Document:

Exhibit
10.2

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT (this “Agreement”) is dated as of May 10, 2022, between Malachite Innovations,
Inc., a Nevada corporation (the “Company”), and Tower IV LLC, an Ohio limited liability company (the “Purchaser”).

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended
(the “Securities Act”), and Rule 506 promulgated thereunder, the Company wishes to issue and sell to the Purchaser,
and the Purchaser wishes to purchase from the Company, the Securities (as defined below).

 

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the
receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser agree as follows:

 

ARTICLE
I.

DEFINITIONS

 

1.1 Definitions.
In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings
set forth in this Section 1.1:

 

“Acquiring
Person” shall have the meaning ascribed to such term in Section 4.4.

 

“Action”
shall have the meaning ascribed to such term in Section 3.1(j).

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

“Closing”
means the closing of the purchase and sale of the Securities pursuant to this Agreement.

 

“Closing
Date” means, in connection with the Closing, the Trading Day on which all of the Transaction Documents have been executed and
delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchaser’s obligations to pay the Subscription
Amount and (ii) the Company’s obligations to deliver the Securities, in each case, have been satisfied or waived.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common
Stock” means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such
securities may hereafter be reclassified or changed.

 

    	 

     

    

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is
at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Company
Counsel” means Ulmer & Berne, LLP, with offices located at 1660 West 2nd Street, Suite 1100, Cleveland, Ohio 44113.

 

“Disclosure
Schedules” means the Disclosure Schedules of the Company attached hereto and delivered concurrently herewith.

 

“Evaluation
Date” shall have the meaning ascribed to such term in Section 3.1(r).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

 

“FDA”
means the U.S. Food and Drug Administration.

 

“GAAP”
shall have the meaning ascribed to such term in Section 3.1(h).

 

“Knowledge”
shall mean, with respect to the Company, the actual knowledge after due inquiry of Michael Cavanaugh, Richard McKilligan and Brandon
Zipp.

 

“Liens”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material
Adverse Effect” shall have the meaning assigned to such term in Section 3.1(b).

 

“Per
Share Purchase Price” equals the per share purchase price specified within Section 2.2, subject to adjustment for reverse and
forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date
of this Agreement.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

 

“Purchaser
Party” shall have the meaning ascribed to such term in Section 4.7.

 

“Registration
Statement” means a registration statement covering the resale by the Purchaser of the Shares.

 

“Related
Person” shall have the meaning ascribed to such term in Section 3.1(q).

 

    	 

     

    

 

“Rule
144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Securities”
means the Shares and the Warrant.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Shares”
means the shares of Common Stock issued or issuable to the Purchaser pursuant to this Agreement.

 

“Short
Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be
deemed to include the location and/or reservation of borrowable shares of Common Stock).

 

“Subsidiary”
means any subsidiary of the Company as set forth on Schedule 3.1(a), and shall, where applicable, also include any direct or indirect
subsidiary of the Company formed or acquired after the date hereof.

 

“Trading
Day” means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the NYSE Market, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock
Exchange, OTCQB, OTCQX or OTC Pink Markets operated by OTC Markets Group, Inc. (or any successors to any of the foregoing).

 

“Transaction
Documents” means this Agreement, the Warrants, all exhibits and schedules thereto and hereto, and any other documents or agreements
executed in connection with the transactions contemplated hereunder.

 

“Transfer
Agent” means Securities Transfer Corporation, Island, LLC, the current transfer agent of the Company, with a mailing address
of 2901 North Dallas Parkway, Suite 380, Plano, Texas 75093, and any successor transfer agent of the Company.

 

“Warrant”
means the Common Stock purchase warrant delivered to the Purchaser at the Closing in accordance with this Agreement, in the form attached
as Exhibit A hereto.

 

“Warrant
Shares” means the shares of Common Stock issuable upon exercise of the Warrants.

 

    	 

     

    

 

ARTICLE
II.

PURCHASE
AND SALE OF THE SECURITIES

 

2.1 The
Closing Date. The closing of the purchase and sale of the Securities (“Closing”) shall occur on May 10, 2022 or
such other date as shall be mutually agreed upon by the Company and the Purchaser (the “Closing Date”).

 

2.2 Closing.

 

(a) On
the Closing Date, upon the terms and subject to the conditions set forth herein and intended to be substantially concurrent with the
execution and delivery of this Agreement by the Company and the Purchaser: (i) the Company shall sell, and the Purchaser shall purchase,
such number of shares of Common Stock equal to the number obtained by dividing One Million Dollars ($1,000,000)(the “Subscription
Amount”) by Fifteen Cents ($0.15) (the “Per Share Purchase Price”) (the shares of Common Stock to be purchased
and sold under this Agreement, the “Shares”) and (ii) the Purchaser shall deliver to the Company, via wire transfer
in immediately available funds, the Subscription Amount.

 

(b) Upon
satisfaction of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur at the offices of Company Counsel
or such other location as the parties shall mutually agree, including remotely via the delivery of electronic closing documents.

 

2.3 Closing
Deliveries.

 

(a) On
or prior to the Closing Date, the Company shall deliver or cause to be delivered to the Purchaser the following:

 

	 	(i)	this
    Agreement duly executed by the Company;
	 	 	 
	 	(ii)	a
    copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent, on an expedited basis, to issue and hold
    in book entry the Shares bearing appropriate legends referring to the fact that the Shares were sold in reliance upon an exemption
    from registration under the Securities Act, registered in the name of the Purchaser, with any fractional number of Shares rounded
    up to the next whole share; and
	 	 	 
	 	(iii)	the
    Warrant in the form attached hereto as Exhibit A.

 

(b) On
or prior to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Company the following:

 

	 	(i)	this
    Agreement duly executed by the Purchaser;
	 	 	 
	 	(ii)	an
    Accredited Investor Questionnaire (in the form provided by the Company to the Purchaser), duly executed by the Purchaser;
	 	 	 
	 	(iii)	the
    Subscription Amount by wire transfer to the Company.

 

    	 

     

    

 

2.4 Closing
Conditions.

 

(a) The
obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

 

	 	(i)	the
    accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse
    Effect, in all respects) on the Closing Date of the representations and warranties of the Purchaser contained herein (unless as of
    a specific date therein in which case they shall be accurate as of such date);
	 	 	 
	 	(ii)	all
    obligations, covenants and agreements of the Purchaser required to be performed at or prior to the Closing Date shall have been performed;
    and
	 	 	 
	 	(iii)	the
    delivery by the Purchaser of the items set forth in Section 2.3(b) of this Agreement.

 

(b) The
obligations of the Purchaser hereunder in connection with the Closing are subject to the following conditions being met:

 

	 	(i)	the
    accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse
    Effect, in all respects) when made and on the Closing Date of the representations and warranties of the Company contained herein
    (unless as of a specific date therein in which case they shall be accurate as of such date);
	 	 	 
	 	(ii)	all
    obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed;
    and
	 	 	 
	 	(iii)	the
    delivery by the Company of the items set forth in Section 2.3(a) of this Agreement.

 

ARTICLE
III.

REPRESENTATIONS
AND WARRANTIES

 

3.1 Representations
and Warranties of the Company. Except as set forth in the Disclosure Schedules, which Disclosure Schedules shall be deemed a part
hereof and shall qualify any representation or otherwise made herein to the extent of the disclosure contained in the corresponding section
of the Disclosure Schedules, the Company hereby makes the following representations and warranties to the Purchaser as of the date hereof:

 

(a) Subsidiaries.
All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a). The Company owns, directly or indirectly,
all of the capital stock or other equity interests of each Subsidiary (if any) free and clear of any Liens, and all of the issued and
outstanding shares of capital stock of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and
similar rights to subscribe for or purchase securities.

 

    	 

     

    

 

(b) Organization
and Qualification. The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. Neither the Company nor any Subsidiary
is in violation nor default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational
or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business and is in good standing as a foreign
corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification
necessary, except where the failure to be so qualified or in good standing, as the case may be, could not have or reasonably be expected
to result in: (i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material
adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise) of the Company and the
Subsidiaries, taken as a whole, or (iii) a material adverse effect on the Company’s ability to perform in any material respect
on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”)
and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail
such power and authority or qualification.

 

(c) Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated
by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The
execution and delivery of each of this Agreement and the other Transaction Documents by the Company and the consummation by it of the
transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and no further
action is required by the Company, the Board of Directors or the Company’s stockholders in connection herewith or therewith other
than in connection with the Required Approvals. This Agreement and each other Transaction Document to which it is a party has been (or
upon delivery will have been) duly executed by the Company and, when delivered in accordance with the terms hereof and thereof, will
constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except (i) as
limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable
law.

 

    	 

     

    

 

(d) No
Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which
it is a party, the issuance and sale of the Securities and the consummation by it of the transactions contemplated hereby and thereby
do not and will not (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate or articles
of incorporation, bylaws or other organizational or charter documents, (ii) conflict with, or constitute a default (or an event that
with notice or lapse of time or both would become a default) under, result in the creation of any Lien upon any of the properties or
assets of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration or cancellation (with or
without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary
debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property or asset of the
Company or any Subsidiary is bound or affected, or (iii) subject to the Required Approvals, conflict with or result in a violation of
any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the
Company or a Subsidiary is subject (including federal and state securities laws and regulations), or by which any property or asset of
the Company or a Subsidiary is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably
be expected to result in a Material Adverse Effect.

 

(e) Filings,
Consents and Approvals. Except for those that have already been obtained, the Company is not required to obtain any consent, waiver,
authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other
governmental authority or other Person in connection with the execution, delivery and performance by the Company of the Transaction Documents,
other than: (i) the filings required by the Commission related to the Securities in this offering and (ii) such filings as are required
to be made under applicable state securities laws (collectively, the “Required Approvals”).

 

(f) Issuance
of the Securities. The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction
Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company. The Warrant
Shares, when issued in accordance with the terms of the Warrant, will be validly issued, fully paid and nonassessable, free and clear
of all Liens imposed by the Company.

 

(g) Capitalization.
As of the date of this Agreement, the total authorized capital stock of the Company consists of 1,000,000,000 shares of Common Stock,
of which 51,450,147 are issued and outstanding, and 7,399,212 are reserved for issuance pursuant to options and warrants (other than
the Warrant Shares) exercisable or exchangeable for shares of Common Stock. The Company has not issued any capital stock since its most
recently filed current report under the Exchange Act, other than pursuant to the exercise of employee stock options under the Company’s
stock option plans, the issuance of shares of Common Stock to employees pursuant to the Company’s employee stock purchase plans
and pursuant to the conversion and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic
report under the Exchange Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar right
to participate in the transactions contemplated by the Transaction Documents. Except as set forth in this Section 3.1(g) or as a result
of the purchase and sale of the Securities, there are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or
giving any Person any right to subscribe for or acquire, any shares of Common Stock, or contracts, commitments, understandings or arrangements
by which the Company is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and
sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the
Purchaser) and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price
under any of such securities, and no Company securities are outstanding as of the date hereof which contain such price-based anti-dilution
or reset protections. All of the outstanding shares of capital stock of the Company are duly authorized, validly issued, fully paid and
nonassessable, have been issued in compliance with all federal and state securities laws, and none of such outstanding shares was issued
in violation of any preemptive rights or similar rights to subscribe for or purchase securities. No further approval or authorization
of any stockholder, the Board of Directors or others is required for the issuance and sale of the Securities. There are no stockholders
agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a
party or, to the Knowledge of the Company, between or among any of the Company’s stockholders.

    	 

     

    

 

(h) SEC
Reports; Financial Statements. The Company has filed all reports, schedules, forms, statements and other documents required to be
filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two
years preceding the date hereof (or such shorter period as the Company was required by law or regulation to file such material) (the
foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred to herein
as the “SEC Reports”) on a timely basis or has received a valid extension of such time of filing and has filed any
such SEC Reports prior to the expiration of any such extension. As of their respective dates, the SEC Reports complied in all material
respects with the requirements of the Securities Act and the Exchange Act, as applicable, and none of the SEC Reports, when filed, 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 the light of the circumstances under which they were made, not misleading. The financial statements of the
Company included in the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations
of the Commission with respect thereto as in effect at the time of filing. Such financial statements have been prepared in accordance
with United States generally accepted accounting principles applied on a consistent basis during the periods involved (“GAAP”),
except as may be otherwise specified in such financial statements or the notes thereto and except that unaudited financial statements
may not contain all footnotes required by GAAP, and fairly present in all material respects the financial position of the Company and
its consolidated Subsidiaries as of and for the dates thereof and the results of operations and cash flows for the periods then ended,
subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments.

 

(i) Material
Changes; Undisclosed Events, Liabilities or Developments. Since the date of the latest audited financial statements included within
the SEC Reports, except as specifically disclosed in a subsequent SEC Report filed prior to the date hereof, (i) there has been no event,
occurrence or development that has had or that could reasonably be expected to result in a Material Adverse Effect, (ii) the Company
has not incurred any liabilities (contingent or otherwise) other than (A) trade payables and accrued expenses incurred in the ordinary
course of business consistent with past practice and (B) liabilities not required to be reflected in the Company’s financial statements
pursuant to GAAP or disclosed in filings made with the Commission, (iii) the Company has not altered its method of accounting, (iv) the
Company has not declared or made any dividend or distribution of cash or other property to its stockholders or purchased, redeemed or
made any agreements to purchase or redeem any shares of its capital stock and (v) the Company has not issued any equity securities to
any officer, director or Affiliate, except pursuant to existing Company stock option plans. The Company does not have pending before
the Commission any request for confidential treatment of information. Except for the issuance of the Securities contemplated by this
Agreement, no event, liability, fact, circumstance, occurrence or development has occurred or exists or is reasonably expected to occur
or exist with respect to the Company or its Subsidiaries or their respective businesses, properties, operations, assets or financial
condition that would be required to be disclosed by the Company under applicable securities laws at the time this representation is made
or deemed made that has not been publicly disclosed at least one (1) Trading Day prior to the date that this representation is made.

 

    	 

     

    

 

(j) Litigation.
Except as set forth in the SEC Reports, there is no action, suit, inquiry, notice of violation, proceeding or investigation pending or,
to the Knowledge of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before
or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign)
(collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability of
any of the Transaction Documents or the Securities or (ii) could, if there were an unfavorable decision, have or reasonably be expected
to result in a Material Adverse Effect.

