Document:

Exhibit
4.6

 

REE
AUTOMOTIVE, LTD. EMPLOYEE STOCK PURCHASE PLAN

 

Section
1.  Purpose. This REE Automotive, Ltd.
Employee Stock Purchase Plan (the “Plan”) is intended to provide Eligible Employees of the Company and the Participating
Companies with an opportunity to acquire a proprietary interest in the Company through the purchase of Shares. The Plan has two components:
(a) one component (the “423 Component”) is intended to qualify as an “employee stock purchase plan” under
Section 423(b) of the Code, and the Plan will be interpreted in a manner that is consistent with that intent, and (b) the other component
(the “Non-423 Component”), which is not intended to qualify as an “employee stock purchase plan” under
Section 423 of the Code, authorizes the grant of options pursuant to rules, procedures or sub-plans adopted by the Committee that are
designed to achieve tax, securities laws or other objectives for Eligible Employees. Rights granted under the Non-423 Component shall
be granted pursuant to separate Offerings containing such sub-plans, appendices, rules or procedures as may be adopted by the Committee
and designed to achieve tax, securities laws or other objectives for Eligible Employees and Participating Companies but shall not be
intended to qualify as an “employee stock purchase plan” under Section 423 of the Code. Except as otherwise provided
herein or as may be determined by the Committee, the Non-423 Component will operate and be administered in the same manner as the 423
Component. Offerings intended to be made under the Non-423 Component will be designated as such by the Committee at or prior to the time
of such Offering.

 

For
purposes of the Plan, the Committee may designate separate Offerings under the Plan in which Eligible Employees will participate. The
terms of these Offerings need not be identical, even if the dates of the applicable Offering Period(s) in each such Offering are identical,
provided that the terms of participation are the same within each separate Offering under the 423 Component (as determined under Section
423 of the Code). Solely by way of example and without limiting the foregoing, the Company could, but shall not be required to, provide
for simultaneous Offerings under the 423 Component and the Non-423 Component of the Plan.

 

Section
2.  Definitions

 

Wherever
the following terms are used in the Plan, they shall have the meanings specified below unless the context clearly indicates otherwise.

 

(a)
“Affiliate” means any entity that, directly or indirectly through one or more intermediaries, controls, is controlled
by, or is under common control with, the Company.

 

(b)
“Applicable Law” means the requirements relating to the administration of employee stock purchase plans under U.S.
federal and state securities, tax and other applicable laws, rules and regulations, the applicable rules of any stock exchange or quotation
system on which Shares are listed or quoted and the applicable laws and rules of any non-U.S. country or other jurisdiction where rights
under the Plan are granted.

 

(c)
“Board” means the Board of Directors of the Company.

 

(d)
“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rules, regulations and guidance
thereunder. Any reference to a provision in the Code shall include any successor provision thereto.

 

     

     

    

 

(e)
“Commission” means the Securities and Exchange Commission.

 

(f)
“Committee” means a committee of the Board established or appointed by the Board to administer the Plan. If the Board
does not designate such committee, references herein to the “Committee” shall refer to the Board.

 

(g)
“Company” means REE Automotive, Ltd., an Israeli company, including any successor thereto.

 

(h)
“Compensation” means all base salary, wages, annual bonuses and commissions paid to an Eligible Employee by the Company
or a Participating Company as compensation for services to the Company or Participating Company, before deduction for any salary deferral
contributions made by the Eligible Employee to any tax-qualified or nonqualified deferred compensation plan, including overtime, vacation
pay, holiday pay, parental leave pay, jury duty pay and funeral leave pay, but excluding car allowances, transit payments, relocation
assistance, reimbursements (such as travel expenses, financial planning, tuition assistance, adoption assistance and similar reimbursements
and advances), imputed income, cost-of-living allowances, tax gross-ups, nonqualified deferred compensation plan payments, severance
or termination pay, third party sick pay, income relating to equity or equity-based compensation, cash incentive compensation, commissions,
special cash awards or bonuses (such as recognition awards or referral bonuses), and other irregular and special payments that are non-recurring,
and income received in connection with stock options or other equity-based awards.

 

(i)
“Corporate Transaction” means a merger, consolidation, acquisition of property or stock, separation, reorganization
or other corporate event described in Section 424 of the Code.

 

(j)
“Designated Broker” means the financial services firm or other agent designated by the Company to maintain ESPP Share
Accounts on behalf of Participants who have purchased Shares under the Plan.

 

(k)
“Effective Date” means, once the Plan is adopted by the Board and approved by the shareholders of the Company in accordance
with ‎Section 20(k) of the Plan, the later of (i) the date on which the registration statement covering the offering of the Shares
is declared effective by the Commission and (ii) a date to be determined by the Committee.

 

(l)
“Eligible Employee” means:

 

(i)
With respect to the 423 Component, an Employee who (i) has been employed by the Company or a Participating Company for at least six (6)
months and (ii) is customarily employed for at least twenty (20) hours per week and more than five (5) months in any calendar year; provided
that executive officers, members of the Board and managing directors, in each case who are “highly compensated employees”
of the Company or a Participating Company (within the meaning of Section 414(q) of the Code), shall not constitute “Eligible Employees.”
Notwithstanding the foregoing, the Committee (a) may exclude from participation in the Plan or any Offering any other Employees who are
“highly compensated employees” or sub-set of such “highly compensated employees” provided
the exclusion is applied in an identical manner to all “highly compensated employees” of the Company and all Participating
Companies whose Employees are offered options under the Plan or any Offering in a manner that is compliant with Section 423 of the Code
and (b) shall exclude any Employees located outside of the United States to the extent permitted under Section 423 of the Code

 

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(ii)
With respect to the Non-423 Component, such Employees as determined by the Committee; provided that no Employee may qualify as
an Eligible Employee under the Non-423 Component if such Employee is subject to taxation in the United States.

 

(m)
“Employee” means any person who renders services to the Company or a Participating Company as an employee
pursuant to an employment relationship with such employer, and, with respect to the 423 Component, a person who is an
employee within the meaning of Section 3401(c) of the Code. For purposes of the Plan, the employment relationship shall be
treated as continuing intact while the individual is on military leave, sick leave or other leave of absence approved by the
Company or a Participating Company that meets the requirements of Treasury Regulation Section 1.421-1(h)(2). Where the period
of leave exceeds three (3) months, or such other period of time specified in Treasury Regulation Section 1.421-1(h)(2), and
the individual’s right to re-employment is not guaranteed by statute or contract, the employment relationship shall be
deemed to have terminated on the first day immediately following such three-month period, or such other period specified in
Treasury Regulation Section 1.421-1(h)(2).

 

(n)
“Enrollment Form” means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize
a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.

 

(o)
“ESPP Share Account” means an account into which Shares purchased with accumulated payroll deductions at the end of
an Offering Period are held on behalf of a Participant.

 

(p)
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations
and guidance thereunder. Any reference to a provision in the Exchange Act shall include any successor provision thereto.

