Document:

Exhibit
10.23

 

NEITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT

 

ENDEXX
CORPORATION

 

	Warrant
    No: SPV-1	 
	Warrant
    Shares: 10,416,667	Initial
    Exercise Date: January 22, 2021

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Apollo Management SPV LLC,
a Florida limited liability company, or its assigns (the “Holder”) is entitled, upon the terms and subject
to the limitations on exercise and the conditions hereinafter set forth, at any time on or after January 22, 2021 (the “Initial
Exercise Date”) and on or prior to the close of business on the five-year anniversary of the Initial Exercise Date (the
“Termination Date”) but not thereafter, to subscribe for and purchase from Endexx Corporation, a Nevada corporation
(the “Company”), up to 10,416,6671 (in any event, as subject to adjustment hereunder, the “Warrant
Shares”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as
defined in Section 2(b).

 

Section
1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain
Convertible Note Purchase Agreement, dated January 22, 2021 (collectively, the “Purchase Agreement”), between
the Company and the purchaser(s) signatory thereto.

 

 

	1	Such number of Warrant
    Shares is equal to fifty percent (50%) of that number of shares of Common Stock into which that certain 12% Senior Secured
    Convertible Promissory Note of the Company in favor of the Holder of even date herewith may be converted.

 

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Section
2. Exercise.

 

a)
Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any
time or from time to time on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company
(or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address
of the Holder appearing on the books of the Company) of a duly executed facsimile copy of the Notice of Exercise form annexed
hereto and within two (2) Trading Days of the date said Notice of Exercise is delivered to the Company, the Company shall have
received payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer or cashier’s check drawn
on a United States bank or, if available, pursuant to the cashless exercise procedure specified in Section 2(c). No ink-original
Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice
of Exercise form be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically
surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant
has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within two
(2) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding
number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder
and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company
shall deliver any objection to any Notice of Exercise Form within one (1) Business Day of receipt of such notice. The Holder
and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following
the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any
given time may be less than the amount stated on the face hereof.

 

b)
Exercise Price. The exercise price per share of the Common Stock under this Warrant shall be $0.06 per share (the “Exercise
Price”).

 

c)
Cashless Exercise. If at any time there is no effective registration statement registering, or no current prospectus available
for, the resale of the Warrant Shares by the Holder, then this Warrant may also be exercised, in whole or in part, at such time
by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal
to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A) =	the
    VWAP on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless
    exercise,” as set forth in the applicable Notice of Exercise;

 

	 	(B) =	the
    Exercise Price of this Warrant, as adjusted hereunder; and

 

	 	(X) =	the
    number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
    if such exercise were by means of a cash exercise rather than a cashless exercise.

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise
pursuant to this Section 2(c).

 

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d)
Mechanics of Exercise. 

 

i.
Delivery of Warrant Shares Upon Exercise. Warrant Shares purchased hereunder shall be transmitted by the Transfer Agent
to the Holder by crediting the account of the Holder’s prime broker with The Depository Trust Company through its Deposit
or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and either (A)
there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares
by the Holder or (B) the shares are eligible for resale by the Holder without volume or manner-of-sale limitations pursuant to
Rule 144, and otherwise by physical delivery to the address specified by the Holder in the Notice of Exercise by the date that
is two (2) Trading Days after the latest of (A) the delivery to the Company of the Notice of Exercise and (B) surrender of this
Warrant (if required) (such date, the “Warrant Share Delivery Date”). The Warrant Shares shall be deemed to
have been issued, and Holder or any other person so designated to be named therein shall be deemed to have become a holder of
record of such shares for all purposes, as of the date the Warrant has been exercised, with payment to the Company of the Exercise
Price (or by cashless exercise, if permitted) and all taxes required to be paid by the Holder, if any, pursuant to Section 2(d)(vi)
prior to the issuance of such shares, having been paid. If the Company fails for any reason to deliver to the Holder the Warrant
Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated
damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock
on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading
Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant
Shares are delivered or Holder rescinds such exercise.

 

ii.
Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request
of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder
a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which
new Warrant shall in all other respects be identical with this Warrant.

 

iii.
Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant
to Section 2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

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iv.
Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available
to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to an exercise
on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open
market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in
satisfaction of a sale by the Holder of the Warrant Shares that the Holder anticipated receiving upon such exercise (a “Buy-In”),
then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price
(including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying
(1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue
times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the
Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored
(in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would
have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder
purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares
of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately
preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice
indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount
of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law
or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s
failure to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

v.
No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share that the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

vi.
Charges, Taxes, and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer
tax or other incidental expense in respect of the issuance of Warrant Shares, all of which taxes and expenses shall be paid by
the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by
the Holder; provided, however, that, in the event that Warrant Shares are to be issued in a name other than the
name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly
executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for
any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice
of Exercise.

 

vii.
Closing of Books. The Company will not close its stockholder books or records in any manner that prevents the timely exercise
of this Warrant, pursuant to the terms hereof.

 

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e)
Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not
have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect
to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s
Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates), would beneficially
own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of
shares of Common Stock beneficially owned by the Holder and its Affiliates shall include the number of shares of Common Stock
issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of
shares of Common Stock that would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially
owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or nonconverted portion of any
other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on
conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates.
Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged
by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of
the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent
that the limitation contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable shall
be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination
of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and
of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a
Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic
or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a
more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
Upon the written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be
determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The “Beneficial
Ownership Limitation” shall be 4.99% of the number of shares of the Common Stock outstanding immediately after giving
effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon not less than 61 days’
prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided
that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately
after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions
of this Section 2(e) shall continue to apply. Any such increase or decrease will not be effective until the 61st day
after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner
otherwise than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) that
may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements
necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to
a successor holder of this Warrant.

