Document:

Exhibit
10.125

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY
BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

THE
ISSUE PRICE OF THIS NOTE IS $74,800.00.

THE
ORIGINAL ISSUE DISCOUNT IS $6,800.00.

 

	Principal
                                         Amount: $74,800.00

        Purchase
        Price: $68,000.00
	Issue
    Date: November 27, 2020

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, GLOBAL TECH INDUSTRIES GROUP, INC., a Nevada corporation (hereinafter called the “Borrower”),
hereby promises to pay to the order of GENEVA ROTH REMARK HOLDINGS, INC., a New York corporation, or registered
assigns (the “Holder”) the sum of $74,800.00 together with any interest as set forth herein, on November 27, 2021
(the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of ten percent
(10%) (the “Interest Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes
due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in
whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is
not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the
same is paid (“Default Interest”). Interest shall be computed on the basis of a 365 day year and the actual
number of days elapsed. Interest shall commence accruing on the Issue Date. All payments due hereunder (to the extent not
converted into common stock, $0.001 par value per share (the “Common Stock”) in accordance with the terms hereof)
shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall
hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Each capitalized term
used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement
dated the date hereof, pursuant to which this Note was originally issued (the “Purchase Agreement”).

 

This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

    	 	 	 

     

    

 

The
following terms shall apply to this Note:

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1 Conversion
Right. The Holder shall have the right from time to time, and at any time during the period beginning on the date which
is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii)
the date of payment of the Default Amount (as defined in Article III), each in respect of the remaining outstanding amount of
this Note to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non-assessable
shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of
the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the
“Conversion Price”) determined as provided herein (a “Conversion”); provided, however,
that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon
conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates
(other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of
the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on
conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable
upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would
result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock.
For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G
thereunder, except as otherwise provided in clause (1) of such proviso. The beneficial ownership limitations on conversion
as set forth in the section may NOT be waived by the Holder. The number of shares of Common Stock to be issued upon each
conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion
Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the
“Notice of Conversion”), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided
that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to
result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the “Conversion
Date”); however, if the Notice of Conversion is sent after 6:00 pm, New York, New York time the Conversion Date shall
be the next business day. The term “Conversion Amount” means, with respect to any conversion of this Note, the
sum of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder’s option,
accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion
Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred to in the immediately
preceding clauses (1) and/or (2) plus (4) at the Holder’s option, any amounts owed to the Holder pursuant to
Sections 1.4 hereof.

 

1.2 Conversion
Price. The Conversion Price shall be the Variable Conversion Price (as defined herein) (subject to equitable adjustments
for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the
securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions
and similar events). The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined
herein) (representing a discount rate of 25%). “Market Price” means the average of the lowest three (3) Trading
Prices (as defined below) for the Common Stock during the fifteen (15) Trading Day period ending on the latest complete
Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid
price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the “OTC”) as
reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if
the OTC is not the principal trading market for such security, the closing bid price of such security on the principal
securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is
available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that
are listed in the “pink sheets”. If the Trading Price cannot be calculated for such security on such date in the
manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the
holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in
order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock
is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common
Stock is then being traded.

 

    	 	2	 

     

    

 

1.3
Authorized Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve
from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance
of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all
times to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Note
(based on the Conversion Price of the Note in effect from time to time initially 9,777,777 shares)(the “Reserved Amount”).
The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition,
if the Borrower shall issue any securities or make any change to its capital structure which would change the number of shares
of Common Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same
time make proper provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved,
free from preemptive rights, for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed
its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its
issuance of this Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions
of this Note.

 

If,
at any time during the Reserve Adjustment Period, the Borrower does not maintain the Reserved Amount it will be considered an
Event of Default under Section 3.2 of the Note.

 

1.4
Method of Conversion.

 

(a)
Mechanics of Conversion. As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning
on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity
Date and (ii) the date of payment of the Default Amount, this Note may be converted by the Holder in whole or in part at any time
from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other
reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject
to Section 1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed hereunder).

 

(b)
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note
in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless
the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the
principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion.

