Document:

Exhibit 10.4

 

Exhibit
10.4

 

SURRENDER AND MUTUAL RELEASE AGREEMENT

 

This
Surrender and Mutual Release (“Agreement”) is made this
31stday of July, 2019, by and between PoC Capital, LLC, a
California limited liability company (“POC”) and
Exactus, Inc., a Nevada corporation (the “Company”)
(collectively the “Parties”).

 

WHEREAS, on or
about June 30, 2016, the Parties entered into a Stock and Warrant
Subscription Agreement (the “Subscription Agreement”),
under which POC subscribed for and received the following
securities issued to POC by the Company (collectively, the
“Securities”):

 

(A)
200,000 shares of restricted common stock, par value $0.0001 per
share [1,600,000 shares prior to the Company’s 1 for 8
reverse split effected March 11, 2019] (the “Common
Stock”);

 

(B)
warrants to purchase 208,333 shares of Common Stock exercisable at
$4.80 per share [1,666,667 warrants exercisable at $0.60 per share
prior to the Company’s 1 for 8 reverse split effected March
11, 2019] (the “Warrants”);

 

(C)
1,733,334 shares of Series C Convertible Preferred Stock, par value
$0.0001 per share (the “Series C Preferred Stock”),
and;

 

WHEREAS, as
consideration for the Securities acquired under the Subscription
Agreement, POC entered into a Master Services Agreement dated June
30, 2016 (the “Master Services Agreement”) with the
Company and Integrium, LLC, under which, among other things, POC
became obligated to fund up to the first $1,000,000 in certain
research study costs and fees which may become due to Integrium,
LLC under the Master Services Agreement; and

 

WHEREAS, POC and
the Company have agreed that some portion of the Securities shall
be surrendered for cancellation, and that the Parties shall release
and settle all obligations and potential claims and causes of
action whatsoever which may exist between them with regard to the
Subscription Agreement and the Master Services
Agreement,

 

THEREFORE, for and
in consideration of the promises and covenants herein contained,
and for other valuable consideration received, the sufficiency of
which is hereby expressly acknowledged, it is hereby mutually
agreed by and between the Parties hereto, and each of them, as
follows:

 

1. Surrender of Securities.
Effective upon the date of this Agreement, POC hereby agrees that
the Warrants, and the Series C Preferred Stock shall be null and
void and that POC shall have no further rights relating thereto.
Additionally, upon the date of this Agreement, POC hereby
surrenders 180,000 shares of Common Stock to the Company. The
Company will take all action necessary with regard to its transfer
agent and its books of account to cancel each of the Securities
listed above and will perform the necessary actions to remove the
restrictions on the remaining Common Stock. In addition, the
Company will use its best efforts to arrange and provide for, at
the Company’s expense, all proper and valid legal opinions
necessary for the deposit and trading of the remaining Common Stock
and any other Common Stock held by POC.

 

 

 

-1-

 

 

2. Definitions used in Sections 3 and
4. For purpose of Sections 3 and 4 of this Agreement, the
terms the “Company” and “POC” shall include
the following persons and/or entities: the named persons and/or
entities individually, jointly, severally and on behalf of their
respective affiliated and/or subsidiary companies and partnerships,
together with any and all past and present trustees, receivers,
board members, employees, officers, directors, shareholders,
partners, agents, representatives, subsidiaries, unincorporated
divisions, insurance carriers, sureties, consultants, attorneys,
successors, assigns, heirs, executors, administrators, tenants,
licensees, invitees, joint venturers, members and related persons,
predecessors, entities or companies.

 

3. POC’s Release of the
Company. With the exception of the obligations set forth in
this Agreement, POC hereby fully releases and discharges the
Company of and from all claims, actions, causes of action, demands,
rights, agreements, promises, liabilities, losses, damages, costs
and expenses, of every nature and character, description and
amount, either known or unknown, without limitation or exceptions,
whether based on theories of tort, fraud, misrepresentation,
contract, breach of contract, breach of the covenant of good faith
and fair dealing, violation of statute, ordinance, or any other
theory of liability or declaration of rights whatsoever, which POC
may now have or may hereinafter acquire against the Company,
whether asserted or not, arising from or related to, directly or
indirectly, the Master Services Agreement or the Subscription
Agreement.