 

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Section
3. Certain Adjustments.

 

a)
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or
otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities
payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company
upon exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines
(including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by
reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price
shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares,
if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding
immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted
such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a)
shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend
or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b)
Subsequent Equity Sales. If the Company or any Subsidiary thereof, as applicable, at any time while this Warrant is outstanding,
shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce
any offer, sale, grant or any option to purchase or other disposition) any Common Stock or Common Stock Equivalents, at an effective
price per share less than the Exercise Price then in effect (such lower price, the “Base Share Price” and such
issuances collectively, a “Dilutive Issuance”) (it being understood and agreed that if the holder of the Common
Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, reset provisions,
floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share that are issued
in connection with such issuance, be entitled to receive shares of Common Stock at an effective price per share that is less than
the Exercise Price, such issuance shall be deemed to have occurred for less than the Exercise Price on such date of the Dilutive
Issuance at such effective price), then simultaneously with the consummation of each Dilutive Issuance the Exercise Price shall
be reduced and only reduced to equal the Base Share Price and the number of Warrant Shares issuable hereunder shall be increased
such that the aggregate Exercise Price payable hereunder, after taking into account the decrease in the Exercise Price, shall
be equal to the aggregate Exercise Price prior to such adjustment. Such adjustment shall be made whenever such Common Stock or
Common Stock Equivalents are issued. Notwithstanding the foregoing, no adjustments shall be made, paid, or issued under this Section
3(b) in respect of an Exempt Issuance. The Company shall notify the Holder, in writing, no later than the Trading Day following
the issuance or deemed issuance of any Common Stock or Common Stock Equivalents subject to this Section 3(b), indicating therein
the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice,
the “Dilutive Issuance Notice”). For purposes of clarification, whether or not the Company provides a Dilutive
Issuance Notice pursuant to this Section 3(b), upon the occurrence of any Dilutive Issuance, the Holder is entitled to receive
a number of Warrant Shares based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share
Price in the Notice of Exercise. If the Company enters into a Variable Rate Transaction, despite the prohibition thereon in the
Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible
conversion or exercise price at which such securities may be converted or exercised.

 

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c)
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a), if at any time the Company grants,
issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the
record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled
to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights that the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard
to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date
as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the
Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right
to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and
such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would
not result in the Holder exceeding the Beneficial Ownership Limitation).

 

d)
Pro Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend
or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of
capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options
by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction)
(a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall
be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder
had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a
record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common
Stock are to be determined for the participation in such Distribution (provided, however, to the extent that the
Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation,
then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any
shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in
abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding
the Beneficial Ownership Limitation).

 

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e)
Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in
one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially
all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange
offer (whether by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell,
tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of
the outstanding Common Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification,
reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in
one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without
limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons whereby
such other Person or group acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common
Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making
or party to, such stock or share purchase agreement or other business combination) (each, a “Fundamental Transaction”),
then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would
have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the
Holder (without regard to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares of Common Stock
of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration
(the “Alternate Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number
of shares of Common Stock for which this Warrant is exercisable immediately prior to such Fundamental Transaction (without regard
to any limitation in Section 2(e) on the exercise of this Warrant). For purposes of any such exercise, the determination of the
Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise
Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the
Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash, or property to be received
in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon
any exercise of this Warrant following such Fundamental Transaction. Notwithstanding anything to the contrary, in the event of
a Fundamental Transaction, the Company or any Successor Entity (as defined below) shall, at the Holder’s option, exercisable
at any time concurrently with, or within 30 days after, the consummation of the Fundamental Transaction, purchase this Warrant
from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value of the remaining unexercised portion
of this Warrant on the date of the consummation of such Fundamental Transaction. “Black Scholes Value” means
the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg,
L.P. (“Bloomberg”) determined as of the day of consummation of the applicable Fundamental Transaction for pricing
purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between
the date of the public announcement of the applicable Fundamental Transaction and the Termination Date, (B) an expected volatility
equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of the Trading Day immediately
following the public announcement of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation
shall be the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being
offered in such Fundamental Transaction, and (D) a remaining option time equal to the time between the date of the public announcement
of the applicable Fundamental Transaction and the Termination Date. The Company shall cause any successor entity in a Fundamental
Transaction in which the Company is not the survivor (the “Successor Entity”) to assume in writing all of the
obligations of the Company under this Warrant and the other Transaction Documents in accordance with the provisions of this Section
3(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder (without
unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange
for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance
to this Warrant that is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent
entity) equivalent to the shares of Common Stock acquirable and receivable upon exercise of this Warrant (without regard to any
limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the
exercise price hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock
pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock
and such exercise price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation
of such Fundamental Transaction), and that is reasonably satisfactory in form and substance to the Holder. Upon the occurrence
of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the
date of such Fundamental Transaction, the provisions of this Warrant and the other Transaction Documents referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant and the other Transaction Documents with the same effect as if such Successor Entity
had been named as the Company herein.

 

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f)
Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share,
as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as
of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

g)
Notice to Holder.

