Document:

NEITHER
THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY
THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES
ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF1933,
AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS.
THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED
OR ASSIGNED 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. NOTWITHSTANDING THE
FOREGOING, THE SECURITIES
MAY BE PLEDGED IN
CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED
BY THE SECURITIE.S

 

 

Principal Amount:
$63,000.00 Purchase
Price: $63,000.00

 

Issue
Dat e:
May 19, 2017

 

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED,
AIM EXPLORATION IN C.,
a Nevada corporation
(hereinafter called the "Borrower"), hereby promises
to pay to the order of POWER UP LENDING GROUP LTD.,
a Virginia corporation, or registered assigns
(the "Holder") the sum of
$63,000.00
together with any interest
as set forth herein,
on February 28, 2018 (the "Maturity Date"), and
to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%)(the "Int
erest Rate") per annum
from the date hereof (the
"Issue
Date") until
the sam
e becomes due and payable,
whether at maturity
or upon acceleration or by
prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth
herein. Any amount of principal or interest on
this Note
which is
not paid
when due shall bear
interest at the rate of twenty two percent (22%)
per annum from the due date thereof until the same is paid
("Default Interest" ).
Interest shall commence accruing on the date that the
Note
is fully paid and shall
be computed on the basis of
a 365-day year and the actual number of
days elapsed. All payments due hereunder (to the extent not converted into common stock, $0.001par value per
share (the "Common Stock") in accordance
with the terms hereof)
shall be made
in lawful money of the
United States
of America. All payments shall be
made at such address as the Holder shall hereafter give to the Borrower
by written notice made in accordance with theprovisions of this
Note. Each capitalized term used herein, and not otherwise
defined, shall have the meaning ascribed
thereto in that certain
Secu rities Purchase
Agreement dated the date hereof, pursuant to which this Note was
originally issued (the "Purchase Agreement").

 

This
Note is 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 Borrower and will not impose personal liability upon the holder thereof.

 

The following
terms shall apply to this Note:

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1                
Conversion Right.
The Holder shall have
the
right from time
to time, and at any
time during the period beginning
on the date which is one hundred eighty (180) days following the date of this Note
and ending on the later of:
(i) the Maturity
Date and (ii) the date of
payment of the
Default Amount
(as defined in Article
Ill),
each in respect
of the remaining outstanding
principal amount of
this

 

    	 	1	 

    	 

    

 

Note
to convert all or any part of
the outstanding and unpaid principal
amount of this Note into fully paid
and non-assessable shares of Common Stock, as such
Common Stock exists on the Issue Date, or any shares of
capital stock or other securities of the Borrower into
which such Common Stock shall
hereafter be changed or
reclassified at the conversion price (the "Conversion
Price") determined as provided herein (a "Conversion");
provided, however,
that in no event shall
the Holder be entitled to convert any portion of this Note
in excess of that portion of this Note upon conversion
of which the sum
of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates
(other than shares of Common Stock
which may be deemed beneficially
owned through the ownership
of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject
to a limitation on conversion or
exercise analogous to the limitations contained herein)
and (2) the number of shares of Common Stock issuable upon
the conversion of the
portion of this Note with respect to which the
determination of this proviso
is being made, would
result in beneficial ownership
by the Holder and its affiliates of more than 4.99%
of the outstanding shares of
Common Stock . For
purposes of the proviso 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 (the "Exchange Act"), and Regulations
13D-G thereunder, except
as otherwise provided in clause (1) of such proviso. The beneficial ownership
limitations on conversion as set forth
in the section may NOT be waived by the Holder.
The number of shares of Common
Stock to be issued
upon each conversion of this Note shall be determined
by dividing the Conversion Amount (as defined
below) by the applicable Conversion Price then in effect on the
date specified in the notice of conversion, in the form
attached hereto as Exhibit A (the "Notice of
Conversion"), delivered to the
Borrower by the Holder in accordance with
Section 1.4 below; provided that
the Notice of Conversion is submitted by facsimile or e-mail (or
by other means resulting in, or reasonably expected
to result in, notice) to
the Borrower before 6:00 p.m.,
New York, New York time on
such conversion date (the "Conversion Date"); however, if the Notice of Conversion
is sent after 6:00pm, New
York, New York time the Conversion Date shall be the
next business day. The term
"Conversion Amount" means. with respect to any
conversion of this Note, the sum of (1) the principal
amount of this Note to be converted in such conversion
(2) at the Holder's option, accrued and unpaid interest,
if any, on such principal
amount at the
interest rates provided
in this Note to the
Conversion Date. plus
(3) at the Holder's option,
Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or
(2)

(4) at
the Holder's option, any amounts owed to
the Holder pursuant to Sections 1.4 hereof.

 

1.2              
Conversion Price.
The conversion price (the "Conversion Price")
shall equal the
Variable Conversion Price (as
defined herein) (subject
to equitable adjustments by the Borrower relating to the Borrower's securities
or the securities of any
subsidiary of the Borrower, combinations,
recapitalization, reclassifications, extraordinary
distributions and similar events). The "Variable Conversion Price" shall mean 61% multiplied
by the Market Price (as defined herein) (representing a
discount rate of 39%). "Market Price"
means the average of the lowest two (2) Trading Prices (as defined below) for
the Common Stock during the fifteen
(15) Trading Day period
ending on the latest complete Trading Day prior to the
Conversion Date. "Trading
Price" means, for any security as of
any date, the closing bid
price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable
trading market (the "OTC") as reported
by a reliable reporting
service ("Reporting Service")
designated by the Holder (i.e. Bloomberg) or, if the
OTC is not the principal trading market for such security, the closing bid
price of such
security on the principal
securities exchange or
trading market where such
security is listed or traded or, if
no closing bid price of such
security is available
in any of the foregoing
manners, the average of the closing bid prices of any market makers
for such security
that are listed in
the "pink sheets". If
the Trading Price cannot be calculated
for such security on such
date in the manner provided above,
the Trading Price shall
be the fair
market value as mutually
determined by the Borrower and the holders of a
majority in interest of the Notes
being converted for
which the calculation of the Trading Price is required in
order to determine the Conversion Price of
such Notes. ''Trading Day"
shall mean any day on
which the

 

    	 	2	 

    	 

    

Common
Stock is tradable for any period on
the OTC, or on the principal securities exchange or other securities
market on which the
Common Stock is then being traded.

