Document:

Exhibit
10.1

 

AGREEMENT
AND PLAN OF MERGER AND REORGANIZATION

 

This
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”), is entered into as of February 16, 2021
by and among Axelerex Corp., a Nevada corporation (the “Company”), BST Acquisition Corp., a Nevada corporation
(“Acquisition”) and Biosecurity Technology LLC, a Wyoming limited liability company (“BST”).
The Company, Acquisition, and BST are sometimes hereinafter collectively referred to as the Parties” and individually as a “Party.” 

 

WHEREAS,
the Company is a Nevada corporation with 75,000,000 shares of common stock, par value $0.001, issued and outstanding (the “Common
Stock”) and whose shares are quoted on over-the-counter stock markets under the symbol “AEXL”.

 

WHEREAS,
Acquisition is a Nevada corporation and a wholly-owned subsidiary of the Company.

 

WHEREAS,
BST is a limited liability company formed under the laws of the State of Wyoming;

 

WHEREAS,
the Board of Directors and Managing Members respectively of each of the Company, Acquisition, and BST have determined that it
is fair to, and in the best interests of, their respective companies and equity holders for Acquisition to be merged with and
into BST, with BST as the surviving entity (the “Merger”), upon the terms and subject to the conditions set
forth herein.

 

WHEREAS,
the Board of Directors and Managing Members respectively of each of the Company, Acquisition, and BST shell have approved the
Merger in accordance with the Nevada Revised Statutes (“N.R.S.”) and the Wyoming Limited Liability Company
Act (the “LLC Act”) and upon the terms and subject to the conditions set forth herein, and in the Certificate
and Articles of Merger attached as Exhibit A hereto (the “Certificate of Merger”).

 

WHEREAS,
all of the equity holders of BST (the “BST Holders”) shall have approved this Agreement, the Certificate of
Merger, and the transactions contemplated and described hereby and thereby, including, without limitation, the Merger, and the
Company, as the sole stockholder of Acquisition, shall have approved this Agreement, the Certificate of Merger, and the transactions
contemplated and described hereby and thereby.

 

WHEREAS,
for federal income tax purposes, it is intended that the Merger shall qualify to the extent possible as a tax-free reorganization
within the meaning of Section 368(a)(1)(A) of the Internal Revenue Code of 1986, as amended (the “Code”).

 

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

 

Article
I

Plan
of Merger

 

1.1 The
Merger. Subject to the terms and conditions of this Agreement and the Certificate of Merger, Acquisition shall be merged with
and into BST in accordance with the provisions of the LLC Act and the N.R.S. At the Effective Time (as hereinafter defined), the
separate legal existence of Acquisition shall cease and BST shall be the surviving entity in the Merger (sometimes hereinafter
referred to as the “Surviving Company” and shall continue its existence under the laws of the State of Wyoming.

 

1.2 Effective
Time. The Merger shall become effective upon the filing of the Certificate of Merger with the Secretaries of State of other
States of Nevada and Wyoming. The time at which the Merger shall become effective as aforesaid is referred to hereinafter as the
“Effective Time”.

 

1.3 Closing.
The closing of the Merger (the “Closing”) shall occur upon mutual satisfaction by the Parties of the closing
conditions set forth in Articles V and VII hereof (the “Closing Date”). The Closing Shall occur at the offices
of McCarter and English. At the Closing, all of the documents, certificates, agreements, and instruments referenced in Section
1.10 will be executed and delivered as described therein. At the Effective Time, all actions to be taken at the Closing shall
be deemed to be taken simultaneously.

 

1.4 Articles
of Organization, Operating Agreement and Officers of the Surviving Company.

 

(a) The
Articles of Organization of BST, as in effect immediately prior to the Effective Time, attached as Exhibit B hereto, shall
be the Articles of Organization of the Surviving Company from and after the Effective Time until amended in accordance with applicable
law and such Articles of Organization.

 

(b) The
Operating Agreement of BST, as in effect immediately prior to the Effective Time in the form attached as Exhibit C hereto,
shall be the Operating Agreement of the Surviving Company from and after the Effective Time until amended in accordance with applicable
law, the Articles of Organization of the Surviving Company, and such Operating Agreement.

 

(c) The
officers listed in Exhibit D hereto shall comprise the officers of the Surviving Company and each shall hold their respective
office or offices from and after the Effective Time until a successor shall have been elected and shall have qualified in accordance
with applicable law, or as otherwise provided in the Articles of Organization or Operating Agreement of the Surviving Company.

 

1.5 Assets
and Liabilities. At the Effective Time, the Surviving Company shall possess all the rights, privileges, powers and franchises
of a public as well as a private nature, and be subject to all the restrictions, disabilities and duties of each of the Acquisition
and BST (collectively, the “Constituent Companies”); and all the rights, privileges, powers and franchises
of each of the Constituent Companies, and all property, real, personal, and mixed, and all debts due to any of the Constituent
Companies on whatever account, as well as all other things in action or belonging to each of the Constituent Companies, shall
be vested in the Surviving Company; and all property, rights, privileges, powers and franchises, and all and every other interest
shall be thereafter as effectively the property of the Surviving Company as they were of the several and respective Constituent
Companies, and the title to any real estate vested by deed or otherwise in either of such Constituent Companies shall not revert
or be in any way impaired by the Merger; but all rights of creditors and all liens upon any property of any of the Constituent
Companies shall be preserved unimpaired, and all debts, liabilities and duties of the Constituent Companies shall thenceforth
attach to the Surviving Company, and may be enforced against it to the same extent as if said debts, liabilities and duties had
been incurred or contracted by it.

 

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1.6 Manner
and Basis of Converting Equity. At the Effective Time;

 

(a) By
virtue of the Merger and without any action on the part of the shareholders of the Company all of the shares of Acquisition Stock,
outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder
thereof, be converted into the right to receive such proportionate number of BST Interests, so that at the Effective Time, the
Company shall be the holder of all of the issued and outstanding BST Interests; and

 

(b) All
of the issued and outstanding membership interests of BST (the “BST Interests”) issued and outstanding immediately
prior to the Effective time shall be converted into the right to receive Twenty-Eight Million (28,000,000) newly-issued shares
of Common Stock of the Company (the “Merger Shares”).

 

(c) From
and after the Effective Time, all such BST Interests shall no longer be outstanding and shall automatically be cancelled and shall
cease to exist, and each holder of the BST Interests shall cease to have any rights with respect thereto, except the right to
receive the Merger Shares therefore upon the surrender of such BST Interests in accordance with Section 1.7.

 

(d) Adjustment
to Stock Consideration. The applicable Merger Shares shall be adjusted appropriately to reflect the effect of any stock split,
reverse stock split, stock dividend (including any dividend or distribution of securities convertible into the Merger Shares),
cash dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect
to Company Common Stock occurring on or after the date hereof and prior to the Effective Time.

 

1.7 Surrender
and Exchange of Certificates. Promptly after the Effective Time and upon surrender of a certificate or certificates representing
the BST Interests that were outstanding immediately prior to the Effective Time or an affidavit and indemnification in form reasonably
acceptable to counsel for the Company stating that such BST Holders have lost their certificate or certificates or that such have
been destroyed, the Company shall issue to the BST Holders surrendering such certificate(s) or affidavit, a certificate or certificates
registered in the name of such BST Holders representing the number of shares of the Merger Shares and such proportionate share
of cash consideration that such BST Holders shall be entitled to receive as set forth in Section 1.6(b). Until the certificate(s)
is or are surrendered, each certificate(s) that immediately prior to the Effective Time represented any outstanding shares of
BST Interests shall be deemed at and after the Effective Time to represent only the right to receive upon surrender as aforesaid
the Merger consideration as specified in Section 1.6(b) for the holder thereof or to perfect any rights of appraisal that
such holder may have pursuant to the applicable provisions of the LLC Act.

 

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1.8 Company
Capital Stock. The Company agrees that it will cause the Merger Shares at the Effective Time pursuant to Section 1.6(b)
to be available for such purposes. The Company further covenants that at the Closing, and including the issuance of the Merger
Shares and the retirement and cancellation of 7,108,000 shares of Common Stock by the Company, there will be no more than 40,012,000
shares of the Common Stock, and warrants (the “Warrants”) to purchase an additional Ten Million (10,000,000) Shares
of Common Stock at the exercise price of $0.25 with an expiration date of seven (7) years, issued and outstanding, and that no
other common or preferred stock or equity securities or any options, warrants, rights or other agreements or instruments convertible,
exchangeable or exercisable into common or preferred stock or other equity securities shall be issued or outstanding

 

1.9 Financing.
Simultaneously upon the closing of the Merger, M3 Equity Partners, LLC (the “Investor”) and Dan Lynn shall
execute one or more Subscription Agreements (the “SPA”) whereby the Investor shall agree to purchase up to
Eight Million shares (8,000,000) of Common Stock at the purchase price of $0.25 per share. The form of the SPA is attached hereto
as Exhibit H. An additional Four Million (4,000,000) shares of Common Stock will be placed in escrow for an additional,
future offering until February 28, 2021 at which time if the shares in escrow are not sold, they shall be retired and returned
to treasury.

 

1.10 Operation
of Surviving Company. BST acknowledges that upon the effectiveness of the Merger, and the compliance by the Company and Acquisition
with their respective duties and obligations hereunder, the Company shall have the absolute and unqualified right to deal with
the assets and business of the Surviving Company as its own property subject only to the limitations on the disposition or use
of such assets or the conduct of such business as existed prior to the Merger.

 

1.11 Appointment
of Officers and Directors. Simultaneously upon consummation of the Closing, the person set forth on Exhibit G shall
be appointed to serve as the Company’s officers and directors as set forth opposite each of their names to serve until such
time as provided in the Bylaws of the Company.

