Document:

Exhibit 10.11

 

THIS NOTE AND THE SECURITIES ISSUABLE UPON
CONVERSION OF THIS NOTE WERE NOT ISSUED IN A TRANSACTION REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES
ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS. THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE BEEN
ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED UNLESS SUCH SALE OR TRANSFER IS COVERED BY AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR, IN THE OPINION OF COUNSEL TO THE COMPANY, IS EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS.

 

LIVEDEAL, INC.

 

CONVERTIBLE NOTE

 

	U.S. $_____	Date of Issuance:  __________, 20__

 

FOR VALUE RECEIVED,
LiveDeal, Inc., a Nevada corporation (“Company”), hereby promises to pay to the order of __________, a[n] __________
(“Purchaser”), the aggregate principal sum of _____ and No/100 Dollars ($_____) (the “Principal”)
in lawful currency of the United States of America, subject to the provisions contained herein. This Convertible Note (this “Note”)
is one of the Notes described in the Note Purchase Agreement dated as of January ___, 2014, by and between the Company and Purchaser
(as amended from time to time, the “Purchase Agreement”). The Company and Purchaser shall be collectively referred
to as the “Parties”. Unless otherwise expressly provided in this Note, initially capitalized words or terms
used in this Note shall have the meanings set forth in the Purchase Agreement.

 

ARTICLE
1

PAYMENT

 

1.1             
Maturity Date. The Principal and any other amounts payable to Purchaser hereunder, shall be due and payable to Purchaser
on the Maturity Date.

 

1.2             
Interest. Interest will accrue from the date hereof on the Principal amount at the rate of eight percent (8.00%)
per annum until all Obligations under this Note are paid in full or until the conversion of the Principal pursuant to Article
2 of this Note. If the Principal is not converted pursuant to Article 2 of this Note, interest shall be paid with the
Principal amount and all other Obligations on the Maturity Date. If the Principal is converted pursuant to Article 2 of
this Note, interest accrued through the date of conversion and all other Obligations shall be paid on the date of conversion in
accordance with Article 2 of this Note.

 

1.3             
Payment. All payments under this Note shall be made by check or wire transfer of immediately available funds and
in lawful money of the United States of America at __________, or at such other place as Purchaser may from time to time designate
in writing to the Company. Payments will be credited first, to costs of collection and other charges for which the Company is responsible
pursuant to this Note, second, to accrued but unpaid interest, and the remainder to Principal.

 

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1.4             
Prepayment. The Company shall have the option to prepay this Note, together with accrued but unpaid interest, in
whole or in part, at any time without premium or penalty.

 

ARTICLE
2

CONVERSION

 

2.1             
Right to Convert into Common Stock; Conversion Price. Subject to Section 2.5 below, so long as any Principal
due under this Note is outstanding, pursuant to Section 2.2 below, Purchaser may elect to convert, or the Company may cause
the immediate conversion of, all or any portion of the Principal and accrued but unpaid interest into (a) that number of shares
of the common stock of the Company (the “Common Stock”) as is obtained by dividing the dollar amount of the
Principal and accrued but unpaid interest by the applicable Conversion Price per share of Common Stock (the “Conversion
Shares”), and (b) a Warrant exercisable for a period of five (5) years, commencing on the Conversion Date (as defined
below), for a number of shares of Common Stock equal to the number of Conversion Shares issuable upon conversion pursuant to clause
(a) next preceding at an initial exercise price equal to one hundred ten percent (110%) of the Conversion Price then in effect.
Subject to adjustment as provided in Section 2.3 hereof, the “Conversion Price” shall be an amount equal
to seventy percent (70%) of the lesser of: (i) the closing bid price of the Common Stock on the Effective Date; or (ii) the 10-day
volume weighted average closing bid price for the Common Stock, in each case as listed on NASDAQ for the ten (10) Business Days
immediately preceding the date of the notice of conversion (the “Average Price”); provided, however,
that in no event shall the Average Price per share be less than $1.00. For example, if the Average Price is $0.50 per share, then
for purposes of calculating the Conversion Price, the Average Price per share would be $1.00 per share instead of $0.50 per share.

 

2.2             
Mechanics of Conversion.

 

(a)               
Unless earlier converted at the election of the Company pursuant to clause (b) below, Purchaser may cause the conversion
of this Note by delivering to the Company an executed notice of conversion in the form attached hereto as Exhibit A (the
“Notice of Conversion”).

 

(b)              
The Company may cause the conversion of this Note by delivering to Purchaser a Notice of Conversion.

