Document:

Exhibit 10.1 

EQUITY FINANCING AGREEMENT

 

This EQUITY FINANCING AGREEMENT (the “Agreement”),
dated as of December 17, 2021 (the “Execution Date”), is entered into by and between GBT Technologies, Inc., a Nevada corporation
with its principal executive office at 2450 Colorado Avenue, Suite 100E, Santa Monica, California 90404 (the “Company”),
and GHS Investments LLC, a Nevada limited liability company, with offices at 420 Jericho Turnpike, Suite 102, Jericho, NY 11753 (the “Investor”).

 

RECITALS:

 

WHEREAS, the parties desire that,
upon the terms and subject to the conditions contained herein, the Investor shall invest up to Ten Million Dollars ($10,000,000) (the
“Commitment Amount”), over the course of twenty-four (24) months immediately following the Effective Date (the “Contract
Period”) to purchase the Company’s common stock, par value $0.00001 per share (the “Common Stock”);

 

WHEREAS, such investments will
be made in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended
(the “1933 Act”), Rule 506 of Regulation D promulgated by the SEC under the 1933 Act, and/or upon such other exemption
from the registration requirements of the 1933 Act as may be available with respect to any or all of the investments in Common Stock to
be made hereunder; and

 

WHEREAS, contemporaneously with
the execution and delivery of this Agreement, the parties hereto are executing and delivering a Registration Rights Agreement substantially
in the form attached hereto as Exhibit A (the “Registration Rights Agreement”) pursuant to which the Company
has agreed to provide certain registration rights under the 1933 Act, and the rules and regulations promulgated thereunder, and applicable
state securities laws.

 

NOW THEREFORE, in consideration
of the foregoing recitals, which shall be considered an integral part of this Agreement, the covenants and agreements set forth hereafter,
and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Investor hereby
agree as follows:

 

SECTION I.

DEFINITIONS

 

For all purposes of and under
this Agreement, the following terms shall have the respective meanings below, and such meanings shall be equally applicable to the singular
and plural forms of such defined terms.

 

“1933 Act” shall have
the meaning set forth in the recitals.

 

“1934 Act” shall mean
the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations of the SEC thereunder,
all as the same will then be in effect.

 

“Affiliate” shall have
the meaning set forth in Section 5.7.

 

“Agreement” shall have
the meaning set forth in the preamble.

 

“Articles of Incorporation”
shall have the meaning set forth in Section 4.3.

 

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“By-laws” shall have
the meaning set forth in Section 4.3.

 

“Closing” shall have the meaning set forth
in Section 2.4.

 

“Closing Date” shall
have the meaning set forth in Section 2.4.

 

“Common Stock” shall
have the meaning set forth in the recitals.

 

“Control” or “Controls”
shall have the meaning set forth in Section 5.7.

 

“Effective Date” shall
mean the date the SEC declares effective under the 1933 Act the Registration Statement covering the Securities.

 

“Environmental Laws”
shall have the meaning set forth in Section 4.13.

 

“Execution Date” shall
have the meaning set forth in the preamble.

 

“Indemnified Liabilities”
shall have the meaning set forth in Section 10.

 

“Indemnitees” shall have
the meaning set forth in Section 10.

 

“Indemnitor” shall have
the meaning set forth in Section 10.

 

“Ineffective Period”
shall mean any period of time that the Registration Statement or any supplemental registration statement becomes ineffective or unavailable
for use for the sale or resale, as applicable, of any or all of the Registrable Securities (as defined in the Registration Rights Agreement)
for any reason (or in the event the prospectus under either of the above is not current and deliverable) during any time period required
under the Registration Rights Agreement.

 

“Investor” shall have
the meaning set forth in the preamble.

 

“Market Price” shall
mean the lowest daily volume weighted average price (“VWAP”) of the Common Stock during the Pricing Period.

 

“Material Adverse Effect”
shall have the meaning set forth in Section 4.1.

 

“Maximum Common Stock Issuance”
shall have the meaning set forth in Section 2.5.

 

“Open Period” shall mean
the period beginning on and including the Trading Day immediately following the Effective Date and ending on the termination of the Agreement
in accordance with Section 8.

 

“Pricing Period” shall
mean the ten (10) consecutive Trading Days preceding the relevant Put Notice Date.

 

“Principal Market” shall
mean the New York Stock Exchange, the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market
or the OTC Markets, whichever is the principal market on which the Common Stock is listed.

 

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“Prospectus” shall mean
the prospectus, preliminary prospectus and supplemental prospectus used in connection with the Registration Statement.

 

“Purchase Amount” shall
mean the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

 

“Purchase Price” shall
mean ninety percent (90%) of the Market Price.

 

“Put” shall mean the
Company is entitled to request equity investments (the “Put” or “Puts”) by the Investor, pursuant to which the
Company will issue Common Stock to the Investor with an aggregate Purchase Price equal to the value of the Put, subject to a price per
share calculation based on the Market Price.

 

“Put Amount” shall mean
the total dollar amount requested by the Company pursuant to an applicable Put. The timing and amounts of each Put shall be at the discretion
of the Company. The maximum dollar amount of each Put will not exceed two hundred percent (200%) of the average daily trading dollar volume
for the Common Stock during the ten (10) consecutive Trading Days preceding the Put Notice Date. No Put will be made in an amount equaling
less than ten thousand dollars ($10,000) or greater than five hundred thousand dollars ($500,000). Puts are further limited to the Investor
owning no more than 4.99% of the outstanding stock of the Company at any given time.

 

“Put Notice” shall mean
a written notice sent to the Investor by the Company stating the Put Amount in U.S. dollars that the Company intends to sell to the Investor
pursuant to the terms of the Agreement and stating the current number of Shares issued and outstanding on such date.

  

“Put Notice Date” shall
mean the Trading Day on which the Investor receives a Put Notice.

 

“Put Restriction” shall
mean a minimum of ten (10) Trading Days following a Put Notice Date. During this time, the Company shall not be entitled to deliver another
Put Notice.

 

“Put Shares” shall have
the meaning set forth in Section 2.4.

 

“Registered Offering Transaction
Documents” shall mean this Agreement and the Registration Rights Agreement between the Company and the Investor as of the date
herewith.

 

“Registration Rights Agreement”
shall have the meaning set forth in the recitals.

 

“Registration Statement”
means the registration statement of the Company filed under the 1933 Act covering the Securities issuable hereunder.

 

“Related Party” shall
have the meaning set forth in Section 5.7.

 

“Resolution” shall have
the meaning set forth in Section 7.5.

 

“SEC” shall mean the
U.S. Securities and Exchange Commission.

 

“SEC Documents” shall
have the meaning set forth in Section 4.6.

 

“Securities” shall mean
the shares of Common Stock issued pursuant to the terms of this Agreement.

 

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“Settlement Date” shall
have the meaning set forth in Section 2.4.

 

“Shares” shall mean the
shares of the Common Stock.

 

“Subsidiaries” shall
have the meaning set forth in Section 4.1.

 

“Trading Day” shall mean
any day on which the Principal Market for the Common Stock is open for trading, from the hours of 9:30 am until 4:00 pm.

 

“Transaction Costs” the
Company shall bear the costs of the Registration Statement.

 

SECTION II

PURCHASE AND SALE OF COMMON STOCK

 

2.1               
PURCHASE AND SALE OF COMMON STOCK. Subject to the terms and conditions set forth herein,
the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having
an aggregate Purchase Price of Ten Million Dollars ($10,000,000).

2.2               
DELIVERY OF PUT NOTICES. Subject to the terms and conditions herein, and from time to time
during the Open Period, the Company may, in its sole discretion, deliver a Put Notice to the Investor which states the dollar amount (designated
in U.S. Dollars), which the Company intends to sell to the Investor on a Closing Date (the “Put”). The Put Notice shall
be in the form attached hereto as Exhibit C and incorporated herein by reference. The Purchase Price of the Put shall be ninety
percent (90%) percent of the Market Price. During the Open Period, the Company shall not be entitled to submit a Put Notice until after
the previous Closing has been completed. There will be a minimum of ten (10) trading days between Put Notices. No Put will be made in
an amount equaling less than ten thousand dollars ($10,000) or greater than five hundred thousand dollars ($500,000). 

 

2.3               
CONDITIONS TO INVESTOR’S OBLIGATION TO PURCHASE SHARES. Notwithstanding anything to
the contrary in this Agreement, the Company shall not be entitled to deliver a Put Notice and the Investor shall not be obligated to purchase
any Shares at a Closing unless each of the following conditions are satisfied: 

 

	 	i.	a Registration Statement shall have been declared effective and shall remain effective and available for the resale of all the Registrable Securities (as defined in the Registration Rights Agreement) at all times until the Closing with respect to the subject Put Notice; 

 

		ii.	at all times during the period beginning on the related Put Notice Date
and ending on and including the related Closing Date, the Common Stock shall have been listed or quoted for trading on the Principal Market
and shall not have been suspended from trading thereon for a period of two (2) consecutive Trading Days during the Open Period and the
Company shall not have been notified of any pending or threatened proceeding or other action to suspend the trading of the Common Stock;

 

		iii.	the Company has complied with its obligations and is otherwise not in breach
of or in default under, this Agreement, the Registration Rights Agreement or any other agreement executed between the parties, which has
not been cured prior to delivery of the Put Notice; 

 

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		iv.	no injunction shall have been issued and remain in force, or action commenced
by a governmental authority which has not been stayed or abandoned, prohibiting the purchase or the issuance of the Securities; and 

 

		v.	the issuance of the Securities will not violate any requirements of the
Principal Market. 

 

If any of the events described in
clauses (i) through (v) above occurs during a Pricing Period, then the Investor shall have no obligation to purchase the Put Amount of
Common Stock set forth in the applicable Put Notice.

 

2.4               
MECHANICS OF PURCHASE OF SHARES BY INVESTOR. Subject to the satisfaction of the conditions
set forth in Sections 2.5, 7 and 8 of this Agreement, at the end of the Pricing Period, the Purchase Price shall be established and an
amount of Shares equaling one hundred and ten percent (110.00%) of the Put Amount (the “Put Shares”) shall be delivered
to the Investor’s broker for a particular Put.

The Closing of a Put shall occur upon the first Trading Day following the confirmation of receipt and approval for trading by Investor’s
broker of the Put Shares, whereby the Company shall have caused the Transfer Agent to electronically transmit, prior to the applicable
Closing Date, the applicable Put Shares by crediting the account of the Investor’s broker with DTC through its Deposit Withdrawal
Agent Commission (“DWAC”) system, subject to the investor’s broker initiating the requested DWAC to be filled
by the Company’s Transfer Agent. The Investor shall deliver the Purchase Amount specified in the Put Notice by wire transfer of
immediately available funds to an account designated by the Company if the aforementioned receipt and approval are confirmed before 9:30
AM ET or on the following Trading Day if receipt and approval by the Investor’s broker is made after 9:30 AM ET (“Closing
Date” or “Closing”). In addition, on or prior to such Closing Date, each of the Company and Investor shall
deliver to each other all documents, instruments and writings required to be delivered or reasonably requested by either of them pursuant
to this Agreement in order to implement and effect the transactions contemplated herein.

