Document:

Exhibit 10.1

 

 

PROMISSORY NOTE

 

	$500,000.00	July 16, 2015

 

FOR VALUE RECEIVED,
ZERO GRAVITY SOLUTIONS, INC., a Nevada corporation, its successors and assigns ("Maker"), here-by promises to pay to
the order of Michael T. Smith, or his successors or assigns located at 19503 Roseto Way, Naples, FL 34110 ("Payee"),
the principal amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), together with interest on the principal balance outstanding
hereunder, from (and including) the date hereof until (but not including) the date of payment, at the interest rate specified below,
in accordance with the following terms and conditions:

 

1. Stated Interest
Rate. Except as provided in Section 2 below, the unpaid principal balance from day to day outstanding hereunder
shall bear interest at a rate per annum equal to eight and one-half percent (8.5%) per annum (the “Stated Interest Rate”)
calculated on the basis of the actual days elapsed but computed as if each year consisted of 360 days.

2.                  
Payments. All unpaid principal and any accrued but unpaid interest thereon and all other amounts payable hereunder
shall be due and payable on July 16, 2016.

 

3.                  
Interest Payments. Interest shall accrue at the Stated Interest Rate beginning on the date hereof on the unpaid principal
amount of this Note and shall be payable to Payee quarterly in cash.

 

4.                  
Prepayment. Maker may prepay all or any portion of the interest and the unpaid principal balance of this Note at
any time, or from time to time, without penalty or premium.

 

5.                  
Application and Place of Payments. Payments received by Payee with respect to the indebtedness evidenced hereby shall
be applied in such order and manner as Payee in its sole and absolute discretion may elect. Unless Payee otherwise elects, payments
received by Payee shall be applied first to accrued and unpaid interest, next to the principal balance then outstanding hereunder,
and the remainder to Additional Sums (as hereinafter defined) or other costs or added charges provided for in this Note. Payments
hereunder shall be made at the address for Payee first set forth above or at such other address as Payee may specify to Maker in
writing.

 

6.                  
Events of Default; Acceleration. The occurrence of any one or more of the following events shall constitute an "Event
of Default" hereunder, and upon such Event of Default, the entire principal balance outstanding hereunder, together with all
accrued interest and other amounts payable hereunder, at the election of Payee, shall become immediately due and payable, without
any notice to Maker, provided that in the case of any of the Events of Default in paragraphs (b), (c) or (d) below, the remainder
of the debt evidenced hereby shall automatically become due and payable, without presentment, demand, protest or any other notice
of any kind, all of which are hereby expressly waived by Maker:

 

		a.	Nonpayment of principal, interest, or other amounts when the same shall become due and payable
hereunder, and Maker does not cure such failure to pay within three days after the date such payment is due; or

 

		b.	The failure of Maker to comply with any provision of this Note; or

 

		c.	The dissolution, winding-up, liquidation or termination of the existence of Maker or the sale or
disposition of substantially all of the assets of Maker's business; or

 

		d.	The making by Maker of an assignment for the benefit of its creditors; or

 

		e.	The appointment of a receiver for Maker or the involuntary filing against Maker, which is not stayed
or dismissed within 30 days of filing, or the voluntary filing by Maker of a petition or application for relief under federal bankruptcy
law or any similar state or federal law.

 

    	

    	 

    

  

		7.	Contracted For Interest.

 

		a.	Maker agrees to pay an effective contracted for rate of interest equal to the rate of interest
resulting from all interest payable as provided in this Note, plus the additional rate of interest resulting from the Additional
Sums. The Additional Sums shall consist of all fees, charges, goods, things in action, or any other sums or things of value (other
than interest payable as provided in this Note) paid or payable by Maker, pursuant to this Note, that may be deemed to be interest
for the purpose of any law of the state of New York that may limit the maximum amount of interest to be charged with respect to
this lending transaction. The Additional Sums shall be deemed to be interest for the purposes of any such law only.

