Document:

WELLS FARGO &
COMPANY 8-K 

 

Exhibit 4.2

 

 

[Face
of Note]

 

Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

	CUSIP
NO. 95001BBG8	FACE AMOUNT: $_____________

REGISTERED
NO. __

 

 

WELLS
FARGO & COMPANY

 

MEDIUM-TERM
NOTE, SERIES S

 

Due
Nine Months or More From Date of Issue

 

Principal
at Risk Securities Linked to the Russell 2000® Index due December 27, 2023

 

WELLS
FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the
“Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the Maturity Payment
Amount (as defined below) on the Stated Maturity Date (as defined below), unless this Security is redeemed prior to the Stated
Maturity Date as provided below under “Optional Redemption,” and to pay Contingent Coupon Payments (as defined below)
on the Face Amount of this Security to the extent provided herein on the Contingent Coupon Payment Dates specified herein at the
Variable Coupon Rate (as defined below) until the earlier of the Stated Maturity Date and the Optional Redemption Date (as defined
below), if any. The “Initial Stated Maturity Date” shall be December 27, 2023. If the Final Observation
Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the “Stated Maturity Date.”
If the Final Observation Day is postponed, the “Stated Maturity Date” shall be the later of (i) the Initial
Stated Maturity Date and (ii) three Business Days (as defined below) after the Final Observation Day as postponed.

“Face
Amount” shall mean, when used with respect to this Security, the amount
set forth on the face of this Security as its “Face Amount.”

Optional
Redemption

The
Company may, at its option, redeem this Security, in whole but not in part, on any Optional Redemption Date by giving notice to
the Holder hereof on or before the Observation Period End-Date (as defined below) immediately preceding that Optional Redemption
Date. If this Security is redeemed, the Holder hereof will receive the Optional Redemption Price (as defined

    	 	 	 

    	 

    

below)
plus a final Contingent Coupon Payment, if any, on the applicable Optional Redemption Date. Unless the Company defaults in the
payment of the Optional Redemption Price plus the final Contingent Coupon Payment, if any, this Security will cease to be outstanding
on such Optional Redemption Date, no additional Contingent Coupon Payments will be payable on this Security and the Holder hereof
will have no further rights under this Security after such Optional Redemption Date. The “Optional Redemption Price”
is equal to the Face Amount of this Security. The “Optional Redemption Dates” shall be the Contingent Coupon
Payment Dates (as defined below) following each Observation Period End-Date scheduled to occur from December 2019 to November
2023, inclusive.

Payment
of Contingent Coupon Payments, the Maturity Payment Amount and the Optional Redemption Price

On
each monthly Contingent Coupon Payment Date, the Company shall pay a Contingent Coupon Payment, if any, at a per annum rate equal
to the Variable Coupon Rate applicable to the Observation Period (as defined below) immediately preceding such Contingent Coupon
Payment Date. A “Contingent Coupon Payment,” if payable as provided herein, shall be equal to the (i) product
of the Face Amount of this Security and the Variable Coupon Rate, divided by (ii) 12. The “Contingent Coupon Payment
Dates” shall be the third Business Day following each Observation Period End-Date, as each such Observation Period End-Date
may be postponed as herein provided, provided that the Contingent Coupon Payment Date with respect to the final Observation Period
will be the Stated Maturity Date. If a Contingent
Coupon Payment Date is postponed as the result of the occurrence of a non-Trading Day (as defined below) or a Market Disruption
Event on the immediately preceding scheduled Observation Period End-Date, the Contingent Coupon Payment, if any, due on that Contingent
Coupon Payment Date will be made on that Contingent Coupon Payment Date as so postponed with the same force and effect as if it
had been made on the originally scheduled Coupon Payment Date, with no additional interest accruing or payable as a result of
the postponement. Any Contingent Coupon Payments will be rounded to the nearest cent, with
one-half cent rounded upward.

Any
Contingent Coupon Payment so payable, and punctually paid or duly provided for, on any Contingent Coupon Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such Contingent Coupon Payment next preceding such Contingent Coupon Payment
Date. The Regular Record Date for a Contingent Coupon Payment Date shall be the date one Business Day prior to such Contingent
Coupon Payment Date. 

Any
Contingent Coupon Payment not punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or
be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided
in the Indenture.

    	 	2	 

    	 

    

Payment
of any Contingent Coupon Payment on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota; provided, however, that, at the option of the Company, payment
of any Contingent Coupon Payment may be paid by check mailed to the Person entitled thereto at such Person’s last address
as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person. Payments
of any Contingent Coupon Payment and the Maturity Payment Amount or the Optional Redemption Price, as applicable, on this Security
at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose
in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. Notwithstanding
the foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, any payments on this
Security will be made to the Depositary by wire transfer of immediately available funds. 

Payment
of the Maturity Payment Amount or the Optional Redemption Price, as applicable, and any Contingent Coupon Payments on this Security
will be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts.

Definitions
Relating to Maturity Payment Amount, the Optional Redemption Price and Contingent Coupon Payments

If
this Security is not redeemed prior to the Stated Maturity Date as provided above under “Optional Redemption,” the
“Maturity Payment Amount” of this Security will equal:

		•	if
                                         the Ending Level is greater than or equal to the Threshold Level: the Face Amount; or

 

		•	if
                                         the Ending Level is less than the Threshold Level: the Face Amount minus:

 

	 		Face Amount x	Threshold
     Level - Ending Level

     Starting Level	

 

All
calculations with respect to the Maturity Payment Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths
rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Maturity Payment Amount will be rounded to the nearest cent,
with one-half cent rounded upward.

“Index”
shall mean the Russell 2000 Index.

The
“Pricing Date” shall mean December 21, 2018.

The
“Starting Level” is 1292.086, the Closing Level of the Index on the Pricing Date.

The
“Ending Level” will be the Closing Level of the Index on the Final Observation Day.

The
“Threshold Level” is 1033.6688, which is equal to 80% of the Starting Level.

    	 	3	 

    	 

    

The
“Closing Level” of the Index on any Trading Day means the official closing level of the Index reported by the
Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the licensed third-party market
data vendor contracted by the Calculation Agent at such time; in particular, taking into account the decimal precision and/or
rounding convention employed by such licensed third-party market data vendor on such date, subject to the provisions set forth
below under “Market Disruption Events,” “Adjustments to the Index” and “Discontinuance of the Index.”

The
“Variable Coupon Rate” applicable to an Observation Period will be determined as follows:

	Maximum
    Coupon Rate  x	 	Number
        of Accrual Days During such Observation Period

        Number
        of Observation Days during such Observation Period

An
“Accrual Day” is an Observation Day on which the Closing Level of the Index is greater than or equal to the
Threshold Level.

The
“Maximum Coupon Rate” is 6.10% per annum.

An
“Observation Period” will consist of the Observation Days from but excluding a scheduled Observation Period
End-Date to and including the following scheduled Observation Period End-Date; provided that the first Observation Period
will consist of the Observation Days from but excluding the Pricing Date to and including the first scheduled Observation Period
End-Date. There are sixty monthly Observation Periods. An “Observation Day” is a day in an Observation Period
that is a Trading Day. Each Observation Day during an Observation Period is subject to postponement due to Market Disruption Events
as described under “Market Disruption Events” herein. For the avoidance of doubt, if a Market Disruption Event occurs
on or is continuing on or a non-Trading Day occurs on an Observation Day that is a scheduled Observation Period End-Date, that
Observation Period End-Date and the corresponding Contingent Coupon Payment Date will be postponed as described herein; however,
the subsequent Observation Period will commence on such originally scheduled Observation Period End-Date (that is, the postponement
of an Observation Period End-Date at the end one Observation Period due to the occurrence or continuation of a Market Disruption
Event or non-Trading Day will not change the commencement date of the succeeding Observation Period). In addition, if a Market
Disruption Event occurs and is continuing on successive Observation Days, and, as a result, more than one Observation Day is deemed
to occur on a single Trading Day, each such Observation Day as so postponed will be counted independently in determining the number
of Observation Days in the applicable Observation Period for purposes of calculating the Variable Coupon Rate.

