Document:

EXHIBIT 10.2 

DEBENTURE REGISTRATION
RIGHTS AGREEMENT

 

 

THIS DEBENTURE REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of April 17, 2014, by and between Brazil Interactive Media,
Inc., a Delaware corporation (the “Company”), and the undersigned (the “Holder”). The Company
and the Holder are hereinafter sometimes collectively referred to as the “Parties” and each a “Party”
to this Agreement.

 

RECITALS:

 

WHEREAS, upon the terms
and subject to the conditions of that certain Subscription Agreement, of even date herewith, by and between the Holder and the
Company (the “Subscription Agreement”), the Company has agreed to issue and sell to the Holder convertible debentures
of the Company, which will be convertible or exercisable into shares of common stock, $0.00001 par value per share (the “Common
Stock”), of the Company; and

 

WHEREAS, to induce the
Holder to execute and deliver (i) the Subscription Agreement, (ii) this Agreement, (iii) that certain Debenture, of even date herewith,
by and between the Company and the Holder (the “Debenture”), and (vi) all agreements referenced in the foregoing
documents (collectively, the “Transaction Documents”), the Company has agreed to provide certain registration
rights under the Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations promulgated
thereunder, and applicable state securities laws, with respect to the shares of Common Stock issuable pursuant to the Transaction
Documents.

 

NOW, THEREFORE, for and
in consideration of the foregoing premises, the agreements and covenants herein contained, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Holder, intending to be legally bound, hereby
agree as follows:

 

 

1. Definitions. As used
in this Agreement, the following terms shall have the following meanings:

 

a."Best Efforts" means
the reasonable best efforts that a prudent person desirous of achieving a result would use in good faith in similar circumstances
to ensure that such result is achieved as expeditiously as can reasonably be expected.

 

b.“Closing
Date” shall mean on or about April 24, 2014 but in no event before the closing of the transaction outlined in the Agreement
and Plan of Reorganization between American Cannabis Consulting, Inc. and Brazil Interactive Media, Inc.

.

c.“Debentures” shall
mean the convertible debenture issued by the Company to the Holder pursuant to the Debenture.

 

d.“Holder” shall
mean the Parties other than the Company executing this Agreement.

 

e. “Effective Date”
shall mean the date the SEC declares the Registration Statement effective and the Company has filed all necessary amendments, including
the letter to request accelerated effectiveness and the Prospectus covering the resale of Shares.

 

f. “Face Amount”
means Three Hundred Ninety-Five Thousand U.S. Dollars ($395,000) to be invested in the aggregate by all of the Holders.

 

g. “Filing Date”
shall mean the date the Registration Statement has been filed with the SEC (as determined by EDGAR) and no stop order of acceptance
has been issued by the SEC.

 

h. “Person” means
a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental
or political subdivision thereof or a governmental agency.

    	

    	 

    

 

i. “Potential Material Event”
means any of the following: (i) the possession by the Company of material information not ripe for disclosure in a Registration
Statement, which shall be evidenced by determinations in good faith by the Board of Directors of the Company that disclosure of
such information in the Registration Statement would be detrimental to the business and affairs of the Company, or (ii) any event
or activity concerning the Company which would, based on a good faith determination by the Company's Board of Directors, adversely
affect the Company or its shareholders if it were included in a Registration Statement or other filing.

 

j.“Principal Market”
means either The American Stock Exchange, Inc., The New York Stock Exchange, Inc., the Nasdaq National Market, The Nasdaq SmallCap
Market, OTC electronic bulletin board, or OTC Markets, whichever is the principal market on which the Common Stock is listed.

 

k. “Register”, “Registered”
and “Registration” refer to a registration effected by preparing and filing with the SEC one or more Registration
Statements in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule providing
for offering securities on a continuous basis (“Rule 415”), and effectiveness of such Registration Statement(s).

 

l. “Registrable Securities”
means the shares of Common Stock issued or issuable (i) pursuant to the Subscription Agreement and the Transaction Documents, and
(ii) any shares of capital stock issued or issuable with respect to such shares of Common Stock as a result of any stock split,
stock dividend, recapitalization, exchange or similar event or otherwise, which have not been (x) included in a Registration Statement
that has been declared effective by the SEC, (y) sold under circumstances meeting all of the applicable conditions of Rule 144,
promulgated under the Securities Act or (z) saleable without limitation as to time, manner and volume pursuant to Rule 144(k) (or
any similar provision then in force) under the Securities Act.

 

m.“Registration Statement”
means a registration statement of the Company filed under the Securities Act.

 

n.“SEC” means the
United States Securities and Exchange Commission.

 

All capitalized terms used
but not defined in this Agreement shall have the meaning ascribed to them in the Transaction Documents.

 

For the purposes of determining
dates for penalties or filing deadlines, as outlined in this Agreement, both parties agree that the date given by the SEC shall
constitute the applicable official date.

 

2.Registration.

 

a.Mandatory Registration. The
Company shall use its Best Efforts to prepare and file with the SEC, within 45 days following the Closing Date (“Filing
Deadline”), a Registration Statement or Registration Statements (as is necessary) covering the resale of all of the Registrable
Securities, which Registration Statement(s) shall state that, in accordance with Rule 415 promulgated under the Securities Act,
such Registration Statement also covers such indeterminate number of additional shares of Common Stock as may become issuable upon
stock splits, stock dividends or similar transactions. The Company shall initially register for resale an amount of shares of Common
Stock which would be issuable on the date preceding the filing of the Registration Statement based on the Conversion Price (as
defined in the Debenture) of the Debenture; or an amount equal to the maximum amount allowed under Rule 415 (a)(1)(i) as interpreted
by the SEC. In the event the Company cannot register sufficient shares of Common Stock, due to the remaining number of authorized
shares of Common Stock being insufficient, the Company will use its best efforts to register the maximum number of shares it can
based on the remaining balance of authorized shares and will use its best efforts to increase the number of its authorized shares
as soon as reasonably practicable. The Company shall use its best efforts to keep effective and current a Registration Statement
while there is any outstanding balance due on the Debenture.

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b.If the Registration Statement covering
the Registrable Securities required to be filed by the Company pursuant to Section 2(a) hereof is not filed by the Filing
Deadline, then the Company shall pay the Holder the sum of two percent (2%) of the Face Amount of the Debentures outstanding as
liquidated damages, and not as a penalty.

 

Notwithstanding the foregoing,
the amounts payable by the Company pursuant to this Section 2 shall not be payable to the extent any delay in the filing
of the Registration Statement occurs because of an act of, or a failure to act or to act timely by the Holder or is otherwise attributable
to the Holder.

 

The liquidated damages set forth in this
Section 2 shall continue until the obligation is fulfilled and shall be paid, at the Holder's option in cash or common stock
priced at the Conversion Price, or portion thereof, until the Registration Statement is filed. Failure of the Company to make payment
within said three (3) business days from the Filing Deadline shall be considered a breach of this Agreement, and the Holder may
elect to pursue remedies as outlined in this Section 2. 

 

The Company acknowledges
that its failure to have the Registration Statement filed by the Filing Deadline will cause the Holder to suffer irreparable harm,
and, that damages will be difficult to ascertain. Accordingly, the Parties agree that it is appropriate to include in this Agreement
a provision for liquidated damages. The Parties acknowledge and agree that the liquidated damages provision set forth in this section
represents the parties’ good faith effort to quantify such damages and, as such, agree that the form and amount of such liquidated
damages are reasonable and will not constitute a penalty. The payment of liquidated damages shall not relieve the Company from
its obligations to register the Common Stock and deliver the Common Stock pursuant to the terms of this Agreement, the Subscription
Agreement and the Debenture.

 

c.The Company shall use its Best Efforts
and take all available steps to have the Registration Statement declared effective by the SEC within one hundred eighty (180) calendar
days after the Filing Deadline (the “Effective Deadline”). If the Registration Statement covering the Registrable Securities
required to be filed by the Company pursuant to Section 2(a) hereof has not become effective by the Effective Deadline,
then the Company shall pay the Holder the sum of two percent (2%) of the Face Amount of the Debentures as liquidated damages, and
not as a penalty, following the one hundred eighty (180) calendar day period until the Registration Statement becomes effective.

 

If
the Registration Statement covering the Registrable Securities required to be filed by the Company pursuant to Section 2(a)
hereof has become effective, and, thereafter, the Holder’s right to sell is suspended,
for any reason, then the Company shall pay the Holder the sum of two percent (2%) of the Face Amount of the Debentures plus
interest and penalties due to the Holder for the Registrable Securities pursuant to the Subscription Agreement for each ten (10)
calendar day period, pro rata, compounded daily, following the suspension, until such suspension ceases. 

 

Notwithstanding the foregoing,
the amounts payable by the Company pursuant to this Section 2 shall not be payable to the extent any delay in the effectiveness
of the Registration Statement or any suspension of the effectiveness occurs because of an act of, or a failure to act or to act
timely by the Holder or is otherwise attributable to the Holder.

 

The damages set forth in this Section
2 shall continue until the obligation is fulfilled and shall be paid within three (3) business days after each ten (10) day
period, or portion thereof, until the Registration Statement is declared effective or such suspension is released. Failure of the
Company to make payment within said three (3) business days shall be considered a default. 

 

The Company acknowledges
that its failure to have the Registration Statement become effective by the Effective Deadline or to permit the suspension
of the effectiveness of the Registration Statement, will cause the Holder to suffer irreparable harm and, that damages will be
difficult to ascertain.

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d. The Company agrees to only register
such securities as are necessary to meet its obligations to the Holder and agrees not to register additional securities without
the Holder's prior written consent to be agreed upon in writing by the Holder before the Filing Date. Furthermore, the Company
agrees that it will not file any other Registration Statement, including those on Form S-8 or Form S-4, for other securities, until
there is no balance left on the Debenture, unless it has the prior written approval from the Holder. Failure to obtain prior written
approval from the Holder will cause the Holder to suffer damages that will be difficult to ascertain. Accordingly, the Parties
agree that it is appropriate to include a provision for liquidated damages and the Company agrees to pay the Holder the sum of
two percent (2%) of the Face Amount of the Debentures as liquidated damages and not as a penalty for each thirty (30) calendar
day period, pro rata, compounded daily, until the unauthorized Registration Statement is withdrawn.

 

3.Related Obligations.

 

At such time as the Company
is obligated to prepare and file a Registration Statement with the SEC pursuant to Section 2(a) hereof, the Company will
use its best efforts to effect the registration of the Registrable Securities in accordance with the intended method of disposition
thereof and, with respect thereto, the Company shall have the following obligations:

 

 

a.The Company shall use its Best Efforts
to cause such Registration Statement relating to the Registrable Securities to become effective within one hundred eighty (180)
calendar days after the Filing Deadline and shall keep such Registration Statement effective pursuant to Rule 415 under the Securities
Act until the date on which (A) the Holder shall have sold all the Registrable Securities or the shares included therein otherwise
cease to be Registrable Securities, and (B) the Holder has no right to convert the securities it owns into Common Stock under the
Subscription Agreement or Debenture, respectively (the “Registration Period”), which Registration Statement
(including any amendments or supplements thereto and prospectuses contained therein) shall, as of the date thereof, not contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the
statements therein, in light of the circumstances in which they were made, not misleading.

