Document:

Exhibit 10.1

 

NEITHER THE CONVERTIBLE NOTE REPRESENTED
HEREBY NOR THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). THE CONVERTIBLE NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY BE REFERRED
TO COLLECTIVELY, AS THE “SECURITIES.” THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE
COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) A THIRD PARTY WHO SATISFIES THE TERMS AND CONDITIONS
SET FORTH BELOW, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, (C) IN ACCORDANCE WITH RULE 144 PROMULGATED BY THE SEC UNDER
THE ACT, IF APPLICABLE, AND IN ACCORDANCE WITH ANY APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS OR (D) IF THE COMPANY
HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, OR OTHERWISE SATISFIED ITSELF, THAT THE TRANSACTION
DOES NOT REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE U.S. STATE LAWS AND REGULATIONS GOVERNING THE OFFER AND SALE OF SECURITIES.

 

SEEDO CORP.

 

CONVERTIBLE PROMISSORY NOTE

 

	 	 	 
	Principal Amount: US$___________	 	Issuance Date: _____________________
	 	 	 

 

For value received, Seedo Corp., a Delaware
corporation (the “Company”) with offices located #3 Bethesda Metro Center – Suite 700, Bethesda, MD 20814 USA,
promises to pay to ________________ (the “Holder”), the principal sum of US$_____________ in accordance
with the terms of this Convertible Promissory Note (the “Note”). The Note is offered by the Company pursuant to a transaction
exempt from registration under the Securities Act of 1933, as amended (the “Act”), based upon Regulation D promulgated
by the United States Securities and Exchange Commission (the “SEC”) under the Act. under the Securities Act of 1933,
as amended (the “Act”). The Holder and the Company are sometimes referred to collectively, as the “Parties”
and individually, as a “Party.”

 

The
undersigned understands that the Note: (i) is being offered only to persons who are “accredited investors” as that
term is defined in Rule 501 of Regulation D; (ii) bears no interest; and (iii) the principal of the Note is convertible for a period
of _______ into a number of shares of the Company’s common stock (the “Shares”) based upon a conversion price of $0.10 through to
__________________ (the “Maturity Date”).

 

		1.	Interest,
Maturity and Default

 

(a) the entire unpaid
principal sum of this Note, shall become immediately due and payable upon (i) reaching the Maturity Date of the Loan (ii) the execution
by the Company of a general assignment for the benefit of creditors, (iii) the filing by or against the Company of a petition in
bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for
a period of 90 days or more, or (iv) the appointment of a receiver or trustee to take possession of the property or assets of the
Company.

 

		2.	Conversion

 

		(a)	Conversion
at Holder’s Election

 

The principal under this Note shall, at
the Holder’s election, be convertible at any time into shares of the Company’s common stock, par value $0.0001 per
share (the “Shares”) at a conversion price of $0.10 per share. 

 

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		(b)	Mechanics
and Effect of Conversion

 

No fractional Shares will be issued upon
conversion of this Note. In lieu of any fractional share to which the Holder would otherwise be entitled, round up the number of
Shares issuable to the next whole integer. Upon conversion of this Note pursuant to this Section 2, the Holder shall surrender
this Note, duly endorsed, at the principal offices of the Company or any transfer agent of the Company. At its expense, the Company
will, as soon as practicable thereafter, issue and deliver to such Holder, at the address of the Holder most recently furnished
in writing to the Company, a certificate or certificates for the number of Shares to which such Holder is entitled upon such conversion.
Upon conversion of this Note, the Company will be forever released from all of its obligations and liabilities under this Note
with regard to that portion of the principal amount and accrued interest being converted, including, without limitation, the obligation
to pay such portion of the principal amount and accrued interest.

 

		3.	Payment

 

All payments shall be made in lawful money
of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment
shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Any amounts due in
connection with this Note may be prepaid in whole or in part at any time without penalty upon ten (10) days’ advance notice
by the Company to the registered holder of this Note.

