Document:

Exhibit
10.78

 

 

 

NOTE
EXCHANGE AGREEMENT

 

by
and among

 

Nutralife
Biosciences, Inc.

 

And

 

Gregory
Ross

 

 

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	PAGE
	ARTICLE
    I.	DEFINITIONS	1
	Section
    1.01	Definitions.	1
	Section
    1.02	Interpretive
    Provisions	4
	 	 	 
	ARTICLE
    II.	EXCHANGE	4
	Section
    2.01	The
    Exchange	4
	Section
    2.02	Section
    3(a)(9).	5
	Section
    2.03	Closing	5
	Section
    2.04	Holder’s
    Deliverables.	5
	Section
    2.05	Company
    Issuance	5
	Section
    2.06	Additional
    Documents.	5
	Section
    2.07	Taxes.	5
	 	 	 
	ARTICLE
    III.	REPRESENTATIONS
    AND WARRANTIES OF THE HOLDER	6
	Section
    3.01	Existence
    and Power.	6
	Section
    3.02	Due
    Authorization.	6
	Section
    3.03	Valid
    Obligation	6
	Section
    3.04	Governmental
    Authorization.	6
	Section
    3.05	Title
    to and Issuance of Current Note.	6
	Section
    3.06	Broker’s,
    Finder’s or Similar Fees	6
	Section
    3.07	Investment
    Representations	6
	Section
    3.08	Full
    Disclosure	9
	 	 	 
	ARTICLE
    IV.	REPRESENTATIONS
    AND WARRANTIES OF THE COMPANY	9
	Section
    4.01	Organization	9
	Section
    4.02	No
    Conflict; Due Authorization	9
	Section
    4.03	Valid
    Obligation	9
	Section
    4.04	Governmental
    Authorization	9
	Section
    4.05	Approval
    of Agreement	9
	Section
    4.06	Broker’s,
    Finder’s or Similar Fees	9
	 	 	 
	ARTICLE
    V.	INDEMNIFICATION	10
	Section
    5.01	Indemnification
    of Company.	10
	Section
    5.02	Indemnification
    of Holder.	10
	Section
    5.03	Procedure	10
	Section
    5.04	Periodic
    Payments.	12
	Section
    5.05	Insurance	12
	Section
    5.06	Time
    Limit.	12
	 	 	 
	ARTICLE
    VI.	MISCELLANEOUS	12
	Section
    6.01	Governing
    Law	12
	Section
    6.02	Notices	13
	Section
    6.03	Attorneys’
    Fees	14
	Section
    6.04	Public
    Announcements and Filings	14
	Section
    6.05	Third
    Party Beneficiaries	14
	Section
    6.06	Expenses	14
	Section
    6.07	Entire
    Agreement	14
	Section
    6.08	Survival;
    Termination	14
	Section
    6.09	Amendment;
    Waiver	14
	Section
    6.10	Arm’s
    Length Bargaining; No Presumption Against Drafter.	15
	Section
    6.11	Headings	15
	Section
    6.12	No
    Assignment or Delegation.	15
	Section
    6.13	Commercially
    Reasonable Efforts	16
	Section
    6.14	Further
    Assurances.	16
	Section
    6.15	Specific
    Performance	16
	Section
    6.16	Counterparts	16

 

	Exhibit
    A	Current
    Note 
	Exhibit
    B	Form
    of New Note
	Exhibit
    C	Form
    of Warrant
	Exhibit
    B	Form
    of Assignment of Promissory Note

 

    	i

     

    

 

NOTE
EXCHANGE AGREEMENT

 

Dated
as of January 11, 2021

 

This
Note Exchange Agreement (together with the exhibits and other attachments hereto, this “Agreement”) is entered into
as of the date first set forth above (the “Closing Date”) by and between (i) Nutralife Biosciences, Inc., a Florida
corporation (the “Company”) and (ii) Gregory Ross (“Holder”). Each of the Company and Holder may be referred
to herein collectively as the “Parties” and separately as a “Party.”

 

WHEREAS,
Holder is the owner of the promissory note of the Company as attached hereto as Exhibit A (the “Current Note”);

 

WHEREAS,
pursuant to the Current Note, certain amounts are owed by the Company to the Holder (the “Indebtedness”); and

 

WHEREAS,
the Parties now desire to enter into this Agreement pursuant to which the Current Note shall be exchanged for a new promissory
note of the Company and a warrant to acquire certain shares of common stock, par value $0.0001 per share (the “Common Stock”)
of the Company, reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder (the “Securities Act”);

 

NOW
THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and
the mutual benefits to the Parties to be derived herefrom, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:

 

ARTICLE
I. DEFINITIONS

 

Section
1.01 Definitions. The following terms, as used herein, have the following meanings

 

	 	(a)	“Accredited
    Investor” has the meaning set forth in Section 3.07(b).
	 	 	 
	 	(b)	“Action”
    means any legal action, suit, claim, investigation, hearing or proceeding, including any audit, claim or assessment for Taxes
    or otherwise.
	 	 	 
	 	(c)	“Affiliate”
    means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
    with such Person.
	 	 	 
	 	(d)	“Agreement”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(e)	“Assignment”
    has the meaning set forth in Section 2.04.
	 	 	 
	 	(f)	“Authority”
    means any governmental, regulatory or administrative body, agency or authority, any court or judicial authority, any arbitrator,
    or any public, private or industry regulatory authority, whether international, national, Federal, state, or local.

 

    	1

     

    

 

	 	(g)	“Business
    Day” means any day that is not a Saturday, Sunday or other day on which banking institutions in Florida are authorized
    or required by law or executive order to close.
	 	 	 
	 	(h)	“Closing
    Date” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(i)	“Closing”
    has the meaning set forth in Section 2.03.
	 	 	 
	 	(j)	“Code”
    means the Internal Revenue Code of 1986, as amended.
	 	 	 
	 	(k)	“Company
    Indemnified Party” has the meaning set forth in Section 5.01.
	 	 	 
	 	(l)	“Company
    Indemnifying Party” has the meaning set forth in Section 5.02.
	 	 	 
	 	(m)	“Company
    Organizational Documents” has the meaning set forth in Section 4.02.
	 	 	 
	 	(n)	“Company
    Shares” has the meaning set forth in Section 3.07(f).
	 	 	 
	 	(o)	“Company”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(p)	“Control”
    of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management
    and policies of such Person, whether through the ownership of voting securities, by contract, or otherwise.” Controlled”,
    “Controlling” and “under common Control with” have correlative meanings. Without limiting the foregoing
    a Person (the “Controlled Person”) shall be deemed Controlled by (a) any other Person (the “10% Owner”)
    (i) owning beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast 10% or more
    of the votes for election of directors or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated
    or receive 10% or more of the profits, losses, or distributions of the Controlled Person; (b) an officer, director, general
    partner, partner (other than a limited partner), manager, or member (other than a member having no management authority that
    is not a 10% Owner ) of the Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew,
    mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for the
    benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person is a trustee.
	 	 	 
	 	(q)	“Current
    Note” has the meaning set forth in the recitals hereto.
	 	 	 
	 	(r)	“Exchange
    Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
	 	 	 
	 	(s)	“Exchange”
    has the meaning set forth in Section 2.01(c).
	 	 	 
	 	(t)	“Holder
    Indemnified Party” has the meaning set forth in Section 5.02.
	 	 	 
	 	(u)	“Holder
    Indemnifying Party” has the meaning set forth in Section 5.01.
	 	 	 
	 	(v)	“Holder”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(w)	“Holder”
    has the meaning set forth in the recitals hereto.

