Document:

Exhibit 10.7

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT,
dated as of January 6, 2022 (as it may from time to time be amended, this “Agreement”), is entered into by and between
Viscogliosi Brothers Acquisition Corp., a Delaware corporation (the “Company”), and Raymond James & Associates,
Inc. (the “Underwriter”).

 

WHEREAS, the Company intends to consummate a public
offering of the Company’s units (the “Public Offering”), each unit consisting of one share of the Company’s
common stock, par value $0.0001 per share (a “Share”), and one-half of one redeemable warrant, each whole warrant exercisable
for one Share at an exercise price of $11.50 per Share, as set forth in the Company’s registration statement on Form S-1 related
to the Public Offering (the “Registration Statement”); and

 

WHEREAS, the Underwriter has agreed to purchase
from the Company an aggregate of 187,500 warrants (or up to 215,625 warrants if the over-allotment option in connection with the Public
Offering is exercised in full) (the “Underwriter Warrants”), each Underwriter Warrant entitling the holder to purchase one
Share at an exercise price of $11.50 per Share.

        

NOW THEREFORE, in consideration of the mutual promises
contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section 1. Authorization, Purchase and Sale; Terms of the Underwriter Warrants.

 

A. Authorization of the Underwriter Warrants.
The Company has duly authorized the issuance and sale of the Underwriter Warrants to the Underwriter.

 

B. Purchase and Sale of the Underwriter Warrants.

 

(i) As payment in full for the 187,500 Underwriter Warrants being purchased under this Agreement, Underwriter shall pay $187,500 (the “Purchase Price”), by wire transfer
of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust
Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust
Company, acting as trustee, at least one (1) business day prior to the date of effectiveness of the Registration Statement.

 

(ii) In the event that the over-allotment
option is exercised in full or in part, Underwriter shall purchase up to an additional 28,125 Underwriter Warrants (the “Additional
Underwriter Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously
with such purchase of Additional Underwriter Warrants, as payment in full for the Additional Underwriter Warrants being purchased hereunder, and
at least one (1) business day prior to the closing of all or any portion of the over-allotment option, Underwriter shall pay $1.00
per Additional Underwriter Warrant, up to an aggregate amount of $28,125, by wire transfer of immediately available funds or by such other
method as may be reasonably acceptable to the Company, to the Trust Account.

 

(iii) The closing of the purchase and sale
of the Underwriter Warrants shall take place simultaneously with the closing of the Public Offering (the “Initial Closing Date”).
The closing of the purchase and sale of the Additional Underwriter Warrants, if applicable, shall take place simultaneously with the closing
of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates”
and each, a “Closing Date”). The closing of the purchase and sale of each of the Underwriter Warrants and the Additional
Underwriter Warrants shall take place at the offices of Loeb & Loeb LLP, 345 Park Avenue, New York, New York 10154, or such other place
as may be agreed upon by the parties hereto.

  

     

     

    

 

C. Terms of the Underwriter Warrants.

 

(i) The Underwriter Warrants shall have their
terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a
 “Warrant Agreement”).

 

(ii) At or prior to the time of the Initial
Closing Date, the Company and the Underwriter shall enter into a registration rights agreement (the “Registration Rights Agreement”)
pursuant to which the Company will grant certain registration rights to the Underwriter relating to the Underwriter Warrants and the Shares
underlying the Underwriter Warrants.

 

Section 2. Representations and Warranties of the Company. 
As a material inducement to the Underwriter to enter into this Agreement and purchase the Underwriter Warrants, the Company hereby represents
and warrants to the Underwriter (which representations and warranties shall survive the Closing Dates) that:

 

A. Organization and Corporate Power.
The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified
to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect
on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority
necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

 

B. Authorization; No Breach.

 

(i) The execution, delivery and performance
of this Agreement and the Underwriter Warrants have been duly authorized by the Company as of the Closing Dates. This Agreement constitutes
a valid and binding obligation of the Company, enforceable in accordance with its terms. Upon issuance in accordance with, and payment
pursuant to, the terms of the Warrant Agreement and this Agreement, the Underwriter Warrants will constitute valid and binding obligations
of the Company, enforceable in accordance with their terms as of the Closing Dates.

