Document:

Exhibit
10.01

 

Share
Exchange Agreement

 

This
Share Exchange Agreement, dated as of September 30, 2020, is made by and among FORCE PROTECTION VIDEO EQUIPMENT CORP, a Florida
corporation (the “Acquiror Company”), SRAX, INC., a Delaware company (the “Company”), and Paul Feldman,
the owner of all of the Acquiror’s outstanding preferred stock, accounting for a majority of the voting power of the Acquiror
Company (the “Principal”).

 

BACKGROUND

 

WHEREAS,
the Company has agreed to transfer to the Acquiror Company, and the Acquiror Company has agreed to acquire from the Company, all
of the shares of Common Stock, which Common Stock constitutes 100% of the issued and outstanding shares of Big Token, Inc., the
Company’s wholly owned subsidiary (“Big Token”), in exchange for shares of the Acquiror Company’s Common
Stock and 100% of the shares of Acquiror Company’s Preferred Stock, all of which are owned by Principal as set forth herein;
and

 

WHEREAS,
after giving effect to the transactions contemplated by this Agreement, the Acquiror Company Common Stock to be issued to the
Company the shall constitute 88.9% of the issued and outstanding shares of the Acquiror Company’s Common Stock at the Closing
and all of the Acquiror Company Preferred Stock exchanged by Principal, which will constitute 100% of the outstanding preferred
stock of the Acquiror Company at Closing.

 

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

 

SECTION
I

DEFINITIONS

 

Unless
the context otherwise requires, the terms defined in this Section 1 will have the meanings herein specified for all purposes of
this Agreement, applicable to both the singular and plural forms of any of the terms herein defined.

 

1.1
“Acquiror Company Board” means the Board of Directors of the Acquiror Company.

 

1.2
“Acquiror Company Common Stock” means the Acquiror Company’s common stock, par value US $0.0001 per share.

 

1.3
“Acquiror Company Shares” means the Acquiror Company Common Stock issued to the Company pursuant hereto and the Acquiror
Company Preferred Stock exchanged by the Principal pursuant hereto.

 

    	 

     

    

 

1.4
“Acquiror Company Preferred Stock” means the Acquiror Company’s Series A Preferred Stock, par value $0.0001
per share, of which 5,000,000 shares are issued and outstanding and all of which are owned by Principal.

 

1.5
“Action” has the meaning set forth in Section 5.17.

 

1.6
“Affiliate” means any Person that directly or indirectly controls, is controlled by or is under common control with
the indicated Person.

 

1.7
“Agreement” means this Share Exchange Agreement, including all Schedules and Exhibits hereto, as this Share Exchange
Agreement may be from time to time amended, modified or supplemented.

 

1.8
“Big Token” shall have the meaning set forth in the preamble.

 

1.9
“Closing Acquiror Company Shares” means the aggregate number of Acquiror Shares issuable to the Company.

 

1.10
“Closing Date” has the meaning set forth in Section 3.1.

 

1.11
“Code” means the Internal Revenue Code of 1986, as amended.

 

1.12
“Common Stock” means Big Token’s Class B common shares, $0.001 par value per share, all of which such shares
are owned by the Company.

 

1.13
“Common Stock Equivalents” means any securities of the Acquiror Company or its subsidiaries, which would entitle the
holder thereof to acquire at any time Acquiror Company Common Stock, including, without limitation, any debt, preferred stock,
right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise
entitles the holder thereof to receive, Acquiror Company Common Stock.

 

1.14
“Commission” means the Securities and Exchange Commission or any other federal agency then administering the Securities
Act.

 

1.15
“Company” has the meaning set forth in the preamble.

 

1.16
“Company Board” means the Board of Directors of the Company.

 

1.17
“Company Indemnified Party” has the meaning set forth in Section 10.2.

 

1.18
“Convertible Notes” shall mean the $826,644.98 in principal and interest of outstanding convertible notes of the Acquiror
Company issued between October 11, 2019 and September 29, 2020.

 

1.19
“Employment Agreement” has the meaning set forth in Section 9.9.

 

1.20
“Equity Security” means any stock or similar security, including, without limitation, securities containing equity
features and securities containing profit participation features, or any security convertible into or exchangeable for, with or
without consideration, any stock or similar security, or any security carrying any warrant, right or option to subscribe to or
purchase any shares of capital stock, or any such warrant or right.

 

    	 

     

    

 

1.21
“Exchange Act” means the Securities Exchange Act of 1934 or any similar federal statute, and the rules and regulations
of the Commission thereunder, all as the same will then be in effect.

 

1.22
“Exhibits” means the several exhibits referred to and identified in this Agreement.

 

1.23
“Form 8-K” means a current report on Form 8-K under the Exchange Act.

 

1.24
“GAAP” means, with respect to any Person, United States generally accepted accounting principles applied on a consistent
basis with such Person’s past practices.

 

1.25
“Governmental Authority” means any federal or national, state or provincial, municipal or local government, governmental
authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality,
political subdivision, commission, court, tribunal, official, arbitrator or arbitral body, in each case whether U.S. or non-U.S.

 

1.26
“Indebtedness” means any obligation, contingent or otherwise. Any obligation secured by a Lien on, or payable out
of the proceeds of, or production from, property of the relevant party will be deemed to be Indebtedness.

 

1.27
“Intellectual Property” means all industrial and intellectual property, including, without limitation, all U.S. and
non-U.S. patents, patent applications, patent rights, trademarks, trademark applications, common law trademarks, Internet domain
names, trade names, service marks, service mark applications, common law service marks, and the goodwill associated therewith,
copyrights, in both published and unpublished works, whether registered or unregistered, copyright applications, franchises, licenses,
know-how, trade secrets, technical data, designs, customer lists, confidential and proprietary information, processes and formulae,
all computer software programs or applications, layouts, inventions, development tools and all documentation and media constituting,
describing or relating to the above, including manuals, memoranda, and records, whether such intellectual property has been created,
applied for or obtained anywhere throughout the world.

 

1.28
“Intellectual Property Rights” has the meaning set forth in Section 5.21.

 

1.29
“knowledge of the Company” or “Company’s knowledge” means the actual or constructive knowledge of
the Company, the Company Board, or the executive officers of the Company.

 

1.30
“knowledge of the Acquiror Company” or “Acquiror Company’s knowledge” means the actual or constructive
knowledge of the Company or the Acquiror Company Board or the Principal.

 

    	 

     

    

 

1.31
“Laws” means, with respect to any Person, any U.S. or non-U.S. federal, national, state, provincial, local, municipal,
international, multinational or other law (including common law), constitution, statute, code, ordinance, rule, regulation or
treaty applicable to such Person.

 

1.32
“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind, including, without
limitation, any conditional sale or other title retention agreement, any lease in the nature thereof and the filing of or agreement
to give any financing statement under the Uniform Commercial Code of any jurisdiction and including any lien or charge arising
by Law.

 

1.33
“Material Acquiror Company Contract” means any and all agreements, contracts, arrangements, leases, commitments or
otherwise, of the Acquiror Company, of the type and nature that the Acquiror Company would be required to file with the Commission
upon their occurrence in accordance with U.S. securities laws.

 

1.34
“Material Adverse Effect” means, when used with respect to either the Acquiror Company or Big Token, as the case may
be, any change, effect or circumstance which, individually or in the aggregate, would reasonably be expected to (a) have a material
adverse effect on the business, assets, financial condition or results of operations of the Acquiror Company or the Big Token,
as the case may be, in each case taken as a whole or (b) materially impair the ability of the Acquiror Company or Big Token, as
the case may be, to perform their obligations under this Agreement, excluding any change, effect or circumstance resulting from
(i) the announcement, pendency or consummation of the transactions contemplated by this Agreement, (ii) changes in the United
States securities markets generally, or (iii) changes in general economic, currency exchange rate, political or regulatory conditions
in industries in which the Acquiror Company or Big Token, as the case may be, operate or (c) result in litigation, claims, disputes
or property loss in the future, and that would prohibit or otherwise materially interfere with the ability of any party to this
Agreement to perform any of its obligations under this Agreement in any material respect.

 

1.35
“Material Contract” means any and all agreements, contracts, arrangements, leases, commitments or otherwise, of Big
Token, of the type and nature that the Acquiror Company would be required to file with the Commission upon their occurrence in
accordance with U.S. securities laws.

 

1.36
“Material Permits” has the meaning set forth in Section 5.20.

 

1.37
“Order” means any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued, made,
or rendered by any Governmental Authority.

 

1.38
“Organizational Documents” means (a) the articles or certificate of incorporation and the by-laws or code of regulations
of a corporation; (b) the partnership agreement and any statement of partnership of a general partnership; (c) the limited partnership
agreement and the certificate of limited partnership of a limited partnership; (d) the articles or certificate of formation and
operating agreement of a limited liability company; (e) any other document performing a similar function to the documents specified
in clauses (a), (b), (c) and (d) adopted or filed in connection with the creation, formation or organization of a Person; and
(f) any and all amendments to any of the foregoing.

 

    	 

     

    

 

1.39
“Permitted Liens” means (a) Liens for Taxes not yet payable or in respect of which the validity thereof is being contested
in good faith by appropriate proceedings and for the payment of which the relevant party has made adequate reserves; (b) Liens
in respect of pledges or deposits under workmen’s compensation laws or similar legislation, carriers, warehousemen, mechanics,
laborers and materialmen and similar Liens, if the obligations secured by such Liens are not then delinquent or are being contested
in good faith by appropriate proceedings conducted and for the payment of which the relevant party has made adequate reserves;
(c) statutory Liens incidental to the conduct of the business of the relevant party which were not incurred in connection with
the borrowing of money or the obtaining of advances or credits and that do not in the aggregate materially detract from the value
of its property or materially impair the use thereof in the operation of its business; and (d) Liens that would not have a Material
Adverse Effect.

 

1.40
“Person” means all natural persons, corporations, business trusts, associations, companies, partnerships, limited
liability companies, joint ventures and other entities, governments, agencies and political subdivisions.

 

1.41
“Proceeding” means any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil, criminal,
administrative or investigative) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental
Authority.

 

1.42
“Rule 144” means Rule 144 under the Securities Act, as the same may be amended from time to time, or any successor
statute.

 

1.43
“Schedules” means the several schedules referred to and identified herein, setting forth certain disclosures, exceptions
and other information, data and documents referred to at various places throughout this Agreement.

 

1.44
“SEC Documents” has the meaning set forth in Section 6.15.

 

1.45
“Securities Act” means the Securities Act of 1933, as amended, or any similar federal statute, and the rules and regulations
of the Commission thereunder, all as the same will be in effect at the time.

 

1.46
“Share Exchange” has the meaning set forth in Section 2.1.

 

1.47
“Subsidiary” means, with respect to any Person, any corporation, limited liability company, joint venture or partnership
of which such Person (a) beneficially owns, either directly or indirectly, more than 50% of (i) the total combined voting power
of all classes of voting securities of such entity, (ii) the total combined equity interests, or (iii) the capital or profit interests,
in the case of a partnership or limited liability company; or (b) otherwise has the power to vote or to direct the voting of sufficient
securities to elect a majority of the board of directors or similar governing body.

 

1.48
“Survival Period” has the meaning set forth in Section 10.1.

