Document:

Exhibit 10.2

 

THIS AMENDED AND RESTATED PROMISSORY NOTE (“NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR
INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

AMENDED AND RESTATED PROMISSORY NOTE

 

	Principal Amount:  $300,000	Dated as of November 16, 2021

 

RF Acquisition Corp., a Delaware
corporation (the “Maker”), promises to pay to the order of RF Dynamic LLC or its registered assigns or successors in
interest (the “Payee”), or order, the principal sum of Three Hundred Thousand Dollars ($300,000) or such lesser amount
as shall have been advanced to Payee to Maker and shall remain unpaid under this Note on the Maturity Date (as defined below) in lawful
money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or
wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time
designate by written notice in accordance with the provisions of this Note. This Note amends, restates, and supersedes and is given in
substitution for, but not extinguishment of, that certain Promissory Note, dated as of January 21, 2021 made by the Maker in favor of
the Payee in the original amount of $300,000, and does not constitute a novation or discharge of the indebtedness evidence thereby.

 

1.     Principal. The
entire unpaid principal balance of this Note shall be payable on the earlier of: (i) September 30, 2022 or (ii) the date on which Maker
consummates an initial public offering of its securities (such earlier date, the “Maturity Date”). The principal balance
may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee
or stockholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2.     Drawdown Requests.
Maker and Payee agree that Maker may request, from time to time, up to Three Hundred Thousand Dollars ($300,000) in drawdowns under this
Note to be used for costs and expenses related to Maker’s formation and the proposed initial public offering of its securities (the
 “IPO”). Principal of this Note may be drawn down from time to time prior to the Maturity Date upon written request
from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down, and
must not be an amount less than Ten Thousand Dollars ($10,000). Payee shall fund each Drawdown Request no later than three (3) business
days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns outstanding under this Note at any time
may not exceed Three Hundred Thousand Dollars ($300,000). No fees, payments or other amounts shall be due to Payee in connection with,
or as a result of, any Drawdown Request by Maker.

 

3.     Interest. No interest
shall accrue on the unpaid principal balance of this Note.

 

     

     

    

 

4.     Application of Payments.
All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including
(without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of
the unpaid principal balance of this Note.

 

5.     Events of Default.
The following shall constitute an event of default (“Event of Default”):

 

(a)       Failure to Make Required
Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified
above.

 

(b)      Voluntary Bankruptcy,
Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or
other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for
the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c)       Involuntary Bankruptcy,
Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary
case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of
its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

6.     Remedies.

 

(a)       Upon the occurrence of
an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and
payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and
payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained
herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)      Upon the occurrence of
an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other sums payable with regard
to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

 

7.     Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the
terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real
or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or
providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate
that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any
such writ in whole or in part in any order desired by Payee.

 

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8.     Unconditional Liability.
Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected
in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to
any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other
provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice
to Maker or affecting Maker’s liability hereunder.

 

9.     Notices. All notices,
statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered personally or sent
by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated
in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated
in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other
electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed
to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if
sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after
mailing if sent by mail.

 

10.   Construction.
THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11.   Severability.
Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12.   Trust Waiver.
Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account to be established in which the proceeds of the IPO conducted by the Maker (including
the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement to occur
prior to the consummation of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus
to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

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13.   Amendment; Waiver.
Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14.   Assignment. No
assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise)
without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

 

[Signature page follows]

 

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IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first
above written.

 

	 	RF ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Tse Meng Ng
	 	 	Name:	Tse Meng Ng
	 	 	Title:	Chief Executive Officer

 

[Signature Page to A&R Promissory Note]Exhibit
10.1

 

STOCK
PURCHASE AGREEMENT

 

This
Stock Purchase Agreement (this “Agreement”) is made as of December 14, 2021 (the “Effective Date”),
by and between Rick Uhler (the “Purchaser”) and Touchpoint Group Holdings, Inc. (the “Company”).

 

WHEREAS,
the Purchaser and the Company desire to enter into a written agreement pursuant to which the Purchaser shall purchase from the
Company, and the Company shall sell and issue to the Purchaser, ten thousand shares of the Series A Convertible Preferred Stock
of the Company for an aggregate purchase price of one hundred and twenty five thousand ($125,000) dollars (the “Purchase
Price”) or twelve dollars ($12.50) and fifty cents per share(the “Per Share Purchase Price”).

 

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

 

ARTICLE
I

PURCHASE AND CLOSING

 

Section
1.1 Purchase and Sale of the Shares. At
the Closing (as defined below), upon the terms and conditions set forth in this Agreement, the Purchaser shall purchase from the
Company, and the Company shall sell and issue to the Purchaser, ten thousand shares (the “Shares”) of the Series A
Convertible Preferred Stock (the “Series A Preferred”) in exchange for the payment by the Purchaser to the Company
of the Purchase Price.

