Document:

Exhibit
10.60

 

PROMISSORY
NOTE

 

	Effective
    Date: February 22, 2022	U.S.
    $3,000,000.00

 

FOR
VALUE RECEIVED, HUMBL, Inc., a Delaware corporation (“Borrower”), promises
to pay to Sartorii, LLC, a Delaware limited liability company, or its successors or assigns
(“Lender”), $3,000,000.00 and any interest, fees, charges, and late fees accrued hereunder on the date that is thirty-six
(36) months after the Purchase Price Date (the “Maturity Date”) in accordance with the terms set forth herein and
to pay interest on the Outstanding Balance at the rate of four percent (4%) per annum simple interest from the Purchase Price Date until
the same is paid in full. This Promissory Note (this “Note”) is issued and made effective as of February 22, 2022
(the “Effective Date”). This Note is issued pursuant to that certain Note Purchase Agreement dated February 22, 2022,
as the same may be amended from time to time, by and between Borrower and Lender (the “Purchase Agreement”). Certain
capitalized terms used herein are defined in Attachment 1 attached hereto and incorporated herein by this reference.

 

Payment;
Prepayment.

 

Payment.
All payments owing hereunder shall be in lawful money of the United States of America, as provided for herein, and delivered to Lender
at the address or bank account furnished to Borrower for that purpose. All payments shall be applied first to (a) costs of collection,
if any, then to (b) fees and charges, if any, then to (c) accrued and unpaid interest, and thereafter, to (d) principal.

 

Prepayment.
Notwithstanding the foregoing, Borrower shall have the right to prepay all or any portion of the Outstanding Balance before it is due
without penalty.

 

Security.
This Note is unsecured.

 

Defaults
and Remedies.

 

Defaults.
The following are events of default under this Note (each, an “Event of Default”): 3. Borrower fails to pay any principal,
interest, fees, charges, or any other amount when due and payable hereunder; 4. a receiver, trustee or other similar official shall be
appointed over Borrower or a material part of its assets and such appointment shall remain uncontested for twenty (20) days or shall
not be dismissed or discharged within sixty (60) days; 5. Borrower becomes insolvent or generally fails to pay, or admits in writing
its inability to pay, its debts as they become due, subject to applicable grace periods, if any; 6. Borrower makes a general assignment
for the benefit of creditors; 7. Borrower files a petition for relief under any bankruptcy, insolvency or similar law (domestic or foreign);
8. an involuntary bankruptcy proceeding is commenced or filed against Borrower; 9. any representation, warranty or other statement made
or furnished by Borrower to Lender herein, in any Transaction Document, is false, incorrect, incomplete or misleading in any material
respect when made or furnished; 10. the occurrence of a Fundamental Transaction without Lender’s prior written consent; 11. any
money judgment, writ or similar process is entered or filed against Borrower or any subsidiary of Borrower or any of its property or
other assets for more than $1,000,000.00, and shall remain unvacated, unbonded or unstayed for a period of twenty (20) calendar days
unless otherwise consented to by Lender; or 12. Borrower fails to observe or perform any covenant set forth in any Transaction Document.

 

    	 

     

    

 

Remedies.
At any time and from time to time after Lender becomes aware of the occurrence of any Event of Default (so long as such Event of Default
has not been cured by Borrower), Lender may accelerate this Note by written notice to Borrower, with the Outstanding Balance becoming
immediately due and payable. Notwithstanding the foregoing, upon the occurrence of any Event of Default described in clauses (b), (c),
(d), (e) or (f) of Section 3.1, the Outstanding Balance as of the date of acceleration shall become immediately and automatically due
and payable, without any written notice required by Lender. At any time following the occurrence of any Event of Default, upon written
notice given by Lender to Borrower, interest shall accrue on the Outstanding Balance beginning on the date the applicable Event of Default
occurred at an interest rate equal to the lesser of eight (8%) per annum or the maximum rate permitted under applicable law (“Default
Interest”). In connection with acceleration described herein, Lender need not provide, and Borrower hereby waives, any presentment,
demand, protest or other notice of any kind, and Lender may immediately and without expiration of any grace period enforce any and all
of its rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may be rescinded
and annulled by Lender at any time prior to payment hereunder and Lender shall have all rights as a holder of the Note until such time,
if any, as Lender receives full payment pursuant to this Section 3.2. No such rescission or annulment shall affect any subsequent Event
of Default or impair any right consequent thereon.

 

Unconditional
Obligation; No Offset. Borrower acknowledges that this Note is an unconditional, valid, binding and enforceable obligation of Borrower
not subject to offset, deduction or counterclaim of any kind. Borrower hereby waives any rights of offset it now has or may have hereafter
against Lender, its successors and assigns, and agrees to make the payments called for herein in accordance with the terms of this Note.

 

Waiver.
No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party granting the waiver.
No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision or consent to any other
prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to
provide a waiver or consent in the future except to the extent specifically set forth in writing.

 

Governing
Law; Venue. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity,
interpretation and performance of this Note shall be governed by, the internal laws of the State of Delaware, without giving effect to
any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Delaware. The provisions set forth in the Purchase Agreement
to determine the proper venue for any disputes are incorporated herein by this reference.

 

Cancellation.
After repayment of the entire Outstanding Balance, this Note shall be deemed paid in full, shall automatically be deemed canceled, and
shall not be reissued.

 

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Amendments.
The prior written consent of both parties hereto shall be required for any change or amendment to this Note.

 

Assignments.
Borrower may not assign this Note without the prior written consent of Lender. This Note may be offered, sold, assigned or transferred
by Lender without the consent of Borrower.

 

Notices.
Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with
the subsection of the Purchase Agreement titled “Notices.”

 

Liquidated
Damages. Lender and Borrower agree that in the event Borrower fails to comply with any of the terms or provisions of this Note, Lender’s
damages would be uncertain and difficult (if not impossible) to accurately estimate because of the parties’ inability to predict
future interest rates, future share prices, future trading volumes and other relevant factors. Accordingly, Lender and Borrower agree
that any fees, balance adjustments, Default Interest or other charges assessed under this Note are not penalties but instead are intended
by the parties to be, and shall be deemed, liquidated damages.

 

Severability.
If any part of this Note is construed to be in violation of any law, such part shall be modified to achieve the objective of Borrower
and Lender to the fullest extent permitted by law and the balance of this Note shall remain in full force and effect.

 

[Remainder
of page intentionally left blank; signature page follows]

 

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IN
WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the Effective Date.

 

	 	 	 	BORROWER:
	 	 	 	 
	 	 	 	HUMBL,
    Inc.
	 	 	 	 	 