 

    	 	3	 

     

    

 

(c)
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail
(or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in
this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder
certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”)
(and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with
the terms hereof and the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed
to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount
of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on
its obligations hereunder, all rights with respect to the portion of this Note being so converted shall forthwith terminate except
the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the
Holder shall have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates
for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same,
any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to
enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or
any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation
to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the
Holder in connection with such conversion.

 

(d)
Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock
issuable upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated
Securities Transfer (“FAST”) program, upon request of the Holder and its compliance with the provisions set forth
herein, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable
upon conversion to the Holder by crediting the account of Holder’s Prime Broker with DTC through its Deposit and Withdrawal
at Custodian (“DWAC”) system.

 

(e) Failure
to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon
conversion of this Note is not delivered by the Deadline due to the willful, purposeful and/or intentional action or inaction
of the Borrower or any Affiliate of the Borrower, the Borrower shall pay to the Holder $1,000 per day in cash, for each day
beyond the Deadline that the Borrower fails to deliver such Common Stock (the “Fail to Deliver Fee”); provided;
however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent; and
not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such
Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has
accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month following the month
in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon
in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock in
accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The
damages resulting from a failure, attempt to frustrate, interference with such conversion right are difficult if not
impossible to qualify. Accordingly, the parties acknowledge that the liquidated damages provision contained in this Section
1.4(e) are justified.

 

    	 	4	 

     

    

 

1.5
Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred
unless: (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer
agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for
opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred
pursuant to an exemption from such registration (such as Rule 144 or a successor rule) (“Rule 144”); or (iii) such
shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise
transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).

 

Any
restrictive legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed
and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer
agent shall have received an opinion of counsel from Holder’s counsel, in form, substance and scope customary for opinions
of counsel in comparable transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without
registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in
the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an
effective registration statement filed under the Act; or otherwise may be sold pursuant to an exemption from registration. In
the event that the Company does not reasonably accept the opinion of counsel provided by the Holder with respect to the transfer
of Securities pursuant to an exemption from registration (such as Rule 144), at the Deadline, it will be considered an Event of
Default pursuant to Section 3.2 of the Note.

 

1.6
Effect of Certain Events.

 

(a)
Effect of Merger. Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially
all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which
more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of
the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed
to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon
the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III).
“Person” shall mean any individual, corporation, limited liability company, partnership, association, trust or other
entity or organization.

 

(b)
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion
of all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares
of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of
all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower,
then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon
the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion,
such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted
in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such
case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that
the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities
or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days prior written notice (but in any event at least five
(5) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record
date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event
or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring
entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above provisions shall similarly
apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

    	 	5	 

     

    

 

(c)
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire
its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any
dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock
of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion
of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such
assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to
such Distribution.

 

1.7 Prepayment.
Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on the table
immediately following this paragraph (the “Prepayment Periods”) or as otherwise agreed to between the Borrower
and the Holder, the Borrower shall have the right, exercisable on not more than three (3) Trading Days prior written notice
to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this
Section 1.7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the
Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the
Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional
Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make
payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by
the Holder in a writing to the Borrower (which shall direction to be sent to Borrower by the Holder at least one (1) business
day prior to the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make
payment to the Holder of an amount in cash equal to the percentage (“Prepayment Percentage”) as set forth in the
table immediately following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then
outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this
Note to the Optional Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and
(x) plus (z) any amounts owed to the Holder pursuant to Section 1.4 hereof (the “Optional Prepayment
Amount”).

 

	Prepayment
    Period	 	Prepayment
    Percentage
	1.
    The period beginning on the Issue Date and ending on the date which is sixty (60) days following the Issue Date.	 	115%
	2.
    The period beginning on the date that is sixty-one (61) days from the Issue Date and ending ninety (90) days following the
    Issue Date.	 	120%
	3.
    The period beginning on the date that is ninety-one (91) days from the Issue Date and ending one hundred twenty (120) days
    following the Issue Date.	 	125%
	4.
    The period beginning on the date that is one hundred twenty-one (121) days from the Issue Date and one hundred eighty (180)
    days following the Issue Date.	 	129%

 

    	 	6	 

     

    

 

After
the expiration of the Prepayment Periods set forth above, the Holder may submit an Optional Prepayment Notice to the Holder. Upon
receipt by the Holder of the Optional Prepayment Notice post Prepayment Periods, the prepayment shall be subject to the Holder’s
and the Borrower’s agreement with respect to the applicable Prepayment Percentage.

