Document:

Exhibit
10.46

 

CONTRIBUTION
AND EXCHANGE AGREEMENT

 

This
CONTRIBUTION AND EXCHANGE AGREEMENT (this “Agreement”) is entered into as of August 31, 2022, by and among ENDEXX
Corporation, a Nevada corporation (“EDXC”), CBD Unlimited, Inc., a Nevada corporation (“CBDU”),
Todd Allen Davis, a resident of the State of Arizona (“Mr. Davis”), and Rayne Forecast Inc., an Arizona corporation
(“Rayne”). Each of EDXC, CBDU, Mr. Davis, and Rayne may be referred to herein, individually, as a “Party”
and, collectively, as the “Parties”.

 

WHEREAS,
Mr. Davis is a director, executive officer, and significant stockholder of EDXC;

 

WHEREAS,
Rayne is wholly owned by Mr. Davis;

 

WHEREAS,
CBDU is a wholly owned subsidiary of EDXC;

 

WHEREAS,
immediately prior to the date hereof, EDXC contributed all of its operating assets and all of its liabilities directly related thereto
to CBDU (the “EDXC – CBDU Contribution”), pursuant to a unanimous written consent executed by the respective
boards of directors of EDXC and CBDU, a copy of each of which consents is attached hereto as Attachment A and Attachment B,
respectively;

 

WHEREAS,
Mr. Davis owns and Rayne own certain equity and capital interests of EDXC as described and set forth on Exhibit A (the “EDXC
Equity”);

 

WHEREAS,
Mr. Davis and Rayne will surrender to EDXC for cancellation certain of the EDXC Equity (the “Surrendered EDXC Equity”)
as noted on Exhibit A;

 

WHEREAS,
Mr. Davis and Rayne will retain that number of shares of the EDXC Equity that does not constitute the Surrendered EDXC Equity (the “Retained
EDXC Equity”) as described and set forth on Exhibit A;

 

WHEREAS,
Mr. Davis and Rayne will surrender that number of shares of the EDXC Equity that does not constitute the Surrendered EDXC Equity to counsel
for the Company (the “Escrowed EDXC Equity”) to be held in escrow (such amount as described and set forth on Exhibit
A), which shall be released to Mr. Davis and Rayne in accordance with the Escrow release provisions set forth hereinbelow;

 

WHEREAS,
through and including the Effective Date (as defined below), EDXC has accrued certain compensation and related obligations in favor of
Mr. Davis and Rayne, as described and set forth on Exhibit B (the “Deferred Payments and Obligations”; and,
together with the Surrendered EDXC Equity, the “Contributed Items”); and

 

WHEREAS,
each of Mr. Davis and Rayne desires to contribute to EDXC, and EDXC desires to accept from Mr. Davis and Rayne, all of their right, title,
and interest in and to the Contributed Items, and, in connection therewith, EDXC desires to assign to Mr. Davis and Rayne, and each of
Mr. Davis and Rayne desires to accept from EDXC, certain shares of common stock of CBDU that are owned of record and beneficially by
EDXC (the “CBDU Equity”), in the amounts and as described and set forth on Exhibit C (the transactions set
forth in this paragraph as detailed below, the “Exchange”).

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	1	

     

    

 

NOW,
THEREFORE, in consideration of these presents and for such other good and valuable consideration, the receipt and sufficiency of which
the Parties hereby acknowledge, the Parties, intending to be legally bound hereby, agree as follows:

 

	 	1.	Closing; Contribution and Exchange.

 

		(a)	The
                                            Closing. The closing (the “Closing”) of the transactions contemplated
                                            by this Agreement shall take place immediately prior to the consummation of the transactions
                                            contemplated by that certain [Hyla Agreement] (the “Effective Date”).

 

		(b)	Contribution
                                            and Exchange. As of the Closing (as defined below), the Parties shall consummate the
                                            Exchange, pursuant to which Mr. Davis and Rayne shall contribute to EDXC all of their respective
                                            right, title, and interest in and to the Contributed Items, free and clear of any and all
                                            liens and restrictions in exchange for the assignment by EDXC to Mr. Davis and Rayne of the
                                            CBDU Equity, free and clear of any and all liens and restrictions, other than those imposed
                                            by or arising out of state or federal securities laws.

 

		(c)	The
                                            Surrendered EDXC Equity. In connection with the Exchange, Mr. Davis and Rayne shall promptly
                                            take such steps as (i) EDXC’s transfer agent shall require for Mr. Davis and Rayne
                                            to tender the Surrendered EDXC Equity to EDXC’s transfer agent for cancellation and
                                            (ii) the Secretary of State of the State of Nevada shall require for Mr. Davis and Rayne
                                            to cancel the outstanding Series Z Convertible Preferred Stock.