 

i.
Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the
Company shall promptly mail to the Holder a notice setting forth the Exercise Price after such adjustment and any resulting adjustment
to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii.
Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever
form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or
purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall
be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the Company is a
party, any sale or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby
the Common Stock is converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be mailed
to the Holder at its last address as it shall appear upon the Warrant Register of the Company, at least 20 calendar days prior
to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken
for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as
of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants
are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is
expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall
be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer, or share exchange; provided that the failure to mail such notice or any defect therein
or in the mailing thereof shall not affect the validity of the corporate action required to be specified in such notice. To the
extent that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Company or
any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on
Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the date of such notice to
the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

Section
4. Transfer of Warrant.

 

a)
Transferability. Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d)
hereof and to the provisions of Section 4.1 of the Purchase Agreement, this Warrant and all rights hereunder (including, without
limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant at the principal office
of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached
hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making
of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants
in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument
of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this
Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically
surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender
this Warrant to the Company within two (2) Trading Days of the date the Holder delivers an assignment form to the Company assigning
this Warrant full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase
of Warrant Shares without having a new Warrant issued.

 

    	9

    	 

    

 

b)
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office
of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer that may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated
the Initial Exercise Date and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant
thereto.

 

c)
Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose
(the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and
treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, absent actual notice to the contrary.

 

d)
Transfer Restrictions. If, at the time of the surrender of this Warrant in connection with any transfer of this Warrant,
the transfer of this Warrant shall not be either (i) registered pursuant to an effective registration statement under the Securities
Act and under applicable state securities or blue sky laws or (ii) eligible for resale without volume or manner-of-sale restrictions
or current public information requirements pursuant to Rule 144, the Company may require, as a condition of allowing such transfer,
that the Holder or transferee of this Warrant, as the case may be, comply with the provisions of Section 4(d) of the Purchase
Agreement.

 

e)
Representation by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant
and, upon any exercise hereof, will acquire the Warrant Shares issuable upon such exercise, for its own account and not with a
view to or for distributing or reselling such Warrant Shares or any part thereof in violation of the Securities Act or any applicable
state securities law, except pursuant to sales registered or exempted under the Securities Act.

 

Section
5. Redemption of the Warrants.

 

a)
Redemption. Not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while
they are exercisable and prior to their expiration, upon notice to the Holder, as described in Section 5(b), at the price
of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Common Stock reported
has been at least $0.30 per share (subject to adjustment in compliance with Section 3), on each of ten (10) consecutive Trading
Days (with minimum daily trading value of $250,000) prior to the date on which notice of the redemption is given and provided
that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants,
and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Subsection 5(b)) or
the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to Section 2(c).

 

    	10

    	 

    

 

b)
Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem all of the Warrants, the Company
shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first
class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (such 30-day period, the
“Redemption Period”) to the Holder to be redeemed at its last address as is shall appear on the Company’s
books and records. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether
or not the Holder received such notice.

 

c)
Exercise After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless basis” in accordance
with Section 2(c)) at any time after notice of redemption shall have been given by the Company pursuant to Section 5(b), and prior
to the Redemption Date. In the event that the Company determines to require the Holder to exercise the Warrants on a “cashless
basis” pursuant to Section 2(c), the notice of redemption shall contain the information necessary to calculate the number
of shares of Common Stock to be received upon exercise of the Warrants. On and after the Redemption Date, the Holder shall have
no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

Section
6. Miscellaneous.

 

a)
No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends, or other
rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth
in Section 3.

 

b)
Loss, Theft, Destruction, or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating
to the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which,
in the case of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or
stock certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated
as of such cancellation, in lieu of such Warrant or stock certificate.

 

c)
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right
required or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next
succeeding Business Day.

 

    	11

    	 

    

 

d)
Authorized Shares. The Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized
and unissued Common Stock a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of
any purchase rights under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase
rights under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares
may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading
Market upon which the Common Stock may be listed. The Company covenants that all Warrant Shares that may be issued upon the exercise
of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and
payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid, and nonassessable and
free from all taxes, liens, and charges created by the Company in respect of the issue thereof (other than taxes in respect of
any transfer occurring contemporaneously with such issue).

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above
the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares
upon the exercise of this Warrant, and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform
its obligations under this Warrant.

 

Before
taking any action that would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or
in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be
necessary from any public regulatory body or bodies having jurisdiction thereof.

 

e)
Jurisdiction. All questions concerning the construction, validity, enforcement, and interpretation of this Warrant shall
be determined in accordance with the provisions of the Purchase Agreement.

 

f)
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered
and the Holder does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities
laws.

 

g)
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder
shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers, or remedies, notwithstanding
the fact that all rights hereunder terminate on the Termination Date. If the Company willfully and knowingly fails to comply with
any provision of this Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts
as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including
those of appellate proceedings, incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing
any of its rights, powers or remedies hereunder.

 

    	12

    	 

    

 

h)
Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company
shall be delivered in accordance with the notice provisions of the Purchase Agreement.

 

i)
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant
to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability
of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted
by the Company or by creditors of the Company.

 

j)
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages,
will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

 

k)
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby
shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted
assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant
and shall be enforceable by the Holder or holder of Warrant Shares.

 

l)
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company
and the Holder.

 

m)
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

n)
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant.

 

o)
Derivative Accounting Treatment. Notwithstanding anything to the contrary contained herein, the Holder and the Company
will use commercially reasonable efforts to modify the provisions hereof in such a manner that the Company’s financial statements
will not be subject to derivative accounting treatment; provided, however, that the Company acknowledges that the
maintenance of the various exercise price provisions herein are, to the Holder, a material component of the consideration for
the entire transaction of which this Warrant is a component. Any such agreed upon modification shall be deemed to be effective
as of the first day of the Company’s fiscal year in which the Company entered into a transaction with such a “derivative
instrument.”