The
“Observation Period End-Dates” shall be the 21st day of each month commencing January 2019 and ending
December 2023. The “Final Observation Day” is December 21, 2023. If any Observation Period End-Date is
not a Trading Day, such Observation Period End-Date will be postponed to the next succeeding Trading Day. An Observation Period
End-Date is also subject to postponement due to the occurrence of a Market Disruption Event as provided under “Market Disruption
Events.”

    	 	4	 

    	 

    

“Index
Sponsor” shall mean FTSE Russell.

“Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in New York, New York.

“Calculation
Agent Agreement” shall mean the Calculation Agent Agreement dated as of January 24, 2018 between the Company and the
Calculation Agent, as amended from time to time.

“Calculation
Agent” shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among
other things, whether a Contingent Coupon Payment will be made, the Optional Redemption Price, if any, and the Maturity Payment
Amount, if any, which term shall, unless the context otherwise requires, include its successors under such Calculation Agent Agreement.
The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may
appoint a different Calculation Agent from time to time after the initial issuance of this Security without the consent of the
Holder of this Security and without notifying the Holder of this Security.

Certain
Definitions 

A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Relevant Stock Exchanges
with respect to each security underlying the Index are scheduled to be open for trading for their respective regular trading sessions
and (ii) each Related Futures or Options Exchange is scheduled to be open for trading for its regular trading session.

The
“Relevant Stock Exchange” for any security underlying the Index means the primary exchange or quotation system
on which such security is traded, as determined by the Calculation Agent.

The
“Related Futures or Options Exchange” for the Index means an exchange or quotation system where trading has
a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
the Index.

Adjustments
to the Index

If
at any time the method of calculating the Index or a Successor Equity Index, or the closing level thereof, is changed in a material
respect, or if the Index or a Successor Equity Index is in any other way modified so that such index does not, in the opinion
of the Calculation Agent, fairly represent the level of such index had those changes or modifications not been made, then the
Calculation Agent will, at the close of business in New York, New York, on each date that the closing level of such index is to
be calculated, make such calculations and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary
in order to arrive at a level of an index comparable to the Index or Successor Equity Index as if those changes or modifications
had not been made, and the Calculation Agent will calculate the closing level of the Index or Successor Equity Index with reference
to such index, as so adjusted. Accordingly, if the method of calculating the Index or Successor Equity Index is modified so that
the level of such index is a fraction or a multiple of what it would have been if it had not been modified (e.g.,

    	 	5	 

    	 

    

due
to a split or reverse split in such equity index), then the Calculation Agent will adjust the Index or Successor Equity Index
in order to arrive at a level of such index as if it had not been modified (e.g., as if the split or reverse split had
not occurred).

Discontinuance
of the Index

If
the Index Sponsor discontinues publication of the Index, and the Index Sponsor or another entity publishes a successor or substitute
equity index that the Calculation Agent determines, in its sole discretion, to be comparable to the Index (a “Successor
Equity Index”), then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company,
the Calculation Agent will substitute the Successor Equity Index as calculated by the Index Sponsor or any other entity for purposes
of calculating the Closing Level of such Index on any date of determination. Upon any selection by the Calculation Agent of a
Successor Equity Index, the Company will cause notice to be given to the Holder of this Security.

In
the event that the Index Sponsor discontinues publication of the Index prior to the Final Observation Day, and the Calculation
Agent determines that no Successor Equity Index is available on any Observation Day, the Calculation Agent will calculate a substitute
Closing Level for the Index for each such Observation Day in accordance with the formula for and method of calculating the Index
last in effect prior to the discontinuance, but using only those securities that comprised the Index immediately prior to that
discontinuance. If a Successor Equity Index is selected or the Calculation Agent calculates a level as a substitute for the Index,
the Successor Equity Index or level will be used as a substitute for the Index for all purposes, including the purpose of determining
whether a Market Disruption Event exists.

If
on an Observation Day the Index Sponsor fails to calculate and announce the level of the Index, the Calculation Agent will calculate
a substitute Closing Level of the Index in accordance with the formula for and method of calculating the Index last in effect
prior to the failure, but using only those securities that comprised the Index immediately prior to that failure; provided
that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth above under “Market
Disruption Events” shall apply in lieu of the foregoing.

Market
Disruption Events 

A
“Market Disruption Event” means any of the following events as determined by the Calculation Agent in its sole
discretion:

		(A)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by the Relevant Stock Exchanges or otherwise relating to securities which then comprise
                                         20% or more of the level of the Index or any Successor Equity Index at any time during
                                         the one-hour period that ends at the Close of Trading on that day, whether by reason
                                         of movements in price exceeding limits permitted by those Relevant Stock Exchanges or
                                         otherwise.

 

		(B)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by any Related Futures or Options Exchange or otherwise in futures or options contracts
                                         relating to the Index or any Successor Equity Index on any

 

    	 	6	 

    	 

    

Related
Futures or Options Exchange at any time during the one-hour period that ends at the Close of Trading on that day, whether by reason
of movements in price exceeding limits permitted by the Related Futures or Options Exchange or otherwise.

 

		(C)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, securities that then comprise 20% or more of the level of the
                                         Index or any Successor Equity Index on their Relevant Stock Exchanges at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

 

		(D)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, futures or options contracts relating to the Index or any Successor
                                         Equity Index on any Related Futures or Options Exchange at any time during the one-hour
                                         period that ends at the Close of Trading on that day.

 

		(E)	The
                                         closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities
                                         that then comprise 20% or more of the level of the Index or any Successor Equity Index
                                         are traded or any Related Futures or Options Exchange prior to its Scheduled Closing
                                         Time unless the earlier closing time is announced by the Relevant Stock Exchange or Related
                                         Futures or Options Exchange, as applicable, at least one hour prior to the earlier of
                                         (1) the actual closing time for the regular trading session on such Relevant Stock Exchange
                                         or Related Futures or Options Exchange, as applicable, and (2) the submission deadline
                                         for orders to be entered into the Relevant Stock Exchange or Related Futures or Options
                                         Exchange, as applicable, system for execution at such actual closing time on that day.

 

		(F)	The
                                         Relevant Stock Exchange for any security underlying the Index or Successor Equity Index
                                         or any Related Futures or Options Exchange fails to open for trading during its regular
                                         trading session.

For
purposes of determining whether a Market Disruption Event has occurred:

 

		(1)	the
                                         relevant percentage contribution of a security to the level of the Index or any Successor
                                         Equity Index will be based on a comparison of (x) the portion of the level of such
                                         index attributable to that security and (y) the overall level of the Index or Successor
                                         Equity Index, in each case immediately before the occurrence of the Market Disruption
                                         Event;

 

		(2)	the
                                         “Close of Trading” on any Trading Day for the Index or any Successor
                                         Equity Index means the Scheduled Closing Time of the Relevant Stock Exchanges with respect
                                         to the securities underlying the Index or Successor Equity Index on such Trading Day;
                                         provided that, if the actual closing time of the regular trading session of

 

    	 	7	 

    	 

    

any
such Relevant Stock Exchange is earlier than its Scheduled Closing Time on such Trading Day, then (x) for purposes of clauses (A)
and (C) of the definition of “Market Disruption Event” above, with respect to any security underlying the Index or
Successor Equity Index for which such Relevant Stock Exchange is its Relevant Stock Exchange, the “Close of Trading”
means such actual closing time and (y) for purposes of clauses (B) and (D) of the definition of “Market Disruption
Event” above, with respect to any futures or options contract relating to the Index or Successor Equity Index, the “Close
of Trading” means the latest actual closing time of the regular trading session of any of the Relevant Stock Exchanges,
but in no event later than the Scheduled Closing Time of the Relevant Stock Exchanges;

 

		(3)	the
                                         “Scheduled Closing Time” of any Relevant Stock Exchange or Related
                                         Futures or Options Exchange on any Trading Day for the Index or any Successor Equity
                                         Index means the scheduled weekday closing time of such Relevant Stock Exchange or Related
                                         Futures or Options Exchange on such Trading Day, without regard to after hours or any
                                         other trading outside the regular trading session hours; and

 

		(4)	an
                                         “Exchange Business Day” means any Trading Day for the Index or any
                                         Successor Equity Index on which each Relevant Stock Exchange for the securities underlying
                                         the Index or any Successor Equity Index and each Related Futures or Options Exchange
                                         are open for trading during their respective regular trading sessions, notwithstanding
                                         any such Relevant Stock Exchange or Related Futures or Options Exchange closing prior
                                         to its Scheduled Closing Time.

