Document:

BorrowMoney.com
– Written Description by E-

Wiz
Solutions, Inc.

 

Summary:
E-Wiz Solutions, Inc. was awarded the design and development of the website “BorrowMoney.com” for their extensive
coding experience, qualifications and reputation as a professional services company specializing in dynamically driven mission
critical applications requiring above average level of complexity. E-Wiz Solutions, Inc. is a development firm located within
the United States of America, and warrants that the work outlined herein amounts to approximately $250,000.00 and is justified
in terms of our having to develop a fully-automated, self-manageable, secure and highly competitive website that adheres to our
clients needs and intended project scope. Any assumption of what the site BorrowMoney.com should and/or could have cost without
first having a clear understanding the intricate details behind the development and deployment of BorrowMoney.com can only be
flawed. As such, we have provided the following as an outline including in detail the procedures and developmental methodologies
implemented by E-Wiz Solutions, Inc. in fulfilling the requirements set forth as per client correspondence, relayed concepts and
project scope.

 

Design
Considerations:

 

BorrowMoney.com
at its core is an online lending service designed to match borrowers with local lenders. Facilitating this process requires the
collection of financial data from online visitors thereby allowing the online retrieval by lending institutions. Given that BorrowMoney.com’s
core service involves the handling of secure information (i.e. social security numbers and financial data), protecting this data
from an unwarranted data breach is the utmost priority and therefore a major factor in determining an appropriate methodology
for development. During the initial design consideration, there was no known commercial 3rd party solution available at the time
that could satisfy the unique set of features or level of security required for this project. As a result, the only option available
was to perform custom design and development (further explanation/ logic which lead to this decision can be found in appendix
A).

 

Project
Scope:

 

To
provide the website owner with the ability to fully administer its services and self-expand from its core service offering as
necessary from day one without the need for developer intervention. To accomplish this task, the owner required the capability
to configure, manage and monitor all aspects of its online service offering via an very advanced and carefully
designed back-end administrative portal.

 

	 	●	Configurable
    aspects include but are not limited to: member types and member registration forms; multi-purpose forms including loan
    forms; member type access restrictions to content, forms and/or services; subscription based services, packaged services and
    costs; email templates for member correspondence;
	 	 	 
	 	●	Manageable
    aspects include but are not limited to: maintenance of all configurable aspects; website pages and content; bulk email
    communications for CRM/Marketing; customize login screen dashboard for various member types;
	 	 	 
	 	●	Monitoring
    aspects include but are not limited to: member accounts, member submitted content and member activities; visitor feedback
    & live chat;

 

It
should be noted that as part of this project, E-Wiz Solutions, Inc. performed a majority of the initial configuration and quality
assurance required to initiate/launch BorrowMoney.com core services and site wide features prior to site owner training and administrative
hand off.

 

Site
Security:

 

The
BorrowMoney.com core would contain specific core coding architecture and safety features designed to ensure proper and secure
member authentication and member access to content and services in accordance with rules set forth via administrative portal configurations.
Core security features include but are not limited to the following:

 

	 	1.	Access
    control mechanisms for understanding rule sets configured for created member types (anonymous, borrowers, lenders, realtors,
    advertisers, administrators, etc...).
	 	 	 
	 	2.	Login
    session handling, auto log out, login activity logs, session and IP address tracking for all successful and failed logins,
    forgot login handling, SQL error tracking and administrative email notification;
	 	 	 
	 	3.	Intrusion
    detection and protection against SQL injection and cross-site-scripting.
	 	 	 
	 	4.	Multilevel
    administrative access setup & configuration (super user, administrator, limited administrator, etc...)
	 	 	 
	 	5.	Encrypted
    data storage of sensitive data (TID, SS#, Credit Card Data, Passwords, etc...)
	 	 	 
	 	6.	HTTPS
    encrypted protocols implemented for all site access in addition to installation of GeoTrust SSL Certificate for authenticity.

 

    	 

    	 

    

 

	 	7.	Initial
    configuration of Linux server, services, utilities, LAMP and hosting environment to create a secure hosting environment.
	 	 	 
	 	8.	Initial
    configuration of Amazon Web Services to facilitate safe, efficient and effective deployment of BorrowMoney.com operations.

 

Site
Administration:

 

The
following are some features that have been created for administrative purposes. Note: To better understand functionality pertaining
to features we are about to discuss, it is important to note that most functionality pertinent to the site can be affiliated with
tracking and/or handling of any one of four action types (Form Submission; Submission Association; Ad Clicks; and Ad Impressions;).
These action types can be triggered by various members -or- member types via their use of BorrowMoney.com.

 

	 	1.	Member
    Types - Ability to configure member types including member registration fields; Configure member type access restrictions
    to subscriptions, member submitted data, submission forms and other site functionality;
	 	 	 
	 	2.	Service
    creation - Ability to create services, configure specific member type access and service costs in accordance with a core action
    completed upon using the service (i.e. click, impression, form submission, form association).
	 	 	 
	 	3.	Package
    creation - Ability to create subscription based packages for specific member types; Configure cost of package subscription,
    payment structure (auto replenish/ pay as you go) and services to be included and/or optional.
	 	 	 
	 	4.	Submission
    Form - Ability for administrator to create database tables (forms for submission by specific member types); Configure rule
    sets dictating whether a form submitted by a specific member type should be associated -or- viewable by another member type;
    Specify whether access to submit -or- view other member submissions should require a service based subscription.
	 	 	 
	 	5.	Form
    Builder - An advanced form builder provides a wide variety of form fields from a pre-canned list of over 70 field types (
    many of which are pre-loaded with a specific set of options tailored for client, others field types even smarter such that
    field options can be dynamically configured for a specific form). The administrator associates a field type from the pre-canned
    list for each field it adds while creating and configuring a submission form. In addition to configuring what fields will
    be present within a submission form, the administrator can separate fields into tabbed question groups in addition to setup
    advanced field restrictions. Advanced field restrictions allow the administrator to specify precisely how a specific value
    entered for a given field should dictate the availability or requirement of other fields throughout the current form -or-
    other submission forms entirely. Give the many pre-canned field types needed for form configurations, an extensive amount
    of coding was required for creating these field types in addition to field value validation rules. This coding necessary was
    two-fold as it required that validation rules be written in both PHP and jQuery to account for both post submission and real-time
    field value validation.
	 	 	 