 

********************

 

(Signature
Page Follows)

 

    	13

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first
above indicated.

 

	 	ENDEXX
    CORPORATION
	 	 
	 	By:	                   
	 	Name:	 
	 	Title:	 

 

    	14

    	 

    

 

NOTICE
OF EXERCISE

 

To:
ENDEXX cORPORATION

 

(1)
The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant
(only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer
taxes, if any.

 

(2)
Payment shall take the form of (check applicable box):

 

[  ]
in lawful money of the United States; or

 

[  ]
if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise
procedure set forth in subsection 2(c).

 

(3)
Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

_______________________________

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

_______________________________

 

_______________________________

 

_______________________________

 

(4)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under
the Securities Act of 1933, as amended.

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: __________________________________________

Signature
of Authorized Signatory of Investing Entity: __________________

Name
of Authorized Signatory: ______________________________________

Title
of Authorized Signatory: _____________________________________

Date:
__________________

 

    	EXHIBIT A

    	 

    

 

EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 	 
	 	 	(Please
    Print)
	 	 	 
	Address:	 	 
	 	 	(Please
    Print)
	 	 	 
	Dated:
    _______________ __, ______ 	 	 
	 	 	 
	Holder’s
    Signature: _____________________	 	 
	 	 	 
	Holder’s
    Address:______________________	 	 

 

    	EXHIBIT BExhibit
10.24

 

PERCENTAGE
PAYMENT AGREEMENT

 

This
Percentage Payment Agreement (this “Agreement”), dated as of January 22, 2021 (the “Effective Date”),
is by and between Apollo Management Group, Inc., a Florida corporation with offices located at 7050 Aloma Avenue, Winter Park,
Florida 32792 (“Apollo”), and Endexx Corporation, a Nevada corporation with offices located at 38246 North
Hazelwood Circle, Cave Creek, Arizona 85331 (“Endexx”; collectively, with Apollo, the “Parties,”
or each, individually, a “Party”).

 

WHEREAS,
Apollo acted as the “structuring agent” in connection with the transactions contemplated by that certain Convertible
Note Purchase Agreement (the transactions contemplated thereby in such agreement and in the related agreements, collectively,
the “Transactions”; and the documents reflecting the Transactions, collectively, the “Transaction
Documents”) by and between Apollo Management SPV LLC, a Florida limited liability company (the “SPV”),
and Endexx of even date herewith;

 

WHEREAS,
CBD Unlimited, Inc., a Nevada corporation (“CBDU”), is a Member (“Member”) of Khode LLC,
a Delaware limited liability company organized on October 1, 2020 (the “Limited Liability Company”), and is
the record and beneficial owner of up to 70% of the total Interests therein (its “Interests”); and

 

WHEREAS,
the SPV desires that Apollo directly receive certain economic benefits from the Transactions and its status as the structuring
agent in respect thereof, and Endexx is willing to provide such economic benefits, directly and through CBDU, all as set forth
with more peculiarity herein.

 

NOW,
THEREFORE, in consideration of these presents and for such other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties, intending to be legally bound hereby, agree as follows:

 

1.
Definitions. For purposes of this Agreement,
the following terms have the following meanings:

 

“Action”
has the meaning set forth in Section 6.1.

 

“Affiliate”
of a Person means any other Person that, at any time during the Term, directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person. The term “control” for purposes of this
Agreement means the power to direct or cause the direction of the management and policies of a Person, whether through the ownership
of voting securities, by contract, or otherwise, and “controlled by” and “under common control with” have
correlative meanings.

 

“Agreement”
has the meaning set forth in the preamble.

 

“Apollo”
has the meaning set forth in the preamble.

 

“Auditor”
has the meaning set forth in Section 3.2(a).

 

“Business
Day” means a day other than a Saturday, Sunday, or other day on which commercial banks in New York are authorized or
required by Law to be closed for business.

 

    	1

    	 

    

 

“CBDU”
has the meaning set forth in the preamble.

 

“Change
of Control” means with respect to a Person: (i) an acquisition, reorganization, merger, or consolidation of such Person
by or with any other Person in which the holders of the voting securities of such Person outstanding immediately before such transaction
cease to beneficially own at least fifty percent (50%) of the combined voting power of the surviving entity, directly or indirectly,
immediately after such transaction; (ii) a transaction or series of related transactions in which any other Person, together with
its Affiliates (if applicable), becomes the beneficial owner of fifty percent (50%) or more of the combined voting power of the
outstanding securities of such Person; or (iii) the sale or other transfer to any other Person of all or substantially all of
such Person’s assets.

 

“Confidential
Information” means all non-public, confidential, or proprietary information of a Party or its Affiliates, whether in
oral, written, electronic, or other form or media, whether or not such information is marked, designated, or otherwise identified
as “confidential” any information that, due to the nature of its subject matter or circumstances surrounding its disclosure,
would reasonably be understood to be confidential or proprietary.

 

Confidential
Information does not include information that the Receiving Party can demonstrate by documentation: (i) was already known to such
Party or its Affiliates without restriction on use or disclosure prior to the receipt of such information directly or indirectly
from or on behalf of the Disclosing Party; (ii) was or is independently developed by the Receiving Party or its Affiliates without
reference to or use of any Confidential Information; (iii) was or becomes generally known by the public other than by breach of
this Agreement by, or other wrongful act of, the Receiving Party or its Affiliates; or (iv) was received by the Receiving Party
or its Affiliates from a third party who was not, at the time, under any obligation to the Disclosing Party or any other Person
to maintain the confidentiality of such information.

