Document:

EX-10.1

 Exhibit 10.1 

FORM OF WAIVER EXTENSION LETTER 

MABVAX THERAPEUTICS HOLDINGS, INC. 

11588 Sorrento Valley Road, Suite 20 

San Diego, CA 92121 
 September 30,
2014 
 Dear Sir or Madam: 
 You are receiving
this correspondence in connection with your ownership of a Warrant to Purchase Common Stock, originally issued as of February 12, 2014 by MabVax Therapeutics, Inc., which was exchanged for a Warrant to Purchase Common Stock, effective as of
July 8, 2014 (the “Warrant”), and, as a result of such exchange, is exercisable for shares of common stock of MabVax Therapeutics Holdings, Inc. (formerly known as Telik, Inc.) (the “Company”). Pursuant to the
terms and conditions of the Warrant, no exercise may be made until the one (1) year anniversary of the date of the exchange, July 8, 2015. Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the
Warrant. 
 This letter is to provide you with notice that the Company hereby waives, on a limited basis and subject to the conditions as
set forth below, the requirement set forth in the preamble of the Warrant that the Warrant may not be exercised until July 8, 2015, and, as a result, may be exercised, either through payment of the exercise price of $3.619976 per share (as
adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after September 30, 2014) or on a net “cashless” basis, at any time during the Waiver Period; provided, however that
for purposes of such net “cashless” exercise, the number of shares of Common Stock issuable upon such exercise shall be determined in accordance with the formula set forth in Exhibit A to this letter (the “Adjusted
Formula”) rather than the formula set forth in Section 1(d) of the Warrant. The “Waiver Period” means the period starting on and including the date of this letter and ending on and including October 3, 2014. 

For your convenience, a copy of the Warrant exercise form is enclosed with this letter. The executed Warrant exercise form and the payment of
the Exercise Price (to the extent the Warrant is not exercised on a net “cashless” basis) must be received prior to the end of the Waiver Period to be effective. 

Except as otherwise waived or amended by this letter, the terms of the Warrant shall remain unchanged. 

 

					
	 Very truly yours,

		
		 	    MABVAX THERAPEUTICS HOLDINGS,     INC.
			
		 	    By:	 	  

		 	      J. David Hansen, President and
		 	      Chief Executive Officer

 Exhibit A 

Adjusted Formula 
 Net
Number = (A x B) - (A x C) 

                       
                         D 

For purposes of the foregoing formula: 
  

	 	A=	the total number of shares with respect to which this Warrant is then being exercised. 

  

	 	B=	the greater of (x) the arithmetic average of the Closing Sale Prices of the Common Stock for the five (5) consecutive Trading Days ending on the date immediately preceding the date of the Exercise Notice and
(y) $9.60 (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after September 30, 2014). 

 

	 	C=	the Exercise Price then in effect for the applicable Warrant Shares at the time of such exercise. 

  

	 	D=	the greater of (x) Closing Sale Price of the Common Stock on the date of the Exercise Notice and (y) $9.60 (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar
transaction occurring after September 30, 2014).Exhibit 10.1

 

TERMINATION
AGREEMENT

 

THIS
TERMINATION AGREEMENT (this “Agreement”) is entered into as of April 2, 2013, by and between Resource Exchange of
America Corp. (f/k/a “Mobieyes Software, Inc.), a Florida corporation (the “Company”) and UTP Holdings, LLC,
a Florida limited liability company (“UTP”).

 

WHEREAS,
that on February 22, 2010, the Company entered into an Asset Acquisition Agreement with UTP, which was later amended on October
21, 2010 by Amendment No.1 and Amendment No. 2 (collectively, referred to as the “Purchase Agreement”);

 

WHEREAS,
the Company and UTP desire to terminate the Purchase Agreement;

 

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

 

Section
1. Termination.The Company and LT hereby agree that effective on the date hereof that the Purchase Agreement shall
be terminated and be of no further force or effect.

 

Section
2. Waiver and Release of Obligations.

 

(a)UTP
agrees that any and all obligations of the Company under the Purchase Agreement is hereby waived and terminated and of no further
effect.

 

(b)Upon
the execution of this Agreement, UTP and its assigns, successors, subsidiaries, affiliates, owners, members, predecessors, agents,
representatives, officers, directors, and employees forever mutually release and discharge the Company’s assigns, successors,
subsidiaries, affiliates, owners, shareholders, predecessors, agents, representatives, officers, directors, and employees from
any and all causes of action, actions, judgments, liens, damages, losses, claims, liabilities, and demands whatsoever, whether
known or unknown, which each other had, now has, or hereafter can, shall, or may have, however arising, including by reason of
any duty, breach, act, omission, condition or occurrence through and including the date of this Agreement and/or by reason of
any fact, act, matter, cause or thing of any kind whatsoever.

