Document:

Exhibit 10.1

 

EXCHANGE AGREEMENT

 

THIS EXCHANGE AGREEMENT
(“Agreement”) is entered into as of July 31, 2017, by and between CloudCommerce, Inc., a Nevada corporation (the “Company”),
and Bountiful Capital, LLC, a Nevada limited liability company, (the “Investor”), with respect to the following facts:

 

R E C I T A L S

 

A.       The
Company entered into loan transactions with the Investor in the aggregate principal amount of $1,442,500, as described below,
which were evidenced by certain promissory Notes (the “Notes”), copies of which are attached hereto as Exhibit A.

 

	Effective Date	 	Annual Interest	 	 	Outstanding Principal Balance	 
	January 12, 2016	 	 	0	%	 	$	100,000	 
	April 18, 2016	 	 	5	%	 	$	500,000	 
	October 3, 2016	 	 	5	%	 	$	500,000	 
	May 16, 2017	 	 	5	%	 	$	38,000	 
	May 30, 2017	 	 	5	%	 	$	46,000	 
	June 14, 2017	 	 	5	%	 	$	26,000	 
	June 29, 2017	 	 	5	%	 	$	23,500	 
	July 10, 2017	 	 	5	%	 	$	105,000	 
	July 14, 2017	 	 	5	%	 	$	50,500	 
	July 30, 2017	 	 	5	%	 	$	53,500	 
	 	 	 	 	 	 	$	1,442,500	 

 

B.       The
Investor desires to waive the unpaid interest and tender the Notes to the Company for cancellation, including all outstanding principal,
in exchange for the issuance by the Company to Investor of 14,425 shares of the Company’s Series C Preferred Stock
(the “Shares”).

 

C.       The
Company desires to issue the Shares to the Investor in exchange for the cancellation of the Notes.

 

D.       The
closing of the transactions contemplated by this Agreement (the “Closing”) will be deemed to have occurred upon the
completion of the deliveries by each Party to this Agreement described in Section 2 of this Agreement.

 

NOW, THEREFORE,
for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged by the parties to this Agreement,
and in light of the recitals stated above, the parties to this Agreement hereby agree as follows:

 

    

     

    

 

Section 1.EXCHANGE OF NOTES FOR
SHARES

 

The Investor agrees
to tender the Notes to the Company for cancellation in exchange for which the Company agrees to issue 14,425 Shares of the
Company’s Series C Preferred Stock to the Investor. The Investor agrees that upon delivery of the Shares to the Investor,
the Notes shall be deemed fully paid and satisfied, null and void and no interest, fees or principal shall be due thereon. In the
event the Notes are lost or destroyed, the Investor hereby warrants that the Notes are lost or destroyed and agrees to immediately
surrender to the Company said Notes should it later be found and the Investor shall provide the Company with an affidavit of loss
of said Notes. The Investor hereby agrees to indemnify and hold harmless the Company and its affiliates against all liability,
costs, damages, claims or expenses which may be incurred by any of them as a result of any claim to ownership of the lost Notes
asserted by the Investor or by anyone other than Investor.

 

Section 2.DELIVERIES

 

2.1       The
Company. The Company will or will cause its transfer agent to a deliver certificate evidencing the Shares issuable to the Investor
within five (5) business days after delivery of the Notes or an affidavit that said Notes are lost by the Investor to the Company.

 

2.2       The
Investor. The Investor will deliver the Notes or an affidavit that said Notes are lost upon the execution of this Agreement.
The Investor also agrees to deliver any other document reasonably requested by the Company that it deems necessary for the consummation
of the transactions contemplated by this Agreement.

 

Section 3.EQUITABLE
Relief.

 

3.1       Damages
Inadequate. Each party acknowledges that it would be impossible to measure in money the damages to the other party if there
is a failure to comply with any covenants or provisions of this Agreement, and agrees that in the event of any breach of any covenant
or provision, the other party to this Agreement will not have an adequate remedy at law.

 

3.2        Equitable
Relief. It is therefore agreed that the other party to this Agreement who is entitled to the benefit of the covenants or provisions
of this Agreement which have been breached, in addition to any other rights or remedies which they may have, shall be entitled
to immediate equitable relief to enforce such covenants and provisions, and that in the event that any such action or proceeding
is brought in equity to enforce them, the defaulting or breaching party will not urge a defense that there is an adequate remedy
at law.