	 	6.	Integrate
    billing mechanisms with USA-EPay to bill subscription based members credit cards as needed for services rendered.
	 	 	 
	 	7.	Complex
    Triggering Mechanisms - BorrowMoney.com administrators have the ability to configure complex triggering mechanisms for invoking
    a specific events in response to an action -or- action criteria. Examples: 1) An administrator can configure a specific email
    template to be delivered to an individual who enters a specific value within a field upon member registration or other form
    submission. Example 2: Administrator can create a trigger that associates loan requests from borrowers to a specific group
    of lenders based on lender matching criteria.
	 	 	 
	 	8.	Ability
    to clone submission forms for easy and fast creation of similar applications.
	 	 	 
	 	9.	Advanced
    Communications - automated communications with members via various forms (email, text to speech robot call and automated input
    response, fax transmission, tweets, SMS, MMS) whereby the details of communications can be configured via a token based template
    creation facility.
	 	 	 
	 	10.	Bulk
    email functionality for communicating with members and prospects including email receipt for performance tracking.
	 	 	 
	 	11.	Ability
    to create and manage page content - CMS like capability via WYSIWYG Editor
	 	 	 
	 	12.	Administrative
    settings page - Configurable site-wide settings to provide administrators to tweak core functionality.
	 	 	 
	 	13.	Ability
    for administrator to configure custom dashboard (home screen) for various member types.
	 	 	 
	 	14.	Site
    activity tracker will display activities or actions performed in regards to a specific submission form if table setting enabled.
	 	 	 
	 	15.	SEO
    Manager - Enables administrator to configure Page Title, Meta Description, Meta Keywords and Clean URL for specific website
    pages and submission forms.
	 	 	 
	 	16.	Staff
    activity monitor to track most recent access by administrative staff members.

 

Site
Configuration:

 

	 	1.	Configure
    all member types, account registration details, access restrictions, subscription packages & pricing, and services pertinent
    to borrowers, lenders, lender sub-accounts, advertisers, realtors, etc...
	 	 	 
	 	2.	Create
    19 loan request forms (table fields within each form, field order, field options pertinent to each field, field text &
    popup help messages). Note, some forms contain over a 100 fields (i.e. health insurance), and many forms fields allow for
    complex data selection (i.e. vehicle type and make). Some complex data fields such as location and/or vehicle type require
    manual import (huge quantities of data) simply to enhance user experience and ensure accuracy and consistency of data (i.e.
    50,000+ zip codes and states for the U.S. / All Car Make and Affiliated Models).

 

    	 

    	 

    

 

	 	3.	Configure
    all email templates including (forgot login, new registration, submission confirmation, submission association, loan assignment
    for lender sub-account, payment processed at the time of package signup, renewal or auto-replenishment and more.
	 	 	 
	 	4.	Configure
    all website content via administrative page manager - WYSIWYG (loan interim pages, advice pages, article pages and main site
    pages - about us, contact us, FAQs, careers, terms of use, etc..)
	 	 	 
	 	5.	Optimization
    of All Website Content, Page Titles & Meta Data. Create sitemap.xml and submit to major search engines.

 

Site
Features:

 

	 	1.	1.
    Member signup which can include payment processing for enrolled subscription (borrowers, lenders, advertisers, realtors)
	 	 	 
	 	2.	2.
    Loan request submission and account access for borrowers to monitor submission statuses.
	 	 	 
	 	3.	3.
    Advertiser account setup and campaign administration. Advertisers can upload various sized ads and create an unlimited number
    of advertising campaigns to includes campaign specific geo-targeting by City, State & Zip code.
	 	 	 
	 	4.	4.
    Lender account administration to: view associated leads; follow up with borrowers; create “sub accounts” - additional
    login credentials for sub-lenders to login, view and follow up on leads assigned by lender;
	 	 	 
	 	5.	5.
    Realtor account administration to create and manage real-estate for sale, rental listings and receive prospective communications.
	 	 	 
	 	6.	6.
    Search real estate for “for sale/rental” listings. Details include property pictures, features, school and neighborhood
    details, history, agent details and agent contact form.
	 	 	 
	 	7.	7.
    Verify a Broker / Lender - Import customer supplied data to allow broker / lender search along with detailed information.
	 	 	 
	 	8.	8.
    Create calculators for various loan types: mortgage, auto, personal & commercial.
	 	 	 
	 	9.	9.
    Integrate w/ 3rd-party mortgage feed provider to display recent and weekly national mortgage, house price index & prime
    rates.
	 	 	 
	 	10.	10.
    Create site wide search allowing website visitors to search all website content.
	 	 	 
	 	11.	11.
    Report an issue feature for enhanced user experience, issue tracking and escalation as necessary.
	 	 	 
	 	12.	12.
    Integrated live chat for enhanced user experience and support.
	 	 	 
	 	13.	13.
    Geo-targeted ad display and ad rotation targeting website visitors according to derived location, or location details specified
    during application processes. Develop click tracking mechanisms for billing advertisers.

 

Visual
Interface:

 

	 	1.	1.
    Design website shell / cosmetic structural aspects, front-end pages and back-end member access portals.
	 	 	 
	 	2.	2.
    Create jQuery slideshow and integrate with core form field restrictions for a more simplified form submission experience.
	 	 	 
	 	3.	3.
    Write CSS to enable responsiveness - proper rendering of front and back end on all devices (iPhone, Android, Tablet,
    & PCs/Mac).