 

1.49
“Taxes” means all foreign, federal, state or local taxes, charges, fees, levies, imposts, duties and other assessments,
as applicable, including, but not limited to, any income, alternative minimum or add-on, estimated, gross income, gross receipts,
sales, use, transfer, transactions, intangibles, ad valorem, value-added, franchise, registration, title, license, capital, paid-up
capital, profits, withholding, payroll, employment, unemployment, excise, severance, stamp, occupation, premium, real property,
recording, personal property, federal highway use, commercial rent, environmental (including, but not limited to, taxes under
Section 59A of the Code) or windfall profit tax, custom, duty or other tax, governmental fee or other like assessment or charge
of any kind whatsoever, together with any interest, penalties or additions to tax with respect to any of the foregoing; and “Tax”
means any of the foregoing Taxes.

 

    	 

     

    

 

1.50
“Tax Return” means any return, declaration, report, claim for refund or credit, information return, statement or other
similar document filed with any Governmental Authority with respect to Taxes, including any schedule or attachment thereto, and
including any amendment thereof.

 

1.51
“Transaction Documents” means, collectively, all agreements, instruments and other documents to be executed and delivered
in connection with the transactions contemplated by this Agreement including but not limited to, the Agreement, and the Employment
Agreement.

 

1.52
“U.S.” means the United States of America.

 

1.53
“U.S. Dollars” or “US $” means the currency of the United States of America.

 

SECTION
II

EXCHANGE OF SHARES AND SHARE CONSIDERATION

 

2.1
Share Exchange. At the Closing, (i) the Acquiror Company shall issue shares of Acquiror Company Common Stock, which amount
shall represent, post issuance, 88.9% of the issued and outstanding shares of Acquiror Company Common Stock, and (ii) the Principal
will exchange all of the Acquiror Company Preferred Stock, and, in consideration therefor, the Company shall issue to the Acquiror
Company, the Common Stock, fully paid and nonassessable and which shall account for all of the outstanding Equity Securities of
Big Token (the “Share Exchange”).

 

2.2
Section 368 Reorganization. For U.S. federal income tax purposes, the Share Exchange is intended to constitute a “reorganization”
within the meaning of Section 368(a)(1)(B) of the Code. The parties to this Agreement hereby adopt this Agreement as a “plan
of reorganization” within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Treasury Regulations. Notwithstanding
the foregoing or anything else to the contrary contained in this Agreement, the parties acknowledge and agree that no party is
making any representation or warranty as to the qualification of the Share Exchange as a reorganization under Section 368 of the
Code or as to the effect, if any, that any transaction consummated prior to the Closing Date has or may have on any such reorganization
status. The parties acknowledge and agree that each (i) has had the opportunity to obtain independent legal and tax advice with
respect to the transaction contemplated by this Agreement, and (ii) is responsible for paying its own Taxes, including without
limitation, any adverse Tax consequences that may result if the transaction contemplated by this Agreement is not determined to
qualify as a reorganization under Section 368 of the Code.

 

    	 

     

    

 

SECTION
III

CLOSING DATE

 

3.1
Closing Date. The closing of the Share Exchange will occur on the date on which all of the closing conditions set forth
in Sections 8 and 9 have been satisfied or waived (the “Closing Date”), subject to extension by mutual agreement of
the Company and the Acquiror Company..

 

SECTION
IV

REPRESENTATIONS AND WARRANTIES OF PRINCIPAL

 

4.1
Generally. The Principal hereby represents and warrants to the Company:

 

4.1.1
Authority. The Principal has the right, power, authority and capacity to execute and deliver this Agreement and each of
the Transaction Documents to which such Principal is a party, to consummate the transactions contemplated by this Agreement and
each of the Transaction Documents to which such Principal is a party, and to perform such Principal’s obligations under
this Agreement and each of the Transaction Documents to which such Principal is a party, as applicable. This Agreement has been,
and each of the Transaction Documents to which such Principal is a party will be, duly and validly authorized and approved, executed
and delivered by Principal. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties thereto other than Principal, this Agreement is, and each of the Transaction Documents to which Principal
is a party have been, duly authorized, executed and delivered by Principal and constitutes the legal, valid and binding obligation
of Principal, enforceable against Principal in accordance with their respective terms, except as such enforcement is limited by
general equitable principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of creditors rights
generally.

 

4.1.2
No Conflict. Neither the execution or delivery by Principal of this Agreement or any Transaction Document to which Principal
is a party, nor the consummation or performance by Principal of the transactions contemplated hereby or thereby will, directly
or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the Organizational Documents of Principal
(if Principal is not a natural person); (b) contravene, conflict with, constitute a default (or an event or condition which, with
notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, any agreement
or instrument to which Principal is a party or by which the properties or assets of Principal are bound; or (c) contravene, conflict
with, or result in a violation of, any Law or Order to which Principal, or any of the properties or assets of Principal, may be
subject.

 

    	 

     

    

 

4.1.3
Ownership of Shares. Principal owns, of record and beneficially, and has good, valid and indefeasible title to and the
right to transfer to the Company pursuant to this Agreement, the Acquiror Company Preferred Stock free and clear of any and all
Liens. There are no options, rights, voting trusts, stockholder agreements or any other contracts or understandings to which Principal
is a party or by which Principal or Principal’s Acquiror Company Preferred Stock are bound with respect to the issuance,
sale, transfer, voting or registration of such Acquiror Company Preferred Stock. At the Closing Date, the Company will acquire
good, valid and marketable title to such Acquiror Company Preferred Stock free and clear of any and all Liens.

 

4.1.4
Litigation. There is no pending Proceeding against Principal that involves the Shares or that challenges, or may have the
effect of preventing, delaying or making illegal, or otherwise interfering with, any of the transactions contemplated by this
Agreement and, to the knowledge of Principal, no such Proceeding has been threatened, and no event or circumstance exists that
is reasonably likely to give rise to or serve as a basis for the commencement of any such Proceeding.

 

4.1.5
No Brokers or Finders. Except as disclosed in Schedule 4.1.5, no Person has, or as a result of the transactions
contemplated herein will have, any right or valid claim against Principal for any commission, fee or other compensation as a finder
or broker, or in any similar capacity, and Principal will indemnify and hold the Acquiror Company harmless against any liability
or expense arising out of, or in connection with, any such claim.

 

SECTION
V

REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND BIG TOKEN

 

The
disclosure schedules attached hereto as Schedule 5.1 through Schedule 5.29 (the “Company Schedules”)
are divided into sections that correspond to the sections of this Section V. The Company Disclosure Schedule comprises a list
of all exceptions to the truth and accuracy in all material respects of, and of all disclosures or descriptions required by, the
representations and warranties set forth in the sections of this Section V. Notwithstanding anything contained herein to the contrary
in this Agreement, any representation, warranty or covenant made by the Company and Big Token and shall be deemed to have been
made to the best of their knowledge. The Company and Big Token represent and warrant to the Acquiror Company as follows

 

5.1
Organization and Qualification. The Company and Big Token are duly incorporated and validly existing under the laws of
the state of Delaware, has all requisite authority and power (corporate and other), governmental licenses, authorizations, consents
and approvals to carry on its business as presently conducted and as contemplated to be conducted, to own, hold and operate its
properties and assets as now owned, held and operated by it, to enter into this Agreement, to carry out the provisions hereof
except where the failure to be so organized, existing and in good standing or to have such authority or power will not, in the
aggregate, have a Material Adverse Effect. The Company and Big Token are duly qualified to conduct business and are in good standing
as a foreign corporation in each jurisdiction wherein the nature of its activities or its properties owned or leased makes such
qualification necessary, except where the failure to be so qualified will not have a Material Adverse Effect.

 

5.1
Subsidiaries. Except as set forth on Schedule 5.2, Big Token does not own directly or indirectly, any equity or other ownership
interest in any corporation, partnership, joint venture or other entity or enterprise.

 

    	 

     

    

 

5.2
Organizational Documents.

 

5.2.1
True, correct and complete copies of the Organizational Documents of the Company and Big Token have been delivered to the Acquiror
Company prior to the execution of this Agreement, and no action has been taken to amend or repeal such Organizational Documents
as of the date of delivery. The Company and Big Token are not in violation or breach of any of the provisions of its Organizational
Documents.

 

5.3
Authorization and Validity of this Agreement. The Company and Big Token have all requisite authority and power (corporate
and other), governmental licenses, authorizations, consents and approvals to enter into this Agreement and each of the Transaction
Documents to which the Company and Big Token are a party, to consummate the transactions contemplated by this Agreement and each
of the Transaction Documents to which the Company and Big Token are a party, to perform its obligations under this Agreement and
each of the Transaction Documents to which the Company and Big Token are a party, and to record the transfer of the Shares and
the delivery of the new certificates representing the Shares registered in the name of the Acquiror Company. The execution, delivery
and performance by the Company and Big Token of this Agreement and each of the Transaction Documents to which the Company and
Big Token are a party have been duly authorized by all necessary corporate action and do not require from the Company and Big
Token Boards or the shareholders if Company or Big Token, any consent or approval that has not been validly and lawfully obtained.
The execution, delivery and performance by the Company and Big Token of this Agreement and each of the Transaction Documents to
which the Company and Big Token a party requires no authorization, consent, approval, license, exemption of or filing or registration
with any Governmental Authority or other Person.

 

5.4
No Violation. Neither the execution nor the delivery by the Company or Big Token of this Agreement or any Transaction Document
to which the Company or Big Token are a party, nor the consummation or performance by the Company or Big Token of the transactions
contemplated hereby or thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision
of the Organizational Documents of the Company or Big Token; (b) contravene, conflict with, constitute a default (or an event
or condition which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration
of, or result in the imposition or creation of any Lien under, any agreement or instrument to which the Company or Big Token is
a party or by which the properties or assets of the Company or Big Token are bound ; (c) contravene, conflict with, or result
in a violation of, any Law or Order to which the Company or Big Token, or any of the properties or assets owned or used by the
Company or Big Token, may be subject; or (d) contravene, conflict with, or result in a violation of, the terms or requirements
of, or give any Governmental Authority the right to revoke, withdraw, suspend, cancel, terminate or modify, any licenses, permits,
authorizations, approvals, franchises or other rights held by the Company or Big Token or that otherwise relate to the business
of, or any of the properties or assets owned or used by, the Company or Big Token, except, in the case of clause (b), (c), or
(d), for any such contraventions, conflicts, violations, or other occurrences as would not have a Material Adverse Effect.

 

    	 

     

    

 

5.5
Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties thereto other than the Company and Big Token, this Agreement and each of the Transaction Documents
to which the Company and Big Token are a party are duly authorized, executed and delivered by the Company and Big Token and constitute
the legal, valid and binding obligations of the Company and Big Token, enforceable against the Company and Big Token in accordance
with their respective terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency
and other similar laws affecting the enforcement of creditors rights generally.

 

5.6
Capitalization and Related Matters.

 

5.6.1
Capitalization of the Company. The authorized capital stock of Big Token consists of 1,000,000 shares of Class A Common
Stock, of which 0 shares of Class A Common Stock are issued and outstanding, 1,000,000 shares of Class B Common Stock, of which
1,000,000 shares are issued and outstanding, and 398,000,000 shares of preferred stock, of which 0 shares are issued and outstanding.
Except as set forth on Schedule 5.7.1, there are no outstanding or authorized options, warrants, calls, purchase agreements,
participation agreements, subscription rights, conversion rights, exchange rights or other securities or contracts that could
require Big Token to issue, sell or otherwise cause to become outstanding any of its authorized but unissued shares of capital
stock or any securities convertible into, exchangeable for or carrying a right or option to purchase shares of capital stock or
to create, authorize, issue, sell or otherwise cause to become outstanding any new class of capital stock. There are no outstanding
stockholders’ agreements, voting trusts or arrangements, registration rights agreements, rights of first refusal or other
contracts pertaining to the capital stock of Big Token. The issuance of all of the shares of Common Stock described in this Section
5.7.1 have been in compliance with the laws of the U.S. and the state of Delaware. All issued and outstanding shares of the Big
Token’s capital stock are duly authorized, validly issued, fully paid and nonassessable and have not been issued in violation
of any preemptive or similar rights.

