Document:

Exhibit 10.19

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT
(the “Agreement”), dated as of August 23, 2019, by and between UBID HOLDINGS, INC, a Delaware corporation, with
its address at Lakeside Corporate Court, 5880 Live Oak Parkway, Suite 100, Norcross, Georgia 30093 (the “Company”),
and GENEVA ROTH REMARK HOLDINGS, INC., a New York corporation, with its address at 111 Great Neck Road, Suite 216, Great
Neck, NY 11021 (the “Buyer”).

 

WHEREAS:

 

A.       The
Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under
the Securities Act of 1933, as amended (the “1933 Act”); and

 

B.       Buyer
desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement a convertible
note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of $168,300.00 (inclusive of
Original Issue Discount of $15,300.00)(together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise
with respect thereto in accordance with the terms thereof, the “Note”), convertible into shares of common stock, $0.001
par value per share, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions
set forth in such Note; and a Warrant to purchase Common Stock of the Company in favor of Buyer exercisable into 3,366,000 shares
of Common Stock (the “Warrant”).

 

NOW THEREFORE, the Company and the
Buyer severally (and not jointly) hereby agree as follows:

 

1.             Purchase
and Sale of Note.

 

a.       Purchase
of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase
from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages
hereto.

 

b.       Form
of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and
sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds
to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal
amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto (and
the Warrant), and (ii) the Company shall deliver such duly executed Note on behalf of the Company (and the Warrant), to the Buyer,
against delivery of such Purchase Price.

 

c.       Closing
Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below,
the date and time of the issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be 12:00
noon, Eastern Standard Time on or about August 30, 2019, or such other mutually agreed upon time. The closing of the transactions
contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to
by the parties.

 

    	 		 

     

    

 

2.            Buyer’s
Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.       Investment
Purpose. As of the date hereof, the Buyer is purchasing the Note, the Warrant and the shares of Common Stock issuable upon
conversion of or otherwise pursuant to the Note and/or Warrant (such shares of Common Stock being collectively referred to herein
as the “Conversion Shares” and, collectively with the Note and the Warrant, the “Securities”) for its own
account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted
from registration under the 1933 Act.

 

b.       Accredited
Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D (an
“Accredited Investor”).

 

c.       Reliance
on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying upon the
truth and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and
understandings of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the
Buyer to acquire the Securities.

 

d.       Information.
The Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information unless such
information is disclosed to the public prior to or promptly following such disclosure to the Buyer.

 

e.       Legends.
The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act; or may
be sold pursuant to an applicable exemption from registration, the Conversion Shares may bear a restrictive legend in substantially
the following form:

 

"THE SECURITIES REPRESENTED
BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER
ANY STATE SECURITIES LAWS, AND MAY NOT BE PLEDGED, SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION
STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR (2) THE ISSUER
OF SUCH SECURITIES RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE REASONABLY ACCEPTABLE
TO THE ISSUER’S TRANSFER AGENT, THAT SUCH SECURITIES MAY BE PLEDGED, SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS."

 

The legend set forth
above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it
is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an
effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to an exemption from registration without
any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides
the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions,
to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion
shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those
represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements,
if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer
of Securities pursuant to an exemption from registration, such as Rule 144, at the Deadline, it will be considered an Event of
Default pursuant to Section 3.2 of the Note.

 

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f.       Authorization;
Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf
of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

3.            Representations
and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.       Organization
and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate
and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted. “Subsidiaries” means any corporation or other organization, whether incorporated or unincorporated,
in which the Company owns, directly or indirectly, any equity or other ownership interest.

 

b.       Authorization;
Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the
Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms
hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the
transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation
for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company’s
Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required,
(iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized
representative is the true and official representative with authority to sign this Agreement and the other documents executed in
connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the
Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms.

 

c.       Capitalization.
As of the date hereof, the authorized common stock of the Company consists of 750,000,000 authorized shares of Common Stock, $0.001
par value per share, of which 446,856,939 shares are issued and outstanding; and 26,886,186 shares are reserved for issuance upon
conversion of the Note. All of such outstanding shares of capital stock are, or upon issuance will be, duly authorized, validly
issued, fully paid and non-assessable. .

 

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d.       Issuance
of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note and the Warrant
in accordance with their respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens,
claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights
of shareholders of the Company and will not impose personal liability upon the holder thereof.

