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SECURITIES PURCHASE AGREEMENT

This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of March 30, 2017, by and

between  iGambit  Inc.,  a  Delaware  corporation,  with  its  address  at  1050  W.  Jericho  Turnpike,  Suite  A,

Smithtown,  NY  11787  (the  “Company”),  and  POWER  UP  LENDING  GROUP  LTD.,  a  Virginia  corporation,

with its address at 111 Great Neck Road, Suite 216, Great Neck, NY 11021 (the “Buyer”).

WHEREAS:

A.

The Company and the Buyer are executing and delivering this Agreement in reliance upon

the  exemption  from  securities  registration  afforded  by  the  rules  and  regulations  as  promulgated  by  the

United  States  Securities  and  Exchange  Commission  (the  “SEC”)  under  the  Securities  Act  of  1933,  as

amended (the “1933 Act”); and

B.

Buyer desires to purchase and the Company desires to issue and sell, upon the terms and

conditions set forth in this Agreement a convertible note of the Company, in the form attached hereto as

Exhibit   A,   in   the   aggregate   principal   amount   of   $75,000.00   (together   with   any   note(s)   issued   in

replacement  thereof  or  as  a  dividend  thereon  or  otherwise  with  respect  thereto  in  accordance  with  the

terms  thereof,  the  “Note”),  convertible  into shares  of  common  stock,  $0.001  par  value  per  share,  of  the

Company  (the  “Common  Stock”),  upon  the  terms  and subject  to  the  limitations and  conditions  set  forth

in such Note.

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

1.

Purchase and Sale of Note.

a.

Purchase of Note.  On the Closing Date (as defined below), the Company

shall  issue  and  sell  to  the  Buyer  and  the  Buyer  agrees  to  purchase  from  the  Company  such  principal

amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

b.

Form  of  Payment.   On  the Closing  Date  (as  defined  below), (i)  the  Buyer

shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the

“Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the

Company’s written  wiring  instructions,  against  delivery  of  the  Note  in  the  principal  amount  equal  to  the

Purchase  Price  as  is  set  forth  immediately  below  the  Buyer’s  name  on  the  signature  pages  hereto,  and

(ii) the  Company  shall  deliver  such  duly  executed  Note  on  behalf  of  the  Company,  to  the  Buyer,  against

delivery of such Purchase Price.

c.

Closing  Date.     Subject  to  the  satisfaction  (or  written  waiver)  of  the

conditions thereto set forth in Section 6  and Section 7  below, the date and time of the issuance and sale

of the Note pursuant to this  Agreement (the “Closing Date”) shall  be 12:00 noon,  Eastern Standard Time

on  or  about  March  31,  2017,  or  such  other  mutually  agreed  upon  time.   The  closing  of  the  transactions

contemplated  by  this  Agreement  (the  “Closing”)  shall  occur  on  the  Closing  Date  at  such location  as  may

be agreed to by the parties.

2.

Buyer’s Representations and Warranties.   The  Buyer represents and warrants to

the Company that:

a.

Investment Purpose.   As  of  the  date  hereof,  the  Buyer  is  purchasing  the

Note  and  the  shares  of  Common  Stock  issuable  upon  conversion  of  or  otherwise  pursuant  to  the  Note

(such  shares  of  Common  Stock  being  collectively  referred  to  herein  as  the  “Conversion  Shares”  and,

collectively with the Note, the “Securities”) for its own account and not with a present view towards the

public  sale  or  distribution  thereof,  except  pursuant  to  sales  registered  or  exempted  from  registration

under the 1933 Act.

b.

Accredited Investor Status.  The Buyer is an “accredited investor” as that

term is defined in Rule 501(a) of Regulation D (an “Accredited Investor”).

c.

Reliance  on  Exemptions.   The  Buyer  understands  that  the  Securities  are

being  offered  and  sold  to  it  in  reliance  upon  specific  exemptions  from  the  registration  requirements  of

United  States  federal  and  state  securities  laws  and  that  the  Company  is  relying  upon  the  truth  and

accuracy    of,    and    the    Buyer’s    compliance    with,    the    representations,    warranties,    agreements,

acknowledgments and understandings of the Buyer set forth herein in order to determine the availability

of such exemptions and the eligibility of the Buyer to acquire the Securities.

d.

Information.   The  Company  has  not  disclosed  to  the  Buyer  any  material

nonpublic  information  and will  not  disclose  such information  unless  such information is  disclosed  to the

public prior to or promptly following such disclosure to the Buyer.

e.

Legends.   The  Buyer  understands  that  the  Note  and,  until  such  time  as

the Conversion Shares have been registered under the 1933 Act; or may be sold pursuant to an applicable

exemption  from  registration,  the  Conversion  Shares  may  bear  a  restrictive  legend  in  substantially  the

following form:

"THE  SECURITIES  REPRESENTED  BY  THIS  INSTRUMENT  HAVE  NOT  BEEN

REGISTERED  UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE

"SECURITIES  ACT"),  OR  UNDER  ANY  STATE  SECURITIES  LAWS,  AND  MAY

NOT  BE  PLEDGED,  SOLD,  ASSIGNED,  HYPOTHECATED  OR  OTHERWISE

TRANSFERRED  UNLESS  (1)  A  REGISTRATION  STATEMENT  WITH  RESPECT

THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE

STATE   SECURITIES   LAWS   OR   (2)   THE   ISSUER   OF   SUCH   SECURITIES

RECEIVES    AN   OPINION   OF   COUNSEL   TO    THE   HOLDER   OF    SUCH

SECURITIES,    WHICH    COUNSEL    AND    OPINION    ARE    REASONABLY

ACCEPTABLE TO THE ISSUER’S TRANSFER AGENT, THAT SUCH SECURITIES

MAY  BE  PLEDGED,  SOLD,  ASSIGNED,  HYPOTHECATED  OR  OTHERWISE

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TRANSFERRED   WITHOUT   AN   EFFECTIVE   REGISTRATION   STATEMENT

UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS."

The  legend  set  forth  above  shall  be  removed  and  the  Company  shall  issue  a  certificate  without

such  legend  to  the  holder  of  any  Security  upon  which  it  is  stamped,  if,  unless  otherwise  required  by

applicable  state  securities  laws,  (a)  such  Security  is  registered  for  sale  under  an  effective  registration

statement filed under the 1933 Act or otherwise may be sold pursuant to an exemption from registration

without any restriction as to the number of securities as of a particular date that can then be immediately

sold,  or  (b)  such  holder provides the  Company  with an  opinion  of counsel, in form,  substance  and scope

customary  for opinions of counsel in comparable  transactions,  to the  effect that a public sale  or  transfer

of  such  Security  may  be  made  without  registration  under  the  1933  Act,  which  opinion  shall  be  accepted

by  the  Company  so that the  sale  or  transfer  is  effected.   The  Buyer  agrees to  sell  all  Securities, including

those  represented  by  a  certificate(s)  from  which  the  legend  has  been  removed,  in  compliance  with

applicable  prospectus  delivery  requirements,  if  any.  In  the  event  that  the  Company  does  not  accept  the

opinion  of  counsel  provided  by  the  Buyer  with  respect  to  the  transfer  of  Securities  pursuant  to  an

exemption from  registration,  such as  Rule  144,  at  the Deadline, it  will  be  considered an Event  of Default

pursuant to Section 3.2 of the Note.

f.

Authorization;  Enforcement.  This  Agreement  has  been  duly  and  validly

authorized.    This  Agreement  has  been  duly  executed  and  delivered  on  behalf  of  the  Buyer,  and  this

Agreement  constitutes  a  valid  and  binding  agreement  of  the  Buyer  enforceable  in  accordance  with  its

terms.

3.

Representations and Warranties of the  Company.   The  Company  represents  and

warrants to the Buyer that:

a.

Organization and Qualification.  The Company and each of its Subsidiaries

(as defined below), if any, is a corporation duly organized, validly existing and in good standing under the

laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other) to

own, lease, use and operate its properties and to carry on its business as and where now owned, leased,

used,  operated  and  conducted.   “Subsidiaries”  means  any  corporation  or  other  organization,  whether

incorporated  or  unincorporated,  in  which  the  Company  owns,  directly  or  indirectly,  any  equity  or  other

ownership interest.

b.

Authorization; Enforcement.  (i) The Company has all requisite corporate

power  and  authority  to  enter  into  and  perform  this  Agreement,  the  Note  and  to  consummate  the

transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms

hereof  and thereof,  (ii) the  execution and  delivery  of this Agreement,  the Note  by  the  Company  and the

consummation  by  it  of  the  transactions  contemplated hereby  and  thereby  (including  without limitation,

the issuance of the Note and the issuance and reservation for issuance of the Conversion Shares issuable

upon conversion or exercise thereof) have been duly authorized by the Company’s Board of Directors and

no further consent or authorization of the Company, its Board of Directors, or its shareholders is required,

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(iii)   this   Agreement   has   been   duly   executed   and   delivered   by   the   Company   by   its   authorized

representative,  and  such  authorized  representative  is  the  true  and  official  representative  with  authority

to sign this Agreement and the other documents executed in connection herewith and bind the Company

accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the

Note,  each  of  such  instruments  will  constitute,  a  legal,  valid  and  binding  obligation  of  the  Company

enforceable against the Company in accordance with its terms.

c.

