Document:

Exhibit
10.1

 

THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”) 

 

US
$57,500.00 

 

CYBER
APPS WORLD INC.

10%
CONVERTIBLE REDEEMABLE NOTE

DUE
OCTOBER 22, 2021

  

FOR
VALUE RECEIVED, Cyber Apps World Inc. (the “Company”) promises to pay to the order of BLACK ICE ADVISORS, LLC and
its authorized successors and permitted assigns (“Holder"), the aggregate principal face amount of Fifty Seven
Thousand Five Hundred Dollars (U.S. $57,500.00) on October 22, 2021 ("Maturity Date") and to pay interest on
the principal amount outstanding hereunder at the rate of 10% per annum commencing on October 22, 2020 (“Issuance Date”).
This Note shall contain a $5,000 original issue discount such that the purchase price shall be $52,500. The interest will be paid
to the Holder in whose name this Note is registered on the records of the Company regarding registration and transfers of this
Note. The principal of, and interest on, this Note are payable at 3763 Rosecroft Ct., San Diego, CA 92130, initially, and if changed,
last appearing on the records of the Company as designated in writing by the Holder hereof from time to time. The Company will
pay each interest payment and the outstanding principal due upon this Note before or on the Maturity Date, less any amounts required
by law to be deducted or withheld, to the Holder of this Note by check or wire transfer addressed to such Holder at the last address
appearing on the records of the Company. The forwarding of such check or wire transfer shall constitute a payment of outstanding
principal hereunder and shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented
by such check or wire transfer. Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein.

 

This
Note is subject to the following additional provisions:

 

1. This
Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested by the
Holder surrendering the same. No service charge will be made for such registration or transfer or exchange, except that Holder
shall pay any tax or other governmental charges payable in connection therewith.

 

     

     

    

 

2. The
Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable laws.

 

3. This
Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended ("Act") and
applicable state securities laws. Any attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior
to due presentment for transfer of this Note, the Company and any agent of the Company may treat the person in whose name this
Note is duly registered on the Company's records as the owner hereof for all other purposes, whether or not this Note be overdue,
and neither the Company nor any such agent shall be affected or bound by notice to the contrary. Any Holder of this Note electing
to exercise the right of conversion set forth in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a),
and any prospective transferee of this Note, also is required to give the Company written confirmation that this Note is being
converted ("Notice of Conversion") in the form annexed hereto as Exhibit A. The date of receipt (including
receipt by telecopy) of such Notice of Conversion shall be the Conversion Date.

 

4.(a)The
Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this
Note then outstanding into shares of the Company's common stock (the "Common Stock") at a price ("Conversion
Price") for each share of Common Stock equal to 60% of lowest trading price of the Common Stock
as reported on the National Quotations Bureau OTC exchange which the Company’s shares are traded or any exchange upon which
the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading
days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered
by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the
Holder wishes to include the same day closing price). If the shares have not been delivered within 3 business days, the Notice
of Conversion may be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common Stock to the
Holder within 3 business days of receipt by the Company of the Notice of Conversion. Accrued, but unpaid interest shall be subject
to conversion. No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of
shares issuable shall be rounded to the nearest whole share. To the extent the Conversion Price of the Company’s Common
Stock closes below the par value per share, the Company will take all steps necessary to solicit the consent of the stockholders
to reduce the par value to the lowest value possible under law. The Company agrees to honor all conversions submitted pending
this increase. In the event the Company experiences a DTC “Chill” on its shares, the conversion price shall be
decreased to 50% instead of 60% while that “Chill” is in effect. In no event shall the Holder be allowed to effect
a conversion if such conversion, along with all other shares of Company Common Stock beneficially owned by the Holder and its
affiliates would exceed 4.99% of the outstanding shares of the Common Stock of the Company (which may be increased up to 9.9%
upon 60 days’ prior written notice by the Holder). The conversion discount, look back period and other terms will be adjusted
on a ratchet basis if the Company offers a more favorable conversion discount, interest rate, (whether through a straight discount
or in combination with an original issue discount), look back period or other more favorable term to another party for any financings
while this Note is in effect.

