Document:

EXHIBIT 4(dd) 

SUB-INVESTMENT ADVISORY AGREEMENT

AGREEMENT dated               , 2014, between BlackRock
Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock International Limited, a corporation
organized under the laws of Scotland (the “Sub-Advisor”).

WHEREAS, the Advisor has agreed to furnish
investment advisory services to BlackRock Macro Themes Fund (the “Fund”), a series of BlackRock FundsSM,
a Massachusetts business trust (the “Trust”), which is an open-end management investment company registered under the
Investment Company Act of 1940, as amended (the “1940 Act”);

WHEREAS, the Advisor wishes to retain
the Sub-Advisor to provide it with certain sub-advisory services as described below in connection with Advisor’s advisory
activities on behalf of the Fund;

WHEREAS, the amended advisory agreement
between the Advisor and the Trust, dated September 29, 2006 (such agreement or the most recent successor agreement between such
parties relating to advisory services to the Trust is referred to herein as the “Advisory Agreement”) contemplates
that the Advisor may sub-contract investment advisory services with respect to the Fund to a sub-advisor; and

WHEREAS, this Agreement has been approved
in accordance with the provisions of the 1940 Act, and the Sub-Advisor is willing to furnish such services upon the terms and conditions
herein set forth;

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

1.                 
Appointment. The Advisor hereby appoints the Sub-Advisor to act as sub-advisor with respect to the Fund and
the Sub-Advisor accepts such appointment and agrees to render the services herein set forth for the compensation herein provided.
For the purposes of the rules of the Financial Conduct Authority of the United Kingdom and based on information obtained in respect
of the Advisor, the Advisor will be treated by the Sub-Advisor as a professional client.

2.                 
Services of the Sub-Advisor. Subject to the succeeding provisions of this section, the oversight and supervision
of the Advisor and the Trust’s Board of Trustees, the Sub-Advisor will perform certain of the day-to-day operations of the
Fund, which may include one or more of the following services, at the request of the Advisor: (a) acting as investment advisor
for and managing the investment and reinvestment of those assets of the Fund as the Advisor may from time to time request and in
connection therewith have complete discretion in purchasing and selling such securities and other assets for the Fund and in voting,
exercising consents and exercising all other rights appertaining to such securities and other assets on behalf of the Fund; (b)
arranging, subject to the provisions of Section 3 hereof, for the purchase and sale of securities and other assets of the Fund;
(c) providing investment research and credit analysis concerning the Fund’s investments, (d) assisting the Advisor in determining
what portion of the Fund’s

    	 

    	 

    

assets will be invested in cash, cash equivalents and money
market instruments, (e) placing orders for all purchases and sales of such investments made for the Fund, and (f) maintaining the
books and records as are required to support Fund investment operations. At the request of the Advisor, the Sub-Advisor will also,
subject to the oversight and supervision of the Advisor and the Trust’s Board of Trustees, provide to the Advisor or the
Trust any of the facilities and equipment and perform any of the services described in Section 4 of the Advisory Agreement. In
addition, the Sub-Advisor will keep the Trust and the Advisor informed of developments materially affecting the Fund and shall,
on its own initiative, furnish to the Fund from time to time whatever information the Sub-Advisor believes appropriate for this
purpose. The Sub-Advisor will periodically communicate to the Advisor, at such times as the Advisor may direct, information concerning
the purchase and sale of securities for the Fund, including: (a) the name of the issuer, (b) the amount of the purchase or sale,
(c) the name of the broker or dealer, if any, through which the purchase or sale will be effected, (d) the CUSIP number of the
instrument, if any, and (e) such other information as the Advisor may reasonably require for purposes of fulfilling its obligations
to the Trust under the Advisory Agreement. The Sub-Advisor will provide the services rendered by it under this Agreement in accordance
with the Fund’s investment objectives, policies and restrictions as stated in the Fund’s Prospectus and Statement of
Additional Information (as currently in effect and as they may be amended or supplemented from time to time) and the resolutions
of the Trust’s Board of Trustees.

The Sub-Advisor represents, warrants and covenants that it
is authorized and regulated by the Financial Conduct Authority.

3.                 
Covenants.

(a)               
In the performance of its duties under this Agreement, the Sub-Advisor shall at all times conform to, and act in
accordance with, any requirements imposed by: (i) the provisions of the 1940 Act and the Investment Advisers Act of 1940, as amended
(the “Advisers Act”) and all applicable Rules and Regulations of the Securities and Exchange Commission (the “SEC”);
(ii) any other applicable provision of law; (iii) the provisions of the Declaration of Trust and Amended and Restated Code of Regulations
of the Trust, as such documents are amended from time to time; (iv) the investment objectives and policies of the Fund as set forth
in the Fund’s Registration Statement on Form N-1A and/or the resolutions of the Board of Trustees; and (v) any policies
and determinations of the Board of Trustees of the Trust.

(b)              
In addition, the Sub-Advisor will:

(i)                
place orders either directly with the issuer or with any broker or dealer. Subject to the other provisions of this
paragraph, in placing orders with brokers and dealers, the Sub-Advisor will attempt to obtain the best price and the most favorable
execution of its orders. The Advisor has been provided with a copy of the Sub-Advisor’s order execution policy and hereby
confirms that it has read and understood the information in the order execution policy and agrees to it. In particular, the Advisor
agrees that the Sub-Advisor may trade outside of the regulated market or multilateral trading facility. In placing orders, the
Sub-Advisor will consider the experience and skill of the firm’s securities traders as well as the firm’s financial
responsibility and administrative efficiency. Consistent with this obligation, the Sub-Advisor may select

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brokers on the basis of the research, statistical and
pricing services they provide to the Fund and other clients of the Advisor or the Sub-Advisor. Information and research received
from such brokers will be in addition to, and not in lieu of, the services required to be performed by the Sub-Advisor hereunder.
A commission paid to such brokers may be higher than that which another qualified broker would have charged for effecting the same
transaction, provided that the Sub-Advisor determines in good faith that such commission is reasonable in terms either of the transaction
or the overall responsibility of the Advisor and the Sub-Advisor to the Fund and their other clients and that the total commissions
paid by the Fund will be reasonable in relation to the benefits to the Fund over the long-term. Subject to the foregoing and the
provisions of the 1940 Act, the Securities Exchange Act of 1934, as amended, and other applicable provisions of law, the Sub-Advisor
may select brokers and dealers with which it or the Fund is affiliated;

(ii)              
maintain books and records with respect to the Fund’s securities transactions and will render to the Advisor
and the Trust’s Board of Trustees such periodic and special reports as they may request;

(iii)            
maintain a policy and practice of conducting its investment advisory services hereunder independently of the commercial
banking operations of its affiliates. When the Sub-Advisor makes investment recommendations for the Fund, its investment advisory
personnel will not inquire or take into consideration whether the issuer of securities proposed for purchase or sale for the Fund’s
account are customers of the commercial department of its affiliates; and

(iv)            
treat confidentially and as proprietary information of the Fund all records and other information relative to the
Fund, and the Fund’s prior, current or potential shareholders, and will not use such records and information for any purpose
other than performance of its responsibilities and duties hereunder, except after prior notification to and approval in writing
by the Fund, which approval shall not be unreasonably withheld and may not be withheld where the Sub-Advisor may be exposed to
civil or criminal contempt proceedings for failure to comply, when requested to divulge such information by duly constituted authorities,
or when so requested by the Fund.

(c)               
In addition, the Advisor:

(i)                
agrees that the Sub-Advisor may aggregate transactions for the Fund with transactions for other clients and/ or its
own account. In relation to a particular order, aggregation may operate on some occasions to the advantage of the Advisor and on
other occasions to the Advisor’s disadvantage. However, it must be unlikely that the aggregation of orders and transactions
will work overall to the disadvantage of the Advisor before transactions will be aggregated; and

(ii)              
instructs the Sub-Advisor not to make or book client limit orders (being a specific instruction from the Advisor
to buy or sell a financial instrument at a specified price limit or better and for a specified size) in respect of securities admitted
to

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trading on a regulated market which are not immediately
executed under prevailing market conditions.

4.                 
Services Not Exclusive. Nothing in this Agreement shall prevent the Sub-Advisor or any officer, employee or
other affiliate thereof from acting as investment advisor for any other person, firm or corporation, or from engaging in any other
lawful activity, and shall not in any way limit or restrict the Sub-Advisor or any of its officers, employees or agents from buying,
selling or trading any securities for its or their own accounts or for the accounts of others for whom it or they may be acting;
provided, however, that the Sub-Advisor will undertake no activities which, in its judgment, will adversely affect the performance
of its obligations under this Agreement.

5.                 
Books and Records. In compliance with the requirements of Rule 31a-3 under the 1940 Act, the Sub-Advisor hereby
agrees that all records which it maintains for the Fund are the property of the Trust and further agrees to surrender promptly
to the Trust any such records upon the Trust’s request. The Sub-Advisor further agrees to preserve for the periods prescribed
by Rule 31a-2 under the 1940 Act the records required to be maintained by Rule 31a-1 under the 1940 Act (to the extent such books
and records are not maintained by the Advisor).