 

e.       No
Conflicts. The execution, delivery and performance of this Agreement, the Note, the Warrant by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation
for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate
of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default
(or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company
or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self- regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company
or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). The businesses of
the Company and its Subsidiaries, if any, are not being conducted, and shall not be conducted so long as the Buyer owns any of
the Securities, in violation of any law, ordinance or regulation of any governmental entity. “Material Adverse Effect”
means any material adverse effect on the business, operations, assets, financial condition or prospects of the Company or its Subsidiaries,
if any, taken as a whole, or on the transactions contemplated hereby or by the agreements or instruments to be entered into in
connection herewith.

 

f.       SEC
Documents; Financial Statements. The Company has filed all reports, schedules, forms, statements and other documents required
to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “1934
Act”) (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and
schedules thereto and documents (other than exhibits to such documents) incorporated by reference therein, being hereinafter referred
to herein as the “SEC Documents”). Upon written request the Company will deliver to the Buyer true and complete copies
of the SEC Documents, except for such exhibits and incorporated documents. As of their respective dates or if amended, as of the
dates of the amendments, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules
and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they
were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.
None of the statements made in any such SEC Documents is, or has been, required to be amended or updated under applicable law (except
for such statements as have been amended or updated in subsequent filings prior the date hereof). As of their respective dates
or if amended, as of the dates of the amendments, the financial statements of the Company included in the SEC Documents complied
as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC
with respect thereto. Such financial statements have been prepared in accordance with United States generally accepted accounting
principles, consistently applied, during the periods involved and fairly present in all material respects the consolidated financial
position of the Company and its consolidated Subsidiaries as of the dates thereof and the consolidated results of their operations
and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments).
The Company is subject to the reporting requirements of the 1934 Act.

 

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g.       Absence
of Certain Changes. Since March 31, 2019, except as set forth in the SEC Documents, there has been no material adverse change
and no material adverse development in the assets, liabilities, business, properties, operations, financial condition, results
of operations, prospects or 1934 Act reporting status of the Company or any of its Subsidiaries.

 

h.       Absence
of Litigation. Except as set forth in the SEC Documents, there is no action, suit, claim, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the
Company or any of its Subsidiaries, threatened against or affecting the Company or any of its Subsidiaries, or their officers or
directors in their capacity as such, that could have a Material Adverse Effect. The Company and its Subsidiaries are unaware of
any facts or circumstances which might give rise to any of the foregoing.

 

i.       No
Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would
require registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities to the Buyer
will not be integrated with any other issuance of the Company’s securities (past, current or future) for purposes of any
shareholder approval provisions applicable to the Company or its securities.

 

j.       No
Brokers. The Company has taken no action which would give rise to any claim by any person for brokerage commissions, transaction
fees or similar payments relating to this Agreement or the transactions contemplated hereby.

 

k.       No
Investment Company. The Company is not, and upon the issuance and sale of the Securities as contemplated by this Agreement
will not be an “investment company” required to be registered under the Investment Company Act of 1940 (an “Investment
Company”). The Company is not controlled by an Investment Company.

 

l.       Breach
of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth
in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered
an Event of default under Section 3.4 of the Note.

 

4.            COVENANTS.

 

a.       Best
Efforts. The Company shall use its best efforts to satisfy timely each of the conditions described in Section 7 of this Agreement.

 

b.       Form
D; Blue Sky Laws. The Company agrees to timely make any filings required by federal and state laws as a result of the closing
of the transactions contemplated by this Agreement.

 

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c.       Use
of Proceeds. The Company shall use the proceeds for general working capital purposes.

 

d.       Corporate
Existence. So long as the Buyer beneficially owns any Note and/or the Warrant, the Company shall maintain its corporate existence
and shall not sell all or substantially all of the Company’s assets, except with the prior written consent of the Buyer.

 

e.       Breach
of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies
available to the Buyer pursuant to this Agreement, it will be considered an event of default under Section 3.4 of the Note.

 

f.       Failure
to Comply with the 1934 Act. So long as the Buyer beneficially owns the Note and/or the Warrant, the Company shall comply with
the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934
Act.