 

		(d)	The
                                            Escrowed EDXC Equity. In connection with the Exchange, Mr. Davis and Rayne shall promptly
                                            take such steps as EDXC’s transfer agent shall require to revest the Escrowed EDXC
                                            Equity (whether in certificated form or in restricted book entry) as “Randolf W. Katz,
                                            as Escrow Agent for Todd Davis and Rayne Forecast Inc.” Randolf W. Katz is appointed
                                            as escrow agent for the Escrowed EDXC Equity by each of EDXC, Mr. Davis, and Rayne. As more
                                            particularly set forth in the Escrow Agreement (the form of which is attached hereto as Exhibit
                                            D), the Escrowed EDXC Equity will be released to Mr. Davis and Rayne if, when, and as EDXC
                                            has repaid its obligations in full to the seven holders of EDXC’s promissory notes
                                            delivered by EDXC on or about the date of this Agreement, all of which notes are referenced
                                            in the Escrow Agreement.

 

		(e)	Assignment
                                            of the CBDU Equity. In connection with the Exchange, EDXC shall assign the shares of
                                            the CBDU Equity to Mr. Davis and Rayne and, in connection therewith, CBDU shall (i) record
                                            such assignments on its books and records of account and (ii) generate and deliver certificates
                                            therefor that represent such shares of CBDU Equity.

 

		(f)	Tax
                                            Treatment. Each of the Parties shall be responsible (i) to file his or its tax returns
                                            that, if relevant, reference the transactions contemplated by this Agreement and (ii) to
                                            pay taxes, if any, resulting therefrom.

 

2. Representations
and Warranties of EDXC and CBDU. EDXC and CBDU represent and warrant to Mr. Davis and Rayne, as follows:

 

		(a)	Authority.
                                            Each of EDXC and CBDU is a corporation duly organized and validly existing and in good standing
                                            under the laws of the State of Nevada. Each of EDXC and CBDU has the requisite power and
                                            authority to execute and deliver this Agreement, and to perform its obligations under, this
                                            Agreement.

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	2	

     

    

 

		(b)	Authorization;
                                            Execution and Delivery; Enforceability. Each of EDXC and CBDU has taken all action necessary
                                            to authorize the execution and delivery by such entity of this Agreement and the performance
                                            by such entity of its respective obligations hereunder. This Agreement has been duly executed
                                            and delivered by each of EDXC and CBDU and constitutes a valid and binding obligation of
                                            each entity, enforceable against such entity in accordance with its terms, subject to applicable
                                            bankruptcy, reorganization, insolvency, moratorium, and similar laws affecting creditors’
                                            rights generally and to general principles of equity. The execution, delivery, and performance
                                            of this Agreement and the consummation of the transactions contemplated hereby will not,
                                            with or without the giving of notice or the lapse of time or both, (a) violate any provision
                                            of law, statute, rule, or regulation to which either EDXC or CBDU is subject, (b) violate
                                            any order, judgment, or decree applicable to either EDXC or CBDU, or (c) conflict with or
                                            result in a breach or default under any term or condition of such entity’s applicable
                                            charter documents or any agreement or other instrument to which such entity is a party or
                                            by which such entity is bound. No consent, approval, order, or authorization of, or registration,
                                            qualification, designation, declaration, or filing with, any federal, state, or local governmental
                                            authority on the part of either EDXC or CBDU is required in connection with the consummation
                                            of the transactions contemplated by this Agreement, except for such filings required pursuant
                                            to applicable federal and state securities laws.

 

		(c)	Sufficiency
                                            of Assets. The assets and liabilities transferred to CBDU as part of the EDXC –
                                            CBDU Contribution collectively (i) constitute all the assets and services used by or in operating
                                            the “CBD CBDU” business as it was operated by EDXC immediately prior to the EDXC
                                            – CBDU Contribution, and (ii) are sufficient for the continued conduct of the “CBD
                                            CBDU” business by CBDU after the effectuation of the EDXC – CBDU Contribution
                                            in substantially the same manner as conducted by EDXC immediately prior to the EDXC –
                                            CBDU Contribution, will be available for use in substantially the same manner as used by
                                            EDXC immediately prior to the EDXC – CBDU Contribution, and constitute all of the rights,
                                            property and assets necessary to conduct “CBD CBDU” business following the EDXC
                                            – CBDU Contribution in substantially the same manner as it was conducted by EDXC prior
                                            thereto.