 

Documentation:

 

	 	1.	Create
    detailed user manuals including text and visual depictions to assist Borrowers, Lenders, Lender Sub-Accounts, Advertisers
    and Site Administrators with back end account administration features and functionality.
	 	 	 
	 	2.	All
    development has been accompanied with limited inline coding documentation as is typical with professional development.

 

Quality
Assurance:

 

	 	1.	Test
    registration functionality for all members, registration follow-up email containing member login credentials, and verify login
    success via credentials provided.
	 	 	 
	 	2.	Test
    forgot login functionality and email to client with credentials upon client verification.
	 	 	 
	 	3.	Test
    loan form submissions to ensure proper association with lenders in accordance with matching lender prospect criteria. Verify
    lender account balance is updated to reflect cost of lead. Verify emails to sub-lenders upon lead assignment by lenders.
	 	 	 
	 	4.	Test
    payment processes to ensure proper billing and email of payment receipts to customers and copy to administrators upon initiation
    of billing processes pertinent to member activities.
	 	 	 
	 	5.	Evaluate
    all other site front and back end features & functionality, configurations, page conformity, links and content display.

 

    	 

    	 

    

 

Customer
Training:

 

	 	1.	In
    depth training session with website owner regarding all website features and functionality including administrative processes
    respect to all configurable, manageable and monitored aspects.
	 	 	 
	 	2.	Provided
    support as needed during the initial launch to assist with configuration questions and/or issues.

 

Beta
Support:

 

	 	1.	Issue
    core code modifications to address apparent bugs following initial launch as well as issue minor enhancements necessary to
    effectively facilitate proof of concept and smooth transition from beta phase to full production.

 

Appendix
A: The question we were faced with initially was whether to develop BorrowMoney.com via “Custom Design &
Development” -OR- “Commercially Available 3rd Party Product”. At the time of the initial development, unfortunately
there were no 3rd party application available for commercial use on the market that inherently possessed the type of unique functionality
required by the BorrowMoney.com concept. Even if such an application would have existed, the idea of deploying a widely utilized
commercially available application presented a significant security risk for us - as everyone knows that most vulnerabilities
pertinent to 3rd party applications (i.e. CMS Joomla/Wordpress/Drupal) are discovered as a result of a data breach in addition
to the fact that most vulnerabilities are widely publicized among hacker communities. Relying on a 3rd party product presented
an elevated level of vulnerability and risk that BorrowMoney.com could not afford to take, leaving custom design and development
as the most secure option for us.Exhibit 10.1

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), NOR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE SOLD,
PLEDGED, OFFERED FOR SALE, ASSIGNED OR TRANSFERRED UNLESS (a) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER
THE SECURITIES ACT, AND ANY APPLICABLE STATE SECURITIES LAW REQUIREMENTS HAVE BEEN MET OR (B) EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS UNDER THE SECURITIES ACT AND THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF APPLICABLE STATE SECURITIES LAWS ARE
AVAILABLE.

 

CONVERTIBLE PROMISSORY NOTE

 

	$20,000	April 6, 2017
	 	New York, New York

 

FOR VALUE RECEIVED, Truli
Media Group, Inc., a Delaware corporation (the “Company”), promises
to pay to the order of ___________ (“Holder”), at the offices of ___________________ the principal sum of Twenty
Thousand U.S. Dollars (U.S. $20,000) with interest thereon at the rate of ten percent (10%) per annum. Any amounts that remain
unpaid when due shall thereafter bear interest at the rate of twelve percent (12%) per annum. Interest as aforesaid shall be calculated
on the basis of actual number of days elapsed over a year of 360 days.

 

The principal amount
and all accrued interest of this Note are due on August 6, 2017 (the “Maturity Date”).

 

This Note is subject to the following
additional provisions:

 

Section 1.       Definitions.
For the purposes hereof the following terms shall have the following meanings:

 

“Business
Day” means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or
a day on which banking institutions in the State of New York are authorized or required by law or other government action to close.

 

“Common
Stock” means the common stock, par value $0.001 per share, of the Company and stock of any other class into which such
shares may hereafter have been reclassified or changed.

 

“Conversion Date”
shall have the meaning set forth in Section 5(a) hereof.

 

“Conversion Price”
shall have the meaning set forth in Section 5(b).

 

“Conversion
Shares” means the shares of Common Stock issuable upon conversion of this Note or as payment of interest, all in accordance
with the terms hereof.

 

“Event of Default”
shall have the meaning set forth in Section 7.

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended.

 

     

     

    

 

“Fundamental Transaction”
shall have the meaning set forth in Section 3.

 

“Original
Issue Date” means the date of the first issuance of this Note regardless of the number of transfers of any Note and regardless
of the number of instruments which may be issued to evidence such Note.

 

“Person”
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
means any Person in which the Company owns more than 50% of the outstanding equity.

 

“Transaction
Documents” means this Note and any related agreements executed contemporaneously herewith.

 

Section 2.        Registration
of Transfers and Exchanges.

 

a)       Different
Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations
as requested by the Holder surrendering the same, No service charge will be made for such registration of transfer or exchange.

 

b)       Investment
Representations. This Note has been issued subject to certain investment representations of the original Holder set forth herein
and may be transferred or exchanged only in compliance with applicable federal and state securities laws and regulations.

 

c)       Reliance
on Note Register. Prior to due presentment to the Company for transfer of this Note, the Company and any agent of the Company
may treat the Person in whose name this Note is duly registered on the Note Register as the owner hereof for the purpose of receiving
payment as herein provided and for all other purposes, whether or not this Note is overdue, and neither the Company nor any such
agent shall be affected by notice to the contrary.

 

Section 3.       Acceleration
of Maturity Date.

 

If, at any time while
this Note is outstanding the Company or any of its Subsidiaries, (A) effects any merger or consolidation of the Company with or
into another Person or (B) acquires assets of a business from any Person (in any such case, a “Fundamental Transaction”),
then, immediately prior to the occurrence of such Fundamental Transaction the principal and accrued but unpaid interest payable
hereunder shall automatically become, at the Holder’s election, immediately due and payable in cash.

