Document:

Exhibit
10.1

 

PURCHASE
AND SALE AGREEMENT

 

THIS
PURCHASE AND SALE AGREEMENT (this “Agreement”) is entered into as of June 27, 2022, by and between Ridgefield Pioneer Village
LLC, a Washington limited liability company (“Seller”), and VH Pioneer Village, LLC a Delaware limited liability company
(“Purchaser”). The effective date (the “Effective Date”) of this Agreement is the date on which this Agreement
has been executed by the last party.

 

RECITALS

 

A.
Seller owns that certain improved real property in Clark County, Washington, which is described more particularly on the attached and
incorporated Exhibit A, and which is located at 4318 S Settler Dr, Ridgefield, WA 98642.

 

B.
Purchaser wishes to purchase such real property from Seller and Seller is willing to sell such property to Purchaser under the terms
and conditions contained in this Agreement.

 

NOW,
THEREFORE, the parties covenant and agree as follows:

 

1.
Purchase and Sale. Seller agrees to sell and Purchaser agrees to purchase the following (collectively referred to as the “Property”):
the real property (the “Real Property”) described on the attached and incorporated Exhibit A together with all personal
property located thereon and used in the operation thereof, and improvements on and appurtenances to such property (the “Improvements”),
including without limitation any appurtenant privileges, easements, development, subdivision and other rights, permits, applications
and licenses, air and water rights, easements or rights-of- way benefiting such property, and Seller’s rights and interests in
leases, licenses and other agreements relating to the Real Property or the Improvements existing as of the closing date which are approved
by Purchaser pursuant to the terms of this Agreement.

 

2.
Earnest Money. Within three (3) business days after the expiration of the Contingency Period referenced in Section 7.1, Purchaser
shall deposit with the Vancouver office of Fidelity National Title Company of Washington, Inc., attention: Melissa Miller, 655 W. Columbia
Way, Suite 200, Vancouver, Washington 98660, Melissa.Miller@fnf.com (“Escrow Agent”) the sum of Five Hundred Thousand
and No/100 Dollars (U.S.$500,000.00) in cash, which shall serve as Purchaser’s earnest money deposit (together with the interest
accrued thereon, herein referred to as the “Earnest Money”) and the Earnest Money shall be held by Escrow Agent in an interest
bearing account and shall be retained by Seller or returned to Purchaser according to the terms of this Agreement. If the Earnest Money
is not deposited by Purchaser within six (6) business days after the Effective Date, Seller shall have, at its sole option and discretion
and for so long as the Earnest Money has not been deposited, the right to terminate this Agreement as its sole and exclusive remedy,
and neither party shall have any further liability to the other hereunder.

 

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3.
Title. Title to the Property at closing shall be free of any encumbrances or defects except for the Permitted Exceptions. If there
is any defect in title which can be remedied by the payment of money (for example, payment of a lien or mortgage), then such defect shall
be remedied by paying the same at closing out of the proceeds otherwise due to Seller.

 

4.
Purchase Price. The purchase price for the Property payable to Seller by Purchaser (including the Earnest Money) is Three Million
and No/100 Dollars (U.S.$3,000,000.00) (the “Purchase Price”), which shall be paid in cash at closing and all of which shall
be allocated to the Real Property and Improvements.

 

5.
Title Insurance and Survey.

 

5.1
Within five (5) business days after the Effective Date, Seller shall provide to Purchaser, at its Seller’s cost and expense: (i)
a preliminary commitment for ALTA standard or extended (at Purchaser’s option) coverage title insurance (the “Commitment”)
showing marketable title to the Real Property in Seller issued by Stewart Title Guaranty Company (the “Title Company”), together
with correct, complete and legible copies of all recorded instruments referenced in the Commitment as conditions or exceptions to title
to the Real Property, including liens; and (ii) any and all existing surveys of the Property (together with any and all surveys obtained
by Purchaser at its sole option and expense, collectively referred to as the “Survey”).