6.                 
Expenses. During the term of this Agreement, the Sub-Advisor will bear all costs and expenses of its employees
and any overhead incurred by the Sub-Advisor in connection with its duties hereunder; provided that the Board of Trustees of the
Trust may approve reimbursement to the Sub-Advisor of the pro-rata portion of the salaries, bonuses, health insurance, retirement
benefits and all similar employment costs for the time spent on Fund operations (including, without limitation, compliance matters)
(other than the provision of investment advice and administrative services required to be provided hereunder) of all personnel
employed by the Sub-Advisor who devote substantial time to Fund operations or the operations of other investment companies advised
or sub-advised by the Sub-Advisor.

7.                 
Compensation.

(a)               
The Advisor agrees to pay to the Sub-Advisor and the Sub-Advisor agrees to accept as full compensation for all services
rendered by the Sub-Advisor as such, a monthly fee in arrears at an annual rate equal to the amount set forth in Schedule A hereto.
For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion
which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be.

(b)              
For purposes of this Agreement, the net assets of the Fund shall be calculated pursuant to the procedures adopted
by resolutions of the Trustees of the Trust for calculating the value of the Fund’s assets or delegating such calculations
to third parties.

(c)               
If Advisor waives any or all of its advisory fee payable under the Advisory Agreement, or reimburses the Trust pursuant
to Section 8(b) of that Agreement, with respect to the Fund, Sub-Advisor will bear its share of the amount of such waiver or reimbursement
by waiving fees otherwise payable to it hereunder on a proportionate basis to be determined by comparing the aggregate fees that
would otherwise be paid to it hereunder with respect to the

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Fund to the aggregate fees that would otherwise be paid by
the Trust to Advisor under the Advisory Agreement with respect to the Fund. Advisor shall inform Sub-Advisor prior to waiving any
advisory fees.

8.                 
Indemnity.

(a)The Fund may, in the discretion
of the Board of Trustees of the Trust, indemnify the Sub-Advisor, and each of the Sub-Advisor’s directors, officers, employees,
agents, associates and controlling persons and the directors, partners, members, officers, employees and agents thereof (including
any individual who serves at the Sub-Advisor’s request as director, officer, partner, member, trustee or the like of another
entity) (each such person being an “Indemnitee”) against any liabilities and expenses, including amounts paid in satisfaction
of judgments, in compromise or as fines and penalties, and counsel fees (all as provided in accordance with applicable state law)
reasonably incurred by such Indemnitee in connection with the defense or disposition of any action, suit or other proceeding, whether
civil or criminal, before any court or administrative or investigative body in which such Indemnitee may be or may have been involved
as a party or otherwise or with which such Indemnitee may be or may have been threatened, while acting in any capacity set forth
herein or thereafter by reason of such Indemnitee having acted in any such capacity, except with respect to any matter as to which
such Indemnitee shall have been adjudicated not to have acted in good faith in the reasonable belief that such Indemnitee’s
action was in the best interest of the Fund and furthermore, in the case of any criminal proceeding, so long as such Indemnitee
had no reasonable cause to believe that the conduct was unlawful; provided, however, that (1) no Indemnitee shall be indemnified
hereunder against any liability to the Fund or its shareholders or any expense of such Indemnitee arising by reason of (i) willful
misfeasance, (ii) bad faith, (iii) gross negligence or (iv) reckless disregard of the duties involved in the conduct of such Indemnitee’s
position (the conduct referred to in such clauses (i) through (iv) being sometimes referred to herein as “disabling conduct”),
(2) as to any matter disposed of by settlement or a compromise payment by such Indemnitee, pursuant to a consent decree or otherwise,
no indemnification either for said payment or for any other expenses shall be provided unless there has been a determination that
such settlement or compromise is in the best interests of the Fund and that such Indemnitee appears to have acted in good faith
in the reasonable belief that such Indemnitee’s action was in the best interest of the Fund and did not involve disabling-conduct
by such Indemnitee and (3) with respect to any action, suit or other proceeding voluntarily prosecuted by any Indemnitee as plaintiff,
indemnification shall be mandatory only if the prosecution of such action, suit or other proceeding by such Indemnitee was authorized
by a majority of the full Board of Trustees of the Trust.

(b)The Fund shall make advance payments
in connection with the expenses of defending any action with respect to which indemnification might be sought hereunder if the
Fund receives a written affirmation of the Indemnitee’s good faith belief that the standard of conduct necessary for indemnification
has been met and a written undertaking to reimburse the Fund unless it is subsequently determined that such Indemnitee is entitled
to such indemnification and if the Trustees of the Trust determine that the facts then known to them would not preclude indemnification.
In addition, at least one of the following conditions must be met: (A) the Indemnitee shall provide a security for such Indemnitee’s
undertaking, (B) the Fund shall be insured against losses arising by reason of any unlawful advance, or (C) a majority

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of a quorum consisting of Trustees of the Trust who are neither
“interested persons” of the Trust (as defined in Section 2(a)(19) of the 1940 Act) nor parties to the proceeding (“Disinterested
Non-Party Trustees”) or an independent legal counsel in a written opinion, shall determine, based on a review of readily
available facts (as opposed to a full trial-type inquiry), that there is reason to believe that the Indemnitee ultimately will
be found entitled to indemnification.

(c)All determinations with respect
to the standards for indemnification hereunder shall be made (1) by a final decision on the merits by a court or other body before
whom the proceeding was brought that such Indemnitee is not liable by reason of disabling conduct, or (2) in the absence of such
a decision, by (i) a majority vote of a quorum of the Disinterested Non-Party Trustees of the Trust, or (ii) if such a quorum is
not obtainable or even, if obtainable, if a majority vote of such quorum so directs, independent legal counsel in a written opinion.
All determinations that advance payments in connection with the expense of defending any proceeding shall be authorized shall be
made in accordance with the immediately preceding clause (2) above.

The rights accruing to any Indemnitee under these provisions
shall not exclude any other right to which such Indemnitee may be lawfully entitled.

9.                 
Limitation on Liability.

(a)               
The Sub-Advisor will not be liable for any error of judgment or mistake of law or for any loss suffered by the Advisor
or by the Trust or the Fund in connection with the performance of this Agreement, except a loss resulting from a breach of fiduciary
duty with respect to the receipt of compensation for services or a loss resulting from willful misfeasance, bad faith or gross
negligence on its part in the performance of its duties or from reckless disregard by it of its duties under this Agreement. As
used in this Section 9(a), the term “Sub-Advisor” shall include any affiliates of the Sub-Advisor performing services
for the Fund contemplated hereby and partners, directors, officers and employees of the Sub-Advisor and such affiliates.

(b)              
Notwithstanding anything to the contrary contained in this Agreement, the parties hereto acknowledge and agree that,
as provided in Article Seven of the Declaration of Trust, this Agreement is executed by the Trustees and/or officers of the Trust,
not individually but as such Trustees and/or officers of the Trust, and the obligations hereunder are not binding upon any of the
Trustees or Shareholders individually but bind only the estate of the Trust.

10.             
Duration and Termination. This Agreement shall become effective as of the date hereof and, unless sooner terminated
with respect to the Fund as provided herein, shall continue in effect for a period of two years. Thereafter, if not terminated,
this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance
is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or a vote
of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote and (b) by the vote
of a majority of the Trustees, who are not parties to this Agreement or interested persons (as such term is defined in the 1940
Act) of any such party, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing,
this Agreement may be terminated by the Trust or the Advisor at

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any time, without the payment of any penalty, upon giving
the Sub-Advisor 60 days’ notice (which notice may be waived by the Sub-Advisor), provided that such termination by the Trust
or the Advisor shall be directed or approved by the vote of a majority of the Trustees of the Trust in office at the time or by
the vote of the holders of a majority of the outstanding voting securities of the Fund entitled to vote, or by the Sub-Advisor
on 60 days’ written notice (which notice may be waived by the Trust and the Advisor), and will terminate automatically upon
any termination of the Advisory Agreement between the Trust and the Advisor. This Agreement will also immediately terminate in
the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,”
“interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)

11.             
Notices. Any notice under this Agreement shall be in writing to the other party at such address as the other
party may designate from time to time for the receipt of such notice and shall be deemed to be received on the earlier of the date
actually received or on the fourth day after the postmark if such notice is mailed first class postage prepaid.

12.             
Amendment of this Agreement. This Agreement may be amended by the parties only if such amendment is specifically
approved by the vote of the Board of Trustees of the Trust, including a majority of those Trustees who are not parties to this
Agreement or interested persons of any such party cast in person at a meeting called for the purpose of voting on such approval
and, where required by the 1940 Act, by a vote of a majority of the outstanding voting securities of the Fund.

13.             
Miscellaneous. The captions in this Agreement are included for convenience of reference only and in no way
define or delimit any of the provisions hereof or otherwise affect their construction or effect. If any provision of this Agreement
shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected
thereby. This Agreement shall be binding on, and shall inure to the benefit of the parties hereto and their respective successors.