	 	 	 	By:
    	
	 	 	 	 	Jeffrey
    Hinshaw, CFO
	 	 	 	 	 
	ACKNOWLEDGED,
    ACCEPTED AND AGREED:
	 
	LENDER:	 	 	 
	 	 	 	 
	Sartorii,
    LLC	 	 	 
	 	 	 	 
	By:
    	 	 	 	 
	 	Stephen
Foote, Manager	 	 	 

 

[Signature
Page to Promissory Note]

 

    	 

     

    

 

ATTACHMENT
1

DEFINITIONS

 

For
purposes of this Note, the following terms shall have the following meanings:

 

“Fundamental
Transaction” means that (a) (i) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more related transactions,
consolidate or merge with or into (whether or not Borrower or any of its subsidiaries is the surviving corporation) any other person
or entity, or (ii) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more related transactions, sell, lease,
license, assign, transfer, convey or otherwise dispose of all or substantially all of its respective properties or assets to any other
person or entity, or (iii) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more related transactions, allow
any other person or entity to make a purchase, tender or exchange offer that is accepted by the holders of more than 50% of the outstanding
shares of voting stock of Borrower (not including any shares of voting stock of Borrower held by the person or persons making or party
to, or associated or affiliated with the persons or entities making or party to, such purchase, tender or exchange offer), or (iv) Borrower
or any of its subsidiaries shall, directly or indirectly, in one or more related transactions, consummate a stock or share purchase agreement
or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with any other person or entity whereby such other person or entity acquires more than 50% of the outstanding shares of voting stock
of Borrower (not including any shares of voting stock of Borrower held by the other persons or entities making or party to, or associated
or affiliated with the other persons or entities making or party to, such stock or share purchase agreement or other business combination),
or (v) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more related transactions, reorganize, recapitalize
or reclassify the Common Stock, other than an increase in the number of authorized shares of Borrower’s Common Stock, or (b) any
“person” or “group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the 1934 Act and the
rules and regulations promulgated thereunder) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the
1934 Act), directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and outstanding voting stock of
Borrower.

 

“Outstanding
Balance” means as of any date of determination, the Purchase Price, as reduced or increased, as the case may be, pursuant to
the terms hereof for payment, offset, or otherwise, accrued but unpaid interest, collection and enforcements costs (including attorneys’
fees) incurred by Lender, and any other fees or charges incurred under this Note.

 

“Purchase
Price” means $3,000,000.00.

 

“Purchase
Price Date” means the date the Purchase Price is delivered by Lender to Borrower.

 

[Remainder
of page intentionally left blank]Exhibit
10.61

 

STOCK
PURCHASE AGREEMENT

 

THIS
STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into effective as of March 3, 2022, by and between HUMBL, Inc.,
a Delaware corporation (the “Buyer”), on one hand, and Gustavo Moya Ortiz, an individual (the “Seller”)
on the other hand. Each of the Buyer and the Seller are referred to herein individually as a “Party” and collectively
as the “Parties.”

 

A.
The Seller owns forty-eight (48) shares Series A stock (the “48 Shares”) and will obtain the remaining two (2) shares
of Series A stock (the “2 Shares”, and together with the 48 Shares, the “Shares”) of Ixaya Business
SA de CV, a Mexican corporation (the “Company”).

 

B.
Upon the terms and subject to the conditions set forth
herein, the Buyer desires to purchase from the Seller and the Seller desires to sell to the Buyer, the Shares (the “Purchase”).

 

NOW,
THEREFORE, in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties,
and covenants herein contained, the Parties agree as follows:

 

ARTICLE
I

PURCHASE AND SALE OF SHARES

 

1.1. Purchase
of Shares; Purchase Price. On the terms and subject to the conditions of this Agreement, the Buyer agrees to purchase from the
Seller, and the Seller agrees to sell to the Buyer, the Shares, free and clear of all claims, liens, pledges, hypothecations,
charges, mortgages, security interests, assessments, preemptive rights, rights of first refusal, or other encumbrances or
restrictions of any nature, whether arising by agreement, operation of law or otherwise (each, an “Encumbrance”), in
exchange for the amount of $1,650,000.00 (the “Purchase Price”), payable in the manner set forth in Section 1.2
below.

 

1.2.
Payment of the Purchase Price. The Purchase Price shall be paid as follows: (i) USD $150,000.00 payable via wire transfer of immediately
available funds; and (ii) the issuance by Buyer to Seller of 8,962,036 shares of Common Stock of the Buyer (the “HUMBL Shares”).

 

1.3. Closing.
The closing of the sale and purchase of the Shares (the “Closing”) shall take place at the Buyer’s office
concurrently with the execution of this Agreement, or at such other time as the Buyer and the Seller may agree upon in writing. The
date on which the Closing occurs shall be referred to herein as the “Closing Date.”

 

1.4. Deliveries.
At the time of the Closing, (a) the sale and transfer of the Shares to Buyer will be effected by delivery by the Seller to the Buyer
of an Assignment of Stock in the form attached hereto as Exhibit A and all certificates in the Seller’s possession
representing the Seller’s ownership of the Shares; and 2.2. the issuance of the HUMBL Shares by Buyer to Seller will be
effected by an electronic deposit of the HUMBL Shares into Seller’s account with Buyer’s transfer agent.

 

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ARTICLE
II

REPRESENTATIONS AND WARRANTIES OF THE SELLER

 

As
a material inducement to the Buyer to enter into this Agreement, the Seller represents and warrants to the Buyer individually as the
Seller as follows:

 

2.1. Organization.
The Seller is an individual and has full power, authority and legal right and capacity to enter into and perform the Seller’s
obligations under this Agreement and each other document contemplated hereby to which he is or will be a party and to consummate the
transactions contemplated hereby and thereby.

 

2.2
Binding Obligation. This Agreement and the other documents contemplated hereby to which the Seller is a party have been duly executed
and delivered by the Seller and are legal, valid and binding obligations of the Seller, enforceable against the Seller in accordance
with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting the enforcement of creditors’ rights in general.

