Document:

Exhibit 10.1

 

THIS
DIRECTOR SERVICE AGREEMENT (this “Agreement”) is made, entered into, and effective as of August 9, 2016 (the “Effective
Date”)

 

BY
AND BETWEEN:

 

Portlogic
Systems Inc., a company duly incorporated under the laws of the State of Nevada (the "Company")

 

AND:

 

Jueane
Thiessen (the "Director")

 

NOW
THEREFORE IN CONSIDERATION of the mutual covenants and agreements hereinafter contained and for other good and valuable consideration
(the receipt and sufficiency of which is acknowledged by each party), the parties agree as follows:

 

ARTICLE
1: SERVICES, FEES, AND PAYMENT

 

1.1.
The Company engages the Director as an independent contractor to provide services described in Schedule ‘A’ attached
hereto (the “Services”), and the Director agrees to perform such Services.

 

1.2.
The Company will pay to the Director the compensation indicated in Schedule ‘A’ (the “Compensation”),
in full payment and reimbursement for providing the Services and for necessary expenses incurred in connection therewith, in the
manner and at the times set out in Schedule ‘A’ attached hereto, and the Director will accept such compensation as
full payment and reimbursement as aforesaid.

 

1.3.
In addition to the Compensation, the Company shall reimburse the Director payment of the following expenses within 30 days of
receiving satisfactory written documentation (sufficient to be audited and included in the Company’s tax return) setting
out the expense incurred by the Director:

 

●
Transportation and lodging costs incurred for the Director to attend any meeting of the Company’s board of directors, provided
the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company
has previously approved the nature, scope, and extent of such costs in writing after receiving a cost estimate from the Director;

 

●
Any other expense approved in writing by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company,
or the board of directors of the Company.

 

1.4.
The Director shall not be entitled to recover from the Company reimbursement for any expenses that were not approved in advance
by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.

 

    	 		 

     

    

 

ARTICLE
2: TERM AND TERMINATION

 

2.1.
The term of this Agreement shall commence on the Effective Date set forth on the first page, and, unless earlier terminated pursuant
to Article 2.2 of this Agreement, terminate upon the earliest of the following occurring (the “Term”):

 

●
One year following the Effective Date; or

 

●
The date that the Director is removed by action of one or more of the Company’s shareholders in accordance with the Company’s
Bylaws; or

 

●
The date that the Director resigns from the Company’s board of directors, provided that the Director previously provided
to the Company 30 days advance written notice of such intention to resign.

 

2.2.
Notwithstanding any other provision of this Agreement, if and when any one of the following events occurs, then, and in addition
to any other remedy or remedies available to the Company, this Agreement shall be immediately and automatically terminated (unless
otherwise decided by the board of directors of the Company), and the Company shall not be under any further obligation to the
Director:

 

(a)
the Director commits any breach and/or repeated and/or continual breach of any of Director’s obligations under this Agreement;

 

(b)
the Director has made any representation or warranty made in this Agreement that is untrue or incorrect;

 

(c)
the Director breaches, is in breach of, or has breached any covenant in this Agreement;

 

(d)
the Director fails to attend any two consecutive board of directors’ meetings of the Company consecutively and no other
director of the Company has agreed to attend such meetings on Director’s behalf;

 

(e)
the Director dies;

 

(f)
the Director is or becomes prohibited by any law, regulation, rule, practice direction, or practice rule from taking up the post
of director or senior officer or the Director loses the qualifications to act as director or senior officer;

 

(g)
the Director is or becomes unable to perform his duties under this Agreement due to health reasons, disability, or being of unsound
mind, unless the Company can accommodate the Director’s health impairment or disability without the Company incurring undue
hardship;

 

(h)
the Director is guilty of any serious misconduct or serious neglect in the discharge of the Director's duties hereunder;

 

    	 	2	 

     

    

 

(i)
the Director’s actions or omissions bring the name or reputation of the Company, or any of Company’s affiliates, subsidiaries,
or parent (each a “Group Member”) into serious disrepute or prejudices the business interests of the Company or any
Group Member;

 

(j)
the Director is sued for criminal liability or convicted of any criminal offence other than an offence which in the reasonable
opinion of the board of directors of the Company does not affect the Director’s position as a director (bearing in mind
the nature of the duties in which the Director is engaged and the capacities in which the Director is engaged); or

 

(k)
the Director is sued, fined, penalized, or censured for alleged or actual violation of any securities law or regulation in the
United States or elsewhere.

 

2.3.
Notwithstanding any other provisions of this Agreement, the provisions of Articles 5, 6, 7, and 8 of this Agreement and all obligations
of each party that have accrued before the effective date of termination of this Agreement that are of a continuing nature will
survive termination or expiration of this Agreement.