 

Section
3.Miscellaneous.

 

(c)Expenses.
Each party shall bear its own costs and expenses, including legal fees, incurred or sustained in connection with the preparation
of this Agreement and related matters.

 

(d)Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing
and signed by the Company and UTP.

 

    	 

    	 

    

 

(e)Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as
set forth in the Purchase Agreement.

 

(f)Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each
of the parties.

 

(g)Execution
and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered
by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid
and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as
if such facsimile or “.pdf” signature page were an original thereof.

 

(h)Governing
Law. This Agreement shall be enforced, governed by and construed in accordance with the laws of the State of Florida applicable
to agreements made and to be preformed entirely with such State, without regard to the principles of conflict of laws.

 

(i)Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain
in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

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

 

[Signature
Pages Follow]

 

    	 

    	 

    

 

IN WITNESS
WHEREOF, the parties hereof have as of the date first written above executed this Agreement.

 

RESOURCE
EXCHANGE OF AMERICA CORP.

 

	By:	/s/ Miachel J. Rhodes	 
	Name:	Michael J. Rhodes	 
	Title:	CEO	 

 

UTP HOLDINGS,
LLC

 

	By:	/s/ Dana Pekas	 
	Name:	Dana Pekas	 
	Title:   	CEOExhibit 10.1

 

 

COMMON STOCK PURCHASE AGREEMENT

 

THIS COMMON STOCK
PURCHASE AGREEMENT, (this “Agreement”) is made this 23rd day of September, 2014, by and among
John Fahlberg (the “Seller”), Travelsafe, Inc., a Nevada corporation (“Travelsafe”,
or the “Company”), and Oksana Murarova (“Purchaser 1”) and Nakul Gupta (“Purchaser
2” and, together with Purchaser 1, the “Purchasers”). The Seller, Travelsafe, and the Purchasers
may be referred to herein each as a “Party” and collectively, as the “Parties”.

 

WITNESSETH:

 

WHEREAS, the
Seller is the record owner of 5,000,000 shares (the “Shares”) of the Company’s common stock, $0.00001
par value per share (the “Common Stock”);

 

WHEREAS, pursuant
to the terms and conditions of this Agreement, Seller desires to sell to Purchaser 1 and Purchaser 1 desires to purchase from the
Seller half of the Shares, that is, 2,500,000 shares of the Common Stock (“Acquisition 1”), for an aggregate
purchase price of One Hundred Forty Thousand Dollars and 0/100 ($140,000.00) (“Purchase Price 1”); and

 

WHEREAS, pursuant
to the terms and conditions of this Agreement, Seller desires to sell to Purchaser 2 and Purchaser 2 desires to purchase from the
Seller half of the Shares, that is, 2,500,000 shares of the Common Stock (“Acquisition 2” and, together
with Acquisition 1, the “Acquisitions”), for an aggregate purchase price of One Hundred Forty Thousand
Dollars and 0/100 ($140,000.00) (“Purchase Price 2” and, together with Purchase 1, the aggregate purchase
price of Two Hundred Eighty Thousand Dollars and 0/100 ($280,000.00) the “Purchase Price”).

 

NOW THEREFORE,
in consideration of the mutual promises, covenants and representations contained herein, the parties herewith agree as follows:

 

Article
I

SALE OF SECURITIES

 

1.01Purchase
and Sale. Subject to and upon the terms and conditions of this Agreement, on the Closing Date, the Seller shall sell, assign,
transfer, convey, and deliver to the Purchasers, and Purchasers shall purchase from the Seller, a total of 5,000,000 shares of
the Common Stock.

 

1.02Purchase
Price. Subject to and upon the terms and conditions of this Agreement, on the Closing Date, the Purchasers shall pay
to the Seller, in full payment for the Shares and in reliance upon the representations and warranties made herein by the Seller,
an aggregate of $280,000 to the Seller for the 5,000,000 shares of the Common Stock and payable as provided in Section 1.03.

 

1.03Closing.

 

(a)The
sale and delivery of the 5,000,000 shares of the Common Stock to the Purchasers, the payment of the Purchase Price to the Seller,
and the consummation of the other respective obligations of the parties hereto contemplated by this Agreement will take place at
a closing (the “Closing”), which will take place at a mutually acceptable location and date (the “Closing
Date”).

 

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(b)At
the closing:

 

(i)The
Seller shall deliver to the Purchasers a certificate (or certificates) for the Shares, along with a fully executed stock power
that is medallion guaranteed and duly endorsed in form for transfer to the Purchasers.

 

(ii)The
Purchasers shall pay to the Seller the Purchase Price for the Shares.