 

(q)
“Fair Market Value” means, as of any date, the closing price of a Share on the Trading Day immediately preceding the
date of determination (or, if there is no reported sale on such date, on the last preceding date on which any reported sale occurred),
on the principal stock market or exchange on which Shares are quoted or traded, or if Shares are not so quoted or traded, the fair market
value of a Share as determined by the Committee in its discretion and such determination shall be conclusive and binding on all persons.

 

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(r)
“Offering” means an offer under the Plan of a right to purchase Shares that may be exercised during an Offering Period.
Unless otherwise specified by the Committee, each Offering to the Eligible Employees of the Company or a Participating Company shall
be deemed a separate Offering, even if the dates and other terms of the applicable Offering Periods of each such Offering are identical,
and the provisions of the Plan will separately apply to each Offering. To the extent permitted by Treas. Reg. § 1.423-2(a)(1), the
terms of each separate Offering under the 423 Component need not be identical, provided that the terms of the 423 Component and an Offering
thereunder together satisfy Treas. Reg. § 1.423-2(a)(2) and (a)(3).

 

(s)
“Offering Date” means the first Trading Day of each Offering Period as designated by the Committee.

 

(t)
“Offering Period” has the meaning set forth in ‎Section 5.

 

(u)
“Offering Period Limit” has the meaning set forth in Section ‎Section 7.

 

(v)
“Participant” means an Eligible Employee who is actively participating in the Plan.

 

(w)
“Participating Companies” means the Subsidiaries and Affiliates that have been designated as eligible to
participate in the Plan, and such other Subsidiaries and Affiliates that may be designated by the Committee from time to time
in its sole discretion. For purposes of the 423 Component, only the Company and its Subsidiaries may be Participating
Companies; provided, however, that at any given time, a Subsidiary that is a Participating Company under the
423 Component will not be a Participating Company under the Non-423 Component. The Committee may so designate any Subsidiary
or Affiliate, or revoke any such designation, at any time and from time to time, either before or after the Plan is approved
by the shareholders of the Company.

 

(x)
“Plan” means this REE Automotive, Ltd. Employee Stock Purchase Plan, as set forth herein, and as amended from time
to time.

 

(y)
“Purchase Date” means the last Trading Day of each Offering Period.

 

(z)
“Purchase Price” means the purchase price designated by the Committee with respect to each Offering (which purchase
price, for purposes of the 423 Component, shall not be less than 85% of the Fair Market Value of a Share on the Offering Date or on the
Purchase Date, whichever is lower); provided, however, that, in the event no purchase price is designated by the Committee
with respect to any Offering, the purchase price for the Offering Periods in such Offering shall be 85% of the Fair Market Value of a
Share on the Offering Date or on the Purchase Date, whichever is lower; provided, further, that the Purchase Price may be adjusted by
the Committee pursuant to ‎Section 18 of the Plan and shall not be less than the par value of a Share.

 

(aa)
“Securities Act” means the Securities provision Act of 1933, as amended from time to time, and the rules, regulations
and guidance thereunder. Any reference to a provision in the Securities Act includes any successor thereof.

 

(bb)
“Share” means an ordinary share of the Company.

 

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(cc)
“Subsidiary” means any corporation, domestic or foreign, of which not less than 50% of the combined voting power is
held by the Company or a Subsidiary, whether or not such corporation exists now or is hereafter organized or acquired by the Company
or a Subsidiary. In all cases, the determination of whether an entity is a Subsidiary shall be made in accordance with Section 424(f)
of the Code.

 

(dd)
“Trading Day” means any day on which the national stock exchange upon which the Shares are listed is open for trading
or, if the Shares are not listed on an established stock exchange or national market system, a business day, as determined by the Committee
in good faith.

 

(ee)
“Treasury Regulation” means the Treasury regulations of the Code. Any reference to a provision in a Treasury regulation
includes any successor provision thereto.

 

Section
3. Administration.

 

(a)
Administration of Plan. The Plan shall be administered by the Committee which shall have the authority to construe and interpret
the Plan, prescribe, amend and rescind rules relating to the Plan’s administration and take any other actions necessary or desirable
for the administration of the Plan including, without limitation, adopting sub-plans applicable to particular Participating Companies
or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code and under the Non-423 Component. With
respect to the Non-423 Component, the rules of such sub-plans may take precedence over other provisions of the Plan, with the exception
of Section 13 hereof, but unless otherwise superseded by the terms of such sub-plan, the provisions of the Plan shall govern the operation
of such sub-plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency or ambiguity in the Plan.
The decisions of the Committee shall be final and binding on all persons. All expenses of administering the Plan shall be borne by the
Company. Notwithstanding anything in the Plan to the contrary and without limiting the generality of the foregoing, the Committee shall
have the authority to change the minimum amount of Compensation for payroll deductions pursuant to ‎Section 6(a) of the Plan, the
frequency with which a Participant may elect to change their rate of payroll deductions pursuant to ‎Section 6(b), the dates by which
a Participant is required to submit an Enrollment Form pursuant to ‎Sections 6(b) and 10(a) of the Plan, and the effective date
of a Participant’s withdrawal due to termination of employment or change in status pursuant to ‎Section 11, and the withholding
procedures pursuant to ‎Section 20(n).

 

(b)
Delegation of Authority. To the extent permitted by Applicable Law, the Committee may delegate to (i) one or more officers of
the Company some or all of its authority under the Plan and (ii) one or more committees of the Board some or all of its authority under
the Plan.

 

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Section
4.  Eligibility. In order to participate in an Offering, an Eligible Employee must deliver a completed Enrollment Form to the
Company at least five (5) business days prior to the Offering Date (unless a different time is set by the Committee for all Eligible
Employees with respect to such Offering) and must elect his or her payroll deduction rate as described in ‎Section 6.
Notwithstanding any provision of the Plan to the contrary, no Eligible Employee shall be granted an option under the Plan if (i)
immediately after the grant of the option, such Eligible Employee (or any other person whose stock would be attributed to such
Eligible Employee pursuant to Section 424(d) of the Code) would own capital stock of the Company or hold outstanding options to
purchase stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any
Subsidiary or (ii) such option would permit his or her rights to purchase stock under all employee stock purchase plans (described
in Section 423 of the Code) of the Company and its Subsidiaries to accrue at a rate that exceeds $25,000 of the Fair Market Value of
such stock (determined at the time the option is granted) for each calendar year in which such option is outstanding at any time, in
accordance with the provisions of Section 423(b)(8) of the Code.

 

Section
5. Offering Periods. The Plan shall be implemented by a series of Offering Periods, each of which shall be six (6) months
in duration, with new Offering Periods commencing on or about January 1 and July 1 of each year (or such other times as determined
by the Committee). The Committee shall have, prior to the commencement of a particular Offering Period, the authority to change
the duration, frequency, start and end dates of Offering Periods (subject to a maximum Offering Period of twenty-seven (27) months).

 

Section
6. Participation.