 

ARTICLE
3: INDEPENDENT CONTRACTOR

 

3.1.
The Director shall be an independent contractor and not the servant, employee, or agent of the Company, it being recognized, however,
that to the extent the provisions of this Agreement result in the creation of an agency relationship to allow the Director to
perform certain of the Services on behalf of the Company, then the Director shall, in that context, be the agent of the Company,
as the case may be.

 

3.2.
The Director will promptly pay, and be solely responsible for paying, as the same become due and payable as a result or consequence
of monies paid or payable by the Company to the Director pursuant to this Agreement, all amounts payable pursuant to applicable
tax statutes, workers’ compensation or workplace safety and insurance statutes, pension plan statutes, and any other taxes,
statutory deductions, contributions, and assessments on income required by the State of Nevada, the Province of Ontario, the Government
of Canada, the Government of the United States, and any other government or regulatory authority, agency or body.

 

3.3.
The Director agrees to indemnify and save harmless the Company against and for all and any claims, assessments, penalties, interest
charges and legal fees and disbursements and taxes incurred as result of having to defend same made against the Company as a result
of the Director’s failure to comply with Article 3.2 of this Agreement, or as a result of any decisions or investigations
made by any government agency or body in connection with the relationship between the parties hereto.

 

3.4.
The Director is not entitled to participate in any benefits or pension plan provided by the Company to any of its employees. Except
as is required by law, the Director will not receive any of the following or similar payments from the Company: vacation pay;
holiday pay; sick pay; overtime pay; benefits; or automobile allowance or company car.

 

3.5.
Subject to compliance with the provisions of this Agreement, the Director may, at any time or times during the Term, carry on
the business of providing services to the general public either alone or in association or partnership with another or others,
so long as such provision of services does not: create a conflict of interest with the interests of the Company; hinder the Director
from his commitment to providing the Services to the Company; or prevent the Director from providing the Services in a timely
and competent manner.

 

    	 	3	 

     

    

 

ARTICLE
4: PERSONAL SERVICE AND NON-ASSIGNMENT

 

4.1.
This Contract is an agreement relating to the provision of services by the Director personally. Therefore, the Director’s
rights, interests, obligations, duties, etc. hereunder shall not be transferred, assigned or delegated to any third party (except
the appointment in writing by the board of directors of the Company of any other director of the Company as proxy to attend a
board meeting of the Company).

 

ARTICLE
5: OWNERSHIP AND RETURN OF PROPERTY

 

5.1.
All property including, but not limited to, files, manuals, equipment, securities, and monies of any and all customers of the
Company related to the provision of the Services that are, from time to time, in the possession or control of the Director will
be, at all times, the exclusive property of the Company. The Director shall forthwith deliver all aforesaid property to the Company
on the earlier of:

 

(a)
the termination of this Agreement;

 

(b)
upon the request, at any time, by the Company.

 

5.2.
The Director agrees that upon termination of this Agreement, he shall at once deliver to the Company all books, manuals, reports,
documents, records, effects, money, securities, whether in print or stored electronically, or other property belonging to the
Company or for which the Company is liable to others which are in his possession, charge, control, or custody.

 

ARTICLE
6: CONFIDENTIALITY

 

6.1.
The Director acknowledges and agrees that the Company has certain confidential information which includes knowledge of trade secrets
whether patented or not, computer programs, research and development data, testing and evaluation plans, business plans, opportunities,
forecasts, products, strategies, proposals, suppliers, sales, manuals, work programs, financial and marketing information, customer
lists or names, and information regarding customers, contracts and accounts of the Company whether printed, stored electronically,
or provided verbally (the “Confidential Information”). Notwithstanding the foregoing, Confidential Information shall
not include:

 

(a)
information that has become generally available to the public other than as a result of a disclosure in breach of this Agreement;

 

    	 	4	 

     

    

 

(b)
information that is lawfully received on a non-confidential basis by the Director from a source other than the Company or any
of its respective subsidiaries, parent company, affiliates, directors, officers, employees, agents, advisors or other representatives
and such source is not prohibited from transmitting or disclosing the data or information by reason of any contractual, legal
or fiduciary obligation; or

 

(c)
information that the Director must disclose pursuant to the requirements of law, provided that the Director provides prompt written
notice to the Company of such required disclosure so that the Company may seek a protective order or other appropriate remedy
or waive compliance with the requirements of this Agreement. In the event that such protective order or other remedy is not obtained,
or the Company does not waive compliance with the requirements of this Agreement, the Director agrees to furnish only that portion
of the information that he is advised by his legal counsel in writing that he is legally required to disclose and will exercise
reasonable efforts to obtain reliable assurance that confidential treatment will be accorded to such information.