 

    	2

     

    

 

	 	(x)	“Indebtedness”
    has the meaning set forth in the recitals hereto.
	 	 	 
	 	(y)	“Indemnification
    Notice” has the meaning set forth in Section 5.03(a).
	 	 	 
	 	(z)	“Indemnified
    Party” has the meaning set forth in Section 5.03.
	 	 	 
	 	(aa)	“Indemnifying
    Party” has the meaning set forth in Section 5.03.
	 	 	 
	 	(bb)	“Law”
    means any domestic or foreign, federal, state, municipality or local law, statute, ordinance, code, rule, or regulation.
	 	 	 
	 	(cc)	“Lien”
    means any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, and any conditional
    sale or voting agreement or proxy, including any agreement to give any of the foregoing.
	 	 	 
	 	(dd)	“Losses”
    has the meaning set forth in Section 5.01.
	 	 	 
	 	(ee)	“New
    Instruments” has the meaning set forth in the Section 2.01(a).
	 	 	 
	 	(ff)	“Order”
    means any decree, order, judgment, writ, award, injunction, rule, injunction, stay, decree, judgment or restraining order
    or consent of or by an Authority.
	 	 	 
	 	(gg)	“Party”
    and “Parties” have the meanings set forth in the introductory paragraph hereto.
	 	 	 
	 	(hh)	“Person”
    means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
    limited liability company, association, trust or other entity or organization, including a government, domestic or foreign,
    or political subdivision thereof, or an agency or instrumentality thereof.
	 	 	 
	 	(ii)	“Regulation
    S” has the meaning set forth in Section 3.07(f).
	 	 	 
	 	(jj)	“Rule
    144” has the meaning set forth in Section 3.07(f).
	 	 	 
	 	(kk)	“Securities
    Act” has the meaning set forth in the recitals hereto.
	 	 	 
	 	(ll)	“Tax(es)”
    means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other assessment of any kind
    or nature imposed by the Internal Revenue Service and any other Authority responsible for the collection, assessment or imposition
    of any Tax or the administration of any Law relating to any Tax (including any income (net or gross), gross receipts, profits,
    windfall profit, sales, use, goods and services, ad valorem, franchise, license, withholding, employment, social security,
    workers compensation, unemployment compensation, employment, payroll, transfer, excise, import, real property, personal property,
    intangible property, occupancy, recording, minimum, alternative minimum, environmental or estimated tax), including any liability
    therefor as a transferee (including under Section 6901 of the Code or similar provision of applicable Law) or successor, as
    a result of Treasury Regulation Section 1.1502-6 or similar provision of applicable Law or as a result of any Tax sharing,
    indemnification or similar agreement, together with any interest, penalty, additions to tax or additional amount imposed with
    respect thereto.
	 	 	 
	 	(mm)	“Third
    Party Claim” has the meaning set forth in Section 5.03(a).

 

    	3

     

    

 

Section
1.02 Interpretive Provisions. Unless the express context otherwise requires:

 

	 	(a)	the
    words “hereof,” “herein,” and “hereunder” and words of similar import, when used in this
    Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement;
	 	 	 
	 	(b)	terms
    defined in the singular shall have a comparable meaning when used in the plural, and vice versa;
	 	 	 
	 	(c)	the
    terms “Dollars” and “$” mean United States Dollars;
	 	 	 
	 	(d)	references
    herein to a specific Section, Subsection, Recital, or Exhibit shall refer, respectively, to Sections, Subsections, Recitals
    or Exhibits of this Agreement;
	 	 	 
	 	(e)	wherever
    the word “include,” “includes,” or “including” is used in this Agreement, it shall be
    deemed to be followed by the words “without limitation”;
	 	 	 
	 	(f)	references
    herein to any gender shall include each other gender;
	 	 	 
	 	(g)	references
    herein to any Person shall include such Person’s heirs, executors, personal representatives, administrators, successors
    and assigns; provided, however, that nothing contained in this Section 1.03(g) is intended to authorize any assignment or
    transfer not otherwise permitted by this Agreement;
	 	 	 
	 	(h)	references
    herein to a Person in a particular capacity or capacities shall exclude such Person in any other capacity;
	 	 	 
	 	(i)	references
    herein to any contract or agreement (including this Agreement) mean such contract or agreement as amended, supplemented or
    modified from time to time in accordance with the terms thereof;
	 	 	 
	 	(j)	with
    respect to the determination of any period of time, the word “from” means “from and including” and
    the words “to” and “until” each means “to but excluding”;
	 	 	 
	 	(k)	references
    herein to any Law or any license mean such Law or license as amended, modified, codified, reenacted, supplemented or superseded
    in whole or in part, and in effect from time to time; and
	 	 	 
	 	(l)	references
    herein to any Law shall be deemed also to refer to all rules and regulations promulgated thereunder.

 

ARTICLE
II. EXCHANGE

 

Section
2.01 The Exchange.

 

	 	(a)	On
    the terms and subject to the conditions set forth in this Agreement, on the Closing Date the Holder shall sell, assign, transfer
    and deliver to the Company, free and clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any
    kind, nature, or description, the Current Note in exchange for the issuance to Holder of (i) a new promissory note of the
    Company in the form as attached hereto as Exhibit B (the “New Note”) and (ii) a warrant of the Company in the
    form as attached hereto as Exhibit C (the “Warrant” and, together with the New Note, collectively, the “New
    Instruments”).

 

    	4

     

    

 

	 	(b)	Promptly
    following the recordation of the Holder as the beneficial owner of the New Note, the Current Note shall be cancelled and terminated
    and of no further force or effect, the Indebtedness shall be deemed satisfied and paid in full and any and all security interests
    that Holder may have in any assets or property of the Company pursuant to the Current Note or any documents or agreements
    entered into in connection therewith shall be released and terminated and of no further force or effect.
	 	 	 
	 	(c)	The
    exchange as set forth in this Section 2.01, subject to the other terms and conditions herein, is referred to herein as the
    “Exchange.”

 

Section
2.02 Section 3(a)(9). The Company represents that the exchange of the Current Note for the New Instruments is being made
in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act and agrees not to take any
position contrary to this Section 2.02.

 

Section
2.03 Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur on
the Closing Date simultaneously with the execution and delivery of this Agreement by remote exchange of electronic documents.

 

Section
2.04 Holder’s Deliverables. At the Closing, the Holder shall deliver to the Company the Assignment of Promissory
Note in the form as attached hereto as Exhibit D with respect to the Current Note (the “Assignment”), and thus all
right, title and interest in and to the Current Note, free and clear of all liens, pledges, encumbrances, charges, restrictions
or known claims of any kind, nature, or description, accompanied by such other instruments of transfer duly executed in blank
and in form and substance satisfactory to the Company as required for the same to be transferred to the ownership of the Company,
with all necessary transfer Tax and other revenue stamps, acquired at Holder’s expense, affixed.

 

Section
2.05 Company Issuance. At the Closing and open receipt of the items as set forth in Section 2.04, the Company shall issue
to Holder the New Instruments, duly executed by the Company, and record the Holder as the owner of the New Instruments in the
books and records of the Company.

 

Section
2.06 Additional Documents. At and following the Closing, the Parties shall execute, acknowledge, and deliver (or shall
ensure to be executed, acknowledged, and delivered), any and all certificates, opinions, financial statements, schedules, agreements,
resolutions, rulings or other instruments required by this Agreement to be so delivered at or prior to the Closing, together with
such other items as may be reasonably requested by the Parties and their respective legal counsel in order to effectuate or evidence
the transactions contemplated hereby.

