Document:

Exhibit 10.2

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

(Carnegie
Mellon University)

 

This
Membership Interest Purchase Agreement (this “Agreement”) is made and entered into as of the 19th day of January, 2022,
by and among Classroom Salon Holdings LLC, a Delaware limited liability company (“CSH”), AT Gekko PR LLC, a Puerto Rico
limited liability company (“ATG”), and Carnegie Mellon University (“Seller”).

 

RECITALS:

 

A.
Seller owns 9.55% of the outstanding membership interests in Classroom Salon, LLC, a Pennsylvania limited liability company (the “Company”);

 

B.
ATG sold 100% of the membership interests in CSH to Global Tech Industries Group, Inc., a New York corporation (“GTI”)
on December 18, 2021 in exchange for 10,000,000 shares of GTI common stock (the “GTI Stock”);

 

C.
It is a condition subsequent to the transaction described in recital B. above (the “Company Sale”), that CSH acquire
100% of the outstanding membership interests in the Company within 70 days after December 18, 2021 or the Company Sale may be rescinded;

 

D.
Seller desires to sell to CSH and CSH desires to purchase from Seller, Seller’s entire membership interests in the Company (the “Membership
Interest”);

 

E.
ATG may not sell the GTI Stock unless the volume weighted average price of the GTI stock rises above $3.50 per share;

 

F.
For a period of one year beginning on December 18, 2022 (the “Option Period”), ATG has the option to purchase 90% of the outstanding
membership interests of CSH from GTI for a purchase price of $20,000,000 (the “Buy-Back Option”);

 

G.
If the Buy-Back Option is not exercised before the expiration of the Option Period, GTI has the right, exercisable for a period of 60
days following the expiration of the Option Period (the “Claw-Back Option Period”), to require that ATG transfer to GTI the
GTI Stock in exchange for the transfer to ATG by GTI of 100% of the outstanding membership interests of CSH (the “Claw-Back Option”).

 

Therefore,
the parties agree as follows:

 

1.
Purchase and Sale of the Membership Interest.

 

Subject
to and conditioned upon Seller’s timely receipt of the Base Price (as hereinafter defined) specified below, Seller hereby sells,
transfers and assigns to CSH and CSH hereby purchases and accepts from Seller the Membership Interest upon the terms set forth in this
Agreement. In order to further reflect the sale, assignment and transfer of the Membership Interest, Seller will execute and deliver
to CSH the Membership Interest Assignment in the form attached hereto as Exhibit A.

 

    	 

    	 

    

 

2.
Purchase Consideration.

 

2.1
Base Price.

 

ATG
will pay to Seller $65,740.95 (the “Base Price”) within ten days following the execution of this Agreement by each party
in accordance with Seller’s wire transfer instructions provided by Seller to ATG.

 

2.2
If Buy-Back Option is Exercised.

 

In
the event the Buy-Back Option is exercised within the Option Period, within thirty (30) days of the date of such exercise (i) ATG will
contribute to CSH and cause CSH to contribute $5,000,000 to the capital of the Company; and (ii) subject to Seller’s execution of the
Amended and Restated Limited Liability Company Agreement of CSH, transfer and assign to Seller a 8.595% membership interest in CSH.

 

2.3
If Buy-Back Option is not Exercised and the Claw-Back Option is not Exercised.

 

If
neither the Buy-Back Option nor the Claw-Back Option is exercised on or before the expiration of the Option Period or Claw-Back Option
Period, as applicable, within thirty (30) days following the later of the expiration of the foregoing option periods and the removal
of any applicable transfer restrictions prohibiting or restricting the transfer of the GTI Stock to Seller in the manner contemplated
hereby, ATG will transfer and assign to Seller 95,500 shares of GTI Stock.

 

2.4
If the Claw-Back Option is Exercised.

 

If
the Claw-Back Option is exercised within the Claw-Back Option Period, within thirty days of the date of such exercise, ATG will transfer
and assign to Seller a 9.55% membership interest in CSH.

 

3.
Additional Covenants of Seller.

 

Upon
Seller’s timely receipt of the Base Price as specified in this Agreement, Seller hereby waives (i) any events of default or breaches
under Section 9.2 of the License Agreement by and between Seller and the Company dated as of January 16, 2014 (the “License Agreement”)
through the date of this Agreement, and agrees that no amounts are due from the Company to Seller under Section 9.2 through the date
of this Agreement, and (ii) any events or defaults under Section 5 of the License Agreement through March 31, 2022.