If
a Market Disruption Event occurs or is continuing on any Observation Day, such Observation Day will be postponed to the first
succeeding Trading Day on which a Market Disruption Event has not occurred and is not continuing. If a Market Disruption Event
occurs on a single Observation Day or occurs and is continuing on more than one consecutive Observation Day, that single Observation
Day or the first such Observation Day is referred to herein as the “Original Disrupted Day,” and, in the case
of a Market Disruption Event occurring or continuing on more than one consecutive Observation Day, each succeeding Observation
Day is referred to herein as a “Succeeding Disrupted Day.”

		•	If
                                         a Market Disruption Event occurs or is continuing on fewer than eight consecutive Observation
                                         Days, then the first succeeding Trading Day on which a Market Disruption Event has not
                                         occurred or is not continuing will be deemed to be the Observation Day for (i) the
                                         Observation Day scheduled to occur on such first succeeding Trading Day, (ii) the
                                         Original Disrupted Day, and (iii) the Succeeding Disrupted Day(s), if any. As a
                                         result, if a Market Disruption Event occurs and is continuing on fewer than eight consecutive
                                         Observation Days, and, as a result, more than one Observation Day is deemed to occur
                                         on a single Trading Day, each such Observation Day as so postponed will be counted independently
                                         in determining the number of Observation Days in the applicable observation period for
                                         purposes of calculating the Variable Coupon Rate.

		•	If
                                         an originally scheduled Observation Day has been postponed eight Trading Days and a Market
                                         Disruption Event occurs or is continuing on such eighth Trading Day, then such eighth
                                         Trading Day will be deemed to be the Observation Day only for the originally

    	 	8	 

    	 

    

scheduled
Observation Day that has been postponed to such eighth Trading Day. In such circumstances, the Calculation Agent will determine
the Closing Level of the Index on such eighth Trading Day in accordance with the formula for and method of calculating the Closing
Level of the Index last in effect prior to commencement of the Market Disruption Event, using the closing price (or, with respect
to any relevant security, if a Market Disruption Event has occurred with respect to such security, its good faith estimate of
the value of such security at the Scheduled Closing Time of the Relevant Stock Exchange for such security or, if earlier, the
actual closing time of the regular trading session of such Relevant Stock Exchange) on that day of each security included in the
Index. As used herein, “closing price” means, with respect to any security on any date, the Relevant Stock
Exchange traded or quoted price of such security as of the Scheduled Closing Time of the Relevant Stock Exchange for such security
or, if earlier, the actual closing time of the regular trading session of such Relevant Stock Exchange.

For
the avoidance of doubt, if a Market Disruption Event occurs on or is continuing or a non-Trading Day occurs on an Observation
Day that is a scheduled Observation Period End-Date, that Observation Period End-Date and the corresponding Contingent Coupon
Payment Date will be postponed as described herein; however, the subsequent Observation Period will commence on such originally
scheduled Observation Period End-Date (that is, the postponement of an Observation Period End-Date at the end one Observation
Period due to the occurrence or continuation of a Market Disruption Event or non-Trading Day will not change the commencement
date of the succeeding Observation Period). If any Observation Day subject to postponement as described in the preceding paragraph
is also the Final Observation Day, for purposes of calculating the Maturity Payment Amount, the Final Observation Day will be
so postponed.

Calculation
Agent

The
Calculation Agent will determine whether a Contingent Coupon Payment will be made, the Optional Redemption Price, if any, and
the Maturity Payment Amount, if any. In addition, the Calculation Agent will (i) determine if adjustments are required to
the Closing Level of the Index under the circumstances described in this Security, (ii) if publication of the Index is discontinued,
select a Successor Equity Index or, if no Successor Equity Index is available, determine the Closing Level of the Index under
the circumstances described in this Security, and (iii) determine whether a Market Disruption Event or non-Trading Day has
occurred.

The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall
be a broker-dealer, bank or other financial institution) with respect to this Security.

All
determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent
and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security.

    	 	9	 

    	 

    

Redemption
and Repayment

This
Security is not subject to repayment at the option of the Holder hereof prior to December 27, 2023. This Security is subject
to redemption prior to December 27, 2023 as set forth under “Optional Redemption” above. This Security is not
entitled to any sinking fund.

Acceleration

If
an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Maturity
Payment Amount (calculated as set forth in the next two sentences) of this Security may
be declared due and payable in the manner and with the effect provided in the Indenture. The
amount payable to the Holder hereof upon any acceleration permitted under the Indenture will be equal to the Maturity Payment
Amount hereof calculated as provided herein, plus a portion of a final Contingent Coupon Payment,
if any. The Maturity Payment Amount and any final Contingent Coupon Payment will be calculated
as though the date of acceleration were the Final Observation Day and an Observation Period End-Date.

 

__________________

 

Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature
or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

[The
remainder of this page has been left intentionally blank]

 

    	 	10	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

DATED:

 

	 	WELLS FARGO & COMPANY
	 	 	 
	 	By:	 
	 	 	 
	 	 	Its:	 
	 	 	 
	 	Attest:	 
	 	 	 
	 	 	Its:	 

 

TRUSTEE’S
CERTIFICATE OF

AUTHENTICATION

This
is one of the Securities of the 

series
designated therein described

in
the within-mentioned Indenture.

 

	CITIBANK, N.A.,	 
	 	as Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 
	 	 	 
	OR	 
	 	 	 
	WELLS FARGO BANK, N.A.,	 
	 	as Authenticating Agent for the Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 

 

 

    	 	11	 

    	 

    

[Reverse
of Note]

 

 

WELLS
FARGO & COMPANY

 

MEDIUM-TERM
NOTE, SERIES S

 

Due
Nine Months or More From Date of Issue

 

Principal
at Risk Securities Linked to the Russell 2000® Index due December 27, 2023

 

This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
and to be issued in one or more series under an indenture dated as of February 21, 2017, as amended or supplemented from time
to time (herein called the “Indenture”), between the Company and Citibank, N.A., as Trustee (herein called
the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and
are to be, authenticated and delivered. This Security is one of the series of the Securities
designated as Medium-Term Notes, Series S, of the Company. The amount payable on the Securities of this series may be determined
by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities,
commodities, currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the
foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series
may mature at different times, be redeemable at different times or not at all, be repayable
at the option of the Holder at different times or not at all and be denominated in different currencies.

The
Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented
by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities
issued to and registered in the names of, the beneficial owners or their nominees.

The
Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security.

Modification
and Waivers 

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by
the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding
of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority
in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting
together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with

    	 	12	 

    	 

    

those
provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture
by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders
of all Securities of such series. Solely for the purpose of determining whether any consent, waiver, notice or other action or
Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding
Securities in the requisite aggregate principal amount, the principal amount of this Security will be deemed to be equal to the
amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued
upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security.

Defeasance

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company with certain conditions set forth therein, shall not apply to this Security. The remaining provisions
of Section 401 of the Indenture shall apply to this Security.

Authorized
Denominations

This
Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which
is an integral multiple of $1,000.

Registration
of Transfer

Upon
due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis,
Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for
an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject
to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental
charge imposed in connection therewith.

This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days
after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines
that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z)
an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable
pursuant to the preceding sentence, it shall be exchangeable for definitive Securities in registered form, bearing interest at
the same rate, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating
a like amount. 

This
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the

    	 	13	 

    	 

    

Depositary
or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above,
owners of beneficial interests in this Global Security will not be entitled to receive physical delivery of Securities in definitive
form and will not be considered the Holders hereof for any purpose under the Indenture.

Prior
to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

Obligation
of the Company Absolute

No
reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Contingent Coupon Payments, if any, and the Maturity
Payment Amount or the Optional Redemption Price, as applicable, on this Security at the
times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security.

No
Personal Recourse

No
recourse shall be had for the payment of any Contingent Coupon Payments or the Maturity
Payment Amount or the Optional Redemption Price, as applicable, on this Security or for
any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental
thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty
or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly
waived and released.

Defined
Terms

All
terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture unless
otherwise defined in this Security.

Governing
Law

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws.

