Document:

Exhibit 4.1

 

THIS PROMISSORY NOTE (THE “NOTE”)
HAS NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE
NOTE IS BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”). THE NOTE IS “RESTRICTED” AND MAY NOT BE OFFERED OR SOLD UNLESS IT
IS REGISTERED UNDER THE ACT, PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF
THE ACT, AND THE COMPANY RECEIVES AN OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT
SUCH EXEMPTIONS ARE AVAILABLE.

 

PROMISSORY NOTE

 

	$175,000.00	December 31,
    2019

 

THIS PROMISSORY
NOTE (this “Note”) is issued by HOMETOWN INTERNATIONAL, INC., a Nevada corporation, with an address
at 25 E. Grant Street, Woodstown, New Jersey 08098 (the “Company”), to PETER COKER, JR. with an address
at ____________________ (the “Holder”).

 

ARTICLE I

 

Section 1.01 Principal.
For value received, the Company hereby promises to pay on or before June 30, 2020 (the “Maturity Date”)
to the order of the Holder, in lawful money of the United States of America and in immediately available funds, the principal
sum of One Hundred Seventy-Five Thousand Dollars ($175,000.00) (the “Principal Amount”).

 

Section 1.02 Interest.
Interest shall accrue on the Principal Amount at the rate of eight percent (8%) per annum (computed on the basis of a 365-day
year and the actual days elapsed) from the date of this Note until the Principal Amount is repaid in full.

 

Section 1.03 Payment
of Interest. Interest on the Principal Amount shall be due and payable on the Maturity Date.

 

Notwithstanding any provision contained
herein to the contrary, the total liability of the Company for payment of interest pursuant hereto, including late charges, shall
not exceed the maximum amount of such interest permitted by law to be charged, collected, or received from the Company, and if
any payments by the Company include interest in excess of such a maximum amount, the Holder shall apply such excess to the reduction
of the unpaid Principal Amount, or if none is due, such excess shall be refunded.

 

Section 1.04 Right to
Prepay. The Company shall have the right to prepay all or any portion of the Principal Amount and all accrued interest
thereon (the “Prepaid Amount”) at any time, on or before the Maturity Date, without penalty or premium.

 

     

     

    

 

ARTICLE II

 

Section 2.01 Representations
and Warranties of the Holder. The Holder hereby acknowledges, represents and warrants to, and agrees with, the Company
and its affiliates as follows:

 

(a) The Holder
understands that this Note has not been registered under the Securities Act of 1933, as amended (the “Securities Act”)
or registered or qualified under any the securities laws of any state or other jurisdiction, and is a “restricted security,”
and cannot be resold or otherwise transferred unless it is registered under the Securities Act, and registered or qualified under
any other applicable securities laws, or an exemption from such registration and qualification is available.

 

(b) The Holder
is acquiring this Note for its own account as principal, not as a nominee or agent, for investment purposes only, and not with
a view to, or for, resale, distribution or fractionalization thereof in whole or in part, and no other person has a direct or indirect
beneficial interest in this Note or any portion thereof. Further, the Holder does not have any contract, undertaking, agreement
or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to
this Note for which the Holder is subscribing or any part of thereof.

 

(c) The Holder
has full power and authority to enter into this Note, the execution and delivery of this Note has been duly authorized, and this
Note constitutes a valid and legally binding obligation of the Holder.

 

(d) The Holder
is not subscribing for this Note as a result of or subsequent to any advertisement, article, notice or other communication published
in any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any
solicitation of a subscription by person previously not known to the Holder in connection with investment.

 

(e) The Holder
understands that the Company is under no obligation to register this Note under the Securities Act, or to assist the Holder in
complying with the Securities Act or the securities laws of any state of the United States or of any foreign jurisdiction.

 

(f) The Holder
is (i) experienced in making investments of the kind, (ii) able, by reason of the business and financial experience of its officers
(if an entity) and professional advisors (who are not affiliated with or compensated in any way by the Company or any of its affiliates
or selling agents), to protect its own interests in connection with the transactions described in this Note, and the related documents,
and (iii) able to afford the entire loss of its investment in this Note.

 

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(g) The Holder
has the financial ability to bear the economic risk of its investment, has adequate means for providing for his current needs and
personal contingencies and has no need for liquidity with respect to its investment in this Note.

