Document:

EX-4.1

 Exhibit 4.1 

INCENTIVE STOCK OPTION PLAN OF 

LIBERTY BANCSHARES, INC. 

INCENTIVE STOCK OPTION PLAN (“Plan”) hereby established this 10th day of May,
2005 (the “Effective Date”), by Liberty Bancshares, Inc., a financial holding corporation organized and existing under the laws of the State of Missouri (hereinafter referred to as “Bancshares”). 

W I T N E S S E T H: 

WHEREAS, the Board of Directors of Bancshares (the “Board”) deems it to be in the best interest of Bancshares, in order to promote
its success and the success of its subsidiaries (hereinafter referred to individually as a “Subsidiary” and collectively as the “Subsidiaries”), and to create in employees selected from time to time a proprietary interest in and
a greater concern for the welfare of both Bancshares and Subsidiaries, and to offer an inducement to such employees to remain as employees, such inducement to be in the form of additional compensation for services which he or she has rendered or
hereafter render; and 
 WHEREAS, the Board believes that Bancshares can best obtain these and other benefits by granting stock options to
designated employees from time to time, pursuant to Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”); 

NOW, THEREFORE, the Board has adopted this Plan, effective upon approval by the affirmative vote of the holders of a majority of the common
stock of Bancshares: 
 1. Qualification of Options. This Plan is intended to promote the interests of both Bancshares and the
Subsidiaries and the employees who are selected from time to time by encouraging such employees to invest on reasonable terms in common stock of Bancshares by means of “Incentive Stock Options” as defined in Code § 422. However,
nothing herein shall be deemed to be or interpreted as a representation, guarantee, or other undertaking on the part of either Bancshares or the Subsidiaries that such option is or will be determined to be a qualified incentive stock option within
the meaning of Code § 422 or any other section of the Code. 
 2. Administration. The Plan shall be administered by an Incentive
Stock Option Committee (hereinafter referred to as the “Committee”) of not less than five (5) members selected from the Board. No member of the Committee may participate in the Plan. The Committee may, from time to time, select
employees to participate in the Plan and issue orders and adopt resolutions not inconsistent with the provisions of this Plan. All determinations shall be made by the affirmative vote of a majority of the members of the Committee at a meeting called
for such purpose, or the written consent of a majority of the members of the Committee. In the absence of fraud or gross negligence, all decisions made by the Committee in construing the provisions of the Plan shall be final, conclusive and binding
upon all persons. Committee members shall serve until further vote of the Board. 
 3. Option Agreements. Each option granted by the
Committee shall be evidenced by a written Employee Incentive Stock Option Agreement which shall contain such terms and conditions as may be approved by the Committee and shall be signed by an officer of Bancshares and the selected employee. 

  
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 4. Eligibility. Options may be granted under the Plan only to employees of either
Bancshares or a Subsidiary selected by the Committee from time to time whose ownership of common stock of Bancshares (as determined at the date of the grant of any option) does not exceed ten percent (10%) of the total combined voting power of
all classes of stock of Bancshares or any Subsidiary. This provision shall not apply if at the time such option is granted the option price is at least one hundred ten percent (110%) of the fair market value of the stock subject to the option
and such option by its terms are not exercisable after the expiration of five (5) years from the date such option is granted. Options may be granted only to employees for a reason connected with his or her employment who at all times during the
period beginning on the date of the granting of the option and ending on the day three (3) months before the date of such exercise was an employee of either Bancshares or a Subsidiary. In the case of an employee who is disabled (within the
meaning of Code § 22(e)(3)), the three (3) month period shall be one (1) year. 
 5. Shares Subject to Plan. The
Committee may, from time to time, provide for the option and sale in the aggregate amount of seventy-five thousand (75,000) shares of the common stock of Bancshares. All options granted under the Plan shall have a term (the “Option
Term”) as determined by the Committee. 
 6. Option Price. The purchase price of the stock under each option shall be the fair
market value of the stock at the time of the grant of the option unless the employee to whom the option is granted owns greater than ten percent (10%) of the total combined voting power of all classes of stock of Bancshares or of any
Subsidiary, in which case the purchase price of the stock shall be one hundred ten percent (110%) of the fair market value of the stock at the time of the granting of the option. For purposes of the Plan, fair market value of the common stock
of Bancshares shall be determined in good faith by the Board. 
 7. Duration of Plan. The Plan shall be effective only upon its
approval by the favorable vote of the holders of a majority of the common stock of Bancshares. All options under the Plan shall be granted within ten (10) years from the Effective Date hereof; provided, however, that the Board may at any time
suspend or terminate the Plan. No option shall be granted during such suspension or after such termination. The suspension or termination of the Plan shall not, however, without the optionee’s consent, alter or impair any rights or obligations
under any option previously granted under the Plan. 
 8. Annual Limitation of Exercise of Options. In any calendar year, the
aggregate fair market value of stock (determined after the date of the grant of the options) to which options are exercisable by the first time by an employee may not exceed One Hundred Thousand Dollars ($100,000.00). This limitation shall be
applied by taking options into account in the order in which they are granted. 
 9. Exercise of Options; Option Vesting. All options
granted under the Plan must be exercised within the Option Term specified in the grant of the option; provided, however, that no 