 

Section 4.Investor Representation
and Warranty

 

4.1       Investor’s
Representations and Warranties. As a material inducement to the Company to enter into this Agreement and consummate the exchange,
Investor represents warrants and covenants with and to the Company as follows:

 

		i.	Authorization and Binding Obligation. The Investor has the requisite legal capacity, power
and authority to enter into, and perform under, this Agreement, including with respect to canceling the note and receiving the
Shares. The execution, delivery and performance of this Agreement and performance by such Investor and the consummation by such
Investor of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate, partnership
or similar action on the part of such Investor and no further consent or authorization is required. This Agreement has been duly
authorized, executed and delivered by the Investor. This Agreement has been duly executed and delivered by the Investor, and constitute
the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with their respective
terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors' rights and
remedies and except as rights to indemnification and to contribution may be limited by federal or state securities laws.

 

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		ii.	Beneficial Owner. With respect to the Note (i) the Investor owns, beneficially and of record,
good and marketable title to the Note, free and clear of any taxes or encumbrances; (ii) the Note is not subject to any transfer
restriction, other than the restriction that the Note not been registered under the Securities Act of 1933, as amended (the “1933
Act”) and, therefore, cannot be resold unless registered under the 1933 Act or in a transaction exempt from or not subject
to the registration requirements of the 1933 Act; (iii) the Note has not entered into any agreement or understanding with any person
or entity to dispose of the Note; and (iv) at the Closing, the Investor will convey to the Company good and marketable title to
the Note, free and clear of any security interests, liens, adverse claims, encumbrances, taxes or encumbrances.

 

		iii.	Accredited Investor. Such Investor is an accredited investor as defined in Rule 501(a) of
Regulation D, as amended, under the 1933 Act.

 

		iv.	Purchase Entirely for Own Account. The Shares to be received by the Investor hereunder will
be acquired for such Investor’s own account, not as nominee or agent, and not with a view to the resale or distribution of
any part thereof in violation of the 1933 Act, and such Investor has no present intention of selling, granting any participation
in, or otherwise distributing the same in violation of the 1933 Act without prejudice, however, to such Investor’s right
at all times to sell or otherwise dispose of all or any part of such Shares in compliance with applicable federal and state securities
laws. Nothing contained herein shall be deemed a representation or warranty by such Investor to hold the Shares for any
period of time. The Investor is not a broker-dealer registered with the SEC under the Securities Exchange Act of 1934, as amended
(the “1934 Act”) or an entity engaged in a business that would require it to be so registered.

 

		v.	Disclosure of Information. Such Investor has had an opportunity to receive all information
related to the Company requested by it and to ask questions of and receive answers from the Company regarding the Company, its
business and the terms and conditions of the offering of the Shares. Such Investor acknowledges receipt of copies of the Company’s
most recent Annual Report on Form 10-K for its last fiscal year and all other reports filed by the Company pursuant to the 1934
Act since the filing of the 10-K and prior to the date hereof.

 

		vi.	Proceedings. No proceedings relating to the Note is pending or, to the knowledge of the
Investor, threatened before any court, arbitrator or administrative or governmental body that would adversely affect the Investor’s
right and ability to surrender and exchange the Note.

 

		vii.	Tax Consequences. The Investor acknowledges that the contents this Agreement do not contain
tax advice and Investor acknowledges that it has not relied and will not rely upon the Company with respect to any tax consequences
related to the exchange of the Note and receipt of the Shares. The Investor assumes full responsibility for all such consequences
and for the preparation and filing of any tax returns and elections which may or must be filed in connection with such Note and/or
the exchange of the Note for the Shares.

 

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		viii.	Reliance on Exemptions. The Investor understands that the Shares are being offered and exchanged
in reliance on specific exemptions from the registration requirements of United States federal and state securities laws and that
the Company is relying in part upon the truth and accuracy of, and the Investor’s compliance with, the representations, warranties,
agreements, acknowledgments and understandings of the Investor set forth herein and in order to determine the availability of such
exemptions and the eligibility of the Investor to acquire the Securities.