    	 	14	 

    	 

    

ABBREVIATIONS

 

 

The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	TEN COM	--	as tenants in common
	 	 	 
	TEN ENT	--	as tenants by the entireties
	 	 	 
	JT TEN	--	as joint tenants with right
	 	 	of survivorship and not
	 	 	as tenants in common

 

	UNIF GIFT MIN ACT --	 	 Custodian 	 
	 	(Cust)	 	(Minor)

 

	Under Uniform Gifts to Minors Act	 
	 	 
	 	 
	(State)	 

 

Additional abbreviations
may also be used though not in the above list.

 

FOR VALUE RECEIVED,
the undersigned hereby sell(s) and transfer(s) unto

 

	Please Insert Social Security or	 
	Other Identifying Number of Assignee
	 	 
	 	 

 

 

	 
	 
	 

(Please
print or type name and address including postal zip code of Assignee)

 

    	 	15	 

    	 

    

the
within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and appoint __________________ attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises.

 

 

Dated:
_________________________

  

 
	 	 
	 	 
	 	 
	 	 

 

 

 

NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.

 

 

 

    	 	16EXHIBIT 10.1

      

      

      NEITHER THIS NOTE NOR THE SECURITIES THAT MAY BE ISSUED BY THE COMPANY UPON CONVERSION HEREOF (COLLECTIVELY, THE “SECURITIES”) HAVE
          BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD, TRANSFERRED
          OR ASSIGNED: (I) IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT, OR APPLICABLE STATE SECURITIES LAWS; OR (II) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED UNDER THE 1933 ACT OR; (III) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

      

      

      8% CONVERTIBLE PROMISSORY NOTE

      

      

      MATURITY DATE OF DECEMBER 14, 2019 *THE “MATURITY DATE”

      

      

      $57,000 DECEMBER 14, 2018 *THE “ISSUANCE DATE”

      

      

      FOR VALUE RECEIVED, XSport Global, Inc., a
          Wyoming Corporation (the “Company”) doing business in Charlotte, North Carolina hereby promises to pay to the order of __________., an accredited investor
          and Texas Corporation, or its assigns (the “Holder”), the principal amount of Fifty-Seven Thousand Dollars ($57,000) (“Note”), on demand of the Holder at any time on or after December 14, 2019 (the “Maturity Date”),
          and to pay interest on the unpaid principal balance hereof at the rate of Eight Percent (8%) per annum (the “Interest Rate”) commencing on the date hereof
          (the “Issuance Date”).

      

      

      
        	 	
                1.

              	
                Payments of Principal and Interest.

              

      

      

      

      
        
          	

                	a.	
                  Pre-Payment and Payment of Principal and Interest. The Company may pay this Note
                      in full, together with any and all accrued and unpaid interest, plus any applicable pre-payment premium set forth herein and subject to the terms of this Section 1.a, at any time on or prior to the date which occurs 180 days after the
                      Issuance Date hereof (the “Prepayment Date”). In the event the Note is not prepaid in full on or before the Prepayment Date, it shall be deemed a “Pre-Payment Default” hereunder. Until the Thirtieth (30th) day after the Issuance Date
                      the Company may pay the principal at a cash redemption premium of 110%, in addition to outstanding interest, without the Holder’s consent; from the 31st day to the Sixtieth (60th) day after the Issuance Date, the Company may pay the
                      principal at a cash redemption premium of 115%, in addition to outstanding interest, without the Holder’s consent; from the 61st day to the Ninetieth (90th) day after the Issuance Date, the Company may pay the principal at a cash
                      redemption premium of 120%, in addition to outstanding interest, without the Holder’s consent; from the 91st day to the One Hundred and Twentieth (120th) day after the Issuance Date, the Company may pay the principal at a cash
                      redemption premium of 125%, in addition to outstanding interest, without the Holder’s consent; from the 121st day to the One Hundred and Fiftieth (150th) day after the Issuance Date, the Company may pay the principal at a cash
                      redemption premium of 130%, in addition to outstanding interest, without the Holder’s consent; from the 151st day to the Prepayment Date, the Company may pay the principal at a cash redemption premium of 135%, in addition to
                      outstanding interest, without the Holder’s consent. After the Prepayment Date up to the Maturity Date this Note shall have a cash redemption premium of 140% of the then outstanding principal amount of the Note, plus accrued interest
                      and Default Interest, if any, which may only be paid by the Company upon Holder’s prior written consent. At any time on or after the Maturity Date, the Company may repay the then outstanding principal plus accrued interest and Default
                      Interest (defined below), if any, to the Holder.

                

        

      

      

      

      
        
          	

                	b.	
                  Demand of Repayment. The principal and interest balance of this Note shall be
                      paid to the Holder hereof on demand by the Holder at any time on or after the Maturity Date. The Default Amount (defined herein), if applicable, shall be paid to Holder hereof on demand by the Holder at any time such Default Amount
                      becomes due and payable to Holder. The Holder may, by written notice to the Company at least five (5) days before the Maturity Date (as may have been previously extended), extend the Maturity Date to up to one (1) year following the
                      date of the original Maturity Date hereunder.

                

        

      

      

      

      
        
          	

                	c.	
                  Interest. This Note shall bear interest (“Interest”) at the rate of Eight Percent (8%) per annum from the Issuance Date until the same is paid, or otherwise converted in accordance with Section 2 below, in full and
                      the Holder, at the Holder’s sole discretion, may include any accrued but unpaid Interest in the Conversion Amount. Interest shall commence accruing on the Issuance Date, shall be computed on the basis of a 365-day year and the actual
                      number of days elapsed and shall accrue daily and, after the Maturity Date, compound quarterly. Upon an Event of Default, as defined in Section 10 below, the Interest Rate shall increase to Eighteen Percent (18%) per annum for so long
                      as the Event of Default is continuing (“Default Interest”).

                

        

      

      

      

      
        
          

      

      
        
          	

                	d.	
                  General Payment Provisions. This Note shall be paid in lawful money of the United
                      States of America by check or wire transfer to such account as the Holder may from time to time designate by written notice to the Company in accordance with the
                      provisions of this Note. 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 and, in the case of any interest payment date which is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining the amount of interest due
                      on such date. For purposes of this Note, “Business Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in
                      the State of Texas are authorized or required by law or executive order to remain closed.

                

        

      

      

      

      
        
          	

                	2.	
                  Conversion of Note. At any time after the Pre-payment Date, the Conversion Amount
                      (see Paragraph 2(a)(i)) of this Note shall be convertible into shares of the Company’s common stock (the “Common Stock”) according to the terms
                      and conditions set forth in this Paragraph 2.

                

        

      

      

      

      a.     Certain Defined Terms. For purposes of this Note, the following terms shall have the following meanings:

      

      

      
        
          	

                	i.	
                  “Conversion Amount” means the sum of (a) the principal amount of this Note to be
                      converted with respect to which this determination is being made, (b) Interest; and (c) Default Interest, if any, if so included at the Holder’s sole discretion.

                

        

      

      

      

      
        
          	

                	ii.	
                  “Conversion Price” means: i) $0.25 per share until the Prepayment Date, or ii)
                      upon the occurrence of a Pre-payment Default or an Event of Default, a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice (subject to equitable adjustments for
                      stock splits, stock dividends or rights offerings by the Company relating to the Company’s securities or the securities of any subsidiary of the Company, combinations, recapitalization, reclassifications, extraordinary distributions
                      and similar events).

                

        

      

      

      

      
        
          	

                	iii.	
                  “Person” means an individual, a limited liability company, a partnership, a joint
                      venture, a corporation, a trust, an unincorporated organization and a government or any department or agency thereof.

                

        

      

      

      

      
        
          	

                	iv.	
                  “Shares” means the Shares of the Common Stock of the Company into which any
                      balance on this Note may be converted upon submission of a “Conversion Notice” to the Company substantially in the form attached hereto as
                      Exhibit 1.

