Document:

Exhibit
10.4

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

THE
ISSUE PRICE OF THIS NOTE IS $59,125.00

THE ORIGINAL ISSUE DISCOUNT IS $5,375.00

 

	Principal
    Amount: $59,125.00 	 	Issue
    Date: November 26, 2021
	 	 	 
	Purchase
    Price: $53,750.00	 	 

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, LGBTQ LOYALTY HOLDINGS, INC., a Delaware corporation (hereinafter called the “Borrower”), hereby
promises to pay to the order of SIXTH STREET LENDING LLC, a Virginia limited liability company, or registered assigns (the
“Holder”) the sum of $59,125.00 together with any interest as set forth herein, on November 26, 2022 (the
“Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of ten percent (10%) (the
“Interest Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes due and payable,
whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as
otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear
interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid (“Default
Interest”). Interest shall be computed on the basis of a 365 day year and the actual number of days elapsed. Interest shall
commence accruing on the Issue Date but shall not be payable until the Note becomes payable (whether at Maturity Date or upon
acceleration or by prepayment). All payments due hereunder (to the extent not converted into common stock, $0.001 par value per
share (the “Common Stock”) in accordance with the terms hereof) shall be made in lawful money of the United States of
America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in
accordance with the provisions of this Note. Each capitalized term used herein, and not otherwise defined, shall have the meaning
ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally
issued (the “Purchase Agreement”).

 

This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

    	 

    	 

    

 

The
following terms shall apply to this Note:

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1 Conversion
Right. The Holder shall have the right from time to time, and at any time during the period beginning on the date which is one hundred
eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the
Default Amount (as defined in Article III), each in respect of the remaining outstanding principal amount of this Note to convert all
or any part of the outstanding and unpaid principal amount of this Note into fully paid and non-assessable shares of Common Stock, as
such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common
Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion Price”) determined as provided
herein (a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert any portion of
this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership
of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a
limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable
upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in
beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock. For purposes of the
proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder, except as otherwise provided in
clause (1) of such proviso. The beneficial ownership limitations on conversion as set forth in the section may NOT be waived by the
Holder. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion
Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion, in the
form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the Borrower by the Holder in accordance with
Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably
expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the “Conversion
Date”); however, if the Notice of Conversion is sent after 6:00pm, New York, New York time the Conversion Date shall be the next
business day. The term “Conversion Amount” means, with respect to any conversion of this Note, the sum of (1) the principal
amount of this Note to be converted in such conversion plus (2) at the Holder’s option, accrued and unpaid interest, if
any, on such principal amount at the interest rates provided in this Note to the Conversion Date, plus (3) at the Holder’s
option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) plus (4) at the
Holder’s option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

 

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1.2 Conversion
Price. The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject
to equitable adjustments by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower,
combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Variable Conversion Price”
shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). “Market Price” means
the lowest Trading Price (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the latest complete
Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on
the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the “OTC”) as reported by a reliable
reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTC is not the principal trading
market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security
is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing
bid prices of any market makers for such security that are listed in the “pink sheets”. If the Trading Price cannot be calculated
for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined
by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price
is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common
Stock is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock
is then being traded.

 

1.3 Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized
and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon
the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have authorized
and reserved six times the number of shares that is actually issuable upon full conversion of the Note (based on the Conversion Price
of the Note in effect from time to time initially 147,812,500)(the “Reserved Amount”). The Reserved Amount shall be increased
from time to time in accordance with the Borrower’s obligations hereunder. The Borrower represents that upon issuance, such shares
will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change
to its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the then
current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient number
of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Note. The Borrower
(i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion
of this Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged
with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance
with the terms and conditions of this Note.

 

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If,
at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

 

1.4 Method
of Conversion.

 

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

 

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

 

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

 

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

 

(e) Failure
to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies, including
actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note
is not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall pay to the Holder $2,000 per day in
cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock (the “Fail to Deliver Fee”);
provided; however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent; and
not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such Common
Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued or, at the
option of the Holder (by written notice to the Borrower by the first day of the month following the month in which it has accrued), shall
be added to the principal amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note
and such additional principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees
that the right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, interference
with such conversion right are difficult if not impossible to qualify. Accordingly, the parties acknowledge that the liquidated damages
provision contained in this Section 1.4(e) are justified.

