Document:

Exhibit 4.1

 

CERTIFICATE OF DESIGNATIONS, PREFERENCES,

 

AND RIGHTS OF SERIES A CONVERTIBLE PREFERRED
STOCK

 

OF MAGELLAN GOLD CORPORATION

 

 

 

Pursuant to the Nevada Business Corporation
Act

 

 

 

MAGELLAN GOLD CORPORATION,
a corporation organized and existing under the laws of the State of Nevada (the "Company"), DOES HEREBY CERTIFY that
pursuant to the authority contained in its Articles of Incorporation, and in accordance with the provisions of the Nevada Business
Corporation Act, the Company's Board of Directors has duly adopted the following resolution creating a series of the class of its
authorized Preferred Stock, designated as Series A Convertible Preferred Stock:

 

RESOLVED THAT:

 

Whereas,
by virtue of Article IV of its Articles of Incorporation, as amended, the Company has the authority to issue twenty-five million
(25,000,000) shares of Preferred Stock of the par value of $0.001 per share, the designation and amount thereof and series, together
with the powers, preferences, rights, qualifications, limitations or restrictions thereof, to be determined by the Board of Directors
pursuant to the applicable law of the State of Nevada;

 

Now therefore,
the Company's Board of Directors hereby establishes a series of the class of Preferred Stock authorized to be issued by the Company
as above stated, with the designations and amounts thereof, together with the voting powers, preferences and relative, participating,
optional and other special rights of the shares of each such series, and the qualifications, limitations or restrictions thereof,
to be as follows:

 

1.       Designations
and Amounts. Two million five hundred thousand (2,500,000) shares of the Company's authorized Preferred Stock are designated
as Series A Convertible Preferred Stock, having a face value of $10.00 per share (“Stated Value”).

 

2.       Definitions.

 

For the purposes
of this Resolution the following definitions shall apply:

 

(a)       "Board"
shall mean the Board of Directors of the Company.

 

(b)       "Company"
shall mean Magellan Gold Corporation, a Nevada corporation formed on September 28, 2010.

 

(c)       "Original
Issue Date" for a series of Preferred Stock shall mean the date on which the first share of such series of Preferred Stock
was originally issued.

 

(d)       "Preferred
Stock" shall refer to Series A Convertible Preferred Stock.

 

 

 

 

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(e)       "Stated
Value" shall mean $10.00 per share.

 

(f)        "Subsidiary"
shall mean any corporation at least fifty percent (50%) of whose outstanding voting stock shall at the time be owned directly or
indirectly by the Company or by one or more Subsidiaries.

 

(g)       "Securities
Act" shall mean the Securities Act of 1933, as amended.

 

(h)       "Exchange
Act" shall mean the Securities Exchange Act of 1934, as amended.

 

3.       Dividends.

 

(a)       The
holders of outstanding Preferred Stock shall be entitled to receive dividends at the annual rate of ten percent (10%) based on
the Stated Value per share computed on the basis of a 360-day year and twelve 30-day months. Dividends shall be calculated from
the date of issue and payable on the fifteenth day of April, July, October and January of each year (the "Dividend Payment
Date"). Dividends shall be paid to recordholders of shares of Preferred Stock as of the date one business day prior to the
Dividend Payment Date (the "Dividend Record Date"). The right of the holder of shares of Preferred Stock as of the Dividend
Record Date to the relevant dividend shall not be affected by the subsequent transfer or cancellation of such shares; such dividend
being payable to the holder as of the Dividend Record Date notwithstanding such transfer or cancellation.

 

(b)       Dividends
payable on the Preferred Stock may be paid, at the option of the Company, either (i) in cash or (ii) by the issuance by the Company
of shares of its Common Stock, valued at the Market Price, as hereinafter defined, on the Dividend Record Date. For the purposes
hereof, the Market Price shall be the volume weighted average closing bid price (“VWAP”) for the Common Stock, as reported
by Blumberg LP on the principal market for the Company’s Common Stock (the “Principal Market”) during the period
of twenty-two (22) Trading Days, ending with the last Trading Day prior to the Dividend Payment Date. Notwithstanding the foregoing,
in the event the Market Price on the Dividend Renewal Date is less than $0.75 per share, then the Company shall have the option,
without the written consent of the holder electing to receive payment of the dividend in shares of Common Stock, to pay the dividend
in cash.

