Document:

Exhibit 10.1

 

Da t e : 4/2 Bo rr o w er : PR No t e A m ount: $5 Loan No.: 80 Application  No.: 25 “Borrower” means Page  1 of 7 Park  State Bank “CARES Act”  means  collectively,  the Coronavirus Aid,  Relief, and  Economic Security   Act  along with  any  applicable regulations. “Deferral  Period” means the  six  (6) month  period beginning  on the date of this  Note.   “Lender”  means  Park State Bank “Loan”  means the loan  evidenced  by  this Note. “Maturity Date” means twenty - four  (24) months from the  date  of this  Note. “Note  Amount” means the  amount set forth  above  under  the heading  “Note Amount”.   “Note Rate” means an interest rate of one percent (1%) per annum and interest shall accrue on the  unpaid principal balance computed  on the  basis  of the  actual  number of  days elapsed  in a   year  of 365 days. “Parties”  means  Borrower and Lender, collectively. “PPP” means  the  Paycheck Protection Program  as  set forth  in the CARES Act. “SBA”  means the Small  Business Administration, an Agency  of the  United  States of   America. 3. CONDITIONS PRECEDENT  TO  FUNDING  OF LOAN . Before  the funding  of  the  Loan,  the following conditions must be satisfied: A. Lender has approved  the  request  for the Loan. PREDICTIVE ONCOLOGY INC. Paycheck Protection Program Promissory Note 0/2020 EDICTIVE ONCOLOGY INC. 41,867.00 00211 113572 - 02 1. PROMISE  TO  PAY . Borrower  promises to  pay  to the order of  Lender  the Note Amount,  plus interest  on the   unpaid principal  balance  at  the Note  Rate, and all  other  amounts required  by  this Note. 2. DEFINITIONS .

     

     

    

Page  2 of 7 Park  State Bank 4. B. Lender has received approval from SBA  to  fund  the Loan. PAYMENT TERMS . Borrower will  pay  this Note  as follows: A. No Payments During Deferral Period . There shall be no payments due by Borrower during the Deferral Period . B. Principal and Interest Payments . Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date . C. Maturity Date . On the Maturity Date, Borrower shall pay to Lender any and all unpaid principal plus accrued and unpaid interest plus interest accrued during the Deferral Period . This Note will mature on the Maturity Date . D. Payments . If any payment is due on a date for which there is no numerical equivalent in a particular calendar month then it shall be due on the last day of such month . If any payment is due on a day that is not a Business Day, the payment will be made on the next Business Day . The term “Business Day” means a day other than a Saturday, Sunday or any other day on which Lender is authorized to be closed . E. Payment Allocation . Payments shall be allocated among principal and interest at the discretion of Lender unless otherwise agreed or required by applicable law . Notwithstanding, in the event the Loan, or any portion thereof, is forgiven pursuant to the PPP, the amount so forgiven shall be applied to principal . F. Pre - Payment . Borrower may prepay this Note at any time without payment of any premium . 5. CERTIFICATIONS .   Borrower certifies as follows: A. Current economic uncertainty makes this Loan necessary to support the ongoing operations of Borrower . B. Loan funds will be used to retain workers and maintain payroll or make mortgage payments, lease payments, utility payments and other qualified payments pursuant to the terms of the PPP . C. During the period beginning on February 15 , 2020 and ending on December 31 , 2020 , Borrower has not and will not receive another loan under the PPP .

     

     

    

Page  3 of 7 Park  State Bank D . Borrower was in operation on February 15 , 2020 and (i) had employees for whom it paid salaries and payroll taxes, or (ii) paid independent contractors as reported on an IRS Form 1099 - Misc . 6. AGREEMENTS . Borrower understands  and  agrees, and waives and releases Lender,  as follows: A. The Loan will be made under the PPP . Accordingly, it must be submitted to and approved by the SBA . There is limited funding available under the PPP and so all applications submitted will not be approved by the SBA . The Loan contemplated hereby may not be approved by the SBA . B. Lender is participating in the emergency Paycheck Protection Program (PPP) created by the CARES Act to help businesses affected by the COVID - 19 pandemic . However, Lender anticipates a high volume of applications for PPP loans, and there may be processing delays and system failures, along with other issues, that interfere with or otherwise prevent our submission of your application to the SBA . Lender does not represent or guarantee that it will submit your application before SBA funding is no longer available, or at all . You agree to forever release and waive any claims against Lender concerning failure to obtain the Loan, and you agree that Lender is not, and will not be, responsible or liable to you for any such claims, including, but not limited, to any claims concerning : (i) applications that are not submitted to the SBA until after the SBA stops approving applications, (ii) applications that are not processed or funded by the SBA, (iii) Lender’s pace, manner or systems for processing or prioritizing applications, or (iv) representations made or alleged to have been made by Lender regarding the application process, the PPP, or availability of funding thereunder . You hereby acknowledge that this release and waiver applies to both existing claims and future claims that may arise in connection with your PPP application . You further agree that this release and waiver supersedes any communications, understandings and agreements by or between the Parties with regard to any of the issues set forth herein . C. Forgiveness of the Loan is only available for principal that is used for the limited purposes that qualify for forgiveness under the PPP and SBA requirements thereunder, and that to obtain forgiveness, Borrower must request it and must provide documentation in accordance with the SBA requirements, and certify that the amounts Borrower is requesting to be forgiven qualify under the applicable requirements . Borrower also understand that Borrower shall remain responsible under the Loan for any amounts not forgiven, and that interest payable under the Loan will not be forgiven but that the SBA may pay the Loan interest on forgiven amounts . D. Forgiveness is not automatic and Borrower must request it as discussed above . Borrower is not relying on Lender for its understanding of the requirements for forgiveness of Loan amounts, including but not limited to, Borrower’s understanding of eligible expenditures, necessary records/documentation, or possible reductions in forgivable amounts under the Loan due to changes in number of employees or compensation . Rather Borrower will consult the SBA’s PPP materials and requirements and its own advisors with regard to such matters .

     

     

    

Page  4 of 7 Park  State Bank E . The application for this Loan is subject to review and Borrower understands that it may not receive the Loan . The Loan also remains subject to availability of funds under the PPP and SBA’s approval and issuance of an SBA loan number for the Loan . 7. DEFAULT . Borrower is  in  default under  this Note if Borrower: A. Fails to make a payment when due under the Note or otherwise fails to comply with any provision of this Note . B. Does not disclose, or anyone acting on its behalf does not disclose, any material fact to Lender or SBA . C. Makes, or anyone acting on its behalf makes, a materially false or misleading representation, attestation or certification to Lender or SBA in connection with Borrower’s request for this Loan under the PPP, or makes a false certification under Section 5 of this Note . D. Fails  to comply with all of the  provisions  of this Note. E. Becomes the subject of a proceeding under any bankruptcy or insolvency law, has a receiver or liquidator appointed for any part of its business or property, or makes an assignment for the benefit of creditors . F. Reorganizes, merges, consolidates, or otherwise changes ownership or business structure without Lender's prior written consent . G. Becomes the subject of a civil or criminal action that Lender believes may materially affect Borrower's ability to pay this Note . 8. LENDER'S RIGHTS  IF  THERE  IS A DEFAULT . 9. Without  notice  or  demand and  without  giving  up any  of  its rights, Lender may: A. Require immediate payment  of  all amounts  owing  under  this Note. B. Collect  all amounts owing from Borrower. C. File  suit and  obtain  judgment. LENDER'S GENERAL POWERS . Without notice or Borrower's consent, Lender may incur expenses to collect amounts due under this Note and enforce the terms of this Note . Among other things, such expenses may include reasonable attorney's fees and costs . If Lender incurs such expenses, it may demand immediate repayment from Borrower or add the expenses to the principal balance of the Loan .

     

     

    

Page  5 of 7 Park  State Bank 10. JURY WAIVER; GOVERNING  LAW  AND VENUE;  WHEN  FEDERAL  LAW   APPLIES . BORROWER HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, CAUSE OF ACTION, SUIT OR PROCEEDINGS (A) ARISING UNDER THIS NOTE OR (B) IN ANY WAY CONNECTED WITH OR RELATED TO OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO WITH RESPECT TO THIS NOTE OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE . BORROWER HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, CAUSE OF ACTION, SUIT OR PROCEEDING SHALL BE DECIDED BY A COURT TRIAL, WITHOUT A JURY, AND THAT ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR COPY OF THIS NOTE WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY . When SBA is the holder, this Note shall be interpreted and enforced under federal law, including SBA regulations . Lender or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and other such purposes . By using such procedures, SBA and Lender do not waive any federal immunity from state or local control, penalty, tax, or liability . As to this Note, Borrower may not claim or assert against SBA or Lender any local or state law to deny any obligation, defeat any claim of SBA or Lender, or preempt federal law . If the SBA is not the holder, this Note shall be governed by and construed in accordance with the laws of the State of Minnesota where the main office of Lender is located . MATTERS REGARDING INTEREST TO BE CHARGED BY LENDER AND THE EXPORTATION OF INTEREST SHALL BE GOVERNED BY FEDERAL LAW (INCLUDING WITHOUT LIMITATION SECTIONS 85 AND 1831 u) OF TITLE 12 OF THE UNITED STATES CODE AND THE LAW OF THE STATE OF MINNESOTA . Borrower agrees that any legal action or proceeding with respect to any of its obligations under this Note may be brought by Lender in any state or federal court located in the State of Minnesota, as Lender in its sole discretion may elect . Borrower submits to and accepts in respect of its property, generally and unconditionally, the non - exclusive jurisdiction of those courts . Borrower waives any claim that the State of Minnesota is not a convenient forum or the proper venue for any such suit, action or proceeding . The extension of credit that is the subject of this Note is being made by Lender in Minnesota . 11. SUCCESSORS AND ASSIGNS . Under this Note, Borrower includes its successors, and Lender includes its successors and assigns .

     

     

    

Page  6 of 7 Park  State Bank 12. GENERAL PROVISIONS . A. Borrower  must  sign all documents  necessary  at  any time to comply with the Loan. B. Borrower’s execution of this Note has been duly authorized by all necessary actions of its governing body . The person signing this Note is duly authorized to do so on behalf of Borrower . C. This Note shall not be governed by any existing or future credit agreement or loan agreement Borrower may have with Lender . The liabilities of Borrower guaranteed pursuant to any existing or future guaranty in favor of Lender shall not include this Note . The liabilities of Borrower secured by any existing or future security instrument in favor Lender shall not include this Note . D. Lender may exercise any of its rights separately or together, as many times and in any order it chooses . Lender may delay or forgo enforcing any of its rights without giving up any of such rights . E. Borrower may not use an oral statement of Lender or SBA to contradict or alter the written terms of this Note . F. If  any  part of this Note  is unenforceable, all  other  parts shall remain  in effect. G. To the extent allowed by law, Borrower waives all demands and notices in connection with this Note, including presentment, demand, protest, and notice of dishonor . H. Borrower's liability under this Note will continue with respect to any amounts SBA may pay Lender based on an SBA guarantee of this Note . Any agreement with Lender under which SBA may guarantee this Note does not create any third party rights or benefits for Borrower and, if SBA pays Lender under such an agreement, SBA or Lender may then seek recovery from Borrower of amounts paid by SBA with respect to the Loan and this Note . I. Lender reserves the right to modify the Note Amount based on documentation received from Borrower . 13. ELECTRONIC SIGNATURES . Borrower’s electronic signature shall have the same force and effect as an original signature and shall be deemed (i) to be “written” or “in writing” or an “electronic record”, (ii) to have been signed and (iii) to constitute a record established and maintained in the ordinary course of business and an original written record when printed from electronic files . Such paper copies or “printouts,” if introduced as evidence in any judicial, arbitral, mediation or administrative proceeding, will be admissible as between the Parties to the same extent and under the same conditions as other original business records created and maintained in documentary form . [Remainder  of page  intentionally blank]