 

    	2

    	 

    

 

4.
Renresentations and Warranties of Seller.

 

In
order to induce CSH to enter into this Agreement, Seller hereby represents and warrants that each of the following statements is true:

 

4.1
Binding Effect.

 

This
Agreement has been duly executed and delivered by Seller, and assuming the due authorization, execution and delivery of this Agreement
by CSH, constitutes a valid and legally binding obligation of Seller, enforceable against it in accordance with its terms (subject to
bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally and to general principles
of equity, regardless of whether enforcement is sought in a proceeding in equity or at law).

 

4.2
No Conflicts.

 

The
execution and delivery by Seller of this Agreement and the performance of the transactions contemplated by this Agreement by Seller do
not and will not (i) conflict with or result in a violation of any provision of the organizational documents of the Seller, (ii) to the
knowledge of Seller, result in a violation or breach of or constitute a default (or an event which, with or without notice or lapse of
time or both, would constitute a default) under, or result in the termination, modification or cancellation of, or the loss of a benefit
under or accelerate the performance required by, or result in a right of termination, modification, cancellation or acceleration under
the terms, conditions or provisions of any contract or other instrument of any kind to which Seller is now a party or by which any of
its assets or properties may be bound or affected, or (iii) to the knowledge of Seller, violate any order, writ, injunction, decree,
statute, treaty, rule or regulation applicable to Seller.

 

4.3
Consents and Approvals.

 

To
the knowledge of Seller, no declaration, filing or registration with, or notice to, or authorization, consent, order or approval of,
any governmental authority is required to be obtained or made in connection with or as a result of the execution and delivery of this
Agreement by Seller, or the performance by Seller of the transactions contemplated by this Agreement.

 

4.4
Ownership of Membership Interest.

 

Seller
is the lawful record and beneficial owner of the Membership Interest (which the Company has advised constitutes 9.55% of all of the outstanding
membership interests of the Company) and owns such Membership Interest free and clear of all liens, claims and encumbrances whatsoever,
except for any encumbrances created by this Agreement and/or existing under any current operating agreement of the Company and restrictions
on transfer under federal and state securities laws. Upon execution of this Agreement, but subject to and conditioned upon Seller’s timely
receipt of the Base Price as specified above, the Membership Interest will be exclusively owned by CSH, free and clear of liens, claims
and encumbrances whatsoever, except for any encumbrances created by this Agreement and/or existing under any current operating agreement
of the Company and restrictions on transfer under federal and state securities laws. The Membership Interest constitutes Seller’s entire
ownership interest in the Company.

 

    	3

    	 

    

 

4.5
No Option, Warrant or Other Right.

 

No
person has any agreement, option, warrant, preemptive right or any other right capable of becoming a direct or indirect right for the
acquisition of any portion of the Membership Interest.

 

4.6
Finder’s Fees.

 

The
Seller is not a party to any agreement which provides for the payment of finder’s fees, brokerage fees, commissions or other fees or
amounts which are or may become payable to any third party in connection with the execution and delivery ofthis Agreement and the transactions
contemplated herein.

 

4.7
No other Representations.

 

No
person has made any representation to Seller as to the value of the Company, its assets or business and Seller is not relying upon any
representations which are not expressly set forth in this Agreement.

 

5.
Representations of CSH and ATG.

 

In
order to induce Seller to enter into this Agreement, each of CSH and ATG hereby represents and warrants that each of the following statements
is true:

 

5.1
Binding Effect.

 

This
Agreement has been duly executed and delivered by CSH and ATG, and assuming the due authorization, execution and delivery of this Agreement
by Seller, constitutes a valid and legally binding obligation of CSH and ATG, enforceable against each ofit and them in accordance with
its terms (subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally
and to general principles of equity, regardless of whether enforcement is sought in a proceeding in equity or at law).

