Document:

NOVO
    INTEGRATED SCIENCES INC.

 

December
20, 2017

 

Brands
International Corporation

Attn:
Mark Rubinoff, CEO

 

RE:
Letter of Intent for the Acquisition by Novo Integrated Sciences Inc. of 60% of all issued and outstanding equity stock of Brands
International Corporation in exchange for Debt Financing arranged or provided by Novo Integrated Sciences Inc.

 

Mr.
Rubinoff,

 

This
binding letter of intent (“LOI” or “Letter”) is to generally record terms and conditions
of the proposed agreement whereby Novo Integrated Sciences Inc., a Nevada corporation (“NVOS” or “Novo”)
will acquire sixty percent (60%) of all issued and outstanding shares of Brands International Corporation, a limited company
incorporated under the laws of Ontario (“BRANDS”) in exchange for the arrangement of secured debt financing
arranged or provided by NVOS in exchange NVOS will receive sixty percent (60%) of all share capital of BRANDS (the “Transaction”).
This Letter represents only our good-faith intention to negotiate and execute a Definitive Agreement in a form acceptable to both
NVOS and BRANDS.

 

Statements
below as to what we, or you, will do, or agree to do, or the like, are so expressed for convenience only, and are understood in
all instances (except for the items identified below in Section 9 and Section 10) to be subject to our mutual continued willingness
to proceed with the Transaction.

 

The
following paragraphs reflect our understanding of the Transaction (as defined below) but do not constitute a complete statement
of, or legally binding or enforceable agreement or commitment that can be interpreted as a definitive agreement, with respect
to the matters described therein until such time as a definitive agreement has been completed:

 

    	 	 	P a g e |2 

     

    

 

	 	1.	Structure:
    The parties intend to enter into a share transfer transaction or other similar business combination in which:

 

	 	i.	Prior
    to, and as a condition of closing, BRANDS will take the necessary and appropriate steps to identify all capital stock, options,
    warrants or any other form of promise resulting in the issuing of stock now or at any time in the future.
	 	 	 
	 	ii.	Novo
    will provide or arrange TWO MILLION THREE HUNDRED AND FIFTY THOUSAND CANADIAN DOLLARS (CAD$2,350,000) in debt financing at
    a rate of no more than ten percent (10%) per annum and no less than eight percent (8%) per annum, with a term to be negotiated
    and BRANDS will transfer 60% percent of all share capital in BRANDS to NVOS.
	 	 	 
	 	iii.	Upon
    completion of the Transaction, NVOS will own 60% of all the issued and outstanding shares of BRANDS and BRANDS shall be a
    partially- owned foreign subsidiary of NVOS.
	 	 	 
	 	iv.	NVOS
    and Mark Rubinoff will enter into a mutually agreed upon unanimous shareholder agreement.
	 	 	 
	 	v.	NVOS
    will enter into a management agreement with Mark Rubinoff and DJ Rubinoff.
	 	 	 
	 	vi.	NVOS
    will provide Mark Rubinoff with a buy out structure for the remaining forty percent of the BRANDS’ shares with a trigger
    date of twenty-four months from the Transaction closing.

 

	 	2.	Due
    Diligence: The parties will work promptly to carry out all required due diligence in respect of the proposed Transaction
    including without limitation, the completion of standard business, legal and other inquiries and a review of applicable laws
    and regulations. The parties will afford each other, its employees, auditors, legal counsel, and other authorized representatives
    all reasonable opportunity and access during normal business hours to inspect and investigate the business and financial affairs
    of the other party.
	 	 	 
	 	3.	Definitive
    Agreement. We mutually agree to proceed reasonably and in good faith toward negotiation and execution of definitive documentation
    which shall contain the terms and conditions set out in the LOI and such other terms, conditions, indemnities, representations,
    warranties, covenants as are customary for transactions of this nature (the “Definitive Agreement”). The
    parties shall cooperate in structuring the Transaction in the most effective manner having regard to applicable tax, corporate,
    and securities laws.
	 	 	 
	 	4.	Regulatory
    Approvals and Contractual Consents: Each of the parties will use its commercially reasonable best efforts to obtain:

 

	 	i.	the
    necessary board approvals and shareholder approvals for the Transaction prior to the execution of the Definitive Agreement;
    and
	 	 	 
	 	ii.	all
    necessary regulatory approvals (including approvals from any licensing authorities) and third-party consents and the necessary
    shareholder approvals prior to the closing of the Transaction and to cooperate in providing any submissions necessary to affect
    the Transaction.