 

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

 

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

 

1.6 Effect
of Certain Events.

 

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

 

(b) Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all of the
Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result
of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes
of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets
of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter
have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu
of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would
have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without
regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to
the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions
for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable,
as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Borrower
shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days
prior written notice (but in any event at least five (5) days prior written notice) of the record date of the special meeting of shareholders
to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization,
reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b)
the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above
provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

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(c) Adjustment
Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders
of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to
the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off))
(a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record
for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the
Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common
Stock on the record date for the determination of shareholders entitled to such Distribution.

 

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

 

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	Prepayment
    Period	Prepayment
    Percentage
	1.
    The period beginning on the Issue Date and ending on the date which is thirty (30) days following the Issue Date.	110%
	2.
    The period beginning on the date which is thirty-one (31) days following the Issue Date and ending on the date which is sixty
    (60) days following the Issue Date.	115%
	3.
The period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is ninety
    (90) days following the Issue Date.	120%
	4.
    The period beginning on the date that is ninety-one (91) day from the Issue Date and ending one hundred eighty (180) days following
    the Issue Date.	125%

 

After
the expiration of one hundred eighty (180) days following the Issue Date, the Prepayment Periods set forth above, the Borrower may submit
an Optional Prepayment Notice to the Holder. Upon receipt by the Holder of the Optional Prepayment Notice post-Prepayment Periods, the
prepayment shall be subject to the Holder’s and the Borrower’s agreement with respect to the applicable Prepayment Percentage.

 

Notwithstanding
anything contained herein to the contrary, the Holder’s conversion rights herein shall not be affected in any way until the Note
is fully paid (funds received by the Holder) pursuant to an Optional Prepayment Notice.

 

ARTICLE
II. CERTAIN COVENANTS

 

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

 

ARTICLE
III. EVENTS OF DEFAULT

 

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

 

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

 

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3.2 Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will
not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of
this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate
for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note,
the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing)
(electronically or in certificated form) any certificate for shares of Common Stock to be 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. It is an obligation of the Borrower to remain current in its obligations to its transfer agent. It shall be an event of
default of this Note, if a conversion of this Note is delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer
agent. If at the option of the Holder, the Holder advances any funds to the Borrower’s transfer agent in order to process a conversion,
such advanced funds shall be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3.11 Financial
Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any time after 180 days
after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by
comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect
to this Note or the Purchase Agreement.

 

3.12 Replacement
of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to
the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant
to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount)
signed by the successor transfer agent to Borrower and the Borrower.

 

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

 

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Upon
the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay
the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the
Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Amount (as
defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL
BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN
AMOUNT EQUAL TO: (Y) THE DEFAULT AMOUNT (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the
continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or
interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3,
3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of written notice to the Borrower by such
Holders (the “Default Notice”), and upon the occurrence of an Event of Default specified the remaining sections of
Articles III (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3,1
hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its
obligations hereunder, an amount equal to 150% times the sum of (w) the then outstanding principal amount of this Note plus
(x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory Prepayment
Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) plus (z) any
amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the
date of payment plus the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the “Default
Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or
notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses,
of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

 

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

 

ARTICLE
IV. MISCELLANEOUS

 

4.1 Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive
of, any rights or remedies otherwise available.

 

    	11

    	 

    

 

4.2 Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt
requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery,
telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written
notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated
below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on
the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual
receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

If
to the Borrower, to:

 

LGBTQ
LOYALTY HOLDINGS, INC.

