Document:

Exhibit
10.58a

 

OMNIBUS
WAIVER AND ACKNOWLEDGEMENT AGREEMENT

 

This
Omnibus Waiver And Acknowledgement Agreement (this “Agreement”) is entered into as of February 7, 2020 (the
“Effective Date”), by and among Verb Technology Company, Inc., a Nevada corporation (the “Company”),
and the parties signatory hereto (each, an “Investor”; and, collectively, the “Investors”).

 

WHEREAS,
effective as of August 14, 2019, the Company and each of the Investors entered into that certain Securities Purchase Agreement
(the “SPA”);

 

WHEREAS,
Section 4.12(a) of the SPA provides in pertinent part “[f]rom the date hereof until the date that is the 24-month anniversary
of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents
for cash consideration, Indebtedness, or a combination of units thereof (a “Subsequent Financing”), each Purchaser
shall have the right to participate, on a pro-rata basis, in up to an amount of the Subsequent Financing equal to fifty percent
(50%) of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for
in the Subsequent Financing” (the “Future Participation Right”);

 

WHEREAS,
in connection with the SPA, the Company sold and issued to each of the signatories thereto shares of the Company’s Series
A Convertible Preferred Stock, par value $.0001 per share (the “Series A Pref”);

 

WHEREAS,
Section 7(b) of the Certificate of Designation of Rights, Preferences, and Restrictions of the Series A Pref (the “Series
A Pref Designation”) provides, “[i]f, at any time while this Preferred Stock is outstanding, the Corporation or
any Subsidiary, as applicable, shall sell or grant any option to purchase or sells or grants any right to reprice, or otherwise
disposes of or issues (or announce any sale, grant, or any option to purchase or other disposition) any Common Stock or Common
Stock Equivalents entitling any Person to acquire shares of Common Stock at an effective price per share that is lower than the
then-Conversion Price (such lower price, the “Base Conversion Price”; and such issuances, collectively, a “Dilutive
Issuance”) . . . , then, simultaneously with the consummation (or, if earlier, the announcement) of each Dilutive Issuance,
the Conversion Price shall be reduced to equal the Base Conversion Price (the “Series A Pref Base Conversion Price Protection”);

 

WHEREAS,
as of the Effective Date, certain of the Investors have converted their respective shares of Series A Pref into shares of the
Company’s common stock, par value $.0001 per share (the “Common Stock”) (the Investors who have not so
converted their shares of Series A Pref into shares of Common Stock are referred to herein as the “Current Series A Pref
Holders”);

 

WHEREAS,
in connection with the SPA, the Company sold and granted to each of the Investors certain Common Stock Purchase Warrants, exercisable
for the purchase of shares of Common Stock in accordance with the provisions thereof (the “Original Warrants”);

 

WHEREAS,
Section 3(b) of each of the Original Warrants provides, “[i]f the Company or any Subsidiary thereof, as applicable, at any
time while this Warrant is outstanding, shall sell or grant any option to purchase, or sell or grant any right to reprice, or
otherwise dispose of or issue (or announce any offer, sale, grant, or any option to purchase or other disposition) any Common
Stock or Common Stock Equivalents, at an effective price per share less than the Exercise Price then in effect (such lower price,
the “Base Share Price”; and such issuances, collectively, a “Dilutive Issuance”) . . ., then, simultaneously
with the consummation (or, if earlier, the announcement) of each Dilutive Issuance, the Exercise Price shall be reduced and only
reduced to equal the Base Share Price . . .” (the “Original Warrants Base Share Price Protection”);

 

    	 	1	 

    	 

    

 

WHEREAS,
the Company is proposing to sell up to 5,000,000 shares of its unregistered restricted Common Stock to one or more otherwise unaffiliated
third parties at a per-share price of $1.20, in one or more closings (the “2020 Offering”);

 

WHEREAS,
in connection with the 2020 Offering, the Company has requested that each of the Investors waive his or its respective Future
Participation Right solely with respect to the 2020 Offering and each of the Investors has so agreed (the “2020 FPA Waiver”);

 

WHEREAS,
in connection with the 2020 FPA Waiver, the Company has requested that each of the Current Series A Pref Holders waive his or
its entitlement to the Series A Pref Base Conversion Price Protection solely with respect to the 2020 Offering and each of the
undersigned Preferred Current Series A Pref Holders has so agreed (the “2020 Series A Pref Waiver”; and, collectively
with the 2020 FPA Waiver, the “2020 Waivers”);

 

WHEREAS,
in connection with the 2020 Waivers, the Company has acknowledged that the Base Share Price (as defined in the Original Warrants)
of the Original Warrants has been reduced from $1.88 per share to $1.20 per share (the “Original Warrant Reduced Exercise
Price”);

 

WHEREAS,
in connection with the 2020 Waivers, the Company has agreed to grant to each Investor a Common Stock Purchase Warrant substantially
equivalent to the Original Warrants in the form attached hereto as Exhibit A, with the exception that the per-share exercise
price of the newly granted Common Stock Purchase Warrants is $1.55 (the “2020 Warrants”).

 

NOW,
THEREFORE, in consideration of these presents and for such other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Company and each of the Investors, in the capacities set forth in their respective signature
blocks, intending to be legally bound hereby, agree as follows:

 

1. 2020
FPA Waiver and Acknowledgement. Solely in connection with, and contemporaneously with each closing of, the 2020 Offering,
the undersigned Investor hereby waives his or its respective Future Participation Right solely with respect to the 2020 Offering.
The Company acknowledges and agrees that this 2020 FPA Waiver, is a one-time waiver of the Investor’s Future Participation
Right and shall not apply to any event wherein the Investor has a Future Participation Right (including, without limitation, any
Subsequent Financing (as defined in the SPA)) other than to the 2020 Offering.

 

2. Waiver
of Series A Pref Base Conversion Price Protection. Solely in connection with, and contemporaneously with each closing of,
the 2020 Offering, the undersigned Investor hereby waives his or its respective entitlement to the Series A Pref Base Conversion
Price Protection. The Company acknowledges and agrees that this Waiver of Series A Pref Base Conversion Price Protection is a
one-time waiver of the Series A Pref Base Conversion Price Protection and shall not apply to any event wherein the Investor has
Series A Pref Base Conversion Price Protection (including, without limitation, any Dilutive Issuance (as defined in the Series
A Pref Designation)) other than to the 2020 Offering.

 

3. Acknowledgement
of Original Warrants Reduced Exercise Price. Each of the Company and the undersigned Investor hereby acknowledges and agrees
that, upon the Company’s execution of definitive documentation with respect to the 2020 Offering, in accordance with the
Original Warrants Base Share Price Protection, the Base Share Price (as defined in the Original Warrants) of the Original Warrants
shall automatically be reduced from $1.88 per share to $1.20 per share (the “Original Warrants Exercise Price Reduction”).

 

    	 	2	 

    	 

    

 

4. Issuance
of 2020 Warrants. Pursuant to Section 4(a)(2) of the Securities Act, and Rule 506 promulgated thereunder, for good and valuable
consideration, the Company hereby agrees to issue, in accordance with this Section 4, to the undersigned Investor (if a Current
Series A Pref Holder) the 2020 Warrants, exercisable for that number of shares of Common Stock equivalent to the number of shares
of Common Stock exercisable by such Investor pursuant to the provisions of such Investor’s Original Warrants. The 2020 Warrants
shall be unconditionally issued to the undersigned Investors, without the payment by the Investor of any cash consideration, upon
execution of this Agreement for the purchase of that number of shares of Common Stock (i) as set forth in Schedule A hereto
(with an issue date of February 7, 2020) and (ii) as set forth in Schedule B hereto (with an issue date as of the initial
closing of the 2020 Offering, but, under no circumstances, not later than February 25, 2020). The Company shall deliver the 2020
Warrants to the Investor, in each case, promptly following the issuance thereof to such address as set forth on the books and
records of the Company (or such other address as the Investor may designate to the Company on or prior thereto).

