Document:

Exhibit
10.1

 

SUBSCRIPTION
AGREEMENT

 

This
SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of September 3, 2021 by and among Document Security
Systems, Inc., a New York Corporation, (the “Company”), and Alset EHome International, Inc. (the “Subscriber”).

 

RECITALS

 

WHEREAS,
the Company and Subscriber are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation
D (“Regulation D”) as promulgated under the Securities Act; 

 

WHEREAS,
the Company has authorized a new issuance of shares of common stock, par value $0.02, of the Company (the “Common Stock”);

 

WHEREAS,
the Subscriber wishes to purchase, and the Company wishes to sell, the Common Stock for a purchase price of $1.234 per share or an aggregate
of $15,000,000 on the terms and conditions set forth herein; and

 

NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Company and Subscriber hereby agree as follows:

 

		1.	PURCHASE
                                            AND SALE OF COMMON STOCK.

 

1.1       SUBSCRIPTION.
Subject to the terms and conditions set forth herein, the Company hereby agrees to issue and sell to Subscriber, and Subscriber hereby
agrees to purchase at the Closing referred to below, 12,155,591 shares of Common Stock (the “Shares”) for a
purchase price of $1.234 per share1 or an aggregate $15,000,000.00 (the “Subscription Price”).

 

1.2       PAYMENT
FOR COMMON STOCK. Subscriber agrees that the Subscription Price to the Company for the Shares is to be made upon submission by check
or by wire transfer to an account designated by the Company. Such funds will be returned promptly, without interest or offset if Purchaser’s
subscription is not accepted by the Company for any reason or no reason.

 

1.3       CLOSING.
The sale and purchase of the Shares under this Subscription Agreement shall be made pursuant to a closing at which the Company will
deliver to Subscriber certificates representing the Common Stock, or in book entry form in lieu of certificates, against payment of the
Subscription Price therefor (the “Closing” and the date thereof, the “Closing Date”). The parties
agree that the delivery of this Agreement and any other documents at the Closing may be completed by means of an exchange of facsimile
signatures with original copies to follow by mail or courier service:

 

		(a)	Closing
                                            Deliveries.

 

		(i)	At
                                            or prior to the Closing, Subscriber shall deliver to the Company

 

		(A)	a
                                            duly executed copy of this Agreement together with the duly executed Investor Questionnaire
                                            in the form attached hereto as Exhibit A, completed to the satisfaction of the Company;
	 	 	 
		(B)	the
                                            Subscription Amount in the manner prescribed by Section 1.2 hereto; and

 

		(ii)	At
                                            or prior to the Closing, the Company shall deliver to Subscriber:

 

		(A)	a
                                            duly executed Officer’s Certificate certifying (A) the Company has performed in all
                                            material respects all obligations required to be performed by it at or prior to or contemporaneously
                                            with the closing under this Agreement, and (B) the representations and warranties of the
                                            Company set forth in Section 2.1 herein were true and correct in all material respects as
                                            of the date of this Agreement and are true and correct in all material respects as of the
                                            applicable Closing; and

 

 

1
Price per share of Common Stock will be at least the “greater of book or market value market price” (i.e. above
market), in accordance with NYSE American Sec 713(a).

 

    	 

     

    

 

		(B)	a
                                            duly executed Secretary’s Certificate certifying (A) the resolutions of the Company’s
                                            Board of Directors approving: (i) this Agreement, the issuance of the Shares and each of
                                            the other agreements and documents entered into or delivered by the parties hereto in connection
                                            with the transactions contemplated hereby or thereby (the “Transaction Documents”)
                                            and (ii) the consummation of the transactions contemplated hereby and thereby.

 

		2.	REPRESENTATIONS
                                            AND WARRANTIES.

 

2.1       REPRESENTATIONS
AND WARRANTIES BY THE COMPANY. The Company represents and warrants to Subscriber, except as and to the extent set forth in the publicly
available reports, schedules, forms, statements and other documents filed by the Company with the Securities Exchange Commission (the
“SEC”), since the fiscal quarter ended June 30, 2021 and before the trading day immediately prior to the date
hereof (the “SEC Reports”), to the extent the relevance of the disclosure is reasonably apparent, as follows,
in each case as of the date hereof to the best of the Company’s knowledge:

 

(a)       Authorization.
The Company has all corporate right, power and authority to enter into this Agreement and the other Transaction Documents and to
consummate the transactions contemplated hereby and thereby. All corporate action on the part of the Company, its directors and stockholders
necessary for the: (i) authorization execution, delivery and performance of the Transaction Documents by the Company; and (ii) authorization,
sale, issuance and delivery of the Shares as contemplated hereby and the performance of the Company’s obligations under the Transaction
Documents. The issuance and sale of the Shares contemplated hereby will not give rise to any preemptive rights or rights of first refusal
on behalf of any person which have not been waived in connection with this transaction contemplated hereby. The Company is not in default
of any other obligations, including any promissory notes or debentures.

 

(b)       Enforceability.
Assuming this Agreement and each other Transaction Document has been duly and validly authorized, executed and delivered by the parties
hereto and thereto other than the Company, each Transaction Document to which the Company is a party has been duly authorized, executed
and delivered by the Company and constitutes the legal, valid and binding obligations of the Company enforceable against the Company
in accordance with its terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and
other similar laws affecting the enforcement of creditors rights generally.

 

(c)       No
Violations. The execution, delivery and performance of this Agreement, the other Transaction Documents by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby will not (i) result in a violation of the Articles of Incorporation
of the Company or other organizational documents of the Company, (ii) conflict with, or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of, any agreement, indenture or instrument to which the Company is a party, or (iii) result in a violation of any law, rule,
regulation, order, judgment or decree applicable to the Company by which any property or asset of the Company is bound or affected.

 

(d)       Litigation.

 

(i)
To the best knowledge of the Company, there are no legal or governmental proceedings against the Company pending or threatened (in writing)
which could materially adversely affect the business, property, financial condition or operations of the Company or which materially
and adversely questions the validity of this Agreement or any other Transaction Documents or the right of the Company to enter into any
of such agreements, or to consummate the transactions contemplated hereby or thereby. The Company is not a party or subject to the provisions
of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality which could materially adversely
affect the business, property, financial condition or operations of the Company. There is no action, suit, proceeding or investigation
by the Company currently pending in any court or before any arbitrator or that the Company intends to initiate.

 

(ii)
To the best knowledge of the Company, there is no civil, criminal or administrative action, suit, demand, claim, hearing, notice of violation
or investigation, proceeding or demand letter pending, or to the knowledge of the Company threatened, against the Company, which if adversely
determined would reasonably be expected to have a material adverse effect on the ability of the Company to perform its obligations hereunder
or under any other Transaction Document to which the Company is a party. There is no civil, criminal or administrative action, suit,
demand, claim, hearing, notice of violation or investigation, proceeding or demand letter pending, or to the knowledge of the Company
threatened, against or affecting the Company or any of its subsidiaries that, if adversely determined, would reasonably be expected to
have a material adverse effect on the Company and its subsidiaries (taken as a whole). There are no outstanding orders, writs, judgments,
decrees, injunctions or settlements that would reasonably be expected to have a material adverse effect on the Company and its subsidiaries
(taken as a whole).

 

    	 

     

    

 

(e)       Title
to Assets. The Company has good and marketable title to its properties and assets, and good title to its leasehold estates, in each
case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than (i) those resulting from taxes which have not yet
become delinquent; (ii) liens and encumbrances which do not materially detract from the value of the property subject thereto or materially
impair the operations of the Company; and (iii) those that have otherwise arisen in the ordinary course of business. The Company is in
compliance with all material terms of each lease to which it is a party or is otherwise bound.