 

5.2
No Conflicts.

 

The
execution and delivery by CSH and ATG of this Agreement and the performance of the transactions contemplated by this Agreement do not
and will not (i) conflict with or result in a violation of any provision of the operating agreement or organizational documents of CSH
and ATG respectively, (ii) to the knowledge of each of CSH and ATG, result in a violation or breach of or constitute a default (or an
event which, with or without notice or lapse of time or both, would constitute a default) under, or result in the termination, modification
or cancellation of, or the loss of a benefit under or accelerate the performance required by, or result in a right of termination, modification,
cancellation or acceleration under the terms, conditions or provisions of any contract or other instrument of any kind to which each
of CSH and/or ATG is now a party or by which any of its or their assets or properties may be bound or affected, or (iii) violate any
order, writ, injunction, decree, statute, treaty, rule or regulation applicable to CSH and/or ATG.

 

    	4

    	 

    

 

5.3
Consents and Arnrovals.

 

No
declaration, filing or registration with, or notice to, or authorization, consent, order or approval of, any governmental authority is
required to be obtained or made in connection with or as a result of the execution and delivery of this Agreement by CSH and ATG, or
the performance by CSH and ATG of the transactions contemplated by this Agreement.

 

5.4
Finder’s Fees.

 

CSH
and ATG is/are not a party to any agreement which provides for the payment of finder’s fees, brokerage fees, commissions or other fees
or amounts which are or may become payable to any third party in connection with the execution and delivery of this Agreement and the
transactions contemplated herein.

 

5.5
No other Representations; Accuracy of Recitals.

 

No
person has made any representation to CSH or ATG as to the value of the Company, its assets or business or the Membership Interest
and CSH and ATG is not relying upon any representations which are not expressly set forth in this Agreement. ATG represents that the
recitals to this Agreement in respect of ATG and the Company Sale are true and correct.

 

6.
Miscellaneous.

 

6.1
Entire Agreement.

 

This
Agreement together with Exhibit A hereto supersede all prior and contemporaneous discussions and agreements, both written and oral, among
the parties with respect to the subject matter of this Agreement and constitute the sole and entire agreement among the parties to this
Agreement with respect to the subject matter of this Agreement.

 

6.2
Expenses.

 

Except
as otherwise expressly provided in this Agreement, whether or not the transactions contemplated by this Agreement are consummated, each
party will pay its own costs and expenses incurred in connection with the negotiation, execution and closing of this Agreement and the
transactions contemplated by this Agreement.

 

6.3
Waiver.

 

Any
term or condition of this Agreement may be waived at any time by the party that is entitled to the benefit thereof, but no such waiver
shall be effective unless set forth in a written instrument duly executed by or on behalf of the party waiving such term or condition.
No waiver by any party of any term or condition of this Agreement, in any one or more instances, shall be deemed to be or construed as
a waiver of the same or any other term or condition of this Agreement on any future occasion. All remedies, either under this Agreement
or by law or otherwise afforded, will be cumulative and not alternative.

 

    	5

    	 

    

 

6.4
Amendment.

 

This
Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each party to this Agreement.

 

6.5
No Third-Party Beneficiaries.

 

The
terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective heirs, personal
representatives, successors and permitted assigns, and it is not the intention of the parties to confer third-party beneficiary rights
upon any other person/entity.

 

6.6
No Assignment.

 

No
party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of
the other parties hereto.

 

6.7
GOVERNING LAW.

 

THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA WITHOUT REGARD TO ITS CONFLICT
OF LAWS PRINCIPLES IN THAT OR ANY OTHER JURISDICTION.

 

6.8
Invalid Provisions.

 

If
any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future law, and if the rights or
obligations of any party hereto under this Agreement will not be materially and adversely affected thereby, (a) such provision will be
fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised
a part hereof, (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal,
invalid or unenforceable provision or by its severance herefrom and (d) in lieu of such illegal, invalid or unenforceable provision,
there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible.