 

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	 	5.	Other
    Conditions. The Definitive Agreement shall include, but will not be limited to, the following:

 

	 	i.	the
    parties having completed a due diligence investigation the results of which are satisfactory to the parties their sole discretion;
	 	 	 
	 	ii.	at
    the time of the Transaction, BRANDS will have no liabilities, contingent or otherwise, unless such liabilities have been specifically
    agreed to by NVOS in writing;
	 	 	 
	 	iii.	BRANDS
    will have received all regulatory approvals required to complete the Transaction;
	 	 	 
	 	iv.	the
    parties agree to cooperate to prepare for filing the necessary current reports with the Securities and Exchange Commission
    with respect to the Transaction, including a Form 8-K, within the regulatory required time limits following the closing of
    the Transaction if required.
	 	 	 
	 	v.	the
    representations and warranties of contained herein shall be true and correct in all material respects as of the closing of
    the Transaction; and
	 	 	 
	 	vi.	no
    material adverse change shall have occurred in the business, assets, liabilities, results, financial condition, affairs or
    prospects of BRANDS from the date hereof to the closing of the Transaction.

 

	 	6.	Confidentiality:
    Each party agrees that, subject to compliance with applicable laws, it will keep confidential, and not release to any other
    person, this proposal, the contents of this Binding Letter of Intent and any of the proprietary business, technical or other
    information obtained by it during its due diligence inquiries and any related negotiations. Each party’s obligations
    in this respect shall survive the closing of the Transaction or any termination of the proposed Transaction between the parties
    or the termination of this LOI.
	 	 	 
	 	7.	Disclosure:
    No public announcement concerning the Transaction contemplated herein or the status of the discussions between the parties
    hereto shall be made by either party unless and until the same has been approved by both parties hereto, unless such disclosure
    is required by any government laws, rules or regulations, by any government regulatory authorities or any stock exchange having
    jurisdiction over either party provided prior written notice is provided to the other party respecting such disclosure or
    public announcement and such party has been provided reasonable opportunity to review and comment on the proposed disclosure.
	 	 	 
	 	8.	Costs:
    The parties will each be solely responsible for and bear their own respective expenses, including, without limitation, expenses
    of legal counsel, accountants, and other
	 	 	 
	 	 	advisors,
    incurred at any time in connection with pursuing or consummating the Transaction. Each party’s obligations in this respect
    shall survive the closing of the Transaction or any termination of the proposed Transaction between the parties. It is expressly
    understood that both parties’ counsel will be together, responsible for preparing the documents required to complete
    the Transaction including the filing statement required to be filed with the Exchange in connection with the Transaction.
	 	 	 
	 	9.	Exclusivity:
    The parties hereby agree that from the date hereof until the earlier of (i) January 30, 2018 (the “Termination Date”)
    and (ii) the date the parties enter into the Definitive Agreement, at which time this LOI shall automatically become null
    and void and of no further force or effect, that neither party, their respective directors, officers, agents and representatives
    will, directly or indirectly:

 

    	 	 	P a g e |4 

     

    

 

	 	i.	solicit,
    initiate or encourage the initiation of any expression of interest, inquiries or proposals regarding, constituting or that
    may reasonably be expected to lead to any merger, amalgamation, take-over bid, tender offer, arrangement, recapitalization,
    liquidations, dissolution, share exchange, sale of material assets involving the parties or a proposal or offer to do so (the
    “Acquisition Proposal”) (including without limitation, any grant of an option or other right to take any
    such action);
	 	 	 
	 	ii.	participate
    in any discussions or negotiations regarding an Acquisition Proposal;
	 	 	 
	 	iii.	accept
    or enter into, or propose publicly to accept or enter into, any agreement, letter of intent, memorandum of understanding or
    any arrangement in respect of an Acquisition Proposal; and
	 	 	 
	 	iv.	otherwise
    cooperate in any way, assist or participate in, facilitate or encourage any effort or attempt by any person to do any of the
    foregoing.
	 	 	 
	 	v.	Brands
    shall not solicit funds in any secured or unsecured debt form resulting in a change in the company’s financials unless
    NVOS is made aware of such solicitation in writing.

 

	 	10.	Binding
    Effect: The consummation of the Transaction is subject to the entry of the Definitive Agreement and, except for this Section
    10 and Section 6 (Confidentiality), Section 7 (Disclosure), Section 8 (Costs), Section 9 (Exclusivity), Section 11 (Termination)
    and Section 12 (Governing Laws) that are intended to create binding obligations, it is understood that no legal obligation
    or liability will be created by this letter of intent as against the parties. The Definitive Agreement is subject to the board
    approval of each of the parties.
	 	 	 
