Document:

Exhibit
10.15

 

Note:
February 6, 2020

 

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

 

THIS
NOTE DOES NOT REQUIRE PHYSICAL SURRENDER OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT, FOLLOWING
ANY REDEMPTION OR CONVERSION OF ANY PORTION OF THIS NOTE, THE OUTSTANDING PRINCIPAL SUM REPRESENTED BY THIS NOTE MAY BE LESS THAN
THE PRINCIPAL SUM AND ACCRUED INTEREST SET FORTH BELOW.

 

2%
FIXED CONVERTIBLE PROMISSORY NOTE 

 

OF

 

TAURIGA
SCIENCES, INC.

 

Issuance
Date: February 6, 2020

Principal
Sum: $65,000

 

This
Note is a duly authorized Fixed Convertible Promissory
Note of Tauriga Sciences, Inc., a corporation duly organized and existing under the laws of the State of Florida (the
“Company”), designated as the Company’s 2% Fixed Convertible Promissory Note due August 6, 2020 (“Maturity
Date”) in the face amount of $65,000 (the “Note”).

 

For
Value Received, the Company hereby promises to
pay to the order of Tangiers Global, LLC or its registered assigns or successors-in-interest (the “Holder”)
the Principal Sum of $65,000 (the “Principal Sum”) and to pay “guaranteed” interest on the principal
balance hereof at an amount equivalent to 2% of the Principal Sum, to the extent such Principal Sum and “guaranteed”
interest and any other interest, fees, liquidated damages and/or items due to Holder herein have not been repaid or converted
into the Company’s Common Stock (the “Common Stock”), in accordance with the terms hereof. The sum of
$60,000 shall be remitted and delivered to the Company, and $5,000 shall be retained by the Holder through an original issue discount
(the “OID”) for due diligence and legal bills related to this transaction. The Company covenants that within
 months of the Effective Date of the Note, it shall utilize approximately $60,000 of the proceeds in the manner
set forth on Schedule 1, attached hereto (the “Use of Proceeds”), and shall promptly provide evidence thereof
to Holder, in sufficient detail as reasonably requested by Holder.

 

    	 

    	 

    

 

In
addition to the “guaranteed” interest referenced above, and upon the occurrence of an Event of Default (as defined
in Section 3.00(a)), additional interest will accrue from the date of the Event of Default at the rate equal to the lower of 12%
per annum or the highest rate permitted by law (the “Default Rate”).

 

This
Note will become effective only upon the execution by both parties, including the execution of Exhibits B, C, D, E, Schedule 1
(collectively, the “Exhibits”), and the Irrevocable Transfer Agent Instructions (the “Date of Execution”)
and delivery of the initial payment of consideration by the Holder (the “Effective Date”). The Company acknowledges
and agrees the Exhibits are material provisions of this Note.

 

For
purposes hereof the following terms shall have the meanings ascribed to them below:

 

“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City of New York
are authorized or required by law or executive order to remain closed.

 

“Fixed
Conversion Price” shall be equal to $.03 per share.

 

“Principal
Amount” shall refer to the sum of (i) the original principal amount of this Note (including the original issue discount,
prorated if the Note has not been funded in full), (ii) all guaranteed and other accrued but unpaid interest hereunder, (iii)
any fees due hereunder, (iv) liquidated damages, and (v) any default payments owing under the Note, in each case previously paid
or added to the Principal Amount.

 

“Principal
Market” shall refer to the primary exchange or trading platform on which the Company’s common stock is traded
or quoted.

 

“Trading
Day” shall mean a day on which there is trading or quoting for any security on the Principal Market.

 

“Underlying
Shares” means the shares of Common Stock into which the Note is convertible (including interest, fees, liquidated
damages and/or principal payments in common stock as set forth herein) in accordance with the terms hereof.

 

The
following terms and conditions shall apply to this Note:

 

Section
1.00 Repayment.

 

(a)
The Company may pay this Note, in whole or in part, in cash or in other good funds, according to the following schedule:

 

	Days
    Since Effective Date	 	Payment
    Amount
	Under
    30	 	110%
    of Principal Amount so paid
	31-60	 	115%
    of Principal Amount so paid
	61-90	 	120%
    of Principal Amount so paid
	91-180	 	133%
    of Principal Amount so paid

 

    	 

    	 

    

 