 

“Disclosing
Party” has the meaning set forth in Section 4.1.

 

“Distributions”
has the meaning ascribed to such term in Section 3.16 of the Operating Agreement.

 

“Effective
Date” has the meaning set forth in the preamble.

 

“Endexx”
has the meaning set forth in the preamble.

 

“Governmental
Authority” means any federal, state, national, supranational, local, or other government, whether domestic or foreign,
including any subdivision, department, agency, instrumentality, authority (including any regulatory authority), commission, board,
or bureau thereof, or any court, tribunal, or arbitrator.

 

“Interests”
has the meaning set forth in the preamble.

 

“Law”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement,
or rule of law of any federal, state, local, or foreign government or political subdivision thereof, or any arbitrator, court,
or tribunal of competent jurisdiction.

 

“Limited
Liability Company” has the meaning set forth in the preamble.

 

    	2

    	 

    

 

“Member”
has the meaning ascribed to such term in Section 2.47 of the Operating Agreement.

 

“Operating
Agreement” means the LLC Operating Agreement of the Limited Liability Company, dated October 1, 2020.

 

“Party”
has the meaning set forth in the preamble.

 

“Payment
Statement” has the meaning set forth in Section 2.3(b).

 

“Person(s)”
means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated
organization, trust, association, or other entity.

 

“Receiving
Party” has the meaning set forth in Section 4.1.

 

“Representatives”
means a Party’s and its Affiliates’ employees, officers, directors, consultants, and legal advisors.

 

“Percentage
Payment” has the meaning set forth in Section 2.1.

 

“Subsidiary”
of a Person means a corporation, partnership, limited liability company, or other business entity that is controlled by such Person,
and “control” has the meaning given to it in the definition of “Affiliate.”

 

“Term”
has the meaning set forth in Section 7.1.

 

2.
Percentage Payments. Endexx and CBDU are
jointly and severally obligated in respect to the obligations set forth in this Section 2, such that any obligation that specifically
references “Endexx” shall also be deemed to reference “CBDU” as a co-obligor and any obligation that specifically
references “CBDU” shall also be deemed to reference “Endexx” as a co-obligor.

 

2.1
Percentage Payment. During the Term, Endexx shall pay
to Apollo an amount equivalent to two and one-tenth percent (2.1%)1 of all cash received by the Limited Liability
Company from its net sales of Branded Products (as that term is defined in the Operating Agreement) or otherwise (the “Percentage
Payment”).

 

2.2
Taxes. Percentage Payments and other sums payable under
this Agreement are exclusive of taxes. Endexx will be responsible for all sales, use, excise, and value added taxes, and any other
similar taxes, duties, and charges of any kind imposed by any federal, state, or local Governmental Authority on any amounts payable
by Endexx hereunder, other than any taxes imposed on, or with respect to, Apollo’s income, revenues, gross receipts, personnel,
or real or personal property, or other assets, and shall pay all such Percentage Payments and other sums payable hereunder free
and clear of all deductions and withholdings whatsoever, unless the deduction or withholding is required by law. If any deduction
or withholding is required by law, Endexx shall pay to Apollo such sum as will, after the deduction or withholding has been made,
leave Apollo with the same amount as it would have been entitled to receive without any such requirement to make a deduction or
withholding.

  

 

1
Such number is derived from three percent (3%) of CBDU’s ownership of seventy percent (70%) of the Interests (as that
term is defined in the Operating Agreement) of the Limited Liability Company.

 

    	3

    	 

    

 

2.3
Payment Terms and Percentage Payment Statements.

 

(a)
Endexx shall pay all Percentage Payments and any other sums payable under this Agreement within three (3) Business Days of CBDU’s
receipt of the relevant Distribution. Endexx shall make all payments in US dollars by wire transfer of immediately available funds
to a bank account to be designated in writing by Apollo unless the relevant Distribution was not made in cash, in which event
such Percentage Payment shall be of the same specie as the relevant Distribution.

 

(b)
Concurrently with Endexx’s payment to Apollo of each Percentage Payment
pursuant to Section 2.1, Endexx shall also provide to Apollo a statement (each, a “Payment Statement”) showing
the relevant Distribution in respect of such Percentage Payment:

 

(c)
If any Percentage Payment is not received by Apollo within five (5) Business Days after becoming due, Endexx shall pay to Apollo
(i) interest on the overdue Percentage Payment from the date such Percentage Payment was due to the date of actual payment at
lower of the default interest rate set forth in that certain 12% Senior Secured Convertible Promissory Note of even date herewith
(one of the Transaction Documents) or the maximum amount permitted under applicable Law and (ii) in cash, as liquidated damages
and not as a penalty, (x) $100.00 per Business Day for each Business Day thereafter if the amount of such unpaid Percentage Payment
is less than $5,000.00, (y) $500.00 per Business Day for each Business Day thereafter if the amount of such unpaid Percentage
Payment is between $5,000.00 and $9,999.99, and (z) $1,000.00 per Business Day for each Business Day thereafter if the amount
of such unpaid Percentage Payment is $10,000.00 or greater.

 

3.
Records and Audit. Endexx and CBDU are
jointly and severally obligated in respect to the obligations set forth in this Section 3, such that any obligation that specifically
references “Endexx” shall also be deemed to reference “CBDU” as a co-obligor and any obligation that specifically
references “CBDU” shall also be deemed to reference “Endexx” as a co-obligor.