 

6.9
Notices.

 

Any
notice under any of the provisions of this Agreement shall be deemed given when (a) personally delivered, or (b) sent prepaid by nationally
recognized overnight carrier, or (c) sent by email, and in the case of (b) or (c), when addressed to the applicable party at the address
specified below ( or such other address as such party shall specify for itself by like notice to other party):

 

If
to Seller:

 

Carnegie
Mellon University

4615 Forbes Avenue, Suite 302

Pittsburgh,
PA 15213

Attention:
AVP, Center for Technology Transfer and Enterprise Creation

Email:
innovation@cmu.edu

 

    	6

    	 

    

 

If
to CSH:

 

Classroom
Salon Holdings LLC

137 Dorado Beach East

Dorado,
PR 00646

Attention: Tommy Wang

Email:
tommywang3e@gmail.com

 

lf
to ATG:

 

AT
Gekko PR LLC

1107 Washington Blvd.

Pittsburgh,
PA 15206

Attention: Tommy Wang

Email:
tommywang3e@gmail.com

 

6.10
Counterparts. This Agreement and any agreement, document or instrument to be delivered in connection with this Agreement, may
be executed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and
the same instrument. Signatures of the parties transmitted by facsimile or via .pdf format shall be deemed to be their original signatures
for all purposes. The words “execution,” “signed,” “signature,” and words of like import shall be deemed
to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity
or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent
and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the Delaware
Electronic Transactions Act, or any other similar state laws based on the Uniform Electronic Transactions Act. This Agreement and any
agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, to the extent delivered
by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), will be treated in all manner
and respects as an original agreement or instrument and will be considered to have the same binding legal effect as if it were the original
signed version thereof delivered in person. No party to this Agreement or to any agreement or instrument entered into in connection with
this Agreement, will raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party
forever waives any such defense, except to the extent such defense related to lack of authenticity.

 

    	7

    	 

    

 

6.11
TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, THE PARTIES HEREBY WAIVE, AND COVENANT THAT THEY WILL NOT ASSERT
(WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION
WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT,
TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING,
VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER
BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION
BY A JUDGE SITTING WITHOUT A JURY.

 

6.12
Interpretation.

 

The
parties have participated jointly in negotiating and drafting this Agreement. If an ambiguity or a question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring
or disfavoring any party by virtue of the authorship of any provisions of this Agreement.

 

The
parties have executed this Agreement as of the date first written above.

 

	 	Classroom
    Salon Holdings, LLC, a Delaware limited liability company
	 	 	 
	 	By:	/s/ Tommy Wong
	 	 	 
	 	Its:	Manager
	 	 	 
	 	AT
    Gekko PR LLC
	 	 	 
	 	By	/s/ Tommy Wong
	 	 	Tommy
    Wong, Manager
	 	 	 
	 	Carnegie
    Mellon University
	 	 	 
	 	By	/s/ Robert A. Wooldridge
	 	 	Robert A.
                                                                              Wooldridge, Associate Vice President,

                                                                               Technology Transfer and Enterprise Creation

 

    	8

    	 

    

 

Exhibit
A

 

Form
of Membership Interest Assignment

 

See
Attached

 

    	 

    	 

    

 

ASSIGNMENT
OF MEMBERSHIP INTEREST

 

EFFECTIVE
UPON AND SUBJECT TO THE RECEIPT BY CARNEGIE MELLON UNIVERSITY OF THE SUM OF $65,740.95 WITHIN TEN DAYS OF THE EXECUTION OF THIS ASSIGNMENT,
Carnegie Mellon University, hereby sells, assigns, transfers and conveys all of its membership interest in Classroom Salon, LLC,
a Pennsylvania limited liability company (the “Company”), to Classroom Salon Holdings LLC, a Delaware limited liability
company, and hereby appoints any manager of the Company as its true and lawful attorney-in-fact, to transfer said membership interest
on the books of the Company, with full power of substitution in the premises.

 

This
Assignment may be executed and delivered by facsimile or electronic transmission, and a facsimile or electronic version of this Agreement
or of a signature of a party will be effective as an original.

 

	 	Effective
    as of January _____, 2022	 	 
	 	 	 	 
	 	 	Carnegie Mellon University
	 	 	 	 
	 	 	By	           
	 	 	 	 
	 	 	ItsExhibit
10.3

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

(Tommy
Wang)

 

This
Membership Interest Purchase Agreement (this “Agreement”) is made and entered into as of the 18 day of January, 2021,
by and between Classroom Salon Holdings LLC, a Delaware limited liability company (“CSH”), AT Gekko PR LLC, a Puerto
Rico limited liability company (“ATG”) and Tommy Wang (“Seller”).

