Document:

Exhibit 10.42

 

LOCK-UP
AGREEMENT

 

This
Lock-up Agreement (this “Agreement”)
is made effective as of October 21, 2019 (the “Effective Date”) by and between Wade
Fredrickson (“Shareholder”) and NeuroOne Medical
Technologies Corporation, a Delaware corporation (the “Company”). Shareholder and the Company
are hereinafter collectively referred to as the “Parties”, and individually referred to as a “Party”.
Capitalized terms used and not otherwise defined in this Agreement shall have the respective meanings given to them in the Stock
Purchase Agreements (as defined below).

 

Recitals

 

Whereas,
Shareholder and certain purchasers desire to enter into certain stock purchase agreements (the “Stock Purchase Agreements”)
pursuant to which Shareholder will sell shares of the Company’s common stock to certain purchasers (the “Purchasers”);

 

Whereas,
following the completion of the transactions contemplated by the Stock Purchase Agreements, Shareholder will beneficially own
2,113,459 shares of the Company’s common stock (the “Retained Shares”); and

 

Whereas,
as a material inducement and a condition the transaction contemplated by the Stock Purchase Agreements, the Company and the Purchasers
have requested that the Company and Shareholder enter into this Agreement.

 

Agreement

 

Now,
Therefore, in consideration of the foregoing
recitals and the mutual promises and covenants herein contained, and for other good and valuable consideration the receipt of
which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

1. Restrictions
on Transfer. 

 

(a) Lock-up.
Shareholder hereby agrees that Shareholder will not, subject to the exceptions set forth in this Agreement, during the period
commencing on the Effective Date and ending on eighteen (18) month anniversary of the Effective Date (the “Lock-up
Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option
or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly,
any shares of the Company’s common stock (including, for clarity, any of the Retained Shares), or any securities convertible
into or exercisable or exchangeable for the Company’s common stock, including without limitation, such other securities
which may be deemed to be beneficially owned by Shareholder (or any interest therein, including without limitation, any transfer
of Shareholder’s equity interests) in accordance with the rules and regulations of the SEC (collectively, the “Lock-up
Securities”) or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic
consequences of ownership of shares of the Company’s common stock or such other securities, whether any such transaction
described in clause (i) or (ii) of this Section 1(a) (each, a “Transfer”) is to be settled by
delivery of shares of the Company’s common stock or such other securities, in cash or otherwise. As used in this Agreement,
“beneficially own” or “beneficial ownership” with respect to any securities
means having “beneficial ownership” of such securities as determined pursuant to Rule 13d-3 under the Securities
Exchange Act of 1934, as the same may be amended (the “Exchange Act”).

 

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(b) Legends/Stop
Orders. Shareholder acknowledges and agrees that the Company shall be entitled to place legends on the certificates or book
entry account representing any of the Lock-up Securities and/or stop orders with the transfer agent of the Company with respect
to any of the Lock-up Securities. Upon the release of any of the Lock-up Securities from this Agreement, the Company will reasonably
cooperate with Shareholder to facilitate the timely preparation and delivery of certificates or evidence of the book entry account
representing the Lock-up Securities without such restrictive legend described above or the withdrawal of any stop transfer instructions.

 

(c) Additional
Acknowledgments. Shareholder understands that each of the Purchasers and the Company is relying upon this Agreement in proceeding
toward consummation of the transactions contemplated by the Stock Purchase Agreements. Shareholder further understands that this
Agreement is irrevocable. An attempted transfer in violation of this Agreement will be of no effect and null and void, regardless
of whether the purported transferee has any actual or constructive knowledge of the transfer restrictions set forth in this Agreement,
and will not be recorded on the stock transfer books of the Company.

 

2. Exceptions
to lock-up. Notwithstanding the provisions of Section 1(a), during the Lock-Up Period, Shareholder may Transfer
all or a portion of the Locked-Up Shares:

 

(a) As
a bona fide gift or gifts, provided that the donee or donees thereof agree in writing, in form and substance reasonably satisfactory
to the Company, to be bound by the terms and conditions of this Agreement;

 

(b) To
any trust for the direct or indirect benefit of Shareholder or an immediate family member of Shareholder, provided that
the trustee of the trust agrees in writing, in form and substance reasonably satisfactory to the Company, to be bound by the terms
and conditions of this Agreement;

 

(c) To
Shareholder’s affiliates (including, if applicable, commonly controlled or managed investment funds) provided that such
affiliate(s) agree in writing, in form and substance reasonably satisfactory to the Company, to be bound by the terms and conditions
of this Agreement;

