Document:

Exhibit 4.1

 

	 	WARRANT	 
	 	 	 
	N0.000
	STRATEGIC
ACQUISITIONS, INC.
	____Shares

	 	 	 
	 	

    WARRANT
    TO PURCHASE COMMON STOCK
	 
	 	 	 
	 	VOID
AFTER 5:30 P.M., EASTERN TIME, ON THE EXPIRATION DATE
	 

 

THIS
WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”), AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED WITHOUT COMPLIANCE WITH THE REGISTRATION
OR QUALIFICATION PROVISIONS OF APPLICABLE FEDERAL AND STATE SECURITIES LAWS OR APPLICABLE EXEMPTIONS THEREFROM.

 

FOR
VALUE RECEIVED, STRATEGIC ACQUISITIONS, INC., a Nevada corporation (the “Company”), hereby agrees to sell upon the
terms and on the conditions hereinafter set forth, but no later than 5:30p.m., Eastern Time, on the Expiration Date (as hereinafter defined)
to _____________ or registered assigns (the “Holder”), under the terms as hereinafter set forth, 5 (five) years from
issuance date (August 31, 2022) fully paid and non-assessable shares of the Company’s Common Stock, par value $0.0001 per share
(the “Warrant Stock”), at a purchase price of$1.20 (the “Exercise Price”), to the warrant holder
pursuant to this warrant (this “Warrant”). The number of shares of Warrant Stock to be so issued and the Exercise Price are
subject to adjustment in certain events as hereinafter set forth. The term “Common Stock” shall mean, when used herein, unless
the context otherwise requires, the stock and other securities and property at the time receivable upon the exercise of this Warrant.

 

Exercise
of Warrant.

 

a.
The Holder may exercise this Warrant according to its terms by surrendering this Warrant to the Company at the address set forth in Section
11, the Notice of Exercise attached hereto having then been duly executed by the Holder, accompanied by cash, certified check or bank
draft in payment of the purchase price, in lawful money of the United States of America, for the number of shares of the Warrant Stock
specified in the Notice of Exercise, or as otherwise provided in this Warrant, prior to 5:30p.m., Eastern Time, on September 1, 2027(the
“Expiration Date”).

 

b.
Cashless Exercise. This Warrant may be exercised, in whole or in part, at such time by means of a “cashless exercise”
in which the Holder shall be entitled to receive a certificate for the number of shares of Warrant Stock equal to the quotient obtained
by dividing [(A-B) (X)] by (A), where:

 

    	 

     

    

 

(A)
=the VWAP on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless
exercise,” as set forth in the applicable Notice of Exercise;

 

(B)=
the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)=
the number of shares of Warrant Stock that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise.

 

For
purposes of this Warrant, “VWAP” means, for any date, the price determined by the first of the following clauses that
applies: (a) if the Common Stock is then listed or quoted on a Trading Market (as defined below), the daily volume weighted average price
of the Common Stock for the ten (10) trading days prior to such date (or the nearest preceding date) on the Trading Market on which the
Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30a.m. New York City time to 4:02p.m.
New York City time); (b) if the Common Stock is then quoted on the OTC Markets or QX is not a Trading Market, the volume weighted average
price of the Common Stock for the ten (10) trading days prior to such date (or the nearest preceding date) on such market; (c) if the
Common Stock is not then listed or quoted on the OTC Markets or QX (or a similar organization or agency succeeding to its functions of
reporting prices), the average bid price per share of the Common Stock so reported for the twenty (20) trading days prior to such date;
or (d) in all other cases, the fair market value of a share of Common Stock as determined in good faith by the Company’s board
of directors. For purposes of this Warrant, “Trading Market” means the following markets or exchanges on which the
Common Stock is listed or quoted for trading on the date in question: the American Stock Exchange, the Nasdaq Capital Market, the Nasdaq
Global Market, the Nasdaq Global Select Market, the New York Stock Exchange or the OTC or QX Markets.

 

c.
This Warrant may be exercised in whole or in part so long as any exercise in part hereof would not involve the issuance of fractional
shares of Warrant Stock. If exercised in part, the Company shall deliver to the Holder a new Warrant, identical in form, in the name
of the Holder, evidencing the right to purchase the number of shares of Warrant Stock as to which this Warrant has not been exercised,
which new Warrant shall be signed by the Chairman, Chief Executive Officer. The term Warrant as used herein shall include any subsequent
Warrant issued as provided herein.

 

d.
No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. The Company shall
pay cash in lieu of fractions with respect to the Warrants based upon the fair market value of such fractional shares of Common
Stock (which shall be the closing price of such shares on the exchange or market on which the Common Stock is then traded or quoted)
at the time of exercise of this Warrant.

 

e.
In the event of any exercise of the rights represented by this Warrant, a certificate or certificates for the Warrant Stock so
purchased, registered in the name of the Holder, shall be delivered to the Holder within a reasonable time after such rights shall
have been so exercised. The person or entity in whose name any certificate for the Warrant Stock is issued upon exercise of the rights
represented by this Warrant shall for all purposes be deemed to have become the holder of record of such shares immediately prior to
the close of business on the date on which the Warrant was surrendered and payment of the Exercise Price (except in case of a
cashless exercise) and any applicable taxes was made, irrespective of the date of delivery of such certificate, except that, if the
date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to
have become the holder of such shares at the opening of business on the next succeeding date on which the stock transfer books are
open. The Company shall pay any and all documentary stamp or similar issue or transfer taxes payable in respect of the issue or
delivery of shares of Common Stock on exercise of this Warrant.

 

    	 

     

    

 

2.
Disposition of Warrant Stock and Warrant.

 

a.
The Holder hereby acknowledges that this Warrant and any Warrant Stock purchased pursuant hereto are, as of the date hereof, not registered:
(i) under the Securities Act of 1933, as amended (the “Act”), on the ground that the issuance of this Warrant is exempt
from registration under Section 4(2) of the Act as not involving any public offering or under Rule 903 of Regulation S promulgated under
the Act or (ii) under any applicable state securities law because the issuance of this Warrant does not involve any public offering;
and that the Company’s reliance on the Section 4(2) exemption of the Act or Rule 903 of Regulation S promulgated under the Act,
as the case may be, and under applicable state securities laws is predicated in part on the representations hereby made to the Company
by the Holder that it is acquiring this Warrant and will acquire the Warrant Stock for investment for its own account, with no present
intention of dividing its participation with others or reselling or otherwise distributing the same, subject, nevertheless, to any requirement
of law that the disposition of its property shall at all times be within its control.

 

The
Holder hereby agrees that it will not sell or transfer all or any part of this Warrant and/or Warrant Stock unless and until it shall
first have given notice to the Company describing such sale or transfer and furnished to the Company either (i) an opinion, reasonably
satisfactory to counsel for the Company, of counsel (skilled in securities matters, selected by the Holder and reasonably satisfactory
to the Company) to the effect that the proposed sale or transfer may be made without registration under the Act and without registration
or qualification under any state law, or (ii) an interpretative letter from the Securities and Exchange Commission to the effect that
no enforcement action will be recommended if the proposed sale or transfer is made without registration under the Act, or (iii) the Company
may elect not to require (i) or (ii).

 

b.
If, at the time of issuance of the shares issuable upon exercise of this Warrant, no registration statement is in effect with respect
to such shares under applicable provisions of the Act, the Company may at its election require that the Holder provide the Company with
written reconfirmation of the Holder’s investment intent and that any stock certificate delivered to the Holder of a surrendered
Warrant shall bear legends reading substantially as follows:

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED
OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OR AN OPINION OF COUNSEL
SATISFACTORY TO THE ISSUER OF THIS CERTIFICATE THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.”

 

    	 

     

    

 

In
addition, so long as the foregoing legend may remain on any stock certificate delivered to the Holder, the Company may maintain appropriate
“stop transfer” orders with respect to such certificates and the shares represented thereby on its books and records and
with those to whom it may delegate registrar and transfer functions.