 

b.The Company shall prepare and file
with the SEC such amendments (including post-effective amendments) and supplements to a Registration Statement and the prospectus
used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 under the Securities
Act, as may be necessary to keep such Registration Statement effective during the Registration Period, and, during such period,
comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities of the Company covered
by such Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance
with the intended methods of disposition by the Holder as set forth in such Registration Statement. In the event the number of
shares of Common Stock available under a Registration Statement filed pursuant to this Agreement is at any time insufficient to
cover all of the Registrable Securities, the Company shall amend such Registration Statement, or file a new Registration Statement
(on the short form available therefor, if applicable), or both, so as to cover all of the Registrable Securities, in each case,
as soon as practicable, but in any event within thirty (30) calendar days after the necessity therefor arises (based on the then
Purchase Price of the Common Stock and other relevant factors on which the Company reasonably elects to rely), assuming the Company
has sufficient authorized shares at that time, and if it does not, within thirty (30) calendar days after such shares are authorized.
The Company shall use it best efforts to cause such amendment and/or new Registration Statement to become effective as soon as
practicable following the filing thereof.

 

Prior to conversion of
all the Shares (as defined in the Debenture) if at any time the conversion of all the Shares outstanding would result in an insufficient
number of authorized shares of Common Stock being available to cover all the conversions, or in the event that Holder deems that
the Shares authorized will become insufficient, the Company will move to call and hold a shareholder’s meeting within thirty
(30) calendar days for the sole purpose of authorizing additional shares of Common Stock to facilitate the conversions. In such
an event the Company shall recommend to all shareholders and management of the Company to vote their shares in favor of increasing
the authorized number of shares of Common Stock in sufficient number to fully cover the Holder's conversion rights. The Company
represents and warrants that under no circumstances will it deny or prevent Holder’s right to convert the Shares as permitted
under the terms of the Subscription Agreement, this Agreement or any of the other Transaction Documents. The Holder retains the
right to request additional shares upon the determination the company may not be able to facilitate conversions in the future.

    	4

    	 

    

 

cThe Company shall furnish to the Holder
whose Registrable Securities are included in any Registration Statement and its legal counsel without charge and upon request (i)
promptly after the same is prepared and filed with the SEC at least one copy of such Registration Statement and any amendment(s)
thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits, the prospectus
included in such Registration Statement (including each preliminary prospectus) and, with regards to such Registration Statement(s),
any correspondence by or on behalf of the Company to the SEC or the staff of the SEC and any correspondence from the SEC or the
staff of the SEC to the Company or its representatives, (ii) upon the effectiveness of any Registration Statement, a copy of the
prospectus included in such Registration Statement and all amendments and supplements thereto (or such other number of copies as
the Holder may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus, as
the Holder may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities. The Company
filing the documents described in this paragraph through EDGAR shall constitute delivery.

 

d.The Company shall use reasonable
efforts to (i) register and qualify the Registrable Securities covered by a Registration Statement under the applicable securities
or “blue sky” laws of such states of the United States as reasonably specified by the Holder, (ii) prepare and file
in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications
as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may
be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv)
take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do
business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), (y) subject
itself to general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction.
The Company shall promptly notify the Holder who holds Registrable Securities of the receipt by the Company of any notification
with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities
or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening
of any proceeding for such purpose.

 

e. The Company shall immediately
notify the Holder in writing of the happening of any event as a result of which the prospectus included in a Registration Statement,
as then in effect, would then contain an untrue statement of a material fact or omission to state a material fact, which would
otherwise be required to be stated therein or necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading; and, as a result, is required to be supplemented or as a result of which the Registration Statement
is required to be amended (“Registration Default”) and use all diligent efforts to promptly prepare any necessary
supplement to such prospectus or amendment to such Registration Statement and take any other necessary steps to cure the Registration
Default, (which, if such Registration Statement is on Form S-3, may consist of a document to be filed by the Company with the SEC
pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and to be incorporated by reference in the prospectus) to correct such untrue statement or omission, and deliver one (1) copy of
such supplement or amendment to Holder (or such other number of copies as Holder may reasonably request; delivery via EDGAR shall
constitute delivery). Failure to cure the Registration Default within five (5) business days shall result in the Company paying
liquidated damages of two percent (2%) of the then outstanding principal amount of the Debentures then held by the Holder for each
thirty (30) calendar day period or portion thereof, beginning on the date of suspension. The Company shall also promptly notify
Holder in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a Registration
Statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to Holder
by facsimile on the same day of such effectiveness and by overnight mail), (ii) of any request by the SEC for amendments or supplements
to a Registration Statement or related prospectus or related information, (iii) of the Company's reasonable determination that
a post-effective amendment to a Registration Statement would be appropriate, (iv) in the event the Registration Statement is no
longer effective or, (v) the Registration Statement is stale for a period of more than five (5) Trading Days as a result of the
Company’s failure to timely file its financials with the SEC.

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The Company acknowledges
that its failure to cure the Registration Default within three (3) business days from the date of Default, will cause the Holder
irreparable harm, and that damages will be difficult to ascertain. Accordingly, the parties agree that it is appropriate to include
in this Agreement a provision for liquidated damages. The parties acknowledge and agree that the liquidated damages provision set
forth in this section represents the parties’ good faith effort to quantify such damages and, as such, agree that the form
and amount of such liquidated damages are reasonable and will not constitute a penalty.

 

It is the intention of
the parties that interest payable under any of the terms of this Agreement shall not exceed the maximum amount permitted under
any applicable law. If a law, which applies to this Agreement which sets the maximum interest amount, is finally interpreted so
that the interest in connection with this Agreement exceeds the permitted limits, then: (1) any such interest shall be reduced
by the amount necessary to reduce the interest to the permitted limit; and (2) any sums already collected (if any) from the Company
which exceed the permitted limits will be refunded to the Company. The Holder may choose to make this refund by reducing the amount
that the Company owes under this Agreement or by making a direct payment to the Company. If a refund reduces the amount that the
Company owes the Holder, the reduction will be treated as a partial payment. In the event that any provision of this Agreement
is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable, such provision shall
be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity and enforceability
of the remaining provisions of this Agreement will not in any way be affected or impaired thereby.

 

f. The Company shall use its best efforts
to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement, or the suspension of
the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued,
to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Holder of the issuance of
such order and the resolution thereof. The Company will immediately notify the Holder of a proceeding, or threat of proceeding,
the result of which could affect the effectiveness of the registration statement.

 

g.The Company shall permit the Holder
and its counsel, of the Holder's choosing, to review and comment upon all Registration Statements, amendments and supplements,
at least seven (7) days prior to filing. The Company shall not file any Registration Statement with which Holder or its counsel
reasonably objects.

 

h.The Company shall make available
for inspection by (i) the Holder and (ii) one firm of attorneys and one firm of accountants or other agents retained by the Holder
(collectively, the “Inspectors”) all pertinent financial and other records, and pertinent corporate documents
and properties of the Company (collectively, the “Records”), as shall be reasonably deemed necessary by each
Inspector, and cause the Company's officers, directors and employees to supply all information which any Inspector may reasonably
request; provided, however, that each Inspector shall hold in strict confidence and shall not make any disclosure (except to the
Holder) or use of any Record or other information which the Company determines in good faith to be confidential, and of which determination
the Inspectors are so notified, unless (a) the disclosure of such Records is necessary to avoid or correct a misstatement or omission
in any Registration Statement or is otherwise required under the Securities Act, (b) the release of such Records is ordered pursuant
to a final, non-appealable subpoena or order from a court or government body of competent jurisdiction, or (c) the information
in such Records has been made generally available to the public other than by disclosure in violation of this or any other agreement
of which the Inspector has knowledge. The Holder agrees that it shall, upon learning that disclosure of such Records is sought
in or by a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow
the Company, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the
Records deemed confidential.

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i.The Company shall hold in confidence
and not make any disclosure of information concerning the Holder unless (i) disclosure of such information is necessary to comply
with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement
or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final,
non-appealable order from a court or governmental body of competent jurisdiction, or (iv) such information has been made generally
available to the public other than by disclosure in violation of this Agreement or any other agreement. The Company agrees that
it shall, upon learning that disclosure of such information concerning a Holder is sought in or by a court or governmental body
of competent jurisdiction or through other means, give prompt written notice to the Holder and allow the Holder, at the Holder's
expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, such information.

 

j.The Company shall use its best efforts
to secure designation and quotation of all the Registrable Securities covered by any Registration Statement on the Principal Market.
If, despite the Company's best efforts, the Company is unsuccessful in satisfying this obligation, it shall use its best efforts
to cause all the Registrable Securities covered by any Registration Statement to be listed on each other national securities exchange
and automated quotation system, if any, on which securities of the same class or series issued by the Company are then listed,
if any, if the listing of such Registrable Securities is then permitted under the rules of such exchange or system. If, despite
the Company's best efforts, the Company is unsuccessful in satisfying its obligation in this Section, it will use its best efforts
to secure the inclusion for quotation with Pink Sheets, LLC. The Company shall pay all fees and expenses in connection with satisfying
its obligation under this Section 3(j).

 

k.The Company shall cooperate with
the Holder to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing
the Registrable Securities to be offered pursuant to a Registration Statement and enable such certificates to be in such denominations
or amounts, as the case may be, as the Holder may reasonably request and registered in such names of the Persons who shall acquire
such Registrable Securities from the Holder, as the Holder may request.

 

l.The Company shall provide a transfer
agent for all the Registrable Securities not later than the Effective Date of the first Registration Statement filed pursuant hereto.

 

m.If requested by the Holder, the Company
shall (i) as soon as reasonably practical, incorporate in a prospectus supplement or post-effective amendment such information
as Holder reasonably determines should be included therein relating to the sale and distribution of Registrable Securities, including,
without limitation, information with respect to the offering of the Registrable Securities to be sold in such offering; (ii) make
all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated
in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement
if reasonably requested by Holder.

 

n.The Company shall use its best efforts
to cause the Registrable Securities covered by the applicable Registration Statement to be registered with or approved by such
other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable Securities.

 

o.The Company shall make available
to the Holder as soon as reasonably practical, but not later than ninety (90) calendar days after the close of the period covered
thereby, an earnings statement (in form complying with the provisions of Rule 158 under the Securities Act) covering a 12-month
period beginning not later than the first day of the Company's fiscal quarter next following the effective date of any Registration
Statement. Filing via EDGAR shall constitute delivery.

 

p.The Company shall otherwise use its
best efforts to comply with all applicable rules and regulations of the SEC in connection with any registration hereunder.

