Document:

Exhibit
10.49

 

DEVELOPMENT
SERVICES AGREEMENT

 

This
Development Services Agreement (this “Agreement”) is entered into as of July 29, 2021 (the “Effective
Date”), by and between HUMBL, Inc., a Delaware corporation (“HUMBL”), and Red Rock Development
Group, LLC, an Arizona limited liability company (“Red Rock”). The parties hereto may be referred to hereinafter
individually as a “Party” and collectively as the “Parties.”

 

A.
HUMBL desires to retain Red Rock to advise HUMBL with respect to the development, operation and tokenization of certain real estate assets.

 

B.
Red Rock desires to provide such services to HUMBL.

 

NOW,
THEREFORE, in consideration of the covenants and agreements set forth herein and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the Parties agree as follows:

 

1.
Services. Red Rock will advise HUMBL on: (a) the purchase and development of a portfolio of real estate assets (the “Portfolio”);
(b) the operation of the Portfolio; and (c) the potential tokenization of the Portfolio in a legally compliant manner (collectively,
the “Services”).

 

2.
Share Issuance; Vesting. In consideration for the Services, HUMBL agrees to issue 3,000,000 shares of its common stock to Red
Rock (the “Shares”) within forty-five (45) days of the Effective Date. The Shares will be subject to the following
vesting schedule: (a) 1,500,000 of the Shares will vest on the issuance date of the Shares; and (b) 125,000 of the Shares will vest on
the first day of each month for the next twelve (12) months.

 

3.
Representations and Warranties. Each Party hereto hereby represents and warrants to the other as of the date hereof that:

 

3.1.
It is a duly and validly organized and existing business entity in good standing under the laws of the jurisdiction of its formation,
and that it is legally qualified to do business in each jurisdiction in which its activities require such qualification.

 

3.2.
The performance of this Agreement and the consummation of the transactions contemplated herein will not result in any violation of any
law, rule, or regulation, or any breach, conflict or violation of any terms or provisions of, or constitute a default under, its formation
or governing documents, or any material agreement or instrument to which it is a party, by which it is bound, or to which any of its
property is subject.

 

3.3.
All requisite company action has been taken for the due authorization, execution, delivery, and performance of this Agreement by it,
and this Agreement constitutes a legally binding obligation, enforceable against such Party, in accordance with its terms, except insofar
as enforceability may be limited by bankruptcy, insolvency, reorganization, or similar laws affecting the rights of creditors generally
and by general equity principles, including judicial principles affecting the availability of injunctive relief and specific performance.

 

    	 

     

    

 

4.
Term; Termination. The term of this Agreement will be for a period of two (2) years beginning on the Effective Date. Either Party
may terminate this Agreement upon thirty (30) days’ written notice to the other Party.

 

5.
Publicity. HUMBL may issue a press release announcing this Agreement and the relationship of the Parties.

 

6.
Confidentiality. Each Party acknowledges that in the course of performing this Agreement it may receive information from the other
Party that is marked confidential or that, given the nature of the information or the circumstances surrounding its disclosure, reasonably
should be considered as confidential, including without limitation intellectual property, code, trade secrets, proprietary information,
technical information, agreements, pricing, or customer information (hereinafter “Confidential Information”).
If a Party has any reasonable doubt as to whether information is Confidential Information, the Party shall treat such information as
Confidential Information until the other Party makes clear in writing that the information in question is not Confidential Information.
During the Term and forever thereafter, each Party shall maintain the confidentiality of the other Party’s Confidential Information
and shall not sell, license, publish, display, distribute, disclose or otherwise make available such Confidential Information to any
third Party nor use such Confidential Information except as authorized by this Agreement. Upon the expiration or termination of this
Agreement, each Party shall return all of the Confidential Information of the other Party back to such Party. Notwithstanding the foregoing,
the following information shall not be considered Confidential Information within the meaning of this Agreement, and therefore the above
restrictions on use and disclosure of Confidential Information will not apply to any of the following information and neither Party shall
be liable for disclosure or use of any of the following information: (a) information which was available to the public or was in the
public domain at the time it was disclosed, or information which subsequently becomes publicly available or in the public domain through
means other than through breach of the confidentiality provisions of this Agreement; (b) information shown by clear and convincing documentary
evidence to be previously known or independently developed by the receiving Party prior to its receipt, or information otherwise known
to the receiving Party at the time of receipt, or information acquired from a third party who is not in breach of an agreement to keep
such information confidential; (c) information which the receiving Party at any time lawfully obtains without restriction on its use
and disclosure; (d) information disclosed with the prior written consent of the disclosing Party; or (e) information publicly released,
in the absence of a protective order or confidentiality agreement, in response to a subpoena, court order or other legal process.

 

7.
Independent Contractor. Each Party is acting and performing as an independent contractor and nothing in this Agreement shall be
deemed to create a joint venture or partnership between the Parties.

 

    	 

     

    

 

8.
Miscellaneous.

 

8.1.
Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable
to contracts made and wholly performed in that jurisdiction. Notwithstanding the foregoing, the Parties hereby exclusively and irrevocably
submit to, and waive any objection against, the exclusive jurisdiction and venue of any state or federal court sitting in San Diego County,
California over any proceeding arising out of or relating to this Agreement.

 

8.2.
Entire Agreement; Amendment. The terms and provisions contained in this Agreement constitute the entire understanding of the Parties
with respect to the transactions and matters contemplated hereby and supersede all previous communications, representations, agreements
and understandings relating to the subject matter hereof and shall also supersede any invoices or purchase orders of either Party. No
agreement or understanding amending, supplementing or extending this Agreement shall be binding upon either Party unless it is in writing
and signed by each Party.

 

8.3.
Notices. Unless otherwise provided herein, any notice, report, payment or document to be given by one Party to the other will
be in writing and will be deemed given when delivered personally or mailed by certified or registered mail, postage prepaid (such mailed
notice to be effective on the date which is two (2) business days after the date of mailing), or sent by nationally recognized overnight
courier (such notice sent by courier to be effective when actually delivered), or sent by telefax or electronic mail (such notice sent
by telefax or electronic mail to be effective when sent, if confirmed by certified or registered mail or overnight courier as aforesaid)
to the address designated to the other party from time to time.

 

8.4.
Waiver. Except as otherwise expressly set forth herein, no provision of or right under this Agreement shall be deemed to have
been waived by any act or acquiescence on the part of any Party, its agents or employees, except by an instrument in writing signed by
an authorized officer of each Party hereto. No waiver by any Party of any breach of this Agreement by the other Party shall be effective
as to any other breach, whether of the same or any other term or condition and whether occurring before or after the date of such waiver.

 

8.5.
Assignment. Neither this Agreement, nor any rights under this Agreement, may be assigned or otherwise transferred by either Party,
in whole or in part, whether voluntary, or by operation of law, without the prior written consent of the other Party; however, either
Party may assign, without such consent, all its rights and obligations under this Agreement to a wholly owned subsidiary, or to an entity
that succeeds to substantially all of the business or assets of such Party through merger, acquisition, or similar transaction provided
the other Party is notified in writing of the transaction no later than five (5) calendar days prior to the consummation of the transaction.
If an assignment by either Party is made pursuant to a merger, acquisition or similar transaction to a competitor of either Party, the
other Party shall have the right to terminate this Agreement within thirty (30) days of such transaction. If the non-assigning Party
fails to terminate within the time period provided above, this Agreement shall continue in full force and effect and shall inure to the
benefit of the assignee.

 

8.6.
Successors and Assigns. This Agreement shall bind and inure to the benefit of the Parties hereto and their respective successors
and permitted assigns.

 

    	 

     

    

 

8.7.
Severability. In the event any provision of this Agreement shall for any reason be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect any other term or provision hereof. The Parties agree
that they will negotiate in good faith or will permit a court to replace any provision hereof so held invalid, illegal or unenforceable
with a valid provision which is as similar as possible in substance to the invalid, illegal or unenforceable provision.

 

8.8.
Attorneys’ Fees. In the event that any dispute among the Parties to this Agreement should result in litigation, the prevailing
Party in such dispute shall be entitled to recover from the losing Party all fees, costs and expenses of enforcing any right of such
prevailing Party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys,
which shall include, without limitation, all fees, costs and expenses of appeals.

 

8.9.
Counterparts. This Agreement may be executed in multiple counterparts and by electronic signature, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

8.10.
Further Assurances. Each Party covenants and agrees that, subsequent to the execution and delivery of this Agreement and without
any additional consideration, it will execute and deliver any further legal instruments and perform any acts which are or may become
reasonably necessary to effectuate the purposes of this Agreement.