 

(f)       Capitalization.
The authorized, issued and outstanding shares of capital stock of the Company are as set forth in the SEC Reports and, and all of the
outstanding equity securities of the Company have been duly authorized and validly issued and are fully paid and non-assessable. Except
as set forth in the SEC Reports, as defined below, there are no (i) outstanding subscriptions, warrants, options, calls, rights of first
offer, rights of first refusal, tag along rights, drag along rights, subscription rights, conversion rights, exchange rights, or commitments
or rights of any character relating to or entitling any Person to purchase or otherwise acquire any equity securities of the Company
or requiring the Company to issue or sell any equity securities, (ii) obligations or securities convertible into or exchangeable for
shares of any equity securities of the Company or any commitments of any character relating to or entitling any Person to purchase or
otherwise acquire any such obligations or securities, (iii) statutory preemptive rights or preemptive rights granted under the organizational
documents of the Company, or (iv) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect
to the Company. There are no stockholder agreements, voting trusts, proxies or other agreements, instruments or understandings with respect
to the purchase, sale, transfer or voting of the outstanding shares of equity securities of the Company. There are no commitments under
which the Company is obligated to repurchase, redeem, retire or otherwise acquire any equity securities of the Company.

 

(g)       Financial
Statements. The consolidated financial statements of the Company and its subsidiaries (including all notes and schedules thereto)
included or incorporated by reference in the SEC Reports present fairly in all material respects the financial position of such entities
at the dates indicated and the statement of operations, stockholders’ equity and cash flows of, or such other permitted financial
statements for, such entities for the periods specified, and related schedules and notes thereto, and the unaudited financial information
filed with the SEC as part of the SEC Reports, have been prepared in conformity with generally accepted accounting principles, consistently
applied throughout the periods involved, except in the case of unaudited financials which are subject to normal year-end adjustments
and do not contain certain footnotes. Any pro forma financial statements and the related notes thereto included in the SEC Reports present
fairly in all material respects the information shown therein, have been prepared in all material respects in accordance with the SEC’s
rules and guidelines with respect to pro forma financial statements and have been properly compiled on the bases described therein, and
subject to such rules and guidelines, the Company believes the assumptions used in the preparation thereof are reasonable and the adjustments
used therein are appropriate to give effect to the transactions and circumstances referred to therein. Except as included therein, no
historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the
SEC Reports under the Securities Act or the rules promulgated thereunder.

 

(h)       Investment
Company. The Company is not, and will not become, an “investment company” within the meaning of such term under the Investment
Company Act of 1940, as amended, and the rules and regulations of the SEC thereunder.

 

(i)       No
Solicitation. Neither the Company nor any person participating on the Company’s behalf in the transactions contemplated hereby
has conducted any “general solicitation,” as such term is defined in Regulation D promulgated under the Securities Act, with
respect to any of the securities being offered hereby.

 

(j)       Blue
Sky. The Company agrees to file a Form D with respect to the sale of the securities offered hereby under Regulation D of the rules
and regulations promulgated under the Securities Act. The Company shall take such action as the Company shall reasonably determine is
necessary to qualify the securities for sale to the Subscriber pursuant to this Agreement under applicable securities or “blue
sky” laws of the states of the United States (or to obtain an exemption from such qualification).

 

(k)       Non-Contravention.
The execution and delivery of the Transaction Documents, and the consummation by the Company of the transactions contemplated thereby,
does not (i) result in a violation of either the Certificate of Incorporation or By-laws of the Company, or (ii) constitute a default
under (or an event which with notice or lapse of time or both could become a default) or give to others any rights of termination, amendment
or cancellation of, any material agreement, indenture or instrument to which the Company is a party unless the same shall have been waived
or consented to by the other party, or result in a violation of any law, rule, regulation, order, judgment or decree (foreign or domestic
and including federal and state securities laws and regulations) applicable to the Company or by which any material property or asset
of the Company is bound or affected other than any of the foregoing which would not have a Material Adverse Effect (as hereinafter defined).

 

(l)       SEC
Reports; Undisclosed Developments. As of their respective dates, the SEC Reports complied in all material respects with the requirements
of the Securities Act and the Exchange Act, as applicable, and none of the SEC Reports, when filed, contained any untrue statement of
a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading. The Company does not have pending before the SEC any request
for confidential treatment of information. Except for the issuance of the securities contemplated by this Agreement, no event, liability,
fact, circumstance, occurrence or development has occurred or exists, or is reasonably expected to occur or exist, with respect to the
Company or its business, properties, operations, assets or financial condition, that would be required to be disclosed by the Company
under applicable law at the time this representation is made or deemed made that has not been publicly disclosed at least two trading
days prior to the date that this representation is made.

 

    	 

     

    

 

(m)       Absence
of Certain Changes. Subsequent to the respective dates as of which information is given in the most recently filed periodic report
under the Exchange Act: (i) there has not been any event which would reasonably be expected to result in a material adverse effect on
the assets, properties, condition, financial or otherwise, or in the results of operations or business affairs of the Company and its
subsidiaries considered as a whole; (ii) neither the Company nor any of its subsidiaries has sustained any loss or interference with
its assets, businesses or properties (whether owned or leased) from fire, explosion, earthquake, flood or other calamity, whether or
not covered by insurance, or from any labor dispute or any court or legislative or other governmental action, order or decree which would
reasonably be expected to materially affect the financial results or financial condition of the Company or any of its subsidiaries. Since
the date of the latest balance sheet included in the SEC Reports, neither the Company nor any of its subsidiaries has (A) issued any
securities or incurred any liability or obligation, direct or contingent, for borrowed money, except such liabilities or obligations
incurred in the ordinary course of business, (B) entered into any transaction not in the ordinary course of business or (C) declared
or paid any dividend or made any distribution on any shares of its stock or redeemed, purchased or otherwise acquired or agreed to redeem,
purchase or otherwise acquire any shares of its capital stock.

 

2.2       SURVIVAL
OF REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Company shall survive the Closing for a period of 12
months and shall be fully enforceable at law or in equity against the Company and the Company’s successors and assigns.

 

2.3       DISCLAIMER.
It is specifically understood and agreed by the Subscriber that the Company has not made, nor by this Agreement shall be construed
to make, directly or indirectly, explicitly or by implication, any representation, warranty, projection, assumption, promise, covenant,
opinion, recommendation or other statement of any kind or nature with respect to the anticipated profits or losses of the Company, except
as otherwise provided with this Agreement.

 

2.4       REPRESENTATIONS
AND WARRANTIES BY SUBSCRIBER. Subscriber represents and warrants to the Company, as of the date hereof, as follows:

 

(a)       Subscriber
is acquiring the Shares for Subscriber’s own account, as principal, for investment purposes only and not with any intention to
resell, distribute or otherwise dispose of the Shares.

 

(b)       Subscriber
has had an unrestricted opportunity to: (i) obtain information concerning the Shares, the Company and its proposed and existing business
and assets; and (ii) ask questions of, and receive answers from the Company concerning information as may have been necessary to verify
the accuracy of the information contained in this Agreement or otherwise provided. Subscriber acknowledges receipt of copies of the SEC
Reports (or access thereto via EDGAR). Neither such inquiries nor any other due diligence investigation conducted by such Subscriber
shall modify, limit or otherwise affect such Subscriber’s right to rely on the Company’s representations and warranties contained
in this Agreement.

 

(c)       Subscriber
is an Accredited Investor, within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, and has such knowledge
and experience in financial and business matters that he is capable of evaluating the merits and risks of investing in the Company, and
all information that Subscriber has provided concerning Subscriber, Subscriber’s financial position and knowledge of financial
and business matters is true, correct and complete. Subscriber acknowledges and understands that the Company will rely on the information
provided by Subscriber in this Agreement and in the Subscriber Questionnaire annexed hereto as Exhibit B for purposes of complying
with federal and applicable state securities laws.

 

(d)       Subscriber
has not dealt with a placement in connection with the purchase of the securities offered hereunder and agrees to indemnify and hold the
Company and its officers and directors harmless from any claims for placement agent or similar fees in connection with the transactions
contemplated herein.

 

(e)       Subscriber
is not relying on the Company or any of the Company’s management, officers, employees, agents, consultants or the Company’s
legal counsel with respect to any legal, investment or tax considerations involved in the purchase, ownership and disposition of the
Shares. The Subscriber has relied solely on the advice of, or has consulted with, in regard to the legal, investment and tax considerations
involved in the purchase, ownership and disposition of the Common Stock, Subscriber’s own legal counsel, business and/or investment
adviser, accountant and tax adviser.