 

3.
Reservation of Shares. The Company hereby agrees that at all times there shall be reserved for issuance upon the exercise of this Warrant
such number of shares of its Common Stock as shall be required for issuance upon exercise of this Warrant. The Company further agrees
that all shares which may be issued upon the exercise of the rights represented by this Warrant will be duly authorized and will, upon
issuance and against payment of the exercise price, be validly issued, fully paid and nonassessable, free from all taxes, liens, charges
and preemptive rights with respect to the issuance thereof, other than taxes, if any, in respect of any transfer occurring contemporaneously
with such issuance and other than transfer restrictions imposed by federal and state securities laws.

 

4. Exchange.
Transfer or Assignment of Warrant. This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation
and surrender hereof to the Company or at the office of its stock transfer agent, if any, for other Warrants of different
denominations, entitling the Holder or Holders thereof to purchase in the aggregate the same number of shares of Common Stock
purchasable hereunder. Upon surrender of this Warrant to the Company or at the office of its stock transfer agent, if any, with the
Assignment Form annexed hereto duly executed and funds sufficient to pay any transfer tax, the Company shall, without charge,
execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment and this Warrant shall promptly
be canceled. This Warrant may be divided or combined with other Warrants that carry the same rights upon presentation hereof at the
office of the Company or at the office of its stock transfer agent, if any, together with a written notice specifying the names and
denominations in which new Warrants are to be issued and signed by the Holder hereof.

 

5.
Capital Adjustments.

 

a.
Share Issuance Event. For a period of twenty-four (24) months from the date of issuance of this Warrant dated August 31, 2022, if the
Company shall issue any Common Stock, prior to the complete exercise of this Warrant for a consideration, then the 120% of issued price
of such latest issued Common stock will be the new Exercise Price. For purposes of this adjustment, the issuance of any security or debt
instrument of the Company carrying the right to convert such security or debt instrument into Common Stock or of any warrant, right or
option to purchase Common Stock shall result in an adjustment to the Exercise Price, and upon such issuance and again at any time upon
any actual, permitted, optional, or allowed issuances of shares of Common Stock upon any actual, permitted, optional, or allowed exercise
of such conversion or purchase rights, then the 120% of such effective issued price of such latest issued Common Stock will be the new
Exercise Price. Other than capital adjustment as described in this Section, Common Stock issued or issuable by the Company for no consideration
will be deemed issuable or to have been issued for $0.001 per share of Common Stock. After twenty-four months from the date of issuance
of this warrant, the Exercise Price of any unexcised warrant will not be adjusted pursuant to Section 5.a herein.

 

    	 

     

    

 

b.
Recapitalization. Reclassification and Succession. If any recapitalization of the Company or reclassification of its Common Stock or
any merger or consolidation of the Company into or with a corporation or other business entity, or the sale or transfer of all or substantially
all of the Company’s assets or of any successor corporation’s assets to any other corporation or business entity (any such
corporation or other business entity being included within the meaning of the term “successor corporation”) shall be effected,
at any time while this Warrant remains outstanding and unexpired, then, as a condition of such recapitalization, reclassification, merger,
consolidation, sale or transfer, lawful and adequate provision shall be made whereby the Holder of this Warrant thereafter shall have
the right to receive upon the exercise hereof as provided in Section 1 and in lieu of the shares of Common Stock immediately theretofore
issuable upon the exercise of this Warrant, such shares of capital stock, securities or other property as may be issued or payable with
respect to or in exchange for a number of outstanding shares of Common Stock equal to the number of shares of Common Stock immediately
theretofore issuable upon the exercise of this Warrant had such recapitalization, reclassification, merger, consolidation, sale or transfer
not taken place, and in each such case, the terms of this Warrant shall be applicable to the shares of stock or other securities or property
receivable upon the exercise of this Warrant after such consummation.

 

c.
Subdivision or Combination of Shares. If the Company at any time while this Warrant remains outstanding and unexpired shall subdivide
or combine its Common Stock, the number of shares of Warrant Stock purchasable upon exercise of this Warrant and the Exercise Price shall
be proportionately adjusted

 

d.
Stock Dividends and Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall issue or pay
the holders of its Common Stock, or take a record of the holders of its Common Stock for the purpose of entitling them to receive, a
dividend payable in, or other distribution of, Common Stock, then (i) the Exercise Price shall be adjusted in accordance with Section
5(£) and (ii) the number of shares of Warrant Stock purchasable upon exercise of this Warrant shall be adjusted to the number of
shares of Common Stock that the Holder would have owned immediately following such action had this Warrant been exercised immediately
prior thereto

 

e.
Stock and Rights Offering to Shareholders. If the Company shall at any time after the date of issuance of this Warrant distribute
to all holders of its Common Stock any shares of capital stock of the Company (other than Common Stock) or evidences of its indebtedness
or assets (excluding cash dividends or distributions paid from retained earnings or current year’s or prior year’s earnings
of the Company) or rights or warrants to subscribe for or purchase any of its securities (excluding those referred to in the immediately
preceding paragraph) (any of the foregoing being hereinafter in this paragraph called the “Securities”), then in each such
case, the Company shall reserve shares or other units of such Securities for distribution to the Holder upon exercise of this Warrant
so that, in addition to the shares of the Common Stock to which such Holder is entitled, such Holder will receive upon such exercise
the amount and kind of such Securities which such Holder would have received if the Holder had, immediately prior to the record date
for the distribution of the Securities, exercised this Warrant.

 

f.
Exercise Price Adjustment. Except as otherwise provided herein, whenever the number of shares of Warrant Stock purchasable upon
exercise of this Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be
adjusted to that price determined by multiplying the Exercise Price immediately prior to such adjustment by a fraction (i) the
numerator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately prior to
such adjustment, and (ii) the denominator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this
Warrant immediately thereafter.

 

    	 

     

    

 

g.
Certain Shares Excluded. The number of shares of Common Stock outstanding at any given time for purposes of the adjustments set
forth in this Section 5 shall exclude any shares then directly or indirectly held in the treasury of the Company.

 

h.
Deferral and Cumulation of De Minimis Adjustments. The Company shall not be required to make any adjustment pursuant to this Section
5 if the amount of such adjustment would be less than one percent (1%) of the Exercise Price in effect immediately before the event that
would otherwise have given rise to such adjustment. In such case, however, any adjustment that would otherwise have been required to
be made shall be made at the time of and together with the next subsequent adjustment which, together with any adjustment or adjustments
so carried forward, shall amount to not less than one percent (1%) of the Exercise Price in effect immediately before the event giving
rise to such next subsequent adjustment.

 

i.
Duration of Adjustment. Following each computation or readjustment as provided in this Section 5, the new adjusted Exercise Price
and number of shares of Warrant Stock purchasable upon exercise of this Warrant shall remain in effect until a further computation or
readjustment thereof is required.

 

6.
Removed and Reserved.

 

7. Limitation
on Exercises. The Company shall not effect the exercise of this Warrant, and the Holder shall not have the right to exercise
this Warrant, to the extent that after giving effect to such exercise, the Holder (together with such Holder’s affiliates)
would beneficially own in excess of 4.99% of the shares of Common Stock outstanding immediately after giving effect to such
exercise. For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such Holder
and its affiliates shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which
the determination of such sentence is being made, but shall exclude shares of Common Stock which would be issuable upon (A) exercise
of the remaining, unexercised portion of this Warrant beneficially owned by such Holder and its affiliates and (B) exercise or
conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such Person and
its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to a
limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding sentence,
for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange
Act of 1934, as amended. To the extent that the limitation contained in this Section 6 applies, the determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any affiliate) and of which portion of
this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be
deemed to be the Holder’s determination of whether this Warrant is exercisable (in relation to other securities owned by the
Holder together with any affiliate) and of which portion of this Warrant is exercisable, in each case subject to such
aggregate percentage limitation, and the Company shall have no obligation to verify or confirm the accuracy of the determination.
For purposes of this Warrant, in determining the number of outstanding shares of Common Stock, the Holder may rely on the number of
outstanding shares of Common Stock as reflected in (1) the Company’s most recent Form 10-K, Form 10-Q, Current Report on Form
8-K or other public filing with the Securities and Exchange Commission, as the case may be, (2) a more recent public announcement by
the Company or (3) any other notice by the Company setting forth the number of shares of Common Stock outstanding. For any reason at
any time, upon the written or oral request of the Holder, the Company shall within one (1) business day confirm orally and in
writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common
Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by
the Holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The
restriction described in this Section 7 may be waived, in whole or in part, upon sixty-one (61) days prior notice from the Holder to
the Company to increase such percentage up to 9.99%, but not in excess of9.99%. The provisions of this paragraph shall be construed
and implemented in a manner otherwise than in strict conformity with the terms of this Section 7 to correct this paragraph (or any
portion hereof) which may be defective or inconsistent with the intended beneficial ownership limitation herein contained or to make
changes or supplements necessary or desirable to properly give effect to such limitation.