 

    	 

     

    

 

IN
WITNESS WHEREOF, this Agreement is hereby executed by the Parties hereto effective as of the date first set forth above.

 

	 	HUMBL:
	 	 	 
	 	HUMBL, Inc.
	 	 	 
	 	By:	 
	 	 	Brian
    Foote, CEO
	 	 	 
	 	Red
    Rock:
	 	 	 
	 	 	 
	 	Red
    Rock Development Group, LLC
	 	 
	 	By:	 
	 	 	Brian
    Innes, Manager

 

    	 

     

    

 

AMENDMENT
TO DEVELOPMENT SERVICES AGREEMENT

 

This
Amendment to Development Services Agreement (this “Amendment”) is entered into as of November 15, 2021, by and between
HUMBL, Inc., a Delaware corporation (“HUMBL”), and Red Rock Development
Group, LLC, an Arizona limited liability company (“Red Rock”).

 

HUMBL

 

A. and Red Rock are parties to that certain Development Services Agreement dated July 29, 2021 (the “Development Agreement”).

 

B.
As result of a decline in HUMBL’s stock price, HUMBL and Red Rock have agreed, subject to the terms, conditions and understandings
expressed in this Amendment, to increase the number of shares to be issued under the Development Agreement and revise the vesting schedule.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true and
accurate and are hereby incorporated into and made a part of this Amendment.

 

2.
Amendment. Section 2 of the Development Agreement is hereby deleted in its entirety and replaced with the following:

 

“2.
Share Issuance; Vesting. In consideration for the Services, HUMBL agrees to issue 5,000,000 shares of its common stock to Red
Rock. The Shares will be subject to the following vesting schedule: (a) 2,500,000 of the Shares will vest on December 15, 2021; and (b)
2,500,000 of the Shares will vest on January 15, 2022. The applicable Shares will be deemed fully earned on the applicable vesting date.”

 

3.
Other Terms Unchanged. The Development Agreement, as amended by this Amendment remains and continues in full force and effect,
constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed.
Any reference to the Development Agreement after the date of this Amendment is deemed to be a reference to the Development Agreement
as amended by this Amendment. If there is a conflict between the terms of this Amendment and the Development Agreement, the terms of
this Amendment shall control.

 

4.
No Reliance. Red Rock acknowledges and agrees that neither HUMBL nor any of its officers, directors, representatives or agents
has made any representations or warranties to Red Rock or any of its agents, representatives, officers, directors, members, managers
or employees except as expressly set forth in this Amendment and, in making its decision to enter into the transactions contemplated
by this Amendment, Red Rock is not relying on any representation, warranty, covenant or promise of HUMBL or its officers, directors,
equity holders, agents or representatives other than as set forth in this Amendment.

 

5.
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all
of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed
counterpart of this Amendment (or such party’s signature page thereof) will be deemed to be an executed original thereof.

 

6.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in
order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

	 	HUMBL:
	 	 	 
	 	HUMBL,
    Inc.
	 	 	 
	 	By:	 
	 	 	Brian
Foote, CEO
	 	 	 
	 	RED
    ROCK:
	 	 	 
	 	Red
    Rock Development Group, LLC
	 	 	 
	 	By:	 
	 	 	Brian
Innes, Manager

 

    	 

     

    

 

AMENDMENT
#2 TO DEVELOPMENT SERVICES AGREEMENT

 

This
Amendment #2 to Development Services Agreement (this “Amendment”) is entered into as of December 30, 2021, by and
between HUMBL, Inc., a Delaware corporation (“HUMBL”), and Red Rock
Development Group, LLC, an Arizona limited liability company (“Red Rock”).

 

A.
HUMBL and Red Rock are parties to that certain Development Services Agreement dated July 29, 2021 (the “Development Agreement”).

 

B.
Red Rock has not yet completed some of the services under the Development Services that were anticipated to be completed by December
15, 2021, HUMBL and Red Rock have agreed, subject to the terms, conditions and understandings expressed in this Amendment, to revise
the vesting schedule.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true and
accurate and are hereby incorporated into and made a part of this Amendment.

 

2.
Amendment. Section 2 of the Development Agreement is hereby deleted in its entirety and replaced with the following:

 

“2.
Share Issuance; Vesting. In consideration for the Services, HUMBL agrees to issue 5,000,000 shares of its common stock to Red
Rock (the “Shares”). The Shares will vest on January 15, 2022 (the “Vesting Date”).
Red Rock agrees that it will forfeit the Shares in the event this Agreement is terminated prior to the Vesting Date. The Shares will
be deemed fully earned on the Vesting Date.”

 

3.
Other Terms Unchanged. The Development Agreement, as amended by this Amendment remains and continues in full force and effect,
constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed.
Any reference to the Development Agreement after the date of this Amendment is deemed to be a reference to the Development Agreement
as amended by this Amendment. If there is a conflict between the terms of this Amendment and the Development Agreement, the terms of
this Amendment shall control.

 

4.
No Reliance. Red Rock acknowledges and agrees that neither HUMBL nor any of its officers, directors, representatives or agents
has made any representations or warranties to Red Rock or any of its agents, representatives, officers, directors, members, managers
or employees except as expressly set forth in this Amendment and, in making its decision to enter into the transactions contemplated
by this Amendment, Red Rock is not relying on any representation, warranty, covenant or promise of HUMBL or its officers, directors,
equity holders, agents or representatives other than as set forth in this Amendment.

 

5.
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all
of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed
counterpart of this Amendment (or such party’s signature page thereof) will be deemed to be an executed original thereof.

 

6.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in
order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

	 	HUMBL:
	 	 	 
	 	HUMBL,
    Inc.
	 	 	 
	 	By:
    	 
	 	 	Brian
    Foote, CEO
	 	 	 
	 	RED
    ROCK:
	 	 	 
	 	Red
    Rock Development Group, LLC
	 	 	 
	 	By:	 
	 	 	Brian
    Innes, Manager

 

    	 

     

    

 

AMENDMENT
#3 TO DEVELOPMENT SERVICES AGREEMENT

 

This
Amendment #3 to Development Services Agreement (this “Amendment”) is entered into effective as of February 12, 2022,
by and between HUMBL, Inc., a Delaware corporation (“HUMBL”), and Red
Rock Development Group, LLC, an Arizona limited liability company (“Red Rock”).

 

C.
HUMBL and Red Rock are parties to that certain Development Services Agreement dated July 29, 2021 (the “Development Agreement”).

 

D.
As result of a decline in HUMBL’s stock price, HUMBL and Red Rock have agreed, subject to the terms, conditions and understandings
expressed in this Amendment, to increase the number of shares to be issued under the Development Agreement and revise the vesting schedule.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true and
accurate and are hereby incorporated into and made a part of this Amendment.

 

2.
Amendment. Section 2 of the Development Agreement is hereby deleted in its entirety and replaced with the following:

 

“2.
Share Issuance; Vesting. In consideration for the Services, HUMBL agrees to issue 10,000,000 shares of its common stock to Red
Rock. The Shares will vest on April 15, 2022. The Shares will be deemed fully earned on the applicable vesting date.”

 

3.
Other Terms Unchanged. The Development Agreement, as amended by this Amendment remains and continues in full force and effect,
constitutes legal, valid, and binding obligations of each of the parties, and is in all respects agreed to, ratified, and confirmed.
Any reference to the Development Agreement after the date of this Amendment is deemed to be a reference to the Development Agreement
as amended by this Amendment. If there is a conflict between the terms of this Amendment and the Development Agreement, the terms of
this Amendment shall control.

 

4.
No Reliance. Red Rock acknowledges and agrees that neither HUMBL nor any of its officers, directors, representatives or agents
has made any representations or warranties to Red Rock or any of its agents, representatives, officers, directors, members, managers
or employees except as expressly set forth in this Amendment and, in making its decision to enter into the transactions contemplated
by this Amendment, Red Rock is not relying on any representation, warranty, covenant or promise of HUMBL or its officers, directors,
equity holders, agents or representatives other than as set forth in this Amendment.

 

5.
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all
of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s executed
counterpart of this Amendment (or such party’s signature page thereof) will be deemed to be an executed original thereof.

 

6.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in
order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

	 	HUMBL:
	 	 	 
	 	HUMBL,
    Inc.
	 	 	 
	 	By:
    	 
	 	 	Brian
    Foote, CEO
	 	 	 
	 	RED
    ROCK:
	 	 	 
	 	Red
    Rock Development Group, LLC
	 	 	 
	 	By:	 
	 	 	Brian
    Innes, ManagerExhibit
10.59

 

ASSET
PURCHASE AGREEMENT

 

AMONG

 

BIZSECURE,
INC.

 

(as
Seller)

 

and

 

HUMBL,
INC.