 

5.2
Within fifteen (15) days of Purchaser’s receipt of the Commitment, if Purchaser is not satisfied with the condition of title in
its sole discretion, Purchaser shall be entitled (i) to terminate this Agreement, or (ii) to object to any of the exceptions to title
or any other condition appearing in the Commitment, and to condition its acquisition of the Property upon the release, discharge or removal
of said objected matters from the Title Policy. If Purchaser fails to give written notice waiving objections regarding the Commitment
prior to the end of such 15-day period, Purchaser shall be deemed to have elected to terminate this Agreement. If Purchaser makes any
such objections regarding the Commitment, Seller shall notify Purchaser in writing, within ten (10) days after Purchaser’s objection
notice, whether or not Seller shall cure such objected matters prior to closing. In the event Seller elects not to cure all of the objected
matters at or prior to closing (which shall be deemed to be the case where no notice is given by Seller), Purchaser, within ten (10)
days after Seller’s election, may elect to waive such objected matters which Seller declines to cure or to terminate this Agreement.
Purchaser’s failure to make such an election shall be deemed to be Purchaser’s election to terminate this Agreement. In the
event Purchaser elects to terminate this Agreement, the Earnest Money shall be returned to Purchaser and any and all rights or obligations
of Seller and Purchaser under this Agreement (except those which expressly survive the termination hereof) shall terminate and be of
no further force or effect. The foregoing notwithstanding, Seller agrees that except for the liens for any taxes and any special assessments
which are not delinquent on the closing date or liens caused or created by Purchaser, Seller shall cause all monetary liens against the
Property which are not accepted or to be assumed by Purchaser to be released of record or affirmatively insured against by the closing
date.

 

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5.3
Seller shall deliver to Purchaser as soon after the closing date as practical an ALTA standard or extended (at Purchaser’s election)
form owner’s coverage policy of title insurance (the “Title Policy”) issued by the Title Company in the full amount
of the Purchase Price containing no exceptions except for the Permitted Exceptions and the standard or extended (as applicable) coverage
form printed exceptions approved by Purchaser. At closing, Seller shall cause the Title Company to confirm that it is prepared to issue
the Title Policy subject only to the Permitted Exceptions and the standard or extended (as applicable) coverage form printed exceptions
approved by Purchaser.

 

6.
Conveyance of Title. At closing, Seller shall deliver to Purchaser a good and sufficient statutory warranty deed to the Real Property
subject only to the following (the “Permitted Exceptions”):

 

6.1
the lien of real estate taxes for the current year not yet due and payable; and

 

6.2
encumbrances or defects appearing in the Commitment approved or not objected to by Purchaser under Section 5 of this
Agreement.

 

7.
Contingency Period.

 

7.1
Purchaser shall have until not later than the end of business on the date that is fourteen (14) days after the Effective Date to investigate
and determine, in Purchaser’s sole judgment, the suitability of the Property for Purchaser’s intended use (the “Contingency
Period”), including the physical condition of the Property, land use limitation applicable to the Property and issues related to
the current tenant of the Property.

 

7.2
Within five (5) days after the Effective Date, Seller shall provide to Purchaser true, correct and complete copies or originals of all
information which Seller may have in its possession or under its control, or which may be available to Seller, related to the Property,
including without limitation:

 

(a)
permits, licenses, permit applications and/or studies related to the Property, and notices (including without limitation Environmental
Notices) issued by governmental agencies relating to zoning, environmental, wetland and any other matters relating to the Property;

 

(b)
leases, maintenance, management, security, service, supply, and similar contracts and agreements affecting the Property;

 

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(c)
tax bills and statements, insurance policies (including hazard insurance) covering the Property and any other documents and records available
and which are normally maintained in the operation of the Property;

 

(d)
itemized list of all personal property constituting part of the Property (including fixtures and equipment);

 

(e)
copies of architectural, mechanical, electrical, plumbing, drainage, construction, and similar plans, permits, specifications and blueprints
relating to the Property;

 

(f)
acquisition and/or environmental and/or inspection report and appraisals relating to the Property which has been prepared by, or on behalf
of, Seller;

 

(g)
construction, architectural, and engineering contracts and agreements; and

 

(h)
warranties covering any portion of the Property.

 

Purchaser
acknowledges that Seller shall be under no obligation to create any additional data or documentation or obtain any reports for Purchaser.

