Document:

EMPLOYMENT AGREEMENT

 

This Employment
Agreement (this “Agreement”) is made and entered into on December 18, 2017 (the “Effective Date”)
by and between John Blackington (“Executive”) and Rocky Mountain High Brands, Inc., a Nevada corporation (the
“Company”). Certain capitalized terms used but not defined elsewhere in this Agreement have the meanings ascribed
to them in Section 24.

 

WHEREAS, the Company
desires to employ Executive on the terms and conditions set forth herein; and

 

WHEREAS, Executive
desires to be employed by the Company on such terms and conditions;

 

NOW, THEREFORE,
in consideration of the foregoing recitals and the mutual covenants and agreements contained in this Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to the foregoing
recitals and as follows:

 

1.                 
Term. Executive’s employment hereunder will be effective as of the Effective Date and will continue
until the fifth anniversary thereof, unless terminated earlier pursuant to Section 5 below; provided that, on such fifth
anniversary of the Effective Date and each annual anniversary thereafter (such date and each annual anniversary thereof, a “Renewal
Date”), this Agreement will be deemed to be automatically extended, upon the same terms and conditions, for successive
periods of one year, unless either party provides written notice of its intention not to extend the term of this Agreement at least
30 days prior to the applicable Renewal Date. The period during which Executive is employed by the Company hereunder is hereinafter
referred to as the “Employment Term.”

 

2.                 
Position and Duties.

 

2.1      
Position. During the Employment Term, Executive will serve as the Chief Commercialization Officer of the Company, reporting
to the Company’s Chief Executive Officer. In such position, Executive will direct the Company’s product development,
copacking, logistics, marketing, sales and customer service.  

 

2.2      
Duties. During the Employment Term, Executive will devote substantially all of Executive’s business time and attention
to the performance of Executive’s duties hereunder and will not, without the prior written consent of the Board of Directors
of the Company (the “Board”), engage in any other business activities that materially conflict or interfere
with the performance of such services or which engage in competition with the Company during the term of this Agreement. The Company
acknowledges that upon joining the Company, Mr. Blackington is winding down his involvement in another business and
will work as a Contractor on a part-time basis through January 31, 2018.

 

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3.                 
Place of Performance. The principal place of Executive’s employment will be the Company's principal
executive office currently located at 9101 LBJ Freeway, Suite 200, Dallas, Texas 75243.

 

4.                 
Compensation.

 

4.1      
Base Salary.

 

(a)              
Subject to Section 4.1(b), the Company will pay Executive an initial annual rate of base salary of $140,000
through the Company’s payroll system for a commitment of 40 hours per week in periodic installments in accordance with the
Company’s customary payroll practices, (the “Base Salary”). Executive will be eligible for annual salary
increases as approved by the Company’s Board of Directors.

 

(b)              
Between November 1, 2017 and January 31, 2018, the Company will pay Mr. Blackington as an Independent Contractor while
he winds down his other business activities at a rate of $6,000 per month.

 

4.2      
Annual Bonus. Executive will receive an annual bonuses of up to 30% of base salary based on Management by Objectives
that the Executive will establish in conjunction with the Chief Executive Officer upon executing this agreement, or as awarded
by the Board of Directors.

 

4.3      
Equity Awards. Executive will be entitled to participate in any equity incentive compensation plan adopted by the Company,
for the benefit of its executive level officers, during the Employment Term. A total of 7,000,000 (seven million) stock options
will be granted to the Executive upon executing this agreement. The options will vest immediately. The strike price of the options
will be $.003 (50% of the average price of the stock on December 18, 2018.)

 

4.4      
Employee Benefits. During the Employment Term, Executive will be entitled to participate in all employee benefit plans,
practices and programs maintained by the Company, as in effect from time to time (collectively, “Employee Benefit Plans”),
on a basis which is no less favorable than is provided to other similarly situated executives.

 

4.5      
Vacation; Paid Time-off. During the Employment Term, Executive will be entitled to 4 weeks paid vacation days, and 2
weeks paid sick days, per calendar year (prorated for partial years) in accordance with the Company’s vacation and sick day
policies in effect from time to time. The foregoing paid vacation and sick days will be in addition to any other paid holidays
declared by the Company in accordance with the Company’s paid holiday vacation policies in effect from time to time. Employee
may carry up to unused 2 weeks of vacation
time over each year. Sick time does not carry over from year to year.

 

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4.6      
Business Expenses. Executive will be entitled to reimbursement for all reasonable and necessary out-of-pocket business
expenses incurred by Executive in connection with the performance of Executive's duties hereunder in accordance with the Company's
expense reimbursement policies and procedures.

 

4.7      
Indemnification.

 

(a)              
If Executive is made a party or threatened to be made a party to any action, suit, or proceeding, whether civil, criminal,
administrative or investigative (a “Proceeding”), other than any Proceeding initiated by Executive or the Company
related to any contest or dispute between Executive and the Company or any of its affiliates with respect to this Agreement or
Executive’s employment hereunder, by reason of the fact that Executive is or was a director or officer of the Company, or
any affiliate of the Company, or is or was serving at the request of the Company as a director, officer, member, employee or agent
of another limited liability company, corporation or a partnership, joint venture, trust or other enterprise, Executive will be
indemnified and held harmless by the Company to the maximum extent permissible under applicable law from and against any liabilities,
costs, claims and expenses, including all costs and expenses incurred in defense of any Proceeding (including attorneys' fees).
Costs and expenses incurred by Executive in defense of such Proceeding (including attorneys' fees) will be paid by the Company
in advance of the final disposition of such litigation upon receipt by the Company of: (i) a written request for payment; (ii)
appropriate documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought;
and (iii) an undertaking adequate under applicable law made by or on behalf of Executive to repay the amounts so paid if it will
ultimately be determined that Executive is not entitled to be indemnified by the Company under this Agreement.

 

(b)              
During the Employment Term and for a period of six (6) years thereafter, the Company or any successor to the Company
will purchase and maintain, at its own expense, directors’ and officers’ liability insurance providing coverage to
Executive on terms that are no less favorable than the coverage provided to other directors and similarly situated executives of
the Company.

5.  
Termination. This Agreement may be terminated as follows:

5.1       Death.
This Agreement shall terminate immediately in the event of the Employee's death, provided, however, that the Employee's estate
shall be paid the Base Salary that the Employee earned through the date of his/her death, in the time and manner in which the Employee
would have been paid such compensation.

5.2       Disability.
This Agreement shall terminate immediately in the event that the Employee becomes "disabled," as that term is defined
in 29 C.F.R. §1630.2(g)(1), and is unable to perform the essential functions of his/her position, with reasonable accommodation
for a period of 180 consecutive days.

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5.3
       Good Cause. The Company shall be entitled to terminate this Agreement immediately,
without any further liability to the Employee, for any "Good Cause," as defined in Section 24, Definitions.
In the event the Company believes "Good Cause" exists for terminating this Agreement pursuant to this section, the Company
shall give the Employee written Notice of the acts or omissions constituting "Good Cause" ("Cause Notice"),
and no termination of this Agreement shall be effective unless and until the Employee fails to cure such acts or omissions within
ten (10) days after receipt of the Cause Notice. Termination must be approved by the Company’s Board of Directors.

5.4       Without
Good Cause. The Company shall be entitled to terminate this Agreement for any reason other than death, disability, or "Good
Cause," at any time during the Employee’s employment, by providing thirty (30) days written notice to the Employee that
the Company is terminating the Agreement without "Good Cause," as defined herein ("Notice of Termination Without
Good Cause"), provided, however, that the Company shall be required to pay Severance Pay in accordance with the Severance
provisions described below. Termination must be approved by the Company’s Board of Directors.

5.5 
       Resignation. The Employee shall have the right to terminate this Agreement at
any time, for any reason, by providing the Company with thirty (30) days written notice ("Notice of Resignation"), provided,
however, that subsequent to his/her resignation, the Employee shall be required to comply with the Non-Disclosure and/or
Non Interference provisions set forth in this Agreement and shall not be entitled to any Severance Pay. 

5.6         Change
of Control. The parties acknowledge that the Employee has entered into this Agreement based upon his/her confidence in the
current shareholders of the Company and the support of the Board of Directors. Accordingly, if the Company should undergo a "Change
of Control," as defined in this section, the parties agree as follows:

 

(a)Compensation.
In the event of a Change of Control, as defined in this Section 24, the Company agrees as follows:

 

		(1)	In the event the employment of the Employee is terminated, for any reason other than Good Cause
as determined by the Company’s Chief Executive Officer prior to the Change of Control, within 180 days of a "Change
of Control," as defined below, the Company agrees to pay the Employee compensation equal to one year’s base pay.

 

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		(2)	Any compensation required under this section shall be payable in a lump sum within thirty (30)
days after such termination becomes effective.

5.7         Severance.
 In the event that the Company terminates this Agreement without "Good Cause," as defined above, the Company agrees
to pay the Employee the following compensation (the "Severance Pay"):

 

(a)Amount
and Terms of Payment. In the event that the Company terminates this Agreement without "Good Cause," as defined
in Section 5.1 or 5.2, the Company agrees to pay the Employee Severance Pay in an amount equal to one year’s
base pay. Such Severance Pay shall be provided in a lump sum within thirty (30) days after such termination becomes effective.

 

(b)Exceptions.
Severance Pay shall not be payable under this section in any of the following circumstances:

 

		(1)	In the event that this Agreement is terminated as a result of the death or disability of
the Employee, as provided in Sections 5.1 or 5.2 ; or

 

		(2)	In the event that this Agreement is terminated for "Good Cause," as defined in Section
24

 

		(3)	In the event of the Employee's resignation, as provided in Section 5.5

 

5.8       Stock
Options and Rule 144 Stock. In the event that the Company terminates this Agreement with “Good Cause," as defined
above, any unvested stock options will be canceled and forfeited by the Employee. In the event that the Company terminates this
Agreement without "Good Cause," as defined above, the Company agrees to allow all unvested options to immediately vest.
The Company agrees that it will not place a stop with its Stock Transfer Agent on any of Company stock or otherwise interfere with
the clearing of any Company stock in the Employee’s name in paper certificate form. Alternatively, the Company agrees to
assist the Employee in clearing any and all of the Company’s Rule 144 stock in Employee’s name in paper certificate
form at the time of termination, regardless of whether or not the termination was made with or without “Good Cause”.

 

5.9       Mitigation.
In no event will Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts
payable to Executive under any of the provisions of this Agreement and any amounts payable pursuant to this Section 5 will not
be reduced by compensation Executive earns on account of employment with another employer.

 

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5.10      Resignation
of All Other Positions. Upon termination of Executive’s employment hereunder for any reason, Executive will automatically
and without the necessity of further action be deemed to have resigned from all positions that Executive holds as an officer or
member of the board of directors (or substantially similar governing body) of the Company or any of its affiliates.

 

5.11      Release Agreement.
Notwithstanding the foregoing, as a condition of receiving any Severance Amount, Executive must (a) timely sign, date and return
to the Company (or its successor), and not subsequently revoke, a general release of all known and unknown claims in the form attached
as Exhibit A hereto so that such release becomes effective in accordance with its terms, which shall be no later than 60
days following Executive’s termination (the “Release”) (such latest permitted date on which the Release may become
effective, the “Release Deadline”), and (b) continue to comply with Executive’s obligations under this Agreement.
No Severance Amount will be made prior to the date on which Executive returns the Release and such Release becomes effective and
irrevocable in accordance with its terms (such date, the “Release Effective Date”). On the Release Effective Date,
the Company will pay in a lump sum the Severance Amount that would have been paid on or prior to such date under the original schedule
but for the delay while waiting for the effectiveness of the Release.

 

6.                 
Confidential Information. Executive understands and acknowledges that during the Employment Term Executive
will have access to and learn about Confidential Information.

 

6.1      
Company Creation and Use of Confidential Information. Executive understands and acknowledges that the Company has invested,
and continues to invest, substantial time, money and specialized knowledge into developing its resources, creating a customer base,
generating customer and potential customer lists, training its employees, and improving its beverage offerings. Executive understands
and acknowledges that as a result of these efforts, the Company has created, and continues to use and create valuable Confidential
Information which provides the Company with a competitive advantage over others in the marketplace.