 

(as
Buyer)

 

and

 

ALFONSO
ARANA

 

and

 

ALFONSO
RODRIGUEZ-ARANA

 

and

 

CLEMENT
DANISH

 

(as
Stockholders of Seller)

 

Dated
February 12, 2022

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	Article
    I Purchase and Sale of Assets	1
	 	1.1	Purchase
    and Sale of Acquired Assets	1
	 	1.2	Assets
    Being Retained by Seller	1
	 	1.3	Assumption
    of Liabilities	2
	 	 	 	 
	Article
    II Consideration Payable by Buyer	2
	 	2.1	Purchase
    Price	2
	 	2.2	Payment
    of Purchase Price	2
	 	2.3	Allocation
    of Purchase Price	2
	 	 	 	 
	Article
    III The Closing	2
	 	3.1	Closing	2
	 	3.2	Seller’s
    Obligations at Closing	2
	 	3.3	Buyer’s
    Obligations at Closing	3
	 	3.4	Closing
    Prorations and Closing Costs	
	 	3.5	Employment
    Matters	4
	 	 	 	 
	Article
    IV Covenants and Obligations of the Parties	4
	 	4.1	Covenants
    of Seller and Stockholders.	4
	 	4.2	Covenants
    of Parties Regarding Brokers and Expenses	6
	 	4.3	Sales
    and Use Taxes	
	 	 	 	 
	Article
    V Representations and Warranties	6
	 	5.1	Representations
    and Warranties of Seller and Stockholders	5
	 	5.2	Representations
    and Warranties of Buyer	11
	 	 	 	 
	Article
    VI Indemnification	12
	 	6.1	Indemnification	12
	 	6.2	Indemnification
    Procedures	13
	 	6.3	Cooperation
    of the Parties	13
	 	6.4	Termination
    of Indemnification Obligations	13
	 	 	 	 
	Article
    VII Miscellaneous Provisions	14
	 	7.1	Governing
    Law, Jurisdiction and Venue	14
	 	7.2	Assignment;
    Binding Upon Successors and Assigns	14
	 	7.3	Severability	14
	 	7.4	Counterparts	14
	 	7.5	Amendment
    and Waivers	14
	 	7.6	Attorneys’
    Fees	14
	 	7.7	Notices	15
	 	7.8	Construction
    of Agreement	16
	 	7.9	Further
    Assurances	16
	 	7.10	Expenses	16
	 	7.11	Entire
    Agreement	16

 

    	i

     

    

 

List
of Exhibits

 

	Exhibit
    A	List
    of Acquired Assets
	Exhibit
    B	List
    of Excluded Assets
	Exhibit
    C	Allocation
    of Purchase Price
	Exhibit
    D	Form
    of Bill of Sale
	Exhibit
    E	Employment
    Agreements

 

    	ii

     

    

 

ASSET
PURCHASE AGREEMENT

 

THIS
ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into effective as of February 12, 2022 (the “Effective
Date”), by and among BizSecure, Inc., a Delaware corporation (“Seller”); Alfonso Arana, an individual (“Arana
Sr.”); Alfonso Rodriguez-Arana, an individual (“Arana Jr.”); Clement Danish, an individual (“Danish”,
and together with Arana Sr. and Arana Jr., the “Stockholders”); and HUMBL, Inc., a Delaware corporation (“Buyer”).
Seller, Stockholders and Buyer are sometimes referred to collectively herein as the “Parties,” and individually as
a “Party.”

 

A.
Seller operates a platform that issues and verifies digital credentials commonly referred to as Self-Sovereign Identity (the “Business”).

 

B.
On the terms and subject to the conditions set forth in this Agreement, Buyer desires to acquire from Seller, and Seller is willing to
sell to Buyer, substantially all of the assets utilized in and required for the operation of the Business.

 

C.
As an incentive and inducement to Buyer to acquire the assets of the Business, and as a condition thereto, Seller and Stockholders are
willing to make various covenants and agreements with Buyer, as set forth below.

 

D.
The Parties desire to enter into this Agreement in order to set forth and establish their rights and obligations with respect to the
transactions contemplated hereby.

 

NOW,
THEREFORE, intending to be legally bound, and in consideration of the above-recited premises and the mutual promises, covenants and conditions
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto agree as follows:

 

Purchase
and Sale of Assets

 

Purchase
and Sale of Acquired Assets.

 

ARTICLE
1. Subject to the terms and conditions of this
Agreement, at the Closing (as defined below), Seller shall sell, convey, transfer, assign and deliver to Buyer, and Buyer shall purchase,
acquire and accept from Seller, all of the tangible and intangible assets used in the operation of the Business as listed in Exhibit
A attached hereto, but excluding those items referenced in Section 1.2 below (the “Acquired Assets”).

 

Assets
Being Retained by Seller.

 

ARTICLE
2. Notwithstanding any provision to the contrary
contained in this Agreement, the Acquired Assets will not include, and Seller will retain all rights and interests in, and all obligations
with respect to, those items referenced in Exhibit B attached hereto (the “Excluded Assets”).

 

    	1

     

    

 

Assumption
of Liabilities.

 

ARTICLE
3. Buyer will not assume any of the obligations,
liabilities or indebtedness of Seller, Stockholders or the Business of any nature whatsoever, whether or not reflected on any financial
statements or records of Seller, Stockholders or the Business, except as otherwise specifically provided in this Agreement. Any product
liability, quality or other claims relating to products of the Business, if any, sold prior to the Closing or services of the Business
performed prior to the Closing shall be the responsibility of Seller, and Seller and Stockholders jointly and severally agree to indemnify
and hold harmless Buyer with respect to any such claims.

 

Consideration
Payable by Buyer

 

Purchase
Price.

 

ARTICLE
4. The consideration payable by Buyer for the
Acquired Assets and for the other covenants and agreements of Seller hereunder (the “Purchase Price”) will be the
sum of $6,800,000.00, payable and as may be adjusted in the manner set forth in Section 2.2 below.

 

Payment
of Purchase Price.

 

ARTICLE
5. Buyer will pay the Purchase Price by delivery
to Seller of 13,200,000 shares of common stock of Buyer, par value $0.00001 (the “Shares”), and 26,800,000 restricted
stock units (the “RSUs”). The Shares will be fully vested on the Closing Date (as defined below). The RSUs will vest
as set forth in Section 2.3 below.

 

RSU
Vesting.

 

20,1000,000
of the RSUs will vest in eight equal quarterly installments on the last day of each quarter over the next two years, beginning with the
quarter commencing on April 1, 2022, based on the continued employment with Buyer of Arana Jr. 6,700,000 of the RSUs will vest in eight
equal quarterly installments on the last day of each quarter over the next two years, beginning with the quarter commencing on April
1, 2022, based on the continued employment with Buyer of Danish. In the event Arana Jr. or Danish’s employment is terminated without
Cause (as defined in their employment agreements) or resigns with Good Reason (as defined in their employment agreements), the remaining
unvested RSUs associated with such individual shall automatically vest. In the event Buyer terminates Arana Jr. or Danish with Cause
or Arana Jr. or Danish resigns without Good Reason, the remaining unvested RSUs associated with such individual shall automatically be
cancelled.

 

Registration.

 

Buyer
agrees to include the Shares on a Form S-1 registration statement filed within ninety (90) days of the effectiveness of Buyer’s
Form S-1 registration statement currently pending before the SEC.

 

Allocation
of Purchase Price.

 

ARTICLE
6. Buyer and Seller have allocated the Purchase
Price among the Assets after taking into account the applicable Treasury Regulations and the fair market value of such items. Buyer shall
prepare for filing all of the tax returns, information returns and statements (“Returns”) that may be required with
respect to the transaction provided for herein pursuant to Section 1060 of the Internal Revenue Code of 1986, as amended (the “Code”),
any Treasury Regulations promulgated thereunder, any other similar provision of the Code and any other similar, applicable foreign, state
or local tax law or regulation. Seller shall provide information that may be required by Buyer for the purpose of preparing such Returns,
execute and file such Returns as requested by Buyer and file all other returns and tax information on a basis that is consistent with
such Returns prepared by Buyer.

 

    	2

     

    

 

The
Closing

 

Closing.

 

ARTICLE
7. Subject to the provisions hereof, the
purchase and sale of the Acquired Assets and the other transactions contemplated by this Agreement will
be consummated on the date hereof (the “Closing”) contemporaneously
with the Parties’ execution of this Agreement. The date on which the Closing actually
occurs is hereinafter called the “Closing Date.”

 

Seller’s
Obligations at Closing.

 

ARTICLE
8. At the Closing, Seller and Stockholders will
take the actions and deliver the documents and instruments referenced below:

 

Bill
of Sale.