 

(c)               
After delivery of the Notice of Conversion, the Company and Purchaser shall agree to a date for such conversion which, in
no event, shall be later than three (3) business days following the date of the Notice of Conversion (the “Conversion
Date”). On or before the Conversion Date, Purchaser shall surrender the Note for conversion and the Company shall denote
in its corporate records the ownership by Purchaser of the Conversion Shares, effective as of close of business on the Conversion
Date. Effective as of close of business on the Conversion Date (i) the rights of Purchaser with respect to the Principal, together
with all other amounts due hereunder to Purchaser shall cease, (ii) Purchaser shall be treated for all purposes as having become
the record holder of such Conversion Shares, and (iii) such conversion shall be at the Conversion Price then in effect. The issuance
of Common Stock upon conversion of this Note shall be made without charge to Purchaser for any tax in respect of such issuance,
and such Conversion Shares shall be issued in such names as may be directed by Purchaser.

 

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(d)              
In the event of a partial conversion of this Note, all of the applicable provisions hereof shall apply in respect of the
portion of this Note that is converted into Conversion Shares, and this Note shall be restated to reflect the amount that remains
due and payable hereunder, which shall be subject to subsequent conversion in accordance with the terms and conditions hereof.

 

2.3             
Adjustment of Conversion Price. Subject to Section 2.4 hereof, the Conversion Price and number and kind of
Conversion Shares or other securities to be issued upon conversion determined pursuant to Section 2.1 shall be subject to
adjustment from time to time upon the happening of certain events while this conversion right remains outstanding, as follows:

 

(a)               
Merger, Sale of Assets, etc. If Company at any time shall consolidate with or merge into or sell or convey all or
substantially all its assets to any other corporation or other entity, this Note shall thereafter be deemed to evidence the right
to purchase such number and kind of shares or other securities and property as would have been issuable or distributable on account
of such consolidation, merger, sale or conveyance, upon or with respect to the securities subject to the conversion or purchase
right immediately prior to such consolidation, merger, sale or conveyance. The foregoing provision shall similarly apply to successive
transactions of a similar nature by any such successor or purchaser. Without limiting the generality of the foregoing, the anti-dilution
provisions of this Section 2.3 shall apply to such securities of such successor or purchaser after any such consolidation,
merger, sale or conveyance.

 

(b)              
Reclassification. If Company at any time shall, by reclassification or otherwise, change the Common Stock into the
same or a different number of securities of any class or classes that may be issued or outstanding, this Note shall thereafter
be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as would have been issuable
as the result of such change with respect to the Common Stock immediately prior to such reclassification or other change.

 

(c)               
Stock Splits, Combinations and Dividends. If the shares of Common Stock are subdivided or combined into a greater
or smaller number of shares of Common Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion
Price shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case
of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately
after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

 

(d)              
Dilutive Share Issuances. So long as this Note is outstanding, if the Company shall issue or agree to issue any shares
of Common Stock for a consideration (or deemed price) less than the Conversion Price in effect at the time of such issue, then,
and thereafter successively upon each such issue, the Conversion Price shall be reduced to such other lower issue price. For purposes
of this adjustment, the issuance of any security carrying the right to convert or exchange such security into shares of Common
Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Conversion Price upon the
issuance of the above-described security and again upon the issuance of shares of Common Stock upon exercise of such conversion
or purchase rights if such issuance is at a price lower than the then applicable Conversion Price. Notwithstanding the foregoing,
in no event shall the Conversion Price be reduced below $0.70 per share pursuant to this Section 2.3(d). For the sake of
clarity, no adjustment shall be made to the Conversion Price pursuant to this Section 2.3(d) in respect of any Excluded
Issuance, and the provisions of this Section 2.3(d) are in addition to (not in lieu of) the provisions set forth in Section
12.13 of the Purchase Agreement.

 

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2.4             
Adjustment Notices. Whenever the Conversion Price is adjusted as provided in Section 2.3, Company shall promptly
deliver to Purchaser written notice setting forth the revised Conversion Price with a statement of facts regarding the adjustment
and the computation thereof.

 

2.5             
Limitation on Conversion Pending Stockholder Approval. Purchaser’s right to convert the Principal due and payable
under this Note into shares of Common Stock is expressly subject to the limitations and conditions set forth in Section 12.12 of
the Purchase Agreement.

 

ARTICLE
3

COVENANTS OF COMPANY

 

3.1             
Payment of Principal; Conversion. The Company hereby covenants and agrees that it shall pay or cause to be paid all
amounts due hereunder on the Maturity Date or, if applicable prior to the Maturity Date, the Company shall effect or cause to be
effected any conversion of the Principal into Conversion Shares.

 

3.2             
Reserves.  During the period the conversion right exists, the Company shall at all times reserve and keep
available, out of its authorized but unissued Common Stock, solely for the purpose of issue upon conversion of this Note, such
number of shares of Common Stock as shall then be issuable upon the conversion of this Note. The Company covenants that all such
shares of Common Stock shall, upon issuance, be duly and validly issued, fully paid and non-assessable.