 

(c)At
and at any time after the Closing, the parties shall duly execute, acknowledge and deliver all such further assignments, conveyances,
instruments and documents, and shall take such other action consistent with the terms of this Agreement to carry out the transactions
contemplated by this Agreement.

 

(d)All representations, covenants
and warranties of the Purchasers and Seller contained in this Agreement shall be true and correct on and as of the Closing Date
with the same effect as though the same had been made on and as of such date.

 

Article
II

REPRESENTATIONS AND WARRANTIES OF THE SELLERS AND COMPANY

 

Seller and Travelsafe
represent and warrant to the Purchasers, jointly and severally, the following:

 

2.01Organization;it
is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada and has the requisite
corporate power and authority to own its properties and assets and carry on its business as now being conducted. Travelsafe is
duly qualified as a foreign entity to do business and is in good standing in the every jurisdiction in which its ownership of property
or the nature of the business conducted by it makes such qualification necessary. All actions taken by the incorporators, directors
and/or shareholders of Travelsafe have been valid and in accordance with the laws of the state of Nevada.

 

2.02OTCQB Listing
The Common Stock is included for quotation on the OTCQB, under the symbol “TRVS.” The Common Stock is DTC-eligible.

 

2.03Authorization;
Enforcement; Validity.

 

(a)Travelsafe
has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and each of the
other agreements to be entered into by the Parties hereto in connection with the transactions contemplated by this Agreement (collectively,
the “Transaction Documents”). The execution and delivery of the Transaction Documents by Travelsafe and
the consummation by Travelsafe of the transactions contemplated hereby and thereby, has been duly authorized by Travelsafe’s
Board of Directors and no further consent or authorization is required by Travelsafe, its Board of Directors or its shareholders.
This Agreement and the other Transaction Documents have been duly executed and delivered by Travelsafe, and constitute the legal,
valid and binding obligations of Travelsafe, enforceable against Travelsafe in accordance with their respective terms.

 

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(b)Seller
has all requisite power, authority and legal capacity to execute and deliver this Agreement and all other Transaction Documents
to which Seller is a party and to perform the transactions contemplated hereby and thereby. This Agreement has been duly executed
and delivered by Seller and constitutes a valid and binding obligation of the Seller, enforceable against Seller in accordance
with its terms. At Closing, all other Transaction Documents to be executed and delivered by Seller shall have been duly executed
and delivered by Seller. All other Transaction Documents executed and delivered by Seller shall constitute valid and binding obligations
of Seller, enforceable against Seller in accordance with their terms.

 

2.04Capital.
The Company is authorized to issue an aggregate number of two hundred sixty million (260,000,000) shares of capital stock, par
value of $0.00001 per share of which two hundred fifty million (250,000,000) shares are the Common Stock (the “Common
Stock”), and ten million (10,000,000) shares are of preferred stock, par value of $0.00001 per share. At the present
time, 5,950,000 shares of Common Stock are issued and outstanding. There are no preferred shares issued or outstanding. All outstanding
shares of Common Stock have been duly authorized and validly issued and are fully paid and non-assessable. Seller is the lawful
record and beneficial owner of the Shares. All outstanding shares of Common Stock are free of liens, encumbrances, security interests,
pledges, charges, clouds on title, options, restrictions and legal or equitable rights of any persons including, but not limited
to, rights of first refusal, pre-emptive and/or similar rights (collectively, “Encumbrances”). There
are no outstanding subscriptions, options, rights, warrants, convertible securities, or other agreements or commitments obligating
Travelsafe to issue or to transfer any shares of its capital stock and other than the Acquisition nor does Seller have any such
obligation with respect to the Shares. None of the outstanding shares of Common Stock are subject to any stock restriction agreements
and/or rights of first refusal, pre-emptive or similar rights. All of the issued and outstanding capital stock of Travelsafe has
been issued in compliance with all applicable law, including, but not limited to, all state securities laws. Seller has delivered
to Purchasers a true and correct list of shareholders as of the Closing Date certified by Travelsafe’s transfer agent listing
the name, address and amount of shares of Common Stock owned by each shareholder.

 

2.05Subsidiaries.
Travelsafe does not currently own or control, directly or indirectly, any interest in any other corporation, partnership, trust,
joint venture, limited liability company, association, or other business entity. Travelsafe is not a participant in any joint venture,
partnership or similar arrangement.

