Document:

CONVERTIBLE PROMISSORY NOTE

FOR
VALUE RECEIVED, RX Safes,
Inc., a Nevada
corporation (the “Issuer”
of this Security) with
at least 1,378,782
common shares issued and outstanding, issues this Security and promises to
pay to JMJ Financial, a Nevada sole proprietorship, or its Assignees (the “Investor”) the Principal Sum along with
the Interest Rate and any other fees according to the terms herein. This Note will become effective only upon execution by both
parties and delivery of the first payment of Consideration by the Investor (the “Effective
Date”).

The
Principal Sum is
up to $200,000
(two hundred thousand)
plus accrued and
unpaid interest and
any other fees.
The Consideration is

$180,000
(one hundred eighty thousand) payable by wire (there exists a $20,000 original issue discount (the “OID”)). The Investor
shall pay $25,000 of Consideration upon closing of this Note. The Investor may pay additional Consideration to the Issuer in such
amounts and at
such dates as
the Investor may
choose, however, the
Issuer has the
right to reject
any of those
payments within 24
hours of receipt of rejected payments. THE PRINCIPAL SUM DUE TO THE INVESTOR SHALL BE BASED ON THE CONSIDERATION ACTUALLY
PAID BY INVESTOR (PLUS AN APPROXIMATE 10% ORIGINAL ISSUE DISCOUNT THAT IS BASED ON THE CONSIDERATION ACTUALLY PAID BY THE INVESTOR
AS WELL AS ANY OTHER INTEREST OR FEES) SUCH THAT THE ISSUER IS ONLY REQUIRED TO REPAY THE AMOUNT FUNDED AND
THE

ISSUER
IS NOT REQUIRED TO REPAY ANY UNFUNDED PORTION OF THIS NOTE. The Maturity Date is two years from the Effective Date of each
payment (the “Maturity Date”) and is the date upon which the Principal Sum of this Note, as well as any unpaid interest
and other fees, shall be due and payable. The Conversion Price is 65% of the lowest trade price in the 25 trading days previous
to the conversion (In the case that conversion shares are not deliverable by DWAC an additional 5% discount will apply; and if
the shares are
ineligible for deposit
into the DTC
system and only
eligible for Xclearing
deposit an additional
5% discount shall
apply; in the case of both an additional cumulative 10% discount shall apply). Unless otherwise agreed in writing by both
parties, at no time will the Investor convert any amount of the Note into common stock that would result in the Investor owning
more than 4.99% of the common stock outstanding.

1.       
ZERO Percent Interest for the First Three Months. The Issuer may repay this Note at any time on or before
90 days from the Effective Date, after which the Issuer may not make further payments on this Note prior to the Maturity Date
without written approval from the Investor.
If the Issuer
repays a payment
of Consideration on
or before 90
days from the
Effective Date of
that payment, the Interest Rate on that payment of Consideration shall be
ZERO PERCENT (0%). If the Issuer does not repay a payment of Consideration on or before 90 days from its Effective Date, a
one-time Interest charge of 12% shall be applied to the Principal Sum. Any interest payable is in addition to the OID, and that
OID remains payable regardless of time and manner of payment by the Issuer.

2.       
Conversion. The Investor has the right, at any time after the Effective Date, at its election, to convert all or part of
the outstanding and unpaid Principal
Sum and accrued
interest (and any
other fees) into
shares of fully
paid and non-assessable
shares of common
stock of the Issuer
as per this
conversion formula: Number
of shares receivable
upon conversion equals
the dollar conversion
amount divided by the Conversion Price. Conversions may be delivered to the
Issuer by method of the Investor’s choice (including but not limited to email, facsimile, mail, overnight courier, or personal
delivery), and all conversions shall be cashless and not require further payment from the Investor. If no objection is delivered
from the Issuer to the Investor regarding any variable or calculation of the conversion notice within 24 hours of delivery of
the conversion notice, the Issuer shall have been thereafter deemed to have irrevocably confirmed and irrevocably ratified such
notice of conversion and waived any objection thereto. The Issuer shall deliver the shares from any conversion
to the Investor
(in any name
directed by the
Investor) within 3
(three) business days of
conversion notice delivery.

3.       
Conversion Delays. If the Issuer fails to deliver shares in accordance with the timeframe stated in Section 2, the Investor,
at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion
attributable to the unsold shares and
have the rescinded
conversion amount returned
to the Principal
Sum with the
rescinded conversion shares
returned to the Issuer
(under the Investor’s
and the Issuer’s
expectations that any
returned conversion amounts
will tack back
to the original
date of the Note). In addition, for each conversion, in the event that shares
are not delivered by the fourth business day (inclusive of the day of conversion), a
penalty of $2,000
per day will
be assessed for
each day after
the third business
day (inclusive of
the day of
the conversion) until share delivery is made; and such penalty will be added
to the Principal Sum of the Note (under the Investor’s and the Issuer’s expectations that any penalty amounts will
tack back to the original date of the Note).

4.       
Reservation of Shares. At all times during which this Note is convertible, the Issuer will reserve from its authorized
and unissued Common Stock to provide for the issuance of Common Stock upon the full conversion of this Note. The Issuer will at
all times reserve at least 250,000 shares of Common Stock for conversion.

		5.	This
                                         Section Intentionally Left Blank.

6.       
Terms of Future Financings. So long as this Note is outstanding, upon any issuance by the Issuer or any of its subsidiaries
of any security with any term more favorable to the holder of such security or with a term in favor of the holder of such security
that was not similarly provided to the Investor in this Note, then the Issuer shall
notify the Investor of such additional or more favorable term and such term, at the Investor’s option, shall become a part
of the transaction documents with the Investor. The types of terms contained in another security that may be more favorable to
the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods,
interest rates, original issue discounts, stock sale price, private placement price per share,
and warrant coverage.

7.       
Default. The following are events of default under this Note: (i) the Issuer shall fail to pay any principal under the
Note when due and payable (or payable by conversion) thereunder; or (ii) the Issuer shall fail to pay any interest or any other
amount under the Note when due and payable (or payable by conversion) thereunder;
or (iii) a receiver, trustee or other similar official shall be appointed over the Issuer or a material part of its assets and
such appointment shall remain uncontested for twenty (20) days or shall not be
dismissed

    	 		 

    	 

    

or
discharged within sixty
(60) days; or
(iv) the Issuer
shall become insolvent or
generally fails to
pay, or admits
in writing its
inability to pay, its
debts as they
become due, subject
to applicable grace
periods, if any;
or (v) the
Issuer shall make
a general assignment
for the benefit of
creditors; or (vi)
the Issuer shall
file a petition
for relief under
any bankruptcy, insolvency
or similar law (domestic
or foreign); or (vii) an involuntary proceeding shall be commenced or filed
against the Issuer; or (viii) the Issuer shall lose its status as “DTC Eligible”
or the Issuer’s shareholders shall
lose the ability to deposit (either electronically or
by physical certificates, or otherwise) shares into the DTC System; or (ix)
the Issuer shall become delinquent in its filing requirements as a fully-reporting
issuer registered with the SEC; or (x)
the Issuer shall
fail to meet
all requirements to
satisfy the availability
of Rule 144
to the Investor
or its assigns
including but not limited to timely fulfillment of its
filing requirements as a fully-reporting issuer registered with the SEC, requirements for XBRL filings, and requirements
for disclosure of financial statements on its website.