 

 

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(b) Interest
on any unpaid principal balance of this Note shall be paid at the rate of 10% per annum. Interest shall be paid by the Company
in Common Stock ("Interest Shares"). Holder may, at any time, send in a Notice of Conversion to the Company for Interest
Shares based on the formula provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a
portion of the accrued interest calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)
The Notes may be prepaid or assigned with the following penalties/premiums:

 

	DAYS
        FROM

        FUNDING
        DATE
	PREPAY
    AMOUNT
	≤
    30 days	115%
    of principal plus accrued interest
	31-
    60 days	120%
    of principal plus accrued interest
	61-
    90 days 	125%
    of principal plus accrued interest
	91-
    120 days 	130%
    of principal plus accrued interest
	121-
    150 days 	135%
    of principal plus accrued interest
	151-
    180 days 	140%
    of principal plus accrued interest

 

This
Note may not be prepaid after the 180th day. Such redemption must be closed and funded within 3 days of giving notice
of redemption of the right to redeem shall be null and void. Any partial prepayments will be made in accordance with the formula
set forth in the chart above with respect to principal, premium and interest.

 

(d)
 Upon (i) a transfer of all or substantially all of the assets of the Company to any
person in a single transaction or series of related transactions, (ii) a reclassification, capital reorganization or other change
or exchange of outstanding shares of the Common Stock, other than a forward or reverse stock split or stock dividend, or (iii)
any consolidation or merger of the Company with or into another person or entity in which the Company is not the surviving entity
(other than a merger which is effected solely to change the jurisdiction of incorporation of the Company and results in a reclassification,
conversion or exchange of outstanding shares of Common Stock solely into shares of Common Stock) (each of items (i), (ii) and
(iii) being referred to as a "Sale Event"), then, in each case, the Company shall, upon request of the Holder, redeem
this Note in cash for 150% of the principal amount, plus accrued but unpaid interest through the date of redemption, or at the
election of the Holder, such Holder may convert the unpaid principal amount of this Note (together with the amount of accrued
but unpaid interest) into shares of Common Stock immediately prior to such Sale Event at the Conversion Price.

 

(e)
 In case of any Sale Event (not to include a sale of all or substantially all of the
Company’s assets) in connection with which this Note is not redeemed or converted, the Company shall cause effective provision
to be made so that the Holder of this Note shall have the right thereafter, by converting this Note, to purchase or convert this
Note into the kind and number of shares of stock or other securities or property (including cash) receivable upon such reclassification,
capital reorganization or other change, consolidation or merger by a holder of the number of shares of Common Stock that could
have been purchased upon exercise of the Note and at the same Conversion Price, as defined in this Note, immediately prior to
such Sale Event. The foregoing provisions shall similarly apply to successive Sale Events. If the consideration received by the
holders of Common Stock is other than cash, the value shall be as determined by the Board of Directors of the Company or successor
person or entity acting in good faith.

 

 

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5. No
provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6. The
Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice
of dishonor, notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts called for
hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing hereto.

 

7. The
Company agrees to pay all costs and expenses, including reasonable attorneys' fees and expenses, which may be incurred by the
Holder in collecting any amount due under this Note.

 

8. If
one or more of the following described "Events of Default" shall occur:

 

(a) The
Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the Company;
or

 

(b) Any
of the representations or warranties made by the Company herein or in any certificate or financial or other written statements
heretofore or hereafter furnished by or on behalf of the Company in connection with the execution and delivery of this Note, or
the Securities Purchase Agreement under which this note was issued shall be false or misleading in any respect; or

 

(c) The
Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or obligation of
the Company under this Note or any other note issued to the Holder; or

 

(d) The
Company shall (1) become insolvent; (2) admit in writing its inability to pay its debts generally as they mature; (3) make an
assignment for the benefit of creditors or commence proceedings for its dissolution; (4) apply for or consent to the appointment
of a trustee, liquidator or receiver for its or for a substantial part of its property or business; (5) file a petition for bankruptcy
relief, consent to the filing of such petition or have filed against it an involuntary petition for bankruptcy relief, all under
federal or state laws as applicable; or

 

(e) A
trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without
its consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f) Any
governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody or
control of the whole or any substantial portion of the properties or assets of the Company; or

 

 

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(g) One
or more money judgments, writs or warrants of attachment, or similar process, in excess of fifty thousand dollars ($50,000) in
the aggregate, shall be entered or filed against the Company or any of its properties or other assets and shall remain unpaid,
unvacated, unbonded or unstayed for a period of fifteen (15) days or in any event later than five (5) days prior to the date of
any proposed sale thereunder; or

 

(h) The
Company shall have defaulted on or breached any term of any other note of similar debt instrument into which the Company has entered
and failed to cure such default within the appropriate grace period; or

 

(i) The
Company shall have its Common Stock delisted from an exchange (including the OTC Market exchange) or, if the Common Stock trades
on an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days;

 

(j) If
a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of the
Board;

 

(k) The
Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within 3 business
days of its receipt of a Notice of Conversion; or

 

(l)
 The Company shall not replenish the reserve set forth in Section 12, within 3 business
days of the request of the Holder.