 

Seller
will deliver to Buyer an executed Assignment and Bill of Sale in the form attached hereto as Exhibit C (the “Bill
of Sale”), conveying to Buyer good, legal and marketable title in and to the Acquired Assets, and all rights, title and interests
of Seller with respect thereto, free and clear of all liens, claims, charges and encumbrances.

 

Possession
of Acquired Assets.

 

Simultaneously
with delivery of the Bill of Sale, Seller and Stockholders will take such reasonable steps as may be necessary to put Buyer in possession
and operating control of the Acquired Assets and the Business, including delivering all title certificates, keys, and other documents
as may be reasonably necessary or required by Buyer to put Buyer in possession of the Acquired Assets.

 

Employment
Agreements.

 

Seller
will cause Arana Jr. and Danish to execute and deliver to Buyer employment agreements in the form attached hereto as Exhibit D.

 

BLOCKS
Tokens.

 

Seller
will return all BLOCKS tokens held by Seller to the BLOCKS treasury.

 

Other
Items.

 

Seller
and Stockholders will execute and deliver to Buyer all other documents and instruments required or contemplated by this Agreement, or
reasonably requested by Buyer, to enable Buyer to fully utilize the Acquired Assets and carry on the Business, including such documents
as may be required to assign and transfer to Buyer all rights to all names utilized in the Business, or to vest in Buyer all rights and
interests in and to the Acquired Assets, free and clear of all liens, claims, charges and encumbrances. All of such documents and instruments
shall be in form and substance reasonably approved by Seller and Buyer and their respective legal counsel. Seller and Stockholders will
also deliver to Buyer at or prior to the Closing any information required for Buyer to complete any tax reporting documents relating
to the transactions contemplated herein.

 

Buyer’s
Obligations at Closing.

 

ARTICLE
9. At the Closing, Buyer shall deliver to Seller
the following:

 

Bill
of Sale.

 

Buyer
will deliver to Seller an executed copy of the Bill of Sale.

 

Share
and RSU Issuance.

 

Upon
consummation of this Agreement, Buyer will issue the Shares and the RSUs.

 

    	3

     

    

 

Employment
Matters.

 

ARTICLE
10. Seller shall be responsible for all liabilities
for employee or independent contractor compensation and benefits accrued or otherwise arising out of services rendered to Seller by Seller’s
employees, managers and independent contractors prior to and (if applicable) after Closing (including without limitation all health insurance
or other insurance/benefit premiums and contributions to retirement plans) or arising by reason of actual, constructive or deemed termination
of their service relationship with Seller at Closing. No provision of this Section 3.4 shall create any third-party beneficiary
or other rights in any employee of Seller or former employee of Seller in respect of continued or resumed employment in the Business,
or with Buyer, and no provision of this Section 3.4 shall create any rights in any such persons in respect of any benefits that
may be provided under any plan or arrangement which may be established by Buyer. Nothing herein shall cause or be deemed to cause Seller
to be responsible for any employee or independent contractor compensation, benefits, or any other liabilities accruing or otherwise arising
out of services rendered to for the benefit of Buyer after Closing.

 

Covenants
and Obligations of the Parties

 

Covenants
of Seller and Stockholders.

 

Covenant
Not to Compete.

 

As
a condition and inducement to Buyer’s execution of, and performance of its obligations under, this Agreement, and for the consideration
provided herein, each of Seller and Stockholders agrees that it or he, as the case may be, will not directly or indirectly compete with
the Business for a period of three (3) years from the Closing Date (the “Restrictive Period”). The phrase “directly
or indirectly compete” shall include: (i) other than pursuant to and in accordance with a separate written agreement between the
Stockholder and Buyer concerning the Stockholder’s provision of services to or for the Business, and except as otherwise provided
herein, owning, managing, operating, controlling or participating in the ownership, management, operation or control of, or being connected
with or having any interest in, as an owner, director, officer, employee, contractor, agent, advisor, sole proprietor or otherwise in
any business offering any products for sale sold by Seller during the two (2) year period prior to Closing, or otherwise competitive
with the Business, anywhere in the United States; and (ii) interfering in any way with the relationships Buyer or its successor may have
with any employees, suppliers, clients, or customers of the Business. If any of the provisions of this Section 4.1.1 is held to be unenforceable,
the remaining provisions shall nevertheless remain enforceable, and the court making such determination shall modify, among other things,
the scope, duration or geographic area of this covenant to preserve the enforceability hereof to the maximum extent then permitted by
law. The enforceability of this covenant is subject to the injunctive and other equitable powers of a court of competent jurisdiction.
Notwithstanding the foregoing, the passive ownership of less than five (5%) percent of the outstanding stock or equity of any publicly-traded
corporation or other entity shall not be deemed, solely by reason thereof, a violation of this Agreement. Each of Seller and Stockholders
represents and warrants that no other individual or entity (other than those listed on Schedule 4.1.1 attached hereto)
has been employed or relied upon by Seller to materially handle customer and client relations, or, to Seller and Stockholders Knowledge
(as defined in Section 5.1), has had access to the confidential information of the Business or been given its customer and client lists.
Notwithstanding anything to the contrary, this Section 4.1.1 shall not prohibit Seller or Shareholders from owning or engaging in the
business known as Great Foods 2 Go, which includes utilizing a program known as 1Delivery block chain technology and cryptocurrency,
or engaging in the continued operations of Blank Slate Solution LLC, so long as any of the foregoing operations of either entity do not
conflict with Arana Jr.’s and Danish’s obligations as employees of Buyer and are not competitive with Buyer’s Blockchain
Services division.

 

    	4

     

    

 

Covenant
Not to Solicit.

 

During
the Restrictive Period, each of Seller and Stockholders agrees that he or it, as the case may be, will not (i) solicit the business of
any of the individuals or entities who are or have been customers or clients of the Business during the Restrictive Period or the twelve
(12) month period prior to the Closing; (ii) request, induce or attempt to influence, directly or indirectly, any employee of Buyer or
the Business or any affiliate of Buyer to leave the employ of Buyer or such affiliate, or in any way intentionally interfere in any material
respect with the relationship between Buyer or any such affiliate and any employee thereof; or (iii) employ any person who as of the
date of this Agreement is, or after such date is or was within the preceding one-year period, an employee of Buyer or any affiliate of
Buyer engaged in the Business.

 

Confidentiality.

 

From
and after the Closing Date, each of Seller and Stockholders will hold in strict confidence and will not divulge, communicate or use in
any way, any business plans or strategies, customer or client lists, financial data, know-how, trade secrets or other information included
within the Acquired Assets or related to the Business (“Confidential Information”); provided, however,
that the foregoing provisions of this sentence shall not include any information that (i) is or becomes generally available to, or known
by, the public, other than as a result of disclosure in violation hereof, (ii) is or becomes available to Seller or Stockholders on a
non-confidential basis from a source other than Buyer, or (iii) has been or is subsequently independently conceived or developed by Seller
or a Stockholder without use of or reference to any of such Confidential Information. Furthermore, neither Seller nor any Stockholder
shall be prohibited from disclosing Confidential Information if requested or required pursuant to any legal action, court order, interrogatory,
subpoena, civil investigative demand, or similar process. Seller and Stockholders agree to notify the Buyer of any such request in order
to allow Buyer to seek, at its sole cost and expense, an appropriate protective order; provided, however, that even if Buyer is seeking
a protective order, Seller and Stockholders may disclose such Confidential Information if, on the advice of counsel, Seller or Stockholders
determine that they are legally required to disclose the Confidential Information to the requesting authority.

 

Discontinue
Use of Business Name and Information.

 

From
and after the Closing, Seller will discontinue all use of the items included in the Acquired Assets, and (except as provided herein)
will discontinue use of all tradenames, and other proprietary or business information transferred to Seller hereunder. Promptly following
the Closing, Seller will change its corporate name and take any other actions Buyer deems to be reasonably necessary to allow Buyer the
exclusive right to and use of such names (or a similar name as determined by Buyer in its sole discretion) and shall execute any documents
Buyer deems necessary to allow Buyer to use such names. Notwithstanding the foregoing, for a period of one (1) year following the Closing,
Seller may use the BizSecure name (and/or any other tradename used by Seller during the period prior to Closing), solely in connection
with its post-Closing affairs including with respect to the handling of any retained liabilities and Excluded Assets, or defending and
prosecuting claims (if any), in each case solely to the extent such use is reasonably necessary.

 

    	5

     

    

 

Announcements.

