Document:

Exhibit 10.2

 

SECURITIES PURCHASE
AGREEMENT

 

This SECURITIES
PURCHASE AGREEMENT (this “Agreement”), is dated as of September , 2021, entered into by and among Stemtech Corporation,
a Delaware corporation and Globe Net Wireless Corp., a Nevada corporation (collectively, the “Company”), and Sharing
Services Global Corporation, a Nevada corporation (the “Investor”).

 

WITNESSETH:

 

WHEREAS, the Company
and Investor are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section
4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and rule 506(b) of Regulation D (“Regulation
D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities
Act;

 

WHEREAS, the Company
has authorized a new convertible note of the Company in the form attached hereto as Exhibit A (the “Note”),
which Note shall be convertible into shares of Common Stock of the Company (such shares issuable pursuant to the terms of the Note upon
conversion or otherwise, collectively, the “Note Conversion Shares”), in accordance with the terms of the Note;

 

WHEREAS, pursuant
to the purchase of the Note, the Company will issue to the Investor warrants substantially in the form attached hereto as Exhibit
B (the “Warrants”), which Warrants shall be exercisable into shares of Common Stock of the Company (such shares
issuable pursuant to the terms of the Warrants upon conversion or otherwise, collectively, the “Warrant Conversion Shares”)
(together with the Note Conversion Shares, the “Conversion Shares”), in accordance with the terms of the Warrants;

 

WHEREAS, the
Investor wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, a Note in the amount
of $1,400,000 (the “Investment Amount”); and

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

		1.	PURCHASE AND SALE OF NOTE.

 

(a)           
Purchase of Note. Subject to the terms and conditions of this Agreement, the Company shall issue and sell to the Investor,
and the Investor agreed to purchase from the Company the Note in the original principal amount of the Investment Amount. The Note shall
be substantially in the form attached as Exhibit A to this Agreement.

 

(b)          
Closing. The initial closing of the purchase and sale of the Note (the “Closing”) shall take place on
the date when all of the Transaction Documents have been executed and delivered by the applicable parties and the other conditions to
the Closing set forth herein and in Sections 5 and 6 below have been satisfied or waived (or such later date as is mutually
agreed to by the Company and the Investor) (the “Closing Date”).

 

(c)           
Form of Payment. The Investor shall pay the Investment Amount to the Company for the Note to be issued and sold to the Investor,
by wire transfer of immediately available fund. The Investment Amount shall be funded, by wire transfer, to a bank account of the Company
that will be opened no later than five (5) days from signing this Agreement.

 

(d)          
Delivery of Notes. On the Closing Date, the Company shall deliver to the Investor: (i) the Note to be issued at such Closing,
duly executed on behalf of the Company and (ii) the Commitment Fee Shares.

 

 

 

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(e)          
Origination Fee. Subject to the terms and conditions of this Agreement, at the Closing (as defined herein) the Company hereby
agrees to pay to the Investor an origination fee equal to Five Hundred Thousand Dollars ($500,000) (the “Origination Fee”)
in Common Stock of the Company at a price equal to the VWAP (Volume Weighted Average Price) of the first thirty (30) days of the Company’s
Common Stock based on the timeframe of August 20, 2021 through September 19, 2021. The VWAP shall be calculated on the price of the Common
Stock of the Company as quoted by Bloomberg, LP or such other quotation service, and such shares of the Company’s Common Stock issued
upon payment of the Origination Fee are referred to herein as the “Origination Fee Shares.” The Note, the Warrant,
the Note Shares, the Warrant Shares, and Origination Fee Shares are sometimes collectively referred to herein as the “Securities.”
On the Closing Date, Company shall deliver to the Investor, the Origination Fee Shares to be issued at Closing. Immediately after the
expiration of September 19, 2021 (but in any event no later than 3:00 p.m., New York City time, on September 23, 2021), the Company shall
deliver to the Investor, the Origination Fee Shares.

 

(f)           
No Variable Rate Transactions. While the Note is due and payable, the Company shall not enter into any new Variable Rate
Transactions with any party other than the Investor. “Variable Rate Transaction” means a means a transaction in which
the Company: (i) issues or sells any debt securities that are convertible into, exchangeable or exercisable for, or include the right
to receive, additional shares of Common Stock either: (A) at a conversion price, exercise price or exchange rate or other price that varies
with, the trading prices of or quotations for the shares of Common Stock at any time after the initial issuance of such debt or equity
securities or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance
of such debt security or upon the occurrence of specified or contingent events directly or indirectly related to the business of the Company
or the market for the Common Stock or (ii) enters into any agreement, including, but not limited to, an equity line of credit, whereby
the Company may sell securities at a future determined price. Notwithstanding the foregoing, the Company represents and warrants to the
Investor that the only variable rate transaction with any party which exist as of the date of this Agreement are those which are set out
on Schedule 1 attached hereto and incorporated herein.

 

(g)          
Piggyback Registration Rights. If the Company at any time determines to file a registration statement under the Securities
Act to register the offer and sale, by the Company, of Common Stock (other than (x) on Form S-4 or Form S-8 under the Securities Act or
any successor forms thereto, (y) an at-the-market offering, or (z) a registration of securities solely relating to an offering and sale
to employees or directors of the Company pursuant to any employee stock plan or other employee benefit plan arrangement), the Company
shall, as soon as reasonably practicable, give written notice to the Investor of its intention to so register the offer and sale of Common
Stock and, upon the written request, given within ten (10) business days after delivery of any such notice by the Company, of the Investor
to include in such registration statement Conversion Shares (which request shall specify the number of Conversion Shares proposed to be
included in such registration), the Company shall cause all such Registrable Shares up to one hundred percent (100%) of the total registered
offering to be included in such registration statement on the same terms and conditions as the Common Stock otherwise being sold pursuant
to such registered offering, subject to SEC rules and regulations.

 

		2.	ISSUANCE OF WARRANTS.

 

(a)           
Issuance of the Warrants. Subject to the terms and conditions of this Agreement, the Company shall issue to the Investor,
detachable warrants to purchase up to 1.4 Million shares of the Company’s Common Stock (the “Warrants”). Such
Warrants shall be in substantially in the form attached hereto as Exhibit B. The exercise price for the Warrants shall be
equal to the VWAP based on the prior ten (10) day trading period of the Company’s Stock as more specifically described in the Warrant
instrument. The Warrants shall be exercisable for a period of three (3) years from the Closing Date. Neither the Company nor the Investor
shall undertake or permit any action in furtherance of conduct which constitutes or has the consequence of, the shorting of the Common
Stock of the Company.

 

(b)          
Delivery of Warrants. On the Closing Date, the Company shall
deliver to the Investor the Warrants to be issued at such Closing, duly executed on behalf of the Company. The Investor shall deliver
to the Company a countersigned signature page.

 

 

 

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		3.	REPRESENTATIONS AND WARRANTIES.

