Document:

Exhibit
10.56

 

NEITHER
THIS WARRANT NOR THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR OTHERWISE
TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
LAWS OR (2) THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF THIS WARRANT OR SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE
REASONABLY SATISFACTORY TO THE COMPANY, THAT THIS WARRANT OR SUCH SECURITIES, AS APPLICABLE, MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED,
OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR APPLICABLE
STATE SECURITIES LAWS.

 

HUMBL,
INC.

 

WARRANT
TO PURCHASE SHARES OF COMMON STOCK

 

1. Issuance.
For good and valuable consideration as set forth in the Purchase Agreement (as defined below), including without limitation the Purchase
Price (as defined in the Purchase Agreement), the receipt and sufficiency of which are hereby acknowledged by HUMBL,
Inc., a Delaware corporation, its successors and/or assigns (“Company”), Adel
Wakil, an individual, his successors and/or registered assigns (“Investor”), is hereby granted the right to
purchase at any time on or after the Issue Date (as defined below) until December 31, 2023 (the “Expiration Date”),
4,000,000 fully paid and non-assessable shares (the “Warrant Shares”) of Company’s common stock, par value $0.00001
per share (the “Common Stock”), as such number may be adjusted from time to time pursuant to the terms and conditions
of this Warrant to Purchase Shares of Common Stock (this “Warrant”).

 

This
Warrant is issued pursuant to a transfer and assignment of 4,000,000 warrant shares from that certain Warrant to Purchase Shares of Common
Stock issued by Company to Charger Corporation, an Ontario corporation (“Charger”), on December 4, 2020 (the “Original
Warrant”). The Original Warrant was issued pursuant to the terms of that certain Warrant Purchase Agreement dated December
4, 2020 between Company and Charger (as the same may be amended from time to time, the “Purchase Agreement”). This
Warrant is issued on November 22, 2021 (the “Issue Date”). Certain capitalized terms used herein are defined in Attachment
1 attached hereto and incorporated herein by this reference.

 

2. Exercise
of Warrant.

 

2.1. General.

 

(a) This
Warrant is exercisable in whole or in part at any time and from time to time commencing on the Issue Date and ending on the Expiration
Date. Such exercise shall be effectuated by submitting to Company (either by delivery to Company or by email or facsimile transmission)
a completed and signed Notice of Exercise substantially in the form attached to this Warrant as Exhibit A (the “Notice
of Exercise”). The date a Notice of Exercise is delivered to Company shall be the “Exercise Date,” provided
that, if such exercise represents the full exercise of the outstanding balance of this Warrant, Investor shall tender this Warrant to
Company within five (5) Trading Days thereafter, but only if the Warrant Shares to be delivered pursuant to the Notice of Exercise have
been delivered to Investor as of such date. The Notice of Exercise shall be executed by Investor and shall indicate the number of Warrant
Shares to be issued pursuant to such exercise

 

    	 

    	 

    

 

(b) The
Exercise Price per share of Common Stock for the Warrant Shares shall be payable, at the election of Investor, in cash or by certified
or official bank check or by wire transfer in accordance with instructions provided by Company at the request of Investor.

 

(c) Upon
the appropriate payment to Company of the Exercise Price for the Warrant Shares, Company shall promptly, but in no case later than the
date that is ten (10) Trading Days following the date the Exercise Price is paid to Company (the “Delivery Date”),
deliver or cause Company’s Transfer Agent to deliver the applicable Warrant Shares electronically via the DWAC system to the account
designated by Investor on the Notice of Exercise. If for any reason Company is not able to so deliver the Warrant Shares via the DWAC
system, Company shall instead, on or before the applicable date set forth above in this subsection, issue and deliver to Investor or
its broker (as designated in the Notice of Exercise), via reputable overnight courier, a certificate, registered in the name of Investor
or its designee, representing the applicable number of Warrant Shares.

 

(d) In
no event may this Warrant be net cash settled.

 

2.2. Ownership
Limitation. Notwithstanding anything to the contrary contained in this Warrant, if at any time Lender shall or would be issued shares
of Common Stock under this Warrant, but such issuance would cause Lender (together with its affiliates) to beneficially own a number
of shares exceeding 4.99% of the number of shares of Common Stock outstanding on such date (including for such purpose the shares of
Common Stock issuable upon such issuance) (the “Maximum Percentage”), then Borrower shall not issue to Lender shares
of Common Stock which would exceed the Maximum Percentage. The ownership limitation is enforceable, unconditional and non-waivable and
shall apply to all affiliates and assigns of Lender.

 

3. Mutilation
or Loss of Warrant. Upon receipt by Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Warrant, and (in the case of loss, theft or destruction) receipt of reasonably satisfactory indemnification, and (in the case of mutilation)
upon surrender and cancellation of this Warrant, Company will execute and deliver to Investor a new Warrant of like tenor and date and
any such lost, stolen, destroyed or mutilated Warrant shall thereupon become void.

 

4. Rights
of Investor. Investor shall not, by virtue of this Warrant alone, be entitled to any rights of a stockholder in Company, either at
law or in equity, and the rights of Investor with respect to or arising under this Warrant are limited to those expressed in this Warrant
and are not enforceable against Company except to the extent set forth herein

 

5. Adjustments.
If Company shall issue any shares of Common Stock as a stock dividend or subdivide the number of outstanding shares of Common Stock into
a greater number of shares, then, in either such case, the Exercise Price in effect before such dividend or subdivision shall be proportionately
reduced and the number of Warrant Shares at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased;
and, conversely, if Company shall contract the number of outstanding shares of Common Stock by combining such shares into a smaller number
of shares, then the Exercise Price in effect before such combination shall be proportionately increased and the number of Warrant Shares
at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the
number of shares of Warrant Stock issuable shall be to the nearest whole share.

 

    	 

    	 

    

 

6. Certificate
as to Adjustments. In the case of any adjustment in the Exercise Price or Warrant Shares, Company will promptly give written notice
to Investor in the form of a certificate, certified and confirmed by an officer of the Company, setting forth the adjustment in reasonable
detail.

 

7. Transfer
to Comply with the Securities Act. This Warrant and the Warrant Shares have not been registered under the Securities Act of 1933,
as amended (the “1933 Act”). Neither this Warrant nor the Warrant Shares may be sold, transferred, pledged or hypothecated
without (a) an effective registration statement under the 1933 Act relating to such security or (b) an opinion of counsel reasonably
satisfactory to Company that registration is not required under the 1933 Act. Until such time as registration has occurred under the
1933 Act, each certificate for this Warrant and any Warrant Shares shall contain a legend, in form and substance satisfactory to counsel
for Company, setting forth the restrictions on transfer contained in this Section 7.

 

8. Notices.
Any notice required or permitted hereunder shall be given in the manner provided in the subsection titled “Notices” in the
Purchase Agreement, the terms of which are incorporated herein by reference.

 

9. Supplements
and Amendments; Whole Agreement. This Warrant may be amended or supplemented only by an instrument in writing signed by the parties
hereto. This Warrant, together with the Purchase Agreement, contains the full understanding of the parties hereto with respect to the
subject matter hereof and thereof and there are no representations, warranties, agreements or understandings with respect to the subject
matter hereof and thereof other than as expressly contained herein and therein.

 

10. Governing
Law; Venue. This Warrant shall be construed and enforced in accordance with, and all questions concerning the construction, validity,
interpretation and performance of this Warrant shall be governed by, the internal laws of the State of Delaware, without giving effect
to any choice of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than
the State of Delaware. The provisions set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated
herein by this reference.

 

11. Waiver
of Jury Trial. EACH OF COMPANY AND INVESTOR IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND THAT ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY RELATED TO THIS WARRANT OR THE RELATIONSHIPS OF THE PARTIES HERETO BE TRIED BY JURY. THIS
WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING UNDER COMMON LAW OR ANY APPLICABLE STATUTE, LAW, RULE OR REGULATION.
FURTHER, COMPANY ACKNOWLEDGES THAT IT IS KNOWINGLY AND VOLUNTARILY WAIVING ITS RIGHT TO DEMAND TRIAL BY JURY.