 

(m) The
Company shall not be “current” in its filings with the Securities and Exchange Commission; or

 

(n)
 The Company shall lose the “bid” price for its stock in a market (including
the OTC marketplace or other exchange).

 

Then,
or at any time thereafter, unless cured within 5 days, and in each and every such case, unless such Event of Default shall have
been waived in writing by the Holder (which waiver shall not be deemed to be a waiver of any subsequent default) at the option
of the Holder and in the Holder's sole discretion, the Holder may consider this Note immediately due and payable, without presentment,
demand, protest or (further) notice of any kind (other than notice of acceleration), all of which are hereby expressly waived,
anything herein or in any note or other instruments contained to the contrary notwithstanding, and the Holder may immediately,
and without expiration of any period of grace, enforce any and all of the Holder's rights and remedies provided herein or any
other rights or remedies afforded by law. Upon an Event of Default, interest shall accrue at a default interest rate of 24% per
annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law. In
the event of a breach of Section 8(k) the penalty shall be $250 per day the shares are not issued beginning on the 4th
day after the conversion notice was delivered to the Company. This penalty shall increase to $500 per day beginning on the 10th
day. The penalty for a breach of Section 8(n) shall be an increase of the outstanding principal amounts by 20%. Further,
if a breach of Section 8(m) occurs or is continuing after the 6 month anniversary of the Note, then the Holder shall be entitled
to use the lowest closing bid price during the delinquency period as a base price for the conversion. For example, if the lowest
closing bid price during the delinquency period is $0.01 per share and the conversion discount is 50% the Holder may elect to
convert future conversions at $0.005 per share.

 

 

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    5

     

    

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging
an attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’
fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

Make-Whole
for Failure to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the Holder the
conversion shares by the by the 3rd business day following the delivery of a Notice of Conversion to the Company and if the Holder
incurs a Failure to Deliver Loss, then at any time the Holder may provide the Company written notice indicating the amounts payable
to the Holder in respect of the Failure to Deliver Loss and the Company must make the Holder whole as follows:

Failure
to Deliver Loss = [(Highest VWAP price for the 30 trading days on or after the day of exercise) x (Number of conversion shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day
from the time of the Holder’s written notice to the Company.

 

9. In
case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or
unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired
thereby.

 

10. Neither
this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the
Company and the Holder.

 

11. The
Company represents that it is not a “shell” issuer and has never been a “shell” issuer or that if it previously
has been a “shell” issuer that at least 12 months have passed since the Company has reported form 10 type information
indicating it is no longer a “shell” issuer. Further. The Company will instruct its counsel to either (i) write a
144 opinion to allow for salability of the conversion shares or (ii) accept such opinion from Holder’s counsel.

 

12. The
Company shall issue irrevocable transfer agent instructions reserving 1,445,540 shares  of its Common Stock for conversions
under this Note (the “Share Reserve”). Upon full conversion of this Note, any shares remaining in the Share Reserve
shall be cancelled. The Company shall pay all costs and fees associated with issuing and delivering the shares. If such amounts
are to be paid by the Holder, it may deduct such amounts from the principal amount being converted. The company should at all
times reserve a minimum of four times the amount of shares required if the note would be fully converted.  The Holder may
reasonably request increases from time to time to reserve such amounts. The Company will instruct its transfer agent to provide
the outstanding share information to the Holder in connection with its conversions.

 

 

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13. The
Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock splits,
recapitalizations etc. This notice shall be given to the Holder as soon as possible under law.

 

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

 

15. This
Note shall be governed by and construed in accordance with the laws of New York applicable to contracts made and wholly to be
performed within the State of New York and shall be binding upon the successors and assigns of each party hereto. The Holder and
the Company hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State of
New York or in the Federal courts sitting in the county or city of New York. This Agreement may be executed in counterparts, and
the facsimile transmission of an executed counterpart to this Agreement shall be effective as an original.