 

RECITALS:

 

A.
Seller owns 30% of the outstanding membership interests in Classroom Salon, LLC, a Pennsylvania limited liability company (the “Company”);

 

B.
ATG sold 100% of the membership interests CSH to Global Tech Industries Group, Inc., a New York corporation (“GTI”)
on December 18, 2021 in exchange for 10,000,000 shares of GTI common stock (the “GTI Stock”);

 

C.
It is a condition subsequent to the transaction described in recital B. above (the “Company Sale”), that CSH acquire
100% of the outstanding Membership interests in the Company within 70 days after December 18, 2021 or the Company Sale may be rescinded;

 

D.
Seller desires to sell to CSH and CSH desires to purchase from Seller, Seller’s entire membership interest in the Company (the
“Membership Interest”);

 

E.
ATG may not sell the GTI Stock unless the volume weighted average price of the GTI stock rises above $3.50 per share;

 

F.
For a period of one year beginning on December 18, 2022, ATG has the option to purchase 90% of the outstanding membership interests of
CSH from GTI for a purchase price of $20,000,000 (the “Buy-Back Option”);

 

G.
If the Buy-Back Option is not exercised prior to the period described above, GTI has the right for a period of 60 days to require that
ATG transfer to it 10,000,000 common shares of GTI common stock in exchange for 100% of the outstanding membership interests of CSH (the
“Claw-Back Option”).

 

Therefore,
the parties agree as follows:

 

1.
Purchase and Sale of the Membership Interest.

 

Seller
hereby sells, transfers and assigns to CSH and CSH hereby purchases and accepts from Seller the Membership Interest upon the terms set
forth in this Agreement. Following the execution of this Agreement, CSH may terminate or amend in any manner, the operating agreement
of the Company without any further consent or approval of the Seller. In order to further reflect the assignment of the Membership Interest,
Seller will execute and deliver to CSH the Membership Interest Assignment in the form attached hereto as Exhibit A.

 

    	 

    	 

    

 

2.
Purchase Consideration.

 

2.1
If Buy-Back Option is Exercised.

 

In
the event the Buy-Back Option is exercised, (i) ATG will contribute to CSH and cause CSH to contribute $5,000,000 to the capital of the
Company; and (ii) subject to Seller’s execution of the Amended and Restated Limited Liability Company Agreement of CSH, assign
to Seller a 31.5% membership interest in CSH

 

2.2
If Buy-Back Option is not Exercised and the Claw-Back Option is not Exercised.

 

If
neither the Buy-Back Option nor the Claw-Back Option is exercised, subject to removal of any transfer restrictions, ATG will assign to
Seller 1,000,000 shares of GTI Stock.

 

2.3
If the Claw-Back Option is Exercised.

 

If
the Claw-Back Option is exercised, ATG will transfer to Seller 35% of the outstanding Membership Interests in CSH.

 

2.4
If a Condition Subsequent to the Purchase of CSH by GTI does not Occur.

 

If
CSH does not complete the purchase of 100% of the Membership Interests in the Company on or before February 28 or another
condition subsequent to the purchase of CSH by GTI does not occur and such transaction is rescinded, CSH will return to Seller the
entire Membership Interest and all rights and obligations of the parties under this Agreement will be deemed to have been terminated
and no party shall have any further liability or obligation hereunder.

 

3.
Representations and Warranties of Seller.

 

In
order to induce CSH to enter into this Agreement, Seller hereby represents and warrants that each of the following statements is true:

 

3.1
Binding Effect.

 

This
Agreement has been duly executed and delivered by Seller, and assuming the due authorization, execution and delivery of this Agreement
by CSH, constitutes a valid and legally binding obligation of Seller, enforceable against him in accordance with its terms (subject to
bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally and to general
principles of equity, regardless of whether enforcement is sought in a proceeding in equity or at law).

 

3.2
No Conflicts.

 

The
execution and delivery by Seller of this Agreement and the performance of the transactions contemplated by this Agreement do not and
will not (i) conflict with or result in a violation of any provision of the operating agreement or organizational documents of the Company,
(ii) to the knowledge of Seller, result in a violation or breach of or constitute a default (or an event which, with or without notice
or lapse of time or both, would constitute a default) under, or result in the termination, modification or cancellation of, or the loss
of a benefit under or accelerate the performance required by, or result in a right of termination, modification, cancellation or acceleration
under the terms, conditions or provisions of any contract or other instrument of any kind to which Seller or the Company is now a party
or by which any of their respective assets or properties may be bound or affected, or (iii) violate any order, writ, injunction, decree,
statute, treaty, rule or regulation applicable to Seller or the Company.

