Document:

EX-4.1

 Exhibit 4.1 

[Form of Note] 
 (FACE
OF NOTE) 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY
OR A NOMINEE OF A DEPOSITORY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE INDENTURE AND THE TERMS OF THE SECURITIES, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH
SUCCESSOR DEPOSITORY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO AT&T INC., OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 AT&T INC. 

Floating Rate Global Notes due 2024 
  

			
		  	CUSIP NO. [●]
		
		  	ISIN NO. [●]
		
	No. R-[●]	  	
		
		  	$500,000,000

 AT&T Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein
called “AT&T”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million
Dollars ($500,000,000) on June 12, 2024 (the “Maturity Date”), and to pay interest on said principal sum from August 22, 2018 or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
quarterly in arrears on March 12, June 12, September 12 and December 12 in each year, commencing on September 12, 2018 (each an “Interest Payment Date”) and on the Maturity Date, at the interest rate
(“Interest Rate”) equal to the Applicable LIBOR Rate, reset quarterly, plus 118 basis points (1.180%), determined as provided 

 
herein, until the principal hereof is paid or made available for payment. For the first short Interest Payment Date, the Applicable LIBOR Rate will be 2.01632%. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record
Date for such interest, which shall be the close of business on the fifteenth day preceding the respective Interest Payment Date (each, a “Regular Record Date”). Any such interest not so punctually paid or duly provided for will forthwith
cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a special record date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 15 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

The Interest Rate for each Interest Period for the Notes will be reset on March 12, June 12, September 12 and December 12
of each year, and will be set for the initial Interest Period on August 22, 2018 (each such date, an “Interest Reset Date”) until the principal on the Notes is paid or made available for payment (the “Principal Payment
Date”). If any Interest Reset Date (other than the initial Interest Reset Date occurring on August 22, 2018) and Interest Payment Date for the Notes would otherwise be a day that is not a LIBOR business day, such Interest Reset Date and
Interest Payment Date shall be the next succeeding LIBOR business day, unless the next succeeding LIBOR business day is in the next succeeding calendar month, in which case such Interest Reset Date and Interest Payment Date shall be the immediately
preceding LIBOR business day. 
 “LIBOR business day” means any day that is not a Saturday or Sunday and that, in The City of New
York or the City of London, is not a day on which banking institutions are generally authorized or obligated by law to close. 

“Interest Period” shall mean the period from and including an Interest Reset Date to but excluding the next succeeding Interest
Reset Date and, in the case of the last such period, from and including the Interest Reset Date immediately preceding the Maturity Date or Principal Payment Date, as the case may be, to but not including such Maturity Date or Principal Payment Date,
as the case may be. If the Principal Payment Date or Maturity Date is not a LIBOR business day, then the principal amount of the Notes plus accrued and unpaid interest thereon shall be paid on the next succeeding LIBOR business day and no interest
shall accrue for the Maturity Date, Principal Payment Date or any day thereafter. 

  
 2 

 The “Applicable LIBOR Rate” shall mean the rate determined in accordance with the
following provisions: 
 (i) On the second day on which dealings in deposits in U.S. dollars are transacted in the London interbank market
preceding each Interest Reset Date (each such date, an “Interest Determination Date”), The Bank of New York Mellon Trust Company, N.A. (the “Calculation Agent”), as agent for AT&T, will determine the Applicable LIBOR Rate
which shall be the rate for deposits in U.S. dollars having a maturity of three months commencing on the first day of the applicable interest period that appears on the Bloomberg Screen BBAM Page (or any successor page) as of 11:00 a.m., London
time, on such Interest Determination Date, except with respect to the first Interest Determination Date for which the Applicable LIBOR Rate will be 2.01632%. If the Applicable LIBOR Rate on such Interest Determination Date does not appear on the
Bloomberg Screen BBAM Page (or any successor page), the Applicable LIBOR Rate will be determined as described in (ii) below. 
 (ii)
With respect to an Interest Determination Date for which the Applicable LIBOR Rate does not appear on the Bloomberg Screen BBAM Page (or any successor page) as specified in (i) above, unless clause (iii) below applies, the Applicable LIBOR
Rate will be determined on the basis of the rates at which deposits in U.S. dollars are offered by four major banks in the London interbank market selected by AT&T (the “Reference Banks”) at approximately 11:00 a.m., London time,
on such Interest Determination Date to prime banks in the London interbank market having a maturity of three months, and in a principal amount equal to an amount of not less than U.S.$1,000,000 that is representative for a single transaction in such
market at such time. The Calculation Agent, upon direction from AT&T, will request the principal London office of each of such Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the Applicable LIBOR
Rate on such Interest Determination Date will be the arithmetic mean (rounded upwards) of such quotations. If fewer than two quotations are provided, the Applicable LIBOR Rate on such Interest Determination Date will be the arithmetic mean (rounded
upwards) of the rates quoted by three major banks in New York City selected by AT&T at approximately 11:00 a.m., New York City time, on such Interest Determination Date for loans in U.S. dollars to leading European banks, having a maturity
of three months, and in a principal amount equal to an amount of not less than U.S.$1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the banks in New York City selected
as aforesaid by AT&T are not quoting as mentioned in this sentence, the relevant Interest Rate for the Interest Period commencing on the Interest Reset Date following such Interest Determination Date will be the Interest Rate in effect on such
Interest Determination Date (i.e., the same as the rate determined for the immediately preceding Interest Reset Date). 
 (iii)
Notwithstanding clause (ii) above, if AT&T, in its sole discretion, or the Calculation Agent, in its sole discretion, determine that LIBOR has been permanently discontinued and AT&T or the Calculation Agent has notified the other of
such determination, the Calculation Agent will use, as a substitute for LIBOR (the “Alternative Rate”) for each Interest Determination Date thereafter, the reference rate selected as an alternative to LIBOR by the central bank, reserve
bank, monetary authority or any similar institution (including any committee or working group thereof) that is consistent with accepted market practice regarding the selection and use of a substitute for LIBOR. As part of such substitution, the
Calculation Agent will, after consultation with AT&T, make such adjustments (“Adjustments”) to the Alternative Rate or the spread thereon, as well as the business day convention, 

  
 3 

 
interest determination dates and related provisions and definitions, in each case that are consistent with accepted market practice for the use of such Alternative Rate for the notes. If the
Calculation Agent determines, following consultation with AT&T, that there is no clear market consensus as to whether any rate has replaced LIBOR in customary market usage, (A) The Bank of New York Mellon Trust Company, N.A. shall have the
right to resign as Calculation Agent in respect of the notes and (B) AT&T will appoint, in its sole discretion, a new calculation agent to replace The Bank of New York Mellon Trust Company, N.A., solely in its role as Calculation Agent in
respect of the Notes, determine the Alternative Rate and make any Adjustments thereto, and the determinations of such calculation agent will be binding on AT&T, the Trustee and the Holders of the Notes. If, however, The Bank of New York Mellon
Trust Company, N.A. or any subsequent Calculation Agent determines that LIBOR has been discontinued, but for any reason an Alternative Rate has not been determined, LIBOR will be equal to such rate on the interest determination date when LIBOR was
last available on the Bloomberg Screen BBAM Page, as determined by The Bank of New York Mellon Trust Company, N.A. or any subsequent Calculation Agent. 

The amount of interest for each day that the Notes are outstanding (the “Daily Interest Amount”) will be calculated by dividing the
Interest Rate in effect for such day by 360 and multiplying the result by the principal amount of the Notes (known as the “Actual/360” day count). The amount of interest to be paid on the Notes for any Interest Period will be calculated by
adding the Daily Interest Amounts for each day in such Interest Period. For the avoidance of doubt, for the first short Interest Payment Date, the Applicable LIBOR Rate will be 2.01632%. 

The Interest Rate on the Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by
United States law of general application. Additionally, the Interest Rate on the Notes will in no event be lower than zero. 
 The Interest
Rate and amount of interest to be paid on the Notes for each Interest Period will be determined by the Calculation Agent. The Calculation Agent will, upon the request of any Holder of the Notes, provide the interest rate then in effect with respect
to the Notes. All calculations made by the Calculation Agent shall in the absence of manifest error be conclusive for all purposes and binding on AT&T and the Holders of the Notes. So long as the Applicable LIBOR Rate is required to be
determined with respect to the Notes, there will at all times be a Calculation Agent. In the event that any then acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent shall fail duly to establish the Applicable
LIBOR Rate for any Interest Period, or that AT&T proposes to remove such Calculation Agent, AT&T shall appoint itself or another Person which is a bank, trust company, investment banking firm or other financial institution to act as the
Calculation Agent. 
 Any money that AT&T deposits with the Trustee or its Paying Agent for the payment of principal or any interest on
this Note that remains unclaimed for two years after the date upon which the principal and interest are due and payable, will be repaid to AT&T upon AT&T’s request unless otherwise required by mandatory provisions of any applicable
unclaimed property law. After that time, unless otherwise required by mandatory 

  
 4 

 
provisions of any unclaimed property law, the Holder of this Note will be able to seek any payment to which such Holder may be entitled to collect only from AT&T. 

If the Notes are issued in definitive form, payment of the principal and interest on this Note due at the Maturity Date or upon redemption
will be made at the Maturity Date or upon redemption, as the case may be, upon presentation of this Note, in immediately available funds, at the office of The Bank of New York Mellon Trust Company, N.A., the Paying and Transfer Agent and Registrar
for the Notes, currently located at 601 Travis Street, 16th Floor, Houston, Texas 77002. 

Payment of interest on this Note due on an Interest Payment Date, other than interest at maturity or upon redemption, may be paid by check
mailed to the address of the Holder entitled thereto as such address shall appear in the Note register. Notwithstanding the foregoing, (1) the Depository as Holder of the Notes or (2) a Holder of more than U.S.$5,000,000 in aggregate
principal amount of Notes in definitive form is entitled to require the Paying Agent to make payments of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by
the Holder in the United States, by sending appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days prior to the applicable Interest Payment Date. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 5 

 IN WITNESS WHEREOF, AT&T INC. has caused this instrument to be signed in its corporate
name, manually or by facsimile, by its duly authorized officers and has caused its corporate seal to be imprinted hereon. 
  