 

12. Counterparts.
This Warrant may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument. Electronic signatures shall be considered original
signatures for all purposes hereof.

 

13. Attorneys’
Fees. In the event of any litigation or dispute arising from this Warrant, the parties agree that the prevailing party shall be entitled
to an additional award of the full amount of the reasonable attorneys’ fees and expenses paid by said prevailing party in connection
with litigation or dispute.

 

14. Severability.
Whenever possible, each provision of this Warrant shall be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be invalid or unenforceable in any jurisdiction, such provision shall be modified to
achieve the objective of the parties to the fullest extent permitted and such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Warrant or the validity or enforceability of this Warrant in any other jurisdiction.

 

[Remainder
of page intentionally left blank; signature page follows]

 

IN
WITNESS WHEREOF, Company has caused this Warrant to be duly executed as of the Issue Date.

 

	 	COMPANY:
	 	 	 
	 	HUMBL,
    INC.
	 	 	 
	 	By:	 
	 	 	Brian
    Foote, CEO

 

    	 

    	 

    

 

ATTACHMENT
1

DEFINITIONS

 

For
purposes of this Warrant, the following terms shall have the following meanings:

 

A20.
“DTC” means the Depository Trust Company or any successor thereto.

 

A21.
“DTC Eligible” means, with respect to the Common Stock, that such Common Stock is eligible to be deposited in certificate
form at the DTC, cleared and converted into electronic shares by the DTC and held in the name of the clearing firm servicing Investor’s
brokerage firm for the benefit of Investor.

 

A22.
“DTC/FAST Program” means the DTC’s Fast Automated Securities Transfer program.

 

A23.
“DWAC” means the DTC’s Deposit/Withdrawal at Custodian system.

 

A24.
“Exercise Price” means $0.20 per share of Common Stock, as the same may be adjusted from time to time pursuant to
the terms and conditions of this Warrant.

 

A25.
“Trading Day” means any day the New York Stock Exchange is open for trading.

 

EXHIBIT
A

 

NOTICE
OF EXERCISE OF WARRANT

 

	TO:	HUMBL,
  INC.
	 	ATTN:
  _______________
	 	VIA
  FAX TO: ( )______________ EMAIL: ______________

 

The
undersigned hereby irrevocably elects to exercise the right, represented by the Warrant to Purchase Shares of Common Stock dated as of
December 4, 2020 (the “Warrant”), to purchase shares of the common stock, $0.00001 par value (“Common Stock”),
of HUMBL, Inc., and tenders herewith payment in accordance with Section 2 of the Warrant, as follows:

 

Warrant
Shares: _______________________

 

Exercise
Price: $_______________________

 

Purchase
Price: $___________________ = (Exercise Price x Warrant Shares)

 

Payment
is being made by:

	 	_____	enclosed
    check
	 	_____	wire
    transfer
	 	_____	other

 

Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to them in the Warrant.

 

It
is the intention of Investor to comply with the provisions of Section 2.2 of the Warrant regarding certain limits on Investor’s
right to receive shares thereunder. Investor believes this exercise complies with the provisions of such Section 2.2. Nonetheless, to
the extent that, pursuant to the exercise effected hereby, Investor would receive more shares of Common Stock than permitted under Section
2.2, Company shall not be obligated and shall not issue to Investor such excess shares until such time, if ever, that Investor could
receive such excess shares without violating, and in full compliance with, Section 2.2 of the Warrant.

 

As
contemplated by the Warrant, this Notice of Exercise is being sent by email to the officer indicated above.

 

If
this Notice of Exercise represents the full exercise of the entire Warrant, Investor will surrender (or cause to be surrendered) the
Warrant to Company at the address indicated above by express courier within five (5) Trading Days after the Warrant Shares to be delivered
pursuant to this Notice of Exercise have been delivered to Investor.

 

To
the extent the Warrant Shares are not able to be delivered to Investor via the DWAC system, please deliver certificates representing
the Warrant Shares to Investor via reputable overnight courier after receipt of this Notice of Exercise (by facsimile transmission or
otherwise) to:

 

_____________________________________

_____________________________________

_____________________________________

 

Dated:
_____________________

 

___________________________

[Name
of Investor]

 

By:________________________Exhibit
10.59

 

ASSET
PURCHASE AGREEMENT

 

AMONG

 

BIZSECURE,
INC.

 

(as
Seller)

 

and

 

HUMBL,
INC.

 

(as
Buyer)

 

and

 

ALFONSO
ARANA

 

and

 

ALFONSO
RODRIGUEZ-ARANA

 

and

 

CLEMENT
DANISH

 

(as
Stockholders of Seller)

 

Dated
February 12, 2022

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	Article
    I Purchase and Sale of Assets	1
	 	1.1	Purchase
    and Sale of Acquired Assets	1
	 	1.2	Assets
    Being Retained by Seller	1
	 	1.3	Assumption
    of Liabilities	2
	 	 	 	 
	Article
    II Consideration Payable by Buyer	2
	 	2.1	Purchase
    Price	2
	 	2.2	Payment
    of Purchase Price	2
	 	2.3	Allocation
    of Purchase Price	2
	 	 	 	 
	Article
    III The Closing	2
	 	3.1	Closing	2
	 	3.2	Seller’s
    Obligations at Closing	2
	 	3.3	Buyer’s
    Obligations at Closing	3
	 	3.4	Closing
    Prorations and Closing Costs	
	 	3.5	Employment
    Matters	4
	 	 	 	 
	Article
    IV Covenants and Obligations of the Parties	4
	 	4.1	Covenants
    of Seller and Stockholders.	4
	 	4.2	Covenants
    of Parties Regarding Brokers and Expenses	6
	 	4.3	Sales
    and Use Taxes	
	 	 	 	 
	Article
    V Representations and Warranties	6
	 	5.1	Representations
    and Warranties of Seller and Stockholders	5
	 	5.2	Representations
    and Warranties of Buyer	11
	 	 	 	 
	Article
    VI Indemnification	12
	 	6.1	Indemnification	12
	 	6.2	Indemnification
    Procedures	13
	 	6.3	Cooperation
    of the Parties	13
	 	6.4	Termination
    of Indemnification Obligations	13
	 	 	 	 
	Article
    VII Miscellaneous Provisions	14
	 	7.1	Governing
    Law, Jurisdiction and Venue	14
	 	7.2	Assignment;
    Binding Upon Successors and Assigns	14
	 	7.3	Severability	14
	 	7.4	Counterparts	14
	 	7.5	Amendment
    and Waivers	14
	 	7.6	Attorneys’
    Fees	14
	 	7.7	Notices	15
	 	7.8	Construction
    of Agreement	16
	 	7.9	Further
    Assurances	16
	 	7.10	Expenses	16
	 	7.11	Entire
    Agreement	16

 

    	i

     

    

 

List
of Exhibits

 

	Exhibit
    A	List
    of Acquired Assets
	Exhibit
    B	List
    of Excluded Assets
	Exhibit
    C	Allocation
    of Purchase Price
	Exhibit
    D	Form
    of Bill of Sale
	Exhibit
    E	Employment
    Agreements

 

    	ii

     

    

 

ASSET
PURCHASE AGREEMENT

 

THIS
ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into effective as of February 12, 2022 (the “Effective
Date”), by and among BizSecure, Inc., a Delaware corporation (“Seller”); Alfonso Arana, an individual (“Arana
Sr.”); Alfonso Rodriguez-Arana, an individual (“Arana Jr.”); Clement Danish, an individual (“Danish”,
and together with Arana Sr. and Arana Jr., the “Stockholders”); and HUMBL, Inc., a Delaware corporation (“Buyer”).
Seller, Stockholders and Buyer are sometimes referred to collectively herein as the “Parties,” and individually as
a “Party.”

 

A.
Seller operates a platform that issues and verifies digital credentials commonly referred to as Self-Sovereign Identity (the “Business”).

 

B.
On the terms and subject to the conditions set forth in this Agreement, Buyer desires to acquire from Seller, and Seller is willing to
sell to Buyer, substantially all of the assets utilized in and required for the operation of the Business.