  
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option granted under the Plan may be exercised later than ten (10) years after the option was granted. Any options granted to an employee under the Plan shall be subject to a five
(5) year vesting schedule, whereby the total number of shares of common stock with Bancshares subject to the option shall vest and therefore become exercisable by the employee in annual installments, said installments equal to the percentage in
the following vesting schedule: 
  

			
	 Number of Full Years Following Date of the
Grant of the Option to the Employee
	  	 Percentage of Shares of Common Stock Subject to
the Option Exercisable by the
Employee

	 1
	  	20%
	 2
	  	40%
	 3
	  	60%
	 4
	  	80%
	 5
	  	100% 

 By way of illustration only, assume that an employee is granted a stock option on July 1, 2005 to purchase five hundred
(500) shares of common stock of Bancshares. The employee will be entitled to purchase up to one hundred (100) shares of common stock on or after July 1, 2006, up to two hundred (200) shares on or after July 1, 2007, up to
three hundred (300) shares on or after July 1, 2008, up to four hundred (400) shares on or after July 1, 2009, and up to five hundred shares on or after July 1, 2010, until the expiration of the Option Term, but in no event
may the employee purchase more than five hundred (500) shares of common stock during the Option Term. By way of further illustration, using the same facts in the preceding sentence, the employee could purchase three hundred (300) shares of
common stock of Bancshares on or after July 1, 2008 and the remaining two hundred (200) shares on or after July 1, 2010, until the expiration of the Option Term. All options granted under the Plan, to the extent not theretofore
exercised, shall terminate and become null and void on the option termination date or sooner if the employee ceases to be in the continuous employ of Bancshares (whether by resignation, retirement, dismissal or otherwise). However, in the event of
the termination of such employment for any reason other than death or disability, the employee may exercise the option at any time within the three (3) month period following such termination, to the extent that such option was exercisable by
him on the date of termination of such employment. An option granted under the Plan may not be transferred except by will, the laws of descent and distribution, or non-probate transfer as provided in the Non-probate Transfers Law of Missouri and,
during the lifetime of the employee to whom granted, may be exercised only by him. If the employee dies or becomes disabled either (i) while in the employ of either Bancshares or a Subsidiary, or (ii) within three (3) months following
termination of such employment, to the extent the employee was entitled to exercise an option on the date of his or her death or disability, such option may, within one (1) year after his or her death or disability, be exercised by the person
or persons to whom the employee’s rights shall pass by will, the laws of descent and distribution, or non-probate transfer. For the purposes of this Plan, the term “disability” 

  
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 shall mean the inability of an individual to engage in, or perform, his or her duties within the scope of his or
her employment with either Bancshares or any Subsidiary for an indefinite period, due to a physical or mental disability which is expected to continue for period of not less than one (1) year, as evidenced by written statement or report
prepared by the employee’s physician which has diagnosed the disability. 
 10. Capital Adjustments Affecting Stock. In the
event of a capital adjustment resulting from a stock dividend, stock split, reorganization, merger, consolidation, or a combination or exchange of shares, the number of shares of stock subject to this Plan and the number of shares under option shall
be adjusted consistent with such capital adjustment. The price of any share under option shall be adjusted so that there will be no change in the aggregate purchase price payable under exercise of any such option. The granting of an option pursuant
to this Plan shall not affect in any way the right or power of Bancshares to make adjustments, reorganizations, reclassifications, or changes of its capital or business structure or to merge, consolidate, dissolve, liquidate, or sell or transfer all
or any part of its business or assets. 
 11. Stock for Investment. Each Employee Incentive Stock Option Agreement shall provide that
the employee shall upon each exercise of an option granted herein represent and warrant that his or her purchase of stock pursuant to such option is for investment only, and not with a view to distribution or resell. 

12. Amendment of Plan. The Committee or Board may at any time amend the Plan in such respects as the Board or Committee may deem
advisable in order that options granted under the Plan shall be “Incentive Stock Options” as defined in Code § 422, or in order to confirm to any changes in the law, or in any other respect which the Board or the Committee may deem to
be in the best interest of Bancshares; provided, however, that no such amendment shall, without further approval of the shareholders of Bancshares, (a) increase the aggregate number of shares of common stock of Bancshares which may be issued
under options granted pursuant to the Plan or the maximum number of shares for which an option or options may be granted under the Plan to any one employee; (b) change the minimum option purchase price; (c) increase the maximum period
during which options may be exercised; or (d) extend the termination date of the Plan. Any amendment to the Plan shall not, without the optionee’s consent, alter or impair any rights or obligations under any option theretofore granted
under the Plan. 
 IN WITNESS WHEREOF, this Plan is hereby executed under the authority of the Board of Directors of Bancshares, as of the
day and year first above written. 
  

									
					 LIBERTY BANCSHARES, INC.
  

	 (CORPORATE SEAL)
  

ATTEST:
 

  
 Secretary/Assistant Secretary
						 

  

					
				By	
						         Gary E. Metzger, President

 

						                    “Bancshares”

  
 4 

 FIRST AMENDMENT TO 

INCENTIVE STOCK OPTION PLAN OF 

LIBERTY BANCSHARES, INC. 