 

(d) Pursuant
to a tender or exchange offer publicly recommended by the Company’s board of directors;

 

(e) Pursuant
to a merger, stock sale, consolidation or other transaction publicly recommended by the Company’s board of directors;

 

(f) By
will or other testamentary document or by intestacy;

 

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(g) Commencing
six (6) months after the Effective Date, to any third party or parties, including a disposition for value, provided that
such third party or parties agree(s) in writing, in form and substance reasonably satisfactory to the Company, to be bound by
the terms and conditions of this Agreement, and provided further that each such third party or parties shall be deemed
not to be an underwriter of the Locked-Up Shares so sold within the meaning of Section 2(a)(11) of the Securities Act of 1933,
as amended (the “33 Act”);

 

(h) Commencing
six (6) months after the Effective Date, to any third party in a transaction exempt from the registration requirements of the
33 Act pursuant to Section 4(a)(4) thereof, an amount of the Locked-Up Shares equal to or less than 1% of the average weekly reported
volume of trading of the Company’s common stock on all national securities exchanges and/or reported through the automated
quotation system of a registered securities association during the four calendar weeks preceding the date of receipt of the order
to execute the transaction by the broker or the date of execution of the transaction directly with a market maker;

 

(i) Pursuant
to and to the extent the Company grants an exception to the lock-up provisions of any other person subject to a lock-up agreement
with it, the Company shall provide a substantially similar exception to Shareholder hereunder; and/or

 

(j) If
the first closing on a financing resulting in a minimum of $3 million in gross proceeds to the Company has not occurred by June
30, 2018.

 

For
purposes hereof, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote
than first cousin, “affiliate” shall mean, as applied to any entity, any other entity directly or indirectly
controlling, controlled by, or under direct or indirect common control with, such entity (for purposes hereof, “control”
(including, with correlative meanings, the terms “controlling,” “controlled by” and “under
common control with”), as applied to any entity, means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of such entity, whether through the ownership of voting securities, by contract
or otherwise), and “person” shall mean any individual, corporation, partnership, limited liability company,
trust, joint venture, governmental entity or other unincorporated entity, association or group.

 

3. Standstill.

 

(a) Current
Holdings. Shareholder hereby represents and warrants that, as of the date hereof, Shareholder does not have, directly or indirectly,
beneficial ownership of securities, or rights or options to own, acquire or vote any such securities (through purchase, exchange,
conversion or otherwise), of the Company, other than the Retained Shares.

 

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(b) Standstill
Restrictions. During the Lock-up Period, except as specifically permitted under an executed definitive agreement entered into
between Shareholder and the Company, Shareholder will not, and will cause each of his affiliates and his and their respective
representatives and any other agents acting on its or their behalf, or other persons or entities acting in concert with Shareholder
or his affiliates, not to, directly or indirectly, (i) make, effect or commence any tender or exchange offer, merger or other
business combination involving the Company, (ii) commence or complete, or propose to commence or complete, any recapitalization,
restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company, (iii) make, or in any
way participate in, any “solicitation” of proxies to vote or consent, or seek to advise or influence any person with
respect to the voting of, any securities of the Company (all within the meaning of Section 14 of the Exchange Act), (iv) form,
join or in any way participate in a “group” (within the meaning of Section 13(d)(3) of the Exchange Act) with respect
to, or otherwise act in concert with any person in respect of, any securities of the Company, (v) otherwise act, alone or in concert
with others, to seek representation on or to control or influence the management, the Board of Directors of the Company or policies
of the Company, (vi) negotiate with or provide any information to any person with respect to, or make any statement or proposal
to any person with respect to, or make any public announcement or proposal or offer whatsoever with respect to, or act as a financing
source for or otherwise invest in any other persons in connection with, or otherwise solicit, seek or offer to effect any transactions
or actions described in the foregoing clauses (i) through (vi), or make any other proposal inconsistent with the terms of this
Agreement or that otherwise could reasonably be expected to result in a public announcement regarding any such transactions or
actions, (vii) advise, assist, or encourage any other persons in connection with any of the foregoing; or (viii) make any statement
or proposal to the Board of Directors of the Company, any of the Company’s representatives or any of the Company’s
stockholders regarding, or make any public announcement, proposal or offer, with respect to, or otherwise solicit, seek or offer
to effect, any request or proposal to waive, terminate or amend the provisions of this Agreement, unless and until, in the case
of each of the foregoing clauses (i) through (viii), Shareholder has received the prior written invitation or approval of the
Board of Directors of the Company to do so or the transaction or action falls within the scope of one of the exceptions to the
Lock-Up provided for in Section 2 above.