 

C.
As an incentive and inducement to Buyer to acquire the assets of the Business, and as a condition thereto, Seller and Stockholders are
willing to make various covenants and agreements with Buyer, as set forth below.

 

D.
The Parties desire to enter into this Agreement in order to set forth and establish their rights and obligations with respect to the
transactions contemplated hereby.

 

NOW,
THEREFORE, intending to be legally bound, and in consideration of the above-recited premises and the mutual promises, covenants and conditions
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto agree as follows:

 

Purchase
and Sale of Assets

 

Purchase
and Sale of Acquired Assets.

 

 ARTICLE
1.  Subject to the terms and conditions of this
Agreement, at the Closing (as defined below), Seller shall sell, convey, transfer, assign and deliver to Buyer, and Buyer shall purchase,
acquire and accept from Seller, all of the tangible and intangible assets used in the operation of the Business as listed in Exhibit
A attached hereto, but excluding those items referenced in Section 1.2 below (the “Acquired Assets”).

 

Assets
Being Retained by Seller.

 

 ARTICLE
2.  Notwithstanding any provision to the contrary
contained in this Agreement, the Acquired Assets will not include, and Seller will retain all rights and interests in, and all obligations
with respect to, those items referenced in Exhibit B attached hereto (the “Excluded Assets”).

 

    	1

     

    

 

Assumption
of Liabilities.

 

 ARTICLE
3.  Buyer will not assume any of the obligations,
liabilities or indebtedness of Seller, Stockholders or the Business of any nature whatsoever, whether or not reflected on any financial
statements or records of Seller, Stockholders or the Business, except as otherwise specifically provided in this Agreement. Any product
liability, quality or other claims relating to products of the Business, if any, sold prior to the Closing or services of the Business
performed prior to the Closing shall be the responsibility of Seller, and Seller and Stockholders jointly and severally agree to indemnify
and hold harmless Buyer with respect to any such claims.

 

Consideration
Payable by Buyer

 

Purchase
Price.

 

 ARTICLE
4.  The consideration payable by Buyer for the
Acquired Assets and for the other covenants and agreements of Seller hereunder (the “Purchase Price”) will be the
sum of $6,800,000.00, payable and as may be adjusted in the manner set forth in Section 2.2 below.

 

Payment
of Purchase Price.

 

 ARTICLE
5.  Buyer will pay the Purchase Price by delivery
to Seller of 13,200,000 shares of common stock of Buyer, par value $0.00001 (the “Shares”), and 26,800,000 restricted
stock units (the “RSUs”). The Shares will be fully vested on the Closing Date (as defined below). The RSUs will vest
as set forth in Section 2.3 below.

 

RSU
Vesting.

 

20,1000,000
of the RSUs will vest in eight equal quarterly installments on the last day of each quarter over the next two years, beginning with the
quarter commencing on April 1, 2022, based on the continued employment with Buyer of Arana Jr. 6,700,000 of the RSUs will vest in eight
equal quarterly installments on the last day of each quarter over the next two years, beginning with the quarter commencing on April
1, 2022, based on the continued employment with Buyer of Danish. In the event Arana Jr. or Danish’s employment is terminated without
Cause (as defined in their employment agreements) or resigns with Good Reason (as defined in their employment agreements), the remaining
unvested RSUs associated with such individual shall automatically vest. In the event Buyer terminates Arana Jr. or Danish with Cause
or Arana Jr. or Danish resigns without Good Reason, the remaining unvested RSUs associated with such individual shall automatically be
cancelled.

 

Registration.

 

Buyer
agrees to include the Shares on a Form S-1 registration statement filed within ninety (90) days of the effectiveness of Buyer’s
Form S-1 registration statement currently pending before the SEC.

 

Allocation
of Purchase Price.

 

 ARTICLE
6.  Buyer and Seller have allocated the Purchase
Price among the Assets after taking into account the applicable Treasury Regulations and the fair market value of such items. Buyer shall
prepare for filing all of the tax returns, information returns and statements (“Returns”) that may be required with
respect to the transaction provided for herein pursuant to Section 1060 of the Internal Revenue Code of 1986, as amended (the “Code”),
any Treasury Regulations promulgated thereunder, any other similar provision of the Code and any other similar, applicable foreign, state
or local tax law or regulation. Seller shall provide information that may be required by Buyer for the purpose of preparing such Returns,
execute and file such Returns as requested by Buyer and file all other returns and tax information on a basis that is consistent with
such Returns prepared by Buyer.

 

    	2

     

    

 

The
Closing

 

Closing.

 

 ARTICLE
7.  Subject to the provisions hereof, the
purchase and sale of the Acquired Assets and the other transactions contemplated by this Agreement will
be consummated on the date hereof (the “Closing”) contemporaneously
with the Parties’ execution of this Agreement. The date on which the Closing actually
occurs is hereinafter called the “Closing Date.”

 

Seller’s
Obligations at Closing.

 

 ARTICLE
8.  At the Closing, Seller and Stockholders will
take the actions and deliver the documents and instruments referenced below:

 

Bill
of Sale.

 

Seller
will deliver to Buyer an executed Assignment and Bill of Sale in the form attached hereto as Exhibit C (the “Bill
of Sale”), conveying to Buyer good, legal and marketable title in and to the Acquired Assets, and all rights, title and interests
of Seller with respect thereto, free and clear of all liens, claims, charges and encumbrances.

 

Possession
of Acquired Assets.

 

Simultaneously
with delivery of the Bill of Sale, Seller and Stockholders will take such reasonable steps as may be necessary to put Buyer in possession
and operating control of the Acquired Assets and the Business, including delivering all title certificates, keys, and other documents
as may be reasonably necessary or required by Buyer to put Buyer in possession of the Acquired Assets.

 

Employment
Agreements.

 

Seller
will cause Arana Jr. and Danish to execute and deliver to Buyer employment agreements in the form attached hereto as Exhibit D.

 

BLOCKS
Tokens.

 

Seller
will return all BLOCKS tokens held by Seller to the BLOCKS treasury.

 

Other
Items.

 

Seller
and Stockholders will execute and deliver to Buyer all other documents and instruments required or contemplated by this Agreement, or
reasonably requested by Buyer, to enable Buyer to fully utilize the Acquired Assets and carry on the Business, including such documents
as may be required to assign and transfer to Buyer all rights to all names utilized in the Business, or to vest in Buyer all rights and
interests in and to the Acquired Assets, free and clear of all liens, claims, charges and encumbrances. All of such documents and instruments
shall be in form and substance reasonably approved by Seller and Buyer and their respective legal counsel. Seller and Stockholders will
also deliver to Buyer at or prior to the Closing any information required for Buyer to complete any tax reporting documents relating
to the transactions contemplated herein.

 

Buyer’s
Obligations at Closing.

 

 ARTICLE
9.  At the Closing, Buyer shall deliver to Seller
the following:

 

Bill
of Sale.

 

Buyer
will deliver to Seller an executed copy of the Bill of Sale.

 

Share
and RSU Issuance.

 

Upon
consummation of this Agreement, Buyer will issue the Shares and the RSUs.

 

    	3

     

    

 

Employment
Matters.

 

 ARTICLE
10.  Seller shall be responsible for all liabilities
for employee or independent contractor compensation and benefits accrued or otherwise arising out of services rendered to Seller by Seller’s
employees, managers and independent contractors prior to and (if applicable) after Closing (including without limitation all health insurance
or other insurance/benefit premiums and contributions to retirement plans) or arising by reason of actual, constructive or deemed termination
of their service relationship with Seller at Closing. No provision of this Section 3.4 shall create any third-party beneficiary
or other rights in any employee of Seller or former employee of Seller in respect of continued or resumed employment in the Business,
or with Buyer, and no provision of this Section 3.4 shall create any rights in any such persons in respect of any benefits that
may be provided under any plan or arrangement which may be established by Buyer. Nothing herein shall cause or be deemed to cause Seller
to be responsible for any employee or independent contractor compensation, benefits, or any other liabilities accruing or otherwise arising
out of services rendered to for the benefit of Buyer after Closing.

 

Covenants
and Obligations of the Parties

 

Covenants
of Seller and Stockholders.