 

Notwithstanding
anything contained herein to the contrary, the Holder’s conversion rights herein shall not be affected in any way until
the Note is fully paid (funds received by the Holder) pursuant to an Optional Prepayment Notice.

 

ARTICLE
II. CERTAIN COVENANTS

 

2.1
Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the
Holder’s written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary
course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

ARTICLE
III. EVENTS OF DEFAULT

 

If
any of the following events of default (each, an “Event of Default”) shall occur:

 

3.1
Failure to Pay Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this
Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from
the Holder.

 

3.2 Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing
that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in
accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or
in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise
pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays,
impairs, and/or hinders its transfer agent in transferring (or issuing) (electronically or in certificated form) any
certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as
and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or
hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect
thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to
this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend
to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written
announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days
after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its
obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed,
hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the
Holder advances any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall
be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

    	 	7	 

     

    

 

3.3
Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this
Note and any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of
twenty (20) days after written notice thereof to the Borrower from the Holder.

 

3.4 Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement,
statement or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the
Purchase Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the
passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Purchase
Agreement.

 

3.5 Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or
apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or
business, or such a receiver or trustee shall otherwise be appointed.

 

3.6
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any
subsidiary of the Borrower.

 

3.7 Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which
specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the
Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.8 Failure
to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act;
and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act at any time. The filing of a
Form 15 is an immediate Event of Default.

 

3.9
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.10 Cessation
of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its
debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a
“going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.11
Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any
time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of
such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the
rights of the Holder with respect to this Note or the Purchase Agreement.

 

    	 	8	 

     

    

 

3.12
Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails
to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form
as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares
of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

3.13
Cross-Default. Notwithstanding anything to the contrary contained in this Note or the other related or companion documents,
a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after
the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under
this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights
and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement
or hereunder. “Other Agreements” means, collectively, all agreements and instruments between, among or by: (1) the
Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory
notes; provided, however, the term “Other Agreements” shall not include the related or companion documents to this
Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future
debt of Borrower to the Holder.

 

Upon
the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure
to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and
payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the
Default Amount (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN
SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION
OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT AMOUNT (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon
the occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure
to pay the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to
Section 1.7 or upon acceleration), 3.3,3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of
written notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence of an Event of
Default specified the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon
at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower
shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to 150% times the sum
of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal
amount of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if
any, on the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections
1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment plus the amounts
referred to in clauses (x), (y) and (z) shall collectively be known as the “Default Amount”) and all other
amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which
hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection,
and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

 

If
the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable,
then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that
there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default
Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then
in effect.

 

    	 	9	 

     

    

 

ARTICLE
IV. MISCELLANEOUS

 

4.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder
are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

4.2
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be:

 

If
to the Borrower, to:

 

GLOBAL
TECH INDUSTRIES GROUP, INC.

511
Sixth Avenue, Suite 800

New
York, NY 10011

Attn:
David Reichman, Chief Executive Officer

Fax:

Email:
david@gtii-us.com

 

If
to the Holder:

 

GENEVA
ROTH REMARK HOLDINGS, INC.

Ill
Great Neck Road, Suite 214

Great
Neck, NY 11021

Attn:
Curt Kramer, President

e-mail:
genevarothremark@gmail.com

 

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

 

Naidich
Wurman LLP

111
Great Neck Road, Suite 216

Great
Neck, NY 11021

Attn:
Allison Naidich

facsimile:
516-466-3555

e-mail:
allison@nwlaw.com

 

    	 	10	 

     

    

 

4.3
Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and
the Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
(and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then
as so amended or supplemented.

 

4.4
Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

4.5
Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Note shall be brought only in the state courts of New York or in the federal courts located in the Eastern District of
New York. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder
and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower
and Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s
fees and costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Note, any agreement or any other document delivered in connection with this Note by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for
notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted
by law.

 

4.6
Purchase Agreement. By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase
Agreement.

 

4.7
Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the
Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that
the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened
breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

    	 	11	 

     

    

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on November 27,
2020

 

	GLOBAL
    TECH INDUSTRIES GROUP, INC.	 
	 	 
