Document:

Exhibit 10.2

 

CONVERTIBLE PROMISSORY NOTE

 

	__________, 2022	U.S. $1,595,000.00

 

FOR VALUE RECEIVED, China
SXT Pharmaceuticals, Inc., a British Virgin Islands corporation (“Borrower”), promises to pay to Streeterville
Capital, LLC, a Utah limited liability company, or its successors or assigns (“Lender”), $1,595,000.00 and any
interest, fees, charges, and late fees accrued hereunder on the date that is twelve (12) 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 six percent
(6%) per annum from the Purchase Price Date until the same is paid in full. All interest calculations hereunder shall be computed on the
basis of a 360-day year comprised of twelve (12) thirty (30) day months, shall compound daily and shall be payable in accordance
with the terms of this Note. This Convertible Promissory Note (this “Note”) is issued and made effective as of the
date set forth above (the “Effective Date”). This Note is issued pursuant to that certain Securities Purchase Agreement
dated December 19, 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.

 

This Note carries an OID of
$95,000.00 all of which amount is fully earned as of the Effective Date and included in the initial principal balance. In addition, Borrower
agrees to pay $20,000.00 to Lender to cover Lender’s legal fees, accounting costs, due diligence, monitoring and other transaction
costs incurred in connection with the purchase and sale of this Note (the “Transaction Expense Amount”), which amount
will be deducted from the amount funded. The purchase price for this Note shall be $1,500,000.00 (the “Purchase Price”),
computed as follows: $1,595,000.00 original principal balance, less the OID. The Purchase Price shall be payable by Lender by wire transfer
of immediately available funds.

 

1.   Payment;
Prepayment

 

1.1.   Payment.
All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), 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.

 

1.2.   Prepayment.
So long as no Event of Default (as defined below) has occurred, Borrower shall have the right, exercisable on not less than five (5) Trading
Days prior written notice to Lender to prepay the Outstanding Balance (less such portion of the Outstanding Balance for which Borrower
has received a Conversion Notice (as defined below) from Lender where the applicable Conversion Shares have not yet been delivered) of
this Note, in part or in full, in accordance with this Section 1.2. Any notice of prepayment hereunder (an “Optional Prepayment
Notice”) shall be delivered to Lender at its registered address or through email and shall state: (i) that Borrower is exercising
its right to prepay this Note, and (ii) the date of prepayment, which shall be not less than five (5) Trading Days from the date of the
Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), Borrower shall make
payment of the Optional Prepayment Amount (as defined below) to or upon the order of Lender as may be specified by Lender in writing to
Borrower. For the avoidance of doubt, Lender shall be entitled to exercise its Conversion (as defined below) rights until the Optional
Prepayment Date. If Borrower exercises its right to prepay this Note, Borrower shall make payment to Lender of an amount in cash equal
to 120% multiplied by the then Outstanding Balance of this Note being prepaid (the “Optional Prepayment Amount”). In
the event Borrower delivers the Optional Prepayment Amount to Lender prior to the Optional Prepayment Date, the Optional Prepayment Amount
shall not be deemed to have been paid to Lender until the Optional Prepayment Date. In the event Borrower delivers the Optional Prepayment
Amount without an Optional Prepayment Notice, then the Optional Prepayment Date will be deemed to be the date that is five (5) Trading
Days from the date that the Optional Prepayment Amount was delivered to Lender and Lender shall be entitled to exercise its conversion
rights set forth herein during such five (5) Trading Day period. In addition, if Borrower delivers an Optional Prepayment Notice and fails
to pay the Optional Prepayment Amount due to Lender within five (5) Trading Days following the Optional Prepayment Date, Borrower shall
forever forfeit its right to prepay this Note.

 

     

     

    

 

2.   Security.
This Note is unsecured.

 

3.   Lender
Optional Conversion.

 

3.1.   Lender
Conversions. Lender has the right at any time after the date that is ninety (90) days from the Purchase Price Date until the Outstanding
Balance has been paid in full, at its election, to convert (“Lender Conversion”) all or any portion of the Outstanding
Balance into fully paid and non-assessable ordinary shares (“Lender Conversion Shares”), $0.004 par value per share
(the “Ordinary Shares”), of Borrower as per the following conversion formula: the amount being converted (the “Conversion
Amount”) divided by the Lender Conversion Price (as defined below). Conversion notices in the form attached hereto as Exhibit
A (each, a “Lender Conversion Notice”) may be effectively delivered to Borrower by any method set forth in the
“Notices” Section of the Purchase Agreement, and all Lender Conversions shall be cashless and not require further payment
from Lender. Borrower shall deliver the Lender Conversion Shares from any Lender Conversion to Lender in accordance with Section 9
below. Any Lender Conversion Shares delivered prior to the date that is six (6) months from the Purchase Price Date must be registered
pursuant an effective registration statement.

 

3.2.   Lender
Conversion Price. Subject to adjustment as set forth in this Note, the price at which Lender has the right to convert all or any portion
of the Outstanding Balance into Ordinary Shares is $0.60 per share (the “Lender Conversion Price”).

 

4.   Trigger
Events, Defaults and Remedies.

 

4.1.   Trigger
Events. The following are trigger events under this Note (each, a “Trigger Event”): (a) Borrower fails to deliver
any Conversion Shares (as defined below) in accordance with the terms hereof; (b) Borrower fails to pay any principal, interest, fees,
charges, or any other amount when due and payable hereunder; (c) 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; (d) 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; (e) Borrower makes a general assignment for the benefit
of creditors; (f) Borrower files a petition for relief under any bankruptcy, insolvency or similar law (domestic or foreign); (g) an involuntary
bankruptcy proceeding is commenced or filed against Borrower; (h) the occurrence of a Fundamental Transaction without Lender’s prior
written consent unless this Note is paid in full in connection with such Fundamental Transaction, in which case no consent will be required;
(i) Borrower fails to observe or perform any covenant set forth in Section 4 of the Purchase Agreement (other than Section 4(vii) of the
Purchase Agreement); (j) Borrower fails to maintain the Share Reserve (as defined in the Purchase Agreement); (k) Borrower defaults or
otherwise fails to observe or perform any covenant, obligation, condition or agreement of Borrower contained herein or in any other Transaction
Document (as defined in the Purchase Agreement) in any material respect, other than those specifically set forth in this Section 4.1 and
Section 4 of the Purchase Agreement; (l) any representation, warranty or other statement made or furnished by or on behalf of Borrower
to Lender herein, in any Transaction Document, or otherwise in connection with the issuance of this Note is false, incorrect, incomplete
or misleading in any material respect when made or furnished; (m) Borrower effectuates a reverse split of its Ordinary Shares without
ten (10) Trading Days prior written notice to Lender unless the reverse split is required to maintain compliance with the minimum bid
price requirements of the principal market; (n) any money judgment, writ or similar process is entered or filed against Borrower or any
of its property or other assets for more than $500,000.00, and shall remain unvacated, unbonded or unstayed for a period of twenty (20)
calendar days unless otherwise consented to by Lender; (o) Borrower fails to be DWAC Eligible; or (p) Borrower breaches any covenant or
other term or condition contained in any Other Agreements in any material aspects.

 

    2

     

    

 

4.2.   Trigger
Event Remedies. At any time following the occurrence of any Trigger Event, Lender may, at its option, increase the Outstanding Balance
by applying the Trigger Effect (subject to the limitation set forth below).

 

4.3.   Defaults.
At any time following the occurrence of a Trigger Event, Lender may, at its option, send written notice to Borrower demanding that Borrower
cure the Trigger Event within five (5) Trading Days following the date of such written notice. If Borrower fails to cure the Trigger Event
within the required five (5) Trading Day cure period, the Trigger Event will automatically become an event of default hereunder (each,
an “Event of Default”).

 

4.4.   Default
Remedies. At any time and from time to time following the occurrence of any Event of Default, Lender may accelerate this Note by written
notice to Borrower, with the Outstanding Balance becoming immediately due and payable in cash at the Mandatory Default Amount.). Notwithstanding
the foregoing, upon the occurrence of any Trigger Event described in clauses 4.1(c) – 4.1(g), an Event of Default will be deemed
to have occurred and the Outstanding Balance as of the date of the occurrence of such Trigger Event shall become immediately and automatically
due and payable in cash at the Mandatory Default Amount, without any written notice required by Lender for the Trigger Event to become
an Event of Default.. 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 fifteen percent (15%) per annum or the maximum rate permitted under applicable law (“Default Interest”).
For the avoidance of doubt, Lender may continue making Conversions at any time following a Trigger Event or an Event of Default until
such time as the Note is paid in full. 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 4.4. No such rescission or annulment shall affect any
subsequent Trigger Event or Event of Default or impair any right consequent thereon. Nothing herein shall limit Lender’s right to
pursue any other remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive
relief with respect to Borrower’s failure to timely deliver Conversion Shares upon Conversion of the Note as required pursuant to
the terms hereof.

