Document:

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS NOTE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
(I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTIO WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE
SECURITIES.

 

Principal Amount: $50,000

Date: September 24, 2014 (Tacking Back to
May 31, 2013)

 

CONVERTIBLE PROMISSORY NOTE

 

AJA Cannafacturing, Inc., F/K/A IDS Industries,
Inc., (hereinafter called the "Issuer" or "AJAC"), hereby promises to pay to the order of WHC Capital,
LLC, a Delaware Limited Liability Company, or its registered assigns (the "Holder") the sum of $5(),000, together
with any interest as set forth herein, on September 24, 2015 (the "Maturity Date"), and to pay interest on the unpaid
principal balance hereof at the rate of Twelve percent (12%) (the "Interest Rate") per annum from the date hereof (the
'"Issue Date") until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise.
This Note shall serve in lieu of (and tack back to) $50.000 o( debt owing to Bruce Knoblich. pursuant to that certain Promissory
Note dated Mav 31. 2013 (attached hereto). exchanged (with no additional consideration paid to the Company) for that certain $304,972.72
Convertible Promissory Note dated .July 22.2014 and incorporate all interests and charges contemplated therein.

 

This Note may not be prepaid in whole or in
part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due
shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid ("Default
Interest''). Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of a 365-day
year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock) shall be
made in lawful money of the United States of America.

 

All payments shall be made at such address
as the Holder shall hereafter give to the Issuer by written notice made in accordance with the provisions of this Note. Whenever
any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the same shall instead
be due on the next succeeding day which is a business day and, in the case of any interest payment date which is not the date on
which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining
the amount of interest due on such date. As used in this Note, the term "business day" shall mean any day other than
a Saturday, Sunday or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive
order to remain closed. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in
the supporting documents of same date (attached hereto).

    	 

    	 

    

 

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

 

The following terms shall
apply to this Note:

 

ARTICLE I. CONVERSION RIGHTS

 

1.1Conversion Right.
The Holder shall have the right and at any time during the period beginning on the date of this Note to convert all or any part
of the outstanding and unpaid principal amount of this Note into fully paid and non- assessable shares of Common Stock, as such
Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Issuer into which such Common
Stock shall hereafter be changed or reclassified at the conversion price (the "Conversion Price") determined as provided
herein (a "Conversion"); provided, however, that in no event shall the Holder be entitled to convert any portion of this
Note in excess of that portion of this Note upon conversion of which the sum of (l) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership
of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Issuer subject to
a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock
issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made,
would result in beneficial ownership by the Holder and its affiliates of more than 4.99°/o of the outstanding shares of Common
Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulations l 3D-G thereunder,
except as otherwise provided in clause (I) of such proviso, provided, further, however, that the limitations on conversion may
be waived by the Holder upon, at the election of the Holder, not less than 61 days' prior notice to the Issuer, and the provisions
of the conversion limitation shall continue to apply until such 6Ist day (or such later date, as determined by the Holder, as may
be specified in such notice of waiver). The number of shares of Common Stock to be issued upon each conversion of this Note shall
be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date
specified in the notice of conversion, (the "Notice of Conversion"), delivered to the Issuer by the Holder in accordance
with the Sections below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting
in, or reasonably expected to result in, notice) to the Issuer before 6:00 p.m., New York; New York time on such conversion date
(the "Conversion Date").

 

The term "Conversion Amount" means,
with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion
plus (2) at the Issuer's option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in
this Note to the Conversion Date, plus (3) at the Issuer's option, Default 1nterest, if any, on the amounts referred to in the
immediately preceding clauses (1) and/or (2) plus (4) at the Holder's option, any amounts owed to the Holder.

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1.2Conversion Price.

 

(a)                
Calculation of Conversion Price. Holder, at its discretion, shall have the right to
convert this Note in its entirety or in part(s) into common stock of the Company valued at a Forty Nine percent (49%) discount
off of the average of the Three (3) lowest intraday trading prices for the Company's common stock during the Ten (10) trading days
immediately preceding a conversion date.

 

If on the Clearing Date (as defined herein),
the Common Stock of the Company has depreciated by Seven and a half percent (7.5%) or more from the date of conversion, a corresponding
adjustment to the Conversion Amount stated in that specific Notice of Conversion shall be made, so as to adjust for such dilution.
The "Clearing Date" shall be defined as the date on which the Holder's broker shall provide confirmation to the Holder
that the shares of common stock issued pursuant to a Notice of Conversion are eligible for trading.

 

(b)                
Conversion Price During Major Announcements. Notwithstanding anything contained in
the preceding section to the contrary, in the event the Issuer (i) makes a public announcement that it intends to consolidate or
merge with any other corporation (other than a merger in which the Issuer is the surviving or continuing corporation and its capital
stock is unchanged) or sell or transfer all or substantially all of the assets of the Issuer or (ii) any person, group or entity
(including the Issuer) publicly announces a tender offer to purchase 50% or more of the Issuer's Common Stock (or any other takeover
scheme) (the date of the announcement referred to in clause (i) or (ii) is hereinafter referred to as the "Announcement Date").
then the Conversion Price shall, effective upon the Announcement Date and continuing through the Adjusted Conversion Price Termination
Date (as defined below), be equal to the lower of (x) the Conversion Price which would have been applicable for a Conversion occurring
on the Announcement Date and (y) the Conversion Price that would otherwise be in effect. From and after the Adjusted Conversion
Price Termination Date, the Conversion Price shall be determined, as set forth in this Section. For purposes hereof, "Adjusted
Conversion Price Termination Date" shall mean, with respect to any proposed. transaction or tender offer (or takeover scheme)
for which a public announcement as contemplated by this Section has been made, the date upon which the Issuer (in the case of clause
(i) above) or the person, group or entity (.in the case of clause (ii) above) consummates or publicly announces the termination
or abandonment of the proposed transaction or tender offer (or takeover scheme) which caused this Section 1.2(b) to become operative.

 

1.3Authorized Shares.
The Issuer covenants that during the period the conversion right exists, the Issuer will reserve from its authorized and unissued
Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full
conversion of this Note. The Issuer is required at all times to have authorized. and reserved five times the number of shares that
is actually issuable upon full conversion of the Note (based on the Conversion Price of the Notes in effect from time to time)(the
"Reserved Amount"). The Reserved Amount shall be increased from time to time in accordance with the Issuer's obligations.

 

The Issuer represents
that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Issuer shall
issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into which
the Notes shall be convertible at the then current Conversion Price, the Issuer shall at the same time make proper provision so
that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights,
for conversion of the outstanding Notes.

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The Issuer (i) acknowledges
that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion
of this Note, and (ii) agrees th.at its issuance of this Note shall constitute full authority to its officers and agents who are
charged with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock
in accordance with the terms and conditions of this Note.

 

If, at any time the Issuer
does not maintain the Reserved Amount it will be considered an Event of Default as defined in this Note.

 

1.4Method of Conversion.

 

(a)                
Mechanics of Conversion. This Note may be converted by the Holder in whole or in part
at any time from time to time after the 1ssue Date, by (A) submitting to the Issue a Notice of Conversion (by facsimile, e-mail
or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time).

 

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

 

(c)                
Payment of Taxes. The Issuer shall not be required to pay any tax which may be payable
in respect of any transfer involved in the issue and delivery of shares of Common Stock or other securities or property on conversion
of this Note in a name other than that of the Holder (or in street name), and the Issuer shall not be required to issue or deliver
any such shares or other securities or property unless and until the person or persons (other than the Holder or the custodian
in whose street name such shares are to be held for the Holder's account) requesting the issuance thereof shall have paid to the
Issuer the amount of any such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

 

(d)                
Delivery of Common Stock Upon Conversion. Upon receipt by the Issuer from the Holder
of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements
for conversion as provided in this Section, the Issuer shall issue and deliver or cause to be issued and delivered to or upon the
order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt
(the "Deadline") (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this
Note) in accordance with the terms hereof and the Purchase Agreement.

