Document:

Exhibit 10.5

 

ACIES ACQUISITION CORP.

1219 Morningside Drive, Suite 110

Manhattan Beach, CA 90266

 

                    ,
2020

 

Acies Acquisition LLC

1219 Morningside Drive, Suite 110

Manhattan Beach, CA 90266

Ladies and Gentlemen:

 

This letter agreement by and between Acies
Acquisition Corp. (the “Company”) and Acies Acquisition LLC (“Sponsor”), dated
as of the date hereof, will confirm our agreement that, commencing on the date the Registration Statement on Form S-1 and prospectus
filed with the U.S. Securities and Exchange Commission (File No. 333- ) (the “Registration Statement”)
for the initial public offering (the “IPO”) of the securities of Acies Acquisition Corp. (the “Company”)
is declared effective (the “Effective Date”) and continuing until the earlier of (i) the consummation
by the Company of an initial business combination and (ii) the Company’s liquidation (in each case as described in the
Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), the Sponsor
shall take steps directly or indirectly to make available to the Company certain office space, secretarial and administrative services
as may be required by the Company from time to time, situated at 1219 Morningside Drive, Suite 110, Manhattan Beach, CA 90266 (or
any successor location). In exchange therefore, the Company shall pay the Sponsor a sum of $10,000 per month on the Effective Date
and continuing monthly thereafter until the Termination Date. The Sponsor hereby agrees that it does not have and irrevocably waives
any and all right, title, interest, cause of action or claim of any kind (a “Claim”) in or to any monies
that may be set aside in a trust account (the “Trust Account”) that may be established upon the consummation
of the IPO and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, any negotiations,
contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.

 

This letter agreement constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended,
modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party may assign this letter agreement
or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported
assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest
or title to the purported assignee.

 

This letter agreement shall be governed
by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its choice
of laws principles that will apply the laws of another jurisdiction.

 

This letter agreement may be executed in
one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute
one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced
to evidence the existence of this letter agreement.

 

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,	 
	 	 	 
	 	ACIES ACQUISITION CORP.	 
	 	 	 	 
	 	By:	 	
	 
	 	Name:	 	 	 
	 	Title:	 	Co-Chief Executive Officer	 

 

	 	 	 	 
	AGREED TO AND ACCEPTED BY:	 
	 	 
	ACIES ACQUISITION LLC	 
	 	 	 
	By:	 	
	 
	Name:	 	 	 
	Title:	 	Managing MemberExhibit
10.1

 

THESE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL OR STATE REGULATORY
AUTHORITY. THE SHARES BEING SOLD HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK. THE SALE PRICE WAS DETERMINED ARBITRARILY
BY THE SELLER AND BEARS NO RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK VALUE, CURRENT OR FUTURE TRADING PRICE OF THE SHARES, OR
ANY OTHER CRITERIA.

 

STOCK
PURCHASE AGREEMENT

 

THIS
STOCK PURCHASE AGREEMENT is made and entered into this 2nd day of October, 2020, by and among BLOW & DRIVE INTERLOCK CORPORATION,
a Delaware corporation (the “Company”), the seller set forth on the signature pages hereto (“Seller”,),
and the purchasers set forth on Exhibit A, attached hereto and incorporated herein (each, a “Purchaser”, and
collectively, “Purchasers”). Seller owns, or shall own on the date of the Closing Date (as defined in Section 2 below),
an aggregate of 110,617,521 shares of the common stock of the Company and 1,000,000 shares of Series A Preferred Stock of the
Company. Purchasers desire to purchase from Seller, and Seller is willing to sell shares of such common stock and preferred stock,
subject to the terms and conditions contained in this Agreement.

 

NOW
THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.
Purchase and Sale. Seller hereby agrees
to sell to the Purchasers and the Purchasers, in reliance on the representations and warranties contained herein, and subject
to the terms and conditions of this Agreement, agree to purchase from Seller an aggregate of 110,617,521 shares of Common Stock
of the Company and 1,000,000 shares of Series A Preferred Stock of the Company (the “Company Shares”) for a total
purchase price of Five Hundred Thousand Dollars ($500,000) (the “Purchase Price”), payable in immediately available
funds in United States currency. Purchasers and Seller acknowledge and accept that the trading price of the Company Shares may
decrease or increase subsequent to the sale of the Company Shares. Purchaser and Seller waive claims to any losses or gains as
a result of the sale of the Company Shares. The Company Shares shall equal approximately 84.83% of the issued and outstanding
shares of common stock and 91.41% of the voting power of all securities of the Company. 