 

5.            Transfer
Agent Instructions. The Company shall issue irrevocable instructions to its transfer agent to issue certificates, registered
in the name of the Buyer or its nominee, for the Conversion Shares in such amounts as specified from time to time by the Buyer
to the Company upon conversion of the Note (and the Warrant) in accordance with the terms thereof (the “Irrevocable Transfer
Agent Instructions”). In the event that the Company proposes to replace its transfer agent, the Company shall provide, prior
to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
pursuant to this Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved
Amount as such term is defined in the Note) signed by the successor transfer agent to Company and the Company. Prior to registration
of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be sold pursuant to an exemption from
registration, all such certificates shall bear the restrictive legend specified in Section 2(e) of this Agreement. The Company
warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section 5, will be
given by the Company to its transfer agent and that the Securities shall otherwise be freely transferable on the books and records
of the Company as and to the extent provided in this Agreement, the Warrant and the Note; (ii) it will not direct its transfer
agent not to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)(electronically or in certificated
form) any certificate for Conversion Shares to be issued to the Buyer upon conversion of or otherwise pursuant to the Note as and
when required by the Note and this Agreement; and (iii) it will not fail to remove (or direct its transfer agent not to remove
or impair, delay, and/or hinder its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions
in respect thereof) on any certificate for any Conversion Shares issued to the Buyer upon conversion of or otherwise pursuant to
the Note (and the Warrant) as and when required by the Note, the Warrant and/or this Agreement. If the Buyer provides the Company
and the Company’s transfer agent, at the cost of the Buyer, with an opinion of counsel in form, substance and scope customary
for opinions in comparable transactions, to the effect that a public sale or transfer of such Securities may be made without registration
under the 1933 Act, the Company shall permit the transfer, and, in the case of the Conversion Shares, promptly instruct its transfer
agent to issue one or more certificates, free from restrictive legend, in such name and in such denominations as specified by the
Buyer. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer, by vitiating
the intent and purpose of the transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Section 5 may be inadequate and agrees, in the event of a breach or threatened breach by
the Company of the provisions of this Section, that the Buyer shall be entitled, in addition to all other available remedies, to
an injunction restraining any breach and requiring immediate transfer, without the necessity of showing economic loss and without
any bond or other security being required.

 

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6.            Conditions
to the Company’s Obligation to Sell. The obligation of the Company hereunder to issue and sell the Note to the Buyer
at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions thereto, provided
that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion:

 

a.       The
Buyer shall have executed this Agreement and delivered the same to the Company.

 

b.       The
Buyer shall have delivered the Purchase Price in accordance with Section 1(b) above.

 

c.       The
representations and warranties of the Buyer shall be true and correct in all material respects as of the date when made and as
of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and
the Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement to be performed, satisfied or complied with by the Buyer at or prior to the Closing Date.

 

d.       No
litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

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7.            Conditions
to The Buyer’s Obligation to Purchase. The obligation of the Buyer hereunder to purchase the Note at the Closing is subject
to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for
the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

 

a.       The
Company shall have executed this Agreement and delivered the

same to the Buyer.

 

b.       The
Company shall have delivered to the Buyer the duly executed Note (in such denominations as the Buyer shall request) and the Warrant
in accordance with Section 1(b) above.

 

c.       The
Irrevocable Transfer Agent Instructions, in form and substance satisfactory to the Buyer, shall have been delivered to and acknowledged
in writing by the Company’s Transfer Agent.

 

d.       The
representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as
of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date) and
the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Buyer
shall have received a certificate or certificates, executed by the chief executive officer of the Company, dated as of the Closing
Date, to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer including, but not limited
to certificates with respect to the Board of Directors’ resolutions relating to the transactions contemplated hereby.

 

e.       No
litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

f.       No
event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but not
limited to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934 Act
reporting obligations.

 

g.       The
Buyer shall have received an officer’s certificate described in Section 3(d) above, dated as of the Closing Date.

 

h.       The
Company shall register not less than three (3) times the shares of Common Stock into which: (i) the unpaid principal and accrued
interest of the Note is convertible; and (ii) the Warrant is exercisable with the Securities and Exchange Commission (“SEC”)
pursuant to a registration statement which has been declared effective with the SEC for the Buyer (the result of which shall be
that the conversion of the Note and exercise of the Warrant will result in the issuance of shares of Common Stock registered pursuant
to the Securities Act of 1933, as amended). The Company shall continuously maintain the effectiveness of the registration statement
for a period of twelve (12) months after the issue date of the Note and Warrant.

 

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8.            Governing
Law; Miscellaneous.

 

a.       Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard
to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county
of Nassau. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted
hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The
Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's
fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement, the Note or any related document or agreement by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement
and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

b.       Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party.