Capitalization.   As  of  the  date  hereof,  the  authorized  common  stock  of

the Company consists of 200,000,000 authorized shares of Common Stock, $0.001 par value per share, of

which 56,718,990 shares are issued and outstanding; and 7,867,133 shares are reserved for issuance upon

conversion of the Note.  All of such outstanding shares of capital stock are, or upon issuance will be, duly

authorized, validly issued, fully paid and non-assessable.  .

d.

Issuance  of  Shares.    The  Conversion  Shares  are  duly  authorized  and

reserved  for  issuance  and,  upon  conversion  of  the  Note  in  accordance  with  its  respective  terms,  will  be

validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with

respect  to  the  issue  thereof  and  shall  not  be  subject  to  preemptive  rights  or  other  similar  rights  of

shareholders of the Company and will not impose personal liability upon the holder thereof.

e.

No    Conflicts.       The    execution,    delivery    and    performance    of    this

Agreement,  the  Note  by  the  Company  and  the  consummation  by  the  Company  of  the  transactions

contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance

of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate

of  Incorporation  or  By-laws,  or  (ii)  violate  or  conflict  with,  or  result  in  a  breach  of  any  provision  of,  or

constitute a default (or an event which with notice or lapse of time or both could become a default) under,

or  give  to  others  any  rights of  termination,  amendment,  acceleration  or  cancellation  of,  any  agreement,

indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries is a party,

or  (iii)   result in  a violation of  any law, rule, regulation,  order, judgment  or decree  (including  federal  and

state  securities  laws  and  regulations  and  regulations  of  any  self-regulatory  organizations  to  which  the

Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which any

property or asset of the Company or any of its Subsidiaries is bound or affected (except for such conflicts,

defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually

or in the aggregate, have a Material Adverse Effect).  The businesses of the Company and its Subsidiaries,

if any, are not being conducted, and shall not be conducted so long as the Buyer owns any of the Securities,

in  violation  of  any  law,  ordinance  or  regulation  of  any  governmental  entity.   “Material  Adverse  Effect”

means any material adverse effect on the business, operations, assets, financial condition or prospects of

the Company or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or

by the agreements or instruments to be entered into in connection herewith.

f.

SEC Documents; Financial Statements.  The Company has filed all reports,

schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the

reporting  requirements  of  the  Securities  Exchange  Act  of  1934,  as  amended  (the  “1934  Act”)  (all  of  the

foregoing  filed  prior  to  the  date  hereof  and  all  exhibits  included  therein  and  financial  statements  and

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schedules  thereto  and  documents  (other  than  exhibits  to  such  documents)  incorporated  by  reference

therein,  being  hereinafter  referred  to  herein  as  the  “SEC  Documents”).    Upon  written  request  the

Company  will  deliver  to  the  Buyer  true  and  complete  copies  of  the  SEC  Documents,  except  for  such

exhibits  and incorporated documents.   As  of  their  respective  dates  or if  amended,  as  of  the  dates of  the

amendments, the SEC Documents complied in all material respects with the requirements of the 1934 Act

and the  rules and regulations of  the  SEC  promulgated thereunder  applicable  to the  SEC Documents, and

none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of

a  material  fact  or  omitted to  state  a  material  fact  required  to  be  stated  therein or  necessary  in  order  to

make the statements therein, in light of the circumstances under which they were made, not misleading.

None  of  the  statements  made  in  any  such  SEC  Documents  is,  or  has  been,  required  to  be  amended  or

updated   under   applicable  law  (except   for   such  statements   as  have  been  amended   or   updated  in

subsequent  filings  prior  the  date  hereof).   As  of  their  respective  dates  or  if  amended,  as  of  the  dates  of

the  amendments,  the  financial  statements  of  the  Company  included  in  the  SEC  Documents  complied  as

to  form  in  all  material  respects  with  applicable  accounting  requirements  and  the  published  rules  and

regulations of the SEC with respect thereto.  Such financial statements have been prepared in accordance

with  United  States  generally  accepted  accounting  principles,  consistently  applied,  during  the  periods

involved  and fairly present in all material respects the consolidated financial position of the Company and

its consolidated Subsidiaries as  of  the  dates thereof  and  the  consolidated results of their operations  and

cash flows for the  periods then ended (subject, in the case of unaudited statements, to normal  year-end

audit adjustments).  The Company is subject to the reporting requirements of the 1934 Act.

g.

Absence  of  Certain  Changes.   Since  September  30,  2016,  except  as  set

forth  in  the  SEC  Documents,  there  has  been  no  material  adverse  change  and  no  material  adverse

development  in  the  assets,  liabilities,  business,  properties,  operations,  financial  condition,  results  of

operations, prospects or 1934 Act reporting status of the Company or any of its Subsidiaries.

h.

Absence of Litigation.  Except as set forth in the SEC Documents, there is

no   action,   suit,   claim,   proceeding,   inquiry   or   investigation   before   or   by   any   court,   public   board,

government  agency,  self-regulatory  organization  or  body  pending  or,  to  the  knowledge  of  the  Company

or any  of its Subsidiaries, threatened against  or affecting the Company  or any of its Subsidiaries, or their

officers  or  directors  in  their  capacity  as  such,  that  could  have  a  Material  Adverse  Effect.   The  Company

and  its  Subsidiaries  are  unaware  of  any  facts  or  circumstances  which  might  give  rise  to  any  of  the

foregoing.

i.

No  Integrated  Offering.   Neither  the  Company,  nor  any  of  its  affiliates,

nor  any  person  acting  on  its  or  their  behalf,  has  directly  or  indirectly  made  any  offers  or  sales  in  any

security  or  solicited  any  offers  to  buy  any  security  under  circumstances  that  would  require  registration

under  the  1933  Act  of  the  issuance  of  the  Securities  to  the  Buyer.   The  issuance  of  the  Securities  to  the

Buyer will not be integrated with any other issuance of the Company’s securities (past, current or future)

for purposes of any shareholder approval provisions applicable to the Company or its securities.

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j.

No  Brokers.   The  Company  has  taken  no  action  which  would  give  rise  to

any claim by any person for brokerage commissions, transaction fees or similar payments relating to this

Agreement or the transactions contemplated hereby.

k.

No  Investment  Company.   The  Company  is  not,  and  upon  the  issuance

and  sale  of  the  Securities  as  contemplated  by  this  Agreement  will  not  be  an  “investment  company”

required to  be  registered  under  the  Investment  Company  Act  of  1940  (an  “Investment  Company”).   The

Company is not controlled by an Investment Company.

l.

Breach   of   Representations   and  Warranties   by   the  Company.     If  the

Company breaches any of the representations or warranties set forth in this Section 3, and in addition to

any  other  remedies  available  to  the  Buyer  pursuant  to  this  Agreement,  it will  be  considered  an  Event  of

default under Section 3.4 of the Note.

4.

COVENANTS.

a.

Best Efforts.  The Company shall use its best efforts to satisfy timely each

of the conditions described in Section 7 of this Agreement.

b.

Form  D;  Blue  Sky  Laws.   The  Company  agrees  to  timely  make  any  filings

required  by  federal  and  state  laws  as  a  result  of  the  closing  of  the  transactions  contemplated  by  this

Agreement.

c.

Use  of  Proceeds.     The  Company  shall  use  the  proceeds  for  general

working capital purposes.

d.

Expenses.   At  the  Closing,  the  Company’s  obligation  with  respect  to  the

transactions  contemplated  by  this  Agreement  is  to  reimburse  Buyer’  expenses  shall  be  $3,000.00  for

Buyer’s legal fees and due diligence fee.

e.

Corporate  Existence.   So  long  as  the  Buyer  beneficially  owns  any  Note,

the  Company  shall  maintain  its  corporate  existence  and  shall  not  sell  all  or  substantially  all  of  the

Company’s assets, except with the prior written consent of the Buyer.

f.

Breach of Covenants.  If the Company breaches any of the covenants set

forth  in  this  Section  4,  and  in  addition  to  any  other  remedies  available  to  the  Buyer  pursuant  to  this

Agreement, it will be considered an event of default under Section 3.4 of the Note.

g.

Failure  to  Comply  with  the  1934  Act.   So  long  as  the  Buyer  beneficially

owns  the  Note,  the  Company  shall  comply  with  the  reporting  requirements  of  the  1934  Act;  and  the

Company shall continue to be subject to the reporting requirements of the 1934 Act.

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5.