 

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2.06SEC Documents;
Financial Statements. Travelsafe is required under Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and has timely (including within any additional time periods provided by Rule 12b-25 under the Exchange Act)
filed all reports, schedules, forms, statements and other documents required to be filed by it with the Securities and Exchange
Commission (the “SEC”) pursuant to the reporting requirements of the Exchange Act (all of the foregoing
filed prior to the Closing Date, all exhibits included therein and financial statements, notes and schedules thereto and documents
incorporated by reference therein, all amendments thereto and all schedules and exhibits thereto and to any such amendments being
hereinafter referred to as the “SEC Documents”). Travelsafe has delivered to Purchasers true, correct
and complete copies of the SEC Documents not available on the SEC’s EDGAR system. Except as corrected by subsequent amendments
thereto, as of their respective filing dates, the SEC Documents (and the Registration Statement (as defined below), the Amended
Registration Statement (as defined below), and each prospectus forming a part thereof), complied in all material respects with
the requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents
(and the Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations promulgated
thereunder as to the Registration Statement (and the prospectus forming a part thereof) and the Amended Registration Statement
(and the prospectus forming a part thereof). As of their respective filing dates, none of the SEC Documents (and/or the Registration
Statement (and the prospectus forming a part thereof), and the Amended Registration Statement (nor the prospectus forming a part
thereof)), contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein
or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
As of their respective filing dates, the financial statements of Travelsafe included in the SEC Documents (and the Registration
Statement (and the prospectus forming a part thereof), and the Amended Registration Statement (and the prospectus forming a part
thereof), (collectively, the “Financial Statements”) complied as to form in all material respects with
applicable accounting requirements and the published rules and regulations of the SEC with respect thereto. The Financial Statements
have been prepared in accordance with generally accepted accounting principles, consistently applied, during the periods involved
(except (i) as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in the case of unaudited interim
statements, to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present in all material
respects the financial position of Travelsafe as of the dates thereof and the results of its operations and cash flows for the
periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments).

  

2.07Indebtedness.
Except as disclosed in the SEC Documents, Travelsafe has no liabilities, obligations and/or indebtedness of any nature (absolute,
accrued, direct, indirect, contingent or otherwise). Travelsafe is not a guarantor or indemnitor of any indebtedness of any other
person, firm, or corporation.

 

2.08Litigation.
Neither Seller nor Travelsafe is a party to any direct and/or indirect litigation, arbitration and/or other proceedings and neither
Seller nor Travelsafe is aware of any pending, threatened or asserted claims, lawsuits or contingencies involving the Travelsafe,
the Seller and/or the Shares. To the best of knowledge of the Seller and Travelsafe, there is no dispute of any kind between Travelsafe
and any third party. As of the Closing Date, Travelsafe will be free from any and all liabilities, liens, claims and/or commitments.
Travelsafe is not a party to any suit, action, arbitration, or legal administrative or other proceeding, or pending governmental
investigation. To the best knowledge of the Seller, there is no basis for any action or proceeding and no such action or proceeding
is threatened against Travelsafe. Travelsafe is not a party to or in default with respect to any order, writ, injunction, or decree
of any federal, state, local, or foreign court, department, agency, or instrumentality.

 

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2.09Tax Returns.
Travelsafe has filed all federal, state, and local tax returns required to be filed as of the date of this Agreement. There are
no taxes of any kind due or owing to any local, state or federal taxing authority.

 

2.10No Conflicts.
The execution and delivery of this Agreement and the other Transaction Documents by the Seller and Travelsafe and the performance
by the Seller and Travelsafe of their respective obligations hereunder and thereunder will not cause, constitute, or conflict with
or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage,
charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which Travelsafe the officers, directors
and/or Seller are a party, or by which any other such persons may be bound, nor will any consents or authorizations of any party
be required, (b) an event that would cause Travelsafe (and/or assigns) or Seller to be liable to any party, or (c) an event that
would result in the creation or imposition of any lien, charge, or encumbrance on any asset of Travelsafe or upon the Shares.

 

2.11Contracts,
Leases and Assets. Travelsafe is not a party to any contract, agreement or lease. No person holds a power of attorney (and/or
similar document) from Travelsafe or Seller. Except as disclosed in the SEC documents, Travelsafe has no assets or liabilities
or any obligations which would give rise to a liability in the future.

 

2.12Compliance
with Laws. Seller and Travelsafe have complied in all material respects, with, and is not in violation of any, federal, state,
or local statute, law, and/or regulation. Seller and Travelsafe have complied with all federal and state securities laws in connection
with the offer, sale and distribution of its securities.