 

2.
Closing. The Closing of the purchase and
sale of the Company Shares shall occur upon the satisfaction or waiver of all conditions set forth below, but no later than 5
PM EST on the November 15, 2020, or such other date as may be determined by the parties (the “Closing Date”). 

 

2.1.
Condition Precedent. As a condition precedent to the obligations of the Purchasers to purchase the Company Shares, Purchasers
shall have conducted a due diligence review of the Company and its books and records to its full satisfaction and shall have delivered
written confirmation of the same as set forth in Section 2.3 hereof.

 

2.2.
Seller/Company Deliverables: Unless waived in writing by Purchasers, the Seller and the Company shall:

 

2.2.1.
At least ten calendar days prior to the Closing, cause the Company to file and mail to each of the Company’s stockholders
an information statement required by Rule 14f-1 promulgated under the Exchange Act of 1934, as amended (the “Exchange Act”),
in connection with the change of control to be effectuated by the appointment of new officers and directors at the Closing;

 

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2.2.2.
Prior to the Closing:

 

2.2.2.1.
Cause the Company to timely file a Current Report on Form 8-K disclosing the entry by the Seller of this Agreement;

 

2.2.2.2.
Cause the Company to file a Quarterly Report on Form 10-Q for the three and ninte months ended September 30, 2020;

 

2.2.2.3.
Deliver to the Escrow Agent (as hereinafter defined) the Company books and records, unless otherwise agreed to in writing by the
parties;

 

2.2.2.4.
Deliver to Purchasers copies of all Company Contracts;

 

2.2.2.5.
Deliver to Escrow Agent, an Assign and Assumption Agreement by and between the Company and Instant Interlock regarding the sale
and transfer of the Company’s pre-Closing assets in exchange for assumption of the Company’s pre-Closing liabilities
owed to Seller in form attached hereto as Exhibit C (the “Assign and Assumption Agreement”);

 

2.2.3.
On or prior to the Closing, deliver to the Purchasers:

 

2.2.3.1.
All management accounts and other records desirable and necessary for Purchasers to prepare and file the Company’s quarterly
report for the nine (9) months ended September 30, 2020, on Form 10-Q with the Securities and Exchange Commission;

 

2.2.3.2.
Written confirmation of termination of all Company Contracts and performance or payment in full of all obligations and liabilities
of the Company, including without limitation: (i) payment in full of all loans of the Company, including without limitation, those
made by Seller or affiliates of the Company; (ii) payment in full of all amounts due under the Company Contracts; and (iii) payment
in full of all outstanding invoices or invoices that will become outstanding as of the Closing or within fourteen (14) days thereafter.

 

2.2.3.3.
Signed resignation letters of all existing officers and directors of the Company;

 

2.2.3.4.
Executed Board consents appointing designees of the Purchasers as directors and officers of the Company;

 

2.2.3.5.
All Edgar and other codes of the Company necessary to make filings with the Securities and Exchange Commission (“SEC”);

 

2.2.3.6.
Contact information of all service providers of the Company necessary or desirable to comply with SEC rules and regulations and
to maintain listing on a national securities exchange or over the counter bulletin board, which shall include without limitation,
independent auditors, legal counsel, transfer agent, registered agent, market maker and edgarizer;

 

2.2.3.7.
By overnight delivery, the certificate(s) representing 1,000,000 shares of Series A Preferred Stock of the Company issued in the
name of the Purchasers or their designee(s); and

 

2.2.3.8.
Written confirmation from the Company’s stock transfer agent that it has received all documentation necessary to effectuate
the transfer of stock certificates representing the Company Shares to the Purchasers, including the issuance of stock certificates
representing the Company Shares to the Purchasers or her designee.

 

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2.2.3.9.
An unredacted shareholder’s list from the Company’s transfer agent showing 110,617,521 shares of common stock are
outstanding at Closing with no securities beneficially owned by David Haridim

 

2.3.
Purchaser Deliverables: On or prior to the Company mailing and filing the Schedule 14F-1 that is the subject of Section
3, below, with the SEC, the Purchasers shall deliver the Purchase Price to the Escrow Agent. On or prior to the Closing, the Purchasers
shall deliver: (i) any consent necessary, on behalf of the Purchasers and the Company post-Closing, to allow the Seller, and/or
the Seller’s assignee(s), to use the name “Blow & Drive Interlock”; and (ii) upon the satisfaction of the
terms set forth in Section 2.2 hereof as determined by Purchasers in their discretion, written acknowledgement that Purchasers
are satisfied with the results of their due diligence review of the Company and its books and records.