 

(h) The Holder
has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the
prospective investment in this Note. The Holder is not relying on the Company, or its affiliates or agents, with respect to economic
considerations involved in this investment. The Holder has relied solely on its own advisors.

 

(i) The Holder
has been provided an opportunity for a reasonable period of time prior to the date hereof to obtain additional information concerning
this Note and the Company and all other information, to the extent the Company possesses such information or can acquire it without
unreasonable effort or expense, and agrees and acknowledges that it has carefully reviewed all of the filings made by the Company.

 

(j) No representations or warranties
have been made to the Holder by the Company, or any officer, employee, agent, affiliate or subsidiary of the Company, other than
the representations of the Company contained herein, and in subscribing for this Note, the Holder is not relying upon any representations
other than those contained herein. The Holder has consulted, to the extent it has deemed appropriate, with its own advisers as
to the financial, tax, legal and related matters concerning an investment in this Note and on that basis believes that its investment
in this Note is suitable and appropriate for the Holder.

 

(k) The Holder
is an “accredited investor” as that term is defined in Rule 501 of the General Rules and Regulations under the Securities
Act.

 

ARTICLE III

 

Section 3.01 Representations
and Warranties of the Company. The Company hereby acknowledges, represents and warrants to, and agrees with, the Holder
as follows:

 

(a) Organization. The Company
is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada. The Company has
all requisite power to own, operate and lease its business and assets and carry on its business as the same is now being conducted.

 

(b) Corporate Power and Authority.
The Company has all requisite power and authority to enter into and deliver this Note and to consummate the transactions contemplated
hereby. The execution, delivery, and performance of this Note by the Company and the consummation of the transactions contemplated
hereby, have been duly authorized by all necessary action and no other action or proceeding on the part of the Company is necessary
to authorize the execution, delivery, and performance by the Company of this Note and the consummation by the Company of the transactions
contemplated hereby.

 

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ARTICLE IV

 

Section 4.01 Events of
Default.  Upon the occurrence of any of the following events (each, an “Event of Default”) (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) an Event
of Default shall be deemed to have occurred:

 

(a) Default in the payment of the
Principal Amount on the Maturity Date, which default has not been cured within 10 days after its due date by acceleration or otherwise;
or

 

(b) Default in the payment, when due
or declared due, of any interest payment hereunder, which default has not been cured within 10 days after its due date by acceleration
or otherwise; or

 

(c) The Company
files for relief under the United States Bankruptcy Code (the “Bankruptcy Code”) or under any other state or
federal bankruptcy or insolvency law, or files an assignment for the benefit of creditors, or if an involuntary proceeding under
the Bankruptcy Code or under any other federal or state bankruptcy or insolvency law is commenced against the Company, and has
not been resolved in a period of thirty (30) days after such commencement.

 

Section 4.02 Effect of
Default. Upon the occurrence of an Event of Default as set forth in Section 4.01, the Holder shall have the right
to declare the Principal Amount and all interest accrued thereon to be immediately due and payable.

 

ARTICLE V

 

Section 5.01 Notice.  All
notices, requests, claims, demands and other communications given or made pursuant hereto shall be in writing and shall be deemed
to have been duly given if delivered in person against written receipt, by facsimile transmission, overnight courier prepaid, or
mailed by prepaid first class registered or certified mail, postage prepaid, return receipt requested to the respective parties
at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this
Section):

 

(i) If
to the Company:

 

Hometown International,
Inc.

25 E. Grant
Street

Woodstown,
NJ 08098 

 

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(ii) If to the Holder:

 

Peter Coker, Jr.

____________________

____________________

 

All such notices, requests and other communications
will (i) if delivered personally to the address as provided in this Section, be deemed given upon delivery, (ii) if delivered by
facsimile transmission to the facsimile number as provided in this Section, be deemed given upon receipt, (iii) if delivered by
overnight courier to the address as provided in this Section, be deemed given on the earlier of the first business day following
the date sent by such overnight courier or upon receipt, or (iv) if delivered by mail in the manner described above to the address
provided in this Section, be deemed given on the earlier of the third business day following mailing or upon receipt.