Transfer Agent Instructions.   The Company shall issue irrevocable instructions to

its  transfer  agent  to  issue  certificates,  registered  in  the  name  of  the  Buyer  or  its  nominee,  for  the

Conversion  Shares  in  such  amounts  as  specified  from  time  to  time  by  the  Buyer  to  the  Company  upon

conversion   of   the   Note   in   accordance   with   the   terms   thereof   (the   “Irrevocable   Transfer   Agent

Instructions”).  In  the  event  that the  Company  proposes  to replace  its  transfer agent,  the  Company  shall

provide,  prior  to  the  effective  date  of  such  replacement,  a  fully  executed  Irrevocable  Transfer  Agent

Instructions  in  a  form  as  initially  delivered  pursuant  to  this  Agreement  (including  but  not  limited  to  the

provision to irrevocably reserve shares of Common Stock in the Reserved Amount as such term is defined

in the Note) signed by the successor transfer agent to Company and the Company. Prior to registration of

the  Conversion  Shares  under  the  1933  Act  or  the  date  on  which  the  Conversion  Shares  may  be  sold

pursuant to an exemption from registration, all such certificates shall bear the restrictive legend specified

in   Section   2(e)   of   this   Agreement.    The   Company  warrants   that:   (i)   no   instruction   other  than  the

Irrevocable  Transfer  Agent  Instructions  referred  to  in  this  Section  5,  will  be  given  by  the  Company  to  its

transfer agent and that the Securities shall  otherwise be  freely  transferable  on the  books  and records of

the Company as and to the extent provided in this Agreement and the Note; (ii) it will not direct its transfer

agent    not    to    transfer    or    delay,   impair,    and/or   hinder   its   transfer   agent    in    transferring    (or

issuing)(electronically  or  in  certificated  form)  any  certificate  for  Conversion  Shares  to  be  issued  to  the

Buyer  upon conversion of  or  otherwise  pursuant to the  Note  as and when  required by  the Note and  this

Agreement; and (iii) it will not fail to remove (or directs its transfer agent not to remove or impairs, delays,

and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer

instructions  in  respect  thereof)  on  any  certificate  for  any  Conversion  Shares  issued  to  the  Buyer  upon

conversion   of   or   otherwise  pursuant   to   the  Note  as   and  when  required   by  the   Note   and/or   this

Agreement.  If the Buyer provides the Company and the Company’s transfer, at the cost of the Buyer, with

an  opinion  of  counsel  in  form,  substance  and  scope  customary  for  opinions  in  comparable  transactions,

to the effect that a public sale or transfer of such Securities may be made without registration under the

1933  Act,  the  Company  shall  permit  the  transfer,  and,  in  the  case  of  the  Conversion  Shares,  promptly

instruct its transfer agent to issue one or more certificates, free from restrictive legend, in such name and

in  such  denominations  as  specified  by  the  Buyer.   The  Company  acknowledges  that  a  breach  by  it  of  its

obligations hereunder will cause irreparable harm to the Buyer, by vitiating the intent and purpose of the

transactions contemplated hereby.   Accordingly,  the Company  acknowledges  that  the  remedy  at law  for

a breach of its obligations under this Section 5 may be inadequate and agrees, in the event of a breach or

threatened  breach  by  the  Company  of  the  provisions  of  this  Section,  that  the  Buyer  shall  be  entitled,  in

addition to all other available remedies, to an injunction restraining any breach and requiring immediate

transfer,  without  the  necessity  of  showing  economic  loss  and  without  any  bond  or  other  security  being

required.

6.

Conditions  to  the  Company’s  Obligation  to  Sell.   The  obligation  of  the  Company

hereunder to issue and sell the Note to the Buyer at the Closing is subject to the satisfaction, at or before

the  Closing  Date  of  each  of  the  following  conditions  thereto,  provided  that  these  conditions  are  for  the

Company’s sole benefit and may be waived by the Company at any time in its sole discretion:

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a.

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

the Company.

b.

The  Buyer  shall  have  delivered  the  Purchase  Price  in  accordance  with

Section 1(b) above.

c.

The representations and warranties of the Buyer shall be true and correct

in all material respects as of the date when made and as of the Closing Date as though made at that time

(except  for  representations  and  warranties  that  speak  as  of  a  specific  date),  and  the  Buyer  shall  have

performed, satisfied and complied in all material respects with the covenants, agreements and conditions

required  by  this  Agreement  to  be  performed,  satisfied  or  complied  with  by  the  Buyer  at  or  prior  to  the

Closing Date.

d.

No  litigation,  statute,  rule,  regulation,  executive  order,  decree,  ruling  or

injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental

authority of competent jurisdiction or any self-regulatory  organization having authority over the matters

contemplated hereby which prohibits the consummation of any of the transactions contemplated by this

Agreement.

7.

Conditions  to  The  Buyer’s  Obligation  to  Purchase.   The  obligation  of  the  Buyer

hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date

of  each  of  the  following  conditions,  provided  that  these  conditions  are  for  the  Buyer’s  sole  benefit  and

may be waived by the Buyer at any time in its sole discretion:

a.

The  Company  shall  have  executed  this  Agreement  and  delivered  the

same to the Buyer.

b.

The  Company  shall  have  delivered  to  the  Buyer  the  duly  executed  Note

(in such denominations as the Buyer shall request) in accordance with Section 1(b) above.

c.

The   Irrevocable   Transfer   Agent   Instructions,   in   form   and   substance

satisfactory  to  the  Buyer,  shall  have  been  delivered  to  and  acknowledged  in  writing  by  the  Company’s

Transfer Agent.

d.

The  representations  and  warranties  of  the  Company  shall  be  true  and

correct  in  all  material  respects  as  of  the  date  when  made  and  as  of  the  Closing  Date  as  though  made  at

such  time  (except  for  representations  and  warranties that  speak  as  of  a  specific  date)  and  the  Company

shall have performed, satisfied and complied in all material respects with the covenants, agreements and

conditions required by this Agreement to be performed, satisfied or complied with by the Company at or

prior to the Closing Date.  The Buyer shall have received a certificate or certificates, executed by the chief

executive  officer  of  the  Company,  dated  as  of  the  Closing  Date,  to  the  foregoing  effect  and  as  to  such

other matters as may be reasonably requested by the Buyer including, but not limited to certificates with

respect to the Board of Directors’ resolutions relating to the transactions contemplated hereby.

8

e.

No  litigation,  statute,  rule,  regulation,  executive  order,  decree,  ruling  or

injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental

authority of competent jurisdiction or any self-regulatory  organization having authority over the matters

contemplated hereby which prohibits the consummation of any of the transactions contemplated by this

Agreement.

f.

No event shall have occurred which could reasonably be expected to have

a Material Adverse Effect on the Company including but not limited to a change in the 1934 Act reporting

status of the Company or the failure of the Company to be timely in its 1934 Act reporting obligations.

g.

The  Conversion  Shares  shall  have  been  authorized  for  quotation  on  an

exchange or electronic quotation system and trading in the Common Stock on such exchange or electronic

quotation  system  shall  not  have  been  suspended  by  the  SEC  or  an  exchange  or  electronic  quotation

system.

h.

The Buyer shall have received an officer’s certificate described in Section

3(d) above, dated as of the Closing Date.

8.

Governing Law; Miscellaneous.

a.

Governing  Law.   This  Agreement  shall  be  governed  by  and  construed  in

accordance  with  the  laws  of  the  State  of  Virginia  without  regard  to  principles  of  conflicts  of  laws.   Any

action  brought  by  either  party  against  the  other  concerning  the  transactions  contemplated  by  this

Agreement  shall  be  brought  only  in  the  state  courts  of  New  York  or  in  the  federal  courts  located  in  the

state  and  county  of  Nassau.   The  parties  to  this  Agreement  hereby  irrevocably  waive  any  objection  to

jurisdiction and venue  of  any  action instituted hereunder and shall  not  assert any  defense  based on lack

of jurisdiction or venue or based upon forum non conveniens.  The Company and Buyer waive trial by jury.

The  prevailing  party  shall  be  entitled  to  recover  from  the  other  party  its  reasonable  attorney's  fees  and

costs.  In the event that any provision of this Agreement or any other agreement delivered in connection

herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall

be  deemed  inoperative  to  the  extent  that  it  may  conflict  therewith  and  shall  be  deemed  modified  to

conform  with  such statute  or  rule  of  law.   Any  such  provision which  may  prove  invalid or  unenforceable

under any law shall not affect the validity or enforceability of any other provision of any agreement.   Each

party  hereby irrevocably waives personal  service  of process and consents to  process being served in  any

suit,  action  or  proceeding  in  connection  with  this  Agreement,  the  Note  or  any  related  document  or

agreement by mailing a copy  thereof via registered or certified mail  or overnight delivery  (with evidence

of  delivery)  to  such  party  at  the  address in  effect  for  notices  to  it  under  this  Agreement  and  agrees  that

such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained

herein  shall  be  deemed  to limit  in  any  way  any  right to  serve  process in  any  other  manner  permitted  by

law.

9

b.

Counterparts.      This   Agreement   may   be   executed   in   one   or   more

counterparts, each of which shall be deemed an original but all of which shall constitute one and the same

agreement and shall  become effective when counterparts have been signed by each party  and delivered

to the other party.

c.