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(e)                
Obligation of Issuer to Deliver Common Stock. Upon receipt by the Issuer of a Notice
of Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding
principal amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless
the Issuer defaults on its obligations under this Article I, all rights with respect to the portion of this Note being so converted
shall forthwith terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided,
on such conversion. If the Holder shall have given a Notice of Conversion as provided herein, the Issuer's obligation to issue
and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by
the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against
any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Issuer to
the bolder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the
Holder of any obligation to the Issuer, and irrespective of any other circumstance which might otherwise limit such obligation
of the Issuer to the Holder in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall
be the Conversion Date so long as the Notice of Conversion is received by the Issuer before 6:00 p.m., New York, New York time,
on such date.

 

(f)                 
Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates
representing the Common Stock issuable upon conversion, provided the Issuer is participating in the Depository Trust Company ("DTC")
Fast Automated Securities Transfer ("FAST'') program, upon request of the Holder and its compliance with the provisions contained
in Section 1.1 and in this Section 1.4, the Issuer shall use its best efforts to cause its transfer agent to electronically transmit
the Common Stock issuable upon conversion to the Holder by crediting the account of Holder's Broker with DTC through its Deposit
Withdrawal Agent Commission ("DWAC") system.

 

(g)                
Failure to Deliver Common Stock Prior to Deadline. Without in any way limiting the
Holder's right to pursue other remedies, including actual damages and/or equitable relief, the parties agree that if delivery of
the Common Stock issuable upon conversion of this Note is not delivered by the Deadline the Issuer shall pay to the Holder $2,000
per day in cash, for each day beyond the Deadline that the Issuer fails to deliver such Common Stock. Such cash amount shall be
paid to Holder by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written
notice to the Issuer by the first day of the month following the month in which it has accrued), shall be added to the principal
amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional
principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Issuer agrees that the right
to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, interference with such
conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge that the liquidated damages provision
contained in this Section are justified. Any delay or failure of performance by the Issuer hereunder shall be excused if and to
the extent caused by Force Majeure. For purposes of this agreement, Force Majeure shall mean a cause or event that is not reasonably
foreseeable and/or caused by the Issuer, including acts of God, fires, floods, explosions, riots wars, hurricanes, etc.

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1.5 Concerning the Shares.
The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such shares are sold
pursuant to an effective registration statement under the Act or (ii) the Issuer or its transfer agent shall have been furnished
with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable
transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from
such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or a successor rule) ("Rule
144") or (iv) such shares are transferred to an "affiliate" (as defined in Rule 144) of the Issuer who agrees to
sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor. Except as otherwise
provided herein (and subject to the removal provisions set forth below), until such time as the shares of Common Stock issuable
upon conversion of this Note have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction
as to the number of securities as of a particular date that can then be immediately sold, each certificate for shares of Common
Stock issuable upon conversion of this Note that has not been so included in an effective registration statement or that has not
been sold pursuant to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend
substantially in the following form, as appropriate;

 

"NEITHER THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE BAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (l) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WJD.CH COUNSEL SHALL BE SELECTED BY IBE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNF.CTION WITH A .BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES."

 

The legend set forth above
shall be removed and the Issuer shall issue to the Holder a new certificate therefore free of any transfer legend if (i) the Issuer
or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions of counsel
incomparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without registration under
the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected or (ii) in the case of the Common
Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
statement filed under the Act or otherwise may be sold pursuant to Rule 144without any restriction as to the number of securities
as of a particular date that can then be immediately sold. In the event that the Company does not accept the opinion of counsel
provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule J44 or
Regulation S, at the Deadline, it will be considered an Event of Default pursuant to this note.

 

1.6Effect of Certain
Events.

 

(a)                
Effect of Merger, Consolidation. Etc. At the option of the Holder, the sale, conveyance
or disposition of all or substantially all of the assets of the Issuer, the effectuation by the Issuer of a transaction or series
of related transactions in which more than 50% of the voting power of the Issuer is disposed of, or the consolidation, merger or
other business combination of the Issuer with or into any other Person (as defined below) or Persons when the Issuer is not the
survivor shall either: (i) be deemed to be an Event of Default (as defined in Article III) pursuant to which the Issuer shall be
required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount
(as defined in Article III) or (ii) be treated pursuant to Section 1.6{b) hereof. "Person" shall mean any individual,
corporation, limited liability company, partnership, association, trust or other entity or organization.

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(b)                
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued
and outstanding and prior to conversion of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization,
reorganization, or other similar event, as a result of which shares of Common Stock of the Issuer shall be changed into the same
or a different number of shares of another class or classes of stock or securities of the Issuer or another entity, or in case
of any sale or conveyance of all or substantially all of the assets of the Issuer other than. in connection with a plan of complete
liquidation of the Issuer, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note,
upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore
issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction
had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set
forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder
of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion
Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable
in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Issuer shall not affect any transaction
described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but
in any event at least fifteen (15) days prior written notice) of the record date of the special meeting of shareholders to approve,
or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization
or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting
successor or acquiring entity (if not the Issuer) assumes by written instrument the obligations of this Section l.6(b). The above
provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

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

 

(d)                
Adjustment Due to Dilutive Issuance. If, at any time when any Notes are issued and
outstanding, the Issuer issues or sells, or in accordance with this Section hereof is deemed to have issued or sold, any shares
of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or
underwriting discounts or allowances in connection therewith) less than the Conversion Price in effect on the date of such issuance
(or deemed issuance) of such shares of Common Stock (a "Dilutive Issuance"), then immediately upon the Dilutive Issuance,
the Conversion Price will be reduced to the amount of the consideration per share received by the Issuer in such Dilutive Issuance.

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The Issuer shall
be deemed to have issued or sold shares of Common Stock if the Issuer in any manner issues or grants any warrants, rights
or options (not including employee stock option plans), whether or not immediately exercisable, to subscribe for or to
purchase Common Stock or other securities convertible into or exchangeable for Common Stock (' convertible Securities")
(such warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred to
as "Options") and the price per share for which Common Stock is issuable upon the exercise of such Options is  less
than the Conversion Price then in effect, then the Conversion Price shall be equal to such price per share. For purposes
of the preceding sentence, the "price per share for which Common Stock is issuable upon the exercise of such
Options" is determined by dividing (i) the total amount, if any, received or receivable by the Issuer as consideration
for the issuance or granting of all such Options, plus the minimum aggregate amount of additional consideration, if any,
payable to the Issuer upon the exercise of all such Options, plus, in the case of Convertible Securities issuable upon the
exercise of such Options, the minimum aggregate amount of additional consideration payable upon the conversion or exchange
thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of
shares of Common Stock issuable upon the exercise of all such Options (assuming full conversion of Convertible Securities,
if applicable). No further adjustment to the Conversion Price will be made upon the actual issuance of such Common Stock
upon the exercise of such Options or upon the conversion or exchange of Convertible Securities issuable upon exercise of
such Options.

