Document:

Exhibit 10.14

 

MASTER SERVICES AGREEMENT

 

This Master Services Agreement
(the "Agreement"), dated as of the 5th
day of February, 2020 (the "Effective Date"),
is by and between Kubient Inc., with offices located at 330 7th Avenue, 10th Floor, New York, NY
10001 ("Kubient") and The Associated Press, a New York not-for-profit corporation with principal
place of business located at 200 Liberty Street, New York, NY 10281 (the "Customer").
Each of Customer and Kubient may be referred to herein individually as a "Party" and collectively as the "Parties".

 

WHEREAS, Customer wishes to increase the revenue
derived from its traffic, content, websites, applications, podcasts, audience and database, and would like to retain Kubient to
support and assist in that process as described herein;

 

For good and valuable consideration, the receipt of which is
acknowledged by each Party, the Parties agree as follows:

 

1.
Kubient Services. The services provided by Kubient pursuant to each specific engagement by Customer (the "Service"
or "Services") shall be set forth
and detailed in individual exhibits attached hereto (each an "Exhibit"),
which shall be subject to the terms and conditions hereof and be incorporated as part of this Agreement. Kubient shall
use reasonable efforts to provide to Customer the Services. Customer agrees to provide all reasonable and necessary access, support
and cooperation for Kubient to provide the Services in a timely and effective manner. Nothing herein is intended nor shall be
construed as creating an exclusive arrangement between Customer and Kubient. This Agreement will not restrict Customer offering
Inventory via other agents or otherwise selling Inventory to any third parties.

 

2.
Kubient License. In the event Customer shall utilize Kubient's ad serving technology as part of the Services, Kubient
hereby grants to Customer a limited, royalty-free, non-exclusive, non-transferable, non-assignable, without right of sublicense,
revocable license to access, participate in and use to the full extent the Auction Platform as hosted by Kubient, for the purpose
of serving Inventory at Target Demand ("          ").
The Auction Platform will place Creative from the Target Demand with the Winning Bid Price on Google Ad Manager for such
Creative to be placed on Customer's websites.

 

3.
Kubient License Definitions. Certain capitalized terms used in this Agreement shall have meanings set forth below.

 

(a)            
 "Auction" means a real-time auction through the Auction Platform for the placement of Creatives on Customer's
websites and applications.

 

(b)           
 "Auction Platform" means that technology licensed or created by Kubient on which a Registered Bidder may
Bid for Inventory.

 

(c)           
"Bid" means a price for which a Registered Bidder
is willing to pay for Impressions in an Auction via the Auction Platform.

 

(d)           
"Creative" means, as applicable: (i) any Digital ad, or Companion ad as defined in the IAB's Portfolio
and Guidelines.

 

(e)            
"Impression(s)" means the number of times a Creative is served to, and received by, a visitor viewing
the Inventory as measured by Kubient.

 

(f)            
 "Registered Bidder" means a person or entity that executed an agreement with Kubient in order to use the
Auction Platform to participate in Auction and to deliver Impressions in Inventory.

 

(g)           
"Request(s)" means the data sent from Customer to Kubient that is used in the auction to determine a Bid.

 

(h)           
"Target Demand" means the Registered Bidder that has placed a Bid for Impressions to be delivered in Inventory.

 

(i)             
"Inventory" means advertising space on, within or associated with
premium content on web site(s) or app(s) offered through the Auction Platform by Customer.

 

(j)               
"Winning Bid Price" means the price at which the Auction Platform awards Impressions to a bidding party
which shall be no less than the minimum price that Customer has agreed to accept.

 

4.
Term and Termination. (a) The initial term of this Agreement shall be one (1) year from the Effective Date (the "Initial
Term"). This Agreement will automatically renew for additional 1-year terms unless earlier terminated pursuant
to this Agreement's express provisions (together with the Initial Term, such additional periods the "Term"). Neither
Party may terminate this Agreement during the Initial Term except as set forth in paragraph 4(b) or any Exhibit. Either Party
may terminate this Agreement for any reason following the Initial Term upon ninety (90) days written notice to the other
Party. Except for termination for material breach as detailed in paragraph 4(b), Kubient shall be entitled to all fees
generated during the termination period regardless of which Party terminates the Agreement,

 

(b) Either
Party may terminate this Agreement if the other Party commits a material breach of the Agreement and upon thirty (30) days
written notice to the other Party, such other Party hasn't cured the breach within such thirty (30) days. Either Party may
terminate the Agreement immediately if the other party (i) becomes insolvent or makes a general assignment for the benefit of
creditors; (ii) suffers or permits the appointment of a conservator or receiver for its business or assets or any similar
action by a governmental entity for the purpose of assuming operation or control of the Party due to the financial condition
of the Party; (iii) becomes subject to any proceeding under any bankruptcy or insolvency law whether domestic or foreign and
such proceeding or action has not been dismissed within a sixty (60) period; or (iv) has wound up or liquidated its business,
voluntarily or otherwise.

 

    

     

    

 

(c) Upon termination of the Agreement:
(i) Kubient will cease providing the Services; (ii) the license granted under section 3 shall be revoked, (iii) Customer
will promptly cease use of the Services and the Auction Platform; (iv) and each Party will return or destroy any of the other Party's
Confidential Information then in its possession.

 

5.      
Fees and Payment. The Parties agree to share any revenue generated as a result of this Agreement, or Customer's use
of the Services or the Auction Platform, as set forth and detailed in each applicable Exhibit. Unless specified otherwise in an
Exhibit, Kubient shall be responsible for contracting with all advertisers, agencies, media buyers, and/or sponsors (collectively
"Advertisers") on Customer's behalf, including
Advertisers with whom Customer has existing relationships. Pursuant to the doctrine of sequential liability, payment from Kubient
to Customer shall be made within seven (7) days from Kubient's receipt of payment, regardless of when Customer submits an invoice.
Customer acknowledges and agrees that Kubient shall proceed with recovery of the amounts due on a best effort basis but will not
initiate any legal action against a delinquent party without the express written consent and support of Customer. Except of taxes
associated with Kubient's income, Customer shall be responsible for paying all applicable sales, use or other taxes, duties, or
tariffs applicable to its use of the Services.

 

6.      
Use of Service. (a) Customer will comply with all international, federal, state and local laws, rules, and regulations
of any governmental or regulating authority ("Law") that are applicable to its business and use of the
Service. Customer agrees that it will not transfer or (unless expressly and specifically approved by Kubient in advance and in
writing) allow third-party access to the Service. Customer will not modify, translate, alter, tamper with, repair, or otherwise
create derivative works of any software included in any Service; reverse engineer, disassemble, or decompile any software or Service
or apply any other process or procedure to derive source code of any software included in any Service; or resell, transfer, assign,
or use as a service bureau any Service. Customer will ensure that its stories, articles, polls, videos, pictures, photographs,
images, broadcasts, and any other type of content (collectively the "Content"),
and each of its websites, devices, applications, podcasts, ads, emails, databases or any other types of mediums for
which the Service is engaged (collectively the "Properties")
contains or is linked to a privacy policy in accordance with applicable Law. Customer shall be responsible and solely
liable for all the Content (including without limitation all intellectual property rights therein) and the Properties.

 

7.      
Limitation of Liability. (a) EXCEPT WITH RESPECT TO THE PARTIES' LIABILITY FOR INDEMNIFICATION, OR LIABILITY FOR BREACH
OF CONFIDENTIALITY, NEITHER PARTY SHALL BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, PUNITIVE, SPECIAL OR OTHER SIMILAR
DAMAGES, WHETHER OR NOT CAUSED BY THE OTHER PARTY'S EMPLOYEES OR REPRESENTATIVES„ WHETHER UNDER TORT (INCLUDING NEGLIGENCE),
CONTRACT OR OTHER THEORIES OF RECOVERY, EVEN IF THE OTHER PARTY WAS OR SHOULD HAVE BEEN AWARE OR WAS ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES.