	 	11.	Termination:
    If the Definitive Agreement is not negotiated and executed by both parties on or before the Termination Date, or such
    other date as agreed to by the parties in writing, the terms of this LOI will be of no further force or effect except for
    Section 6
	 	 	(Confidentiality),
    Section 8 (Costs) and Section 12 (Governing Laws), which sections will remain in effect for a period of one (1) year following
    the date this LOI is terminated.

 

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	 	12.	Governing
    Laws: This Letter of Intent will be governed by and be construed in accordance with the laws of the Province of Ontario
    and the federal laws of Canada applicable therein. The parties agree that any dispute arising out of or relating to this LOI
    shall be subject to the exclusive jurisdiction of the courts in and for the Province of Ontario and each party agrees to submit
    to the personal and exclusive jurisdiction and venue of such courts. Governing law and jurisdiction regarding the Definitive
    Agreement shall be negotiated between and agreed to by the parties and set out in the Definitive Agreement.

 

If
the terms outlined above are acceptable, please sign and date this Letter of Intent in the space provided below and return a signed
copy to the undersigned.

 

	Very
    truly yours,	 
	/s/
    Chris David	 
	President	 

 

	Acknowledged
    and Accepted	 	 
	 	 	 
	/s/
    Chris David	 	December
    26, 2017
	Chris
    David, President	 	Date
	Novo
    Integrated Sciences Inc.	 	 
	 	 	 
	Acknowledged
    and Accepted:	 	 
	 	 	 
	/s/
    Mark Rubinoff	 	December
    21, 2017
	Mark
    Rubinoff, CEO Date	 	 
	Brands
    International Corporation	 	 

 

    	 	 	P a g e |6REDSTONE
LITERARY AGENTS, INC.

 

PRIVATE
PLACEMENT SUBSCRIPTION AGREEMENT

 

The
undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from RedStone Literary
Agents, Inc. (the “Company”) an unsecured convertible note (the “Note”) in the principal
amount of $50,000 (the “Principal Amount”). The Subscriber agrees to be bound by the terms and conditions set
forth in the attached “Terms and Conditions of Subscription for Convertible Note”.

 

	Subscriber
    Information
	 
	Oceanside
    Strategies Inc.
	(Name
    of Subscriber)
	 
	X
    /s/ Dain Currie
	(Signature
    of Authorized Signatory)
	 
	Dain
    Currie
	(Name
    and Title of Authorized Signatory – if the Subscriber is not an Individual)
	 
	 
	(SIN,
    SSN, or other Tax Identification Number of the Subscriber)
	 
	10
    Market Street, Suite 688, Camana Bay, Cayman Islands, KY1-9006
	(Subscriber’s
    Address, including city and province or state of residence)
	 
	 
	(Telephone
    Number)                                                          (Email Address)
	 
	Register
    the Note as set forth below:
	 
	Same
    as above
	(Name
    to Appear on Note Certificate)
	 
	(Address)
	 
	 

 

The
Company hereby accepts the subscription as set forth above on the terms and conditions contained in this Subscription Agreement
as of 30th day of December, 2016 (the “Closing Date”).

 

	REDSTONE
    LITERARY AGENTS, INC.	 
	 	 	 
	Per:	/s/
    Jimmy Geiskopf	 
	 	Authorized
    Signatory	 

 

	Address:
    	3250
    Oakland Hills Court
	 	Fairfield,
    CA 94534
	 	 
	Email:	jgeiskopf@aol.com
    

 

    	 	 	 

    	 	 	 

    

 

TERMS
AND CONDITIONS OF SUBSCRIPTION FOR CONVERTIBLE NOTE

 

	1.	Subscription

 

1.1       On
the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Subscriber hereby
irrevocably subscribes for and agrees to purchase an unsecured convertible note in the principal amount of $50,000 (the “Note”)
from the Company (such subscription and agreement to purchase being, this “Subscription”) for the Principal
Amount, and the Company agrees to sell the Note to the Subscriber.

 

1.2       The
Note will bear interest at a rate of 18.0% per annum, compounded annually, which will be payable on the earlier of: (a) the maturity
date of the Note, which will be five years from the date of issuance, (b) the conversion of any principal amount of the Note,
and (c) the date that all amounts owing under the Note are prepaid by the Company as provided in the Note. The Note will be convertible
into shares of common stock in the capital of the Issuer (each, a “Share”) on the terms set out in the Note.
The Note and the Shares are referred to herein as the “Securities”.

