Document:

EXHIBIT 10.1

 

NEITHER THESE SECURITIES NOR THE SECURITIES
INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION 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.

 

THIS NOTE DOES NOT REQUIRE PHYSICAL SURRENDER
OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT, FOLLOWING ANY REDEMPTION OR CONVERSION OF ANY PORTION
OF THIS NOTE, THE OUTSTANDING PRINCIPAL AMOUNT REPRESENTED BY THIS NOTE MAY BE LESS THAN THE PRINCIPAL AMOUNT AND ACCRUED INTEREST
SET FORTH BELOW.

 

5% CONVERTIBLE PROMISSORY NOTE

 

OF

 

MOJO DATA SOLUTIONS, INC.

 

ISSUANCE DATE: JANUARY 31, 2014

 

TOTAL FACE VALUE OF NOTE: $80,000.00
(USD)

 

THIS PROMISSORY NOTE
is a duly authorized Convertible Promissory Note (the “Note”) of MOJO DATA SOLUTIONS, INC., a corporation
duly organized and existing under the laws of the Commonwealth of Puerto Rico (the “Company,” “MOJO”
or the “Maker”), designated as the Company’s 5% Convertible Promissory Note Due One (1) Year from the
Issuance Date (“Maturity Date”) in the original principal amount of EIGHTY THOUSAND U.S. DOLLARS AND NO
CENTS ($80,000.00) (the “Principal Amount”).

 

FOR VALUE RECEIVED,
the Company hereby promises to pay to the order of MOBILE DATA SYSTEMS, INC., a corporation duly organized and existing
under the laws of New York, or its registered assigns or successors-in-interest (the “Holder”) the Principal
Amount together with all accrued but unpaid interest thereon on the Maturity Date, to the extent such Principal Amount and accrued
interest has not been repaid or converted into shares of common stock, par value $0.001 per share (the “Common Stock”),
of the Company, subject to adjustment, in accordance with the terms hereof.

 

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Interest on the unpaid
Principal Amount shall accrue at the rate of Five Percent (5%) per annum, commencing on the date of issuance of this Note (the
“Issuance Date”) until the same becomes due and payable on the Maturity Date, or such earlier date upon
acceleration or by conversion in accordance with the terms hereof. Unless otherwise agreed or required by applicable law, payments
will be applied first to any unpaid collection costs, then to unpaid interest and fees and any remaining amount to principal.

 

This Note may be prepaid
without penalty or the written consent from Holder. Whenever any amount expressed to be due by the terms of this Note is due on
any day which is not a Business Day (as defined below), the same shall instead be due on the next succeeding day which is a Business
Day. Any amount prepaid shall first be applied to accrued and payable interest and then to the outstanding Principal Amount.

 

For purposes hereof the
following terms shall have the meanings ascribed to them below:

 

“Bankruptcy Event”
means any of the following events: (a) the Company commences a case or other proceeding under any bankruptcy, reorganization, arrangement,
adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the
Company thereof; (b) there is commenced against the Company any such case or proceeding that is not dismissed within 60 days after
commencement; (c) the Company is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case
or proceeding is entered; (d) the Company suffers any appointment of any custodian or the like for it or any substantial part of
its property that is not discharged or stayed within 60 days; (e) the Company makes a general assignment for the benefit of creditors;
(f) the Company fails to pay, or states that it is unable to pay or is unable to pay, its debts generally as they become due; (g)
the Company calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts;
or (h) the Company, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the
foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing.

 

“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State of New York
or the Commonwealth of Puerto Rico are authorized or required by law or executive order to remain closed.

 

“Change in Control
Transaction” will be deemed to exist upon (i) the sale of all, or substantially, all of the assets of the Corporation
or (ii) upon the termination of Joseph Spiteri as the Chairman of the Board of Directors, Chief Executive Officer and President
of the Company.

 

“Conversion
Price” shall mean $0.05, subject to adjustment pursuant to the terms and conditions hereto.

 

“Encumbrance”
means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option,
security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including
any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

 

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“Principal Amount”
shall refer to the sum of (i) the original principal amount of this Note and (ii) all accrued but unpaid interest hereunder.

 

“Underlying Shares”
means the shares of Common Stock into which the Note is convertible (including interest or principal payments in Common Stock as
set forth herein) in accordance with the terms hereof.

 

“USD” or “$”
shall mean United States Dollars.

 

The following terms and
conditions shall apply to this Note:

 

Article I. Conversion.

 

		(a)	Conversion Right

 

		(i)	Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall
have the right, at the Holder’s option, at any time and from time to time, to convert the outstanding Principal Amount under
this Note, in whole or in part, into a number of shares of Common Stock equal to the quotient as a result of dividing the Principal
Amount by the Conversion Price, by delivering to the Company, or directly to Company’s Transfer Agent, a fully executed notice
of conversion in the form of conversion notice attached hereto as Exhibit A (the “Conversion Notice”),
which may be transmitted by email.

 

		(ii)	The date of any Conversion Notice hereunder and any Payment Date shall be referred to herein as
the “Conversion Date.” If the Holder is converting less than all of the outstanding Principal Amount
hereunder pursuant to a Conversion Notice, the Company shall promptly deliver to the Holder (but no later than five Business Days
after the Conversion Date) a Note for such outstanding Principal Amount that has not been converted as if this Note has been surrendered
to the Company for partial conversion. The Holder and the Company shall maintain records showing the outstanding Principal Amount
so converted and repaid and the dates of such conversions or repayments or shall use such other method, reasonably satisfactory
to the Holder and the Company, so as not to require physical surrender of this Note upon each such conversion or repayment.