 

		b.	Maker understands and believes that this transaction complies with the usury laws of the state
of Florida; however, if any interest or other charges in connection with this transaction are ever determined to exceed the maximum
amount permitted by law, then Maker agrees that (i) the amount of interest or charges payable pursuant to this transaction shall
be reduced to the maximum amount permitted by law; and (ii) any excess amount previously collected from Maker in connection with
this transaction, which exceeded the maximum amount permitted by law, will be credited against the principal balance then outstanding
hereunder. If the outstanding principal balance hereunder has been paid in full, the excess amount paid will be refunded to Maker.

 

		8.	Costs of Collection. Maker agrees to pay all costs of collection, including, without limitation,
attorneys' fees, whether or not suit is filed, and all costs of suit and preparation for suit (whether at trial or appellate level),
in the event any payment of principal, interest, or other amount is not paid when due, or if at any time Payee should incur any
attorneys' fees in any proceeding under any federal bankruptcy law (or any similar state or federal law) in connection with the
obligations evidenced hereby. In the event of any court proceeding, court costs and attorneys' fees shall be set by the court and
not by the jury and shall be included in any judgment obtained by Payee.

 

		9.	No Waiver by Payee. Maker hereby waives presentment, protest, notice of dishonor, and notice
of acceleration of maturity. No failure to accelerate the debt evidenced hereby by reason of default hereunder, acceptance of a
past-due installment, or other indulgence granted from time to time shall be construed as a novation of this Note or as a waiver
of such right of acceleration or of the right of Payee thereafter to insist upon strict compliance with the terms of this Note
or to prevent the exercise of such right of acceleration or any other right granted hereunder or by applicable law. No extension
of the time for payment of this Note shall operate to release, discharge, modify, change or affect the original liability of Maker
under this Note, either in whole or in part, unless Payee agrees otherwise in writing. Maker agrees to continue to remain bound
for the payment of principal, interest, and all other sums due under this Note notwithstanding any changes by way of release, surrender,
exchange, modification, substitution of, failure to perfect or maintain perfection of any security for this Note. No delay or failure
of Payee in exercising any right hereunder shall affect such right, nor shall any single or partial exercise of any right preclude
further exercise thereof.

 

		10.	Governing Law. This Note shall be construed in accordance with and governed by the laws
of the state of Florida without regard to the choice of law rules of the state of Florida.

 

		11.	Time of Essence. Time is of the essence of this Note and each and every provision hereof.

 

		12.	Conflicts; Inconsistency. In the event of any conflict or inconsistency between the provisions
of this Note and the provisions of any one or more of the other documents executed in connection with this transaction, the provisions
of this Note shall govern and control to the extent necessary to resolve such conflict or inconsistency.

 

		13.	Amendments. No amendment, modification, change, waiver, release, or discharge hereof and
hereunder shall be effective unless evidenced by an instrument in writing and signed by the party against whom enforcement is sought.

 

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		14.	Severability. The invalidity of any provision of this Note or portion of a provision shall
not affect the validity of any other provision of this Note or the remaining portion of the applicable provision.

 

		15.	Binding Nature. The provisions of this Note shall be binding upon and inure to the benefit
of Maker and Payee and their respective heirs, personal representatives, successors, and assigns, as applicable.

 

		16.	Notices. All notices, requests, demands, and other communications required or permitted
under this Note shall be in writing and shall be deemed to have been duly given, made, and received when delivered against receipt,
upon receipt of a facsimile transmission, or upon actual receipt of registered or certified mail, postage prepaid, return receipt
requested, addressed as set forth below:

 

If to Maker:

 

Zero Gravity Solutions, Inc.

190 NW Spanish River Blvd, Suite
101

Boca Raton, RL 33431

Attention: Harvey Kaye

 

 

If to Payee:

 

Michael T. Smith

19503 Roseto Way

Naples, FL 34110

 

Either party may alter the address to which
communications or copies are to be sent by giving notice of such change of address in conformity with the provisions of this section
for the giving of notice.

