Document:

Exhibit 4.1

 

Tribal
Rides International Corp 

2020
STOCK INCENTIVE PLAN

 

 

THE 2020 STOCK INCENTIVE PLAN
(the “Plan”) of Tribal Rides International Corp., a Nevada corporation, is hereby adopted by its Board of Directors
as of June 20, 2020 (the “Effective Date”).

 

Article
1.

PURPOSES
OF THE PLAN

 

Section 1.01        
Purposes. The purposes of the Plan are (a) to enhance the Company’s ability to attract and retain the services of qualified
employees, officers, directors, consultants, and other service providers upon whose judgment, initiative and efforts the successful conduct
and development of the Company’s business largely depends, and (b) to provide additional incentives to such persons or entities
to devote their utmost effort and skill to the advancement and betterment of the Company, by providing them an opportunity to participate
in the ownership of the Company and thereby have an interest in the success and increased value of the Company.

 

Article
2.

DEFINITIONS

 

For purposes of this Plan,
terms not otherwise defined herein shall have the meanings indicated below:

 

Section 2.01        
Administrator. “Administrator” means the Board or, if the Board delegates responsibility for any matter to the
Committee, the term Administrator shall mean the Committee.

 

Section 2.02        
Affiliated Company. “Affiliated Company” means:

 

a)               
with respect to Incentive Options, any “parent corporation” or “subsidiary corporation” of the Company,
whether now existing or hereafter created or acquired, as those terms are defined in Sections 424(e) and 424(f) of the Code, respectively;
and

 

b)              
with respect to Nonqualified Options, Restricted Stock Units, Stock Appreciation Rights, and Restricted Stock Grants any entity
described in paragraph (a) of this Section 2.02 above, plus any other corporation, limited liability company (“LLC”),
partnership or joint venture, whether now existing or hereafter created or acquired, with respect to which the Company beneficially owns
more than fifty percent (50%) of: (1) the total combined voting power of all outstanding voting securities, or (2) the capital or profits
interests of an LLC, partnership or joint venture.

 

Section 2.03        
Base Price. “Base Price” means the price per share of Common Stock for purposes of computing the amount payable
to a Participant who holds a Stock Appreciation Right upon exercise thereof.

 

Section 2.04        
Board. “Board” means the Board of Directors of the Company.

 

Section 2.05        
Change in Control. Except as set forth below, “Change in Control” means:

 

a)               
The acquisition, directly or indirectly, in one (1) transaction or a series of related transactions, by any person or group (within
the meaning of Section 13(d)(3) of the Exchange Act) of the beneficial ownership of securities of the Company possessing more than fifty
percent (50%) of the total combined voting power of all outstanding securities of the Company;

 

b)              
A merger or consolidation in which the Company is not the surviving entity, except for a transaction in which the holders of the
outstanding voting securities of the Company immediately prior to such merger or consolidation hold as a result of holding the Company
securities prior to such transaction, in the aggregate, securities possessing more than fifty percent (50%) of the total combined voting
power of all outstanding voting securities of the surviving entity (or the parent of the surviving entity) immediately after such merger
or consolidation;

 

 

 

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c)               
A reverse merger in which the Company is the surviving entity but in which the holders of the outstanding voting securities of
the Company immediately prior to such merger hold, in the aggregate, securities possessing less than fifty percent (50%) of the total
combined voting power of all outstanding voting securities of the Company or of the acquiring entity immediately after such merger; or

 

d)              
The sale, transfer or other disposition (in one (1) transaction or a series of related transactions) of all or substantially all
of the assets of the Company, except for a transaction in which the holders of the outstanding voting securities of the Company immediately
prior to such transaction(s) receive as a distribution with respect to securities of the Company, in the aggregate, securities possessing
more than fifty percent (50%) of the total combined voting power of all outstanding voting securities of the acquiring entity immediately
after such transaction(s).

 

e)               
In addition, a Change in Control will be deemed to have occurred if, at any time during any period of twelve (12) consecutive months
during the term of any Option, as stated in the Option Exercise Documents, Restricted Stock Award Agreement, Restricted Stock Unit Agreement
or Stock Appreciation Right Agreement under this Plan, individuals who at the beginning of such period constituted the entire Board do
not for any reason constitute a majority of the Board, unless the election, or the nomination for election by the Company’s stockholders,
of each new director was approved by a vote of at least a majority of the directors then still in office who were directors at the beginning
of the period (but not including any new director whose election or nomination is in connection with an actual or threatened proxy contest
relating to the election of directors of the Company).

 

Notwithstanding the foregoing, a transaction will
not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning of Section 409A of
the Code.

 

Section 2.06        
Code. “Code” means the Internal Revenue Code of 1986, as amended from time to time.

 

Section 2.07        
Committee. “Committee” means a committee of two (2) or more members of the Board appointed to administer the Plan,
as set forth in Section 9.01.

 

Section 2.08        
Common Stock. “Common Stock” means the Common Stock of the Company, subject to adjustment pursuant to Section 4.02.

 

Section 2.09        
Company. “Company” means Tribal Rides International Corp., a Nevada corporation, or any entity that is a successor
to the Company. Except where the context otherwise requires, the term “Company” shall include any of the Company’s
present or future parent or subsidiary corporations.

 

Section 2.10        
Disability. “Disability” means permanent and total disability as defined in Section 22(e)(3) of the Code. The Administrator’s
determination of a Disability or the absence thereof shall be conclusive and binding on all interested parties.

 

Section 2.11        
Effective Date. “Effective Date” means the date on which the Plan was originally adopted by the Board, as set forth
on the first page hereof.

 

Section 2.12        
Exchange Act. “Exchange Act” means the Securities and Exchange Act of 1934, as amended.

 

Section 2.13        
Exercise Price. “Exercise Price” means the purchase price per share of Common Stock payable by the Optionee to
the Company upon exercise of an Option.

 

Section 2.14        
Fair Market Value. “Fair Market Value” on any given date means the value of one (1) share of Common Stock, determined
as follows: (i) the last sale before or the first sale after the grant date; (ii) the closing price on the trading day before or on the
grant date; (iii) the arithmetic mean (average) of the high and low prices on the trading day before or the trading day of the grant;
(iv) an average of the stock price (determined either based on the arithmetic mean or the average of such selling price, weighted based
on the volume of trading on each trading day during the period) over a fixed period occurring within 30 days before or after the grant;
or (v) any other reasonable valuation method using actual transactions. If there is no public trading market for the Common Stock, the
Administrator may determine the fair market value in good faith using any reasonable method of evaluation in a manner consistent with
the valuation principles under Section 409A of the Code, which determination shall be conclusive and binding on all interested parties.

 

 

 

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Section 2.15        
FINRA Dealer. “FINRA Dealer” means a broker-dealer that is a member of the Financial Industry Regulatory Authority.

 

Section 2.16        
Grant Form. “Grant Form” means the Grant of Stock Option form signed by both parties with respect to either an
Incentive Option or a Nonqualified Option, the form of which is set forth in Attachment 1 to this Plan.

 

Section 2.17        
Incentive Option. “Incentive Option” means any Option designated and qualified as an “incentive stock option”
as defined in Section 422 of the Code.

 

Section 2.18        
Nonqualified Option. “Nonqualified Option” means any Option that is not an Incentive Option.  To the extent
that any Option designated as an Incentive Option fails in whole or in part to qualify as an Incentive Option, including, without limitation,
for failure to meet the limitations applicable to a 10% Stockholder or because it exceeds the annual limit provided for in Section 5.07
below, it shall to that extent constitute a Nonqualified Option.

 

Section 2.19        
Option. “Option” means any option to purchase Common Stock granted pursuant to this Plan.

 

Section 2.20        
Option Exercise Documents. “Option Exercise Documents” means and includes the Option Exercise Form, the Grant Form,
the forms of which are set forth in Attachments 1 and 2 to this Plan, and any other agreements the Optionee is required to enter into
to exercise options.

 

Section 2.21        
Option Exercise Form. “Option Exercise Form” means the form identified as Exhibit A to the Grant Form.

 

Section 2.22        
Optionee. “Optionee” means any Participant who holds an Option.

 

Section 2.23        
Participant. “Participant” means an individual or entity that holds Options, Restricted Stock Units, Stock Appreciation
Rights, or Restricted Stock Awards under this Plan.

 

Section 2.24        
Performance Criteria. “Performance Criteria” means one (1) or more of the following as established by the Administrator,
which may be stated as a target percentage or dollar amount, a percentage increase over a base period percentage or dollar amount or the
occurrence of a specific event or events:

 

a)               
Revenue;

b)              
Gross profit;

c)               
Operating income;

d)              
Pre-tax income;  

e)               
Earnings before interest, taxes, depreciation and amortization (“EBITDA”);

f)               
Earnings per common share on a fully diluted basis (“EPS”);

g)              
Consolidated net income of the Company divided by the average consolidated common stockholders’ equity (“ROE”);

h)              
Cash and cash equivalents derived from either (i) net cash flow from operations, or (ii) net cash flow from operations, financings
and investing activities (“Cash Flow”);

i)                
Adjusted operating cash flow return on income;

j)                
Cost containment or reduction;

k)              
The percentage increase in the market price of the Company’s common stock over a stated period; and

l)                
Individual business objectives.

 

Section 2.25        
Restricted Stock Award. “Restricted Stock Award” means shares issued pursuant to the Restricted Stock Award Program
in Article 8.

 

Section 2.26        
Restricted Stock Award Agreement. “Restricted Stock Award Agreement” means the written agreement entered into between
the Company and a Participant evidencing the grant of Restricted Stock Awards under the Plan, the form of which is set forth in Attachment
3 to this Plan.

 

 

 

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Section 2.27        
Restricted Stock Award Program. “Restricted Stock Award Program” means the program to issue restricted shares pursuant
to Article 8.

 

Section 2.28        
Restricted Stock Unit. “Restricted Stock Unit” means a right to receive an amount equal to the Fair Market Value
of one (1) share of Common Stock, issued pursuant to Article 6, subject to any restrictions and conditions as are established pursuant
to Article 6.

 

Section 2.29        
Restricted Stock Unit Agreement. “Restricted Stock Unit Agreement” means the written agreement entered into between
the Company and a Participant evidencing the grant of Restricted Stock Units under the Plan, the form of which is set forth in Attachment
4 to this Plan.

 

Section 2.30        
Service. “Service” means the provision of services to the Company or any Affiliated Company by a person in the
capacity of an employee, a non-employee member of the board of directors, officer, or a Service Provider, except to the extent otherwise
specifically provided in the documents evidencing the grant of an award under this Plan.

 

Section 2.31        
Service Provider. “Service Provider” means a consultant or other person or entity the Administrator authorizes
to become a Participant in the Plan and who provides services to (i) the Company, (ii) an Affiliated Company, or (iii) any other business
venture designated by the Administrator in which the Company or an Affiliated Company has a significant ownership interest.

 

Section 2.32        
Stock Appreciation Right. “Stock Appreciation Right” means a right issued pursuant to Article 7, subject to any
restrictions and conditions as are established pursuant to Article 7 that is designated as a Stock Appreciation Right.

 

Section 2.33        
Stock Appreciation Right Agreement. “Stock Appreciation Right Agreement” means the written agreement entered into
between the Company and a Participant evidencing the grant of Stock Appreciation Rights under the Plan, the form of which is set forth
in Attachment 5 to this Plan.

 

Section 2.34        
10% Stockholder. “10% Stockholder” means a person who, as of a relevant date, owns or is deemed to own (by reason
of the attribution rules applicable under Section 424(d) of the Code) stock possessing more than 10% of the total combined voting power
of all classes of stock of the Company or of an Affiliated Company.

 

Article
3. 

ELIGIBILITY

 

Section 3.01        
Incentive Options. Only employees of the Company or of an Affiliated Company (including members of the Board if they are employees
of the Company or of an Affiliated Company) are eligible to receive Incentive Options under the Plan.

 

Section 3.02        
Nonqualified Options; Restricted Stock Units and Stock Appreciation Rights. Employees and officers of the Company or of an
Affiliated Company, members of the Board (whether or not employed by the Company or an Affiliated Company), and Service Providers are
eligible to receive Nonqualified Options, Restricted Stock Units, and Stock Appreciation Rights under the Plan.

 

Section 3.03        
Section 162(m) Limitation. Subject to adjustment as to the number and kind of shares pursuant to Section 4.02, in no event
shall any Participant be granted in any one (1) calendar year any award that does not qualify as “performance-based compensation”
under Section 162(m) of the Code. In granting awards which are intended to qualify under Section 162(m) of the Code, the Administrator
shall follow any procedures determined by it from time to time to be necessary or appropriate to ensure qualification of the award under
Section 162(m) of the Code (e.g., in determining the Performance Criteria), provided that no action by the Company or the Administrator
shall be deemed to be a promise that any such award will be “performance-based compensation” under such section.

 

 

 

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Article
4.

PLAN
SHARES

 

Section 4.01        
Shares Subject to the Plan. The number of shares of Common Stock that may be issued under this Plan shall be 2,500,000 shares
of Common Stock, subject to adjustment as to the number and kind of shares pursuant to Section 4.02. For purposes of this limitation,
in the event that (a) all or any portion of any Options or Stock Appreciation Rights granted under the Plan can no longer under any circumstances
be exercised, (b) any shares of Common Stock are reacquired by the Company pursuant to the Option Exercise Documents, or (c) all or any
portion of any Restricted Stock Units or Restricted Stock Awards granted under the Plan are forfeited or can no longer under any circumstances
vest, the shares of Common Stock allocable to or covered by the unexercised or unvested portion of such Options, Stock Appreciation Rights,
Restricted Stock Units, or Restricted Stock Awards, or the shares of Common Stock so reacquired shall again be available for grant or
issuance under the Plan. The following shares of Common Stock may not again be made available for issuance as awards under the Plan: (i)
shares of Common Stock not issued or delivered as a result of the net settlement of outstanding Stock Appreciation Rights or Options,
(ii) shares of Common Stock used to pay the Exercise Price related to outstanding Options, (iii) shares of Common Stock used to pay withholding
taxes related to outstanding Options, Stock Appreciation Rights, Restricted Stock Units, or Restricted Stock Awards, or (iv) shares of
Common Stock repurchased on the open market with the proceeds of the Option Exercise Price.

 

Section 4.02        
Changes in Capital Structure. In the event that the outstanding shares of Common Stock are hereafter increased or decreased
or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a recapitalization,
stock split, reverse stock split, reclassification, stock dividend, or other change in the capital structure of the Company, then appropriate
adjustments shall be made by the Administrator to the aggregate number and kind of shares subject to this Plan, the number and kind of
shares and the price per share subject to or covered by outstanding Option Exercise Documents, Restricted Stock Award Agreement, Restricted
Stock Unit Agreement or Stock Appreciation Right Agreement and the limit on the number of shares under Section 3.03, all in order to preserve,
as nearly as practical, but not to increase, the benefits to Participants.

 

Section 4.03        
Limitation on Number of Shares. The total number of shares of Common Stock issuable under this Plan shall not exceed 30% of
the then outstanding shares of Common Stock (with convertible preferred or convertible senior common shares counted on an as if converted
basis), unless a percentage higher than 30% is approved by at least two-thirds (2/3) of the outstanding securities entitled to vote.

 

Article
5.

OPTIONS

 

Section 5.01        
Grant of Stock Options.  The Administrator shall have the right to grant pursuant to this Plan, Options subject to such
terms, restrictions, and conditions as the Administrator may determine at the time of grant.  Such conditions may include, but are
not limited to, continued provision of Service or the achievement of specified performance goals or objectives established by the Administrator
with respect to one (1) or more Performance Criteria, which require the Administrator to certify in writing whether and the extent to
which such Performance Criteria were achieved.

 

Section 5.02        
Option Exercise Documents. Each Option granted pursuant to this Plan shall be evidenced by Option Exercise Documents which
shall specify the number of shares subject thereto, vesting provisions relating to such Option, the Exercise Price per share, and whether
the Option is an Incentive Option or Nonqualified Option. As soon as is practical following the grant of an Option, Option Exercise Documents
shall be duly executed and delivered by or on behalf of the Company to the Optionee to whom such Option was granted.  Each Option
Exercise Document shall be in such form and contain such additional terms and conditions, not inconsistent with the provisions of this
Plan, as the Administrator shall, from time to time, deem desirable.

 

Section 5.03        
Exercise Price. The Exercise Price per share of Common Stock covered by each Option shall be determined by the Administrator,
subject to the following:  (a) the Exercise Price of an Incentive Option shall not be less than 100% of Fair Market Value on the
date the Incentive Option is granted, (b) the Exercise Price of a Nonqualified Option shall not be less than 100% of Fair Market Value
on the date the Nonqualified Option is granted, and (c) if the person to whom an Incentive Option is granted is a 10% Stockholder on the
date of grant, the Exercise Price shall not be less than 110% of Fair Market Value on the date the Incentive Option is granted. However,
an Option may be granted with an Exercise Price lower than that set forth in the preceding sentence if such Option is granted pursuant
to an assumption or substitution for another option in a manner satisfying the provisions of Sections 409A and 424 of the Code.