 

2.3. No
Violation to Result. The execution, delivery and performance by the Seller of this Agreement and the other documents
contemplated hereby and the consummation by the Seller of the transactions contemplated hereby and thereby, do not and will not,
directly or indirectly (with or without notice or lapse of time): (i) violate, breach, conflict with, constitute a default under,
accelerate or permit the acceleration of the performance required by (x) any note, debt instrument, security agreement, mortgage or
any other Contract (defined below) to which the Seller is a party or by which he is bound or (y) any law, judgment, decree, order,
rule, regulation, permit, license or other legal requirement of any nation, state or other instrumentality or political subdivision
thereof (including any county or city), or any entity exercising executive, legislative, judicial, military, regulatory or
administrative functions pertaining to any government (each, a “Government Authority”) which is applicable to the
Seller; (ii) give any person, limited liability company, partnership, trust, unincorporated organization, corporation, association,
joint stock company, business group, Government Authority or other entity (each, a “Person”) the right to
challenge any of the transactions contemplated by this Agreement; or (iii) result in the creation or imposition of any Encumbrance,
possibility of Encumbrance, or restriction in favor of any Person upon any of the Shares or any of the properties or assets of the
Company. No notice to, filing with, or consent of, any Person is necessary in connection with, nor is any “change of
control” provision triggered by, the execution, delivery or performance by the Seller of this Agreement and the other
documents contemplated hereby nor the consummation by the Seller of the transactions contemplated hereby or thereby.

 

2.4. Ownership
of Shares. The Seller is the sole owner of the 48 Shares and has good and marketable title thereto, and the Shares are free and
clear of all Encumbrances except for those imposed by applicable federal and state securities laws. Upon consummation of the
transfer of the 2 Shares, the Seller will be the sole owner of the 2 shares and will have good and marketable tile thereto, and 2
Shares will be free and clear of all Encumbrances except for those imposed by applicable federal and state securities laws. There
are no voting trusts or proxies with respect to the voting of the Shares.

 

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2.5.
Restricted Securities. The Seller understands that the HUMBL Shares are characterized as “restricted securities” under
the Securities Act of 1933, as amended (the “Securities Act”), and inasmuch as they are being acquired from the Buyer
in a transaction not involving a public offering and that under the Securities Act and applicable regulations thereunder such securities
may be resold without registration under the Securities Act only in certain limited circumstances. Further, the Seller represents that
he is familiar with Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.
The Seller understands that the Buyer is under no obligation to register the HUMBL Shares.

 

2.6.
Stockholders. The Shares represent all of the outstanding equity interests of the Company. Seller is the 100% owner of the 48
Shares.

 

2.7.
Entire Interest. The Shares constitute the Seller’s entire interest in the equity of the Company and, upon the Closing,
the Seller will have no claim, right or interest in or to any shares of stock or other equity of the Company whatsoever.

 

2.8. Brokers.
No Person has or will have, as a result of the transactions contemplated by this Agreement, any right, interest or claim against or
upon any of the Parties for any commission, fee or other compensation payable as a finder or broker because of any act or omission
by the Seller.

 

2.9.
Disclosure. To the actual knowledge of the Seller (or the knowledge that the Seller would obtain upon reasonable inquiry and investigation),
no representation or warranty by the Seller contained in this Agreement contains any untrue statement of a material fact or omits to
state any material fact necessary to make any statement herein or therein not misleading.

 

2.10.
Litigation and Known Claims. No litigation, including any arbitration, investigation or other proceeding of or before any court,
arbitrator or governmental or regulatory official, body or authority, is pending or, to the best of the Seller’s knowledge, threatened
against the Seller or which relates to the Shares or the transactions contemplated by this Agreement, nor does the Seller know of any
reasonably likely basis for any such litigation, arbitration, investigation or proceeding, the result of which could adversely affect
the Seller, the Shares, or the transactions contemplated hereby. As of the Closing Date, the Seller is not a party to or subject to the
provisions of any judgment, order, writ, injunction, settlement, decree or award of any court, arbitrator or governmental or regulatory
official, body or authority which affects the Seller, the Shares, or the transactions contemplated hereby.

 

2.11.
Bankruptcy. The Seller has not made any assignment for the benefit of creditors, filed any petition in bankruptcy, been adjudicated
insolvent or bankrupt, or petitioned or applied to any tribunal for any receiver, conservator or trustee of the Seller or any of the
Seller’s property or assets.

 

2.12.
Information. The Seller believes he has received all the information he considers necessary or appropriate for deciding whether
to enter into this Agreement and perform the obligations set forth herein. The Seller hereby acknowledges that any future sale of shares
of the Company’s capital stock could be at a premium or a discount to the Purchase Price, and such sale could occur at any time
or not at all. The Seller acknowledges that the price of the HUMBL Shares may decrease before the Seller is able to resell them. The
Seller hereby acknowledges that he has not relied on any representation or statement of the Buyer or the Company, other than those set
forth in this Agreement, in making his investment decision to sell the Shares and receive the HUMBL Shares as part of the Purchase Price.

 

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2.13.
Valuation of Shares. The Seller acknowledges that (i) the per share Purchase Price is not based on an independent valuation of
the Shares or on any other commonly used valuation method and may not reflect the fair market value of the Shares and (ii) he has had
the opportunity to make inquiries of the Buyer and the Company and its officers regarding the Company’s and Buyer’s business
affairs and financial condition and already has or has acquired sufficient information about the Company and Buyer to reach an informed
and knowledgeable decision prior to entering into this Agreement. The Seller acknowledges that at any time the Company may sell equity,
be acquired or elect to liquidate its assets and pay available proceeds to the holders of its capital stock, and/or one or more of the
Company’s shareholders may transfer shares of capital stock in each case in a transaction that values the Company’s capital
stock at a higher valuation per share than the Purchase Price. In entering into this Agreement and consummating the sale of the Shares
contemplated hereby, the Seller assumes the risk that the Purchase Price may not reflect the fair market value of the Shares or the value
of the Shares pursuant to any other valuation basis. The Seller acknowledges that the Purchase Price was determined through an arm’s
length negotiation between the Seller and the Buyer, and that the Seller did not rely on the Buyer or any other Person to determine the
value of the Shares.

 

2.14.
Taxes. The Seller has reviewed with his own tax and legal advisors the federal, state, local and foreign tax consequences, including,
but not limited to, capital gains treatment and other related tax provisions that may be applicable to the transaction contemplated by
this Agreement. The Seller relies solely on such advisors and not on any statements or representations of the Buyer or any of its agents,
officers, directors, shareholders or employees for the federal, state, local and foreign tax consequences to the Seller that may result
from the transaction contemplated by this Agreement. The Seller understands that he (and not the Buyer) shall be responsible for any
tax liability that may arise as a result of the transaction contemplated by this Agreement. The Company has duly filed all federal, state,
county, local and other excise, franchise, property, payroll, income, capital stock, sales and use, and other tax returns which are required
to be filed by it, and such returns are true and correct in all respects. The Company is not currently the beneficiary of any extension
of time within which to file a tax return. The Company has paid all taxes which have become due or have been assessed against it and
all taxes, penalties and interest. There are no tax deficiencies or claims presently being asserted against the Company and Seller knows
of no basis for such claims or deficiencies. Neither the Company nor Seller has granted any waiver currently in effect of the statute
of limitations with respect to any such taxes or assessments. The Company has complied in all respects with all applicable laws, rules,
and regulations relating to the payment and withholding of taxes and have, within the time and in the manner prescribed by law, withheld
from employee wages and paid over to the proper governmental authorities all amounts required to be so withheld and paid over under all
applicable laws.

