Document:

Exhibit 10.5

 

VOTING AND
Support AGREEMENT

for company
securityholders

 

THIS VOTING AND SUPPORT
AGREEMENT (this “Agreement”) is made and entered into as of December 10, 2020, by and among Aytu Bioscience
Inc., a Delaware corporation (“Parent”), Neutron Acquisition Sub, Inc., a Delaware corporation and a wholly
owned Subsidiary of Parent (“Merger Sub”) and the stockholders of Neos Therapeutics, Inc., a Delaware corporation
(the “Company”) listed on Schedule A hereto (“Securityholder”). Capitalized terms
used but not defined herein are used as they are defined in the Merger Agreement (as defined below).

 

RECITALS:

 

A. Securityholder owns
beneficially and of record the shares of capital stock of the Company as set forth opposite Securityholder’s name on Schedule
A hereto (such shares of capital stock, together with any other shares of capital stock of the Company or Parent acquired by
Securityholder after the date hereof and during the term of this Agreement, being collectively referred to herein as the “Subject
Securities”).

 

B. Upon the satisfaction
or waiver of the terms and conditions of the Agreement and Plan of Merger by and among Parent, Merger Sub and the Company, dated
as of the date hereof (as amended, restated or supplemented from time to time, the “Merger Agreement”), Merger
Sub will be merged with and into the Company, with the Company to be the surviving corporation of such merger (the “Merger”).

 

C. In order to induce
Parent and Merger Sub to enter into the Merger Agreement and in consideration of the execution thereof by Parent and Merger Sub
and to enhance the likelihood that the Merger and the other transactions contemplated by the Merger Agreement (collectively, the
“Transactions”) will be consummated, Securityholder, solely in Securityholder’s capacity as holder of
the Subject Securities, has entered into this Agreement and agrees to be bound hereby.

 

     

     

    

 

NOW THEREFORE, in consideration of the promises
and the covenants and agreements set forth below, and for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

 

1. No Transfer of
Subject Securities. During the term of this Agreement, Securityholder shall not cause or permit any Transfer (as defined below)
of any of the Subject Securities or enter into any agreement, option or arrangement with respect to a Transfer of any of the Subject
Securities. Following the date hereof and except as required by this Agreement, Securityholder shall not deposit (or permit the
deposit of) any Subject Securities in a voting trust or grant any proxy or enter into any voting agreement or similar agreement
with respect to any of the Subject Securities or in any way grant any other Person any right whatsoever with respect to the voting
or disposition of the Subject Securities. For purposes hereof, a Person shall be deemed to have effected a “Transfer”
of Subject Securities if such Person directly or indirectly: (a) sells, pledges, encumbers, grants an option with respect to, transfers,
assigns, or otherwise disposes of any Subject Securities, or any interest in such Subject Securities; or (b) enters into an agreement
or commitment providing for the sale of, pledge of, encumbrance of, grant of an option with respect to, transfer of or disposition
of such Subject Securities or any interest therein. Notwithstanding the foregoing, Securityholder may make (1) transfers by will
or by operation of Law or other transfers for estate-planning purposes, in which case this Agreement shall bind the transferee,
(2) with respect to Securityholder’s Company Options which expire on or prior to the termination of this Agreement, transfers,
sale, or other disposition of Subject Securities to the Company as payment for the (i) exercise price of Securityholder’s
Company Options and (ii) taxes applicable to the exercise of Securityholder’s Company Options, (3) with respect to Securityholder’s
Company RSUs, (i) transfers for the net settlement of Securityholder’s Company RSUs settled in Subject Securities (to pay
any tax withholding obligations) or (ii) transfers for receipt upon settlement of such Securityholder’s Company RSUs, and
the sale of a sufficient number of such Subject Securities acquired upon settlement of such securities as would generate sales
proceeds sufficient to pay the aggregate taxes payable by Securityholder as a result of such settlement, (4) if Securityholder
is a partnership or limited liability company, a transfer to one or more partners or members of Securityholder or to an Affiliated
corporation, trust or other entity under common control with Securityholder, or if Securityholder is a trust, a transfer to a beneficiary,
provided that in each such case the applicable transferee has signed a voting agreement in substantially the form hereof, (5) transfers
to another holder of the capital stock of the Company that has signed a voting agreement in substantially the form hereof or (6)
pursuant to a Rule 10b5-1 trading plan in effect as of the date hereof. If any voluntary or involuntary transfer of any Subject
Securities covered hereby shall occur (including a transfer or disposition permitted by Section 1(1) through Section 1(6), sale
by a Securityholder’s trustee in bankruptcy, or a sale to a purchaser at any creditor’s or court sale), the transferee
(which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall
take and hold such Subject Securities subject to all of the restrictions, liabilities and rights under this Agreement, which shall
continue in full force and effect, notwithstanding that such transferee is not a Securityholder and has not executed a counterpart
hereof or joinder hereto.