2435
Dixie Highway

Wilton
Manors, FL 33305

Attn:
Robert A. Blair, Chief Executive Officer Fax:

Email:
bobby@lgbtql.com

 

If
to the Holder:

 

SIXTH
STREET LENDING LLC

1800
Diagonal Road, Suite 623

Alexandria
VA 22314

Attn:
Curt Kramer, Chief Executive Officer

e-mail:
ckramer@sixthstreetlending.com

 

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

 

    	12

    	 

    

 

4.4 Most
Favored Nation. During the period where any monies are owed to the Holder pursuant to this Note, if the Borrower engages in any future
financing transactions with a third party investor, the Borrower will provide the Holder with written notice (the “MFN Notice”)
thereof promptly but in no event less than 10 days prior to closing any financing transactions. Included with the MFN Notice shall be
a copy of all documentation relating to such financing transaction and shall include, upon written request of the Holder, any additional
information related to such subsequent investment as may be reasonably requested by the Holder. In the event the Holder determines that
the terms of the subsequent investment are preferable to the terms of the securities of the Borrower issued to the Holder pursuant to
the terms of the Purchase Agreement, the Holder will notify the Borrower in writing. Promptly after receipt of such written notice from
the Holder, the Borrower agrees to amend and restate the Securities (which may include the conversion terms of this Note), to be identical
to the instruments evidencing the subsequent investment. Notwithstanding the foregoing, this Section 4.4 shall not apply in respect of
(i) an Exempt Issuance, or (ii) an underwritten public offering of Common Stock. “Exempt Issuance” means the issuance
of: (a) shares of Common Stock or options to employees, officers, consultants, advisors or directors of the Borrower pursuant to any
stock or option plan duly adopted for such purpose by a majority of the members of the Board of Directors or a majority of the members
of a committee of directors established for such purpose, (b) securities upon the exercise or exchange of or conversion of this Note
and/or other securities exercisable or exchangeable for or convertible into shares of Common Stock issued and outstanding on the date
hereof, and (c) securities issued pursuant to acquisitions or strategic transactions approved by a majority of the disinterested directors
of the Borrower, provided that any such issuance shall only be to a Person which is, itself or through its subsidiaries, an operating
company in a business synergistic with the business of the Borrower and in which the Borrower receives benefits in addition to the investment
of funds, but shall not include a transaction in which the Borrower is issuing securities primarily for the purpose of raising capital
or to an entity whose primary business is investing in securities.

 

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

 

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

 

4.7 Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of Virginia without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall
be brought only in the state courts of Virginia or in the federal courts located in the state and city of Alexandria, Virginia. The parties
to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive trial by
jury. The Holder shall be entitled to recover from the Borrower its reasonable attorney’s fees and costs. In the event that any
provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified
to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process
and consents to process being served in any suit, action or proceeding in connection with this Note, any agreement or any other document
delivered in connection with this Note by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Note and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve
process in any other manner permitted by law.

 

    	13

    	 

    

 

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

 

4.9 Remedies.
The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating the
intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for a breach
of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower of the
provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition
to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Note and to
enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or other security
being required.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on November 26, 2021.

 

LGBTQ
LOYALTY HOLDINGS, INC.

 

	By: 	/s/ Robert A. Blair	 
	 	Robert A. Blair	 
	 	Chief Executive Officer	 

 

    	14

    	 

    

 

EXHIBIT
A — NOTICE OF CONVERSION

 

The
undersigned hereby elects to convert $__________ principal amount of the Note (defined below) into that number of shares of
Common Stock to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of LGBTQ LOYALTY
HOLDINGS, INC., a Delaware corporation (the “Borrower”) according to the conditions of the convertible note of the
Borrower dated as of November 26, 2021 (the “Note”), as of the date written below. No fee will be charged to the Holder
for any conversion, except for transfer taxes, if any.

 

Box
Checked as to applicable instructions:

 

	 	[  ]	The
    Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned
    or its nominee 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 or,
    if additional space is necessary, on an attachment hereto:

 

	Date
    of conversion:	 	
	Applicable
    Conversion Price	$	
	Number
    of shares of common stock to be issued pursuant to conversion of the Notes:	 	

	Amount
    of Principal Balance due remaining under the Note after this conversion:	 	

    

 

	SIXTH
    STREET LENDING LLC	 
	 	 	 
	By:
    	 	 
	Name:	Curt
    Kramer 	 
	Title:
    	President	 
	 	Date:
    __________________	 

 

    	15EX-10.11

 Exhibit 10.11 

(Property 2017.04 version) 