 

		(d)	CBDU
                                            Equity. The shares of CBDU Equity, when assigned by EDXC pursuant to the terms of the
                                            Agreement, will have been validly issued, fully paid, and nonassessable, and will be free
                                            of any liens or encumbrances caused or created by EDXC or CBDU.

 

3. Representations
and Warranties of Mr. Davis and Rayne. Mr. Davis and Rayne, severally, but not jointly, represents and warrants to each of EDXC
and CBDU as follows:

 

		(a)	Authority.
                                            Each of Mr. Davis and Rayne has the requisite power and authority and full legal capacity
                                            to execute, deliver, and consummate the transactions contemplated by, and to perform his
                                            and its respective obligations under, this Agreement.

 

		(b)	Enforceability.
                                            This Agreement has been duly and validly executed and delivered by each of Mr. Davis and
                                            Rayne and constitutes a valid and binding obligation of such person or entity, enforceable
                                            against such person or entity in accordance with its terms, subject to applicable bankruptcy,
                                            reorganization, insolvency, moratorium, and similar laws affecting creditors’ rights
                                            generally and to general principles of equity. The execution, delivery, and performance of
                                            this Agreement and the consummation of the transactions contemplated hereby will not with
                                            or without the giving of notice or the lapse of time or both (a) violate any provision of
                                            law, statute, rule, or regulation to which such person or entity is subject, (b) violate
                                            any order, judgment, or decree applicable to such person or entity, or (c) conflict with
                                            or result in a breach or default under any term or condition of any agreement or other instrument
                                            to which such person or entity is a party or by which such person or entity is bound.

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	3	

     

    

 

		(c)	Contributed
                                            Items. Each of Mr. Davis and Rayne owns the Contributed Items, free and clear of all
                                            Encumbrances, including the EDXC Equity set forth opposite the name of such person or entity
                                            on Exhibit A. Each of Mr. Davis and Rayne has good and marketable title to such EDXC
                                            Equity, free and clear of all Encumbrances. “Encumbrance” means any lien,
                                            mortgage, pledge, security interest, right of first refusal, preemptive or purchase right,
                                            option, equitable or beneficial interest, claim, or encumbrance of any kind.

 

		(d)	Investment.
                                            Each of Mr. Davis and Rayne is acquiring the shares of CBDU Equity for his or its own account
                                            for investment purposes only and not with a view to, or for the resale in connection with,
                                            any “distribution” thereof for purposes of the Securities Act of 1933, as amended
                                            (the “Act”).

 

		(e)	Accredited
                                            Investor. Each of Mr. Davis and Rayne is an accredited investor within the meaning of
                                            Regulation D promulgated by the Securities and Exchange Commission pursuant to the Act, and
                                            each of Mr. Davis and Rayne is capable of evaluating the merits and risks of the investment
                                            in the CBDU Equity and each has the capacity to protect his or its respective interests.

 

		(f)	Holding
                                            Period. Mr. Davis further understands that the CBDU Equity must be held indefinitely
                                            unless subsequently registered under the Act or unless an exemption from registration is
                                            otherwise available. Moreover, Mr. Davis understands that neither EXEC nor CBDU is under
                                            no obligation to register the CBDU Equity. In addition, Mr. Davis understands that the CBDU
                                            Equity will be imprinted with a legend that prohibits the transfer of the CBDU Equity unless
                                            they are registered, or such registration is not required in the opinion of counsel for EDXC
                                            or CBDU.

 

		(g)	Rule
                                            144. Mr. Davis is aware of the provisions of Rule 144, promulgated under the Act, which,
                                            in substance, permit limited public resale of “restricted securities” acquired,
                                            directly or indirectly from the issuer thereof (or from an affiliate of such issuer), in
                                            a non-public offering subject to the satisfaction of certain conditions, including, in case
                                            Mr. Davis has held the securities for at least one year or is an affiliate of CBDU: (1) the
                                            resale occurring not less than one year after the party has purchased and paid for the securities
                                            to be sold and (2) in the case of an affiliate: (a) the availability of certain public information
                                            about CBDU; (b) the sale being made through a broker in an unsolicited “broker’s
                                            transaction” or in transactions directly with a market maker (as these terms are defined
                                            under the Securities Exchange Act of 1934); (c) the amount of securities being sold during
                                            any three-month period not exceeding certain specified limitations and (d) the filing of
                                            a Notice of Sale on Form 144, as appropriate

 

		(h)	No
                                            Public Market. Mr. Davis further understands that, as of the Effective Date, there is
                                            no public market for the equity securities of CBDU (the “CBDU Stock”),
                                            and that, at the time he wishes to sell the CBDU Equity, it is highly unlikely that any public
                                            market for the CBDU Stock will have commenced into which the CBDU Equity could be sold, and
                                            that, even if such a public market were then to exist, CBDU may not be satisfying the current
                                            public information requirements of Rule 144, and that, in such event, Mr. Davis would be
                                            precluded from selling the CBDU Equity under Rule 144 unless (1) a one-year minimum holding
                                            period had been satisfied and (2) Mr. Davis was not at the time of sale nor at any time during
                                            the three-month period prior to such sale an affiliate of CBDU.