 

    	 

     

    

 

8.
Notice to Holders.

 

a.
Notice of Record Date. In case:

 

(i)
the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable upon the exercise
of this Warrant) for the purpose of entitling them to receive any dividend (other than a cash dividend payable out of earned surplus
of the Company) or other distribution, or any right to subscribe for or purchase any shares of stock of any class or any other securities,
or to receive any other right;

 

(ii)
of any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation with or merger
of the Company into another corporation, or any conveyance of all or substantially all of the assets of the Company to another corporation;
or

 

(iii)
of any voluntary dissolution, liquidation or winding-up of the Company;

 

then,
and in each such case, the Company will mail or cause to be mailed to the Holder hereof at the time outstanding a notice specifying,
as the case may be, (i) the date on which a record is to be taken for the purpose of such dividend, distribution or right, and
stating the amount and character of such dividend, distribution or right, or (ii) the date on which such reorganization,
reclassification, consolidation, merger, conveyance, dissolution, liquidation or winding-up is to take place, and the time, if any,
is to be fixed, as of which the holders of record of Common Stock (or such stock or securities at the time receivable upon the
exercise of this Warrant) shall be entitled to exchange their shares of Common Stock (or such other stock or securities) for
securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, conveyance, dissolution
or winding-up. Such notice shall be mailed at least thirty (30) days prior to the record date therein specified, or if no record
date shall have been specified therein, at least thirty (30) days prior to such specified date, provided, however, failure to
provide any such notice shall not affect the validity of such transaction.

 

    	 

     

    

 

b.
Certificate of Adjustment. Whenever any adjustment shall be made pursuant to Section 5 hereof, the Company shall promptly make
a certificate signed by its Chairman, Chief Executive Officer, President, Vice President, Chief Financial Officer or Treasurer, setting
forth in reasonable detail the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was
calculated and the Exercise Price and number of shares of Warrant Stock purchasable upon exercise of this Warrant after giving effect
to such adjustment, and shall promptly cause copies of such certificates to be mailed (by first class mail, postage prepaid) to the Holder
of this Warrant.

 

9.
Loss, Theft. Destruction or Mutilation. Upon receipt by the Company of evidence satisfactory to it, in the exercise of its reasonable
discretion, of the ownership and the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction,
of indemnity reasonably satisfactory to the Company and, in the case of mutilation, upon surrender and cancellation thereof, the Company
will execute and deliver in lieu thereof, without expense to the Holder, a new Warrant of like tenor dated the date hereof.

 

10.
Warrant Holder Not a Stockholder. The Holder of this Warrant, as such, shall not be entitled by reason of this Warrant to any rights
whatsoever as a stockholder of the Company.

 

11.
Notices. Any notice required or contemplated by this Warrant shall be deemed to have been duly given if transmitted by registered or
certified mail, return receipt requested, or nationally recognized overnight delivery service, to the Company at its principal executive
offices located at 30 Broad Street, 14th, New York, New York 1000451 t Attention: Yuanyuan Huang, Treasurer, Secretary and Director,
or to the Holder at the name and address set forth in the Warrant Register maintained by the Company.

 

12.
Choice of Law. THIS WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW.

 

13.
Jurisdiction and Venue. The Company and Holder hereby agree that any dispute which may arise between them arising out of or in connection
with this Warrant shall be adjudicated before a court located in New York County, New York and they hereby submit to the exclusive jurisdiction
of the federal and state courts of the State of York located in New York County with respect to any action or legal proceeding commenced
by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue of any such action or proceeding
brought in such a court or respecting the fact that such court is an inconvenient forum, relating to or arising out of this Warrant or
any acts or omissions relating to the sale of the securities hereunder, and consent to the service of process in any such action or legal
proceeding by means of registered or certified mail, return receipt requested, in care of the address set forth herein or such other
address as either party shall furnish in writing to the other.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Company has duly caused this Warrant to be signed on its behalf, in its corporate name and by its duly authorized
officers, as of this 31 day of August, 2022.

 

	STRATEGIC ACQUISITIONS, INC.,	 
	 	 	 
	Name:	Yuanyuan Huang	 
	Title:	Treasurer, Secretary and Director	 

 

    	 

     

    

 

NOTICE
OF EXERCISE

 

TO:
STRATEGIC ACQUISITIONS, INC.

30
Broad Street, 14th

New
York, New York 10004

Attn:
Yuan Huang

Tel:
(757) 645-6019

Fax:
(908) 728-6500

 

(1)
The undersigned hereby elects to purchase
                     
shares of Warrant Stock of the Company pursuant to the terms of the attached Warrant to Purchase Common Stock, and tenders herewith
payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

(2)
Payment shall take the form of (check applicable box): D in lawful money of the United States; and/or

 

D
if the provisions of subsection 1(b) of this Warrant are in effect, the cancellation of such portion of the attached Warrant as is exercisable
for a total of                        
Warrant Shares (using a Fair Market Value of $                per share for purposes of this calculation); and/or

 

D
if the provisions of subsection 1(b) of this Warrant are in effect, the cancellation of such number of Warrant Shares as is
necessary, in accordance with the formula set forth in subsection 1(b), to exercise this Warrant with respect to the maximum number
of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 1(b).

 

(3)
Please issue a certificate or certificates representing said shares of Warrant Stock in the name of the undersigned or in such other
name as is specified below:

 

The
shares of Warrant Stock shall be delivered to the following DWAC Account Number, if permitted, or by physical delivery of a certificate
to:

 

 

 

(4)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under the
Securities Act of 1933, as amended or the undersigned satisfies the requirements under Regulation S promulgated under the Securities
Act of 1933, as amended.

 

    	 

     

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

 

FOR
VALUE RECEIVED, all of or shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

——————————-whose
address is

 

Dated:
                ,         

 
	Holder’s Name:	 

 
	Holder’s Signature:	 

 
	Name and Title of Signatory:	 

 
	Holder’s Address:	 

 
	Signature Guaranteed:	 

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement
or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary
or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.Exhibit
10.1

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN OMITTED FROM THIS DOCUMENT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY
DISCLOSED, AND HAS BEEN MARKED WITH “[***]” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE.

 

MASTER
LOAN AGREEMENT

 

This
Master Loan Agreement is by and between Exworth Union Inc having an address of John F. Kennedy Parkway, Suite 135, Short Hills,
NJ 07078 (the “Borrower”) and [***], a [***] limited liability company having a place of business at [***] (the “Lender”).

 

WITNESSETH

 

WHEREAS,
the Borrower has requested that the Lender provide a loan, and subsequent loans in tranches, to be secured by collateral of the Borrower;

 

WHEREAS,
the Lender is willing to furnish such loan or loans, but only upon the terms and conditions contained herein, including, without limitation,
the execution and delivery of certain agreements; and

 

NOW
THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt of which
is hereby acknowledged, it is hereby agreed as follows:

 

SECTION
1

 

DEFINITIONS

 

1.1
Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

 

“Agreement”
shall mean this Master Loan Agreement, including any Exhibits or Schedules hereto, and as amended or supplemented from time-to-time,
or as incorporated by reference into subsequent Tranche Agreements executed under Section 2.1(b).

 

“Balance
Payment” for a Tranche means the Loan Principal Amount for that Tranche minus (less) the Advanced Funds and any Origination
Fee, costs or expenses, if applicable then due and as set forth in the Closing Statement for that Tranche.

 

“Bitcoin”
shall mean Bitcoin transferred as specified in Section 2.1 and any related Bitcoin resulting from a “soft” or “hard”
fork in the Bitcoin blockchain, a revision or upgrade to the Bitcoin software code, reclassification, or other like change of the Pledged
Collateral.

 

“Closing”
shall have the meaning given to it in Section 2.6.

