Document:

Exhibit 10.1

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT (the "Agreement"),
dated as of October 18, 2016 by and between Chess Supersite Corp., a Delaware corporation, with headquarters located at
1131A Leslie Street,, Toronto, Canada ONT M3C 3L8 (the "Company"), and Blackbridge Capital Growth Fund, LLC, a
Delaware limited liability company, with its address at 450 7th Ave, Suite 609 New York, NY 10123 (the "Buyer").

 

WHEREAS:

 

A.           Buyer
desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement up to
Four Million Dollars ($4,000,000.00) of the Company’s common stock (the "Securities" or “Shares”),
$0.0001 par value per share, of the Company (the "Common Stock"), upon the terms and subject to the limitations and conditions
set forth in this Agreement.

 

B.           The
Buyer wishes to purchase , upon the terms and conditions stated in this Agreement, such principal amount of Securities as is set
forth immediately below its name on the signature pages hereto; and

 

NOW THEREFORE, the Company and the Buyer
severally (and not jointly) hereby agree as follows:

 

1. Purchase and Sale of Securities.

 

a.           Purchase
of Securities, Draw Down. During the term of this Agreement, the Company may request a “Draw Down”, whereby the
Company shall deliver to Buyer written notice to purchase a certain dollar amount of shares of common stock (a “Draw Down
Amount”). In no event may any Draw Down Amount be in an amount that would result in the beneficial ownership of more than
9.99% of the outstanding stock of the Company by Buyer.

 

b.           Maximum
Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 or (ii)
200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied
by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw
Down Notice Date.

 

c.           Draw
Down Request Intervals. The Company may deliver its first Draw Down Notice to Buyer ten trading days from the effectiveness
of the Company’s S-1 Registration Statement, by which it shall register all shares underlying this Agreement. All subsequent
Draw Down Notices may be submitted to Buyer no sooner than the later of 1 day after the end of the Valuation Period from the preceding
Draw Down Notice or the date the Buyer sold all shares from the preceding Draw Down.

 

d.           Form
of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to 87% of the lowest trading price
during the Valuation Period. On the date that a Draw Down Notice is delivered to Purchaser, the Company shall deliver an estimated
amount of shares to Purchaser’s brokerage account equal to the investment amount indicated in the Draw Down Notice divided
by 87% of the lowest trading price in the ten trading days immediately prior to the date of the Draw Down Notice (the “Estimated
Shares”).

 

     

     

    

 

e.           Valuation
Period, Issuance of Additional Shares. The “Valuation Period” shall mean ten trading days, commencing on the first
trading day following delivery and clearing of the Draw Down Shares in Buyer’s brokerage account. If at the end of any Valuation
Period, the number of Estimated Shares delivered is greater than the shares issuable pursuant to a Draw Down, the Buyer shall return
to the Company the difference between the Estimated Shares and the actual number of shares issuable pursuant to the Draw Down.
However, if at any time during the Valuation Period, the number of Estimated Shares is less than the shares issuable under the
Draw Down, then the Company shall issue additional shares to Buyer equal to the difference.

 

f.            Commitment
Fee. Upon the execution of this Agreement, the Company shall issue to Buyer a Commitment Fee of a Convertible Promissory Note
in the amount of $140,000.00 (the “Note Commitment”). For the avoidance of doubt, all of the Commitment Note shall
be fully earned as of the Closing Date, regardless of whether any Draw Downs are issued by the Company or settled hereunder

 

g.           Closing
Date. The initial Closing Date shall be the date of execution of this Agreement, at which time the Commitment Fee shall become
due and payable, regardless of whether and Draw Downs are issued by the Company or settled hereunder. All Draw Downs shall be considered
subsequent Closing Dates.

 

h.           Term.
The Term of this Agreement shall expire Two Years from the date on which the Company’s S-1 Registration Statement becomes
effective.

 

i.            Registration
of Securities. Buyer shall have registration rights with respect to all Securities underlying this Agreement, which are issuable
upon the Draw Down of all $4,000,000.00 of the Company’s Common Stock. The Company shall file a Form S-1 Registration Statement
within eight (8) months of the execution of this Agreement, in order to register all Common Shares underlying this Agreement. If
such S-1 Registration Statement is not filed within eight (8) months of the execution of this Agreement, Buyer, in its sole discretion,
may terminate this Agreement. In addition, if the S-1 Registration Statement does not become effective within three (3) months
from its initial filing date, Buyer may, in its sole discretion, terminate this Agreement. There shall be no cost or expense on
behalf of Buyer related to the registration of the shares underlying this Agreement. The Company must ensure that the Registration
Statement, once effective, remains effective at all times, not subject to any actual or threatened stop order or suspension. If
the effectiveness of the Registration Statement lapses for any reason at any time, Buyer, in its sole discretion, may terminate
this Agreement. Irrespective of the Company filing a Form S-1, or such Form S-1 becoming effective, or any other provisions in
this Agreement, the Company is obligated to issue to Buyer the Commitment Fee pursuant to Section f. of this Agreement upon execution
of this Agreement.

 

     

     

    

 

2. Buyer's Representations and Warranties.
The Buyer represents and warrants to the Company that:

 

a.           Investment
Purpose. As of the date hereof, the Buyer is purchasing the Securities for its own account and not with a present view towards
the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act;
provided , however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum
or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration
statement or an exemption under the 1933 Act.

 

b.           Accredited
Investor Status. The Buyer is an "accredited investor" as that term is defined in Rule 501(a) of Regulation D (an
"Accredited Investor").

 

c.           Reliance
on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying upon the
truth and accuracy of, and the Buyer 's compliance with, the representations , warranties, agreements, acknowledgments and understandings
of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire
the Securities.

 

d.           Information.
The Buyer and its advisors, if any, have been , and for so long as the Securities remain outstanding will continue to be, furnished
with all materials relating to the business , finances and operations of the Company and materials relating to the offer and sale
of the Securities which have been requested by the Buyer or its advisors . The Buyer and its advisors, if any, have been, and for
so long as the Securities remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding
the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information
unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries
nor any other due diligence investigation conducted by Buyer or any of its advisors or representative s shall modify, amend or
affect Buyer 's right to rely on the Company's representations and warranties contained in Section 3 below. The Buyer understands
that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute
a breach of any of the Company's representations and warranties made herein.

 

e.           Governmental
Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency
has passed upon or made any recommendation or endorsement of the Securities.

 

     

     

    

 

f.            Transfer
or Re-sale. The Buyer understands that (i) the sale or re- sale of the Securities has not been, at the time of execution of
this Agreement, registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred
unless (a) the Securities are sold pursuant to an effective registration statement under the 1933 Act, (b) the Buyer shall have
delivered to the Company , at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary
for opinions of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold or transferred
pursuant to an exemption from such registration , which opinion shall be accepted by the Company , (c) the Securities are sold
or transferred to an "affiliate" (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) ("Rule
144")) of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and
who is an Accredited Investor, (d) the Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation
S under the 1933 Act (or a successor rule) ("Regulation S"), and the Buyer shall have delivered to the Company, at the
cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate
transactions, which opinion shall be accepted by the Company; (ii) any sale of such Securities made in reliance on Rule 144 may
be made only in accordance with the terms of said Rule and further, if said Rule is not applicable , any re-sale of such Securities
under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that
term is defined in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations
of the SEC thereunder ; and (iii) neither the Company nor any other person is under any obligation to register such Securities
under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder (in each
case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral
in connection with a bona fide margin account or other lending arrangement.

 

g.           Legends.
The Buyer understands that the Securities and, until such time as the Shares have been registered under the 1933 Act may be sold
pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then
be immediately sold, the Shares may bear a restrictive legend in substantially the following form (and a stop-transfer order may
be placed against transfer of the certificates for such Securities):

 

"NEITHER THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES."