 

2.5               
OVERALL LIMIT ON COMMON STOCK ISSUABLE. Notwithstanding anything contained herein to the contrary,
if during the Open Period the Company becomes listed on an exchange which limits the number of shares of Common Stock that may be issued
without shareholder approval, then the number of Shares issuable by the Company and purchasable by the Investor, shall not exceed that
number of the shares of Common Stock that may be issuable without shareholder approval (the “Maximum Common Stock Issuance”).
If such issuance of shares of Common Stock could cause a delisting on the Principal Market then the Maximum Common Stock Issuance shall
first be approved by the Company’s shareholders in accordance with applicable law and the By-laws and the Articles of Incorporation
of the Company. The parties understand and agree that the Company’s failure to seek or obtain such shareholder approval shall in
no way adversely affect the validity and due authorization of the issuance and sale of Securities or the Investor’s obligation in
accordance with the terms and conditions hereof to purchase a number of Shares in the aggregate up to the Maximum Common Stock Issuance,
and that such approval pertains only to the applicability of the Maximum Common Stock Issuance limitation provided in this Section
2.5.

 

2.6               
LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement,
in no event shall the Investor be entitled to purchase that number of Shares, which when added to the sum of the number of shares of
Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Investor, would
exceed 4.99% of the number of shares of Common Stock outstanding on the Closing Date, as determined in accordance with Rule 13d-1(j)
of the 1934 Act.

 

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SECTION III

INVESTOR’S REPRESENTATIONS, WARRANTIES AND
COVENANTS

 

The Investor represents and warrants
to the Company, and covenants, that to the best of the Investor’s knowledge:

 

3.1               
SOPHISTICATED INVESTOR. The Investor has, by reason of its business and financial experience,
such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that it
is capable of (I) evaluating the merits and risks of an investment in the Securities and making an informed investment decision; (II)
protecting its own interest; and (III) bearing the economic risk of such investment for an indefinite period of time. 

 

3.2               
AUTHORIZATION; ENFORCEMENT. This Agreement has been duly and validly authorized, executed
and delivered on behalf of the Investor and is a valid and binding agreement of the Investor enforceable against the Investor in accordance
with its terms, subject as to enforceability to general principles of equity and to applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights
and remedies. 

 

3.3               
SECTION 9 OF THE 1934 ACT. During the term of this Agreement, the Investor will comply with
the provisions of Section 9 of the 1934 Act, and the rules promulgated thereunder, with respect to transactions involving the Common Stock.

 

3.4               
ACCREDITED INVESTOR. Investor is an “Accredited Investor” as that term is defined
in Rule 501(a) of Regulation D of the 1933 Act. 

 

3.5               
NO CONFLICTS. The execution, delivery and performance of the Documents by the Investor and
the consummation by the Investor of the transactions contemplated hereby and thereby will not result in a violation of Partnership Agreement
or other organizational documents of the Investor. 

 

3.6               
OPPORTUNITY TO DISCUSS. The Investor has received all materials relating to the Company’s
business, finance and operations which it has requested. The Investor has had an opportunity to discuss the business, management and financial
affairs of the Company with the Company’s management. 

 

3.7               
INVESTMENT PURPOSES. The Investor is purchasing the Securities for its own account for investment
purposes and not with a view towards distribution and agrees to resell or otherwise dispose of the Securities solely in accordance with
the registration provisions of the 1933 Act (or pursuant to an exemption from such registration provisions). 

 

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3.8               
GOOD STANDING. The Investor is a limited liability company, duly organized, validly existing
and in good standing in the State of Nevada. 

 

3.9               
TAX LIABILITIES. The Investor understands that it is liable for its own tax liabilities.

 

3.10           
REGULATION M. The Investor will comply with Regulation M under the 1934 Act, if applicable.

 

3.11           
PROHIBITED TRADING. No short
sales shall be permitted by the Investor or its affiliates during the period commencing on the Execution Date and continuing through the
termination of this Agreement. 

 

SECTION IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

Except as set forth in the Schedules
attached hereto, or as disclosed on the Company’s SEC Documents, the Company represents and warrants to the Investor that:

 

4.1               
ORGANIZATION AND QUALIFICATION. The Company is a corporation duly organized and validly existing
in good standing under the laws of the State of Nevada, and has the requisite corporate power and authorization to own its properties
and to carry on its business as now being conducted. Both the Company and the companies it owns or controls (“Subsidiaries”)
are duly qualified to do business and are in good standing in every jurisdiction in which its ownership of property or the nature of the
business conducted by it makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing
would not have a Material Adverse Effect. As used in this Agreement, “Material Adverse Effect” means a change, event,
circumstance, effect or state of facts that has had or is reasonably likely to have, a material adverse effect on the business, properties,
assets, operations, results of operations, financial condition or prospects of the Company and its Subsidiaries, if any, taken as a whole,
or on the transactions contemplated hereby or by the agreements and instruments to be entered into in connection herewith, or on the authority
or ability of the Company to perform its obligations under the Registered offering Transaction Documents. 

 

4.2               
AUTHORIZATION; ENFORCEMENT; COMPLIANCE WITH OTHER INSTRUMENTS. 

 

		i.	The Company has the requisite corporate power and authority to enter into
and perform this Agreement and to enter the Registration Rights Agreement (collectively, the “Registered Offering Transaction
Documents”), and to issue the Securities in accordance with the terms hereof and thereof subject to the Effective Date. 

 

		ii.	The execution and delivery of the Registered Offering Transaction Documents
by the Company and the consummation by it of the transactions contemplated hereby and thereby, including without limitation the issuance
of the Securities pursuant to this Agreement, have been duly and validly authorized by the Company’s Board of Directors and no further
consent or authorization is required by the Company, its Board of Directors, or its shareholders. 

 

		iii.	The Registered Offering Transaction Documents have been duly and validly
executed and delivered by the Company. 

 

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		iv.	The Registered Offering Transaction Documents constitute the valid and binding
obligations of the Company enforceable against the Company in accordance with their terms, except as such enforceability may be limited
by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating
to, or affecting generally, the enforcement of creditors’ rights and remedies. 

 

4.3               
CAPITALIZATION. As of the date hereof, the authorized capital stock of the Company consists
of: (i)2,000,000,000 shares of the Common Stock, par value $0.00001 per share, of which as of the date hereof 29,037,333 shares are issued
and outstanding; and, (ii) 20,000,000 shares of Preferred Stock, par value $0.00001 of which as of the date hereof 45,000 Series B Preferred
Stock, 700 Series C Preferred Stock and 40,000 Series H Preferred Stock are issued and outstanding. All of such outstanding shares have
been, or upon issuance will be, validly issued and are fully paid and nonassessable.

Except as disclosed in the Company’s publicly available filings with the SEC and as will be disclosed in the Registration Statement,
and based on the best information available and efforts of the Company’s management, or as otherwise set forth on Schedule 4.3:

 

		i.	no shares of the Company’s capital stock are subject to preemptive
rights or any other similar rights or any liens or encumbrances suffered or permitted by the Company; 

 

		ii.	there are no outstanding debt securities; 

 

		iii.	there are no outstanding shares of capital stock, options, warrants, scrip,
rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares
of capital stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the Company
or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries
or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights
convertible into, any shares of capital stock of the Company or any of its Subsidiaries; 

 

		iv.	there are no agreements or arrangements under which the Company or any of
its Subsidiaries is obligated to register the sale of any of their securities under the 1933 Act (except the Registration Rights Agreement);

 

		v.	there are no outstanding securities of the Company or any of its Subsidiaries
which contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the
Company or any of its Subsidiaries is or may become bound to redeem a security of the Company or any of its Subsidiaries; 

 

		vi.	there are no securities or instruments containing anti-dilution or similar
provisions that will be triggered by the issuance of the Securities as described in this Agreement;

 

		vii.	the Company does not have any stock appreciation rights or “phantom
stock” plans or agreements or any similar plan or agreement; and 

 

		viii.	there is no dispute as to the classification of any shares of the Company’s
capital stock. 

 

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The Company has furnished to the
Investor, or the Investor has had access through EDGAR to, true and correct copies of the Company’s Articles of Incorporation and
all amendments thereto, as in effect on the date hereof (the “Articles of Incorporation”), and the Company’s
By-laws and all amendments thereto, as in effect on the date hereof (the “By-laws”), and the terms of all securities
convertible into or exercisable for Common Stock and the material rights of the holders thereof in respect thereto.

 

4.4               
ISSUANCE OF SHARES. As of the filing of the Registration Statement the Company will have reserved
the amount of Shares included in the Registration Statement for issuance pursuant to the Registered Offering Transaction Documents, which
have been duly authorized and reserved (subject to adjustment pursuant to the Company’s covenant set forth in Section 5.5
below) pursuant to this Agreement. Upon issuance in accordance with this Agreement, the Securities will be validly issued, fully paid
for and non-assessable and free from all taxes, liens and charges with respect to the issuance thereof. In the event the Company cannot
register a sufficient number of Shares for issuance pursuant to this Agreement, the Company will use its best efforts to authorize and
reserve for issuance the number of Shares required for the Company to perform its obligations hereunder as soon as reasonably practicable.

 

4.5               
NO CONFLICTS. The execution, delivery and performance of the Registered Offering Transaction
Documents by the Company and the consummation by the Company of the transactions contemplated hereby and thereby will not (i) result in
a violation of the Articles of Incorporation, any Certificate of Designations, Preferences and Rights of any outstanding series of preferred
stock of the Company or the By-laws; or (ii) conflict with, or constitute a material default (or an event which with notice or lapse of
time or both would become a material default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, any material agreement, contract, indenture mortgage, indebtedness or instrument to which the Company or any of its Subsidiaries is
a party, or to the Company’s knowledge result in a violation of any law, rule, regulation, order, judgment or decree (including
United States federal and state securities laws and regulations and the rules and regulations of the Principal Market or principal securities
exchange or trading market on which the Common Stock is traded or listed) applicable to the Company or any of its Subsidiaries or by which
any property or asset of the Company or any of its Subsidiaries is bound or affected. Neither the Company nor its Subsidiaries is in violation
of any term of, or in default under, the Articles of Incorporation, any Certificate of Designations, Preferences and Rights of any outstanding
series of preferred stock of the Company or the By-laws or their organizational charter or by-laws, respectively, or any contract, agreement,
mortgage, indebtedness, indenture, instrument, judgment, decree or order or any statute, rule or regulation applicable to the Company
or its Subsidiaries, except for possible conflicts, defaults, terminations, amendments, accelerations, cancellations and violations that
would not individually or in the aggregate have or constitute a Material Adverse Effect. The business of the Company and its Subsidiaries
is not being conducted, and shall not be conducted, in violation of any law, statute, ordinance, rule, order or regulation of any governmental
authority or agency, regulatory or self-regulatory agency, or court, except for possible violations the sanctions for which either individually
or in the aggregate would not have a Material Adverse Effect. Except as specifically contemplated by this Agreement and as required under
the 1933 Act or any securities laws of any states, to the Company’s knowledge, the Company is not required to obtain any consent,
authorization, permit or order of, or make any filing or registration (except the filing of a registration statement as outlined in the
Registration Rights Agreement between the parties) with, any court, governmental authority or agency, regulatory or self-regulatory agency
or other third party in order for it to execute, deliver or perform any of its obligations under, or contemplated by, the Registered Offering
Transaction Documents in accordance with the terms hereof or thereof. All consents, authorizations, permits, orders, filings and registrations
which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof
and are in full force and effect as of the date hereof. The Company and its Subsidiaries are unaware of any facts or circumstances which
might give rise to any of the foregoing. The Company is not, and will not be, in violation of the listing requirements of the Principal
Market as in effect on the date hereof and on each of the Closing Dates and is not aware of any facts which would reasonably lead to delisting
of the Common Stock by the Principal Market in the foreseeable future.