 

(a)
Enrollment; Payroll Deductions. An Eligible Employee may elect to participate in the Plan by properly completing an Enrollment
Form, which may be electronic, and submitting it to the Company, in accordance with the enrollment procedures established by the Committee.
Participation in the Plan is entirely voluntary. By submitting an Enrollment Form, which may be electronic, the Eligible Employee authorizes
payroll deductions from his or her pay check in an amount equal to at least one percent (1%), but not more than twenty percent (20%)
of his or her Compensation on each pay day occurring during an Offering Period (or such other maximum percentage as the Committee may
establish from time to time before an Offering Period begins). Payroll deductions shall commence as soon as practicable following the
Offering Date and end on the latest practicable payroll date on or before the Purchase Date. The Company shall maintain records of all
payroll deductions but shall have no obligation to pay interest on payroll deductions or to hold such amounts in a trust or in any segregated
account. Unless expressly permitted by the Committee, a Participant may not make any separate contributions or payments to the Plan.

 

(b)
Election Changes. During an Offering Period, a Participant may decrease or increase his or her rate of payroll deductions applicable
to such Offering Period only once. To make such a change, the Participant must submit a new Enrollment Form authorizing the new rate
of payroll deductions at least fifteen (15) days before the Purchase Date. A Participant may decrease or increase his or her rate of
payroll deductions for future Offering Periods by submitting a new Enrollment Form authorizing the new rate of payroll deductions at
least fifteen days before the start of the next Offering Period.

 

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(c)
Automatic Re-enrollment. The deduction rate selected in the Enrollment Form shall remain in effect for subsequent Offering Periods
unless the Participant (i) submits a new Enrollment Form authorizing a new level of payroll deductions in accordance with this ‎Section
6, (ii) withdraws from the Plan in accordance with ‎Section 10, or (iii) terminates employment or otherwise becomes ineligible to
participate in the Plan.

 

(d)
Non-U.S. Employees. In order to facilitate participation in the Plan, the Committee may provide for such special terms applicable
to Participants who are citizens or residents of a non-U.S. jurisdiction, or who are employed by a Participating Company outside of the
United States, as the Committee may consider necessary or appropriate to accommodate differences in local law, tax policy or custom.
Except as permitted by Section 423 of the Code, with respect to the 423 Component, such special terms may not be more favorable than
the terms of rights granted under the 423 Component to Eligible Employees who are residents of the United States. Such special terms
may be set forth in an addendum to the Plan in the form of an appendix or sub-plan (which appendix or sub-plan may be designed to govern
Offerings under the 423 Component or the Non-423 Component, as determined by the Committee). With respect to the Non-423 Component only,
to the extent that the terms and conditions set forth in an appendix or sub-plan conflict with any provisions of the Plan, the provisions
of the appendix or sub-plan shall govern. Without limiting the foregoing, the Committee is specifically authorized to adopt rules and
procedures, with respect to Participants who are non-U.S. nationals or employed in non-U.S. jurisdictions, regarding the exclusion of
particular Subsidiaries from participation in the Plan, eligibility to participate, the definition of Compensation, handling of payroll
deductions or other contributions by Participants, payment of interest, conversion of local currency, data privacy security, payroll
tax, withholding procedures, establishment of bank or trust accounts to hold payroll deductions or contributions.

 

Section
7.  Grant of Option. On each Offering
Date, each Participant in the applicable Offering Period shall be granted an option to purchase, on the Purchase Date, a number of Shares
determined by dividing the Participant’s accumulated payroll deductions by the applicable Purchase Price; provided, that
the maximum number of Shares that may be purchased by each Participant during an Offering Period shall not exceed 25,000 Shares (subject
to adjustment in accordance with ‎Section 18 and the limitations set forth in ‎Section 4 and ‎Section 13 of the Plan) (the
“Offering Period Limit”).

 

Section
8.  Exercise of Option/Purchase of Shares.
A Participant’s option to purchase Shares will be exercised automatically on the Purchase Date of each Offering Period. The Participant’s
accumulated payroll deductions will be used to purchase the maximum number of whole Shares that can be purchased with the amounts in
the Participant’s notional account, subject to the Offering Period Limit and the limitations set forth in ‎Section 4 and ‎Section
13 of the Plan. No fractional Shares may be purchased, but contributions unused in a given Offering Period due to being less than the
cost of a Share will be carried forward to the next Offering Period, subject to earlier withdrawal by the Participant in accordance with
‎Section 10 or termination of employment or change in employment status in accordance with ‎Section 11. During a Participant’s
lifetime, the Participant’s option to purchase Shares under the Plan is exercisable only by the Participant.

 

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Section
9.  Transfer of Shares. As soon as administratively
practicable after each Purchase Date, the Company will arrange for the delivery to each Participant of the Shares purchased upon exercise
of his or her option. The Committee may permit or require that the Shares be deposited directly into an ESPP Share Account established
in the name of the Participant with a Designated Broker and may require that the Shares be retained with such Designated Broker for a
specified period of time. Participants will not have any voting, dividend or other rights of a shareholder with respect to the Shares
subject to any option granted hereunder until such Shares have been delivered pursuant to this ‎Section 9.

 

Section
10.  Withdrawal.

 

(a)
Withdrawal Procedure. A Participant may withdraw from an Offering by submitting to the Company a revised Enrollment Form indicating
his or her election to withdraw at least fifteen (15) days before the Purchase Date. The accumulated payroll deductions held on behalf
of a Participant in his or her notional account (that have not been used to purchase Shares) shall be paid to the Participant promptly
following receipt of the Participant’s Enrollment Form indicating his or her election to withdraw and the Participant’s option
shall be automatically terminated. If a Participant withdraws from an Offering Period, no payroll deductions will be made during any
succeeding Offering Period, unless the Participant re-enrolls in accordance with ‎Section 6(a) of the Plan.

 

(b)
Effect on Succeeding Offering Periods. A Participant’s election to withdraw from an Offering Period will not have any effect
upon his or her eligibility to participate in succeeding Offering Periods that commence following the completion of the Offering Period
from which the Participant withdraws.

 

Section
11.  Termination of Employment; Change in Employment Status.

 

(a)
Notwithstanding ‎Section 10, upon termination of a Participant’s employment for any reason prior to the Purchase Date, including
death, disability or retirement, or a change in the Participant’s employment status following which the Participant is no longer
an Eligible Employee, the Participant will be deemed to have withdrawn from an Offering in accordance with ‎Section 10 and the payroll
deductions in the Participant’s notional account (that have not been used to purchase Shares) shall be returned to the Participant,
or in the case of the Participant’s death, to the person(s) entitled to such amounts by will or the laws of descent and distribution,
and the Participant’s option to purchase Shares shall be automatically terminated. If the Participant’s termination of employment
or change in status occurs within ten (10) days before a Purchase Date, the accumulated payroll deductions shall be used to purchase
Shares on the Purchase Date.