 

1.12 Closing
Events. At the Closing, each of the respective parties shall execute, acknowledge, and deliver (or shall cause to be executed,
acknowledged, and delivered) any and all officers’ certificates, opinions, financial statements, agreements, resolutions,
rulings, or other instruments required by this Agreement to be so delivered at or prior to the Closing, and the documents and
certificates provided in Sections 5.2, 5.4, 6.2, 6.4 and 6.5, together with such other items as may be reasonably
requested by the parties and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby.
If agreed to by the parties, the Closing may take place through the exchange of documents (other than the exchange of stock certificates)
by fax, email and/or express courier.

 

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1.13 Exemption
From Registration. The Company and BST intend that the Merger Shares to be issued pursuant to the Merger will be issued in
a transaction exempt from registration under the Securities Act. 

 

Article
II

Representations,
Covenants, and Warranties of BST

 

BST
represents and warrants to the Company, to the knowledge of BST, that the following representations and warranties in this Article
II are true and complete as of the date hereof and as of the Closing Date (or in the case of representations and warranties
that by their terms speak as of a specified date, as of such specified date), subject to the exceptions disclosed in the disclosure
schedules attached hereto (the “Schedules”) (referencing the appropriate section and subsection numbers of
this Agreement; provided, however, that the information set forth in one section or subsection of the Schedules shall be deemed
to apply to each other section or subsection thereof to which its relevance is reasonably material to a Company on the face of
such disclosure), which exceptions shall be deemed to be part of, and qualifications to, the representations and warranties contained
in this Article II. For purposes of this Article II, the phrase “to the knowledge of BST” or any phrase
of similar import shall be deemed to refer to the actual knowledge of the executive officers of BST immediately before the Closing.

 

2.1 Organization.
BST is a limited liability company duly organized, validly existing, and in good standing under the laws of Wyoming. BST has the
power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders
of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now
being conducted, including qualification to do business in jurisdictions in which the character and location of the assets owned
by it or the nature of the business transacted by it requires qualification except where the failure to be so qualified or in
good standing, individually, or in the aggregate, has not had and would not reasonably be expected to have a BST Material Adverse
Effect (as hereinafter defined). The execution and delivery of this Agreement does not, and the consummation of the transactions
contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of BST’s organizational
documents. BST has taken all action required by laws, its organizational documents, certificate of business registration, or otherwise
to authorize the execution and delivery of this Agreement. BST has full power, authority, and legal right and has taken or will
take all action required by law, its organizational, and otherwise to consummate the transactions herein contemplated. For Purposes
of this Agreement, “BST Material Adverse Effect” means a material adverse effect on the assets, business, condition
(financial or otherwise) or results of operations of BST or its subsidiaries taken as a whole.

 

2.2 
Capitalization. As of the date of this Agreement, the membership BST Interests are issued and outstanding to the holds
set forth on Schedule 2.2(b) and, except as set forth on Schedule 2.2(b) hereto, no other class of equity or right
to acquire BST Interests are issued or outstanding. All of the issued and outstanding BST Interests are duly authorized, validly
issued, and fully paid, nonassessable and free of all pre-emptive rights. There are no outstanding or authorized stock appreciation,
phantom stock or similar rights with respect to BST. Except as set forth on Schedule 2.2(b) hereto, there are no agreements
to which the BST is a party or by which it is bound with respect to the voting (including without limitation voting trusts or
proxies), registration under the Securities Act, or sale or transfer (including without limitation agreements relating to pre-emptive
rights, rights of first refusal, co-sale rights or “drag-along” rights) of any securities of BST. To the knowledge
of BST, there are no agreements among other parties to which BST is a party and by which it is bound with respect to the voting
(including without limitation voting trusts or proxies) or sale or transfer (including without limitation agreements relating
to rights of first refusal, co-sale rights or “drag-along” rights) of any securities of BST. All of the issued and
outstanding BST Interests were issued in compliance with applicable federal and state securities laws.

 

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2.3 Financial
Statements.

 

(a) BST
has filed all income tax returns required to be filed by it from its inception to the date hereof. All such returns are complete
and accurate in all material respects.

 

(b) BST
has no liabilities with respect to the payment of federal, county, local, or other taxes (including any deficiencies, interest
or penalties), except for taxes accrued but not yet due and payable, for which BST may be liable in its own right or as a transferee
of the assets of, or as a successor to, any other corporation or entity.

 

(c) No
deficiency for any taxes has been proposed, asserted or assessed against BST. There has been no tax audit, nor has there been
any notice to BST by any taxing authority regarding any such tax audit, or, to the knowledge of BST, is any such tax audit threatened
with regard to any taxes or BST tax returns. BST does not expect the assessment of any additional taxes of BST for any period
prior to the date hereof and has no knowledge of any unresolved questions concerning the liability for the taxes of BST.

 

(d) The
books and records, financial and otherwise, of BST are in all material respects complete and correct and have been maintained
in accordance with good business and accounting practices.

 

2.4 Disclosure.
No representation or warranty by BST contained in this Agreement or in any of the agreements or other documents executed pursuant
to this Agreement, and no statement contained in any document, certificate or other instrument delivered or to be delivered by
or on behalf of BST pursuant to this Agreement or therein, contains or will contain any untrue statement of a material fact or
omits or will omit to state any material fact necessary, in light of the circumstances under which it was or will be made, in
order to make the statements herein or therein not misleading. BST has disclosed to the Company all material information relating
to the business of BST or the transactions contemplated by this Agreement.

 

2.5 Undisclosed
Liabilities. BST has no material liability (whether known or unknown, whether absolute or contingent, whether liquidated or
unliquidated and whether due or to become due), except for (a) liabilities which have arisen in the Ordinary Course of Business
(as hereinafter defined) and (b) contractual and other liabilities incurred in the Ordinary Course of Business. As used in this
Article II, “Ordinary Course of Business” means the ordinary course of BST’s business, consistent with past
custom and practice (including with respect to frequency and amount).

 

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2.6 Absence
of Certain Changes or Events. Except as set forth in this Agreement, Schedule 2.6 hereto, since the date of the latest
balance sheet included in the BST Financial Statements:

 

(a) Except
in the Ordinary Course of Business, there has not been (i) any material adverse change in the business, operations, properties,
assets, or condition of BST; or (ii) any damage, destruction, or loss to BST (whether or not covered by insurance) materially
and adversely affecting the business, operations, properties, assets, or condition of BST; and

 

(b) BST
has not (i) borrowed or agreed to borrow any funds or incurred, or become subject to, any material obligation or liability (absolute
or contingent) not otherwise in the Ordinary Course of Business; (ii) paid any material obligation or liability not otherwise
in the Ordinary Course of Business (absolute or contingent) other than current liabilities reflected in or shown on the most recent
BST balance sheet, and current liabilities incurred since that date in the Ordinary Course of Business; (iii) sold or transferred,
or agreed to sell or transfer, any of its assets, properties, or rights not otherwise in the Ordinary Course of Business; (iv)
made or permitted any amendment or termination of any contract, agreement, or license to which they are a party not otherwise
in the Ordinary Course of Business if such amendment or termination is material, considering the business of BST; or (v) issued,
delivered, or agreed to issue or deliver any stock, bonds or other corporate securities including debentures (whether authorized
and unissued or held as treasury stock).

 

2.7 Litigation
and Proceedings. There are no actions, suits, proceedings, or investigations pending or, to the knowledge of BST, threatened
by or against BST, or affecting BST, or its properties at law or in equity before any court or other governmental agency or instrumentality,
domestic or foreign, or before any arbitrator of any kind.

 

2.8 No
Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated by
this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material
indenture, mortgage, deed of trust, or other material contract, agreement, or instrument to which BST is a party or to which any
of its properties or operations are subject.

 

2.9 Contracts.
BST has provided, or will provide the Company, copies of all material contracts, agreements, franchises, license agreements, or
other commitments to which BST is a party or by which it or any of its assets, products, technology, or properties are bound,
including a copy of the Collaboration Agreement.

 

2.10 Compliance
With Laws and Regulations. BST has complied with all applicable statutes and regulations of any federal, state, county, or
other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect
the business operations, properties, assets, or condition of BST.

 

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2.11 Approval
of Agreement. The managers of BST (the “BST Managers”) and all of the BST Holders will have authorized
the execution and delivery of this Agreement by BST and will have approved the transactions contemplated hereby prior to the Closing.
This Agreement has been duly and validly executed and delivered by BST and constitutes a valid and binding obligation of BST,
enforceable against BST in accordance with its terms.

 

2.12 Title
and Related Matters. BST has good and marketable title to all of its properties, interest in properties, and assets, real
and personal, free and clear of all liens, pledges, charges, or encumbrances except statutory liens or claims not yet delinquent,
those arising in the Ordinary Course of Business, and those disclosed in Schedule 2.12 hereto.

 

2.13 Governmental
Authorizations. BST has all licenses, franchises, permits, and other government authorizations, that are legally required
to enable it to conduct its business operations in all material respects as conducted on the date hereof. Except for compliance
with federal and state securities or corporation laws, as hereinafter provided, no authorization, approval, consent, or order
of, or registration, declaration, or filing with, any court or other governmental body is required in connection with the execution
and delivery by BST of this Agreement and the consummation by BST of the transactions contemplated hereby.

 

2.14 Continuity
of Business Enterprises. BST has no commitment or present intention to liquidate BST or sell or otherwise dispose of a material
portion of its business or assets following the consummation of the transactions contemplated hereby.