 

		ix.	Neither the Investor
nor its agent or representative has engaged any broker or finder or incurred any liability for any brokerage fees, commissions
or finders’ fees in connection with the Transactions contemplated herein.

 

Section 5.MISCELLANEOUS

 

5.1       Further
Assurances. The parties to this Agreement hereby agree to execute any other documents and take any further actions, which are
reasonably necessary or appropriate in order to implement the transactions contemplated by this Agreement.

 

5.2       Counterparts.
This Agreement may be executed in several counterparts, each of which shall constitute an original and all of which, when taken
together, shall constitute one agreement.

 

5.3       Governing
Law. This Agreement shall be construed in accordance with, and governed in all respects by, the laws of the State of Nevada.
The federal and state courts located in Clark County, Nevada shall have sole and exclusive subject matter jurisdiction over this
Agreement and the parties expressly consent to personal jurisdiction in Nevada for the purpose of resolving any dispute related
to the making or interpretation of this Agreement.

 

5.4       Successors
and Assigns. This Agreement shall be binding upon the parties hereto and their respective heirs, successors and assigns, if
any, and shall inure to the benefit of the parties hereto and their respective heirs, successors and assigns, if any.

 

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5.5       Legends.
The Investor understands that the Shares are characterized as “restricted securities” under the 1933 Act. The Investor
further acknowledges that if the Shares are issued to the Investor in accordance with the provisions of this Agreement, such Shares
may not be resold without registration under the Securities Act or the existence of an exemption therefrom. The Investor represents
that it is familiar with Rule 144 promulgated under the 1933 Act, as presently in effect, and understands the resale limitations
imposed thereby and by the 1933 Act. Investor acknowledges that the certificate(s) representing the Debentures shall each conspicuously
set forth on the face or back thereof a legend in substantially the following form:

 

THIS SECURITY HAS
NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL
BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED
BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)
UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

and any legend required by the “blue
sky” laws of any state to the extent such laws are applicable to the securities represented by the certificates with such
legend.

 

5.6       Severability.
The provisions of this Agreement are severable and in the event that one or more of its provisions are deemed to be unenforceable
or invalid for any reason, such finding will not affect the enforceability or validity of any other provision of this Agreement,
which shall remain in full force and effect.

 

5.7       Public
Disclosure. The Company and the Investor agree not to issue any public statement with respect to the Investor’s investment
or proposed investment in the Company or the terms of any agreement or covenant without the other party’s prior written consent,
except such disclosures as may be required under applicable law or under any applicable order, rule or regulation.

 

5.8       Waiver.
No failure or delay on the part of either party hereto 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 any other or further
exercise thereof or of any other power, right or privilege.

 

5.09        Entire
Agreement. This Agreement sets forth the entire understanding of the parties hereto and supersedes all prior agreements and
understandings between the parties relating to the subject matter hereof.

 

5.10        Parties
in Interest. None of the provisions of this Agreement or of any other document relating hereto is intended to provide any rights
or remedies to any person (including, without limitation, any employees or creditors of the Company) other than the parties hereto
and their respective heirs, successors and assigns, if any.

 

5.11       Authorized
Signatures. Each party to this Agreement hereby represents that the persons signing below are duly authorized to execute this
Agreement on behalf of their respective party.

 

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed as of the date first above written.

 

 

	COMPANY:	CLOUDCOMMERCE, INC.
	 	 	 
	 	By:	/s/ Andrew VanNoy
	 	 	Andrew Van Noy, Chief Executive Officer
	 	 	 
	INVESTOR:	BOUNTIFUL CAPITAL, LLC
	 	 	 
	 	By:	/s/ Greg Boden
	 	 	Greg Boden, President
	 	 	 

 

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EXHIBIT A

 

NOTESExhibit 10.2

 

MANAGEMENT
SERVICES AGREEMENT

 

This MANAGEMENT Services
Agreement (the “Agreement”) is made as of the 1st of August 2017, by and between CloudCommerce, Inc., a Nevada corporation
(the “CloudCommerce” “) and Parscale Creative, Inc., a Nevada corporation (“Parscale Creative Creative”).