8.       
Remedies. In the event of any default, the outstanding principal amount of this Note, plus accrued but unpaid interest,
liquidated damages, fees and other amounts owing in respect thereof through the date of acceleration, shall become, at the Investor’s
election, immediately due and payable in cash at the Mandatory Default Amount. The Mandatory Default Amount means the greater
of (i) the outstanding principal amount of this Note, plus all accrued and unpaid interest, liquidated damages, fees and other
amounts hereon, divided by the Conversion Price on the date the Mandatory Default Amount is either demanded or paid in full, whichever
has a lower Conversion Price, multiplied by the VWAP on the date the Mandatory Default Amount is either demanded or paid in full,
whichever has a higher
VWAP, or (ii)
150% of the
outstanding principal amount
of this Note,
plus 100% of
accrued and unpaid
interest, liquidated damages, fees and other amounts hereon. Commencing five
(5) days after the occurrence of any event of default that results in the eventual
acceleration of this Note, the interest rate on this Note shall accrue at an interest rate equal to the lesser of 18% per annum
or the maximum rate
permitted under applicable
law. In connection
with such acceleration
described herein, the
Investor need not
provide, and the Issuer hereby waives, any presentment, demand, protest or other notice of any kind, and the Investor may
immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other
remedies available to it under applicable law. Such acceleration may be rescinded and annulled by the Investor at any time prior
to payment hereunder and the Investor shall have
all rights as
a holder of
the note until
such time, if
any, as the
Investor receives full
payment pursuant to
this Section

8.   
No such rescission
or annulment shall
affect any subsequent
event of default
or impair any
right consequent thereon.
Nothing herein shall limit the Investor’s right to pursue any other
remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive
relief with respect to the Issuer’s failure to timely deliver certificates representing shares of Common Stock upon conversion
of the Note as required pursuant to the terms hereof.

9.       
No Shorting. The
Investor agrees that
so long as
this Note from
the Issuer to
the Investor remains
outstanding, the Investor
will not enter into or effect “short sales” of the Common Stock
or hedging transaction which establishes a net short position with respect to the Common
Stock of the
Issuer. The Issuer
acknowledges and agrees
that upon delivery
of a conversion
notice by the
Investor, the
Investor immediately owns the shares of Common Stock described in the conversion notice and any sale of those shares issuable
under such conversion notice would not be considered short sales.

10.    
Assignability. The Issuer may not assign this Note. This Note will be binding upon the Issuer and its successors and will
inure to the benefit of
the Investor and its
successors and assigns
and may be
assigned by the
Investor to anyone without
the Issuer’s approval.

11.    
Governing Law. This Note will be governed by, and construed and enforced in accordance with, the laws of the State of Nevada,
without regard to
the conflict of
laws principles thereof.
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 Florida or in the federal courts located in Miami-Dade County,
in the State of Florida. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

12.    
Delivery of Process by the Investor to the Issuer. In the event of any action or proceeding by the Investor against the
Issuer, and only by the Investor against the Issuer, service of copies of summons and/or complaint and/or any other process which
may be served in any such action or proceeding may be made by the Investor via U.S. Mail, overnight delivery service such as FedEx
or UPS, email, fax, or process server, or by mailing or otherwise delivering a copy of such process to the Issuer at its last
known attorney as set forth in its most recent SEC filing.

13.    
Attorney Fees. If
any attorney is
employed by either
party with regard
to any legal
or equitable action,
arbitration or other
proceeding brought by such party for enforcement of this Note or because of an alleged dispute, breach, default or misrepresentation
in connection with any of the provisions of this Note, the prevailing party will be entitled to recover from the other party reasonable
attorneys' fees and other costs and expenses incurred, in addition to any other relief to which the prevailing party may be
entitled.

14.    
Opinion of Counsel. In the event that an opinion of counsel is needed for any matter related to this Note, the Investor
has the right to have any such opinion provided by its counsel. Investor also has the right to have any such opinion provided
by Issuer’s counsel.

15.    
Notices. Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally
served, sent by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at
the time of transmission if by facsimile or email, and if by overnight courier the business day after such notice is deposited
with the courier service for delivery.

 

***

    	 	2	 

    	 

    

 

 

 

 /s/ Lorraine Yarde

 

Lorraine
Yarde

RX
Safes, Inc

Chief Executive
Officer

 

Investor:

 

JMJ
Financial

Its
Principal

 

 

Date:
December 9, 2015 

 

Date:

 

    	 	3NEITHER THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE
CONVERTIBLE 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.

 

 

Principal
Amount: US$110,000Issue Date: December
16, 2015 Purchase Price: US$110,000

 

 

CONVERTIBLE PROMISSORY
NOTE

 

FOR
VALUE RECEIVED, RX SAFES, INC., a Nevada corporation (hereinafter called the “Borrower”), hereby promises
to pay to the order of AUCTUS FUND, LLC, a Delaware limited liability company, or registered assigns (the “Holder”)
the sum of US$110,000 together with any interest as set forth herein, on September 16, 2016 (the “Maturity Date”),
and to pay interest on the
unpaid principal balance
hereof at the
rate of eight
percent (8%) (the
“Interest Rate”) per annum from the date hereof (the “Issue
Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This
Note may not be prepaid in whole
or in part
except as otherwise
explicitly set forth
herein. Any amount
of principal or interest on this Note which is not paid when due shall bear
interest at the rate of twenty-four percent (24%)
per annum from
the due date
thereof until the
same is paid
(the “Default Interest”).
Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of a 360-day year and
the actual number of days elapsed. All payments due hereunder (to the
extent not converted
into common stock,
$0.001 par value
per share (the
“Common Stock”) in accordance with the terms hereof) shall be made
in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give
to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due
by the terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day
which is a business day and, in the case of any interest payment date which is not the date on which this Note is paid in full,
the extension of the due date thereof shall not be taken into account for purposes of determining the amount of interest due on
such date. As used in this Note, the term “business day” shall mean any
day other than a Saturday, Sunday or a day on which commercial banks in the city of New York, New
York are authorized
or required by
law or executive
order to remain
closed. Each capitalized

    	 	1	 

    	 

    

term
used herein, and
not otherwise defined,
shall have the
meaning ascribed thereto
in that certain Securities Purchase
Agreement dated the date hereof, pursuant to which this Note was originally issued (the “Purchase
Agreement”).

 

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 Borrower and will not impose personal liability upon the holder
thereof.

 

The following terms shall apply to this
Note:

 

ARTICLE I. CONVERSION
RIGHTS

 

1.1 
Conversion Right.
The Holder shall
have the right
from time to
time and at
any time during the
period beginning on
the date which
is one hundred
eighty (180) days
following the date of this Note and ending on the later of (i) the Maturity
Date and (ii) the date of payment of the Default Amount (as defined in Article III) pursuant to Section 1.6(a) or Article III,
each in respect of the
remaining outstanding principal
amount of this
Note to convert
all or any
part of the outstanding and unpaid
principal amount of this Note into fully paid and non-assessable shares of Common Stock,
as such Common
Stock exists on
the Issue Date,
or any shares
of capital stock
or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the Conversion
Price (as defined below) determined as provided herein (a “Conversion”); provided, however, that in no
event shall the Holder be entitled to convert any portion of
this Note in
excess of that
portion of this
Note upon conversion
of which the
sum of (1) the number of shares
of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially
owned through the ownership of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security
of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number
of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this
proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99%
of the outstanding
shares of Common
Stock. For purposes
of the proviso
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 (the “Exchange Act”), and Regulations 13D-G thereunder,
except as otherwise provided in clause (1)
of such proviso, provided, further, however, that
the limitations on
conversion may be
waived by the
Holder upon, at
the election of
the Holder, not less
than 61 days’
prior notice to
the Borrower, and
the provisions of
the conversion limitation shall
continue to apply
until such 61st
day (or such
later date, as
determined by the
Holder, as may be specified in
such notice of waiver). The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined
by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in
the notice of conversion, in the form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the Borrower
by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail
(or by other means resulting in, or reasonably expected to
result in, notice)
to the Borrower
before 6:00 p.m.,
New York, New
York time on
such conversion date (the “Conversion Date”). The term “Conversion Amount” means, with respect to
any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in

    	 	2	 

    	 

    

such conversion plus (2)
at the Holder’s option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this
Note to the Conversion Date, provided however, that the Borrower shall have the right to pay any or all interest in cash plus
(3) at the Holder’s option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses
(1) and/or (2)
plus (4) at
the Holder’s option,
any amounts owed
to the Holder
pursuant to Sections 1.3 and 1.4(g) hereof.