 

 

 

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Section 5.04        
Payment of Exercise Price. Payment of the Exercise Price shall be made upon exercise of an Option and may be made, in the discretion
of the Administrator, subject to any legal restrictions, by: (a) cash; (b) check; (c) the surrender of shares of Common Stock owned by
the Optionee (provided that shares acquired pursuant to the exercise of options granted by the Company must have been held by the Optionee
for the requisite period necessary to avoid a charge to the Company’s earnings for financial reporting purposes), which surrendered
shares shall be valued at Fair Market Value as of the date of such exercise; (d) the cancellation of indebtedness of the Company to the
Optionee; (e) the waiver of compensation due or accrued to the Optionee for services rendered; (f) provided that a public market
for the Common Stock exists, a “same day sale” commitment from the Optionee and a FINRA Dealer whereby the Optionee irrevocably
elects to exercise the Option and to sell a portion of the shares so purchased to pay for the Exercise Price and whereby the FINRA Dealer
irrevocably commits upon receipt of such shares to forward the Exercise Price directly to the Company; (g) provided that a public market
for the Common Stock exists, a “margin” commitment from the Optionee and a FINRA Dealer whereby the Optionee irrevocably elects
to exercise the Option and to pledge the shares so purchased to the FINRA Dealer in a margin account as security for a loan from the FINRA
Dealer in the amount of the Exercise Price, and whereby the FINRA Dealer irrevocably commits upon receipt of such shares to forward the
Exercise Price directly to the Company; or (h) any combination of the foregoing methods of payment or any other consideration or method
of payment as shall be permitted by applicable law and approved by the Administrator.

 

Section 5.05        
Term and Termination of Options. The term and provisions for termination of each Option shall be as fixed by the Administrator,
but no Option may be exercisable more than ten (10) years after the date it is granted.  An Incentive Option granted to a person
who is a 10% Stockholder on the date of grant shall not be exercisable more than five (5) years after the date it is granted.

 

Section 5.06        
Vesting and Exercise of Options. Each Option shall vest and become exercisable in one (1) or more installments at such time
or times and subject to such conditions, including without limitation the achievement of specified performance goals or objectives established
with respect to one (1) or more Performance Criteria, as shall be determined by the Administrator.

 

Section 5.07        
Annual Limit on Incentive Options. To the extent required for “incentive stock option” treatment under Section
422 of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the Common Stock with respect to which Incentive
Options granted under this Plan and any other plan of the Company or any Affiliated Company become exercisable for the first time by an
Optionee during any calendar year shall not exceed $100,000.

 

Section 5.08        
Restrictions. Options may not be sold, pledged or otherwise encumbered or disposed of and shall not be assignable or transferable
except by will, the laws of descent and distribution or pursuant to a domestic relations order entered by a court in settlement of marital
property rights, except as specifically provided in the Stock Option Agreement or as authorized by the Administrator, and subject to Section
13.01 of this Plan.

 

Section 5.09        
Effect of Termination of Service, Death, or Disability.

 

a)               
Unless otherwise provided by the Administrator, any unvested Options held by the Optionee at the time of termination of Service,
Disability or death, will expire immediately upon the occurrence of any such event.

 

b)              
The following provisions shall govern the exercise of any vested Options held by the Optionee at the time of termination of Service,
Disability, or death:

 

(1)            
Should the Optionee’s Service be terminated for cause, then the Options shall terminate on the date Service is terminated.

 

(2)            
Should the Optionee’s Service be terminated for Disability, then the Optionee shall have a period of six (6) months following
the date of such termination during which to exercise each outstanding Option held by such Optionee at the time of Disability.

 

(3)            
If the Optionee dies while holding an outstanding Option, then the personal representative of his or her estate or the person or
persons to whom the Option is transferred pursuant to the Optionee’s will or the laws of inheritance shall have six (6) months following
the date of the Optionee’s death to exercise such Option.

 

(4)            
Should Optionee’s Service be terminated by reason other than for cause, Disability, or death, then the Optionee shall have
a period of thirty (30) days following the date of such termination during which to exercise each outstanding Option held by such Optionee.

 

 

 

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(5)            
Under no circumstances, however, shall any such Option be exercisable after the specified expiration of the Option term.

 

(6)            
During the applicable post-Service exercise period, the Option may not be exercised in the aggregate for more than the number of
vested shares for which the Option is exercisable on the date of the Optionee’s termination of Service. Upon the expiration of the
applicable exercise period or (if earlier) upon the expiration of the Option term, the Option shall terminate and cease to be outstanding
for any Option which has not been exercised.

 

c)               
The Administrator shall have the discretion, exercisable either at the time an Option is granted or at any time while the Option
remains outstanding, to provide either or both of the following, in whole or in part as to any Options:

 

(1)            
extend the period of time for which the Option is to remain exercisable following Optionee’s termination of Service or death
from the limited period otherwise in effect for that Option to such greater period of time as the Administrator shall deem appropriate,
but in no event beyond the expiration of the Option term;

 

(2)            
permit the Option to be exercised, during the applicable post-termination exercise period, not only with respect to the number
of vested shares of Common Stock for which such Option is exercisable at the time of the Optionee’s termination of Service but also
with respect to one (1) or more additional installments in which the Optionee would have vested under the Option had the Optionee continued
Service.

 

Section 5.10        
Rights as a Stockholder. An Optionee or permitted transferee of an Option shall have no rights or privileges as a stockholder
with respect to any shares covered by an Option until such Option has been duly exercised and certificates representing shares purchased
upon such exercise have been issued to such person.

 

Article
6.

RESTRICTED
STOCK UNITS

 

Section 6.01        
Grants of Restricted Stock Units. The Administrator shall have the right to grant pursuant to this Plan Restricted Stock Units
subject to such terms, restrictions, and conditions as the Administrator may determine at the time of grant.  Such conditions may
include, but are not limited to, continued employment or the achievement of specified performance goals or objectives established by the
Administrator with respect to one (1) or more Performance Criteria, which require the Administrator to certify in writing whether and
the extent to which such Performance Criteria were achieved.

 

Section 6.02          
Restricted Stock Unit Agreements. A Participant shall have no rights with respect to the Restricted Stock Units covered by
a Restricted Stock Unit Agreement until the Participant has executed and delivered to the Company the applicable Restricted Stock Unit
Agreement. Each Restricted Stock Unit Agreement shall be in such form, and shall set forth such other terms, conditions, and restrictions
of the Restricted Stock Unit Agreement, not inconsistent with the provisions of this Plan, as the Administrator shall, from time to time,
deem desirable. Each such Restricted Stock Unit Agreement may be different from each other Restricted Stock Unit Agreement.

 

Section 6.03        
Vesting of Restricted Stock Units. The Restricted Stock Unit Agreement shall specify the date or dates, the performance goals,
if any, established by the Administrator with respect to one (1) or more Performance Criteria that must be achieved, and any other conditions
on which the Restricted Stock Units may vest. Except as otherwise provided by the Administrator, should the Participant cease to remain
in Service while holding one (1) or more unvested Restricted Stock Units, should the performance objectives not be attained with respect
to one (1) or more such unvested Restricted Stock Units, or in the event of the death or Disability of the Participant, then those Restricted
Stock Units shall be immediately surrendered to the Company for cancellation, and the Participant shall have no further shareholder rights
with respect to those Restricted Stock Units.

 

 

 

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Section 6.04        
Form and Timing of Settlement. Settlement in respect of vested Restricted Stock Units will be automatic upon vesting thereof.
 Payment in respect thereof will be made no later than thirty (30) days thereafter and may, in the discretion of the Administrator,
be in cash, shares of Common Stock of equivalent Fair Market Value as of the date of exercise, or a combination of both, except as specifically
provided in the Restricted Stock Unit Agreement.

 

Section 6.05        
Rights as a Stockholder. Holders of Restricted Stock Units shall have no rights or privileges as a stockholder with respect
to any shares of Common Stock covered thereby unless and until they become owners of shares of Common Stock following settlement in respect
of such Restricted Stock Units, in whole or in part, in shares of Common Stock pursuant to their respective Restricted Stock Unit Agreements
and the terms and conditions of the Plan.

 

Section 6.06        
Restrictions. Restricted Stock Units may not be sold, pledged or otherwise encumbered or disposed of and shall not be assignable
or transferable except by will, the laws of descent and distribution or pursuant to a domestic relations order entered by a court in settlement
of marital property rights, except as specifically provided in the Restricted Stock Unit Agreement or as authorized by the Administrator,
and subject to Section 13.01 of this Plan.

 

Article
7.

STOCK
APPRECIATION RIGHTS

 

Section 7.01        
Grants of Stock Appreciation Rights. The Administrator shall have the right to grant pursuant to this Plan, Stock Appreciation
Rights subject to such terms, restrictions and conditions as the Administrator may determine at the time of grant. Such conditions may
include, but are not limited to, continued employment or the achievement of specified performance goals or objectives established by the
Administrator with respect to one (1) or more Performance Criteria, which require the Administrator to certify in writing whether and
the extent to which such Performance Criteria were achieved.

 

Section 7.02        
Stock Appreciation Right Agreements. A Participant shall have no rights with respect to the Stock Appreciation Rights covered
by a Stock Appreciation Right Agreement until the Participant has executed and delivered to the Company the applicable Stock Appreciation
Right Agreement. Each Stock Appreciation Right Agreement shall be in such form, and shall set forth the Base Price and such other terms,
conditions and restrictions of the Stock Appreciation Right Agreement, not inconsistent with the provisions of this Plan, as the Administrator
shall, from time to time, deem desirable. Each such Stock Appreciation Right Agreement may be different from each other Stock Appreciation
Right Agreement.

 

Section 7.03        
Base Price. The Base Price per share of Common Stock covered by each Stock Appreciation Right shall be determined by the Administrator
and will be not less than 100% of Fair Market Value on the date the Stock Appreciation Right is granted.  However, a Stock Appreciation
Right may be granted with a Base Price lower than that set forth in the preceding sentence if such Stock Appreciation Right is granted
pursuant to an assumption or substitution for another stock appreciation right in a manner satisfying the provisions of Section 409A of
the Code.

 

Section 7.04        
Term and Termination of Stock Appreciation Rights. The term and provisions for termination of each Stock Appreciation Right
shall be as fixed by the Administrator, but no Stock Appreciation Right may be exercisable more than ten (10) years after the date it
is granted.

 

Section 7.05        
Vesting and Exercise of Stock Appreciation Rights. Each Stock Appreciation Right shall vest and become exercisable in one (1)
or more installments at such time or times and subject to such conditions, including without limitation the achievement of specified performance
goals or objectives established with respect to one (1) or more Performance Criteria, as shall be determined by the Administrator.

 

Section 7.06        
Effect of Termination of Service, Death, or Disability.

 

a)               
Unless otherwise provided by the Administrator, any unvested Stock Appreciation Right held by the Participant at the time of termination
of Service, Disability or death, will expire immediately upon the occurrence of any such event.

 

b)              
The following provisions shall govern the exercise of any vested Stock Appreciation Right held by the Participant at the time of
termination of Service, Disability, or death:

 

 

 

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(1)            
Should the Participant’s Service be terminated for cause, then the Stock Appreciation Rights shall terminate on the date
Service is terminated.

 

(2)            
Should the Participant’s Service be terminated for Disability, then the Participant shall have a period of six (6) months
following the date of such termination during which to exercise each outstanding Stock Appreciation Right held by such Participant at
the time of Disability.

 

(3)            
If the Participant dies while holding an outstanding Stock Appreciation Right, then the personal representative of his or her estate
or the person or persons to whom the Stock Appreciation Right is transferred pursuant to the Participant’s will or the laws of inheritance
shall have six (6) months following the date of the Participant’s death to exercise such Stock Appreciation Right.

 

(4)            
Should Participant’s Service be terminated by reason other than for cause, Disability, or death, then the Participant shall
have a period of thirty (30) days following the date of such termination during which to exercise each outstanding Stock Appreciation
Right held by such Participant.

 

(5)            
Under no circumstances, however, shall any such Stock Appreciation Right be exercisable after the specified expiration of the Stock
Appreciation Right term.

 

c)               
The Administrator shall have the discretion, exercisable either at the time a Stock Appreciation Right is granted or at any time
while the Stock Appreciation Right remains outstanding, to extend the period of time for which the Stock Appreciation Right is to remain
exercisable following Participant’s termination of Service or death from the limited period otherwise in effect for that Stock Appreciation
Right to such greater period of time as the Administrator shall deem appropriate, but in no event beyond the expiration of the Stock Appreciation
Right term;

 

Section 7.07        
Amount, Form and Timing of Settlement. Upon exercise of a Stock Appreciation Right, the Participant who holds such Stock Appreciation
Right will be entitled to receive payment from the Company in an amount equal to the product of (a) the difference between the Fair Market
Value of a share of Common Stock on the date of exercise over the Base Price per share of Common Stock covered by such Stock Appreciation
Right and (b) the number of shares of Common Stock with respect to which such Stock Appreciation Right is being exercised. Payment in
respect thereof will be made no later than thirty (30) days after such exercise, provided that such payment will be made in a manner such
that no amount of compensation will be treated as deferred under Treasury Regulation Section 1.409A-1(b)(5)(i)(D).  Such payment
may, in the discretion of the Administrator, be in cash, shares of Common Stock of equivalent Fair Market Value as of the date of exercise,
or a combination of both, except as specifically provided in the Stock Appreciation Right Agreement.

 

Section 7.08        
Rights as a Stockholder. Holders of Stock Appreciation Rights shall have no rights or privileges as a stockholder with respect
to any shares of Common Stock covered thereby unless and until they become owners of shares of Common Stock following settlement in respect
of such Stock Appreciation Rights, in whole or in part, in shares of Common Stock pursuant to their respective Stock Appreciation Right
Agreements and the terms and conditions of the Plan.

 

Section 7.09        
Restrictions. Stock Appreciation Rights may not be sold, pledged or otherwise encumbered or disposed of and shall not be assignable
or transferable except by will, the laws of descent and distribution or pursuant to a domestic relations order entered by a court in settlement
of marital property rights, except as specifically provided in the Stock Appreciation Right Agreement or as authorized by the Administrator,
and subject to Section 13.01 of this Plan.

 

 

 

    	 	9	 

     

    

 

Article
8.

RESTRICTED STOCK AWARDS PROGRAM

 

Section 8.01        
Restricted Stock Award Terms. Shares of Common Stock may be issued under the Restricted Stock Awards Program through direct
and immediate issuances of Restricted Stock Awards without any intervening option grants. Each such stock grant shall be evidenced by
a Restricted Stock Awards Agreement which complies with the terms specified below.

 

Section 8.02        
Cost of Shares. Grants of Restricted Stock Awards under the Restricted Stock Awards Program shall be made at such cost as the
Administrator shall determine and may be issued for no monetary consideration, subject to applicable state law.

 

Section 8.03        
Vesting Provisions.

 

a)               
Each Restricted Stock Award shall vest and become exercisable in one (1) or more installments at such time or times and subject
to such conditions, including without limitation the achievement of specified performance goals or objectives established with respect
to one (1) or more Performance Criteria, as shall be determined by the Administrator.

 

a)               
Any new, substituted or additional securities or other property (including money paid other than as a regular cash dividend) which
the Participant may have the right to receive with respect to the Participant’s unvested Restricted Stock Awards by reason of any
stock dividend, stock split, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common
Stock as a class without the Company’s receipt of consideration shall be issued subject to (i) the same vesting requirements applicable
to the Participant’s unvested Restricted Stock Awards and (ii) such escrow arrangements as the Administrator shall deem appropriate.

 

b)              
Unless specified otherwise in the Restricted Stock Awards Agreement, the Participant shall have full shareholder rights with respect
to any Restricted Stock Awards issued to the Participant under the Restricted Stock Awards Program, whether or not the Participant’s
interest in those shares is vested, and accordingly, the Participant shall have the right to vote such shares and to receive any regular
cash dividends paid on such shares.

 

c)               
Should the Participant cease to remain in Service while holding one (1) or more unvested Restricted Stock Awards issued under the
Restricted Stock Awards Program or should the performance objectives not be attained with respect to one (1) or more such unvested Restricted
Stock Awards, then those shares shall be immediately surrendered to the Company for cancellation, and the Participant shall have no further
shareholder rights with respect to those shares. To the extent the surrendered shares were previously issued to the Participant for consideration
paid in cash or cash equivalent (including the Participant’s purchase-money indebtedness), the Company shall repay to the Participant
the cash consideration paid for the surrendered shares and shall cancel the unpaid principal balance of any outstanding purchase-money
note of the Participant attributable to such surrendered shares.

 

d)              
The Administrator may in its discretion waive the surrender and cancellation of one (1) or more unvested Restricted Stock Awards
(or other assets attributable thereto) which would otherwise occur upon the non-completion of the vesting schedule applicable to such
shares. Such waiver shall result in the immediate vesting of the Participant’s interest in the Restricted Stock Awards as to which
the waiver applies. Such waiver may be effected at any time, whether before or after the Participant’s cessation of Service or the
attainment or non-attainment of the applicable performance objectives.

 

Section 8.04        
Restrictions. Unvested Restricted Stock Awards may not be sold, pledged or otherwise encumbered or disposed of and shall
not be assignable or transferable except by will, the laws of descent and distribution or pursuant to a domestic relations order entered
by a court in settlement of marital property rights, except as specifically provided in the Restricted Stock Award Agreement or as authorized
by the Administrator, and subject to Section 13.01 of this Plan.

 

Section 8.05        
Share Escrow/Legends. Stock certificates evidencing any unvested Restricted Stock Awards may, in the Administrator’s
discretion, be held in escrow by the Company until the Participant’s interest in such shares vests or may be issued directly to
the Participant with restrictive legends on the certificates evidencing those unvested shares.