14.             
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State
of Delaware for contracts to be performed entirely therein without reference to choice of law principles thereof and in accordance
with the applicable provisions of the 1940 Act. To the extent that the applicable laws of the State of Delaware, or any of the
provisions, conflict with the applicable provisions of the 1940 Act, the latter shall control.

15.             
Counterparts. This Agreement may be executed in counterparts by the parties hereto, each of which shall constitute
an original counterpart, and all of which, together, shall constitute one Agreement.

 

 

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INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties hereto
have caused this instrument to be executed by their duly authorized officers designated below as of the day and year first above
written.

BLACKROCK ADVISORS, LLC

		By.	_____________________________

Name:

Title:

BLACKROCK INTERNATIONAL LIMITED

		By.	_____________________________

Name:

Title:

BLACKROCK INTERNATIONAL LIMITED

		By.	_____________________________

Name:

Title:

AGREED AND ACCEPTED

as of the date first set forth above

BLACKROCK FUNDSSM, on behalf of BlackRock Macro
Themes Fund

		By.	_____________________________

Name:

Title:

 

    	 

    	 

    

Schedule A

Sub-Investment Advisory Fee

Pursuant to Section 7, for that portion
of the Fund for which the Sub-Advisor acts as sub-advisor, Advisor shall pay a fee to Sub-Advisor equal to      % of the advisory fee
received by the Advisor from the Fund with respect to such portion, net of: (i) expense waivers and reimbursements, (ii) expenses
relating to distribution and sales support activities borne by the Advisor, and (iii) administrative, networking, recordkeeping,
sub-transfer agency and shareholder services expenses borne by the Advisor.

 

    	Schedule A-1Exhibit 10.01

 

SECURITIES
PURCHASE AGREEMENT

 

by and
among

 

WPCS INTERNATIONAL
INCORPORATED,

 

BTX TRADER
LLC, 

 

DIVYA
THAKUR

 

and

 

ILYA SUBKHANKULOV

 

dated
as of November 26, 2014

 

    	 

    	 

    

 

Table
of Contents

 

	 	 	Page
	 	 	 
	ARTICLE I	Purchase and Sale of Common Equity Units; Closing	 
	 	 	 
	Section 1.01.	Purchase and Sale of the Common Equity Units; Payment	1
	 	 	 
	Section 1.02.	Closing Date	1
	 	 	 
	Section 1.03.	Transactions to be Effected at the Closing	2
	 	 	 
	ARTICLE II	Representations and Warranties of Seller	 
	 	 	 
	Section 2.01.	Organization	3
	 	 	 
	Section 2.02.	Capitalization	3
	 	 	 
	Section 2.03.	Authority; Execution and Delivery; Enforceability	3
	 	 	 
	Section 2.04.	Title to Common Equity Units	3
	 	 	 
	Section 2.05.	No Conflicts; Consents	4
	 	 	 
	Section 2.06.	Litigation	4
	 	 	 
	Section 2.07.	Brokers and Finders	4
	 	 	 
	Section 2.08.	BTX Financials	4
	 	 	 
	Section 2.09.	Disclaimer of Other Representations and Warranties	5
	 	 	 
	ARTICLE III	Representations and Warranties of Purchasers	 
	 	 	 
	Section 3.01.	Authority; Execution and Delivery; Enforceability	5
	 	 	 
	Section 3.02.	No Conflicts; Consents	5
	 	 	 
	Section 3.03.	Investment Representation	6
	 	 	 
	Section 3.04.	No Knowledge of Misrepresentation or Omission	6
	 	 	 
	Section 3.05.	Brokers and Finders	6
	 	 	 
	Section 3.06.	Ownership of WPCS Notes	6
	 	 	 
	Section 3.07.	Certain Purchaser Acknowledgments	7
	 	 	 
	ARTICLE IV	Covenants	 
	 	 	 
	Section 4.01.	Access and Investigation	7
	 	 	 
	Section 4.02.	Retention of Books and Records	7
	 	 	 
	Section 4.03.	Expenses; Transfer Taxes	8
	 	 	 
	Section 4.04.	Post-Closing Cooperation	8
	 	 	 
	Section 4.05.	Publicity	8
	 	 	 
	Section 4.06.	Further Assurances	8
	 	 	 
	Section 4.07.	Survival and Right to Indemnification	9

 

    	i

    	 

    

 

Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	ARTICLE V	Conditions to Close	 
	 	 	 
	Section 5.01.	Conditions to Obligations of Purchasers	10
	 	 	 
	Section 5.02.	Conditions to Obligations of Seller	10
	 	 	 
	ARTICLE VI	Releases	 
	 	 	 
	Section 6.01.	Release by Purchasers	11
	 	 	 
	Section 6.02.	Release by Seller	11
	 	 	 
	Section 6.03.	Release by the Company	12
	 	 	 
	ARTICLE VII	Termination	 
	 	 	 
	Section 7.01.	Termination Events	12
	 	 	 
	Section 7.02.	Effect of Termination	13
	 	 	 
	ARTICLE VIII	General Provisions	 
	 	 	 
	Section 8.01.	Statutes	13
	 	 	 
	Section 8.02.	Non-Business Days	13
	 	 	 
	Section 8.03.	Amendments; Waivers	13
	 	 	 
	Section 8.04.	Assignment	13
	 	 	 
	Section 8.05.	No Third-Party Beneficiaries	13
	 	 	 
	Section 8.06.	Notices	14
	 	 	 
	Section 8.07.	Interpretation; Exhibits and Sections; Certain Definitions	14
	 	 	 
	Section 8.08.	Counterparts	19
	 	 	 
	Section 8.09.	Entire Agreement; Survival	19
	 	 	 
	Section 8.10.	Severability	19
	 	 	 
	Section 8.11.	Governing Law	19
	 	 	 
	Section 8.12.	Waiver of Jury Trial	19
	 	 	 
	Section 8.13.	Consent to Jurisdiction	20

 

    	- ii -

    	 

    

 

SECURITIES
PURCHASE AGREEMENT

 

SECURITIES PURCHASE AGREEMENT
(the “Agreement”), dated as of November 26, 2014, by and among WPCS International Incorporated, a Delaware corporation
(“Seller”), BTX Trader LLC, a Delaware limited liability company (the “Company”), Ilya Subkhankulov
(“Subkhankulov”) and Divya Thakur (“Thakur” and together
with Subkhankulov, the “Purchasers” and individually, a “Purchaser”).
Capitalized terms used but not otherwise defined herein shall have the meanings set forth in Section 7.07 hereof unless
the context clearly provides otherwise.

 

WHEREAS, Seller owns
all of the issued and outstanding common equity units of the Company, which as of the date hereof consists of 10,000 common equity
units (the “Common Equity Units”);

 

WHEREAS, the Purchasers
own senior secured convertible notes issued by the Seller in the aggregate principal amount of $439,408 (the “WPCS Notes”),
which were issued pursuant to the securities purchase agreement dated December 4, 2012, by and among the Seller and the investors
listed on the schedule of buyers attached thereto, as amended, modified and supplemented from time to time (the “WPCS
Purchase Agreement”); and

 

WHEREAS, subject to the
terms and conditions set forth herein, Purchasers desire to purchase from Seller all of the Common Equity Units and Seller desires
to sell to Purchasers all of the Common Equity Units.

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby agree as follows:

 

ARTICLE
I

PURCHASE AND SALE OF COMMON EQUITY UNITS; CLOSING

 

Section
1.01.  Purchase and Sale of the Common Equity Units; Payment.

 

(a)          On
the terms and subject to the conditions of this Agreement, at the Closing, Seller shall sell, transfer and deliver to Purchasers,
and Purchasers shall purchase from Seller, the Common Equity Units, free and clear of all Liens other than Permitted Liens, in
the amounts set forth on Schedule A hereto, in exchange for the cancellation and return to the Seller of the WPCS Notes,
along with all rights owned by the Purchasers under the WPCS Notes and all Transaction Documents (as defined in the WPCS Purchase
Agreement) (collectively, the “Purchase Price”).

 

(b)          The
purchase and sale of the Common Equity Units is referred to in this Agreement as the “Acquisition.”

 

Section
1.02.  Closing Date. The closing of the Acquisition and the other transactions contemplated hereby shall take place
at the offices of Sichenzia Ross Friedman Ference LLP, 61 Broadway, 32nd Floor, New York, New York 10006, at 10:00 a.m.
Eastern Standard Time on November 26, 2014 or at such other time as mutually agreed to in writing by the Seller and the Purchasers
(the “Closing Date” and collectively, the “Closing”). The Closing shall be deemed to be effective
as of 12:01 a.m. on the Closing Date.

 

    	 

    	 

    

 

Section
1.03.  Transactions to be Effected at the Closing. At the Closing:

 

(a)          Seller
shall deliver to Purchasers:

 

(i)          certificates
representing the Common Equity Units, free and clear of all Liens other than Permitted Liens, duly endorsed in blank or accompanied
by stock powers duly endorsed in blank in proper form for transfer with all required stock transfer tax stamps affixed thereto;

 

(ii)         all
other agreements, documents, instruments or certificates required to be delivered by Seller at or prior to the Closing pursuant
to Section 5.01 of this Agreement; and

 

(iii)        $25,000
by way of wire transfer, or evidence of repayment of the $25,000 intercompany loan from the Company to the Seller.