 

q.Within one (1) business day after
the Registration Statement which includes Registrable Securities is declared effective by the SEC, the Company shall deliver, and
shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities, with copies to the
Holder, confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit
A.

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r.After the SEC declares the Registration
Statement cleared of all comments and the Company's acceptance of the effectiveness of the Registration Statement, the Company
shall file a prospectus covering the resale of the Shares (“Prospectus”) within two (2) trading days.

 

s.The Company shall take all other
reasonable actions necessary to expedite and facilitate disposition by the Holder of the Registrable Securities pursuant to a Registration
Statement.

 

t.The Company shall provide a legal
opinion of the Company's outside counsel, dated the effective date of such registration statement (and, if such registration includes
an underwritten public offering, dated the date of the closing under the underwriting agreement), with respect to the registration
statement, each amendment and supplement thereto, the prospectus included therein (including the preliminary prospectus) and such
other documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions
of such nature.

 

u.The Company shall cooperate with
any broker-dealer through which a Holder proposes to resell its Registrable Securities in effecting a filing with the FINRA Corporate
Financing Department pursuant to FINRA Rule 5110, as requested by any such Holder, and the Company shall pay the filing fee required
by such filing within two (2) business days of request therefor

 

4.Obligations
Of The Holder.

 

a.At least five (5) calendar days prior
to the first anticipated filing date of a Registration Statement, the Company shall notify the Holder in writing of the information
the Company requires from the Holder. The Holder covenants and agrees that, in connection with any resale of Registrable Securities
by it pursuant to a Registration Statement, it shall comply with the “Plan of Distribution” section of the current
prospectus relating to such Registration Statement.

 

b.The Holder, by the
Holder's acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company
in connection with the preparation and filing of any Registration Statement hereunder and in responding to SEC comments in connection
therewith.

 

c.The Holder agrees
that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f) hereof
or the first sentence of Section 3(e) hereof, the Holder will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities until Holder's receipt of the copies of the supplemented
or amended prospectus contemplated by Section 3(f) hereof or the first sentence of Section 3(e) hereof.

 

5.Expenses
Of Registration.

 

All expenses, other than
underwriting discounts and commissions, incurred in connection with registrations, filings or qualifications pursuant to Section
2 and Section 3 hereof, including, without limitation, all registration, listing and qualifications fees, printing and
accounting fees, and reasonable fees and disbursements of counsel for the Company shall be paid by, and are the sole obligation
of, the Company.

 

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6.Indemnification.

 

In the event any Registrable
Securities are included in a Registration Statement under this Agreement:

 

 

a.To the fullest extent permitted by
law, the Company will, and hereby agrees to, indemnify, hold harmless and defend the Holder who holds such Registrable Securities,
the directors, officers, partners, employees, agents, representatives of, and each Person, if any, who controls Holder within the
meaning of the Securities Act or the Exchange Act) (each, an “Indemnified Person”), against any losses, claims,
damages, liabilities, judgments, fines, penalties, charges, costs, attorneys' fees, amounts paid in settlement or expenses, joint
or several (collectively, “Claims”), incurred in investigating, preparing or defending any action, claim, suit,
inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or
other regulatory agency, body or the SEC, whether pending or threatened, whether or not an Indemnified Person is or may be a party
thereto (Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings,
whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue
statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing made in connection
with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which Registrable
Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which the statements therein
were made, not misleading, (ii) any untrue statement or alleged untrue statement of a material fact 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 light of the circumstances
under which the statements therein were made, not misleading, or (iii) any violation or alleged violation by the Company of the
Securities Act, the Exchange Act, any other law, including, without limitation, any state securities law, or any rule or regulation
thereunder relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement (the matters in the
foregoing clauses (i) and (ii) being, collectively, “Violations”). Subject to the restrictions set forth in
Section 6(c) hereof with respect to the number of legal counsel, the Company shall reimburse the Holder and each such controlling
person, 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. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim arising out of or based
upon a Violation committed by any Indemnified Person or which occurs in reliance upon and in conformity with information furnished
in writing to the Company by any Indemnified Person expressly for use in connection with the preparation of the Registration Statement
or any such amendment thereof or supplement thereto, if such prospectus were timely made available by the Company pursuant to Section
3(c) hereof; (ii) shall not be available to the extent such Claim is based on (a) a failure of the Holder to deliver or to
cause to be delivered the prospectus made available by the Company or (b) the Indemnified Person's use of an incorrect prospectus
despite being promptly advised in advance by the Company in writing not to use such incorrect prospectus; and (iii) shall not apply
to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which
consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Indemnified Person and shall survive the resale of the Registrable Securities by the Holder pursuant
to the Registration Statement.

    	9

    	 

    

 

b.Promptly after receipt by an Indemnified
Person under this Section 6 of notice of the commencement of any action or proceeding (including any governmental action
or proceeding) involving a Claim, such Indemnified Person shall, if a Claim in respect thereof is to be made against any indemnifying
party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying
party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party
and the Indemnified Person, as the case may be; provided, however, that an Indemnified Person shall have the right to retain its
own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained
by the indemnifying party, the representation by such counsel of the Indemnified Person and the indemnifying party would be inappropriate
due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel
in such proceeding. The indemnifying party shall pay for only one separate legal counsel for the Indemnified Persons and such counsel
shall be selected by the Holder, if the Holder is entitled to indemnification hereunder, or the Company, if the Company is entitled
to indemnification hereunder, as applicable. The Indemnified Person shall cooperate fully with the indemnifying party in connection
with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party
all information reasonably available to the Indemnified Person which relates to such action or claim. The indemnifying party shall
keep the Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect
thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its written
consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying
party shall, without the consent of the Indemnified Person, consent to entry of any judgment or enter into any settlement or other
compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Person of a release from all liability in respect to such Claim. Following indemnification as provided for hereunder, the indemnifying
party shall be subrogated to all rights of the Indemnified Person with respect to all third parties, firms or corporations relating
to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified
Person under this Section 6, except to the extent that the indemnifying party is actually prejudiced in its ability to defend
such action.

 

c.The indemnification required by this
Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as
and when bills are received or Indemnified Damages are incurred.

 

d.The indemnity agreements contained
herein shall be in addition to (i) any cause of action or similar right of the Indemnified Person against the indemnifying party
or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law.

 

7.Contribution.

 

To the extent any indemnification
by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 6 hereof to the fullest extent permitted by law; provided,
however, that: (i) no contribution shall be made under circumstances where the maker would not have been liable for indemnification
under the fault standards set forth in Section 6 hereof; (ii) no seller of Registrable Securities guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities
who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities shall be limited
in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

    	10

    	 

    

 

8.Reports Under The Exchange Act.

With a view to making available
to the Holders the benefits of Rule 144 under the Securities Act or any similar rule or regulation of the SEC that may at any time
permit the Investors to sell securities of the Company to the public without registration (“Rule 144”) the Company
agrees to:

 

a.make and keep public information available, as those terms
are understood and defined in Rule 144;

 

b.file with the SEC in a timely manner
all reports and other documents required of the Company under the Securities Act and the Exchange Act so long as the Company remains
subject to such requirements and the filing of such reports and other documents as are required by the applicable provisions of
Rule 144; and

 

c.furnish to the Holder so long as
the Holder owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with
the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be
reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration.

 

9.No
Assignment Of Registration Rights.

 

The registration rights
and obligations under this Agreement shall not be assignable.

 

10.Amendment
Of Registration Rights.

 

Provisions of this Agreement
may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively
or prospectively), only with the written consent of both the Company and the Holder of the Registrable Securities. Any amendment
or waiver effected in accordance with this Section 10 shall be binding upon the Holder and the Company. No such amendment
shall be effective to the extent that it applies to less than all of the Holders of the Registrable Securities. No consideration
shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of this Agreement
unless the same consideration also is offered to all of the parties to this Agreement.

 

11.Miscellaneous.

 

a.Any notices, consents, waivers or
other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed
to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided a confirmation
of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one (1) day after
deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same.
The addresses for such communications shall be:

 

		If to the Company	Brazilian Interactive Media, Inc	 
	 	 	Peter J Gennuso, Esq.	 
	 	 	Thompson Hine LLP	 
	 	 	335 Madison Avenue, 12th Floor	 
	 	 	New York, NY 10017	 

 

	 	If to the Holder:	 
	 	Name:	 
	 	Address:	 
	 	 	 

    	11

    	 

    

 

Each party shall provide five (5) business
days prior notice to the other party of any change in address, phone number or facsimile number.

 

b.Failure of any Party to exercise
any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate
as a waiver thereof.

 

c. All disputes arising under this
Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without regard
to principles of conflict of laws. The Parties shall submit all disputes arising under this Agreement to arbitration in Boston,
Massachusetts before a single arbitrator of the American Arbitration Association (the “AAA”). The arbitrator
shall be selected by application of the rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall
be an attorney admitted to practice law in the Commonwealth of Massachusetts. No Party shall challenge the jurisdiction or venue
provisions as provided in this Section. Nothing in this Section shall limit the Holder's right to obtain an injunction for a breach
of this Agreement from a court of law. Any injunction obtained shall remain in full force and effect until the arbitrator, as set
forth in section c., fully adjudicates the dispute.

 

d.This Agreement and the Transaction
Documents constitute the entire set of agreements among the parties hereto with respect to the subject matter hereof and thereof.
There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to in the Transaction Documents.

 

e.This Agreement and the Transaction
Documents supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof
and thereof.

 

f.The headings in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

g.This Agreement may be executed in
two or more counterparts, all of which taken together shall constitute one instrument. Execution and delivery of this Agreement
by exchange of facsimile copies bearing the facsimile signature of a party shall constitute a valid and binding execution and delivery
of this Agreement by such party. Such facsimile copies shall constitute enforceable original documents.

 

h.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.

 

i.All consents and other determinations
to be made by the Holder pursuant to this Agreement shall be made, unless otherwise specified in this Agreement, by the Holder
holding a majority of the Registrable Securities.

 

j.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.

 

k.The Company hereby represent and
warrants to the Holder that: (i) it has voluntarily entered into this Agreement of its own freewill, (ii) it is not entering into
this Agreement under economic duress, (iii) the terms of this Agreement are reasonable and fair to the Company, and (iv) the Company
has had independent legal counsel of its own choosing review this Agreement, advise the Company with respect to this Agreement,
and represent the Company in connection with its entering into this Agreement.

    	12

    	 

    

 

l.Notwithstanding anything in this
Agreement to the contrary, the parties hereto hereby acknowledge and agree to the following: (i) the Holder makes no representations
or covenants that it will not engage in trading in the securities of the Company; (ii) the Company has not and shall not provide
material non-public information to the Holder unless prior thereto the Holder shall have executed a written agreement regarding
the confidentiality and use of such information; and (iii) the Company understands and confirms that the Holder will be relying
on the acknowledgements set forth in clauses (i) and (ii) above if the Holder effects any transactions in the securities of the
Company.

