Document:

Exhibit 4.1

 

THIS WARRANT AND THE SECURITIES ISSUABLE
UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT
OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.

 

	Date of Issuance:	Void after:
	July 29, 2013	July 29, 2018

 

 

EMPOWERED PRODUCTS, INC.

Warrant to Purchase Shares
of

Common Stock

 

FOR VALUE RECEIVED,
[________________] (“Holder”), is entitled to purchase, subject to the provisions of this Warrant (“Warrant”),
from Empowered Products, Inc., a Nevada corporation (“Company”), up to [______] shares (the “Warrant
Shares”) of the Company’s Common Stock, par value $0.001 per share (“Common Stock”), at a price
per share equal to $0.33 (the “Exercise Price”), at any time during the term (the “Warrant Exercise
Term”) commencing on the date hereof and ending at 5:30 p.m., New York time on the fifth (5th) anniversary
of the date of this Warrant (the “Expiration Date”). The Exercise Price and the number of Warrant Shares purchasable
upon exercise of this Warrant shall be subject to adjustment from time to time as described herein. This Warrant is issued pursuant
to that certain Services Agreement dated July 12, 2013 between the Company and the Holder (the “Services Agreement”).

 

1.           
Exercise Limitations.

 

(a)               
Right to Exercise.  No Warrant Shares shall be issued pursuant to the exercise of this Warrant unless
the issuance and exercise comply with applicable laws.  Assuming such compliance, for income tax purposes the Warrant Shares
shall be considered transferred to Holder on the date on which the Warrant is exercised with respect to such Warrant Shares.

 

(b)              
Regulatory Limitations on Exercises.  Notwithstanding the other provisions of this Warrant, no exercise
or issuance of Warrant Shares pursuant to this Warrant shall be effective if (a) the Warrant Shares reserved for issuance under
this Warrant are not subject to an effective registration statement at the time of such exercise or issuance, or otherwise eligible
for an exemption from registration, or (b) the Company determines in good faith that such exercise or issuance would violate any
applicable securities or other law or regulation. 

 

    	1

    	 

    

 

2.           
Method of Exercise.

 

(a)          Subject
to compliance with the terms and conditions of this Warrant and applicable securities laws, this Warrant may be exercised, from
time to time in accordance with Section 1 hereof by the delivery (including, without limitation, delivery by facsimile)
of the form of Notice of Exercise attached hereto as Exhibit A (the “Notice of Exercise”),
duly executed by the Holder, at the principal office of the Company, and as soon as practicable after such date, surrendering:

 

(i)               this Warrant at the principal office of the Company, and

 

(ii)              payment,
(i) in cash (by check) or by wire transfer, (ii) by cancellation by the Holder of indebtedness of the Company to the
Holder; or (iii) by a combination of (i) and (ii), of an amount equal to the product obtained by multiplying the number of
shares of Common Stock being purchased upon such exercise by the then effective Exercise Price (the “Exercise Amount”):

 

(b)          Each
exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the day on which
this Warrant is surrendered to the Company as provided above. The person or persons entitled to receive the Warrant Shares issuable
upon exercise of this Warrant shall be treated for all purposes as the holder of record of such Warrant Shares as of the close
of business on the date the Holder is deemed to have exercised this Warrant.

 

(c)          As
soon as practicable after the exercise of this Warrant, the Company at its expense will cause to be issued in the name of, and
delivered to, the Holder, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct:

 

(i)               a
certificate or certificates for the number of Warrant Shares to which such Holder shall be entitled, and

 

(ii)              in
case such exercise is in part only, a new warrant or warrants (dated the date hereof) of like tenor, calling in the aggregate
on the face or faces thereof for the number of shares of Common Stock equal to the number of such Warrant Shares described in
this Warrant minus the number of such Warrant Shares purchased by the Holder upon all exercises made in accordance with this Section
2.

 

3.            Representations and Warranties of the Company. In connection with the transactions
provided for herein, the Company hereby represents and warrants to the Holder that:

 

(a)          Organization
and Good Standing. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the
State of Nevada.

 

(b)          Authorization.
Except as may be limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the
enforcement of creditors’ rights, all corporate action has been taken on the part of the Company, its officers and directors
necessary for the authorization, execution and delivery of this Warrant. The Company has taken all corporate action required to
make all the obligations of the Company reflected in the provisions of this Warrant the valid and enforceable obligations they
purport to be. The issuance of this Warrant will not be subject to preemptive rights of any stockholders of the Company. The Company
has authorized sufficient shares of Common Stock to allow for the exercise of this Warrant.

 

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4.            Representations
and Warranties of the Holder. In connection with the transactions provided for herein, the Holder hereby represents and warrants
to the Company that:

 

(a)          Authorization. Holder represents that it has full power and authority to enter into this Warrant. This Warrant
constitutes the Holder’s valid and legally binding obligation, enforceable in accordance with its terms, except as may be
limited by (i) applicable bankruptcy, insolvency, reorganization, or similar laws relating to or affecting the enforcement of creditors’
rights and (ii) laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

 

(b)          Purchase
Entirely for Own Account. The Holder acknowledges that this Warrant is entered into by the Holder in reliance upon such Holder’s
representation to the Company that the Warrant and the Warrant Shares (collectively, the “Securities”) will
be acquired for investment for the Holder’s own account, not as a nominee or agent, and not with a view to the resale or
distribution of any part thereof, and that the Holder has no present intention of selling, granting any participation in or otherwise
distributing the same. By acknowledging this Warrant, the Holder further represents that the Holder does not have any contract,
undertaking, agreement, or arrangement with any person to sell, transfer or grant participations to such person or to any third
person, with respect to the Securities.

 

(c)          Disclosure
of Information. The Holder acknowledges that it has received all the information it considers necessary or appropriate for
deciding whether to acquire the Securities. The Holder further represents that it has had an opportunity to ask questions and
receive answers from the Company regarding the terms and conditions of the offering of the Securities.

 

(d)          Investment
Experience. The Holder is an investor in non-listed and non-registered securities and acknowledges that it is able to fend
for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters
that it is capable of evaluating the merits and risks of the investment in the Securities. If other than an individual, the Holder
also represents it has not been organized solely for the purpose of acquiring the Securities.

 

(e)          Accredited
Investor. The Holder is an “accredited investor” within the meaning of Rule 501 of Regulation D, as presently
in effect, as promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act of
1933, as amended (the “Act”).

 

(f)           Restricted
Securities. The Holder understands that the Securities are characterized as “restricted securities” under the
federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering
and that under such laws and applicable regulations such securities may be resold without registration under the Act, only in
certain limited circumstances. In this connection, Holder represents that it is familiar with Rule 144, as presently in effect,
as promulgated by the SEC under the Act (“Rule 144”), and understands the resale limitations imposed thereby
and by the Act.