 

17.               
Construction. Maker and Payee participated in the drafting of this Note, and this document was reviewed by the respective
legal counsel for Maker and Payee. The normal rule of construction to the effect that any ambiguities are to be resolved against
the drafting party shall not be applied to the interpretation of this Note. The language of this Note shall be construed as a whole
according to its fair meaning. The word "include(s)" means "include(s), without limitation," and the word "including"
means "including, but not limited to." No inference in favor of, or against, Maker or Payee shall be drawn from the fact
that one party has drafted any portion hereof.

 

IN WITNESS WHEREOF,
Maker has executed this Note as of the date first set forth above.

 

	 	ZERO GRAVITY SOLUTIONS, INC.
	 	 
	 	By:	Timothy
    Peach
	 	 	 
	 	Its:	CFO
	 	 	 
	 	Date:	7/16/15

 

ACCEPTED:

 

	 	By: 	Michael
    Smith
	 	 	 
	 	Date:	7/16/15
	 	 	 

 

    	3Exhibit 10.2

 

 

	 	
        Michael T. Smith

        

        350,000 Cashless Warrants

        

        WARRANT NO. 15-2009 

        

        July 16, 2015

        

 

WARRANT

 

THESE SECURITIES AND THE SECURITIES ISSUABLE UPON THEIR EXERCISE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED UNLESS PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT, A "NO-ACTION" LETTER FROM THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE
“COMMISSION” OR THE “SEC”) WITH RESPECT TO SUCH TRANSFER, A TRANSFER MEETING THE REQUIREMENTS
OF RULE 144 OF THE COMMISSION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY SUCH TRANSFER IS EXEMPT
FROM SUCH REGISTRATION.

 

Zero Gravity Solutions, Inc.

 

 

Zero Gravity Solutions, Inc., a
corporation organized under the laws of the State of Nevada (the “Company”), hereby certifies that, for value
received from MICHAEL T. SMITH (the “Holder”), is entitled, subject to the terms set forth below, to
purchase from the Company up to a total of THREE HUNDRED FIFTY (350,000) THOUSAND shares of its common stock, $0.001
par value per share (the “Common Stock”), of the Company (the “Warrant Shares”), at an cashless
exercise price equal to three dollars ($3.00) per share (the “Exercise Price”). This Warrant may be exercised
at any time after issuance through and including the fifth (5th) anniversary of its original issuance as noted above (the “Expiration
Date”), subject to the following terms and conditions:

 

1.Registration
of Warrant. The Company shall, from time to time and whenever requested by the Holder, register this Warrant in conformity
with records to be maintained by the Company for such purpose (the “Warrant Register”) in the name of the Holder.
The Company shall treat the registered Holder of this Warrant as the absolute owner hereof for any and all purposes, including
the exercise hereof or any distribution to the Holder, and the Company shall not be affected by notice to the contrary.

 

2.Registration
of Transfers and Exchanges.

 

 (a)The Company
or the transfer agent shall enter or record the transfer of all or any portion of this Warrant in the Warrant Register, upon surrender
of this Warrant to the Company at the office specified herein or pursuant to Section 10 hereof. Upon any such registration
or transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant hereinafter
referred to as a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the
transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the
Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance of such transferee of all of
the rights and obligations of a holder of a Warrant.

 

    	

    	 

    

 

(b)This Warrant
is exchangeable, upon the surrender hereof by the Holder to the office of the Company specified herein or pursuant to Section
3(b) hereof for one or more New Warrants, evidencing in the aggregate the right to purchase the number of Warrant Shares which
may then be purchased hereunder. Any such New Warrant shall be dated as of the date of such exchange.

 

3.Duration and
Exercise of Warrants.

 

(a)This Warrant
shall be exercisable by the registered Holder on any business day before 5:00 P.M. (EST), at any time and from time to time on
or after the date hereof to and including the Expiration Date. At 5:00 P.M.(EST), on the Expiration Date, the portion of this Warrant
not exercised prior thereto shall be and become void and of no value. Prior to the Expiration Date, the Company may not call or
otherwise redeem this Warrant without the prior written consent of the Holder, which consent shall be given or withheld at the
sole and absolute discretion of the Holder.