 

2.15.
Indebtedness and Guaranties. Except as otherwise disclosed by the Seller, the Company is not a guarantor or otherwise liable for
any liability (including indebtedness) of any other Person.

 

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2.16.
Real Property. The Company does not own, nor has ever owned, any real property. The Seller has provided to the Buyer a list of
all of the real property and interests therein leased, subleased or otherwise occupied or used by the Company (with all easements and
other rights appurtenant to such property, the “Real Property”). The Real Property constitutes all interests in real property
currently used in connection with the business necessary to conduct the business in the ordinary course of business.

 

2.17.
Transactions with Related Persons. For the past three (3) years, neither any shareholder, officer, director or employee of the
Company nor any Related Person of any of the foregoing has (a) owned any interest in any asset used in the business, (b) been involved
in any business or transaction with the Company or (c) engaged in competition with the Company. Neither any shareholder, officer, director
or employee of the Company nor any Related Person of any of the foregoing (i) is a party to any Contract with, or has any claim or right
against, the Company or (ii) has any indebtedness owing to the Company. The Company does not have (A) any claim or right against any
shareholder, officer, director or employee of the Company or any Related Person of any of the foregoing or (B) any indebtedness owing
to any shareholder, officer, director or employee of the Company or any Related Person of any of the foregoing. For purposes of this
Section, “Related Person” means (a) with respect to a specified individual, any member of such individual’s Family
and any affiliate of any member of such individual’s Family, and (b) with respect to a specified person other than an individual,
any affiliate of such person and any member of the Family of any such affiliates that are individuals. The “Family” of a
specified individual means the individual, such individual’s spouse and former spouses, any other individual who is related to
the specified individual or such individual’s spouse or former spouse within the third degree, and any other individual who resides
with the specified individual.

 

2.18.
Environmental and Safety. The Company has complied and is in compliance with all Environmental Laws (as defined below). No Permits
are required pursuant to any Environmental Law for the occupation of the facilities or operation of the business. The Company has not
received any written or oral notice, report or other information regarding any actual or alleged violation of any Environmental Law,
or any liabilities or potential liabilities, including any investigatory, remedial or corrective obligations, relating to it or its facilities
arising under any Environmental Law. None of the following now exists or at any time in the past existed at any property or facility
currently leased or operated by the Company, and none of the following existed at any property or facility previously owned, leased or
operated by the Company at or before the time the Company ceased to own or operate such property or facility: (a) underground storage
tanks, (b) asbestos-containing material in any form or condition, (c) materials or equipment containing polychlorinated biphenyls, or
(d) landfills, surface impoundments or disposal areas. The Company has not treated, stored, disposed of, arranged for or permitted the
disposal of, transported, handled or released any substance, or owned or operated any property or facility (and no such property or facility
is contaminated by any such substance) in a manner that has given or would give rise to any liability, including any liability for response
costs, corrective action costs, personal injury, property damage, natural resources damages or attorney fees, pursuant to any Environmental
Law. Further, the Company expressly represents that it has not at any time done anything at any location at which it has performed cleaning
or restoration services that has given or would give rise to any liability, including any liability for response costs, corrective action
costs, personal injury, property damage, natural resources damages or attorney fees, pursuant to any Environmental Law. Neither this
Agreement nor the transactions contemplated hereby will result in any liability for site investigation or cleanup, or notification to
or consent of any person, pursuant to any “transaction-triggered” or “responsible property transfer” Environmental
Laws. The Company has not, either expressly or by operation of law, assumed or undertaken any liability, including any obligation for
corrective or remedial action, of any other person relating to any Environmental Law. For purposes of this Agreement, “Environmental
Law” means any law relating to the environment, health or safety, including any law relating to the presence, use, production,
generation, handling, management, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge,
release, threatened release, control or cleanup of any material, substance or waste limited or regulated by any governmental body.

 

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2.19.
Employees. Seller has provided to Buyer a complete list (the “Employee List”) of all of the Company’s employees
and independent contractors, if any. All former employees and independent contractors have been paid in full any and all compensation
due and owing to such persons. The Company has complied with all applicable federal, state and local laws related to employment, including
those related to wage, hours, worker classification and the payment and withholding of taxes and other sums as required by law. The Company
has withheld and paid to the appropriate governmental entity all amounts required to be withheld from employees of the Company and is
not liable for any arrears of wages, taxes, penalties, or other sums for failure to comply with any of the foregoing. Seller has no knowledge
of any employee indicating they will not remain employed by the Company after Closing. To the best of Seller’s knowledge, neither
the Company nor Seller has committed any act which would be considered discriminatory or would constitute sexual harassment towards any
employees of the Company.

 

2.20.
Contracts. Seller has provided to Buyer a copy of all material contracts or agreements to which the Company is a party or by which
the Company or any of its assets, businesses or operations are bound or affected (the “Contracts”). Seller has also provided
to Buyer a brief description of all unwritten or verbal contracts, agreements, arrangements and commitments to which the Company is a
party or by which the Company or any of its assets, businesses or operations are bound or affected. Except as otherwise disclosed to
Buyer, the Company is not a party to or bound by any contract or agreement, including, without limitation, any contract, agreement, arrangement
or commitment which would require the consent of the other party for the Company to enter into this Agreement. Except as otherwise disclosed
to Buyer, the Company is not a party to or bound by any contract or agreement, including, without limitation, any contract, agreement,
arrangement or commitment relating to:

 

(a)
the employment of any person other than personnel employed at the pleasure of the Company in the ordinary course of business at rates
of compensation and on terms consistent with past business practice;

 

(b)
collective bargaining with, or any representation of any employees by, any labor union or association;

 

(c)
the acquisition of services, supplies, equipment or other personal property or the sale of personal property (including, without limitation,
sales of inventory in the ordinary course of business), which is not terminable by the Company upon 30 days’ notice or less without
obligation on the part of the Company;

 

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(d)
the purchase or sale of real property;

 

(e)
lease of real or personal property as lessor or lessee or sublessor or sublessee;

 

(f)
distribution, agency, public relations, advertising, printing, construction, accounting or legal services;

 

(g)
bonuses, vacations, vacation pay, pensions, profit sharing, retirement, stock options, stock purchase, employee discounts or other employee
benefits;

 

(h)
lending or advancing of funds other than the extension of credit to trade purchasers in the ordinary course of business consistent with
past business practice;

 

(i)
borrowing of funds or receipt of credit other than in the ordinary course of business consistent with past practice and except for trade
accounts payable in amounts and on terms consistent with past practice;

 

(j)
incurring of any obligation or liability except for transactions in the ordinary course of business consistent with past practice;

 

(k)
the sale of personal property (other than sales of inventory in the ordinary course of business consistent with past practice) or services
under which payments due after the date hereof will exceed $1,000; or

 

(l)
any matter or transaction not in the ordinary course of the business of the Company consistent with past practice.