Headings.     The   headings   of   this   Agreement   are   for   convenience   of

reference only and shall not form part of, or affect the interpretation of, this Agreement.

d.

Severability.   In the  event that any  provision of  this Agreement is invalid

or  unenforceable  under  any  applicable  statute  or  rule  of  law,  then  such  provision  shall  be  deemed

inoperative  to  the  extent  that  it  may  conflict  therewith  and  shall  be  deemed  modified  to  conform  with

such statute or rule of law.  Any provision hereof which may prove invalid or unenforceable under any law

shall not affect the validity or enforceability of any other provision hereof.

e.

Entire  Agreement;  Amendments.   This  Agreement  and  the  instruments

referenced  herein  contain  the  entire  understanding  of  the  parties  with  respect  to  the  matters  covered

herein  and  therein  and,  except  as  specifically  set  forth  herein  or  therein,  neither  the  Company  nor  the

Buyer  makes  any  representation,  warranty,  covenant  or  undertaking  with  respect  to  such  matters.   No

provision of this Agreement may be waived or amended other than by an instrument in writing signed by

the majority in interest of the Buyer.

f.

Notices.   All  notices,  demands,  requests,  consents,  approvals,  and  other

communications  required  or  permitted  hereunder  shall  be  in  writing  and,  unless  otherwise  specified

herein,  shall  be  (i)  personally  served,  (ii)  deposited  in  the  mail,  registered  or  certified,  return  receipt

requested,  postage  prepaid,  (iii)  delivered  by  reputable  air  courier  service  with  charges  prepaid,  or  (iv)

transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address

as  such  party  shall  have  specified  most  recently  by  written  notice.   Any  notice  or  other  communication

required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery

by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address

or  number  designated  below  (if  delivered  on  a  business  day  during  normal  business  hours  where  such

notice  is  to  be  received),  or  the  first  business  day  following  such  delivery  (if  delivered  other  than  on  a

business  day  during  normal  business  hours  where  such  notice  is  to  be  received)  or  (b)  on  the  second

business  day  following  the  date  of  mailing  by  express  courier  service,  fully  prepaid,  addressed  to  such

address,  or  upon  actual  receipt  of  such  mailing,  whichever  shall  first  occur.    The  addresses  for  such

communications  shall  be  as  set  forth in  the  heading  of  this  Agreement with  a copy  by  fax only  to  (which

copy shall not constitute notice) to Naidich Wurman LLP, 111 Great Neck Road, Suite 214, Great Neck, NY

11021,  Attn:  Allison  Naidich,  facsimile:  516-466-3555,  e-mail:  allison@nwlaw.com.    Each  party  shall

provide notice to the other party of any change in address.

g.

Successors and Assigns.  This Agreement shall be binding upon and inure

to  the  benefit  of  the  parties  and  their  successors  and assigns.   Neither  the  Company  nor  the  Buyer  shall

assign  this  Agreement  or  any  rights  or  obligations  hereunder  without  the  prior  written  consent  of  the

10

other.    Notwithstanding  the  foregoing,  the  Buyer  may  assign  its  rights  hereunder  to  any  person  that

purchases  Securities  in  a  private  transaction  from  the  Buyer  or  to  any  of  its  “affiliates,”  as  that  term  is

defined under the 1934 Act, without the consent of the Company.

h.

Survival.   The  representations  and  warranties  of  the  Company  and  the

agreements    and    covenants    set    forth    in    this    Agreement    shall    survive    the    closing    hereunder

notwithstanding  any  due  diligence  investigation  conducted  by  or  on  behalf  of  the  Buyer.   The  Company

agrees  to  indemnify  and  hold  harmless  the  Buyer  and  all  their  officers,  directors,  employees  and  agents

for loss or damage arising as a result of or related to any breach or alleged breach by the Company of any

of  its  representations,  warranties  and  covenants  set  forth  in  this  Agreement  or any  of  its  covenants  and

obligations under this Agreement, including advancement of expenses as they are incurred.

i.

Further Assurances.  Each party shall do and perform, or cause to be done

and performed, all such further acts and things, and shall execute and deliver all such other agreements,

certificates, instruments and documents, as the other party may reasonably request in order to carry out

the  intent  and  accomplish  the  purposes  of  this  Agreement  and  the  consummation  of  the  transactions

contemplated hereby.

j.

No  Strict  Construction.    The  language  used  in  this  Agreement  will  be

deemed  to  be  the  language  chosen  by  the  parties  to  express  their  mutual  intent,  and  no  rules  of  strict

construction will be applied against any party.

k.

Remedies.     The   Company   acknowledges   that   a   breach   by   it   of   its

obligations hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of the

transaction contemplated hereby.  Accordingly, the Company acknowledges that the remedy at law for a

breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or

threatened breach by the Company of the provisions of this Agreement, that the Buyer shall be entitled,

in  addition to all  other  available  remedies at law  or in equity, and in addition to the  penalties assessable

herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and

to  enforce  specifically  the  terms  and  provisions  hereof,  without  the  necessity  of  showing  economic  loss

and without any bond or other security being required.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

11

IN WITNESS WHEREOF, the undersigned Buyer and the Company have  caused this Agreement to

be duly executed as of the date first above written.

iGambit Inc.

By:________________________________

John Salerno

Chief Executive Officer

POWER UP LENDING GROUP LTD.

By: ____________________________________

Name: Curt Kramer

Title:   Chief Executive Officer

111 Great Neck Road, Suite 216

Great Neck, NY  11021

AGGREGATE SUBSCRIPTION AMOUNT:

Aggregate Principal Amount of Note:

$75,000.00

Aggregate Purchase Price:

$75,000.00

12Converted by EDGARwiz

NEITHER  THE  ISSUANCE  AND  SALE  OF  THE  SECURITIES  REPRESENTED  BY  THIS  CERTIFICATE  NOR  THE

SECURITIES  INTO  WHICH  THESE  SECURITIES  ARE  CONVERTIBLE  HAVE  BEEN  REGISTERED  UNDER  THE

SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY

NOT  BE OFFERED  FOR  SALE,  SOLD, TRANSFERRED  OR  ASSIGNED  IN  THE ABSENCE  OF (A) AN EFFECTIVE

REGISTRATION  STATEMENT  FOR  THE  SECURITIES  UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED,

OR  (B)  AN  OPINION  OF  COUNSEL  (WHICH  COUNSEL  SHALL  BE  SELECTED   BY  THE  HOLDER),  IN  A

GENERALLY    ACCEPTABLE    FORM,    THAT    REGISTRATION    IS    NOT    REQUIRED    UNDER    SAID    ACT.

NOTWITHSTANDING  THE  FOREGOING,  THE  SECURITIES  MAY  BE  PLEDGED  IN  CONNECTION  WITH  A

BONA  FIDE  MARGIN  ACCOUNT  OR  OTHER  LOAN  OR  FINANCING  ARRANGEMENT  SECURED  BY  THE

SECURITIES.

Principal Amount: $75,000.00

Issue Date: March 30, 2017

Purchase Price:  $75,000.00

CONVERTIBLE PROMISSORY NOTE

FOR VALUE RECEIVED, iGambit Inc., a Delaware corporation (hereinafter called the “Borrower”),

hereby  promises  to  pay  to  the  order  of  POWER  UP  LENDING  GROUP  LTD.,  a  Virginia  corporation,  or

registered assigns (the “Holder”) the sum of $75,000.00 together with any interest as set forth herein, on

January 15, 2018 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the

rate  of  eight  percent  (8%)(the  “Interest  Rate”)  per  annum  from  the  date  hereof  (the  “Issue  Date”)  until

the  same  becomes  due  and  payable,  whether  at  maturity  or  upon  acceleration  or  by  prepayment  or

otherwise.  This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein.

Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate

of  twenty  two  percent  (22%)  per  annum  from  the  due  date  thereof  until  the  same  is  paid  (“Default

Interest”).  Interest shall commence accruing on the date that the Note is fully paid and shall be computed

on  the  basis  of  a  365-day  year  and  the  actual  number  of  days  elapsed.   All  payments  due  hereunder  (to

the  extent  not  converted  into  common  stock,  $0.001  par  value  per  share  (the  “Common  Stock”)  in

accordance  with  the  terms  hereof)  shall  be  made  in  lawful  money  of  the  United  States  of  America.   All

payments  shall  be  made  at  such  address  as  the  Holder  shall  hereafter  give  to  the  Borrower  by  written

notice  made  in  accordance  with  the  provisions  of  this  Note.   Each  capitalized  term  used  herein,  and  not

otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement

dated the date hereof, pursuant to which this Note was originally issued (the “Purchase Agreement”).

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof

and shall  not be subject to preemptive rights or  other similar rights of shareholders of the Borrower and

will not impose personal liability upon the holder thereof.