 

(b)Subject to Section
2(b), Section 6 and Section 10 hereof, upon: (x) surrender of this Warrant, together with the Form of Election
to Purchase attached hereto duly completed and signed, to the Company at its address for notice set forth in Section 11
hereof; and (y) payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder,
in the manner provided hereunder, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly
(but in no event later than ten (10) business days after the Date of Exercise (as defined below)) issue or cause to be issued and
cause to be delivered to the Holder in such name(s) as the Holder may designate, a certificate for the Warrant Shares issuable
upon such exercise. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record
of such Warrant Shares as of the Date of Exercise of this Warrant. A “Date of Exercise” means the date on which
the Company shall have received (I) this Warrant (or any New Warrant, as applicable), together with the Form of Election to Purchase
attached hereto (or attached to such New Warrant) appropriately completed and duly signed; and (II) payment of the Exercise Price
for the number of Warrant Shares so indicated by the holder hereof to be purchased.

 

(c)This Warrant
shall be exercisable in its entirety or, from time to time, for a portion of the number of Warrant Shares. If less than all of
the Warrant Shares which may be purchased under this Warrant are exercised at any time, the Company shall issue or cause to be
issued, at its expense, a New Warrant evidencing the right to purchase the remaining number of Warrant Shares for which no exercise
has been evidenced by this Warrant.

 

4. Payment of Taxes.
Upon the exercise of this Warrant, the Company will pay all documentary stamp taxes attributable to the issuance of Warrant Shares;
provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved
in the registration of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall
be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant
Shares upon exercise hereof.

 

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5.Replacement
of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange
and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only upon
receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and indemnity, if requested, satisfactory
to it. Applicants for a New Warrant under such circumstances shall comply with such other reasonable regulations and procedures
and pay such other reasonable charges as the Company may prescribe.

 

6.Reservation
of Warrant Shares. The Company covenants that it will at all times reserve and keep available out of the aggregate of its authorized
but unissued Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant as herein
provided, the number of Warrant Shares which are then issuable and deliverable upon the exercise of this entire Warrant, free from
preemptive rights or any other actual contingent purchase rights of persons other than the Holder (taking into account the adjustments
and restrictions of Section 7 hereof). The Company covenants that all Warrant Shares that shall be so issuable and deliverable
shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly
authorized, issued and fully paid and nonassessable. If the Company does not have a sufficient amount of Common Stock authorized
to reserve for the Warrant Shares, it shall, as soon as reasonably practicable, use its best efforts to increase the number of
its authorized shares such that the Company will have a sufficient amount of Common Stock authorized to reserve for the Warrant
Shares.

 

7Certain Adjustments.
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time
as set forth in this Section 7. Upon each such adjustment of the Exercise Price pursuant to this Section 7, the Holder
shall thereafter but prior to the Expiration Date be entitled to purchase, at the Exercise Price resulting from such adjustment,
the number of Warrant Shares obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number
of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment and dividing the product thereof
by the Exercise Price resulting from such adjustment.

 

(a)An adjustment
shall be made, if the Company, at any time while this Warrant is outstanding (i) pays a stock dividend (except scheduled dividends
paid on outstanding preferred stock as of the date hereof which contain a stated dividend rate) or otherwise make distribution(s)
on shares of its Common Stock or on any other class of capital stock and not the Common Stock payable in shares of Common Stock;
(ii) subdivides outstanding shares of Common Stock into a larger number of shares; or (iii) combines outstanding shares of Common
Stock into a smaller number of shares. If either (i), (ii) or (iii) above occurs, the Exercise Price shall be multiplied by a fraction
of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such
event and of which the denominator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the
determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision or combination, and shall apply to successive subdivisions and combinations.