 

 

 

    	 	10	 

     

    

 

Article
9. 

ADMINISTRATION
OF THE PLAN

 

Section 9.01        
Administrator. Authority to control and manage the operation and administration of the Plan shall be vested in the Board, which
may delegate such responsibilities in whole or in part to a committee consisting of two (2) or more members of the Board (the “Committee”),
each of whom shall meet the independence requirements under the then applicable rules, regulations or listing requirements of the principal
exchange on which the Company’s shares of Common Stock are then listed or admitted to trading or as otherwise determined by the
Board.  Members of the Committee may be appointed from time to time by, and shall serve at the pleasure of, the Board. The Board
may limit the composition of the Committee to those persons necessary to comply with the requirements of Section 162(m) of the Code and
Section 16 of the Exchange Act. As used herein, the term “Administrator” means the Board or, with respect to any matter as
to which responsibility has been delegated to the Committee, the term Administrator shall mean the Committee.

 

Section 9.02        
Powers of the Administrator. In addition to any other powers or authority conferred upon the Administrator elsewhere in this
Plan or by law, the Administrator shall have full power and authority:  (a) to determine the persons to whom, and the time or
times at which, Incentive Options, Nonqualified Options, Restricted Stock Units, Stock Appreciation Rights, or Restricted Stock Awards
shall be granted, the number of shares to be represented by Option Exercise Documents, and the Exercise Price of such Options and the
Base Price of such Stock Appreciation Rights; (b) to interpret the Plan; (c) to create, amend or rescind rules and regulations
relating to the Plan; (d) to determine the terms, conditions and restrictions contained in, and the form of, Option Exercise Documents,
Restricted Stock Awards Agreement, Restricted Stock Unit Agreement, or Stock Appreciation Right Agreement; (e) to determine the identity
or capacity of any persons who may be entitled to exercise a Participant’s rights under any Option Exercise Documents, Restricted
Stock Awards Agreement, Restricted Stock Unit Agreement, or Stock Appreciation Right Agreement under the Plan; (f) to correct any
defect or supply any omission or reconcile any inconsistency in the Plan or in any Option Exercise Documents, Restricted Stock Awards
Agreement, Restricted Stock Unit Agreement, or Stock Appreciation Right Agreement; (g) to accelerate the vesting of any Option, Restricted
Stock Unit, Stock Appreciation Right, or Restricted Stock Award; (h) to extend the expiration date of any Option Exercise Documents,
Restricted Stock Awards Agreement, Restricted Stock Unit Agreement, or Stock Appreciation Right Agreement; (i) subject to Section
9.03, to amend outstanding Option Exercise Documents, Restricted Stock Awards Agreement, Restricted Stock Unit Agreement, or Stock Appreciation
Right Agreement to provide for, among other things, any change or modification which the Administrator could have included in the original
agreement or in furtherance of the powers provided for herein; and (j) to make all other determinations necessary or advisable for
the administration of this Plan, but only to the extent not contrary to the express provisions of this Plan.  Any action, decision,
interpretation or determination made in good faith by the Administrator in the exercise of its authority conferred upon it under this
Plan shall be final and binding on the Company and all Participants.  Notwithstanding any term or provision in this Plan, the Administrator
shall not have the power or authority, by amendment or otherwise to extend the expiration date of an Option, Restricted Stock Unit or
Stock Appreciation Right beyond the tenth (10th) anniversary of the date such Option or Stock Appreciation Right was granted.

 

Section 9.03        
Repricing Prohibited. Subject to Section 4.02, and except in connection with a corporate transaction involving the Company
(including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination, or exchange of shares), neither the Committee nor the Board shall amend the terms of outstanding
awards to reduce the Exercise Price of outstanding Options or the Base Price of outstanding Stock Appreciation Rights or cancel outstanding
Options, Stock Appreciation Rights, or Restricted Stock Awards in exchange for cash, other awards or Options with an Exercise Price that
is less than the Exercise Price of the original Options or Stock Appreciation Rights with a Base Price that is less than the Base Price
of the original Stock Appreciation Rights, without approval of the Company’s stockholders, evidenced by a majority of votes cast.

 

Section 9.04        
Limitation on Liability; Indemnification.  No employee of the Company or member of the Board or Committee shall be subject
to any liability with respect to duties under the Plan unless the person acts fraudulently or in bad faith.  To the extent permitted
by law, the Company shall indemnify each member of the Board or Committee, and any employee of the Company with duties under the Plan,
who was or is a party, or is threatened to be made a party, to any threatened, pending or completed proceeding, whether civil, criminal,
administrative or investigative, by reason of such person’s conduct in the performance of duties under the Plan.

 

 

 

    	 	11	 

     

    

 

Article
10.

CHANGE IN CONTROL

 

Section 10.01     
Options and Stock Appreciation Rights. Vesting of all outstanding Options or Stock Appreciation Rights shall accelerate automatically
effective as of immediately prior to the consummation of the Change in Control. In connection with such acceleration, the Administrator
in its discretion may provide, in connection with the Change in Control transaction, for the purchase or exchange of each Option or Stock
Appreciation Right for an amount of cash or other property having a value equal to (i) with respect to each Option, the amount (or “spread”)
by which, (x) the value of the cash or other property that the Optionee would have received pursuant to the Change in Control transaction
in exchange for the shares issuable upon exercise of the Option had the Option been exercised immediately prior to the Change in Control,
exceeds (y) the Exercise Price of the Option, and (ii) with respect to each Stock Appreciation Right, the value of the cash or other property
that the Participant would have received had the Stock Appreciation Right been exercised immediately prior to the Change in Control. The
Administrator shall have the discretion to provide in each Option Exercise Document other terms and conditions that relate to vesting
of such Option or Stock Appreciation Right in the event of a Change in Control. The aforementioned terms and conditions may vary in each
Option Exercise Document and may be different from and have precedence over the provisions set forth in this Section 10.01.

 

Section 10.02     
Restricted Stock Units and Restricted Stock Awards. All Restricted Stock Units and unvested Restricted Stock Awards shall vest
in full effective as of immediately prior to the consummation of the Change in Control. In connection with such acceleration, the Administrator
in its discretion may provide, in connection with the Change in Control transaction, for the purchase or exchange of each Restricted Stock
Unit or Restricted Share for an amount of cash or other property having a value equal to the value of the cash or other property that
the Participant would have received had the Restricted Stock Unit or Restricted Share vested immediately prior to the Change in Control.
The Administrator shall have the discretion to provide in each agreement other terms and conditions that relate to vesting of such Restricted
Stock Units and Restricted Stock Awards in the event of a Change in Control. The aforementioned terms and conditions may vary in each
agreement, and may be different from and have precedence over the provisions set forth in this Section 10.02.

 

Article
11.

AMENDMENT AND TERMINATION OF THE PLAN

 

Section 11.01     
Amendments. The Board may from time to time alter, amend, suspend or terminate this Plan in such respects as the Board may
deem advisable. No such alteration, amendment, suspension or termination shall be made which shall substantially affect or impair the
rights of any Participant under an outstanding Option Exercise Documents, Restricted Stock Awards Agreement, Restricted Stock Unit Agreement,
and Stock Appreciation Right Agreement without such Participant’s consent. Shareholder approval is required for any amendment which
increases the number of shares that may be issued under the Plan. The Board may alter or amend the Plan to comply with requirements under
the Code relating to Incentive Options or other types of options which gives Optionees more favorable tax treatment than that applicable
to Options granted under this Plan as of the date of its adoption. Upon any such alteration or amendment, any outstanding Option granted
hereunder may, if the Administrator so determines and if permitted by applicable law, be subject to the more favorable tax treatment afforded
to an Optionee pursuant to such terms and conditions. The Plan Administrator may revise or amend the grant forms attached to this Plan.

 

Section 11.02     
Plan Termination. Unless this Plan shall theretofore have been terminated, the Plan shall terminate on the tenth (10th) anniversary
of the Effective Date and no Options, Restricted Stock Units, Stock Appreciation Rights, or Restricted Stock Awards may be granted under
the Plan thereafter, but Option Exercise Documents, Restricted Stock Awards Agreement, Restricted Stock Unit Agreements, and Stock Appreciation
Right Agreements then outstanding shall continue in effect in accordance with their respective terms.

 

Article
12.

TAXES

 

Section 12.01     
Withholding. The Company shall have the power to withhold, or require a Participant to remit to the Company, an amount sufficient
to satisfy any applicable Federal, state, and local tax withholding requirements with respect to any Options, Restricted Stock Units,
Stock Appreciation Rights, or Restricted Stock Awards. To the extent permissible under applicable tax, securities and other laws, the
Administrator may, in its sole discretion and upon such terms and conditions as it may deem appropriate, permit a Participant to satisfy
his or her obligation to pay any such tax, in whole or in part, up to an amount determined on the basis of the highest marginal tax rate
applicable to such Participant, by (a) directing the Company to apply shares of Common Stock to which the Participant is entitled as a
result of the exercise of an Option or Stock Appreciation Right or vesting of a Restricted Stock Unit or Restricted Share, or (b) delivering
to the Company shares of Common Stock owned by the Participant. The shares of Common Stock so applied or delivered in satisfaction of
the Participant’s tax withholding obligation shall be valued at their Fair Market Value as of the date of measurement of the amount
of income subject to withholding.

 

 

 

    	 	12	 

     

    

 

Section 12.02     
Compliance with Section 409A of the Code. Options, Restricted Stock Units, Stock Appreciation Rights, and Restricted Stock
Awards will be designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements
of Section 409A of the Code such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest
applicable under Section 409A of the Code, except as otherwise determined in the sole discretion of the Administrator. The Plan and each
Option Exercise Document, Restricted Stock Awards Agreement, Restricted Stock Unit Agreement, and Stock Appreciation Right Agreement is
intended to meet the requirements of Section 409A of the Code and will be construed and interpreted in accordance with such intent, except
as otherwise determined in the sole discretion of the Administrator. To the extent that an Option, Restricted Stock Unit, Stock Appreciation
Right, or Restricted Stock Award, or grant, payment, settlement or deferral thereof is subject to Section 409A of the Code such Option,
Restricted Stock Unit, Stock Appreciation Right, or Restricted Share will be granted, paid, settled or deferred in a manner that will
meet the requirements of Section 409A of the Code, such that the grant, payment, settlement or deferral thereof will not be subject to
the additional tax or interest applicable under Section 409A of the Code.

 

 

 

Article
13.

MISCELLANEOUS

 

Section 13.01     
Involuntary Transfer. In the event of any transfer by operation of law or other involuntary transfer (including divorce or
death) of all or a portion of any awards or shares granted pursuant to this Plan, whether vested or unvested, held by the record holder
thereof, the Company shall have the right to purchase all of the awards or shares transferred at the greater of the purchase price paid
by purchaser or the Fair Market Value of the awards or shares (as determined by the Board of Directors) on the date of transfer. Upon
such a transfer, the person acquiring the awards or shares shall promptly notify the Secretary of the Company of such transfer. The right
to purchase such awards or shares shall be provided to the Company for a period of thirty (30) days following receipt by the Company
of written notice by the person acquiring the awards or shares. Within thirty (30) days of receiving notice of the transfer or proposed
transfer, the Company shall notify the purchaser/acquirer or his or her executor of the price. If the purchaser/acquirer does not agree
with the Company’s valuation, the purchaser/acquirer may have the valuation determined by an independent appraiser to be mutually
agreed upon and paid for by the purchaser/acquirer and the Company.

 

Section 13.02     
Shareholder Approval of the Plan. The Plan shall be approved by a majority of the outstanding securities entitled to vote at
a duly called meeting or by majority written consent by the later of (i) within twelve (12) months before or after the date the Plan is
adopted, or (ii) prior to or within twelve (12) months of the granting of any Incentive Options or Nonqualified Options, or the issuance
of any Restricted Stock Units, Stock Appreciation Rights, or Restricted Stock Awards. If any Incentive Options or Nonqualified Options
is exercised, or any Restricted Stock Units, Stock Appreciation Rights, or Restricted Stock Awards is issued before security holder approval
is obtained, the award shall be rescinded if security holder approval is not obtained in the manner described in the preceding sentence.

 

Section 13.03     
Excess Awards. Awards may be granted under the Plan which are in each instance in excess of the number of shares of Common
Stock then available for issuance under the Plan, provided any excess shares actually issued under those programs shall be held in escrow
until there is obtained shareholder approval of an amendment or increase pursuant to Section 4.01 sufficiently increasing the number of
shares of Common Stock available for issuance under the Plan. If such shareholder approval is not obtained within twelve (12) months after
the date the first such excess issuances are made, then (i) any unexercised options granted on the basis of such excess shares shall terminate
and cease to be outstanding and (ii) the Company shall promptly refund to the Participants the exercise or purchase price paid for any
excess shares issued under the Plan and held in escrow, together with interest (at the applicable Short Term Federal Rate) for the period
the shares were held in escrow, and such shares shall thereupon be automatically canceled and cease to be outstanding.

 

Section 13.04     
Benefits Not Alienable. Other than as provided above, benefits under this Plan may not be assigned or alienated, whether voluntarily
or involuntarily. Any unauthorized attempt at assignment, transfer, pledge or other disposition shall be without effect.

 

Section 13.05     
No Enlargement of Employee Rights. This Plan is strictly a voluntary undertaking on the part of the Company and shall not be
deemed to constitute a contract between the Company and any Participant to be consideration for, or an inducement to, or a condition of,
the employment of any Participant. Nothing contained in the Plan shall be deemed to give the right to any Participant to be retained as
an employee of the Company or any Affiliated Company or to interfere with the right of the Company or any Affiliated Company to discharge
any Participant at any time.

 

 

 

    	 	13	 

     

    

 

Section 13.06     
Application of Funds. The proceeds received by the Company from the sale of Common Stock pursuant to Option Exercise Documents,
except as otherwise provided herein, will be used for general corporate purposes.

 

Section 13.07     
Annual Reports. During the term of this Plan, the Company will furnish to each Participant who does not otherwise receive such
materials, copies of all reports, proxy statements and other communications that the Company distributes generally to its stockholders,
including, but not limited to, annual financial statements.

 

Section 13.08     
Choice of Law and Venue.  The Plan and all related documents shall be governed by, and construed in accordance with, the
laws of the State of Nevada.  Acceptance of an award shall be deemed to constitute consent to the jurisdiction and venue of the courts
located in the State of Nevada for all purposes in connection with any suit, action or other proceeding relating to such award, including
the enforcement of any rights under the Plan or any agreement or other document, and shall be deemed to constitute consent to any process
or notice of motion in connection with such proceeding being served by certified or registered mail or personal service within or without
the State of Nevada, provided a reasonable time for appearance is allowed.

 

Section 13.09     
Rule 16b-3. With respect to Participants subject to Rule 16b-3 of the Exchange Act, transactions under the Plan are intended
to comply with all applicable provisions of Rule 16b-3. To the extent any provision of the Plan or action by the Plan Administrator fails
to so comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Plan Administrator.

 

Section 13.10     
Relationship to Other Plans. Nothing in this Plan shall prevent the Company or any Affiliated Company from adopting or continuing
other or additional compensation arrangements, including without limitation plans providing for the granting of options, restricted stock
units, stock appreciation rights, restricted stock awards, or other equity awards. Grants under the Plan may form a part of or otherwise
be related to such other or additional compensation arrangements.

 

Attachments:

 

		1.	Grant of Stock Option Form

 

		2.	Option Exercise Form and the Grant Form

 

		3.	Restricted Stock Award Agreement Form

 

		4.	Restricted Stock Unit Agreement Form

 

		5.	Stock Appreciation Right Agreement Form

 

 

 

 

    	 	14Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

XINDA INTERNATIONAL
CORP.

 

- and -

 

TRIBAL
RIDES INC.

 

ASSET PURCHASE AGREEMENT

 

January 18, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	1	 

     

    

 

PURCHASE AGREEMENT This
Purchase Agreement (this "Agreement") is entered into as of January 10, 2020, by and among XINDA INTERNATIONAL CORP.
a corporation incorporated under the laws of the state of Nevada, ("XNDA") and TRIBAL RIDES , INC., a corporation
incorporated under the laws of the state of Nevada, (“TribalRides”) and the shareholders of TribalRides (the “Shareholders”).
Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively, as the “Parties.”

 

WHEREAS, XNDA is a publicly traded corporation
quoted on the OTC Markets (the “OTC”);

 

WHEREAS, XNDA has _fifty
million (50,000,000) shares of common stock authorized, of which 5,857,500 are issued and outstanding, and no shares of Series A Preferred
Stock authorized, none of which are issued and outstanding. TribalRides has five million (5,000,000) shares of common stock authorized,
of which one million and seven hundred thousand (1,700,000) are issued and outstanding (the “TribalRides Stock”), which
shares are owned by the Shareholders. The Shareholders are the record and beneficial owner of the number of shares of TribalRides Stock,
or the right to receive such shares, set forth opposite such Shareholder’s name on Annex A hereto;

 

WHEREAS, XNDA wishes
to purchase from TribalRides and TribalRides wish to sell to XNDA, certain assets of TribalRides, in exchange for an aggregate of 25,000,000_newly
issued shares of the common stock, $0.001 par value, of XNDA (the “XNDA Stock”) on the terms and conditions contained
herein (the "Asset Purchase");

 

WHEREAS, TribalRides
is engaged in the business of Digital Transformation of Transportation (the “Business”);

 

WHEREAS, the Shareholders
believe that the Asset Purchase is in the best interests of TribalRides and has agreed to enter into this Agreement as set out herein;

 

NOW, THEREFORE, in
consideration of the covenants, premises, representations and warranties set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

ARTICLE 1 INTERPRETATION

 

1.1       Interpretation. In
this Agreement:

 

(a)       Definitions.
In this Agreement, the following terms have the meanings set forth below, which shall be equally applicable to both the singular and plural
forms. Any agreement or document referred to below shall mean such agreement or document as amended, supplemented and modified from time
to time to the extent permitted by the applicable provisions thereof and by this Agreement.