 

Section
2.07 Taxes. Holder will pay all income, gain, sales, use, value added, transfer, stamp, registration, documentary, excise,
real property transfer or gains, or similar Taxes incurred as a result of the transactions contemplated by this Agreement with
respect to Holder.

 

    	5

     

    

 

ARTICLE
III. REPRESENTATIONS AND WARRANTIES OF THE HOLDER

 

As
an inducement to, and to obtain the reliance of the Company, Holder represents and warrants to the Company, as of the Closing
Date, as follows:

 

Section
3.01 Existence and Power. Holder is a natural person and has the full power and is duly authorized under all applicable
Laws, regulations, ordinances, and orders of public authorities to carry on its business in all material respects as it is now
being conducted and to enter into this Agreement and fulfill its obligations herein.

 

Section
3.02 Due Authorization. The execution, delivery and performance of this Agreement does not, and the consummation of the
transactions contemplated hereby will not, violate any applicable Law. Holder has taken all actions required by Law or otherwise
to authorize the execution, delivery and performance of this Agreement and to consummate the transactions herein contemplated

 

Section
3.03 Valid Obligation. This Agreement and all agreements and other documents executed by Holder in connection herewith
constitute the valid and binding obligations of Holder, enforceable in accordance with its or their terms, except as may be limited
by the Enforceability Exceptions

 

Section
3.04 Governmental Authorization. Neither the execution, delivery nor performance of this Agreement by Holder requires any
consent, approval, license or other action by or in respect of, or registration, declaration or filing with any Authority.

 

Section
3.05 Title to and Issuance of Current Note. Holder is the record and beneficial owner and holder of the Current Note free
and clear of all Liens. No part of the Current Note is subject to pre-emptive or similar rights and Holder does not have any pre-emptive
rights or similar rights to purchase or receive any interest in the Current Note. Holder has the power and authority to transfer
the Current Note to the Company as contemplated pursuant to the terms of this Agreement. Upon delivery of the New Instruments
to Holder in exchange for the Current Note held by Holder as contemplated hereby, the Company shall acquire good and valid title
to such Current Note, free and clear of all Liens.

 

Section
3.06 Broker’s, Finder’s or Similar Fees. There are no brokerage commissions, finder’s fees or similar
fees or commissions payable by Holder in connection with the transactions contemplated hereby based on any agreement, arrangement
or understanding with Holder or any action taken by Holder.

 

Section
3.07 Investment Representations.

 

	 	(a)	Investment
                                         Purpose. Holder understands and agrees that the consummation of this Agreement including
                                         the delivery of the New Instruments to Holder in exchange for the Current Note as contemplated
                                         hereby constitutes the offer and sale of securities under the Securities Act and applicable
                                         state statutes and that the New Instruments are being acquired for
                                         Holder’s own account and not with a present view towards the public sale
                                         or distribution thereof, except pursuant to sales registered or exempted from registration
                                         under the Securities Act.

 

    	6

     

    

 

		(b)	Investor
                                         Status. Holder is an “accredited investor” as that term is defined in
                                         Rule 501(a) of Regulation D (an “Accredited Investor”) promulgated under
                                         the Securities Act. Holder has been furnished with all documents and materials relating
                                         to the business, finances and operations of the Company and its subsidiaries and information
                                         that Holder requested and deemed material to making an informed decision regarding this
                                         Agreement and the underlying transactions.
	 	 	 
		(c)	Reliance
                                         on Exemptions. Holder understands that the New Instruments are being offered and
                                         sold to the Holder in reliance upon specific exemptions from the registration requirements
                                         of United States federal and state securities Laws and that the Company is relying upon
                                         the truth and accuracy of, and the Holder’s compliance with, the representations,
                                         warranties, agreements, acknowledgments and understandings of the Holder set forth herein
                                         in order to determine the availability of such exemptions and the eligibility of the
                                         Holder to acquire the New Instruments.
	 	 	 
		(d)	Information.
                                         Holder and its advisors, if any, have been furnished with all materials relating to the
                                         business, finances and operations of the Company and materials relating to the offer
                                         and sale of the New Instruments which have been requested by Holder or its advisors.
                                         Holder and its advisors, if any, have been afforded the opportunity to ask questions
                                         of the Company. Holder understands that their investment in the New Instruments involves
                                         a significant degree of risk. The Holder represents and warrants that the Holder (i)
                                         can bear the economic risk of the Holder’s respective investments, and (ii) possesses
                                         such knowledge and experience in financial and business matters that the Holder is capable
                                         of evaluating the merits and risks of the investment in the Company and the New Instruments.
                                         The Holder acknowledges that he has carefully reviewed such information as the Holder
                                         has deemed necessary to evaluate an investment in the Company and the New Instruments.
	 	 	 
		(e)	Governmental
                                         Review. Holder understands that no United States federal or state agency or any other
                                         government or governmental agency has passed upon or made any recommendation or endorsement
                                         of the New Instruments. The Holder further acknowledges that neither the Securities and
                                         Exchange Commission nor the securities regulatory body of any other jurisdiction, has
                                         received, considered or passed upon the accuracy or adequacy of the information and representations
                                         made in this Agreement.
	 	 	 
		(f)	Transfer
                                         or Resale. Holder understands that (i) the sale or re-sale of the New Instruments
                                         and any shares of Common Stock that may be acquired pursuant to the New Instruments (collectively,
                                         the “Company Shares”) has not been and is not being registered under the
                                         Securities Act or any applicable state securities Laws, and the Company Shares may not
                                         be transferred unless (a) the Company Shares are sold pursuant to an effective registration
                                         statement under the Securities Act, (b) Holder shall have delivered to the Company, at
                                         the cost of Holder, an opinion of counsel that shall be in form, substance and scope
                                         customary for opinions of counsel in comparable transactions to the effect that the Company
                                         Shares to be sold or transferred may be sold or transferred pursuant to an exemption
                                         from such registration, which opinion shall be accepted by the Company, (c) the Company
                                         Shares are sold or transferred to an “affiliate” (as defined in Rule 144
                                         promulgated under the Securities Act (or a successor rule) (“Rule 144”))
                                         of Holder who agree to sell or otherwise transfer the Company Shares only in accordance
                                         with this Section 3.07 and who is an Accredited Investor, (d) the Company Shares are
                                         sold pursuant to Rule 144, or (e) the Company Shares are sold pursuant to Regulation
                                         S under the Securities Act (or a successor rule) (“Regulation S”), and Holder
                                         shall have delivered to the Company, at the cost of Holder, an opinion of counsel that
                                         shall be in form, substance and scope customary for opinions of counsel in corporate
                                         transactions, which opinion shall be accepted by the Company; (ii) any sale of such Company
                                         Shares made in reliance on Rule 144 may be made only in accordance with the terms of
                                         said Rule and further, if said Rule is not applicable, any re-sale of such Company Shares
                                         under circumstances in which the seller (or the person through whom the sale is made)
                                         may be deemed to be an underwriter (as that term is defined in the Securities Act) may
                                         require compliance with some other exemption under the Securities Act or the rules and
                                         regulations of the SEC thereunder; and (iii)neither the Company nor any other person
                                         is under any obligation to register such Company Shares under the Securities Act or any
                                         state securities Laws or to comply with the terms and conditions of any exemption thereunder
                                         (in each case). Notwithstanding the foregoing or anything else contained herein to the
                                         contrary, the Company Shares may be pledged as collateral in connection with a bona fide
                                         margin account or other lending arrangement.