     

     

    

Park  State Bank Signature Page to Paycheck Protection Program Promissory Note Page  7  of 7 By : Name : Title : Date : By: Name:  Bob Myers Title:   Bob Myers Date  : 04 - 20 - 2020

     

     

    

Account Agreement Date: Date Date Wolters  Kluwer  Financial  Services  - 2015 Date Date MP - SC - C1 2/27/2015 Page  1 of  1 Multipurpose  Signature Card Bankers Systems * VMP , The  undersigned certify the accuracy  of  the information  provided.  The  undersigned  also  authorize  financial  institution to   investigate  credit  and employment  history  and to obtain  reports  from  consumer  reporting  agencies on them as  individuals.   Except  as  otherwise  provided  by  law  or  other documents,  each  of the undersigned  is  authorized to  make  withdrawals,   provided the  required  number of signatures is  satisfied. The  undersigned  personally,  and  as  or  on behalf  of the  account   owner(s), agree to the terms, and acknowledge receiving copies, of this document and the following: Account Disclosure (Truth  In  Savings),  Common  Features  (fees, etc),  Terms  &  Conditions (including  Electronic Disclosures and   Notices),  Electronic  Fund  Transfers,  Funds  Availability,  Substitute Checks 04 - 20 - 2020 Financial Institution Account  Title  & Address Park  State Bank 1108  Nicollet  Mall,  Suite 210 Minneapolis,  MN 55403 612 - 238 - 0430 By: betsyd PREDICTIVE ONCOLOGY INC. 2915 COMMERS DRIVE SUITE 900   SAINT PAUL, MN 55121 l X  New Agreement  l  Replaces  Previous Agreement(s) Account  Number,  Type,  Initial  Amount, Source Ownership  of Account(s)  PSB  SBA  PPP Checking Additional  Services Requested Beneficiary Information Backup Withholding Certifications (If not a  "U.S.  Person,"  certify foreign  status separately.) Taxpayer  Identification  Number  (TIN):  33 - 1007393 l X  The  Taxpayer  Identification  Number  shown  is  my  correct TIN. l X  I  am  not subject  to  backup  withholding  either  because  I  have  not  been   notified  that  I  am  subject  to  backup  withholding  as  a  result  of  failure  to  report   all  interest  or  dividends,  or  the Internal  Revenue  Service  has  notified  me  that  I   am  no  longer  subject  to  backup withholding. l EXEMPT:  I  am  an  exempt  recipient  under  the  Internal  Revenue  Service   Regulations.  Exempt  Payee  Code  (if any)  FATCA Code:  The  FATCA  code  entered  on  this  form  (if  any)  indicating  that  I am exempt  from  FATCA  reporting  is correct. I  certify  under  penalties  of  perjury  the  statements  made  in  this  section   are true  and  that  I  am  a  U.S. citizen  or  other U.S.  person  (as  defined  in   the instructions). 04 - 20 - 2020 (Date) Signer  Designation (Non - Owner) (Financial Institution policy  may  require  separate documentation   as needed to demonstrate authority to sign or do transactions.) Other Terms Required Number  of Signatures  for  Withdrawal: 1 Signature(s) Bob Myers

     

     

    

Certification  Regarding  Internet  Gambling   Wolters Kluwer  Financial  Services  - 2009 Bankers  Systems * CRIG 7/14/2009 Page  1  of 1 Bob Myers Certification  Regarding  Internet Gambling The  business  entity identified  below  certifies  that  it  does not  engage  in  an  Internet  gambling business   within the  meaning  of  Federal  Reserve Regulation GG. Business Entity PREDICTIVE ONCOLOGY INC. 04 - 20 - 2020 Date

     

     

    

Financial Institution Name: Park State Bank Financial Institution Location: Minneapolis, MN Account Number: Financial Institution Contact Person: Contact  Phone Number: CIF Key/TIN: CERT - BEN  10/1/2017 Page  2  of 4 Certification  of  Beneficial  Owners  of  Legal Entities I. GENERAL  INSTRUCTIONS   What  is  this form? To  help  the  government  fight  financial  crime,  Federal  regulation requires  certain  financial  institutions to  obtain,  verify,   and  record  information  about  the  beneficial  owners  of  legal  entity  customers.  Legal  entities  can  be  abused  to  disguise   involvement  in  terrorist  financing,  money  laundering,  tax  evasion,  corruption,  fraud,  and  other  financial crimes. Requiring  the  disclosure  of  key  individuals  who  own  or  control  a  legal  entity  (i.e.,  the  beneficial  owners)  helps  law   enforcement  investigate  and  prosecute  these crimes. Who  has  to  complete  this form? This  form  must  be  completed  by  the  person  opening  a  new  account  on  behalf  of  a  legal  entity  with  any  of the following  U.S.  financial  institutions:  (i)  a  bank  or  credit  union;  (ii)  a  broker  or  dealer  in  securities;  (iii)  a  mutual fund; (iv) a  futures commission  merchant;  or  (v)  an  introducing  broker  in commodities. For  the  purposes  of  this  form,  a  legal  entity  includes  a  corporation,  limited  liability  company,  or  other  entity  that  is   created  by  a  filing  of  a  public  document  with  a  Secretary  of  State  or  similar  office,  a  general partnership,  and  any   similar  business  entity  formed  in  the  United States  or  a  foreign country.  Legal entity  does  not  include  sole   proprietorships,  unincorporated  associations, or  natural  persons  opening accounts  on  their own behalf. What  information  do  I  have  to provide? This  form requires  you  to  provide  the  name,  address,  date  of  birth  and  Social  Security  number  (or  passport  number  or   other  similar information,  in  the  case  of Non - U.S.  persons)  for  the  following  individuals  ( i.e. ,  the  beneficial owners ): (i) Each  individual,  if  any,  who  owns,  directly  or  indirectly,  25  percent  or  more  of  the  equity  interests  of   the  legal  entity  customer  ( e.g. ,  each  natural  person  that  owns  25  percent  or  more  of  the  shares  of  a   corporation); and (ii) An individual with significant responsibility for managing the legal entity customer ( e . g . , a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, or Treasurer) . The  number  of  individuals  that  satisfy  this  definition  of  "beneficial  owner"  may  vary.  Under  section  (i),  depending  on   the  factual circumstances,  up  to  four  individuals  (but  as  few  as  zero)  may  need  to be  identified.  Regardless  of  the   number  of  individuals identified  under  section  (i),  you  must  provide  the  identifying  information  of  one  individual  under   section  (ii).  It  is  possible  that  in  some  circumstances  the  same  individual  might  be  identified  under  both  sections  ( e.g. ,   the  President  of  Acme,  Inc.  who  also  holds  a  30%  equity  interest).  Thus,  a  completed  form  will  contain  the  identifying   information of at least one individual (under section (ii)), and up to five individuals ( i.e. , one individual under section (ii)  and  four  25  percent  equity  holders  under  section  (i)).  The  financial  institution  may  also  ask  to  see  a  copy  of  a   driver's  license or  other  identifying  document  for  each  beneficial owner  listed  on  this  form.

     

     

    

l  If  checked,  Beneficial Owner  listing  requirement  is  Not Applicable II.  CERTIFICATION  OF  BENEFICIAL OWNER(S) Persons opening  an  account  on behalf  of  a legal  entity must provide the  following information: Provide  the  following  information  for  each  individual,  if  any, who,  directly  or  indirectly,  through any  contract,   arrangement, understanding, relationship or  otherwise,  owns  25  percent  or  more  of  the equity interests  of  the   legal  entity  listed above: Name  of  Natural  Person Opening Account: Bob Myers Title  of  Natural  Person Opening Account: Chief Financial Officer Type of Legal Entity for Which the Account is Being Opened: Corporation Legal Entity Identifier (Optional): 33 - 1007393 Name of Legal Entity for Which the Account is Being Opened: Predictive Oncology Inc. Physical Address of Legal Entity for Which the Account is Being Opened: 2915 Commers Drive, Suite 900, Eagan, MN 55121 CERT - BEN  10/1/2017 Page  3  of 4 Name   (Beneficial Owner) Date  of   Birth Address  (Residential  or   Business  Street Address) For U.S. P e r s on s :   Social   S ec u r ity   Number For  Non - U.S.  Persons:   Social  Security   Number,  Passport   Number  and  country   of  issuance,  or  other   similar  identification   number 1 First Robert 12/18/1954 Street 8070 Upper 146th Street West City   Apple Valley State   &  Zip    MN 55124 Number Last Country  of Issuance Myers l c h ec k i f o w n s 25 % o r m o r e e qu it y i n t e r es t First Last l c h ec k i f o w n s 25 % o r m o r e e qu it y i n t e r es t Street City State  & Zip Number Country  of Issuance First Last l c h ec k i f o w n s 25 % o r m o r e e qu it y i n t e r es t Street City State  & Zip Number Country  of Issuance First Last l c h ec k i f o w n s 25 % o r m o r e e qu it y i n t e r es t Street City State  & Zip Number Country  of Issuance

     

     

    

I, (name  of  natural person  opening  account) , hereby D a t e : Signature:  Provide  the  following  information  for  one individual  with significant responsibility  for  managing the  legal  entity   listed  above,  such as: ◆ An  executive  officer  or senior  manager  (e.g.,  Chief  Executive  Officer,  Chief Financial Officer,   Chief  Operating  Officer,  Managing  Member,  General  Partner, President,  Vice  President,   Treasurer); or ◆ Any other individual who regularly performs similar functions. (If appropriate, an individual listed under the ownership section above may also be listed in the section below). 1  In  lieu  of  a  passport  number,  Non - U.S.  Persons  may  also provide  a  Social  Security  Number,  an  alien identification card number,  or  number  and  country  of   issuance  of  any  other government - issued  document  evidencing  nationality  or  residence  and  bearing  a  photograph  or  similar safeguard. certify,  to the best  of  my  knowledge,  that the  information  provided  above  is  complete and  correct.   I  also  agree to  notify  the bank  if  there  is  any change to the  beneficial  ownership information. Name/Title   (of  Person   with Control) Date  of   Birth Address  (Residential  or  Business   Street Address) For U.S. P e r s on s :   Social   S ec u r ity   Number For  Non - U.S.  Persons:   Social  Security   Number,  Passport   Number  and  country   of  issuance,  or  other   similar  identification   number 1 First Bob Last  Myers Title Myers 12/18/1954 Street  8070 Upper 146th Street West City Apple Valley State  &  Zip  MN 55124  Number Country  of Issuance CERT - BEN  10/1/2017 Page  4  of 4 04 - 20 - 2020 Bob Myers

     

     

    