 

(k) Labor
Relations. No labor dispute exists or, to the Knowledge of the Company, is imminent with respect to any of the employees of the Company,
which could reasonably be expected to result in a Material Adverse Effect. None of the Company’s or its Subsidiaries’ employees
is a member of a union that relates to such employee’s relationship with the Company or such Subsidiary, and neither the Company
nor any of its Subsidiaries is a party to a collective bargaining agreement, and the Company and its Subsidiaries believe that their
relationships with their employees are good. To the Knowledge of the Company, no executive officer of the Company or any Subsidiary is
in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition
agreement, or any other contract or agreement or any restrictive covenant in favor of any third party, and the continued employment of
each such executive officer does not subject the Company or any of its Subsidiaries to any liability with respect to any of the foregoing
matters. The Company and its Subsidiaries are in compliance with all U.S. federal, state, local and foreign laws and regulations relating
to employment and employment practices, terms and conditions of employment and wages and hours, except where the failure to be in compliance
could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(l) Compliance.
Neither the Company nor any Subsidiary: (i) is in default under or in violation of (and no event has occurred that has not been waived
that, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under), nor has the Company or
any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement
or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default
or violation has been waived), (ii) is in violation of any judgment, decree or order of any court, arbitrator or other governmental authority
or (iii) is in violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all
foreign, federal, state and local laws relating to taxes, environmental protection, occupational health and safety, product quality and
safety and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse
Effect.

 

    	 

     

    

 

(m) Regulatory
Permits. The Company and the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal,
state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except
where the failure to possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material
Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or
modification of any Material Permit.

 

(n) Title
to Assets. The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them and good
and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in
each case free and clear of all Liens, except for (i) liens as do not materially affect the value of such property and do not materially
interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries and (ii) liens for the payment
of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and, the payment of
which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by the Company and the Subsidiaries
are held by them under valid, subsisting and enforceable leases with which the Company and the Subsidiaries are in material compliance.

 

(o) Intellectual
Property. The Company and the Subsidiaries have, or have rights to use, all patents, patent applications, trademarks, trademark applications,
service marks, trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights and similar rights
as described in the SEC Reports as necessary or required for use in connection with their respective businesses and which the failure
to so have could have a Material Adverse Effect (collectively, the “Intellectual Property Rights”). Neither the Company
nor any Subsidiary has received, a written notice of a claim or otherwise has any knowledge that the Intellectual Property Rights violate
or infringe upon the rights of any Person, except as could not have, or reasonably be expected to have, a Material Adverse Effect. To
the Knowledge of the Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by another
Person of any of the Intellectual Property Rights. The Company and its Subsidiaries have taken reasonable security measures to protect
the secrecy, confidentiality and value of all of their Intellectual Property Rights, except where failure to do so could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

    	 

     

    

 

(p)
FDA and Related Matters. The Company and, to the Company’s Knowledge, others who perform services on the Company’s
behalf have been and are in compliance with all applicable federal, state, local and foreign laws, rules, regulations, standards, orders
and decrees governing their respective businesses, including without limitation, all regulations promulgated by the FDA or any other
federal, state, local or foreign agencies or bodies engaged in the regulation of pharmaceuticals or biohazardous substances or materials,
except where noncompliance would not, singly or in the aggregate, have a Material Adverse Effect; and the Company has not received any
notice citing action or inaction by the Company or others who perform services on the Company’s behalf that would constitute non-compliance
with any applicable federal, state, local or foreign laws, rules, regulations or standards excepting, however, such actions that have
heretofore been resolved to the satisfaction of such governmental entity. All tests and preclinical and clinical studies conducted by
or on behalf of the Company were and, if still pending, are being, conducted in all material respects in accordance with experimental
protocols, procedures and controls generally used by qualified experts in the preclinical and clinical study of new drugs, and laws and
regulations; the descriptions of the tests and preclinical and clinical studies, and results thereof, conducted by or on behalf of the
Company are accurate in all material respects; except as disclosed in the SEC Reports, the Company has not received any written notice
or correspondence from the FDA or any foreign, state or local governmental body exercising comparable authority or any Institutional
Review Board or comparable authority requiring the termination, suspension, material modification or clinical hold of any tests or preclinical
or clinical studies being conducted by or on behalf of the Company, which termination, suspension, material modification or clinical
hold would reasonably be expected to have a Material Adverse Effect; and the Company has not received any written notices or correspondence
from others concerning the termination, suspension, material modification or clinical hold of any tests or preclinical or clinical studies
conducted by others on any active ingredient contained in the existing products of the Company or the products described in the SEC Reports
as being under development, which termination, suspension, material modification or clinical hold would reasonably be expected to have
a Material Adverse Effect.

 

(q) Insurance.
The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in
such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not
limited to, directors and officers insurance coverage. The Company and the Subsidiaries are in compliance in all material respects with
all of its obligations under each insurance policy, and no written notice of cancellation or termination has been received with respect
to each insurance policy.

 

(r) Transactions
with Related Persons. To the Knowledge of the Company, no director, officer, employee, equityholder, Affiliate or “associate”
or members of any of their “immediate family” (as such terms are respectively defined in Rule 12b-2 and Rule 16a-1 of the
Exchange Act) of the Company (each of the foregoing, a “Related Person”), other than in his capacity as a director, officer,
equityholder or employee of the Company, has any material interest in or other material business relationship or arrangement with any
Person that (i) does business with the Company in connection with the operation of the Business, (ii) is engaged, directly or
indirectly, in the conduct of the Business or (iii) owns any material property, asset or right that is used by the Company.

 

(s) Sarbanes-Oxley;
Internal Accounting Controls. The Company and the Subsidiaries are in compliance with any and all applicable requirements of the
Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by
the Commission thereunder that are effective as of the date hereof and as of the Closing Date. The Company and the Subsidiaries maintain
a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance
with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial
statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with
management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets
at reasonable intervals and appropriate action is taken with respect to any differences. The Company and the Subsidiaries have established
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and the Subsidiaries and
designed such disclosure controls and procedures to ensure that information required to be disclosed by the Company in the reports it
files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s
rules and forms. The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of
the Company and the Subsidiaries as of the end of the period covered by the most recently filed periodic report under the Exchange Act
(such date, the “Evaluation Date”). The Company presented in its most recently filed periodic report under the Exchange
Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations
as of the Evaluation Date. Since the Evaluation Date, there have been no changes in the internal control over financial reporting (as
such term is defined in the Exchange Act) of the Company and its Subsidiaries that have materially affected, or is reasonably likely
to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.

 

    	 

     

    

 

(t) Brokers’
Fees. No brokerage or finder’s fees or commissions are or will be payable by the Company or any Subsidiary to any broker, financial
advisor or consultant, finder, placement agent, or investment banker with respect to the transactions contemplated by the Transaction
Documents.

 

(u) Investment
Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Securities, will not be
or be an Affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The
Company shall conduct its business in a manner so that it will not become an “investment company” subject to registration
under the Investment Company Act of 1940, as amended.

 

(v) Registration
of Shares. The Company will make reasonable efforts to file a registration statement under the Securities Act to register the Shares
and Warrant Shares within a reasonable time following the Closing.

 

(w) Listing
and Maintenance Requirements. The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company
has taken no action designed to, or which to its Knowledge is likely to have the effect of, terminating the registration of the Common
Stock under the Exchange Act nor has the Company received any notification that the Commission is contemplating terminating such registration.
The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the Common Stock is
or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such
Trading Market. The Common Stock is currently eligible for electronic transfer through the Depository Trust Company or another established
clearing corporation and the Company is current in payment of the fees to the Depository Trust Company (or such other established clearing
corporation) in connection with such electronic transfer.

 

(x) Disclosure.
Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms
that neither it nor any other Person acting on its behalf has provided the Purchaser or its agents or counsel with any information that
it believes constitutes or might constitute material, non-public information. The Company understands and confirms that the Purchaser
will rely on the foregoing representation in effecting transactions in securities of the Company. All of the disclosure furnished by
or on behalf of the Company to the Purchaser regarding the Company and its Subsidiaries, their respective businesses and the transactions
contemplated hereby, including the Disclosure Schedules to this Agreement, is true and correct and does not contain any untrue statement
of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances
under which they were made, not misleading. The Company acknowledges and agrees that the Purchaser does not make nor has the Purchaser
made any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in
Section 3.2 hereof.

 

    	 

     

    

 

(y) No
Integrated Offering. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 3.2, 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 of any security or solicited any offers to buy any security, under circumstances that would cause this offering of the Securities
to be integrated with prior offerings by the Company for purposes of the Securities Act which would require the registration of any such
securities under the Securities Act.

 

(z) Tax
Status. Except for matters that would not, individually or in the aggregate, have or reasonably be expected to result in a Material
Adverse Effect, the Company and its Subsidiaries each (i) has made or filed all United States federal, state and local income and all
foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which it is subject, (ii) has paid
all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns,
reports and declarations and (iii) has set aside on its books provision reasonably adequate for the payment of all material taxes for
periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount
claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company or of any Subsidiary know of no basis
for any such claim.

 

(aa) No
General Solicitation. Neither the Company nor any Person acting on behalf of the Company has offered or sold any of the
Securities by any form of general solicitation or general advertising.

 

(bb) Foreign
Corrupt Practices. Neither the Company nor any Subsidiary, nor to the Knowledge of the Company or any Subsidiary, any agent or
other person acting on behalf of the Company or any Subsidiary, has (i) directly or indirectly, used any funds for unlawful
contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any
unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or
campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made by
any person acting on its behalf of which the Company is aware) which is in violation of law, or (iv) violated in any material
respect any provision of FCPA.

 

    	 

     

    

 

(cc) No
Disagreements with Accountants and Lawyers. There are no material disagreements of any kind presently existing, or reasonably
anticipated by the Company to arise, between the Company and the accountants and lawyers formerly or presently employed by the
Company which could affect the Company’s ability to perform any of its obligations under any of the Transaction
Documents.

 

(dd) Acknowledgment
Regarding Purchaser’s Purchase of Securities. The Company acknowledges and agrees that the Purchaser is acting solely in
the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby.
The Company further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Company (or in any
similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by the
Purchaser or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated
thereby is merely incidental to the Purchaser’s purchase of the Securities. The Company further represents to the Purchaser
that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the
independent evaluation of the transactions contemplated hereby by the Company and its representatives.

 

(ee) Regulation
M Compliance. The Company has not, and to its Knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any
action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate
the sale or resale of any of the Securities, (ii) sold, bid for, purchased, or, paid any compensation for soliciting purchases of,
any of the Securities, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase any other
securities of the Company, other than, in the case of clauses (ii) and (iii), compensation paid to the Company’s placement
agent in connection with the placement of the Securities.

 

(ff) Office
of Foreign Assets Control. Neither the Company nor any Subsidiary nor, to the Company’s Knowledge, any director, officer,
agent, employee or affiliate of the Company or any Subsidiary is currently subject to any U.S. sanctions administered by the Office
of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).

 

(gg) Stock
Option Plans. Each stock option granted by the Company under the Company’s stock option plan was granted in accordance
with the terms of the Company’s stock option plan. No stock option granted under the Company’s stock option plan has
been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly
grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public
announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

 

(hh) Real
Property Holding Corporation. None of the Company nor any of its Subsidiaries is a U.S. real property holding corporation within
the meaning of Section 897 of the Internal Revenue Code of 1986, as amended.

 

(ii) Bank
Holding Company Act. Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of
1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal
Reserve”). Neither the Company nor any of its Subsidiaries or Affiliates owns or controls, directly or indirectly, five percent
(5%) or more of the outstanding shares of any class of voting securities or twenty-five percent or more of the total equity of a bank
or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the Company nor any of its Subsidiaries or
Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and
to regulation by the Federal Reserve.

 

    	 

     

    

 

(jj) Money
Laundering. The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with
applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as
amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money
Laundering Laws”), and no Action or Proceeding by or before any court or governmental agency, authority or body or any
arbitrator involving the Company or any Subsidiary with respect to the Money Laundering Laws is pending or, to the Knowledge of the
Company or any Subsidiary, threatened.

 

(kk) No
Disqualification Events. With respect to the Securities to be offered and sold hereunder in reliance on Rule 506 under the
Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer
of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding
voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the
Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer Covered Person”
and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications
described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for a
Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any
Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its
disclosure obligations under Rule 506(e), and has furnished to the Purchaser a copy of any disclosures provided
thereunder.

 

(ll) Other
Covered Persons. The Company is not aware of any person (other than any Issuer Covered Person) that has been or will be paid
(directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Regulation D
Securities.

 

(mm) Notice
of Disqualification Events. The Company will notify the Purchaser in writing, prior to the Closing Date of (i) any
Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, become a
Disqualification Event relating to any Issuer Covered Person.

 

    	 

     

    

 

3.2 Representations
and Warranties of the Purchaser. The Purchaser hereby makes the following representations and warranties to the Company as of the
date hereof:

 

(a) Organization;
Authority. The Purchaser is an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction
of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to
enter into and to consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder
and thereunder. The execution and delivery of the Transaction Documents and performance by the Purchaser of the transactions contemplated
by the Transaction Documents have been duly authorized by all necessary corporate, partnership, limited liability company or similar
action, as applicable, on the part of the Purchaser. Each Transaction Document to which it is a party has been duly executed by the Purchaser,
and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of
the Purchaser, enforceable against it in accordance with its terms, except: (i) as limited by general equitable principles and applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights
generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies
and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

(b) Understandings
or Arrangements. The Purchaser is acquiring the Securities as principal for its own account and has no direct or indirect arrangement
or understandings with any other persons to distribute or regarding the distribution of such Securities (this representation and warranty
not limiting the Purchaser’s right to sell the Securities in compliance with applicable federal and state securities laws). The
Purchaser is acquiring the Securities hereunder in the ordinary course of its business. In connection with its decision to purchase the
Securities, the Purchaser received and is relying only upon the Transaction Documents and the documents incorporated by reference therein
and has not relied on any other information provided by the Company or any individual or entity acting on behalf of the Company.

 

(c) Purchaser
Status. At the time the Purchaser was offered the Securities, it was, and as of the date hereof it is an “accredited investor”
as defined in Rule 501(a) under the Securities Act.

 

(d) Experience
of Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience
in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities,
and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the
Securities and is able to afford a complete loss of such investment.