 

1.3               
Authorized Shares. The Borrower covenants that during
the period the conversion
right exists, the Borrower
will reserve from its authorized and unissued Common Stock a
sufficient number of shares,
free from preemptive rights,
to provide for the issuance of Common
Stock upon the full conversion
of this Note issued pursuant to the Purchase Agreement. The Borrower
is required at all times
to have authorized
and reserved 96,823,770 times
the number of
shares that would be issuable
upon full conversion of the Note (assuming that the 4.99%
limitation set forth in Section 1.1 is not in effect)(based on
the respective Conversion
Price of the Note
(as defined in Section 1.2)
in effect from time to
time, initially )(the "Reserved Amount")
. The Reserved Amount shall
be increased (or decreased
with the writt en
consent of the Holder) from time to time
in accordance with the Borrower's
obligations hereunder. The Borrower represents
that upon issuance, such shares will
be duly and validly issued,
fully paid and non-assessable. In addition, if the
Borrower shall issue any
securities or make any
change to its capital structure
which would change the number
of shares of Common Stock into which the
Notes shall be convertible at the then current Conversion Price, the
Borrower shall at the same time
make proper provision so that thereafter there shall
be a sufficient
number of shares of Common Stock authorized and reserved,
free from preemptive rights,
for conversion of the outstanding
Note. The Borrower (i) acknowledges that it
has irrevocably issues to Holder a fully executed irrevocable issuance resolution
(the "Irrevocable Transfer
Agent Resolution") to
be completed by the Holder
and delivered to the Borrower's
transfer agent, by
the Holder together with
a conversion notice and appropriate
opinion of counsel in connection with each conversion of this Note;
and the Borrower hereby
gives Buyer the authority
to complete and deliver the
Irrevocable Transfer Agent
Resolution to the Borrower's transfer agent in
connection with each conversion of
the Note, and (ii) agrees that
its issuance of this Note shall constitute full authority to its officers and
agents who are charged
with the duty of executing stock certificates to execute and issue the necessary certificates for shares of
Common Stock in accordance
with theterms
and conditions of this Note.

 

If,
at any time the Borrower does not maintain the
Reserved Amount (or does not have
sufficient shares in its treasury stock to
issue shares in connection with any Conversion Notice)
it will be considered
an Event of Default under Section 3.2 of the Note.

 

		1.4	Method of Conversion.

 

(a)         
Mechanics of Conversion. As
set forth in Section 1.1 hereof, from time to time, and at any time during the period
beginning on the date which
is one hundred eighty (180)
days following the date of this Note and ending on the later of:
(i) the Maturity Date and (ii)
the date of payment of the Default
Amount, this Note may
be converted by the
Holder in whole
or in part at
any time from time to time after the Issue Date, by (A) submitting to
the Borrower a Notice of
Conversion (by facsimile,
e-mail or other reasonable means
of communication dispatched
on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B)
subject to Section 1.4(b),
surrendering this Note
at the principal
office of the Borrower
(upon payment in full of any
amounts owed hereunder).

 

(b)         
Surrender of Note
Upon Conversion. Notwithstanding anything
to the contrary set forth
herein, upon conversion of this Note
in accordance with the terms
hereof, the Holder shall not be required to
physically surrender this
Note to the
Borrower unless the entire
unpaid principal amount of this Note is
so converted. The Holder and the Borrower shall maintain records showing
the principal amount so
converted and the dates
of such conversions or
shall use such other method,

 

    	 	3	 

    	 

    

 

reasonably
satisfactory to the Holder and
the Borrower, so as
not to require physical
surrender of this Note upon each such
conversion.

 

(c)         
Delivery of Common
Stock Upon Conversion.
Upon receipt by the
Borrower from the Holder
of a facsimile transmission
or e-mail (or other reasonable means of communication) of a
Notice of Conversion meeting the
requirements for conversion as
provided in this Section 1.4, the Borrower shall issue and
deliver or cause to be issued and
delivered to or upon the
order of the Holder certificates
for the Common Stock
issuable upon such conversion within
three (3) business days after
such receipt (the "Deadline") (and, solely in the
case of conversion
of the entire
unpaid principal amount hereof,
surrender of this Note)
in accordance with the
terms hereof and the
Purchase Agreement. Upon receipt
by the Borrower of a Notice
of Conversion, the
Holder shall be deemed
to be the holder of record of the Common Stock issuable upon such conversion,
the outstanding principal
amount and the amount of accrued and
unpaid interest on this
Note shall be reduced
to reflect such conversion,
and, unless the Borrower
defaults on its obligations hereunder, all rights
with respect to the
portion of this Note being
so converted shall forthwith terminate except the
right to receive the
Common Stock or
other securities, cash or other
assets, as herein provided, on
such conversion. If
the Holder shall have
given a Notice of Conversion
as provided herein,
the Borrower's obligation to issue
and deliver the certificates for
Common Stock shall be absolute and unconditional, irrespective of the absence of any action by
the Holder to enforce
the same, any waiver
or consent with respect
to any provision
thereof, the recovery of any judgment
against any person
or any action to enforce
the same, any failure
or delay in the enforcement
of any other obligation of the Borrower to the holder of record, or any setoff,
counterclaim, recoupment, limitation or
termination, or any
breach or alleged breach by the Holder of any obligation to the
Borrower, and irrespective
of any other
circumstance which might otherwise
limit such obligation of the Borrower to the Holder
in connection with
such conversion.

 

(d)          Delivery
of Common Stock by Electronic Transfer.
In lieu of delivering physical certificates representing the Common Stock
issuable upon conversion, provided the Borrower is participating
in the Depository Trust Company ("OTC") Fast Automated Securities Transfer
("FAST") program, upon request of the Holder and its
compliance with the provisions
set forth herein, the Borrower shall
use its best efforts
to cause its transfer agent to
electronically transmit the Common Stock issuable
upon conversion to
the Holder by crediting the account of Holder's
Prime Broker with OTC through its Deposit Withdrawal Agent Commission
("DWAC") system.

 

(e)         
Failure to Deliver
Common Stock Prior to
Deadline.
Without in any
way limiting the Holder's right to pursue other remedies, including actual
damages and/or equitable relief, the
parties agree that if delivery of the
Common Stock issuable upon conversion
of this Note is not delivered by the Deadline due to action
and/or inaction of
the Borrower, the Borrower
shall pay to
the Holder

$2,000
per day in cash, for each day beyond the Deadline that
the Borrower fails to deliver such Common
Stock (the "Fail to Deliver Fee"); provided;
however that the Fail to Deliver Fee shall not be due if
the failure is a result
of a third party (i.e., transfer agent;
and not the result of any
failure to pay such transfer agent) despite the best
efforts of the Borrower to effect delivery of such Common Stock.
Such cash amount shall be paid to Holder
by the fifth day of the month
following the month in which it has accrued or, at the
option of the Holder (by written notice to the
Borrower by the first day of the month following the
month in which it has accrued), shall be added to the
principal amount of this Note,
in which event interest shall accrue
thereon in accordance with the terms of this Note and
such additional principal
amount shall be convertible into Common Stock in accordance with the terms
of this Note. The Borrower
agrees that the right
to convert is a valuable right to the
Holder. The damages resulting
from a failure, attempt to
frustrate, interference with such conversion right are
difficult if not impossible to qualify.