 

2.13Regulations,
Etc.; Travelsafe agrees that no person has direct and/or indirect rescission and/or similar rights with respect to any securities
of Travelsafe. The Shares being sold herein to the Purchasers are being sold in a private transaction between the Seller and the
Purchasers exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) of the Securities Act. Travelsafe
filed with the SEC a registration statement covering the resale of 950,000 shares of Common Stock owned, at that time, by thirty
(30) of its shareholders on Form S-1 on September 27, 2013 (the “Registration Statement”), pursuant to
the Securities Act, which Registration Statement was amended four times in 2013 (on November 14, December 6, December 23, and December
30) (such four amendments, collectively, the “Amended Registration Statement”), and was declared effective
by the SEC on January 9, 2014. Other than the Registration Statement and the Amended Registration Statement, Travelsafe has not
filed any registration statement under the Securities Act. In connection with the Registration Statement and the Amended Registration
Statement and in all sales and/or issuances of securities of the Company, the Company complied with all applicable laws including,
but not limited to, all state securities laws. As of the date hereof, the Registration Statement (including the prospectus contained
therein) and the Amended Registration Statement (including the prospectus contained therein) is current and effective and neither
Seller nor Travelsafe has any knowledge and/or reason to believe the Registration Statement (including the prospectus contained
therein) or the Amended Registration Statement (including the prospectus contained therein), will not remain current and effective
for the period of time applicable to similar registration statements as provided in SEC rules and regulations. The securities of
Travelsafe included in the Registration Statement and the Amended Registration Statement may be sold pursuant to and in accordance
with the disclosure in the prospectus.

 

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2.14Closing
Documents. All minutes, consents or other documents pertaining to Travelsafe to be delivered at the Closing shall be valid
and in accordance with the laws of Nevada.

 

2.15Title.
The Seller has good, clean and marketable title to all of the Shares. The Shares are free and clear of and from all Encumbrances,
except for restrictions on transfer imposed by federal and state securities laws. None of the Shares are or will be subject to
any voting trust or agreement or subject to any rights of first refusal, pre-emptive or similar rights. No person holds or has
the right to receive any proxy or similar instrument with respect to any of the Shares. Seller is not a party to any agreement
which offers or grants to any person the right to purchase or acquire any of the Shares. There is no applicable local, state or
federal law, rule, regulation, or decree which would, as a result of the purchase of the Shares by Purchasers, impair, restrict
or delay voting rights with respect to the Shares.

 

2.16Sophistication.
Seller is a sophisticated investor familiar with transactions similar to those contemplated by this Agreement and have had access
to all information regarding Travelsafe and its present and prospective business, assets, liabilities and financial condition that
Seller reasonably considers important in making its decision to sell the Shares pursuant hereto. Seller has independently (and
based on such information and the advice of such advisors as Seller has deemed appropriate if any), made its own analysis and decision
to sell the Seller’s Shares and enter into this Agreement.

 

2.17No Rights.
Seller acknowledges and understands that as of the date of this Agreement and following the sale of the Shares to the Purchaser,
Seller will have no rights to, directly or indirectly beneficially own, have the right to acquire, authorize the sale of, vote,
receive dividends, or have any claims or any rights, including voting rights, relating to such Shares.

 

2.18Future Appreciation.
Seller acknowledges and understands that as a result of the sale of the Shares, Seller will be foregoing any opportunity Seller
may have to realize appreciation in the value of the Company and/or the Shares.

 

2.19Representations.
All representations and warranties shall be true as of the Closing and all such representations and warranties shall survive the
Closing for a period of three (3) years.

 

Article
III

 

REPRESENTATIONS AND
WARRANTIES OF THE PURCHASERS

 

3.01Acquisition
for Investment.The Purchasers are acquiring the Shares solely for their own accounts for the purpose of investment and
not with a view to or for sale in connection with distribution. The Purchasers do not have a present intention to sell the Shares,
nor a present arrangement (whether or not legally binding) or intention to effect any distribution of the Shares to or through
any person or entity. The Purchasers acknowledge that they are each able to bear the financial risks associated with an investment
in the Shares and that they have been given full access to such records of the Company and to the officers of the Company and received
such information as it has deemed necessary or appropriate to conduct its due diligence investigation and has sufficient knowledge
and experience in investing in companies similar to the Company in terms of the Company’s stage of development so as to be
able to evaluate the risks and merits of its investment in the Seller.

 

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3.02Sophistication.
The Purchasers are each sophisticated investors, as described in Rule 506(b)(2)(ii) promulgated under the Securities Act and have
such experiences in business and financial matters that they are each capable of evaluating the merits and risk of an investment
in the Company.

 

3.03Opportunities
for Additional Information.The Purchasers acknowledge that each Purchaser has had the opportunity to ask questions of and
receive answers from, or obtain additional information from, the executive officers of the Company concerning the financial and
other affairs of the Company, and to the extent deemed necessary in light of each such Purchaser’s personal knowledge of
the Company’s affairs, each such Purchaser has asked such questions and received answers to the full satisfaction of each
such Purchaser, and each such Purchaser desires to invest in the Company.