	By:	 /s/
    David Reichman	 
	 	David
    Reichman	 
	 	Chief
    Executive Officer	 

 

    	 	12	 

     

    

 

EXHIBIT
A - NOTICE OF CONVERSION

 

The
undersigned hereby elects to convert $_____________________ principal amount of the Note (defined below) into that number
of shares of Common Stock to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth
below, of GLOBAL TECH INDUSTRIES GROUP, INC., a Nevada corporation (the “Borrower”) according to the conditions
of the convertible note of the Borrower dated as of November 27, 2020 (the “Note”), as of the date written below.
No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

 

Box
Checked as to applicable instructions:

 

	 	[  ]	The
    Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the
    undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).
	 	 	 
	 	 	Name
    of DTC Prime Broker:
	 	 	Account
    Number:
	 	 	 
	 	[  ]	The
    undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock
    set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately
    below or, if additional space is necessary, on an attachment hereto:

 

GENEVA
ROTH REMARK HOLDINGS, INC.

Ill
Great Neck Road, Suite 214

Great
Neck, NY 11021

Attention:
Certificate Delivery

e-mail:
genevarothremark@gmail.com

 

	Date of conversion:	 	 	 
	Applicable Conversion Price:	 	$		 
	Number of shares of common stock to be issued	 	 	 	 
	pursuant to conversion of the Notes:	 	 	 	 
	Amount of Principal Balance due remaining	 	 	 	 
	under the Note after this conversion:	 	 	 	 

 

	GENEVA
    ROTH REMARK HOLDINGS, INC.	 
	 	 	 
	By:	 /s/
    Curt Kramer	 
	Name:	Curt
    Kramer	 
	Title:	President	 
	Date:	November 27, 2020	 

 

    	 	13Exhibit 10.1

 

EXECUTION COPY

 

ADDENDUM AGREEMENT

 

THIS ADDENDUM AGREEMENT
(this “Agreement”), dated as of November 29, 2020, is made by and between Bonus BioGroup Ltd., a company incorporated
under the laws of the state of Israel (the “Company” or “Bonus”), and Wize Pharma, Inc., a
Delaware corporation (“Wize”).

 

WHEREAS:

 

		A.	On January 9, 2020, (i) the parties hereto entered into the Share Purchase Agreement (the “SPA”)
and the Exchange Agreement (the “Exchange Agreement”), (ii) the parties hereto and the Escrow Agent entered into
the Escrow Agreement, and (iii) Wize and each of Dr. Shai Meretzki (“Shai”) and Yossi Rauch (“Yossi”
and together with Shai, the “Company Shareholders”) entered into the Support Agreements.

 

		B.	At the closing, on February 19, 2020, the parties hereto entered into the Registration Rights Agreement
(the “RRA”).

 

		C.	The parties hereto entered into that letter agreement (SPA), dated June 24, 2020 (as amended by
a letter dated July 24, 2020, the “HCW Letter Agreement”).

 

		D.	The parties hereto and the Company Shareholders entered into that waiver letter, dated June 30,
2020 (the “Waiver Letter” and together with the SPA, the Exchange Agreement, the Support Agreements, the RRA,
the HCW Letter Agreement and the Waiver Letter, the “Transaction Agreements”).

 

		E.	Under the SPA, (i) the obligation of Wize to effect the Milestone Closing is contingent, among
other things, upon obtaining the Nasdaq Approval, which has yet to occur, and (ii) the Company agreed, among other things, to pay
certain liquidated damages if the Nasdaq Listing shall not occur by the Initial Deadline, which damages are equal, as of the date
hereof, to approximately US$120,000, all as more fully set forth in the SPA.

 

		F.	The Company desires to effect the Milestone Closing as soon as practicable and, in consideration
for Wize’s agreement to do so, including waiver of the liquidated damages otherwise payable under the SPA, is willing to
pay US$500,000 (the “Milestone Amount”) by way of issuing the Milestone Settlement Shares, all in accordance
with the terms and conditions of this Agreement.

 

		G.	Under the HCW Letter Agreement, the Company agreed to reimburse US$350,000 (the “HCW Amount”)
to Wize in respect of half of the transaction fees payable by Wize to H.C. Wainwright & Co., LLC (“HCW”)
in connection with the SPA and the Exchange Agreement no later than December 31, 2020, all as more fully set forth in the HCW Letter
Agreement.