 

(i)  "affiliate"
means, with respect to any Person, any other Person who directly or indirectly controls, is controlled by, or is under direct or
indirect common control with, such Person. A Person shall be deemed to "control" another Person if such Person
possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such other Person,
whether through the ownership of voting securities, by contract or otherwise; and the term "controlled" shall have
a similar meaning.

 

(ii) 
"Applicable Laws" means, in respect of any Person, property, transaction, event or course of conduct, all applicable
laws, statutes, regulations, rules, by-laws, ordinances, protocols, regulatory policies, codes, guidelines, official directives, orders,
rulings, judgments and decrees of any Governmental Authority and includes the common law.

 

(iii)  "Assets"
means all properties, assets and rights of every kind, nature and description whatsoever whether tangible or intangible, real,
personal or mixed, fixed or contingent, choate or inchoate, known or unknown, wherever located.

 

 

 

    	 	2	 

     

    

 

(iv)  "Assignment
and Assumption Agreement" means the assignment and assumption agreement dated as of the Closing Date between TribalRides
and XNDA, substantially in a form agreed to by XNDA and TribalRides.

 

(v) 
"Bill of Sale" means the bill of sale provided from TribalRides for the Purchased Assets, substantially in a form
agreed to by XNDA and TribalRides.

 

(vi) 
"Business Day" means any day which is not a Saturday, Sunday or a day on which banks in Delaware are authorized
by Applicable Laws or executive orders to be closed.

 

(vii )  "Claim"
means a claim for indemnification by XNDA Indemnified Parties or the Seller Indemnified Parties pursuant to Section 8.1, 8.2 or 8.3,
respectively.

 

(viii) "Closing"
means the completion of the purchase and sale of the Purchased Assets pursuant to this Agreement at the Closing Time.

 

(ix)  "Closing
Date" means the date of this Agreement.

 

(x)  "Code"
means the Internal Revenue Code of 1986, as amended from time to time.

 

(xi) 
"Consent" means any approval, consent, ratification, waiver, or other authorization of, notice to or registration,
qualification, designation, declaration or filing with, any Person including, without limitation, any customer or Governmental Authority.

 

(xii) 
 "Contract" means any agreement, contract, option, license, instrument,
obligation, commitment, arrangement, promise or undertaking, in each such case, whether written or oral and whether express or
implied.

 

(xiii) 
"Current Assets" of a Person at any date means all assets of the Person that would properly be classified in accordance
with GAAP as current assets as of that date, after deducting adequate reserves in each case a reserve is proper, determined as of such
date; provided, that if such Person is TribalRides, Current Assets shall only include current assets that are Purchased Assets.

 

(xiv)  "Direct Claim"
means a Claim which originates pursuant to this Agreement and does not involve a Third Party Claim.

 

(xv) 
"Employee Plan" means any "employee pension benefit plan" (as defined in Section 3(2) of ERISA), any
"employee welfare benefit plan" (as defined in Section 3(1) of ERISA), and any other plan, program, policy, practice, Contract
or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related
awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded,
that is or has been maintained, contributed to, or required to be contributed to, by TribalRides for the benefit of any employee or with
respect to which TribalRides has or may have any Liability.

 

(xvi) 
 "Encumbrance" means any security interest, pledge, lien, mortgage,
charge, encumbrance, claim, condition, easement, covenant, warrant, equitable interest, option, purchase right, community property
interest, right of first refusal, or other right of third parties or other restriction of any kind including, without limitation,
any restriction on the exercise of any attribute of ownership (including any restriction on the use, voting, transfer or receipt of
income related to any Asset).

 

(xvii) 
 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended. A-3

 

 

 

 

    	 	3	 

     

    

 

(xviii) 
 "ERISA Affiliate" means any entity that would be deemed a "single employer"
with TribalRides under Section 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA.

 

(xix) 
 "Governmental Authority" means any federal, state, local,
municipal, foreign or other governmental or quasi- governmental authority including, without limitation, any administrative,
executive, judicial, legislative, regulatory or taxing authority of any nature of any jurisdiction (including, without limitation,
any governmental agency, branch, department, official or entity and any court or other tribunal).

 

(xx) 
 "Governmental Charges" means all Taxes, levies,
assessments, reassessments and other charges together with all related penalties, interest and fines, due and payable to any
domestic or foreign government (federal, provincial, municipal or otherwise) or to any regulatory authority, agency, commission or
board of any domestic or foreign government, or imposed by any court or any other law, regulation or rulemaking entity having
jurisdiction in relevant circumstances.

 

(xxi) 
"Guarantee" means any obligation of a Person directly or indirectly guaranteeing any Indebtedness or other obligation
of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise,
of such Person (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation
(whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services,
to take-or-pay, or to maintain financial statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other
manner the obligee of such Indebtedness or other obligation of the payment thereof or to protect such obligee against loss in respect
thereof (in whole or in part).

 

(xxii) 
 "Hazardous Materials" means: (i) any material, substance,
chemical, waste, product, derivative, compound, mixture, solid, liquid, mineral or gas, in each case, whether naturally occurring or
manmade, that is hazardous, acutely hazardous, toxic, or words of similar import or regulatory effect under Environmental Laws; and
(ii) any petroleum or petroleum-derived products, radon, radioactive materials or wastes, asbestos in any form, lead or lead-
containing materials, urea formaldehyde foam insulation and polychlorinated biphenyls.

 

(xxiii) 
"Indebtedness" means (i) the principal of and premium, if any, and interest in respect of any indebtedness for
money borrowed or any obligations evidenced by notes or other instruments, (ii) capital lease obligations, (iii) obligations issued or
assumed as the deferred purchase price of property or services and (iv) obligations in respect of surety bonds, letters of credit or
other similar instruments.

 

(xxiv) 
 "Intellectual Property" means: (i) all inventions, arts, processes, compositions of
matter, business methods, developments and improvements (whether or not patented or the subject of an application for patent,
whether or not patentable and whether or not reduced to practice); and all improvements thereto; (ii) all patents, pending patent
applications and rights to file patent applications for the inventions referred to in (i) above; all patent disclosures and
invention disclosures; and all rights of priority, reissue, divisional, continuation or continuation-in-part applications,
revisions, extensions and re-examinations in connection therewith; (iii) all trade-marks, trade dress, logos, trade names, business
names, corporate names and domain names; all translations, adaptations, derivations and combinations thereof; all goodwill
associated therewith; and all applications, registrations and renewals in connection therewith; (iv) all copyrightable works and all
copyrights; and all applications, registrations and renewals in connection therewith; (v) all mask works and all integrated circuit
topographies; and all applications, registrations and renewals in connection therewith; (vi) all industrial designs; and all
applications, registrations and renewals in connection therewith; (vii) all other intellectual and industrial property (whether or
not registered or the subject of an application for registration and whether or not registrable); (viii) all copies and tangible
embodiments of any of the foregoing (in whatever form or medium); and (ix) all common law, statutory and contractual rights to the
property and rights referred to in this definition.

 

(xxv)  "IRS" means the Internal Revenue Service.

 

(xxvi) 
  "Liability" means all liabilities of any kind whatsoever whether known or
unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, due or to become due, and
whether or not reflected or required by GAAP to be reflected on a balance sheet including, without limitation, any direct or
indirect Guarantee of any Liability of any other Person.

 

 

 

    	 	4	 

     

    

 

(xxvii) 
"Licensed Intellectual Property" means any Intellectual Property owned by a Person other than TribalRides and
used by TribalRides pursuant to a license, sub-license, lease, sub-lease, royalty, conditional sale, strategic alliance or other similar
arrangement in connection with the Purchased Assets.

 

(xxviii) 
"Loss" means any loss, injury, liability, damage, cost, expense (including legal expenses) or deficiency of any
kind or nature, whether direct, indirect or consequential, suffered or incurred by a party indemnified pursuant to the terms of this Agreement,
in connection with any Claim made by it hereunder, including in respect of any proceeding, assessment, judgment, settlement or compromise
relating thereto.

 

(xxix) 
 "Material Adverse Change" means any change, effect, event, occurrence, circumstance or
state of facts that, individually or in the aggregate, is, or could reasonably be expected to be, material and adverse to the
business, operations or financial condition, property, assets, or liabilities (contingent or otherwise) of the Purchased Assets or
that would prevent or significantly impede the sale of the Purchased Assets, Purchased Equity or the Purchased Membership Interest
or the completion of the other transactions contemplated by this Agreement and the Transaction Documents.

 

(xxx) 
 "Order" means any final and non-appealable award, decision, injunction, judgment,
order, decree, ruling, subpoena or verdict entered, issued, made or rendered by any court, administrative agency or other
Governmental Authority or by any referee, arbitrator or mediator.

 

(xxxi) 
 "Organizational Documents" means any certificate or articles of incorporation, formation
or organization, by-laws, limited liability company operating agreement, certificate of limited partnership, business certificate of
partners, partnership agreement, declaration of trust, constating documents or other similar documents.

 

(xxxii) 
 "Owned Intellectual Property" means any Intellectual Property owned by TribalRides and used in
carrying on the Purchased Assets.

 

(xxxiii) 
"Person" means any individual, corporation, general or limited partnership, limited liability company, joint venture,
estate, trust, association, organization, labor union, Governmental Authority or other entity.

 

(xxxiv) 
"Personal Information" means the type of information regulated by Applicable Laws and collected, used or
disclosed by TribalRides in connection with the Purchased Assets, including information such as an individual's name, address, age, gender,
identification number, income, family status, citizenship, employment, assets, liabilities, source of funds, payment records, credit
information, personal references and health records, but does not include the name, title or business address or telephone number of
an employee;

 

(xxxv) 
 "Proceeding" means any action, claim, arbitration, mediation, audit, hearing, investigation,
litigation or suit (whether civil, criminal, quasi-criminal, administrative, regulatory, investigative or informal) commenced,
brought, conducted or heard by or before, or otherwise involving, any court or other Governmental Authority or referee, trustee,
arbitrator or mediator.

 

(xxxvi) 
"Purchase Price" has the meaning ascribed thereto in Section 3.1.

 

(xxxvii) 
"Purchased
Assets" has the meaning ascribed thereto in Section 2.1.

 

(xxxviii)  "TribalRides
Disclosure Schedule" means the disclosure schedules dated as of the date of this Agreement from TribalRides to XNDA in
connection with this Agreement, and acknowledged by XNDA.

 

 

 

 

 

    	 	5	 

     

    

 

(xl)  "TribalRides IP Assignment Agreements" means the Intellectual Property
assignment agreement to be executed by the CEO of Tribal Rides in the favor of XNDA in a form agreed to by XNDA and TribalRides.

 

(xli)  "Tangible Personal Property" means all machinery, equipment, tools, furniture,
fixtures, computer hardware, supplies, materials, servers, routers, desktop computers, laptop computers, fixed and mobile computer
storage devices, mobile phones, personal digital assistants, network equipment, telephone systems, back-up systems, non- fixed media
and all other computer and electronic equipment of any kind and other items of tangible personal property of every kind owned,
leased or licensed by TribalRides (wherever located and whether or not carried on the books of TribalRides), together with all
express and implied warranties by the manufacturers, sellers, lessors and licensors of such items or components thereof and all
maintenance records and other documents relating thereto.

 

(xlii) 
 "Tax" or "Taxes" means any and all taxes, fees, levies, duties, tariffs and
governmental impositions or charges of any kind in the nature of, or similar to, taxes, payable to any federal, state, provincial,
local or foreign taxing authority including, without limitation (a) income, franchise, profits, gross receipts, ad valorem, net
worth, value added, sales, use, service, real or personal property, special assessments, capital stock, license, payroll,
withholding, employment, social security, workers' compensation, unemployment compensation, utility, severance, production, excise,
stamp, occupation, premiums, windfall profits, transfer and gains taxes and (b) interest, penalties, additional taxes and additions
to taxes imposed with respect thereto.

 

(xliii)  "Tax
Returns" means any return, report or information statement with respect to Taxes (including, but not limited to,
statements, schedules and appendices and other materials attached thereto) filed or required to be filed with the IRS or any other
Governmental Authority including, without limitation, consolidated, combined and unitary tax returns.

 

(xliv) 
"Third Party Claim" means a Claim by XNDA which originates by reason of a Person (other than XNDA) making a claim
against the Purchased Assets.

 

(xlv) 
"Transaction Documents" means this Agreement, the TribalRides Disclosure Schedule, the Bill of Sale, the Assignment
and Assumption Agreement, the Consulting Agreement, the TribalRides IP Assignment Agreements and all other Contracts, instruments and
certificates contemplated hereunder to be delivered by any party hereto at or prior to the Closing.

 

(b)        Headings.
The inclusion of headings is for convenience of reference only and shall not affect the construction or interpretation hereof.

 

(c)        Gender and Number. Except where the context requires otherwise, words importing the singular include the plural and vice versa
and words importing gender include all genders.

 

(d)        Including. Where the word "including" or "includes" is used, it means including or includes "without
limitation".

 

(e)        Material. Where the term "material" or "materially" is used, it shall be construed, measured
or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole, or would prevent
or significantly impede the purchase or sale of the Purchased Assets or the completion of the other transactions contemplated by this
Agreement and the Transaction Documents.

 

(f)        No Strict Construction. The language used in this Agreement is the language chosen by the Parties to express their mutual intent,
and no rule of strict construction shall be applied against any Party proposing any such language.

 

(g)        Statutory References. A reference to a statute includes all rules and regulations made pursuant to such statute and, unless expressly
provided otherwise, the provisions of any statute, rule or regulation which amends, supplements or supersedes any such statute, rule or
regulation.

 

(h)        Currency. Except where expressly provided otherwise herein, all amounts are stated and shall be paid in United States dollars.

 

 

 

 

    	 	6	 

     

    

 

(i)        Time Periods. Except where expressly provided otherwise herein, time periods within or following which any payment is to be made
or act is to be done shall be calculated by excluding the day on which the period commences and including the day on which the period
ends and by extending the period to the following Business Day if the last day of the period is not a Business Day.

 

(j)        Accounting Principles. In this Agreement, except to the extent otherwise expressly provided, references to "GAAP",
means, the generally accepted accounting principles in the United States so prescribed, recommended or promulgated from time to time by
the Financial Accounting Standards Board, which are applicable as at the date on which any calculation made hereunder is to be effective.
Unless otherwise defined herein, all financial terminology contained in this Agreement shall be interpreted in a manner which is consistent
with GAAP. Notwithstanding anything to the contrary contained herein, in the event of an inconsistency or conflict between GAAP and any
other accounting principles, practices or methodologies, GAAP shall prevail and govern to the extent necessary to remedy such inconsistency
or conflict.

 

(k)        Knowledge. All references to the term "Knowledge" in this Agreement and the Transaction Documents means collectively,
the actual knowledge of the Shareholders, and each of them, TribalRides and XNDA (as applicable) together with the knowledge which any
of them would have had if they had made inquiries and investigations into the relevant matter that a reasonably prudent officer or investor
of a corporate entity would have made in similar circumstances.

 

1.2        Entire Agreement.This Agreement and the Transaction
Documents constitute the entire agreement between the Parties pertaining to the transactions contemplated by this Agreement and the Transaction
Documents. There are no representations, warranties, covenants, agreements, conditions, indemnities or other provisions, whether oral
or written, express or implied, collateral, statutory or otherwise, relating to the transactions contemplated by this Agreement and the
Transaction Documents, except as expressly contained in this Agreement and the Transaction Documents and this Agreement and the Transaction
Documents supersede any and all prior and/or contemporaneous agreements and understandings, both written and oral, among the Parties
with respect to such subject matter.

 

1.3        Severability.Each of the provisions
contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part
thereof by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision hereof. The Parties
shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable
provision, the economic effect of which comes as near as possible to that of the invalid or unenforceable provisions that it replaces.

 

1.4        Amendments;
Waivers; Investigations. Except as expressly provided otherwise herein, no amendment or waiver of this Agreement shall be binding
unless executed in writing by the Party to be bound thereby. No waiver of any provision of this Agreement shall constitute a waiver of
any other provision nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless expressly provided otherwise
herein. No investigation or waiver made by or on behalf of any Party shall have the effect of waiving, diminishing the scope of or otherwise
affecting any representation or warranty made by any other Party pursuant to this Agreement or any Transaction Document.

 

1.5        Governing Law.This Agreement
will be governed by and any dispute arising out of or relating to this Agreement will be resolved in accordance with the laws of the
State of California, without giving effect to conflict of laws principles.

