Document:

Exhibit 4.1

 

See Transfer Restrictions on Reverse Side

 

	No. SPECIMEN	SPECIMEN Shares

 

ALFI, INC.

 

Incorporated Under the Laws of the State
of Delaware

 

Common Stock, $0.0001 Par Value Per Share,
Cusip No. 00161P 109

 

THIS CERTIFIES THAT
**Specimen** is the owner of **SPECIMEN (SPECIMEN)** fully paid and nonassessable shares of Common Stock,
$0.0001 Par Value Per Share, of Alfi, Inc. transferable on the books of the Corporation by the holder in person or by duly
authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are
issued and shall be subject to all of the provisions of the Certificate of Incorporation and amendments thereto filed or to be
filed or recorded in the office of the Secretary of the State of Delaware and to the provisions of the By-Laws of the Corporation
as now or hereafter amended.

 

WITNESS the signatures of the duly authorized
officers of Alfi, Inc.

 

Dated: _____________

 

	 	 	 
	President	 	Secretary

 

A-1

 

THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED
OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.

 

For value received,__________________________hereby sells,
assigns and transfers unto __________________

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

 

	
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

                                                                                

	
	
	

 

Shares represented
by the within Certificate, and does hereby irrevocably constitute and appoint Attorney to transfer the said shares on the books
of the within named Company with full power of substitution in the premises.

 

	Dated	 	 	 

	 	 	 	Shareholder
	 	 	 	NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
	Signature(s) Guaranteed: 	 	 	 
	By:	 	 	 

 

     

     

    

 

	 		 

THE SIGNATURE(S) MUST BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 OR ANY SUCCESSOR RULE).Exhibit 10.13

 

BRIDGE LOAN AGREEMENT

 

THIS BRIDGE LOAN
AGREEMENT (this “Agreement”) is made effective March 22, 2021, by and among the individual Lenders
as specified on the signature page below (collectively, “Lender”), and ALFI INC., a Delaware corporation,
having a business address of 429 Lenox Avenue, Suite 547, Miami Beach, Florida 33139 USA (“Borrower”).

 

RECITALS:

 

WHEREAS, Borrower,
desires to borrow from Lender to meet its immediate working capital needs; and

 

WHEREAS, Borrower
desires to borrow an aggregate of up to $250,000 (the “Loan”) from the Lender in order to meet the immediate
working capital needs of the Borrower to operate its business; and

 

WHEREAS, Borrower
intends to repay the Loan out of the proceeds expected to be realized by Borrower from a debt or equity offering; and

 

WHEREAS, Borrower
and Lender desire to outline the business arrangement between them as it relates to the funding of such Loan.

 

NOW, THEREFORE,
in consideration of the recitals, premises and the mutual agreements contained herein, and other good consideration, the sufficiency
of which is hereby acknowledged, the parties hereby agree as follows:

 

ARTICLE 1.      LOAN

 

1.1        Incorporation
of Recitals. It is expressly agreed that the recitals to this Agreement are incorporated herein and made an operative part
of this Agreement.

 

1.2        Loan.
Lender hereby agrees to lend funds to Borrower and Borrower hereby accepts the Loan from Lender and agrees to repay the same plus
applicable interest and costs and expenses upon terms and conditions as further set forth in this Agreement and its exhibit (collectively,
the “Loan Documentation”). The Lender shall fund to the Borrower the amounts reasonably requested by the Borrower
from time to time (each an “Installment Amount” and, collectively, the “Installment Amounts”);
provided, however, that the aggregate sum of the Installment Amounts shall be no less than $50,000 (the “Floor”),
and no more than $250,000 (the “Ceiling”); and provided, further, that once the aggregate sum
of the Installment Amounts reach the Floor, the Lender shall have the right (at its sole discretion), but not the obligation, to
fund any Installment Amounts to the Borrower up to the Ceiling.

 

1.3        Promissory
Note. As evidence of the Loan, Borrower shall execute and deliver one or more promissory notes (a "Note")
payable to Lender in substantially the same form as “Exhibit “A” (“Exhibit A”) which
is hereby incorporated by reference.