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	4	

     

    

 

4. Releases.

 

		(a)	Mr.
                                            Davis’ and Rayne’s Releases. Each of Mr. Davis and Rayne, on his or its own
                                            respective behalf and on behalf of his or its affiliates and each of their respective past,
                                            present, and future equity owners, officers, directors, agents, servants, employees, consultants,
                                            attorneys, shareholders, representatives, heirs, successors, and assigns (collectively, the
                                            “Mr. Davis and Rayne Release Parties”), hereby releases and discharges
                                            EDXC, its predecessors, subsidiaries, officers, directors, consultants, attorneys, accountants,
                                            equity holders, and debt holders, and the affiliates thereof (collectively, the “EDXC
                                            Release Parties”) from and against any and all claims, actions, causes of action,
                                            demands, rights, debts, agreements, promises, tort claims, statutory claims, bad faith claims,
                                            contract claims, wage claims, charges, grievances, complaints, controversies, suits, hearings,
                                            investigations, inquiry, proceeding (arbitral, administrative, legal, or otherwise), demands,
                                            debts, penalties, compensatory damages, liquidated damages, costs, expenses, liabilities,
                                            losses, damages, punitive damages, liens, compensation, obligations, guarantees, attorneys’
                                            fees, costs, and expenses, or any similar matter, either known or unknown, foreseen or unforeseen,
                                            or suspected and unsuspected, of any kind, nature, or amount whatsoever, without limitation
                                            or exception, in law, equity, or otherwise, whether based on theories of contract, breach
                                            of contract, subrogation, indemnity, tort, violation of statute or regulation, or any other
                                            theory of liability or declaration of rights whatsoever, which any releasing party may now
                                            have accrued or may hereafter accrue, arising out of or in connection with any contract,
                                            transaction, act, cause, matter, event, action, or thing existing at any time prior to and
                                            including the Effective Date (collectively, the “Released Claims”). Notwithstanding
                                            anything to the contrary contained herein, none of the Mr. Davis and Rayne Release Parties
                                            releases, discharges, or waives any of the Released Claims that any of them has, has ever
                                            had, or may hereafter have against any of the EDXC Release Parties arising from or related
                                            to their performance under this Agreement, and each of the Mr. Davis and Rayne Release Parties
                                            hereby expressly reserves any such Released Claims against each of the EDXC Release Parties.

 

		(b)	EDXC
                                            Release. The EDXC Released Parties hereby release and discharge each of the Mr. Davis
                                            and Rayne Releasing Parties from and against any and all of the Released Claims. Notwithstanding
                                            anything to the contrary contained herein, none of the EDXC Released Parties releases, discharges,
                                            or waives any of the Released Claims that any of them has, has ever had, or may hereafter
                                            have against any of the Mr. Davis and Rayne Releasing Parties arising from or related to
                                            this Agreement, and each of the EDXC Released Parties hereby expressly reserves any such
                                            Released Claims against each of the Mr. Davis and Rayne Releasing Parties.

 

5. No
Assignment. Each of the Parties represents and warrants that it has not assigned any or all of the Released Claims or has
authorized any other person or entity to assert any or all of the Released Claims on behalf of any such Party.

 

6. Covenants
of the Parties. Each of the Parties covenants not to initiate, make, or prosecute any claim arising out of any of their
relationships that are included in the Released Claims, or to institute or join any grievance, arbitration, action, lawsuit, or
proceeding against any of the Parties in respect thereof.

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	5	

     

    

 

7. Binding
Effect. This Agreement will be binding upon and will inure to the benefit of the Parties and their heirs, successors, and
permitted assigns.

 

8. Governing
Law; Jurisdiction; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada
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 Courts of the State of Nevada located in the City of Las Vegas, County
of Clark, and the U.S. District Court for the District of Nevada. 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. To the maximum amount permitted, each of the Parties waives trial
by jury. The prevailing party shall be entitled to recover from the other party his or 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 this 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 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.