 

 

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IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

 

Dated:
October 22, 2020

 

CYBER
APPS WORLD INC.

 

	By:	/s/ Mohammed Irfan Rafimiya Kazi	 

Mohammed
Irfan Rafimiya Kazi

Title:
President

 

 

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EXHIBIT
A

  

NOTICE
OF CONVERSION

 

(To
be Executed by the Registered Holder in order to Convert the Note)

 

The
undersigned hereby irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of Cyber
Apps World Inc. (“Shares”) according to the conditions set forth in such Note, as of the date written below.

 

If
Shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes
and charges payable with respect thereto. 

 

Date of Conversion:                                                                                 

Applicable Conversion Price:                                                                               

Signature:                                                                                                                            

                  [Print
Name of Holder and Title of Signer]

Address:                                                                                                                   

                                                                                                                                    

 

SSN or EIN:                                                 

Shares are to be registered in the following name:                                                                 

 

Name:                                                                                                       

Address:                                                                                                 

Tel:                                                       

Fax:                                                                         

SSN or EIN:                                                 

 

Shares are to be sent or delivered to the following account:

 

Account Name:                                                                                                         

Address:                                                                                                                   

 

 

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    9Exhibit 10.2

 

Principal
Amount: $57,000

 

12%
CONVERTIBLE NOTE

DATED October 26, 2020

 

(the
“Issue Date”)

 

THIS
NOTE (the “Note”) is a duly authorized Convertible Note of Cyber Apps World, Inc., a Nevada corporation (the “Company”).

FOR VALUE RECEIVED, the Company therefore promises to pay East Capital Investment Corp. (the “Holder”), the principal
sum of $57,000 (the “Principal Amount”) or such lesser principal amount following the conversion or conversions of
this Note in accordance with Paragraph 2 (the “Outstanding Principal Amount”) twelve (12) months from the date of
issuance hereof (the “Maturity Date”), and to pay interest on the Outstanding Principal Amount (“Interest”)
in a lump sum on the Maturity Date, at the rate of twelve percent (12%) per Annum(the “Rate”) from the date of issuance.

 

Accrual
of Interest shall commence on the date of this Note and continue until the Company repays or provides for repayment in full the
Outstanding Principal Amount and all accrued but unpaid Interest. Accrued and unpaid Interest shall bear Interest at the Rate
until paid, compounded monthly. The Outstanding Principal Amount of this Note is payable on the Maturity Date in such coin or
currency of the United States as at the time of payment is legal tender for payment of public and private debts, at the address
last appearing on the Note Register of the Company as designated in writing by the Holder from time to time. The Company may prepay
principal and interest on this Note at any time before the Maturity Date.

 

The
Company will pay the Outstanding Principal Amount of this Note on the Maturity Date, free of any withholding or deduction of any
kind (subject to the provision of paragraph 2 below), to the Holder as of the Maturity Date and addressed to the Holder at the
address appearing on the Note Register.

 

This
Note is subject to the following additional provisions:

 

1. All
payments on account of the Outstanding Principal Amount of this Note and all other amounts payable under this Note (whether made
by the Company or any other person) to or for the account of the Holder hereunder shall be made free and clear of and without
reduction by reason of any present and future income, stamp, registration and other taxes, levies, duties, cost, and charges whatsoever
imposed, assessed, levied or collected by the United States or any political subdivision or taxing authority thereof or therein,
together with interest thereon and penalties with respect thereto, if any, on or in respect of this Note (such taxes, levies,
duties, costs and charges being herein collectively called “Taxes”).

 

2. The
Holder of this Note is entitled, at its option, one hundred eighty (180) days after the Company’s receipt of the proceeds
of the Note, to convert all or any lesser portion of the Outstanding Principal Amount and accrued but unpaid Interest into Common
Stock at a conversion price equal to a price which is a 40% discount from the lowest one (1) trading price in the twenty (20)
days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties (the
“Fixed Conversion Price”) (The Common stock into which the Note is converted shall be referred to in this agreement
as “Conversion Shares”). Further, Holder shall be entitled to include $1,200.00 from the total conversion amount in
each Notice of Conversion to cover Holder’s deposit fees associated with each Notice of Conversion, provided however, deposit
fees in the aggregate shall not exceed $10,000. The Issuer will not be obligated to issue fractional Conversion Shares. The Holder
may convert this Note into Common Stock by surrendering the Note to the Company, with the form of conversion notice attached to
the Note as Exhibit B, executed by the Holder of the Note evidencing such Holder’s intention to convert the Note. If the
Borrower is unable to issue any shares under this provision due to the fact that there is an insufficient number of authorized
and unissued shares available, the Holder promises not to force the Borrower to issue these shares or trigger an Event of Default,
provided that Borrower takes immediate steps required to get the appropriate level of approval from shareholders or the board
of directors, where applicable to raise the number of authorized shares to satisfy the Notice of Conversion.