 

3.
Resignation of Old and Appointment of New
Board of Directors and Officers. The Company and the Seller shall take such corporate action(s) and make such SEC filings
on Schedule 14F-1 in compliance with the Exchange Act Rules and as otherwise required by the Company’s Articles of Incorporation
and/or Bylaws to duly (a) appoint the below named persons, or other persons who names shall be delivered to the Company, to their
respective positions, to be effective as of the Closing Date, and (b) obtain and submit to the Purchasers, together with all required
corporate action(s) the resignation of all members of the board of directors, and any and all corporate officers as of the Closing
Date, all of which actions shall be verified in a Secretary’s Certificate and delivered to the Purchasers as effective at
the Closing by the Seller in such form and substance satisfactory to the Purchasers. Following the execution of this Agreement
and through the date of effectiveness of such resignations, no other officers or directors shall be appointed or elected to serve
the Company except as otherwise expressly provided herein.

 

	Name	 	Position
	Song
    Dai 	 	Chief
    Executive Officer, Chief Financial Officer and Secretary

 

4.
Representations and Warranties of Seller.
Each of the Company and the Seller hereby severally represents and warrants to each of the following as of the date of this Agreement
and the Closing Date:

 

4.1.
Corporate Existence and Power. The Company is a corporation duly organized and validly existing and in good standing under
the laws of the jurisdiction of its incorporation or formation. The Company has the requisite corporate power and authority to
carry on its business as presently conducted and as currently proposed to be conducted, to own and operate its properties and
assets, to execute and deliver this Agreement, and to carry out the provisions of this Agreement. The Company is duly qualified
to do business and is in good standing as a foreign company in all jurisdictions in which the nature of its activities and of
its properties makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material
adverse effect on the Company or its business.

 

4.2.
Subsidiaries. The Company has one subsidiary, BDI Manufacturing, Inc., an Arizona corporation, which is a wholly-owned
subsidiary. Except as set forth in the foregoing, the Company does not own or control any equity security or other interest of
any other corporation, partnership, limited liability company or other business entity. The Company is not a participant in any
joint venture, partnership, limited liability company or similar arrangement. Since its inception, the Company has not consolidated
or merged with, acquired all or substantially all of the assets of, or acquired the equity securities of or any interest in any
corporation, partnership, limited liability company or other business entity.

 

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4.3.
Authorization; No Contravention. The execution, delivery and performance by Seller of this Agreement and the transactions
contemplated hereby (a) have been duly authorized by all necessary action of the Seller and the Company, (b) do not violate, conflict
with or result in any breach or default of (or with due notice or lapse of time or both would result in any breach, default or
contravention of), or the creation of any lien under, any contractual obligation of the Seller or the Company or any requirement
of law applicable to the Company, and (d) do not violate any judgment, injunction, writ, award, decree or order (collectively,
“Orders”) of any governmental authority against, or binding upon, the Company. There are no actions, subpoenas,
suits, proceedings, claims, complaints, disputes, arbitrations or investigations (collectively, “Claims”) pending,
initiated, or, to the best knowledge of Seller, threatened, at law, in equity, in arbitration or before any governmental authority
against the Company.

 

4.4.
Governmental Authorization; Third Party Consents. No consent, approval, authorization, order, registration or qualification
(each, an “Authorization”) of or with any governmental authority or any other person is required for the execution,
delivery or performance (including, without limitation, the sale of the Company Shares) by, or enforcement against, the Company
of this Agreement or the consummation by the Company of the transactions contemplated by this Agreement, except (i) such Authorizations
as have already been obtained or (ii) as otherwise provided in this Agreement.

 

4.5.
Capitalization.

 

4.5.1.
As of the Closing Date, the Company’s authorized capital stock consists of 10,000,000,000 shares of common stock, of which
130,397,289 shares are issued and outstanding, and 20,000,000 shares of preferred stock, 1,000,000 of which are designated Series
A Preferred, 10,000,000 of which are designated Series B Preferred, and 9,000,000 of which are undesignated. There are issued
and outstanding 1,000,000 shares of Series A Preferred Stock and 0 shares of Series B Preferred Stock. All shares of Company stock
are owned of record and beneficially by the shareholders in the amounts set forth in the Shareholder’s list to be provided
to the Purchasers prior to Closing. There are no outstanding dividends, whether current or accumulated, due or payable on any
of the capital stock of the Company.