 

		1.2	Conversion Price.

 

(a)   
Calculation of Conversion Price. Subject to the adjustments described herein, and provided
that no Event of Default (as defined in Article III) has occurred, the conversion price (the “Conversion Price”) shall
equal the Variable Conversion Price (as defined herein) (subject
to equitable adjustments
for stock splits,
stock dividends or
rights offerings by
the Borrower relating to
the Borrower’s securities
or the securities
of any subsidiary
of the Borrower, combinations, recapitalization,
reclassifications, extraordinary distributions and similar events). The “Variable Conversion Price” shall mean 65%
multiplied by the Market Price (as defined herein) (representing a discount rate of 35%). “Market Price” means the
lowest Trading Price (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the latest
complete Trading Day
prior to the
Conversion Date. “Trading
Price” means, for
any security as of any date, the closing bid price on the Over-the-Counter
Bulletin Board (the “OTCBB”), OTCQB or applicable trading market as reported by a reliable reporting service (“Reporting
Service”) designated by the Holder or, if the OTCBB is not the principal trading market for such security, the closing bid
price of such security on the principal securities exchange or trading market where
such security is
listed or traded
or, if no
closing bid price
of such security
is available in any of the foregoing manners, the average of the closing bid
prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau,
Inc. To the extent the Conversion Price of the Borrower’s Common
Stock closes below the par value per share, the Borrower will take all steps
necessary to solicit the consent of the stockholders to reduce the par value to the lowest value possible under law. The Borrower
agrees to honor all conversions submitted pending this adjustment. If the shares of the Borrower’s Common Stock have not
been delivered within three (3) business days to the Borrower, the Notice of Conversion may be rescinded. At any time after the
Closing Date, if in the case that the Borrower’s Common Stock is not deliverable by DWAC (including if the Borrower’s
transfer agent has a policy prohibiting or limiting delivery of shares of the Borrower’s Common Stock specified in a Notice
of Conversion), an additional 5% discount will apply for all future conversions under all Notes. If in the
case that the
Borrower’s Common Stock
is “chilled” for
deposit into the
DTC system and
only eligible for clearing deposit, an additional 15% discount shall apply for all future conversions under all Notes while
the “chill” is in effect. If in the case of both of the above, an additional cumulative 20% discount shall apply. Additionally,
if the Company ceases to be a reporting company pursuant
to the 1934
Act or if
the Note cannot
be converted into
free trading shares
after six (6) months from the
Issue Date, an additional
15% discount will
be attributed to the
Conversion Price. If the Trading Price cannot be calculated for such security on such date in the manner provided above,
the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest
of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price
of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period

    	 	3	 

    	 

    

on the OTCBB, OTCQB or on
the principal securities exchange or other securities market on which the Common Stock is then being traded. The Borrower shall
be responsible for the fees of its transfer agent and all DTC fees associated with any such
issuance.

 

(b)  
Conversion Price During Major Announcements. Notwithstanding anything contained in
Section 1.2(a) to the contrary, in the event the Borrower (i) makes a public announcement that it intends to consolidate or merge
with any other corporation (other than a merger in which the Borrower is the surviving or continuing corporation and its capital
stock is unchanged) or sell
or transfer all
or substantially all
of the assets
of the Borrower
or (ii) any
person, group or entity (including the Borrower) publicly announces a tender offer to purchase 50% or more of the Borrower’s
Common Stock (or any other takeover scheme) (the date of the announcement referred to in clause (i) or (ii) is hereinafter referred
to as the “Announcement Date”), then the Conversion Price shall, effective upon the Announcement Date and continuing
through the Adjusted
Conversion Price Termination
Date (as defined
below), be equal
to the lower of (x) the Conversion
Price which would have been applicable for a Conversion occurring on the Announcement Date and (y) the Conversion Price that would
otherwise be in effect. From and after the Adjusted Conversion Price Termination Date, the Conversion Price shall be determined
as set forth in this Section 1.2(a). For purposes hereof, “Adjusted Conversion Price Termination Date” shall mean,
with respect to any proposed transaction or tender offer (or takeover scheme) for which a public announcement as contemplated by
this Section 1.2(b) has been made, the date upon which the Borrower (in the case of clause (i) above) or the person, group or entity
(in the case of clause (ii) above) consummates or publicly announces the termination or abandonment of the proposed transaction
or tender offer (or takeover scheme) which caused this Section 1.2(b) to become operative.

 

(c)               
Pro Rata Conversion; Disputes. In the
event of a dispute as to the number of shares
of Common Stock
issuable to the
Holder in connection
with a conversion
of this Note, the
Borrower shall issue
to the Holder
the number of
shares of Common
Stock not in
dispute and resolve such
dispute in accordance
with Section 4.13.

 

1.3 
Authorized Shares. The Borrower covenants that during the period the conversion
right exists, the
Borrower will reserve
from its authorized
and unissued Common
Stock a sufficient number
of shares, free
from preemptive rights,
to provide for
the issuance of
Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower
is required at
all times to
have authorized and
reserved three times
the number of
shares that is actually issuable upon full conversion of the Note (based on the Conversion Price of the Notes in effect
from time to time) (the “Reserved Amount”). The Reserved Amount shall be increased from time to time in accordance
with the Borrower’s obligations pursuant to Section 3(d) of the Purchase Agreement. The Borrower represents that upon issuance,
such shares will be duly and validly
issued, fully paid
and non-assessable. In
addition, if the
Borrower shall issue
any securities or make
any change to
its capital structure which
would change the
number of shares
of Common Stock into
which the Notes
shall be convertible
at the then
current Conversion Price,
the Borrower shall at
the same time
make proper provision
so that thereafter
there shall be
a sufficient number of shares of Common Stock authorized and reserved, free
from preemptive rights, for conversion of the outstanding Notes. The Borrower (i) acknowledges that it has irrevocably instructed
its transfer agent to issue certificates for the Common Stock issuable upon  conversion

    	 	4	 

    	 

    

of
this Note, and
(ii) agrees that
its issuance of
this Note shall
constitute full authority
to its officers and agents who
are charged with the duty of executing stock certificates to execute and issue the necessary
certificates for shares
of Common Stock
in accordance with
the terms and
conditions of this Note. Notwithstanding the foregoing, in no event shall the
Reserved Amount be lower than the initial Reserved Amount, regardless of any prior conversions.