 

     

     

    

 

The
Company will not issue fractional shares or scrip representing fractions of shares of Common Stock on conversion, but the Company
will round the number of shares of Common Stock issuable up to the nearest whole share. The date on which a Notice of Conversion
is given shall be deemed to be the date on which the Holder notifies the Company of its intention to so convert by delivery, by
facsimile transmission or otherwise, of a copy of the Notice of Conversion. Notice of Conversion may be sent by email to the Company,
Attn: CEO, COO. The Holder will deliver this Note, together with original executed copy of the Notice of Conversion, to the Company
within three (3) business days following the Conversion Date. At the Maturity Date, the Company will pay any unconverted Outstanding
Principal Amount and accrued Interest thereon, at the option of the Company, in either (a) cash or (b) Common Stock valued at
a price equal to the Fixed Conversion Price determined as if the Note was converted in accordance with its terms into Common Stock
on the Maturity Date.

 

Notwithstanding
the foregoing conversion privilege, in no event shall Issuer have the right to convert into, nor shall the Issuer issue to such
Holder, shares of Common Stock to the extent that such conversion would result in the Holder and its affiliates together beneficially
owning more than 4.99% of the then issued and outstanding shares of Common Stock. For purposes hereof, beneficial ownership shall
be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G thereunder.

 

3. No
provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to the payment
of the Outstanding Principal Amount of this Note at the Maturity Date, and in the coin or currency herein prescribed.

 

4. If
at any time or from time to time after the date of this Note, the Common Stock issuable upon the conversion of the Note is changed
into the same or different numbers of shares of any class or classes of stock, whether by recapitalization or otherwise, then
in each such event the Holder shall have the right thereafter to convert the Note into the kind of security receivable in such
recapitalization, reclassification or other change by holders of Common Stock, all subject to further adjustment as provided herein.
In such event, the formulae set forth herein for conversion and redemption shall be equitably adjusted to reflect such change
in number of shares or, if shares of a new class of stock are issued, to reflect the market price of the class or classes of stock
issued in connection with the above described transaction.

 

5. If
the Company in any manner issues or sells or enters into any agreement to issue or sell, any Common Stock, Options or Convertible
Securities (any such securities, “Variable Price Securities”), after the date of issuance hereof that are issuable
pursuant to such agreement or convertible into or exchangeable or exercisable for shares of Common Stock at a price which varies
or may vary with the market price of the shares of Common Stock, including by way of one or more reset(s) to a fixed price, but
exclusive of such formulations reflecting customary anti-dilution provisions (such as share splits, share combinations, share
dividends and similar transactions) (each of the formulations for such variable price being herein referred to as, the “Variable
Price”), the Company shall provide written notice thereof via facsimile and overnight courier to the Holder on the date
of such agreement and the issuance of such Convertible Securities or Options. From and after the date the Company enters into
such agreement or issues any such Variable Price Securities, the Holder shall have the right, but not the obligation, in its sole
discretion to substitute the Variable Price for the Fixed Conversion Price upon conversion of this Note by designating in the
Conversion Notice delivered upon any conversion of this Note that solely for purposes of such conversion the Holder is relying
on the Variable Price rather than the Fixed Conversion Price then in effect. The Holder’s election to rely on a Variable
Price for a particular conversion of this Note shall not obligate the Holder to rely on a Variable Price for any future conversion
of this Note. In addition, from and after the date the Company enters into such agreement or issues any such Variable Price Securities,
for purposes of calculating the Conversion Price as of any time of determination, the “Fixed Conversion Price” as
used therein shall mean the lower of (x) the Fixed Conversion Price as of such time of determination and (y) the Variable Price
as of such time of determination.

 

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6. Events
of Default

 

6.1. A
default shall be deemed to have occurred upon any one of the following events:

 

6.1.1. Withdrawal
from registration of the Issuer under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), either
voluntary or involuntary.

