Document:

Exhibit 4.13

 

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE DISPOSED
OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS.

 

CONVERTIBLE PROMISSORY NOTE

 

	$250,000	San Antonio, Texas	April 14, 2021

 

FOR VALUE RECEIVED, DIGERATI
TECHNOLOGIES, INC.,  a Nevada corporation, whose address is 825 W.
Bitters, STE 104, San Antonio, TX 78216 (the “Debtor”), promises to pay to the order of Tysadco
Partners, LLC, whose address is 210 W. 77th Street, #7W, New
York, NY 10024, (the “Payee”), the sum of TWO HUNDRED FIFTY
THOUSAND DOLLARS ($250,000) in lawful money of the United States of America which shall be legal tender for the payment of
debts from time to time, together with interest on the outstanding principal amount hereof at the rate of eight percent (8%) interest
per annum, computed on the basis of a 360-day year and 30-day months.

 

This Note
shall be payable in a single payment of the principal amount outstanding plus any accrued interest, without demand, on April 14, 2022
(the “Maturity Date”). If the Maturity Date shall be a Saturday, Sunday,
or day on which Banks in San Antonio, Texas, or the place of payment are authorized or required to be closed, such payment shall be made
on the next following day that is not a Saturday, Sunday or day on which banks in San Antonio, Texas, or the place of payment are authorized
or required to be closed and interest thereon shall continue to accrue thereon until such date.

 

Time is of
the essence of this Note, and the Debtor expressly agrees that in the event of default in the payment of any principal or interest when
due, the Payee may declare the entirety of this Note immediately due and payable. Upon the occurrence of any default hereunder, the Payee
shall also have the right to exercise any and all of the rights, remedies and recourses now or hereafter existing in equity, law, by virtue
of statute or otherwise.

 

In
the event that any payment is not made when due, either of principal or interest, and whether upon maturity or as a result of acceleration,
interest shall thereafter accrue at the rate per annum equal to the lesser of (a) the maximum non-usurious rate of interest permitted
by the laws of the State of Texas or the United States of America, whichever shall permit the higher rate or (b) twenty percent (20%)
per annum, from such date until the entire balance of principal and accrued interest on this Note has been paid.

 

Debtor has
the privilege of making prepayments on this Note from time to time in any amount without penalty provided that any such prepayment shall
be applied to unpaid interest on this Note and the balance, if any, to the principal amount payable under this Note.

 

No failure
to exercise and no delay on the part of Payee in exercising any power or right in connection herewith shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right
or power, preclude
any other or further exercise thereof or the exercise of any other right or power. No course of dealing between Debtor and Payee shall
operate as a waiver of any right of Payee. No modification or waiver of any provision of this Note or any consent to any departure therefrom
shall in any event be effective unless the same shall be in writing and signed by the person against whom enforcement thereof is to be
sought, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.

 

     

     

    

 

In
the event of default or if payment of this Note is not made when due or declared due, and the same is placed in the hands of an
attorney for collection, or suit is brought on same, or the same is collected through any judicial proceeding whatsoever, or if any action
be had hereon, then Debtor agrees and promises to pay an additional amount as reasonable, calculated and foreseeable attorneys’ and collection
fees incurred by Payee in connection with enforcing its rights herein contemplated.

 

Payee may elect
to convert up to 100% of the principal amount outstanding and any accrued interest on the Note into Common Stock of the Debtor (the “Conversion
Shares”) at any time after 180 days of funding the Note. The Conversion Price shall be the greater of: (i) the Variable Conversion
Price (as defined herein) or (ii) the Fixed Conversion Price (as defined herein). The “Variable Conversion Price” shall be equal
to 75% of the lowest daily volume weighted average price (“VWAP”) for Debtor’s Common Stock (the “Shares”) for the
ten (10) Trading Day period immediately preceding the Conversion Date. “Trading Day” shall mean any day on which the Common
Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common
Stock is then being traded. The “Fixed Conversion Price” shall mean $0.15.

 

Payee may
elect to convert up to 100% of the principal amount outstanding and any accrued interest on the Note into Common Stock of the Debtor at
any time into a Qualified Uplist Financing at a 25% discount.

 

In
consideration for entry into this Convertible Promissory Note and upon execution of such definitive agreement, the Company will
issue the Payee 500,000 restricted shares, with no registration rights.

 

Conversion
shall be effectuated by delivering by facsimile, email or other delivery method to Debtor of the completed form of conversion notice attached
hereto as Annex “A” (the ” Notice of Conversion”), executed by the Payee of the Note evidencing such Payee’s intention
to convert a specified portion of the Note.