 

9. Counterparts.
This Agreement may be executed in counterparts (including by means of facsimile or other similar methods of electronic
transmission), each of which shall be deemed an original, and all of which taken together shall constitute one and the same
agreement.

 

10. Entire
Agreement. This Agreement embodies the complete agreement and understanding between the parties hereto with respect to the
subject matter hereof and supersedes and preempts any prior understandings, agreements, or representations by or between the parties
hereto, written or oral, which may have related to the subject matter hereof in any way.

 

11. Amendment.
This Agreement may not be altered, modified, or amended except by a written instrument signed by each of the parties
hereto.

 

[signatures
on following page]

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	6	

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	 	ENDEXX
    CORPORATION
	 	 	 
	 	By:	 
	 	 	Todd
    Davis, Chief Executive Officer
	 	 	 
	 	CBD
    UNLIMITED, INC.
	 	 	 
	 	By:	 
	 	 	Todd
    Davis, Chief Executive Officer
	 	 	 
	 	RAYNE
    FORECAST INC.
	 	 	 
	 	By:	 
	 	 	Todd
    Davis, Chief Executive Officer
	 	 	 
	 	 
	 	TODD
    ALLEN DAVIS
	 	An
    individual

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	7	

     

    

 

Attachment
A

 

Unanimous
Written Consent of EDXC

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	ATTACHMENT A	 

     

    

 

Attachment
B

 

Unanimous
Written Consent of CBDU

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	ATTACHMENT B	 

     

    

 

Exhibit
A

 

EDXC
Equity

 

	Mr. Davis:	 3,000,000 shares of EDXC common stock in book entry at AST
	 	 
	Mr. Davis:	 44,175 shares of EDXC common stock held in IRA account at Charles Schwab
	 	 
	Rayne:	 59,957,275 shares of EDXC common stock in certificated form
	 	 
	Rayne:	 6,375,303 shares of EDXC common stock in book entry at AST
	 	 
	Rayne:	 15,795 shares of EDXC common stock held in account at E*Trade
	 	 
	Mr. Davis:	 719,571 shares of EDXC Series Z Convertible Preferred Stock (71,957,117 shares of EDXC common stock on an as-converted basis) held in book entry at EDXC

 

Surrendered
EDXC Equity

 

	Rayne:	20,612,060 shares of EDXC common stock in certificated form
	 	 
	Mr. Davis:	719,571 shares of EDXC Series Z Convertible Preferred Stock

 

Retained
EDXC Equity

 

	Mr. Davis:	3,000,000 shares of EDXC common stock in book entry at AST
	 	 
	Mr. Davis:	44,175 shares of EDXC common stock held in IRA account at Charles Schwab
	 	 
	Rayne:	18,819,072 shares of EDXC common stock in certificated form
	 	 
	Rayne:	6,375,303 shares of EDXC common stock in book entry at AST
	 	 
	Rayne:	15,795 shares of EDXC common stock held in account at E*Trade

 

Escrowed
EDXC Equity

 

	Rayne:	20,526,143 shares of EDXC common stock in certificated form

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	EXHIBIT A	 

     

    

 

Exhibit
B

 

Deferred
Payments and Obligations

 

Approximately
$260,000.00

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	EXHIBIT B	 

     

    

 

Exhibit
C

 

CBDU
Equity

 

30%
of the issued and outstanding capital stock of CBDU

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	EXHIBIT C	 

     

    

 

Exhibit
D

 

Form
of Escrow Agreement

 

    	Contribution and Exchange Agreement (Todd Davis) August 2022.5	EXHIBIT DExhibit
10.47

 

ESCROW
AGREEMENT

 

THIS
ESCROW AGREEMENT (this “Agreement”) is entered into as of August 31, 2022, by and among Rayne Forecast Inc., an Arizona
corporation (“Rayne”), Todd Allen Davis, an individual residing in the State of Arizona (“Mr. Davis”),
Endexx Corporation, a Nevada corporation (“EDXC”), and Randolf W. Katz, a member of, and on behalf of, Clark Hill
PLC, a Michigan domestic professional limited liability company (the “Escrow Agent”).
Each of Rayne and Mr. Katz may be referred to individually as a “Party” or collectively as the “Parties.”

 

A.
Rayne is the record holder of certain shares of common stock of EDXC, which includes the 20,526,143 shares of common stock that are the
subject of this Escrow Agreement (the “Escrow Stock”).