 

Section 5.02 Governing
Law. This Note shall be deemed to be made under and shall be construed in accordance with the laws of the State of New
Jersey without giving effect to the principals of conflict of laws thereof.

 

Section 5.03 Severability.
The invalidity of any of the provisions of this Note shall not invalidate or otherwise affect any of the other provisions of
this Note, which shall remain in full force and effect.

 

Section 5.04 Construction
and Joint Preparation. This Note shall be construed to effectuate the mutual intent of the parties. The parties and their
counsel have cooperated in the drafting and preparation of this Note, and this Note therefore shall not be construed against any
party by virtue of its role as the drafter thereof. No drafts of this Note shall be offered by any party, nor shall any draft be
admissible in any proceeding, to explain or construe this Note. The headings contained in this Note are intended for convenience
of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Note.     

 

Section 5.05 Entire
Agreement and Amendments. This Note shall be binding upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the Company and the Holder. This Note represents the entire agreement between the parties hereto with
respect to the subject matter hereof and there are no representations, warranties or commitments, except as set forth herein. This
Note may be amended only by an instrument in writing executed by the parties hereto.

 

Section 5.06 Counterparts.
This Note may be executed in multiple counterparts, each of which shall be an original, but all of which shall be deemed to
constitute on instrument.

 

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

 

	 	HOMETOWN INTERNATIONAL, INC.
	 	 	 
	 	By:	/s/ Paul F. Morina
	 	Name:	Paul F. Morina
	 	Title:	President
	 	 	 
	 	/s/ Peter Coker, Jr.
	 	Peter Coker, Jr.

 

 

6Exhibit 10.1

 

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE
AGREEMENT (this “Agreement”) is made this 31st day of December, 2019 by and between Paul F. Morina (the
“Seller”), and Peter Coker, Jr. (the “Buyer”).

 

Whereas, Seller wishes
to sell 1,000,000 shares of the common stock, par value $0.0001 per share (the “Common Stock”), of Hometown
International, Inc., a Nevada corporation (the “Company”), to Buyer, and Buyer wishes to purchase such shares
from Seller, on the terms and conditions set forth herein.

 

Now, therefore, in
consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

Section 1. Purchase
and Sale of the Shares.

 

Section 1.1 Sale
of Shares. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties and
covenants contained herein, Buyer agrees to purchase from Seller, and Seller agrees to sell to Buyer, One Million (1,000,0000)
shares of Common Stock(the “Shares”), for a purchase price of $0.015 per share, or an aggregate purchase
price of One Thousand Five Hundred Dollars ($1,500).

 

Section 1.2 Closing.

 

(1) The closing of the
transaction contemplated hereunder (the “Closing”) shall take place at the office of The Crone Law Group, P.C.,
500 Fifth Avenue, Suite 938, New York, NY 10110, counsel to the Company (“Counsel”) on the business date (“Closing
Date”) immediately following the date of which all of the conditions to closing as provided in Section 1(b)(2) are satisfied.
The parties agree to take all actions necessary or appropriate in order to have the Closing no later than ten (10) business days
from the date of this Agreement.

 

(2) Prior to the Closing
Date,

 

(i) Seller
shall deliver to Counsel an original certificate(s) issued by the Company representing the Shares duly registered in the name of
Buyer and free of any legends or endorsements (the “Certificates”), in negotiable form, duly endorsed in blank
or with duly executed stock transfer powers attached thereto and, in either case, with a medallion signature guaranty or with a
waiver of medallion signature guaranty.

 

(ii) Buyer
shall deliver to Counsel the sum of One Thousand Five Hundred Dollars ($1,500).

 

(3) At the Closing, Counsel
shall remit One Thousand Five Hundred Dollars ($1,500) to the Seller and instruct the transfer agent for the Company to issue the
Shares in the name of the Buyer.

 

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Section 2. Representations
and Warranties of Seller. 