 

2.15 BST
Holders. The BST Holders are the legal and beneficial owners of one hundred percent (100%) of the BST Interests and the BST
Holders have full right, power, and authority to transfer, assign, convey, and deliver their respective BST Interests; and delivery
of such BST Interests at the Closing will convey to the Company good and marketable title to such BST Interests free and clear
of any claims, charges, equities, liens, security interests, and encumbrances except for any such claims, charges, equities, liens,
security interests, and encumbrances arising out of such BST Interests being held by the Company.

 

2.16 No
Brokers. Except as set forth on Schedule 2.16, BST has not entered into any contract with any person, firm or other
entity that would obligate BST or the Company to pay any commission, brokerage or finders’ fee in connection with the transactions
contemplated hereby.

 

2.17 Subsidiaries.
BST has no subsidiaries.

 

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2.18 Intellectual
Property. BST owns or has the right to use all Intellectual Property (as hereinafter defined) necessary (a) to use, manufacture,
market and distribute the products manufactured, marketed, sold or licensed, and to provide the services provided, by BST to other
parties (together, the “Customer Deliverables”) and (b) to operate the internal systems of BST that are material to
its business or operations, including, without limitation, computer hardware systems, software applications and embedded systems
(the “Internal Systems”). The Intellectual Property owned by or licensed to BST and incorporated in or underlying
the Customer Deliverables or the Internal Systems is referred to herein as the “BST Intellectual Property”). Each
item of BST Intellectual Property will be owned or available for use by the Company immediately following the Closing on substantially
identical terms and conditions as it was immediately prior to the Closing. BST has taken all reasonable measures to protect the
proprietary nature of each item of BST Intellectual Property. To the knowledge of BST, (i) no other person or entity has any rights
to any of BST Intellectual Property owned by BST except pursuant to agreements or licenses entered into by BST and such person
in the ordinary course, and (ii) no other person or entity is infringing, violating or misappropriating any of BST Intellectual
Property. For purposes of this Agreement, “Intellectual Property” means all patents and patent applications, copyrights
and registrations thereof, computer software, data and documentation, trade secrets and confidential business information, whether
patentable or unpatentable and whether or not reduced to practice, know-how, manufacturing and production processes and techniques,
research and development information, copyrightable works, financial, marketing and business data, pricing and cost information,
business and marketing plans and customer and supplier lists and information, trademarks, service marks, trade names, domain names
and applications and registrations therefor, and other proprietary rights relating to any of the foregoing.

 

2.19 Certain
Business Relationships With Affiliates. Except as set forth in Schedule 2.19 hereto, or as contemplated by employment
agreements, consulting agreements and the agreements contemplated by the transactions contemplated by this Agreement, no affiliate
of BST (a) owns any property or right, tangible or intangible, which is used in the business of BST, (b) has any claim or cause
of action against BST, or (c) owes any money to, or is owed any money by, BST.

 

2.20 Insurance.
BST has delivered to the Company accurate and complete copies of all material insurance policies and all material self-insurance
programs and arrangements relating to the business, assets, liabilities and operations of BST. Each of such insurance policies
is in full force and effect and BST is in compliance in all material respects with the terms thereof. Other than customary end
of policy notifications from insurance carriers, since January 1, 2020, BST has not received any notice or other communication
regarding any actual or possible: (i) cancellation or invalidation of any insurance policy or (ii) refusal or denial of any coverage,
reservation of rights or rejection of any material claim under any insurance policy. BST has provided timely written notice to
the appropriate insurance carrier(s) of any Legal Proceeding pending against BST for which BST has insurance coverage, and no
such carrier has issued a denial of coverage or a reservation of rights with respect to any such Legal Proceeding, or informed
BST of its intent to do so.

 

Article
III

Representations,
Covenants, and Warranties of the Company and Acquisition

 

The
Company and Acquisition represent and warrant to BST that the following representations and warranties in this Article III are
true and complete as of the date hereof and as of the Closing Date (or in the case of representations and warranties that by their
terms speak as of a specified date, as of such specified date), subject to the exceptions disclosed in the disclosure schedules
attached hereto (the “Schedules”) (referencing the appropriate section and subsection numbers of this Agreement;
provided, however, that the information set forth in one section or subsection of the Schedules shall be deemed to apply to each
other section or subsection thereof to which its relevance is reasonably Company on the face of such disclosure), which exceptions
shall be deemed to be part of, and qualifications to, the representations and warranties contained in this Article III. For purposes
of this Article III, the phrase “to the knowledge of the Company,” “to the knowledge of Acquisition,”
or any phrase of similar import shall be deemed to refer to the actual knowledge of the executive officers of the Company or Acquisition,
as applicable, immediately before the Closing.

 

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3.1 Organization.

 

(a) The
Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada, and has
the corporate power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances,
and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects
as it is now being conducted, and there is no jurisdiction in which it is not qualified in which the character and location of
the assets owned by it or the nature of the business transacted by it requires qualification. Included in the Company Reports
(as hereinafter defined) are complete and correct copies of the Articles of Incorporation and Bylaws of the Company, and all amendments
thereto, as in effect on the date hereof. The execution and delivery of this Agreement does not, and the consummation of the transactions
contemplated hereby will not, violate any provision of the Company’s Articles of Incorporation or Bylaws. The Company has
taken all action required by law, its Articles of Incorporation, its Bylaws, or otherwise to authorize the execution and delivery
of this Agreement, and the Company has full power, authority, and legal right and has taken all action required by law, its Articles
of Incorporation, Bylaws, or otherwise to consummate the transactions contemplated hereby.

 

(b) Acquisition
is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada, and has the corporate
power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders
of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now
being conducted, and there is no jurisdiction in which it is not qualified in which the character and location of the assets owned
by it or the nature of the business transacted by it requires qualification. Attached hereto as Exhibits H and I, respectively,
are complete and correct copies of the Articles of Incorporation and Bylaws of Acquisition, and all amendments thereto, as in
effect on the date hereof. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated
hereby will not, violate any provision of Acquisition’s Articles of Incorporation or Bylaws. Acquisition has taken all action
required by law, its Articles of Incorporation, its Bylaws, or otherwise to authorize the execution and delivery of this Agreement,
and Acquisition has full power, authority, and legal right and has taken all action required by law, its Articles of Incorporation,
Bylaws, or otherwise to consummate the transactions contemplated hereby.

 

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3.2 Capitalization.

 

(a) The
Authorized capital stock of the Company consists of 75,000,000 shares of which 75,000,000 are designated Common Stock. Immediately
before the Closing there will be 7,108,000 shares of the Common Stock issued and outstanding. Immediately following the Closing,
and upon issuance of the Merger Shares, there shall be 47,120,000 shares of Common Stock, and 10,000,000 Warrants issued and outstanding.
There are no other outstanding or authorized options, warrants, rights, agreements or commitments to which the Company is a party
or which are binding upon the Company providing for the issuance or redemption of any of its capital stock. There are no outstanding
or authorized stock appreciation, phantom stock or similar rights with respect to the Company. There are no agreements to which
the Company is a party or by which it is bound with respect to the voting (including without limitation voting trusts or proxies),
registration under the Securities Act, or sale or transfer (including without limitation agreements relating to pre-emptive rights,
rights of first refusal, co-sale rights or “drag-along” rights) of any securities of the Company. There are no agreements
among other parties to which the Company is a party and by which it is bound, with respect to the voting (including without limitation
voting trusts or proxies) or sale or transfer (including without limitation agreements relating to rights of first refusal, co-sale
rights or “drag-along” rights) of any securities of the Company. All of the issued and outstanding shares of the Common
Stock were issued in compliance with applicable federal and state securities laws. The Merger Shares to be issued at the Closing
pursuant this Agreement, when issued and delivered in accordance with the terms hereof, shall be duly and validly issued, fully
paid and nonassessable and free of all preemptive rights. 

 

(b) The
authorized capital stock of Acquisition consists of one thousand (1,000) shares of common stock, par value $.00001 per share,
of which one hundred (100) shares will be issued and outstanding. All of the issued and outstanding shares of common stock of
Acquisition are owned by the Company. All the issued and outstanding shares of common stock of Acquisition are duly authorized,
validly issued, fully paid, nonassessable and free of all pre-emptive rights. There are no outstanding or authorized options,
warrants, rights, agreements or commitments to which Acquisition is a party or which are binding upon Acquisition providing for
the issuance or redemption of any of its capital stock. There are no outstanding or authorized stock appreciation, phantom stock
or similar rights with respect to Acquisition. There are no agreements to which Acquisition is a party or by which it is bound
with respect to the voting (including without limitation voting trusts or proxies), registration under the Securities Act, or
sale or transfer (including without limitation agreements relating to pre-emptive rights, rights of first refusal, co-sale rights
or “drag-along” rights) of any securities of Acquisition.

 

(c) Acquisition
is a wholly-owned subsidiary of the Company that was formed specifically for the purposes of the Merger and that has not conducted
any business or acquired property, and will not conduct any business or acquire any property prior to the closing date.

 

3.3 Financial
Statements. The audited financial statements and unaudited interim financial statements of the Company included in the Company
Reports (collectively, the “Company Financial Statements”) (a) complied as to form in all material respects with applicable
accounting requirements and, as appropriate, the published rules and regulations of the SEC with respect thereto when filed, (b)
were prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby (except as may be indicated
therein or in the notes thereto, and in the case of quarterly financial statements, as permitted by Form 10-Q under the Exchange
Act), (c) fairly present the consolidated financial condition, results of operations and cash flows of the Company as of the respective
dates thereof and for the periods referred to therein, and (d) are consistent with the books and records of the Company.