 

6.2      
Disclosure and Use Restrictions. Executive agrees and covenants: (a) to treat all Confidential Information as strictly
confidential; (b) not to directly or indirectly disclose, publish, communicate or make available Confidential Information, or allow
it to be disclosed, published, communicated or made available, in whole or part, to any entity or person whatsoever (including
other employees of the Company) not having a need to know and authority to know and use the Confidential Information in connection
with the business of the Company and, in any event, not to anyone outside of the direct employ of the Company except as required
in the performance of Executive’s authorized employment duties to the Company or with the prior written consent of the Chief
Executive Officer (and then, such disclosure will be made only within the limits and to the extent of such duties or consent);
and (c) not to access or use any Confidential Information, and not to copy any documents, records, files, media or other resources

 

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containing any Confidential Information,
or remove any such documents, records, files, media or other resources from the premises or control of the Company, except as required
in the performance of Executive’s authorized employment duties to the Company or with the prior written consent of Chief
Executive Officer (and then, such disclosure will be made only within the limits and to the extent of such duties or consent).
Nothing herein will be construed to prevent disclosure of Confidential Information as may be required by applicable law or regulation,
or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure
does not exceed the extent of disclosure required by such law, regulation or order. Executive will promptly provide written notice
of any such order to the Chief Executive Officer. Executive understands and acknowledges that Executive’s obligations under
this Agreement with regard to any particular Confidential Information will commence immediately upon Executive first having access
to such Confidential Information (whether before or after Executive begins employment with the Company) and will continue during
and after Executive’s employment with the Company until such time as such Confidential Information has become public knowledge
other than as a result of Executive’s breach of this Agreement or breach by those acting in concert with Executive or on
Executive’s behalf.

 

7.                 
Restrictive Covenants.

 

7.1      
Acknowledgment. Executive understands that the nature of Executive’s position gives Executive access to and knowledge
of Confidential Information and places Executive in a position of trust and confidence with the Company. Executive further understands
and acknowledges that the Company’s ability to preserve these for the exclusive knowledge and use of the Company is of great
competitive importance and commercial value to the Company, and that improper use or disclosure by Executive is likely to result
in unfair or unlawful competitive activity.

 

7.2      
Non-solicitation of Employees. Executive agrees and covenants not to directly or indirectly solicit, hire, recruit,
and attempt to hire or recruit, or induce the termination of employment of any employee of the Company during the Restricted Period.

 

7.3      
Non-disparagement. Executive agrees and covenants that Executive will not at any time make, publish or communicate to
any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements concerning the Company
or its businesses, or any of its employees, officers, director (or substantial equivalent), or agents. Company agrees and covenants
that it will cause its officers, directors (or substantial equivalents), and agents not to at any time make, publish or communicate
to any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements concerning Executive.

 

7.4      
Code of Conduct and Insider Trading Policy. Executive acknowledges that Executive has been presented with the Company’s
Code of Conduct and Insider Trading Policy, including the Blackout Trading Calendar, and has read, understands and has executed those agreements
in conjunction with executing this Employment Agreement.

 

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7.5      
Representations. Executive represents to the Company that Executive is willing and able to engage in businesses that
are not restricted pursuant to this Section 7 and that enforcement of the restrictive covenants set forth in this Section
7 will not be unduly burdensome on Executive. Executive acknowledges that Executive’s agreement to the restrictive covenants
set forth in this Section 7 is a material inducement and condition to the Company’s willingness to enter into this
Agreement and to perform its obligations hereunder. Executive acknowledges and agrees that the restrictive covenant and remedies
set forth in this Section 7 are reasonable as to time, geographic area and scope of activity and do not impose a greater
restraint than is necessary to protect the goodwill and legitimate business interests of the Company.

 

7.6      
Court Modification. Notwithstanding the foregoing, if the restrictive covenants set forth in this Section 7 are
found by a court of competent jurisdiction to contain limitations as to time, geographic area or scope of activity that are not
reasonable or not necessary to protect the goodwill or legitimate business interests of the Company, then such court is hereby
authorized and requested to reform such provisions to the minimum extent necessary to cause the limitations contained in this Section
7 as to time, geographical area and scope of activity to be reasonable and to impose a restraint that is not greater than necessary
to protect the goodwill and legitimate business interests of the Company.

 

8.                 
Remedies. In the event of a breach or threatened breach by Executive of Section 6 or Section
7 of this Agreement, Executive hereby consents and agrees that the Company will be entitled to seek, in addition to other available
remedies, a temporary or permanent injunction or other equitable relief against such breach or threatened breach from any court
of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate
remedy, and without the necessity of posting any bond or other security. The aforementioned equitable relief will be in addition
to, not in lieu of, legal remedies, monetary damages or other available forms of relief.

 

9.                 
Proprietary Rights.

 

9.1      
Work Product. Executive acknowledges and agrees that all Work Product and Intellectual Property will be the sole and
exclusive property of the Company.

 

9.2      
Work Made for Hire; Assignment. Executive acknowledges that, by reason of being employed by the Company at the relevant
times, to the extent permitted by law, all of the Work Product consisting of copyrightable subject matter is “work made for
hire” as defined in 17 U.S.C. § 101 and such copyrights are therefore owned by the Company. To the extent that the foregoing
does not apply, Executive hereby irrevocably assigns to the Company, for no additional consideration, Executive’s entire
right, title and interest in and to all Work Product and Intellectual Property rights

 

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therein, including the right to sue,
counterclaim and recover for all past, present and future infringement, misappropriation or dilution thereof, and all rights corresponding
thereto throughout the world. Nothing contained in this Agreement will be construed to reduce or limit the Company’s rights,
title or interest in any Work Product or Intellectual Property so as to be less in any respect than that the Company would have
had in the absence of this Agreement.

 

9.3      
Further Assurances; Power of Attorney. During and after Executive’s employment, Executive agrees to reasonably
cooperate with the Company to (a) apply for, obtain, perfect and transfer to the Company the Work Product as well as all Intellectual
Property rights in the Work Product in any jurisdiction in the world; and (b) maintain, protect and enforce the same, including,
without limitation, executing and delivering to the Company any and all applications, oaths, declarations, affidavits, waivers,
assignments and other documents and instruments as will be requested by the Company. Executive hereby irrevocably grants the Company
power of attorney to execute and deliver any such documents on Executive’s behalf in Executive’s name and to do all
other lawfully permitted acts to transfer the Work Product to the Company and further the transfer, issuance, prosecution and maintenance
of all Intellectual Property rights therein, to the full extent permitted by law, if Executive does not promptly cooperate with
the Company’s request (without limiting the rights the Company will have in such circumstances by operation of law). The
power of attorney is irrevocable, coupled with an interest, and will not be affected by Executive’s subsequent incapacity.

 

9.4      
No License. Executive understands that this Agreement does not, and will not be construed to, grant Executive any license
or right of any nature with respect to any Work Product or Intellectual Property or any Confidential Information, materials, software
or other tools made available to Executive by the Company.

 

10.             
Security.

 

10.1  
 Security and Access. Executive agrees and covenants (a) to comply with all Facilities
Information Technology and Access Resources of the Company; (b) not to access or use any Facilities and Information Technology
and Access Resources except as authorized by the Company; and (c) not to access or use any Facilities and Information Technology
and Access Resources in any manner after the termination of Executive’s employment by the Company, whether termination is
voluntary or involuntary.

 

10.2  
 Exit Obligations. Upon (a) voluntary or involuntary termination of Executive’s employment or (b) the Company’s
request at any time during Executive’s employment, Executive will (i) provide or return to the Company any and all Company
property, including keys, key cards, access cards, identification cards, security devices, employer credit cards, network access
devices, computers, cell phones, smartphones, PDAs, pagers, fax machines, equipment, speakers, webcams, manuals, reports, files,
books, compilations, work product, e-mail messages, recordings, tapes, disks, thumb drives or other removable information storage
devices, hard drives, negatives and data

 

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and all Company documents and materials
belonging to the Company and stored in any fashion, including but not limited to those that constitute or contain any Confidential
Information or Work Product, that are in the possession or control of Executive, whether they were provided to Executive by the
Company or any of its business associates or created by Executive in connection with Executive’s employment by the Company;
and (ii) delete or destroy all copies of any such documents and materials not returned to the Company that remain in Executive’s
possession or control, including those stored on any non-Company devices, networks, storage locations and media in Executive’s
possession or control.

 

11.             
Governing Law: Jurisdiction and Venue. This Agreement, for all purposes, will be construed in accordance
with the laws of the State of Texas without regard to conflicts of law principles. Any action or proceeding by either of the parties
to enforce this Agreement will be brought only in a state or federal court located in the State of Texas, county of Dallas. The
parties hereby irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the
maintenance of any such action or proceeding in such venue.

 

12.             
Entire Agreement. Unless specifically provided herein, this Agreement contains all of the understandings
and representations between Executive and the Company pertaining to the subject matter hereof and supersedes all prior and contemporaneous
understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.

 

13.             
Modification and Waiver. No provision of this Agreement may be amended or modified unless such amendment
or modification is agreed to in writing and signed by Executive and the Company. No waiver by either of the parties of any breach
by the other party hereto of any condition or provision of this Agreement to be performed by the other party hereto will be deemed
a waiver of any similar or dissimilar provision or condition at the same or any prior or subsequent time, nor will the failure
of or delay by either of the parties in exercising any right, power or privilege hereunder operate as a waiver thereof to preclude
any other or further exercise thereof or the exercise of any other such right, power or privilege.

 

14.             
Severability. Should any provision of this Agreement be held by a court of competent jurisdiction to be
enforceable only if modified, or if any portion of this Agreement will be held as unenforceable and thus stricken, such holding
will not affect the validity of the remainder of this Agreement, the balance of which will continue to be binding upon the parties
with any such modification to become a part hereof and treated as though originally set forth in this Agreement. The parties further
agree that any such court is expressly authorized and requested to modify any such unenforceable provision of this Agreement in
lieu of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision,
deleting any or all of the offending provision, adding additional language to this Agreement or by making such other modifications
as it deems warranted to carry out the intent and agreement of the parties as embodied herein to the maximum extent permitted by
law. The parties

 

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expressly agree that this Agreement
as so modified by the court will be binding upon and enforceable against each of them. In any event, should one or more of the
provisions of this Agreement be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
will not affect any other provisions hereof, and if such provision or provisions are not modified as provided above, this Agreement
will be construed as if such invalid, illegal or unenforceable provisions had not been set forth herein.

 

15.             
Captions. Captions and headings of the sections and paragraphs of this Agreement are intended solely for
convenience and no provision of this Agreement is to be construed by reference to the caption or heading of any section or paragraph.

 

16.             
Counterparts. This Agreement may be executed in any number of original, facsimile or portable document
format (.pdf) separate counterparts, each of which will be deemed an original, but all of which taken together will constitute
one and the same instrument.

 

17.             
Tolling. Should Executive violate any of the terms of the restrictive covenant obligations articulated
herein, the obligation at issue will run from the first date on which Executive ceases to be in violation of such obligation.

 

18.             
Section 409A. This Agreement is intended to comply with Section 409A of
the Internal Revenue Code or an exemption thereunder and will be construed and administered in accordance with Section
409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event
and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded
from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral will be excluded
from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement
will be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment will only
be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations
that the payments and benefits provided under this Agreement comply with Section 409A and in no event will the Company be liable
for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Executive on account of non-compliance
with Section 409A.

 

19.             
Successors and Assigns. This Agreement is personal to Executive and will not be assigned by Executive.
Any purported assignment by Executive will be null and void from the initial date of the purported assignment. The Company may
assign this Agreement to any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise)
to all or substantially all of the business or assets of the Company. This Agreement will inure to the benefit of the Company and
permitted successors and assigns.

 

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20.             
Notice. All notices, requests, consents, claims, demands, waivers and other communications hereunder will
be in writing and will be deemed to have been given and received: (a) when delivered by hand (with written confirmation of receipt);
(b) when received by the addressee if sent by a nationally recognized overnight courier (return receipt requested); (c) on the
date sent by facsimile (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next
business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified
or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the
following addresses (or at such other address for a party as is specified in a notice given in accordance with this Section
20):

 

	If to the Company to:	
        with a copy (which will not constitute
        notice) to:

         

	
        Rocky Mountain High Brands, Inc.

        9101 LBJ Freeway, Suite 200

        Dallas, TX  75243

        Attn: David Seeberger

        Facsimile: (214) 593-5617

        david@rockymountainhighbrands.com
	
        Steven J. Heath

        3010 LBJ Freeway

        Dallas, Texas 75234

        Attn: Steven J. Heath

        Facsimile: (214) 919-6138

        sheathlaw@att.net

         

	
        If to Executive to:

         
	 
	
        John Blackington

        2905 Amesbury Drive

        Plano, TX 75093

        jblackington@gbsgrowthpartners.com

         
	 

 

21.             
Withholding. The Company will have the right to withhold from any amount payable hereunder any federal,
state and local taxes in order for the Company to satisfy any withholding tax obligation it may have under any applicable law or
regulation.

 

22.             
Survival. Upon the expiration or other termination of this Agreement, the respective rights and obligations
of the parties hereto will survive such expiration or other termination to the extent necessary to carry out the intentions of
the parties under this Agreement.