 

    	 	4	 

    	 

    

 

Accordingly,
the parties acknowledge that the liquidated damages provision contained in this Section 1.4(e)
are justified.

 

l.5
Concerning the Shares. The shares of Common
Stock issuable upon conversion of this Note
may not be sold or transferred unless: (i)
such shares are sold
pursuant to an effective
registration statement under
the Act or (ii) the
Borrower or its transfer agent
shall have been furnished with an
opinion of counsel (which opinion shall be in form, substance and scope customary for opinions
of counsel in comparable transactions) to the
effect that the shares to be
sold or transferred may be sold
or transferred pursuant to an exemption from such registration
(such as Rule 144 or a successor rule) ("Rule 144");
or (iii) such shares are transferred to an "affiliate"
(as defined in Rule 144) of the Borrower who agrees
to sell or otherwise transfer the shares only
in accordance with this Section 1.5 and
who is an Accredited Investor
(as defined in the Purchase Agreement).

 

Any
restrictive legend on certificates representing
shares of Common Stock issuable
upon conversion of this Note
shall be removed and the Borrower shall issue to the Holder a
new certificate therefore free of any transfer legend if the Borrower or its transfer agent
shall have received an opinion
of counsel from Holder's counsel,
in form, substance and scope customary for opinions of
counsel in comparable transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration
under the Act, which
opinion shall be accepted
by the Company so that the
sale or transfer is effected; or (ii) in
the case of the Common Stock issuable upon
conversion of this Note, such
security is registered for sale by the Holder under an effective registration statement
filed under the Act; or otherwise may be sold pursuant
to an exemption from registration. In the event
that the Company does
not reasonably accept the opinion of counsel
provided by the Holder with respect to the
transfer of Securities pursuant to an exemption from registration (such as
Rule 144), at the Deadline,
it will be considered an Event of
Default pursuant to Section 3.2 of the Note.

 

1.6        
Effect of Certain Events.

 

(a)                
Effect of Merger. Consolidation. Etc. At the option of the Holder,
the sale, conveyance or disposition
of all or substantially all of the assets
of the Borrower, the effectuation
by the Borrower of a transaction
or series of related transactions in which more
than 50% of the
voting power of the Borrower is disposed of, or the
consolidation, merger or other business combination of the Borrower with
or into any other Person (as defined below)
or Persons when the Borrower is
not the survivor shall
be deemed to be an
Event of Default (as defined in
Article Ill) pursuant
to which the Borrower
shall be required to pay to the Holder
upon the consummation of and as
a condition to such
transaction an amount
equal to the Default Amount (as defined
in Article Ill). "Person"
shall mean any individual,
corporation, limited liability company,
partnership, association,
trust or other entity
or organization.

 

(b)               
Adjustment Due
to Merger. Consolidation. Etc.
If, at any time when this Note is issued and outstanding and prior to
conversion of all of the Note, there
shall be any merger,
consolidation, exchange of shares, recapitalization, reorganization,
or other similar event,
as a result of which shares
of Common Stock of the Borrower shall
be changed into the
same or a different number of shares of another class
or classes of stock or securities of the
Borrower or another entity,
or in case of any sale or conveyance
of all or substantially
all of the assets
of the Borrower other than in connection with a
plan of complete liquidation of the
Borrower, then the Holder of
this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and
conditions specified herein
and in lieu of the
shares of Common
Stock immediately theretofore issuable
upon conversion, such stock,
securities or assets which the Holder would have been entitled to
receive in such transaction
had

 

    	 	5	 

    	 

    

 

this
Note been converted in full immediately
prior to such transaction
(without regard to any limitations on conversion set forth herein), and in
any such case appropriate
provisions shall be
made with respect to the rights and interests
of the Holder of this
Note to the end that the
provisions hereof (including, without
limitation, provisions for adjustment
of the Conversion Price and
of the number of shares issuable upon
conversion of the Note) shall
thereafter be applicable,
as nearly as may be
practicable in relation to any
securities or assets
thereafter deliverable upon
the conversion hereof. The Borrower shall not affect any
transaction described in this Section l.6(b) unless (a) it first
gives, to the extent practicable,
ten (10) days prior
written notice (but in any event at least
five (S) days prior written notice) of the
record date of the special meeting of shareholders
t o approve, or if there is no such
record date, the consummation
of, such merger, consolidation,
exchange of shares, recapitalization,
reorganization or other similar
event or sale of assets (during which time the Holder shall
be entitled to convert this Note) and (b) the resulting
successor or acquiring entity (if not the Borrower) assumes by written instrument the
obligations of this Note.
The above provisions shall similarly apply to successive
consolidations, mergers, sales, transfers or share exchanges.

 

(c)                 Adjustment
Due to Distribution. If the Borrower 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 Borrower'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.

 

1.7         
Prepayment
. Notwithstanding
anything to the contrary contained in this
Note, at any time during the periods
set forth on the table
immediately following this paragraph (the
"Prepayment Periods"),
the Borrower shall
have the right,
exercisable on not
more than three (3) Trading Days prior written notice to the Holder
of the Note to prepay the outstanding Note (principal and accrued interest),
in full, in accordance with
this Section 1.7.
Any notice of prepayment
hereunder (an "Optional Prepayment
Notice") shall be delivered to the Holder of the Note at its registered addresses and shall
state: (1) that
the Borrower is exercising its right
to prepay the Note, and
(2) the date of
prepayment which shall be
not more than three
(3) Trading Days from the date
of the Optional Prepayment Not ice. On
the date fixed for prepayment
(the "Optiona l
Prepayment Date"
), the Borrower
shall make payment of
the Optional Prepayment Amount
(as defined below) to Holder,
or upon the direction
of the Holder
as specified by the Holder in a writing
to the Borrower (which
direction shall
to be sent to Borrower
by the Holder at least one (1) business day
prior to the
Optional Prepayment Date). If
the Borrower exercises
its right to prepay
the Note, the Borrower
shall make payment to the
Holder of an amount
in cash equal to the percentage
("Prepayment Percentage")
as set forth in the table
immediately following this paragraph opposite the applicable
Prepayment Period, multiplied
by the sum
of: (w) the then
outstanding principal amount of this Note (x) accrued
and unpaid interest on
the unpaid principal amount
of this Note to the Optional
Prepayment Date (y) Default
Interest, if any,
on the amounts
referred to in clauses (w)
and (x) plus
(z) any amounts
owed to the
Holder pursuant to Section
1.4 hereof (the "Optional Prepayment
Amount" ).
If
the Borrower
delivers an
Optional Prepayment Notice and fails to pay the Optional Prepayment Amount
due to the Holder
of the Note within
two (2) business
days following the Optional
Prepayment Date, the Borrower shall forever
forfeit its right to prepay
the Note pursuant
to this Section 1.7.