 

2.21.
Legal Compliance; Permits.

 

(a)
The Company is, and since January 1, 2020, has been, in compliance in all material respects with all applicable laws and Permits. No
proceeding is pending, nor since January 1, 2020, has been filed or commenced, against the Company alleging any failure to comply with
any applicable law or Permit. No event has occurred or circumstance exists that (with or without notice or lapse of time) may constitute
or result in a violation by the Company of any law or Permit. The Company has not received any notice or other communication from any
person regarding any actual, alleged or potential violation by the Company of any law or Permit or any cancellation, termination or failure
to renew any Permit held by the Company.

 

(b)
Seller has provided to Buyer a complete and accurate list of each Permit (the “Permit List”) held by the Company or
that otherwise relates to the business or any asset owned or leased by the Company and states whether each such Permit is transferable.
Each Permit listed or required to be listed on the Permit List is valid and in full force and effect. Each Permit listed or required
to be listed on the Permit List is renewable for no more than a nominal fee and, to the Seller’s knowledge, there is no reason
why such Permit will not be renewed. The Permits listed on the Permit List constitute all of the Permits necessary to allow the Company
to lawfully conduct and operate its business as currently conducted and operated and to own and use its assets as currently owned and
used. For purposes of this Agreement, “Permit” means any permit, license or Consent issued by any governmental body
or pursuant to any law.

 

    	7

     

    

 

2.22.
Financial Statements.

 

(a)
Seller has provided to Buyer the following financial statements (collectively, the “Financial Statements”): unaudited
balance sheet of the Company as of December 31, 2021, and statements of income, changes in stockholders’ equity, and cash flow
for each of the fiscal years then ended. The Financial Statements have been prepared on a consistent basis throughout the periods covered
thereby, and present fairly the financial condition of the Company as of and for their respective dates and periods covered thereby.

 

(b)
The Company’s books and records (including all financial records, business records, customer lists, and records pertaining to products
or services delivered to customers) (i) are complete and correct in all material respects and all transactions to which it is or has
been a party are accurately reflected therein in all material respects on an accrual basis, (ii) reflect all discounts, returns and allowances
granted by it with respect to the periods covered thereby, (iii) have been maintained in accordance with customary and sound business
practices in its industry, (iv) form the basis for the Financial Statements with respect to the Company and (v) reflect in all material
respects the assets, liabilities, financial position, results of operations and cash flows of it on an accrual basis. All computer-generated
reports and other computer output included in its books and records are complete and correct in all material respects and were prepared
in accordance with sound business practices based upon authentic data. The Company’s management information systems are adequate
for the preservation of relevant information and the preparation of accurate reports.

 

2.23.
Title to and Sufficiency of Assets. The Company has good and marketable title to, or a valid leasehold interest in, every property
or asset used by it, located on its premises, purported to be owned by it, or shown on the Financial Statements or acquired by the Company
(the “Assets”), free and clear of any Encumbrances except for properties and assets disposed of in the ordinary course of
business and for valuable consideration. The Assets include (a) all tangible and intangible property and assets necessary for the continued
conduct of the business and the provision of services therewith as of the Closing in the same manner as conducted prior to the Closing
and in compliance in all material respects with all applicable laws, Contracts and Permits as of the Closing; (b) all property and assets
necessary to generate the results of operations for the business reflected in the Financial Statements and to perform under the Contracts;
and (c) all software, applications and other technology developed or created by the Company, including, but not limited to, the following
products and technologies: (i) yoPago, (ii) Atenda, (iii) La Cocina, (iv) Cook & Serve; (v) La Caja; and (vi) La Carta.

 

2.24. Intellectual
Property.

 

(a)
The Company has sole title to and ownership of, or possesses legally enforceable rights to use under valid and subsisting written license
agreements, all applicable material Company Intellectual Property Rights (as defined below), and to the knowledge of the Seller, the
Company has not misappropriated, is not in conflict with and is not infringing upon the Intellectual Property Rights of others. The Company
is the sole and exclusive owner of all Company Intellectual Property Rights free and clear of any Encumbrances or other rights or claims
of others. To the knowledge of the Seller, none of the Company Intellectual Property Rights is being infringed by activities, products
or services of, or is being misappropriated by, any third party.

 

    	8

     

    

 

(b)
The Company has made available to Buyer correct and complete copies of all registrations and applications and all licenses, sublicenses
and agreements relating to the Company’s applicable material Company Intellectual Property Rights, each as amended to date. The
Company is not a party to any oral license, sublicense or other agreement.

 

(c)
With respect to each item of material Third Party Intellectual Property Rights (as defined below), there are no royalty, commission or
other executory payment agreements, arrangements or understandings relating to such item.

 

(d)
The Company has used reasonable efforts to protect and enforce its trade secrets and otherwise to safeguard and maintain the secrecy
and confidentiality of all applicable material Company Intellectual Property Rights. To the knowledge of the Seller, no current or prior
officers, employees or consultants of the Company have claimed any ownership interest in any material Company Intellectual Property Rights
as a result of having been involved in the development of such property while employed by or consulting to the Company, or otherwise.
To the knowledge of the Seller, there has been no violation of any trade secrets program or any confidentiality or nondisclosure agreement
relating to the Company’s Intellectual Property Rights. Except for the Third Party Intellectual Property Rights, all Company Intellectual
Property Rights have been developed by employees of the Company, within the course and scope of their employment.

 

(e)
The term “Company Intellectual Property Rights” means the Intellectual Property Rights used in the conduct of the
Business of the Company as currently conducted.

 

(f)
The term “Intellectual Property Rights” means all (i) patents, patent applications, patent disclosures (ii) trademarks,
service marks, trade dress, trade names, logos and corporate names and registrations and applications for registration thereof together
with all of the goodwill associated therewith, (iii) copyrights (registered or unregistered) and copyrightable works and registrations
and applications for registration thereof, together with all authors’ and moral rights, (iv) mask works and registrations and applications
for registration thereof, (v) computer software (including source code, object code, macros, scripts, objects, routines, modules and
other components), data, data bases and documentation thereof, (vi) trade secrets and other confidential information (including ideas,
formulas, compositions, inventions (whether patentable or unpatentable and whether or not reduced to practice), know-how, products, processes,
techniques, methods, research and development information and results, drawings, specifications, designs, plans, proposals, technical
data, marketing plans and customer, prospect and supplier lists and information), (vii) other intellectual property rights, (viii) “technical
data” as defined in 48 Code of Federal Regulations, Chapter 1, (ix) copies and tangible embodiments thereof (in whatever form or
medium means the Intellectual Property Rights used in the conduct of the Business of the Company as currently conducted, and (x) the
following products and technologies: (1) yoPago, (2) Atenda, (3) La Cocina, (4) Cook & Serve; (5) La Caja; and (6) La Carta.