 

(f)       Subscriber
understands that the Shares cannot be sold, assigned, transferred, exchanged, hypothecated or pledged, or otherwise disposed of or encumbered
except in accordance with the Securities Act or Exchange Act, and that a market may never exist for the resale of any such securities.
In addition, Subscriber understands that the Shares, have not been registered under the Securities Act, or under any applicable state
securities or blue sky laws or the laws of any other jurisdiction, and cannot be resold unless they are so registered or unless an exemption
from registration is available. Subscriber understands that there is no current plan to register the Shares.

 

    	 

     

    

 

(g)       Subscriber
is willing and able to bear the economic and other risks of an investment in the Company for an indefinite period of time. Subscriber
has read and understands the provisions of this Agreement.

 

(h)       Subscriber
maintains Subscriber’s domicile and is not merely a transient or temporary resident at the residence address shown on the signature
page of this Agreement.

 

(i)       Subscriber
is not participating in the transaction contemplated hereby as a result of or subsequent to: (i) any advertisement, article, notice or
other communication published in any newspaper, magazine or similar media or broadcast over television or radio; (ii) any seminar or
meeting whose attendees have been invited by any general solicitation or general advertising; or (iii) any registration statement the
Company may have filed with the SEC.

 

(j)       Subscriber
is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, as the
case may be. Subscriber has all requisite power and authority to own its properties, to carry on its business as presently conducted,
to enter into and perform the Subscription and the agreements, documents and instruments executed, delivered and/or contemplated hereby
to which it is a party and to carry out the transactions contemplated hereby and thereby. Subscription Documents are valid and binding
obligations of Subscriber, enforceable against it in accordance with their terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, moratorium, reorganization or similar laws, from time to time in effect, which affect enforcement of creditors’
rights generally. If applicable, the execution, delivery and performance of the Subscription Documents to which it is a party have been
duly authorized by all necessary action of Subscriber. The execution, delivery and performance of the Subscription Documents and the
performance of any transactions contemplated by the Subscription Documents will not: (i) violate, conflict with or result in a default
(whether after the giving of notice, lapse of time or both) under any contract or obligation to which Subscriber is a party or by which
it or its assets are bound, or any provision of its organizational documents (if an entity), or cause the creation of any lien or encumbrance
upon any of the assets of Subscriber; (ii) violate, conflict with or result in a default (whether after the giving of notice, lapse of
time or both) under, any provision of any law, regulation or rule, or any order of, or any restriction imposed by any court or other
governmental agency applicable to Subscriber; (iii) require from Subscriber any notice to, declaration or filing with, or consent or
approval of any governmental authority or other third party other than pursuant to federal or state securities or blue sky laws; or (iv)
accelerate any obligation under, or give rise to a right of termination of, any agreement, permit, license or authorization to which
Subscriber is a party or by which it is bound.

 

(k)       Subscriber
acknowledges and agrees that the Company intends to raise additional funds, which may be on different terms than the terms of this Agreement
to operate its business and that it will likely suffer dilution as a result thereof.

 

(l)       Subscriber
acknowledges and agrees that the Company will have broad discretion with respect to the use of the proceeds from the purchase of the
Shares, and investors will be relying on the judgment of management regarding the application of these proceeds.

 

(m)       At
the time Subscriber was offered the Shares, it was, and at the date hereof it is, and Subscriber will be, an “accredited investor”
as defined in Rule 501(a) under the Securities Act. Subscriber hereby represents that neither Subscriber nor any of its Rule 506(d) Related
Parties is a “bad actor” within the meaning of Rule 506(d) promulgated under the Securities Act. For purposes of this Agreement,
“Rule 506(d) Related Party” shall mean a person or entity covered by the “Bad Actor disqualification”
provision of Rule 506(d) of the Securities Act.

 

(n)       Subscriber
understands the various risks of an investment in the Company, and has carefully reviewed the various risk factors described in the Company’s
filings with the SEC.

 

    	 

     

    

 

		3.	MISCELLANEOUS.

 

		3.1	INDEMNIFICATION.

 

(a)       Subscriber
will indemnify and hold harmless the Company and its respective officers, directors, members, shareholders, partners, representatives,
employees and agents, successors and assigns against any losses, obligations, claims, damages, liabilities, contingencies, judgments,
fines, penalties, charges, costs (including, without limitation, court costs, reasonable attorneys’ fees and costs of defense and
investigation), amounts paid in settlement or expenses, joint or several (collectively, “Company Claims”),
reasonably incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken
from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending
or threatened, whether or not an indemnified party is or may be a party thereto, to which any of them may become subject insofar as such
Company Claims (or actions or proceedings, whether commenced or threatened, in respect thereof): (i) arise out of or are based upon any
untrue statement or untrue statement of a material fact made by Subscriber and contained in this Agreement; or (ii) arise out of or are
based upon any material breach by the Subscriber of any material representation, warranty, or agreement made by Subscriber contained
herein; provided, however, and notwithstanding anything to the contrary, in no event shall the liability of Subscriber pursuant to this
Section 4.1 exceed the Subscription Price that Subscriber pays pursuant to this Agreement.

 

3.2       The
Company will indemnify and hold harmless Subscriber and Subscriber’s officers, directors, members, shareholders, partners, representatives,
employees and agents, successors and assigns, and each other person, if any, who controls Subscriber within the meaning of the Securities
Act against any losses, obligations, claims, damages, liabilities, contingencies, judgments, fines, penalties, charges, costs (including,
without limitation, court costs, reasonable attorneys’ fees and costs of defense and investigation), amounts paid in settlement
or expenses, joint or several (collectively, “Subscriber Claims”), reasonably incurred in investigating, preparing
or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or
governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified
party is or may be a party thereto, to which any of them may become subject insofar as such Subscriber Claims (or actions or proceedings,
whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any blue sky application or other document executed
by the Company specifically for that purpose or based upon written information furnished by the Company filed in any state or other jurisdiction
in order to qualify any or all of the shares of Common Stock under the securities laws thereof (any such application, document or information
herein called a “Blue Sky Application”); (ii) any untrue statement or alleged untrue statement of a material
fact made by the Company in this Agreement; (iii) any breach by the Company of any representation, warranty, or agreement made by it
contained herein; or (iv) any violation by the Company or its agents of any rule or regulation promulgated under the Securities Act applicable
to the Company or its agents and relating to action or inaction required of the Company in connection with the transactions contemplated
hereby; and will reimburse such Subscriber or other indemnified person, and each such officer, director or member and each such controlling
person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such claim or action;
provided, however, that the Company will not be liable in any such case if and to the extent that any such loss, claim, damage or liability
arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity
with information furnished by such Subscriber or other indemnified party or any such controlling person to the Company.

 

3.3       ADDRESSES
AND NOTICES. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be
in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication
is delivered via e-mail transmission prior to 5:00 P.M., New York City time, on a trading day, (b) the next trading day after the
date of transmission, if such notice or communication is delivered via e-mail transmission on a day that is not a trading day or
later than 5:00 P.M., New York City time, on any trading day, (c) the trading day following the date of mailing, if sent by U.S.
nationally recognized overnight courier service with next day delivery specified, or (d) upon actual receipt by the party to whom
such notice is required to be given. The address and e-mail address for such notices and communications shall be as
follows:

 

	If
    to the Company to:	Document
                                            Security Systems, Inc.

    6
    Framark Drive

    Victor,
    New York 14564

    Attention:
    Frank Heuszel

    Telephone:
    (585) 325-3610

    Email:
fheuszel@dsssecure.com

	 	 
	With
    copies to:	Sichenzia
                                            Ross Ference LLP

    1185
    Avenue of the Americas, 31st Floor New York,

    New York 10036

    Attention:
    Darrin M. Ocasio

    Facsimile
    No.: (212) 930-9725

    Sichenzia
Email: DMOcasio@SRF.LAW

	 	 
	If
    to the Subscriber:	Alset
                                            EHome International Inc.

    4800
    Montgomery Lane

    Suite
    210

    Bethesda,
    Maryland 20814

    Attention:
    Tung Moe Chan

    Telephone:
    (301) 971-3955 / (301) 971-3940

    Email:
contact@alsetehomeintl.com

 

    	 

     

    

 

Any
such person may by notice given in accordance with this Section 4.3 to the other parties hereto designate another address or person
for receipt by such person of notices hereunder.

 

3.4       TITLES
AND CAPTIONS. TITLES AND CAPTIONS. All Article and Section titles or captions in this Agreement are for convenience only. They shall
not be deemed part of this Agreement and do not in any way define, limit, extend or describe the scope or intent of any provisions hereof.