 

8.      
Arbitration. Each Party agrees and does waive trial by jury in any action, proceeding or counterclaim brought against
the other Party for any matter whatsoever arising out of or in any way connected with this Agreement. No action, suit or proceeding
shall be brought against a Party more than one year after the date of termination this Agreement. Any controversy or claim arising
out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration
Association under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any
court having jurisdiction thereof

 

    

     

    

 

9.       Representations,
Warranties, and Covenants. (a) Each Party represents, warrants and covenants to the other that (i) it has the full right,
power, and authority to enter into this Agreement; (ii) the execution of this Agreement and performance of its obligations
under this Agreement do not and will not violate any other agreement to which it is a party; and (iii) this Agreement
constitutes a legal, valid and binding obligation when agreed to. (b) Kubient represents, warrants and covenants that:
(i) the Service and any deliverables provided hereunder by Kubient do not and shall not infringe, misappropriate or violate
any patent, copyright, trademark, trade secret, publicity, privacy or other rights of any third party; (ii) the Service will
perform in all material respects to industry standards; (iii) the collection, maintenance, management and storage of visitor
information (data), to the extent collected, directed by, maintained or stored by Kubient, as well as the performance of the
Auction Platform, is and shall be in a secure manner using best practices of security technology and best practices to
protect against loss, misuse or alteration of data and Kubient shall use measures in accordance with industry standards to
ensure that all databases shall be accessible only by certain authorized personnel of Kubient or Customer; (iv) it will
ensure that the product and service provided by Kubient shall be free of any viruses, Trojan Horses, worms, time bombs, trap
doors, back doors, Easter eggs, cancelbots, or other computer programming routines that will damage, detrimentally interfere
with, surreptitiously intercept or expropriate any system, data or information; (v) the execution and delivery of the
Agreement and the performance of its obligations hereunder do not conflict with or violate applicable Laws or regulations;
(vi) any services provided by it shall comply with the terms of this Agreement and shall be free from errors that materially
affect their utility; (vii) it owns or controls the rights granted or licensed to Customer herein; (viii) it is the rightful
owner or licensee of all intellectual property rights to the Service, the Auction Platform and products delivered hereunder;
(ix) it is now and throughout the Term shall comply with all applicable Laws in connection with the operation of its business
and the performance of its obligations hereunder or the provision of the Service, except to the extent that such failure
would not, in the aggregate, reasonably be expected to have a material adverse effect on Customer's business, (x) it shall
not place advertising for guns, tobacco products, pornography, illegal products and any products identified by the IAB as
excluded categories for advertising and (xi) it will ensure that all Target Bidders have agreed to provide representations
and warranties with respect to the Creative in accordance with industry standards, including, without limitation, that all
Creative is supported by competent and reliable prior substantiation in accordance with Law and complies with applicable Law
and is not defamatory, libelous, slanderous or otherwise unlawful. (c) Customer
represents and warrants that: (i) it is the sole and rightful owner of all the Content and Properties, or has the necessary
rights to the Content and Properties to meet its obligations hereunder; (ii) the Content and Properties do not and shall not
infringe, misappropriate or violate any patent, copyright, trademark, trade secret, publicity, privacy or other intellectual
property or other rights of any third party; (iii) the collection, maintenance, management and storage of visitor information
(data), to the extent collected, maintained or stored by Customer or a third-party on Customer's behalf, is in a secure
manner using best practices of security technology and best practices to protect against loss, misuse or alteration of data
and Customer shall use measures in accordance with industry standards to ensure that all databases shall be accessible only
by certain authorized personnel of Kubient or Customer in accordance with Customer's privacy policy and applicable Law; and
(iv) the execution and delivery of the Agreement and the performance of its obligations hereunder do not and will not violate
any applicable Law.

 

10.   
Indemnification. (a) Kubient agrees to indemnify, defend, and hold harmless Customer and its officers, directors, managers,
members, agents, and employees from all third-party allegations, claims, actions, losses, expenses, damages, costs (including,
without limitation, reasonable attorneys' fees) or liabilities ("Claims") arising out of or in connection with:
(i) the Services; (ii) the Auction Platform; (iii) to the best of its knowledge the Creative placed onto Customer's platforms
or websites by the Auction Platform; (iv) Kubient's breach of any representation or warranty under this Agreement or (v) the acts
or omissions of Kubient or a third party hired by, employed, retained or under Kubient control with respect to Kubient's obligations
hereunder. (b) Customer agrees to indemnify, defend, and hold harmless Kubient and its owners, shareholders, officers, directors,
managers, agents, and employees from all third-party Claims arising out of or in connection with (i) Customer's unauthorized or
inappropriate use of the Services, (ii) Customer's unauthorized or inappropriate use of the Auction Platform, (iii) Customer's
breach of any representation or warranty under this Agreement, or (iv) the Content or Properties, including any allegation or
claim that the Content or Properties violate or infringe on an y third party rig hts, or (v) the acts or omissions of Customer
or a third party hired by, employed, retained or under Customer's control.

 

11.   
Indemnification Procedures. Any claim for indemnification hereunder shall be subject to the following provisions: (i)
the party seeking indemnification shall provide prompt written notice of the claim to the indemnifying party, provided that any
delay in providing notice shall not relieve the indemnifying party of its indemnity obligations ; (ii) the indemnifying party
shall have the right to control the defense and all negotiations relative to the settlement of any such claim, provided that no
settlement admitting liability on the part of the indemnified party may be made without the express written consent of the indemnified
party; and (iii) the indemnified party shall reasonably cooperate with the indemnifying party and its counsel at the indemnifying
party's cost and expense.

 

12.   
Confidentiality. "Confidential Information” means any tangible and intangible non-public information
in any form (including written information, oral statements and electronically stored data) which a party discloses (the "Discloser")
to the other party (the "Recipient") including,
without limitation, information relating to trade secrets, systems, know-how, products, processes (including manufacturing processes),
inventions, computer software programs, marketing or sales techniques, financial condition, costs, business interests, initiatives,
objectives, plans, strategies, customers, suppliers, lenders, underwriters, or employees, that is marked as confidential or identified
at the time of disclosure as being confidential or is otherwise disclosed under circumstances that would lead a reasonable person
to conclude that such information is confidential, excluding information that: (a) was in Recipient's possession before receipt
from the Discloser pursuant this Agreement; (b) is in or enters the public domain without a breach of this Agreement; (c) is rightfully
received by Recipient from a third party who was not known by Recipient to be legally or contractually restricted from disclosing
such information; or (d) is independently developed by Recipient without use of or reference to the Discloser's Confidential Information.
Recipient will protect the Confidential Information, for one (1) year from the date of disclosure, by using at least the same
degree of care as it uses to protect its own Confidential Information, but no less than a reasonable degree of care, to prevent
unauthorized use, disclosure or publication. Notwithstanding the foregoing, if Recipient is required by applicable Law or a valid
legal order to disclose any Confidential Information, Recipient shall, before such disclosure, notify Discloser of such requirements,
if legally permissible and reasonably practicable, so that Discloser may seek a protective order or other remedy, and Recipient
shall reasonably assist Discloser therewith (at Discloser's cost). If Recipient remains legally compelled to make such disclosure,
it shall only disclose that portion of the Confidential Information Recipient is required to disclose. Without limiting the foregoing,
Recipient: (x) will not use, disclose, make available or reproduce the Confidential Information (or permit others to do so) except
as expressly authorized in this Agreement; (y) will not disclose any such Confidential Information to anyone except employees
and directors of Recipient to whom disclosure is necessary for the performance of the Agreement; and (z) will appropriately notify
such employees and directors that the disclosure is made in confidence and will be kept in confidence in accordance with this
Agreement. If Recipient becomes aware of any loss or unauthorized disclosure of Confidential Information, Recipient will promptly
notify Discloser of such and use reasonable efforts to retrieve such Confidential Information.

 

    

     

    

 

13.     
Disclaimer. Except as expressly set forth herein, the Services are provided on an "as is," "where is,"
and "as available" basis, and, to the maximum extent permitted by Law, Kubient disclaims, and Customer hereby waives,
all representations and warranties, express or implied, arising by operation of Law or otherwise, except for the representations
and warranties set forth in this Agreement, including but not limited to the implied warranties of merchantability, fitness for
a particular purpose, as well as any warranties arising from a course of dealing, usage or trade practice. Kubient makes no representation
or warranty and expressly disclaims, and Customer understands and acknowledges, that there is no guarantee that any minimum level
of revenue or profit will be generated by either Party as a result of the Services or this Agreement.

 

14.     
General Provisions.

 

(a)       This Agreement is governed in all respects by the laws of the State of Delaware without giving effect to its conflict of
laws principles. Each Party hereby irrevocably submits for all disputes to the exclusive jurisdiction and venue of the state and
federal courts located in New York, New York.

 

(b)       Each
Party's names, trademarks and logos are the exclusive property of said respective Party, and neither Party will acquire any
proprietary rights therein by reason of this Agreement or any other agreement. Neither Party may issue any publicity release
or marketing materials identifying the other Party without the prior express written approval of such other Party, provided
however, the Parties agree to issue a joint press release within ninety (90) days of the Effective Dave announcing the
Agreement.

 

(c)       The
relationship of the Parties is that of independent contractors, and nothing herein is intended, nor should be construed, to
create a partnership, agency, joint venture or employment relationship. No act or statement of either Party will operate to
bind the other and neither Party will hold itself out or have any authority as an agent of the other for any purposes
whatsoever.

 

(d)      
If any legal action, including, without limitation, an action for arbitration or injunctive relief, is brought relating
to the Agreement or in breach hereof, the prevailing party in any final judgment or arbitration award shall be entitled to recover
its reasonable expenses, including all court costs, arbitration fees and reasonable attorney's fees.

 

(e)      
All notices provided pursuant to this Agreement will be in writing and will be deemed given (i) if by personal delivery,
upon receipt thereof; (ii) if mailed five 5 days after deposit in the US mail, postage prepaid, certified mail return receipt requested;
or (iii) if sent via overnight courier, upon receipt. All notices will be sent to the person who has signed this Agreement (at
the address set forth above) or to such other person or address as either party may specify in writing.