 

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4.6               
 SEC DOCUMENTS; FINANCIAL STATEMENTS. As of the date hereof, the Company has filed all reports,
schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the
1934 Act (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules
thereto and documents incorporated by reference therein, and amendments thereto, being hereinafter referred to as the “SEC Documents”).
The Company has delivered to the Investor or its representatives, or they have had access through EDGAR to, true and complete copies of
the SEC Documents. As of their respective filing dates, the SEC Documents complied in all material respects with the requirements of the
1934 Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents,
at the time they were filed with the SEC or the time they were amended, if amended, contained any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. As of their respective dates, the financial statements of the Company included in the SEC
Documents complied as to form in all material respects with applicable accounting requirements and the published rules and regulations
of the SEC with respect thereto. Such financial statements have been prepared in accordance with generally accepted accounting principles,
by a firm that is a member of the Public Companies Accounting Oversight Board (“PCAOB”) consistently applied, during
the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in the case
of unaudited interim statements, to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present
in all material respects the financial position of the Company as of the dates thereof and the results of its operations and cash flows
for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). No other written information
provided by or on behalf of the Company to the Investor which is not included in the SEC Documents, including, without limitation, information
referred to in Section 4.3 of this Agreement, contains any untrue statement of a material fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstance under which they are or were made, not misleading. Neither
the Company nor any of its Subsidiaries or any of their officers, directors, employees or agents have provided the Investor with any material,
nonpublic information which was not publicly disclosed prior to the date hereof and any material, nonpublic information provided to the
Investor by the Company or its Subsidiaries or any of their officers, directors, employees or agents prior to any Closing Date shall be
publicly disclosed by the Company prior to such Closing Date. 

 

4.7               
ABSENCE OF CERTAIN CHANGES. Except as otherwise set forth in the SEC Documents, the Company
does not intend to change the business operations of the Company in any material way. The Company has not taken any steps, and does not
currently expect to take any steps, to seek protection pursuant to any bankruptcy law nor does the Company or its Subsidiaries have any
knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings.

 

4.8               
ABSENCE OF LITIGATION AND/OR REGULATORY PROCEEDINGS. Except as set forth in the SEC Documents,
there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory
organization or body pending or, to the knowledge of the executive officers of Company or any of its Subsidiaries, threatened against
or affecting the Company, the Common Stock or any of the Company’s Subsidiaries or any of the Company’s or the Company’s
Subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a Material Adverse Effect.

 

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4.9               
ACKNOWLEDGMENT REGARDING INVESTOR’S PURCHASE OF SHARES. The Company acknowledges and
agrees that the Investor is acting solely in the capacity of an arm’s length investor with respect to the Registered Offering Transaction
Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that the Investor is not acting as a
financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Registered Offering Transaction Documents
and the transactions contemplated hereby and thereby and any advice given by the Investor or any of its respective representatives or
agents in connection with the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby is merely
incidental to the Investor’s purchase of the Securities, and is not being relied on by the Company. The Company further represents
to the Investor that the Company’s decision to enter into the Registered Offering Transaction Documents has been based solely on
the independent evaluation by the Company and its representatives. 

 

4.10           
NO UNDISCLOSED EVENTS, LIABILITIES, DEVELOPMENTS OR CIRCUMSTANCES. Except as set forth in
the SEC Documents, as of the date hereof, no event, liability, development or circumstance has occurred or exists, or to the Company’s
knowledge is contemplated to occur, with respect to the Company or its Subsidiaries or their respective business, properties, assets,
prospects, operations or financial condition, that would be required to be disclosed by the Company under applicable securities laws on
a registration statement filed with the SEC relating to an issuance and sale by the Company of its Common Stock and which has not been
publicly announced. 

 

4.11           
EMPLOYEE RELATIONS. Neither the Company nor any of its Subsidiaries is involved in any union
labor dispute nor, to the knowledge of the Company or any of its Subsidiaries, is any such dispute threatened. Neither the Company nor
any of its Subsidiaries is a party to a collective bargaining agreement, and the Company and its Subsidiaries believe that relations with
their employees are good. No executive officer (as defined in Rule 501(f) of the 1933 Act) has notified the Company that such officer
intends to leave the Company’s employ or otherwise terminate such officer’s employment with the Company. 

 

4.12           
INTELLECTUAL PROPERTY RIGHTS. Except as set forth in the SEC Documents, the Company and its
Subsidiaries own or possess adequate rights or licenses to use all trademarks, trade names, service marks, service mark registrations,
service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental authorizations, trade secrets and rights
necessary to conduct their respective businesses as now conducted. Except as set forth in the SEC Documents, none of the Company’s
trademarks, trade names, service marks, service mark registrations, service names, patents, patent rights, copyrights, inventions, licenses,
approvals, government authorizations, trade secrets or other intellectual property rights necessary to conduct its business as now or
as proposed to be conducted have expired or terminated, or are expected to expire or terminate within three (3) years from the date of
this Agreement. The Company and its Subsidiaries do not have any knowledge of any infringement by the Company or its Subsidiaries of trademark,
trade name rights, patents, patent rights, copyrights, inventions, licenses, service names, service marks, service mark registrations,
trade secret or other similar rights of others, or of any such development of similar or identical trade secrets or technical information
by others and, except as set forth in the SEC Documents, there is no claim, action or proceeding being made or brought against, or to
the Company’s knowledge, being threatened against, the Company or its Subsidiaries regarding trademark, trade name, patents, patent
rights, invention, copyright, license, service names, service marks, service mark registrations, trade secret or other infringement; and
the Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing. The Company
and its Subsidiaries have taken commercially reasonable security measures to protect the secrecy, confidentiality and value of all of
their intellectual properties. 

 

    11 

     

    

 

4.13           
ENVIRONMENTAL LAWS. The Company and its Subsidiaries (i) are, to the knowledge of the management
and directors of the Company and its Subsidiaries, in compliance with any and all applicable foreign, federal, state and local laws and
regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants
or contaminants (“Environmental Laws”); (ii) have, to the knowledge of the management and directors of the Company,
received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses;
and (iii) are in compliance, to the knowledge of the management and directors of the Company, with all terms and conditions of any such
permit, license or approval where, in each of the three (3) foregoing cases, the failure to so comply would have, individually or in the
aggregate, a Material Adverse Effect. 

 

4.14           
TITLE. The Company and its Subsidiaries have good and marketable title to all personal property
owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances
and defects except such as are described in the SEC Documents or such as do not materially affect the value of such property and do not
interfere with the use made and proposed to be made of such property by the Company or any of its Subsidiaries. Any real property and
facilities held under lease by the Company or any of its Subsidiaries are held by them under valid, subsisting and enforceable leases
with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings
by the Company and its Subsidiaries. 

 

4.15           
INSURANCE. Each of the Company’s assets are insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts as management of the Company reasonably believes to be prudent and customary
in the businesses in which the Company and its Subsidiaries are engaged. Neither the Company nor any of its Subsidiaries has been refused
any insurance coverage sought or applied for and neither the Company nor its Subsidiaries has any reason to believe that it will not be
able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as
may be necessary to continue its business at a cost that would not have a Material Adverse Effect. 

 

4.16           
REGULATORY PERMITS. The Company and its Subsidiaries have in full force and effect all certificates,
approvals, authorizations and permits from the appropriate federal, state, local or foreign regulatory authorities and comparable foreign
regulatory agencies, necessary to own, lease or operate their respective properties and assets and conduct their respective businesses,
and neither the Company nor any such Subsidiary has received any notice of proceedings relating to the revocation or modification of any
such certificate, approval, authorization or permit, except for such certificates, approvals, authorizations or permits which if not obtained,
or such revocations or modifications which, would not have a Material Adverse Effect. 

 

4.17           
INTERNAL ACCOUNTING CONTROLS. Except as otherwise set forth in the SEC Documents, the Company
and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions
are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to
permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the
PCAOB and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or
specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any differences. The Company’s management has determined that the Company’s internal
accounting controls were not effective as of the date of this Agreement as further described in the SEC Documents.

 

    12 

     

    

 

4.18           
NO MATERIALLY ADVERSE CONTRACTS, ETC. Except as set forth in the SEC Documents, neither the
Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment, decree, order, rule
or regulation which in the judgment of the Company’s officers has or is expected in the future to have a Material Adverse Effect.
Neither the Company nor any of its Subsidiaries is a party to any contract or agreement which in the judgment of the Company’s officers
has or is expected to have a Material Adverse Effect. 

 

4.19           
TAX STATUS. The Company and each of its Subsidiaries has made or filed all United States federal
and state income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject (unless and only
to the extent that the Company and each of its Subsidiaries has set aside on its books provisions reasonably adequate for the payment
of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments and charges that are material in amount,
shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and has set aside
on its books provision reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns, reports
or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction,
and the officers of the Company know of no basis for any such claim. 

 

4.20           
CERTAIN TRANSACTIONS. Except as set forth in the SEC Documents filed at least ten (10) days
prior to the date hereof and except for arm’s length transactions pursuant to which the Company makes payments in the ordinary course
of business upon terms no less favorable than the Company could obtain from disinterested third parties, none of the officers, directors,
or employees of the Company is presently a party to any transaction with the Company or any of its Subsidiaries (other than for services
as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services
to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any officer, director
or such employee or, to the knowledge of the Company, any corporation, partnership, trust or other entity in which any officer, director,
or any such employee has a substantial interest or is an officer, director, trustee or partner, such that disclosure would be required
in the SEC Documents.. 