 

 

 

 

 

    	 	7	 

     

    

 

ARTICLE 2

ASSET PURCHASE

 

2.1       Asset Purchase from
TribalRides.

 

(a)       Purchased
Assets. Subject to the terms and conditions of this Agreement, at the Closing, TribalRides shall sell, convey, assign, transfer and deliver
to XNDA, and XNDA shall acquire and purchase, free and clear of all Encumbrances, all right, title and interest in and to [all of the
Assets of TribalRides listed on Exhibit A to this Agreement existing on the Closing Date]/[all of TribalRides’ rights, title and
interest, as of the Closing Date, in and to any and all assets, properties, rights and claims of any kind or nature, whether tangible
or intangible, real, personal or mixed, wherever located and whether or not carried or reflected on the books and records of any of TribalRides,
whether now existing or hereinafter acquired, which relate to the Business or which are used or useful in or held for use in, or were
acquired in connection with, the operation of the Business, excluding only the Excluded Assets (such assets, properties, rights and claims
to be acquired hereunder, collectively, the “Purchased Assets”), free and clear of all Liens (except for Permitted
Liens) and all claims against XNDA. The Purchased Assets shall include[, even if not listed on Exhibit A] but not be limited to, the following:

 

(i) 
all Tangible Personal Property used by TribalRides in carrying on the Purchased Assets and together with all rights as of the Closing
Date under all representations, warranties and guarantees made by suppliers, manufacturers and contractors to the extent related thereto;

 

(ii) 
any and all inventory, packaging, marketing materials, adverting materials, signage product samples, or other property owned by
TribalRides or TribalRides' clients but that is currently in TribalRides' possession;

 

(iii) 
 all rights of TribalRides to security deposits (whether real estate or personal property), claims for
refunds (other than Tax refunds) and rights to offset in respect of such clients and/or customers of TribalRides, including all
funds held for the benefit of or on behalf of any client or customer;

 

(iv) 
 any telephone, fax or vendor/payee number or email address owned
by TribalRides and used in the Purchased Assets; and

 

(v) 
 the goodwill of the Purchased Assets together with the
exclusive right to represent XNDA as carrying on the Purchased Assets as successor to TribalRides and the right to use the name
"Tribal Rides" or any variation thereof.

 

(vi) 
any interest in or ownership of any websites or domain names used or owned by TribalRides;

 

(vii)  all
of the following Assets to the extent that such Assets arise from, are related to or are concerning the [Business/Assets of
TribalRides listed on Exhibit A];

 

(A)              
all licenses and distributor agreements;

 

(B)              
all right, title and interest of TribalRides in all Contracts which relate exclusively to the Purchased Assets, as set out in Schedule
2.1 to the TribalRides Disclosure Schedule (to the extent that such Contracts are assignable or transferable and subject to obtaining
any necessary consents to such assignment or transfer) (collectively, the "Assumed Contracts");

 

(C)              
all right, title and interest of TribalRides to all of TribalRides’ Intellectual Property, and all Licensed Intellectual
Property and Owned Intellectual Property;

 

(D)               all
intangible property, including originals, and where such originals are not available, copies of all business and financial records
(whether or not recorded on computer), including customer lists, prospect lists, business contacts, supplier lists, referral sources
and all operating manuals, engineering standards and specifications and other information;

 

 

 

 

    	 	8	 

     

    

 

(E)               
all authorizations from Governmental Authorities or other permits of TribalRides, to the extent transferrable;

 

(F)               
all insurance benefits, including rights and proceeds, to the extent transferable to XNDA;

 

(G)              
all claims of TribalRides against third-parties, whether choate or inchoate, known or unknown, contingent or non-contingent; and

 

(H)              
all rights, claims and credits, including all guarantees, warranties, indemnities and similar rights in favor of TribalRides;

 

(b)        Excluded
Assets. Notwithstanding any other provision of this Agreement to the contrary, the following Assets of TribalRides existing on the Closing
Date (collectively, the "Excluded Assets") are excluded from the Purchased Assets and shall remain the property of TribalRides
after the Closing:

 

(i) 
all Retained Liabilities, which shall consist of 100% of the liabilities of TribalRides;

 

(ii) 
all minute books, seals, equity record books and equity transfer records of TribalRides and Tax Returns and Tax records of TribalRides
and the books and records of TribalRides;

 

(iii) 
all personnel records and other records that TribalRides is required by law to retain in its possession;

 

(iv) 
 all right, title or interest of TribalRides under any Contract,
other than the Assumed Contracts;

 

(v) 
all commissions, trade accounts payable and all trade debts payable by TribalRides;

 

(vi) 
 the right of TribalRides to claim for net refunds of income
Taxes or gross receipts Taxes of TribalRides in excess of deficiencies for any period or with respect to any event, adjustment or
occurrence prior to the Closing Date;

 

(vii)  prepaid Taxes, refunds
of Taxes and Tax loss carry forwards including interest thereon or claims therefor for any period or portion thereof ending on or prior
to the Closing Date;

 

(viii)  all insurance policies of the TribalRides to the extent not transferable;

 

(ix)  any refunds of insurance premiums with respect to any of
TribalRides’ insurance policies; and

 

(x)  all
rights of TribalRides under this Agreement, including with respect to the Purchase Price.

 

(c)        Agreement
to Assume Liabilities. XNDA shall assume as of the Closing Date and shall pay, discharge and perform all obligations to be performed by
TribalRides after, and not on, the Closing Date under the Assumed Contracts assumed under the terms of the Assignment and Assumption Agreement,
which by the terms and conditions thereof are to be paid, discharged or performed at any time after, and not on, the Closing Date (the
"Assumed Liabilities").

 

(d)        No Assumption of Retained
Liabilities. XNDA shall not be liable for, or assume, any other liabilities or obligations of TribalRides other than the Assumed Liabilities.
Notwithstanding anything to the contrary contained herein, and without limiting the foregoing, all of the following liabilities and obligations
of TribalRides shall be considered "Retained Liabilities" for purposes of this Agreement:

 

(i) 
All liabilities and debts on the TribalRides balance sheet and all amounts owed to any third party for any reason;

 

 

 

 

    	 	9	 

     

    

 

(ii)  any
Liability or obligation relating to product Liability claims for products sold or services rendered by TribalRides;

 

(iii)  all
environmental Liabilities of TribalRides under Applicable Laws;

 

(iv)  any
Liability or obligation which arises prior to or after the Closing Time in respect of the present or former employees, non-employee
directors or other service providers of TribalRides or the spouses, dependents or beneficiaries thereof;

 

(v) 
any Liability or obligation of TribalRides to any of TribalRides’ shareholders, members,
directors, officers, managers or affiliates;

 

(vi)  all Liabilities of TribalRides
and the ERISA Affiliates arising under, or with respect to, the Employee Plans;

 

(vii)  any
Liability or obligation arising out of, or relating to, any Proceeding pending as of the Closing Date or any Proceeding commenced
after the Closing Date to the extent arising out of, or relating to, any act or omission of TribalRides or any event, circumstance,
condition occurring on or prior to the Closing Date;

 

(viii)  any
Liability or obligation arising out of or resulting from noncompliance by TribalRides with any Applicable Law or any Order occurring
on or prior to the Closing Date;

 

(ix)  any
Liability or obligation of TribalRides with respect to Taxes;

 

(x) 
any Liability or obligation arising out of, or relating to, the Excluded Assets on or prior to the Closing Date;

 

(xi)  any Liability or obligation
under any Assumed Contract which arises after the Closing Date with respect to any breach or violation that occurred on or prior to the
Closing Date;

 

(xii) 
any Liability or obligation relating to or arising out of any Contracts of TribalRides other than the Assumed Contracts;

 

(xiii) 
any Liability or obligation relating to, or resulting from, TribalRides Intellectual Property to the extent arising on or prior
to the Closing Date;

 

(xiv) 
any Liability or obligation based upon TribalRides’ acts or omissions occurring after
the Closing Date (other than those relating to XNDA's ownership of the Purchased Assets); and

 

(xv) 
Governmental Charges for the period on or prior to the Closing Date; and

 

(xvi)  any
Liability or obligation of TribalRides under this Agreement or any of the Transaction Documents contemplated hereby.

 

(e)       No
Assumption of Liabilities for TribalRides Employees. TribalRides will continue to be responsible for and will discharge all obligations
and Liabilities in respect of all employees of TribalRides, and XNDA shall have no Liability whatsoever to any employees of TribalRides
prior to or after the Closing Date.

 

(f)       Post-Closing
Payments. All payments and reimbursements made by any third party in the name of or to TribalRides in connection with or arising out of
the Purchased Assets (other than payments relating to Excluded Assets or Retained Liabilities), shall be held by TribalRides in trust
for the benefit of XNDA and, promptly, and in any event within three (3) Business Days, after receipt by TribalRides of any such payment
or reimbursement, TribalRides shall pay over to XNDA the amount of such payment or reimbursement, together with all corresponding notes,
documentation and information received in connection therewith.

 

 

 

 

    	 	10	 

     

    

 

(g)       Taxes.

 

(i)  TribalRides
shall be responsible for and shall pay on Closing all Taxes payable in respect of the sale and transfer of the Purchased Assets to
XNDA. TribalRides and the Shareholders shall be responsible for all tax implications of the XNDA Shares issued pursuant to this
agreement.

 

(ii)  TribalRides
and XNDA each agree, upon reasonable request from the other party, to cooperate fully in connection with the preparation and filing
of any documents or Tax Returns with any Governmental Authority, and to use their commercially reasonable efforts to obtain any
document from any Governmental Authority or any other Person as may be necessary or commercially advisable to mitigate, reduce or
eliminate any Tax that could be imposed.

 

(h)       Contracts.
Prior the Closing, to the extent that specific assignments may be necessary or appropriate in respect of any of the Purchased
Assets, and/or to the extent that any of the Purchased Assets are represented by certificates of title or other documents, then
TribalRides will execute and deliver to XNDA any additional transfer documents, and shall endorse to and in the name of XNDA all
certificates of title and other such documents, as may be necessary or appropriate and requested by XNDA to effect the full transfer
to XNDA all of the Purchased Assets. Notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute
an agreement to assign or transfer any Assumed Contract if such assignment or transfer, or an attempt to make such an assignment or
transfer, without the consent of a third party would constitute a material breach or materially affect adversely the rights of XNDA
or TribalRides thereunder. To the extent that prior to the Closing Time, TribalRides has not obtained all necessary Consents
required to assign or transfer any Assumed Contract to XNDA, TribalRides shall use its commercially best reasonable efforts to
obtain such Consents as promptly as practicable thereafter. Until such Consents are obtained, TribalRides shall cooperate and shall
cause its representatives to cooperate with XNDA in any arrangement designed to provide XNDA with the interests, rights and benefits
of TribalRides under such Assumed Contract at no cost to XNDA in excess of the cost XNDA would have incurred, without modification
to the terms of such Assumed Contract, if such Consent had been obtained. Nothing in this Section shall be deemed to constitute an
agreement to exclude from the Purchased Assets any Assumed Contracts for which such Consents are not obtained; provided, however,
that XNDA shall be responsible for, and shall promptly pay all reasonable costs and expenses of TribalRides to establish, implement,
monitor, maintain, execute on, or carry into effect any such arrangement (including any reasonable costs and expenses incurred in
connection with enforcing rights under any such Assumed Contract), which TribalRides shall not incur without XNDA’s prior
written consent, to the same extent as if such Assumed Contract had been assigned or transferred at the Closing Time. The obligation
of TribalRides to cooperate with XNDA set forth in this Section shall not require TribalRides to incur any expenses, liabilities or
obligations or to provide any financial accommodation or to remain secondarily or contingently liable for any liabilities or
obligations under any applicable Assumed Contract.

 

2.2       XNDA Capitalization;
Pre-Closing and post-Closing Covenants.

 

(a)       [Reseerved]

 

 

ARTICLE 3

PURCHASE PRICE AND PAYMENT

 

3.1         Purchase Price; Payment.As consideration for the Asset
Purchase (the consideration listed in Section 3.1(a) shall be considered the “Purchase Price”):

 

(a)       XNDA agrees to issue to TribalRides twenty-five million (25,000,000) newly issued shares of the common stock,, $0.001 par value,
of XNDA (the “XNDA Stock”). In the aggregate, the shares of XNDA Stock issuable to the Shareholders will be approximately
eighty-three percent (83%) of the issued and outstanding Preferred Stock of XNDA, which will have the right to convert into (and votes
with respect to) approximately eighty-three percent (83%) of the issued and outstanding capital stock of XNDA, as of and immediately after
the Closing. In addition, XNDA has or shall issue up to five million additional shares to other consultants in connection with the transactions
contemplated hereby, and up to five million additional shares to accredited investors.

 

 

 

 

    	 	11	 

     

    

 

(b)       Each of TribalRides, XNDA and the Shareholders agree that this transaction is intended to qualify under Section 368(a)(1)(C) of
the Internal Revenue Code as a tax free transaction, and each Party agrees to execute and deliver such documents as may be reasonably
requested by another Party to effectuate such intent

 

3.3        Location and Time of the Closing.The Closing shall
take place electronically at 11:59 p.m., EST, on the Closing Date, or such other time on the Closing Date as may be agreed upon in writing
between XNDA and TribalRides (the "Closing Time").

 

3.4        reserved.

 

3.5        Right
of First Refusal. If XNDA shall choose to sell any Purchased Assets during the twelve (12) month period following the Closing, TribalRides
and the Shareholders shall have a first right of refusal to purchase such Assets from XNDA at fair market value. TribalRides shall have
a period of thirty days to elect to purchase the Assets related to the Purchased Assets, including the Purchased Assets. If TribalRides
or the Shareholders do not exercise its right to purchase such Assets during the thirty day notice period, XNDA and/or XNDA shall have
the right to sell such Assets.

 

3.6        Withholding Taxes.Notwithstanding
any other provision in this Agreement, XNDA shall have the right to deduct and withhold Taxes from any payment to be made under this
Agreement and any Transaction Documents if such withholding is required by any Applicable Laws and to collect all necessary Tax forms
from TribalRides. To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement
and any Transaction Document as having been delivered and paid to TribalRides.

 

 

ARTICLE 4

DUE DILIGENCE

 

4.1         Acknowledgements of XNDA. XNDA acknowledges that:

 

a)        
it has performed a due diligence investigation into the Purchased Assets, with the assistance of professional consultants;

 

b)         the
due diligence investigation has been performed to the satisfaction of XNDA as regards form, extent and depth;

 

c)         none
of the findings of the due diligence investigation or any information provided within the framework of that investigation has caused
XNDA to refrain from entering into this Agreement on the terms and conditions as stated herein;

 

d)         it
has had ample opportunity to investigate the information provided by TribalRides, and:

 

e)         it
has been granted access to buildings, accounts and documents related to the Purchased Assets;

 

f)        
it has been given an opportunity to ask questions to TribalRides on all issues which XNDA has deemed relevant in respect of (the
entering into) this Agreement and that, in XNDA’s opinion, these questions have been answered satisfactorily; and

 

g)        
it has been able to discuss all matters which it deems relevant in respect of the Transaction.

 

All information provided by TribalRides to XNDA
within the framework of the due diligence investigation, is accurate and no action was taken by Seller to hide or alter any information
related to the Purchased Assets or the due diligence investigation. All information provided shall be considered disclosed. Consequently,
without prejudice to any other provisions of this Agreement, (a) there will be no Claim and (b) the Seller will not be liable for any
matter causing a Claim, insofar as XNDA was or should have been aware of a Claim on the Closing Date.

 

 

 

    	 	12	 

     

    

 

ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF TRIBALRIDES

 

TribalRides represents and
warrants to XNDA as follows and acknowledges that XNDA is relying upon the representations and warranties set forth below in connection
with its purchase of the Purchased Assets.

 

5.1        Incorporation and Authority.TribalRides is a corporation,
duly organized, validly existing and in good standing under the laws of the State of Nevada. TribalRides has all requisite power and
authority to own or lease and operate its properties and assets and to carry on the provision of its services.

 

5.2       Power and Capacity.

 

(a)        TribalRides has the corporate power, authority and capacity to execute and deliver this Agreement and the Transaction Documents
and to perform its obligations under this Agreement and the Transaction Documents.

 

(b)        TribalRides Majority Shareholders have taken all necessary action to authorize the execution, delivery and performance of this
Agreement and each of the Transaction Documents to which it is a party.

 

(c)        This Agreement has been duly authorized, executed and delivered by TribalRides and the TribalRides Board of Directors and constitutes
the valid and binding agreement of TribalRides and is enforceable against TribalRides in accordance with its terms (except as the enforcement
of such obligations may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium and other
Applicable Laws relating to or affecting the enforcement of creditors' rights generally and by general principles of equity (regardless
of whether such enforcement is considered in a proceeding in equity or at law)).

 

5.3        Conflicts; Consents.The execution and delivery by
TribalRides of this Agreement and the Transaction Documents does not, and the consummation of the transactions associated with this Agreement
and the Transaction Documents will not:

 

(a)        violate any provision of the Organizational Documents of TribalRides;

 

(b)        result in the creation of any Encumbrance upon the Purchased Assets, nor will it conflict with or result in a breach of, require
a Consent, create an event of default (or event that, with the giving of notice or lapse of time or both, would constitute an event of
default) under, or give any Person the right to terminate, accelerate or modify any obligation or benefit under, any Assumed Contract
or by which the Purchased Assets are bound or affected;

 

(c)        result in a violation of, or require the Consent, other action by, or registration, declaration or filing with or notice to, any
Governmental Authority under any Applicable Law or Order applicable to the Purchased Assets. There is no pending or, to TribalRides’
Knowledge, threatened Proceeding against TribalRides or any TribalRides Shareholder before any Governmental Authority, to restrain or
prevent the consummation of the transactions contemplated under this Agreement and the Transaction Documents or that might affect the
right of XNDA to own and control the Purchased Assets; and

 

(d)        violate the UCC lien filings on the assets of TribalRides; and

 

(e)        contravene any Applicable Law.