 

4. Company’s Release of POC.
With the exception of the obligations set forth in this Agreement,
the Company hereby fully release and discharge POC of and from all
claims, actions, causes of action, demands, rights, agreements,
promises, liabilities, losses, damages, costs and expenses, of
every nature and character, description and amount, either known or
unknown, without limitation or exceptions, whether based on
theories of tort, fraud, misrepresentation, contract, breach of
contract, breach of the covenant of good faith and fair dealing,
violation of statute, ordinance, or any other theory of liability
or declaration of rights whatsoever, which the Company may now have
or may hereinafter acquire against POC, whether asserted or not,
arising from or related to, directly or indirectly, the Master
Services Agreement or the Subscription Agreement.

 

5. Scope of Release. Subject to the terms and
conditions stated herein, the Parties acknowledge and agree that
the release given above constitutes a full, complete, fair and
final release, including any and all disputes, claims or causes of
action, known or unknown, contingent or accrued which may now exist
between them. The Parties acknowledge that they are aware that
they, or their attorneys, may hereafter discover facts different
from or in addition to those which they or their attorney now know
or believe to be true with respect to the claims, demands, debts,
liabilities, accounts, obligations, and causes of action of every
kind so released, and each agrees that the general release so given
shall be and remain in effect as a full and complete release of the
Parties released thereby notwithstanding any such different or
additional facts.

 

6. Miscellaneous.

 

a. No Admission of Liability. Each
of the Parties agrees that this Agreement is a compromise and shall
never be treated as an admission of liability of any Party hereto
for any purpose, and that liability therefor is expressly denied by
each of the Parties.

 

b. Entire Agreement. This
Agreement constitutes the entire agreement between the Parties. All
negotiations, proposals, modifications and agreements prior to the
date hereof between the Parties are merged into this Agreement and
superseded hereby. There are no other terms, conditions, promises,
understandings, statements, or representations, express or implied,
concerning this Agreement unless set forth in writing and signed by
all of the Parties.

 

 

 

-2-

 

 

c. Amendments. This Agreement may
only be modified by an instrument in writing executed by the
Parties.

 

d. Attorneys' Fees. Should any
action (at law or in equity, including but not limited to an action
for declaratory relief) or proceeding be brought arising out of,
relating to or seeking the interpretation or enforcement of the
terms of this Agreement, or because of an alleged dispute, breach,
default or misrepresentation in connection with the terms of this
Agreement, the prevailing party, as decided by the Court, shall be
entitled to reasonable attorneys' fees and costs incurred in
addition to any other relief or damages which may be awarded. This
entitlement to fees shall include fees incurred in connection with
any appeal or bankruptcy proceeding.

 

e. Severance. Should any term,
part, portion or provision of this Agreement be decided or declared
by the Courts to be, or otherwise found to be, illegal or in
conflict with the applicable law of any State or of the United
States, or otherwise be rendered unenforceable or ineffectual, the
validity of the remaining parts, terms, portions and provision
shall be deemed severable and shall not be affected thereby,
providing such remaining parts, terms, portions or provisions can
be construed in substance to constitute the agreement that the
Parties intended to enter into in the first instance.

 

f. Successors and Assigns. This
Agreement shall be binding and inure to the benefit of the Parties,
their respective predecessors, parents, subsidiaries and affiliated
corporations, all officers, directors, shareholders, agents,
employees, attorneys, assigns, successors, heirs, executors,
administrators, and legal representatives of whatsoever kind or
character in privity therewith.

g. Counterparts. This Agreement
may be executed in multiple counterparts and by facsimile each of
which shall be an original, but all of which shall be deemed to
constitute one instrument. The delivery of an executed counterpart
of this Agreement by electronic means, including by facsimile or by
".pdf" attachment to email, shall be deemed to be valid delivery
thereof binding upon all the parties and shall be accepted by the
parties to this Agreement as valid and binding in lieu of original
signatures.

 

h. Governing Law. This Agreement
shall be governed by and construed exclusively in accordance with
the internal laws of the State of Nevada without regard to the
conflicts of laws principles thereof.