 

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(b)In case of any
reclassification of the Common Stock, any consolidation or merger of the Company with or into another entity, the sale or transfer
of all or substantially all of the assets of the Company, or any compulsory share exchange pursuant to which the Common Stock is
converted into other securities, cash or property, then the Holder shall have the right thereafter to exercise this Warrant only
into the shares of stock and other securities and property receivable upon or deemed to be held by holders of Common Stock following
such reclassification, consolidation, merger, sale, transfer or share exchange, and the Holder shall be entitled upon such event
to receive such amount of securities or property equal to the amount of Warrant Shares such Holder would have been entitled to
had such Holder exercised this Warrant immediately prior to such reclassification, consolidation, merger, sale, transfer or share
exchange. The terms of any such consolidation, merger, sale, transfer or share exchange shall include such terms so as to continue
to give to the Holder the right to receive the securities or property set forth in this Section 7(b) upon any exercise following
any such reclassification, consolidation, merger, sale, transfer or share exchange.

 

(c)For the purposes
of this Section 7, the following clauses shall also be applicable:

 

(i) Record Date.
In case the Company shall take a record of the holders of its Common Stock for the purpose of entitling them (A) to receive a dividend
or other distribution payable in Common Stock or in securities convertible or exchangeable into shares of Common Stock, or (B)
to subscribe for or purchase Common Stock or securities convertible or exchangeable into shares of Common Stock, then such record
date shall be deemed to be the date of the issue or sale of the shares of Common Stock deemed to have been issued or sold upon
the declaration of such dividend or the making of such other distribution or the date of the granting of such right of subscription
or purchase, as the case may be.

 

(ii) Treasury Shares.
The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account
of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock.

 

(d)All calculations
under this Section shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.

 

8.Payment of Exercise
Price – NOT APPLICABLE.

 

(a)Cash Exercise.
The Holder shall deliver to the Company at its principal offices, with the Election to Purchase form attached hereto, duly executed
by the Holder and accompanied by NO PAYMENT of the aggregate Exercise Price for the total aggregate number of Warrant Shares
for which this Warrant is exercised.

 

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(b)Legend.
Unless the Warrant Shares have been registered under the Securities Act, upon exercise of any of the Warrants and the issuance
of any of the Warrant Shares, all certificates representing the Warrant Shares shall bear on the face thereof substantially the
following legend:

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, OFFERED FOR SALE, ASSIGNED,
TRANSFERRED OR OTHERWISE DISPOSED OF, UNLESS REGISTERED PURSUANT TO THE PROVISIONS OF THAT ACT OR UNLESS AN OPINION OF COUNSEL
TO THE CORPORATION IS OBTAINED STATING THAT SUCH DISPOSITION IS IN COMPLIANCE WITH AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.

 

9.Fractional Shares.
The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant. The
number of full Warrant Shares which shall be issuable upon the exercise of this Warrant shall be computed on the basis of the aggregate
number of Warrant Shares purchasable on exercise of this Warrant so presented. If any fraction of a Warrant Share would, except
for the provisions of this Section 9, be issuable on the exercise of this Warrant, the Company shall pay an amount in cash
equal to the Exercise Price multiplied by such fraction.

 

10.Notices.
Any and all notices or other communications or deliveries hereunder shall be in writing and shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone
number specified in this Section prior to 5:00 p.m. (EST) on a business day, (ii) the business day after the date of transmission,
if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section later than
5:00 p.m. (EST) on any date and earlier than 11:59 p.m. (EST) on such date, (iii) the business day following the date of mailing,
if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required
to be given. The addresses for such communications shall be:

 

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If to the Company:

 

Zero Gravity Solution, Inc.

190 NW Spanish River Boulevard

Boca Raton, Florida 33431

(561) 416-0400

Attention: Angela Letizia, Corporate
Administrator

aletizia@zerogsi.com

 

If to the Holder:

 

Michael T. Smith

[removed]

 

or if none listed above, to such Holder’s
address as set forth in the register maintained by the Company.

 

11.Warrant Agent.
The Company shall serve as warrant agent under this Warrant. Upon thirty (30) days’ notice to the Holder, the Company may
appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any corporation resulting
from any consolidation to which the Company or any new warrant agent shall be a party or any corporation to which the Company or
any new warrant agent transfers substantially all of its corporate trust or shareholders services business shall be a successor
warrant agent under this Warrant without any further action. Any such successor warrant agent shall promptly cause notice of its
succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder's last address as shown
on the Warrant Register.