 

Seller
and Stockholders agree that they will reasonably cooperate in the preparation and dissemination of any announcements to customers and
clients of the Business as Buyer may determine to be appropriate, regarding the change in ownership and management of the Business, to
facilitate a smooth transition. All such announcements will be subject to the reasonable prior approval of each party to this Agreement.

 

Injunctive
Relief.

 

The
enforceability of this Section 4.1 is subject to the injunctive and other equitable powers of a court of competent jurisdiction.

 

Covenants
of Parties Regarding Brokers; Legal Expenses.

 

ARTICLE
11. Each Party represents and acknowledges to
the others that it is not obligated to pay any fee or commission to any broker, finder or intermediary in connection with the transactions
contemplated by this Agreement. Buyer agrees to pay $30,000 to Seller for legal fees incurred in connection with this transaction.

 

Additional
BLOCKS Grants.

 

ARTICLE
12. During the Restrictive Period, neither Seller
nor Stockholders shall seek any additional BLOCKS tokens grants without the prior written consent of Buyer.

 

Representations
and Warranties

 

Representations
and Warranties of Seller.

 

ARTICLE
13. Seller and each Stockholder hereby jointly
and severally represents and warrants to Buyer that, as of the Closing, each of the following statements is true and correct. As used
herein, “Knowledge” as it pertains to Seller means the actual personal knowledge (and not imputed, implied, or constructive
knowledge) of Arana Jr. and Danish, and as it pertains to each Stockholder means the actual personal knowledge (and not imputed, implied,
or constructive knowledge) of such Stockholder.

 

Authorization
and Validity; Consents.

 

Seller
is duly organized and in good standing under the laws of the State of Delaware, has the full power and authority to enter into and perform
its obligations under this Agreement, and has obtained the necessary approval. Seller and Stockholders have full legal capacity and authority
to enter into and perform their obligations under this Agreement. Seller and each Stockholder is duly authorized to enter into all other
agreements and instruments contemplated hereby to which such Party is or is intended to be a party.

 

This
Agreement has been duly and validly executed and delivered by Seller and Stockholders and constitutes a valid and binding obligation
of Seller and Stockholders, enforceable against them in accordance with its terms.

 

To
its Knowledge, Seller is duly licensed to conduct the Business.

 

    	6

     

    

 

Neither
the execution nor delivery of this Agreement including all Schedules and Exhibits hereto, nor the performance by Seller of the transactions
contemplated hereby and thereby, conflicts with, or constitutes a material breach of or a default under (i) the Certificate of Incorporation
or Bylaws of Seller; (ii) any applicable law, rule, judgment, order, writ, injunction, or decree of any court, currently in effect; (iii)
any applicable rule or regulation of any administrative agency or other governmental authority currently in effect; or (iv) any agreement,
indenture, contract or instrument to which Seller is a party or by which any of Seller’s assets are bound.

 

No
authorization, consent, approval, license, exemption by, filing or registration with any court or governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, is or will be necessary in connection with the execution, delivery and
performance of this Agreement by Seller

 

Representations
Regarding Acquired Assets.

 

Except
as otherwise specifically provided herein, the Acquired Assets include all of the assets required for, or utilized by Seller in, the
operation of the Business as such Business is conducted as of the Closing. Except as otherwise specifically provided herein, the Acquired
Assets are in good working order and repair and usable in the ordinary course of the Business as such Business is conducted as of the
Closing, except as otherwise indicated in Schedule 5.1.2. Seller is the sole owner of the Acquired Assets. At the Closing,
Seller will transfer good and marketable title to the Acquired Assets to Buyer, free and clear of all liens, claims and encumbrances.
The Acquired Assets are freely transferable by Seller and are not subject to any right of first refusal, right of purchase, or any other
right in favor of a third party.

 

Contracts
Related to Business;

 

Third
Party Consents. Seller is not a party to any written or verbal contracts
or agreements relating to the operation of the Business, except as referenced in Schedule 5.1.3. Seller does not have any
written contract with any suppliers or customers, except as have been delivered to Buyer and are listed on Schedule 5.1.3.
Transfer of the Acquired Assets does not require any consent or agreement by any third party, except as set forth on Schedule 5.1.3.

 

Products
Offered By Business.

 

Seller
has provided Buyer with a listing of all products offered through the Business as of Closing. Seller and Stockholders have not been advised
of any changes in such products, or the terms or prices on which any products sold by the Business are acquired, and are unaware of any
conditions which would impair Buyer’s ability to continue to provide its products in accordance with such arrangements and at such
prices and terms.

 

Accuracy
of Information Provided; Disclosure.

 

The
financial and business data provided to Buyer by Seller and Stockholders are materially complete and accurate. The financial information
provided by Seller, including unaudited financial statements for the period ended December 31, 2021, accurately and materially reflects
the financial position of Seller as of such date and for the period then ended. Seller and Stockholders have provided Buyer with all
of the information that Buyer has requested for the purpose of conducting its due diligence review of the Acquired Assets and the Business.
Notwithstanding the above, Seller and Stockholders make no representation or warranty concerning the BLOCKS tokens, including the impact
of the BLOCKS tokens on the financial condition or liability of the Seller.

 

    	7

     

    

 

Taxes.

 

Seller
has paid all taxes and filed all tax returns required with respect to the Business for all periods as of the Effective Date.

 

Absence
of Certain Changes or Events.

 

Except
as disclosed to Buyer in writing, Seller and Stockholders are not aware of any current or anticipated facts, conditions or events (including,
without limitation, facts regarding product availability or quality, or relationships with customers and vendors) that would be likely
to have a material adverse effect on the Business. There have been no material adverse changes in the Business or the Acquired Assets
since December 31, 2021 (the date of the financial information provided by Seller to Buyer). Since December 31, 2021, the Business has
not been conducted outside the ordinary course.

 

Buyer
Ability to Continue Business.

 

Except
as otherwise set forth in this Agreement, the Exhibits, and the Schedules, Seller and Stockholders are not aware of any conditions or
events which would prohibit Buyer from continuing to operate the Business as presently conducted from and after the Closing, for the
foreseeable future; provided, however, that nothing herein shall constitute or be deemed a representation or warranty regarding the effect
or potential effect of (a) changes or developments generally affecting the industries in which the Business operates, or the economy
or the financial or securities markets, in the United States or globally, (b) the outbreak or escalation of hostilities or any acts of
war, sabotage or terrorism in the United States or any other country or region in the world, or (c) earthquakes, hurricanes, tsunamis,
tornadoes, floods, mudslides, wild fires or other natural disasters or calamities, weather conditions, pandemics or epidemics, and other
force majeure events in the United States or any other country or region in the world.

 

Compliance
with Law.

 

Seller
is in compliance in all material respects with all laws, regulations and orders applicable to the Business. Seller has not received any
notification that it is in violation of such laws, regulations or orders and no such violation exists.

 

Litigation.

 

There
is no legal, administrative, arbitration or other proceeding, claim or action of any nature or investigation pending or, to the Knowledge
of Seller and Stockholders, threatened against or involving Seller, Stockholders or the Acquired Assets or which questions or challenges
the validity of this Agreement or any action taken or to be taken by Seller or Stockholders pursuant to this Agreement or in connection
with the transactions contemplated hereby; and neither Seller nor Stockholders has Knowledge of any valid basis for any such legal, administrative,
arbitration or other proceeding, claim, or action of any nature or investigation.

 

Permits.

 

Except
as otherwise expressly provided in this Agreement and its Exhibits and Schedules, no Permits (as defined below) are required to use and/or
maintain any of the Acquired Assets or to conduct the Business and operations as presently conducted. For purposes of this Agreement,
“Permits” shall mean any and all permits, rights, approvals, licenses, authorizations, accreditations, legal status,
or orders under any legal requirement or otherwise granted by any governmental authority.

 

No
Undisclosed Liabilities.

 

There
are no liabilities of Seller or the Business that affect the Acquired Assets, whether accrued, contingent, absolute, determined, determinable
or otherwise, and to Seller’s and Stockholders’ Knowledge there is no existing condition, situation or set of circumstances
which could reasonably be expected to result in such a liability.

 

    	8

     

    

 

Relationships.

 

To
Seller’s and Stockholders’ Knowledge, none of Seller’s suppliers, customers, clients, employees, independent contractors
or sales representatives have any intention to terminate or modify in a manner adverse to Company any of such relationships. To Seller’s
and Stockholders’ Knowledge, no material adverse change in relations with suppliers, customers, clients, employees, independent
contractors or sales representatives shall occur as a result of the announcement or consummation of the transactions contemplated by
this Agreement.

 

Clients.