 

Section 4.       Use of Proceeds.

 

The Company will use the proceeds of the
loan represented by this Note only for working capital and not for the payment of outstanding liabilities as of September 21, 2016
(excluding two convertible notes) nor for liabilities related to the Company’s legacy business (the “Assumed Liabilities”).

 

    	 	2	 

     

    

 

Section 5.       Conversion.

 

a)       Voluntary
Conversion. At all times after the Original Issue Date until this Note is no longer outstanding, the principal and accrued
interest due and payable under this Note shall be convertible into shares of Common Stock at the option of the Holder, in whole
or in part at any time and from time to time, so long and only to the extent that after taking into consideration all issued and
outstanding common stock shares and the maximum number of shares issuable under all issued and outstanding convertible securities
at the time of conversion, there remain enough authorized but unissued shares under the Company’s Certificate of Incorporation
that are not previously reserved for issuance under such convertible securities to effect conversion of this Note. The Holder shall
effect conversions by delivering to the Company the form of Notice of Conversion attached hereto as Annex A (a “Notice
of Conversion”), specifying therein the principal amount of Note to be converted and the date on which such conversion
is to be effected (a “Conversion Date”). If no Conversion Date is specified in a Notice of Conversion, the Conversion
Date shall be the date that such Notice of Conversion is provided hereunder. To effect conversions hereunder, the Holder shall
not be required to physically surrender the Note to the Company unless the entire principal amount of this Note plus all accrued
and unpaid interest thereon has been so converted. Conversions hereunder shall have the effect of lowering the outstanding principal
amount of this Note in an amount equal to the applicable conversion. The Holder and the Company shall maintain records showing
the principal amount converted and the date of such conversions. The Company shall deliver any objection to any Notice of Conversion
within 3 Business Days of receipt of such notice. In the event of any dispute or discrepancy, the records of the Holder shall be
controlling and determinative in the absence of manifest error. The Holder and any assignee, by acceptance of this Note, acknowledge
and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted
principal amount of this Note may be less than the amount stated on the face hereof. However, at the Company’s request, the
Holder shall surrender the Note to the Company within five (5) trading days following such request so that a new Note reflecting
the correct principal amount may be issued to Holder.

 

b)       Conversion
Price. The conversion price in effect on any Conversion Date (subject to adjustment herein) shall initially be equal to $0.02
per share.

 

c)       Mechanics
of Conversion

 

i.       Conversion
Shares Issuable Upon Conversion of Principal Amount. The number of shares of Common Stock issuable upon a conversion hereunder
shall be determined by the quotient obtained by dividing (x) the amount of this Note (whether principal or accrued but unpaid interest)
to be converted by (y) the Conversion Price.

 

ii.       Delivery
of Certificate Upon Conversion. Not later than five (5) trading days after any Conversion Date, the Company will deliver to
the Holder at an address in the United States (A) a certificate or certificates representing the Conversion Shares representing
the number of shares of Common Stock being acquired upon the conversion of Notes (including, if so timely elected by the Company,
shares of Common Stock representing the payment of accrued interest and (B) a bank check or wire transfer in the amount of accrued
and unpaid interest (if the Company is required to pay accrued interest in cash).

 

    	 	3	 

     

    

 

iii.       Reservation
of Shares Issuable Upon Conversion. The Company covenants that it will at all times reserve and keep available out of its authorized
and unissued shares of Common Stock solely for the purpose of issuance upon conversion of this Note (after taking into account
all existing issued and outstanding shares of Common Stock and all shares reserved for issuance under the Company’s issued
and outstanding convertible securities), free from preemptive rights or any other actual contingent purchase rights of persons
other than the Holder, not less than such number of shares of the Common Stock as shall be issuable (taking into account the adjustments
and restrictions of Section 6) upon the conversion of the outstanding principal amount and accrued interest under this Note. The
Company covenants that all shares of Common Stock that are issuable upon conversion of this Note shall, upon issuance, be duly
and validly authorized, issued and fully paid and non-assessable.

 

iv.       Fractional
Shares. Upon a conversion hereunder the Company shall not be required to issue stock certificates representing fractions of
shares of the Common Stock, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based
on the fair market value of a share at such time. If the Company elects not, or is unable, to make such a cash payment, the Holder
shall be entitled to receive, in lieu of the final fraction of a share, one whole share of Common Stock.

 

v.       Transfer
Taxes. The issuance of certificates for shares of the Common Stock on conversion of this Note shall be made without charge
to the Holder for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such certificate.

 

 d)        Holder’s Representations.

 

i.       Own
Account. Holder understands that the Conversion Shares are “restricted securities” and have not been registered
under the Securities Act or any applicable state securities law and upon Conversion will acquire the Conversion Shares as principal
for its own account and not with a view to or for distributing or reselling the Conversion Shares or any part thereof in violation
of the Securities Act or any applicable state securities law, has no present intention of distributing the Conversion Shares in
violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings
with any other persons to distribute or regarding the distribution of the Conversion Shares in violation of the Securities Act
or any applicable state securities law (this representation and warranty not limiting Holder’s right to sell the Conversion
Shares otherwise in compliance with applicable federal and state securities laws).

 

ii.       Holder
Status. On the date hereof and on each date on which Holder elects to convert all or a portion of this Note, it will be either:
(i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act
or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.

 

iii.       Experience
of Holder. Holder, either alone or together with its representatives, has such knowledge, sophistication and experience in
business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in this Note
and the Conversion Shares, and has so evaluated the merits and risks of such investment. Such Purchaser is able to bear the economic
risk of an investment in this Note and the Conversion Shares and, at the present time, is able to afford a complete loss of such
investment.

 

    	 	4	 

     

    

 

Section 6.       Certain Adjustments.