Housing Lease Agreement 

From November 30, 2017 

To November 29, 2024 

Lessor: Taiwan Cooperative Bank 

Lessee: Gogoro Taiwan Limited 

  
 1 

 Housing Lease Agreement 

Parties to the Housing Lease Agreement: 
  

			
	Lessor: Taiwan Cooperative Bank	  	(hereinafter referred to “Party A”)
		
	Lessee: Gogoro Taiwan Limited	  	(hereinafter referred to as “Party B”)

 Whereas both parties execute the Agreement for the lease, now, therefore, both parties hereby agree upon the following terms
and conditions: 
 Article 1. Subject Premises 

Party A is willing to lease the premises owned by it at 11F., Bldg. C, No. 225, Changan E. Rd., Songshan Dist., Taipei City, occupying an
area of 531.18 Ping [around 1752.894 m2], plus the allocated area on 1F. occupying an area of 9.74 Ping [around 32.142 m2] (including public
facilities) to Party A for legal use. 
 Article 2. Lease Term 
  

	 	1.	 The lease term commences on November 30, 2017, and ends on
November 29, 2024, for a total of 7 years (hereinafter referred to as the “Term”). (The rent-free decoration period starts on November 30, 2017, and ends on
February 28, 2018, provided that the utilities charges and management expenses shall be borne solely by Party B.) 

  

	 	2.	 Where either party wishes to discontinue the lease or Party A wishes to adjust the lease conditions upon
expiration of the Term, it shall give a written notice to the other party within six months prior to expiration of the Term. Where Party A wishes to continue the lease, Party B shall have the priority right to rent the subject premises on Party
A’s lease conditions. 

  

	 	3.	 Upon expiration of the Term, the leasehold between both parties shall become extinguished. Unless Party A
approves to renew the lease, Party B shall surrender the subject premises immediately. Party B shall not continue to occupy the subject premises with the excuse that Party A has failed to express the intent to discontinue the lease upon expiration
of the Term, or claim that the leasehold survives pursuant to Article 451 of the Civil Code on the ground that it has paid the rent. 

Article 3. Rent and Security Deposit 
  

	 	1.	 The rent is payable on a monthly basis, from November 30, 2017, to
November 29, 2024, at NT$1,138,620 per month (after tax, adjustable subject to the Taiwan CPI - Residential Rent announced by the Directorate-General of Budget, Accounting and Statistics, Executive Yuan each year starting
in the 2nd year). 

  
 2 

	 	2.	 Party B shall within 5 days upon the date of lease inception each year make a
one-time payment with Party B as the issuer, or deliver 12 checks upon Party A’s approval, so that Party A may honor the check on a monthly basis. 

 

	 	3.	 Where Party B fails to pay the rent in a timely manner, it shall pay the overdue fine equivalent to 2% of the
monthly rent for each overdue day. Where the belated rent payment amounts to two months’ rent, Party B shall make up it in cash within 10 days upon receipt of the reminder; otherwise, Party A may terminate the Agreement immediately. Upon
termination of the Agreement, Party B shall move out of the subject premises immediately and repay the rent in arrears plus overdue fine, and expenses or damages to be borne by it pursuant to laws or the Agreement; otherwise, Party A may withhold
the same from the security deposit directly and claim the deficit, if any, pursuant to laws. 

  

	 	4.	 Party B shall deliver the security deposit, NT$3,415,860, to Party A in a lump sum upon execution of the
Agreement, and Party A shall issue a receipt therefor. 

  

	 	5.	 Party B shall not claim offset of the security deposit furnished by it pursuant to the Agreement against the
rent. 

 Article 4. Delivery and Renovation of the Subject Premises 

 

	 	1.	 The subject premises shall be leased as they are at the time of execution of the Agreement. The waste disposal
costs shall be borne solely by Party B. 

  

	 	2.	 Without Party A’s prior approval and compliance with the building-related laws and regulations, Party B
shall not perform any new construction, addition, improvement or renovation project at the subject premises or change the purpose thereof. Where Party B fails to comply with the requirements and fails to complete the removal or correct the
misconduct within the specific time limit notified by Party A, Party A may terminate the Agreement and restore the original condition on its own or via another person at Party B’s expenses. Party A may also claim the damages suffered by it
therefore, if any. 