 

(b)          Purchasers
shall deliver to Seller:

 

(i)          the
WPCS Notes;

 

(ii)         a
letter of resignation of Thakur from the board of directors of the Seller, in the form attached hereto as Exhibit A;

 

(iii)        a
letter of acknowledgement of the Purchasers that all outstanding options granted by the Seller are terminated and forfeited by
the Purchasers, in the form attached hereto as Exhibit B; and

 

(iv)        all
other agreements, documents, instruments or certificates required to be delivered by Purchasers at or prior to the Closing pursuant
to Section 5.02 of this Agreement.

 

ARTICLE
II

Representations and Warranties OF Seller

 

Except as set forth in
the SEC Documents filed during the period beginning on December 17, 2013 and ending on the date of this Agreement, to the extent
reasonably apparent from the disclosure therein, Seller hereby represents and warrants to Purchaser as of the date hereof as follows:

 

    	- 2 -

    	 

    

 

Section
2.01.  Organization.

 

(a)          Except
as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, each of the Seller
and the Company (i) has been duly organized and is validly existing in good standing (to the extent such concept is applicable)
under the Laws of its jurisdiction of organization, with all requisite corporate power and authority to own its properties and
conduct its business as currently conducted and (ii) is duly qualified as a foreign corporation for the transaction of business,
and is in good standing (to the extent such concept is applicable) under the Laws of each other jurisdiction in which it owns or
leases properties, or conducts any business so as to require such qualification.

 

(b)          Neither
the Seller nor the Company is in breach or violation of any of its certificate of incorporation, bylaws or other Organizational
Documents, except for any breach or violation that would not, individually or in the aggregate, reasonably be expected to have
a Company Material Adverse Effect. Prior to the Closing Date, Seller will deliver or make available to Purchaser true and complete
copies of the Company’s certificate of incorporation, bylaws or other Organizational Documents, each as amended to date.

 

Section
2.02. Capitalization. The Common Equity Units are all of the issued and outstanding equity interests in the Company.
All of the Common Equity Units have been duly authorized and validly issued, are fully paid and nonassessable and free of preemptive
rights, with no personal liability attaching to the ownership thereof, and are owned of record and beneficially by Seller. All
of the Common Equity Units were issued in compliance with applicable Laws. None of the Common Equity Units were issued in violation
of any agreement, arrangement or commitment to which Seller or the Company is a party or is subject to or in violation of any preemptive
or similar rights of any Person. There are no outstanding or authorized options, warrants or other rights of any kind relating
to the sale, issuance or voting of any Common Equity Units or any securities convertible into or evidencing the right to purchase
any Common Equity Units. To Seller’s Knowledge, the Company does not have outstanding or authorized any stock appreciation,
phantom stock, profit participation or similar rights. There are no voting trusts, equityholder agreements, proxies or other agreements
or understandings in effect with respect to the voting or transfer of any of the Common Equity Units. The Company does not own
any shares of capital stock of or equity interests in (including any securities exercisable or exchangeable for or convertible
into capital stock of or other voting or equity interests in) any other Person.

 

Section
2.03.  Authority; Execution and Delivery; Enforceability. Seller has full power and authority to execute this Agreement
and to consummate the Acquisition and the other transactions contemplated hereby. The execution and delivery by Seller of this
Agreement and the consummation by Seller of the Acquisition and the other transactions contemplated hereby have been duly authorized
by all necessary corporate action. Seller has duly executed and delivered this Agreement and, assuming that this Agreement is the
valid and binding agreement of Purchaser, this Agreement constitutes a legal, valid and binding obligation of Seller, enforceable
against Seller in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other Laws affecting creditors’
rights generally, and to general principles of equity.

 

Section
2.04.  Title to Common Equity Units. Seller has good and valid title to the Common Equity Units, free and clear of
all Liens other than Permitted Liens. Upon Seller’s receipt of the Purchase Price, good and valid title to the Common Equity
Units will pass to the Purchaser, free and clear of all Liens, other than those arising from acts of Purchaser and other than Permitted
Liens.

 

    	- 3 -

    	 

    

 

Section
2.05.  No Conflicts; Consents.

 

(a)          The
execution and delivery by Seller of this Agreement do not, and the performance of this Agreement, including the consummation of
the Acquisition and the other transactions contemplated hereby and compliance by Seller with the terms hereof will not, (1) conflict
with, constitute or result in any violation or breach of or default (with or without notice or lapse of time, or both) under, or
give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material benefit under, or
result in the creation of any Lien (other than Permitted Liens) upon any of the properties or assets of the Company under, any
provision of (i) the certificate of incorporation, bylaws or other Organizational Documents of Seller or the Company, (ii) any
written contract to which the Company is a party or by which any of its properties or assets is bound, which is material to the
business of such Company, or (iii) any Law applicable to the Company or its properties or assets, other than in each case any such
items that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse
Effect, or (2) result in the creation or imposition of any Lien other than Permitted Liens on any properties or assets of the Company.

 

(b)          No
notice to, or Consent of, any Person, or registration, declaration or filing with, any Governmental Entity is required to be obtained
or made by Seller or the Company in connection with Seller’s execution, delivery and performance of this Agreement or Seller’s
consummation of the Acquisition or the other transactions contemplated hereby except for such Consents, registrations, declarations
or filings which, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material
Adverse Effect.

 

Section
2.06.  Litigation. There is no pending, or to Seller’s Knowledge, threatened in writing action, claim, suit,
proceeding or investigation against the Company, or to which any property, assets or rights of the Company is subject, nor is the
Company subject to any Order that remains outstanding or unsatisfied, in each case, except as would not, individually or in the
aggregate, reasonably be expected to have a Company Material Adverse Effect.

 

Section
2.07.  Brokers and Finders. Neither the Company nor its Affiliates have retained any agent, broker, investment banker,
financial advisor or other firm or Person that is or will be entitled to any brokers’ or finder’s fee or any other
commission or similar fee in connection with any of the transactions contemplated by this Agreement.

 

Section
2.08.  BTX Financials. Seller has delivered to Purchasers unaudited, estimated consolidated balance sheet of the Company
as of October 31, 2014 and the unaudited, estimated related income statement for the quarter ended October 31, 2014 (the “Financial
Statements”). To the Seller’s Knowledge, the Financial Statements fairly present the financial condition and the
results of operations of the Company as of their respective dates and for the periods then ended in accordance with GAAP consistently
applied. To the Seller’s Knowledge, there are, and as of the Closing Date there will be, no liabilities or obligations of
any nature, whether absolute, accrued, contingent, known, matured, unmatured or otherwise, and whether or not required to be disclosed
or provided for in financial statements in accordance with GAAP, including without limitation, material unreserved negative contractual
obligations, litigation or contingent liabilities other than customary service and product warranty obligations, which are not
material in nature, of the Company except (i) liabilities and obligations reflected in the Financial Statements and (ii) liabilities
and obligations incurred between the date of the Interim Financial Statements and the Closing Date in the ordinary course of the
business of the Company.

 

    	- 4 -

    	 

    

 

Section
2.09.  Disclaimer of Other Representations and Warranties. Except as otherwise expressly set forth in this Article II,
Seller makes no other representations or warranties and expressly disclaims any other representations or warranties of any kind
or nature, express or implied, as to the condition, value or quality of the business of the Company or the assets of the Company,
and Seller specifically disclaims any implied representation or warranty of merchantability, usage, suitability or fitness for
any particular purpose with respect to the assets of the Company, or any part thereof.

 

ARTICLE
III

Representations and Warranties of Purchaser

 

Each Purchaser hereby
severally, but not jointly, represents and warrants to Seller as follows as of the date hereof:

 

Section
3.01.  Authority; Execution and Delivery; Enforceability. Purchaser has full power and authority to execute this Agreement
and to consummate the Acquisition and the other transactions contemplated hereby. The execution and delivery by Purchaser of this
Agreement and the consummation by Purchaser of the Acquisition and the other transactions contemplated hereby have been duly authorized
by all necessary action. Purchaser has duly executed and delivered this Agreement and, assuming that this Agreement is the valid
and binding agreement of Seller, this Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against
Purchaser in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other Laws affecting creditors’
rights generally, and to general principles of equity.

 

Section
3.02.  No Conflicts; Consents.

 

(a)          The
execution and delivery by Purchaser of this Agreement do not, and the consummation of the Acquisition and the other transactions
contemplated hereby and compliance by Purchaser with the terms hereof will not, (i) have a Purchaser Material Adverse Effect or
(ii) conflict with, constitute or result in any violation or breach of or default (with or without notice or lapse of time, or
both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material benefit
under, or result in the creation of any Lien upon any of the properties or assets of Purchaser under, any provision of (A) any
contract to which Purchaser is a party or by which any of its properties or assets is bound, (B) any Law applicable to Purchaser
or its properties or assets, other than, in the case of clauses (A) and (B) above, any such items that, individually or in the
aggregate, have not had and would not reasonably be expected to have a Purchaser Material Adverse Effect.