 

4.21           
DILUTIVE EFFECT. The Company understands and acknowledges that the number of shares of Common
Stock issuable upon purchases pursuant to this Agreement will increase in certain circumstances including, but not necessarily limited
to, the circumstance wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of
the Open Period. The Company’s executive officers and directors have studied and fully understand the nature of the transactions
contemplated by this Agreement and recognize that they have a potential dilutive effect on the shareholders of the Company. The Board
of Directors of the Company has concluded, in its good faith business judgment, and with full understanding of the implications, that
such issuance is in the best interests of the Company. The Company specifically acknowledges that, subject to such limitations as are
expressly set forth in the Registered Offering Transaction Documents, its obligation to issue shares of Common Stock upon purchases pursuant
to this Agreement is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership interests
of other shareholders of the Company.

 

4.22           
NO GENERAL SOLICITATION. Neither the Company, nor any of its affiliates, nor any person acting
on its behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection
with the offer or sale of the Common Stock to be offered as set forth in this Agreement. 

 

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4.23           
NO BROKERS, FINDERS OR FINANCIAL ADVISORY FEES OR COMMISSIONS. Other than J.H. Dabie &
Co., Inc. no brokers, finders or financial advisory fees or commissions will be payable by the Company, its agents or Subsidiaries, with
respect to the transactions contemplated by this Agreement.

 

4.24           
EXCLUSIVITY. The Company shall not pursue a similar equity financing transaction as envisioned
hereunder (the “Equity Financing”) with any other party unless and until good faith negotiations have terminated between the
Investor and the Company or until such time as the Registration Statement has been declared effective by the SEC. The Company represents
that until the earlier of (i) such time that the Registration Statement has been declared “Effective” by the SEC or (ii) June
30, 2022, the Company will not raise an amount of variable or adjustable pricing debt or equity in an amount which exceeds three hundred
thousand dollars ($300,000). After the Registration Statement has been declared effective by the SEC the Company will not enter into any
variable or adjustable priced debt or equity transactions. 

 

SECTION V

COVENANTS OF THE COMPANY

 

5.1               
BEST EFFORTS. The Company shall use all commercially reasonable efforts to timely satisfy
each of the conditions set forth in Section 7 of this Agreement. 

 

5.2               
REPORTING STATUS. Until one of the following occurs, the Company shall file all reports required
to be filed with the SEC pursuant to the 1934 Act, and the Company shall not terminate its status, or take an action or fail to take any
action, which would terminate its status as a reporting company under the 1934 Act: (i) this Agreement terminates pursuant to Section
8 and the Investor has the right to sell all of the Securities without restrictions pursuant to Rule 144 promulgated under the 1933
Act, or such other exemption, or (ii) the date on which the Investor has sold all the Securities and this Agreement has been terminated
pursuant to Section 8.

 

5.3               
USE OF PROCEEDS. The Company will use the proceeds from the sale of the Put Shares (excluding
amounts paid by the Company for fees as set forth in the Registered Offering Transaction Documents) for general corporate and working
capital purposes and acquisitions or assets, businesses or operations or for other purposes that the Board of Directors, in good faith,
deem to be in the best interest of the Company. 

 

5.4               
FINANCIAL INFORMATION. During the Open Period, the Company agrees to make available to the
Investor via EDGAR or other electronic means the following documents and information on the forms set forth, upon written request of the
Investor (i) within five (5) Trading Days after the filing thereof with the SEC, a copy of its Annual Reports on Form 10-K, its Quarterly
Reports on Form 10-Q, any Current Reports on Form 8-K and any Registration Statements or amendments filed pursuant to the 1933 Act; (ii)
copies of any notices and other information made available or given to the shareholders of the Company generally, contemporaneously with
the making available or giving thereof to the shareholders; and (iii) within two (2) calendar days of filing or delivery thereof, copies
of all documents filed with, and all correspondence sent to, the Principal Market, any securities exchange or market, or the Financial
Industry Regulatory Association, unless such information is material nonpublic information. 

 

5.5               
RESERVATION OF SHARES. The Company shall take all action necessary to at all times have authorized,
and reserved the amount of Shares included in the Company’s registration statement for issuance pursuant to the Registered Offering
Transaction Documents. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common
Stock to reserve and keep available for issuance as described in this Section 5.5, the Company shall use all commercially reasonable
efforts to increase the number of authorized shares of Common Stock by seeking shareholder approval for the authorization of such additional
shares. 

 

    14 

     

    

 

5.6               
LISTING. The Company shall promptly secure and maintain the listing of all of the Registrable
Securities (as defined in the Registration Rights Agreement) on the Principal Market and each other national securities exchange and automated
quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and shall maintain,
such listing of all Registrable Securities from time to time issuable under the terms of the Registered Offering Transaction Documents.
Neither the Company nor any of its Subsidiaries shall take any action which would be reasonably expected to result in the delisting or
suspension of the Common Stock on the Principal Market (excluding suspensions of not more than one (1) Trading Day resulting from business
announcements by the Company). The Company shall promptly provide to the Investor copies of any notices it receives from the Principal
Market regarding the continued eligibility of the Common Stock for listing on such automated quotation system or securities exchange.
The Company shall pay all fees and expenses in connection with satisfying its obligations under this Section 5.6. 

 

5.7               
TRANSACTIONS WITH AFFILIATES. The Company shall not, and shall cause each of its Subsidiaries
not to, enter into, amend, modify or supplement, or permit any Subsidiary to enter into, amend, modify or supplement, any agreement, transaction,
commitment or arrangement with any of its or any Subsidiary’s officers, directors, persons who were officers or directors at any
time during the previous two (2) years, shareholders who beneficially own 5% or more of the Common Stock, or Affiliates or with any individual
related by blood, marriage or adoption to any such individual or with any entity in which any such entity or individual owns a 5% or more
beneficial interest (each a “Related Party”), except for (i) customary employment arrangements and benefit programs
on reasonable terms, (ii) any agreement, transaction, commitment or arrangement on an arms-length basis on terms no less favorable than
terms which would have been obtainable from a disinterested third party other than such Related Party, or (iii) any agreement, transaction,
commitment or arrangement which is approved by a majority of the disinterested directors of the Company. For purposes hereof, any director
who is also an officer of the Company or any Subsidiary of the Company shall not be a disinterested director with respect to any such
agreement, transaction, commitment or arrangement. “Affiliate” for purposes hereof means, with respect to any person
or entity, another person or entity that, directly or indirectly, (i) has a 5% or more equity interest in that person or entity, (ii)
has 5% or more common ownership with that person or entity, (iii) controls that person or entity, or (iv) is under common control with
that person or entity. “Control” or “Controls” for purposes hereof means that a person or entity
has the power, directly or indirectly, to conduct or govern the policies of another person or entity. 

 

5.8               
FILING OF FORM 8-K. On or before the date which is four (4) Trading Days after the Execution
Date, the Company shall file a Current Report on Form 8-K with the SEC describing the terms of the transaction contemplated by the Registered
Offering Transaction Documents in the form required by the 1934 Act, if such filing is required. 

 

5.9               
CORPORATE EXISTENCE. The Company shall use all commercially reasonable efforts to preserve
and continue the corporate existence of the Company. 

 

    15 

     

    

 

5.10           
NOTICE OF CERTAIN EVENTS AFFECTING REGISTRATION; SUSPENSION OF RIGHT TO MAKE A PUT. The Company
shall promptly notify the Investor upon the occurrence of any of the following events in respect of a Registration Statement or related
prospectus in respect of an offering of the Securities: (i) receipt of any request for additional information by the SEC or any other
federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements
to the Registration Statement or related prospectus; (ii) the issuance by the SEC or any other federal or state governmental authority
of any stop order suspending the effectiveness of any Registration Statement or the initiation of any proceedings for that purpose; (iii)
receipt of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Securities
for sale in any jurisdiction or the initiation or notice of any proceeding for such purpose; (iv) the happening of any event that makes
any statement made in such Registration Statement or related prospectus or any document incorporated or deemed to be incorporated therein
by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, related prospectus
or documents so that, in the case of a Registration Statement, it will not contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case
of the related prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
and (v) the Company’s reasonable determination that a post-effective amendment or supplement to the Registration Statement would
be appropriate, and the Company shall promptly make available to Investor any such supplement or amendment to the related prospectus.
The Company shall not deliver to Investor any Put Notice during the continuation of any of the foregoing events in this Section 5.10.

 

5.11           
TRANSFER AGENT. The Company shall deliver instructions to its transfer agent to issue Shares
to the Investor that are issued to the Investor pursuant to the Equity Financing and transactions contemplated herein. 

 

5.12           
ACKNOWLEDGEMENT OF TERMS. The Company hereby represents and warrants to the Investor that:
(i) it is voluntarily entering into this Agreement of its own free will, (ii) it is not entering this Agreement under economic duress,
(iii) the terms of this Agreement are reasonable and fair to the Company, and (iv) the Company has had independent legal counsel of its
own choosing review this Agreement, advise the Company with respect to this Agreement, and represent the Company in connection with this
Agreement.

 

SECTION VI

CONDITIONS OF THE COMPANY’S OBLIGATION TO
SELL

 

The obligation hereunder of the
Company to issue and sell the Securities to the Investor is further subject to the satisfaction, at or before each Closing Date, of each
of the following conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company
at any time in its sole discretion.

 

6.1               
The Investor shall have executed this Agreement and the Registration Rights Agreement and delivered
the same to the Company. 

 

6.2               
The Investor shall have delivered to the Company the Purchase Price for the Securities being purchased
by the Investor. 

 

6.3               
No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of
any of the transactions contemplated by this Agreement. 

 

    16 

     

    

 

SECTION VII

FURTHER CONDITIONS OF THE INVESTOR’S OBLIGATION
TO PURCHASE

 

The obligation of the Investor
hereunder to purchase Securities is subject to the satisfaction, on or before each Closing Date, of each of the following conditions set
forth below.

 

7.1                  
The Company shall have executed the Registered Offering Transaction Documents and delivered the same
to the Investor.

 

7.2                  
The representations and warranties of the Company shall be true and correct as of the date when made
and as of the applicable Closing Date as though made at that time and the Company shall have performed, satisfied and complied with the
covenants, agreements and conditions required by the Registered Offering Transaction Documents to be performed, satisfied or complied
with by the Company on or before such Closing Date. The Investor may request an update as of such Closing Date regarding the representation
contained in Section 4.3. 

 

7.3                  
The Company shall have executed and delivered to the Investor via DWAC the Securities (in such denominations
as the Investor shall request) being purchased by the Investor at such Closing. 

 

7.4                  
The Board of Directors of the Company shall have adopted resolutions consistent with Section 4.2(ii)
(the “Resolutions”) and such Resolutions shall not have been amended or rescinded prior to such Closing Date. 

 

7.5                  
No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of
any of the transactions contemplated by this Agreement. 