 

i. Understanding of Agreement. The
Parties each acknowledge that they have fully read the contents of
this Agreement and that they have had the opportunity to obtain the
advice of counsel of their choice, and that they have full,
complete and total comprehension of the provisions hereof and are
in full agreement with each and every one of the terms, conditions
and provisions of this Agreement. As such, the Parties agree to
waive any and all rights to apply an interpretation of any and all
terms, conditions or provisions hereof, including the rule of
construction that such ambiguities are to be resolved against the
drafter of this Agreement. For the purpose of this instrument, the
Parties agree that ambiguities, if any, are to be resolved in the
same manner as would have been the case had this instrument been
jointly conceived and drafted.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date set forth above their respective signatures
below.

 

PoC
Capital, LLC

 

 

 

By:
___________________________

     Daron
Evans, Managing Director

 

 

Exactus,
Inc.

 

 

 

By:
___________________________

     Kenneth
Puzder, CFO

 

 

 

-3-Exhibit
10.49

 

SECURITIES
PURCHASE AND ROYALTY AGREEMENT

 

This
SECURITIES PURCHASE AND ROYALTY AGREEMENT (the “Agreement”), dated as of July 23, 2019, by and between INVESTVIEW,
INC., a Nevada corporation, with headquarters located at 12 South 400 West, Salt Lake City, Utah 84101 (the “Company”),
and BRIAN MCMULLEN, an individual residing at 1804 Garnet Ave #383, San Diego CA 92109 (“McMullen”).

 

WHEREAS:

 

A.
The Company and McMullen are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the Securities Act of 1933, as amended (the “1933 Act”).

 

B.
McMullen desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement,
a convertible note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of US$3,600,000
(together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance
with the terms thereof, the “Note”), up to $2,600,000 of which is convertible into shares of common stock, $0.001
par value per share, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions
set forth in such Note.

 

C.
In light of all the circumstances and certain concessions made by McMullen, including the lack of interest on the Note and the
requirement that no minimum payments will be required under the Note through December 31, 2019, the parties intend that the Note
will include $2,600,000 in additional consideration, for a total of $3,600,000.

 

D.
The Company is currently establishing the APEX and the SAFETek Lease Program (the “Apex Program”). The Apex Program
is intended to be a direct sales plan through which customers of the Company’s could purchase an APEX unit from the Company
through its brand partners. The parties intend for repayment of the Note to be tied to sales under the Apex Program and that McMullen
will retain certain royalty rights to sales under the Apex Program even after the Note has been repaid or converted.

 

E.
McMullen has agreed to serve as a member of the Company’s board of directors, and the Company has determined that it is
in the best interest of the Company to increase the size of its board of directors from three members to four members and to appoint
McMullen to the vacancy created by that increase.

 

NOW
THEREFORE, the Company and McMullen severally (and not jointly) hereby agree as follows:

 

    	 

    	 

    

 

1.
PURCHASE AND SALE OF NOTE.

 

a.
Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to McMullen and McMullen agrees
to purchase from the Company such principal amount of Note as is set forth immediately below McMullen’s name on the signature
pages hereto.

 

b.
Form of Consideration. On the Closing Date (as defined below), (i) McMullen shall have delivered to the Company the total
of $1,000,000 in new funds, which shall consist of $400,000 previously provided to the Company on or about July 15, 2019, an additional
$400,000 to be provided to the Company in immediately available funds by wire transfer on or before July 23, 2019, an additional
$100,000 to be provided to the Company in immediately available funds by wire transfer on or before July 30, 2019, and a final
$100,000 to be offset against four weekly sales channel development payments of $25,000 due from the Company to McMullen, and
(ii) the Company shall deliver such duly executed Note on behalf of the Company, to McMullen.

 

c.
Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 5 and Section
6 below, the date and time of the issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall
be 12:00 noon, Eastern Standard Time on or about July 23, 2019, or such other mutually agreed upon time. The closing of the transactions
contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to
by the parties.

 

2.
REPRESENTATIONS AND WARRANTIES OF MCMULLEN. McMullen represents and warrants to the Company that:

 

a.
Investment Purpose. As of the date hereof, McMullen is purchasing the Note and the shares of Common Stock issuable upon
conversion of or otherwise pursuant to the Note (such shares of Common Stock being collectively referred to herein as the “Conversion
Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards
the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act;
provided, however, that by making the representations herein, McMullen does not agree to hold any of the Securities for any minimum
or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration
statement or an exemption under the 1933 Act.

 

b.
Accredited Investor Status. McMullen is an “accredited investor” as that term is defined in Rule 501(a) of
Regulation D (an “Accredited Investor”).