 

4.5.2.
Seller is the legal owner, and has good and marketable title (beneficially and of record) to all of the Company Shares. The Company
Shares, when issued to the Purchasers pursuant to this Agreement, will be: (i) duly authorized, validly issued, and outstanding;
(ii) fully paid, non-assessable, and free of preemptive rights; and (iii) free and clear of any and all pledges, claims, restrictions,
charges, liens, security interests, encumbrances, or other interests of third parties of any nature whatsoever. As of the date
hereof: (i) except the warrants set forth on Schedule 4.5.2 attached hereto, there are no outstanding options, warrants, rights,
commitments, or agreements of any kind for the issuance or sale of, or outstanding securities convertible into, any additional
shares of capital stock of any class of the Company; (ii) there are no voting trusts, voting agreements, proxies, or other agreements,
instruments, or undertakings with respect to the voting of any Company securities to which the Company or any of its shareholders
is a party; and (iii) there are no restrictions on transfer of any securities of the Company except for restrictions imposed by
applicable laws or by the express terms of this Agreement. There are no contracts, commitments, understandings or arrangement
by which the Company is bound to issue additional registered capital, share capital or other securities.

 

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4.6.
Agreements. Except for this Agreement, the Assignment and Assumption Agreement, and the Escrow Agreement (as hereinafter
defined), and except as set forth on Exhibit B, there are no agreements, understandings, instruments, contracts or proposed
transactions, or judgments, orders, writs or decrees, to which the Company is a party or by which it is bound. All contracts set
forth on Exhibit C (the “Company Contracts”) are in writing and are valid and binding and enforceable
against the Company and, to the Company’s knowledge, against the other parties thereto in accordance with their respective
terms. The Company is not a guarantor or indemnitor of any indebtedness of any other person, party or entity. The Company has
not declared or paid any dividends, or authorized or made any distribution upon or with respect to any class or series of its
equity securities.

 

4.7.
Absence of Undisclosed Liabilities. As of the dates of the Company’s financial statements, the Company had no liabilities,
either accrued or contingent, of a nature required to be reflected in the financial statements in accordance with generally accepted
accounting principles, and whether due or to become due, which individually or in the aggregate are reasonably likely to have
an adverse effect on the Company.

 

4.8.
Absence of All Liabilities.

 

4.8.1.
Except as set forth on the Quarterly Report on Form 10-Q for the six months ended June 30, 2020, of the Company, the Company has
no liabilities, either accrued or contingent, whether or not of a nature required to be reflected in the financial statements
in accordance with generally accepted accounting principles, and whether due or to become due. As of the Closing Date, (i) the
Company has fully paid all creditors, debtors, vendors, employees and service providers for all obligations that have become due
and payable as of the Closing Date; and (ii) all loans, notes payables, and liabilities, either accrued or contingent, whether
or not of a nature required to be reflected in the financial statements in accordance with generally accepted accounting principles,
whether due or to become due or whether or not disclosed in the SEC Reports have been paid in full.

 

4.8.2.
There are no lawsuits, actions or administrative, arbitration or other proceedings or governmental investigations ongoing, pending
or threatened against or relating to the Company, Seller or the Company’s properties or business. The Company has not entered
into or been subject to any consent decree, compliance order, or administrative order with respect to any property owned, operated,
leased, or used by the Company. The Company has not received any request for information, notice, demand letter, administrative
inquiry, or formal or informal complaint or claim with respect to any property owned, operated, leased, or used by the Company
or any facilities or operations thereon.