 

(a)           
Representations and Warranties of the Company. The Company hereby makes the following representations and warranties to
the Investor:

 

(i) 
Organization and Qualification. The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized,
validly existing, and, if applicable under the laws of the jurisdiction in which they are formed, 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: (i) a material adverse
effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations,
assets, business, prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) a material
adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction
Document (any of (i), (ii) or (iii), 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. ”Subsidiaries”
means any Person in which the Company, directly or indirectly, controls or operates all or any part of the business, operations or administration
of such person, and each of the foregoing, is referred to herein as a “Subsidiary.”

 

(ii) 
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations
hereunder and thereunder. The execution and delivery of this Agreement and each of the other Transaction Documents by the Company and
the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part
of the Company and no further action is required by the Company, the Board of Directors or the Company’s shareholders in connection
herewith or therewith. This Agreement and each other Transaction Document to which it is a party has been (or upon delivery will have
been) duly executed by the Company and, when delivered in accordance with the terms hereof and thereof, will constitute the valid and
binding obligation of the Company enforceable against the Company in accordance with its terms, except: (i) as limited by general equitable
principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement
of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief
or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law. “Transaction
Documents” means, collectively, this Agreement, the Note, the Warrants, the Irrevocable Transfer Agent Instructions (as defined
below) and each of the other agreements and instruments entered into or delivered by any of the parties hereto in connection with the
transaction contemplated hereby and thereby, as may be amended from time to time.

 

(iii) 
Issuance of Securities. 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 nonassessable, free and clear of all Liens imposed by the Company
other than restrictions on transfer provided for in the Transaction Documents. Upon issuance or conversion or conversion in accordance
with the Note or Warrants, the Note Conversion Shares and/or Warrant Conversion Shares, respectively, when issued and payment is made,
if required, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights or Liens with respect
to the issue thereof, with the holder being entitled to all rights accorded to a holder of Common Stock. Subject to the accuracy of the
representations and warranties of the Investor in this Agreement, the offer and issuance by the Company of the Securities is exempt from
registration under the Securities Act.

 

(iv) 
Reservation of Conversion Shares. At the Closing, the Company shall initially have reserved an adequate amount of authorized
and unissued shares of Common Stock, including treasury shares of Common Stock (“Initial Reserve Amount”), solely
for the purpose of enabling it to issue the Warrant Conversion Shares upon exercise of the Warrants and/or Note Conversion Shares upon
conversion of the Note. Following the Closing, as soon as practicable, the Company shall: (i) seek and obtain shareholder approval, either
at a special meeting of shareholders or at the regular annual meeting of shareholders, in either case before October 15, 2021, for the
increase in the number of authorized shares of Common Stock at least equal to the amount of shares necessary to provide for the issuance
of Common Stock upon the full exercise of the Warrants and full conversion of the Note and (ii) shall use its commercially reasonable
efforts to solicit its stockholder’s approval of the Authorized Share Increase and to cause its board of directors to recommend
to the stockholders that they approve such proposal (the “Authorized Share Increase”). Following the Authorized Share
Increase, the Company shall at all times during which the Warrants and Note are outstanding or the Investor owns any Warrant exercisable
for shares of the Company’s Common Stock, the Company will reserve for the Investor from its authorized and unissued shares of
Common Stock a number of shares of Common Stock equal to the amount of shares necessary to provide for the issuance of Common Stock upon
the full exercise of Warrants and full conversion of the Note (the “Subsequent Reserve Amount”). The shares must be
reserved for issuance upon the exercise of those Warrants in priority to the reservation of shares for issuance upon the conversion of
the Note issued pursuant to this Agreement.

 

 

 

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(v) 
Insufficient Authorized Shares. If at any time after the Authorized Share Increase and while the Warrants and Note remain
outstanding the Company does not have a sufficient number of authorized and unreserved shares of Common Stock to satisfy its obligation
to reserve the Subsequent Reserve Amount (an “Authorized Share Failure”), then the Company shall, as soon as practicable,
but within ninety (90) days, take all action necessary to seek shareholder consent to effect an additional Authorized Share Increase.

 

(vi) 
No Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents
to which it is a party, the issuance and sale of the Securities and the consummation by it of the transactions contemplated hereby and
thereby do not and will not: (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate or
articles of incorporation, bylaws or other organizational or charter documents, or (ii) conflict with, or constitute a default (or an
event that with notice or lapse of time or both would become a 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, anti-dilution or similar adjustments,
acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument
(evidencing a Company or Subsidiary debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by
which any property or asset of the Company or any Subsidiary is bound or affected, or (iii) conflict with or result in a violation of
any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the
Company or a Subsidiary is subject (including federal and state securities laws and regulations), or by which any property or asset of
the Company or a Subsidiary is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not
have or reasonably be expected to result in a Material Adverse Effect.

 

(vii) 
Due Execution and Delivery. The Transaction Documents constitute a legal, valid and binding obligation of the Company and,
when executed and enforced in accordance with their terms; no consent approval, authorization, order, filing, registration or qualification
of or with any court, governmental authority or third person is required to obtained by the Company in connection with the execution and
delivery of the Transaction Documents, or the performance of the Company’s obligations thereunder, other than in connection with
the actions of its stock transfer agent, Empire Stock Transfer.

 

(viii) 
Capitalization. Other than previously existing agreements no person or entity 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. The
issuance and sale of the Securities will not obligate the Company or any Subsidiary to issue shares of Common Stock or other securities
to any person or entity (other than the Investor). Except with respect to various agreements with certain shareholders regarding lock
up agreements and stock voting trusts, there are no outstanding securities or instruments of the Company or and Subsidiary with any provision
that adjusts the exercise, conversion or reset price of such security or instrument upon an issuance of the Securities by the Company
or any Subsidiary.

 

(ix) 
SEC Reports; Financial Statements. 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 of 1934, as amended (the “Exchange Act”),
including pursuant to Section 13(a) or 15(d) thereof, for the one 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 Reports”) on a timely basis or has received
a valid extension of such time of filing and has filed any such SEC Reports prior to the expiration of any such extension. As of their
respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange Act,
as applicable, and none of the SEC Reports, 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 the light of the circumstances under which
they were made, not misleading. The financial statements of the Company included in the SEC Reports comply in all material respects with
applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing.

 

(x) 
Material Changes; Undisclosed Events, Liabilities or Developments. Since the date of the latest audited financial statements
included within the SEC Reports: (i) there has been no event, occurrence or development that has had or that could reasonably be expected
to result in a Material Adverse Effect, (ii) the Company has not incurred any liabilities (contingent or otherwise) other than: (A) trade
payables and accrued expenses incurred in the ordinary course of business consistent with past practice and (B) liabilities not required
to be reflected in the Company’s financial statements disclosed in filings made with the SEC, (iii) the Company has not altered
its method of accounting, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its shareholders
or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock and (v) the Company has not issued
any equity securities to any officer or director, except as disclosed in the Company’s SEC Reports or pursuant to existing Company
stock option plans.

 

 

 

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(xi) 
Litigation. There is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge
of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before or by any court,
arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) which has not been
previously disclosed to the Investor or disclosed through SEC filings. 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 or any current or former director or officer of the
Company. The SEC has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the
Company or any Subsidiary under the Exchange Act or the Securities Act.