 

ARTICLE
4

DEFAULT; ACCELERATION

 

4.1             
Events of Default. The occurrence of any Event of Default under the Purchase Agreement shall constitute an “Event
of Default” hereunder.

 

4.2             
Acceleration.

 

(a)               
Upon the occurrence of any Event of Default, the entire outstanding balance of the Principal and any other amounts payable
to Purchaser hereunder shall become immediately due and payable to Purchaser, without any demand of or notice to the Company.

 

(b)              
Upon the occurrence of any Event of Default, Purchaser may exercise all rights and remedies available to it under any or
all of the Transaction Documents or otherwise and may apply any of funds of either the Company in its possession to the outstanding
indebtedness under this Note.

 

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4.3             
Costs of Collection. The Company hereby, jointly and severally, agree to pay all costs of collection, including attorneys’
fees and expenses, whether or not suit is filed, and all costs of suit and preparation for suit (whether at trial or appellate
level), in the event any amount of the Principal or other amount owing hereunder is not paid when due, or to exercise any other
right or remedy hereunder, or in the event Purchaser is made party to any claim, case, action or other proceeding because of the
existence of the Principal, or if at any time Purchaser should incur any attorneys’ fees or expenses in any proceeding under
any federal bankruptcy law (or any similar state or federal law) in connection with the Principal.

 

ARTICLE
5

GENERAL PROVISIONS

 

5.1             
Remedies Cumulative and Continuing. All powers and remedies of Purchaser hereunder with respect to an Event of Default
shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other thereof or of any other power or remedy
available to Purchaser, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements
contained in this Note, and every power and remedy given by this Note or by applicable law to Purchaser may be exercised from time
to time, and as often as shall be deemed expedient by Purchaser.

 

5.2             
Replacement; Exchange. Upon receipt of evidence reasonably satisfactory to the Company of the ownership and the loss,
theft, destruction or mutilation of this Note, the Company shall execute and deliver a new Note of like kind in lieu of and in
substitution for the lost, stolen, destroyed or mutilated Note. This Note may be exchanged by surrender hereof at the office of
the Company maintained for that purpose, and the Company shall execute and deliver in exchange herefor the Note or Notes which
Purchaser making the exchange shall be entitled to receive.

 

5.3             
Choice of Law. This Note shall be governed by and construed in accordance with the laws of the State of Nevada, without
regard to principles of conflict of laws. The parties hereto hereby declare that it is their intention that this Agreement shall
be regarded as made under the laws of the State of Nevada and that the laws of said State shall be applied in interpreting its
provisions in all cases where legal interpretation shall be required.

 

5.4             
Notices. All notices, requests, consents and other communications required or permitted under this Agreement shall
be in writing and shall be delivered personally or by reputable overnight courier (e.g., Federal Express) or mailed first class,
postage prepaid, registered or certified mail:

 

	 	(a)	If to Purchaser, to:
	 	 	__________
	 	 	__________
	 	 	__________
	 	 	Attn:  __________
	 	 	Facsimile:  __________

 

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Any party may change the address to which
notices intended for it shall be sent by a notice to the other party given in the manner specified in this Section 5.4.
Such notices and communications shall for all purposes of this Agreement be treated as being effective or having been given when
delivered if delivered personally or by courier or, if sent by mail, when received.

 

5.5             
Assignment. This Agreement shall be binding upon the Company and Purchaser and its successors and assigns. Neither
the Company nor Purchaser shall not make any assignment of its rights under this Agreement, the Notes, the Warrants or other Transaction
Documents or subject this Agreement, the Notes, the Warrants or other Transaction Documents or its rights hereunder to any lien
or security interest of any kind whatsoever; and any such assignment, lien or security interest shall be absolutely void and unenforceable
as against Purchaser.

 

5.6             
Cooperation; Further Action. Each Party to this Note shall, without further consideration, execute and deliver any
further or additional instruments and perform any acts which may become reasonably necessary to effectuate and carry out the purposes
of this Note.

 

5.7             
Severability. In the event any term or provision of this Note is declared to be invalid or illegal, for any reason,
this Note shall remain in full force and effect and the same shall be interpreted as though such invalid and illegal provision
were not a part hereof.

 

5.8             
Amendments. This Note may not be altered or amended, and no right under this Note may be waived, except by a writing
executed by the Parties to this Note or except as otherwise provided in this Note. No waiver of any term, provision, or condition
of this Note, in any one or more instances, shall be deemed or construed as a further or continuing waiver of any such term, provision,
or condition, or as a waiver of any other term, provision, or condition of this Note.

 

5.9             
Integration. This Note and the other Transaction Documents constitute and embodies the full and complete understanding
and agreement of the parties hereto and supersedes all prior understandings, whether oral or written.