 

    -11-

     

    

 

3.4 Intentionally
Omitted.

 

3.5 Undisclosed
Liabilities. Except as set forth in the Company Financial Statements, neither the Company nor any Subsidiary has any material
liability (whether known or unknown, whether absolute or contingent, whether liquidated or unliquidated and whether due or to
become due), except for (a) liabilities shown on the Company Reports, (d) liabilities which have arisen since the date of the
Company Reports in the Ordinary Course of Business (as hereinafter defined) and (c) contractual and other liabilities incurred
in the Ordinary Course of Business which are not required by GAAP to be reflected on a balance sheet. As used in this Article
III, “Ordinary Course of Business” means the ordinary course of the Company’s business, consistent with past
custom and practice (including with respect to frequency and amount).

 

3.6 Absence
of Certain Changes or Events. Except as set forth in this Agreement, Schedule 3.6, hereto, or in the Company Reports,
since the date of the latest balance sheet included in the Company Reports:

 

(a) there
has not been any material adverse change, financial or otherwise, in the business, operations, properties, assets, or condition
of the Company or Acquisition (whether or not covered by insurance) materially and adversely affecting the business, operations,
properties, assets, or condition of the Company or Acquisition;

 

(b) neither
the Company nor Acquisition has (i) amended its Articles of Incorporation or Bylaws; (ii) declared or made, or agreed to declare
or make any payment of dividends or distributions of any assets of any kind whatsoever to stockholders or purchased or redeemed,
or agreed to purchase or redeem, any of its capital stock; (iii) waived any rights of value which in the aggregate are extraordinary
or material considering the business of the Company or Acquisition; (iv) made any material change in its method of management,
operation, or accounting; (v) entered into any other material transactions; (vi) made any accrual or arrangement for or payment
of bonuses or special compensation of any kind or any severance or termination pay to any present or former officer or employee;
(vii) increased the rate of compensation payable or to become payable by it to any of its officers or directors or any of its
employees; or (viii) made any increase in any profit sharing, bonus, deferred compensation, insurance, pension, retirement, or
other employee benefit plan, payment, or arrangement, made to, for, or with its officers, directors, or employees;

 

(c) neither
the Company nor Acquisition has (i) granted or agreed to grant any options, warrants, or other rights for its stocks, bonds, or
other corporate securities calling for the issuance thereof; (ii) borrowed or agreed to borrow any funds or incurred, or become
subject to, any material obligation or liability (absolute or contingent) except liabilities incurred in the Ordinary Course of
Business; (iii) paid or agreed to pay any material obligation or liability (absolute or contingent) other than current liabilities
reflected in or shown on the most recent the Company Reports and current liabilities incurred since that date in the Ordinary
Course of Business and professional and other fees and expenses incurred in connection with the preparation of this Agreement
and the consummation of the transactions contemplated hereby; (iv) sold or transferred, or agreed to sell or transfer, any of
its assets, property, or rights (except assets, property, or rights not used or useful in its business which, in the aggregate
have a value of less than $25,000), or canceled, or agreed to cancel, any debts or claims (except debts or claims which in the
aggregate are of a value of less than $25,000); (v) made or permitted any amendment or termination of any contract, agreement,
or license to which it is a party if such amendment or termination is material, considering the business of the Company or Acquisition;
or (vi) issued, delivered, or agreed to issue or deliver any stock, bonds, or other corporate securities including debentures
(whether authorized and unissued or held as treasury stock), except in connection with this Agreement;

 

    -12-

     

    

 

(d) to
the knowledge of the Company, it has not become subject to any statute or regulation which materially and adversely affects, or
in the future may adversely affect the business, operations, properties, assets, or condition of the Company; and

 

(e) to
the knowledge of Acquisition, it has not become subject to any statute or regulation which materially and adversely affects, or
in the future may adversely affect the business, operations, properties, assets, or condition of Acquisition.

 

3.7 Title
and Related Matters. The Company has good and marketable title to all of its properties, interest in properties, and assets,
real and personal, which are reflected in the Company Reports or acquired after that date (except properties, interest in properties,
and assets sold or otherwise disposed of since such date in the Ordinary Course of Business), free and clear of all liens, pledges,
charges, or encumbrances except:

 

		(a)	statutory
                                         liens or claims not yet delinquent;

 

(b) such
imperfections of title and easements as do not and will not materially detract from or interfere with the present or proposed
use of the properties subject thereto or affected thereby or otherwise materially impair present business operations on such properties;
and

 

		(c)	as
                                         described in the Company Reports.

 

3.8 Litigation
and Proceedings. There are no actions, suits, or proceedings pending or, to the knowledge of the Company, threatened by or
against or affecting the Company, at law or in equity, before any court or other governmental agency or instrumentality, domestic
or foreign, or before any arbitrator of any kind except as specifically disclosed in the Company Reports.

 

3.9 Contracts.
The Company is not party to any material contract, agreement, or other commitment, except as specifically disclosed in the Company
Reports.

 

3.10 No
Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated by
this Agreement will not result in the breach of any term or provision of, or constitute a default under, any indenture, mortgage,
deed of trust, or other material agreement or instrument to which the Company is a party or to which it or any of its assets or
operations are subject.

 

    -13-

     

    

 

3.11 Governmental
Authorizations. Except as disclosed in the Company Reports, the Company is not required to have any licenses, franchises,
permits, and other government authorizations, that are legally required to enable it to conduct its business operations in all
material respects as conducted on the date hereof. Except for compliance with federal and state securities or corporation laws,
as hereinafter provided, no authorization, approval, consent, or order of, or registration, declaration, or filing with, any court
or other governmental body is required in connection with the execution and delivery by the Company of this Agreement and the
consummation by the Company of the transactions contemplated hereby.

 

3.12 Compliance
With Laws and Regulations. Except as disclosed in the Company Reports, the Company:

 

(a) is
in compliance with each applicable law (including rules and regulations thereunder) of any federal, state, local or foreign government,
or any governmental entity, except for any violations or defaults that, individually or in the aggregate, have not had and would
not reasonably be expected to have a Company Material Adverse Effect (as hereinafter defined);

 

(b) has
complied with all federal and state securities laws and regulations, including being current in all of its reporting obligations
under such federal and state securities laws and regulations;

 

(c) has
not, and the past and present officers, directors and affiliates of the Company have not, been the subject of, nor does any officer
or director of the Company have any reason to believe that the Company or any of its officers, directors or affiliates will be
the subject of, any civil or criminal proceeding or investigation by any federal or state agency alleging a violation of securities
laws;

 

(d) has
not been the subject of any voluntary or involuntary bankruptcy proceeding, nor has it been a party to any material litigation;

 

(e) has
not, and the past and present officers, directors and affiliates have not, been the subject of, nor does any officer or director
of the Company have any reason to believe that the Company or any of its officers, directors or affiliates will be the subject
of, any civil, criminal or administrative investigation or proceeding brought by any federal or state agency having regulatory
authority over such entity or person;

 

(f) does
not and will not immediately prior to the Closing, have any liabilities, contingent or otherwise and is not a party to any executory
agreements;

 

(g) is
not a “blank check company” as such term is defined by Rule 419 adopted under the Securities Act; and

 

(h) is
not a “shell company” as such term is defined by Rule 12b-2 adopted under the Exchange Act.

 

    -14-

     

    

 

For
purposes of this Agreement, a “Company Material Adverse Effect” means a material adverse effect on the assets, business,
condition (financial or otherwise) or results of operations of the Company or its subsidiaries taken as a whole.

 

3.13 Insurance.
the Company owns no insurable properties and carries no casualty or liability insurance.

 

3.14 Approval
of Agreement. The board of directors of the Company (the “Company Board”) and the Shareholders of Acquisition
have authorized the execution and delivery of this Agreement by the Company and Acquisition and have approved this Agreement and
the transactions contemplated hereby.

 

3.15 Material
Transactions With Affiliates. Except as disclosed herein and in the Company Reports, there exists no material contract, agreement,
or arrangement between the Company and any person who was at the time of such contract, agreement, or arrangement an officer,
director, or person owning of record or known by the Company to own beneficially any common stock of the Company and which is
to be performed in whole or in part after the date hereof or was entered into not more than three (3) years prior to the date
hereof.

 

3.16 Employment
Matters. The Company has no employees other than its executive officers.

 

3.17 No
Brokers. The Company has not entered into any contract with any person, firm or other entity that would obligate BST or the
Company to pay any commission, brokerage or finders’ fee in connection with the transactions contemplated herein.

 

3.18 Subsidiaries.
The Company has no subsidiaries other than Acquisition.

 

3.19 Disclosure.
No representation or warranty by the Company contained in this Agreement, and no statement contained in any document, certificate
or other instrument delivered or to be delivered by or on behalf of the Company pursuant to this Agreement or therein, contains
or will contain any untrue statement of a material fact or omits or will omit to state any material fact necessary, in light of
the circumstances under which it was or will be made, in order to make the statements herein or therein not misleading. the Company
has disclosed to BST all material information relating to the business of the Company or the transactions contemplated by this
Agreement.

 

Article
IV

Special
Covenants

 

4.1 Current
Report. In connection with the Closing, the parties shall file a current report on Form 8-K relating to this Agreement and
the transactions contemplated hereby (the “Current Report”). Each of BST and the Company shall cause the Current Report
to be filed with the SEC no later than four (4) business days of the Closing and to otherwise comply with all requirements of
applicable federal and state securities laws.