 

“Closing
Date” means the date (being no later than the business day following the date of delivery of the Closing Statement) upon which
the remaining Loan Principal Amount is delivered to the Borrower.

 

    	 

    	 

    

 

“Closing
Statement” shall mean a statement in the form attached to this Agreement as Exhibit 1, which Closing Statement shall
be delivered by the Lender to the Borrower contemporaneously with the final funding of the Loan.

 

“Currency
Exchange Price” the parties agree to calculate the Bitcoins exchange price based on the Bloomberg Bitcoin United States Dollar
Spot XBT Currency page

 

“Default
Floor” The Default Floor is, initially, seventy percent (70%) of the FMP of the Pledged Collateral per the Closing Statement.
Following the cure of a Valuation Event, the Default Floor shall be the FMP of the Pledged Collateral used to calculate the deficit that
resulted in the Valuation Event.

 

“Digital
Wallet” shall mean a software program that stores public and private keys and interfaces with the Bitcoin blockchain in order
to allow users to send and receive Bitcoin.

 

“Event
of Default” shall mean any of the events specified in Section 8.1 hereof.

 

“Fair
Market Price” (“FMP”) shall mean with respect to the assets provided as Pledged Collateral the average of
the last sale price on three (3) consecutive business days quoted using the Bloomberg Generic Price (“BGN”) as posted by
Bloomberg on the Bitcoin United States Dollar Spot XBT Currency page at 6pm EST. For purposes of determining the Loan Principal Amount
prior to Closing, the first day of pricing shall be the Verification Day. That average price shall be the per-unit price of the Pledged
Collateral used to establish its Fair Market Value.

 

“Fair
Market Value” (“FMV”) shall mean the amount, expressed in dollars, equating to the FMP for each unit of
the Pledged Collateral multiplied by the number of Bitcoin comprising the Pledged Collateral.

 

“Lien”
shall mean, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of
such asset.

 

“Loan
Documents” shall mean collectively, this Agreement, the Pledge Agreement, the Closing Statement, and any other agreements,
documents, instruments, exhibits or financial statements delivered in connection with the Loan. Each such document shall be contemporaneously
executed and read and construed together in a manner so as to give meaning and effect to all their provisions.

 

“Loan
Principal Amount” shall mean the amount of monies borrowed by Borrower from Lender under Section 2.1 hereof.

 

“Obligations”
shall mean all obligations and liabilities of the Borrower to Lender of every kind, nature and description, arising out of the
Master Loan Agreement or Master Pledge Agreement or any documents delivered pursuant to either of them including, without
limitation, the payment in full when due of the Loan and all interest thereon, the payment of all amounts payable by the Borrower to
the Lender under the terms of the Loan Agreement or any other obligation.

 

    	2

     

    

 

“Person”
shall mean any individual, corporation, partnership, trust or other duly formed business entity.

 

“Pledge
Agreement” shall mean the Master Pledge Agreement dated the date hereof between Borrower and Lender, by which the Pledged Collateral
is pledged to the Lender.

 

“Pledged
Collateral” shall mean the 100 Bitcoins and any related units resulting from a “soft” or “hard” fork
in the Bitcoin blockchain, a revision or upgrade to the Bitcoin software code, reclassification, or other like change. For the avoidance
of doubt, Pledged Collateral shall not include any blockchain assets distributed to Lender’s Digital Wallet by third parties (i.e.,
“airdrops”) on the basis that such Digital Wallet holds Pledged Collateral.

 

“Valuation
Event” shall mean that, initially, the Fair Market Price of the Pledged Collateral has fallen to less than seventy percent
(70%) of the Fair Market Price per the Closing Statement or as subsequently adjusted from time-to-time in accordance with section 8.1(g).

 

“Verification
Day” shall mean the business day after the Pledged Collateral is received in the Lender’s Digital Wallet prior to Closing.

 

1.2 Use
of Defined Terms. All terms defined in this Agreement shall have such defined meanings when used herein and in the Pledge Agreement
or other documents made or delivered in conjunction with this Agreement.

 

1.3 Lender’s
Discretion. The Lender has the discretion and right to elect to not proceed with any loan with the Borrower at any time up until
the Closing.

 

1.4 Statements
as to Knowledge. Any statements, representations or warranties which are based upon the knowledge of the Borrower shall be deemed
to have been made after due inquiry with respect to the matter in question but without Borrower being required to seek an opinion of
counsel with respect thereto.

 

1.5 Currency.
All loans and related fees and payments shall be priced, closed and funded in United States of American Dollars (“USD”).

 

    	3

     

    

 

SECTION
2

 

AMOUNT
AND TERMS OF LOAN

 

 2.1 Loan Principal Amount.

 

		(a)	Subject
                                            to all of the terms and conditions of this Agreement, the Lender agrees to lend to the Borrower
                                            funds equal to 70% of the current Fair Market Value (the “Loan-to-Value Ratio”)
                                            of 100 Bitcoins (the “Loan Principal Amount”). The Loan Principal Amount shall
                                            be funded no later than the Closing Date and shall be memorialized in a Closing Statement
                                            in the form of Exhibit 1 hereto, which is hereby incorporated by reference.

 

		(b)	The
                                            Borrower and Lender have discussed that they each may elect to enter into additional loan
                                            transactions pursuant to this Agreement collateralized by an additional number of Bitcoin.
                                            The Lender agrees to make its best efforts to fund additional loans contingent upon market
                                            conditions such as the price and trading volume of Bitcoin for example. Any subsequent additional
                                            loan collateralized by additional Bitcoin will be subject to the same terms and conditions
                                            as set forth in this Agreement except that:

 

		(i)	The
                                            Loan-to-Value Ratio and the number of Bitcoin shall be mutually agreed on by the parties
                                            on each and every subsequent loan tranche; and

 

		(ii)	the
                                            new starting date for the new loan shall be memorialized in the Tranche Loan Agreement form
                                            attached hereto as Exhibit 2.

 

The
Lender has the discretion and right to elect to not proceed with any loan transaction with the Borrower up until the completion of the
Closing.

 

 2.2 Interest Rate.

 

		(a)	The
                                            Borrower shall pay to the Lender simple interest on the Loan Principal Amount for the term
                                            of the Loan at a rate of 2.50% per annum. The interest payment shall be paid in cash in the
                                            amount established at Closing.

 

		(b)	The
                                            Loan shall bear interest on the Loan Principal Amount for each day from the Closing Date
                                            until the Maturity Date. Interest on the Loan Principal Amount shall be computed on the basis
                                            of a 360-day year for the actual number of days elapsed and shall be due and payable quarterly
                                            commencing ninety (90) days from the Closing Date for the preceding three months.

 

    	4

     

    

 

		(c)	The
                                            payment of interest will be overdue if not received by the Lender within ten (10) calendar
                                            days of the due date. Any overdue interest payment shall incur a penalty of seven percent
                                            (7%) of the amount due. If the overdue interest payment is not received by the Lender within
                                            thirty (30)
days of the original due date the Lender will send a notice to the Borrower advising the Borrower that the Loan will terminate under
the default provisions of this Agreement if the payments due are not received by the Lender within five (5) business days from the date
such final notice was sent.

 

2.3 Prepayment.
There is no prepayment of the Loan Principal Amount or of any interest due under the Loan permitted during the Loan Term. The Borrower
acknowledges that if the Loan or any interest due under the Loan are paid for any reason prior to the Maturity Date, the Lender will
incur losses and damages and will be deprived the benefit of its bargain.

 

2.4 Loan
Origination Fee. Contemporaneous with the funding of the Loan by the Lender on the Closing Date, the Borrower shall pay to the
Lender an agreed upon loan origination fee of 1% of the Loan Principal Amount. The Lender is authorized to deduct the loan origination
fee from the Loan Principal Amount, if a fee is charged.

 

 2.5 Term of Loan and Maturity Date of Loan.

 

		(a)	The
                                            Loan shall mature, and the Loan Principal Amount together with all accrued interest thereon
                                            shall be due and payable twenty-four (24) months subsequent to the occurrence of the Closing
                                            Date (the “Maturity Date” or “Maturity”). No prepayment of the Loan
                                            Principal Amount or of any interest due under the Loan is allowed.