 

Additionally, the Issuer
shall be deemed to have issued or sold shares of Common Stock if the Issuer in any manner issues or sells any Convertible Securities,
whether or not immediately convertible (other than where the same are issuable upon the exercise of Options), and the price per
share for which Common Stock is issuable upon such conversion or exchange is less than the Conversion Price then in effect, then
the Conversion Price shall be equal to such price per share. For the purposes of the preceding sentence, the "price per share
for which Common Stock is issuable upon such conversion or exchange" is determined by dividing (i) the total amount, if any.
received or receivable by the Issuer as consideration for the issuance or sale of all such Convertible Securities, plus the minimum
aggregate amount of additional consideration, if any, payable to the Issuer upon the conversion or exchange thereof at the time
such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of Common Stock
issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Conversion Price will
be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

 

(e)                
Purchase Rights. If, at any time when any Notes are issued and outstanding, the Issuer
issues any convertible securities or rights to purchase stock, warrants, securities or other property (the "Purchase Rights")
pro rata to the record holders of any class of Common Stock, then the Holder of this Note will be entitled to acquire, upon the
terms applicable to such Purchase Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had
held the number of shares of Common Stock acquirable upon complete conversion of this Note (without regard to any limitations on
conversion contained herein) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase
Rights or, if no such record is taken, the date as of which the record holders of Common Stock are to be determined for the grant,
issue or sale of such Purchase Rights.

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(f)                 
Notice of Adjustments. Upon the occurrence of each adjustment or readjustment of the
Conversion Price as a result of the events described in this Section 1.6, the Issuer, at its expense, shall promptly compute such
adjustment or readjustment and prepare and furnish to the Holder of a certificate setting forth such adjustment or readjustment
and showing in detail the facts upon which such adjustment or readjustment is based. The Issuer shall, upon the written request
at any time of the Holder, furnish to such Holder a like certificate setting forth (i) such adjustment or readjustment, (ii) the
Conversion Price at the time in effect and (Hi) the number of shares of Common Stock and the amount, if any, of other securities
or property which at the time would be received upon conversion of the Note.

 

1.7Trading Market
Limitations. Unless permitted by the applicable rules and regulations of the principal securities market on which the Common
Stock is then listed or traded, in no event shall the Issuer issue upon conversion of or otherwise pursuant to this Note and the
other Notes issued pursuant to the Purchase Agreement more than the maximum number of shares of Common Stock that the Issuer can
issue pursuant to any rule of the principal United States securities market on which the Common Stock is then traded (the "Maximum
Share Amount"), which shall be 4.99% of the total shares outstanding on the Closing Date (as defined in the Purchase Agreement),
subject to equitable adjustment from time to time for stock splits, stock dividends, combinations, capital reorganizations and
similar events relating to the Common Stock occurring after the date hereof. Once the Maximum Share Amount has been issued, if
the Issuer fails to eliminate any prohibitions under applicable law or the rules or regulations of any stock exchange, interdealer
quotation system or other self-regulatory organization with jurisdiction over the Issuer or any of its securities on the Issuer's
ability to issue shares of Common Stock in excess of the Maximum Share Amount, in lieu of any further right to convert this Note,
this will be considered an Event of Default under Section 3.3 of the Note.

 

1.8Status as Shareholder.
Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby (other than the shares, if any, which cannot
be issued because their issuance would exceed such Holder's allocated portion of the Reserved Amount or Maximum Share Amount) shall
be deemed converted into shares of Common Stock and (ii) the Holder's rights as a Holder of such converted portion of this Note
shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies
provided herein or otherwise available at law or in equity to such Holder because of a failure by the Issuer to comply with the
terms of this Note. Notwithstanding the foregoing, if a. Holder has not received certificates for all shares of Common Stock prior
to the tenth (10th) business day after the expiration of the Deadline with respect to a conversion of any portion of this Note
for any reason, then (unless the Holder otherwise elects to retain its status as a holder of Common Stock by so notifying the Issuer)
the Holder shall regain the rights of a Holder of this Note with respect to such unconverted portions of this Note and the Issuer
shall, as soon as practicable, return such unconverted Note to the Holder or, if the Note has not been surrendered, adjust its
records to reflect that such portion of this Note has not been converted. In all cases, the Holder shall retain all of its rights
and remedies (including, without limitation, (i) the right to receive Conversion Default Payments pursuant to Section 1.3 to the
extent required thereby for such Conversion Default and any subsequent Conversion Default and (ii) the right to have the Conversion
Price with respect to subsequent conversions determined in accordance with Section 1.3) for the Issuer's failure to convert this
Note.

    	9

    	 

    

 

1.9Prepayment. Maker
may prepay this Note, in accordance with the following schedule: If within 180 calendar days of the execution of this Note. $135%
of a]I outstanding principal and interest due on each outstanding Note in one payment; After 180 calendar days of this Note being
executed, any prepayments must be approved by both parties in writing.

 

ARTICLE II. CERTAIN COVENANTS

 

2.1Distributions on
Capital Stock. So long as the Issuer shall have any obligation under this Note, the Issuer shall not without the Holder's written
consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other
securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of
Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution in respect of its capital
stock except for distributions pursuant to any shareholders' rights plan which is approved by a majority of the Issuer's disinterested
directors.

2.2Restriction on
Stock Repurchases. So long as the Issuer shall have any obligation under this Note, the Issuer shall not without the Holder's
written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other securities or otherwise)
in any one transaction or series of related transactions any shares of capital stock of the Issuer or any warrants, rights or options
to purchase or acquire any such shares.

 

2.3Borrowings.
So long as the Issuer shall have any obligation wider this Note, the Issuer shall not, without the Holder's written consent, create,
incur, assume guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any person,
firm, partnership, joint venture or corporation, except by the endorsement of negotiable instruments for deposit or collection,
or suffer to exist any liability for borrowed money, except (a) borrowings in existence or committed on the date hereof and of
which the Issuer has informed Holder in writing prior to the date hereof, (b) indebtedness to trade creditors or financial institutions
incurred in the ordinary course of business or (c) borrowings, the proceeds of which shall be used to repay this Note.

 

2.4Sale of Assets.
So long as the Issuer shall have any obligation under this Note, the Issuer shall not, without the Holder's written consent, sell,
lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the
disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

2.5Advances and Loans.
So long as the Issuer shall have any obligation under this Note, the Issuer shall not, without the Holder's written consent, lend
money, give credit or make advances to any person, firm, joint venture or corporation, including, without limitation, officers,
directors, employees, subsidiaries and affiliates of the Issuer, except loans, credits or advances (a) in existence or committed
on the date hereof and which the Issuer has informed Holder in writing prior to the date hereof, (b) made in the ordinary course
of business or (c) not in excess of $100,000.

    	10

    	 

    

 

ARTICLE III. EVENTS OF DEFAULT

 

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

 

3.1Failure to Pay
Principal or Interest. The Issuer fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity,
upon acceleration or otherwise.

 

3.2Conversion and
the Shares. The Issuer fails to Issue shares of Common Stock to the Holder (or announces or threatens in writing that it will
not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms
of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate
for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this
Note, the Issuer directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring
(or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon
conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer
agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw
any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon
conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement
or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured
(or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3)
business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Issuer to remain current
in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed,
hindered or frustrated due to a balance owed by the Issuer to its transfer agent. If at the option of the Holder, the Holder advances
any funds to the Issuer's transfer agent in order to process a conversion, such advanced funds shall be paid by the Issuer to the
Holder within forty eight (48) hours of a demand from the Holder.

 

3.3Breach of Covenants.
The Issuer breaches any material covenant or other material term or condition contained in this Note and any collateral documents
including but not limited to the Purchase Agreement and such breach continues for a period of ten (I0) days after written notice
thereof to the Issuer from the Holder.

 

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

 

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

 

3.6Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Issuer or any subsidiary of the Issuer or any
of its property or other assets for more than $50,000, and shall remain unvacated, unbonded or unstayed for a period of twenty
(20) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld.

    	11

    	 

    

 

3.7Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under
any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Issuer or any subsidiary of the Issuer.

 

3.8Delisting of Common
Stock. The Issuer shall fail to maintain the listing of the Common Stock on at least one of the OTCBB or an equivalent replacement
exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.9Failure to Comply
with the Exchange Act. The Issuer shall fail to comply with the reporting requirements of the Exchange Act; and/or the Issuer
shall cease to be subject to the reporting requirements of the Exchange Act.