 

(xii) 
Listing and Maintenance Requirements. The Company has not, in the twelve (12) months preceding the date hereof, received
written notice from the OTC Pink to the effect that the Company is not in compliance with the listing or maintenance requirements of the
OTC Pink. 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.

 

(xiii) 
Compliance. Neither the Company nor any Subsidiary: (i) is in default under or in violation of (and no event has occurred
that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under),
nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture,
loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound
(whether or not such default or violation has been waived), (ii) is in violation of any judgment, decree or order of any court, arbitrator
or other governmental authority or (iii) is or has been in violation of any statute, rule, ordinance or regulation of any governmental
authority, including without limitation all foreign, federal, state and local laws relating to taxes, environmental protection, occupational
health and safety, product quality and safety and employment and labor matters, except in each case of (i), (ii) and (iii)
as could not have or reasonably be expected to result in a Material Adverse Effect.

 

(xiv) 
No Integrated Offering. Neither the Company, nor any of its Affiliates (as defined in Rule 405 of the Securities Act, “Affiliate”),
nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers
to buy any security, under circumstances that would require registration of the Securities under the Securities Act or cause this offering
of the Securities to be integrated with prior offerings by the Company for purposes of the Securities Act.

 

(b)           
Representations and Warranties of the Investor. Investor hereby makes the following representations and warranties to the
Company:

 

(i) 
Investment Purpose. Investor is acquiring the Securities, in each case, own account for investment only and not with a view
towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted under
the Securities Act; provided, however, that by making the representations herein, such Investor reserves the right to dispose of the Securities
at any time in accordance with or pursuant to an effective registration statement covering such Securities, or an available exemption
under the Securities Act. The Investor agrees not to sell, hypothecate or otherwise transfer the Securities unless such Securities are
registered under the federal and applicable state securities laws or unless, in the opinion of counsel satisfactory to the Company, an
exemption from such law is available.

 

(ii) 
Investor Status. At the time such Investor was offered the Securities, it was, and at the date hereof it is, an “accredited
investor” as defined in Rule 501(a) under the Securities Act or a “qualified institutional buyer” as defined in Rule
144A(a) under the Securities Act. Such Investor is not a registered broker dealer registered under Section 15(a) of the Exchange Act,
or a member of the Financial Industry Regulatory Authority, Inc. or an entity engaged in the business of being a broker dealer. Such Investor
is not affiliated with any broker dealer registered under Section 15(a) of the Exchange Act, or a member of the Financial Industry Regulatory
Authority, Inc. or an entity engaged in the business of being a broker dealer.

 

(iii) 
General Solicitation. Investor is not purchasing the Securities as a result of any advertisement, article, notice or other
communication regarding the Securities published in any newspaper, magazine or similar media, broadcast over television or radio, disseminated
over the Internet or presented at any seminar or any other general solicitation or general advertisement.

 

 

 

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(iv) 
Experience of Investor. Investor, either alone or together with its representatives has such knowledge, sophistication and
experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the
Securities, and has so evaluated the merits and risks of such investment. Such Investor understands that it must bear the economic risk
of this investment in the Securities indefinitely, and is able to bear such risk and is able to afford a complete loss of such investment.

 

(v) 
Access to Information. Investor acknowledges that it has been afforded: (i) the opportunity to ask such questions as it
has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering
of the Securities and the merits and risks of investing in the Securities; (ii) access to information about the Company and each Subsidiary
and their respective financial condition, results of operations, business, properties, management and prospects sufficient to enable it
to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire
without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment. Neither
such inquiries nor any other investigation conducted by or on behalf of such Investor or its representatives or counsel shall modify,
amend or affect such Investor’s right to rely on the truth, accuracy and completeness of the Company’s representations and
warranties contained in the Transaction Documents.

 

(vi) 
Due Execution of the Delivery. The Transaction Documents constitute a legal, valid and binding obligation of the Investor
and, when executed and enforced in accordance with their terms; no consent approval, authorization, order, filing, registration or qualification
of or with any court, governmental authority or third person is required to obtained by the Company in connection with the execution and
delivery of the Transaction Documents, or the performance of the Company’s obligations thereunder.

 

(vii) 
Familiarity. The Investor acknowledges that, by virtue of its existing relationship with members of the board of directors
of the Company, it possesses certain knowledge about and is familiar with the business, financial condition, and affairs of the Company,
and is making this investment, in part, in reliance upon such knowledge and familiarity .

 

		4.	OTHER AGREEMENTS OF THE PARTIES.

 

(a)           
Transfer Restrictions. The Securities may only be disposed of in compliance with state and federal securities laws. In connection
with any transfer of Securities other than pursuant to an effective registration statement, or Rule 144, the Company may require the transferor
thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form
and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration
of such transferred Securities under the Securities Act. As a condition of transfer, any such transferee shall agree in writing to be
bound by the terms of this Agreement and shall have the rights and obligations of a Investor under this Agreement.

 

(b)          
Legends. The Investor agree to the imprinting, so long as is required by this Section 4, of a legend on any of the
Securities in the following form:

 

[NEITHER] THIS SECURITY [NOR
THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE] HAS [NOT] BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”). THESE SECURITIES [AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY] MAY BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) IN COMPLIANCE WITH RULE 144 UNDER THE SECURITIES ACT, IF AVAILABLE, AND
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, (C) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, OR (D) IN A TRANSACTION THAT
DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS, PRIOR TO SUCH SALE,
FURNISHED TO THE COMPANY AN OPINION OF COUNSEL OR OTHER EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE COMPANY.

 

 

 

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The Company
acknowledges and agrees that the Investor may from time to time pledge pursuant to a bona fide margin agreement with a registered broker-dealer
or grant a security interest in some or all of the Securities to a financial institution that is an “accredited investor”
as defined in Rule 501(a) under the Securities Act and, if required under the terms of such arrangement, the Investor may transfer pledged
or secured Securities to the pledgees or secured parties. Such a pledge or transfer would not be subject to approval of the Company and
no legal opinion of legal counsel of the pledgee, secured party or pledgor shall be required in connection therewith. Further, no notice
shall be required of such pledge. At the Investor’s expense, the Company will execute and deliver such reasonable documentation
as a pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer of the Securities, including,
if the Securities are subject to registration pursuant to the Transaction Documents, the preparation and filing of any required prospectus
supplement under Rule 424(b)(3) under the Securities Act or other applicable provision of the Securities Act to appropriately amend the
list of selling shareholders of a registration statement thereunder.

 

		5.	CONDITIONS TO THE COMPANY’S OBLIGATION TO SELL.

 

(a)           
The obligations of the Company hereunder to issue and sell the Securities to the Investor at the Closing is subject to the satisfaction,
at or before the Closing Date, of each of the following conditions, provided that these conditions are for the sole benefit and may be
waived by the Company at any time in its sole discretion by providing the Investor with prior written notice thereof:

 

(i) 
The Investor shall have executed each of the Transaction Documents to which it is a party and delivered the same to the Company.