 

7.6                  
The Company agrees to use its best efforts to file with the SEC the Registration Statement covering
the shares of stock underlying the Equity Financing contemplated herein. Such Registration Statement shall conform to the requirements
of the rules and regulations of the SEC, and be subject to the reasonable approval of the Investor. The Registration Statement shall be
effective on each Closing Date and no stop order suspending the effectiveness of the Registration statement shall be in effect or to the
Company’s knowledge shall be pending or threatened. Furthermore, on each Closing Date (I) neither the Company nor the Investor shall
have received notice that the SEC has issued or intends to issue a stop order with respect to such Registration Statement or that the
SEC otherwise has suspended or withdrawn the effectiveness of such Registration Statement, either temporarily or permanently, or intends
or has threatened to do so (unless the SEC’s concerns have been addressed), and (II) no other suspension of the use or withdrawal
of the effectiveness of such Registration Statement or related prospectus shall exist. 

 

7.7                  
At the time of each Closing, the Registration Statement (including information or documents incorporated
by reference therein) and any amendments or supplements thereto shall not contain any untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein not misleading or which would require public
disclosure or an update supplement to the prospectus. 

 

7.8                  
If applicable, the shareholders of the Company shall have approved the issuance of any Shares in
excess of the Maximum Common Stock Issuance in accordance with Section 2.5 or the Company shall have obtained appropriate approval
pursuant to the requirements of applicable state and federal laws and the Company’s Articles of Incorporation and By-laws.

 

7.9                  
The conditions to such Closing set forth in Section 2.3 shall have been satisfied on or before
such Closing Date.

 

    17 

     

    

 

7.10              
The Company shall have certified to the Investor the number of Shares of Common Stock outstanding
when a Put Notice is given to the Investor. The Company’s delivery of a Put Notice to the Investor constitutes the Company’s
certification of the existence of the necessary number of shares of Common Stock reserved for issuance.

 

SECTION VIII

TERMINATION

 

This Agreement shall terminate
upon any of the following events:

 

8.1               
when the Investor has purchased an aggregate of Ten Million Dollars ($10,000,000) in the
Common Stock of the Company pursuant to this Agreement;

 

 

8.2               
twenty four (24) months from the date of this Agreement’s execution have elapsed; or

 

8.3               
thirty (30) calendar days after the Company providing the Investor with written notice of its intent
to cancel the Agreement.

 

Any and all shares, or penalties,
if any, due under this Agreement shall be immediately payable and due upon termination of this Agreement.

 

SECTION IX

SUSPENSION

 

This Agreement shall be suspended
upon any of the following events, and shall remain suspended until such event is rectified:

 

		i.	The trading of the Common Stock is suspended by the SEC, the Principal Market
or FINRA for a period of two (2) consecutive Trading Days during the Open Period; 

 

		ii.	The Common Stock ceases to be quoted, listed or traded on the Principal
Market or the Registration Statement is no longer effective (except as permitted hereunder);

 

		iii.	The Company breaches representation, warranty, covenant or other such term;

 

		iv.	The Company files, threatens or is compelled into Bankruptcy or insolvency;
or

 

		v.	The Common Stock is no longer DWAC eligible.

 

		vi.	Immediately upon the occurrence of one of the above-described events, the
Company shall send written notice of such event to the Investor.

 

    18 

     

    

 

SECTION X

INDEMNIFICATION

 

In consideration of the parties
mutual obligations set forth in the Transaction Documents, the Company ( the “Indemnitor”) shall defend, protect, indemnify
and hold harmless the Investor and all of the investor’s shareholders, officers, directors, employees, counsel, and direct or indirect
investors and any of the foregoing person’s agents or other representatives (including, without limitation, those retained in connection
with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and against any and all
actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and reasonable expenses in connection
therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder is sought), and including
reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”), incurred by any Indemnitee as a
result of, or arising out of, or relating to (I) any misrepresentation or breach of any representation or warranty made by the Indemnitor
or any other certificate, instrument or document contemplated hereby or thereby; (II) any breach of any covenant, agreement or obligation
of the Indemnitor contained in the Registered Offering Transaction Documents or any other certificate, instrument or document contemplated
hereby or thereby; or (III) any cause of action, suit or claim brought or made against such Indemnitee by a third party and arising out
of or resulting from the execution, delivery, performance or enforcement of the Registered Offering Transaction Documents or any other
certificate, instrument or document contemplated hereby or thereby, except insofar as any such misrepresentation, breach or any untrue
statement, alleged untrue statement, omission or alleged omission is made in reliance upon and in conformity with information furnished
to Indemnitor which is specifically intended for use in the preparation of any such Registration Statement, preliminary prospectus, prospectus
or amendments to the prospectus. To the extent that the foregoing undertaking by the Indemnitor may be unenforceable for any reason, the
Indemnitor shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible
under applicable law. The indemnity provisions contained herein shall be in addition to any cause of action or similar rights Indemnitor
may have, and any liabilities the Indemnitor or the Indemnitees may be subject to.

 

SECTION XI

GOVERNING LAW; DISPUTES SUBMITTED TO ARBITRATION.

 

11.1           
Law Governing this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought
only in the state or federal courts located in Las Vegas, Nevada. The parties to this Agreement 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 parties executing this Agreement and other agreements referred to herein or delivered in
connection herewith on behalf of the Company agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive
trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs.
In the event that any provision of this Agreement 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 Agreement or
any other Transaction Documents 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 Agreement 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.

 

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11.2           
LEGAL FEES; AND MISCELLANEOUS FEES. Except as otherwise set forth in the Registered Offering
Transaction Documents (including but not limited to Section V of the Registration Rights Agreement), each party shall pay the fees and
expenses of its advisers, counsel, the accountants and other experts, if any, and all other expenses incurred by such party incident to
the negotiation, preparation, execution, delivery and performance of this Agreement. Any attorneys’ fees and expenses incurred by
either the Company or the Investor in connection with the preparation, negotiation, execution and delivery of any amendments to this Agreement
or relating to the enforcement of the rights of any party, after the occurrence of any breach of the terms of this Agreement by another
party or any default by another party in respect of the transactions contemplated hereunder, shall be paid on demand by the party which
breached the Agreement and/or defaulted, as the case may be. The Company shall pay all stamp and other taxes and duties levied in connection
with the issuance of any Securities. 

 

11.3           
COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the different
signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall
constitute but one and the same instrument. This Agreement may be executed by facsimile transmission, PDF, electronic signature or other
similar electronic means with the same force and effect as if such signature page were an original thereof.

 

11.4           
HEADINGS; SINGULAR/PLURAL. The headings of this Agreement are for convenience of reference
and shall not form part of, or affect the interpretation of, this Agreement. Whenever required by the context of this Agreement, the singular
shall include the plural and masculine shall include the feminine. 

 

11.5           
SEVERABILITY. If any provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in
that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. 

 

11.6           
ENTIRE AGREEMENT; AMENDMENTS. This Agreement is the FINAL AGREEMENT between the Company and
the Investor with respect to the terms and conditions set forth herein, and, the terms of this Agreement may not be contradicted by evidence
of prior, contemporaneous, or subsequent oral agreements of the Parties. No provision of this Agreement may be amended other than by an
instrument in writing signed by the Company and the Investor, and no provision hereof may be waived other than by an instrument in writing
signed by the party against whom enforcement is sought. The execution and delivery of the Registered Offering Transaction Documents shall
not alter the force and effect of any other agreements between the Parties, and the obligations under those agreements.

 

11.7           
NOTICES. Any notices or other communications required or permitted to be given under the terms
of this Agreement must be in writing and will be deemed to have been delivered (I) upon receipt, when delivered personally; (II) upon
receipt, when sent by email; or (III) one (1) day after deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same. The addresses for such communications shall be: 

 

    20 

     

    

 

	If to the Company:	2450 Colorado Avenue, Suite 100E,
	 	Santa Monica, California 90404
	 	Attn: Mansour Khatib, CEO
	With a copy to	 
	(which copy shall	 
	not constitute	 
	notice):	Fleming PLLC
	 	30 Wall Street, 8th Floor
	 	New York, New York 10005
	 	Attn: Stephen Fleming, Esq.
	 	 
	If to the Investor:	GHS Investments, LLC
	 	420 Jericho Turnpike,
	 	Suite 102
	 	Jericho, NY 11753

 

              Each party shall provide five (5) days prior written
notice to the other party of any change in address.

 

11.8           
NO ASSIGNMENT. This Agreement may not be assigned.

 

11.9           
NO THIRD PARTY BENEFICIARIES. This Agreement is intended for the benefit of the parties hereto
and is not for the benefit of, nor may any provision hereof be enforced by, any other person, except that the Company acknowledges that
the rights of the Investor may be enforced by its general partner. 

 

11.10        
SURVIVAL. The representations and warranties of the Company and the Investor contained in
Sections 3 and 4, the agreements and covenants set forth in Sections 5 and 6, and the indemnification provisions set forth in Section
10, shall survive each of the Closings and the termination of this Agreement. 

 

11.11        
PUBLICITY. The Investor acknowledges that this Agreement and all or part of the Registered
Offering Transaction Documents may be deemed to be “material contracts” as that term is defined by Item 601(b)(10) of Regulation
S-K, and that the Company may therefore be required to file such documents as exhibits to reports or registration statements filed under
the 1933 Act or the 1934 Act. The Investor further agrees that the status of such documents and materials as material contracts shall
be determined solely by the Company, in consultation with its counsel. 

 

11.12        
FURTHER ASSURANCES. Each party shall do and perform, or cause to be done and performed, all
such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the
other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation
of the transactions contemplated hereby. 

 

11.13        
PLACEMENT AGENT. If so required, the Company agrees to pay a registered broker dealer, to
act as placement agent. The Investor shall have no obligation with respect to any fees or with respect to any claims made by or on behalf
of other persons or entities for fees of a type contemplated in this Section that may be due in connection with the transactions contemplated
by the Registered Offering Transaction Documents. The Company shall indemnify and hold harmless the Investor, their employees, officers,
directors, agents, and partners, and their respective affiliates, from and against all claims, losses, damages, costs (including the costs
of preparation and attorney’s fees) and expenses incurred in respect of any such claimed or existing fees, as such fees and expenses
are incurred. 

 

    21 

     

    

 

11.14        
NO STRICT CONSTRUCTION. The language used in this Agreement will be deemed to be the language
chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party, as the parties
mutually agree that each has had a full and fair opportunity to review this Agreement and seek the advice of counsel on it. 

 

11.15        
REMEDIES. The Investor shall have all rights and remedies set forth in this Agreement and
the Registration Rights Agreement and all rights and remedies which such holders have been granted at any time under any other agreement
or contract and all of the rights which the Investor has by law. Any person having any rights under any provision of this Agreement shall
be entitled to enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any default
or breach of any provision of this Agreement, including the recovery of reasonable attorneys fees and costs, and to exercise all other
rights granted by law. 

 

11.16        
PAYMENT SET ASIDE. To the extent that the Company makes a payment or payments to the Investor
hereunder or under the Registration Rights Agreement or the Investor enforces or exercises its rights hereunder or thereunder, and such
payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent
or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company,
a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common
law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had
not occurred. 