 

12. Waiver.

 

The Holder's delay or failure
at any time or times hereafter to require strict performance by Company of any undertakings, agreements or covenants shall not
waive, affect, or diminish any right of the Holder under this Agreement to demand strict compliance and performance herewith. Any
waiver by the Holder of any Event of Default shall not waive or affect any other Event of Default, whether such Event of Default
is prior or subsequent thereto and whether of the same or a different type. None of the undertakings, agreements and covenants
of the Company contained in this Agreement, and no Event of Default, shall be deemed to have been waived by the Holder, nor may
this Agreement be amended, changed or modified, unless such waiver, amendment, change or modification is evidenced by an instrument
in writing specifying such waiver, amendment, change or modification and signed by the Holder.

 

13. Payment Of Liquidated Damages.

 

Any liquidated damages
or other fees incurred herein by the Company for failure to act in a timely manner shall be charged to the Face Amount of the Debenture
(as defined in the Debenture), unless specifically noted otherwise. The Holder reserves the rights to take payment of such amounts
in cash or in Common Stock priced at the Conversion Price (as defined in the Debenture).

 

 

 

 

IN WITNESS WHEREOF, the
parties hereto have caused this Debenture Registration Rights Agreement to be duly executed on the day and year first above written.

 

 

 

	 	BRAZIL INTERACTIVE MEDIA, INC.	 
	 	 	 
	 	 	 
	 	By:	 
	 	Name: Corey Hollister	 
	 	Title: Chairman	 

 

	 	HOLDER	 
	 	 	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 

 

 

    	13

    	 

    

 

EXHIBIT A

 

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

Date: __________

 

Pacific Stock Transfer

4045 South Spencer Street Suite 403

Las Vegas, NV 89119

 

Re:Brazil
Interactive Media , Inc..

 

Ladies and Gentlemen:

 

We are counsel to Brazil
Interactive Media, Inc., a Delaware corporation (the “Company”), and have represented the Company in connection
with that certain Subscription Agreement (the "Subscription Agreement") entered into by and among the Company and Dutchess
the “Holder” pursuant to which the Company has agreed to issue to the Holder shares of the Company's common
stock, $0.001 par value per share (the “Common Stock”) on the terms and conditions set forth in the Subscription
Agreement. Pursuant to the Subscription Agreement, the Company also has entered into a Registration Rights Agreement with the Holder
(the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register
the Registrable Securities (as defined in the Registration Rights Agreement), including the shares of Common Stock issued or issuable
under the Subscription Agreement under the Securities Act of 1933, as amended (the “Securities Act”). In connection
with the Company's obligations under the Registration Rights Agreement, on ____________ ___, 2014, the Company filed a Registration
Statement on Form ________ (File No. 333-________) (the “Registration Statement”) with the United States Securities
and Exchange Commission (the “SEC”) relating to the Registrable Securities which names the Holder as a selling
shareholder thereunder.

 

In connection with the
foregoing, we advise you that the Registration Statement has become effective under the Securities Act at [enter the time of effectiveness]
on [enter the date of effectiveness] and to the best of our knowledge, after telephonic inquiry of a member of the SEC’s
staff, no stop order suspending its effectiveness has been issued and no proceedings for that purpose are pending before, or threatened
by, the SEC and the Registrable Securities are available for resale under the Securities Act pursuant to the Registration Statement.

 

 

	 	Very truly yours,	 
	 	 	 
	 	[Company Counsel] 	 
	 	 	 
	 	By:EXHIBIT 10.3

 

 

____________________

 

BRAZIL INTERACTIVE MEDIA, INC.

____________________

 

 

 

SUBSCRIPTION AGREEMENT

 

 

 

____________________

 

 

 

Up to $395,000 Of The Company’s Two-Year
Convertible Debentures 

 

 

___________________

 

 

 

 

 

 

 

 

 

 

 

 

 

    	

    	 

    

 

SUBSCRIPTION PROCEDURES

 

 

Convertible Debentures
(the “Debentures”) and (the “Securities”) of Brazil Interactive Media, Inc., Delaware corporation
(the “Company”) are being offered pursuant to this Subscription Agreement (this “Subscription Agreement”).
This “Offering” is being made in accordance with the exemptions from registration provided under Section 4(a)(2) of
the Securities Act of 1933, as amended (the “Securities Act”) and Rule 506(b) of Regulation D promulgated under
the Securities Act.

 

In order to purchase Securities,
each Subscriber must complete and execute this Subscription Agreement and the accompanying investor questionnaire (the “Questionnaire”).
In addition, the Holder, as defined herein, must make a payment for the amount being subscribed for hereunder directly to the Company.
All subscriptions are subject to acceptance by the Company, which shall not occur until the Company has returned the signed “Company
Signature Page”.

 

The Questionnaire is designed
to enable the Holder to demonstrate the minimum legal requirements under federal and state securities laws to purchase the Securities.
The Signature Page for the Questionnaire and the Subscription Agreement contain representations relating to the subscription and
should be reviewed carefully by each subscriber and/or its advisors.

 

If the Holder is a foreign
person or foreign entity, the Holder may be subject to a withholding tax equal to thirty percent (30%) of any dividends paid by
the Company. In order to eliminate or reduce such withholding tax, the Holder must submit a properly executed I.R.S. Form 4224
“Exemption from Withholding of Tax on Income Effectively Connected with the Conduct of a Trade or Business in the United
States” or I.R.S. Form 1001 “Ownership Exemption or Reduced Trade Certificate”, claiming exemption from withholding
or eligibility for treaty benefits in the form of a lower rate of withholding tax on interest or dividends.

 

Payment of the full subscription
amount will be made by wire transfer by _______________________________________________ (the “Holder”) on or
prior to the closing per the wire instructions that will be established. In the event of a termination of the Offering or the rejection
of a subscription, subscription funds will be returned by the Company without interest or charges.

 

SUBSCRIPTION AGREEMENT

 

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS
AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS. THE SECURITIES ARE SUBJECT
TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS PURSUANT
TO REGISTRATION OR AN EXEMPTION THEREFROM. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION (THE “SEC” OR THE “COMMISSION”) OR ANY OTHER REGULATORY AUTHORITY,
NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE
OFFERING MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

Brazil Interactive Media, Inc.

 

This Subscription Agreement
is made between Brazil Interactive Media, Inc., a Delaware corporation (the “Company”), and the undersigned
prospective Holder (the “Holder”) who is subscribing hereby for the Company’s convertible debentures (the
“Debentures”) (the “Securities”). This subscription is submitted to you in accordance with and subject
to the terms and conditions described in this Subscription Agreement, together with any Exhibits hereto, relating to an offering
of up to Three Hundred Ninety-Five Thousand dollars ($395,000) of the Securities (the “Offering”). The Offering
is limited to certain “accredited investors” and is made in accordance with the exemptions from registration provided
for under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated under the Securities Act (“Regulation
D”).

    	2

    	 

    

 

Contemporaneously with
the execution and delivery of this Subscription Agreement, the parties hereto are executing and delivering a Registration Rights
Agreement and Form of Debenture, all of even date herewith (collectively with the documents referenced in the foregoing documents,
the “Transaction Documents”).

 

1.Subscription.

 

(a) The
closing shall be deemed to have occurred on or about April 24, 2014 (the “Closing Date” or a
“Closing”) provided however, that the transactions contemplated by the Agreement and Plan of
Reorganization between the Company and American Cannabis Consulting, Inc., and all of its subsidiaries have been completed
("Acquisition")

 

(b)Upon
receipt by the Company of the requisite payment for the Debenture being purchased, the Debenture so purchased will be
forwarded by the Company to the Holder or its broker, as listed on the signature page, and the name of the Holder will be
registered on the Debenture transfer books of the Company as the record owner of such Debentures.

 

(c)As long as the Holder owns the Debenture,
the Holder shall have the right, to change the terms and conditions for the balance of the Debenture it then holds, to match the
terms of any other offering of securities made by the Company.

 

(d) The Holder shall fund (i) ___________________
dollars ($_________) upon Closing of the Acquisition, which shall be paid directly to the Company.

 

 

 

2.Representations And Warranties Of
The Holder.

 

The Holder hereby
represents and warrants to, and agrees with, the Company as follows:

 

(a)The Holder has been furnished
with, and has carefully read the applicable form of the Debenture and is familiar with and understands the terms of the Offering.
With respect to tax and other economic considerations involved in his investment, the Holder is not relying on any representation
or warranty made by the Company. The Holder has carefully considered and has, to the extent the Holder believes such discussion
necessary, discussed with the Holder's professional legal, tax, accounting and financial advisors the suitability of an investment
in the Company, by purchasing the Debentures, for the Holder's particular tax and financial situation and has determined that the
investment being made by the Holder is a suitable investment for the Holder.

 

(b)The Holder acknowledges
that all documents, records, and books pertaining to this investment which the Holder has requested, have been made available for
inspection, or the Holder has had access thereto.

 

(c)The Holder has had a reasonable
opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Company concerning the Offering,
and if such opportunity was taken, then all such questions have been answered to the full satisfaction of the Holder.

 

(d)The Holder will not sell,
or otherwise dispose of the Debentures or its underlying shares of the Company’s common stock, par value $0.00001 per share
(the “Common Stock”) issued upon conversion of the Debentures without registration under the Securities Act
or applicable state securities laws or compliance with an exemption therefrom including but not limited to Rule 144(b) and 144(k)
under the Securities Act (an “Exemption”). The Securities have not been registered under the Securities Act
or under the securities laws of any state. The Common Stock underlying the Securities, is to be registered by the Company, with
the U.S. Securities and Exchange Commission (“SEC”), pursuant to the terms of the Registration Rights Agreement (attached
hereto as Exhibit A) incorporated herein and made a part hereof.

 

(e)The Holder recognizes
that an investment in the Securities is speculative and involves substantial risks, including loss of the entire amount of such
investment. Further, the Holder has carefully read and considered the schedules attached hereto.

    	3

    	 

    

 

(f)The
Holder understands that no federal or state agency has made any finding or determination regarding the fairness of this Offering
of the Securities, or the Common Stock issuable upon conversion of the Debenture for investment, or any recommendation or endorsement
of this Offering of the Securities.

 

(g) The
Holder is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the 1933 Act. The Holder
has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the
purchase of the Securities. The Holder is not registered as a broker or dealer under Section 15(a) of the 1934 Act, affiliated
with any broker or dealer registered under Section 15(a) of the Securities Exchange Act of 1934, as amended, or a member of the
Financial Industry Regulatory Authority.

 

(h) The Holder
acknowledges that each certificate representing the Debentures (and the shares of Common Stock issued upon conversion of the
Debentures), shall be stamped or otherwise imprinted with a legend substantially in the following form:

 

THE SECURITIES EVIDENCED BY THIS
CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT (i) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (ii) TO THE EXTENT APPLICABLE, PURSUANT TO RULE 144 UNDER
THE ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) PURSUANT TO AN AVAILABLE EXEMPTION
FROM REGISTRATION UNDER SUCH ACT.

