dispute. If the Investor and the Company are unable to promptly resolve
such dispute relating to such Average Daily Trading Volume, Purchase Notice Limit or VWAP (as the case may be), at any time after
the second (2nd) Business Day following such initial notice by the Company or the Investor (as the case may be) of such dispute
to the Company or the Investor (as the case may be), then the Company and the Investor may select an independent, reputable investment
bank as mutually agreed upon to resolve such dispute.

(ii)              
The Investor and the Company shall each deliver to such investment bank (A) a copy of the initial dispute submission so
delivered in accordance with the first sentence of this Section 10.16 and (B) written documentation supporting its position with
respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by the fifth (5th) Business Day immediately following
the date on which such investment bank was selected (the “Dispute Submission Deadline”) (the documents referred to
in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”)
(it being understood and agreed that if either the Investor or the Company fails to so deliver all of the Required Dispute Documentation
by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer
be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such investment
bank with respect to such dispute and such investment bank shall resolve such dispute based solely on the Required Dispute Documentation
that was delivered to such investment bank prior to the Dispute Submission Deadline). Unless otherwise agreed to in writing by
both the Company and the Investor or otherwise requested by such investment bank, neither the Company nor the Investor shall be
entitled to deliver or submit any written documentation or other support to such investment bank in connection with such dispute
(other than the Required Dispute Documentation).

(iii)            
The Company and the Investor shall cause such investment bank to determine the resolution of such dispute and notify the
Company and the Investor of such resolution no later than ten (10) Business Days immediately following the Dispute Submission Deadline.
The fees and expenses of such investment bank shall be borne solely by the party submitting such dispute, and such investment bank’s
resolution of such dispute shall be final and binding upon all parties absent manifest error.

(b)                 
Miscellaneous. Both the Company and the Investor expressly acknowledge and agree that (i) this Section 10.16 constitutes
an agreement to arbitrate between the Company and the Investor (and constitutes an arbitration agreement) only with respect to
such dispute in connection with Section 10.16(a)(i) and that both the Company and the Investor are authorized to apply for an order
to compel arbitration in order to compel compliance with this

 

    	 	24	 

    	 

    

 

Section 10.16, (ii)
the terms of this Agreement and each other applicable Transaction Document shall serve as the basis for the selected investment
bank’s resolution of the applicable dispute, such investment bank shall be entitled (and is hereby expressly authorized)
to make all findings, determinations and the like that such investment bank determines are required to be made by such investment
bank in connection with its resolution of such dispute and in resolving such dispute such investment bank shall apply such findings,
determinations and the like to the terms of this Agreement and any other applicable Transaction Documents, (iii) the Company and
the Investor shall have the right to submit any dispute other than described in this Section 10.16 (a) to any state or federal
court sitting in The City of Los Angeles and (iv) nothing in this Section 10.16 shall limit the Company or the Investor from obtaining
any injunctive relief or other equitable remedies (including, without limitation, with respect to any matters described in this
Section 10.16). The Company and the Investor agree that all dispute resolutions may be conducted in a virtual setting to be mutually
agreed by both parties.

 

Section 10.17   
NOTICES. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (a) personally served, (b) delivered by reputable air courier
service with charges prepaid next Business Day delivery, or (c) transmitted by hand delivery, or email as a PDF, addressed as set
forth below or to such other address as such party shall have specified most recently by written notice given in accordance herewith.
Any notice or other communication required or permitted to be given hereunder shall be deemed effective upon hand delivery or delivery
by email at the address designated below (if delivered on a business day during normal business hours where such notice is to be
received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received).

 

The addresses for such communications
shall be:

 

If to the Company:

 

WIKISOFT CORP.

Email: cf@wikisoft.com

 

with a copy (not constituting
notice) to:

Anthony L.G., PLLC

John Cacomanolis, Esq.

Email: jcacomanolis@anthonypllc.com

 

If to the Investor:

 

WHITE LION CAPITAL LLC

Email: team@whitelioncapital.com

 

With a copy (not constituting
notice) to:

 

 

Either party hereto may from time to time
change its address or email for notices under this Section 10.17 by giving prior written notice of such changed address to the
other party hereto.

 

 

[Signature Page Follows]

 

    	 	25	 

    	 

    

  

IN WITNESS WHEREOF,
the parties have caused this Agreement to be duly executed by their respective officers thereunto duly authorized as of the day
and year first above written.

 

WIKISOFT
CORP.

 

 

 

By: __________________

Name: Carsten
Kjems Falk

Title:Chief
Executive Officer

 

 

WHITE LION
CAPITAL LLC

 

 

 

By: ________________

Name: Sam
Yaffa

Title: Managing
Director

 

    	 	26	 

    	 

    

 

DISCLOSURE SCHEDULES TO

COMMON STOCK PURCHASE AGREEMENT

Schedule 4.5 – SEC Documents

Schedule 4.9 – Litigation

Schedule 4.10 – Registration
Rights

    	 	27	 

    	 

    

 

EXHIBIT A

FORM OF PURCHASE NOTICE

 

TO: WHITE LION CAPITAL LLC

We refer to the Common Stock Purchase
Agreement, dated as of 10 May, 2021, (the “Agreement”), entered into by and between Wikisoft Corp.,
and White Lion Capital LLC. Capitalized terms defined in the Agreement shall, unless otherwise defined herein, have the same meaning
when used herein.

We hereby:

 

1) Give you notice that we require you
to purchase __________ Purchase Notice Shares; and

 

2) Certify that, as of the date hereof,
the conditions set forth in Section 7 of the Agreement are satisfied.

 

 

 

WIKISOFT
CORP.

 

 

 

By: ___________________

Name: Carsten
Kjems Falk

Title:Chief
Executive Officer

 

    	 	28	 

    	 

    

 

EXHIBIT B

REGISTRATION RIGHTS AGREEMENT

 

    	 	29

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