 

The legend set forth above shall be removed
and the Company shall issue a certificate without such legend to the holder of any Security upon which it is stamped, if, unless
otherwise required by applicable state securities laws, (a) such Security is registered for sale under an effective registration
statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any restriction as to
the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides the Company with
an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions , to the effect
that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion shall be accepted
by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those represented by
a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any.
In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities
pursuant to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of
Default pursuant to Section 3.2 of the Securities.

 

     

     

    

 

h.           Authorization;
Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf
of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

i.            Residency.
The Buyer is a resident of the jurisdiction set forth immediately below the Buyer's name on the signature pages hereto.

 

3.          Representations
and Warranties of the Company.   The Company represents and warrants to
the Buyer that:

 

a.           Organization
and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate
and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted. Schedule 3(a) sets forth a list of all of the Subsidiaries of the Company and the jurisdiction in which each is
incorporated. The Company and each of its Subsidiaries is duly qualified as a foreign corporation to do business and is in good
standing in every jurisdiction in which its ownership or use of property or the nature of the business conducted by it makes such
qualification necessary except where the failure to be so qualified or in good standing would not have a Material Adverse Effect.
"Material Adverse Effect" means any material adverse effect on the business, operations, assets, financial condition
or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the
agreements or instruments to be entered into in connection herewith. "Subsidiaries" means any corporation or other organization,
whether incorporated or unincorporated , in which the Company owns, directly or indirectly , any equity or other ownership interest.

 

b.           Authorization;
Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the
Securities and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the
terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Securities by the Company and the consummation
by it of the transactions contemplated hereby and thereby have been duly authorized by the Company's Board of Directors and no
further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii) this Agreement
has been duly executed and delivered by the Company by its authorized representative, and such authorized representative is the
true and official representative with authority to sign this Agreement and the other documents executed in connection herewith
and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Securities,
each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company
in accordance with its terms.

 

     

     

    

 

c.           Capitalization. As of the date hereof,
the authorized capital stock of the Company consists of: (i) 100,000,000 shares of Common Stock, $0.0001 par value per share, of
which _________________ shares were issued and outstanding as of October 18, 2016. All of such outstanding shares of capital stock
are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the
Company are subject to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances
imposed through the actions or failure to act of the Company. As of the effective date of this Agreement, (i) there are no outstanding
options, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments
or rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable for any shares of capital
stock of the Company or any of its Subsidiaries, or arrangements by which the Company or any of its Subsidiaries is or may become
bound to issue additional shares of capital stock of the Company or any of its Subsidiaries, (ii) there are no agreements or arrangements
under which the Company or any of its Subsidiaries is obligated to register the sale of any of its or their securities under the
1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained in any security issued by the Company (or
in any agreement providing rights to security holders) that will be triggered by the issuance of the Securities. The Company has
furnished to the Buyer true and correct copies of the Company’s Certificate of Incorporation as in effect on the date hereof
("Certificate of Incorporation") , the Company's By-laws, as in effect on the date hereof (the "By-laws"),
and the terms of all securities convertible into or exercisable for Common Stock of the Company and the material rights of the
holders thereof in respect thereto. The Company shall provide the Buyer with a written update of this representation signed by
the Company’s Chief Executive on behalf of the Company as of the Closing Date.

 

d.           Issuance
of Shares.         The Shares are duly authorized and reserved for issuance and,
will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to
the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will
not impose personal liability upon the holder thereof.

 

e.           Acknowledgment
of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance
of the Shares. The Company further acknowledges that its obligation to issue the Shares in accordance with this Agreement, and
the issuance of such Shares is absolute and unconditional regardless of the dilutive effect that such issuance may have on the
ownership interests of other shareholders of the Company.

 

     

     

    

 

f.            No Conflicts.         The
execution, delivery and performance of this Agreement , the Securities by the Company and the consummation by the Company of the
transaction is contemplated hereby and thereby will not (i) conflict with or result in a violation of any provision of the Certificate
of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default
(or an event which with notice or lapse of time or both could become a default) under , or give to others any rights of termination
, amendment, acceleration or cancellation of, any agreement , indenture, patent, patent license or instrument to which the Company
or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company
or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations , amendments , accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). Neither the Company
nor any of its Subsidiaries is in violation of its Certificate of Incorporation , By-laws or other organizational documents and
neither the Company nor any of its Subsidiaries is in default (and no event has occurred which with notice or lapse of time or
both could put the Company or any of its Subsidiaries in default) under, and neither the Company nor any of its Subsidiaries has
taken any action or failed to take any action that would give to others any rights of termination, amendment, acceleration or cancellation
of, any agreement, indenture or instrument to which the Company or any of its Subsidiaries is a party or by which any property
or assets of the Company or any of its Subsidiaries is bound or affected , except for possible defaults as would not, individually
or in the aggregate, have a Material Adverse Effect. The businesses of the Company and its Subsidiaries, if any, are not being
conducted, and shall not be conducted so long as the Buyer owns any of the Securities, in violation of any law, ordinance or regulation
of any governmental entity. Except as specifically contemplated by this Agreement and as required under the 1933 Act and any applicable
state securities laws, the Company is not required to obtain any consent, authorization or order of, or make any filing or registration
with, any court, governmental agency, regulatory agency, self-regulatory organization or stock market or any third party in order
for it to execute, deliver or perform any of its obligations under this Agreement , the Securities in accordance with the terms
hereof or thereof or to issue and sell the Securities in accordance with the terms hereof and to issue the Shares. All consents,
authorizations , orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have
been obtained or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the Over-the
Counter Bulletin Board (the "OTCBB") and does not reasonably anticipate that the Common Stock will be delisted by the
OTCBB in the foreseeable future. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise
to any of the foregoing. If any Material Adverse Event takes place during the term of this Agreement, no Draw Down Notice may be
delivered by Company to Buyer, and Buyer may, in its sole discretion, terminate this Agreement. In addition, if a Material Adverse
Effect or Event occurs subsequent to a Draw Down Purchase Price being paid by Buyer, but prior to the sale of the Draw Down Shares,
Buyer, in its sole discretion, may be entitled to receive the immediate return of the Purchase Price funds.

 

     

     

    

 

g.           SEC
Documents; Financial Statements. The Company has, or once it becomes a public entity will, timely file all reports, schedules,
forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities
Exchange Act of 1934, as amended (the "1934 Act") (all of the foregoing filed prior to the date hereof and all exhibits
included therein and financial statements and schedules thereto and documents (other than exhibits to such documents) incorporated
by reference therein , being hereinafter referred to herein as the "SEC Documents"). Upon written request the Company
will deliver to the Buyer true and complete copies of the SEC Documents, except for such exhibits and incorporated documents. As
of their respective dates, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules
and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents , at the time
they were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to
be stated therein or necessary in order to make the statements therein , in light of the circumstances under which they were made,
not misleading. None of the statements made in any such SEC Documents is, or has been, required to be amended or updated under
applicable law (except for such statements as have been amended or updated in subsequent filings prior the date hereof). As of
their respective dates, the financial statements of the Company included in the SEC Documents complied as to form in all material
respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto. Such
financial statements have been prepared in accordance with United States generally accepted accounting principles, consistently
applied, during the periods involved and fairly present in all material respects the consolidated financial position of the Company
and its consolidated Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the
periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). Except as set forth in
the financial statements of the Company included in the SEC Documents, the Company has no liabilities, contingent or otherwise
, other than (i) liabilities incurred in the ordinary course of business subsequent to October 18, 2016, and (ii) obligations under
contracts and commitments incurred in the ordinary course of business and not required under generally accepted accounting principles
to be reflected in such financial statements, which, individually or in the aggregate, are not material to the financial condition
or operating results of the Company. The Company is subject to the reporting requirements of the 1934 Act.

 

h.           Absence
of Certain Changes. Since October 18, 2016, there have been no material adverse change and no material adverse development
in the assets, liabilities, business, properties, operations, financial condition, results of operations, prospects or 1934 Act
reporting status of the Company or any of its Subsidiaries.