 

(ii) 
The Investor shall have delivered to the Company the Investment Amount for the Note being purchased by the Investor, within five
(5) days after signing this Agreement.

 

(iii) 
The representations and warranties of the Investor are true and accurate in all material respects (or, to the extent representations
or warranties are qualified by materiality or Material Adverse Effect, in all respects) when made and on the Closing Date in (unless as
of a specific date therein in which case they shall be accurate as of such date).

 

		6.	CONDITIONS TO THE INVESTOR’S OBLIGATION TO PURCHASE.

 

(a)           
The obligations of the Investor hereunder to purchase the Securities at the Closing is subject to the satisfaction, at or before
the Closing Date, of each of the following conditions, provided that these conditions are for the sole benefit and may be waived by the
Investor at any time in its sole discretion by providing the Investor with prior written notice thereof:

 

(i) 
The Company shall have executed each of the Transaction Documents to which it is a party and delivered the same to the Company.

 

(ii) The Company
shall have the obligation to deliver to the Investor the: (A) Prepaid Interest Shares; (B) Origination Fee Shares (which shall be issued
pursuant to and in compliance with the provisions of Section 1(e) above); (C) Note; and (D) Warrants.

 

(iii) 
The Company shall have issued irrevocable instructions to its transfer agent, and any subsequent transfer agent, to issue certificates
or credit shares to the applicable balance accounts of such transfer agent, registered in the name of the Investor or its respective nominee(s),
for the Conversion Shares in such amounts as specified from time to time by the Investor substantially in the form of Exhibit C
attached hereto (the “Irrevocable Transfer Agent Instructions”), an executed copy of which shall be delivered to the
Investor.

 

(iv) 
The representations and warranties of the Company are true and accurate in all material respects (or, to the extent representations
or warranties are qualified by materiality or Material Adverse Effect, in all respects) when made and on the Closing Date in (unless as
of a specific date therein in which case they shall be accurate as of such date).

 

 

 

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(iv) There shall
have been no Material Adverse Effect with respect to the Company since the date hereof.

 

(v) 
From the date hereof to the Closing Date, trading in the Common Stock shall not have been suspended by the Commission or any Trading
Market and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg L.P. shall not have been suspended
or limited, or minimum prices shall not have been established on securities whose trades are reported by such service, or on any Trading
Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities nor shall there have
occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude in its effect
on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of such Investor, makes it
impracticable or inadvisable to purchase the Securities at the Closing. “Trading Market” means any of the following
markets or exchanges on which the Ordinary Shares and/or ADSs are listed or quoted for trading on the date in question: the NYSE American,
the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange, OTCQB or OTCQX (or
any successors to any of the foregoing).

 

(b)           
In addition to the foregoing matters described in Section 6(a) above, on the Effective Date, Investor shall have the sole
authority and right to appoint an individual of its election to serve on the Board of Directors of the Company or its successor entity
during: (i) the pendency of this Agreement and (ii) of any amounts remaining outstanding and unpaid under the Note. Such Board Member
must be reasonably qualified to carry out the duties of this position and shall pass normative corporate due diligence. Such person may
be removed and replaced within the discretion of the Investor, or may be replaced at an annual shareholder meeting vote, or upon the
issuance of a final, non-appealable order of a court of competent jurisdiction. However, such Board Member must possess and adhere to
normative SEC qualifications for such position and failure to maintain acceptable status per SEC and/or FINRA regulations shall immediately
disqualify such Board Member. Upon the removal of the person serving on the Company’s Board, Investor shall have the right to appoint
a replacement Director. The Company shall cause its Board to execute a binding voting agreement regarding the Investor Board Seat. Such
Voting Agreement shall be duly authorized by the Board of Directors (evidenced by a formal Board resolution) and ratified by a requisite
vote of the shareholders (evidenced by a formal Shareholder resolution). At the end of the term of this Note, Investor’s right
to the Investor Board Seat shall be extinguished. In furtherance of the foregoing, the Company agrees that John “JT” Thatch
(“Thatch”) shall be named to serve as a Director on the Company’s Board, effective as of the Closing Date. Upon
the removal or inability to serve in such position by Thatch, the Investor shall have the right to appoint a replacement Director, which
appointment shall be subject the requirements and qualifications as set out in this Section 6(b).

 

		7.	MISCELLANEOUS.

 

(a)           
Fees and Expenses. Except as expressly set forth in the Transaction Documents 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.

 

(b)          
Entire Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding
of the parties with respect to the subject matter hereof 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. At or after the Closing,
and without further consideration, the Company will execute and deliver to the Investors such further documents as may be reasonably requested
in order to give practical effect to the intention of the parties under the Transaction Documents.

 

(c)           
Notices. Any notice, consents, waivers or other communication required or permitted to be given hereunder shall be in writing
and will be deemed to have been delivered: (i) upon receipt, when personally delivered; (ii) upon receipt when sent by certified mail,
return receipt requested, postage prepaid; (iii) when sent, if by e-mail, (provided that such sent e-mail is kept on file (whether electronically
or otherwise) by the sending party and the sending party does not receive an automatically generated message from the recipient’s
e-mail server that such e-mail could not be delivered to such recipient); or (iv) one (1) business day after deposit with a nationally
recognized overnight courier service with next day delivery specified, in each case, properly addressed to the party to receive the same.
The addresses and email addresses for such communications shall be:

 

 

 

    	 	8	 

     

    

 

	 	If to the Company, to:	Globe Net Wireless Corporation
	 	 	Attn: Charles Arnold, CEO
	 	 	10370 USA Today Way
	 	 	Miramar,
Florida 33025
	 	 	 
	 	With a Copy to:	David E. Price, Esq.
	 	 	#3 Bethesda Metro Center #700
	 	 	Bethesda, Maryland 20814
	 	 	 
	 	If to the Investor, to:	Sharing Services Global Corporation
	 	 	Attn: John Thatch , CEO
	 	 	1700 Coit Rd, Suite 100
	 	 	Plano, Texas 75075
	 	 	 
	 	With a Copy to:	R. Steven Jones, Esq.
	 	 	Jones, Davis & Jackson, PC
	 	 	15110 Dallas Parkway,
#300
	 	 	Dallas, Texas 75248

 

 

(d)           
Waivers. Either hereto may by written notice to the other: (i) extend the time for the performance of any of the obligations
or other actions of the other party under this Agreement; (ii) waive compliance with any of the conditions or covenants of the other party
contained in this Agreement; and (iii) waive or modify performance of any of the obligations of the other party under this Agreement.
Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including, without any limitations, any investigation
by or on behalf of either party, shall be deemed to constitute a wavier by the party taking such action of compliance with any representations,
warranties, covenants or agreements contained herein. The wavier by the either party hereof of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by either party to exercise any right
or privilege hereunder shall be deemed a waiver of such party’s rights or privileges hereunder or shall be deemed a waiver of such
party’s rights to exerciser the same at any subsequent time or times hereunder.

 

(e)           
Conflicts of Interest. The Company and the Investor, for themselves and on behalf of their affiliates, successors and assigns,
expressly waive any conflicts of interest or potential conflicts of interest and agree that the each of the Company and the Investor,
and its affiliates, respectively, shall have no liability to the other party or their affiliates, successors and assigns with respect
to such conflicts of interest or potential conflicts of interest.