Form  W - 9   (Rev.  October  2018)   Department  of  the Treasury   Internal  Revenue Service Request  for  Taxpayer   Identification  Number  and Certification a Go  to  www.irs.gov/FormW9  for  instructions  and  the  latest  information. Give  Form  to the   requester.  Do not   send  to the IRS. Print  or type. See  Specific Instructions  on  page 3. 3  Check appropriate  box  for  federal  tax classification  of  the person whose  name is  entered  on  line  1.  Check  only  one  of  the   following  seven  boxes. Individual/sole  proprietor or   single - member LLC C Corporation S Corporation Partnership Trust/estate Limited  liability  company.  Enter  the  tax classification  (C=C  corporation,  S=S  corporation,  P=Partnership) a Note:  Check  the  appropriate  box  in  the  line  above  for  the  tax classification  of  the  single - member  owner.  Do  not check   LLC  if  the  LLC is  classified  as  a  single - member  LLC  that  is  disregarded  from  the owner  unless  the owner  of  the  LLC is   another  LLC  that  is  not  disregarded  from  the owner  for  U.S. federal  tax purposes.  Otherwise,  a  single - member  LLC  that   is  disregarded  from  the owner  should  check  the  appropriate  box  for  the  tax classification  of  its owner. Other  (see  instructions) a 4 Exemptions (codes apply only to certain entities, not individuals ; see instructions on page 3 ) : Exempt  payee  code  (if any) Exemption  from  FATCA  reporting   code  (if  any) (Applies  to  accounts  maintained  outside the U.S.) Requester’s  name  and address (optional) Part  I Taxpayer  Identification  Number (TIN) Enter  your  TIN  in  the  appropriate  box.  The TIN  provided must match  the  name given  on  line 1  to  avoid   backup  withholding.  For  individuals,  this  is generally  your social  security number  (SSN).  However,  for  a   resident  alien,  sole  proprietor, or disregarded entity,  see  the  instructions for  Part  I,  later.  For  other   entities,  it  is  your employer  identification number  (EIN).  If  you  do  not  have  a  number,  see  How  to  get a TIN, later. Note:  If  the  account  is in  more than  one name,  see  the  instructions for  line  1.  Also  see  What  Name  and   Number  To  Give  the  Requester  for  guidelines  on whose number  to enter. Social security number – – or Employer identification number Part  II Certification Under penalties  of  perjury,  I  certify that: 1. The  number shown on this  form  is  my  correct  taxpayer  identification number  (or  I  am  waiting for  a  number  to  be  issued  to  me); and 2. I  am  not subject  to  backup withholding  because:  (a)  I  am  exempt  from backup  withholding, or  (b)  I  have  not  been  notified  by  the  Internal  Revenue   Service  (IRS)  that  I  am  subject  to  backup withholding  as  a  result  of  a  failure  to  report  all  interest  or dividends, or  (c)  the  IRS  has  notified  me  that  I  am   no  longer  subject  to  backup  withholding; and 3. I  am  a  U.S.  citizen  or other  U.S.  person  (defined below); and 4. The  FATCA  code(s)  entered  on this  form  (if  any)  indicating  that  I  am  exempt  from  FATCA  reporting  is correct. Certification  instructions.  You  must cross  out  item  2  above  if  you  have  been  notified by  the  IRS  that  you  are  currently  subject  to  backup withholding  because   you  have  failed  to  report  all  interest  and  dividends  on your  tax  return.  For real  estate  transactions, item  2  does  not  apply.  For  mortgage interest  paid,   acquisition  or  abandonment  of  secured  property,  cancellation  of debt,  contributions  to  an  individual  retirement  arrangement  (IRA),  and  generally,  payments   other  than  interest  and  dividends,  you  are  not  required  to  sign the  certification,  but  you  must provide  your  correct  TIN.  See  the  instructions for  Part  II, later. Sign   Here Signature of U.S.  person a General Instructions Section  references  are  to  the  Internal  Revenue  Code  unless  otherwise   noted. Future developments .  For  the latest  information  about  developments   related  to  Form  W - 9  and  its instructions, such  as  legislation  enacted   after they  were  published,  go  to www.irs.gov/FormW9. Purpose  of  Form An  individual  or entity  (Form  W - 9  requester)  who  is  required  to  file  an   information  return  with  the  IRS  must  obtain  your  correct  taxpayer   identification number  (TIN)  which  may  be  your social  security number   (SSN),  individual taxpayer  identification number  (ITIN),  adoption   taxpayer  identification number  (ATIN),  or  employer  identification number   (EIN),  to  report on  an  information  return the  amount  paid  to  you,  or  other  amount reportable on  an  information  return.  Examples  of  information   returns  include,  but  are  not  limited  to,  the following. • Form 1099 - INT  (interest earned  or paid) Cat. No. 10231X • Form  1099 - DIV  (dividends,  including those  from stocks  or mutual   funds) • Form 1099 - MISC  (various  types  of  income,  prizes,  awards,  or gross   proceeds) • Form  1099 - B  (stock  or mutual  fund  sales  and certain  other   transactions  by brokers) • Form 1099 - S (proceeds  from  real  estate transactions) • Form  1099 - K  (merchant  card  and  third  party  network transactions) • Form  1098  (home  mortgage  interest), 1098 - E  (student  loan interest),   1098 - T (tuition) • Form  1099 - C  (canceled debt) • Form  1099 - A (acquisition or abandonment  of  secured property) Use  Form  W - 9  only  if  you  are  a  U.S.  person (including  a  resident   alien),  to  provide  your  correct TIN. If you  do  not  return Form  W - 9  to  the  requester  with  a  TIN,  you  might   be subject  to  backup withholding.  See  What  is  backup  withholding,   later. Form  W - 9 (Rev.  10 - 2018) 3 3 – 1 0  0  7 3 9 3 1 Name  (as  shown on  your  income tax  return). Name is  required  on this  line;  do  not  leave  this  line blank. Predictive Oncology Inc. 2 Business  name/disregarded  entity  name,  if different from above 5 Address  (number,  street, and  apt. or  suite  no.)  See instructions. 2915 Commers Drive, Suite 900 6 City,  state, and  ZIP  code Eagan, MN 55124 7  List  account  number(s) here (optional) Date  a 04 - 20 - 2020

     

     

    

Form  W - 9   (Rev.  October  2018)   Department  of  the Treasury   Internal  Revenue Service Request  for  Taxpayer   Identification  Number  and Certification a Go  to  www.irs.gov/FormW9  for  instructions  and  the  latest  information. Give  Form  to the   requester.  Do not   send  to the IRS. Print  or type. See  Specific Instructions  on  page 3. 3  Check appropriate  box  for  federal  tax classification  of  the person whose  name is  entered  on  line  1.  Check  only  one  of  the   following  seven  boxes. Individual/sole  proprietor or   single - member LLC C Corporation S Corporation Partnership Trust/estate Limited  liability  company.  Enter  the  tax classification  (C=C  corporation,  S=S  corporation,  P=Partnership) a Note:  Check  the  appropriate  box  in  the  line  above  for  the  tax classification  of  the  single - member  owner.  Do  not check   LLC  if  the  LLC is  classified  as  a  single - member  LLC  that  is  disregarded  from  the owner  unless  the owner  of  the  LLC is   another  LLC  that  is  not  disregarded  from  the owner  for  U.S. federal  tax purposes.  Otherwise,  a  single - member  LLC  that   is  disregarded  from  the owner  should  check  the  appropriate  box  for  the  tax classification  of  its owner. Other  (see  instructions) a 4 Exemptions (codes apply only to certain entities, not individuals ; see instructions on page 3 ) : Exempt  payee  code  (if any) Exemption  from  FATCA  reporting   code  (if  any) (Applies  to  accounts  maintained  outside the U.S.) Requester’s  name  and address (optional) Part  I Taxpayer  Identification  Number (TIN) Enter  your  TIN  in  the  appropriate  box.  The TIN  provided must match  the  name given  on  line 1  to  avoid   backup  withholding.  For  individuals,  this  is generally  your social  security number  (SSN).  However,  for  a   resident  alien,  sole  proprietor, or disregarded entity,  see  the  instructions for  Part  I,  later.  For  other   entities,  it  is  your employer  identification number  (EIN).  If  you  do  not  have  a  number,  see  How  to  get a TIN, later. Note:  If  the  account  is in  more than  one name,  see  the  instructions for  line  1.  Also  see  What  Name  and   Number  To  Give  the  Requester  for  guidelines  on whose number  to enter. – Employer identification number – Part  II Certification Under penalties  of  perjury,  I  certify that: 1. The  number shown on this  form  is  my  correct  taxpayer  identification number  (or  I  am  waiting for  a  number  to  be  issued  to  me); and 2. I  am  not subject  to  backup withholding  because:  (a)  I  am  exempt  from backup  withholding, or  (b)  I  have  not  been  notified  by  the  Internal  Revenue   Service  (IRS)  that  I  am  subject  to  backup withholding  as  a  result  of  a  failure  to  report  all  interest  or dividends, or  (c)  the  IRS  has  notified  me  that  I  am   no  longer  subject  to  backup  withholding; and 3. I  am  a  U.S.  citizen  or other  U.S.  person  (defined below); and 4. The  FATCA  code(s)  entered  on this  form  (if  any)  indicating  that  I  am  exempt  from  FATCA  reporting  is correct. Certification  instructions.  You  must cross  out  item  2  above  if  you  have  been  notified by  the  IRS  that  you  are  currently  subject  to  backup withholding  because   you  have  failed  to  report  all  interest  and  dividends  on your  tax  return.  For real  estate  transactions, item  2  does  not  apply.  For  mortgage interest  paid,   acquisition  or  abandonment  of  secured  property,  cancellation  of debt,  contributions  to  an  individual  retirement  arrangement  (IRA),  and  generally,  payments   other  than  interest  and  dividends,  you  are  not  required  to  sign the  certification,  but  you  must provide  your  correct  TIN.  See  the  instructions for  Part  II, later. Sign   Here Signature of U.S.  person a General Instructions Section  references  are  to  the  Internal  Revenue  Code  unless  otherwise   noted. Future developments .  For  the latest  information  about  developments   related  to  Form  W - 9  and  its instructions, such  as  legislation  enacted   after they  were  published,  go  to www.irs.gov/FormW9. Purpose  of  Form An  individual  or entity  (Form  W - 9  requester)  who  is  required  to  file  an   information  return  with  the  IRS  must  obtain  your  correct  taxpayer   identification number  (TIN)  which  may  be  your social  security number   (SSN),  individual taxpayer  identification number  (ITIN),  adoption   taxpayer  identification number  (ATIN),  or  employer  identification number   (EIN),  to  report on  an  information  return the  amount  paid  to  you,  or  other  amount reportable on  an  information  return.  Examples  of  information   returns  include,  but  are  not  limited  to,  the following. • Form 1099 - INT  (interest earned  or paid) Cat. No. 10231X • Form  1099 - DIV  (dividends,  including those  from stocks  or mutual   funds) • Form 1099 - MISC  (various  types  of  income,  prizes,  awards,  or gross   proceeds) • Form  1099 - B  (stock  or mutual  fund  sales  and certain  other   transactions  by brokers) • Form 1099 - S (proceeds  from  real  estate transactions) • Form  1099 - K  (merchant  card  and  third  party  network transactions) • Form  1098  (home  mortgage  interest), 1098 - E  (student  loan interest),   1098 - T (tuition) • Form  1099 - C  (canceled debt) • Form  1099 - A (acquisition or abandonment  of  secured property) Use  Form  W - 9  only  if  you  are  a  U.S.  person (including  a  resident   alien),  to  provide  your  correct TIN. If you  do  not  return Form  W - 9  to  the  requester  with  a  TIN,  you  might   be subject  to  backup withholding.  See  What  is  backup  withholding,   later. Form  W - 9 (Rev.  10 - 2018) 1 Name  (as  shown on  your  income tax  return). Name is  required  on this  line;  do  not  leave  this  line blank. Robert Myers 2 Business  name/disregarded  entity  name,  if different from above 5 Address  (number,  street, and  apt. or  suite  no.)  See instructions. 8070 Upper 146th Street West 6 City,  state, and  ZIP  code Apple Valley, MN 55124 7  List  account  number(s) here (optional) Social security number  Date  a 04 - 20 - 2020

     

     

    