(b)
After 180 days from the Effective Date, the Company may not pay this Note, in whole or in part, in cash or in other good funds,
without prior written consent from Holder, which consent may be withheld, delayed, denied, or conditioned in Holder’s sole
and absolute discretion. Whenever any amount expressed to be due by the terms of this Note is due on any day that is not a Business
Day, the same shall instead be due on the next succeeding day that is a Business Day. Upon the occurrence of an Event of Default,
the Company may not pay the Note, in whole or in part, in cash or in other good funds without written consent of the Holder, which
consent may be withheld, delayed, denied, or conditioned in Holder’s sole and absolute discretion. Further, the Company
shall provide the Holder with two weeks’ prior written notice of the Company’s determination to pay any or all of
its obligations hereunder. During such two-week period, the Holder may exercise any or all of its conversion rights hereunder.
In the event that the Holder does not exercise its conversion rights in respect of any or all of such noticed, prospective payment,
the Company shall tender the full amount set forth in such notice (less any amount in respect of which the Holder has exercised
its conversion rights) to the Holder within 2 Business Days following the Holder’s exercise (or notification to the Company
of non-exercise) of the Holder’s conversion rights in respect of the amount set forth in such notice. Any such payment by
the Company in connection with this provision shall be deemed to have been made on the date that the Holder first receives the
above-referenced notice.

 

Section
2.00 Conversion.

 

(a)
Conversion Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have
the right, at the Holder’s sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid
Principal Amount under this Note into shares of Common Stock at the Conversion Price (defined below), but not to exceed the Restricted
Ownership Percentage, as defined in Section 2.00(f). The date of any conversion notice (“Conversion Notice”)
hereunder shall be referred to herein as the “Conversion Date”. The Conversion Price shall be equitably adjusted
in the event of a forward split, stock dividend, or the like, but shall not be adjusted in the event of a reverse split, recombination,
or the like.

 

(b)
Stock Certificates or DWAC. The Company will deliver to the Holder, or Holder’s authorized designee, no later than
2 Trading Days after the Conversion Date, a certificate or certificates (which certificate(s) shall be free of restrictive legends
and trading restrictions if the shares of Common Stock underlying the portion of the Note being converted are eligible under a
resale exemption pursuant to Rule 144(b)(1)(ii) and Rule 144(d)(1)(ii) of the Securities Act of 1933, as amended) representing
the number of shares of Common Stock being acquired upon the conversion of this Note. In lieu of delivering physical certificates
representing the shares of Common Stock issuable upon conversion of this Note, provided the Company’s transfer agent is participating
in Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer (“FAST”)
program, the Company shall instead use commercially reasonable efforts to cause its transfer agent to electronically transmit
such shares issuable upon conversion to the Holder (or its designee), by crediting the account of the Holder’s (or such
designee’s) broker with DTC through its Deposits and Withdrawal at Custodian (“DWAC”) program (provided
that the same time periods herein as for stock certificates shall apply).

 

    	 

    	 

    

 

(c)
Charges and Expenses. Issuance of Common Stock to Holder, or any of its assignees, upon the conversion of this Note shall
be made without charge to the Holder for any issuance fee, transfer tax, legal opinion and related charges, postage/mailing charge
or any other expense with respect to the issuance of such Common Stock. Company shall pay all transfer agent fees incurred from
the issuance of the Common Stock to Holder, as well as any and all other fees and charges required by the transfer agent as a
condition to effectuate such issuance. Any such fees or charges, as noted in this Section that are paid by the Holder (whether
from the Company’s delays, outright refusal to pay, or otherwise), will be automatically added to the Principal Sum of the
Note and tack back to the Effective Date for purposes of Rule 144.

 

(d)
Delivery Timeline. If the Company fails to deliver to the Holder such certificate or certificates (or shares through the
DWAC program) pursuant to this Section (free of any restrictions on transfer or legends, if eligible) prior to 3 Trading Days
after the Conversion Date, the Company shall pay to the Holder as liquidated damages an amount equal to $2,000 per day, until
such certificate or certificates are delivered. The Company acknowledges that it would be extremely difficult or impracticable
to determine the Holder’s actual damages and costs resulting from a failure to deliver the Common Stock and the inclusion
herein of any such additional amounts are the agreed upon liquidated damages representing a reasonable estimate of those damages
and costs. Such liquidated damages will be automatically added to the Principal Sum of the Note and tack back to the Effective
Date for purposes of Rule 144.