 

	2.	Payment

 

2.1       The
Parties agree that the Subscription Amount shall be paid by the payment of $50,000 as at the Closing (the “Cash Consideration”).

 

	3.	Documents
                                         Required from the Subscriber

 

3.1       The
Subscriber must complete, sign and return to the Company an executed copy of this Agreement and any additional documents, questionnaires,
notices and undertakings as may be required by any regulatory authorities and applicable law.

 

3.2       Both
parties to this Agreement acknowledge and agree that Clark Wilson has acted as counsel only to the Company and is not protecting
the rights and interests of the Subscriber. The Subscriber acknowledges and agrees that the Company and Clark Wilson have given
the Subscriber the opportunity to seek, and have recommended that the Subscriber obtain, independent legal advice with respect
to the subject matter of this Agreement and, further, the Subscriber hereby represents and warrants to the Company and Clark Wilson
that the Subscriber has sought independent legal advice or waives such advice.

 

	4.	Conditions
                                         and Closing

 

4.1       The
Closing is conditional upon the issue and sale of the Note being exempt from the requirement to file a prospectus and the requirement
to deliver an offering memorandum under applicable securities laws relating to the sale of the Note, or the Company having received
such orders, consents or approvals as may be required to permit such sale without the requirement to file a prospectus or deliver
an offering memorandum.

 

    	 	 	 

    	 	 	 

    

 

4.2       The
Subscriber acknowledges that the certificate representing the Note will be available for delivery upon the Closing, provided that
the Subscriber has satisfied the requirements of Section 3 hereof and the Company has accepted this Agreement.

 

	5.	Acknowledgements
                                         and Agreements of Subscriber

 

5.1       The
Subscriber acknowledges and agrees that:

 

	 	(a)	the
    Securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the
    “1933 Act”), or under any state securities or “blue sky” laws of any state of the United States,
    and, unless so registered, may not be offered or sold in the United States or, directly or indirectly, to U.S. Persons, as
    that term is defined in Regulation S under the 1933 Act (“Regulation S”), except in accordance with the
    provisions of Regulation S, pursuant to an effective registration statement under the 1933 Act, or pursuant to an exemption
    from, or in a transaction not subject to, the registration requirements of the 1933 Act and in each case only in accordance
    with applicable securities laws;
	 	 	 
	 	(b)	the
    Company has not undertaken, and will have no obligation, to register any of the Securities under the 1933 Act or any other
    securities laws;
	 	 	 
	 	(c)	the
    Subscriber understands and agrees that offers and sales of any of the Securities prior to the expiration of the period specified
    in Regulation S (such period hereinafter referred to as the “Distribution Compliance Period”) shall only
    be made in compliance with the safe harbor provisions set forth in Regulation S, pursuant to the registration provisions of
    the 1933 Act or an exemption therefrom, and that all offers and sales after the Distribution Compliance Period shall be made
    only in compliance with the registration provisions of the 1933 Act or an exemption therefrom and in each case only in accordance
    with applicable securities laws; 
	 	 	 
	 	(d)	the
    statutory and regulatory basis for the exemption claimed for the sale of the Securities, although in technical compliance
    with Regulation S, would not be available if the offering is part of a plan or scheme to evade the registration provisions
    of the 1933 Act or any applicable securities laws;
	 	 	 
	 	(e)	the
    decision to acquire the Securities will not be based upon any oral or written representation as to fact or otherwise made
    by or on behalf of the Company and such decision will be based entirely upon a review of any public information (the “Public
    Record”) which has been filed by the Company with the United States Securities and Exchange Commission (the “SEC”);
	 	 	 
	 	(f)	the
    Company may complete additional financings in the future in order to develop the business of the Company and fund its ongoing
    development, and such future financings may have a dilutive effect on the Subscriber but there is no assurance that such financing
    will be available, on reasonable terms or at all, and if not available, the Company may be unable to fund its ongoing development;
	 	 	 
	 	(g)	there
    are risks associated with an investment in the Securities;

 

    	 	 	 

    	 	 	 

    

 

	 	(h)	the
    Subscriber and the Subscriber’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers
    from the Company in connection with the distribution of the Securities hereunder, and to obtain additional information, to
    the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of the information
    about the Company;
	 	 	 
	 	(i)	a
    portion of the Offering may be sold pursuant to an agreement between the Company and one or more agent or agents registered
    in accordance with applicable securities laws, in which case the Company will pay a fee and/or compensation securities on
    commercially reasonable terms. In addition, a finder’s fee may be payable by the Company to finders who introduce purchasers
    to the Company if such persons’ subscription agreements are accepted by the Company;
	 	 	 