 

i.            Absence
of Litigation. There is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board,
government agency, self-regulatory organization or body pending or, to the knowledge of the Company or any of its Subsidiaries,
threatened against or affecting the Company or any of its Subsidiaries, or their officers or directors in their capacity as such,
that could have a Material Adverse Effect. Schedule 3(i) contains a complete list and summary description of any pending or, to
the knowledge of the Company, threatened proceeding against or affecting the Company or any of its Subsidiaries, without regard
to whether it would have a Material Adverse Effect. The Company and its Subsidiaries are unaware of any facts or circumstances
which might give rise to any of the foregoing.

 

j.            Patents,
Copyrights, etc. The Company and each of its Subsidiaries owns or possesses the requisite licenses or rights to use all patents,
patent applications, patent rights, inventions, know-how , trade secrets, trademarks, trademark applications, service marks, service
names, trade names and copyrights ("Intellectual Property") necessary to enable it to conduct its business as now operated
(and, as presently contemplated to be operated in the future); there is no claim or action by any person pertaining to, or proceeding
pending, or to the Company's knowledge threatened, which challenges the right of the Company or of a Subsidiary with respect to
any Intellectual Property necessary to enable it to conduct its business as now operated (and, as presently contemplated to be
operated in the future); to the best of the Company's knowledge , the Company's or its Subsidiaries' current and intended products
, services and processes do not infringe on any Intellectual Property or other rights held by any person ; and the Company is unaware
of any facts or circumstances which might give rise to any of the foregoing. The Company and each of its Subsidiaries have taken
reasonable security measures to protect the secrecy, confidentiality and value of their Intellectual Property.

 

     

     

    

 

k.          No
Materially Adverse Contracts, Etc. Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or
other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company's officers has
or is expected in the future to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries is a party to any
contract or agreement which in the judgment of the Company's officers has or is expected to have a Material Adverse Effect.

 

l.            Tax
Status. The Company and each of its Subsidiaries has made or filed all federal, state and foreign income and all other tax
returns , reports and declarations required by any jurisdiction to which it is subject (unless and only to the extent that the
Company and each of its Subsidiaries has set aside on its books provisions reasonably adequate for the payment of all unpaid and
unreported taxes) and has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined
to be due on such returns, reports and declarations , except those being contested in good faith and has set aside on its books
provisions reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns, reports
or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction,
and the officers of the Company know of no basis for any such claim. The Company has not executed a waiver with respect to the
statute of limitations relating to the assessment or collection of any foreign, federal, state or local tax. None of the Company's
tax returns is presently being audited by any taxing authority.

 

m.           CertainTransactions.  None
of the officers, directors, or employees of the Company is presently a party to any transaction with the Company or any of its
Subsidiaries (other than for services as employees, officers and directors), including any contract , agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring
payments to or from any officer, director or such employee or, to the knowledge of the Company , any corporation, partnership,
trust or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director,
trustee or partner. In addition, Company agrees that during the term of this Agreement, it shall not enter into a similar financing
arrangement with any other individual or entity.

 

n.           Disclosure. All information
relating to or concerning the Company or any of its Subsidiaries set forth in this Agreement and provided to the Buyer pursuant
to Section 2(d) hereof and otherwise in connection with the transactions contemplated hereby is true and correct in all material
respects and the Company has not omitted to state any material fact necessary in order to make the statements made herein or therein,
in light of the circumstances under which they were made, not misleading. No event or circumstance has occurred or exists with
respect to the Company or any of its Subsidiaries or its or their business, properties , prospects, operations or financial conditions,
which , under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been
so publicly announced or disclosed (assuming for this purpose that the Company’s reports filed under the 1934 Act are being
incorporated into an effective registration statement filed by the Company under the 1933 Act).

 

o.           Acknowledgment
Regarding Buyer’s Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the
capacity of arm's length purchasers with respect to this Agreement and the transactions contemplated hereby . The Company further
acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with
respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective
representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation
and is merely incidental to the Buyer ' purchase of the Securities. The Company further represents to the Buyer that the Company's
decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

 

     

     

    

 

p.           No
Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf , has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would
require registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities to the Buyer
will not be integrated with any other issuance of the Company's securities (past, current or future) for purposes of any shareholder
approval provisions applicable to the Company or its securities.

 

q.           No
Brokers. The Company has taken no action which would give rise to any claim by any person for brokerage commissions, transaction
fees or similar payments relating to this Agreement or the transactions contemplated hereby.

 

r.            Permits;
Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses,
permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its
properties and to carry on its business as it is now being conducted (collectively, the "Company Permits"), and there
is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company
Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company
Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be
expected to have a Material Adverse Effect. Since September 30, 2013, neither the Company nor any of its Subsidiaries has received
any notification with respect to possible conflicts, defaults or violations of applicable laws, except for notices relating to
possible conflicts, defaults or violations, which conflicts, defaults or violations would not have a Material Adverse Effect.

 

s.          Environmental
Matters.

 

(i)          There
are, to the Company's knowledge , with respect to the Company or any of its Subsidiaries or any predecessor of the Company,
no past or present violations of Environmental Laws (as defined below), releases of any material into the environment,
actions, actlv1t1es, circumstances, conditions, events, incidents, or contractual obligations which may give rise to any
common law environmental liability or any liability under the Comprehensive Environmental Response, Compensation and
Liability Act of 1980 or similar federal, state, local or foreign laws and neither the Company nor any of its
Subsidiaries has received any notice with respect to any of the foregoing, nor is any action pending or, to the Company's
knowledge, threatened in connection with any of the foregoing. The term "Environmental Laws" means all federal,
state, local or foreign laws relating to pollution or protection of human health or the environment (including, without
limitation, ambient air, surface water, groundwater, land surface or subsurface strata), including, without limitation, laws
relating to emissions, discharges, releases or threatened releases of chemicals, pollutants contaminants, or toxic or
hazardous substances or wastes (collectively, "Hazardous Materials") into the environment, or otherwise relating to
the manufacture, processing, distribution, use, treatment , storage, disposal, transport or handling of Hazardous Materials ,
as well as all authorizations, codes, decrees, demands or demand letters, injunctions, judgments , licenses, notices or
notice letters, orders, permits, plans or regulations issued, entered, promulgated or approved thereunder.

 

     

     

    

 

(ii)         Other than those that are or were stored, used
or disposed of in compliance with applicable law, no Hazardous Materials are contained on or about any real property currently
owned, leased or used by the Company or any of its Subsidiaries, and no Hazardous Materials were released on or about any real
property previously owned, leased or used by the Company or any of its Subsidiaries during the period the property was owned, leased
or used by the Company or any of its Subsidiaries, except in the normal course of the Company’s or any of its Subsidiaries'
business.

 

(iii)        There
are no underground storage tanks on or under any real property owned, leased or used by the Company or any of its Subsidiaries
that are not in compliance with applicable law.

 

t.            Title
to Property. The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and
marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries,
in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would
not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held
by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

 

u.           Insurance.
The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses
and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the
Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has any reason to believe that it will not
be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers
as may be necessary to continue its business at a cost that would not have a Material Adverse Effect. Upon written request the
Company will provide to the Buyer true and correct copies of all policies relating to directors' and officers' liability coverage,
errors and omissions coverage, and commercial general liability coverage.

 

v.           Internal
Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient,
in the judgment of the Company's board of directors, to provide reasonable assurance that (i) transactions are executed in accordance
with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial
statements in conformity with generally accepted accounting principles and to maintain asset accountability , (iii) access to assets
is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets
is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

 

w.          Foreign
Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director , officer, agent, employee or other person
acting on behalf of the Company or any Subsidiary has, in the course of his actions for, or on behalf of, the Company, used any
corporate funds for any unlawful contribution , gift, entertainment or other unlawful expenses relating to political activity;
made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; violated
or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or made any bribe, rebate, payoff
, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.