 

5.6.2
No Redemption Requirements. There are no outstanding contractual obligations (contingent or otherwise) of Big Token to
retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, Big
Token or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other Person.

 

5.7
Shareholders. The Company owns all of the Equity Securities of Big Token. Except as expressly provided in this Agreement,
no other Person is entitled to any preemptive right, right of first refusal or similar right as a result of the issuance of the
Common Stock or otherwise. There is no voting trust, agreement or arrangement related to any Equity Securities of Big Token.

 

5.8
Compliance with Laws and Other Instruments. Except as would not have a Material Adverse Effect, the business and operations
of Big Token has been and is being conducted in accordance with all applicable Laws and Orders. Except as would not have a Material
Adverse Effect, Big Token has not received notice of any violation (or any Proceeding involving an allegation of any violation)
of any applicable Law or Order by or affecting Big Token, to the knowledge of the Company and Big Token, no Proceeding involving
an allegation of violation of any applicable Law or Order is threatened or contemplated. Except as would not have a Material Adverse
Effect, the Company and Big Token are not alleged to be, in violation of, or (with or without notice or lapse of time or both)
in default under, or in breach of, any term or provision of its Organizational Documents or of any indenture, loan or credit agreement,
note, deed of trust, mortgage, security agreement or other material agreement, lease, license or other instrument, commitment,
obligation or arrangement to which the Company or Big Token is a party or by which any of the Company’s or Big Token’s
properties, assets or rights are bound or affected. To the knowledge of the Company and Big Token, no other party to any material
contract, agreement, lease, license, commitment, instrument or other obligation to which the Company or Big Token is a party is
(with or without notice or lapse of time or both) in default thereunder or in breach of any term thereof. The Company and Big
Token are not subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of the Company
or Big Token any event or circumstance relating to the Company or Big Token that materially and adversely affects in any way its
business, properties, assets or prospects or that prohibits the Company or Big Token from entering into this Agreement or would
prevent or make burdensome its performance of or compliance with all or any part of this Agreement or the consummation of the
transactions contemplated hereby or thereby.

 

    	 

     

    

 

5.9
Certain Proceedings. There is no pending Proceeding that has been commenced against the Company or Big Token that challenges,
or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated
in this Agreement. To the Company’s and Big Token’s knowledge, no such Proceeding has been threatened.

 

5.10
No Brokers or Finders. Except as disclosed in Schedule 5.11, no person has, or as a result of the transactions contemplated
herein will have, any right or valid claim against the Company or Big Token for any commission, fee or other compensation as a
finder or broker, or in any similar capacity, and the Company and Big token will indemnify and hold the Acquiror Company harmless
against any liability or expense arising out of, or in connection with, any such claim.

 

5.11
Title to and Condition of Properties. Except as would not have a Material Adverse Effect,
Big Token owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use
all real property, plants, machinery and equipment necessary for the conduct of the business of Big Token as presently conducted,
free and clear of all Liens, except Permitted Liens. The material buildings, plants, machinery and equipment necessary for the
conduct of the business of Big Token as presently conducted are structurally sound, are in good operating condition and repair
and are adequate for the uses to which they are being put, in each case, taken as a whole, and none of such buildings, plants,
machinery or equipment is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not
material in nature or cost.

 

5.12
No Changes. Since inception, Big Token has not experienced or suffered any Material Adverse Effect.

 

5.13
No Undisclosed Events. Except as set forth on Schedule 5.14, since January 1, 2018, no material event exists with respect
to Big Token or its businesses, properties, operations or financial condition, which has not been disclosed to the Acquiror Company
in writing as of the date of this Agreement.

 

5.14
Board Recommendation. The Company Board has, by unanimous written consent, determined that this Agreement and the transactions
contemplated by this Agreement, are advisable and in the best interests of the Company and its shareholders.

 

5.15
Changes. Except as set forth in Schedule 5.16, since January 1, 2018, and to the Company’s and Big Token’s
knowledge for all periods before, Big Token has conducted its business in the usual and ordinary course of business consistent
with past practice and has not:

 

    	 

     

    

 

5.15.1
Ordinary Course of Business. Entered into any transaction other than in the usual and ordinary course of business, except
for this Agreement and each of the Transaction Documents.

 

5.15.2
Adverse Changes. Suffered or experienced any change in, or affecting, its condition (financial or otherwise), properties,
assets, liabilities, business, operations, results of operations or prospects other than changes, events or conditions in the
usual and ordinary course of its business, none of which would have a Material Adverse Effect;

 

5.15.3
Loans. Made any loans or advances to any Person other than travel advances and reimbursement of expenses made to employees,
officers and directors in the ordinary course of business;

 

5.15.4
Liens. Created or permitted to exist any Lien on any material property or asset of Big Token, other than Permitted Liens;

 

5.15.5
Capital Stock. Except for the Common Stock owned by the Company, issued, sold, disposed of or encumbered, or authorized
the issuance, sale, disposition or encumbrance of, or granted or issued any option to acquire any shares of its capital stock
or any other of its securities or any Equity Security, or altered the term of any of its outstanding securities or made any change
in its outstanding shares of capital stock or its capitalization, whether by reason of reclassification, recapitalization, stock
split, combination, exchange or readjustment of shares, stock dividend or otherwise;

 

5.15.6
Dividends. Declared, set aside, made or paid any dividend or other distribution to any of its stockholders;

 

5.15.7
Material Contracts. Terminated or modified any Material Contract, except for termination upon expiration in accordance
with the terms thereof;

 

5.15.8
Claims. Released, waived or cancelled any claims or rights relating to or affecting the Company in excess of US $5,000
in the aggregate or instituted or settled any Proceeding involving in excess of US $5,000 in the aggregate;

 

5.15.9
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability in excess of US $5,000 in the
aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;

 

5.15.10
Indebtedness. Created, incurred, assumed or otherwise become liable for any Indebtedness in excess of US $5,000 in the
aggregate, other than professional fees;

 

5.15.11
Guarantees. Guaranteed or endorsed any obligation or net worth of any Person exceeding $5,000 in the aggregate;

 

    	 

     

    

 

5.15.12
Acquisitions. Acquired the capital stock or other securities or any ownership interest in, or substantially all of the
assets of, any other Person;

 

5.15.13
Accounting. Changed its method of accounting or the accounting principles or practices utilized in the preparation of its
financial statements, other than as required by GAAP;

 

5.15.14
Agreements. Entered into any agreement, or otherwise obligated itself, to do any of the foregoing.

 

5.16
Litigation. Except as set forth on Schedule 5.17, there is no action, suit, inquiry, notice of violation, proceeding
or investigation pending or, to the knowledge of the Company or Big Token, threatened against or affecting Big Token or any of
their respective properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority
(federal, state, county, local or foreign) (collectively, an “Action”) which (i) adversely affects or challenges
the legality, validity or enforceability of any of the Transaction Documents or the Common Stock or (ii) could, if there were
an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect. Big Token does not, nor, to the
knowledge of the Company and Big Token, any director or officer thereof, is or has been the subject of any Action involving a
claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not
been, and to the knowledge of the Company and Big Token, there is not pending or contemplated, any investigation by the Commission
involving Big Token or any current or former director or officer of Big Token.

 

5.17
Labor Relations. No labor dispute exists or, to the knowledge of the Company or Big Token, is imminent with respect to
any of the employees of Big Token, which could reasonably be expected to result in a Material Adverse Effect. No Big Token employee
is a member of a union that relates to such employee’s relationship with the Big Token, and Big Token is not a party to
a collective bargaining agreement, and Big Token believe that their relationships with their employees are good. To the knowledge
of the Company and Big Token, no executive officer of Big Token, is, or is now expected to be, in violation of any material term
of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement, or
any other contract or agreement or any restrictive covenant in favor of any third party, and the continued employment of each
such executive officer does not subject Big Token to any liability with respect to any of the foregoing matters. Big Token is
in compliance with all U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices,
terms and conditions of employment and wages and hours, except where the failure to be in compliance could not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

5.18
Compliance. Big Token is not: (i) in default under or in violation of (and no event has occurred that has not been waived
that, with notice or lapse of time or both, would result in a default by Big Token under), nor has Big Token received notice of
a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement
or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation
has been waived), (ii) in violation of any judgment, decree or order of any court, arbitrator or other governmental authority
or (iii) nor has been in violation of any statute, rule, ordinance or regulation of any governmental authority, including without
limitation all foreign, federal, state and local laws relating to taxes, environmental protection, occupational health and safety,
product quality and safety and employment and labor matters, except in each case as could not have or reasonably be expected to
result in a Material Adverse Effect.

 

    	 

     

    

 

5.19
Regulatory Permits. Big Token possess all certificates, authorizations and permits issued by the appropriate federal, state,
local or foreign regulatory authorities necessary to conduct its business, as presently conducted, except where the failure to
possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material Permits”),
and Big Token has not received any notice of proceedings relating to the revocation or modification of any Material Permit.

 

5.20
Intellectual Property. Big Token has, or has rights to use, all Intellectual Property as necessary or required for use
in connection with its business and which the failure to so have could have a Material Adverse Effect (collectively, the “Intellectual
Property Rights”). Big Token has not received a notice (written or otherwise) that any of, the Intellectual Property
Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within five (5) years
from the date of this Agreement, except where such occurrence could not reasonably be expected to result in a Material Adverse
Effect. Big Token has not received a written notice of a claim or otherwise has any knowledge that the Intellectual Property Rights
violate or infringe upon the rights of any Person, except as could not have or reasonably be expected to not have a Material Adverse
Effect. To the Company’s and Big Token’s Knowledge, all such Intellectual Property Rights are enforceable and there
is no existing infringement by another Person of any of the Intellectual Property Rights. Big Token has taken reasonable security
measures to protect the secrecy, confidentiality and value of all of their intellectual properties, except where failure to do
so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

5.21
Transactions With Affiliates and Employees. Except as set forth in Schedule 5.22, since January 1, 2017, none of the officers
or directors of Big Token and, to the Company’s and Big Token’s Knowledge, none of the employees of Big Token is presently
a party to any transaction with Big Token (other than for services as employees, officers and directors), including any contract,
agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property
to or from, providing for the borrowing of money from or lending of money to or otherwise requiring payments to or from any officer,
director or such employee or, to the Company’s and Big Token’s Knowledge, any entity in which any officer, director,
or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member or partner, other than
for: (i) payment of salary or consulting fees for services rendered, (ii) reimbursement for expenses incurred on behalf of Big
Token and (iii) other employee benefits, including stock option agreements, restricted stock awards or related agreements under
any equity-based compensation plan of Big Token.

 

5.22
Absence of Undisclosed Liabilities. Except as set forth on Schedule 5.23, as of the date hereof, Big Token has no
debt, obligation or liability (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due) arising
out of any transaction entered into at or prior to the Closing Date or any act or omission at or prior to the Closing Date Except
as set forth on Schedule 5.23, as of the date hereof, the Company has not incurred liabilities, obligations, claims or losses
(whether liquidated or unliquidated, secured or unsecured, absolute, accrued, contingent or otherwise).

 

    	 

     

    

 

5.23
Material Contracts. Big Token has provided to the Acquiror Company, prior to the date of this Agreement, true, correct
and complete copies of each written Material Contract, including each amendment, supplement and modification thereto.