 

    -15-

     

    

 

4.2 Additional
Representations, Warranties and Covenants of the BST Holders. Promptly after the Effective Time, the Company shall cause to
be mailed to BST Holders of record who have the right to receive the Merger Shares, a letter of transmittal (“Letter
of Transmittal”) that shall contain additional representations, warranties and covenants of such BST Holders (each,
a “BST Holder”), including without limitation, that (a) such BST Holders has full right, power and authority to deliver
such BST Interests and Letter of Transmittal, (b) the delivery of such BST Interests will not violate or be in conflict with,
result in a breach of or constitute a default under, any indenture, loan or credit agreement, deed of trust, mortgage, security
agreement or other agreement or instrument to which such BST Holders are bound or affected, (c) such BST Holders has good, valid
and marketable title to all shares of BST Interests indicated in such Letter of Transmittal and that such BST Holders are not
affected by any voting trust, agreement or arrangement affecting the voting rights of such BST Interests, (d) whether such BST
Holders are an “accredited investor,” as such term is defined in Regulation D under the Securities Act and that such
BST Holders are acquiring the Common Stock for investment purposes and not with a view to selling or otherwise distributing such
the Common Stock in violation of the Securities Act or the securities laws of any state, and (e) such BST Holders have had an
opportunity to ask and receive answers to any questions such BST Holders may have had concerning the terms and conditions of the
Merger and the Common Stock and has obtained any additional information that such BST Holders have requested. Delivery shall be
effected, and risk of loss and title to the BST Interests shall pass, only upon delivery to the Company (or an agent of the Company)
of (x) certificates evidencing ownership thereof as contemplated by Section 1.7 hereof (or an affidavit of lost certificate),
and (y) the Letter of Transmittal containing the representations, warranties and covenants contemplated by this Section 4.2.

 

4.3 Actions
of Acquisition Stockholder. Prior to the Closing, the Company shall cause and demonstrate to BST the following actions have
been taken by the written consent of the Company, the holder of all of the outstanding shares of common stock of Acquisition:

 

		(a)	the
                                         approval of this Agreement and the transactions contemplated hereby; and

 

		(b)	such
                                         other actions as BST may determine are necessary or appropriate.

 

4.4 Actions
of BST. Prior to the Closing, BST shall cause and demonstrate to the Company the following actions have been taken by the
written consent of the holders of all of the outstanding BST Interests.

 

 (a) the approval of this Agreement and the transactions contemplated hereby; and

 

 (b) such other actions as the Company may determine are necessary or appropriate.

 

4.5 Access
to Properties and Records. The Company and BST will each afford to the officers and authorized representatives of the other
reasonable access to the properties, books, and records of the Company or BST in order that each may have full opportunity to
make such reasonable investigation as it shall desire to make of the affairs of the other, and each will furnish the other with
such additional financial and operating data and other information as to the business and properties of the Company or BST as
the other shall from time to time reasonably request.

 

    -16-

     

    

 

4.6 Delivery
of Books and Records. At the closing, BST shall deliver to the Company, BST’s minute books, books of account, contracts,
records, and all other books or documents.

 

4.7 Actions
Prior to Closing by Both Parties.

 

(a) From
and after the date of this Agreement until the Closing Date and except as permitted or contemplated by this Agreement, the Company,
BST and Acquisition will each: (i) carry on its business in substantially the same manner as it has heretofore; (ii) maintain
and keep its properties in states of good repair and condition as at present, except for depreciation due to ordinary wear and
tear and damage due to casualty; (iii) maintain in full force and effect insurance comparable in amount and in scope of coverage
to that now maintained by it; (iv) perform in all material respects all of its obligation under material contracts, leases, and
instruments relating to or affecting its assets, properties, and business; (v) use its best efforts to maintain and preserve its
business organization intact, to retain its key employees, and to maintain its relationship with its material suppliers and customers;
and (vi) fully comply with and perform in all material respects all obligations and duties imposed on it by all federal and state
laws and all rules, regulations, and orders imposed by federal or state governmental authorities.

 

(b) Except
as set forth herein, from and after the date of this Agreement until the Closing Date, none of the Company, BST, or Acquisition
will: (i) make any change in their organizational documents, charter documents or Bylaws; (ii) take any action described in Section
2.6 in the case of BST, or in Section 3.6 in the case of the Company or Acquisition (all except as permitted therein
or as disclosed in the applicable party’s schedules); (iii) enter into or amend any contract, agreement, or other instrument
of any of the types described in such party’s schedules, except that a party may enter into or amend any contract, agreement,
or other instrument in the Ordinary Course of Business involving the sale of goods or services, or (iv) make or change any material
tax election, settle or compromise any material tax liability or file any amended tax return.

 

4.8 Indemnification.

 

(a) Indemnification
by BST. BST hereby agrees to defend and indemnify the Company and Acquisition and each of the officers, agents and directors
of the Company and Acquisition as of the date of this Agreement against any loss, liability, claim, damage, or expense (including,
but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing, or defending against any litigation,
commenced or threatened, or any claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy
appearing in or misrepresentation made in Article II. The indemnification provided for in this Section 4.8(a) shall not
survive the Closing and consummation of the transactions contemplated hereby but shall survive the termination of this Agreement
pursuant to Section 7.1(b).

 

(b) Indemnification
by the Company. The Company hereby agrees to defend and indemnify BST and each of the officers or agents of BST as of the
date of this Agreement against any loss, liability, claim, damage, or expense (including, but not limited to, any and all expense
whatsoever reasonably incurred in investigating, preparing, or defending against any litigation, commenced or threatened, or any
claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy appearing in or misrepresentation
made in Article III. The indemnification provided for in this Section 4.8(b) shall not survive the Closing and consummation
of the transactions contemplated hereby but shall survive the termination of this Agreement pursuant to Section 7.1(c).

 

    -17-

     

    

 

Article
V

Conditions
Precedent to Obligations of the Company and Acquisition

 

The
obligations of the Company and Acquisition under this Agreement are subject to the satisfaction at or before closing of the following
conditions:

 

5.1 Accuracy
of Representations; Performance. The representations and warranties made by BST in this Agreement were true when made and
shall be true at the Closing Date with the same force and effect as if such representations and warranties were made at and as
of the Closing Date (except for changes therein permitted by this Agreement), and BST shall have performed or complied with all
covenants and conditions required by this Agreement to be performed or complied with by BST prior to or at the Closing. The Company
may request to be furnished with a certificate, signed by a duly authorized officer of BST and dated the Closing Date, to the
foregoing effect.

 

5.2 Officers
Certificates. The Company shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized
officer of BST to the effect that no litigation, proceeding, investigation, or inquiry is pending or, to the best knowledge of
BST threatened, which might result in an action to enjoin or prevent the consummation of the transactions contemplated by this
Agreement, or, to the extent not disclosed in a disclosure schedule, by or against BST which might result in any material adverse
change in any of the assets, properties, business, or operations of BST.

 

5.3 No
Material Adverse Change. Prior to the Closing Date, there shall not have occurred any material adverse change in the financial
condition, business, or operations of BST, nor shall any event have occurred which, with the lapse of time or the giving of notice,
may cause or create any material adverse change in the financial condition, business, or operations of BST.

 

5.4 Other
Items.

 

(a) The
Company shall have received such further documents, certificates, or instruments relating to the transactions contemplated hereby
as the Company may reasonably request.

 

(b) The
Company shall have conducted a complete and satisfactory due diligence review of BST.

 

(c) The
transactions contemplated by this Agreement shall have been approved by the BST Managers and the BST Holders.

 

    -18-

     

    

 

(d) Any
necessary third-party consents shall be obtained prior to Closing, including but not limited to consents necessary from BST’s
lenders, creditors, vendors and lessors.

 

5.5 Delivery
of Financial Statements. BST shall deliver the BST Financial Statements required in Section 2.3(d); not more than sixty
(60) days following the Closing.

 

5.6 Good
Standing. The Company shall have received certificates of good standing from the Secretary of State of Wyoming or other appropriate
office, dated as of a date within five (5) days prior to the Closing Date certifying that BST is in good standing in Wyoming filed
all tax returns required to have been filed by it to date and has paid all taxes reported as due thereon.

 

5.7 Consulting
Agreement. The Company shall have entered into a Consulting Agreement with one or more parties to provide consulting services
to the Company in exchange for the issuance of warrants (the “Warrants”) to purchase Ten Million (10,000,000) shares
of the Company’s Common Stock at the exercise price of $0.25 per share with an expiration date of seven (7) years from the
date of the Closing.

  

Article
VI

Conditions
Precedent to Obligations of BST

 

The
obligations of BST under this Agreement are subject to the satisfaction, at or before the Closing, of the following conditions:

 

6.1 Accuracy
of Representations; Performance. The representations and warranties made by the Company and Acquisition in this Agreement
were true when made and shall be true as of the Closing Date (except for changes therein permitted by this Agreement) with the
same force and effect as if such representations and warranties were made at and as of the Closing Date, and the Company and Acquisition
shall have performed and complied with all covenants and conditions required by this Agreement to be performed or complied with
by the Company and Acquisition prior to or at the Closing. BST shall have been furnished with a certificate, signed by a duly
authorized executive officer of the Company and dated the Closing Date, to the foregoing effect.

 

6.2 Officer’s
Certificate. BST shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized executive
officer of the Company to the effect that no litigation, proceeding, investigation, or inquiry is pending or, to the best knowledge
of the Company threatened, which might result in an action to enjoin or prevent the consummation of the transactions contemplated
by this Agreement.

 

6.3 No
Material Adverse Change. Prior to the Closing Date, there shall not have occurred any material adverse change in the financial
condition, business, or operations of the Company nor shall any event have occurred which, with the lapse of time or the giving
of notice, may cause or create any material adverse change in the financial condition, business, or operations of the Company.

