Document:

Exhibit 4.1

 

PROMISSORY
NOTE

 

Dated:
March 10, 2017

 

FOR
VALUE RECEIVED, and intending to be legally bound, Max-1 Acquisition Corporation, a Delaware corporation (the “Maker”)
with an address at 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431, hereby unconditionally and irrevocably promises to
pay to the order of Mark Tompkins, an individual (the “Payee”) with an address at Apt. 1, Via Guidino 23, 6900
Lugano, Paradiso, Switzerland, in lawful money of the United States of America, the sum of any and all amounts that the Payee
may advance to the Maker or any other third parties on behalf of the Maker as set forth on Schedule A attached hereto,
which may be amended from time to time as funds are advanced (the “Principal Amount”) on or before the date
(the “Maturity Date”) that the Maker (or a wholly owned subsidiary of the Maker) consummates a business combination
with a private company in a reverse merger or reverse takeover transaction or other transaction after which the Maker would cease
to be a shell company (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (“Transaction”).
In the event a Transaction is consummated, the proceeds received by the Maker or a subsidiary of the Maker shall first be used
to repay the entire outstanding unpaid Principal Amount and the accrued unpaid interest on this Note.

 

Interest
shall accrue on the outstanding Principal Amount of this Promissory Note on the basis of a 360-day year from the date upon which
funds were advanced until paid in full at the rate of six percent (6%) per annum, and shall be due and payable on the Maturity
Date, or the prepayment date, if any, whichever is earlier. This Promissory Note may be prepaid in whole or in part at any time
or from time to time prior to the Maturity Date.

 

For
purposes of this Promissory Note, an “Event of Default” shall occur if the Maker shall: (i) fail to pay the
entire Principal Amount of this Promissory Note when due and payable, (ii) admit in writing its inability to pay any of its monetary
obligations under this Promissory Note, (iii) make a general assignment of its assets for the benefit of creditors, or (iv) allow
any proceeding to be instituted by or against it seeking relief from or by creditors, including, without limitation, any bankruptcy
proceedings.

 

In
the event that an Event of Default has occurred, the Payee or any other holder of this Promissory Note may, by notice to the Maker,
declare this entire Promissory Note to be forthwith immediately due and payable, without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Maker. In the event that an Event of Default consisting of
a voluntary or involuntary bankruptcy filing has occurred, then this entire Promissory Note shall automatically become due and
payable without any notice or other action by Payee. Commencing five days after the occurrence of any Event of Default, the interest
rate on this Note shall accrue at the rate of 18% per annum.

 

The
non-exercise or delay by the Payee or any other holder of this Promissory Note of any of its rights hereunder in any particular
instance shall not constitute a waiver thereof in that or any subsequent instance. No waiver of any right shall be effective unless
in writing signed by the Payee, and no waiver on one or more occasions shall be conclusive as a bar to or waiver of any right
on any other occasion.

 

Should
any part of the indebtedness evidenced hereby be collected by law or through an attorney-at-law, the Payee or any other holder
of this Promissory Note shall, if permitted by applicable law, be entitled to collect from the Maker all reasonable costs of collection,
including, without limitation, attorneys’ fees.

 

     

     

    

 

All
notices and other communications must be in writing to the address of the party set forth in the first paragraph hereof and shall
be deemed to have been received when delivered personally (which shall include via an overnight courier service) or, if mailed,
three (3) business days after having been mailed by registered or certified mail, return receipt requested, postage prepaid. The
parties may designate by notice to each other any new address for the purpose of this Promissory Note.

 

Maker
hereby forever waives presentment, demand, presentment for payment, protest, notice of protest, and notice of dishonor of this
Promissory Note and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of
this Promissory Note.

 

This
Promissory Note shall be binding upon the successors and assigns of the Maker, and shall be binding upon, and inure to the benefit
of, the successors and assigns of the Payee.

 

This
Promissory Note shall be governed by and construed in accordance with the internal laws of the State of Delaware.