							
	Dated: August 22, 2018	 		 	AT&T INC.
				
	[SEAL]	 		 		 	
				
		 		 	By:	 	  

		 		 		 	 George B. Goeke
 Senior Vice President

and Treasurer

				
		 		 	By:	 	  

		 		 		 	 Julianne K. Galloway
 Vice President

and Assistant Treasurer

 Trustee’s Certificate of Authentication 

 

	
	 This is one of the Floating Rate Global Notes due 2024

of the series designated herein referred to
 in the
within-mentioned Indenture.

  

									
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
					
	By:	 	  
	  		 		 	Dated: August 22, 2018
		 	Authorized Signatory	  		 		 	

 REVERSE OF NOTE 

This Note is one of a duly authorized issue of debt securities of AT&T of the series specified on the face hereof, issued under and
pursuant to an Indenture, dated as of May 15, 2013, between AT&T and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee,” which term includes any successor Trustee under the Indenture), to which indenture
and all indentures supplemental thereto (collectively, the “Indenture”) reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, AT&T and the Holders
of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. The Notes will be issued in fully registered form only and in minimum denominations of $2,000 and integral multiples of $1,000 thereafter. This Note
is one of the series designated on the face hereof initially limited in aggregate principal amount to $3,750,000,000. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of AT&T and the rights of the Holders of the Notes under the Indenture at any time by AT&T and the Trustee with
the consent of the Holders of a majority in principal amount of the Notes at the time outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time outstanding to
waive compliance by AT&T with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of AT&T, which
is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

Registrar and Paying Agent 

AT&T shall maintain in the Borough of Manhattan, The City of New York, an office or agency where Notes may be surrendered for registration
of transfer or exchange (“Registrar”) and an office or agency where Notes may be presented for payment or for exchange (“Paying Agent”). AT&T has initially appointed the Trustee, The Bank of New York Mellon Trust Company,
N.A., as its Registrar and Paying Agent. AT&T may vary or terminate the appointment of any of its paying or transfer agencies, and may appoint additional paying or transfer agencies. 

 Payment of Additional Amounts 

AT&T will, subject to the exceptions and limitations set forth below, pay as additional interest on this Note such additional amounts
(“Additional Amounts”) as are necessary so that the net payment by AT&T or its Paying Agent of the principal of and interest on this Note to a person that is a United States Alien, after deduction for any present or future tax,
assessment or governmental charge of the United States or a political subdivision or taxing authority thereof or therein, imposed by withholding with respect to the payment, will not be less than the amount that would have been payable in respect of
this Note had no withholding or deduction been required. As used herein, “United States Alien” means any person who, for United States federal income tax purposes, is a foreign corporation, a
non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United
States federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 

The foregoing obligation to pay Additional Amounts shall not apply: 

(1)    to any tax, assessment or governmental charge that is imposed or withheld solely because the
beneficial owner, or a fiduciary, settlor, beneficiary or member of the beneficial owner if the beneficial owner is an estate, trust or partnership, or a person holding a power over an estate or trust administered by a fiduciary holder: 

(a)    is or was present or engaged in a trade or business in the United States, has or had a permanent
establishment in the United States, or has any other present or former connection with the United States or any political subdivision or taxing authority thereof or therein; 

(b)    is or was a citizen or resident or is or was treated as a resident of the United States; 

(c)    is or was a foreign or domestic personal holding company, a passive foreign investment company or a
controlled foreign corporation with respect to the United States or is or was a corporation that has accumulated earnings to avoid United States federal income tax; 

(d)    is or was a bank receiving interest described in Section 881(c)(3)(A) of the Internal Revenue
Code of 1986, as amended (the “Code”); or 
 (e)    is or was an actual or constructive owner
of 10% or more of the total combined voting power of all classes of stock of AT&T entitled to vote; 

(2)    to any Holder that is not the sole beneficial owner of the Notes, or a portion thereof, or that is a
fiduciary or partnership, but only to the extent that the beneficial owner, a beneficiary or settlor with respect to the fiduciary, or a member of the partnership would not have been entitled to the payment of an Additional Amount had such
beneficial owner, beneficiary, settlor or member received directly its beneficial or distributive share of the payment; 

  
 2 

 (3)    to any tax, assessment or governmental charge
that is imposed or withheld solely because the beneficial owner or any other person failed to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the
United States of the Holder or beneficial owner of the Notes, if compliance is required by statute, by regulation of the United States Treasury Department or by an applicable income tax treaty to which the United States is a party as a precondition
to exemption from such tax, assessment or other governmental charge; 
 (4)    to any tax, assessment or
governmental charge that is imposed other than by deduction or withholding by AT&T or a paying agent from the payment; 

(5)    to any tax, assessment or governmental charge that is imposed or withheld solely because of a change
in law, regulation, or administrative or judicial interpretation that is announced or becomes effective after the day on which the payment becomes due or is duly provided for, whichever occurs later; 

(6)    to an estate, inheritance, gift, sales, excise, transfer, wealth or personal property tax or any
similar tax, assessment or governmental charge; 
 (7)    to any tax, assessment or other governmental
charge any paying agent (which term may include AT&T) must withhold from any payment of principal of or interest on any Note, if such payment can be made without such withholding by any other paying agent; or 

(8)    in the case of any combination of the above items. 

In addition, any amounts to be paid on this Note will be paid net of any deduction or withholding imposed or required pursuant to Sections
1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted
pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code, and no Additional Amounts will be required to be paid on account of any such deduction or
withholding.     
 The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative
or judicial interpretation applicable. Except as specifically provided under this section entitled “Payment of Additional Amounts” and under the heading “Redemption Upon a Tax Event”, AT&T shall not have to make any payment
with respect to any tax, assessment or governmental charge imposed by any government or a political subdivision or taxing authority. 
 Any
reference in the terms of the Notes to any amounts in respect of the Notes shall be deemed also to refer to any Additional Amounts which may be payable under this provision. 

  
 3 

 Redemption Upon a Tax Event 

If (a) AT&T becomes or will become obligated to pay Additional Amounts as a result of any change in, or amendment to, the laws (or any
regulations or rulings promulgated thereunder) of the United States (or any political subdivision or taxing authority thereof or therein), or any change in, or amendments to, any official position regarding the application or interpretation of such
laws, regulations or rulings, which change or amendment is announced or becomes effective, on or after August 16, 2018 or (b) a taxing authority of the United States takes an action on or after August 16, 2018, whether or not with
respect to AT&T or any of its affiliates, that results in a substantial probability that AT&T will or may be required to pay such Additional Amounts, then AT&T may, at its option, redeem, as a whole, but not in part, the Notes on any
Interest Payment Date on not less than 30 nor more than 60 calendar days’ prior notice, at a redemption price equal to 100% of their principal amount, together with interest accrued thereon to the date fixed for redemption. No redemption
pursuant to (b) above may be made unless AT&T shall have received an opinion of independent counsel to the effect that an act taken by a taxing authority of the United States results in a substantial probability that AT&T will or may be
required to pay the Additional Amounts and AT&T shall have delivered to the Trustee a certificate, signed by a duly authorized officer, stating that based on such opinion, AT&T is entitled to redeem the Notes pursuant to their terms. 

Further Issues 
 AT&T
reserves the right from time to time, without notice to or the consent of the Holders of the Notes, to create and issue further notes ranking equally and ratably with the Notes in all respects, or in all respects except for the payment of interest
accruing prior to the issue date or except for the first payment of interest following the issue date of those further notes. Any further notes will have the same terms as to status, redemption or otherwise as, and will be fungible for United States
federal income tax purposes with, the Notes. Any further notes shall be issued pursuant to a resolution of the board of directors of AT&T, a supplement to the Indenture, or under an officers’ certificate pursuant to the Indenture. 

Notes in Definitive Form 

If (1) an Event of Default has occurred with regard to the Notes represented by this Note and has not been cured or waived in accordance
with the Indenture, or (2) the Depository is at any time unwilling or unable to continue as depository and a successor depository is not appointed by AT&T within 90 days, AT&T may issue notes in definitive form in exchange for this
Note. In either instance, an owner of a beneficial interest in the Notes will be entitled to the physical delivery in definitive form in exchange for this Note, equal in principal amount to such beneficial interest and to have such Notes registered
in its name. 
 Notes so issued in definitive form will be issued as registered notes in minimum denominations of $2,000 and integral
multiples of $1,000, unless otherwise specified by AT&T. 

  
 4 

 Notes so issued in definitive form may be transferred by presentation for registration to
the Registrar at its New York office and must be duly endorsed by the Holder or the Holder’s attorney duly authorized in writing, or accompanied by a written instrument or instruments of transfer in form satisfactory to AT&T or the Trustee
duly executed by the Holder or his attorney duly authorized in writing. 
 AT&T may require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection with any exchange or registration of transfer of definitive Notes. 

Default 
 In case an Event
of Default, as defined in the Indenture, shall have occurred and be continuing, the principal hereof may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in
the Indenture. 
 Miscellaneous 

No director, officer, employee or stockholder, as such, of AT&T shall have any liability for any obligations of AT&T under this Note,
the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting this Note waives and releases all such liability. The waiver and release are part of the consideration for the issue
of this Note. 
 The Notes are the unsecured and unsubordinated obligations of AT&T and will rank pari passu with all
other evidences of indebtedness issued in accordance with the Indenture. 
 Notices to holders of the Notes will be given only to the
depositary, in accordance with its applicable policies as in effect from time to time. 
 Prior to due presentment of this Note for
registration of transfer, AT&T, the Trustee and any agent of AT&T or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither AT&T, the
Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Note which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.  
 The Indenture and this Note shall be governed by and construed in
accordance with the laws of the State of New York. 