 

To the extent
permitted by applicable law, Debtor hereby waives grace, notice, demand or presentment for payment of this Note, dishonor, notice of dishonor,
notice of default or nonpayment, protest, notice of protest, suit, notice of intention to accelerate, notice of acceleration, diligence
or any notice of or defense on account of the extension of time of payments or change in the method of payments, and consents to any and
all renewals and extensions in the time of payment hereof, and the release of any party primarily or secondarily liable hereon.

 

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It
is expressly provided and stipulated that notwithstanding any provision of this Note, in no event shall the aggregate of all interest
paid by Debtor to Payee hereunder ever exceed the maximum non-usurious
rate of interest which may lawfully be charged Debtor under the laws of the State of Texas or United States Federal Government, as applicable,
on the principal balance of this Note remaining unpaid. It is expressly stipulated and agreed by Debtor that it is the intent of Payee
and Debtor in the execution and delivery of this Note to contract in furtherance of such laws, and that none of the terms of this Note
shall ever be construed to create a contract to pay for the use, forbearance or detention of money, at any interest rate in excess of
the maximum non-usurious rate of interest permitted to be charged Debtor under the laws of the State of Texas or United States Federal
Government, as applicable. The provisions of this paragraph shall govern over all other provisions of this Note should any such provisions
be in apparent conflict herewith.

 

Specifically,
and without limiting the generality of the foregoing paragraph, it is expressly provided that:

 

(i)
In the event of prepayment of the principal of this Note, in whole or in part, or the payment of the principal of this Note prior
to the Maturity Date, whether resulting from acceleration of the maturity of this Note or otherwise, if the aggregate amount of interest
accruing hereon prior to such payment plus the amount of any interest accruing after maturity and plus any other amount paid or accrued
in connection with the indebtedness evidenced hereby which by law are deemed interest on the indebtedness evidenced by the Note and which
aggregate amounts paid or accrued (if calculated in accordance with the provisions of this Note other than this paragraph) would exceed
the maximum non-usurious rate of interest which could lawfully be charged as above mentioned on the unpaid principal balance of the indebtedness
evidenced by this Note from time to time advanced (less any discount) and remaining unpaid from the date advanced to the dateof final
payment thereof, then in such event the amount of such excess shall be credited, as of the date paid, toward the payment of the principal
of this Note so as to reduce the amount of the final payment of principal due on this Note, or if the principal amount hereof has been
paid in full, refunded to Debtor.

 

(ii)
If under any circumstances the aggregate amounts paid on the indebtedness evidenced by this Note prior to and incident to the final
payment hereof include amounts which by law are deemed interest and which would exceed the maximum non-usurious rate of interest
which could lawfully have been charged or collected on this Note, as above mentioned, Debtor stipulates that (a) any non-p rincipal
payment shall be characterized as an expense, fee, or premium rather than as interest and any excess shall be credited hereon by the
Payee hereof (or, if this Note shall have been paid in full, refunded to Debtor); and (b) determination of the rate of interest for
determining whether the indebtedness evidenced hereby is usurious shall be made by amortizing, prorating, allocating, and spreading,
in equal parts during the full stated term hereof, all interest at any time contracted for, charged, or received from Debtor in
connection with such indebtedness, and any excess shall be canceled, credited, or refunded as set forth in (a) herein.

 

Any check, draft, money
order, or other instrument given in payment of all or any portion of this Note may be accepted by Payee and handled in collection in
the customary manner, but the same shall not constitute payment hereunder or diminish any rights of Payee except to the extent that actual
cash proceeds of such instruments are unconditionally received by Payee. If at any time any payment
of the principal of or interest on this Note is rescinded or must be restored or returned upon the insolvency, bankruptcy or reorganization
of Debtor or otherwise, the obligation under this Note with respect to that payment shall be reinstated as though the payment had been
due but not made at that time.

 

    3

     

    

 

Debtor agrees
that this Note shall be freely assignable to any assignee of Payee, subject to compliance with applicable securities laws.

 

Debtor represents
and warrants that the extension of credit represented by this Note is for business, commercial, investment, or other similar purposes
and not primarily for personal, family, household or agricultural use.

 

This Note
has been executed and delivered and shall be construed in accordance with and governed by the laws of the State of Texas and of the United
States of America applicable in Texas. Venue for any litigation between Debtor and Payee with respect to this Note shall be Bexar County,
Texas. Debtor and Payee hereby irrevocably submit to personal jurisdiction in Texas and waive all objections to personal jurisdiction
in Texas and venue in Bexar County for purposes of such litigation.