 

23.             
Acknowledgment of Full Understanding. EXECUTIVE AGREES AND ACKNOWLEDGES THAT EXECUTIVE HAS FULLY READ,
UNDERSTANDS AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. EXECUTIVE ACKNOWLEDGES AND AGREES THAT EXECUTIVE HAS HAD AN OPPORTUNITY
TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF EXECUTIVE’S CHOICE BEFORE SIGNING THIS AGREEMENT.

 

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24.             
Certain Defined Terms. For purposes of this Agreement, the following terms have the following meanings:

 

“Affiliate”
means, with respect to any Person, any other Person who, directly or indirectly (including through one or more intermediaries),
controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control,”
when used with respect to any specified Person, means the power, direct or indirect, to direct or cause the direction of the management
and policies of such Person, whether through ownership of voting securities or partnership or other ownership interests, by contract
or otherwise; and the terms “controlling” and “controlled” have correlative meanings.

“Change
of Control” means: (1)A change in the ownership of the capital stock of the Company where a corporation, person,
or group acting in concert (a "Person") as described in Section 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), holds or acquires, directly or indirectly, beneficial ownership (within the meaning of
RuleÊ13d3 promulgated under the Exchange Act) of a number of shares of capital stock of the Company which constitutes 50%
or more of the combined voting power of the Company’s then outstanding capital stock then entitled to vote generally in
the election of directors; or (2) The persons who were members of the Board of Directors of the Company immediately prior
to a tender offer, exchange offer, contested election, or any combination of the foregoing, cease to constitute a majority of
the Board of Directors; or (3) The adoption of a merger, consolidation, or reorganization plan involving the Company in
which the Company is not the surviving entity, or a sale of all or substantially all of the assets of the Company. For purposes
of this Agreement, a sale of all or substantially all of the assets of the Company shall be deemed to occur if any Person acquires
(or during the 12-month period ending on the date of the most recent acquisition by such Person, has acquired) gross assets of
the Company that have an aggregate fair market value equal to 50% of the fair market value of all of the gross assets of the Company
immediately prior to such acquisition or acquisitions; or (4) A tender offer or exchange offer is made by any Person
which, if successfully completed, would result in such Person beneficially owning (within the meaning of Rule 13d3 promulgated
under the Exchange Act) either 50% or more of the Company's outstanding shares of Common Stock or shares of capital stock having
50% or more of the combined voting power of the Company’s then outstanding capital stock (other than an offer made by the
Company), and sufficient shares are acquired under the offer to cause such person to own 50% or more of the voting power; or (5)
Any other transactions or series of related transactions which have substantially the same effect as the transactions specified
in any of the preceding clauses listed above in numbers (1) to (4) above.

“Common
Stock” means common stock of the Company, par value $0.001 per share.

“Common
Stock Share Price” means, as of any particular date: (a) the closing sales price
of the Common Stock on the domestic securities exchange, if any, on which the Common Stock is at the time listed; (b) if there
have been no sales of the Common Stock on any such exchange on any such day, the average of the highest bid and lowest asked prices
for the Common Stock on such exchange at the end of such day; (c) if on

    	 	13	 

    	 

    

 

any
such day the Common Stock is not listed on a domestic securities exchange, the closing sales price of the Common Stock as quoted
on the OTC Bulletin Board, the Pink OTC Markets or similar quotation system or association for such day; or (d) if there have been
no sales of the Common Stock on the OTC Bulletin Board, the Pink OTC Markets or similar quotation system or association on such
day, the average of the highest bid and lowest asked prices for the Common Stock quoted on the OTC Bulletin Board, the Pink OTC
Markets or similar quotation system or association at the end of such day; in each case, averaged over twenty (20) consecutive
trading days ending on the day on which the “Common Stock Share Price” is determined.

“Company
Code of Conduct” means the Company’s Code of Conduct and Insider Trading Policy which may be updated from time
to time. These policies define appropriate behavior in the workplace and appropriate trading guidelines for trading the Company’s
stock.

“Confidential
Information” means all information not generally known to the public, in spoken, printed, electronic or any other form
or medium, relating directly or indirectly to: business processes, practices, methods, policies, plans, publications, documents,
research, operations, services, strategies, techniques, agreements, contracts, terms of agreements, transactions, potential transactions,
negotiations, pending negotiations, know-how, trade secrets, formulas, computer programs, computer software, applications, operating
systems, software design, web design, work-in-process, databases, manuals, records, articles, systems, material, sources of material,
supplier information, vendor information, financial information, results, accounting information, accounting records, legal information,
marketing information, advertising information, pricing information, credit information, design information, payroll information,
staffing information, personnel information, employee lists, supplier lists, vendor lists, developments, reports, internal controls,
security procedures, graphics, drawings, sketches, market studies, sales information, revenue, costs, notes, communications, algorithms,
product plans, designs, styles, models, ideas, audiovisual programs, inventions, unpublished patent applications, original works
of authorship, discoveries, experimental processes, experimental results, specifications, customer information, customer lists,
client information, client lists, manufacturing information, factory lists, distributor lists, and buyer lists of the Company or
its businesses or any existing or prospective customer, supplier, investor or other associated third party, or of any other Person
that has entrusted information to the Company in confidence. Without limiting the foregoing, “Confidential Information”
also includes (a) other information that is marked or otherwise identified as confidential or proprietary, or that would otherwise
appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known
or used, and (b) information developed by Executive in the course of Executive’s employment by the Company as if the Company
furnished the same Confidential Information to Executive in the first instance. Notwithstanding the anything to the contrary, “Confidential
Information” does not include information that (i) is or becomes generally available to the public other than as a result
of any act or failure to act by Executive or anyone acting on Executive’s behalf; (ii) is or becomes available to Executive
on a non-confidential basis from a source other than the Company, unless Executive has actual or constructive knowledge that the
source of

 

    	 	14	 

    	 

    

 

such information is prohibited from
disclosing the information to Executive by a contractual, legal, fiduciary, or other obligation; (iii) was known by or in the possession
of Executive, as established by documentary evidence, prior to being disclosed to Executive by or on behalf of the Company ; or
(iv) was or is independently developed by Executive, as established by documentary evidence, without reference to, or use of, in
whole or in part, any Confidential Information.

 

“Customer
Information” means all names, phone numbers, addresses, e-mail addresses, order history, order preferences, chain of
command, pricing information and other information identifying facts and circumstances specific to the customer.

“Disability”
means Executive’s incapacity due to physical or mental illness that: (a) prevents Executive from performing Executive’s
duties for the Company on a full-time basis for 90 or more consecutive days or an aggregate of 180 days in any 365 day period;
or (b)(i) the Board determines, in compliance with applicable law, is likely to prevent Executive from performing such duties for
such period of time, and (ii) 30 days have elapsed since delivery of such determination of the Board to Executive and Executive
has not resumed such performance.

“Facilities
Information Technology and Access Resources” means all Company security policies and procedures as in force from time
to time including without limitation those regarding computer equipment, telephone systems, voicemail systems, facilities access,
monitoring, key cards, access codes, Company intranet, internet, social media and instant messaging systems, computer systems,
e-mail systems, computer networks, document storage systems, software, data security, encryption, firewalls, passwords and any
and all other Company facilities, IT resources and communication technologies.

 

“Good Cause”
means the occurrence of any of the following, in each case during the Employment Term: i) an act of fraud, embezzlement, or theft
in connection with his/her or her duties or in the course of his/her employment with the Company; ii) intentional damage to Company
property; iii) unauthorized disclosure of Company trade secrets; iv) violation of any federal, state, or local law, ordinance,
rule, or regulation (other than traffic violations or similar offenses); v) any breach of corporate fiduciary duties owed to the
Company; vi) refusal to perform the duties reasonably required by the Employee's position for the Company; vii) failure to spend
sufficient time in the Company to fully carry out the functions required by the Chief Executive Officer; ix) refusal to assist
in litigation, arbitration, or other disputes involving the Company; or x) any misconduct in the course and scope of the Employee's
employment with the Company, including, but not limited to, dishonesty, disloyalty, disorderly conduct, insubordination, harassment
of other employees or customers, abuse of alcohol or controlled substances, or other violations of the Company’s Code
of Conduct or Insider Trading Policy.

 

    	 	15	 

    	 

    

 

“Intellectual
Property” means all rights in and to copyrights, trade secrets, trademarks (and related goodwill), mask works, patents
and other intellectual property rights therein arising in any jurisdiction throughout the world and all related rights of priority
under international conventions with respect thereto, including all pending and future applications and registrations therefor,
and continuations, divisions, continuations-in-part, reissues, extensions and renewals thereof.

“Person”
means an individual, corporation, partnership, joint venture, Limited Liability Company, governmental authority, unincorporated
organization, trust, association or other entity.

“Prohibited
Activity” means any activity in which Executive contributes Executive’s knowledge, experience, services, name,
likeness, credibility or reputation, directly or indirectly, in whole or in part, as an employee, employer, owner, operator, manager,
advisor, consultant, agent, partner, director (or substantial equivalent), stockholder (or other equity or quasi-equity holder),
officer, volunteer, intern or any other similar capacity to any Person [engaged in the same or similar business as the Company,
including those engaged in the beverage business]. “Prohibited Activity” also includes activity that may require
or inevitably requires disclosure of trade secrets, proprietary information or Confidential Information or failure to comply with
the Company’s Code of Conduct or Insider Trading Policy.

“Termination
Date” means, if Executive's employment hereunder terminates on account of (a) Executive’s death, the date of Executive's
death; (b) Executive’s Disability, the date that it is determined that Executive has a Disability; (c) either party providing
notice of non-renewal pursuant to Section 1, the Renewal Date immediately following the date on which the applicable party
delivers notice of non-renewal; and (d) any other reason, the date set forth in any valid Notice of Termination. Notwithstanding
anything contained herein, the Termination Date will not occur until the date on which Executive incurs a "separation from
service" within the meaning of Section 409A.

 

“Third
Party Purchaser” means any Person who, immediately prior to any contemplated transaction, (a) does not directly or indirectly
own or have the right to acquire any equity interest in the Company and (b) is not an Affiliate of any Person who does directly
or indirectly own or have the right to acquire any equity interest in the Company.

“Work Product”
means all writings, works of authorship, technology, inventions, discoveries, ideas and other work product of any nature whatsoever,
that are created, prepared, produced, authored, edited, amended, conceived or reduced to practice by Executive individually or
jointly with others during the period of Executive’s employment by the Company and relating in any way to the business or
contemplated business, research or development of the Company (regardless of when or where the Work Product is prepared or whose
equipment or other resources is used in preparing the same) and all printed, physical and electronic copies, all improvements,
rights and claims related to the foregoing, and other tangible embodiments thereof. Without limiting the generality of the foregoing,
“Work Product” includes Company plans, publications,

 

    	 	16	 

    	 

    

 

research, strategies, techniques, agreements,
documents, contracts, terms of agreements, negotiations, know-how, formulas, computer programs, computer applications, software
design, web design, work in process, databases, manuals, results, developments, reports, graphics, drawings, sketches, market studies,
formulae, notes, communications, algorithms, product plans, product designs, styles, models, audiovisual programs, inventions,
unpublished patent applications, original works of authorship, discoveries, experimental processes, experimental results, specifications,
customer information, client information, customer lists, client lists, manufacturing information, marketing information, advertising
information, and sales information.

 

 

IN WITNESS WHEREOF, the
undersigned have executed and delivered this Agreement as of the Effective Date.

 

 

Company:

 

Rocky Mountain High Brands,
Inc.

 

By:/s/
Michael R. Welch 

Name: Michael R. Welch

Title: President &
Chief Executive Officer

 

 

Executive:

 

By:  /s/ John Blackington

Name: John Blackington

Title: Chief Commercialization
Officer

 

    	 	17	 

    	 

    

 

EXHIBIT A

FORM OF RELEASE

AGREEMENT AND MUTUAL RELEASE

IMPORTANT
NOTICE TO JOHN BLACKINGTON: Various federal, state and municipal laws prohibit employment discrimination based on age, race,
color, creed, religion, sex, sexual orientation, national origin, disability, citizenship, veteran status, and other prohibited
criteria. These laws are enforced through the Equal Employment Opportunity Commission, the Texas Workforce Commission, and other
federal, state and municipal agencies. If you believe that your agreement to accept separation pay and benefits and the signing
of this Agreement was coerced or is discriminatory, you are encouraged to speak with your Officer for Human Relations about your
concerns. You are advised to discuss this Agreement with your attorney. In any event, you should thoroughly review and understand
the effect of this document before signing it. You have twenty-one (21) days from the date you received this Agreement to
return a signed copy of the agreement to Michael Welch. Additionally, you have seven (7) days after returning a signed agreement
to revoke your acceptance, if you so choose. To revoke your acceptance, you must deliver a written notice of revocation to the
attention of Michael Welch, President and Chief Executive Officer, Rocky Mountain High Brands, 9101 LBJ Freeway, Suite 200, Dallas,
TX 75243 within seven days after you sign the Agreement. You will not receive the severance benefits described ion your employment
agreement until the revocation period has expired without revocation by you of the signed agreement. Neither this Notice nor any
terms of this Agreement are acknowledgements or admissions by the Company or you of any violation of state or federal law.