 

(f)        If
any provision of this Agreement is unenforceable, illegal or invalid under any applicable Law or court of competent
jurisdiction, then such unenforceability or invalidity will not render the Agreement unenforceable or invalid. In such event,
such provision will be deemed restated in accordance with applicable Law to reflect as nearly as possible the original
intentions of the parties, and the remainder of the Agreement will remain in full force and effect. Provisions that should
reasonably be considered to survive termination of the Agreement will survive and be enforceable after such termination or
expiration, including without limitation provisions relating to confidentiality, proprietary rights, indemnification,
limitations of liability, effects of termination, and governing Law. The delay or failure of either Party to exercise any
right or power provided in this Agreement or to require performance by the other Party of any provision of this Agreement
will not impair such right or power, or be deemed a waiver thereof. A waiver by either Party of any covenants to be performed
by the other or any breach thereof will not be taken or held to be a waiver of any succeeding breach thereof or of any other
covenant contained in this Agreement or under any agreement.

 

(g)       Neither
Party will be liable under this Agreement by reason of any damages, failure or delays in the performance of its obligations
under such Agreement (except for the payment of money) on account of any cause beyond the reasonable control of such Party,
such as fire, explosion, power failures, pest damage, lightning or power surges, strikes or labor disputes, water, war, civil
disturbances, terrorism, acts of civil or military authorities, inability to secure raw materials, transportation facilities,
fuel or energy shortages, performance or availability of communications services or networks and network facilities failures
of any suppliers or service providers, or other causes beyond the Party's reasonable control.

 

(h)       Neither
Party may assign (voluntarily, by operation of law, or otherwise) this Agreement or any rights or obligations under this Agreement without the other Party's prior written consent, which shall not be unreasonably withheld, provided however, that
either Party may assign this Agreement without approval or consent to any affiliate or purchaser of all or substantially all
of said Party's assets related to the subject matter of this Agreement or to any successor by way of merger, stock sale,
consolidation or similar transaction. Any attempted assignment other than in accordance herewith will be void. Subject to the
foregoing, the Agreement will bind and inure to the benefit of the Parties and their respective
successors and permitted assigns. The Agreement completely and exclusively states the agreement of the Parties regarding its
subject matter. This Agreement supersedes, and its terms govern, all prior proposals, agreements, or other communications
between the parties, oral or written, regarding its subject matter.

 

(i)        This Agreement is intended for
the sole and exclusive benefit of the Parties hereto, is not intended to confer any rights or benefits on any third party, and
only the Parties may enforce such Agreement. This Agreement shall be binding on both Parties when signed on behalf of each Party,
and may be signed in one or more counterparts, each of which shall be deemed to be an original and both of which when taken together
will constitute one and the same agreement. Fax or electronically scanned copies of such executed documents may be used in lieu
of the originals for any purpose.

 

    

     

    

 

IN WITNESS WHEREOF, the Parties hereto have caused
this Agreement to be executed by their duly authorized representatives as of the dates written below.

 

	Kubient Signature:	 
	 	 
	 /s/
    Paul Roberts	 
	By:	Paul
    Roberts 	 
	Its:	CFO	 
	Date:	2-6-2020	 
	 	 
	Customer Signature:	 
	 	 
	 /s/
    Paul Caluori	 
	By:	Paul
    Caluori	 
	Its:	VP,
Global Products	 
	Date:	02-05-2020	 

 

    

     

    

 

EXHIBIT ‘B’

 

This
Exhibit B is entered into as of the 26th day of March 2020 by and between Kubient, Inc. ("Kubient"), and The
Associated Press ("Customer"). This Exhibit is hereby incorporated into and made a part of the Master Services Agreement
(the "Agreement") between the Parties (Effective Date: February 5, 2020).

 

NATURE OF ENGAGEMENT: Customer
has retained Kubient to help increase revenue from its consumer offerings, including but not limited to its websites, apps, videos,
and podcasts.

 

SERVICES: Kubient
shall provide to Customer advertising and related business revenue consultation with respect to the AP News site, AP News mobile
app, AP DNE sites and widgets. This includes all categories identified in the threshold table in Schedule 1 to Exhibit B.

 

REVENUE SHARE/FEE: Commencing
on March 1, 2020 and thereafter, the Parties shall share revenue generated from Customer's consumer offerings, including but not
limited to its content, technology, traffic, data, websites, apps, videos and podcasts, without offset and regardless of which
Party is responsible for securing such revenue, as per the attached Schedule 1.

 

RECONCILIATION/PAYMENT TERMS:
The Parties agree to reconcile revenue numbers and the revenue share
calculations no later than 10 days following the end of each calendar month during which the Services were rendered. Subject to
the doctrine of sequential liability, payment shall be made to the appropriate Party net 30 days from the end of the calendar month.

 

NON-CIRCUMVENT: As
part of the Services provided under the Agreement and any applicable exhibits, Kubient will be working with and introducing certain
third-party advertisers, sponsors, agencies, media buyers, service providers, vendors, publishers, affiliates and/or media partners
(collectively "Third-Party") with whom Customer does not have a pre-existing relationship. During the Term and any renewal
terms of the Agreement, and for a period of one (1) year following the expiration or earlier termination thereof, Customer agrees
not to work with, directly or indirectly, any Third-Party that Customer comes to know through disclosure by Kubient as part of
the Services, without the express written consent of Kubient and compensation to Kubient under the applicable exhibit and/or schedule.
Provided however, this provision shall not apply in the
event Customer can establish, in writing, that it had a preexisting working relationship with such Third-Party prior to the Agreement
and without Kubient's assistance. Customer acknowledges that this provision is reasonable and necessary for the protection of Kubient
and that Kubient will be irrevocably damaged if such covenant is not specifically enforced. Customer further agrees that Kubient
will be entitled to seek injunctive relief for the purpose of restraining Customer from violating this covenant (and no bond or
other security shall be required in connection therewith) in addition to any other relief to which Kubient may be entitled under
the Agreement.

 

NON-SOLICITATION: During
the Term and any renewal terms of the Agreement, and for a period of one (1) year following the expiration or earlier termination
thereof, Customer shall not, without Kubient's prior written consent, directly or indirectly (i) solicit or encourage any person
to leave the employment or other service of Kubient; or (ii) hire, on behalf of Customer or any other person or entity, any person
who has left the employment of Kubient within the one (1) year period following the termination or end of that person's employment.
During the Term and any renewal terms of the Agreement, and for a period of one (1) year following the expiration or earlier termination
thereof, Customer shall not, whether for its own account or for the account of any other person or entity, interfere with the relationship
of Kubient with, or endeavor to entice away from Kubient, any person or entity who was or is a an employee or Third-Party of Kubient.

 

CONFLICTING TERMS: The
Schedule 1 shall supersede the flat fee and Initial Revenue Share set forth in Exhibit A. The payment term provision above shall
supersede the payment term provision set forth in Exhibit A.

 

IN WITNESS WHEREOF, the
parties hereto have caused this Exhibit A to be executed by their duly authorized representatives as of the 26th day of March,
2020.

  

	Kubient Signature:	 
	 	 
	 	 
	By:	/s/ Paul
Roberts	 
	Its:	President	 
	Date:	3/27/2020	 
	 	 
	Customer Signature:	 
	 	 
	 	 
	By:	/s/
    Ted Mendelsohn	 
	Its:	VP, Commercial Mkts	 
	Date:	3/27/2020	 

 

    

     

    

 

SCHEDULE 1 TO EXHIBIT 'B' 

 

This Schedule 1 to Exhibit B
("Schedule 1") is entered into as of the 26th day of March, 2020 by and between Kubient, Inc. ("Kubient"),
and The Associated Press ("Customer"). This Schedule 1 is hereby incorporated into and made a part of Exhibit B to the
Master Services Agreement between the Parties (Effective Date: February 5, 2020).

 

	 	Monthly Revenue*	Below Threshold	Above Threshold
	Type	Threshold	Customer	Kubient	Customer	Kubient
	Programmatic/Display	$300,000.00	90%	10%**	50%	50%
	Video	$30,000.00	100%	0%	50%	50%
	Direct Deals***	Undertone	100%	0%	50%	50%
	Native****	$100,000.00	100%	0%	50%	50%
	Data/Newsletter	$-	0%	0%	50%	50%
	Podcasts	$-	0%	0%	50%	50%
	Other	$-	0%	0%	50%	50%

 

*All "Revenue" calculations
shall refer to gross revenue actually received by the collecting party less client credits and allowances for returns, but without
any deduction or offset for costs incurred by either Party, except for "Direct Deals". For "Direct Deals",
 "Revenue" shall refer to Net Revenue, defined as gross revenue actually received by the collecting party less client
credits and allowances for returns and less any agreed upon costs incurred by either Party in support of a "Direct Deal"
for such things as production, photography, video, content creation and/or media buying (i.e. Nativo).

 

Programmatic/Display refers to
revenue generated by the following clients and any additional clients that AP adds during the term: Google Adexchange, Index Exchange,
OpenX, Smaata, Rhythm One; Rubicon; TripleLift; Amazon; DistrictM; AppNexus; Xandr; Media.net; Criteo; Sovm; Saamba; AOL
Marketplace **Kubient "Below Threshold" monthly compensation shall act as a guaranteed draw against any Kubient "Above
Threshold" monthly compensation generated from any/all Types of "Revenue". This compensation shall expire on September
1, 2020, such that Kubient shall not be entitled to or receive after the month of August.