 

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(g)          Further
Limitations on Disposition. The Holder, by acceptance hereof, agrees that, absent an effective registration statement filed
with the SEC under the Act covering the disposition or sale of this Warrant or the Warrant Shares issued or issuable upon exercise
hereof, as the case may be, and registration or qualification under applicable state securities laws, such Holder will not sell,
transfer, pledge, or hypothecate any or all of this Warrant or such Warrant Shares, as the case may be, unless either (i) the
Company has received an opinion of counsel, in form and substance reasonably satisfactory to the Company, to the effect that such
registration is not required in connection with such disposition or (ii) the sale of such Securities is made pursuant to SEC Rule
144.

 

(h)          Legends.
It is understood that the Securities may bear the following or a similar legend:

 

“THESE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE
TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
SUCH ACT.”

 

5.            Valid
Issuance; Taxes. All Warrant Shares issued upon the exercise of this Warrant shall be validly
issued, fully paid and nonassessable, and the Company shall pay all taxes and other governmental charges that may be imposed in
respect of the issue or delivery thereof. The Company shall not be required to pay any tax or other charge imposed in connection
with any transfer involved in the issuance of any certificate for Warrant Shares in any name other than that of the Holder of
this Warrant, and in such case the Company shall not be required to issue or deliver any stock certificate or security until such
tax or other charge has been paid, or it has been established to the Company’s reasonable satisfaction that no tax or other
charge is due.

 

6.            Adjustment
of Exercise Price and Number and Kind of Warrant Shares. The number and kind of Warrant Shares
purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

 

(a)           Subdivisions, Combinations and Other Issuances. If the Company shall at any time after the issuance but prior
to the expiration of this Warrant subdivide its Common Stock, by split-up or otherwise, or combine its Common Stock, or issue additional
shares of its Common Stock as a dividend with respect to any shares of its Common Stock, the Exercise Price shall be proportionally
decreased and the number of Warrant Shares issuable on the exercise of this Warrant shall be proportionately increased in the case
of a subdivision or stock dividend. The Exercise Price shall be proportionally increased and the number of Warrant Shares issuable
on the exercise of this Warrant shall be proportionately decreased in the case of a combination. Any adjustment under this Section
6(a) shall become effective at the close of business on the date the subdivision or combination becomes effective, or as of
the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend.

 

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(b)          Reclassification,
Reorganization and Consolidation. In case of any reclassification, capital reorganization or change in the capital stock of
the Company (other than as a result of a subdivision, combination or stock dividend provided for in Section 6(a) above),
then, as a condition of such reclassification, reorganization or change, lawful provision shall be made, and duly executed documents
evidencing the same from the Company or its successor shall be delivered to the Holder, so that the Holder shall have the right
at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this
Warrant, the kind and amount of shares of stock and other securities or property receivable in connection with such reclassification,
reorganization or change by a holder of the same number and type of securities as were purchasable as Warrant Shares by the Holder
immediately prior to such reclassification, reorganization or change. In any such case appropriate provisions shall be made with
respect to the rights and interest of the Holder so that the provisions hereof shall thereafter be applicable with respect to
any shares of stock or other securities or property deliverable upon exercise hereof, and appropriate adjustments shall be made
to the per-share Exercise Price payable hereunder, provided the aggregate Exercise Price shall remain the same.

 

(c)          Notice
of Adjustment. When any adjustment is required to be made in the number or kind of Warrant Shares purchasable upon exercise
of the Warrant, or in the Exercise Price, the Company shall promptly notify the Holder of such event and of the new Exercise Price
and number of Warrant Shares or other securities or property thereafter purchasable upon exercise of this Warrant.

 

7.            Lock-Up
Restrictions.

 

(a)           The
Holder may not (a) sell, assign, exchange, transfer, pledge, distribute or otherwise dispose of (i) this Warrant or any portion
of this Warrant; or (ii) any Warrant Shares acquired upon exercise of this Warrant; or (b) engage in any transaction in respect
to this Warrant or any Warrant Shares or any interest therein, the intent or effect of which is the effective economic disposition
of this Warrant or any Warrant Shares (including, but not limited to, engaging in put, call, short-sale, straddle or similar market
transactions), for a period of twelve (12) months from the date of issuance of this Warrant (the “Lock-Up Period”).

 

(b)           The certificates evidencing any Warrant Shares issued on exercise of this Warrant shall bear the legend as set forth
below and such legend shall remain during the term of this applicable Lock-Up Period as indicated in Section 7(a) above:

 

THE SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO TRANSFER RESTRICTIONS SET FORTH IN THAT CERTAIN WARRANT ISSUED BY EMPOWERED PRODUCTS, INC., A NEVADA CORPORATION,
TO THE HOLDER HEREOF (THE “WARRANT”), AND MAY NOT BE SOLD, ASSIGNED, EXCHANGED, TRANSFERRED, ENCUMBERED, PLEDGED, DISTRIBUTED
OR OTHERWISE DISPOSED OF PRIOR TO THAT CERTAIN TIME PERIOD DETAILED IN THE WARRANT. THE ISSUER AGREES TO REMOVE THIS RESTRICTIVE
LEGEND (AND ANY STOP ORDER PLACED WITH THE TRANSFER AGENT) UPON THE EXPIRATION OF THE TIME PERIOD SPECIFIED IN THE WARRANT. A COPY
OF THE WARRANT IS AVAILABLE FOR REVIEW AT THE PRINCIPAL EXECUTIVE OFFICE OF THE ISSUER.

 

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(c)           In
order to enforce the restrictions and obligations set forth in this Section 7, the Company may impose stop-transfer instructions
with respect to this Warrant and any Warrant Shares acquired upon exercise of this Warrant.

 

8.            Fractional
Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued
upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the
basis of the Exercise Price then in effect.

 

9.            No
Stockholder Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any
rights of a stockholder with respect to the Warrant Shares, including (without limitation) the right to vote such Warrant Shares,
receive dividends or other distributions thereon, exercise preemptive rights or be notified of stockholder meetings, and, except
as otherwise provided in this Warrant, such Holder shall not be entitled to any stockholder notice or other communication concerning
the business or affairs of the Company.

 

10.          Restrictions
on Transfer. As provided herein, this Warrant may be transferred only pursuant to a registration
statement filed under the Act, or an exemption from such registration. Subject to such restrictions and Section 7 hereof,
the Company shall transfer this Warrant from time to time upon the books to be maintained by the Company for that purpose, upon
surrender hereof for transfer, properly endorsed or accompanied by appropriate instructions for transfer and such other documents
as may be reasonably required by the Company, including, if required by the Company, an opinion of its counsel to the effect that
such transfer is exempt from the registration requirements of the Act, to establish that such transfer is being made in accordance
with the terms hereof, and a new Warrant shall be issued to the transferee and the surrendered Warrant shall be canceled by the
Company.