 

    	2

    	 

    

 

3.3
Consents and Approvals.

 

No
declaration, filing or registration with, or notice to, or authorization, consent, order or approval of, any governmental authority is
required to be obtained or made in connection with or as a result of the execution and delivery of this Agreement by Seller, or the performance
by Seller of the transactions contemplated by this Agreement.

 

3.4
Ownership of Membership Interest.

 

Seller
is the lawful record and beneficial owner of the Membership Interest (which constitute 30% of all of the outstanding membership interests
of the Company) and owns such Membership Interest free and clear of all liens, claims and encumbrances whatsoever, except for any encumbrances
created by this Agreement, the operating agreement of the Company and restrictions on transfer under federal and state securities laws.
Upon execution of this Agreement, the Membership Interest will be exclusively owned by CSH, free and clear of liens, claims and encumbrances
whatsoever, except for any encumbrances created by this Agreement, the operating agreement of the Company and restrictions on transfer
under federal and state securities laws. The Membership Interest constitutes Seller’s entire interest in the Company.

 

3.5
No Option, Warrant or Other Right.

 

No
person has any agreement, option, warrant, preemptive right or any other right capable of becoming a direct or indirect right for the
acquisition of any portion of the Membership Interest.

 

3.6
Litigation.

 

To
the knowledge of the Seller, there is no litigation or other action pending or threatened against the Company or any of its property,
assets, rights or permits.

 

3.7
Finder’s Fees.

 

The
Seller is not a party to any agreement which provides for the payment of finder’s fees, brokerage fees, commissions or other fees
or amounts which are or may become payable to any third party in connection with the execution and delivery of this Agreement and the
transactions contemplated herein.

 

    	3

    	 

    

 

3.8
No Liabilities.

 

To
the knowledge of Seller, the Company does not have any material liabilities, contingent or otherwise.

 

3.9
No other Representations.

 

No
person has made any representation to Seller as to the value of the Company, its assets or business and Seller is not relying upon any
representations which are not expressly set forth in this Agreement.

 

4.
Representations of CSH.

 

In
order to induce Seller to enter into this Agreement, CSH hereby represents and warrants that each of the following statements is true:

 

4.1
Binding Effect.

 

This
Agreement has been duly executed and delivered by CSH, and assuming the due authorization, execution and delivery of this Agreement by
Seller, constitutes a valid and legally binding obligation of CSH, enforceable against it in accordance with its terms (subject to bankruptcy,
insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally and to general principles of
equity, regardless of whether enforcement is sought in a proceeding in equity or at law).

 

4.2
No Conflicts.

 

The
execution and delivery by CSH of this Agreement and the performance of the transactions contemplated by this Agreement do not and will
not (i) conflict with or result in a violation of any provision of the operating agreement or organizational documents of CSH, (ii) to
the knowledge of CSH, result in a violation or breach of or constitute a default (or an event which, with or without notice or lapse
of time or both, would constitute a default) under, or result in the termination, modification or cancellation of, or the loss of a benefit
under or accelerate the performance required by, or result in a right of termination, modification, cancellation or acceleration under
the terms, conditions or provisions of any contract or other instrument of any kind to which CSH is now a party or by which any of its
assets or properties may be bound or affected, or (iii) violate any order, writ, injunction, decree, statute, treaty, rule or regulation
applicable to CSH.

 

4.3
Consents and Approvals.

 

No
declaration, filing or registration with, or notice to, or authorization, consent, order or approval of, any governmental authority is
required to be obtained or made in connection with or as a result of the execution and delivery of this Agreement by CSH, or the performance
by CSH of the transactions contemplated by this Agreement.

 

4.4
Finder’s Fees.

 

CSH
is not a party to any agreement which provides for the payment of finder’s fees, brokerage fees, commissions or other fees or amounts
which are or may become payable to any third party in connection with the execution and delivery of this Agreement and the transactions
contemplated herein.

 

    	4

    	 

    

 

4.5
No other Representations.

 

No
person has made any representation to CSH as to the value of the Company, its assets or business or the Membership Interest and CSH is
not relying upon any representations which are not expressly set forth in this Agreement.