 

 5. Miscellaneous Provisions.

 

5.1 Conditions;
Standstill; Form 8-K. The 2020 Waivers shall not be effective unless and until the Company has received executed copies of
this Agreement from Current Series A Pref Holders who own a majority of the outstanding Series A Pref, including an executed copy
from each “Required Purchaser” (as that term is defined in the SPA). Further, the 2020 Offering must have a final
closing not later than the close of business on March 31, 2020. Upon the Company receiving such executed copies, then all Current
Series A Pref Holders shall be deemed to have executed this Agreement, shall be entitled to the benefits and burdens of this Agreement,
and none of the “Purchasers” (as that term is defined in the SPA) shall be deemed to be disproportionately impacted
by the provisions hereof. The final material terms and conditions of the 2020 Offering are set forth in Section 5.13 below. The
Company acknowledges and agrees that such terms and conditions shall not be modified, supplemented, or amended and, in the event
that such terms and conditions are modified, supplemented, or amended, the 2020 Waivers shall automatically be deemed null and
void. Notwithstanding anything to the contrary contained in this Agreement or in any agreement referenced herein, each undersigned
Investor (if a Current Series A Pref Holder) agrees that, from and after the date of this Agreement through and including the
earlier of (i) the initial closing of the 2020 Offering, or (ii) the close of business on February 25, 2020, he or it will neither
convert any of such Investor’s shares of Series A Pref nor sell, assign, transfer, hypothecate, pledge, give, or otherwise
obtain any value from any of such Investor’s shares of Series A Pref or any shares of Common Stock; provided, however,
that such limitations shall not modify or limit in any way any rights to which such Investors are otherwise entitled pursuant
to the terms and conditions of the Series A Pref Designation, the SPA, the Original Warrants, or any transaction, agreement, or
document affecting the rights of holders of Common Stock generally. Upon the earlier of (i) 9:01 a.m. (New York City time) on
the Trading Day immediately following the date of the initial closing of the 2020 Offering, or (ii) February 25, 2020, the Company
shall file a Current Report on Form 8-K (the “8-K”) with the Securities and Exchange Commission, which shall
(i) disclose and describe the terms and conditions of this Agreement, (ii) file as an exhibit the form of 2020 Warrants and disclose
and describe the terms thereof, (iii) disclose and describe the terms of the 2020 Offering, and (iv) file as an exhibit(s) to
the 8-K the form of transaction document(s) for the 2020 Offering, if applicable, as executed by the investing parties in the
2020 Offering or in connection therewith. From and after the issuance of such 8-K, the Company represents to the Investor that
it shall have publicly disclosed all material, non-public information delivered to the Investor by the Company or any of its Subsidiaries,
or any of their respective officers, directors, employees, or agents in connection with the transactions contemplated hereby and
with respect to the 2020 Offering. In addition, effective upon the issuance of such 8-K, the Company acknowledges and agrees that
any and all confidentiality or similar obligations under any agreement in respect of the transactions contemplated hereby and
with respect to the 2020 Offering, whether written or oral, between the Company, any of its Subsidiaries, or any of their respective
officers, directors, agents, employees, or Affiliates, on the one hand, and the Investor or any of its Affiliates, on the other
hand, shall terminate. Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Investor, or include
the name of the Investor in any filing with the Commission or any regulatory agency or Trading Market, without the prior written
consent of the Investor, except (a) as required by federal securities law in connection with (i) any registration statement in
which the Company is registering the resale of securities of the Company issued to the Investor (or issuable upon exercise or
conversion of securities issued to the Investor) and (ii) the filing of this Agreement with the Commission and (b) to the extent
such disclosure is required by law or Trading Market regulations, in which case the Company shall provide the Investor with prior
notice of such disclosure permitted under this clause (b).

 

    	 	3	 

    	 

    

 

5.2 Entire
Agreement. This Agreement and the 2020 Warrants 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 this Agreement and 2020 Warrants.

 

5.3 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 time of transmission, if such notice or communication is delivered
via facsimile at the facsimile number or e-mail attachment at the e-mail 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” (as that term is defined in the SPA), (b)
the next Trading Day after the time of transmission, if such notice or communication is delivered via facsimile or e-mail attachment
at the facsimile number or e-mail 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 of each Investor shall be as set forth on the
signature pages attached hereto and of the Company shall be as provided in its most recent filings with the Securities and Exchange
Commission.

 

5.4 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.

 

5.5 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted
assigns.

 

5.6 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 or entity.

 

    	 	4	 

    	 

    

 

5.7 Governing
Law. All questions concerning the construction, validity, enforcement, and interpretation of this Agreement shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, 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 (whether brought against a party hereto or its respective affiliates, directors,
officers, stockholders, partners, members, employees, or agents) shall be commenced exclusively in the state and federal courts
sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any
action or proceeding, any claim to which it is not personally subject under the jurisdiction of any such court, that such action
or proceeding is improper, or that such court 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 this Agreement, then 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.

 

5.8 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 facsimile transmission
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of
the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.

 

5.9 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.

 

5.10 Construction.
The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise this Agreement
and the 2020 Warrants 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 this Agreement and the 2020 Warrants or any amendments thereto.

 

5.11 No
Other Amendments, Supplements, Modifications or Waivers. Nothing contained in this Agreement shall be deemed or construed
to amend, supplement, or modify the SPA, Series A Pref Designation, the Original Warrants or otherwise affect the rights and obligations
of any party thereto, all of which remain in full force and effect, subject only to this Agreement. For the avoidance of doubt,
(i) other than with respect to the 2020 Offering, the 2020 Waivers do not apply to any other Subsequent Financing (as defined
in the SPA) or any other Dilutive Issuance (as defined in the Series A Pref Designation), and (ii) except with respect to the
2020 Waivers, this Agreement shall not be deemed or construed to be a waiver of any of the undersigned Investors’ rights
under the SPA, Series A Pref Designation, or the Original Warrants.

 

    	 	5	 

    	 

    

 

5.12 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.

 

5.13 Final,
Material Terms and Conditions With Respect To the 2020 Offering. The Company intends to sell and issue shares of its Common
Stock in a private placement to one or more otherwise unaffiliated third-party investors (the “2020 Offering Investors”)
at a per-share purchase price of $1.20 per share. The shares of Common Stock sold and issued in the 2020 Offering shall constitute
“restricted securities” (as that term is defined in Rule 144(a)(3)) of the Securities Act of 1933, as amended. The
2020 Offering does not provide any of the 2020 Offering Investors with any registration rights or equivalent rights. The 2020
Offering does not provide any of the 2020 Offering Investors with any warrants, options, convertible rights, or other rights.
The 2020 Offering Investors are being offered a maximum of 5,000,000 shares of Common Stock by the Company (gross proceeds of
up to $6 million) without the requirement of any specific minimum number of shares of Common Stock required to be sold and issued
for any closing of the 2020 Offering.

 

[Signatures
on following pages]

 

*
* *

 

    	 	6	 

    	 

    

 

IN
WITNESS WHEREOF, the Company and each Investor has caused this Omnibus Waiver And Acknowledgement Agreement to be duly executed
by their respective authorized signatories as of the Effective Date.

 

	THE
    “COMPANY”:	 
	 	 	 
	VERB
    TECHNOLOGY COMPANY, INC.	 
	 	 	 
	By:	 	 
	 	Rory
    J. Cutaia, Chief Executive Officer	 
	 	 	 
	“THE
    INVESTORS”:	 
	 	 
	 	 	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title:	 	 

 

	Record and beneficial owner of _____ shares of Series A Pref
	Record
    and beneficial owner of _____ Original Warrants	 
	Record
    and beneficial owner of _____ 2020 Warrants	 
	 	 
	 	 	 
	 	 	 
	By:	      	 
	Name:	 	 
	Title:	 	 
	 	 	 
	Record and beneficial owner of _____ shares of Series A Pref
	Record
    and beneficial owner of _____ Original Warrants	 
	Record
    and beneficial owner of _____ 2020 Warrants	 

 

    	 	7Exhibit
10.59

 

SUBSCRIPTION
AGREEMENT

 

This
agreement may be entered into electronically or physically between you (the “Investor” or “Subscriber”)
and Verb Technology Company, Inc. a Nevada corporation (the “Company”), for a subscription to purchase shares
of common stock of the Company (the “Common Stock”).

 

SECTION
I

 

	1.	Instructions.
    

 

Each
person considering subscribing for the Common Stock should carefully review the information and instructions set out in this Agreement.

 

	2.	Subscription
    Agreement.

 

This
Agreement will be executed upon the Subscriber and us electronically or physically countersigning. An electronic or physical copy
of the Agreement will be made accessible to you. A second copy of the Agreement will be kept by us.

 

THE
PRICE PER SHARE IS US$1.20. INVESTORS SHOULD REFER TO SECTION II PARAGRAPH 2 “ACCEPTANCE OF SUBSCRIPTION AND ISSUANCE OF
COMMON STOCK” FOR A DESCRIPTION OF THE PROCESS BY WHICH THE COMPANY WILL ACCEPT SUBSCRIPTIONS.

 

	3.	Purchase
    of Common Stock. The number of shares of Common Stock purchased under this Agreement, and the total purchase price of
    the Common Stock is specified in the signature page to this Agreement.
	 	 
	4.	Certain
    notices to Investors.

 

THE
COMMON STOCK HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”)
OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THE COMMON STOCK HAS RESTRICTIONS ON TRANSFERABILITY AS DESCRIBED
HEREIN.

 

THE
OFFER OF COMMON STOCK IN THE UNITED STATES IS BEING MADE PURSUANT TO RULE 506(B) OF REGULATION D OF THE SECURITIES ACT AND PARTICIPATION
IN THE OFFERING IS LIMITED TO (I) INSIDE THE UNITED STATES TO “ACCREDITED INVESTORS” (AS DEFINED UNDER THE SECURITIES
ACT, RULE 506 OF REGULATION D) CONSIDERED “A SAFE HARBOR” FOR THE PRIVATE OFFERING EXEMPTION OF SECTION 4(A)(2) OF
THE SECURITIES ACT AS AMENDED AND (II) NON-U.S. PERSONS (AS DEFINED IN SECTION 902 OF REGULATION S UNDER THE SECURITIES ACT) IN
AN OFFSHORE TRANSACTION IN RELIANCE ON REGULATIONS OF THE SECURITIES ACT.