 

    	- 5 -

    	 

    

  

(b)          No
Consent of, or registration, declaration or filing with, any Governmental Entity is required to be obtained or made by Purchaser
in connection with the execution, delivery and performance of this Agreement or the consummation of the Acquisition or the other
transactions contemplated hereby.

 

Section
3.03.  Investment Representation. Purchaser acknowledges that Seller has made (or caused to be made) available to
Purchaser and its representatives the opportunity to ask questions of the officers and management of the Company as well as access
to the documents, information and records of the Company, and Purchaser confirms that it has made an independent investigation,
analysis and evaluation of the Company and its assets, liabilities, business and financial condition. Purchaser has such knowledge
and experience in financial and business matters that it is capable of evaluating the Company and the merits and risks of an investment
in the Common Equity Units. Purchaser is acquiring the Common Equity Units for its own account and for investment and not with
a view toward or for sale in connection with any distribution (as such term in used in Section 2(a)(11) of the Securities
Act) thereof in violation of the Securities Act. Purchaser is an “accredited investor” (as such term is defined in
Rule 501 of Regulation D promulgated under the Securities Act) and understands that the Common Equity Units have not
been registered under the Securities Act or registered or qualified under any applicable state securities laws. Purchaser understands
and agrees that the Common Equity Units may not be sold, transferred, offered for sale or otherwise disposed of without registration
under the Securities Act, except pursuant to an exemption from such registration available under the Securities Act, and without
compliance with state, local and foreign securities laws, in each case, to the extent applicable.

 

Section
3.04.  No Knowledge of Misrepresentation or Omission. To the Knowledge of the Purchaser, the representations and warranties
of Seller made in this Agreement are true and correct.

 

Section
3.05.  Brokers and Finders. Neither Purchaser nor its Affiliates has retained any agent, broker, investment banker,
financial advisor or other firm or Person that is or will be entitled to any brokers’ or finder’s fee or any other
commission or similar fee in connection with any of the transactions contemplated by this Agreement.

 

Section
3.06.  Ownership of WPCS Notes. Each Purchaser owns and holds, beneficially and of record, the entire right, title,
and interest in and to the WPCS Notes (including, without limitation, accrued and unpaid interest thereon), free and clear of all
rights and Encumbrances (as defined below).  Purchaser has full power and authority to transfer and dispose of the WPCS Notes
(including, without limitation, accrued and unpaid interest thereon), free and clear of any right or Encumbrance other than restrictions
under the Securities Act and applicable state securities laws.  Other than the transactions contemplated by this Agreement,
there is no outstanding vote, plan, pending proposal, or other right of any person to acquire all or any of the WPCS Notes. “Encumbrances”
shall mean any security or other property interest or right, claim, lien, pledge, option, charge, security interest, contingent
or conditional sale, or other title claim or retention agreement, interest or other right or claim of third parties, whether perfected
or not perfected, voluntarily incurred or arising by operation of law, and including any agreement (other than this Agreement)
to grant or submit to any of the foregoing in the future.

 

    	- 6 -

    	 

    

 

Section
3.07. Certain Purchaser Acknowledgments.

 

(a)          Purchaser
acknowledges that neither Seller nor the Company, nor any other Person acting on behalf of Seller or the Company or any of their
Affiliates has made any representation or warranty, express or implied, as to the accuracy or completeness of any information regarding
Seller or the Company or their respective businesses or assets, except as expressly set forth in Article II. Purchaser
further agrees that neither Seller nor any other Person shall have or be subject to any liability to Purchaser or any other Person
resulting from the distribution to Purchaser, or Purchaser’s use of, any such information and any information, document or
material made available to Purchaser or Purchaser’s representatives in certain “data rooms,” management presentations
or any other form in expectation of the transactions contemplated by this Agreement.

 

(b)          In
connection with Purchaser’s investigation of the Company, Purchaser or Purchaser’s representatives have received from
or on behalf of Seller and the Company certain projections, including projected statements of operating revenues and income from
operations of the Company and certain business plan information. Purchaser acknowledges that there are uncertainties inherent in
attempting to make such estimates, projections and other forecasts and plans, that Purchaser is familiar with such uncertainties,
that Purchaser is taking full responsibility for making its own evaluation of the adequacy and accuracy of all estimates, projections
and other forecasts and plans so furnished to it (including the reasonableness of the assumptions underlying such estimates, projections
and forecasts), and that Purchaser shall have no claim against Seller or any other Person with respect thereto. Accordingly, neither
Seller nor any other Person makes any representations or warranties whatsoever with respect to such estimates, projections and
other forecasts and plans (including the reasonableness of the assumptions underlying such estimates, projections and forecasts).

 

ARTICLE
IV

Covenants

 

Section
4.01.  Access and Investigation. Between the date of this Agreement and the Closing Date and upon reasonable advance
notice from a Purchaser, Seller will, and will cause the Company and its representatives to, (a) afford the Purchasers and their
representatives and prospective lenders and their representatives full and free access to the Company’s personnel, properties
(including subsurface testing), Contracts, books and records, and other documents and data, (b) furnish such Persons with copies
of all such Contracts, books and records, and other documents and data as the Purchasers may reasonably request, and (c) furnish
such Persons with such additional financial, operating and other data and information as the Purchasers may reasonably request.

 

Section
4.02.  Retention of Books and Records. In order to facilitate the resolution of any claims made against or incurred
by Seller prior to the Closing, for a period of seven (7) years following the Closing, the Purchasers shall retain the books and
records of the Company relating to the business of the Company for periods prior to the Closing, and upon reasonable notice, afford
the officers, employees, agents and representatives of Seller reasonable access (including the right to make photocopies, at the
expense of Seller), during normal business hours, to such books and records.

 

    	- 7 -

    	 

    

  

Section
4.03.  Expenses; Transfer Taxes.

 

(a)          Except
as otherwise set forth in this Agreement, all costs and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the Party incurring such expense, including all costs and expenses incurred pursuant to this
Section 4.03.

 

(b)          Notwithstanding
anything to the contrary contained herein, Purchaser shall pay the amount of any documentary, sales, use, real property transfer,
real property gains, registration, value-added, transfer, stamp, recording and other similar Taxes, fees, and costs together with
any interest thereon, penalties, fines, costs, fees, additions to tax or additional amounts with respect thereto incurred in connection
with this Agreement and the transactions contemplated hereby. Each Party shall use commercially reasonable efforts to avail itself
of any available exemptions from any Taxes, and to cooperate with the other Parties in providing any information and documentation
that may be necessary to obtain such exemptions.

 

Section
4.04.  Post-Closing Cooperation. Seller and the Purchasers shall cooperate with each other, and shall cause their
Affiliates and their officers, employees, agents, auditors and representatives to cooperate with each other, for a reasonable period
after the Closing to ensure the orderly transition of the Company from Seller to the Purchasers and to minimize any disruption
to the Company and the other respective businesses of Seller and the Purchasers that may result from the transactions contemplated
by this Agreement. After the Closing, upon reasonable written notice, Seller and the Purchasers shall furnish or cause to be furnished
to each other and their Affiliates and their respective employees, counsel, auditors and representatives access, during normal
business hours, to such information and assistance relating to the Company (to the extent within the control of such Party) as
is reasonably necessary for financial reporting and accounting matters.

 

Section
4.05.  Publicity. No public release or announcement concerning the Acquisition and the other transactions contemplated
by this Agreement shall be issued by any Party following the Closing Date without the prior consent of the other Parties (which
consent shall not be unreasonably withheld), except as such release or announcement may be required by Law or the rules or regulations
of any securities exchange, in which case the Party required to make the release or announcement shall allow the other Party reasonable
time to comment on such release or announcement in advance of such issuance.

 

Section
4.06.  Further Assurances. From time to time, as and when requested by any Party, each Party shall execute and deliver,
or cause to be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all such further
or other actions, as such other Party may reasonably deem necessary or desirable to complete the Acquisition and to consummate
the transactions contemplated by this Agreement.

 

    	- 8 -

    	 

    

  

Section
4.07.  Survival and Right to Indemnification.

 

(a)          All
of Purchasers’ and Seller’s representations, warranties, covenants, and/or obligations in this Agreement, and any other
certificate or document delivered pursuant to this Agreement will survive the Closing and the consummation of the transactions
contemplated herein for a one year period from the Closing.

 

(b)          The
Seller covenants and agrees to indemnify, defend, protect and hold harmless the Purchasers, and their agents, representatives and
affiliates (collectively, together with Purchasers, the “Purchaser Indemnified Parties”) at all times from and
after the date of this Agreement from and against all losses, liabilities, damages, claims, actions, suits, proceedings, demands,
assessments, adjustments, costs and expenses (including specifically, but without limitation, reasonable attorneys’ fees
and expenses of investigation), whether or not involving a third party claim and regardless of any negligence of any Purchaser
Indemnified Party (collectively, “Purchaser Losses”), incurred by any Purchaser Indemnified Party as a result
of or arising from (i) any breach of the representations and warranties of the Seller set forth herein or in certificates
delivered in connection herewith, or (ii) any breach or nonfulfillment of any covenant or agreement (including any other agreement
of the Seller to indemnify the Purchaser as set forth in this Agreement) on the part of the Seller under this Agreement, provided,
however, that in no event shall Seller’s liability for Purchaser Losses exceed an aggregate amount of One Hundred
Thousand Dollars ($100,000).