 

If, at any time
the Borrower does not maintain or replenish the Reserved Amount within three
(3) business days
of the request
of the Holder
it will be
considered an Event
of Default under Section 3.2 of the Note.

 

		1.4	Method of Conversion.

 

(a)   
Mechanics of Conversion. Subject to Section 1.1, this Note may be converted by the
Holder in whole or in part at any time from time to time after the Issue Date, by

(A) submitting to the Borrower
a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on the Conversion Date prior
to 5:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note at the principal office of the
Borrower.

 

(b)  
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth
herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender
this Note to the Borrower unless the entire unpaid principal
amount of this
Note is so
converted. The Holder
and the Borrower
shall maintain records showing the principal amount so converted and the dates
of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require
physical surrender of this Note upon each such conversion. In the event of any dispute
or discrepancy, such records of the Borrower shall, prima facie, be controlling and determinative in the absence of manifest
error. Notwithstanding the foregoing, if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note
unless the Holder first physically surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver
upon the order of the Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer
taxes) may request, representing in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee,
by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of
a portion of this Note, the unpaid and unconverted principal amount of this Note represented
by this Note
may be less
than the amount
stated on the
face hereof.

 

(c)   
Payment of Taxes. The Borrower shall not be required to pay any tax which may be payable
in respect of any transfer involved in the issue and delivery of shares of Common Stock
or other securities
or property on
conversion of this
Note in a
name other than
that of the Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other
securities or property unless and until the person or persons (other than the Holder or the custodian in whose street name such
shares are to be held for the Holder’s account) requesting the
issuance thereof shall
have paid to
the Borrower the
amount of any
such tax or
shall have established to the satisfaction of the Borrower that such tax has been paid.

    	 	5	 

    	 

    

(d)  
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder
of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements
for conversion as provided in this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or
upon the order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after
such receipt (the “Deadline”) (and, solely in the case of conversion of
the entire unpaid
principal amount hereof,
surrender of this
Note) in accordance
with the terms hereof and the Purchase Agreement.

 

(e)   
Obligation of
Borrower to Deliver
Common Stock. Upon
receipt by the Borrower of a Notice
of Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding
principal amount and the amount of accrued and
unpaid interest on
this Note shall
be reduced to
reflect such conversion,
and, unless the Borrower defaults on its obligations under this Article I, all
rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common
Stock or other
securities, cash or
other assets, as
herein provided, on
such conversion. If
the Holder shall have
given a Notice
of Conversion as
provided herein, the
Borrower’s obligation to
issue and deliver the certificates for Common Stock shall be absolute and unconditional,
irrespective of the absence of any
action by the
Holder to enforce
the same, any
waiver or consent
with respect to
any provision thereof, the recovery of any judgment against any person or any action to enforce the same,
any failure or
delay in the enforcement
of any other obligation
of the Borrower
to the holder of record, or any
setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to
the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder
in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall be the Conversion Date so long
as the Notice of Conversion is received by the Borrower before 5:00 p.m., New York, New York time, on such date.

 

(f)   
Delivery of
Common Stock by
Electronic Transfer. In
lieu of delivering physical certificates
representing the Common Stock issuable upon conversion, provided the Borrower is participating in the Depository Trust Company
(“DTC”) Fast Automated Securities Transfer (“FAST”) program, upon request of the Holder and its compliance
with the provisions contained in Section
1.1 and in
this Section 1.4,
the Borrower shall
use its commercially
reasonable best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion
to the Holder
by crediting the
account of Holder’s
Prime Broker with
DTC through its Deposit Withdrawal
At Custodian (“DWAC”) system.

 

(g)              
DTC Eligibility.
If the Borrower
fails to maintain
its status as
“DTC Eligible” for any reason, the principal amount of the Note shall increase by Fifteen Thousand and No/100
United States Dollars ($15,000) (under Holder’s and Borrower’s expectation that any principal amount increase will
tack back to the Issue Date). In addition, the Variable Conversion Price shall be redefined to mean forty percent (40%) multiplied
by the Market Price, subject to adjustment as provided in this Note.

 

(h)  
Failure to Deliver Common Stock Prior to Delivery Deadline. Without in any way limiting
the Holder’s right to pursue other remedies, including actual damages and/or

    	 	6	 

    	 

    

equitable relief, the parties
agree that if delivery of the Common Stock issuable upon conversion of this Note is not delivered by the Deadline (other than a
failure due to the circumstances described in Section 1.3 above, which failure shall be governed by such Section) the Borrower
shall pay to
the Holder $1,000
per day in
cash, for each
day beyond the
Deadline that the
Borrower fails to deliver such Common Stock until the Borrower issues and delivers a certificate to the Holder or credit
the Holder's balance account with OTC for the number of shares of Common Stock to which the Holder is entitled upon such Holder's
conversion of any Conversion Amount (under Holder's and Borrower's expectation that any damages will tack back to the Issue Date)..
Such cash amount shall be paid to Holder by the fifth day of the month following the month in
which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month following
the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon
in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock in accordance
with the terms
of this Note.
The Borrower agrees
that the right
to convert is
a valuable right to the Holder. The damages resulting from a failure, attempt
to frustrate, interference with such conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge
that the liquidated damages provision contained in this Section 1.4(h) are justified.

 

(i)                
Rescindment of a Notice of Conversion. If (i) the Borrower fails to respond
to Holder within
one (1) business
day from the
Conversion Date confirming
the details of Notice of Conversion,
(ii) the Borrower fails to provide any of the shares of the Borrower’s Common Stock
requested in the
Notice of Conversion
within three (3)
business days from
the date of receipt of the Note of Conversion, (iii) the Holder is unable to
procure a legal opinion required to have the shares of the Borrower’s Common Stock issued unrestricted and/or deposited to
sell for any reason related to the Borrower’s standing, (iv) the Holder is unable to deposit the shares of the Borrower’s
Common Stock requested in the Notice of Conversion for any reason related to the Borrower’s
standing, (v) at any time after a missed Deadline, at the Holder’s sole discretion, or (vi) if OTC Markets changes the Borrower's
designation to ‘Limited Information’ (Yield), ‘No Information’ (Stop Sign), ‘Caveat Emptor’
(Skull & Crossbones), ‘OTC’, ‘Other OTC’ or ‘Grey Market’ (Exclamation Mark Sign) or other
trading restriction on the day of or any day after the Conversion Date, the Holder maintains the option and sole discretion to
rescind the Notice of Conversion (“Rescindment”) with a “Notice of Rescindment.”

 

1.5 
Concerning the
Shares. The shares
of Common Stock
issuable upon conversion of this
Note may not be sold or transferred unless the Borrower or its transfer agent shall have been furnished with an opinion of counsel
(which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect
that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration
or

(iii) such shares are sold or
transferred pursuant to Rule 144 under the Act (or a successor rule) (“Rule 144”) or (iv) such shares are transferred
to an “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only
in accordance with this Section

1.5 
and who is
an Accredited Investor
(as defined in
the Purchase Agreement).
Except as otherwise provided
in the Purchase
Agreement (and subject
to the removal
provisions set forth
below), until such time as the shares of Common Stock issuable upon conversion
of this Note have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to
the number of
securities as of
a particular date
that can then
be immediately sold,
each certificate

    	 	7	 

    	 

    

for shares of Common Stock
issuable upon conversion of this Note that has not been so included in an
effective registration statement
or that has
not been sold
pursuant to an
effective registration statement or an exemption that permits removal of the
legend, shall bear a legend substantially in the following form, as appropriate:

 

“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 Borrower shall issue to the Holder a new certificate therefore free of any transfer legend
if (i) the Borrower or its transfer agent shall have received 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 Common
Stock may be
made without registration
under the Act,
which opinion shall
be reasonably accepted by the Borrower so that the sale or transfer is effected
or (ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder
under an effective registration statement filed under the Act or otherwise may be sold pursuant to Rule
144 without any
restriction as to
the number of
securities as of
a particular date
that can then be immediately sold.
In the event that the Borrower 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 Note.