 

(c)       Dividends
on the shares of Preferred Stock shall be cumulative; therefore, a full dividend on the shares of this series with respect to any
dividend period shall be declared by the Board of Directors of the Company and the Company shall be obligated to pay full dividend
on the shares of this series with respect to such dividend period.

 

(d)       In
addition to the Preferred Stock dividend, the holders of outstanding Preferred Stock shall be entitled to participate, pro rata,
in dividends paid on outstanding shares of Common Stock, if, when and as the Board of Directors shall in their sole discretion
deem advisable, and only from the net profits or surplus of the Company as such shall be fixed and determined by the Board of Directors.
The determination of the Board of Directors at any time of the amount of net profits or surplus available for dividend shall be
binding and conclusive on the holders of all the stock of the Company at the time outstanding.

 

 

 

 

 

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4.       Priority
On Liquidation

 

(a)       Payment
upon Dissolution, Etc. Upon the occurrence and continuance of: (i) any insolvency or bankruptcy proceedings, or any receivership,
liquidation, reorganization or other similar proceedings in connection therewith, commenced by the Company or by its creditors
and not dismissed within 90 days following such commencement, as such, or relating to its assets, or (ii) the dissolution or other
winding up of the Company whether total or partial, whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy proceedings, or (iii) any assignment for the benefit of creditors or any marshalling of the any assignment for the benefit
of creditors or any marshalling of the material assets or material liabilities of the Company (a “Liquidation Event”),
no distribution shall be made to the holders of any shares of capital stock, other than stock that ranks (i) senior to the Series
A Preferred Stock; or (ii) pari passu with the Series A Preferred Stock until: (1) the holders of any shares of stock which
have liquidation preferences senior to the Series A Preferred Stock shall have received the entire amount of such liquidation preferences,
and (2) each holder shall have received the Liquidation Preference (as defined below) with respect to each share of Series A Preferred
Stock then held by such holder. In the event that upon the occurrence of a Liquidation Event, the assets available for distribution
to the holders of the Series A Preferred Stock and to the holders of any pari passu securities are insufficient to pay the
liquidation preference with respect to all of the outstanding shares of Series A Preferred Stock and of such pari passu
securities, such assets will be distributed ratably among such shares in proportion to the ratio that the liquidation preference
payable on each such share bears to the aggregate liquidation preference payable on all such shares.

 

(b)       Liquidation
Preference. The “Liquidation Preference” with respect to a share of Series A Preferred Stock shall mean
$10.00 per share of Preferred Stock, subordinate to the Stated Value of outstanding shares of preferred stock ranking senior to
the Series A Preferred Stock, pari passu with the Stated Value of the Series A Preferred Stock, and senior to the rights
of holders of Common Stock.

 

(c)       Ranking.
In the event of the liquidation, dissolution, or other winding up of the Company, the holders of the Series A Preferred Stock will
be treated as (i) senior to the holders of the Common Stock and any other class or series of stock which is not made pari passu
with or senior to the Series A Preferred Stock; and (ii) junior to any other class or series of stock which is made senior to the
Series A Preferred Stock.

 

5.       Redemption.

 

(a)       Subject
to the conditions set forth herein, the Company, by action of its Board of Directors, may at its sole option and discretion redeem
all or any portion of the Preferred Stock, at any time, or from time to time, in accordance with the provisions of this Paragraph
5 (the "Optional Redemption"). Holders of the Preferred Stock shall have no right to demand or compel the redemption
of any outstanding shares of Preferred Stock.

 

(b)       In
the event the Board of Directors elects to redeem the Preferred Stock, on and after the date specified in the notice provided for
in Paragraph 5(d) below, each holder of the Preferred Stock called for redemption, upon presentation and surrender at the place
designated in such notice of the certificate or certificates evidencing said Preferred Stock held by him, her or it, properly endorsed
in blank for transfer or accompanied by proper instruments of assignment in blank, shall be entitled to receive therefor the redemption
price thereof.

 

(c)       If
redeemed pursuant to this Paragraph 5, the redemption price for each share of Preferred Stock (the "Redemption Price")
shall be an amount in cash equal to the sum of (i) the Stated Value per share of Preferred Stock plus (ii) the amount of all accrued
and unpaid dividends thereon, whether or not earned or declared, to and including the date fixed for redemption.