 

3.5       ASSIGNABILITY.
This Agreement is not transferable or assignable by the undersigned.

 

3.6       PRONOUNS
AND PLURALS. Whenever the context may require, any pronoun used herein shall include the corresponding masculine, feminine or neuter
forms. The singular form of nouns, pronouns and verbs shall include the plural and vice versa.

 

3.7       FURTHER
ACTION. The parties shall execute and deliver all documents, provide all information and take or forbear from taking all such action
as may be necessary or appropriate to achieve the purposes of this Agreement. Each party shall bear its own expenses in connection therewith.

 

3.8       APPLICABLE
LAW. This Agreement shall be construed in accordance with and governed by the laws of the State of New York without regard to its
conflict of law rules.

 

3.9       BINDING
EFFECT. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, administrators,
successors, legal representatives, personal representatives, permitted transferees and permitted assigns. If the undersigned is more
than one person, the obligation of the undersigned shall be joint and several and the agreements, representations, warranties and acknowledgments
herein contained shall be deemed to be made by and be binding upon each such person and such person’s heirs, executors, administrators
and successors.

 

3.10       INTEGRATION.
This Agreement, together with the remainder of the Subscription Documents of which this Agreement forms a part, constitutes the entire
agreement among the parties pertaining to the subject matter hereof and supersedes and replaces all prior and contemporaneous agreements
and understandings, whether written or oral, pertaining thereto, including without limitation, the Prior Agreement. No covenant, representation
or condition not expressed in this Agreement shall affect or be deemed to interpret, change or restrict the express provisions hereof.

 

3.11       AMENDMENT.
Neither this Agreement nor any term or provision hereof may be amended, modified, waived or supplemented orally, but only by a written
consent executed by the parties hereto.

 

3.12       CREDITORS. None of the provisions of this Agreement shall be for the benefit of or enforceable by creditors of
any party.

 

3.13       WAIVER.
No failure by any party to insist upon the strict performance of any covenant, agreement, term or condition of this Agreement or
to exercise any right or remedy available upon a breach thereof shall constitute a waiver of any such breach or of such or any other
covenant, agreement, term or condition.

 

3.14       RIGHTS
AND REMEDIES. The rights and remedies of each of the parties hereunder shall be mutually exclusive, and the implementation of one
or more of the provisions of this Agreement shall not preclude the implementation of any other provision.

 

3.15       COUNTERPARTS.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement
and all of which, when taken together, will be deemed to constitute one and the same agreement. In the event that any signature is delivered
by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding
obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile
or “.pdf” signature page were an original thereof.

 

SIGNATURES
ON THE FOLLOWING PAGES

 

    	 

     

    

 

As
of the date first written above, Subscriber hereby elects to purchase the Shares in an aggregate subscription amount of $15,000,000 and
executes the Subscription Agreement.

 

	Signature of Subscriber:	 	 
	 	 	 	 
	/s/
    Tung Moe Chan	 	Alset
    EHome International Inc.
	Name:	Tung
    Moe Chan	 	Print
    Name of Subscriber
	Title
    (if entity):	Co-Chief
    Executive Officer	 	 
	SSN
    or EIN	83-1079861	 	 
	 	 	 	 
	Mailing Address of Subscriber:	 	Residence
    of Subscriber
	 	 	 	(if
    different from Mailing Address)
	Alset EHome International Inc.	 	 
	4800 Montgomery Lane, Suite 210	 	 
	Bethesda, Maryland 20814	 	 

 

E-mail
Address: contact@alsetehomeintl.com48

 

If
Joint Ownership, check one:

 

[  ]
Joint Tenants with Right of Survivorship

[  ] Tenants-in-Common

[  ] Tenants by the Entirety

[  ] Community Property

[  ] Other (specify): 

 

Joint
Owner (if applicable):

 

	 	 
	Name:	 	 

 

SIGNATURE
PAGE TO SUBSCRIPTION AGREEMENT

 

    	 

     

    

 

	FOREGOING
    SUBSCRIPTION ACCEPTED:	 
	 	 
	DOCUMENT
    SECURITY SYSTEMS, INC.	 
	 	 	 
	By:	/s/
Frank D. Heuszel	 
	Name:
    	Frank
    D. Heuszel	 
	Title:	Chief
    Executive Officer	 

 

SIGNATURE
PAGE TO SUBSCRIPTION AGREEMENT

 

    	 

     

    

 

EXHIBIT
A

 

DOCUMENT
SECURITY SYSTEMS, INC.

 

SUBSCRIBER
QUESTIONNAIRE

 

Document
Security Systems, Inc.

6
Framark Drive 

Victor, New York 14564

 

The
information contained herein is being furnished to Document Security Systems, Inc. (the “Company”) in order
for the Company to determine whether the undersigned’s subscription for Common Stock (the “Common Stock”)
therein may be accepted pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”)
and Regulation D promulgated thereunder (“Regulation D”). The undersigned understands that (i) the Company
will rely upon the following information for purposes of complying with Federal and applicable state securities laws, (ii) none of the
Common Stock will be registered under the Securities Act in reliance upon the exemption from registration provided by Section 4(a)(2)
of the Securities Act and Regulation D, and (iii) this questionnaire is not an offer to sell nor the solicitation of an offer to buy
any Common Stock or any other securities, to the undersigned.

 

The
following representations and information are furnished herewith:

 

1.       QUALIFICATION
AS AN ACCREDITED INVESTOR. Please check the categories applicable to you indicating the basis upon which you qualify as an Accredited
Investor for purposes of the Securities Act and Regulation D thereunder.

 

	[  ]	Individual
    with Net Worth In Excess of $1,000,000. A natural person (not an entity) whose net worth, or joint net worth with his or her
    spouse, at the time of purchase exceeds $1,000,000. (Explanation: In calculating your net worth, you must exclude the value of your
    primary residence. This means you must exclude both the equity in your primary residence and any mortgage or other debt secured by
    your primary residence up to the fair market value of your primary residence; provided, however, that any indebtedness secured by
    your primary residence that (i) you have incurred in the 60 day period prior to the date of your subscription to the Company or (ii)
    is in excess of the fair market value of your primary residence should be considered a liability and deducted from your aggregate
    net worth. In calculating your net worth, you may include your equity in personal property and real estate (excluding your primary
    residence), cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate (excluding
    your primary residence) should be based on the fair market value of such property less debt secured by such property.)
	 	 
	[   ]	Individual
    with a $200,000 Individual Annual Income. A natural person (not an entity) who had an individual income of more than $200,000
    in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

 

    	 	A-1	 

     

    

 

	[  ]	 Individual
    with a $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of
    $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current
    year.
	 	 
	[X]	Corporations
    or Partnerships. A corporation, partnership, or similar entity that has in excess of $5,000,000 of assets and was not formed
    for the specific purpose of acquiring Common Stock of the Company.
	 	 
	[  ]	 Revocable
    Trust. A trust that is revocable by its grantors and each of whose grantors is an accredited investor. (If this category
    is checked, please also check the additional category or categories under which the grantor qualifies as an accredited investor.)
	 	 
	[  ]	 Irrevocable
    Trust. A trust (other than an ERISA plan) that (i) is not revocable by its grantors, (ii) has in excess of $5,000,000 of assets,
    (iii) was not formed for the specific purpose of acquiring Common Stock, and (iv) is directed by a person who has such knowledge
    and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment
    in the Company.
	 	 
	[  ]	IRA
    or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers a natural person who is an accredited investor. (If
    this category is checked, please also check the additional category or categories under which the natural person covered by the IRA
    or plan qualifies as an accredited investor.)
	 	 
	[  ]	Participant-Directed
    Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account
    of, a participant who is an accredited investor. (If this category is checked, please also check the additional category or categories
    under which the participant qualifies as an accredited investor.)
	 	 
	[  ]	Other
    ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant- directed
    plan with total assets in excess of $5,000,000 or for which investment decisions (including the decision to purchase an Interest)
    are made by a bank, registered investment adviser, savings and loan association, or insurance company.
	 	 
	[  ]	Government
    Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit
    of its employees, with total assets in excess of $5,000,000.
	 	 