THIS FIRST AMENDMENT TO THE INCENTIVE STOCK OPTION PLAN (“First Amendment”) is made and entered into this 16th day of
January, 2007 (the “Effective Date”), by Liberty Bancshares, Inc., a financial holding corporation organized and existing under the laws of the State of Missouri (hereinafter referred to as “Bancshares”). 

W I T N E S S E T H: 

WHEREAS, effective May 10, 2005, the Board of Directors of Bancshares (the “Board”) adopted, with subsequent shareholder
approval, an Incentive Stock Option Plan (“Plan”); and 
 WHEREAS, the Board desires to amend the Plan in certain
particulars and Section 12 of the Plan gives the Board the authority to make amendments to the Plan; 
 NOW, THEREFORE, in
consideration of the above premises, the Board amends the Plan by adding the following provisions to the Plan: 
 1. This First Amendment
shall be effective for options granted under the Plan after the Effective Date. 
 2. The following new sections 13-17 shall be added to the
Plan: 
 “13. Confidential Information. Each employee to whom an option is granted under this Plan, in
consideration of the granting of such option, shall acknowledge in the Employee Incentive Stock Option Agreement that by reason of his employment by and service to Bancshares or a Subsidiary (hereinafter referred to collectively as the
“Employer”), the employee will have access to information or other data belonging to the Employer or developed by the employee on behalf of the Employer, (all of which is referred to herein as “Confidential
Information”). The employee shall agree in the Employee Incentive Stock Option Agreement that Confidential Information is a valuable and unique asset of the Employer and shall covenant that he will not, either during his service with the
Employer and for a period of twelve (12) months after his separation from service, for whatever reason (other than termination by Employer without cause), disclose any Confidential Information to any person for any reason whatsoever (except as
his duties as an employee of the Employer may require) without the prior written authorization of the Employer, unless such information is in the public domain through no fault of the employee or except as may be required by law. The employee shall
agree that the restrictions apply to all Confidential Information regarding the Employer, regardless of the source who provided or compiled such information. 

  
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 14. Non-Interference. Each employee to whom an option is granted under
this Plan, in consideration of the granting of such option, shall agree in the Employee Incentive Stock Option Agreement that during the employee’s service with the Employer and for twelve (12) months after his separation from service, for
whatever reason (other than termination by the Employer without Cause), he shall not, directly or indirectly, as an employee, officer, director, partner, consultant, contractor, agent, or otherwise, solicit, divert, call on, take away, aid, assist,
or participate in the providing of any loans or other financial products or services, or attempt to solicit, call on, divert, take away or assist, any client, customer or account who is or was a client, customer or account of the Employer during the
employee’s service with the Employer so as to limit, alter, or reduce the type or amount of business the client, customer or account conducts with the Employer. 

15. Non-Solicitation. Each employee to whom an option is granted under this Plan, in consideration of the granting of
such option, shall agree in the Employee Incentive Stock Option Agreement that during the employee’s service with the Employer and for twelve (12) months after his separation from service, for whatever reason (other than termination by the
Employer without cause), he shall not, directly or indirectly, as an employee, officer, director, partner, consultant, contractor, agent, or otherwise, participate in any way in hiring or otherwise engaging, or assisting any other person or entity
in hiring or otherwise engaging, on a temporary, part-time or permanent basis, any individual who was employed by the Employer as of the date of the employee’s separation from service, or who was employed by the Employer at any time within the
period of six (6) months preceding the date of the employee’s separation from service. 
 16. Forfeiture of
Option(s). Each employee to whom an option is granted under this Plan, in consideration of the granting of such option, shall agree in the Employee Incentive Stock Option Agreement that if the employee’s employment with the Employer is
terminated for cause, the unexercised portion of the option(s) granted (both unvested and vested, if any) will be forfeited and canceled without payment upon the employee’s termination of employment. Each employee shall further agree in the
Employee Incentive Stock Option Agreement that the unexercised portion of the option(s) granted (both unvested and vested, if any) may be forfeited and canceled in whole or in part and without payment, in the sole and absolute discretion of the
Employer, as a consequence of a disciplinary action or proceeding against the employee.” 
 3. Except as hereinabove provided in this
First Amendment, the Plan is hereby reaffirmed in all respects and the provisions thereof shall remain in full force and effect 
 IN
WITNESS WHEREOF, this Plan is hereby executed under the authority of the Board of Directors of Bancshares, as of the day and year first above written. 

  
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							 LIBERTY BANCSHARES, INC.
  

	 (CORPORATE SEAL)
  

ATTEST:
 

  
 Pat L. Sechler, Secretary
						 

  

					
				By	
						        Gary E. Metzger, President
						  

                    “Bancshares”

  
 3Exhibit
4.1

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
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.