 

		1.6	Effect of Certain Events.

 

(a)   
Effect of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance
or disposition of all or substantially all of the assets of the Borrower, the effectuation by the Borrower of a transaction or
series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or the consolidation,
merger or other business combination of
the Borrower with
or into any
other Person (as
defined below) or
Persons when the Borrower is not the survivor shall be treated pursuant to Section 1.6(b)
hereof. “Person” shall mean
any individual, corporation,
limited liability company,
partnership, association, trust
or other entity or organization.

 

(b)  
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued
and outstanding and prior to conversion of all of the Notes, there shall be  any

    	 	8	 

    	 

    

merger,
consolidation, exchange of
shares, recapitalization, reorganization,
or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or
a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in
case of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of
complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of
this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock
immediately theretofore issuable
upon conversion, such
stock, securities or
assets which the Holder
would have been
entitled to receive
in such transaction
had this Note
been converted in
full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any
such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that
the provisions hereof (including, without limitation, provisions
for adjustment of
the Conversion Price
and of the
number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation
to any securities
or assets thereafter
deliverable upon the
conversion hereof. The Borrower
shall not affect
any transaction described
in this Section
1.6(b) unless (a)
it first gives,
to the extent practicable, thirty
(30) days prior written notice (but in any event at least fifteen (15) days prior written notice) of the record date of the special
meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange
of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder
shall be entitled
to convert this
Note) and (b)
the resulting successor
or acquiring entity (if not
the Borrower) assumes
by written instrument the
obligations of this
Section 1.6(b). The above provisions
shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

(c)   
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution
of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of
capital or otherwise (including any dividend or distribution to
the Borrower’s shareholders
in cash or
shares (or rights
to acquire shares)
of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”),
then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders
entitled to such
Distribution, to receive
the amount of
such assets which
would have been
payable to the Holder
with respect to
the shares of
Common Stock issuable
upon such conversion
had such Holder been the holder of such shares of Common Stock on the record
date for the determination of shareholders entitled to such Distribution.

 

 

(d)  
Notice of Adjustments. Upon the occurrence of each adjustment or readjustment of the
Conversion Price as a result of the events described in this Section 1.6, the Borrower, at
its expense, shall
promptly compute such
adjustment or readjustment
and prepare and furnish to the
Holder a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or
readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such Holder a like certificate
setting forth

(i) such adjustment or readjustment,
(ii) the Conversion Price at the time in effect and (iii) the number of shares of Common Stock and the amount, if any, of other
securities or property which at the time would be received upon conversion of the Note.

    	 	9	 

    	 

    

 

1.7 
Trading Market Limitations. Unless permitted by the applicable rules and regulations
of the principal
securities market on
which the Common
Stock is then
listed or traded, in
no event shall
the Borrower issue
upon conversion of
or otherwise pursuant
to this Note
and the other Notes
issued pursuant to
the Purchase Agreement
more than the
maximum number of
shares of Common Stock that the Borrower can issue pursuant to any rule of the principal United States securities market
on which the Common Stock is then traded (the “Maximum Share Amount”), which shall be 4.99% of the total shares outstanding
on the Closing Date (as defined in the Purchase Agreement), subject to equitable adjustment from time to time for stock splits,
stock dividends, combinations, capital
reorganizations and similar
events relating to
the Common Stock occurring after
the date hereof.

 

		1.8	Status as
Shareholder. Upon submission
of a Notice
of Conversion by
a Holder,

(i) the shares covered thereby
(other than the shares, if any, which cannot be issued because their issuance would exceed such Holder’s allocated portion
of the Reserved Amount or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the Holder’s
rights as a
Holder of such
converted portion of
this Note shall
cease and terminate,
excepting only the right to receive certificates for such shares of Common Stock
and to any remedies provided herein or otherwise
available at law
or in equity
to such Holder
because of a
failure by the
Borrower to comply with
the terms of
this Note. Notwithstanding
the foregoing, if
a Holder has
not received certificates for all shares of Common Stock prior to the tenth
(10th) business day after the expiration of the
Deadline with respect
to a conversion
of any portion
of this Note
for any reason, then (unless the
Holder otherwise elects to retain its status as a holder of Common Stock by so notifying the Borrower) the Holder shall regain
the rights of a Holder of this Note with respect to such unconverted portions
of this Note
and the Borrower
shall, as soon
as practicable, return
such unconverted Note to
the Holder or,
if the Note
has not been
surrendered, adjust its
records to reflect that such portion
of this Note has not been converted. In all cases, the Holder shall retain all of
its rights and remedies (including, without limitation, (i) the right to receive Conversion Default Payments pursuant to Section
1.3 to the extent required thereby for such Conversion Default and any subsequent Conversion Default and (ii) the right to have
the Conversion Price with respect to subsequent conversions determined in accordance with Section 1.3) for the Borrower’s
failure to convert this Note.

 

1.9 
Prepayment. Notwithstanding anything to the contrary contained in this Note, the Borrower
may prepay the amounts outstanding hereunder pursuant to the following terms and conditions:

 

(a)   
At any time during the period beginning on the Issue Date and ending on the date which is
sixty (60) days following the Issue Date, the Borrower shall have the right, exercisable on not less than three (3) Trading Days
prior written notice to the Holder of the Note to prepay
the outstanding Note
(principal and accrued
interest), in full
by making a
payment to the Holder of an amount
in cash equal to 125%, multiplied by the sum of: (w) the then outstanding principal amount
of this Note
plus (x) accrued
and unpaid interest
on the unpaid
principal amount of this Note plus (y) Default Interest, if
any.

 

(b)  
At any time
during the period
beginning the day
which is sixty
one (61) days following
the Issue Date
and ending on
the date which
is one hundred
twenty (120) days

    	 	10	 

    	 

    

following the Issue Date,
the Borrower shall have the right, exercisable on not less than three (3) Trading Days prior written notice to the Holder of the
Note to prepay the outstanding Note (principal and accrued interest), in full by making a payment to the Holder of an amount in
cash equal to 132.5%,
multiplied by the
sum of: (w)
the then outstanding
principal amount of
this Note plus (x) accrued and unpaid interest on the unpaid principal
amount of this Note plus (y) Default Interest, if any.

 

(c)   
At any time during the period beginning the day which is one hundred twenty
one (121) days
following the Issue
Date and ending
on the date
which is one
hundred eighty

(180)
days following the
Issue Date, the
Borrower shall have
the right, exercisable
on not less
than three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and
accrued interest), in full by making a payment to the Holder of an amount in cash equal to 140%, multiplied by the sum of: (w)
the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of
this Note plus (y) Default Interest, if any.

 

(d)  
After the
expiration of one
hundred eighty (180)
days following the
date of the Note, the Borrower shall have no right of prepayment.