 

6.2.
The Director acknowledges and agrees that the Confidential Information developed or acquired by the Company is among the Company’s
most valuable assets and its value may be destroyed by dissemination or unauthorized use.

 

6.3.
The Director agrees that he will treat as confidential and will not, without the prior written consent of a majority of the Company’s
board of directors (excluding the Director in the event that the Director is a member of the board of directors), publish, release,
disclose, or permit to be published, released or disclosed, either before or after the termination of this Agreement, any Confidential
Information other than for the Company’s purposes and benefit.

 

6.4.
The Director agrees that during the term of contract and for twelve (12) months thereafter, he will not use, directly or indirectly,
any Confidential Information for his own benefit or for the benefit of any person competing or endeavoring to compete with the
Company.

 

ARTICLE
7: CONFLICT AND NON-COMPETITION

 

7.1.
Subject to Article 7.6 of this Agreement, the Director will not, during the Term, provide any service to any person where the
performance of that service may or does, in the reasonable opinion of the Director or the actual knowledge of the Director, give
rise to a conflict of interest between the obligations of the Director under this Agreement, and the obligations of the Director
to such other person.

 

7.2.
Subject to Article 7.6 of this Agreement, if the Director is asked by any person otherwise than pursuant to this Agreement, to
perform a service the performance of which in the reasonable or actual opinion of the Director might result in the Director breaching
Article 7.1, then the Director shall forthwith notify the Company’s board of directors of the particular circumstances and
the Company’s board of directors will thereafter promptly determine and notify the Director whether or not the Director
may, in light of those circumstances and Article 7.1, perform that service.

 

    	 	5	 

     

    

 

7.3.
Subject to Article 7.6 of this Agreement, the Director agrees that he will not, without the prior written consent of the Company,
at any time within twelve (12) months following termination of this Agreement, on his own behalf, or on behalf of any person competing
or endeavoring to compete with the Company, directly or indirectly solicit, endeavor to solicit, or seek to gain the custom of,
canvass, or interfere with any person that

 

(a)
is a customer of the Company as of the date of termination of this Agreement;

 

(b)
was a customer of the Company at any time within twelve (12) months prior to the date of termination of this Agreement; or

 

(c)
has been pursued as a prospective customer by or on behalf of the Company at any time within twelve (12) months prior to the date
of termination of this Agreement, and in respect of whom the Company has not determined to cease all such pursuit.

 

7.4.
The Director agrees and confirms that the restrictions in Article 7.3 are reasonable and waives all defences to the strict enforcement
of them by the Company.

 

7.5.
The Director agrees and confirms that Articles 7.3 (a), 7.3 (b), and 7.3 (c) are each separate and distinct covenants, severable
one from the other, and if any such covenant or covenants are determined to be unenforceable in whole or in part, such unenforceability
shall attach only to the covenant or covenants as determined, and all other such covenants shall continue in full force and effect.

 

ARTICLE
8: REMEDIES, ARBITRATION, AND VENUE

 

8.1.
The parties each agree to make use of the facilities of Small Claims Court, a branch of the Superior Court of Justice in Ontario
in connection with any claim, dispute or other matter in questions arising out of or relating to this Agreement or to a breach
or alleging breach thereof will, unless the party bringing forward the claim, dispute or other matter reasonably believes that
it represents an amount exceeding $10,000 in the lawful currency of Canada (or equivalent amount in foreign currency), in which
case it will be referred to arbitration to be conducted by a single arbitrator under and in accordance with the terms of the most
current version of the Province of Ontario Arbitration Act, S.O. 1991, c. 17, applying the substantive law of the Province of
Ontario and the laws of Canada applicable therein, with the arbitrator’s decision to be final, conclusive and binding upon
the parties. The parties agree that the dispute resolution procedures described in this Article 8.1 will be the sole and exclusive
procedures for the resolution of any disputes which arise out of or are related to this Agreement.

 

    	 	6	 

     

    

 

ARTICLE
9: NOTICES

 

9.1.
Any notice will be deemed delivered: (a) on the day of delivery in person; (b) one day after deposit with an overnight courier,
fully prepaid; (c) on the date sent by facsimile transmission; (d) on the date sent by e-mail, if confirmed by registered mail
(return receipt requested); or (e) four days after being sent by registered mail (return receipt requested).