 

(g)
The term “Third Party Intellectual Property Rights” means any Company Intellectual Property Rights specifically not
owned by the Company.

 

    	9

     

    

 

2.25. Employee
Benefit Plans. The Company has made no promises (whether through an employee benefit plan or otherwise) to provide medical, life
or disability benefits for periods after an employee’s termination of employment or a director’s, independent
contractor’s or consultant’s end of service to the Company, except as required by the Consolidated Omnibus Budget
Reconciliation Act of 1985 (“COBRA”). All employee benefit plans are and have always been maintained, funded and
administered in material compliance with all applicable laws, and there are no audits, inquiries or proceedings pending or, to the
knowledge of the Seller, threatened by any governmental agency or authority. The Company has complied with the notice and benefit
obligations regarding any employee benefit plan mandated by COBRA. All contributions, premiums or payments required to be made with
respect to any employee benefit plan have been made on or before their due dates. No action, claim or lawsuit is pending or
threatened with respect to any employee benefit plan (other than claims for benefits in the ordinary course). The Company has no
commitment (a) to create, incur liability with respect to or cause to exist, any other employee benefit plan, program or
arrangement, (b) to enter into any contract or agreement to provide compensation or benefits to any individual, or (c) to modify,
change or terminate any employee benefit plan, other than with respect to a modification, change or termination required by
applicable Law.

 

2.26.
Undisclosed Liabilities and Obligations. Except for those items set forth on the Financial Statements or otherwise disclosed to
Buyer, the Company has no unpaid debt, obligations or liability, accrued, contingent or otherwise (asserted or unasserted), as of the
date hereof.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES OF THE BUYER

 

The
Buyer represents and warrants to the Seller, as of the Closing Date, as follows:

 

3.1. Organization.
The Buyer is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware, and is
qualified to do business and in good standing in each jurisdiction where the character or location of its assets or properties
owned, leased or operated by it or the nature of its activities makes such qualification necessary.

 

3.2. Authority
for Agreement. The Buyer has full power, authority and legal right to enter into and perform its obligations under this
Agreement and the other documents contemplated hereby to which the Buyer is or will be a party and to consummate the transactions
contemplated hereby and thereby. The Buyer has duly approved this Agreement and the other documents contemplated hereby and the
transactions contemplated hereby and thereby and has authorized the execution, delivery and performance of this Agreement and the
other documents contemplated hereby and the consummation of the transactions contemplated hereby and thereby. No other proceedings
on the part of the Buyer are necessary to approve and authorize the execution, delivery and performance of this Agreement and the
other documents contemplated hereby and the consummation of the transactions contemplated hereby and thereby. This Agreement and the
other documents contemplated hereby to which the Buyer is a party have been duly executed and delivered by the Buyer and are legal,
valid and binding obligations of the Buyer, enforceable against the Buyer in accordance with their respective terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights in general.

 

    	10

     

    

 

3.3. No
Violation to Result. The execution, delivery and performance by the Buyer of this Agreement and the other documents contemplated
hereby and the consummation by the Buyer of the transactions contemplated hereby and thereby, do not and will not, directly or
indirectly (with or without notice or lapse of time): (i) violate, breach, conflict with, constitute a default under, accelerate or
permit the acceleration of the performance required by (x) any of the terms of the bylaws, articles of incorporation or other
governing documents of the Buyer or any resolution adopted by the shareholders of the Buyer, (y) any note, debt instrument, security
agreement, mortgage or any other contract to which the Buyer is a party or by which it is bound or (z) any law, judgment, decree,
order, rule, regulation, permit, license or other legal requirement of any Government Authority applicable to the Buyer; (ii) give
any Government Authority or other Person the right to challenge any of the transactions contemplated by this Agreement; or (iii)
result in the creation or imposition of any Encumbrance, possibility of Encumbrance, or restriction in favor of any Person upon any
of the properties or assets of the Buyer. No notice to, filing with, or consent of, any Person is necessary in connection with the
execution, delivery or performance by the Buyer of this Agreement and the other documents contemplated hereby nor the consummation
by the Buyer of the transactions contemplated hereby or thereby.

 

ARTICLE
IV

ADDITIONAL AGREEMENTS

 

4.1. Transfer
Taxes, Etc. All transfer taxes incurred in connection with the transactions contemplated by this Agreement shall be paid by the
Party incurring such taxes under applicable law when due. The responsible Party shall, at its own expense, file all necessary tax
returns and other documentation with respect to all such transfer taxes.

 

4.2. Further
Assurances. Each Party will, either at or after the Closing, execute such further documents, deeds, bills of sale, assignments
and assurances and take such further actions as may reasonably be required by the other Party to consummate the Purchase and to
effect the other purposes of this Agreement.

 

4.3.
Survival of Representations, Warranties and Covenants. Each covenant and agreement contained in this Agreement or in any agreement
or other document delivered pursuant hereto shall survive the Closing and be enforceable until such covenant or agreement has been fully
performed, or as otherwise specified. All representations and warranties of the Parties contained in this Agreement or in any other agreement
or document executed and delivered pursuant hereto shall survive the Closing for the lesser of (x) indefinitely and (y) the expiration
of the applicable statute of limitations.

 

    	11

     

    

 

4.4.
Indemnification. Seller shall indemnify, defend, save and hold harmless the Buyer, and its affiliates, agents and representatives,
from and against any and all costs, losses, liabilities, damages, lawsuits, claims and expenses (whether or not arising out of third-party
claims), including without limitation court costs, reasonable attorneys’ fees and disbursements and all amounts paid in investigation,
defense or settlement of any of the foregoing (“Damages”), incurred in connection with or arising out of or resulting from
(a) any material breach of any covenant or warranty, or any inaccuracy in any representation made by the Seller in or pursuant to this
Agreement; (b) the material failure by the Seller to perform or observe any term, provision or covenant of this Agreement; (c) any liability
of the Company or Seller asserted against Buyer or affiliates, including any third-party claims arising from the act or omission of the
Company or Seller, or the Company’s officers, directors, employees, agents, or affiliates relating to the Company or any liability
arising out of the ownership or operation of the Company prior to the Closing; (d) the enforcement of this indemnification obligation;
or (e) all taxes payable by the Company that are allocable to taxable period, or portions thereof, ending on or before the Closing Date.
This indemnification obligation shall survive for three (3) years from the date hereof. Any indemnification obligation incurred by Seller
hereunder may be satisfied by Seller, in Seller’s reasonable discretion, either through: (i) the transfer and conveyance by Seller
to Buyer of a number of HUMBL Shares equal in value to the amount of the Damages, or (ii) the offset of the Damages against amounts owing
under the Note.