 

5.   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 or Conversions called for herein in accordance with the terms
of this Note.

 

6.   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.

 

    3

     

    

 

7.   Rights
Upon Issuance of Securities.

 

7.1.   Subsequent
Equity Sales. If Borrower or any subsidiary thereof, as applicable, at any time this Note is outstanding, shall sell, issue or grant
any Ordinary Shares, option to purchase Ordinary Shares, right to reprice, preferred shares convertible into Ordinary Shares, debt, warrants,
options or other instruments or securities which are convertible into or exercisable or exchangeable for Ordinary Shares to Lender or
any third party (collectively, the “Equity Securities”) other than Exempt Issuances, including without limitation any
Deemed Issuance, at an effective price per share less than the then effective Lender Conversion Price (such issuance is referred to herein
as a “Dilutive Issuance”), then, the Lender Conversion Price shall be automatically reduced and only reduced to equal
such lower effective price per share, provided that the Lender Conversion Price shall in no event be less than the Floor Price. If the
holder of any Equity Securities so issued shall at any time, whether by operation of purchase price adjustments, reset provisions, floating
conversion, exercise or exchange prices or otherwise, or due to warrants, options, or rights per share which are issued in connection
with such Dilutive Issuance, be entitled to receive Ordinary Shares at an effective price per share that is less than the Lender Conversion
Price, such issuance shall be deemed to have occurred for less than the Lender Conversion Price on the date of such Dilutive Issuance,
and the then effective Lender Conversion Price shall be reduced and only reduced to equal such lower effective price per share. Such adjustments
described above to the Lender Conversion Price shall be permanent (subject to additional adjustments under this section), and shall be
made whenever such Equity Securities are issued. Borrower shall notify Lender, in writing, no later than the Trading Day following the
issuance of any Equity Securities subject to this Section 7.1, indicating therein the applicable issuance price, or applicable reset price,
exchange price, conversion price, or other pricing terms (such notice, the “Dilutive Issuance Notice”). For purposes
of clarity, whether or not Borrower provides a Dilutive Issuance Notice pursuant to this Section 7.1, upon the occurrence of any Dilutive
Issuance, on the date of such Dilutive Issuance the Lender Conversion Price shall be lowered to equal the applicable effective price per
share regardless of whether Borrower or Lender accurately refers to such lower effective price per share in any subsequent Installment
Notice or Lender Conversion Notice.

 

7.2.   Adjustment
of Lender Conversion Price upon Subdivision or Combination of Ordinary Shares. Without limiting any provision hereof, if Borrower
at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more
classes of its outstanding Ordinary Shares into a greater number of shares, the Lender Conversion Price in effect immediately prior to
such subdivision will be proportionately reduced. Without limiting any provision hereof, if Borrower at any time on or after the Effective
Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding Ordinary Shares into a smaller
number of shares, the Lender Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment
pursuant to this Section 7.2 shall become effective immediately after the effective date of such subdivision or combination. If any event
requiring an adjustment under this Section 7.2 occurs during the period that a Redemption Conversion Price is calculated hereunder, then
the calculation of such Redemption Conversion Price shall be adjusted appropriately to reflect such event.

 

7.3.   Other
Events. In the event that Borrower (or any subsidiary) shall take any action to which the provisions hereof are not strictly applicable,
or, if applicable, would not operate to protect Lender from dilution or if any event occurs of the type contemplated by the provisions
of this Section 7 but not expressly provided for by such provisions (including, without limitation, the granting of stock appreciation
rights, phantom stock rights or other rights with equity features), then Borrower’s board of directors shall in good faith determine
and implement an appropriate adjustment in the Lender Conversion Price so as to protect the rights of Lender, provided that no such adjustment
pursuant to this Section 7.3 will increase the Lender Conversion Price as otherwise determined pursuant to this Section 7, provided
further that if Lender does not accept such adjustments as appropriately protecting its interests hereunder against such dilution, then
Borrower’s board of directors and Lender shall agree, in good faith, upon an independent investment bank of nationally recognized
standing to make such appropriate adjustments, whose determination shall be final and binding and whose fees and expenses shall be borne
by Borrower.

 

    4

     

    

 

8.   Redemptions.

 

8.1.   Redemption
Conversion Price. Subject to the adjustments set forth herein, the conversion price for each Redemption Conversion (the “Redemption
Conversion Price”) shall be the lesser of (a) the Lender Conversion Price, and (b) the Market Price.

 

8.2.   Redemptions.
Beginning on the earlier of the date that is six (6) months from the Purchase Price Date and the effective date of the first prospectus
supplement filed in connection with the Note, Lender shall have the right, exercisable at any time in its sole and absolute discretion,
to redeem all or any portion of the Note (such amount, the “Redemption Amount”), subject to the Maximum Monthly Redemption
Amount, by providing Borrower with a notice substantially in the form attached hereto as Exhibit B (each, a “Redemption
Notice”, and each date on which Lender delivers a Redemption Notice, a “Redemption Date”). For the avoidance
of doubt, Lender may submit to Borrower one (1) or more Redemption Notices in any given calendar month; provided that the aggregate Redemption
Amounts in such calendar month do not exceed the Maximum Monthly Redemption Amount. Payments of each Redemption Amount may be made (a)
in cash, or (b) by converting such Redemption Amount into Ordinary Shares (“Redemption Conversion Shares”, and together
with the Lender Conversion Shares, the “Conversion Shares”) in accordance with this Section 8.2 (each, a “Redemption
Conversion”) per the following formula: the number of Redemption Conversion Shares equals the portion of the applicable Redemption
Amount being converted divided by the Redemption Conversion Price, or (c) by any combination of the foregoing, so long as the cash is
delivered to Lender on the third (3rd) Trading Day immediately following the applicable Redemption Date and the Redemption
Conversion Shares are delivered to Lender on or before the applicable Delivery Date (as defined below). Notwithstanding the foregoing,
Borrower will not be entitled to elect a Redemption Conversion with respect to any portion of any applicable Redemption Amount and shall
be required to pay the Redemption Amount in cash, if on the applicable Redemption Date there is an Equity Conditions Failure, and such
failure is not waived in writing by Lender. Notwithstanding that failure to repay this Note in full by the Maturity Date is a Trigger
Event, the Redemption Dates shall continue after the Maturity Date pursuant to this Section 8.2 until the Outstanding Balance is
repaid in full.

 

8.3.   Allocation
of Redemption Amounts. Following its receipt of a Redemption Notice, Borrower may either ratify Lender’s proposed allocation
in the applicable Redemption Notice or elect to change the allocation by written notice to Lender by email or fax within twenty-four (24)
hours of its receipt of such Redemption Notice, so long as the sum of the cash payments and the amount of Redemption Conversions equal
the applicable Redemption Amount. If Borrower fails to notify Lender of its election to change the allocation prior to the deadline set
forth in the previous sentence, it shall be deemed to have ratified and accepted the allocation set forth in the applicable Redemption
Notice prepared by Lender. Borrower acknowledges and agrees that the amounts and calculations set forth thereon are subject to correction
or adjustment because of error, mistake, or any adjustment resulting from a Trigger Event or other adjustment permitted under the Transaction
Documents (an “Adjustment”). Furthermore, no error or mistake in the preparation of such notices, or failure to apply
any Adjustment that could have been applied prior to the preparation of a Redemption Notice may be deemed a waiver of Lender’s right
to enforce the terms of any Note, even if such error, mistake, or failure to include an Adjustment arises from Lender’s own calculation.
Borrower shall deliver the Redemption Conversion Shares from any Redemption Conversion to Lender in accordance with Section 9 below on
or before each applicable Delivery Date.

 

    5

     

    

 

9.   Method
of Conversion Share Delivery. On or before the close of business on the third (3rd) Trading Day following each Redemption
Date or the third (3rd) Trading Day following the date of delivery of a Lender Conversion Notice, as applicable (the “Delivery
Date”), Borrower shall, provided it is DWAC Eligible at such time and such Conversion Shares are eligible for delivery via DWAC,
deliver or cause its transfer agent to deliver the applicable Conversion Shares electronically via DWAC to the account designated by Lender
in the applicable Lender Conversion Notice or Redemption Notice. If Borrower is not DWAC Eligible or such Conversion Shares are not eligible
for delivery via DWAC, it shall deliver to Lender or its broker (as designated in the Lender Conversion Notice or Redemption Notice),
via reputable overnight courier, a certificate representing the number of Ordinary Shares equal to the number of Conversion Shares to
which Lender shall be entitled, registered in the name of Lender or its designee. For the avoidance of doubt, Borrower has not met its
obligation to deliver Conversion Shares by the Delivery Date unless Lender or its broker, as applicable, has actually received the certificate
representing the applicable Conversion Shares no later than the close of business on the relevant Delivery Date pursuant to the terms
set forth above.