 

		(b)	For
                                            each successive tranche, the Maturity Date will be twenty-four (24) months subsequent to
                                            the Closing Date, unless the tranches will mature less than thirty (30) days apart, in which
                                            case the Maturity Date will be twenty-four (24) months from the Closing Date plus thirty
                                            (30) days subsequent to the Maturity Date of the previous tranche.

 

		(c)	The
                                            Maturity Date may be extended by the Lender if agreed to by the Lender in writing. If Borrower
                                            wishes to request such an extension, they must notify Lender ninety (90) calendar days prior
                                            to such date. A fee in the amount of 1% of the Loan Principal Amount (the “Extension
                                            Fee”) shall be due and payable within sixty (60) calendar days of the original Maturity
                                            Date if the Lender agrees to extend such Maturity Date. If the Lender has not received the
                                            Extension Fee by no later than fifty-eight (58) calendar days prior to the original Maturity
                                            Date, this shall be an Event of Default under Section 8, which shall lead to termination
                                            and forfeiture of the Pledged Collateral.

 

    	5

     

    

 

		(d)	The
                                            term of the Loan and this Agreement shall begin on the Closing Date and end on the Maturity
                                            Date (the “Loan Term”). The Closing Date shall be set in accordance with Section
                                            2.6 of this Agreement and the Closing Statement shall identify the Closing Date.

 

		(e)	No
                                            later than ninety (90) calendar days prior to the Maturity Date, the Borrower shall communicate
                                            to the Lender in writing whether it intends to repay the Loan Principal Amount on the Maturity
                                            Date. No later than sixty (60) calendar days prior to the Maturity Date, the Borrower shall
                                            provide proof of funds to repay the Loan Principal Amount plus any other Obligations due
                                            to the Lender (as detailed in Section 2.9) on the Maturity Date (the “Proof of Funds”).
                                            Acceptable Proof of Funds includes (i) bank statements, (ii) brokerage statements, or (iii)
                                            third party verification from an Accountant or CPA detailing current funds available. If
                                            the Lender has not received the Proof of Funds by no later than fifty-eight (58) calendar
                                            days prior to the Maturity Date, this shall be an Event of Default under Section 8, which
                                            shall lead to termination and forfeiture of the Pledged Collateral.

 

2.6 Closing.
On the same day that the Pledged Collateral is delivered to the Lender’s account, a portion of the Loan Principal Amount, One Million
Dollars ($1,000,000 USD) (the “Advanced Funds”) will be settled (paid) to the Borrower’s account per the following
instructions:

 

	Bank/Institution
    Name	JPMorgan
    Chase Bank
	Swift
    No.	[***]
	Account
    Number	[***]
	Account
    Name	Exworth
    Union Inc.

 

The
Closing Date shall be no later than four (4) business days from the Verification Day, assuming the conditions to Lender’s Obligations
set forth in Section 7 herein are satisfied. The Balance Payment shall be paid on the Closing Date. The Balance Payment shall mean the
Loan Principal Amount minus (less) the Advanced Funds, any Origination Fee, costs or expenses, if applicable and as set forth in the
Closing Statement, not satisfied in cash by the Borrower. Lender shall provide the Closing Statement to the Borrower prior to the Closing
Date. The Balance Payment shall be settled (paid) to the Borrower’s account per the following instructions:

 

	Bank/Institution
    Name	JPMorgan
    Chase Bank
	Swift
    No.	[***]
	Account
    Number	[***]
	Account
    Name	Exworth
    Union Inc.

 

    	6

     

    

 

2.7 Application
of Payments. Any funds received as payment from or on behalf of the Borrower (whether pursuant to any of the terms and provisions
of the Loan Documents or otherwise) shall be applied by Lender to the following items in the following manner:

 

		(i)	first,
                                            if applicable, to the payment to or reimbursement of Lender for any reasonable fees and expenses
                                            for which it is entitled to be paid or reimbursed pursuant to the Loan Documents;

 

		(ii)	second,
                                            to the payment of any accrued and unpaid interest due under the Agreement (after taking into
                                            account any other distributions received with respect to the Pledged Collateral); and

 

		(iii)	third,
                                            if such sums are paid at maturity to repay the Loan Principal Amount and any other Obligations.

 

2.8 Authority
and Rights of the Pledged Collateral. The Borrower acknowledges that the Lender has all rights, title, ownership and interest
associated with the Pledged Collateral during the term of this Agreement.

 

2.9 Payment
of Principal Amount and Interest on Maturity Date. Repayment of the Loan Principal Amount plus any other Obligations due to the
Lender, including but not limited to interest due on the Loan Principal Amount, shall be made on the Maturity Date. If the Lender has
not received the full Loan Principal Amount and all other Obligations due to the Lender in immediately available funds before the close
of business within ten (10) calendar days after the Maturity Date, Borrower shall pay to Lender a late charge equal to the five percent
(5%) of the amount of the Loan Principal Amount that is then due. Such late charges shall be assessed only once, but shall be in addition
to and cumulative with all other interest charges, rights, benefits and remedies available to Lender under any of the Loan Documents
on account of any default by Borrower. If the overdue Loan Principal Amount and other Obligations are not received by the Lender within
thirty (30) days of the original due date, the Lender will send a notice to the Borrower advising the Borrower that the Loan will terminate
under the default provisions of this Agreement if the payments due are not received by the Lender within five

(5)
business days from the date such final notice was sent.

 

    	7

     

    

 

The
Lender is not required to apply the proceeds of the sale of any Pledged Collateral that may occur during the term of the Loan to reduce
the Loan Principal Amount or any other Obligations.

 

2.10 Loan
Termination and Redelivery of the Pledged Collateral. This Agreement shall terminate when all of the Borrower’s Obligations
have been paid in full. The Lender confirms and will maintain its full ability to return the Pledged Collateral at Maturity. Within five
(5) business days of the Borrower’s satisfaction of the Obligations, the Lender shall reassign all right, title, ownership and
interest in Bitcoins of an identical class, which Bitcoins are equal to the number of Bitcoins which Borrower would have owned as of
the date of the repayment to Lender. Provided, however, that this Agreement shall be reinstated if any payment in respect of the Obligations
is rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be restored or returned by the Lender for
any reason (other than due to the default, fraud or negligence of the Lender). Any additional Bitcoins tendered to cure the Valuation
Event do become part of the Pledged Collateral, and such Bitcoins or cash payment are subject to redelivery at Maturity.

 

SECTION
3

 

NATURE
OF LOAN AND PLEDGE

 

3.1
Non-Recourse Loan and Pledge. Subject to the qualification below, the Lender agrees, for itself, its representatives, successors
and assigns that: (i) the Lender, and any such representative, successor or assignee, shall look only to the property identified in the
Pledge Agreement for payment of the Obligations and will not make any claim or institute any action or proceeding against the Borrower,
or any representatives, successors, assigns or affiliate of the Borrower, for any deficiency remaining after collection of the Pledged
Collateral; and (ii) the Borrower shall have no personal liability for the Obligations except as provided below.

 

Provided,
however, notwithstanding the foregoing, the Borrower is and will remain personally liable for any deficiency remaining
after collection against the Pledged Collateral to the extent of any loss suffered by the Lender, or its representatives, successors,
endorsees or assigns, is caused by the Borrower based in whole or in part upon damages arising from any fraud, misrepresentations or
the breach of any representation, warranty or agreement in the Loan Documents.

 

SECTION
4

 

REPRESENTATIONS
AND WARRANTIES OF BORROWER

 

Borrower
represents and warrants to Lender that:

 

4.1 No
Liens or Restrictions. As of the date of this Agreement, the Bitcoins constituting the Pledged Collateral is owned by the
Borrower free and clear of any Liens and said Bitcoins are free of any restriction, are freely tradable and transferable Bitcoins and
do not have any restrictive legend.

 

    	8

     

    

 

4.2 Consents.
This Agreement and all the other Loan Documents executed by and to be executed by the Borrower constitute valid and binding obligations
of the Borrower enforceable in accordance with its respective terms and are to be construed and interpreted as a whole, the same being
part of an integrated transaction. To the Borrower’s knowledge, no consent of any other party and no consent, license, approval,
or authorization of any governmental authority is required in connection with the borrowing by the Borrower hereunder, the execution,
delivery, and performance of this Agreement, and any of the other Loan Documents executed or to be executed in connection herewith.