 

(e) General
Solicitation. The Purchaser is not purchasing the Securities pursuant to any advertisement, article, notice or other communication
regarding the Securities published in any newspaper, magazine or similar media or broadcast over television or radio or presented at
any seminar or any other general solicitation or general advertisement.

 

(f) No
Company Advice. The Purchaser understands that nothing in this Agreement or any other materials presented to the Purchaser in connection
with the purchase and sale of the Securities constitutes legal, tax or investment advice by the Company or any individual or entity acting
on behalf of the Company. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed
necessary or appropriate in connection with its purchase of the Securities.

 

(g) Forward-Looking
Information. The Purchaser understands that the Company may provide the Purchaser with certain projections and other forward-looking
information regarding the Company and the Securities. Projections and forward-looking information are inherently uncertain and should
not be, and the Purchaser acknowledges that they are not being, relied upon by the Purchaser in making the decision to purchase the Securities.
Actual results may vary significantly from such projections or forward-looking information.

 

    	 

     

    

 

(h) Accredited
Investor Questionnaire. At the Closing, the Purchaser has delivered to the Company an executed Accredited Investor Questionnaire
in the form provided by the Company to the Purchaser. Purchaser represents that the information provided by the Purchaser in such questionnaire
is true, complete and accurate in all respects.

 

(i) Residence.
For purposes of complying with state securities laws, the Purchaser is a resident of Mississippi.

 

(j) Brokers’
Fees. No Person will have, as a result of the transactions contemplated by the Transaction Documents, any valid right, interest or
claim against the Company or upon the Purchaser for any commission, fee or other compensation pursuant to any agreement, arrangement
or understanding entered into by or on behalf of the Purchaser. The Purchaser shall pay, and hold the Company and the Subsidiaries harmless
against, any liability, loss or expense (including, without limitation, reasonable attorney’s fees and out-of-pocket expenses)
arising in connection with any such claim for fees pursuant to any such agreement, arrangement or understanding entered into by or on
behalf of the Purchaser.

 

(k) Restricted
Securities. The Purchaser understands that the Securities are “restricted securities” and have not been registered under
the Securities Act and may not be offered, resold, pledged or otherwise transferred except (i) pursuant to an exemption from registration
under the Securities Act or pursuant to an effective registration statement in compliance with Section 5 under the Securities Act and
(ii) in accordance with all applicable securities laws of the states of the United States and other jurisdictions.

 

The
Company acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect the Purchaser’s
right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties
contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement
or the consummation of the transactions contemplated hereby.

 

ARTICLE
IV.

OTHER
AGREEMENTS OF THE PARTIES

 

4.1 Transfer
Restrictions. The Securities may only be disposed of in compliance with state and federal securities laws. In connection with any
transfer of Securities other than pursuant to an effective Registration Statement or Rule 144, the Company may require the transferor
thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form
and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration
of such transferred Securities under the Securities Act. As a condition of transfer, any such transferee shall agree in writing to be
bound by the terms of this Agreement and shall have the rights and obligations of the Purchaser under this Agreement. The Purchaser agrees
to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Securities in substantially the following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE 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 AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS. THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER
LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR
OTHER LOAN SECURED BY SUCH SECURITIES.

 

    	 

     

    

 

The
Company acknowledges and agrees that the Purchaser may from time to time pledge pursuant to a bona fide margin agreement with a registered
broker-dealer or grant a security interest in some or all of the Shares to a financial institution that is an “accredited investor”
as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions of this Agreement and, if required under
the terms of such arrangement, the Purchaser may transfer pledged or secured Shares to the pledgees or secured parties. Such a pledge
or transfer would not be subject to approval of the Company and no legal opinion of legal counsel of the pledgee, secured party or pledgor
shall be required in connection therewith. Further, no notice shall be required of such pledge. At the Purchaser’s expense, the
Company will execute and deliver such reasonable documentation as a pledgee or secured party of Shares may reasonably request in connection
with a pledge or transfer of the Shares.

 

Certificates
evidencing the Shares, if issued, shall not contain any legend (including the legend set forth in this Section 4.1), (i) while a Registration
Statement covering the resale of such security is effective under the Securities Act, (ii) following any sale of such Shares pursuant
to Rule 144 (assuming the transferor is not an Affiliate of the Company), (iii) if such Shares are eligible for sale under Rule 144 (provided
that Purchaser provides the Company with reasonable assurances that such Securities are eligible for sale, assignment or transfer under
Rule 144 which shall include an opinion of Purchaser’s counsel), (iv) in connection with a sale, assignment or other transfer (other
than under Rule 144), provided that Purchaser provides the Company with an opinion of counsel to Purchaser, in a generally acceptable
form, to the effect that such sale, assignment or transfer of the Securities may be made without registration under the applicable requirements
of the 1933 Act; or (v) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations
and pronouncements issued by the staff of the Commission) .

 

The
Purchaser agrees with the Company that the Purchaser will sell any Securities pursuant to either the registration requirements of the
Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if Securities are sold
pursuant to a Registration Statement, they will be sold in compliance with the plan of distribution set forth therein, and acknowledges
that the removal of the restrictive legend from certificates representing Securities as set forth in this Section 4.1 is predicated upon
the Company’s reliance upon this understanding.

 

    	 

     

    

 

4.2 Warrant
Shares. If all or any portion of the Warrant is exercised at a time when there is an effective Registration Statement to cover the
issuance or resale of the Warrant Shares, then the Warrant Shares issued pursuant to any such exercise shall be issued free of all legends.

 

4.3 Integration.
The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in
Section 2 of the Securities Act) that would be integrated with the offer or sale of the Securities in a manner that would require the
registration under the Securities Act of the sale of the Securities or that would be integrated with the offer or sale of the Securities
for purposes of the rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing
of such other transaction unless shareholder approval is obtained before the closing of such subsequent transaction.

 

4.4 Shareholder
Rights Plan. No claim will be made or enforced by the Company or, with the consent of the Company, any other Person, that the Purchaser
is an “Acquiring Person” under any control share acquisition, business combination, poison pill (including any distribution
under a rights agreement) or similar anti-takeover plan or arrangement in effect or hereafter adopted by the Company, or that the Purchaser
could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents
or under any other agreement between the Company and the Purchaser.

 

4.5 Non-Public
Information. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents,
the Company covenants and agrees that neither it, nor any other Person acting on its behalf, will provide the Purchaser or its agents
or counsel with any information that the Company believes constitutes material non-public information, unless prior thereto the Purchaser
shall have entered into a written agreement with the Company regarding the confidentiality and use of such information. The Company understands
and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company.

 

    	 

     

    

 

4.6 Indemnification
of Purchaser. Subject to the provisions of this Section 4.6, the Company will indemnify and hold the Purchaser and its directors,
officers, shareholders, members, partners, employees and agents (and any other Persons with a functionally equivalent role of a Person
holding such titles notwithstanding a lack of such title or any other title), each Person who controls the Purchaser (within the meaning
of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, shareholders, agents, members,
partners or employees (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack
of such title or any other title) of such controlling persons (each, a “Purchaser Party”) harmless from any and all
losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements,
court costs and reasonable attorneys’ fees and costs of investigation that any such Purchaser Party may suffer or incur as a result
of or relating to (a) any breach of any of the representations, warranties, covenants or agreements made by the Company in this Agreement
or in the other Transaction Document or (b) any action instituted against any Purchaser Party in any capacity, or any of them or their
respective Affiliates, by any stockholder of the Company who is not an Affiliate of such Purchaser Party, with respect to any of the
transactions contemplated by the Transaction Documents (unless such action is based upon a breach of such Purchaser Party’s representations,
warranties or covenants under the Transaction Documents or any agreements or understandings such Purchaser Party may have with any such
stockholder or any violations by such Purchaser Party of state or federal securities laws or any conduct by such Purchaser Party which
constitutes fraud, gross negligence, willful misconduct or malfeasance). If any action shall be brought against any Purchaser Party in
respect of which indemnity may be sought pursuant to this Agreement, such Purchaser Party shall promptly notify the Company in writing,
and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable to the Purchaser
Party. Any Purchaser Party shall have the right to employ separate counsel in any such action and participate in the defense thereof,
but the fees and expenses of such counsel shall be at the expense of such Purchaser Party except to the extent that (i) the employment
thereof has been specifically authorized by the Company in writing, (ii) the Company has failed after a reasonable period of time to
assume such defense and to employ counsel or (iii) in such action there is, in the reasonable opinion of counsel, a material conflict
on any material issue between the position of the Company and the position of such Purchaser Party, in which case the Company shall be
responsible for the reasonable fees and expenses of no more than one such separate counsel. The Company will not be liable to any Purchaser
Party under this Agreement (y) for any settlement by a Purchaser Party effected without the Company’s prior written consent, which
shall not be unreasonably withheld or delayed; or (z) to the extent, but only to the extent that a loss, claim, damage or liability is
attributable to any Purchaser Party’s breach of any of the representations, warranties, covenants or agreements made by such Purchaser
Party in this Agreement or in the other Transaction Documents. The indemnification required by this Section 4.6 shall be made by periodic
payments of the amount thereof during the course of the investigation or defense, as and when bills are received or are incurred, subject
to recoupment if the Purchaser Party is found to not be entitled to indemnification for such amount(s). The indemnity agreements contained
herein shall be in addition to any cause of action or similar right of any Purchaser Party against the Company or others and any liabilities
the Company may be subject to pursuant to law.

 

4.7 Reservation
of Common Stock. As of the date hereof, the Company has reserved and thereafter, the Company shall continue to reserve and keep available
at all times, free of preemptive rights, a sufficient number of shares of Common Stock for the purpose of enabling the Company to issue
Shares pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.

 

4.8 Listing
of Common Stock. The Company hereby agrees to use best efforts to maintain the listing or quotation of the Common Stock on the Trading
Market on which it is currently listed. The Company further agrees, if the Company applies to have the Common Stock traded on any other
Trading Market other than its current Trading Market, it will then include in such application all of the Shares and Warrant Shares,
and will take such other action as is necessary to cause all of the Shares and Warrant Shares to be listed or quoted on such other Trading
Market as promptly as possible. For so long as the Common Stock trades or is listed for quotation on a Trading Market, the Company agrees
to maintain the eligibility of the Common Stock for electronic transfer through the Depository Trust Company or another established clearing
corporation, including, without limitation, by timely payment of fees to the Depository Trust Company or such other established clearing
corporation in connection with such electronic transfer.

 

    	 

     

    

 

4.9 Blue
Sky Filings. The Company shall take such action as the Company shall reasonably determine is necessary in order to obtain an exemption
for, or to qualify the Securities for, sale to the Purchaser at the Closing under applicable securities or “Blue Sky” laws
of the states of the United States, and shall provide evidence of such actions promptly upon request of the Purchaser.

 

4.10 Certain
Transactions and Confidentiality. The Purchaser covenants that neither it nor any Affiliate acting on its behalf or pursuant to any
understanding with it will execute any purchases or sales, including Short Sales of any of the Company’s securities during the
period commencing with the execution of this Agreement and ending at such time that the transactions contemplated by this Agreement are
first publicly announced. The Purchaser covenants that until such time as the transactions contemplated by this Agreement are publicly
disclosed by the Company, the Purchaser will maintain the confidentiality of the existence and terms of this transaction and the information
included in the Transaction Documents and the Disclosure Schedules. Notwithstanding the foregoing, and notwithstanding anything contained
in this Agreement to the contrary, the Company expressly acknowledges and agrees that (i) the Purchaser makes no representation, warranty
or covenant hereby that it will not engage in effecting transactions in any securities of the Company after the time that the transactions
contemplated by this Agreement are first publicly announced, (ii) the Purchaser shall not be restricted or prohibited from effecting
any transactions in any securities of the Company in accordance with applicable securities laws from and after the time that the transactions
contemplated by this Agreement are first publicly announced and (iii) the Purchaser shall not have any duty of confidentiality to the
Company or its Subsidiaries after the issuance of the initial disclosure of the transaction.

 

4.11 Form
D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Shares as required under Regulation D and to
provide a copy thereof, promptly upon request of the Purchaser. The Company shall take such action as the Company shall reasonably determine
is necessary in order to obtain an exemption for, or to qualify the Shares for, sale to the Purchaser at the Closing under applicable
securities or “Blue Sky” laws of the states of the United States, and shall provide evidence of such actions promptly upon
request of the Purchaser.

 

4.12 Securities
Laws Disclosure; Publicity. The Company shall, by 9:00 a.m. (New York City time) on the Trading Day immediately following the date
hereof, file a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby, including the Transaction
Documents as exhibits thereto. The Company and the Purchaser shall consult with each other in issuing any other disclosures with respect
to the transactions contemplated hereby, and neither the Company nor the Purchaser 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 Purchaser, or without the
prior consent of the Purchaser, with respect to any press release of the Company, which consent shall not unreasonably be withheld or
delayed, 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.

 

    	 

     

    

 

ARTICLE
V.

MISCELLANEOUS

 

5.1 Termination.
This Agreement may be terminated by written mutual agreement between the Company and the Purchaser.

 

5.2 Fees
and Expenses. Except as expressly set forth in the Transaction Documents to the contrary, each party shall pay the fees and expenses
of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation,
preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees (including, without
limitation, any fees required for same-day processing of any instruction letter delivered by the Company and any exercise notice delivered
by the Purchaser), stamp taxes and other taxes and duties levied in connection with the delivery of any Securities to the Purchaser.

 

5.3 Entire
Agreement. The Transaction Documents contain the entire understanding of the parties with respect to the subject matter hereof and
thereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge
have been merged into such documents, exhibits and schedules.

 

5.4 Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall
be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via email
attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New York City time) on
a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication is delivered via email attachment
at the email address as set forth on the signature pages attached hereto on a day that is not a Trading Day or later than 5:30 p.m. (New
York City time) on any Trading Day, (c) the second (2nd) Trading Day following the date of mailing, if sent by U.S. nationally recognized
overnight courier service or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices
and communications shall be as set forth on the signature pages attached hereto.

 

5.5 Amendments;
Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in
the case of an amendment, by the Company and the Purchaser. No waiver of any default with respect to any provision, condition or requirement
of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other
provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner
impair the exercise of any such right.