 

As an inducement to
Buyer to enter into this Agreement and to purchase the Shares, Seller hereby represents and warrants, on the date hereof and on
the Closing Date, as follows:

 

Section 2.1 Ownership
of Shares. Seller is the record and beneficial owner of the Shares and has sole power over the disposition of the Shares. Seller
owns of record and beneficially (with good, valid and indefeasible title to) all right, title and interest in and to the Shares,
free and clear of all liens, pledges, security interests, rights of third parties or any other encumbrances, other than as provided
under applicable securities laws. There are no existing options, rights, warrants, contracts, agreements or instruments of any
kind to which the Shares are subject, under or pursuant to which any person shall be given, provided or otherwise afforded the
right, option, occasion, possibility or opportunity to purchase, encumber, foreclose upon, acquire or obtain all or any portion
of the Shares. There is no right of first refusal or other restriction on transfer or sale of the Shares.

 

Section 2.2 Compliance
with Law and Other Instruments. The execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby and the performance of Seller’s obligations hereunder will not (and will not, with the passage of time or the giving
of notice or both) conflict with, or result in any breach, violation of or default under, any provision of any governing instrument
applicable to Seller, or any applicable contract or instrument to which Seller is a party or by which Seller, the Shares or any
of Seller’s properties are bound, or any permit, franchise, judgment, decree, statute, rule or regulation applicable to Seller,
the Shares or Seller’s business or properties.

 

Section 2.3 Authorization;
Enforceability. Seller has the legal right to enter into and to consummate the transactions contemplated hereby and otherwise
to carry out Seller’s obligations hereunder. The execution, delivery and performance by Seller of this Agreement has been
duly authorized by all requisite action by Seller, and the Agreement, when executed and delivered by Buyer Agent, constitutes a
valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights and remedies
generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity).

 

Section 2.4 Affiliate. Seller is
an officer, director and holder of 10% or more of the outstanding shares of, or otherwise an “affiliate” (as such term
is defined in Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”)) of, the Company.
Seller is not now nor has ever been an affiliate or associate of the Buyer and has no relationship with the Buyer other than pursuant
to this Agreement.

 

Section 2.5 No Group. Seller is
not acting and has not acted as a member of a partnership, syndicate or other group with other persons for the purpose of acquiring,
holding, or disposing of, or in connection with the voting of, securities of the Company.

 

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Section 2.6 No Brokers. Seller has
taken no action which would give rise to any claim by any person for brokerage commissions, finder’s fees or similar payments
relating to this Agreement or the transactions contemplated hereby.

  

Section 2.7 Experience
and Knowledge. Seller acknowledges and agrees that he (i) has extensive knowledge and experience in financial and business
matters; (ii) has had access to all information as to the Company as it has desired; (iii) has made its own inquiry and
investigation into, and, based thereon, has formed an independent judgment concerning the operations of the Company, its business
and prospects; and (iv) has received sufficient and satisfactory answers to all questions posed to the Company to evaluate
the merits and risks of the transactions contemplated by this Agreement.

 

Section 2.8 Diligence
by Seller. Seller has satisfied itself with respect to the operations, affairs, financial condition and prospects of the Company,
including, without limitation:

 

		(i)	the Company’s limited operations;

 

		(ii)	its audited and unaudited financial statements;

 

		(iii)	opinions of Company’s auditors as to the status
of the Company as a going concern;

 

		(iv)	management’s decision to reevaluate the Company’s
business model and plan;

 

		(v)	the fact that the Company may be contemplating and/or
engaged in discussions with other persons regarding a suitable financing transaction and/or business venture, such as a merger,
acquisition, joint venture, debt and/or equity placements and/or similar or other on-balance or off-balance sheet corporate transactions,
and may engage in any lawful act or activity, or engage in any business, for which corporations may be organized under the laws
of the state of the Company’s incorporation;

 

		(vi)	the fact that the Buyer may have information about
any such possible transactions that is not available to the Seller.

 

Section 2.9 Material Positive Effect.
Seller acknowledges that if the Company were to make such changes to its business plan and/or engage in any of the transactions
described in Section 0 above, such changes would be expected to have a material positive effect on the future value of the Company,
and in particular on the value of the Shares being purchased and sold pursuant to this Agreement. Seller understands and acknowledges
that the Shares could appreciate considerably in value in the near or long term and agrees to sell them anyway pursuant to this
Agreement.

 

Section 2.10 Company Disclosures.
Seller has no knowledge of a material fact about the operations, affairs, condition or prospects of the business or the financial
condition of the Company or the market for the Company’s securities that has not been publicly disclosed by the Company.