 

		H.	The Company desires to terminate the HCW Letter Agreement and, in consideration for Wize’s
agreement to do so, is willing to pay the HCW Amount by way of issuing the HCW Settlement Shares, all in accordance with the terms
and conditions of this Agreement.

 

		I.	The parties wish to amend and modify certain terms in the Transaction Documents, all in accordance
with this Agreement.

 

		J.	In order to induce Wize to enter into this Agreement, Wize and each of the Company Shareholders
are entering into an amendment to the Support Agreements concurrently with the execution of this Agreement.

 

     

     

    

 

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 hereby agree as follows:

 

1. Definitions.
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the SPA. As
used in this Agreement, the following terms shall have the following meanings:

 

“Agreed PPS”
means NIS 0.50 (in words: fifty agorot of NIS).

 

“HCW Settlement Shares”
means a number of Ordinary Shares equal to the quotient obtained by dividing (A) the HCW Amount expressed in NIS (based on the
Exchange Rate as of the Business Day immediately prior to the date hereof) by (B) the Agreed PPS, with fractional shares rounded
up to the nearest whole share; subject to adjustment in the case of split, reclassification, dividends and the like as more fully
detailed herein if occurs following the date hereof.

 

“Milestone Settlement
Shares” means a number of Ordinary Shares equal to the quotient obtained by dividing (A) the Milestone Amount expressed
in NIS (based on the Exchange Rate as of the Business Day immediately prior to the date hereof) by (B) the Agreed PPS, with fractional
shares rounded up to the nearest whole share; subject to adjustment in the case of split, reclassification, dividends and the like
as more fully detailed herein if occurs following the date hereof.

 

“Settlement Shares”
means the HCW Settlement Shares and the Milestone Settlement Shares.

 

“Transaction”
means the transactions contemplated hereunder.

 

“Transaction Documents”
means this Agreement, the Transaction Agreements and all other agreements to be executed and delivered hereunder.

 

“Wize Investors”
means Wize and the other investors identified by Wize with respect to the Milestone Shares, to the Escrow Agent in accordance with
the Escrow Instruction Letter.

 

2. Amendments.
Subject to, and effective as of, the Closing (as defined below), the parties hereto agree as follows:

 

2.1. Milestone
Closing. The parties agree that, notwithstanding anything to the contrary in the SPA, the Milestone Closing shall occur concurrently
with the Closing. Without derogating from the generality of the foregoing, the parties hereby agree as follows:

 

		2.1.1.	Section 12.3.3 of the SPA shall be amended, such that, effective as of the Closing, the term the
"Milestone Investor Closing Conditions” shall mean only clause (i) of Section 12.3.3 of the SPA.

 

		2.1.2.	At the Closing, the Company and Wize shall deliver to the Escrow Agent a letter, substantially
in the form of Schedule A hereto, confirming that the Milestone Closing has occurred and instructing the Escrow Agent to
release from the Escrow Account (i) the Milestone Shares to the Wize Investors as specified therein and (ii) the Milestone Cash
Consideration to the Company (the “Escrow Instruction Letter”).

 

2.2. Nasdaq
Listing and Liquidated Damages. Notwithstanding anything to the contrary in the SPA, (i) the Company shall not be required
to effect the Nasdaq Listing in accordance with Section 9.1 of the SPA, and (ii) the Company shall not be required to pay any liquidated
damages in accordance with Section 9.2 of the SPA.

 

    2

     

    

 

2.3. Potential
Compensation for Dilutive Issuance. Section 8.3 of the SPA and Exhibit E to the SPA shall be terminated.

 

2.4. HCW
Fees. The HCW Letter Agreement shall be terminated and Section 10 of the SPA shall be amended and replaced in its entirety
with the following:

 

“Each party shall bear
its own expenses in connection with the transactions contemplated hereunder.”

 

2.5. Management
Fees. Since the Company will not be required to effect the Nasdaq Listing, Section 11.9 of the SPA shall be amended to remove
clause (ii) thereof.