 

	Principal
    Amount: $50,000.00	Issue
    Date: March 28th, 2015

 

8%
CONVERTIBLE NOTE

 

FOR
VALUE RECEIVED, RX SAFES, INC., a Nevada corporation (“Borrower” or “Company”), hereby promises
to pay to the order of EMA FINANCIAL, LLC, a Delaware limited liability company, or its registered assigns (the “Holder”),
on March 28th, 2016 (subject to extension as set forth below, the “Maturity Date”), the sum of $50,000.00 as set forth
herein, and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) per annum (the “Interest
Rate”) from the date of issuance hereof until this Note plus any and all accrued interest is paid in full. Interest shall
be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable on the Maturity Date (or
earlier acceleration hereof). Any amount of principal or interest on this Note which is not paid when due shall bear interest
at the rate of twenty-four (24%) per annum from the due date thereof until the same is paid (“Default Interest”).
All payments due hereunder shall be made in lawful money of the United States of America. All payments shall be made at such address
as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Whenever
any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the same shall instead
be due on the next succeeding day which is a business day and, in the case of any interest payment date which is not the date
on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining
the amount of interest due on such date. As used in this Note, the term “business day” shall mean any day other than
a Saturday, Sunday or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive
order to remain closed. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto
in that certain Securities Purchase Agreement entered into by and between the Company and Holder dated on or about the date hereof,
pursuant to which this Note was originally issued (the “Purchase Agreement”). The Holder may, by written notice to
the Borrower at least five (5) days before the Maturity Date (as may have been previously extended), extend the Maturity Date
to up to one (1) year following the date of the original Maturity Date hereunder.

 

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This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

The
following terms shall apply to this Note:

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1.      Conversion
Right. The Holder shall have the right, in its sole and absolute discretion, at any time
and from time to time to convert all or any part of the outstanding amount due under this Note into fully paid and non-assessable
shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the
Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion
Price”) determined as provided herein (a “Conversion”); provided, however, that in no event shall
the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the
sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common
Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised
or unconverted portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the
limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this
Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder
and its affiliates of more than 4.9% of the outstanding shares of Common Stock. For purposes of the proviso to the immediately
preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and Regulation 13D-G thereunder, except as otherwise provided in clause (1)
of such proviso, provided, further, however, that the limitations on conversion may be waived by the Holder
upon, at the election of the Holder, not less than 61 days’ prior notice to the Borrower, and the provisions of the conversion
limitation shall continue to apply until such 61st day (or such later date, as determined by the Holder, as may be specified in
such notice of waiver). The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined
by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in
the notice of conversion, in the form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the
Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile
or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before 11:59 p.m., New
York, New York time on such conversion date (the “Conversion Date”). The term “Conversion Amount” means,
with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion,
plus (2) accrued and unpaid interest, if any, on such principal amount being converted at the interest rates provided in
this Note to the Conversion Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred
to in the immediately preceding clauses (1) and/or (2) plus (4) at the Holder’s option, any amounts owed to the Holder
pursuant to Sections 1.3 and 1.4(g) hereof.

 

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1.2.      Conversion
Price.

 

a)      Calculation
of Conversion Price. The conversion price hereunder (the “Conversion Price”)
shall equal 65% of the lowest sale price for the Common Stock on the Principal Market
during the twenty (20) consecutive Trading Days immediately preceding the Conversion Date. However, if Company’s share price
at any time loses the bid (ex: 0.0001 on the ask with zero market makers on the bid on level 2), then the outstanding principal
amount then due hereunder shall be at the Holder’s sole and absolute discretion be increased by 20%. If such Common Stock
is not traded on the OTCBB, OTCPink, OTCQB, Nasdaq or NYSE, then the outstanding principal amount then due hereunder shall at
the Holder’s sole and absolute discretion, be increased by 50%. If such sale price cannot be calculated for such security
on such date in the manner provided above, such price shall be the fair market value as mutually determined by the Borrower and
the Holder. If the Borrower’s Common stock is chilled for deposit at DTC, becomes chilled at any point while this Note remains
outstanding or deposit or other additional fees are payable due to a Yield Sign, Stop Sign or other trading restrictions, or if
the closing sale price at any time falls below 0.01, then such 65% figure specified in clause 1.2(a)(ii) above shall be reduced
to 55%. Additionally, the Borrower acknowledges that it will take all reasonable steps necessary or appropriate, including providing
a board of directors resolution authorizing the issuance of common stock and an opinion of counsel confirming the rights of Holder
to sell shares of Common Stock issuable or issued to Holder on conversion of this Note pursuant to Rule 144 as promulgated by
the SEC (“Rule 144"), as such Rule may be in effect from time to time. If the Borrower does not promptly provide a
board of directors’ resolution and an opinion from Company counsel, and so long as the requested sale may be made pursuant
to Rule 144, the Company agrees to accept an opinion of counsel to the Holder which opinion will be issued at the Company’s
expense and the conversion dollar amount will be reduced by $500.00 to cover the cost of such legal opinion. “Trading Day”
shall mean any day on which the Common Stock is tradable for any period on the OTC Pink market, or on the principal securities
exchange or other securities market on which the Common Stock is then being traded. Additionally, if the Company ceases to be
a reporting company pursuant to the 1934 Act or if the Note cannot be converted into free trading shares after 181 days from the
issuance date, an additional 15% discount will be attributed to the Conversion Price.