 

4.8.3.
Except as for tax returns to be filed with the Internal Revenue Service for the calendar years ended December 31, 2017, 2018 and
2019 (the “Missing Tax Returns”), the Company has filed all tax returns required to have been filed. The Missing Tax
Returns shall be filed as of the Closing Date. All tax returns filed on or prior to the Closing Date and the Missing Tax Returns
were correct and complete in all material respects. All taxes owed by the Company (whether or not shown on any tax return) have
been paid. The Company currently is not the beneficiary of any extension of time within which to file any tax return. To the Company’s
best knowledge, no claim has ever been made by an authority in a jurisdiction where the Company does not file tax returns that
it is or may be subject to taxation by that jurisdiction. There are no actual, pending or, to the Company’s best knowledge,
threatened liens, encumbrances, or charges against any of the assets of the Company arising in connection with any failure (or
alleged failure) to pay any tax. The Company has withheld and paid all taxes required to have been withheld and paid in connection
with amounts paid or owing to any employee, independent contractor, creditor, shareholder, or other third party. To the Company’s
best knowledge, there is no dispute or claim concerning any tax liability of the Company either claimed or raised by any authority
in writing. The Company has not waived any statute of limitations in respect of taxes or agreed to any extension of time with
respect to a tax assessment or deficiency.

 

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4.9.
Financial Statements. The Company’s financial statements fairly present the financial condition of the Company at
the dates of said statements and the results of its operations for the periods covered thereby and have been prepared in accordance
with United States generally accepted accounting principles and practices consistently applied and consistent with the books and
records of the Company.

 

4.10.
Binding Effect. This Agreement has been duly executed and delivered by Seller and constitutes the legal, valid and binding
obligation of Seller, enforceable against Seller in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement
of creditors’ rights generally and by general principles of equity.

 

4.11.
Private Offering. No registration of the Company Shares, pursuant to the provisions of the Securities Act of 1933, as amended,
or any state securities or “blue sky” laws, will be required by the sale of the Company Shares in the manner contemplated
in Section 1 herein. Seller agrees that it, nor anyone acting on its behalf, shall offer to sell the Company Shares or any other
securities of the Company so as to require the registration of the Company Shares pursuant to the provisions of the Securities
Act of 1933, as amended, or any state securities or “blue sky” laws.

 

4.12.
Disclosure. Seller understands and confirms that Purchasers are relying on the representations, warranties and covenants
contained in this Agreement and the disclosures set forth in the reports, forms and other documents filed with the United States
Securities Exchange by the Company (collectively, the “SEC Reports”) in entering into this Agreement. All disclosures
contained in the SEC Reports or otherwise provided to Purchasers regarding the Company, its businesses and the transactions contemplated
hereby, furnished by or on behalf of Seller or the Company are complete, true and correct and do not contain any untrue statement
of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the
circumstances under which they were made, not misleading.

 

5.
Indemnification. Seller shall, notwithstanding
any termination of this Agreement, indemnify and hold harmless each Purchaser, the Company, the officers, directors, agents, investment
advisors, partners, members and employees of each of them, each person who controls any such Purchaser (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, agents and employees of each
such controlling person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages,
liabilities, costs (including, without limitation, reasonable costs of preparation and reasonable attorneys’ fees) and expenses
(collectively, “Losses”), as incurred, arising out of or relating to any breach of the representations, warranties
and covenants of Seller or the Company set forth in this Agreement, up to a maximum amount equal to the Purchase Price. 

 

If
any proceeding (hereinafter referred to as “Proceeding”) shall be brought or asserted against any person entitled
to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the person from
whom indemnity is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall assume the
defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees
and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice
shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the
extent that it shall be finally determined by a court of competent jurisdiction (which determination is not subject to appeal
or further review) that such failure shall have proximately and materially adversely prejudiced the Indemnifying Party.

 

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An
Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof,
but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying
Party has agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the
defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or
(3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying
Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same
counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying Party).
The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which
consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall, without the prior written consent of the Indemnified
Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement
includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

 

All
fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating
or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party,
as incurred, within ten (10) calendar days of written notice thereof to the Indemnifying Party (regardless of whether it is ultimately
determined that an Indemnified Party is not entitled to indemnification hereunder; provided, that the Indemnifying Party may require
such Indemnified Party to undertake to reimburse all such fees and expenses to the extent it is finally judicially determined
that such Indemnified Party is not entitled to indemnification hereunder).