 

Any notice of prepayment hereunder
(an “Optional Prepayment Notice”) shall be delivered to the Holder of
the Note at
its registered addresses
and shall state:
(1) that the
Borrower is exercising
its right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the
date of the Optional Prepayment Notice. On the date fixed for prepayment (the
“Optional Prepayment Date”),
the Borrower shall
make payment of
the applicable prepayment amount
to or upon
the order of
the Holder as
specified by the
Holder in writing
to the Borrower
at least one (1) business day prior to the Optional Prepayment Date. If the Borrower delivers an Optional
Prepayment Notice and
fails to pay
the applicable prepayment
amount due to
the Holder of the Note within two (2) business days following the Optional
Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section
1.9.

 

ARTICLE II. CERTAIN
COVENANTS

 

2.1        
Sale of Assets. So long as the Borrower shall have any obligation under this Note,
the Borrower shall
not, without the
Holder’s written consent,
sell, lease or
otherwise dispose of any significant portion of its assets outside the ordinary
course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of
disposition.

 

2.2        
Advances and Loans. So long as the Borrower shall have any obligation under this
Note, the Borrower
shall not, without
the Holder’s written
consent, lend money,
to any person, firm, joint venture
or corporation, including, without limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except
loans, credits or advances (a) in existence or committed on
the date hereof
and which the
Borrower has informed
Holder in writing
prior to the date hereof, (b)
made in the ordinary course of business or (c) not in excess of $100,000.

 

2.3        
Preservation of Existence, etc. The Borrower shall maintain and preserve, and cause
each of its Subsidiaries to maintain and preserve, its existence, rights and privileges, and become or remain, and cause each of
its Subsidiaries (other than dormant Subsidiaries that  have

    	 	11	 

    	 

    

no or minimum assets) to become
or remain, duly qualified and in good standing in each jurisdiction in which the character of the properties owned or leased by
it or in which the transaction of its business makes such qualification necessary.

 

2.4        
Non-circumvention. The Borrower hereby covenants and agrees that the Borrower will
not, by amendment of its Certificate or Articles of Incorporation or Bylaws, or through any reorganization, transfer of assets,
consolidation, merger, scheme of arrangement, 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, and
will at all
times in good
faith carry out all
the provisions of
this Note and
take all action
as may be
required to protect
the rights of
the Holder.

 

ARTICLE III. EVENTS OF
DEFAULT

 

If any of the following events of default (each, an “Event
of Default”) shall occur:

 

3.1        
Failure to Pay Principal or Interest. The Borrower fails to pay the principal hereof
or interest thereon when due on this Note, whether at maturity, upon acceleration or otherwise.

 

3.2        
Conversion and the Shares. The Borrower fails to issue shares of Common Stock
to the Holder
(or announces or
threatens in writing
that it will
not honor its
obligation to do so)
upon exercise by
the Holder of
the conversion rights
of the Holder
in accordance with
the terms of this Note, fails to transfer or cause its transfer agent to transfer
(issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion
of or otherwise pursuant to this Note as and when required by this Note, the Borrower
directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing) (electronically
or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise
pursuant to this Note as and when required by this Note, or fails 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 of Common Stock
issued to the
Holder upon conversion
of or otherwise
pursuant to this
Note as and when required by this
Note (or makes any written announcement, statement or threat that it does not intend
to honor the
obligations described in
this paragraph) and
any such failure
shall continue uncured (or
any written announcement,
statement or threat
not to honor
its obligations shall
not be rescinded in writing) for three (3) business days after the Holder shall
have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its obligations to its transfer
agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated due to a balance
owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances any funds to the Borrower’s
transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower to the Holder within 
forty eight

(48) hours of a demand from the
Holder.

    	 	12	 

    	 

    

3.3        
Failure to Deliver Transaction Expense Amount. The Borrower fails to deliver the Transaction
Expense Amount (as defined in the Purchase Agreement) to the Holder within three (3) business days of the date such amount is
due.

 

3.4        
Breach of Covenants. The Borrower breaches any material covenant or other material
term or condition contained in this Note and any collateral documents including but not limited to the Purchase Agreement and such
breach continues for a period of ten (10) days after written notice thereof to the Borrower from the
Holder.

 

3.5        
Breach of Representations and Warranties. Any representation or warranty of the Borrower
made herein or in any agreement, statement or certificate given in writing pursuant hereto
or in connection
herewith (including, without
limitation, the Purchase
Agreement), shall be false or misleading
in any material respect when made and the breach of which has (or with the passage of
time will have)
a material adverse
effect on the
rights of the
Holder with respect
to this Note or the Purchase Agreement.

 

3.6        
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment
for the benefit of creditors or commence proceedings for its dissolution, or apply for
or consent to
the appointment of
a receiver or
trustee for it
or for a
substantial part of
its property or business, or such a receiver or trustee shall otherwise be appointed for the Borrower or for a substantial
part of its property or business without its consent and shall not be discharged within sixty (60) days after such
appointment.

 

3.7        
Judgments. Any money judgment, writ or similar process shall be entered or filed against
the Borrower or any subsidiary of the Borrower or any of its property or other assets for
more than $100,000,
and shall remain
unvacated, unbonded or
unstayed for a
period of twenty

(20) days unless otherwise consented to by the Holder, which
consent will not be unreasonably withheld.

 

3.8        
Bankruptcy. Bankruptcy,
insolvency, reorganization or
liquidation proceedings or other
proceedings, voluntary or
involuntary, for relief
under any bankruptcy
law or any
law for the relief of debtors shall be instituted by or against the Borrower
or any subsidiary of the Borrower, or the
Borrower admits in
writing its inability
to pay its
debts generally as
they mature, or have
filed against it
an involuntary petition
for bankruptcy relief,
all under federal
or state laws as applicable or the
Borrower admits in writing its inability to pay its debts generally as they mature, or
have filed against
it an involuntary
petition for bankruptcy
relief, all under international,
federal or state laws as applicable.

 

3.9        
Delisting of Common Stock. The Borrower shall fail to maintain the listing of the
Common Stock on
at least one
of the OTCBB.
OTCQB or an
equivalent replacement exchange,
the Nasdaq National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the NYSE
MKT.

 

3.10                          
Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the
reporting requirements of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the
Exchange Act.

    	 	13	 

    	 

    

 

3.11                          
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial
portion of its business.

 

3.12                          
Cessation of Operations. Any cessation of operations by Borrower or Borrower admits
it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s
ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become
due.

 

3.13                          
Maintenance of Assets. The failure by Borrower to maintain any material intellectual
property rights, personal, real property or other assets which are necessary to conduct its business (whether now or in the future).

 

3.14                          
Financial Statement Restatement. The restatement of any financial statements filed
by the Borrower with the SEC for any date or period from two years prior to the Issue Date
of this Note
and until this
Note is no
longer outstanding, if
the result of
such restatement would, by comparison to the unrestated financial statement,
have constituted a material adverse effect on the rights of the Holder with respect to this Note or the Purchase
Agreement.

 

3.15                          
Replacement of Transfer Agent. In the event that the Borrower proposes to replace its
transfer agent, the Borrower fails to 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.

 

3.16                          
Cessation of Trading. Any cessation of trading of the Common Stock on at least one
of the OTCBB, OTCQB or an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq Small Cap Market, the New York
Stock Exchange, or the NYSE MKT, and such cessation
of trading shall
continue for a
period of five
consecutive (5) Trading
Days.