  
 5Exhibit 10.1

 

SUBSCRIPTION
AGREEMENT

 

This
Subscription Agreement is being delivered to the purchaser identified on the signature page to this Agreement (the “Subscriber”)
in connection with its investment in Hash Labs Inc., a Nevada corporation (the “Company”). The Company is conducting
a private placement (the “Offering”) for an amount of $1,000,000, consisting of shares of the Company’s
common stock, par value $0.0001 per share (the “Common Stock”), at a purchase price of $1.00 (the “Purchase
Price”) per such share for an aggregate of 1,000,000 shares (each a “Share” and collectively, the
“Shares”).

 

IMPORTANT
INVESTOR NOTICES

 

NO
OFFERING LITERATURE OR ADVERTISEMENT IN ANY FORM MAY BE RELIED UPON IN THE OFFERING OF THE SHARES EXCEPT FOR THIS SUBSCRIPTION
AGREEMENT AND ANY SUPPLEMENTS HERETO (THE “AGREEMENT”), AND NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATIONS
EXCEPT THOSE CONTAINED HEREIN.

 

THIS
AGREEMENT IS CONFIDENTIAL AND THE CONTENTS HEREOF MAY NOT BE REPRODUCED, DISTRIBUTED OR DIVULGED BY OR TO ANY PERSONS OTHER THAN
THE RECIPIENT OR ITS REPRESENTATIVE, ACCOUNTANT OR LEGAL COUNSEL, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY. EACH PERSON
WHO ACCEPTS DELIVERY OF THIS AGREEMENT ACKNOWLEDGES AND AGREES TO THE FOREGOING RESTRICTIONS.

 

THIS
AGREEMENT DOES NOT PURPORT TO BE ALL-INCLUSIVE OR TO CONTAIN ALL OF THE INFORMATION THAT YOU MAY DESIRE IN EVALUATING THE COMPANY,
OR AN INVESTMENT IN THE OFFERING. THIS AGREEMENT DOES NOT CONTAIN ALL OF THE INFORMATION THAT WOULD NORMALLY APPEAR IN A PROSPECTUS
FOR AN OFFERING REGISTERED UNDER THE SECURITIES ACT. YOU MUST CONDUCT AND RELY ON YOUR OWN EVALUATION OF THE COMPANY AND THE TERMS
OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED, IN DECIDING WHETHER TO INVEST IN THE OFFERING.

 

THIS
AGREEMENT DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO ANY PERSON OR IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION
IS UNLAWFUL OR NOT AUTHORIZED. EACH PERSON WHO ACCEPTS DELIVERY OF THIS AGREEMENT AGREES TO RETURN IT AND ALL RELATED DOCUMENTS
IF SUCH PERSON DOES NOT PURCHASE ANY OF THE SHARES DESCRIBED HEREIN.

 

NEITHER
THE DELIVERY OF THIS AGREEMENT AT ANY TIME NOR ANY SALE OF SHARES HEREUNDER SHALL IMPLY THAT INFORMATION CONTAINED HEREIN IS CORRECT
AS OF ANY TIME SUBSEQUENT TO ITS DATE. THE COMPANY WILL EXTEND TO EACH PROSPECTIVE INVESTOR (AND TO ITS REPRESENTATIVE, ACCOUNTANT
OR LEGAL COUNSEL, IF ANY) THE OPPORTUNITY, PRIOR TO ITS PURCHASE OF SHARES, TO ASK QUESTIONS OF AND RECEIVE ANSWERS FROM THE COMPANY
CONCERNING THE OFFERING AND TO OBTAIN ADDITIONAL INFORMATION, TO THE EXTENT THE COMPANY POSSESSES THE SAME OR CAN ACQUIRE IT WITHOUT
UNREASONABLE EFFORT OR EXPENSE, IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION SET FORTH HEREIN. ALL SUCH ADDITIONAL INFORMATION
SHALL ONLY BE PROVIDED IN WRITING AND IDENTIFIED AS SUCH BY THE COMPANY THROUGH ITS DULY AUTHORIZED OFFICERS AND/OR DIRECTORS
ALONE; NO ORAL INFORMATION OR INFORMATION PROVIDED BY ANY BROKER OR THIRD PARTY MAY BE RELIED UPON.

 

NO
REPRESENTATIONS, WARRANTIES OR ASSURANCES OF ANY KIND ARE MADE OR SHOULD BE INFERRED WITH RESPECT TO THE ECONOMIC RETURN, IF ANY,
THAT MAY ACCRUE TO AN INVESTOR IN THE COMPANY.

 

THIS
AGREEMENT CONTAINS FORWARD-LOOKING STATEMENTS REGARDING THE COMPANY’S PERFORMANCE, STRATEGY, PLANS, OBJECTIVES, EXPECTATIONS,
BELIEFS AND INTENTIONS. THE OUTCOME OF THE EVENTS DESCRIBED IN THESE FORWARD-LOOKING STATEMENTS IS SUBJECT TO SUBSTANTIAL RISKS,
AND ACTUAL RESULTS COULD DIFFER MATERIALLY.

  

     

     

    

 

THE
OFFERING PRICE OF THE SHARES HAS BEEN DETERMINED ARBITRARILY. THE PRICE OF THE SHARES DOES NOT NECESSARILY BEAR ANY RELATIONSHIP
TO THE ASSETS, EARNINGS OR BOOK VALUE OF THE COMPANY, OR TO POTENTIAL ASSETS, EARNINGS, OR BOOK VALUE OF THE COMPANY. THERE IS
NO ACTIVE TRADING MARKET IN THE COMPANY’S COMMON STOCK AND THERE CAN BE NO ASSURANCE THAT AN ACTIVE TRADING MARKET IN ANY
OF THE COMPANY’S SECURITIES WILL DEVELOP OR BE MAINTAINED. THE PRICE OF SHARES OF COMMON STOCK QUOTED ON THE OTC MARKETS
OR TRADED ON ANY EXCHANGE MAY BE IMPACTED BY A LACK OF LIQUIDITY OR AVAILABILITY OF SUCH SHARES FOR PUBLIC SALE AND ALSO WILL
NOT NECESSARILY BEAR ANY RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK VALUE OR POTENTIAL PROSPECTS OF THE COMPANY OR APPLICABLE
QUOTED OR TRADING PRICES THAT MAY EXIST FOLLOWING THE LAPSE OF RESTRICTIONS ON THE SHARES SOLD PURSUANT TO THE OFFERING OR OTHER
RESTRICTIONS. SUCH PRICES SHOULD NOT BE CONSIDERED ACCURATE INDICATORS OF FUTURE QUOTED OR TRADING PRICES THAT MAY SUBSEQUENTLY
EXIST FOLLOWING THIS OFFERING.

 

THE
COMPANY RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO REJECT ANY SUBSCRIPTION IN WHOLE OR IN PART FOR ANY REASON OR FOR NO REASON.
THE COMPANY IS NOT OBLIGATED TO NOTIFY RECIPIENTS OF THIS AGREEMENT WHETHER ALL OF THE SHARES OFFERED HEREBY HAVE BEEN SOLD.

 

SUBSCRIBERS
MAY BE DEEMED TO BE IN POSSESSION OF MATERIAL NON-PUBLIC INFORMATION WITHIN THE MEANING OF THE UNITED STATES SECURITIES LAWS AND
REGULATIONS REGARDING A PUBLIC COMPANY. THIS AGREEMENT CONTAINS CONFIDENTIAL INFORMATION CONCERNING THE COMPANY, AND HAS BEEN
PREPARED SOLELY FOR USE IN CONNECTION WITH THE OFFERING DESCRIBED HEREIN. ANY USE OF THIS INFORMATION FOR ANY PURPOSE OTHER THAN
IN CONNECTION WITH THE CONSIDERATION OF AN INVESTMENT IN THE SHARES THROUGH THE OFFERING DESCRIBED HEREIN MAY SUBJECT THE USER
TO CIVIL AND/OR CRIMINAL LIABILITY. THE RECIPIENT, BY ACCEPTING THIS AGREEMENT, AGREES NOT TO: (I) DISTRIBUTE OR REPRODUCE THIS
AGREEMENT, IN WHOLE OR IN PART, AT ANY TIME, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY; (II) TO KEEP CONFIDENTIAL THE EXISTENCE
OF THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN OR MADE AVAILABLE IN CONNECTION WITH ANY FURTHER INVESTIGATION OF THE COMPANY;
AND (III) REFRAIN FROM TRADING IN THE PUBLICLY-TRADED SECURITIES OF THE COMPANY OR ANY OTHER RELEVANT COMPANY FOR SO LONG AS SUCH
RECIPIENT IS IN POSSESSION OF THE MATERIAL NON-PUBLIC INFORMATION CONTAINED HEREIN. SUBSCRIBERS ARE ADVISED THAT THEY SHOULD SEEK
THEIR OWN LEGAL COUNSEL PRIOR TO EFFECTUATING ANY TRANSACTIONS IN THE PUBLICLY TRADED COMPANY’S SECURITIES.

 

FOR
RESIDENTS OF ALL STATES

 

THIS
OFFERING IS BEING MADE SOLELY TO “ACCREDITED INVESTORS,” AS SUCH TERM IS DEFINED IN RULE 501 OF REGULATION D UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THE SHARES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE AND WILL BE OFFERED AND SOLD IN RELIANCE UPON THE EXEMPTION FROM REGISTRATION
AFFORDED BY SECTION 4(a)(2) THEREUNDER AND REGULATION D (RULE 506) OF THE SECURITIES ACT AND CORRESPONDING PROVISIONS OF STATE
SECURITIES LAWS.