 

Except
as has been disclosed to Buyer in writing, no material customer or client of Seller has ceased or materially reduced the services it
purchases from Seller since December 31, 2021, and to Seller’s and Stockholders’ Knowledge, no customer or client has threatened
to cease or materially reduce such services after the date hereof. Except as has been disclosed to Buyer in writing, to Seller’s
and Stockholders’ Knowledge, no such customer or client is threatened with bankruptcy or insolvency.

 

Employees.

 

Except
as has been disclosed to Buyer in writing, the employment of all employees of Seller are terminable at will. To Seller’s Knowledge,
no employee or independent contractor of Seller has any plan to terminate his, her or its employment or relationship with Seller. Except
as has been disclosed to Buyer in writing: (a) Seller is not bound by any collective bargaining agreement or other labor union contract
covering any of its employees, and there exists no organizational effort presently being made or threatened by or on behalf of any labor
union with respect to the employees, and no such efforts have been made within the past three (3) years; (ii) Seller has not and is not
engaged in any unfair labor practice or other unlawful employment practice, and there are no charges of any unfair labor practice or
other unlawful employment practice pending against Seller before the National Labor Relations Board, the Equal Opportunity Commission,
the Occupational Safety and Health Review Commission, the Department of Labor or any other Governmental Authority; and (iii) Seller has
not experienced any strikes, grievances, claims of unfair labor practices, or other collective bargaining disputes or other labor disputes
or controversies and, to Seller’s and Stockholders’ Knowledge, none of the foregoing are threatened. Except as disclosed
in writing to Buyer, there are no outstanding amounts owed to employees or independent contractors of Seller other than salaries and
compensation in the ordinary course of its Business.

 

Contracts.

 

Schedule
5.1.16 lists all material contracts to which Seller is a party or by which Seller, the Business, or any of the Acquired Assets
is bound as of the Closing Date, including any oral contract or contract that is not in writing, true and correct copies of which have
been provided to Buyer prior to the Closing Date (the “Contracts”). Seller has performed all of the material obligations
required to be performed by it and is entitled to all benefits under, and Seller has not received notice of any allegation that Seller
is in default in respect of any Contract. Each of the Contracts is valid and binding and in full force and effect, and there exists no
default or event of default or event, occurrence, condition or act, with respect to Seller, or to Seller’s Knowledge, with respect
to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or condition,
would become a default or event of default under any Contract. Seller has not received written or oral notice of cancellation, modification
or termination of any Contract. To Seller’s Knowledge, none of the parties to any Contract intends to terminate or alter the provisions
thereof by reason of the Buyer’s acquisition of the Acquired Assets. Seller has not waived any right under any Contract, amended
or extended any Contract or failed to renew (or received notice of termination or failure to renew with respect to) any Contract.

 

    	9

     

    

 

Books
and Records.

 

All
books of account and other financial books and records of Seller directly relating to the Business (the “Books and Records”)
are true, correct and complete and have been made available to Buyer. All of the Books and Records have been prepared and maintained
in material compliance with all applicable laws. There are no material inaccuracies or discrepancies contained or reflected in the Books
and Records. The Books and Records fairly and accurately reflect the current financial position of the Business, are not misleading,
and are free from all material errors. Notwithstanding the above, Seller and Stockholders make no representation or warranty concerning
the BLOCKS tokens, including the impact of the BLOCKS tokens on the financial condition or liability of the Seller.

 

Affiliate
Transactions.

 

Except
as has been disclosed to Buyer in Schedule 5.1.18, no affiliate of Seller nor any stockholder, officer, director, partner,
manager, member, or employee of any thereof, is as of the Closing Date a party to any transaction with Seller, including any contract
or arrangement providing for the furnishing of services to or by, providing for rental of real property, tangible personal property or
intellectual property to or from, or otherwise requiring payments to or from Seller, or any affiliate thereof.

 

Privacy.

 

Neither
Seller nor any Stockholder has any Knowledge of any breach by Seller or any of its affiliates of any duty under any applicable law related
to the disclosure or security of personal information provided by any client to Seller. Seller is, and has always been, in material compliance
with each of Seller’s privacy policies and any applicable laws relating to the collection, receipt, use, or storage of the information
of its clients or customers. Seller has commercially reasonable security measures in place to protect the client or customer information
Seller receives through any Seller websites or otherwise or which it stores in its computer systems from illegal use by third parties
or use by third parties in a manner violating the privacy rights of consumers or customers. The execution, delivery, and performance
by Seller of this Agreement will comply with all applicable laws relating to privacy and with Seller’s privacy policies. Seller
has not received any written complaint regarding Seller’s collection, use, or disclosure of personally identifiable information.

 

BLOCKS
Tokens.

 

Neither
Seller nor Stockholder has transferred or otherwise disposed of any BLOCKS tokens from the date of execution of the Term Sheet between
the Parties and the Effective Date.

 

No
Other Representations or Warranties.

 

Except
for the representations and warranties set forth in this Article V (the “Express Warranties”), Buyer acknowledges
and agrees that neither Seller or Stockholders has made or is making any other representation or warranty, written or oral, statutory,
express or implied, at common law, by statute, or otherwise, whatsoever. Other than as set forth in this Article V, Seller and
Stockholders each hereby disclaim and renounce any and all representations and warranties other than the Express Warranties.

 

    	10

     

    

 

Representations
and Warranties of Buyer.

 

ARTICLE
14. Buyer hereby represents and warrants to
Seller that each of the following representations, warranties and statements is true and correct:

 

Organization.

 

Buyer
is a corporation duly organized, validly existing and in good standing under the laws of Delaware; Buyer has full power and authority
to carry on its business as it is now being conducted and to own, lease or operate its properties and assets.

 

Authorization,
Etc.

 

Buyer
has full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby. Buyer has taken all
action required by law, its Certificate of Incorporation, its Bylaws or otherwise to authorize the execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby. This Agreement is a valid and binding obligation of Buyer
enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws relating
to or affecting creditors’ rights, as well as general principles of equity.

 

No
Violation.

 

Neither
the execution and delivery of this Agreement nor its performance and the consummation of the transactions contemplated hereby will (a)
violate any provision of the Certificate of Incorporation or Bylaws of Buyer; (b) violate or be in conflict with, or constitute a default
(or an event which, with or without due notice or lapse of time, or both, would constitute a default) under, or result in the modification
or termination of, or cause or permit the acceleration of the maturity of any debt, obligation, contract or commitment or other agreement
to which Buyer is a party or by which it may be bound; (c) result in the creation or imposition of any mortgage, pledge, lien, security
interest, encumbrance, restriction, charge or limitation of any kind, upon Buyer; or (d) violate any statute or law or any judgment,
decree, order, regulation or rule of any court or governmental authority.

 

Consents
and Approvals of Government Authorities.

 

No
consent, approval or authorization of, or declaration, filing or registration with, any governmental or regulatory authority is required
in connection with the execution, delivery and performance of this Agreement by Buyer or the consummation of the transactions contemplated
thereby, except where such action has been taken prior to the Closing.

 

5.2.5.
Litigation. There is no legal, administrative, arbitration or other proceeding, claim or action of any nature or investigation
pending or, to the knowledge of Buyer, threatened against or involving Buyer or which questions or challenges the validity of this Agreement
or any action taken or to be taken by Buyer pursuant to this Agreement or in connection with the transactions contemplated hereby; and
Buyer has no knowledge of any valid basis for any such legal, administrative, arbitration or other proceeding, claim, or action of any
nature or investigation.

 

5.2.6
Compliance. Buyer is in compliance in all material respects with all requirements of federal and state securities laws as they
pertain to the issuance of the Shares and award of the RSUs pursuant to this Agreement. Without limitation, all filings required to be
made under applicable securities laws with regard to the issuance of the Shares and award of the RSUs have been made or shall be made
in a timely manner as required under applicable securities laws and the rules and regulations thereunder.

 

    	11

     

    

 

Indemnification

 

Indemnification.

 

ARTICLE
15.

 

Indemnification
by Buyer. Subject to the limitations and other provisions of this Agreement, Buyer agrees to defend, indemnify and hold harmless
Seller and Stockholders (the “Seller Indemnified Parties”), from and against each claim, loss, liability, cost and
expense (including without limitation, interest, penalties, costs of preparation and investigation, and the reasonable fees, disbursements
and expenses of attorneys, accountants and other professional advisors) (collectively “Losses”), directly or indirectly
relating to, resulting from or arising out of any untrue representation, misrepresentation, breach of warranty or non-fulfillment of
any covenant, agreement or other obligation by or of Buyer pursuant to this Agreement or any other transaction document related hereto.