 

B.
Rayne, Mr. Davis, and EDXC entered into a series of agreements of even date herewith (the “August Agreements”).

 

C.
Pursuant to the terms and conditions of at least one of the August Agreements, the shares of Escrow Stock are being deposited into the
escrow that is created hereby, the release of which shares of Escrow Stock is governed by the provisions of the relevant August Agreements
and this Escrow Agreement.

 

D.
Rayne and EDXC desire that the Escrow Agent hold and release the shares of Escrow Stock, and the Escrow Agent has agreed to hold the
shares of Escrow Stock in escrow and, thereafter, to disburse the shares of Escrow Stock, all in according to the terms and conditions
of this Escrow Agreement.

 

NOW,
THEREFORE, in consideration of these presents and for such other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows:

 

AGREEMENT

 

1.
Appointment of the Escrow Agent; the Escrow Agent Fees; Expenses. Rayne and EDXC hereby appoint the Escrow Agent as the Escrow
Agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment on the terms set forth herein. The Escrow
Agent shall receive as compensation for the services to be rendered by the Escrow Agent hereunder the sum of $985.00 for administration
of the escrow described herein, along with reimbursement for all reasonable expenses, disbursements, and advances incurred or made by
the Escrow Agent in performance of his duties hereunder (including reasonable fees, expenses, and disbursements of its counsel). All
such fees are payable by EDXC.

 

2.
Delivery of the Shares of Escrow Stock. On or about the date of execution of this Escrow Agreement, Rayne, Mr. Davis, EDXC, and
the Escrow Agent shall promptly take such steps as may be required by the transfer agent for EDXC to cause the shares of Escrow Stock
to be registered in the name, “Randolf W. Katz, as Escrow Agent for Rayne Forecast Inc.” The shares of Escrow Stock shall
be held by the Escrow Agent pursuant to the terms hereof either in certificated form or in restricted book entry form pursuant to a lock-up
agreement with EDXC’s transfer agent to effectuate the provisions of this Escrow Agreement.

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	1

     

    

 

3.
Splits, Recapitalizations, Dividends, and the Like. In the event that EDXC shall (a) effectuate a forward split or a reverse split
of its common stock, (b) declare a dividend (whether in cash or in kind, in its derivative securities or in other rights, or in the equity
or debt securities of another entity, which securities are owned of record or beneficially by EDXC) to the holders of shares of its common
stock, (c) undergo a recapitalization, (d) make a pro rata distribution to the holders of its common stock, (e) undergo a fundamental
transaction, or (f) “spin-out” to the holders of its common stock any equity of any of EDXC’s wholly-owned, majority-owned,
or otherwise consolidated subsidiaries, then the shares of Escrow Stock shall be appropriately and equitably adjusted, as if such shares
were held of record by Rayne.

 

4.
Release of the Shares of Escrow Stock. All of the shares of Escrow Stock will be released (the “Escrow Release Condition”)
to Mr. Davis and Rayne, as relevant, if, when, and as EDXC has repaid or otherwise satisfied its obligations (the “EDXC Repayment”)
in full to each of the seven separate holders of EDXC’s promissory notes that were delivered by EDXC to each such holder on or
about the date of this Escrow Agreement, all of which promissory notes were executed and delivered by EDXC to their respective holders
in connection with the respective Settlement, Lock-up, and Leak-out Agreements between EDXC and each of such entities. The holders of
such notes are (i) Apollo Management Group, Inc., a Florida corporation, (ii) Apollo Capital Corp., a Delaware corporation, (iii) Apollo
Management SPV LLC, a Florida limited liability company, (iv) 3a Capital Establishment, a Lichtenstein corporation, (v) AJB Capital Investments,
LLC, a Delaware limited liability company, (vi) Jefferson Street Capital LLC, a New Jersey limited liability company, and (vii) M2B Funding
Corp., a Florida corporation. The Escrow Agent will rely on written confirmation from EDXC for notification of the Escrow Release Condition.
EDXC hereby covenants to the Parties that it will deliver to the Escrow Agent written notification of the Escrow Release Condition within
ten (10) calendar days of the occurrence of the EDXC Repayment. The Escrow Release Condition and the release by the Escrow Holder of
the shares of Escrow Stock as required herein shall not be dependent on either or both of Rayne or Mr. Davis having any relationship
with EDXC.

 

5.
Termination of Escrow. This escrow described herein shall terminate upon the Escrow Agent providing written instructions to EDXC’s
transfer agent with such other documentation as the transfer agent may reasonably require to effectuate the revesting of the shares of
Escrow Stock into the name of “Rayne Forecast Inc.”