 

11.17        
PRICING OF COMMON STOCK. For purposes of this Agreement, the price of the Common Stock shall
be as reported by Quotestream Media. 

 

SECTION XII

NON-DISCLOSURE OF NON-PUBLIC INFORMATION

 

The Company shall not disclose
non-public information to the Investor, its advisors, or its representatives.

 

Nothing herein shall require the
Company to disclose non-public information to the Investor or its advisors or representatives, and the Company represents that it does
not disseminate non-public information to any investors who purchase stock in the Company in a public offering, to money managers or to
securities analysts, provided, however, that notwithstanding anything herein to the contrary, the Company will, as hereinabove provided,
immediately notify the advisors and representatives of the Investor and, if any, underwriters, of any event or the existence of any circumstance
(without any obligation to disclose the specific event or circumstance) of which it becomes aware, constituting non-public information
(whether or not requested of the Company specifically or generally during the course of due diligence by such persons or entities), which,
if not disclosed in the prospectus included in the Registration Statement would cause such prospectus to include a material misstatement
or to omit a material fact required to be stated therein in order to make the statements, therein, in light of the circumstances in which
they were made, not misleading. Nothing contained in this Section 12 shall be construed to mean that such persons or entities other
than the Investor (without the written consent of the Investor prior to disclosure of such information) may not obtain non-public information
in the course of conducting due diligence in accordance with the terms of this Agreement and nothing herein shall prevent any such persons
or entities from notifying the Company of their opinion that based on such due diligence by such persons or entities, that the Registration
Statement contains an untrue statement of material fact or omits a material fact required to be stated in the Registration Statement or
necessary to make the statements contained therein, in light of the circumstances in which they were made, not misleading.

 

    22 

     

    

 

SECTION XIII

ACKNOWLEDGEMENTS OF THE PARTIES

 

Notwithstanding anything in this
Agreement to the contrary, the parties hereto hereby acknowledge and agree to the following: (i) the Investor makes no representations
or covenants that it will not engage in trading in the securities of the Company, other than as provided in Section 3.12 of this Agreement;
(ii) the Company shall, by 8:30 a.m. EST on the fourth Trading Day following the date hereof, file a current report on Form 8-K disclosing
the material terms of the transactions contemplated hereby and in the other Registered Offering Transaction Documents; (iii) the Company
has not and shall not provide material non-public information to the Investor unless prior thereto the Investor shall have executed a
written agreement regarding the confidentiality and use of such information; and (iv) the Company understands and confirms that the Investor
will be relying on the acknowledgements set forth in clauses (i) through (iii) above if the Investor effects any transactions in the securities
of the Company.

 

[Signature page follows]

 

    23 

     

    

 

Your signature on this Signature
Page evidences your agreement to be bound by the terms and conditions of the Investment Agreement as of the date first written above.
The undersigned signatory hereby certifies that he has read and understands the Investment Agreement, and the representations made by
the undersigned in this Investment Agreement are true and accurate, and agrees to be bound by its terms.

 

	 	GHS
INVESTMENTS, LLC
	 	 
	 	By:	 
	 	Name:	 
	 	Title: 	Member
	 	 
	 	GBT
TECHNOLOGIES, INC.
	 	 
	 	By:	 
	 	Name: 	Mansour Khatib
	 	Title: 	CEO

[SIGNATURE PAGE OF EQUITY FINANCING AGREEMENT]

 

    24 

     

    

 

LIST OF EXHIBITS

 

	EXHIBIT A	Registration Rights Agreement
	 	 
	EXHIBIT B	Notice of Effectiveness
	 	 
	EXHIBIT C	Put Notice
	 	 
	EXHIBIT D	Put Settlement Sheet

 

    25 

     

    

 

EXHIBIT A

 

REGISTRATION RIGHTS AGREEMENT

 

See attached.

 

    26 

     

    

 

EXHIBIT B

 

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

Date: __________

 

[TRANSFER AGENT]

 

Re: GBT Technologies, Inc.

 

Ladies and Gentlemen:

 

We are counsel to GBT Technologies, Inc., a Nevada
corporation (the “Company”), and have represented the Company in connection with that certain Equity Financing Agreement (the
“Investment Agreement”) entered into by and among the Company and GHS Investments, LLC(the “Investor”) pursuant
to which the Company has agreed to issue to the Investor shares of the Company’s common stock, $_____ par value per share (the “Common
Stock”) on the terms and conditions set forth in the Investment Agreement. Pursuant to the Investment Agreement, the Company also
has entered into a Registration Rights Agreement with the Investor (the “Registration Rights Agreement”) pursuant to which
the Company agreed, among other things, to register the Registrable Securities (as defined in the Registration Rights Agreement), including
the shares of Common Stock issued or issuable under the Investment Agreement under the Securities Act of 1933, as amended (the “1933
Act”). In connection with the Company’s obligations under the Registration Rights Agreement, on ____________ ___, 20__, the
Company filed a Registration Statement on Form S-1 (File No. __-________) (the “Registration Statement”) with the Securities
and Exchange Commission (the “SEC”) relating to the Registrable Securities which names the Investor as a selling shareholder
thereunder.

 

In connection with the foregoing,
we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has entered an order declaring the Registration
Statement effective under the 1933 Act at ______ on __________, 20__ and we have no knowledge, after telephonic inquiry of a member of
the SEC’s staff, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose are pending
before, or threatened by, the SEC and the Registrable Securities are available for sale under the 1933 Act pursuant to the Registration
Statement

 

			Very truly yours,
	 	 	 
			[Company Counsel]

 

    27 

     

    

 

EXHIBIT C

 

FORM OF PUT NOTICE

 

Date:

 

RE: Put Notice Number __

 

Dear Mr./Ms.__________,

 

This is to inform you that as of today, GBT Technologies, Inc., a Nevada
corporation (the “Company”), hereby elects to exercise its right pursuant to the Equity Financing Agreement to require GHS
Investments LLC to purchase shares of its common stock. The Company hereby certifies that:

 

The amount of this put is $__________.

 

The Pricing Period runs from _______________ until
_______________.

 

The Purchase Price is: $_______________

 

The number of Put Shares due:___________________.

 

The current number of shares of common stock issued
and outstanding is: _________________.

 

The number of shares currently available for issuance
on the S-1 is: ________________________.

 

	Regards,
	 
	GBT
Technologies, Inc.
	 
	By:	 	 
	Name:
	Title:

 

    28 

     

    

 

EXHIBIT D

 

PUT SETTLEMENT SHEET

 

Date: ________________

 

Dear Mr. ________,

 

Pursuant to the Put given by GBT Technologies, Inc., to GHS Investments
LLC (“GHS”) on _________________ 202_, we are now submitting the amount of common shares for you to issue to GHS.

 

Please have a certificate bearing no restrictive legend
totaling __________ shares issued to GHS immediately and send via DWAC to the following account:

 

[INSERT]

 

If not DWAC eligible, please send FedEx Priority Overnight
to:

 

[INSERT ADDRESS]

 

Once these shares are received by us, we will have
the funds wired to the Company.

 

	Regards,
	 
	GHS INVESTMENTS LLC
	 
	By:	 	 
	Name:
	Title:

 

29Exhibit 10.2

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration
Rights AGREEMENT (the “Agreement”), dated as of December 17, 2021 (the “Execution Date”),
is entered into by and between GBT Technologies, Inc., a Nevada corporation with its principal executive office at 2450 Colorado
Avenue, Suite 100E, Santa Monica, California 90404 (the “Company”), and GHS Investments LLC, a Nevada
limited liability company, with offices at 420 Jericho Turnpike, Suite 102 Jericho, NY 11753 (the “Investor”).

 

RECITALS:

 

Whereas,
pursuant to the Equity Financing Agreement entered into by and between the Company and the Investor of even date (the “Equity
Financing Agreement”), the Company has agreed to issue and sell to the Investor an indeterminate number of shares of
the Company’s common stock, par value $0.00001 per share (the “Common Stock”), up to an aggregate purchase
price of Ten Million Dollars ($10,000,000);

 

Whereas,
as an inducement to the Investor to execute and deliver the Equity Financing Agreement, the Company has agreed to provide certain
registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor
statute (collectively, the “1933 Act”), and applicable state securities laws, with respect to the shares of
Common Stock issuable pursuant to the Equity Financing Agreement.

 

Now
therefore, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree
as follows:

 

SECTION I

DEFINITIONS

 

As used in this Agreement, the
following terms shall have the following meanings:

 

“Execution Date” shall
have the meaning set forth in the preambles.

 

“Investor” shall have
the meaning set forth in the preambles.

 

“Person” means a corporation,
a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision
thereof or a governmental agency.

 

“Register,” “Registered,”
and “Registration” refer to the Registration effected by preparing and filing one (1) or more Registration Statements
in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing for offering securities on
a continuous basis (“Rule 415”), and the declaration or ordering of effectiveness of such Registration Statement(s)
by the United States Securities and Exchange Commission (the “SEC”).

 

“Registrable Securities”
means (i) the shares of Common Stock issued or issuable pursuant to the Equity Financing Agreement, and (ii) any shares of capital stock
issued or issuable with respect to such shares of Common Stock, if any, as a result of any stock split, stock dividend, recapitalization,
exchange or similar event or otherwise, which have not been (x) included in the Registration Statement that has been declared effective
by the SEC, or (y) sold under circumstances meeting all of the applicable conditions of Rule 144 (or any similar provision then in force)
under the 1933 Act.

 

    	 

    	 

    

 

“Registration Statement”
means the registration statement of the Company filed under the 1933 Act covering the Registrable Securities.

 

“Registered Offering Transaction
Documents” shall mean this Agreement and the Equity Financing Agreement between the Company and the Investor as of the date
hereof.

 

All capitalized terms used in
this Agreement and not otherwise defined herein shall have the same meaning ascribed to them as in the Equity Financing Agreement.

 

SECTION II

REGISTRATION

 

2.1               
The Company shall use its best efforts to file with the SEC a Registration Statement or Registration
Statements (as is necessary) on Form S-1 (or, if such form is unavailable for such a registration, on such other form as is available
for such registration), covering the resale of all of the Registrable Securities, which Registration Statement(s) shall state that, in
accordance with Rule 416 promulgated under the 1933 Act, such Registration Statement also covers such indeterminate number of additional
shares of Common Stock as may become issuable upon stock splits, stock dividends or similar transactions. The Company shall initially
register for resale all of the Registrable Securities which would be issuable on the date preceding the filing of the Registration Statement
based on the closing bid price of the Company’s Common Stock on such date and the amount reasonably calculated that represents Common
Stock issuable to other parties as set forth in the Equity Financing Agreement except to the extent that the SEC requires the share amount
to be reduced as a condition of effectiveness.

 

2.2                
Intentionally left blank.

 

2.3               
The Company agrees not to include any other securities in the Registration Statement covering the
Registrable Securities without Investor’s prior written consent which Investor may withhold in its sole discretion. Furthermore,
the Company agrees that it will not file any other Registration Statement for other securities, until thirty calendar days after the Registration
Statement for the Registrable Securities is declared effective by the SEC.