 

a)       Adjustment
Triggers.

 

i.       Stock
Dividends and Stock Splits. If the Company, at any time after the Original Issue Date while the Note is outstanding: (A) shall
pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock or any other equity or equity
equivalent securities payable in shares of Common Stock to all stockholders of the Company (which, for avoidance of doubt, shall
not include any shares of Common Stock issued by the Company pursuant to this Note, including as interest thereon), (B) subdivide
outstanding shares of Common Stock into a larger number of shares, or (C) combine (including by way of reverse stock split) outstanding
shares of Common Stock into a smaller number of shares, then the Conversion Price shall be multiplied by a fraction of which the
numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and of
which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant
to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive
such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination
or re-classification.

 

ii.       Voluntary
Adjustment By Company. The Company may at any time reduce the then current Conversion Price to any amount and for any period
of time deemed appropriate and approved by the Board in accordance with Nevada law, provided that the same voluntary adjustment
shall be made to the then current Conversion Price of all outstanding Notes having substantially the same form as this Note.

 

b)       Calculations.
All calculations under this Section 6 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
The number of shares of Common Stock outstanding at any given time shall not include shares of Common Stock owned or held by or
for the account of the Company, and the description of any such shares of Common Stock shall be considered an issue or sale of
Common Stock. For purposes of this Section 6, the number of shares of Common Stock deemed to be issued and outstanding as of a
given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

 c)       Notice to Holder.

 

i.       Adjustment
to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 6, the Company shall promptly
mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the
facts requiring such adjustment.

 

    	 	5	 

     

    

 

ii.       Notice
to Allow Conversion by Holder. If (A) the Company shall declare a dividend (or any other distribution) on the Common Stock;
(B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock; (C) the Company shall
authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares of capital
stock of any class or of any rights; (D) the approval of any stockholders of the Company shall be required in connection with any
reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all
or substantially all of the assets of the Company, of any compulsory share exchange whereby the Common Stock is converted into
other securities, cash or property; (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding
up of the affairs of the Company; then, in each case, the Company shall cause to mailed to the Holder at its last address as it
shall appear upon the stock books of the Company, at least 20 calendar days prior to the applicable record or effective date hereinafter
specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption,
rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled
to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification,
consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is
expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities,
cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided,
that the failure to mail such notice or any defect therein or in the mailing thereof shall not affect the validity of the corporate
action required to be specified in such notice. The Holder shall be entitled to convert this Note during the 20-day period commencing
the date of such notice to the effective date of the event triggering such notice.

 

 d)       Limitation on Beneficial Ownership.

 

i.       Except
as provided otherwise in this Section 6(d)(i), the number of Conversion Shares that may be acquired by the Holder shall be limited
to the extent necessary to insure that, after giving effect to such conversion (or deemed conversion for voting purposes), the
number of shares of Common Stock then beneficially owned by the Holder and its affiliates and any other persons or entities whose
beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange
Act (including shares held by any “group” of which the Holder is a member, but, for avoidance of doubt, excluding shares
of Common Stock issuable upon conversion or exercise of securities or rights to acquire securities that have limitations on the
right to convert, exercise or purchase similar to the limitation set forth herein) does not exceed 4.99% (the “Maximum
Percentage”) of the total number of shares of Common Stock of the Company issued and outstanding immediately after giving
effect to such conversion (or deemed conversion for voting purposes) (the “Beneficial Ownership Cap”). Upon
delivery of a written notice to the Company, the Holder may from time to time increase or decrease the Maximum Percentage to any
other percentage not in excess of 9.99% as specified in such notice; provided that (i) any such increase in the Maximum Percentage
will not be effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such increase
or decrease will apply only to the Holder and its Affiliates and not to any other holder of contemporaneously issued Notes that
is not an Affiliate. For purposes hereof, “group” has the meaning set forth in Section 13(d) of the Exchange Act and
applicable regulations of the Securities and Exchange Commission, and the percentage held by the Holder shall be determined in
a manner consistent with the provisions of Section 13(d) of the Exchange Act. As used herein, the term “Affiliate”
means any person or entity that, directly or indirectly through one or more intermediaries, controls or is controlled by or is
under common control with a person or entity, as such terms are used in and construed under Rule 144 under the Securities Act.
With respect to the Holder, any investment fund or managed account that is managed on a discretionary basis by the same investment
manager as the Holder will be deemed to be an affiliate of the Holder. In the event the Company is prohibited from issuing shares
of Common Stock as a result of any restrictions or prohibitions under applicable law or the rules or regulations of any stock exchange,
interdealer quotation system or other self-regulatory organization, the Company shall as soon as possible seek the approval of
its stockholders and take such other action to authorize the issuance of the full number of shares of Common Stock issuable upon
the full conversion of this Note.

 

    	 	6	 

     

    

 

ii.       For
purposes of the foregoing, the number of shares of Common Stock beneficially owned by the Holder and its affiliates shall include
the number of shares of Common Stock issuable upon conversion of this Note with respect to which the determination is being made,
but shall exclude the number of shares of Common Stock which would be issuable upon (A) conversion of the remaining, non-converted
shares under this Note beneficially owned by such Person or any of its affiliates and (B) exercise or conversion of the unexercised
or unconverted portion of any other securities of the Company (including, without limitation, any other notes or warrants) subject
to a limitation on conversion or exercise analogous to the limitation contained in this Section beneficially owned by Holder or
any of its affiliates. Except as set forth in the preceding sentence, for purposes of this Section 6(d), beneficial ownership shall
be calculated in accordance with Section 13(d) of the Securities Exchange Act. For purposes of this Section 6(d), in determining
the number of outstanding shares of Common Stock, Holder may rely on the number of outstanding shares of Common Stock as reflected
in (1) the Company’s most recent Form 10-K, Form 10-Q, or Form 8-K, as the case may be, (2) a more recent public announcement
by the Company, or (3) any other notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock
outstanding. For any reason at any time, upon the written request of Holder, the Company shall within one (1) Business Day following
the receipt of such notice, confirm orally and in writing to any such Holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise
of securities of the Company, including conversions under this Note (or deemed conversion, as applicable), by Holder and its affiliates
since the date as of which such number of outstanding shares of Common Stock was reported. In the event that the Company cannot
issue any shares of Common Stock to a Holder solely by reason of this Section 6(d) (such shares, the “Limited Shares”),
notwithstanding anything to the contrary contained herein, the Company shall hold any such Limited Shares in abeyance for such
Holder until such time, if ever, that the delivery of such Limited Shares shall not cause the Holder to exceed the Beneficial Ownership
Cap, at which time such Holder shall be delivered such Limited Shares to the extent as if there had been no such limitation. The
provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms
of this Section 6(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect
to such limitation.