 

Covenant
Not to Compete.

 

As
a condition and inducement to Buyer’s execution of, and performance of its obligations under, this Agreement, and for the consideration
provided herein, each of Seller and Stockholders agrees that it or he, as the case may be, will not directly or indirectly compete with
the Business for a period of three (3) years from the Closing Date (the “Restrictive Period”). The phrase “directly
or indirectly compete” shall include: (i) other than pursuant to and in accordance with a separate written agreement between the
Stockholder and Buyer concerning the Stockholder’s provision of services to or for the Business, and except as otherwise provided
herein, owning, managing, operating, controlling or participating in the ownership, management, operation or control of, or being connected
with or having any interest in, as an owner, director, officer, employee, contractor, agent, advisor, sole proprietor or otherwise in
any business offering any products for sale sold by Seller during the two (2) year period prior to Closing, or otherwise competitive
with the Business, anywhere in the United States; and (ii) interfering in any way with the relationships Buyer or its successor may have
with any employees, suppliers, clients, or customers of the Business. If any of the provisions of this Section 4.1.1 is held to be unenforceable,
the remaining provisions shall nevertheless remain enforceable, and the court making such determination shall modify, among other things,
the scope, duration or geographic area of this covenant to preserve the enforceability hereof to the maximum extent then permitted by
law. The enforceability of this covenant is subject to the injunctive and other equitable powers of a court of competent jurisdiction.
Notwithstanding the foregoing, the passive ownership of less than five (5%) percent of the outstanding stock or equity of any publicly-traded
corporation or other entity shall not be deemed, solely by reason thereof, a violation of this Agreement. Each of Seller and Stockholders
represents and warrants that no other individual or entity (other than those listed on Schedule 4.1.1 attached hereto)
has been employed or relied upon by Seller to materially handle customer and client relations, or, to Seller and Stockholders Knowledge
(as defined in Section 5.1), has had access to the confidential information of the Business or been given its customer and client lists.
Notwithstanding anything to the contrary, this Section 4.1.1 shall not prohibit Seller or Shareholders from owning or engaging in the
business known as Great Foods 2 Go, which includes utilizing a program known as 1Delivery block chain technology and cryptocurrency,
or engaging in the continued operations of Blank Slate Solution LLC, so long as any of the foregoing operations of either entity do not
conflict with Arana Jr.’s and Danish’s obligations as employees of Buyer and are not competitive with Buyer’s Blockchain
Services division.

 

    	4

     

    

 

Covenant
Not to Solicit.

 

During
the Restrictive Period, each of Seller and Stockholders agrees that he or it, as the case may be, will not (i) solicit the business of
any of the individuals or entities who are or have been customers or clients of the Business during the Restrictive Period or the twelve
(12) month period prior to the Closing; (ii) request, induce or attempt to influence, directly or indirectly, any employee of Buyer or
the Business or any affiliate of Buyer to leave the employ of Buyer or such affiliate, or in any way intentionally interfere in any material
respect with the relationship between Buyer or any such affiliate and any employee thereof; or (iii) employ any person who as of the
date of this Agreement is, or after such date is or was within the preceding one-year period, an employee of Buyer or any affiliate of
Buyer engaged in the Business.

 

Confidentiality.

 

From
and after the Closing Date, each of Seller and Stockholders will hold in strict confidence and will not divulge, communicate or use in
any way, any business plans or strategies, customer or client lists, financial data, know-how, trade secrets or other information included
within the Acquired Assets or related to the Business (“Confidential Information”); provided, however,
that the foregoing provisions of this sentence shall not include any information that (i) is or becomes generally available to, or known
by, the public, other than as a result of disclosure in violation hereof, (ii) is or becomes available to Seller or Stockholders on a
non-confidential basis from a source other than Buyer, or (iii) has been or is subsequently independently conceived or developed by Seller
or a Stockholder without use of or reference to any of such Confidential Information. Furthermore, neither Seller nor any Stockholder
shall be prohibited from disclosing Confidential Information if requested or required pursuant to any legal action, court order, interrogatory,
subpoena, civil investigative demand, or similar process. Seller and Stockholders agree to notify the Buyer of any such request in order
to allow Buyer to seek, at its sole cost and expense, an appropriate protective order; provided, however, that even if Buyer is seeking
a protective order, Seller and Stockholders may disclose such Confidential Information if, on the advice of counsel, Seller or Stockholders
determine that they are legally required to disclose the Confidential Information to the requesting authority.

 

Discontinue
Use of Business Name and Information.

 

From
and after the Closing, Seller will discontinue all use of the items included in the Acquired Assets, and (except as provided herein)
will discontinue use of all tradenames, and other proprietary or business information transferred to Seller hereunder. Promptly following
the Closing, Seller will change its corporate name and take any other actions Buyer deems to be reasonably necessary to allow Buyer the
exclusive right to and use of such names (or a similar name as determined by Buyer in its sole discretion) and shall execute any documents
Buyer deems necessary to allow Buyer to use such names. Notwithstanding the foregoing, for a period of one (1) year following the Closing,
Seller may use the BizSecure name (and/or any other tradename used by Seller during the period prior to Closing), solely in connection
with its post-Closing affairs including with respect to the handling of any retained liabilities and Excluded Assets, or defending and
prosecuting claims (if any), in each case solely to the extent such use is reasonably necessary.

 

    	5

     

    

 

Announcements.

 

Seller
and Stockholders agree that they will reasonably cooperate in the preparation and dissemination of any announcements to customers and
clients of the Business as Buyer may determine to be appropriate, regarding the change in ownership and management of the Business, to
facilitate a smooth transition. All such announcements will be subject to the reasonable prior approval of each party to this Agreement.

 

Injunctive
Relief.

 

The
enforceability of this Section 4.1 is subject to the injunctive and other equitable powers of a court of competent jurisdiction.

 

Covenants
of Parties Regarding Brokers; Legal Expenses.

 

 ARTICLE
11.  Each Party represents and acknowledges to
the others that it is not obligated to pay any fee or commission to any broker, finder or intermediary in connection with the transactions
contemplated by this Agreement. Buyer agrees to pay $30,000 to Seller for legal fees incurred in connection with this transaction.

 

Additional
BLOCKS Grants.

 

 ARTICLE
12.  During the Restrictive Period, neither Seller
nor Stockholders shall seek any additional BLOCKS tokens grants without the prior written consent of Buyer.

 

Representations
and Warranties

 

Representations
and Warranties of Seller.

 

 ARTICLE
13.  Seller and each Stockholder hereby jointly
and severally represents and warrants to Buyer that, as of the Closing, each of the following statements is true and correct. As used
herein, “Knowledge” as it pertains to Seller means the actual personal knowledge (and not imputed, implied, or constructive
knowledge) of Arana Jr. and Danish, and as it pertains to each Stockholder means the actual personal knowledge (and not imputed, implied,
or constructive knowledge) of such Stockholder.

 

Authorization
and Validity; Consents.

 

Seller
is duly organized and in good standing under the laws of the State of Delaware, has the full power and authority to enter into and perform
its obligations under this Agreement, and has obtained the necessary approval. Seller and Stockholders have full legal capacity and authority
to enter into and perform their obligations under this Agreement. Seller and each Stockholder is duly authorized to enter into all other
agreements and instruments contemplated hereby to which such Party is or is intended to be a party.

 

This
Agreement has been duly and validly executed and delivered by Seller and Stockholders and constitutes a valid and binding obligation
of Seller and Stockholders, enforceable against them in accordance with its terms.

 

To
its Knowledge, Seller is duly licensed to conduct the Business.

 

    	6

     

    

 

Neither
the execution nor delivery of this Agreement including all Schedules and Exhibits hereto, nor the performance by Seller of the transactions
contemplated hereby and thereby, conflicts with, or constitutes a material breach of or a default under (i) the Certificate of Incorporation
or Bylaws of Seller; (ii) any applicable law, rule, judgment, order, writ, injunction, or decree of any court, currently in effect; (iii)
any applicable rule or regulation of any administrative agency or other governmental authority currently in effect; or (iv) any agreement,
indenture, contract or instrument to which Seller is a party or by which any of Seller’s assets are bound.