 

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	 	(a)	Legends.
Holder understands that the Company Shares, until such time as the Company Shares have been registered under the Securities Act,
or may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular
date that can then be immediately sold, the Company Shares may bear a standard Rule 144 legend and a stop-transfer order may be
placed against transfer of the certificates for such Company Shares, and that any certificate representing the Company Shares
shall be endorsed with the following legends, in addition to any other legend required to be placed thereon by applicable federal
or state securities Laws:

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (TOGETHER WITH THE RULES AND REGULATIONS THEREUNDER, THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS.”

 

	 	(g)	Removal.
The legend(s) referenced in Section 1.01(a) shall be removed and the Company shall issue a certificate without such legend to
the holder of any Company Shares upon which it is stamped, if, unless otherwise required by applicable state securities Laws,
(a) the Company Shares are registered for sale under an effective registration statement filed under the Securities Act or otherwise
may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date
that can then be immediately sold, or (b) such holder provides the Company with an opinion of counsel, in
form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale
or transfer of such Company Shares may be made without registration under the Securities Act, which opinion shall be accepted
by the Company so that the sale or transfer is effected. Holder agrees to sell all Company Shares, including those represented
by a certificate(s) from which the legend has been removed, only in compliance with applicable prospectus delivery requirements,
if any.

 

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Section
3.08 Full Disclosure. No representation or warranty by Holder in this Agreement or any certificate or other document furnished
or to be furnished to the Company pursuant to this Agreement contains any untrue statement of a material fact, or omits to state
a material fact necessary to make the statements contained therein, in light of the circumstances in which they are made, not
misleading.

 

ARTICLE
IV. REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

As
an inducement to, and to obtain the reliance of the Holder, the Company represents and warrants to the Holder as of the Closing
Date as follows:

 

Section
4.01 Organization. The Company is a corporation duly organized, validly existing, and in good standing under the Laws of
the State of Florida and has the corporate power and is duly authorized under all applicable Laws, regulations, ordinances, and
orders of public authorities to carry on its business in all material respects as it is now being conducted.

 

Section
4.02 No Conflict; Due Authorization. The execution and delivery of this Agreement does not, and the consummation of the
transactions contemplated hereby will not, violate any provision of the Articles of Incorporation and Bylaws of the Company as
in effect on the Closing Date (the “Company Organizational Documents”). The Company has taken all action required
by Law, the Company Organizational Documents, or otherwise to authorize the execution and delivery of this Agreement, and the
Company has full power, authority, and legal right and has taken all action required by Law, the Company Organizational Documents
or otherwise to consummate the transactions herein contemplated.

 

Section
4.03 Valid Obligation. This Agreement and all agreements and other documents executed by the Company in connection herewith
constitute the valid and binding obligation of the Company, enforceable in accordance with its or their terms, except as may be
limited by the Enforceability Exceptions.

 

Section
4.04 Governmental Authorization. Neither the execution and delivery nor performance of this Agreement by any the Company
Party requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with
any Authority.

 

Section
4.05 Approval of Agreement. The Board of Directors of the Company has authorized the execution and delivery of this Agreement
by the Company and has approved this Agreement and the transactions contemplated hereby.

 

Section
4.06 Broker’s, Finder’s or Similar Fees. There are no brokerage commissions, finder’s fees or similar
fees or commissions payable by the Company in connection with the transactions contemplated hereby based on any agreement, arrangement
or understanding with the Company or any action taken by the Company.

 

    	9

     

    

 

ARTICLE
V. INDEMNIFICATION

 

Section
5.01 Indemnification of Company. Holder hereby agrees to indemnify and hold harmless to the fullest extent permitted by
applicable law, the Company, its Affiliates, representatives, members, managers, partners, directors, officers, employees, stockholders,
attorneys and agents and permitted assignees (each a “Company Indemnified Party”), against and in respect of any and
all out-of-pocket loss, cost, payments, demand, penalty, forfeiture, expense, liability, judgment, deficiency or damage, and diminution
in value or claim (including actual costs of investigation and attorneys’ fees and other costs and expenses) (all of the
foregoing collectively, “Losses”) incurred or sustained by any Company Indemnified Party as a result of or in connection
with any breach, inaccuracy or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of any of the representations,
warranties, covenants and agreements of Holder contained herein or in any of the additional agreements or any certificate or other
writing delivered pursuant hereto.

 

Section
5.02 Indemnification of Holder. The Company hereby agrees to indemnify and hold harmless to the fullest extent permitted
by applicable law the Holder and its Affiliates, representatives, members, managers, partners, directors, officers, employees,
stockholders, attorneys and agents and permitted assignees (each a “Holder Indemnified Party”), against and in respect
of any and all Losses incurred or sustained by any Holder Indemnified Party as a result of or in connection with any breach, inaccuracy
or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of any of the representations, warranties, covenants and
agreements of the Company contained herein or in any of the additional agreements or any certificate or other writing delivered
pursuant hereto.

 

Section
5.03 Procedure. The person or entity seeking indemnification pursuant to this Agreement shall be referred to as the “Indemnified
Party” and the person or entity from whom such indemnification is sought pursuant
to this Agreement shall be referred to as the “Indemnifying Party.” The following shall apply with respect to all
claims by any Holder Indemnified Party or Company Indemnified Party for indemnification:

 

		(a)	An
                                         Indemnified Party shall give the Indemnifying Party prompt notice (an “Indemnification
                                         Notice”) of any third-party Action with respect to which such Indemnified Party
                                         seeks indemnification pursuant to Section 5.01 or Section 5.02 (a “Third-Party
                                         Claim”), which shall describe in reasonable detail the Loss that has been or may
                                         be suffered by the Indemnified Party. The failure to give the Indemnification Notice
                                         shall not impair any of the rights or benefits of such Indemnified Party under Section
                                         5.01 or Section 5.02, except to the extent such failure materially and adversely affects
                                         the ability of the Indemnifying Party to defend such claim or increases the amount of
                                         such liability.
	 	 	 
		(b)	In
                                         the case of any Third-Party Claims as to which indemnification is sought by any Indemnified
                                         Party, such Indemnified Party shall be entitled, at the sole expense and liability
                                         of the Indemnifying Party, to exercise full control of the defense, compromise or settlement
                                         of any Third-Party Claim unless the Indemnifying Party, within a reasonable time after
                                         the giving of an Indemnification Notice by the Indemnified Party (but in any event within
                                         ten (10) days thereafter), shall (i) deliver a written confirmation to such Indemnified
                                         Party that the indemnification provisions
                                         of Section 5.01 or Section 5.02 are applicable to such Action and the Indemnifying Party
                                         will indemnify such Indemnified Party in respect of such Action pursuant to the terms
                                         of this Article V and, notwithstanding anything to the contrary, shall do so without
                                         asserting any challenge, defense, limitation on the Indemnifying Party’s liability
                                         for Losses, counterclaim or offset, (ii) notify such Indemnified Party in writing of
                                         the intention of the Indemnifying Party to assume the defense thereof, and (iii) retain
                                         legal counsel reasonably satisfactory to such Indemnified Party to conduct the defense
                                         of such Third-Party Claim.