 

10.   Conversion
Delays. If Borrower fails to deliver Conversion Shares in accordance with the timeframe stated in Section 9, Lender may at any time
prior to receiving the applicable Conversion Shares rescind in whole or in part such Conversion, with a corresponding increase to the
Outstanding Balance (any returned amount will tack back to the Purchase Price Date for purposes of determining the holding period under
Rule 144). In addition, for each Conversion, in the event that Conversion Shares are not delivered by the Delivery Date, a late fee equal
to 2% of the applicable Conversion Share Value rounded to the nearest multiple of $100.00 but with a floor of $500.00 per day (but in
any event the cumulative amount of such late fees for each Conversion shall not exceed 200% of the applicable Conversion Share Value)
will be assessed for each day after the Delivery Date until Lender Conversion Share delivery is made; and such late fees will be added
to the Outstanding Balance (such fees, the “Conversion Delay Late Fees”).

 

11.   Sales
Limitation. Lender agrees and covenants that so long as no Event of Default has occurred, it will not sell Conversion Shares or the
Redemption Conversion Shares on the open market in any given calendar week (being from Sunday to Saturday of that week) that the aggregate
amount of such Conversion Shares and the Redemption Conversion Shares exceed fifteen percent (15%) of the weekly trading volume for the
Ordinary Shares during any such week. For illustration purposes only, if the Ordinary Shares had a weekly trading volume of 10,000,000
Ordinary Shares in a given calendar week, Lender could only sell 1,500,000 Ordinary Shares during such calendar week. Borrower’s
sole and exclusive remedy in the event of the breach by Lender of the foregoing volume limitation shall be to be reduce the Outstanding
Balance by twice the amount Lender sold that exceeded the volume limitation.

 

12.   Restriction
on Equity Sales. If at any time after the date that is ninety (90) days from the Purchase Price Date, Borrower is unable to issue
Ordinary Shares to Lender as result of any lock-up or other agreement or restriction prohibiting the issuance of Ordinary Shares for a
certain period of time, then the Outstanding Balance will automatically be increased by two percent (2%) for each thirty (30) day period
that Borrower is prohibited from issuing Ordinary Shares (which increase shall be pro-rated for any partial period). For the avoidance
of doubt, such increase to the Outstanding Balance shall be in addition to all other rights and remedies available to Lender under this
Note and the other Transaction Documents and shall not be in lieu of, nor deemed to be a waiver of any other rights or remedies available
to Lender under this Note or any of the other Transaction Documents.

 

13.   Ownership
Limitation. Notwithstanding anything to the contrary contained in this Note or the other Transaction Documents, Borrower shall not
effect any conversion of this Note to the extent that after giving effect to such conversion would cause Lender (together with its affiliates)
to beneficially own a number of shares exceeding 9.99% of the number of Ordinary Shares outstanding on such date (including for such purpose
the Ordinary Shares issuable upon such issuance) (the “Maximum Percentage”). For purposes of this section, beneficial
ownership of Ordinary Shares will be determined pursuant to Section 13(d) of the 1934 Act. By written notice to Borrower, Lender may increase,
decrease or waive the Maximum Percentage as to itself but any such waiver will not be effective until the 61st day after delivery thereof.
The foregoing 61-day notice requirement is enforceable, unconditional and non-waivable and shall apply to all affiliates and assigns of
Lender.

 

    6

     

    

 

14.   Opinion
of Counsel. In the event that an opinion of counsel is needed for any matter related to this Note, Lender has the right to have any
such opinion provided by its counsel.

 

15.   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 Utah, without giving effect to any
choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdiction) that would cause the application
of the laws of any jurisdiction other than the State of Utah. The provisions set forth in the Purchase Agreement to determine the proper
venue for any disputes are incorporated herein by this reference.

 

16.   Arbitration
of Disputes. By its issuance or acceptance of this Note, each party agrees to be bound by the Arbitration Provisions (as defined in
the Purchase Agreement) set forth as an exhibit to the Purchase Agreement.

 

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

 

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

 

19.   Assignments.
Borrower may not assign this Note without the prior written consent of Lender. This Note and any Ordinary Shares issued upon conversion
of this Note may be offered, sold, assigned or transferred by Lender without the consent of Borrower.

 

20.   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.”

 

21.   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 (under Lender’s and Borrower’s expectations that any such liquidated
damages will tack back to the Purchase Price Date for purposes of determining the holding period under Rule 144).

 

22.   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]

 

    7

     

    

 

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

 

	 	BORROWER:
	 	 
	 	China SXT Pharmaceuticals, Inc.
	 	 
	 	By:	                   
	 	 	Feng Zhou, CEO

 

	ACKNOWLEDGED, ACCEPTED AND AGREED:	 
	 	 
	LENDER:	 
	 	 
	Streeterville Capital, LLC	 
	 	 
	By:	                    	 
	 	John M. Fife, President	 

 

[Signature Page to Convertible
Promissory Note]

 

     

     

    

 

ATTACHMENT 1

DEFINITIONS

 

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

 

A1. “Closing Bid
Price” and “Closing Trade Price” means the last closing bid price and last closing trade price, respectively,
for the Ordinary Shares on its principal market, as reported by Bloomberg, or, if its principal market begins to operate on an extended
hours basis and does not designate the closing bid price or the closing trade price (as the case may be) then the last bid price or last
trade price, respectively, of the Ordinary Shares prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if its principal
market is not the principal securities exchange or trading market for the Ordinary Shares, the last closing bid price or last trade price,
respectively, of the Ordinary Shares on the principal securities exchange or trading market where the Ordinary Shares is listed or traded
as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of the Ordinary
Shares in the over-the-counter market on the electronic bulletin board for the Ordinary Shares as reported by Bloomberg, or, if no closing
bid price or last trade price, respectively, is reported for the Ordinary Shares by Bloomberg, the average of the bid prices, or the ask
prices, respectively, of any market makers for the Ordinary Shares as reported by Nasdaq and any successor thereto. If the Closing Bid
Price or the Closing Trade Price cannot be calculated for the Ordinary Shares on a particular date on any of the foregoing bases, the
Closing Bid Price or the Closing Trade Price (as the case may be) of the Ordinary Shares on such date shall be the fair market value as
mutually determined by Lender and Borrower. All such determinations shall be appropriately adjusted for any stock dividend, stock split,
stock combination or other similar transaction during such period.

 

A2. “Conversion”
means a Lender Conversion under Section 3 or a Redemption Conversion under Section 8.

 

A3. “Conversion
Share Value” means the product of the number of Conversion Shares deliverable pursuant to any Conversion Notice multiplied by
the Closing Trade Price of the Ordinary Shares on the Delivery Date for such Conversion.

 

A4. “Deemed Issuance”
means an issuance of Ordinary Shares that shall be deemed to have occurred on the latest possible permitted date pursuant to the terms
hereof in the event Borrower fails to deliver Conversion Shares as and when required pursuant to Section 9 of this Note. For the avoidance
of doubt, if Borrower has elected or is deemed under Section 8.3 to have elected to pay a Redemption Amount in Redemption Conversion Shares
and fails to deliver such Redemption Conversion Shares, such failure shall be considered a Deemed Issuance hereunder even if an Equity
Conditions Failure exists at that time or other relevant date of determination.

 

A5. “DTC”
means the Depository Trust Company or any successor thereto.

 

A6. “DTC/FAST
Program” means the DTC’s Fast Automated Securities Transfer program.

 

A7. “DWAC”
means the DTC’s Deposit/Withdrawal at Custodian system.

 

A8. “DWAC Eligible”
means that (a) Borrower’s Ordinary Shares is eligible at DTC for full services pursuant to DTC’s operational arrangements,
including without limitation transfer through DTC’s DWAC system; (b) Borrower has been approved (without revocation) by DTC’s
underwriting department; (c) Borrower’s transfer agent is approved as an agent in the DTC/FAST Program; (d) the Conversion Shares
are otherwise eligible for delivery via DWAC; and (e) Borrower’s transfer agent does not have a policy prohibiting or limiting delivery
of the Conversion Shares via DWAC.

 

A9. “Equity Conditions
Failure” means that any of the following conditions has not been satisfied on any given Redemption Date: (a) with respect
to the applicable date of determination all of the Redemption Conversion Shares would be (i) registered for trading under applicable federal
and state securities laws, (ii) freely tradable under Rule 144, or (iii) without the need for registration under any applicable federal
or state securities laws (in each case, disregarding any limitation on conversion of this Note); (b) the applicable Redemption Conversion
Shares would be eligible for immediate resale by Lender; (c) no Event of Default shall have occurred; (d) the average and median
daily dollar volume of the Ordinary Share on its principal market for the previous two hundred (200) Trading Days shall be greater than
$200,000.00; and (e) the five (5) day VWAP of the Ordinary Share is greater than or equal to $0.01.