This Agreement
and Mutual Release (this “Agreement”), dated as of _____________________(the “Execution Date”),
is entered into by and among (“Executive”) and Rocky Mountain High Brands, Inc., a Nevada corporation (the “Company”),
pursuant to the terms of that certain Employment Agreement dated February 1, 2018 (“Employment Agreement”),
by and between Executive and Company. By letter dated ___________________, delivered by the Rocky Mountain High Brands,
Inc. to Michael Welch, Executive’s employment with the Company and each of its subsidiaries and corporate affiliates has
been terminated, effective ________________. Pursuant to Section 5.7 of the Employment Agreement, Executive agreed
that in consideration for receiving the Severance Amount identified in the Employment Agreement, Executive would execute and deliver
this Agreement to the Company. Each capitalized term used herein and not otherwise defined shall have the meaning given such term
in the Employment Agreement.

1.       Definitions.

“Claims”
means any and all claims, complaints, charges, demands, liabilities, suits, damages, losses, expenses, attorneys' fees, obligations
or causes of action. “Claims” shall not include, and nothing in this Agreement shall be construed to be a waiver or
release of, (i) any rights or obligations of any party arising under or through the Certificate of Incorporation, the Bylaws, or
the Shareholder Agreement of the

    	 	18	 

    	 

    

 

Company and any subsequent amendments
to any such documents; (ii) any rights to indemnity under Section 4.5 of the Employment Agreement; (iii) any rights or obligations
under the Employment Agreement that survive the date of termination of Executive’s employment with the Company; (iv) any
vested or previously accrued benefits under any retirement or welfare plan of the Company; or (v) Executive’s entitlement,
if any, to continue medical and dental insurance coverage under and pursuant to the Consolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”).

“Company
Parties” means the Company, each of its predecessors, successors, assigns, parents, Subsidiaries and affiliates and each
of the foregoing entities' respective past, present and future members, managers, officers, employees, agents, representatives,
principals, insurers, attorneys, employee benefit programs (and the trustees, administrators, fiduciaries and insurers of such
programs), and any Person acting by, through, under or in concert with any of the foregoing entities.

“Executive
Parties” means Executive and Executive’s family, attorneys, heirs, estate, agents, executors, representatives,
administrators and each of their respective successors and assigns.

2.       Executive’s
General Release and Covenant Not to Sue.

a.       Executive,
on behalf of Executive and each of the other Executive Parties, hereby generally releases and forever discharges the Company Parties
from any and all Claims, known or unknown, of any kind and every nature whatsoever, and whether or not accrued or matured, which
any of them have or may have arising out of or relating to any transaction, dealing, relationship, conduct, act or omission, or
any other matters or things occurring or existing at any time prior to and including the Execution Date, including but not limited
to any Claims against any of the Company Parties based on, relating to or arising under wrongful discharge, retaliation, breach
of contract (whether oral or written), tort, fraud, defamation, slander, breach of privacy, violation of public policy, negligence,
promissory estoppel, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities
Act, the Employee Retirement Income Security Act of 1974, or any other federal, state or local law relating to employment (or unemployment),
the payment of wages, salary or other compensation, civil or human rights, or discrimination in employment (based on age or any
other factor) in all cases arising out of or relating to Executive's employment by the Company or any Subsidiary thereof or Executive’s
investment in the Company or any Subsidiary thereof or Executive’s services as an officer or employee of the Company or any
Subsidiary thereof, or otherwise relating to the termination of such employment or services.

b.       Executive,
on behalf of Executive and each of the other Executive Parties, hereby covenants forever not to assert, file, prosecute, commence,
institute (or sponsor or purposely facilitate any person in connection with the foregoing), any complaint or lawsuit or any legal,
equitable, arbitral or administrative proceeding of any nature, against any of the Company Parties in connection with any released
Claims, and represents and warrants that no other person or entity has initiated or, to the extent within

    	 	19	 

    	 

    

 

Executive’s control, will
initiate any such proceeding on Executive’s behalf, and that if such a proceeding is initiated, Executive shall accept no
benefit therefrom. Provided, however, the Parties acknowledge that this Agreement does not prohibit Executive from pursuing an
administrative claim with a local, state or federal administrative body, but does preclude Executive from pursuing court action
regarding any such claim.

3.       Company’s
General Release and Covenant Not to Sue.

a.       The
Company, on its own behalf and on behalf of the other Company Parties, hereby generally releases and forever discharges the Executive
Parties from any and all Claims, known or unknown, of any kind and every nature whatsoever, and whether or not accrued or matured,
which any of them may have, arising out of or relating to any transaction, dealing, relationship, conduct, act or omission, or
any other matters or things occurring or existing at any time prior to and including the Execution Date (including but not limited
to any Claims based on, relating to or arising under breach of contract (whether oral or written), tort, fraud, defamation, slander,
violation of public policy, negligence, promissory estoppel, or any other federal, state or local law relating to employment or
discrimination in employment) in all cases arising out of or relating to Executive's employment by the Company or any Subsidiary
thereof or Executive’s investment in the Company or any Subsidiary thereof or Executive’s services as a director, officer
or employee of any Company Party (or of any entity for which Executive has served in any such capacity or a similar capacity at
the request of the Company), or otherwise relating to the termination of such employment or services.

b.       The
Company, on behalf of itself and the other Company Parties, hereby covenants forever not to assert, file, prosecute, commence,
institute (or sponsor or purposely facilitate any person in connection with the foregoing), any complaint or lawsuit or any legal,
equitable, arbitral or administrative proceeding of any nature, against any of the Executive Parties in connection with any released
Claims, and represents and warrants that no other person or entity has initiated or to the extent within its control, will initiate
any such proceeding on its behalf, and that if such a proceeding is initiated, the Company and the other Company Parties shall
accept no benefit therefrom.

4.       Acknowledgments.
Executive and the Company acknowledge that, by entering into this Agreement, neither the Executive nor the Company admits to any
wrongdoing in connection with Executive’s employment, and that this Agreement is intended as a compromise of any Claims that
any Party has or may have against the other. Executive acknowledges that Executive has read and understands this Agreement, is
fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than
those contained in writing herein, and has entered into this Agreement freely based on Executive’s own judgment.

5.       Resignation.
Executive hereby confirms Executive’s resignations from all officer positions with Company and each of its direct or indirect
subsidiaries and corporate or non-corporate affiliates, effective immediately.

    	 	20	 

    	 

    

 

6.       Injunctive
Relief. The parties hereto acknowledge that money damages would be both incalculable and an insufficient remedy for a breach
of this Agreement by either party hereto and that any such breach would cause the non-breaching party irreparable harm. Accordingly,
each party hereto, in addition to any other remedies at law or in equity it may have, shall be entitled, without the requirement
of posting of bond or other security, to equitable relief, including injunctive relief and specific performance, in connection
with a breach of this Agreement by the other party. If either party hereto files a pleading with a court seeking immediate injunctive
relief and this pleading is challenged by the other party and the injunctive relief sought is not awarded, the party seeking injunctive
relief shall pay all of the costs and attorneys’ fees of the other party.

7.       Severability.
If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws, such provision
shall be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a portion of this Agreement; and the remaining provisions of this Agreement shall remain in full force and
effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement. Furthermore,
in lieu of such illegal, invalid or unenforceable provision there shall be added automatically as part of this Agreement a provision
as similar in terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.

8.       Attorney’s
Fees. Executive agrees to pay the reasonable attorney’s fees, costs and any damages any Company Party may incur as a
result of Executive breaching a promise Executive made in this Agreement (such as by suing a Company Party over a released Claim)
or if any representation Executive made in this Agreement is false. The Company agrees to pay the reasonable attorney’s fees,
costs and any damages any Executive Party may incur as a result of the Company breaching a promise the Company made in this Agreement
(such as by suing an Executive Party over a released Claim) or if any representation the Company made in this Agreement is false.

9.       Counterparts.
This Agreement may be executed in any number of counterparts, each of which will be an original, but all of which together shall
constitute one and the same instrument. Any counterpart of this Agreement that has attached to it separate signature pages which
together contain the signature of all parties hereto shall for all purposes be deemed a fully executed original. Facsimile or pdf
signatures shall constitute original signatures.

10.       Governing
Law; Forum. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without reference
to principles of conflict of laws of Texas or any other jurisdiction.

11.       Older
Worker Benefit Protection Act (OWBPA) Acknowledgement. Executive is fully aware of all facts with regard to Executive’s
rights, including Executive’s rights under the Age Discrimination in Employment Act (“ADEA”), and acknowledges
receipt of a disclosure statement in compliance with the OWBPA, which is attached to this Agreement. Executive understands that
by executing this Agreement,

    	 	21	 

    	 

    

 

Executive is waiving Executive’s
right to any relief for any claim under the ADEA. Executive may still file a charge of discrimination with the Equal Employment
Opportunity Commission regarding such claims, but this Agreement and waiver will bar Executive from receiving any compensation
or personal relief in the event of such a charge. Executive is hereby notified that Executive has 21 days to consider this Agreement
although Executive may waive that period and sign the Agreement at any time prior to the end of the 21-day period. Executive is
advised in writing by this Agreement to consult with an attorney prior to signing this Agreement, and by Executive’s signature
below Executive represents Executive has consulted with an attorney, or voluntarily elected not to consult with an attorney, with
respect to this Agreement. In addition, Executive understands that Executive may revoke this Agreement within 7 days after Executive
has signed it by written notice to:

Rocky Mountain High Brands, Inc.

9101 LBJ Freeway, Suite 200

Dallas, TX  75243

Attn: Michael Welch

michael@rockymountainhighbrands.com

This Agreement
shall not become effective or enforceable until the 7-day revocation period has expired without Executive’s revocation. Executive
acknowledges that if Executive accepts any of the Severance Amount identified in the Employment Agreement after the expiration
of the 7-day period, such acceptance shall constitute confirmation by Executive that Executive did not revoke this Agreement during
the 7-day period.

 

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

 

Company:

 

Rocky Mountain High Brands,
Inc.

 

By: ____________________________

Name: Michael R. Welch

Title: President &
Chief Executive Officer 

 

 

Executive:

 

By: ___________________________

Name: John Blackington

Title: Chief Commercialization Officer

    	 	22Exhibit 4.1

 

 

Dated the 22nd day of February 2018

 

 

 

 

VAGAS LANE LIMITED

(as Vendor)

 

 

 

 

and

 

 

 

 

Giant Connection Limited 

(巨人網絡有限公司)

(as Purchaser)

 

 

 

 

 

	
         

        SHARE EXCHANGE AGREEMENT

        in respect of 100% of the issued share capital
        of

        11 HAU FOOK STREET LIMITED

         

 

     

     

    

 

TABLE OF CONTENTS

 

	Clause	Headings	Page
	 	 	 
	1.	DEFINITIONS AND INTERPRETATION	2
	2.	SALE AND PURCHASE OF SALE SHARES	5
	3.	CONSIDERATION	5
	4.	CONDITIONS PRECEDENT	5
	5.	COMPLETION	6
	6.	REPRESENTATIONS AND WARRANTIES	8
	7.	FURTHER ASSURANCE	9
	8.	RESTRICTIONS ON COMMUNICATION AND ANNOUNCEMENTS	9
	9.	PARTIAL INVALIDITY	10
	10.	COSTS AND EXPENSES	10
	11.	ASSIGNMENT	10
	12.	CONTINUING EFFECT OF AGREEMENT	10
	13.	GENERAL	10
	14.	NOTICES	11
	15.	COUNTERPARTS	12
	16.	LAW AND JURISDICTION	12
	SCHEDULE 1 PARTICULARS OF THE COMPANY	14
	SCHEDULE 2 VENDOR WARRANTIES	15
	SCHEDULE 3 PURCHASER WARRANTIES	26
	SCHEDULE 4 Litigation
    search results	27

 

     

     

    

 

THIS AGREEMENT
is made on the 22ndday of February 2018

 

BETWEEN

 

		(1)	VAGAS LANE LIMITED, a company incorporated with limited liability in Republic of the Marshall
Islands, whose registered office is situated at Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands,
MH96960 ( the “Vendor”);

 

		AND	

 

		(2)	Giant Connection Limited (巨人網絡有限公司),a
company incorporated with limited liability in Seychelles, whose registered office is situated at Vistra Corporate Services Centre,
Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahé, Republic of Seychelles (the “Purchaser”).

 

WHEREAS:

 

		(A)	As at the date of this Agreement, the Company (particulars of which are set out in Schedule 1)
has an issued share capital of HK$9,062,573 divided into 9,062,573 issued and fully paid shares. The Company is owned as to 100%
by the Vendor.