Form  W - 9   (Rev.  October  2018)   Department  of  the Treasury   Internal  Revenue Service Request  for  Taxpayer   Identification  Number  and Certification a Go  to  www.irs.gov/FormW9  for  instructions  and  the  latest  information. Give  Form  to the   requester.  Do not   send  to the IRS. Print  or type. See  Specific Instructions  on  page 3. 1 Name  (as  shown on  your  income tax  return). Name is  required  on this  line;  do  not  leave  this  line blank. 2 Business  name/disregarded  entity  name,  if different from above 3  Check appropriate  box  for  federal  tax classification  of  the person whose  name is  entered  on  line  1.  Check  only  one  of  the   following  seven  boxes. Individual/sole  proprietor or   single - member LLC C Corporation S Corporation Partnership Trust/estate Limited  liability  company.  Enter  the  tax classification  (C=C  corporation,  S=S  corporation,  P=Partnership) a Note:  Check  the  appropriate  box  in  the  line  above  for  the  tax classification  of  the  single - member  owner.  Do  not check   LLC  if  the  LLC is  classified  as  a  single - member  LLC  that  is  disregarded  from  the owner  unless  the owner  of  the  LLC is   another  LLC  that  is  not  disregarded  from  the owner  for  U.S. federal  tax purposes.  Otherwise,  a  single - member  LLC  that   is  disregarded  from  the owner  should  check  the  appropriate  box  for  the  tax classification  of  its owner. Other  (see  instructions) a 4 Exemptions (codes apply only to certain entities, not individuals ; see instructions on page 3 ) : Exempt  payee  code  (if any) Exemption  from  FATCA  reporting   code  (if  any) (Applies  to  accounts  maintained  outside the U.S.) 5 Address  (number,  street, and  apt. or  suite  no.) See instructions. Requester’s  name  and address (optional) 6 City,  state, and  ZIP  code 7 List  account  number(s) here  (optional) Part  I Taxpayer  Identification  Number  (TIN) Enter  your  TIN  in  the  appropriate  box.  The TIN  provided must match  the  name given  on  line 1  to  avoid   backup  withholding.  For  individuals,  this  is generally  your social  security number  (SSN).  However,  for  a   resident  alien,  sole  proprietor, or disregarded entity,  see  the  instructions for  Part  I,  later.  For  other   entities,  it  is  your employer  identification number  (EIN).  If  you  do  not  have  a  number,  see  How  to  get a TIN, later. Note:  If  the  account  is in  more than  one name,  see  the  instructions for  line  1.  Also  see  What  Name  and   Number  To  Give  the  Requester  for  guidelines  on whose number  to enter. Social security number – – or Employer identification number – Part  II Certification Under penalties  of  perjury,  I  certify that: 1. The  number shown on this  form  is  my  correct  taxpayer  identification number  (or  I  am  waiting for  a  number  to  be  issued  to  me); and 2. I  am  not subject  to  backup withholding  because:  (a)  I  am  exempt  from backup  withholding, or  (b)  I  have  not  been  notified  by  the  Internal  Revenue   Service  (IRS)  that  I  am  subject  to  backup withholding  as  a  result  of  a  failure  to  report  all  interest  or dividends, or  (c)  the  IRS  has  notified  me  that  I  am   no  longer  subject  to  backup  withholding; and 3. I  am  a  U.S.  citizen  or other  U.S.  person  (defined below); and 4. The  FATCA  code(s)  entered  on this  form  (if  any)  indicating  that  I  am  exempt  from  FATCA  reporting  is correct. Certification  instructions.  You  must cross  out  item  2  above  if  you  have  been  notified by  the  IRS  that  you  are  currently  subject  to  backup withholding  because   you  have  failed  to  report  all  interest  and  dividends  on your  tax  return.  For real  estate  transactions, item  2  does  not  apply.  For  mortgage interest  paid,   acquisition  or  abandonment  of  secured  property,  cancellation  of debt,  contributions  to  an  individual  retirement  arrangement  (IRA),  and  generally,  payments   other  than  interest  and  dividends,  you  are  not  required  to  sign the  certification,  but  you  must provide  your  correct  TIN.  See  the  instructions for  Part  II, later. Sign   Here Signature of U.S.  person a Date a General Instructions Section  references  are  to  the  Internal  Revenue  Code  unless  otherwise   noted. Future developments .  For  the latest  information  about  developments   related  to  Form  W - 9  and  its instructions, such  as  legislation  enacted   after they  were  published,  go  to www.irs.gov/FormW9. Purpose  of  Form An  individual  or entity  (Form  W - 9  requester)  who  is  required  to  file  an   information  return  with  the  IRS  must  obtain  your  correct  taxpayer   identification number  (TIN)  which  may  be  your social  security number   (SSN),  individual taxpayer  identification number  (ITIN),  adoption   taxpayer  identification number  (ATIN),  or  employer  identification number   (EIN),  to  report on  an  information  return the  amount  paid  to  you,  or  other  amount reportable on  an  information  return.  Examples  of  information   returns  include,  but  are  not  limited  to,  the following. • Form 1099 - INT  (interest earned  or paid) Cat. No. 10231X • Form  1099 - DIV  (dividends,  including those  from stocks  or mutual   funds) • Form 1099 - MISC  (various  types  of  income,  prizes,  awards,  or gross   proceeds) • Form  1099 - B  (stock  or mutual  fund  sales  and certain  other   transactions  by brokers) • Form 1099 - S (proceeds  from  real  estate transactions) • Form  1099 - K  (merchant  card  and  third  party  network transactions) • Form  1098  (home  mortgage  interest), 1098 - E  (student  loan interest),   1098 - T (tuition) • Form  1099 - C  (canceled debt) • Form  1099 - A (acquisition or abandonment  of  secured property) Use  Form  W - 9  only  if  you  are  a  U.S.  person (including  a  resident   alien),  to  provide  your  correct TIN. If you  do  not  return Form  W - 9  to  the  requester  with  a  TIN,  you  might   be subject  to  backup withholding.  See  What  is  backup  withholding,   later. Form  W - 9 (Rev.  10 - 2018)

     

     

    

CORPORATE  AUTHORIZATION RESOLUTION By : Name  and  Title  or Position Signature Facsimile Signature   (if used) A.  Bob Myers, Secretary and CFO X  X B.  X  X C.  X  X D.  X  X E.  X  X F.  X  X POWERS  GRANTED  (Attach  one  or more  Agents  to  each  power  by  placing the  letter  corresponding to  their name  in  the  area  before each  power.   Following  each  power  indicate the  number  of  Agent  signatures  required  to exercise  the power.) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) Indicate  A, B, C, Description  of Power   D,  E,  and/or F (1)  Exercise  all  of  the  powers  listed  in  this resolution. (2)  Open  any  deposit  or  share account(s)  in  the  name  of  the Corporation. Indicate  number  of   signatures required LIMITATIONS  ON  POWERS  The  following  are  the  Corporation's  express  limitations  on  the  powers  granted under  this resolution. Endorse checks and orders for the payment of money or otherwise withdraw or transfer funds on deposit  with  this  Financial Institution. Borrow  money  on behalf  and in  the  name  of  the  Corporation, sign, execute  and  deliver  promissory  notes   or  other  evidences  of indebtedness. Endorse,  assign,  transfer, mortgage  or pledge  bills receivable,  warehouse  receipts,  bills  of  lading, stocks,  bonds, real estate or other property now owned or hereafter owned or acquired by the Corporation as security  for  sums  borrowed,  and  to  discount  the  same, unconditionally  guarantee  payment  of  all  bills   received, negotiated or discounted and to waive demand, presentment, protest, notice of protest and notice  of non - payment. Enter  into  a  written  lease  for  the  purpose  of  renting, maintaining,  accessing  and  terminating  a  Safe   Deposit  Box  in  this  Financial Institution. Other . adopted  at  a  meeting  of  the  Board  of  Directors  of  the  Corporation duly  and  properly called  and  held  on   These resolutions appear in the minutes of this meeting and have not been rescinded or modified. AGENTS  Any Agent  listed  below,  subject to  any  written  limitations, is  authorized  to exercise  the  powers  granted  as  indicated  below: Park  State Bank 1108  Nicollet  Mall,  Suite 210 Minneapolis,  MN 55403 Predictive Oncology Inc. 04 - 20 - 2020 (date). Corporate  Authorization Wolters Kluwer  Financial  Services  - 1995,  1997, 2006 CA - 1  12/16/2006   VMPC158 (0612) Initials: Page  1  of 2 VMP , Bankers Systems * Referred  to  in  this document as "Financial Institution" Referred  to  in  this document as "Corporation" I,  Bob Myers ,  certify  that  I  am  Secretary  (clerk)  of the  above  named  corporation organized  under  the  laws  of Delaware ,  Federal  Employer  I.D. Number 33 - 1007393 ,  engaged in  business  under  the  trade name  of Predictive Oncology Inc. ,  and  that the  resolutions  on  this document  are a correct  copy  of  the  resolutions

     

     

    

 l If  checked,  the  Corporation is  a  non - profit  corporation. FOR  FINANCIAL  INSTITUTION  USE ONLY A c k n o w l e d g e d an d re c e i v e d o n (d a t e) b y ( i n i t ia l s ) l T h is r e s o l u ti o n is s u p e r s e d ed b y r e s o l u ti o n d a ted  .   Comments: RESOLUTIONS The Corporation named on this resolution resolves that, (1) The Financial Institution is designated as a depository for the funds of the Corporation and to provide other financial accommodations indicated in this resolution . (2) This resolution shall continue to have effect until express written notice of its rescission or modification has been received and recorded by the Financial Institution . Any and all prior resolutions adopted by the Board of Directors of the Corporation and certified to the Financial Institution as governing the operation of this corporation's account(s), are in full force and effect, until the Financial Institution receives and acknowledges an express written notice of its revocation, modification or replacement . Any revocation, modification or replacement of a resolution must be accompanied by documentation, satisfactory to the Financial Institution, establishing the authority for the changes . (3) The signature of an Agent on this resolution is conclusive evidence of their authority to act on behalf of the Corporation . Any Agent, so long as they act in a representative capacity as an Agent of the Corporation, is authorized to make any and all other contracts, agreements, stipulations and orders which they may deem advisable for the effective exercise of the powers indicated on page one, from time to time with the Financial Institution, subject to any restrictions on this resolution or otherwise agreed to in writing . (4) All transactions, if any, with respect to any deposits, withdrawals, rediscounts and borrowings by or on behalf of the Corporation with the Financial Institution prior to the adoption of this resolution are hereby ratified, approved and confirmed . (5) The Corporation agrees to the terms and conditions of any account agreement, properly opened by any Agent of the Corporation . The Corporation authorizes the Financial Institution, at any time, to charge the Corporation for all checks, drafts, or other orders, for the payment of money, that are drawn on the Financial Institution, so long as they contain the required number of signatures for this purpose . (6) The Corporation acknowledges and agrees that the Financial Institution may furnish at its discretion automated access devices to Agents of the Corporation to facilitate those powers authorized by this resolution or other resolutions in effect at the time of issuance . The term "automated access device" includes, but is not limited to, credit cards, automated teller machines (ATM), and debit cards . (7) The Corporation acknowledges and agrees that the Financial Institution may rely on alternative signature and verification codes issued to or obtained from the Agent named on this resolution . The term "alternative signature and verification codes" includes, but is not limited to, facsimile signatures on file with the Financial Institution, personal identification numbers (PIN), and digital signatures . If a facsimile signature specimen has been provided on this resolution, (or that are filed separately by the Corporation with the Financial Institution from time to time) the Financial Institution is authorized to treat the facsimile signature as the signature of the Agent(s) regardless of by whom or by what means the facsimile signature may have been affixed so long as it resembles the facsimile signature specimen on file . The Corporation authorizes each Agent to have custody of the Corporation's private key used to create a digital signature and to request issuance of a certificate listing the corresponding public key . The Financial Institution shall have no responsibility or liability for unauthorized use of alternative signature and verification codes unless otherwise agreed in writing . Pennsylvania . The designation of an Agent does not create a power of attorney ; therefore, Agents are not subject to the provisions of 20 Pa . C . S . A . Section 5601 et seq . (Chapter 56 ; Decedents, Estates and Fiduciaries Code) unless the agency was created by a separate power of attorney . Any provision that assigns Financial Institution rights to act on behalf of any person or entity is not subject to the provisions of 20 Pa . C . S . A . Section 5601 et seq . (Chapter 56 ; Decedents, Estates and Fiduciaries Code) . EFFECT ON PREVIOUS RESOLUTIONS This resolution supersedes resolution dated . If not completed, all resolutions remain in effect . CERTIFICATION OF AUTHORITY I further certify that the Board of Directors of the Corporation has, and at the time of adoption of this resolution had, full power and lawful authority to adopt the resolutions on page 2 and to confer the powers granted above to the persons named who have full power and lawful authority to exercise the same . (Apply seal below where appropriate . ) In  Witness  Whereof,  I  have  subscribed  my  name  to this document  and  affixed  the  seal   of  the  Corporation on   04 - 20 - 2020 (date). Attest  by  One Other Officer Secretary Corporate  Authorization Wolters Kluwer  Financial  Services  - 1995,  1997, 2006 CA - 1  12/16/2006   VMPC158 (0612) Initials: Page  2  of 2 VMP , Bankers Systems *Exhibit
10.17