 

3.10Liquidation.
Any dissolution, liquidation or winding up of Issuer or any substantial portion of its business.

 

3.11Cessation of Operations.
Any cessation of operations by Issuer or Issuer admits it is otherwise generally unable to pay its debts as such debts become due,
provided, however, that any disclosure of the Issuer's ability to continue as a "going concern'' shall not be an admission
that the Issuer cannot pay its debts as they become due.

 

3.12Maintenance of
Assets. The failure by Issuer to maintain any material intellectual property rights, personal, real property or other assets
which are necessary to conduct its business (whether now or in the future).

 

3.13Financial Statement
Restatement. The restatement of any financial statements filed by the Issuer with the SEC for any date or period from two years
prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by
comparison to the original financial statement, have constituted a material adverse effect on the rights of the Holder with respect
to this Note or supporting documents.

 

3.14Reverse Splits.
The Issuer effectuates a reverse split of its Common Stock without at least twenty (20) days prior written notice to the Holder

 

3.15Replacement of
Transfer Agent. In the event that the Issuer proposes to replace its transfer agent. the Issuer fails to provide, prior to
the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in
the Reserved Amount) signed by the successor transfer agent to Issuer and the Issuer.

    	12

    	 

    

 

3.16Cross-Default.
Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default
by the Issuer of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable
notice and cure or grace periods, shall, at the option of the Issuer, be considered a default under this Note and the Other Agreements,
in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the
terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. "Other Agreements"
means, collectively, all agreements and instruments between, among or by: (l) the Issuer, and, or for the benefit of, (2) the Holder
and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term "Other Agreements"
shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each
other loan transaction and with all other existing and future debt of Issuer to the Holder.

 

Upon the occurrence and
during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof
or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Issuer shall pay
to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON
THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY
DUE AND PAYABLE AND THE ISSUER SHALL PAY TO THE HOLDER. IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER., AN AMOUNT EQUAL TO:
One Hundred and Thirty Five percent (135%) of all outstanding principal
and interest. Upon the occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect
to failure to pay the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant
to Section l.7 or upon acceleration), 3.3, 3.4, 3.6, 3.8, 3.9, 3.11, 3.12, 3.13.3.14, and/or 3. 15 exercisable through the delivery
of written notice to the Issuer by such Holders (the "Default Notice"), and upon the occurrence of an Event of Default
specified the remaining sections of Articles Ill (other than failure to pay the principal hereof or interest thereon at the Maturity
Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Issuer shall pay to the Holder,
in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 135% times the sum of (w)
the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of
this Note to the date of payment (the "Mandatory Prepayment .Date") plus (y) Default Interest, if any, on the amounts
referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof
(the then outstanding principal amount of this Note to the date of payment plus the amounts referred to in clauses (x),
(y) and (z) shall collectively be known as the "Default Sum") or (ii) the "parity value" of the Default Sum
to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise
pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately preceding the Mandatory Prepayment
Date as the ••conversion Date" for purposes of determining the lowest applicable Conversion Price, unless the Default
Event arises as a result of a breach in .respect of a specific Conversion Date in which case such Conversion Date shall be the
Conversion Date), multiplied by (b) the highest Closing Price for the Common Stock during the period beginning on the date
of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the "Default Amount")
and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all
of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection,
and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

 

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

    	13

    	 

    

  

ARTICLE IV. MISCELLANEOUS

 

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

 

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

 

If to the Issuer, to:

 

 

Attn: Facsimile:

 

If to the Holder:

 

 

WHC Capital, LLC.

200 Stonehinge Lane,

Suite 3

Carle Place, NY. 11514

Tel: 718.530.0182

 

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

    	14

    	 

    

 

4.4Assignability.
This Note shall be binding upon the Issuer and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an "accredited investor" (as defined in Rule 501(a)
of the 1933 Act). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with
a bona fide margin account or other lending arrangement.

 

4.5Cost of Collection.
If default is made in the payment of this Note, the Issuer shall pay the Holder hereof costs of collection, including reasonable
attorneys' fees.

 

4.6Governing Law.
This Note shall be governed by and construed in accordance with the laws of the State of New York without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note
shall be brought only in the state courts of New York or in the federal courts located in the state and county of Nassau. The parties
to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not
assert any defense based on lack of jurisdiction or venue or based upon fornm non conveniens. The Issuer and Holder 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 Note or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party
hereby irrevocably waives personal service of process and consents to process being served in any suit. action or proceeding in
connection with this Agreement or any other Transaction Document 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.

 

4.7Certain Amounts.
Whenever pursuant to this Note the Issuer is required to pay an amount in excess of the outstanding principal amount (or the portion
thereof required to be paid at that time) plus accrued and unpaid interest plus Default Interest on such interest, the Issuer and
the Holder agree that the actual damages to the Holder from the receipt of cash payment on this Note may be difficult to determine
and the amount to be so paid by the Issuer represents stipulated damages and not a penalty and is intended to compensate the Holder
in part for loss of the opportunity to convert this Note and to earn a return from the sale of shares of Common Stock acquired
upon conversion of this Note at a price in excess of the price paid for such shares pursuant to this Note. The Issuer and the Holder
hereby agree that such amount of stipulated damages is not plainly disproportionate to the possible loss to the Holder from the
receipt of a cash payment without the opportunity to convert this Note into shares of Common Stock.

 

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

 

    	15

    	 

    

 

4.9Notice of
Corporate Events. Except as otherwise provided below, the Holder of this Note shall have no rights as a Holder of Common
Stock unless and only to the extent that it converts this Note into Common Stock. The Issuer shall provide1heHolder with
prior notification of any meeting of the ·s shareholders (and copies of proxy .materials and other information sent to
shareholders). In the event of any taking by the Issuer of a record of its shareholders for the purpose of determining
shareholders who are entitled to receive payment of any dividend or other distribution, any right to subscribe for, purchase
or otherwise acquire (including by way of merger, consolidation, reclassification or recapitalization) any share of any class or
any other securities or property, or to receive any other right, or for the purpose of dettl1nining shareholders who are
entitled to vote in connection with any proposed sale, lease or conveyance -of all or substantially all of the assets of the
Issuer or any proposed liquidation dissolution or winding up of the Issuer, the Issuer shall mail a notice to the Holder, at
least twenty (20) days prior to the record date specified therein (or thirty (30) days prior to the consummation of the
transaction or event. whichever is earlier), of the date on which any such record is to be taken for the purpose of such
dividend, distribution, right or other event, and a brief statement regarding the amount and character of such dividend,
distribution, right or other event to the extent known at such lime. The Issuer shall make a public announcement of any event
requiring notification to the Holder hereunder substantially simultaneously with the notification to the Holder in accordance
with the terms of this Section 4.9.

 

4.10Remedies. The
Issuer acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Issuer acknowledges that the remedy at law
for a breach of its obligations under this Note will be inadequate and, in the event of a breach or threatened breach by the
Issuer of the provisions of this Note. that the Holder shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injections restraining, preventing or
curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing
economic loss and without any hood or other  security being required.

 

IN WITNESS WHEREOF, Issuer has caused
this Note to be signed in its name by its duly authorized officer.

 

AJA Cannfacturing, Inc.

 

By: /s/ Kendall Smith

Print: Kendall Smith

Title/Date: CEO 10/29/2014

    	16SECURITIES EXCHANGE AND SETTLEMENT AGREEMENT

 

This Exchange and Settlement
Agreement, dated as of October 24, 2014 (this "Agreement"), between Aja Cannafacturing, Inc., a Nevada corporation
(inclusive of any Subsidiaries, "Issuer"), and Beaufort Capital Partners LLC ("Investor") (Issuer
and Investor may hereinafter be referred to individually as a "Party" or jointly as the "Parties").