 

If the Holder
sends a Notice of Conversion (attached hereto as Exhibit B), and a registration statement under the Securities Act is in
effect as to the sale, then in such event the Company shall have its transfer agent send Holder the appropriate number of shares
of Common Stock without restrictive legends (other than a legend referring to the resale registration and prospectus delivery requirements)
and not subject to stop transfer instructions.

 

(i)If this Subscription Agreement
is executed and delivered on behalf of a corporation or legal entity other than a natural person: (i) such corporation or other
entity has the full legal right and power and all authority and approval required (a) to execute and deliver, or authorize execution
and delivery of this Subscription Agreement and all other Transaction Documents executed and delivered by or on behalf of such
corporation in connection with the purchase of the Securities, and (b) to purchase and hold the Securities; and (ii) the signature
of the party signing on behalf of such corporation or entity is binding upon such corporation.

 

(j)The Holder is not subscribing
for the Securities as a result of, or pursuant to, any advertisement, article, notice or other communication published in any newspaper,
magazine or similar media or broadcast over television or radio or presented at any seminar or meeting, or any other general solicitation.

 

(k)The Holder
is purchasing the Securities for its own account for investment, and not with a view toward the resale or distribution thereof,
except pursuant to sales registered or exempted from registration under the Securities Act. The Holder has not offered or sold
any portion of the Securities being acquired nor does the Holder have any present intention of dividing the Securities with others
or of selling, distributing or otherwise disposing of any portion of the Securities either currently or after the passage of a
fixed or determinable period of time or upon the occurrence or non-occurrence of any predetermined event or circumstance in violation
of the Securities Act provided, however, that by making the representations herein, the Holder does not agree to hold any of the
Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance
with or pursuant to a registration statement or an exemption under the Securities Act. The Holder is neither an underwriter of,
nor a dealer in, the Debentures or the Common Stock issuable upon conversion or exercise, as the case may be, thereof or upon the
payment of interest thereon and is not participating in the distribution or resale of the Debentures or the Common Stock issuable
upon conversion or exercise, as the case may be, thereof. Notwithstanding anything in this Section to the contrary, the Holder
reserves the right to pledge any of the Securities for margin purposes and dispose of the Securities at any time in accordance
with federal and state securities laws applicable to such dispositions.

    	4

    	 

    

 

(l)The Holder or the Holder's
representatives, as the case may be, has such knowledge and experience in financial, tax and business matters so as to enable the
Holder to utilize the information made available to the Holder in connection with the Offering to evaluate the merits and risks
of an investment in the Securities and to make an informed investment decision with respect thereto.

 

 3. Representations And Warranties Of The Company.

 

Except as set forth in
the Schedules attached hereto, the Company hereby represents and warrants to, and agrees with the Holder, as follows:

 

a. Organization and Qualification.
The Company and its “Subsidiaries” (which for purposes of this Subscription Agreement means any entity in which
the Company, directly or indirectly, owns capital stock or holds an equity or similar interest) (a complete list of which is set
forth in Schedule 3(a)) are corporations duly organized and validly existing in good standing under the laws of the respective
jurisdictions of their incorporation, and have the requisite corporate power and authorization to own their properties and to carry
on their business as now being conducted. Both the Company and its Subsidiaries are duly qualified to do business and are in good
standing in every jurisdiction in which their ownership of property or the nature of the business conducted by them makes such
qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a Material
Adverse Effect. As used in this Subscription Agreement, the term “Material Adverse Effect” means any material
adverse effect on the business, properties, assets, operations, results of operations, financial condition or prospects of the
Company and its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements and instruments
to be entered into in connection herewith, or on the authority or ability of the Company to perform its obligations under the Transaction
Documents (as defined in Section 3.b hereof).

 

b. Authorization; Enforcement; Compliance
with Other Instruments. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations
under the Transaction Documents, and to issue the Securities in accordance with the terms hereof and thereof, (ii) the execution
and delivery of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and
thereby, including without limitation the reservation for issuance and the issuance of the Debentures pursuant to this Subscription
Agreement, have been duly and validly authorized by the Company's Board of Directors and no further consent or authorization is
required by the Company, its Board of Directors, or its shareholders, (iii) the Transaction Documents have been duly and validly
executed and delivered by the Company, and (iv) the Transaction Documents constitute the valid and binding obligations of the Company
enforceable against the Company in accordance with their terms, except as such enforceability may be limited by general principles
of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally, the enforcement of creditors' rights and remedies.

    	5

    	 

    

 

c. Capitalization. As of the
Closing Date, the Company’s authorized capital stock shall be 100,000,000 shares of Common Stock, of which, approximately
(45,236,314) shares shall be issued and outstanding. All of such outstanding shares have been, or upon issuance will be, validly
issued and are fully paid for and nonassessable. Except as disclosed in Schedule 3(c), which is attached hereto and made
a part hereof, (i) no shares of the Company's capital stock are subject to preemptive rights or any other similar rights or any
liens or encumbrances suffered or permitted by the Company, (ii) there are no outstanding debt securities, (iii) there are no outstanding
shares of capital stock, options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its Subsidiaries, or contracts,
commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to issue additional
shares of capital stock of the Company or any of its Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the
Company or any of its Subsidiaries, (iv) there are no agreements or arrangements under which the Company or any of its Subsidiaries,
is obligated to register the sale of any of their securities under the Securities Act (except the as otherwise set forth in the
Transaction Documents), (v) there are no outstanding securities of the Company or any of its Subsidiaries which contain any redemption
or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any of its
Subsidiaries is or may become bound to redeem a security of the Company or any of its Subsidiaries, (vi) there are no securities
or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Securities as described
in this Subscription Agreement, (vii) the Company does not have any stock appreciation rights or "phantom stock" plans
or agreements or any similar plan or agreement, and (viii) there is no dispute as to the class of any shares of the Company's capital
stock. The Company has furnished to the Holder, or the Holder has had access through EDGAR to, true and correct copies of the Company's
Articles of Incorporation, as in effect on the date hereof (the “Articles Of Incorporation”), and the Company's
Bylaws, as in effect on the date hereof (the “Bylaws”).

 

d.Issuance
of Debentures. Upon issuance in accordance with this Subscription Agreement, the Debentures will be validly issued, fully
paid for and nonassessable and free from all taxes, liens and charges with respect to the issue thereof. In the event the Company
cannot register a sufficient number of shares of Common Stock issuable upon conversion of the Debenture, due to the remaining number
of authorized shares of Common Stock being insufficient, the Company will use its best efforts to register the maximum number of
shares it can based on the remaining balance of authorized shares and will use its best efforts to increase the number of its authorized
shares as soon as reasonably practicable.

    	6

    	 

    

 

e. 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 will not (i) result in a violation of the Articles of Incorporation, any Certificate
of Designations, Preferences and Rights of any outstanding series of preferred stock of the Company or the Bylaws or (ii) conflict
with, or constitute a material default (or an event which with notice or lapse of time or both would become a material default)
under, or give to others any rights of termination, amendment, acceleration or cancellation of, any material agreement, contract,
indenture mortgage, indebtedness or instrument to which the Company or any of its Subsidiaries is a party, or result in a violation
of any law, rule, regulation, order, judgment or decree, including United States federal and state securities laws and regulations
and the rules and regulations of the principal securities exchange or trading market on which the Common Stock is traded or listed
(the “Principal Market”), applicable to the Company or any of its Subsidiaries or by which any property or
asset of the Company or any of its Subsidiaries is bound or affected. Except as disclosed in Schedule 3(e), neither the
Company nor its Subsidiaries is in violation of any term of, or in default under, the Articles of Incorporation, any Certificate
of Designations, Preferences and Rights of any outstanding series of preferred stock of the Company or the Bylaws or their organizational
charter or bylaws, respectively, or any contract, agreement, mortgage, indebtedness, indenture, instrument, judgment, decree or
order or any statute, rule or regulation applicable to the Company or its Subsidiaries, except for possible conflicts, defaults,
terminations, amendments, accelerations, cancellations and violations that would not individually or in the aggregate have a Material
Adverse Effect. The business of the Company and its Subsidiaries, is not being conducted, and shall not be conducted, in violation
of any law, statute, ordinance, rule, order or regulation of any governmental authority or agency, regulatory or self-regulatory
agency, or court, except for possible violations the sanctions for which either individually or in the aggregate would not have
a Material Adverse Effect. Except as specifically contemplated by this Subscription Agreement and as required under the Securities
Act, the Company is not required to obtain any consent, authorization, permit or order of, or make any filing or registration
(except the filing of a registration statement) with, any court, governmental authority or agency, regulatory or self-regulatory
agency or other third party in order for it to execute, deliver or perform any of its obligations under, or contemplated by, the
Transaction Documents in accordance with the terms hereof or thereof. All consents, authorizations, permits, orders, filings and
registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or
prior to the date hereof and are in full force and effect as of the date hereof. Except as disclosed in Schedule 3(e), the Company
and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing. The Company is not,
and will not be, in violation of the listing requirements of the Principal Market as in effect on the date hereof and on each
of the Closing Dates and is not aware of any facts which would reasonably lead to delisting of the Common Stock by the Principal
Market in the foreseeable future.

 

f.SEC Documents; Financial Statements.
Upon effectiveness of a registration statement covering the Company’s Common Stock, the Company shall file all reports, schedules,
forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities
and Exchange Act of 1934, as amended (“Exchange Act”) (all of the foregoing filed since the date hereof and
all exhibits included therein and financial statements and schedules thereto and documents incorporated by reference therein being
hereinafter referred to as the “SEC Documents”).

 

g. Absence
of Certain Changes. Except as disclosed in Schedule 3.g there has been no change or development in the business, properties,
assets, operations, financial condition, results of operations or prospects of the Company or its Subsidiaries which has had or
reasonably could have a Material Adverse Effect. The Company has not taken any steps, and does not currently expect to take any
steps, to seek protection pursuant to any bankruptcy law nor does the Company or its Subsidiaries have any knowledge or reason
to believe that its creditors intend to initiate involuntary bankruptcy proceedings.

 

h.Absence of Litigation. There
is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory
organization or body pending or, to the knowledge of the executive officers of Company or any of its Subsidiaries, threatened against
or affecting the Company, the Common Stock or any of the Company's Subsidiaries or any of the Company's or the Company's Subsidiaries'
officers or directors in their capacities as such, in which an adverse decision could have a Material Adverse Effect.

    	7

    	 

    

 

i. Acknowledgment
Regarding the Purchase of Debentures. The Company acknowledges and agrees that the Holder is acting solely in the
capacity of an arm's-length investor with respect to the Transaction Documents and the transactions contemplated hereby and
thereby. The Company further acknowledges that the Holder 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 Holder or any of its respective representatives or agents in connection with the Transaction
Documents and the transactions contemplated hereby and thereby is merely incidental to the Holder's purchase of the
Debentures. The Company further represents to the Holder 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.