 

b)      Without
in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion
of this Note is not delivered by the Deadline (as defined below) the Borrower shall pay to the Holder $500.00 per day in cash,
for each day beyond the Deadline that the Borrower fails to deliver such Common Stock. Such cash amount shall be paid to Holder
by the fifth day of the month following the month in which it has accrued or, at the option of the Holder, shall be added to the
principal amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such
additional principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees
that the right to convert this Note is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate,
or interference with such conversion right are difficult if not impossible to quantify. Accordingly the parties acknowledge that
the liquidated damages provision contained in this Section are justified.

 

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1.3.      Authorized
Shares. The Borrower covenants that the Borrower will at all times
while this Note is outstanding reserve from its authorized and unissued Common Stock a sufficient number of shares, free from
preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note. The Borrower is required
at all times to have authorized and reserved three (3) times the number of shares that is actually issuable upon full conversion
of this Note (based on the Conversion Price of the Notes in effect from time to time)(the “Reserved Amount”). Initially,
the Company will instruct the Transfer Agent to reserve such number of shares of
Common Stock as is equal to 300% of the current number of conversion shares into which this Note is convertible, without regard
to any limitations set forth therein, in the name of the Holder for issuance upon conversion hereof. The Borrower represents that
upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall
issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into
which this Note shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision
so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive
rights, for conversion of this Note in full. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent
to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note
shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute
and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

 

If,
at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of
the Note.

 

1.4.      Method
of Conversion.

 

a)      Mechanics
of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time and from time
to time after the Issue Date, by submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means
of communication dispatched on the Conversion Date prior to 11:59 p.m., New York, New York time).

 

b)      Book
Entry upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance
with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid
principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount
so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower,
so as not to require physical surrender of this Note upon each such conversion. In the event of any dispute or discrepancy, such
records of the Borrower shall, prima facie, be controlling and determinative in the absence of manifest error. Notwithstanding
the foregoing, if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note unless the Holder
first physically surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order
of the Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes)
may request, representing in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee, by
acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a
portion of this Note, the unpaid and unconverted principal amount of this Note represented by this Note may be less than the amount
stated on the face hereof.

 

c)      Payment
of Taxes. The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved in the
issue and delivery of shares of Common Stock or other securities or property on conversion of this Note in a name other than that
of the Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities
or property unless and until the person or persons (other than the Holder or the
custodian in whose street name such shares are to be held for the Holder’s account) requesting the issuance thereof shall
have paid to the Borrower the amount of any such tax or shall have established to the satisfaction of the Borrower that such tax
has been paid.

 

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d)      Delivery
of Common Stock upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other
reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section
1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates
for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”)
(and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with
the terms hereof and the Purchase Agreement.

 

e)      Obligation
of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a duly and properly executed Notice of Conversion, the
Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal
amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the
Borrower defaults on its obligations under this Article I, all rights with respect to the portion of this Note being so converted
shall forthwith terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided,
on such conversion. If the Holder shall have given a Notice of Conversion as provided herein, the Borrower’s obligation
to issue and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any
action by the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment
against any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower
to the holder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by
the Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation
of the Borrower to the Holder in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall
be the Conversion Date so long as the Notice of Conversion is received by the Borrower before 11:59 p.m., New York, New York time,
on such date.

 

f)       Delivery
of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable
upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated Securities
Transfer (“FAST”) program, upon request of the Holder and its compliance with the provisions contained in Section
1.1 and in this Section 1.4, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the
Common Stock issuable upon conversion to the Holder by crediting the account of Holder’s Prime Broker with DTC through its
Deposit Withdrawal Agent Commission (“DWAC”) system.

 

g)      Failure
to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion
of this Note is not delivered by the Deadline, the Borrower shall pay to the Holder $500.00 per day in cash, for each day beyond
the Deadline that the Borrower fails to deliver such Common Stock to the Holder. Such cash amount shall be paid to Holder by the
fifth day of the month following the month in which it has accrued or, at the option of the Holder, shall be added to the principal
amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional
principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the
right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, or interference
with such conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge that the liquidated
damages provision contained in this Section 1.4(g) are justified.

 

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h)     The
Borrower acknowledges that it will take all reasonable steps necessary
or appropriate, including providing an opinion of counsel confirming the rights of Holder to sell shares of Common Stock issued
to Holder on conversion of the Note pursuant to Rule 144 as promulgated by the SEC (“Rule 144"), as such Rule may be
in effect from time to time. If the Borrower does not promptly provide an opinion from Borrower counsel, and so long as the requested
sale may be made pursuant to Rule 144, the Borrower agrees to accept an opinion of counsel to the Holder which opinion will be
issued at the Holder’s expense.