 

(e)
Reservation of Underlying Securities. The Company covenants that it will at all times reserve and keep available for Holder,
out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note, free from preemptive
rights or any other actual contingent purchase rights of persons other than the Holder, five times the number of shares
of Common Stock as shall be issuable (taking into account the adjustments under this Section 2.00, but without regard to any ownership
limitations contained herein) upon the conversion of this Note (consisting of the Principal Amount), under the formula in Section
3.00(c) below, to Common Stock (the “Required Reserve”). The Company covenants that all shares of Common Stock
that shall be issuable will, upon issue, be duly authorized, validly issued, fully-paid, non-assessable and freely-tradable (if
eligible). If the amount of shares on reserve in Holder’s name at the Company’s transfer agent for this Note shall
drop below the Required Reserve, the Company will, within 2 Trading Days of notification from Holder, instruct the transfer agent
to increase the number of shares so that the Required Reserve is met. In the event that the Company does not instruct the transfer
agent to increase the number of shares so that the Required Reserve is met, the Holder will be allowed, if applicable, to provide
this instruction as per the terms of the Irrevocable Transfer Agent Instructions attached to this Note. The Company agrees that
the maintenance of the Required Reserve is a material term of this Note and any breach of this Section 2.00(e) will result in
a default of the Note.

 

(f)
Conversion Limitation. The Holder will not submit a conversion to the Company that would result in the Holder beneficially
owning more than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).

 

(g)
Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 2.00(c), the
Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion
attributable to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion
shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

 

    	 

    	 

    

 

(h)
Shorting and Hedging. Holder may not engage in any “shorting” or “hedging” transaction(s) in the
Common Stock of the Company prior to conversion.

 

(i)
Conversion Right Unconditional. If the Holder shall provide a Conversion Notice as provided herein, the Company’s obligations
to deliver Common Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or
alleged breach by the Holder of any obligation to the Company.

 

Section
3.00 Defaults and Remedies.

 

(a)
Events of Default. An “Event of Default” is: (i) a default in payment of any amount due hereunder; (ii)
a default in the timely issuance of underlying shares upon and in accordance with terms of Section 2.00, which default continues
for 2 Trading Days after the Company has failed to issue shares or deliver stock certificates within the 3rd Trading Day following
the Conversion Date; (iii) if the Company does not issue the press release or file the Current Report on Form 8-K, in each case
in accordance with the provisions and the deadlines referenced Section 5.00(j); (iv) failure by the Company for 3 days after notice
has been received by the Company to comply with any material provision of this Note; (iv) any representation or warranty of the
Company in this Note that is found to have been incorrect in any material respect when made, including, without limitation, the
Exhibits; (vi) failure of the Company to remain compliant with DTC, thus incurring a “chilled” status with DTC; (vii)
any default of any mortgage, indenture or instrument which may be issued, or by which there may be secured or evidenced any indebtedness,
for money borrowed by the Company or for money borrowed the repayment of which is guaranteed by the Company, whether such indebtedness
or guarantee now exists or shall be created hereafter; (viii) if the Company is subject to any Bankruptcy Event; (ix) any failure
of the Company to satisfy its “filing” obligations under the Securities Exchange Act of 1934, as amended (the “1934
Act”) and the rules and guidelines issued by OTC Markets News Service, OTC Markets Group, Inc. and their affiliates;
(x) failure of the Company to remain in good standing under the laws of its state of domicile; (xi) any failure of the Company
to provide the Holder with information related to its corporate structure including, but not limited to, the number of authorized
and outstanding shares, public float, etc. within 1 Trading Day of request by Holder; (xii) failure by the Company to maintain
the Required Reserve in accordance with the terms of Section 2.00(e); (xiii) failure of Company’s Common Stock to maintain
a closing bid price in its Principal Market for more than 3 consecutive Trading Days; (xiv) any delisting from a Principal Market
for any reason; (xv) failure by Company to pay any of its transfer agent fees in excess of $2,000 or to maintain a transfer agent
of record; (xvi) failure by Company to notify Holder of a change in transfer agent within 24 hours of such change; (xvii) any
trading suspension imposed by the United States Securities and Exchange Commission (the “SEC”) under Sections
12(j) or 12(k) of the 1934 Act; (xviii) failure by the Company to meet all requirements necessary to satisfy the availability
of Rule 144 to the Holder or its assigns, including but not limited to the timely fulfillment of its filing requirements as a
fully-reporting issuer registered with the SEC, requirements for XBRL filings, and requirements for disclosure of financial statements
on its website; or (xix) failure of the Company to abide by the Use of Proceeds or failure of the Company to inform the Holder
of a change in the Use of Proceeds.