 

2. Agreement to
Vote Shares. At any meeting of stockholders of the Company at any adjournment thereof, in any action by written consent or
in any other circumstances upon which Securityholder’s vote, consent or other approval is sought, Securityholder shall vote
(or cause to be voted), as applicable, all of the Subject Securities that are then entitled to be voted: (i) in favor of: (1) the
Merger Agreement and the Transactions, and (2) any proposal to adjourn or postpone such meeting of stockholders of the Company
to a later date if there are not sufficient votes to approve the Merger Agreement and the Transactions; and (ii) against (1)
any Company Acquisition Proposal, or any of the transactions contemplated thereby, (2) any action, proposal, transaction, or agreement which
could reasonably be expected to result in a breach of any covenant, representation or warranty, or any other obligation or agreement of
the Company under the Merger Agreement or of Securityholder under this Agreement, and (3) any action, proposal,
transaction, or agreement that could reasonably be expected to impede, interfere with, delay, discourage, adversely affect,
or inhibit the timely consummation of the Transactions or the fulfillment of the Company’s conditions under the Merger Agreement or
change in any manner the voting rights of any class of shares of the Company (including any amendments to the Company
Charter or Company Bylaws).

 

Securityholder agrees
that the Subject Securities that are entitled to be voted shall be voted (or caused to be voted) as set forth in the preceding
sentence whether or not such Securityholder’s vote, consent or other approval is sought on only one or on any combination
of the matters set forth in this Section 2 and at any time or at multiple times during the term of this Agreement.

 

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3. Opportunity to
Review. Securityholder acknowledges receipt of the Merger Agreement and represents that he, she, or it has had (i) the opportunity
to review, and has read, reviewed and understands, the terms and conditions of the Merger Agreement and this Agreement, and (ii)
the opportunity to review and discuss the Merger Agreement, the Transactions and this Agreement with his, her or its own advisors
and legal counsel.

 

4. Confidentiality
and Public Disclosure. From the date of this Agreement until the Closing, none of the Securityholder, Parent or Merger Sub
shall make any public announcements regarding this Agreement, the Merger Agreement or the transactions contemplated hereby or thereby;
provided, however, that nothing herein shall be deemed to prohibit such public announcement (i) that the Company
and Parent agree upon, (ii) that either the Company or Parent deems necessary or appropriate under applicable Laws or (iii) required
by obligations pursuant to any listing agreement with any national securities exchange or stock market.

 

5. Representations
and Warranties of Securityholder. Securityholder hereby represents and warrants as follows:

 

(a) Securityholder
(i) is the record and beneficial owner of the Subject Securities, free and clear of any liens, adverse claims, charges or other
encumbrances of any nature whatsoever (other than pursuant to (x) restrictions on transfer under applicable securities laws, or
(y) this Agreement), and (ii) does not beneficially own any securities of the Company (including options, warrants or convertible
securities) other than the Subject Securities.

 

(b) Except
with respect to obligations under the Company’s Bylaws, as applicable, Securityholder has the sole right to Transfer, to
vote (or cause to vote) and to direct (or cause to direct) the voting of the Subject Securities, and none of the Subject Securities
are subject to any voting trust or other agreement, arrangement or restriction with respect to the Transfer or the voting of the
Subject Securities (other than restrictions on transfer under applicable securities laws), except as set forth in this Agreement.

 

(c) Securityholder
(i) if not a natural person, is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization,
and (ii) has the requisite corporate, company, partnership or other power and authority to execute and deliver this Agreement,
to consummate the transactions contemplated hereby and to comply with the terms hereof. The execution and delivery by Securityholder
of this Agreement, the consummation by Securityholder of the transactions contemplated hereby and the compliance by Securityholder
with the provisions hereof have been duly authorized by all necessary corporate, company, partnership or other action on the part
of Securityholder, and no other corporate, company, partnership or other proceedings on the part of Securityholder are necessary
to authorize this Agreement, to consummate the transactions contemplated hereby or to comply with the provisions hereof.

 

(d) This Agreement
has been duly executed and delivered by Securityholder, constitutes a valid and binding obligation of Securityholder and, assuming
due authorization, execution and delivery by the other parties thereto, is enforceable against Securityholder in accordance with
its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer
or other similar laws affecting or relating to creditors’ rights generally, and (ii) the availability of injunctive relief
and other equitable remedies.

 

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6. No Conflict. The execution
and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with the provisions hereof
do not and will not conflict with, or result in (i) any violation or breach of, or default (with or without notice or lapse of
time, or both) under, any provision of the organizational documents of Securityholder, if applicable, (ii) any material violation
or breach of, or default (with or without notice or lapse of time, or both) under any (A) statute, Law, ordinance, rule or regulation
or (B) judgment, order or decree, in each case, applicable to Securityholder or its properties or assets, or (iii) any material
violation or breach of, or default (with or without notice or lapse of time, or both) under any material contract, trust, commitment,
agreement, understanding, arrangement or restriction of any kind to which Securityholder is a party or by which Securityholder
or Securityholder’s assets are bound.