 

4.3 No
Conflicts. The borrowing by the Borrower hereunder and the execution and delivery by the Borrower of this Agreement and any other
Loan Documents executed and to be executed by the Borrower, do not conflict with or result in the breach of any agreement, mortgage or
similar instrument under which Borrower is bound, or, to the Borrower’s knowledge, any law, rule, or regulation of any governmental
agency applicable to it.

 

4.4 No
Default. The Borrower is not in default under any note, bond, mortgage or indenture, contract, agreement, lease, sublease, license,
permit, franchise or other instrument or arrangement to which the Borrower is a party or by which the Borrower or the Pledged Collateral
(if applicable) are bound or affected or which would have an effect on the ability of the Borrower to consummate the transactions contemplated
by this Agreement.

 

4.5 No
Additional Liens. The Borrower covenants that so long as the Loan or any Obligations to the Lender remain outstanding and unpaid,
the Borrower shall not create, assume or suffer to exist any Lien of any kind upon any of the Pledged Collateral.

 

4.6 Anti-Money
Laundering Program. Borrower represents and warrants that (i) it did, now does, and will continue to comply with anti-money
laundering laws and regulations and (ii) it has established and maintains an anti-money laundering program, consisting of, at a minimum,
written internal policies, procedures and controls including a means for detecting and reporting unusual or potentially suspicious activity,
the designation of an anti-money laundering compliance officer, an ongoing employee training program, an independent audit function to
test such programs annually, and any additional requirements set forth in the rules of any regulatory or self-regulatory organization
which has jurisdiction over Borrower. At the request of Lender, Borrower shall provide such written further assurances as Lender may
reasonably request that Borrower maintains an anti-money laundering program. Borrower further represents and warrants that where Borrower
pledges the Bitcoin hereunder none of the Bitcoin being pledged to Lender violated, or were otherwise suspected of violating, Borrower’s
anti-money laundering program.

 

    	9

     

    

 

4.7 OFAC.
Borrower hereby agrees and acknowledges that it is obligated to and hereby represents and warrants that it did, now does, and will continue
to comply with rules and regulations enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”).
Borrower represents and warrants that neither it nor any person who controls Borrower bears a name that appears on the List of
Specially Designated Nationals and Blocked Persons maintained by OFAC from time to time. Borrower hereby represents and warrants that
none of the Bitcoin pledged to Lender hereunder came from a third party that violated, or otherwise would violate, the provisions of
any rules, regulations, or laws administered by OFAC, or be subject to other restriction based on such relevant government lists as may
be published from time to time.

 

4.8 Source
and Use of Pledged Collateral. Borrower represents and warrants that (i) none of the Bitcoin it pledges to Lender hereunder were
sourced from a third party that is/was engaged in unlawful activities under state, federal or non-U.S. statutes (e.g., the Federal Controlled
Substances Act) and (ii) any Bitcoin it pledges to Lender hereunder has been lawfully obtained and has not been, is not, and will not
be, used in any illegal activities. In addition, Borrower represents and warrants that neither it nor any person who controls Borrower
resides in or whose subscription funds are transferred from or through an account in a Non-Cooperative Jurisdiction. For purposes of
this Agreement, a “Non-Cooperative Jurisdiction” shall mean any country or territory that has been designated as non-cooperative
with international anti-money laundering principles or procedures by an intergovernmental group or organization, such as the Financial
Action Task Force on Money Laundering, of which the United States is a member and with which designation the United States representative
to the group or organization continues to concur.

 

4.9 Foreign
Shell Bank. Borrower represents and warrants that neither it nor any person who controls Borrower is a Foreign Bank without a
Physical Presence in any country, but does not include a regulated affiliate. For purposes of this Agreement, a “Foreign Bank”
shall mean an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii)
is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations,
(iv) receives deposits to a substantial extent in the regular course of its business, and has the power to accept demand deposits, but
does not include the U.S. branches or agencies of a foreign bank. In addition, “Physical Presence” shall mean a place of
business that is maintained by a Foreign Bank and is located at a fixed address, other than solely a post office box or an electronic
address, in a country in which the Foreign Bank is authorized to conduct banking activities, at which location the Foreign Bank (i) employs
one or more individuals on a full-time basis, (ii) maintains operating records related to its banking activities, and (iii) is subject
to inspection by the banking authority that licensed the Foreign Bank to conduct banking activities.

 

4.10 No
Material Information. There is no material fact known to the Borrower regarding any Bitcoin pledged to Lender hereunder
which materially adversely affects or is likely or is anticipated to materially adversely affect such Bitcoin.

 

    	10

     

    

 

SECTION
5

 

REPRESENTATIONS
AND WARRANTIES OF LENDER

 

The
Lender represents and warrants to the Borrower that:

 

5.1
Compliance. The lending of the Loan by the Lender to the Borrower and the execution and delivery by the Lender of this
Agreement and any other Loan Documents executed and to be executed by the Lender, do not conflict with or result in the breach of any
agreement, mortgage or similar instrument under which the Lender is bound, or, to the Lender’s knowledge, any law, rule, or regulation
of any governmental agency applicable to it.

 

SECTION
6 

 

RISK
FACTORS

 

Borrower
has carefully reviewed, acknowledged, understands and assumes the following risks, as well as all other risks associated with Pledged
Collateral (including those not discussed herein), all of which could render Bitcoin worthless or of little value:

 

6.1 Liquidity.
There is no guarantee or representation of liquidity and/or transferability of Pledged Collateral in the future.

 

6.2 Security.
Pledged Collateral may be subject to expropriation and/or theft, intentional or unintentional bugs or weaknesses that may negatively
affect the Pledged Collateral or result in loss or ability to access Pledged Collateral.

 

6.3 Access
to Private Keys. Loss of private key(s) associated with the Borrower’s Digital Wallet or vault will result in loss of Pledged
Collateral.

 

6.4 Uncertain
Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled
in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise
difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will
affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact the Pledged
Collateral in various ways.

 

    	11

     

    

 

SECTION
7

 

CONDITIONS
TO LENDER’S OBLIGATIONS

 

The
obligation of the Lender to make the Loan is subject to the satisfaction of the following conditions precedent (to the satisfaction of
the Lender):

 

 7.1 Pre-Closing Deliveries. The Borrower shall have delivered to the Lender:

 

		(a)	the
                                            Master Loan Agreement and Master Pledge Agreement duly executed by the Borrower; and

 

		(b)	the
                                            Bitcoin representing the Pledged Collateral. Delivery instructions for the wallet-to-wallet
                                            transfer of Bitcoin to Lender, including Lender’s Digital Wallet address(es) for receiving
                                            the Pledged Collateral will be provided at the time of transfer of the Pledged Collateral.

 

7.2 Legal
Matters. All matters and all documentation and other instruments in connection with the Loan shall be satisfactory in form and
substance to the Lender and the Borrower and their respective counsels, and counsel to the Lender shall have received copies of all documents
which it may reasonably request in connection with the Loan.

 

7.3 Regulations.
The making of the Loan by Lender to Borrower and the execution, delivery and performance of any documents or agreements shall be in compliance
with any applicable laws and government regulations imposed upon Lender and the Borrower.

 

SECTION
8

 

EVENTS
OF DEFAULT AND REMEDIES

 

8.1 Events
of Default. An “Event of Default” shall exist if any one or more of the following shall occur:

 

		(a)	Failure
                                            by the Borrower to pay the interest, Extension Fee, Loan Principal Amount or any other Obligations
                                            when due whether on the original due date, the Maturity Date, any earlier date resulting
                                            from acceleration subject to the additional time provided in Section 2.2(c) and Section 2.9
                                            of this Agreement to cure the late payment; or

 

		(b)	If
                                            any representation or warranty made by the Borrower in this Agreement or in any statement
                                            furnished at or in contemplation of the Closing Date or pursuant to this Agreement or any
                                            other Loan Document shall prove to have been knowingly untrue or misleading in any material
                                            respect at the time made; or

 

		(c)	Default
                                            by the Borrower in the performance of or observance of any covenant or agreement contained
                                            in this Agreement or default in any other Loan Document which is not cured within a reasonable
                                            time; or

 

    	12

     

    

 

		(d)	If
                                            the Bitcoin ceases, or all trading is otherwise halted, on all exchanges globally, centralized
                                            and de-centralized, for more than three (3) consecutive business days for any other reason;
                                            or

 

		(e)	If
                                            the Borrower shall make a general assignment for the benefit of creditors or consent to the
                                            appointment of a receiver, liquidator, custodian, or similar official of all or substantially
                                            all of its properties, or any such official is placed in control of such properties, or the
                                            Borrower admits in writing its inability to pay its debts as they mature; or

 

		(f)	If
                                            documents shall at any time after their execution and delivery for any reason cease to be
                                            in full force and effect or shall be declared null or void, or the validity or enforceability
                                            thereof shall be contested by the Borrower or by any other Person; or

 

		(g)	If
                                            a Valuation Event occurs and Borrower fails to cure such Valuation Event as provided herein:

 

		(1)	A
                                            Valuation Event occurs when the Fair Market Price (“FMP”) of the Pledged Collateral
                                            has fallen to below the Default Floor.