 

     

     

    

 

x.         Solvency.
The Company (after giving effect to the transactions contemplated by this Agreement) is solvent (i.e., its assets have a fair market
value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured)
and currently the Company has no information that would lead it to reasonably conclude that the Company would not, after giving
effect to the transaction contemplated by this Agreement, have the ability to, nor does it intend to take any action that would
impair its ability to, pay its debts from time to time incurred in connection therewith as such debts mature. The Company did not
receive a qualified opinion from its auditors with respect to its most recent fiscal year end and, after giving effect to the transactions
contemplated by this Agreement, does not anticipate or know of any basis upon which its auditors might issue a qualified opinion
in respect of its current fiscal year.

 

y.         No
Investment Company. The Company is not, and upon the issuance and sale of the Securities as contemplated by this Agreement
will not be an "investment company" required to be registered under the Investment Company Act of 1940 (an "Investment
Company"). The Company is not controlled by an Investment Company.

 

z.         Breach
of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth
in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement , it will be considered
an Event of default.

 

4.          Covenants.

 

a.           Best
Efforts. The parties shall use their best efforts to satisfy timely each of the conditions described in Section 6 and 7 of
this Agreement.

 

b.           Use
of Proceeds. The Company shall use the proceeds for general working capital purposes.

 

c.           Expenses.
At each Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation,
execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith ("Documents"),
including, without limitation, reasonable attorneys' and consultants' fees and expenses, transfer agent fees, fees for stock quotation
services, fees relating to any amendments or modifications of the Documents or any consents or waivers of provisions in the Documents,
fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions contemplated by the Documents.
When possible, the Company must pay these fees directly, otherwise the Company must make immediate payment for reimbursement to
the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice by the Buyer.
In respect of this Transaction, the Company shall reimburse Buyer for Buyer's expenses at each Closing, which shall be listed in
the disbursement authorization and shall be included in the total funding amount.

 

     

     

    

 

d.           Financial
Information. Upon written request the Company agrees to send or make available the following reports to the Buyer until the
Buyer transfers, assigns, or sells all of the Securities: (i) within ten (10) days after the filing with the SEC, a copy of its
Annual Report on Form 10-K its Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K; (ii) within two (2) days after
release, copies of all press releases issued by the Company or any of its Subsidiaries; and (iii) contemporaneously with the making
available or giving to the shareholders of the Company, copies of any notices or other information the Company makes available
or gives to such shareholders.

 

e.           Listing.
The Company shall promptly secure the listing of the Shares upon each national securities exchange or automated quotation system,
if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as the Buyer owns
any of the Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all Shares
from time to time issuable upon future Closings. The Company will obtain and, so long as the Buyer owns any of the Securities,
maintain the listing and trading of its Common Stock on the OTCBB or any equivalent replacement quotation service, the Nasdaq National
Market ("Nasdaq"), the Nasdaq SmallCap Market ("Nasdaq SmallCap"), the New York Stock Exchange ("NYSE"),
or the American Stock Exchange ("AMEX") and will comply in all respects with the Company's reporting , filing and other
obligations under the bylaws or rules of the Financial Industry Regulatory Authority ("FINRA") and such exchanges, as
applicable. The Company shall promptly provide to the Buyer copies of any notices it receives from the OTCBB and any other exchanges
or quotation systems on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing
on such exchanges and quotation systems.

 

f.            Corporate
Existence. So long as the Buyer beneficially owns any Securities, the Company shall maintain its corporate existence and shall
not sell all or substantially all of the Company's assets, except in the event of a merger or consolidation or sale of all or substantially
all of the Company's assets, where the surviving or successor entity in such transaction (i) assumes the Company's obligations
hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation
whose Common Stock is listed for trading on the OTCBB or any equivalent replacement quotation service, Nasdaq , Nasdaq SmallCap,
NYSE or AMEX .

 

g.           No
Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances
that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the
Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision
applicable to the Company or its securities.

 

h.           Breach
of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies
available to the Buyer pursuant to this Agreement, it will be considered an event of default.

 

i.            Failure
to Comply with the 1934 Act.         So long as the Buyer beneficially owns the
Securities, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject
to the reporting requirements of the 1934 Act.

 

     

     

    

 

j.            Trading
Activities. Neither the Buyer nor its affiliates has an open short position in the common stock of the Company and the Buyer
agree that it shall not , and that it will cause its affiliates not to, engage in any short sales of or hedging transactions with
respect to the common stock of the Company.

 

k.          Transfer
Agent Instructions. The Company shall issue irrevocable instructions to its transfer agent to issue certificates, registered
in the name of the Buyer or its nominee, for the Shares in such amounts as specified from time to time by the Buyer to the Company
(the "Irrevocable Transfer Agent Instructions"). In the event that the Borrower proposes to replace its transfer agent,
the Borrower shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions
in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably
reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower. The
Company warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section 5,
and stop transfer instructions to give effect to Section 2(f) hereof, will be given by the Company to its transfer agent and that
the Securities shall otherwise be freely transferable on the books and records of the Company as and to the extent provided in
this Agreement; (ii) it will not direct its transfer agent not to transfer or delay, impair, and/or hinder its transfer agent in
transferring (or issuing)(electronically or in certificated form) any certificate for Shares to be issued to the Buyer pursuant
to this Agreement; and (iii) it will not fail to remove (or directs its transfer agent not to remove or impairs, delays, and/or
hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof)
on any certificate for any Shares issued to the Buyer pursuant to this Agreement. Nothing in this Section shall affect in any way
the Buyer's obligations and agreement set forth in Section 2(g) hereof to comply with all applicable prospectus delivery requirements
, if any, upon re-sale of the Securities. If the Buyer provides the Company , at the cost of the Buyer, with (i) an opinion of
counsel in form, substance and scope customary for opinions in comparable transactions, to the effect that a public sale or transfer
of such Securities may be made without registration under the 1933 Act and such sale or transfer is effected or (ii) the Buyer
provides reasonable assurances that the Securities can be sold pursuant to Rule 144, the Company shall permit the transfer , promptly
instruct its transfer agent to issue one or more certificates, free from restrictive legend, in such name and in such denominations
as specified by the Buyer. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm
to the Buyer, by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly, the Company acknowledges
that the remedy at law for a breach of its obligations under this Section 5 may be inadequate and agrees, in the event of a breach
or threatened breach by the Company of the provisions of this Section, that the Buyer shall be entitled, in addition to all other
available remedies, to an injunction restraining any breach and requiring immediate transfer, without the necessity of showing
economic loss and without any bond or other security being required.

 

l.            Conditions
to the Company's Obligation to Sell. The obligation of the Company hereunder to issue and sell the Shares to the Buyer at each
Closing is subject to the satisfaction, at or before each Closing Date of each of the following conditions thereto, provided that
these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion:

 

     

     

    

 

i. The Buyer shall have executed this Agreement
and delivered the same to the Company.

 

ii. The Seller shall have requested a draw
down of an amount of Securities to be purchased.

 

iii. The Buyer shall have delivered the Purchase
Price upon the deposit of the shares in Buyer’s brokerage account.

 

iv. The representations and warranties of the
Buyer shall be true and correct in all material respects as of the date when made and as of each Closing Date as though made at
that time (except for representations and warranties that speak as of a specific date), and the Buyer shall have performed , satisfied
and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed,
satisfied or complied with by the Buyer at or prior to each Closing Date.

 

v. No litigation, statute, rule, regulation
, executive order, decree, ruling or injunction shall have been enacted, entered , promulgated or endorsed by or in any court or
governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated
hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

m.           Conditions
to The Buyer’s Obligation to Purchase. The obligation of the Buyer hereunder to purchase the Securities at each Closing
is subject to the satisfaction, at or before each Closing Date of each of the following conditions, provided that these conditions
are for the Buyer 's sole benefit and may be waived by the Buyer at any time in its sole discretion :

 

i. The Company shall have executed this Agreement
and delivered same to the Buyer.