 

 

 

 

    	 	13	 

     

    

 

5.4       Properties
and Assets. TribalRides is the owner of the Purchased Assets (other than Purchased Assets that are leased or licensed) with good and
marketable title thereto, free of all Encumbrances (including from Taxes, other than Taxes not yet due and payable). No TribalRide Shareholder
has any registered or beneficial interest in the Purchased Assets. Other than the UCC filings on the Purchased Assets, filed in the state
of Delaware, there are no agreements or restrictions which in any way limit or restrict the transfer to XNDA of any of the Purchased Assets.
Upon XNDA's payment of the Purchase Price, XNDA will own good, valid and marketable title to the Purchased Assets, free and clear of any
and all Encumbrances and good and valid title to the Purchased Assets, free and clear of any and all Encumbrances, will pass to XNDA.
XNDA shall not be liable in any way for any action taken with respect to the UCC lien on the Purchased Assets, and it shall be the Sellers’
sole responsibility to discharge all UCC liens on the Purchased Assets.

 

5.5       Compliance
with Laws. TribalRides is not now, and has never been in violation of any provision of any Applicable Law or order applicable to TribalRides
related to the Purchased Assets. TribalRides has not directly or indirectly made any payment of funds to any person, or received or retained
any funds from any person in violation of any Applicable Law related to the Purchased Assets. No event has occurred or circumstance exists
that (with or without notice or lapse of time) may constitute or result in a violation by TribalRides of, or a failure on the part of
TribalRides to comply with, any Applicable Law in connection with the Purchased Assets. TribalRides has not received any notice or other
communication (whether oral or written) from any Governmental Authority or any other Person regarding any actual, alleged, possible or
potential violation of, or failure to comply with, any Applicable Law in connection with the Purchased Assets or any actual, alleged,
possible or potential proceeding or obligation on the part of TribalRides to undertake, or to bear all or any portion of the cost of,
any remedial action of any nature in connection with the Purchased Assets.

 

5.6        Consents and Approvals.No authorization,
consent or approval of, or filing with or notice to, any Governmental Authority or other Person is required by TribalRides in connection
with the execution, delivery or performance of this Agreement and the Transaction Documents or the completion of the transactions contemplated
by this Agreement and the Transaction Documents. The transfer of the Purchased Assets will not violate any terms of the UCC lien filings
related to the Purchased Assets.

 

5.7        Licenses, Permits, Orders and
Authorizations. No licenses, approvals, consents, ratifications, waivers, notices, registrations, qualifications, designations,
filings, franchises, authorizations, security clearances and other permits of, to, from or with, any Governmental Authority are
required under Applicable Laws to permit TribalRides to own, operate, use and maintain the Purchased Assets in the manner in which
they are now operated and maintained.

 

5.9        No Undisclosed Liabilities.TribalRides
does not have any Liability related to the Purchased Assets (and there is no basis for any present or future Proceeding giving rise to
any Liability), TribalRides has no Indebtedness related to the Purchased Assets and has not provided any Guarantee for any Indebtedness
related to the Purchased Assets. It is understood by TribalRides and the Shareholders that XNDA is not assuming any liabilities of TribalRides,
and XNDA shall not be responsible or liable for the lien on the Purchased Assets, which shall be discharged by Seller prior to Closing.

 

5.10       Tax Matters.

 

(a)        TribalRides
has timely filed all Tax Returns required TribalRides under all Applicable Laws pertaining to Taxes and to which TribalRides is subject
and all such Tax Returns are accurate and complete in all respects.

 

(b)        TribalRides has have timely paid all Taxes in respect of the Purchased Assets and the Purchased Assets which are capable of forming
or resulting in an Encumbrance on the Purchased Assets or of becoming a Liability or obligation of XNDA.

 

(c)        Any and all Liabilities of TribalRides for Taxes attributable to taxable years ending on or before the Closing Date, whether or
not due as of the Closing Date, have been accrued as Liabilities on the TribalRides Financial Statements and shall be the responsibility
of TribalRides (and/or the TribalRide Management) and there are no Taxes outstanding as of the Closing Date.

 

 

 

 

    	 	14	 

     

    

 

(d)        No examination or audit of any Tax Return of TribalRides is in progress. All deficiencies proposed as a result of any examination
or audit of any Tax Return filed by TribalRides has been paid or finally settled and no issue has been raised in any such examination
or audit that, by application of similar principles, reasonably can be expected to result in the assertion of a deficiency for any other
year not so examined or audited.

 

(e)        There are no Proceedings pending against TribalRides in respect of any Taxes in respect of the Purchased Assets, nor has any such
event been asserted or threatened against TribalRides.

 

(f)        There are no Encumbrances related to Taxes outstanding against any of the Purchased Assets other than for Taxes not yet due and
payable.

 

5.11        Litigation.There is no Proceeding against or involving
TribalRides (whether in progress or threatened) and no Proceeding has ever been commenced against TribalRides related to any Purchased
Asset. No event has occurred which might give rise to any Proceeding and there is no Order of any Governmental Authority related to any
Purchased Asset to which TribalRides is subject.

 

5.12        Corrupt Practices.Neither
TribalRides nor, to the Knowledge of TribalRides, any officer, director, employee, advisor or agent of TribalRides, has made any payment,
directly or indirectly, on behalf of or to the benefit of TribalRides, in violation of any Applicable Laws prohibiting the payment of
undisclosed commissions or bonuses or the making of bribe or incentive payments or other arrangements of a similar nature with respect
to the conduct of the Purchased Assets, including the Foreign Corrupt Practices Act (U.S.), and TribalRides has instituted and
maintains policies and procedures designed to ensure continued compliance with such Applicable Laws.

 

5.13       reserved.

 

5.14        Contracts.Correct and complete copies of all written
Contracts related to the Purchased Assets are disclosed in the TribalRides Disclosure Schedule. The Contracts disclosed in the TribalRides
Disclosure Schedule represent all of the Assigned Contracts and each such Contract is a legal and valid obligation of TribalRides and;

 

(a)        each other Person party thereto, binding and enforceable against TribalRides and, each other Person party thereto, in accordance
with its terms;

 

(b)        no such Contract has been terminated and neither TribalRides, nor, any other Person is in breach or default thereunder, no event
has occurred that with notice or lapse of time, or both, would constitute a breach or default, or permit termination, modification in
any manner adverse to TribalRides, or acceleration thereunder;

 

(c)        no party has asserted or has (except by operation of law) any right to offset, discount or otherwise abate any amount owing
under any such Contract except as expressly set forth in such Contract;

 

(d)        no party to any Assumed Contract intends to cancel, terminate or exercise any option under any Assumed Contract; and

 

(e)        TribalRides has not made any prior assignment of any Assumed Contract or any of its rights or obligations thereunder.

 

5.15        No Default.TribalRides is not in violation or breach
of, or default under, and there exists no event, condition or occurrence which, with notice or passage of time or both, would constitute
a default under, or give rise to any termination rights under, any provision of an Assumed Contract, license, concession, franchise,
permit or grant with respect to the Purchased Assets.

 

 

 

 

    	 	15	 

     

    

 

5.16        Insurance.TribalRides has
not and has never held any insurance policies in respect of the Purchased Assets.

 

5.17        Employee Plans; ERISA.TribalRides currently does
not and never has established an Employee Plan of any kind. TribalRides does not have any Liability with respect to any Person under
Title IV of ERISA.

 

5.18        Intellectual Property.

 

(a)        Except for Licensed Intellectual Property, all Intellectual Property used, in whole or in part by TribalRides in connection with
the Purchased Assets is Owned Intellectual Property.

 

(b)        The TribalRides Disclosure Schedule lists all Owned Intellectual Property that consist of trade marks and trade mark applications,
trade names, certification marks, patents and patent applications, copyrights and industrial designs, the offices (if any) in which the
same is registered (being the only offices where such registration is necessary to preserve the right thereto); and the applicable expiry
dates of any registration.

 

(c)        The TribalRides Disclosure Schedule lists all Licensed Intellectual Property.

 

(d)        All Owned Intellectual Property is owned by TribalRides free and clear of Encumbrances, covenants, conditions, options to purchase
and restrictions or other adverse claims or interests of any kind or nature.

 

(e)        To the extent that any Intellectual Property used by, or developed on behalf of, TribalRides for use in connection with the Purchased
Assets was created by an employee of, or independent contractor or consultant to, TribalRides, such Persons have each irrevocably assigned
to TribalRides in writing all rights to such Intellectual Property; TribalRides has not received any notice or claim challenging ownership
of or rights by TribalRides to such Intellectual Property or suggesting that such Person has any claim of legal or beneficial ownership
or other claim or interest with respect thereto nor, is there a reasonable basis for such a claim.

 

(f)        All current and former directors, officers, employees, consultants and independent contractors of TribalRides have entered into
enforceable confidentiality agreements with TribalRides in form adequate to protect the Owned Intellectual Property.

 

(g)        All rights to the Owned Intellectual Property or Licensed Intellectual Property are valid and enforceable. TribalRides has not
received any notice or claim challenging or questioning the validity or enforceability of any Owned Intellectual Property or Licensed
Intellectual Property. There is no Proceeding which is ongoing or, alleged (including any opposition, re-examination or protest) which
might result in the Owned Intellectual Property being invalidated, revoked or the subject of a compulsory license. To the Knowledge of
TribalRides, there is no Proceeding which is ongoing or alleged (including any opposition, re- examination or protest) which might result
in the Licensed Intellectual Property being invalidated or revoked or the subject of a compulsory license.

 

(h)        In the case of Licensed Intellectual Property, TribalRides has entered into valid and enforceable written agreements (the "License
Agreements") pursuant to which TribalRides has been granted all licenses to develop manufacture, import, export, use, reproduce,
sub-license, sell, offer for sale, or otherwise exploit the Licensed Intellectual Property to the extent required to operate all aspects
of the Purchased Assets. All License Agreements are in full force and effect and neither TribalRides nor any licensor is in default of
its obligations thereunder. Correct and complete copies of all License Agreements have been made available to XNDA.

 

(i)        All fees payable in respect of the maintenance of Owned Intellectual Property have been paid and all registrations and applications
for registration of any Owned Intellectual Property are in good standing; TribalRides has prosecuted, and is prosecuting, such applications
diligently. All fees payable in respect of the maintenance of the Licensed Intellectual Property have been paid and all registrations
and applications for registration of any Licensed Intellectual Property are in good standing and, to the Knowledge of TribalRides, the
licensors of the Licensed Intellectual Property have prosecuted, and are prosecuting, such applications diligently.

 

 

 

 

    	 	16	 

     

    

 

(j)        To the Knowledge of TribalRides, there has been no infringement of any other Person's rights to Intellectual Property and no facts
exist which would reasonably lead to such infringement.. TribalRides is not or has not been a party to Proceeding nor, to the Knowledge
of TribalRides has any Proceeding been threatened, that alleges that the conduct of the Purchased Assets infringes any other Person's
rights to the Owned Intellectual Property or the Licensed Intellectual Property. To the Knowledge of TribalRides, no Person has infringed
or is infringing the right of TribalRides in or to any Owned Intellectual Property or Licensed Intellectual Property.

 

(k)        TribalRides is not a party to any agreement involving the grant by TribalRides to any Person of any right to the Owned Intellectual
Property.

 

5.24        Computer Systems.Schedule 5.24 to the TribalRides
Disclosure Schedule sets out an accurate and complete list of all:

 

(a)        machinery, equipment, parts and accessories that is or includes computer or communications hardware owned or operated by or on
behalf of TribalRides in connection with the Purchased Assets (the "Computer Systems Hardware");

 

(b)        Intellectual Property that is computer software (including, where applicable, documentation, source code and back-ups) owned or
used by or on behalf of TribalRides in connection with the Purchased Assets, whether stored on or off-site (the "Computer Systems
Software");

 

(c)        machinery and equipment which incorporates or relies upon Computer Systems Hardware or Computer Systems Software (the "Computer
Dependent Equipment");

 

(d)        permits, licences, approvals, consents, authorizations, registrations, certificates and franchises (including applicable expiry
dates) relating to Computer Systems Hardware, Computer Systems Software and Computer Dependent Equipment; and

 

(e)        Contracts relating to Computer Systems Hardware, Computer Systems Software and Computer Dependent Equipment, including, all relevant
maintenance, extended warranty, software escrow, network service, service bureau, outsourcing and on-line service agreements and arrangements
(the "Computer Systems Contracts").

 

(f)        the original media for any Computer Systems Software purchased by TribalRides, together with proofs of purchase, are available
to facilitate upgrades. All Computer Systems Hardware and Computer Dependent Equipment has been installed and operated at all times in
accordance with applicable manufacturers' or suppliers' maintenance or warranty requirements.

 

5.25        Assets in Good Condition.All the physical Assets
comprising the Purchased Assets are in good operating condition and in a state of good maintenance and repair having regard to the use
to which the Assets are put and the age thereof. There are no facts or conditions affecting the Purchased Assets which could interfere
in any respect with the use, occupancy or operation of the Purchased Assets as currently used, occupied or operated.

 

5.26        Inventory; Product
Warranties and Claims.

 

(a)       TribalRides
has no inventory, finished goods, work in process or raw materials.

 

(b)       TribalRides
has not given any written or oral product warranty, express or implied, and no product warranty or product liability claim (or claim
in the nature thereof) against TribalRides in respect of the products manufactured or sold in respect of the Purchased Assets has been
made or, threatened, since TribalRides’ incorporation, nor do facts or circumstances exist that could reasonably be expected to
result in any such claim. TribalRides has not made a product warranty or liability claim (or claim in the nature thereof) against any
supplier thereto in respect of the products manufactured or sold in respect of the Purchased Assets since TribalRides' incorporation.

 

 

 

 

    	 	17	 

     

    

 

5.27       Environmental Matters.

 

(a)       TribalRides has not emitted, discharged, deposited or released or caused or permitted to be emitted, discharged, deposited or released,
any Hazardous Materials on, from, under or to any premises or area owned, leased or utilized by TribalRides, or in connection with the
operation of the Purchased Assets, except in compliance with Applicable Laws;

 

(b)       There has been no exposure of any Person or property to Hazardous Materials generated by or in connection with the operation of
the Purchased Assets by TribalRides that could reasonably be expected to form the basis for a claim for injuries, damages or compensation;
and

 

(c)       TribalRides has not permitted any premises or area owned, leased or utilized by TribalRides to be used for the disposal of any
Hazardous Material.

 

5.28       Privacy
Laws. TribalRides is in material compliance with all Applicable Laws in respect of: (a) the collection, use and storage by TribalRides
of Personal Information in the course of the Purchased Assets; and (b) the disclosure or transfer to third parties by TribalRides of Personal
Information in the course of the Purchased Assets.

 

5.29       Books of Account.The books
and records of TribalRides maintained in respect of the Purchased Assets accurately record all financial transactions in respect of the
Purchased Assets.

 

5.30       Brokers'
Fees. No broker, finder, investment banker or other Person is entitled to any brokerage fee, finders' fee or other commission or payment
in connection with the transactions contemplated by this Agreement based on arrangements made by TribalRides.

 

5.31       Bulk
Sales Act. TribalRides shall, prior to closing, provide XNDA with an affidavit outlining all of TribalRides’ secured and unsecured
creditors, and shall take all actions, including filing such affidavit with such government department or court as is necessary to perfect
such affidavit. TribalRides understand and agree that XNDA shall not be liable to any creditors of TribalRides, and shall not be held
responsible or liable for any action by any TribalRides creditors who obtain a declaration that the sale of the Purchased Assets was invalid,
or for any TribalRides creditors who attempt, or actually take possession of any of the Purchased Assets.

 

5.32       Material Facts Disclosed.Neither
this Agreement, the Transaction Documents, nor any Schedule or Exhibit attached hereto furnished to XNDA by TribalRides contains any
untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein or
herein, in light of the circumstances under which they were made, not misleading.

 

 

ARTICLE 6

REPRESENTATIONS AND WARRANTIES OF XNDA

 

XNDA represents and warrants to TribalRides and
the Shareholders as follows and acknowledges that TribalRides and the Shareholders are relying upon the representations and warranties
set forth below in connection with the sale of the Purchased Assets.

 

6.1        Incorporation and Authority.XNDA
is a corporation, duly organized, validly existing and in good standing under the laws of the State of Colorado. XNDA has all requisite
power and authority to own or lease and operate its properties and Assets and to carry on the provision of their services.

 

6.2        Power and
Capacity.

 

(a)             
XNDA has the corporate power, authority and capacity to execute and deliver this Agreement and the Transaction Documents and to
perform its obligations under this Agreement and the Transaction Documents.

 

 

 

 

    	 	18	 

     

    

 

(b)             
XNDA has taken all necessary action to authorize the execution, delivery and performance of this Agreement and each of the Transaction
Documents to which it is a party.