 

7. Termination.
This Agreement shall terminate automatically upon the earliest of (a) the Effective Time, (b) such date and time as the Merger
Agreement shall be terminated in accordance with Article VIII thereof, (c) as to Securityholder, such date and time as (i) any
amendment or change to the Merger Agreement is effected without the Stockholder’s prior written consent that decreases the
amount, or changes the form, of consideration payable under the Merger Agreement to Securityholder, or (ii) any amendment or change
to the Merger Agreement is effected without Securityholder’s prior written consent that otherwise materially and adversely
affects Securityholder and (d) as to Securityholder, the written agreement of Parent and Securityholder. In the event of the termination
of this Agreement, this Agreement shall forthwith become null and void, there shall be no liability on the part of any of the parties,
and all rights and obligations of each party hereto shall cease; provided, however, that no such termination of this
Agreement shall relieve any party hereto from any liability for any Willful and Material Breach of any provision of this Agreement
prior to such termination.

 

8. No Solicitation.
Subject to Section 9, Securityholder shall not, and shall cause its Subsidiaries not to, and shall use it reasonable
best efforts to cause its Affiliates and Representatives not to: (a) directly or indirectly solicit, seek, initiate, knowingly
encourage, or knowingly facilitate any inquiries regarding, or the making of, any submission or announcement of a proposal or offer
that constitutes, or could reasonably be expected to lead to, any Company Acquisition Proposal; (b) directly or indirectly engage
in, continue, or otherwise participate in any discussions or negotiations regarding, or furnish or afford access to any other Person
any information in connection with or for the purpose of encouraging or facilitating, any proposal or offer that constitutes, or
could reasonably be expected to lead to, any Company Acquisition Proposal; (c) enter into any agreement, agreement in
principle, letter of intent, memorandum of understanding, or similar arrangement with respect to a Company Acquisition Proposal;
(d) solicit proxies with respect to a Company Acquisition Proposal (other than the Transactions and the Merger Agreement)
or otherwise encourage or assist any Person in taking or planning any action that could reasonably be expected to compete with,
restrain, or otherwise serve to interfere with or inhibit the timely consummation of the Transactions in accordance with
the terms of the Merger Agreement; or (e) initiate a stockholders’ vote or action by written consent of the Company’s
stockholders with respect to a Company Acquisition Proposal. Notwithstanding the foregoing, Securityholder may (and may permit
its Affiliates and its and its Affiliates’ Representatives to) participate in discussions and negotiations with any Person
making a Company Acquisition Proposal (or its Representatives) with respect to such Company Acquisition Proposal if: (i) the Company
is engaging in discussions or negotiations with such Person in accordance with Section 6.2 of the Merger Agreement;
and (ii) Securityholder’s negotiations and discussions are in conjunction with and ancillary to the Company’s discussions
and negotiations.

 

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9. No Agreement as
Director or Officer. Securityholder makes no agreement or understanding in this Agreement in Securityholder’s
capacity as a director or officer of the Company or any of their respective subsidiaries (if Securityholder holds such office),
and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Securityholder in Securityholder’s
capacity as such a director or officer, including in exercising rights under the Merger Agreement, and no such actions
or omissions shall be deemed a breach of this Agreement; or (b) will be construed to prohibit, limit, or restrict Securityholder
from exercising Securityholder’s fiduciary duties as an officer or director to the Company or their respective stockholders.
1

 

10. Successors, Assigns
and Transferees Bound. Without limiting Section 1 hereof in any way, each Securityholder agrees that this Agreement and the
obligations hereunder shall attach to the Subject Securities from the date hereof through the termination of this Agreement and
shall, to the extent permitted by applicable Laws, be binding upon any Person to which legal or beneficial ownership of the Subject
Securities shall pass, whether by operation of law or otherwise, including Securityholder’s heirs, guardians, administrators
or successors, and Securityholder further agrees to take all reasonable actions necessary to effectuate the foregoing.

 

11. Remedies.
Securityholder acknowledges that money damages would be both incalculable and an insufficient remedy for any breach of this Agreement
by it, and that any such breach would cause Parent irreparable harm. Accordingly, Securityholder agrees that in the event of any
breach or threatened breach of this Agreement, Parent, in addition to any other remedies at law or in equity each may have, shall
be entitled to seek immediate equitable relief, including injunctive relief and specific performance, without the necessity of
proving the inadequacy of money damages as a remedy and without the necessity of posting any bond or other security, to prevent
breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any
state having jurisdiction.

 

12. Notices. All
notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when personally delivered,
or if sent by United States certified mail, return receipt requested, postage prepaid, shall be deemed duly given on delivery by
United States Postal Service, or if sent by e-mail or receipted overnight courier services shall be deemed duly given on the Business
Day received if received prior to 5:00 p.m. local time or on the following Business Day if received after 5:00 p.m. local time
or on a non-Business Day, addressed to the respective parties as follows: if to Parent or Merger Sub, in accordance with Section
9.2 of the Merger Agreement and if to Securityholder, to the address set forth on Schedule A hereto.