 

 

Prepayment
PeriodPrepayment
Percentage

 

    	 	6	 

    	 

    

 

	1. The period beginning on the Issue Date and ending on the date which is thirty (30} days following the Issue Date.	110%
	
        2.       The
        period beginning on the date which is
        thirty-one (31} days following the Issue
        Date and ending on the date which is

        sixty (60)
        days following the Issue Date.
	113%
	
        3.       The
        period beginning on the date
        which is sixty-one (61} days following the Issue Date and ending on the date which is

        ninety (90) days following
        the Issue Date.
	116%
	
        4.       The
        period beginning on
        the date that is ninety-one

        (91) day from
        the Issue Date and
        ending one hundred twenty (120)

        days following
        the Issue Date.
	119%
	
        5.       The
        period beginning on the date that is one hundred twenty -one
        (121) day from the Issue Date
        and ending one hundred

        fifty
        (150) days following
        the Issue Date.
	121%
	6.
    The period beginning on the date that is one hundred fifty-one (151) day from
    the Issue Date and
    ending one hundred eighty
    (180) days following the Issue Date.	123%

 

After
the expiration of one hundred eighty (180) days following
the Issue Date, the Borrower
shall have no right of prepayment

 

ARTICLE II .
CERTAIN COVENANTS

 

2.1 Sale of Assets. So
long as the Borrower shall have any obligation
under this Note, the Borrower shall not,
without the Holder's written consent, sell, lease or otherwise
dispose of any significant portion of its
assets outside the ordinary course of business. Any consent
to the disposition
of any assets may be conditioned on a specified use
of the proceeds of disposition.

 

ARTICLE
Ill . EVENTS OF
DEFAULT

 

If any
of the following events of default (each, an
"Event of Default") shall occur:

 

3.1              
Failure to Pay
Principal and
Interest. The Borrower
fails to pay the
principal hereof or
interest thereon when due
on this Note,
whether at maturity or
upon acceleration
and such breach continue s
for a period of five (5) days after written notice from the Holder.

 

3.2              
Conversion and the Shares. The Borrower fails to
issue shares of Common Stock to the Holder (or announces or threatens in
writing that it will not honor its obligation to do
so) upon exercise
by the Holder of the conversion
rights of the Holder
in accordance with the terms of this Note,
fails to transfer or cause its transfer
agent to transfer (issue) (electronically or in
certificated form) any certificate for
shares of Common Stock issued to the Holder upon conversion of or
otherwise pursuant to
this Note as and when required by this Note, the Borrower directs its transfer
agent not to transfer or delays,
impairs,
and/or
hinders its transfer
agent in transferring
(or issuing)
(electronically or in
certificated form) any
certificate for shares
of Common Stock to be
issuedto the Holder
upon conversion
of or other wise
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 it
s transfer agent from
removing) any restrictive
legend (or to withdraw any stop transfer instructions in respect thereof)
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

    	 	7	 

    	 

    

not intend to
honor the obligations described in this paragraph)
and any such failure
shall continue uncured (or any written announcement,
statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days
after the Holder shall have delivered a Notice of
Conversion. It is an obligation of the Borrower
to remain current in its obligations to its transfer agent. It shall be an
event of default of this Note, if a conversion
of this Note is delayed, hindered or frustrated due
to a balance owed by the Borrower to its transfer agent .If at the option of the Holder, the Holder
advances any funds to the Borrower's transfer agent in order
to process a conversion, such advanced
funds shall be paid
by the Borrower to the Holder within forty-eight
(48) hours of a demand from the Holder.

 

3.3              
Breach of Covenants.
The Borrower breaches any material
covenant or other material term or condition
contained in this Note
and any collateral documents including
but not limited to the Purchase Agreement and such breach continues for a
period of twenty (20) days after
written notice thereof to the Borrower from
the Holder.

 

3.4              
Breach of Representations and Warranties.
Any representation or
warranty of the Borrower made herein or in
any agreement, statement
or certificate given in writing pursuant hereto or in connection
herewith (including, without
limitation, the Purchase
Agreement), shall be false or misleading in any material respect
when made and the
breach of which
has (or with the passage of time will have) a material adverse effect on the
rights of the Holder with respect to
this Note or the Purchase
Agreement.

 

3.5              
Receiver or Trustee. The Borrower or any subsidiary of the Borrower
shall make an assignment for the benefit
of creditors, or apply for
or consent to
the appointment of
a receiver or trustee for it
or for a substantial part
of its property or business,
or such a receiver or trustee
shall otherwise be appointed.

 

3.6               Bankruptcy.
Bankruptcy, insolvency, reorganization
or liquidation proceedings or other proceedings,
voluntary or involuntary, for relief under any bankruptcy law
or any law for the relief of debtors shall be instituted
by or against the Borrower or any
subsidiary of the Borrower.

 

3.7               Delisting
of Common Stock. The Borrower
shall fail to maintain the
listing of the Common Stock on at least
one of the OTC (which
specifically includes the quotation platforms maintained by the OTC Markets
Group) or an equivalent replacement exchange,
the Nasdaq National Market, the Nasdaq
Small Cap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.8              
Failure to Comply with the
Exchange Act.
The Borrower shall fail to
comply with the reporting requirements of the Exchange Act; and/or
the Borrower shall cease
to be subject to the
reporting requirements of the
Exchange Act.

 

3.9              
Liquidation. Any
dissolution, liquidation, or
winding up of Borrower
or any substantial portion
of its business.

 

3.10          
Cessation of
Operations.
Any cessation of operations
by Borrower or Borrower admits it
is otherwise generally unable to
pay its debts
as such debts
become due, provided,
however, that any disclosure of the Borrower's
ability to continue as a "going concern" shall not be an admission
that the Borrower cannot pay
its debts as they
become due.

 

3.11           
Financial Statement Restatement.The
restatement of any financial statements filed by the
Borrower with the SEC at any
time after 180 days after
the Issuance Date for any

 

    	 	8	 

    	 

    

 

date
or period until this Note is no longer outstanding, if the result of such restatement
would, by comparison to the un-restated financial statement, have
constituted a material adverse effect on the rights of
the Holder with respect
to this Note or the
Purchase Agreement.

 

3.12            
Replacement of
Transfer Agent. In the
event that the Borrower proposes
to replace its transfer
agent, the Borrower fails
to provide, prior to the
effective date of such replacement,
a fully executed irrevocable transfer
agent letter in a form
as set forth in Section
5 of to the Purchase Agreement
(including but not limited to the provision to irrevocably reserve
shares of Common Stock
in the Reserved Amount} signed by the successor
transfer agent to Borrower and the Borrower.