 

THE
SHARES OFFERED HEREBY ARE SUBJECT TO RESTRICTION ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS
PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD
BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

 

    	 	- 2 -	 

     

    

 

THE
SHARES OFFERED HEREBY HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (“SEC”),
ANY STATE SECURITIES COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED
THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

PROSPECTIVE
INVESTORS SHOULD NOT CONSTRUE THE CONTENTS OF THIS AGREEMENT AS INVESTMENT, LEGAL, BUSINESS, OR TAX ADVICE. EACH INVESTOR SHOULD
CONTACT HIS, HER OR ITS OWN ADVISORS REGARDING THE APPROPRIATENESS OF THIS INVESTMENT AND THE TAX CONSEQUENCES THEREOF, WHICH
MAY DIFFER DEPENDING ON AN INVESTOR’S PARTICULAR FINANCIAL SITUATION. IN NO EVENT SHOULD THIS AGREEMENT BE DEEMED OR CONSIDERED
TO BE TAX ADVICE PROVIDED BY THE COMPANY.

 

FOR
FLORIDA RESIDENTS ONLY

 

THE
SHARES REFERRED TO HEREIN WILL BE SOLD TO, AND ACQUIRED BY, THE HOLDER IN A TRANSACTION EXEMPT UNDER § 517.061 OF THE FLORIDA
SECURITIES ACT. THE SHARES HAVE NOT BEEN REGISTERED UNDER SAID ACT IN THE STATE OF FLORIDA. IN ADDITION, ALL FLORIDA RESIDENTS
SHALL HAVE THE PRIVILEGE OF VOIDING THE PURCHASE WITHIN THREE (3) DAYS AFTER THE FIRST TENDER OF CONSIDERATION IS MADE BY SUCH
SUBSCRIBER TO THE COMPANY, AN AGENT OF THE COMPANY, OR WITHIN THREE DAYS AFTER THE AVAILABILITY OF THAT PRIVILEGE IS COMMUNICATED
TO SUCH SUBSCRIBER, WHICHEVER OCCURS LATER.

  

    	 	- 3 -	 

     

    

 

1. SUBSCRIPTION
AND PURCHASE PRICE

  

(a) Subscription.
Subject to the conditions set forth in Section 2 hereof, the Subscriber hereby subscribes for and agrees to purchase the number
of Shares indicated on page 12 hereof on the terms and conditions described herein.

  

(b) Purchase
of Shares. The Subscriber understands and acknowledges that the Purchase Price to be remitted to the Company in exchange for
the Shares shall be set at $1.00 per Share, for an aggregate purchase price as set forth on page 12 hereof (the “Aggregate
Purchase Price”). The Subscriber’s delivery of this Agreement to the Company shall be accompanied by payment for
the Shares subscribed for hereunder, payable in United States Dollars, by wire transfer of immediately available funds delivered
contemporaneously with the Subscriber’s delivery of this Agreement to the Company in accordance with the wire instructions
provided on Annex A. The Subscriber understands and agrees that, subject to Section 2 and applicable laws, by executing
this Agreement, it is entering into a binding agreement.

 

2. Acceptance,
Offering Term and Closing Procedures

 

(a) Acceptance
or Rejection. Subject to full, faithful and punctual performance and discharge by the Company of all of its duties,
obligations and responsibilities as set forth in this Agreement and any other agreement entered into between the
Subscriber and the Company relating to this subscription (collectively, the “Transaction Documents”), the
Subscriber shall be legally bound to purchase the Shares pursuant to the terms and conditions set forth in this Agreement.
For the avoidance of doubt, upon the occurrence of the failure by the Company to fully, faithfully and punctually perform and
discharge any of its duties, obligations and responsibilities as set forth in any of the Transaction Documents, which shall
have been performed or otherwise discharged prior to the Closing, the Subscriber may, on or prior to the Closing (as defined
below), at its sole and absolute discretion, elect not to purchase the Shares and provide instructions to the Company to
receive the full and immediate refund of the Aggregate Purchase Price. The Subscriber understands and agrees that the Company
reserves the right to reject this subscription for Shares in whole or part in any order at any time prior to the Closing for
any reason or for no reason, notwithstanding the Subscriber’s prior receipt of notice of acceptance of the
Subscriber’s subscription. In the event the Closing does not take place because of (i) the rejection of subscription
for Shares by the Company; or (ii) the election not to purchase the Shares by the Subscriber; or (iii) failure to effectuate
an initial closing on or prior to August 17, 2018 (unless extended in the discretion of the Company) for any reason or no
reason, this Agreement and any other Transaction Documents shall thereafter be terminated and have no force or effect, and
the parties shall take all steps, to ensure that the Aggregate Purchase Price shall promptly be returned or caused to be
returned to the Subscriber without interest thereon or deduction therefrom.

 

(b) Closing.
The closing of the purchase and sale of the Shares hereunder (the “Closing”) shall take place at the offices
of the Company or such other place as determined by the Company and may take place in one of more closings. Closings shall take
place on a Business Day promptly following the satisfaction of the conditions set forth in Section 7 below, as determined by the
Company (the “Closing Date”). “Business Day” shall mean from the hours of 9:00 a.m. (Eastern
Time) through 5:00 p.m. (Eastern Time) of a day other than a Saturday, Sunday or other day on which commercial banks in New York,
New York are authorized or required to be closed. The Shares purchased by the Subscriber will be delivered by the Company promptly
on the Closing Date (as defined above).

  

(c) Following
Acceptance or Rejection. The Subscriber acknowledges and agrees that this Agreement and any other documents delivered in connection
herewith will be held by the Company. In the event that this Agreement is not accepted by the Company for whatever reason, which
the Company expressly reserves the right to do, this Agreement, the Aggregate Purchase Price received (without interest thereon)
and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as
set forth in this Agreement. If this Agreement is accepted by the Company, the Company is entitled to treat the Aggregate Purchase
Price received as an interest free loan to the Company until such time as the Subscription is accepted.

 

(d) Acknowledgments.
The Subscriber understands that the Shares are offered by the Company without any anti-dilution or similar protections, and further
understands and agrees that its signature hereto will constitute a surrender of all previous anti-dilution protection that may
have been granted to it by the Company, which protective provisions will cease and be null and void upon its execution and the
Company’s acceptance of this Agreement.

  

    	 	- 4 -	 

     

    

 

3. LOCK-Up

 

(a) Lock-Up.
In order to facilitate the consummation of the transaction contemplated herein, the Subscriber agrees to restrict the public sale,
assignment, transfer, conveyance, hypothecation or alienation of the Shares purchased pursuant to this Agreement in addition to
any other shares of Common Stock held by such Subscriber (the “Lock-Up Shares”), such that the Subscriber shall
not sell, assign, pledge, hypothecate, encumber, or transfer any of the Lock-Up Shares or any interest therein, until the six-month
anniversary of this Agreement (the “Lock-Up”).

 

(b) The
Subscriber agrees that it will not engage in any short selling (as defined under Rule 200 of Regulation SHO under the Securities
Exchange Act of 1934, as amended) of the Lock-Up Shares during the Lock-Up.

  

(c) The
Subscriber, upon receipt of the prior written consent of the Company, may transfer Lock-Up Shares during the Lock-Up only if such
transferee executes and delivers a copy of this Agreement.

 

(d) Notwithstanding
anything to the contrary set forth herein, the Company may, in its sole discretion and in good faith, at any time and from time
to time, waive any of the conditions or restrictions contained herein. Unless otherwise agreed to by the Subscribers who executed
this Agreement, all such waivers shall be pro rata, as to all of the Subscribers who executed this Agreement whose Lock-Up Shares
can, at the time of any such waiver, be publicly sold in accordance with the Securities Act, or Rule 144 promulgated thereunder
by the SEC or otherwise.

 

(e) Lock-Up
Termination. Other than a merger with a subsidiary, the Lock-Up shall terminate in the event of: (a) a completed tender offer
to purchase all or substantially all of the Company’s issued and outstanding securities; or (b) a merger, consolidation
or other reorganization of the Company with or into an unaffiliated entity; which results in (c) declaration of effectiveness
of a registration statement filed with the SEC by the reorganized Company registering the offering of an amount equal to at least
twenty percent (20%) of the then-issued and outstanding common stock (pre-offering). Any termination of the Lock-Up shall not
otherwise modify or alter the terms of this Agreement.

 

(f) Except
as otherwise provided in this Agreement or any other agreements between the parties, the Subscriber shall be entitled to its respective
beneficial rights of ownership of the Shares, including the right to vote the Shares for any and all purposes.

 

(g) The
resale restrictions on the Lock-Up Shares set forth in this Section 3 shall be in addition to all other restrictions on transfer
imposed by this Agreement, as well as applicable United States and state securities laws, rules and regulations.

  

4. THE
SUBSCRIBER’s Representations, Warranties AND cOVENANTS

 

The
Subscriber hereby acknowledges, agrees with and represents, warrants and covenants to the Company, as follows:

 

(a) The
Subscriber has full power and authority to enter into this Agreement, the execution and delivery of which has been duly authorized
by all the necessary corporate actions, and no other acts or proceedings on the part of the Subscriber are necessary to authorize
the execution, delivery or performance by the Subscriber of this Agreement, if applicable, and this Agreement constitutes a valid
and legally binding obligation of the Subscriber, except as may be limited by bankruptcy, reorganization, insolvency, moratorium
and similar laws of general application relating to or affecting the enforcement of rights of creditors, and except as enforceability
of the obligations hereunder are subject to general principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or law).

  

    	 	- 5 -	 

     

    

 

(b) The
Subscriber acknowledges its understanding that the Offering and sale of the Shares is intended to be exempt from registration
under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(a)(2) of the Securities
Act and the provisions of Regulation D promulgated thereunder (“Regulation D”). In furtherance thereof, the
Subscriber represents and warrants to the Company and its affiliates as follows:

   

(i) The
Subscriber realizes that the basis for the exemption from registration may not be available if, notwithstanding the Subscriber’s
representations contained herein, the Subscriber is merely acquiring the Shares for a fixed or determinable period in the future,
or for a market rise, or for sale if the market does not rise. The Subscriber does not have any such intention.

 

(ii) The
Subscriber realizes that the basis for exemption would not be available if the Offering is part of a plan or scheme to evade registration
provisions of the Securities Act or any applicable state or federal securities laws.