 

		(iii)	The Company will deliver to the Holder (or Holder’s authorized designee) not later than ten
(10) Business Days after the Conversion Date, a certificate or certificates which certificate(s) representing the number of shares
of Common Stock being acquired upon the conversion of this Note. If in the case of any conversion hereunder, such certificate or
certificates are not delivered to or as directed by the Holder by the fifth Business Day after the Conversion Date, the Holder
shall be entitled by notice to the Company at any time on or before its receipt of such certificate or certificates thereafter,
to rescind such conversion, in which event the Company shall immediately return this Note tendered for conversion.

 

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		(b)	Conversion Price Adjustments.

 

		(i)	Stock Dividends, Splits and Combinations. If the Company or any of its subsidiaries, at
any time while this Note is outstanding (A) shall pay a stock dividend or otherwise make a distribution or distributions on any
equity securities (including instruments or securities convertible into or exchangeable for such equity securities) in shares of
Common Stock, (B) subdivide outstanding Common Stock into a larger number of shares, or (C) combine outstanding Common Stock into
a smaller number of shares, then the Conversion Price shall be multiplied by a fraction, the numerator of which shall be the number
of shares of Common Stock outstanding before such event and the denominator of which shall be the number of shares of Common Stock
outstanding after such event. Any adjustment made pursuant to this paragraph shall become effective immediately after the record
date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately
after the effective date in the case of a subdivision or combination. Upon each adjustment of the Conversion Price pursuant to
the provision above, the number of shares of Common Stock issuable upon conversion of this Note shall be adjusted by multiplying
a number equal to the Conversion Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable
upon conversion of this Note immediately prior to such adjustment and dividing the product so obtained by the adjusted Conversion
Price.

 

		(ii)	Distributions. If the Company or any of its subsidiaries, at any time while the Note is
outstanding, shall distribute to all holders of Common Stock any indebtedness, assets, cash, rights or warrants to subscribe for
or purchase any security of the Company or any of its subsidiaries, then concurrently with such distributions to holders of Common
Stock, the Company shall distribute to the Holder the amount of such indebtedness, assets, cash or rights or warrants which the
Holder would have received had the Note been converted into Common Stock at the Conversion Price immediately prior to the record
date for such distribution.

 

		(iii)	Rounding of Adjustments. All calculations under this Note resulting in a fraction
of a share of Common Stock shall be rounded up to the nearest whole number.

 

		(c)	Notice of Certain Events. If:

 

		(i)	the Company shall declare a dividend (or any other distribution) on its Common Stock; or
	 	 	 
		(ii)	the Company shall declare a special nonrecurring cash dividend on or a redemption of its Common
Stock; or
	 	 	 
		(iii)	the Company shall authorize the granting to all holders of the Common Stock rights or warrants
to subscribe for or purchase any shares of capital stock of any class or of any rights; or

 

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		(iv)	the approval of any stockholders of the Company shall be required in connection with any reclassification
of the Common Stock of the Company, any consolidation or merger to which the Company is a party, any sale or transfer of all or
substantially all of the assets of the Company, of any compulsory share of exchange whereby the Common Stock is converted into
other securities, cash or property; or
	 	 	 
		(v)	the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up
of the affairs of the Company;

 

then the Company shall cause to be filed at
each office or agency maintained for the purpose of conversion of this Note, and shall cause to be mailed to the Holder at its
last address and email address as it shall appear upon the books of the Company, on or prior to the date notice to the Company’s
stockholders generally is given, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend,
distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on
which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close,
and the date as of which it is expected that holders of Common Stock of record shall be entitled to exchange their shares of Common
Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share
exchange.

 

		(d)	Reservation and Issuance of Underlying Securities. The Company covenants that it
will at all times reserve and keep available out of its authorized and unissued Common Stock solely for the purpose of issuance
upon conversion of this Note (including repayments in stock), free from preemptive rights or any other actual contingent purchase
rights of persons other than the Holder, a sufficient number of shares of Common Stock as shall be issuable (taking into account
the adjustments pursuant to this Note but without regard to any ownership limitations contained herein) upon the conversion of
this Note. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized,
validly issued, fully-paid, non-assessable shares of Common Stock of the Company, free and clear of any and all Encumbrances.

 

		(e)	Charges, Taxes and Expenses. Issuance of certificates for shares of Common Stock
upon the conversion of this Note (including repayment in stock) shall be made without charge to the Holder for any issue or transfer
tax or other incidental expense in respect of the issuance of such certificate, all of which taxes and expenses shall be paid by
the Company, and such certificates shall be issued in the name of the Holder or in such name or names as may be directed by the
Holder.

 

		(f)	Cancellation. After all of the Principal Amount (including accrued but unpaid interest
and default payments at any time owed on this Note) have been paid in full or converted into Common Stock, this Note shall automatically
be deemed canceled and the Holder shall promptly surrender the Note to the Company at the Company’s principal executive offices.

 

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Article II. Defaults and Remedies.

 

		(a)	Events of Default. An “Event of Default” is: (i) a default in
payment of any amount due hereunder which default continues for more than two (2) Business Days after the due date thereof; (ii)
a default in the timely issuance of Underlying Shares upon and in accordance with terms hereof, which default continues for five
Business Days after the Company has received notice informing the Company that it has failed to issue shares or deliver stock certificates
within the tenth day following the Conversion Date; (iii) any default after any cure period under, or acceleration prior to maturity
of, any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness
for money borrowed by the Company in excess of $50,000 or for money borrowed the repayment of which is guaranteed by the Company
in excess of $50,000, whether such indebtedness or guarantee now exists or shall be created hereafter; (iv) failure to have sufficient
number of authorized and unreserved, but unissued shares of the Company’s Common Stock available for any said conversion;
(v) a Bankruptcy Event or (vi) the consummation of a Change in Control Transaction

 

		(b)	Remedies. If an Event of Default occurs and is continuing with respect to the Note,
the Holder may declare all of the then outstanding Principal Amount of this Note due and immediately payable. In the event of such
acceleration, the amount due and owing to the Holder shall be 100% of the outstanding Principal Amount of the Note held by the
Holder plus all accrued and unpaid interest, fees, and liquidated damages, if any.