 

(b)
Unless otherwise determined by the Committee, a Participant whose employment transfers or whose employment terminates with an immediate
rehire (with no break in service) by or between the Company or a Participating Company will not be treated as having terminated employment
for purposes of participating in the Plan or an Offering; however, if a Participant transfers from an Offering under the 423 Component
to an Offering under the Non-423 Component, the exercise of the Participant’s option to purchase Shares will be qualified under
the 423 Component only to the extent that such exercise complies with Section 423 of the Code. If a Participant transfers from
an Offering under the Non-423 Component to an Offering under the 423 Component, the exercise of the Participant’s option to purchase
Shares will remain non-qualified under the Non-423 Component.

 

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Section
12.  Interest. No interest shall accrue on or be payable with
respect to the payroll deductions of a Participant in the Plan.

 

Section
13.  Shares Reserved for Plan.

 

(a)
Number of Shares. The maximum number of Shares available for issuance under the Plan shall initially not exceed in the aggregate
4,628,524 Shares, subject to adjustment as provided in ‎Section 18. The Shares may be newly issued Shares, treasury Shares or Shares
acquired on the open market. The total number of Shares available for purchase under the Plan shall be increased on the first day of
each Company fiscal year following the Effective Date in an amount equal to the lesser of (i) 4,628,524 Shares, (ii) 1.0% of the total
number of Shares outstanding as of the end of the last day of the immediately preceding calendar year and (iii) such number of Shares
as determined by the Board in its discretion; provided that the maximum number of Shares that may be issued under the Plan in
any event shall be 29,510,507 Shares (subject to any adjustment in accordance with ‎Section 18). If any purchase of Shares pursuant
to an option under the Plan is not consummated, the Shares not purchased under such option will again become available for issuance under
the Plan.

 

(b)
Over-subscribed Offerings. The number of Shares which a Participant may purchase in an Offering under the Plan may be reduced
if the Offering is over-subscribed. No option granted under the Plan shall permit a Participant to purchase Shares which, if added together
with the total number of Shares purchased by all other Participants in such Offering would exceed the total number of Shares remaining
available under the Plan. If the Committee determines that, on a particular Purchase Date, the number of Shares with respect to which
options are to be exercised exceeds the number of Shares then available under the Plan, the Company shall make a pro rata allocation
of the Shares remaining available for purchase in as uniform a manner as practicable and as the Committee determines to be equitable.

 

Section
14.  Transferability. No payroll deductions credited to a Participant,
nor any rights with respect to the exercise of an option or any rights to receive Shares hereunder may be assigned, transferred, pledged
or otherwise disposed of in any way (other than by will or the laws of descent and distribution, or as provided in ‎Section 17) by
the Participant. Any attempt to assign, transfer, pledge or otherwise dispose of such rights or amounts shall be without effect.

 

Section
15.  Application of Funds. All payroll deductions received or
held by the Company under the Plan may be used by the Company for any corporate purpose to the extent permitted by Applicable Law, and
the Company shall not be required to segregate such payroll deductions or contributions.

 

Section
16.  Statements. Participants will be provided with statements
at least annually which shall set forth the contributions made by the Participant to the Plan, the Purchase Price of any Shares purchased
with accumulated funds, the number of Shares purchased, and any payroll deduction amounts remaining in the Participant’s notional
account.

 

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Section
17.  Designation of Beneficiary. If permitted by the Committee,
a Participant may file, on forms supplied by the Committee, a written designation of beneficiary who, in the event of the Participant’s
death, is to receive any Shares from the Participant’s ESPP Share Account or any payroll deduction amounts remaining in the Participant’s
notional account.

 

Section
18.  Adjustments Upon Changes in Capitalization; Dissolution or Liquidation;
Corporate Transactions.

 

(a)
Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, or other property), recapitalization,
stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Shares or other securities of the Company, or other change in the Company’s structure affecting the Shares occurs, then in order
to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, the Committee
will, in such manner as it deems equitable, adjust the number of Shares and class of Shares that may be delivered under the Plan, the
Purchase Price per Share and the number of Shares covered by each outstanding option under the Plan, and the numerical limits of ‎Section
7 and ‎Section 13.

 

(b)
Dissolution or Liquidation. Unless otherwise determined by the Committee, in the event of a proposed dissolution or liquidation
of the Company, any Offering Period then in progress will be shortened by setting a new Purchase Date and the Offering Period will end
immediately prior to the proposed dissolution or liquidation. The new Purchase Date will be before the date of the Company’s proposed
dissolution or liquidation. Before the new Purchase Date, the Committee will provide each Participant with written notice, which may
be electronic, of the new Purchase Date and that the Participant’s option will be exercised automatically on such date, unless
before such time, the Participant has withdrawn from the Offering in accordance with ‎Section 10 (or deemed to have withdrawn in
accordance with ‎Section 11).

 

Section
19.  Corporate Transaction. In the event of a Corporate Transaction,
each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a parent or Subsidiary of
such successor corporation. If the successor corporation refuses to assume or substitute the option, the Offering Period with respect
to which the option relates will be shortened by setting a new Purchase Date on which the Offering Period will end. The new Purchase
Date will occur before the date of the Corporate Transaction. Prior to the new Purchase Date, the Committee will provide each Participant
with written notice, which may be electronic, of the new Purchase Date and that the Participant’s option will be exercised automatically
on such date, unless before such date, the Participant has withdrawn (or, pursuant to ‎Section 11, been deemed to have withdrawn)
from the Offering in accordance with ‎Section 10. Notwithstanding the foregoing, in the event of a Corporate Transaction, the Committee
may also elect to terminate all outstanding Offering Periods in accordance with ‎Section 20(i).

 

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Section
20.  General Provisions.

 

(a)
Equal Rights and Privileges. Notwithstanding any provision of the Plan to the contrary and in accordance with Section 423 of the
Code, all Eligible Employees who are granted options under the Plan shall have the same rights and privileges.

 

(b)
No Right to Continued Service. Neither the Plan nor any compensation paid hereunder will confer on any Participant the right to
continue as an Employee or in any other capacity.

 

(c)
Rights as Shareholder. A Participant will become a shareholder with respect to the Shares that are purchased pursuant to options
granted under the Plan when the Shares are transferred to the Participant or, if applicable, to the Participant’s ESPP Share Account.
A Participant will have no rights as a shareholder with respect to Shares for which an election to participate in an Offering Period
has been made until such Participant becomes a shareholder as provided herein.

 

(d)
Successors and Assigns. The Plan shall be binding on the Company and its successors and assigns.

 

(e)
Entire Plan. The Plan constitutes the entire plan with respect to the subject matter hereof and supersedes all prior plans with
respect to the subject matter hereof.

 

(f)
Compliance with Law. The obligations of the Company with respect to payments under the Plan are subject to compliance with all
Applicable Laws and regulations. Shares shall not be issued with respect to an option granted under the Plan unless the exercise of such
option and the issuance and delivery of the Shares pursuant thereto shall comply with all Applicable Laws, including, without limitation,
the Securities Act, the Exchange Act, and the requirements of any stock exchange upon which the Shares may then be listed.