 

No
authorization, consent, approval, license, exemption by, filing or registration with any court or governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign, is or will be necessary in connection with the execution, delivery and
performance of this Agreement by Seller

 

Representations
Regarding Acquired Assets.

 

Except
as otherwise specifically provided herein, the Acquired Assets include all of the assets required for, or utilized by Seller in, the
operation of the Business as such Business is conducted as of the Closing. Except as otherwise specifically provided herein, the Acquired
Assets are in good working order and repair and usable in the ordinary course of the Business as such Business is conducted as of the
Closing, except as otherwise indicated in Schedule 5.1.2. Seller is the sole owner of the Acquired Assets. At the Closing,
Seller will transfer good and marketable title to the Acquired Assets to Buyer, free and clear of all liens, claims and encumbrances.
The Acquired Assets are freely transferable by Seller and are not subject to any right of first refusal, right of purchase, or any other
right in favor of a third party.

 

Contracts
Related to Business;

 

Third
Party Consents. Seller is not a party to any written or verbal contracts
or agreements relating to the operation of the Business, except as referenced in Schedule 5.1.3. Seller does not have any
written contract with any suppliers or customers, except as have been delivered to Buyer and are listed on Schedule 5.1.3.
Transfer of the Acquired Assets does not require any consent or agreement by any third party, except as set forth on Schedule 5.1.3.

 

Products
Offered By Business.

 

Seller
has provided Buyer with a listing of all products offered through the Business as of Closing. Seller and Stockholders have not been advised
of any changes in such products, or the terms or prices on which any products sold by the Business are acquired, and are unaware of any
conditions which would impair Buyer’s ability to continue to provide its products in accordance with such arrangements and at such
prices and terms.

 

Accuracy
of Information Provided; Disclosure.

 

The
financial and business data provided to Buyer by Seller and Stockholders are materially complete and accurate. The financial information
provided by Seller, including unaudited financial statements for the period ended December 31, 2021, accurately and materially reflects
the financial position of Seller as of such date and for the period then ended. Seller and Stockholders have provided Buyer with all
of the information that Buyer has requested for the purpose of conducting its due diligence review of the Acquired Assets and the Business.
Notwithstanding the above, Seller and Stockholders make no representation or warranty concerning the BLOCKS tokens, including the impact
of the BLOCKS tokens on the financial condition or liability of the Seller.

 

    	7

     

    

 

Taxes.

 

Seller
has paid all taxes and filed all tax returns required with respect to the Business for all periods as of the Effective Date.

 

Absence
of Certain Changes or Events.

 

Except
as disclosed to Buyer in writing, Seller and Stockholders are not aware of any current or anticipated facts, conditions or events (including,
without limitation, facts regarding product availability or quality, or relationships with customers and vendors) that would be likely
to have a material adverse effect on the Business. There have been no material adverse changes in the Business or the Acquired Assets
since December 31, 2021 (the date of the financial information provided by Seller to Buyer). Since December 31, 2021, the Business has
not been conducted outside the ordinary course.

 

Buyer
Ability to Continue Business.

 

Except
as otherwise set forth in this Agreement, the Exhibits, and the Schedules, Seller and Stockholders are not aware of any conditions or
events which would prohibit Buyer from continuing to operate the Business as presently conducted from and after the Closing, for the
foreseeable future; provided, however, that nothing herein shall constitute or be deemed a representation or warranty regarding the effect
or potential effect of (a) changes or developments generally affecting the industries in which the Business operates, or the economy
or the financial or securities markets, in the United States or globally, (b) the outbreak or escalation of hostilities or any acts of
war, sabotage or terrorism in the United States or any other country or region in the world, or (c) earthquakes, hurricanes, tsunamis,
tornadoes, floods, mudslides, wild fires or other natural disasters or calamities, weather conditions, pandemics or epidemics, and other
force majeure events in the United States or any other country or region in the world.

 

Compliance
with Law.

 

Seller
is in compliance in all material respects with all laws, regulations and orders applicable to the Business. Seller has not received any
notification that it is in violation of such laws, regulations or orders and no such violation exists.

 

Litigation.

 

There
is no legal, administrative, arbitration or other proceeding, claim or action of any nature or investigation pending or, to the Knowledge
of Seller and Stockholders, threatened against or involving Seller, Stockholders or the Acquired Assets or which questions or challenges
the validity of this Agreement or any action taken or to be taken by Seller or Stockholders pursuant to this Agreement or in connection
with the transactions contemplated hereby; and neither Seller nor Stockholders has Knowledge of any valid basis for any such legal, administrative,
arbitration or other proceeding, claim, or action of any nature or investigation.

 

Permits.

 

Except
as otherwise expressly provided in this Agreement and its Exhibits and Schedules, no Permits (as defined below) are required to use and/or
maintain any of the Acquired Assets or to conduct the Business and operations as presently conducted. For purposes of this Agreement,
“Permits” shall mean any and all permits, rights, approvals, licenses, authorizations, accreditations, legal status,
or orders under any legal requirement or otherwise granted by any governmental authority.

 

No
Undisclosed Liabilities.

 

There
are no liabilities of Seller or the Business that affect the Acquired Assets, whether accrued, contingent, absolute, determined, determinable
or otherwise, and to Seller’s and Stockholders’ Knowledge there is no existing condition, situation or set of circumstances
which could reasonably be expected to result in such a liability.

 

    	8

     

    

 

Relationships.

 

To
Seller’s and Stockholders’ Knowledge, none of Seller’s suppliers, customers, clients, employees, independent contractors
or sales representatives have any intention to terminate or modify in a manner adverse to Company any of such relationships. To Seller’s
and Stockholders’ Knowledge, no material adverse change in relations with suppliers, customers, clients, employees, independent
contractors or sales representatives shall occur as a result of the announcement or consummation of the transactions contemplated by
this Agreement.

 

Clients.

 

Except
as has been disclosed to Buyer in writing, no material customer or client of Seller has ceased or materially reduced the services it
purchases from Seller since December 31, 2021, and to Seller’s and Stockholders’ Knowledge, no customer or client has threatened
to cease or materially reduce such services after the date hereof. Except as has been disclosed to Buyer in writing, to Seller’s
and Stockholders’ Knowledge, no such customer or client is threatened with bankruptcy or insolvency.

 

Employees.

 

Except
as has been disclosed to Buyer in writing, the employment of all employees of Seller are terminable at will. To Seller’s Knowledge,
no employee or independent contractor of Seller has any plan to terminate his, her or its employment or relationship with Seller. Except
as has been disclosed to Buyer in writing: (a) Seller is not bound by any collective bargaining agreement or other labor union contract
covering any of its employees, and there exists no organizational effort presently being made or threatened by or on behalf of any labor
union with respect to the employees, and no such efforts have been made within the past three (3) years; (ii) Seller has not and is not
engaged in any unfair labor practice or other unlawful employment practice, and there are no charges of any unfair labor practice or
other unlawful employment practice pending against Seller before the National Labor Relations Board, the Equal Opportunity Commission,
the Occupational Safety and Health Review Commission, the Department of Labor or any other Governmental Authority; and (iii) Seller has
not experienced any strikes, grievances, claims of unfair labor practices, or other collective bargaining disputes or other labor disputes
or controversies and, to Seller’s and Stockholders’ Knowledge, none of the foregoing are threatened. Except as disclosed
in writing to Buyer, there are no outstanding amounts owed to employees or independent contractors of Seller other than salaries and
compensation in the ordinary course of its Business.

 

Contracts.

 

Schedule
5.1.16 lists all material contracts to which Seller is a party or by which Seller, the Business, or any of the Acquired Assets
is bound as of the Closing Date, including any oral contract or contract that is not in writing, true and correct copies of which have
been provided to Buyer prior to the Closing Date (the “Contracts”). Seller has performed all of the material obligations
required to be performed by it and is entitled to all benefits under, and Seller has not received notice of any allegation that Seller
is in default in respect of any Contract. Each of the Contracts is valid and binding and in full force and effect, and there exists no
default or event of default or event, occurrence, condition or act, with respect to Seller, or to Seller’s Knowledge, with respect
to the other contracting party, which, with the giving of notice, the lapse of the time or the happening of any other event or condition,
would become a default or event of default under any Contract. Seller has not received written or oral notice of cancellation, modification
or termination of any Contract. To Seller’s Knowledge, none of the parties to any Contract intends to terminate or alter the provisions
thereof by reason of the Buyer’s acquisition of the Acquired Assets. Seller has not waived any right under any Contract, amended
or extended any Contract or failed to renew (or received notice of termination or failure to renew with respect to) any Contract.