 

		(2)	If
                                            a Valuation Event occurs, the Lender shall provide written notice of such event to the Borrower,
                                            and, upon receipt of such written notice, Borrower shall have five (5) business days commencing
                                            on the date the written notice is received to top up the collateral and cure the deficiency
                                            in value in United States Dollars (USD) or Bitcoin equivalent. Within such cure period, the
                                            Borrower must cure this default by the delivery to the Lender of additional USD or Bitcoin
                                            in the amount equal to such deficiency. The Lender shall have the right to demand the payment
                                            of USD and shall have no obligation to accept Bitcoin if the Lender elects to demand a cure
                                            in the form of USD.

 

		(3)	The
                                            provision of additional USD or Bitcoin serves to reduce, or buy down, the Default Floor to
                                            a new lower Default Floor for the Pledged Collateral. Any additional Bitcoin tendered to
                                            cure the Valuation Event do become part of the Pledged Collateral, and such Bitcoin or USD
                                            payments are subject to redelivery at Maturity.

 

		(h)	If
                                            the Lender does not receive the Borrower’s written Proof of Funds under Section 2.5(e)
                                            no later than fifty-eight (58) calendar days prior to the Maturity Date.

 

    	13

     

    

 

		(i)	If
                                            the Lender does not receive the Extension Fee under Section 2.5(c) no later than fifty-eight
                                            (58) days prior to the original Maturity Date.

 

8.2 Rights
Upon an Uncured Event of Default. If at any time an Event of Default has occurred and is continuing beyond any applicable cure
period, the non-defaulting party shall issue a written notice to the defaulting party specifying the relevant Event of Default (a “Default
Notice”), and designate a day not earlier than the day such notice is effective as an early termination date due to an Event
of Default (“Early Termination Date”).

 

This
Agreement and all obligations of the Lender and the Borrower hereunder shall terminate on the Early Termination Date due to default.
In the event of any claim whatsoever or howsoever made by the Lender against the Borrower under or in connection with this Agreement,
other than resulting from fraud or from misrepresentation, the Lender releases and discharges the Borrower from any such claim and the
Lender will have recourse only to the Pledged Collateral, any proceeds derived therefrom, from time to time, and the aggregate amount
realized from any liquidation of or enforcement against the Pledged Collateral.

 

SECTION
9 

 

ARBITRATION

 

9.1 Arbitration
of Claims, Disputes, or Controversies. The parties shall endeavor to settle any dispute, controversy or claim arising out of
or relating to this Agreement including the existence, validity, interpretation, performance, breach or termination thereof, or any
dispute regarding non-contractual obligations arising out of or relating to it (“Dispute”) first by direct
negotiation between managing directors or similar senior executives within 30 days after written notice has been sent by one party
to the other party (the “Consultation Period”). However if direct negotiation does not result in a resolution of
the Dispute within the Consultation Period, either Party may require that the Dispute be referred to and finally resolved by
arbitration administered by the Hong Kong International Arbitration Centre under the Hong Kong International Arbitration Centre
Administered Arbitration rules in force when the Notice of Arbitration is submitted by three (3) arbitrators. In such a case, each
Party to the arbitration shall, in accordance with the said rules, appoint one (1) arbitrator and the arbitrators so appointed by
the Parties shall in turn mutually select one (1) additional arbitrator. The place of arbitration shall be Hong Kong and the
proceedings shall be conducted in the English language. The award shall be final and legally binding on the Parties and shall be
subject to enforcement in any courts having jurisdiction over the Parties.

 

    	14

     

    

 

SECTION
10

 

INDEMNITY
AND LIMITATION OF LIABILITY

 

10.1
Either party shall indemnify and hold the other party harmless against any and all claims, demands, proceedings, suits, actions,
damages, liabilities, losses, expenses and costs (which shall include, but not limited to all costs of defense, investigation and
accounting and legal fees) to which the other party may become subject as a result of the defaulting party’s fraud,
negligence, willful misconduct or breach of any obligation under this Agreement.

 

10.2 Neither
party shall be liable for any indirect, incidental or consequential loss or damages, including loss revenue or profits or losses arising
from its normal course of business, even if a party has been advised of the possibility of such damages.

 

10.3 Each
provision of this Section operates independently and survives the termination of this Agreement.

 

SECTION
11

 

MISCELLANEOUS

 

11.1 Notices.
All notices, requests or other communications to either of the parties by the other shall be in writing, sent by overnight mail by a
reputable commercial carrier, or by electronic mail and shall be deemed duly given on the earlier of the date the same is delivered
in person or when deposited in the mail, postage prepaid, to the following addresses, or to such other addresses as the addressee
has by prior notice to the sender specified for the purpose in writing:

 

If
to the Lender:

 

[***]

 

If
to the Borrower:

 

Exworth
Union Inc.

JFK
Parkway, Suite 135

Short
Hills, NJ 07078

eason@exworth.group

 

Either
party may designate by notice in writing to the other a new address to which notices, requests and other communications hereunder shall
be given.

 

11.2 Governing
Law. This Agreement and all instruments delivered hereunder shall be governed by and construed in accordance with the laws
of the Hong Kong Special Administrative Region of the People’s Republic of China. Any and all claims, controversies, and
causes of action arising out of or relating to this agreement, whether sounding in contract, tort, or statute, shall be governed by
the laws of the Hong Kong Special Administrative Region of the People’s Republic of China, including its statutes of
limitations, without giving effect to any conflict-of-laws rule that would result in the application of the laws of a different
jurisdiction.

 

    	15

     

    

 

11.3 Further
Assurances. The Borrower hereby agrees to execute and deliver such further instruments and documents as may be reasonably requested
by the Lender in order to carry out fully the intent and accomplish the purposes of this Agreement and the transactions referred to herein.
The Borrower agrees to take any action which the Lender may reasonably request in order to obtain and enjoy the full rights and benefits
granted to the Lender by this Agreement and each other agreement, instrument and document delivered to the Lender in connection herewith.

 

11.4 Survival
of Agreements. Except as herein provided, all agreements, representations and warranties made herein and in any certificate delivered
pursuant hereto, shall survive the execution and delivery of this Agreement.

 

11.5 Waivers.
No failure to exercise and no delay in exercising, any right, power or privilege under this Agreement or any agreement or instrument
delivered to either party hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power
or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. No waiver of any
provision of this Agreement shall be effective unless agreed to in writing by the parties and any such waiver shall not constitute a
waiver in the future of any of the provisions of any of the foregoing documents, except as may be specifically provided in any such waiver.
No course of dealing between the Borrower and the Lender shall operate as a waiver of any of the rights of the parties under this Agreement.

 

11.6 Gender
and Number. Unless the context otherwise requires, when used herein, the singular includes the plural, and vice-versa, and the
masculine includes the feminine and neuter, and vice-versa.

 

11.7 Captions.
Captions used herein are inserted for convenience only and shall not be given any legal effect.

 

11.8 Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same agreement.

 

11.9 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the Lender and the Borrower and its respective
successors and assigns.

 

    	16

     

    

 

11.10 Confidentiality.
This Agreement is to be kept confidential and is not to be reproduced in any manner whosoever for persons other than the parties hereto.
Each party agrees not to circumvent the legitimate interests of the other party and to maintain this transaction in strict confidentiality.