The following terms shall apply to this Note:

ARTICLE I.  CONVERSION RIGHTS

1.1

Conversion Right.   The Holder shall  have the right from time to time, and at any

time  during the  period beginning on the  date  which  is one  hundred eighty  (180) days following the  date

of  this Note  and  ending  on  the  later  of:  (i) the  Maturity  Date  and  (ii) the  date  of payment  of  the  Default

Amount  (as  defined  in  Article  III),  each  in  respect  of  the  remaining  outstanding  principal  amount  of  this

Note to convert all or any part of the outstanding and unpaid principal amount of this Note into fully paid

and  non-assessable  shares  of  Common  Stock,  as  such  Common  Stock  exists  on  the  Issue  Date,  or  any

shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter

be changed or reclassified at the conversion price  (the “Conversion Price”) determined as provided herein

(a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert any portion

of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of

shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common

Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the

Notes  or  the  unexercised  or  unconverted  portion  of  any  other  security  of  the  Borrower  subject  to  a

limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of

shares  of  Common  Stock  issuable  upon  the  conversion  of  the  portion  of this Note  with  respect  to which

the  determination  of  this proviso is being  made,  would  result  in  beneficial  ownership  by  the  Holder  and

its affiliates of more than 4.99% of the outstanding shares of Common Stock.  For purposes of the proviso

to  the  immediately  preceding  sentence,  beneficial  ownership  shall  be  determined  in  accordance  with

Section 13(d) of  the  Securities Exchange  Act  of  1934,  as amended (the “Exchange Act”), and Regulations

13D-G  thereunder,  except as  otherwise  provided  in  clause  (1)  of  such  proviso.  The  beneficial  ownership

limitations  on  conversion  as  set  forth  in  the  section  may  NOT  be  waived  by  the  Holder.  The  number  of

shares of Common Stock to be issued upon each conversion of this Note shall  be determined by  dividing

the  Conversion Amount  (as defined below) by  the  applicable Conversion Price  then in effect  on the  date

specified in the notice of conversion, in the form attached hereto as Exhibit A (the “Notice of Conversion”),

delivered to the  Borrower by  the Holder in accordance  with Section 1.4  below;  provided that the  Notice

of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected

to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date

(the “Conversion Date”); however,  if the Notice of Conversion is sent after 6:00pm, New York, New York

time  the  Conversion  Date  shall  be  the  next  business  day.  The  term  “Conversion  Amount”  means,  with

respect to any  conversion of  this Note,  the  sum  of (1) the  principal  amount of  this Note  to be converted

in  such  conversion  plus  (2)  at  the  Holder’s  option,  accrued  and  unpaid  interest,  if  any,  on  such  principal

amount at the interest rates provided in this Note to the Conversion Date, plus (3) at the Holder’s option,

Default  Interest,  if  any,  on  the  amounts  referred  to  in  the  immediately  preceding  clauses  (1)  and/or  (2)

plus (4) at the Holder’s option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

1.2

Conversion  Price.    The  conversion  price  (the  “Conversion Price”)  shall  equal  the

Variable Conversion Price (as defined herein) (subject to equitable adjustments by  the  Borrower relating

to   the   Borrower’s   securities   or   the   securities   of   any   subsidiary   of   the   Borrower,   combinations,

recapitalization,   reclassifications,   extraordinary   distributions   and   similar   events).      The   "Variable

Conversion  Price"  shall  mean  65%  multiplied  by  the  Market  Price  (as  defined  herein)  (representing  a

discount rate of 35%).  “Market Price” means the average of the lowest three (3) Trading Prices (as defined

below)  for  the  Common  Stock  during  the  ten  (10)  Trading  Day  period  ending  on  the  latest  complete

Trading  Day  prior  to  the  Conversion  Date.   “Trading  Price”  means,  for  any  security  as  of  any  date,  the

closing  bid  price  on  the  OTCQB,  OTCQX,  Pink  Sheets  electronic  quotation  system  or  applicable  trading

market  (the  “OTC”)  as  reported  by  a  reliable  reporting  service  (“Reporting  Service”)  designated  by  the

Holder (i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid

price of such security on the principal securities exchange or trading market where such security is listed

or  traded  or,  if  no  closing  bid  price  of  such  security  is  available  in  any  of  the  foregoing  manners,  the

average of the closing bid prices of any market makers for such security that are listed in the “pink sheets”.

If the Trading Price cannot be calculated for such security on such date in the manner provided above, the

Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a

majority in interest of the Notes being converted for which the calculation of the Trading Price is required

in order to determine the Conversion Price of such Notes.  “Trading Day” shall mean any day on which the

2

Common  Stock  is  tradable  for  any  period  on  the  OTC,  or  on  the  principal  securities  exchange  or  other

securities market on which the Common Stock is then being traded.

1.3

Authorized   Shares.      The   Borrower   covenants   that   during   the   period   the

conversion  right  exists,  the  Borrower  will  reserve  from  its  authorized  and  unissued  Common  Stock  a

sufficient  number  of  shares,  free  from  preemptive  rights,  to  provide  for  the  issuance  of  Common  Stock

upon  the  full  conversion  of  this  Note  issued  pursuant  to  the  Purchase  Agreement.    The  Borrower  is

required  at  all  times  to  have  authorized  and  reserved  six  times  the  number  of  shares  that  would  be

issuable  upon  full  conversion  of  the  Note  (assuming  that  the  4.99%  limitation  set  forth  in  Section  1.1  is

not  in  effect)(based  on  the  respective  Conversion  Price  of  the  Note  (as  defined  in  Section  1.2)  in  effect

from time to time, initially 7,867,133)(the “Reserved Amount”).  The Reserved Amount shall be increased

(or decreased with the written consent of the Holder) from time to time in accordance with the Borrower’s

obligations hereunder.  The Borrower represents that upon issuance, such shares will  be duly and validly

issued,  fully  paid  and  non-assessable.   In  addition, if the  Borrower shall  issue  any  securities or  make  any

change to its capital structure which would change the number of shares of Common Stock into which the

Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make

proper  provision  so  that  thereafter  there  shall  be  a  sufficient  number  of  shares  of  Common  Stock

authorized  and  reserved,  free  from  preemptive  rights,  for  conversion  of  the  outstanding  Note.    The

Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the

Common  Stock  issuable  upon  conversion  of  this  Note,  and  (ii) agrees  that  its  issuance  of  this  Note  shall

constitute  full  authority  to  its  officers  and  agents  who  are  charged  with  the  duty  of  executing  stock

certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with

the terms and conditions of this Note.

If, at any time the Borrower does not maintain the Reserved Amount it will be considered

an Event of Default under Section 3.2 of the Note.

1.4

Method of Conversion.

(a)

Mechanics of Conversion.  As set forth in Section 1.1 hereof, from time to

time,  and  at  any  time  during  the  period  beginning  on  the  date  which  is  one  hundred  eighty  (180)  days

following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment

of the  Default Amount,  this Note may  be  converted by  the Holder,  in whole  or in  part,  by  (A) submitting

to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication

dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section

1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts

owed hereunder).

(b)

Surrender  of  Note  Upon  Conversion.   Notwithstanding  anything  to  the

contrary  set forth  herein,  upon  conversion  of  this  Note  in  accordance  with the  terms  hereof,  the Holder

shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal

amount  of  this  Note  is  so  converted.   The  Holder  and  the  Borrower  shall  maintain  records  showing  the

principal  amount  so  converted  and  the  dates  of  such  conversions  or  shall  use  such  other  method,

reasonably  satisfactory  to  the  Holder  and  the  Borrower,  so  as  not  to  require  physical  surrender  of  this

Note upon each such conversion.

(c)

Delivery   of   Common   Stock   Upon   Conversion.     Upon   receipt   by   the

Borrower   from   the   Holder   of   a   facsimile   transmission   or   e-mail   (or   other   reasonable   means   of

communication)  of  a  Notice  of  Conversion  meeting  the  requirements  for  conversion  as  provided  in  this

3

Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order

of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business

days after such receipt (the “Deadline”) (and, solely in the case of conversion of the entire unpaid principal

amount hereof, surrender of this Note) in accordance with the terms hereof and the Purchase Agreement.

Upon receipt by the  Borrower of  a Notice of Conversion,  the Holder shall  be  deemed to be the holder of

record  of  the  Common  Stock  issuable  upon  such  conversion,  the  outstanding  principal  amount  and  the

amount  of  accrued  and  unpaid  interest  on  this  Note  shall  be  reduced  to  reflect  such  conversion,  and,

unless  the  Borrower  defaults  on  its  obligations  hereunder,  all  rights  with  respect  to  the  portion  of  this

Note being so converted shall forthwith terminate except the right to receive the Common Stock or other

securities,  cash or  other  assets,  as  herein  provided,  on  such  conversion.   If  the Holder  shall  have  given a

Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates for

Common  Stock  shall  be  absolute  and  unconditional,  irrespective  of  the  absence  of  any  action  by  the

Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of

any  judgment  against   any   person  or   any  action  to   enforce   the   same,   any  failure  or   delay  in  the

enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim,

recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to

the  Borrower, and irrespective of any  other  circumstance which might otherwise limit  such obligation of

the Borrower to the Holder in connection with such conversion.