 

THIS NOTE
REPRESENTS THE FINAL AGREEMENT BETWEEN DEBTOR AND PAYEE AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT
ORAL AGREEMENTS BETWEEN DEBTOR AND PAYEE.

 

THERE
ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN DEBTOR AND PAYEE.

 

	 	DIGERATI TECHNOLOGIES, INC.,
	 	a Nevada corporation
	 	 	 
		By:	/s/
                                            Arthur L. Smith
	 	Name:	Arthur
                             L. Smith
	 	Title:	CEO    

 

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ANNEX “A”

 

DIGERATI TECHNOLOGIES, INC.

 

NOTICE OF CONVERSION

 

(To Be Executed by the Registered
Payee in Order to Convert the Note)

 

The undersigned hereby
irrevocably elects to convert $________ of the
Principal Amount of the Note into Shares of Common Stock of Digerati Technologies, Inc., a Nevada corporation (the
“Company”), according to the conditions hereof, as of the date written below. After giving effect to the conversion
requested hereby, the outstanding Principal Amount of such Note is $ ______,
absent manifest error.

 

Certificates representing Common
Stock upon conversion will be delivered (including delivery by DWAC or DRS) to the undersigned within seven (7) business days from the
date of delivery of the Notice of Conversion to the Company.

 

	Conversion Date	 
	 	 
	 	 
	 	 
	Applicable Conversion Price	 
	 	 
	 	 
	 	 
	Signature	 
	 	 
	 	 
	 	 
	Print Name	 
	 	 
	 	 
	 	 
	AddressExhibit 4.14

 

NEITHER THIS NOTE NOR THE
SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

Digerati Technologies,
Inc.

Convertible
Promissory Note

 

	Issuance Date:	April 15, 2021	 	Original Principal Amount:	$113,000
	Note No. DTGI-2-LV	 	Consideration Paid at Close:	$103,000

 

FOR VALUE RECEIVED,
Digerati Technologies, Inc., a Nevada corporation with a par value of $0.0001 per common share (“Par Value”) (the “Company”),
hereby promises to pay to the order of Lucas Ventures, LLC, a Arizona limited liability company or registered assigns (the “Holder”)
the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion
or otherwise, the “Principal”) when due, whether upon the Maturity Date (as defined below), acceleration, redemption
or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”) on any outstanding Principal
at the applicable Interest Rate from the date set out above as the Issuance Date (the “Issuance Date”) until the same
becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with
the terms hereof).

 

The amount owing under this
Note shall be the Original Principal Amount of $113,000 (one hundred thirteen thousand) plus accrued and unpaid interest and any
other fees. The Consideration is $103,000 (one hundred three thousand) payable by wire transfer (there exists a $10,000 original
issue discount (the “OID”)). The Holder shall pay $103,000 of Consideration upon closing of this Note.

 

		(1)	GENERAL TERMS

 

(a)
Payment of Principal. The “Maturity Date” shall be nine months from the date of closing, as may
be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred
and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing
on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result
in an Event of Default.

 

(b)
Interest. A one-time interest charge of eight percent (8%) (“Interest Rate”) shall be applied
on the Issuance Date to the Original Principal Amount. Interest hereunder shall be paid on the Maturity Date (or sooner as provided herein)
to the Holder or its assignee in whose name this Note is registered on the records of the Company regarding registration and transfers
of Notes in cash or converted into Common Stock at the Conversion Price provided the Equity Conditions are satisfied.

 

     

     

    

 

(c)
Security. This Note shall not be secured by any collateral or any assets pledged to the Holder.

 

		(2)	EVENTS OF DEFAULT.

 

(a)
An “Event of Default”, wherever used herein, means any one of the following events (whatever the reason
and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court,
or any order, rule or regulation of any administrative or governmental body):

 

(i)
The Company’s failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this
Note (including, without limitation, the Company’s failure to pay any redemption payments or amounts hereunder);

 

 (ii) A Conversion Failure as defined in section 3(b)(ii);

 