 

    	9

     

    

 

Books
and Records.

 

All
books of account and other financial books and records of Seller directly relating to the Business (the “Books and Records”)
are true, correct and complete and have been made available to Buyer. All of the Books and Records have been prepared and maintained
in material compliance with all applicable laws. There are no material inaccuracies or discrepancies contained or reflected in the Books
and Records. The Books and Records fairly and accurately reflect the current financial position of the Business, are not misleading,
and are free from all material errors. Notwithstanding the above, Seller and Stockholders make no representation or warranty concerning
the BLOCKS tokens, including the impact of the BLOCKS tokens on the financial condition or liability of the Seller.

 

Affiliate
Transactions.

 

Except
as has been disclosed to Buyer in Schedule 5.1.18, no affiliate of Seller nor any stockholder, officer, director, partner,
manager, member, or employee of any thereof, is as of the Closing Date a party to any transaction with Seller, including any contract
or arrangement providing for the furnishing of services to or by, providing for rental of real property, tangible personal property or
intellectual property to or from, or otherwise requiring payments to or from Seller, or any affiliate thereof.

 

Privacy.

 

Neither
Seller nor any Stockholder has any Knowledge of any breach by Seller or any of its affiliates of any duty under any applicable law related
to the disclosure or security of personal information provided by any client to Seller. Seller is, and has always been, in material compliance
with each of Seller’s privacy policies and any applicable laws relating to the collection, receipt, use, or storage of the information
of its clients or customers. Seller has commercially reasonable security measures in place to protect the client or customer information
Seller receives through any Seller websites or otherwise or which it stores in its computer systems from illegal use by third parties
or use by third parties in a manner violating the privacy rights of consumers or customers. The execution, delivery, and performance
by Seller of this Agreement will comply with all applicable laws relating to privacy and with Seller’s privacy policies. Seller
has not received any written complaint regarding Seller’s collection, use, or disclosure of personally identifiable information.

 

BLOCKS
Tokens.

 

Neither
Seller nor Stockholder has transferred or otherwise disposed of any BLOCKS tokens from the date of execution of the Term Sheet between
the Parties and the Effective Date.

 

No
Other Representations or Warranties.

 

Except
for the representations and warranties set forth in this Article V (the “Express Warranties”), Buyer acknowledges
and agrees that neither Seller or Stockholders has made or is making any other representation or warranty, written or oral, statutory,
express or implied, at common law, by statute, or otherwise, whatsoever. Other than as set forth in this Article V, Seller and
Stockholders each hereby disclaim and renounce any and all representations and warranties other than the Express Warranties.

 

    	10

     

    

 

Representations
and Warranties of Buyer.

 

 ARTICLE
14.  Buyer hereby represents and warrants to
Seller that each of the following representations, warranties and statements is true and correct:

 

Organization.

 

Buyer
is a corporation duly organized, validly existing and in good standing under the laws of Delaware; Buyer has full power and authority
to carry on its business as it is now being conducted and to own, lease or operate its properties and assets.

 

Authorization,
Etc.

 

Buyer
has full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby. Buyer has taken all
action required by law, its Certificate of Incorporation, its Bylaws or otherwise to authorize the execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby. This Agreement is a valid and binding obligation of Buyer
enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws relating
to or affecting creditors’ rights, as well as general principles of equity.

 

No
Violation.

 

Neither
the execution and delivery of this Agreement nor its performance and the consummation of the transactions contemplated hereby will (a)
violate any provision of the Certificate of Incorporation or Bylaws of Buyer; (b) violate or be in conflict with, or constitute a default
(or an event which, with or without due notice or lapse of time, or both, would constitute a default) under, or result in the modification
or termination of, or cause or permit the acceleration of the maturity of any debt, obligation, contract or commitment or other agreement
to which Buyer is a party or by which it may be bound; (c) result in the creation or imposition of any mortgage, pledge, lien, security
interest, encumbrance, restriction, charge or limitation of any kind, upon Buyer; or (d) violate any statute or law or any judgment,
decree, order, regulation or rule of any court or governmental authority.

 

Consents
and Approvals of Government Authorities.

 

No
consent, approval or authorization of, or declaration, filing or registration with, any governmental or regulatory authority is required
in connection with the execution, delivery and performance of this Agreement by Buyer or the consummation of the transactions contemplated
thereby, except where such action has been taken prior to the Closing.

 

5.2.5.
Litigation. There is no legal, administrative, arbitration or other proceeding, claim or action of any nature or investigation
pending or, to the knowledge of Buyer, threatened against or involving Buyer or which questions or challenges the validity of this Agreement
or any action taken or to be taken by Buyer pursuant to this Agreement or in connection with the transactions contemplated hereby; and
Buyer has no knowledge of any valid basis for any such legal, administrative, arbitration or other proceeding, claim, or action of any
nature or investigation.

 

5.2.6
Compliance. Buyer is in compliance in all material respects with all requirements of federal and state securities laws as they
pertain to the issuance of the Shares and award of the RSUs pursuant to this Agreement. Without limitation, all filings required to be
made under applicable securities laws with regard to the issuance of the Shares and award of the RSUs have been made or shall be made
in a timely manner as required under applicable securities laws and the rules and regulations thereunder.

 

    	11

     

    

 

Indemnification

 

Indemnification.

 

 ARTICLE
15. 

 

Indemnification
by Buyer. Subject to the limitations and other provisions of this Agreement, Buyer agrees to defend, indemnify and hold harmless
Seller and Stockholders (the “Seller Indemnified Parties”), from and against each claim, loss, liability, cost and
expense (including without limitation, interest, penalties, costs of preparation and investigation, and the reasonable fees, disbursements
and expenses of attorneys, accountants and other professional advisors) (collectively “Losses”), directly or indirectly
relating to, resulting from or arising out of any untrue representation, misrepresentation, breach of warranty or non-fulfillment of
any covenant, agreement or other obligation by or of Buyer pursuant to this Agreement or any other transaction document related hereto.

 

Indemnification
by Seller. Subject to the limitations and other provisions of this Agreement, Seller and Stockholders agree to defend, indemnify
and hold harmless Buyer (the “Buyer Indemnified Parties”), from and against all Losses, directly or indirectly relating
to, resulting from or arising out of any untrue representation, misrepresentation, breach of warranty or non-fulfillment of any covenant,
agreement or other obligation by or of Seller and Stockholders pursuant to this Agreement or any other transaction document related hereto.

 

Limitations
on Indemnity.

 

6.1.3.1
Except in the case of fraud as found by a final order of a court of competent jurisdiction, the Indemnifying Party (as defined below)
shall not have any obligation to indemnify the Indemnified Parties pursuant to this Article VI until the aggregate dollar amount of all
Losses that would otherwise be indemnifiable pursuant to this Article VI exceeds $250,000 (the “Deductible”), after
which and subject to the other limitations set forth in this Agreement, the Indemnified Parties shall be entitled only to recover in
excess of the Deductible.

 

6.1.3.2
Except in the case of fraud as found by a final order of a court of competent jurisdiction, Seller and Stockholders shall not have
any obligation to indemnify the Buyer Indemnified Parties pursuant to this Article VI in an amount in excess of the Purchase Price.

 

6.1.3.3
Except in the case of fraud as found by a final order of a court of competent jurisdiction, Buyer shall not have any obligation to
indemnify the Seller Indemnified Parties in excess of an amount equal to twenty percent (20%) multiplied by the value of the Shares on
the issuance date plus twenty percent (20%) multiplied by the value of all vested RSUs on the applicable vesting date.