	[  ]	Non-Profit
    Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess
    of $5,000,000 (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial
    statements.

 

    	 	A-2	 

     

    

 

	[  ]	Other
    Institutional Investor (check one).

 

	 	[  ]	A
    bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity);
	 	[  ]	A
    savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its
    own account or in a fiduciary capacity;
	 	[  ]	A
    Placement Agent-dealer registered under the Securities Exchange Act of 1934, as amended; [ ] An insurance company, as defined in
    section 2(13) of the Securities Act;
	 	[  ]	A
    “business development company,” as defined in Section 2(a)(48) of the Investment Company Act;
	 	[  ]	A
    small business investment company licensed under Section 301(c) or (d) of the Small Business Investment Act of 1958, as amended;
    or
	 	[  ]	A
    “private business development company” as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended.

 

	[  ]	Executive
    Officer or Director. A natural person who is an executive officer, director or managing member of the Company.
	 	 
	[  ]	Entity
    Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each
    of whose equity owners is an accredited investor. (If this category is checked, please also check the additional category or categories
    under which each equity owner qualifies as an accredited investor.)
	 	 
	[  ]	I
    do not qualify for any of the above.

 

2.       REPRESENTATIONS
AND WARRANTIES BY LIMITED LIABILITY COMPANIES, CORPORATIONS, PARTNERSHIPS, TRUSTS AND ESTATES. If the Subscriber is a corporation,
partnership, limited liability company or trust, the Subscriber and each person signing on behalf of Subscriber certifies that the following
responses are accurate and complete:

 

Was
the undersigned organized or reorganized for the specific purpose, or for the purpose among other purposes, of acquiring interests in
the Company?

 

Yes           [  ]           No           [X]

 

Will
the Subscriber, at any time, invest more than 40% of Subscriber’s assets in the Company?

 

Yes           [  ]           No           [X]

 

Under
the Subscribing entity’s governing documents and in practice, are the Subscribing entity’s investment decisions based on
the investment objectives of the Subscribing entity and its owners generally and not on the particular investment objectives of any one
or more of its individual owners?

 

Yes           [X]           No           [  ]

 

    	 	A-3	 

     

    

 

Does
any individual shareholder, partner or member or group of shareholders, partners or members of the undersigned have the right to elect
whether or not to participate in the investment of the Subscribing entity in the Company or to determine the level of participation of
such partner or group therein?

 

Yes           [  ]           No           [X]

 

Is
the Subscribing entity authorized and qualified to become a holder of common stock of the Company and does the Subscribing entity and
the undersigned hereto further represent and warrant that such signatory has been duly authorized by the Subscribing entity to execute
the Subscription Documents?

 

Yes           [X]           No           [  ]

 

Is
the undersigned a private investment company which is not registered under the Investment Company Act, as amended, in reliance on Section
3(c)(1) or Section 3(c)(7) thereof?

 

Yes           [  ]           No           [X]

 

3.       TAXPAYER
ID NUMBER; NO BACKUP WITHHOLDING; NOT A FOREIGN PERSON OR ENTITY. If Subscriber is a “non-U.S. person or entity,” allocations
of Company income may be subject to withholding and taxation under the Internal Revenue Code, as amended (“Code”).
Subscriber acknowledges that it may be required to file U.S. income tax returns. If the Subscriber is a foreign corporation, foreign
partnership, foreign trust or foreign estate (as those terms are defined in the Code and the regulations thereunder), please contact
the Company. The Subscriber understands that the information contained in this item may be disclosed to the Internal Revenue Service
by the Company and that any false statement contained in this item could be punished by fine, imprisonment or both.

 

Subscriber
certifies that the taxpayer identification number being supplied herewith by Subscriber is Subscriber’s correct taxpayer identification
number and that Subscriber is not subject to backup withholding under Section 3406 of the Code and the regulations thereunder?

 

Yes           [X]           No           [  ]

 

Subscriber
certifies that Subscriber is not a “Non-U.S. person” or, if an entity, that Subscribing entity is not a foreign corporation,
foreign partnership, foreign trust or foreign estate, as those terms are defined the Code and the regulations thereunder.

 

Yes           [X]           No           [  ]

 

If
Subscriber’s non-foreign status changes or if any other information in this item changes, Subscriber agrees to notify the Company
within 30 days thereafter.

 

Yes           [X]           No           [  ]

 

    	 	A-4	 

     

    

 

To
the best of my information and belief, the above information supplied by me is true and correct in all respects.

 

	 	Alset
    EHome International Inc.
	 	 	 
	 	By:	/s/
    Tung Moe Chan
	 	Name:	Tung Moe Chan
	 	Title:	Co-Chief
Executive Officer
	 	Date:	September
3, 2021

 

    	 	A-5Exhibit 10.2

  

CLASS A COMMON
STOCK PURCHASE AGREEMENT

 

Dated
as of September 8, 2021

 

 among

 

American Pacific
Bancorp Inc.

 

 and

 

Document Security
Systems Inc.

 

CLASS A COMMON
STOCK PURCHASE AGREEMENT

 

This CLASS
A COMMON STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of September 8, 2021, is made by and among
American Pacific Bancorp Inc., a Texas corporation (the “Company”) and Document Security Systems Inc. (“Purchaser”).

 

RECITALS

 

A.       The
Company and Purchaser are executing and delivering this Agreement in reliance upon the exemption from registration afforded by Section
4(2) of the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”),
including Regulation D (“Regulation D”), as promulgated by the United States Securities and Exchange Commission
(the “SEC”) under the Securities Act.

 

B.       Purchaser
wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, up to 6,666,700 shares (the
“Shares”) of class A common stock, par value $0.01 per share, of the Company
(“Class A Common Stock”) at a price of $6.00 share or an aggregate amount of $40,000,200 (the “Purchase Price”).

 

NOW, THEREFORE, IN CONSIDERATION of
the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are
hereby acknowledged, the Company and Purchaser agree as follows:

 

ARTICLE
I

 

Purchase and Sale of Class
A Common Stock

 

Section 1.1
Sale and Issuance of Class A Common Stock. Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase
from the Company at the Closing (as defined below) and the Company agrees to sell, convey, transfer, and issue to Purchaser, free and
clear of any mortgage, pledge, lien, charge, security interest, claim, community property interest, option, equitable interest, restriction
of any kind (including any restriction on use, voting, transfer, receipt of income, or exercise of any other ownership attribute), or
other encumbrance (each, an "Encumbrance"), at the Closing, the Shares at the Purchase Price as defied above.

 

Section 1.2
Delivery. At the Closing, the Company shall issue to each Purchaser certificate(s), or in book entry form in lieu of certificates,
representing the Shares purchased pursuant to this Agreement upon Purchaser’s payment
of the Purchase Price therefor by wire transfer according to the wire instructions attached hereto as Exhibit A. At the Closing,
Purchaser and the Company shall execute and deliver this Agreement.

 

    	1

    	 

    

 

Section 1.3
Closing. The closing of the purchase and sale of the Shares (the “Closing”) shall take place on the date when all
of the Transaction Documents (defined below) have been executed and delivered by the applicable parties and the other conditions to the
Closing set forth in Sections 1.2 and 3 have been satisfied or waived (or such later date as is mutually agreed to by the Company and
the Purchaser).

 

ARTICLE II

 

Representations
and Warranties

 

Section 2.1
Representations and Warranties of the Company. In order to induce Purchaser to enter into this Agreement and to purchase the
Class A Common Stock, the Company hereby makes the following representations and warranties
to Purchaser:

 

(a)       Organization,
Good Standing and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the
State of Texas and has the requisite corporate power to own, lease and operate its properties and assets and to conduct its business as
it is now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction
in which the nature of the business conducted or property owned by it makes such qualification necessary, except for any jurisdiction(s)
(alone or in the aggregate) in which the failure to be so qualified will not have a Material Adverse Effect. For the purposes of this
Agreement, “Material Adverse Effect” means any adverse effect on the business, operations, properties or financial
condition of the Company which is material to the Company taken as a whole. The Company’s subsidiaries are listed on Schedule
2.1(a) of this Agreement

 

(b)       Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and perform this Agreement and the other agreements
and documents contemplated hereby and thereby and executed by the Company or to which the Company is party (collectively, the “Transaction
Documents”), and to issue and sell the Class A Common Stock in accordance with the terms hereof. The execution, delivery and
performance of the Transaction Documents by the Company and the consummation by it of the transactions contemplated thereby have been
duly and validly authorized by all necessary corporate action, and no further consent or authorization of the Company, its board of directors
(the “Board”) or its stockholders is required. Each of the Transaction Documents constitutes, or shall constitute when
executed and delivered, a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
(i) as-2-limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement
of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief
or other equitable remedies or by general principles of equity.