 

Article III. General.

 

		(a)	Payment of Expenses. The Company agrees to pay all reasonable charges and expenses
up not exceeding $2,000, including attorneys’ fees and expenses, which may be incurred by the Holder in successfully enforcing
this Note and/or collecting any amount due under this Note.

 

		(b)	Savings Clause. In case any provision of this Note is held by a court of competent
jurisdiction to be excessive in scope or otherwise invalid or unenforceable, such provision shall be adjusted rather than voided,
if possible, so that it is enforceable to the maximum extent possible, and the validity and enforceability of the remaining provisions
of this Note will not in any way be affected or impaired thereby. In no event shall the amount of interest paid hereunder exceed
the maximum rate of interest on the unpaid principal balance hereof allowable by applicable law. If any sum is collected in excess
of the applicable maximum rate, the excess collected shall be applied to reduce the principal debt. If the interest actually collected
hereunder is still in excess of the applicable maximum rate, the interest rate shall be reduced so as not to exceed the maximum
allowable under law.

 

		(c)	Amendment. Neither this Note nor any term hereof may be amended, waived, discharged
or terminated other than by a written instrument signed by the Company and the Holder.

 

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		(d)	Assignment, Etc. The Holder may assign or transfer this Note to any transferee only
with the prior written consent of the Company, which may not be unreasonably withheld or delayed, provided that (i) the Holder
may assign or transfer this Note to any of such Holder’s affiliates without the consent of the Company and (ii) upon any
Event of Default, the Holder may assign or transfer this Note without the consent of the Company. The Holder shall notify the Company
of any such assignment or transfer promptly. This Note shall be binding upon the Company and its successors and shall inure to
the benefit of the Holder and its successors and permitted assigns.

 

		(e)	No Waiver. No failure on the part of the Holder to exercise, and no delay in exercising
any right, remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Holder
of any right, remedy or power hereunder preclude any other or future exercise of any other right, remedy or power. Each and every
right, remedy or power hereby granted to the Holder or allowed it by law or other agreement shall be cumulative and not exclusive
of any other, and may be exercised by the Holder from time to time.

 

		(f)	Governing Law; Jurisdiction.

 

		(i)	Governing Law. THIS NOTE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE COMMONWEALTH OF PUETO RICO WITHOUT REGARD TO ANY CONFLICTS OF LAWS PROVISIONS THEREOF THAT WOULD OTHERWISE REQUIRE
THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.

 

		(ii)	Jurisdiction. Any dispute, controversy or claim arising out of or in any way relating
to this Note or the breach, termination or invalidity thereof, shall be settled in arbitration in accordance with the Arbitration
Rules as at present force of the American Arbitration Association (“AAA”) in Puerto Rico. AAA shall designate
an arbitrator from an approved list of arbitrators following both parties’ review and deletion of those arbitrators on the
approved list having a conflict of interest with either party. Each party shall pay its own expenses associated with such arbitration.
A demand for arbitration shall be made within a reasonable time after the claim, dispute or other matter has arisen and in no event
shall such demand be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other
matter in question would be barred by the applicable statutes of limitations. The decision of the arbitrators shall be rendered
within 60 days of submission of any claim or dispute, shall be in writing and mailed to all the parties included in the arbitration.
The decision of the arbitrator shall be binding upon the parties and judgment in accordance with that decision. The Company agrees
that the service of process upon it mailed by certified or registered mail (and service so made shall be deemed complete three
days after the same has been posted as aforesaid) or by personal service shall be deemed in every respect effective service of
process upon it in any such suit or proceeding. Nothing herein shall affect the Holder’s right to serve process in any other
manner permitted by law. The Company agrees that a final non-appealable judgment in any such suit or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on such judgment or in any other lawful manner.

 

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		(g)	NO JURY TRIAL. THE COMPANY HERETO KNOWINGLY AND VOLUNTARILY WAIVES ANY AND ALL RIGHTS
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE.

 

		(h)	Replacement Notes. This Note may be exchanged by the Holder at any time and from
time to time for a Note or Notes with different denominations representing an equal aggregate outstanding Principal Amount, as
reasonably requested by the Holder, upon surrendering the same. No service charge will be made for such registration or exchange.
In the event that Holder notifies the Company that this Note has been lost, stolen or destroyed, a replacement Note identical in
all respects to the original Note (except for registration number and Principal Amount, if different than that shown on the original
Note), shall be issued to the Holder, provided that the Holder executes and delivers to the Company an agreement reasonably satisfactory
to the Company to indemnify the Company from any loss incurred by it in connection with this Note. If such replacement occurs,
the term “Note” as used herein shall be deemed to refer to any such replacement Note.

 

		(i)	Notification: All notices, requests, consents, claims, demands, waivers and other
communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation
of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on
the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours
of the recipient, and on the next Business Day if sent after normal business hours of the recipient or (d) on the third day after
the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to
the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice):

 

	 	If to Company:	MOJO Data Solutions, Inc.
	 	 	2105 Plantation Village
	 	 	Dorado, Puerto Rico 00646
	 	 	 
	 	with a copy to:	
        The Magri Law Firm, PLLC

	 	 	2642 NE 9th Avenue
	 	 	Fort Lauderdale, FL 33334
	 	 	T: (646) 502-5900
	 	 	F: (646) 836-9200
	 	 	pmagri@magrilaw.com
	 	 	www.magrilaw.com
	 	 	Attention: Philip Magri, Esq.
	 	 	 