 

    	 

    	 

    

 

(b)
Remedies. If an Event of Default occurs, the outstanding Principal Amount of this Note owing in respect thereof through
the date of acceleration, shall become, at the Holder’s election, immediately due and payable in cash at the “Mandatory
Default Amount”. The Mandatory Default Amount means 33% of the outstanding Principal Amount of this Note will be automatically
added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144. Commencing 5 days after the
occurrence of any Event of Default that results in the eventual acceleration of this Note, this Note shall accrue additional interest,
in addition to the Note’s “guaranteed” interest, at a rate equal to the lesser of 12% per annum or the maximum
rate permitted under applicable law. In connection with such acceleration described herein, the Holder need not provide, and the
Issuer hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder may immediately and without
expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it
under applicable law. Such acceleration may be rescinded and annulled by the Holder at any time prior to payment hereunder and
the Holder shall have all rights as a holder of the note until such time, if any, as the Holder receives full payment pursuant
to this Section 3.00(b). No such rescission or annulment shall affect any subsequent event of default or impair any right consequent
thereon. Nothing herein shall limit the Holder’s right to pursue any other remedies available to it at law or in equity
including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure
to timely deliver certificates representing shares of Common Stock upon conversion of the Note as required pursuant to the terms
hereof.

 

(c)
Variable Conversion Price. If the Note is not retired on or before the Maturity Date, then at any time and from time to
time after the Maturity Date, and subject to the terms hereof and restrictions and limitations contained herein, the Holder shall
have the right, at the Holder’s sole option, to convert in whole or in part the outstanding and unpaid Principal Amount under
this Note into shares of Common Stock at the Variable Conversion Price. The “Variable Conversion Price”
(together with the Fixed Conversion Price, the “Conversion Price”) shall be equal to the lower of: (a)
the Fixed Conversion Price or (b) 65% of the lowest volume weighted average price of the Company’s Common Stock during the
20 consecutive Trading Days prior to the date on which Holder elects to convert all or part of the Note. For the purpose of calculating
the Variable Conversion Price only, any time after 4:00 pm Eastern Time (the closing time of the Principal Market) shall be considered
to be the beginning of the next Business Day. If the Company is placed on “chilled” status with the DTC, the discount
shall be increased by 10%, i.e., from 35% to 45%, until such chill is remedied. If the Company is not DWAC eligible
through their transfer agent and DTC’s FAST system, the discount will be increased by 5%, i.e., from 35% to
40%. In the case of both, the discount shall be a cumulative increase of 15%, i.e., from 35% to 50%.

 

    	 

    	 

    

 

Section
4.00 Representations and Warranties of Holder.

 

Holder
hereby represents and warrants to the Company that:

 

(a)
Holder is an “accredited investor,” as such term is defined in Regulation D of the Securities Act of 1933, as amended
(the “1933 Act”), and will acquire this Note and the Underlying Shares (collectively, the “Securities”)
for its own account and not with a view to a sale or distribution thereof as that term is used in Section 2(a)(11) of the 1933
Act, in a manner which would require registration under the 1933 Act or any state securities laws. Holder has such knowledge and
experience in financial and business matters that such Holder is capable of evaluating the merits and risks of the Securities.
Holder can bear the economic risk of the Securities, has knowledge and experience in financial business matters and is capable
of bearing and managing the risk of investment in the Securities. Holder recognizes that the Securities have not been registered
under the 1933 Act, nor under the securities laws of any state and, therefore, cannot be resold unless the resale of the Securities
is registered under the 1933 Act or unless an exemption from registration is available. Holder has carefully considered and has,
to the extent Holder believes such discussion necessary, discussed with its professional, legal, tax and financial advisors, the
suitability of an investment in the Securities for its particular tax and financial situation and its advisers, if such advisors
were deemed necessary, and has determined that the Securities are a suitable investment for it. Holder has not been offered the
Securities by any form of general solicitation or advertising, including, but not limited to, advertisements, articles, notices
or other communications published in any newspaper, magazine, or other similar media or television or radio broadcast or any seminar
or meeting where, to Holders’ knowledge, those individuals that have attended have been invited by any such or similar means
of general solicitation or advertising. Holder has had an opportunity to ask questions of and receive satisfactory answers from
the Company, or any person or persons acting on behalf of the Company, concerning the terms and conditions of the Securities and
the Company, and all such questions have been answered to the full satisfaction of Holder. The Company has not supplied Holder
any information regarding the Securities or an investment in the Securities other than as contained in this Agreement, and Holder
is relying on its own investigation and evaluation of the Company and the Securities and not on any other information.

 

(b)
The Holder is a limited liability company duly organized, validly existing and in good standing under the laws of the state of
its incorporation and has all requisite corporate power and authority to carry on its business as now conducted. The Holder is
duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have
a material adverse effect on its business or properties.

 

(c)
All limited liability company action has been taken on the part of the Holder, its officers, directors, managers and members necessary
for the authorization, execution and delivery of this Note. The Holder has taken all limited liability company action required
to make all of the obligations of the Holder reflected in the provisions of this Note, valid and enforceable obligations.