(d)

Delivery  of  Common  Stock  by  Electronic  Transfer.   In  lieu  of  delivering

physical certificates representing the Common Stock issuable upon conversion, provided the Borrower is

participating  in  the  Depository  Trust  Company  (“DTC”)  Fast  Automated  Securities  Transfer  (“FAST”)

program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower

shall  use its  best efforts to cause its  transfer agent to electronically  transmit the Common Stock issuable

upon  conversion  to  the  Holder  by  crediting  the  account  of  Holder’s  Prime  Broker  with  DTC  through  its

Deposit Withdrawal Agent Commission (“DWAC”) system.

(e)

Failure  to  Deliver  Common  Stock  Prior  to Deadline.   Without  in  any  way

limiting the Holder’s right to pursue other remedies, including actual damages and/or equitable relief, the

parties agree that if delivery of the Common Stock issuable upon conversion of this Note is not delivered

by  the  Deadline  due  to  action  and/or  inaction  of  the  Borrower,  the  Borrower  shall  pay  to  the  Holder

$2,000 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common

Stock  (the  “Fail  to  Deliver  Fee”);  provided;  however  that  the  Fail  to  Deliver  Fee  shall  not  be  due  if  the

failure is a result of a third party (i.e., transfer agent; and not the result of any failure to pay such transfer

agent)  despite  the  best  efforts  of  the  Borrower  to  effect  delivery  of  such  Common  Stock.    Such  cash

amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued

or, at the option of the Holder (by written notice to the Borrower by the first day of the month following

the  month  in  which  it  has  accrued),  shall  be  added  to  the  principal  amount  of  this  Note,  in  which  event

interest  shall  accrue  thereon  in  accordance  with  the  terms  of  this  Note  and  such  additional  principal

amount shall be convertible into Common Stock in accordance with the terms of this Note.  The Borrower

agrees  that  the  right  to  convert  is  a  valuable  right  to  the  Holder.   The  damages  resulting  from  a  failure,

attempt  to  frustrate,  interference  with  such  conversion  right  are  difficult  if  not  impossible  to  qualify.

Accordingly,  the  parties  acknowledge  that  the  liquidated  damages  provision  contained  in  this  Section

1.4(e) are justified.

1.5

Concerning  the  Shares.   The  shares  of  Common  Stock  issuable  upon  conversion

of  this  Note  may  not  be  sold  or  transferred  unless:  (i)  such  shares  are  sold  pursuant  to  an  effective

registration  statement  under  the  Act  or  (ii)  the  Borrower  or  its  transfer  agent  shall  have  been  furnished

with an opinion of   counsel (which opinion shall  be in form, substance and scope customary for opinions

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of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold

or  transferred  pursuant  to  an  exemption  from  such  registration  (such  as  Rule  144  or  a  successor  rule)

(“Rule 144”);  or  (iii) such shares  are transferred to an “affiliate”  (as defined in Rule 144) of the  Borrower

who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an

Accredited Investor (as defined in the Purchase Agreement).

Any  restrictive  legend  on  certificates  representing  shares  of  Common  Stock issuable  upon  conversion  of

this Note shall be removed and the Borrower shall issue to the Holder a new certificate therefore  free of

any  transfer  legend  if  the  Borrower  or  its  transfer  agent  shall  have  received  an  opinion  of  counsel  from

Holder’s   counsel,   in   form,   substance  and   scope  customary   for   opinions   of   counsel   in   comparable

transactions,  to  the  effect that  (i)  a  public  sale  or  transfer  of  such  Common  Stock  may  be  made  without

registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is

effected;  or  (ii) in  the  case  of  the  Common  Stock  issuable  upon  conversion  of  this  Note,  such  security  is

registered  for  sale  by  the  Holder  under  an  effective  registration  statement  filed  under  the  Act;  or

otherwise may be sold pursuant to an exemption from registration.  In the event that the Company does

not  reasonably  accept  the  opinion  of  counsel  provided  by  the  Holder  with  respect  to  the  transfer  of

Securities  pursuant  to  an  exemption  from  registration  (such  as  Rule  144),  at  the  Deadline,  it  will  be

considered an Event of Default pursuant to Section 3.2 of the Note.

1.6

Effect of Certain Events.

(a)

Effect of Merger, Consolidation, Etc.  At the option of the Holder, the sale,

conveyance  or disposition of all  or substantially all  of the assets of the  Borrower, the effectuation by the

Borrower  of  a  transaction  or  series  of  related  transactions  in  which  more  than  50%  of  the  voting  power

of  the  Borrower  is  disposed  of,  or  the  consolidation,  merger  or  other  business  combination  of  the

Borrower  with  or  into  any  other  Person  (as  defined  below)  or  Persons  when  the  Borrower  is  not  the

survivor  shall  be  deemed  to  be  an  Event  of  Default  (as  defined  in  Article  III)  pursuant  to  which  the

Borrower  shall  be  required  to  pay  to  the  Holder  upon  the  consummation  of  and  as  a  condition  to  such

transaction  an  amount  equal  to  the  Default  Amount  (as  defined  in  Article  III).   “Person”  shall  mean  any

individual,   corporation,   limited   liability   company,   partnership,   association,   trust   or   other   entity   or

organization.

(b)

Adjustment Due to Merger,  Consolidation, Etc.  If, at any  time when this

Note  is  issued  and  outstanding  and  prior  to  conversion  of  all  of  the  Note,  there  shall  be  any  merger,

consolidation,  exchange  of  shares,  recapitalization,  reorganization,  or  other  similar  event,  as  a  result  of

which shares of Common Stock of the Borrower shall be  changed into the same or a different number of

shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any

sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a

plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right

to  receive  upon  conversion  of  this  Note,  upon  the  basis  and  upon  the  terms  and  conditions  specified

herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such

stock,  securities or  assets which  the  Holder would  have  been  entitled  to  receive  in  such transaction  had

this Note been converted in  full immediately  prior to such  transaction (without  regard to any  limitations

on  conversion  set  forth  herein),  and in  any  such  case  appropriate  provisions  shall  be  made  with  respect

to  the  rights  and  interests  of  the  Holder  of  this  Note  to  the  end  that  the  provisions  hereof  (including,

without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable

upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to

any securities or assets thereafter deliverable upon the conversion hereof.  The Borrower shall not affect

any  transaction described in this Section 1.6(b)  unless (a) it first  gives, to the extent practicable,  ten (10)

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days prior written notice (but in any event at least five (5) days prior written notice) of the record date of

the special meeting of shareholders to approve, or if there is no such record date, the consummation of,

such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or

sale  of  assets  (during  which  time  the  Holder  shall  be  entitled  to  convert  this  Note)  and  (b)  the  resulting

successor  or acquiring entity  (if not the  Borrower) assumes by written instrument  the  obligations of  this

Note.  The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or

share exchanges.

(c)

Adjustment  Due  to  Distribution.   If  the  Borrower  shall  declare  or  make

any  distribution  of  its  assets  (or  rights  to  acquire  its  assets)  to  holders  of  Common  Stock  as  a  dividend,

stock  repurchase,  by  way  of  return  of  capital  or  otherwise  (including  any  dividend  or  distribution  to  the

Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e.,

a  spin-off))  (a  “Distribution”),  then  the  Holder  of  this  Note  shall  be  entitled,  upon  any  conversion  of  this

Note  after  the  date  of  record  for  determining  shareholders  entitled  to  such  Distribution,  to  receive  the

amount  of  such  assets  which  would  have  been  payable  to  the  Holder  with  respect  to  the  shares  of

Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common

Stock on the record date for the determination of shareholders entitled to such Distribution.

1.7

Prepayment.    Notwithstanding  anything  to  the  contrary  contained in  this  Note,

at  any  time  during  the  period  beginning  on  the  date  hereof  and  ending  on  the  date  which  is  180  days

following  the  date  hereof  (the  “Prepayment  Period”),  the  Borrower  shall  have  the  right,  exercisable  on

not  more  than  three  (3)  Trading  Days  prior  written  notice  to  the  Holder  of  the  Note  to  prepay  the

outstanding Note (principal  and accrued interest), in full, in accordance with this Section 1.7.   Any notice

of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note

at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note,

and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the

Optional  Prepayment  Notice.   On  the  date  fixed  for  prepayment  (the  “Optional  Prepayment  Date”),  the

Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon

the  direction  of  the  Holder  as  specified  by  the Holder in  a  writing to  the  Borrower  (which  shall  direction

to be sent to Borrower by the Holder at least one (1) business day prior to the Optional Prepayment Date).