 

***"Direct Deals"
shall refer to any sort of sponsorship or customized off-platform opportunity (e.g., via AP's native or social media channels)
introduced by Kubient. Kubient shall have no right to or interest in "Revenue" generated from Direct Deals with Regions
Bank, Undertone, or Healthgrades. Kubient shall have no right to or interest in "Revenue" generated from Nativo, except
for new "Direct Deals" introduced by Kubient that generate Net Revenue.

 

****"Native" ad-based revenue is generated
by Taboola. Kubient shall have no right to or interest in any "Above Threshold" Native ad- based revenue generated by
Taboola.

 

ACKNOWLEDGEMENT: Customer acknowledges and
agrees that the above calculations are based on its own revenue reports and present a fair, reasonable and accurate representation
of its monthly average digital revenue.

 

IN WITNESS WHEREOF, the parties hereto have
caused this Exhibit B to be executed by their duly authorized representatives as of the 26th day of March, 2020.

 

	Kubient Signature:	 
	 	 
	 	 
	By:	/s/
Paul Roberts	 
	Its:	President	 
	Date:	3/27/2020	 
	 	 
	Customer Signature:	 
	 	 
	 	 
	By:	/s/
    Ted Mendelsohn	 
	Its:	VP, Commercial Mkts	 
	Date:	3/27/2020Exhibit
10.1

 

COMMON
STOCK PURCHASE AGREEMENT

 

This
common stock purchase agreement is entered into as of June 30, 2020 (this “Agreement”), by and between Verus
International, Inc., a Delaware corporation (the “Company”), and White Lion Capital, LLC, a Nevada
limited liability company (the “Investor”).

 

WHEREAS,
the parties desire that, upon the terms and subject to the conditions contained herein, the Investor shall purchase, from time
to time, as provided herein, and the Company shall issue and sell Five Million Dollars ($5,000,000) of the Company’s Common
Stock (as defined below);

 

NOW,
THEREFORE, the parties hereto agree as follows:

 

ARTICLE
I

CERTAIN
DEFINITIONS

 

Section
1.1 DEFINED TERMS. As used in this Agreement, the following terms shall have the following meanings specified or indicated
(such meanings to be equally applicable to both the singular and plural forms of the terms defined):

 

“Agreement”
shall have the meaning specified in the preamble hereof.

 

“Average
Daily Trading Volume” shall mean the average daily trading volume of the Company’s Common Stock in the five (5)
Business Days immediately preceding the respective Purchase Notice date.

 

“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

“Business
Day” shall mean a day on which the Principal Market shall be open for business.

 

“Claim
Notice” shall have the meaning specified in Section 9.3(a).

 

“Clearing
Costs” shall mean all of the Investor’s broker, Transfer Agent, and commission expenses.

 

“Clearing
Date” shall mean the first Business Day that the Investor holds the Purchase Notice Shares in its brokerage account.

 

“Closing”
shall mean one of the closings of a purchase and sale of shares of Common Stock pursuant to Section 2.2.

 

“Closing
Date” shall mean the date that is six (6) Business Days after the Clearing Date.

 

“Commitment
Amount” shall mean Five Million Dollars ($5,000,000).

 

“Commitment
Period” shall mean the period commencing on the Execution Date and ending on the earlier of (i) the date on which the
Investor shall have purchased Purchase Notice Shares pursuant to this Agreement equal to the Commitment Amount, (ii) December
31, 2022, or (iii) written notice of termination by the Company to the Investor upon a material breach of this Agreement by Investor.

 

“Common
Stock” shall mean the Company’s common stock, $0.000001 value per
share, and any shares of any other class of common stock whether now or hereafter authorized, having the right to participate
in the distribution of dividends (as and when declared) and assets (upon liquidation of the Company).

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock.

 

    	 

     

    

 

“Company”
shall have the meaning specified in the preamble to this Agreement.

 

“Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

“Damages”
shall mean any loss, claim, damage, liability, cost and expense (including, without limitation, reasonable attorneys’ fees
and disbursements and costs and expenses of expert witnesses and investigation).

 

“Dispute
Period” shall have the meaning specified in Section 9.3(a).

 

“Document
Preparation Fee” shall mean $5,000 in cash payable by the Company to the Investor out of the first Closing.

 

“DTC”
shall mean The Depository Trust Company, or any successor performing substantially the same function for the Company.

 

“DTC/FAST
Program” shall mean the DTC’s Fast Automated Securities Transfer Program.

 

“DWAC”
shall mean Deposit Withdrawal at Custodian as defined by the DTC.

 

“DWAC
Eligible” shall mean that (a) the Common Stock is eligible at DTC for full services pursuant to DTC’s Operational
Arrangements, including, without limitation, transfer through DTC’s DWAC system, (b) the Company has been approved (without
revocation) by the DTC’s underwriting department, (c) the Transfer Agent is approved as an agent in the DTC/FAST Program,
(d) the Purchase Notice Shares are otherwise eligible for delivery via DWAC, and (e) the Transfer Agent does not have a policy
prohibiting or limiting delivery of the Purchase Notice Shares, as applicable, via DWAC.

 

“DWAC
Shares” means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and
without restriction on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified
DWAC account with DTC under the DTC/FAST Program, or any similar program hereafter adopted by DTC performing substantially the
same function.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Exchange
Cap” shall have the meaning set forth in Section 7.1(c).

 

“Execution
Date” shall mean the date of this Agreement.

 

“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.

 

“Indemnified
Party” shall have the meaning specified in Section 9.2.

 

“Indemnifying
Party” shall have the meaning specified in Section 9.2.

 

“Indemnity
Notice” shall have the meaning specified in Section 9.3(e).

 

“Investment
Amount” shall mean the Purchase Notice Shares referenced in the Purchase Notice multiplied by the Purchase Price.

 

“Investor”
shall have the meaning specified in the preamble to this Agreement.

 

“Lien”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

    	 

     

    

 

“Material
Adverse Effect” shall mean any effect on the business, operations, properties, or financial condition of the Company
and the Subsidiaries that is material and adverse to the Company and the Subsidiaries and/or any condition, circumstance, or situation
that would prohibit or otherwise materially interfere with the ability of the Company to enter into and perform its obligations
under any Transaction Document.

 

“Market
Price” shall mean the one (1) lowest traded price on the Principal Market for any Business Day.

 

“Person”
shall mean an individual, a corporation, a partnership, an association, a trust or other entity or organization, including a government
or political subdivision or an agency or instrumentality thereof.

 

“Principal
Market” shall mean any of the national exchanges (i.e. NYSE, NYSE AMEX, Nasdaq), or principal quotation systems (i.e.
OTCQX, OTCQB, OTC Pink, the OTC Bulletin Board), or other principal exchange or recognized quotation system which is at the time
the principal trading platform or market for the Common Stock.

 

“Purchase
Notice” shall mean a written notice from Company, substantially in the form of Exhibit A hereto, to Investor setting
forth the Purchase Notice Shares which the Company intends to require Investor to purchase pursuant to the terms of this Agreement.

 

“Purchase
Notice Shares” shall mean all shares of Common Stock issued, or that the Company shall be entitled to issue, per applicable
Purchase Notice in accordance with the terms and conditions of this Agreement.

 

“Purchase
Price” shall mean 95% of the Market Price of the Common Stock during the Valuation Period.

 

“Registration
Statement” shall have the meaning specified in Section 6.2.

 

“Regulation
D” shall mean Regulation D promulgated under the Securities Act.

 

“Rule
144” shall mean Rule 144 under the Securities Act or any similar provision then in force under the Securities Act.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“SEC
Documents” shall have the meaning specified in Section 4.5.

 

“Securities”
mean the Purchase Notice Shares.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Subsidiary”
means any Person the Company wholly-owns or controls, or in which the Company, directly or indirectly, owns a majority of the
voting stock or similar voting interest, in each case that would be disclosable pursuant to Item 601(b)(21) of Regulation S-K
promulgated under the Securities Act.

 

“Third
Party Claim” shall have the meaning specified in Section 9.3(a).

 

“Transaction
Documents” shall mean this Agreement and all schedules and exhibits hereto and thereto.

 

“Transfer
Agent” shall mean the current transfer agent of the Company, and any successor transfer agent of the Company.

 

“Valuation
Period” shall mean five (5) business days prior to Closing Date.

 

    	 

     

    

 

ARTICLE
II

PURCHASE
AND SALE OF COMMON STOCK

 

Section
2.1 PURCHASE NOTICES. Upon the terms and conditions set forth herein (including, without limitation, the provisions of
Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor
of a Purchase Notice from time to time, to purchase Purchase Notice Shares provided that the amount of Purchase Notice Shares
shall not exceed 250% of the Average Daily Trading Volume or the Beneficial Ownership Limitation set forth in Section 7.2(g).
Notwithstanding the foregoing, the Company may not deliver a subsequent Purchase Notice until the Closing of an active Purchase
Notice, except if waived by the Investor in writing.

 

Section
2.2 MECHANICS.

 

(a)
PURCHASE NOTICE. At any time and from time to time during the Commitment Period, except as provided in this Agreement,
the Company may deliver a Purchase Notice to Investor, subject to satisfaction of the conditions set forth in Section 7.2 and
otherwise provided herein. The Company shall deliver the Purchase Notice Shares as DWAC Shares to the Investor alongside delivery
of the Purchase Notice.