 

2.6. Registration
Rights Agreement. The Registration Rights Agreement shall continue in full force and effect; it being clarified and agreed
that (i) nothing therein shall be construed as an express or implied obligation of the Company to effect the Nasdaq Listing and
(ii) the Company’s requirement to pay Registration Delay Payments under Section 2(g) of the Registration Rights Agreement
shall not become effective unless and until the Company has effected the Nasdaq Listing. The term “Nasdaq Listing”
for purposes hereof shall mean the third day of trading of the Company’s Ordinary Shares (or any other class of shares) or
any ADRs representing such shares on any tier of Nasdaq, NYSE or any other national securities exchange in the U.S. as well as
the OTC.

 

2.7.
Waiver Letter. The Waiver Letter shall be terminated.

 

2.8. Liens.
Section 5.8.2 of the Exchange Agreement shall be amended and replaced in its entirety with the following:

 

“Not later than December
31, 2020, Wize shall (i) cause Wize IL and OcuWize to register with the Israeli Companies Registrar, a fixed first degree lien,
in each case, over their respective rights in the Agreed Percentage of the LO2A Proceeds, in substantially the form agreed between
the parties (the “Israeli Pledges”) and (ii) file itself a UCC lien to secure the obligation of Wize Inc.’s
of the Right to LO2A Proceeds hereunder. For the sake of clarity, the Israeli Pledges and UCC Lien, shall be terminated upon expiration
or termination of the Right to LO2A Proceeds in accordance with the terms hereof and, if then requested by Wize, Bonus shall execute
and deliver to Wize appropriate removal forms therefor, which will be prepared by Wize and at its expense only.”

 

3. The
Transactions.

 

3.1. Milestone
Settlement Shares. Upon the terms and subject to the conditions set forth herein, at the Closing, the Company shall issue and
sell the Milestone Settlement Shares to Wize for no other consideration than in respect of the other agreements expressly set forth
herein, including Sections 2.1-2.3, 2.5-2.6 above.

 

3.2. HCW
Settlement Shares. Upon the terms and subject to the conditions set forth herein, at the Closing, the Company shall issue and
sell the HCW Settlement Shares to Wize for no other consideration than in respect of the other agreements expressly set forth herein,
including Section 2.4 and 2.8 above.

 

    3

     

    

 

4. Closing
Conditions; Termination Etc. 

 

4.1. Mutual
Closing Conditions. The obligations of each party to consummate the Transaction is subject to the satisfaction of all of the
following conditions precedent (the "Mutual Closing Conditions"):

 

		4.1.1.	The approval of the TASE for the registration of all the Settlement Shares has been duly obtained
(the “TASE Approval”). In this respect, the Company undertakes to take all action to register these securities
for trading on the TASE. All expenses incurred in connection with such registration will be borne by the Company.

 

		4.1.2.	No governmental authority or court of competent jurisdiction shall have enacted, issued, promulgated,
enforced or entered any statute, rule, regulation, executive order, decree, judgement, injunction or other order (whether temporary,
preliminary or permanent) which (i) is in effect and (ii) has the effect of making the consummation of the Transaction
illegal or otherwise prohibiting, restraining, enjoining or preventing consummation thereof.

 

4.2. Company
Closing Conditions. The obligations of the Company to consummate the Transaction is subject to the satisfaction (or waiver
in writing by the Company) of all of the following conditions precedent (the "Company Closing Conditions"):

 

		4.2.1.	The representations and warranties of Wize set forth herein shall be true and correct in all material
respects as of the date hereof and as of the Closing Date, as if made at and as of such time (in each case, except to the extent
expressly made as of an earlier date, in which case as of such date).

 

		4.2.2.	Wize shall have performed or complied in all material respects with all covenants and obligations
required by this Agreement to be performed or complied with by it on or prior to the Closing Date.

 

		4.2.3.	Wize shall have delivered to the Escrow Agent an executed Escrow Instruction Letter.

 

4.3. Wize
Closing Conditions. The obligations of Wize to consummate the Transaction is subject to the satisfaction (or waiver in writing
by Wize) of all of the following conditions precedent (the "Wize Closing Conditions" and together with the Mutual
Closing Conditions and the Company Closing Conditions, the "Closing Conditions"):

 

		4.3.1.	The representations and warranties of the Company set forth herein shall be true and correct in
all material respects as of the date hereof and as of the Closing Date, as if made at and as of such time (in each case, except
to the extent expressly made as of an earlier date, in which case as of such date), except for those representations and warranties
that are qualified by materiality and except for those representations and warranties in Sections 5.1.1, 5.2 and 5.3 of the SPA
(as modified by Section 6.1 hereof), all of which shall be true and correct in all respects.