 

    	10

     

    

 

		(c)	If
                                         the Indemnifying Party assumes the defense of any such Third-Party Claim pursuant to
                                         Section 5.03(b), then the Indemnified Party shall cooperate with the Indemnifying Party
                                         in any manner reasonably requested in connection
                                         with the defense, and the Indemnified Party shall have the right to be kept fully informed
                                         by the Indemnifying Party and their legal counsel with respect to the status of any legal
                                         proceedings, to the extent not inconsistent with the preservation of attorney-client
                                         or work product privilege. If the Indemnifying Party so assumes the defense of any such
                                         Third-Party Claim, the Indemnified Party shall have the right to employ separate counsel
                                         and to participate in (but not control) the defense, compromise, or settlement thereof,
                                         but the fees and expenses of such counsel employed by the Indemnified Party shall be
                                         at the expense of such Indemnified Party unless (i) the Indemnifying Party has agreed
                                         to pay such fees and expenses, or (ii) the named parties to any such Third-Party Claim
                                         (including any impleaded parties) include an Indemnified Party and the Indemnifying Party
                                         and the Indemnified Party shall have been advised by its counsel that there may be a
                                         conflict of interest between such Indemnified Party and the Indemnifying Party in the
                                         conduct of the defense thereof, and in any such case the reasonable fees and expenses
                                         of such separate counsel shall be borne by the Indemnifying Party.

 

		(d)	If
                                         the Indemnifying Party elects to assume the defense of any Third-Party Claim pursuant
                                         to Section 5.03(b), the Indemnified Party shall not pay, or permit to be paid, any part
                                         of any claim or demand arising from such asserted liability unless the Indemnifying Party
                                         withdraws from or fails to vigorously prosecute the defense of such asserted liability,
                                         or unless a judgment is entered against the Indemnified Party for such liability. If
                                         the Indemnifying Party does not elect to defend, or if, after commencing or undertaking
                                         any such defense, the Indemnifying Party fails to adequately prosecute or withdraw such
                                         defense, the Indemnified Party shall have the right to undertake the defense or settlement
                                         thereof, at the Indemnifying Party’s expense. Notwithstanding anything to the contrary,
                                         the Indemnifying Party shall not be entitled to control, but may participate in, and
                                         the Indemnified Party (at the expense of the Indemnifying Party) shall be entitled to
                                         have sole control over, the defense or settlement of (x) that part of any Third Party
                                         Claim (i) that seeks a temporary restraining order, a preliminary or permanent injunction
                                         or specific performance against the Indemnified Party, or (ii) to the extent such Third
                                         Party Claim involves criminal allegations against the Indemnified Party or (y) the entire
                                         Third Party Claim if such Third Party Claim would impose liability on the part of the
                                         Indemnified Party. In the event the Indemnified Party retains control of the Third-Party
                                         Claim, the Indemnified Party will not settle the subject claim without the prior written
                                         consent of the Indemnifying Party, which consent will not be unreasonably withheld or
                                         delayed.

 

		(e)	If
                                         the Indemnified Party undertakes the defense of any such Third-Party Claim pursuant to
                                         Section 5.03(b) and proposes to settle the same prior to a final judgment thereon or
                                         to forgo appeal with respect thereto, then the Indemnified Party shall give the Indemnifying
                                         Party prompt written notice thereof and the Indemnifying Party shall have the right to
                                         participate in the settlement, assume or reassume the defense thereof or prosecute such
                                         appeal, in each case at the Indemnifying Party’s expense.

 

    	11

     

    

 

		(f)	The
                                         Indemnifying Party shall not, without the prior written consent of such Indemnified Party
                                         settle or compromise or consent to entry of any judgment with respect to any such Third-Party
                                         Claim (i) in which any relief other than the payment of money damages is or may be sought
                                         against such Indemnified Party, (ii) in which such Third Party Claim could be reasonably
                                         expected to impose or create a monetary liability on the part of the Indemnified Party
                                         (such as an increase in the Indemnified Party’s income Tax) other than the monetary
                                         claim of the third party in such Third-Party Claim being paid pursuant to such settlement
                                         or judgment, or (iii) which does not include as an unconditional term thereof the giving
                                         by the claimant, person conducting such investigation or initiating such hearing, plaintiff
                                         or petitioner to such Indemnified Party of a release from all liability with respect
                                         to such Third-Party Claim and all other Actions (known or unknown) arising or which might
                                         arise out of the same facts.

 

Section
5.04 Periodic Payments. Any indemnification required by this Article V for costs, disbursements or expenses of any Indemnified
Party in connection with investigating, preparing to defend or defending any Action shall be made by periodic payments by the
Indemnifying Party to each Indemnified Party during the course of the investigation or defense, as and when bills are received
or costs, disbursements or expenses are incurred.

 

Section
5.05 Insurance. Any indemnification payments hereunder shall take into account any insurance proceeds or other third-party
reimbursement actually received.

 

Section
5.06 Time Limit. The obligations of the Holder and the Company Indemnifying Party under Section 5.01 and Section 5.02 shall
expire two (2) years from the Closing Date, except with respect to (i) an indemnification claim asserted in accordance with the
provisions of this Article V which remains unresolved, for which the obligation to indemnify shall continue until such claim is
resolved; and (ii) resolved claims for which payment has not yet been paid to the Indemnified Party.

 

ARTICLE
VI. MISCELLANEOUS

 

Section
6.01 Governing Law; Jurisdiction; Waiver of Jury Trial.

 

		(a)	This
                                         Agreement and any of the New Instruments, if applicable, shall be governed by, enforced,
                                         and construed under and in accordance with the Laws of the State of Florida, without
                                         giving effect to the principles of conflicts of law thereunder.
	 	 	 
		(b)	ANY
                                         LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, ANY NEW
                                         INSTRUMENTS, IF APPLICABLE, OR THE TRANSACTIONS CONTEMPLATED HEREIN SHALL BE INSTITUTED
                                         SOLELY IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE
                                         OF FLORIDA, IN EACH CASE LOCATED IN BROWARD COUNTY, FLORIDA, AND EACH PARTY IRREVOCABLY
                                         SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.
                                         SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY’S ADDRESS
                                         SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER
PROCEEDING BROUGHT IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF
ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT
ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

    	12

     

    

 

		(c)	EACH
                                         PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS THIS AGREEMENT,
                                         ANY NEW INSTRUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREIN IS LIKELY TO INVOLVE COMPLICATED
                                         AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY
                                         WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING
                                         OUT OF OR RELATING TO THIS AGREEMENT, ANY NEW INSTRUMENTS OR THE TRANSACTIONS CONTEMPLATED
                                         HEREIN. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE
                                         OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
                                         NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY
                                         HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY,
                                         AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
                                         THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 6.01(c).

 

Section
6.02 Notices.

 

		(a)	Any
                                         notice or other communications required or permitted hereunder shall be in writing and
                                         shall be sufficiently given if personally delivered to it or sent by email with return
                                         receipt requested, overnight courier or registered mail or certified mail, postage prepaid,
                                         addressed as follows:

 

If
to the Company:

 

NutraLife
Biosciences, Inc.

Attn:
Edgar Ward

6601
Lyons Road, Suite L-6

Coconut
Creek, FL 33073

Email:
edgar@nutralifebiosciences.com

 

With
a copy, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
John Cacomanolis

625
North Flagler Drive, Suite 600

West
Palm Beach, Florida 33401

Email:
jcacomanolis@anthonypllc.com

 

    	13

     

    

 

If
to Holder, to the address for notices set forth on the signature page hereto.

 

	 	(b)	Any
    Party may change its address for notices hereunder upon notice to each other Party in the manner for giving notices hereunder.
	 	 	 
	 	(c)	Any
    notice hereunder shall be deemed to have been given (i) upon receipt, if personally delivered, (ii) on the day after dispatch,
    if sent by overnight courier, (iii) upon dispatch, if transmitted by email with return receipt requested and received and
    (iv) three (3) days after mailing, if sent by registered or certified mail.

 

Section
6.03 Attorneys’ Fees. In the event that any Party institutes any action or suit to enforce this Agreement or to secure
relief from any default hereunder or breach hereof, the prevailing Party shall be reimbursed by the losing Party for all costs,
including reasonable attorney’s fees, incurred in connection therewith and in enforcing or collecting any judgment rendered
therein.