 

11.          Governing
Law; Consent to Jurisdiction; Waiver of Jury Trial. This Warrant shall be governed by and construed
under the laws of the State of Nevada as applied to agreements among Nevada residents, made and to be performed entirely within
the State of Nevada. The Company and, by accepting this Warrant, the Holder, each irrevocably submits to the exclusive jurisdiction
of the courts of the State of Nevada located in Clark County and the United States District Court for the District of Nevada for
the purpose of any suit, action, proceeding or judgment relating to or arising out of this Warrant and the transactions contemplated
hereby. Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere
in the world by the same methods as are specified for the giving of notices under this Warrant. The Company and, by accepting
this Warrant, the Holder, each irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding
and to the laying of venue in such court. The Company and, by accepting this Warrant, the Holder, each irrevocably waives any
objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim
that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF THE COMPANY
AND, BY ITS ACCEPTANCE HEREOF, THE HOLDER HEREBY WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO
THIS WARRANT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

 

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12.          Successors
and Assigns. The terms and provisions of this Warrant shall inure to the benefit of, and be binding upon, the Company and
the holders hereof and their respective successors and assigns.

 

13.          Titles
and Subtitles. The titles and subtitles used in this Warrant are used for convenience only and are not to be considered in
construing or interpreting this Warrant.

 

14.          Notices. Unless otherwise provided, any notice required or permitted under this Warrant shall be given
in writing and shall be deemed effectively given as hereinafter described (a) if given by personal delivery, then such notice
shall be deemed given upon such delivery, (b) if given by telex or facsimile, then such notice shall be deemed given upon receipt
of confirmation of complete transmittal, (c) if given by mail, then such notice shall be deemed given upon the earlier of (i)
receipt of such notice by the recipient or (ii) three days after such notice is deposited in first class mail, postage prepaid,
and (d) if given by an internationally recognized overnight air courier, then such notice shall be deemed given one business day
after delivery to such carrier. All notices shall be addressed as follows: if to the Holder, at its address as set forth in the
Company’s books and records and, if to the Company, at the address as follows, or at such other address as the Holder or
the Company may designate by ten days’ advance written notice to the other:

 

If to the Company:

Empowered Products, Inc.

3367 West Oquendo Road,

Las Vegas, Nevada 89118

Attn: Scott Fraser, Chief Executive
Officer

Fax: 702-216-1324

 

With a copy to:

K&L Gates LLP

10100 Santa Monica Boulevard,
7th Floor

Los Angeles, CA 90067

Attn: Michael J. Quinn

Fax: (310) 552-5001

 

15.         Expenses.
If any action at law or in equity is necessary to enforce or interpret the terms of this Warrant, the prevailing party shall
be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such
party may be entitled.

 

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16.         Entire
Agreement; Amendments and Waivers. This Warrant and any other documents delivered pursuant hereto and the Services Agreement
constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof.
Nonetheless, any term of this Warrant may be amended and the observance of any term of this Agreement may be waived (either generally
or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Holder;
or if this Warrant has been assigned in part, by the holders or rights to purchase a majority of the shares originally issuable
pursuant to this Warrant.

 

17.         Severability.
If any provision of this Warrant is held to be unenforceable under applicable law, such provision shall be excluded from this
Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms.

 

IN WITNESS WHEREOF,
the parties have executed this Warrant as of the date above written.

 

	 	
        EMPOWERED PRODUCTS, INC.

         
	 
	 	 	 	 
	 	By: 	/s/ Scott Fraser	 
	 	 	Name:  Scott Fraser 	 
	 	 	Title:  President and Chief Executive Officer	 

 

 

 

 

 

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EXHIBIT A

 

Notice of Exercise

 

EMPOWERED PRODUCTS, INC.

 

Attention: Chief Executive Officer

 

The undersigned hereby
elects to purchase, pursuant to the provisions of the Warrant, as follows:

 

________shares
of Common Stock pursuant to the terms of the attached Warrant at $_______ per share (the applicable Exercise Price as of the date
of this Notice of Exercise) , and tenders herewith payment in cash of the Exercise Price of such Warrant Shares in full, together
with all applicable transfer taxes, if any.

 

The undersigned hereby
represents and warrants that Representations and Warranties in Section 3 of the Warrant are true and correct as of the date hereof
and acknowledges that the shares of Common Stock acquired pursuant to this Notice of Exercise will be subject to the Lock-Up Restrictions
contained in Section 7 of the Warrant.

 

 

HOLDER:

 

 

	Date:____________________	By: 	 	 
	 	 	Name 	 	 
	 	 	Address:	 	 
	 	 	 	 
	 	 	 	 

 

Name in which shares should be registered:

 

 

 

 

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[INFORMATION FOR PURPOSES OF FILING WITH
THE SECURITIES AND EXCHANGE COMMISSION]

 

SCHEDULE A

 

HOLDERS AND NUMBER OF WARRANT SHARES

 

 

	Holder	Number of Warrant Shares
	 	 
	Health & Beauty Marketing Group, LLC	600,000
	Macromark, Inc.	400,000

 

 

 

 

    	10EXHIBIT 10.2

 

NON-EXCLUSIVE LICENSE

AND DISTRIBUTION AGREEMENT

THIS Agreement,
together with all Appendices hereto, is entered into this 1st day of July, 2013, by and between CANNAVEST CORP. (hereafter referred
to as “Supplier”), a Texas corporation with its principal offices in Las Vegas, Nevada, and HEMPMEDS PX, LLC (hereafter
referred to as “Distributor”), a Nevada Limited Liability Co., with its principal offices in San Diego. California.
Supplier and Distributor are hereafter collectively referred to as the “Parties.”

RECITALS

WHEREAS. Supplier
has developed and produces, and holds the rights to the formulation, development, production, distribution, marketing and sales
of certain proprietary natural hemp based products described more fully hereafter, and also provides certain support and monitoring
services therefor; and

WHEREAS, Supplier
and Distributor desire to enter into a non-exclusive marketing and distribution agreement pursuant to which Distributor will be
granted the non-exclusive rights to market, sell, distribute and service Supplier’s Products through its internet based,
online tools and websites as described hereafter, subject to the terms and conditions outlined in this Agreement; and

WHEREAS, Distributor
is desirous of obtaining the rights to market and distribute the Products through online tools and websites under the terms and
conditions set forth in this Agreement;

NOW, THEREFORE,
in consideration of the premises and the mutual covenants, agreements, representations and warranties herein contained, the Parties
hereto do hereby agree as follows:

1.             Definitions.
In addition to such terms as are defined elsewhere in this Agreement, the capitalized terms in this Agreement shall have the following
meanings:

1.1             
“Agreement” shall mean this Non-Exclusive License and Distribution Agreement.