 

c.       Headings.
The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of,
this Agreement.

 

d.       Severability.
In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

 

e.       Entire
Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company
nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f.       Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be as set forth in the heading of this Agreement with a copy by fax only to (which
copy shall not constitute notice) to Naidich Wurman LLP, 111 Great Neck Road, Suite 214, Great Neck, NY 11021, Attn: Allison Naidich,
facsimile: 516-466-3555, e-mail: allison@nwlaw.com. Each party shall provide notice to the other party of any change in
address.

 

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g.       Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.
Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any person that purchases Securities
in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act,
without the consent of the Company.

 

h.       Survival.
The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the
closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to
indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result
of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth
in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

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

 

j.       No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

k.       Remedies.
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by
the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

 

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IN WITNESS WHEREOF, the undersigned Buyer and the Company have
caused this Agreement to be duly executed as of the date first above written.

 

	UBID HOLDINGS, INC	 
	 	 	 
	By:	/s/ Ketan Thakker	 
	 	Ketan Thakker	 
	 	Chief Executive Officer	 

 

	GENEVA ROTH REMARK HOLDINGS, INC.	 
	By:	/s/ Curt Kramer	 
	Name: 	Curt Kramer	 
	Title:	Chief Executive Officer	 

	111 Great Neck Road, Suite 216	 	 
	Great Neck, NY 11021	 	 

 

	AGGREGATE SUBSCRIPTION AMOUNT:	 	 	 
	Aggregate Principal Amount of Note:	 	$	168,300.00	 
	Original Issue Discount:	 	$	15,300.00	 
	Aggregate Purchase Price:	 	$	153,000.00	 
	Warrants:	 	 	3,366,000 shares	 

 

    	 	12Exhibit 10.20

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive Employment
Agreement (this “Agreement”) is made as of the 29th day of March 2019 by and between Incumaker, Inc., a
Delaware corporation (the “Company”), and Ketan Thakker, a natural person, residing in the State of Georgia (“Executive”).

 

WHEREAS, the Company wishes
to employ Executive as its President and Chief Executive Officer (“CEO”) of the Company and Executive wishes to accept
such employment;

 

WHEREAS, the Company and
Executive wish to set forth the terms of Executive’s employment and certain additional agreements between Executive and the
Company.

 

NOW, THEREFORE, in consideration
of the foregoing recitals and the representations, covenants and terms contained herein, the parties hereto agree as follows:

 

1.          Employment
Period

 

The Company will employ Executive,
and Executive will serve the Company, under the terms of this Agreement commencing March 29, 2019 (the “Commencement Date”)
for a term of five (5) years unless earlier terminated under Section 4 hereof. The period of time between the commencement and
the termination of Executive’s employment hereunder shall be referred to herein as the “Employment Period.”

 

2.          Duties
and Status

 

The Company hereby engages
Executive as its President and CEO on the terms and conditions set forth in this Agreement including the terms and conditions of
the Employee Proprietary Information, Inventions, and Non-Competition Agreement attached hereto as Exhibit A and incorporated
herein (the “Non-Disclosure Agreement”). Executive agrees to devote the Executive’s entire business time, attention
and energies to the business and interests of the Company during the Employment Period. During the Employment Period, Executive
shall report directly to the Board of Directors (the “Board”) and shall exercise such authority, perform
such executive functions and discharge such responsibilities as are reasonably associated with Executive’s position, commensurate
with the authority vested in Executive pursuant to this Agreement and consistent with the governing documents of the Company.

 

     

     

    

 

3.          Compensation
and Benefits

 

(a)          Salary.
During the Employment Period, the Company shall pay to Executive, as compensation for the performance of his duties and obligations
under this Agreement, a base salary of $200,000 per annum, payable semi-monthly, which base salary shall commence when the Board
determines that it has sufficient cash to commence such salary payments.

 

(b)          Bonus.
During the Employment Period, Executive shall be eligible for a bonus to be paid in cash, stock or both on terms that shall be
mutually acceptable to the Board and Executive to meet mutually agreed to performance goals.

 

(c)          Options.
Upon execution of this Agreement, Executive shall also be entitled to receive restricted stock and stock options under the Company’s
2019 Stock Incentive Plan to acquire shares of the Company’s common stock at the discretion of the Board.