 

(c)          The
Purchasers covenant and agree to indemnify, defend, protect and hold harmless the Seller, and its officers, directors, employees,
stockholders, agents, representatives and affiliates (collectively, together with Seller, the “Seller Indemnified Parties”)
at all times from and after the date of this Agreement from and against all losses, liabilities, damages, claims, actions, suits,
proceedings, demands, assessments, adjustments, costs and expenses (including specifically, but without limitation, reasonable
attorneys’ fees and expenses of investigation), whether or not involving a third party claim and regardless of any negligence
of any Seller Indemnified Party (collectively, “Seller Losses”), incurred by any Seller Indemnified Party as
a result of or arising from (i) any breach of the representations and warranties of the Purchaser set forth herein or in certificates
delivered in connection herewith, (ii) any breach or nonfulfillment of any covenant or agreement (including any other agreement
of the Purchaser to indemnify Seller as set forth in this Agreement) on the part of the Purchaser under this Agreement, (iii) any
debt, liability or obligation of the Company, (iv) the conduct and operations of the business of the Company whether before
or after Closing, (v) claims asserted against the Company whether before or after Closing, or (vi) any federal or state
income tax payable by Seller and attributable to the transaction contemplated by this Agreement provided, however,
that in no event shall Purchasers’ liability for Seller Losses exceed an aggregate amount of One Hundred Thousand Dollars
($100,000).

 

    	- 9 -

    	 

    

  

ARTICLE
V

 

CONDITIONS TO CLOSE 

 

Section
5.01.  Conditions to Obligations of the Purchasers. The obligations of the Purchasers to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment or the Purchasers’ waiver, at or prior to the Closing,
of each of the following conditions:

 

(a)          All
of Seller’s and Company’s representations and warranties in this Agreement (considered both collectively and individually)
must have been accurate in all material respects as of the date of this Agreement, and must be accurate in all material respects
as of the Closing Date as if then made;

 

(b)          All
of the covenants and obligations that the Seller is required to perform or to comply with under this Agreement on or before the
Closing Date (considered both collectively and individually) must have been duly performed and complied with in all material respects
at the Purchasers’ reasonable satisfaction;

 

(c)          Since
the date of this Agreement, no event or circumstance shall have occurred that, individually, or in the aggregate, has had or would
reasonably be expected to have a Company Material Adverse Effect;

 

(d)          There
must not have been made or threatened by any Person who is not a party to this Agreement any claim asserting that such Person (a)
is the holder or the beneficial owner of, or has the right to acquire or to obtain beneficial ownership of, any stock of or any
other voting, equity or ownership interest in the Company, or (b) is entitled to all or any portion of the Purchase Price; and

 

(e)          There
must not be in effect any Law or Order that (a) prohibits the Acquisition or consummation of the transactions contemplated under
this Agreement and (b) has been adopted or issued, or has otherwise become effective, since the date of this Agreement.

 

Section
5.02.  Conditions to Obligations of Seller. The obligations of Seller to consummate the transactions contemplated
by this Agreement shall be subject to the fulfillment or Seller’s waiver, at or prior to the Closing, of each of the following
conditions:

 

(a)          All
of the Purchasers’ representations and warranties in this Agreement (considered both collectively and individually) must
have been accurate in all material respects as of the date of this Agreement and must be accurate in all material respects as of
the Closing Date as if then made;

 

(b)          
All of the covenants and obligations that the Purchasers’ are required to perform or to comply with under this Agreement
on or before the Closing Date (considered both collectively and individually) must have been duly performed and complied with in
all material respects at Seller’s reasonable satisfaction; and

 

    	- 10 -

    	 

    

  

(c)          There
must not be in effect any Law or Order that (a) prohibits the Acquisition or consummation of the transactions contemplated under
this Agreement and (b) has been adopted or issued, or has otherwise become effective, since the date of this Agreement.

 

ARTICLE
VI

 

RELEASES

 

Section
6.01.  Release by the Purchasers. Each Purchaser, on behalf of himself, his heirs, executors, representatives, agents,
insurers, administrators, successors, assigns, and successors in interest, and all persons acting by, through, under, or in
concert with him, and each of them, hereby release and discharge the Seller, together with the Seller’s predecessors, successors,
direct and indirect parent companies, direct and indirect subsidiary companies, companies under common control with any of the
foregoing, affiliates and assigns and its and their past, present, and future officers, directors, shareholders, interest holders,
members, partners, attorneys, agents, employees, managers, representatives, assigns and successors in interest, and all persons
acting by, through, under or in concert with them, and each of them, from all known and unknown charges, complaints, claims, grievances,
liabilities, obligations, judgments, promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts, penalties, fees, wages, medical costs, pain and suffering, mental anguish, emotional distress, expenses
(including attorneys' fees and costs actually incurred), and punitive damages, of any nature whatsoever, whether known or unknown,
from the beginning of time to the date of this Agreement, which such Purchaser has, or may have had, against the Seller, whether
or not apparent or yet to be discovered, or which may hereafter develop, for any acts or omissions related to or arising from any
agreement or other matter between the Purchaser and the Seller.

 

Section
6.02.  Release by Seller. The Seller, on behalf of itself, its predecessors, successors, direct and indirect parent
companies, direct and indirect subsidiary companies, companies under common control with any of the foregoing, affiliates and assigns,
and its and their past, present, and future officers, directors, shareholders, interest holders, members, partners, attorneys,
agents, employees, managers, representatives, assigns, and successors in interest, and all persons acting by, through, under, or
in concert with them, and each of them, hereby release and discharge each Purchaser, together with the Purchaser’s heirs,
executors, representatives, agents, insurers, administrators, successors, assigns, and successors in interest, and all persons
acting by, through, under, or in concert with him, and each of them, from all known and unknown charges, complaints, claims, grievances,
liabilities, obligations, judgments, promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts, penalties, fees, wages, medical costs, pain and suffering, mental anguish, emotional distress, expenses
(including attorneys' fees and costs actually incurred), and punitive damages, of any nature whatsoever, whether known or unknown,
from the beginning of time to the date of this Agreement, which Seller has, or may have had, against either Purchaser, whether
or not apparent or yet to be discovered, or which may hereafter develop, for any acts or omissions related to or arising from any
agreement or other matter between the Seller and such Purchaser.

 

    	- 11 -

    	 

    

  

Section
6.03.  Release by the Company. The Company, on behalf of itself, its predecessors, successors, direct and indirect
parent companies, direct and indirect subsidiary companies, companies under common control with any of the foregoing, affiliates
and assigns, and its and their past, present, and future officers, directors, shareholders, interest holders, members, partners,
attorneys, agents, employees, managers, representatives, assigns, and successors in interest, and all persons acting by, through,
under, or in concert with them, and each of them, hereby release and discharge the Seller, together with the Seller’s predecessors,
successors, direct and indirect parent companies, direct and indirect subsidiary companies, companies under common control with
any of the foregoing, affiliates and assigns and its and their past, present, and future officers, directors, shareholders, interest
holders, members, partners, attorneys, agents, employees, managers, representatives, assigns and successors in interest, and all
persons acting by, through, under or in concert with them, and each of them, from all known and unknown charges, complaints, claims,
grievances, liabilities, obligations, judgments, promises, agreements, controversies, damages, actions, causes of action,
suits, rights, demands, costs, losses, debts, penalties, fees, wages, medical costs, pain and suffering, mental anguish, emotional
distress, expenses (including attorneys' fees and costs actually incurred), and punitive damages, of any nature whatsoever, whether
known or unknown, from the beginning of time to the date of this Agreement, which the Company has, or may have had, against
the Seller, whether or not apparent or yet to be discovered, or which may hereafter develop, for any acts or omissions related
to or arising from any agreement or other matter between the Company and the Seller.

 

ARTICLE
VII 

 

TERMINATION

 

Section
7.01.  Termination Events. Subject to Section 7.02, this Agreement may, by notice given before or at the Closing,
be terminated:

 

(a)          by
mutual consent of the Purchasers and Seller;

 

(b)          by
the Purchasers if Seller has committed a material breach of any provision of this Agreement, the Purchasers have not waived such
material breach and Seller has not cure such material breach within 30 days of receipt of written notice (with specificity) of
such;

 

(c)          by
Seller if the Purchasers have committed a material breach of any provision of this Agreement, Seller has not waived such material
breach and the Purchasers have not cure such material breach within 30 days of receipt of written notice (with specificity) of
such;

 

(d)          by
the Purchasers if the satisfaction of any condition in Section 5.01 is or becomes impossible (other than through the failure
of the Purchasers to comply with its obligations under this Agreement) and the Purchasers have not waived such condition; or

 

(e)          by
Seller if the satisfaction of any condition in Section 5.02 is or becomes impossible (other than through the failure of
Seller to comply with its obligations under this Agreement) and Seller has not waived such condition.