 

(ii) The execution and delivery by the Company
of this Agreement and the Underwriter Warrants, the issuance and sale of the Underwriter Warrants, the issuance of the Shares upon exercise of
the Underwriter Warrants and the fulfillment of, and compliance with, the respective terms hereof and thereof by the Company, do not and will
not as of the Closing Dates (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute
a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s capital
stock or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other
action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the certificate
of incorporation or the bylaws of the Company (in effect on the date hereof or as may be amended prior to completion of the contemplated
Public Offering), or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment
or decree to which the Company is subject, except for any filings required after the date hereof under federal or state securities laws.

 

C. Title to Securities. Upon issuance
in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Underwriter Warrants will be duly and validly
issued and the Shares issuable upon exercise of the Underwriter Warrants will be duly and validly issued, fully paid and nonassessable. Upon
issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Underwriter will have good title
to the Underwriter Warrants and the Shares issuable upon exercise of such Underwriter Warrants, free and clear of all liens, claims and encumbrances
of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer
restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Underwriter.

 

D. Governmental Consents. No permit,
consent, approval or authorization of, or declaration to or filing with, any governmental authority is required in connection with the
execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated
hereby.

 

Section 3. Representations and Warranties of the Underwriter. As
a material inducement to the Company to enter into this Agreement and issue and sell the Underwriter Warrants to the Underwriter, the Underwriter
hereby represents and warrants to the Company (which representations and warranties shall survive the Closing Dates) that:

 

     

     

    

 

A. Organization and Requisite Authority.
The Underwriter possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

B. Authorization; No Breach.

 

(i) This Agreement constitutes a valid and
binding obligation of the Underwriter, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable
principles (whether considered in a proceeding in equity or law).

 

(ii) The execution and delivery by the Underwriter
of this Agreement and the fulfillment of and compliance with the terms hereof by the Underwriter does not and shall not as of the Closing
Dates conflict with or result in a breach by the Underwriter of the terms, conditions or provisions of any agreement, instrument, order,
judgment or decree to which the Underwriter is subject.

 

C. Investment Representations.

 

(i) The Underwriter is acquiring the Underwriter Warrants and, upon exercise of the Underwriter Warrants, the Shares issuable upon such exercise (collectively, the “Securities”),
for the Underwriter’s own account, for investment purposes only and not with a view towards, or for resale in connection with, any
public sale or distribution thereof.

 

(ii) The Underwriter is an “accredited
investor” as such term is defined in Rule 501(a)(3) of Regulation D of the Securities Act of 1933, as amended (the
 “Securities Act”), and such Underwriter has not experienced a disqualifying event as enumerated pursuant to Rule 506(d)
of Regulation D under the Securities Act.

 

(iii) The Underwriter understands that the
Securities are being offered and will be sold to it in reliance on specific exemptions from the registration requirements of the United
States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Underwriter’s compliance
with, the representations and warranties of the Underwriter set forth herein in order to determine the availability of such exemptions
and the eligibility of the Underwriter to acquire such Securities.

 

(iv) The Underwriter did not enter into this
Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502(c) under the Securities
Act.

 

(v) The Underwriter has been furnished with
all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities
which have been requested by the Underwriter. The Underwriter has been afforded the opportunity to ask questions of the executive officers
and directors of the Company. The Underwriter understands that its investment in the Securities involves a high degree of risk and it
has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to
the acquisition of the Securities.

 

(vi) The Underwriter understands that no United
States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement
of the Securities or the fairness or suitability of the investment in the Securities by the Underwriter nor have such authorities passed
upon or endorsed the merits of the offering of the Securities.