 

9.2.
Any notice permitted or required under the Agreement must be in writing and be sent to the following address, fax number or e-mail,
or at such other reasonable address or fax number at which personal delivery may be effected of which a party may from time to
time give notice.

 

9.3.
Either party may, from time to time, advise the other party by notice in writing of any change of address of the party giving
such notice and from and after the giving of such notice the address therein specified will, for the purposes of paragraph 9.1,
be conclusively deemed to be the address of the party giving such notice.

 

ARTICLE
10: OWNERSHIP OF WORK

 

10.1.
The Director hereby assigns to the Company his entire right, title and interest in and to all discoveries and improvements, patentable
or otherwise, trade secrets and ideas, writings and copyrightable material, which may be conceived by the Director or developed
or acquired by him during the Term of this Agreement, which may pertain directly or indirectly to the business of the Company
or any of its subsidiaries, parent company, or affiliates (the “Work Product”). The Director agrees to disclose fully
all such developments to the Company upon the request of the board of directors of the Company, its Chief Executive Officer, or
its Chief Financial Officer, which disclosure shall be made in writing promptly following any such request. The Director shall,
upon the request of the Company, its Chief Executive Officer, or its Chief Financial Officer, execute, acknowledge and deliver
to the Company all instruments and do all other acts which are necessary or desirable to enable the Company or any of its subsidiaries
to file and prosecute applications for, and to acquire, maintain and enforce, all patents, trademarks and copyrights in all countries
in connection with any component of the Work Product.

 

10.2.
The Director agrees to assign, on an ongoing basis throughout the Term of the Agreement, exclusively to the Company in perpetuity,
all right, title and interest of any kind whatsoever, in and to the Work Product, including any and all copyrights thereto (and
the exclusive right to register copyrights). Accordingly, all rights in and to the Work Product, including any materials derived
therefrom or based thereon and regardless of whether any such Work Product is actually used by the Company, shall from its creation
be owned exclusively by the Company, and the Director will not have or claim to have any rights of any kind whatsoever in such
Work Product. Without limiting the generality of the foregoing, Director will not make any use of any of the Work Product in any
manner whatsoever without the Company’s prior written consent, which may be withheld at the sole discretion of the Company.

 

    	 	7	 

     

    

 

ARTICLE
11: GENERAL

 

11.1.
Entire Agreement. This Agreement constitutes the entire Agreement between the parties with respect to all matters herein,
and there are no other agreements in connection with this subject matter except as specifically set forth or referred to in this
Agreement. This Agreement supersedes any and all prior agreements and understandings relating to the subject matter. Both parties
acknowledge that neither of the parties has been induced to enter into this Agreement by any representation or writing not incorporated
into this Agreement.

 

11.2.
Governing Law. This Agreement will in all respects be governed exclusively by and construed in accordance with the laws
of the Province of Ontario and the laws of Canada applicable therein and will be treated in all respects as a Province of Ontario
contract.

 

11.3.
Amendments. This Agreement may only be amended if such amendment is confirmed in writing by both parties.

 

11.4.
Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all parties hereto
had all signed the same document. All counterparts shall be construed together and shall constitute one and the same original
document. Each party may deliver a counterpart signature page by facsimile transmission.

 

11.5.
Severability. If any portion of this Agreement is declared invalid or unenforceable, in whole or in part, it shall not
be deemed to affect or impair the validity or enforceability of any other covenant or provisions herein, and such unenforceable
portion shall be severed from the remainder of the Agreement.

 

11.6.
Waivers. A waiver of any default, breach, or non-compliance under this Agreement is not effective unless in writing and
signed by the party to be bound by the waiver. No waiver will be inferred from or implied by any failure to act or delay in acting
by a party in respect of any default, breach or non-observance or by anything done or omitted to be done by the other party. Any
waiver by a party of any default, breach or non-compliance under this Agreement will not operate as a waiver of that party’s
right under this Agreement in respect of any continuing or subsequent default, breach or non-observance.

 

11.7.
Headings. The headings used in this Agreement are for the convenience of reference only and do not form part of or affect
the interpretation of this Agreement.

 

11.8.
Schedules. Any Schedules to this Agreement are an integral part of this Agreement as if set out at length in the body of
this Agreement.

 

11.9.
Conflict. In the event that there is a conflict or inconsistency between the wording of any of this Agreement and any Schedule,
the Schedule shall govern.

 

11.10.
Further Assurances. The parties agree to do all such other things and to take all such other actions as may be necessary
or desirable to give full effect to the terms of this Agreement.

 

11.11.
Number and Gender. Unless the context requires otherwise, words importing the singular include the plural and vice versa
and words importing gender include all genders.