 

W I T N E S S E T H:

 

WHEREAS, CloudCommerce
together with its subsidiary provides advanced e-commerce services to leading brands and provides services that include: (1) development
of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing
and data analytics, (4) complete and secure site management, and (5) integration to physical stores;

 

WHEREAS, Parscale
Creative is a newly formed company engaged in the digital marketing business;

 

WHEREAS, Parscale
Creative has requested that CloudCommerce and CloudCommerce has agreed to provide management services to Parscale Creative; and

 

NOW, THEREFORE,
in consideration of of the foregoing and the mutual and dependent covenants hereinafter set forth, the parties agree as follows:

 

1. Appointment. Parscale Creative
hereby engages CloudCommerce, and CloudCommerce hereby agrees, upon the terms and subject to the conditions set forth herein, to
provide, or cause any of its Affiliates to provide, certain services to Parscale Creative, as described in Section 2.1 hereof.
For purposes of this Agreement, an “Affiliate” of any specified person is a person that directly, or indirectly through
one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified.

 

2. Services. 

 

(a) CloudCommerce
and its Affiliates and each of the persons individually designated to perform services for Parscale Creative on behalf of CloudCommerce
or its Affiliates, shall, during the term of this Agreement, report to Parscale Creative’s Board of Directors (the “Board”),
and shall perform such duties and functions as are customarily assigned to the position(s) to which such persons are assigned as
well as such other duties and responsibilities not inconsistent therewith as may be assigned to him from time to time by the Board.
CloudCommerce, and its Affiliates shall provide Parscale Creative with day-to-day strategic and operational management and advisory
services, as the Board may reasonably request from time to time (collectively the “Services”).

 

    	 		 

     

    

 

(b) Notwithstanding
anything in the foregoing to the contrary, the following services are specifically excluded from the definition of “Services”:

 

(i) accounting
services rendered to CloudCommerce or Parscale Creative by an independent accounting firm or accountant who is not an employee
of CloudCommerce; and

 

(ii) legal
services rendered to CloudCommerce or Parscale Creative by an independent law firm or attorney who is not an employee of CloudCommerce.

 

(c) CloudCommerce
and its Affiliates shall devote so much of their time to the activities of Parscale Creative as is necessary and appropriate to
perform the Services hereunder. CloudCommerce or any of its Affiliates, as applicable, shall perform the Services at the times
and places reasonably requested by the Board to meet the needs and requirements of Parscale Creative, taking into account other
engagements that CloudCommerce and its Affiliates may have.

 

3. Fees.

 

(a) In consideration
of the Services provided hereunder, CloudCommerce shall be paid a management service fee of Five Thousand Dollars ($5,000) per
month, (the “Management Service Fee”), payable three working days prior to the last business day of each calendar month.
The Management Service Fee shall at all times be subject to any changes that might have been incurred in the number of the natural
persons and/or any changes to the Services provided hereunder.

 

(b) In addition
to the payments required under Section 3(a) above, Parscale Creative shall, at the direction of CloudCommerce, pay directly or
reimburse CloudCommerce for Out-of-Pocket Expenses (as hereinafter defined). For purposes of this Agreement, the term “Out-of-Pocket
Expenses” shall mean the reasonable amounts incurred by CloudCommerce and/or its personnel from products and/or services
of unaffiliated third parties delivered to Parscale Creative or CloudCommerce and/or their respective personnel in connection with
the Services. All direct payments and reimbursements for Out-of-Pocket Expenses shall be made promptly upon or as soon as practicable
after presentation by CloudCommerce to Parscale Creative of a statement in reasonable detail in connection therewith.

 

4. Term.  The term of this Agreement
(the “Term”) shall be for an initial term of six (6) months; provided, however, that this Agreement and
Parscale Creative’s engagement of CloudCommerce hereunder may be terminated, or extended, at any time following the date
hereof upon mutual agreement of Parscale Creative and CloudCommerce. Notwithstanding anything in this Agreement to the contrary,
(a) the provisions of Section 8 shall survive the termination of this Agreement, and (b) no termination of this Agreement, whether
pursuant to this Section 4 or otherwise, will affect Parscale Creative’s duty to pay any fees accrued, or reimburse any cost
or expense incurred, pursuant to the terms of this Agreement prior to the effective date of that termination.