	 	If to Holder:	Mobile Data Systems, Inc.
	 	 	110 Lake Avenue South, Suite 35
	 	 	Nesconset, New York 11767

 

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		(j)	Liquidation. In the event of default, insolvency, dissolution, winding up or similar
event of the Company, this Note shall have priority in liquidation superior to all other unsecured indebtedness of the Company.

 

		(k)	Information Rights. The Holder shall be entitled so long as this Note remains outstanding and, if any portion
of this Note is converted into shares of Common Stock the Company, so long as Holder is a shareholder of the Company, to demand
and receive any information on the affairs of the Company as is available to the Company’s management, other shareholders
and Board of Directors including, without limitation, to receipt of quarterly and annual financial reports, reports verbal or written
addressed to the Board of Directors, the books and records of the Company (minute book, share register, etc.), notification of
material events.

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

[SIGNATURE PAGE TO FOLLOW]

 

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IN WITNESS WHEREOF, the Company has caused this Convertible
Promissory Note to be duly executed on the day and in the year first above written.

 

	 	MAKER:
	 	 	 
	 	MOJO DATA SOLUTIONS, INC.
	 	 	 
	 	By:	/s/ JOSEPH SPITERI
	 	 	 
	 	Name:	Joseph Spiteri
	 	 	 
	 	Title:	Chairman, Chief Executive Officer, President, Secretary and Treasurer 
	 	 	 
	 	Date:	January 31, 2014

 

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EXHIBIT
A

 

FORM OF CONVERSION NOTICE

 

DATE: ____________________________

 

FROM: ____________________________

 

	Re:	 	5% Convertible Promissory Note due January 31, 2015 (this “Note”) issued by MOJO Data Solutions, Inc. (the “Company”)
to Mobile Data Systems, Inc. (the “Holder”) on January 31, 2014

 

The undersigned on behalf of the Holder hereby
elects to convert $_______________________ of the aggregate outstanding Principal Amount (as defined in the Note) indicated below
of this Note into shares of Common Stock of the Company according to the conditions hereof, as of the date written below. If any
shares are to be issued in the name of a person other than undersigned, the undersigned will pay all transfer taxes payable with
respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance
therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any.

 

	Date of Conversion:	 
	 	 
	Principal Amount Converted:	 
	 	 
	Interest Amount Converted:	 
	 	 
	Conversion Price:	 
	 	 
	Number of Shares to be Issued:	 

 

Holder:

 

	 	 	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

    	5% $80,000 Convertible Promissory Note -- MOJO’s  Initials: __________	Page 11EXHIBIT
10.2

 

SUBSCRIPTION
AGREEMENT

 

MOJO
DATA SOLUTIONS, INC.

 

THIS
SUBSCRIPTION AGREEMENT (the “Agreement”), by and between MOJO DATA SOLUTIONS, INC., a Puerto Rico corporation
(the “Company”), and the undersigned person (the “Investor”) who is subscribing hereby for Units (the
“Units”) of the Company for $0.25 per Unit, each Unit consisting of one share of common stock, par value $0.001 per
share (the “Common Stock”), of the Company and one warrant to purchase one share of Common Stock of the Company for
$0.50 from the date of issuance until the fifth anniversary date of the date of issuance (the “Warrant,” and together
with the shares of Common Stock underlying the Unit and issuable upon the exercise of the Warrant, the “Securities”),
on the terms and conditions and in the manner described in this Agreement and as set forth in that certain Confidential Private
Placement Memorandum (the “Memorandum”) and the exhibits thereto (collectively, the “Offering Materials”).

 

WHEREAS,
the Investor desires to purchase the number of Units of the Company as set forth on the Signature Page to this Agreement on the
terms and conditions set forth in this Agreement and the Memorandum in a private placement of securities by the Company pursuant
to the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”),
available to the Company under Section 4(a)(2) (formerly Section 4(2)) and Rule 506(b) under Regulation D promulgated under the
Securities Act (the “Offering”);

 

WHEREAS,
the Investor acknowledges that he or she is required to enter into this Agreement and to complete the Confidential Prospective
Purchaser Questionnaire attached as Exhibit B to the Memorandum before the Company will consider accepting the Investor’s
investment in the Units of the Company;

 

WHEREAS,
the Investor understands that the Purchase Price will be placed in an Attorney Escrow Account prior to Closing pursuant to the
terms and conditions of the Memorandum and that certain Escrow Agreement attached as Exhibit C to the Memorandum;

 

WHEREAS,
the Investor understands that the subscription may not be withdrawn by the Investor once placed in escrow, and that the Company
may reject any subscription in whole or in part, at any time, for any reason or for no reason. In addition, the Investor understands
that the Company, in its sole discretion, may accept subscriptions for less than minimum investment stated in the Memorandum.
If the Company rejects any subscriptions, the Escrow Agent shall promptly return the deposited proceeds to the Investor without
interest thereon or deduction therefrom.

 

    	 

    	 

    

 

NOW,
THEREFORE, in consideration of the foregoing and of the covenants contained herein, the sufficiency of which is hereby mutually
accepted, the parties hereby agree as follows:

 

	A.	Subscription.

 

		1.	The
                                         Investor hereby subscribes for the number of Units in the Company as set forth on the
                                         Signature Page to this Agreement at a purchase price per Unit set forth on such Signature
                                         Page. The Investor tenders herewith the purchase price of the Units subscribed for as
                                         set forth on the Signature Page to this Subscription Agreement in the form of a check
                                         payable to the order of “Magri Law Firm Trust Account f/b/o MOJO” or a transfer
                                         wire to the Escrow Agent as set forth in the Wire Instructions attached as Exhibit
                                         E to the Memorandum.