 

11.12.
“Person”. In this Agreement, the term “person” is to be broadly interpreted and includes an individual,
a corporation, a partnership, a trust, an unincorporated organization, the government of a country or any political subdivision
thereof, or any agency or department of any such government, and the executors, administrators or other legal representatives
of an individual in such capacity;

 

11.13.
Statute. Any reference to a statute in this Agreement, whether or not that statute has been defined or cited, includes
all regulations made under it, any amendments made to it and in force, and any statute passed in replacement of or in substitution
for it.

 

*
* * * *

 

    	 	8	 

     

    

 

IN
WITNESS WHEREOF the parties have duly executed this Agreement by signing below as of the Effective Date.

 

	The
    Company:	 
	PORTLOGIC
    SYSTEMS INC.	 
	 	 
	By:	/s/
    Jueane Thiessen	 
	Name:	Jueane
    Thiessen	 
	Title:	Director 	 
	 	 	 
	The
    Director:	 
	Jueane Thiessen	 
	 	 
	By:	/s/
Jueane Thiessen	 
	Name:	Jueane
Thiessen 	 

 

    	 	9	 

     

    

 

Schedule
‘A’

 

Services

 

The
Director is engaged as a director of the Company and shall perform the following services:

 

1.
Normal director responsibilities. Carry out and assume all responsibilities of a director of the Company as required by Nevada
law and other applicable law, the Company’s Articles of Incorporation (as amended), the Company’s Bylaws (as amended),
the Company’s Code of Ethics (as amended), resolutions adopted by the directors or shareholders of the Company, and other
regulations and internal rules relating to the directors of the Company;

 

2.
Attending Meetings. Use best efforts to attend scheduled meetings of Company's board of directors and meetings of the Company’s
shareholders, in telephone or in person;

 

3.
Acting as a Fiduciary. Represent the shareholders and the interests of Company as a fiduciary;

 

4.
Participating. Participate as a full voting member of Company's board of directors in setting overall objectives; reviewing, discussing,
and approving plans and programs of operation; formulating general policies; offering advice and counsel; serving on Board Committees
as required by a majority of the board of directors; reviewing management performance; participating in the appointment and removal
of officers of the Company; participating in disclosure of Company information in accordance with the securities regulations of
the United States and elsewhere as applicable; and reviewing internal and external financial and disclosure controls and procedures;
and

 

5.
Informing. Fully inform the Company’s board of directors, upon request from time to time, of the matters and things done,
and to be done, by the Director in connection with the provision of the Services and, if so requested by the board of directors,
submit such information in writing to the board of directors in a timely manner.

 

Compensation

 

The
Compensation payable to the Director for provision of the Services shall be as follows:

 

a)
Cash

 

●
$1,000.00 in the lawful currency of the United States per month

 

b)
Stock

 

●
The Company hereby grants Thirty million shares of Restricted common shares (30,000,000 Restricted Common shares) issue for restricted
stock required by the United States Securities and Exchange Commission Rule 144 which is an amendment to the Securities Act of
1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).

 

 

10Exhibit 10.2

 

DEBT
CONVERSION AGREEMENT

 

THIS
DEBT CONVERSION AGREEMENT (this “Agreement”) is made and entered into as of August 9, 2016, by and between
Portlogic Systems Inc., a Nevada corporation with an address of 2 Toronto Street, Suite 209, Toronto, Ontario, M5C 2B5, Canada
(the “Company”) and Jueane Thiessen, an individual and a related party (the “Creditor”).

 

RECITALS

 

WHEREAS,
from time to time, the Creditor has unpaid debt owed by the Company in an aggregate amount of $36,072 (the “Accounts
Payable”);

 

WHEREAS,
the Company has an aggregate of $36,072 of indebtedness that it owes to Creditor as a result of such Accounts Payable, and such
amount is currently outstanding on the books and records of the Company;

 

WHEREAS,
the Company desires to satisfy $36,072 of the Company’s debt outstanding under the Accounts Payable by issuing up to an
aggregate of 7,214,400 shares of newly issued restricted common stock of the Company (the “Shares”) to Creditor,
and Creditor desires to receive the Shares in exchange for, and in full satisfaction of, $36,072.00 of the Accounts Payable.

 

NOW,
THEREFORE, for and in consideration of the foregoing premises, the mutual covenants and agreements contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to
be legally bound, hereby agree as follows:

 

		1.	Conversion
                                         of the Accounts Payable; Issuance of the Shares.

 

		a.	At
                                         the Closing (as defined in Section 2 hereof) and subject to the terms and conditions
                                         of this Agreement, Creditor hereby agrees to convert $36,072.00 of the outstanding balance
                                         owed to Creditor pursuant to the Accounts Payable into the Shares at a conversion price
                                         of one-half of a cent ($0.005) per share (the “Conversion Price”),
                                         and the Company hereby agrees to issue an aggregate of 7,214,400 shares of newly issued
                                         restricted common stock to Creditor (the “Shares”).