 

6.1.3.4
Any claim by the Buyer for indemnity pursuant to this Article VI shall first be satisfied by cancelling the Seller’s RSUs in
an amount equal to the indemnity claim. In the event that the Seller has insufficient RSUs to cover the indemnity obligation, Buyer’s
claim for indemnity shall next be satisfied by the redemption of the Shares, including any RSUs of Seller that have vested into shares
of Buyer.

 

    	12

     

    

 

Indemnification
Procedures.

 

 ARTICLE
16.  Each Party obligated to indemnify the other
Party under this Agreement is referred to as an “Indemnifying Party” and each Party entitled to indemnity under this
Agreement is referred to herein as an “Indemnified Party”). An Indemnified Party shall promptly notify an Indemnifying
Party of any claim, demand, action or proceeding for which indemnification will be sought under Section 6.1 above and, if such claim,
demand, action or proceeding is a third-party claim, demand, action or proceeding, the Indemnifying Party will have the right at its
expense to assume the defense thereof using counsel reasonably acceptable to the Indemnified Party. The Indemnified Party shall have
the right to participate, at its own expense, with respect to any such third-party claim, demand, action or proceeding. In connection
with any such third-party claim, demand, action or proceeding, the Indemnifying Party and Indemnified Party shall cooperate with each
other and provide each other with access to relevant books and records in their possession. No such third-party claim, demand, action
or proceeding shall be settled without the prior written consent of the Indemnified Party. If a firm written offer is made to settle
any such third-party claim, demand, action or proceeding and the Indemnifying Party proposes to accept such settlement and Indemnified
Party refuses to consent to such settlement, then: (a) the Indemnifying Party shall be excused from, and the Indemnified Party shall
be solely responsible for, all further defense of such third-party claim, demand, action or proceeding; and (b) the maximum liability
of the Indemnifying Party relating to such third-party claim, demand, action or proceeding shall be the amount of the proposed settlement
if the amount thereafter recovered from the Indemnified Party on such third-party claim, demand, action or proceeding is greater than
the amount of the proposed settlement. Whether or not an Indemnifying Party shall have assumed the defense of any such third-party claim,
action, demand or proceeding, no Indemnified Party shall admit any liability with respect to, or settle, compromise or discharge, any
such claim, demand, action or proceeding without the Indemnifying Party’s prior written consent, which shall not be unreasonably
withheld. If Buyer is entitled to indemnification as provided herein, Buyer shall be entitled to deduct and offset any Losses incurred
by Buyer against any payments owing to Seller pursuant to Section 2.2 above.

 

Cooperation
of the Parties.

 

 ARTICLE
17.  The Parties shall cooperate with each other
in the resolution of any claim or liability with respect to which an Indemnifying Party is obligated to indemnify any Indemnified Party
hereunder, including by making commercially reasonable efforts to mitigate or resolve any such claim or liability. In the event that
an Indemnified Party shall fail to make such commercially reasonable efforts to mitigate or resolve any claim or liability, then notwithstanding
anything else to the contrary herein, the Indemnifying Party shall not be required to indemnify any person for any losses that could
reasonably be expected to have been avoided if the Indemnified Party had made such efforts.

 

Termination
of Indemnification Obligations.

 

 ARTICLE
18.  The indemnification obligations set forth
in this Article VI shall terminate on the date which is three (3) years following the Closing; provided that such obligations shall not
terminate as to any item as to which the Indemnified Party shall have, before the expiration of such three (3) year period, previously
made a claim by delivering a notice of such claim (stating in reasonable detail the basis of such claim) to the Indemnifying Party. All
of the representations and warranties of the parties contained in this Agreement shall survive the Closing for a period of three (3)
years.

 

    	13

     

    

 

Miscellaneous
Provisions

 

Governing
Law, Jurisdiction and Venue.

 

 ARTICLE
19.  The internal laws of the State of Delaware
will govern the validity of this Agreement, the construction of its terms, and the interpretation and enforcement of the rights and duties
of the Parties hereto. In the event of any claim or dispute arising hereunder, the Parties consent to the exclusive jurisdiction and
venue of the court of San Diego, California.

 

Assignment;
Binding Upon Successors and Assigns.

 

 ARTICLE
20.  No Party hereto may assign any of its rights
or obligations hereunder without the prior written consent of the other Parties hereto; provided, however, that Buyer may assign its
rights and obligations hereunder to any affiliate or subsidiary without the need to obtain Seller’s consent to such assignment.
This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

 

Severability.

 

 ARTICLE
21.  If any provision of this Agreement, or the
application thereof, will for any reason and to any extent be invalid or unenforceable, the remainder of this Agreement will remain in
full force and effect and the application of such provisions to other persons or circumstances will be interpreted so as reasonably to
effect the intent of the Parties hereto. The Parties further agree to replace such void or unenforceable provision of this Agreement
with a valid and enforceable provision that will achieve, to the extent possible, the economic, business and other purposes of the void
or unenforceable provision.

 

Counterparts.

 

 ARTICLE
22.  This Agreement may be executed by email,
facsimile, and other electronic means, in any number of counterparts, each of which will be an original as regards any Party whose signature
appears thereon and all of which together will constitute one and the same instrument. This Agreement will become binding when one or
more counterparts hereof, individually or taken together, will bear the signatures of each of the Parties reflected hereon as signatories.

 

Amendment
and Waivers.

 

 ARTICLE
23.  Any term or provision of this Agreement
may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively) only by a writing signed by the Party or Parties to be bound thereby. The waiver by a Party of any breach
hereof or default in the performance hereof will not be deemed to constitute a waiver of any other default or any succeeding breach or
default.

 

Attorneys’
Fees.

 

 ARTICLE
24.  Should suit be brought to enforce or interpret
any part of this Agreement or any other Agreement referenced herein, the prevailing Party will be entitled to recover, as an element
of the costs of suit and not as damages, reasonable attorneys’ fees to be fixed by the court (including without limitation, costs,
expenses and fees on any appeal).

 

    	14

     

    

 

Notices.

 

 ARTICLE
25.  Any notice or other communications pursuant
to this Agreement will be in writing and will be deemed given if delivered personally, telecopied, sent by nationally-recognized overnight
courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the Parties at the following addresses
(or at such other address for a Party as will be specified by like notice):

 

If
to Seller:

 

BizSecure
Inc.

Attn:
Alfonso Rodriguez-Arana

270
E. Douglas Ave., #35

El
Cajon, CA 92020

 

With
a copy to (which shall not constitute notice):

 

Ferguson
Case Orr Paterson LLP

Attn:
Michael A. Velthoen, Esq.

1150
South Kimball Road

Ventura,
CA 93004

 

If
to Stockholders:

 

270
E. Douglas Ave., #35

El
Cajon, CA 92020

 

With
a copy to (which shall not constitute notice):

 

Ferguson
Case Orr Paterson LLP

Attn:
Michael A. Velthoen, Esq.

1150
South Kimball Road

Ventura,
CA 93004

 

If
to Buyer:

 

HUMBL,
Inc.

Attn:
Brian M. Foote

600
B. Street

San
Diego, California 92101

 

With
a copy to (which shall not constitute notice):

 

Hansen
Black Anderson Ashcraft PLLC

Attn:
Brian Innes

3051
West Maple Loop Drive, Suite 325

Lehi,
Utah 84043

 

    	15

     

    

 

All
such notices and other communications will be deemed to have been received (a) in the case of personal delivery, on the date of such
delivery, (b) in the case of a telecopy, when the Party receiving such copy will have confirmed receipt of the communication, (c) in
the case of delivery by nationally-recognized courier, on the business day following dispatch by overnight courier service (on the third
business day following dispatch in the case of international deliveries), and (d) in the case of mailing, on the third business day following
such mailing.

 

Construction
of Agreement.

 

 ARTICLE
26.  This Agreement has been negotiated by the
respective Parties hereto and their attorneys and the language hereof will not be construed for or against either Party. A reference
to a Section or an Exhibit will mean a Section in, or Exhibit to, this Agreement unless otherwise explicitly set forth. The titles and
headings herein are for reference purposes only and will not in any manner limit the construction of this Agreement which will be considered
as a whole.

 

Further
Assurances.