 

    	 	7	 

     

    

 

Section 7.       Events of Default.

 

a)       Event
of Default. Wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary
or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or
regulation of any administrative or governmental body):

 

i.       any
default in the payment of (A) the principal, or (B) interest on this Note or any other note of the Company held by the Holder when
the same shall become due and payable (whether on the Maturity Date or by acceleration or otherwise) which default is not cured
within ten (10) Business Days after written notice from the Holder;

 

ii.       a
breach of any of the covenants or agreements made by the Company herein;

 

iii.       (A)
there is commenced against the Company or any Subsidiary thereof a case under any applicable bankruptcy or insolvency laws as now
or hereafter in effect or any successor thereto, or any other proceeding under any reorganization, arrangement, adjustment of debt,
relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect
relating to the Company or any Subsidiary thereof which remains undismissed for a period of 60 days; or (B) the Company or any
Subsidiary thereof is adjudicated by a court of competent jurisdiction insolvent or bankrupt; or any order of relief or other order
approving any such case or proceeding is entered; or (C) the Company or any Subsidiary thereof suffers any appointment of any custodian
or the like for it or any substantial part of its property which continues undischarged or unstayed for a period of 60 days; or

 

iv.       Assumed
liabilities as they come due.

 

b)       Remedies
Upon Event of Default. If any Event of Default occurs, the full principal amount of this Note, together with interest and any
other amounts owing in respect hereof, to the date of acceleration shall become, at the Holder’s election, immediately due
and payable in cash. The Holder need not provide and the Company hereby waives any presentment, demand, protest or other notice
of any kind, and the Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies
hereunder and all other remedies available to it under applicable law. Such declaration may be rescinded and annulled by Holder
at any time prior to payment hereunder and the Holder shall have all rights as a Note holder until such time, if any, as the full
payment under this Section shall have been received by it. No such rescission or annulment shall affect any subsequent Event of
Default or impair any right consequent thereon.

 

 c)       Alternate Conversion Price.

 

i.       General.
Subject to Section 6(d), at any time at any time after the occurrence of an Event of Default (regardless of whether such Event
of Default has been cured), the Holder may, at the Holder’s option, convert (each, an “Alternate Conversion”,
and the date of such Alternate Conversion, each, an “Alternate Conversion Date”) all, or any part of, the amounts
then outstanding under this Note (such portion of this Note subject to such Alternate Conversion, the “Alternate Conversion
Amount”) into shares of Common Stock at the Alternate Conversion Price.

 

ii.       Mechanics
of Alternate Conversion. Subject to Section 6(d), on any Alternate Conversion Date, the Holder may voluntarily convert any
Alternate Conversion Amount pursuant to Section 7(c) (with “Alternate Conversion Price” replacing “Conversion
Price” for all purposes hereunder with respect to such Alternate Conversion by designating in the Conversion Notice delivered
pursuant to this Section 5 of this Note that the Holder is electing to use the Alternate Conversion Price for such conversion.
Notwithstanding anything to the contrary in this Section 7(c), but subject to Section 6(d), until the Company delivers shares of
Common Stock representing the applicable Alternate Conversion Amount to the Holder, such Alternate Conversion Amount may be converted
by the Holder into shares of Common Stock pursuant to Section 5 without regard to this Section 7(c).

 

    	 	8	 

     

    

 

iii.       Definitions.
For the purpose of this Section 7(c), (A) “Alternate Conversion Price” means, with respect to any Alternate
Conversion that price which shall be the lowest of (x) the applicable Conversion Price as in effect on the applicable Conversion
Date of the applicable Alternate Conversion, and (y) 80% of the price computed as the quotient of (I) the sum of the VWAP of the
Common Stock for each of the three (3) Business Days with the lowest VWAP of the Common Stock during the twenty (20) consecutive
Business Day period ending and including the Business Day immediately preceding the delivery or deemed delivery of the applicable
Conversion Notice, divided by (II) three (3) (such period, the “Alternate Conversion Measuring Period”). All such determinations
to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that
proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period and (B) “VWAP”
means, for any security as of any date, the dollar volume-weighted average price for such security on the principal securities
exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time,
and ending at 4:00:00 p.m., New York time, as reported by Bloomberg, LP through its “HP” function (set to weighted
average) or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter
market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending
at 4:00:00 p.m., New York time, as reported by Bloomberg, LP, or, if no dollar volume-weighted average price is reported for such
security by Bloomberg. LP for such hours, the average of the highest closing bid price and the lowest closing ask price of any
of the market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets
LLC). If the VWAP cannot be calculated for such security on such date on any of the foregoing bases, the VWAP of such security
on such date shall be the fair market value as mutually determined by the Company and the Holder. All such determinations shall
be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction
during such period.

 

Section 8.       Miscellaneous.