 

		(B)	As at the date of this Agreement, the Purchaser is a wholly owned subsidiary of SGOCO.

 

		(C)	The Vendor has agreed to sell, and the Purchaser has agreed to purchase, the Sale Shares upon the
terms and conditions set out in this Agreement.

 

		(D)	Upon Completion, the Company will be owned as to 100% by the Purchaser.

 

NOW IT IS HEREBY AGREED as follows:

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	In this Agreement (including the Recitals and the Schedules), the following expressions shall,
unless the context otherwise requires, have the following meanings:

 

	
        “Accounts”

         
	
        the audited financial statements of the
        Company comprising the income statement for the financial year ended the Accounts Date and the balance sheet as at the Accounts
        Date;

         

	
        “Accounts Date”

         
	
        31st March 2017;

         

	
        “Agreement”

         
	
        this share exchange agreement (including
        its Recitals and Schedules), as may be amended or supplemented from time to time;

         

	
        “business day”

         
	
        a day (other than Saturday) on which banks
        are open in Hong Kong for general banking business;

         

 

    2 

     

    

 

	
        “Company”

         

         
	
        11 Hau Fook Street Limited, a company incorporated
        in Hong Kong with limited liability, particulars of which are set out in Schedule 1;

         

	
        “Completion”

         
	
        completion of the sale and purchase of
        the Sale Shares pursuant to Clause 5;

         

	“Completion Consideration Shares”	has the meaning ascribed to it in Clause 3.2;
	 	 
	
        “Completion Date”

         
	
        three (3) business days following the date
        on which all the Conditions Precedent are fulfilled or waived (as the case may be);

         

	
        “Conditions Precedent”

         
	
        the conditions precedent set out in Clause
        4;

         

	
        “Consideration”

         
	
        has the meaning ascribed to it in Clause
        3.1;

         

	
        “Consideration Shares” 
	
        has the meaning ascribed to it
in Clause 3.2; 

	 	 
	“Existing Encumbrances”	
        means the existing Encumbrances or security
        interest created over the landed asset of the Company owing and outstanding immediately prior to the Completion;

         

	
        “Encumbrance”

         
	
        any option, right to acquire, right of
        pre-emption, mortgage, charge, pledge, lien, hypothecation, title retention, right of set off, counterclaim, trust arrangement
        or other security or any equity or restriction;

         

	
        “HK$”

         
	Hong Kong dollars, the lawful currency of Hong Kong;
	 “HKIAC”	
        Hong Kong International Arbitration Centre;

         

	
        “Hong Kong”

         
	
        the Hong Kong Special Administrative Region
        of the PRC;

         

	“Inland Revenue Ordinance”	
        Inland Revenue Ordinance (Chapter 112 of
        the Laws of Hong Kong);

         

	
        “Long Stop Date”

         
	
        31 March 2018 or such later date as may
        be agreed between the Vendor and the Purchaser;

         

	
        “Management Accounts”

         
	
        the unaudited management accounts of the
        Company comprising the income statement for such period after the Accounts Date and up to the Management Accounts Date and the
        balance sheet as at the Management Accounts Date;

         

	
        “Management Accounts Date” 
	
        31st January 2018; 

 

    3 

     

    

 

	
        “NASDAQ”

         
	
        National Association of Securities Dealers
        Automated Quotations, the stock market in the USA;

         

	
        “Parties”

         
	
        parties to this Agreement and a “Party”
        means any one of them;

         

	
        “Purchaser Warranties”

         
	
        the representations, warranties and undertakings
        made by the Purchaser and contained in Clause 6 and Schedule 3;

         

	
        “Sale Shares”

         
	
        9,062,573 shares in the share capital of
        the Company, being 100% of its entire issued share capital as at the date of this Agreement;

         

	
        “SGOCO”

         
	
        SGOCO Group, Ltd., a company incorporated
        in the Cayman Islands whose shares are listed and traded on NASDAQ;

         

	
        “SGOCO Shares”

         
	
        ordinary shares of SGOCO, par value $0.004
        per share (or of such other securities as shall result from a subdivision, consolidation, re-classification or re-construction
        of such shares from time to time);

         

	
        “Taxation”

         
	
        all forms of tax, rate, levy, duty, charge,
        impost, fee, deduction or withholding of any nature now or hereafter imposed, levied, collected, withheld or assessed by any taxing
        or other authority in any part of the world and includes any interest, additional tax, penalty or other charge payable or claimed
        in respect thereof;

         

	“USA”	
        the United States of America;

         

	
        “US$”

         
	
        United States dollars, the lawful currency
        of the USA;

         

	
        “Vendor Warranties”

         
	
        the representations, warranties and undertakings
        made by the Vendor and contained in Clause 6 and Schedule 2;

         

	
        “Warranties”

         
	
        the Vendor Warranties and the Purchaser
        Warranties; and

         

	“%”	
        per cent. 

 

		1.2	In this Agreement:

 

		(a)	references to costs, charges, remuneration or expenses shall include any value added tax, turnover
tax or similar tax charged in respect thereof;

 

		(b)	references to any action, remedy or method of judicial proceedings for the enforcement of rights
of creditors shall include, in respect of any jurisdiction other than Hong Kong, references to such action, remedy or method of
judicial proceedings for the enforcement of rights of creditors available or appropriate in such jurisdiction as shall most nearly
approximate thereto;

 

    4 

     

    

 

		(c)	words denoting the singular number only shall include the plural number also and vice versa;

 

		(d)	words denoting one gender only shall include the other genders and the neuter and vice versa;

 

		(e)	words denoting persons only shall include firms and corporations and vice versa;

 

		(f)	references to any provision of any statute shall be deemed also to refer to any modification or
re-enactment thereof or any instrument, order or regulation made thereunder or under such modification or re-enactment; and

 

		(g)	references to any document in the agreed form is to such document which has been initialed by the
parties for identification.

 

		1.3	Headings shall be ignored in construing this Agreement.

 

		1.4	The Recital and the Schedules are part of this Agreement and shall have effect accordingly.

  

		2.	SALE AND PURCHASE OF SALE SHARES

 

Subject to
the terms and conditions of this Agreement, the Vendor, as legal and beneficial owner, shall sell the Sale Shares to the Purchaser
and the Purchaser shall purchase the same from the Vendor free from all Encumbrances and third party rights of any kind and together
with all rights now or hereafter attaching thereto including the right to receive all dividends and distributions declared, made
or paid on or after the Completion Date.

  

		3.	CONSIDERATION

 

		3.1	The aggregate consideration (the “Consideration”) of the Sale Shares to be paid
by the Purchaser to the Vendor is HK$26,100,000 (equivalent to US$3,346,153.85 adopting the exchange rate of US$1.00 = HK$7.8),
which shall be satisfied by the allotment and issue of the Consideration Shares (hereinafter defined) by SGOCO on the Completion
Date.

 

		3.2	The Purchaser shall procure SGOCO to allot and issue such number of SGOCO Shares (the “Consideration
Shares”) to the Vendor (or their nominees) calculated using the formula of number of Consideration Shares = Consideration
(in US$) ÷ US$1.14.

 

		4.	CONDITIONS PRECEDENT

 

		4.1	Completion shall be conditional upon the fulfillment of the following Conditions Precedent:

 

		(a)	all Vendor Warranties being true, accurate and not misleading at all material aspects at all times
between the date hereof and the Completion Date (as though they had been made on such dates by reference to the facts and circumstances
then subsisting);

 

    5 

     

    

 

		(b)	there having been no material adverse change, or any development likely to involve a prospective
material adverse change, in the condition (financial, operational or otherwise) or in the earnings, business affairs or business
prospects, assets or liabilities of the Company, whether or not arising in the ordinary course of business since the date of this
Agreement;

 

		(c)	save and except for the Existing Encumbrances, all loans or amounts due by the Company to its shareholder,
director or any other third party creditors having been fully waived or settled, save for the liabilities incurred in the ordinary
course of business after the date of this Agreement and before Completion;

 

		(d)	the Parties having conducted the due diligence exercise (legal and financial) on the Company and
the Purchaser being satisfied with the results thereof;

 

		(e)	NASDAQ having completed the review of this Agreement and having granted the approval for the listing
of, and the permission to deal in, the Consideration Shares, if required under NASDAQ continued listing rules and regulations;
and

 

		(f)	all necessary consents, approvals, permits and/or authorisations in respect of the transactions
contemplated under this Agreement having been obtained.

 

		4.2	All Conditions Precedent may be waived by the Parties by written consent.

 

		4.3	Each Party undertakes to the other Party to use its best endeavours to ensure that the Conditions
Precedent in Clause 4.1 are fulfilled as early as practicable and in any event not later than the Long Stop Date.

 

		4.4	Each Party undertakes to provide all reasonable assistance to the other Party to fulfill the Conditions
Precedent in Clause 4.1 in accordance with Clause 4.3.

 

		4.5	If the Conditions Precedent have not been fulfilled or waived (as the case may be) on or before
the Long Stop Date, this Agreement will lapse and become null and void and the Parties will be released from all obligations hereunder,
save for liabilities for any antecedent breaches hereof.

  

		5.	COMPLETION

 

		5.1	Completion shall take place at Loeb & Loeb LLP, 21st Floor, CCB Tower, 3 Connaught Road Central,
Hong Kong at 9.a.m. am on the Completion Date (or at such other place, on such other time and/or day as the Parties may agree).

 

		5.2	At Completion, the Vendor shall:

 

		(a)	deliver or cause to be delivered to the Purchaser and/or its nominee:

 

		(i)	evidence reasonably satisfactory to the Purchaser that the Conditions Precedent in Clause 4.1 (which
are applicable to the Vendor) of this Agreement have been fulfilled;

 

    6 

     

    

 

		(ii)	the instrument(s) of transfer and the bought and sold notes of the Sale Shares duly executed by
the Vendor as registered holder thereof in favour of the Purchaser or its nominee together with the related share certificate(s);

 

		(iii)	draft register of members of the Company reflecting the shareholding of the Company after Completion;

 

		(iv)	(1)	all statutory records and minute books (which shall be duly
written up to date as at Completion) and accounting records including an original copy of the memorandum and articles
of association or other equivalent constitutional documents, certificate of incorporation and business registration certificates,
business licence, governmental approval letters and certificates (if any), common seal, authorised chops, share certificate
books and other statutory records of the Company;

 

		(2)	all tax returns and assessments of the Company (if applicable)
(receipted where the due dates for payment fell on or before the Completion Date);

 

		(3)	copies of all correspondence, if any, with its lawyers, accountants, tax or revenue departments,
all other documents and correspondence, if any, relating to the business affairs of the Company; and all title deeds, evidence
of ownership and documents relating to assets owned by the Company save and except the Existing Encumbrances;

 

provided that
the above shall be deemed to have been delivered if they are located at the registered office or principal place of business of
the Company;

 

		(v)	resignation letter of the director of the Company, in the form and substances reasonably satisfied
by the Purchaser;

 

		(vi)	a cheque made payable to “the Government of Hong Kong SAR” for such amount representing
half share of Hong Kong stamp duty which shall be borne by the Vendor as transferor of the Sale Shares in accordance with the Stamp
Duty Ordinance;

 

		(vii)	such other documents as may be reasonably required by the Purchaser to, among other things, give
good title to the Sale Shares free from all Encumbrances and third party rights of any kind and to enable the Purchaser or its
nominees to become the registered holder thereof; and

 

		(viii)	a certified true copy of the resolutions of the sole director of the Company approving the matters
set out in Clause 5.2(b);

 

		(b)	procure that the following businesses shall be approved in the sole director’s resolution
of the Company:

 

    7 

     

    

 

		(i)	the director of the Company shall approve the transfer of the Sale Shares and the Purchaser or
its nominee shall be duly registered as the holder of the Sale Shares in the register of members of the Company, subject to the
memorandum and articles of association of the Company;

 

		(ii)	the director of the Company shall approve the resignation of the existing director of the Company,
prior to the Completion and the appointment of the directors nominated by the Purchaser;

 

		(iii)	the director of the Company shall resolve that the share certificate in respect of the Sale Shares
be duly issued and delivered to the Purchaser and/or its nominee; and

 

		(iv)	the director of the Company shall approve the director to do all such acts and things and to sign
any documents reasonably required to give effect to the transaction as contemplated under this Agreement.