 

4.5.
Covenant Not to Compete. The Seller agrees that for a period of three (3) years after the Closing Date (the “Restricted
Period”), with respect to any area in which the Company, during the Restricted Period, is engaged or intends to become engaged
in the Company’s business, he shall not, alone, together or in association with others, as owner, shareholder, member, officer,
director, manager, partner, lender, investor, consultant, principal, agent, independent consultant, co-venturer, or in any other capacity,
directly or indirectly engage in, have a financial interest in, or be in any way connected or affiliated with or render advice or service
to, any person, firm, business or enterprise which is in competition with the business of the Company. The Seller acknowledges and agrees
that the duration and area for which the covenant not to compete set forth above is to be effective are fair and reasonable and are reasonably
required for the protection of the Buyer, and the Seller hereby waives any objections to or defenses in respect thereof. In the event
that any court determines that such time period or area, or both, are unreasonable, and that such covenant is to that extent unenforceable,
each of the Buyer and the Seller agrees that this paragraph shall be deemed amended to delete such provisions or portions adjudicated
to be unenforceable so that the covenant shall remain in full force and effect for the greatest time period and in the greatest geographic
area that would not render it unenforceable.

 

4.6.
Ownership of Intellectual Property. The Seller acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements,
developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including
any Buyer Confidential Information (as defined in Section 4.8 below)) and all registrations or applications related thereto, all other
proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s actual
business, research and development, currently existing or currently anticipated future products or services and which were conceived,
developed or made by the Seller (whether above or jointly with others) prior to the Closing Date, belong to the Buyer. In furtherance
of the foregoing, the Seller shall perform all actions reasonably requested by the Buyer to establish and confirm such ownership (including,
without limitation, assignments, consents, powers of attorney and other instruments).

 

4.7.
Release of Claims. The Seller, together with the Seller’s heirs, representatives and assigns, hereby fully and completely
releases and waives any and all claims, complaints, causes of action or demands of whatever kind which he has or may have against the
Buyer and the Company, their respective officers, employees, members or managers, arising out of any actions, conduct, decisions, behavior
or events occurring prior to the Closing Date, including without limitation claims related to the Seller’s ownership of the Shares
or any other equity or claim thereto of the Company. The Seller understands and accepts that this release specifically covers but is
not limited to any and all claims, complaints, causes of action or demands which the Seller has or may have against the above-referenced
released parties.

 

    	12

     

    

 

4.8.
Confidentiality. To the extent that the Seller has obtained Buyer Confidential Information prior to the execution of this Agreement,
during the Restricted Period, the Seller agrees to hold such Buyer Confidential Information in the strictest confidence, and covenants
and agrees not to disclose, duplicate, lecture upon or publish any of the Buyer Confidential Information after the Closing Date. For
purposes of this Agreement, “Buyer Confidential Information” shall mean any and all confidential and/or proprietary knowledge,
know-how, data or information of the Buyer, including, but not limited to, ideas, concepts, processes, designs, techniques, budgets,
financials, products, marketing, selling and business plans, prices, costs, supplier, vendor, customer, membership or similar lists or
contact information other than those previously identified and originated by the Seller and any other agreements of the Buyer, and all
other similar information pertaining to the Buyer.

 

4.9.
Nondisparagement. By execution below, the Seller agrees not to disparage or defame the Buyer or their products or services. In
addition, the Seller agrees not to counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes,
differences, grievances, claims, charges or complaints by any third party against the Buyer and/or any officer, manager, employee, agent,
representative, member or attorney of the Buyer, unless under a subpoena or other court order to do so or pursuant to violations of agreements
entered into between any of the Parties after the execution of this Agreement.

 

4.10.
Transfer of the Shares. The Seller will take whatever steps are necessary with any local, state or federal Mexican government
authorities to effectuate and finalize the transfer of the Shares to the Buyer within thirty (30) days of the Closing Date.

 

ARTICLE
V

CONDITIONS
TO SELLER’S OBLIGATIONS TO CLOSE

 

The
Seller’s obligation to sell, transfer and convey the Shares at the Closing is subject to the fulfillment on or before the Closing
of the following conditions, unless waived in writing by the Seller:

 

5.1. Representations
and Warranties. The representations and warranties made by the Buyer in Article III shall be true and correct in all material
respects when made and as of the date of the Closing.

 

5.2. Covenants.
All covenants, agreements and conditions contained in this Agreement to be performed by the Buyer on or prior to the Closing Date
shall have been performed or complied with in all material respects as of the Closing Date.

 

5.3. Closing
Deliveries. At the Closing, the Buyer shall deliver those items for which Buyer is responsible set forth in Section 1.4
above.

 

    	13

     

    

 

ARTICLE
VI

CONDITIONS TO BUYER’S OBLIGATIONS TO CLOSE

 

The
Buyer’s obligation to purchase the Shares, and issue the Note and HUMBL Shares at the Closing is subject to the fulfillment on
or before the Closing of each of the following conditions (the “Buyer Closing Conditions”), unless waived by the Buyer:

 

6.2. Representations
and Warranties . The representations and warranties made by the Seller in Article II shall be true and correct in all material
respects when made and as of the Closing Date.

 

6.3. Covenants.
All covenants, agreements and conditions contained in this Agreement to be performed by the Seller on or prior to the Closing shall
have been performed or complied with in all material respects.

 

6.4. Due
Diligence. The Seller shall have delivered to the Buyer or its counsel, copies of all stock certificates and other documents the
Buyer shall reasonably request. The Seller shall have provided the Buyer access to such information as the Buyer shall have
reasonably requested in connection with its due diligence review and the Buyer shall have concluded its due diligence review of the
Shares and all financial, business, tax, accounting, technical, and legal aspects of the Company to the Buyer’s sole
satisfaction.

20.

 

6.5. No
Material Adverse Effect. From the date of this Agreement through the consummation of the Closing, no Material Adverse Effect (as
defined below) shall have occurred. For purposes of this Agreement, “Material Adverse Effect” means any circumstance,
change in or effect on the Buyer or the Company that, individually or in the aggregate with all other circumstances, changes in or
effects on the Buyer or the Company, is or is reasonably likely to be materially adverse to the business, operations, assets,
financial condition, prospects or liabilities of the Buyer or the Company taken as a whole.