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of April 27, 2020, by and between Quanta, Inc., a
Nevada corporation, with headquarters located at 3606 W. Magnolia Blvd., Burbank, CA 91505 (the “Company”), and certain
accredited investors set forth on the signature page below (each a “Buyer” and collectively the “Buyers”).

 

WHEREAS:

 

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

 

B.
Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement
one or more 10% convertible notes of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount
of up to US$341,000.00 with an original issue discount of ten percent (10%) (together with any note(s) issued in replacement thereof
or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the “Note”), convertible
into shares of common stock, $0.001 par value per share, of the Company (the “Common Stock”), upon the terms and subject
to the limitations and conditions set forth in such Note.

 

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

 

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

 

1.
PURCHASE AND SALE OF NOTE.

 

a.
Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyers and the Buyers
agree to, severally and not jointly, purchase from the Company such principal amount of Note as is set forth immediately below
each Buyer’s name on the signature pages hereto, subject to the express terms of the Note. In connection with the funding
of the Note, the Company shall issue to each Buyer, pro-rata according to the principal amount of the Note purchased, on the Closing
Date, as a commitment fee, a portion of 705,000 shares of restricted common stock (the “Commitment Shares”) as further
provided in the Note. The Commitment Shares shall be deemed earned in full as of the Closing Date.

 

    	 

     

    

 

b.
Form of Payment. On or around the Closing Date (as defined below), the Buyers shall pay the aggregate purchase price of
up to $310,000.00 (the “Purchase Price”) for the Note, by wire transfer of immediately available funds to Company’s
corporate counsel, in accordance with the Company’s written wiring instructions, against delivery of the Note and the Commitment
Shares, and (i) the Company shall deliver such duly executed Note and Commitment Shares on behalf of the Company, to the Buyers.

 

c.
Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 7 and Section
8 below, the date and time of the issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall
be 12:00 noon, Eastern Standard Time on or about April 28, 2020, or such other mutually agreed upon time. The closing of the transactions
contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to
by the parties.

 

2.
REPRESENTATIONS AND WARRANTIES OF THE BUYER. Each Buyer, for itself only, represents and warrants to the Company that:

 

a.
Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon
conversion of or otherwise pursuant to the Note (including, without limitation, such additional shares of Common Stock, if any,
as are issuable (i) at Closing as Commitment Shares, (ii) on account of interest on the Note (iii) as a result of the events described
in Sections 1.3 and 1.4(i) of the Note or (iv) in payment of the Standard Liquidated Damages Amount (as defined in Section 2(f)
below) pursuant to this Agreement, such shares of Common Stock being collectively referred to herein as the “Conversion
Shares” and, collectively with the Note, and Commitment Shares, the “Securities”) for its own account and not
with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration
under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the
Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance
with or pursuant to a registration statement or an exemption under the 1933 Act.

 

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

 

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

 

    	 

     

    

 

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

 

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

 

f.
Transfer or Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not being
registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the
Securities are sold pursuant to an effective registration statement under the 1933 Act, (b) the Buyer shall have delivered to
the Company, at the cost of the Company, an opinion of counsel that shall be in form, substance and scope customary for opinions
of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold or transferred pursuant
to an exemption from such registration, which opinion shall be accepted by the Company, (c) the Securities are sold or transferred
to an “affiliate” (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”))
of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(1) and who is an Accredited
Investor, (d) the Securities are sold pursuant to Rule 144, (e) the Securities are sold pursuant to Regulation S under the 1933
Act (or a successor rule) (“Regulation S”), and the Buyer shall have delivered to the Company, at the cost of the
Company, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate transactions,
which opinion shall be accepted by the Company; or (f) other exemption from registration under the 1933 Act; (ii) any sale of
such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule
is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through whom the sale
is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance with some other exemption
under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company nor any other person is under
any obligation to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions
of any exemption thereunder (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the
Securities may be pledged as collateral in connection with a bona fide margin account or other lending arrangement. In the event
that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant
to an exemption from registration, such as Rule 144 or Regulation S, within three (3) business days of delivery of the opinion
to the Company, the Company shall pay to the Buyer liquidated damages of five percent (5%) of the outstanding amount of the Note
per day plus accrued and unpaid interest on the Note, prorated for partial months, in cash or shares at the option of the Buyer
(“Standard Liquidated Damages Amount”). If the Buyer elects to be pay the Standard Liquidated Damages Amount in shares
of Common Stock, such shares shall be issued at the Conversion Price (as defined in the Note) at the time of payment.

 

    	 

     

    

 

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

 

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

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security
upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for
sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation
S without any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such
holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act,
which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities,
including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus
delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with
respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline,
it will be considered an Event of Default pursuant to Section 3.2 of the Note.

 

    	 

     

    

 

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

 

3.
REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents and warrants to the Buyers that:

 

a.
Organization and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly
organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power
and authority (corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now
owned, leased, used, operated and conducted. The Company and each of its Subsidiaries is duly qualified as a foreign corporation
to do business and is in good standing in every jurisdiction in which its ownership or use of property or the nature of the business
conducted by it makes such qualification necessary except where the failure to be so qualified or in good standing would not have
a Material Adverse Effect. “Material Adverse Effect” means any material adverse effect on the business, operations,
assets, financial condition or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions
contemplated hereby or by the agreements or instruments to be entered into in connection herewith. “Subsidiaries”
means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly,
any equity or other ownership interest.

 

b.
Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this
Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance
with the terms hereof and thereof, (ii)the execution and delivery of this Agreement, the Note by the Company and the consummation
by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance
of the Commitment Shares and the issuance and reservation of the Commitment Shares and Conversion Shares issuable upon conversion
or exercise thereof) have been duly authorized by the Company’s Board of Directors and no further consent or authorization
of the Company, its Board of Directors, or its shareholders is required, (iii) this Agreement has been duly executed and delivered
by the Company by its authorized representative, and such authorized representative is the true and official representative with
authority to sign this Agreement and the other documents executed in connection herewith and bind the Company accordingly, and
(iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each of such instruments will constitute,
a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms. The Company
is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority or other Person in connection with the execution,
delivery and performance by the Company of the transaction documents, other than: (i) the filing of Form D with the Commission,
and (ii) such filings as are required to be made under applicable state securities laws (collectively, the “Required Approvals”).

 

    	 

     

    

 

c.
Capitalization. As of the date hereof, the authorized capital stock of the Company, and shares issued and outstanding,
is as set forth in the Company’s most recent periodic report filed with the SEC. Except as disclosed in the SEC Documents,
no shares are reserved for issuance pursuant to the Company’s stock option plans, no shares are reserved for issuance pursuant
to securities (other than the Note) exercisable for, or convertible into or exchangeable for shares of Common Stock and 15,000,000
shares are reserved for issuance upon conversion of the Note. All of such outstanding shares of capital stock are, or upon issuance
will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are subject
to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances imposed through
the actions or failure to act of the Company. Except as disclosed in the SEC Documents, as of the effective date of this Agreement,
(i) there are no outstanding options, warrants, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements,
understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible
into or exchangeable for any shares of capital stock of the Company or any of its Subsidiaries, or arrangements by which the Company
or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries,
(ii) there are no agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale
of any of its or their securities under the 1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained
in any security issued by the Company (or in any agreement providing rights to security holders) that will be triggered by the
issuance of the Note, Commitment Shares, or the Conversion Shares. The Company has filed in its SEC Documents true and correct
copies of the Company’s Certificate of Incorporation as in effect on the date hereof (“Certificate of Incorporation”),
the Company’s By-laws, as in effect on the date hereof (the “By-laws”), and the terms of all securities convertible
into or exercisable for Common Stock of the Company and the material rights of the holders thereof in respect thereto.

 

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

 

    	 

     

    

 

e.
No Conflicts. The execution, delivery and performance of this Agreement and the Note by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Commitment
Shares and the issuance and reservation for issuance of the Conversion Shares) will not (i) conflict with or result in a violation
of any provision of the Certificate of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any
provision of, or constitute a default (or an event which with notice or lapse of time or both could become a default) under, or
give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent
license or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule,
regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations of any self-regulatory
organizations to which the Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which
any property or asset of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations,
amendments, accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse
Effect). Neither the Company nor any of its Subsidiaries is in violation of its Certificate of Incorporation, By-laws or other
organizational documents and neither the Company nor any of its Subsidiaries is in default (and no event has occurred which with
notice or lapse of time or both could put the Company or any of its Subsidiaries in default) under, and neither the Company nor
any of its Subsidiaries has taken any action or failed to take any action that would give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its Subsidiaries
is a party or by which any property or assets of the Company or any of its Subsidiaries is bound or affected, except for possible
defaults as would not, individually or in the aggregate, have a Material Adverse Effect. The businesses of the Company and its
Subsidiaries, if any, are not being conducted, and shall not be conducted so long as the Buyer owns any of the Securities, in
violation of any law, ordinance or regulation of any governmental entity. Except as specifically contemplated by this Agreement
and as required under the 1933 Act and any applicable state securities laws, the Company is not required to obtain any consent,
authorization or order of, or make any filing or registration with, any court, governmental agency, regulatory agency, self-regulatory
organization or stock market or any third party in order for it to execute, deliver or perform any of its obligations under this
Agreement, the Note in accordance with the terms hereof or thereof or to issue and sell the Note in accordance with the terms
hereof and to issue the Commitment Shares and Conversion Shares upon conversion of the Note. All consents, authorizations, orders,
filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected
on or prior to the date hereof. The Company is not in violation of the listing requirements of the Over-the-Counter Bulletin Board
(the “OTCBB”), the OTCQB or any similar quotation system, and does not reasonably anticipate that the Common Stock
will be delisted by the OTCBB, the OTCQB or any similar quotation system, in the foreseeable future nor are the Company’s
securities “chilled” by DTC. The Company and its Subsidiaries are unaware of any facts or circumstances which might
give rise to any of the foregoing.