 

3.04Rule 144.Each
Purchaser understands that the Shares may not be offered for sale, sold, assigned or transferred unless such Shares are registered
under the Securities Act or an exemption from registration is available. Each Purchaser acknowledges that each such Purchaser is
familiar with Rule 144 of the rules and regulations of the Commission, as amended, promulgated pursuant to the Securities Act (“Rule
144”), and that such person has been advised that Rule 144 permits resales only under certain circumstances. Each Purchaser
understands that to the extent that Rule 144 is not available, each Purchaser will be unable to sell any Shares without either
registration under the Securities Act or the existence of another exemption from such registration requirement.

 

3.05Legends.Each
Purchaser hereby agrees with the Company that the Shares will bear the following legend or one that is substantially similar to
the following legend:

 

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE
SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED
EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR (2)
PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS,
IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE SELLERS AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION
ARE REASONABLY SATISFACTORY TO THE SELLER, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED
IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS.

 

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3.06Additional
Legend; Consent. Additionally, the Shares will bear any legend required by the “blue sky” laws of any state to
the extent such laws are applicable to the securities represented by the certificate so legended. Each Purchaser consents to the
Company making a notation on its records or giving instructions to any transfer agent of Shares in order to implement the restrictions
on transfer of the Common Shares.

 

Article
IV

CLOSING CONDITIONS; CLOSING DELIVERIES; POST CLOSING COVENANTS

 

4.01Conditions
of Purchasers’ Obligations at Closing. The obligation of the Purchasers to purchase and pay for the Shares at the Closing
is subject to the fulfillment as of the Closing Date of the following conditions, to each Purchaser’s satisfaction or waiver
in their sole and absolute discretion:

 

(a)Representations,
Warranties; Obligations. The Seller’s and Travelsafe’s representations and warranties contained in this Agreement
shall be true, complete and correct at and as of the Closing Date (both immediately prior to and immediately after giving effect
to the transactions contemplated by this Agreement and the other Transaction Documents) and the Seller and Travelsafe shall have
duly performed and complied with all covenants and obligations required by this Agreement or the other Transaction Documents to
be performed or complied with by it on or before the Closing Date.

 

(b)Absence
of Litigation. No action or proceeding shall be pending or ongoing by or before any court or other governmental or administrative
body or agency (i) seeking to restrain, enjoin, prohibit or invalidate any of the transactions contemplated by this Agreement and
the other Transaction Documents, (ii) to deregister the Common Stock, (iii) to make the Common Stock not DTC eligible, or (iv)
to remove the Common Stock from the OTCQB.

 

(c)No
Changes. No change has occurred since the filing of Travelsafe’s last Annual Report on Form 10-K with the SEC that the
Purchasers believe could affect Travelsafe.

 

(d)Certain
SEC Filings. Travelsafe shall have filed with the SEC (i) through and including the Closing Date, all periodic reports required
to be filed by it under SEC rules and regulations including, but not limited to all Current Reports on Form 8-K, and (ii) the Registration
Statement (and the prospectus forming a part there) and the Amended Registration Statement (and the prospectus forming a part thereof),
shall have been declared effective by the SEC, shall be current and effective as of the Closing Date and neither Seller nor Travelsafe
shall have any reason to believe that the Amended Registration Statement will not remain current and effective to allow the securities
included therein to be sold in accordance with the disclosure set forth in the Amended Registration Statement (and the prospectus
contained therein) for the period of time applicable to similar registration statements as provided in SEC rules and regulations.

 

    	8

    	 

    

  

(e)Seller’s and Travelsafe
‘s Closing Deliveries. The Seller and Travelsafe shall have delivered to Purchasers all of the following documents and
instruments:

 

(i)this
Agreement and the other Transaction Documents to which the Seller and Travelsafe are a party, duly executed by Seller and Travelsafe;

 

(ii)stock
certificate or certificates representing the Shares, along with stock powers with signature guarantee acceptable to Travelsafe
‘s transfer agent, representing the Shares, endorsed in favor of the name or names as designated by Purchasers or left blank,
as may be requested by the Purchasers;

 

(iii)executed
resignation letters from each of Travelsafe’s officers, effective as of the date of such resignation letters;

 

(iv)executed
resignation letters from each of the directors of Travelsafe, effective as of the date of such resignation letters;

 

(v)executed
resolutions of Travelsafe’s board of directors appointing to Travelsafe’s board of directors such persons designated
in writing by the Purchaser with such appointments to be appointed as of the date of such resolutions;

 