 

    	- 12 -

    	 

    

  

Section
7.02.  Effect of Termination. Each Party’s right of termination under Section 7.01 is in addition to any other
rights it may have under this Agreement or otherwise, and the exercise of such right of termination will not be an election of
remedies. If this Agreement is terminated pursuant to Section 7.01, all obligations of the Parties under this Agreement will terminate,
except that the obligations in Sections 8.09, 8.10, 8.11, 8.12, and 8.13 will survive; provided, however, that if this Agreement
is terminated by a Party because of the breach of the Agreement by another Party or because one or more of the conditions to the
terminating Party’s obligations under this Agreement is not satisfied as a result of any other Party’s failure to comply
with its obligations under this Agreement, the terminating Party’s right to pursue all legal remedies, including the right
to an immediate refund of any amounts paid to the other Party under this Agreement, will survive such termination unimpaired.

 

ARTICLE
VIII

General Provisions

 

Section
8.01.  Statutes. Except as otherwise provided in this Agreement, any reference in this Agreement to a statute refers
to such statute and all rules and regulations made under it, as it or they may have been amended or re-enacted.

 

Section
8.02.  Non-Business Days. Whenever payments are to be made or an action is to be taken on a day which is not a Business
Day, such payment shall be made or such action shall be taken on or not later than the next succeeding Business Day.

 

Section
8.03.  Amendments; Waivers. This Agreement may only be amended, supplemented or otherwise modified by written agreement
signed by Seller and Purchaser. By an instrument in writing, Purchaser or Seller may waive compliance by the other with any term
or provision of this Agreement that such other Party was or is obligated to comply with or perform. No waiver by a party of any
default, misrepresentation or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation or breach of warranty or covenant hereunder or affect in any way any rights
arising by virtue of any prior or subsequent occurrence. No failure or delay by a party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege.

 

Section
8.04.  Assignment. This Agreement and the rights and obligations under this Agreement shall not be assignable or transferable
by any Party (including by operation of law in connection with a merger or consolidation of such Party) without the prior written
consent of the other Party, such consent not to be unreasonably withheld. Any attempted assignment in violation of this Section
8.04 shall be void.

 

Section
8.05.  No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective
successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or
entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

    	- 13 -

    	 

    

  

Section
8.06.  Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall
be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt), (b) when
received by the addressee if sent by a nationally recognized overnight courier (receipt requested), (c) on the date sent by facsimile
(with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent
after normal business hours of the recipient, or (d) on the third (3rd) Business Day after the date mailed, by certified or registered
mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses
(or at such other address for a party as shall be specified in a notice given in accordance with this Section 8.06):

 

 

	If to Purchaser, to:	 	
        Messrs. Ilya Subkhankulov
        and Divya Thakur

        c/o BTX Trader, LLC

        79 Madison Ave, 3rd Floor

        New York, NY 10016

         

	with a copy (which will not constitute notice) to:	 	
        Farrell Fritz, P.C.

        1320 RXR Plaza

        Uniondale, New York 11556-1320

        Facsimile: (516) 336-2216

        Attention: Alon Y. Kapen, Esq.

         

	If to Seller, to:	 	
        WPCS International Incorporated

        521 Railroad Avenue

        Suisun City, California 94585

        Facsimile: (707) 421-1359

        Attention: Chief Executive Officer

         

	with a copy (which will not constitute notice) to:	 	Sichenzia Ross Friedman Ference LLP

61 Broadway, 32nd Floor

New York, New York 10006

Facsimile: (212) 930-9725

Attention:  Harvey Kesner

 

or to such other Persons, addresses or
facsimile numbers as may be designated in writing by the Person entitled to receive such communication as provided above.

 

Section
8.07.  Interpretation; Exhibits and Sections; Certain Definitions.

 

(a)          The
table of contents and headings herein are for convenience of reference only, do not constitute part of this Agreement and shall
not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section
or Exhibit, such reference shall be to a Section of or Exhibit to this Agreement unless otherwise indicated. Whenever the words
“include,” “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation.” A reference in this Agreement to $ or dollars is to U.S. dollars. The words
“hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement. References to “this Agreement”
shall include all Exhibits hereto.

 

    	- 14 -

    	 

    

  

(b)          The
parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden
of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

(c)          For
all purposes of this Agreement:

 

“Affiliate” means,
with respect to any Person, any other Person that directly or indirectly controls, is controlled by or is under common control
with, such Person. For the purposes of this definition, “control” (including, the terms “controlling,”
“controlled by” and “under common control with”), as applied to any Person, means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the
ownership of voting securities, by Contract or otherwise.

 

“Business
Day” means any day, other than Saturday, Sunday or any day on which banking institutions located in New
York City are authorized or required by Law or other governmental action to close.

 

“Company Material
Adverse Effect” means any event, change, development, effect or occurrence (an “Effect”) that, individually
or together with any other Effect, is materially adverse to the business, assets, liabilities, results of operations or condition
(financial or otherwise) of the Company, taken as a whole; provided, however, that in determining whether a Company Material Adverse
Effect has occurred, there shall be excluded any Effect to the extent resulting from the following: (a) any Effect affecting the
businesses or industries in which the Company operates (including general pricing changes), (b) any change in general economic
or business conditions, including changes in the financial, securities or credit markets (including changes in interest rates and
currency rates), or changes in such conditions in any area in which the Company operates, (c) any change in global or national
political conditions, (d) the negotiation, execution, announcement, pendency or performance of this Agreement and the transactions
contemplated by this Agreement, (e) any failure, in and of itself, of the Company to meet any estimates, expectations, forecasts
or projections, including revenues, earnings or other measures of financial performance, for any period; provided, however, that
the facts and circumstances underlying any such failure may, except as may be provided in subsections (a), (b), (c), (d), (f),
(g), (h), (i) or (j) of this definition, be considered in determining whether a Company Material Adverse Effect has occurred, (f)
any change in GAAP or other accounting standards or any change in any Laws or interpretations thereof, in each case, after the
date of this Agreement, (g) any act of God or any change that is the result of any outbreak or escalation of acts of war, material
armed hostilities or other material international or national calamity, acts of terrorism or natural disasters, (h) any loss of
or adverse change in the business relationship between the Company, on the one hand, and Purchaser or any of its Affiliates, on
the other hand, (i) any fees, expenses or change of control payments incurred in connection with this Agreement and the transactions
contemplated by this Agreement or (j) any action expressly required or permitted by this Agreement, including actions required
to be taken by this Agreement upon the specific request of Purchaser, or the failure to take any actions due to the restrictions
set forth in this Agreement; except, with respect to clauses (a), (b), (c), (f) or (g), so long as such changes do not have a disproportionate
adverse impact on the Company, taken as a whole, relative to other businesses of similar size operating in the same industry in
which the Company operates.

 

    	- 15 -

    	 

    

 

“Consent”
means any consent, approval, authorization, permit, clearances, exemption and notice.

 

“Contracts” means
any contracts, agreements, licenses, notes, bonds, mortgages, deeds, undertakings, indentures, leases or other binding instruments
or binding commitments, whether written or oral.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“GAAP”
means generally accepted accounting principles in the United States in effect from time to time.

 

“Governmental
Entity” means any international, national, federal, state, provincial or local governmental, regulatory or administrative
authority, agency, commission, court, tribunal, arbitral body, self-regulated entity or similar body, whether domestic or foreign.

 

“Laws” means
any domestic or foreign laws, common law, statutes, ordinances, rules, regulations, codes, Orders or legally enforceable requirements
enacted, issued, adopted, promulgated, enforced, ordered or applied by any Governmental Entity.

 

“Liens” means,
with respect to any property or asset, all pledges, liens, mortgages, charges, encumbrances, hypothecations, options, rights of
first refusal, rights of first offer and security interests of any kind or nature whatsoever.

 

“Order” means
order, writ, assessment, decision, injunction, decree, ruling or judgment of a Governmental Entity.

 

“Organizational
Documents” means the articles of incorporation, certificate of incorporation, charter, bylaws, articles of formation,
certificate of formation, regulations, operating agreement, certificate of limited partnership, partnership agreement, and all
other similar documents, instruments or certificates executed, adopted, or filed in connection with the creation, formation, or
organization of a Person, including any amendments thereto.

 

“Party”
means any of the Purchasers, Seller or the Company, and “Parties” means both of them collectively.

 

“Permitted
Liens” means (a) statutory Liens for current Taxes or other governmental charges or assessments not yet
due and payable or the amount or validity of which is being contested in good faith (provided appropriate reserves required pursuant
to GAAP have been made in respect thereof), (b) mechanics’, carriers’, workers’, repairers’ and similar
statutory Liens arising or incurred in the ordinary course of business for amounts which are not delinquent or which are being
contested by appropriate proceedings (provided appropriate reserves required pursuant to GAAP have been made in respect thereof),
(c) zoning, entitlement, building and other land use regulations imposed by Governmental Entities having jurisdiction over such
Person’s owned or leased real property, which are not violated by the current use and operation of such real property, (d)
covenants, conditions, restrictions, easements and other similar non-monetary matters of record affecting title to such Person’s
owned or leased real property, which do not materially impair the occupancy or use of such real property for the purposes for which
it is currently used in connection with such Person’s businesses, (e) any right of way or easement related to public roads
and highways, and (f) Liens arising under workers’ compensation, unemployment insurance, social security, retirement and
similar legislation.