 

 

 

 

 

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(d)       In
the case of any Optional Redemption pursuant to this Paragraph 5, at least thirty (30) days and not more than forty (40) days prior
to the date fixed for any such redemption of the Preferred Stock (hereinafter referred to as the "Redemption Date"),
written notice (hereinafter referred to as the "Redemption Notice") shall be mailed, first class postage prepaid, to
each holder of record to the Preferred Stock to be redeemed at his post office address last shown on the records of the Company,
and if the holder has provided the Company with a facsimile number for notices, also by facsimile transmission. The Redemption
Notice shall state:

 

(i)       That
all of the holder's outstanding shares of Preferred Stock are being called for redemption;

 

(ii)      The
number of shares of Preferred Stock held by the holder that the Company intends to redeem;

 

(iii)     The
Redemption Date and the Redemption Price; and

 

(iv)     That
the holder is to surrender to the Company, in the manner and at the place designated, his certificate or certificates representing
the shares of Preferred Stock to be redeemed.

 

(e)       Each
holder of Preferred Stock to be redeemed shall surrender the certificate or certificates representing such shares to the Company,
in the manner and at the place designated in the Redemption Notice, and thereupon the Redemption Price for such shares shall be
payable to the order of the person whose name appears on such certificate or certificates as the owner thereof, and each surrendered
certificate shall be cancelled and retired.

 

(f)        If
the Redemption Notice shall have been duly given, each holder of Preferred Stock shall have the right, up to the date prior to
the Redemption Date as fixed in the Redemption Notice, to exercise such holder’s right to convert the Preferred Stock into
shares of Common Stock in accordance with Section 7 of this Certificate of Designations.

 

(g)       If
the Redemption Notice shall have been duly given and, if on the Redemption Date the Redemption Price is either paid or irrevocably
made available for payment through the deposit arrangement specified in Subparagraph 5(h) below, then notwithstanding that the
certificates evidencing any of the shares of Preferred Stock so called for redemption shall not have been surrendered, the dividends
with respect to such shares shall cease to accrue after the Redemption Date and all rights with respect to such shares shall forthwith
after the Redemption Date terminate, except only the right of the holders to receive the Redemption Price, without interest upon
surrender of their certificate or certificates therefor.

 

(h)       At
least ten (10) days prior to the Redemption Date, the Company may deposit with any bank or trust company in Boulder, or Denver,
Colorado, a sum (or an irrevocable letter of credit) equal to the aggregate Redemption Price of all shares of Preferred Stock called
for redemption and not yet redeemed, with irrevocable instructions and authority to the bank or trust company to pay, on or after
the Redemption Date or prior thereto, the Redemption Price to the respective holders entitled thereto upon the surrender of their
share certificates. From and after the Redemption Date, the shares so called for redemption shall be redeemed if deposit shall
have been made with such instructions or authority on or before the tenth (10th) day prior to the Redemption Date. The
deposit shall on the Redemption Date constitute full payment of the shares to their holders, and from and after the Redemption
Date the shares shall be deemed to be no longer outstanding, and the holders thereof shall cease to be shareholders with respect
to such shares and shall have no rights with respect thereto except the rights to receive from the bank or trust company payment
of the Redemption Price of the shares, without interest, upon surrender of their certificates therefor. Any funds so deposit and
unclaimed at the end of one (1) year from the Redemption Date by any holder of shares called for redemption shall be released or
repaid to the Company, after which the holders of such shares called for redemption shall be entitled to receive payment of the
Redemption Price for such shares only from the Company.

 

 

 

 

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6.       Voting
Rights.

 

(a)       Except as provided herein or required by applicable law, holders of the Preferred Stock shall have no right to vote on any matters
presented to the shareholders of the Company at any regular or special meeting of the Company’s security holders.

 

(b)       In the event that the holders of the Series A Preferred Stock are required to vote as a class, the affirmative vote of holders
of not less than a majority of the outstanding shares of Series A Preferred Stock shall be required to approve each such matter
to be voted upon and if any matter is approved by such requisite percentage of holders of Series A Preferred Stock, such matter
shall bind all holders of Series A Preferred Stock.

 

(c)       So long as any shares of Series A Preferred Stock remain outstanding, the consent of the holders of a majority of the then outstanding
Series A Preferred Stock, voting as one class, together with any other series of preferred stock then entitled to vote on such
matter, regardless of series, either expressed in writing or at a meeting called for that purpose, shall be necessary to permit,
effect or validate the creation and issuance of any series of preferred stock of the Company which is senior as to liquidation
and/or dividend rights to the Series A Preferred Stock.