 

1.5.      Restricted
Securities. The shares of Common Stock issuable upon conversion of this Note may not be
sold or transferred unless (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the
Borrower or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance
and scope customary for opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred
may be sold or transferred pursuant to an exemption from such registration or (iii) such shares are sold or transferred pursuant
to Rule 144 under the Act (or a successor rule) (“Rule 144”) or (iv) such shares are transferred to an “affiliate”
(as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section
1.5 and who is an Accredited Investor (as defined in the Purchase Agreement). Any legend set forth on any stock certificate evidencing
any Conversion Shares shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer
legend if (i) the Borrower or its transfer agent shall have received an opinion of counsel form, substance and scope customary
for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made
without registration under the Act, which opinion shall be reasonably acceptable to the Company, or (ii) in the case of the Common
Stock issued or issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
statement filed under the Act or otherwise 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.

 

1.6.      Effect
of Certain Events.

 

a)      Effect
of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all
of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more
than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the
Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i) be
deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder
upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III)
or (ii) be treated pursuant to Section 1.6(b) hereof. “Person” shall mean any individual, corporation, limited liability
company, partnership, association, trust or other entity or organization.

 

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b)      Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all
of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares
of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of
all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower,
then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon
the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion,
such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted
in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such
case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that
the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities
or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but in any event at least
fifteen (15) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no
such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other
similar event or sale of assets (during which time, for clarification, the Holder shall be entitled to convert this Note) and
(b) the resulting successor or acquiring entity assumes by written instrument the obligations of this Section 1.6(b). The above
provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

c)      Adjustment
Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets)
to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or
distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary
(i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this
Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets
which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such
Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such
Distribution. Such assets shall be held in escrow by the Company pending any such conversion.

 

d)      Purchase
Rights. If, at any time when any Notes are issued and outstanding, the Borrower issues any convertible securities or rights
to purchase stock, warrants, securities or other property (the “Purchase Rights”) pro rata to the record holders of
any class of Common Stock, then the Holder of this Note will be entitled to acquire, upon the terms applicable to such Purchase
Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had held the number of shares of Common
Stock acquirable upon complete conversion of this Note (without regard to any limitations on conversion contained herein) immediately
before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record is taken,
the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

 

    	7

    	 

    

 

e)      Stock
Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (A) pays a stock dividend or otherwise
makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities convertible
into or exercisable for Common Stock; (B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines
(including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (D) issues,
in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion
Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, of which the numerator
shall be the number of shares of Common Stock outstanding immediately before such event and of which the denominator shall be
the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall
become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or
distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

f)      Notice
of Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the events described
in this Section 1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and prepare and furnish
to the Holder a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment
or readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such Holder a like
certificate setting forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in effect and (iii) the number
of shares of Common Stock and the amount, if any, of other securities or property which at the time would be received upon conversion
of the Note.

 

1.7.      Revocation.
If any Conversion Shares are not received by the Deadline, the Holder may revoke the applicable Conversion pursuant to which
such Conversion Shares were issuable. This Note shall remain convertible after the Maturity Date hereof until this Note is repaid
or converted in full.

 

1.8.      Prepayment.
Notwithstanding anything to the contrary contained in this Note, subject
to the terms of this Section, at any time during the period beginning on the Issue Date and ending on the date which is four (4)
months following the Issue Date (“Prepayment Termination Date”), Borrower shall have the right, exercisable on not
less than five (5) Trading Days prior written notice to the Holder of this Note, to prepay the outstanding balance on this Note
(principal and accrued interest), in full, in accordance with this Section. Any notice of prepayment hereunder (an “Optional
Prepayment Notice”) shall be delivered to the Holder of the Note at its registered addresses and shall state: (1) that the
Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be not more than ten (10) Trading
Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”),
the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to or upon the order of the Holder as specified
by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Prepayment Date. If the Borrower
exercises its right to prepay the Note, the Borrower shall make payment to the Holder of an
amount in cash (the “Optional Prepayment Amount”) equal to the Prepayment Factor (as defined below), multiplied by
the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal
amount of this Note to the Optional Prepayment Date plus (y) Default Interest, if any, on the amounts referred to
in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof. If the Borrower
delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two
(2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant
to this Section. After the Prepayment Termination Date, the Borrower shall have no right to prepay this Note. For purposes hereof,
the “Prepayment Factor” shall equal 125%.

 

    	8

    	 

    

 

ARTICLE
II. CERTAIN COVENANTS

 

2.1.      Sale
of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business.
Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

2.2.      Advances
and Loans. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without
limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances in
existence or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof.

 

2.3.      Charter.
So long as the Borrower shall have any obligations under this Note, the Borrower shall not amend its charter documents, including
without limitation its certificate of incorporation and bylaws, in any manner that materially and adversely affects any rights
of the Holder.

 

ARTICLE
III. EVENTS OF DEFAULT

 

Any
one or more of the following events which shall occur and/or be continuing shall constitute an event of default (each, an “Event
of Default”):

 

3.1.      Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest
thereon when due on this Note, whether at maturity, upon acceleration or otherwise.

 

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3.2.      Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or
announces or threatens in writing that it will not honor its obligation to do so at any time following the execution hereof or)
upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer
or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common
Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower
directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing)
(electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion
of or otherwise pursuant to this Note as and when required by this Note, or fails 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 shares of Common Stock issued to the Holder upon conversion
of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat
that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or
any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for five (5) business
days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its
obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered
or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances
any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower
to the Holder within forty eight (48) hours of a demand from the Holder.