 

3.13            Cross-Default.
Notwithstanding anything to the contrary contained in this
Note or the other
related or companion documents, a breach or default
by the Borrower
of any covenant or
other term or
condition contained in any of the Other Agreements, after the passage of all
applicable notice and cure or grace periods, shall, at the
option of the Holder, be considered a default under this Note and the
Other Agreements, in which event the
Holder shall be entitled (but
in no event required) to apply all rights and
remedies of the Holder under
the terms of this Note and
the Other Agreements by reason
of a default under said Other Agreement or hereunder. "Other Agreements"
means, collectively, all agreements and instruments between, among or
by: (1) the Borrower, and, or for the
benefit of, (2) the Holder and any affiliate of the
Holder, including, without limitation, promissory
notes; provided, however, the term “Other
Agreements" shall not include the
related or companion documents to this Note. Each of
the loan transactions will be cross-defaulted with each other
loan transaction and with allother existing and future debt
of Borrower to
the Holder.

 

Upon
the occurrence and during the continuation of any Event
of Default specified in Section 3.1 (solely
with respect to failure to pay the principal
hereof or interest thereon when
due at the Maturity Date), the Note shall
become immediately due and payable and the Borrower
shall pay to the Holder,
in full satisfaction of its
obligations hereunder, an amount equal to
the Default Sum (as defined herein). UPON THE OCCURRENCE
AND DURING THE CONTINUATION OF ANY EVENT OF
DEFAULT SPECIFIED IN SECTION 3.2,
THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY
TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL
TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO
(2). Upon the occurrence and during the
continuation of any Event of
Default specified in Sections 3.1 (solely with respect
to failure to pay the principal hereof
or interest thereon when due on this Note upon a
Trading Market Prepayment Event pursuant to Section 1.7 or
upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10,
3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of written notice to the Borrower by such Holders
(the 11Default Notice"), and
upon the occurrence of an Event of
Default specified the remaining sections of Articles
Ill (other than failure to
pay the principal hereof or interest thereon at the
Maturity Date specified in Section 3,1 hereof),
the Note shall become immediately due and payable and the
Borrower shall pay to the Holder, in full
satisfaction of its obligations hereunder, an
amount equal to the greater of (i) 150% times the sum of (w) the then outstanding
principal amount of this Note plus (x)
accrued and unpaid interest on the unpaid

principal amount of this Note to the date of payment
(the “Mandatory Prepayment Date") plus (y) Default Interest,
if any, on the amounts referred to in clauses (w)
and/or (x) plus (z) any amounts owed to the Holder
pursuant to Sections 1.3 and 1.4(g) hereof (the then
outstanding principal amount of this Note to the
date of payment 12.!fil the amounts
referred to in clauses (x), (y) and (z) shall collectively be
known as the  “Default Sum") or
(ii) the "parity
value" of the Default Sum to be prepaid, where parity value
means (a) the highest number of shares of Common
Stock issuable upon conversion of or
otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading
Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date"
for purposes of determining the lowest applicable
Conversion Price, unless the Default Event arises as
a result of a breach in respect of a
specific Conversion

 

    	 	9	 

    	 

    

 

Date
in which case such Conversion Date
shall be the Conversion Date), multiplied by (b) the
highest Closing Price for the
Common Stock during
the period beginning on
the date of first occurrence
of the Event of Default
and ending one day prior to the
Mandatory Prepayment Date
(the "Default Amount") and all other amounts
payable hereunder shall immediately become due and payable, all without demand, presentment or notice,
all of which hereby are
expressly waived, together with all costs, including, without
limitation, legal fees and expenses, of collection,
and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

 

If
the Borrower fails
to pay the Default Amount within five (5) business
days of written notice
that such amount is due and payable, then the Holder shall
have the right at any time, so long as
the Borrower remains in default (and so
long and to the extent that
there are sufficient authorized shares), to require the
Borrower, upon written notice, to
immediately issue, in lieu of the Default Amount, the number
of shares of Common Stock of the
Borrower equal to the Default Amount divided
by the Conversion Price
then in effect.

 

ARTICLE IV.
MISCELLANEOUS

 

4.1               
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 other or further
exercise thereof or of any other right, power or
privileges. All rights and remedies existing hereunder are cumulative to,
and not exclusive of, any rights or
remedies otherwise available.

 

4.2              
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, 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 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 (bl 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:

 

If to
the Borrower, to:

 

AIM EXPLORATION INC.

170
S Green Valley Pkwy, Suite 300 Henderson,
Nevada 89012

Attn:
James Robert Todhunter, President and Chief Executive Officer
Fax:

Email:
bob.todhunter@aimexploration.com If to the Holder:

    	 	10	 

    	 

    

 

POWER UP LENDING GROUP
LTD.

111
Great Neck Road, Suite
214 Great Neck, NY 11021

Attn:
Curt Kramer, Chief Executive Officer e-mail: info@poweruplending.com

With
a copy by fax only to (which copy shall not constitute notice): Naidich Wurman LLP

111 Great
Neck Road, Suite 216

Great
Neck, NY 11021 Attn: Allison Naidich facsimile: 516-466-3555

e-mail:
allison@nwlaw.com

 

4.3               
Amendments. This Note
and any provision
hereof may only be amended by an
instrument in writing
signed by the Borrower
and the Holder. The term
"Note" and all
reference thereto, as used
throughout this instrument,
shall mean this instrument (and the other Notes issued pursuant to the Purchase
Agreement) as originally executed, or if
later amended or
supplemented, then as so amended or supplemented.

 

4.4              
Assignability. This Note
shall be binding upon
the Borrower and
its successors and assigns, and
shall inure to be the
benefit of the Holder
and its successors
and assigns. Each transferee
of this Note must be an
"accredited investor" (as defined in Rule 501(a) of the Securities and Exchange
Commission). Notwithstanding anything
in this Note to the contrary,
this Note may be pledged as collateral in connection with a bona fide
margin account or other lending arrangement; and may be assigned by the Holder without the consent of the Borrower.

 

4.5              
Cost of Collection. If default is made in the payment of this Note,
the Borrower shall pay
the Holder hereof costs of collection, including reasonable attorneys' fees.

 

4.6              
Governing Law. This Note shall be governed by and
construed in accordance
with the laws of the State of Virginia without regard
to principles of conflicts of laws. Any action
brought by either party against
the other concerning the transactions contemplated by this Note
shall be brought only in the state courts of New York or in the federal courts
located in the state and
county of Nassau. The parties to this Note 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. The
Borrower and Holder waive trial
by jury. 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 Note 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 Note,
any agreement or any other
document delivered in connection with this Note 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 Note and
agrees that such service shall
constitute

    	 	11	 

    	 

    

good
and sufficient service of process and notice t hereof. Nothing
contained herein shall be deemed to limit in any way
any right to serve process in
any other manner permitted by law.