 

(vii) The Underwriter understands that: (a) the
Securities have not been and are not being registered under the Securities Act or any state securities laws, and may not be offered for
sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom;
and (b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any other person is under
any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions
of any exemption thereunder. While such Underwriter understands that Rule 144 under the Securities Act is not available for the resale
of securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been
at any time previously a shell company, such Underwriter understands that Rule 144 includes an exception to this prohibition if the following
conditions are met: (i) the issuer of the securities that was formerly a shell company has ceased to be a shell company; (ii) the issuer
of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the
 “Exchange Act”); (iii) the issuer of the securities has filed all Exchange Act reports and material required to be
filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required to file such reports and materials),
other than Form 8-K reports; and (iv) at least one year has elapsed from the time that the issuer filed current Form 10 type information
with the SEC reflecting its status as an entity that is not a shell company.

  

     

     

    

 

(viii) The Underwriter has such knowledge
and experience in financial and business matters, knowledge of the high degree of risk associated with investments in the securities of
companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities
and is able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder for an indefinite period
of time. The Underwriter has adequate means of providing for its current financial needs and contingencies and will have no current or
anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Underwriter can afford a complete
loss of its investment in the Securities.

 

Section 4. Conditions of the Underwriter’s Obligations. The
obligations of the Underwriter to purchase and pay for the Underwriter Warrants are subject to the fulfillment, on or before the Closing Dates,
of each of the following conditions:

 

A. Representations and Warranties.
The representations and warranties of the Company contained in Section 2 shall be true and correct at and as of the Closing Dates
as though then made.

 

B. Performance. The Company shall have
performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or
complied with by it on or before the Closing Dates.

 

C. No Injunction. 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 or the Warrant Agreement.

 

D. Warrant Agreement and Registration Rights
Agreement. The Company shall have entered into a Warrant Agreement with a warrant agent (the “Warrant Agreement”)
and the Registration Rights Agreement, each on terms satisfactory to the Underwriter.

 

E. Corporate Consents. The Company
shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the
Warrant Agreement and the issuance and sale of the Underwriter Warrants hereunder.

 

Section 5. Conditions of the Company’s Obligations. The
obligations of the Company to the Underwriter under this Agreement are subject to the fulfillment, on or before the Closing Dates, of
each of the following conditions:

 

A. Representations and Warranties.
The representations and warranties of the Underwriter contained in Section 3 shall be true and correct at and as of the Closing Dates
as though then made.

 

B. Performance. The Underwriter shall
have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed
or complied with by the Underwriter on or before the Closing Dates.

 

C. No Injunction. 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 or the Warrant Agreement.

 

     

     

    

 

D. Warrant Agreement and Registration Rights
Agreement. The Company shall have entered into the Warrant Agreement and the Registration Rights Agreement.

   

E. Corporate Consents. The Company
shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the
Warrant Agreement and the issuance and sale of the Underwriter Warrants hereunder.

 

Section 6. Termination. This Agreement may be terminated
at any time after January 31, 2022 upon the election by either the Company or a Underwriter entitled to purchase a majority of the
Underwriter Warrants upon written notice to the other parties if the closing of the Public Offering does not occur prior to such date.

 

Section 7. Survival of Representations and Warranties. All
of the representations and warranties contained herein shall survive the Closing Dates.

 

Section 8. Definitions. Terms used but not otherwise
defined in this Agreement shall have the meaning assigned to such terms in the Registration Statement.

 

Section 9. Miscellaneous.

 

A. Successors and Assigns. Except as
otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto
shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the
foregoing or anything to the contrary herein, the parties may not assign this Agreement, other than assignments by the Underwriter to
affiliates thereof.

 

B. Severability. Whenever possible,
each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent
of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

C. Counterparts. This Agreement may
be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same agreement. In the event that any signature is delivered by facsimile transmission
or by e-mail delivery of a “pdf” format data file, such signature shall create a valid and binding obligation of the party
executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “pdf” signature
page were an original thereof.

 

D. Descriptive Headings; Interpretation.
The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement.
The use of the word “including” in this Agreement shall be by way of example rather than by limitation.