 

7.3
During the Contingency Period and thereafter until closing or the termination of this Agreement, Purchaser shall have unrestricted access
to the Property, either personally or by its agents, to inspect and conduct invasive and other testing of the Property; provided, however,
for any space which is then occupied by a tenant, Purchaser shall make appropriate arrangements with Seller as to the time and duration
of Purchaser’s inspections and Purchaser shall make reasonable efforts needed to protect the tenant’s property and to avoid
unnecessarily and unreasonably disturbing the tenant. Purchaser shall restore any damages to the Property resulting from its activities
thereon if this Agreement is terminated. Purchaser shall protect, defend, indemnify and hold Seller harmless from and against any loss,
cost, liability or expense caused by Purchaser’s presence or activities on the Property, including without limitation any mechanics’
or materialmen’s liens. Purchaser’s obligations under this Section 7.3 to pay its own investigative costs, restore the Property
and indemnify Seller from and against the same shall survive for a period of one (1) year following the termination of this Agreement
or the closing date, as applicable.

 

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7.4
During the Contingency Period, Purchaser shall have the unrestricted right to (i) terminate this Agreement upon written notice to Seller
for any or no reason whatsoever and to have the Earnest Money returned to it; (ii) to object to any of the conditions related to the
Property (including without limitation matters disclosed by the Survey), and to condition its acquisition of the Property upon Seller’s
remedy or removal of such objected condition; or (iii) to proceed with its acquisition of the Property without any condition. If Purchaser
fails to give such notice prior to the end of the Contingency Period, Purchaser shall be deemed to have elected to terminate this Agreement.
If Purchaser makes any such objections regarding the condition of the Property (including without limitation matters disclosed by the
Survey), Seller shall notify Purchaser in writing, within ten (10) days after Purchaser’s objection notice, whether or not Seller
shall cure such objected matters at or prior to closing. In the event Seller elects not to cure all of the objected matters at or prior
to closing (which shall be deemed to be the case where no notice is given by Seller), Purchaser, within ten (10) days after Seller’s
election, may elect to waive such objected matters which Seller declines to cure or to terminate this Agreement. Purchaser’s failure
to make such an election shall be deemed to be Purchaser’s election to terminate this Agreement. In the event Purchaser elects
to terminate this Agreement, the Earnest Money shall be returned to Purchaser and any and all rights or obligations of Seller and Purchaser
under this Agreement (except those which expressly survive the termination hereof) shall terminate and be of no further force or effect.

 

7.5
Subject to Section 11 below, Purchaser shall not be obligated to perform its obligations hereunder, and may terminate this Agreement,
in the event that there occurs any material adverse change in the condition or operations of the Property between the expiration of the
Contingency Period and the closing. Following approval by Purchaser of the Property and agreements, permits and other documents and instruments
relating to the Property, Seller shall not make or permit any amendment or supplement thereto, without obtaining prior to such action
written approval from Purchaser, and shall operate and maintain the Property in the same condition until closing as on the Effective
Date.

 

8.
Seller’s Representations and Warranties. Seller represents and warrants to Purchaser that the following matters are true and
correct as of the Effective Date:

 

8.1
Power and Authority. Seller has the power and authority to enter into this Agreement and to consummate the transaction contemplated
by this Agreement; and all documents executed by Seller which are to be delivered to Purchaser at closing are duly authorized, executed
and delivered by Seller and constitute legal, valid and binding obligations of Seller enforceable against Seller according to their respective
terms.

 

8.2
Other Agreements. Seller’s execution, delivery and performance of the terms of this Agreement do not violate the provisions
of any agreement to which Seller is a party or by which it is bound.

 

8.3
Agreements and Liens. At closing there will be no outstanding leases, service and other contracts related to the Property other
than those approved by Purchaser pursuant to Section 7; and no persons will be employed in connection with the Property for whom Purchaser
will have any liability whatsoever after the closing. All plans and the permits relating to the Property and assigned to Purchaser at
closing shall have been fully paid for. There are no attachments, executions, or assignments for the benefit of creditors, or voluntary
proceedings in bankruptcy or under any other debtor relief laws contemplated by or pending or threatened by or against Seller or otherwise
affecting the Property. There shall be no liability on Seller’s part with respect to the Property, whether accrued, absolute, contingent
or otherwise, other than real estate taxes and assessments not yet due and payable, and other Permitted Exceptions. Seller has not created,
or permitted the creation of, any security interest or lien of any kind or nature including mechanics’ or materialmen’s liens,
against the Property, or any part thereof, which have not been satisfied or discharged prior to closing.