 

WHEREAS, Issuer issued
a certain debt security in the form of a promissory note, dated November 27, 2012, in the face amount of $51,800, which promissory
note was amended on February 28, 201 3 to increase the face amount to $183,497.72, and further amended on May 31, 2013 to increase
the face amount to $289,997.72, to Investor a copy of which amended promissory note is annexed hereto as Exhibit A and made
a part hereof (the "Debt Securities Instrument");

 

WHEREAS, notwithstanding
that, in accordance with its stated terms, the Debt Securities Instrument has no rights of convertibility into shares of the common
stock of Issuer, $0.00 I par value per share (the "Issuer Common Stock"), and without regard to the Jack of such
an existing "conversion" provision in the Debt Securities Instrument, Investor desires to exchange the Debt Securities
Instrument from time to time hereinafter for equity securities in the form of unrestricted shares of Issuer Common Stock, and Issuer
desires to facilitate such exchange. in each case pursuant to their respective economic interests and in each case as more specifically
and fully set forth herein; and

WHEREAS, subject to certain
conditions, and pursuant to Section 3(aX9J of the Securities Act, one or more exchanges of the Debt Securities Instrument for shares
of Issuer Common Stock (each, a "3(a)(9) Exchange") while beneficially held by Investor is/are eligible to be
effected without registration as more specifically and fully provided herein;

 

NOW, THEREFORE, the Parties
hereby acknowledge, represent. warrant, covenant and agree, in each case as applicable, as follows for the benefit of each other
legal counsel and securities transfer agent professionals involved in any one or more J(aX9) Exchanges hereunder (such transactions
collectively, the "Transactions''):

    	 

    	 

    

 

1.                  
Recitals. The foregoing recitals arc hereby incorporated by reference into this Agreement
and made a part hereof.

 

2.                  
Definitions. For purposes of this Agreement, the following terms when appearing in
their capitalized forms as follow shall have the corresponding assigned meanings:

 

"3(a)(9) Exchange''-
shall have the meaning specified in the fifth paragraph of the recitals to this Agreement.

 

"Affiliate"
- with respect to any specified Person, any other Person who, directly or indirectly through one or more intermediaries, Controls,
is Controlled By, or is Under Common Control With, such specified Person.

"Agreement"
-shall have the meaning specified in the preamble above.

 

"Authorization'"
- any authorization, approval, consent, certificate license, permit or franchise of or from any Governmental Authority or pursuant
to any Law.

 

"Beneficial Owner"
- with respect to any shares means a Person who shall be deemed to be the beneficial owner of such shares (i) which such Person
or any of its Affiliates or associates (as such term is defined in Rule I 2 b-2 promulgated under the Exchange Act) beneficially
owns, directly or indirectly, (ii) which such Person or any of its Affiliates or associates has, directly or indirectly, (A) the
right to acquire (whether such right is exercisable immediately or subject only to the passage of time), pursuant to any agreement,
arrangement or understanding or upon the exercise of consideration rights exchange rights. warrants or options, or otherwise, or
{B) the right to vote pursuant to any agreement, arrangement or understanding, (iii) which are beneficially owned, directly or
indirectly, by any other Persons with whom such Person or any of its Affiliates or associates or any Person with whom such Person
or any of its Affiliates or associates has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting
or disposing of any such shares, or (iv) pursuant to Section 13{d) of the Exchange Act and any rules or regulations promulgated
thereunder.

    	2

    	 

    

 

"Clearing Date"
the first date upon which both (i) the Exchange Shares under any Exchange Notice have been deposited into the Investors designated
brokerage account, and (ii) the Investor has thereafter received confirmation from its brokerage firm that it may execute trades
involving such Exchange Shares.

 

"Control"
(including "Controlled By" and "Under Common Control With'') - the possession, directly or indirectly
or as trustee or executor, of the power to direct or cause the direction of the management and policies of a Person, whether through
the ownership of voting securities, as trustee or executor, by contract or credit arrangement or otherwise.

 

"Current Form 10
Information" - for a given registrant/company, such infom1ation as is or may he required by the SEC to satisfy the financial
and other disclosure requirements of SEC Form I 0 within the meaning of Rule 144.

 

"Current Public Information"
- in an appropriate format the information concerning a given issuer specified in paragraphs (a)(5)(i) to (xiv) inclusive, and
paragraph (a)(5)(xvi), of Rule 15c2-l 1 of the Rules and Regulations promulgated under the Exchange Act.

 

"Debt Securities
Instrument" - shall have the meaning specified in the first paragraph of the recitals to this Agreement.

 

"DTC" -The
Depository Trust Company, a subsidiary of DTCC.

 

"DTCC" -
The Depository Trust & Clearing Corporation.

 

"DTC Eligibility"
/ "DTC Eligible" - in respect of a given security its eligibility to be traded electronically in book-entry form
through OTC.

 

"DWAC" -
DTC's Deposit Withdrawal Agent Commission system

 

"Exchange Act"
-the Securities and Exchange Act of I 934, as amended

 

"Exchange Amount"
- shall have the meaning specified in Section 2.1 of this Agreement.

 

"Exchange Cap"
- the maximum number of shares of Issuer Common Stock that Issuer may issue pursuant to this Agreement and the transactions contemplated
hereby without (i) breaching Issuer's obligations under the applicable rules of The Nasdaq Stock Market or any other Principal
Market on which the Issuer Common Stock may be listed or quoted, or (ii) obtaining stockholder approval under the applicable rules
of The Nasdaq Stock Market or any other Principal Market on which the Issuer Common Stock may be listed or quoted.

 

"Exchange Notice"
- a written notice to the Investor executed by a duly authorized officer of the Issuer and including an Exchange Request, in each
case as the same may be deemed amended in accordance with Section 2.4.3.4.

 

"Exchange Notice
Date" - shall have the meaning specified in Section 2.4.1 of this Agreement.

    	3

    	 

    

 

"Exchange Notice
Date/Time Stamp" - shall have the meaning specified in Section 2.4.l of this Agreement.

"Exchange Request"
-·shall have the meaning specified in Section 2.1 of this Agreement.

 

"Exchange Shares"
- shall have the meaning specified in Section 2.1 of this Agreement

 

"Exchange Shares
Delivery Period" - in relation to any given Exchange Notice, the period commencing upon the date and time indicated in
the Exchange Notice Date/Time Stamp and continuing thereafter for twenty-eight (28) Trading Hours.

 

"FAST Program"
– DTC’s Fast Automated Securities Transfer program, participation in which is a required for OTC Eligibility.

 

"FINRA"
- shall mean the Financial Industry Regulatory Authority.

 

"Governmental Authority"
means any entity or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to
United States federal, state, local, or municipal government, foreign, international, multinational or other government, including
any department, commission. Board, agency, bureau, subdivision, instrumentality, official or other regulatory, administrative or
judicial authority thereof, and any non-governmental regulatory body to the extent that the rules and regulations or orders of
such body have the force of Law.

 

''Gypsy Swap"
- any series of transactions i n which, by arrangement or otherwise, the resale of an outstanding unrestricted security by the
then holder thereof results, directly or indirectly, and no matter the sequence of such transactions, in a capital infusion into
the issuing company.

 

"Investor"
- shall have the meaning specified in the preamble to this Agreement.

    	4

    	 

    

 

"Issuer'" -shall
have the meaning specified in the preamble to this Agreement.

 

"Issuer Common Stock"
- shall have the meaning specified in the fourth paragraph of the recitals to this Agreement.