 

3.1
Records. Endexx shall keep complete and
accurate records of the Distributions and all other matters generally and specifically related thereto in respect of the Limited
Liability Company and CBDU’s Interests as a Member thereof. Endexx shall maintain such records for the longer of (a) the
period of time required by applicable Law or (b) four (4) years following expiration or termination of this Agreement.

 

3.2
Audit.

 

(a)
Apollo, at its own expense, may at any time within eighteen (18) months after receiving any Payment Statement from Endexx, nominate
an independent certified public accountant (“Auditor”) whom Endexx shall permit to have access to Endexx’s
records during Endexx’s normal business hours for the purpose of verifying all Percentage Payments made under this Agreement.

 

    	4

    	 

    

 

(b)
Apollo shall provide to Endexx a copy of the Auditor’s report within twenty (20) Business Days of Apollo’s receipt
of the report. If the report shows that the Percentage Payments made by Endexx are deficient, Endexx shall pay to Apollo the deficient
amount plus interest on the deficient amount, as calculated pursuant to Section 2.3(c), within twenty (20) Business Days after
Endexx’s receipt of the report. If payments made by Endexx are found to be deficient by more than ten percent (10%), Endexx
shall pay to Apollo the expenses that it incurred in connection with the Auditor and its report.

 

4.
Confidentiality. Endexx and CBDU are jointly
and severally obligated in respect to the obligations set forth in this Section 4, such that any obligation that specifically
references “Endexx” shall also be deemed to reference “CBDU” as a co-obligor and any obligation that specifically
references “CBDU” shall also be deemed to reference “Endexx” as a co-obligor.

 

4.1
Confidentiality Obligations. Each Party
(each, a “Receiving Party”) acknowledges that in connection with this Agreement it may gain access to Confidential
Information of the other Party (each, a “Disclosing Party”). As a condition to being provided with Confidential
Information, the Receiving Party shall, during the Term and for four (4) years thereafter:

 

(a)
not use the Disclosing Party’s Confidential Information other than as strictly necessary to exercise its rights and perform
its obligations under this Agreement; and

 

(b)
maintain the Disclosing Party’s Confidential Information in strict confidence and, subject to Section 4.2, not disclose
the Disclosing Party’s Confidential Information without the Disclosing Party’s prior written consent, provided,
however, the Receiving Party may disclose the Confidential Information to its Representatives who:

 

(i)
have a need to know the Confidential Information for purposes of the Receiving Party’s performance, or exercise of its rights
concerning the Confidential Information, under this Agreement;

 

(ii)
have been apprised of this restriction; and

 

(iii)
are themselves bound by written nondisclosure agreements at least as restrictive as those set forth in this Section 4.1; provided,
further, that the Receiving Party will be responsible for ensuring its Representatives’ compliance with, and will
be liable for any breach by its Representatives of, this Section 4.1.

 

The
Receiving Party shall use reasonable care, at least as protective as the efforts it uses for its own confidential information,
to safeguard the Disclosing Party’s Confidential Information from use or disclosure other than as permitted hereby.

 

    	5

    	 

    

 

4.2
Exceptions. If the Receiving Party becomes
legally compelled to disclose any Confidential Information, the Receiving Party shall:

 

(a)
provide prompt written notice to the Disclosing Party so that the Disclosing Party may seek a protective order or other appropriate
remedy or waive its rights under Section 4; and

 

(b)
disclose only the portion of Confidential Information that it is legally required to furnish.

 

If
a protective order or other remedy is not obtained, or the Disclosing Party waives compliance under Section 4, the Receiving Party
shall, at the Disclosing Party’s expense, use reasonable efforts to obtain assurance that confidential treatment will be
afforded the Confidential Information.

 

5.
Representations and Warranties.

 

5.1
Mutual Representations and Warranties.
Each Party represents and warrants to the other party that, as of the Effective Date:

 

(a)
it is duly organized, validly existing, and in good standing as a corporation or other entity as represented herein under the
laws and regulations of its jurisdiction of incorporation, organization, or chartering;

 

(b)
it has the full right, power, and authority to enter into this Agreement and to perform its obligations hereunder;

 

(c)
the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized
by all necessary corporate action of the Party; and

 

(d)
when executed and delivered by such Party, this Agreement will constitute the legal, valid, and binding obligation of that Party,
enforceable against that Party in accordance with its terms.

 

5.2
Endexx Representation and Warranties.
Endexx, on behalf of itself and on behalf of CBDU, represents and warrants that it has not received any notice or threat of any
claim, suit, action, or proceeding, and has no knowledge or reason to know of any information, that could invalidate or render
unenforceable any of the transactions contemplated by this Agreement.

 

5.3
Apollo Representation and Warranties. Apollo represents
and warrants that, to Apollo’s knowledge, it has not received any notice or threat of any claim, suit, action, or proceeding,
and has no knowledge or reason to know of any information, that could invalidate or render unenforceable any of the transactions
contemplated by this Agreement.

 

6.
Indemnification.

 

6.1
Endexx Indemnification. Endexx shall indemnify, defend,
and hold harmless Apollo and its Affiliates, and each of Apollo’s and its Affiliates’ respective officers, directors,
employees, agents, successors, and assigns against all Losses arising out of or resulting from any third party claim, suit, action,
or other proceeding related to or arising out of or resulting from Endexx’s breach of any representation, warranty, covenant,
or obligation under this Agreement (each, an “Action”).