 

5.6 Headings.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any
of the provisions hereof.

 

5.7 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.
The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchaser (other
than by merger). The Purchaser may assign any or all of its rights under this Agreement to any Person to whom the Purchaser assigns or
transfers any Securities, provided that such transferee agrees in writing to be bound, with respect to the transferred Securities, by
the provisions of the Transaction Documents that apply to the “Purchaser.”

 

    	 

     

    

 

5.8 No
Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted
assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

5.9 Governing
Law; Venue. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall
be governed by and construed and enforced in accordance with the internal laws of the State of Ohio, without regard to the principles
of conflicts of law thereof. Each party agrees that all legal Proceedings concerning the interpretations, enforcement and defense of
the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and
federal courts sitting in the State of Ohio. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the State of Ohio for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives,
and agrees not to assert in any Action or Proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such Action or Proceeding is improper or is an inconvenient venue for such Proceeding. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such Action or Proceeding 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. If any party shall commence
an Action or Proceeding to enforce any provisions of the Transaction Documents, then, in addition to the obligations of the Company under
Section 4.7, the prevailing party in such Action or Proceeding shall be reimbursed by the non-prevailing party for its reasonable attorneys’
fees and other costs and expenses incurred with the investigation, preparation and prosecution of such Action or Proceeding.

 

5.10 WAIVER
OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH
KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND
EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

 

5.11 Survival.
Unless otherwise set forth in this Agreement, the representations and warranties of the Company and the Purchaser shall survive the execution
and delivery of this Agreement and the Closing for a period of eighteen (18) months after the Closing, provided that any claim made by
the Company or the Purchaser with regard to such representations or warranties shall survive until resolved, and shall in no way be affected
by any investigation or knowledge of the subject matter thereof made by or on behalf of the Purchaser or the Company. Notwithstanding
the foregoing, the representations and warranties made in Sections 3.1(a), 3.1(b), 3.1(c), 3.1(f), and 3.2(a)
shall survive indefinitely.

 

    	 

     

    

 

5.12 Execution.
This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that
the parties need not sign the same counterpart. In the event that any signature is delivered 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 “.pdf” signature page were an original thereof.

 

5.13 Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts
to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

 

5.14 Replacement
of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall
issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of
and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company
of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable
third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.

 

5.15 Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser
and the Company will be entitled to specific performance under the Transaction Documents. The parties agree that monetary damages may
not be adequate compensation for any loss incurred by reason of breach of obligations contained in the Transaction Documents and hereby
agree to waive and not to assert in any Action for specific performance of any such obligation the defense that a remedy at law would
be adequate.

 

5.16 Payment
Set Aside. To the extent that the Company makes a payment or payments to the Purchaser pursuant to any Transaction Document or the
Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or
any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or
are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including,
without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such
restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect
as if such payment had not been made or such enforcement or setoff had not occurred.

 

5.17 Business
Day. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not
be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.

 

5.18 Construction.
The parties agree that each of them and their respective counsel have reviewed and had an opportunity to revise the Transaction Documents
and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference to
share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for reverse and forward stock splits,
stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

 

[Signature
Pages Follow]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

	MALACHITE
    INNOVATIONS, INC.  	 
	 	 
	By:

    
	/s/
                                            Michael Cavanaugh
	 
	Name:	Michael
                                            Cavanaugh

    
	 
	Title:	Chief
    Executive Officer	 

 

Address
for Notice:

 

Malachite
Innovations, Inc.

200
Park Avenue, Suite 400

Orange
Village, Ohio 44122

Attn:
Michael Cavanaugh, CEO

Email:
mrc@malachiteinnovations.com

 

	TOWER
    IV LLC	 
	 	 
	By:

    
	/s/
                                            Joseph E. LoConti
	 
	Name:	Joseph
                                            E. LoConti

    
	 
	Title:	Manager	 

 

Address
for Notice:

 

Tower
IV, LLC

200
Park Avenue, Suite 400

Orange
Village, Ohio 44122

Attn:
Joseph E. LoConti

Email:
joeloconti@yahoo.com

 

    	 

     

    

 

EXHIBIT
A

FORM
OF WARRANT

 

[attached
hereto]

 

    	 

     

    

 

SECURITIES
PURCHASE AGREEMENT

 

DISCLOSURE
SCHEDULES

 

[attached
hereto]

 

    	 

     

    

 

Schedule
3.1(a)

 

Subsidiaries

 

Daedalus
Ecosciences, Inc.

Graphium
Biosciences, Inc.Exhibit 10.3

 

SHARE PURCHASE AGREEMENT

 

This Share Purchase Agreement
(this “Agreement”) is made as of this 11th day of May, 2022 (the “Effective Date”),
by and among Daedalus Ecosciences, Inc., a Nevada corporation (“Buyer”), Malachite Innovations, Inc., a Nevada
corporation (“Malachite”, and together with Buyer, the “Buyer Entities”), Jeremy Starks
and Joshua Justice (each individually, a “Shareholder” and collectively, “Shareholders”),
Range Environmental Resources, Inc., a West Virginia corporation (“Range Environmental Resources”), and Range
Natural Resources, Inc., a West Virginia corporation (“Range Natural Resources”, and together with Range Environmental
Resources, the “Companies” and sometimes referred to individually as a “Company”).
Shareholders and the Companies are sometimes collectively referred to herein as “Seller Entities”. Each of Buyer,
Malachite, Shareholders, Range Environmental Resources and Range Natural Resources are sometimes referred to herein as a “Party”
or collectively as the “Parties”.

 

RECITALS

 

WHEREAS, Shareholders own all
of the issued and outstanding shares of capital stock of Range Environmental Resources and Range Natural Resources (collectively, the
“Shares”); and

 

WHEREAS, Shareholders desire to
sell Eighty Percent (80%) of the Shares in each of the Companies (the “Purchased Shares”) to Buyer, and Buyer
desires to purchase from Shareholders the Purchased Shares on the terms and subject to the conditions set forth below.

 

NOW THEREFORE, in consideration
of the agreements and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which
the Parties acknowledge, the Parties, intending to be legally bound, agree as follows:

 

SECTION 1.

DEFINITIONS

 

The following terms as used in this Agreement shall
have the meanings set forth in this Section 1:

 

“Action”
means any claim, action, cause of action, demand, lawsuit, arbitration, audit, notice of violation, proceeding, litigation, citation,
summons, subpoena, or formal investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or
in equity.

 

“Business”
means the environmental remediation and related services and operations provided by the Companies.

 

“Cause”
means a Shareholder’s (a) willful failure to perform his or her duties (other than any such failure resulting from incapacity due
to physical or mental illness); willful failure to comply with any valid and legal directive of the Companies; or engagement in dishonesty,
illegal conduct or misconduct, which is, in each case, injurious to the Companies; (b) embezzlement, misappropriation or fraud, in each
case related to his or her employment with the Companies; (c) conviction of or plea of guilty or nolo contendere to a crime that constitutes
a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude, if such felony or other crime
is work-related, materially impairs his or her ability to perform services for the Companies or results in material harm to the Companies;
(d) violation of a material policy of the Companies or (e) material breach of any material obligation under any written agreement between
the Shareholder and the Companies or Buyer Entities.

 

    	 

     

    

 

“CERCLA”
means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization
Act of 1986, 42 U.S.C. §§ 9601 et seq.

 

“Disability”
means the disability of a Shareholder caused by any physical or mental injury, illness or incapacity as a result of which such Shareholder
is unable to effectively perform the essential functions of his or her duties for a period of 60 consecutive days or a period of 90 days
during any 180-day period. The determination of Disability shall be made by an independent physician selected by the Buyer’s Board
of Directors.

 

“Environmental Claim”
means any Action, Governmental Order, lien, fine, penalty, or, as to each, any settlement or judgment arising therefrom, by or from any
Person alleging liability of whatever kind or nature (including liability or responsibility for the costs of enforcement proceedings,
investigations, cleanup, governmental response, removal or remediation, natural resources damages, property damages, personal injuries,
medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or resulting from: (a) the
presence, Release of, or exposure to, any Hazardous Materials; or (b) any actual or alleged non-compliance with any Environmental Law
or term or condition of any Environmental Permit.

 

“Environmental Law”
means any applicable Law, and any Governmental Order or binding agreement with any Governmental Authority: (a) relating to pollution (or
the cleanup thereof) or the protection of natural resources, endangered or threatened species, human health, or the environment (including
ambient air, soil, surface water or groundwater, or subsurface strata); or (b) concerning the presence of, exposure to, or the management,
manufacture, use, containment, storage, recycling, reclamation, reuse, treatment, generation, discharge, transportation, processing, production,
disposal or remediation of any Hazardous Materials. The term “Environmental Law” includes, without limitation, the following
(including their implementing regulations and any state analogs): CERCLA, RCRA, the Federal Water Pollution Control Act of 1972, as amended
by the Clean Water Act of 1977, 33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act of 1976, as amended, 15 U.S.C. §§
2601 et seq.; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq.; the Clean Air Act
of 1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq.; and the Occupational Safety and Health
Act of 1970, as amended, 29 U.S.C. §§ 651 et seq. (“OSHA” to the extent OSHA relates to handling of or exposure
to Hazardous Materials).

 

“Environmental Notice”
means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim relating to actual or alleged
non-compliance with any Environmental Law or any term or condition of any Environmental Permit.

 

“Environmental Permit”
means any Permit, letter, clearance, consent, waiver, closure, exemption, decision or other action required under or issued, granted,
given, authorized by or made pursuant to Environmental Law.

 

    	 

     

    

 

“Governmental Authority”
means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality of such government
or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority
(to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court
or tribunal of competent jurisdiction.

 

“Governmental Order”
means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority.

 

“Hazardous Materials”
means: (a) any material, substance, chemical, waste, product, derivative, compound, mixture, solid, liquid, mineral or gas, in each case,
whether naturally occurring or manmade, that is hazardous, acutely hazardous, toxic, or words of similar import or regulatory effect under
Environmental Laws; and (b) any petroleum or petroleum-derived products, radon, radioactive materials or wastes, asbestos in any form,
lead or lead-containing materials, urea formaldehyde foam insulation, and polychlorinated biphenyls.

 

“Hazardous Waste”
has the meaning ascribed thereto in and for purposes of RCRA.

 

“Law”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

“Permits”
means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained,
or required to be obtained, from Governmental Authorities.

 

“RCRA”
means the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the Hazardous and
Solid Waste Amendments of 1984, 42 U.S.C. §§ 6901 et seq.

 

“Release”
means any actual or threatened release, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
dumping, abandonment, disposing or allowing to escape or migrate into or through the environment (including, without limitation, ambient
air (indoor or outdoor), surface water, groundwater, land surface or subsurface strata or within any building, structure, facility or
fixture).

 

“Sale Transaction”
means: (a) the sale of all or substantially all of the assets of the Companies to a third-party purchaser; (b) any transaction or series
of transactions resulting in no less than a majority of the issued and outstanding shares of the Companies being sold to a third party
in an arms-length transaction; or (c) a merger, consolidation, recapitalization or reorganization of the Companies.

 

    	 

     

    

 

SECTION 2.

PURCHASE AND SALE OF PURCHASED SHARES

 

2.1 Agreement to Purchase
and Sell. Subject to the terms and conditions set forth in this Agreement, at the Closing, Shareholders shall sell, convey, transfer,
and assign, upon the terms and conditions hereinafter set forth, to Buyer, free and clear of all liens, pledges, claims, and encumbrances
of every kind, nature and description, and Buyer shall purchase and accept from Shareholders, the Purchased Shares, which are comprised
of (i) Eighty Percent (80%) of the issued and outstanding capital stock of Range Environmental Resources and (ii) Eighty Percent (80%)
of the issued and outstanding capital stock of Range Natural Resources. Notwithstanding the foregoing or any other provision of this
Agreement, Shareholders shall retain and shall indemnify the Buyer Entities against any and all losses, claims, settlements, judgments
or other liabilities arising before the Closing related to the Purchased Shares.

 

2.2 Purchase
Price. The aggregate consideration for the Purchased Shares to be purchased by Buyer hereunder (the “Purchase Price”)
shall be delivered as follows: (a) at the Closing, Buyer shall pay the Shareholders the aggregate sum of One Million Dollars ($1,000,000)
(the “Cash Purchase Price”) payable to the Shareholders by wire transfer of immediately available funds to such
bank accounts of Shareholders as Shareholders shall designate in writing prior to the Closing; (b) at the Closing, Buyer shall issue to
Shareholders Ten Million (10,000,000) shares of Malachite’s Common Stock (“Malachite’s Common Stock”)
by Malachite delivering a letter of authorization to its transfer agent to deposit in book entry form, via ledger entry, Five Million
(5,000,000) shares of Malachite’s Common Stock for the benefit of each Shareholder. One Hundred Percent (100%) of the Purchase Price
shall be allocated for purchase of the Purchased Shares of Range Environmental Resources.

 

SECTION 3.

CLOSING AND CLOSING DELIVERIES

 

3.1 Closing.
The closing of the transactions contemplated hereby (the “Closing”) will take place remotely via the electronic
exchange of documents and signatures on the Effective Date. The date on which the Closing occurs is referred to herein as the “Closing
Date”.

 

3.2 Deliveries
by Seller Entities. At the Closing, Seller Entities shall deliver to Buyer Entities the following, in form and substance reasonably
satisfactory to Buyer Entities:

 

(a) Transaction
Documents. Duly executed counterparts to each Transaction Document to which any Seller Party is a Party;

 

(b) Resolutions.
Copies of resolutions adopted by the Board of Directors of Range Environmental Resources and Range Natural Resources authorizing and approving
the execution of this Agreement and the consummation of the transactions contemplated hereby; and

 

(c) Certificate
of Compliance. A certificate, dated as of the Closing Date, executed by the President of the Companies, certifying: (1) that Shareholders
and the Companies have obtained proper corporate authorization necessary to the consummation of this Agreement; (2) that the representations
and warranties of Shareholders and the Companies contained in this Agreement are true and complete in all material respects as of the
Closing Date; and (3) that Shareholders and the Companies have, in all material respects, performed and complied with all of its obligations,
covenants, and agreements set forth in this Agreement to be performed and complied with on the Closing Date.