 

(d)       So long as any shares of Series A Preferred Stock remain outstanding, the consent of a majority of the holders of the then outstanding
Series A Preferred Stock, voting as one class, either expressed in writing or at a meeting called for that purpose, shall be necessary
to repeal, amend or otherwise change this Certificate of Designation, Preferences and Rights or the Articles of Incorporation of
the Company, as amended, in a manner which would alter or change the powers, preferences, rights privileges, restrictions and conditions
of the Series A Preferred Stock so as to adversely affect the Preferred Stock.

 

7.       Conversion.

 

The following of the Preferred
Stock shall have the following conversion rights (the "Conversion Rights"):

 

(a)       Optional
Conversion: Right to Convert. Each share of Preferred Stock shall be convertible, at the option of the holder thereof (provided
that upon any liquidation of the Company, the right of conversion shall terminate at the close of business on the business day
fixed for payment of the amount distributable on the Preferred Stock; and, further except that upon redemption of the Preferred
Stock by the Company pursuant to Section 5 hereof, the right of conversion shall terminate at the close of business on the business
day immediately preceding the Redemption Date) at the office of the Company or any transfer agent for the Preferred Stock or Common
Stock, into fully-paid and non-assessable shares of Common Stock.

 

(b)       Conversion
Rate. The number of shares of Common Stock issuable on the conversion of each share of Preferred Stock shall be determined
by dividing (A) the sum of (i) the Stated Value of such share or shares of Preferred Stock, plus (ii) all accrued and unpaid dividends
thereon, by (B) the conversion value of $1.00 per share (the “Conversion Value”).

 

(c)       Limitation
on Conversion; Section 13(d) Compliance. Notwithstanding any other provision hereof, in no event (except (i) as specifically
provided herein as an exception to this provision, or (ii) while there is outstanding a tender offer for any or all of the shares
of the Company’s Common Stock) shall the holder be entitled to convert any portion of the Preferred Stock (and the Company
shall not have the right or obligation to pay dividends hereon in shares of Common Stock) to the extent that, after such conversion
or issuance of stock in payment of dividends, the sum of (1) the number of shares of Common Stock beneficially owned by the holder
and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted
portion of the Preferred Stock or other convertible securities or of the unexercised portion of warrants or other rights to purchase
Common Stock), and (2) the number of shares of Common Stock issuable upon the conversion of the Preferred Stock with respect to
which the determination of this proviso is being made, would result in beneficial ownership by the holder and its affiliates of
more than 4.99% of the outstanding shares of Common Stock (after taking into account the shares to be issued to the Holder upon
such conversion). For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in
accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, except as otherwise provided in clause (1) of
such sentence. The holder, by its acceptance of Preferred Stock, further agrees that if the holder transfers or assigns any of
the Preferred Stock to a party who or which would not be considered such an affiliate, such assignment shall be made subject to
the transferee’s or assignee’s specific agreement to be bound by the provisions of this Section 7(c) as if such transferee
or assignee were the original holder thereof. Nothing herein shall preclude the holder from disposing of a sufficient number of
other shares of Common Stock beneficially owned by the holder so as to thereafter permit the continued conversion of Preferred
Stock.

 

 

 

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(d)       Mandatory
Conversion. All outstanding shares of Preferred Stock shall automatically convert into shares of Common Stock in accordance
with this Section 7 in the event (i) the Company effects a transaction described in Section 7(k) in which the Company either (a)
is not the surviving entity or (b) becomes the subsidiary of another entity (a “Major Transaction”), or (ii) in the
event (a) a registration statement registering for resale under the Securities Act of 1933, as amended (the “Securities Act”)
the shares of the Company’s Common Stock issuable upon conversion of the Preferred Stock (the “Registration Statement”
and “Conversion Stock”, respectively) has been filed with the Securities and Exchange Commission and is in effect on
the date of written notice of Mandatory Conversion is delivered to the holders of the Preferred Shares (b) there exists on the
date of such written notice a public trading market for the Conversion Stock and such shares are listed for quotation on the NASDAQ
Capital Market, the American Stock Exchange or the OTC Electronic Bulletin Board and (c) the public trading price of the Company’s
Common Stock has equaled or exceeded 200% of the Conversion Price, as then in effect, for ten or more consecutive Trading Days
immediately preceding the date of such notice. On such occasion, the Company shall mail written notice within ten days following
the satisfaction of all of the foregoing conditions to all holders of record of the Preferred Stock. The Mandatory Conversion of
the Preferred Stock shall be deemed effective on a date which is ten days following the date that written notice is sent to the
holders. Following the effective date of such Mandatory Conversion, then notwithstanding that the certificates evidencing any of
the shares of Preferred Stock subject to such Mandatory Redemption shall not have been surrendered, the dividends with respect
to such shares shall cease to accrue after the Mandatory Redemption Date and all rights with respect to such shares shall forthwith
terminate, except only the right of the holders to receive shares of Common Stock.