 

6.
Liability of the Escrow Agent. The Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no
other duties shall be implied. The Escrow Agent may rely upon and shall not be liable for acting or refraining from acting upon any written
notice, instruction, or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the
proper Party or Parties. The Escrow Agent shall be under no duty to inquire into or investigate the validity, accuracy, or content of
any such document. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith except to the extent that
a court of competent jurisdiction or arbitrator, as applicable, determines that the Escrow Agent’s gross negligence, willful misconduct,
or fraud was the primary cause of any loss to a Party. The Escrow Agent may execute any of its powers and perform any of its duties hereunder
directly or through agents or attorneys and may consult with counsel, accountants, and other skilled persons to be selected and retained
by it in its sole discretion, provided that any such delegation shall not relieve The Escrow Agent from its obligations, duties, and
responsibilities hereunder. The Escrow Agent shall not be liable for anything done, suffered, or omitted in good faith by it in accordance
with the advice or opinion of any such counsel, accountants, or other skilled persons. In the event that The Escrow Agent shall be uncertain
as to its duties or rights hereunder or shall receive instructions, claims or demands from any Party that, in its opinion, conflict with
any of the provisions of this Escrow Agreement, or with any instructions, claims or demands from any other Party, it shall refrain from
taking any action and its sole obligation shall be to keep safely all property held in escrow until it shall be directed otherwise in
writing by the Investor or by a final arbitration decision or a non-appealable order or judgment of a court of competent jurisdiction.
Anything in this Escrow Agreement to the contrary notwithstanding, in no event shall the Escrow Agent be liable for special, indirect,
or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been
advised of the likelihood of such loss or damage and regardless of the form of action.

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	2

     

    

 

All
of the terms and conditions in connection with the Escrow Agent’s duties and responsibilities, and the rights of the Parties or
anyone else, are contained solely in this Escrow Agreement, and the Escrow Agent is not expected or required to be familiar with the
provisions of any other agreements, and shall not be charged with any responsibility or liability in connection with the observance of
the provisions of any such other agreements.

 

Except
as herein expressly provided, none of the provisions of this Escrow Agreement shall require the Escrow Agent to expend or risk its own
funds or otherwise incur financial liability or expense in the performance of any of its duties hereunder.

 

The
Escrow Agent is hereby authorized to comply with and obey all final non-appealable orders, judgments, decrees or writs entered or issued
by any court or final decision of any arbitrator, and in the event the Escrow Agent obeys or complies with any such final non-appealable
order, judgment, decree or writ of any court or final decision of any arbitrator, in whole or in part, after giving the other Parties
seven (7) days’ prior written notice, it shall not be liable to any of the other Parties hereto, nor to any other person or entity,
by reason of such compliance, notwithstanding that it shall be determined that any such final non-appealable order, judgment, decree,
writ, or final decision of a court or final decision of any arbitrator be entered without jurisdiction or be invalid for any reason or
be subsequently reversed, modified, annulled or vacated.

 

7.
Resignation or Removal of the Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such,
after which the Escrow Agent shall promptly deliver the shares of Escrow Stock in its possession to any successor The Escrow Agent then
jointly designated by the other Parties hereto in writing, or to any court of competent jurisdiction, whereupon the Escrow Agent shall
be discharged of and from any and all further obligations arising in connection with this Escrow Agreement. The Parties shall also have
the right at any time upon mutual agreement to substitute a new the Escrow Agent by giving written notice thereof to the Escrow Agent.
The resignation or removal of the Escrow Agent shall take effect on the earlier of (i) the appointment of a successor (including a court
of competent jurisdiction), or (ii) the day which is five (5) days after the date of delivery of its written notice of resignation to
the other Parties hereto or the date on which the Parties hereto deliver written notice of removal to the Escrow Agent, as applicable.
If at that time described in clause (ii) of the immediately preceding sentence, the Escrow Agent has not received a designation of a
successor the Escrow Agent, the Escrow Agent’s sole responsibility after that time shall be to retain and safeguard the shares
of Escrow Stock until receipt of a designation of a successor the Escrow Agent or a joint written disposition instruction by the other
Parties hereto or a final non-appealable order of a court of competent jurisdiction.

 

8.
Indemnification of the Escrow Agent. EDXC and Rayne shall jointly and severally indemnify, defend, and save harmless the Escrow
Agent and its members, managers, officers, agents and employees (the “Indemnified Parties”) from all loss, liability,
or expense (including the reasonable fees and expenses of outside counsel) arising out of or in connection with (i) the Escrow Agent’s
execution and performance of this Escrow Agreement, except in the case of any Indemnified Party to the extent that such loss, liability,
or expense is due to the gross negligence, willful misconduct, or fraud of such Indemnified Party or (ii) its following any instructions
or other directions executed by the Parties. Each of EDXC and Rayne acknowledges that the foregoing indemnities shall survive the resignation
or removal of the Escrow Agent or the termination of this Escrow Agreement.