 

3.3.      Breach
of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and any
collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of seven (7) days
after written notice thereof to the Borrower from the Holder.

 

3.4.      Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement),
shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have)
a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.5.      Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed.

 

3.6.      Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower
or any subsidiary of the Borrower or any of its property or other assets for more than $50,000.00, and shall remain unvacated,
unbonded or unstayed for a period of twenty (20) days unless otherwise consented to by the Holder, which consent will not be unreasonably
withheld.

 

3.7.     Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any
subsidiary of the Borrower.

 

3.8.      Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the
Common Stock on at least one of the OTC Pink, the OTCQB or an equivalent replacement exchange, Nasdaq, the NYSE or AMEX.

 

3.9.      Failure
to Comply with the Exchange Act. The Borrower shall fail to comply in any material respect with the reporting requirements
of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

 

    	10

    	 

    

 

3.10.    Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.11.   Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to
pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as
a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.12.   Maintenance of Assets. The failure by Borrower, during the term of this Note, to maintain any material intellectual property
rights, personal, real property or other assets which are necessary to conduct its business (whether now or in the future).

 

3.13.   Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC for any
date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result
of such restatement would, by comparison to the unrestated financial statement, have constituted a material adverse effect on
the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.14.   Reverse Splits. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice
to the Holder.

 

3.15.   Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails
to 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.

 

3.16.   Cross-Default. Notwithstanding anything to the contrary contained in this Note or the other related or companion documents,
a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after
the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under
this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights
and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement
or hereunder. “Other Agreements” means, collectively, all agreements and instruments between, among or by: (1) the
Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory
notes; provided, however, the term “Other Agreements” shall not include the related or companion documents to this
Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future
debt of Borrower to the Holder.

 

    	11

    	 

    

 

Upon
the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to
pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable
and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum
(as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE
SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER,
AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO. (2). Upon the
occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay
the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7
or upon acceleration), 3.3, 3.4, 3.6, 3.8, 3.9, 3.11, 3.12, 3.13, 3.14, and/or 3. 15 exercisable through the delivery of written
notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence of an Event of Default specified
in the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon at the Maturity
Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder,
in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% times the sum of (w)
the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount
of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if any, on
the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and
1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment plus the amounts referred to in
clauses (x), (y) and (z) shall collectively be known as the “Default Sum”) or (ii) the “parity value”
of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion
of or otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately preceding the
Mandatory Prepayment Date as the “Conversion Date” for purposes of determining the lowest applicable Conversion Price,
unless the Default Event arises as a result of a breach in respect of a specific Conversion Date in which case such Conversion
Date shall be the Conversion Date), multiplied by (b) the highest Closing Price for the Common Stock during the period
beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the
“Default Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without demand,
presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal
fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law
or in equity.

 

If
the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable,
then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that
there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default
Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then
in effect. The Holder may still convert any amounts due hereunder, including without limitation the Default Sum, until such time
as this Note has been repaid in full.

 

ARTICLE
IV. MISCELLANEOUS

 

4.1.      Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

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4.2.      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 facsimile or email, with accurate confirmation generated by the transmitting
facsimile machine or computer, at the address, email or number designated in the Purchase Agreement (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.

 

4.3.      Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder.
The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the
other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so
amended or supplemented.

 

4.4.      Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder
and its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule
501(a) of the 1933 Act). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection
with a bona fide margin account or other lending arrangement.

 

4.5.      Cost
of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

4.6.      Governing
Law. This Note shall be governed by and construed in accordance with the laws of the
State of New York without regard to conflicts of laws principles that would result in the application of the substantive laws
of another jurisdiction. Any action brought by either party against the other concerning the transactions contemplated by this
Agreement must be brought only in the civil or state courts of New York or in the federal courts located in the State and county
of New York. Both parties and the individual signing this Agreement on behalf of the Borrower agree to submit to the jurisdiction
of such courts. 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 Note 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 unenforceability of any other provision of this Note. Nothing contained herein shall be deemed or operate to preclude
the Holder from bringing suit or taking other legal action against the Borrower in any other jurisdiction to collect on the Borrower’s
obligations to Holder, to realize on any collateral or any other security for such obligations, or to enforce a judgment or other
decision in favor of the Holder. This Note shall be deemed an unconditional obligation of Borrower for the payment of money
and, without limitation to any other remedies of Holder, may be enforced against Borrower by summary proceeding pursuant to New
York Civil Procedure Law and Rules Section 3213 or any similar rule or statute in the jurisdiction where enforcement is sought.
For purposes of such rule or statute, any other document or agreement to which Holder and Borrower are parties or which Borrower
delivered to Holder, which may be convenient or necessary to determine Holder’s rights hereunder or Borrower’s obligations
to Holder are deemed a part of this Note, whether or not such other document or agreement was delivered together
herewith or was executed apart from this Note.