1.2             
“Commencement Date” shall be the date this Agreement is executed by an authorized representative of each
of the Parties.

1.3             
“Confidential Information” shall mean all information provided by Supplier to Distributor under this
Agreement which is marked or indicated by Supplier to be confidential, including without limitation, all Product formulations and
specifications, designs, ideas and concepts; Product documentation; proprietary studies and research; supplier identities and contact
information, supplier contracts, pricing and supply terms; proprietary price lists, financial information, and work in progress;
and all other information related to the Products or Supplier’s business, tangible or intangible, now existing or hereafter
created or developed, and in all forms or mediums, whether written, electronic or otherwise which are proprietary to Supplier.
The term “Confidential Information” shall not include information that has become generally available to the public
by the act of one who has the right to disclose such information without violating any right of Supplier, or which is known to
Distributor prior to its disclosure by Supplier.

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1.4             
“Customers” or “End Users” shall mean any third party to whom Distributor sells Product(s).

1.5             
“Documentation” shall mean such manuals, product formulations or specifications, descriptions, and other
written documentation as may relate to the Products.

1.6             
“Derivatives” shall mean any revisions, adaptations, improvements, or new versions of or to the Products
made by or on behalf of Supplier.

1.7             
“Supplier Suggested Price” shall mean the price of the Products as set forth in the most current price
list published by Supplier in effect on the date an order for a Products is received by Supplier. Supplier may change the Supplier
Suggested Price of any Product at any time and from time to time. Said changed prices shall take effect upon ninety (90) days notice
to Distributor, or whatever longer time period is required by the laws of the state in which Distributor’s principal office
is located.

1.8             
“Products” shall mean those products containing natural hemp which are developed, produced, manufactured,
offered, or sold by Supplier. The initial Products are set forth in Schedule “A” attached herein.

1.9             
“Proprietary Rights” shall mean all rights held by Supplier in the Products, and Confidential Information,
including without limitation, patents and patent rights, copyrights, authors’ rights, trademarks and service marks, trade
names, logos, know-how and trade secrets, irrespective of whether such rights arise out of or are created by state, federal or
international intellectual property, unfair competition or trade secret laws.

1.10         
“Support Services” shall mean ongoing Product training and such other support services as may be undertaken
by the Supplier or as otherwise permitted or required under the terms of this Agreement.

2.             Appointment;
Grant of License; Term.

2.1             
Appointment; Grant of License. Supplier hereby grants to Distributor and Distributor accepts from Supplier
a non-exclusive, world-wide license and right to promote, market, sell, distribute and service Supplier’s Products and an
exclusive, worldwide license and right to promote, market, sell, distribute the Products online through Distributor’s internet
based, online tools and websites subject to the terms and conditions of this Agreement. The license granted herein shall include,
but shall be limited to the right:

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2.1.1       
To use the Products and Derivatives thereof, provided said use shall be limited only to the extent necessary for
Distributor to fulfill Distributor’s marketing, sales, distribution and service obligations under this Agreement;

2.1.2       
Subject to the limitations set forth below in section 6 of this Agreement, to use, publish, transmit, and reproduce
the trademarks and service marks, logos, and trade names of Supplier in connection with Distributor’s advertising, promotion,
marketing, and sales efforts, but only to the extent necessary to fulfill Distributor’s obligations under this Agreement;
and

2.1.3       
To demonstrate the Products to third parties, provided such demonstration or related disclosure is consistent with
the confidentiality and use provisions set forth hereafter in section 6 of this Agreement.

2.2             
Term. The license and distributorship granted herein shall continue for a period of [***] from the
commencement Date (the “Initial Term”), and at the conclusion of the Initial Term shall automatically renew for additional
[***] periods, unless terminated by either Party giving written notice of termination to the non-terminating Party no later than
ninety (90) days prior to the expiration of the Initial Term or subsequent [***] term, or unless terminated prior to the expiration
thereof by the mutual agreement of the Parties or revoked pursuant to section 9 of this Agreement.

3.             Price to Distributor; Delivery; Payment Terms.

3.1             
Formulation, Manufacturing. Supplier shall be responsible for delivering Products ordered by Distributor
in final form, ready for shipment to End Users/Customers. All Products labeling shall conform to and comply with all applicable
federal and state laws and regulations.

3.2             
Product Orders. Distributor shall purchase the Product hereunder by issuing written Purchase Orders
to Supplier prior to Distributor’s requested ship date identifying the quantity, price, total Purchase Order price, shipping
instructions, requested ship dates and any other special information Distributor may place additional interim Purchase Orders at
any time and with no notice requirement as the market demand may from time to time require. Acceptance of Purchase Orders by Supplier
shall be conformed to Distributor by first class mail, facsimile, or by email addressed to Distributor’s designated contact.
Distributor’s Purchase Orders shall be governed by the terms and conditions of this Agreement and notwithstanding the content
of Distributor’s Purchase Order, this Agreement shall take precedence over such Purchase Orders. Any conflicting, inconsistent,
or additional terms of Distributor’s Purchase Order shall be null and void, and are hereby waived by Distributor. Supplier
shall ship the Products in a timely and efficient manner without unreasonable delay. Supplier shall advise Distributor, in writing,
of the occurrences of any shipping delays stating the reason and the new estimated delivery date.

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3.3             
Price to Distributor; Taxes. Distributor shall be liable for payment of the purchase price of all Products
ordered under this Agreement. Initial Product pricing is set forth in Schedule B attached hereto. Supplier may change its prices
from time to time in its discretion, provided all price adjustments shall only apply to Products ordered after the effective date
of such change and the effective date shall be set no earlier than thirty (30) days after the date of notice to Distributor. From
time to time, Supplier may provide Distributor with a list of Supplier’s Suggested Retail Price for Products. While Distributor
may determine the method and manner of pricing Products to End Users and Customers, such Product prices to End Users and Customers
shall not exceed Supplier’s Suggested Retail Price for Products by more than [***] without the express written consent of
Supplier. Distributor shall collect and pay all sales, revenue and similar taxes, duties, and any other charges or assessments
established by any government agency which are applicable to the performance of this Agreement. In addition, Distributor agrees
to indemnify and hold Supplier harmless from any encumbrances, fines, penalties, or other expenses which Supplier may incur as
a result of Distributor’s failure to collect or pay any taxes as required under this Agreement.