 

(d)          Other
Benefits. During the Employment Period, Executive shall be entitled to participate in all of the employee benefit plans, programs
and arrangements of the Company in effect during the Employment Period which are generally available to senior executives of the
Company, subject to and on a basis consistent with the terms, conditions and overall administration of such plans, programs and
arrangements. In addition, during the Employment Period, Executive shall be entitled to fringe benefits and perquisites comparable
to those of other senior executives of the Company including, but not limited to, standard holidays, twenty (20) days of vacation
pay plus five (5) sick/personal days, to be used in accordance with the Company’s vacation pay policy for senior executives.

 

(e)          Business
Expenses. During the Employment Period, the Company shall promptly reimburse Executive for all appropriately documented, reasonable
business expenses incurred by Executive in the performance of his duties under this Agreement, including telecommunications expenses
and travel expenses.

 

4.          Termination
of Employment

 

(a)          Termination
for Cause. The Company may terminate Executive’s employment hereunder for Cause (defined below). For purposes of this
Agreement and subject to Executive’s opportunity to cure as provided in Section 4(c) hereof, the Company shall have Cause
to terminate Executive’s employment hereunder if such termination shall be the result of:

 

		(i)	a material breach of fiduciary duty or material breach of the terms of this Agreement or any other
agreement between Executive and the Company (including without limitation any agreements regarding confidentiality, inventions
assignment and non-competition) which remains uncured for a period of fifteen (15) days following receipt of written notice from
the Board specifying the nature of such breach;

 

    	 	-2-	 

     

    

 

		(ii)	the commission by Executive of any act of embezzlement, fraud, larceny or theft on or from the
Company;

 

		(iii)	substantial and continuing neglect or inattention by Executive of the duties of his employment
or the willful misconduct or gross negligence of Executive in connection with the performance of such duties which remains uncured
for a period of fifteen (15) days following receipt of written notice from the Board specifying the nature of such breach;

 

		(iv)	the commission and indictment by Executive of any crime involving moral turpitude or a felony;
and

 

		(v)	Executive’s performance or omission of any act which becomes known to any of the customers,
clients, stockholders or regulators of the Company, and, as found by the Board, threatens to have or has a material and adverse
impact on the business of the Company.

 

(b)          Termination
for Good Reason. Executive shall have the right at any time to terminate his employment with the Company upon not less than
thirty (30) days prior written notice of termination for Good Reason (defined below). For purposes of this Agreement and subject
to the Company’s opportunity to cure as provided in Section 4(c) hereof, Executive shall have Good Reason to terminate his
employment hereunder if such termination shall be the result of:

 

		(i)	the Company’s material breach of this Agreement;

 

		(ii)	A requirement by the Company that Executive perform any
act or refrain from performing any act that would be in violation of any applicable law;

 

		(iii)	A material and substantial reduction of the Employee’s
responsibilities that is inconsistent with the Employee’s status as a senior executive of the Company, but in each case
subject to the limitations on the Employee's rights and responsibilities set forth in Section 2; or

 

		(iv)	A requirement that Executive relocate his permanent residence
more than thirty (30) miles from his current address.

 

    	 	-3-	 

     

    

 

(c)          Voluntary
Termination. Executive, at his election, may terminate his employment upon not less than sixty (60) days prior written notice
of termination other than for Good Reason.

 

(d)          Termination
Upon Death or Permanent and Total Disability. The Employment Period shall be terminated by the death of Executive. The Employment
Period may be terminated by the Board if Executive shall be rendered incapable of performing his duties to the Company by reason
of any medically determined physical or mental impairment that can be reasonably expected to result in death or that can be reasonably
be expected to last for a period of either (i) six (6) or more consecutive months from the first date of Executive’s absence
due to the disability or (ii) nine (9) months during any twelve (12)-month period (a “Permanent and Total Disability”).
If the Employment Period is terminated by reason of a Permanent and Total Disability of Executive, the Company shall give thirty
(30) days’ advance written notice to that effect to Executive.

 

(e)          Termination
at the Election of the Company. At the election of the Company, otherwise than for Cause as set forth in Section 4(a)
above, upon not less than sixty (60) days prior written notice of termination.