 

    	Page 1 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

THE
COMMON STOCK IS SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE, AND MAY NOT BE TRANSFERRED OR RESOLD, EXCEPT (A) IF THE
HOLDER IS A U.S. PERSON, UNTIL THE DATE PERMITTED BY APPLICABLE FEDERAL, STATE AND FOREIGN SECURITIES LAWS (THE “LOCK-UP
PERIOD”); (B) IF THE HOLDER IS A NON-U.S. PERSON, TO OTHER NON-U.S. PERSONS OUTSIDE THE UNITED STATES IN AN OFFSHORE
TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 UNDER THE SECURITIES ACT AND SUBJECT TO COMPLIANCE WITH APPLICABLE LAWS IN
OTHER JURISDICTIONS AND THAT DOES NOT INVOLVE ANY U.S. PERSONS AS PURCHASERS OR AS ULTIMATE BENEFICIAL OWNERS OF THE COMMON STOCK
(WHETHER DIRECTLY OR INDIRECTLY); OR (C) TO THE COMPANY OR ANY SUBSIDIARY THEREOF AND, IN EACH CASE, AS PERMITTED UNDER APPLICABLE
LAWS AND REGULATIONS OR PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. POST THE LOCK-UP PERIOD NO COMMON STOCK MAY BE SOLD,
TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF EITHER AN EFFECTIVE REGISTRATION STATEMENT COVERING THE COMMON
STOCK UNDER THE ACT, AND RELEVANT STATE SECURITIES LAWS, OR AN ACCEPTABLE OPINION OF LEGAL COUNSEL THAT REGISTRATION IS NOT REQUIRED
UNDER THE SECURITIES ACT AND UNDER THE SECURITIES LAWS OF ALL RELEVANT STATES. PERSONS PURCHASING AS NON-U.S. PERSONS WILL BE
ENTITLED TO RESELL THEIR COMMON STOCK TO OTHER NON-U.S. PERSONS IN AN OFFSHORE TRANSACTION (IN COMPLIANCE WITH RULE 903 OR RULE
904 AND ANY APPLICABLE FOREIGN SECURITIES LAWS REQUIREMENTS) AND NOT TO ANY U.S. PERSONS AS PURCHASERS OR AS ULTIMATE BENEFICIAL
OWNERS OF THE COMMON STOCK (WHETHER DIRECTLY OR INDIRECTLY).

 

THE
PURCHASE OF COMMON STOCK INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF LOSS
OF THEIR ENTIRE INVESTMENT.

 

	5.	Price.

 

The
price per shares of Common Stock is US$1.20. Investors whose Common Stock subscriptions have been accepted and payment received,
will receive digital delivery of the Common Stock from the Company’s stock transfer agent.

 

	6.	Payment.
    

 

Payment
shall be made in USD by bank wire transfer.

 

Verb
Technology Company, Inc.

2210
Newport Blvd Ste. 200

Newport
Beach, CA 92663

 

Bank
of America

222
Broadway

New
York, NY 10038

 

Account
Number: 

3251
3664 5292

 

Swift
Code US$ Inbound: 

BOFAUS3N

 

Routing
/ Transit (ABA) Numbers:

Wires:
026009593

 

    	Page 2 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

SECTION
II

 

SUBSCRIPTION
AGREEMENT AND INVESTOR DECLARATION, REPRESENTATIONS AND WARRANTIES

 

	1.	Application
    for Common Stock. The Subscriber (the “Subscriber” or “Purchaser” or “Investor”)
    hereby applies for and agrees to purchase the number of shares of Common Stock indicated in the Subscriber’s signature
    page to this Agreement, at a price of US$1.20 per share. 
	 	 
	2.	Acceptance
    of Subscription and Issuance of Common Stock. It is understood and agreed that the Company shall have the sole right,
    in its complete discretion, to accept or reject this subscription, in whole or in part, for any reason.  Notwithstanding
    anything in this Agreement to the contrary, the Company shall have no obligation to issue any Common Stock to any person,
    who has not provided adequate documentation to verify his/her identification for purposes of compliance with Know Your Customer
    (KYC)/Anti-Money Laundering (AML) laws, or who is a resident of a jurisdiction in which the issuance of Common Stock to him
    or her would constitute a violation of law in that jurisdiction.  
	 	 
	3.	Adoption
    of Company Documents. The Subscriber hereby accepts, adopts, and agrees to be bound by each and every provision contained
    in the Company’s Certificate of Incorporation and other corporate governing documents of the Company.
	 	 
	4.	Representations
    and Warranties of the Company. The Company represents and warrants that:
	 	 	 
	 	(a)	It
    is duly incorporated as a corporation, validly existing and in good standing under the laws of Nevada, with full power and
    authority to conduct its business as it is currently being conducted and to own its assets; and has secured any other authorizations,
    approvals, permits and orders required by law for the operation of business as it is currently being conducted.
	 	 	 
	 	(b)	It
    has duly authorized the issuance and sale of the Common Stock upon the terms of their offer by all requisite corporate action.
	 	 	 
	 	(c)	No
    representation or warranty by the Company in this Agreement, and no statement by an officer of the Company contained in any
    document, certificate or other writing furnished to the Subscriber in connection with the transactions contemplated hereby,
    when taken as a whole, contains any untrue statement of a material fact or omits to state any material fact necessary to make
    statements herein or therein not misleading in light of the circumstances in which they are made.

 

    	Page 3 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

	5.	Representations
    and Warranties of the Subscriber. By executing this Subscription Agreement, the Subscriber represents, warrants and certifies
    that: 
	 	 	 
	 	(a)	The
    Subscriber is purchasing the number of shares of Common Stock set forth in the Subscriber’s signature page to this Agreement,
    at a purchase price of US$1.20 per share. 
	 	 	 
	 	(b)	As
    of the date hereof, the Subscriber has received copies of, or was afforded the opportunity to examine all desired documents,
    books, and records relating to the Company. The Subscriber acknowledges that, as of the date hereof: (i) Subscriber is or
    was aware that the Company is subject to all the risks incident to the creation and development of a new business, (ii) Subscriber
    is or was aware that there are tax and economic variables and risks that could adversely affect investment in the Company,
    (iii) Subscriber, or Subscriber’s business, tax, and legal advisers, if any, have reviewed the documents and information
    relating to an investment in the Company and have advised Subscriber as to the merits and risks of such investment, (iv) Subscriber,
    or Subscriber’s advisers, have had ready access to any and all documents which the Subscriber deems relevant to the
    purchase of the Common Stock and not requested information, oral or written, has been withheld, (v) Subscriber has read and
    understands the risk factors included in, and the other contents of, the Company’s securities filings with the Securities
    & Exchange Commission, including, but not limited to, the Company’s most recent Quarterly Report filed on November
    14, 2019 located at https://www.sec.gov/Archives/edgar/data/1566610/000149315219017511/form10-q.htm, and the Company’s
    Form S-3 filed on September 17, 2019, located at https://www.sec.gov/Archives/edgar/data/1566610/000149315219014191/forms-3.htm,
    (vi) the Company has made available to the Subscriber, during the course of the transaction, the opportunity to ask questions
    of, and receive answers from, the Company or any person acting on its behalf concerning the terms and conditions of the offering
    of the Common Stock and the Company, and to obtain any additional information, to the extent the Company possesses such information
    or can acquire it without unreasonable effort or expense.
	 	 	 
	 	(c)	The
    Subscriber is purchasing the Common Stock in the Subscriber’s own name and for the Subscriber’s own account and
    no other person has any interest in or right with respect to the Common Stock, nor has the Subscriber agreed to give any person
    any such interest or right in the future. 
	 	 	 
	 	(d)	The
    Subscriber is acquiring the Common Stock for investment and not with a view toward resale in connection with any distribution
    of the Common Stock. 
	 	 	 
	 	(e)	Any
    disposition of the Common Stock is subject to transfer restrictions imposed by federal,  state and applicable foreign
    laws, and the Common Stock will be subject to such restrictions against sale. 
	 	 	 
	 	(f)	The
    Subscriber acknowledges that no agency, stock exchange, governmental authority, securities commission, or similar regulatory
    body, has reviewed, endorsed, or made any finding or determination as to the merit for investment in the Common Stock.

 

    	Page 4 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

	 	(g)	Either
    (i) no portion of the assets used by it to purchase or hold the Common Stock constitutes assets of any (a) employee benefit
    plan that is subject to Title I of ERISA, (b) plan, individual retirement account, or other arrangement that is subject to
    Section 4975 of the Code or provisions under any other federal, state, local, non-U.S. or other laws or regulations that are
    similar to such provisions of ERISA or the Code (collectively, “Similar Laws”), or (c) entity whose underlying
    assets are considered to include plan assets” of any such plan, account or arrangement or (ii) the purchase and holding
    of the Common Stock will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section
    4975 of the Code or a similar violation under any applicable Similar Laws.
	 	 	 
	 	(h)	By
    reason of the Subscriber’s business and financial experience, the Subscriber is capable of evaluating the merits and
    risks of this investment and of protecting the Subscriber’s interest in connection with this investment.
	 	 	 