	 	(j)	the
    books and records of the Company were available upon reasonable notice for inspection, subject to certain confidentiality
    restrictions, by the Subscriber during reasonable business hours at its principal place of business, and all documents, records
    and books in connection with the distribution of the Securities hereunder have been made available for inspection by the Subscriber,
    the Subscriber’s lawyer and/or advisor(s);
	 	 	 
	 	(k)	all
    of the information which the Subscriber has provided to the Company is correct and complete as of the date this Agreement
    is signed, and if there should be any change in such information prior to this Agreement being executed by the Company, the
    Subscriber will immediately provide the Company with such information;
	 	 	 
	 	(l)	the
    Company is entitled to rely on the representations and warranties of the Subscriber contained in this Agreement, and the Subscriber
    will hold harmless the Company from any loss or damage it or they may suffer as a result of the Subscriber’s failure
    to correctly complete this Agreement;
	 	 	 
	 	(m)	the
    Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents,
    advisors and shareholders, from and against any and all loss, liability, claim, damage and expense whatsoever (including,
    but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending
    against any claim, lawsuit, administrative proceeding or investigation whether commenced or threatened) arising out of or
    based upon any representation or warranty of the Subscriber contained in this Agreement or in any document furnished by the
    Subscriber to the Company in connection herewith being untrue in any material respect or any breach or failure by the Subscriber
    to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith;
	 	 	 
	 	(n)	the
    Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors with respect to the merits
    and risks of an investment in the Securities and with respect to applicable resale restrictions, and it is solely responsible
    (and the Company is not in any way responsible) for compliance with:

 

	 	(i)	any
    applicable laws of the jurisdiction in which the Subscriber is resident in connection with the distribution of the Securities
    hereunder, and
	 	 	 
	 	(ii)	applicable
    resale restrictions; 

 

    	 	 	 

    	 	 	 

    

 

	 	(o)	the
    Company will refuse to register the transfer of any of the Securities not made in accordance with the provisions of Regulation
    S, pursuant to an effective registration statement under the 1933 Act or pursuant to an available exemption from the registration
    requirements of the 1933 Act and in each case in accordance with applicable securities laws;
	 	 	 
	 	(p)	the
    Subscriber consents to the placement of a legend or legends on any certificate or other document evidencing any of the Securities
    setting forth or referring to the restrictions on transferability and sale thereof contained in this Agreement, with such
    legend(s) to be substantially as follows:

 

THE
SECURITIES REPRESENTED HEREBY AND, IF APPLICABLE, THE SECURITIES INTO WHICH THE SECURITIES REPRESENTED HEREBY ARE CONVERTIBLE,
WERE ISSUED IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES TO WHICH
THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES (AS DEFINED HEREIN) OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT. “UNITED STATES”
AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

	 	(q)	the
    Company has advised the Subscriber that the Company is relying on an exemption from the requirements to provide the Subscriber
    with a prospectus to issue the Securities and, as a consequence of acquiring the Securities pursuant to such exemption, certain
    protections, rights and remedies provided by the applicable securities laws including statutory rights of rescission or damages,
    will not be available to the Subscriber;
	 	 	 
	 	(r)	no
    securities commission or similar regulatory authority has reviewed or passed on the merits of any of the Securities; 
	 	 	 
	 	(s)	there
    is no government or other insurance covering any of the Securities;
	 	 	 
	 	(t)	by
    execution hereof, the Subscriber has waived the need for the Company to communicate its acceptance of the purchase of the
    Securities pursuant to this Agreement; and
	 	 	 
	 	(u)	this
    Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges
    and agrees that the Company reserves the right to reject any Subscription for any reason whatsoever.

 

    	 	 	 

    	 	 	 

    

 

	6.	Representations,
                                         Warranties and Covenants of the Subscriber

 

6.1       The
Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall
survive the Closing) that:

 

	 	(a)	the
    Subscriber is not resident in the United States or Canada and:

 

	 	(i)	the
    Subscriber is knowledgeable of, or has been independently advised as to, the applicable securities laws of the securities
    regulators having application in the jurisdiction in which the Subscriber is resident (the “International Jurisdiction”)
    which would apply to the acquisition of the Securities,
	 	 	 
	 	(ii)	the
    Subscriber is purchasing the Securities pursuant to exemptions from prospectus or equivalent requirements under applicable
    securities laws or, if such is not applicable, the Subscriber is permitted to purchase the Securities under the applicable
    securities laws of the securities regulators in the International Jurisdiction without the need to rely on any exemptions,
	 	 	 