 

Section
6.04 Public Announcements and Filings. Unless required by applicable Law or regulatory authority, none of the Parties will
issue any report, statement or press release to the general public, to the trade, to the general trade or trade press, or to any
third party (other than its advisors and representatives in connection with the transactions contemplated hereby) or file any
document, relating to this Agreement and the transactions contemplated hereby, except as may be mutually agreed by the Parties.
Copies of any such filings, public announcements or disclosures, including any announcements or disclosures mandated by Law or
regulatory authorities, shall be delivered to each Party at least one (1) Business Day prior to the release thereof.

 

Section
6.05 Third Party Beneficiaries. This contract is strictly between the Company and the Holder and, except as specifically
provided (including in Article V), no other Person and no director, officer, stockholder, employee, agent, independent contractor
or any other Person shall be deemed to be a third-party beneficiary of this Agreement.

 

Section
6.06 Expenses. Other than as specifically set forth herein, each of the Company and the Holder will bear their own respective
expenses, including legal, accounting and professional fees, incurred in connection with the Exchange or any of the other transactions
contemplated hereby.

 

Section
6.07 Entire Agreement. This Agreement and the New Instruments represent the entire agreement between the Parties relating
to the subject matter thereof and supersede all prior agreements, understandings and negotiations, written or oral, with respect
to such subject matter.

 

Section
6.08 Survival; Termination. The representations, warranties, and covenants of the respective Parties shall survive the
Closing Date and the consummation of the transactions herein contemplated for a period of two years.

 

Section
6.09 Amendment; Waiver; Severability; Remedies

 

	 	(a)	This
    Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms, covenants, representations,
    warranties or conditions hereof may be waived, only by a written instrument executed by the Company and the Holder.

 

	 	(b)	Every
    right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law,
    or in equity, and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by
    the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing.

 

    	14

     

    

 

	 	(c)	Neither
    any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor
    any course of dealing shall constitute a waiver of or prevent any Party from enforcing any right or remedy or from requiring
    satisfaction of any condition. No notice to or demand on a Party waives or otherwise affects any obligation of that Party
    or impairs any right of the Party giving such notice or making such demand, including any right to take any action without
    notice or demand not otherwise required by this Agreement. No exercise of any right or remedy with respect to a breach of
    this Agreement shall preclude exercise of any other right or remedy, as appropriate to make the aggrieved Party whole with
    respect to such breach, or subsequent exercise of any right or remedy with respect to any other breach.
	 	 	 
	 	(d)	If
    any term, condition or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid,
    illegal or incapable of being enforced by any rule of law or public policy, all other terms, conditions and provisions of
    this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
    contemplated by this Agreement is not affected in any manner materially adverse to any Party. Upon such determination that
    any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith
    to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable
    manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the fullest
    extent possible.
	 	 	 
	 	(e)	Notwithstanding
    anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential, punitive or exemplary
    damages, under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement
    or any provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

Section
6.10 Arm’s Length Bargaining; No Presumption Against Drafter. This Agreement has been negotiated at arm’s-length
by parties of equal bargaining strength, each represented by counsel or having had but declined the opportunity to be represented
by counsel and having participated in the drafting of this Agreement. This Agreement creates no fiduciary or other special relationship
between the Parties, and no such relationship otherwise exists. No presumption in favor of or against any Party in the construction
or interpretation of this Agreement or any provision hereof shall be made based upon which Person might have drafted this Agreement
or such provision.

 

Section
6.11 Headings. The headings contained in this Agreement are intended solely for convenience and shall not affect the rights
of the Parties.

 

Section
6.12 No Assignment or Delegation. No Party may assign any right or delegate any obligation hereunder, including by merger,
consolidation, operation of law, or otherwise, without the written consent of all of the Parties and any purported assignment
or delegation without such consent shall be void, in addition to constituting a material breach of this Agreement. This Agreement
shall be binding on the permitted successors and assigns of the Parties.

 

    	15

     

    

 

Section
6.13 Commercially Reasonable Efforts. Subject to the terms and conditions herein provided, each Party shall use their respective
commercially reasonable efforts to perform or fulfill all conditions and obligations to be performed or fulfilled by it under
this Agreement so that the transactions contemplated hereby shall be consummated as soon as practicable, and to take, or cause
to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and regulations
to consummate and make effective this Agreement and the transactions contemplated herein.

 

Section
6.14 Further Assurances. Each Party shall execute and deliver such documents and take such action, as may reasonably be
considered within the scope of such Party’s obligations hereunder, necessary to effectuate the transactions contemplated
by this Agreement.

 

Section
6.15 Specific Performance. The Parties agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed by them in accordance with the terms hereof or were otherwise breached and that each Party
hereto shall be entitled to an injunction or injunctions, specific performance and other equitable relief to prevent breaches
of the provisions hereof and to enforce specifically the terms and provisions hereof, without the proof of actual damages, in
addition to any other remedy to which they are entitled at law or in equity. Each Party agrees to waive any requirement for the
security or posting of any bond in connection with any such equitable remedy, and agrees that it will not oppose the granting
of an injunction, specific performance or other equitable relief on the basis that (a) the other Party has an adequate remedy
at law, or (b) an award of specific performance is not an appropriate remedy for any reason at law or equity.

 

Section
6.16 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and
all of which taken together shall be but a single instrument. The execution and delivery of a facsimile or other electronic transmission
of a signature to this Agreement shall constitute delivery of an executed original and shall be binding upon the person whose
signature appears on the transmitted copy.

 

[Signatures
Appear on Following Page]

 

    	16

     

    

 

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

 

	 	Nutralife
    Biosciences, Inc.
	 	 
	 	By:	/s/ Edgar
    Ward
	 	Name:	Edgar
    Ward
	 	Title:	Chief
    Executive Officer

 

	 	Gregory Ross
	 	 	 
	 	By:	/s/ Gregory Ross
	 	Name:	Gregory Ross
	 	 	 
	 	Address for notices: 
	 	 	 
	 	Gregory Ross 
	 	515 Windermere Lane 
	 	Annoyo Grande, CA 93240 
	 	Email:	drosscva@gmail.com

 

    	17

     

    

 

Exhibit
A

 

Current
Note

 

(Attached)

 

    	 

     

    

 

Exhibit
B

 

New
Promissory Note

 

(Attached)

 

    	 

     

    

 

Exhibit
C

 

Warrant

 

(Attached)

 

    	 

     

    

 

Exhibit
D

 

Assignment
and Assumption of Promissory Note

 

Dated
as of January 11, 2021

 

This
Assignment and Assumption of Promissory Note (“Assignment”) dated as of the date set forth above, is entered into
by and between the person or entity as set forth on the signature page hereto (“Assignor”), and Nutralife Biosciences,
Inc., a Florida corporation. This Assignment is entered into pursuant to the Note Exchange Agreement by and between Assignor and
Assignee, dated as of the date set forth above (the “Exchange and Acknowledgement Agreement”). Defined terms used
herein without definition shall have the meanings as set forth in the Exchange and Acknowledgement Agreement.

 

That
Assignor, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration received
from or on behalf of the Assignee at or before the ensealing and delivery of these presents, the receipt and sufficiency whereof
is hereby acknowledged, hereby assigns, transfers and sets over unto the Assignee all its right, title and interest in and to
the Current Note held by Assignor as identified on Exhibit A to the Exchange Agreement (the “Current Note”).