 

''Issuer's Share Delivery
Obligation" - shall have the meaning specified in Section 2.4.3.3 of this Agreement

 

"Knowledge"
- of a given Person, and with respect to any fact or matter, the actual knowledge of the directors and executive officers of such
Person and each of its Subsidiaries, together with such knowledge that such directors, executive officers and other employees could
be expected to discover after due investigation concerning the existence of the fact or matter in question.

 

"Law" means
any statute, law (including common Law) constitution, treaty, ordinance, code, order, decree, judgment, rule, regulation and any
other binding requirement or determination of any Governmental Authority.

 

"Liens"
means any liens, claims, charges, security interests, mortgages, pledges easements, conditional sale or other title retention agreements,
defects, in title, covenants or other restrictions of any kind, including, any restrictions on the use, voting, transfer or other
attributes of ownership.

 

"Material Adverse
Effect" - with respect to any Person, any stale of facts, development, even circumstance, condition. occurrence or effect
that, individually or taken collectively with all other preceding facts, developments, events, circumstances, c-0nditions, occurrences
or effects (a) is materially adverse to the condition (financial or otherwise), business, operations or results of operations of
such Person, or (b) impairs the ability of such Person to perform its obligations under this Agreement.

 

"Officer's Certificate"
- shall have the meaning specified in Section 2.4.3.2 of this Agreement.

 

"Officer's Certificate
Deadline'" - shall have the n1eaning specified in Section 2.4.3.2 of Agreement

 

"Officer's Certificate
Delivery Obligation" - shall have the meaning specified in Section 2.4.3.2 of this Agreement.

    	5

    	 

    

 

"Order"
- any award, injunction, judgment, decree, stay, order, ruling, subpoena or verdict, or other decision entered, issued or rendered
by any Governmental Authority.

 

"OTC" --over-the-counter

 

"OTCPink - Current"
- the OTCMarkets tier for companies that are not SEC Reporting Companies but that regularly tile and make available Current Public
Information reports and that are current in such filings as of the date hereof.

 

"OTCOB"-
the base level OTCMarkets tier for SEC Reporting Companies. "Ownership Limitation" -at any given point in time, 4.99%.

 

"Parties"-
shall have the meaning specified in the preamble to this Agreement.

 

"Person"-
an individual, a corporation, a partnership, a limited liability company, a trust, an unincorporated association, Governmental
Authority, a person (including, without l imitation, a "person" as defined in Section I 3(dX3) of the Exchange Act),
or any political subdivision, agency or instrumentality of a Governmental Authority or any other entity or body.

 

"Pricing Period"
- in relation to any Exchange Shares, the twenty (20) Trading Days immediately preceding the date upon which Investor shall have
delivered to Issuer the corresponding Exchange Notice.

 

"Principal Market"
- as of any given date, whichever of the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market, the
Nasdaq Capital Market, the American Stock Exchange, the OTCQB, or the OTCPink is at the time the principal trading exchange or
market for the Issuer Common Stock.

 

"Proceeding"
or "'Proceedings" - any actions, suits, claims, hearing arbitrations, mediations, Proceedings (public or private)
or governmental investigations that have been brought by any Governmental Authority or any other Person.

 

"Rule 144"-
Rule 144 promulgated under the Securities Act.

 

"Rule 405"
- Rule 405 of Regulation S-T.

 

"SEC" -shall
mean the U.S. Securities and Exchange Commission.

 

"SEC Reporting Company"
- any company with a class of common stock registered under Section 12 of the Exchange Act and that, as of the date hereof is,
and for at least the ninety (90) day period immediately preceding the date hereof has been, subject to the periodic and other reporting
requirements of either Section 13 or I 5(d) of the Exchange Act.

 

"Securities Act"
-the Securities Act of 1933, as amended.

 

"Shell Company"
- a company having no or nominal operations and either (a) no or nominal assets, (b) assets consisting solely of cash and cash
equivalents, or (c} assets consisting of any amount of cash and cash equivalents and nominal other assets.

 

"Stock Price"'
- on any given Trading Day, the intra-day lowest traded stock price (as reported by a direct feed service) of the Issuer Common
Stock on the Principal Market or if the Issuer Common Stock is not traded on a Principal Market, the highest reported bid price
for the Issuer Common Stock as provided by FINRA.

    	6

    	 

    

 

''Trading Day"
-any day during which the Principal Market shall be open for business.

 

''Trading Hours''
- for any given Trading Day, those hours between 9:30 am (U.S. Eastern Time and 4:30 pm (U.S.) Eastern Time.

 

"Transactions"
- shall have the meaning specified in the sixth paragraph of the recitals to this Agreement.

 

"Transfer Agent"
- as of any given date, the transfer agent firm engaged by Issuer to perform securities transfer agent and related services for
the Issuer and which, as of the date of this Agreement, is Globex Transfer, LLC, 780 Deltona Blvd., Suite 202, Deltona, FL 32725.

 

"Transfer Agent Instruction
Letter'' - shall have the meaning specified in Section 2.4.3.1 of this Agreement.

 

"Transfer Agent Instruction
Delivery Deadline" - shall have the meaning specified m Section 2.4.3.l of this Agreement.

 

"Transfer Agent Instruction
Delivery Requirement" - shall have the meaning specified in Section 2.4.3.1 of this Agreement.

 

"Transfer Agent Legal
Opinion Letter" - shall have the meaning specified in Section

2.4.3.2 of this Agreement.

 

2.The 3(aX9l Exchange(s).

 

2.1               
Generally. Subject to the terms, conditions and limitations of this Agreement, for
so long as any amounts payable under the Debt Securities Instrument remain (i) unexchanged for shares of Issuer Common Stock hereunder,
or (ii) unpaid and outstanding (such period being deemed the "Investor Holding Period"), the Investor shall
have a continuing right in its sole and exclusive discretion, through the delivery by Investor to Issuer of an Exchange Notice,
to elect to exchange as part of a 3(a)(9) Exchange (in each instance, an "Exchange Request") all or any part of
the amount of any principal and/or accrued but unpaid interest thereon (as set forth within any such Exchange Notice. the "Exchange
Amount") for a number of fully-paid and non-assessable shares of Issuer Common Stock equal to (x) the Exchange Amount
divided by (y) fifty percent (50%) of t h e Stock Price during the Pricing Period (such result in each instance constituting the
"Exchange Shares"); provided, however, that any and all obligations under the Debt Securities shall
remain unaffected during such Investor Holding Period for all or any part thereof remaining unexchanged, including without limitation
any events or other terms of default. In connection with this provision, the Debt Securities Instrument shall be deemed to have
been incorporated by reference herein with all rights and obligations attendant thereto and arising thereunder to be continuing
unaffected hereby but only insofar as not in conflict at any given time with any superseding provisions of this Agreement.

 

2.2               
Certain Acknowledgments and Covenants. Each of Issuer and Investor hereby (a) acknowledge
that they are aware and understand that, in order to be eligible for exemption from registration under the Securities Act, any
3(a)(9) Exchange(s) hereunder may not involve (i) any additional consideration beyond the Debt Securities Instrument being surrendered/exchanged
by the Investor, or (ii) any payment by the Issuer of any commission or other remuneration either directly or indirectly for the
solicitation of such exchange{s), and (b) covenant that any 3(a)(9) Exchange(s) hereunder shall not involve (i) any additional
consideration beyond the Debt Securities Instrument being surrendered/exchanged by the Investor, or (ii) any payment by the Issuer
of any commission or other remuneration either directly or indirectly for the solicitation of such exchru1ge(s).

 

2.3               
Mechanics and Related Matters.

 

2.3.1Delivery of
Exchange Notice. Any given Exchange Notice shall be deemed to have been delivered to the Issuer as of the date (the "Exchange
Notice Date") and time of dispatch by email to the Issuer as set forth on the email so dispatched, provided, however,
that no reasonably compelling basis upon which to challenge such date and time exists and has been provided to Investor (in each
case, the "Exchange Notice Date/time Stamp").