	 	(iii)	the
    applicable securities laws of the authorities in the International Jurisdiction do not require the Company to make any filings
    or seek any approvals of any kind whatsoever from any securities regulator of any kind whatsoever in the International Jurisdiction
    in connection with the issue and sale or resale of any of the Securities,
	 	 	 
	 	(iv)	the
    purchase of the Securities by the Subscriber does not trigger:

 

	 	A.	any
    obligation to prepare and file a prospectus or similar document, or any other report with respect to such purchase in the
    International Jurisdiction, or
	 	 	 
	 	B.	any
    continuous disclosure reporting obligation of the Company in the International Jurisdiction, and

 

	 	(v)	the
    Subscriber will, if requested by the Company, deliver to the Company a certificate or opinion of local counsel from the International
    Jurisdiction which will confirm the matters referred to in subparagraphs (ii), (iii) and (iv) above to the satisfaction of
    the Company, acting reasonably;

 

	 	(b)	the
    Subscriber is not a “U.S. Person” as such term is defined by Rule 902 of Regulation S (the definition of which
    includes, but is not limited to, an individual resident in the United States and an estate or trust of which any executor
    or administrator or trust, respectively is a U.S. Person and any partnership or corporation organized or incorporated under
    the laws of the United States);
	 	 	 
	 	(c)	the
    Subscriber shall not engage in any hedging transactions involving any of the Securities unless such transactions are in compliance
    with the provisions of the 1933 Act and in each case only in accordance with applicable securities laws;
	 	 	 
	 	(d)	the
    Subscriber is acquiring the Securities for investment only and not with a view to resale or distribution and, in particular,
    it has no intention to distribute either directly or indirectly any of the Securities in the United States or to U.S. Persons;

 

    	 	 	 

    	 	 	 

    

 

	 	(e)	the
    Subscriber has not acquired the Securities as a result of, and will not itself engage in, any directed selling efforts (as
    defined in Regulation S) in the United States in respect of the Securities which would include any activities undertaken for
    the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for
    the resale of any of the Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities
    pursuant to registration thereof under the 1933 Act and any applicable securities laws or under an exemption from such registration
    requirements;
	 	 	 
	 	(f)	the
    Subscriber is outside the United States when receiving and executing this Agreement and is acquiring the Securities as principal
    for the Subscriber’s own account, for investment purposes only, and not with a view to, or for, resale, distribution
    or fractionalization thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in the
    Securities; 
	 	 	 
	 	(g)	the
    sale of the Securities to the Subscriber as contemplated by the delivery of this Agreement, the acceptance of it by the Company
    and the issuance of the Securities to the Subscriber complies with all applicable laws of the Subscriber’s jurisdiction
    of residence or domicile and will not cause the Company to become subject to or comply with any disclosure, prospectus or
    reporting requirements under any such applicable laws;
	 	 	 
	 	(h)	the
    Subscriber has the legal capacity and competence to enter into and execute this Agreement and to take all actions required
    pursuant hereto and, if the Subscriber is a corporate entity, it is duly incorporated and validly subsisting under the laws
    of its jurisdiction of incorporation and all necessary approvals by its directors, shareholders and others have been obtained
    to authorize execution and performance of this Agreement on behalf of the Subscriber;
	 	 	 
	 	(i)	the
    entering into of this Agreement and the transactions contemplated hereby do not result in the violation of any of the terms
    and provisions of any law applicable to, or the constating documents of, the Subscriber or of any agreement, written or oral,
    to which the Subscriber may be a party or by which the Subscriber is or may be bound;
	 	 	 
	 	(j)	the
    Subscriber has duly executed and delivered this Agreement and it constitutes a valid and binding agreement of the Subscriber
    enforceable against the Subscriber;
	 	 	 
	 	(k)	the
    Subscriber has received and carefully read this Agreement;
	 	 	 
	 	(l)	the
    Subscriber is aware that an investment in the Company is speculative and involves certain risks (including those risks disclosed
    in the Public Record), including the possible loss of the entire investment;
	 	 	 
	 	(m)	the
    Subscriber has made an independent examination and investigation of an investment in the Securities and the Company and has
    depended on the advice of its legal and financial advisors and agrees that the Company will not be responsible in any way
    whatsoever for the Subscriber’s decision to invest in the Securities and the Company;
	 	 	 
	 	(n)	the
    Subscriber (i) has adequate net worth and means of providing for its current financial needs and possible personal contingencies,
    (ii) has no need for liquidity in this investment, and (iii) is able to bear the economic risks of an investment in the Securities
    for an indefinite period of time;

 

    	 	 	 