 

(c)             
This Agreement has been duly authorized, executed and delivered by XNDA and constitutes the valid and binding agreement of XNDA
and is enforceable against XNDA in accordance with its terms (except as the enforcement of such obligations may be limited by applicable
bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium and other Applicable Laws relating to or affecting the enforcement
of creditors' rights generally and by general principles of equity (regardless of whether such enforcement is considered in a proceeding
in equity or at law).

 

6.3        Conflicts; Consents.The execution and delivery by
XNDA of this Agreement and the Transaction Documents does not, and the consummation of the transactions associated with this Agreement
and the Transaction Documents does not and will not:

 

(a)             
violate any provision of the Organizational Documents of XNDA;

 

(b)             
result in the creation of any Encumbrance upon the provision of any of XNDA's services, nor will it conflict with or result in
a breach of, require a Consent, create an event of default (or event that, with the giving of notice or lapse of time or both, would constitute
an event of default) under, or give any Person the right to terminate, accelerate or modify any obligation or benefit under, any Contract
to which XNDA is a party;

 

(c)             
result in a violation of, or require the Consent, other action by, or registration, declaration or filing with or notice to, any
Governmental Authority under any Applicable Law or order applicable to XNDA and the provision of any of XNDA's services; and

 

(d)             
contravene any Applicable Law.

 

6.4        Solvency.XNDA is not now insolvent and will not
be rendered insolvent by any of the transactions contemplated under this Agreement and the Transaction Documents. As used in this section,
"insolvent" means that the sum of the Liabilities of XNDA, as applicable, exceeds the present fair saleable value of
XNDA's. Immediately after giving effect to the consummation of the transactions contemplated under this Agreement and the Transaction
Documents: (a) XNDA will be able to pay its Liabilities as they become due in the usual course of its business; (b) XNDA will not have
unreasonably small capital with which to conduct its present or proposed business; and (c) XNDA will have Assets (calculated at fair
market value) that exceed its Liabilities.

 

6.5        Authorized Capital.The authorized
capital of the XNDA consists of 50,000,000 shares of common stock, of which 5,857,500 are issued and outstanding, and no shares of Series
A Preferred Stock.

 

6.6        Valid Issuance of Securities.The
XNDA Stock comprising the Purchase Price that are being issued to TribalRides and ASKCO hereunder when issued and delivered in accordance
with the terms hereof for consideration in accordance with the terms hereof will be duly and validly issued, fully paid and non-assessable
and free of restrictions on transfer other than restrictions on transfer in the Organizational Documents, and applicable securities laws
and regulations.

 

6.7        Tax
Matters. XNDA has timely filed all Tax Returns required under all Applicable Laws pertaining to Taxes and to which XNDA is subject.
XNDA has timely paid all Taxes required by Applicable Laws to be paid, whether or not shown on any Tax Return. All such Tax Returns are
accurate and complete. No examination or audit of any Tax Return of XNDA is in progress.

 

6.8        Undisclosed
Liabilities. XNDA nor any of its subsidiaries has any Liability (and there is no basis for any present or future Proceeding against
any of them giving rise to any Liability), except for (a) Liabilities set forth on the face of the most recent balance sheet (rather than
in any notes thereto) and (b) Liabilities that have arisen after the most recent fiscal month end in the ordinary course of business (none
of which results from, arises out of, relates to, is in the nature of, or was caused by any breach of contract, breach of warranty, tort,
infringement, or violation of law).

 

 

 

 

    	 	19	 

     

    

 

ARTICLE 7 [RESERVED]

 

 

ARTICLE 8

CLOSING DELIVERIES AND CONDITIONS

 

8.1        Closing Deliveries from TribalRides to XNDA.On or
prior to the Closing Time, TribalRides will duly execute, if applicable, and deliver to XNDA:

 

(a)        Consents and Orders. Evidence that TribalRides has, at TribalRides' expense and without cost or other adverse consequence to XNDA,
sent all notices, made all filings and obtained all Consents and Orders required to be sent, made and obtained by TribalRides in connection
with the execution and delivery of this Agreement, the Transaction Documents and the consummation of the transactions contemplated hereunder;
provided, that, it shall not be a condition to Closing that TribalRides obtain any Consents with respect to any Assumed Contracts that
qualify under Section 2.1(h).

 

(b)        Delivery of Agreements. On or prior to the Closing Time, the following agreements shall have been delivered to XNDA, in form and
substance satisfactory to XNDA:

 

(i)  a certificate of status
for TribalRides issued as of the Closing Date by the applicable Governmental Authority;

 

(ii) 
copies of resolution of the TribalRides Management, as applicable, authorizing and approving the execution, delivery and performance
of this Agreement, the Transaction Documents and the consummation of the transactions contemplated hereunder;

 

(iii) 
the TribalRides Disclosure Schedule;

 

(iv) 
TribalRides IP Assignment Agreements duly executed by TribalRides;

 

(v) 
the Bill of Sale;

 

(vi) 
Assignment and Assumption Agreement;

 

(vii)  An affidavit filed
with the proper government department detailing the secured and unsecured creditors of TribalRides;

 

(viii) 
such other bills of sale, assignments, deeds, certificates of title, documents and other instruments of transfer and conveyance
as may be reasonably requested by XNDA, each in form and substance satisfactory to XNDA, dated the Closing Date and duly executed by TribalRides;

 

(ix) 
any other assurances, agreement, documents and instruments as may be reasonably requested by XNDA to effect the transactions contemplated
by this Agreement and the Transaction Documents.

 

(c)        Discharge of Charges. TribalRides shall have delivered to XNDA evidence in form and substance satisfactory to XNDA, acting reasonably,
that all Governmental Charges affecting the Purchased Assets have been discharged in full, other than any Governmental Charges which,
pursuant to the terms of this Agreement, are not required to be discharged.

 

(d)        Change of Name. TribalRides shall deliver an instrument in writing, in form and substance satisfactory to XNDA, acting reasonably,
whereby it agrees that within one year after the Closing Date it will take or cause to be taken all such action as may be necessary to
change the name of TribalRides to some other name which does not include "Coordinates Collection, Inc." or any similar name.

 

 

 

 

    	 	20	 

     

    

 

(e)        Delivery of Books and Records. Within five (5) days after the Closing Date, TribalRides shall have delivered to XNDA all books,
records, lists of suppliers and customers and other documents, files and data relating to the Purchased Assets, all of which shall become
the property of XNDA.

 

8.2       Closing Deliveries
from XNDA.

 

At the Closing, XNDA will duly execute, if applicable, and deliver
to TribalRides:

 

(a)        copies of resolutions of XNDA's directors, managers, managing members or the shareholders, as the case may be, authorizing and
approving the execution, delivery and performance of this Agreement, the Transaction Documents and the consummation of the transactions
contemplated hereunder;

 

(b)        the executed counterpart signature page of XNDA to the Assignment Assumption Agreement and Consulting Agreement;

 

(c)        any other assurances, agreement, documents and instruments as may be reasonably requested by XNDA to effect the transactions contemplated
by this Agreement and the Transaction Documents.

 

(d)        a stock certificate or certificates evidencing the Purchase Price;

 

(e)        copies of resolutions of XNDA's directors, managers, managing members or the shareholders, as the case may be, authorizing and
approving the execution, delivery and performance of this Agreement, the Transaction Documents and the consummation of the transactions
contemplated hereunder;

 

(f)        any other assurances,
agreement, documents and instruments as may be reasonably requested by TribalRides or the Shareholders to effect the transactions contemplated
by this Agreement and the Transaction Documents.

 

 

ARTICLE 9

INDEMNIFICATION AND BREACH OF WARRANTIES

 

9.1        Breach of Warranties and Indemnification by TribalRides.Subject
to the limitations contained in this Agreement, TribalRides agrees to indemnify and hold XNDA, its directors, officers, employees and
representatives (each, an "XNDA Indemnified Party" and collectively, the "XNDA Indemnified Parties")
harmless from and after the Closing Time, against and in respect of any Losses resulting from:

 

(a)        any Loss of any XNDA Indemnified Party or the Purchased Assets as a result of any breach of representation or warranty by TribalRides
or any TribalRides Shareholder contained in this Agreement, the TribalRides Disclosure Schedule or the Transaction Documents or in any
certificate or document delivered pursuant to or contemplated by this Agreement or any Transaction Document;

 

(b)        any Loss of any XNDA Indemnified Party or the Purchased Assets as a result of any breach or any non-fulfilment of any covenant
or agreement on the part of TribalRides or any TribalRides Shareholder contained in this Agreement, the TribalRides Disclosure Schedule
or the Transaction Documents or in any certificate or document delivered pursuant to or contemplated by this Agreement or any Transaction
Document;

 

(c)        any Loss of any XNDA Indemnified Party or the Purchased Assets relating to any matter in regards to the Purchased Assets that occurred
on or prior to the Closing Time that is not an Assumed Liability;

 

(d)        any Loss of any XNDA Indemnified Party or the Purchased Assets arising, directly or indirectly, from a Retained Liability paid
by XNDA;

 

 

 

 

    	 	21	 

     

    

 

(e)        any warranty, damage or similar claim made against any XNDA Indemnified Party for or arising from defects in any goods, materials
or workmanship, in each case provided by TribalRides on or prior to the Closing Time for which any XNDA Indemnified Party is or is alleged
to be liable; and

 

(f)        any loss of XNDA related to any TribalRides creditor, which shall include, but not be limited to, any claim that the sale of the
Purchased Assets was invalid due to any Bulk Sales Act provision; and

 

(g)        all claims, demands, costs and expenses, including reasonable legal expenses, in respect of the foregoing.

 

In the case of a breach or breaches of any TribalRides
Warranty or Warranties listed in this Agreement, and in order to provide an opportunity for TribalRides to remedy a Breach, to limit the
existence and/or the extent of the Damage, or to determine which steps must be taken to limit the Damage, XNDA shall:

 

a)       
give notice of facts and/or circumstances that may give cause for filing a claim by virtue of this Agreement within a period of one month
after those facts and/or circumstances have been discovered;

 

b)         provide
TribalRides and its advisors with all relevant information relating to the potential Breach;

 

c)         not accept or acknowledge
any liability on account of any Claim which may give rise to a Claim against TribalRides without its prior written consent;

 

d)         enable TribalRides –
if it so desires – to set up its own defense against any claims filed by third parties, which claims are based on the Breach.

 

XNDA hereby declares to be unaware of any Breach of TribalRides’
Warranties as at the date of this Agreement.

 

9.2        Indemnification by XNDA.Subject to the limitations
contained in this Agreement, XNDA agrees to indemnify and hold TribalRides and its directors, officers, employees and representatives
(each, a "Seller Indemnified Party" and collectively, the "Seller Indemnified Parties") harmless from
and after the Closing Time, against and in respect of any Losses resulting from:

 

(a)        any
Loss of any Seller Indemnified Party as a result of any breach of representation or warranty by XNDA contained in this Agreement or the
Transaction Documents or in any certificate or document delivered pursuant to or contemplated by this Agreement or any Transaction Document;

 

(b)        any Loss of any Seller Indemnified Party as a result of any breach or any non-fulfilment of any covenant or agreement on the part
of XNDA contained in this Agreement or the Transaction Documents or in any certificate or document delivered pursuant to or contemplated
by this Agreement or any Transaction Document;

 

(c)        any Loss of any Seller Indemnified Party arising, directly or indirectly, from an Assumed Liability;

 

(d)        any Loss of any XNDA Indemnified Party or the Purchased Assets relating to any matter in regards to the Purchased Assets that occurred
after the Closing Time, provided, that such matter is not as a result of the actions of any Seller Indemnified Party prior to the Closing
Time; and

 

(e)        all claims, demands, costs and expenses, including reasonable legal expenses, in respect of the foregoing.

 

 

 

 

    	 	22	 

     

    

 

9.3        Notice of Claim.If XNDA, XNDA or TribalRides wishes
to make a Claim on their own behalf or on behalf of a XNDA Indemnified Party or Seller Indemnified Party, as applicable, such party shall
promptly give notice to the other of the Claim. Notice of any Claim shall specify with reasonable particularity (to the extent that the
information is available):

 

(a)        the factual basis for the Claim, and any provisions of the Agreement, or of any Applicable Laws, relied upon; and

 

(b)        the amount of the Claim or, if an amount is not then determinable, an approximate and reasonable estimate of the potential amount
of the Claim.

 

9.4        Procedure for Indemnification
by XNDA Indemnified Parties.

 

(a)        Direct Claims. Following receipt of notice of a Direct Claim, either the Sellers, the Holders or XNDA, as applicable, (each an
"Indemnifying Party") shall have 30 days to make such investigation of the Direct Claim as the Indemnifying Party considers
necessary or desirable, as applicable. For the purpose of such investigation, either the applicable XNDA Indemnified Party or the applicable
Seller Indemnified Party (each an "Indemnified Party") shall make available to the Indemnifying Party and its representatives
the information relied upon by Indemnified Party to substantiate the Direct Claim. If Indemnified Party and the Indemnifying Party agree
at or prior to the expiration of such 30-day period (or any extension thereof agreed upon by the parties) as to the validity and amount
of the Direct Claim, Indemnifying Party and Indemnified Party shall execute a settlement agreement and Indemnifying Party shall immediately
pay to Indemnified Party the full agreed upon amount of the Direct Claim, and the terms of Section 8.1 shall apply in respect of such
payment. If such parties do not agree within such period (or any mutually agreed upon extension thereof), the Indemnifying Party and Indemnified
Party agree that the dispute shall be submitted to the dispute resolution procedures under Section 9.4.

 

(b)        Third Party Claims.

 

(i)  With
respect to any Third Party Claim, the Indemnifying Party shall have the right, at its own expense, to participate in or assume
control of the negotiation, settlement or defense of the Third Party Claim and, in such event, the Indemnifying Party shall
reimburse the Indemnified Party for all of the Indemnified Party's out-of-pocket expenses as a result of such participation or
assumption. If the Indemnifying Party elects to assume such control, the Indemnified Party shall have the right to participate in
the negotiation, settlement or defense of such Third Party Claim at its own expense and shall have the right to disagree on
reasonable grounds with the selection and retention of legal counsel, in which case legal counsel satisfactory to both the
Indemnifying Party and the Indemnified Party shall be retained by the Indemnifying Party.

 

(ii)  If
the Indemnifying Party, having elected to assume control as contemplated in Section 9.4(b)(i), thereafter fails to defend such Third
Party Claim within a reasonable time, the Indemnified Party shall be entitled to assume such control and the Indemnifying Party
shall be bound by the results obtained by the Indemnified Party with respect to such Third Party Claim.

 

(iii)  In
the event that any Third Party Claim is of a nature such that the Indemnified Party is required by Applicable Laws to make a payment
to any Third Party with respect to such Third Party Claim before the completion of settlement negotiations or related legal
proceedings, the Indemnified Party may make such payment and the Indemnifying Party shall, forthwith after demand by the Indemnified
Party, reimburse the Indemnified Party for any such payment. If the amount of any liability under the Third Party Claim in respect
of which such a payment was made, as finally determined, is less than the amount which was paid by the Indemnifying Party to the
Indemnified Party, the Indemnified Party shall, forthwith after receipt of the difference from the Third Party, pay such difference
to the Indemnifying Party.

 

(iv)  Except
in the circumstances contemplated by Section 9.4(b)(ii), whether or not the Indemnifying Party assumes control of the negotiation,
settlement or defense of any Third Party Claim, the Indemnified Party shall not negotiate, settle, compromise or pay any Third Party
Claim except with the prior written consent of the Indemnifying Party (which consent shall not be unreasonably delayed or
withheld).

 

 

 

 

    	 	23	 

     

    

 

(v)  The
Indemnified Party shall not permit any right of appeal in respect of any Third Party Claim to terminate without giving the
Indemnifying Party notice thereof and an opportunity to contest such Third Party Claim.

 

(vi)  The
Parties shall cooperate fully with each other with respect to Third Party Claims, shall keep each other fully advised with respect
thereto (including supplying copies of all relevant documentation promptly as it becomes available) and shall each designate a
senior officer who will keep himself/herself informed about and be prepared to discuss the Third Party Claim with his or her
counterpart and with legal counsel at all reasonable times.

 

(vii)  Notwithstanding
anything to the contrary contained herein, the Indemnifying Party shall not settle any Third Party Claim without the consent of the
Indemnified Party unless the settlement includes a complete release of the Indemnified Party with respect to the Third Party Claim
and does not include any admission of guilt or fault on the part of the Indemnified Party.

 

9.5        Subrogation.In the event that an Indemnifying Party
shall be obligated to indemnify an Indemnified Party pursuant to the terms of this Agreement, the Indemnifying Party shall, upon fulfillment
of its obligations with respect to indemnification (including payment in full of all amounts due pursuant to its indemnification obligations)
be subrogated to all rights of the Indemnified Party with respect to the claims to which such indemnification relates.

 

9.6       Limitations on Indemnification.
Notwithstanding anything to the contrary herein notwithstanding:

 

(a)       Limitations
on TribalRides' Liability for Indemnification. TribalRides shall be required to indemnify any XNDA Indemnified Party for any Loss arising
in respect of Claims for breaches or representations and warranties pursuant Section 8.1(a); provided, that, the aggregate indemnification
Liability to be paid by TribalRides under Section 9.1(a) shall be $1,000.00 (the "Seller Cap"). Notwithstanding
the foregoing, the Seller Cap shall not apply to, or otherwise reduce or limit a Claim for:

 

(i)  for
a breach of the representations and warranties contained in Sections 4.1 (Incorporation and Authority), 4.2 (Power and Capacity),
4.3 (Conflicts; Consents), 4.6 (Properties and Assets), 4.8 (Consents and Approvals), 4.9 (Licenses, Permits, Orders and
Authorizations), 4.12 (Tax Matters), 4.13 (Litigation); 4.25 (Intellectual Property) and 4.30 (Environmental Matters);

 

(ii)  for
a breach of any of the TribalRides IP Assignment Agreements; or

 

(iii)  any
lawsuit or loss or action involving XNDA related to the lien on the Purchased Assets or any liabilities of TribalRides.