 

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1.4       Interest.
Borrower shall pay interest to Lender on the Loan from the Funding Date at the rate of Eighteen Percent (18.0%) per annum (computed
on the basis of actual calendar days elapsed and a year of three hundred sixty-five (365) days), or, if less, at the highest rate
of interest then permitted under applicable law, until the earlier to occur of (i) the Maturity Date or (ii) the earlier
repayment of the Note.

 

1.5         Principal.
Lender shall make the Loan available to Borrower on or before March 22, 2021 (the “Funding Date”) in lawful
money of the United States of America. The Loan plus interest and any and all unpaid costs and/or expenses shall be repaid by Borrower
to Lender on or before the sooner of: (i) a debt or equity financing transaction of $7,000,000 or more, or (ii) June 30,
2021 (the “Maturity Date”). Borrower shall not be entitled to re-borrow any prepaid Loan, interest or other
costs or charges.

 

1.6         Unsecured
Loan. The Loan shall be unsecured.

 

1.7       Additional
Financings. Borrower agrees that this Note is now and shall remain senior to any other subsequent debt of Borrower. Where Borrower
seeks to enter into any debt or equity financing arrangement during the Term of this Note, then this Note and all related sums
due shall immediately become due and payable in their entirety, provided however, at Lender’s sole option, Borrower may be
permitted alternate repayment terms. Lender shall not unreasonably withhold its consent from any subordination requests reasonably
made by Borrower.

 

1.8        Compliance.
The parties intend that the Loan be undertaken in full compliance with state and federal laws and at non-usurious rates. In the
event the terms and conditions of this Agreement shall found to be unlawful, this Agreement shall be voluntarily conformed/modified
by the parties or by a court of competent jurisdiction, to come into compliance therewith.

 

ARTICLE 2.      RELATED
LOAN PROVISIONS

 

2.1        Use
of Proceeds. Borrower will use the proceeds solely for lawful business purposes, including, but not limited to, working capital
for the expansion of the Borrower’s business and other related business activities.

 

2.2        Voting
Common Stock Kicker. In connection with the Note, Borrower shall issue to Lender an amount of Voting Common Voting Stock in
Borrower (the “Lender Shares”), with such Lender Shares equal to 1.260023 shares of Voting Common Stock for
every $2 advanced under the Note (for example, if the full $250,000 is advanced under the Note, a total of 157,503 Shares of Voting
Common Stock would be issued to Lender).

 

    Page 2 of 14

     

    

2.3        Terms
of Lender Shares. The Lender Shares shall be subject to the following features:

 

		(a)	Such Lender Shares shall be subject to a 12-month, post Initial Public Offering (“IPO”)
re-sale “Lock-up” restriction.

 

		(b)	Following the term of the “Lock-up”, the Lender Shares can be sold by Lender upon the
following terms:

 

		a.	Lender shall have the right following “Lock-Up,” to a one-time sale of up to 25% of
the Lender Shares.

 

		b.	The remaining Lender Shares, which are not otherwise sold in such one-time sale (e.g., 75% of the
Lender Shares if 25% of the Equity Shares are sold in the one-time sale), may only be sold if (i) the selling price per share
is at least 110% of the IPO price per share, and (ii) if such sale combined with all other sales by such Lender during a thirty
(30) day period, represents no more than 10% of the most recent 25-day average trading volume related to Borrower’s shares
purchased and sold on the market.

 

		(c)	For a period of 36 months from the Funding Date, Borrower shall have the option, with Lender’s
consent, to buy-back any Lender Shares still held by Lender, at a purchase price of $4 per share.

 

		(d)	Further, in all cases where Borrower is not in default of this Agreement, the Lender Shares shall
under no circumstances be voted by Lender such that the Lender Shares when combined with Lender’s currently owned shares,
shall exceed fifty percent (50%) of the then voting shares of Borrower (to be evaluated on a case-by-case basis), nor shall the
Lender Shares be used to support any Written Consent pursuant to 8 Del. C. §141(f) of the Delaware General Corporation
Law. For the sake of clarification, the Lender Shares may be voted in all cases where the vote, inclusive of non-Lender shares
is unanimous, and where such approval is required to proceed with any IPO.