(vi)all
of the original business and corporate records of Travelsafe, including, but not limited to, correspondence (including correspondence
with FINRA, the SEC, state securities regulators, blue sky filings and all other regulatory and governmental entities) files, bank
statements, the Articles of Incorporation (filed with the Secretary of State of the State of Nevada, which Articles of Incorporation
have not been amended) and the By-Laws (which have not been amended) of Travelsafe, checkbooks, savings account books, minutes
of shareholder and directors meetings or written consents, financial statements, shareholder listings, stock transfer records,
agreements and contracts that exist and such other documents as the Purchaser shall reasonably request;

 

(vii)correspondence
relating to listing of Travelsafe’s Common Stock on the OTCQB;

 

(viii)documents
with DTC including, but not limited to, all back and forth correspondence showing the Common Stock is currently DTC Eligible;

 

(ix)all
correspondence and documents with and between Travelsafe and its auditors;

 

    	9

    	 

    

  

(x)certificate
of Good Standing from the Secretary of State of Nevada dated the Closing Date;

 

(xi)current
certified shareholder list from Travelsafe ‘s transfer agent;

 

(xii)Travelsafe’s
EDGAR filing codes;

 

(xiii)all
other books and records of Travelsafe, including bank statements and bank records; and

 

(xiv)such
other documents of Travelsafe as may be reasonably required by Purchasers which shall not cause the Seller unreasonable hardship.

 

4.02Conditions
of Seller’s and Travelsafe ‘s Obligations at Closing. The obligation of the Seller and Travelsafe to complete the
Acquisition and sell the Shares to the Purchasers is subject to the fulfillment as of the Closing Date of the following conditions,
to Seller’s satisfaction or waiver in their sole and absolute discretion:

 

(a)Representations,
Warranties; Obligations. Each of the Purchasers’ representations and warranties contained in this Agreement shall be
true, complete and correct at and as of the Closing Date (both immediately prior to and immediately after giving effect to the
transactions contemplated by this Agreement and the other Transaction Documents) and the Purchasers shall have duly performed and
complied with all covenants and obligations required by this Agreement or the other Transaction Documents to be performed or complied
with by them on or before the Closing Date.

 

(b)Absence
of Litigation. No action or proceeding shall be pending or ongoing by or before any court or other governmental or administrative
body or agency seeking to restrain, enjoin, prohibit or invalidate any of the transactions contemplated by this Agreement and the
other Transaction Documents.

 

(c)Purchaser’s
Closing Deliveries. Purchasers shall have delivered to Seller all of the following documents and instruments:

 

(i)this
Agreement and the other Transaction Documents to which the Purchasers are parties, duly executed by the Purchasers; and

 

(ii)the
Purchase Price.

 

 

4.03Post Closing
Covenants.

 

(a)Filings
with Government Agencies. No later than the last day required by SEC rules and regulations from the Closing Date, the Purchasers
shall file the Form D and Current Report on Form 8-K with the SEC, disclosing the Acquisition, the change of control of Travelsafe
and such other items required to be disclosed pursuant to SEC rules and regulations.

 

    	10

    	 

    

  

Article
V

REMEDIES

 

5.01Termination.
In addition to any other remedies, the Purchasers may terminate this Agreement, if at the Closing, the Seller has failed to comply
with all material terms of this Agreement, including but not limited to, all conditions to Closing as set forth in Section 4.01
hereof, has failed to supply any documents required by this Agreement unless they do not exist, or has failed to disclose any material
facts which could have a material adverse effect on Travelsafe, or on Purchasers’ acquiring good title to the Shares, or
on any part of this transaction. The Seller may terminate this Agreement, if at the Closing, the Purchasers have failed to comply
with all material terms of this Agreement, including but not limited to, all conditions to Closing as set forth in Section 4.02
hereof, or has failed to supply any documents required by this Agreement unless they do not exist.

 

5.02Indemnification.
From and after the Closing, the Parties, jointly and severally, agree to indemnify the other against all actual losses, damages
and expenses including, but not limited to, legal fees and expenses caused by (i) any material breach of this Agreement by them
or any material misrepresentation contained herein including any representation and/or warranty, or (ii) any misstatement of a
material fact or omission to state a material fact required to be stated herein or necessary to make the statements herein not
misleading.

 

5.03Indemnification
Non-Exclusive The foregoing indemnification provision is in addition to, and not derogation of any statutory, equitable or
common law remedy any party may have for breach of representation, warranty, covenant or agreement.

 

Article
VI

MISCELLANEOUS

 

 

6.01Captions
and Headings. The article and paragraph headings throughout this Agreement are for convenience and reference only, and shall
in no way be deemed to define, limit, or add to the meaning of any provision of this Agreement.

 

6.02Amendments.
This Agreement and any provision hereof, may be waived, changed, modified, or discharged, only by an agreement in writing signed
by the Party against whom enforcement of any waiver, change, modification, or discharge is sought.