 

(b)
DATE OF DELIVERY OF PURCHASE NOTICE. A Purchase Notice shall be deemed delivered on (i) the Business Day it is received
by email by the Investor if such notice is received on or prior to 8:00 a.m. New York time or (ii) the immediately succeeding
Business Day if it is received by email after 8:00 a.m. New York time on a Business Day or at any time on a day which is not a
Business Day.

 

(c)
CLOSING. The Closing of a Purchase Notice shall occur after the market close six (6) Business Days after the Clearing Date,
whereby the Investor, shall deliver the Investment Amount (minus the Clearing Costs), by wire transfer of immediately available
funds to an account designated by the Company.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES OF INVESTOR

 

The
Investor represents and warrants to the Company that:

 

Section
3.1 INTENT. The Investor is entering into this Agreement for its own account and the Investor has no present arrangement
(whether or not legally binding) at any time to sell the Securities to or through any Person in violation of the Securities Act
or any applicable state securities laws; provided, however, that the Investor reserves the right to dispose of the
Securities at any time in accordance with federal and state securities laws applicable to such disposition.

 

Section
3.2 NO LEGAL ADVICE FROM THE COMPANY. The Investor acknowledges that it has had the opportunity to review this Agreement
and the transactions contemplated by this Agreement with its own legal counsel and investment and tax advisors. The Investor is
relying solely on such counsel and advisors and not on any statements or representations of the Company or any of its representatives
or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated by this Agreement
or the securities laws of any jurisdiction.

 

Section
3.3 ACCREDITED INVESTOR. The Investor is an accredited investor as defined in Rule 501(a)(3) of Regulation D, and the Investor
has such experience in business and financial matters that it is capable of evaluating the merits and risks of an investment in
the Securities. The Investor acknowledges that an investment in the Securities is speculative and involves a high degree of risk.

 

Section
3.4 AUTHORITY. The Investor has the requisite power and authority to enter into and perform its obligations under the Transaction
Documents and to consummate the transactions contemplated hereby and thereby. The execution and delivery of the Transaction Documents
and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action
and no further consent or authorization of the Investor is required. The Transaction Documents to which it is a party has been
duly executed by the Investor, and when delivered by the Investor in accordance with the terms hereof, will constitute the valid
and binding obligation of the Investor enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by
other equitable principles of general application.

 

    	 

     

    

 

Section
3.5 NOT AN AFFILIATE. The Investor is not an officer, director or “affiliate” (as that term is defined
in Rule 405 of the Securities Act) of the Company.

 

Section
3.6 ORGANIZATION AND STANDING. The Investor is an entity duly incorporated or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability
company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents.

 

Section
3.7 ABSENCE OF CONFLICTS. The execution and delivery of the Transaction Documents, and the consummation of the transactions
contemplated hereby and thereby and compliance with the requirements hereof and thereof, will not (a) violate any law, rule, regulation,
order, writ, judgment, injunction, decree or award binding on the Investor, (b) violate any provision of any indenture, instrument
or agreement to which the Investor is a party or is subject, or by which the Investor or any of its assets is bound, or conflict
with or constitute a material default thereunder, (c) result in the creation or imposition of any lien pursuant to the terms of
any such indenture, instrument or agreement, or constitute a breach of any fiduciary duty owed by the Investor to any third party,
or (d) require the approval of any third-party (that has not been obtained) pursuant to any material contract, instrument, agreement,
relationship or legal obligation to which the Investor is subject or to which any of its assets, operations or management may
be subject.

 

Section
3.8 DISCLOSURE; ACCESS TO INFORMATION. The Investor had an opportunity to review copies of the SEC Documents filed on behalf
of the Company and has had access to all publicly available information with respect to the Company.

 

Section
3.9 MANNER OF SALE. At no time was the Investor presented with or solicited by or through any leaflet, public promotional
meeting, television advertisement or any other form of general solicitation or advertising.

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

The
Company represents and warrants to the Investor that, except as disclosed in the SEC Documents or except as set forth in any disclosure
schedules hereto:

 

Section
4.1 ORGANIZATION OF THE COMPANY. The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite
power and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the
Company nor any Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation,
bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business
and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted
or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as
the case may be, could not have or reasonably be expected to result in a Material Adverse Effect and no proceeding has been instituted
in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

 

Section
4.2 AUTHORITY. The Company has the requisite corporate power and authority to enter into and perform its obligations under
the Transaction Documents. The execution and delivery of the Transaction Documents by the Company and the consummation by it of
the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action and no further consent
or authorization of the Company or its Board of Directors or stockholders is required. The Transaction Documents have been duly
executed and delivered by the Company and constitutes a valid and binding obligation of the Company enforceable against the Company
in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or similar laws
relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by other equitable principles
of general application.

 

    	 

     

    

 

Section
4.3CAPITALIZATION. As of the date hereof, the authorized capital stock of the Company consists of 7,500,000,000 shares
of Common Stock, par value of $0.000001 per share, of which approximately 2,594,000,000
shares of Common Stock are issued and outstanding. The authorized capital stock of the Company also consists of 120,000,000,000
shares of Series A convertible preferred stock, par value of $0.000001 per share, of which 28,944,601 shares of preferred stock
are issued and outstanding, 1,000,000 shares of Series B convertible preferred stock, par value of $0.000001 per share, of which
0 shares of preferred stock are issued and outstanding, and 1,000,000 shares of Series C convertible preferred stock, par value
of $0.000001 per share, of which 430,801 shares of preferred stock are issued and outstanding. The Company has not issued any
capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the exercise of employee
stock options under the Company’s stock option plans, the issuance of shares of Common Stock to employees pursuant to the
Company’s employee stock purchase plans and pursuant to the conversion, the conversion of certain convertible notes payable,
and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic report under the Exchange
Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in
the transactions contemplated by the Transaction Documents. Except as disclosed in its most recently filed periodic report under
the Exchange Act and except as a result of the purchase and sale of the Securities, there are no outstanding options, warrants,
scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations
convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire any shares of
Common Stock, or contracts, commitments, understandings or arrangements by which the Company or any Subsidiary is or may become
bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and sale of the Securities will not
obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Investor) and will not
result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any of
such securities. There are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s
capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s
stockholders.

 

Section
4.4 LISTING AND MAINTENANCE REQUIREMENTS. The Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange
Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the
registration of the Common Stock under the Exchange Act nor has the Company received any notification that the SEC is contemplating
terminating such registration. The Company has not, in the twelve (12) months preceding the date hereof, received notice from
the Principal Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance
with the listing or maintenance requirements of such Principal Market. The Company is and has no reason to believe that it will
not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.

 

Section
4.5 SEC DOCUMENTS; DISCLOSURE. The Company has filed all reports, schedules, forms, statements and other documents required
to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof,
for the one (1) year preceding the date hereof (or such shorter period as the Company was required by law or regulation to file
such material) (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being
collectively referred to herein as the “SEC Documents”). As of their respective dates, the SEC Documents complied
in all material respects with the requirements of the Securities Act and the Exchange Act, as applicable, and other federal laws,
rules and regulations applicable to such SEC Documents, and none of the SEC Documents when filed contained any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading. The financial statements of the Company included
in the SEC Documents comply as to form and substance in all material respects with applicable accounting requirements and the
published rules and regulations of the SEC or other applicable rules and regulations with respect thereto. Such financial statements
have been prepared in accordance with generally accepted accounting principles applied on a consistent basis during the periods
involved (except (a) as may be otherwise indicated in such financial statements or the notes thereto or (b) in the case of unaudited
interim statements, to the extent they may not include footnotes or may be condensed or summary statements) and fairly present
in all material respects the financial position of the Company as of the dates thereof and the results of operations and cash
flows for the periods then ended (subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments).
Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company
confirms that neither it nor any other Person acting on its behalf has provided the Investor or its agents or counsel with any
information that it believes constitutes or might constitute material, non-public information. The Company understands and confirms
that the Investor will rely on the foregoing representation in effecting transactions in securities of the Company.

 

    	 

     

    

 

Section
4.6 VALID ISSUANCES. The Securities are duly authorized and, when issued and paid for in accordance with the applicable
Transaction Documents, will be duly and validly issued, fully paid, and non-assessable, free and clear of all Liens imposed by
the Company other than restrictions on transfer provided for in the Transaction Documents.

 

Section
4.7 NO CONFLICTS. The execution, delivery and performance of the Transaction Documents by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Purchase
Notice Shares, do not and will not: (a) result in a violation of the Company’s or any Subsidiary’s certificate or
articles of incorporation, by-laws or other organizational or charter documents, (b) conflict with, or constitute a material default
(or an event that with notice or lapse of time or both would become a material default) under, result in the creation of any Lien
upon any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, instrument or any “lock-up” or similar provision
of any underwriting or similar agreement to which the Company or any Subsidiary is a party, or (c) result in a violation of any
federal, state or local law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations)
applicable to the Company or any Subsidiary or by which any property or asset of the Company or any Subsidiary is bound or affected
(except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually
or in the aggregate, have a Material Adverse Effect) nor is the Company otherwise in violation of, conflict with or in default
under any of the foregoing. The business of the Company is not being conducted in violation of any law, ordinance or regulation
of any governmental entity, except for possible violations that either singly or in the aggregate do not and will not have a Material
Adverse Effect. The Company is not required under federal, state or local law, rule or regulation to obtain any consent, authorization
or order of, or make any filing or registration with, any court or governmental agency in order for it to execute, deliver or
perform any of its obligations under the Transaction Documents (other than any SEC, FINRA or state securities filings that may
be required to be made by the Company subsequent to any Closing or any registration statement that may be filed pursuant hereto);
provided that, for purposes of the representation made in this sentence, the Company is assuming and relying upon the accuracy
of the relevant representations and agreements of Investor herein.