 

5.24
No Defaults. Each Material Contract is a valid and binding agreement of Big Token and is in full force and effect. Big
Token is not in breach or default of any Material Contract to which it is a party and, to the Company’s and Big Token’s
Knowledge, no other party to any Material Contract is in breach or default thereof. No event has occurred or circumstance exists
that (with or without notice or lapse of time) would (a) contravene, conflict with or result in a violation or breach of, or become
a default or event of default under, any provision of any Material Contract or (b) permit Big Token or any other Person the right
to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate or
modify any Material Contract. Big Token has not received notice of the pending or threatened cancellation, revocation or termination
of any Material Contract to which it is a party. There are no renegotiations of, or attempts to renegotiate, or outstanding rights
to renegotiate any material terms of any Material Contract.

 

5.25
Employees. Except as would not have a Material Adverse Effect, Big Token is in full compliance with all Laws regarding
employment, wages, hours, benefits, equal opportunity, collective bargaining, the payment of Social Security and other taxes,
and occupational safety and health. Big Token are not liable for the payment of any compensation, damages, taxes, fines, penalties
or other amounts, however designated, for failure to comply with any of the foregoing Laws.

 

5.26
Tax Returns and Audits.

 

5.26.1
Tax Returns. Since inception, to the Company’s and Big Token’s knowledge, Big Token has filed all material
Tax Returns required to be filed (if any) by or on behalf of Big Token and have paid all material Taxes of Big Token required
to have been paid (whether or not reflected on any Tax Return). Except as set forth on Schedule 5.27, (a) no Governmental
Authority in any jurisdiction has made a claim, assertion or threat to Big Token that the Big Token is or may be subject to taxation
by such jurisdiction; (b) there are no Liens with respect to Taxes on Big Token’s property or assets other than Permitted
Liens; and (c) there are no Tax rulings, requests for rulings, or closing agreements relating to Big Token for any period (or
portion of a period) that would affect any period after the date hereof.

 

5.26.2
No Adjustments, Changes. Big Token has not, nor any other Person on behalf of Big Token (a) executed or entered into a
closing agreement pursuant to Section 7121 of the Code or any predecessor provision thereof or any similar provision of state,
local or foreign law; or (b) has agreed to or is required to make any adjustments pursuant to Section 481(a) of the Code or any
similar provision of state, local or foreign law.

 

    	 

     

    

 

5.26.3
No Disputes. There is no pending audit, examination, investigation, dispute, proceeding or claim with respect to any Taxes
of Big Token, nor is any such claim or dispute pending or contemplated. Big Token has not received notice of any such audit, examination,
investigation, dispute, proceeding or claim with respect to any Taxes with respect to any periods.

 

5.26.4
Not a U.S. Real Property Holding Corporation. Big Token is not and has not been a United States real property holding corporation
within the meaning of Section 897(c)(2) of the Code at any time during the applicable period specified in Section 897(c)(1)(A)(ii)
of the Code.

 

5.26.5
No Tax Allocation, Sharing. Big Token is not and has not been a party to any Tax allocation or sharing agreement.

 

5.26.6
No Other Arrangements. Big Token is not a party to any agreement, contract or arrangement for services that would result,
individually or in the aggregate, in the payment of any amount that would not be deductible by reason of Section 162(m), 280G
or 404 of the Code. Big Token is not a “consenting corporation” within the meaning of Section 341(f) of the Code.
Big Token does not have any “tax-exempt bond financed property” or “tax-exempt use property” within the
meaning of Section 168(g) or (h), respectively of the Code. Big Token does not have any outstanding closing agreement, ruling
request, request for consent to change a method of accounting, subpoena or request for information to or from a Governmental Authority
in connection with any Tax matter. During the last two years, Big Token has not engaged in any exchange with a related party (within
the meaning of Section 1031(f) of the Code) under which gain realized was not recognized by reason of Section 1031 of the Code.
Big Token is not a party to any reportable transaction within the meaning of Treasury Regulation Section 1.6011-4.

 

5.27
Bank Accounts and Safe Deposit Boxes. Schedule 5.28 discloses the title and number of each bank or other deposit
or financial account, and each lock box and safety deposit box used by Big Token since January 1, 2018, the financial institution
at which that account or box is maintained and the names of the persons authorized to draw against the account or otherwise have
access to the account or box, as the case may be.

 

5.28
Money Laundering Laws. The operations of Big Token are and have been conducted at all times in compliance with applicable
financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended,
the money laundering statutes of all U.S. and non-U.S. jurisdictions, the rules and regulations thereunder and any related or
similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Authority (collectively, the “Money
Laundering Laws”) and no Proceeding involving Big Token with respect to the Money Laundering Laws is pending or, to the
knowledge of Big Token, threatened.

 

    	 

     

    

 

SECTION
VI

REPRESENTATIONS AND WARRANTIES OF THE ACQUIROR COMPANY AND PRINCIPAL

 

The
disclosure schedules attached hereto as Schedule 6.1 through Schedule 6.17 (the “Acquiror Company Disclosure
Schedules”) are divided into sections that correspond to the sections of this Section VI. The Acquiror Company Disclosure
Schedule comprises a list of all exceptions to the truth and accuracy in all material respects of, and of all disclosures or descriptions
required by, the representations and warranties set forth in the remaining sections of this Section VI. For purposes of this Section
VI, any statement, facts, representations, or admissions contained in the public filings made by the Acquiror Company with the
Commissions, are deemed to be included in the Acquiror Company Disclosure Schedules and all such information is deemed to be fully
disclosed to the Company. For purposes of this Agreement, “to the best of our knowledge” or similar phrase shall mean
the actual or constructive knowledge of the Acquiror Company and the Principal, the Acquiror Company Board, or its officers. The
Acquiror Company and Principal each, severally, represent and warrant to the Company as follows:

 

6.1
Organization and Qualification. The Acquiror Company is duly incorporated under the laws of the state of Florida, has all
requisite authority and power (corporate and other), governmental licenses, authorizations, consents and approvals to carry on
its business as presently conducted and as contemplated to be conducted, to own, hold and operate its properties and assets as
now owned, held and operated by it, to enter into this Agreement, to carry out the provisions hereof except where the failure
to be so organized, existing or to have such authority or power will not, in the aggregate, have a Material Adverse Effect. The
Acquiror Company is duly qualified to conduct business as a foreign corporation in each jurisdiction wherein the nature of its
activities or its properties owned or leased makes such qualification necessary, except where the failure to be so qualified will
not have a Material Adverse Effect.

 

6.2
Subsidiaries. Except as set forth on Schedule 6.2, the Acquiror Company does not own, directly or indirectly, any equity
or other ownership interest in any corporation, partnership, joint venture or other entity or enterprise.

 

6.3
Organizational Documents. True, correct and complete copies of the Organizational Documents of the Acquiror Company have
been delivered to the Company prior to the execution of this Agreement, and no action has been taken to amend or repeal such Organizational
Documents since such date of delivery. The Acquiror Company is not in violation or breach of any of the provisions of its Organizational
Documents, except for such violations or breaches as would not have a Material Adverse Effect.

 

6.4
Authorization. The Acquiror Company has all requisite authority and power (corporate and other), governmental licenses,
authorizations, consents and approvals to enter into this Agreement and each of the Transaction Documents to which the Acquiror
Company is a party, to consummate the transactions contemplated by this Agreement and each of the Transaction Documents to which
the Acquiror Company is a party and to perform its obligations under this Agreement and each of the Transaction Documents to which
the Acquiror Company is a party. The execution, delivery and performance by the Acquiror Company of this Agreement and each of
the Transaction Documents to which the Acquiror Company is a party have been duly authorized by all necessary corporate action
and do not require from the Acquiror Company Board any consent or approval that has not been validly and lawfully obtained except
for approval by the Acquiror Company stockholders. The execution, delivery and performance by the Acquiror Company of this Agreement
and each of the Transaction Documents to which the Acquiror Company is a party requires no authorization, consent, approval, license,
exemption of or filing or registration with any Governmental Authority or other Person other than such other customary filings
with the Commission for transactions of the type contemplated by this Agreement and the Transaction Documents.

    	 

     

    

 

6.5
No Violation. Neither the execution nor the delivery by the Acquiror Company of this Agreement or any Transaction Document
to which the Acquiror Company is a party, nor the consummation or performance by the Acquiror Company of the transactions contemplated
hereby or thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the
Organizational Documents of the Acquiror Company (b) contravene, conflict with, constitute a default (or an event or condition
which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of,
or result in the imposition or creation of any Lien under, any agreement or instrument to which the Acquiror Company is a party
or by which the properties or assets of the Acquiror Company is bound; (c) contravene, conflict with, or result in a violation
of, any Law or Order to which the Acquiror Company, or any of the properties or assets owned or used by the Acquiror Company,
may be subject; or (d) contravene, conflict with, or result in a violation of, the terms or requirements of, or give any Governmental
Authority the right to revoke, withdraw, suspend, cancel, terminate or modify, any licenses, permits, authorizations, approvals,
franchises or other rights held by the Acquiror Company or that otherwise relate to the business of, or any of the properties
or assets owned or used by, the Acquiror Company, except, in the case of clause (b), (c), or (d), for any such contraventions,
conflicts, violations, or other occurrences as would not have a Material Adverse Effect.

 

6.6
Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties thereto other than the Acquiror Company, this Agreement and each of the Transaction Documents to
which the Acquiror Company is a party are duly authorized, executed and delivered by the Acquiror Company and constitutes the
legal, valid and binding obligations of the Acquiror Company, enforceable against the Acquiror Company in accordance with their
respective terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and other
similar Laws affecting the enforcement of creditors rights generally.

 

6.7
Securities Laws. Assuming the accuracy of the representations and warranties of the Company contained in Section 5, the
issuance of the Acquiror Company Shares pursuant to this Agreement will be, when issued and paid for in accordance with the terms
of this Agreement issued in accordance with exemptions from the registration and prospectus delivery requirements of the Securities
Act and the registration permit or qualification requirements of all applicable state securities laws.

 

6.8
Capitalization and Related Matters.

 

6.8.1
Capitalization. The authorized capital stock of the Acquiror Company consists of 20,020,000,000 shares: 20,000,000,000
shares of the Acquiror Company’s Common Stock are authorized, of which 841,184,289 shares are issued and outstanding as
of the date of this Agreement; 20,000,000 shares of the Acquiror Company’s Preferred Stock are authorized, of which 5,000,000
shares are designated issued and outstanding as of the date of this Agreement. All issued and outstanding shares of the Acquiror
Company’s Common Stock and Acquired Company’s Preferred Stock are duly authorized, validly issued, fully paid and
nonassessable, and have not been issued in violation of any preemptive or similar rights. At the Closing Date, the Acquiror Company
will have sufficient authorized and unissued Acquiror Company’s Common Stock to consummate the transactions contemplated
hereby.

 

    	 

     

    

 

6.8.2
Duly Authorized. The issuance of the Acquiror Company Shares has been duly authorized and, upon delivery to the Company
of certificates therefor in accordance with the terms of this Agreement, the Acquiror Company Shares will have been validly issued
and fully paid, and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights
and will be free and clear of all Liens and restrictions, other than Liens created by the Company and restrictions on transfer
imposed by this Agreement and the Securities Act.