 

(iii) The
Subscriber is acquiring the Shares solely for investment purposes, and not with a view towards, or resale in connection with,
any distribution of the Shares.

 

(iv) The
Subscriber has the financial ability to bear the economic risk of the Subscriber’s investment, has adequate means for providing
for its current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.

 

(v) The
Subscriber and the Subscriber’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”) has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of a prospective investment in the Shares. If other than an individual, the Subscriber also represents it
has not been organized solely for the purpose of acquiring the Shares.

 

(vi) The
Subscriber (together with its Advisors, if any) has received all documents requested by the Subscriber or its agents (including
that which is attached hereto forming Composite Annex B, attached hereto), has carefully reviewed them and understands
the information contained therein, prior to the execution of this Agreement.

 

(c) The
Subscriber is not relying on the Company or any of its employees, agents, sub-agents or advisors with respect to the legal, tax,
economic and related considerations involved in this investment. The Subscriber has relied on the advice of, or has consulted
with, only its Advisors. Each Advisor, if any, has disclosed to the Subscriber in writing (a copy of which is annexed to this
Agreement) the specific details of any and all past, present or future relationships, actual or contemplated, between the Advisor
and the Company or any affiliate or sub-agent thereof.

 

(d) The
Subscriber has carefully considered the potential risks relating to the Company and a purchase of the Shares, and fully understands
that the Shares are a speculative investment that involves a high degree of risk of loss of the Subscriber’s entire
investment. Among other things, the Subscriber has carefully considered each of the risks as described on Annex C,
attached hereto.

 

(e) The
Subscriber will not sell or otherwise transfer any Shares without registration under the Securities Act or an exemption therefrom,
and fully understands and agrees that the Subscriber must bear the economic risk of its purchase because, among other reasons,
the Shares have not been registered under the Securities Act or under the securities laws of any state and, therefore, cannot
be resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and under
the applicable securities laws of such states, or an exemption from such registration is available. In particular, the Subscriber
is aware that the Shares are “restricted securities,” as such term is defined in Rule 144 promulgated under the Securities
Act (“Rule 144”), and they may not be sold pursuant to Rule 144 unless all of the conditions of Rule 144 are
met. The Subscriber understands that any sales or transfers of the Shares are further restricted by state securities laws and
the provisions of this Agreement.

 

(f) No
oral or written representations or warranties have been made, or information furnished, to the Subscriber or its Advisors, if
any, by the Company or any of its officers, employees, agents, sub-agents, affiliates, advisors or subsidiaries in connection
with the Offering, other than any representations of the Company contained herein, and in subscribing for the Shares, the Subscriber
is not relying upon any representations other than those contained herein.

  

    	 	- 6 -	 

     

    

 

(g) The
Subscriber’s overall commitment to investments that are not readily marketable is not disproportionate to the Subscriber’s
net worth, and an investment in the Shares will not cause such overall commitment to become excessive.

 

(h) The
Subscriber understands and agrees that the certificates for the Shares shall bear substantially the following legend until (i)
such Shares shall have been registered under the Securities Act and effectively disposed of in accordance with a registration
statement that has been declared effective or (ii) in the opinion of counsel acceptable to the Subscriber, such Shares may be
sold without registration under the Securities Act, as well as any applicable “blue sky” or state securities laws:

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS. SUCH SHARES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND MAY NOT BE
OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FILED BY THE ISSUER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION COVERING SUCH SHARES UNDER THE SECURITIES ACT OR
AN OPINION OF COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.

 

THE
TRANSFERABILITY OF THE SHARES REPRESENTED BY THIS STOCK CERTIFICATE IS SUBJECT TO THE TERMS OF THE LOCK-UP PROVISIONS OF THE SUBSCRIPTION
AGREEMENT ENTERED INTO BY THE SHAREHOLDER AND THE COMPANY.”

 

(i) Neither
the SEC nor any state securities commission has approved the Shares or passed upon or endorsed the merits of the Offering. There
is no government or other insurance covering any of the Shares.

 

(j) The
Subscriber and its Advisors, if any, have had a reasonable opportunity to ask questions of and receive answers from a person or
persons acting on behalf of the Company concerning the Offering, the Shares, and the business, financial condition, results of
operations and prospects of the Company, and all such questions have been answered to the full satisfaction of the Subscriber
and its Advisors, if any.

 

(k)         (i)In
making the decision to invest in the Shares the Subscriber has relied solely upon the information provided by the Company in the
Transaction Documents. To the extent necessary, the Subscriber has retained, at its own expense, and relied upon appropriate professional
advice regarding the investment, tax and legal merits and consequences of this Agreement and the purchase of the Shares hereunder.
The Subscriber disclaims reliance on any statements made or information provided by any person or entity in the course of Subscriber’s
consideration of an investment in the Shares other than the Transaction Documents. 

  

(ii) The
Subscriber represents and warrants that: (i) the Subscriber was contacted regarding the sale of the Shares by the Company (or
an authorized agent or representative thereof) with whom the Subscriber had a prior substantial pre-existing relationship and
(ii) no Shares were offered or sold to it by means of any form of general solicitation or general advertising, and in connection
therewith, the Subscriber did not (A) receive or review any advertisement, article, notice or other communication published in
a newspaper or magazine or similar media or broadcast over television or radio, whether closed circuit, or generally available;
or (B) attend any seminar meeting or industry investor conference whose attendees were invited by any general solicitation or
general advertising; or (C) observe any website or filing of the Company with the SEC in which any offering of securities by the
Company was described and as a result learned of any offering of securities by the Company.

  

(l) The
Subscriber has taken no action that would give rise to any claim by any person for brokerage commissions, finders’ fees
or the like relating to this Agreement or the transactions contemplated hereby.

 

(m) The
Subscriber is not relying on the Company or any of its employees, agents, or advisors with respect to the legal, tax, economic
and related considerations of an investment in the Shares, and the Subscriber has relied on the advice of, or has consulted with,
only its own Advisors.

  

    	 	- 7 -	 

     

    

 

(n)
 The Subscriber acknowledges that any estimates or forward-looking statements or projections
furnished by the Company to the Subscriber were prepared by the management of the Company in good faith, but that the attainment
of any such projections, estimates or forward-looking statements cannot be guaranteed by the Company or its management and should
not be relied upon.

 

(o) No
oral or written representations have been made, or oral or written information furnished, to the Subscriber or its Advisors, if
any, in connection with the Offering that are in any way inconsistent with the information contained herein.

 

(p) (For
ERISA plans only) The fiduciary of the ERISA plan (the “Plan”) represents that such fiduciary has been informed
of and understands the Company’s investment objectives, policies and strategies, and that the decision to invest “plan
assets” (as such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require diversification
of plan assets and impose other fiduciary responsibilities. The Subscriber or Plan fiduciary (i) is responsible for the decision
to invest in the Company; (ii) is independent of the Company and any of its affiliates; (iii) is qualified to make such investment
decision; and (iv) in making such decision, the Subscriber or Plan fiduciary has not relied primarily on any advice or recommendation
of the Company or any of its affiliates.

 

(q) This
Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges and
agrees that the Company reserves the right to reject any subscription for any reason or for no reason.

 

(r) The
Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors,
affiliates and shareholders, and each other person, if any, who controls any of the foregoing from and against any and all loss,
liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever
reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation
whether commenced or threatened) (a “Loss”) arising out of or based upon any representation or warranty of
the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith being untrue
in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber
herein or therein.

 

(s) The
Subscriber is, and on each date on which the Subscriber continues to own restricted Shares from the Offering will be, an “Accredited
Investor” as defined in Rule 501(a) under the Securities Act. In general, an “Accredited Investor” is deemed
to be an institution with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 (excluding such
person’s principal residence) or annual income exceeding $200,000 or $300,000 jointly with his or her spouse.

 

(t) The
Subscriber, either alone or together with its representatives, has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the Offering, and has so evaluated the merits and
risks of such investment. The Subscriber has not authorized any person or entity to act as its Purchaser Representative (as that
term is defined in Regulation D of the General Rules and Regulations under the Securities Act) in connection with the Offering.
The Subscriber is able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a
complete loss of such investment.

 

(u) The
Subscriber has reviewed, or had an opportunity to review, all of the SEC Filings (as defined below), and all “Risk Factors”
and “Forward Looking Statements” disclaimers contained therein. In addition, the Subscriber has reviewed and acknowledges
it has such knowledge, sophistication, and experience in securities matters.

  

    	 	- 8 -	 

     

    

 

5. The
Company’s Representations, Warranties and Covenants

 

The
Company hereby acknowledges, agrees with and represents, warrants and covenants to the Subscriber, as follows:

 

(a) Organization
and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
state of Nevada. The Company is duly qualified to do business, and is in good standing in the states required due to (a) the ownership
or lease of real or personal property for use in the operation of the Company's business or (b) the nature of the business conducted
by the Company. The Company has all requisite power, right and authority to own, operate and lease its properties and assets,
to carry on its business as now conducted, to execute, deliver and perform its obligations under this Agreement and the other
Transaction Documents to which it is a party, and to carry out the transactions contemplated hereby and thereby. All actions on
the part of the Company and its officers and directors necessary for the authorization, execution, delivery and performance of
this Agreement and the other Transaction Documents, the consummation of the transactions contemplated hereby and thereby, and
the performance of all of the Company's obligations under this Agreement and the other Transaction Documents have been taken or
will be taken prior to the Closing. This Agreement has been, and the other Transaction Documents to which the Company is a party
on the Closing will be, duly executed and delivered by the Company, and this Agreement is, and each of the other Transaction Documents
to which it is a party on the Closing will be, a legal, valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms.

 

(b) Issuance
of Shares. The Shares to be issued to the Subscriber pursuant to this Agreement, when issued and delivered in accordance with
the terms of this Agreement, will be duly and validly issued and will be fully paid and non-assessable.