 

(g)
Disqualifying Dispositions. Each Participant shall give the Company prompt written notice of any disposition or other transfer
of Shares acquired pursuant to the exercise of an option acquired under the Plan, if such disposition or transfer is made within two
years after the Offering Date or within one year after the Purchase Date. Notwithstanding the foregoing, Participants shall not transfer
Shares acquired pursuant to the exercise of an option acquired under the Plan to a broker other than the Designated Broker within two
years after the Offering Date or within one year after the Purchase Date.

 

(h)
Term of Plan. The Plan shall become effective on the Effective Date and, unless terminated earlier pursuant to Section 20(i),
shall have a term of ten (10) years.

 

(i)
Amendment or Termination. The Committee may, in its sole discretion, amend, suspend or terminate the Plan at any time and for
any reason. If the Plan is terminated, the Committee may elect to terminate all outstanding Offering Periods either immediately or once
Shares have been purchased on the next Purchase Date (which may, in the discretion of the Committee, be accelerated) or permit Offering
Periods to expire in accordance with their terms (and subject to any adjustment in accordance with ‎Section 18). If any Offering
Period is terminated before its scheduled expiration, all amounts that have not been used to purchase Shares will be returned to Participants
(without interest, except as otherwise required by law) as soon as administratively practicable.

 

    11

     

    

 

(j)
Governing Law. The Plan and any agreements hereunder shall be administered, interpreted and enforced in accordance with the laws
of the State of Israel, disregarding any state’s choice of law principles requiring the application of a jurisdiction’s laws
other than the State of Israel. Certain definitions, which refer to the laws of such jurisdiction, shall be construed in accordance with
other such laws. The competent courts located in Tel-Aviv-Jaffa, Israel shall have exclusive jurisdiction over any dispute arising out
of or in connection with the Plan and any award granted hereunder.

 

(k)
Shareholder Approval. The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months before
or after the date the Plan is adopted by the Board.

 

(l)
Section 423. The Plan (other than the Non-423 Component) is intended to qualify as an “employee stock purchase plan”
under Section 423 of the Code. Any provision of the Plan (other than the Non-423 Component) that is inconsistent with Section 423 of
the Code shall be reformed to comply with Section 423 of the Code.

 

(m)
Section 409A; Limitation of Liability. The Plan and all options are intended to be exempt from Section 409A of the Code as “statutory
stock options” within the meaning of Treasury Regulation §1.409A-1(b)(5)(ii), and the Plan and the options will be interpreted
and administered accordingly. Notwithstanding anything to the contrary in the Plan, neither the Company nor the Committee, nor any person
acting on behalf of the Company or the Committee, will be liable to any Participant or other person by reason of any acceleration of
income, any additional tax, or any other tax or liability asserted by reason of the failure of the Plan or any option to be exempt from
or satisfy the requirements of Section 409A of the Code.

 

(n)
Withholding. To the extent required by applicable Federal, state or local law, a Participant must make arrangements satisfactory
to the Company for the payment of any withholding or similar tax obligations that arise in connection with the Plan. At any time, the
Company or any Subsidiary may, but will not be obligated to, withhold from a Participant’s compensation the amount necessary for
the Company or any Subsidiary to meet applicable withholding obligations, including any withholding required to make available to the
Company or any Subsidiary any tax deductions or benefits attributable to the sale or early disposition of Shares by such Participant.
In addition, the Company or any Subsidiary may, but will not be obligated to, withhold from the proceeds of the sale of Shares or any
other method of withholding that the Company or any Subsidiary deems appropriate to the extent permitted by, where applicable, Treasury
Regulation Section 1.423-2(f). The Company will not be required to issue any Shares under the Plan until such obligations are satisfied.

 

(o)
Severability. If any provision of the Plan shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provision hereof, and the Plan shall be construed as if such invalid or unenforceable provision were omitted.

 

(p)
Headings. The headings of sections herein are included solely for convenience and shall not affect the meaning of any of the provisions
of the Plan.

 

(q) Participating Company. A Participating Company may withdraw
from the Plan as of any Offering Date by giving written notice to the Board, which notice must be received by at least thirty (30) days
prior to such Offering Date.

 

    12Exhibit 10.1

 

TECHNOLOGY
LICENSE AGREEMENT

 

This Agreement is entered as
of by and between CannAssist International Corp., a Delaware corporation (the “Company”), and Phitech Management, LLC,
a Minnesota limited liability company (“Developer”) as of July 23, 2021 (the “Effective Date”).

 

RECITALS

 

WHEREAS, Developer
develops and markets software and solutions for E-Gaming and E-Sports, as set forth in the Appendix I (the “Technology”);
and

 

WHEREAS, the Company
is an E-Gaming and E-Sports company that, among other things, develops and markets E-Gaming services to its customers including but not
limited to commercial entertainment venues, streaming and publication service operators; and

 

WHEREAS, Developer
wishes to allow the Company to access and use the Technology software and applications pursuant to the terms and conditions set forth
in this Agreement;

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the mutual promises contained herein, the Developer and the Company agree as follows:

 

		1.	DEFINITIONS, AGREEMENT FRAMEWORK.

 

		1.1.	Definitions.

 

		a.	Services. The services, including but not limited to, providing and developing software and service
solutions to the Company for resale to its customers and Subscribers. Services shall also include the development of particular services
and applications specific to the Company’s customers and agreed to by the parties pursuant to a separately executed Service Schedule
(as defined supra).

 

		b.	Software. Developer manufactured and proprietary owned Software, including but not limited to the
Technology, used for retrieving, delivering, and analyzing user experience information, and which may be necessary to deliver the Services,
and any updates, changes, enhancements, or modifications thereto during the Term of this Agreement.

 

		c.	Subscriber(s). The customer(s) of the Company receiving the Services; the end-user(s). Each end-user
may be defined as one (1) Connection.

 

		d.	Business Divestiture or Acquisition. An event in which Developer sells, acquires, or transfers
substantially all of its assets.

 

    	 	1	 

    	 

    

 

		e.	Territory. Territory shall mean the E-Gaming and E-Sports industry served by the Company or its
parent and affiliates, in all geographic or geopolitical areas (worldwide) unless expressly prohibited by law.

 

		2.	APPOINTMENT; LICENSE GRANTS AND LIMITATIONS.

 

2.1.       Appointment.
Subject to the terms and conditions of this Agreement, Developer hereby appoints the Company as a distributor and reseller of the Software
and Services, and hereby grants to the Company a world-wide, non-exclusive, non-transferable, limited-use license to redistribute and
resell the Software and Services to Subscribers within the Territory within the service/product lines of the Company.