 

Attachment 1 to Convertible Promissory Note, Page 1

 

     

     

    

 

A10. “Exempt Issuance”
means (i) any conventional bank loans not involving any convertible or other security of the Company; (ii) private placements of unregistered,
restricted Ordinary Shares of the Company, not involving any investment bank with no registration rights and not eligible for voluntary
registration by the Company for a period of ninety (90) days from the Closing Date; (iii) Ordinary Shares or options issued to employees,
officers or directors of the Company pursuant to the Company’s equity incentive plan or pursuant to the compensation agreements
previously authorized by the Board of Directors; (iv) securities issued upon the exercise or exchange of or conversion of securities exercisable
or exchangeable for or convertible into ordinary shares issued and outstanding on the date of this Agreement, provided that such securities
have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange
price or conversion price of such securities (other than by virtue of this Offering or in connection with stock splits or combinations)
or to extend the term of such securities; (v) securities issued pursuant to acquisitions or strategic transactions and the payment of
contractor invoices in the ordinary course of business approved by a majority of the disinterested directors of the Company, provided
that such securities are issued as “restricted securities” (as defined in Rule 144) and carry no registration rights that
require or permit the filing of any registration statement in connection therewith during the ninety-day period following the Closing
Date and provided that any such issuance shall only be to a Person (or to the equityholders of a Person) which is, itself or through its
subsidiaries, an operating company or an owner of an asset in a business synergistic with the business of the Company and shall provide
to the Company additional benefits in addition to the investment of funds, but shall not include a transaction in which the Company is
issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing in securities.

 

A11. “Floor Price”
means $0.10.

 

A12. “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 Ordinary Shares, other than an increase in the number of authorized shares of
Borrower’s Ordinary Shares, 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.

 

A13. “Major Trigger
Event” means any Trigger Event occurring under Sections 4.1(b) – 4.1(j).

 

A14.  “Mandatory
Default Amount” means the Outstanding Balance following the application of the Trigger Effect.

 

A15. “Market Capitalization”
means a number equal to (a) the average VWAP of the Ordinary Shares for the immediately preceding fifteen (15) Trading Days, multiplied
by (b) the aggregate number of outstanding Ordinary Shares as reported on Borrower’s most recently filed Form 10-Q or Form 10-K.

 

A16. “Market Price”
means 80% multiplied by the lowest daily VWAP during the fifteen (15) Trading Days immediately preceding the applicable Redemption Conversion.

 

A17. “Maximum
Monthly Redemption Amount” means $425,000.00 per calendar month.

 

A18. “Minor Trigger
Event” means any Trigger Event that is not a Major Trigger Event.

 

A19. “OID”
means an original issue discount.

 

Attachment 1 to Convertible Promissory Note, Page 2

 

     

     

    

 

A20. “Other Agreements”
means, collectively, all existing and future agreements and instruments between, among or by Borrower (or an affiliate), on the one hand,
and Lender (or an affiliate), on the other hand.

 

A21. “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, Conversion, offset, or otherwise, plus the OID, accrued but unpaid interest, collection and enforcements
costs (including attorneys’ fees) incurred by Lender, transfer, stamp, issuance and similar taxes and fees related to Conversions,
and any other fees or charges (including without limitation Conversion Delay Late Fees) incurred under this Note.

 

A22. “Purchase
Price Date” means the date the Purchase Price is delivered by Lender to Borrower.

 

A23. “Trading
Day” means any day on which Borrower’s principal market is open for trading.

 

A24. “Trigger
Effect” means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by (a) fifteen percent
(15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then
adding the resulting product to the Outstanding Balance as of the date the applicable Trigger Event occurred, with the sum of the foregoing
then becoming the Outstanding Balance under this Note as of the date the applicable Trigger Event occurred; provided that the Trigger
Effect may only be applied three (3) times hereunder with respect to Major Trigger Events and three (3) times hereunder with respect to
Minor Trigger Events; and provided further that the Trigger Effect shall not apply to any Trigger Event pursuant to Section 4.1(a) hereof.

 

A25. “VWAP”
means the volume weighted average price of the Ordinary Shares on the principal market for a particular Trading Day or set of Trading
Days, as the case may be, as reported by Bloomberg.

 

[Remainder of page intentionally
left blank]

 

Attachment 1 to Convertible
Promissory Note, Page 3

 

     

     

    

 

EXHIBIT A

 

Streeterville Capital, LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

	China SXT Pharmaceuticals, Inc.	Date:                  

Attn: Feng Zhou

178 Taidong Road North, Taizhou

Jiangsu, China

 

LENDER CONVERSION NOTICE

 

The above-captioned Lender hereby gives notice
to China SXT Pharmaceuticals, Inc., a British Virgin Islands corporation (the “Borrower”), pursuant to that certain
Convertible Promissory Note made by Borrower in favor of Lender on ________, 2022 (the “Note”), that Lender elects
to convert the portion of the Note balance set forth below into fully paid and non-assessable Ordinary Shares of Borrower as of the date
of conversion specified below. Said conversion shall be based on the Lender Conversion Price set forth below. In the event of a conflict
between this Lender Conversion Notice and the Note, the Note shall govern, or, in the alternative, at the election of Lender in its sole
discretion, Lender may provide a new form of Lender Conversion Notice to conform to the Note. Capitalized terms used in this notice without
definition shall have the meanings given to them in the Note.

 

		A.	Date of Conversion:  ____________

		B.	Lender Conversion #:  ____________

		C.	Conversion Amount:  ____________

		D.	Lender Conversion Price: _______________

		E.	Lender Conversion Shares: _______________ (C divided by D)

		F.	Remaining Outstanding Balance of Note: ____________*

 

		*	Subject to adjustments for corrections, defaults, interest and
other adjustments permitted by the Transaction Documents (as defined in the Purchase Agreement), the terms of which shall control in
the event of any dispute between the terms of this Lender Conversion Notice and such Transaction Documents.

 

Please transfer the Lender Conversion Shares
electronically (via DWAC) to the following account:

 

	Broker:	 	 	Address:	 
	DTC#:	 	 	 	 
	Account #:	 	 	 	 
	Account Name:	 	 	 	 

 

To the extent the Lender
Conversion Shares are not able to be delivered to Lender electronically via the DWAC system, deliver all such certificated shares to Lender
via reputable overnight courier after receipt of this Lender Conversion Notice (by facsimile transmission or otherwise) to:

_____________________________________

_____________________________________

_____________________________________

 

[Signature Page Follows]

 

Exhibit A to Convertible Promissory Note, Page 1

 

     

     

    

 

Sincerely,

 

Lender: 

 

Streeterville
Capital, LLC

 

	By: 	 	 
	 	John M. Fife, President 	 

 

 

Exhibit A to Convertible Promissory Note, Page 2

 

     

     

    

 

EXHIBIT B

 

Streeterville Capital, LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

	China SXT Pharmaceuticals, Inc.	Date:                  

Attn: Feng Zhou

178 Taidong Road North, Taizhou

Jiangsu, China

 

REDEMPTION NOTICE

 

The above-captioned Lender hereby gives notice
to China SXT Pharmaceuticals, Inc., a British Virgin Islands corporation (the “Borrower”), pursuant to that certain
Convertible Promissory Note made by Borrower in favor of Lender on _________, 2022 (the “Note”), that Lender elects
to redeem a portion of the Note in Redemption Conversion Shares or in cash as set forth below. In the event of a conflict between this
Redemption Notice and the Note, the Note shall govern, or, in the alternative, at the election of Lender in its sole discretion, Lender
may provide a new form of Redemption Notice to conform to the Note. Capitalized terms used in this notice without definition shall have
the meanings given to them in the Note.

 

REDEMPTION INFORMATION 

 

		A.	Redemption Date: ____________, 202_

		B.	Redemption Amount:  ____________

		C.	Portion of Redemption Amount to be Paid in Cash: ____________

		D.	Portion of Redemption Amount to be Converted into Ordinary Shares: ____________ (B minus C)

		E.	Redemption Conversion Price: _______________ (lower of (i) Lender Conversion Price in effect and (ii)
Market Price as of Redemption Date)

		F.	Redemption Conversion Shares: _______________ (D divided by E)

		G.	Remaining Outstanding Balance of Note: ____________ *

 

		*	Subject to adjustments for corrections, defaults, interest and
other adjustments permitted by the Transaction Documents (as defined in the Purchase Agreement), the terms of which shall control in
the event of any dispute between the terms of this Redemption Notice and such Transaction Documents.