 

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5. Representations by CloudCommerce.
CloudCommerce represents and warrants the following:

 

(a) Capacity; Authority;
Validity. CloudCommerce has all necessary capacity, power and authority to enter into this Agreement and to perform all the
obligations to be performed by CloudCommerce hereunder; this Agreement and the consummation by CloudCommerce of the transactions
contemplated hereby has been duly and validly authorized by all necessary action of CloudCommerce; this Agreement has been duly
executed and delivered by CloudCommerce; and assuming the due execution and delivery of this Agreement by CloudCommerce, this Agreement
constitutes the legal, valid and binding obligation of CloudCommerce enforceable against CloudCommerce in accordance with its terms.

 

(b) No Violation
of Law or Agreement. Neither the execution and delivery of this Agreement by CloudCommerce, nor the consummation of the transactions
contemplated hereby by CloudCommerce, will violate any judgment, order, writ, decree, law, rule or regulation or agreement applicable
to CloudCommerce. CloudCommerce is not in breach of any agreement requiring the preservation of the confidentiality of any information,
client lists, trade secrets or other confidential information, and neither the execution of this Agreement nor the performance
by CloudCommerce of its obligations hereunder will conflict with, result in a breach of, or constitute a default under, any agreement
to which CloudCommerce is a party or to which CloudCommerce may be subject.

 

6. Representations by Parscale Creative.
Parscale Creative represents and warrants the following:

 

(a) Capacity; Authority; Validity.
Parscale Creative has all necessary capacity, power and authority to enter into this Agreement and to perform all the obligations
to be performed by Parscale Creative hereunder; this Agreement and the consummation by Parscale Creative of the transactions contemplated
hereby has been duly and validly authorized by all necessary action of Parscale Creative this Agreement has been duly executed
and delivered by Parscale Creative; and assuming the due execution and delivery of this Agreement by Parscale Creative, this Agreement
constitutes the legal, valid and binding obligation of Parscale Creative enforceable against Parscale Creative in accordance with
its terms.

 

(b) No Violation of Law or Agreement.
Neither the execution and delivery of this Agreement by Parscale Creative, nor the consummation of the transactions contemplated
hereby by Parscale Creative, will violate any judgment, order, writ, decree, law, rule or regulation or agreement applicable to
Parscale Creative. Parscale Creative is not in breach of any agreement requiring the preservation of the confidentiality of any
information, client lists, trade secrets or other confidential information or any agreement not to compete or interfere with any
prior employer, and that neither the execution of this Agreement nor the performance by Parscale Creative of its obligations hereunder
will conflict with, result in a breach of, or constitute a default under, any agreement to which Parscale Creative is a party or
to which Parscale Creative may be subject.

 

7. Confidentiality. Except as directed
in writing, CloudCommerce will not disclose or use at any time, either during the period of this Agreement or thereafter, any Confidential
Information (as defined below) of which it is or becomes aware, except to the extent required by applicable law or deemed reasonably
necessary by CloudCommerce in carrying out the Services. CloudCommerce will take all appropriate steps to safeguard any Confidential
Information, as defined herein, and to protect it against disclosure, misuse, espionage, loss and theft. As used in this Agreement,
the term “Confidential Information” means information relating to Parscale Creative’s business that is not generally
known to the public or that is used or developed by Parscale Creative including, without limitation, all products and services,
fees, costs and pricing structures, financial and trading information, accounting and business methods, analyses, reports, data
bases, computer software (including operating systems, applications and program listings), manuals and documentation, customers
and clients and customer and client lists, account files, travel agents and travel agent lists, charter contracts, salesmen and
salesmen lists, technology and trade secrets and all similar and related information in whatever form relating to the business
of Parscale Creative, provided however, that CloudCommerce may disclose or use Confidential Information at the direction of Parscale
Creative.