 

ii. The Company shall have delivered to the
Buyer a draw down notice.

 

iii. The representations and warranties of the Company shall be true and correct in all material respects
as of the date when made and as of the Closing Date as though made at such time (except for representations and warranties that
speak as of a specific date) and the Company shall have performed , satisfied and complied in all material respects with the covenants,
agreements and conditions required by this Agreement to be performed , satisfied or complied with by the Company at or prior to
the Closing Date. The Buyer shall have received a certificate or certificates, executed by the chief executive officer of the Company
, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer
including , but not limited to certificate s with respect to the Company’s Certificate of Incorporation, By-laws and Board
of Directors' resolutions relating to the transactions contemplated hereby.

 

     

     

    

 

iv. No litigation , statute, rule, regulation
, executive order, decree, ruling or injunction shall have been enacted, entered , promulgated or endorsed by or in any court or
governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated
hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

v. No event shall have occurred which could
reasonably be expected to have a Material Adverse Effect on the Company including but not limited to a change in the 1934 Act reporting
status of the Company or the failure of the Company to be timely in its 1934 Act reporting obligations.

 

vi. The Shares shall have been authorized for
quotation on the OTCBB (or any equivalent replacement quotation service) and trading in the Common Stock on the OTCBB shall not
have been suspended by the SEC or the OTCBB.

 

vii. The Buyer shall have received an officer's
certificate described in Section 3(c) above, dated as of the initial Closing Date.

 

5.           Governing
Law; Miscellaneous.

 

a.           Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall
be brought only in the state courts of New York or in the federal courts located in the state of New York. The parties to this
Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and Buyer waive trial
by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the
event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party
hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in
connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and
agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

b.           Counterparts.   This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party.

 

c.           Headings.
The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation
of, this Agreement.

 

     

     

    

 

d.           Severability.
In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof .

 

e.           Entire
Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company
nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f.            Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail , registered or certified
, return receipt requested , postage prepaid , (iii) delivered by reputable air courier service with charges prepaid , or (iv)
transmitted by hand delivery , telegram, or facsimile, addressed as set forth below or to such other address as such party shall
have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine , at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing , whichever shall first
occur. The addresses for such communications shall be :

 

If to the Company, to:

 

Chess Supersite Corp.

1131A Leslie Street,

Toronto, Canada ONT M3C 3L8

 

If to the Buyer:

 

Blackbridge Capital Growth Fund, LLC

______________________

______________________

______________________

 

Each party shall provide notice to the other
party of any change in address.

 

     

     

    

 

g.           Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.
Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, subject to Section 2(f), the Buyer may assign its rights hereunder to any
person that purchases Securities in a private transaction from the Buyer or to any of its "affiliates," as that term
is defined under the 1934 Act, without the consent of the Company.

 

h.           Third
Party Beneficiaries.         This Agreement is intended for the benefit of the
parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof
be enforced by, any other person.

 

i.            Survival.
The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the
closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to
indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result
of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth
in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

j.            Publicity.
The Company, and the Buyer shall have the right to review a reasonable period of time before issuance of any press releases,
SEC, OTCBB or FINRA filings, or any other public statements with respect to the transactions contemplated hereby; provided , however
, that the Company shall be entitled, without the prior approval of the Buyer, to make any press release or SEC, OTCBB (or other
applicable trading market) or FINRA filings with respect to such transactions as is required by applicable law and regulations
(although the Buyer shall be consulted by the Company in connection with any such press release prior to its release and shall
be provided with a copy thereof and be given an opportunity to comment thereon).

 

k.          Further
Assurances. Each party shall do and perform , or cause to be done and performed, all such further acts and things , and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

l.            No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

m.           Remedies.
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by
the Company of the provisions of this Agreement, that the Buyer shall be entitled , in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned Buyer and
the Company have caused this Agreement to be duly executed as of the date first above written.

 

	Chess Supersite Corp.	 	 
	 	 	 
	By: Rubin Schindermann	 	 
	Title: CEO	 	 
	 	 	 
	Blackbridge Capital Growth Fund, LLC	 
	 	 	 
	 	 	 
	By: Alexander Dillon	 	 
	Title: Managing Partner	 	 

 

     

     

    

 

Attach Equity Purchase Agreement HereExhibit 10.2

 

NEITHER THIS NOTE NOR THE SECURITIES INTO
WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY
STATE SECURITIES LAWS AND NEITHER THIS NOTE NOR ANY INTEREST THEREIN NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE MAY
BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
ACT AND SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

 

CONVERTIBLE
PROMISSORY NOTE

 

	Principal Amount:  $25,000.00	Issue Date: October 18, 2016
	 	Maturity Date: July 18, 2017

 

For good and valuable consideration, Chess
Supersite Corp., a Delaware corporation (“Maker”), hereby makes and delivers this Promissory Note
(this “Note”) in favor of Blackbridge Capital Growth Fund LLC, or its assigns (“Holder”),
and hereby agrees as follows:

 

ARTICLE I.

PRINCIPAL AND INTEREST

 

Section 1.1           For
value received, Maker promises to pay to Holder at such place as Holder or its assigns may designate in writing, in currently
available funds of the United States, the principal Amount of Twenty Five Thousand Dollars ($25,000.00). Maker’s obligation
under this Note shall accrue interest at the rate of seven percent (7%) per annum from the date hereof until paid in full.
Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed. Accrual of interest
shall commence on the first business day to occur after the Issue Date and continue until payment in full of the Principal Amount
has been made or duly provided for.

 

Section 1.2

a.           All
payments shall be applied first to interest, then to principal and shall be credited to the Maker's account on the date that such
payment is physically received by the Holder.

 

b.           All
principal and accrued interest then outstanding shall be due and payable by the Maker to the Holder on or before July 18, 2017
(the “Maturity Date”).

 

c.           Maker
shall prepay all or part of the principal and interest of the Note with the following penalties:

 

    	 	1	 

     

    

 

	PREPAY DATE	 	PREPAY AMOUNT
	≤ 30 days	 	118% of principal plus accrued interest
	31- 60 days	 	124% of principal plus accrued interest
	61-90 days	 	130% of principal plus accrued interest
	91-120 days	 	136% of principal plus accrued interest
	121-150 days	 	142% of principal plus accrued interest
	151-180 days	 	148% of principal plus accrued interest

 

This Note may not be prepaid after the 180th
day. Such redemption must be closed and funded within 3 days of giving notice of redemption of the right to redeem shall be null
and void.

 

d.           This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Maker and will not impose personal liability upon the holder thereof.

 

Section 1.3           This
Note is issued solely for value received, paid by Holder to Maker by wire (“Consideration”). The Principal Amount
due to Holder shall be prorated based on the consideration actually paid by Holder to Maker, such that the Maker is only required
to repay the amount of consideration and the Maker is not required to repay any unfunded portion of this Note.

ARTICLE II.

CONVERSION RIGHTS; CONVERSION PRICE

 

Section 2.1           Conversion.
The Holder or its assigns shall have the right, from time to time, commencing on the Issuance Date of this Note, to convert any
part of the outstanding interest or Principal Amount of this Note into fully paid and non-assessable shares of Common Stock of
the Maker (the “Notice Shares”) at the Conversion Price determined as provided herein. Promptly after delivery to
Maker of a Notice of Conversion of Convertible Note in the forms attached hereto as Exhibit 1, or any other form provided
by the Holder, properly completed and duly executed by the Holder or its assigns (a “Conversion Notice”), the Maker
shall issue and deliver to or upon the order of the Holder that number of shares of Common Stock for the that portion of this
Note to be converted as shall be determined in accordance herewith.