 

2.4        Costs
and Expenses. Borrower shall be responsible for all documented out-of-pocket costs and reasonable and documented legal expenses
incurred by Lender in connection with this Loan of up to $10,000, including processing fees, attorney fees, UCC searches, Florida
Documentary Stamps, and filing fees.

 

ARTICLE 3.      CLOSING

 

3.1         Closing.
The Closing of the Loan shall take place on the Funding Date simultaneously with the execution of this Agreement and the Note at
such time and place as mutually agreed to between the parties (the “Closing”).

 

3.2          Lender’s
Closing Deliverables. At the Closing, Lender shall deliver (i) this Agreement duly executed by Lender; and (ii) the
initial draw of the Loan Amount to Borrower via bank check or wire transfer or such other manner as shall be mutually agreed upon
between Borrower and Lender.

 

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3.3        Borrower’s
Closing Deliverables. At the Closing, Borrower shall deliver: (i) this Agreement duly executed by Borrower; and (ii) the
Note duly executed by Borrower.

 

3.4       Application
of Payments. Unless a payment is made by Borrower and received at a time when no Default or Event of Default exists and is
earmarked for a specific purpose (e.g., a periodic interest payment), the general rule for application of payments to the
obligations shall call for application: (i) first, to accrued expense or indemnity obligations then due under this Agreement
or the Note; (ii) second, to accrued interest under the Note; and (iii) third, to any amount of principal outstanding
under the Note.

 

ARTICLE 4.      REPRESENTATIONS, WARRANTIES
AND COVENANTS OF BORROWER

 

4.1       Authority.
Borrower is a Delaware corporation in good standing and has the full power and legal authority to conduct its business and to make,
deliver and perform this Agreement. Borrower has taken all necessary actions to authorize the execution, delivery and performance
of this Agreement, and the borrowing on the terms and conditions of this Agreement. No consent or authorization of, filing with,
notice to or other similar act by or in respect of, any governmental authority or any other person (including persons who are beneficiaries
of obligations of Borrower) is required to be obtained or made by or on behalf of Borrower in connection with the execution, delivery,
performance, validity or enforceability of this Agreement. This Agreement has been submitted to, ratified and approved by the Borrower
in the manner required by law.

 

4.2        Effectiveness.
This Agreement and the Note shall constitute the legal, valid and binding obligation of Borrower, enforceable against Borrower
in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,, moratorium
or similar laws affecting creditors' rights generally and except as enforceability may be subject to general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

4.3        No
Legal or Contractual Bar. This borrowing and the use of proceeds: (a) do not and will not violate any requirement of law
or obligation of Borrower or permit the acceleration of any obligation of Borrower pursuant to any such obligation; and (b) do
not and will not result in, or require, the creation of imposition of any lien on any of Borrower's properties or revenues pursuant
to any such requirement of law or obligation other than the security interest granted to the Lender in the Collateral as set forth
in the security provisions of the Note.

 

4.4       Waiver.
Borrower has waived any potential conflict of interest that could otherwise ever be asserted against Lender arising out of matters
relating to this Agreement or the Loan.

 

4.5        Information.
To the best of its knowledge, Borrower confirms that: (a) all information and written materials which Borrower has provided
or will provide to Lender in connection with the Loan are accurate in all material respects; and (b) Borrower has all the
necessary authority to disclose, provide copies and authorize the use of such information and written materials to Lender. Lender
is hereby authorized by Borrower to use such information and written materials for its evaluation of the Loan by its officers,
directors, employees, agents and representatives for internal assessment purposes and for the purpose of inclusion of information
and materials to nominees selected by Lender for purposes of syndicating the proposed Loan.

 

    Page 4 of 14

     

    

ARTICLE 5.      REPRESENTATIONS AND WARRANTIES
OF LENDER

 

5.1         Authority.
Lender has the power and authority, and the legal right, to make, deliver and perform this Agreement and to lend funds to Borrower,
and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. No consent or authorization
of, filing with, notice to or other similar act by or in respect of, any governmental authority or any other person (including
persons who are beneficiaries of obligations of Borrower) is required to be obtained or made by or on behalf of Lender in connection
with the execution, delivery, performance, validity or enforceability of this Agreement.