 

5.10            
Captions; Number and Gender. The captions, headings and arrangements used in this Agreement are for convenience only
and shall not in any way affect, modify, control, or limit the meaning or applicability of such article or section. Words used
herein, regardless of the number or gender stated, shall be deemed to refer to the singular or plural, or to the masculine, feminine
or neuter, respectively, all as the context may admit.

 

 

[Remainder of Page Intentionally Left
Blank; Signature Page Follows]

 

 

 

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IN WITNESS WHEREOF,
the undersigned have executed this Note as of the date first set forth above.

 

	 	
        COMPANY:

         

        LIVEDEAL, INC., a Nevada corporation

	 	 
	 	By:	/s/ 
	 	Name:	 
	 	Its:	 

 

	 	
        PURCHASER:

         

        _______________

	 	 
	 	By:	/s/ 
	 	Name:	 
	 	Its:	 

 

 

 

[Signature Page – Convertible
Note]

 

 

 

 

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Exhibit
A

 

Form of Conversion Notice

 

		Re:	Convertible Note (the “Note”) issued by LiveDeal, Inc., a Nevada corporation
(the “Company”), dated __________, 20__, in the original principal amount of $__________.

 

Effective as of the
date written below, the undersigned hereby [provides notice of its election to automatically covert / irrevocably elects to convert]
$____________ of the unpaid principal amount on the Note into shares of the common stock of Company according to the terms and
conditions set forth in the Note. If interests are to be issued in the name of a person or entity other than the undersigned, the
undersigned hereby agrees to pay all transfer taxes payable with respect thereto.

 

 

Date of Conversion:                                                  

 

Signature:                                                                    

 

Name:                                                                           

 

 

If applicable, name and address of person
or entity other than the undersigned to which Conversion Shares are to be registered and delivered:

 

Name:                                                                          

 

Address:                                                                     

 

                                                                                     

 

Social Security or Tax I.D. Number _____________

 

 

    	8Exhibit 10.12

 

NEITHER THIS WARRANT, NOR THE SECURITIES
ISSUABLE UPON EXERCISE OF THIS WARRANT (COLLECTIVELY, THE “SECURITIES”), HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES OR BLUE SKY LAWS. THE SECURITIES ARE
SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, PURSUANT TO REGISTRATION OR QUALIFICATION
OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR
AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY
TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
OR BLUE SKY LAWS.

 

LIVEDEAL, INC.

 

WARRANT

 

	Warrant No. _____	Date of Issuance:  __________, 20__1

 

LiveDeal, Inc., a
Nevada corporation (the “Company”), hereby certifies that, for value received, __________, a[n] __________,
or its registered assign (the “Holder”), is entitled to purchase from the Company _____2 shares
(as adjusted from time to time as provided in Section 11)
of common stock, par value $0.001 per share, of the Company (the “Common Stock”) (each such share, a “Warrant
Share” and all such shares, the “Warrant Shares”), at an exercise price determined pursuant to Section 3
(the “Exercise Price”), at any time and from time to time from and after the date hereof through and including
the date that is five (5) years following the date of issuance set forth above (the “Expiration Date”), and
subject to the following terms and conditions:

 

1.                 
Purchase Agreement. This
Warrant is one of a series of Warrants (collectively, the “Warrants”) issued by the Company in connection with
that certain Note Purchase Agreement, entered into as of January ___, 2014 (as amended from time to time, the “Purchase
Agreement”), by and among the Company and the purchaser(s) identified on the signature pages thereto, and is subject
to, and the Company and the Holder shall be bound by, all the applicable terms, conditions and provisions of the Purchase Agreement.
This Warrant is being issued in connection with the conversion into shares of Common Stock of one of the Notes purchased under
the Purchase Agreement.

 

2.                 
Definitions. In addition
to the terms defined elsewhere in this Warrant, capitalized terms that are not otherwise defined herein shall have the meanings
assigned to such terms in the Purchase Agreement.

__________________________

1Note
to Draft: Number of Warrant Shares to be equal to the number of shares of Common Stock into which the corresponding Convertible
Note was converted. 

2Note to Draft:
Exercise Price to be equal to 110% of the Conversion Price under the corresponding Convertible Note.

 

 

    	1

    	 

    

 

3.                 
Exercise Price.
This Warrant may be exercised for a price per Warrant Share equal to $_____3,
subject to adjustment from time to time pursuant to Section 11.

 

4.                 
Registration of Warrant.
The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”),
in the name of the record Holder hereof from time to time. The Company may deem and treat the Holder of this Warrant as the absolute
owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual
notice to the contrary.

 

5.                 
Registration of Transfers.
Subject to the Holder’s appropriate compliance with the restrictive legend on this Warrant, the Company shall register the
transfer of any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, with the Form of Assignment substantially
in the form attached hereto as Attachment B duly completed and signed, to the Company at its address specified herein.
Upon any such registration or transfer, a new Warrant to purchase Common Stock, in substantially the form of this Warrant (any
such new Warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to
the transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to
the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee
of all of the rights and obligations of a holder of a Warrant.