                

        

      

      

      

      
        
          	

                	b.	
                  Holder’s Conversion Rights. At any time after the Pre-payment Date, the Holder
                      shall be entitled to convert all of the outstanding and unpaid principal and accrued interest of this Note into fully paid and non-assessable shares of Common Stock in accordance with the stated Conversion Price. The Holder shall not
                      be entitled to convert on a Conversion Date that amount of the Note in connection with that number of shares of Common Stock which would be in excess of the sum of the number of shares of Common Stock issuable upon the conversion of
                      the Note with respect to which the determination of this provision is being made on a Conversion Date, which would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common
                      Stock of the Company on such Conversion Date. For the purposes of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934,
                      as amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder shall not be limited to aggregate conversions of 4.99% (“Conversion Limitation 1”). The Holder shall have the authority to determine whether the
                      restriction contained in this Section 2(b) will limit any conversion hereunder, and accordingly, the Holder may waive the conversion limitation described in
                      this Section 2(b), in whole or in part, upon and effective after 61 days prior written notice to the Company to increase or decrease such percentage to any
                      other amount as determined by Holder in its sole discretion (“Conversion Limitation 2”). If in the case that the Company’s Common Stock is “chilled” for deposit into the DTC system and only eligible for clearing deposit, then an
                      additional 15% discount to the Conversion Price shall apply for all future conversions under the Note while the “chill” is in effect. For the avoidance of doubt, with reference to section 2(a)ii of this note, when the “chill” is in
                      effect the conversion price will increase from a 40% discount to a 45% discount to the lowest trading price during the previous (20) days to the date of a Conversion Notice. To the extent the Conversion Price of the Company’s Common
                      Stock closes below the par value per share, the Company will take all steps necessary to solicit the consent of the stockholders to reduce the par value to the lowest value possible under law. The Company agrees to honor all
                      conversions submitted pending this adjustment unless the Holder, in its sole and absolute discretion elects instead to set the Conversion Price to par value for such conversion(s) and the conversion amount for such conversion(s) shall
                      be increased to include Additional Principal, where “Additional Principal” means such additional amount to be added to the conversion amount to the extent necessary to cause the number of Common Stock issuable upon such conversion(s)
                      to equal the same number of Common Stock as would have been issued had the Conversion Price not been set to par value in the Holder’s sole and absolute discretion.

                

        

      

      

      

      
        
          

      

      
        
          	

                	c.	
                  Fractional Shares. The Company shall not issue any fraction of a share of Common
                      Stock upon any conversion; if such issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to the nearest whole share except in the event that
                      rounding up would violate the conversion limitation set forth in section 2(b) above.

                

        

      

      

      

      
        
          	d.	
                  Conversion Amount. The Conversion Amount shall be converted pursuant to Rule
                      144(b)(1)(ii) and Rule 144(d)(1)(ii) as promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended, into unrestricted shares at the Conversion Price.

                

        

      

      

      

      
        
          	e.	
                  Mechanics of Conversion. The conversion of this Note shall be conducted in the
                      following manner:

                

        

      

      

      

      
        
          	

                	i.	
                  Holder’s Conversion Requirements. To convert this Note into shares of Common
                      Stock on any date set forth in the Conversion Notice by the Holder (the “Conversion Date”), the Holder shall transmit by email, facsimile or
                      otherwise deliver, for receipt on or prior to 11:59 p.m., Eastern Time, on such date or on the next business day, a copy of a fully executed notice of conversion in the form attached hereto as Exhibit 1 to the Company.

                

        

      

      

      

      
        
          	

                	ii.	
                  Company’s Response. Upon receipt by the Company of a copy of a Conversion Notice,
                      the Company shall as soon as practicable, but in no event later than one (1) Business Day after receipt of such Conversion Notice, send, via email, facsimile or overnight courier, a confirmation of receipt of such Conversion Notice to
                      such Holder indicating that the Company will process such Conversion Notice in accordance with the terms herein. Within two (2) Business Days after the date the Conversion Notice is delivered, the Company shall have issued and
                      electronically transferred the shares to the Broker indicated in the Conversion Notice; should the Company be unable to transfer the shares electronically, it shall, within two (2) Business Days after the date the Conversion Notice
                      was delivered, have surrendered to an overnight courier for delivery the next day to the address as specified in the Conversion Notice, a certificate, registered in the name of the Holder, for the number of shares of Common Stock to
                      which the Holder shall be entitled.

                

        

      

      

      

      
        
          	

                	iii.	
                  Record Holder. The person or persons entitled to receive the shares of Common
                      Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the Conversion Date.

                

        

      

      

      

      
        
          	

                	iv.	
                  Timely Response by Company. Upon receipt by Company of a Conversion Notice,
                      Company shall respond within one business day to Holder confirming the details of the Conversion, and provide within two business days the Shares requested in the Conversion Notice.

                

        

      

      

      

      
        
          	

                	v.	
                  Liquidated Damages for Delinquent Response. If the Company fails to deliver for
                      whatever reason (including any neglect or failure by, e.g., the Company, its counsel or the transfer agent) to Holder the Shares as requested
                      in a Conversion Notice within three (3) business days of the Conversion Date, the Company shall be deemed in “Default of Conversion.” Beginning
                      on the fourth (4th) business day after the date of the Conversion Notice, after the Company is deemed in Default of Conversion, there shall accrue liquidated damages (the “Conversion Damages”) of $1,000 per day for each day after the third business day until delivery of the Shares is made, and such penalty will be added to the Note being converted (under the
                      Company’s and Holder’s expectation and understanding that any penalty amounts will tack back to the Issuance Date of the Note). The Parties agree that, at the time of drafting of this Note, the Holder’s damages as to the delinquent
                      response are incapable or difficult to estimate and that the liquidated damages called for is a reasonable forecast of just compensation.

                

        

      

      

      

      
        
          	

                	vi.	
                  Liquidated Damages for Inability to Issue Shares. If the Company fails to deliver
                      Shares requested by a Conversion Notice due to an exhaustion of authorized and issuable common stock such that the Company must increase the number of shares of authorized Common Stock before the Shares requested may be issued to the
                      Holder, the discount set forth in the Conversion Price will be increased by 5 percentage points (i.e. from 40% to 45%) for the Conversion Notice in question and all future Conversion Notices until the outstanding principal and
                      interest of the Note is converted or paid in full. These liquidated damages shall not render the penalties prescribed by Paragraph 2(e)(v) void, and shall be applied in conjunction with Paragraph 2(e)(v) unless otherwise agreed to in
                      writing by the Holder. The Parties agree that, at the time of drafting of this Note, the Holder’s damages as to the inability to issue shares are incapable or difficult to estimate and that the liquidated damages called for is a
                      reasonable forecast of just compensation.

                

        

      

      

      

      
        
          	

                	vii.	
                  Rescindment of Conversion Notice. If: (i) the Company fails to respond to Holder
                      within one business day from the date of delivery of a Conversion Notice confirming the details of the Conversion, (ii) the Company fails to provide the Shares requested in the Conversion Notice within three business days from the
                      date of the delivery of the Conversion Notice, (iii) the Holder is unable to procure a legal opinion required to have the Shares issued unrestricted and/or deposited to sell for any reason related to the Company's standing with the
                      SEC or FINRA, or any action or inaction by the Company, (iv) the Holder is unable to deposit the Shares requested in the Conversion Notice for any reason related to the Company's standing with the SEC or FINRA, or any action or
                      inaction by the Company, (v) if the Holder is informed that the Company does not have the authorized and issuable Shares available to satisfy the Conversion, or (vi) if OTC Markets changes the Company's designation to 'Limited
                      Information' (Yield), 'No Information' (Stop Sign), 'Caveat Emptor' (Skull and Crossbones), or 'OTC', 'Other OTC' or 'Grey Market' (Exclamation Mark Sign) on the day of or any day after the date of the Conversion Notice, the Holder
                      maintains the option and sole discretion to rescind the Conversion Notice ("Rescindment") by delivering a notice of rescindment to the Company in the same manner that a Conversion Notice is required to be delivered to the Company pursuant to the terms of this Note.

                

        

      

      

      

      
        
          

      

      
        
          	

                	viii.	
                  Transfer Agent Fees and Legal Fees. The issuance of the certificates shall be
                      without charge or expense to the Holder. The Company shall pay any and all Transfer Agent fees, legal fees, and advisory fees required for execution of this Note and processing of any Notice of Conversion, including but not limited to
                      the cost of obtaining a legal opinion with regard to the Conversion. The Holder will deduct $2,000 from the principal payment of the Note solely to cover the cost of obtaining any and all legal opinions required to obtain the Shares
                      requested in any given Conversion Notice. These fees do not make provision for or suffice to defray any legal fees incurred in collection or enforcement of the Note as described in Paragraph 13. The Holder will deduct 3rd
                      party due diligence fees due GSS Capital Group in the amount of $5,000 from the principal payment of the Note. All expenses incurred by Holder, for the issuance and clearing of the Common Stock into which this Note is convertible
                      into, shall immediately and automatically be added to the balance of the Note at such time as the expenses are incurred by Holder.