 

6.9
Compliance with Laws. Since January 1, 2018 and, to the best of the Acquiror Company’s knowledge, for all periods
prior thereto, (i) the business and operations of the Acquiror Company have been and are being conducted in accordance with all
applicable Laws and Orders; and (ii) the Acquiror Company has not received notice of any violation (or any Proceeding involving
an allegation of any violation) of any applicable Law or Order by or affecting the Acquiror Company and no Proceeding involving
an allegation of violation of any applicable Law or Order is threatened or contemplated. The Acquiror Company is not subject to
any obligation or restriction of any kind or character, nor is there, to the knowledge of the Acquiror Company, any event or circumstance
relating to the Acquiror Company that materially and adversely affects in any way its business, properties, assets or prospects
or that prohibits the Acquiror Company from entering into this Agreement or would prevent or make burdensome its performance of
or compliance with all or any part of this Agreement or the consummation of the transactions contemplated hereby.

 

6.10
Certain Proceedings. There is no pending Proceeding that has been commenced against the Acquiror Company and that challenges,
or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated
by this Agreement. To the knowledge of the Acquiror Company, no such Proceeding has been threatened.

 

6.11
No Brokers or Finders. Except as disclosed in Schedule 6.11, no Person has, or as a result of the transactions contemplated
herein will have, any right or valid claim against the Acquiror Company for any commission, fee or other compensation as a finder
or broker, or in any similar capacity.

 

6.12
Absence of Undisclosed Liabilities. Except as set forth on Schedule 6.12, as of the date hereof, the Acquiror Company
has no debt, obligation or liability (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become
due) arising out of any transaction entered into at or prior to the Closing Date or any act or omission at or prior to the Closing
Date Except as set forth on Schedule 6.12, as of the date hereof, the Acquiror Company has not incurred liabilities, obligations,
claims or losses (whether liquidated or unliquidated, secured or unsecured, absolute, accrued, contingent or otherwise).

 

6.13
Changes. Except as set forth in Schedule 6.13 and, to the best of the Acquiror Company’s knowledge, the Acquiror
Company has, conducted its business in the usual and ordinary course of business consistent with past practice and has not:

 

    	 

     

    

 

6.13.1
Adverse Changes. Suffered or experienced any change in, or affecting, its condition (financial or otherwise), properties,
assets, liabilities, business, operations, results of operations or prospects other than changes, events or conditions in the
usual and ordinary course of its business, none of which would have a Material Adverse Effect;

 

6.13.2
Loans. Made any loans or advances to any Person other than travel advances and reimbursement of expenses made to employees,
officers and directors in the ordinary course of business;

 

6.13.3
Liens. Created or permitted to exist any Lien on any material property or asset of the Acquiror Company, other than Permitted
Liens;

 

6.13.4
Capital Stock. Issued, sold, disposed of or encumbered, or authorized the issuance, sale, disposition or encumbrance of,
or granted or issued any option to acquire any shares of its capital stock or any other of its securities or any Equity Security,
or altered the term of any of its outstanding securities or made any change in its outstanding shares of capital stock or its
capitalization, whether by reason of reclassification, recapitalization, stock split, combination, exchange or readjustment of
shares, stock dividend or otherwise;

 

6.13.5
Dividends. Declared, set aside, made or paid any dividend or other distribution to any of its stockholders;

 

6.13.6
Material Acquiror Company Contracts. Terminated or modified any Material Acquiror Company Contract, except for termination
upon expiration in accordance with the terms thereof;

 

6.13.7
Claims. Released, waived or cancelled any claims or rights relating to or affecting the Acquiror Company in excess of US
$5,000 in the aggregate or instituted or settled any Proceeding involving in excess of US $5,000 in the aggregate;

 

6.13.8
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability in excess of US $5,000 in the
aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;

 

6.13.9
Indebtedness. Created, incurred, assumed or otherwise become liable for any Indebtedness in excess of US $5,000 in the
aggregate, other than professional fees;

 

6.13.10
Guarantees. Guaranteed or endorsed any obligation or net worth of any Person exceeding $5,000 in the aggregate;

 

6.13.11
Acquisitions. Acquired the capital stock or other securities or any ownership interest in, or substantially all of the
assets of, any other Person;

 

    	 

     

    

 

6.13.12
Accounting. Changed its method of accounting or the accounting principles or practices utilized in the preparation of its
financial statements, other than as required by GAAP;

 

6.13.13
Agreements. Entered into any agreement, or otherwise obligated itself, to do any of the foregoing.

 

6.14
No Defaults. Each Material Acquiror Company Contract is a valid and binding agreement of the Acquiror Company, and is in
full force and effect. The Acquiror Company is not in breach or default of any Material Acquiror Company Contract to which it
is a party and, to the knowledge of the Acquiror Company, no other party to any Material Acquiror Company Contract is in breach
or default thereof. No event has occurred or circumstance exists that (with or without notice or lapse of time) would (a) contravene,
conflict with or result in a violation or breach of, or become a default or event of default under, any provision of any Material
Acquiror Company Contract or (b) permit the Acquiror Company or any other Person the right to declare a default or exercise any
remedy under, or to accelerate the maturity or performance of, or to cancel, terminate or modify any Material Acquiror Company
Contract. The Acquiror Company has not received notice of the pending or threatened cancellation, revocation or termination of
any Material Acquiror Company Contract to which it is a party. There are no renegotiations of, or attempts to renegotiate, or
outstanding rights to renegotiate any material terms of any Material Acquiror Company Contract.

 

6.15
SEC Documents; Financial Statements. Except as set forth on Schedule 6.15, since January 1, 2018 and, to the best
of the Acquiror Company’s knowledge, for all periods prior thereto, the Acquiror Company has filed all reports required
to be filed by it under the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the five (5) years preceding
the date hereof (or such shorter period as the Acquiror Company was required by law to file such material) (the foregoing materials
being collectively referred to herein as the “SEC Documents”). As of their respective dates, the SEC Documents complied
in all material respects with the requirements of the Securities Act and the Exchange Act and the rules and regulations of the
Commission promulgated thereunder, and none of the SEC Documents, when filed, contained any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary in order to make the statement therein, in light
of the circumstances under which they were made, not misleading. All Material Acquiror Company Contracts to which the Acquiror
Company is a party or to which the property or assets of the Acquiror Company are subject have been appropriately filed as exhibits
to the SEC Documents as and to the extent required under the Exchange Act. The financial statements of the Acquiror Company included
in the SEC Documents comply in all material respects with applicable accounting requirements and the rules and regulations of
the Commission with respect thereto as in effect at the time of filing, were prepared in accordance with GAAP applied on a consistent
basis during the periods involved (except as may be indicated in the notes thereto, or, in the case of unaudited statements as
permitted by Form 10-Q, as the case may be, of the Commission), and fairly present in all material respects (subject in the case
of unaudited statements, to normal, recurring audit adjustments) the financial position of the Acquiror Company as at the dates
thereof and the results of its operations and cash flows for the periods then ended.

    	 

     

    

 

6.16
Untrue Statements. Neither this Agreement nor the Schedules hereto nor any other documents, certificates or instruments
furnished to the Company by or on behalf of Acquiror Company or Principal in connection with the transactions contemplated by
this Agreement contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements made herein or therein, in the light of the circumstances under which they were made herein or therein, not misleading.

 

6.17
Board Recommendation. The Acquiror Company Board, by unanimous written consent, has determined that this Agreement and
the transactions contemplated by this Agreement are advisable and in the best interests of the Acquiror Company’s stockholders
and has duly authorized this Agreement and the transactions contemplated by this Agreement.

 

SECTION
VII

COVENANTS OF THE ACQUIROR COMPANY

 

7.1
Form 8-K. Within four (4) business days of the Closing Date, the Acquiror Company shall file the Form 8-K disclosing the
transactions contemplated hereby in the Transaction Documents and including any such required disclosure and financial statements
required by the Commission.

 

7.2
Furnishing of Information; Public Information. At any time during the period commencing from the Closing Date and ending
twenty-four (24) months after the Closing Date, the Acquiror Company shall satisfy the current public information requirement
under Rule 144(c).

 

SECTION
VIII

CONDITIONS PRECEDENT OF THE ACQUIROR COMPANY AND PRINCIPAL

 

The
Acquiror Company’s obligation to acquire the Common Stock and to take the other actions required to be taken by the Acquiror
Company at the Closing Date and the Principal’s obligation to transfer the Acquiror Company Preferred Stock are subject
to the satisfaction, at or prior to the Closing Date, of each of the following conditions (any of which may be waived by the Acquiror
Company and Principal, in whole or in part):

 

8.1
Accuracy of Representations. The representations and warranties of the Company set forth in this Agreement or in any Schedule
or certificate delivered pursuant hereto shall be true and correct in all material respects as of the date of this Agreement except
to the extent a representation or warranty is expressly limited by its terms to another date and without giving effect to any
supplemental Schedule.

 

8.2
Performance by the Company.

 

8.2.1
All of the covenants and obligations that the Company is required to perform or to comply with pursuant to this Agreement (considered
collectively), and each of these covenants and obligations (considered individually), must have been duly performed and complied
with in all material respects.

 

8.2.2
Each document required to be delivered by the Company pursuant to this Agreement must have been delivered.

 

    	 

     

    

 

8.3
No Force Majeure Event. There shall not have been any delay, error, failure or interruption in the conduct of the business
of the Company, or any loss, injury, delay, damage, distress, or other casualty, due to force majeure including but not limited
to (a) acts of God; (b) fire or explosion; (c) war, acts of terrorism or other civil unrest; or (d) national emergency.

 

8.4
Certificate of Officer. The Company will have delivered to the Acquiror Company, a certificate executed by an officer of
the Company on the Company’s behalf, certifying the satisfaction of the conditions specified in Sections 8.1 and 8.2, relating
to the Company.

 

8.5
Consents.

 

8.5.1
All material consents, waivers, approvals, authorizations or orders required to be obtained, and all filings required to be made,
by the Company for the authorization, execution and delivery of this Agreement and the consummation by them of the transactions
contemplated by this Agreement, shall have been obtained and made by the Company except where the failure to receive such consents,
waivers, approvals, authorizations or orders or to make such filings would not have a Material Adverse Effect on the Company or
the Acquiror Company.

 

8.6
Documents. The Company must deliver to the Acquiror Company and Principal at the Closing:

 

8.6.1
share certificates evidencing the Common Stock along with executed share transfer forms transferring such Common Stock to the
Acquiror Company together with a copy of a board/shareholder resolution of the Company approving the registration of the transfer
of such shares to Acquiror Company (subject to Closing and payment);

 

8.6.2
each of the Transaction Documents to which the Company is a party, duly executed;

 

8.6.3
an officer’s certificate executed by an officer of the Company on the Company’s behalf, certifying the number of issued
and outstanding shares of Big Token before and after the Closing; and,

 

8.6.4
such other documents as the Acquiror Company may reasonably request for the purpose of (A) evidencing the accuracy of any of the
representations and warranties of the Company pursuant to Section 8.1, (B) evidencing the performance of, or compliance by the
Company with, any covenant or obligation required to be performed or complied with by the Company (C) evidencing the satisfaction
of any condition referred to in this Section 8, or (D) otherwise facilitating the consummation or performance of any of the transactions
contemplated by this Agreement.

 

8.7
No Proceedings. There must not have been commenced or threatened against the Acquiror Company, the Company or against any
Affiliate thereof, any Proceeding (which Proceeding remains unresolved as of the Closing Date) (a) involving any challenge to,
or seeking damages or other relief in connection with, any of the transactions contemplated by this Agreement, or (b) that may
have the effect of preventing, delaying, making illegal, or otherwise interfering with any of the transactions contemplated by
this Agreement.

 

8.8
No Claim Regarding Stock Ownership or Consideration. There must not have been made or threatened by any Person, any claim
asserting that such Person (a) is the holder of, or has the right to acquire or to obtain beneficial ownership of the Common Stock
or any other stock, voting, equity, or ownership interest in, the Company, or (b) is entitled to all or any portion of the Acquiror
Company Shares.