	 	(i)	If
    the Subscriber is an investor in the U.S., the Subscriber is an “accredited investor” under Rule 506(b) of Regulation
    D promulgated under the Securities Act of 1933 (the “Act”).
	 	 	 
	 	(j)	If
    the Subscriber is a person in Canada, the Subscriber is an accredited investor as defined in Section 1.1 of the National Instrument
    45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators and shall comply with all accreditation
    requirements under the Canadian securities laws and regulations.  If the Subscriber is a person not residing in
    the United States or Canada, the Subscriber satisfies the accredited investor or other standards applicable in such jurisdiction
    and shall comply with all accreditation requirements under the applicable foreign securities laws and regulations.
	 	 	 
	 	(k)	Upon
    request, the Subscriber shall provide all information and documentation necessary for the Company to comply with ongoing Anti-Money
    Laundering (“AML”) and Know Your Client (“KYC”) policies. The Company reserves the right
    to reject or cancel a Subscription Agreement if the Company finds that Subscriber has either provided false KYC/AML information
    or documentation, or if the Company finds that Subscriber has violated AML laws in the United States and/or Canada, or the
    jurisdiction within which the Subscriber resides. 
	 	 	 
	 	(l)	He/she
    does not reside in a country in which the Company has explicitly stated it is not making the offer available, such list of
    countries to be updated by the Company from time to time at its sole discretion.
	 	 	 
	 	(m)	He/she
    is in compliance with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
    Terrorism Act of 2001, as amended, and is not on any governmental authority watch list and in compliance with any other AML
    requirements.

 

    	Page 5 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

	 	(n)	The
    Subscriber is not, nor is any person or entity controlling, controlled by or under common control with the Subscriber, acting,
    directly or indirectly:
	 	 	 	 
	 	 	1.	in
    contravention of any applicable laws and regulations, including anti-money laundering regulations or conventions;
	 	 	 	 
	 	 	2.	on
    behalf of terrorist or terrorist organizations, including those persons or entities that are included on the List of Specially
    Designated Nationals and Blocked Persons maintained by the U.S. Treasury Department’s Office of Foreign Assets Control
    (“OFAC”) or on any lists or resolutions issued by the United Nations (whether through the Security Council
    or otherwise) pursuant to which dealings with persons specified therein are prohibited, restricted or discouraged, as such
    lists may be amended from time to time;
	 	 	 	 
	 	 	3.	for
    a senior foreign political figure, any member of a senior foreign political figure’s immediate family or any close associate
    of a senior foreign political figure unless the board of directors of the Company, after being specifically notified by the
    Subscriber in writing that it is such a person, conducts further due diligence and determines that the Subscriber shall be
    permitted to enter into this Agreement; or
	 	 	 	 
	 	 	4.	as
    trustee, agent, representative or nominee for a foreign shell bank.
	 	 	 	 
	 	(o)	If
    Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended),
    Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection
    with any invitation to subscribe for the Common Stock or any use of this Subscription Agreement, including (i) the legal requirements
    within its jurisdiction for the purchase of the Common Stock, (ii) any foreign exchange restrictions applicable to such purchase,
    (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences,
    if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Common Stock. Subscriber’s
    subscription and payment for and continued beneficial ownership of the Common Stock will not violate any applicable securities
    or other laws of the Subscriber’s jurisdiction.
	 	 	 
	 	(p)	The
    Social Security Number (SSN) or Tax Identification Number (TIN) of the Subscriber set forth is true, accurate, and complete.
    The Subscriber understands and agrees that there may be material tax consequences to it of an acquisition, holding, or disposition
    of the Common Stock. The Company gives no opinion and makes no representations with respect to the tax consequences under
    U.S., state, local, or foreign tax law of the acquisition, holding, or disposition of the Common Stock, and the Subscriber
    acknowledges that it is solely responsible for determining the tax consequences of its investment. 
	 	 	 
	 	(q)	In
    reaching the decision to purchase the Common Stock, the Subscriber has carefully evaluated his/her financial resources and
    investment position and the risk associated with this investment. Subscriber acknowledges he/she is able to bear the economic
    risk of this investment. 

 

    	Page 6 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

	 	(r)	By
    electing to participate in this investment, the Subscriber realizes that the Subscriber may lose his/her entire investment.
    The Subscriber further acknowledges that his/her financial condition is such that the Subscriber is not under any present
    necessity or constraint to dispose of the Common Stock to satisfy any existing or contemplated debt or undertaking. 
	 	 	 
	 	(s)	The
    Subscriber acknowledges that all decisions regarding the management of the Company will be made by the officers of Company,
    and that the Subscriber will have no opportunity to have any input on management decisions.
	 	 	 
	 	(t)	The
    Company, including its agents and partners, has not made any other representations or warranties to the Subscriber, or rendered
    any investment or tax advice except as specifically contained herein. 
	 	 	 
	 	(u)	The
    Subscriber has the legal capacity and competence to enter into and execute this Subscription Agreement and to take all actions
    required pursuant hereto.
	 	 	 
	 	(v)	The
    Subscriber acknowledges that the Company and others will rely upon the truth and accuracy of the foregoing acknowledgments,
    representations and agreements and agrees that if any of the acknowledgments, representations, or agreements deemed to have
    been made by it are no longer accurate, it shall promptly notify the Company in writing. 
	 	 	 
	 	(w)	The
    Subscriber has reviewed, understands and agrees to comply with the investor notices set forth on Exhibit A hereto.

 

	6.	Indemnification.
    The Subscriber agrees to indemnify and hold harmless the Company, its agents, and partners, against any damage, loss, expense,
    or cost, including reasonable attorneys’ fees, sustained as a result of any misstatement or omission on the Subscriber’s
    part.
	 	 
	7.	Obligations
    Irrevocable. The obligations of the Subscriber hereunder shall be irrevocable, except with the written consent of the
    Company.
	 	 
	8.	Rejection
    of Subscription: The Company reserves the right to reject any subscription in whole or in part, in the Company sole
    discretion. Subscriptions need not be accepted in the order received, although the Common Stock may be allocated among
    investors who subscribed early in the offering and for significant sums.

 

    	Page 7 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

	9.	Waiver,
    Amendment. Neither this Agreement nor any provisions hereof shall be modified, changed, discharged, or terminated except
    by an instrument in writing, signed by the party against whom any waiver, change, discharge, or termination is sought.
	 	 
	10.	Assignability.
    Neither this Agreement nor any right, remedy, obligation, or liability arising hereunder or by reason hereof shall be assignable
    by the Subscriber without the prior written consent of the Company.
	 	 
	11.	Applicable
    Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada,
    United States.  The parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the State of
    California and the Federal courts of the United States of America located in Orange County, California for purposes of any
    suit, action or other proceeding arising from this Agreement and the transactions contemplated hereby, and hereby waive, and
    agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or thereof,
    that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in such courts
    or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by
    such courts.  Each of the parties hereby consent to and grant any such court jurisdiction over the person of such
    parties and over the subject matter of any such dispute.  In the event any legal or equitable proceeding is brought
    by either party to enforce against the other party any of the terms or conditions of this Agreement, the prevailing party
    shall be entitled to recover from the other party its reasonable costs and expenses, including without limitation reasonable
    attorneys’ fees, costs of defense and expenses paid or actually incurred in good faith.  
	 	 
	12.	Section
    and Other Headings. The section and other headings contained in this Agreement are for reference purposes only and shall
    not affect the meaning or interpretation of this Agreement.
	 	 
	13.	Counterparts.
    This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed
    to be an original and all of which together shall be deemed to be one and the same agreement.
	 	 
	14.	Notices.
    All notices and other communications provided for herein shall be in writing and shall be deemed to have been duly given if
    delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid, or by electronic
    mail: 

 

If
to the Company, to the following address:

 

VERB
TECHNOLOGY COMPANY, INC.

Attn:
Rory J. Cutaia

2210
Newport Blvd, Ste. 200

Newport
Beach, CA 92663

 

    	Page 8 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

If
to the Subscriber, to the most recent physical or electronic mail address set forth in the Company’s books and records.

 

	15.	Binding
    Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their
    respective heirs, legal representatives, successors, and assigns.
	 	 
	16.	Survival.
    All representations, warranties, and covenants contained in this Agreement shall survive (i) the acceptance of the subscription
    by the Company, (ii) changes in the transactions, documents, and instruments which are not material or which are to the benefit
    of the Subscriber, and (iii) the death or disability of the Subscriber.
	 	 
	17.	Notification
    of Changes. The Subscriber hereby covenants and agrees to notify the Company upon the occurrence of any event prior to
    the closing of the purchase of the Common Stock pursuant to this Agreement which would cause any representation, warranty,
    or covenant of the Subscriber contained in this Agreement to be false or incorrect.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	Page 9 of 9

 
Verb Technology Company, Inc. – Subscription Agreement
 

    	 

    

 

VERB
TECHNOLOGY COMPANY, INC.