 

    	 

     

    

 

3.3 Deliveries
by Buyer Entities. At the Closing, Buyer Entities shall deliver to Seller Entities the following, in form and substance reasonably
satisfactory to Seller Entities:

 

(a) Consideration.
The Purchase Price for the Purchased Shares as provided in Section 2.2;

 

(b) Transaction
Documents. Duly executed counterparts to each Transaction Document to which any Buyer Party is a Party;

 

(c) Resolutions.
Copies of resolutions adopted by the Board of Directors of Buyer and Malachite, authorizing and approving the execution of this Agreement
and the consummation of the transactions contemplated hereby; and

 

(d) Certificate
of Compliance. A certificate, dated as of the Closing Date, executed on behalf of Buyer and Malachite, by their respective CEOs, certifying
(1) that Buyer and Malachite have obtained proper corporate authorization necessary to the consummation of this Agreement; (2) that the
representations and warranties of such entity contained in this Agreement are true and complete in all material respects as of the Closing
Date; and (3) that Buyer and Malachite each has, in all material respects, performed and complied with all of its obligations, covenants,
and agreements set forth in this Agreement to be performed and complied with on the Closing Date.

 

SECTION 4.

REPRESENTATIONS AND WARRANTIES OF SELLER ENTITIES

 

The Seller Entities, jointly and
severally, represent and warrant to the Buyer Entities as of the date hereof (which representations and warranties shall survive the Closing
as provided in Section 7.1 of this Agreement) as follows:

 

4.1 Shareholders Authority; Enforceability; Title to Purchased Shares.

 

(a) Good
Title to Purchased Shares. Each Shareholder owns 50% of (i) the issued and outstanding shares of the capital stock of Range Environmental
Resources and (ii) the issued and outstanding shares of the capital stock of Range Natural Resources. The Purchased Shares are owned free
and clear of any lien, encumbrance, adverse claim, restriction on sale, transfer or voting (other than restrictions imposed by applicable
securities laws), preemptive right, option or other right to purchase, and upon the consummation of the sale of the Purchased Shares as
contemplated hereby, Buyer will have good title to such Purchased Shares, free and clear of any lien, encumbrance, adverse claim, restriction
on sale, transfer or voting (other than restrictions imposed by applicable securities laws), preemptive right, option or other right to
purchase.

 

(b) Authority.
Each Shareholder has all requisite power, right and authority to enter into this Agreement and the documents contemplated hereby (the
“Transaction Documents”) to which he is a party, to consummate the transactions contemplated hereby and thereby,
and to sell and transfer the Purchased Shares without the consent or approval of any other person, corporation, partnership, joint venture,
organization, other entity or governmental or regulatory authority (“Person”). Each Shareholder has taken, or
will take prior to the Closing, all actions necessary for the authorization, execution, delivery and performance of this Agreement and
the other Transaction Documents.

 

    	 

     

    

 

(c) Enforceability.
This Agreement has been, and the other Transaction Documents to which Shareholders are parties on the Closing Date will be, duly executed
and delivered by Shareholders, and this Agreement is, and each of the other Transaction Documents to which Shareholders are parties on
the Closing will be, the legal, valid and binding obligation of the Shareholders, enforceable against the Shareholders in accordance with
their terms.

 

(d) Securities
Law Representations and Warranties. Shareholders have been advised that the shares of Malachite’s Common Stock they are to receive
hereunder are not registered under the Securities Act of 1933, as amended (the “Act”), or applicable state securities
laws, and are being issued to Shareholders pursuant to exemptions from such laws, and that the Buyer Entities’ reliance upon such
exemptions is predicated in part on the Shareholders’ representations contained herein. Shareholders acknowledge that the Buyer
Entities are relying in part upon Shareholders’ representations and warranties contained herein for the purpose of qualifying the
issuance of Malachite’s Common Stock hereunder for applicable exemptions from registration or qualification pursuant to federal
or state securities laws, rules and regulations.

 

(e) Acquired
Entirely for Own Account. Malachite’s Common Stock will be issued for Shareholders’ own accounts, not as a nominee or
agent, and not with a view to distributing all or any part thereof. Shareholders have no present intention of selling, granting any participation
in or otherwise distributing any of Malachite’s Common Stock in a manner contrary to the Act or any applicable state securities
law. Shareholders do not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation
to such person or to any third person with respect to any of Malachite’s Common Stock.

 

(f) Due
Diligence. Each Shareholder has been solely responsible for his own due diligence investigation of the Buyer Entities and their respective
businesses and his analysis of the merits and risks of the investment made pursuant to this Agreement, and is not relying on anyone else’s
analysis or investigation of the Buyer Entities, their businesses or the merits and risks of Malachite’s Common Stock other than
professional advisors employed specifically by such Shareholder to assist such Shareholder.

 

(g) Access to
Information. Each Shareholder believes he has been given access to full and complete information regarding Malachite, including,
in particular, the current financial condition of Malachite and the risks associated therewith as set forth in the public filings made
by Malachite with the Securities and Exchange Commission (“SEC”), and has utilized such access to his satisfaction
for the purpose of obtaining information about Malachite; particularly, each Shareholder has either attended or been given reasonable
opportunity to meet with the senior executives of Malachite, for the purpose of asking questions of, and receiving answers from, such
persons concerning the terms and conditions of the issuance of Malachite’s Common Stock and to obtain any additional information,
to the extent reasonably available and permitted to be shared, necessary to verify the accuracy of information provided to the Shareholder
about the Buyer Entities.

 

    	 

     

    

 

(h) Sophistication.
Each Shareholder, either alone or with the assistance of his professional advisor, is a sophisticated investor and has such knowledge
and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment in
Malachite’s Common Stock.

 

(i) Suitability.
The investment in Malachite’s Common Stock is suitable for each Shareholder based upon his investment objectives and financial needs,
and each Shareholder has adequate net worth and means for providing for his current financial needs and contingencies and has no need
for liquidity of investment with respect to Malachite’s Common Stock.

 

(j) Professional
Advice. Each Shareholder has obtained, to the extent he deems necessary, his own professional advice with respect to the risks inherent
in the investment in Malachite’s Common Stock, the condition of Malachite and the suitability of the investment in Malachite’s
Common Stock in light of such Shareholder’s financial condition and investment needs.

 

(k) Ability
to Bear Risk. Each Shareholder is in a financial position to purchase and hold Malachite’s Common Stock and is able to bear
the economic risk and withstand a complete loss of his investment in Malachite’s Common Stock.

 

(l) Restricted
Securities. Each Shareholder realizes that (a) Malachite’s Common Stock has not been registered under the Act, is characterized
under the Act as “restricted securities” and, therefore, cannot be sold or transferred unless subsequently registered under
the Act or an exemption from such registration is available. Each Shareholder’s financial condition is such that it is unlikely
that such Shareholder would need to dispose of any of Malachite’s Common Stock in the foreseeable future. In this connection, each
Shareholder represents that he is familiar with Rule 144 promulgated by the SEC, as presently in effect, and understands the resale limitations
imposed thereby and by the Act.

 

4.2 Companies’ Organization, Good Standing; Corporate Authority; Enforceability.

 

(a) Organization,
Good Standing. Range Environmental Resources is a corporation duly organized, validly existing and in good standing under the laws
of the State of West Virginia. The Articles of Incorporation, Bylaws, and Certificate of Good Standing of Range Environmental Resources,
if available, have been provided to the Buyer Entities. Range Natural Resources is a corporation duly organized, validly existing and
in good standing under the laws of the State of West Virginia. The Articles of Incorporation, Bylaws, and Certificate of Good Standing
of Range Environmental Resources, if available, have been provided to the Buyer Entities. The Companies are duly qualified to do business
and in good standing in the states where qualification is required due to (i) the Companies’ ownership or lease of real or personal
property for use in the operation of the Companies’ business or (ii) the nature of the business conducted by the Companies. The
Companies have all requisite power, right and authority to own, operate and lease its properties and assets, and to carry on its business
as now conducted.

 

    	 

     

    

 

(b) Corporate
Authority. The Companies have full corporate power and authority to execute and deliver this Agreement and the documents contemplated
hereby to which it is a party and to perform its obligations hereunder and thereunder. The execution and delivery by the Companies of
this Agreement and the Transaction Documents to which they are a party, the performance by the Companies of their obligations hereunder
and thereunder and the consummation by the Companies of the transactions contemplated hereby and thereby have been duly authorized by
all necessary corporate action. This Agreement constitutes a valid and binding obligation of the Companies, enforceable against the Companies
in accordance with its terms, and the Transaction Documents to which the Companies are a party, when executed and delivered by the Companies,
will constitute valid and binding obligations of the Companies, enforceable against the Companies in accordance with their respective
terms.

 

4.3 Capitalization.

 

(a) The
authorized capital stock of Range Environmental Resources consists of one hundred (100) shares of common stock, $25.00 par value, and
the authorized capital stock of Range Natural Resources consists of one hundred (100) shares of common stock, $0.01 par value.

 

(b) The
issued and outstanding capital stock of Range Environmental Resources and Range Natural Resources consists of the Shares, all of which
are held of record by the Shareholders. All Shares that are issued and outstanding are duly authorized, validly issued, fully paid and
nonassessable, and issued in compliance with all applicable federal, state and foreign securities laws. Except for the Shareholders, no
Person holds any interest in any Shares.

 

(c) The
Companies are not a party or subject to any agreement or understanding, and there is no agreement or understanding between any Persons,
that affects or relates to the voting or giving of written consents with respect to any of the Purchased Shares or the voting by any director,
manager or member of the Companies.

 

4.4 Subsidiaries
and Affiliates. The Companies do not have, and have never had, any subsidiaries. The Companies do not own, directly or indirectly,
any ownership, equity, profits or voting interest in, or otherwise control, any corporation, partnership, joint venture or other entity,
and has no agreement or commitment to purchase any such interest.

 

    	 

     

    

 

4.5 No
Conflict. The execution, delivery and performance of this Agreement and the Transaction Documents by the Companies and the consummation
of the transactions contemplated hereby and thereby will not: (a) violate, conflict with, or result in any breach of, or constitute a
default under, any provision of the Companies’ Articles of Incorporation or Bylaws (“Governing Documents”),
as applicable; (b) violate, conflict with, result in any breach of, or constitute a default (or an event that, with notice or lapse of
time or both, would constitute a default) under, any contract or judgment to which the Companies are a party or by which they are bound
or which relates to the Companies’ business or assets; (c) result in the creation of any encumbrance, security interest, mortgage,
lien, charge, option, license, adverse claim or restriction of any kind on any of the assets of the Companies or upon any Shares or other
ownership interests of the Companies; (d) violate any applicable law, statute, rule, ordinance or regulation of any Governmental Authority;
(e) give any party with rights under any contract, judgment or other restriction to which the Companies are a party or by which it is
bound, the right to terminate, modify or accelerate any rights, obligations or performance under such contract, judgment or restriction;
(f) result in the creation of any lien or encumbrance upon the assets of the Companies, or upon any Shares or other ownership interests
of the Companies; or (g) invalidate or adversely affect any permit, license, authorization or status used in the conduct of the business
of the Companies.

 

4.6 Consents
and Approvals.

 

(a) No
consent, approval or authorization of, or declaration, filing or registration with, any Governmental Authority is required for the execution,
delivery and performance by the Companies of this Agreement and the Transaction Documents to which it is a party or for the consummation
by the Seller Entities of the transactions contemplated hereby and thereby.

 

(b) No
consent, approval or authorization of any third party is required for the execution, delivery and performance by the Seller Entities of
this Agreement and the Transaction Documents to which it is a party and the consummation by the Companies of the transactions contemplated
hereby and thereby.

 

4.7 Financial
Statements. The Companies have provided to Buyer (a) unaudited balance sheets dated December 31, 2019, December 31, 2020, December
31, 2021 and March 31, 2022, (b) an unaudited income statement for the 12-month periods ended December 31, 2019, December 31, 2020, and
December 31, 2021, and the 3-month period ended March 31, 2022 and (c) an unaudited statement of cash flows for the 12-month periods ended
December 31, 2019, December 31, 2020, and December 31, 2021, and the 3-month period ended March 31, 2022 (collectively, the “Financial
Statements”). The Financial Statements were prepared from the books and records kept by the Companies and fairly present
the financial position, results of operations and changes in financial position of the Companies, as of their respective dates and for
the periods indicated, in accordance with generally accepted accounting principles consistently applied. The Companies have no liabilities
or obligations of any nature (absolute, accrued, or contingent) that are not fully reflected or reserved against in the balance sheet
dated March 31, 2022 (the “Most Recent Balance Sheet”), as prescribed by generally accepted accounting principles,
except liabilities or obligations incurred since the date of the March 31, 2022 Balance Sheet in the ordinary course of business and consistent
with past practice. The Companies are not a guarantor, indemnitor, surety, or other obligor of any indebtedness of any other Person, except
as set forth on the Most Recent Balance Sheet.

 

    	 

     

    

 

4.8 Absence
of Undisclosed Liabilities. The Companies have no liabilities or obligations, secured or unsecured, whether accrued, absolute,
contingent, unasserted or otherwise, except for liabilities (a) reflected or reserved against in the Most Recent Balance Sheet or (b)
incurred in the ordinary course of business after the date of the Most Recent Balance Sheet and not material in amount, either individually
or in the aggregate. The Companies have not entered into or agreed to enter into any transaction, agreement or commitment, suffered the
occurrence of any event or events or experienced any change in financial condition, business, results of operations or otherwise that,
in the aggregate, has (i) interfered with the normal and usual operations of the business or business prospects of the Companies or (ii)
resulted, or could reasonably be expected to result, in a material adverse change in the business, assets, operations, prospects or condition
(financial or otherwise) of the Companies.