 

Please transfer the Redemption Conversion
Shares, if applicable, electronically (via DWAC) to the following account:

 

	Broker:	 	 	Address:	 
	DTC#:	 	 	 	 
	Account #:	 	 	 	 
	Account Name:	 	 	 	 

 

 

To the extent the Redemption
Conversion Shares are not able to be delivered to Lender electronically via the DWAC system, deliver all such certificated shares to Lender
via reputable overnight courier after receipt of this Redemption Notice (by facsimile transmission or otherwise) to:

_____________________________________

_____________________________________

_____________________________________

 

Exhibit B to Convertible Promissory Note, Page 1

 

     

     

    

 

Sincerely,

 

Lender:

 

Streeterville
Capital, LLC

 

	By: 	 	 
	 	John M. Fife, President

	 

 

Exhibit B to Convertible Promissory Note, Page 2Exhibit 10.4

 

December 2, 2022

 

Paul Galvin, CEO

SGB Development Corp.

5011 Gate Parkway Building 100, Suite 100

Jacksonville, FL  32256

 

	Re:	Proposal for fabrication for an approximately
800 Multifamily Market Rate Rental units, equal to approximately 800,000 SQFT of new modular buildings (the “Project”) to
be located at Magnolia Gardens, McLean Ave, Durant, OK.

 

Fabrication
Agreement (quote) 

 

Dear Mr. Galvin,

 

In accordance with your request, SG Echo, LLC
(“SG ECHO”) is pleased to submit the following Modular Building Systems Services Proposal for the above referenced project
with SGB DEVELOPMENT CORP. (“Client”). Once executed by both parties, this proposal
shall constitute an agreement between Client and SG ECHO (the “Agreement”).

 

SCOPE OF WORK

 

Client is engaging SG ECHO to procure and fabricate
Multi-family Market Rate Rental modular buildings.

 

The proposed structure(s) for this Project will
be SCOPE OF PROJECT as further described in Exhibit A 

 

SG ECHO will perform the services set forth in
Exhibit A (the “Services”) in connection with this Project with reasonable care and skill, efficiently and within
time frames as set out in and in accordance with Exhibit A, the terms of this Agreement and applicable laws. Client will provide
SG Echo with all design and engineering shall be performed by properly licensed persons or entities as required by local laws. Any change
in the details of Exhibit A shall require a written change order. Either Party may submit an amended Exhibit A to the other Party
for consideration at any time. The amended Exhibit A shall detail the requested changes to the applicable task, responsibility,
budget, timeline or other matters.

 

EXCLUSIONS

 

Only the items specifically mentioned in Exhibit
A are included under this proposal. Please see the attached Exhibit B for those services expressly excluded from
this proposal.

 

     

     

    

 

CLIENT’S RESPONSIBILITIES 

 

		●	Pay all Application Fees and Permits other
than third party inspections for the Modular buildings only.

 

		●	Any changes or delays that may be required by the city of Durant during
the visual inspection process and drawing approval and any changes requested by the Client, will affect both cost and schedule. 

 

COMPENSATION AND PAYMENT

 

Exhibit A includes a cost for the
Building and compensation for SG ECHO’s Services. This is a Quote for the fabrication of the buildings per Exhibit A. 

 

Reimbursable expenses such as printing, copying,
mailing fees, special delivery fees, travel and mileage will be charged separately based on the actual cost of expenses incurred, plus
an administrative fee equal to 15% of the actual cost of the expense. Any expenses in excess of $2,000.00 must be pre-approved
in writing by Client.

 

Unless a different payment schedule is agreed
to in Exhibit A or in a particular Purchase Order, SG ECHO will invoice for Services monthly based on the percentage of
Services completed. All billed modules shall be previously inspected and approved by third party inspector. Payment is due within fifteen
(15) days of Client’s receipt of SG ECHO’s invoice.

 

ADDITIONAL SERVICES

 

If any additional services are required or requested
by Client, SG ECHO will provide Client with separate proposals to provide such services on a lump sum fee basis or on a time and expense
basis at SG ECHO’s and its consultants and contractors then-current hourly rates plus reimbursable expenses as permitted under this
Agreement. Rates may be updated from time to time in accordance with SG ECHO’s usual rate-setting practices.

 

WARRANTY

 

Exhibit E attached Limited Building Manufacturer’s
Warranty

 

SUBCONTRACTORS AND SUBCONSULTANTS

 

Client acknowledges that SG ECHO intends to retain
certain contractors and consultants to perform certain of the services required for this project. SG Echo acknowledges that Client intends
to retain certain contractors and consultants to perform certain of the services required for this project. SG ECHO and Client shall each
be responsible for, and shall hold the other harmless from, the acts or omissions of their respective contractors and consultants.

 

    2

     

    

 

GENERAL TERMS AND CONDITIONS OF CONTRACT

 

The Agreement and each Purchase Order and Project
are subject to Client securing third party financing for the Project and to SG ECHO’s standard terms and conditions, which are attached
as Exhibit D. 

 

If the terms and conditions of this proposal
meet with your approval, please forward authorization to proceed by executing below.

 

We thank you for your time and consideration and
look forward to working with you on this project. If you have any questions or require any additional information, please feel free to
call.

 

Very truly yours,

 

	/s/ William Rogers	 	 
	William Rogers	 
	Chief Operations Officer, SG Echo	 

 

[SIGNATURE ON FOLLOWING PAGE]

 

    3

     

    

 

CLIENT AUTHORIZATION TO PROCEED:

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be executed by their duly authorized representatives, on the date and year first above written.

 

Project:

 

SGB Development
Magnolia Gardens Apartments 

 

Client: 

Paul Galvin, CEO

SGB Development Corp.

5011 Gate Parkway Building 100, Suite 100

Jacksonville, FL  32256

 

	Signature:	 /s/ Paul Galvin	 
	Printed Name: 	Paul Galvin	 
	Title: CEO	 

 

    4

     

    

 

Exhibit
A

 

Project Description & Scope of Services

 

PROJECT DESCRIPTION 

 

SG Echo will be , fabricating, delivering, setting and completing the
modular units for the described project on foundations provided by the client. 800 Multi-family Market rate rental units equal to approximately
800,000 SQFT of modular buildings. The design of the project must be approved by the Client before fabrication can be started.

 

The project will be Fabricated in Phases of 100 to 150 units per phase.
Client will determine the schedule of the phasing in its sole discretion.

 

SCOPE OF SERVICES

 

BUILDING DESIGN:

 

These specifications assume this building
to be considered “free standing,” without impact or implication from any other facilities on the existing or adjacent properties
or from insufficient fire lanes or improper setbacks.

 

Design specifications and drawings will
be approved by the client at the Conceptual phase of design, the Developmental phase of the design and the final Construction Documents.

 

Building Code Design Criteria:

 

		1.	SUBJECT BUILDING:
	 	 	 

		●	800 Multi-family Market Rate Rental units with an average apartment size
of 1,000 SQFT pet unit. The units will made up of a mix of One and Two Bedroom units. 

 

General Notes:

 

		●	For the purposes of these Specifications:
	 	 	 

		o	“by others” is defined as “not by SG Echo, its suppliers
or subcontractors.”
	 	 	 

		o	“factory” is defined as “SG Echo, its suppliers or subcontractors.”
	 	 	 

		o	3rd. Party inspections are not included
	 	 	 

		o	Pricing and Schedule subject to change as mutually agreed based on final
specs and drawings.

 

    5

     

    

 

Foundation:

 

		●	Foundation designs or calculations as required by Local, or State Codes are
by others.
	 	 	 

		●	SG Echo will provide KIP loads, load points,
and a recommended description of attachment method of building to foundations. Final connection details are to be reviewed and approved
by the clients consultants.

 

Notes:

 

		●	Appliances are Included
	 	 	 

		●	Gutters and Downspouts are Included.

 

BUILDING COST AND COMPENSATION

 

The Quote set forth below represents the Fabrication (Quote) of the
building.

 

	Line Items	Sale
	Building Fabrication, Stamps, Reviews, Inspection and buildings, SG Echo will be paid a fee of 15% of the total cost of the project.	 
	 	 
	 	 

 

TERMS

 

Client shall pay SG ECHO per the terms below to design and fabricate
the Magnolia Gardens Apartments project. This amount is due upon receipt of SG ECHO’s invoice.

 

Terms as noted are:

 

	FABRICATION:
	Down payment upon release of project for Fabrication	 	 	30	%
	Stage Payment upon completion of Fabrication / Testing / and 3P Inspection of each unit as it leaves the facility	 	 	65	%
	Final Payment upon completion of installation on site including acceptance of punchlist items, startup of equipment and City of Durant Inspection by Client	 	 	5	%
	 
Total
	 	 	100	%

 

Storage of modules at SG Echo to be $50 each per day past 30 days from
notification of completion unless otherwise approved in writing by Client and SG Echo.

 

    6

     

    

 

Notwithstanding the foregoing, Client may withhold 10%, as retainage,
from the payment otherwise due, to be reduced to 5% after field install is watertight and 2.5% after all punch list items have been complete.