 

(c)       Capitalization.
The authorized capital stock of the Company as of the date of this Agreement consists of 100,000,000
shares of Class A Common Stock, par value $0.01 per share,
of which 5,774,788 shares are issued and outstanding as of September 8, 2021, 100,000,000 shares of Class B Common Stock, par value
$.01 per share, of which no shares are issued and outstanding as of September 8, 2021 and 100,000,000
shares of preferred stock, par value $0.01 per share, of which 491,665 shares are issued and outstanding as of September 8, 2021. Except
as set out in Section 2.1(c) of the Disclosure Schedules, there are no outstanding or authorized options, warrants, convertible
securities, stock appreciation, phantom stock, profit participation, or other rights, agreements, or commitments relating to the shares
of the Company or obligating the Company to issue or sell any shares of, or any other interest in, the Company, and there are no voting
trusts, shareholder agreements, proxies, or other agreements in effect with respect to the voting or transfer of any of the Class A Common
Stock. The Company has furnished or made available to Purchaser true and correct copies of
the Company’s Certificate of Incorporation as in effect on the date hereof (the “Certificate”) and the Company’s
Bylaws as in effect on the date hereof (the “Bylaws”).

 

    	2

    	 

    

 

(d)       Issuance
of the Class A Common Stock. The Shares to be issued to Purchaser pursuant to this Agreement,
when issued and delivered in accordance with the terms of this Agreement, will be duly and validly issued and will be fully paid and nonassessable
and free from all taxes or liens with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights
of stockholders of the Company. Subject to the accuracy of the representations and warranties of the Investors to this Agreement, the
offer and issuance by the Company of the Shares is exempt from registration under the Securities Act.

 

(e)       Shareholders
List. The Shareholders List of the Company provided pursuant to this Agreement (i) is a true and correct copy of the list of shareholders
of the Company and is true, correct and accurate as of the date hereof, and (ii) identifies all holders of common stock of the Company.

 

(f)       No
Conflicts. The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company
of the transactions contemplated hereby and thereby do not and will not (i) violate any provision of the Certificate or Bylaws, (ii) conflict
with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation of, any agreement, mortgage, deed of trust,
indenture, note, bond, license, lease agreement, instrument or obligation to which the Company is a party or by which the Company’s
properties or assets are bound, (iii) create or impose a lien, mortgage, security interest, charge or encumbrance of any nature on any
property or asset of the Company under any agreement or any commitment to which the Company is a party or by which the-3-Company is bound
or by which any of its properties or assets are bound, or (iv) result in a violation of any federal, state, local or foreign statute,
rule, regulation, order, judgment or decree (including federal and state securities laws and regulations) applicable to the Company or
by which any property or asset of the Company is bound or affected, except, in all cases other than violations pursuant to clause (i)
above, for such conflicts, defaults, terminations, amendments, acceleration, cancellations and violations as would not, individually or
in the aggregate, have a Material Adverse Effect.

 

(g)       Financial
Statements. Complete copies of the Company's audited financial statements consisting of the balance sheet of the Company as at December
31, in each of the years 2019 and 2020, and the related statements of income and retained earnings, shareholders' equity, and cash flow
for the years then ended (the "Financial Statements") have been delivered or made available to Purchaser. The Financial
Statements have been prepared in accordance with generally accepted accounting principles in effect in the United States from time to
time ("GAAP"), applied on a consistent basis throughout the period involved. The Financial Statements are based on the
books and records of the Company and fairly present in all material respects the financial condition of the Company as of the respective
dates they were prepared and the results of the operations of the Company for the periods indicated. The balance sheet of the Company
as of December 31, 2020 is referred to herein as the "Balance Sheet" and the date thereof as the "Balance Sheet
Date". The Company maintains a standard system of accounting established and administered in accordance with GAAP.

 

(h)       
No Undisclosed Liabilities. The Company has no liabilities, obligations, or commitments of any nature whatsoever, whether asserted,
known, absolute, accrued, matured, or otherwise (collectively, "Liabilities"), except: (a) those which are adequately
reflected or reserved against in the Balance Sheet as of the Balance Sheet Date; and (b) those which have been incurred in the ordinary
course of business consistent with past practice since the Balance Sheet Date and which are not, individually or in the aggregate, material
in amount.

 

(i)       
Absence of Certain Changes, Events, and Conditions. Since the Balance Sheet Date, and other than in the ordinary course
of business consistent with past practice, there has not been, with respect to the Company, any change, event, condition, or development
that is, or could reasonably be expected to be, individually or in the aggregate, materially adverse to the business, results of operations,
condition (financial or otherwise), or assets of the Company.

 

(j)       Governmental
Approvals. Except for the filing of any notice prior or subsequent to the Closing that may be required under applicable state and/or
federal securities laws (which if required, shall be filed on a timely basis), no authorization, consent, approval, license, exemption
of, filing or registration with any court or governmental department, commission, board, bureau, agency or instrumentality located in
the United States is or will be necessary for, or in connection with, the issuance or delivery of the Shares or for the performance by
the Company of its obligations under the Transaction Documents.

 

    	3

    	 

    

 

(k)       No
Investment Company. Neither the Company nor any of its subsidiaries is or will be after giving effect to the transactions contemplated
by the Transaction Documents an “investment company” or a company “controlled” by an “investment company”
within the meaning of the Investment Company Act of 1940, as amended.

 

Section 2.2
Representations and Warranties of Purchaser. Purchaser hereby makes the following representations and warranties to the Company:

 

(a)       Organization
and Standing of Purchaser. Purchaser is a corporation, limited liability company or partnership duly incorporated or organized, validly
existing and in good standing under the laws of the jurisdiction of its incorporation or organization.

 

(b)       Authorization
and Power. Purchaser has all requisite power and authority to execute and deliver the Transaction Documents, to purchase the Shares
and to carry out and perform its obligations under the terms of the Transaction Documents. All action on the part of Purchaser necessary
for the authorization, execution, delivery and performance of the Transaction Documents, and the performance of all Purchaser’s
obligations under the Transaction Documents, has been taken or will be taken prior to the Closing. The Transaction Documents constitute,
or shall constitute when executed and delivered, valid and legally binding obligations of Purchaser enforceable against Purchaser in accordance
with their terms, except: (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies or by general principles of equity. No consent, approval, authorization, order, filing,
registration or qualification of or with any court, governmental authority or third person is required to be obtained by Purchaser in
connection with the execution and delivery of the Transaction Documents by Purchaser or the performance of Purchaser’s obligations
hereunder or thereunder.

 

(c)       Acquisition
for Investment. Purchaser is purchasing the Shares solely for its own account, not as a nominee or agent, and for the purpose of investment
and not with a view to or for resale in connection with the distribution thereof. Purchaser does not have a present intention to sell
any of the Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of the Shares
to or through any person or entity. Purchaser acknowledges that it (i) has such knowledge and experience in financial and business matters
such that Purchaser is capable of evaluating the merits and risks of its investment in the Company and (ii) is able to bear the financial
risks associated with an investment in the Company.

 

(d)       Rule
144. Purchaser understands that the Class A Common Stock must be held indefinitely unless
such Class A Common Stock is registered under the Securities Act or an exemption from registration
is available. Purchaser acknowledges that it is familiar with the provisions of Rule 144 promulgated pursuant to the Securities Act (“Rule
144”), which permit resale of shares purchased in a private placement subject to the satisfaction of certain conditions, which
may include, among other things, the availability of certain current public information about the Company; the resale occurring not less
than a specified period after a party has purchased and paid for the security to be sold; the number of shares being sold during any three-month
period not exceeding specified limitations; the sale being effected through a “brokers’ transaction,” a transaction
directly with a “market maker” or a “riskless principal transaction” (as those terms are defined in the Securities
Act or the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder); and the filing of a Form
144 notice, if applicable, and that such Purchaser has been advised that Rule 144 permits resales only under certain circumstances. Such
Purchaser understands that to the extent that Rule 144 is not available, Purchaser will be unable to sell any Class A Common Stock without
either registration under the Securities Act or the existence of another exemption from such registration requirement. Purchaser understands
that, although Rule 144 is not exclusive, the SEC has expressed its opinion that persons proposing to sell restricted securities received
in a private offering, other than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from
registration is available for such offers or sales, and that such persons and the brokers who participate in the transactions do so at
their own risk.