 

Assignor,
in connection with its assignment of the Current Note, does hereby represent and warrant to, covenant and agree with, the Assignee
that immediately prior to this Agreement:

 

 1. Assignor has good and unencumbered right title and interest in the Current Note, as well as lawful authority to execute this Assignment;

     

 2. All representations, warranties and covenants of Assignor herein and under the Exchange and Acknowledgement Agreement are true and correct, and are made as an inducement of and to Assignee to accept this Assignment and Assignor’s liability as to said representations and warranties shall survive the delivery of this Assignment; and

 

3.
This Assignment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which taken
together shall constitute one and the same instrument. Facsimile signatures hereupon shall be deemed their originals for all purposes.

 

TO
HAVE AND TO HOLD the same unto the Assignee, its legal representatives, successors, heirs and assigns forever.

 

[Remainder
of page intentionally left blank. Signature page follows.]

 

    	Exhibit D - Page 1

     

    

 

IN
WITNESS WHEREOF, the parties hereunto have caused this Assignment to be executed on the day and year first above written.

 

	 	Gregory
    Ross
	 	 	 
	 	By:	
	 	Name:	Gregory
    Ross

 

STATE
OF _____________

COUNTY
OF _______________

 

Sworn
to and subscribed before me this ___ day of January, 2021, by Gregory Ross, who is personally known to me or who has produced                                                                         as
identification.

 

Notary’s
Signature:                                                                   

Print
Notary’s Name:                                                                  

NOTARY
PUBLIC, State of                                                      

 

My
commission expires:

 

 _______________________________________________________________________________________________

 

Agreed
and accepted:

 

Nutralife Biosciences, Inc.

 

	By:	/s
    / Edgar Ward	 
	Name:	Edgar
Ward	 
	Title:	Chief
    Executive Officer	 

 

    	Exhibit D - Page 2Exhibit 10.79

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED
OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED,
PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE
OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER
OF THE SECURITIES REPRESENTED BY THIS NOTE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE SET FORTH
HEREIN.

 

	Principal
    Amount: $30,000.00	Issue
    Date: January 11, 2021

 

NutraLife
Biosciences,
Inc.

 

10%
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, pursuant to the terms and conditions of this 10% Promissory Note (this “Note”), NutraLife Biosciences, Inc., a Florida corporation
(the “Company”), hereby promises to pay to the order of Gregory Ross, or registered assigns (the “Holder”), on
the one year anniversary of the Issue Date as set forth above (the “Maturity Date”) or earlier as required pursuant to this
Note, the principal amount as set forth above (the “Principal Amount”), and to pay interest on the outstanding Principal Amount
as set forth herein in each case to the extent that this Note and the Principal Amount and any accrued interest hereunder (the “Indebtedness”)
has not been repaid by the Company as of such applicable date. Interest shall commence accruing on the date hereof (the “Issue Date”),
computed on the basis of a 365-day year and the actual number of days elapsed, and shall be payable as set forth herein.

 

This Note is entered into pursuant to a Note Exchange Agreement by and between the Company and the Holder dated as of the Issue Date (the
“Agreement”) and is subject to the terms and conditions thereof.

 

This
Note is not a certificate of deposit or similar obligation of, and is not guaranteed or insured by, any depository institution,
the Federal Deposit Insurance Corporation, the Securities Holder Protection Corporation or any other governmental or private fund
or entity.

 

The
following terms shall apply to this Note:

 

Section 1. Definitions. Defined terms used herein without definition have the meanings given them in the Agreement. The Company and
the Holder may be referred to herein individually as a “Party” and collectively as the “Parties”.

 

Section 2. Interest; Late Fees; Prepayment.

 

(a)
Interest shall accrue on the Principal Amount
at the rate of ten percent (10%) per annum, simple interest, non-compounded basis (the “Interest”). To the extent
not earlier repaid as set forth herein, the Principal Amount and the accrued and unpaid Interest (collectively, the “Indebtedness”)
shall be due and payable in full on the Maturity Date or such earlier date as the Indebtedness may be due hereunder pursuant to
the terms herein. No payments of the Principal Amount or Interest herein shall be required prior to the Maturity Date.

 

    	1

     

    

 

(b)
The Company may prepay all or any portion of
the Principal Amount and any accrued and unpaid Interest at any time.

 

(c)
Whenever any payment or other obligation hereunder
shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

 

Section 3. Events of Default.

 

(a)
The Holder may elect to declare an “Event
of Default” if any of the following conditions or events shall occur and be continuing:

 

	 	(i)	the
    Company fails to pay the then-outstanding Indebtedness on any date any such amounts become due and payable, and any such failure
    is not cured within three Business Days of written notice thereof by Holder;
	 	 	 
	 	(ii)	any
    representation or warranty of the Company is materially false or untrue when given;
	 	 	 
	 	(iii)	the
    Company fails to comply in any material respect with any other covenant or agreement in this Note or in the Agreement and
    any such failure is not cured within three Business Days of written notice thereof by Holder;
	 	 	 
	 	(iv)	the
    Company shall (i) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee
    or liquidator; (ii) make a general assignment for the benefit of the Company’s creditors; or
	 	(iii)	commence
    a voluntary case under the U.S. Bankruptcy Code as now and hereafter in effect, or any successor statute; or
	 	 	 
	 	(v)	a
    proceeding or case shall be commenced, without the application or consent of the Company, in any court of competent jurisdiction,
    seeking (1) liquidation, reorganization or other relief with respect to it or its assets or the composition or readjustment
    of its debts, or (2) the appointment of a trustee, receiver, custodian, liquidator or the like of any substantial part of
    its assets, and, in each case, such proceedings or case shall continue undismissed, or an order, judgment or decree approving
    or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 days, if in the
    United States, or 90 days, if outside of the United States; or an order for relief against the Company shall be entered in
    an involuntary case under any bankruptcy, insolvency, composition, readjustment of debt, liquidation of assets or similar
    Law of any jurisdiction.
	 	 	 

(b)
Consequences of Events of Default. If
an Event of Default has occurred and is continuing (i) the Holder may, by notice to the Company, declare all or any portion of
the then- outstanding Indebtedness due and payable, and the Note and the then-outstanding Indebtedness shall thereupon become
immediately due and payable in cash and (ii) the Holder shall have the right to pursue any other remedies that the Holder may
have under applicable law.

 

    	2

     

    

 

Section 4. Miscellaneous.

 

(a)
Lost or Mutilated Note. If this Note shall
be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for and upon cancellation
of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note, a new Note so mutilated, lost, stolen
or destroyed, but only upon receipt of evidence of such loss, theft or destruction of this Note, and of the ownership hereof reasonably
satisfactory to the Company.

 

(b)
Entire Agreement. This Note (including
any recitals hereto) and the Agreement set forth the entire understanding of the Parties with respect to the subject matter hereof,
and shall not be modified or affected by any offer, proposal, statement or representation, oral or written, made by or for any
Party in connection with the negotiation of the terms hereof, and may be modified only by instruments signed by the Company
and the Holder.

 

(c)
Notices. All notices under this Note shall
be in writing. Notices may be served by certified or registered mail, postage paid with return receipt requested; by private courier,
prepaid; by other reliable form of electronic communication; or personally. Mailed notices shall be deemed delivered five (5)
days after mailing, properly addressed. Couriered notices shall be deemed delivered on the date that the courier warrants that
delivery will occur. Electronic communication notices shall be deemed delivered when receipt is either confirmed by confirming
transmission equipment or acknowledged by the addressee or its office. Personal delivery
shall be effective when accomplished. Any Party may change its address by giving notice, in writing, stating its new address,
to the other Party. Subject to the forgoing, notices shall be sent as follows:

 

If
to the Company:

 

NutraLife
Biosciences, Inc.