 

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8.4
Assessments. To the best of Seller’s knowledge, there are no pending or proposed special or general assessments against
the Real Property except as reflected in the Commitment.

 

8.5
Proceedings. There are no pending or, to the best of Seller’s knowledge, threatened legal proceedings or actions affecting
Seller, the Property or Seller’s interest in the Property. To the best of Seller’s knowledge, there are no unperformed obligations
which are currently due relative to the Property to any governmental or quasi-governmental body or authority.

 

8.6
Hazardous Materials. To the best of Seller’s knowledge based upon all information it has received previously and after due
investigation, and except as otherwise disclosed to Purchaser in writing pursuant to Section 7, the Real Property has not been used as
a sanitary landfill, petroleum processing or storage plant, gas station, dump, industrial waste disposal area or any other similar use;
does not contain underground tanks or any materials containing or producing polychlorinated biphenyls. Seller further represents and
warrants that, to the best of its knowledge based upon all information it has received previously and after due investigation, and except
as otherwise disclosed to Purchaser pursuant to Section 7, (i) the Property does not contain any Hazardous Substances, nor are there
any Hazardous Substances on, in or below the ground surface of the Real Property, (ii) the Property has not been used to store, generate,
handle, treat or dispose of any Hazardous Substances, (iii) Seller has not received any Environmental Notices relating to any part of
the Property, and (iv) the Property does not contain any (a) electrical transformers or other equipment containing polychlorinated biphenyl
in excess of 50 parts per million, (b) asbestos in any form, and (c) urea formaldehyde foam insulation. For purposes of this Agreement,
“Environmental Notice” means any complaint, order, or other notice with regard to Hazardous Substances issued by any governmental
entity or any other party with respect to the Property; and “Hazardous Substances” means any hazardous or toxic substance,
material or waste which is or becomes regulated by any local, state or federal governmental authority, including without limitation petroleum,
asbestos or asbestos- containing materials. The Real Property is not located in any flood plain or special flood hazard area as designated
by any governmental agency.

 

8.7 Condemnation.
There is not pending or, to Seller’s knowledge, threatened (i) any condemnation or similar proceedings with respect to the
Real Property or any part thereof, or (ii) any legal action of any kind or nature affecting the Property or enjoining or restricting
the right of the Seller to convey its interest in any part or all of the Property.

 

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8.8
Compliance with Laws. Seller has received no notice from any governmental authority that the Property, or any part thereof, is
in violation of any applicable federal, state, or local laws, ordinances, regulations, statutes, or governmental rules; and Seller has
no actual knowledge that the Property or any portions thereof materially conflict with any building, zoning, or other applicable federal,
state or local law, ordinance, regulation, statute, rule, or restriction, or any judgment, order, or decree of any court having jurisdiction
over the Seller or the Property or any legally enforceable private agreement. To the best of Seller’s knowledge, there are no licenses,
permits or other approvals required for the previous construction or existing operation of the Improvements that have not been issued
or are not in good standing. All major systems and structural aspects of the Property, including without limitation HVAC, electrical
and plumbing systems, roof and its supporting members, the foundation, exterior walls and ceiling, are in good condition and repair.

 

9.
Survival of Representations.

 

9.1
The representations and warranties made by Seller in Section 8 shall be deemed remade by Seller as of closing with the same force and
effect as if in fact made at that time and shall survive closing; provided, however, that prior to closing, Seller may give written notice
of new occurrences, developments or information which do not otherwise constitute defaults under this Agreement but which render any
such warranties and representations materially inaccurate and, if Seller does so, Purchaser either may terminate this Agreement, in which
event the Earnest Money shall be refunded to Purchaser, or may proceed to closing.