 

(e)       Time
of Conversion. The right of conversion may be exercised by the holder at any time after the earlier of (i) 90 days from the
date of issuance of the Preferred Stock or (ii) the effective date of the Registration Statement registering for sale under the
Securities Act the shares of the Company’s Common Stock issuable upon such Conversion (the “Conversion”).

 

(f)        Notice
of Optional Conversion. The right of conversion shall be exercised by the holder thereof by giving written notice (the “Conversion
Notice”) to the Company, by facsimile or by registered mail or overnight delivery service, with a copy by facsimile to the
Company’s then transfer agent for its Common Stock, as designated by the Company from time to time, that the holder elects
to convert a specified number of shares of Preferred Stock representing a specified Stated Value thereof into Common Stock and,
if such conversion will result in the conversion of all of such holder’s shares of Preferred Stock, by surrender of a certificate
or certificates for the shares so to be converted to the Company at its principal office (or such other office or agency of the
Company as the Company may designate by notice in writing to the holders of the Preferred Stock) at any time during its usual business
hours on the date set forth in the Conversion Notice, together with a statement of the name or names (with address) in which the
certificate or certificates for shares of Common Stock shall be issued. The Conversion Notice shall include therein the Stated
Value of shares of Preferred Stock to be converted, and a calculation (i) of the amount of all accrued and unpaid dividends, (ii)
the Conversion Price, and (iii) the number of shares of Common Stock to be issued in connection with such conversion.

 

(g)       Mechanics
of Conversion. Before any holder of Preferred Stock shall be entitled to convert the same into shares of Common Stock, he shall
surrender the certificate or certificates therefor, duly endorsed, at the office of the Company or of any transfer agent for the
Common Stock, and shall give written notice to the Company at such office that he elects to convert the same and shall state therein
the number of shares of Preferred Stock being converted. Thereupon the Company shall promptly issue and deliver at such office
to such holder of Preferred Stock a certificate or certificates for the number of shares of Common Stock to which he shall be entitled.
Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the
shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such
shares of Common Stock on such date.

 

(h)       Adjustment
for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date for
a series of the Preferred Stock effect a subdivision of the outstanding Common Stock, the Conversion Rate then in effect immediately
before that subdivision shall be proportionately decreased, and conversely, if the Company shall at any time or from time to time
after the Original Issue Date for a series of the Preferred Stock combine the outstanding shares of Common Stock, the Conversion
Rate then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph
7(h) shall become effective at the close of business on the date the subdivision or combination becomes effective.

 

 

 

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(i)        Adjustment
for Certain Dividends and Distributions. In the event the Company at any time, or from time to time after the Original Issue
Date for a series of Preferred Stock shall make or issue, or fix a record date for the determination of holders of Common Stock
entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event
the Conversion Price for such series of Preferred Stock then in effect shall be decreased as of the time of such issuance or, in
the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Conversion
Rate for such series of Preferred Stock then in effect by a fraction:

 

(1)       the
numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date, and

 

(2)      the
denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such
dividend or distribution; provided, however, if such record date shall have been fixed and such dividend is not fully made on the
date fixed therefor, the Conversion Rate for such series of Preferred Stock shall be recomputed accordingly as of the close of
business on such record date and thereafter the Conversion Rate for such series of Preferred Stock shall be adjusted pursuant to
this Paragraph 7(i) as of the time of actual payment of such dividends or distributions.

 

(j)       Adjustment
for Reclassification, Exchange, or Substitution. If the Common Stock issuable upon the conversion of the Preferred Stock shall
be changed into the same or a different number of shares of any class or classes of stock, whether by capital reorganization, reclassification,
or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger,
consolidation, or sale of assets provided for elsewhere in this Paragraph 7), then and in each such event the holder of each share
of Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other
securities and property receivable upon such reorganization, reclassification, or other change, by holders of the number of shares
of Common Stock into which such shares of Preferred Stock might have been converted immediately prior to such reorganization, reclassification,
or change, all subject to further adjustments as provided herein.