 

SUBSCRIPTION
AGREEMENT SIGNATURE PAGE

 

The
undersigned, desiring to purchase Common Stock of Verb Technology Company, Inc., by executing this signature page, hereby executes,
adopts and agrees to all terms, conditions and representations of the Subscription Agreement.

 

	 	a.	(The
    number of shares of Common Stock the undersigned hereby irrevocably subscribes for is:	 	______________
	 	 	 	 	(print
    number of Securities)
	 	 	 	 	 
	 	b.	(The
    aggregate purchase price (based on a purchase price of US$1.20 per share) for the Common Stock the undersigned hereby irrevocably
    subscribes for is:	 	$_____________
	 	 	 	 	(print
    aggregate purchase price)
	 	 	 	 	 
	 	c.	The
    Common Stock being subscribed for will be owned by, and should be recorded on the Company’s books as held in the name
    of:	 	 

 

_________________________________

(Print
Name of Owners or Co-Owners)

 

Address:
__________________________

 

__________________________

 

Email:
____________________________

 

SSN/EIN:
__________________________

 

    	 

    	 

    

 

EXHIBIT
A

 

INVESTOR
NOTICES

 

THE
COMMON STOCK (THE “SECURITIES”) OF VERB TECHNOLOGY COMPANY, INC., A NEVADA CORPORATION (THE “COMPANY”)
OFFERED THROUGH THE SUBSCRIPTION AGREEMENT TO WHICH THIS NOTICE IS ATTACHED (THIS “OFFERING”) IS A SPECULATIVE
INVESTMENT AND THIS OFFERING INVOLVES SUBSTANTIAL RISKS TO INVESTORS, INCLUDING THE RISK THAT INVESTORS MIGHT LOSE THEIR ENTIRE
INVESTMENT IN THE COMPANY. THERE ARE SEVERE RESTRICTIONS ON TRANSFERS OF THE SECURITIES OFFERED IN THIS OFFERING AND THERE IS
NO LIQUIDITY IN THIS INVESTMENT. THE SECURITIES OFFERED IN THIS OFFERING MAY BE OFFERED AND SOLD ONLY TO ACCREDITED INVESTORS.

 

THE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH
LAWS. THE SECURITIES MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED (A) UNDER SUCH ACT AND SUCH LAWS PURSUANT TO REGISTRATION
OR EXEMPTION THEREFROM AND (B) BY THE TERMS CONTAINED IN THE OFFERING DOCUMENTS FOR THIS OFFERING, INCLUDING, BUT NOT LIMITED
TO, THE SUBSCRIPTION AGREEMENT TO WHICH THIS NOTICE IS ATTACHED (COLLECTIVELY, THE “OFFERING DOCUMENTS”).

 

THE
OFFERING DOCUMENTS DO NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES (NOR SHALL THERE
BE ANY SALE OF ANY SUCH SECURITIES) IN ANY STATE OR FOREIGN JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

 

THE
RECIPIENT OF THE OFFERING DOCUMENTS MAY NOT SOLICIT, DIRECTLY OR INDIRECTLY (WHETHER THROUGH AN AGENT OR OTHERWISE), THE PARTICIPATION
OF ANOTHER PROSPECTIVE INVESTOR OR DELIVER THE OFFERING DOCUMENTS OR ANY REPRODUCTION OF THE OFFERING DOCUMENTS, IN WHOLE OR IN
PART, TO ANY OTHER PERSON (OTHER THAN HIS AGENTS AND AFFILIATES) WITHOUT THE PRIOR WRITTEN APPROVAL OF THE COMPANY. THE OFFERING
DOCUMENTS CONTAIN ALL OF THE REPRESENTATIONS BY THE COMPANY CONCERNING THIS OFFERING AND NO PERSON SHALL MAKE DIFFERENT OR BROADER
STATEMENTS THAN THOSE CONTAINED HEREIN. PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO RELY UPON ANY INFORMATION NOT EXPRESSLY SET
FORTH IN THE OFFERING DOCUMENTS.

 

NEITHER
THE DELIVERY OF THE OFFERING DOCUMENTS NOR ANY SALE MADE HEREUNDER SHALL, UNDER ANY CIRCUMSTANCE, CREATE ANY IMPLICATION THAT
THERE HAS NOT BEEN A CHANGE IN THE AFFAIRS OF THE COMPANY AS REPRESENTED IN THE COMPANY’S RECENT SECURITIES FILINGS WITH
THE SECURITIES & EXCHANGE COMMISSION (THE “SEC FILINGS”). THE OFFERING DOCUMENTS SUPERSEDE ALL WRITTEN
AND/OR ORAL INFORMATION, IF ANY, RECEIVED BY THE PROSPECTIVE INVESTOR BEFORE THE DATE HEREOF. TO THE EXTENT THAT ANY INFORMATION
SET FORTH IN THE OFFERING DOCUMENTS OR ANY SUPPLEMENT THERETO SHALL BE INCONSISTENT WITH SUCH PREVIOUSLY RECEIVED INFORMATION,
THE OFFERING DOCUMENTS, ITS SUPPLEMENTS AND RELATED DOCUMENTS SHALL GOVERN.

 

    	 

    	 

    

 

IN
MAKING AN INVESTMENT DECISION, PROSPECTIVE INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY, THE SEC FILINGS, AND THE
TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. PROSPECTIVE INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THE
OFFERING DOCUMENTS, THE SEC FILINGS OR ANY PRIOR OR SUBSEQUENT COMMUNICATION FROM THE COMPANY OR ANY OTHER PARTY AS LEGAL, BUSINESS
OR TAX ADVICE. EACH PROSPECTIVE INVESTOR SHOULD CONSULT HIS, HER OR ITS OWN ATTORNEY, BUSINESS ADVISOR AND TAX ADVISOR AS TO LEGAL,
BUSINESS, TAX AND RELATED MATTERS CONCERNING THIS OFFERING.

 

THIS
OFFERING WILL TERMINATE ON THE EARLIER OF THE DATE ON WHICH SUBSCRIPTIONS FOR ALL THE SECURITIES OFFERED IN THIS OFFERING HAVE
BEEN ACCEPTED OR MARCH 31, 2020; PROVIDED, HOWEVER, THE COMPANY MAY, IN ITS SOLE DISCRETION EXTEND THIS OFFERING. THE COMPANY
RESERVES THE RIGHT TO WITHDRAW OR MODIFY THIS OFFERING AT ANY TIME PRIOR TO ACCEPTANCE BY THE COMPANY OF SUBSCRIPTIONS TO PURCHASE
ALL THE SECURITIES OFFERED IN THIS OFFERING. THE COMPANY, IN ITS SOLE DISCRETION, MAY ACCEPT OR REJECT SUBSCRIPTIONS FOR ANY OR
NO REASON.

 

PRIOR
TO THE CONSUMMATION OF A SALE OF ANY OF THE SECURITIES OFFERED IN THIS OFFERING, THE COMPANY WILL MAKE AVAILABLE TO ANY PROSPECTIVE
INVESTOR THE OPPORTUNITY TO ASK QUESTIONS OF, AND RECEIVE ANSWERS FROM, THE COMPANY CONCERNING THE TERMS AND CONDITIONS OF THIS
OFFERING OR ANY OTHER RELEVANT MATTER, AND TO OBTAIN ANY ADDITIONAL INFORMATION TO THE EXTENT THE COMPANY POSSESSES SUCH INFORMATION
OR CAN OBTAIN THE INFORMATION WITHOUT UNDUE EFFORT OR EXPENSE.

 

ANTI-MONEY
LAUNDERING AND ANTI-TERRORIST FINANCING

 

As
part of the Company’s responsibility to comply with regulations aimed at the prevention of money laundering and terrorist
financing, and associated increased regulatory requirements with respect to the sources of funds used in investments and other
activities, the Company MAY require prospective purchasers to provide documentation verifying, among other things, such purchasers’
and any of their beneficial owners’ identities, and source and use of funds used to purchase any COMMON STOCK in this offering.

 

The
Company also reserves the right to request such identification evidence with respect to an assignee or transferee of any COMMON
stock. In the event of delay or failure by a purchaser, assignee or transferee to produce any information required for verification
purposes, the Company may refuse to accept or delay the acceptance of any assignment or transfer. In addition, the Company reserves
the right to refuse to make any issuance of SECURITIES to a purchaser, assignee, transferee or holder thereof if the Company suspects
or is advised that the issuance to such individual or entity might result in a breach or violation of any applicable anti-money
laundering or anti-terrorist financing laws.