 

6.                 
Exercise and Duration of Warrants.
Subject to Section 12 below, this Warrant shall be exercisable by the registered Holder at any time and from time to time
on or after the date hereof to and including the Expiration Date. At 6:30 p.m., New York City time, on the Expiration Date, the
portion of this Warrant not exercised prior thereto shall be and become void and of no value. The Company may not call or redeem
all or any portion of this Warrant without the prior written consent of the Holder.

 

7.                 
Delivery of Warrant Shares.

 

(a)               
To effect conversions hereunder, the Holder shall not be required to physically surrender this Warrant unless the
aggregate number of Warrant Shares represented by this Warrant is being exercised. Upon delivery of an Exercise Notice substantially
in the form attached hereto as Attachment A (an “Exercise Notice”) to the Company at its address
for notice determined as set forth herein, and upon payment of the applicable Exercise Price multiplied by the number of Warrant
Shares that the Holder intends to purchase hereunder, the Company shall promptly (but in no event later than five (5) trading days
after the Date of Exercise (as defined below)) issue and deliver, or cause its transfer agent to issue and deliver, to the Holder
a certificate for the Warrant Shares issuable upon such exercise registered in the name of the Holder or its designee. A “Date
of Exercise” means the date on which the Holder shall have delivered to the Company: (i) an Exercise Notice, appropriately
completed and duly signed, and (ii) unless the Holder has elected a cashless exercise, payment of the Exercise Price (by certified
or official bank check, intra-bank account transfer or wire transfer) for the number of Warrant Shares so indicated by the Holder
to be purchased.

__________________________

3Note to Draft:
Exercise Price to be equal to 110% of the Conversion Price under the corresponding Convertible Note.

 

 

 

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(b)              
If by the fifth trading day after a Date of Exercise the Company fails to deliver the required number of Warrant
Shares in the manner required pursuant to Section 7(a),
the Holder will have the right to rescind such exercise.

 

(c)               
The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute
and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect
to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim,
recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the
Company or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance
which might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing
herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity, including
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates
representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

8.                 
Charges, Taxes and Expenses.
Issuance and delivery of certificated or uncertificated shares of Common Stock upon exercise of this Warrant shall be made without
charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee, or other incidental tax or expense in
respect of the issuance of such shares, all of which taxes and expenses shall be paid by the Company; provided, however,
that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the registration
of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for
all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise
hereof.

 

9.                 
Replacement of Warrant.
If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution
for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a new Warrant, but only upon receipt of evidence
reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity (which shall not
include a surety bond), if requested. Applicants for a new warrant under such circumstances shall also comply with such other reasonable
regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe. If a new warrant is requested
as a result of a mutilation of this Warrant, then the Holder shall deliver this mutilated Warrant to the Company as a condition
precedent to the Company’s obligation to issue the new warrant.

 

10.             
Reservation of Warrant Shares.
The Company covenants that it will at all times reserve and keep available out of the aggregate of its authorized but unissued
and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant
as herein provided, the number of Warrant Shares which are then issuable and deliverable upon the exercise of this entire Warrant,
free from Liens or any other contingent purchase rights of persons other than the Holder (taking into account the adjustments and
restrictions of Section 11). The
Company covenants and warrants that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the
applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and non-assessable.

 

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11.             
Certain Adjustments. The
number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this
Section 11.

 

(a)               
Stock Dividends and Splits.
If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise makes a distribution
or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common
Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of any Warrants),
(ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of
reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by reclassification
of shares of Common Stock any shares of capital stock of the Company; then in each such case (A) the Exercise Price will be
adjusted by multiplying the Exercise Price then in effect by a fraction, the numerator of which equals the number of shares of
Common Stock outstanding immediately prior to such event (excluding treasury shares, if any), and the denominator of which equals
the number of shares of Common Stock outstanding immediately after such event, and (B) the number of Warrant Shares issuable
hereunder shall be concurrently adjusted by multiplying such number by the reciprocal of such fraction. Such adjustments will take
effect (i) if a record date shall have been fixed for determining the stockholders or security holders, as applicable, of the Company
entitled to receive such dividend, distribution or issuance by reclassification, as the case may be, immediately after such record
date, (ii) otherwise, immediately after the effective date of such dividend, distribution, subdivision, combination, or issuance
by reclassification, as the case may be.