  

	 	3.	 Party B is allowed to perform interior decoration and install adequate and aesthetical signboards to satisfy
its business needs upon Party A’s approval during the Term, insofar as the building’s structural safety is not affected. Where Party B has any other special requirements, it may satisfy the same at its own expenses only after the
structural safety is confirmed and Party A grants its approval in writing. 

  
 3 

	 	4.	 The advertisements or slogans installed by Party B at the building shall be related to its principal business.
Where it is necessary to apply for permission with the competent authority pursuant to laws, it shall do so by itself. Where Party B fails to comply with the requirements and thereby causes Party A or Party B to suffer sanctions by the competent
authority, Party B shall solely bear the liability. 

 Article 5. Burden of Repair Costs 

The costs of repair, maintenance and cleanup of the subject premises shall be borne by Party B during the Term, except for damages to party
B’s rights and interests caused by natural calamities, force majeure or any circumstances other than acts by Party B and its employees, which shall be borne by Party A. 

Article 6. Burden of Tax and Charges Related to the Subject Premises 

Except the land value tax and house tax to be borne by Party A, the following charges shall be borne and paid by Party B during the Term to the
designated entity within the specific time limit prescribed by the relevant authority: 
  

	 	1.	 Management expenses, water bills, electricity bills, natural gas bills, phone bills, cleaning expenses,
Internet bills, maintenance and repair costs of water, electricity and lighting facilities, air conditioners, elevators (if any), high-voltage and low-voltage electrical equipment, replacement of damaged
materials, and wages, related applications and equipment maintenance fees, and periodic inspection, certification, and reports of public safety and fire protection safety equipment and fire extinguisher materials. 

 

	 	2.	 Party B shall pay the other taxes (e.g. business tax, profit-seeking business income tax, etc.), public
liability insurance premium, fire insurance premium, and other related costs needed for its operations. 

 Article 7. Insurance and
Insurance Liability 
  

	 	1.	 The insurance premium for the subject premises shall be borne by Party A. Party B shall be responsible for
maintaining the insurance for the property and fixtures owned by it (e.g. fire insurance and burglary insurance, etc.). 

  

	 	2.	 All expenses and losses on the subject premises and equipment resulting from the invalidation of the fire
insurance or increase in the insurance premium of the building caused by Party B and its personnel shall be borne by Party B and the personnel. 

Article 8. Burden of Risk 
 Party B shall
maintain the subject premises and the decoration and fixture thereof with due diligence as a good administrator. Party B shall fully indemnify and keep Party A free from harm against any claims, accusations, blackmail and incidental expenses
resulting from the damage, failure, fire, or damage to Party A or a third party caused by Party B’s and its employees’, visitors’ and customers’ intention or failure to exercise said due diligence. 

  
 4 

 Article 9. Occupation of the Subject Premises and Other Restrictions 

 

	 	1.	 The notes to tenders shall constitute a part of the Agreement. Party B or its employees shall strictly comply
with the notes. Any violations of the notes shall constitute breach of the Agreement. 

  

	 	2.	 Unless otherwise agreed by Party A, the subject premises shall not be occupied for purposes including
residency, factory, hotel, restaurant, beer house, altar, religious activities (e.g. Christian church activities, Buddhist ceremonies, etc.), gas stores, recreational and entertainment places (e.g. dance halls, restaurants, MTV, KTV, casinos, video
game stores, etc.), pawn shops, funeral services, or any other purposes that impair hygiene, quietness or public order or are against laws or prohibited or violate good customs and safety requirements. 

 

	 	3.	 Party B shall not lend, sublease or assign the subject premises, in whole or in part, or consolidate with
another company to make the same managed by another person or available to another person in any other manners. 

  

	 	4.	 Party B shall not store any weapons, ammunition, saltpeter, oil, or explosives, flammable or other hazardous
goods at the subject premises. 

  

	 	5.	 Party B shall not install excessive electrical appliances and cooking equipment, or high-voltage electrical
appliances privately at the subject premises, or install TV or radio antennas or cables radios outdoors. 

  

	 	6.	 Party B shall not make any arrangement, install advertisements or additional equipment or store goods in the
stairwells, pathways and public areas inside the building. 