 

 ARTICLE
27.  Each Party agrees to cooperate fully with
each other Party and to execute such further instruments, documents and agreements and to give such further written assurances as may
be reasonably requested by such other Party to evidence and reflect the transactions described herein and contemplated hereby and to
carry into effect the intents and purposes of this Agreement.

 

Expenses.

 

 ARTICLE
28.  Each Party shall bear its own expenses incurred
in the preparation of this Agreement and all agreements and transactions contemplated hereby.

 

Entire
Agreement.

 

 ARTICLE
29.  This Agreement and the Exhibits hereto constitute
the entire understanding and agreement of the Parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous
agreements or understandings, inducements or conditions, express or implied, written or oral, between the parties with respect hereto.
The express terms hereof control and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof.

 

[Remainder
of page intentionally left blank]

 

    	16

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

 

	SELLER:	 	BUYER:
	 	 	 
	BIZSECURE
    INC.	 	HUMBL,
    INC.
	 	 	 	 	 
	By:	 	 	By:	 
	 	Alfonso
    Rodriguez-Arana, CEO	 	 	Brian
    Foote, President and CEO
	 	 	 	 	 
	STOCKHOLDERS:	 	 	 
	 	 	 	 
	 	 	 	 
	Alfonso
    Arana	 	 	 
	 	 	 	 
	 	 	 	 
	Alfonso
    Rodriguez-Arana	 	 	 
	 	 	 	 
	 	 	 	 
	Clement
    Danish	 	 	 

 

[Signature
Page to Asset Purchase Agreement]

 

    	 

     

    

 

EXHIBIT
A

 

LIST
OF ASSETS TO BE ACQUIRED BY BUYER

 

The
Acquired Assets to be transferred by Seller to Buyer at the Closing are to include the following assets used in the operation of the
Business:

 

All
trade names, trademarks and logos used in or associated with the Business, including the names “BizSecure” and all intellectual
property rights with respect thereto.

 

The
Self Sovereign Identity Wallet including all aspects of the BizSecure digital wallet. This SSI platform was built on open standards with
some components being open source to ensure adoption and compliance with local and federal government authorities.

 

The
front end, backend, and all digital files to include Figma and White Papers.

 

All
technology, specification sheets, product design information, code, algorithms, website design and other intellectual property and intangibles
relating to the Business.

 

All
books and records relating to the Business, except for Seller’s organizational documents.

 

All
customer and client lists, records and databases relating to the Business, and all vendor and supplier lists, records and databases,
including the terms on which business has been conducted with such customers, vendors and suppliers.

 

All
goodwill associated with the Business.

 

All
rights to any websites relating to the Business.

 

All
Contracts between Seller and any of its customers or clients necessary or related to the operation of the Business. Seller will make
reasonable commercial efforts to cause the Dexter Air Force contract to be novated to Buyer promptly after Closing. As a prerequisite
to novation, Buyer shall be required to register in the federal government System for Award Management and receive a CAGE Code authorization
from the Defense Logistics Agency. Final novation approval is subject to the United States Air Force at its sole discretion. Closing
shall not be contingent on Air Force approval.

 

    	 

     

    

 

EXHIBIT
B

 

LIST
OF EXCLUDED ASSETS

 

The
Acquired Assets will not include the following items, which will be retained by Seller:

 

1.
All cash of Seller.

 

2.
Accounts Receivable.

 

3.
BLOCKS Tokens.

 

4.
Seller’s business licenses and permits that are non-transferable.

 

5.
Seller’s charters, minute books, stock books, stock ledgers, and tax records.

 

6.
Seller’s checking accounts and bank accounts, including without limitation all accounts of Seller on deposit or held for investment
with any financial institution.

 

7.
Tax refunds or credits to the extent attributable to the ownership or operation of the Business or the Acquired Assets prior to Closing.

 

8.
Rights, claims or causes of action against third persons to the extent arising in connection with the discharge by Seller of the Excluded
Liabilities.

 

9.
All records and documents to the extent relating to the Excluded Assets or Excluded Liabilities (provided that Buyer shall have access
to those records and documents as provided elsewhere in this Agreement).

 

10.
Seller’s rights under this Agreement and the other agreements and instruments executed and delivered by Seller in connection with
this Agreement and the transactions contemplated therein.

 

11.
Seller shall retain all right, title, and interest in and to any and all electronic mail (including attachments) stored on the Seller’s
servers included as Acquired Assets prior to the Closing (“the Retained Email”). Buyer acknowledges and agrees that
Seller will remove and delete the Retained Email from Seller’s servers included as Acquired Assets prior to the Closing, and will
store and archive the Retained Email on a separate server or servers owned and maintained by Seller. Buyer agrees to make no attempt
to restore or recover the Retained Email from any servers included as Acquired Assets under this Agreement. As soon as reasonably possible
after request by Buyer, Seller shall make available to Buyer any Retained Email that is reasonably related to the operation of Buyer’s
business; provided, however, that Buyer shall not be entitled to any email that is protected by the attorney-client privilege, discusses
the negotiation or drafting of this Agreement, or contains personal or private information of Seller or Seller’s shareholders,
officers, or employees.

 

    	 

     

    

 

EXHIBIT
C

 

FORM
OF

 

BILL
OF SALE

 

[attached]

 

    	 

     

    

 

BILL
OF SALE

 

Pursuant
to the terms of that certain Asset Purchase Agreement entered into by and among BizSecure Inc., a Delaware corporation (“Seller”),
Alfonso Arana, an individual (“Arana Sr.”) Alfonso Rodriguez-Arana, an individual (“Arana Jr.”),
Clement Danish, an individual (“Danish,” and together with Arana Sr. and Arana Jr., the “Stockholders”),
and HUMBL, Inc., a Delaware corporation (“Buyer”), dated as of February __, 2022 (the “Purchase Agreement”),
and for the consideration specified therein, Seller does hereby grant, bargain, transfer, sell, assign, convey and deliver to Buyer),
all of the Acquired Assets as defined in the Purchase Agreement, and all of Seller’s rights, title and interests with respect thereto,
including, without limitation, those items referenced in Exhibit A attached to the Purchase Agreement.

 

Seller
and Stockholders hereby warrant that Seller is the sole legal owner of the Acquired Assets and that the Acquired Assets are free from
all liens, claims and encumbrances. Seller and Stockholders warrant and agree to defend Buyer’s title to the Acquired Assets against
the claims and demands of all persons. Seller and Stockholders make the additional representations and warranties with respect to the
Acquired Assets as set forth in the Purchase Agreement. Seller and Stockholders, for themselves and their successors and assigns, hereby
covenant and agree that, at any time and from time to time forthwith upon the written request of Buyer, Seller and Stockholders will
do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered, each and all of such further acts, deeds,
assignments, transfers, conveyances, powers of attorney and assurances as may reasonably be required by Buyer in order to assign, transfer,
set over, convey, assure and confirm unto and vest in Buyer, its successors and assigns, title to the Acquired Assets sold, conveyed,
transferred and delivered by this Bill of Sale.

 

This
Bill of Sale may be executed in one or more counterparts (and by different parties or separate counterparts), each of which shall be
deemed an original and all of which, when taken together, shall constitute one instrument. Digital copies of counterpart signature pages
will be conclusive evidence of execution.

 

[Remainder
of page intentionally left blank]

 

    	 

     

    

 

Effective
as of the date first set forth above.

 

	 	SELLER:
	 	 
	 	BIZSECURE
    INC.
	 	 	 
	 	By:	 
	 	 	Alfonso
    Rodriguez-Arana, CEO
	 	 	 
	 	STOCKHOLDERS:
	 	 	 
	 	 
	 	Alfonso
    Arana
	 	 
	 	 
	 	Alfonso
    Rodriguez-Arana
	 	 
	 	 
	 	Clement
    Danish
	 	 	 
	 	Accepted:
	 	 
	 	BUYER:
	 	 
	 	HUMBL,
    INC.
	 	 	 
	 	By:	
	 	 	Brian Foote, President
    and CEO

 

    	 

     

    

 

EXHIBIT
D

 

EMPLOYMENT
AGREEMENTS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]