 

		4.	Transfer;
Successors and Assigns

 

The terms and conditions of this Note shall
inure to the benefit of and be binding upon the respective successors and assigns of the Parties. Notwithstanding the foregoing,
except for a pledge of this Note to a bank or other financial institution that creates a mere security interest in this Note in
connection with a bona fide loan transaction, the Holder may not assign, pledge, or otherwise transfer this Note without the prior
written consent of the Company. Subject to the preceding sentence, this Note may be transferred only upon surrender of the original
Note to the Company for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer
in form satisfactory to the Company, and, thereupon, a new note for the same principal amount and interest will be issued to, and
registered in the name of, the transferee. Interest and principal are payable only to the registered holder of this Note.

 

		5.	Governing
Law; Jurisdiction

 

This Note shall be governed by and construed
under the laws of the State of New York, where the Company maintains its offices and banking relationships, among other relevant
contacts, without giving effect to principles of conflicts of law. The Parties irrevocably consent to the jurisdiction and venue
of the state and federal courts located in New York County, State of New York, in connection with any action relating to this Note.

 

		6.	Notices

 

Any notice required or permitted by this
Note shall be given in writing and shall be deemed effectively given (a) upon personal delivery to the party to be notified, (b)
upon confirmation of receipt by fax by the party to be notified, (c) one business day after deposit with a reputable overnight
courier, prepaid for overnight delivery and addressed as set forth in (d), or (d) three days after deposit with the United States
Post Office, postage prepaid, registered or certified with return receipt requested and addressed to the party to be notified at
the address of such party indicated on the signature page hereof, or at such other address as such party may designate by 10 days’
advance written notice to the other party given in the foregoing manner.

 

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		7.	Amendments
and Waivers

 

Any term of this Note may be amended only
with the written consent of the Company and the holders of a majority in interest of the Notes. Any amendment or waiver effected
in accordance with this Section 7 shall be binding upon the Company, each Holder and each transferee of the Note.

 

		8.	Shareholders,
Officers and Directors Not Liable

 

In no event shall any shareholder, officer
or director of the Company be liable for any amounts due or payable pursuant to this Note.

 

		9.	Action
to Collect on Note

 

If action at law or equity is necessary
to enforce or interpret the terms of this Note, the prevailing party shall be entitled to reasonable attorney’s fees, costs
and necessary disbursements in addition to any other relief to which such party may be entitled.

 

		10.	Waiver
of Jury Trial

 

Each of the Company and Holder hereby waives
its right to trial by jury in any claim (whether based upon contract, tort or otherwise) under, related to or arising in connection
with this Note.

 

		11.	Waiver
of Notice of Presentment

 

The Company hereby waives presentment,
protest and demand, notice of protest, demand and dishonor and non-payment of this Note in connection with the delivery, acceptance,
performance, default or enforcement of the payment of this Note.

 

SEEDO CORP.

 

By:  _________________________

Name: _______________________

Title: ________________________

 

AGREED TO AND ACCEPTED 

BY HOLDER:

 

By:________________________________

Name: ________________________

Title (if applicable): _____________

Address: ___________________________

___________________________________

___________________________________

Email: _____________________________

Tax ID (if applicable):________________

 

 

3Exhibit 10.1

 

PROMISSORY
NOTE

 

Dated: November
13, 2020

 

FOR VALUE
RECEIVED, and intending to be legally bound, Patricia Acquisition Corp., a Delaware corporation (the
“Maker”), with an address at 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431, hereby
unconditionally and irrevocably promises to pay to the order of Mark Tompkins, an individual (the “Payee”)
with an address at Apt. 1, Via Guidino 23, 6900 Lugano, Paradiso, Switzerland, in lawful money of the United States of
America, the sum of any and all amounts that the Payee may advance to the Maker or any other third parties on behalf of the
Maker as set forth on Schedule A attached hereto, which may be amended from time to time as funds are advanced (the
“Principal Amount”) on or before the date (the “Maturity Date”) that the Maker (or a
wholly owned subsidiary of the Maker) consummates a business combination with a private company in a reverse merger or
reverse takeover transaction or other transaction after which the Maker would cease to be a shell company (as defined in Rule
12b-2 under the Securities Exchange Act of 1934, as amended) (“Transaction”). In the event a Transaction
is consummated, the proceeds received by the Maker or a subsidiary of the Maker shall first be used to repay the entire
outstanding unpaid Principal Amount and then any accrued unpaid interest on this Note.