 

Section
4.8 NO MATERIAL ADVERSE CHANGE. No event has occurred that would have a Material Adverse Effect on the Company that has
not been disclosed in subsequent SEC filings.

 

Section
4.9 LITIGATION AND OTHER PROCEEDINGS. Except as disclosed in the SEC Documents, there are no actions, suits, investigations,
inquiries or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary
or any of their respective properties, nor has the Company received any written or oral notice of any such action, suit, proceeding,
inquiry or investigation, which would have a Material Adverse Effect. No judgment, order, writ, injunction or decree or award
has been issued by or, to the knowledge of the Company, requested of any court, arbitrator or governmental agency which would
have a Material Adverse Effect. There has not been, and to the knowledge of the Company, there is not pending or contemplated,
any investigation by the SEC involving the Company, any Subsidiary or any current or former director or officer of the Company
or any Subsidiary.

 

Section
4.10 REGISTRATION RIGHTS. No Person (other than the Investor) has any right to cause the Company to effect the registration
under the Securities Act of any securities of the Company or any Subsidiary.

 

    	 

     

    

 

ARTICLE
V

COVENANTS
OF INVESTOR

 

Section
5.1 SHORT SALES AND CONFIDENTIALITY. Neither the Investor, nor any affiliate of the Investor acting on its behalf or pursuant
to any understanding with it, will execute any Short Sales during the period from the date hereof to the end of the Commitment
Period. For the purposes hereof, and in accordance with Regulation SHO, the sale after delivery of a Purchase Notice of such number
of shares of Common Stock reasonably expected to be purchased under a Purchase Notice shall not be deemed a Short Sale. The Investor
shall, until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company in accordance
with the terms of this Agreement, maintain the confidentiality of the existence and terms of this transaction and the information
included in the Transaction Documents.

 

Section
5.2 COMPLIANCE WITH LAW; TRADING IN SECURITIES. The Investor’s trading activities with respect to shares of Common
Stock will be in compliance with all applicable state and federal securities laws and regulations and the rules and regulations
of FINRA and the Principal Market.

 

ARTICLE
VI

COVENANTS
OF THE COMPANY

 

Section
6.1 LISTING OF COMMON STOCK. The Company shall promptly secure the listing of all of the Purchase Notice Shares to be issued
to the Investor hereunder on the Principal Market (subject to official notice of issuance) and shall use commercially reasonable
best efforts to maintain, so long as any shares of Common Stock shall be so listed, the listing of all such Purchase Notice Shares
from time to time issuable hereunder. The Company shall use its commercially reasonable efforts to continue the listing and trading
of the Common Stock on the Principal Market (including, without limitation, maintaining sufficient net tangible assets) and will
comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of FINRA and
the Principal Market.

 

Section
6.2 FILING OF CURRENT REPORT AND REGISTRATION STATEMENT. The Company agrees that it shall file a Current Report on Form
8-K, including the Transaction Documents as exhibits thereto, with the SEC within the time required by the Exchange Act, relating
to the transactions contemplated by, and describing the material terms and conditions of, the Transaction Documents (the “Current
Report”). The Company shall permit the Investor to review and comment upon the final pre-filing draft version of the
Current Report at least two (2) Business Days prior to its filing with the SEC, and the Company shall give reasonable consideration
to all such comments. The Investor shall use its reasonable best efforts to comment upon the final pre-filing draft version of
the Current Report within one (1) Business Day from the date the Investor receives it from the Company. The Company shall also
file with the SEC, within forty-five (45) Business Days from the date hereof, a new registration statement (the “Registration
Statement”) covering only the resale of the Purchase Notice Shares and any other shares as directed by Investor.

 

ARTICLE
VII

CONDITIONS
TO DELIVERY OF

PURCHASE
NOTICE AND CONDITIONS TO CLOSING

 

Section
7.1 CONDITIONS PRECEDENT TO THE RIGHT OF THE COMPANY TO ISSUE AND SELL PURCHASE NOTICE SHARES. The right of the Company
to issue and sell the Purchase Notice Shares to the Investor is subject to the satisfaction of each of the conditions set forth
below:

 

(a) ACCURACY
OF INVESTOR’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Investor shall be true and
correct in all material respects as of the date of this Agreement and as of the date of each Closing as though made at each
such time.

 

(b)
PERFORMANCE BY INVESTOR. Investor shall have performed, satisfied and complied in all respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by the Investor at or prior to such Closing.

 

(c)
PRINCIPAL MARKET REGULATION. The Company shall not issue any Purchase Notice Shares, and the Investor shall not have the
right to receive any Purchase Notice Shares, if the issuance of such Purchase Notice Shares would exceed the aggregate number
of shares of Common Stock which the Company may issue without breaching the Company’s obligations under the rules or regulations
of the Principal Market (the “Exchange Cap”).

 

    	 

     

    

 

Section
7.2 CONDITIONS PRECEDENT TO THE OBLIGATION OF INVESTOR TO PURCHASE PURCHASE NOTICE SHARES. The obligation of the Investor
hereunder to purchase Purchase Notice Shares is subject to the satisfaction of each of the following conditions:

 

(a)
EFFECTIVE REGISTRATION STATEMENT. The Registration Statement, and any amendment or supplement thereto, shall remain effective
for the resale by the Investor of the Purchase Notice Shares and (i) neither the Company nor the Investor shall have received
notice that the SEC has issued or intends to issue a stop order with respect to such Registration Statement or that the SEC otherwise
has suspended or withdrawn the effectiveness of such Registration Statement, either temporarily or permanently, or intends or
has threatened to do so and (ii) no other suspension of the use of, or withdrawal of the effectiveness of, such Registration Statement
or related prospectus shall exist.

 

(b)
ACCURACY OF THE COMPANY’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Company shall
be true and correct in all material respects as of the date of this Agreement and as of the date of each Closing (except for representations
and warranties specifically made as of a particular date).

 

(c)
PERFORMANCE BY THE COMPANY. The Company shall have performed, satisfied and complied in all material respects with all
covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company.

 

(d)
NO INJUNCTION. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or adopted by any court or governmental authority of competent jurisdiction that prohibits or directly and materially
adversely affects any of the transactions contemplated by the Transaction Documents, and no proceeding shall have been commenced
that may have the effect of prohibiting or materially adversely affecting any of the transactions contemplated by the Transaction
Documents.

 

(e)
ADVERSE CHANGES. Since the date of filing of the Company’s most recent SEC Document, no event that had or is reasonably
likely to have a Material Adverse Effect has occurred.

 

(f)
NO SUSPENSION OF TRADING IN OR DELISTING OF COMMON STOCK. The trading of the Common Stock shall not have been suspended
by the SEC, the Principal Market or FINRA, or otherwise halted for any reason, and the Common Stock shall have been approved for
listing or quotation on and shall not have been delisted from the Principal Market. In the event of a suspension, delisting, or
halting for any reason, of the trading of the Common Stock, as contemplated by this Section 7.2(f), the Investor shall have the
right to return to the Company any amount of Purchase Notice Shares associated with such Purchase Notice, and the Investment Amount
with respect to such Purchase Notice shall be reduced accordingly.

 

(g)
BENEFICIAL OWNERSHIP LIMITATION. The number of Purchase Notice Shares then to be purchased by the Investor shall not exceed
the number of such shares that, when aggregated with all other shares of Common Stock then owned by the Investor beneficially
or deemed beneficially owned by the Investor, would result in the Investor owning more than the Beneficial Ownership Limitation
(as defined below), as determined in accordance with Section 16 of the Exchange Act and the regulations promulgated thereunder.
For purposes of this Section 7.2(g), in the event that the amount of Common Stock outstanding is greater on a Closing Date than
on the date upon which the Purchase Notice associated with such Closing Date is given, the amount of Common Stock outstanding
on such issuance of a Purchase Notice shall govern for purposes of determining whether the Investor, when aggregating all purchases
of Common Stock made pursuant to this Agreement, would own more than the Beneficial Ownership Limitation following such Closing
Date. The “Beneficial Ownership Limitation” shall be 4.9% of the number of shares of the Common Stock outstanding
immediately prior to the issuance of shares of Common Stock issuable pursuant to a Purchase Notice.

 

    	 

     

    

 

(h)
PRINCIPAL MARKET REGULATION. The issuance of the Purchase Notice Shares shall not exceed the Exchange Cap.

 

(i) NO
KNOWLEDGE. The Company shall have no knowledge of any event more likely than not to have the effect of causing the
Registration Statement to be suspended or otherwise ineffective (which event is more likely than not to occur within the
fifteen (15) Business Days following the Business Day on which such Purchase Notice is deemed delivered).