 

FABRICATION SCHEDULE

 

The estimated date for State or other JHA Approval and fabrication
on the unit is slated by 60 days after documents have been completed and the estimated completion date for fabrication is estimated will
be 180 days after all regulatory approvals have been completed. The estimated dates are based on assumptions that SG Echo have signed
contract and release of funds, document submittal, and state or other JHA licensure approvals for these modules (if required). Subsequent
orders and schedules to be determined at time of order. Completion of fabrication will be driven by long lead items which can be delayed
to current supply chain issues.

 

TERMS AND ASSUMPTIONS

 

SG ECHO assumes that Client will not make “Major
or Significant” changes to the building template set forth herein. Furthermore, we assume that local, state, and federal reviewing
agencies will not require “Major or Significant” revisions to the building design. Should “Major or Significant”
revisions be required or requested by local, state, and federal reviewing agencies, invoices for additional services will be submitted
for review and acceptance by Client and time schedules shall be adjusted as mutually agreed. Fabrication and installation will proceed
once the parties reach agreement with respect to invoicing and payment concerning Major of Significant changes.

 

SG ECHO will complete all necessary applications as required for the
completion of the Services included herein. All application fees shall be paid by Client. All general printing, reproduction, and delivery
services necessary for the Services will be invoiced based on actual expenses incurred.

 

Any fees incurred from the submission of local, state, or federal permits
will be the responsibility of the Client.

 

	 	SGB Development
	 	 
	 	Signature:
	 	Name:  	Paul Galvin
	 	Title: 	CEO

 

    7

     

    

 

	SG Echo, LLC	 
	 	 
	Signature: 	 
	Name:  	William Rogers 	 
	Title: 	Chief Operations Officer 	 

 

SG Echo, LLC

 

Signature: 

Name: William Rogers 

Title: Chief Operations Officer 

 

End of Exhibit A

 

    8

     

    

 

Exhibit B

 

Exclusions

 

Only the items specifically documented in Exhibit A are
included under this proposal. This proposal does not include the following services, which may or may not be required for the project:

 

		●	Any
                                            Survey Services 
	 	 	 

		●	Department of Environmental Protection or Army Corp Permits
	 	 	 

		●	Wetland Investigation or Mitigation
	 	 	 

		●	NPDES Permit or Equivalent Permits 
	 	 	 

		●	Full Sewage Facilities Planning Module
	 	 	 

		●	Geotechnical Investigation or Report
	 	 	 

		●	Any Traffic Engineering Services
	 	 	 

		●	Off-site or onsite Utility Design
	 	 	 

		●	Electrical Conduit Design for Site Lighting which is not integral and part
of the module
	 	 	 

		●	All Application and Permit Fees
	 	 	 

		●	Zoning Variances or Modifications

 

		●	Landscape Designs

 

		●	Lighting Designs 

 

		●	Attend Any Meetings

 

		●	Retaining Wall Design 

 

SG ECHO is not responsible for Client supplied or installed items as
noted above.

 

End of Exhibit B

 

    9

     

    

 

Exhibit D

 

General Terms and Conditions of Contract

 

The following terms and conditions apply to this Agreement and each
Purchase Order issued under this Project Agreement:

 

	1.	Schedule. SG ECHO shall provide consulting, procurement, delivery,
and other services as described in SG ECHO’s proposal and as otherwise agreed to by the parties. SG ECHO shall render such
services and deliver the required reports and other deliverables in accordance with the preliminary schedule in the proposal and subsequent
schedules and adjustments thereto agreed to by the parties. In the event SG ECHO anticipates at any time that it will not reach
one or more milestones or complete one or more assignments within the prescribed timetable, SG ECHO shall promptly inform the Client and
convey proposed revisions to the schedule that reflect SG ECHO’s best estimates of what can realistically be achieved. Client shall
not unreasonably withhold approval of SG ECHO’s revisions to the schedule. SG ECHO shall be entitled to an extension of time in
the event of delays not caused by SG ECHO or its subconsultants and other causes outside of SG ECHO’s control inclusive of supply
chain, state and city approvals as possible delays.

 

	2.	Ownership of Documents. As between Client and SG ECHO, all right,
title, and interest in and to all instruments of service, programs, systems, data, or materials utilized or produced by SG ECHO in the
performance of services (“Instruments of Services”) shall remain the property of SG ECHO. All right, title, and interest in
and to any programs, systems, data, and materials furnished to SG ECHO by Client are and shall remain the property of Client. SG ECHO
grants to the Client a nonexclusive license to use the Instruments of Service solely and exclusively for purposes of constructing, using,
maintaining, altering, and adding to the particular Project for which they were developed, provided that the Client substantially performs
its obligations, including prompt payment of all sums when due, under this Agreement and the particular applicable Purchase Order. Notwithstanding
the foregoing, Client shall not use the Instruments of Services on any other project, or for any other use whatsoever without SG ECHO’s
involvement and consent. 

 

	3.	Owner Information. Client shall provide SG ECHO with information about
each Site and each Project as necessary for SG ECHO to perform its services. Client warrants that it owns (or otherwise may lawfully use)
all right, title, and interest in and to any plans, programs, systems, data, or materials furnished to SG ECHO hereunder. SG ECHO shall
be entitled to rely upon the accuracy and completeness of any information or documents provided by the Client to SG ECHO. SG ECHO shall
be entitled to an appropriate adjustment in compensation and/or an extension of time in the event of any change or errors, omissions,
or inconsistencies in such information or services provided by others.

 

	4.	Intellectual Property and Proprietary Information. SG ECHO represents
that it is the lawful owner or licensee of any software programs or other materials used by SG ECHO in the performance of the services
called for in this Agreement. Client warrants that it owns (or otherwise may lawfully use) all right, title, and interest in and to any
plans, programs, systems, data, or materials furnished to SG ECHO hereunder. Client acknowledges and agrees that SG ECHO trademarks any
and all logos or other indicia used by SG ECHO, belong exclusively to SG ECHO. Client shall not use the SG ECHO trademark or logos, or
any trademark or logo confusingly similar thereto, in any manner without the prior written consent of SG ECHO. SG ECHO shall be allowed
to publish material related to the Projects (other than Confidential Information of Client hereunder) in SG ECHO’s portfolio of
projects, website and/or marketing materials. SG ECHO will be allowed to photograph the completed Projects for inclusion in its portfolio,
website, and marketing materials. Neither party transfers to the other any intellectual property or other licenses, rights, or ownership
in or to any proprietary information or Confidential Information.

 

    10

     

    

 

	5.	Confidentiality. The parties agree that the following is deemed
                                                                                                 “Confidential Information” under this Agreement: (a) any information, documentation, technical specifications, designs,
                                                                                                 production details and other proprietary technology and information disclosed
from one party to the other in connection with the Projects and/or the Services; and (b) the system SG ECHO employs and its components
and all designs, plans, specifications, drawings, materials and documentation provided by SG ECHO hereunder (collectively, the “SG
Materials”). The receiving party, except as may otherwise be mutually agreed upon in writing; shall: (a) hold the Confidential Information
in confidence, exercising a degree of care not less than the care used by the receiving party to protect its own proprietary or confidential
information that it does not wish to disclose, which in no event shall be less than reasonable care; (b) restrict disclosure of the Confidential
Information solely to those directors, officers, employees, and/or agents/consultants with a need to know, and not disclose it to any
other person without the prior written consent of the disclosing party; (c) advise those persons to whom the Confidential Information
is disclosed of their obligations assumed herein; and (d) use the Confidential Information only for the purpose of providing the Building
and/or the Services or otherwise carrying out the receiving Party’s obligations under this Agreement. The obligations of the receiving
party specified in above shall not apply to any information or materials: (a) that were independently developed by the receiving party
or lawfully received free of restrictions from another source having the right to so furnish the same; or (b) that have become generally
available to the public without breach of this Agreement by the receiving party; or (c) which at the time of disclosure to the receiving
party were known to the receiving party to be free of restrictions as evidenced by documentation in the receiving party’s possession;
or (d) which are disclosed pursuant to the requirement of a governmental agency or any law requiring thereof, or in the course of a litigation,
proceeding, or other legal activity; provided that the receiving party provides the disclosing party with prior written notice of any
such disclosure within a reasonable time in advance so as to allow the disclosing Party to take measures to protect the disclosure of
said Information through a protective order or otherwise. Confidential Information of SG ECHO may only be used by Client in connection
with the applicable Project. Client shall not use SG ECHO Confidential Information for other projects, either directly or through a third
party, unless SG ECHO consents in writing and with appropriate compensation to SG ECHO as determined by SG ECHO at its sole and absolute
discretion. Client shall include the confidentiality provisions of this Agreement in all agreements between Client and its contractors,
subcontractors, and consultants on the Projects (if any).