 

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IN
WITNESS WHEREOF, the undersigned Maker has executed this Promissory Note as of the date first written above.

 

	 	MAKER:
	 	 
	 	Max-1
    Acquisition Corporation

 

	 	By:
    	/s/
    Ian Jacobs
	 	 	Ian
    Jacobs
	 	 	President

 

    	 	3	 

     

    

 

Schedule
A

 

(as
of March 10, 2017)

 

	 	 	Amount Advanced	 	 	Date of Advance
	 	 	 	 	 	 
	 	 	$ 12,000	 	 	February 24, 2017
	 	 	 	 	 	 
	Aggregate Principal Amount	 	$	12,000	 	 	 

 

 

4Exhibit
10.1

 

COMMON
STOCK PURCHASE AGREEMENT

 

AGREEMENT
(this “Agreement”) entered into as of the 6th day of February, 2017, by and between Max-1 Acquisition Corporation,
a Delaware corporation (the “Company”) and Mark Tompkins, an individual (the “Purchaser”).

 

WHEREAS,
the Purchaser desires to purchase, and the Company desires to sell, an aggregate of 900,000 shares (the “Shares”)
of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) upon the terms and conditions
hereof.

 

NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein contained, the Purchaser and the Company hereby agree
as follows:

 

SECTION
1: SALE OF THE SHARES

 

1.1
Sale of the Shares. Subject to the terms and conditions hereof, the Company will sell to the Purchaser and the Purchaser
will purchase from the Company, upon the execution and delivery of this Agreement, the Shares for a purchase price equal to $22,500
(the “Purchase Price”) representing amounts advanced by the Purchaser to counsel for the Company in connection with
the formation and organization of the Company.

 

SECTION
2: CLOSING DATE; DELIVERY

 

2.1
Closing Date. The closing of the purchase and sale of the Shares hereunder (the “Closing”) shall be held immediately
following the execution and delivery of this Agreement.

 

2.2
Delivery at Closing. At the Closing, the Company will record the issuance of the Shares in the Company’s stock ledger with
respect to the Common Stock of the Company in the Purchaser’s name, against payment of the purchase price therefore as indicated
above.

 

SECTION
3: REPRESENTATIONS AND WARRANTIES OF PURCHASER

 

The
undersigned Purchaser hereby represents and warrants to the Company as follows:

 

3.1
Restricted Securities. None of the Shares are registered under the Securities Act of 1933, as amended (the “Securities
Act”), or any state securities laws. The Purchaser acknowledges that the Shares have not been recommended by any US
Federal or State securities commission or regulatory authority and have not confirmed the accuracy or determined the adequacy
of this Agreement. The Purchaser understands that the offering and sale of the Shares is intended to be exempt from registration
under the Securities Act, by virtue of Section 4(a)(2) thereof and, if deemed advisable by the Company, the provisions of Regulation
D promulgated thereunder, based, in part, upon the representations, warranties and agreements of the Purchaser contained in this
Agreement. The Purchaser understands that the Shares may not be sold, transferred or otherwise disposed of without registration
under the Securities Act or an exemption therefrom.

 

    	 	1	 

     

    

 

3.2
Experience. The undersigned has such knowledge and experience in financial and business matters that the undersigned is
capable of evaluating the merits and risks of investment in the Company and of making an informed investment decision. The undersigned
has adequate means of providing for the undersigned’s current needs and possible future contingencies and the undersigned has
no need, and anticipates no need in the foreseeable future, to sell the Shares for which the undersigned subscribes. The undersigned
is able to bear the economic risks of this investment and, consequently, without limiting the generality of the foregoing, the
undersigned is able to hold the Shares for an indefinite period of time and has sufficient net worth to sustain a loss of the
undersigned’s entire investment in the Company in the event such loss should occur. Except as otherwise indicated herein, the
undersigned is the sole party in interest as to its investment in the Company, and it is acquiring the Shares solely for investment
for the undersigned’s own account and has no present agreement, understanding or arrangement to subdivide, sell, assign, transfer
or otherwise dispose of all or any part of the Shares subscribed for to any other person.