 

2.4               
Notwithstanding the registration obligations set forth in Section 2.1, if the staff of the SEC (the
“Staff”) or the SEC informs the Company that all of the unregistered Registrable Securities cannot, as a result of
the application of Rule 415, be registered for resale as a secondary offering on a single Registration Statement, the Company agrees to
promptly (i) inform the Investor and use its commercially reasonable efforts to file amendments to the Registration Statement as required
by the SEC and/or (ii) withdraw the Registration Statement and file a new registration statement (the “New Registration Statement”),
in either case covering the maximum number of Registrable Securities permitted to be registered by the SEC, on Form S-1 to register for
resale the Registrable Securities as a secondary offering. If the Company amends the Registration Statement or files a New Registration
Statement, as the case may be, under clauses (i) or (ii) above, the Company will use its commercially reasonable efforts to file with
the SEC, as promptly as allowed by the Staff or SEC, one or more registration statements on Form S-1 to register for resale those Registrable
Securities that were not registered for resale on the Registration Statement, as amended, or the New Registration Statement (each, an
“Additional Registration Statement”).

 

    	 

    	 

    

 

SECTION III

RELATED OBLIGATIONS

 

At such time as the Company is
obligated to prepare and file the Registration Statement with the SEC pursuant to Section 2.1, the Company will affect the registration
of the Registrable Securities in accordance with the intended method of disposition thereof and, with respect thereto, the Company shall
have the following obligations:

 

3.1               
The Company shall use all commercially reasonable efforts to cause such Registration Statement relating
to the Registrable Securities to become effective and shall keep such Registration Statement effective until the earlier to occur of the
date on which (A) the Investor shall have sold all the Registrable Securities; or (B) the Investor has no right to acquire any additional
shares of Common Stock under the Equity Financing Agreement (the “Registration Period”). The Registration Statement
(including any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances
in which they were made, not misleading. The Company shall use all commercially reasonable efforts to respond to all SEC comments within
ten (10) business days from receipt of such comments by the Company. The Company shall use all commercially reasonable efforts to cause
the Registration Statement relating to the Registrable Securities to become effective no later than three (3) business days after notice
from the SEC that the Registration Statement may be declared effective. The Investor agrees to provide all information which is required
by law to provide to the Company, including the intended method of disposition of the Registrable Securities, and the Company’s
obligations set forth above shall be conditioned on the receipt of such information.

 

3.2               
The Company shall prepare and file with the SEC such amendments (including post-effective amendments)
and supplements to the Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus
is to be filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective
during the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of
all Registrable Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities
shall have been disposed of in accordance with the intended methods of disposition by the Investor thereof as set forth in such Registration
Statement. In the event the number of shares of Common Stock covered by the Registration Statement filed pursuant to this Agreement is
at any time insufficient to cover all of the Registrable Securities, the Company shall amend such Registration Statement, or file a new
Registration Statement (on the short form available therefor, if applicable), or both, so as to cover all of the Registrable Securities,
in each case, as soon as practicable, but in any event within thirty (30) calendar days after the necessity therefor arises (based on
the then Purchase Price of the Common Stock and other relevant factors on which the Company reasonably elects to rely), assuming the Company
has sufficient authorized shares at that time, and if it does not, within thirty (30) calendar days after such shares are authorized.
The Company shall use commercially reasonable efforts to cause such amendment and/or new Registration Statement to become effective as
soon as practicable following the filing thereof.

 

3.3               
The Company shall make available to the Investor and its legal counsel without charge (i) promptly
after the same is prepared and filed with the SEC at least one (1) copy of such Registration Statement and any amendment(s) thereto, including
financial statements and schedules, all documents incorporated therein by reference and all exhibits, the prospectus included in such
Registration Statement (including each preliminary prospectus) and, with regards to such Registration Statement(s), any correspondence
by or on behalf of the Company to the SEC or the staff of the SEC and any correspondence from the SEC or the staff of the SEC to the Company
or its representatives; (ii) upon the effectiveness of any Registration Statement, the Company shall make available copies of the prospectus,
via EDGAR, included in such Registration Statement and all amendments and supplements thereto; and (iii) such other documents, including
copies of any preliminary or final prospectus, as the Investor may reasonably request from time to time to facilitate the disposition
of the Registrable Securities. 

 

    	 

    	 

    

 

3.4               
The Company shall use commercially reasonable efforts to (i) register and qualify the Registrable
Securities covered by the Registration Statement under such other securities or “blue sky” laws of such states in the United
States as the Investor reasonably requests; (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments)
and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration
Period; (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during
the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale
in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to
(x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4, or (y) subject
itself to general taxation in any such jurisdiction. The Company shall promptly notify the Investor of the receipt by the Company of any
notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the
securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or
threatening of any proceeding for such purpose.

 

3.5               
As promptly as practicable after becoming aware of such event, the Company shall notify Investor
in writing of the happening of any event as a result of which the prospectus included in the Registration Statement, as then in effect,
includes an untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading (“Registration Default”)
and use all diligent efforts to promptly prepare a supplement or amendment to such Registration Statement and take any other necessary
steps to cure the Registration Default (which, if such Registration Statement is on Form S-3, may consist of a document to be filed by
the Company with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below) and to be incorporated by reference
in the prospectus) to correct such untrue statement or omission, and make available copies of such supplement or amendment to the Investor.
The Company shall also promptly notify the Investor (i) when a prospectus or any prospectus supplement or post-effective amendment has
been filed, and when the Registration Statement or any post-effective amendment has become effective (the Company will prepare notification
of such effectiveness which shall be delivered to the Investor on the same day of such effectiveness and by overnight mail), additionally,
the Company will promptly provide to the Investor, a copy of the effectiveness order prepared by the SEC once it is received by the Company;
(ii) of any request by the SEC for amendments or supplements to the Registration Statement or related prospectus or related information,
(iii) of the Company’s reasonable determination that a post-effective amendment to the Registration Statement would be appropriate,
(iv) in the event the Registration Statement is no longer effective, or (v) if the Registration Statement is stale as a result of the
Company’s failure to timely file its financials or otherwise

 

3.6               
The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order
or other suspension of effectiveness of the Registration Statement, or the suspension of the qualification of any of the Registrable Securities
for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the
earliest possible moment and to notify the Investor holding Registrable Securities being sold of the issuance of such order and the resolution
thereof or its receipt of actual notice of the initiation or threat of any proceeding concerning the effectiveness of the registration
statement.

 

    	 

    	 

    

 

3.7               
The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review
and comment upon the Registration Statement and all amendments and supplements thereto at least one (1) calendar day prior to their filing
with the SEC. However, any postponement of a filing of a Registration Statement or any postponement of a request for acceleration or any
postponement of the effective date or effectiveness of a Registration Statement by written request of the Investor (collectively, the
“Investor’s Delay”) shall not act to trigger any penalty of any kind, or any cash amount due or any in-kind amount
due the Investor from the Company under any and all agreements of any nature or kind between the Company and the Investor. The event(s)
of an Investor’s Delay shall act to suspend all obligations of any kind or nature of the Company under any and all agreements of
any nature or kind between the Company and the Investor.

 

3.8               
At the request of the Investor, the Company’s counsel shall furnish to the Investor, within
two (2) business days, an opinion letter confirming the effectiveness of the registration statement. Such opinion letter shall be issued
as of the date of the effectiveness of the registration statement, in a form suitable to the Investor. 

 

3.9               
The Company shall hold in confidence and not make any disclosure of information concerning the Investor
unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information
is necessary to avoid or correct a misstatement or omission in any Registration Statement, or (iii) the release of such information is
ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction. The Company
agrees that it shall, upon learning that disclosure of such information concerning the Investor is sought in or by a court or governmental
body of competent jurisdiction or through other means, give prompt written notice to the Investor and allow the Investor, at the Investor’s
expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order covering such information.

 

3.10           
The Company shall use all commercially reasonable efforts to maintain designation and quotation of
all the Registrable Securities covered by any Registration Statement on the Principal Market. If, despite the Company’s commercially
reasonable efforts, the Company is unsuccessful in satisfying the preceding sentence, it shall use commercially reasonable efforts to
cause all the Registrable Securities covered by any Registration Statement to be listed on each other national securities exchange and
automated quotation system, if any, on which securities of the same class or series issued by the Company are then listed, if any, if
the listing of such Registrable Securities is then permitted under the rules of such exchange or system. The Company shall pay all fees
and expenses in connection with satisfying its obligation under this Section 3.10.

 

3.11           
The Company shall cooperate with the Investor to facilitate the prompt preparation and delivery of
the Registrable Securities to be offered pursuant to the Registration Statement and enable such Registrable Securities to be in such denominations
or amounts, as the case may be, as the Investor may reasonably request.

 

3.12           
The Company shall provide a transfer agent for all the Registrable Securities not later than the
effective date of the first Registration Statement filed pursuant hereto.

 

3.13           
If requested by the Investor, the Company shall (i) as soon as reasonably practical incorporate in
a prospectus supplement or post-effective amendment such information as the Investor reasonably determines should be included therein
relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the offering
of the Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective
amendment as soon as reasonably possible after being notified of the matters to be incorporated in such prospectus supplement or post-effective
amendment; and (iii) supplement or make amendments to any Registration Statement if reasonably requested by the Investor.

 

    	 

    	 

    

 

3.14           
The Company shall use all commercially reasonable efforts to cause the Registrable Securities covered
by the applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be
necessary to facilitate the disposition of such Registrable Securities.

 

3.15           
The Company shall otherwise use all commercially reasonable efforts to comply with all applicable
rules and regulations of the SEC in connection with any registration hereunder. 

 

3.16           
Within three (3) business day after the Registration Statement is declared effective by the SEC,
the Company shall deliver to the transfer agent for such Registrable Securities, with copies to the Investor, confirmation that such Registration
Statement has been declared effective by the SEC.

 

3.17           
The Company shall take all other reasonable actions necessary to expedite and facilitate disposition
by the Investor of Registrable Securities pursuant to the Registration Statement.

 

SECTION IV

OBLIGATIONS OF THE INVESTOR

 

4.1               
At least five (5) calendar days prior to the first anticipated filing date of the Registration Statement,
the Company shall notify the Investor in writing of the information the Company requires from the Investor for the Registration Statement.
It shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect
to the Registrable Securities and the Investor agrees to furnish to the Company that information regarding itself, the Registrable Securities
and the intended method of disposition of the Registrable Securities as shall reasonably be required to effect the registration of such
Registrable Securities and the Investor shall execute such documents in connection with such registration as the Company may reasonably
request. The Investor covenants and agrees that, in connection with any sale of Registrable Securities by it pursuant to the Registration
Statement, it shall comply with the “Plan of Distribution” section of the then current prospectus relating to such Registration
Statement.