 

(d)
Each certificate or instrument representing Securities will be endorsed with the following legend (or a substantially similar
legend), unless or until registered under the 1933 Act or exempt from registration:

 

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES,
THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR
THE HOLDER OF THESE SECURITIES WHICH IS REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

 

    	 

    	 

    

 

Section
5.00 General.

 

(a)
Payment of Expenses. The Company agrees to pay all reasonable charges and expenses, including attorneys’ fees and expenses,
which may be incurred by the Holder in successfully enforcing this Note and/or collecting any amount due under this Note.

 

(b)
Assignment, Etc. The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall
be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

 

(c)
Amendments. This Note may not be modified or amended, or any of the provisions of this Note waived, except by written agreement
of the Company and the Holder.

 

(d)
Funding Window. The Company agrees that it will not enter into a convertible debt financing transaction, including 3(a)(9)
and 3(a)(10) transactions, with any party other than the Holder for a period of 15 Trading Days following the Effective Date.
The Company agrees that this is a material term of this Note and any breach of this will result in a default of the Note.

 

(e)
Piggyback Registration Rights. The Company shall include on the next registration statement that the Company files with
the SEC (or on the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion
of this Note. Failure to do so will result in liquidated damages of 30% of the outstanding Principal Sum of this Note, but not
less than $20,000, being immediately due and payable to the Holder at its election in the form of a cash payment or an addition
to the Principal Sum of this Note.

 

(f)
Terms of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries
of any convertible debt security (whether such debt begins with a convertible feature or such feature is added at a later date)
with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not
similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term
and such term, at the Holder’s option, shall become a part of this Note and its supporting documentation.. The types of terms
contained in the other security that may be more favorable to the holder of such security include, but are not limited to, terms
addressing conversion discounts, terms addressing maturity, conversion look back periods, interest rates, original issue discount
percentages and warrant coverage.

 

(g)
Governing Law; Jurisdiction.

 

(i)
Governing Law. This Note will be governed by, and construed and interpreted in accordance with, the laws of the Commonwealth
of Puerto Rico without regard to any conflicts of laws or provisions thereof that would otherwise require the application of the
law of any other jurisdiction.

 

(ii)
Jurisdiction and Venue. Any dispute, claim, suit, action or other legal proceeding arising out of or relating to this Note
or the rights and obligations of each of the parties shall be brought only in the San Juan, Puerto Rico or in the federal courts
of the United States of America located in San Juan, Puerto Rico.

 

(iii)
No Jury Trial. The Company hereto knowingly and voluntarily waives any and all rights it may have to a trial by jury with
respect to any litigation based on, or arising out of, under, or in connection with, this Note.

 

    	 

    	 

    

 

(iv)
Delivery of Process by the Holder to the Company. In the event of an action or proceeding by the Holder against the Company,
and only by the Holder against the Company, service of copies of summons and/or complaint and/or any other process that may be
served in any such action or proceeding may be made by the Holder via U.S. Mail, overnight delivery service such as FedEx or UPS,
email, fax, or process server, or by mailing or otherwise delivering a copy of such process to the Company at its last known attorney
as set forth in its most recent SEC filing.

 

(v)
Notices. Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally
served, sent by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at
the time of transmission if by facsimile or email, and if by overnight courier the business day after such notice is deposited
with the courier service for delivery.

 

(h)
No Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act of 1933, as
amended, on the basis of being a “bad actor” as that term is established in the September 13, 2013 Small Entity Compliance
Guide published by the SEC.

 

(i)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law
governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest
permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim
or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated
damages or interest on this Note.

 

(j)
Securities Laws Disclosure; Publicity. The Company shall (a) by 9:30 a.m. Eastern Time on the Trading Day immediately following
the Date of Execution, issue a press release disclosing the material terms of the transactions contemplated hereby, and (b) file
a Current Report on Form 8-K, with the SEC within the time required by the 1934 Act. From and after the filing of such press release,
the Company represents to the Holder that it shall have publicly disclosed all material, non-public information delivered to the
Holder by the Company, or any of its officers, directors, employees, or agents in connection with the transactions contemplated
by this Note. The Company and the Holder shall consult with each other in issuing any other press releases with respect to the
transactions contemplated hereby, and neither the Company nor the Holder shall issue any such press release nor otherwise make
any such public statement without the prior consent of the Company, with respect to any press release of the Holder, or without
the prior consent of the Holder, with respect to any press release of the Company, none of which consents shall be unreasonably
withheld, delayed, denied, or conditioned except if such disclosure is required by law, in which case the disclosing party shall
promptly provide the other party with prior notice of such public statement or communication. Notwithstanding the foregoing, the
Company shall not publicly disclose the name of the Holder, or include the name of the Holder in any filing with the SEC or any
regulatory agency or Principal Market, without the prior written consent of the Holder, except to the extent such disclosure is
required by law or Principal Market regulations, in which case the Company shall provide the Holder with prior notice of such
disclosure permitted hereunder.