  

	 	7.	 Party B shall ensure that the subject premises are occupied for legal purposes and in accordance with building
laws and regulations. Where it is necessary to perform fire protection or safety inspection, delegate management personnel or report to the competent authority pursuant to government laws and regulations, the related expenses and liabilities shall
be borne by Party B. Where Party A is punished as a result of Party B’s use of the subject premises against laws or rules, the fine shall be borne by Party B, and Party B shall bear the legal responsibility. 

 

	 	8.	 Where Party B fails to comply with the restrictions on the subject premises herein and fails to rectify its
misconduct within 10 days upon receipt of Party A’s notice, Party A may terminate the Agreement and contract a third party to remove and improve it at Party B’s risk and expenses independently of Party A. Party A may claim deduction of
said expenses from the security deposit and no objection may be raised by Party B therefor. 

  
 5 

 Article 10. Early Termination 
  

	 	1.	 Either party may claim early termination of the lease, provided that it shall give the other party a written
notice to the same effect within six months prior to termination of the lease. Where Party A has received any unearned rent at the time of termination, Party A shall refund the same to Party B upon Party B’s moving out of the subject premises
and full repayment of any overdue rent, plus liquidated damages and other expenses to be borne by it and losses suffered by Party A (calculated on a daily basis), if any. 

 

	 	2.	 Where it is impossible to lease the subject premises legally or normally due to restrictions imposed by laws,
the competent authority’s requirements, any unethical conduct, or circumstances not attributable to Party A, Party A shall give a written notice to Party B to terminate the lease within three months prior to termination of the lease,
unless it is impossible to give such notice due to force majeure or legal requirements. Where Party A has received any unearned rent at the time of termination, Party A shall refund the same to Party B upon Party B’s moving out of the
subject premises and full repayment of any overdue rent, plus liquidated damages and other expenses to be borne by it and losses suffered by Party A (calculated on a daily basis), if any. 

 

	 	3.	 Where Party B is involved in any unethical conduct, Party A may terminate or rescind the Agreement at any
time. 

 Article 11. Resolution upon Expiration of the Term or Termination of the Lease 

 

	 	1.	 Upon expiration of the Term or termination of the lease, Party B shall move out of the subject premises and
surrender the same without delay or claim of reimbursement against Party A. Party B’s failure to move out of the subject premises shall constitute breach of the Agreement, and Party B shall pay damages equivalent to the daily rent for each
overdue day, plus liquidated damages of double the agreed rent, from the due date of payment until Party B moves out of and surrenders the subject premises. No objection may be raised by Party B therefor. 

 

	 	2.	 Disposition of remainder: 

 

	 	1.	 Unless Party A approves exemption from restoration to the original condition, Party B shall restore the subject
premises to the original condition at the time of lease inception and then surrender the same after removing and evacuating any fixtures and goods installed at the subject premises, upon expiration of the Term or termination of the lease.

  

	 	2.	 Any fixtures and goods left by Party B upon expiration of the Term or termination of the lease shall be deemed
waste, which shall be disposed of by Party A with full authority at Party B’s expenses pursuant to the Agreement. Party A may withhold the expenses from Party B’s security deposit directly. 

  
 6 

	 	3.	 Where Party B and its employees cease to occupy the subject premises (including failure to enter the subject
premises) without justified cause for more than 15 days, and Party B fails to pay the rent as agreed, Party B shall be deemed terminating the Agreement, and agreeing that the provisions referred to in Paragraph 1 and Paragraph 2 herein shall apply.

 Article 12. Other Special Covenants 
  

	 	1.	 Party B shall permit Party A or its agent to enter the subject premises to check, take pictures of and inspect
the maintenance work whenever it is necessary (including but not limited to Party B’s occurrence of the circumstances referred to in Paragraph 2 herein), and issue the “Management Unit’s Real Property Tour Inspection Form” to
Party A’s agent without any objection. In principle, Party A shall give a prior notice to Party B and enter the subject premises under escort of Party B’s personnel during Party B’s business hours, provided that in the case of fire,
burglary, hygiene and public safety or any other emergencies, Party A’s personnel may enter the subject premises and take appropriate actions without escort of Party B’s personnel. 