    	 	 	 

    

 

	 	(o)	the
    Subscriber (i) is able to fend for him/her/itself in the Subscription; (ii) has such knowledge and experience in business
    matters as to be capable of evaluating the merits and risks of its prospective investment in the Securities; and (iii) can
    afford the complete loss of this investment;
	 	 	 
	 	(p)	the
    Subscriber understands and agrees that the Company and others will rely upon the truth and accuracy of the acknowledgements,
    representations, warranties, covenants and agreements contained in this Agreement and agrees that if any of such acknowledgements,
    representations and agreements are no longer accurate or have been breached, the Subscriber shall promptly notify the Company;
	 	 	 
	 	(q)	the
    Subscriber is not an underwriter of, or dealer in, the Securities, nor is the Subscriber participating, pursuant to a contractual
    agreement or otherwise, in the distribution of the Securities;
	 	 	 
	 	(r)	the
    Subscriber understands and agrees that there may be material tax consequences to the Subscriber of an acquisition or disposition
    of the Securities. The Company gives no opinion and makes no representation with respect to the tax consequences to the Subscriber
    under federal, state, provincial, local or foreign tax law of the Subscriber’s acquisition or disposition of the Securities;
	 	 	 
	 	(s)	the
    Subscriber has a pre-existing, substantive relationship with the Company (or a person acting on its behalf) that is sufficient
    to enable the Company (or a person acting on its behalf) to be aware of the Subscriber’s financial circumstances or
    sophistication. This substantive relationship with the Company (or a person acting on its behalf) through which the Subscriber
    is subscribing the Securities predates the contact between the Company (or a person acting on its behalf) and the Subscriber
    regarding an investment in the Securities;
	 	 	 
	 	(t)	the
    Subscriber is not aware of any advertisement of any of the Securities and is not acquiring the Securities as a result of any
    form of general solicitation or general advertising, including advertisements, articles, notices or other communications published
    in any newspaper, magazine or similar media, or broadcast over radio or television, or any seminar or meeting whose attendees
    have been invited by general solicitation or general advertising;
	 	 	 
	 	(u)	no
    person has made to the Subscriber any written or oral representations:

 

	 	(i)	that
    any person will resell or repurchase any of the Securities,
	 	 	 
	 	(ii)	that
    any person will refund the purchase price of any of the Securities, or
	 	 	 
	 	(iii)	as
    to the future price or value of any of the Securities, or
	 	 	 
	 	(iv)	that
    any of the Securities will be listed and posted for trading on any stock exchange or automated dealer quotation system or
    that application has been made to list and post any of the Securities on any stock exchange or automated dealer quotation
    system, except that certain market makers make market in the Company’s shares of common stock on the OTCQB market operated
    by the OTC Markets Group; and

 

    	 	 	 

    	 	 	 

    

 

	 	(v)	the
    Subscriber acknowledges and agrees that the Company shall not consider the Subscriber’s Subscription for acceptance
    unless the Subscriber provides to the Company, along with an executed copy of this Agreement, such other supporting documentation
    that the Company or its legal counsel may request to establish the Subscriber’s qualification as a qualified investor.

 

6.2       In
this Agreement, the term “U.S. Person” shall have the meaning ascribed thereto in Regulation S promulgated
under the 1933 Act and for the purpose of this Agreement includes any person in the United States.

 

	7.	Representations
and Warranties will be Relied Upon by the Company

 

7.1       The
Subscriber acknowledges that the representations and warranties contained herein are made by it with the intention that such representations
and warranties may be relied upon by the Company and its legal counsel in determining the Subscriber’s eligibility to purchase
the Securities under applicable securities laws, or (if applicable) the eligibility of others on whose behalf it is contracting
hereunder to purchase the Securities under applicable securities laws. The Subscriber further agrees that by accepting delivery
of the certificate representing the Note, it will be representing and warranting that the representations and warranties contained
herein are true and correct as at the Closing Date with the same force and effect as if they had been made by the Subscriber on
the Closing Date and that they will survive the purchase by the Subscriber of the Securities and will continue in full force and
effect notwithstanding any subsequent disposition by the Subscriber of such Securities.

 

	8.	Resale
Restrictions

 

8.1       The
Subscriber acknowledges that any resale of the Securities will be subject to resale restrictions contained in or required by the
securities laws applicable to the Subscriber or proposed transferee.

 

8.2       The
Subscriber acknowledges that the Securities may be subject to an indefinite “hold period” under the applicable securities
laws and that the Subscriber will not be able to resell the Securities until expiration of the applicable “hold period”
except in accordance with limited exemptions under applicable securities laws.