 

Section
1.2 The Closing. The closing of the purchase
and sale of the Shares hereunder (the “Closing”) shall take place remotely via the electronic exchange of documents
and signatures on the date hereof. At the Closing, the Purchaser shall transfer the Purchase Price to the Company via wire transfer
of immediately available funds in accordance with the wire instructions provided by the Company to the Purchaser.

 

Section
1.3 Use of Proceeds. The Company covenants
and agrees that the proceeds of the purchase of the Shares will be used to, directly or indirectly, fund the general corporate
and working capital needs of the Company.

  

ARTICLE
II

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

Section
2.1 Representations and Warranties of the
Company. The Company hereby represents and warrants to the Purchaser as follows:

 

(a)       Organization.
The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

 

(b)       Convertible
Preferred Shares (“CPS”). The Series A Preferred issued to Purchaser hereunder at Closing will, upon issuance,
be validly issued, fully paid and non-assessable, free and clear of liens and restrictions. Assuming the truth and accuracy of
the representations and warranties in Article III below, the issuance of the Shares hereunder will be exempt from registration
under the Securities Act of 1933, as amended (the “Act”), and any applicable state securities laws.

 

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(c)       Conversion
rights. The Series A Preferred have conversion rights that allowing the Purchaser to convert each shares of Series A Preferred
into one thousand (1,000) shares of Common Stock in the Company subject to the terms and conditions of the Certificate of Designation
establishing the Series A Preferred, a copy of which is annexed hereto as Exhibit A.

 

(d)       Authority.
The Company has all requisite limited liability company power and authority to execute and deliver this Agreement and consummate
the transactions contemplated hereby, and the execution, delivery and performance by the Company of this Agreement have been duly
authorized by all requisite action by the Company and this Agreement constitutes a valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally and by general equitable principles (regardless
of whether enforcement is sought in a proceeding at law or in equity).

 

(e)       No
Violation. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
hereby will not, with or without the giving of notice or the lapse of time or both, (i) violate any provision of law, statute,
rule or regulation to which the Company is subject, (ii) violate any order, judgment or decree applicable to the Company or (iii)
conflict with or result in a breach or default under any term or condition of the Company’s governing instruments or any
agreement or other instrument to which it is a party or to which it is bound.

 

(f)       Company
is required to file periodic reports with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”). The reports, schedules, forms, statements and other documents filed by the Company under the
Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, since January 1, 2020, including the
exhibits thereto and documents incorporated by reference therein, are collectively referred to herein as the “SEC Reports.”
As of their respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act and
the Exchange Act, as applicable, and none of the SEC Reports, when filed, 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 the light
of the circumstances under which they were made, not misleading.

 

(g)       The
financial statements of the Company included in the SEC Reports comply in all material respects with applicable accounting requirements
and the rules and regulations of the Commission with respect thereto as in effect at the time of filing. Such financial statements
have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis during
the periods involved (“GAAP”), except as may be otherwise specified in such financial statements or the notes thereto
and except that unaudited financial statements may not contain all footnotes required by GAAP, and fairly present in all material
respects the financial position of the Company and its consolidated Subsidiaries as of and for the dates thereof and the results
of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial,
year-end audit adjustments.

 

ARTICLE
III 

REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER

 

Section
3.1 Representations and Warranties of the
Purchaser. The Purchaser hereby represents and warrants to the Company as follows:

 

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(a)       The
Purchaser has all requisite power and authority to execute and deliver this Agreement and consummate the transactions contemplated
hereby, and the execution, delivery and performance by the Purchaser of this Agreement have been duly authorized by all requisite
action by the Purchaser and this Agreement constitutes a valid and binding obligation of the Purchaser enforceable against the
Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether
enforcement is sought in a proceeding at law or in equity).

 

(b)       The
Purchaser is acquiring the Shares solely for its own account as principal, for investment purposes only and not with a view to
the resale or distribution thereof, in whole or in part, and the Purchaser will hold the Shares as an investment.

 

(c)       The
Purchaser has the financial ability to bear the economic risk of an investment in the Company, has adequate means of providing
for its current needs and contingencies, has no need for liquidity in such investment and could afford a complete loss of such
investment.

 

(d)       With
respect to the investment made in the Shares, the Purchaser is an “Accredited Investor” as such term is defined in
Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission.

 

(e)       The
Purchaser understands that the Shares have not been registered under the Act, or the securities laws of certain states, in reliance
upon specific exemptions from registration thereunder, and agrees that the Shares may not be sold, offered for sale, transferred,
pledged, hypothecated or otherwise disposed of except in compliance with the Act and applicable state securities laws. The Purchaser
understands that it is not anticipated that there will be any market for resale of the Shares and that it may not be possible
for the Purchaser to liquidate an investment in the Shares on a short-term basis. The Purchaser understands the legal consequences
of the foregoing to mean that it must bear the economic risk of investment in the Shares for an indefinite period of time.