 

j. Employee
Relations. Neither the Company nor any of its Subsidiaries is involved in any union labor dispute nor, to the knowledge of
the Company or any of its Subsidiaries, is any such dispute threatened. Neither the Company nor any of its Subsidiaries is a party
to a collective bargaining agreement, and the Company and its Subsidiaries believe that relations with their employees are good.
No executive officer (as defined in Rule 501(f) under the Securities Act) has notified the Company that such officer intends to
leave the Company's employ or otherwise terminate such officer's employment with the Company.

 

k. Intellectual
Property Rights. All patents, patent applications, trademark registrations and applications for trademark
registration held by the Company are owned free and clear of all mortgages, liens, charges or encumbrances whatsoever. No
licenses have been granted with respect to these items and the Company and its Subsidiaries do not have any knowledge of any
infringement by the Company or its Subsidiaries of trademark, trade name rights, patents, patent rights, copyrights,
inventions, licenses, service names, service marks, service mark registrations, trade secret or other similar rights of
others, and, except as set forth on Schedule 3.k., there is no claim, action or proceeding being made or brought
against, or to the Company's knowledge, being threatened against, the Company or its Subsidiaries regarding trademark, trade
name, patents, patent rights, invention, copyright, license, service names, service marks, service mark registrations, trade
secret or other infringement; and the Company and its Subsidiaries are unaware of any facts or circumstances which might give
rise to any of the foregoing. The Company and its Subsidiaries have taken reasonable security measures to protect the
secrecy, confidentiality and value of all of their intellectual property.

 

l.Environmental Laws. The Company
and its Subsidiaries (i) are in compliance with any and all applicable foreign, federal, state and local laws and regulations relating
to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants
(“Environmental Laws”), (ii) have received all permits, licenses or other approvals required of them under applicable
Environmental Laws to conduct their respective businesses, and (iii) are in compliance with all terms and conditions of any such
permit, license or approval where, in each of the three foregoing cases, the failure to so comply would have, individually or in
the aggregate, a Material Adverse Effect.

 

m. Title. The Company and its Subsidiaries
have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned
by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances
and defects except such as are described in Schedule 3.n. or such as do not materially affect the value of such property
and do not interfere with the use made and proposed to be made of such property by the Company or any of its Subsidiaries. Any
real property and facilities held under lease by the Company or any of its Subsidiaries are held by them under valid, subsisting
and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made
of such property and buildings by the Company and its Subsidiaries.

    	8

    	 

    

 

n. Insurance.
The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses
and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which
the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has been refused any insurance
coverage sought or applied for and neither the Company nor any such Subsidiary has any reason to believe that it will not be
able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar
insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect.

 

o. Regulatory Permits. The Company
and its Subsidiaries have in full force and effect all certificates, approvals, authorizations and permits from the appropriate
federal, state, local or foreign regulatory authorities and comparable foreign regulatory agencies, necessary to own, lease or
operate their respective properties and assets and conduct their respective businesses, and neither the Company nor any such Subsidiary
has received any notice of proceedings relating to the revocation or modification of any such certificate, approval, authorization
or permit, except for such certificates, approvals, authorizations or permits which if not obtained, or such revocations or modifications
which, would not have a Material Adverse Effect.

 

p. Internal
Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls
sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or
specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in
conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is
permitted only in accordance with management's general or specific authorization, and (iv) the recorded accountability for
assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any
differences.

 

q. No Materially Adverse Contracts.
Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment,
decree, order, rule or regulation which in the judgment of the Company's officers has or is expected in the future to have a Material
Adverse Effect. Neither the Company nor any of its Subsidiaries is a party to any contract or agreement which in the judgment
of the Company's officers has or is expected to have a Material Adverse Effect.

 

r.Tax Status. The Company has
filed all applicable federal and state income tax, payroll tax, and sales tax returns, as required and the Company and each of
its Subsidiaries has made or filed all United States federal and state income and all other tax returns, reports and declarations
required by any jurisdiction to which it is subject. The Company represents that there are no unpaid taxes in any material amount
claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.

 

s.Certain Transactions. Except
for arm's-length transactions pursuant to which the Company makes payments in the ordinary course of business upon terms no less
favorable than the Company could obtain from third parties and other than the grant of stock options disclosed on Schedule 3.c.
none of the officers, directors, or employees of the Company is presently a party to any transaction with the Company or any of
its Subsidiaries (other than for services as employees, officers and directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring
payments to or from any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership, trust
or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee
or partner.

 

    	9

    	 

    

t.Dilutive Effect. The Company
understands and acknowledges that the number of shares of Common Stock issuable upon conversion of the Debentures purchased pursuant
to this Subscription Agreement will increase the issued and outstanding shares of Common Stock in the Company. The Company’s
executive officers and directors have studied and fully understand the nature of the transactions contemplated by this Subscription
Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded, in its
good faith business judgment that such issuance is in the best interests of the Company. The Company specifically acknowledges,
subject to such limitations as are expressly set forth in the Transaction Documents, its obligation to issue shares of Common Stock
upon conversion of the Debentures.

 

u. Additional
Financings. The Company shall not, directly nor indirectly, without the prior written consent of the Holder, offer, sell,
grant any option to purchase, or otherwise dispose of (or announce any offer, sale, grant or any option to purchase or other
disposition) any of its Common Stock or any derivative securities convertible into Common Stock, or file any registration
statement, including those on Form S-8, for any securities, until the sooner of; (i) the date on which the full Face Amount
and penalties, if any, on the Debentures have been paid, or (ii) two years following the Closing Date. Notwithstanding this
section, the Company may conduct additional financings upon written consent of the Holder.

 

If there is any outstanding
balance on the Debentures, the Holder shall retain a first right of refusal for any additional financings. The Company must submit
to the Holder a duly authorized term sheet of the financing and the Holder may elect, in writing within five (5) business days,
to exercise its right to finance the Company upon the same terms and conditions, as set forth in the Debenture. In the event the
Holder does not elect to complete such financing within such period, the Company may proceed with the proposed third-party financing
on the same terms and conditions as contained in the notice to Holder.

 

v. Code of Ethics.
The Company has adopted a Code of Ethics and will file the Code with the SEC, if required.

 

w. No Disagreements
with Accountants, Auditors and Lawyers. There are no disagreements of any kind presently existing, or reasonably anticipated
by the Company to arise, between the Company and the accountants, auditors and lawyers formerly or presently used by the Company,
including but not limited to disputes or conflicts over payment owed to such accountants, auditors or lawyers.

 

x. Investment Company.
Neither the Company nor any Affiliate is an “investment company” within the meaning of the Investment Company Act of
1940, as amended.

 

y. Company Predecessor.
All representations made by or relating to the Company of a historical nature and all undertaking described herein shall relate
and refer to the Company, its predecessors, and the Subsidiaries.

 

z. Option Plan Restrictions.
The only officer, director, employee and consultant stock option or stock incentive plan currently in effect or contemplated by
the Company has been submitted to the Holder. No other plan will be adopted nor may any options or equity not included in such
plan be issued until after the Debenture is paid in full.

 

 4. Covenants Of The Company.

 

a. Best
Efforts. The Company shall use its best efforts timely to satisfy each of the conditions to be satisfied by it as provided
in this Subscription Agreement.

 

b. Blue Sky.
The Company shall, at its sole cost and expense, make all filings and reports relating to the offer and sale of the Debentures
and the Common Stock underlying the Debentures as required under the applicable securities or “Blue Sky” laws of such
states of the United States as specified by the Holder or as required by law.

 

c. Reporting Status. Until the
earlier of (i) the date that the Holder may sell all of the Common Stock underlying the Debentures acquired pursuant to this Subscription
Agreement without restriction pursuant to Rule 144(k) under the Securities Act, or (ii) the date on which the Holder shall have
sold all the Common Stock underlying the Debentures, the Company shall file all reports required to be filed with the SEC pursuant
to the Exchange Act, and the Company shall not terminate its status as a reporting company under the Exchange Act.

    	10

    	 

    

 

d.Use of Proceeds. The Company
shall apply proceeds from the Offering (“Proceeds”), of no less than two hundred and twenty-five thousand dollars ($220,000),
to pay for expenses related to servicing and maintaining its publicly-traded status. Such expenses shall include, but are not limited
for, (i) qualified securities legal counsel, (ii) a Public Company Accounting Oversight Board (“PCAOB”) registered
auditor, (iii) stock transfer agent, (iv) press release distribution, (v) investor relations, (vi) Depository Trust and Transfer
Corporation, (vii) Edgar/XBRL filings. Prior to Closing, the Company shall also retain a qualified chief financial officer. The
balance of the Proceeds shall be used for the Company’s operations and general corporate purposes. Any other use of Proceeds
contemplated herein, shall be considered a breach of contract and an Event of Default.

 

e.Conditions to Closing. The
Company shall execute and remain in compliance with the Transaction Documents with the Holder.

 

f.Financial Information. The
Company shall make available to Holder, its most recent financial statements and related information, and must complete an SEC
compliant financial audit performed by a PCAOB registered auditor, by the Closing Date.

 

g.Reservation of Common Stock.
Subject to the following sentence, the Company shall take all action necessary to at all times have authorized, and reserved for
the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Common Stock underlying
the Debentures. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common
Stock to reserve and keep available for issuance, the Company shall use its best efforts to increase the number of authorized shares
of Common Stock by seeking shareholder approval for the authorization of such additional shares. 

 

h.Listing.
The Company shall maintain the Common Stock's authorization for quotation on the Principal Market, unless the Holder and the Company
agree otherwise. Neither the Company nor any of its Subsidiaries shall take any action which would be reasonably expected to result
in the delisting or suspension of the Common Stock on the Principal Market (excluding suspensions of not more than one trading
day resulting from business announcements by the Company). The Company shall promptly provide to the Holder copies of any notices
it receives from the Principal Market regarding the continued eligibility of the Common Stock for listing on such automated quotation
system or securities exchange. The Company shall pay all fees and expenses in connection with satisfying its obligations under
this Section.

 

i. Corporate Existence. The
Company shall use its commercially reasonable best efforts to preserve and continue the corporate existence of the
Company.

 

j.Notice of Certain Events Affecting
Registration. The Company shall promptly notify Holder upon the occurrence of any of the following events in respect of a registration
statement or related prospectus covering the Common Stock underlying the Debentures: (i) receipt of any request for additional
information by the SEC or any other federal or state governmental authority during the period of effectiveness of the registration
statement for amendments or supplements to the registration statement or related prospectus; (ii) the issuance by the SEC or any
other federal or state governmental authority of any stop order suspending the effectiveness of any registration statement or the
initiation of any proceedings for that purpose; (iii) receipt of any notification with respect to the suspension of the qualification
or exemption from qualification of any of the Common Stock underlying the Debentures for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose; (iv) the happening of any event that makes any statement made in such registration
statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material
respect or that requires the making of any changes in the registration statement, related prospectus or documents so that, in the
case of a registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the related prospectus,
it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (v)
the Company's reasonable determination that a post-effective amendment to the registration statement would be appropriate, and
the Company shall promptly make available to the Holder any such supplement or amendment to the related prospectus.