If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the Holder of

an  amount  in  cash  equal  to  120%  (“Prepayment  Percentage”)  multiplied  by  the  sum  of:  (w)  the  then

outstanding  principal  amount  of  this  Note  plus  (x) accrued  and  unpaid  interest  on  the  unpaid  principal

amount  of  this  Note  to  the  Optional  Prepayment  Date  plus  (y)  Default  Interest,  if  any,  on  the  amounts

referred to in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to Section 1.4 hereof

(the “Optional  Prepayment Amount”).   If the Borrower  delivers an Optional  Prepayment Notice  and fails

to  pay  the  Optional  Prepayment  Amount  due  to  the  Holder  of  the  Note  within  two  (2)  business  days

following  the  Optional  Prepayment  Date,  the  Borrower  shall  forever  forfeit  its  right  to  prepay  the  Note

pursuant to this Section 1.7.

After  the  expiration  of  one  hundred  eighty  (180)  days  following  the  Issue  Date,  the

Borrower shall have no right of prepayment.

ARTICLE II.   CERTAIN COVENANTS

2.1

Sale of Assets.  So long as the Borrower shall have any obligation under this Note,

the  Borrower  shall  not,  without  the  Holder’s  written  consent,  sell,  lease  or  otherwise  dispose  of  any

significant portion of its assets outside the ordinary course of business.  Any consent to the disposition of

any assets may be conditioned on a specified use of the proceeds of disposition.

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ARTICLE III.   EVENTS OF DEFAULT

If any of the following events of default (each, an “Event of Default”) shall occur:

3.1

Failure  to  Pay  Principal  and  Interest.    The  Borrower  fails  to  pay  the  principal

hereof  or  interest  thereon  when  due  on  this  Note,  whether  at  maturity  or  upon  acceleration  and  such

breach continues for a period of five (5) days after written notice from the Holder.

3.2

Conversion and the Shares.   The Borrower fails to issue  shares of Common Stock

to  the  Holder  (or  announces  or  threatens  in  writing  that  it  will  not  honor  its  obligation  to  do  so)  upon

exercise  by  the  Holder  of  the  conversion  rights  of  the  Holder  in  accordance  with the  terms  of  this  Note,

fails  to  transfer  or  cause  its  transfer  agent  to  transfer  (issue)  (electronically  or  in  certificated  form)  any

certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to

this  Note  as  and  when  required  by  this  Note,  the  Borrower  directs  its  transfer  agent  not  to  transfer  or

delays,   impairs,   and/or   hinders   its   transfer   agent   in   transferring   (or   issuing)   (electronically   or   in

certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion

of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its

transfer  agent  not  to  remove  or  impairs,  delays,  and/or  hinders  its  transfer  agent  from  removing)  any

restrictive legend (or to withdraw  any  stop transfer instructions in respect thereof)  on any  certificate for

any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note

as and when required by this Note (or makes any written announcement, statement or threat that it does

not  intend  to  honor  the  obligations  described  in  this  paragraph)  and  any  such  failure  shall  continue

uncured  (or  any  written  announcement,  statement  or  threat  not  to  honor  its  obligations  shall  not  be

rescinded  in  writing)  for  three  (3)  business  days  after  the  Holder  shall  have  delivered  a  Notice  of

Conversion.  It is an obligation of the Borrower to remain current in its obligations to its transfer agent. It

shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated due

to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances

any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall be

paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

3.3

Breach  of  Covenants.   The  Borrower  breaches  any  material  covenant  or  other

material  term  or condition contained in this Note and any collateral  documents including but not limited

to the Purchase Agreement and such breach continues for a period of twenty (20) days after written notice

thereof to the Borrower from the Holder.

3.4

Breach  of  Representations  and  Warranties.   Any  representation  or  warranty  of

the Borrower made herein or in any agreement, statement or certificate given in writing pursuant hereto

or  in  connection  herewith  (including,  without  limitation,  the  Purchase  Agreement),  shall  be  false  or

misleading in any material  respect when made and the  breach of which has (or with the  passage of  time

will  have)  a material  adverse  effect on the  rights of the  Holder with respect to this Note  or  the Purchase

Agreement.

3.5

Receiver or Trustee.  The Borrower or any  subsidiary of the  Borrower shall make

an  assignment  for  the  benefit  of  creditors,  or  apply  for  or  consent  to  the  appointment  of  a  receiver  or

trustee  for  it  or  for  a  substantial  part  of  its  property  or  business,  or  such  a  receiver  or  trustee  shall

otherwise be appointed.

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3.6

Bankruptcy.  Bankruptcy, insolvency, reorganization or liquidation proceedings or

other  proceedings, voluntary  or involuntary, for relief under  any bankruptcy  law or  any law for the relief

of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.

3.7

Delisting of Common Stock.  The Borrower shall  fail to maintain the listing of the

Common Stock on at least one of the OTC (which specifically includes the quotation platforms maintained

by  the  OTC  Markets  Group)  or  an  equivalent  replacement  exchange,  the  Nasdaq  National  Market,  the

Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

3.8

Failure to Comply with the Exchange Act.  The  Borrower shall  fail  to comply with

the  reporting  requirements  of  the  Exchange  Act;  and/or  the  Borrower  shall  cease  to  be  subject  to  the

reporting requirements of the Exchange Act.

3.9

Liquidation.    Any  dissolution,  liquidation,  or  winding  up  of  Borrower  or  any

substantial portion of its business.

3.10       Cessation of Operations.

Any    cessation   of   operations   by   Borrower   or

Borrower  admits  it  is  otherwise  generally  unable  to  pay  its  debts  as  such  debts  become  due,  provided,

however,  that  any  disclosure  of  the  Borrower’s  ability  to  continue  as  a  “going  concern”  shall  not  be  an

admission that the Borrower cannot pay its debts as they become due.

3.11       Financial Statement Restatement.

The     restatement     of     any     financial

statements filed by the Borrower with the SEC at any time after 180 days after the Issuance Date for any

date  or  period  until  this  Note  is  no  longer  outstanding,  if  the  result  of  such  restatement  would,  by

comparison  to  the  un-restated  financial  statement,  have  constituted  a  material  adverse  effect  on  the

rights of the Holder with respect to this Note or the Purchase Agreement.

3.12

Replacement  of  Transfer  Agent.  In  the  event  that  the  Borrower  proposes  to

replace its transfer  agent,  the  Borrower  fails to provide,  prior to the  effective  date  of such replacement,

a  fully  executed  Irrevocable  Transfer  Agent  Instructions  in  a  form  as  initially  delivered  pursuant  to  the

Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common

Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

3.13       Cross-Default.   Notwithstanding  anything  to  the  contrary  contained  in  this  Note

or  the  other  related  or  companion  documents,  a  breach  or  default  by  the  Borrower  of  any  covenant  or

other  term  or  condition  contained  in  any  of  the  Other  Agreements,  after  the  passage  of  all  applicable

notice  and  cure  or  grace  periods,  shall,  at  the  option  of  the  Holder,  be  considered  a  default  under  this

Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to

apply  all  rights  and  remedies  of  the  Holder  under  the  terms  of  this  Note  and  the  Other  Agreements  by

reason  of  a default under  said Other  Agreement  or hereunder.  “Other Agreements”  means,  collectively,

all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the

Holder and any affiliate of the Holder, including, without limitation, promissory notes; provided, however,

the  term  “Other  Agreements”  shall  not include  the  related  or  companion  documents to  this Note.   Each

of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing

and future debt of Borrower to the Holder.

Upon the  occurrence  and during the  continuation of  any  Event  of  Default  specified in Section 3.1  (solely

with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the

Note  shall  become  immediately  due  and  payable  and  the  Borrower  shall  pay  to  the  Holder,  in  full

8

satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein).  UPON

THE OCCURRENCE  AND DURING  THE  CONTINUATION OF ANY  EVENT OF DEFAULT  SPECIFIED IN  SECTION

3.2, 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:  (Y)  THE

DEFAULT  SUM  (AS  DEFINED  HEREIN);  MULTIPLIED  BY  (Z)  TWO  (2).   Upon  the  occurrence  and  during  the

continuation  of  any  Event  of  Default  specified  in  Sections  3.1  (solely  with  respect  to  failure  to  pay  the

principal  hereof  or  interest  thereon  when  due  on  this  Note  upon  a  Trading  Market  Prepayment  Event

pursuant  to  Section  1.7  or  upon  acceleration),  3.3,  3.4,  3.7,  3.8,  3.10,  3.11,  3.12,  3.13,  and/or  3.14

exercisable through the delivery of written notice to the Borrower by such Holders (the “Default Notice”),

and upon the occurrence of an Event of Default specified the remaining sections of Articles III (other than

failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3,1 hereof),

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 greater of (i) 150% times the sum of (w)

the  then  outstanding  principal  amount  of  this  Note  plus  (x)  accrued  and  unpaid  interest  on  the  unpaid

principal amount of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default

Interest,  if  any,  on  the  amounts  referred  to  in  clauses  (w)  and/or  (x)  plus  (z)  any  amounts  owed  to  the

Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to

the date of payment plus the  amounts referred to in clauses (x), (y) and (z) shall collectively be known as

the  “Default Sum”) or  (ii) the  “parity  value”  of the  Default  Sum  to be  prepaid,  where  parity  value  means

(a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to

such  Default  Sum  in  accordance  with  Article  I,  treating  the  Trading  Day  immediately  preceding  the

Mandatory Prepayment Date as the “Conversion Date” for purposes of determining the lowest applicable

Conversion Price, unless the Default Event arises as a result of a breach in respect of a specific Conversion

Date  in  which  case  such  Conversion  Date  shall  be  the  Conversion  Date),  multiplied  by  (b)  the  highest

Closing  Price  for  the  Common  Stock  during  the  period  beginning  on  the  date  of  first  occurrence  of  the

Event  of  Default  and  ending  one  day  prior  to  the  Mandatory  Prepayment  Date  (the  “Default  Amount”)

and  all  other  amounts  payable  hereunder  shall  immediately  become  due  and  payable,  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.