 

    	13

    	 

    

 

4.7.      Certain
Amounts. Whenever pursuant to this Note the Borrower is required to pay
an amount in excess of the outstanding principal amount (or the portion thereof required to be paid at that time) plus accrued
and unpaid interest plus Default Interest on such interest, the Borrower and the Holder agree that the actual damages to the Holder
from the receipt of cash payment on this Note may be difficult to determine and the amount to be so paid by the Borrower represents
stipulated damages and not a penalty and is intended to compensate the Holder in part for loss of the opportunity to convert this
Note and to earn a return from the sale of shares of Common Stock acquired upon conversion of this Note at a price in excess of
the price paid for such shares pursuant to this Note. The Borrower and the Holder hereby agree that such amount of stipulated
damages is not plainly disproportionate to the possible loss to the Holder from the receipt of a cash payment without the opportunity
to convert this Note into shares of Common Stock.

 

4.8.      Disclosure.
Upon receipt or delivery by the Company of any notice in accordance with the terms of this Note, unless the Company has in
good faith determined that the matters relating to such notice do not constitute material, non-public information relating to
the Company or any of its Subsidiaries, the Company shall within one (1) Trading Day after any such receipt or delivery, publicly
disclose such material, non-public information on a Current Report on Form 8-K or otherwise. In the event that the Company believes
that a notice contains material, nonpublic information relating to the Company or any of its Subsidiaries, the Company so shall
indicate to such Holder contemporaneously with delivery of such notice, and in the absence of any such indication, the Holder
shall be allowed to presume that all matters relating to such notice do not constitute material, non-public information relating
to the Company or its Subsidiaries.

 

4.9.      Notice
of Corporate Events. Except as otherwise provided below, the Holder of this Note shall
have no rights as a Holder of Common Stock unless and only to the extent that it converts this Note into Common Stock. The Borrower
shall provide the Holder with prior notification of any meeting of the Borrower’s shareholders (and copies of proxy materials
and other information sent to shareholders). In the event of any taking by the Borrower of a record of its shareholders for the
purpose of determining shareholders who are entitled to receive payment of any dividend or other distribution, any right to subscribe
for, purchase or otherwise acquire (including by way of merger, consolidation, reclassification or recapitalization) any share
of any class or any other securities or property, or to receive any other right, or for the purpose of determining shareholders
who are entitled to vote in connection with any proposed sale, lease or conveyance of all or substantially all of the assets of
the Borrower or any proposed liquidation, dissolution or winding up of the Borrower, the Borrower shall mail a notice to the Holder,
at least twenty (20) days prior to the record date specified therein (or thirty (30) days prior to the consummation of the transaction
or event, whichever is earlier), of the date on which any such record is to be taken for the purpose of such dividend, distribution,
right or other event, and a brief statement regarding the amount and character of such dividend, distribution, right or other
event to the extent known at such time. The Borrower shall make a public announcement of any event requiring notification to the
Holder hereunder substantially simultaneously with the notification to the Holder in accordance with the terms of this Section
4.9.

 

    	14

    	 

    

 

4.10.
 Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the
Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly,
the Borrower acknowledges that the remedy at law for a breach of its obligations under this Note will be inadequate and agrees,
in the event of a breach or threatened breach by the Borrower of the provisions of this Note, that the Holder 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 Note and to enforce specifically the terms and provisions
thereof, without the necessity of showing economic loss and without any bond or other security being required.

 

4.11.
   Usury. This Note shall be subject to the anti-usury limitations contained in the Purchase Agreement.

 

(Remainder
of Page intentionally left blank)

 

    	15

    	 

    

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer as of the Issue Date first
set forth above.

 

	RX
    SAFES, INC.	 
	 	 	 
	By:	/s/ Lorraine
    Yarde	 
	 	Name: Lorraine
    Yarde	 
	 	Title:   CEO	 

 

    	16

    	 

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

The
undersigned hereby elects to convert principal under the 8% Convertible Note of RX SAFES, INC., a Nevada corporation (the Company”),
into shares of common stock (the “Common Stock”), of the Company according to the conditions hereof, as
of the date written below. If shares of Common Stock are to be issued in the name of a person other than the undersigned, the
undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions
as reasonably requested by the Company in accordance therewith. No fee will be charged to the holder for any conversion, except
for such transfer taxes, if any.

 

By
the delivery of this Notice of Conversion the undersigned represents and warrants to the Company that its ownership of the Common
Stock does not exceed the amounts specified under Section 1.1 of this Note, as determined in accordance with Section 13(d) of
the Exchange Act.

 

The
undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with
any transfer of the aforesaid shares of Common Stock pursuant to any prospectus.

 

Conversion
calculations:

 

Date
to Effect Conversion: ______________________________

 

Conversion
Price: ____________________________________

 

Principal
Amount of Note to be Converted: _________________

 

Interest
Accrued on Account of Conversion at Issue: _________

 

Number
of shares of Common Stock to be issued: ____________

 

 

Signature: __________________________________________

 

Name: _____________________________________________

 

Address
for Delivery of Common Stock Certificates: __________

 __________________________________________________

 __________________________________________________

 

Or

 

DWAC
Instructions:

Broker
No:__________________

Account
No:_________________

 

 

 

17

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