 

4.7              
Purchase Agreement. By its
acceptance of this Note, each
party agrees to be bound by the applicable
terms of the Purchase Agreement.

 

4.8              
Remedies. The Borrower acknowledges
that a breach
by it of its obligations hereunder will cause irreparable harm
to the Holder, by vitiating
the intent and purpose
of the transaction
contemplated hereby. Accordingly, the
Borrower acknowledges that the
remedy at law for a breach
of its obligations under this Note
will be inadequate and agrees,
in the event
of a breach
or threatened breach
by the Borrower of the provisions of this Note, that the Holder
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 Note and to enforce specifically
the terms and provisions thereof, without the necessity of showing
economic loss and without
any bond or
other security being required.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed
in its name by its duly authorized officer this
on May 19, 2017

 

 

 

 

AIM EXPLORATION, INC.

 

 

By:
/s/ James Robert Todhunter

James Robert
Todhunter

President and Chief Executive Officer

 

    	 	12	 

    	 

    

 

EXHIBIT
A -- NOTICE
OF CONVERSION

 

 

The
undersigned hereby elects
to convert $principal
amount of the Note (defined
below) into that number of shares of
Common Stock to be issued
pursuant to the conversion
of the Note ("Common Stock
") as set
forth below, of AIM EXPLORATION INC.,
a Nevada corporation
(the "Borrower") according to
the conditions of the convertible
note of the Borrower dated
as of May 19, 2017
(the " Note"
), as of the date written below. No fee
will be charged to the Holder for any
conversion, except for transfer taxes,
if any.

 

Box Checked
as to applicable instructions:

 

		[]	The Borrower
shall electronically transmit the Common
Stock issuable pursuant to this Notice
of Conversion to the account
of the undersigned or its nominee wit
h OTC through its Deposit Withdrawal Agent Commission system
("DWAC Transfer").

 

Name
of OTC Prime Broker: Account
Number:

 

[
] The undersigned hereby requests that the Borrower
issue a certificate
or certificates for the number of shares of
Common Stock set
forth below(which numbers
are
based
on the Holder's calculation
attached hereto) in the
name(s) specified immediately
below or, if additional space
is necessary, on an attachment
hereto:

 

POWER UP LENDING
GROUP LTD.

111
Great Neck Road, Suite 214 Great Neck, NY 11021

Attention:
Certificate Delivery

e-mail: info@poweruplendinggroup.com

 

Date
of conversion: Applicable Conversion Price :

Number of
shares of common stock to
be issued

 

pursuant
to conversion of the Notes: 

Amount of Principal Balance
due remaining

under the Note after this conversion:

 

POWER UP
LENDING GROUP LTD.

 

 By: 

Name:
Curt Kramer

Title: Chief Executive
Officer

Date: 

    	 	13SECURITIESPURCHASE
AGREEMENT

 

This
SECURITIES
PURCHASE
AGREEMENT (the
"Agreement''),
dated
as
of May
19, 2017, by
and between
AIM
EXPLORATION
INC., a
Nevada corporation, with
its address at 170 S Green
Valley Pkwy, Suite
300,
Henderson,
Nevada 89012 (the
11Com
pany"), and
POWER
UP LENDING
GROUP LTD.,
a Virginia corporation, with
its address at
111 Great
Neck
Road, Suite 216,
Great Neck, NY
11021(the 11Buyer").

 

WHEREAS:

 

A.          
The Company and the Buyer 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 111933
Act''); and

 

B.           
Buyer 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 $63,000.00 (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"),
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.

 

 NOW THEREFORE, the
Company and the
Buyer 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 the Buyer and the Buyer agrees
to purchase from the Company such principal amount
of Note as is set forth immediately
below the Buyer's name on the signature pages hereto.

 

b.           
Form of Payment.
On the Closing Date (as defined below), (i)
the Buyer shall
pay the purchase price for the
Note to be issued
and sold to it at
the Closing (as defined below) (the “Purchase
Price") by wire
transfer of immediately
available
funds
to
the
Company, in accordance
with
the Company's
written wiring instructions,
against delivery of the
Note in the principal
amount equal to the Purchase
Price as is set forth
immediately below the Buyer's
name on the signature
pages hereto, and

(ii) 
the Company shall deliver
such duly executed Note on behalf of the Company, to the Buyer,
against delivery of such Purchase Price.

 

c.           
Closing Date. Subject to the satisfaction (or written waiver) of the
conditions thereto set forth in Section 6 and Section 7 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
May 22, 2017,
or such other mutually
agreed upon time. The
closing of the transactions

 

    	 	1	 

    	 

    

 

contemplated
by this Agreement (the "Closing") shall occur
on the Closing Date at such location as
may be agreed to by
the parties.

 

2.

the Company that:

Buyer's Representations
and Warranties. The Buyer represents and warrants
to

 

a.           
Investment Purpose. As of the date hereof, the Buyer 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.

 

b.           
Accredited Investor Status. The Buyer is an "accredited investor''
as that term is defined in
Rule S0l(a) of Regulation D (an "Accredited Investor").

 

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

 

d.          
Information. The Company has not disclosed to the Buyer
any material nonpublic information and will
not disclose such
information unless such
information is disclosed to the public prior to or promptly following such disclosure to the Buyer.

 

e.           
Legends. The Buyer
understands that the Note
and, until such time as the Conversion Shares have been registered under the
1933 Act; or may be sold pursuant to an applicable exemption from registration, the Conversion Shares may bear a restrictive legend
in substantially the following form:

 

"THE
SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR
UNDER ANY STATE SECURITIES LAWS, AND MAY NOT BE PLEDGED,
SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO
IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS OR (2) THE ISSUER OF SUCH SECURITIES
RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL
AND OPINION ARE REASONABLY ACCEPTABLE TO THE ISSUER'S TRANSFER
AGENT, THAT SUCH SECURITIES MAY BE PLEDGED, SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE

 

    	 	2	 

    	 

    

 

TRANSFERRED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT AND APPLICABLE STATE SECURITIES
LAWS."

 

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 an exemption from registration
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, 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. The Buyer 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. In the event
that the Company does not
accept the opinion of counsel provided by the Buyer with
respect to the transfer of Securities pursuant to an exemption
from registration, such as Rule 144,
at the Deadline, it
will be considered an Event
of Default pursuant to Section 3.2 of
the Note.