 

2.2.       License
Grant. Developer hereby grants to the Company a world-wide, non-exclusive, limited-use license to use any Software or Services furnished
to the Company hereunder. This license shall not include any right to assign, sublicense or otherwise transfer such license except as
provided herein. No title to or ownership of the Software or any unmodified parts thereof is transferred to the Company under this license.
The Company shall not copy any Software in whole or in part in any visual or machine-readable form, except to the extent such copying
is necessary in connection with the Company's internal use of the Services. The Company may not de-compile the Software, have access to
its source code, or integrate the Software into Company developed software. If, at any time, the Developer provides updated Software to
the Company, such updated Software shall be subject to all the terms and conditions of this Software license and the underlying agreement.
Upon termination of this Agreement or the Software license granted herein, the Software and all copies and updates thereof shall be promptly
returned to the Developer. During the Term, the Developer will provide the Company with all Software updates at no additional charge.
Updates will include new features to the Software that are generally made available by the Developer to its other customers. Unless otherwise
agreed between the parties, all new updates obtained by the Company hereunder shall be governed by the terms of this Agreement.

 

2.3.       Delivery
of Services. The Developer will deliver the Services to the Company via the Internet, unless otherwise as mutually agreed. The Company
may also use the Services for internal use, limited to customer support, sales, and demonstration purposes as defined in corresponding
addendums to this agreement.

 

2.4.       Duties
of the Company. The Company or its customers shall be responsible for (i) obtaining the requisite quantity and quality of common carrier
communication lines in order to receive the Services, (ii) the reliability and continued availability of such communications lines, and
(iii) all equipment, hardware and software necessary for the Company to receive the Services from Developer and redistribute such services
to its Subscribers, as otherwise permitted in this Agreement.

 

    	 	2	 

    	 

    

 

2.5.       Modifications.
The Company may, from time to time, choose to redistribute other Services made available by the Developer as mutually agreed between the
parties in writing. Furthermore, the Developer may modify or make reasonable changes to the Services for any reason, upon thirty (30)
days written notice to the Company, except that any substantial or material changes to the Services will be mutually agreed upon in writing
between the parties in an updated schedule or amendment to this Agreement.

 

2.6.       Limitations.
The parties represents that they are not engaged in, and agree not to engage in, any unlawful transaction or business that would prohibit
the execution of this Agreement. Furthermore, the Company agrees not to use or knowingly permit anyone to use the Services for (a) any
purpose or in any manner not authorized by this Agreement or (b) for any unlawful purpose or in any manner not in compliance with applicable
laws, rules, or regulations of any federal, state, or local governmental entity of the United States or any foreign country, including
all import and export laws.

 

2.7.       Additional
Services; Service Schedules. The Developer will perform or develop for the Company, as a “work made for hire”, the services
or software that are described in one or more schedules or statements of work (“SOW”) that the parties may execute
from time to time under this Agreement (hereinafter all referenced as “Service Schedule(s)”), all pursuant to the terms
and conditions of this Agreement and the price, delivery dates, specifications, and other terms and conditions described in the applicable
Schedules. Such services will include, but are not limited to, the development and/or delivery of any materials, inventions, ideas, designs,
concepts, techniques, discoveries, or improvements created by the Developer. To avoid any potential for confusion as to the ownership
of intellectual property created and/or used in the relationship between Developer and the Company, any Work will be designated with the
following notation: “LICENSEE OWNED IP”. If such designation is not present, and if there is good faith dispute concerning
the ownership of intellectual property developed or used hereunder, both parties agree that such intellectual property is owned by the
Developer. Any and all services under this Agreement and/or any Schedules will hereafter be referred to as “Work”.
Developer is not obligated to perform any Work, and the Company has not contracted for any Work, unless and until a Schedule is executed
by both parties. Both parties agree the requirement of a written signed schedule is satisfied upon either (a) the Parties signing a schedule,
or (b) Developer’s commencing Work described in a Service Schedule transmitted by an authorized and designated Company employee.
In the event that Developer performs and the Company pays for any services without having executed a Service Schedule or any other written
agreement applying to such services, then such services will constitute Work under this Agreement and will be governed by the terms and
conditions of this Agreement.

 

    	 	3	 

    	 

    

 

		3.	TERM, CONCURRENT AGREEMENTS, CLOSING, TERMINATION, WIND-DOWN AND DIVESTITURE.

 

3.1       Term.
The initial term of the License shall be for ten (10) years commencing on the date of Closing, as hereinafter defined (the “Initial
Term”), and shall automatically renew for successive one-year terms (each, a “Renewal Term”) unless terminated
by the Company with 30 days written notice prior to the commencement of a new term. In the event that the Company exercises its option
not to renew the License, then the Company shall assign all rights to the Software and the Services back to Developer and shall take all
steps to evidence, record and perfect such transfer.

 

3.2       Concurrent
Agreements. The grant of the License contemplated by this Agreement is conditioned upon (1) the concurrent satisfaction of the obligations
of the parties under (a) the Change-in-Control Agreement by and between the Company and Jonathan Sweetser, attached hereto as Exhibit
A and incorporated herein by reference (the “Change-in-Control Agreement”); and (b) the Spin-Off Agreement, attached
hereto as Exhibit B and incorporated herein by reference (the “Spin-Off Agreement”); (2) effectuating a change
in the corporate name of the Company as determined by the Purchaser (as defined in the Change-in-Control Agreement); and (3) the resignation
of the existing officers and director of the Company and the appointment of new officers and directors of the Company shall be appointed
as designated by the Purchaser (as defined in the Change-in-Control Agreement) (collectively, the “Related Transactions”).

 

3.3       Closing.
The Closing of this Agreement (the “Closing”) is conditioned upon (1) obtaining all necessary consents and approvals
from the Board of Directors of the Company and its shareholders necessary to effectuate the grant of the License as well as the Related
Transactions; (2) the completion of all actions necessary to comply with applicable law in order to effectuate the grant of the License
as well as the Related Transactions; and (3) obtaining requisite approval from the SEC, FINRA and the Secretary of State of Delaware,
respectively, of the Related Transactions as necessary and appropriate.

 

3.4       Divestiture.
The Developer agrees to immediately notify the Company in writing and certify in the event of a Business Divestiture or Acquisition (attaching
reasonably satisfactory documentation proving such) and upon receipt of such notice, the Company may, in its sole discretion and option,
terminate this Agreement any time within six (6) months after such event occurs. For the purposes of this section, “Business
Divestiture or Acquisition” shall be defined as the complete sale, transfer or closure of all assets or an operating division
of Developer that provides the Services hereunder within the meaning set forth above. For the avoidance of doubt, the sale or transfer
of Developer assets to an affiliate, subsidiary, or common parent of Developer will not qualify as Business Divesture or Acquisition.