 

    	 

    	 

    

 

notiCe
to residents in the united arab emirates:

 

INSOFAR
AS THE COMMON STOCK REGULATED AS SECURITIES IN ANY COUNTRY OUTSIDE THE UNITED ARAB EMIRATES, THE OFFERING THEREOF WILL BE DEEMED
TO RELATE TO AN OFFER OF FOREIGN SECURITIES AND THEY HAVE NOT BEEN LISTED ON OR REGISTERED WITH THE SECURITIES AND COMMODITIES
AUTHORITY (“SCA”) IN THE UNITED ARAB EMIRATES. THE SCA HAS NOT APPROVED OF THIS OFFERING OR TAKEN STEPS TO VERIFY
THE INFORMATION SET OUT IN ANY OFFERING OR MARKETING MATERIALS RELATING THERETO, AND HAS NO RESPONSIBILITY FOR THEM. THE COMMON
STOCK IS ILLIQUID AND SUBJECT TO RESTRICTIONS ON THEIR RESALE. PROSPECTIVE PURCHASERS THEREOF SHOULD CONDUCT THEIR OWN DUE DILIGENCE
ON THEM AND THE ISSUER THEREOF. IF YOU DO NOT UNDERSTAND THE CONTENTS OF ANY OFFERING OR MARKETING MATERIALS RELATING THERETO,
YOU SHOULD CONSULT AN AUTHORIZED FINANCIAL ADVISER. FOR THE AVOIDANCE OF DOUBT, ONLY INVESTORS THAT HAVE, OF THEIR OWN INITIATIVE,
REQUESTED INFORMATION REGARDING THE COMMON STOCK MAY RECEIVE THIS INFORMATION AND IT IS STRICTLY CONFIDENTIAL AND DOES NOT CONSTITUTE
AN OFFER TO THE PUBLIC.

 

NOTICE
TO RESIDENTS IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE:

 

THE
DUBAI FINANCIAL SERVICES AUTHORITY (THE “DFSA”) HAS NO RESPONSIBILITY FOR REVIEWING OR VERIFYING ANY DOCUMENTS IN
CONNECTION WITH THE OFFER OF the common stock AND ANYONE PARTICIPATING IN THE OFFER OF THEM IN THE Dubai International Finance
Centre (the “DIFC”) WILL NOT ENJOY ANY OF THE INVESTOR PROTECTIONS AVAILABLE UNDER DIFC LAW AND REGULATION.

 

NOTICE
TO RESIDENTS OF CANADA:

 

THE
SECURITIES MAY BE SOLD ONLY TO PURCHASERS PURCHASING AS PRINCIPAL THAT ARE BOTH “ACCREDITED INVESTORS” AS DEFINED
IN NATIONAL INSTRUMENT 45-106 PROSPECTUS AND REGISTRATION EXEMPTIONS AND “PERMITTED CLIENTS” AS DEFINED IN NATIONAL
INSTRUMENT 31-103 REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS. ANY RESALE OF THE SECURITIES MUST
BE MADE IN ACCORDANCE WITH AN EXEMPTION FROM THE PROSPECTUS REQUIREMENTS AND IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS
OF APPLICABLE SECURITIES LAWS.

 

NOTICE
TO RESIDENTS OF CHINA:

 

THE
SECURITIES ARE NOT BEING, AND MAY NOT BE, OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, WITHIN THE PEOPLE’S REPUBLIC OF CHINA
(FOR SUCH PURPOSES, NOT INCLUDING THE HONG KONG AND MACAU SPECIAL ADMINISTRATIVE REGIONS OR TAIWAN, THE “PRC”), EXCEPT
AS PERMITTED BY THE SECURITIES AND OTHER LAWS AND REGULATIONS OF THE PEOPLE’S REPUBLIC OF CHINA. THE SECURITIES MAY ONLY
BE OFFERED OR SOLD TO PRC PURCHASERS THAT ARE AUTHORIZED TO ENGAGE IN THE PURCHASE OF INSTRUMENTS OF THE TYPE BEING OFFERED OR
SOLD. PRC PURCHASERS ARE RESPONSIBLE FOR OBTAINING ALL RELEVANT GOVERNMENT REGULATORY APPROVALS AND LICENSES, VERIFICATION AND/OR
REGISTRATION THEMSELVES, AND COMPLYING WITH ALL RELEVANT PRC REGULATIONS, INCLUDING ANY RELEVANT FOREIGN EXCHANGE AND OVERSEAS
INVESTMENT REGULATIONS.

 

    	 

    	 

    

 

NOTICE
TO RESIDENTS OF HONG KONG:

 

SECURITIES
MAY NOT BE OFFERED OR SOLD IN HONG KONG BY MEANS OF ANY DOCUMENT OTHER THAN (I) IN CIRCUMSTANCES WHICH DO NOT CONSTITUTE ANY OFFER
TO THE PUBLIC WITHIN THE MEANING OF THE COMPANIES (WINDING UP AND MISCELLANEOUS PROVISIONS) ORDINANCE (CAP. 32 OF THE LAWS OF
HONG KONG) (THE “CWUMP ORDINANCE”) OR WHICH DO NOT CONSTITUTE AN INVITATION TO THE PUBLIC WITHIN THE MEANING OF THE
SECURITIES AND FUTURES ORDINANCE (CAP. 571 OF THE LAWS OF HONG KONG) (“SECURITIES AND FUTURES ORDINANCE”), OR (II)
TO “PROFESSIONAL INVESTORS” AS DEFINED IN THE SECURITIES AND FUTURES ORDINANCE AND ANY RULES MADE THEREUNDER, OR (III)
IN OTHER CIRCUMSTANCES WHICH DO NOT RESULT IN THIS MEMORANDUM BEING A “PROSPECTUS” AS DEFINED IN THE CWUMP ORDINANCE,
AND NO ADVERTISEMENT, INVITATION OR DOCUMENT RELATING TO THE SECURITIES MAY BE ISSUED OR MAY BE IN THE POSSESSION OF ANY PERSON
FOR THE PURPOSE OF ISSUE (IN EACH CASE WHETHER IN HONG KONG OR ELSEWHERE), WHICH IS DIRECTED AT, OR THE CONTENTS OF WHICH ARE
LIKELY TO BE ACCESSED OR READ BY, THE PUBLIC IN HONG KONG (EXCEPT IF PERMITTED TO DO SO UNDER THE SECURITIES LAWS OF HONG KONG)
OTHER THAN WITH RESPECT TO INSTRUMENTS WHICH ARE OR ARE INTENDED TO BE DISPOSED OF ONLY TO PERSONS OUTSIDE OF HONG KONG OR ONLY
TO “PROFESSIONAL INVESTORS” IN HONG KONG AS DEFINED IN THE SECURITIES AND FUTURES ORDINANCE AND ANY RULES MADE THEREUNDER.

 

NOTICE
TO RESIDENTS OF THE EUROPEAN ECONOMIC AREA:

 

IN
RELATION TO EACH MEMBER STATE OF THE EUROPEAN ECONOMIC AREA WHICH HAS IMPLEMENTED THE PROSPECTUS DIRECTIVE (EACH, A “RELEVANT
MEMBER STATE”), THE SECURITIES AND ANY RELATED DOCUMENTS ARE BEING DISTRIBUTED ONLY TO, AND DIRECTED ONLY AT (AND ANY RELATED
PURCHASE ACTIVITY WILL BE ENGAGED ONLY WITH) (A) A LEGAL ENTITY THAT IS A QUALIFIED INVESTOR AS DEFINED IN THE PROSPECTUS DIRECTIVE,
(B) FEWER THAN 150 NATURAL OR LEGAL PERSONS (OTHER THAN QUALIFIED INVESTORS AS DEFINED IN THE PROSPECTUS DIRECTIVE), SUBJECT TO
OBTAINING THE PRIOR CONSENT OF ANY REPRESENTATIVE FOR ANY SUCH OFFER; OR (C) PERSON THE SALES TO WHOM WOULD BE IN ANY OTHER CIRCUMSTANCE
FALLING WITHIN ARTICLE 3(2) OF THE PROSPECTUS DIRECTIVE; PROVIDED THAT NO SUCH TRANSACTION MAY RESULT IN A REQUIREMENT FOR THE
PUBLICATION BY THE COMPANY OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE. THE EXPRESSION “PROSPECTUS
DIRECTIVE” MEANS DIRECTIVE 2003/71/EC (AS AMENDED), INCLUDING BY DIRECTIVE 2010/73/EU, AND INCLUDES ANY RELEVANT IMPLEMENTING
MEASURE IN THE RELEVANT MEMBER STATE. THIS EUROPEAN ECONOMIC AREA SELLING RESTRICTION IS IN ADDITION TO ANY OTHER APPLICABLE SELLING
RESTRICTIONS SET FORTH HEREIN.

 

NOTICE
TO RESIDENTS OF THE UNITED KINGDOM:

 

IN
THE UNITED KINGDOM THE SECURITIES ARE BEING DISTRIBUTED ONLY TO, AND ARE DIRECTED ONLY AT (AND ANY PURCHASE ACTIVITY TO WHICH
THEY RELATE WILL BE ENGAGED ONLY WITH) (I) INVESTMENT PROFESSIONALS (WITHIN THE MEANING OF ARTICLE 19(5) OF THE FINANCIAL SERVICES
AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 AS AMENDED (THE “FPO”)); (II) PERSONS OR ENTITIES OF A KIND
DESCRIBED IN ARTICLE 49 OF THE FPO; (III) CERTIFIED SOPHISTICATED INVESTORS (WITHIN THE MEANING OF ARTICLE 50(1) OF THE FPO);
AND (IV) OTHER PERSONS TO WHOM THEY MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS “RELEVANT
PERSONS”). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT TAKE ANY ACTION IN CONNECTION WITH THE SECURITIES OR BASED UPON
ANY DOCUMENTS USED IN CONNECTION THEREWITH. IT IS A CONDITION OF THE PURCHASER’S ACQUISITION OF THE SECURITIES THAT THE
PURCHASER WARRANT TO THE COMPANY, ITS DIRECTORS, AND ITS OFFICERS THAT THE PURCHASER IS A RELEVANT PERSON. THE SECURITIES AND
ANY DOCUMENTS USED IN CONNECTION THEREWITH HAVE NOT BEEN APPROVED BY ANY AUTHORIZED PERSON.