 

(j)
NO VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT. The issuance of the Purchase Notice Shares shall not violate the shareholder
approval requirements of the Principal Market.

 

(k)
DWAC ELIGIBLE. The Common Stock must be DWAC Eligible and not subject to a “DTC chill”.

 

(l)
SEC DOCUMENTS. All reports, schedules, registrations, forms, statements, information and other documents required to have
been filed by the Company with the SEC pursuant to the reporting requirements of the Exchange Act shall have been filed with the
SEC within the applicable time periods prescribed for such filings under the Exchange Act.

 

(m)
EXEMPT

 

ARTICLE
VIII

LEGENDS

 

Section
8.1 NO RESTRICTIVE STOCK LEGEND. No restrictive stock legend shall be placed on the share certificates representing the
Purchase Notice Shares.

 

Section
8.2 INVESTOR’S COMPLIANCE. Nothing in this Article VIII shall affect in any way the Investor’s obligations
hereunder to comply with all applicable securities laws upon the sale of the Common Stock.

 

ARTICLE
IX

NOTICES;
INDEMNIFICATION

 

Section
9.1 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 (a) personally served, (b) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (c) delivered by reputable air courier service with charges prepaid,
or (d) transmitted by hand delivery, telegram, or email as a PDF, addressed as set forth below or to such other address as such
party shall have specified most recently by written notice given in accordance herewith. Any notice or other communication required
or permitted to be given hereunder shall be deemed effective (i) upon hand delivery or delivery by email at the address designated
below (if delivered on a business day during normal business hours where such notice is to be received), or the first business
day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be
received) or (ii) on the second business day following the date of mailing by express courier service or on the fifth business
day after deposited in the mail, in each case, fully prepaid, addressed to such address, or upon actual receipt of such mailing,
whichever shall first occur.

 

    	 

     

    

 

The
addresses for such communications shall be:

 

If
to the Company:

 

VERUS
INTERNATIONAL, INC.

Anshu
Bhatnagar, CEO <ab@verusfoods.com>

9841
Washingtonian Blvd, Suite #390

Gaithersburg,
MD 20878

 

If
to the Investor:

 

WHITE LION CAPITAL, LLC

Nathan Yee <team@whitelioncapital.com

16911 San Fernando Mission Blvd,
Suite #183

Granada Hills, CA 91344

 

Either
party hereto may from time to time change its address or email for notices under this Section 9.1 by giving at least ten (10)
days’ prior written notice of such changed address to the other party hereto.

 

Section
9.2 INDEMNIFICATION. Each party (an “Indemnifying Party”) agrees to indemnify and hold harmless the
other party along with its officers, directors, employees, and authorized agents, and each Person or entity, if any, who controls
such party within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (an “Indemnified
Party”) from and against any Damages, joint or several, and any action in respect thereof to which the Indemnified Party
becomes subject to, resulting from, arising out of or relating to (i) any misrepresentation, breach of warranty or nonfulfillment
of or failure to perform any covenant or agreement on the part of the Indemnifying Party contained in this Agreement, (ii) any
untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or any post-effective
amendment thereof or supplement thereto, or the omission or alleged omission therefrom of a material fact required to be stated
therein or necessary to make the statements therein not misleading, (iii) any untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus or contained in the final prospectus (as amended or supplemented, if the
Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any
material fact necessary to make the statements made therein, in the light of the circumstances under which the statements therein
were made, not misleading, or (iv) any violation or alleged violation by the Company of the Securities Act, the Exchange Act,
any state securities law or any rule or regulation under the Securities Act, the Exchange Act or any state securities law, as
such Damages are incurred, except to the extent such Damages result primarily from the Indemnified Party’s failure to perform
any covenant or agreement contained in this Agreement or the Indemnified Party’s negligence, recklessness or bad faith in
performing its obligations under this Agreement; provided, however, that the foregoing indemnity agreement shall
not apply to any Damages of an Indemnified Party to the extent, but only to the extent, arising out of or based upon any untrue
statement or alleged untrue statement or omission or alleged omission made by an Indemnifying Party in reliance upon and in conformity
with written information furnished to the Indemnifying Party by the Indemnified Party expressly for use in the Registration Statement,
any post-effective amendment thereof or supplement thereto, or any preliminary prospectus or final prospectus (as amended or supplemented).

 

Section
9.3 METHOD OF ASSERTING INDEMNIFICATION CLAIMS. All claims for indemnification by any Indemnified Party under Section 9.2
shall be asserted and resolved as follows:

 

(a)
In the event any claim or demand in respect of which an Indemnified Party might seek indemnity under Section 9.2 is asserted against
or sought to be collected from such Indemnified Party by a Person other than a party hereto or an affiliate thereof (a “Third
Party Claim”), the Indemnified Party shall deliver a written notification, enclosing a copy of all papers served, if
any, and specifying the nature of and basis for such Third Party Claim and for the Indemnified Party’s claim for indemnification
that is being asserted under any provision of Section 9.2 against an Indemnifying Party, together with the amount or, if not then
reasonably ascertainable, the estimated amount, determined in good faith, of such Third Party Claim (a “Claim Notice”)
with reasonable promptness to the Indemnifying Party. If the Indemnified Party fails to provide the Claim Notice with reasonable
promptness after the Indemnified Party receives notice of such Third Party Claim, the Indemnifying Party shall not be obligated
to indemnify the Indemnified Party with respect to such Third Party Claim to the extent that the Indemnifying Party’s ability
to defend has been prejudiced by such failure of the Indemnified Party. The Indemnifying Party shall notify the Indemnified Party
as soon as practicable within the period ending thirty (30) calendar days following receipt by the Indemnifying Party of either
a Claim Notice or an Indemnity Notice (as defined below) (the “Dispute Period”) whether the Indemnifying Party
disputes its liability or the amount of its liability to the Indemnified Party under Section 9.2 and whether the Indemnifying
Party desires, at its sole cost and expense, to defend the Indemnified Party against such Third Party Claim.

 

    	 

     

    

 

(i)
If the Indemnifying Party notifies the Indemnified Party within the Dispute Period that the Indemnifying Party desires to defend
the Indemnified Party with respect to the Third Party Claim pursuant to this Section 9.3(a), then the Indemnifying Party shall
have the right to defend, with counsel reasonably satisfactory to the Indemnified Party, at the sole cost and expense of the Indemnifying
Party, such Third Party Claim by all appropriate proceedings, which proceedings shall be vigorously and diligently prosecuted
by the Indemnifying Party to a final conclusion or will be settled at the discretion of the Indemnifying Party (but only with
the consent of the Indemnified Party in the case of any settlement that provides for any relief other than the payment of monetary
damages or that provides for the payment of monetary damages as to which the Indemnified Party shall not be indemnified in full
pursuant to Section 9.2). The Indemnifying Party shall have full control of such defense and proceedings, including any compromise
or settlement thereof; provided, however, that the Indemnified Party may, at the sole cost and expense of the Indemnified
Party, at any time prior to the Indemnifying Party’s delivery of the notice referred to in the first sentence of this clause
(i), file any motion, answer or other pleadings or take any other action that the Indemnified Party reasonably believes to be
necessary or appropriate to protect its interests; and provided, further, that if requested by the Indemnifying
Party, the Indemnified Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the
Indemnifying Party in contesting any Third Party Claim that the Indemnifying Party elects to contest. The Indemnified Party may
participate in, but not control, any defense or settlement of any Third Party Claim controlled by the Indemnifying Party pursuant
to this clause (i), and except as provided in the preceding sentence, the Indemnified Party shall bear its own costs and expenses
with respect to such participation. Notwithstanding the foregoing, the Indemnified Party may take over the control of the defense
or settlement of a Third Party Claim at any time if it irrevocably waives its right to indemnity under Section 9.2 with respect
to such Third Party Claim.

 

(ii)
If the Indemnifying Party fails to notify the Indemnified Party within the Dispute Period that the Indemnifying Party desires
to defend the Third Party Claim pursuant to Section 9.3(a), or if the Indemnifying Party gives such notice but fails to prosecute
vigorously and diligently or settle the Third Party Claim, or if the Indemnifying Party fails to give any notice whatsoever within
the Dispute Period, then the Indemnified Party shall have the right to defend, at the sole cost and expense of the Indemnifying
Party, the Third Party Claim by all appropriate proceedings, which proceedings shall be prosecuted by the Indemnified Party in
a reasonable manner and in good faith or will be settled at the discretion of the Indemnified Party (with the consent of the Indemnifying
Party, which consent will not be unreasonably withheld). The Indemnified Party will have full control of such defense and proceedings,
including any compromise or settlement thereof; provided, however, that if requested by the Indemnified Party, the Indemnifying
Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnified Party and
its counsel in contesting any Third Party Claim which the Indemnified Party is contesting. Notwithstanding the foregoing provisions
of this clause (ii), if the Indemnifying Party has notified the Indemnified Party within the Dispute Period that the Indemnifying
Party disputes its liability or the amount of its liability hereunder to the Indemnified Party with respect to such Third Party
Claim and if such dispute is resolved in favor of the Indemnifying Party in the manner provided in clause (iii) below, the Indemnifying
Party will not be required to bear the costs and expenses of the Indemnified Party’s defense pursuant to this clause (ii)
or of the Indemnifying Party’s participation therein at the Indemnified Party’s request, and the Indemnified Party
shall reimburse the Indemnifying Party in full for all reasonable costs and expenses incurred by the Indemnifying Party in connection
with such litigation. The Indemnifying Party may participate in, but not control, any defense or settlement controlled by the
Indemnified Party pursuant to this clause (ii), and the Indemnifying Party shall bear its own costs and expenses with respect
to such participation.