 

6.03Non Waiver.
Except as otherwise expressly provided herein, no waiver of any covenant, condition, or provision of this Agreement shall be deemed
to have been made unless expressly in writing and signed by the party against whom such waiver is charged; and (i) the failure
of any party to insist in any one or more cases upon the performance of any of the provisions, covenants, or conditions of this
Agreement or to exercise any option herein contained shall not be construed as a waiver or relinquishment for the future of any
such provisions, covenants, or conditions, (ii) the acceptance of performance of anything required by this Agreement to be performed
with knowledge of the breach or failure of a covenant, condition, or provision hereof shall not be deemed a waiver of such breach
or failure, and (iii) no waiver by any party of one breach by another party shall be construed as a waiver with respect to any
other or subsequent breach.

 

    	11

    	 

    

  

6.04Entire Agreement.
This Agreement, including any and all attachments hereto, if any, contain the entire Agreement and understanding between the parties
hereto, and supersede all prior agreements and understandings.

 

6.05Partial
Invalidity. In the event that any condition, covenant, or other provision of this Agreement is held to be invalid or void by
any court of competent jurisdiction, it shall be deemed severable from the remainder of this Agreement and shall in no way affect
any other condition, covenant or other provision of the Agreement. If such condition, covenant, or other provision is held to be
invalid due to its scope or breadth, it is agreed that it shall be deemed to remain valid to the extent permitted by law.

 

6.06Counterparts.
This Agreement may be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Facsimile signatures will be acceptable to all parties.

 

6.07Notices.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given on the date of service if served personally on the party to whom notice is to be given, or on the third day after mailing
if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage prepaid, or on the
second day if faxed, and properly addressed or faxed as follows:

 

 

If to the Seller:

John Fahlberg

12926 Morehead

Chapel Hill, NC 27517

jfahlberg@nc.rr.com

Phone: 919-969-2982

Fax: 919-969-4768

 

If to the Purchaser:

Nakul Gupta

1 Changi North, St. 1

Singapore 498789

 

6.08Binding
Effect. This Agreement shall inure to and be binding upon the heirs, executors, personal representatives, successors and assigns
of each of the Parties to this Agreement

 

6.09Effect of
Closing. All representations, warranties, covenants, and agreements of the parties contained in this Agreement, or in any instrument,
certificate, opinion, or other writing provided for in it, shall be true and correct as of the Closing and shall survive the Closing
of this Agreement for a period of three (3) years.

 

    	12

    	 

    

  

6.10Mutual Cooperation.
The Parties hereto shall cooperate with each other to achieve the purpose of this Agreement, and shall execute such other and further
documents and take such other and further actions as may be necessary or convenient to effect the transaction described herein.

 

6.11Governing
Law. This Agreement shall be governed by and construed solely and exclusively in accordance with the internal laws of the State
of Nevada without regard to the conflicts of laws principles thereof. The parties hereto hereby expressly and irrevocably agree
that any suit or proceeding arising directly and/or indirectly pursuant to or under this Agreement shall be brought solely in a
federal or state court located in the State of Nevada. By its execution hereof, the parties hereby covenant and irrevocably submit
to the in personam jurisdiction of the federal and state courts located in the State of Nevada and agree that
any process in any such action may be served upon any of them personally, or by certified mail or registered mail upon them or
their agent, return receipt requested, with the same full force and effect as if personally served upon them in Las Vegas, Nevada.
The parties hereto expressly and irrevocably waive any claim that any such jurisdiction is not a convenient forum for any such
suit or proceeding and any defense or lack of in personam jurisdiction with respect thereto. In the event of any
such action or proceeding, the party prevailing therein shall be entitled to payment from the other party hereto of all of its
reasonable counsel fees and disbursements.

 

[Signature Page to Follow]

 

 

 

    	13

    	 

    

 

 

IN WITNESS WHEREOF,
this Agreement has been duly executed by the Parties hereto as of the date first written above.

 

 

 

	 	SELLER:
	 	 
	 	 /s/
    John Fahlberg
	 	John Fahlberg (Individually)
	 	 
	 	 
	 	THE COMPANY:
	 	 
	 	Travelsafe, Inc.
	 	 
	 	 
	 	By: 	/s/ John Fahlberg
	 	Name:

        Title:
	John Fahlberg
 President
	 	 	 
	 	 	 
	 	OKSANA MURAROVA (PURCHASER 1)
	 	 
	 	 /s/
    OKSANA MURAROVA
	 	 
	 	 
	 	NAKUL GUPTA (PURCHASER 2)
	 	 
	 	 /s/
    NAKUL GUPTA
	 	 	 
	 	 	 

 

    	14

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