 

4.9 Taxes.
The Companies have timely filed all tax returns and reports (including information returns and reports) as required by law. These returns
and reports are correct and complete in all respects. The Companies have paid all taxes and other assessments due. The Companies have
never had any tax deficiency proposed or assessed against it and has not executed any waiver of any statute of limitations on the assessment
or collection of any tax or governmental charge. None of the Companies’ federal income tax returns and none of its state income
or franchise tax or sales or use tax returns has ever been audited by governmental authorities. Since the date of the Most Recent Balance
Sheet, the Companies have not incurred any taxes, assessments, or governmental charges other than in the ordinary course of business.
The Companies have established, in accordance with generally accepted accounting principles applied on a basis consistent with that of
preceding periods, and the Most Recent Balance Sheet reflects, adequate reserves for payment of all taxes, assessments and government
changes that have accrued and have not been paid and are incurred in or attributable to taxable periods (or portions thereof) ending on
or prior to the Closing Date. The Companies have timely made all deposits required by law to be made with respect to employees’
withholding and other employment taxes. For purposes of this Agreement, the term “taxes” means all taxes, duties, charges,
fees, levies, or other assessments imposed by any governmental body including income, gross receipts, value-added, excise, unemployment
compensation, withholding, social security, personal property, real estate, sale, use or ad valorem, license, lease, service, severance,
stamp, intangibles, transfer, payroll, employment, customs, duties, alternative, add-on minimum, estimated, and franchise taxes (including
any interest, penalties, or additions attributable to or imposed on or with respect to any such taxes, duties, charges, fees, levies or
other assessments). For purposes of this Agreement, the term “tax return” means any return, declaration, report, claim for
refund, or information return or statement relating to taxes, including any schedule or attachment thereto, and including any amendment
thereof.

 

4.10 Title
to Property; Leases; Encumbrances.

 

(a) The
Companies have good and marketable title to all of their properties and assets free and clear of any payment obligation to any third party
or any other lien or encumbrance, except for financed equipment.

 

(b) The
Companies do not own any real property.

 

(c) With
respect to properties and assets it leases, the Companies are in compliance with such leases and hold a valid leasehold interest free
of all liens, claims or encumbrances. The Companies are not in default under any lease nor do the Companies have knowledge of any event
which, after notice or the passage of time or both, will constitute a default under any lease.

 

    	 

     

    

 

4.11 Environmental
Matters.

 

(a) The
Companies are currently and have been for the past three (3) years in compliance in all material respects with all Environmental Laws
and have not received from any Person any: (i) Environmental Notice or Environmental Claim; or (ii) written request for information pursuant
to Environmental Law, which, in each case, either remains pending or unresolved, or is the source of ongoing obligations or requirements
as of the Closing Date.

 

(b) The
Companies (i) have obtained and are in material compliance with all Environmental Permits necessary for the ownership, lease, operation
or use of their business or assets and all such Environmental Permits are in full force and effect in accordance with Environmental Law
and (ii) are not aware of any condition, event or circumstance that might prevent or impede, after the Closing Date, the ownership, lease,
operation or use of the business or assets of the Companies as currently carried out.

 

(c) No
real property currently or formerly owned, operated or leased by the Companies is listed on the National Priorities List (or CERCLIS)
under CERCLA, or any similar state list.

 

(d) The
Companies have not caused any Release of Hazardous Materials in contravention of Environmental Law with respect to the Business or assets
of the Companies or any real property currently or during the period of ownership, operation or lease by the Companies, formerly owned,
operated or leased by the Companies, and the Companies have not received an Environmental Notice that any real property currently or formerly
owned, operated or leased in connection with the business of the Companies (including soils, groundwater, surface water, buildings and
other structure located on any such real property) has been contaminated with any Hazardous Material which would reasonably be expected
to result in an Environmental Claim against, or a violation of Environmental Law or term of any Environmental Permit by, the Companies.

 

(e) The
Companies have no active or abandoned aboveground or underground storage tanks owned or operated by the Companies and any predecessors.

 

(f) The
Companies have no off-site Hazardous Waste treatment, storage, or disposal facilities or locations used by the Companies and any predecessors
as to which the Companies may retain liability, and none of these facilities or locations has been placed or proposed for placement on
the National Priorities List (or CERCLIS) under CERCLA, or any similar state list, and the Companies have not received any Environmental
Notice regarding potential liabilities with respect to such off-site Hazardous Materials treatment, storage, or disposal facilities or
locations used by the Companies and any predecessors.

 

(g) The
Companies have not retained or assumed, by contract or operation of Law, any liabilities or obligations of third parties under Environmental
Law.

 

    	 

     

    

 

(h) The
Companies have provided to Buyer: (i) any and all environmental reports, studies, audits, records, sampling data, site assessments, risk
assessments, economic models and other similar documents with respect to the Business or assets of the Companies or any currently or formerly
owned, operated or leased real property which are in the possession or control of the Companies related to compliance with Environmental
Laws, Environmental Claims or an Environmental Notice or the Release of Hazardous Materials; and (ii) any and all material documents concerning
planned or anticipated capital expenditures required to reduce, offset, limit or otherwise control pollution and/or emissions, manage
waste or otherwise ensure compliance with current or future Environmental Laws (including, without limitation, costs of remediation, pollution
control equipment and operational changes).

 

(i) The
Companies are not aware of, or reasonably anticipate, any condition, event or circumstance concerning the Release or regulation of Hazardous
Materials that might, after the Closing Date, prevent, impede or materially increase the costs associated with the ownership, lease, operation,
performance or use of the Business or assets of the Companies or as currently carried out.

 

4.12 Safety
Matters. The Companies are not in violation of any applicable statute, law or regulation relating to occupational health and safety.

 

4.13 Contracts.
The Companies have provided Buyer with a complete and accurate list of all contracts, agreements, arrangements, and understandings oral
or written, to which the Companies is a party or by which the Companies is bound, including, without limitation, all security agreements,
intellectual property licenses and other license agreements, credit agreements, instruments relating to the borrowing of money, leases,
rental agreements, purchase orders, sales orders and sale and distribution agreements (“Contracts”). The Contracts
are valid, binding, and enforceable in accordance with their terms against each party thereto, are in full force and effect, and the Companies
have performed all obligations imposed on them thereunder. There are not, under any of the Contracts, any defaults, or events of default
on the part of the Companies or any other party thereto. True and complete copies of each Contract have been delivered to the Buyer Entities.
No consent is required from any Person under any of the Contracts in connection with the consummation of the transactions contemplated
by this Agreement, and the Companies have not received notice, nor is the Companies otherwise aware, that any party to any such contract
intends to cancel, terminate, or refuse to renew such contract or to exercise or decline to exercise any option or right thereunder.

 

4.14 Claims
and Legal Proceedings. There are no claims pending or threatened against the Companies before or by any Governmental Authority
or any other Person. There are no outstanding or unsatisfied judgments, orders, decrees, or stipulations to which the Companies are a
party.

 

4.15 Labor
Matters. There are no disputes, material employee grievances or material disciplinary actions pending or threatened between the
Companies and any employees of the Companies (collectively, the “Employees”). The Companies have complied in
all respects with all provisions of all laws relating to the employment of labor and have no liability for any arrears of wages or taxes
or penalties for failure to comply with any such laws. The Companies have no knowledge of any organizational efforts presently being made
or threatened by or on behalf of any labor union with respect to any Employees.

 

    	 

     

    

 

4.16 Patents,
Trademarks, and Intellectual Property.

 

(a) The
Companies have sufficient title and ownership of all patents, trade names, trademarks, service marks, copyrights, net names, trade secrets,
information, proprietary rights, and processes necessary for its business as now conducted and as presently proposed to be conducted without
any conflict with or infringement of the rights of others (the “Intellectual Property”). The Companies’
sole Intellectual Property is U.S. Provisional Application No. 62/095,481 entitled “Natural Effluent Remediation System (N.E.R.S.)”
filed on December 22, 2014.

 

(b) None
of the Intellectual Property or the Companies’ rights thereto are being infringed or otherwise violated by any Person.

 

(c) The
use of the Intellectual Property by the Companies in the operation of its business as now conducted or as proposed to be conducted does
not infringe or otherwise violate any rights of any Person, and there is no pending or threatened claim, demand, cause of action, suit
or proceeding, hearing or investigation (each a “Claim”) alleging any such infringement or violation. In addition,
there is no pending or threatened claim alleging any defect in or invalidity, misuse, or unenforceability of, or challenging the ownership
or use of or the Companies’ rights, with respect to any of the Intellectual Property and there is no basis for any such Claim. Furthermore,
there is no other Claim made by any Person pertaining to the Intellectual Property. None of the Intellectual Property is subject to any
judgement, order, award, writ, injunction or decree of any Governmental Authority.

 

4.17 Licenses,
Permits, Authorizations. The Companies and the Companies’ employees, agents, and representatives have received all Permits
related to the operation of the Companies’ business. The Companies are in compliance with the terms of all Permits, and all Permits
are valid and in full force and effect, and no proceeding is pending or threatened, the object of which is to revoke, limit or otherwise
affect any Permit. The Companies have not received any notifications of any asserted failure to obtain any Permit.

 

4.18 Related
Party Transactions. The Companies do not have any contracts or agreements, oral or written, between the Companies and the Companies’
directors, officers, shareholders, employees, agents, consultants, advisors, salespeople, sales representatives and distributors or dealers.
No employee, officer, director or shareholder of the Companies or member of his or her immediate family (together, “Related
Parties”) is indebted to the Companies, nor are the Companies indebted (or committed to make loans or extend or guarantee
credit) to the Related Parties in the aggregate in excess of $1,000. No employee, officer or director of the Companies has any direct
or indirect ownership interest in any firm or corporation with which the Companies are affiliated or with which the Companies have a business
relationship, or any firm or corporation that competes with the Companies.

 

    	 

     

    

 

4.19 Corporate
Books and Records. The Companies have furnished to Buyer true and complete copies of (a) their Governing Documents as currently
in effect, including all amendments thereto, (b) the minute books, if any, of the Companies, and (c) the stock transfer books of the Companies.
Such minutes reflect all meetings of the Companies’ shareholders, Board of Directors, and any committees thereof since the Companies’
inception, and such minutes accurately reflect the events of, and actions taken at such meetings. Such stock transfer books accurately
reflect all issuances and transfers of shares of the Shares of the Companies since their inception.

 

4.20 Compliance
With Laws. The Companies are and have been in compliance with all laws, statutes, rules, ordinances and regulations promulgated
by any Governmental Authority and all judgments applicable to the operation of its business, to its employees or to its property. The
Companies have not received notice of any alleged violation (whether past or present and whether remedied or not), nor are the Companies
aware of any basis for any claim of any such violation, of any such law, statute, rule, ordinance, regulation, or judgment.

 

4.21 Insurance.
The Companies have provided Buyer with a complete list of all insurance policies maintained by the Companies. The Companies have maintained
insurance protection in such coverage amounts and deductibles and against all liabilities, claims and risks against which it is customary
for entities engaged in the Companies’ industry or a similar business similarly situated to insure.

 

4.22 Employee
Plans.

 

(a) The
Companies have provided Buyer with a complete and accurate list of all employees, their positions, and rates of pay, and a list of all
benefit plans, funds, policies, programs, contracts, arrangements or practices of any kind (including any “employee benefit plan,”
as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) and
any employment, consulting or personal services contracts (i) sponsored, maintained or contributed to by the Companies or to which the
Companies are a party, (ii) covering or benefiting any current or former officer, employee, agent, director or independent contractor
of the Companies (or any dependent or beneficiary of any such individual), or (iii) with respect to which the Companies have (or could
have) any obligation or liability (each, an “Employee Benefit Plan”). There has been no amendment, interpretation
or other announcement (written or oral) by the Companies, any corporation, partnership, limited liability Companies, sole proprietorship,
trade, business or other entity or organization that, together with the Companies, is or was treated as a single employer under Section
414(b), (c), (m) or (o) of the Code (each, an “ERISA Affiliate”) or any other person relating to, or change
in participation or coverage under, any Employee Benefit Plan that, either alone or together with other such items or events, could materially
increase the expense of maintaining such Employee Benefit Plan (or the Employee Benefit Plans taken as a whole) above the level of expense
incurred with respect thereto for the most recent fiscal year included in the Financial Statements. Neither the Companies nor any ERISA
Affiliate has any agreement, arrangement, commitment, or obligation to create, enter into or contribute to any additional Employee Benefit
Plan, or to modify or amend any existing Employee Benefit Plan. The terms of each Employee Benefit Plan permit the Companies to amend
or terminate such Employee Benefit Plan at any time and for any reason without penalty and without material liability or expense. None
of the rights of the Companies under any Employee Benefit Plan will be impaired in any way by this Agreement or the consummation of the
transactions contemplated by this Agreement.

 

    	 

     

    

 

(b) Each
Employee Benefit Plan is, and at all times since inception has been, established, maintained, administered, operated and funded in all
respects in accordance with its terms and in compliance with all applicable laws, statutes, orders, rules and regulations, including,
without limitation, ERISA and the Code. The Companies, all ERISA Affiliates, and all other persons (including, without limitation, all
fiduciaries) have, at all times properly performed all of their duties and obligations (whether arising by operation of law or by contract)
under or with respect to such Employee Benefit Plan, including, without limitation, all reporting, disclosure and notification obligations.
Neither the Companies nor any ERISA Affiliate has incurred, and there exists no condition or set of circumstances in connection with which
the Companies, any ERISA Affiliate or the Buyer could incur, directly or indirectly, any material liability or expense (except for routine
contributions and benefit payments) under ERISA, the Code or any other applicable law, statute, order, rule or regulation, or pursuant
to any indemnification or similar agreement, with respect to any Employee Benefit Plan. Each Employee Benefit Plan that is intended to
be qualified under Section 401(a) of the Code is so qualified and its related trust is exempt from tax under Section 501(a) of the Code.
Nothing has occurred or is reasonably expected by the Companies or any ERISA Affiliate to occur that could adversely affect the qualified
status of such Employee Benefit Plan or the tax-exempt status of its related trust. All contributions, premiums and other payments due
or required to be paid to (or with respect to) each Employee Benefit Plan have been timely paid, or, if not yet due, have been accrued
as a liability on the Most Recent Balance Sheet.

 

(c) Neither
the Companies nor any ERISA Affiliate sponsors, maintains or contributes to, or has ever sponsored, maintained or contributed to (or been
obligated to sponsor, maintain or contribute to), (i) a multiemployer plan as defined in Section 3(37) or Section 4001(a)(3) of ERISA,
(ii) a multiple employer plan within the meaning of Section 4063 or 4064 of ERISA, or (iii) an “employee benefit plan,” as
defined in Section 3(3) of ERISA, that is subject to Section 412 of the Code, Section 302 of ERISA or Title IV of ERISA.

 

4.23 Customers
and Suppliers. There is no indication that any customer or supplier of the Companies intends to terminate or modify its relationship
with the Companies, or that the consummation of the transactions contemplated by this Agreement and the Transaction Documents will adversely
affect the post-Closing relationship of the Buyer with any of the Companies’ customers or suppliers.

 

4.24 Broker.
No broker, finder or other financial consultant has acted on behalf of the Companies or Shareholders in connection with this Agreement.