 

 

1
No appraisal rights in this transaction.

 

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13. Severability.
Any provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
To the extent permitted by Law, each party hereby waives any provision of Law that renders any such provision prohibited or unenforceable
in any respect.

 

14. Entire Agreement/Amendment.
This Agreement (including the provisions of the Merger Agreement referenced herein) represent the entire agreement of the parties
with respect to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the
parties with respect to the subject matter hereof. This Agreement may not be amended, modified, altered or supplemented except
by means of a written instrument executed and delivered by the parties hereto.

 

15. Governing Law.
This Agreement, and all claims or causes of action (whether in contract, tort or otherwise) that may be based upon, arise out of
or relate to this Agreement or the negotiation, execution or performance of this Agreement, shall be governed by and construed
in accordance with the internal Laws of the State of Delaware without reference to its choice of law rules. Each party agrees that
any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement shall
be brought or otherwise commenced exclusively in the Court of Chancery of the State of Delaware or any federal court of competent
jurisdiction in the State of Delaware. Each of the parties consents to service of process in any such proceeding in any manner
permitted by the Laws of the State of Delaware, and agrees that service of process by registered or certified mail, return receipt
requested, at its address specified pursuant to Section 13 of this Agreement is reasonably calculated to give actual notice.
Each party waives and agrees not to assert (by way of motion, as a defense or otherwise), in any such legal proceeding commenced
in such courts, any claim that such party is not subject personally to the jurisdiction of such courts, that such legal proceeding
has been brought in an inconvenient forum, that the venue of such proceeding is improper or that this Agreement or the subject
matter hereof or thereof may not be enforced in or by such courts. EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF.

 

16. No Agreement Until
Executed. Irrespective of negotiations among the parties or the exchanging of drafts of this Agreement, this Agreement shall
not constitute or be deemed to evidence a Contract, agreement, arrangement or understanding between the parties hereto unless and
until (a) the Company Board has approved, for purposes of any applicable anti-takeover Laws and regulations and any applicable
provision of the certificate of incorporation of the Company, the Merger Agreement and the Transactions, (b) the Merger Agreement
is executed by all parties thereto, and (c) this Agreement is executed by all parties hereto.

 

17. Counterparts.
This Agreement may be executed by delivery of electronic signatures and in two or more counterparts, each of which shall be deemed
an original, and it shall not be necessary in making proof of this Agreement or the terms hereof to produce or account for more
than one of such counterparts.

 

[SIGNATURE
PAGES FOLLOW]

 

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In
Witness Whereof, the parties have caused this Agreement to be executed as of the date first above written.

 

	 	SECURITYHOLDER
	 	 	 
	 	By:	                               
	 	Name:	 
	 	Title:	 

 

[Signature Page to Voting and Support Agreement]

 

     

     

    

 

In
Witness Whereof, the parties have caused this Agreement to be executed as of the date first above written.

 

	 	AYTU BIOSCIENCE, INC.
	 	 	 
	 	By:	                                    
	 	Name:	 
	 	Title:	 
	 	 	 
	 	NEUTRON ACQUISITION SUB, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Voting and Support Agreement]

 

     

     

    

 

SCHEDULE A

 

	Name and Address of Securityholder	 	Number and Class of Subject SecuritiesExhibit 10.1

 

THIS
NOTE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED
UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR UNLESS THE COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL
THAT THE REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS
IS NOT REQUIRED.

 

6%
Convertible Promissory Note

 

	U.S.
    $50,000	Issuance
    Date: November 30,2020
	No.:
    113020	Maturity
Date: March 31, 2021

 

FOR
VALUE RECEIVED, Vivos, Inc., a Delaware corporation (the “Company”), hereby promises to pay to the order
of General Ventures LLC or any permitted holder of this Convertible Promissory Note (the “Payee”), at the principal
office of the Payee set forth herein, the principal sum of $100,000 , with interest on the unpaid principal balance hereof at
a rate equal to six percent (6%) per annum commencing on the date hereof, in such coin or currency of the United States of America
as at the time shall be legal tender for the payment of public and private debts and in immediately available funds, as provided
in this Convertible Promissory Note (this “Note”).

 

1.
Exchange of Principal and Interest upon Qualified Financing. Following the Issuance Date, upon the closing of an equity
financing pursuant to an effective registration statement or a Reg. A offering with gross proceeds to the Company totaling at
least $350,000 exclusive of any note exchanges as defined herein (a “Qualified Financing”), the outstanding
principal amount of this Note together with all accrued and unpaid interest hereunder (the “Outstanding Balance”)
shall be exchanged into such securities as are issued in the Qualified Financing, the amount of which shall be determined in accordance
with the following formula: (the Outstanding Balance as of the closing of the Qualified Financing) x (1.20) (the, “Exchange
Amount”). Upon an exchange of this Note, the Payee shall be granted all rights afforded to an investor in the Qualified
Financing.