 

(f)           
Construction. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be
deemed to limit or affect any of the provisions hereof. 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.

 

(g)           
Assignability. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof
shall be assignable by either the Company or Investor without the prior written consent of the other parties hereto, which may not be
unreasonably withheld provided that such Assignment is to an Affiliate.

 

(h)           
Amendments. Neither this Agreement nor any term or provision hereof may be amended, modified, waived or supplemented orally,
but only by a written consent executed by the parties hereto.

 

 

 

    	 	9	 

     

    

 

(i)            
Publicity. The Company and the Investor shall have the right to review a reasonable period of time before issuance of any
press releases, SEC, Trading Market or FINRA filings, or any other public statements with respect to the transactions contemplated hereby;
provided, however, that each of the Company and Investor shall be entitled, without the prior approval of the other party, to make any
press release or SEC, Trading Market or FINRA filings with respect to such transactions as is required by applicable law and regulations
(although the other party shall be consulted by the disclosing party in connection with any such press release prior to its release and
shall be provided with a copy thereof and be given an opportunity to comment thereon).

 

(j)            
Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Texas without
regard to the principles of conflict of laws. The parties further agree that any action between them shall be heard exclusively in federal
or state court sitting in the Collin County, Texas.

 

(k)           
Severability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity
or enforceability of any provision of this Agreement in any other jurisdiction.

 

(l)            
Survival. Unless this Agreement is terminated under Section 7(n), the representations and warranties of the Company
and the Investor contained in Sections 3 and 4, the agreements and covenants set forth in Sections 5 and 7
shall survive the Closing for a period of twelve (12) months following the later of the date on which: (x) the Note is repaid in full
or converted into Note Conversion Shares in their entirety as provided in the Transaction Documents or (y) the Warrants are exercised
in full; provided, however, that such representations and warranties shall in no way be affected by any investigation or knowledge of
the subject matter thereof made by or on behalf of the Investor or the Company.

 

(m)          
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.

 

(n)          
Termination. In the event that the Closing shall not have occurred on or before October 15, 2021 due to the Company’s
or the Investor’s failure to satisfy the conditions set forth in Sections 5 and 6 above (and the non-breaching party’s
failure to waive such unsatisfied condition(s)), the non-breaching party shall have the option to terminate this Agreement with respect
to such breaching party by providing ten (10) days’ written notice to such breaching party of the non-breaching party’s intent
to terminate this Agreement (and if the non-breaching party is the Buyer, to also withdraw its subscription) at the close of business
on such date without liability of any party to any other party.

 

(o)           
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.

 

(p)           
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of
damages, the Investor and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages
may not be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and
hereby agree to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

 

[Signature Page Follows]

 

 

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, the Investor and
the Company have caused this Securities Purchase Agreement to be duly executed as of the date first written above.

 

 

 

	 	
    COMPANY:

     

    GLOBE NET WIRELESS CORP., a Nevada corporation

	 	 
	 	By:	/s/ Charles Arnold
	 	Name:	Charles Arnold
	 	Title:	Chief Executive Officer

 

 

 

 

 

 

	 	
    

    STEMTECH CORPORATION, a Delaware corporation

	 	 
	 	By:	/s/
    Charles Arnold
	 	Name:	Charles Arnold
	 	Title:	Chief Executive Officer

 

 

 

 

 

 

	 	INVESTOR:
	 	 
	 	
    SHARING SERVICES GLOBAL CORPORATION, a Nevada corporation

	 	 
	 	By:	/s/ John
    “JT” Thatch
	 	Name:	John
    “JT” Thatch
	 	Title:	President & Chief Executive Officer

  

 

 

 

    	 	11	 

     

    

 

EXHIBIT A

 

Convertible Promissory
Note

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	12	 

     

    

 

EXHIBIT B

 

Warrant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	13	 

     

    

 

EXHIBIT C

 

Irrevocable Transfer Agent
Instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	14	 

     

    

 

 

SCHEDULE 1

 

 

 

 

 

		A.	Schedule of Convertible Promissory Notes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	15	 

     

    

 

		B.	Schedule Of Variable Rate Indebtedness.

 

 

	Lender	Loan Amount	Security/Collateral	Maturity Date
	
    

    MCUS, LLC
	
    

    $568,182.00

    ($500k Principal with $68,182.00
    OID)
	
    -$568,182.00 Convertible Promissory Note,

     

    -Registration Rights Agreement,

     

    -Warrant of up to 500k shares
    of Common Stock with an exercise price equal to $3.00, and

     

    -Security Agreement.
	
    

    

    9 months after execution –

    April 30, 2022

	
    

    

    LEONITE FUND I, LP
	
    

    

    

    $455,555.56

    ($410k Principal with $45,555.56
    OID)
	
    -$455,555.56 Convertible Promissory Note,

     

    -200M authorized shares of Common Stock,

     

    -540k issued and outstanding shares of Common Stock,

     

    -Warrant of up to 500k shares of Common Stock with an
    exercise price equal to $3.00 (3 years life), and Security Agreement.
	
    

    9 months after the date of each tranche of funds released
    to borrower

 

 

		C.	Schedule Of IRS Liens.

 

 

	
    

    IRS Jacksonville

    Serial Number 354756619
	
    

    Stemtech HealthSciences Corp.
	$47,666.19 covering certain periods in 2014, 2017 and 2018	
    

    Filed 5.18.2019

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	16Exhibit 10.3

 

GLOBE NET WIRELESS
CORP.

COMMON STOCK WARRANT

 

 

 

 

 

 

 

 

 

NEITHER THIS SECURITY NOR THE
SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

	Warrant Shares: 1,400,000	Issue
Date: September 13, 2021
	 	 
	 	 Initial Exercise Date: [TBD]

 

 

 

THIS COMMON
STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Sharing Services Global Corporation, or
its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time on or after the date set forth herein (the “Initial Exercise Date”) and on or prior
to 5:00 p.m. (New York City time) on September 13, 2024 (the “Expiration Date”) but not thereafter, to subscribe for
and purchase from Globe Net Wireless Corp., a Nevada corporation (the “Company”), up to 1,400,000 shares (as subject
to adjustment hereunder, the “Warrant Shares”) of the Company’s Common Stock (the “Common Stock”).
The purchase price of one share of Common Stock under this Warrant shall be equal to the volume weighted average price (VWAP) of the
previous ten (10) days closing price of the Common Stock immediately preceding the Initial Exercise Date as quoted by Bloomberg, LP or
such other quotation service. (the “Exercise Price”). Subject to the terms and conditions of this Agreement, at the
Closing (as defined herein) the Company hereby agrees to pay to the Investor an origination fee in Common Stock equal to the sum of Five
Hundred Thousand Dollars ($500,000) (the “Origination Fee”) at a price equal to the VWAP (Volume Weighted Average
Price) of the first thirty (30) days of the Company’s Common Stock based on the timeframe of August 20, 2021 through September
19, 2021. The VWAP shall be calculated on the price of the Common Stock of the Company as quoted by Bloomberg, LP or such other quotation
service, and such shares of the Company’s Common Stock issued upon payment of the Origination Fee are referred to herein as the
“Origination Fee Shares.” The Note, the Warrant, the Note Shares, the Warrant Shares, and Origination Fee Shares are
sometimes collectively referred to herein as the “Securities.” On the Closing Date, Company shall delivery to the
Investor the Origination Fee Shares to be issued at closing. Immediately after the expiration of September 19, 2021 (but in any event
no later than 3:00 p.m., New York City time, on September 23, 2021), the Company shall deliver to the Investor, the Origination Fee Shares.