 

(c) Authorization;
Enforcement. The execution, delivery and performance of this Agreement and the other Transaction Documents by the Company,
and the consummation of the transactions contemplated hereby and thereby, will not (a) constitute a violation (with or without
the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation or rule
of any court, agency or other governmental authority applicable to the Company, (b) require any consent, approval or authorization
of, or declaration, filing or registration with, any person (other than any filings required under applicable securities laws),
(c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of,
or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction,
encumbrance, obligation or liability to which the Company is a party or by which it is bound or to which any assets of the Company
are subject, (d) result in the creation of any lien or encumbrance upon the assets of the Company, or upon any Shares or other
securities of the Company, (e) conflict with or result in a breach of or constitute a default under any provision of the articles
of incorporation or the bylaws of the Company, or (f) invalidate or adversely affect any permit, license, authorization or status
used in the conduct of the business of the Company.

 

(d)
Capitalization and Additional Issuances. A capitalization table setting forth the authorized and outstanding capital stock
of the Company, on a fully diluted basis, as of the date of this Agreement is attached hereto as Annex D, attached
hereto. Except as set forth in the Company’s public filings with the SEC (“the SEC Filings”), there are no options,
warrants, or rights to subscribe to, securities, rights, understandings or obligations convertible into or exchangeable for or
giving any right to subscribe for any shares of capital stock or other equity interest of the Company or any of the Subsidiaries.
The only officer, director, employee and consultant stock option or stock incentive plan or similar plan currently in effect or
contemplated by the Company is described in the SEC Filings. There are no outstanding agreements or preemptive or similar rights
affecting the Company's Common Stock.

 

(e) Private
Placements. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section 4, no registration
under the Securities Act is required for the offer and sale of the Shares by the Company to the Subscribers as contemplated hereby.

   

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

 

    	 	- 9 -	 

     

    

  

6. OTHER
AGREEMENTS OF THE PARTIES

 

(a) Securities
Laws Disclosure; Publicity. The Company shall not publicly disclose the name of any Subscriber, or include the name of any
Subscriber in any filing with the SEC or any regulatory agency, without the prior written consent of such Subscriber, except to
the extent such disclosure is required by law.

 

(b) Integration.
The Company shall not, and shall use its best efforts to ensure that no affiliate of the Company shall, after the date hereof,
sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security that would be integrated with
the offer or sale of the Shares in a manner that would require the registration under the Securities Act of the sale of the Shares
to the Subscribers.

 

(c) Quotation.
As long as any Subscriber owns Shares, the Company shall use best efforts to maintain its “reporting status” with
the SEC.

 

7. CONDITIONS
TO ACCEPTANCE OF SUBSCRIPTION

 

The
Company’s right to accept the subscription of the Subscriber is conditioned upon satisfaction of the following conditions
precedent on or before the date the Company accepts such subscription:

 

(a) As
of the Closing, no legal action, suit or proceeding shall be pending that seeks to restrain or prohibit the transactions contemplated
by this Agreement.

 

(b) The
representations and warranties of the Company contained in this Agreement shall have been true and correct in all material respects
on the date of this Agreement and shall be true and correct as of the Closing as if made on the Closing Date.

 

		8.	MISCELLANEOUS
                                         PROVISIONS

 

(a) All
parties hereto have been represented by counsel, and no inference shall be drawn in favor of or against any party by virtue of
the fact that such party’s counsel was or was not the principal draftsman of this Agreement.

 

(b) Each
of the parties hereto shall be responsible to pay the costs and expenses of its own legal counsel in connection with the preparation
and review of this Agreement and related documentation.

 

(c) Neither
this Agreement, nor any provisions hereof, shall be waived, modified, discharged or terminated except by an instrument in writing
signed by the party against whom any waiver, modification, discharge or termination is sought.

 

(d) The
representations, warranties and agreement of the Subscriber and the Company made in this Agreement shall survive the execution
and delivery of this Agreement and the delivery of the Shares.

 

(e) Any
party may send any notice, request, demand, claim or other communication hereunder to the Subscriber at the address set forth
on the signature page of this Agreement or to the Company at its primary office (including personal delivery, expedited courier,
messenger service, fax, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication will
be deemed to have been duly given unless and until it actually is received by the intended recipient. Any party may change the
address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other
parties written notice in the manner herein set forth.

 

(f) Except
as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of, the parties to this Agreement
and their heirs, executors, administrators, successors, legal representatives and assigns. If the Subscriber is more than one
person or entity, the obligation of the Subscriber shall be joint and several and the agreements, representations, warranties
and acknowledgments contained herein shall be deemed to be made by, and be binding upon, each such person or entity and its heirs,
executors, administrators, successors, legal representatives and assigns. This Agreement sets forth the entire agreement and understanding
between the parties as to the subject matter hereof and merges and supersedes all prior discussions, agreements and understandings
of any and every nature among them.

  

    	 	- 10 -	 

     

    

 

(g) This
Agreement is not transferable or assignable by the Subscriber.

 

(h) Except
as otherwise provided herein, this Agreement shall not be changed, modified or amended except by a writing signed by both (a)
the Company and (b) the Subscribers.

 

(i) This
Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without giving effect to conflicts
of law principles.

 

(j) The
Company and the Subscriber hereby agree that any dispute that may arise between them arising out of or in connection with this
Agreement shall be adjudicated before a court located in Miami, Florida, and they hereby submit to the exclusive jurisdiction
of the federal and state courts of the State of Florida located in Miami, Florida with respect to any action or legal proceeding
commenced by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue of any such action
or proceeding brought in such a court or respecting the fact that such court is an inconvenient forum, relating to or arising
out of this Agreement or any acts or omissions relating to the sale of the Shares hereunder, and consent to the service of process
in any such action or legal proceeding by means of registered or certified mail, return receipt requested, postage prepaid, in
care of the address set forth herein or such other address as either party shall furnish in writing to the other.

 

(k) 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.

 

(l) This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

[Signature
Pages Follow]

  

    	 	- 11 -	 

     

    

 

SUBSCRIBER
MUST COMPLETE THIS PAGE

  

IN
WITNESS WHEREOF, the Subscriber has executed this Agreement on the __ day of August, 2018.

  

	 	x  $1.00  for
    each Share      =	 
	Shares
    subscribed for	 	      Aggregate
    Purchase Price

  

Manner
in which Title is to be held (Please Check One):

 

	1.	   ___	Individual	7.	___	Trust/Estate/Pension
        or Profit sharing Plan

         

        Date
        Opened:______________

	2.	___	Joint
    Tenants with Right of Survivorship	8.	___	As
        a Custodian for

         

        ________________________________

         

        Under
        the Uniform Gift to Minors Act of the State of

         

        ________________________________

	3.	___	Community
    Property	9.	___	Married
    with Separate Property
	4.	___	Tenants
    in Common	10.	___	Keogh
	5.	___	Corporation/Partnership/
    Limited Liability Company	11.	___	Tenants
    by the Entirety
	6.	___	IRA	 	 	 

  

ALTERNATIVE
DISTRIBUTION INFORMATION

 

To
direct distribution to a party other than the registered owner, complete the information below. YOU MUST COMPLETE THIS SECTION
IF THIS IS AN IRA INVESTMENT.

 

Name
of Firm (Bank, Brokerage, Custodian):

 

Account
Name:

 

Account
Number:

 

Representative
Name:

 

Representative
Phone Number:

 

Address:

 

City,
State, Zip:

  

    	 	- 12 -	 

     

    

 

IF
MORE THAN ONE SUBSCRIBER, EACH SUBSCRIBER MUST SIGN.

INDIVIDUAL SUBSCRIBERS MUST COMPLETE THIS PAGE 13.

SUBSCRIBERS WHICH ARE ENTITIES MUST COMPLETE PAGE 14.

 

EXECUTION
BY NATURAL PERSONS

  

	 	 	 
	 	Exact Name in Which Title is to be Held	 

 

	 	 	 
	Name (Please Print)	 	Name of Additional Subscriber
	 	 	 
	Residence: Number and Street	 	Address of Additional Subscriber
	 	 	 
	City, State and Zip Code	 	City, State and Zip Code
	 	 	 
	Social Security Number	 	Social Security Number
	 	 	 
	Telephone Number	 	Telephone Number
	 	 	 
	Fax Number (if available)	 	Fax Number (if available)
	 	 	 
	E-Mail (if available)	 	E-Mail (if available)
	 	 	 
	(Signature)	 	(Signature of Additional Subscriber)

 

ACCEPTED this ___ day of July, 2018, on behalf of the Company.

 

	 	By:	 
	 	 	Name: 	J. Mark Goode
	 	 	Title:	Chief Executive Officer

 

 

[SIGNATURE
PAGE FOR SUBSCRIPTION AGREEMENT]

 

    	 	- 13 -	 

     

    

 

 

EXECUTION BY SUBSCRIBER WHICH IS AN ENTITY

(Corporation, Partnership, LLC, Trust, Etc.)

 

 

Name of Entity (Please Print)

 

	Date of Incorporation or Organization:	 

 

	
        State/Country of Principal Office:
	 

 

	
        Federal Taxpayer Identification Number (or foreign
equivalent):
	 

 

	
         

	Office Address	 
	
         

         

	City, State and Zip Code	 

 

	 
	Telephone Number	 
	
         

         
	 
	Fax Number (if available)	 
	 	 
	E-Mail (if available)	 

 

	 	By:	
	 	 	Name: 
	 	 	Title:

 

ACCEPTED this ____ day of __________
2018, on behalf of the Company.