 

		2.	The
                                         Company shall use the net proceeds of this Subscription as described in the Memorandum.

 

		3.	The
                                         Investor understands and hereby acknowledges that:

 

		a.	The
                                         Investor’s subscription for the Units may be accepted or rejected in whole or part
                                         by the Company in its sole and absolute discretion.

 

		b.	This
                                         subscription is and shall be irrevocable once delivered to the Company except that the
                                         Investor shall have no obligations hereunder in the event that this subscription is rejected
                                         or the Offering is terminated by the Company.

 

		c.	The
                                         Units and Securities have not been registered under the Securities Act and the Securities,
                                         when issued, will be deemed to be “restricted securities” under Rule 144
                                         promulgated under the Securities Act and will bear a customary Rule 144 legend. There
                                         is no obligation for the Company to register the Securities. The Securities may not be
                                         sold, transferred or assigned in the absence of an effective registration statement for
                                         such Securities under the Securities Act or an opinion of counsel, in form, substance
                                         and scope, is received by the Company, to its satisfaction, that registration is not
                                         required under the Securities Act or unless sold pursuant to Rule 144 promulgated under
                                         the Securities Act.

 

		d.	The
                                         Securities and Exchange Commission has not reviewed or passed upon the accuracy
                                         or adequacy of the Offering Materials. No state securities law administrator has passed
                                         on or endorsed the merits of the Offering or the accuracy or the adequacy of the Offering
                                         Materials. Any representation to the contrary is unlawful.

 

		e.	No
                                         minimum amount of Units need be sold by the Company. Upon acceptance of the subscription
                                         by the Company, the proceeds from the sale of the Units will be made immediately available
                                         to the Company and will be utilized by the Company as determined by its Board of Directors
                                         and subject to change.

 

		f.	It
                                         is intended that the Units will be made available only to “accredited investors,”
                                         as defined in Rule 501 of Regulation D promulgated under the Securities Act. The Units
                                         are being offered pursuant to an exemption from the registration requirements of the
                                         Securities Act and applicable state securities laws for non-public offerings. Such exemptions
                                         limit the number and types of investors to which the Offering will be made and restrict
                                         subsequent transfers of the interests.

 

		g.	The
                                         Offering Materials do not constitute an offer or solicitation by anyone in any jurisdiction
                                         in which such an offer or solicitation is not authorized. In addition, this Agreement
                                         constitutes an offer only if a name and identification number appear in the appropriate
                                         spaces provided on the cover page of the Agreement and constitutes an offer only to the
                                         person whose name appears thereon. Any reproduction or distribution of the Offering Materials
                                         in whole or in part, or the divulgence of any of their contents, without the prior written
                                         consent of the Company, is prohibited. Any person acting contrary to the foregoing restrictions
                                         may place himself and the Company in violation of federal or state securities laws.

 

    	 	 	 

	Exhibit A - Subscription Agreement	Page 2

    	 

    

 

		h.	In
                                         deciding whether to purchase Units, the Investor must conduct and rely on its own evaluation
                                         of the Company and the terms of the Offering, including the merits and risks involved
                                         in making an investment decision with respect to the Securities. Prospective investors
                                         should not construe the contents of the Offering Materials or any prior or subsequent
                                         communications from the Company, or any professional associated with the Offering, as
                                         legal or tax advice. The Investor should consult his/her own tax counsel, accountant
                                         or business advisor, respectively, as to legal, tax and related matters concerning its
                                         purchase of the Units.

 

		i.	The
                                         Company shall use the net proceeds of this Subscription for general working capital purposes.

 

		j.	Except
                                         as otherwise indicated, the Agreement speaks as of the date thereof. Neither the delivery
                                         of the Agreement nor any sale made hereunder shall, under any circumstances, create any
                                         implication that there has been no change in the affairs of the Company after the date
                                         hereof.

 

	B.	Closing.

 

		1.	The
                                         consummation of the Offering shall take place by email or facsimile or at place as determined
                                         by the Company and Investor (the “Closing”).

 

		2.	On
                                         the date of Closing (the “Closing Date”), the Investor shall deliver a check
                                         for the purchase price to the Company in readily available funds. Within three (3) business
                                         days after the Closing, the Company shall deliver a certificate evidencing the number
                                         of shares of Common Stock underlying the number of Units purchased and registered in
                                         the name of the Investor (or his or her designee, as approved by the Company) and a Warrant
                                         exercisable for the amount of shares of Common Stock equal to the number of Units purchased
                                         registered in the name of the Investor (or his or her designee, as approved by the Company).

 

	C.	Representations,
                                         Warranties and Covenants of Investor.

 

The
Investor hereby represents, warrants and covenants as to the following:

 

		1.	The
                                         Investor is an “accredited investor” as defined under Rule 501 of Regulation
                                         D promulgated under the Securities Act.

 

		2.	The
                                         Investor is acquiring the Units for his or her own account for investment purposes only,
                                         and not with a view to distribution or resale, and agrees not to sell, hypothecate or
                                         otherwise dispose of the Securities unless such Securities have been registered under
                                         the Securities Act and applicable state securities laws or, in the opinion of counsel
                                         for the Company, an exemption from the registration requirements of the Securities Act
                                         and such laws is available, and subject to the terms and conditions of the Offering Materials.