 

(f)          Termination
for Business Failure. Anything contained herein to the contrary notwithstanding, in the event the Company’s business
is discontinued because continuation is rendered impracticable by substantial financial losses, lack of funding, legal decisions,
administrative rulings, declaration of war, dissolution, national or local economic depression or crisis or any reasons beyond
the control of the Company, then this Agreement shall terminate as of the day the Company determines to cease operation with the
same force and effect as if such day of the month were originally set as the termination date hereof. In the event this Agreement
is terminated pursuant to this Section 4(g), the Executive will not be entitled to severance pay.

 

5.          Consequences
of Termination

 

		(a)	By Executive for Good Reason or the Company Without
Cause. In the event of a termination of Executive’s employment during the Employment Period by Executive for Good Reason
pursuant to Section 4(b) or the Company without Cause pursuant to Section 4 (e), the Company shall pay Executive (or his estate)
and provide him with the following, provided that Executive enter into a release of claims agreement agreeable to the Company
and Executive:

 

    	 	-4-	 

     

    

 

		(i)	Cash Payment. A cash payment, payable in equal
installments over a six (6) month period after Executive’s termination of employment (the “Severance Period”),
equal to the sum of the following:

 

		(A)	Salary. The equivalent of the greater of (i) twelve
(12) months of Executive’s then-current base salary or (ii) the remainder of the term of this Agreement.

 

		(B)	Earned but Unpaid Amounts. Any previously earned
but unpaid salary through Executive’s final date of employment with the Company, and any previously earned but unpaid bonus
amounts prior to the date of Executive’s termination of employment.

 

		(C)	Equity. All Equity vested at time of termination
shall be retained by Executive and all Equity that has not vested shall be accelerated and be deemed vested for purposes of this
Section 5.

 

		(ii)	Other Benefits. The Company shall provide continued
coverage for the remainder of the Severance Period under all health, life, disability and similar employee benefit plans and programs
of the Company on the same basis as Executive was entitled to participate immediately prior to such termination, provided that
Executive’s continued participation is possible under the general terms and provisions of such plans and programs. In the
event that Executive’s participation in any such plan or program is barred, the Company shall use its commercially reasonable
efforts to provide Executive with benefits substantially similar (including all tax effects) to those which Executive would otherwise
have been entitled to receive under such plans and programs from which his continued participation is barred. In the event that
Executive is covered under substitute benefit plans of another employer prior to the expiration of the Severance Period, the Company
will no longer be obligated to continue the coverages provided for in this Section 5(a)(ii).

 

		(b)	Other Termination of Employment. In the event
that Executive’s employment with the Company is terminated during the Employment Period by the Company for Cause (as provided
for in Section 4(a) hereof) or by Executive other than for Good Reason (as provided for in Section 4(b) hereof), the Company shall
pay or grant Executive any earned but unpaid salary, bonus, and Options through Executive’s final date of employment with
the Company, and the Company shall have no further obligations to Executive.

 

    	 	-5-	 

     

    

 

		(c)	Withholding of Taxes. All payments required to
be made by the Company to Executive under this Agreement shall be subject only to the withholding of such amounts, if any, relating
to tax, excise tax and other payroll deductions as may be required by law or regulation.

 

		(d)	No Other Obligations. The benefits payable to
Executive under this Agreement are not in lieu of any benefits payable under any employee benefit plan, program or arrangement
of the Company, except as specifically provided herein, and Executive will receive such benefits or payments, if any, as he may
be entitled to receive pursuant to the terms of such plans, programs and arrangements. Except for the obligations of the Company
provided by the foregoing and this Section 5, the Company shall have no further obligations to Executive upon his termination
of employment.

 

		(e)	Mitigation or Offset. Executive shall not be required
to mitigate the damages provided by this Section 5 by seeking substitute employment or otherwise and there shall not be an offset
of the payments or benefits set forth in this Section 5.

 

6.          Governing
Law 

 

This Agreement and the rights
and obligations of the parties hereto shall be construed in accordance with the laws of the State of Delaware, without giving effect
to the principles of conflict of laws.

 

7.          Indemnity
and Insurance

 

The Company shall indemnify
and save harmless Executive for any liability incurred by reason of any act or omission performed by Executive while acting in
good faith on behalf of the Company and within the scope of the authority of Executive pursuant to this Agreement and to the fullest
extent provided under the Bylaws, the Certificate of Incorporation and the Delaware General Corporation Law except that Executive
must have in good faith believed that such action was in, or not opposed to, the best interests of the Company, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe that such conduct was unlawful.

 

The Company shall provide
that Executive is covered by Directors and Officers insurance that the Company provides to other senior executives and/or Board
members.