 

4.25 Conduct
of Business in Ordinary Course; Adverse Change.

 

Since March 31, 2022, the Companies
have conducted its business only in the ordinary course and have not:

 

(a) Adverse
Change. Suffered any material adverse change in the business, assets, properties, prospects, or condition (financial or otherwise)
of the Companies, or any damage, destruction, or loss affecting any of the assets used or useful in the conduct of its business;

 

    	 

     

    

 

(b) Liens.
Created, assumed, or suffered any mortgage, pledge, lien, or encumbrance on any of the assets;

 

(c) Employee
Compensation. Suffered any material increase in compensation payable or to become payable to any of the employees of the Companies,
or any bonus payment made or promised to any employee of the Companies, or any material change in personnel policies, insurance benefits,
or other compensation arrangements affecting the employees of the Companies;

 

(d) Dispositions.
Suffered any sale, assignment, lease, material depletion of inventory, or other transfer of any of the Companies’ properties without
suitable replacements being obtained therefore;

 

(e) Cancellation
of Debts. Cancelled any debts owed to or claims held by the Companies;

 

(f) Write-Down.
Suffered any significant write-down of the value of any assets or any significant write-off as uncollectible of any Accounts Receivable;
and

 

(g) Rights.
Transferred or granted any right under or entered into any settlement regarding the breach or infringement of, any license, patent, copyright,
trademark, trade name, grant of authority, or other intellectual property or proprietary right, or modified any existing right relating
to the Companies.

 

4.26 Information
Regarding the Business. All the account balances of customers to the Companies are actual and bona fide receivables representing
obligations for the total dollar amount thereof, as shown on the books of Companies, resulted from the regular course of the Companies’
business, and are fully collectible in accordance with their terms, subject to no offset or reduction whatsoever. The Companies have no
monetary obligations or liabilities to any of its customers except with respect to any deposits and prepayments set forth on the Most
Recent Balance Sheet.

 

4.27 Full
Disclosure. No representation or warranty made by Shareholders or the Companies in this Agreement or in any certificate, document,
or other instrument furnished or to be furnished by the Companies or Shareholders pursuant hereto contains or will contain any untrue
statement of a material fact or omits or will omit to state any material fact required to make any statement contained herein or therein
not misleading. Shareholders or the Companies are not aware of any impending or contemplated event or occurrence that would cause any
of the foregoing representations not to be true and complete on the date of such event or occurrence as if made on that date.

 

    	 

     

    

 

SECTION 5.

REPRESENTATIONS AND WARRANTIES OF BUYER ENTITIES

 

The Buyer Entities represent and
warrant to Shareholders as follows:

 

5.1 Organization,
Standing, and Authority. Each of the Buyer Entities is a corporation duly organized, validly existing and in good standing under
the Laws of the jurisdiction of its incorporation. Each of the Buyer Entities has full corporate power and authority to enter into and
perform its obligations under this Agreement and the other Transaction Documents to which it is a party and to consummate the transactions
contemplated hereby and thereby.

 

5.2 Authorization
and Binding Obligation. The execution, delivery and performance by each of the Buyer Entities of this Agreement and any other
Transaction Document to which they are a party and the consummation by the Buyer Entities of the transactions contemplated hereby and
thereby have been duly authorized by all requisite corporate action on the part of the Buyer Entities and no other corporate proceedings
on the part of the Buyer Entities are necessary to authorize the execution, delivery and performance of this Agreement or to consummate
the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by the Buyer Entities, and (assuming
due authorization, execution and delivery by each other party hereto) this Agreement constitutes a legal, valid and binding obligation
of the Buyer Entities enforceable against the Buyer Entities in accordance with its terms. When each other Transaction Document to which
the Buyer Entities is or will be a party has been duly executed and delivered by the Buyer Entities (assuming due authorization, execution
and delivery by each other party thereto), such other Transaction Document will constitute a legal and binding obligation of the Buyer
Entities enforceable against it in accordance with its terms.

 

5.3 Absence
of Conflicting Agreements and Required Consents. The execution, delivery and performance by the Buyer Entities of this Agreement
and the other Transaction Documents to which they are a party, and the consummation of the transactions contemplated hereby and thereby,
do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the certificate of incorporation,
bylaws or other organizational documents of Malachite or Buyer; (b) conflict with or result in a violation or breach of any provision
of any Law or Governmental Order applicable to Malachite or Buyer; (c) conflict with, constitute grounds for termination of, result in
a breach of, constitute a default under, or accelerate or permit the acceleration of any performance required by the terms of any agreement,
instrument, license or permit to which Malachite or the Buyer is a party or by which Malachite or the Buyer may be bound, such that Buyer
could not acquire the Purchased Shares or operate the Business; or (d) require the consent, notice or other action by any Person under
any Contract to which Malachite or Buyer is a party or either of their assets or properties are bound. No consent, approval, Permit, Governmental
Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Malachite or Buyer in connection
with the execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation of the transactions
contemplated hereby and thereby.

 

5.4 Broker.
Neither Malachite or Buyer nor any person or entity acting on their behalf has agreed to pay a commission, finder’s fee, or similar
payment in connection with this Agreement or any matter related hereto to any person or entity, nor has it or any person or entity acting
on its behalf taken any action on which a claim for any such payment could be based.

 

5.5 Full
Disclosure. No representation or warranty made by either Malachite or Buyer in this Agreement or in any certificate, document,
or other instrument furnished or to be furnished by either Malachite or Buyer pursuant hereto contains or will contain any untrue statement
of a material fact or omits or will omit to state any material fact required to make any statement contained herein or therein not misleading.
Neither Malachite nor Buyer is aware of any impending or contemplated event or occurrence that would cause any of the foregoing representations
not to be true and complete on the date of such event or occurrence as if made on that date.

 

    	 

     

    

 

SECTION 6.

SPECIAL COVENANTS AND AGREEMENTS

 

6.1 Further
Action. Upon the terms and subject to the conditions hereof, each of the Companies and Shareholders shall (a) make promptly its
respective filings, and thereafter make any other required submissions, under applicable laws with respect to the transactions contemplated
hereby and shall cooperate with the Buyer with respect to such filings and submissions and (b) use its best efforts to take, or cause
to be taken, all appropriate action, and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and
regulations to consummate and make effective the transactions contemplated hereby, including, without limitation, using its best efforts
to obtain all waivers, licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and
parties to contracts as are necessary for the consummation of the transactions contemplated hereby and to fulfill the conditions to the
closing of the sale of the Purchased Shares to Buyer. In case at any time after the Closing Date any further action is necessary or desirable
to carry out the purposes of this Agreement, the Companies and Shareholders shall use their best efforts to take all such action. None
of the Buyer Entities, the Companies or the Shareholders will undertake any course of action inconsistent with this Agreement or that
would make any representations, warranties or agreements made by such party in this Agreement untrue or any conditions precedent to this
Agreement unable to be satisfied at or prior to the Closing.

 

6.2 Risk
of Loss. The risk of any loss, damage, impairment, confiscation, or condemnation of any of the Assets from any cause whatsoever
shall be borne by Shareholders at all times prior to the Closing.

 

6.3 Confidentiality.
Each party hereto will keep confidential any information obtained from the other party in connection with the transactions contemplated
by this Agreement, except as and to the extent required by applicable law and, in the case of Malachite, as disclosure may be reasonably
required in connection with financing of this transaction and with respect to required securities filings or notices.

 

6.4 Cooperation.
The Buyer Entities and Shareholders shall cooperate fully with each other and their respective counsel and accountants in connection with
any actions required to be taken as part of their obligations under this Agreement, and the Buyer Entities and the Seller Entities will
use their best efforts to consummate the transactions contemplated hereby and to fulfill their obligations hereunder.

 

    	 

     

    

 

6.5 Access.
To the extent possible, for a period of three years after the Closing Date, Buyer will provide Shareholders access to any books and records
relating to the Companies for tax purposes.

 

6.6 Covenant
Not to Compete. In consideration of the Purchase Price paid pursuant to the terms of this Agreement, and in order to protect the
Companies (and the value of the Purchased Shares), each Shareholder agrees that he shall not, either, directly or indirectly through other
persons or their respective affiliates, engage in, carry on, or be connected to any reclamation business throughout West Virginia for
a period of five (5) years from the Closing Date; provided, however, nothing herein shall prohibit such Shareholder from being a passive
owner of not more than two percent (2%) of the outstanding stock of any class of any corporation that engages in such business, so long
as (i) such Shareholder have no active participation in the business of such corporation, and (ii) such stock is traded on a nationally-recognized
stock market or on NASDAQ. It is the intent and understanding of each Party hereto that if, in any action before any court or agency legally
empowered to enforce this Section 6.6, any term, restriction, covenant or promise shall be deemed modified to the extent necessary to
make it enforceable to the greatest extent possible by such court or agency. For purposes of this Section 6.6, an affiliate means (a)
any partnership, corporation, or other entity directly or indirectly controlling, controlled by, or under common control with either of
the Shareholders signing below, or (b) any officer, director, manager, trustee, or principal of either of the Shareholder or of any partnership,
corporation, or other entity that is an affiliate under this definition. The parties acknowledge and agree that the covenants set forth
in this Section 6.6 are ancillary to the sale of the Shares and are reasonable and necessary to protect Buyer’s purchase of the
Purchased Shares.

 

6.7 Drag-along Rights.

 

(a) If
one or more Persons holding no less than a majority of all the issued and outstanding Shares of the Companies (such Person(s) being collectively
referred to as the “Dragging Shareholder”), proposes to consummate, in one transaction or a series of related
transactions, a Sale Transaction that is structured as a sale of Sales (a “Drag-Along Sale”), the Dragging Shareholder
will have the right, after delivering the Drag-Along Notice in accordance with Section 6.7(c) and subject to compliance with Section 6.7(d),
to require that each Shareholder, if he is a holder of Shares at the time, participate in such Drag-Along Sale on the same terms and conditions
as set forth in the Drag-Along Notice and in the manner set forth in Section 6.7(b).

 

    	 

     

    

 

(b) If
the Dragging Shareholder elects to exercise his, her, or its rights to require the Shareholders to participate in the Drag-Along Sale,
then subject to compliance with Section 6.7(d), then each Shareholder shall sell the number of Shares held by such Shareholder in the
Companies equal to the product obtained by multiplying (A) the number of Shares held by such Shareholder by (B) a fraction (1) the numerator
of which is equal to the number of Shares that the Dragging Shareholder proposes to sell in the Drag-Along Sale and (2) the denominator
of which is equal to the number of Shares held by the Dragging Shareholder at such time. If the Sale Transaction is structured as a sale
of all or substantially all of the Companies’ assets or as a merger, consolidation, recapitalization, or reorganization of the Companies
or other transaction otherwise requiring the consent or approval of the Shareholders, then notwithstanding anything to the contrary in
this Agreement, the decision to undertake such Sale Transaction will be made solely by the holders of a majority of the Shares of the
Companies, provided that to the extent the Shareholders, individually or collectively, have the right to participate in a decision to
undertake such Sale Transaction under non-waivable provisions of applicable law, each Shareholder shall: (X) vote (in person, by proxy
or by written consent, as requested) all of its voting securities (including any Shares) in favor of the Sale Transaction (and any related
actions necessary to consummate such sale) and otherwise consent to and raise no objection to such Sale Transaction and such related actions
and (Y) refrain from taking any actions to exercise, and shall take all actions to waive, any dissenters’, appraisal or other similar
rights that it may have in connection with such transaction.

 

(c) The
Dragging Shareholder shall exercise its rights pursuant to this Section 6.7 by delivering a written notice (the “Drag-Along
Notice”) to the Shareholders no more than ten days after the execution and delivery by all of the parties thereto of the
definitive agreement entered into with respect to the Drag-Along Sale and, in any event, no later than 20 days before the closing date
of such Drag-Along Sale. The Drag-Along Notice shall make reference to the Dragging Shareholders’ rights and obligations hereunder
and shall describe in reasonable detail: (i) the name(s) of the third party purchaser; (ii) the proposed date, time and location of the
closing of the Drag-Along Sale; (iii) the proposed amount of consideration in the Drag-Along Sale, including, if applicable, the purchase
price per Equity Interest to be sold and the other material terms and conditions of the Drag-Along Sale; and (iv) a copy of any form of
agreement proposed to be executed in connection therewith.

 

(d) The
obligations of Shareholders in respect of a Drag-Along Sale under this Section 6.7 are subject to the satisfaction of the following conditions:
(i) the consideration to be received by each Shareholder shall be the same form and amount of consideration to be received by the Dragging
Shareholder per Equity Interest and the terms and conditions of such sale shall be the same as those upon which the Dragging Shareholder
sells its Shares (but excluding all consideration paid or to be paid for actual services rendered or to be rendered by any Person); (ii)
each Shareholder shall execute the applicable purchase agreement (and any related ancillary agreements entered into by the Dragging Shareholder
in connection with the Drag-Along Sale) and make or provide the same representations, warranties, covenants, indemnities (directly to
the third-party purchaser and/or indirectly pursuant to a contribution agreement, as required by the Dragging Shareholder), purchase price
adjustments, escrows and other obligations as the Dragging Shareholder makes or provides in connection with the Drag-Along Sale.

 

(e) Without
limiting Section 6.7(d), Shareholders shall take all actions as may be reasonably necessary to consummate a Sale Transaction regardless
of its structure, including, without limitation, entering into all agreements and delivering all certificates and instruments, in each
case, consistent with the agreements being entered into and the certificates and instruments being delivered by the shareholder(s) approving
the Sale Transaction.

 

    	 

     

    

 

6.8 Restrictions on Transfer.

 

(a) Prohibited
Transfers. The Shareholders shall not, whether during lifetime or upon death, pledge, sell, assign, transfer or in any manner dispose
of or encumber any Shares owned or held by them as of the date hereof or hereafter acquired (including, but not by way of limitation,
disposition by way of gift, bankruptcy, execution, hypothecation, seizure and sale by legal process, operation of law, or otherwise) except
and only in strict accordance with the conditions, and subject to the restrictions, rights, obligations and options, hereinafter set forth.