 

3.17                          
Cross-Default. Notwithstanding anything
to the contrary contained in this Note or the other related or companion documents, a breach or default by the Borrower of any
covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable notice and cure
or grace periods, shall, at the option of the Holder, be considered a default under this Note and the Other Agreements, in which
event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the terms of
this Note and the
Other Agreements by
reason of a
default under said
Other Agreement or
hereunder. “Other
Agreements” means, collectively, all agreements and instruments between, among or  by:

(1)  
the Borrower,
and, or for
the benefit of,
(2) the Holder
and any affiliate
of the Holder,
including, without limitation, promissory notes; provided, however, the term “Other Agreements” shall not include
the agreements and instruments defined as the Documents. Each of the loan transactions will
be cross-defaulted with
each other loan
transaction and with
all other existing
and future debt of Borrower to the
Holder.

    	 	14	 

    	 

    

3.18                          
Bid Price. The Borrower shall lose the “bid” price for its Common Stock
($0.0001 on the “Ask” with zero market makers on the “Bid” per Level 2) and/or a market (including the
OTCBB, OTCQB or an equivalent replacement exchange).

 

Upon the occurrence and during
the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof or
interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to
the Holder, in
full satisfaction of
its obligations hereunder,
an amount equal
to the Default
Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2,
THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS
HEREUNDER, AN AMOUNT EQUAL TO: (Y)
THE DEFAULT SUM
(AS DEFINED HEREIN);
MULTIPLIED BY (Z)
TWO

(2).
Upon the occurrence
and during the
continuation of any
Event of Default
specified in Sections

3.1 (solely with respect to failure
to pay the principal hereof or interest thereon when due on this Note upon
acceleration), 3.3, 3.4,
3.6, 3.8, 3.9,
3.11, 3.12, 3.13,
3.14, 3.15, 3.16.
3.17, and/or 3.18 exercisable
through the delivery of written notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence
of an Event of Default specified the remaining sections of Article III (other than failure to pay the principal hereof or interest
thereon at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower
shall pay to
the Holder, in
full satisfaction of
its obligations hereunder,
an amount equal to (i) 150% times
the sum of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the
unpaid principal amount of this Note to the date of payment (the “Mandatory
Prepayment Date”) plus
(y) Default Interest,
if any, on
the amounts referred
to in clauses (w)
and/or (x) plus
(z) any amounts
owed to the
Holder pursuant to
Sections 1.3 and
1.4(g) hereof (the then
outstanding principal amount of
this Note to
the date of
payment plus the
amounts referred to in clauses (x), (y) and (z) shall collectively be known as the “Default Sum”) or (ii) at
the option of the Holder, the “parity value” of the Default Sum to be prepaid, where parity value means
(a) the highest
number of shares
of Common Stock
issuable upon conversion
of or otherwise pursuant to such
Default Sum in accordance with Article I, treating the Trading Day immediately preceding the
Mandatory Prepayment Date
as the “Conversion
Date” for purposes
of determining the lowest applicable Conversion Price, unless the Default Event
arises as a result of a breach in respect of
a specific Conversion
Date in which
case such Conversion
Date shall be
the Conversion Date), multiplied by (b) the highest Trading Price for
the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to
the Mandatory Prepayment Date (the “Default Amount”) and all other amounts payable hereunder shall immediately become
due and payable, all without demand, presentment or notice, all of which hereby
are expressly waived,
together with all
costs, including, without
limitation, legal fees and expenses,
of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity. Further,
if a breach of Section 3.10 occurs or is continuing after the
six (6) month
anniversary of this
Note, then the
Holder shall be
entitled to use
the lowest Trading Price
during the delinquency
period as a
base price for
the conversion. For
example, if the lowest
Trading Price during
the delinquency period is
$0.01 per share
and the conversion
discount is 50%, then the Holder may elect to convert future conversions at $0.005 per
share.

    	 	15	 

    	 

    

If
the Borrower fails
to pay the
Default Amount within
five (5) business
days of written
notice that such amount is due and payable, then the Holder shall have the right
at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares),
to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common
Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect. This requirement by the Borrower
shall automatically apply upon the occurrence of an Event of Default without the need for any party to give any notice or take
any other action.

 

If the Holder shall commence an
action or proceeding to enforce any provisions of this Note, including, without limitation, engaging an attorney, then if the Holder
prevails in such action, the Holder shall be reimbursed by the Borrower for its attorneys' fees and other costs and expenses incurred
in the investigation, preparation and prosecution of such action or proceeding.

 

ARTICLE IV.
MISCELLANEOUS

 

4.1 
Failure or
Indulgence Not Waiver.
No failure or
delay on the
part of the
Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power
or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise
available.

 

4.2 
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 Borrower,
to: RX Safes, Inc.

170 Green Valley Parkway, Suite
300

Henderson, NV
89012 Attn: Lorraine Yarde

E-mail: Lorraine@rxsafes.com

    	 	16	 

    	 

    

With a copy by fax only to (which copy shall not
constitute notice):

 

Doney Law Firm

4955 S. Durango Drive, Suite 165 Las Vegas, NV
89113

Attn: Scott Doney,
Esq.

E-mail: scott@doneylawfirm.com

 

If to the
Holder:

 

Auctus Fund,
LLC

101 Arch Street, 20th
Floor Boston, MA 02110

Attn: Lou
Posner Facsimile: (617) 532-6420

With a copy by fax
only to (which copy shall not constitute notice): Lucosky Brookman LLP

101 Wood Avenue South, 5th Floor Woodbridge, NJ
08830

Attn: Joseph M. Lucosky,
Esq. Facsimile: (732) 395-4401

 

4.3 
Amendments. This Note and any provision hereof may only be amended by
an instrument in writing signed by the Borrower and the Holder. The term “Note” and all reference thereto,
as used throughout
this instrument, shall
mean this instrument
(and the other
Notes issued pursuant to
the Purchase Agreement)
as originally executed,
or if later
amended or supplemented, then as
so amended or supplemented.

 

4.4 
Assignability. This Note shall be binding upon the Borrower and its
successors and assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Each transferee
of this Note must be an “accredited investor” (as defined in Rule 501(a) of the 1933 Act).
Notwithstanding anything in
this Note to
the contrary, this
Note may be
pledged as collateral in connection
with a bona fide margin account or other lending arrangement. The Holder and any assignee,
by acceptance of
this Note, acknowledge
and agree that
following conversion of
a portion of this Note, the unpaid and unconverted principal amount of this
Note represented by this Note may be less than the amount stated on the face hereof.

 

4.5 
Cost of
Collection. If default
is made in
the payment of
this Note, the
Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys’
fees.

 

4.6 
Governing Law. This Note shall be governed by and construed in accordance with the
laws of the State of Nevada without regard to principles of conflicts of laws. Any action brought by either party against the other
concerning the transactions contemplated by this Note shall be
brought only in
the state courts
of Massachusetts or
in the federal
courts located in
the

    	 	17	 

    	 

    

Commonwealth
of Massachusetts. The
parties to this
Note 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 BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT
MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER
OR IN CONNECTION
WITH OR ARISING
OUT OF THIS
NOTE OR

ANY TRANSACTION CONTEMPLATED
HEREBY. 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 Note 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.

 

4.7 
Certain Amounts. Whenever pursuant to this Note the Borrower is required to pay
an amount in
excess of the
outstanding principal amount
(or the portion
thereof required to
be paid at that time) plus accrued and unpaid interest plus Default Interest on such interest, the Borrower and the Holder
agree that the actual damages to the Holder from the receipt of cash payment on this Note may be difficult to determine and the
amount to be so paid by the Borrower represents stipulated damages and not a penalty
and is intended to compensate the Holder in part for loss of the opportunity to convert this Note and to earn a return from the
sale of shares of Common Stock acquired upon conversion of this Note at a price in excess of the price paid for such shares pursuant
to this Note. The Borrower and the Holder hereby agree that such amount of stipulated
damages is not
plainly disproportionate to
the possible loss
to the Holder
from the receipt of a cash payment
without the opportunity to convert this Note into shares of Common Stock.