 

Each
Party (Receiving Party) agrees that in the course of performance of this Agreement it may obtain or otherwise become aware of
information of a confidential nature pertaining to the business, finances, trade, operations or other information (Confidential Information)
belonging to or pertaining to the other party (Disclosing Party). The Receiving Party shall not disclose any part of the Confidential
Information to any person other than whose knowledge is essential for the performance of this Agreement. The obligations specified in
this clause do not apply to any Confidential Information to the extent that it is now or subsequently becomes publicly available through
no fault of the Receiving Party or which the Receiving Party can demonstrate was known to it before receipt from the Disclosing Party,
or which is or has been received from another source without obligation as to confidentiality, or which is required to be disclosed by
law or regulating authority, or which is or has been independently developed by the Receiving Party without reference to the information
disclosed to it by the Disclosing Party. The provisions of this Section 11.10 shall survive the termination of this Agreement.

 

11.11 Force
Majeure. Notwithstanding any provision of this Agreement, neither party shall be liable for its inability in performing any of
its obligations hereunder (other than an obligation to make payment) if such inability is caused by or arises as a result of a Force
Majeure Event. For the purposes of this clause a Force Majeure Event means any circumstances beyond the reasonable control of the relevant
party including, without limitation, inability or delay caused through acts of God, fire, flood, riot, industrial dispute of any kind
(other than disputes involving that party’s own employees or the employees of an affiliate of that party), lightning, explosion,
civil commotion, malicious damage, storm, tempest, acts or omissions of communications carriers or any third party, act of government
or other regulatory authority, acts or omissions of persons or bodies for whom the party affected thereby is not responsible, and any
other circumstances beyond the reasonable control of the relevant party.

 

The
party affected by the Force Majeure Event shall promptly notify the other of the estimated extent and duration of such inability to perform
its obligations hereunder and in the event that this Agreement cannot be performed according to its terms for a continuous period of
one (1) month by reason of such Force Majeure Event, the affected Party shall be entitled to terminate this Agreement forthwith without
any liability whatsoever to the other.

 

11.12 Assignment.
This Agreement cannot be assigned nor transferred by a party without the prior written consent of the other party. Such consent shall
not to be unreasonably withheld.

 

11.13 Entire
Agreement. This Agreement contains the entire agreement between the parties hereto and may be amended, changed or terminated
only by an instrument in writing signed by the parties hereto. The parties hereby acknowledge and represent that they have not relied
on any representation, assertion, guarantee, explanation, warranty, collateral contract or other assurance, except those set out in this
agreement, made by or on behalf of any other party or any other person or entity whatsoever, prior to the execution of this agreement.
The parties hereby waive all rights and remedies, at law or in equity, arising or which may arise as the result of a party’s reliance
on such representation, assertion, guarantee, explanation, warranty, collateral contract or other assurance.

 

11.14 Amendments.
Amendments to this Agreement (including the adding or updating of any Annex, appendices, annexures or schedule) shall not be effective
unless in writing and signed by authorized signatories on behalf of both parties.

 

    	17

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year written below. It is specifically
agreed and understood that this Agreement shall not be binding upon the parties until the date it is actually signed by the Lender, and
that shall be the effective date of this Agreement.

 

	 	BORROWER:
	 	 
	 	EXWORTH UNION INC.
	 	 
	 	 
	 	/s/ Zhihao Chen
	 	Signature
	 	 
	 	Zhihao Chen
	 	Printed Name
	 	 
	 	Director
	 	Title
	 	 
	 	May 28, 2022
	 	Date
	 	 
	 	LENDER:
	 	 
	 	[***]
	 	 
	 	 
	 	Signature
	 	 
	 	 
	 	Printed Name
	 	 
	 	 
	 	Title
	 	 
	 	 
	 	Date

 

    	18

     

    

 

[***]

 

Closing
Statement

___________________,
20 ___

 

	Re:	Master
    Loan Agreement (the “Master Agreement”) by and between Exworth Union Inc. (“Borrower”) and [***] (“Lender”)

 

	To:	Exworth
    Union Inc.
	 	JFK
    Parkway,  Suite 135
	 	Short
    Hills, NJ 07078
	 	eason@exworth.group

 

This
comprises the Closing Statement referred to in the Master Agreement. Capitalized terms used but not defined herein shall have the meanings
given to such terms in the Master Agreement. No further or additional Closing Statement shall be provided with respect to the Loan set
forth in the Master Agreement. The Closing Date of the Loan shall be _________________, 20__.

 

On
_________________, 20 , you delivered 100 Bitcoins to the Lender’s specified Digital Wallet address(es) pursuant to the
Master Agreement as collateral of the Loan and in accordance with the provisions under the Master Pledge Agreement by and between
the Borrower and Lender. The average of the last sale price on three consecutive business days beginning on the Verification Day of
____($____ USD, $_____ USD, and $_____ USD) is $____ USD. Accordingly, and calculated based upon a 70% LTV, the loan proceeds to be
distributed to the Borrower on the Closing Date under the Master Agreement will be as follows:

 

	Principal
    Amount of the Loan	$	USD
	Loan Origination Fee (1%)	$	USD
	Less Advanced Funds	($1,000,000.00)	USD
	Net Loan Proceeds to Borrower	$	USD

 

 

The
Loan shall mature, and the Loan Principal Amount together with all accrued interest thereon shall be due and payable twenty-four (24)
months subsequent to the Closing Date in accordance with Section 2.5.

 

The
Net Loan Proceeds will be transmitted to you on the Closing Date in accordance with the payment instructions provided in Section 2.6
of the Master Agreement. Specifically, to the following:

 

	Bank/Institution
    Name	JPMorgan
    Chase Bank
	Swift
    No.	[***]
	Account
    Number	[***]
	Account
    Name	Exworth
    Union Inc.

 

The
first quarterly interest payment due under the Master Agreement will be due on , 20 . All interest payments will be in United States
Dollars and the amount of interest due each quarter is $ . Please ensure timely payment of this interest payment.

 

[***]
appreciates your business and please do not hesitate to contact us at any time should you have any questions or concerns.

 

    	19

     

    

 

EXHIBIT
1

 

    	20

     

    

 

[***]

 

TRANCHE
#[•] LOAN AGREEMENT

 

The
Borrower and Lender hereby agree as follows:

 

1) That
each has elected to proceed with a new additional loan transaction collateralized by additional Bitcoin, as defined in the Master Loan
Agreement;

 

2) That
each agrees to hereby incorporate by reference the Master Loan Agreement and the Master Pledge Agreement into this Tranche Loan Agreement
so as to contain the full terms and conditions of their mutual agreement substituting only the following new terms in the Master Loan
Agreement, Section 2.1, Loan Principal Amount and the Master Pledge Agreement, Recitals, Section B and Section 2.1, Pledge by Pledgor,
regarding the Loan-to-Value Ratio offered on the new Pledged Collateral and a new agreed upon number of Bitcoin constituting the Pledged
Collateral;

 

		i)	the
                                            Loan-to-Value Ratio shall be 70%;

 

		ii)	the
                                            number of Bitcoins shall be _____________________; and

 

		iii)	the
                                            Origination Fee shall be 1%;

 

		iv)	the
                                            Advanced Funds amount will be $ ______________________USD;

 

		v)	the
                                            Maturity Date for this Tranche Loan Agreement shall be ____________________ subsequent
                                            to the occurrence of the Closing Date of Tranche # .

 

3) That
each agrees this Tranche Loan Agreement is a new loan and the effective dates in the Master Loan Agreement and the Master Pledge Agreement
shall be reset in accordance with Section 2.5 of the Master Loan Agreement and commence from the final full execution date of the last
signatory of this Tranche Loan Agreement.

 

    	21

     

    

 

	BORROWER:	 	LENDER:
	 	 	 
	EXWORTH
    UNION INC.	 	[***]
	 	 	 
	Not
    for signature – EXHIBIT ONLY	 	 
	Signature	 	Signature
	 	 	 
	 	 	 
	Printed
    Name	 	Printed
    Name
	 	 	 
	 	 	 
	Title	 	Title
	 	 	 
	 	 	 
	Date	 	Date

 

    	22

     

    

 

EXHIBIT
2

 

    	23

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