(iii)
The Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary
of the Company under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company
or any subsidiary of the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors,
dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or
any subsidiary of the Company or there is commenced against the Company or any subsidiary of the Company any such bankruptcy, insolvency
or other proceeding which remains undismissed for a period of 61 days; or the Company or any subsidiary of the Company is adjudicated
insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the Company or any subsidiary
of the Company suffers any appointment of any custodian, private or court appointed receiver or the like for it or any substantial part
of its property which continues undischarged or unstayed for a period of sixty one (61) days; or the Company or any subsidiary of the
Company makes a general assignment for the benefit of creditors; or the Company or any subsidiary of the Company shall fail to pay, or
shall state that it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the Company or any subsidiary
of the Company shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts;
or the Company or any subsidiary of the Company shall by any act or failure to act expressly indicate its consent to, approval of or acquiescence
in any of the foregoing; or any corporate or other action is taken by the Company or any subsidiary of the Company for the purpose of
effecting any of the foregoing;

 

(iv) The
Company or any subsidiary of the Company shall default in any of its obligations under any other Note or any mortgage, credit
agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by
which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring
arrangement of the Company or any subsidiary of the Company in an amount exceeding $50,000, whether such indebtedness now exists or
shall hereafter be created;

 

(v)
The Common Stock is suspended or delisted for trading on the Over the Counter OTCQB Venture Marketplace or OTCPink Open
Marketplace (the “Primary Market”);

 

(vi)
The Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer;

 

 (vii) The Company loses its status as “DTC Eligible”;

 

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(viii)
The Company shall become late or delinquent in its filing requirements as a fully-reporting issuer registered with the Securities
& Exchange Commission and the Company shall not have remedied such delinquency within 4 business days.; and

 

(ix)
The Company shall fail to reserve and keep available out of its authorized Common Stock a number of shares equal to at least
2 (two) times the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note.

 

(b)
Upon the occurrence of any Event of Default that has not been cured within five calendar days from the date of the Event
of Default (a “Cure Failure”), the Outstanding Balance shall immediately increase to 125% of the Outstanding Balance immediately
prior to the occurrence of the Event of Default (the “Default Effect”) and a daily penalty of $500 (five hundred) will accrue
until the default is remedied. The Default Effect shall automatically apply upon the occurrence of an Event of Default without the need
for any party to give any notice or take any other action. Upon the occurrence of any Event of Default, the Note shall become immediately
due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Outstanding
Balance, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without
limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available
at law or in equity.

 

(3)
CONVERSION OF NOTE. The Holder shall have the right, but not the obligation, to convert
the Outstanding Balance into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 3.

 

(a)
Conversion Right. Subject to the provisions of Section 3(c) and in no case until the earlier of 6 months or the Company
listing on Nasdaq or NYSE American, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount
(as defined below) into fully paid and nonassessable shares of Common Stock in accordance with Section 3(b), at the Conversion Price (as
defined below). The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall
be equal to the quotient of dividing the Conversion Amount by the Conversion Price. The Company shall not issue any fraction of a share
of Common Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company
shall round such fraction of a share of Common Stock up to the nearest whole share. The Company shall pay any and all transfer agent fees,
legal fees, costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares of the Company’s
Common Stock to the Holder arising out of or relating to the conversion of this Note.

 

(i)
“Conversion Amount” means the portion of the Original Principal Amount and Interest to be converted, plus
any penalties, redeemed or otherwise with respect to which this determination is being made.

 

(ii)
“Conversion Price” shall equal the greater of $0.15 (fifteen) cents or 25% discount to up-listing price
or offering/underwriting price concurrent with the Company listing on Nasdaq or NYSE American., subject to adjustment as provided in this
Note. If an Event of Default occurs, the Conversion Price shall be the lesser of (a). $0.15 (fifteen) cents or (b). 75% of the lowest
traded price in the prior fifteen trading days immediately preceding the Notice of Conversion.

 

(b)
Mechanics of Conversion.

 

(i) 
Optional Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a “Conversion
Date”), the Holder shall (A) transmit by email, facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m.,
New York, NY Time, on such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit A (the
“Conversion Notice”) to the Company. On or before the third Business Day following the date of receipt of a
Conversion Notice (the “Share Delivery Date”), the Company shall (A) if legends are not required to be placed on
certificates of Common Stock pursuant to the then existing provisions of Rule 144 of the Securities Act of 1933 (“Rule
144”) and provided that the Transfer Agent is participating in the Depository Trust Company’s (“DTC”) Fast
Automated Securities Transfer Program, credit such aggregate number of shares of Common Stock to which the Holder shall be entitled
to the Holder’s or its designee’s balance account with DTC through its Deposit Withdrawal Agent Commission system or (B) if the
Transfer Agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver to the address as
specified in the Conversion Notice, a certificate, registered in the name of the Holder or its designee, for the number of shares of
Common Stock to which the Holder shall be entitled which certificates shall not bear any restrictive legends unless required
pursuant the Rule 144. If this Note is physically surrendered for conversion and the outstanding Principal of this Note is greater
than the Principal portion of the Conversion Amount being converted, then the Company shall, upon request of the Holder, as soon as
practicable and in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver
to the holder a new Note representing the outstanding Principal not converted. The Person or Persons entitled to receive the shares
of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such
shares of Common Stock upon the transmission of a Conversion Notice.