 

    	 

    	 

    

 

NOTICE
TO RESIDENTS OF JAPAN:

 

THE
SECURITIES ARE BEING OFFERED TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL INVESTORS (TEKIKAKU KIKAN TOSHIKA, AS DEFINED IN THE
SECURITIES EXCHANGE LAW OF JAPAN (LAW NO. 25 OF 1948, AS AMENDED)) AND/OR A SMALL NUMBER OF INVESTORS, IN ALL CASES UNDER CIRCUMSTANCES
THAT WILL FALL WITHIN THE PRIVATE PLACEMENT EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES EXCHANGE LAW AND OTHER
RELEVANT LAWS AND REGULATIONS OF JAPAN. AS SUCH, THE SECURITIES HAVE NOT BEEN REGISTERED AND WILL NOT BE REGISTERED UNDER THE
SECURITIES EXCHANGE LAW OF JAPAN. PURCHASERS OF THE SECURITIES AGREE NOT TO RE-TRANSFER OR RE-ASSIGN THE SECURITIES TO ANYONE
OTHER THAN NON-RESIDENTS OF JAPAN EXCEPT PURSUANT TO A PRIVATE PLACEMENT EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND
OTHERWISE IN COMPLIANCE WITH, THE SECURITIES EXCHANGE LAW AND OTHER RELEVANT LAWS AND REGULATIONS OF JAPAN.

 

NOTICE
TO THE RESIDENTS OF THE RUSSIAN FEDERATION:

 

THE
SECURITIES AND ANY RELATED DOCUMENTS ARE NOT AN OFFER, OR AN INVITATION TO MAKE OFFERS, TO SELL, PURCHASE, EXCHANGE OR OTHERWISE
TRANSFER SECURITIES OR FOREIGN FINANCIAL INSTRUMENTS TO OR FOR THE BENEFIT OF ANY PERSON OR ENTITY RESIDENT, INCORPORATED, ESTABLISHED
OR HAVING THEIR USUAL RESIDENCE IN THE IN THE RUSSIAN FEDERATION, EXCEPT “QUALIFIED INVESTORS” (AS DEFINED UNDER RUSSIAN
SECURITIES LAWS) TO THE EXTENT PERMITTED UNDER RUSSIAN SECURITIES LAWS. THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH
ARE NOT AN ADVERTISEMENT IN CONNECTION WITH THE “PLACEMENT” OR A “PUBLIC CIRCULATION” (AS BOTH TERMS ARE
DEFINED UNDER RUSSIAN SECURITIES LAW) OF ANY SECURITIES, AND THE SECURITIES ARE NOT INTENDED FOR “PLACEMENT” OR “PUBLIC
CIRCULATION” IN THE RUSSIAN FEDERATION, IN EACH CASE UNLESS OTHERWISE PERMITTED UNDER RUSSIAN SECURITIES LAWS. NEITHER THE
SECURITIES NOR A PROSPECTUS RELATING HERETO HAVE BEEN OR WILL BE REGISTERED WITH THE CENTRAL BANK OF THE RUSSIAN FEDERATION.

 

NOTICE
TO RESIDENTS OF SINGAPORE:

 

THE
SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH HAVE NOT BEEN REGISTERED AS A PROSPECTUS WITH THE MONETARY AUTHORITY
OF SINGAPORE UNDER THE SECURITIES AND FUTURES ACT, CHAPTER 289 OF SINGAPORE (“SFA”). ACCORDINGLY, THE SECURITIES AND
ANY OTHER DOCUMENT IN CONNECTION WITH THE OFFER OR SALE, OR INVITATION FOR SUBSCRIPTION OR PURCHASE, THEREOF MAY NOT BE CIRCULATED
OR DISTRIBUTED, NOR MAY IT BE OFFERED OR SOLD, OR BE MADE THE SUBJECT OF AN INVITATION FOR SUBSCRIPTION OR PURCHASE, WHETHER DIRECTLY
OR INDIRECTLY, TO ANY PERSON IN SINGAPORE OTHER THAN (I) TO AN INSTITUTIONAL INVESTOR UNDER SECTION 274 OF THE SFA, (II) TO A
RELEVANT PERSON PURSUANT TO SECTION 275(1), OR ANY PERSON PURSUANT TO SECTION 275(1A), AND IN ACCORDANCE WITH THE CONDITIONS SPECIFIED
IN SECTION 275 OF THE SFA, OR (III) OTHERWISE PURSUANT TO, AND IN ACCORDANCE WITH THE CONDITIONS OF, ANY OTHER APPLICABLE PROVISION
OF THE SFA. WHERE ANY SECURITIES ARE SUBSCRIBED FOR OR PURCHASED UNDER SECTION 275 OF THE SFA BY A RELEVANT PERSON WHICH IS A
TRUST (WHERE THE TRUSTEE IS NOT AN ACCREDITED INVESTOR (AS DEFINED IN SECTION 4A OF THE SFA)) WHOSE SOLE PURPOSE IS TO HOLD INVESTMENTS
AND EACH BENEFICIARY OF THE TRUST IS AN ACCREDITED INVESTOR, THE BENEFICIARIES’ RIGHTS AND INTEREST (HOWSOEVER DESCRIBED)
IN THAT TRUST SHALL NOT BE TRANSFERABLE FOR 6 MONTHS AFTER THAT TRUST HAS ACQUIRED THE SHARES UNDER SECTION 275 OF THE SFA EXCEPT
(I) TO AN INSTITUTIONAL INVESTOR UNDER SECTION 274 OF THE SFA OR TO A RELEVANT PERSON (AS DEFINED IN SECTION 275(2) OF THE SFA),
(II) WHERE SUCH TRANSFER ARISES FROM AN OFFER THAT IS MADE ON TERMS THAT SUCH RIGHTS OR INTEREST ARE ACQUIRED AT A CONSIDERATION
OF NOT LESS THAN SUS$200,000 (OR ITS EQUIVALENT IN A FOREIGN CURRENCY) FOR EACH TRANSACTION (WHETHER SUCH AMOUNT IS TO BE PAID
FOR IN CASH OR BY EXCHANGE OF SECURITIES OR OTHER ASSETS), (III) WHERE NO CONSIDERATION IS OR WILL BE GIVEN FOR THE TRANSFER,
(IV) WHERE THE TRANSFER IS BY OPERATION OF LAW, (V) AS SPECIFIED IN SECTION 276(7) OF THE SFA, OR (VI) AS SPECIFIED IN REGULATION
32.

 

    	 

    	 

    

 

NOTICE
TO RESIDENTS OF SOUTH KOREA:

 

THE
SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH ARE NOT, AND UNDER NO CIRCUMSTANCES MAY BE CONSTRUED AS, A PUBLIC OFFERING
OF SECURITIES IN SOUTH KOREA. NEITHER THE COMPANY NOR ANY PLACEMENT AGENT MAY MAKE ANY REPRESENTATION WITH RESPECT TO THE ELIGIBILITY
OF ANY PERSON TO ACQUIRE THE SECURITIES UNDER THE LAWS OF SOUTH KOREA, INCLUDING, WITHOUT LIMITATION, INDIRECT INVESTMENT ASSET
MANAGEMENT BUSINESS LAW, THE SECURITIES AND EXCHANGE ACT AND THE FOREIGN EXCHANGE TRANSACTION ACT AND REGULATIONS THEREUNDER.
THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES AND EXCHANGE ACT, SECURITIES INVESTMENT TRUST BUSINESS ACT OR THE
SECURITIES INVESTMENT COMPANY ACT OF SOUTH KOREA AND THE SECURITIES MAY NOT BE OFFERED, SOLD OR DELIVERED, DIRECTLY OR INDIRECTLY,
OR OFFERED OR SOLD TO ANY PERSON FOR REOFFERING OR RESALE, DIRECTLY OR INDIRECTLY, IN SOUTH KOREA OR TO ANY RESIDENT OF SOUTH
KOREA, EXCEPT PURSUANT TO THE APPLICABLE LAWS AND REGULATIONS OF SOUTH KOREA.