 

 

 

    	 	1	 

     

    

 

	1.	METHOD OF EXERCISE; PAYMENT.

 

1.1          
Cash Exercise. The purchase rights represented by this Warrant may be exercised by the Holder, in whole or in part,
by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit “A” duly executed)
at the principal office of the Company, and by the payment to the Company, by wire, certified, cashier’s or other check acceptable
to the Company or by wire transfer to an account designated by the Company, of an amount equal to the aggregate Exercise Price of the
Warrant Shares being purchased.

 

1.2          
Stock Certificates. In the event of any exercise of the rights represented by this Warrant, certificates for the Warrant
Shares so purchased shall be delivered to the Holder by the Company’s transfer agent within a reasonable time and, unless this Warrant
has been fully exercised or has expired, a new Warrant representing the Warrant Shares with respect to which this Warrant shall not have
been exercised shall also be issued to the Holder within such time.

 

	2.	STOCK FULLY PAID; RESERVATION OF SHARES.

 

2.1          
Fully Paid And Nonassessable Nature. All of the Warrant Shares issuable upon the exercise of the rights represented
by this Warrant will, upon issuance and receipt of the Exercise Price, therefore, be fully paid and nonassessable, and such Warrant Shares
shall be free from all taxes, liens and charges with respect to the issuance thereof.

 

2.2          
Reservation Of Shares. Except as may be provided for in or in accordance with the Securities Purchase Agreement (as
defined below), at the Closing (as defined in the Securities Purchase Agreement), the Company shall have reserved adequate authorized
unissued shares of Common Stock, including treasury shares of Common Stock (“Initial Reserve Amount”), solely for the
purpose of effecting the exercise of this Warrant or other convertible securities issued to the Holder pursuant to the Securities Purchase
Agreement. After the increase in Company’s authorized but unissued shares of Stock pursuant to and in accordance with the Purchase
Agreement (“Authorized Share Increase”), the Company shall at all times thereafter have authorized and reserved for
issuance sufficient shares of its Common Stock, to provide for the exercise of the rights represented by this Warrant (the “Subsequent
Reserve Amount”).

 

2.3          
Insufficient Authorized Shares. Except as provided for in the Securities Purchase Agreement (defined in Section
17 below), if at any time after an Authorized Share Increase and while the rights represented by this Warrant may be exercised, the
Company does not have a sufficient number of authorized and unreserved shares of Common Stock to satisfy its obligation to reserve the
Subsequent Reserve Amount (an “Authorized Share Failure”), then the Company shall take all action necessary to effect
an Authorized Share Increase pursuant to and in accordance with the Securities Purchase Agreement.

 

	3.	ADJUSTMENTS.

 

3.1          
The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price therefor shall be subject
to adjustment from time to time upon the occurrence of certain events, as set out in Sections 3.2 and 3.3, below.

 

3.2           Reclassification.

 

3.2.1       
In the case of any: (i) reclassification or change of securities of the class issuable upon exercise of this Warrant (other
than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination);
or (ii) any merger of the Company with or into another corporation (other than a merger with another corporation in which the Company
is the acquiring and the surviving corporation and which does not result in any reclassification or change of outstanding securities issuable
upon exercise of this Warrant); or (iii) any sale of all or substantially all of the assets of the Company, the Company, or such successor
or purchasing corporation, as the case may be, shall duly execute and deliver to the holder of this Warrant a new Stock warrant (in form
and substance reasonably satisfactory to the holder of this Warrant).

 

3.2.2       
In addition to the foregoing, the Company shall make appropriate provision without the issuance of a new Stock warrant, so
that the holder of this Warrant shall have the right to receive, at a total purchase price not to exceed that payable upon the exercise
of the unexercised portion of this Warrant, and in lieu of the Warrant Shares of Common Stock theretofore issuable upon exercise of this
Warrant: (i) the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification, change,
merger or sale by a holder of the number of Warrant Shares of Common Stock then purchasable under this Warrant, or (ii) in the case of
such a merger or sale in which the consideration paid consists all or in part of assets other than securities of the successor or purchasing
corporation, at the option of the Holder of this Warrant, the securities of the successor or purchasing corporation having a value at
the time of the transaction equivalent to the fair market value of the Common Stock at the time of the transaction.

 

 

 

    	 	2	 

     

    

 

3.2.3       
The provisions of this Section 3.2 shall similarly apply to successive reclassifications, changes, mergers and transfers.

 

3.2.4 
     The provisions of this Section 3.2 shall not apply to any transaction with any related party or Affiliate (as defined
in Rule 405 of the Securities Act, “Affiliate”) of the Holder,

 

		3.3	Stock Splits, Dividends And Combinations.

 

3.3.1       
In the event that the Company shall at any time subdivide the outstanding shares of Common Stock or shall issue a stock dividend
on its outstanding shares of Common Stock, the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to such
subdivision or to the issuance of such stock dividend shall be proportionately increased, and the Exercise Price shall be proportionately
decreased.

 

3.3.2       
In the event that the Company shall at any time combine the outstanding shares of Common Stock the number of Warrant Shares
issuable upon exercise of this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price
shall be proportionately increased, effective at the close of business on the date of such subdivision, stock dividend or combination,
as the case may be.

 

	4.	NOTICE OF ADJUSTMENTS.

 

Whenever the number of Warrant Shares
purchasable hereunder or the Exercise Price thereof shall be adjusted pursuant to Section 3 hereof, the Company shall provide notice
to the Holder setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment, the method by which
such adjustment was calculated, and the number and class of shares which may be purchased thereafter and the Exercise Price therefor after
giving effect to such adjustment.

 

	5.	FRACTIONAL SHARES.

 

5.1          
No Requirement. The Company shall not be required to issue fractional shares of Common Stock on the exercise of Warrants.

 

5.2          
Aggregation Calculation. If more than one (1) Warrant shall be presented for exercise in full at the same time by the
same Holder, the number of full shares of Common Stock which shall be issuable upon such exercise shall be computed on the basis of the
aggregate number of shares of Common Stock acquirable on exercise of the Warrants so presented.

 

5.3          
Nearest Whole Value. If any fraction of a share of Common Stock would, except for the provisions of this Section
5, be issuable on the exercise of any Warrant (or specified portion thereof) then such fractional share shall be rounded up to the
nearest whole share.