    	7

    	 

    

 

2.3.2Certain Exchange
Notice Limitations. Anything in this Agreement to the contrary notwithstanding, in no event shall any Exchange Notice be deemed
valid (i) if and to the extent that fulfillment of the Exchange Request contained therein would cause the aggregate number of shares
of Issuer Common Stock beneficially owned by the Investor and its affiliates, including those in relation to which it/they have
a right to acquire within sixty (60) day>, lo exceed the Ownership Limitation, or (ii) if at such time the Issuer Common Stock
is listed or quoted on· The Nasdaq Stock Market or any other U.S. national securities exchange, and to the extent that that
fulfillment of the Exchange Request contained therein would cause the aggregate number of shares of Issuer Common Stock issued
pursuant to this Agreement, when combined with all shares of Issuer Common Stock issued pursuant to any transactions with which
they may be aggregated with other transactions for purposes of and under applicable rules of The Nasdaq Stock Market or any other
Principal Market on which the Common Stock may at such time be listed or quoted, would cause the aggregate number of shares of
Issuer Common Stock that would be deemed issued pursuant to this Agreement, to exceed the Exchange Cap. In the event that any Exchange
Notice shall have been delivered by Investor to Issuer but is invalid to any extent in accordance with the foregoing, such Exchange
Notice shall be void ab initio but only to the extent of such invalidity.

 

2.3.3Delivery and
Settlement of Exchange Shares.

 

2.3.3.1Transfer
Agent Instruction Requirement. Upon receipt of an Exchange Notice, Issuer shall immediately, but in no event more than seventy
two (72) hours (the "Transfer Agent Instruction Delivery Deadline"). deliver a letter to Transfer Agent, by email as
a .pdf attachment and with a cc (courtesy copy) email to Investor, such letter to be in the fom1 annexed hereto as Exhibit D and
incorporated by reference herein, inclusive of the unanimous written board consent annexed thereto (the "Transfer Agent
Instruction Letter"), in each case filled in as appropriate based on the information set forth in the corresponding Exchange
Notice, or deemed set forth in the corresponding Exchange Notice in accordance with Section 2.4.3.4 below (the ''Transfer Agent
Instruction Delivery Requirement''). Failure to meet the Transfer Agent Instruction Delivery Requirement shall result in an
adjustment to the Exchange A mount so that the Exchange Shares shall be a number of fully-paid and nonassessable shares of Issuer
Common Stock equal co ( x) the Exchange Amount divided by (y) the lessor of (A) $0.00001 and (B) twenty percent (20%) of the Stock
Price during the Pricing Period .

 

2.3.3.2Officer's
Certificates. In connection with the delivery of any Exchange Shares, the cost of obtaining any formal written legal opinion
reasonably requested by Transfer Agent, including any one or more concluding that such Exchange Shares be delivered free of any
restrictive legend (each, a "Transfer Agent Legal Opinion Letter"), shall be borne by Investor, and it shall be
within the exclusive discretion of Investor as to what legal firm shall be engaged for this purpose. Promptly upon delivery via
email by Investor's designated counsel lo the President and chief executive officer of Issuer at the email address provided in
Section 5 of this Agreement (but in no event more than two [2] Trading Days) (the "Officer's Certificate Deadline")
of any officer's certificates identified in such email as being required by Investor's designated counsel for purposes of Investor's
designated counsel being able to deliver the Transfer Agent Legal Opinion Letter (each, an "Officer's Certificate"),
the CEO and chief executive. officer of Issuer shall duly execute and return to Investor's designated counsel, in .pdf format at
the email address from which the corresponding unexecuted Officer's Certificate(s) had been received, such duly executed Officer's
Certificate (the "Officer's Certificate Delivery Obligation").

    	8

    	 

    

 

2.3.3.3Share Delivery
Obligation. Subject only to the limitations set forth in Section 2.4.2 above and any delays in delivery to Transfer Agent of
the Transfer Agent Legal Opinion Letter and within the applicable Exchange Share Delivery Period. Issuer shall be obligated to
and shall take any and all steps required to either (a) if Transfer Agent is not participating in the OTC FAST Program during the
applicable Exchange Share Delivery Period, and/or the Exchange Shares are not OTC Eligible, deliver for settlement to the window
of Investor's brokerage account (as designated in the Transfer Agent Instruction Letter) physical certificates representing the
Exchange Shares deliverable pursuant to the corresponding Exchange Request, or (b) if Transfer Agent is participating in the OTC
FAST Program during the applicable Exchange Share Delivery Period, and/or the Exchange Shares are OTC Eligible, cause such transfer
agent to effectuate delivery and settlement of such Exchange Shares electronically, in book-entry form, by appropriately crediting
the account of the Investor's prime broker (as designated in the Transfer Agent Instruction Letter) with OTC through its DWAC System
and providing proof satisfactory to the Investor thereof (in relation to any given Exchange Request, the "Issuer's Share Delivery
Obligation").

 

3.                  
Representations and Warranties of Issuer. Issuer hereby represents and warrants to
Investor, which representations and warranties, excepting (c) below, shall be deemed to be repeated by Issuer on each day on which
any amounts payable under the Debt Securities Instrument, including interest, remain (i) unexchanged for shares of Issuer Common
Stock hereunder, or (ii) unpaid and outstanding, that:

 

(a)                
it is a corporation duly organized, validly existing, and in good standing under the Laws
of the State of Nevada:

 

(b)                
it has taken all requisite corporate and other action to authorize, and it has full corporate
power and authority without any required further action, to (i) carry on its present business as current) conducted, (ii) own its
properties and assets, (iii) execute, deliver, and perform all of its obligations under this Agreement, (iv) have borrowed and
to repay with interest the indebtedness evidenced by the Debt Securities Instrument. and (v) issue and deliver to Investor or its
designee any and all Exchange Shares potentially deliverable pursuant to this Agreement;

 

(c)                
its capitalization as of the date of this Agreement includes (i) ___________ (_________) shares
of Issuer Common Stock authorized, of which ________________ (_________) shares are issued and outstanding, and (ii) _____________
(_________) shares of Issuer preferred stock, par value $0.00001 per share authorized, of [Series A, B, C , D] are issued and outstanding,
and _______________________ ( ) notes/debentures in the combined amount of______________ dollars ($ __________) that, in accordance
with their terms, are "convertible" into capital stock of Issuer, issued and outstanding;

 

(d)                
the Debt Securities Instrument constitutes a legal, valid and binding, and past due obligation
of Issuer, enforceable against Issuer i n accordance with the terms thereof, subject to applicable bankruptcy, reorganization,
insolvency, moratorium or similar Laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles
of general application (regardless of whether enforcement is sought in a proceeding in equity or at law), there is no dispute relating
to the validity of such obligation, and any defenses to its validity have been waived in their entirety:

    	9

    	 

    

 

(e)                
the execution, delivery and performance of this Agreement, the payment of all amounts due
under the Debt Securities Instrument by Issuer, and the consummation of the Transactions, do not and will not (i) violate any provision
of its articles of incorporation or bylaws, (ii) conflict with or result in the breach of any material provision of, or give rise
to a default under, any agreement with respect to indebtedness or of any other material agreement to which Issuer is a party or
by which it or any of its properties or assets are bound (iii) conflict with any Law, statute, rule or regulation or any Order
judgment or ruling of any court or other agency of government to which it is subject or any of its properties or assets may be
bound or affected. in each case except where such conflict would not have a Material Adverse Effect on Issuer or (iv) result in
the creation or imposition of any Lien, charge, mortgage, encumbrance or other security interest or any segregation of assets or
revenues or other preferential arrangement ( whether or not constituting a security interest) with respect to any present or future
assets, revenues or rights to the receipt of income of Issuer;

 

(f)                 
it is currently an SEC Reporting Company .