 

6.1.2. Issuer
filing for bankruptcy protection under the federal bankruptcy laws, the calling of a meeting of creditors, or any act of insolvency
under any state law regarding insolvency, without written notification to the Investor within five business days of such filing,
meeting or action.

 

6.1.3. 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 issued to the Holder upon
conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer
agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw
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 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.

 

6.1.4. Failure
to pay the principal and unpaid but accrued interest on the Note when due.

 

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

 

6.1.6. 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.

 

6.1.7. The
failure by Borrower to maintain any material intellectual property rights, personal, real property or other assets which are necessary
to conduct its business (whether now or in the future).

 

6.1.8. The
Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

 

6.1.9. 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, fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase
Agreement (including but not limited to the provision to irrevocable reserve shares of Common Stock in the Reserved Amount) signed
by the successor transfer agent to Holder and the Borrower.

 

6.1.10. The
failure by Borrower to pay any and all Post-Closing Expenses as defined herein.

 

6.1.11. From
and after the initial trading, listing or quotation of the Common Stock on a Principal Market, an event resulting in the Common
Stock no longer being traded, listed or quoted on a Principal Market; failure to comply with the requirements for continued quotation
on a Principal Market; or notification from a Principal Market that the Borrower is not in compliance with the conditions for
such continued quotation and such non-compliance continues for seven (7) trading days following such notification.

 

    3

     

    

 

6.2. Default
remedies. Upon the occurrence and during the continuation of any Event of Default specified in Section 6.1. (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
6.1., THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS
OBLIGTAIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN)). Upon the occurrence and during the continuation
of any Event of Default specified in Sections 6.1. (solely with respect to failure to pay the principal hereof or interest thereon
when due on this Note, 6.1.1, 6.1.2, 6.1.5, 6.1.6, 6.1.7, 6.1.8, 6.1.9, 6.1.10, 6.1.11 exercisable through the delivery of written
notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence of an Event of Default specified
in the remaining sections of Section 6.1. (other than failure to pay the principal hereof or interest thereon at the Maturity
Date specified in Section 6.1. 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) (the then outstanding principal amount of this Note to the date of payment plus the amounts referred
to in clauses (x) and (y) 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, 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 such breach in respect of a specific Conversion 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 low 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.

 

 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 7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note’s email or 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 Notice. On the date fixed for prepayment (the “Optional 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: (i) the then outstanding principal amount of this Note plus (ii) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment Date plus (iii) Default Interest, if any accrued thereon. 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 7.

    4

     

    

 

	Prepayment
    Period	Prepayment
    Percentage
	1.
    The period beginning on the Issue Date and ending on the date which is one hundred twenty (120) days following the Issue Date.	120%
	2.
    The period beginning one hundred twenty-one (121) days following the Issue Date and ending on the date which is one hundred
    fifty (150) days following the Issue Date.	135%
	3.
    The period beginning one hundred fifty-one (151) days following the Issue Date and ending on the date which is one hundred
    eighty (180) days following the Issue Date.	145%

 

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

 

8. The
Company covenants that until all amounts due under this Note are paid in full, by conversion or otherwise, unless waived by the
Holder or subsequent Holder in writing, the Company shall:

 

give
prompt written notice to the Holder of any Event of Default or of any other matter which has resulted in, or could reasonably
be expected to result in a materially adverse change in its financial condition or operations;

 

give
prompt notice to the Holder of any claim, action or proceeding which, in the event of any unfavorable outcome, would or could
reasonably be expected to have a Material Adverse Effect (as defined below) on the financial condition of the Company;

 

at
all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion
of this Note into Common Stock, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient
to effect the conversion of the Outstanding Principal Amount of this Note into Common Stock.

 

“Material
Adverse Effect” means (i) any condition, occurrence, state of facts or event having, or insofar as reasonably can
be foreseen would likely have, any material adverse effect on the legality, validity or enforceability of the Transaction Documents
or the transactions contemplated thereby, (ii) any condition, occurrence, state of facts or event having, or insofar as reasonably
can be foreseen would likely have, any effect on the business, operations, properties or financial condition of the Company that
is material and adverse to the Company and its Subsidiaries, taken as a whole, and/or (iii) any condition, occurrence, state of
facts or event that would, or insofar as reasonably can be foreseen would likely, prohibit or otherwise materially interfere with
or delay the ability of the Company to perform any of its obligations under any of the Transaction Documents to which it is a
party.