 

	 	2.	 Where it is necessary for Party B to change the license to satisfy its business needs, Party A shall only
provide Party B with any information available presently, but Party B shall complete all necessary procedures at its own expenses. 

Where it is impossible for Party B to seek the competent authority’s approval for changes of the license referred to in the preceding
paragraph, Party B shall notify Party A within 10 days of the date when the application for changes referred to in the preceding paragraph is rejected by the competent authority. Both parties may agree to terminate the Agreement, and the security
deposit will be refunded without interest upon Party B’s repayment of all necessary expenses and evacuation and cleanup of the subject premises. Party B may not claim damages against Party A therefor. 

Where Party B fails to notify Party A within the time limit referred to in the preceding paragraph, it may no longer claim the right of
termination referred to in the preceding paragraph. 
  

	 	3.	 Party B shall effectively bind its contractors dedicated to decoration and moving during the decoration and
moving period, and shall bear the damages to the subject premises, if any, jointly and severally with the contractors. 

  
 7 

	 	4.	 Any acts and intentions to be expressed by Party B to Party A pursuant to the Agreement shall be expressed to
Party A’s Administrative Dept. 

  

	 	5.	 Any notice given by either party to the other party under the Agreement shall be served to the other
party’s address referred to herein. Either party shall notify the other party in writing of any changes in its address. Both parties agree that where either party fails to notify the other party in writing of the changes in its address, if any,
the notice given by it to the other party’s latest address referred to herein shall be deemed duly served. Where it is impossible to duly serve the notice or the notice is rejected by the receiver and returned accordingly, the date of the first
mailing by the post office shall be deemed as the date of duly service. Any delay derived from failure to duly serve shall be solely borne by the sender. 

  

	 	6.	 Where more than two lessees lease the subject premises jointly in the capacity of Party B, the co-lessees shall be responsible for paying the rent and security deposit to Party A respectively, and be jointly and severally liable for the matters defined herein. 

 

	 	7.	 Where more than two lessees lease the subject premises jointly in the capacity of Party B and either of them
violates the Agreement, Party A may terminate the Agreement in whole. When Party B terminates the Agreement earlier, they may not do so individually, unless all of them claim the termination. 

Article 13. Penalty for Breach of Agreement 

Unless otherwise agreed herein, where Party B violates the Agreement, Party A shall terminate the Agreement and claim damages. Upon Party
B’s moving out of the subject premises, Party A only needs to refund the unearned rent received by it without interest, as well as the balance of the security deposit less the expenses and damages to be borne by Party B, if any, without
interest. 
 Article 14. Notarization 
  

	 	1.	 Both parties agree to have the Agreement notarized by a court or public notary and to share the relevant
expenses evenly. 

  

	 	2.	 The deliverables to be performed by Party B pursuant to the Agreement include the surrender of the subject
premises and payment of the rent and overdue fine payable upon expiration of the Term. Where Party B fails to perform the deliverables, Party A may petition with the court for a compulsory execution. The matters subject to the compulsory execution
are stated in the notarization deed. 

 Article 15. Any matters not covered herein shall be governed by the Civil Code and related laws.

  
 8 

 Article 16. Agreement on Jurisdictional Court 

Both parties agree that where disputes or legal actions arise from the Agreement, if any, they shall submit to the jurisdiction of the district
court situated in the place where the subject premises are located as the court of first instance. 
 Article 17. The Agreement documents consist of the
Agreement per se, notes to tenders and related documents. In the case of any conflicts among said documents, the Agreement shall govern. 
 Article 18. The
Agreement is made out in triplicate, and Party A, Party B and the notary public retain one copy respectively, with one duplicate retained by Party A. 

Party A (Lessor): Taiwan Cooperative Bank 

Tax Identification Number: 70799128 

Chairperson: Lei Chung-Ta 

Address: No. 225, Sec. 2, Changan E. Rd., Songshan Dist., Taipei City 

Party B (Lessee): Gogoro Taiwan Limited 

Tax Identification Number: 53433060 

Responsible Person: Lu Hsueh-Sen 

Address: No. 33, Dinghu Rd., Guishan Dist., Taoyuan City 

November 30, 2017 

  
 9

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