 

(k)       Reorganization,
Mergers, Consolidations, or Sales of Assets. If at any time or from time to time there shall be a capital reorganization of
the Common Stock (other than a subdivision, combination, reclassification, or exchange of shares provided for elsewhere in this
Paragraph 7) or a merger or consolidation of the Company with or into another corporation, or the sale of all or substantially
all of the company's assets to any other person, then, as a part of such reorganization, merger, consolidation, or sale, provision
shall be made so that the holders of the Preferred Stock shall thereafter be entitled to receive upon conversion of the Preferred
Stock, the number of shares of stock or other securities or property of the Company, or of the successor corporation resulting
form such merger or consolidation or sale, to which a holder of Common Stock deliverable upon conversion would have been entitled
on such capital reorganization, merger, consolidation, or sale. In any such case, appropriate adjustment shall be made in the application
of the provisions of this Paragraph 7 with respect to the rights of the holders of the Preferred Stock after the reorganization,
merger, consolidation, or sale to the end that the provisions of this Paragraph 7 (including adjustment of the Conversion
Rate then in effect and the number of shares purchasable upon conversion of the Preferred Stock) shall be applicable after that
event as nearly equivalent as may be practicable.

 

(l)        Notices
of Record Date. In the event of (i) any taking by the Company of a record of the holders of any class or series of securities
for the purpose of determining the holders thereof who are entitled to receive any dividend or other distribution or (ii) any reclassification
or recapitalization of the capital stock of the Company, any merger or consolidation of the Company, or any transfer of all or
substantially all of the assets of the Company to any other corporation, entity, or person, or any voluntary or involuntary dissolution,
liquidation, or winding up of the Company, the Company shall mail to each holder of Preferred Stock at least thirty (30) days prior
to the record date specified therein, a notice specifying (a) the date on which any such record is to be taken for the purpose
of such dividend or distribution and a description of such dividend or distribution, (b) the date on which any such reorganization,
reclassification, transfer, consolidation, merger, dissolution, liquidation, or winding up is expected to become effective, and
(c) the time, if any is to be fixed, as to when the holders of record of Common Stock (or other securities) shall be entitled to
exchange their shares of Common Stock (or other securities) for securities or other property deliverable upon such reorganization,
reclassification, transfer, consolidation, merger, dissolution, liquidation, or winding up.

 

 

 

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(m)       Fractional
Shares. No fractional shares of Common Stock shall be issued upon conversion of Preferred Stock. In lieu of any fractional
shares to which the holder would otherwise be entitled, the Company shall pay cash equal to the product of such fraction multiplied
by the fair market value of one share of the Company's Common Stock on the date of conversion, as determined in good faith by the
Board.

 

(n)       Reservation
of Stock Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued
shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Preferred Stock, such number of
its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Preferred
Stock, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion
of all then outstanding shares of the Preferred Stock, the Company will take such corporate action as may, in the opinion of its
counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient
for such purpose.

 

(o)       Notices.
Any notice required by the provisions of this Paragraph 7 to be given to the holder of shares of the Preferred Stock shall be deemed
given when personally delivered to such holder or five (5) business days after the same has been deposited in the United States
mail, certified or registered mail, return receipt requested, postage prepaid, and addressed to each holder of record at his address
appearing on the books of the Company.

 

(p)       Payment
of Taxes. The Company will pay all taxes and other governmental charges that may be imposed in respect of the issue or delivery
of shares of Common Stock upon conversion of shares of Preferred Stock.

 

(q)       No
Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer
of assets, consolidation, merger, dissolution, issue, or sale of securities or any other voluntary action, for the purpose of avoiding
or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but
will at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to
protect the conversion rights of the holders of the Preferred Stock against dilution or other impairment.

 

8.       No
Preemptive Rights.

 

No holder of the Series A Preferred
Stock of the Corporation shall be entitled, as of right, to purchase or subscribe for any part of the unissued stock of the Company
or of any stock of the Company to be issued by reason of any increase of the authorized capital stock of the Company, or to purchase
or subscribe for any bonds, certificates of indebtedness, debentures or other securities convertible into or carrying options or
warrants to purchase stock or other securities of the Company or to purchase or subscribe for any stock of the Company purchased
by the Company or by its nominee or nominees, or to have any other preemptive rights now or hereafter defined by the laws of the
State of Nevada.