 

    	Exhibit A - Subscription Agreement	Page 3

    	 

    

 

		3.	The
                                         Investor has such knowledge and experience in financial and business matters that it
                                         is capable of evaluating the merits and risks of the purchase of the Units.

 

		4.	The
                                         Investor can bear the economic risks of his or her investment in the Units, including
                                         a complete loss of his or her investment.

 

		5.	The
                                         Investor’s overall commitment to investments which are not readily liquid is not
                                         disproportionate to his or her net worth and his or her acquisition of the Units will
                                         not cause such overall commitment to become excessive.

 

		6.	The
                                         Investor has adequate net worth and means of providing for his or her current needs and
                                         personal contingencies to sustain a complete loss of his or her investment in the Units
                                         and he or she has no need for liquidity in this investment in the Units.

 

		7.	The
                                         Investor has such knowledge and experience in financial matters that he or she is capable
                                         of evaluating the merits and risks of an investment in the Company.

 

		8.	The
                                         Investor understands and is aware of the Company’s business plan and strategy,
                                         and has carefully read the Offering Materials and any supplemental documents delivered
                                         to the Investor relating to the Company and/or Units. The Company has made available
                                         to the Investor and/or the Investor’s attorney and/or the Investor’s accountant
                                         all documents that he, she or they have requested relating to an investment in the Company
                                         and has provided answers to all of his, her or their questions concerning the Offering
                                         and an investment in the Company. In evaluating the suitability of an investment in the
                                         Company, the Investor has not relied upon any representations or other information (whether
                                         oral or written) other than as contained in the Offering Materials or any documents or
                                         answers to questions so furnished to him or her by the Company.

 

		9.	The
                                         Investor recognizes that an investment in the Company involves certain risks, and he
                                         or she is fully aware of, and understands all of, the risks related to the purchase of
                                         the Units.

 

		10.	The
                                         Investor has had the opportunity to discuss with his or her professional legal, tax and
                                         financial advisors the suitability of an investment in the Company for his or her particular
                                         tax and financial situation. All information that the Investor has provided to the Company
                                         concerning himself or herself and his or her financial position is correct and complete
                                         as of the date set forth below, and if there should be any material change in such information
                                         prior to the sale of the Units to the Investor, he or she will immediately provide advise
                                         the Company.

 

		11.	The
                                         Investor, if a corporation, partnership (general or limited), trust or other similar
                                         entity, has not been formed, organized, reorganized, expanded or altered for the specific
                                         purpose of acquiring the Units.

 

		12.	The
                                         Investor agrees to indemnify and hold harmless the Company and its officers, agents,
                                         representatives, employees and affiliates from any and all liability, loss or expense
                                         (including reasonable attorneys’ fees), whether arising under common law, securities
                                         laws or otherwise, if the Investor, alone or with others, breaches any of the representations
                                         or warranties contained in this Agreement.

 

    	Exhibit A - Subscription Agreement	Page 4

    	 

    

 

		13.	If
                                         this Agreement is executed and delivered on behalf of a partnership, corporation, trust
                                         or other entity, this Agreement has been duly authorized by all necessary actions of
                                         the Investor and is the valid, binding and enforceable obligation of the Investor (except
                                         as enforcement may be subject to the application of federal or state bankruptcy, insolvency,
                                         reorganization or moratorium laws or other laws affecting the rights of creditors generally),
                                         the undersigned has been duly authorized to execute and deliver this Agreement and all
                                         other instruments executed and delivered on behalf of such partnership, corporation,
                                         trust or other entity in connection with the purchase of the Units, the signature of
                                         the undersigned is binding upon such partnership, trust or other entity and the undersigned
                                         has delivered herewith the underlying partnership agreement, corporate charter documents
                                         or trust agreement of such entity and such other evidence of the ability of such partnership,
                                         corporation or trust to purchase the Units as may be requested by the Company.

 

		14.	The
                                         Investor agrees to be bound by the terms and conditions set forth in this Agreement,
                                         including, but not limited to, the transfer restrictions set forth herein.

 

		15.	The
                                         foregoing representations and warranties are true and accurate as of the date hereof
                                         and shall be true and accurate as of the Closing Date. If, in any respect, such representations
                                         and warranties shall not be true and accurate prior thereto, the Investor will give written
                                         notice of such fact to the Company, specifying which representations and warranties are
                                         not true and accurate and the reasons therefor.

 

	D.	Representations,
                                         Warranties and Covenants of the Company.

 

		1.	Organization
                                         of the Company. The Company is a corporation duly organized and validly existing
                                         with an “active” status under the laws of the Commonwealth of Puerto Rico.

 

		2.	Authorization
                                         of Transaction. The Company has full power and authority (including full corporate
                                         or other entity power and authority) to execute and deliver this Agreement and to perform
                                         its obligations hereunder. When executed by the proper officer of the Company, this Agreement
                                         will constitute the valid and legally binding obligation of the Company, enforceable
                                         in accordance with its terms and conditions. The execution, delivery and performance
                                         of this Agreement by the Company has been duly and effectively authorized and approved
                                         by its board of directors and all requisite corporate action has been taken.

 

		3.	Non-contravention.
                                         Neither the execution and delivery of this Agreement, nor the consummation of the transactions
                                         contemplated hereby, will (i) violate any constitution, statute, regulation, rule, injunction,
                                         judgment, order, decree, ruling, charge, or other restriction of any government, governmental
                                         agency, or court to which the Company is subject or any provision of the certificate
                                         of incorporation or bylaws of the Company, or (ii) conflict with, result in a breach
                                         of, constitute a default under, result in the acceleration of, create in any party the
                                         right to accelerate, terminate, modify, or cancel, or require any notice under any agreement,
                                         contract, lease, license, instrument, or other arrangement to which the Company is a
                                         party or by which it is bound or to which any of its respective assets is subject (or
                                         result in the imposition of any lien upon any of the assets), except where the violation,
                                         conflict, breach, default, acceleration, termination, modification, cancellation, failure
                                         to give notice, would not have a Material Adverse Effect and would not create a lien
                                         on the assets.