 

(g)                
it is not a Shell Company, and, if it ever was a Shell Company, it (i) has ceased to be a
Shell Company, (ii) has filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act,
as applicable, during the twelve (I 2) month period immediately preceding the date of this Agreement (or for such shorter period
as it has been required to file such reports and materials), other than current reports on Form 8-K, and (iii) has filed Current
Form I 0 Information with the SEC reflecting its status as an entity that is no longer a Shell Company, and at least one (1) year
has elapsed since such Current Form I 0 Information was filed:

 

(h)                
the Issuer Common Stock currently trades publicly on the OTCQB market on under the symbol
''AJAC" and is not currently subject to any trading halts, suspensions, delistings or similar actions imposed by the SEC,
FINRA, or any other regulatory or similar authorities and no members of its management or board of directors is aware or has any
reason to be aware of any such threatened halts, suspensions, delistings or similar actions;

 

(i)                  
the Issuer Common Stock is currently DTC Eligible, Transfer Agent is participating in the
OTC FAST Program, and no OTC "chill" has been imposed upon the Issuer Common Stock:

 

(j)                 
its management understands what a Gypsy Swap is and that such arrangements are deemed to constitute
unlawful schemes to evade the registration requirements of the Securities Act, and has no knowledge of any such arrangements in
connection with the Transactions;

 

(k)                
there are no legal actions, suits, arbitration proceedings, investigations or other Proceedings
pending or, to the reasonable knowledge of Issuer's officers or directors, threatened against Issuer which, if resolved unfavorably
would have a Material Adverse Effect on the financial condition of Issuer or the validity or enforceability of, or Issuer's ability
to perform its obligations under, the Debt Securities Instrument and/or this Agreement; and

 

(l)                  
all governmental and other consents, authorizations, approvals, licenses and orders that were
required to have been obtained by Issuer with respect to the Debt Securities Instrument and/or its issuance were duly obtained
and remain in full force and effect and all conditions of any such consents, Authorizations approvals, licenses and orders have
been complied with.

 

4.                  
Covenants of Issuer. In addition to the other obligations hereunder and under the Debt
Securities Instrument, and for so long as any amounts payable under the Debt Securities Instrument, including interest. remain
(i) unexchanged for shares of Issuer Common Stock hereunder, or (ii) unpaid and outstanding, Issuer hereby covenants to the Investor
as follows:

 

(a)                
upon issuance, any Exchange Shares shall be duly authorized, fully paid and nonassessable;

    	10

    	 

    

 

(b)                
it shall refrain from disclosing, and shall cause its officers, directors, employees and agents
to refrain from disclosing, any material non-public information to Investor without also disseminating such information to the
public in accordance with applicable Law, unless prior to disclosure of such information Issuer identifies such information as
being material non-public information and provides Investor with the opportunity to accept or refuse to accept such material non-public
information for review,

 

(c)                
it shall timely file all reports required by it to be filed, in each case in full compliance
"ith the content requirements thereof, and shall meet all other of its obligations under the Exchange Act;

 

(d)                
it shall take any and all steps as may be necessary to insure that the Issuer Common Stock
continues to trade publicly and does not become the subject of any trading halts, suspensions, delistings or similar actions imposed
by the SEC, FINRA, or any other regulatory or similar authorities:

 

(e)                
it shall take any and all steps as may be necessary to insure that the Issuer Common Stock
continues to be DTC Eligible, that Transfer Agent continue to participate in the OTC FAST Program, and that no DTC "chill"
is imposed upon the Issuer Common Stock;

 

(f)                 
it shall take any and all steps as may be necessary to insure that it avoid becoming or otherwise
being deemed by the SEC a Shell Company;

 

(g)                
it shall not issue any shares of Issuer Common Stock under this Agreement which, when aggregated
with all other shares of Issuer Common Stock then beneficially owned by Investor and its affiliates, including those in relation
to which it/they have a right to acquire within sixty (60) days, would result in the beneficial ownership by Investor and its affiliates
to exceed the Ownership Limitation, and, upon the written or telephonic request of Investor from time to time, Issuer shall confirm
to Investor within one (I) Trading Day of such request the number of shares of Issuer Common Stock then outstanding;

 

(h)                
it shall not initiate or otherwise execute any share buybacks of the Issuer Common Stock that
would have the effect of increasing Investor's percentage beneficial ownership together with its affiliates, including those in
relation to which it/they have a right to acquire within sixty (60) days, to exceed the ownership Limitation;

 

(i)                  
if the Common Stock is listed or quoted on The Nasdaq Stock Market or any other U.S. national
securities exchange during the Investor Holding Period, it shall not issue any shares of Issuer Common Stock pursuant to this Agreement
to the extent that after giving effect thereto, the aggregate number of all shares of Issuer Common Stock that would be issued
pursuant to this Agreement together with all shares of Issuer Common Stock issued pursuant to any transactions that may be aggregated
with the transactions contemplated by this Agreement under applicable rules of The Nasdaq Stock Market or any other Principal Market
on which the Issuer Common Stock may be listed or quoted, would exceed the Exchange Cap, unless and until Issuer elects to solicit
stockholder approval of the transactions contemplated by this Agreement and the stockholders of Issuer have in fact so approved
the transactions contemplated by this Agreement in accordance with the applicable rules and regulations of The Nasdaq Stock Market,
any other Principal Market on which the Issuer Common Stock may be listed or quoted, and the Issuer's articles of incorporation
and bylaws; and

 

(j)                 
it shall not knowingly be a participant in any Gypsy Swap in connection with the Transactions
or otherwise.

 

5.                  
Notices. Except as otherwise expressly set forth herein, any notice, demand or request
relating to any matter set forth herein shall be made in writing and shall be deemed effective when hand delivered or when mailed,
postage pre-paid by registered or certified mail return receipt requested, when picked-up by or delivered to a recognized overnight
courier service, or when sent by email to either Issuer at its address below, or to Investor at its address below, or such other
address as either Party shall have notified the other in writing as provided herein from and after the date hereof.

 

If to Issuer:

 

Aja Cannafacturing, Inc.

5333 Birch Street

Lake Elsinore, CA 92530

Att: Kendall Smith

 

If to Investor:

 

Beaufort Capital Partners LLC

660 White Plains Road, Suite 455

Tarrytown, NY I 0591

Att: Robert Marino

 

6.                  
Governing Law. This Agreement and the Exhibits hereto shall be governed by and interpreted
and enforced in accordance with the Laws of the State of New York, without giving effect to any choice of Law or conflict of Laws
rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the Laws of
any jurisdiction other than the State of New York.

 

7.                  
Headings. The descriptive headings contained in this Agreement are included for convenience
of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

 

8.                  
Counterparts. This Agreement may be executed and delivered (including by facsimile
or email .pdf file format attachment transmission) in one or more counterparts, and by the different Parties hereto in separate
counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall
constitute one and the same agreement.

 

9.                  
Integration; Modification. This Agreement including the Exhibits hereto. constitutes
the entirety of the rights and obligations of each of the Investor and Issuer with respect to the subject matter hereof. No provision
of this Agreement may be modified except by an instrument in writing signed by the Party against whom the enforcement of any such
modification is or may be sought.

 

 

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

    	11

    	 

    

 

IN WITNESS WHEREOF, the Parties have caused
Ibis Agreement to be executed by 1he respective office thereunto duly authorized, in each case as of the date first written above.

 

"ISSUER"

 

AJA CANNAFACTURING, INC.

 

By: /s/ Kendall Smith'

Name: Kendall Smith

Title: CEO

 

BEAUFORT CAPITAL PARTNERS LLC

 

By: /s/ Leib Schaeffer

Name: Laib Schaeffer

Title: Managing Member

    	12

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