 

(b)              
Pro Rata Distributions.
If the Company, at any time while this Warrant is outstanding, shall distribute to all holders of Common Stock (and not to the
Holder on an as-fully-exercised basis) evidences of its indebtedness, assets (including cash and cash dividends), rights or warrants
to subscribe for or purchase any security other than shares of Common Stock, then in each such case the Exercise Price then in
effect will be adjusted effective immediately after the record date for the determination of stockholders entitled to receive such
distribution by multiplying the Exercise Price by a fraction, the numerator of which equals the VWAP on such record date less
the then per share fair market value of the portion of such evidence of indebtedness, assets, rights or warrants so distributed
applicable to one outstanding share of the Common Stock, as determined by the Board in good faith, and the denominator of which
equals the VWAP determined as of such record date. In each such case the Company shall notify the Holder, in writing, no later
than the trading day following the distribution of any such evidence of indebtedness, assets, rights or warrants, describing the
material terms of such evidence of indebtedness, assets, rights or warrants and the adjustments made pursuant to this Section 11(b).

 

    	4

    	 

    

 

(c)               
Fundamental Transaction.
If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or a series of related
transactions, (A) effects any merger or consolidation of the Company with or into another Person, (B) effects any sale,
lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets, (C) effects
any reclassification, reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which
the Common Stock is effectively converted into or exchanged for other securities, cash or property (except for issuances by reclassification
contemplated by Section 11(a)(iv)),
or (D) consummates a stock or share purchase agreement or other business combination (including a reorganization, recapitalization,
spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group acquires more than
fifty percent (50%) of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person
or group making or party to, or associated or affiliated with the other Persons making or party to, such stock or share purchase
agreement or other business combination), or (ii) any, direct or indirect, purchase offer, tender offer or exchange offer
(whether by the Company or another Person or group of Persons) is completed pursuant to which holders of Common Stock are permitted
to sell, tender or exchange their shares for other securities, cash or property (each transaction or series of transactions referred
to in clause (i) or (ii) above, a “Fundamental Transaction”); then, upon any subsequent exercise of this Warrant,
the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon such exercise immediately
prior to the occurrence of such Fundamental Transaction, (1) the number of shares of common stock of the successor or acquiring
corporation or, if it is the surviving corporation, of the Company, and (2) any additional consideration (the “Alternate
Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common
Stock for which this Warrant is exercisable immediately prior to such Fundamental Transaction. For purposes of any such exercise,
the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount
and components of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and
the Board shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value
of any different components of the Alternate Consideration (substituting the most appropriate market-based measure for the Trading
Market in determining the daily VWAP from time to time for each component of the Alternate Consideration or, if no market-based
measure is reasonably available for any such component, fixing the daily VWAP of such component at the value determined by such
apportionment, but subject to further adjustment as provided in this Section 11).
If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction,
then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant
following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor to the Company
or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant of like tenor to this Warrant but adjusted
to be consistent with the foregoing provisions and evidencing the Holder’s right to exercise such warrant for the appropriate
number of shares of capital stock and Alternate Consideration, if any, in exchange for this Warrant. The Company shall ensure that
the terms of any agreement pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor
or surviving entity to comply with the provisions of this Section 11(c)
and ensuring that this Warrant (or any such replacement security) will be similarly adjusted upon any subsequent transaction or
series of related transactions analogous to a Fundamental Transaction.

 

    	5

    	 

    

 

(d)              
Dilutive Share Issuances. If the Company shall at any time while this Warrant is outstanding issue or agree to issue
any shares of Common Stock for a consideration (or deemed price) less than the Exercise Price in effect at the time of such issue,
then, and thereafter successively upon each such issue, the Exercise Price shall be reduced to such other lower issue price. For
purposes of this adjustment, the issuance of any security carrying the right to convert or exchange such security into shares of
Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Exercise Price upon
the issuance of the above-described security and again upon the issuance of shares of Common Stock upon exercise of such conversion
or purchase rights if such issuance is at a price lower than the then applicable Exercise Price. Notwithstanding the foregoing,
in no event shall the Exercise Price be reduced below $0.77 per share pursuant to this Section 11(d). For the sake of clarity,
no adjustment shall be made to the Exercise Price pursuant to this Section 11(d) in respect of any Excluded Issuance, and
the provisions of this Section 11(d) are in addition to (not in lieu of) the provisions set forth in Section 12.13 of the
Purchase Agreement.

 

(e)               
Definitions. “VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (A) if the Common Stock is then
listed or quoted on a trading market, the daily volume weighted average price of the Common Stock for such date (or the nearest
preceding date) on the principal trading market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P.
(based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (B) if prices for the Common
Stock are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported during trading
hours, or (C) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser
selected in good faith by the Company’s Board of Directors and reasonably acceptable to the Holder, the fees and expenses
of which shall be paid by the Company.

 

(f)               
Calculations. All calculations
under this Section 11 shall be made
to the nearest cent or the nearest 1/100th of a share, as applicable. The number of shares of Common Stock issued and outstanding
at any given time for purposes of this Section 11
shall not include any shares owned or held by or for the account of the Company or any Subsidiary, and the disposition of any such
shares shall be considered an issue or sale of Common Stock.