 

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8.
Indemnification. Parscale Creative shall indemnify and hold harmless CloudCommerce and each of its Related Parties,
as defined below, (each, an “Indemnified Party”) from and against any and all losses, claims, actions, damages and
liabilities, joint or several, to which such Indemnified Party may become subject under any applicable statute, law, ordinance,
regulation, rule, code, order, constitution, treaty, common law, judgment or decree, made by any third party or otherwise, relating
to or arising out of the Services or other matters referred to in or contemplated by this Agreement or the engagement of such
Indemnified Party pursuant to, and the performance by such Indemnified Party, of the Services or other matters referred to or
contemplated by this Agreement, and Parscale Creative will reimburse any Indemnified Party for all costs and expenses (including,
without limitation, reasonable attorneys’ fees and expenses) as they are incurred in connection with the investigation of,
preparation for or defense of any pending or threatening claim, or any action or proceeding arising therefrom, whether or not
such Indemnified Party is a party thereto. Parscale Creative will not be liable under the foregoing indemnification provision
to the extent that any loss, claim, damage, liability, cost or expense is determined by a court, in a final judgment from which
no further appeal may be taken, to have resulted solely from the wilful misconduct of such Indemnified Party. The reimbursement
and indemnity obligations of Parscale Creative, under this Section 8 shall be in addition to any liability which Parscale Creative
may otherwise have, shall extend upon the same terms and conditions to any Affiliate of CloudCommerce and any Related Party or
controlling persons (if any), as the case may be, of CloudCommerce and any such Affiliate and shall be binding upon and inure
to the benefit of any successors, assigns, heirs and personal representatives of Parscale Creative, CloudCommerce, any such Affiliate
and any such Related Party or other person. The provisions of this Section 8 shall survive the termination of this Agreement.

 

9. Independent
Contractor. Nothing herein shall be construed to create a joint venture or partnership between the parties hereto or
an employee/employer relationship. CloudCommerce shall be an independent contractor pursuant to this Agreement. Neither party hereto
shall have any express or implied right or authority to assume or create any obligations on behalf of or in the name of the other
party or to bind the other party to any contract, agreement or undertaking with any third party. Nothing in this Agreement shall
be deemed or construed to enlarge the fiduciary duties and responsibilities, if any, of CloudCommerce or any of its Related Parties,
including without limitation in any of their respective capacities as stockholder or directors of Parscale Creative.

 

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10. Disclaimer;
Limitation of Liability.

 

(a) CloudCommerce
makes no representations or warranties, express or implied, in respect of the Services to be provided by it hereunder.

 

(b) Neither
CloudCommerce nor any of its officers, directors, managers, principals, stockholders, partners, members, employees, agents, representatives
and Affiliates (each a “Related Party” and, collectively, the “Related Parties”) shall be liable to Parscale
Creative or any of its Affiliates for any loss, liability, damage or expense arising out of or in connection with the performance
of any Services contemplated by this Agreement, unless such loss, liability, damage or expense shall be proven to result directly
from the willful misconduct of such person. In no event will CloudCommerce or any of its Related Parties be liable to Parscale
Creative for special, indirect, punitive or consequential damages, including, without limitation, loss of profits or lost business,
even if CloudCommerce has been advised of the possibility of such damages. Under no circumstances will the liability of CloudCommerce
and Related Parties exceed, in the aggregate, the fees actually paid to CloudCommerce hereunder.

 

11. Injunctive Relief. CloudCommerce
agrees that if it breaches or attempts to breach or violate any of the provisions of this Agreement, Parscale Creative will be
irreparably harmed and monetary damages will not provide an adequate remedy. Accordingly, it is agreed that Parscale Creative may
apply for and shall be entitled to temporary, preliminary and permanent injunctive relief (without the necessity of posting a bond
or other security) in order to prevent breach of this Agreement or to specifically enforce the provisions hereof, and CloudCommerce
hereby consents to the granting of such relief, without having to prove the inadequacy of the available remedies at law or actual
damages. It is understood that any such injunctive remedy shall not be exclusive or waive any rights to seek other remedies at
law or in equity. The parties further agree that the covenants and undertakings covered by this Agreement are reasonable in light
of the facts as they exist on the date of this Agreement. However, if at any time, a court or panel of arbitrators having jurisdiction
over this Agreement shall determine that any of the subject matter or duration is unreasonable in any respect, it shall be reduced,
and not terminated, as such court or panel of arbitrators determines may be reasonable.