 

    	 	2	 

    	 

    

 

c.
Reliance on Exemptions. McMullen understands that the Securities are being offered and sold to it in reliance upon specific
exemptions from the registration requirements of the United States federal and state securities laws and that the Company is relying
upon the truth and accuracy of, and McMullen’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of McMullen set forth herein in order to determine the availability of such exemptions and the eligibility
of McMullen to acquire the Securities.

 

d.
Risk. McMullen understands that its investment in the Securities involves a significant degree of risk.

 

e.
No Knowledge of Breach. McMullen is not aware of any facts that may constitute a breach of any of the Company’s representations
and warranties made herein.

 

f.
Governmental Review. McMullen understands that no United States federal or state agency or any other government or governmental
agency has passed upon or made any recommendation or endorsement of the Securities.

 

g.
Transfer or Resale. McMullen understands that (i) the sale or resale of the Securities has not been and is not being registered
under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities
are sold pursuant to an effective registration statement under the 1933 Act, (b) McMullen shall have delivered to the Company
an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions
to the effect that the Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such registration,
which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate” (as defined
in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”)) of McMullen who agrees to sell or otherwise
transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor, (d) the Securities are sold
pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or a successor rule) (“Regulation
S”), and McMullen shall have delivered to the Company, at the cost of the Company, an opinion of counsel that shall be in
form, substance and scope customary for opinions of counsel in corporate transactions, which opinion shall be accepted by the
Company; (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule
and further, if said Rule is not applicable, any resale of such Securities under circumstances in which the seller (or the person
through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance
with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company
nor any other person is under any obligation to register such Securities under the 1933 Act or any state securities laws or to
comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the foregoing or anything else
contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona fide margin account
or other lending arrangement.

 

    	 	3	 

    	 

    

 

h.
Legends. McMullen understands that the Note and, until such time as the Conversion Shares have been registered under the
1933 Act may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular
date that can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form
(and a stop-transfer order may be placed against transfer of the certificates for such Securities):

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT.”

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security
upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for
sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation
S without any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such
holder provides the Company with an opinion of counsel, at the Company’s expense, in form, substance and scope customary
for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Security may be made
without registration under the 1933 Act, which opinion shall be accepted by the Company so that the sale or transfer is effected.
McMullen agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed,
in compliance with applicable prospectus delivery requirements, if any.

 

i.
Enforcement. This Agreement constitutes a valid and binding agreement of McMullen, enforceable in accordance with its terms.

 

    	 	4	 

    	 

    

 

j.
Residency. McMullen is a resident of the jurisdiction set forth in the preamble.

 

3.
REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents and warrants to McMullen that:

 

a.
Organization and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly
organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power
and authority (corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now
owned, leased, used, operated and conducted. The Company and each of its Subsidiaries is duly qualified as a foreign corporation
to do business and is in good standing in every jurisdiction in which its ownership or use of property or the nature of the business
conducted by it makes such qualification necessary except where the failure to be so qualified or in good standing would not have
a Material Adverse Effect. “Material Adverse Effect” means any material adverse effect on the business, operations,
assets, financial condition or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions
contemplated hereby or by the agreements or instruments to be entered into in connection herewith. “Subsidiaries”
means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly,
any equity or other ownership interest.

 

b.
Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this
Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance
with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation
by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance
and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized
by the Company’s Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its
shareholders is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative,
and such authorized representative is the true and official representative with authority to sign this Agreement and the other
documents executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution
and delivery by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the
Company enforceable against the Company in accordance with its terms.

 

c.
Capitalization. As of the date hereof, the authorized capital stock of the Company consists of: (i) 10,000,000,000 shares
of Common Stock, of which approximately 2,679,376,966 shares are issued and outstanding; and (ii) 10,000,000 shares of preferred
stock, $0.001 par value per share, of which no shares are issued and outstanding. All of such outstanding shares of capital stock
are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the
Company are subject to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances
imposed through the actions or failure to act of the Company.

 

    	 	5	 

    	 

    

 

d.
Issuance of Shares. The issuance of the Note is duly authorized and, upon issuance in accordance with the terms of this
Agreement, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, liens,
charges and other encumbrances with respect to the issue thereof. The Conversion Shares are duly authorized and reserved for issuance
and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable,
and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

 

e.
Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock
upon the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to
issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional
regardless of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

f.
No Conflicts. The execution, delivery and performance of this Agreement and the Note by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation
for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Articles of
Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default
(or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company
or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree
(including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the
Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset
of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments,
accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect).