 

5.2        Effectiveness.
Upon execution, this Agreement and its exhibit shall constitute the legal, valid and binding obligation of Lender, enforceable
against Lender in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors' rights generally and except as enforceability may be subject to general principles
of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law.

 

ARTICLE 6.      CONDITIONS OF LENDING

 

6.1         Representations
and Warranties. Each of the representations and warranties made by each party to the other pursuant to this Agreement (or in
any amendment, modification or supplement hereto or thereto) shall, except to the extent that they relate to a particular date,
be true and correct in all material respects on and as of such date as if made on and as of such date.

 

6.2      Financial
Condition of Borrower. Borrower has provided or will provide all material information regarding the financial condition of
Borrower as of the latest practicable date. During the term of the Loan, Borrower shall provide quarterly financial reports and
make interim financial updates for material events to Lender. Additionally, should a default occur, Borrower shall be obligated
to provide information on a weekly basis to Lender as the business develops such information and shall provide immediate access
to all financial reporting, statements, books and records upon Lender’s request. This provision for disclosure shall be
considered a material consideration for the provision of this Loan, and Borrower shall be deemed in default of this Agreement
should accurate, timely and complete disclosures not occur.

 

6.3         Approval.
This Agreement has been submitted to, ratified and approved by the Borrower and by Lender in the manner required by the law of
Lender’s jurisdiction of residence.

 

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6.4      Compliance.
Borrower will maintain and operate the business in accordance with all applicable laws, regulations, industry and insurance
requirements, in each case, in all material respects. Borrower shall obtain and maintain such authorizations, licenses, permits
and other governmental or regulatory agency approvals as are required for the performance of this Agreement.

 

6.5       Insurance.     Borrower
shall obtain and maintain liability and property and casualty insurance in such amounts, with insurers and under policies in form
and substance reasonably satisfactory to Lender.

 

6.6       No
Default. Borrower shall have complied with each and every covenant and agreement applicable to it contained in this Agreement
and the Note and no Event of Default shall have occurred and be continuing on such date or after giving effect to the Loan.

 

ARTICLE 7.      EVENTS OF DEFAULT

 

7.1        Event
of Default. An "Event of Default" shall mean any of the events specified herein; provided that any requirement
for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. The following are Events of Default
under this Agreement, the Loan and the Note:

 

(a)        Borrower
shall fail to pay: (i) any amount of principal payable under the Note when due in accordance with the terms hereof of or (ii) any
interest or fees payable under the Note, in either case within then (10) business days of the date when due in accordance
with the terms hereof, in both cases after a two (2) business day email by Lender to the then CFO of Borrower; or

 

(b)        Borrower
shall default in the observance or performance of any other covenant or agreement contained in this Agreement and such default
continues for thirty (30) days after the date that Lender has given written notice to Borrower specifying such default and requiring
that it be remedied; or

 

(c)         Borrower
shall (i) commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic
or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up,
liquidation, dissolution, composition or other relief with respect to it or its debts, (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or Borrower
shall make a general assignment for the benefit of its creditors, or (C) cease doing business in the ordinary course; or (ii) there
shall be commenced against Borrower any case, proceeding or other action or a nature referred to in clause (i) above which
(A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged,
unstayed or unbonded for a period of sixty (60) days; or (iii) there shall be commenced against Borrower any case, proceeding
or other action seeking issuance of a warrant of attachment, execution or similar process against all or any substantial part of
its assets which results in the entry of an order for such relief which shall not have been vacated, discharged, stayed or bonded
pending appeal within sixty (60) days from the entry thereof; or (iv) Borrower shall take any corporate action in furtherance
of, or indicating its consent to, approval of or acquiescence in any of the acts set forth in clause (i), (ii), or (iii) above;
or (v) Borrower shall fail to comply with all applicable federal or state securities laws, rules or regulations, or exchange
rules, or generally be unable to, or shall admit in writing its general inability to, pay its debts as they become due; or