The Parties acknowledge and agree that,
from time to time, Supplier and Distributor may jointly decide to conduct promotional activities which include temporary reductions
to or deviations from existing Product pricing to Distributor. Specifically, the Parties acknowledge and agree that Schedule B
contains special Product pricing relating to Distributor’s planned launch of its Product marketing and sales efforts during
the months of August and September 2013 (the “Initial Launch”). Consequently, for the Initial Launch, the Product price
to Distributor for Products sold by Distributor to End Users and/or Customers during the Initial Launch (but not purchases made
by Distributor for unsold inventory which is not expressly connected to or arising from a bona fide purchase by a specific End
User or Customer). At the expiration of the Launch Period, the normal Product pricing shall apply unless Supplier consents in writing
to the extension of the designated promotional pricing or agrees to alternative promotional pricing.

3.4             
Delivery of Products. All Products purchased by Distributor shall be delivered to Distributor’s
warehouse or designated facility in San Diego, California. Beneficial ownership of, and risk of loss or damage to, all Products
shipped under this Agreement shall remain in Supplier until the Products have been delivered to Distributor’s possession
at the foregoing location. Ownership of Products shall not be deemed transferred to Distributor at any other place or time, regardless
of the time, method, place, medium of payment, the method of shipment, the payment of transportation charges or insurance, the
manner of consigning shipments, or any statement contained in, or implication drawn from, the shipping documents or any other documents
relating to the sale. Risk of loss with respect to Products shipped to Distributor shall pass from Supplier to Distributor only
after Supplier receives payment in full for the Products. Distributor shall inspect all Products promptly upon receipt thereof
at the ship-to location and may reject any Product that is defective. Any Product not properly rejected by Distributor shall be
deemed accepted. To reject a Product, Distributor shall notify Supplier of its rejection, by facsimile or email to the designated
contact of Supplier, within ten (10) business days of receipt of the shipment, and request a Product Return code. If instructed
to do so by Supplier, Distributor shall return the rejected Product(s), freight collect, with the Product Return code displayed
on the outside of the carton. Supplier may refuse to accept any Product that does not bear a valid Product Return code on the carton.
Rejected Product(s) must be shipped to arrive at Supplier no later than thirty (30) days after the issuance of the “Product
Return code; the Product Return code will no longer be valid after that time. Alternatively, Supplier shall, in its discretion,
be entitled to instruct Distributor to destroy the rejected Product(s). If Supplier directs Distributor to destroy the rejected
Product, Distributor shall forthwith comply with Supplier’s instructions and shall provide written evidence thereof to Supplier.
Under no circumstances shall Distributor discount, sell or otherwise transfer any rejected Product without the express written
consent of Supplier.

    	4

    	 

    

3.5             
Delivery Dates. Dates of delivery shall be subject to the mutual agreement of Supplier and Distributor,
provided in the event no such mutual agreement can be reached within fourteen (14) days after an order is received by Supplier,
then delivery shall be completed no later than ninety (90) days after the date the original order is received by Supplier.

3.6             
Payment Terms. Supplier shall invoice monthly for Product sold to Distributor in the prior month. Said
invoice shall set forth in detail a description of the Products shipped and the total amount due from Distributor thereon. Payments
for Products shall be made on or before the fifteenth (15th) day following the invoice date. Payment shall be made in
United States currency, in certified funds or wire transfer, and all exchange, interest, banking, collection or other charges are
to be for Distributor’s account. Any balances outstanding, but unpaid, after the date payment is due on a commercial invoice
to Distributor, shall accrue interest at a rate of [***] per annum to the date payment is received by Supplier.

3.7             
Insurance Coverage. Supplier shall insure all shipments hereunder under its usual commercial insurance
policy until such time as beneficial ownership to the Products passes to Distributor. Thereafter, Distributor shall provide insurance
coverage for Products delivered to Distributor hereunder naming Supplier as an additional named insured under said coverage. Distributor
shall furnish to Supplier certified or photo static copies of the master insurance policy, and copies of certificates covering
individual shipments if applicable. Supplier reserves the right to carry contingent insurance in any case in which the Distributor’s
insurance is deemed unacceptable to it.

3.8             
Minimum Purchase and Sales Quotas. Distributor shall purchase a minimum of [***] of Products in each
of the first two years of this Agreement, beginning with the Commencement Date, as a minimum purchase amount and sales quota. Thereafter,
Supplier may adjust said minimum purchase amount and sales quotas annually, provided the minimum purchase amount shall not be increased
by more than [***] annually and Supplier shall give Distributor written notice thereof at least ninety (90) days prior to the end
of each term of this Agreement. Distributor’s failure to meet the minimum purchase and sales quota requirements fixed by
Supplier shall be an event of default under section 9.1 and shall entitle Supplier to take those remedies and assert those rights
set forth therein.

4.             Records;
Distributor Warranties.

4.1             
Records. Distributor shall keep accurate records and books of accounting; showing the quantities and
wholesale price paid by Distributor to Supplier for all Products, and all sales of Products made to End Users/Customers. Distributor
shall submit weekly written reports to Supplier stating in each such report the quantities and wholesale prices of the Products
purchased by Distributor and sales made during the preceding calendar week. Additionally, in the event Distributor’s online
product sale system has real-time or similar reporting capabilities, Distributor shall provide Supplier with access to a system
tool that will allow Supplier to view the foregoing reports online. The books and records prepared by Distributor shall be retained
for a minimum of three (3) years. During the term of this Agreement and for a period of twelve (12) months thereafter, Supplier
shall have the right, at its expense and upon reasonable notice, to examine or have examined by its authorized representative Distributor’s
books and records in order to determine and verify Distributor’s performance under this Agreement.

    	5

    	 

    

4.2             
Distributor Warranties. Distributor warrants to Supplier as follows:

4.2.1       
Distributor has the right, authority, and capacity to enter into this Agreement, which has been approved by its Board
of Directors, and that by carrying out its obligations hereunder, it will not infringe upon the rights of others.

4.2.2       
Distributor will cooperate in every way possible to establish and maintain the standards of the Products, and to
accurately represent the Products to End Users, Customers and other third parties in a manner consistent with the Documentation
and promotional materials created and supplied by Supplier. In this regard, Distributor shall not make any warranty or representation
regarding the Products, or make any assurances to any third party, which have not received the prior written approval of Supplier.

4.2.3       
Distributor shall purchase and maintain a general liability insurance policy, including coverage for property damage
and personal injury, in an amount of not less than [***] per occurrence. Said policy shall name Supplier as an additional insured
thereunder. Distributor shall provide to Supplier evidence of said insurance within thirty (30) days from the execution of this
Agreement, and shall further notify Supplier of any material changes to said policy, including any change of insurance carrier,
within ten (10) says of any such change.