    	 

     

    

 

 

SECTION
IX

CONDITIONS PRECEDENT OF THE COMPANY

 

The
Company’s obligation to transfer the Common Stock and the obligations of the Company to take the other actions required
to be taken by the Company in advance of or at the Closing Date are subject to the satisfaction, at or prior to the Closing Date,
of each of the following conditions (any of which may be waived by the Company in whole or in part):

 

9.1
Accuracy of Representations. The representations and warranties of the Acquiror Company and Principal set forth in this
Agreement or in any Schedule or certificate delivered pursuant hereto shall be true and correct in all material respects as of
the date of this Agreement except to the extent a representation or warranty is expressly limited by its terms to another date.

 

9.2
Performance by the Acquiror Company and Principal.

 

9.2.1
All of the covenants and obligations that the Acquiror Company and Principal are required to perform or to comply with pursuant
to this Agreement (considered collectively), and each of these covenants and obligations (considered individually), must have
been performed and complied with in all respects.

 

9.2.2
Each document required to be delivered by the Acquiror Company or Principal pursuant to this Agreement must have been delivered.

 

9.2.3
Acquiror Company and Principal will confirm that all of (i) the outstanding Convertible Notes have been converted into equity
securities of the Acquiror Company and (ii) all Common Stock Equivalents have been exercised, converted, or cancelled, prior to
the Closing.

 

9.2.4
Acquiror Company will have filed a preliminary and definitive information statement on Schedule 14C with the Commission and will
have mailed such information statement to the shareholders notifying the shareholders that the following actions have been approved
by written consent of the stockholders: (i) an amendment to the Articles of Incorporation of Acquiror Company to increase the
numbers of authorized shares of Acquiror Company Common Stock to one trillion (1,000,000,000,000); and (ii) authorize the Acquiror
Company Board to effect a reverse stock split at a ratio of not less than 1-for-100 and not more than 1-for-1,000,000, at the
discretion of the Acquiror Company Board at any time prior to the one (1) year anniversary of the written consent of the shareholders
approving such actions.

 

9.2.5
Acquiror Company and Principal will have filed an amendment to the Acquiror Company’s Articles of Incorporation increasing
the number of authorized shares of Acquiror Company Common Stock to one trillion (1,000,000,000,000) shares, which shall be effective
prior to the Closing Date. Acquiror Company and Principal will have filed an amendment to the Acquiror Company’s Articles
of Incorporation increasing the number of authorized shares of Acquiror Company Common Stock to one trillion (1,000,000,000,000)
shares, which shall be effective prior to the Closing Date.

 

    	 

     

    

 

9.2.6
Acquiror Company will have filed a Schedule 14F with the Commission disclosing a potential change in the majority of directors
of the Board of Acquiror Company.

 

9.2.7
Acquiror Company will have filed an amendment to the Acquiror Company’s Articles of Incorporation increasing the number
of authorized shares of Acquiror Company Common Stock to one trillion (1,000,000,000,000) shares, which shall be effective prior
to the Closing Date.

 

9.3
No Force Majeure Event. There shall not have been any delay, error, failure or interruption in the conduct of the business
of the Acquiror Company, or any loss, injury, delay, damage, distress, or other casualty, due to force majeure including but not
limited to (a) acts of God; (b) fire or explosion; (c) war, acts of terrorism or other civil unrest; or (d) national emergency.

 

9.4
Certificate of Officer. The Acquiror Company and Principal will have each delivered to the Company a certificate, dated
the Closing Date, executed by an officer of the Acquiror Company and the Principal, certifying the satisfaction of the conditions
specified in Sections 9.1 and 9.2, relating to the Acquiror Company.

 

9.5
Consents.

 

9.5.1
All material consents, waivers, approvals, authorizations or orders required to be obtained, and all filings required to be made,
by the Acquiror Company for the authorization, execution and delivery of this Agreement and the consummation by it of the transactions
contemplated by this Agreement, shall have been obtained and made by the Acquiror Company, except where the failure to receive
such consents, waivers, approvals, authorizations or orders or to make such filings would not have a Material Adverse Effect on
the Company or the Acquiror Company.

 

9.6
Documents. The Acquiror Company and Principal must have caused the following documents to be delivered to the Company:

 

9.6.1
Confirmation that the Certificates evidencing Acquiror Company Shares will be issued and the Acquiror Company Preferred Stock
will be transferred to the Company at Closing;

 

9.6.2
each of the Transaction Documents to which the Acquiror Company or Principal is a party, duly execute, and;

 

9.6.3
a statement from the Acquiror Company’s transfer agent regarding the number of issued and outstanding shares of common stock
immediately before and after the Closing; and,

 

    	 

     

    

 

9.7
No Proceedings. Since the date of this Agreement, there must not have been commenced or threatened against the Acquiror
Company, the Company or the Principal, or against any Affiliate thereof, any Proceeding (which Proceeding remains unresolved as
of the date of this Agreement) (a) involving any challenge to, or seeking damages or other relief in connection with, any of the
transactions contemplated hereby, or (b) that may have the effect of preventing, delaying, making illegal, or otherwise interfering
with any of the transactions contemplated hereby.

 

9.8
No Claim Regarding Stock Ownership or Consideration. There must not have been made or threatened by any Person asserting
that such Person (a) is the holder of, or has the right to acquire or to obtain beneficial ownership of the Acquiror Company Common
Stock or Acquiror Company Preferred Stock, or any other stock, voting, equity, or ownership interest in, the Acquiror Company
or (b) is entitled to all or any portion of the Acquiror Company Shares.

 

9.9
Board of Directors of Acquiror Company Post Closing. Effective as of the Closing Date, Acquiror Company Board shall have
appointed the following persons as members of the Acquiror Company Board and all members of the Acquiror Company Board prior to
the Closing Date will resign as of the Closing Date: (i) Malcolm CasSelle, (ii) Christopher Miglino, and (iii) Kristoffer Nelson.

 

9.10
Employment Agreement. Prior to the Closing Date, Malcolm CasSelle will provide confirmation to the Company that he has
entered into an employment agreement mutually acceptable to him and the Acquiror Company (the “Employment Agreement”).

 

SECTION
X

INDEMNIFICATION; REMEDIES

 

10.1
Survival. All representations, warranties, covenants, and obligations in this Agreement shall expire on the first day of
the three (3) year anniversary of the date this Agreement is executed (the “Survival Period”). The right to indemnification,
payment of damages or other remedy based on such representations, warranties, covenants, and obligations will not be affected
by any investigation conducted with respect to, or any knowledge acquired (or capable of being acquired) at any time, whether
before or after the execution and delivery of this Agreement, with respect to the accuracy or inaccuracy of or compliance with,
any such representation, warranty, covenant, or obligation. The waiver of any condition based on the accuracy of any representation
or warranty, or on the performance of or compliance with any covenant or obligation, will not affect the right to indemnification,
payment of damages, or other remedy based on such representations, warranties, covenants, and obligations.

 

10.2
Indemnification Obligations in favor of the Company. From and after the Closing Date until the expiration of the Survival
Period, the Acquiror Company and Principal shall reimburse and hold harmless the Company, the Company’s executive officers,
directors and employees in office immediately prior to the Closing and shareholders (each such person and his heirs, executors,
administrators, agents, successors and assigns is referred to herein as a “Company Indemnified Party”) against and
in respect of:

    	 

     

    

 

10.2.1
Any and all damages, losses, settlement payments, in respect of deficiencies, liabilities, costs, expenses and claims suffered,
sustained, incurred or required to be paid by any Company Indemnified Party, and any and all actions, suits, claims, or legal,
administrative, arbitration, governmental or other procedures or investigation against any Company Indemnified Party, which arises
or results from a third-party claim brought against a Company Indemnified Person to the extent based on (i) a breach of the representations
and warranties contained herein with respect to the business, operations or assets of the Acquiror Company of any or of the Acquiror
Company’s Subsidiaries, or (ii) the actions or omissions of any officer, director, shareholder, employee, or agent of the
Acquiror Company or any of the Acquiror Company’s Subsidiaries after the Closing; provided, however, that in the event of
a third-party claim brought against a Company Indemnified Person based upon subsection 10.2.1(ii), the Survival Period shall be
extended for an additional 12 months.

 

10.2.2
Any inaccuracy in or breach of any of the representations or warranties of the Acquiror Company or its Subsidiaries contained
in this Agreement, the other Transaction Documents or in any certificate or instrument delivered by or on behalf of the Acquiror
Company pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation or warranty
was made on and as of the Closing Date (except for representations and warranties that expressly relate to a specified date, the
inaccuracy in or such breach of which shall be determined with reference to such specified date);

 

10.2.3
Any breach or non-fulfillment of any covenant, agreement or obligation to be performed by the Acquiror Company pursuant to this
Agreement, the other Transaction Documents or any certificate or instrument delivered by or on behalf of the Acquiror Company
pursuant to this Agreement.

 

SECTION
XI

GENERAL PROVISIONS

 

11.1
Expenses. Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective
expenses incurred in connection with the preparation, execution, and performance of this Agreement and the transactions contemplated
by this Agreement, including all fees and expenses of agents, representatives, counsel, and accountants. In the event of termination
of this Agreement, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from
a breach of this Agreement by another party.

 

    	 

     

    

 

11.2
Notices. All notices, demands, consents, requests, instructions and other communications to be given or delivered or permitted
under or by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in
writing and shall be deemed to be delivered and received by the intended recipient as follows: (i) if personally delivered, on
the business day of such delivery (as evidenced by the receipt of the personal delivery service), (ii) if mailed certified or
registered mail return receipt requested, two (2) business days after being mailed, (iii) if delivered by overnight courier (with
all charges having been prepaid), on the business day of such delivery (as evidenced by the receipt of the overnight courier service
of recognized standing), or (iv) if delivered by facsimile transmission or electronic mail, on the business day of such delivery
if sent by 6:00 p.m. in the time zone of the recipient, or if sent after that time, on the next succeeding business day (as evidenced
by the printed confirmation of delivery generated by the sending party’s telecopier machine if by facsimile). If any notice,
demand, consent, request, instruction or other communication cannot be delivered because of a changed address of which no notice
was given (in accordance with this Section 11.2), or the refusal to accept same, the notice, demand, consent, request, instruction
or other communication shall be deemed received on the second business day the notice is sent (as evidenced by a sworn affidavit
of the sender). All such notices, demands, consents, requests, instructions and other communications will be sent to the following
addresses, email addresses, or facsimile numbers as applicable

 

	If
        to Acquiror Company:

        Force Protection Video Equipment Corp.

        103
        Iowa Lane

        Suite
        102

        Cary,
        NC 27511

        Email:
        paul@forceprovideo.com

        
	with
        a copy, which shall not constitute notice to:

        Eric
        P. Littman, P.A.

        7695
        SW 104th Street

        Suite
        210

        Miami,
        FL 33156

        Email:
        littmanlaw@gmail.com

	 	 
	If
        to the Company:

        SRAX,
        Inc.

        456
        Seaton St.

        Los
        Angeles, CA 90013.

        Facsimile No.:

        Email:

        Attention:
        CEO

        

        
	with
        a copy, which shall not constitute notice to:

        Silvestre
        Law Group, P.C.