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	3

     

    

 

9.
Disputes. In the event any dispute shall arise between EDXC and Rayne with respect to the release of the shares of Escrow Stock,
the Escrow Agent is permitted to interplead the shares of Escrow Stock into a competent federal or state court within the State of Nevada,
and thereafter shall be fully relieved from any and all liability or obligation with respect to the shares of Escrow Stock. Each of EDXC
and Rayne further agrees to pursue any redress or recourse in connection with such a dispute without making the Escrow Agent a party
to same.

 

10.
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 express courier service with charges prepaid, or (iv) transmitted
by hand delivery or e-mail 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 e-mail, with accurate confirmation generated by the transmitting computer, if possible, 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 (2nd) business day following the date of mailing or deposit with an express courier service, addressed
to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

If
to EDXC:

 

ENDEXX
Corporation

38246
North Hazelwood Circle

Cave
Creek, Arizona 85331

Attn:
Todd Davis, President

E-mail:
endexx@endexx.com

 

If
to Rayne:

 

Rayne
Forecast Inc.

37043
N. Kohuana Place

Cave
Creek, Arizona 85331

Attn:
Todd Davis, President

E-mail:
todski17@yahoo.com

 

If
to the Escrow Agent:

 

Clark
Hill PLC

555
South Flower Steet, 24th Floor

Los
Angeles, California 90071

Attn:
Randolf W. Katz, Member

E-mail:
rkatz@clarkhill.com and randy@randykatzlaw.com.

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	4

     

    

 

11.
Further Assurances. The Parties agree that, from time to time upon the written request of the Escrow Agent, the Parties shall
execute and deliver such further documents and do such other acts and things as the Escrow Agent may reasonably request in order to fully
effectuate the purposes of this Escrow Agreement.

 

12.
Entire Agreement. This Escrow Agreement constitutes the entire understanding and agreement of the Parties hereto with respect
to the general subject matter hereof, supersedes all prior discussions and agreements with respect thereto, and cannot be contradicted
by evidence of any alleged oral agreement. This Escrow Agreement may only be amended, modified, or rescinded by written agreement signed
by the Parties hereto.

 

13.
Authority; Counterparts. The persons signing below each represent and warrant that they have all requisite and necessary authority
to bind the Party for which they are signing to all the terms of this Escrow Agreement. This Escrow Agreement may be executed by signatures
sent by facsimile or other electronic means and in separate counterparts, each signature page of which shall be an original copy, all
of which together, when attached to the body hereof, shall constitute one instrument, binding upon all Parties hereto, notwithstanding
that all of the Parties shall not have signed the same counterparts.

 

14.
Governing Law. This Escrow Agreement shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation, and performance of this Escrow Agreement shall be governed by, the internal laws of the State of Nevada, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of Nevada or any other jurisdictions) that
would cause the application of the laws of any jurisdictions other than the State of Nevada. The Parties hereto hereby exclusively and
irrevocably submit to, and waive any objection against, the exclusive jurisdiction and venue of any state or federal court sitting in
Clark County, Nevada, over any proceeding arising out of or relating to this Escrow Agreement.

 

15.
Successors and Assigns. This Escrow Agreement shall be binding upon the Parties hereto and each of their successors and assigns.

 

16.
Assignment. None of the Parties may assign their respective interests in and to this Escrow Agreement without the prior written
consent of each other Party.

 

[Signature
Page to Follow.]

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	5

     

    

 

IN
WITNESS WHEREOF, the Seller and the Escrow Agent have executed this Escrow Agreement as of the date first above.

 

	 	RAYNE
    FORECAST INC.
	 	 	 
	 	By:	
	 	 	 
	 	 	Todd
    Davis, President
	 	 	 
	 	 	 
	 	 	TODD
    ALLEN DAVIS,
	 	 	 
	 	 	an
    individual
	 	 	 
	 	ENDEXX
    CORPORATION
	 	 	  
	 	By:	
	 	 	Todd
    Davis, President

 

	Appointment
    accepted	 	 
	as
    of the first date written above:	CLARK HILL PLC
	 	 	 
	 	By:	
	 	 	Randolf
    W. Katz, Member

 

    	Endexx and Todd Davis Escrow Agreement August 2022.2

	6

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