 

4.2               
The Investor, by its acceptance of the Registrable Securities, agrees to cooperate with the Company
as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless the
Investor has notified the Company in writing of an election to exclude all of the Investor’s Registrable Securities from such Registration
Statement.

 

4.3               
The Investor agrees that, upon receipt of written notice from the Company of the happening of any
event of the kind described in Section 3.6 or the first sentence of 3.5, the Investor will immediately discontinue disposition of Registrable
Securities pursuant to any Registration Statement(s) covering such Registrable Securities until the Investor’s receipt of the copies
of the supplemented or amended prospectus contemplated by Section 3.6 or the first sentence of 3.5.

 

SECTION V

EXPENSES OF REGISTRATION

 

All legal expenses, other than
underwriting discounts and commissions and other than as set forth in the Equity Financing Agreement, incurred in connection with registrations
including comments, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and
qualifications fees, and printing fees shall be paid by the Company.

 

    	 

    	 

    

 

SECTION VI

INDEMNIFICATION

 

In the event any Registrable Securities
are included in the Registration Statement under this Agreement:

 

6.1               
To the fullest extent permitted by law, the Company, under this Agreement, will, and hereby does,
indemnify, hold harmless and defend the Investor who holds Registrable Securities, the directors, officers, partners, employees, counsel,
agents, representatives of, and each Person, if any, who controls, any Investor within the meaning of the 1933 Act or the Securities Exchange
Act of 1934, as amended (the “1934 Act”) (each, an “Indemnified Person”), against any losses, claims,
damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint
or several (collectively, “Claims”), incurred in investigating, preparing or defending any action, claim, suit, inquiry,
proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory
agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified
Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened,
in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in the Registration
Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the
securities or other “blue sky” laws of any jurisdiction in which the Investor has requested in writing that the Company register
or qualify the Shares (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to
be stated therein or necessary to make the statements therein, in light of the circumstances under which the statements therein were made,
not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in the final prospectus (as amended
or supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to
state therein any material fact necessary to make the statements made therein, in light of the circumstances under which the statements
therein were made, not misleading, or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other
law, including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the
Registrable Securities pursuant to the Registration Statement (the matters in the foregoing clauses (i) through (iii) being, collectively,
“Violations”). Subject to the restrictions set forth in Section 6.3 the Company shall reimburse the Investor and each
such controlling person, promptly as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable
expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6.1: (i) shall not apply to a Claim arising out of or based upon a Violation
which is due to the inclusion in the Registration Statement of the information furnished to the Company by any Indemnified Person expressly
for use in connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; (ii) shall
not be available to the extent such Claim is based on (a) a failure of the Investor to deliver or to cause to be delivered the prospectus
made available by the Company or (b) the Indemnified Person’s use of an incorrect prospectus despite being promptly advised in advance
by the Company in writing not to use such incorrect prospectus; (iii) any claims based on the manner of sale of the Registrable Securities
by the Investor or of the Investor’s failure to register as a dealer under applicable securities laws; (iv) any omission of the
Investor to notify the Company of any material fact that should be stated in the Registration Statement or prospectus relating to the
Investor or the manner of sale; and (v) any amounts paid in settlement of any Claim if such settlement is effected without the prior written
consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless
of any investigation made by or on behalf of the Indemnified Person and shall survive the resale of the Registrable Securities by the
Investor pursuant to the Registration Statement.

 

    	 

    	 

    

 

6.2               
In connection with any Registration Statement in which Investor is participating, the Investor agrees
to severally and jointly indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6.1,
the Company, each of its directors, each of its officers who signs the Registration Statement, each Person, if any, who controls the Company
within the meaning of the 1933 Act or the 1934 Act and the Company’s agents (collectively and together with an Indemnified Person,
an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the
1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each
case to the extent, and only to the extent, that such Violation is due to the inclusion in the Registration Statement of the written information
furnished to the Company by the Investor expressly for use in connection with such Registration Statement; and, subject to Section 6.3,
the Investor will reimburse any legal or other expenses reasonably incurred by them in connection with investigating or defending any
such Claim; provided, however, that the indemnity agreement contained in this Section 6.2 and the agreement with respect to contribution
contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written
consent of the Investor, which consent shall not be unreasonably withheld; provided, further, however, that the Investor shall only be
liable under this Section 6.2 for that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to such Investor as
a result of the sale of Registrable Securities pursuant to such Registration Statement. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the resale of the Registrable
Securities by the Investor pursuant to the Registration Statement. Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 6.2 with respect to any preliminary prospectus shall not inure to the benefit of any Indemnified Party
if the untrue statement or omission of material fact contained in the preliminary prospectus were corrected on a timely basis in the prospectus,
as then amended or supplemented. This indemnification provision shall apply separately to each Investor and liability hereunder shall
not be joint and several.

 

6.3               
Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice
of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified
Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver
to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate
in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control
of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party,
as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel
with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the Indemnified
Person or Indemnified Party, the representation by counsel of the Indemnified Person or Indemnified Party and the indemnifying party would
be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party
represented by such counsel in such proceeding. The indemnifying party shall pay for only one (1) separate legal counsel for the Indemnified
Persons or the Indemnified Parties, as applicable, and such counsel shall be selected by the Investor, if the Investor is entitled to
indemnification hereunder, or the Company, if the Company is entitled to indemnification hereunder, as applicable. The Indemnified Party
or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action
or Claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified
Party or Indemnified Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified
Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying
party shall be liable for any settlement of any action, claim or proceeding affected without its written consent, provided, however, that
the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the consent
of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person
of a release from all liability in respect to such Claim. Following indemnification as provided for hereunder, the indemnifying party
shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations
relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within
a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified
Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend
such action.

 

    	 

    	 

    

 

6.4               
The indemnity agreements contained herein shall be in addition to (I) any cause of action or similar
right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying
party may be subject to pursuant to the law.

 

SECTION VII

CONTRIBUTION

 

7.1               
To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying
party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the
fullest extent permitted by law; provided, however, that: (i) no contribution shall be made under circumstances where the maker would
not have been liable for indemnification under the fault standards set forth in Section 6; (ii) no seller of Registrable Securities guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any seller
of Registrable Securities who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities
shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

 

SECTION VIII

REPORTS UNDER THE 1934 ACT

 

8.1               
With a view to making available to the Investor the benefits of Rule 144 promulgated under the 1933
Act or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the
public without registration (“Rule 144”), provided that the Investor holds any Registrable Securities are eligible
for resale under Rule 144, the Company agrees to:

 

		a.	make and keep adequate current public information available, as those terms
are understood and defined in Rule 144;

 

		b.	file with the SEC in a timely manner all reports and other documents required
of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements (it being understood that
nothing herein shall limit the Company’s obligations under Section 5(c) of the Equity Financing Agreement) and the filing of such
reports and other documents is required for the applicable provisions of Rule 144; and

 

    	 

    	 

    

 

		c.	furnish to the Investor, promptly upon request, (I) a written statement
by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most
recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information
as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration.

 

SECTION X

MISCELLANEOUS

 

9.1               
NOTICES. Any notices or other communications required or permitted to be given under the terms
of this Agreement that must be in writing will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon
receipt, when sent by email; or (iii) one (1) day after deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same. The addresses for such communications shall be:

 

Each party shall provide five (5)
business days prior notice to the other party of any change in address, phone number or facsimile number.

 

	 	If to the Company:	2450 Colorado Avenue, Suite 100E,
	 	 	Santa Monica, California 90404
	 	 	Attn: Mansour Khatib, CEO
	 	 	 
	 	 	Fleming PLLC
	 	 	30 Wall Street, 8th Floor
	 	With Copy to:	New York, New York 10005
	 	(which copy shall	Attn: Stephen Fleming, Esq.
	 	not constitute notice	 
	 	 	 
	 	If to the Investor:	GHS Investments, LLC
	 	 	420 Jericho Turnpike, Suite 102
	 	 	Jericho, NY 11753

 

9.2               
NO WAIVERS. Failure of any party to exercise any right or remedy under this Agreement or otherwise,
or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

 

9.3               
NO ASSIGNMENTS. The rights and obligations under this Agreement shall not be assignable.

 

    	 

    	 

    

 

9.4               
ENTIRE AGREEMENT/AMENDMENT. This Agreement and the Registered Offering Transaction Documents
constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement and the Registered
Offering Transaction Documents supersede all prior agreements and understandings among the parties hereto with respect to the subject
matter hereof and thereof. The provisions of this Agreement may be amended only with the written consent of the Company and Investor.

 

9.5               
HEADINGS. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. Whenever required by the context of this Agreement, the singular shall include the plural
and masculine shall include the feminine. This Agreement shall not be construed as if it had been prepared by one of the parties, but
rather as if all the parties had prepared the same.

 

9.6               
COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the different
signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall
constitute but one and the same instrument. This Agreement may be executed by facsimile transmission, PDF, electronic signature or other
similar electronic means with the same force and effect as if such signature page were an original thereof.

 

9.7               
FURTHER ASSURANCES. Each party shall do and perform, or cause to be done and performed, all
such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the
other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation
of the transactions contemplated hereby.

 

9.8               
SEVERABILITY. In case any provision of this Agreement is held by a court of competent jurisdiction
to be excessive in scope or otherwise invalid or unenforceable, such provision shall be adjusted rather than voided, if possible, so that
it is enforceable to the maximum extent possible, and the validity and enforceability of the remaining provisions of this Agreement will
not in any way be affected or impaired thereby.

 

9.9               
Law Governing this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought
only in the state or federal courts located in Las Vegas, Nevada. The parties to this Agreement 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 parties executing this Agreement and other agreements referred to herein or delivered in
connection herewith on behalf of the Company agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive
trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs.
In the event that any provision of this Agreement 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 Agreement or
any other Registered Offering Transaction Documents 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 Agreement 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.

 

9.10           
NO THIRD PARTY BENEFICIARIES. This Agreement is intended for the benefit of the parties hereto
and is not for the benefit of, nor may any provision hereof be enforced by, any other person, except that the Company acknowledges that
the rights of the Investor may be enforced by its general partner. 

 

[Signature page follows]

 

    	 

    	 

    

 

Your signature on this Signature Page evidences your agreement to be bound
by the terms and conditions of the Registration Rights Agreement as of the date first written above. The undersigned signatory hereby
certifies that he has read and understands the Registration Rights Agreement, and the representations made by the undersigned in this
Registration Rights Agreement are true and accurate, and agrees to be bound by its terms.

 

	 	GHS
INVESTMENTS, LLC
	 	 
	 	By:	 
	 	Name:	 
	 	Title: 	Member
	 	 
	 	GBT
TECHNOLOGIES, INC.
	 	 
	 	By:	 
	 	Name: 	Mansour Khatib
	 	Title: 	CEO

 

[SIGNATURE PAGE OF REGISTRATION RIGHTS AGREEMENT]

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