 

	9.	Legending
                                         and Registration of Subject Securities

 

9.1       The
Subscriber hereby acknowledges that a legend may be placed on the certificates representing the Securities to the effect that
the securities represented by such certificates are subject to a hold period and may not be traded until the expiry of such hold
period except as permitted by applicable securities laws.

 

9.2The
Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar
and transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Agreement.

 

	10.	Waiver

 

10.1       The
Subscriber hereby waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages
to which the Subscriber might be entitled in connection with the distribution of any of the Securities.

 

    	 	 	 

    	 	 	 

    

 

	11.	Collection
of Personal Information

 

11.1       The
Subscriber acknowledges and consents to the fact that the Company is collecting the Subscriber’s personal information for
the purpose of fulfilling this Agreement and completing the Offering. The Subscriber’s personal information (and, if applicable,
the personal information of those on whose behalf the Subscriber is contracting hereunder) may be disclosed by the Company to
(a) stock exchanges or securities regulatory authorities, (b) the Company’s registrar and transfer agent, (c) tax authorities
and any other governmental authorities and (d) any of the other parties involved in the Offering, including legal counsel, and
may be included in record books in connection with the Offering. By executing this Agreement, the Subscriber is deemed to be consenting
to the collection, use and disclosure of the Subscriber’s personal information (and, if applicable, the personal information
of those on whose behalf the Subscriber is contracting hereunder) for the foregoing purposes, and to the retention of such personal
information for as long as permitted or required by law or business practice. Notwithstanding that the Subscriber may be purchasing
the Note as agent on behalf of an undisclosed principal, the Subscriber agrees to provide, on request, particulars as to the identity
of such undisclosed principal as may be required by the Company in order to comply with the foregoing.

 

		12.	Costs

 

12.1       The
Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements
of any special counsel retained by the Subscriber) relating to the purchase of the Note shall be borne by the Subscriber.

 

		13.	Execution
                                         of Subscription Agreement 

 

13.1       The
Company shall be entitled to rely on delivery by facsimile machine or e-mail of an executed copy of this Agreement, and acceptance
by the Company of such facsimile or e-mail copy shall be equally effective to create a valid and binding agreement between the
Subscriber and the Company in accordance with the terms hereof. If less than a complete copy of this Agreement is delivered to
the Company at Closing, the Company and its counsel are entitled to assume that the Subscriber accepts and agrees to all of the
terms and conditions of the pages not delivered at Closing unaltered. This Agreement may be executed in two or more counterparts,
each of which shall be deemed to be an original and all of which together shall constitute one and the same Agreement.

 

13.2       The
Subscriber hereby authorizes the Company to correct any minor errors in, or complete any minor information missing from any part
of this Agreement and any other acknowledgements, provisions, forms, certificates or documents executed by the Subscriber and
delivered to the Company in connection with the Subscription.

 

		14.	Currency

 

14.1       Unless
otherwise provided, all dollar amounts referred to in this Agreement are in lawful money of the United States.

 

		15.	Governing
                                         Law

 

15.1       This
Agreement is governed by the laws of the State of Nevada and the federal laws of the United States applicable therein. The Subscriber,
in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it is acting, irrevocably
attorns to the jurisdiction of the courts of the State of Nevada.

 

    	 	 	 

    	 	 	 

    

 

		16.	Survival

 

16.1       This
Agreement, including, without limitation, the representations, warranties and covenants contained herein, shall survive and continue
in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the Note by
the Subscriber pursuant hereto.

 

		17.	Assignment

 

17.1       This
Agreement is not transferable or assignable.

 

		18.	Severability

 

18.1       The
invalidity or unenforceability of any particular provision of this Agreement shall not affect or limit the validity or enforceability
of the remaining provisions of this Agreement.

 

		19.	Entire
                                         Agreement

 

19.1       Except
as expressly provided in this Agreement and in the agreements, instruments and other documents contemplated or provided for herein,
this Agreement contains the entire agreement between the parties with respect to the sale of the Note, and there are no other
terms, conditions, representations or warranties, whether expressed, implied, oral or written, by statute or common law, by the
Company or by anyone else.

 

		20.	Notices

 

20.1       All
notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted
by any standard form of telecommunication. Notices to the Subscriber shall be directed to the respective addresses of the Parties
as set out on the first page of this Agreement.

 

	21.	Counterparts
and Electronic Means

 

21.1       This
Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall constitute an original
and all of which together shall constitute one instrument. Delivery of an executed copy of this Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and
delivery of this Agreement as of the date hereinafter set forth.

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