 

    	 

     

    

 

2.
Voluntary Conversion of Principal and Interest. Subject to the terms and conditions of this Section 2 and provided this
Note remains outstanding and has not been converted pursuant to Section 1, the Payee shall have the right, at the Payee’s
discretion, (1) to convert the Outstanding Balance (the “Conversion Right”) into an amount of common stock (or the
equivalent amount of convertible preferred stock if necessary to prevent ownership in excess of 4.99%) equal to the Outstanding
Balance divided by $.0___ or (2) to apply the Exchange Amount as purchase price into an equity financing completed by the Company
that does not otherwise meet the definition of a Qualified Financing. If the Payee desires to exercise the Conversion Right, the
Payee shall, give written notice to the Company (by email or fax) (the “Conversion Notice” in the form attached hereto),
which Conversion Notice shall (a) state the Payee’s election to exercise the Conversion Right, and (b) provide for a representation
and warranty of the Payee to the Company that, as of the date of the Conversion Notice, the Payee has not assigned or otherwise
transferred all or any portion of the Payee’s rights under this Note to any third parties.

 

3.
Delivery of Conversion Shares Upon Conversion. Not later than three (3) Trading Days after each Conversion Date (the “Share
Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder by electronic delivery or as directed
by Payee the Conversion Shares.

 

i.
Failure to Deliver Conversion Shares. If, in the case of any Notice of Conversion, such Conversion Shares are not delivered
to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice
to the Company at any time on or before its receipt of such Conversion Shares, to rescind such Conversion, in which event the
Company shall promptly return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return
to the Company the Conversion Shares issued to such Holder pursuant to the rescinded Conversion Notice.

 

ii.
Obligation Absolute; Partial Liquidated Damages. The Company’s obligations to issue and deliver the Conversion Shares
upon conversion of this Debenture in accordance with the terms hereof are absolute and unconditional, irrespective of any action
or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any
judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination,
or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any violation or alleged
violation of law by the Holder or any other Person, and irrespective of any other circumstance which might otherwise limit such
obligation of the Company to the Holder in connection with the issuance of such Conversion Shares. If the Company fails for any
reason to deliver to the Holder such certificate or certificates by the Share Delivery Date, the Company shall pay to the Holder,
in cash, as liquidated damages and not as a penalty, for each $1,000 of principal amount being converted, $10 per Trading Day
(increasing to $20 per Trading Day on the fifth (5th) Trading Day after such liquidated damages begin to accrue) for
each Trading Day after such Share Delivery Date until such certificates are delivered or Holder rescinds such conversion. Nothing
herein shall limit a Holder’s right to pursue actual damages or declare an Event of Default for the Company’s failure
to deliver Conversion Shares within the period specified herein and the Holder shall have the right to pursue all remedies available
to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief.
The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof
or under applicable law.

 

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4.
Principal and Interest Payments.

 

In
the event a Qualified Financing is not completed or the the Payee has not exercised the Conversion Option, Company shall repay
the entire principal balance then outstanding under this Note by May 30, 2021 (the “Maturity Date”), unless
otherwise extended in writing by the Payee.

 

Interest
on the outstanding principal balance of this Note shall accrue at a rate of six percent (6%) per annum commencing on the date
hereof, which interest shall be computed on the basis of the actual number of days elapsed and a year of three hundred and sixty-five
(365) days. In the event there has been no Qualified Financing and the Payee has not exercised its Conversion Right, all accrued
and unpaid interest due under this Note shall be payable on the Maturity Date by the Company. Furthermore, upon the occurrence
of an Event of Default (as defined below), or following the Maturity Date, the interest shall accrue on the then outstanding principal
balance of the Note from such date until this Note is paid in full at the rate of 10 percent (10%) per annum.

 

At
the Company’s sole option, the Company may prepay all or a portion of the outstanding principal amount of this Note and/or
all or a portion of the accrued and unpaid interest hereon in cash at any time prior to the Maturity Date without penalty or premium.
Any payments made under this Note shall be applied first to the accrued and unpaid interest, if any, and the remainder to the
unpaid principal amount. Notwithstanding the foregoing, the holder of this Note shall retain the right to convert this Note, for
a period of ten (10) business days following the Company’s notice of its intention to prepay this Note.

 

5.
Non-Business Days. Whenever any payment to be made shall be due on a Saturday, Sunday or a public holiday under the laws
of the State of New York, such payment may be due on the next succeeding business day and such next succeeding day shall be included
in the calculation of the amount of accrued interest payable on such date.

 

6.
Representations and Warranties of the Company. The Company represents and warrants to the Payee as follows:

 

(a)
The Company has been duly incorporated and validly exists and is in good standing under the laws of the State of Delaware, with
full corporate power and authority to own, lease and operate its properties and to conduct its business as currently conducted.