 

12.Miscellaneous.

 

(a)This Warrant
shall be binding on and inure to the benefit of the parties hereto. This Warrant may be amended only in writing signed by the Company
and the Holder.

 

(b)Nothing in this
Warrant shall be construed to give to any person or corporation other than the Company and the Holder any legal or equitable right,
remedy or cause under this Warrant. This Warrant shall inure to the sole and exclusive benefit of the Company and the Holder.

 

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

 

(d)In case any
one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability
of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will
attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor,
and upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

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(e)The Company
hereby represent and warrants to the Holder that: (i) it is voluntarily issuing this Warrant of its own freewill, (ii) it is not
issuing this Warrant under economic duress, (iii) the terms of this Warrant are reasonable and fair to the Company, and (iv) the
Company has had independent legal counsel of its own choosing review this Warrant, advise the Company with respect to this Warrant,
and represent the Company in connection with its issuance of this Warrant.

 

(f)Intentionally
deleted.

 

(g)This Warrant
may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and, all of which
taken together shall constitute one and the same Warrant. In the event that any signature is delivered by facsimile transmission,
such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the
same with the same force and effect as if such facsimile signature were the original thereof.

 

(h)This Warrant
and the obligations of the Company hereunder shall not be assignable by the Company.

 

13. Disputes Under This Agreement.

 

This Agreement shall
be construed and interpreted in accordance with the laws of the State of Nevada, without reference to such State’s conflicts
of laws principles. Any legal suit, action or proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby shall be instituted exclusively in a court of competent jurisdiction located in the County of Palm Beach, Florida. The
parties hereto hereby: (i) waives any objection which they may now have or hereafter have to the venue of any such suit, action
or proceeding, and (ii) irrevocably consents to the courts of competent jurisdiction in the County of Palm Beach, Florida in any
such suit, action or proceeding. The parties further agree to accept and acknowledge service of any and all process which may
be served in any such suit, action or proceeding in a court of competent jurisdiction in the County of Palm Beach, Florida and
agree that service of process upon a party mailed by certified mail to such party’s address shall be deemed in every respect
effective service of process upon such party in any such suit, action or proceeding. 

 

 

 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

 

 

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[Signature on Following
Page]

 

 

 

 

 

 

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IN WITNESS WHEREOF,
the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated above.

 

	 	Zero Gravity Solutions, Inc. 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	By: 	/s/ Harvey Kaye
	 	 	Harvey Kaye
	 	 	 Its:  Chairman

 

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EXHIBIT A

 

FORM OF ELECTION TO PURCHASE

 

Zero Gravity Solutions, Inc.

 

Re: Intention to Exercise Right to Purchase
Shares of Common Stock Under the Warrant

 

Gentlemen:

 

In accordance with
the Warrant enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to purchase _________________shares
of Common Stock, $0.001 par value per share, of Zero Gravity Solutions, Inc. encloses herewith $________ in cash, certified
or official bank check(s), which sum represents the aggregate Exercise Price for the number of shares of Common Stock to which
this Form of Election to Purchase relates, together with any applicable taxes payable by the undersigned pursuant to the Warrant.
Any capitalized terms used but not defined in this Form of Election to Purchase shall have the meaning ascribed to them in the
accompanying Warrant.

 

The undersigned requests
that certificates for the shares of Common Stock issuable upon this exercise be issued in the name of:

 

 

(Please insert SS# or FEIN #)

 

 

(Please
print name and address)

 

If the number of shares
of Common Stock issuable upon this exercise shall not be all of the shares of Common Stock which the undersigned is entitled to
purchase in accordance with the enclosed Warrant, the undersigned requests that a New Warrant evidencing the right to purchase
the shares of Common Stock not issuable pursuant to the exercise evidenced hereby be issued in the name of and delivered to:

 

 

(Please
print name and address)

 

 

 

 

 

Dated: _____________, _____Name of
Holder:

 

	 	Signed:	 
	 	Print Name:	 
	 	Title:	 

  

(Signature must conform in all respects
to name of Holder as specified on the face of the Warrant)

 

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