 

(iii)
If the Indemnifying Party notifies the Indemnified Party that it does not dispute its liability or the amount of its liability
to the Indemnified Party with respect to the Third Party Claim under Section 9.2 or fails to notify the Indemnified Party within
the Dispute Period whether the Indemnifying Party disputes its liability or the amount of its liability to the Indemnified Party
with respect to such Third Party Claim, the amount of Damages specified in the Claim Notice shall be conclusively deemed a liability
of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the Indemnified
Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability with respect to such
claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such dispute;
provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying
Party shall be entitled to institute such legal action as it deems appropriate.

 

    	 

     

    

 

(b)
In the event any Indemnified Party should have a claim under Section 9.2 against the Indemnifying Party that does not involve
a Third Party Claim, the Indemnified Party shall deliver a written notification of a claim for indemnity under Section 9.2 specifying
the nature of and basis for such claim, together with the amount or, if not then reasonably ascertainable, the estimated amount,
determined in good faith, of such claim (an “Indemnity Notice”) with reasonable promptness to the Indemnifying
Party. The failure by any Indemnified Party to give the Indemnity Notice shall not impair such party’s rights hereunder
except to the extent that the Indemnifying Party demonstrates that it has been irreparably prejudiced thereby. If the Indemnifying
Party notifies the Indemnified Party that it does not dispute the claim or the amount of the claim described in such Indemnity
Notice or fails to notify the Indemnified Party within the Dispute Period whether the Indemnifying Party disputes the claim or
the amount of the claim described in such Indemnity Notice, the amount of Damages specified in the Indemnity Notice will be conclusively
deemed a liability of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages
to the Indemnified Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability
with respect to such claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution
of such dispute; provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying
Party shall be entitled to institute such legal action as it deems appropriate.

 

(c)
The Indemnifying Party agrees to pay the Indemnified Party, promptly as such expenses are incurred and are due and payable, for
any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such
Claim.

 

(d)
The indemnity provisions contained herein shall be in addition to (i) any cause of action or similar rights of the Indemnified
Party against the Indemnifying Party or others, and (ii) any liabilities the Indemnifying Party may be subject to.

 

ARTICLE
X

MISCELLANEOUS

 

Section
10.1 GOVERNING LAW; JURISDICTION. This Agreement shall be governed by and interpreted in accordance with the laws of the
State of California without regard to the principles of conflicts of law. Each of the Company and the Investor hereby submits
to the exclusive jurisdiction of the United States federal and state courts located in California, County of Los Angeles, with
respect to any dispute arising under the Transaction Documents or the transactions contemplated thereby.

 

Section
10.2 JURY TRIAL WAIVER. The Company and the Investor hereby waive a trial by jury in any action, proceeding or counterclaim
brought by either of the parties hereto against the other in respect of any matter arising out of or in connection with the Transaction
Documents.

 

Section
10.3 ASSIGNMENT. The Transaction Documents shall be binding upon and inure to the benefit of the Company and the Investor
and their respective successors. Neither this Agreement nor any rights of the Investor or the Company hereunder may be assigned
by either party to any other Person.

 

Section
10.4 NO THIRD-PARTY BENEFICIARIES. This Agreement is intended for the benefit of the Company and the Investor and their
respective successors, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as
set forth in Section 9.3.

 

Section
10.5 TERMINATION. The Company may terminate this Agreement at any time by written notice to the Investor in the event of
a material breach of this Agreement by the Investor. In addition, this Agreement shall automatically terminate on the earlier
of (i) the end of the Commitment Period; (ii) the date that the Company sells and the Investor purchases the Commitment Amount;
(iii) the date in which the Registration Statement is no longer effective, or (iv) the date that, pursuant to or within the meaning
of any Bankruptcy Law, the Company commences a voluntary case or any Person commences a proceeding against the Company, a Custodian
is appointed for the Company or for all or substantially all of its property or the Company makes a general assignment for the
benefit of its creditors; provided, however, that the provisions of Articles III, IV, V, VI, IX and the agreements and covenants
of the Company and the Investor set forth in Article X shall survive the termination of this Agreement.

 

    	 

     

    

 

Section
10.6 ENTIRE AGREEMENT. The Transaction Documents, together with any exhibits and schedules thereto, contain the entire
understanding of the Company and the Investor with respect to the matters covered herein and therein and supersede all prior agreements
and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents,
exhibits and schedules.

 

Section
10.7 FEES AND EXPENSES. Except as expressly set forth in the Transaction Documents or any other writing to the contrary,
each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company
shall pay the Document Preparation Fee, the Clearing Cost associated with each Closing, and any Transfer Agent fees (including
any fees required for same-day processing of any instruction letter delivered by the Company), stamp taxes and other taxes and
duties levied in connection with the delivery of any Securities to the Investor.

 

Section
10.8 COUNTERPARTS. The Transaction Documents may be executed in multiple counterparts, each of which may be executed by
less than all of the parties and shall be deemed to be an original instrument which shall be enforceable against the parties actually
executing such counterparts and all of which together shall constitute one and the same instrument. The Transaction Documents
may be delivered to the other parties hereto by email of a copy of the Transaction Documents bearing the signature of the parties
so delivering this Agreement.

 

Section
10.9 SEVERABILITY. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction
to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided
that such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.

 

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

 

Section
10.11 NO STRICT CONSTRUCTION. The language used in this Agreement will be deemed to be the language chosen by the parties
to express their mutual intent, and no rules of strict construction will be applied against any party.

 

Section
10.12 EQUITABLE RELIEF. The Company recognizes that in the event that it fails to perform, observe, or discharge any or
all of its obligations under this Agreement, any remedy at law may prove to be inadequate relief to the Investor. The Company
therefore agrees that the Investor shall be entitled to temporary and permanent injunctive relief in any such case without the
necessity of proving actual damages.

 

Section
10.13 TITLE AND SUBTITLES. The titles and subtitles used in this Agreement are used for the convenience of reference and
are not to be considered in construing or interpreting this Agreement.

 

Section
10.14 AMENDMENTS; WAIVERS. No provision of this Agreement may be amended or waived by the parties from and after the date
that is one (1) Business Day immediately preceding the initial filing of the Registration Statement with the SEC. Subject to the
immediately preceding sentence, (i) no provision of this Agreement may be amended other than by a written instrument signed by
both parties hereto and (ii) no provision of this Agreement may be waived other than in a written instrument signed by the party
against whom enforcement of such waiver is sought. No failure or delay 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 privilege.

 

Section
10.15 PUBLICITY. The Company and the Investor shall consult with each other in issuing any press releases or otherwise
making public statements with respect to the transactions contemplated hereby and no party shall issue any such press release
or otherwise make any such public statement, other than as required by law, without the prior written consent of the other parties,
which consent shall not be unreasonably withheld or delayed, except that no prior consent shall be required if such disclosure
is required by law, in which such case the disclosing party shall provide the other party with prior notice of such public statement.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Investor without the prior written consent
of the Investor, except to the extent required by law. The Investor acknowledges that the Transaction Documents may be deemed
to be “material contracts,” as that term is defined by Item 601(b)(10) of Regulation S-K, and that the Company
may therefore be required to file such documents as exhibits to reports or registration statements filed under the Securities
Act or the Exchange Act. The Investor further agrees that the status of such documents and materials as material contracts shall
be determined solely by the Company, in consultation with its counsel.

 

Section
10.16 LIQUIDATED DAMAGES. If by December 31, 2022, the Company has sold less than $500,000 pursuant this Agreement, the
Company shall pay to the Investor $25,000 within ten (10) Business Days.

 

[Signature
Page Follows]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their respective officers thereunto duly authorized
as of the day and year first above written.

 

	VERUS
    INTERNATIONAL, INC.	 
	 	 
	By:	 	 
	Name:	Anshu
    Bhatnagar	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	WHITE
    LION CAPITAL, LLC	 
	 	 	 
	By:	 	 
	Name:	Nathan
    Yee	 
	Title:	Manager	 

 

    	 

     

    

 

EXHIBIT
A

 

FORM
OF PURCHASE NOTICE

 

TO:
WHITE LION CAPITAL, LLC

 

We
refer to the common stock purchase agreement, dated as of June 29, 2020, (the “Agreement”), entered into by
and between Verus International, Inc., and you. Capitalized terms defined in the
Agreement shall, unless otherwise defined herein, have the same meaning when used herein.

 

We
hereby:

 

1)
Give you notice that we require you to purchase __________ Purchase Notice Shares; and

 

2)
Certify that, as of the date hereof, the conditions set forth in Section 7.2 of the Agreement are satisfied.

 

	 	VERUS
    INTERNATIONAL, INC.
	 	 
	 	By:	                         
	 	Name:	 
	 	Title:

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