 

Indemnification
by Seller. Subject to the limitations and other provisions of this Agreement, Seller and Stockholders agree to defend, indemnify
and hold harmless Buyer (the “Buyer Indemnified Parties”), from and against all Losses, directly or indirectly relating
to, resulting from or arising out of any untrue representation, misrepresentation, breach of warranty or non-fulfillment of any covenant,
agreement or other obligation by or of Seller and Stockholders pursuant to this Agreement or any other transaction document related hereto.

 

Limitations
on Indemnity.

 

6.1.3.1
Except in the case of fraud as found by a final order of a court of competent jurisdiction, the Indemnifying Party (as defined below)
shall not have any obligation to indemnify the Indemnified Parties pursuant to this Article VI until the aggregate dollar amount of all
Losses that would otherwise be indemnifiable pursuant to this Article VI exceeds $250,000 (the “Deductible”), after
which and subject to the other limitations set forth in this Agreement, the Indemnified Parties shall be entitled only to recover in
excess of the Deductible.

 

6.1.3.2
Except in the case of fraud as found by a final order of a court of competent jurisdiction, Seller and Stockholders shall not have
any obligation to indemnify the Buyer Indemnified Parties pursuant to this Article VI in an amount in excess of the Purchase Price.

 

6.1.3.3
Except in the case of fraud as found by a final order of a court of competent jurisdiction, Buyer shall not have any obligation to
indemnify the Seller Indemnified Parties in excess of an amount equal to twenty percent (20%) multiplied by the value of the Shares on
the issuance date plus twenty percent (20%) multiplied by the value of all vested RSUs on the applicable vesting date.

 

6.1.3.4
Any claim by the Buyer for indemnity pursuant to this Article VI shall first be satisfied by cancelling the Seller’s RSUs in
an amount equal to the indemnity claim. In the event that the Seller has insufficient RSUs to cover the indemnity obligation, Buyer’s
claim for indemnity shall next be satisfied by the redemption of the Shares, including any RSUs of Seller that have vested into shares
of Buyer.

 

    	12

     

    

 

Indemnification
Procedures.

 

ARTICLE
16. Each Party obligated to indemnify the other
Party under this Agreement is referred to as an “Indemnifying Party” and each Party entitled to indemnity under this
Agreement is referred to herein as an “Indemnified Party”). An Indemnified Party shall promptly notify an Indemnifying
Party of any claim, demand, action or proceeding for which indemnification will be sought under Section 6.1 above and, if such claim,
demand, action or proceeding is a third-party claim, demand, action or proceeding, the Indemnifying Party will have the right at its
expense to assume the defense thereof using counsel reasonably acceptable to the Indemnified Party. The Indemnified Party shall have
the right to participate, at its own expense, with respect to any such third-party claim, demand, action or proceeding. In connection
with any such third-party claim, demand, action or proceeding, the Indemnifying Party and Indemnified Party shall cooperate with each
other and provide each other with access to relevant books and records in their possession. No such third-party claim, demand, action
or proceeding shall be settled without the prior written consent of the Indemnified Party. If a firm written offer is made to settle
any such third-party claim, demand, action or proceeding and the Indemnifying Party proposes to accept such settlement and Indemnified
Party refuses to consent to such settlement, then: (a) the Indemnifying Party shall be excused from, and the Indemnified Party shall
be solely responsible for, all further defense of such third-party claim, demand, action or proceeding; and (b) the maximum liability
of the Indemnifying Party relating to such third-party claim, demand, action or proceeding shall be the amount of the proposed settlement
if the amount thereafter recovered from the Indemnified Party on such third-party claim, demand, action or proceeding is greater than
the amount of the proposed settlement. Whether or not an Indemnifying Party shall have assumed the defense of any such third-party claim,
action, demand or proceeding, no Indemnified Party shall admit any liability with respect to, or settle, compromise or discharge, any
such claim, demand, action or proceeding without the Indemnifying Party’s prior written consent, which shall not be unreasonably
withheld. If Buyer is entitled to indemnification as provided herein, Buyer shall be entitled to deduct and offset any Losses incurred
by Buyer against any payments owing to Seller pursuant to Section 2.2 above.

 

Cooperation
of the Parties.

 

ARTICLE
17. The Parties shall cooperate with each other
in the resolution of any claim or liability with respect to which an Indemnifying Party is obligated to indemnify any Indemnified Party
hereunder, including by making commercially reasonable efforts to mitigate or resolve any such claim or liability. In the event that
an Indemnified Party shall fail to make such commercially reasonable efforts to mitigate or resolve any claim or liability, then notwithstanding
anything else to the contrary herein, the Indemnifying Party shall not be required to indemnify any person for any losses that could
reasonably be expected to have been avoided if the Indemnified Party had made such efforts.

 

Termination
of Indemnification Obligations.

 

ARTICLE
18. The indemnification obligations set forth
in this Article VI shall terminate on the date which is three (3) years following the Closing; provided that such obligations shall not
terminate as to any item as to which the Indemnified Party shall have, before the expiration of such three (3) year period, previously
made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) to the Indemnifying Party. All
of the representations and warranties of the parties contained in this Agreement shall survive the Closing for a period of three (3)
years.

 

    	13

     

    

 

Miscellaneous
Provisions

 

Governing
Law, Jurisdiction and Venue.

 

ARTICLE
19. The internal laws of the State of Delaware
will govern the validity of this Agreement, the construction of its terms, and the interpretation and enforcement of the rights and duties
of the Parties hereto. In the event of any claim or dispute arising hereunder, the Parties consent to the exclusive jurisdiction and
venue of the court of San Diego, California.

 

Assignment;
Binding Upon Successors and Assigns.

 

ARTICLE
20. No Party hereto may assign any of its rights
or obligations hereunder without the prior written consent of the other Parties hereto; provided, however, that Buyer may assign its
rights and obligations hereunder to any affiliate or subsidiary without the need to obtain Seller’s consent to such assignment.
This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

Severability.

 

ARTICLE
21. If any provision of this Agreement, or the
application thereof, will for any reason and to any extent be invalid or unenforceable, the remainder of this Agreement will remain in
full force and effect and the application of such provisions to other persons or circumstances will be interpreted so as reasonably to
effect the intent of the Parties hereto. The Parties further agree to replace such void or unenforceable provision of this Agreement
with a valid and enforceable provision that will achieve, to the extent possible, the economic, business and other purposes of the void
or unenforceable provision.

 

Counterparts.

 

ARTICLE
22. This Agreement may be executed by email,
facsimile, and other electronic means, in any number of counterparts, each of which will be an original as regards any Party whose signature
appears thereon and all of which together will constitute one and the same instrument. This Agreement will become binding when one or
more counterparts hereof, individually or taken together, will bear the signatures of each of the Parties reflected hereon as signatories.

 

Amendment
and Waivers.

 

ARTICLE
23. Any term or provision of this Agreement
may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively) only by a writing signed by the Party or Parties to be bound thereby. The waiver by a Party of any breach
hereof or default in the performance hereof will not be deemed to constitute a waiver of any other default or any succeeding breach or
default.

 

Attorneys’
Fees.

 

ARTICLE
24. Should suit be brought to enforce or interpret
any part of this Agreement or any other Agreement referenced herein, the prevailing Party will be entitled to recover, as an element
of the costs of suit and not as damages, reasonable attorneys’ fees to be fixed by the court (including without limitation, costs,
expenses and fees on any appeal).

 

    	14

     

    

 

Notices.

 

ARTICLE
25. Any notice or other communications pursuant
to this Agreement will be in writing and will be deemed given if delivered personally, telecopied, sent by nationally-recognized overnight
courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the Parties at the following addresses
(or at such other address for a Party as will be specified by like notice):

 

If
to Seller:

 

BizSecure
Inc.

Attn:
Alfonso Rodriguez-Arana

270
E. Douglas Ave., #35

El
Cajon, CA 92020

 

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

 

Ferguson
Case Orr Paterson LLP

Attn:
Michael A. Velthoen, Esq.

1150
South Kimball Road

Ventura,
CA 93004

 

If
to Stockholders:

 

270
E. Douglas Ave., #35

El
Cajon, CA 92020

 

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

 

Ferguson
Case Orr Paterson LLP

Attn:
Michael A. Velthoen, Esq.

1150
South Kimball Road

Ventura,
CA 93004

 

If
to Buyer:

 

HUMBL,
Inc.

Attn:
Brian M. Foote

600
B. Street

San
Diego, California 92101

 

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

 

Hansen
Black Anderson Ashcraft PLLC

Attn:
Brian Innes

3051
West Maple Loop Drive, Suite 325

Lehi,
Utah 84043

 

    	15

     

    

 

All
such notices and other communications will be deemed to have been received (a) in the case of personal delivery, on the date of such
delivery, (b) in the case of a telecopy, when the Party receiving such copy will have confirmed receipt of the communication, (c) in
the case of delivery by nationally-recognized courier, on the business day following dispatch by overnight courier service (on the third
business day following dispatch in the case of international deliveries), and (d) in the case of mailing, on the third business day following
such mailing.