 

6.6. Closing
Deliveries. At the Closing, the Seller shall deliver those items for which Seller is responsible set forth in Section 1.4
above.

 

ARTICLE
VII

MISCELLANEOUS

 

7.1. Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the Seller and his respective heirs, executors,
administrators, legal representatives, successors and assigns. This Agreement or any of the severable rights and obligations inuring
to the benefit of or to be performed by the Buyer hereunder may be assigned by the Buyer to a third party, including its financing
sources, in whole or in part; provided, however, that any such assignment shall not relieve the Buyer of its obligations
under this Agreement.

 

7.2. Governing
Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to
contracts made and wholly performed in that jurisdiction, without regard to conflict of law principles. The Seller hereby expressly
consents to the personal jurisdiction of the state and federal courts located in or about San Diego County, State of California, for
any action or proceeding arising from or relating to this Agreement, waives any argument that venue in any such forum is not
convenient, and agrees that any such action or proceeding shall only be venued in such courts.

 

    	14

     

    

 

7.3. Severability.
If any part of this Agreement is construed to be in violation of any law, such part shall be modified to achieve the objective of
the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force and effect.

 

7.4. Amendment.
This Agreement may be amended, supplemented or modified only by execution of an instrument in writing signed by the Buyer and the
Seller.

 

7.5. Waiver.
Any Party hereto may to the extent permitted by applicable law (i) extend the time for the performance of any of the obligations or
other acts of the other Parties hereto, (ii) waive any inaccuracies in the representations and warranties of the other Parties
hereto contained herein or in any document delivered pursuant hereto or (iii) waive compliance with any of the agreements of the
other Parties hereto contained herein. No such extension or waiver shall be effective unless set forth in a written instrument duly
executed by or on behalf of the Party extending the time of performance or waiving any such inaccuracy or non-compliance. No waiver
by any Party of any term of this Agreement, in any one or more instances, shall be deemed to be or construed as a waiver of the same
or any other term of this Agreement on any future occasion.

 

7.6. Notices.
All notices, requests, consents, waivers, and other communications required or permitted to be given hereunder shall be in writing
and shall be deemed to have been duly given (a) if personally delivered, upon delivery or refusal of delivery; (b) if mailed by
registered or certified United States mail, return receipt requested, postage prepaid, upon delivery or refusal of delivery; or (c)
if sent by a nationally recognized overnight delivery service, upon delivery or refusal of delivery. All notices, consents, waivers,
or other communications required or permitted to be given hereunder shall be addressed as follows:

 

(a)
If to the Buyer:

 

HUMBL,
Inc.

Attn:
Brian Foote

600
B Street, Suite 300

San
Diego, California 92101

 

(b)
If to the Seller:

 

Gustavo
Moya Ortiz

__________________

__________________

 

or
at such other address or addresses as the Party addressed may from time to time designate in writing pursuant to notice given in accordance
with this section.

 

7.7. Expenses.
Each party shall pay its own legal and other fees incident to the negotiations and preparations of this Agreement and the
transactions contemplated hereby.

 

7.8. Complete
Agreement. This Agreement, including those documents expressly referred to herein and all Exhibits hereto, embody the complete
agreement and understanding between the Parties and supersede and preempt any prior understandings, agreements or representation by
or between the Parties, written or oral, which may have related to the subject matter herein.

 

    	15

     

    

 

7.9. Absence
of Third-Party Beneficiary Rights. No provision of this Agreement is intended, nor will be interpreted, to provide or create any
third-party beneficiary rights or any other rights of any kind in any client, customer, affiliate, equityholder, employee or partner
of any Party hereto or any other Person.

 

7.10. Mutual
Drafting. This Agreement is the mutual product of the Parties, and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of each of the Parties, and shall not be construed for entire or against any Party
hereto.

 

7.11. Further
Representations. Each Party to this Agreement acknowledges and represents that it has been represented by its own legal counsel
in connection with the transaction contemplated by this Agreement, with the opportunity to seek advice as to its legal rights from
such counsel.

 

7.12. Headings.
The headings in this Agreement are intended solely for convenience of reference and shall be given no effect in the construction or
interpretation of this Agreement.

 

7.13. Counterparts.
This Agreement may be executed in two or more counterparts, each of which when executed and delivered shall be deemed an original
and all of which, taken together, shall constitute the same agreement. This Agreement and any document required hereby may be
executed by facsimile or email signature which shall be considered legally binding for all purposes.

 

7.14. Attorneys’
Fees. In the event that any dispute among the Parties should result in litigation, the prevailing party in such dispute shall be
entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with
respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys, which shall include,
without limitation, all fees, costs and expenses of appeals.

 

7.15.
Waiver of Jury Trial. THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A JURY TRIAL
IN ANY AND ALL DISPUTES WHETHER ARISING HEREUNDER OR UNDER ANY OTHER AGREEMENTS, NOTES, PAPERS, INSTRUMENTS OR DOCUMENTS HERETOFORE OR
HEREAFTER EXECUTED WHETHER SIMILAR OR DISSIMILAR.

 

7.16.
Use of Certain Terms. As used in this Agreement, the words “herein,” “hereof,” and “hereunder”
and other words of similar import refer to this Agreement as a whole and not to any particular section, subsection or other subdivision.

 

[Remainder
of page intentionally left blank] 

 

    	16

     

    

 

IN
WITNESS WHEREOF, each Party hereto has caused this Stock Purchase Agreement to be duly executed effective as of the date first above
written.

 

	 	BUYER:
	 	 
	 	HUMBL,
    INC.
	 	 	 
	 	By:	 
	 	 	Brian
Foote, CEO
	 	 	 
	 	SELLER:
	 	 
	 	 
	 	Gustavo
    Moya Ortiz

 

[Signature
Page to Stock Purchase Agreement]

 

    	 

     

    

 

EXHIBIT
A

 

ASSIGNMENT
OF SHARES

 

ASSIGNMENT
OF COMMON STOCK SEPARATE FROM CERTIFICATE

 

FOR
VALUE RECEIVED, Gustavo Moya Ortiz, does hereby sell, assign and transfer unto HUMBL, Inc., a Delaware corporation, forty-eight (48)
Series A shares of Ixaya Business SA de CV, a Mexican corporation (the “Company”), standing in the undersigned’s
name on the books of the Company, and does hereby irrevocably constitute and appoint the Company’s attorney to transfer said shares
on the books of the Company with full power of substitution in the premises.

 

Effective
as of March 3, 2022

 

	 	 
	 	Gustavo
    Moya Ortiz

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