 

	6.	REPRESENTATIONS OF THE COMPANY.

 

Subject to shareholder approval for
increasing the authorized Common Stock shares, the Company represents that all corporate actions on the part of the Company, its officers,
directors and shareholders necessary for the sale and issuance of the Warrant Shares pursuant hereto and the performance of the Company’s
obligations hereunder were taken prior to and are effective as of the Issue Date of this Warrant.

 

 

 

    	 	3	 

     

    

 

	7.	REPRESENTATIONS AND WARRANTIES BY THE HOLDER.

 

The Holder represents and warrants to the Company as follows:

 

(i)            
This Warrant and the Warrant Shares issuable upon exercise thereof are being acquired for Holder’s own account, for investment
and not with a view to, or for resale in connection with, any distribution or public offering thereof within the meaning of the Securities
Act of 1933, as amended (the “Act”). Upon exercise of this Warrant, the Holder shall, if so requested by the Company,
confirm in writing, in a form satisfactory to the Company, that the securities issuable upon exercise of this Warrant are being acquired
for investment and not with a view toward distribution or resale.

 

(ii)           
The Holder understands that the Warrant and the Warrant Shares have not been registered under the Act by reason of their issuance
in a transaction exempt from the registration and prospectus delivery requirements of the Act pursuant to Section 4(2) thereof,
and that they must be held by the Holder indefinitely, and that the Holder must therefore bear the economic risk of such investment indefinitely,
unless a subsequent disposition thereof is registered under the Act or is exempted from such registration.

 

(iii)         
The Holder has such knowledge and experience in financial and business matters that Holder is capable of evaluating the merits
and risks of an investment in the Warrant and the Warrant Shares purchasable pursuant to the terms of this Warrant and of protecting its
interests in connection therewith.

 

(iv)          
The Holder is able to bear the economic risk of the purchase of the Warrant Shares pursuant to the terms of this Warrant.

 

	8.	RESTRICTIVE LEGEND.

 

The Warrant Shares (unless registered
under the Act) shall be stamped or imprinted with a legend in substantially the following form:

 

THE SHARES REPRESENTED BY THIS
CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF, AND HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE
REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT.

 

	9.	RESTRICTIONS UPON TRANSFER AND REMOVAL OF LEGEND.

 

9.1          
Registration Condition. The Company need not register a transfer of this Warrant or Warrant Shares bearing the restrictive
legend set forth in Section 8 above, unless the conditions specified in such legend are satisfied. The Company may also instruct
its transfer agent not to register the transfer of the Warrant Shares, unless one of the conditions specified in the legend referred to
in Section 8 above is satisfied.

 

9.2          
Opinion Exemption. Notwithstanding the provisions of Section 9.1 above, no opinion of counsel shall be necessary
for a transfer without consideration by any holder: (i) if such holder is a partnership, a partner or a retired partner of such partnership
who retires after the date hereof or to the estate of any such partner or a retired partner, or (ii) if such holder is a corporation,
to a shareholder of such corporation, or to any other corporation under common control, direct or indirect, with such holder. Holder,
or any subsequent holder, shall immediately inform Company of any assignment, transfer, or other transfer of Warrant including the identification
of parties; details of consideration; and other agreements evidencing the Warrant transfer.

 

 

 

    	 	4	 

     

    

 

	10.	LIMITATIONS ON RIGHTS OF WARRANT HOLDERS.

 

10.1       
Limitation On Voting And Economic Rights. The Holder of this Warrant shall not be entitled as a Warrant holder,
to vote or receive dividends or be deemed the holder of any Warrant Shares or any other securities of the Company which may at any time
be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the holder of this
Warrant, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter
submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization,
issuance of stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice
of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Warrant Shares
purchasable upon the exercise hereof shall have become deliverable, as provided herein.

 

10.2       
No Liquidation Rights. The Holder of this Warrant will not be entitled to share in the assets of the Company in the
event of a liquidation, dissolution or the winding up of the Company.

 

10.3        
No Shorting Of The Common Stock. The Holder of this Warrant shall not undertake any action in furtherance of conduct
which constitutes, or has the consequence of, the shorting of the Common Stock of the Company.

 

	11.	NOTICES.

 

11.1       
Notice Method. All notices and other communications required or permitted hereunder shall be in writing, shall be effective
when given, and shall in any event be deemed to be given upon receipt or, if earlier:

 

(a)           
five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail,
postage prepaid;

 

 (b)            upon delivery, if delivered by hand;

 

(c)            
one (1) Business Day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid; or

 

(d)           
one (1) Business Day after the Business Day of facsimile transmission, if delivered by facsimile transmission with copy by first
class mail, postage prepaid, and shall be addressed: (i) if to the Holder, at the Holder’s address as set forth on the books of
the Company, and (ii) if to the Company, at the address of its principal corporate offices (Attention: Catherine J. McCain, General Counsel),
or at such other address as a party may designate by ten (10) days advance written notice to the other party pursuant to the provisions
above.

 

11.2       
Business Day Defined. The term “Business Day” shall mean any “Market Day” (which term,
Market Day, is defined as any day that the United States Public Stock Exchanges are open for trading).

 

	12.	REGISTRATION RIGHTS AGREEMENT.

 

For the term of this Warrant, the Holder shall have registration
rights related to the Warrant Shares as set out in Sections 12.1, 12.2, 12.3 and 12.4 below:

 

12.1       
Right To Piggyback. Whenever the Company proposes to register any of its securities (including any proposed registration
of the Company’s securities by any third party) under the Securities Act and the registration form to be used may be used for the
registration of any of the Warrant Shares, the Company shall give prompt written notice to the Holder of its intention to effect such
a registration and, subject to the terms of this Section 12, shall include in such registration all Warrant Shares with respect
to which the Company has received a written request, within ten (10) days after the receipt of the Company’s notice, for inclusion
therein (“Piggyback Registration”).

 

 

 

    	 	5	 

     

    

 

12.2        
Piggyback Expenses. The registration expenses of the Holder shall be paid by the Company in all Piggyback Registrations.

 

12.3       
Priority On Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of
the Company, and the managing underwriters advise the Company that in their opinion the number of securities requested to be included
in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability of the offering,
the Company shall include in such registration: (i) first, the securities the Company proposes to sell; (ii) second, the securities requested
to be included in such registration by the Holder, pro rata with all other common stockholders with Piggyback Registration rights on the
basis of the number of shares requested to be included therein by each such holder; and (iii) third, other securities requested to be
included in such registration pro rata among the holders thereof on the basis of the number of shares requested to be included therein.

 

12.4       
Priority On Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf
of holders of the Company’s securities and the managing underwriters advise the Company that, in their opinion, the number of securities
requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability
of the offering, the Company shall include in such registration: (i) first, the securities requested to be included therein by the holders
requesting such registration; (ii) second, the securities requested to be included in such registration by the Holder, pro rata with all
other common stockholders with Piggyback Registration rights on the basis of the number of shares requested to be included therein by
each such Holder; and (iii) third, other securities requested to be included in such registration pro rata among the holders thereof on
the basis of the number of shares requested to be included therein.