 

    Page 6 of 14

     

    

(d)        Any
representation or warranty made by Borrower under this Agreement shall be false or incorrect in any material respect on the date
such representation or warranty was made;

 

(e)       The
determination by Lender, in its sole reasonable discretion, that a debt or equity financing transaction of Borrower as currently
contemplated, will not take place, or

 

(f)         This
Agreement or any Note shall, for any reason, fail or cease to be enforceable in any material respect; then, and in any such event,
(A) if such event is an Event of Default specified in clause (i) or (ii) of subsection (c) above, with respect
to Borrower, automatically the Loan hereunder (with accrued interest thereon) and all other amounts owing under this Agreement
or any Note shall immediately become due and payable, (B) if such event is any other Event of Default, Lender may, by written
notice to Borrower, declare the Loan hereunder (with accrued but unpaid interest thereon) and all other amounts owing under this
Agreement or any Note to be due and payable forthwith, whereupon the same shall immediately become due and payable, (C) Lender
may exercise all rights and remedies available to it in equity, at law, or pursuant to the provisions of this Agreement or otherwise,
and (D) Lender may exercise its privilege to collect on the entire amount of any outstanding principal and interest and any
and all costs associated with collection (including attorney fees at any level).

 

7.2        Remedies
Not Exclusive. The remedies conferred upon or reserved to Lender are intended to be in addition to, and not in limitation of,
any other remedy or remedies available to Lender.

 

ARTICLE 8.      MISCELLANEOUS

 

8.1        Amendments.
This Agreement and any terms hereof may not be amended, supplemented or modified except pursuant to a writing signed by both Lender
and Borrower.

 

8.2          Notices.
All notices, requests and demands to or upon the respective parties hereto be effective shall be in writing (including by fax and/or
e-mail) and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered: (i) by
hand, upon receipt or (ii) three (3) days after being deposited in the mail, postage prepaid, or (ii) in the case
of facsimile transmission notice, when received (with confirmation of receipt), or (iii) in the case of delivery by a nationally
recognized overnight courier, when received, in each case addressed to such addresses or fax number as may be hereafter notified
by the respective parties hereto.

 

8.3          Successors
and Assigns. Borrower may not assign its rights or obligations under this Agreement or any Note without the consent of Lender.
Lender may assign its interests in this Agreement or any Nate issued hereunder. This Agreement shall be binding upon and inure
to the benefit of Borrower and Lender and their respective successors and permitted assigns.

 

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8.4        Severability.
Any provision of this Agreement that is prohibited or unenforceable shall not invalidate or render enforceable such provision
in any other jurisdiction.

 

8.5        Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be governed by and interpreted in accordance
with the laws of the State of Florida, without regard to any conflicts of law provisions.

 

8.6        Dispute
Resolution. In the event of a dispute the following actions shall be taken:

 

(a)        If
a claim or controversy between the parties is not resolved for any reason, Lender and Borrower shall meet within twenty (20) days
of written notice of one party to the other to attempt, in good faith, to settle or resolve the matter. Such process shall not
stay any termination permitted under this Agreement. Compliance with the provisions of this paragraph shall be a condition precedent
to any claim in any arbitration, judicial, or other dispute resolution process.

 

(b)        Excluding
claims for injunctive relief, all controversies or disputes arising out of or relating to this Agreement that cannot be resolved
by the parties’ authorized representatives shall be resolved by binding arbitration in accordance with the then current Commercial
Arbitration Rules of the American Arbitration Association. The parties shall endeavor to select a mutually acceptable arbitrator
knowledgeable about issues relating to the subject matter of this Agreement. In the event the parties are unable to agree to such
a selection, each party will select an arbitrator and the two arbitrators shall in turn select a third arbitrator. The arbitration
shall take place in Miami-Dade County, Florida.

 

(c)        All
documents, materials, and information in the possession of each party that are in any way relevant to the claims or disputes shall
be made available to the other party for review, inspection and copying no later than sixty (60) days after the notice of arbitration
is served.