 

E. Governing Law. This Agreement shall
be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be construed in accordance with the
internal laws of the State of Delaware.

 

F. Amendments. This Agreement may not
be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement to be effective as of the date first set forth above.

  

	COMPANY:
	 
	VISCOGLIOSI BROTHERS ACQUISITION CORP.
	 
	By:	 /s/ John J. Viscogliosi	 
	Name:	 John J. Viscogliosi
	Title:	 Chief Executive Officer

 

	RAYMOND JAMES & ASSOCIATES, INC.	 
	 	 
	By:	/s/ Richard Mandery	 
	Name:	Richard Mandery	 
	Title:	Managing DirectorEXHIBIT 10.2

 

PROMISSORY
NOTE

 

 

This AMENDED
PROMISSORY NOTE AGREEMENT is entered into on this 4th day of January, 2021 and serves to amend the Promissory
Note originally entered into on the 24th day of November, 2020, by and between Coral Investment Partners, LP, a Georgia
Limited Partnership, whose address is 2030 Powers Ferry Road SE, Suite # 212, Atlanta, GA. 30339
(“Creditor” or “CORAL”) and UAN Power Corp., a Delaware Corporation, whose principal
address is 2030 Powers Ferry Road SE, Suite # 212, Atlanta, GA. 30339, (“Debtor” or “UAN
Power”), collectively referred to as the “Parties.”

 

WHEREAS,
Coral and UAN Power originally entered into the Promissory Note on November 24th, 2020, whereby paragraph 12 that
it shall purchase the following:

 

		•	500,000 Series A Preferred shares at an aggregate price of $100;

		•	200,000,000 Class A Warrants at an aggregate price of $100; and •
200,000,000 Class B Warrants at an aggregate price of $100.

 

WHEREAS,
Coral signed subscription agreements for the purchase of, and purchased at the stated price the following:

 

		•	500,000 Series A Preferred shares at an aggregate price of $2,000;

		•	200,000,000 Class A Warrants at an aggregate price of $1,000; and •
200,000,000 Class B Warrants at an aggregate price of $1,000.

 

WHEREAS,
Coral and UAN Power hereby agree to amend the promissory note to conform to the signed securities purchase agreement and the consideration
paid for the preferred shares and warrants.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the
parties hereto, the parties hereby agree that he debt between both parties is hereby revised and restated as follows:

 

		1.	Amount of Debt: The initial amount of the debt shall be Twenty-Five Thousand Dollars ($25,000),
which Coral shall fund to UAN POWER at the time of the signing of this Promissory Note Agreement via. the assumption and replacement
of the Promissory Note Agreement between Coral and Renewable Energy Solution Systems, Inc. In the event that UAN POWER is in need
of additional funds to maintain its status as a fully reporting company with the SEC, Coral agrees to advance to UAN POWER additional
funds to be used to maintain this status.

 

		2.	Interest Rate: The Debt shall incur interest at the rate of Twenty-Four Percent (24%) per
annum, compounded monthly (“Interest”) until the Debt is repaid in full. Interest on the Debt shall accrue and
become due and payable on the closing

    	1 

    	 

    

 

PROMISSORY
NOTE

 

 

of
any transaction resulting in a change in control of UAN POWER. Any unpaid interest shall be added to the outstanding principal
balance.

 

		3.	Type and Place of Payment: 

 

		A.	The amount due Coral, including principal and interest shall be due and payable upon UAN POWER
commencing sufficient business operations to repay the debt; or

 

		B.	The amount due Coral, including principal and interest shall be due and payable from the escrow
of any transaction resulting in a change in control of UAN POWER; and

 

		4.	Prepayment:  Advance payment or payments may be made on any amounts due under this Note
without penalty or forfeiture. There shall be no penalty for any prepayment.