 

4. Ownership
of Shares; Voting Rights. During the Lock-up Period, Shareholder shall retain all rights of ownership in the Retained
Shares, including voting rights and the right to receive any dividends that may be declared in respect thereof and paid in cash
or shares of the Company’s common stock (in each case, a “Dividend”). Any shares of the Company’s
common stock issued to Shareholder during the Lock-up Period (a) as a Dividend (other than in connection with a stock split, whether
effected directly or through a Dividend), or (b) upon reinvestment of a Dividend through the Company’s dividend reinvestment
program, shall not be subject to the terms of this Agreement.

 

5. Miscellaneous.

 

(a) Further
Assurances. From time to time until the expiration of the Lock-up Period, at the Company’s request and without further
consideration, Shareholder shall execute and deliver such additional documents and take all such further lawful action as may
be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated
by this Agreement.

 

(b) Specific
Performance. Each of the Parties agrees, recognizes and acknowledges that a breach by it of any covenants or agreements contained
in this Agreement will cause the other parties to sustain damages for which they would not have an adequate remedy at law for
money damages, and therefore each of the Parties agrees that in the event of any such breach any aggrieved Party shall be entitled
to the remedy of specific performance of such covenants and agreements (without any requirement to post bond or other security
and without having to prove actual damages) and injunctive and other equitable relief in addition to any other remedy to which
it may be entitled, at law or in equity.

 

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(c) Remedies
Cumulative. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law
or in equity shall be cumulative and not alternative, and the exercise of any such rights, powers or remedies by any Party shall
not preclude the simultaneous or later exercise of any other such right, power or remedy by such Party.

 

(d) Amendment
and Modification. No amendment or modification or addition to this Agreement will be valid or effective unless the same is
in writing and signed by each of the Parties.

 

(e) Assignability;
Third Party Rights.

 

(i) This
Agreement shall be binding upon, and shall be enforceable by and inure solely to the benefit of, the Parties and their respective
successors and permitted assigns; provided, that neither this Agreement nor any of the rights or obligations of
any Party hereunder may be assigned or delegated by such Party without the prior written consent of the other Party, and any attempted
assignment or delegation of this Agreement or any of such rights or obligations by any Party without the other Party’s prior
written consent shall be void and of no effect.

 

(ii) Nothing
in this Agreement is intended to or shall confer upon any person (other than the Parties hereto) any right, benefit or remedy
of any nature whatsoever under or by reason of this Agreement.

 

(f) Entire
Agreement; Counterparts; Exchanges by Facsimile. This Agreement constitutes the entire agreement, and supersede all prior
agreements and understandings, both written and oral, among or between any of the Parties with respect to the subject matter of
this Agreement, other than the Stock Purchase Agreements. This Agreement may be executed in several counterparts, each of which
shall be deemed an original and all of which shall constitute one and the same instrument. The exchange of a fully executed Agreement
(in counterparts or otherwise) by facsimile or by electronic delivery in .pdf format shall be sufficient to bind the Parties to
the terms and provisions of this Agreement.

 

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(g) Notices.
All notices, demands, consents, requests, instructions and other communications to be given or delivered or permitted under
or by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in writing
and shall be deemed to be delivered and received by the intended recipient as follows: (i) if personally delivered, on the business
day of such delivery (as evidenced by the receipt of the personal delivery service); (ii) if mailed certified or registered mail
return receipt requested, two (2) business days after being mailed; or (iii) if delivered by overnight courier (with all charges
having been prepaid), on the business day of such delivery (as evidenced by the receipt of the overnight courier service of recognized
standing). If any notice, demand, consent, request, instruction or other communication cannot be delivered because of a changed
address of which no notice was given (in accordance with this Section 4(g), or the refusal to accept the same, the notice,
demand, consent, request, instruction or other communication shall be deemed received on the second business day the notice is
sent (as evidenced by a sworn affidavit of the sender). All such notices, demands, consents, requests, instructions and other
communications will be sent to the following addresses or facsimile numbers as applicable:

 

	 	If
to the Company to:
	 	NeuroOne
        Medical Technologies Corporation

        10006
        Liatris Lane

        Eden
        Prairie, Minnesota 55347

        Attention:
        David A. Rosa

	 	 	 	 
	 	With
        copies to:

         

         

         

         

         

        If
        to Shareholder to:

         

         

         

        With
        copies to:
	 	Honigman
        LLP

        650
        Trade Centre Way, Suite 200

        Kalamazoo,
        Michigan 49002

        Attention:
        Phillip D. Torrence, Esq.