 

    	- 16 -

    	 

    

  

“Person” means
any individual, corporation, limited or general partnership, limited liability company, limited liability partnership, trust, association,
joint venture, Governmental Entity and other entity and group (which term will include a “group” as such term is defined
in Section 13(d)(3) of the Exchange Act).

 

“Purchaser
Material Adverse Effect” means a material adverse effect on the ability of Purchaser to perform its obligations under
this Agreement or on the ability of Purchaser to consummate the Acquisition and the other transactions contemplated hereby.

 

“Purchaser’s
Knowledge” or “Knowledge of the Purchaser” means the actual knowledge of the Purchaser.

 

“SEC” means
the Securities and Exchange Commission.

 

“SEC
Documents” means all forms, statements, reports and documents, together with any required amendments
thereto, that the Seller was required to file or furnish with the SEC pursuant to the Securities Act and the Exchange Act.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Seller’s
Knowledge” or “Knowledge of the Seller” means the actual knowledge of any of the executive officers
or the directors of Seller.

 

“Taxes”
means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise,
registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise,
severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs,
duties or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest, additions or penalties
with respect thereto and any interest in respect of such additions or penalties.

 

    	- 17 -

    	 

    

 

(d)          Index
of Defined Terms.

 

	Defined Term	 	Section	 	Page	 
	 	 	 	 	 	 	 
	Agreement	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Acquisition	 	1.01(b)	 	 	1	 
	 	 	 	 	 	 	 
	Common Equity Units	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Closing	 	1.02	 	 	2	 
	 	 	 	 	 	 	 
	Closing Date	 	1.02	 	 	2	 
	 	 	 	 	 	 	 
	Company	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Effect	 	Definition of “Company Material Adverse Effect”	 	 	15	 
	 	 	 	 	 	 	 
	Encumbrances	 	3.06	 	 	6	 
	 	 	 	 	 	 	 
	Financial Statements	 	2.08	 	 	4	 
	 	 	 	 	 	 	 
	Purchase Price	 	1.01(a)	 	 	1	 
	 	 	 	 	 	 	 
	Purchaser	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Purchaser Indemnified Parties	 	4.07(b)	 	 	9	 
	 	 	 	 	 	 	 
	Purchaser Losses	 	4.07(b)	 	 	9	 
	 	 	 	 	 	 	 
	Purchasers	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Seller	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Seller Indemnified Parties	 	4.07(c)	 	 	9	 
	 	 	 	 	 	 	 
	Seller Losses	 	4.07(c)	 	 	9	 
	 	 	 	 	 	 	 
	Subkhankulov	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	Thakur	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	WPCS Notes	 	Preamble	 	 	1	 
	 	 	 	 	 	 	 
	WPCS Purchase Agreement	 	Preamble	 	 	1	 

 

    	- 18 -

    	 

    

 

Section
8.08.  Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties
and delivered to the other Parties. In the event that any signature is delivered by facsimile transmission or by an e-mail which
contains a portable document format (.pdf) file of an executed signature page, such signature page 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 signature
page were an original thereof.

 

Section
8.09.  Entire Agreement; Survival. This Agreement (including the Exhibits to this Agreement) constitutes the entire
agreement among the Parties with respect to the subject matter of this Agreement and supersede all other prior agreements and understandings,
both written and oral, among the parties to this Agreement with respect to the subject matter of this Agreement.

 

Section
8.10.  Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction,
such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or
render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision
is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the greatest extent possible.

 

Section
8.11.  Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the
State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or
any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of New York.

 

Section
8.12.  Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT
OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY,
AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 8.12.

 

    	- 19 -

    	 

    

 

Section
8.13.  Consent to Jurisdiction. Each Party hereby irrevocably and unconditionally submits, for itself and its property,
to the exclusive jurisdiction of the United States District Court for the Southern District of New York, or, if (and only if) such
court lacks subject matter jurisdiction, the Federal court of the United States of America sitting in New York, and any appellate
court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the agreements delivered in
connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any judgment relating
thereto, and each of the parties hereby irrevocably and unconditionally (a) agrees not to commence any such action or proceeding
except in the United States District Court for the Southern District of New York, or, if (and only if) such court lacks subject
matter jurisdiction, the Federal court of the United States of America sitting in New York, and any appellate court from any thereof,
(b) agrees that any claim in respect of any such action or proceeding may be heard and determined in the United States District
Court for the Southern District of New York, or, if (and only if) such court lacks subject matter jurisdiction, the Federal court
of the United States of America sitting in New York, and any appellate court from any thereof, (c) waives, to the fullest extent
it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any such action
or proceeding in the United States District Court for the Southern District of New York, or, if (and only if) such court lacks
subject matter jurisdiction, the Federal court of the United States of America sitting in New York, and any appellate court from
any thereof and (d) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of
such action or proceeding in the United States District Court for the Southern District of New York, or, if (and only if) such
court lacks subject matter jurisdiction, the Federal court of the United States of America sitting in New York, and any appellate
court from any thereof. Each Party agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in Section 8.06. Nothing in this Agreement will affect
the right of any party to this Agreement to serve process in any other manner permitted by Law.

 

[signature page follows]

 

    	- 20 -

    	 

    

 

IN WITNESS WHEREOF, Seller
and Purchaser have duly executed this Agreement as of the date first written above.

 

	 	WPCS INTERNATIONAL INCORPORATED
	 	 
	 	By:	/s/ SEBASTIAN GIORDANO
	 	 	Name: Sebastian Giordano
	 	 	Title: Chief Executive Officer
	 	 
	 	BTX TRADER LLC
	 	 
	 	By:	/s/ ILYA SUBKHANKULOV
	 	 	Name: Ilya Subkhankulov
	 	 	Title: Chief Operating Officer
	 	 
	 	DIVYA THAKUR
	 	 
	 	/s/ DIVYA THAKUR
	 	 
	 	ILYA SUBKHANKULOV
	 	 
	 	/s/ ILYA SUBKHANKULOV

 

Signature Page to Securities Purchase Agreement

 

    	 

    	 

    

 

SCHEDULE A

 

	Purchaser	 	Number of Common Equity Units Acquiring	 
	 	 	 	 
	Divya Thakur	 	 	6,000	 
	Ilya Subkhankulov	 	 	4,000	 
	Total:	 	 	10,000	 

 

    	 

    	 

    

 

EXHIBIT A

 

November 26, 2014

 

To the Board of Directors

of WPCS International Incorporated:

 

Ladies and Gentlemen:

 

I hereby resign as a director of WPCS International
Incorporated, a Delaware corporation (the “Company”), effective immediately.

 

Further, I hereby confirm that there are
no any outstanding remuneration, fees or any monies of any nature owed to me by the Company, I have no claim against the Company
in respect of any outstanding remuneration, fees or monies owed of any nature.

 

	 	 	 
	 	Divya Thakur	 

 

    	 

    	 

    

  

EXHIBIT B

 

November 26, 2014

 

WPCS International Incorporated

521 Railroad Avenue

Suisun City, California 94585

Re:        Termination of Stock Option Agreement

 

Ladies and Gentlemen:

 

This letter shall serve as a mutual agreement
to terminate the employee nonstatutory stock option agreement, dated as of April 24, 2014, between Divya Thakur (the “Holder”)
and WPCS International Incorporated (“WPCS”) (the “Agreement”). Effective immediately, the Agreement shall
be deemed terminated and the Holder hereby confirms that any options granted by WPCS shall be deemed null and void and forfeited
by the Holder.

 

	 	 	 
	 	Divya Thakur

 

Accepted to and agreed this

26th day of November, 2014:

 

WPCS INTERNATIONAL INCORPORATED

 

	 	 
	By:  Sebastian Giordano	 
	Title:  Chief Executive Officer	 

 

    	 

    	 

    

 

November 26, 2014

 

WPCS International Incorporated

521 Railroad Avenue

Suisun City, California 94585

Re:          Termination of Stock Option Agreement

 

Ladies and Gentlemen:

 

This letter shall serve as a mutual agreement
to terminate the employee nonstatutory stock option agreement, dated as of April 24, 2014, between Ilya Subkhankulov
(the “Holder”) and WPCS International Incorporated (“WPCS”) (the “Agreement”). Effective immediately,
the Agreement shall be deemed terminated and the Holder hereby confirms that any options granted by WPCS shall be deemed null and
void and forfeited by the Holder.

 

	 	 	 
	 	Ilya Subkhankulov

 

	Accepted to and agreed this
	26th day of November, 2014:
	 
	WPCS INTERNATIONAL INCORPORATED
	 
	 	 
	By:  Sebastian Giordano	 
	Title:  Chief Executive Officer

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