 

		b.	By
                                         agreeing to convert $36,072.00 of the outstanding balance owed to Creditor pursuant to
                                         the Accounts Payable into the Shares, Creditor acknowledges the Company’s indebtedness
                                         to Creditor under the Accounts Payable will be cancelled and terminated in all respects
                                         and for all purposes, and Creditor will be deemed to have released all claims held by
                                         Creditor with respect to the Accounts Payable.

 

		c.	Full
                                         Satisfaction. Creditor acknowledges that it is accepting the Shares in full satisfaction
                                         of $36,072.00 of the outstanding balance owed to Creditor under the Accounts Payable,
                                         which is being converted into the Shares, and Creditor will no longer have any rights
                                         related to the Accounts Payable at such time as the Shares are issued to Creditor.

 

		2.	Closing;
                                         Delivery of Shares.

 

		a.	Closing.
                                         The closing of the conversion of the Company’s debt outstanding under the Accounts
                                         Payable and the issuance of the Shares shall occur as soon as practicable after the execution
                                         of this Agreement, but in no event no later than ten (10) business days from the execution
                                         of this Agreement, at the offices of Portlogic Systems Inc, 2 Toronto Street, Suite 209,
                                         Toronto, Ontario, M5C 2B5, Canada, or such other place, date and time as set forth in
                                         this Agreement or as the parties hereto may otherwise agree (the “Closing”).

 

    

     

    

 

		b.	Delivery.
                                         At the Closing, the Company shall use its best efforts to cause the transfer agent to
                                         deliver to Creditor, by courier or FedEx, stock certificate, or certificates, registered
                                         in the name of Creditor and representing the outstanding balance of the Accounts Payable
                                         divided by the Conversion Price.

 

		3.	Representations
                                         and Warranties of Creditor. Creditor represents and warrants to the Company that:

 

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

 

		b.	Accredited
                                         Investor.  Creditor is an accredited investor as defined in Rule 501(a) of Regulation
                                         D, as amended, under the Securities Act.

 

		c.	Creditor’s
                                         Qualifications. By reason of such Creditor’s business or financial experience,
                                         Creditor is capable of evaluating the merits and risks of this investment, has the ability
                                         to protect its own interests in this transaction, and is financially capable of bearing
                                         a total loss of the investment.

 

		d.	Understanding
                                         of Risks. Creditor is aware of the highly speculative nature of the investment in
                                         the Shares and the financial hazards involved in such investment.

 

		e.	Disclosure
                                         of Information.  Creditor has had an opportunity to receive all information
                                         related to the Company requested by it and to ask questions of and receive answers from
                                         the Company regarding the Company, its business and the terms and conditions of the conversion
                                         and issuance of the Shares.

 

		f.	Restricted
                                         Securities.  Creditor understands and acknowledges that:

 

		i.	the
                                         Shares are characterized as “restricted securities” under the U.S. federal
                                         securities laws inasmuch as they are being acquired from the Company in a transaction
                                         not involving a public offering and that under such laws and applicable regulations such
                                         securities may be resold without registration under the Securities Act only in certain
                                         limited circumstances;

 

		ii.	the
                                         Shares have not been registered under the Securities Act or any state securities laws
                                         and are being offered and sold in reliance upon specific exemptions from the registration
                                         requirements of the Securities Act and state securities laws, and the Company is relying
                                         upon the truth and accuracy of, and Creditor’s compliance with, the representations,
                                         warranties, covenants, agreements, acknowledgments and understandings of Creditor contained
                                         in this Agreement in order to determine the availability of such exemptions and the eligibility
                                         of Creditor to acquire the Shares;

 

    2

     

    

 

		iii.	the
                                         Shares must be held indefinitely unless a subsequent disposition thereof is registered
                                         under the Securities Act or is exempt from such registration;

 

		iv.	the
                                         Shares will bear a legend substantially in the form set forth in Section 3(g) herein;
                                         and

 

		v.	the
                                         Company will make a notation on its transfer books to such effect.