 

3.3
Investment; Access to Data. The undersigned has carefully reviewed and understands the risks of, and other considerations
relating to, a purchase of the Common Stock and an investment in the Company. The undersigned has been furnished materials relating
to the Company, the private placement of the Common Stock or anything else that it has requested and has been afforded the opportunity
to ask questions and receive answers concerning the terms and conditions of the offering and obtain any additional information
which the Company possesses or can acquire without unreasonable effort or expense. Representatives of the Company have answered
all inquiries that the undersigned has made of them concerning the Company, or any other matters relating to the formation and
operation of the Company and the offering and sale of the Common Stock. The undersigned has not been furnished any offering literature
other than the materials that the Company may have provided at the request of the undersigned; and the undersigned has relied
only on such information furnished or made available to the undersigned by the Company as described in this Section. The undersigned
is acquiring the Shares for investment for the undersigned’s own account, not as a nominee or agent and not with the view to,
or for resale in connection with, any distribution thereof. The undersigned acknowledges that the Company is a start-up company
with no current operations, assets or operating history, which may possibly cause a loss of Purchaser’s entire investment
in the Company.

 

3.4
Authorization. (a) This Agreement, upon execution and delivery thereof, will be a valid and binding obligation of Purchaser,
enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization and moratorium laws and
other laws of general application affecting enforcement of creditors’ rights generally.

 

(b)
The execution, delivery and performance by Purchaser of this Agreement and compliance therewith and the purchase and sale of the
Shares will not result in a violation of and will not conflict with, or result in a breach of, any of the terms of, or constitute
a default under, any provision of state or Federal law to which Purchaser is subject, or any mortgage, indenture, agreement, instrument,
judgment, decree, order, rule or regulation or other restriction to which the Purchaser is a party or by which the undersigned
Purchaser is bound, or result in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties
or assets of Purchaser pursuant to any such term.

 

    	 	2	 

     

    

 

3.5
Accredited Investor. Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D under the Securities
Act of 1933, as amended and has executed the statement of accredited investor annexed hereto as Exhibit A.

 

SECTION
4: MISCELLANEOUS

 

4.1
Governing Law. This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to
conflicts of laws principles thereof.

 

4.2
Survival. The terms, conditions and agreements made herein shall survive the Closing.

 

4.3
Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit
of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto.

 

4.4
Entire Agreement; Amendment; Waiver. This Agreement constitutes the entire and full understanding and agreement between
the parties with regard to the subject matter hereof. Neither this Agreement nor any term hereof may be amended, waived, discharged
or terminated, except by a written instrument signed by all the parties hereto.

 

4.5
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all
of which together, shall constitute one instrument.

 

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IN
WITNESS WHEREOF, the undersigned have hereunto set their hands as of the day and year first above written.

 

	 	MAX-1
ACQUISITION CORPORATION

 

	 	By:	/s/
    Ian Jacobs
	 	 	Ian
    Jacobs
	 	 	President,
    Secretary, Chief Executive Officer,
	 	 	and
    Chief Financial Officer

 

	 	PURCHASER

 

	 	By:	/s/
    Mark Tompkins
	 	 	Mark
    Tompkins

 

    	 	4	 

     

    

 

Exhibit
A

 

STATEMENT
OF ACCREDITED INVESTOR

 

	To:	Max-1 Acquisition Corporation (the “Company”)

 

Ladies
and Gentlemen:

 

The
undersigned hereby refers to the Common Stock Purchase Agreement executed and delivered to the Company by the undersigned as of
the date hereof. In connection with the subscription thereunder by the undersigned to purchase securities of the Company, the
undersigned hereby represents and warrants that such individual or entity meets at least one of the tests listed below for an
“accredited investor” (as such term is defined under Regulation D promulgated pursuant to the Securities Act of 1933,
as amended).