 

    	 	6	 

    	 

    

 

g.
SEC Documents; Financial Statements. The Company has timely filed all reports, schedules, forms, statements and other documents
required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended
(the “1934 Act”) (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial
statements and schedules thereto and documents (other than exhibits to such documents) incorporated by reference therein, being
hereinafter referred to herein as the “SEC Documents”). The Company has delivered to McMullen true and complete copies
of the SEC Documents, except for such exhibits and incorporated documents. As of their respective dates, the SEC Documents complied
in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated thereunder
applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue
statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading. None of the statements made in any
such SEC Documents is, or has been, required to be amended or updated under applicable law (except for such statements as have
been amended or updated in subsequent filings prior the date hereof). As of their respective dates, the financial statements of
the Company included in the SEC Documents complied as to form in all material respects with applicable accounting requirements
and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance
with United States generally accepted accounting principles, consistently applied, during the periods involved and fairly present
in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates
thereof and the consolidated results of their operations and cash flows for the periods then ended (subject, in the case of unaudited
statements, to normal year-end audit adjustments). Except as set forth in the financial statements of the Company included in
the SEC Documents, the Company has no liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary
course of business subsequent to March 31, 2019, and (ii) obligations under contracts and commitments incurred in the ordinary
course of business and not required under generally accepted accounting principles to be reflected in such financial statements,
which, individually or in the aggregate, are not material to the financial condition or operating results of the Company. The
Company is subject to the reporting requirements of the 1934 Act. For the avoidance of doubt, filing of the documents required
in this Section 3(g) via the SEC’s Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) shall
satisfy all delivery requirements of this Section 3(g).

 

h.
Absence of Certain Changes. Since March 31, 2019, there has been no material adverse change and no material adverse development
in the assets, liabilities, business, properties, operations, financial condition, results of operations, prospects or 1934 Act
reporting status of the Company or any of its Subsidiaries.

 

i.
No Brokers. The Company has taken no action which would give rise to any claim by any person for brokerage commissions,
transaction fees or similar payments relating to this Agreement or the transactions contemplated hereby.

 

    	 	7	 

    	 

    

 

4.
COVENANTS.

 

a.
Best Efforts. The parties shall use their commercially reasonable best efforts to satisfy timely each of the conditions
described in Section 5 and 6 of this Agreement.

 

b.
Use of Proceeds. The Company shall use the proceeds from the sale of the Note for working capital and other general corporate
purposes and shall not, directly or indirectly, use such proceeds for any loan to or investment in any other corporation, partnership,
enterprise or other person (except in connection with its currently existing direct or indirect Subsidiaries).

 

c.
Financial Information; Insider Trading. Until the Note is repaid or converted into Common Stock, the Company shall provide
McMullen access to key financial information and worksheets, including (i) cash on hand, (ii) monthly expenses, (iii) daily sales,
(iv) commission reports, including adjustments sheet, (v) review of commissions report prior to payout, and (vi) attendance at
the weekly management call. McMullen acknowledges that this may include material nonpublic information and covenants that he will
comply with the Company’s insider trading policy.

 

d.
Corporate Existence. So long as McMullen beneficially owns any Note, the Company shall maintain its corporate existence
and shall not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or
sale of all or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i)
assumes the Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith
and (ii) is a publicly traded corporation whose common stock is quoted or listed for trading on the OTCBB, OTCQB, Nasdaq, NasdaqSmallCap,
NYSE or NYSE MKT.

 

e.
Group Volume Payments. Under the Company’s existing payment structure, the Company will make payments of 10% of Group
Volume monthly beginning on February 15, 2020, for the period beginning January 1, 2020. If those payments are not made, a one-time
penalty of 10% shall be imposed on any monthly amount not paid. Beginning July 1, 2020, the one-time penalty for nonpayment shall
be increased to 20% for any monthly amount owed.

 

f.
No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances
that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of
the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval
provision applicable to the Company or its securities.

 

    	 	8	 

    	 

    

 

g.
Failure to Comply with the 1934 Act. So long as McMullen beneficially owns the Note, the Company shall comply with the
reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934
Act.