 

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Section 2.11 No Fiduciary Duty.
Seller hereby acknowledges and agrees that (i) at present there is no regular public market for the Shares; (ii) the purchase
and sale of the Shares is taking place in a private transaction between Seller and Buyer in an arm’s length commercial transaction
at a price negotiated and agreed to by Seller as the best possible current price for the Shares; (iii) Seller is solely responsible
for making its own judgments in connection with the Agreement (irrespective of whether the Company, its executive officers, auditors,
or other representatives have advised or are currently advising the Company or Seller on related or other matters); and (iv) Buyer
has not rendered advisory services of any nature or respect, nor owes any agency, fiduciary or other duty to Seller, in connection
with such transaction or the process leading thereto.

 

Section 3. Representations
and Warranties of the Buyer. 

 

As an inducement to
Seller to enter into this Agreement and to sell the Shares, Buyer hereby warrants and represents to Seller, on the date hereof
and on the Closing Date, as follows:

 

Section
3.1 Authorization; Enforceability. Buyer has the legal right to enter into and to consummate the transactions contemplated
hereby and otherwise to carry out Buyer’s obligations hereunder. The execution, delivery and performance by Buyer of this
Agreement has been duly authorized by all requisite action by Buyer, and the Agreement, when executed and delivered by Seller,
constitutes a valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights
and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity).

 

Section 3.2 Securities
Representations. Buyer understands that an investment in the Shares is a speculative investment which involves a high degree
of risk and the potential loss of its entire investment. Buyer is acquiring the Shares for his own account with the present intention
of holding such Shares for purposes of investment and Seller is not acquiring the Shares with a view to or for distribution thereof,
within the meaning of the Securities Act. Seller is acquiring the Shares for its own account as principal, not as a nominee or
agent, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof in whole
or in part, and no other person has a direct or indirect beneficial interest in the restricted Shares the Buyer is acquiring herein.
Further, the Buyer does not have any contract or agreement with any person to sell, transfer or grant participations to such person
or to any third person, with respect to the Shares.

 

Section 3.3 No Advertising.
At no time was the Buyer presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement,
or any other form of general advertising or solicited or invited to attend a promotional meeting with respect to the Company or
in connection with the offer and purchase of the Shares.

 

Section 3.4 No Registration.
Buyer acknowledges and understands that the Shares have not been registered under the Securities Act or qualified under the securities
or “blue sky” laws of applicable states in reliance upon exemptions from registration or qualification thereunder and
the Shares may not be sold, offered, transferred, assigned, pledged, hypothecated or otherwise disposed of or encumbered, except
in compliance with the Securities Act and such rules and regulations. Buyer understands that the Company is under no obligation
to register the Shares under the Securities Act, or to assist the Buyer in complying with the Securities Act or the securities
laws of any state of the United States or of any foreign jurisdiction.

 

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Section 3.5 Investment
Experience; Information. Buyer has such knowledge and experience in financial and business matters that it is capable of evaluating
the merits and risks of an investment in the Shares. Buyer has received and reviewed the documents filed by the Company with the
Securities and Exchange Commission and all information regarding the Shares and has, to the extent it has deemed necessary or advisable,
reviewed the aforementioned information and this Agreement with its investment, tax, accounting and legal advisors. Buyer and such
advisors have been given a reasonable opportunity to ask questions of and to receive answers from the Company and the Seller concerning
the acquisition of the Shares and have received or been given access to such information and documents as Buyer believes, in the
context of the information provided, are necessary to verify the accuracy of the information furnished to Buyer concerning the
Shares as Buyer or such advisors have requested, it being understood and agreed that the foregoing does not constitute a representation
by Buyer as to the completeness or accuracy of information provided to it by the Company or the Seller.

 

Section 3.6 Accredited
Investor. Seller is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

Section 3.7 Restricted
Shares. The Shares are “restricted” (as that term is defined in Rule 144 promulgated under the Securities Act),
and the certificate representing the Shares shall be endorsed with one or more of the following restrictive legends, in addition
to any other legend required to be placed thereon by applicable federal or state securities laws:

 

“THESE SECURITIES
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY
TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS TRANSFERRED PURSUANT TO ANY VALID EXEMPTION FROM REGISTRATION AVAILABLE
UNDER SUCH ACT.”