 

5.
Miscellaneous.

 

5.1
Entire Agreement.

 

This
Agreement and the exhibits hereto supersede all prior and contemporaneous discussions and agreements, both written and oral, among the
parties with respect to the subject matter of this Agreement and constitute the sole and entire agreement among the parties to this Agreement
with respect to the subject matter of this Agreement.

 

5.2
Expenses.

 

Except
as otherwise expressly provided in this Agreement, whether or not the transactions contemplated by this Agreement are consummated, each
party will pay its own costs and expenses incurred in connection with the negotiation, execution and closing of this Agreement and the
transactions contemplated by this Agreement.

 

5.3
Waiver.

 

Any
term or condition of this Agreement may be waived at any time by the party that is entitled to the benefit thereof, but no such waiver
shall be effective unless set forth in a written instrument duly executed by or on behalf of the party waiving such term or condition.
No waiver by any party of any term or condition of this Agreement, in any one or more instances, shall be deemed to be or construed as
a waiver of the same or any other term or condition of this Agreement on any future occasion. All remedies, either under this Agreement
or by law or otherwise afforded, will be cumulative and not alternative.

 

5.4
Amendment.

 

This
Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each party to this Agreement.

 

5.5
No Third-Party Beneficiary.

 

The
terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective heirs, personal
representatives, successors or permitted assigns, and it is not the intention of the parties to confer third-party beneficiary rights
upon any other Person.

 

    	5

    	 

    

 

5.6
Assignment; Binding Effect.

 

This
Agreement shall be binding upon and inure to the benefit of the parties named herein and their respective successors and permitted assigns.
No party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval
of the other party hereto.

 

5.7
GOVERNING LAW.

 

THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF PENNSYLVANIA WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES OF SAID STATE.

 

5.8
Invalid Provisions.

 

If
any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future law, and if the rights or
obligations of any party hereto under this Agreement will not be materially and adversely affected thereby, (a) such provision will be
fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised
a part hereof, (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal,
invalid or unenforceable provision or by its severance herefrom and (d) in lieu of such illegal, invalid or unenforceable provision,
there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal,
invalid or unenforceable provision as may be possible.

 

5.9
Counterparts.

 

This
Agreement and any agreement, document or instrument to be delivered in connection with this Agreement, may be executed in one or more
counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument. Signatures
of the parties transmitted by facsimile or via .pdf format shall be deemed to be their original signatures for all purposes. The words
“execution,” “signed,” “signature,” and words of like import shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the Delaware Electronic Transactions
Act, or any other similar state laws based on the Uniform Electronic Transactions Act. This Agreement and any agreement or instrument
entered into in connection with this Agreement, and any amendments hereto or thereto, to the extent delivered by means of a facsimile
machine or electronic mail (any such delivery, an “Electronic Delivery”), will be treated in all manner and respects as an
original agreement or instrument and will be considered to have the same binding legal effect as if it were the original signed version
thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto
will re-execute original forms thereof and deliver them to the other party. No party to this Agreement or to any agreement or instrument
entered into in connection with this Agreement, will raise the use of Electronic Delivery to deliver a signature or the fact that any
signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation
of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

 

    	6

    	 

    

 

5.10
TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, THE PARTIES HEREBY WAIVE, AND COVENANT THAT THEY WILL NOT ASSERT
(WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION
WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT,
TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING,
VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER
BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION
BY A JUDGE SITTING WITHOUT A JURY.

 

5.11
Interpretation.

 

The
parties have participated jointly in negotiating and drafting this Agreement. If an ambiguity or a question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring
or disfavoring any party by virtue of the authorship of any provisions of this Agreement.

 

In
witness whereof, the parties have executed this Agreement as of the date first written above.

 

	 	Classroom
    Salon Holdings, LLC, a Delaware

    limited
    liability company

	 	By:	AT
    Gekko PR LLC, Manager
	 	 	 
	 	By	/s/ Tommy Wang
	 	 	Tommy
    Wang, Managing Director
	 	 	 
	 	 	/s/ Tommy Wang
	 	 	Tommy
    Wang

 

    	7

    	 

    

 

Exhibit
A

 

Form
of Membership Interest Assignment

 

See
Attached

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