 

(f)       The
execution, delivery and performance of this Agreement and the consummation of the transaction contemplated hereby will not, with
or without the giving of notice or the lapse of time or both, (i) violate any provision of law, statute, rule or regulation to
which the Purchaser is subject, (ii) violate any order, judgment or decree applicable to the Purchaser or (iii) conflict with
or result in a breach or default under any term or condition of the Purchaser’s governing instruments or any agreement or
other instrument to which it is a party or to which it is bound.

 

(g)       Purchaser
understands and agrees that the consummation of this Agreement including the transfer of the Shares as contemplated hereby, constitutes
the offer and sale of securities under the Securities Act. Purchaser agrees that such transactions shall be consummated in reliance
on exemptions from the registration and prospectus delivery requirements of such statutes which depend, among other items, on
the circumstances under which such securities are acquired. Purchaser understands that the Shares have not been registered under
the Securities Act and must be held indefinitely without any transfer, sale, or other disposition unless such shares are subsequently
registered under the Securities Act or registration is not required under the Securities Act in reliance on an available exemption
and that all Shares purchased must be held for a minimum of six months under Rule 144 prior to resale, if any. The Shares to be
acquired by the Purchaser under this Agreement will be acquired for the Purchaser’s own account, for investment, and not
with the present intention of resale or distribution of all or any part of the securities. Purchaser agrees that it will refrain
from transferring or otherwise disposing of any of the Shares, or any interest therein, in such manner as to violate the Securities
Act or any applicable state securities law regulating the disposition thereof. Purchaser understands that the Shares being sold
pursuant to this Agreement are being offered and sold in reliance on specific exemptions from the registration requirements of
federal and state securities laws and that the Company is relying upon the truth and accuracy of Purchaser’s representations,
warranties, agreements, and understandings set forth herein to determine Purchaser’s suitability to acquire the Shares.

 

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(h)       Purchaser
has received all the information Purchaser considers necessary or appropriate for deciding whether or not to purchase the Shares.
Purchaser further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the Shares, the Company, its financial information and business. The foregoing, however, does not limit
or modify the representations and warranties of the Company in this Agreement or the right of Purchaser to rely thereon.

 

(i)       Purchaser
is aware, of the financial position of the Company; understands that there is no “established trading market” for
any of the Shares, that the Company is uncertain, at this time, whether there will be any future “established trading market”
for any of the Shares; and that the purchase price being paid for the Shares bears no relationship to assets, book value or other
established criteria of value. Purchaser has conducted its own investigation of the risks and merits of investments in the Company,
and Purchaser has had the opportunity to discuss this documentation with the directors and executive officers of the Company;
to ask questions of these directors and executive officers; and that to the extent requested, all such questions have been answered
to its satisfaction.

 

ARTICLE
IV

MISCELLANEOUS

 

Section
4.1 Survival. The representations and warranties
of the Purchaser and the Company contained herein shall survive the closing of the sale of the Shares and shall remain in full
force and effect until the expiration of the applicable statute of limitations. Neither party may make any claim with respect
to a breach of any of the representations and warranties after the survival date.

 

Section
4.2 Amendment and Waiver. The provisions
of this Agreement may be amended or waived only with the prior written consent of each of the parties hereto.

 

Section
4.3 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable
law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder
of this Agreement.

 

Section
4.4 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Counterparts may be delivered via electronic mail (including
..pdf or any electronic signature, e.g., DocuSign) or other transmission method and any counterparty so delivered shall be deemed
to have been duly and validly delivered and be valid and effective for all purposes.

 

Section
4.5 Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only
and do not constitute a substantive part of this Agreement.

 

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Section
4.6 Governing Law. All questions concerning the construction, validity and interpretation of this Agreement and the exhibits
hereto and the performance of the obligations imposed thereby shall be governed by the internal law, but not the law of conflicts,
of the State of Delaware applicable to transactions to be entirely performed therein.

 

Section
4.7 Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this
Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns
of the parties hereto whether so expressed or not

 

Section
4.8 No Strict Construction. The parties
hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

 

Section
4.9 Complete Agreement. This Agreement
embodies the complete agreement and understanding among the parties with respect to the subject matter hereof and supersede and
preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

 

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{Signature
page to Stock Purchase Agreement}

 

IN
WITNESS WHEREOF, the parties hereto have executed this Stock Purchase Agreement as of the date first written above.

 

	 	THE PURCHASER:	 
	 	 	 
	 	By:	 	 
	 	Name: 	Rick Uhler	 
	 	Title:	Purchaser	 

  

	 	THE COMPANY:	 
	 	 	 
	 	Touchpoint Group Holdings, Inc.	 
	 		 
	 	By:	 	 
	 	Name: 	Mark White	 
	 	Title:	CEO	 

 

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