 

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(b)
This Note has been duly authorized, validly executed and delivered on behalf of the Company and is a valid and binding obligation
of the Company enforceable against the Company in accordance with its terms, subject to limitations on enforcement by general
principles of equity and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally.

 

(c)
The execution, delivery and performance of this Note will not: (i) conflict with or result in a material breach of or a default
under any of the terms or provisions of, (A) the Company’s Certificate of Incorporation or by-laws, or (B) any material
provision of any indenture, mortgage, deed of trust or other material agreement or instrument to which the Company is a party
or by which it or any of its material properties or assets is bound; (ii) result in a violation of any material provision of any
law, statute, rule, regulation, or any existing applicable decree, judgment or order by any court, Federal or state regulatory
body, administrative agency, or other governmental body having jurisdiction over the Company, or any of its material properties
or assets; or (iii) result in the creation or imposition of any material lien or encumbrance upon any material property or assets
of the Company pursuant to the terms of any agreement or instrument to which the Company is a party or may be bound or to which
the Company or any of its property is subject.

 

(d)
No consent, approval or authorization of or designation, declaration or filing with any governmental authority on the part of
the Company is required in connection with the valid execution and delivery of this Note.

 

(e)
The Company shall not issue any notes or indebtedness that rank senior to this Note while this Note is outstanding.

 

7.
Events of Default. The occurrence of any of the following events shall be an “Event of Default” under
this Note:

 

(a)
the Company shall fail to make the payment of any principal amount outstanding for a period of ten (10) business days after the
date such payment shall become due and payable hereunder; or

 

(b)
the Company shall fail to make the payment of any accrued and unpaid interest for a period of ten (10) business days after the
date such interest shall become due and payable hereunder; or

 

(c)
any material breach by the Company of any representations or warranties made by the Company herein; or

 

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(d)
the holder of any indebtedness of the Company shall accelerate any payment of any amount or amounts of principal or interest on
any such indebtedness (the “Indebtedness”) (other than with respect to this Note and notes of like tenor) prior
to its stated maturity or payment date, the aggregate principal amount of which Indebtedness is in excess of $500,000, whether
such Indebtedness now exists or shall hereinafter be created, and such accelerated payment entitles the holder thereof to immediate
payment of such Indebtedness which is due and owing and such indebtedness has not been discharged in full or such acceleration
has not been stayed, rescinded or annulled within fifteen (15) business days of such acceleration; or

 

(e)
A judgment or judgments for the payment of money shall be rendered against the Company for an amount in excess of $500,000 in
the aggregate (net of any applicable insurance coverage) for all such judgments that shall remain unpaid for a period of forty
five (45) consecutive days or more after its entry or issue or that shall not be discharged, released, dismissed, stayed or bonded
(due to an appeal or otherwise) within forty five (45) consecutive day period after its entry or issue; or

 

(f)
the Company shall (i) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee
or liquidator of itself or of all or a substantial part of its property or assets, (ii) make a general assignment for the benefit
of its creditors, (iii) commence a voluntary case under the Federal Bankruptcy Code, as amended (the “Bankruptcy Code”)
or under the comparable laws of any jurisdiction (foreign or domestic), (iv) file a petition seeking to take advantage of any
bankruptcy, insolvency, moratorium, reorganization or other similar law affecting the enforcement of creditors’ rights generally,
or (v) acquiesce in writing to any petition filed against it in an involuntary case under the Bankruptcy Code or under the comparable
laws of any jurisdiction (foreign or domestic); or

 

(g)
a proceeding or case shall be commenced in respect of the Company without its application or consent, in any court of competent
jurisdiction, seeking (i) the liquidation, reorganization, moratorium, dissolution, winding up, or composition or readjustment
of its debts, (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of it or of all or any substantial
part of its assets or (iii) similar relief in respect of it under any law providing for the relief of debtors, and such proceeding
or case described in clause (i), (ii) or (iii) shall continue undismissed, or unstayed and in effect, for a period of forty-five
(45) consecutive days or any order for relief shall be entered in an involuntary case under the Bankruptcy Code or under the comparable
laws of any jurisdiction (foreign or domestic) against the Company or any of its subsidiaries and shall continue undismissed,
or unstayed and in effect for a period of forty-five (45) consecutive days; or

 

(h)
the Company issues any indebtedness ranking senior to this Note, while this Note is outstanding.