 

h.
Lock-up. McMullen covenants that he will not sell any shares received upon conversion of any portion of the Note for at
least two years from the date of the conversion and that any shares issued upon conversion may include a restrictive legend describing
the terms of this lock-up agreement.

 

i.
Legal Counsel Opinions. Upon the request of McMullen from to time to time, the Company shall be responsible (at its cost)
for promptly supplying to the Company’s transfer agent and McMullen a customary legal opinion letter of its counsel (the
“Legal Counsel Opinion”) to the effect that the sale of Conversion Shares by McMullen or its affiliates, successors
and assigns is exempt from the registration requirements of the 1933 Act pursuant to Rule 144 (provided the requirements of Rule
144 are satisfied and provided the Conversion Shares are not then registered under the 1933 Act for resale pursuant to an effective
registration statement). Should the Company’s legal counsel fail for any reason to issue the Legal Counsel Opinion, McMullen
may (at the Company’s cost) secure another legal counsel to issue the Legal Counsel Opinion, and the Company will instruct
its transfer agent to accept such opinion.

 

j.
Breach of Covenants. The Company agrees that if the Company breaches any of the covenants set forth in this Section 4,
and in addition to any other remedies available to McMullen pursuant to this Agreement, it will be considered an Event of Default
under Section 3.4 of the Note.

 

5.
CONDITIONS PRECEDENT TO THE COMPANY’S OBLIGATIONS TO SELL. The obligation of the Company hereunder to issue and sell
the Note to McMullen at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions
thereto, provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time
in its sole discretion:

 

a.
McMullen shall have executed this Agreement and delivered the same to the Company.

 

b.
McMullen shall have delivered the consideration in accordance with Section 1(b) above.

 

c.
The representations and warranties of McMullen shall be true and correct in all material respects as of the date when made and
as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date),
and McMullen shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by McMullen at or prior to the Closing Date.

 

    	 	9	 

    	 

    

 

d.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this
Agreement.

 

6.
CONDITIONS PRECEDENT TO MCMULLEN’S OBLIGATION TO PURCHASE. The obligation of McMullen hereunder to purchase the Note
at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that
these conditions are for McMullen’s sole benefit and may be waived by McMullen at any time in its sole discretion:

 

a.
The Company shall have executed this Agreement and delivered the same to McMullen.

 

b.
The Company shall have delivered to McMullen the duly executed Note in accordance with Section 1(b) above.

 

c.
The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to a majority-in-interest of McMullen, shall have
been delivered to and acknowledged in writing by the Company’s Transfer Agent.

 

d.
The representations and warranties of the Company shall be true and correct in all material respects as of the date when made
and as of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific
date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date.

 

e.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this
Agreement.

 

f.
No event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but
not limited to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934
Act reporting obligations.

 

    	 	10	 

    	 

    

 

7.
ROYALTY. Once the Note has been paid in full or fully converted into Common Stock of the Company, McMullen shall receive
a royalty of $100 per sale under the Apex Program, for as long as the Apex Program continues to exist.

 

8.
MUTUAL RELEASE.

 

a.
Except as provided in this Agreement, the Company, on behalf of itself and its officers, directors, employees, attorneys, agents,
and assigns, hereby fully and forever releases McMullen and his attorneys, agents, heirs and assigns from any claim, duty, obligation,
covenant, undertaking, or cause of action whether known or unknown, suspected or unsuspected, that it may possess arising from
any omissions, acts, or facts that have occurred up until and including the date of this Agreement. The Company agrees that the
release set forth in this section will be and remain in effect in all respects as a complete and general release as to the matters
released. This release does not extend to any obligations incurred under this Agreement.

 

b.
Except as provided in this Agreement, McMullen, on behalf of his attorneys, agents, heirs and assigns, hereby fully and forever
releases the Company and its officers, directors, employees, attorneys, agents, and assigns from any claim, duty, obligation,
covenant, undertaking, or cause of action whether known or unknown, suspected or unsuspected, that he may possess arising from
any omissions, acts, or facts that have occurred up until and including the date of this Agreement. McMullen agrees that the release
set forth in this section will be and remain in effect in all respects as a complete and general release as to the matters released.
This release does not extend to any obligations incurred under this Agreement.