 

    	6

    	 

    

 

6.2
Indemnification Procedure. Apollo shall
promptly notify Endexx in writing of any Action and cooperate with Endexx at Endexx’s sole cost and expense. Subject to
Section 6.1, Endexx shall immediately take control of the defense and investigation of the Action and shall employ counsel reasonably
acceptable to Apollo to handle and defend the Action, at Endexx’s sole cost and expense. Endexx shall not settle any Action
in a manner that adversely affects the rights of Apollo or its Affiliates without Apollo’s or its Affiliates’ prior
written consent, which consent may not be unreasonably withheld, delayed, denied, or conditioned. Apollo’s or its Affiliates’
failure to perform any obligations under this Section 6.2 will not relieve Endexx of its obligation under Section 6 except to
the extent Endexx can demonstrate that it has been materially prejudiced as a result of the failure. Apollo and its Affiliates
may participate in and observe the proceedings at their own cost and expense with counsel of their own choosing.

 

7.
Term and Termination. Endexx and CBDU
are jointly and severally obligated in respect to the obligations set forth in this Section 7, such that any obligation that specifically
references “Endexx” shall also be deemed to reference “CBDU” as a co-obligor and any obligation that specifically
references “CBDU” shall also be deemed to reference “Endexx” as a co-obligor.

 

7.1
Term. This Agreement is effective as of the Effective
Date and, unless terminated earlier in accordance with Section 7.2, will continue in full force and effect until the Limited Liability
Company has been dissolved and CBDU has received its final distribution therefrom unless the transactions contemplated by the
Operating Agreement have been continued by a successor entity to the Limited Liability Company, upon the occurrence of which event
this Agreement will continue unabated (the “Term”).

 

7.2
Termination for Cause. Apollo may terminate
this Agreement immediately by giving written notice to Endexx if:

 

(a)
Endexx fails to pay any amount due under this Agreement on the due date for payment and remains in default not less than ten (10)
Business Days after Apollo’s written notice to make such payment, including the payment of interest in accordance with Section
2.3(c);

 

(b)
Endexx breaches this Agreement (other than through a failure to pay any amounts due under this Agreement) and, if such breach
is curable, fails to cure such breach within ten (10) Business Days of Apollo’s written notice of such breach;

 

(c)
Endexx (i) is dissolved or liquidated or takes any corporate action for such purpose; (ii) becomes insolvent or is generally unable
to pay, or fails to pay, its debts as they become due; (iii) files or has filed against it a petition for voluntary or involuntary
bankruptcy or otherwise becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy
or insolvency law; (iv) makes or seeks to make a general assignment for the benefit of creditors; or (v) applies for or has a
receiver, trustee, custodian, or similar agent appointed by order of any court of competent jurisdiction to take charge of or
sell any material portion of its property or business; or

 

(d)
Endexx undergoes a Change of Control.

 

7.3 Survival.
The rights and obligations of the Parties set forth in this Section 7.3 and Section 1 (Definitions), Section 2 (Percentage
Payments), Section 4 (Confidentiality), Section 5 (Representations and Warranties), Section 6 (Indemnification), and Section
8 (Miscellaneous), and any right, obligation, or required performance of the Parties in this Agreement which, by its express
terms or nature and context is intended to survive termination or expiration of this Agreement, will survive any such
termination or expiration.

 

    	7

    	 

    

 

8.
Miscellaneous. Endexx and CBDU are jointly
and severally obligated in respect to the obligations set forth in this Section 8, such that any obligation that specifically
references “Endexx” shall also be deemed to reference “CBDU” as a co-obligor and any obligation that specifically
references “CBDU” shall also be deemed to reference “Endexx” as a co-obligor.

 

8.1
Further Assurances. Each Party shall,
and shall cause its respective Affiliates to, upon the reasonable request of the other Party, execute such documents promptly
and take such further actions as may be necessary to give full effect to the terms of this Agreement.

 

8.2
Independent Contractors. The relationship
between the Parties is that of independent contractors. Nothing contained in this Agreement creates any agency, partnership, joint
venture, or other form of joint enterprise, employment, or fiduciary relationship between the Parties, and neither Party has authority
to contract for nor bind the other Party in any manner whatsoever.

 

8.3
No Public Statements. Neither Party may
issue or release any announcement, statement, press release, or other publicity relating to this Agreement, without the prior
written consent of the other Party, which may not be unreasonably withheld, delayed, denied, or conditioned.

 

8.4
Notices. Any and all notices or other
communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and
effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile at the
facsimile number set forth below or by e-mail at the e-mail address set forth below at or prior to 12:00 noon (New York City time)
on a Business Day; (b) the next Business Day after the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile number set forth below or by e-mail at the e-mail address set forth below on a day that is not a Business
Day or later than 12:00 noon (New York City time) on any Business Day; (c) the second (2nd) Business Day following
the date of transmittal, if sent by U.S. nationally recognized overnight courier service; (d) the fourth (4th) Business
Day following the date of mailing, if sent by U.S. Mail, certified, Priority Mail®, or Priority Mail Express®,
return receipt requested, postage prepaid; or (e) upon actual receipt by the party to whom such notice is required to be given.
The address for such notices and communications shall be as set forth below:

 

	If
    to Apollo:	7050
                                         Aloma Avenue

        Winter
        Park, Florida 32792

        

        E-mail:
        yohan.naraine@gmail.com

        

        Facsimile:
        ______________

        

        Attention:
        Yohan Naraine

	 	 
	If
    to Endexx or CBDU:	38246
                                         North Hazelwood Circle

        Cave
        Creek, Arizona 85331

        

        E-mail:
        endexx@endexx.com

        

        Facsimile:
        ________________

        

        Attention:
        Todd Davis

 

    	8

    	 

    

 

8.5
Interpretation. For purposes of this Agreement: (a)
the words “include,” “includes,” and “including” will be deemed to be followed by the words
“without limitation;” (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,”
“hereby,” “hereto,” and “hereunder” refer to this Agreement as a whole. This Agreement will
be construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting an
instrument or causing any instrument to be drafted.