 

	 	By:	
	 	 	Name: J. Mark Goode
	 	 	Title: CEO

 

[SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT]

 

    	 	- 14 -	 

     

    

 

ANNEX A

 

Wire
Instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	- 15 -	 

     

    

 

COMPOSITE ANNEX B

 

Documentation
Provided to Subscriber

 

(See Attached)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	- 16 -	 

     

    

 

ANNEX C

 

RISK FACTORS

 

An investment in the Shares of the Company
involves a high degree of risk and should be considered only by persons who can afford to lose their entire investment and who
have no need for liquidity in their investment. You should carefully consider the risk factors described below, together with all
of the other information contained in the Subscription Agreement and all of the annexes thereto, before you decide to invest in
the Shares. The risk factors described below are not intended to be an exhaustive list of the general or specific risks involved,
but to identify certain risks that we currently foresee. Additional risks and uncertainties that are not yet identified or that
we currently consider to be immaterial may also materially adversely affect our business, financial condition and results of operation
in the future. Any of the risks described herein could materially adversely affect the Company and result in a complete loss of
your investment in the Shares. To the extent that any of the information contained in the Subscription Agreement and all of the
annexes thereto constitutes forward looking statements, the risk factors set forth below are cautionary statements identifying
important factors that could cause the actual results of the Company for various financial reporting periods to differ materially
from those expressed in any forward-looking statements made by or on behalf of the Company. 

 

Risks Related to the Company’s
Operations

 

We have a limited operating history
under our current business, and we may not succeed.

 

We have a limited operating history under
our current business and may not succeed. We are subject to all risks inherent in a developing business enterprise. You should
consider, among other factors, our prospects for success in light of the risks and uncertainties encountered by companies that,
like us, are in their early stages. For example, unanticipated expenses, problems, and technical difficulties may occur and they
may result in material challenges to our business. We may not be able to successfully address these risks and uncertainties or
successfully implement our operating strategies. If we fail to do so, such failure could materially aversively affect our business,
financial conditions and results of operation. We may never generate significant revenues or achieve profitability.

 

Product development is a long, expensive
and uncertain process.

 

The development of the Company’s
decentralized distributive ledger technology platform (“DLT”) and its gold-backed cryptocurrency (“CXAU”)
will be costly, complex, and time-consuming process, and investments in product development often involve a long period of time
until completed a return, if any, can be achieved on such an investment. We may face difficulties or delays in the development
process of the DLT and CXAU, which could result in our inability to timely offer products or services that satisfy the market.
We anticipate making significant investments in developing the DLT and CXAU, but such an investment is inherently speculative and
requires substantial capital expenditures. Any unforeseen technical obstacles and challenges that we encounter in the development
process could result in delays in, or the abandonment of, the development and launch of the DLT and CXAU, may substantially increase
development costs, which could negatively affect our business, financial condition and results of operations.

 

The Company may encounter significant
competition. 

 

There are many alternative gold-backed
crypto assets, distributive ledger technology platforms and blockchain based platforms, and more such alternatives are under development
by our competitors. Some of our competitors have considerably more financial resources than us, and the backing of traditional
large financial institutions. As a result, we may not be able to successfully compete in our market, which could result in our
failure to launch the DLT and CXAU. There can be no assurances that we will be able to compete successfully in this environment.

 

    	 	- 17 -	 

     

    

 

The DLT and CXAU and any blockchain
or distributive ledger technology on which the Company’s products may rely may be the target of malicious cyberattacks or
may contain exploitable flaws in its underlying code, which could result in security breaches and the loss or theft of any cryptocurrencies
we may launch (including the CXAU).  If such attacks occur or security is compromised, this could expose us to liability and
reputational harm and could seriously curtail the utilization of the DLT and CXAU, resulting in users reducing their use of the
DLT or stopping using the DLT altogether.

 

If the CXAU are issued, and if the DLT
is developed and launched, their structural foundation, the software applications and other interfaces or applications upon which
they rely or that will be built upon are unproven, and there can be no assurances that the DLT and the creating, transfer or storage
of the CXAU will be uninterrupted or fully secure, which could result in impermissible transfers, a complete loss a holder CXAU. 
The DLT may be subject to a cyberattack, software error, or other intentional or negligent act or omission that results in the
CXAU being lost, destroyed, exfiltrated, or otherwise compromised. Further, the DLT and CXAU (and any technology, including blockchain
technology, on which they rely) may also be the target of malicious attacks from hackers or malware distributors seeking to identify
and exploit weaknesses in the software, the DLT and CXAU which could result in the loss or theft of CXAU.  If such attacks
occur or security is compromised, this could expose us to liability and reputational harm and could seriously curtail the utilization
of the DLT and CXAU, resulting in users reducing their use of the DLT or stopping using the DLT altogether, which could have a
material adverse effect on our business, financial condition and results of operations.

 

Although the Company intends to implement
various security measures to minimize such risk of loss, damage, and theft, it cannot guarantee such implementation or the prevention
of any such loss, damage, or theft, whether caused intentionally, accidentally, or by an act of God.  

 

Some market participants may oppose
the development of distributed ledger or blockchain-based systems like those central to the Company’s commercial mission.

 

Many participants in the global securities
and commodities trading market, many of which have significantly greater resources, including financial resources and political
influence, than the Company, may oppose the development of capital markets and commodities systems and processes that utilize distributed
ledger and blockchain-based systems. The ability of the Company to operate and achieve its commercial goals could be adversely
affected by any actions of any such market participants that result in additional regulatory requirements or other activities that
make it more difficult for the Company to operate, which could have a material adverse effect on the Company’s business,
financial condition and results of operations.

 

If the DLT is unable to satisfy data
protection, security, privacy, and other government and industry-specific requirements, its growth could be harmed.

 

There are a number of data protection,
security, privacy, and other government- and industry-specific requirements, including those that require companies to notify individuals
of data security incidents involving certain types of personal data. Security compromises could harm the Company’s reputation,
erode user confidence in the effectiveness of its security measures, negatively impact its ability to attract new users, or cause
existing users to stop using the DLT, any of which could adversely affect the Company’s business, financial condition and
results of operations.

 

We may not be able to raise capital
as needed to develop the DLT or maintain our operations.

 

We may need to raise additional funds to
support our operations and strategies. Additional financing may not be available to us on favorable terms, if at all. If we cannot
raise needed funds on acceptable terms, the Company may not be able to develop and launch the DLT and CXAU or undertake other aspects
of its business, which could have a material adverse effect on its business, financial condition and results of operations.

 

    	 	- 18 -	 

     

    

 

In addition, our actual funding requirements
may be greater than those anticipated if certain assumptions turn out to be incorrect. Therefore, you should consider our estimates
in light of the following facts:

 

		·	the estimated funding requirements may
not reflect sufficient contingency amounts and may increase, perhaps substantially, if the Company is unable to generate revenues
in the amount and within the time frame expected or if the Company has unexpected cost increases; and 

 

		·	the Company faces many challenges and
risks, including those discussed herein.

 

The gold backing the CXAU may be
held by third party custodians, which are out of our control, and could be subject to loss, damage, theft or restriction on access

 

In the event the CXAU is developed and
launched, we intend that it be backed by gold stored securely within a vault, controlled by a custodial trust account through a
third party institutional trustee. Any failure by the custodian to properly secure or insure the gold reserves backing the CXAU,
resulting in part or all of the gold backing the CXAU being lost, damaged or stolen, or access to such gold being restricted, whether
by natural events (such as an earthquake) or human actions (such as a terrorist attack), could result in a decrease in the value
of the CXAU, which could expose the Company to liability and reputational harm and seriously curtail the utilization of the DLT,
which could have a material adverse effect on our business, financial condition, or results of operations.

  

Furthermore, In the event that part or
all of gold backing the CXAU is lost, damaged or stolen, or access to such gold is restricted by natural events (such as an earthquake)
or human actions (such as a terrorist attack).

 

Changes in general economic and business
conditions, internationally, nationally and in the markets in which we operate, could have an adverse effect on our business, financial
condition, or results of operations.

 

Our operating results may be subject to
factors which are outside of our control, including changes in general economic and business conditions, internationally, nationally
and in the markets in which we operate. Such factors could have a material adverse effect on our business, financial condition,
or results of operations.

 

In addition, disruptions in the credit
and financial markets, declines in consumer confidence, increases in unemployment, declines in economic growth and uncertainty
about earnings could have a significant negative impact on the U.S. and global financial and credit markets and the overall economy.
Such events could have an adverse impact on financial institutions resulting in limited access to capital and credit for many companies.
Furthermore, economic uncertainties make it very difficult to accurately forecast and plan future business activities. Changes
in economic conditions, changes in financial markets, deterioration in the capital markets or other factors could have an adverse
effect on the financial position, revenues, results of operations and cash flows of the Company and could materially adversely
affect our business, financial condition and results of operations.

 

Our results of operations will significantly
rely on our team of managers, advisors, and technical staff.

 

The successful operation and development
of our business will be dependent primarily upon the operating and management skills of our managers, advisors, and technical staff.
The loss of the services of any one of our personnel could have a material adverse impact on our ability to realize our objectives,
including the ability to develop and launch the DLT and CXAU, which could have a material adverse effect on our business, financial
condition and results of operations.

 

Risks Related to Our Proprietary Technologies

 

If we fail to protect our intellectual
property and proprietary rights, we could lose our ability to compete.

 

Our intellectual property and proprietary
rights are essential to our ability to remain competitive and successful in the development of our products and our business, including
the DLT and CXAU. We expect to rely on a combination of patent, trademark, copyright, and trade secret laws as well as confidentiality
agreements and procedures, non-competition agreements, and other contractual provisions to protect our intellectual property, other
proprietary rights, and our brand. Our intellectual property rights may be challenged, invalidated or circumvented by third parties.
We may not be able to prevent the unauthorized disclosure or use of our technical knowledge or other trade secrets by employees
or competitors. If we do not adequately protect our intellectual property or proprietary rights, our competitors could use it to
enhance their products, compete against us, and take our market share. Our inability to adequately protect our intellectual property
could adversely affect the Company’s business, financial condition and results of operations.

 

    	 	- 19 -	 

     

    

 

Other companies may claim that we
infringe their intellectual property.

We do not believe that our technologies
infringe, or will infringe, on the proprietary rights of any third party, but claims of infringement are becoming increasingly
common and third parties may assert infringement claims against us in the future. It may be difficult or impossible to identify,
prior to receipt of notice from a third party, the trade secrets, patent position or other intellectual property rights of a third
party. If any of our products or services, such as the DLT and CXAU if developed and launched, were found to infringe on other
parties’ proprietary rights and we are unable to come to terms regarding a license with such parties, we may be forced to
modify our products to make them non-infringing or to cease to offer such products altogether, which could adversely affect the
Company’s business, financial condition and results of operations.