    	11

    	 

    

k.Indemnification. In consideration
of the Holder’s execution and delivery of this Agreement and the Debenture Registration Rights Agreement and acquiring the
Debentures hereunder and in addition to all of the Company's other obligations under the Transaction Documents, the Company shall
defend, protect, indemnify and hold harmless the Holder and all of its shareholders, officers, directors, employees and direct
or indirect investors and any of the foregoing person's agents or other representatives (including, without limitation, those retained
in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and
against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses
in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder
is sought), and including reasonable attorneys' fees and disbursements (the “Indemnified Liabilities”), incurred
by any Indemnitee as a result of, or arising out of, or relating to (i) any misrepresentation or breach of any representation or
warranty made by the Company in the Transaction Documents or any other certificate, instrument or document contemplated hereby
or thereby, (ii) any breach of any covenant, agreement or obligation of the Company contained in the Transaction Documents or any
other certificate, instrument or document contemplated hereby or thereby, (iii) any cause of action, suit or claim brought or made
against such Indemnitee by a third party and arising out of or resulting from the execution, delivery, performance or enforcement
of the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (iv) any transaction
financed or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance of the Debentures, (v)
the status of the Holder as an investor in the Company, except, in the case of any of such clauses, insofar as any such Indemnified
Liability was attributable to gross negligence, willful misconduct or any illegal activity on the part of Holder and, in the case
of clause, (v) only, insofar as any such Indemnified Liability was attributable to an untrue statement, alleged untrue statement,
omission or alleged omission made in reliance upon and in conformity with written information furnished to the Company by the Holder
which is specifically intended by the Holder for use in the preparation of any Registration Statement, preliminary prospectus or
prospectus. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under
applicable law. The indemnity provisions contained herein shall be in addition to any cause of action or similar rights the Holder
may have, and any liabilities to which the Holder may be subject. The Company shall have the right to control the defense of any
such claim and the Holder shall not consent to any settlement of any such claim without the prior written consent of the Company
(which shall not be unreasonably withheld or delayed). The Holder shall provide indemnification comparable in scope and coverage
to the Company and corresponding related persons in respect of any Indemnified Liability if and to the extent attributable to gross
negligence, willful misconduct or any illegal activity on the part of the Holder, and shall be obligated to reimburse the Company
and such persons to the same extent as the Company’s reimbursement obligations under Section 4.m. hereof.

 

l.Reimbursement. If (i) the
Holder, other than by reason of its gross negligence or willful misconduct, becomes involved in any capacity in any action, proceeding
or investigation brought by any shareholder of the Company, in connection with or as a result of the consummation of the transactions
contemplated by the Transaction Documents, or if the Holder is impleaded in any such action, proceeding or investigation by any
person, or (ii) the Holder, other than by reason of its gross negligence or willful misconduct or by reason of its trading of the
Common Stock in a manner that is illegal under the federal securities laws, becomes involved in any capacity in any action, proceeding
or investigation brought by the SEC against or involving the Company or in connection with or as a result of the consummation of
the transactions contemplated by the Transaction Documents, or if the Holder is impleaded in any such action, proceeding or investigation
by any person, then in any such case, the Company will reimburse the Holder for its reasonable legal and other expenses (including
the cost of any investigation and preparation) incurred in connection therewith, as such expenses are incurred. In addition, other
than with respect to any matter in which the Holder is a named party, the Company will pay to the Holder the charges, as reasonably
determined by the Holder, for the time of any officers or employees of the Holder devoted to appearing and preparing to appear
as witnesses, assisting in preparation for hearings, trials or pretrial matters, or otherwise with respect to inquiries, hearing,
trials, and other proceedings relating to the subject matter of this Subscription Agreement. The reimbursement obligations of the
Company under this Section shall be in addition to any liability which the Company may otherwise have, shall extend upon the same
terms and conditions to any affiliates of Holder that are actually named in such action, proceeding or investigation, and partners,
directors, agents, employees, attorneys, accountants, auditors and controlling persons (if any), as the case may be, of Holder
and any such affiliate, and shall be binding upon and inure to the benefit of any successors of the Company, Holder and any such
affiliate and any such person.

    	12

    	 

    

 

m. Transfer Agent. Upon choosing
a transfer agent, the Company covenants and agrees that, in the event that the Company's agency relationship with the transfer
agent should be terminated for any reason prior to the Maturity Date (as defined in the Form of Debenture), and the Company shall
immediately appoint a new transfer agent. The Company shall be current with all payments to the transfer agent.

 

5.144 Opinion Letter

 

If so requested by the
Holder, the Company shall instruct legal counsel to write a Rule 144 opinion letter, provided the necessary paperwork has been
submitted and the Exemption applies (as defined herein).

 

6.Delivery Instructions; Fees.

 

The Securities being purchased
hereunder shall be delivered to the Holder on the Closing Date at which time funds will be wired to the Company and the Debentures
will be delivered to the Holder, per the Holder’s instructions.

 

7.Understandings.

 

The Holder understands,
acknowledges and agrees as follows:

 

a.No U.S. federal or state agency or
any agency of any other jurisdiction has made any finding or determination as to the fairness of the terms of the Offering for
investment nor any recommendation or endorsement of the Securities or the Company.

 

b.The representations, warranties and
agreements of the Holder and the Company contained herein shall be true and correct in all material respects on and as of the date
of the sale of the Securities as if made on and as of such date and shall survive the execution and delivery of this Subscription
Agreement and the purchase of the Securities.

 

c.In making an investment decision,
the Holder is relying on its own examination of the Company and the terms of the Offering, including the merits and risks involved.
The Common Stock shares have not been recommended by any federal or state securities commission or regulatory authority. Furthermore,
the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. Any representation to the
contrary is a criminal offense.

 

d.The Offering is intended to be exempt
from registration by virtue of Section 4(a)(2) of the Securities Act and the provisions of Regulation D thereunder, which is in
part dependent upon the truth, completeness and accuracy of the statements made by the undersigned herein and in the Questionnaire.

 

e.It is understood that in order not
to jeopardize the Offering’s exempt status under Section 4(a)(2) of the Securities Act and Regulation D, the Holder may,
at a minimum, be required to fulfill the investor suitability requirements thereunder.

 

f.The shares may not be resold except
as permitted under the securities act and applicable state securities laws, pursuant to registration or exemption therefrom. Holder
should be aware that they will be required to bear the financial risks of this investment for an indefinite period of time.

 

g.THE COMPANY’S SECURITIES,
INCLUDING ITS COMMON STOCK, ARE ILLIQUID. THERE IS CURRENTLY NO MARKET FOR THE COMPANY’S COMMON STOCK AND THERE CAN BE NO
ASSURANCE THAT A MARKET WILL EVER DEVELOP. AN INVESTMENT IN THE COMPANY INVOLVES SUBSTANTIAL RISK. 

 

    	13

    	 

    

 

 8. Disputes Subject To Arbitration Governed By Massachusetts Law.

 

a. All disputes arising under this
Subscription Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without
regard to principles of conflict of laws. The parties to this Subscription Agreement shall submit all disputes arising under this
Subscription Agreement to arbitration in Boston, Massachusetts before a single arbitrator of the American Arbitration Association
(the “AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement
of the parties, except that such arbitrator shall be an attorney admitted to practice law in the Commonwealth of Massachusetts.
No party to this Subscription Agreement shall challenge the jurisdiction or venue provisions as provided in this Section 8.
Nothing in this Section 8 shall limit the Holder's right to seek and obtain an injunction for violation of the terms and
conditions of this Subscription Agreement.

 

9.Miscellaneous.

 

a.Any notices, consents, waivers or
other communications required or permitted to be given under the terms of this Subscription Agreement must be in writing and will
be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided
a confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one
(1) day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to
receive the same. The addresses and facsimile numbers for such communications shall be:

 

		If to the Company	Brazilian Interactive Media, Inc	 
	 	 		 
	 	 	Thompson Hine LLP	 
	 	 	Attn: Peter Gennuso	 
	 	 	335 Madison Avenue, 12th Floor	 
	 	 	New York, NY 10017	 

 

If
to the Holder: The address listed on the Questionnaire 

 

Each party shall provide
five (5) business days prior notice to the other party of any change in address, phone number or facsimile number.

 

b.All pronouns and any variations thereof
used herein shall be deemed to refer to the masculine, feminine, impersonal, singular or plural, as the identity of the person
or persons may require.

 

c.Neither this Subscription Agreement
nor any provision hereof shall be waived, modified, changed, discharged, terminated, revoked or canceled, except by an instrument
in writing signed by the party effecting the same against whom any change, discharge or termination is sought.

 

d.Notices required or permitted to
be given hereunder shall be in writing and shall be deemed to be sufficiently given when personally delivered or sent by facsimile
transmission: (i) if to the Company, at its executive offices, or (ii) if to the Holder, at the address for correspondence set
forth in the Questionnaire, or at such other address as may have been specified by written notice given in accordance with this
paragraph.

 

e.This Subscription Agreement shall
be enforced, governed and construed in all respects in accordance with the laws of the Commonwealth of Massachusetts, as such laws
are applied by Massachusetts courts to agreements entered into, and to be performed in, Massachusetts by and between residents
of Massachusetts, and shall be binding upon the undersigned, the undersigned's heirs, estate and legal representatives and shall
inure to the benefit of the Company and its successors. If any provision of this Subscription Agreement is invalid or unenforceable
under any applicable statue or rule of law, then such provisions shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof that may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.

    	14

    	 

    

 

f.This Subscription Agreement shall
not be assignable.

 

g.This Subscription Agreement, together
with the Exhibits and the Schedules attached hereto and made a part of this Subscription Agreement by this reference, constitute
the entire agreement between the parties hereto with respect to the subject matter hereof and may be amended only by a writing
executed by both parties hereto.

 

h.This Subscription
Agreement may be executed in two or more counterparts, all of which taken together shall constitute one instrument. Execution and
delivery of this Subscription Agreement by exchange of facsimile copies bearing the facsimile signature of a party shall constitute
a valid and binding execution and delivery of this Subscription Agreement by such party. Such facsimile copies shall constitute
enforceable original documents.

 

i. When in this Agreement or the Transaction
Documents, reference is made to any party, such reference shall be deemed to include the successors, assigns, heirs and legal representatives
of such party. No party hereto may transfer any rights under this Agreement or the Transaction Documents, unless the transferee
agrees to be bound by, and comply with all of the terms and provision of this Agreement and the Transaction Documents, as if an
original signatory hereto on the date hereof.