 

		5.3	At Completion, against compliance with the provisions of Clause 5.2, the Purchaser shall deliver
or cause to be delivered to the Vendor:

 

		(a)	a certified copy of the resolutions passed by the board of directors of the Purchaser approving
the execution and performance of this Agreement;

 

		(b)	evidence reasonably satisfactory to the Vendor that the Conditions Precedent in Clause 4.1 (which
are applicable to the Purchaser) of this Agreement have been fulfilled;

 

		(c)	the instrument(s) of transfer and the bought and sold notes of the Sale Shares duly executed by
the Purchaser or its nominee;

 

		(d)	a copy of the board resolutions of SGOCO approving the allotment and issue of the Consideration
Shares; and

 

		(e)	the share certificate and other documents as may be reasonably required to give good title to the
Consideration Shares free from all Encumbrances and third party rights of any kind and to enable the Vendor or his nominees to
become the registered holders thereof.

  

		6.	REPRESENTATIONS AND WARRANTIES

 

		6.1	The Purchaser hereby represents, warrants and undertakes to the Vendor in the terms set out in
this Clause 6 and Schedule 3.

 

		6.2	The Vendor hereby represents, warrants and undertakes to the Purchaser in the terms set out in
this Clause 6 and Schedule 2 subject to the matters disclosed or provided in this Agreement.

 

		6.3	The Purchaser shall be deemed to have given all the Purchaser Warranties on the basis that such
Purchaser Warranties will at all times from the date of this Agreement up to and including the Completion Date be true, complete
and accurate in all respects and such Purchaser Warranties shall have effect as if given at Completion as well as the date of this
Agreement.

 

    8 

     

    

 

		6.4	The Vendor shall be deemed to have given all the Vendor Warranties on the basis that such Vendor
Warranties will at all times from the date of this Agreement up to and including the Completion Date be true, complete and accurate
in all respects and such Vendor Warranties shall have effect as if given at Completion as well as the date of this Agreement.

 

		6.5	The Vendor agrees and acknowledges that the Purchaser is entering into this Agreement in reliance
on the Vendor Warranties.

 

		6.6	The Purchaser agrees and acknowledges that the Vendor is entering into this Agreement in reliance
on the Purchaser Warranties.

 

		6.7	None of the Warranties shall be limited or restricted by reference to or inference from the terms
of any other Warranties or any other term of this Agreement.

 

		6.8	If any Party fails to perform any of its obligations in any material respect (including its obligation
at Completion) under this Agreement or breaches any of the terms or Warranties set out in this Agreement in any material respect
prior to Completion, then without prejudice to all and any other rights and remedies available at any time to a non-defaulting
Party (including but not limited to the right to damages for any loss suffered by that Party), any non-defaulting Party may by
notice either require the defaulting Party to perform such obligations or, insofar as the same is practicable, remedy such breach
or to the extent it relates to the failure of the defaulting Party to perform any of its obligations on or prior to Completion
in any material respect, treat the defaulting Party as having repudiated this Agreement and rescind the same. The rights conferred
upon the respective Parties by the provisions of this Clause 6 are additional to and do not prejudice any other rights the respective
Parties may have. Failure to exercise any of the rights herein conferred shall not constitute a waiver of any such rights.

 

		6.9	The Vendor undertakes to indemnify and keep fully indemnified the Purchaser against, and hold the
Purchaser harmless immediately upon demand in respect of, any and all claims that the Purchaser may suffer or face as a result
of or in connection with (a) any inaccuracy of any of the Vendor Warranties; or (b) any breach of the Vendor Warranties by the
Vendor, provided that the maximum aggregate liability of the Vendor in respect of all claims shall not exceed the amount of the
Consideration.

 

		7.	FURTHER ASSURANCE

 

Each Party
undertakes to the other Party to execute or procure to be executed all such documents and to do or procure to be done all such
other acts and things as may be reasonable and necessary to give all Parties the full benefit of this Agreement.

 

		8.	RESTRICTIONS ON COMMUNICATION AND ANNOUNCEMENTS

 

		8.1	Each of the Parties undertakes to the other Party that it shall not at any time after the date
of this Agreement divulge or communicate to any person other than to its professional advisers, or when required by law or any
rule of any relevant stock exchange body, or to its respective officers or employees whose province it is to know the same any
confidential information concerning the business, accounts, finance or contractual arrangements or other dealings, transactions
or affairs of the other which may be within or may come to its knowledge in connection with the transactions contemplated by this
Agreement and it shall use its best endeavours to prevent the publication or disclosure of any such confidential information concerning
such matters. This restriction shall not apply to information or knowledge which is or which properly comes into the public domain,
through no fault of any of the Parties or to information or knowledge which is already known to any of the Parties at the time
of its receipt.

 

    9 

     

    

 

		8.2	Each of the Parties undertakes that it shall not at any time (save as required by law or any rule
of any relevant stock exchange or regulatory body) make any announcement in connection with this Agreement unless the other Party
shall have given its consent to such announcement (which consent may not be unreasonably withheld or delayed and may be given either
generally or in a specific case or cases and may be subject to conditions). If any Party is required by law or any rule of any
relevant stock exchange or regulatory body to make any announcement in connection with this Agreement, the other Party agrees to
supply all relevant information relating to itself that is within its knowledge or in its possession as may be reasonably necessary
or as may be required by any exchange and regulatory body to be included in the announcement.

  

		9.	PARTIAL INVALIDITY

 

If, at any
time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect in any jurisdiction, the legality,
validity and enforceability in other jurisdictions or of the remaining provisions of this Agreement shall not be affected or impaired
thereby.

 

		10.	COSTS AND EXPENSES

 

Each Party
shall bear its own costs of and incidental to the preparation, negotiation and settlement of this Agreement and the transactions
contemplated hereunder (including, without limitation, legal fees and expenses, and capital fees or stamp duty (if any) relating
to this Agreement).

 

		11.	ASSIGNMENT

 

No Party shall
assign any of its rights or obligations under this Agreement without the written consent of the other Party.

 

		12.	CONTINUING EFFECT OF AGREEMENT

 

Any provision
of this Agreement which is capable of being performed after Completion but which has not been performed at or before Completion
shall remain in full force and effect notwithstanding Completion.

  

		13.	GENERAL

 

    10 

     

    

 

		13.1	This Agreement supersedes all and any previous agreements, arrangements or understanding between
the Parties relating to the matters referred to in this Agreement and all such previous agreements, understanding or arrangements
(if any) shall cease and determine with effect from the date hereof and neither Party shall have any claim in connection therewith.

 

		13.2	This Agreement constitutes the entire agreement between the Parties with respect to its subject
matter (no Party having relied on any representation or warranty made by the other Party which is not contained in this Agreement).
No variation of this Agreement shall be effective unless made in writing and signed by all Parties.

 

		13.3	Time shall be of the essence of this Agreement but no failure by any Party to exercise, and no
delay on its part in exercising any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any right under this Agreement preclude any other or further exercise of it or the exercise of any right or prejudice or affect
any right against the other. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights
or remedies provided by law.

 

		13.4	No delay or failure by a Party to exercise or enforce (in whole or in part) any right provided
by this Agreement or by law shall operate as a release or waiver, or in any way limit that Party’s ability to further exercise
or enforce that, or any other, right. A waiver of any breach of any provision of this Agreement shall not be effective, or implied,
unless that waiver is in writing and is signed by the Party against whom that waiver is claimed. In the event of a default by either
Party in the performance of its obligations under this Agreement, the non-defaulting Party shall have the right to obtain specific
performance of the defaulting Party’s obligations. Such remedy shall be in addition to any other remedies provided under
this Agreement or at law.

 

		14.	NOTICES

 

		14.1	Any notice claim, demand, court process, document or other communication to be given under this
Agreement (collectively “communication” in this Clause) shall be in writing in the English or Chinese language
and may be served or given personally or sent to the e-mail address (if any) of the relevant Party and marked for the attention
and/or copied to such other person as specified in Clause 14.4.

 

		14.2	A change of address or e-mail address of the person to whom a communication is to be addressed
or copied pursuant to this Agreement shall not be effective until five days after a written notice of change has been served in
accordance with the provisions of this Clause 14 on the other Party with specific reference in such notice that such change is
for the purposes of this Agreement.

 

		14.3	All communications shall be served by the following means and the addressee of a communication
shall be deemed to have received the same within the time stated adjacent to the relevant means of despatch:

 

	Means of despatch	Time of deemed receipt
	Local mail or courier	24 hours
	E-mail	on despatch
	Air courier/Speedpost	3 days
	Airmail	7 days

 

    11 

     

    

 

		14.4	The initial addresses and e-mail addresses of the Parties for the service of communications, the
person for whose attention such communications are to be marked and the person to whom a communication is to be copied are as follows:

  

If to the Vendor:

 

	
        Address 
	:	Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH96960
	Attention	:	Lo Kui Hang

 

If to the Purchaser:

 

	Address	:	Vistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahé, Republic of Seychelles
	Attention	:	Vicky Lau

  

		14.5	A communication served in accordance with this Clause 14 shall be deemed sufficiently served and
in proving service and/or receipt of a communication it shall be sufficient to prove that such communication was left at the addressee’s
address or that the envelope containing such communication was properly addressed and posted or despatched to the addressee’s
address. In the case of communication by e-mail, such communication shall be deemed properly transmitted upon the receipt of the
sent confirmation by the e-mail account of the sender.

 

		14.6	Nothing in this Clause shall preclude the service of communication or the proof of such service
by any mode permitted by law.

 

		15.	COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts, and this has the same effect as if the execution on the counterparts were on a single copy of this
Agreement.

 

		16.	LAW AND JURISDICTION

 

		16.1	This Agreement shall be governed by and construed in accordance with the laws of Hong Kong.

 

		16.2	All claims or disputes arising out of or in connection with this
Agreement, including any dispute as to its existence, validity, termination, or enforceability
thereof, and any dispute relating to any non-contractual obligations arising out of or in connection with it (for the purpose of
this Clause, a “Dispute”) shall be notified in writing to the other Party. The notification must set out brief
details of the nature of the Dispute. In case of a Dispute, the Parties shall use all their reasonable efforts to reach an amicable
settlement within thirty (30) days following the above-mentioned notification. If the Parties fail to reach such an amicable settlement
within the said thirty-day period, any Party to that Dispute may refer the dispute to arbitration administered by the HKIAC in
accordance with the HKIAC Administered Arbitration Rules in force at that time. The seat of arbitration shall be in Hong Kong.
The Parties to the arbitration shall jointly appoint a single arbitrator and the award rendered by that arbitrator shall be final
and binding on them. If the Parties are unable to agree to the appointment of the arbitrator, then any Party to the Dispute may
refer the matter to the HKIAC for nomination of an arbitrator for such purpose. Judgment upon the arbitration award may be rendered
in any court of competent jurisdiction or application may be made to such court for a judicial acceptance of the award and an order
of enforcement, as the case may be.

 

    12 

     

    

 

IN WITNESS whereof this Agreement
has been duly executed on the date first above written.

 

VENDOR

 

	SIGNED by Lo Kui Hang	)
	for and on behalf of VAGAS LANE LIMITED	)
	in the presence of :  	)

 

PURCHASER

 

	SIGNED by Lau Pui Kiu	)
	for and on behalf of	)
	Giant Connection Limited (巨人網絡有限公司)	)
	in the presence of :	)

 

    13 

     

    

 

SCHEDULE
1

PARTICULARS OF THE COMPANY

 

 

	
        1.

         
	
        Company name

         
	:	11 Hau Fook Street Limited
	2.	Company number	:	1325046
	 	 	 	 
	3.	Date of incorporation	:	25th March 2009
	 	 	 	 
	4.	Place of incorporation	:	Hong Kong
	 	 	 	 
	5.	Address of registered office	:	Flat A, 19/F, First Asia Tower, 8 Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong
	 	 	 	 
	6.	Issued share capital	:	HK$9,062,573 divided into 9,062,573 issued and fully paid shares
	 	 	 	 
	7.	
        Shareholder (number of shares and shareholding %)
	:	
        VAGAS LANE LIMITED (9,062,573
shares – 100%) 

	 	 	 	 
	8.	Director	:	Luk Lai Ching Kimmy

 

    14 

     

    

 

SCHEDULE
2

VENDOR WARRANTIES

 

		1.	General

 

		1.1	The contents of the Recitals of and Schedule 1 to this Agreement are true and accurate.

 

		1.2	All information given by the Vendor or his agents or professional advisers to the Purchaser or
its employees, agents or professional advisers relating to the business, activities, affairs, or assets or liabilities of the Company
was, when given, and is now true, accurate and complete in all respects.

 

		1.3	There are no material facts or circumstances, in relation to the assets, business or financial
condition of the Company which have not been exhaustively, expressly and fairly disclosed in writing to the Purchaser or its employees,
agents or professional advisers, and which, if disclosed, might reasonably have been expected to affect the decision of the Purchaser
to enter into this Agreement.

 

		1.4	The execution and performance of this Agreement will not conflict with or result in a breach of
or be a reason for the termination or variation of any agreement or obligation to which the Company is now a party or any of the
Company or its assets are or may be bound or affected or be in violation of any law, rule or regulation of any governmental, administrative
or regulatory body or any order, injunction or decree of any judicial, administrative, regulatory or governmental body affecting
the Company.