 

9.2
Seller hereby agrees to indemnify and hold Purchaser harmless from: (a) any damage or deficiency due to breach of warranty, misrepresentation
or nonfulfillment of any agreement on the part of Seller under this Agreement; (b) any and all liabilities or claims, whether accrued,
absolute, contingent or otherwise, arising in respect of the Property which relate to any period prior to the closing, whether any such
liabilities or claims have been asserted prior to or after the closing; and (c) all actions, suits, proceedings, demands, assessments,
judgments, costs and expenses connected with the foregoing, including reasonable attorneys’ fees. The foregoing indemnification
obligation of Seller shall survive the closing.

 

10.
Purchaser’s Representations. Purchaser represents, warrants and covenants to Seller as follows:

 

10.1
Purchaser’s Existence and Authority. Purchaser is a validly existing and duly organized non-profit corporation under the
laws of the State of Washington and has the full right and authority to conduct its business under the laws of the State of Washington.

 

10.2
No Third Party Consents. The execution of this Agreement by Purchaser and Purchaser’s performance of all of its obligations
hereunder are not subject to any approval or consent of any person, board, committee or third party, which has not been obtained prior
to the closing date.

 

10.3
No Breach of Agreements. This Agreement does not breach or violate any term or provision of any other agreement or contract to
which Purchaser is a party.

 

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11.
Risk of Loss and Eminent Domain.

 

11.1
Risk of Loss. Risk of loss of or damage to the Property shall be borne by Seller until the date of closing. Seller shall continue
to maintain its current casualty and liability insurance policies on the Property through the closing date. In the event of material
loss of or damage to all or any portion of the Property prior to closing, Purchaser may elect to terminate this Agreement and the Earnest
Money shall be refunded to Purchaser; provided, however, that Purchaser shall not terminate this Agreement if Seller agrees in writing
to restore the Property substantially to the condition in which it existed on the Effective Date and before such loss or damage by the
date of closing. Unless this Agreement is so terminated, it shall remain in full force and effect and Seller shall assign, transfer and
set over to Purchaser all Seller’s right, title and interest in and to any insurance proceeds and other compensation that Seller
has received or may receive or be entitled to receive for such loss or damage.

 

11.2
Eminent Domain. If title to all or any part of the Property is taken by eminent domain at any time before closing, Purchaser,
by written notice to Seller, may elect to terminate this Agreement prior to closing by delivering to Seller written notice of its election
to terminate. In the event Purchaser so elects to terminate this Agreement, both parties shall be relieved and released of and from any
further liability under this Agreement and Purchaser shall be entitled to a refund of all Earnest Money. Unless this Agreement is so
terminated, it shall remain in full force and effect and Seller shall assign, transfer and set over to Purchaser all of Seller’s
right, title and interest in and to any awards that has been made or may be made for such taking.

 

12.
Possession. Purchaser shall be entitled to exclusive possession of the Property on closing, free of any tenants or occupants.

 

13.
Closing.

 

13.1
The sale shall be closed in escrow in the office of Escrow Agent or at such other place mutually acceptable to Purchaser and Seller,
on or before July 15, 2022 (the “Closing Date”). Either party may extend the closing date for up to ten (10) days for reasons
beyond the requesting party’s reasonable control, such as, without limitation, transportation delays, illness or the unavailability
of Escrow Agent or counsel. Escrow Agent shall be designated the “reporting person” for the sale and purchase hereunder pursuant
to Section 6045(e) of the Internal Revenue Code of 1986, as amended.

 

13.2
Purchaser and Seller shall deposit in escrow with Escrow Agent, on or before the closing date, all instruments and monies necessary to
complete the sale according to the terms of this Agreement. In addition, Seller shall deposit with Escrow Agent instruments in form and
content reasonably acceptable to Purchaser under which, at Purchaser’s option, (i) Seller assigns to Purchaser all plans, permits,
licenses, and warranties relating to the Property, which instruments shall contain a certification by Seller that each architect and/or
engineer retained by Seller has been fully paid for all services rendered in connection with such plans, the permits and the Property
through the date of closing; (ii) Seller assigns contracts and agreements relating to the Property which Purchaser approved in writing
during the Contingency Period; and (iii) Seller conveys its interest in the personal property constituting the Property to Purchaser.