 

    -19-

     

    

 

6.4 Good
Standing BST shall have received certificates of good standing from the Secretary of State of Nevada or other appropriate
office, dated as of a date within five (5) days prior to the Closing Date certifying that the Company and Acquisition are in good
standing as corporations in the Delaware and have filed all tax returns required to have been filed by it to date and has paid
all taxes reported as due thereon.

 

6.5 Other
Items.

 

(a) BST
shall have received such further documents, certificates, or instruments relating to the transactions contemplated hereby as BST
may reasonably request.

 

(b) BST
shall have conducted a complete and satisfactory due diligence review of the Company.

 

(c) The
transactions contemplated by this Agreement shall have been approved by the board of directors of the Company and Acquisition.

 

(d) Any
necessary third-party consents shall be obtained prior to Closing, including but not limited to consents necessary from BST’s
lenders, creditors, vendors and lessors.

 

(e) There
shall have been no material adverse changes in the Company or Acquisition, financial or otherwise.

 

(f) There
shall be no Common Stock Equivalents outstanding as of immediately prior to the Closing. For purposes of the foregoing, “Common
Stock Equivalents” means any subscriptions, warrants, options or other rights or commitments of any character to subscribe
for or purchase from the Company, or obligating the Company to issue, any shares of any class of the capital stock of the Company
or any securities convertible into or exchangeable for such shares.

 

(g) Any
necessary third-party consents shall be obtained prior to Closing, including but not limited to consents necessary from the Company’s
lenders, creditors, vendors, and lessors.

 

(h) The
parties shall have prepared and agreed upon the content of the Form 8-K to be filed pursuant to Section 4.1 hereof.

 

(i) The
Articles of Incorporation of the Company shall have been amended (the “Amendment”), in a manner reasonably acceptable
to BST, to: (i) change the name of the Company to “Biosecurity Technology, Inc.”; and (ii) to increase the number
of authorized capital stock of the Company to one hundred and ten million (110,000,000) shares of which one hundred million (100,000,000)
shares shall be Common Stock and ten million (10,000,000) shares shall be blank check preferred stock, par value $0.0001 per share;

 

    -20-

     

    

 

(j) The
7,108,000 shares of Company Capital Stock referred to in Section 1.8 shall have been retired and cancelled by the Company
as soon as practicable following the Closing.

 

(k) The
Company shall have adopted and a majority of the Company’s shareholders shall have approved an early incentive plan (the
“Plan”) for Four million (4,000,000) shares of Common Stock to be allocated to the post-acquisition leadership team
of the Company. The form of the Plan is attached hereto as Exhibit I.

 

    -21-

     

    

 

Article
VII

Termination

 

7.1 Termination

 

(a) This
Agreement may be terminated by either the BST Managers or the Company Board at any time prior to the Closing Date if: (i) there
shall be any actual or threatened action or proceeding before any court or any governmental body which shall seek to restrain,
prohibit, or invalidate the transactions contemplated by this Agreement and which, in the judgment of such board of directors,
made in good faith and based on the advice of its legal counsel, makes it inadvisable to proceed with the Merger contemplated
by this Agreement; (ii) any of the transactions contemplated hereby are disapproved by any regulatory authority whose approval
is required to consummate such transactions or in the judgment of such board of directors, made in good faith and based on the
advice of counsel, there is substantial likelihood that any such approval will not be obtained or will be obtained only on a condition
or conditions which would be unduly burdensome, making it inadvisable to proceed with the Merger; (iii) there shall have been
any change after the date of the latest balance sheets of BST or the Company, respectively, in the assets, properties, business,
or financial condition of BST or the Company, which could have a materially adverse effect on the value of the business of BST
or the Company, respectively, as the case may be, dated as of the date of execution of this Agreement; or (iv) the Closing Date
shall not have occurred by March 1, 2021. In the event of termination pursuant to this Section 7.1(a), no obligation, right,
or liability shall arise hereunder, and each party shall bear all of the expenses incurred by it in connection with the negotiation,
drafting, and execution of this Agreement and the transactions contemplated hereby.

 

(b) This
Agreement may be terminated at any time prior to the Closing by action of the Company or Acquisition if BST fails to comply in
any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties
of BST contained herein shall be inaccurate in any material respect, and, in either case if such failure is reasonably subject
to cure, it remains uncured for three (3) days after notice of such failure is provided to BST. If this Agreement is terminated
pursuant to this Section 7.1(b), this Agreement shall be of no further force or effect, and no obligation, right, or liability
shall arise hereunder.

 

(c) This
Agreement may be terminated at any time prior to the Closing by action of the BST Managers if the Company or Acquisition fails
to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations
or warranties of the Company or Acquisition contained herein shall be inaccurate in any material respect, and, in either case
if such failure is reasonably subject to cure, it remains uncured for three (3) days after notice of such failure is provided
to the Company. If this Agreement is terminated pursuant to this Section 7.1(c), this Agreement shall be of no further
force or effect, and no obligation, right, or liability shall arise hereunder.

 

    -22-

     

    

 

Article
VIII

 Miscellaneous

 

8.1 Governing
Law. This Agreement shall be governed by, enforced, and construed under and in accordance with the laws of the United States
of America and, with respect to matters of state law, with the laws of Nevada. Any dispute arising under or in any way related
to this Agreement will be determined exclusively in the Federal or State Courts, for the County of New York, State of New York.

 

8.2 Notices.
Any notices or other communications required or permitted hereunder shall be sufficiently given if personally delivered to it
or sent by registered mail or certified mail, postage prepaid, or by prepaid telegram and any such notice or communication shall
be deemed to have been given as of the date so delivered, mailed, or telegraphed.

 

8.3 Attorney’s
Fees. In the event that any party institutes any action or suit to enforce this Agreement or to secure relief from any default
hereunder or breach hereof, the breaching party or parties shall reimburse the non-breaching party or parties for all costs, including
reasonable attorneys’ fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

 

8.4 Confidentiality.
The Company, on the one hand, and BST, on the other hand, will keep confidential all information and materials regarding the other
party designated by such party as confidential. The provisions of this Section 8.4 shall not apply to any information which
is or shall become part of the public domain through no fault of the party subject to the obligation from a third party with a
right to disclose such information free of obligation of confidentiality. The Company and BST agree that no public disclosure
will be made by either party of the existence of the transactions contemplated by this Agreement or any of its terms without first
advising the other party and obtaining its prior written consent to the proposed disclosure, unless such disclosure is required
by law, regulation or stock exchange rule.

 

8.5 Expenses.
Except as otherwise set forth herein, each party shall bear its own costs and expenses associated with the transactions contemplated
by this Agreement.

 

8.6 Schedules;
Knowledge. Each party is presumed to have full knowledge of all information set forth in the other party’s schedules
delivered pursuant to this Agreement.

 

8.7 Third
Party Beneficiaries. This contract is solely between the Company, Acquisition and BST and, except as specifically provided,
no director, officer, stockholder, employee, agent, independent contractor, or any other person or entity shall be deemed to be
a third party beneficiary of this Agreement.

 

8.8 Entire
Agreement. This Agreement represents the entire agreement between the parties relating to the transaction. There are no other
courses of dealing, understandings, agreements, representations, or warranties, written or oral, except as set forth herein.

 

    -23-

     

    

 

8.9 Survival.
The representations and warranties of the respective parties shall survive the Closing and the consummation of the transactions
contemplated hereby.

 

8.10 Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together
shall be but a single instrument.

 

8.11 Amendments
or Waiver. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred
herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any
obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring
or existing. At any time prior to the Closing Date, this Agreement may be amended by a writing signed by all parties hereto, with
respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance
hereof may be extended by a writing signed by the party or parties for whose benefit the provision is intended.

 

8.12 Press
Release and Announcements. No party shall issue any press release or public announcement relating to the subject matter of
this Agreement without the prior written approval of the other parties; provided, however, that any party may make any public
disclosure it believes in good faith is required by applicable law, regulation or stock market rule (in which case the disclosing
party shall use reasonable efforts to advise the other parties and provide them with a copy of the proposed disclosure prior to
making the disclosure).

 

 

[SIGNATURE
PAGE IMMEDIATELY FOLLOWS]

 

    -24-

     

    

 

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

 

	 	BIOSECURITY TECHNOLOGY LLC
	 	a Wyoming limited liability company.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title
	 	 	 
	 	AXELEREX
    CORP
	 	a Nevada corporation.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title
	 	 	 
	 	BST
    ACQUISITION CORP
	 	a Nevada Corporation.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title

 

    -25-

     

    

 

SCHEDULE
2.6

 

Material
Adverse Changes

 

    -26-

     

    

 

SCHEDULE
2.12

 

Title
and Related Matters

 

    -27-

     

    

 

SCHEDULE
2.16

 

Brokers

 

    -28-

     

    

 

SCHEDULE
2.19

 

Related
Party Transactions

 

    -29-

     

    

 

SCHEDULE
3.6

 

Material
Adverse Changes

 

    -30-

     

    

 

EXHIBIT
A

 

Certificate
of Merger

 

    -31-

     

    

 

EXHIBIT
B

 

Articles
of Incorporation of Axelerex

 

    -32-

     

    

 

EXHIBIT
C

 

Bylaws
of Axelerex

 

    -33-

     

    

 

EXHIBIT
D

 

Executive
Officers

 

    -34-

     

    

 

EXHIBIT
E

 

Officers
and Directors of the Company Following the Merger

 

    -35-

     

    

 

EXHIBIT
F

 

Articles
of Incorporation of Acquisition

 

    -36-

     

    

 

EXHIBIT
G

 

Bylaws
of Acquisition

 

    -37-

     

    

 

EXHIBIT
H

 

Securities
Purchase Agreement

 

    -38-

     

    

 

EXHIBIT
I

 

The
Plan

 

    -39-Exhibit 10.2

 

SECURITIES
PURCHASE AGREEMENT

 

THIS
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of ______ __, 2021 is entered into by and between Axelerex
Corp., a Nevada corporation, (the “Company”) and the purchaser identified on the signature page of the Agreement (each
a “Purchaser”, and collectively, the “Purchasers”).