5.             Marketing
Support and Documentation.

5.1             
Marketing and Promotion. Distributor shall be responsible for developing and conducting ongoing, commercially
reasonable marketing and promotional activities for Products, and shall bear all costs therefore or related thereto. Supplier shall
supply to Distributor those marketing and promotional materials and brochures developed and used by Supplier in its own marketing
and promotion activities, or as may be developed and distributed by Supplier in the future. Supplier shall supply said materials
and brochures in such quantities as Supplier, in its sole discretion, shall deem sufficient for Distributor’s marketing and
promotional activities, provided Distributor shall be responsible for freight and shipping charges thereon.

5.2             
Reproduction of Marketing and Promotional Materials. Distributor shall be entitled to reproduce, at
its own expense, the marketing and promotional materials supplied by Supplier, provided, any material changes thereto shall first
require the written approval of Supplier. Furthermore, Distributor shall be entitled to develop, create and publish its own marketing
and promotional materials and brochures, using Supplier’s copyrights, trademarks and service marks, provided any such materials
and brochures shall first be submitted to and approved by Supplier at least fifteen (15) days prior to their use, distribution
or dissemination by Distributor. Supplier shall have the absolute right, in its own discretion, to reject or otherwise deny approval
of any such materials and brochures. Distributor’s failure to secure Supplier’s approval of marketing and promotional
materials and brochures, as set forth in this paragraph, prior to their use, distribution or dissemination by Distributor shall
be deemed a material breach of this Agreement.

    	6

    	 

    

5.3             
Promotions and “Marketing Online or Through Electronic Communications. During the term of this
Agreement, Distributor shall actively promote and feature the Products on all websites, and in the case of mobile devices viewing
page displayed thereon, owned or otherwise controlled by Distributor (collectively the “Online Sites’). As used herein,
the term “actively promote and feature” shall mean the continuous display of Product information, brands and marks
on the home page of each website or mobile viewing display site on the Online Sites, together with such live electronic links or
other access points required to enable End Users and Customers to purchase of Products on such Online Site. As a result, Distributor
shall ensure that the Products are integrated at all times into Distributor’s shopping cart or other product purchase processes
and flows. Distributor shall at its own expense develop, create and maintain all content displayed on Online Sites. However, any
Online Sites containing or displaying Supplier’s copyrighted materials, trademarks or service marks shall first be submitted
to and approved by Supplier at least fifteen (15) days prior to their use or activation by Distributor. Supplier shall have
the absolute right, in its own discretion, to require changes thereto, or reject or otherwise deny approval of any content relating
to the Products displayed on such Online Sites. Distributor’s failure to secure Supplier’s approval of Product content
displayed Online Sites as set forth in this paragraph prior to its use or activation by Distributor shall be deemed a material
breach of his Agreement. The foregoing approval process and requirements shall also apply to any subsequent modifications or revisions
to approved Product content displayed on the Online Sites.

5.4             
Co-Marketing and Joint Programs. The Parties agree to cooperate in good faith to develop and implement
appropriate co-marketing programs for the Products, including participation at trade shows, trade exhibits, industry and professional
conferences that may be advantageous to the Product promotion, distribution and marketing efforts. Such co-marketing programs,
including the structure thereof and apportionment of costs and marketing funds, shall be reviewed and determined on a case by case
basis.

6.             Intellectual
Property Rights; Confidentiality; Competing Products.

6.1             
Representations on Supplier’s Rights. Supplier represents to Distributor that (a) it owns or
has rights to the Products, Proprietary Rights and Confidential Information, (b) to the best of Supplier’s knowledge said
Products, Proprietary Rights and Confidential Information do not infringe upon any patent, copyright or other proprietary right
of any third party, and (c) Supplier has full authority to enter into this Agreement.

6.2             
Acknowledgement of Ownership of Rights. Distributor hereby acknowledges that Supplier is the owner
of all rights in and to the Technology, Proprietary Rights and Confidential Information, including without limitation, all patents
or patent rights, copyright, trademark, service marks, logos, tradenames and other Proprietary Rights, now existing or arising
hereafter pursuant to state and federal laws and international conventions, and similar laws of the countries where Distributor
now or hereafter conducts operations, and that Distributor shall not, in any way, acquire ownership rights of any nature of kind,
in said Products, Proprietary Rights, and Confidential Information.

    	7

    	 

    

6.3             
Unauthorized Applications. Distributor shall not, directly or indirectly through any third party, attempt
to register any of Supplier’s patents or patent rights, copyrights, trademarks and service marks, brands, trade secrets or
trade names without Supplier’s prior written permission.

6.4             
Confidentiality. Distributor, on behalf of itself, its employees, representatives, affiliates, and
agents, shall take all reasonable steps to safeguard Supplier’s Proprietary Rights and Confidential Information from any
unauthorized use, copying, sublicensing or distribution. Except as provided otherwise in section 2 of this Agreement, Distributor,
its employees, representatives, affiliates, and agents, shall retain all Confidential Information furnished by Supplier in strictest
confidence and shall not publish or disclose to third parties such Confidential Information at any time during the term of this
Agreement or after its termination except as necessary to fulfill its obligations under this Agreement.

6.5             
Competing Products. For the term of this Agreement, and for a period of [***] after the expiration
or termination hereof, Distributor shall not under any circumstances, directly or indirectly through affiliates or other third
parties, formulate, produce, market or sell its own, or cause to be formulated, produced, marketed or sold by any third party,
any natural hemp based cannabinoid products which directly compete with or are similar to the Products without the written consent
of Supplier. The foregoing shall apply only to those Products described in Schedule A, and such additional Products as may be developed
or offered by Supplier which are subsequently accepted by Distributor for inclusion in its distribution and sales operations. The
Parties acknowledge and agree that Distributor or its affiliated companies have developed and offer hemp based products as set
forth in Schedule C attached hereto.

6.6             
Survival After Termination or Expiration. The Parties expressly agree that the provisions of this section
6 shall survive the termination or expiration of this Agreement. Distributor acknowledges and agrees that an unauthorized disclosure
of any Confidential Information, or the unauthorized use, copying, sublicensing, or distribution of the Proprietary Rights or Technology,
in contravention of any of the terms of this Agreement would cause irreparable injury to Supplier, for which monetary damages would
not be adequate compensation; unless required to disclose by law and or governmental request or inquiry. Accordingly, Distributor
agrees that in the event of such disclosure, misuse, copying sublicensing or distribution in violation of any of the provisions
set forth in this section 6, Supplier shall be entitled to injunctive relief against Distributor and any violating entity or individual,
in addition to all other legal and equitable remedies available to Supplier. Furthermore, Supplier shall be entitled to an award
of its costs (including but not limited to court costs and reasonable attorney’s fees) in any such action to enforce this
Agreement. In this regard, the Parties agree that the hourly fees normally charged by Supplier’s attorneys shall be deemed
reasonable.