 

(b) Prohibition
on Transfers to Competitors. Notwithstanding any provision hereof to the contrary, the Shareholders (and any of their Permitted Transferees)
covenant and agree that they shall not, directly or indirectly, transfer any of their Shares or any interest therein to any Person that
alone, together or in association with others, either as a principal, agent, owner, shareholder, officer, director, partner, employee,
manager, member, lender, investor or in any other capacity, engages in, has a financial interest in or is in any way connected or affiliated
with, or renders advice or services to, any Person that then competes with the Companies or the Buyer, without the prior approval of Buyer.

 

(c) Permitted
Transfers. Notwithstanding the restrictions set forth in this Section 6.8, but subject to the following sentence, each Shareholder
may transfer his Shares without consideration during lifetime to a trust for the benefit of his spouse or his descendants in which he
is a trustee or to such Shareholder’s individual retirement account (a “Permitted Transferee”) free from
the restrictions set forth herein. Upon any such permitted transfer, the Permitted Transferee shall deliver a writing to the Buyer and
the Companies acknowledging such Permitted Transferee’s agreement to be bound by the terms of this Agreement.

 

(d) Notation
on Company’s Books. No transfer of Shares shall be effective until noted on the Companies’ books by the authorized representative
of the Companies, and such representative shall not note any transfer on such books that is in violation of the terms and conditions of
this Agreement.

 

6.9 Redemption of Shares upon Termination of Shareholder’s Employment without Cause, Retirement, Death or Disability.

 

(a) Obligation
to Purchase. Upon either (i) a Shareholder’s retirement (including the voluntary termination of a Shareholder’s employment
with the Companies), death or Disability or (ii) the Companies’ termination of his employment without Cause (each, a “Trigger
Event”), the Companies shall purchase, and such Shareholder or his estate’s representative, as the case may be, shall
sell all of the Shares held or owned by such Shareholder at the time of retirement, death, the determination of Disability or such termination
without Cause (and any Shares then held by Permitted Transferees under Section 6.8). Notwithstanding any provision herein, the purchase
and sale will be deemed to take place on the date of retirement or death, the date of the determination of Disability or the date of such
termination without Cause, as the case may be.

 

    	 

     

    

 

(b) Purchase
Price. The purchase price for Shares purchased pursuant to this Section 6.9 shall be equal to the Fair Value. The purchase price shall
be paid as follows: (a) 25% of the purchase price will be paid in immediately available funds at closing, and (b) the balance will be
paid in three (3) consecutive equal annual installments commencing on the one-year anniversary of the closing of the purchase of Shares
under this Section 6.9, each together with interest at the minimum applicable federal rate then in effect. The closing of the purchase
and sale of Shares under this Section 6.9 will take place on a date the Companies determine, which must be within 60 days following the
Trigger Event (or within five days after the determination of Fair Value if Fair Value isn’t known by the expiration of such 60-day
period). “Fair Value” shall be the fair market value of the Shares purchased pursuant to this Section 6.9, including
any valuation discounts for lack of control and lack of marketability, determined by an independent valuation professional selected in
good faith by the Companies. Such determination shall be binding and conclusive on the Parties.

 

6.10 Redemption of Shares upon Termination of a Shareholder’s Employment for Cause.

 

(a) Option
to Purchase. If the Companies terminate a Shareholder’s employment for Cause, for a period of 60 days after the date of such
termination of employment, the Companies shall have the right to purchase, and the Shareholder shall, upon exercise of such option by
the Companies, shall sell to the Companies, all of the Shares then held or owned by such Shareholder in the Companies (and any Shares
previously transferred by him to and then held by Permitted Transferees under Section 6.8).

 

(b) Purchase
Price. The purchase price for Shares purchased pursuant to this Section 6.10 shall be equal to (One Dollar and Zero Cents) $1.00 be
paid in immediately available funds at closing. The closing of the purchase and sale of the Shares under this Section 6.10 will take place
on a date selected by the Companies, which must be within 60 days following the termination of employment for Cause.

 

SECTION 7.

SURVIVAL AND INDEMNIFICATION

 

7.1 Survival.
All representations, warranties, and covenants not to compete contained in this Agreement shall be deemed continuing representations,
warranties and covenants and shall survive the Closing. Any investigations by or on behalf of any party hereto shall not constitute a
waiver as to enforcement of any representation, warranty, or covenant contained herein. No notice or information delivered by Shareholders
to the Buyer Entities shall modify or limit any of Shareholders’ representations and warranties, affect the Buyer Entities’
right to rely on any representation or warranty made by Shareholders, or relieve Shareholders of any obligations hereunder as the result
of a breach of any of their representations and warranties.

 

    	 

     

    

 

7.2 Indemnification
by Shareholders. Notwithstanding the Closing, and regardless of any investigation made at any time by or on behalf of either of
the Buyer Entities or any information the Buyer Entities may have, Shareholders agree, jointly and severally, to indemnify and hold the
Buyer Entities harmless against and with respect to, and shall reimburse Buyer Entities for:

 

(a) Breach.
Any and all losses, liabilities, or damages resulting from any untrue representation, breach of warranty, or nonfulfillment of any covenant
by Shareholders or the Companies contained herein or in any certificate, document, or instrument delivered hereunder;

 

(b) Obligations.
Any and all obligations of Shareholders or the Companies not set forth on the Most Recent Balance Sheet;

 

(c) Ownership.
Any and all losses, liabilities, or damages resulting from the operation or ownership of the Business prior to the Closing, except any
such losses, liabilities or damages set forth on the Most Recent Balance Sheet; and

 

(d) Legal
Matters. Any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs, and expenses, including reasonable
legal fees and expenses, incident to any of the foregoing or incurred in investigating or attempting to avoid the same or to oppose the
imposition thereof, or in enforcing this indemnity.

 

7.3 Indemnification
by Buyer Entities.

 

Notwithstanding the Closing, and
regardless of any investigation made at any time by or on behalf of the Shareholders or any information the Shareholders may have, the
Buyer Entities hereby agree to indemnify and hold the Shareholders harmless against and with respect to, and shall reimburse the Shareholders
for:

 

(a) Breach.
Any and all losses, liabilities, or damages resulting from any untrue representation, breach of warranty, or nonfulfillment of any covenant
by the Buyer Entities contained herein or in any certificate, document, or instrument delivered to Shareholders hereunder;

 

(b) Ownership.
Any and all losses, liabilities, or damages resulting from the operation or ownership of the Companies after the Closing; and

 

(c) Legal
Matters. Any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs and expenses, including reasonable
legal fees and expenses, incident to any of the foregoing or incurred in investigating or attempting to avoid the same or to oppose the
imposition thereof, or in enforcing this indemnity.

 

7.4 Procedure
for Indemnification.

 

The procedure for indemnification
shall be as follows:

 

(a) Notice.
The party claiming indemnification pursuant to this Agreement (the “Claimant”) shall promptly give notice to
the party from whom indemnification is claimed (the “Indemnitor”) of any claim, whether solely between the parties
or brought by a third party, specifying the factual basis for the claim, and the amount of the claim.

 

    	 

     

    

 

(b) Investigation.
With respect to claims between the parties, following receipt of notice from the Claimant of a claim, the Indemnitor shall have thirty
days to make any investigation of the claim that the Indemnitor deems necessary or desirable. For the purposes of this investigation,
the Claimant agrees to make available to the Indemnitor and/or its authorized representatives the information relied upon by the Claimant
to substantiate the claim. If the Claimant and the Indemnitor cannot agree as to the validity and amount of the claim within the 30-day
period (or any mutually agreed upon extension thereof), the Claimant may seek appropriate legal remedy.

 

(c) Control.
With respect to any claim by a third party as to which the Claimant is entitled to indemnification hereunder, the Indemnitor shall have
the right at its own expense to participate in or assume control of the defense of the claim, and the Claimant shall cooperate fully with
the Indemnitor, subject to reimbursement for actual out-of-pocket expenses incurred by the Claimant as the result of a request by the
Indemnitor. If the Indemnitor elects to assume control of the defense of any third-party claim, the Claimant shall have the right to participate
in the defense of the claim at its own expense. If the Indemnitor does not elect to assume control or otherwise participate in the defense
of any third party claim, it shall be bound by the results obtained by the Claimant with respect to the claim.

 

(d) Right
to Withhold. The amount determined to be due to Buyer may be off-set by Buyer against any amounts otherwise payable to Shareholders
(the “Shareholder Payments”). The Buyer Entities may withhold against any one or more Shareholder Payments the
remaining amount of any claims for indemnification pursuant to this Section 7. If such remaining claim amount is greater than the amount
by which such Shareholder Payments was reduced, then the Shareholders shall make payment of such difference promptly and directly to Buyer.

 

(e) Tax
Treatment. Any indemnity payments made under this Agreement will be treated for income tax purposes as an adjustment to the Purchase
Price, unless otherwise required by applicable law.

 

    	 

     

    

 

SECTION 8.

MISCELLANEOUS

 

8.1 Fees
and Expenses. Each party shall pay its own expenses incurred in connection with the authorization, preparation, execution, and
performance of this Agreement, including all fees and expenses of counsel, accountants, agents, and representatives.

 

8.2 Attorneys’
Fees. In the event of a default by Shareholder or Buyer which results in the filing of a lawsuit for damages, specific performance,
or other remedy, the prevailing Party shall be entitled to reimbursement by the other Party of reasonable legal fees and expenses incurred.

 

8.3 Taxes.
The Shareholders shall be responsible for the payment of all transfer, sales and use and documentary taxes, filing and recording fees
and similar charges that may be payable in connection with the transactions contemplated by this Agreement.

 

8.4 Notices.
All notices, demands, and requests required or permitted to be given under the provisions of this Agreement shall be in writing and shall
be deemed to have been duly delivered and received (a) on the date of personal delivery, or (b) on the earlier of the date of receipt
(as shown on the return receipt) or refusal of delivery if mailed by registered or certified mail, postage prepaid and return receipt
requested, or by email in each case addressed as follows:

 

	
    If to Shareholders:

     

     
	
    Jeremy Starks

    1913 Rocky Step Road

    Scott Depot, WV 25560

    Email: jeremy@rangeenvironmental.com

     

    Joshua Justice

    488 Zatto Lane

    Danville, WV 25053

    Email: josh@rangeenvironmental.com

     

	
    If to the Buyer Entities:

     

     
	
    c/o Malachite Innovations, Inc.

    200 Park Avenue, Suite 400

    Orange Village, OH 44122

    Attn: Michael Cavanaugh, CEO

    Email: mrc@malachiteinnovations.com

    

 

or to any other or additional persons and addresses
as the parties may from time to time designate in a writing delivered in accordance with this Section 8.4.

 

8.5 Benefit
and Binding Effect. Neither Party hereto may assign this Agreement without the prior written consent of the other Parties hereto,
except that, without the prior written consent of Shareholder, Buyer may assign its rights under this Agreement to any entity controlling,
controlled by or under common control with Malachite or Buyer or any successor of Malachite or Buyer by way of merger, acquisition, reorganization
or other similar corporate transaction, and, upon the assumption by such assignee of all liabilities and obligations of Buyer hereunder,
Buyer shall be released from all liabilities and obligations to Shareholder and the Companies pursuant to this Agreement. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

    	 

     

    

 

8.6 Further
Assurances. The Parties shall take any actions and execute any other documents that may be necessary or desirable to the implementation
and consummation of this Agreement, including, in the case of a Shareholder, any additional bills of sale, deeds, or other transfer documents
that, in the reasonable opinion of Buyer, may be necessary to ensure, complete, and evidence the full and effective transfer of the Purchased
Shares to Buyer pursuant to this Agreement.

 

8.7 Governing
Law. This Agreement shall be governed, construed, and enforced in accordance with the laws of the State of Ohio (without regard
to the choice of law provisions thereof); and the Parties consent to the jurisdiction of courts in the State of Ohio which shall be the
venue for any and all actions or proceedings brought by a Party hereto, arising out of or relating to this Agreement or the Transaction
Documents.

 

8.8 Headings.
The headings herein are included for ease of reference only and shall not control or affect the meaning or construction of the provisions
of this Agreement.

 

8.9 Gender
and Number. Words used herein regardless of the gender and number specifically used, shall be deemed and construed to include
any other gender, masculine, feminine, or neuter, and any other number, singular or plural, as the context requires.

 

8.10 Entire
Agreement. This Agreement, all schedules and exhibits hereto, and all documents, certificates, and other documents to be delivered
by the parties pursuant hereto, collectively represent the entire understanding and agreement by and among the Parties with respect to
the subject matter hereof. This Agreement supersedes all prior negotiations between the Parties and cannot be amended, supplemented, or
changed except in writing signed by each Party.

 

8.11 Joint
Participation. The Parties have participated jointly in the negotiation and drafting of the Agreement. In the event of an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption
or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement.

 

8.12 Counterparts.
This Agreement may be signed in multiple original or PDF counterparts with the same effect as if the signature on each counterpart were
upon the same instrument. In the event that any signature to this Agreement or any agreement or certificate delivered pursuant hereto
is delivered by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of
the Party executing with the same force and effect if such “.pdf” signature page were an original hereof.

 

[Remainder of Page Intentionally
Left Blank; Signature Page Follows]

 

    	 

     

    

 

IN WITNESS WHEREOF, this Agreement
has been executed by the Parties as of the date first written above.

 

	 	BUYER:
	 	 	 
	 	Daedalus Ecosciences, Inc.
	 	 	 
	 	By:	/s/ Michael Cavanaugh

	 	 	Print
    Name: Michael Cavanaugh
	 	 	Title:
    Chief Executive Officer
	 	 	 
	 	MALACHITE:
	 	 	 
	 	Malachite Innovations, Inc.
	 	 	 
	 	By:	/s/ Michael Cavanaugh

	 	 	Print
    Name: Michael Cavanaugh
	 	 	Title:
    Chief Executive Officer
	 	 	 
	 	COMPANIES:
	 	 	 
	 	Range Environmental Resources, Inc.
	 	 	 
	 	By:	/s/
    Joshua Justice
	 	 	Print
    Name: Joshua Justice
	 	 	Title:
    President
	 	 	 
	 	Range Natural Resources, Inc.
	 	 	 
	 	By:	/s/
    Joshua Justice
	 	 	Print
    Name: Joshua Justice
	 	 	Title:
    President
	 	 	 
	 	SHAREHOLDERS:
	 	 	 
	 	By:	/s/ Joshua Justice
	 	 	Joshua Justice
	 	 	 
	 	By:	/s/
                                            Jeremy Starks

	 	 	Jeremy Starks

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