                

        

      

      

      

      
        
          	

                	ix.	
                  Conversion Right Unconditional. If the Holder shall provide a Notice of
                      Conversion as provided herein, the Company’s obligations to deliver Common Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or alleged breach by the Holder of any obligation to
                      the Company.

                

        

      

      

      

      
        
          	

                	3.	
                  Other Rights of Holder: Reorganization, Reclassification, Consolidation, Merger
                      or Sale.Any recapitalization, reorganization, reclassification, consolidation, merger, sale of all or substantially all of the Company’s assets to
                      another Person or other transaction which is effected in such a way that holders of Common Stock are entitled to receive (either directly or upon subsequent liquidation) stock, securities, cash or other assets with respect to or in
                      exchange for Common Stock is referred to herein as “Organic Change.” Prior to the consummation of any (i) Organic Change or (ii) other
                      Organic Change following which the Company is not a surviving entity, the Company will secure from the Person purchasing such assets or the successor resulting from such Organic Change (in each case, the “Acquiring Entity”) a written agreement (in form and substance reasonably satisfactory to the Holder) to deliver to Holder in exchange for this Note, a security of
                      the Acquiring Entity evidenced by a written instrument substantially similar in form and substance to this Note, and reasonably satisfactory to the Holder. Prior to the consummation of any other Organic Change, the Company shall make
                      appropriate provision (in form and substance reasonably satisfactory to the Holder) to ensure that the Holder will thereafter have the right to acquire and receive in lieu of or in addition to (as the case may be) the shares of Common
                      Stock immediately theretofore acquirable and receivable upon the conversion of the Note, such shares of stock, securities, cash or other assets that would have been issued or payable in such Organic Change with respect to or in
                      exchange for the number of shares of Common Stock which would have been acquirable and receivable upon the conversion of the Note as of the date of such Organic Change (without taking into account any limitations or restrictions on
                      the convertibility of the Note set forth in Section 2(b) or otherwise). All provisions of this Note must be included to the satisfaction of Holder in any new Note created pursuant to this section.

                

        

      

      

      

      
        	 	
                a.

              	
                Adjustment Due to Distribution. If the Company shall
                    declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the
                    Company’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the
                    date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
                    such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

              

      

      

      

      
        
          	

                	4.	
                  Representations and Warranties of the Company. In connection with the
                      transactions provided for herein, the Company hereby represents and warrants to the Holder the following:

                

        

      

      

      

      
        
          	

                	a.	
                  Organization, Good Standing and Qualification. The Company is a corporation duly
                      organized, validly existing and in good standing under the laws of the state of its incorporation and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact
                      business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.

                

        

      

      

      

      
        
          	

                	b.	
                  Authorization. All corporate action has been taken on the part of the Company,
                      its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement. The Company has taken all corporate action required to make all of the obligations of the Company reflected in the
                      provisions of this Agreement, valid and enforceable obligations. The shares of capital stock issuable upon conversion of the Note have been authorized or will be authorized prior to the issuance of such shares.

                

        

      

      

      

      
        
          	

                	c.	
                  Fiduciary Obligations. The Company hereby represents that it intends to use the
                      proceeds of the Note primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved
                      the execution of this Agreement based upon a reasonable belief that the proceeds of the Note provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.

                

        

      

      

      

      
        
          

      

      
        	 	
                5.

              	
                Covenants of the Company.

              

      

      

      

      
        
          	

                	a.	
                  So long as the Company shall have any obligations under this Note, the Company shall not without the Holder’s prior written consent pay, declare or set apart for such
                      payment any dividend or other distribution (whether in cash, property, or other securities) on shares of capital stock solely in the form of additional shares of Common Stock

                

        

      

      

      

      
        
          	

                	b.	
                  So long as the Company shall have any obligations under this Note, the Company shall not without the Holder’s prior written consent sell, lease, or otherwise dispose of a
                      significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned upon a specified use of the proceeds thereof.

                

        

      

      

      

      
        	 	
                6.

              	
                Issuance of Common Stock Equivalents. If the Company,
                    at any time after the Issuance Date, shall issue any securities convertible into or exchangeable for, directly or indirectly, Common Stock (“Convertible
                      Securities”), other than the Note, or any rights or warrants or options to purchase any such Common Stock or Convertible Securities, shall be issued or sold (collectively, the “Common Stock Equivalents”) and the aggregate of the price per share for which additional Shares of Common Stock may be issuable thereafter pursuant to such Common Stock Equivalent, plus the
                    consideration received by the Company for issuance of such Common Stock Equivalent divided by the number of shares of Common Stock issuable pursuant to such Common Stock Equivalent (the “Aggregate Per Common Share Price”) shall be less than the applicable Conversion Price then in effect, or if, after any such issuance of Common Stock Equivalents, the price per share for which
                    additional Shares of Common Stock may be issuable thereafter is amended or adjusted, and such price as so amended shall make the Aggregate Per Share Common Price be less than the applicable Conversion Price in effect at the time of such
                    amendment or adjustment, then the applicable Conversion Price upon each such issuance or amendment shall be reduced to the lower of: (i) the Conversion Price; or (ii) a twenty-five percent (25%) discount to the lowest Aggregate Per
                    Common Share Price (whether or not such Common Stock Equivalents are actually then exercisable, convertible or exchangeable in whole or in part) as of the earlier of (A) the date on which the Company shall enter into a firm contract for
                    the issuance of such Common Stock Equivalent, or (B) the date of actual issuance of such Common Stock Equivalent. No adjustment of the applicable Conversion Price shall be made under this Section 6 upon the issuance of any Convertible
                    Security which is outstanding on the day immediately preceding the Issuance Date.

              

      

      

      

      
        	 	
                7.

              	
                Reservation of Shares. The Company shall at all times,
                    so long as any principal amount of the Note is outstanding, reserve and keep available out of its authorized and unissued shares of Common Stock, solely for the purpose of effecting the conversion of the Note, six times the number of
                    shares of Common Stock as shall at all times be sufficient to effect the conversion of all of the principal amount, plus Interest and Default Interest, if any, of the Note then outstanding (“Share Reserve”), unless the Holder stipulates otherwise in the “Irrevocable Letter of Instructions to the
                      Transfer Agent.” The calculation to determine the amount of reserve shares necessary to be maintained shall be based on a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date in
                    which a “Share Reserve Increase Letter” is submitted to the Company. For the avoidance of doubt, there shall be no consideration given to the 0.25 share price when calculating the share reserve requirement. So long as this Note is
                    outstanding, upon written request of the Holder or via telephonic communication, the Company’s Transfer Agent shall furnish to the Holder the then-current number of common shares issued and outstanding, the then-current number of common
                    shares authorized, the then-current number of unrestricted shares, and the then-current number of shares reserved for third parties.

              

      

      

      

      
        	 	
                8.

              	
                Voting Rights. The Holder of this Note shall have no
                    voting rights as a note holder, except as required by law, however, upon the conversion of any portion of this Note into Common Stock, Holder shall have the same voting rights as all other Common Stock holders with respect to such
                    shares of Common Stock then owned by Holder.

              

      

      

      

      
        	 	
                9.

              	
                Reissuance of Note. In the event of a conversion or
                    redemption pursuant to this Note of less than all of the Conversion Amount represented by this Note, the Company shall promptly cause to be issued and delivered to the Holder, upon tender by the Holder of the Note converted or redeemed,
                    a new note of like tenor representing the remaining principal amount of this Note which has not been so converted or redeemed and which is in substantially the same form as this Note, as set forth above.

              

      

      

      

      
        	 	
                10.

              	
                Default and Remedies.

              

      

      

      

      
        	 	
                a.