        Fax:
        269.337.7703

         

        Wade
        Fredrickson

        4825
        Suburban Drive

        Shorewood,
        Minnesota 55331

         

        Nilan
        Johnson Lewis PA

        120
        South Sixth Street, Suite 400

        Minneapolis,
        Minnesota 55402

        Attention:
        John C. Levy

        Fax:
612.305.7501

 

Any
such person may by notice given in accordance with this Section 4(g) to the other parties hereto designate another address
or person for receipt by such person of notices hereunder.

 

(h) Titles
and Captions. All Section titles or captions in this Agreement are for convenience
only. They shall not be deemed part of this Agreement and do not in any way define, limit, extend or describe the scope or intent
of any provisions hereof.

 

(i) Further
Action. The parties shall execute and deliver all documents, provide all information
and take or forbear from taking all such action as may be necessary or appropriate to achieve the purposes of this Agreement.
Each Party shall bear its own expenses in connection therewith.

 

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(j) Governing
Law; Consent to Jurisdiction, Waiver of Jury Trial. This Agreement will be governed by and construed in accordance with the
internal laws of the State of Delaware, without regard to its principles of conflicts of laws. Each of the Parties hereto irrevocably
submits to the exclusive jurisdiction of the state and federal courts sitting in the State of Minnesota for the purpose of any
suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby. 
Service of process in connection with any such suit, action or proceeding may be served on each Party hereto anywhere in the world
by the same methods as are specified for the giving of notices under this Agreement.  Each of the Parties hereto irrevocably
consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. 
Each Party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such
courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in
an inconvenient forum.  EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT
TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

 

(k) Creditors.
None of the provisions of this Agreement shall be for the benefit of or enforceable by creditors of any Party.

 

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

 

(m) Attorney’s
Fees. If any dispute arises with respect to the enforcement, interpretation, or application of this Agreement and costs are
incurred to resolve such dispute, the prevailing party in such dispute shall recover from the non-prevailing party all costs and
expenses, including reasonable attorneys’ fees, incurred by the prevailing party in such dispute.

 

Signatures
on the Following Page

 

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In
Witness Whereof, the Parties have executed
this Agreement as of the Effective Date.

 

	Shareholder:	 	The Company:
	 	 	 
	 	 	NeuroOne Medical
    Technologies Corporation
	 	 	 
	/s/ Wade Frederickson 	 	By:	/s/ Dave Rosa 
	Wade Fredrickson	 	Name: 	Dave Rosa
	 	 	Title:	CEO and President 

 

 

 

 

Signature
Page 

to
Lock-up AgreementExhibit 10.1

 

NEITHER THE ISSUANCE NOR SALE OF THE SECURITIES
REPRESENTED BY THIS NOTE 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, IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.

 

	Principal Amount: $100,001.00	Issue Date: December 16th, 2019

 

 

	
         

        PROMISSORY NOTE

         

 

FOR VALUE RECEIVED,
VPR Brands, LP, a Delaware limited partnership (the “Company”), hereby promises to pay to the order of Kevin Frija
or registered assigns (the “Holder”) on December 16th, 2020 (the “Maturity Date”), the principal amount
set forth above (the “Principal Amount”), and to pay interest on the outstanding Principal Amount at the rate of Twenty
Four percent (24%) per annum (the “Note”). Interest shall commence accruing on the date hereof (the “Issue Date”),
computed on the basis of a 365-day year and the actual number of days elapsed, provided that any payment otherwise due on a Saturday,
Sunday or legal Bank holiday may be paid on the following business day. All payments due hereunder, shall be made in lawful money
of the United States of America.

 

1. Transfers of Note
to Comply with the 1933 Act. The Holder agrees that this Note may not be sold, transferred, pledged, hypothecated or otherwise
disposed of except as follows: (a) to a person whom the Note may legally be transferred without registration and without delivery
of a current prospectus under the 1933 Act with respect thereto and then only against receipt of an agreement of such person to
comply with the provisions of this Section 1 with respect to any resale or other disposition of the Note; or (b) to any person
upon delivery of a prospectus then meeting the requirements of the 1933 Act relating to such securities and the offering thereof
for such sale or disposition, and thereafter to all successive assignees.