 

No fraction of a share or scrip representing
a fraction of a share will be issued on conversion, but the number of shares issuable shall be rounded to the nearest whole share.
The date on which Notice of Conversion is given (the “Conversion Date”) shall be deemed to be the date on which the
Holder faxes, mails or emails the Notice of Conversion duly executed to the Maker. Certificates representing Common Stock upon
conversion will be delivered to the Holder within two (2) trading days from the date the Notice of Conversion is delivered to the
Maker. Delivery of shares upon conversion shall be made to the address specified by the Holder or its assigns in the Notice of
Conversion.

 

Section 2.2.   Conversion Price. Upon
any conversion of this Note, the Conversion Price shall equal Fifty-seven and one half Percent (57.5%) of the lowest Trading Price
(defined below) during the Valuation Period (defined below), and the Conversion Amount shall be the amount of principal or interest
electively converted in the Conversion Notice. The total number of shares due under any conversion notice (“Notice Shares”)
will be equal to the Conversion Amount divided by the Conversion Price.

 

    	 	2	 

     

    

 

On the date that a Conversion Notice is delivered
to Holder, the Company shall deliver an estimated number of shares (“Estimated Shares”) to Holder’s brokerage
account equal to the Conversion Amount divided by 57.5% of the Market Price. “Market Price” shall mean the lowest of
the daily Trading Price for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day
prior to the Conversion Date.

 

The “Valuation Period” shall mean
twenty (20) Trading Days, commencing on the first Trading Day following delivery and clearing of the Notice Shares in Holder’s
brokerage account, as reported by Holder (“Valuation Start Date”). If at any time, one or multiple times, during the
Valuation Period the number of Estimated Shares delivered to Holder is less than the Notice Shares, the company must immediately
deliver enough shares equal to the difference. A Conversion Amount will not be considered fully converted until the end of the
Valuation Period for that Conversion Amount.

 

In the event the Company experiences a DTC
“Chill” on its shares or the Company’s stock is NOT DWAC/FAST eligible, or the Company has a “Yield Sign”
on OTC Markets, at the time the Holder elects to convert the Note, the Conversion Price shall be decreased to 45% instead of 57.5%.

 

“Trading Price” means, for any
security as of any date, any trading price on the OTC Bulletin Board, or other applicable trading market (the “OTCBB”)
as reported by a reliable reporting service (“Reporting Service”) mutually acceptable to Maker and Holder (i.e. Bloomberg)
or, if the OTCBB is not the principal trading market for such security, the price of such security on the principal securities
exchange or trading market where such security is listed or traded. “Trading Day” shall mean any day on which the Common
Stock is tradable for any period on the OTCBB, or on the principal securities exchange or other securities market on which the
Common Stock is then being traded.

 

Section 2.3.          Reorganization,
Reclassification, Merger, Consolidation or Disposition of Assets. In case the Maker shall reorganize its capital, reclassify
its capital stock, consolidate or merge with or into another corporation (where the Maker is not the surviving corporation or where
there is a change in or distribution with respect to the Common Stock of the Maker), or sell, transfer or otherwise dispose of
all or substantially all its property, assets or business to another corporation and, pursuant to the terms of such reorganization,
reclassification, merger, consolidation or disposition of assets, shares of common stock of the successor or acquiring corporation,
or any cash, shares of stock or other securities or property of any nature whatsoever (including warrants or other subscription
or purchase rights) in addition to or in lieu of common stock of the successor or acquiring corporation (“Other Property”),
are to be received by or distributed to the holders of Common Stock of the Maker, then Holder shall have the right thereafter to
receive, upon conversion of this Note, the number of shares of common stock of the successor or acquiring corporation or of the
Maker, if it is the surviving corporation, and Other Property receivable upon or as a result of such reorganization, reclassification,
merger, consolidation or disposition of assets by a holder of the number of shares of Common Stock into which this Note is convertible
immediately prior to such event. In case of any such reorganization, reclassification, merger, consolidation or disposition of
assets, the successor or acquiring corporation (if other than the Maker) shall expressly assume the due and punctual observance
and performance of each and every covenant and condition of this Note to be performed and observed by the Maker and all the obligations
and liabilities hereunder, subject to such modifications as may be deemed appropriate (as determined in good faith by resolution
of the Board of Directors of the Maker) in order to provide for adjustments of the number of shares of common stock into which
this Note is convertible which shall be as nearly equivalent as practicable to the adjustments provided for in this Section 2.3(a).
For purposes of this Section 2.3(a), “common stock of the successor or acquiring corporation” shall include stock of
such corporation of any class which is not preferred as to dividends or assets over any other class of stock of such corporation
and which is not subject to redemption and shall also include any evidences of indebtedness, shares of stock or other securities
which are convertible into or exchangeable for any such stock, either immediately or upon the arrival of a specified date or the
happening of a specified event and any warrants or other rights to subscribe for or purchase any such stock. The foregoing provisions
of this Section 2.3(a) shall similarly apply to successive reorganizations, reclassifications, mergers, consolidations or disposition
of assets.

 

    	 	3	 

     

    

 

Section 2.4.   Restrictions on Securities.
This Note has been issued by the Maker pursuant to the exemption from registration under the Securities Act of 1933, as amended
(the “Act”). None of this Note or the shares of Common Stock issuable upon conversion of this Note may be offered,
sold or otherwise transferred unless (i) they first shall have been registered under the Act and applicable state securities laws
or (ii) the Maker shall have been furnished with an opinion of legal counsel (in form, substance and scope reasonably acceptable
to Maker) to the effect that such sale or transfer is exempt from the registration requirements of the Act. Each certificate for
shares of Common Stock issuable upon conversion of this Note that have not been so registered and that have not been sold pursuant
to an exemption that permits removal of the applicable legend, shall bear a legend substantially in the following form, as appropriate:

 

THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”). THE SECURITIES REPRESENTED HEREBY MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR SUCH OFFERS,
SALES AND TRANSFERS ARE MADE PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS.

 

Upon the request of a holder of a certificate
representing any shares of Common Stock issuable upon conversion of this Note, the Maker shall remove the foregoing legend from
the certificate or issue to such Holder a new certificate free of any transfer legend, if (a) with such request, the Maker shall
have received an opinion of counsel, reasonably satisfactory to the Maker in form, substance and scope, to the effect that any
such legend may be removed from such certificate or (b) a registration statement under the Act covering such securities is in effect.

 

    	 	4	 

     

    

 

Section 2.5.   Reservation of Common
Stock.

 

(a)          The
Maker covenants that during the period the Note is outstanding, it will reserve from its authorized and unissued Common Stock a
sufficient number of shares to provide for the issuance of Common Stock of the Maker upon the Conversion of the Note. The Maker
further covenants that its issuance of this Note shall constitute full authority to its officers who are charged with the duty
of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock of the Maker issuable
upon the conversion of this Note. The Maker will take all such reasonable action as may be necessary to assure that such shares
of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements
of the OTC Bulletin Board (or such other principal market upon which the Common Stock of the Maker may be listed or quoted).

 

(b)          The
Maker shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek
to avoid the observance or performance of any of the terms of this Note, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder
against impairment. Without limiting the generality of the foregoing, the Maker will (a) not increase the par value of any shares
of Common Stock issuable upon the conversion of this Note above the amount payable therefor upon such conversion immediately prior
to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Maker may validly
and legally issue fully paid and nonassessable shares of Common Stock upon the conversion of this Note, and (c) use its best efforts
to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be
necessary to enable the Maker to perform its obligations under this Note.

 

(c)          Upon
the request of Holder, the Maker will at any time during the period this Note is outstanding acknowledge in writing, in form reasonably
satisfactory to Holder, the continuing validity of this Note and the obligations of the Maker hereunder.

 

(d)          Before
taking any action which would cause an adjustment reducing the current Conversion Price below the then par value, if any, of the
shares of Common Stock issuable upon conversion of the Notes, the Maker shall take any corporate action which may be necessary
in order that the Maker may validly and legally issue fully paid and non-assessable shares of such Common Stock at such adjusted
Conversion Price.