 

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(ii)
Company’s Failure to Timely Convert. If within three (3) Trading Days after the Company’s receipt of the facsimile
or email copy of a Conversion Notice the Company shall fail to issue and deliver to Holder via “DWAC/FAST” electronic transfer
the number of shares of Common Stock to which the Holder is entitled upon such holder’s conversion of any Conversion Amount (a “Conversion
Failure”), the Original Principal Amount of the Note shall increase by $1,000 per day until the Company issues and delivers a
certificate to the Holder or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder
is entitled upon such holder’s conversion of any Conversion Amount (under Holder’s and Company’s expectation that any damages
will tack back to the Issuance Date). Company will not be subject to any penalties once its transfer agent processes the shares to
the DWAC system. If the Company fails to deliver shares in accordance with the timeframe stated in this Section, resulting in a Conversion
Failure, the Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular
conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Outstanding Balance with the rescinded
conversion shares returned to the Company (under Holder’s and Company’s expectations that any returned conversion amounts
will tack back to the original date of the Note).

 

(iii)
DTC Eligibility & Sub-Penny. If the Company fails to maintain its status as “DTC Eligible” for any
reason, or, if the effective Conversion Price as calculated in Section 3(a)(ii) is less than $0.01 at any time (regardless of whether
or not a Conversion Notice has been submitted to the Company), the Principal Amount of the Note shall increase by ten thousand dollars
($10,000) (under Holder’s and Company’s expectation that any Principal Amount increase will tack back to the Issuance Date).
In addition, the Conversion Price shall be permanently redefined to equal the lesser of (a) $0.01 or (b) 50% of the lowest trade occurring
during the twenty (20) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert
all or part of this Note, subject to adjustment as provided in this Note.

 

(iv)
Book-Entry. Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note
in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless (A) the
full Conversion Amount represented by this Note is being converted or (B) the Holder has provided the Company with prior written notice
(which notice may be included in a Conversion Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder
and the Company shall maintain records showing the Principal and Interest converted and the
dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Company, so as not to require
physical surrender of this Note upon conversion.

 

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(c)
Limitations on Conversions or Trading.

 

(i)  
Beneficial Ownership. The Company shall not effect any conversions of this Note and the Holder shall not have the
right to convert any portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after
giving effect to such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially
own (as determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the
number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of interest.
Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the time of a conversion
hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of 4.99% of the then outstanding
shares of Common Stock without regard to any other shares which may be beneficially owned by the Holder or an affiliate thereof, the Holder
shall have the authority and obligation to determine whether the restriction contained in this Section will limit any particular conversion
hereunder and to the extent that the Holder determines that the limitation contained in this Section applies, the determination of which
portion of the principal amount of this Note is convertible shall be the responsibility and obligation of the Holder. If the Holder has
delivered a Conversion Notice for a principal amount of this Note that, without regard to any other shares that the Holder or its affiliates
may beneficially own, would result in the issuance in excess of the permitted amount hereunder, the Company shall notify the Holder of
this fact and shall honor the conversion for the maximum principal amount permitted to be converted on such Conversion Date in accordance
with Section 3(a) and, any principal amount tendered for conversion in excess of the permitted amount hereunder shall remain outstanding
under this Note.

 

(ii)
Capitalization. So long as this as this Note is outstanding, upon written request of the Holder, the Company shall
furnish to the Holder the then-current number of common shares issued and outstanding, the then-current number of common shares authorized,
and the then-current number of shares reserved for third parties.

 

(d)
Other Provisions.

 

(i)  
Share Reservation. The Company shall at all times reserve and keep available out of its authorized Common Stock a
number of shares equal to at least 2 (two) times the full number of shares of Common Stock issuable upon conversion of all outstanding
amounts under this Note; and within 3 (three) Business Days following the receipt by the Company of a Holder’s notice that such minimum
number of shares of Common Stock is not so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock
to comply with such requirement. The Company will at all times reserve at least 2,000,000 shares of Common Stock for conversion.