 

2. Right of Prepayment.
The Company may repay any amount of the Note at any time. On each business day, the Holder may deduct one (1) ACH payment from
the bank account of the Borrower (as specified on Exhibit “A” of this Note) in the amount of $500.00 per business day
until such time as the Borrower has paid an amount equal to the principal and accrued interest as set forth in the Note. Each such
payment shall be applied first to accrued and unpaid interest and the balance shall be applied towards the reduction of the principal
amount due under this Note.

 

3. Representations
and Warranties. The Company represents and warrants to the Holder that:

 

	 	(a)	such party is duly organized, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization;
	 	 	 
	 	(b)	such party has authority to own its property and assets and to carry on its business as now conducted, except, in each case, where the failure to do so, or so possess, individually or in the aggregate would not reasonably be expected to result in a material adverse effect;
	 	 	 
	 	(c)	such party has all requisite organizational power and authority to execute and deliver and perform all its obligations under this Note;
	 	 	 
	 	(d)	such party is qualified to do business in, and is in good standing (where such concept exists) in, every jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, except where the failure to be so qualified or in good standing individually or in the aggregate would not reasonably be expected to result in a material adverse effect;
	 	 	 
	 	(e)	the transactions contemplated hereby is within such party’s organizational powers and have been duly authorized by all necessary corporate or limited liability company action;
	 	 	 
	 	(f)	this Note has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party, enforceable in accordance with its terms; and

    

     

    

 

	(g)  	the transactions to be entered into and contemplated by this Note (a) do not require any consent or approval of, registration or filing with, or any other action by, any governmental authority except for the Company’s disclosure obligations under federal securities laws, (b) will not (i) violate any applicable law or (ii) the organizational documents, bylaws, charter, operating agreement, certificate of formation or certificate of incorporation of such party, (c) will not violate or result in a default under any indenture or any other agreement, instrument or other evidence of indebtedness, and (d) will not result in the creation or imposition of any lien on any asset of such party.

 

4. Remedies Upon Default.
In the event that the Company defaults on its payment obligations under this Note, the Holder may proceed to protect and enforce
its rights and remedies under this Note by suit in equity, action at law or other appropriate proceeding, whether for the specific
performance of any covenant or agreement contained in this Note and proceed to enforce the payment thereof or any other legal or
equitable right of the Holder.

 

5. Cancellation of
Note. Upon the repayment by the Company of all of its obligations hereunder to the Holder, including, without limitation, the
principal amount of this Note, plus accrued but unpaid interest, the indebtedness evidenced hereby shall be deemed canceled and
paid in full. Payments received by the Holder hereunder shall be applied first against interest accrued on this Note, and next
in reduction of the outstanding principal balance of this Note.

 

6. Severability.
If any provision of this Note is, for any reason, invalid or unenforceable, the remaining provisions of this Note will nevertheless
be valid and enforceable and will remain in full force and effect. Any provision of this Note that is held invalid or unenforceable
by a court of competent jurisdiction will be deemed modified to the extent necessary to make it valid and enforceable and as so
modified will remain in full force and effect.

 

7. Amendment and Waiver.
This Note, or any provision of this Note, may only be amended or waived if set forth in a writing executed by the Company and Holder.
The waiver by Holder of a breach of any provision of this Note shall not operate or be construed as a waiver of any other breach.

 

8. Successors.
Except as otherwise provided herein, this Note shall bind and inure to the benefit of and be enforceable by the Holder and its
permitted successors and assigns.

 

9. Assignment.
This Note shall not be directly or indirectly assignable or delegable by the Company or the Holder, except as provided in a writing
executed by the Company and Holder.

 

10. Further Assurances.
The Holder will execute all documents and take such other actions as the Company may reasonably request in order to consummate
the transactions provided for herein and to accomplish the purposes of this Note.

 

11. Notices, Consents,
etc. Any notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be
in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent
by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party); or (iii) one (1) business day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

	If to Company:	VPR BRANDS, LP
	 	3001 Griffin Road
	 	Fort Lauderdale, FL 33312
	 	Attention: Kevin Frija
	 	Telephone: 954.715.7001
	 	Facsimile: Kevin.Frija@vprbrands.com
	 	 
	With a Copy to (which shall not constitute notice):	ANTHONY LG, PLLC
	 	Attention: Laura E. Anthony, Esq.
	 	 