 

“Accredited
Investors” are accorded special status under the federal securities laws. Individuals who hold certain positions with an
issuer or its affiliates, or who have certain minimum individual income or certain minimum net worth (each as described below)
may qualify as Accredited Investors. Partnerships, corporations or other entities may qualify as Accredited Investors if they
fulfill certain financial and other standards, or if all of their equity owners have incomes and/or net worth which qualify them
individually as Accredited Investors, and trusts may qualify as Accredited Investors if they meet certain financial and other
tests (as described below).

 

You
may qualify as an Accredited Investor under Regulation D promulgated under the Securities Act of 1933 (the “1933 Act”)
if you meet any of the following tests (please check all that apply):

 

_____
(a)             The undersigned is a natural person whose net worth, or joint net worth with spouse, at the time of purchase, exceeds
$1,000,000 (excluding the value of the undersigned’s primary residence).1

 

_____
(b)             The undersigned is a natural person whose individual income (excluding that of his or her spouse) exceeded $200,000 in
each of the last two years, i.e., 2015 and 2016, and who reasonably expects individual income exceeding $200,000 in the current
year.

 

_____
(c)             The undersigned is a natural person whose joint gross income with his or her spouse exceeded $300,000 in each of the last
two years, i.e., 2015 and 2016, and who reasonably expects joint gross income with his or her spouse exceeding $300,000 in the
current year.

 

_____
(d)             The undersigned is:

 

_____
 (i)      a bank as defined in section 3(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”),
or any savings and loan association or other institution as defined in section 3(a)(5)(A) of the Securities Act whether acting
in its individual or fiduciary capacity;

 

 

1
For purposes of calculation net worth in paragraph (a) above, (i) the undersigned’s primary residence shall not be
included as an asset; (ii) indebtedness secured by the undersigned’s primary residence, up to the estimated fair market
value of such primary residence as of the date hereof, shall not be included as a liability (except that if the amount of such
indebtedness outstanding as of the date hereof exceeds the amount outstanding as of 60 days before the date hereof, other than
as a result of the acquisition of such primary residence, the amount of such excess shall be included as a liability) and (iii)
indebtedness that is secured by the undersigned’s primary residence in excess of the estimated fair market value of such
primary residence as of the date hereof, shall be included as a liability.

 

    	 	A-1	 

     

    

 

_____
 (ii)      a broker or dealer registered pursuant to section 15 of the Securities Exchange Act of 1934, as amended;

 

_____
 (iii)      an insurance company as defined in section 2(a)(13) of the Securities Act; any investment company registered under
the Investment Company Act of 1940 or a business development company as defined in section 2(a)(48) of such act;

 

_____
 (iv)      any Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d)
of the Small Business Investment Act of 1958;

 

_____
 (v)      any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state
or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; or

 

_____
 (vi)      any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment
decision is made by a plan fiduciary, as defined in section 3(21) of such act, which is either a bank, savings and loan association,
insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000
or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors.

 

_____
(e)             The undersigned is a private business development company as defined in section 202(a)(22) of the Investment Advisers
Act of 1940.

 

_____
(f)             The undersigned is a trust, and the grantor (i) has the power to revoke the trust at any time and regain title to the
trust assets; and (ii) meets the requirements of items (a) (b), or (c) above.

 

_____
(g)             The undersigned is a tax-exempt organization described in Section 501(c) (3) of the Internal Revenue Code, or a corporation,
Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities with
total assets in excess of $5,000,000.

 

_____
(h)             The undersigned is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring
the securities, whose purchase is directed by a person who has such knowledge and experience in financial and business matters
that he or she is capable of evaluating the merits and risks of an investment in the securities.

 

_____
(i)              The undersigned is an entity in which all of the equity owners meet any of the requirements of items (a) through (h) above.

 

[SIGNATURE
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    	 	A-2	 

     

    

 

Dated:
February ___, 2017

 

	 	Very
    truly yours,
	 	 
	 	 
	 	Name
    of Individual #1 or Entity
	 	 
	 	 
	 	Authorized
    Signature
	 	 
	 	 
	 	Address
	 	 
	 	 
	 	 

 

 

A-3

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