7.             Supplier’s Warranties.

7.1             
Supplier warrants that the Products will be free from defects in materials and workmanship under normal use to the
date of expiration or “use by” date, or similar product longevity disclosure designated by Supplier, if any. Supplier
expressly disclaims any warranties and makes no representations regarding the effectiveness of the Products in addressing, curing,
treating, healing or correcting any type of physical, mental, or other ailment, injury, disease, or condition. Distributor shall
not make any such representation regarding the Products which have not been expressly approved by Supplier in writing. In the event
of the existence of one or more material defects in any Product received by Distributor, End User or Customer, which defect(s)
relates to the improper formulation of the Products or Product or other defect associated therewith including erroneous or defective
packaging, Distributor shall immediately notify Supplier of the nature of the defect(s). Upon receiving such notice from Distributor,
Supplier shall, at its sole option and cost, either (a) take such measures as are required to cure the defect(s) designated in
the notice, or (b) replace such defective Products or Product. In either case, Supplier shall have to option to either require
the return of the Products or Product claimed to be defective, or to instruct Distributor to dispose of said defective Products
or Product. If Supplier elects to require the return of a defective Products or Product, Supplier shall pay all costs associated
with the return of said defective Products or Product, including but not limited to freight and handling. Notwithstanding the foregoing,
the Parties acknowledge and agree that Supplier shall not in any way be responsible or liable for any defects which (a) were caused
or arose after delivery to Distributor (b) were caused by or resulted from the negligence or other wrongful conduct on the part
of Distributor or nay third party, or (c) other causes external to the Products or Product.

    	8

    	 

    

7.2             
LIMITATION ON DAMAGES. THE WARRANTIES CONTAINED IN SUBSECTION 7.1 ARE IN LIEU OF ALL OTHER WARRANTIES
OR CONDITIONS, EXPRESS OR IMPLI9ED, INCLUDING WITHOUT LIMITATION, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
IN NO EVENT SHALL SUPPLIER BE LIABLE FOR DAMAGES, DIRECT OR INDIRECT, INCLUDING LOST PROFITS, INCIDENTAL OR CONSEQUENTIAL DAMAGES
SUFFERED BY DISTRIBUTOR OR ANY CUSTOMER, END USER OR OTHER THIRD PARTY ARISING FROM ANY BREACH OF WARRANTY OR BREACH OF CONTRACT,
NEGLIGENCE OR ANY OTHER LEGAL GROUND OF ACTION, IN EXCESS OF THE PURCHASE PRICE PAID BY DISTRIBUTOR FOR THE DEFECTIVE PRODUCTS.

7.3             
Indemnification by Distributor. Distributor shall indemnify, defend and hold Supplier harmless from
and against all claims, expenses (including court costs and reasonable attorneys’ fees), loss or damages arising out of or
in connection with Distributor’s marketing, distribution, marketing, sale, installation, monitoring, and maintenance of the
Products.

7.4             
Indemnification by Supplier. Supplier shall indemnify, defend and hold Distributor harmless from and
against all claims, expenses (including court costs and reasonable attorneys’ fees), loss or damages arising out of or in
connection with Supplier’s willful misconduct, negligence, breach of warranties or other representations herein.

8.             Compliance
with Laws.

8.1             
Distributor Compliance. Distributor shall assure compliance with all applicable federal laws and regulations,
as well as all states or countries in which Distributor is located or otherwise conducts business.

8.2             
Supplier Compliance. Distributor shall cooperate promptly with Supplier to enable Supplier to comply
with all applicable state and federal laws, including but not limited to, all laws and regulations relating to the control of exports
if applicable, and product labeling and disclosures. Distributor hereby acknowledges that this Agreement and the performance hereof
is subject to compliance with applicable state and federal laws, including regulations or orders relating to the export or re-export
of products, product labeling and disclosures, and laws relating to boycotts of and discrimination against customers or users based
upon race, color, creed, sexual orientation or national origin.

8.3             
Export Restrictions. Distributor hereby agrees that Distributor shall not export re-export, or transfer
directly or indirectly from the United States any Products, Proprietary Rights or Confidential Information to any country for which
the U.S. government requires exporters to obtain an export license or other governmental approval at the time of export, re-export
or transfer, unless prior written authorization is obtained from the appropriate governmental agencies and from Supplier.

9.             Events of Default and termination of Agreement.

9.1             
Default by Distributor. As to Distributor’s obligations under this Agreement, the following events
shall be deemed events of default, for which Supplier, in addition to such other remedies as may be provided by law, may termination
this Agreement at any time prior to the expiration of its stated term:

9.1.1       
Distributor fails to make any payment or to perform any material obligation, duty or responsibility or is in default
with respect to any other material term or condition under this Agreement, and such failure or default continues unremedied for
a period of fourteen (14) days after written notice thereof to Distributor; or

9.1.2       
Distributor undertakes a merger, consolidation or other corporate combination in which Distributor is not the surviving
entity, or Distributor sells all or substantially all of its assets unless this provision is otherwise waived by Supplier; or

    	9

    	 

    

9.1.3       
Distributor fails to meet the established purchase and sales quotas, if any, set forth in section 3.8 in a twelve
(12) month term of this Agreement.

9.1.4       
Distributor, or any material part of its operations voluntarily or involuntarily files for protection under the U.S.
Bankruptcy Code, or is placed in the hands of or under the control of a receiver, or is otherwise dissolved by operation of law,
court order, or vote of Distributor’s ownership.

9.2             
Default by Supplier. As to Supplier’s obligations under this Agreement, the following events
shall be deemed events of default, for which Distributor, in addition to such other remedies as may be provided in this Agreement
or by law, may terminate this Agreement at any time prior to the expiration of its stated term:

9.2.1       
Supplier fails to perform its obligations, duty or responsibility or is in default with respect to any material term
or condition under this Agreement, and such failure or default continues unremedied for a period of fourteen (14) days after written
notice thereof to Supplier; or

9.2.2       
Supplier or any material part of its operations, voluntarily or involuntarily files for protection under the U.S.
Bankruptcy Code or is placed in the hands of or under the control of a receiver, or is otherwise dissolved by operation of law,
court order, or vote of Supplier’s ownership.

9.3             
Effect of Termination. Except as otherwise provided elsewhere in this Agreement, upon termination of
this Agreement:

9.3.1       
The license and appointment granted hereunder shall terminate immediately without refund of any compensation paid
to Supplier. In this regard, Supplier shall have the absolute right and authority to notify all End Users of the termination of
this Agreement, to direct all future payments to Supplier, and to market and sell Products directly to End Users and Customers.