 

(e)       General.
Purchaser understands that the Class A Common Stock is being offered and sold in reliance
on a transactional exemption from the registration requirements of federal and state securities laws, and the Company is relying upon
the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of Purchaser set forth herein
in order to determine the applicability of such exemptions and the suitability of Purchaser to acquire the Class
A Common Stock. Purchaser understands that no United States federal or state agency or any government or governmental agency has
passed upon or made any recommendation or endorsement of the Class A Common Stock.

 

    	4

    	 

    

 

(f)       Opportunities
for Additional Information. Purchaser acknowledges that Purchaser has had the opportunity to ask questions of and receive answers
from, or obtain additional information from, the executive officers of the Company concerning the Transaction Documents, the exhibits
and schedules attached hereto and thereto and the transactions contemplated by the Transaction Documents, as well as the business, management,
financial and other affairs of the Company, and to the extent deemed necessary in light of Purchaser’s personal knowledge of the
Company’s affairs, Purchaser has asked such questions and received answers to the full satisfaction of Purchaser. Purchaser believes
that it has received all the information Purchaser considers necessary or appropriate for deciding whether to purchase the Class
A Common Stock. Purchaser also acknowledges that it is relying solely on its own advisors and the representations, warranties,
covenants, agreements and statements contained in this Agreement and in the other Transaction Documents.

 

(g)       No
General Solicitation. Purchaser acknowledges that the Class A Common Stock were not offered
to Purchaser by means of any form of general or public solicitation or general advertising, or publicly disseminated advertisements or
sales literature, including (i) any advertisement, article, notice or other communication published in any newspaper, magazine, or similar
media, or broadcast over television or radio, or (ii) any seminar or meeting to which such Purchaser was invited by any of the foregoing
means of communications.

 

(h)       Accredited
Investor. Such Purchaser is an accredited investor (as defined in Rule 501 of Regulation D), and Purchaser has such experience in
business and financial matters that it is capable of evaluating the merits and risks of an investment in the Class
A Common Stock. Purchaser acknowledges that an investment in the Securities is speculative and involves a high degree of risk.

 

ARTICLE
III

 

Conditions

 

Section 3.1
Conditions Precedent to the Obligation of the Company to Close and to Sell the Class A
Common Stock. The obligation hereunder of the Company to close and issue and sell the Shares to the Purchaser on the Closing
is subject to the satisfaction or waiver, at or before the Closing, of each of the conditions set forth below. These conditions are for
the Company’s sole benefit and may be waived by the Company at any time in its sole discretion.

 

(a)       Accuracy
of the Purchaser’s Representations and Warranties. The representations and warranties of Purchaser in this Agreement shall be
true and correct in all material respects as of the date when made and as of the Closing as though made at that time, except for representations
and warranties that are expressly made as of a particular date, which shall be true and correct in all material respects as of such date.

 

(b)       No
Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement.

 

(c)       No
Proceedings or Litigation. No action, suit or proceeding before any arbitrator or any governmental authority shall have been commenced,
and no investigation by any governmental authority shall have been threatened, against the Company or any of the officers, directors or
affiliates of the Company, seeking to restrain, prevent or change the transactions contemplated by this Agreement, or seeking damages
in connection with such transactions.

 

(d)       Delivery
of Purchase Price. The Purchase Price for the Shares shall have been delivered to the Company by each Purchaser at the Closing.

 

(e)       Delivery
of Transaction Documents. The Transaction Documents to which the Purchaser is party shall have been duly executed and delivered by
Purchaser to the Company.

 

    	5

    	 

    

 

 

Section 3.2
Conditions Precedent to the Obligation of Purchaser to Close and to Purchase the Shares. The obligation hereunder of
Purchaser to purchase the Shares and consummate the transactions contemplated by this Agreement is subject to the satisfaction or waiver,
at or before the Closing, of each of the conditions set forth below. These conditions are for Purchaser’s sole benefit and may be
waived by Purchaser at any time in its sole discretion.

 

(a)       Accuracy
of the Company’s Representations and Warranties. Each of the representations and warranties of the Company in this Agreement
shall be true and correct in all material respects as of the Closing, except for representations and warranties that speak as of a particular
date, which shall be true and correct in all material respects as of such date.

 

(b)       No
Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement.

 

(c)       No
Proceedings or Litigation. No action, suit or proceeding before any arbitrator or any governmental authority shall have been commenced,
and no investigation by any governmental authority shall have been threatened, against the Company or any of the officers, directors or
affiliates of the Company, seeking to restrain, prevent or change the transactions contemplated by this Agreement, or seeking damages
in connection with such transactions.

 

(d)       Class
A Common Stock. The Company shall have made arrangements for delivery of the certificates, or
in book entry form in lieu of certificates, representing the Shares (in such denominations as each Purchaser may request) being
acquired by Purchaser at the Closing.

 

(e)       Shareholders
List. The Company will deliver to Purchaser at Closing, a shareholders list of the Company, dated September 8, 2021 (the “Shareholders
List”).

 

(f)       Officer’s
Certificate. On the Closing Date, the Company shall have delivered to Purchaser a certificate of an executive officer of the Company,
dated as of the Closing Date, confirming the accuracy of the Company’s representations, warranties and covenants as of the Closing
Date and confirming the compliance by the Company with the conditions precedent set forth in Section 3.2(a) and Section 3.2
(b) as of the Closing Date.

 

(g)       Valuation.
The Purchaser shall have received a written report form an independent financial advisory firm (as the Purchaser shall determine) (the
“Valuation Report”) setting forth the their determination of the fair market value of the Shares (which determination
shall be conclusive for all purpose under this Agreement or other Transactional Documents), a copy of which shall be provided to the Company,
and such Valuation Report has not been amended or rescinded as of the Closing.

 

ARTICLE IV

 

Certificate
Legend

 

Section 4.1
Legend. Each certificate representing the Shares shall be stamped or otherwise imprinted with a legend substantially
in the following form (in addition to any legend required by applicable state securities or “blue sky” laws):

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY
NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SUCH ACT AND/OR APPLICABLE STATE SECURITIES
LAWS, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY AND ITS COUNSEL,
THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

    	6

    	 

    

 

The legend set
forth above shall be removed and the Company shall issue a certificate without such legend to the holder of the Shares upon which it is
stamped if, unless otherwise required by state securities laws, (i) while such Shares are registered for resale under the Securities Act,
(ii) in connection with a sale, assignment or other transfer, such holder provides the Company with an opinion of counsel reasonably satisfactory
to the Company, in a generally acceptable form, to the effect that such sale, assignment or transfer of the Shares may be made without
registration under the applicable requirements of the Securities Act and that such legend is no longer required, or (iii) such holder
provides the Company with reasonable assurance that the Shares can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A,
and such holder delivers the legended Shares to the Company or the Company’s transfer agent.

 

ARTICLE V

 

Termination

 

Section
5.1 Termination by Mutual Consent. This Agreement may be terminated at any time prior to the Closing Date
by the mutual written consent of the Company and Purchaser.

 

Section 5.2
Effect of Termination. In the event of termination by the Company or Purchaser, written notice thereof shall forthwith be given
to the other party and the transactions contemplated by this Agreement shall be terminated without further action by any party. If this
Agreement is terminated as provided in Section 5.1 herein, this Agreement shall become void and of no further force and effect,
except for Sections 6.1 and 6.2. Nothing in this Section 5.2 shall be deemed to release the Company or Purchaser
from any liability for any breach under this Agreement or to impair the rights of the Company or Purchaser to compel specific performance
by the other party of its obligations under this Agreement.