 

9.       No
Reissuance of Preferred Stock.

 

No share or shares of Preferred
Stock acquired by the Company by reason of redemption, purchase, conversion, or otherwise shall be reissued, and all such shares
shall be canceled, retired, and eliminated from the shares which the Company shall be authorized to issue.

 

 10.     Protective Provisions. 

 

So long as at least fifty percent
(50%) of the shares of Preferred Stock (as adjusted for stock splits, stock dividends or recapitalizations) are outstanding and
have not been converted into Common Stock or redeemed by the Company, the Company shall not, without first obtaining the approval
(by vote or written consent, as provided by law) of the holders of at least a majority of the then outstanding shares of Series
A Preferred Stock, voting together as one class except where otherwise required by law:

 

 

 

 

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(a)       amend or repeal any provision of the Company’s Articles of Incorporation or Bylaws if such action would alter or change in
a manner adverse to the interest of holders of Series A Preferred Stock the designations, preferences and relative, participating,
optional and other special rights, or the restrictions provided for the benefit of the Series A Preferred Stock;

 

(b)       authorize or issue shares of any class of stock having a preference over the Series A Preferred Stock with respect to dividends
or assets; or

 

(c)       pay or declare any dividend on shares of Common Stock if current dividends on Preferred remain unpaid, except dividends solely
in Common Stock.

 

 

 11.     Miscellaneous

 

(a)       Transfer
of Series A Preferred Stock. A holder may sell, transfer or otherwise dispose of all or any portion of the shares of Series
A Preferred Stock to any person or entity as long as such sale, transfer or disposition is the subject of an effective registration
statement under the Securities Act or such Holder delivers an opinion of counsel satisfactory to the Company, to the effect that
such sale, transfer, or disposition is exempt from registration thereunder; provided that no such opinion shall be required in
the event of a sale by such Holder to an affiliate thereof or if the Company shall waive said opinion requirement in its sole discretion.

 

(b)       Lost
or Stolen Certificate. Upon receipt by the Company of evidence of the loss, theft, destruction or mutilation of a certificate
representing shares of Series A Preferred Stock, and (in the case of loss, theft or destruction) of indemnity or security reasonably
satisfactory to the Company in its sole discretion, and upon surrender and cancellation or such certificate if mutilated, the Company
shall execute and deliver to the Holder a new certificate identical in all respects to the original certificate.

 

(c)       Notices.
Except as otherwise specified herein, any notice, demand or request required or permitted to be given pursuant to the terms of
this Certificate shall be in writing and shall be deemed given (i) when delivered personally or by verifiable facsimile transmission
or by e-mail or other electronic transmission (with a hard copy to follow) on or before 5:00 p.m., Boulder, Colorado, U.S. time,
on a business day or, if such day is not a business day, on the next succeeding business day, (ii) on the next business day after
timely delivery to an overnight courier, (iii) if to the Company, on the third business day after deposit in the U.S. mail (certified
or registered mail, return receipt requested, postage prepaid), or, (iv) if to the Holder, when deposited in the U.S. mail (first
class, certified or registered) addressed as follows:

 

If to the
Company:

 

Magellan Gold
Corporation

2010A Harbison
Drive # 312

Vacaville,
CA 95687

 

or such other address and facsimile
number as the Company shall designate from time-to-time as its central office and main facsimile number; and

 

if to any
Holder,

 

to such address
as shall be designated by such Holder in writing to the Company.

 

 

 

 

    	 	9	 

     

    

 

 

IN WITNESS WHEREOF,
said MAGELLAN GOLD CORPORATION, has caused this Certificate of Designations, Preferences and Rights of Series A Convertible
Preferred Stock to be duly executed by its President and has caused its corporate seal to be affixed hereto, this 30th
day of September, 2019.

 

 

 

	 	MAGELLAN GOLD CORPORATION
	 	 
	 	 
	 	By: /s/ David E. Drips                             
	 	David E. Drips, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of September 13, 2019 by and between Tauriga Sciences,
Inc., a Florida corporation, with headquarters located at 555 Madison Avenue, 5th Floor, New York, NY 10022 (the
“Company”), and ODYSSEY FUNDING, LLC, a Delaware limited liability company, with its address at 1249 Broadway,
Suite 103, Hewlett, NY 11557 (the “Buyer”).

 

WHEREAS:

 

A. The
Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the Securities Act of 1933, as amended (the “1933 Act”);

 

B.
Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement
an 8% convertible note of the Company, in the form attached hereto as Exhibit A in the aggregate principal amount of $100,000.00
(together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance
with the terms thereof, the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”),
upon the terms and subject to the limitations and conditions set forth in the Note. The Note shall contain an original issue discount
(“OID”) of $5,000 such that the purchase price of the Note shall be $95,000.00.