9.3.2       
Except as otherwise expressly limited in section 7 above, the defaulting party shall be liable for damages and/or
other costs directly or indirectly incurred by the non-defaulting party as a result of any breach of this Agreement.

9.3.3       
Distributor shall promptly return all Documentation, manuals, reference materials, and other information associated
with the Products, Proprietary Rights or Confidential Information supplied to or in Distributor’s possession on the date
of termination and shall remove all Product content or references from the Online Sites.

10.           General.

10.1         
Non-Assignable. This Agreement is not assignable, in whole or in part, by Distributor without the prior
written consent of Supplier. Any such attempt to assign any of the rights, duties or obligations of this Agreement without such
consent shall be null and void.

10.2         
Binding Effect. This Agreement shall be binding upon the Parties, and their respective employees, agents,
representatives, affiliates and successors or assigns.

10.3         
Independent Contractors. Nothing in this Agreement shall be construed as creating a partnership, joint
venture, or association between the Parties or making Distributor an agent or employee of Supplier. In all of its operations hereunder,
Distributor shall be deemed an independent contractor, shall conduct its business at its own cost and expense and shall have no
authority to make any representation or warranty on behalf of Supplier, except as specified in section 7 of this Agreement. At
no time shall Distributor represent that distributor represents or is authorize to obligate or act on behalf of Supplier unless
expressly authorized by this Agreement or with the prior written consent of Supplier.

    	10

    	 

    

10.4         
Entire Agreement; Waiver. This Agreement, including Schedules attached hereto, as amended from time
to time, reflects the entire understanding of the Parties. The provisions of this Agreement may not be waived or changed by Distributor
except by a writing signed by and evidencing the consent of Supplier thereto. Supplier may, in its sole discretion, amend this
Agreement from time to time on thirty (30) days prior written notice to Distributor. No Waiver of breach shall constitute a subsequent
waiver of any subsequent breach, and if any provision of this Agreement is determined by a court of competent jurisdiction to be
invalid, the remaining provisions shall remain enforceable.

10.5         
Notices. All notices or other written communications required in this Agreement shall be deemed to
have been duly given if delivered personally, by certified mail return receipt requested, or by facsimile to the address or facsimile
number of the receiving Party set forth below in this Agreement (or such different address or facsimile number as either Party
shall have specified in writing to the other). Notices personally delivered or sent by facsimile shall be deemed effective upon
their receipt; notices sent by mail shall be deemed effective three (3) says after mailing.

10.6         
Force Majeure. In the event circumstances develop that are beyond the control of the Supplier or Distributor,
such as natural catastrophes, war or acts of God that prevent or materially limit a Party’s ability to perform the obligations
required by this Agreement, it shall not be cause for termination of this Agreement. The Parties further agree that in the event
a force majeure does occur, they will work cooperatively to develop solutions which are mutually beneficial to both Parties.

10.7         
Disputes; Arbitration; Attorney’s Fees. All disputes controversies or differences that may arise
between the Parties hereto arising out of or relating to or in connection with the terms and conditions of this Agreement or for
any alleged breach thereof, shall be settled by arbitration to be conducted in Clark County, Nevada under the Rules of Arbitration
o the American Arbitration Association. The Parties hereby agree that any award rendered by the arbitrator shall be final and binding
upon the Parties and shall be enforceable in the courts of the states where each Parties maintains its principal office. In the
event either party is required to initiate arbitration or legal action to enforce this Agreement, the prevailing party shall be
entitled to recover its reasonable attorney’s fees and other expenses. In this regard, the normal hourly rate charged by
the prevailing party’s attorney shall be deemed reasonable by the parties.

10.8         
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of Nevada.

10.9         
Severability. In the vent that any provision of this Agreement shall be held by a proper court of law
to be invalid, such invalidity shall not affect the enforceability of the remaining provisions of this Agreement.

10.10     
Remedies. Except as expressly provided in this Agreement, no remedy conferred by any of its provisions
is intended to be exclusive of any other remedy now or hereafter provided by law, and the election of any one or more such available
remedies by either of the Parties shall not constitute a waiver of the right of such party to other available remedies.

10.11     
Plurals; Gender. This Agreement shall be construed so that the singular includes the plural, and vice
versa the masculine includes the feminine and neuter genders. There shall be no presumption that ambiguities shall be construed
or interpreted against the drafter.

10.12     
Headings; Captions. The headings, subheadings, and other captions in this Agreement are for convenience
and reference only and shall not be used in interpreting, construing, or enforcing any of the provisions of this Agreement.

    	11

    	 

    

IN WITNESS WHEREOF,
the undersigned acknowledges that the undersigned has read this Agreement, understands it, agrees to be bound by its terms and
conditions, and has caused this Agreement to executed by its duly authorized representative as of the date and year first above
written.

	
        “SUPPLIER”

         

         

        By: /s/ Mike
        Mona, Jr.

        Its: President and CEO

        Address:  2688 S. Rainbow
        Blvd, Suite B

          Las Vegas, NV 89146

          Telephone: (866) 290-2157

         
	
        “DISTRIBUTOR”

         

         

        By: /s/ Michelle
Sides

        Its: Michelle Sides

        Address:  4901 Morena
        Blvd, Suite 702

          San Diego, CA 92117

          Telephone:

         

 

 

 

 

 

 

 

 

 

 

    	12

    	 

    

Schedule A

Products

		1.	Cibaderm

		2.	Cibdex

		3.	RSHO (Real Scientific Hemp Oil)

 

This Schedule may be
amended from time to time, and products added to the above-list upon the mutual agreement of Supplier and Distributor.

 

 

 

 

 

 

 

 

 

 

 

    	13

    	 

    

Schedule B

Cibaderm

	Product	Hempmeds PX Wholesale Price	Promotional Pricing
	3oz Hand Cream	[***]	[***]
	6 oz Lotion	[***]	[***]
	6 oz Body Wash	[***]	[***]
	8 oz Shampoo	[***]	[***]
	8 oz Conditioner	[***]	[***]
	1.7 oz Salve	[***]	[***]

 

Cibdex

	Product	Hempmeds PX Wholesale Price	Promotional Pricing
	100 mg Natural	[***]	[***]
	100 mg Peppermint	[***]	[***]
	500 mg Natural	[***]	[***]
	8500 mg Peppermint	[***]	[***]

 

RSHO

	Product	Hempmeds PX Wholesale Price	Promotional Pricing
	6 Pack	[***]	[***]
	Single Tube	[***]	[***]

 

    	14

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