 

a)       Notices.
Any and all notices or other communications or deliveries to be provided by the Holder hereunder shall be in writing and delivered
personally or sent by a nationally recognized overnight courier service, addressed to the Company at 201 South Laurel, Luling,
TX 78648, attention: Chief Executive Officer, or such other address or facsimile number as the Company may specify for such purposes
by notice to the Holder delivered in accordance with this Section. Any and all notices or other communications or deliveries to
be provided by the Company hereunder shall be in writing and delivered personally, by facsimile, sent by a nationally recognized
overnight courier service addressed to the Holder at the facsimile, telephone number or address of such Holder appearing on the
books of the Company, or if no such facsimile telephone number or address appears, at the principal place of business of the Holder.
Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of
transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section
prior to 5:30 p.m. (New York City time), (ii) the date after the date of transmission, if such notice or communication is delivered
via facsimile at the facsimile telephone number specified in this Section later than 5:30 p.m. (New York City time) on any date
and earlier than 11:59 p.m. (New York City time) on such date, (iii) the second Business Day following the date of mailing, if
sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required
to be given.

 

    	 	9	 

     

    

 

b)       Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of, interest and other amounts provided for herein (if any) on, this
Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the
Company.

 

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

 

d)       Additional
Issuances of Securities.

 

i.       For
purposes of this Section 8(d), the following definitions shall apply.

 

		(1)	"Convertible Securities" means any stock or securities (other
than Options) convertible into or exercisable or exchangeable for shares of Common Stock.

 

		(2)	"Options" means any rights, warrants or options to subscribe
for or purchase Common Stock or Convertible Securities.

 

		(3)	"Common Stock Equivalents" means, collectively, Options
and Convertible Securities.

 

ii.       From
the date hereof until the earlier of (x) the time that this Note is no longer outstanding or (y) such time as all of the shares
underlying this Note may be sold without restriction or limitation pursuant to Rule 144 and without the requirement to be in compliance
with Rule 144(c)(1), the Company shall not, directly or indirectly, file any registration statement with the SEC, or file any amendment
or supplement thereto, or grant any registration rights to any person that can be exercised prior to the earlier of such time as
set forth above, other than any registration statement for the issuance of securities pursuant to an employee benefit plan or securities
award, as registered on Form S-8.

 

iii.       From
the date hereof until the two (2) year anniversary of the issuance of this Note, the Company shall not, (i) directly or indirectly,
offer, sell, grant any option to purchase, or otherwise dispose of (or announce any offer, sale, grant or any option to purchase
or other disposition of) any of its or its Subsidiaries' equity or equity equivalent securities, including without limitation any
debt, preferred stock or other instrument or security that is, at any time during its life and under any circumstances, convertible
into or exchangeable or exercisable for Common Stock or Common Stock Equivalents (any such offer, sale, grant, disposition or announcement
being referred to as a "Subsequent Placement") unless the Company shall have first complied with this Section
4(n)(iv).d

 

    	 	10	 

     

    

 

		(1)	The Company shall deliver to the holder of this Note an irrevocable written
notice (the "Offer Notice") of any proposed or intended issuance or sale or exchange (the "Offer") of the securities
being offered (the "Offered Securities") in a Subsequent Placement, which Offer Notice shall (w) identify and describe
the Offered Securities, (x) describe the price and other terms upon which they are to be issued, sold or exchanged, and the number
or amount of the Offered Securities to be issued, sold or exchanged, (y) identify the persons or entities (if known) to which or
with which the Offered Securities are to be offered, issued, sold or exchanged and (z) offer to issue and sell to or exchange with
such holder fifty percent (50%) of the Offered Securities.

 

		(2)	To accept an Offer, in whole or in part, such holder must deliver a written
notice to the Company prior to the end of the tenth (10th) Business Day after such holder's receipt of the Offer Notice
(the "Offer Period"), setting forth the amount that such holder elects to purchase (the "Notice of Acceptance").
Notwithstanding anything to the contrary contained herein, if the Company desires to modify or amend the terms and conditions of
the Offer prior to the expiration of the Offer Period, the Company may deliver to the holder a new Offer Notice and the Offer Period
shall expire on the tenth (10th) Business Day after the holder's receipt of such new Offer Notice.

 

		(3)	If any holders of other notes similar to this Note and issued on the same
date as this Note have similar rights as those set forth in this Section 8(d) but choose not to exercise such rights in full, then
the holder of this Note shall be given an option to exercise such rights to purchase any remaining Offered Securities based on
an offer period including deadlines at least as long as those contained in this Section 8(d).

 

		(4)	The Company shall have five (5) Business Days from the expiration of the
Offer Period above to offer, issue, sell or exchange all or any part of such Offered Securities as to which a Notice of Acceptance
has not been given by the holder (the "Refused Securities") pursuant to a definitive agreement (the "Subsequent
Placement Agreement") but only to the offerees described in the Offer Notice (if so described therein) and only upon terms
and conditions (including, without limitation, unit prices and interest rates) that are not more favorable to the acquiring person
or persons or less favorable to the Company than those set forth in the Offer Notice and (ii) to publicly announce (a) the execution
of such Subsequent Placement Agreement, and (b) either (x) the consummation of the transactions contemplated by such Subsequent
Placement Agreement or (y) the termination of such Subsequent Placement Agreement, which shall be filed with the SEC on a Current
Report on Form 8-K with such Subsequent Placement Agreement and any documents contemplated therein filed as exhibits thereto.

 

    	 	11	 

     

    

 

		(5)	In the event the Company shall propose to sell less than all the Refused
Securities (any such sale to be in the manner and on the terms specified in Section 8(d)(iii)(3) above), then the holder of this
Note may, at its sole option and in its sole discretion, reduce the number or amount of the Offered Securities specified in its
Notice of Acceptance to an amount that shall be not less than the number or amount of the Offered Securities that such Holder elected
to purchase pursuant to Section 8(d)(iii)(2) above multiplied by a fraction, (i) the numerator of which shall be the number or
amount of Offered Securities the Company actually proposes to issue, sell or exchange (including Offered Securities to be issued
or sold to holders of other notes pursuant to Section 8(d)(iii)(3) above prior to such reduction) and (ii) the denominator of which
shall be the original amount of the Offered Securities. In the event that the holder of this Note so elects to reduce the number
or amount of Offered Securities specified in its Notice of Acceptance, the Company may not issue, sell or exchange more than the
reduced number or amount of the Offered Securities unless and until such securities have again been offered to the holder in accordance
with Section 8(d)(iii)(1) above.