 

(iv)  any Loss caused
by fraud, gross negligence or willful misconduct of TribalRides or any TribalRides Shareholder.

 

(b)       Limitations
on XNDA's Liability for Indemnification. XNDA shall be required to indemnify any Seller Indemnified Party for any Loss arising in respect
of Claims for breaches of representations and warranties pursuant to Section 8.2(a).

 

9.7        Exclusive Remedy.The rights
of indemnity set forth in this Article 9 are the sole and exclusive remedy of each Party in respect of any misrepresentation, breach
of warranty or breach of covenant by the other Party hereunder. Accordingly, each Party waives, from and after the Closing Time, any
and all rights, remedies and claims that such Party may have against the other, whether at law, under any statute or in equity (including
but not limited to claims for breach of contract, breach of representation and warranty, negligent misrepresentation and all claim for
breach of duty), or otherwise, directly or indirectly, relating to the provisions of this Agreement or the transactions contemplated
by the Agreement or the Transaction Documents other than as expressly provided for in this Article 9 and other than those arising from
fraud, gross negligence or willful misconduct. The Parties agree that if a Claim is made by one Party in accordance with Section 9.1
or 9.2, as the case may be, and there has been a refusal by the other Party to make payment or otherwise provide satisfaction in respect
of such Claim, then a Proceeding in accordance with Section 9.4 is an appropriate means to seek a remedy for such refusal. This Article
shall remain in full force and effect in all circumstances and shall not be terminated by a breach (fundamental, negligent or otherwise)
by any part of its representations, warranties or covenants hereunder or under any documents delivered pursuant hereto or by any termination
or rescission of this Agreement by any Party. Notwithstanding the foregoing, in the event of a breach of Article 10 or a breach by TribalRides
of any TribalRides IP Assignment Agreement to which it is a party, the aggrieved party shall be entitled to seek immediate injunctive
relief and for avoidance of doubt, the Seller Cap shall not apply in the event of a breach of Article 10 or any TribalRides IP Assignment
Agreement to which it is a party.

 

 

 

    	 	24	 

     

    

 

9.8        Survival of Representations, Warranties
and Covenants. To the extent that they have not been fully performed at or prior to the Closing Time, the representations and warranties,
covenants and agreements contained in this Agreement and in all certificates and documents delivered pursuant to or contemplated by this
Agreement shall terminate at the expiration of 18 months following the Closing, except the representations and warranties contained in:

 

(a) 
Sections 5.1 (Incorporation and Authority), 5.2 (Power and Capacity), 5.3 (Conflicts; Consents), 5.6 (Properties and Assets), 5.7
(Compliance with Laws), 5.8 Consents and Approvals), 5.9 (Licenses, Permits, Orders and Authorizations), 5.13 (Litigation); 5.25 (Intellectual
Property) and 5.30 (Environmental Matters);

 

(b) 
Sections 6.1 (Incorporation and Authority), 6.2 (Power and Capacity) and 6.3 (Conflicts; Consents);

 

(c) 
Sections 7.1 (Incorporation and Authority), 7.2 (Power and Capacity), 7.3 (Conflicts; Consents);

 

(d) 
Section 5.12 (Tax Matters) in respect of any Taxes arising in or in respect of a period shall terminate on the date which is the
day after the relevant Governmental Authority is no longer entitled to assess or reassess liability for Taxes (other than interest on
any Tax owing) against TribalRides, as the case may be, for that period, having regard, without limitation, to any waivers given by TribalRides
in respect of such period, except to the extent that any misrepresentation has been made or any fraud has been committed by TribalRides
in filing a Tax Return or in supplying information for the purposes of any Applicable Law imposing Tax on TribalRides; and

 

(e) 
Section 7.6 (Tax Matters) in respect of any Taxes arising in or in respect of a period shall terminate on the date which is the
day after the relevant Governmental Authority is no longer entitled to assess or reassess liability for Taxes (other than interest on
any Tax owing) against the Shareholders, as the case may be, for that period, having regard, without limitation, to any waivers given
by the Shareholders in respect of such period, except to the extent that any misrepresentation has been made or any fraud has been committed
by the Shareholders in filing a Tax Return or in supplying information for the purposes of any Applicable Law imposing Tax on the Shareholders.

 

The period of time a representation, warranty,
covenant or agreement survives the Closing pursuant to this Section 9.8 shall be the "Survival Period" with respect to
such representation, warranty, claim or agreement. So long as a XNDA Indemnified Party or a Seller Indemnified Party, as applicable, gives
notice of a Claim on or before the expiration of the applicable Survival Period, a XNDA Indemnified Party shall be entitled to pursue
its rights to indemnification under Section 9.1 of the Agreement and a Seller Indemnified Party shall be entitled to pursue its rights
to indemnification under Section 9.2 and 9.3 of the Agreement. In the event notice of any Claim under Sections 9.1, 9.2 and 9.3 the Agreement
shall have been given within the applicable Survival Period and such Claim has not been finally resolved by the expiration of such Survival
Period, the representations, warranties, covenants or agreements that are the subject of such Claim shall survive the end of the Survival
Period of such representations, warranties, covenants and agreements until such Claim is finally resolved, but such representations, warranties,
covenants and agreements shall only survive with respect to such asserted Claim. The waiver of any condition based on the accuracy of
any representation or warranty, or on the performance of or compliance with any covenant or obligation, will not adversely affect the
right to indemnification, payment of Losses or other remedy based on such representations, warranties, covenants or obligations.

 

 

ARTICLE 10

CONFIDENTIALITY

 

10.1        Confidentiality.The Parties shall treat the terms
of this Agreement and all information provided under or in connection with this Agreement (collectively, "Confidential Information")
as confidential and may not either disclose Confidential Information or use it other than for bona fide purposes connected with this
Agreement, the Purchased Assets or any other agreements or instruments in any way related to this Agreement without the prior written
consent of the other Parties, provided, that, XNDA shall make all necessary regulatory filings with the Securities and Exchange Commission,
including, but not limited to a Form 8-K, and consent is also not required for disclosure to:

 

(a)        an affiliate of a Party to this Agreement, directors, officers, shareholders or employees of a Party or an affiliate to a Party,
as long as they in turn are required to treat the Confidential Information as confidential on terms substantially the same as those set
out in this Section 10.1;

 

 

 

 

    	 	25	 

     

    

 

(b)        accountants, professional advisers and bankers and other lenders, whether current or prospective, as long as they are subject to
statutory professional secrecy rules or similar legal concepts under Applicable Laws or, in turn, are required to treat the Confidential
Information as confidential on terms substantially the same as those set out in this Section 10.1;

 

(c)        any government, agency or regulatory authority having jurisdiction over a Party, to the extent legally required, and then only
after, to the extent permitted by law, informing the other Parties thereof and, to the extent possible, with sufficient notice in advance
to permit the other Parties to seek a protective order or other remedy;

 

(d)         any Person to the extent
required by any Applicable Laws, judicial process or the rules and regulations of any recognized stock exchange and then only subject
to prior consultation with the other Parties;

 

(e)        
in the case of XNDA, any intended assignee of the rights and interests of a Party or to a Person intending to acquire an interest
in a party to this Agreement (or acquiring XNDA or an affiliate of XNDA) as long as the intended assignee or acquirer in turn is required
by that Party to treat the Confidential Information as confidential in favor of the other parties on terms substantially restrictive as
those set out in this Section 10.1; or

 

(f)         the extent that the
Confidential Information is in or lawfully comes into the public domain other than by breach of this Section 10.1.

 

 

ARTICLE 11

MISCELLANEOUS

 

11.1        Expenses.Each Party
shall pay its own expenses in connection with the negotiation, preparation and performance of this Agreement and the consummation of
the transactions, including all fees and expenses of investment bankers, financial advisors, legal counsel, and independent accountants.

 

11.2        Notices.Any notice, consent,
waiver, direction or other communication required or permitted to be given under this Agreement by a Party shall be in writing and may
be given by sending same by facsimile, email or by delivery by hand addressed to the Party to which the notice is to be given at the
applicable address noted below. Any such notice, consent, waiver, direction or other communication, if sent by facsimile or email, shall
be deemed to have been given and received at the time of receipt (if a Business Day or, if not, the next succeeding Business Day) unless
actually received after 4:00 p.m. (local time) at the point of delivery in which case it shall be deemed to have been received on the
next succeeding Business Day; or, if delivered by hand, shall be deemed to have been received on the day on which it is delivered (if
a Business Day, if not, the next succeeding Business Day). Notice of change of address shall also be governed by this Section 10.2. In
the event of general discontinuance of postal service due to strike, lock-out or otherwise, notices, consents, waivers, directions or
other communications shall be given by facsimile or email or by delivery by hand and shall be deemed to have been received in accordance
with this Section 10.2.

 

The address for each of the parties shall be as follows:

 

(a) 
If to XNDA, addressed to:

25108 Marguerite Pkwy, Ste A 450

Mission Viejo, CA 92692

 

(b) 
If to TribalRides or the Shareholders, addressed to:

Tribal Rides, Inc

25108 Marguerite Pkwy, Ste A 450

Mission Viejo, CA 92692

 

 

 

 

    	 	26	 

     

    

 

11.3        Press Releases and Public Announcements.No Party
shall issue or otherwise disseminate any press release or other public notice related to this Agreement, the Transaction Documents or
any of the transactions contemplated hereby without the prior written consent of the other Parties. Notwithstanding the foregoing, XNDA
or XNDA shall be permitted to issue any press release or other public notice related to this Agreement, the Transaction Documents or
any of the transactions contemplated hereby, without the consent of any other Party if such release is required by a Governmental Authority,
a recognized securities exchange on which its securities are or may be listed or any Applicable Law.

 

11.4        Arbitration.

 

(a)             
All disputes, controversies or claims arising out of, relating to, or in respect of this Agreement, including any issue regarding
its existence, validity, enforceability, interpretation, breach or termination (each a "Dispute") shall be resolved in
accordance with the terms of this Agreement.

 

(b)             
Any Dispute that XNDA, the Shareholders or TribalRides are unable to amicably resolve or settle between themselves through negotiations
between senior executives of the relevant Party within fifteen (15) Business Days (or such longer period as the applicable parties may
agree to in writing) of a party being provided notice of such Dispute or difference in accordance with Section 11.2 of this Agreement
(the "Consultation Period") shall be referred to and finally determined by final and binding arbitration. The arbitration
shall be confidential and shall be settled in accordance with the terms of this Agreement (the "Arbitrator").

 

(c)             
The arbitration shall be governed by the Rules of the American Arbitration Association to the extent that such rules do not conflict
with the terms of this Section 11.4.

 

(d)               
The arbitration shall be seated in the City of Los Angeles, California and the arbitration agreement set forth in this Agreement
shall be governed by and construed in accordance with the laws of California. The language of the arbitration shall be English.

 

(e)                
Within thirty (30) days of the expiry of the Consultation Period, the disputing parties agree to jointly select the Arbitrator
who shall be trained in the laws of California. The Arbitrator shall be impartial and independent of the Parties and shall be experienced
and knowledgeable about the subject matter of the Dispute (generally and not as to the express facts concerning the Dispute). If the disputing
Parties are unable to agree upon the Arbitrator, any such disputing Parties may apply to elect an Arbitrator in accordance with the provisions
of the Rules of the American Arbitration Association.

 

(f)                 
It is specifically acknowledged and agreed that any Dispute that cannot be resolved between the disputing Parties prior the expiry
of the Consultation Period shall be submitted to arbitration irrespective of the magnitude thereof or the amount in question.

 

(g)               
The Arbitrator shall have jurisdiction: (i) to apply all applicable statutes, regulations, common law and equity; and (ii) to make
an award or awards in respect of interest and the payment of the costs of the arbitration (including arbitrators' fees and the legal costs
of the Parties). The Arbitrator also may, where requested by a Party, determine the nature and extent of production of documents and oral
depositions.

 

(h)               
The award of the Arbitrator shall be reduced to writing and be final and binding on the disputing Parties. Any monetary award shall
be made and payable, free of any taxes or other deduction, and shall bear interest from the date of any breach or other violation of this
Agreement to the date on which the award is paid, at a rate determined by the Arbitrator.

 

(i)                 
Judgment upon the award(s) rendered by the Arbitrator may be entered and execution had in any court of competent jurisdiction,
or application may be made to such court for a judicial acceptance of the award and order of enforcement.

 

(j)                 
The Party against whom judgment is rendered shall bear all legal fees of the disputing Parties and all other costs incurred in
connection with an arbitration proceeding, including the expenses of the Arbitrator.

 

 

 

 

    	 	27	 

     

    

 

(k)               
By agreeing to arbitration, the Parties do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction,
pre-arbitral attachment or other order in aid of the arbitration proceedings and the enforcement of any award. Without prejudice to such
provisional remedies in aid of arbitration as may be available under the jurisdiction of a legal court, the Arbitrator shall have full
authority to grant provisional remedies, statutory remedies and to award damages for the failure of the disputing parties to respect the
Arbitrator's orders to that effect.

 

(l)                 
Nothing in this Agreement shall restrict or prohibit a Party from commencing arbitration at any time, including prior the expiry
of a Consultation Period, in order to protect its rights under this Agreement or in relation to a dispute or disagreement.

 

(m)              
Except where reasonably prevented by the nature of the Dispute, XNDA, the Shareholders and TribalRides shall continue to perform
their respective duties, obligations and responsibilities under this Agreement and the Transaction Documents while the Dispute is being
resolved in accordance with this Section 10.4, unless and until such obligations are lawfully terminated or expire in accordance with
the provisions thereof.

 

(n)               
All dispute resolution and arbitration proceedings (including all related information, communications, documents, materials, and
evidence) shall be strictly confidential, and each party shall have a fiduciary obligation to the other parties to protect, preserve and
maintain the integrity of such confidentiality.

 

11.5        Assignments, Successors and No
Third-Party Rights.TribalRides shall not assign any of its rights or obligations under this Agreement without the prior
written consent of XNDA. XNDA may assign any of its rights, but not its obligations, under this Agreement without the consent of
TribalRides to an affiliate of XNDA or to a purchaser of all of the Assets or outstanding securities of XNDA. If XNDA shall
experience a change of control, or if it shall sell to a purchaser substantially all of its assets or greater than fifty-percent
(50%) of its equity, such purchaser shall consent to all terms in this Agreement, specifically the issuance of the shares
representing the Purchase Price. Subject to the preceding three sentences, this Agreement will apply to, be binding in all respects
upon and inure to the benefit of the successors and permitted assigns of the Parties. Except as expressly set forth in this
Agreement, no Person other than the Parties hereto has any legal or equitable right, remedy or claim under or with respect to this
Agreement or any provision of this Agreement.

 

11.6        Enurement.This Agreement shall
enure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns.

 

 

 

 

 

 

    	 	28	 

     

    

 

11.7        Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original and all of which together
will be deemed to be one and the same instrument, and will become voluntarily.

 

The duly authorized representatives
of each party executed this Purchase Agreement on the date set out in the preamble.

 

11.8        Independent Legal Advice.Each
of the Parties acknowledges that they: (a) have been advised by the other Parties to seek independent legal advice; (b) have sought such
independent legal advice or deliberately decided not to do so; (c) understand their rights and obligations under this Agreement; and
(d) are executing this Agreement.

 

The duly authorized representatives
of each party executed this Purchase Agreement on the date set out in the preamble.

 

 

XINDA INTERNATIONAL CORP.

 

 

By: /s/ Joe Grimes___________________

Name: Joe Grimes___________________

Title: CEO_________________________

 

 

 

TRIBALRIDE COMPANY INC.

 

 

By: /s/ Joe Grimes___________________

Name: Joe Grimes___________________

Title: CEO_________________________

 

 

 

THE SHAREHOLDERS

 

 

By: /s/ Joe Grimes____________________

Name: Joe Grimes____________________

Title: ______________________________

 

 

 

 

 

    	 	29	 

     

    

 

EXHIBIT A PURCHASED ASSETS

 

1) Patents

a.      Approved

b.      2 Applications

c.      
3 Negotiations for Existing Map Patents

2) University Contacts

a.      University of Nevada Reno

3) 5 year Business plans

4) Financial Forecasts

5) Phase 1 Development plans

6) Copyright

a.      Gotopia (software name), Smart Deployment (Algorithms),
Tribal Rides (Company)

7) URLS: 

TribalRides.us,
Tribalrides.mobi, gotopia.io, gotopia.mobi, autopass.io, autopia.io, effective when one or more counterparts have been signed
by each of the parties. Delivery of an executed counterpart of a signature page of this Agreement by .pdf attachment to a transmission
by electronic mail or by facsimile transmission shall each be effective as delivery of a manually executed original counterpart hereof.

8) Small Business Innovative Research proposals –
to be submitted to the National Technical Team

9) Possible Take-over candidates

10) Taxi Company software

 

 

 

 

 

 

 

 

 

    	 	30

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