 

	13.	FULL RATCHET ANTI-DILUTION.

 

13.1         Dilutive
Issuance Prohibitions. If the Company or any subsidiary thereof, as applicable, at any time while this Warrant is outstanding
or the Holder holds any Conversion Shares, shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise
dispose of or issue (or announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock or Common Stock
Equivalents, at an effective price per share less than the Conversion Price then in effect (such lower price, the “Base Share
Price” and such issuances collectively, a “Dilutive Issuance”) (it being understood and agreed that if the
holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments,
reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which
are issued in connection with such issuance, be entitled to receive Common Stock at an effective price per share that is less than the
Conversion Price, such issuance shall be deemed to have occurred for less than the Conversion Price on such date of the Dilutive Issuance
at such effective price), then simultaneously with the consummation of each Dilutive Issuance the Conversion Price shall be reduced and
only reduced to equal the Base Share Price. Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents are
issued. The Company shall notify the Holder, in writing, no later than one (1) Business Day following the issuance or deemed issuance
of any Common Stock or Common Stock Equivalents subject to this Section 13, indicating therein the applicable issuance price,
or applicable reset price, exchange price, conversion price and other pricing terms (such notice, the “Dilutive Issuance Notice”).
For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 13, upon
the occurrence of any Dilutive Issuance, the Holder is entitled to receive a number of Conversion Shares based upon the Base Share Price
regardless of whether the Holder accurately refers to the Base Share Price in the Conversion Notice. If the Company enters into a Variable
Rate Transaction, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock
or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised.

 

13.2         Exception.
Notwithstanding the foregoing provisions of Section 13.1, the Company shall have the right to discharge any obligations or responsibilities
arising out of prior commitments and/or agreements entered into between Borrower and various employees of the Company pursuant to a Stock
Incentive Plan (e.g. ESOP, ISO and the like).

 

	14.	REPLACEMENT OF WARRANTS.

 

On receipt of evidence reasonably
satisfactory to the Company in its sole discretion of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss,
theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case
of mutilation, on surrender and cancellation of this Warrant, the Company at its expense shall execute and deliver, in lieu of this Warrant,
a new warrant of like tenor.

 

 

 

    	 	6	 

     

    

 

	15.	REPURCHASE ON SALE, MERGER, OR CONSOLIDATION OF THE COMPANY.

 

15.1       
Acquisition. For the purpose of this Warrant, “Acquisition" means: (a) any sale or other disposition
of all or substantially all of the assets (including intellectual property) of the Company, or (b) any reorganization, consolidation,
merger or sale of the voting securities of the Company or any other transaction where the holders of the Company’s securities before
the transaction beneficially own less than fifty percent (50%) of the outstanding voting securities of the surviving entity after the
transaction.

 

15.2        
Assumption Of Warrant. If upon the closing of any Acquisition the successor entity assumes the obligations of this Warrant,
then this Warrant shall be exercisable for the same securities, cash, and property as would be payable for the Shares issuable upon exercise
of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent closing.
The Warrant Price shall be adjusted accordingly so that the aggregate Warrant Price of all Shares is unchanged. The Company shall use
reasonable efforts to cause the surviving corporation to assume the obligations of this Warrant.

 

15.3        
Non-assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this
Warrant and Holder has not otherwise exercised this Warrant in full, then this Warrant shall be deemed to have been automatically converted
pursuant to Section 15.2 above and thereafter Holder shall participate in the Acquisition on the same terms as other holders of
the same class of securities of the Company.

 

	16.	GOVERNING LAW.

 

16.1       
This Warrant and all actions arising out of or in connection with this Agreement shall be governed by and construed in accordance
with the laws of the State of Nevada, without regard to the conflicts of law provisions of the State of Nevada or of any other state.

 

16.2       
In the event of any controversy among the parties hereto arising out of or relating to this Agreement, which cannot be settled
amicably by the parties, such controversy shall be settled by binding Arbitration. Both sides shall choose a mutually agreed upon competent
jurist from a short list and informal Arbitration shall commence as expeditiously as possible. Either party may institute such arbitration
proceeding by giving written notice to the other party. A hearing shall be held by the Arbitrator within Collin County, State of Texas,
and a decision of the matter submitted to the Arbitrator shall be biding and enforceable against all parties in any Court of competent
jurisdiction. The prevailing party shall be entitled to all costs and expenses with respect to such arbitration, including reasonable
attorneys’ fees. The decision of the Arbitrator shall be final, binding upon all parties hereto and enforceable in any Court of
competent jurisdiction. Each party hereto irrevocably waives any objection to the laying of venue of any such Arbitration action or proceeding
brought and irrevocably waives any claim that any such action brought has been brought in an inconvenient forum. Each of the parties
hereto waives any right to request a trial by jury in any litigation with respect to this agreement and represents that counsel has been
consulted specifically as to this waiver.

 

	17.	UNDERLYING AGREEMENT.

 

This Warrant is issued in furtherance of the terms of that
certain “Securities Purchase Agreement” executed by and between the Company and the Investor dated September 13, 2021.

 

This Warrant is effective as of the Issue Date.

 

 

 

 

    	 	7	 

     

    

 

	 	
    COMPANY:

     

    GLOBE NET WIRELESS CORP.,

    a Nevada corporation

	 	 
	 	By:	/s/ Charles Arnold
	 	Name:	Charles Arnold
	 	Title:	Chief Executive Officer

 

 

 

 

	 	HOLDER:
	 	 
	 	
    SHARING SERVICES GLOBAL CORPORATION,

    a Nevada corporation

	 	 
	 	By:	/s/ John Thatch
	 	Name:	John Thatch
	 	Title:	President & Chief Executive Officer

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT “A”

 

NOTICE OF EXERCISE

 

	To:	Globe Net Wireless Corp.
	 	2302-3 Pacific Plaza
	 	410 Des Voeux Road West
	 	Hong Kong, China
	 	Attention:
[TBD]

 

1.           
Warrants Being Exercised. I, the undersigned Warrant Holder, hereby elect to purchaseWarrant Shares of Globe
Net Wireless Corp. pursuant to the terms of the attached Warrant.

 

		2.	Exercise Requisite.

 

The undersigned shall exercise the attached
Warrant by means of a cash payment, and tenders herewith or by concurrent wire transfer payment in full for the purchase price of the
shares being purchased, together with all applicable transfer taxes, if any.

 

3.            
Stock Issuance. Please issue a certificate or certificates representing such Warrant Shares in the name of the undersigned
or in such other name as is specified below:

 

 

 

(Name)

 

 

 

 

 

(Address)

 

4.            
Representations And Warrants Of Warrant Holder. The undersigned hereby represents and warrants that the Warrant Shares
are being acquired for the account of the undersigned for investment and not with a view to, or for resale, in connection with the distribution
thereof, and that the undersigned has no present intention of distributing or reselling such shares and all representations and warranties
of the undersigned set forth in Section 7 of the attached Warrant are true and correct as of the date hereof.

 

 

	 	WARRANT HOLDER:
	 	 
	 	
    SHARING SERVICES GLOBAL CORPORATION, a Nevada
    corporation

	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	Date:	 

 

 

 

    	 	9

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