              	
                Event of Default. For purposes of this Note, an “Event of Default” shall occur upon:

              

      

      

      

      
        
          	

                	i.	
                  the Company’s default in the payment of the outstanding principal, Interest or Default Interest of this Note when due, whether at Maturity, acceleration or otherwise;

                

        

      

      
        
          	

                	ii.	
                  the occurrence of a Default of Conversion as set forth in Section 2(e)(v);

                

        

      

      
        
          	

                	iii.	
                  the failure by the Company for ten (10) days after notice to it to comply with any material provision of this Note not included in this Section 10(a);

                

        

      

      
        
          	

                	iv.	
                  the Company’s breach of any covenants, warranties, or representations made by the Company herein;

                

        

      

      
        
          	

                	v.	
                  any of the information in the DDF is false or misleading in any material respect;

                

        

      

      
        
          	

                	vi.	
                  the default by the Company in any Other Agreement entered into by and between the Company and Holder, for purposes hereof “Other Agreement” shall mean, collectively, all
                      agreements and instruments between, among or by: (1) the Company, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including without limitation, promissory notes;

                

        

      

      
        
          	

                	vii.	
                  the cessation of operations of the Company or a material subsidiary;

                

        

      

      
        
          	

                	viii.	
                  the Company pursuant to or within the meaning of any Bankruptcy Law; (a) commences a voluntary case; (b) consents to the entry of an order for relief against it in an
                      involuntary case; (c) consents to the appointment of a Custodian of it or for all or substantially all of its property; (d) makes a general assignment for the benefit of its creditors; or (e) admits in writing that it is generally
                      unable to pay its debts as the same become due;

                

        

      

      

      

      
        
          

      

      
        
          	

                	ix.	
                  court of competent jurisdiction entering an order or decree under any Bankruptcy Law that: (a) is for relief against the Company in an involuntary case; (b) appoints a
                      Custodian of the Company or for all or substantially all of its property; or (c) orders the liquidation of the Company or any subsidiary, and the order or decree remains unstayed and in effect for thirty (30) days;

                

        

      

      
        
          	

                	x.	
                  the Company files a Form 15 with the SEC;

                

        

      

      
        
          	

                	xi.	
                  the Company’s failure to timely file all reports required to be filed by it with the Securities and Exchange Commission;

                

        

      

      
        
          	

                	xii.	
                  the Company’s failure to timely file all reports required to be filed by it with OTC Markets to remain a “Current Information” designated company;

                

        

      

      
        
          	

                	xiii.	
                  the Company’s Common Stock is reported as “No Inside” by OTC Markets at any time while any principal, Interest or Default Interest under the Note remains outstanding;

                

        

      

      
        
          	

                	xiv.	
                  the Company’s failure to maintain the required Share Reserve pursuant to the terms of the Irrevocable Letter of Instructions to the Transfer Agent;

                

        

      

      
        
          	

                	xv.	
                  the Company directs its transfer agent not to transfer, or delays, impairs, or hinders its transfer agent in transferring or issuing (electronically or in certificated
                      form) any certificate for Shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or
                      impairs, delays and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw and stop transfer instructions) on any certificate for any Shares of Common Stock issued to the Holder upon conversion of or
                      otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor its obligations pursuant to a Conversion Notice submitted by the Holder) and
                      any such failure shall continue uncured for three (3) Business Days after the Conversion Notice has been delivered to the Company by Holder;

                

        

      

      
        
          	

                	xvi.	
                  the Company’s failure to remain current in its billing obligations with its transfer agent and such delinquency causes the transfer agent to refuse to issue Shares to
                      Holder pursuant to a Conversion Notice;

                

        

      

      
        
          	

                	xvii.	
                  the Company effectuates a reverse split of its Common Stock and fails to provide twenty (20) days prior written notice to Holder of its intention to do so; or

                

        

      

      
        
          	

                	xviii.	
                  OTC Markets changes the Company's designation to 'No Information' (Stop Sign), 'Caveat Emptor' (Skull and Crossbones), or 'OTC', 'Other OTC' or 'Grey Market' (Exclamation
                      Mark Sign).

                

        

      

      
        
          	

                	xix.	
                  "Change of Control Transaction" means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or "group"
                      (as described in Rule 13d-5(b)(1) promulgated under the Securities Exchange Act of 1934) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of
                      40% of the voting securities of the Company, (b) the Company merges into or consolidates with any other Person, as that term is defined in the Securities Act of 1933, as amended, or any Person merges into or consolidates with the
                      Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 60% of the aggregate voting power of the Company or the successor entity of such transaction,
                      (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 60% of the aggregate voting power of the acquiring
                      entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are
                      members of the Board of Directors on the Issuance Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of
                      the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound.

                

        

      

      
        
          	

                	xx.	
                  Altering the conversion terms of any notes that are currently outstanding.

                

        

      

      
        
          	

                	xxi.	
                  Notwithstanding anything to the contrary contained in this Note or the other related or companion
                        documents, a breach or default by the Company of any covenant or other term or condition contained in any of other agreement entered into by the Company, after the passage of all applicable notice and cure or grace periods therein.

                

        

      

      

      

      The above Events of Default shall be subject to a ten (10) day cure period if such Event of Default is curable.
          IF such Event of Default is cured within such period, it shall not constitute an Event of Default.

      

      

      The Term “Bankruptcy Law”
          means Title 11, U.S. Code, or any similar Federal or State Law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee,
          liquidator or similar official under any Bankruptcy Law.

      

      

      
        	
                b.

              	
                Remedies. If an Event of Default occurs, the Holder
                    may in its sole discretion determine to request immediate repayment of all or any portion of the Note that remains outstanding; at such time the Company will be required to pay the Holder the Default Amount (defined herein) in cash. For
                    purposes hereof, the “Default Amount” shall mean: the product of (A) the then outstanding principal amount of the Note, plus accrued Interest and
                    Default Interest, divided by (B) the Conversion Price as determined on the IssuanceDate, multiplied by (C) the highest price at which the Common Stock traded at any time between the Issuance Date and the date of the Event of Default. If
                    the Company fails to pay the Default Amount within five (5) Business Days of written notice that such amount is due and payable, then Holder shall have the right at any time, so long as the Company remains in default (and so long and to
                    the extent there are a sufficient number of authorized but unissued shares), to require the Company, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Company equal to
                    the Default Amount divided by the Conversion Price then in effect.

              

      

      

      

      
        
          

      

      
        	 	
                c.

              	
                If at any time after the Issuance Date, the Company is not DWAC Eligible, then an additional 5% discount shall be factored into the Conversion
                    Price. If at any time after the Issuance Date, the Common Stock is not DTC Eligible, then an additional 5% discount shall be factored into the Conversion Price. In addition, if any Event of Default occurs after the Issuance Date, then
                    an additional 5% discount shall be factored into the Conversion Price for each of the first three (3) Events of Default that occur after the Issuance Date (for the avoidance of doubt, each occurrence of any Event of Default shall be
                    deemed to be a separate occurrence for purposes of the foregoing reductions, even if the same Event of Default occurs three (3) separate times). For example, if there are three (3) separate occurrences of an Event of Default, then an
                    additional 5% discount shall be factored into the Conversion Price for the first such occurrence, and so on for each of the second and third occurrences of such Event of Default.

              

      

      

      

      
        	 	
                11.

              	
                Vote to Change the Terms of this Note. This Note and
                    any provision hereof may only be amended by an instrument  in writing signed by the Company and the Holder.

              

      

      

      

      
        
          	

                	12.	
                  Lost or Stolen Note. Upon receipt by the Company of evidence satisfactory to the
                      Company of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably acceptable to the Company and, in
                      the case of mutilation, upon surrender and cancellation of the Note, the Company shall execute and deliver a new Note of like tenor and date and in substantially the same form as this Note; provided, however, the Company shall not be
                      obligated to re-issue a Note if the Holder contemporaneously requests the Company to convert such remaining principal amount, plus accrued Interest and Default Interest, if any, into Common Stock.

                

        

      

      

      

      
        
          	

                	13.	
                  Payment of Collection, Enforcement and Other Costs. If: (i) this Note is placed
                      in the hands of an attorney for collection or enforcement or is collected or enforced through any legal proceeding; or (ii) an attorney is retained to represent the Holder of this Note in any bankruptcy, reorganization, receivership
                      or other proceedings affecting creditors’ rights and involving a claim under this Note, then the Company shall pay to the Holder all reasonable attorneys’ fees, costs and expenses incurred in connection therewith, in addition to all
                      other amounts due hereunder.