 

		g.	Legends.
                                          It is understood that certificates evidencing the Shares may bear the following
                                         or any similar legend:

 

		i.	“THE
                                         SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
                                         COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
                                         REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
                                         AND, ACCORDINGLY, MAY NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED
                                         FOR SALE PURSUANT TO THE SECURITIES ACT AND SUCH REGISTRATION STATEMENT REMAINS EFFECTIVE,
                                         (II) SUCH SECURITIES MAY BE SOLD PURSUANT TO RULE 144, OR (III) IF REQUESTED BY THE COMPANY,
                                         THE COMPANY HAS RECEIVED AN OPINION OF COMPANY COUNSEL, STATING THAT SUCH TRANSFER MAY
                                         LAWFULLY BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT.”
		 	 
		ii.	If required by the authorities of any state in connection with the issuance of the Shares, the legend required by such state authority.

 

		h.	Restrictions
                                         on Transfer. Creditor understands that it may not transfer any Shares unless such
                                         Shares are registered under the Securities Act or applicable state securities laws, or
                                         unless exemptions from such registration and qualification requirements are available.

 

		i.	No
                                         Registration Rights. Creditor further understands that there are no registration
                                         rights associated with the Shares being acquired pursuant to this Agreement.

 

		j.	No
                                         General Solicitation.  Creditor did not learn of the investment in the Shares
                                         as a result of any general solicitation or general advertising.

 

		k.	Investment
                                         Decision. Creditor understands that nothing in the Agreement or any other materials
                                         presented to Creditor in connection with the purchase and sale of the Shares constitutes
                                         legal, tax or investment advice. Creditor has consulted such legal, tax and investment
                                         advisors as it, in its sole discretion, has deemed necessary or appropriate in connection
                                         with its purchase of the Shares.

 

    3

     

    

 

		4.	Representations
                                         and Warranties of the Company. The Company hereby makes the following representations
                                         and warranties to Creditor:

 

		a.	Authority.
                                         The Company has the power and authority to enter into and perform its obligations under
                                         this Agreement and to issue the Shares to Creditor. The Company is an entity duly incorporated
                                         or otherwise organized, validly existing and in good standing under the laws of the jurisdiction
                                         of its incorporation or organization, with the requisite power and authority to own and
                                         use its properties and assets and to carry on its business as currently conducted. The
                                         execution and delivery of this Agreement by the Company, and the consummation by the
                                         Company of the transactions contemplated hereby, have been duly authorized by all necessary
                                         action and no other proceeding on the part of the Company is necessary to authorize the
                                         execution, delivery and performance of this Agreement and the transactions contemplated
                                         hereby.

 

		b.	Valid
                                         Issuance of Shares. The Shares are duly authorized and, when issued and paid for
                                         in accordance with the terms and conditions of this Agreement, will be duly and validly
                                         issued, fully paid and nonassessable, free and clear of all liens imposed by the Company.
                                         There are no subscriptions, warrants, rights of first refusal or other restrictions on
                                         transfer relative to, or options exercisable with respect to, the Shares. The Shares
                                         are not the subject of any present or, to the Company’s knowledge, threatened suit,
                                         action, arbitration, administrative or other proceeding, and the Company knows of no
                                         reasonable grounds for the institution of any such proceedings.

 

		c.	Representation
                                         by Counsel. The Company has been represented by its own counsel, accountant and tax
                                         specialist in connection with the issuance of the Shares and entering into this Agreement
                                         and acknowledges that the Company is not relying on any securities, tax, accounting or
                                         other advice from Creditor or its counsel or advisors.

 

		d.	Consent.
                                         No consent, approval, authorization or order of any court or governmental authority or
                                         third-party is required in connection with the execution, delivery or performance of
                                         this Agreement by the parties.

 

		5.	Compliance
                                         with Laws and Regulations. The sale and issuance of the Shares will be subject to
                                         and conditioned upon compliance by the Company and Creditor with all applicable state
                                         and federal laws and regulations and with all applicable requirements of any stock exchange
                                         or automated quotation system on which the Company’s common stock may be listed
                                         or quoted at the time of such issuance or transfer.

 

		6.	Fees,
                                         Expenses.  Each party shall pay the fees and expenses of its advisers, counsel,
                                         accountants and other experts, if any, and all other expenses incurred by such party
                                         incident to the negotiation, preparation, execution, delivery and performance of this
                                         Agreement. The Company shall pay all transfer agent fees (including, without limitation,
                                         any fees required for same-day processing of any instruction letter delivered by the
                                         Company), stamp taxes and other taxes and duties levied in connection with the delivery
                                         of any Shares to Creditor.

 

    4

     

    

 

		7.	General
                                         Provisions.

 

		a.	Governing
                                         Law.  This Agreement shall be governed by and construed in accordance with the
                                         laws of the State of Nevada without giving effect to any other choice or conflict of
                                         law provision that would cause the application of the laws of any other jurisdiction
                                         other than the State of Nevada.