 

(d)       The
arbitrators shall not have the authority, power, or right to alter, change, amend, modify, add, or subtract from any provision
of this Agreement. The arbitrators shall have the power to issue mandatory orders, restraining orders, and injunctions in connection
with the arbitration. The award entered by the arbitrators shall be final and binding upon the parties, and judgment may be entered
thereon in any court of competent jurisdiction.

 

8.7     Continuing
Assurances. Borrower and Lender shall, whenever and as often as reasonably requested to do so by the other party, execute,
acknowledge and deliver or cause to be executed, acknowledged or delivered, any and all agreements and instruments as may be necessary,
expedient or proper to carry out the intent and purposes of this Agreement, providing that the requesting party shall bear the
cost and expense of such further agreements or documents (except that the parties shall bear their respective attorneys’
fees and costs).

 

[Signature page follows]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Bridge Loan Agreement and its exhibit to be duly executed and delivered on their behalf as
of the date first above written.

 

	Borrower	 
	ALFI, INC.	 
	 
	By:	 	 	 
	 
	Lender	Lender
	Lee Aerospace, Inc.	Paul Antonio Pereira
	 
	By:	 	 	By:	 	 
	Title:	CEO	 	Amount:	$100,000.00	 
	Amount: 	$100,000.00	 	 
	 
	Lender	 
	Rachael Pereira	 
	 
	By:	 	 	 
	Amount:	$50,000.00	 	 
	 

    Page 9 of 14

     

    

EXHIBIT A

 

PROMISSORY NOTE

 

[Attached]

 

    Page 10 of 14

     

    

PROMISSORY
NOTE

 

	$250,000	Miami, Florida   
	 	March 22, 2021

 

FOR VALUE RECEIVED,
the undersigned borrower (the “Borrower”) promises to pay to pay the individual Lenders as specified on the
signature page below, and on a pro rata basis (collectively, “Lender”), at its principal office
the aggregate principal sum of up to Two Hundred and Fifty Thousand ($250,000.00) (the “Maximum Principal Amount”),
as updated and set forth on the attached Schedule 1, together with interest on the outstanding principal of each Installment
Amount (as defined below) at the rate of Eighteen Percent (18.0%) per annum (computed on the basis of actual calendar days elapsed
and a year of three hundred sixty-five (365) days), or, if less, at the highest rate of interest then permitted under applicable
law. Interest shall commence respectively on the date when each Installment Amount is received by the Borrower and shall continue
to accrue on the corresponding outstanding principal until paid in accordance with the provisions hereof. If any interest is determined
to be in excess of the then legal maximum rate, then that portion of each interest payment representing an amount in excess of
the then legal maximum rate shall be deemed a payment of the applicable principal of the corresponding Installment Amount and applied
against the principal of the obligations evidenced by this Promissory Note (this “Note”).

 

1.          Maturity.
Unless sooner paid in accordance with the terms hereof, the entire unpaid principal amount as then set forth on Schedule 1
and all unpaid accrued interest of this Note shall become fully due and payable on the earlier of (i) a debt or equity financing
transaction of Borrower of $7,000,000 or more, (ii) June 30, 2021 (the “Maturity Date”), or (iii) the
acceleration of the maturity of this Note pursuant to Section 3.

 

2.         Installment
Amounts. The Lender shall fund to the Borrower the amounts reasonably requested by the Borrower from time to time for its operating
and/or capital expense purposes (each an “Installment Amount” and, collectively, the “Installment Amounts”)
and the Borrower shall update Schedule 1 accordingly; provided, however, that the aggregate sum of the Installment
Amounts set forth on Schedule 1 shall not exceed the Maximum Principal Amount; and provided, further, that
the Lender shall have the right (at its sole discretion), but not the obligation to fund any Installment Amounts to the Borrower,
up to the Maximum Principal Amount.