 

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

 

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

 

Purchase
and Sale of Note.

 

Purchase
of Note. On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase
from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages
hereto.

 

Form
of Payment. On the Closing Date (as defined below), the Buyer shall pay the purchase price for the Note to be issued and sold
to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to
the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal
amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and
the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

 

 

Company
Initials

 

    	 	 	 

    	 

    

 

Closing
Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”)
shall be on or about September 13, 2019, or such other mutually agreed upon time. The closing of the transactions contemplated
by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.

 

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

 

Investment
Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of
or otherwise pursuant to the Note, such shares of Common Stock being collectively referred to herein as the “Conversion
Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards
the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act;
provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities
for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant
to a registration statement or an exemption under the 1933 Act.

 

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

 

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

 

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

 

    	 	2	 

    	 

    

 

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

 

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

 

    	 	3	 

    	 

    

 

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

 

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

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security
upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for
sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation
S without any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such
holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act,
which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities,
including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus
delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with
respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, within 2 business
days, it will be considered an Event of Default under the Note.

 

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

 

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

 

No
Short Sales. Buyer/Holder, its successors and assigns, agree that so long as the Note remains outstanding, the Buyer/Holder
shall not enter into or effect “short sales” of the Common Stock or hedging transaction which establishes a short
position with respect to the Common Stock of the Company. The Company acknowledges and agrees that upon delivery of a Conversion
Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described in the Conversion Notice and
any sale of those shares issuable under such Conversion Notice would not be considered short sales.

 

    	 	4	 

    	 

    

 

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

 

Organization
and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing and
in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and
other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted.

 

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

 

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

 

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

 

    	 	5	 

    	 

    

 

No
Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance
of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation
or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event
which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of
its subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its subsidiaries or by which any property or asset of the Company
or any of its subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a material adverse effect). All consents, authorizations,
orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained
or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the OTC Marketplace
(the “OTC Markets”) and does not reasonably anticipate that the Common Stock will be delisted by the OTC MARKETS in
the foreseeable future, nor are the Company’s securities “chilled” by FINRA. The Company and its subsidiaries
are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

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

 

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

 

    	 	6	 

    	 

    

 

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

 

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

 

Bad
Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the
basis of being a “bad actor” as that term is established in the September 19, 2013 Small Entity Compliance Guide published
by the Securities and Exchange Commission.

 

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

 

COVENANTS.

 

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

 

    	 	7	 

    	 

    

 

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

 

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

 

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

 

Filings.
The Company shall include all of the Notes in its next scheduled SEC filing whether that shall be a 10Q or a10K.

 

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

 

    	 	8	 

    	 

    

 

Governing
Law; Miscellaneous.

 

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

 

Counterparts;
Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by
each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto
by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

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

 

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

 

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

 

    	 	9	 

    	 

    

 

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

 

If
to the Company, to:

Tauriga Sciences, Inc.

555
Madison Avenue, 5th Floor

New York, NY 10022

Attn:
Seth M. Shaw, CEO

 

If
to the Buyer:

ODYSSEY
FUNDING, LLC

1249
Broadway, Suite 103

Hewlett,
NY 11557

Attn:
Ahron Fraiman, Manager

 

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

 

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

 

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

 

    	 	10	 

    	 

    

 

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

 

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

 

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

 

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

 

    	 	11	 

    	 

    

 

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

 

	Tauriga
    Sciences, Inc.	 
	 	 	 
	By:	/s/ Seth
    M. Shaw	 
	Name:	Seth
    M. Shaw	 
	Title:
    	CEO	 

 

	ODYSSEY
    FUNDING, LLC.	 
	 	 	 
	By:	/s/
    Ahron Fraiman	 
	Name:
    	Ahron
    Fraiman	 
	Title:
    	Manager	 

 

AGGREGATE
SUBSCRIPTION AMOUNT:

 

	Aggregate
    Principal Amount of Note:	$100,000.00
    
	 	 
	Aggregate
    Purchase Price:	 
	 	 
	Note:
    $100,000.00 less $5,000.00 in OID, less $5,000.00 in legal fees.	 

 

    	 	12	 

    	 

    

 

EXHIBIT
A

144
NOTE - $100,000.00

 

    	 	13

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