	If to the Holder:	Kevin Frija
	 	Attention:
	 	Telephone:
	 	Facsimile:_____________

 

or at such other address and/or facsimile number
and/or to the attention of such other person as the recipient party has specified by written notice given to each other party three
(3) trading days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such
notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s facsimile machine
containing the time, date, recipient facsimile number and an image of the first page of such transmission or

    

     

    

(C) provided by a nationally recognized overnight
delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally recognized
overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

12. Governing Law.
Except in the case of the Jurisdiction provisions of Section 13 below, this Note shall be delivered and accepted in and shall be
deemed to be contracts made under and governed by the internal laws of the State of Delaware, and for all purposes all questions
concerning the construction, validity and interpretation of this Note and any and all disputes or controversies arising out of
the subject matter hereof (whether by contract, tort or otherwise) shall be governed by and construed in accordance with the domestic
laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision (whether of the State of
Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Florida.

 

13. Jurisdiction.
EACH PARTY HERETO AGREES THAT JURISDICTION AND VENUE IN ANY ACTION BROUGHT BY THE HOLDER PURSUANT TO THIS NOTE SHALL PROPERLY (BUT
NOT EXCLUSIVELY) LIE IN ANY FEDERAL OR STATE COURT LOCATED IN BROWARD COUNTY, FLORIDA. BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
EACH PARTY HERETO IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY WITH RESPECT
TO SUCH ACTION. EACH PARTY HERETO IRREVOCABLY AGREES THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVES ANY OBJECTION
THAT SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH ACTION. EACH PARTY HERETO FURTHER AGREES THAT THE
MAILING BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, OF ANY PROCESS REQUIRED BY ANY SUCH COURT SHALL CONSTITUTE VALID
AND LAWFUL SERVICE OF PROCESS AGAINST THEM, WITHOUT NECESSITY FOR SERVICE BY ANY OTHER MEANS PROVIDED BY STATUTE OR RULE OF COURT.

 

14. No Inconsistent
Agreements. No party hereto will hereafter enter into any agreement, which is inconsistent with the rights granted to the Holder
in this Note.

 

15. Third Parties.
Nothing herein expressed or implied is intended or shall be construed to confer upon or give to any person or entity, other than
the Holder and its permitted successor and assigns, any rights or remedies under or by reason of this Note.

 

16. Waiver of Jury
Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATED TO THIS NOTE. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE HOLDER
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE HOLDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER,
(B) EACH PARTY HERETO UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH PARTY HERETO MAKES THIS WAIVER VOLUNTARILY,
AND (D) EACH PARTY HERETO HAS BEEN INDUCED TO ENTER INTO THIS NOTE BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

 

17. Usury Savings
Clause. Notwithstanding any provision in this Note to the contrary, the total liability for payments of interest and payments
in the nature of interest, including, without limitation, all charges, fees, exactions, or other sums which may at any time be
deemed to be interest, shall not exceed the limit imposed by the usury laws of the jurisdiction governing this Note or any other
applicable law. In the event the total liability of payments of interest and payments in the nature of interest, including, without
limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest, shall, for any reason whatsoever,
result in an effective rate of interest, which for any month or other interest payment period exceeds the limit imposed by the
usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible as interest for the period
in question shall, without further agreement or notice by, between, or to any party hereto, be applied to the reduction of the
outstanding principal balance due hereunder immediately upon receipt of such sums by the Holder hereof, with the same force and
effect as though the Company had specifically designated such excess sums to be so applied to the reduction of the principal balance
then outstanding, and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal; provided, however,
that the Holder may, at any time and from time to time, elect, by notice in writing to the Company, to waive, reduce, or limit
the collection of any sums in excess of those lawfully collectible as interest, rather than accept such sums as a prepayment of
the principal balance then outstanding. It is the intention of the parties that the Company does not intend or expect to pay, nor
does the Holder intend or expect to charge or collect any interest under this Note greater than the highest non-usurious rate of
interest which may be charged under applicable law.

 

18. Entire Agreement.
This Note (including any recitals hereto) set forth the entire understanding of the parties with respect to the subject matter
hereof, and shall not be modified or affected by any offer, proposal, statement or representation, oral or written, made by or
for any party in connection with the negotiation of the terms hereof, and may be modified only by instruments signed by all of
the parties hereto.

 

[Signature page to follow]

    

     

    

IN WITNESS WHEREOF, this Note is executed
by the undersigned as of the date hereof.

 

	VPR BRANDS, LP	 
	 	 	 
	By:	Soleil Capital Management LLC,	 
	 	its General Partner	 

 

	By:	/s/ Kevin Frija	 
	Name:  	Kevin Frija	 
	Title:	Manager and Chief Executive Officer

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