 

9.
GOVERNING LAW; MISCELLANEOUS.

 

a.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Agreement, the Note or any other agreement, certificate, instrument or document contemplated hereby shall be brought only
in the state courts of Utah or in the federal courts located in the state of Utah. The parties to this Agreement hereby irrevocably
waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack
of jurisdiction or venue or based upon forum non conveniens. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE
TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR UNDER ANY OTHER TRANSACTION DOCUMENT
OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR ANY TRANSACTION CONTEMPLATED HEREBY
OR THEREBY. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or
unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail
or overnight delivery (with evidence of delivery) to such party at the address in effect for 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 other manner permitted by law.

 

    	 	11	 

    	 

    

 

b.
Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original but all of which shall constitute one and the same agreement and shall become effective when counterparts
have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to
the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering
this Agreement.

 

c.
Construction; Headings. This Agreement shall be deemed to be jointly drafted by the Company and McMullen and shall not
be construed against any person as the drafter hereof. The headings of this Agreement are for convenience of reference only and
shall not form part of, or affect the interpretation of, this Agreement.

 

d.
Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall
be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other provision hereof.

 

e.
Entire Agreement; Amendments. This Agreement, the Note and the instruments referenced herein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither the Company nor McMullen makes any representation, warranty, covenant or undertaking with respect to such matters. No
provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest
of McMullen.

 

f.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, email, or facsimile, addressed as set forth below or to such other address as
such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be
given hereunder shall be deemed effective (a) upon hand delivery or delivery by email or facsimile, with accurate confirmation
generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during
normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other
than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following
the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing,
whichever shall first occur. The addresses for such communications shall be:

 

    	 	12	 

    	 

    

 

If
to the Company, to:

 

Investview,
Inc.

12
South 400 West

Salt
Lake City, Utah 84101

Attn:
Annette Raynor, CEO

E-mail:
annette@investview.com

 

With
a copy to (which copy shall not constitute notice):

 

Michael
Best & Friedrich, LLP

170
South Main Street, Suite 1000

Salt
Lake City, UT 84101

Attn:
Kevin C. Timken

E-mail:
kctimken@michaelbest.com

 

If
to McMullen:

 

Brian
McMullen

1804
Garnet Ave. #383

San
Diego, CA 92109

E-mail:
mlmapprentice@aol.com

 

Each
party shall provide notice to the other party of any change in address.

 

g.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and assigns. Neither the Company nor McMullen shall assign this Agreement or any rights or obligations hereunder without the prior
written consent of the other.

 

h.
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.
Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement
shall survive the closing hereunder not withstanding any due diligence investigation conducted by or on behalf of McMullen. The
Company agrees to indemnify and hold harmless McMullen and all their officers, directors, employees and agents for loss or damage
arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and
covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses
as they are incurred.

 

    	 	13	 

    	 

    

 

j.
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

k.
No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to
express their mutual intent, and no rules of strict construction will be applied against any party.

 

l.
Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to McMullen
by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy
at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened
breach by the Company of the provisions of this Agreement, that McMullen shall be entitled, in addition to all other available
remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining,
preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity
of showing economic loss and without any bond or other security being required.

 

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

 

n.
Indemnification. In consideration of McMullen’s execution and delivery of this Agreement and acquiring the Securities
hereunder, and in addition to all of the Company’s other obligations under this Agreement or the Note, the Company shall
defend, protect, indemnify and hold harmless McMullen and its stockholders, partners, members, officers, directors, employees
and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation,
those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”),
incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation
or warranty made by the Company in this Agreement or the Note or any other agreement, certificate, instrument or document contemplated
hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in this Agreement or the Note
or any other agreement, certificate, instrument or document contemplated hereby or thereby or (c) any cause of action, suit or
claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action brought on behalf
of the Company) and arising out of or resulting from (i) the execution, delivery, performance or enforcement of this Agreement
or the Note or any other agreement, certificate, instrument or document contemplated hereby or thereby, (ii) any transaction financed
or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance of the Securities, or (iii) the
status of McMullen or holder of the Securities as an investor in the Company pursuant to the transactions contemplated by this
Agreement. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under
applicable law.

 

    	 	14	 

    	 

    

 

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

 

	INVESTVIEW,
    INC.	 
	 	 
	 	 
	Annette
    Raynor, Chief Executive Officer	 
	 	 
	BRIAN
    MCMULLEN	 
	 	 
	 	 

 

    	 	15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]