        2629
        Townsgate Road #215

        Westlake
        Village, CA 91361

        Email:
        rsilvestre@silvestrelaw.com

 

11.3
Arbitration. Any dispute or controversy under this Agreement (including any related to indemnification under Section 10)
shall be settled exclusively by arbitration in the City of Los Angeles, County of Los Angeles in accordance with the rules of
the American Arbitration Association then in effect. Judgment may be entered on the arbitration award in any court having jurisdiction.

 

11.4
Further Assurances. The parties agree (a) to furnish upon request to each other such further information, (b) to execute
and deliver to each other such other documents, and (c) to do such other acts and things, all as the other party may reasonably
request for the purpose of carrying out the intent of this Agreement and the documents referred to in this Agreement.

 

11.5
Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure
nor any delay by any party in exercising any right, power, or privilege under this Agreement or the documents referred to in this
Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power,
or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right,
power, or privilege. To the maximum extent permitted by applicable law, (a) no claim or right arising out of this Agreement or
the documents referred to in this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of
the claim or right unless it is in writing signed by the other party; (b) no waiver that may be given by a party will be applicable
except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver
of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice
or demand as provided in this Agreement or the documents referred to in this Agreement.

 

    	 

     

    

 

11.6
Entire Agreement and Modification. This Agreement supersedes all prior agreements between the parties with respect to its
subject matter and constitutes (along with the documents referred to in this Agreement) a complete and exclusive statement of
the terms of the agreement between the parties with respect to its subject matter. This Agreement may not be amended except by
a written agreement executed by the party against whom the enforcement of such amendment is sought.

 

11.7
Assignments, Successors, and No Third-Party Rights. No party may assign any of its rights under this Agreement without
the prior consent of the other parties. Subject to the preceding sentence, this Agreement will apply to, be binding in all respects
upon, and inure to the benefit of and be enforceable by the respective successors and permitted assigns of the parties. Except
as set forth in Section 10, nothing expressed or referred to in this Agreement will be construed to give any Person other than
the parties to this Agreement any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision
of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the parties
to this Agreement and their successors and assigns.

 

11.8
Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction,
the other provisions of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable
only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

11.9
Section Headings, Construction. The headings of Sections in this Agreement are provided for convenience only and will not
affect its construction or interpretation. All references to “Section” or “Sections” refer to the corresponding
Section or Sections of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word “including” does not limit the preceding words
or terms.

 

11.10
Governing Law. This Agreement will be governed by the laws of the State of Florida without regard to conflicts of laws
principles.

 

11.11
Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original
copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

 

    	 

     

    

 

SIGNATURE
PAGE

 

IN
WITNESS WHEREOF, the parties have executed and delivered this Share Exchange Agreement as of the date first written above.

 

	Acquiror Company:	 	Principal:
	 	 	 	 	 
	Force Protection Video Equipment corp.	 	Paul Feldman
	 	 	 	 	 
	 	 	 	Signed:	 
	Signed:	 	 	Printed name:	Paul Feldman
	Printed name:	Paul Feldman	 	Title:	 
	Title:	President and CEO	 	 	 

  

	Company:	 	 
	 	 	 
	SRAX, Inc.	 	 
	 	 	 
	Signed:	 	 
	Printed name:	 	 
	Title:	 	 

 

    	 

     

    

 

DISCLOSURE
SCHEDULESExhibit 10.1

 

AGREEMENT FOR THE

PURCHASE AND SALE OF PREFERRED STOCK

 

This Agreement for
the Purchase and Sale of Preferred Stock (hereinafter called the "Agreement") is made and entered into by and
between Sovana Cayman Islands, a Cayman Islands exempted company (hereinafter called the "Seller"), and Retractable
Technologies, Inc., a Texas corporation (hereinafter called the "Purchaser"), effective as of August 31, 2020
(hereinafter called the "Effective Date"). The Seller and the Purchaser are hereinafter collectively called the
 "Parties". All amounts herein denoted by ($) are in United States dollars.

 

W I T N E S S E T H:

 

WHEREAS, the Seller
owns Three Hundred Thousand (300,000) shares of the Series IV Class B Convertible Preferred Stock (hereinafter called the "Preferred
Stock") of the Purchaser; and

 

WHEREAS, the term "Preferred
Stock" shall mean and include all of the Seller's right, title, and interest in and to the Preferred Stock and the associated
rights of such Preferred Stock, including, but not limited to, all dividends in arrears; and

 

WHEREAS, the Seller
has agreed to sell, assign, transfer, and convey the Preferred Stock to the Purchaser and the Purchaser has agreed to purchase
the Preferred Stock from the Seller on the terms that are hereinafter set forth;

 

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

 

(1)          RECITALS.
The foregoing recitals are true, correct, and complete and constitute the basis for this Agreement and they are incorporated into
this Agreement for all purposes.

 

(2)          PURCHASE PRICE. The purchase price (less any applicable withholding taxes) to be paid by the Purchaser to the Seller
for the Preferred Stock shall be:

 

		(A)	Three Million Dollars ($3,000,000.00) which the Purchaser hereby undertakes
to pay to the Seller in three installments of One Million Dollars ($1,000,000.00) on February 28, 2021, February 28, 2022, and
February 28, 2023;

 

		(B)	Six Hundred Thousand (600,000) shares of Common Stock of the Purchaser issuable
in accordance with Section 5 hereof.

 

The amounts set forth
in this Section 2 shall collectively hereinafter be called the "Purchase Price".

 

    

     

    

 

Any late portion of
an installment payment referred to under Section 2(A) above shall bear interest, starting on the due date of the payment and continuing
until the delinquent amount is paid, at a rate equal to seven percent (7.0%) per annum, accrued monthly, and payable by the Purchaser
to the Seller at the time of the payment of the delinquent installment payment.

 

The Common Stock of
the Purchaser trades on the NYSE American LLC stock exchange and its stock price fluctuates (ticker: RVP). The Purchaser makes
no representations as to the value of the Common Stock on the date of delivery of such Common Stock or at any other time.

 

(3)          SELLER
WARRANTIES AND REPRESENTATIONS. The Seller warrants and represents to the Purchaser as follows:

 

		(A)	The Seller has full power and authority to tender, sell, assign, and transfer
the Preferred Stock and when the Preferred Stock is accepted by the Purchaser, the Purchaser will acquire good, marketable, and
unencumbered title thereto, free and clear of all liens, restrictions, charges, and encumbrances and the same will not be subject
to any adverse claim.

 

		(B)	The Seller is the registered owner of the Preferred Stock. The Seller is
the lawful owner in every respect, legal and equitable, direct and indirect, of the Preferred Stock. The undersigned is authorized
to execute this Agreement on behalf of and as the act of the Seller.

 

		(C)	The Seller will, upon request, execute and deliver any additional documents
deemed by the Purchaser to be necessary or desirable to complete the sale, assignment, and transfer of the Preferred Stock tendered
hereby.

 

		(D)	The Seller was given adequate time and information to consider this transaction.
No representative or agent of the Purchaser exerted pressure of any kind on the Seller to participate in this transaction.

 

		(E)	The Seller has knowledge and experience in financial and business matters
so that it is capable of evaluating the merits and risks of the transaction under this Agreement, and the Seller is well acquainted
with the operations of the Purchaser.

 

		(F)	The Seller has read and understands the information about the Purchaser which
has been publicly reported pursuant to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,
including, but not limited to, the Purchaser’s Form 10-K filed on March 30, 2020 and its latest publicly filed interim financial
statements on Form 10-Q filed on August 14, 2020, which are both available at the SEC’s website at www.sec.gov. The Seller
knows of no information about the Purchaser which should have been, but was not, publicly reported.

 

    

     

    

 

(4)          PURCHASER
WARRANTIES AND REPRESENTATIONS. The Purchaser warrants and represents to the Seller as follows:

 

		(A)	Purchaser has been duly organized and is legally existing and in good standing
under the laws of the State of Texas.

 

		(B)	Purchaser has all necessary Board authorization and authority as of the Effective
Date to enter into this Agreement and carry out its obligations, including its payment obligations hereunder. The undersigned is
authorized to execute this Agreement on behalf of and as the act of the Purchaser. By or before Closing, Purchaser shall have obtained
any necessary shareholder authorization, to the extent required by the NYSE American LLC.

 

		(C)	All shares of Common Stock to be issued by Purchaser pursuant to this Agreement
will be, when issued, duly authorized, validly issued, fully paid, and nonassessable. At Closing, the Seller will acquire good,
marketable, and unencumbered title to the Common Stock portion of the Purchase Price, free and clear of all liens, restrictions,
charges, and encumbrances and the same will not be subject to any adverse claim.

 

		(D)	The Purchaser will, upon request, execute and deliver any additional documents
deemed by the Seller to be necessary or desirable to complete the exchange of Preferred Stock for Common Stock pursuant to the
terms of this Agreement.

 

(5)          TRANSFER
OF THE PREFERRED STOCK. For and in consideration of the payment of the Purchase Price (less any applicable withholding taxes),
the Seller shall sell, assign, transfer, and convey all of the Seller's right, title, and interest in and to the Preferred Stock
to the Purchaser effective as of the Closing Date. This Agreement is not a redemption as defined by the Certificate of Designation
of the Preferred Stock, but is instead a privately negotiated agreement between the Parties. This transaction is not a tender
offer for the purposes of state and U.S. federal securities laws.

 

The Seller tenders
to the Purchaser the associated rights of such Preferred Stock, including, but not limited to, the conversion right, liquidation
preference, and all dividends in arrears. As of the Effective Date, the Seller’s dividends in arrears equal Six Million Ninety-One
Thousand Two Hundred Thirty-Two Dollars and Eighty-Eight Cents ($6,091,232.88)

 

    

     

    

 

(6)          CLOSING.

 

The closing of the
transaction contemplated by this Agreement is contingent on the submission and accurate completion of all deliverables noted in
this Agreement (i.e., preferred stock certificate, evidence of fiduciary authority as needed, documentation as may be required
by Section 3(C) of this Agreement, Form W-9 or W-8, as applicable) (together, the “Deliverables”). The “Closing”
or “Closing Date” as used in this Agreement shall be the date upon which:

 

		(A)	Seller shall have delivered to the Purchaser the Deliverables, and

 

		(B)	Purchaser shall have delivered to Seller Six Hundred Thousand (600,000) shares
(less any applicable withholding) of Common Stock of the Purchaser in accordance with this Agreement and any other documentation
reasonably necessary to complete the exchange which may be required by Section 4(D) of this Agreement; provided, however, that
the payment date of the cash portion of the Purchase Price is specifically excluded from the determination of the Closing Date.

 

The Closing Date shall
be evidenced by the date set forth on the Common Stock issued pursuant to this transaction and shall occur by or before December
1, 2020 (the “Long Stop Date”), unless this Agreement is earlier terminated or extended as provided in Sections 11
and 22 of this Agreement.

 

Prior to Closing, the
Seller shall deliver to Purchaser or its transfer agent, American Stock Transfer & Trust Company, Seller’s original Preferred
Stock certificate(s).

 

It is understood that
the method of delivery of the Preferred Stock share certificate(s) and all other required documents is at the option and risk of
the Seller and that the risk of loss of such Preferred Stock share certificate(s) and other documents shall pass only after the
Purchaser has actually received the share certificate(s). In all cases, sufficient time should be allowed to ensure timely delivery.
The Purchaser recommends delivery of the Preferred Stock certificate(s) and any other required documentation by overnight
carrier.

 

The delivery to Seller
of the Common Stock portion of the Purchase Price will occur following the Seller’s delivery of the Preferred Stock. The
new Common Stock will bear the name and address of the Seller as set forth on the Seller Signature Page attached hereto. Seller
shall specify whether it desires a physical certificate or book shares.

 

This is a one-time
offer.