 

		b.	Termination.
                                         The parties may not, except for a material breach or failure of a condition or requirement,
                                         terminate this Agreement.

 

		c.	Successors
                                         and Assigns. The terms and conditions of this Agreement shall inure to the benefit
                                         of and be binding upon the respective successors and assigns of the parties.

 

		d.	Counterparts.
                                          This Agreement may be executed in two or more counterparts, each of which shall
                                         be deemed an original, but all of which together shall constitute one and the same Agreement.
                                         A facsimile or PDF copy of this Agreement shall be deemed an original.

 

		e.	Headings.
                                          The headings used in this Agreement are for convenience of reference only and shall
                                         not be deemed to limit, characterize or in any way affect the interpretation of any provision
                                         of this Agreement.

 

		f.	Modifications
                                         and Waivers. No change, modification or waiver of any provision of this Agreement
                                         shall be valid or binding unless it is in writing, dated subsequent to the execution
                                         date of this Agreement, and signed by all parties. No waiver of any breach, term, condition
                                         or remedy of this Agreement by any party shall constitute a subsequent waiver of any
                                         other breach, term, condition or remedy.  All remedies, either under this Agreement,
                                         by law, or otherwise afforded the parties shall be cumulative and not alternative.

 

		g.	Severability.
                                          If one or more provisions of this Agreement are held to be unenforceable under
                                         applicable law, such provision(s) shall be excluded from this Agreement and the balance
                                         of the Agreement shall be interpreted as if such provision(s) were so excluded and shall
                                         be enforceable in accordance with its terms.

 

		h.	Entire
                                         Agreement.  This Agreement constitutes the entire agreement and understanding
                                         of the parties with respect to the subject matter hereof and supersedes any and all prior
                                         negotiations, correspondence, agreements, understandings duties or obligations between
                                         the parties with respect to the subject matter hereof.

 

		i.	Further
                                         Assurances.  From and after the date of this Agreement, upon the request of
                                         any party, the parties shall execute and deliver such instruments, documents or other
                                         writings as may be reasonably necessary or desirable to confirm and carry out and to
                                         effectuate fully the intent and purposes of this Agreement.

 

		j.	No
                                         Oral Representations.  No oral or written representations have been made other
                                         than or in addition to those stated in this Agreement as of the date of Closing. The
                                         parties are not relying on any oral statements made by any other party, their representatives
                                         or affiliates regarding this Agreement.

 

    5

     

    

 

		k.	Notices.
                                          All notices or other communications required or permitted by this Agreement shall
                                         be in writing and shall be deemed to have been duly received:

 

		i.	if
                                         given by facsimile or electronic version, when transmitted and the appropriate telephonic
                                         or electronic confirmation received if transmitted on a business day and during normal
                                         business hours of the recipient, and otherwise on the next business day following transmission;

 

		ii.	if
                                         given by certified or registered mail, return receipt requested, postage prepaid, three
                                         business days after being deposited in the U.S. mails; and

 

		iii.	if
                                         given by courier or other means, when received or personally delivered, and, in any such
                                         case, addressed as indicated herein, or to such other addresses as may be specified by
                                         any such party to the other party pursuant to notice given by such party in accordance
                                         with the provisions of this Section.

 

		l.	Arbitration.
                                          Any controversy or claim arising out of or relating to this Agreement, or the breach
                                         thereof, shall be settled by arbitration administered by the American Arbitration Association
                                         in accordance with its Commercial or other Arbitration Rules including the Optional Rules
                                         for Emergency Measures of Protection, and judgment on the award rendered by the arbitrator(s)
                                         may be entered in any court having jurisdiction thereof.

 

[Signature
Page to Follow]

 

    6

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement or caused their duly authorized officers to execute this Agreement as
of the date first above written.

 

The
Company:

PORTLOGIC
SYSTEMS INC.

 

	By:	/s/
    Jueane Thiessen	 
	Name:	Jueane
    Thiessen	 
	Title:
    	CEO	 

 

The
Creditor:

Jueane
Thiessen

 

	By:	/s/
    Jueane Thiessen	 
	Name:	Jueane
    Thiessen	 

 

Address
for Delivery of Certificate:

c/o
Portlogic Systems Inc.

2
Toronto Street, Suite 209,

Toronto,
Ontario, M5C 2B5

 

Email:
jueane@portlogicsystems.com

 

Accounts
Payable:

$36,072.00

Conversion
Price:

$0.005

 

Shares:

7,214,400

 

Tax
Identification Number:

N/A

 

 

7

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