 

8.6
Headings. The headings in this Agreement
are for reference only and do not affect the interpretation of this Agreement.

 

8.7
Entire Agreement. This Agreement, together
with any documents incorporated herein by reference or to which reference is made, if and as relevant, constitutes the sole and
entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous
understandings and agreements, both written and oral, with respect to such subject matter. In the event of any conflict between
the terms and provisions of this Agreement or other document, the following order of precedence will govern: (a) first, this Agreement
and (b) second, any other documents incorporated herein by reference or to which reference is made, if or as relevant.

 

8.8
Assignment. Endexx shall not assign or
otherwise transfer any of its rights, or delegate or otherwise transfer any of its obligations or performance, under this Agreement
or the Operating Agreement, or as a Member of the Limited Liability Company, in each case whether voluntarily, involuntarily,
by operation of law, or otherwise, without Apollo’s prior written consent, which consent Apollo may withhold, delay, deny,
or condition for any reason or for no reason in its sole and absolute discretion. For purposes of the preceding sentence, and
without limiting its generality, any merger, consolidation, or reorganization involving Endexx (regardless of whether Endexx is
a surviving or disappearing entity) will be deemed to be a transfer of rights, obligations, or performance under this Agreement
for which Apollo’s prior written consent is required. No delegation or other transfer will relieve Endexx of any of its
obligations or performance under this Agreement. Any purported assignment, delegation, or transfer in violation of this Section
8.8 is void. Apollo may freely assign or otherwise transfer all or any of its rights, or delegate or otherwise transfer all or
any of its obligations or performance, under this Agreement with notice to, but without the requirement of consent of, Endexx.
This Agreement is binding upon and inures to the benefit of the Parties and their respective permitted successors and assigns.

 

8.9
No Third-Party Beneficiaries. This Agreement
is for the sole benefit of the Parties and their respective successors and permitted assigns and nothing herein, express, or implied,
is intended to or will confer upon any other Person any legal or equitable right, benefit, or remedy of any nature whatsoever,
under or by reason of this Agreement.

 

    	9

    	 

    

 

8.10
Amendment; Modification; Waiver. This
Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each Party. No waiver by any Party
of any of the provisions hereof will be effective unless explicitly set forth in writing and signed by the waiving Party. Except
as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power, or privilege
arising from this Agreement will operate or be construed as a waiver thereof; nor will any single or partial exercise of any right,
remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power, or privilege.

 

8.11
Severability. If any term or provision
of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability
will not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in
any other jurisdiction. Upon a determination that any term or other provision is invalid, illegal, or unenforceable, the Parties
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to
the greatest extent possible.

 

8.12
Governing Law; Submission to Jurisdiction. All questions concerning the construction, validity, enforcement, and interpretation
of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Florida,
without regard to the principles of conflicts of law thereof. Each Party agrees that all legal proceedings concerning the interpretations,
enforcement, and defense of the transactions contemplated by this Agreement (whether brought against a Party hereto or its respective
Affiliates, directors, officers, shareholders, partners, members, employees, or agents) shall be commenced exclusively in the
state and federal courts sitting in the City of Miami. Each Party hereby irrevocably submits to the exclusive jurisdiction of
the state and federal courts sitting in the City of Miami, Miami-Dade County, for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner permitted by law. If either Party shall commence
an action, suit, or proceeding to enforce any provisions hereof, then the prevailing party in such action, suit, or proceeding
shall be reimbursed by the other Party for its reasonable attorneys’ fees and other costs and expenses incurred with the
investigation, preparation, and prosecution of such action or proceeding.

 

8.13
Waiver of Jury Trial. To the maximum extent
permitted by law, each Party irrevocably and unconditionally waives any right it may have to a trial by jury for any legal action
arising out of or relating to this Agreement or the transactions contemplated hereby.

 

8.14
Equitable Relief. Each Party acknowledges
that a breach by the other Party of this Agreement may cause the non-breaching Party irreparable harm, for which an award of damages
would not be adequate compensation and, in the event of such a breach or threatened breach, the non-breaching Party will be entitled
to equitable relief, including in the form of a restraining order, orders for preliminary or permanent injunction, specific performance,
and any other relief that may be available from any court, and the Parties hereby waive any requirement for the securing or posting
of any bond or the showing of actual monetary damages in connection with such relief. These remedies are not exclusive but are
in addition to all other remedies available under this Agreement at law or in equity, subject to any express exclusions or limitations
in this Agreement to the contrary.

 

8.15
Counterparts. This Agreement may be executed
in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties
need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery
of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page was an original thereof.

 

    	10

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.

 

ENDEXX
CORPORATION

 

	By:	 	 
	 	Todd
    Davis, Chief Executive Officer	 
	 	 	 
	APOLLO
    MANAGEMENT GROUP, INC.	 
	 	 
	By:	 	 
	 	Yohan
    Naraine, Chief Executive Officer	 

 

THE
UNDERSIGNED ENTITY, BY ITS SIGNATURE BELOW, ACKNOWLEDGES THAT IT IS JOINTLY AND SEVERALLY OBLIGATED WITH ENDEXX CORPORATION UNDER
THE TERMS OF THIS AGREEMENT.

 

CBD
UNLIMITED, INC.

 

	By:	 	 
	 	Todd
    Davis, Chief Executive Officer	 

 

    	11

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