 

(g)              
Notice of Adjustments.
Upon the occurrence of each adjustment pursuant to this Section 11,
the Company at its expense will promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate
setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares
or other Alternate Consideration issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise
to such adjustments in all material respects and showing in detail the facts upon which such adjustment is based. Upon written
request, the Company will promptly deliver a copy of each such certificate to the Holder and to the Company’s transfer agent.

 

    	6

    	 

    

 

(h)              Notice of Corporate Events.
If (A) the Company declares a dividend (or any other distribution of cash, securities or other property in whatever form)
on the Common Stock, including any granting of rights or warrants to subscribe for or purchase any capital stock of the Company
or any Subsidiary or of any rights, (B) the Company declares a special nonrecurring cash dividend on or a redemption of the
Common Stock, (C) the approval of any stockholders of the Company shall be required in connection with any reclassification
of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially
all of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted into other securities,
cash or property, or (D) the Company authorizes the voluntary or involuntary dissolution, liquidation or winding up of the
affairs of the Company; then, in each case, the Company shall deliver to the Holder, at least twenty (20) calendar days prior to
the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken
for the purpose of such dividend, distribution, or redemption, or if a record is not to be taken, the date as of which the holders
of the Common Stock of record to be entitled to such dividend, distributions, or redemption are to be determined, or (y) the
date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or
close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares
of the Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale,
transfer or share exchange; provided, however, that the failure to deliver such notice or any defect therein shall
not affect the validity of the corporate action required to be described in such notice. To the extent that any notice provided
hereunder constitutes, or contains, material, non-public information regarding the Company or any Subsidiary, the Company shall
simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K. The Holder shall remain entitled
to exercise this Warrant during the period commencing on the date of such notice to the effective date of the event triggering
such notice except as may otherwise be expressly set forth herein.

 

(i)                Payment of Exercise Price.
The Holder may pay the Exercise Price in one of the following manners:

 

(i)                
Cash Exercise.
The Holder may pay by certified or official bank check, by intra-bank account transfer or by wire transfer of same-day funds.

 

(ii)              
Cashless Exercise.
The Holder may elect instead to utilize a cashless exercise method, in which event the Company shall issue to the Holder the number
of Warrant Shares determined as follows:

 

	 	X =Y × ((A – B ) / A)
	 	where:
	 	X =the number of Warrant Shares to be issued to the Holder.
	 	Y =the number of Warrant Shares with respect to which this Warrant is being exercised.
	 	A =the closing price of shares of Common Stock for the trading day immediately prior to (but not including) the Exercise Date.
	 	B =the Exercise Price.

 

    	7

    	 

    

For purposes of Rule
144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares issued in a cashless
exercise transaction shall be deemed to have been acquired by the Holder, and the holding period for the Warrant Shares shall be
deemed to have commenced, on the date this Warrant was originally issued.

 

12.             
Limitation on Exercise Pending Stockholder
Approval. Holder’s right to exercise this Warrant into shares of Common Stock is expressly subject to the limitations
and conditions set forth in Section 12.12 of the Purchase Agreement.

 

13.              No
Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise of this Warrant.
In lieu of any fractional shares which would otherwise be issuable, the Company shall pay the Holder an amount of cash equal to
the product of such fraction multiplied by the closing price of one share of Common Stock as reported on the principal trading
market for the Common Stock on the Date of Exercise.

 

14.             
Notices. Any and all notices
or other communications or deliveries hereunder (including any Exercise Notice) shall be in writing and shall be deemed given and
effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the
facsimile number pursuant to this Section 14
prior to 6:30 p.m. (New York City time) on a trading day, (ii) the next trading day after the date of transmission, if such
notice or communication is delivered via facsimile at the facsimile number specified pursuant to this Section 14
on a day that is not a trading day or later than 6:30 p.m. (New York City time) on any trading day, (iii) the trading
day following the date of mailing, if sent by nationally recognized overnight courier service to the street address specified pursuant
to this Section 14, or (iv) upon
actual receipt by the party to whom such notice is required to be given. The addresses for such communications shall be as follows:

 

(a)               
if to the Company, to:

 

LiveDeal, Inc.

6240 McLeod Drive, Suite 120

Las Vegas, Nevada 89120

Attn: Accounting Department

Facsimile No.: (702) 939-0244

 

(b)              
if to the Holder, to the address, facsimile number or email or street address appearing on the Warrant Register (which
shall initially be the facsimile number and email and street address set forth for the initial Holder in the Purchase Agreement);

 

or to such other address, facsimile number
or email address as the Company or the Holder may provide to the other in accordance with this Section 14.

 

    	8

    	 

    

15.Warrant
Agent. The Company shall serve as warrant agent under this Warrant. Upon thirty (30) days’ notice to the Holder,
the Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any
corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation
to which the Company or any new warrant agent transfers substantially all of its corporate trust or stockholders services business
shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly
cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s
last address as shown on the Warrant Register.