 

3.5       Termination
for Cause. Either party may also terminate this Agreement for cause upon written notice to the other party, and limited to the following
events:

 

		a.	either party is in breach of its material obligations under this Agreement and the breaching party fails
to cure such breach within thirty (30) days following its receipt of written notice of such breach from the other party; or

 

		b.	either party files a voluntary petition in bankruptcy under the federal bankruptcy laws or under any other
applicable federal or state bankruptcy, insolvency, or other similar law; or

 

    	 	4	 

    	 

    

 

		c.	in the event of the entry of a decree or order for relief by a court with jurisdiction over the other
party in an involuntary case under the federal bankruptcy laws, or under any other applicable federal or state bankruptcy, insolvency
or other similar law, appointing a receiver, liquidator, assignee, custodian or trustee either for such party or for substantially all
of such party’s assets or property, or ordering the winding-up or the liquidation of such party’s affairs, and the continuance
of such decree or order for relief for a period of ninety (90) consecutive days without such decree or order being vacated or stayed;
or

 

3.6       Wind
Down Clause. Upon termination or expiration of this Agreement for any reason (other than a Material Breach by either party), the parties
will continue to service existing Subscribers for a period not to exceed one (1) year (the “Wind Down Period”), and
in accordance with all of the terms and conditions set forth herein. A “Material Breach” is hereby defined as a failure of
performance under this Agreement by either party which is significant enough to give the aggrieved party the right to sue for breach of
contract, and which has not been cured within ten (10) days after notice (5 days with respect to any payment of monies). An “existing
Subscriber” is hereby defined as a Subscriber that purchased Services prior to the termination or expiration of this Agreement.
During the Wind Down Period, the Company will not market, offer, or sell the Services to any new Subscribers without the express written
approval by Developer.

 

		4.	MARKETING, CUSTOMER SERVICE, AND OTHER OBLIGATIONS.

 

4.1       Marketing
Expenses. The Company will be solely responsible for all marketing expenses that are incurred when marketing the Services to Subscribers.
Both parties will mutually agree on marketing matters and press announcements, including the use of each other’s name, trademarks,
or logos, all of which must be pre-approved in writing by the other party’s marketing department prior to each party’s use.

 

4.2       Customer
Support. The Company will be the first line of customer support to Subscribers and provide all direct customer service. Developer
will reasonably provide customer support assistance by telephone or e-mail to Company personnel to help resolve any service issues directly
related to the Services. Notwithstanding the foregoing, Developer will also provide the Company with off-site training via WebEx or telephone
in relation to the Services, and which is necessary for the Company to provide customer support to its Subscribers. For the avoidance
of doubt, and unless otherwise mutually agreed upon between the parties, any on-site training provided by Developer to the Company or
its Subscribers will be provided at then current professional service rates plus time and materials.

 

		5.	FEES, BILLING, REPORTING, AND TAXES.

 

5.1       Consideration.
The Company agrees to issue to Developer that certain number of restricted shares of the common stock of the Company in an amount equal
to $2,500,000 divided by the trading market price of the Company’s common stock on the OTCQB (as calculated by the closing market
price of the Company’s common stock on the trading day prior to the Effective Date of this Agreement) on the date of Closing of
this Agreement. The shares of common stock issuable to Developer under this Agreement shall referred to as the “Shares.” The
transfer of the Shares shall occur at the offices of the Company on the dates set forth above or at such other place and time as the parties
may agree. Other than as agreed upon in writing by both parties, such Shares shall be the only consideration required of the Company with
respect to the subject matter of this Agreement.

 

    	 	5	 

    	 

    

 

5.2       Additional
Fees. Any additional fees payable by the Company to Developer under this Agreement will be agreed upon in writing by both parties.
The Company will administer all billing to its Subscribers and bear the entire cost of collection of any fees owed by Subscribers to the
Company.

 

		6.	INTELLECTUAL PROPERTY RIGHTS AND INDEMNIFICATION.

 

6.1       Ownership
of Intellectual Property. Developer warrants that it has ownership of, owns and/or controls intellectual property rights, including
but not limited to copyrights, trademarks, and patents to the Services and Software, and that Developer has obtained the rights to receive,
display and redistribute certain Services from its suppliers. The Company agrees and acknowledges that the intellectual property rights
pertaining to the Services and Software are the exclusive property of Developer and/or its suppliers, not within the public domain, and
that no ownership rights or interest to intellectual property pertaining to the Software or Services will transfer to the Company under
this Agreement unless otherwise agreed to in writing.

 

6.2       Trademarks.
The Parties expressly agree and understand that the application of trademarks or logos is not a license to one-another to apply such trademarks
or logos in a manner not specifically requested by the owning Party, nor is it a license to use, in any way, the trademarks or logos for
any purposes outside the scope of this Agreement. Furthermore, it is expressly agreed and understood that with the exception of the use
permitted herein, the Parties will not now or in the future:

 

•     use any mark, symbol or device identical to or
similar to any trademark or logo; or

 

•     attempt to register or otherwise establish any
rights in or to the use of the other’s trademark or logo; or

 

•     attempt to assign or transfer to another any right
to apply or use, in any way, any trademark or logo.

 

6.3        Indemnification.
Developer will indemnify, defend and hold harmless the Company as to any rightful claim that the Company's use of the Services or Software
infringes the intellectual property rights, patent or copyright of a third party, provided that the Company gives Developer prompt written
notice of the claim, allows Developer to have sole control of the defense or settlement thereof, and cooperates fully with Developer’s
defense or settlement. Developer will not be liable to the Company for any claim that the infringement resulted from the use of the Services
or Software in modified form or in a manner for which they were not designed or exceeding any scope of use designated by Developer. The
foregoing states the entire liability of Developer with respect to infringement of intellectual property by Developer, and in no event
shall Developer be liable for consequential and/or incidental damages to any party, even if advised of the possibility of such.

 

    	 	6	 

    	 

    

 

		7.	WARRANTY, AND LIMITATION OF LIABILITY.

 

7.1       Warranty.
Developer warrants to the Company that (a) the Software will reasonably perform as specified in any documentation provided by Developer
for entire Term under this Agreement and (b) as of the time of delivered of the Software to the Company, the software will not contain
any viruses that are detectable by industry standard virus detection methods. In addition, Developer warrants that the media on which
the Software is distributed, to the extent provided by Developer, will be free from defects in materials and workmanship under normal
use for ninety (90) days after the Effective Date. It is understood and agreed that any Services provided to the Company by Developer
pursuant to this Agreement are only advisory in nature.

 

7.2       DISCLAIMER,
LIMITATION OF LIABILITY. EXCEPT TO THE EXTENT SET FORTH IN THE WARRANTY SECTION ABOVE, Developer
MAKES NO OTHER WARRANTIES, WHETHER ORAL, WRITTEN, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES, SOFTWARE, OR INFORMATION TO BE PROVIDED
UNDER THIS AGREEMENT, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR THAT THE SOFTWARE (OR
SERVICES) WILL BE DELIVERED WITHOUT INTERRUPTION.

 

		8.	CONFIDENTIALITY.

 

8.1       During
the Term of this Agreement, either party (hereinafter referred to in this section as the “Disclosing Party”) may disclose
certain Confidential Information to the other party (hereinafter referred to in this section as the “Receiving Party”).
The Receiving Party shall maintain the confidentiality of such Confidential Information and shall not use, disclose to any third party,
or otherwise exploit any Confidential Information for any purpose not expressly contemplated for the benefit of the Disclosing Party under
this Agreement.