 

		2.	Organisation, Authority and Power

 

		2.1	The Company is a company duly incorporated and validly existing under the laws of Hong Kong. All
issued shares in the Company are duly authorised, validly issued and fully paid up and none of such shares (where applicable) has
been issued in violation of the memorandum and articles of association of the Company or the terms of any agreement by which the
Company or its shareholders were or are bound, if any.

 

		2.2	The Vendor has, on the date of this Agreement and on Completion, full and unfettered right, power
and authority to enter into this Agreement and assume all of their obligations hereunder and no further actions or proceedings
are necessary on their part in connection with the execution, delivery and performance by them of this Agreement.

 

		2.3	This Agreement constitutes valid and legally binding obligations on the part of the Vendor enforceable
in accordance with its terms.

 

		2.4	The Vendor is the legal and beneficial owners of the Sale Shares and is entitled to sell and transfer
the Sale Shares and pass the full legal and beneficial ownership thereof with all rights thereto to the Purchaser or its nominee
on the terms of this Agreement. The Sale Shares are issued and fully paid and is beneficially owned by the Vendor free from all
Encumbrances. The Sale Shares constitutes the 100% of the issued share capital of the Company.

 

		3.	Records and taxation

 

		3.1	The Company has duly made up all requisite books of account (reflecting in accordance with generally
accepted accounting principles for all the financial transactions of the Company), minutes books, registers and records in compliance
with all applicable laws and regulatory requirements and these and all other deeds and documents (properly stamped where necessary)
belonging to or which ought to be in its possession and its seal are in its possession.

 

    15 

     

    

 

		3.2	All the accounts, books, ledgers, financial and other records of whatsoever kind, of the Company
are in its possession, have been fully, properly and accurately kept and completed, do not contain any material inaccuracies or
discrepancies of any kind and give and reflect a true and fair view of its trading transactions, and its financial, contractual
and trading position.

 

		3.3	The Company has duly complied with its obligations to account to the relevant tax authorities and
all other authorities for all amounts for which it is or may become accountable in respect of Taxation relating to its business.

 

		3.4	All returns in connection with Taxation that should have been filed by the Company have been filed
correctly and on a proper basis in accordance with all applicable laws and regulatory requirements and there are no facts known
or which would on reasonable enquiry be known to the Company or the director which may give rise to any dispute or to any claim
for any Taxation or the deprivation of any relief or advantage that might have been available.

 

		3.5	The Company is not and does not expect to be involved in any dispute in relation to Taxation and
no authority concerned has investigated or indicated that it intends to investigate into the tax affairs of the Company nor are
there any circumstances of which the Vendor is aware which would cause any authority to investigate into the tax affairs of the
Company.

 

		3.6	The Company has no liability in respect of Taxation (whether actual or contingent) nor any liability
for interest, penalties or charges imposed in relation to any Taxation arising or deemed to arise in any accounting period ending
on or before the Accounts Date that is not provided for in full in the Accounts, and in particular, has no outstanding liability
for:

 

		(i)	Taxation in any part of the world assessable or payable by reference to any profit, gain, income
or distribution earned, received, paid, arising or deemed to arise on or at any time prior to the Accounts Date or in respect of
any period ending on or before the Accounts Date; or

 

		(ii)	purchase, value added, sales or other similar tax in any part of the world referable to transaction
effected on or before the Accounts Date,

 

that is not
provided for in the Accounts.

 

		3.7	Since the Accounts Date up to and inclusive of the Completion Date:

 

		(i)	the Company has not been involved in any transaction outside the ordinary course of business which
has given or may give rise to a liability to Taxation on the Company (or would have given or might give rise to such a liability
but for the availability of any relief, allowance, deduction or credit);

 

		(ii)	no accounting period or year of assessment of the Company has ended;

 

    16 

     

    

 

		(iii)	no disposal has taken place or other event occurred which will or may have the effect of crystallising
a liability to Taxation which should have been included in the provision for deferred Taxation contained in the Accounts if such
a disposal or other event had been planned or predicted at the date on which the Accounts were drawn up;

 

		(iv)	no payment has been made by the Company which will not be deductible for profits tax (or its equivalent)
purposes either in computing the profits of the Company or in computing the profits tax chargeable on the Company;

 

		(v)	no event has occurred with the result that the Company has or will become liable to pay or bear
a liability in respect of Taxation directly or primarily charged against, or attributable to, another person, firm or company;
and

 

		(vi)	the Company has not paid or become liable to pay any penalty in connection with any Taxation or
otherwise paid any Taxation after its due date for payment or become liable to pay any Taxation the due date for payment of which
has passed or will become prospectively liable to pay any Taxation the due date for payment of which will fall within 30 days after
the date of this Agreement.

 

		3.8	The Company has within the time limits prescribed by the relevant legislation duly paid all tax
(including provisional tax), made all returns, given all notices, supplied all other information required to be supplied to the
Inland Revenue Department and any other relevant governmental authority (including any governmental authority of a foreign jurisdiction)
and all such information was and remains complete and accurate in all material respects and all such returns and notices were and
remain complete and accurate in all material respects and were made on a proper basis and do not, nor, to the best of the knowledge,
information and belief of the Vendor, having made due and careful enquiry, are likely to, reveal any transactions which may be
the subject of any dispute with the Inland Revenue Department or other relevant authorities and the Company is not and has not
in the last six years been the subject of an Inland Revenue Department (or equivalent foreign tax authority) investigation or field
audit or other dispute regarding tax or duty recoverable from the Company or regarding the availability of any relief from Taxation
or duty to the Company and there are no facts known to the Vendor which are likely to cause such an investigation or audit to be
instituted or such a dispute to arise.

 

		3.9	The Company has duly submitted all claims and disclaimers which have been assumed to have been
made for the purpose of the Accounts.

 

		3.10	There are no material and/or unusual arrangements, agreements or undertakings, between the Company
and the Inland Revenue Department, or any foreign tax authorities, regarding or affecting the Taxation treatment of the Company.

 

		3.11	The Company has kept sufficient records in either English or Chinese:

 

		(i)	of its income and expenditure to enable the assessable profits of its trade, profession or business
to be readily ascertained in compliance with and for the period mentioned in Section 51C of the Inland Revenue Ordinance or other
similar legislation;

 

    17 

     

    

 

		(ii)	of the consideration, in money or money’s worth, payable or deemed to be payable to it, to
its order or for its benefit in respect of the right of use of its land or buildings or land and buildings to enable the assessable
value of its land or buildings or land and buildings to be readily ascertained in compliance with and for the period mentioned
in Section 57D of the Inland Revenue Ordinance.

 

		3.12	The Company has duly complied with all requirements to deduct or withhold Taxation from any payments
it has made and has accounted in full to the appropriate authorities for all amounts so deducted or withheld.

 

		4.	Corporate Status

 

		4.1	The Company has all requisite corporate power and authority to own its assets and to carry on its
business as currently conducted and is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction
where the ownership or operation of its assets or the conduct of its business requires such qualification.

 

		4.2	No events or omissions have occurred whereby the constitution, subsistence or corporate status
of the Company has been or is likely to be adversely affected.

 

		4.3	No order for the appointment of a liquidator has been made and as receiver has been appointed over
the whole or any part of the assets of the Company.

 

		4.4	No order has been made, or petition presented, or resolution passed for the winding up of the Company,
nor has any distress, execution or other process been levied in respect of the Company which remains undischarged; nor is there
any unfulfilled or unsatisfied judgment or court order outstanding against the Company.

 

		4.5	Save as contemplated under and this Agreement, as at the Completion Date, there are no pre-emptive
or other outstanding rights, options, warrants, conversion rights or agreements or commitments of any character relating to the
authorised and issued, unissued or treasury shares or equity interest of the Company and the Company has not issued any debt securities,
other securities, rights or obligations which are convertible into or exchangeable for, or giving any person a right to subscribe
for or acquire, capital or equity interest of the Company, and no such securities or obligations evidencing such rights are outstanding.

 

		4.6	The Company is duly incorporated, validly existing and in good standing under the laws of Hong
Kong and has all requisite corporate or similar power and authority to own and operate its properties and assets and to carry on
its business as presently conducted and is duly qualified to do business.

 

		5.	Accounts and Management Accounts

 

		5.1	The Accounts:

 

		(i)	have been prepared on a basis consistent with all previous balance sheets and profit and loss accounts
of the Company and in accordance with generally accepted accounting principles, standards and practice adopted in Hong Kong;

 

		(ii)	are true, complete and accurate in all material respects and in particular have made full provision
for all material liabilities or make proper provision for (or contain a note in accordance with good accounting practice adopted
in Hong Kong respecting) all material deferred or contingent liabilities (whether liquidated or unliquidated) at the date thereof
and have made adequate provision for bad and doubtful debts and for depreciation of the Company’s fixed assets having regard
to their original cost and estimated life;

 

    18 

     

    

 

		(iii)	give a true and fair view of the state of affairs and the financial position of the Company as
at the Accounts Date and of the results of the Company for the financial period ended on that date;

 

		(iv)	are not adversely affected by any unusual items which are not disclosed in the Accounts; and

 

		(v)	any slow moving, old, obsolescent or excessive stock has been written down appropriately in the
Accounts, any irrevocable work in progress has been wholly written off and the value attributed in the Accounts to the remaining
stock did not exceed the lower of cost and net realisable value at the Accounts Date and no part of such value is attributable
to stock which is unusable or unsaleable in the normal course of the Company’s business.

 

		5.2	The Company has no liability for Taxation of any kind, which has not been provided for in the Accounts.

 

		5.3	Due provision has been made in the Accounts for any capital commitment undertaken or authorised
at the Accounts Date as may be appropriate and for any bad or doubtful debt due and payable to the Company in its own right.

 

		5.4	The Company is not a member of any partnership or unincorporated company or association.

 

		5.5	Since the Accounts Date up to and inclusive of Completion Date:

 

		(i)	there has been no material adverse change in the financial position or business or prospects of
the Company and the Company has entered into transactions and incurred liabilities only in the ordinary course of business;

 

		(ii)	The Company has not declared, paid or made nor is proposing to declare, pay or make any dividend
or other distribution;

 

		(iii)	the business of the Company has been carried on in the ordinary and usual course and in the same
manner (including nature and scope) as in the past, no fixed asset or stock has been written up nor any debt written off and no
unusual or abnormal contract has been entered into by the Company; and

 

		(iv)	no asset of the Company has been acquired or disposed of on capital account, or has been agreed
to be acquired or disposed of, otherwise than in the ordinary course of business and the Company has not disposed of or parted
with possession of any of its property assets (including know how) or stock in trade or made any payments and no contract involving
expenditure by it on capital account has been entered into by the Company and no liability has been created or has otherwise arisen
(other than in the ordinary course of business as previously carried on).

 

    19 

     

    

 

		5.6	The Management Accounts have been properly compiled by the director of the Company on the basis
which is consistent with the accounting policies consistently applied and are accurate in all respects and show a true and fair
view of the state of affairs of the Company and of its results and profits for the financial period ending on the Management Accounts
Date and:

 

		(a)	depreciation of the fixed assets of the Company has been made at a rate sufficient to write down
the value of such assets to nil not later than the end of their useful working lives;

 

		(b)	the Management Accounts disclose and make full provision or reserve for all actual liabilities;

 

		(c)	the Management Accounts disclose and make proper provision or reserve for or note all contingent
liabilities, capital or burdensome commitments;

 

		(d)	the bases and policies of accounting of the Company (including depreciation) adopted for the purpose
of preparing the Management Accounts are the same as those adopted for the purpose of preparing the audited accounts of the Company
for each of the preceding accounting periods since the date of incorporation;

 

		(e)	the profits and losses of the Company shown in the Management Accounts and for the preceding accounting
periods have not in any material respect been affected by any unusual or exceptional item or by any other matter which has rendered
such profits or losses unusually high or low; and

 

		(f)	the accounts receivable shown in the Management Accounts have been collected or will in aggregate
realise the nominal amount thereof less any reserve for bad and doubtful debts included in the Management Accounts and none of
the amounts shown in the Management Accounts in respect of debtors is represented by debts which were then more than six (6) months
overdue for payment and none of the same has been released or settled for an amount less than that shown in the Management Accounts.
All such debts will be collectible in full within one hundred and eighty (180) days of the Completion Date subject to the Company
using all reasonable endeavours to collect the same.

 

		6.	Business, etc. 

 

		6.1	The Company has not given or permitted to be outstanding any powers of attorney or authority (expressed
or implied) to any party to enter into any contracts, commitments or transactions (other than the usual authority conferred on
its director in respect of the ordinary course of business) or pursuant to the banking facilities granted to the Company.

 

		6.2	The Company has not entered into any contracts, commitments or transactions other than on an arms-length
basis nor breached or defaulted under any contracts, commitments or transactions.