 

4.8 
Purchase Agreement. By its acceptance of this Note, each party agrees to be bound by
the applicable terms of the Purchase Agreement.

 

4.9 
Notice of Corporate Events. Except as otherwise provided below, the Holder of this
Note shall have no rights as a Holder of Common Stock unless and only to the extent that it converts this Note into Common Stock.
The Borrower shall provide the Holder with prior notification of any meeting of the Borrower’s shareholders (and copies of
proxy materials and other information sent to shareholders). In the event of any taking by the Borrower of a record of its shareholders
for the purpose of determining shareholders who are entitled to receive payment of any dividend or other distribution, any right
to subscribe for, purchase or otherwise acquire (including by way of merger, consolidation, reclassification or recapitalization)
any share of any class or any other securities or property, or to receive any other right, or for the purpose of determining shareholders
who are entitled to vote in connection with any proposed sale, lease  or

    	 	18	 

    	 

    

conveyance of all or substantially
all of the assets of the Borrower or any proposed liquidation, dissolution or
winding up of
the Borrower, the
Borrower shall mail
a notice to
the Holder, at
least twenty (20) days prior to the record date specified therein (or thirty (30) days prior to the consummation of the
transaction or event, whichever is earlier), of the date on which any such record is
to be taken
for the purpose
of such dividend,
distribution, right or
other event, and
a brief statement regarding the amount and character of such dividend, distribution,
right or other event to the extent known at such time. The Borrower shall make a public announcement of any event requiring
notification to the
Holder hereunder substantially
simultaneously with the
notification to the Holder in accordance with the terms of this Section 4.9
including, but not limited to, name changes, recapitalizations,
etc. as soon
as possible under
law.

 

4.10   
Usury. If
it shall be
found that any
interest or other
amount deemed interest due hereunder
violates the applicable law governing usury, the applicable provision shall automatically be revised to equal the maximum rate
of interest or other amount deemed interest permitted under
applicable law. The
Borrower covenants (to
the extent that
it may lawfully
do so) that it will not seek to
claim or take advantage of any law that would prohibit or forgive the Borrower from paying all or a portion of the principal or
interest on this Note.

 

4.11   
Remedies. The
Borrower acknowledges that
a breach by
it of its
obligations hereunder will cause irreparable harm to the Holder, by vitiating the intent and purpose of the transaction
contemplated hereby. Accordingly,
the Borrower acknowledges
that the remedy
at law for a breach of its obligations under this Note will be inadequate and
agrees, in the event of a breach or threatened breach by the Borrower of the provisions of this Note, that the Holder 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 Note and to enforce specifically the terms
and provisions thereof, without the necessity of showing economic loss and without any bond or other security being required. No
provision of this Note shall alter or impair the obligation of the Borrower, which is absolute and unconditional,
to pay the
principal of, and
interest on, this
Note at the
time, place, and
rate, and in the form, herein
prescribed.

 

4.12   
Severability. In the event that any provision of this Note 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.

 

4.13   
Dispute Resolution. In the case of a dispute
as to the determination of the Conversion Price,
Conversion Amount, any
prepayment amount or
Default Amount, Default
Sum, Closing or Maturity Date, the closing bid price, or fair market value (as the case may be) or the arithmetic
calculation of the
Conversion Price or
the applicable prepayment
amount(s) (as the
case may be), the Borrower or the Holder shall submit the disputed determinations or arithmetic calculations via facsimile
(i) within two (2) Business Days after receipt of the applicable notice giving rise to such dispute to the Borrower or the Holder
or (ii) if no notice gave rise to such dispute, at
any time after
the Holder learned
of the circumstances
giving rise to
such dispute. If
the Holder and the Borrower are unable to agree upon such determination or calculation within 
two

    	 	19	 

    	 

    

(2)   
Business Days of such disputed determination or arithmetic calculation (as the case may be)
being submitted to the Borrower or the Holder, then the Borrower shall, within two (2) Business Days,
submit via facsimile
(a) the disputed
determination of the
Conversion Price, the
closing bid price, the or fair market value (as the case may be) to an independent,
reputable investment bank selected by the
Borrower and approved
by the Holder
or (b) the
disputed arithmetic calculation
of the Conversion Price, Conversion Amount, any prepayment amount or Default Amount, Default Sum
to an independent,
outside accountant selected
by the Holder
that is reasonably
acceptable to the Borrower. The Borrower shall cause at its expense the investment
bank or the accountant to perform the determinations or calculations and notify the Borrower and the Holder of the results no later
than ten (10) Business Days from the time it receives such disputed determinations or calculations.
Such investment bank’s
or accountant’s determination
or calculation shall
be binding upon all parties absent demonstrable
error.

 

4.14   
Terms of Future Financings. So long as this Note is outstanding, upon any issuance
by the Borrower or any of its subsidiaries of any security with any term more favorable to the holder of such security or with
a term in favor of the holder of such security that was not similarly provided to the Holder in this Note, then the Borrower shall
notify the Holder of such additional or more favorable term and such term, at Holder’s option, shall become a part of the
transaction documents with the Holder. The types of terms contained in another security that may be more favorable to the holder
of such security include, but are not limited to, terms addressing conversion discounts, prepayment rate, conversion lookback periods,
interest rates, original issue discounts, stock sale price, private placement price per share, and warrant
coverage.

[signature page
follows]

    	 	20	 

    	 

    

 

IN WITNESS WHEREOF, Borrower has
caused this Note to be signed in its name by its duly authorized officer as of the date first above
written.

 

RX SAFES, INC.

 

 

By:  

Name: Lorraine
Yarde

Title: Chief Executive
Officer

    	 	21	 

    	 

    

 

EXHIBIT A NOTICE OF
CONVERSION

 

The undersigned
hereby elects to convert $ principal
amount of the Note (defined below) together  with
$ of accrued and  unpaid interest
thereto, totaling $ into
that number of
shares of Common
Stock to be
issued pursuant to
the conversion of
the Note (“Common
Stock”) as set
forth below, of
RX Safes, Inc.,
a Nevada corporation (the “Borrower”), according to the conditions of the convertible note of the Borrower dated
as of December 16, 2015 (the “Note”), as of the date written below. No fee will be
charged to the
Holder for any
conversion, except for
transfer taxes, if
any.

 

Box Checked as to applicable instructions:

 

[ ] The
Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned
or its nominee with DTC through its Deposit Withdrawal At Custodian system (“DWAC Transfer”).

 

Name of DTC Prime
Broker: Account Number:

 

[ ] 
The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common
Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately
below or, if additional space is necessary, on an attachment hereto:

 

Name: [NAME]

Address: [ADDRESS]

 

Date of Conversion:

Applicable Conversion
Price:$ Number of Shares of Common Stock to be Issued

Pursuant to Conversion of the
Notes: 

Amount of Principal Balance Due
remaining

Under the Note after this
conversion: 

Accrued and unpaid interest
remaining: 

 

[HOLDER]

 

 

By: Name:
[NAME]

Title: [TITLE] Date:
[DATE]

\

    	 	22

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