 

    	Exhibit A - Subscription Agreement	Page 5

    	 

    

 

		4.	Brokers’
                                         Fees. The Company does not have any liability or obligation to pay any fees or commissions
                                         to any broker, finder, or agent with respect to the transactions contemplated by this
                                         Agreement.

 

		5.	Litigation.
                                         The Company is not subject to any outstanding injunction, judgment, order, decree, ruling,
                                         or charge nor is it a party to any action, suit, proceeding, hearing, or investigation
                                         of, in, or before any court or quasi-judicial or administrative agency of any federal,
                                         state, local, or non-U.S. jurisdiction or before any arbitrator. To the knowledge of
                                         the Company, no such action, suit, proceeding, hearing, or investigation has been threatened
                                         against the Company.

 

		6.	Use
                                         of Proceeds. The Company shall use the net proceeds of this Subscription towards
                                         general working capital purposes.

 

		7.	Disclosure.
                                         The representations and warranties made by the Company in this Agreement do not contain
                                         any untrue statement of a material fact or omit to state any material fact necessary
                                         in order to make the statements and information contained therein not misleading.

 

	E.	Miscellaneous.

 

		1.	Expenses. All costs
and expenses incurred in connection with this Agreement and each other agreement, document and instrument contemplated by this
Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not
the Closing shall have occurred.

 

		2.	Attorneys’
                                                                                                                                                                                                                                                                          Fees. In the event that any party institutes any legal suit, action or proceeding,
                                                                                                                                                                                                                                                                          including arbitration, against the other party arising out of or relating to this Agreement,
                                                                                                                                                                                                                                                                          the prevailing party in the suit, action or proceeding shall be entitled to receive in
                                                                                                                                                                                                                                                                          addition to all other damages to which it may be entitled, the costs incurred by such
                                                                                                                                                                                                                                                                          party in conducting the suit, action or proceeding, including reasonable attorneys’
                                                                                                                                                                                                                                                                          fees and expenses and court costs.

 

		3.	Further
                                         Assurances. Each of the parties hereto shall execute and deliver such additional
                                         documents, instruments, conveyances and assurances and take such further actions as may
                                         be reasonably required to carry out the provisions hereof and give effect to the transactions
                                         contemplated hereby.

 

		4.	Public
                                         Announcements. Unless otherwise required by applicable law (based upon the reasonable
                                         advice of counsel), no party to this Agreement shall make any public announcements in
                                         respect of this Agreement or the transactions contemplated hereby without the prior written
                                         consent of the other party (which consent shall not be unreasonably withheld or delayed),
                                         and the parties shall cooperate as to the timing and contents of any such announcement.

 

		5.	Notices.
                                         All notices, requests, consents, claims, demands, waivers and other communications hereunder
                                         shall be in writing and shall be deemed to have been given (a) when delivered by hand
                                         (with written confirmation of receipt); (b) when received by the addressee if sent by
                                         a nationally recognized overnight courier (receipt requested); (c) on the date sent by
                                         facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during
                                         normal business hours of the recipient, and on the next business day if sent after normal
                                         business hours of the recipient; or (d) on the third day after the date mailed, by certified
                                         or registered mail, return receipt requested, postage prepaid. Such communications must
                                         be sent to the respective parties at the following addresses (or at such other address
                                         for a party as shall be specified in a notice given in accordance with this paragraph.

 

    	Exhibit A - Subscription Agreement	Page 6

    	 

    

 

	 	If
    to the Company:	 	MOJO
    Data Solutions, Inc. 	 
	 	 	 	2105
    Plantation Village	 
	 	 	 	Dorado,
    Puerto Rico 00646	 
	 	 	 	Attn:
    Joseph Spiteri, President and CEO 	 
	 	 	 	 	 
	 	with
    a copy to:	 	Philip
    Magri, Esq.	 
	 	 	 	The
    Magri Law Firm, PLLC	 
	 	 	 	2642
    NE 9th Avenue	 
	 	 	 	Fort
    Lauderdale, FL 33334	 
	 	 	 	T:
    (646) 502-5900	 
	 	 	 	F:
    (646) 836-9200	 
	 	 	 	pmagri@magrilaw.com	 
	 	 	 	www.magrilaw.com	 
	 	 	 	 	 
	 	If
    to Investor:	 	As
    reflected on the stock ledger of the Company.	 

 

		6.	Headings.
                                         The headings in this Agreement are for reference only and shall not affect the interpretation
                                         of this Agreement.

 

		7.	Severability.
                                         If any term or provision of this Agreement is invalid, illegal or unenforceable in any
                                         jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
                                         term or provision of this Agreement or invalidate or render unenforceable such term or
                                         provision in any other jurisdiction.

 

		8.	Entire
                                         Agreement. This Agreement, together with any other documents incorporated herein
                                         by reference and all related exhibits, constitutes the sole and entire agreement of the
                                         parties to this Agreement with respect to the subject matter contained herein and therein,
                                         and supersedes all prior and contemporaneous understandings, agreements, representations
                                         and warranties, both written and oral, with respect to such subject matter. In the event
                                         of any inconsistency between the statements in the body of this Agreement and the related
                                         exhibits, the statements in the body of this Agreement shall control.