 

    	 

    	 

    

 

The
Company agrees that this is a material term of this Note and any breach of this Section 5.00(j) will result in a default of the
Note.

 

(k)
Attempted Below-par Issuance. In the event that the Holder delivers a Conversion Notice to the Company and, if as of such
date, (i) the Conversion Price would be less than par value of the Company’s Common Stock and (ii) within three business
days of the delivery of the Conversion Notice, the Company shall not have reduced its par value such that all of the requested
conversion transaction may then be accomplished, then the Company and the Holder shall utilize the following conversion protocol
for Par Value Adjustment. The Holder shall transmit to the Company: (X) a “preliminary” Conversion Notice for the
full number of shares of Common Stock that would be issued at the Conversion Price without regard to any below-par value conversion
issues; followed by (Y) a “par value” Conversion Notice for the number of shares of Common Stock with the Conversion
Price increased from the “preliminary” Conversion Price to a Conversion Price at par value; and, finally, (Z) a “liquidated
damages” Conversion Notice for that number of shares of Common Stock that represents the difference between the “preliminary”
Conversion Notice full number of shares and the “par value” Conversion Notice limited number of shares. The Conversion
Price of such “liquidated damages Common Shares” would be the par value of the Common Stock. Accordingly, through
this protocol, the Company would issue, in two transactions, an amount of shares of its Common Stock equivalent to the full number
of shares of Common Stock that would have been issued in accordance with the “preliminary” Conversion Notice without
regard to any below-par value conversion issues. In the event that the Holder is precluded from exercising any or all of its conversion
rights hereunder as a result of a proposed “below par” conversion, the Company agrees that, in lieu of actual damages
for such failure, liquidated damages may be assessed and recovered by the Holder without being required to present any evidence
of the amount or character of actual damages sustained by reason thereof. The amount of such liquidated damages shall be an amount
equivalent to the trading price utilized in the “preliminary” Conversion Notice multiplied by the number of shares
calculated on the “liquidated damages” Conversion Notice. Such amount shall be assessed and become immediately due
and payable to the Holder (at its election) in the form of a (i) cash payment, (ii) an addition to the Principal Sum of this Note,
or (iii) the immediate issuance of that number of shares of Common Stock as calculated on the “liquidated damages”
Conversion Notice. Such liquidated damages are intended to represent estimated actual damages and are not intended to be a penalty,
but, by virtue of their genesis and subject to the election of the Holder (as set forth in the immediately preceding sentence),
will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144, as
the Company’s failure to maintain the par value of its Common Stock at an amount that would not result in a “below
par” conversion failure is equivalent to a default as of the Issuance Date of the Note.

 

[Signature
Page to Follow.]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Fixed Convertible Promissory Note to be duly executed on the day and in the year
first above written.

 

	 	TAURIGA SCIENCES, INC.
	 	 	 
	 	By:	              
	 	Name:	 
	 	Title:  	 
	 	Email:	 
	 	Address:	 

 

This
Fixed Convertible Promissory Note of February 6, 2020 is accepted this ___ day of __________, 2020 by

 

	TANGIERS GLOBAL, LLC	 
	 	 	 
	By:	              	 
	Name:	 	 
	Title:	Managing
MemberExhibit 10.16

 

JOINT
VENTURE PARTNERSHIP AGREEMENT

 

This
JOINT VENTURE PARTNERSHIP AGREEMENT (“Agreement”) is made and executed on this 21 Day of January, 2020
by and between: OG LABRATORIES, LLC, a Florida Limited Liability Company (“Company”), and SETH SHAW, (Tauriga Sciences
).

 

RECITALS:

 

	 	A.	Contractor,
    by and through his entity TAURIGA SCIENCES INC., has an existing relationship with Company as a wholesaler of Company’s
    products.
	 	 	 
	 	B.	In
    certain cases, Contractor and TAURIGA are unable to fulfil orders due to their large size or high value, but neither party
    desires for such opportunities to be lost.
	 	 	 
	 	C.	To
    incentive Contractor to bring large or high value transactions directly to Company, Company desires to pay Contractor a finder’s
    fee for such transactions.