 

Interest
shall not accrue on the outstanding Principal Amount of this Promissory Note unless as set forth below in the event of an Event
of Default (as defined below). This Promissory Note may be prepaid in whole or in part at any time or from time to time prior to
the Maturity Date.

 

For purposes
of this Promissory Note, an “Event of Default” shall occur if the Maker shall: (i) fail to pay the entire Principal
Amount of this Promissory Note when due and payable, (ii) admit in writing its inability to pay any of its monetary obligations
under this Promissory Note, (iii) make a general assignment of its assets for the benefit of creditors, or (iv) allow any proceeding
to be instituted by or against it seeking relief from or by creditors, including, without limitation, any bankruptcy proceedings.

 

In the event
that an Event of Default has occurred, the Payee or any other holder of this Promissory Note may, by notice to the Maker, declare
this entire Promissory Note to be forthwith immediately due and payable, without presentment, demand, protest or further notice
of any kind, all of which are hereby expressly waived by the Maker. In the event that an Event of Default consisting of a voluntary
or involuntary bankruptcy filing has occurred, then this entire Promissory Note shall automatically become due and payable without
any notice or other action by Payee. Commencing five days after the occurrence of any Event of Default, interest shall accrue on
the outstanding Principal Amount of this Promissory Note and any other amounts payable hereunder (including costs of collection)
at the rate of eighteen percent (18%) per annum on the basis of a 360-day year.

 

The non-exercise
or delay by the Payee or any other holder of this Promissory Note of any of its rights hereunder in any particular instance shall
not constitute a waiver thereof in that or any subsequent instance. No waiver of any right shall be effective unless in writing
signed by the Payee, and no waiver on one or more occasions shall be conclusive as a bar to or waiver of any right on any other
occasion.

 

Should any
part of the indebtedness evidenced hereby be collected by law or through an attorney-at-law, the Payee or any other holder of this
Promissory Note shall, if permitted by applicable law, be entitled to collect from the Maker all reasonable costs of collection,
including, without limitation, attorneys’ fees.

 

     

     

    

 

All notices
and other communications must be in writing to the address of the party set forth in the first paragraph hereof and shall be deemed
to have been received when delivered personally (which shall include via an overnight courier service) or, if mailed, three (3)
business days after having been mailed by registered or certified mail, return receipt requested, postage prepaid. The parties
may designate by notice to each other any new address for the purpose of this Promissory Note.

 

Maker hereby
forever waives presentment, demand, presentment for payment, protest, notice of protest, and notice of dishonor of this Promissory
Note and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Promissory
Note.

 

This Promissory
Note shall be binding upon the successors and assigns of the Maker, and shall be binding upon, and inure to the benefit of, the
successors and assigns of the Payee.

 

This Promissory
Note shall be governed by and construed in accordance with the internal laws of the State of Delaware.

 

[The remainder
of this page has been intentionally left blank.]

 

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IN WITNESS
WHEREOF, the undersigned Maker has executed this Promissory Note as of the date first written above.

 

	 	MAKER:
	 	 	 
	 	PATRICIA ACQUISITION CORP.
	 	 	 
	 	By:	             
	 	 	Ian Jacobs
	 	 	President

 

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Schedule
A

 

(as of November
13, 2020)

 

	 	 	Amount	 	 	Date of Advance
	 	 	 	 	 	 
	Advanced	 	$	10,000	 	 	November 13, 2020
	Aggregate Principal Amount	 	$	10,000

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