 

Section 3.8 Not an Affiliate. Buyer
is not now, and has never been, an officer, director or holder of 10% or more of the outstanding shares of, or otherwise an affiliate
of the Company or its predecessor(s). Buyer is not now nor has ever been an affiliate or associate of the Seller and has no relationship
with the Seller other than pursuant to this Agreement.

 

Section 3.9 No Group. Buyer is not
acting and has not acted as a member of a partnership, syndicate or other group with other persons for the purpose of acquiring,
holding, or disposing of, or in connection with the voting of, securities of the Company.

 

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Section 3.10 Brokerage Fees. Buyer
has taken no action that would give rise to any claim by any person for brokerage commissions, finders’ fees or the like
relating to this Agreement or the transaction contemplated hereby.

 

Section 3.11 No Other Representations
or Information. In evaluating the suitability of an investment in the Shares, the Buyer has not relied upon any representation
or information (oral or written) other than as stated in this Agreement.

 

Section 3.12 No Governmental Review.
Buyer understands that no United States federal or state agency or any other government or governmental agency has passed on or
made any recommendation or endorsement of the Shares or the fairness or suitability of the investment in the Shares, nor have such
authorities passed upon or endorsed the merits of the offering of the Shares.

 

Section 4. Miscellaneous.

 

Section 4.1 Confidentiality.
From and after the date hereof, Seller and Buyer shall, and shall cause their respective agents, advisors, affiliates and representatives
(collectively with Seller and Buyer, the “Recipients”) to, keep confidential any information relating to this
Agreement, and the transactions contemplated hereunder, except for any such information that (i) is available to the public
as of the closing other than as a result of a breach by a party of the provisions herein, (ii) thereafter becomes available
to the public other than as a result of a disclosure by a Recipient, or (iii) is or becomes available to a Recipient on a
non-confidential basis from a source that to such Recipient’s knowledge is not prohibited from disclosing such information
to Recipient by a legal, contractual or fiduciary obligation to any other person.  If a Recipient is required to disclose
any such information in response to a governmental order or as otherwise required by law, it shall inform the other party in writing
of such request or obligation as soon as possible after Recipient is informed of it and, if possible, before any information is
disclosed, so that a protective order or other appropriate remedy may be obtained by the disclosing party.  If such Recipient
is obligated to make such disclosure, it shall only make such disclosure to the extent to which it is so obligated.

 

Section 4.2 Public
Disclosure. Without limiting any other provision of this Agreement, neither Seller, on the one hand, nor Buyer on the other
hand, nor any of their respective agents, advisors, affiliates and representatives shall, without the prior written consent of
the other party, disclose the terms of this Agreement or the transactions contemplated hereby or make or issue any press release
or public statement with respect to this Agreement or the transactions contemplated hereby. Notwithstanding anything contained
herein to the contrary, the Company shall disclose this Agreement and other public statements as required under applicable law,
including without limitation, the filing of a Current Report on Form 8-K.

 

Section 4.3 Cooperation.
Each party shall, from time to time at the reasonable request of the other party or parties hereto, and without further consideration,
execute and deliver such other instruments of sale, transfer, conveyance, assignment, clarification and termination, and take such
other action as the party making the request may reasonably require to effectuate the intentions of the parties and the transactions
contemplated hereunder and related hereto.

 

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Section 4.4 Assignment;
Binding Agreement.

 

(a) Neither this Agreement
nor any of the rights or obligations hereunder may be assigned by Seller or Buyer without the prior written consent of the other.

 

(b) This Agreement shall
be binding upon and shall inure to the benefit of the parties and to their respective successors and permitted assigns and heirs
and representatives.

 

(c) This Agreement constitutes
the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior agreements, understandings,
negotiations and discussions, whether oral or written, of the parties. If any provision of this Agreement is deemed or held to
be illegal, invalid or unenforceable,

 

Section 4.5 Counterparts;
Electronic Signatures. This Agreement may be executed in two or more identical counterparts, each of which shall be deemed
an original but all of which together will constitute one and the same instrument. This Agreement, any and all agreements and instruments
executed and delivered in accordance herewith, along with any amendments hereto and thereto, to the extent signed and delivered
by means of email or other electronic transmission, shall be treated in all manner and respects and for all purposes as an original
signature, agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed
version thereof delivered in person.