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein, and other valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and for the reasons set forth and in consideration of the covenants and promises of the parties
hereto, the parties agree as follows:

 

		1.	Contract
                                         Relationship

 

	 	1.1	The
    relationship between the two parties shall be that of independent contractors. Neither party shall be liable for the acts
    or omissions of the other.

 

		2.	Effective
                                         Date & Term of Agreement

 

	 	2.1	The
    effective date of this Agreement shall be the 21 Day of January, 2020 and all rights and obligations of the parties
    hereunder shall be effective as of that date.
	 	 	 
	 	2.2	This
    Agreement is valid and shall remain in full force and effect starting from the effective date and lasting until terminated
    by either party as provided in Section 7.

 

		3.	Representation

 

	 	3.1	Contractor
    is authorized to discuss Company’s products and probable pricing, but is not authorized to bind Company.
	 	 	 
	 	3.2	Contractor
    may be entrusted with samples of Company’s products, and Contractor shall have no rights to such samples by virtue of
    this Agreement.
	 	 	 
	 	3.3	Contractor
    shall take all reasonable steps to ensure all samples are well protected against damage or loss and Contactor solely liable
    for any loss and damage so incurred so sustained by the samples of work due to any kind of negligence on the part of Contractor.

 

    	Sales Agreement
Page 1 of 6

    	 

    

 

	 	3.4	Contractor
    must return any samples in his possession must be returned to Company within thirty (30) days after termination of this Agreement.
	 	 	 
	 	3.5	Company
    may provide Contractor with quotes and presentation materials.

 

		4.	Compensation
                                         and Sales

 

	 	4.1	Contractor
    shall be compensated by Company for sales generated through Contractor’s efforts according the following formula: Contactor
    shall receive a set percentage of the total order amount for third-party customers who purchase directly from Company. For
    deals greater than One Hundred Thousand Dollars ($100,000.00), Contractor shall receive commission of three and a half percent
    (3.5%) and for deals of One Hundred Thousand Dollars ($100,000.00) or less, Contractor shall receive commission of five percent
    (5%).
	 	 	 
	 	4.2	New
    Sales: Contractor will only receive a commission on sales to customers that Contractor brings to Company. Contractor shall
    receive the commission on such sales as long as the sale is made while the contract is in force or within six (6) months after
    the contract’s termination.

 

		5.	Invoices

 

	 	5.1	Company
    is responsible for sending invoices to customers and collecting payments.
	 	 	 
	 	5.2	Company
    shall then pay Contractor a commission on the collected invoices using the formula listed in Section 4.
	 	 	 
	 	5.3	After
    Company collects on customer invoices, Company shall pay Contractor no later than thirty (30) days after the invoice has been
    collected.
	 	 	 
	 	5.4	Company
    is responsible for maintaining records with regard to all the billings and is also responsible for sending copies of the invoice
    to Contractor.

 

		6.	Expenses

 

	 	6.1	Contractors
    shall not be entitled to reimbursement for any expenses. Occasional reimbursement of expenses by Company shall not operate
    as a waiver of this Section.

 

		7.	Termination

 

	 	7.1	This
    Agreement may be terminated by either party with thirty days of prior written notice to the other party at the address provided
    in Section 9.
	 	 	 
	 	7.2	The
    Agreement can be terminated by either party for breach of any of the terms specified herein with a notice of thirty (30) days
    prior to such termination. Both parties shall have the right to cure the breach during the thirty (30) day notice of termination
    period.

 

    	Sales Agreement
Page 2 of 6

    	 

    

 

	 	7.3	Upon
    termination Contractor shall cease to represent Company and shall return all Company samples and materials within a time period
    of thirty (30) days of such termination.
	 	 	 
	 	7.4	If
    Company executes a sale to any customers which Contractor obtained prior to the termination of this Agreement, then Company
    is liable to pay Contractor its commission in accordance with Section 4 of this Agreement.
	 	 	 
	 	7.5	Such
    commission shall be paid to Contractor only if Company executes the sale within six (6) months of the termination of this
    Agreement and not otherwise.

 

		8.	Assignment

 

	 	8.1	This
    Agreement shall not be assigned by either of the parties hereto. It shall be binding on and inure to the benefit of the successors,
    administrators, executors, or heirs of Company and Contactor. Any purported or attempted assignment or other transfer or delegation
    in violation of this section shall be null and void.