 

(e)          Before
taking any action which would result in an adjustment in the number of shares of Common Stock into which this Note is convertible
or in the Conversion Price, the Maker shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be
necessary from any public regulatory body or bodies having jurisdiction thereof.

 

(f)          If
at any time the Maker does not have a sufficient number of authorized and available shares of Common Stock for issuance upon conversion
of the Note, then the Maker shall call and hold a special meeting of its stockholders within forty-five (45) days of that time
for the sole purpose of increasing the number of authorized shares of Common Stock.

 

    	 	5	 

     

    

 

Section 2.6.   Maximum
Conversion.

 

The Holder shall not be entitled to convert
on a Conversion Date that amount of the Notes in connection with that number of shares of Common Stock which would be in excess
of the Amount of (i) the number of shares of Common Stock beneficially owned by the Holder and its affiliates on Conversation Date,
and (ii) the number of shares of Common Stock issuable upon the conversion of the Notes with respect to which the determination
of this provision is being made on a Conversion Date, which would result in beneficial ownership by the Holder and its Affiliates
of more than 9.99% of the outstanding shares of Common Stock of the Company on such Conversion Date. For the purposes of the provision
to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.

 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES

 

Section 3.1. The Holder represents and warrants to the Maker:

 

(a)          The
Holder of this Note, by acceptance hereof, agrees that this Note is being acquired for investment and that such Holder will not
offer, sell or otherwise dispose of this Note or the Common Stock issuable upon conversion hereof except under circumstances that
will not result in a violation of the Act or any application state securities laws or similar laws relating to the sale of securities;

 

(b)          That
Holder understands that none of this Note or the Common Stock issuable upon conversion hereof have been registered under the Securities
Act of 1933, as amended (the “Act”), in reliance upon the exemptions from the registration provisions of the Act and
any continued reliance on such exemption is predicated on the representations of the Holder set forth herein;

 

(c)          Holder
(i) has adequate means of providing for his current needs and possible contingencies, (ii) has no need for liquidity in this investment,
(iii) is able to bear the substantial economic risks of an investment in this Note for an indefinite period, (iv) at the present
time, can afford a complete loss of such investment, and (v) does not have an overall commitment to investments which are not readily
marketable that is disproportionate to Holder’s net worth, and Holder’s investment in this Note will not cause such
overall commitment to become excessive;

 

(d)          Holder
is an “accredited investor” (as defined in Regulation D promulgated under the Act) and the Holder’s total
investment in this Note does not exceed 10% of the Holder’s net worth; and

 

(e)          Holder
recognizes that an investment in the Maker involves significant risks and only investors who can afford the loss of their entire
investment should consider investing in the Maker and this Note.

 

    	 	6	 

     

    

 

Section 3.2           The
Maker represents and warrants to Holder:

 

(a)          Organization
and Qualification. The Maker and each of its Subsidiaries (as defined below), if any, is a corporation duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate
and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted. The Maker and each of its Subsidiaries is duly qualified as a foreign corporation to do business and is in good
standing in every jurisdiction in which its ownership or use of property or the nature of the business conducted by it makes such
qualification necessary except where the failure to be so qualified or in good standing would not have a Material Adverse Effect.
“Material Adverse Effect” means any material adverse effect on the business, operations, assets, financial condition
or prospects of the Maker or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements
or instruments to be entered into in connection herewith. “Subsidiaries” means any corporation or other organization,
whether incorporated or unincorporated, in which the Maker owns, directly or indirectly, any equity or other ownership interest.

 

(b)          Authorization;
Enforcement. (i) The Maker has all requisite corporate power and authority to enter into and perform this Note and to consummate
the transactions contemplated hereby and thereby and to issue the Common Stock, in accordance with the terms hereof, (ii) the execution
and delivery of this Note by the Maker and the consummation by it of the transactions contemplated hereby and thereby (including
without limitation, the issuance of the Note and the issuance and reservation for issuance of the Common Stock issuable upon conversion
or exercise hereof) have been duly authorized by the Maker’s Board of Directors and no further consent or authorization of
the Maker, its Board of Directors, or its shareholders is required, (iii) this Note has been duly executed and delivered by the
Maker by its authorized representative, and such authorized representative is the true and official representative with authority
to sign this Note and the other documents executed in connection herewith and bind the Maker accordingly, and (iv) this Note constitutes,
a legal, valid and binding obligation of the Maker enforceable against the Maker in accordance with its terms.

 

(c)          Issuance
of Shares. The Notice Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with
its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances
with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the
Maker and will not impose personal liability upon the holder thereof.

 

(d)          Acknowledgment
of Dilution. The Maker understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance of
the Notice Shares upon conversion of this Note. The Maker further acknowledges that its obligation to issue Notice Shares upon
conversion of this Note is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership
interests of other shareholders of the Maker.

 

    	 	7	 

     

    

 

(e)          Acknowledgement
of Current Financial Statements. The Maker acknowledges that during the existence of this Note, it will not be late or delinquent
in filing its financial statements with the requisite reporting bodies.

 

ARTICLE IV.

EVENTS OF DEFAULT

 

Section 4.1.          Default.
The following events shall be defaults under this Note: (“Events of Default”):

 

(a)          default
in the due and punctual payment of all or any part of any payment of interest or the Principal Amount as and when such amount or
such part thereof shall become due and payable hereunder; or

 

(b)          failure
on the part of the Maker duly to observe or perform in all material respects any of the covenants or agreements on the part of
the Maker contained herein (other than those covered by clause (a) above) for a period of 5 business days after the date on which
written notice specifying such failure, stating that such notice is a “Notice of Default” hereunder and demanding that
the Maker remedy the same, shall have been given by the Holder by registered or certified mail, return receipt requested, to the
Maker; or

 

(c)          any
representation, warranty or statement of fact made by the Maker herein when made or deemed to have been made, false or misleading
in any material respect; provided, however, that such failure shall not result in an Event of Default to the extent
it is corrected by the Maker within a period of 5 business days after the date on which written notice specifying such failure,
stating that such notice is a “Notice of Default” hereunder and demanding that the Maker remedy same, shall have been
given by the Holder by registered or certified mail, return receipt requested; or

 

(d)          any
of the following actions by the Maker pursuant to or within the meaning title 11, U.S. Code or any similar federal or state law
for the relief of debtors (collectively, the “Bankruptcy Law”): (A) commencement of a voluntary case or proceeding,
(B) consent to the entry of an order for relief against it in an involuntary case or proceeding, (C) consents to the appointment
of a receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law (each, a “Custodian”), of
it or for all or substantially all of its property, (D) a general assignment for the benefit of its creditors, or (E) admission
in writing its inability to pay its debts as the same become due; or

 

(e)          entry
by a court of competent jurisdiction of an order or decree under any Bankruptcy Law that: (A) is for relief against the Maker in
an involuntary case, (B) appoints a Custodian of the Maker or for all or substantially all of the property of the Maker, or (C)
orders the liquidation of the Maker, and such order or decree remains unstayed and in effect for 60 days.

 

Section 4.2.          Remedies
Upon Default. Upon the occurrence of an event of default by Maker under this Note or at any time before default when the Holder
reasonably feels insecure, then, in addition to all other rights and remedies at law or in equity, Holder may exercise any one
or more of the following rights and remedies:

 

    	 	8	 

     

    

 

a.           Accelerate the time
for payment of all amounts payable under this Note by written notice thereof to Maker, whereupon all such amounts shall be immediately
due and payable.

 

b.           Pursue any other rights
or remedies available to Holder at law or in equity.

 

c.           The Holder shall receive
Liquidated Damages of $500 per day per Event of Default the Maker is in Default pursuant to this Note.

 

Section 4.3.   Payment
of Costs. The Maker shall reimburse the Holder, on demand, for any and all reasonable costs and expenses, including
reasonable attorneys’ fees and disbursement and court costs, incurred by the Holder in collecting or otherwise enforcing
this Note or in attempting to collect or enforce this Note.