 

3.          Events
of Acceleration. The entire unpaid principal amount of this Note and all then accrued and unpaid interest of this Note shall
become fully due and payable upon the earliest of:

 

     (i)           the
filing of a petition by or against the Borrower under any provision of the Bankruptcy Reform Act (Title 11 of the United States
Code), as amended or recodified from time to time, or under any other law relating to bankruptcy, insolvency, reorganization or
other relief for debtors;

 

     (ii)           the
appointment of a receiver, trustee, custodian or liquidator of or for any part of these assets or property of the Borrower;

 

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     (iii)          immediately
prior to the closing of an acquisition of the Borrower, whether by merger or the purchase of all of its outstanding stock or all
(or substantially all) of its assets, by an unrelated third party;

 

     (iv)          the
execution by the Borrower of a general assignment for the benefit of creditors; or

 

    (v)         The
determination by Lender, in its reasonable discretion, that a debt or equity financing transaction of Borrower as currently contemplated,
will not take place.

 

4.          Form of
Payment; Prepayment. All payments of principal and interest on this Note shall be made without offset or deduction in lawful
tender of the United States to the Lender. All payments on this Note shall be applied first to the payment of accrued and unpaid
interest, and thereafter to the payment of principal. Prepayment of the principal balance of this Note, together with all accrued
and unpaid interest, may be made in whole or in part at any time without penalty.

 

5.          Unsecured
Loan. The Borrower’s obligations under this Note shall be unsecured.

 

6.          Default.
For purposes of this Note, the failure of the Borrower to pay when due the principal balance and accrued interest under this Note
shall constitute an “Event of Default.” If an Event of Default occurs, all indebtedness under this Note shall
become immediately due and payable without any action on the part of the Lender, and the Borrower shall immediately pay to the
Lender all such amounts.

 

7.          Collection
and Attorneys’ Fees. If any action is instituted to collect any indebtedness under this Note, then the Borrower promises
to pay all reasonable costs and expenses, including reasonable attorneys’ fees, incurred by the Lender in connection with
such action.

 

8.          Assignment.
The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of
the parties. Notwithstanding the foregoing, neither the Lender nor the Borrower may assign, pledge or otherwise transfer this Note
without the prior written consent of the other party.

 

9.          Governing
Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of Florida, without giving effect to principles of conflicts of
law thereof.

 

10.          Conflicting
Agreements. In the event of any inconsistencies between the terms of this Note and the terms of any other document related
to the loan evidenced by this Note, the terms of this Note shall prevail.

 

11.        Amendment.
Any term of this Note may be amended and the observance of any term of this Note may be waived only with the written consent of
the Lender and the Borrower; provided, however, that the Borrower may update Schedule 1 attached hereto without
such written consent in order to reflect additional Installment Amounts received by the Borrower from time to time.

 

[Signature page follows.]

 

    Page 12 of 14

     

    

IN WITNESS WHEREOF,
the Borrower has caused this Note to be duly executed and delivered as of the date first above written.

 

	 	BORROWER
	 
	 	AFLI INC.
	 
	 	By:	 
	 	Name:	 Paul Antonio Pereira
	 	Title:	Chief Executive Officer

 

Acknowledged and Agreed:

 

	LENDER	 
	 
	LEE AEROSPACE, INC.	 
	 
	By:	 	 
	Name:	 James Lee	 
	Title:	Chief
Executive Officer	 

 

	LENDER	 
	 
	Paul Antonio Pereira	 
	 
	By:	 	 
	Name:	 	 

 

	LENDER	 
	 
	Rachael Pereira	 
	 
	By:	 	 
	Name:	 	 

 

    Page 13 of 14

     

    

SCHEDULE 1

 

In accordance with
Section 2 of this Note, the Lender has loaned to the Borrower the following Installment Amounts on the respective dates received
by the Borrower, as set forth below:

 

	Date Received by Borrower	 	Installment Amounts	 	 	Lender and Loan Amount
	March 22, 2021	 	$	100,000.00	 	 	Lee Aerospace, Inc
	March 22, 2021	 	$	100,000.00	 	 	Paul Antonio Pereira
	March 22, 2021	 	$	50,000.00	*	 	Rachael Pereira
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
		 	 	 	 	 	 
	Total	 	$	250,000.00	**	 	 

 

*combined total equals $50,000.00 (floor)

**In accordance with Article 1.2

 

    Page 14 of 14

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