If  the  Borrower  fails  to  pay  the  Default  Amount  within  five  (5)  business  days  of  written  notice  that  such

amount  is  due  and  payable,  then  the  Holder  shall  have  the  right  at  any  time,  so  long  as  the  Borrower

remains in  default (and  so long  and  to the  extent that  there  are  sufficient  authorized shares),  to  require

the  Borrower,  upon  written  notice,  to  immediately  issue,  in  lieu  of  the  Default  Amount,  the  number  of

shares  of  Common  Stock  of  the  Borrower  equal  to  the  Default  Amount  divided  by  the  Conversion  Price

then in effect.

ARTICLE IV.  MISCELLANEOUS

4.1

Failure or Indulgence Not Waiver.  No failure or delay on the part of the Holder in

the  exercise  of  any  power,  right  or  privilege  hereunder  shall  operate  as  a  waiver  thereof,  nor  shall  any

single  or  partial  exercise  of any  such  power,  right  or  privilege  preclude  other  or  further  exercise  thereof

or  of  any  other  right,  power  or  privileges.   All  rights  and  remedies  existing  hereunder  are  cumulative  to,

and not exclusive of, any rights or remedies otherwise available.

4.2

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

9

requested,  postage  prepaid,  (iii)  delivered  by  reputable  air  courier  service  with  charges  prepaid,  or  (iv)

transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address

as  such  party  shall  have  specified  most  recently  by  written  notice.   Any  notice  or  other  communication

required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery

by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address

or  number  designated  below  (if  delivered  on  a  business  day  during  normal  business  hours  where  such

notice  is  to  be  received),  or  the  first  business  day  following  such  delivery  (if  delivered  other  than  on  a

business  day  during  normal  business  hours  where  such  notice  is  to  be  received)  or  (b)  on  the  second

business  day  following  the  date  of  mailing  by  express  courier  service,  fully  prepaid,  addressed  to  such

address,  or  upon  actual  receipt  of  such  mailing,  whichever  shall  first  occur.    The  addresses  for  such

communications shall be:

If to the Borrower, to:

iGambit Inc.

1050 W. Jericho Turnpike, Suite A

Smithtown, NY 11787

Attn: John Salerno, Chief Executive Officer

Fax:

Email:

If to the Holder:

POWER UP LENDING GROUP LTD.

111 Great Neck Road, Suite 214

Great Neck, NY  11021

Attn: Curt Kramer, Chief Executive Officer

e-mail: info@poweruplending.com

With a copy by fax only to (which copy shall not constitute notice):

Naidich Wurman LLP

111 Great Neck Road, Suite 216

Great Neck, NY  11021

Attn: Allison Naidich

facsimile: 516-466-3555

e-mail: allison@nwlaw.com

4.3

Amendments.   This  Note  and  any  provision  hereof  may  only  be  amended  by  an

instrument in writing signed by the Borrower and the Holder.  The term “Note” and all reference thereto,

as  used throughout  this instrument,  shall  mean this instrument (and  the  other Notes  issued  pursuant to

the  Purchase  Agreement)  as  originally  executed,  or  if  later  amended  or  supplemented,  then  as  so

amended or supplemented.

4.4

Assignability.   This  Note  shall  be  binding  upon  the  Borrower  and  its  successors

and assigns, and shall inure to be the benefit of the Holder and its successors and assigns.  Each transferee

of  this  Note  must  be  an  “accredited  investor”  (as  defined  in  Rule  501(a)  of  the  Securities  and  Exchange

Commission).    Notwithstanding  anything  in  this  Note  to  the  contrary,  this  Note  may  be  pledged  as

10

collateral  in  connection  with  a  bona  fide  margin  account  or  other  lending  arrangement;  and  may  be

assigned by the Holder without the consent of the Borrower.

4.5

Cost  of  Collection.   If  default  is  made  in  the  payment of  this  Note, the  Borrower

shall pay the Holder hereof costs of collection, including reasonable attorneys’ fees.

4.6

Governing Law.  This Note shall be governed by and construed in accordance with

the  laws  of  the  State  of  Virginia  without  regard  to  principles  of  conflicts  of  laws.   Any  action  brought  by

either  party  against  the  other  concerning  the  transactions  contemplated  by  this  Note  shall  be  brought

only  in  the  state  courts  of  New  York  or  in  the  federal  courts  located  in  the  state  and  county  of  Nassau.

The  parties  to  this  Note  hereby  irrevocably  waive  any  objection  to  jurisdiction  and  venue  of  any  action

instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon

forum non conveniens.  The Borrower and Holder waive trial by jury.  The prevailing party shall be entitled

to recover from  the other party its reasonable attorney's  fees and  costs.   In the event that any provision

of  this Note  or  any  other  agreement  delivered in  connection  herewith is invalid  or  unenforceable  under

any  applicable statute  or rule of law, then such provision shall  be  deemed inoperative to the extent that

it may conflict therewith and shall be deemed modified to conform with such statute or rule of law.  Any

such  provision  which  may  prove  invalid  or  unenforceable  under  any  law  shall  not  affect  the  validity  or

enforceability  of  any  other  provision  of  any  agreement.    Each  party  hereby  irrevocably  waives  personal

service  of  process  and  consents  to  process  being  served  in  any  suit,  action  or  proceeding  in  connection

with this  Note,  any  agreement  or any  other  document delivered in connection with this Note  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 Note 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.

4.7

Purchase  Agreement.   By  its  acceptance  of  this  Note,  each  party  agrees  to  be

bound by the applicable terms of the Purchase Agreement.

4.8

Remedies.    The  Borrower  acknowledges  that  a  breach  by  it  of  its  obligations

hereunder will cause irreparable harm to the Holder, by vitiating the intent and purpose of the transaction

contemplated  hereby.   Accordingly,  the  Borrower  acknowledges  that  the  remedy  at  law  for  a  breach  of

its  obligations  under  this  Note  will  be  inadequate  and  agrees,  in  the  event  of  a  breach  or  threatened

breach  by  the  Borrower  of the  provisions of  this Note, that the Holder shall be entitled, in addition to all

other  available  remedies  at  law  or  in  equity,  and  in  addition  to  the  penalties  assessable  herein,  to  an

injunction  or  injunctions  restraining,  preventing  or  curing  any  breach  of  this  Note  and  to  enforce

specifically the terms and provisions thereof, without the necessity of showing economic loss and without

any bond or other security being required.

IN  WITNESS  WHEREOF,  Borrower  has  caused  this  Note  to  be  signed  in  its  name  by  its  duly

authorized officer this on March 30, 2017

iGambit Inc.

By: _______________________________

John Salerno

Chief Executive Officer

11

EXHIBIT A -- NOTICE OF CONVERSION

The  undersigned  hereby  elects  to  convert  $_________________  principal  amount  of  the  Note

(defined below) into that number of shares of Common Stock to be issued pursuant to the conversion of

the Note (“Common Stock”) as set forth below, of iGambit Inc., a Delaware corporation (the “Borrower”)

according  to  the  conditions  of  the  convertible  note  of  the  Borrower  dated  as  of  March  30,  2017  (the

“Note”), as of the date written below.  No fee will be charged to the Holder for any conversion, except for

transfer taxes, if any.

Box Checked as to applicable instructions:

[ ]

The  Borrower  shall  electronically  transmit  the  Common  Stock  issuable  pursuant  to  this

Notice of Conversion to the account of the undersigned or its nominee with DTC through

its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

Name of DTC Prime Broker:

Account Number:

[  ]

The  undersigned hereby  requests that the  Borrower issue  a certificate  or certificates  for

the number of shares of Common Stock set forth below (which numbers are based on the

Holder’s  calculation  attached  hereto)  in  the  name(s)  specified  immediately  below  or,  if

additional space is necessary, on an attachment hereto:

POWER UP LENDING GROUP LTD.

111 Great Neck Road, Suite 214

Great Neck, NY  11021

Attention: Certificate Delivery

e-mail: info@poweruplendinggroup.com

Date of conversion:

_____________

Applicable Conversion Price:

$____________

Number of shares of common stock to be issued

pursuant to conversion of the Notes:

______________

Amount of Principal Balance due remaining

under the Note after this conversion:

______________

POWER UP LENDING GROUP LTD.

By:_____________________________

Name:  Curt Kramer

Title:    Chief Executive Officer

Date: __________________

12

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