 

		5.	Acceleration Upon Occurrence of Specified Events. Upon the occurrence or during the continuance
of any one or more of the events hereinafter enumerated, Holder or any of its assigns may forthwith or at any time thereafter or
during the continuance of any such event, by notice in writing to the Maker, declare the outstanding balance be immediately due
and payable without presentation, demand, protest, notice of protest, or other notice of dishonor, all of which are hereby expressly
waived by Maker:

 

		A.	Maker shall file a voluntary petition in bankruptcy or a voluntary petition seeking reorganization,
or shall file an answer admitting the jurisdiction of the court and any material allegations of an involuntary petition filed pursuant
to any act of Congress relating to bankruptcy or to any act purporting to be amendatory thereof, or shall be adjudicated bankrupt,
or shall make an assignment for the benefit of creditors, or shall apply for or consent to the appointment of any receiver or trustee
for Maker, or of all or any substantial portion of its property, or Maker shall make an assignment to an agent authorized to liquidate
any substantial part of its assets; or

 

		B.	An order shall be entered pursuant to any act of Congress relating to bankruptcy or to any act
purporting to be amendatory thereof approving an involuntary petition seeking reorganization of the Maker, or an order of any court
shall be entered appointing any receiver or trustee of or for Maker, or any receiver of trustee of all or any substantial portion
of the property of Maker, or a writ or warrant of attachment or any similar process shall be issued by any court against all or
any substantial portion of the property of

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PROMISSORY
NOTE

 

Maker, and such order approving
a petition seeking reorganization or appointing a receiver or trustee is not vacated or stayed, or such writ, warrant of attachment
or similar process is not released or bonded within 60 days after its entry or levy.

 

		6.	Assignability: The rights or obligations under this Note may not be assigned and/or delegated
by Maker without the express written consent of the other party. Holder may assign his rights without restriction.

 

		7.	Representations and Warranties of Debtor: the Debtor represents and warrants as follows:

 

		A.	The Debtor is a corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware. The Debtor has the corporate power to own its properties and to carry on its business as now being conducted.

 

		B.	The Debtor has all requisite corporate power and authority to enter into this Agreement and to
consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby have been duly authorized by all necessary corporate action on the part of the Debtor. The Debtor’s Board
of Directors has approved this Agreement and the transactions contemplated hereby. This Agreement has been duly executed and delivered
by the Debtor and constitutes a valid and binding obligation of the Debtor, enforceable in accordance with its terms, except (a)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement
of creditors’ rights generally and (b) as limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies.

 

		C.	This Agreement is the legal, valid and binding obligation of the Debtor, except as limited by applicable
bankruptcy, insolvency, and other similar laws affecting creditors’ rights generally.

 

		8.	Representations and Warranties of Creditor: The Creditor represents and warrants as follows:

 

		A.	That the Creditor has knowledge and experience in financial and business matters and that he understands
that the merits and risks associated with the execution of this Agreement.

 

(the remainder
of this page intentionally left blank) 

 

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PROMISSORY
NOTE

 

 

		9.	Events of Default: 

 

		A.	In the “Event of Default” as that term is described in 9(B), the total amount
under due under this Agreement shall become immediately due and payable.

 

		B.	The term, “Event of Default” shall constitute the following scenarios;

 

		i.	The Company is unable to make any of the payments specified in paragraph 3(A).

 

		ii.	If the Debtor shall make an assignment for the benefit of creditors or shall admit in writing its
inability to pay its debts as they become due; or

 

		iii.	If the Debtor shall file a voluntary petition in bankruptcy, or shall be the subject of an involuntary
bankruptcy petition, or adjudicated bankrupt or insolvent, or shall file any petition or answer seeking any reorganization arrangement,
composition, readjustment, liquidation, dissolution, or similar relief under the present or any future Federal Bankruptcy Code
or other applicable federal, state or similar statute, law or regulation, or shall seek or consent to or acquiesce in the appointment
of any trustee, receiver or liquidator of the Debtor or of all or any substantial part of its assets.

 

		C.	Notice of Default:  In the event of an action triggering an Event of Default, the Creditor
shall promptly notify the Company by USPS Certified Mail of the Event of Default. The Company shall have ten (10) days from the
mailing of the Event of Default notice to cure the Event of Default by making the specified payment(s).