 

	6.	Site. Client acknowledges that SG ECHO has not performed an exhaustive
inspection of any Sites and that there may be structural or other existing conditions at the site that are unknown to SG ECHO or otherwise
hidden, unforeseen, or unanticipated. The Client is responsible for all risks associated with unknown, hidden, unforeseen, or unanticipated
conditions at the Site. 

 

	7.	Hazardous Materials. SG ECHO shall have no responsibility for the
discovery, presence, handling, removal, or disposal of, or exposure of persons to, hazardous materials or toxic substances in any form
at the Site.

 

	8.	Approved Building Materials. All designs and specifications for each
Project shall require that work be performed utilizing only approved building materials authorized by SG ECHO.

 

	9.	Coordination. Client shall be responsible for coordinating the services
of the Client’s separate contractors and consultants and shall require such parties to cooperate with SG ECHO in the performance
of the Services. SG ECHO will coordinate its Services and the services of its subconsultants with the services provided by Client and
its separate contractors and consultants.

 

	10.	Construction Means and Methods; Safety. SG ECHO shall not be responsible
for the means, methods, techniques, sequences, or procedures of any construction work not performed by SG ECHO subcontractors; nor shall
SG ECHO be responsible for the safety precautions or programs in connection with such construction work. The means, methods, techniques,
sequences, and procedures of the construction work of other parties and the safety
precautions and programs for such work are solely the other contractors’ rights and responsibilities.

 

    11

     

    

 

		11.	Standard of Care. SG ECHO shall perform its services under this Agreement
consistent with the same skill and care ordinarily provided by similar consultants practicing in the same or similar locality and under
the same or similar circumstances.

 

		12.	Limitation of Liability. In recognition of the relative risks and
benefits of the Project to both Client and SG ECHO, the risks have been allocated such that Client agrees, to the fullest extent not prohibited
by law, to limit the liability of SG ECHO and its subconsultants, and each of their respective owners, officers, directors, employees
and insurers (“SG ECHO Parties”) for all claims, losses, awards, expenses and damages of any nature and from any cause or
causes, so that the total aggregate liability of the SG ECHO Parties for each Project shall not exceed the the total amount paid to SG
ECHO for that particular Project. This limitation of liability shall include without limitation claims of breach of contract, breach of
warranty, negligence, misrepresentation, strict liability or other tort, or otherwise.

 

		13.	Waiver of Consequential Damages. The Client and SG ECHO waive consequential
damages for claims, disputes or other matters in question arising out of or relating to this Agreement or any Purchase Order or otherwise.
This mutual waiver is applicable, without limitation, to all consequential damages due to either party’s termination of this Agreement,
or any Purchase Order, except as specifically provided in Section 17 below.

 

		14.	Indemnity. Each party shall indemnify, defend and hold harmless the
other party and its personnel, agents, assigns and owners from and against any and all claims, damages, losses and expenses (including
reasonable attorney’s fees) arising out of or resulting from: (a) errors, omissions or inaccuracies in documents or other information
provided by such party or its consultants or contractors to the other; ; (b) any claim, damage, loss or expense caused in whole or in
part by the acts or omissions of such party, its agents, Contractor, sub-contractors, consultants, employees or assigns. 

 

		15.	No Third-Party Beneficiaries. Nothing contained in this Agreement
shall create a contractual relationship with, or cause of action in favor of, a third-party against either the Client or SG ECHO. 

 

		16.	Independent Contractor. SG ECHO shall, at all times, be acting as
an independent contractor and this Agreement shall not be construed to create any partnership, joint venture or employer-employee relationship
between the Parties or their agents or employees.

 

		17.	Termination. Upon failure of the other
party to perform its obligations under this Agreement, the Client or SG ECHO may terminate this Agreement upon 30-days written notice
to the other party, subject to each party’s right to cure a default or breach, it being agreed that, except for fraud or bad faith,
all defaults or breaches hereunder shall be curable. In the event that a party believes that the other has defaulted in the performance
of its obligations hereunder, or otherwise breached this Agreement it shall promptly notify the other party in writing specifying the
alleged default or breach (“Notice of Breach), and upon receipt of such Notice of Breach the receiving party shall have 15 days
to cure the alleged default or breach. In the event of termination, SG ECHO shall cease performing all services and shall be entitled
to be paid for all services rendered through the date of termination. In the event the termination by Client is without cause i.e. without
SG Echo being in default or having materially breached the Agreement, the Client shall also pay any expenses incurred as a result of the
termination (including without limitation supplier and vendor cancellation fees, restocking fees, subcontractor termination or cancellation
fees, or other similar termination costs), plus a 15% markup as compensation for SG ECHO’s anticipated
profit on the value of services not performed by SG ECHO.

 

    12

     

    

 

		18.	Compliance with Laws. SG ECHO will perform its services under this
Agreement in accordance with applicable laws, rules, or regulations applicable to the engineering services to be provided hereunder. 

 

		19.	Disputes. The parties shall endeavor to settle disputes by mediation
in accordance with the Construction Industry Mediation Rules of the American Arbitration Association currently in effect unless the parties
mutually agree otherwise. The mediation shall take place at SG ECHO’s place of business or other location mutually agreeable to
the parties. Disputes not resolved by mediation shall be submitted to litigation. Both Parties agree that both Parties shall institute
any action arising out of or relating to this Agreement in any federal or state court of general jurisdiction in the State of New York.
Both Parties irrevocably submit and consent to the jurisdiction of any such court and waive any objection either may have to either the
jurisdiction or venue of such court. 

 

		20.	Applicable Law. The laws of the State of New York shall govern the
validity, interpretation, construction, performance, and enforcement of this Agreement, regardless of any conflict of law principals.

 

		21.	Late Payments and Collection Costs. In
the event SG ECHO has to take action against the Client to collect fees for services rendered or expenses incurred, Client will be liable
for and agrees to pay any and all reasonable attorney’s fees, actual out-of-pocket costs, expenses, and disbursements incurred in
the course of such proceedings by SG ECHO. SG ECHO reserves the right to stop work on any Project if Client fails to pay an invoice after
30 days, unless for such invoice Client has a reasonable a good faith dispute thereto (“Disputed Invoice”). SG ECHO shall
not be held responsible for Project delays due to Client’s failure to make payments as required by this Agreement unless said nonpayment
relates to a Disputed Invoice. Except for Disputed Invoices interest shall applied at a rate of 1.0% per month (12% annually) for invoices
over 30 days past due.

 

		22.	Entire Agreement. This Agreement represents the entire and integrated
agreement between the Client and SG ECHO and supersedes all prior negotiations, representations, or agreements, whether they be written
or oral, including without limitation any letter agreements or letters of intent between the parties. This Agreement may be amended or
modified only by a written instrument signed by both the Client and SG ECHO.

 

		23.	Assignment. By this Agreement, the Client and SG ECHO, respectively,
bind themselves, their partners, successors, assigns and legal representatives to the other party to this Agreement; and, to the partners,
successors, assigns and legal representatives of such other party. Neither the Client nor SG ECHO shall assign this Agreement without
the express written consent of the other party to this Agreement.

 

		24.	Severability. All provisions of this Agreement are severable, and
any which are deemed invalid or unenforceable shall be ineffective to the extent of such invalidity or unenforceability without invalidating
the remaining provisions hereof, and this Agreement shall be enforced and interpreted as if the invalid or unenforceable provisions were
not contained herein and any partially valid and enforceable provisions shall be enforced to the extend valid or enforceable.

 

		25.	Headings. Paragraph and section headings herein are used solely for
convenience and are not intended nor in any sense are to be given any weight in the construction of this Agreement.

 

		26.	No Waiver. The failure of any party hereto to exercise the rights
granted to such party under this Agreement shall not in any event constitute a waiver of any such rights.

 

		27.	Full Power. Both parties represent they have the full right and power
to enter into this Agreement and perform all obligations to be performed hereunder and to grant all rights hereunder granted without violating
the legal or equitable rights of any other person or party.