 

Section 4.6 Governing
Law; Submission to Jurisdiction. This Agreement shall be construed, interpreted and the rights of the parties determined in
accordance with the laws of the State of New York (without reference to any choice of law rules that would require the application
of the laws of any other jurisdiction). Except as otherwise provided in this Agreement, each party irrevocably agrees that any
legal action or proceeding with respect to this Agreement or for recognition and enforcement of any judgment in respect hereof
brought by another party or its successors or assigns shall be brought exclusively in the state and federal courts of the State
of New York and each of the parties hereby (x) irrevocably submits with regard to any such action or proceeding for itself
and in respect to its property, generally and unconditionally, to the exclusive personal jurisdiction of the aforesaid courts in
the event any dispute arises out of this Agreement or any transaction contemplated hereby, (y) agrees that it will not attempt
to deny or defeat such personal jurisdiction by motion or other request for leave from any such court and (z) agrees that
it will not bring any action relating to this Agreement or any transaction contemplated hereby in any court other than the aforesaid
courts. Any service of process to be made in such action or proceeding may be made by delivery of process in accordance with the
notice provisions contained in Section 4.8. Each of the parties hereby irrevocably waives, and agrees not to assert, by way of
motion, as a defense, counterclaim or otherwise, in any action or Proceeding with respect to this Agreement, (a) the defense
of sovereign immunity, (b) any claim that it is not personally subject to the jurisdiction of the above-named courts for any
reason other than the failure to serve process in accordance with this Section 4.8, (c) that it or its property is exempt
or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice,
attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (d) to
the fullest extent permitted by applicable laws and regulations that (i) the action or proceeding in any such court is brought
in an inconvenient forum, (ii) the venue of such action or proceeding is improper and (iii) this Agreement, or the subject
matter hereof, may not be enforced in or by such courts.

 

    7

     

    

 

Section 4.7 Payment
of Fees and Expenses. Except as explicitly provided for herein, Seller, on the one hand, and Buyer, on the other hand, shall
be responsible for their own fees and expenses incurred in connection with the negotiation, preparation and execution of this Agreement
and the consummation of the transaction contemplated hereby.

 

Section 4.8 Notices.
All notices, requests, demands and other communications under this Agreement will be in writing and will be deemed to have been
duly given (a) on the date of service if served personally on the party to whom notice is to be given, (b) on the date
sent by email (with confirmation of transmission) or (c) one business day after delivery to a reputable overnight delivery
service for next business day delivery. Such notices, requests, demands and other communications will be addressed to the parties
as provided on the signature page hereof. Any party may, from time to time, designate any other address to which any such notice
to such party shall be sent. Any such notice shall be deemed to have been delivered upon receipt.

 

Section 4.9 No Third-Party
Beneficiaries. Nothing expressed or referred to in this Agreement will be construed to give any person other than the parties
any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement.

 

Section 4.10 Interpretation; Independent
Counsel. The parties agree that this Agreement shall be deemed to have been jointly and equally drafted by them and that the
provisions of this Agreement therefore shall not be construed against a party or parties on the ground that such party or parties
drafted or was more responsible for the drafting of any such provision(s). The parties further agree that they have each carefully
read the terms and conditions of this Agreement, that they know and understand the contents and effect of this Agreement and that
the legal effect of this Agreement has been fully explained to its satisfaction by counsel of its own choosing.

 

[Remainder of page intentionally left
blank; Signature pages to follow]

 

    8

     

    

 

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

 

	 	SELLER:
	 	 
	 	/s/ Paul F. Morina
	 	Name: Paul F. Morina
	 	 
	 	SELLER ADDRESS:
	 	 
	 	   
	 	 
	 	 
	 	 
	 	Number of Shares being sold: 1,000,000
	 	Seller Compensation per share: $0.015
	 	 
	 	BUYER 
	 	 
	 	/s/ Peter Coker Jr.
	 	Name: Peter Coker Jr.
	 	 
	 	BUYER ADDRESS:
	 	 
	 	                           
	 	 
	 	 

 

 

9

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