 

    	 

     

    

 

f.
SEC Documents: Financial Statements. The Company has timely filed all reports, schedules, forms, statements and other documents
required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended
(the “1934 Act”) (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial
statements and schedules thereto and documents (other than exhibits to such documents) incorporated by reference therein, being
hereinafter referred to herein as the (“SEC Documents” provided no document filed within three (3) days prior to Closing
shall be included in the definition of SEC Documents). The Company has delivered to the Buyer true and complete copies of the
SEC Documents, except for such exhibits and incorporated documents. As of their respective dates, the SEC Documents complied in
all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated thereunder applicable
to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading. None of the statements made in any such SEC
Documents is, or has been, required to be amended or updated under applicable law (except for such statements as have been amended
or updated in subsequent filings prior the date hereof). As of their respective dates, the financial statements of the Company
included in the SEC Documents complied as to form in all material respects with applicable accounting requirements and the published
rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with United
States generally accepted accounting principles, consistently applied, during the periods involved and fairly present in all material
respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the
consolidated results of their operations and cash flows for the periods then ended (subject, in the case of unaudited statements,
to normal year-end audit adjustments). Except as set forth in the financial statements of the Company included in the SEC Documents,
the Company has no liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business
subsequent to June 30, 2019, and (ii) obligations under contracts and commitments incurred in the ordinary course of business
and not required under generally accepted accounting principles to be reflected in such financial statements, which, individually
or in the aggregate, are not material to the financial condition or operating results of the Company. The Company is subject to
the reporting requirements of the 1934 Act. For the avoidance of doubt, filing of the documents required in this Section 3(g)
via the SEC’s Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) shall satisfy all delivery
requirements of this Section 3(g).

 

g.
Absence of Certain Changes. Since April 21, 2020, there has been no material adverse change and no material adverse development
in the assets, liabilities, business, properties, operations, financial condition, results of operations, prospects or 1934 Act
reporting status of the Company or any of its Subsidiaries.

 

    	 

     

    

 

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

 

i.
Patents, Copyrights, etc. The Company and each of its Subsidiaries owns or possesses the requisite licenses or rights to
use all patents, patent applications, patent rights, inventions, know-how, trade secrets, trademarks, trademark applications,
service marks, service names, trade names and copyrights (“Intellectual Property”) necessary to enable it to conduct
its business as now operated (and, as presently contemplated to be operated in the future). Except as disclosed in the SEC Documents,
there is no claim or action by any person pertaining to, or proceeding pending, or to the Company’s knowledge threatened,
which challenges the right of the Company or of a Subsidiary with respect to any Intellectual Property necessary to enable it
to conduct its business as now operated (and, as presently contemplated to be operated in the future); to the best of the Company’s
knowledge, the Company’s or its Subsidiaries’ current and intended products, services and processes do not infringe
on any Intellectual Property or other rights held by any person; and the Company is unaware of any facts or circumstances which
might give rise to any of the foregoing. The Company and each of its Subsidiaries have taken reasonable security measures to protect
the secrecy, confidentiality and value of their Intellectual Property.

 

j.
No Materially Adverse Contracts, Etc. Neither the Company nor any of its Subsidiaries is subject to any charter, corporate
or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers
has or is expected in the future to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries is a party
to any contract or agreement which in the judgment of the Company’s officers has or is expected to have a Material Adverse
Effect.

 

k.
Tax Status. The Company and each of its Subsidiaries has made or filed all federal, state and foreign income and all other
tax returns, reports and declarations required by any jurisdiction to which it is subject (unless and only to the extent that
the Company and each of its Subsidiaries has set aside on its books provisions reasonably adequate for the payment of all unpaid
and unreported taxes) and has paid all taxes and other governmental assessments and charges that are material in amount, shown
or determined to be due on such returns, reports and declarations, except those being contested in good faith and has set aside
on its books provisions reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns,
reports or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any
jurisdiction, and the officers of the Company know of no basis for any such claim. The Company has not executed a waiver with
respect to the statute of limitations relating to the assessment or collection of any foreign, federal, state or local tax. None
of the Company’s tax returns is presently being audited by any taxing authority.

 

    	 

     

    

 

l.
Certain Transactions. Except for arm’s length transactions pursuant to which the Company or any of its Subsidiaries
makes payments in the ordinary course of business upon terms no less favorable than the Company or any of its Subsidiaries could
obtain from third parties and other than the grant of stock options disclosed on Schedule 3(c), none of the officers, directors,
or employees of the Company is presently a party to any transaction with the Company or any of its Subsidiaries (other than for
services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing
of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from
any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership, trust or other entity
in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner.

 

m.
Disclosure. All information relating to or concerning the Company or any of its Subsidiaries set forth in this Agreement
and provided to the Buyer pursuant to Section 2(d) hereof and otherwise in connection with the transactions contemplated hereby
is true and correct in all material respects and the Company has not omitted to state any material fact necessary in order to
make the statements made herein or therein, in light of the circumstances under which they were made, not misleading. No event
or circumstance has occurred or exists with respect to the Company or any of its Subsidiaries or its or their business, properties,
prospects, operations or financial conditions, which, under applicable law, rule or regulation, requires public disclosure or
announcement by the Company but which has not been so publicly announced or disclosed (assuming for this purpose that the Company’s
reports filed under the 1934 Act are being incorporated into an effective registration statement filed by the Company under the
1933 Act).

 

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

 

    	 

     

    

 

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

 

p.
No Brokers. The Company hereby represents and warrants that it has not hired, retained or dealt with any broker, finder,
consultant, person, firm or corporation in connection with the negotiation, execution or delivery of this Agreement or the transactions
contemplated hereunder. The Company covenants and agrees that should any claim be made against Purchaser for any commission or
other compensation by any broker, finder, person, firm or corporation, including without limitation, the Broker, based upon the
Company’s engagement of such person in connection with this transaction, the Company shall indemnify, defend and hold Purchaser
harmless from and against any and all damages, expenses (including attorneys’ fees and disbursements) and liability arising
from such claim. The Company shall pay the commission of the Broker, to the attention of the Broker, pursuant to their separate
agreement(s) between the Company and the Broker.

 

q.
Permits; Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations,
licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and
operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”),
and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of
the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of
the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect. Since June 30, 2019, neither the Company nor any of its Subsidiaries
has received any notification with respect to possible conflicts, defaults or violations of applicable laws, except for notices
relating to possible conflicts, defaults or violations, which conflicts, defaults or violations would not have a Material Adverse
Effect.

 

    	 

     

    

 

r.
Environmental Matters.

 

(i)
There are, to the Company’s knowledge, with respect to the Company or any of its Subsidiaries or any predecessor of the
Company, no past or present violations of Environmental Laws (as defined below), releases of any material into the environment,
actions, activities, circumstances, conditions, events, incidents, or contractual obligations which may give rise to any common
law environmental liability or any liability under the Comprehensive Environmental Response, Compensation and Liability Act of
1980 or similar federal, state, local or foreign laws and neither the Company nor any of its Subsidiaries has received any notice
with respect to any of the foregoing, nor is any action pending or, to the Company’s knowledge, threatened in connection
with any of the foregoing. The term “Environmental Laws” means all federal, state, local or foreign laws relating
to pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, groundwater,
land surface or subsurface strata), including, without limitation, laws relating to emissions, discharges, releases or threatened
releases of chemicals, pollutants contaminants, or toxic or hazardous substances or wastes (collectively, “Hazardous Materials”)
into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport
or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands or demand letters, injunctions, judgments,
licenses, notices or notice letters, orders, permits, plans or regulations issued, entered, promulgated or approved thereunder.

 

(ii)
Other than those that are or were stored, used or disposed of in compliance with applicable law, no Hazardous Materials are contained
on or about any real property currently owned, leased or used by the Company or any of its Subsidiaries, and no Hazardous Materials
were released on or about any real property previously owned, leased or used by the Company or any of its Subsidiaries during
the period the property was owned, leased or used by the Company or any of its Subsidiaries, except in the normal course of the
Company’s or any of its Subsidiaries’ business.

 

(iii)
There are no underground storage tanks on or under any real property owned, leased or used by the Company or any of its Subsidiaries
that are not in compliance with applicable law.

 

s.
Title to Property. Except as disclosed in the SEC Documents the Company and its Subsidiaries have good and marketable title
in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the
business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects or such as would
not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are
held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

 

t.
Internal Accounting Controls. Except as disclosed in the SEC Documents the Company and each of its Subsidiaries maintain
a system of internal accounting controls sufficient, in the judgment of the Company’s board of directors, to provide reasonable
assurance that (1) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions
are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles
and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or
specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals
and appropriate action is taken with respect to any differences.

 

    	 

     

    

 

u.
Foreign Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director, officer, agent, employee
or other person acting on behalf of the Company or any Subsidiary has, in the course of his actions for, or on behalf of, the
Company, used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political
activity; made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate
funds; violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or made any
bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or
employee.

 

v.
Solvency. The Company (after giving effect to the transactions contemplated by this Agreement) is solvent (i.e., its assets
have a fair market value in excess of the amount required to pay its probable liabilities on its existing debts as they become
absolute and matured) and currently the Company has no information that would lead it to reasonably conclude that the Company
would not, after giving effect to the transaction contemplated by this Agreement, have the ability to, nor does it intend to take
any action that would impair its ability to, pay its debts from time to time incurred in connection therewith as such debts mature.
The Company did not receive a qualified opinion from its auditors with respect to its most recent fiscal year end and, after giving
effect to the transactions contemplated by this Agreement, does not anticipate or know of any basis upon which its auditors might
issue a qualified opinion in respect of its current fiscal year. For the avoidance of doubt any disclosure of the Borrower’s
ability to continue as a “going concern” shall not, by itself, be a violation of this Section 3(w).

 

w.
No Investment Company. The Company is not, and upon the issuance and sale of the Securities as contemplated by this Agreement
will not be an “investment company” required to be registered under the Investment Company Act of 1940 (an “Investment
Company”). The Company is not controlled by an Investment Company.

 

x.
Insurance. The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against
such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses
in which the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has any reason to believe that
it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from
similar insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect. Upon written
request the Company will provide to the Buyer true and correct copies of all policies relating to directors’ and officers’
liability coverage, errors and omissions coverage, and commercial general liability coverage.

 

    	 

     

    

 

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

 

z. Shell
Status. The Company represents that it is not a “shell” issuer and has never been a “shell”
issuer, or that if it previously has been a “shell” issuer as of the merger that occurred on June 6, 2018 (the
“Merger”), it is no longer a “shell” issuer. Additionally, the Form 10 type information that would
have been required if the Company was a “shell” issuer prior to the Merger was filed in the form 8-K filed with
the Commission on December 21, 2018. Further, the Company will instruct its counsel to either (i) write a 144 3(a)(9) opinion
to allow for salability of the Commitment Shares and/or Conversion Shares or (ii) accept such opinion from Holder’s
counsel.

 

aa.
No-Off Balance Sheet Arrangements. There is no transaction, arrangement, or other relationship between the Company or any
of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in
its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

 

bb.
Manipulation of Price. The Company has not, and to its knowledge no one acting on its behalf has: (i) taken, directly or
indirectly, any action designed to cause or to result, or that could reasonably be expected to cause or result, in the stabilization
or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Securities, (ii) sold,
bid for, purchased, or paid any compensation for soliciting purchases of, any of the Securities, or (iii) paid or agreed to pay
to any person any compensation for soliciting another to purchase any other securities of the Company.

 

cc.
Sarbanes-Oxley Act. The Company and each Subsidiary is in material compliance with all applicable requirements of the Sarbanes-Oxley
Act of 2002 that are effective as of the date hereof, and all applicable rules and regulations promulgated by the SEC thereunder
that are effective as of the date hereof.