 

Risks Related to Use of Blockchain Technology
and Crypto Assets

 

The loss or destruction of a private
key required to transfer crypto assets may be irreversible. 

 

The CXAU, if and when issued, may only
be transferred with the private key associated with it. To the extent a private key is lost, destroyed, exfiltrated, or otherwise
compromised and no backup of the private key is accessible, the holder of the CXAU associated with such private key will be unable
to transfer or use the CXAU. Consequently, such CXAU will effectively be lost and will not be replaced.

 

The further development and acceptance
of the Bitcoin network and other crypto asset systems, which represent a new and rapidly changing industry, are subject to a variety
of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of one or more crypto asset
networks may adversely affect the success of the DLT and the CXAU.

 

Digital asset networks, including the Bitcoin
network, are a new and rapidly evolving industry and technology. The growth of the crypto asset industry is subject to a high degree
of uncertainty. The factors affecting the further development of this industry include, among other things:

 

		·	continued worldwide growth in the adoption
and use of Bitcoin and other digital assets;

 

		·	government and quasi-government regulation
of Bitcoin and other crypto assets and their use, or restrictions on or regulation of access to and operation of the Bitcoin network
or similar crypto asset systems;

 

		·	the maintenance and development of the
open-source software protocol of various crypt asset networks;

 

		·	changes in consumer demographics and public
tastes and preferences;

 

		·	the availability and popularity of other
forms or methods of exchange, including new means of using fiat currencies; and

 

		·	general economic conditions and the regulatory
environment relating to crypto assets.

 

A decline in the popularity or acceptance
of one or more crypto assets or crypto asset networks may harm the Company. There is no assurance that any crypto asset network,
or the service providers necessary to accommodate it, will continue in existence or grow. Furthermore, there is no assurance that
the availability of and access to crypto asset service providers will not be negatively affected by government regulation or supply
and demand of any given crypto asset.

 

    	 	- 20 -	 

     

    

 

Currently, there is relatively limited
use of crypto assets in the retail and commercial marketplace in comparison to relatively extensive use by speculators, thus contributing
to price volatility that could affect holders of the CXAU.

 

As relatively new products and technologies,
crypto assets have only recently become selectively accepted as a means of payment for goods and services by many major retail
and commercial outlets, and use of crypto assets by consumers to pay such retail and commercial outlets remains limited. Banks
and other established financial institutions may refuse to (i) process funds for crypto asset transactions; (ii) process wire transfers
to or from crypto asset exchanges, crypto asset-related companies, or service providers; or (iii) maintain accounts for persons
or entities transacting in crypto assets. Conversely, a significant portion of crypto asset demand is generated by speculators
and investors seeking to profit from holding or trading crypto assets. Price volatility undermines certain crypto assets’
roles as mediums of exchange. Market capitalization for crypto assets as a medium of exchange and payment may not be accepted by
the general public. A lack of expansion of crypto assets into retail and commercial markets, or a contraction of such use, may
result in a change in price volatility, which could adversely impact our business, financial condition and results of operations
and the development and launch of the DLT and CXAU.

 

The development of quantum computing
crypto assets, along with the cryptography used to protect other financial institutions, may be vulnerable,

 

Like all cryptographic systems, crypto
assets may be vulnerable to quantum computing. While quantum computers have not been proven to exist at the date of the date hereof,
in the event that they are invented, crypto assets, along with the cryptography used to protect other financial institutions, may
be vulnerable and therefore adversely affected unless steps are taken to secure them against such technologies. If quantum computers
are developed it is likely that the Company’s business, financial condition and results of operations may be adversely affected.

 

Risks Related to Regulatory Environment

 

The regulatory regime governing blockchain
technologies, cryptocurrencies, tokens and token offerings is uncertain, and new regulations or policies may materially adversely
affect the development of the DLT and CXAU.

 

Regulation of tokens, token offerings,
cryptocurrencies, blockchain technologies, and distributive ledger technology is currently undeveloped and likely to rapidly evolve,
varies significantly among international, federal, state, and local jurisdictions, and is subject to significant uncertainty. Various
legislative and executive bodies in the United States and in other countries may in the future adopt laws, regulations, guidance,
or other actions, which could severely impact the development, launch and growth of the DLT or other platforms that the Company
may develop, which could adversely affect the Company’s business, financial condition and results of operations. Failure
by the Company to comply with any laws, rules, and regulations, some of which could not exist yet or are subject to interpretation
and may be subject to change, could result in a variety of adverse consequences, including civil penalties and fines.

 

As blockchain networks and assets have
grown in popularity and market size, federal and state agencies have begun to take interest in, and in some cases regulate, their
use and operation. The SEC has taken various actions against persons or entities misusing crypto assets in connection with fraudulent
schemes (i.e., Ponzi scheme), inaccurate and inadequate publicly disseminated information and the use of unregistered securities. 
The Commodity Futures Trading Commission (“CFTC”), likewise, has determined that bitcoin and other virtual currencies
can be treated as commodities under the Commodities Exchange Act (“CEA”), and, based on this determination,
the CFTC has applied CEA provisions and CFTC regulations that apply to transactions in commodity options and swaps to the conduct
of a bitcoin derivatives trading platform.

 

Local state regulators such as the New
York State Department of Financial Services, Texas, New Hampshire, North Carolina, and Washington have also initiated examinations
of crypto assets, blockchain networks, and the regulation thereof, or otherwise amended existing regulatory regimes to include
crypto assets and networks within the scope of their purview.

 

    	 	- 21 -	 

     

    

 

Crypto assets currently faces an uncertain
regulatory landscape in not only the United States but also in many foreign jurisdictions such as the European Union, China, and
Russia. Various foreign jurisdictions may, in the near future, adopt laws, regulations, or directives that could adversely affect
the DLT and CXAU. Such laws, regulations, or directives may conflict with those of the United States or may directly and negatively
impact our business, financial condition and results of operations. The effect of any future regulatory change is impossible to
predict, but such change could be substantial and materially adverse to the development, launch and growth of the DLT and CXAU.

 

To the extent that future regulatory actions
or policies limit the ability to exchange certain crypto assets or utilize them for payments, the demand for such assets will be
reduced, therefore potentially adversely affecting the viability of the DLT and CXAU. Furthermore, regulatory actions may limit
the ability of end-users to convert crypto assets into fiat currency (e.g., U.S. Dollars) or use them to pay for goods and services.
Similarly, regulatory actions could prevent the Company from accessing, purchasing, selling, or transferring crypto assets, and
could result in a loss of funds and/or the inability of the Company to operate, therefore affecting the viability of the DLT and
CXAU.

 

It may be illegal now, or in the
future, to acquire, own, hold, sell, or use crypto assets in one or more countries, and ownership of, holding, or trading of crypto
assets, such as the CXAU if developed and launched may be considered illegal and subject to sanction.

 

One or more countries such as China and
Russia may take regulatory actions in the future that severely restricts the right to acquire, own, hold, sell, or use certain
(or all) crypto assets or to exchange them for fiat currency. Such an action may also result in the restriction of ownership, holding,
or trading, in the CXAU. Such a restriction could adversely affect the development of an active trading market for the CXAU, and
the Company’s business, financial condition and results of operations.

 

Risks Related to the Shares

 

There is no public market for the
Shares.

 

Though our shares are quoted on the OTC
Pink, there is minimal trading in our common stock, and we cannot assure you that a public market for the Shares will develop.
We have not registered the sale of Shares under the Securities Act or any state securities laws. The securities offered hereby
are highly illiquid, and are not transferable except in accordance with the Securities Act. You may be required to retain the investment
in the Shares indefinitely. Each Subscriber of the Shares is required to represent that the Shares are being acquired for their
own account, for investment purposes only, and not with a view to resale. Consequently, the Shares may not be resold or otherwise
transferred unless they are subsequently registered under applicable securities laws or an exemption therefrom is available. In
view of these and other limitations to the transfer of the Shares as described herein, the Shares should be considered an illiquid
investment which may need to be held indefinitely. Accordingly, any Subscriber may not be able to liquidate his, her or its investment
in the Company in the event of an emergency or for any other reasons, and the Shares. Limitations on the transfer of the Shares
may also adversely affect the price that a Subscriber might be able to obtain for such securities in a private sale.

 

The price of the Shares has been
determined without a third party valuation or fairness opinion.

 

We have set the price of Shares based on
our determination of the value of our Company without the benefit of any third party valuation or fairness opinion or review. We
can give no assurance that our valuation of our Company is accurate, fair or reasonable. You must make your own determination as
to the accuracy, fairness or reasonableness of the price of the Shares.

 

No governmental entity has evaluated
our securities.

 

No federal or state commission, department
or agency has made any evaluation, finding, recommendation or endorsement with respect to the Shares.

 

Additional stock offerings in the
future may dilute then-existing shareholders’ percentage ownership of the Company.

 

Given our plans and expectations that we
may need additional capital and personnel, we may need to issue additional shares of common stock or securities convertible or
exercisable for shares of common stock, including convertible preferred stock, convertible notes, stock options or warrants. The
issuance of additional securities in the future will dilute the percentage ownership of then current stockholders.

 

    	 	- 22 -	 

     

    

 

ANNEX D

 

Capitalization

 

The following table
sets forth information with respect to the Company’s authorized and outstanding capital stock, on a fully diluted basis,
as of the date of the Subscription Agreement and after giving effect to the Offering.

 

	Company Shares	 	Prior to the Offering	 	 	Following the Offering	 
	Total authorized common stock	 	 	700,000,000	 	 	 	700,000,000	 
	Total shares issued and outstanding	 	 	21,981,580	 	 	 	22,981,580	 

 

The Company also has authorized 10,000,000 shares of “blank
check” preferred stock, none of which are outstanding.

  

    	 	- 23 -

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