 

(7)          FEDERAL INCOME TAXES. The U.S. federal income tax and any other tax consequences to the Seller of the sale, assignment,
transfer, and conveyance of the Preferred Stock shall be the sole responsibility and liability of the Seller.

 

The Purchaser urges
the Seller to consult its tax advisor to determine its particular local, state, federal, and foreign tax consequences of participating
in this transaction.

 

(8)          RESTRICTIONS ON TRANSFER OF COMMON STOCK. The Common Stock issued to the Seller as part of the Purchase Price will
be issued without trading restrictions.

 

    

     

    

 

(9)          MUTUAL RELEASE. Subject to the Closing having occurred, each Party, for itself, its officers, directors, managers,
employees, agents, owners, affiliates, and any legal representatives, successors, and assigns hereby fully, finally, and forever
releases and discharges the other Party and its shareholders, officers, directors, affiliates, agents, and employees and their
respective heirs, legal representatives, executors, administrators, successors, and assigns of and from any and all claims, actions,
and causes of action and damages of every kind, whether known or unknown, whether contingent or matured, relating in any manner
to the ownership or sale by the Seller of the Preferred Stock or the exchange of Common Stock for Preferred Stock contemplated
by this Agreement, provided that, for the avoidance of doubt, this Section 9 shall, under no circumstances, apply to (i) the Purchaser’s
payment obligations under Section 2(A); (ii) the Parties’ respective warranties and representations under Sections 3 and
4; and (iii) the enforcement of the Parties’ respective rights under this Agreement.

 

(10)        TIME OF THE ESSENCE. Time is of the essence in the performance of this Agreement.

 

(11)        CONDITIONS.

 

Closing shall not occur
and any Deliverables shall be returned to Seller and the transactions contemplated hereby shall not be effected if any of the following
conditions have occurred, unless they are, to the extent permitted, waived.

 

		(A)	Any action or proceeding instituted, threated or pending before or by any
court, governmental, regulatory or administrative agency or instrumentality, or by any other person, in connection with this Agreement,
that is, or is reasonably likely to be materially adverse to Purchaser’s business, operations, properties, condition, assets,
liabilities or prospects, or which would or would be reasonably likely to prohibit, prevent, restrict or delay consummation of
this Agreement;

 

		(B)	A proposed, enacted, entered, or issued order, statute, rule, regulation,
executive order, stay, decree, judgment or injunction that would or would be reasonably likely to prohibit, prevent, restrict or
delay consummation of this Agreement, or that is, or is reasonably likely to be, materially adverse to the Purchaser’s business,
operations, properties, condition, assets, liabilities or prospects;

 

		(C)	Any general suspension of, or limitation on prices for, trading in securities
in U.S. securities or financial markets, including the securities of the Purchaser;

 

		(D)	A tender or exchange offer for any or all of the Purchaser’s shares
of Common Stock, or any merger, acquisition, business combination or other similar transaction with or involving the Purchaser
that has been made, proposed or announced by any person or has been publicly disclosed; or

 

    

     

    

 

		(E)	A Shareholder vote is undertaken by the Purchaser and such shareholder vote
does not pass with the requisite percentage vote required by applicable law or the NYSE American LLC.

 

Closing shall be delayed
until Purchaser shall have obtained confirmation that the Common Stock portion of the Purchase Price has been duly listed with
the NYSE American LLC or if the stock exchange listing Purchaser’s Common Stock requires Purchaser to undertake a shareholder
vote prior to effecting the transaction contemplated hereby. If Closing is delayed, the first cash installment payment of the Purchase
Price shall be likewise delayed until Closing occurs.

 

(12)        ENTIRE
AGREEMENT. This Agreement, along with any exhibits hereto, supersedes any and all other understandings and agreements, either
oral or in writing, between the Parties with respect to the sale, assignment, transfer, and conveyance of the Preferred Stock
and constitutes the sole and only agreement between the Parties with respect to the sale, assignment, transfer, and conveyance
of the Preferred Stock. Each Party to this Agreement acknowledges that no representations, inducements, promises or agreements,
orally or otherwise, have been made by any Party or by anyone acting on behalf of any Party with respect to the sale, assignment,
transfer, and conveyance of the Preferred Stock, which are not embodied in this Agreement and that no agreement, statement or
promise with respect to the sale, assignment, transfer, and conveyance of the Preferred Stock that is not contained in this Agreement
shall be valid or binding or of any force or effect.

 

(13)        MODIFICATION AND ASSIGNMENT. No change or modification of this Agreement shall be valid or binding upon the Parties
unless the change or modification is in writing and signed by the Parties. This Agreement may not be assigned by either Party.

 

(14)        HEADINGS. The headings used in this Agreement are used for reference and convenience purposes only and do not constitute
substantive matters to be considered in construing the terms and provisions of this Agreement.

 

(15)        TEXAS LAW TO APPLY. THIS AGREEMENT SHALL BE GOVERNED BY, CONSTRUED, AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF TEXAS (EXCLUDING ANY CONFLICTS-OF-LAW RULE OR PRINCIPLE OF TEXAS LAW THAT MIGHT REFER THE GOVERNANCE, CONSTRUCTION OR
INTERPRETATION OF THIS AGREEMENT TO THE LAWS OF ANOTHER STATE).

 

(16)        LEGAL CONSTRUCTION. In the event that any one or more of the provisions contained in this Agreement shall be held
by a Court of competent jurisdiction to be invalid, illegal or unenforceable in any respect for any reason, the invalid, illegal
or unenforceable provision shall not affect any other provision of this Agreement and this Agreement shall be construed as if the
invalid, illegal or unenforceable provision had never been contained herein.

 

The Parties acknowledge
that each Party and its counsel have reviewed this Agreement and that the normal rule of construction to the effect that any ambiguities
are to be resolved against the drafting Party shall not be employed in the interpretation of this Agreement.

 

    

     

    

 

No provision of this
Agreement shall be deemed to have been waived by either party unless the waiver is in writing and signed by the Parties.

 

(17)        NOTICE. Any notice that is required or permitted to be given or delivered hereunder shall be deemed to be given or
delivered only when actually received by the Party to whom the notice is addressed or when actually delivered to the address of
that Party, as evidenced by a receipt signed by a person at the appropriate address, at the addresses set forth below, or at any
other addresses that they have theretofore specified by written notice delivered in accordance herewith:

 

		(A)	Notice to the Seller shall be delivered to the address set forth on Seller’s
Signature Page hereto.

 

		(B)	Notice to the Purchaser shall be delivered as follows:

 

	 	 	Mr. John W. Fort III
	 	 	Vice President and Chief Financial Officer
	 	 	Retractable Technologies, Inc.
	 	 	511 Lobo Lane
	 	 	Little Elm, TX 75068
	 	 	 
	 	 	(888) 806-2626 (toll free) or (972) 294-1010

 

Rejection or other
refusal to accept or the inability to deliver because of changed address of which no notice was actually received shall be deemed
to be receipt of the notice.

 

(18)        JURISDICTION. Any legal suit, action, or proceeding arising
out of or related to this Agreement or the matters contemplated hereunder shall be instituted in the federal courts of the United
States located in the Northern District of Texas and each Party irrevocably submits to the jurisdiction of such courts in any such
suit, action, or proceeding and waives any objection based on improper venue or
forum non conveniens. 

 

(19)        PARTIES BOUND. The terms, provisions, warranties, representations, covenants, and agreements that are contained in
this Agreement shall apply to, be binding upon, and inure to the benefit of the Parties and their respective heirs, executors,
administrators, legal representatives, successors, and permitted assigns.

 

(20)        EXEMPTION FROM REGISTRATION. The Purchaser is relying on Section 3(a)(9) of the Securities Act of 1933, as amended
(the “Securities Act”) to exempt this transaction from the registration requirements of the Securities Act.
The Purchaser is also relying on Section 18(b)(1)(A) of the Securities Act to exempt this transaction from the registration and
qualification requirements of state securities laws. The Purchaser has no contract, arrangement or understanding relating to the
payment of, and will not, directly or indirectly, pay any commission or other remuneration to any broker, dealer, salesperson,
agent or other person for soliciting this transaction. No person is engaged or authorized to express any statement, opinion, recommendation
or judgment with respect to the relative merits and risks of this transaction. The officers, directors, and employees of the Purchaser
may facilitate this transaction and will answer inquiries, but they will not receive additional compensation for doing so.

 

    

     

    

 

NEITHER THE SECURITIES AND EXCHANGE
COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THIS TRANSACTION OR PASSED UPON THE FAIRNESS OR MERITS
OF THIS TRANSACTION OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.

 

(21)        OTHER INSTRUMENTS. The Parties covenant and agree that they will execute such other and further instruments and documents
as are or may become necessary or convenient to effectuate and carry out the obligations and agreements of the Parties that are
set forth in this Agreement.

 

(22)        TERMINATION.

 

		(A)	This Agreement shall be automatically terminated if the Deliverables have
not been delivered to Purchaser by the Long Stop Date.

 

		(B)	Notwithstanding anything to the contrary herein, beginning on December 1,
2020, Seller shall have the right to terminate this Agreement immediately on written notice to Purchaser if Closing has not occurred
by such date. This right to terminate has no expiration date, provided that it must be exercised prior to Closing. The termination
of this Agreement shall not prejudice the Seller's rights to the Preferred Stock and the Seller shall remain entitled to all dividends
accrued in respect of the Preferred Stock from the date such Preferred Stock was acquired.

 

		(C)	Upon the termination of this Agreement, the Purchaser shall promptly, and
in no event later than five (5) business days from the termination date, return to the Seller all the Deliverables (including without
limitation the Preferred Stock certificates) provided by the Seller to the Purchaser pursuant to Section 6.

 

(23)        COUNTERPARTS. This Agreement may be executed in two counterparts, as if the signatures to each counterpart were upon
a single instrument, and both such counterparts together shall be deemed an original of this Agreement. Facsimile signatures or
signatures received as a pdf attachment to electronic mail shall be treated as original signatures for all purposes of this Agreement,
except where original documents or original signatures are herein specified.

  

    

     

    

 

IN WITNESS WHEREOF,
the Purchaser has executed this Agreement for the Purchase and Sale of Preferred Stock effective as of the Effective Date.

 

	 	RETRACTABLE TECHNOLOGIES,
    INC. PURCHASER
	 	 	 
	 	 	 
	 	BY: 	/s/ Thomas J. Shaw
	 	 	Thomas J. Shaw
	 	 	President and Chief Executive Officer

 

    

     

    

 

SELLER SIGNATURE PAGE

 

Please note that
your signature must correspond with the name on the face of the Preferred Stock share certificate(s) without alteration. It may
be necessary to copy and submit as many Seller Signature Pages as there are different registrations of the Preferred Stock. If
this Seller Signature Page is signed by persons acting in a fiduciary or representative capacity, such persons should so indicate
when signing, and proper evidence of their authority to so act must be submitted to the Purchaser.

 

IN WITNESS WHEREOF,
the Seller has executed this Agreement for the Purchase and Sale of Preferred Stock effective as of the Effective Date.

 

	Name on Face of Preferred Stock Certificate:	Sovana Cayman Islands
	SELLER	*Any listing of stock in the name 
	 	“Sonvana Cayman Islands” was the 
	 	result of typographical error

 

	By (Sign Name): 	/s/
    Yazeed AlJammaz	 
	 	 	 
	Print Name:	Yazeed AlJammaz	 

 

	Title (if applicable):	PoA	 
	 	 	 
	Address:	[redacted]	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Telephone Number: 	[redacted]	 

 

	Tax Identification or Social Security Number: 	[redacted]

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