 

    	5

     

    

 

8.
Remedies Upon Event of Default. If an Event of Default shall have occurred and shall be continuing, the Payee of this Note
may at any time at its option, (a) declare, by providing the Company with not less than ten (10) days prior written notice, the
entire unpaid principal balance of this Note together with all interest accrued and unpaid hereon, due and payable, and upon the
Company’s receipt of such notice, the same shall be accelerated and so due and payable; provided, however,
that upon the occurrence of an Event of Default described in (i) Sections 8(f) and (g), without presentment, demand, protest,
or notice, all of which are hereby expressly unconditionally and irrevocably waived by the Company, the outstanding principal
balance and accrued and unpaid interest hereunder shall be immediately due and payable, and (ii) Sections 8(a) through (e), the
Payee may exercise or otherwise enforce any one or more of the Payee’s rights, powers, privileges, remedies and interests
under this Note or applicable law. No course of delay on the part of the Payee shall operate as a waiver thereof or otherwise
prejudice the right of the Payee. No remedy conferred hereby shall be exclusive of any other remedy referred to herein or now
or hereafter available at law, in equity, by statute or otherwise. Notwithstanding anything to the contrary contained in this
Note, Payee agrees that its rights and remedies hereunder are limited to receipt of cash or shares of the Company’s common
stock in the amounts described herein.

 

9.
Conversion Restrictions.

 

(a)
Notwithstanding anything to the contrary as set forth in Section 1 and 2 of this Note, at no time may a holder of this Note convert
this Note if the number of shares of Common Stock to be issued pursuant to such conversion would cause the number of shares of
Common Stock owned by such holder at such time to exceed, when aggregated with all other shares of Common Stock owned by such
holder at such time, the number of shares of Common Stock which would result in such holder beneficially owning (as determined
in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules thereunder) in excess of 4.99%
of the then issued and outstanding shares of Common Stock outstanding at such time; provided, however, that upon the Note holder
providing the Company with sixty-one (61) days notice (the “Waiver Notice”) that such holder would like to waive such
Conversion Restriction. This Section 9(a) with regard to any or all shares of Common Stock issuable upon conversion of this Note,
shall be of no force or effect with regard to those shares of referenced in the Waiver Notice.

 

(b)
Notwithstanding anything to the contrary as set forth in Section 1 and 2 of this Note, at no time may a holder of this Note convert
this Note if the number of shares of Common Stock to be issued pursuant to such conversion would cause the number of shares of
Common Stock owned by such holder at such time to exceed, when aggregated with all other shares of Common Stock owned by such
holder at such time, the number of shares of Common Stock which would result in such holder beneficially owning (as determined
in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules thereunder) in excess of 9.99%
of the then issued and outstanding shares of Common Stock outstanding at such time; provided, however, that upon the Note holder
providing the Company with sixty-one (61) days notice (the Waiver Notice”) that such holder would like to waive such Conversion
Restriction, this Section 9(b) with regard to any or all shares of Common Stock issuable upon conversion of this Note, shall be
of no force or effect with regard to those shares of referenced in the Waiver Notice.

 

    	6

     

    

 

10.
Replacement. Upon receipt of a duly executed and notarized written statement from the Payee with respect to the loss, theft
or destruction of this Note (or any replacement hereof), and without requiring an indemnity bond or other security, or, in the
case of a mutilation of this Note, upon surrender and cancellation of such Note, the Company shall issue a new Note, of like tenor
and amount, in lieu of such lost, stolen, destroyed or mutilated Note.

 

11.
Parties in Interest; Transferability. This Note shall be binding upon the Company and its successors and assignees and
the terms hereof shall inure to the benefit of the Payee and its successors and permitted assigns. This Note may not be transferred
or sold, pledged, hypothecated or otherwise granted as security by the Payee without the prior written consent of the Company,
which consent will not be unreasonably withheld.

 

12.
Amendments. This Note may not be modified or amended in any manner except in writing executed by the Company and the Payee.

 

13.
Notices. Any notice, demand, request, waiver or other communication required or permitted to be given hereunder shall be
in writing and shall be effective (a) upon hand delivery by telecopy or facsimile at the address or number designated below (if
delivered on a business day during normal business hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or
(b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first occur.

 

	Address
    of the Payee:	General
    Ventures
	 	 
	Address
    of the Company:	Vivos,
    Inc.
	 	719
    Jadwin Avenue
	 	Richland,
    Washington 99352

 

14.
Governing Law. This Note shall be governed by and construed in accordance with the internal laws of the State of New York,
without giving effect to the choice of law provisions. This Note shall not be interpreted or construed with any presumption against
the party causing this Note to be drafted

 

    	7

     

    

 

15.
Headings. Article and section headings in this Note are included herein for purposes of convenience of reference only and
shall not constitute a part of this Note for any other purpose.

 

16.
Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall
be cumulative and in addition to all other remedies available under this Note, at law or in equity (including, without limitation,
a decree of specific performance and/or other injunctive relief), no remedy contained herein shall be deemed a waiver of compliance
with the provisions giving rise to such remedy and nothing herein shall limit a Payee’s right to pursue actual damages for
any failure by the Company to comply with the terms of this Note. The Company acknowledges that a breach by it of its obligations
hereunder will cause irreparable and material harm to the Payee and that the remedy at law for any such breach may be inadequate.
Therefore, the Company agrees that, in the event of any such breach or threatened breach, the Payee shall be entitled, in addition
to all other available rights and remedies, at law or in equity, to seek and obtain such equitable relief, including but not limited
to an injunction restraining any such breach or threatened breach, without the necessity of showing economic loss and without
any bond or other security being required.