 

    4

     

    

 

		4.3.2.	The Company shall have performed or complied in all material respects with all covenants and obligations
required by this Agreement to be performed or complied with by it on or prior to the Closing Date.

 

		4.3.3.	All of the documents to be delivered by the Company pursuant to Section 5 below shall be substantially
in the form as attached to this Agreement, or, if not attached, in a form and substance reasonably satisfactory to Wize and shall
be delivered to Wize at or prior to the Closing.

 

		4.3.4.	The Company shall have delivered to the Escrow Agent an executed Escrow Instruction Letter.

 

		4.3.5.	From the date hereof until the Closing there will have been no Material Adverse Effect.

 

4.4. Termination.
This Agreement may be terminated at any time before the Closing as follows:

 

		4.4.1.	By mutual written consent of the parties; or

 

		4.4.2.	In the event that the Closing shall not occur on or before 5:00 p.m. (IL Time) on the 30th
day following the date hereof (as may be extended by mutual written consent, including via email exchange, the “Outside
Time”), either party may terminate this Agreement by written notice to the other party; provided that the party seeking
to terminate this Agreement pursuant to this ‎Section shall not have breached in any material respect its obligations
under this Agreement in any manner that shall have caused the failure to consummate the Closing on or before such date.

 

4.5  Effect
of Termination. Any termination of this Agreement under ‎Section 4.4 above will be effective immediately upon written
notice of the terminating party to the other parties hereto specifying the provision of this Agreement on which such termination
is based. If this Agreement is terminated as provided in ‎Section 4.4 this Agreement shall forthwith become void and shall
have no further effect, without any liability or obligation on the part of either party, except (i) for claims for damages
to the extent that such termination results from a material and willful breach by a party of any of its representations, warranties,
covenants or agreements in this Agreement; and (ii) notwithstanding the foregoing, this Section 4.5 and ‎Section 9 shall
survive any termination of this Agreement in accordance with their respective terms.

 

5.
Closing.

 

5.1. Closing
Date. The closing of the sale and purchase of the Settlement Shares (the "Closing") shall take place at 10:00
a.m., local time (Israel) electronically via the exchange of documents and signatures, within no later than the second (2nd) Business
Day immediately following the satisfaction (or waiver, by the party entitled to provide such waiver) of all the Closing Conditions
(other than those respective conditions that by their nature are to be satisfied only at the Closing), or such other date and time
as the Company and Wize agree in writing (the date on which the Closing actually takes place, the "Closing Date").

 

    5

     

    

 

5.2. Closing
Deliverables. At the Closing, the following actions will take place, all of which shall be deemed to have occurred simultaneously
and no transaction shall be deemed to have been completed or any document delivered until all such transactions have been completed
and all required documents delivered:

 

		5.2.1.	The Company will issue and allocate the Settlement Shares in the name of the Registration Company
of the Tel Aviv Stock Exchange ("TASE") and through it to the relevant TASE Member for the Nominee (for the benefit
of the Wize Investors, to be deposited with the Wize Investors’ securities accounts or as otherwise instructed by Wize).

 

		5.2.2.	The Company shall deliver to Wize a certificate dated as of the Closing Date, duly signed on behalf
of the Company by the Chief Executive Officer of the Company, certifying that (i) the Audit Committee and Board of Directors have
approved the Transaction (and attaching a copy of the resolutions) and (ii) the Wize Closing Conditions (other than those waived
in writing by Wize, if any) and the Mutual Closing Conditions have been satisfied.

 

		5.2.3.	The Company shall deliver to Wize a copy of the TASE Approval.

 

		5.2.4.	The Company shall deliver to Wize a copy of a letter of issuance (the "Letter of Issuance")
to the Registration Company of the TASE and through it to the relevant TASE Member for the Nominee representing the Settlement
Shares together with an instruction letter (the "Instruction Letter") irrevocably instructing it to accredit (x)
the securities account of the TASE member in which the Wize Investors’ securities accounts are managed (the “Investor
TASE Member”), for the benefit of the Wize Investors’ securities accounts therein, by the number of Settlement
Shares (or such other securities account(s) of the TASE member(s) instructed by Wize);

 

		5.2.5.	The Company shall deliver to Wize a copy of the Company’s immediate report to be filed with
respect to the issuance of the Settlement Shares (the “Immediate Report”).