 

dd.
Employee Relations. Neither the Company nor any of its Subsidiaries is a party to any collective bargaining agreement or
employs any member of a union. The Company believes that its and its Subsidiaries’ relations with their respective employees
are good. No executive officer (as defined in Rule 501(f) promulgated under the 1933 Act) or other key employee of the Company
or any of its Subsidiaries has notified the Company or any such Subsidiary that such officer intends to leave the Company or any
such Subsidiary or otherwise terminate such officer’s employment with the Company or any such Subsidiary. To the knowledge
of the Company, no executive officer or other key employee of the Company or any of its Subsidiaries is, or is now expected to
be, in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement,
non-competition agreement, or any other contract or agreement or any restrictive covenant, and the continued employment of each
such executive officer or other key employee (as the case may be) does not subject the Company or any of its Subsidiaries to any
liability with respect to any of the foregoing matters. The Company and its Subsidiaries are in compliance with all federal, state,
local and foreign laws and regulations respecting labor, employment and employment practices and benefits, terms and conditions
of employment and wages and hours, except where failure to be in compliance would not, either individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect.

 

    	 

     

    

 

ee.
Due Diligence Questionnaire. The Company hereby represents and warrants to Buyer that all of the information furnished
by the Company to Holder on or around the date hereof, pursuant to the due diligence questionnaire form requested by Holder, is
true and correct in all material respects as of the date hereof.

 

ff.
Breach of Representations and Warranties by the Company. The Company agrees that if the Company breaches any of the representations
or warranties set forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement
and it being considered an Event of Default under Section 3.5 of the Note, the Company shall pay to the Buyer the Standard Liquidated
Damages Amount in cash or in shares of Common Stock at the option of the Company, until such breach is cured. If the Company elects
to pay the Standard Liquidated Damages Amounts in shares of Common Stock, such shares shall be issued at the Conversion Price
at the time of payment.

 

4.
COVENANTS.

 

a.
Best Efforts. The parties shall use their commercially reasonable best efforts to satisfy timely each of the conditions
described in Section 7 and 8 of this Agreement.

 

b.
Form D; Blue Sky Laws. The Company agrees to file a Form D with respect to the Securities as required under Regulation
D and to provide a copy thereof to the Buyer promptly after such filing. The Company shall, on or before the Closing Date, take
such action as the Company shall reasonably determine is necessary to qualify the Securities for sale to the Buyer at the applicable
closing pursuant to this Agreement under applicable securities or “blue sky” laws of the states of the United States
(or to obtain an exemption from such qualification), and shall provide evidence of any such action so taken to the Buyer on or
prior to the Closing Date.

 

c.
Use of Proceeds. The Company shall use the proceeds from the sale of the Note first for the full repayment of the entire
convertible promissory note issued by the Company on or around October 29, 2019 in the principal amount of approximately $282,000.00,
and second for working capital and other general corporate purposes and shall not, directly or indirectly, use such proceeds for
any loan to or investment in any other corporation, partnership, enterprise or other person (except in connection with its currently
existing direct or indirect Subsidiaries).

 

    	 

     

    

 

d.
Notice of Subsequent Transaction. While any amount remains outstanding under the Note, the Company shall, prior to the
closing of any debt and / or equity financing (including debt with an equity component) (“Future Offering”), provide
written notice to the Buyer describing the proposed Future Offering, including the terms and conditions thereof. In the event
the terms and conditions of a proposed Future Offering are amended in any respect after delivery of the notice to the Buyer concerning
the proposed Future Offering, the Company shall deliver a new notice to the Buyer describing the amended terms and conditions
of the proposed Future Offering. The foregoing sentence shall apply to successive amendments to the terms and conditions of any
proposed Future Offering.

 

e.
Expenses. The Company shall reimburse Buyer for any and all expenses incurred by them in connection with the negotiation,
preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith
(“Documents”), including, without limitation, $10,000.00 in attorneys’ fees, reasonable consultants’ fees
and expenses, transfer agent fees, fees for stock quotation services, fees relating to any amendments or modifications of the
Documents or any consents or waivers of provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees,
and costs of restructuring the transactions contemplated by the Documents. When possible, the Company must pay these fees directly,
including, but not limited to, any and all wire fees, otherwise the Company must make immediate payment for reimbursement to the
Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice by the Buyer.

 

f.
Financial Information. The Company agrees to send or make available the following reports to the Buyer until the Buyer
transfers, assigns, or sells all of the Securities: (i) within ten (10) days after the filing with the SEC, a copy of its Annual
Report on Form 10-K its Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K; (ii) within one (1) day after release,
copies of all press releases issued by the Company or any of its Subsidiaries; and (iii) contemporaneously with the making available
or giving to the shareholders of the Company, copies of any notices or other information the Company makes available or gives
to such shareholders. For the avoidance of doubt, filing the documents required in (i) above via EDGAR or releasing any documents
set forth in (ii) above via a recognized wire service shall satisfy the delivery requirements of this Section 4(f).

 

g.
Listing. The Company shall promptly secure the listing of the Commitment Shares and Conversion Shares upon each national
securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official
notice of issuance) and, so long as the Buyer owns any of the Securities, shall maintain, so long as any other shares of Common
Stock shall be so listed, such listing of all Commitment Shares and Conversion Shares from time to time issuable upon conversion
of the Note. The Company will obtain and, so long as the Buyer owns any of the Securities, maintain the listing and trading of
its Common Stock on the OTCBB, OTCQB or any equivalent replacement exchange, the Nasdaq National Market (“Nasdaq”),
the Nasdaq SmallCap Market (“Nasdaq SmallCap”), the New York Stock Exchange (“NYSE”), or the NYSE MKT
and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of
the Financial Industry Regulatory Authority (“FINRA”) and such exchanges, as applicable. The Company shall promptly
provide to the Buyer copies of any material notices it receives from the OTCBB, OTCQB and any other exchanges or quotation systems
on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such exchanges
and quotation systems. The Company shall pay any and all fees and expenses in connection with satisfying its obligation under
this Section 4(g).

 

    	 

     

    

 

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

 

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

 

j.
Failure to Comply with the 1934 Act. So long as the Buyer beneficially owns the Note, the Company shall comply with the
reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934
Act.

 

k.
Trading Activities. Neither the Buyer nor its affiliates has an open short position (or other hedging or similar transactions)
in the common stock of the Company and the Buyer agree that it shall not, and that it will cause its affiliates not to, engage
in any short sales of or hedging transactions with respect to the common stock of the Company.

 

l.
Restriction on Activities. Commencing as of the date first above written, and until the sooner of the six month anniversary
of the date first written above or payment of the Note in full, or full conversion of the Note, the Company shall not, directly
or indirectly, without the Buyer’s prior written consent, which consent shall not be unreasonably withheld: (a) change the
nature of its business; (b) sell, divest, acquire, change the structure of any material assets other than in the ordinary course
of business; or (c) solicit any offers for, respond to any unsolicited offers for, or conduct any negotiations with any other
person or entity in respect of any variable rate debt transactions (i.e., transactions were the conversion or exercise price of
the security issued by the Company varies based on the market price of the Common Stock), whether a transaction similar to the
one contemplated hereby or any other investment; or (d) file any registration statements with the SEC.

 

    	 

     

    

 

m.
Legal Counsel Opinions. Upon the request of the Buyer from to time to time, the Company shall be responsible (at its cost)
for promptly supplying to the Company’s transfer agent and the Buyer a customary legal opinion letter of its counsel (the
“Legal Counsel Opinion”) to the effect that the sale of Commitment Shares and Conversion Shares by the Buyer or its
affiliates, successors and assigns is exempt from the registration requirements of the 1933 Act pursuant to Rule 144 (provided
the requirements of Rule 144 are satisfied and provided the Commitment Shares and Conversion Shares are not then registered under
the 1933 Act for resale pursuant to an effective registration statement). Should the Company’s legal counsel fail for any
reason to issue the Legal Counsel Opinion, the Buyer may (at the Company’s cost) secure another legal counsel to issue the
Legal Counsel Opinion, and the Company will instruct its transfer agent to accept such opinion.

 

n.
[Intentionally Omitted]

 

o.
Breach of Covenants. The Company agrees that if the Company breaches any of the covenants set forth in this Section 4,
and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of Default
under the Note, the Company shall pay to the Buyer the Standard Liquidated Damages Amount in cash or in shares of Common Stock
at the option of the Buyer, until such breach is cured, or with respect to Section 4(d) above, the Company shall pay to the Buyer
the Standard Liquidated Damages Amount in cash or shares of Common Stock, at the option of the Buyer, upon each violation of such
provision. If the Company elects to pay the Standard Liquidated Damages Amounts in shares of Common Stock, such shares shall be
issued at the Conversion Price at the time of payment.

 

5.
[Intentionally Omitted]

 

    	 

     

    

 

6.
Transfer Agent Instructions. The Company shall issue irrevocable instructions to its transfer agent to issue certificates,
registered in the name of the Buyer or its nominee, for the Commitment Shares and Conversion Shares in such amounts as specified
from time to time by the Buyer to the Company upon conversion of the Note in accordance with the terms thereof (the “Irrevocable
Transfer Agent Instructions”). In the event that the Borrower proposes to replace its transfer agent, the Borrower shall
provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as
initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares
of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower. Prior to registration
of the Commitment Shares and Conversion Shares under the 1933 Act or the date on which the Commitment Shares and Conversion Shares
may be sold pursuant to Rule 144 without any restriction as to the number of Securities as of a particular date that can then
be immediately sold, all such certificates shall bear the restrictive legend specified in Section 2(g) of this Agreement. The
Company warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section,
and stop transfer instructions to give effect to Section 2(f) hereof (in the case of the Commitment Shares and Conversion Shares,
prior to registration of the Commitment Shares and Conversion Shares under the 1933 Act or the date on which the Commitment Shares
and Conversion Shares may be sold pursuant to Rule 144 without any restriction as to the number of Securities as of a particular
date that can then be immediately sold), will be given by the Company to its transfer agent and that the Securities shall otherwise
be freely transferable on the books and records of the Company as and to the extent provided in this Agreement and the Note; (ii)
it will not direct its transfer agent not to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)(electronically
or in certificated form) any certificate for Commitment Shares and Conversion Shares to be issued to the Buyer upon conversion
of or otherwise pursuant to the Note as and when required by the Note and this Agreement; and (ill) it will not fail to remove
(or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive
legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any Commitment Shares and Conversion
Shares issued to the Buyer upon conversion of or otherwise pursuant to the Note as and when required by the Note and this Agreement.
Nothing in this Section shall affect in any way the Buyer’s obligations and agreement set forth in Section 2(g) hereof to
comply with all applicable prospectus delivery requirements, if any, upon re-sale of the Securities. If the Buyer provides the
Company, at the cost of the Company, with (i) an opinion of counsel in form, substance and scope customary for opinions in comparable
transactions, to the effect that a public sale or transfer of such Securities may be made without registration under the 1933
Act and such sale or transfer is effected or (ii) the Buyer provides reasonable assurances that the Securities can be sold pursuant
to Rule 144, the Company shall permit the transfer, and, in the case of the Commitment Shares and Conversion Shares, promptly
instruct its transfer agent to issue one or more certificates, free from restrictive legend, in such name and in such denominations
as specified by the Buyer. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm
to the Buyer, by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly, the Company acknowledges
that the remedy at law for a breach of its obligations under this Section may be inadequate and agrees, in the event of a breach
or threatened breach by the Company of the provisions of this Section, that the Buyer shall be entitled, in addition to all other
available remedies, to an injunction restraining any breach and requiring immediate transfer, without the necessity of showing
economic loss and without any bond or other security being required.