 

Section 4.4.   Powers and Remedies
Cumulative; Delay or Omission Not Waiver of Default. No right or remedy herein conferred upon or reserved to the Holder is
intended to be exclusive of any other right or remedy available to Holder under applicable law, and every such right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. No delay or omission of the
Holder to exercise any right or power accruing upon any Default occurring and continuing as aforesaid shall impair any such right
or power or shall be construed to be a waiver of any such Default or an acquiescence therein; and every power and remedy given
by this Note or by law may be exercised from time to time, and as often as shall be deemed expedient, by the Holder.

 

Section 4.5.   Waiver of Past Defaults.
The Holder may waive any past default or Event of Default hereunder and its consequences but no such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent thereon.

 

Section 4.6.   Waiver of Presentment
etc. The Maker hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the
delivery, acceptance, performance and enforcement of this Note, except as specifically provided herein.

 

ARTICLE V.

MISCELLANEOUS

 

Section 5.1.   Notices. Any notice
herein required or permitted to be given shall be in writing and may be personally served or delivered by courier or sent by United
States mail and shall be deemed to have been given upon receipt if personally served (which shall include telephone line facsimile
transmission) or sent by courier or three (3) days after being deposited in the United States mail, certified, with postage pre-paid
and properly addressed, if sent by mail. For the purposes hereof, the address of the Holder shall be 450 7th Ave., Suite
609, New York, NY 10123; and the address of the Maker shall be 1131A Leslie Street, Suite 101, Toronto, ONT M3C 3L8 Canada . Both
the Holder or its assigns and the Maker may change the address for service by delivery of written notice to the other as herein
provided.

 

    	 	9	 

     

    

 

Section 5.2.   Amendment. This
Note and any provision hereof may be amended only by an instrument in writing signed by the Maker and the Holder.

 

Section 5.3.   Assignability. This
Note shall be binding upon the Maker and its successors and assigns and shall inure to be the benefit of the Holder and its successors
and assigns; provided, however, that so long as no Event of Default has occurred, this Note shall only be transferable in whole
subject to the restrictions contained in the restrictive legend on the first page of this Note.

 

Section 5.4.   Governing Law. This
Note shall be governed by the internal laws of the State of New York, without regard to conflicts of laws principles.

 

Section 5.5.   Replacement of Note.
The Maker covenants that upon receipt by the Maker of evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Note, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which
shall not include the posting of any bond), and upon surrender and cancellation of such Note, if mutilated, the Maker will make
and deliver a new Note of like tenor.

 

Section 5.6.   This Note shall not entitle
the Holder to any of the rights of a stockholder of the Maker, including without limitation, the right to vote, to receive dividends
and other distributions, or to receive any notice of, or to attend, meetings of stockholder or any other proceedings of the Maker,
unless and to the extent converted into shares of Common Stock in accordance with the terms hereof.

 

Section 5.7.   Severability. In
case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable,
such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and
the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired thereby.

 

Section 5.8.   Headings. The headings
of the sections of this Note are inserted for convenience only and do not affect the meaning of such section.

 

Section 5.9.   Counterparts. This
Note may be executed in multiple counterparts, each of which shall be an original, but all of which shall be deemed to constitute
one instrument.

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, with
the intent to be legally bound hereby, the Maker as executed this Note as of the date first written above.

 

	Chess Supersite Corp.	 
	 	 
	 	 
	By: Rubin Schindermann	 
	Its: CEO	 

 

	Acknowledged and Agreed:	 
	 	 
	Blackbridge Capital Growth Fund LLC.	 
	 	 
	 	 
	By:  Alexander Dillon	 
	Its:  Partner	 

 

    	 	11	 

     

    

 

EXHIBIT 1

 

CONVERSION NOTICE

 

 

 

(To be executed by the Holder in order to Convert
the Note)

 

TO:

 

The
undersigned hereby irrevocably elects to convert US$ ________ of the Principal Amount of the above Note into Shares of Common Stock
of Chess Supersite Corp., according to the conditions
stated therein, as of the Conversion Date written below. If shares are to be issued in the name of a person other than the undersigned,
the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions
as reasonably requested by the Maker in accordance therewith. No fee will be charged to the Holder for any conversion, except for
such transfer taxes, if any.

 

Conversion Date: ___________________________________________

 

Applicable Conversion Price: $____________

 

	Signature:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	 	 	 
	 	 	 
	Tax I.D. or Soc. Sec. No:	 	 

 

Principal Amount to be converted:

US$________________________________________

 

Amount of Note unconverted:

US$________________________________________

 

Number of shares of Common Stock to be issued: ________________________

 

    	 	12	 

     

    

 

Insert Checks / Proof of Wire Here

 

    	 	13	 

     

    

 

CORPORATE RESOLUTION OF THE 

BOARD OF DIRECTORS OF Chess
Supersite Corp. 

 

We, the undersigned, do hereby certify that
at a meeting of the Board of Directors of Chess Supersite Corp., a Delaware corporation organized under the laws of the State of
Delaware (the “Corporation”), duly held on October 18, 2016 at the offices of the Corporation, which said meeting no
less than two directors were present and voting throughout, the following resolution, upon motions made, seconded and carried,
was duly adopted and is now in full force and effect:

 

WHEREAS, the Board of Directors of the
Corporation deem it in the best interests of the Corporation to enter into the Convertible Promissory Note dated October 18, 2016
(the “Note”), in the aggregate principal amounts of $25,000.00 (the “Note”), convertible into shares of
common stock, par value $0.0001 per share, of the Company (the “Common Stock”), upon the terms and subject to the limitations
and conditions set forth in such Note, along with an irrevocable letter agreement with VStock Transfer LLC the Corporation’s
transfer agent, with respect to the reserve of shares of common stock of the Corporation to be issued upon any conversion of the
Note; the issuance of such shares of common stock in connection with a conversion of the Note; and the indemnification of VStock
Transfer LLC for all loss, liability, or expense in carrying out the authority and direction contained in the irrevocable letter
agreement (the “Letter Agreement”);

 

NOW, THEREFORE, BE IT:

 

RESOLVED, that the Corporation is hereby
authorized to enter into the Note and the Letter Agreement which provides in pertinent part: (i) reserve shares of common stock
of the Corporation to be issued upon any conversion of the Note; (ii) issue such shares of common stock in connection with a conversion
of the Note (issuance upon receipt of a notice of conversion of the holder of the Note) without any further action or confirmation
by the Corporation; (iii) hereby authorizes the issuance of such number of shares as will be necessary to fully convert the note
under its terms, including issuances subsequent to the initial conversion and/or those due under Section 2.2 of the Note, and any
such shares shall be considered fully paid and non-assessable at the time of their issuance and (iv) the Corporation indemnifies
VStock Transfer LLC, liability, or expense in carrying out the authority and direction contained in the Letter Agreement:

 

RESOLVED, that any executive officer
of the Corporation be, and hereby is, authorized, empowered and directed, from time to time, to take such additional action and
to execute, certify and deliver to the transfer agent of the Corporation, as any appropriate or proper to implement the provisions
of the foregoing resolutions:

 

The undersigned, do hereby certify that we are
members of the Board of Directors of the Corporation; that the attached is a true and correct copy of resolutions duly adopted
and ratified at a meeting of the Board of Directors of the Corporation duly convened and held in accordance with its by-laws and
the laws of the State of Delaware, as transcribed by us from the minutes; and that the same have not in any way been modified,
repealed or rescinded and are in full force and effect.

 

IN WITNESS WHEREOF, We have hereunto set our
hands as CEO and Members of the Board of Directors of the Corporation.

 

Dated: ________________

Members of the Board:

 

	 	 	 	 
	Title:	 	Title:	 
	 	 	 	 
	 	 	 	 
	Title:	 	Title:	 

 

    	 	14

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