Attn: Edgar Ward

6601
Lyons Road, Suite L-6

Coconut Creek, FL 33073

Email:
edgar@nutralifebiosciences.com

 

If
to Holder, to the address of Holder as set forth in the Agreement.

 

(d)
No Waiver. No waiver of any provision
of this Note shall be effective unless it is in writing and signed by the Party against whom it is asserted, and any such written
waiver shall only be applicable to the specific instance to which it relates and shall not be deemed to be a continuing or future
waiver.

 

(e)
Headings. The article and section headings
contained in this Note are inserted for convenience only and shall not affect in any way the meaning or interpretation of the
Note.

 

(f)
Governing Law. This Note, and any dispute
arising out of, relating to, or in connection with this Note, shall be governed by and construed in accordance with the laws of
the State of Florida, without giving effect to any choice or conflict of law provision or rule (whether of the State of Florida
or of any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Florida.

 

    	3

     

    

 

(g)
Enforcement of the Note; Jurisdiction; No
Jury Trial.

 

	 	(i)	Each
    of the Parties irrevocably agrees that any legal action or proceeding with respect to this Note and the rights and obligations
    arising under this Note, or for recognition and enforcement of any judgment or arbitral award or resolution in respect of
    this Note, shall be brought and determined exclusively in the courts of the State of Florida located in Broward County, Florida
    or in the event (but only in the event) that such courts do not have subject matter jurisdiction over such action or proceeding,
    in the United States District Court sitting in Broward County, Florida (the “Selected Courts”). Each of the Parties
    hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally
    and unconditionally, to the personal jurisdiction of the Selected Courts and agrees that it will not bring any action relating
    to this Note or any of the transactions contemplated by this Note in any court other than the Selected Courts. Each of the
    Parties hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in
    any action or proceeding with respect to this Note, (a) any claim that it is not personally subject to the jurisdiction of
    the Selected Courts for any reason other than the failure to serve in accordance with the provisions of this Note; (b) any
    claim that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced
    in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,
    execution of judgment or otherwise); and (c) to the fullest extent permitted by law, any claim that (i) the suit, action or
    proceeding in such court is brought in an inconvenient forum; (ii) the venue of such suit, action or proceeding is improper;
    or (iii) this Note, or the subject matter of this Note, may not be enforced in or by the Selected Courts.
	 	 	 
	 	(ii)	EACH
    PARTY TO THIS AGREEMENT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT SUCH
    PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF,
    UNDER, RELATING TO OR IN CONNECTION WITH THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.
	 	 	 
	 	(iii)	The
    Holder hereby expressly acknowledges that the agreements and restrictions contained herein are reasonable and necessary to
    protect the Company’s legitimate interests, that the Company would not have entered into this Note in the absence of
    such agreements and restrictions, and that any violation of such restrictions will result in irreparable harm to the Company.
    The Holder agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity
    of proving actual damages, and specific performance of, as well as an equitable accounting of all earnings, profits and other
    benefits arising from any violation of, the agreements and restrictions contained herein, which rights shall be cumulative
    and in addition to any other rights or remedies to which the Company may be entitled. The Holder irrevocably and unconditionally
    (i) agrees that any legal proceeding arising out of this Note may be brought in the Selected Courts, (ii) consents to the
    non-exclusive jurisdiction of the Selected Courts in any such proceeding, and (iii) waives any objection to the laying of
    venue of any such proceeding in any Selected Court.

 

    	4

     

    

 

(h)
Attorneys’ Fees. If any Party hereto
is required to engage in litigation against any other Party, either as plaintiff or as defendant, in order to enforce or defend
any rights under this Note, and such litigation results in a final judgment in favor of such Party (“Prevailing Party”),
then the party or parties against whom said final judgment is obtained shall reimburse the Prevailing Party for all direct, indirect
or incidental expenses incurred, including, but not limited to, all attorneys’ fees, court costs and other expenses incurred
throughout all negotiations, trials or appeals undertaken in order to enforce the Prevailing Party’s rights hereunder.

 

(i)
Usury Savings Clause. Notwithstanding
any provision in this Note to the contrary, the total liability for payments of interest and payments in the nature of interest,
including, without limitation, all charges, fees, exactions, or other sums which may at any time be deemed to be interest, shall
not exceed the limit imposed by the usury laws of the jurisdiction governing this Note or any other applicable law. In the event
the total liability of payments of interest and payments in the nature of interest, including, without limitation, all charges,
fees, exactions or other sums which may at any time be deemed to be interest, shall, for any reason whatsoever, result in an effective
rate of interest, which for any month or other interest payment period exceeds the
limit imposed by the usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible as interest
for the period in question shall, without further agreement or notice by, between, or to any party hereto, be applied to the reduction
of the outstanding principal balance due hereunder immediately upon receipt of such sums by the Holder hereof, with the same force
and effect as though the Company had specifically designated such excess sums to be so applied to the reduction of the principal
balance then outstanding, and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal; provided,
however, that the Holder may, at any time and from time to time, elect, by notice in writing to the Company, to waive, reduce,
or limit the collection of any sums in excess of those lawfully collectible as interest, rather than accept such sums as a prepayment
of the principal balance then outstanding. It is the intention of the Parties that the Company does not intend or expect to pay,
nor does the Holder intend or expect to charge or collect any interest under this Note greater than the highest non-usurious rate
of interest which may be charged under applicable law.

 

(j)
Parties in Interest. This Note shall be
binding upon and inure solely to the benefit of each Party, and nothing in this Note, express or implied, is intended to confer
upon any other person or entity any rights or remedies of any nature under or by reason of this Note.

 

(k)
Severability; Expenses; Further Assurances.
If any term, condition or other provision of this Note is determined by a court of competent jurisdiction to be invalid, illegal
or incapable of being enforced by any rule of law or public policy, all other terms, conditions and provisions of this Note shall
nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this
Note is not affected in any manner materially adverse to any Party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good
faith to modify this Note so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner
in order that the transactions contemplated by this Note be consummated as originally contemplated to the fullest extent possible.
Except as otherwise specifically provided in this Note, each Party shall be responsible for the expenses it may incur in connection
with the negotiation, preparation, execution, delivery, performance and enforcement of this Note. The Parties shall from time
to time do and perform any additional acts and execute and deliver any additional documents and instruments that may be required
by Law or reasonably requested by any Party to establish, maintain or protect its rights and remedies under, or to effect the
intents and purposes of, this Note.

 

(l) Execution
in Counterparts, Electronic Transmission. This Note may be executed in any number of counterparts, each of which shall be
deemed an original. The signature of any Party which is transmitted by any reliable electronic means such as, but not limited
to, a photocopy, electronically scanned or facsimile machine, for purposes hereof, is to be considered as an original
signature, and the document transmitted is to be considered to have the same binding effect as an original signature or an
original document.

 

(m)
No Assignment. This Note may not be assigned
by either Party without the prior written consent of the other Party in its sole discretion.

 

(n)
Currency. All dollar amounts are in U.S.
dollars.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	5

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Note as of the Issue Date.

 

	 	NutraLife
    Biosciences, Inc.
	 	 	 
	 	By:	/s/
    Edgar Ward
	 	Name: 	Edgar
    Ward
	 	Title:	Chief
    Executive Officer

 

Agreed
and accepted:

 

	Gregory Ross	 
	 	 	 
	By:	/s/
    Gregory Ross	 
	Name: 	Gregory
    Ross	 

 

    	6

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