 

		28.	EXCEPT AS OTHERWISE SPECIFIED BY SG ECHO IN WRITING, SG ECHO MAKES NO WARRANTIES
WITH RESPECT TO THE BUILDING OR ITS COMPONENTS OR THE SERVICES PROCURED OR PROVIDED BY SG ECHO AND EXPLICITLY DISCLAIMS ALL OTHER WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

 

End of Exhibit D

 

    13

     

    

 

Exhibit E

 

Limited Building Manufacturer’s Warranty

 

1. Offer of Warranty: 

 

This limited warranty (“Limited Warranty”)
is made to the Original Owner and/or Final Purchaser only (being herein referred to as “Buyer”) of the new modular structure
(herein defined as “modules”) and is the exclusive statement of warranties and obligations by SG ECHO, LLC (being herein referred
to as “Seller”). This statement of warranty is for modules or structures built and located within the contiguous United States
of America only. This warranty begins as follows;

 

		●	FOB factory Paid in Full or;
	 	 	 

		●	When buyer takes possession of modules or;
	 	 	 

		●	Delivered and commissioned at project location by SG ECHO or;
	 	 	 

		●	Seller notifies Buyer of project readiness at factory when being delivered
and commissioned by 3rd party not under SG ECHO control

 

2. Seller’s Warranty: 

 

Except as otherwise noted herein or as noted under
“Exclusions from Warranty,” the Seller warrants the modules to be free from defects in materials and workmanship when properly
completed, conditioned, and maintained and within normal use and service of the building’s occupancy type. This warranty covers
only the same or equal workmanlike repair or replacement of the Seller’s installed building components, parts, or materials as necessary
due to faulty workmanship or materials.

 

    14

     

    

 

The Seller acknowledges its responsibility of making repairs within
a reasonable period of time after being properly advised by the Buyer, in writing, on the details of acceptable and justifiable deficiencies
under the terms of this warranty.

 

3. Exclusions from Warranty:

 

Seller
does not warrant and shall not be responsible for, and this Limited Warranty shall not extend to or include or be applicable to any of
the following:

  

		●	If a Building has been repaired or altered without the prior knowledge and/or
written consent of the Seller.
	 	 	 

		●	Any
loss or damage, repair, adjustment, replacement, defect, or loss caused by, related to, or resulting from misuse, abuse, neglect, vandalism,
riot, insurrection, or other civil disorders, fire, insects, accidents, explosion, falling objects, acts of God such as earthquake, flood,
lightning, or hurricane, electrical or other utility service malfunctions, and/or loading of the modules beyond any limits specified
by code or engineered designs.

 

		●	Any
defects caused or made worse by negligence, improper maintenance or other action by Buyer or anyone else other than Seller or Seller’s
employees, agents, and contractors.

 

		●	Parts,
accessories, or items furnished by the Buyer for installation on the subject modules and/or the results of such items as may be caused
by proper, or improper, installation.

 

		●	Any
items or services that are part of the routine preparation and maintenance of the modules (i.e., changing of air filters, cleaning of
surfaces, waxing of floors, etc.)

 

		●	Electrical,
plumbing, or mechanical connections, devices, wiring, or systems and components installed in or on the subject Building by persons other
than Seller.

 

		●	“Normal
wear and tear” items such as painted surfaces, light bulbs, door and/or hardware adjustments, etc.

 

		●	Any
or all work completed at the site or to modules, by others, whether under the control of the Seller or not.

 

		●	Installation
of any and all shipped loose items, site installed by others, whether supplied by Seller or not.

 

		●	Any
work or labor performed and/or any materials added, installed, repaired, and/or replaced by others, not authorized, in writing, by Seller.

 

		●	Loss or damage which the Buyer has not taken timely action to minimize.
	 	 	 

		●	Loss
or damage caused by or resulting from soil movement, expansion, or contraction of soil; or sinking or shifting of soil not disturbed
by Seller

 

		●	Loss
or damage caused by or resulting from insects; accidents, riot and civil commotion, fire, explosion, smoke, water escape, falling objects,
aircraft, vehicles, acts of God, lightning, wind-driven water, floods, hail, wind, electrical or other utility service malfunctions,
and changes in the underground water table or hydrostatic pressure from underground water; seepage of water.

 

		●	Service
work resulting from movement of grade or owner installed foundations.

 

		●	Any
damage, repair, adjustment, replacement, defect, or loss caused by, related to, or resulting from the discovery of a building’s
improper wind or snow load designs or resulting from the buyer’s incorrect statement of the modules location or address to the
Seller.

 

		●	Any
material misrepresentation made by Buyer to Seller, or its agents, in connection with a warranty claim.

 

4. Additional Warranties:

 

Special packaged systems (i.e., HVAC units,
water heaters, etc.), equipment (i.e., breakers, lights, emergency lights, etc.) and/or materials (i.e., roofing, siding, etc.)
included with the modules may also carry exclusive warranties issued by their respective manufacturers and take precedence over this
warranty i.e., Buyer shall only seek recourse from the respective manufacturers for such claims. Some items may require exchange
and/or returns to the original manufacturer, in which case, delivery and handling is only covered to the extent of the original
equipment manufacturer’s warranty and is not made part of this warranty offered by Seller.
To confirm if special packaged systems, equipment, or materials carry any additional warranties, please reference buyer approved
shop drawings and cutsheets.

 

    15

     

    

 

5. Duration of Warranty: 

 

This warranty shall expire
twelve (12) months from the date of the issuance of the certificate of occupancy for each such module

 

6. Buyers Remedy: 

 

Buyer’s exclusive and only remedy under this
warranty shall be only with the Seller and at the Seller’s option, to be limited solely to either of the following:

 

		●	The repairing and/or replacing of a justified factory manufactured defective
condition, with same or equal materials, workmanship, and/or equipment, using only Seller’s authorized labor, or,
	 	 	 

		●	The Seller may, at its sole discretion, offer an appropriate allowance, not
to exceed the value of using its own work forces and/or materials to have the repair or replacement, if any, made by others, or,
	 	 	 

		●	Upon receipt of a written 3rd party estimate from Buyer, and after
careful review from the Seller, may authorize release of a purchase order to the Buyer to have the work and/or materials corrected. 

 

Unless otherwise agreed in writing between Seller
and Buyer, repairs under this warranty shall only be made within the State for which the Seller obtained approval for the subject modules.

 

UNAUTHORZED WARRANTY CLAIMS, MONETARY WITHHOLDINGS
(Retainage), NON-PAYMENT OF OUTSTANDING CHANGE ORDERS, AND/OR CHARGE BACKS BY THE BUYER OR ITS AGENTS, WILL NOT BE HONORED BY SG ECHO,
LLC. AND ARE UNACCEPTABLE TERMS OF WARRANTY OR SALE. In the event such actions are invoked by the Buyer, the Seller reserves the right
to cancel this “Offer of Warranty,” in whole or in part, by written notification to the Buyer.

 

7. Buyer’s Duties:

 

Buyer shall give prompt written
notice of any defects in materials or workmanship to Seller with sufficient detail to permit Seller to perform its obligations under
this warranty. The Seller must be given the ability to mobilize to perform any corrective action items within ten (10) working days after
written notice is delivered and any such notice given to Seller shall act as authorization for Seller to make such repairs in accordance
with the terms hereof. If defects are caused by someone other than Seller and are not covered under this warranty, Buyer agrees to pay
Seller for actual cost incurred to make said repairs.

 

If local trades, unions, or regulations prevent
the Seller’s employees, contractors, and/or labor forces from making the needed repairs, then the Buyer shall bear the costs associated
for the Seller’s employees, subcontractors or agents to gain access to the repair site, or the Seller, at its option, may authorize
the Buyer to make the repairs itself, at a price that would not exceed the Seller’s cost of performing the work utilizing its own
employees, subcontractors or agents, and material costs.

 

    16

     

    

 

8. Disclaimer: 

 

THE FOREGOING WARRANTY IS
EXCLUSIVE AND IS GIVEN AND ACCEPTED IN LIEU OF (i) ANY AND ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING WITHOUT LIMITATION THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE; AND (ii) ANY OBLIGATION, LIABILITY, RIGHT, CLAIM, OR REMEDY
IN CONTRACT OR TORT, WHETHER OR NOT ARISING FROM SELLER’S NEGLIGENCE, ACTUAL OR IMPUTED. THE REMEDIES OF BUYER SHALL BE THOSE PROVIDED
HEREIN TO THE EXCLUSION OF ANY AND ALL OTHER REMEDIES. UNDER NO CIRCUMSTANCES SHALL SELLER BE LIABLE FOR ANY LOSS, DIRECT, INDIRECT, INCIDENTAL,
FORESEEN, UNFORESEEN, SPECIAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OR OCCUPATION OF THE BUILDING(S).

 

NO AGREEMENT MODIFYING, VARYING OR EXTENDING THE
FOREGOING WARRANTY, REMEDIES, OR THIS LIMITATION SHALL BE BINDING UPON SELLER UNLESS IN WRITING, SIGNED BY A DULY AUTHORIZED OFFICIER
OF SELLER.

 

9. Governing Law: 

 

This warranty and the rights and duties of the
parties under this warranty shall be governed by the laws of the state of Oklahoma.

 

10. Notice of Claims: 

 

If the Buyer has a justifiable claim under this
Limited Warranty, it is the Buyer’s responsibility to give prompt written notice to SG Echo, LLC within the Warranty Period at the
address specified below:

 

 

 

SG ECHO, LLC.

2917 Big Lots Parkway

Durant, OK 74701 580-380-4708

 

End of Exhibit E

 

 

17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]