 

j.The Company hereby represent and
warrants to the Holder that: (i) it has voluntarily entered into this Subscription Agreement of its own freewill, (ii) it is not
entering into this Subscription Agreement under economic duress, (iii) the terms of this Subscription Agreement are reasonable
and fair to the Company, and (iv) the Company has had independent legal counsel of its own choosing review this Subscription Agreement,
advise the Company with respect to this Subscription Agreement, and represent the Company in connection with its entering into
this Subscription Agreement.

 

k.Notwithstanding anything in this
Agreement to the contrary, the parties hereto hereby acknowledge and agree to the following: (i) the Holder makes no representations
or covenants that it will not engage in trading in the securities of the Company; (ii) the Company has not and shall not provide
material non-public information to the Holder unless prior thereto the Holder shall have executed a written agreement regarding
the confidentiality and use of such information; and (iii) the Company understands and confirms that the Holder will be relying
on the acknowledgements set forth in clauses (i) through (iii) above if the Holder effects any transactions in the securities of
the Company.

 

10.Waiver.

 

The Holder's delay or failure
at any time or times hereafter to require strict performance by Company of any undertakings, agreements or covenants shall not
waive, affect, or diminish any right of the Holder under this Agreement to demand strict compliance and performance herewith. Any
waiver by the Holder of any Event of Default shall not waive or affect any other Event of Default, whether such Event of Default
is prior or subsequent thereto and whether of the same or a different type. None of the undertakings, agreements and covenants
of the Company contained in this Agreement, and no Event of Default, shall be deemed to have been waived by the Holder, nor may
this Agreement be amended, changed or modified, unless such waiver, amendment, change or modification is evidenced by an instrument
in writing specifying such waiver, amendment, change or modification and signed by the Holder.

 

    	15

    	 

    

11.Governmental Changes.

 

In the event that any rules,
regulations, oral or written interpretations or Comments (as defined in the Registration Rights Agreement) from the SEC, FINRA,
NYSE, NASDAQ or other governing or regulatory body, prohibit or hinder any operation of this Subscription Agreement
or the other Transaction Documents, the parties hereto hereby agree that those specific terms and conditions shall be negotiated
in good faith on similar terms within five (5) business days, and shall not alter, diminish or affect any other rights, duties,
obligations or covenants in Transaction Documents and that all terms and conditions will remain in full force and effect except
as is necessary to make those specific terms and conditions comply with applicable rule, regulation, interpretation or Comment.
Failure for the Company to agree to on such new terms as necessary to achieve the intent of the original documents shall constitute
and Event of Default as outlined in Article 6 in the Debenture and accordingly the Holder may elect to take actions as outlined
in the Debenture and the other Transaction Documents.

 

12.No Oral Agreements.

 

This Subscription Agreement
and the other Transaction Documents represent the final definitive agreements between the Company and the Holder and may not be
contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties; there are no unwritten oral agreements
among the parties.

 

 

[BALANCE OF PAGE INTENTIONALLY
LEFT BLANK)

 

    	16

    	 

    

BRAZIL INTERACTIVE MEDIA , INC.

 

INVESTOR QUESTIONNAIRE

 

 

The information contained
in this Investor Questionnaire (this “Questionnaire”) is being furnished in order to determine whether the undersigned’s
subscription to purchase the Debentures described in the accompanying Subscription Agreement may be accepted.

 

ALL INFORMATION CONTAINED
IN THIS QUESTIONNAIRE WILL BE TREATED CONFIDENTIALLY. The undersigned understands, however, that the Company may present this Questionnaire
to such parties as it deems appropriate if called upon to establish that the proposed offer and sale of the securities is exempt
from registration under the Securities Act of 1933, as amended (the “Securities Act”). Further, the undersigned
understands that the offering is required to be reported to the United States Securities and Exchange Commission (the “SEC”
or the “Commission”), and to various state securities and “blue sky” regulators.

 

IN ADDITION TO SIGNING
THE SIGNATURE PAGE, IF REQUESTED BY BRAZIL INTERACTIVE MEDIA , INC., A DELAWARE CORPORATION (THE “COMPANY”),
THE UNDERSIGNED MUST COMPLETE FORM W-9.

 

 

I.PLEASE CHECK EACH OF THE STATEMENTS BELOW
THAT APPLIES.

 

	[_]		1.The undersigned: (a)
has total assets in excess of $5,000,000; (b) was not formed for the specific purpose of acquiring the securities; and (c) has
its principal place of business in ___________.

 

	[_]		2.The undersigned is
a natural person whose individual net worth*, or joint net worth with that person's spouse, at the time of purchase exceeds $1,000,000
(excluding the value of the person’s primary residence).

 

	[_]		3.The undersigned is
a natural person who had an individual income* in excess of $200,000 in each of the two most recent years and who reasonably expects
an individual income in excess of $200,000 in the current year. Such income is solely that of the undersigned and excludes the
income of the undersigned’s spouse.

 

	[_]		4.The undersigned is
a natural person who, together with his or her spouse, has had a joint income* in excess of $300,000 in each of the two most recent
years and who reasonably expects a joint income in excess of $300,000 in the current year.

 

*For purposes of this Questionnaire, the
term “net worth” means the excess of total assets over total liabilities (not including the value of any equity
in my primary residence and subtracting the amount of any mortgage indebtedness exceeding the value of my primary residence)..
In determining “income”, an investor should add to his or her adjusted gross income any amounts attributable
to tax-exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depletion,
contributions to IRA or Keogh retirement plan, alimony payments and any amount by which income from long-term capital gains has
been reduced in arriving at adjusted gross income.

 

    	17

    	 

    

5.The undersigned is an entity that
is:

 

	[_]		(a)a bank as defined
in Section 3(a)(2) of the Securities Act; or

 

	[_]		(b)a savings and loan
association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary
capacity; or

 

	[_]		(c)a broker or dealer
registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
or

 

	[_]		(d)an insurance company
as defined in Section 2(13) of the Securities Act; or

 

	[_]		(e)an investment company
registered under the Investment Company Act of 1940 (the “ICA”), as amended, or a business development company
as defined in Section 2(a)(48) of the ICA; or

 

	[_]		(f)a small business investment
company licensed by the U.S. Small Business Administration under Section 301 (c) or (d) of the Small Business Investment Act of
1958; or

 

	[_]		6.The undersigned is
an entity in which all of the equity owners are accredited investors.

    	18

    	 

    

 

		II.	HOLDER INFORMATION.

 

Name of Entity:  ________________

 

Person’s Name:  ___________________

 

  State of Organization/Residence:  _____________

 

  Address: _____________

 

  City, State, Zip Code:  ______________

 

  Taxpayer Identification Number: ______________

 

  Phone: ___________________

 

Email :  ___________________

 

Send Correspondence
to: Same as above

    	19

    	 

    

BRAZIL INTERACTIVE MEDIA , INC.

 

SIGNATURE PAGE

 

Your signature on this
Signature Page evidences your agreement to be bound by the accompanying Questionnaire and the Transaction Documents (as such term
is defined in the accompanying Subscription Agreement).

 

1.The undersigned hereby represents
that (a) the information contained in the Questionnaire is complete and accurate and (b) the undersigned will notify the Company
immediately if any material change in any of the information occurs prior to the acceptance of the undersigned’s subscription
and will promptly send the Company written confirmation of such change.

 

2.The undersigned signatory hereby
certifies that he/she has read and understands the Transaction Documents, including the Subscription Agreement and Questionnaire,
and the representations made by the undersigned in said documents are true and accurate.

 

 

__________________________________________

Amount of Debentures being purchased Date

 

 

 

Holder

 

 

By: _________________________ 

 

Name: _____________________

 

Title: _______________________

 

 

 

 

 

 

 

 

 

    	20

    	 

    

 

 

 

 

BRAZIL INTERACTIVE MEDIA , INC.

 

COMPANY ACCEPTANCE PAGE

 

 

This Subscription Agreement
accepted and agreed to this 24th day of April, 2014, by Brazil Interactive Media , Inc. and duly authorized to sign on behalf of
the Company.

 

Brazil
Interactive Media , Inc. 

 

 

By__________________

Name:Corey Hollister

Title: Chairman

 

 

 

 

    	21

    	 

    

 

 

LIST OF EXHIBITS

 

 

EXHIBIT ARegistration
Rights Agreement

EXHIBIT BNotice
of Conversion

EXHIBIT CForm
of Debenture

EXHIBIT DBoard
Resolution 

 

 

LIST OF SCHEDULES

 

Schedule 3.a Subsidiaries

Schedule 3.c. Capitalization

Schedule 3.e. Conflicts

Schedule 3.g. Material Changes

Schedule 3.h. Litigation

Schedule 3.l. Intellectual Property

Schedule 3.n. Liens

 

 

 

 

 

    	22

    	 

    

  

 

EXHIBIT A

 

REGISTRATION RIGHTS AGREEMENT

 

 

 

 

 

 

 

 

 

    	23

    	 

    

 

EXHIBIT B

 

NOTICE OF CONVERSION

 

TO: BRAZIL INTERACTIVE MEDIA , INC.

 

The undersigned hereby
irrevocably elects, as of ________________, to convert $________________ of its convertible debenture (the “Debenture”)
into Common Stock of Brazil Interactive Media , Inc. (the “Company”) according to the conditions set forth in
the Debenture issued by the Company.

 

Date of Conversion: ________________________________________________

 

 

Applicable Conversion Price: ________________________________________

 

 

Number of Shares Issuable upon this Conversion:
_______________________

 

 

Name(Print): ________________________________________________

 

Address: ________________________________________________

 

Phone:________________________________________________

 

 

 

HOLDER

 

By:____________________________________

Name:

 

**DO NOT SIGN UNTIL YOU ARE READY TO CONVERT**

EXHIBIT C

 

FORM OF DEBENTURE 

 

 

 

 

 

 

 

 

 

 

    	24

    	 

    

 

EXHIBIT D

 

BOARD RESOLUTION

 

 

 

 

 

 

 

    	25

    	 

    

 

SCHEDULE
3.a.

 

SUBSIDIARIES

 

 

	 	Name	 	State of Incorporation 	 	EIN	 
	 	 	 	 	 	 	 

 

 

 

 

 

 

 

    	26

    	 

    

 

 

SCHEDULE
3.c.

 

CAPITALIZATION

 

 

 

 

 

 

 

    	27

    	 

    

 

 

SCHEDULE
3.e.

 

CONFLICTS

 

 

 

 

 

 

 

    	28

    	 

    

 

 

SCHEDULE
3.g.

 

MATERIAL
CHANGES

 

 

 

 

 

 

 

 

    	29

    	 

    

 

 

SCHEDULE
3.h.

 

LITIGATION

 

 

 

 

 

 

    	30

    	 

    

 

 

 

SCHEDULE
3.l.

 

INTELLECTUAL
PROPERTY

 

 

 

 

 

 

 

 

    	31

    	 

    

 

 

SCHEDULE
3.n.

 

LIENS

 

 

 

 

 

    	32

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