 

NOTICE
TO RESIDENTS OF SWITZERLAND:

 

SECURITIES
MAY NOT BE PUBLICLY OFFERED IN SWITZERLAND AND WILL NOT BE LISTED ON THE SIX SWISS EXCHANGE (“SIX”) OR ON ANY OTHER
STOCK EXCHANGE OR REGULATED TRADING FACILITY IN SWITZERLAND. SECURITIES AND ANY RELATED DOCUMENTS HAVE BEEN PREPARED WITHOUT REGARD
TO THE DISCLOSURE STANDARDS FOR ISSUANCE PROSPECTUSES UNDER ART. 652A OR ART. 1156 OF THE SWISS CODE OF OBLIGATIONS OR THE DISCLOSURE
STANDARDS FOR LISTING PROSPECTUSES UNDER ART. 27 FF. OF THE SIX LISTING RULES OR THE LISTING RULES OF ANY OTHER STOCK EXCHANGE
OR REGULATED TRADING FACILITY IN SWITZERLAND. NEITHER THE SECURITIES NOR ANY RELATED MARKETING MATERIAL MAY BE PUBLICLY DISTRIBUTED
OR OTHERWISE MADE PUBLICLY AVAILABLE IN SWITZERLAND. THE SECURITIES AND ANY RELATED MARKETING MATERIALS HAVE NOT BEEN AND WILL
NOT BE FILED WITH OR APPROVED BY ANY SWISS REGULATORY AUTHORITY, PARTICULARLY INCLUDING THE SWISS FINANCIAL MARKET SUPERVISORY
AUTHORITY (“FINMA”), AND THEY HAVE NOT BEEN AUTHORIZED UNDER THE SWISS FEDERAL ACT ON COLLECTIVE INVESTMENT SCHEMES
(“CISA”). THE PROTECTIONS AFFORDED TO ACQUIRERS OF INTERESTS IN COLLECTIVE INVESTMENT SCHEMES UNDER THE CISA DOES
NOT EXTEND TO ACQUIRERS OF THE SECURITIES.

 

NOTICE
TO RESIDENTS OF ISRAEL:

 

THE
COMPANY DOES NOT INTEND TO OFFER THE SECURITIES TO THE PUBLIC IN ISRAEL WITHIN THE MEANING OF THE ISRAELI SECURITIES LAW, 1968,
OR OFFER SECURITIES, WITHIN ANY SPECIFIC YEAR, TO MORE THAN 35 OFFEREES RESIDENT IN ISRAEL. EACH OFFEREE MUST AND HEREBY DOES
WARRANT TO THE COMPANY THAT IT IS PURCHASING THE SECURITIES FOR INVESTMENT PURPOSES ONLY AND NOT FOR PURPOSES OF RESALE.

 

NOTICE
TO RESIDENTS OF UKRAINE:

 

THE
SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH DO NOT CONSTITUTE AN OFFER OF THE SECURITIES IN THE UKRAINE. THE SECURITIES
HAVE NOT BEEN OFFERED OR SOLD, AND WILL NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UKRAINE, EXCEPT AS MAY BE PERMITTED
BY LAW.

 

    	 

    	 

    

 

NOTICE
TO RESIDENTS OF INDIA:

 

THE
SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH AND ANY RELATED DOCUMENTS DO NOT CONSTITUTE AN OFFER TO SELL TO OR AN
OFFER TO BUY INTEREST FROM ANY PERSON OTHER THAN THE PERSON TO WHOM THIS MEMORANDUM HAS BEEN SENT BY THE COMPANY OR ITS AUTHORIZED
AGENTS. THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH SHOULD NOT BE CONSTRUED AS A PROSPECTUS. THE SECURITIES
AND ANY DOCUMENTS USED IN CONNECTION THEREWITH ARE NOT BEING OFFERED FOR SALE OR SUBSCRIPTION BUT ARE BEING PRIVATELY PLACED WITH
A LIMITED NUMBER OF SOPHISTICATED INVESTORS, AND PROSPECTIVE INVESTORS MUST OBTAIN LEGAL ADVICE THAT THEY ARE ENTITLED TO SUBSCRIBE
FOR THESE INSTRUMENTS AND MUST COMPLY WITH ALL RELEVANT INDIAN LAWS IN THIS RESPECT.

 

NOTICE
TO RESIDENTS OF AUSTRALIA:

 

NO
SECURITIES, PLACEMENT DOCUMENT, PROSPECTUS, PRODUCT DISCLOSURE STATEMENT OR OTHER DISCLOSURE DOCUMENT HAS BEEN LODGED WITH THE
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC), IN RELATION TO THIS OFFERING. THE SECURITIES AND ANY DOCUMENTS USED IN
CONNECTION THEREWITH AND ANY RELATED DOCUMENTS DO NOT CONSTITUTE A PROSPECTUS, PRODUCT DISCLOSURE STATEMENT OR OTHER DISCLOSURE
DOCUMENT UNDER THE CORPORATIONS ACT 2001 (OR THE CORPORATIONS ACT) AND DO NOT PURPORT TO INCLUDE THE INFORMATION REQUIRED THEREFOR.
ANY OFFER IN AUSTRALIA OF THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH MAY ONLY BE MADE TO “SOPHISTICATED
INVESTORS” (WITHIN THE MEANING OF SECTION 708(8) OF THE CORPORATIONS ACT), “PROFESSIONAL INVESTORS” (WITHIN
THE MEANING OF SECTION 708(11) OF THE CORPORATIONS ACT) OR OTHERWISE PURSUANT TO ONE OR MORE EXEMPTIONS CONTAINED IN SECTION 708
OF THE CORPORATIONS ACT SO THAT IT IS LAWFUL TO OFFER THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH WITHOUT DISCLOSURE
TO INVESTORS UNDER CHAPTER 6D OF THE CORPORATIONS ACT. THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH MUST NOT
BE OFFERED FOR SALE IN AUSTRALIA IN THE PERIOD OF 12 MONTHS AFTER THE DATE OF ALLOTMENT UNDER THIS OFFERING, EXCEPT IN CIRCUMSTANCES
(I) WHERE DISCLOSURE TO PURCHASERS UNDER CHAPTER 6D OF THE CORPORATIONS ACT WOULD NOT BE REQUIRED PURSUANT TO AN EXEMPTION UNDER
SECTION 708 OF THE CORPORATIONS ACT OR OTHERWISE OR (II) WHERE THE OFFER IS PURSUANT TO A DISCLOSURE DOCUMENT WHICH COMPLIES WITH
CHAPTER 6D OF THE CORPORATIONS ACT. ANY PERSON ACQUIRING THE SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH MUST OBSERVE
SUCH AUSTRALIAN ON-SALE RESTRICTIONS.

 

NOTICE
TO RESIDENTS OF THAILAND:

 

THE
SECURITIES AND ANY DOCUMENTS USED IN CONNECTION THEREWITH HAVE NOT BE APPROVED BY THE OFFICE OF THE THAI SECURITIES EXCHANGE COMMISSION
(“TSEC”), AND NO REGISTRATION STATEMENT AND DRAFT PROSPECTUS HAVE BEEN FILED WITH THE TSEC AND HAVE BECOME EFFECTIVE,
IN RELIANCE ON APPLICABLE EXEMPTIONS FROM SUCH REQUIREMENTS, INCLUDING FOR OFFERS TO “INSTITUTIONAL INVESTORS” UNDER
THE SECURITIES AND EXCHANGE ACT AND ANY RELATED ACT OR RULES.

 

    	 

    	 

    

 

NOTICE
TO RESIDENTS OF BRAZIL:

 

THE
OFFER OF SECURITIES HAVE NOT BEEN AND WILL NOT BE ISSUED NOR PLACED, DISTRIBUTED, OFFERED OR NEGOTIATED IN THE BRAZILIAN CAPITAL
MARKETS. NEITHER THE COMPANY NOR THE ISSUANCE OF SECURITIES HAVE BEEN OR WILL BE REGISTERED WITH THE BRAZILIAN SECURITIES AND
EXCHANGE COMMISSION (COMISSÃO DE VALORES MOBILIÁRIOS, THE CVM). THEREFORE, NEITHER THE COMPANY NOR ANY OF ITS AGENTS
HAS OFFERED OR SOLD, AND WILL NOT OFFER OR SELL, THE SECURITIES IN BRAZIL, EXCEPT IN CIRCUMSTANCES WHICH DO NOT CONSTITUTE A PUBLIC
OFFERING, PLACEMENT, DISTRIBUTION OR NEGOTIATION OF SECURITIES IN THE BRAZILIAN CAPITAL MARKETS REGULATED BY BRAZILIAN LEGISLATION.

 

NOTICE
TO RESIDENTS OF ARGENTINA:

 

THE
SECURITIES ARE NOT AUTHORIZED FOR PUBLIC OFFERING IN ARGENTINA AND THEY MAY NOT BE SOLD PUBLICLY UNDER THE ARGENTINE CAPITAL MARKETS
LAW NO. 26,831, AS AMENDED. THEREFORE, ANY SUCH TRANSACTION MUST BE MADE PRIVATELY.

 

NOTICE
TO RESIDENTS OF ALL OTHER JURISDICTIONS:

 

NO
ACTION HAS BEEN TAKEN TO PERMIT THE OFFER, SALE, POSSESSION OR DISTRIBUTION OF THE SECURITIES OR ANY RELATED DOCUMENTS IN ANY
JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. THE PURCHASERS ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE
ANY RESTRICTIONS RELATING TO, THE SECURITIES AND ANY RELATED DOCUMENTS IN THE PURCHASER’S JURISDICTION.

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