 

		5.2.6.	Within one (1) Business Day after Closing, the Company shall file the Immediate Report with the
Israeli Securities Authority (the “ISA”) and shall provide Wize with evidence of delivery to the Registration
Company of the TASE and through it to the relevant TASE Member for the Nominee of the Letter of Issuance and the Instruction Letter,
and any other documents necessary for listing the Settlement Shares with the TASE.

 

6. Representations
and Warranties of the Company

 

The Company hereby
represents, confirms and warrants to Wize that the following representations are true, correct and complete as of the execution
date of this Agreement and as of the Closing:

 

6.1. General.
Bonus makes the same representations and warranties set forth in Sections 5.1 through 5.8 (inclusive) and 5.11 of the SPA as of
the date hereof and as of the Closing, subject to applicable changes (in particular, representations regarding (i) the Bonus Shares
shall be with respect to the Settlement Shares and (ii) with respect to obtaining all necessary corporate approvals prior to signing
shall be with respect to the transactions contemplated by this Agreement).

 

6.2.  TASE
Listing. The Milestone Shares are listed for trading with the TASE. Upon the TASE Approval, the Settlement Shares shall be
listed for trading on the TASE and be freely tradable, subject to lock-up provisions under the ISL.

 

    6

     

    

 

7. Representations
and Warranties of Wize

 

Wize hereby represents,
confirms and warrants to the Company that the following representations shall be true, correct and complete as of the execution
date of this Agreement and as of the Closing:

 

7.1. General.
Wize makes the same representations and warranties set forth in Sections 6.1, 6.2 and 6.5 of the SPA as of the date hereof and
as of the Closing, subject to applicable changes.

 

8. Other
Agreements.

 

8.1. General.
The parties undertake to perform the covenants imposed thereon (as applicable) in Sections 11.1-11.4, 11.6 and 11.10-11.12 of the
SPA, mutatis mutandis, with respect to the Transaction.

 

8.2. Immediate
Report. The Company shall, as soon as possible following the date hereof, file an immediate report with the ISA disclosing
all material terms of the transaction contemplated hereunder (“ISA Filing”). From and after the issuance of
the ISA Filing, the Company represents to Wize that Wize shall not be in possession of any material, nonpublic information received
from the Company or any of its officers, directors, employees or agents, that is not disclosed in the ISA Filing.

 

8.3. Clarification.
It is hereby agreed that, if for any reason, it is determined that the amendment contemplated by Section 2.5 (Management Fees)
hereof requires the approval of the Company’s shareholders, then such Company shareholders’ approval shall not be a
condition to the Closing, and such amendment shall become effective only if and when such shareholder approval (in the requisite
majority) shall have been obtained.

 

9. Miscellaneous.

 

9.1. The
parties agree that the provisions of Section 13 of the SPA shall apply to this Addendum, mutatis mutandis

 

9.2. Each
party shall bear its own expenses in connection with the transactions contemplated hereunder.

 

9.3. Except
for the amendments and modifications to the Transaction Agreements expressly set forth herein, nothing herein shall be construed
as amending the same in any manner.

 

[Signature Page Follows]

 

    7

     

    

 

IN WITNESS WHEREOF,
each of the parties have caused their respective signature page to this Addendum to be duly executed as of the date first written
above.

  

	BONUS BIOGROUP LTD.	 	 	 
	 	 	 	 	 
	By: 	/s/ Yossi Rauch	 	By: 	/s/ Shai Meretzki
	Name: 	Yossi Rauch	 	Name: 	Shai Meretzki
	Title: 	Executive Chairman	 	Title: 	CEO and Director
	 	 	 	 	 
	WIZE PHARMA, INC.	 	 	 
	 	 	 	 	 
	By: 	/s/ Noam Danenberg	 	BY: 	/s/ Or Eisenberg
	Name: 	Noam Danenberg	 	Name: 	Or Eisenberg
	Title: 	CEO	 	Title: 	CFO & COO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00317-of-00352.parquet"}]]