 

8.2       For
purposes of this Section, the term "Confidential Information" shall mean any non-public data or information, oral or
written, that relates to the Disclosing Party’s past, present or future products, research, development or business activities,
including any unannounced products and services, and including any information relating to services, developments, inventions, processes,
plans, financial information, customer and supplier lists, forecasts and projections. Notwithstanding the foregoing, Confidential Information
shall not include information that: (a) is publicly available or in the public domain at the time disclosed; (b) is or becomes publicly
available or enters the public domain through no fault of the Receiving Party; (c) is rightfully communicated to the Receiving Party by
persons not bound by confidentiality obligations with respect thereto; (d) is already in the Receiving Party’s possession free of
any confidentiality obligations with respect thereto; (e) is independently developed by the Receiving Party; (f) is approved in writing
for release or disclosure by the Disclosing Party or the disclosing third party without restriction; or (g) is required to be disclosed
or is disclosed pursuant to the order or requirement of a court, administrative agency or other governmental body; provided, however,
that the Receiving Party shall provide prompt notice thereof to the Disclosing Party or the disclosing third party to enable the Disclosing
Party or such disclosing third party to seek a protective order or otherwise prevent or restrict such disclosure. In addition, information
shall not be deemed to be Confidential Information for purposes of this Agreement unless it is designated in writing to be confidential
or proprietary, or if given orally, is confirmed in writing as having been disclosed as confidential or proprietary within a reasonable
time (not to exceed thirty (30) days) after the oral disclosure.

 

    	 	7	 

    	 

    

 

		9.	FIRST RIGHT OF REFUSAL; SUB-DISTRIBUTORS.

 

9.1       First
Right of Refusal. Developer will provide the Company with the first right of refusal as the sole marketing agent and reseller for
Software and Services outside the scope of this Agreement and not identified herein. The foregoing is conditioned on good faith negotiations
for appropriate consideration.

 

9.2       Appointment
of Sub-Distributors. The Company may appoint sub-distributors with consent from Developer that may not unreasonably withheld; provided,
however, that any compensation to such sub-distributors shall be solely the Company’s responsibility. Any agreement with such sub-distributors
with respect shall be coterminous with this Agreement.

 

		10.	MISCELLANEOUS.

 

10.1       Independent
Contractors. The parties act as independent contractors of each other. Nothing herein is deemed to constitute the parties as partners,
joint venturers, or principal and agent. Except as expressly contemplated by this Agreement, the parties have no authority to bind each
other legally or equitably by contract, admission, acknowledgment or undertaking or to represent each other as to any matters.

 

10.2       Governing
Law / Disputes. The validity, construction, and interpretation of the terms and conditions herein and all rights and duties of the
Parties shall be governed by the substantive laws of the State of Minnesota without regard to conflict of laws rules.

 

10.3       Notices.
Any notice, demand or other communication required or permitted to be given under this Agreement must be in writing and shall be deemed
delivered to a party (a) when delivered by hand or courier, (b) when sent by confirmed facsimile with a copy sent by another means specified
in this Section, or (c) six (6) days after the date of mailing if mailed by pre-paid certified or registered mail, return receipt requested
and postage prepaid.

 

10.4       Force
Majeure. If either party is prevented from performing any portion of this Agreement by causes beyond its control, including civil
commotion, war, governmental regulations or controls, casualty, or acts of God, such defaulting party shall be excused from performance
for a period equal to the time that such cause has lasted. If a force majeure event prevents either party from performing its obligations
for more than sixty (60) days, the unaffected party may elect: (a) to terminate this agreement in whole or in part without further payment
liability other than the service fees that have accrued through the actual termination date.; or (b) to suspend the Agreement, in whole
or part, for the duration of the force majeure circumstances.

 

    	 	8	 

    	 

    

 

10.5       Non-Hiring.
Without obtaining prior written approval from the other party, and for the Term of this Agreement and six (6) months thereafter, neither
party shall: (a) knowingly solicit any employee or agent of the other party to end the employee’s or agent’s relationship
with the other party; or (b) knowingly employ, as an employee, agent, consultant, or otherwise compensate for services, any individual
employed, as an employee or agent, by the other party. For the avoidance of doubt, the foregoing limitations will not apply to employment
advertisements or solicitations made available to the general public by either party.

 

10.6       Assignment.
Notwithstanding Section 9.2 above, neither party may assign this Agreement without the prior written consent of the other party
hereto, except that either party may, upon written notice and without the prior written consent of the other party, assign this Agreement
to a successor-in-interest pursuant to a merger or acquisition. Notwithstanding the foregoing, the parties acknowledge that this Agreement
will be fully binding and assumed by any authorized successors or assigns of either party.

 

10.7.       Waiver
and Amendment. The waiver or failure of either party to exercise in any respect any right provided for herein shall not be deemed
a waiver of any further right hereunder. Any changes, additions, or waivers to the terms and conditions of this Agreement will be agreed
upon by both parties in writing and will be attached as a written document signed by the parties.

 

10.8.       Counterparts.
This Agreement may be executed in one or more counterparts, each of which is deemed an original but all of which taken together constitute
one and the same instrument.

 

10.9.       Sections
and Headings. The headings contained herein are for the convenience of reference only and are not intended to define, limit, expand
or describe the scope or intent of any provision of this Agreement.

 

10.10.       Entire
Agreement. Other than the agreements underlying the Related Transactions, this Agreement, together with all schedules and exhibits
hereto, constitutes the entire agreement and understanding of the parties relating to the subject matter hereof and supersedes all prior
negotiations and understandings between the parties, both oral and written, regarding such subject matter. Upon the effective date, this
Agreement replaces all prior agreements, whether written or oral, on the subject matter hereof between the parties. In the event that
any portion of this Agreement is held to be unenforceable, the remaining portions of this Agreement shall be interpreted to give maximum
effect to the intent of the parties. The undersigned hereby agrees to and accepts the foregoing terms and conditions and hereby repudiates
any terms and conditions that are inconsistent with the foregoing.

 

    	 	9	 

    	 

    

 

In
Witness Whereof, each of the parties has executed this Technology License Agreement, in the case of the Company by its duly authorized
officer, as of the day and year first above written.

 

 

	Developer:	Company:
	 	 
	PHITECH MANAGEMENT, LLC  	CannAssist International
    Corp.
	 	 
	 	 
	 	 
	By 	/s/ Jonathan Sweetser	By: 	/s/ Mark Palumbo
	 	Jonathan Sweetser, Manager  	 	Mark Palumbo, Chief Executive Officer 

 

    	 	 	 

    	 

    

 

APPENDIX I

 

LICENSED TECHNOLOGY

 

Technology related to Electronic Sports Gaming,
related patent applications, related trade-secrets and associated knowhow, including methods, techniques, specifications, procedures,
information, systems, knowledge and business processes required to practice and carry-on business in the field of data collection, security
and management.

 

    	 	 	 

    	 

    

 

EXHIBIT A

 

CHANGE-IN-CONTROL AGREEMENT

 

 

 

    	 	 	 

    	 

    

 

EXHIBIT B

 

SPIN-OFF AGREEMENT

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