 

17.
Failure or Delay Not Waiver. No failure or delay on the part of the Payee in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege.

 

18.
Enforcement Expenses. The Company agrees to pay all reasonable costs and expenses of enforcement of this Note, including,
without limitation, reasonable attorneys’ fees and expenses.

 

19.
Binding Effect. The obligations of the Company and the Payee set forth herein shall be binding upon the successors and
permitted assigns of each such party.

 

20.
Compliance with Securities Laws. The Payee acknowledges and agrees that this Note and the securities issuable upon the
conversion of this Note, is being, and will be, acquired solely for the Payee’s own account and not as a nominee for any
other party, and for investment purposes only and not with a view to the resale or distribution of any part thereof, and that
the Payee shall not offer, sell or otherwise dispose of this Note or the securities issuable upon the conversion of this Note
other than in compliance with applicable federal and state laws. The Payee understands that this Note and the securities issuable
upon the conversion of this Note, unless otherwise registered, are “restricted securities” under applicable federal
and state securities laws and that such securities have not been, and will not be, registered under the Securities Act of 1933,
as amended (the “Securities Act”). The Payee represents and warrants to the Company that the Payee is an “accredited
investor” as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act. This Note and any Note
issued in substitution or replacement therefore, and the securities issuable upon the conversion of this Note, unless otherwise
registered, shall be stamped or imprinted with a legend in substantially the following form:

 

    	8

     

    

 

“THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS OR UNLESS THE COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL THAT THE REGISTRATION OF SUCH
SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.”

 

21.
Severability. The provisions of this Note are severable, and if any provision shall be held invalid or unenforceable in
whole or in part in any jurisdiction, then such invalidity or unenforceability shall not in any manner affect such provision in
any other jurisdiction or any other provision of this Note in any jurisdiction.

 

22.
Consent to Jurisdiction. Each of the Company and the Payee (i) hereby irrevocably submits to the jurisdiction of the United
States District Court sitting in the Southern District of New York and the courts of the State of New York located in New York
county for the purposes of any suit, action or proceeding arising out of or relating to this Note and (ii) hereby waives, and
agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of
such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding
is improper. Each of the Company and the Payee consents to process being served in any such suit, action or proceeding by mailing
a copy thereof to such party at the address set forth in Section 14 hereof and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing in this section shall affect or limit any right to serve process
in any other manner permitted by applicable law.

 

23.
Waivers. Except as otherwise specifically provided herein, the Company hereby waives presentment, demand, notice of nonpayment,
protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note,
and does hereby consent to any number of renewals or extensions of the time for payment hereof and agrees that any such renewals
or extensions may be made without notice and without affecting its liability herein, AND DOES HEREBY WAIVE TRIAL BY JURY. No delay
or omission on the part of the Payee in exercising its rights under this Note, or course of conduct relating hereto, shall operate
as a waiver of such rights or any other right of the Payee, nor shall any waiver by the Payee of any such right or rights on any
one occasion be deemed a waiver of the same right or rights on any future occasion.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	9

     

    

 

IN
WITNESS WHEREOF, the Company has executed and delivered this Note as of the date first written above.

 

	 	Maker:
	 	Vivos, Inc.
	 	 
	 	By:
    	              
	 	Name:	Michael
    Korenko
	 	Title:
    	Chief
    Executive Office

 

	 	Payee:
	 	 
	 	By:	 
	 	Name:	 
	 	Title	 

 

    	10

     

    

 

VIVOS,
INC.

8%
CONVERTIBLE PROMISSORY NOTE CONVERSION NOTICE

 

Reference
is made to the 8% CONVERTIBLE PROMISSORY NOTE of Vivos, Inc., a Delaware corporation (the “Company”), convertible
into shares of Common Stock, par value $0.001 per share (the “Common Stock”), of the Company, by submitting
this Notice of Conversion to the Company as of the date specified below.

 

Date
of Conversion Notice: __________

 

Note
Balance Being Converted: __________________

 

Calculation
of Shares due upon Note Conversion:

 

Shares
of Common Stock to be issued upon Note Conversion: ___________

 

Shares
of Common Stock beneficially owned

by
the Holder on the Date of Conversion: ______________

 

Please
instruct the Transfer Agent to issue the Common Stock issuable upon the Note Conversion being in the following name and to the
following address:

 

Physical
Delivery:

Issue
to:

 

Electronic
Delivery: (Subject to Transfer Agent conditions for Electronic Delivery)

Name
of bank/broker due to receive the underlying Common Stock:

 

Bank/broker’s
four digit “DTC” participant number

(obtained
from the receiving bank/broker): __________

 

Holder’s
Account Number: __________

 

Holder’s
Signature:

 

By:
_________________

 

Title:
________________

 

Dated:

 

    	11

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