 

WITNESSETH:

 

WHEREAS,
the Company and the Purchaser are executing and delivering this Agreement in accordance with and in reliance upon the exemption
from securities registration afforded, inter alia, by Rule 506 under Regulation D (“Regulation D”) as
promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933,
as amended (the “1933 Act”), and/or Section 4(2) of the 1933 Act; and

 

WHEREAS, subject
to the terms and conditions set forth in this Agreement, the Company desires to issue and sell to the Purchaser, and the Purchaser,
severally and not jointly, desires to purchase from the Company, shares (the “Shares”) of the Company’s Common
Stock, par value $0.001 per share (the “Common Stock”) at the Purchase price of $0.25 per share.

 

NOW
THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.
DEFINITIONS; AGREEMENT TO PURCHASE.

 

a.
Certain Definitions. As used herein, each of the following terms has the meaning set forth below, unless the context
otherwise requires:

 

(i)
“Closing Date” means the date on which one the Closing is held.

 

(ii)
“Common Stock” shall have the meaning ascribed to such term in the Recitals.

 

(iii)
“Common Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder
thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant
or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder
thereof to receive, Common Stock.

 

(iv)
“Dollars” or “$” means United States Dollars.

 

(v)
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(vi)
“Exempt Issuance” means (i) the issuance of Common Stock pursuant to the Company’s existing stock option plan,
stock purchase plan or bonus plan; (ii) the issuance of Common Stock pursuant to outstanding warrants and the vesting of restricted
stock awards; and (iii) the issuance of shares of Common Stock or Common Stock Equivalents in connection with any merger or acquisition
of securities, businesses, property or other assets or strategic investment (including any joint venture, strategic alliance,
partnership, equipment leasing arrangement or debt financing).

 

(vii)
“Material Adverse Effect” means a material adverse effect on the business, operations or condition (financial or otherwise),
prospects or results of operation of the Company and its Subsidiaries taken as a whole, in the sole and absolute discretion of
the Purchaser, irrespective of any finding of fault, magnitude of liability (or lack of financial liability) or purported lack
of materiality (it being understood that the mere finding of any such violation is in itself material and adverse). Without limiting
the generality of the foregoing, the occurrence of any of the following, in the sole and absolute discretion of the Purchaser,
shall be considered a Material Adverse Effect: (i) any final money, judgment, writ or warrant of attachment, or similar process
(including an arbitral determination) in excess of Fifty Thousand Dollars ($50,000) shall be entered or filed against the Company
or any of its Subsidiaries (including, in any event, products liability claims against the Company or its Subsidiaries), (ii)
the suspension or withdrawal of any governmental authority or permit pertaining to a material amount of the Company’s or
any Subsidiary’s products or services, or (iii) an action by a regulatory agency or governmental body affecting the Common
Stock (including, without limitation, (1) the commencement of any regulatory investigation of which the Company is aware, the
suspension of trading of the Common Stock by the Financial Industry Regulation Authority (“FINRA”), the SEC, Nasdaq,
the failure of the Common Stock to be DTC eligible or the placing of the Common Stock on the DTC “chill list” or (2)
the engaging in any market manipulation or other unlawful or improper trading or other activity by any Affiliate).

 

    1

     

    

 

(viii)
“Person” means any living person or any entity, such as, but not necessarily limited to, a corporation, partnership
or trust.

 

(ix)
“Purchase Price” means the price that the Purchaser pays for the Securities at the Closing.

 

(x)
“Shares” means the shares of Common Stock issuable upon conversion of the Series F Shares and the shares of Common
Stock issuable upon exercise of the Warrants.

 

(xi)
“Closing Date” shall have the meaning ascribed to such term in Section 5(a).

 

(xii)
“Subsidiary” shall have the meaning ascribed to such term in Section 3(b).

 

(xiii)
“Transaction Documents” means, collectively, this Agreement, the Series F Shares, the Warrants, and the other agreements,
documents and instruments contemplated hereby or thereby.

 

(xiv)
“Transfer Agent” shall have the meaning ascribed to such term in Section 4(a).

 

b.
Purchase and Sale of Securities.

 

(i)
Subject to the terms and conditions of this Agreement, and as set forth in Section 5 hereof, the Purchasers, severally and not
jointly, agree to purchase at the Closing and the Company agrees to issue and sell to the Purchasers the number of Shares set
forth opposite the Purchaser’s name on the signature page hereto in exchange for the Purchase Price set forth thereon.

 

2.
PURCHASER’S REPRESENTATIONS, WARRANTIES, ETC.

 

The
Purchaser represents and warrants to, and covenants and agrees with, the Company as follows:

 

a.
Investment Purpose. Without limiting the Purchaser’s right to sell the Securities, the Purchaser is purchasing
the Securities, and will be acquiring the Securities, for its own account for investment only and not with a view towards the
public sale or distribution thereof and not with a view to or for sale in connection with any distribution thereof.

 

b.
Accredited Investor Status. Purchaser is (i) an “accredited investor” as that term is defined in Rule
501 of the General Rules and Regulations under the 1933 Act by reason of Rule 501(a)(3), (ii) experienced in making investments
of the kind described in this Agreement and the related documents, (iii) able, by reason of the business and financial experience
of its officers (if an entity) and professional advisors (who are not affiliated with or compensated in any way by the Company
or any of its affiliates or selling agents), to protect its own interests in connection with the transactions described in this
Agreement, and the related documents, and (iv) able to afford the entire loss of its investment in the Securities.

 

c.
Subsequent Offers and Sales. All subsequent offers and sales of the Securities or Shares by the Purchaser shall be
made pursuant to registration of the Securities or Shares under the 1933 Act or pursuant to an exemption from registration and
compliance with applicable states’ securities laws.

 

    2

     

    

 

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

 

e.
Information. Purchaser and its advisors have been furnished with all materials relating to the business, finances
and operations of the Company and materials relating to the offer and sale of the Securities that have been requested by the Purchaser.
Purchaser and its advisors have been afforded the opportunity to ask questions of the Company and have received complete and satisfactory
answers to any such inquiries..

 

f.
Investment Risk. Purchaser understands that its investment in the Securities involves a high degree of risk, including
the risk of loss of the Purchaser’s entire investment, and including, but not limited to the following: (a) the Company
remains an early stage business with limited operating history and requires substantial funds in addition to the proceeds of the
Offering; (b) an investment in the Company is highly speculative, and only investors who can afford the loss of their entire investment
should consider investing in the Company and the Units; (c) the Purchaser may not be able to liquidate its investment; (d) transferability
of the Securities is extremely limited; (e) in the event of a disposition, the Purchaser could sustain the loss of its entire
investment; (f) the Company has not paid any dividends on its Common Stock since its inception and does not anticipate paying
any dividends in the foreseeable future; and (g) the Company may issue additional securities in the future which have rights and
preferences that are senior to those of the Securities.

 

g.
Governmental Review. Purchaser understands that no United States federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement of the Securities.

 

h.
Organization; Authorization. If an entity, Purchaser is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its organization. This Agreement and the other Transaction Documents have been duly and validly
authorized, executed and delivered on behalf of the Purchaser and create a valid and binding agreement of the Purchaser enforceable
in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium
and other similar laws affecting the enforcement of creditors’ rights generally.

 

i.
Residency. The state in which any offer to purchase shares hereunder was made to or accepted by Purchaser is the state
shown as the Purchaser’s address contained herein.

 

j.
Risk Factors. The Company is in the early stage of its development and is therefore subject to risks and uncertainties.
The occurrence of any one or more of these risks and uncertainties could have a material adverse effect on the value of any investment
in the Company and the business, prospects, financial position, financial condition or operating results of the Company. Investors
should carefully consider these risk factors, together with all the other information about the Company available in its filings
with the securities and Exchange Commission, which are hereby incorporated by reference.

 

3.
COMPANY REPRESENTATIONS AND WARRANTIES, ETC.

 

The
Company represents and warrants to the Purchaser that:

 

a.
Concerning the Securities. There are no preemptive rights of any stockholder of the Company to acquire the Securities
which have not been waived. 

 

b.
Organization; Subsidiaries; Reporting Company Status. The Company is a corporation duly organized, validly existing
and in good standing under the laws of the state of Delaware, and has the requisite corporate or other power to own its properties
and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation or other entity to
do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes
such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a Material Adverse
Effect. The Company has received no notice, either oral or written, from Nasdaq, the SEC, or any other organization, with respect
to the continued eligibility of the Common Stock for such listing, and the Company has maintained all requirements for the continuation
of such listing.

 

    3

     

    

 

c.
Authorized Shares. The Company has sufficient authorized and unissued shares of Common Stock as may be necessary to
effect the issuance of the Securities, assuming the prior issuance and exercise, exchange or conversion, as the case may be, of
all derivative securities authorized. The Securities have been duly authorized and, when issued upon conversion or redemption
of the Series F Shares or upon exercise of the Warrants, the Shares will be duly and validly issued, fully paid and non-assessable
and will not subject the holder thereof to personal liability by reason of being such holder. At all times, the Company shall
keep available and reserved for issuance to the holders of the Securities, shares of Common Stock duly authorized for issuance
against the Securities.