 

f.            
Authorization: Enforcement. This Agreement
has been duly and validly
authorized. This Agreement has
been duly executed and
delivered on behalf of
the Buyer, and this Agreement
constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

3.           
Representations and Warranties of the Company. The Company represents
and warrants to the Buyer
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. "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,

 

    	 	3	 

    	 

    

 

(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
common stock of the
Company consists of 1,500,000,000
authorized shares of Common Stock, $0.001
par value per share, of which 686,728,348 shares are issued and outstanding; and shares are reserved for issuance upon conversion
of the Note. All of such outstanding shares of
capital stock are, or
upon issuance will
be,
duly authorized, validly issued, fully paid and
non-assessable..

 

d.           
Issuance of Shares.
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 imposepersonal
liability upon the holder thereof.

 

e.            No
Conflicts. The execution, delivery
and performance of this Agreement, 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
Certificate 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). The businesses of the Company
and its Subsidiaries, if any,
are not being conducted, and shall not be conducted
so long as the
Buyer owns any of
the Securities, in violation of any
law, ordinance or regulation of any governmental entity .
"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.

 

f.            
SEC Documents;
Financial Statements. The
Company has 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

 

    	 	4	 

    	 

    

 

schedules
thereto and documents (other than
exhibits to such documents) incorporated by reference therein,
being hereinafter referred to herein as the "SEC Documents"). Upon
written request the Company will deliver to the Buyer true and complete
copies of the SEC Documents, except for
such exhibits and incorporated documents. As of their respective dates or if amended, as of
the dates of the amendments, 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 or if amended, as of the dates of the amendments, 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 theret o.
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). The Company is subject to the reporting
requirements of the 1934 Act.

 

g.           
Absence of Certain Changes. Since February 28, 2017, except as set forth
in the SEC Documents,
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.

 

h.           
Absence of Litigation.
Except as set forth in the SEC
Documents, there is no action,
suit, claim,
proceeding, inquiry or investigation before or by any court,
public board, government agency, self-regulatory
organization or body pending
or, to the
knowledge of the Company
or any of its Subsidiaries,
threatened against
or affecting the Company or any of its Subsidiaries, or their officers
or directors in their capacity
as such, that could have
a Material Adverse Effect.
The Company and
its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the
foregoing.

 

i.                  
No Integrated Offering. Neither the Company,
nor any of its
affiliates,
nor any person acting on its or their behalf, has directly or indirectly made
any offers or sales in any security or
solicited any offers to
buy any security under
circumstances that would require
registration under the 1933
Act of the issuance of the Securities to the Buyer.
The issuance of the Securities to the Buyer
will not be integrated
with any other issuance
of the Company's securities
(past, current or future) for purposes of any shareholder approval provisions applicable
to the Company or its securities.

 

    	 	5	 

    	 

    

 

j.            
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.

 

k.           
No Investment
Company. The Company is not, and upon the issuance and
sale of the Securities as contemplated
by this Agreement will
not be an "investment company"
required to be registered under the Investment Company Act
of 1940 (an
"Investment Company" ).
The Company is not controlled by an
Investment Company.

 

I.            
Breach of Representations and
Warranties by the
Company. If
the Company breaches any
of the representations or warranties set
forth in this Section 3,
and in addition to any
other remedies available to the Buyer pursuant
to this Agreement, it will
be considered an Event
of default under
Section 3.4 of the
Note.

 

		4.	COVENANTS.

 

a.           
Best Effort s.
The Company shall use its best efforts to satisfy timely each of
the conditions described in
Section 7 of this Agreement.

 

b.           
Form D; Blue Sky Laws. The Company agrees to timely make any filings
required by federal and state
laws as a result
of the closing of
the transactions contemplated
by this Agreement .

 

C.

working capital
purposes.

Use of
Proceeds. The Company shall use
the proceeds for general

 

d.           
Expenses. At the
Closing, the Company's
obligation with respect to the transactions contemplated by this Agreement
is to reimburse Buyer'
expenses shall be $3,000.00
for Buyer's legal fees and
due diligence fee.

 

e.           
Corporate Existence. So long
as the Buyer 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 with theprior written
consent of the Buyer.

 

f.            
Breach of Covenants. If the Company breaches any of the covenants set
forth in this Section 4, and
in addition to any other remedies available to the
Buyer pursuant to this Agreement,
it will be considered
an event of
default under Section 3.4 of the Note.

 

g.           
Failure to Comply
with the 1934 Act.
So long as the Buyer 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.

 

    	 	6	 

    	 

    

 

 

h.           
Trading Activities.
Neither the Buyer nor its
affiliates has an
open short position in the
common stock of the
Company and the Buyer
agrees that it
shall not, and that
it will cause its affiliates not to, engage in any short sales of or hedging transactions
with respect to the common stock of the
Company.

 

5.           
Transfer Agent Instructions. The
Company shall issue to Buyer
a fully executed irrevocable issuance resolution (the "Irrevocable Transfer
Agent Resolution") to
be completed by the Buyer and
delivered to the Company's transfer agent, by the Buyer together with a
conversion notice and appropriate
opinion of counsel in connection
with each conversion of
the Note. The Company
hereby gives Buyer the
authority to complete and deliver the Irrevocable Transfer Agent Resolution to the Company's
transfer agent in connection with each
conversion of the Note.
In the event that the Company
proposes to replace its
transfer agent, the Company shall
provide, prior to the effective date of such replacement, a fully
executed irrevocable transfer agent letter in a form acceptable to the Buyer (including but
not limited to the
provision to irrevocably
reserve shares of Common Stock
in the Reserved Amount
as such term is defined
in the Note) signed by the successor transfer
agent to Company and the Company. Prior to registration
of the Conversion Shares under the 1933 Act
or the date on which the
Conversion Shares may be
sold pursuant to an exemption from registration, all such certificates shall bear the restrictive legend specified in Section 2(e)
of this Agreement. The Company warrants that:
(i) no instruction other than the Irrevocable
Transfer Agent Resolution referred to in
this Section 5, will
be given by
the Company to its transfer agent and that the Securities shall otherwise be
freely transferable on the books and
records of the Company as and to the
extent provided in this
Agreement and the
Note; (ii) it
will not direct its transfer agent
not to transfer or delay, impair, and/or hinder its transfer agent in transferring
(or issuing)(electronically or in certificated form) any certificate for Conversion
Shares to be issued to
the Buyer upon conversion
of or otherwise
pursuant to the Note as
and when required by the
Note and this Agreement; (iii) it will not fail 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
any stop transfer instructions in respect thereof) on any certificate for any Conversion
Shares issued to the Buyer
upon conversion of or otherwise pursuant to the Note as
and when required by the
Note and/or this
Agreement; and (iv) it shall immediately
establish and maintain a reserve of shares of common stock of the Company (set
aside shares from its treasury stock and not issue such shares to any third parties) solely
for the issuance of such shares of common stock
to the Buyer
in connection with a conversion
of the Note; and such share
reserve shall at all times equal at
least six times the number
of shares that would be issuable upon full conversion of the Note (assuming that the 4.99% limitation set forth in Section 1.1
of the note is
not in effect)(based
on the respective
Conversion Price of the
Note (as defined in Section