                

        

      

      

      

      
        
          	

                	14.	
                  Cancellation. After all principal, accrued Interest and Default Interest, if any,
                      at any time owed on this Note has been paid in full or otherwise converted in full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be reissued.

                

        

      

      

      

      
        
          	

                	15.	
                  Waiver of Notice. To the extent permitted by law, the Company hereby waives
                      demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note.

                

        

      

      

      

      
        
          	

                	16.	
                  Governing Law. This Note shall be construed and enforced in accordance with, and
                      all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the laws of the State of Texas, without giving effect to provisions thereof regarding conflict of laws. Each party
                      hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in Texas for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or
                      discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is
                      brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or
                      proceeding by sending, through certified mail or overnight courier, a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of
                      process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH

                        PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED
                        HEREBY.

                

        

      

      

      

      
        
          	

                	17.	
                  Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief.
                      The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note, at law or in equity (including a decree of specific performance and/or other injunctive relief), and no remedy
                      contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy and nothing herein shall limit the Holder’s right to pursue actual damages for any failure by the Company to comply with the terms
                      of this Note. The Company covenants to the Holder that there shall be no characterization concerning this instrument other than as expressly provided herein. Amounts set forth or provided for herein with respect to payments,
                      conversion and the like (and the computation thereof) shall be the amounts to be received by the Holder thereof and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance
                      thereof).

                

        

      

      

      

      
        
          	

                	18.	
                  Specific Shall Not Limit General; Construction. No specific provision contained
                      in this Note shall limit or modify any more general provision contained herein. This Note shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against any person as the drafter hereof.

                

        

      

      

      

      
        	 	
                19.

              	
                Failure or Indulgence Not Waiver. No failure or delay
                    on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude further exercise thereof or
                    of any other right, power or privilege.

              

      

      

      

      
        	 	
                20.

              	
                Partial Payment. In the event of partial payment by
                    the Holder, the principal sum due to the Holder shall be prorated based on the consideration actually paid by the Holder such that the Company is only required to repay the amount funded and the Company is not required to repay any
                    unfunded portion of this Note, with the exception of any OID contemplated herein.

              

      

      

      

      
        
          

      

      
        	 	
                21.

              	
                Entire Agreement. This Agreement constitutes the full
                    and entire understanding and agreement between the parties with regard to the subjects herein. None of the terms of this Agreement can be waived or modified, except by an express agreement signed by all Parties hereto.

              

      

      

      

      
        	 	
                22.

              	
                Additional Representations and Warranties. The Company
                    expressly acknowledges that the Holder, including but not limited to its officer, directors, employees, agents, and affiliates, have not made any representation or warranty to it outside the terms of this Agreement. The Company further
                    acknowledges that there have been no representations or warranties about future financing or subsequent transactions between the parties.

              

      

      

      

      
        	 	
                23.

              	
                Notices. All notices and other communications given or
                    made to the Company pursuant hereto shall be in writing (including facsimile or similar electronic transmissions) and shall be deemed effectively given: (i) upon personal delivery, (ii) when sent by electronic mail or facsimile, as
                    deemed received by the close of business on the date sent, (iii) five (5) days after having
                    been sent by registered or certified mail, return receipt requested, postage prepaid or (iv) one

                    (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery. All communications shall be sent either by email, or fax, or to the email address or facsimile number set forth on the signature page
                    hereto. The physical address, email address, and phone number provided on the signature page hereto shall be considered valid pursuant to the above stipulations; should the Company’s contact information change from that listed on the
                    signature page, it is incumbent on the Company to inform the Holder.

              

      

      

      

      
        	 	
                24.

              	
                Severability. If one or more provisions of this
                    Agreement are held to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the rest of the Agreement shall be enforceable in accordance with its terms.

              

      

      

      

      
        	 	
                25.

              	
                Usury. If it shall be found that any interest or other
                    amount deemed interest due hereunder violates the applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The
                    Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, Interest or Default
                    Interest on this Note.

              

      

      

      

      
        	 	
                26.

              	
                Successors and Assigns. This Agreement shall be
                    binding upon all successors and assigns hereto. The Company may not assign this Note without the prior written consent of Holder. This Note and any shares of Common Stock issued upon conversion of this Note may be offered, sold,
                    assigned or transferred by Holder without the consent of the Company.

              

      

      

      

      
        	 	
                27.

              	
                Terms of Future Financings. So long as this Note is
                    outstanding, upon any issuance by the Company or any of its subsidiaries of any security with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided
                    to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term and such term, at Holder’s option, shall become a part of the transaction documents with the Holder. The types of terms
                    contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, prepayment rate, conversion lookback periods, interest rates, original issue
                    discounts, stock sale price, private placement price per share, and warrant coverage.

              

      

      

      

      — SIGNATURE PAGE TO FOLLOW —

       

        

      
        
          

      

      IN WITNESS WHEREOF, the Company has caused
          this Note to be signed by its CEO, on and as of the Issuance Date.

      

      

       
        	
                XSport Global, Inc.

              	
                 

              	
                 

              
	 	 	 
	
                Signature:

              	 	 
	 	 	 

      

      

      	
              By:

            	
              Robert Finigan

            
	 	 
	
              Title:

            	
              CEO

            

      

      

      	
              Address:

            	
              1800 Camden Road

               

                

              107____________ 196

              Charlotte, NC 28203

            
	 	 
	 	 
	 	
              robert@xsportglobal.com

            

      

      

      Email:

      

      

      Phone:

      

      

      Facsimile:

      

      

      Signature:

      

      

      
        
          

      

      Exhibit 1

      

      

      Conversion Notice

      

      

      Reference is made to the 8% Convertible Note issued by XSport Global, Inc. (the "Note"), dated December 13, 2018 in the principal amount of $57,000 with
          12% interest. This note currently holds a principal balance of $57,000. The features of conversion stipulate a Conversion Price equal a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a
          Conversion Notice; pursuant to the provisions of Section 2(a)(ii) in the Note.

      

      

      In accordance with and pursuant to the Note, the undersigned hereby elects to convert $______ of the principal/interest balance of the Note, indicated below into shares of Common Stock (the "Common Stock"), of the Company, by tendering the Note specified as of the date specified below.

      

      

      Date of Conversion:

      

      

      Please confirm the following information:

      

      

      Conversion Amount: $_______________________

      

      

      

      Conversion Price: $_____________________________( ____ % discount from $__________________________ )

      

      

      Number of Common Stock to be issued:____________________________________________________________

      

      

      

      Current Issued/Outstanding:_____________________________________________________________________

      

      

      

      If the Issuer is DWAC eligible, please issue the Common Stock into which the Note is being converted in the name of the Holder of the
          Note and transfer the shares electronically to:

      

      

      [BROKER INFORMATION]

      

      

      Holder Authorization:

      

      

      [DATE]

      

      

      [CONTINUED ON NEXT PAGE]

      

      

      
        
          

      

      PLEASE BE ADVISED, pursuant to Section 2(e)(ii) of the Note,
          “Upon receipt by the Company of a copy of the Conversion Notice, the Company shall as soon as practicable, but in no event later than one (1) Business Day after receipt of such Conversion Notice, SEND, VIA EMAIL, FACSIMILE OR OVERNIGHT COURIER, A CONFIRMATION OF RECEIPT OF SUCH CONVERSION NOTICE TO SUCH HOLDER INDICATING THAT THE COMPANY WILL PROCESS SUCH CONVERSION NOTICE in accordance with the
          terms herein. Within two (2) Business Days after the date of the Conversion Confirmation, the Company shall have issued and electronically transferred the shares to the Broker indicated in the Conversion Notice; should the Company be unable to
          transfer the shares electronically, they shall, within two (2) Business Days after the date of the Conversion Confirmation, have surrendered to FedEx for delivery the next day to the address as specified in the Conversion Notice, a certificate,
          registered in the name of the Holder, for the number of shares of Common Stock to which the Holder shall be entitled.”

      

      

      Signature:

      

      

      

      

      Robert Finigan

      

      

      CEO

      

      

      XSport Global, Inc.

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