 

Construction
of Agreement.

 

ARTICLE
26. This Agreement has been negotiated by the
respective Parties hereto and their attorneys and the language hereof will not be construed for or against either Party. A reference
to a Section or an Exhibit will mean a Section in, or Exhibit to, this Agreement unless otherwise explicitly set forth. The titles and
headings herein are for reference purposes only and will not in any manner limit the construction of this Agreement which will be considered
as a whole.

 

Further
Assurances.

 

ARTICLE
27. Each Party agrees to cooperate fully with
each other Party and to execute such further instruments, documents and agreements and to give such further written assurances as may
be reasonably requested by such other Party to evidence and reflect the transactions described herein and contemplated hereby and to
carry into effect the intents and purposes of this Agreement.

 

Expenses.

 

ARTICLE
28. Each Party shall bear its own expenses incurred
in the preparation of this Agreement and all agreements and transactions contemplated hereby.

 

Entire
Agreement.

 

ARTICLE
29. This Agreement and the Exhibits hereto constitute
the entire understanding and agreement of the Parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous
agreements or understandings, inducements or conditions, express or implied, written or oral, between the parties with respect hereto.
The express terms hereof control and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof.

 

[Remainder
of page intentionally left blank]

 

    	16

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

 

	SELLER:	 	BUYER:
	 	 	 
	BIZSECURE
    INC.	 	HUMBL,
    INC.
	 	 	 	 	 
	By:	 	 	By:	 
	 	Alfonso
    Rodriguez-Arana, CEO	 	 	Brian
    Foote, President and CEO
	 	 	 	 	 
	STOCKHOLDERS:	 	 	 
	 	 	 	 
	 	 	 	 
	Alfonso
    Arana	 	 	 
	 	 	 	 
	 	 	 	 
	Alfonso
    Rodriguez-Arana	 	 	 
	 	 	 	 
	 	 	 	 
	Clement
    Danish	 	 	 

 

[Signature
Page to Asset Purchase Agreement]

 

    	 

     

    

 

EXHIBIT
A

 

LIST
OF ASSETS TO BE ACQUIRED BY BUYER

 

The
Acquired Assets to be transferred by Seller to Buyer at the Closing are to include the following assets used in the operation of the
Business:

 

All
trade names, trademarks and logos used in or associated with the Business, including the names “BizSecure” and all intellectual
property rights with respect thereto.

 

The
Self Sovereign Identity Wallet including all aspects of the BizSecure digital wallet. This SSI platform was built on open standards with
some components being open source to ensure adoption and compliance with local and federal government authorities.

 

The
front end, backend, and all digital files to include Figma and White Papers.

 

All
technology, specification sheets, product design information, code, algorithms, website design and other intellectual property and intangibles
relating to the Business.

 

All
books and records relating to the Business, except for Seller’s organizational documents.

 

All
customer and client lists, records and databases relating to the Business, and all vendor and supplier lists, records and databases,
including the terms on which business has been conducted with such customers, vendors and suppliers.

 

All
goodwill associated with the Business.

 

All
rights to any websites relating to the Business.

 

All
Contracts between Seller and any of its customers or clients necessary or related to the operation of the Business. Seller will make
reasonable commercial efforts to cause the Dexter Air Force contract to be novated to Buyer promptly after Closing. As a prerequisite
to novation, Buyer shall be required to register in the federal government System for Award Management and receive a CAGE Code authorization
from the Defense Logistics Agency. Final novation approval is subject to the United States Air Force at its sole discretion. Closing
shall not be contingent on Air Force approval.

 

    	 

     

    

 

EXHIBIT
B

 

LIST
OF EXCLUDED ASSETS

 

The
Acquired Assets will not include the following items, which will be retained by Seller:

 

1.
All cash of Seller.

 

2.
Accounts Receivable.

 

3.
BLOCKS Tokens.

 

4.
Seller’s business licenses and permits that are non-transferable.

 

5.
Seller’s charters, minute books, stock books, stock ledgers, and tax records.

 

6.
Seller’s checking accounts and bank accounts, including without limitation all accounts of Seller on deposit or held for investment
with any financial institution.

 

7.
Tax refunds or credits to the extent attributable to the ownership or operation of the Business or the Acquired Assets prior to Closing.

 

8.
Rights, claims or causes of action against third persons to the extent arising in connection with the discharge by Seller of the Excluded
Liabilities.

 

9.
All records and documents to the extent relating to the Excluded Assets or Excluded Liabilities (provided that Buyer shall have access
to those records and documents as provided elsewhere in this Agreement).

 

10.
Seller’s rights under this Agreement and the other agreements and instruments executed and delivered by Seller in connection with
this Agreement and the transactions contemplated therein.

 

11.
Seller shall retain all right, title, and interest in and to any and all electronic mail (including attachments) stored on the Seller’s
servers included as Acquired Assets prior to the Closing (“the Retained Email”). Buyer acknowledges and agrees that
Seller will remove and delete the Retained Email from Seller’s servers included as Acquired Assets prior to the Closing, and will
store and archive the Retained Email on a separate server or servers owned and maintained by Seller. Buyer agrees to make no attempt
to restore or recover the Retained Email from any servers included as Acquired Assets under this Agreement. As soon as reasonably possible
after request by Buyer, Seller shall make available to Buyer any Retained Email that is reasonably related to the operation of Buyer’s
business; provided, however, that Buyer shall not be entitled to any email that is protected by the attorney-client privilege, discusses
the negotiation or drafting of this Agreement, or contains personal or private information of Seller or Seller’s shareholders,
officers, or employees.

 

    	 

     

    

 

EXHIBIT
C

 

FORM
OF

 

BILL
OF SALE

 

[attached]

 

    	 

     

    

 

BILL
OF SALE

 

Pursuant
to the terms of that certain Asset Purchase Agreement entered into by and among BizSecure Inc., a Delaware corporation (“Seller”),
Alfonso Arana, an individual (“Arana Sr.”) Alfonso Rodriguez-Arana, an individual (“Arana Jr.”),
Clement Danish, an individual (“Danish,” and together with Arana Sr. and Arana Jr., the “Stockholders”),
and HUMBL, Inc., a Delaware corporation (“Buyer”), dated as of February __, 2022 (the “Purchase Agreement”),
and for the consideration specified therein, Seller does hereby grant, bargain, transfer, sell, assign, convey and deliver to Buyer),
all of the Acquired Assets as defined in the Purchase Agreement, and all of Seller’s rights, title and interests with respect thereto,
including, without limitation, those items referenced in Exhibit A attached to the Purchase Agreement.

 

Seller
and Stockholders hereby warrant that Seller is the sole legal owner of the Acquired Assets and that the Acquired Assets are free from
all liens, claims and encumbrances. Seller and Stockholders warrant and agree to defend Buyer’s title to the Acquired Assets against
the claims and demands of all persons. Seller and Stockholders make the additional representations and warranties with respect to the
Acquired Assets as set forth in the Purchase Agreement. Seller and Stockholders, for themselves and their successors and assigns, hereby
covenant and agree that, at any time and from time to time forthwith upon the written request of Buyer, Seller and Stockholders will
do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered, each and all of such further acts, deeds,
assignments, transfers, conveyances, powers of attorney and assurances as may reasonably be required by Buyer in order to assign, transfer,
set over, convey, assure and confirm unto and vest in Buyer, its successors and assigns, title to the Acquired Assets sold, conveyed,
transferred and delivered by this Bill of Sale.

 

This
Bill of Sale may be executed in one or more counterparts (and by different parties or separate counterparts), each of which shall be
deemed an original and all of which, when taken together, shall constitute one instrument. Digital copies of counterpart signature pages
will be conclusive evidence of execution.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

Effective
as of the date first set forth above.

 

	 	SELLER:
	 	 
	 	BIZSECURE
    INC.
	 	 	 
	 	By:	 
	 	 	Alfonso
    Rodriguez-Arana, CEO
	 	 	 
	 	STOCKHOLDERS:
	 	 	 
	 	 
	 	Alfonso
    Arana
	 	 
	 	 
	 	Alfonso
    Rodriguez-Arana
	 	 
	 	 
	 	Clement
    Danish
	 	 	 
	 	Accepted:
	 	 
	 	BUYER:
	 	 
	 	HUMBL,
    INC.
	 	 	 
	 	By:	
	 	 	Brian Foote, President
    and CEO

 

    	 

     

    

 

EXHIBIT
D

 

EMPLOYMENT
AGREEMENTS

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