 

    	 	-6-	 

     

    

 

8.          Cooperation
with the Company After Termination of Employment

 

Following termination of
Executive’s employment for any reason, Executive shall fully cooperate with the Company in all matters relating to the winding
up of Executive’s pending work on behalf of the Company including, but not limited to, any litigation in which the Company
is involved, and the orderly transfer of any such pending work to other employees of the Company as may be designated by the Company.
Following any notice of termination of employment by either the Company or Executive, the Company shall be entitled to such full
time or part time services of Executive as the Company may reasonably require during all or any part of the sixty (60)-day period
following any notice of termination, provided that Executive shall be compensated for such services at the same rate as in effect
immediately before the notice of termination.

 

9.          Notice

 

All notices, requests and
other communications pursuant to this Agreement shall be sent by overnight mail or by fax with proof of transmission to the following
addresses:

 

If to Executive:

 

Ketan Thakker

 

Email: ketan.thakker@ubid.com

Phone: (847) 857-8424

 

If to the Company:

 

Incumaker, Inc.

327 Dahlonega Road

Suite 1701B

Cumming, GA 30040

Attn: ,

email: ___________@Incumaker.com

Phone: (___) __________

 

10.         Waiver
of Breach

 

Any waiver of any breach
of this Agreement shall not be construed to be a continuing waiver or consent to any subsequent breach on the part of either Executive
or of the Company.

 

    	 	-7-	 

     

    

 

11.         Non-Assignment
/ Successors

 

Neither party hereto may
assign his/her or its rights or delegate his/hers or its duties under this Agreement without the prior written consent of the other
party; provided, however, that (i) this Agreement shall inure to the benefit of and be binding upon the successors and assigns
of the Company upon any sale or all or substantially all of the Company’s assets, or upon any merger, consolidation or reorganization
of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective
successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns
or designees of Executive to the extent of any payments due to them hereunder. As used in this Agreement, the term “Company”
shall be deemed to refer to any such successor or assign of the Company referred to in the preceding sentence.

 

12.         Severability

 

To the extent any provision
of this Agreement or portion thereof shall be invalid or unenforceable, it shall be considered deleted there from and the remainder
of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

 

13.         Counterparts

 

This Agreement may be executed
in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and
the same instrument.

 

14.         Arbitration

 

Executive and the Company
shall submit to mandatory and exclusive binding arbitration, any controversy or claim arising out of, or relating to, this Agreement
or any breach hereof where the amount in dispute is greater than or equal to $50,000, provided, however, that the
parties retain their right to, and shall not be prohibited, limited or in any other way restricted from, seeking or obtaining equitable
relief from a court having jurisdiction over the parties. In the event the amount of any controversy or claim arising out of, or
relating to, this Agreement, or any breach hereof, is less than $50,000, the parties hereby agree to submit such claim to mediation.
Such arbitration shall be governed by the Federal Arbitration Act and conducted through the American Arbitration Association (“AAA”)
in Atlanta, Georgia, before a single neutral arbitrator, in accordance with the National Rules for the Resolution of Employment
Disputes of the American Arbitration Association in effect at that time. The parties may conduct only essential discovery prior
to the hearing, as defined by the AAA arbitrator. The arbitrator shall issue a written decision which contains the essential findings
and conclusions on which the decision is based. Mediation shall be governed by, and conducted through, the AAA. Judgment upon the
determination or award rendered by the arbitrator may be entered in any court having jurisdiction thereof.

 

    	 	-8-	 

     

    

 

15.         Entire
Agreement

 

This Agreement and all schedules
and other attachments hereto constitute the entire agreement by the Company and Executive with respect to the subject matter hereof
and, except as specifically provided herein, supersedes any and all prior agreements or understandings between Executive and the
Company with respect to the subject matter hereof, whether written or oral. This Agreement may be amended or modified only by a
written instrument executed by Executive and the Company.

 

[Signature Page Follows]

 

    	 	-9-	 

     

    

 

IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date above

 

	 	INCUMAKER, INC.
	 	 
	 	 
	 	By: 
	 	Its: 
	 	 
	 	/s/ Ketan Thakker
	 	Ketan Thakker

 

[Signature
Page to Ketan Thakker Executive Employment Agreement]

 

    	 	-10-	 

     

    

 

Exhibit
A

 

Employee Proprietary Information, Inventions,
and Non-Competition Agreement

 

    	 	-11-

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