 

		9.	Amendment
                                         and Modification. This Agreement may only be amended, modified or supplemented by
                                         an agreement in writing signed by each party hereto.

 

		10.	Waiver.
                                         No waiver by any party of any of the provisions hereof shall be effective unless explicitly
                                         set forth in writing and signed by the party so waiving. No waiver by any party shall
                                         operate or be construed as a waiver in respect of any failure, breach or default not
                                         expressly identified by such written waiver, whether of a similar or different character,
                                         and whether occurring before or after that waiver. No failure to exercise, or delay in
                                         exercising, any right, remedy, power or privilege arising from this Agreement shall operate
                                         or be construed as a waiver thereof; nor shall any single or partial exercise of any
                                         right, remedy, power or privilege hereunder preclude any other or further exercise thereof
                                         or the exercise of any other right, remedy, power or privilege.

 

    	Exhibit A - Subscription Agreement	Page 7

    	 

    

  

		11.	Cumulative
                                         Remedies. The rights and remedies under this Agreement are cumulative and are in
                                         addition to and not in substitution for any other rights and remedies available at law
                                         or in equity or otherwise.

 

		12.	Equitable
                                         Remedies. The parties agree that irreparable damage would occur if any provision
                                         of this Agreement were not performed in accordance with the terms hereof and that the
                                         parties shall be entitled to equitable relief, including injunctive relief or specific
                                         performance of the terms hereof, in addition to any other remedy to which they are entitled
                                         at law or in equity.

 

		13.	Assignment.
                                         Neither party may assign any of its rights obligations hereunder without the prior written
                                         consent of the other party. Any purported assignment in violation of this Section shall
                                         be null and void. No assignment shall relieve the assigning party of any of its obligations
                                         hereunder.

 

		14.	Successors
                                         and Assigns. This Agreement shall be binding upon and shall inure to the benefit
                                         of the parties hereto and their respective permitted successors and permitted assigns.

 

		15.	No
                                         Third-party Beneficiaries. This Agreement is for the sole benefit of the parties
                                         hereto and their respective successors and permitted assigns and nothing herein, express
                                         or implied, is intended to or shall confer upon any other person or entity any legal
                                         or equitable right, benefit or remedy of any nature whatsoever under or by reason of
                                         this Agreement.

 

		16.	Governing
                                         Law. All matters arising out of or relating to this Agreement shall be governed by
                                         and construed in accordance with the internal laws of the Commonwealth of Puerto Rico
                                         without giving effect to any choice or conflict of law provision or rule (whether of
                                         the Commonwealth of Puerto Rico or any other jurisdiction).

 

		17.	Waiver
                                         of Jury Trial. Each party acknowledges and agrees that any controversy which may
                                         arise under this Agreement is likely to involve complicated and difficult issues and,
                                         therefore, each such party irrevocably and unconditionally waives any right it may have
                                         to a trial by jury in respect of any legal action arising out of or relating to this
                                         Agreement or the transactions contemplated hereby thereby.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	Exhibit A - Subscription Agreement	Page 8

    	 

    

 

IN
WITNESS WHEREOF, the Investor has executed this Subscription Agreement as of the date written below.

 

	Issuer:	 	MOJO
    Data Solutions, Inc.	 
	 	 	 	 
	Purchase
    Price:	 	$0.25
    per Unit	 
	 	 	 	 
	Number of
    Units being Purchased by Investor:	 	 	 
	 	 	 	 
	Total
    Purchase Price (Number of Units multiplied by $0.25):	 	 	 

 

	INVESTOR:
    	 
	 	 
	 	 
	Name
    of Investor	 
	 	 
	 	 
	Signature
    of Investor	 
	 	 
	 	 
	Social
    Security Number (SSN)	 

 

	Date:	 	 

 

	 	 
	Name
    of Co-Investor, if applicable	 
	 	 
	 	 
	Signature
    of Co-Investor, if applicable 	 
	 	 
	 	 
	Social
    Security Number (SSN)	 

 

	Date:	 	 

 

    	Exhibit A - Subscription Agreement	Page 9

    	 

    

 

The
Units subscribed for hereby are being purchased as follows:

 

	(Check
    One)	 	 	 
	[  ]	individually	 	[  ]	partnership*
	[  ]	joint
    tenants	 	[  ]	limited
    liability company*
	[  ]	joint
    tenants with right of survivorship	 	[  ]	as
    custodian, trustee or agent for __________ corporation***
	[  ]	tenants
    in common	 	 	 

 

	Investor’s
    Name and	 	Co-Investor’s
    Name and Business
	Business Address
    (please print or type)	 	Address (please
    print or type):

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

	Investor’s
    Residence Address	 	Co-Investor’s
    Residence Address
	(please print
    or type):	 	(please print
    or type):

 

	 	 	 
	 	 	 
	 	 	 

 

*If
a partnership or limited liability company, please include a copy of partnership agreement or operating agreement and certificate
authorizing investment.

 

**If
a custodian, trustee or agent, please include trust, agency or other agreement and certificate authorizing investment.

 

***If
a corporation, please include articles of incorporation, certificate that investment was authorized, with corporate resolution
or other document authorizing investment attached, certificate of incumbency of officers and either (1) audited financial statements
or (2) financial statements certified by management for the preceding three fiscal years. Personal guaranties may be required
of closely-held corporations.

  

 

  

	 	The foregoing
Subscription is hereby accepted.
	 	 
	 	MOJO
    DATA SOLUTIONS, INC.
	 	 	 
	 	By:	 
	 	 	Joseph
Spiteri, Chief Executive Officer and President 
	 	 	 
	 	Date:	 

 

    	Exhibit A - Subscription Agreement	Page 10

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