 

12. Successors and Assigns. This
Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns. However, neither this Agreement nor any of the rights of the parties hereunder may otherwise be transferred or assigned
by any party hereto, except that (a) if Parscale Creative shall merge or consolidate with or into, or sell or otherwise transfer
substantially all its assets to, another company which assumes CloudCommerce’s obligations under this Agreement, CloudCommerce
may assign its rights hereunder to that company, and (b) CloudCommerce may assign its rights and obligations hereunder to any Affiliate.
Any attempted transfer or assignment in violation of this Section 12 shall be void.

 

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13. Entire Agreement. This Agreement
constitutes the entire and only agreement between the parties in relation to its subject matter and replaces and extinguishes all
prior agreements, undertakings, arrangements, understandings or statements of any nature made by the parties or any of them whether
oral or written with respect to such subject matter.

 

14. Notices. All notices, requests,
consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given
(a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized
overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission)
if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the
recipient; or (d) on the [third] day after the date mailed, by certified or registered mail, return receipt requested, postage
prepaid. Such communications must be sent to the respective parties at the addresses indicated below (or at such other address
for a party as shall be specified in a notice given in accordance with this Section 14.

 

	If to CloudCommerce:	
        1933 Cliff Drive, Suite 1

        Santa Barbara, CA 93109

        Facsimile: [FAX NUMBER]

        E-mail: Andrew@cloudcommerce.com

        Attention: Andrew Van Noy, President

	 	 
	with a copy to:	
        Sichenzia Ross Ference Kesner LLP 61 Broadway,
        32nd Floor

        New York, NY 10006

        Facsimile: (212)930-9725

        E-mail: gscihenzia@srfkllp.com

        Attention: Gregory Sichenzia, Esq.

	 	 
	If to Parscale Creative:	
        321 6th St

        San Antonio, TX 78215:

        E-mail: brad@parscale.com

        Attention: Brad Parscale

	 	 
	with a copy to:	
        Jeremy R. Sloan

        Chunn Price Harris & Sloan

        1000 Central Parkway N, suite 100,

        San Antonio, TX 78232

        Telephone (210) 343.5000

        Facsimile (210) 525.0960

        email: jsloan@cphattorneys.com

 

15. Amendments to this Agreement. No
modification, alteration or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed on
behalf of each of the parties. No delay or omission by Parscale Creative in exercising any right or power vested in it under this
Agreement shall impair such right or power or be construed as a waiver of, or acquiescence in, any default or breach by CloudCommerceof
any of its obligations under this Agreement.

 

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16.
Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction,
such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or
render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision
is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the greatest extent possible.

 

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

 

18.
Governing Law; Submission to Jurisdiction. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Nevada without giving effect to any choice or conflict of law provision or rule (whether of the
State of Nevada or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the
State of Nevada. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated
hereby may be instituted in the federal courts of the United States of America or the courts of the State of Nevada in each case
located in the city of Las Vegas and County of Clark and each party irrevocably submits to the exclusive jurisdiction of such
courts in any such suit, action or proceeding. Service of process, summons, notice or other document by mail to such party’s
address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court.
The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in
such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought
in any such court has been brought in an inconvenient forum.

 

19. Waiver
of Jury Trial. Each party irrevocably and unconditionally waives any right it may have to a trial by jury in respect
of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby. Each party to this Agreement
certifies and acknowledges that (a) no representative of any other party has represented, expressly or otherwise, that such other
party would not seek to enforce the foregoing waiver in the event of a legal action; (b) such party has considered the implications
of this waiver; (c) such party makes this waiver voluntarily; and (d) such party has been induced to enter into this Agreement
by, among other things, the mutual waivers and certifications in this Section 19.

 

20. Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall together shall
be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic
transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

21. No
Strict Construction. The parties to this Agreement have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted
jointly by the parties, and no presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship
of any of the provisions of this Agreement.

 

[Signature
page follows]

 

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IN WITNESS WHEREOF the parties signed the
present document the day and year first above written.

 

	CLOUDCOMMERCE, INC. 	 	PARSCALE CREATIVE, INC. 
	 	 	 
	/s/ Andrew VanNoy	 	/s/ Bradley Parscale
	By: Andrew VanNoy	 	By: Bradley Parscale 
	Title: President	 	Title: President 

 

 

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