 

ARTICLE VI

 

Miscellaneous

 

Section 6.1
Fees and Expenses. Each party shall pay the fees and expenses of its advisors, counsel, accountants and other experts, if any,
and all other expenses, incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement;
provided, however, that the Company shall pay the brokers’, finders’ and placement agents’ fees for the
brokers, finders and placement agents that have been retained by the Company, if any.

 

Section 6.2
Specific Enforcement; Consent to Jurisdiction. The Company and Purchaser acknowledge and agree that irreparable damage would
occur in the event that any of the provisions of this Agreement or the other Transaction Documents were not performed in accordance with
their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions
to prevent or cure breaches of the provisions of this Agreement or the other Transaction Documents and to enforce specifically the terms
and provisions hereof or thereof, this being in addition to any other remedy to which any of them may be entitled by law or equity.

 

(a)       The
Company and the Purchasers acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Agreement
or the other Transaction Documents were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
agreed that the parties shall be entitled to an injunction or injunctions to prevent or cure breaches of the provisions of this Agreement
or the other Transaction Documents and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any
other remedy to which any of them may be entitled by law or equity.

 

(b)       All
questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and
construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of
law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective affiliates,
directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts
sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting
in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably
waives, and agrees not to assert in any action or proceeding, any claim that it is not personally subject to the jurisdiction of any such
court, that such Action or Proceeding is improper or is an inconvenient venue for such proceeding.

 

    	7

    	 

    

 

Section 6.3
Entire Agreement; Amendment. This Agreement and the Transaction Documents contain the entire understanding and agreement
of the parties with respect to the matters covered hereby and, except as specifically set forth herein or in the other Transaction Documents,
neither the Company nor Purchaser make any representation, warranty, covenant or undertaking with respect to such matters, and they supersede
all prior understandings and agreements with respect to said subject matter, all of which are merged herein. No provision of this Agreement
may be waived or amended other than by a written instrument signed by the Company and the holders of at least a majority in interest of
the then-outstanding Class A Common Stock, and no provision hereof may be waived other than by a written instrument signed by the party
against whom enforcement of any such amendment or waiver is sought. No such amendment shall be effective to the extent that it applies
to less than all of the holders of the Class A Common Stock then outstanding. No consideration
shall be offered or paid to any person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents
unless the same consideration is also offered to all of the parties to the Transaction Documents or holders of Shares, as the case may
be.

 

Section 6.4
Notices. Unless otherwise specifically permitted by this Agreement, all notices under this Agreement shall be in writing and
shall be delivered by personal service, , email, or prepaid registered or certified mail, return receipt requested, to the address shown
below or at such other address for which such party gives notice hereunder.

 

	If to the Company:	American Pacific Bancorp, Inc.
	 	Hamden Square Suite 210
	 	4800 Montgomery Lane, Suite 210
	 	Bethesda, Maryland 20814
	 	Attention: Ronald Wei, Chief Financial Officer
	 	 
	 	Email: ronald@alsetinternational.com
	 	 
	 	With copies (which shall not constitute notice) to:
	 	 
	 	Sichenzia Ross Ference LLP
	 	1185 Avenue of the Americas, 31st Floor
	 	New York, New York 10036
	 	Attention: Darrin M. Ocasio, Esq. Partner
	 	Email: DMOcasio@SRF.LAW
	 	 
	If to Purchaser:	Document Security Systems, Inc.
	 	6 Framark Drive
	 	New York, New York 14564
	 	Attention: Jason Grady, Chief Operating Officer 
	 	Email: jgrady@dsssecure.com

 

Any notice sent
by facsimile or email shall be deemed to have been given when sent. Any notice sent by certified mail shall be deemed to have been given
three (3) days after the date on which it is mailed. All other notices shall be deemed given when received. No objection may be made to
the manner of delivery of any notice actually received in writing by an authorized agent of a party.

 

Section 6.5
Waivers. No waiver by any party of any default with respect to any provision, condition or requirement of this Agreement shall
be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor shall any delay
or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right accruing to it thereafter.

 

    	8

    	 

    

 

Section 6.6
Headings. The article, section and subsection headings in this Agreement are for convenience only and shall not constitute
a part of this Agreement for any other purpose and shall not be deemed to limit or affect any of the provisions hereof.

 

Section 6.7
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and assigns. After the Closing, the assignment by a party to this Agreement of any rights hereunder shall not affect the obligations of
such party under this Agreement. Except as provided herein, the Purchasers may not assign the Shares and their rights under this Agreement
and the other Transaction Documents and any other rights hereto and thereto without the consent of the Company.

 

Section 6.8
No 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.

 

Section 6.9
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of
Delaware, without giving effect to the choice of law provisions. This Agreement shall not be interpreted or construed with any presumption
against the party causing this Agreement to be drafted.

 

Section 6.10
Survival. Unless this Agreement is terminated under Section 6.1, the representations and warranties of the Company and
the Purchasers contained in Article II shall survive the execution and delivery hereof and the Closing until the date one (1) year from
the Closing Date, and the agreements and covenants set forth in Articles I, IV and VI of this Agreement shall survive the execution and
delivery hereof and the Closing hereunder.

 

Section 6.11
Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy
of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. In the event that any
signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall
create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect
as if such facsimile or “.pdf” signature page were an original thereof.

 

Section 6.12
Securities Laws. THE SALE OF THE SECURITIES THAT ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER
OF CORPORATIONS OF ANY STATE AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR
TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT
ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT.

 

Section 6.13
Severability. The provisions of this Agreement are severable and, in the event that any court of competent jurisdiction shall
determine that any one or more of the provisions or part of the provisions contained in this Agreement shall, for any reason, be held
to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision
or part of a provision of this Agreement and this Agreement shall be reformed and construed as if such invalid or illegal or unenforceable
provision, or part of such provision, had never been contained herein, so that such provisions would be valid, legal and enforceable to
the maximum extent possible.

 

Section 6.14
Further Assurances. From and after the date of this Agreement, upon the request of the Purchaser or the Company, the Company
and Purchaser shall execute and deliver such instruments, documents and other writings as may be reasonably necessary or desirable to
confirm and carry out and to effectuate fully the intent and purposes of this Agreement.

 

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

 

    	9

    	 

    

  

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed by their respective authorized officers as of the date first above written.

 

	 	COMPANY:
	 	 	 
	 	AMERICAN PACIFIC BANCORP INC.
	 	 	 
	 	By:	/s/ Ronald Wei
	 	Name: 	Ronald Wei
	 	Title: 	Chief Financial Officer

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

[SIGNATURE PAGE FOR PURCHASER FOLLOWS]

 

    	10

    	 

    

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed by their respective authorized officers as of the date first above written.

 

	 	PURCHASER:
	 	 
	 	DOCUMENT SECURITY SYSTEMS, INC.
	 	 	 
	 	By:	/s/ Jason Grady
	 	Name:	Jason Grady
	 	Title:	Chief Operating Officer
	 	 	 
	 	Email:	jgrady@dsssecure.com
	 	Address:	6 Framark Drive
	 	New York, NY 14564

 

Number of Shares: 6,666,700

Aggregate Purchase Price: $40,000,200

 

Please provide us with the following information:

 

	1.	The exact name that your Class A Common Stock is to be registered
in. You may use a nominee name if appropriate:

 

_Document Security System_____

 

	2.	The relationship between Purchaser and the registered holder listed in response to item 1 above:

 

________Same ______________

 

	3.	The mailing address of the registered holder listed in response to item 1 above:

 

____6 Framark Drive__________

 

____New York, NY 14564______

 

____________________________

 

	4.	The Social Security Number or Tax Identification Number of the registered holder listed in response
to item 1 above: ____16-1229730________

 

[Signature
Page to Class A Common Stock Purchase Agreement]

 

    	 

    	 

    

 

SCHEDULE
2.1(a)

Subsidiaries

 

HengFeng
Finance Limited

 

    	 

    	 

    

 

SCHEDULE
2.1(c)

 

Outstanding
or authorized options, warrants, convertible securities, stock appreciation, phantom stock, profit participation, or other rights, agreements,
or commitments relating to the shares of the Company or obligating the Company to issue or sell any shares of, or any other interest in,
the Company.

 

Warrants
to Purchase 49,167 shares of the Class A Common Stock of the Company at an exercise price of $6.00 per share, to expire on July 7, 2025,
held by Westpark Capital

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