 

16.Miscellaneous.

 

(a)               
Assignment. Subject to
the restrictions on transfer described herein, the rights and obligations of the Company and the Holder shall be binding upon,
and inure to the benefit of, the successors, assigns, heirs, administrators and transferees of the parties. The Company shall not
have the right directly or indirectly to assign or transfer this Warrant without the prior written consent of the Holder, which
may be withheld in the Holder’s sole discretion, or as part of a Fundamental Transaction.

 

(b)              
No Third Party Beneficiaries.
Nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder any legal or equitable right,
remedy or cause of action under this Warrant.

 

(c)               
Amendments; Waiver. This
Warrant may be amended only in writing signed by the Company and the Holder, and any amendment so effected shall amend each Warrant
issued pursuant to the Purchase Agreement and be binding upon each holder of such Warrants (provided, however, that
any such amendment that adversely affects any holder or class of holders of such Warrants in a manner that does not apply uniformly
to all holders of such Warrants, as applicable, shall require the written consent of such adversely affected holders or class).
Any provision of this Warrant may be waived, but only if in writing by the party against whom enforcement of any such waiver is
sought. No waiver of any default with respect to any provision, condition or requirement of this Warrant shall be deemed to be
a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement
hereof, nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any
such right.

 

(d)              
Governing Law. This Warrant
shall be governed by and construed in accordance with the laws of the State of Nevada, without regard to principles of conflict
of laws.

 

(e)               
Severability. If one or
more provisions of this Warrant are held to be unenforceable under applicable law in any respect, such provision shall be excluded
from this Warrant and the balance of this Warrant shall be construed and interpreted as if such provision were so excluded and
shall be enforceable in accordance with its remaining terms.

 

[Remainder of Page Intentionally Left
Blank; Signature Page Follows]

 

    	9

    	 

    

IN WITNESS WHEREOF,
the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated above.

 

	 	
        COMPANY:

         

        LIVEDEAL, INC., a Nevada corporation

	 	 
	 	By:	 
	 	Name:	 
	 	Its:	 

 

 

 

 

 

 

 

[Signature Page – Warrant]

	
         

 

 

 

 

    	10

    	 

    

ATTACHMENT A

EXERCISE NOTICE

To LiveDeal, Inc.:

 

The undersigned hereby
irrevocably elects to purchase shares (the “Shares”) of common stock, par value $0.001 per share (“Common
Stock”), of LiveDeal, Inc., a Nevada corporation, pursuant to Warrant No. _____, originally issued on __________, 20__
(the “Warrant”). The undersigned elects to utilize the following manner of exercise:

 

Shares:

_____          Full Exercise
of Warrant

_____          Partial
Exercise of Warrant (in the amount of __________ Shares)

 

Exercise Price:$__________

 

Manner of Exercise:

_____          Certified
or Official Bank Check

_____          Intra-Bank
Account Transfer

_____          Wire Transfer

_____          Cashless
Exercise pursuant to Section 11(i)(ii) of the Warrant

 

[Please issue a new
Warrant for the unexercised portion of the attached Warrant in the name of the [undersigned]/[the undersigned’s nominee as
is specified below].]

 

	Date:	
 

	Full Name of Holder*:	
 

	Signature of Holder or Authorized Representative:	
 

	Name and Title of Authorized Representative†:	
 

	Additional Signature of Holder (if jointly held):	
 

	Social Security or Tax Identification Number:	
 

	Address of Holder:	
 

	 	
 

	 	
 

	Full Name of Nominee of Holder†:	
 

	Address of Nominee of Holder†:	
 

	 	
 

	 	
 

* Must conform in all respects to name of holder
as specified on the face of the Warrant.

† If applicable.

 

    	11

    	 

    

ATTACHMENT B

FORM OF ASSIGNMENT

 

[To
be completed and signed only upon transfer of Warrant]

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ________________________________ the right represented
by the attached Warrant to purchase __________ shares of Common Stock of LiveDeal, Inc., a Nevada corporation (the “Company”),
to which the Warrant relates and appoints ________________ as attorney to transfer said right on the books of the Company with
full power of substitution in the premises.

 

	Date:	
 

	Full Name of Holder*:	
 

	Signature of Holder or Authorized Representative:	
 

	Name and Title of Authorized Representative†:	
 

	Additional Signature of Holder (if jointly held):	
 

	Address of Holder:	
 

	 	
 

	 	
 

	Full Name of Transferee:	
 

	Address of Transferee:	
 

	 	
 

	 	
 

	
        In the presence of:

	
 

 

_________________________________________

 

* Must conform in all respects to name of holder
as specified on the face of the Warrant.

† If applicable.

 

 

    	12

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