 

d.
Authorization. This Agreement, the issuance of the Securities (including without limitation the incurrence of only
indebtedness thereunder), the issuance of the Shares, and the other transactions contemplated by the Transaction Documents, have
been duly and validly authorized by the Company, and this Agreement has been duly executed and delivered by the Company. Each
of the Transaction Documents, when executed and delivered by the Company, are and will be, valid, legal and binding agreements
of the Company, enforceable in accordance with their respective terms, subject as to enforceability to general principles of equity
and to bankruptcy, insolvency, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally.

 

e.
Non-contravention. The execution and delivery of the Transaction Documents, the issuance of the Securities and the
consummation by the Company of the other transactions contemplated by this Agreement and the issuance of Securities (including
without limitation the incurrence of indebtedness thereunder) do not and will not conflict with or result in a breach by the Company
of any of the terms or provisions of, or constitute a default under (i) the articles of incorporation or by-laws of the Company,
each as currently in effect, (ii) 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 properties or assets are bound, including any listing agreement for the Common
Stock, except as herein set forth or an event which results in the creation of any lien, charge or encumbrance upon any assets
of the Company or the triggering of any preemptive or anti-dilution rights or rights of first refusal or first offer on the part
of holders of the Company’s securities, (iii) to its knowledge, any existing applicable law, rule, or regulation or any
applicable decree, judgment, or order of any court, United States federal or state regulatory body, administrative agency, or
other governmental body having jurisdiction over the Company or any of its properties or assets, or (iv) the Company’s listing
agreement for its Common Stock (if applicable), except such conflict, breach or default which would not have a Material Adverse
Effect.

 

f.
Approvals. No authorization, approval or consent of any court, governmental body, regulatory agency, self-regulatory
organization, or stock exchange or market or the stockholders of the Company is required to be obtained by the Company for the
entering into and performing this Agreement and the other Transaction Documents (including without limitation the issuance and
sale of the Securities to the Purchaser as contemplated by this Agreement) except such authorizations, approvals and consents
that have been obtained, or such authorizations, approvals and consents, the failure of which to obtain would not have a Material
Adverse Effect.

 

    4

     

    

 

4.
CERTAIN COVENANTS AND ACKNOWLEDGMENTS.

 

a.
Transfer Restrictions. The parties acknowledge and agree that (1) the Securities have not been registered under the
provisions of the 1933 Act and the Shares have not been registered under the 1933 Act, and may not be transferred unless (A) subsequently
registered thereunder or (B) sold or transferred pursuant to an exemption from such registration; (2) any sale of the Securities
made in reliance on Rule 144 promulgated under the 1933 Act (“Rule 144”) may be made only in accordance with the terms
of Rule 144 and further, if Rule 144 is not applicable, any resale of such Securities or Shares under circumstances in which the
seller, or the Person through whom the sale is made, may be deemed to be an underwriter, as that term is used in the 1933 Act,
may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder, (3) at
the request of the Purchaser, the Company shall, from time to time, either (i) deliver to its transfer agent and registrar for
the Common Stock (the “Transfer Agent”) a written letter instructing and authorizing the Transfer Agent to process
transfers of the Shares at such time as the Purchaser has held the Securities for the minimum holding period permitted under Rule
144, subject to the Purchaser’s providing to the Transfer Agent certain customary representations contemporaneously with
any requested transfer, or (ii) at the Purchaser’s option or if the Transfer Agent requires further confirmation of the
availability of an exemption from registration, furnish to the Purchaser an opinion of the Company’s counsel in favor of
the Purchaser (and, at the request of the Purchaser, any agent of the Purchaser, including but not limited to the Purchaser’s
broker or clearing firm) and the Transfer Agent, reasonably satisfactory in form, scope and substance to the Purchaser and the
Transfer Agent, to the effect that a contemporaneously requested transfer of shares does not require registration under the 1933
Act, pursuant to the 1933 Act, Rule 144 or other regulations promulgated under the 1933 Act and (4) neither the Company nor any
other Person is under any obligation to register the Securities (other than pursuant to this Agreement) under the 1933 Act or
to comply with the terms and conditions of any exemption thereunder.

 

b.
Restrictive Legend. The Purchaser acknowledges and agrees that the Series F Shares, Warrants, and, until such time
as the Shares have been registered under the 1933 Act as contemplated hereby and sold in accordance with an effective Registration
Statement, certificates and other instruments representing any of the Securities or Shares shall bear a restrictive legend in
substantially the following form (and a stop-transfer order may be placed against transfer of any such Securities or Shares):

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE [NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
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 OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF
WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

5.
CLOSING.

 

a.
Closing. Promptly upon the execution and delivery of this Agreement, and all conditions in Sections 6 and 7 herein are
met (the “Initial Closing”), (A) the Company shall deliver to the Purchaser the following: (i) the Shares; and (ii)
duly executed counterparts of this Agreement; and (B) the Purchaser shall deliver to the Company the following: (i) the purchase
price set forth on the signature page hereof (the “Purchase Price”) and (ii) duly executed counterparts of this Agreement.

 

b.
Additional Closings. The Company may issue additional Shares pursuant to this Agreement to such purchasers as it shall
select (each such issuance, a “Subsequent Closing” and together with the Initial Closing, the “Closing”
and the date of such Subsequent Closing, the “Subsequent Closing Date” and together with the Initial Closing Date,
the “Closing Date”).

 

6.
CONDITIONS TO THE COMPANY’S OBLIGATION TO SELL.

 

The
Company’s obligation to sell the Shares to the Purchaser pursuant to this Agreement on each Closing Date is conditioned
upon:

 

a.
Purchase Price. Delivery to the Company of good funds as payment in full of the Purchase Price for the Shares at the
Closing in accordance with this Agreement;

 

    5

     

    

 

b.
Representations and Warranties; Covenants. The accuracy on the Closing Date of the representations and warranties
of the Purchaser contained in this Agreement, each as if made on such date, and the performance by the Purchaser on or before
such date of all covenants and agreements of the Purchaser required to be performed on or before such date; and

 

c.
Laws and Regulations; Consents and Approvals. There shall not be in effect any law, rule or regulation prohibiting
or restricting the transactions contemplated hereby, or requiring any consent or approval which shall not have been obtained.

 

7.
CONDITIONS TO THE PURCHASER’S OBLIGATION TO PURCHASE.

 

The
Purchaser’s obligation to purchase the Shares at each Closing is conditioned upon: 

 

a.
Transaction Documents. The execution and delivery of this Agreement by the Company;

 

b.
Securities. Delivery by the Company to the Purchaser of the Shares to be purchased in accordance with this Agreement;

 

c.
Section 4(2) Exemption. The Shares sold pursuant to this Agreement shall be exempt from registration under the Securities
Act of 1933 (as amended), pursuant to Section 4(2) thereof;

 

d.
Representations and Warranties; Covenants. The accuracy in all material respects on the Closing Date of the representations
and warranties of the Company contained in this Agreement, each as if made on such date, and the performance by the Company on
or before such date of all covenants and agreements of the Company required to be performed on or before such date;

 

8.
GOVERNING LAW; MISCELLANEOUS.

 

a.
Governing Law. This Agreement shall be delivered and accepted in and shall be deemed to be contracts made under and
governed by the internal laws of the State of Nevada, and for all purposes shall be construed in accordance with the laws of the
State of Nevada, without giving effect to the choice of law provisions.

 

b.
Waivers. Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party
in exercising such right or remedy, shall not operate as a waiver thereof.

 

c.
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns
of each of the parties hereto.

 

d.
Construction. All pronouns and any variations thereof refer to the masculine, feminine or neuter, singular or plural,
as the context may require.

 

e.
Facsimiles; E-mails. A facsimile or email transmission of this signed Agreement or a Notice of Conversion under the
Series F Shares or Notice of Exercise under the Warrants shall be legal and binding on all parties hereto. Such electronic signatures
shall be the equivalent of original signatures.

 

f.
Counterparts. This Agreement may be signed in one or more counterparts, each of which shall be deemed an original.

 

g.
Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the
interpretation of, this Agreement.

 

    6

     

    

 

h.
Enforceability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement or the validity or enforceability
of this Agreement in any other jurisdiction. 

 

i.
Amendment. This Agreement may be amended only by the written consent of a majority in interest of the holders of the
Debentures and an instrument in writing signed by the Company.

 

j.
Entire Agreement. This Agreement, together with the other Transaction Documents, supersedes all prior agreements and
understandings among the parties hereto with respect to the subject matter hereof.

 

k.
No Strict Construction. This Agreement shall be construed as if both Parties had equal say in its drafting, and thus
shall not be construed against the drafter.

 

l.
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and
things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby.

  

[Signature
Page Follows]

 

    7

     

    

 

IN
WITNESS WHEREOF, THE UNDERSIGNED HAS EXECUTED THIS SECURITIES PURCHASE AGREEMENT ON THE DATE SET FORTH BELOW.

 

The
undersigned is subscribing for ___________ Shares at the purchase price of $0.25 per Share for an aggregate investment of ______.

 

	 

         

        Date:
	 	 	 
	 	 	 	 
	Print
    Name of Investor:	 	 	 
	

         

        Signature
        of Investor:
	 	 	 
	 	(and
    title if signing on behalf of an entity)

 

	Print
    Name of Joint Investor:	 
	 	 
	Signature
    of Joint Investor:	 
	 	 
	Address
    of Investor:	 
	 	 
	 	 
	 	 	 	 	 

	Social
    Security Number (if individual):	 	 	 
	 	 	 	 
	Tax
    Identification Number (if entity):	 	 	 
	 	 	 	 
	State
    of Organization (if entity):	 	 	 
	 	 	 	 	 

 

	AGREED
    TO AND ACCEPTED:	 
	 	 
	As
    of ________ __, 2021	 
	 	 
	AXELEREX
                                         CORP.

         
	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    8

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