 

    	 

     

    

 

7.
CONDITIONS PRECEDENT TO THE COMPANY’S OBLIGATIONS TO SELL. The obligation of the Company hereunder to issue and sell
the Note and the Commitment Shares to the Buyers at the Closing is subject to the satisfaction, at or before the Closing Date
of each of the following conditions thereto, provided that these conditions are for the Company’s sole benefit and may be
waived by the Company at any time in its sole discretion:

 

a.
Each Buyer shall have executed this Agreement and delivered the same to the Company.

 

b.
The Buyers shall have delivered the Purchase Price in accordance with Section 1(b) above.

 

c.
The representations and warranties of the Buyer shall be true and correct in all material respects as of the date when made and
as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date),
and the Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Buyer at or prior to the Closing Date.

 

d.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this
Agreement.

 

8.
CONDITIONS PRECEDENT TO EACH BUYER’S OBLIGATION TO PURCHASE. The obligation of each Buyer hereunder to purchase the
Note and the Commitment Shares at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following
conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in
its sole discretion:

 

a.
The Company shall have executed this Agreement and delivered the same to the Buyer.

 

b.
The Company shall have delivered to the Buyer the duly executed Note (in such denominations as the Buyer shall request) and the
Commitment Shares in accordance with Section 1(b) above.

 

c.
The Company shall deliver an Officer’s Certificate with a copy of the board resolution consenting to the transactions contemplated
herein.

 

d.
The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to a majority-in-interest of the Buyer, shall
have been delivered to and acknowledged in writing by the Company’s Transfer Agent.

 

    	 

     

    

 

e.
The representations and warranties of the Company shall be true and correct in all material respects as of the date when made
and as of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific
date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date.
The Buyer shall have received a certificate or certificates, executed by the chief executive officer of the Company, dated as
of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer including,
but not limited to certificates with respect to the Company’s Certificate of Incorporation, By-laws and Board of Directors’
resolutions relating to the transactions contemplated hereby.

 

f.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this
Agreement.

 

g.
No event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but
not limited to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934
Act reporting obligations.

 

h.
The Commitment Shares and Conversion Shares shall have been authorized for quotation on the OTCBB, OTCQB or any similar quotation
system and trading in the Common Stock on the OTCBB, OTCQB or any similar quotation system shall not have been suspended by the
SEC or the OTCBB, OTCQB or any similar quotation system.

 

i.
The Buyer shall have received an officer’s certificate described in Section 3(c) above, dated as of the Closing Date.

 

j.
The Buyer shall have received the amount of Commitment Shares, issued as of the Closing Date.

 

    	 

     

    

 

9.
GOVERNING LAW; MISCELLANEOUS.

 

a.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Agreement, the Note or any other agreement, certificate, instrument or document contemplated hereby shall be brought only
in the state courts or federal courts located in the State of New York. The parties to this Agreement hereby irrevocably waive
any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction
or venue or based upon forum non conveniens. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES
NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR UNDER ANY OTHER TRANSACTION DOCUMENT OR IN CONNECTION
WITH OR ARISING OUT OF THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. The
prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event
that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under
any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith
and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably
waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this
Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any other manner permitted by law.

 

b.
Removal of Restrictive Legends. In the event that Purchaser has any shares of the Company’s Common Stock bearing
any restrictive legends, and Purchaser, through its counsel or other representatives, submits to the Transfer Agent any such shares
for the removal of the restrictive legends thereon in connection with a sale of such shares pursuant to any exemption to the registration
requirements under the Securities Act, and the Company and or its counsel refuses or fails for any reason (except to the extent
that such refusal or failure is based solely on applicable law that would prevent the removal of such restrictive legends) to
render an opinion of counsel or any other documents or certificates required for the removal of the restrictive legends, then
the Company hereby agrees and acknowledges that the Purchaser is hereby irrevocably and expressly authorized to have counsel to
the Purchaser render any and all opinions and other certificates or instruments which may be required for purposes of removing
such restrictive legends, and the Company hereby irrevocably authorizes and directs the Transfer Agent to, without any further
confirmation or instructions from the Company, issue any such shares without restrictive legends as instructed by the Purchaser,
and surrender to a common carrier for overnight delivery to the address as specified by the Purchaser, certificates, registered
in the name of the Purchaser or its designees, representing the shares of Common Stock to which the Purchaser is entitled, without
any restrictive legends and otherwise freely transferable on the books and records of the Company.

 

    	 

     

    

 

c.
Filing Requirements. From the date of this Agreement until the Notes are no longer outstanding, the Company will timely
and voluntarily comply with all reporting requirements that are applicable to an issuer with a class of shares registered pursuant
to Section 12(g) of the 1934 Act, whether or not the Company is then subject to such reporting requirements, and comply with all
requirements related to any registration statement filed pursuant to this Agreement. The Company will use reasonable efforts not
to take any action or file any document (whether or not permitted by the 1933 Act or the 1934 Act or the rules thereunder) to
terminate or suspend such registration or to terminate or suspend its reporting and filing obligations under said acts until the
Notes are no longer outstanding. The Company will maintain the quotation or listing of its Common Stock on the OTCBB, OTCQB, and
OTC Pink, NYSE, or NASDAQ Stock Market (whichever of the foregoing is at the time the principal trading exchange or market for
the Common Stock (the “Principal Market”), and will comply in all respects with the Company’s reporting, filing
and other obligations under the bylaws or rules of the Principal Market, as applicable. The Company will provide Purchaser with
copies of all notices it receives notifying the Company of the threatened and actual delisting of the Common Stock from any Principal
Market. As of the date of this Agreement and the Closing Date, the OTC Pink, is the Principal Market. Until the Note is no longer
outstanding, the Company will continue the listing or quotation of the Common Stock on a Principal Market and will comply in all
respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market.

 

d.
144 Default. In the event commencing six (6) months after the Closing Date and ending twenty-four (24) months thereafter,
the Purchaser is not permitted to resell any of the Commitment Shares or Conversion Shares without any restrictive legend or if
such sales are permitted but subject to volume limitations or further restrictions on resale as a result of the unavailability
to Subscriber of Rule 144(b)(1)(i) under the 1933 Act or any successor rule (a “144 Default”), for any reason except
for Purchasers’ status as an Affiliate or “control person” of the Company, or as a result of a change in current
applicable securities laws, then the Company shall pay such Purchaser as liquidated damages and not as a penalty an amount equal
to two percent (2%) of the value of the Commitment Shares and/ or Conversion Shares (based on the closing sale of the Common Stock)
subject to such 144 Default during the pendency of the 144 Default of each thirty day period thereafter (or portion thereof).

 

e.
Usury. To the extent it may lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever
claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, usury laws wherever enacted, now
or at any time hereafter in force, in connection with any claim, action or proceeding that may be brought by the Purchaser in
order to enforce any right or remedy under the Note. Notwithstanding any provision to the contrary contained in herein or under
the Note, it is expressly agreed and provided that the total liability of the Company under the Note for payments in the nature
of interest shall not exceed the maximum lawful rate authorized under applicable law (the ‘Maximum Rate”), and, without
limiting the foregoing, in no event shall any rate of interest or default interest, or both of them, when aggregated with any
other sums in the nature of interest that the Company may be obligated to pay under the Note or herein exceed such Maximum Rate.
It is agreed that if the maximum contract rate of interest allowed by law and applicable to the Note is increased or decreased
by statute or any official governmental action subsequent to the date hereof, the new maximum contract rate of interest allowed
by law will be the Maximum Rate applicable to the Note from the effective date forward, unless such application is precluded by
applicable law. If under any circumstances whatsoever, interest in excess of the Maximum Rate is paid by the Company to the Purchaser
with respect to indebtedness evidenced by the Note, such excess shall be applied by the Purchaser to the unpaid principal balance
of any such indebtedness or be refunded to the Company, the manner of handling such excess to be at the Purchaser’s election.

 

    	 

     

    

 

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

 

g.
Construction; Headings. This Agreement shall be deemed to be jointly drafted by the Company and the Buyer and shall not
be construed against any person as the drafter hereof. The headings of this Agreement are for convenience of reference only and
shall not form part of, or affect the interpretation of, this Agreement.

 

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

 

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

 

    	 

     

    

 

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

 

If
to the Company, to:

 

Quanta,
Inc.

3606
W. Magnolia Blvd.

Burbank,
CA 91505

E-mail:
info@quanta9.com

 

If
to the Holder:

 

To
the address set forth on the signature page.

 

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

 

k.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the
prior written consent of the other. Notwithstanding the foregoing, subject to Section 2(f), the Buyer may assign its rights hereunder
to any person that purchases Securities in a private transaction from the Buyer or to any of its ‘affiliates,” as
that term is defined under the 1934 Act, without the consent of the Company.

 

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

 

m.
Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement
shall survive the closing hereunder not withstanding any due diligence investigation conducted by or on behalf of the Buyer. The
Company agrees to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage
arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and
covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses
as they are incurred.

 

    	 

     

    

 

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

 

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

 

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

 

q.
Publicity. The Company, and the Buyer shall have the right to review a reasonable period of time before issuance of any
press releases, SEC, OTCQB or FINRA filings, or any other public statements with respect to the transactions contemplated hereby;
provided, however, that the Company shall be entitled, without the prior approval of the Buyer, to make any press release or SEC,
OTCQB (or other applicable trading market) or FINRA filings with respect to such transactions as is required by applicable law
and regulations (although the Buyer shall be consulted by the Company in connection with any such press release prior to its release
and shall be provided with a copy thereof and be given an opportunity to comment thereon).

 

r.
Securities Laws Disclosure. The Company shall comply with applicable securities laws by filing a Current Report on Form
8-K, within four (4) Trading Days following the date hereof, disclosing all the material terms of the transactions contemplated
hereby, if the Company deems the transactions contemplated hereby to constitute material non- public information.

 

    	 

     

    

 

s.
Indemnification. In consideration of the Buyer’s execution and delivery of this Agreement and acquiring the Securities
hereunder, and in addition to all of the Company’s other obligations under this Agreement or the Note, the Company shall
defend, protect, indemnify and hold harmless the Buyer and its stockholders, partners, members, officers, directors, employees
and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation,
those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”),
incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation
or warranty made by the Company in this Agreement or the Note or any other agreement, certificate, instrument or document contemplated
hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in this Agreement or the Note
or any other agreement, certificate, instrument or document contemplated hereby or thereby or (c) any cause of action, suit or
claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action brought on behalf
of the Company) and arising out of or resulting from (i) the execution, delivery, performance or enforcement of this Agreement
or the Note or any other agreement, certificate, instrument or document contemplated hereby or thereby, (ii) any transaction financed
or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance of the Securities, or (iii) the
status of the Buyer or holder of the Securities as an investor in the Company pursuant to the transactions contemplated by this
Agreement. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under
applicable law.

 

[Rest
of this page left intentionally blank]

 

    	 

     

    

 

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

 

quanta,
inc.

 

	By:	 	 
	Name:	Eric
    Rice	 
	Title:	Chief
    Executive Officer	 

 

    	 

     

    

 

[BUYER
SIGNATURE PAGE TO QUANTA, INC.

SECURITIES PURCHASE AGREEMENT]

 

IN
WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

Name
of Purchaser:

 

Signature
of Authorized Signatory of Purchaser:

 

Name
of Authorized Signatory:

 

Title
of Authorized Signatory:

 

Email
Address of Authorized Signatory:

 

Facsimile
Number of Authorized Signatory:

 

Address
for Notice to Purchaser:

 

Address
for Delivery of Securities to Purchaser (if not same as address for notice):

 

______________________________________________________________________________

 

______________________________________________________________________________

 

Principal
Amount: $_____________

 

Purchase
Price: $_______________ 

 

Commitment
Shares: _____________

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