 

		10.	Notices: All notices, requests or instructions hereunder shall be in writing and delivered
personally or sent by FedEx mail or similar overnight delivery, postage prepaid, as follows:

 

	If to CORAL	 	If to UAN POWER
	 	 	 
	Coral Investment Partners, LP.	 	UAN Power Holdings, Inc.
	Att: Erik S. Nelson	 	Att: Yin-Chieh Cheng, CFO
	2030 Powers Ferry Road SE	 	2030 Powers Ferry Road SE
	Suite #212	 	Suite #212
	Atlanta, GA. 30339	 	Atlanta, GA. 30339

 

 

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PROMISSORY
NOTE

 

		11.	Governing Law and Venue: The terms and provisions of this letter are solely for the benefit
of the Issuer and Coral Capital Partners and their respective successors, assigns, heirs and personal representatives, and no other
person shall acquire or have any right by virtue of this letter. Coral Investment Partners and the Issuer agree that any dispute
concerning the interpretation, validity, or enforceability of this agreement, and any action arising from any alleged breach hereof,
shall be adjudicated exclusively in State or Superior Court for the county in which Coral Investment Partners' principal executive
office shall be located at the time of institution of such action, or in the applicable district and division of the U.S. District
Court having venue for disputes in that same county. In the event of any litigation
arising from or related to this Agreement, or the services provided under this Agreement, the prevailing party shall be entitled
to recover from the non-prevailing party all reasonable costs incurred including staff time, court costs, attorney’s fees,
and all other related expenses incurred in such litigation. In the event of a no-adjudicative settlement of litigation between
the parties or a resolution of a dispute by arbitration, the term “prevailing party” shall be determined by that process.

 

		12.	Share & Warrant Purchase: The Parties hereby agree that as an inducement to enter into
this Promissory Note Agreement, Coral shall have the right to purchase and shall purchase the following:

 

		A.	Five Hundred Thousand (500,000) Series A Preferred shares at an

aggregate
price of $2,000; and

 

		B.	Two Hundred Million (200,000,000) Class A Warrants at an aggregate price of $1,000, and

 

		C.	Two Hundred Million (200,000,000) Class B Warrants at an aggregate

price
of $1,000, and

 

		13.	Entire Agreement:  This Agreement, including all exhibits and schedules attached thereto,
executed on even date herewith, constitutes the full and entire understanding and agreement between the parties with regard to
the Debt, and no party shall be liable or bound to any other party in any manner by any representations, warranties, covenants
and agreements.

 

		14.	Severability: The invalidity or unforceability of any provision of this letter shall not
affect the validity or enforceability of any other provisions of this letter, which shall remain in full force and effect.

 

		15.	Counterparts/Electronic Signatures: This Agreement may be executed in counterparts, all
of which together shall constitute one agreement binding on all the parties hereto, not withstanding that all such parties are
not signatories to the

    	5 

    	 

    

PROMISSORY NOTE

 

original
or the same counterpart. Facsimile or electronically transmitted signatures shall be deemed effective as originals.

 

		16.	Authority/Capacities/Entities: Each person signing this Agreement represents and warrants
that he or she has complete authority and legal capacity to enter into this Agreement on behalf of the entity for which he or she
is signing, and agrees to defend, indemnify, and hold harmless all other parties if that authority or capacity is challenged.

 

		17.	Knowing and Voluntary Agreement: The Parties represent they have read this Agreement, understand
it, voluntarily agree to its terms, and sign it freely.

 

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

 

	Agreed to and Accepted	Agreed to and Accepted
	this 4th day of January, 2021	this
    4th day of January, 2021
	 	 
	/s/ Erik S. Nelson	/s/ Yin-Chieh “Jeff” Cheng
	 	 
	Erik S. Nelson	Yin-Chieh “Jeff” Cheng,
	President of the General Partner	Chief Financial Officer
	Coral Investment Partners, LP.	UAN Power Corp.

 

    	6

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