 

9. Upon
receipt by the Company of evidence from the Holder reasonably satisfactory to the Company of the loss, theft, destruction or mutilation
of this Note,

 

(i) in
the case of loss, theft or destruction, upon provision of indemnity reasonably satisfactory to it and/or its transfer agent, or

 

(ii) in
the case of mutilation, upon surrender and cancellation of this Note, then the Company at its expense will execute and deliver
to the Holder a new Note, dated the date of the lost, stolen, destroyed or mutilated Note, and evidencing the outstanding and
unpaid principal amount of the lost, stolen, destroyed or mutilated Note.

 

    5

     

    

 

10. If
any term in this Note is found by a court of competent jurisdiction to be unenforceable, then the entire Note shall be rescinded,
the consideration proffered by the Holder for the remaining Debt acquired by the Holder not converted by the Holder in accordance
with this Note shall be returned in its entirety and any Conversion Shares in the possession or control of the Investor shall
be returned to the Issuer.

 

11. The
Note and the Agreement between the Company and the Holder (including all Exhibits thereto) constitute the full and entire understanding
and agreement between the Company and the Holder with respect to the subject hereof. Neither this Note nor any term hereof may
be amended, waived, discharged or terminated other than by a written instrument signed by the Company and the Holder.

 

12. This
Note shall be governed by and construed in accordance with the laws of the State of Utah without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall
be brought only in the state courts of Utah or in the federal courts located in Salt Lake County, Utah.

 

13. Conditions.
The Issuer acknowledges the Investor’s participation in respect to this Agreement is on a conditions permitting basis. In
the event that the transaction risk profile substantially changes, market pricing or implied volatility substantially change,
due diligence raises concerns or any other conditions material to the successful closing of the transaction change, the Investor
reserves the right to terminate the Agreement at any time before delivering to the Non-Affiliate Debtholder the cash consideration
as described hereof.

 

14. Miscellaneous.

 

14.1. Counterparts.
This Agreement may be executed in any number of counterparts by original, facsimile or email signature. All executed counterparts
shall constitute one Agreement not withstanding that all signatories are not signatories to the original or the same counterpart.
Facsimile and scanned signatures are considered original signatures.

 

14.2. Severability.
This Agreement is not severable. If any term in this Agreement is found by a court of competent jurisdiction to be unenforceable,
then the entire Agreement shall be rescinded, the outstanding principal and accrued and unpaid interest including Default Interest,
at such time, not converted by the Investor in accordance with this Agreement shall be returned in its entirety and all remaining
Conversion Shares in the possession or control of the Investor or reserved by the Company’s Transfer Agent shall be released
and returned to the Issuer.

 

14.3. Legal
Fees. Except as provided in this agreement, each Party will bear its own legal expenses in the execution of this Agreement. If
the Issuer defaults and the Investor is required to expend funds for legal fees and expenses, such costs will be reimbursed to
the Investor, solely by the Issuer.

 

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

 

14.5. Modification.
This Agreement and the Note may only be modified in a writing signed by all Parties.

 

    6

     

    

 

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed by an officer thereunto duly authorized, as of the
date first written above.

 

	 	CYBER APPS WORLD, INC.
	 	 	 
	 	By:	/s/
    Mohammed Irfan Rafimiya Kazi
	 	 	Mohammed Irfan Rafimiya Kazi, President

 

    7

     

    

 

Exhibit B.

 

NOTICE
OF CONVERSION

 

The
undersigned hereby elects to convert an aggregate of $________________ of the Note (as further defined below) into Shares of Common
Stock of Cyber Apps World, Inc., a Nevada Corporation (the “Borrower”) according to the conditions of the Convertible
Note of the Borrower dated as of October __, 2020 (the “Note”), including transfer and deposit fees (defined
below), as applicable, 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 with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

 

Name
of DTC 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:

 

East
Capital Investment Corp.

EIN #: ________________

 

Date of Conversion:                                                              

 

Principal Amount Converted:                                                              

 

Interest Amount:                                                              

 

Deposit Fees pursuant to Sect. 2:                                                              

 

Total
Conversion Amount:                                                              

 

Conversion
Price:                                                              

 

Shares to Be Delivered:                                                              

 

Remaining Principal Balance Due

 After Conversion:                                                              

 

Signature                                                              

Print Name:                                                              

 

    8

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