1.2 of the Note) in effect from
time to time, initially 96,823,770 shares of common stock). If the Buyer

provides
the Company and the Company's
transfer, at the cost of the Buyer,
with an opinion of counsel
in form, substance and scope customary for opinions in comparable transactions, to the effect that
a public sale or transfer of such Securities may be made
without registration under the 1933 Act, the Company shall
permit the transfer, and, in the
case of the Conversion
Shares, promptly instruct its transfer
agent to issue one or more certificates, free from restrictive legend, in such name and in
such denominations as specified by the Buyer. The Company acknowledges
that a breach by it of its obligations hereunder
will cause irreparable harm to the Buyer, by vitiating the intent and purpose of the
transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at
law for a breach of its obligations

 

    	 	7	 

    	 

    

 

under
this Section 5 may be inadequate and agrees,
in the event of a breach or threatened breach by the Company of the
provisions of this Section, that the Buyer shall be entitled, in addition to all other available
remedies, to an injunction restraining any breach
and requiring immediate transfer, without the necessity
of showing economic loss
and without any bond or other security being required.

 

6.           
Conditions to
the Company's Obligation
to Sell. The
obligation of the Company hereunder to issue and sell the Note to the Buyer 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.           
The Buyer shall
have executed this Agreement and delivered the
same to

the Company.

 

		b.	The Buyer
shall have delivered the Purchase
Price in accordance with

Section l(b) above.

 

c.           
The representations
and warranties of
the Buyer 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
the Buyer 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 Buyer at or prior to the Closing Date.

 

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.

 

7.           
Conditions to The Buyer's Obligation to Purchase. The obligation of
the Buyer 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 the Buyer's
sole benefit and may be waived by the Buyer at any
time in its sole discretion:

 

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

same to the Buyer.

 

b.           
The Company shall
have delivered to the Buyer the duly executed Note (in such denominations as the Buyer shall request) in accordance
with Section l(b) above.

 

c.           
The Irrevocable Transfer Agent Resolution, in form and substance satisfactory
to the Buyer, shall have been delivered
to and acknowledged in
writing by the Company's
Transfer Agent.

 

    	 	8	 

    	 

    

 

 

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. The Buyer
shall have received a certificate or certificates, executed
by the chief executive officer of the
Company, dated as of the
Closing Date, to the foregoing effect and as to such
other matters as may be reasonably
requested by the Buyer including, but not limited
to certificates with respect to the
Board of Directors' resolutions relating to
the transactions contemplated hereby.

 

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.

 

g.          
The Conversion Shares shall have been authorized for quotation on an
exchange or electronic
quotation system and trading in
the Common Stock
on such exchange or
electronic quotation system
shall not have been
suspended by the SEC
or an exchange or electronic
quotation system.

 

h.          
The Buyer shall have
received an officer's
certificate described in
Section 3(d) above, dated
as of the Closing Date.

 

i.                  
The Buyer shall have
received an original
copy of a Confession
of Judgment properly
executed (with notary) by an authorized
officer of the Company in a form
acceptable to the
Buyer.

j.            
The Buyer shall have received an original copy of a Guaranty properly
executed (with notary) by
James Robert Todhunter,
President and Chief
Executive Officer of the Company, in
a form acceptable to the Buyer which shall be limited to the obligations
of the Company to delivery shares of
common stock of the Company
to Buyer as such obligations are
specifically set forth
in the Note.

 

 

		8.	Governing Law;
Miscellaneous.

 

a.          
Governing Law. This
Agreement shall be governed
by and construed in accordance with
the laws of the State of Virginia without regard to principles of conflicts of
laws. Any action brought
by either party against the
other concerning the transactions
contemplated by this

    	 	9	 

    	 

    

 

 

 

Agreement
shall be brought only in the state courts of New York or in the federal courts located in the
state and county of Nassau.
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. The
Company and
Buyer waive trial by
jury.
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, the Note or any related
document or agreement 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.

 

b.          
Counterparts. 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.

 

 

c.          
Headings. 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
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
the Buyer makes any representation, warranty, covenant or undertaking with respect to such matt ers.
No provision of this Agreement may be waived or amended other than by an instrument
in writing signed by the majority in interest of the Buyer.

 

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

 

    	 	10	 

    	 

    

 

requested,
postage prepaid, (iii) delivered by reputable air courier
service with charges prepaid, or (iv) transmitted by hand delivery,
telegram, 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 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 as set forth in the heading of this Agreement with
a copy by fax only to (which copy shall not constitute notice) to Naidich Wurman LLP, 111 Great Neck Road, Suite 214, Great Neck,
NY 11021, Attn: Allison Naidich, facsimile: 516-466-3555,
e-mail: allison@nwlaw.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 the Buyer shall assign this Agreement or
any rights or obligations hereunder without the prior written consent of the other. Notwithstanding the foregoing, the Buyer may
assign its rights hereunder to any person that purchases Securities in a private transaction from the Buyer or to any of its "affiliates,"
as that term is defined under the 1934 Act, without the consent of the Company .

 

h.           
Survival. The representations and warranties of the Company and the
agreements and covenants set forth in this Agreement shall survive the closing hereunder notwithstanding any due diligence investigation
conducted by or on behalf of the Buyer.
The Company agrees to indemnify and hold harmless the Buyer 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.

 

i.            
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.

 

j.            
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 part y.

 

k.           
Remedies.
The Company acknowledges that a breach by it of its obligations hereunder will
cause irreparable harm to the Buyer by vitiating the intent and purpose of the transaction contemplated hereby.
Accordingly,
the Company acknowledges that the remedy at law for a

 

    	 	11	 

    	 

    

 

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 the Buyer 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.

 

 

[THE REMAINDER
OF THIS PAGE IS INTENTIONALLY
LEFT BLANK]

 

    	 	12	 

    	 

    

 

 

IN
WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement t
o be duly executed as
of the date first above
written.

 

AIM EXPLORATION, INC.

 

 

By: /s/ James Robert Todhunter

Name: James Robert Todhunter

President and Chief Executive
Officer

 

 

 

 

POWER UP LENDING GROUP
LTD.

 

	By:	 	 	 
	
        Name: Curt Kramer

        Tit le:
        Chief Executive Officer
	 	 
	111 Great NeckRoad, Suite 216	 	 
	Great Neck, NY 11021	 	 
	
         

        AGGREGATE SUBSCRIPTION
        AMOUNT:
	 	 
	Aggregate Principal Amount of Note:	 	 	$63,000.00
	Aggregate Purchase Price:	 	 	$63,000.00

 

    	 	13

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