 

		(6)	Upon the closing of the issuance, sale or exchange of all or less than all
of the Refused Securities, the holder of this Note shall acquire from the Company, and the Company shall issue to the holder, the
number or amount of Offered Securities specified in the Notices of Acceptance, as reduced pursuant to Section 8(d)(iii)(5) above
if the holder has so elected, upon the terms and conditions specified in the Offer. The purchase by the holder of this Note of
any Offered Securities is subject in all cases to the preparation, execution and delivery by the Company and the holder of a purchase
agreement relating to such Offered Securities reasonably satisfactory in form and substance to the holder and its counsel.

 

		(7)	Any Offered Securities not acquired by the holder of this Note or other persons
in accordance with Section 8(d)(iii)(3) above may not be issued, sold or exchanged until they are again offered to the holder under
the procedures specified in this Note.

 

		(8)	The Company and the holder of this Note agree that if the holder elects to
participate in the Offer, (x) neither the Subsequent Placement Agreement with respect to such Offer nor any other transaction documents
related thereto (collectively, the "Subsequent Placement Documents") shall include any term or provisions whereby the
holder shall be required to agree to any restrictions in trading as to any securities of the Company owned by such holder prior
to such Subsequent Placement, and (y) any registration rights set forth in such Subsequent Placement Documents shall be similar
in all material respects to the registration rights contained in the Registration Rights Agreement.

 

    	 	12	 

     

    

 

		(9)	Notwithstanding anything to the contrary in this Section 8(d) and unless
otherwise agreed to by the holder of this Note, the Company shall either confirm in writing to the holder that the transaction
with respect to the Subsequent Placement has been abandoned or shall publicly disclose its intention to issue the Offered Securities,
in either case in such a manner such that the holder will not be in possession of material non-public information, by the fifteenth
(15th) Business Day following delivery of the Offer Notice. If by the fifteenth (15th) Business Day following delivery of the Offer
Notice no public disclosure regarding a transaction with respect to the Offered Securities has been made, and no notice regarding
the abandonment of such transaction has been received by the holder, such transaction shall be deemed to have been abandoned and
the holder shall not be deemed to be in possession of any material, non-public information with respect to the Company. Should
the Company decide to pursue such transaction with respect to the Offered Securities, the Company shall provide each holder with
another Offer Notice and each holder will again have the right of participation set forth in this Section 8(d)(iii). The Company
shall not be permitted to deliver more than one such Offer Notice to the holder of this Note in any 60 day period.

 

e)       Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Note, and any claim, controversy
or dispute arising under or related to this Note, the relationship of the parties, and/or the interpretation and enforcement of
the rights and duties of the parties hereunder shall be governed by and construed and enforced in accordance with the internal
laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings
concerning the interpretations, enforcement and defense of the transactions contemplated by any of the Transaction Documents (whether
brought against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced
in the state or federal courts sitting in the City of New York, Borough of Manhattan (the “New York Courts”).

 

Each party hereto hereby irrevocably submits
to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or
with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction
Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, or such New York Courts are improper or inconvenient venue for such proceeding.
Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such
party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient
service of process and notice thereof Nothing contained herein shall be deemed to limit in any way any right to serve process in
any manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any
and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated
hereby. If either party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party
in such action or proceeding shall be reimbursed by the other party for its attorney’s fees and other costs and expenses
incurred with the investigation, preparation and prosecution of such action or proceeding.

 

f)       Waiver.
Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed to be a
waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Company or
the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or
deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Note. Any waiver
must be in writing.

 

    	 	13	 

     

    

 

g)       Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any
provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.
If it shall be found that any interest or other amount deemed interest due hereunder violates applicable laws governing usury,
the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum permitted rate of interest. The
Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive
the Company from paying all or any portion of the principal of or interest on this Note as contemplated herein, wherever enacted,
now or at any time hereafter in force, or which may affect the covenants or the performance of this indenture, and due Company
(to the extent it may lawfully do so) hereby expressly waives all benefits or advantage of any such law, and covenants that it
will not, by resort to any such law, binder, delay or impeded the execution of any power herein granted to the Holder, but will
suffer and permit the execution of every such as though no such law has been enacted.

 

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

 

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

 

[SIGNATURE PAGE TO CONVERTIBLE
NOTE FOLLOWS]

 

    	 	14	 

     

    

 

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

 

	 	TRULI MEDIA GROUP, INC.
	 	 	 
	 	By:	
	 	 	Elliot Maza, CEO

  

    	 	15	 

     

    

 

ANNEX A 

NOTICE OF CONVERSION

 

The undersigned
hereby elects to convert principal under the Convertible Note of Truli Media Group, Inc., a Delaware corporation (the “Company”),
due on April 8, 2017, into shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company
according to the conditions hereof, as of the date written below. If shares are to be issued in the name of a person other than
the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates
and opinions as reasonably requested by due Company in accordance therewith. No fee will be charged to the Holder for any conversion,
except for such transfer taxes, if any.

 

The undersigned
agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with any transfer
of the aforesaid shares of Common Stock.

 

Conversion calculations:

 

	 	Date
    to Effect Conversion:
	 	 
	 	Principal
    Amount of Note to be Converted:
	 	 
	 	Payment
    of Interest in Common Stock_ yes _ no

    If yes, $______ of Interest Accrued on Account of Conversion at Issue.
	 	 
	 	Number
    of shares of Common Stock to be issued:
	 	 
	 	Signature:
    
	 	 
	 	Name:
	 	 
	 	Address:

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