 

		9.	 Notice

 

	 	9.1	Any
    notice to be given by one party to the other under, or in connection with this Agreement shall be in writing, signed by or
    on behalf of the party giving it. Notice shall be addressed to the recipient at the email or physical address set out below
    or to such other address as that party may notify to the other party. Emails containing notice of a breach or termination
    shall contain the word “notice” in the subject line. Notice shall be provided at the following addresses:

 

To
Company:

Email:
dustyn@oglaboratories.com

Mailing
Address: 109 W Hillsboro Blvd. Deerfield Beach, FL 33441

Attention: Dustyn Hertsenberg

 

To
Contractor:

Email:
sshaw@tauriga.com

Mailing
Address: 26 Caligiuri Court Lagrangeville, NY 12540

Attention: Seth Shaw

 

    	Sales Agreement
Page 3 of 6

    	 

    

 

		10.	Amendments
                                         or Modification

 

	 	10.1	No
    modification of or amendment to this Agreement will be effective unless in writing signed by both parties.

 

		11.	No
                                         Waivers

 

	 	11.1	The
    rights and remedies of the parties to this Agreement are cumulative and not alternative. No waiver of any rights is to be
    charged against any party unless such waiver is in writing signed by the party so charged. Neither the failure nor any delay
    by any party in exercising any right, power, or privilege under this Agreement will operate as a waiver of such right, power,
    or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further
    exercise of such right, power, or privilege or the exercise of any other right, power, or privilege.

 

		12.	Severability

 

	 	12.1	If
    any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
    of this Agreement will remain in full force and effect, and, if legally permitted, such offending provision will be replaced
    with an enforceable provision that as nearly as possible effects the party’s intent.

 

		13.	Execution
                                         in Counterparts

 

	 	13.1	This
    Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute
    the same Agreement.

 

		14.	Governing
                                         Law and Forum

 

	 	14.1	 The validity, construction, and interpretation of this Agreement shall be governed by and construed in accordance with the
    laws of the State of Florida, without regard to principles of conflicts of law.
	 	 	 
	 	14.2	The parties hereby consent and agree to the exclusive jurisdiction of the state and federal courts located in Florida for
    all suits, actions or proceedings directly or indirectly arising out of or relating to this Agreement, and waive any and all
    objections to such courts, including but not limited to objections based on improper venue or inconvenient forum, and each
    party hereby irrevocably submits to the jurisdiction of such courts in any suits, actions or proceedings arising out of or
    relating to this Agreement.

 

		15.	Indemnification

 

	 	15.1	To
    the maximum extent permitted by law, Contractor shall indemnify and hold harmless Company and its directors, officers, employees,
    agents, stockholders, affiliates, subcontractors, and customers from and against all allegations, claims, actions, suits,
    demands, damages, liabilities, obligations, losses, settlements, judgments, costs and expenses (including without limitation
    attorneys’ fees and costs) which arise out of, relate to or result from any act or omission of Contractor or Contractor’s
    affiliates, employees, agents, or subcontractors.

 

    	Sales Agreement
Page 4 of 6

    	 

    

 

		16.	Limitation
                                         on Liability

 

	 	16.1	THE
    PARTIES AGREE THAT NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL,
    EXEMPLARY, OR CONSEQUENTIAL DAMAGES ARISING FROM OR RELATED TO THE PROVISION OF SERVICES HEREUNDER OR THE USE, MISUSE OR INABILITY
    TO USE ANY SERVICES (INCLUDING BUT NOT LIMITED TO LOSS OF USE OR GOODWILL, INTERRUPTION OF BUSINESS, LOSS OF PROFITS OR REVENUE,
    AND COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES), REGARDLESS OF THE FORM OF ACTION WHETHER, IN CONTRACT, TORT (INCLUDING
    NEGLIGENCE), OR OTHERWISE.

 

		17.	Entire
                                         Agreement

 

	 	17.1	This Agreement constitutes the entire Agreement
between the parties with respect to the subject matter contained herein, superseding all previous Agreements pertaining to the
such subject matter, and may be modified only by an amendment executed in writing by both parties hereto. All prior agreements,
representations, warranties, statements, negotiations, understandings and undertakings are superseded hereby. Both parties hereto
represent that they have read this Agreement, understand it, agree to be bound by all terms and conditions stated herein, and
acknowledge receipt of a signed, true and exact copy of this Agreement.

 

    	Sales Agreement
Page 5 of 6

    	 

    

 

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

 

	Company:	 
	 	 
	 	 
	DUSTYN
    HERTSENBERG	 
	Manager,
    OG Laboratories, LLC	 
	 	 
	Contractor:	 
	 	 
	 	 
	SETH
    SHAW	 
	Chief
    Executive Officer, Tauriga Sciences	 

 

    	Sales Agreement
Page 6 of 6

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