 

6.
Acknowledgement of Escrow Agent as Counsel
to Purchaser Representative. Seller and Purchasers hereby acknowledge that they are parties to that certain Escrow Agreement
dated September 28, 2020, by and among Chen-Drake Law (“Escrow Agent”), the Purchasers and the Seller (the “Escrow
Agreement”), pursuant to which the Seller and Purchasers established an escrow account and appointed Escrow Agent to serve
as the escrow agent thereto in accordance with the terms and conditions of the Escrow Agreement. Seller and Purchasers hereby
acknowledge that Escrow Agent: (i) is legal counsel to the representatives of the Purchasers; (ii) has explained to each of it
the potential conflicts arising from having legal counsel to the representatives of the Purchasers serve as the Escrow Agent;
and (iii) has advised each of them to seek independent counsel to review the terms of this Agreement and the Escrow Agreement.
Each of the Company, Seller and Purchasers hereby acknowledges that it, he or she has had the opportunity to seek such independent
counsel and agrees to waive all potential and actual conflicts arising from having Escrow Agent serve as Escrow Agent. The parties
further acknowledge that the duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set
forth in the Escrow Agreement and no duties, responsibilities or obligations shall be inferred or implied. Escrow Agent shall
not be subject to, nor required to comply with, any other agreement between or among any or all of the Purchasers, the Company
and Seller or to which any of the Purchasers or the Seller are a party, even though reference thereto may be made herein, or to
comply with any direction or instruction from any of the Purchasers or the Seller or any entity acting on its behalf. Purchasers,
the Company and Seller hereby expressly acknowledge their appointment of Escrow Agent to serve as the escrow agent in accordance
with the terms and conditions of the Escrow Agreement.

 

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7.
Miscellaneous. This Agreement constitutes
the entire agreement between the parties hereto and supersedes all prior agreements and discussions between Purchasers and Seller.
No waiver of any of the provisions of this Agreement will be deemed to constitute a waiver of any other provisions hereof. This
Agreement may be executed by the parties hereto in separate counterparts, each of which will be deemed to be one and the same
instrument. All claims, disputes and other matters in question between the parties to this Agreement, arising out of or relating
to this Agreement or breach thereof, shall be filed and heard only in the state courts of Nevada. The Agreement will be governed
by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of
conflicts of law thereof.

 

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remainder of this page has been intentionally left blank.]

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth in the first paragraph.

 

	COMPANY:	 
	 	 
	BLOW
    & DRIVE INTERLOCK CORPORATION	 
	a
    Delaware corporation	 
	 	 	 
	By:	/s/
    David Haridim	 
	Its:	David
    Haridim	 
	 	Chief
    Executive Officer	 
	 	 	 
	Address:
    	 
	 	1427
    S. Robertson Blvd.	 
	 	Los
    Angeles, CA 90035	 
	 	 	 
	SELLER:	 
	THE
    DOHENY GROUP, LLC,	 
	A
    Nevada limited liability company	 
	 	 	 
	/s/
    David Haridim	 
	David
    Haridim, Manager	 
	 	 
	Address:	 
	 	1702
    S. Robertson Boulevard, #111	 
	 	Los
    Angeles, CA 90035	 

 

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	PURCHASERS:	 
	 	 
	/s/
    Song Dai	 
	SONG
    Dai	 
	 	 
	Address:	803
    & 805, 8th Floor,	 
	 	Menara
    Mutiara Majestic,	 
	 	Jalan
    Othman,	 
	 	Petaling
    Jaya 46000	 
	 	Malaysia	 

 

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EXHIBIT
A

 

PURCHASERS

 

	 	 	Amount of Common Shares	 	Consideration
	SONG Dai	 	 	110,617,521	 	 	 	USD499,000	 
	 	 	 	 	 	 	 	 	 
	TOTAL	 	 	110,617,521	 	 	 	USD499,000	 

 

	 	 	Amount of Preferred Shares	 	 	Consideration	 
	SONG Dai	 	1,000,000 Series A Preferred	 	 	USD1,000	 
	TOTAL	 	1,000,000 Series A Preferred	 	 	USD1,000	 

 

Total
Issued and Outstanding Immediately Prior to the Closing Date: 

 

130,397,289
Common Shares

 

1,000,000
Series A Preferred Shares

 

    	11

     

    

 

EXHIBIT
B

 

ASSIGN
AND ASSUMPTION AGREEMENT

 

[See
Attachment]

 

    	12

     

    

 

EXHIBIT
C

 

COMPANY
CONTRACTS

 

    	13

     

    

 

SCHEDULE
4.5.2

 

OUTSTANDING
WARRANTS

 

	Name	 	Amount
    of Common Stock	 	Exercise
    Price	 	Expiration
    Date	 	Cashless
    Exercise
	 	 	 	 	 	 	 	 	 

 

    	14

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