 

		6.3	There are no existing circumstances which indicate that as a result of the consummation of this
Agreement:

 

    20 

     

    

 

		(i)	the existing level of business of the Company may be substantially reduced; and

 

		(ii)	the Company will lose the benefit of any right or privilege which it enjoys.

 

		6.4	Compliance with the terms of this Agreement does not and will not :

 

		(i)	conflict with, or result in the breach of, or constitute a default under, any of the terms, conditions
or provisions of any agreement or instrument to which the Company is a party, or any provision of the memorandum or articles of
association or equivalent constitutive documents of the Company or any Encumbrance, lease, contract, order, judgment, award, injunction,
regulation or other restriction or obligation of any kind or character by which or to which any asset of the Company is bound or
subject;

 

		(ii)	relieve any person from any obligation to the Company (whether contractual or otherwise), or enable
any person to determine any obligation, or any right or benefit enjoyed by the Company, or to exercise any right, whether under
an agreement with, or otherwise in respect of, the Company;

 

		(iii)	result in the creation, imposition, crystallisation or enforcement of any Encumbrances whatsoever
on any of the assets of the Company; or

 

		(iv)	result in any present or future indebtedness of the Company becoming due, or capable of being declared
due and payable, prior to its stated maturity.

 

		6.5	The Company has, at all times, carried on its business and conducted its affairs in all respects
in accordance with its memorandum and articles of association or equivalent constitutive documents for the time being in force
and any other documents to which it is, or has been, a party.

 

		6.6	The Company is empowered and duly qualified to carry on business in all jurisdictions in which
it now carries on business.

 

		6.7	The Company is not a party to any undertaking or assurances given to any court or governmental
agency, which is still in force.

 

		6.8	The Company has conducted and is conducting its business in all respects in accordance with all
applicable laws and regulations, whether of Hong Kong or elsewhere.

 

		6.9	The Company is not in breach of any of the terms or conditions of any of the licences or consents;
the enforcement of this Agreement shall not, and there are no factors that might, in any way prejudice the continuation, or renewal,
of any of them.

 

		6.10	The Company is not a party to any contract, transaction, arrangement or liability which:

 

		(i)	is of an unusual or abnormal nature, or outside the ordinary and proper course of business; or

 

		(ii)	cannot readily be fulfilled or performed by it on time without undue, or unusual, expenditure of
money, effort or personnel.

 

    21 

     

    

 

		6.11	No notice, demand or claim of default under any agreement, instrument or arrangement to which the
Company is a party has been received by the Company and is outstanding against it and there is nothing whereby any such agreement,
instrument or arrangement may be prematurely terminated or rescinded by any other party.

 

		6.12	The Vendor is not aware of:

 

		(i)	any party to any agreement with, or under an obligation to, the Company who is in default under
it, being a default which would be material in the context of the Company’s financial position; and

 

		(ii)	any circumstances likely to give rise to such a default.

 

		6.13	Insofar as the Vendor is aware, the Company has not supplied services or products which are, or
were, or will become faulty or defective, or which do not comply in any material respect with any warranties or representations,
expressly or impliedly made by it, or with all applicable regulations and requirements.

 

		7.	Corporate Records and Procedures etc. 

 

		7.1	The copy of the memorandum and articles of association or the equivalent constitutive documents
of the Company delivered to the Purchaser is accurate, update and complete in all respects.

 

		7.2	No alteration has been made to the memorandum or articles of association or the equivalent constitutive
documents of the Company and no resolution of any kind of the shareholders of the Company has been passed (other than resolutions
relating to the business at annual general meetings which was not special business) without disclosure in writing to the Purchaser.

 

		7.3	The Company has fully and punctually observed and complied with its obligations under the relevant
companies legislations and the relevant statutes and all returns, particular resolutions and other documents (if any) required
to be filed have been properly and punctually filed.

 

		7.4	The register of members of the Company is and will at Completion be correct. There has been no
notice of any proceedings to rectify the register, and there are no circumstances which might lead to any application for rectification
of the register, nor will there be any such circumstances at or before Completion.

 

		8.	Director

 

Other than
the director set out in Schedule 1, the Company has no other director.

 

		9.	Landed Property

 

The landed
property owned by the Company is in the sole legal and beneficial ownership of the Company and is held by the Company subject to
a mortgage dated 12th May 2017 made by the Company in favour of United Overseas Bank Limited.

 

		10.	Dispute, Claims and Litigation

 

    22 

     

    

 

		10.1	Except for the litigation search results and their brief description as set out in Schedule 4 of
this Agreement, the Company is not engaged in any litigation, administrative, mediation or arbitration proceedings, as plaintiff
or defendant; there are no non-compliance, investigation, inquiry or enforcement proceedings pending or threatened, either by or
against the Company; and no circumstances exist which are likely to give rise to any litigation, administrative, mediation or arbitration
proceedings.

 

		10.2	There is no dispute with any revenue, or other official, department or other regulatory authority
in Hong Kong or elsewhere, in relation to the affairs of the Company, and the Company and the Vendor is not aware of any facts
which may give rise to any dispute.

 

		10.3	No order has been made, or petition presented, or resolution passed for the winding up of the Company;
nor has any distress, execution or other process been levied in respect of the Company which remains undischarged; nor is there
any unfulfilled or unsatisfied judgment or court order outstanding against the Company.

 

		10.4	The Company has conducted its business and dealt with its assets in all material respects in accordance
with all applicable legal and administrative requirements in any jurisdiction.

 

		10.5	The Company has not committed any criminal act or material breach of contract or statutory duty
or any tortious or other unlawful act.

 

		10.6	No unsatisfied judgment is outstanding against the Company.

 

		11.	Liabilities

 

		11.1	The Company does not have, as at the Accounts Date, any material liabilities or financial commitment
except as disclosed in the Accounts.

 

		11.2	All loans and payables incurred before Completion have been either waived or settled, save for
those as agreed between the Vendor and the Purchaser.

 

		12.	Agents

 

		12.1	There are in force no powers of attorney or any special authorities given by the Company other
than those given in the ordinary course of business.

 

		12.2	Other than in the ordinary course of business, the Company has not ever entered into an agreement
under which any person has been given representative or agency rights or powers.

 

		13.	Acquisition of the Consideration Shares

 

		13.1	The Vendor understands that the Consideration Shares are “restricted securities” and
have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) or any applicable
state securities law and are acquiring the Consideration Shares as principal for their own account and not with a view to or for
distributing or reselling the Consideration Shares or any part thereof in violation of the Securities Act, have no present intention
of distributing any of such Consideration Shares in violation of the Securities Act and have no direct or indirect arrangement
or understandings with any other persons to distribute or regarding the distribution of such Consideration Shares in violation
of the Securities Act. The Vendor understands that the Consideration Shares may only be disposed of in compliance with the Securities
Act. In connection with any transfer of the Consideration Shares other than pursuant to an effective registration statement, SGOCO
may require the transferor thereof to provide SGOCO with an opinion of counsel selected by the transferor and reasonably acceptable
to SGOCO, the form and substance of which opinion shall be reasonably satisfactory to SGOCO, to the effect that such transfer does
not require registration of such transferred Consideration Shares under the Securities Act.

 

    23 

     

    

 

		13.2	The Vendor hereby represents that he has satisfied himself as to the full observance of the laws
of his jurisdiction in connection with any invitation to subscribe for the Consideration Shares, including (i) the legal requirements
within his jurisdiction for the acquisition of the Consideration Shares, (ii) any foreign exchange restrictions applicable to such
purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences,
if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Consideration Shares. The Vendor’s
beneficial ownership of the Consideration Shares will not violate any applicable securities or other laws of the Vendor’s
jurisdiction.

 

		13.3	The Vendor, either alone or together with his representatives, have such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of the acquisition of the
Consideration Shares, and have so evaluated the merits and risks. The Vendor is able to bear the economic risk of the Consideration
Shares and, at the present time, are able to afford a complete loss of the Consideration Shares.

 

		13.4	The Vendor is not, to his knowledge, acquiring the Consideration Shares as a result of any advertisement,
article, notice or other communication regarding the Consideration Shares published in any newspaper, magazine or similar media
or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

 

		13.5	The Vendor acknowledges that he has had the opportunity to review any and all documents and has
been afforded (i) the opportunity to ask such questions as they have deemed necessary of, and to receive answers from, representatives
of SGOCO concerning the Consideration Shares; and (ii) access to information about SGOCO and its financial condition, results of
operations, business, properties, management and prospects sufficient to enable it to evaluate the transaction. The Vendor acknowledges
and agrees that SGOCO has not provided the Vendor with any information or advice with respect to the Consideration Shares nor is
such information or advice necessary or desired.

 

		13.6	Neither the Vendor nor any person acting on his behalf has engaged, nor will engage, in any directed
selling efforts to a U.S. Person (as defined in the Securities Act) with respect to the Consideration Shares and the Vendor and
any person acting on his behalf has complied and will comply with the “offering restrictions” requirements of Regulation
S. The transactions contemplated hereby have not been pre-arranged with a buyer located in the United States or with a U.S. Person,
and are not part of a plan or scheme to evade the registration requirements of the Securities Act. Neither the Vendor nor any person
acting on his behalf has undertaken or carried out any activity for the purpose of, or that could reasonably be expected to have
the effect of, conditioning the market in the United States, its territories or possessions, for any of the Consideration Shares.
The Vendor agrees not to cause any advertisement of the Consideration Shares to be published in any newspaper or periodical or
posted in any public place and not to issue any circular relating to the Consideration Shares, except such advertisements that
include the statements required by Regulation S, and only offshore and not in the U.S. or its territories, and only in compliance
with any local applicable securities laws.

 

    24 

     

    

 

		13.7	The Vendor understands that the Consideration Shares and any securities issued in respect of or
exchange for the Consideration Shares, may be notated with one or all of the following legends, as applicable:

 

“THIS SECURITY HAS NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.”

 

“THESE SECURITIES ARE BEING
OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE
SECURITIES ACT”) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES
ACT IN RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT. TRANSFER OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR
PURSUANT TO AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH
THE SECURITIES ACT.”

 

    25 

     

    

 

SCHEDULE
3

PURCHASER WARRANTIES

 

		1.	The Purchaser has, on the date of this Agreement and on Completion, full and unfettered right,
power and authority to enter into this Agreement and assume all of its obligations hereunder and no further actions or proceedings
are necessary on its part in connection with the execution, delivery and performance by it of this Agreement.

 

		2.	The Purchaser is a company duly incorporated and validly existing under the laws of Seychelles.

 

		3.	This Agreement constitutes valid and legally binding obligations on the part of the Purchaser enforceable
in accordance with its terms.

 

		4.	All information given by the Purchaser or its agents or professional advisers to the Vendor or
his employees, agents or professional advisers was, when given, and is now true, accurate and complete in all respects.

 

		5.	Subject to the fulfillment of the Conditions Precedent, all necessary consents, authorisations
and approvals of and all necessary registrations and filings with any governmental or regulatory agency or body required in Seychelles
for or in connection with this Agreement and the performance of the terms thereof have been obtained or made or will have been
obtained or made by Completion.

 

		6.	All the Consideration Shares to be issued and allotted by SGOCO to the Vendor will be duly authorised,
validly issued and fully paid up and none of such shares will be issued in violation of the memorandum and articles of association
of SGOCO or the terms of any agreement or laws and regulations by which SGOCO or its shareholders were or are bound, if any.

 

    26 

     

    

 

SCHEDULE
4

Litigation search resultS

 

	District Court – Civil Action
	Action No.	Filling Date	Parties	Nature	Amount
	DCCJ3164/2013	20/08/2013	
        Plaintiff:

        Excel Hero International Group
        Ltd

        梟雄國際集團有限公司

        

        

        Defendant:

        Robi, Isabel Lucia Leon

        [and]

        Ganal, Shahzad Marilou

        

        
	
        As at 20/08/2013 – Contract 合約

        

        

        As at 15/04/2014 – Notice of Appointment of Assessment
        of Damages
	HK$158,500.00
	District Court – Miscellaneous Proceedings
	Action No.	Filing Date	Parties	Nature	Amount
	DCMP1482/2015	04/06/2015	
        Plaintiff:

        Excel Hero International Group Ltd

        梟雄國際集團有限公司

        

        

        Defendant:

        Robi, Isabel Lucia Leon

        

        
	
        As at 04/06/2015 – Mortgage Action

        

        

        As at 08/09/2015 – Mortgage (O.88)
	Not Stated

 

	Lands Tribunal – Part IV Possession Application
	Case No.	Hearing Date	Parties	Offence/Nature
	LDPD1204/2011	22/06/2011	
        Applicant:

        梟雄國際集團有限公司

        Respondent:

        唐源樹
	As at 22/06/2011 - Call-over

  

    27

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