 

(ii) Prepayment.The
Company may prepay this Note at any time without penalty.

 

(iii)
All calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.

 

(iv)
Nothing herein shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section
2 herein for the Company’s failure to deliver certificates representing shares of Common Stock upon conversion within the period specified
herein and such Holder shall have the right
to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive
relief, in each case without the need to post a bond or provide other security. The exercise of any such rights shall not prohibit the
Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

 

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(4)
Terms of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries
of any security with any term more favorable to the holder of such security or with a term in favor of the holder of such security that
was not similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable
term and such term, at Holder’s option, shall become a part of the transaction documents with the Holder. The types of terms contained
in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion
discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, private placement price per share,
and warrant coverage. Financings in which the Company receives proceeds of one million dollars or greater or excluded from the Terms
of Future Financings.

 

(5)
REISSUANCE OF THIS NOTE.

 

(a)
Assignability. The Company may not assign this Note. This Note will be binding upon the Company and its successors
and will inure to the benefit of the Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing
without Company’s approval.

 

(b)
Lost, Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of
the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking
by the Holder to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company
shall execute and deliver to the Holder a new Note representing the outstanding Principal.

 

(6)
NOTICES. Any notices, consents, waivers or other communications required or permitted to be given under the terms
hereof must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when
sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party)
(iii) upon receipt, when sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight delivery service,
in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be
those set forth in the communications and documents that each party has provided the other immediately preceding the issuance of this
Note or at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified
by written notice given to each other party three (3) Business Days prior to the effectiveness of such change. Written confirmation of
receipt (i) given by the recipient of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated
by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission
or (iii) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by
facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

    6

     

    

 

The addresses for such communications
shall be:

 

If to the Company, to:

 

Digerati Technologies, Inc.

ATT: Arthur Smith, CEO

825 W. Bitters

Suite 104

San Antonio, TX 78216

Email: a.smith@t3com.net

 

If to the Holder:

 

Lucas Hoppel

Phone: 858-232-5110

Email: Luke@LGHInvestments.com

 

(7)
APPLICABLE LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of
California, without giving effect to conflicts of laws thereof. 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 California or in the federal courts located in the city of
San Diego, in the State of California. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of
such courts.

 

(8)
WAIVER. Any waiver by the Holder of a breach of any provision of this Note shall not operate as or be construed to
be a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Holder to insist
upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the
right thereafter to insist upon strict adherence to that term or any other term of this Note. Any waiver must be in writing.

 

(9)
LIQUIDATED DAMAGES. Holder and Company agree that in the event Company fails to comply with any of the terms or provisions
of this Note, Holder’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, Holder and Company
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 Holder’s and Company’s expectations that any such liquidated
damages will tack back to the Closing Date for purposes of determining the holding period under Rule 144).

 

[Signature Page Follows]

 

    7

     

    

’

IN WITNESS WHEREOF, the
Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set forth above.

 

	 	COMPANY:
	 	 
	 	Digerati
    Technologies, Inc.
	 	 
	 	By:	/s/
    Arthur Smith
	 	Name:	Arthur
    Smith
	 	Title:	Chief
    Executive Officer

 

	 	HOLDER:
	 	 
	 	Lucas
    Ventures, LLC
	 	 
	 	By:	/s/ Lucas
    Hoppel
	 		Name:
    Lucas Hoppel 
	 		Title:
      Managing Member

 

[Signature Page to Note No.
DTGI-2-LV]

 

     

     

    

 

EXHIBIT A

 

CONVERSION NOTICE

 

[Company Contact, Position]

[Company Name]

[Company Address]

[Contact Email Address}

 

The undersigned hereby
elects to convert a portion of the $________ Convertible Note ________ issued to Lucas Hoppel on ________ into Shares
of Common Stock of ________ according to the conditions set forth in such Note as of the date written below.

 

 By accepting this notice of conversion, you are acknowledging that the number of shares to be delivered represents less than 5% (ten percent) of the common stock outstanding. If the number of shares to be delivered represents more than 4.99% of the common stock outstanding, this conversion notice shall immediately automatically extinguish and debenture Holder must be immediately notified.

 

	Date of Conversion:	 	 
	 	 	 
	Conversion Amount:	 	 
	 	 	 
	Conversion Price:	 	 
	 	 	 
	Shares to be Delivered:	 	 

 

 Shares delivered in name of:

 

Lucas Ventures,
LLC

 

	Signature:

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