 

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13.3
In addition to the foregoing, Seller shall deliver to Purchaser at closing all architectural, mechanical, electrical, plumbing, drainage,
and similar plans, specifications, and blueprints possessed by Seller relating to or used in the construction of the improvements on
the Real Property; all keys to the improvements or any part thereof; and all permits (to the extent available and in Seller’s possession
or control) issued by governmental authorities and utilities at the time the improvements were constructed, including, but not limited
to, evidence of compliance with zoning ordinances, certificates of occupancy, and similar permits.

 

13.4
Seller’s obligation to close the transactions hereunder is subject to the satisfaction of each of the following conditions: Purchaser’s
fulfillment of each of its obligations under this Agreement in all material respects; and the continuing accuracy of all of Purchaser’s
warranties and representations in this Agreement in all material respects. Purchaser’s obligation to close the transactions hereunder
is subject to the satisfaction of each of the following conditions: Seller’s fulfillment of each of its obligations under this
Agreement in all material respects; Purchaser’s receipt of all of Seller’s certificates referred to in this Agreement and
the continuing accuracy of all of Seller’s warranties and representations in this Agreement in all material respects; the absence
of any monetary lien or other material defect in title to the Property which was not permitted by this Agreement or approved or deemed
approved by Purchaser as herein provided and which cannot be released of record or insured against at the expense of Seller; and the
absence of any change in any laws or statutes from those existing at the end of the Contingency Period which materially impairs Purchaser’s
ability to use the Property for Purchaser’s Intended Use. Notwithstanding any conflicting provision of this Agreement, if the transactions
contemplated under this Agreement are not consummated on or before the Closing Date and such failure to close is not a result of Purchaser’s
breach of its obligations hereunder, Purchaser shall have the right to terminate this Agreement upon delivery of written notice to Seller.
Upon such termination as described aforesaid, the Earnest Money shall be refunded to Purchaser and the parties shall not have any further
obligations under this Agreement except such obligations that expressly survive termination of this Agreement.

 

14.
Closing Affidavit. Seller shall deliver to Purchaser on the date of closing an affidavit stating that, as of the date of closing,
there are no outstanding unsatisfied judgments, tax liens or bankruptcies against or involving Seller or the Property; there have been
no labor or materials furnished to the Property for which mechanic’s or other liens could be filed; there are no unrecorded leases,
contracts, easements or other unrecorded interests of any kind related to the Property (other than the Permitted Exceptions); and there
are no contracts or agreements of any nature whatsoever relating to the use or possession of the Property which Purchaser has not approved
pursuant to Section 7 hereof.

 

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15.
FIRPTA. Seller shall deliver to Purchaser at or prior to closing a certificate duly executed by Seller certifying that it is not
a foreign person for purposes of Section 1445 of the Internal Revenue Code of 1986, as amended.

 

16.
Proration of Taxes, Etc. Taxes for the current year, water and other utilities constituting liens shall be prorated as of closing.
Seller shall attempt to have utility meters read as of the closing date. All final special assessments which are levied and due and payable
before and applicable to periods prior to closing shall be paid in full by Seller at or before closing. All final special assessments
which are levied and due and payable after closing shall be paid by Purchaser. Seller and Purchaser agree that, to the extent items are
prorated or adjusted at closing on the basis of estimates, or are not prorated or adjusted at closing pending actual receipt of funds
or compilation of information upon which such prorations or adjustments are to be based, each of them will, upon a proper accounting,
pay to the other such amounts as may be necessary such that Seller will receive the benefit of all income and will pay all expenses of
the Property prior to the closing date and Purchaser will receive all income and will pay all expenses of the Property after the closing
date.

 

17.
Closing Costs. Seller shall pay the premium for the standard coverage portion of the Title Policy in the full amount of the Purchase
Price, real estate excise and other applicable taxes on the conveyance of the Property, and one-half of Escrow Agent’s escrow fee.
Purchaser shall pay the cost of recording the deed for conveyance of the Property, one-half of Escrow Agent’s escrow fee, and ,
if Purchaser elects to obtain an extended title policy, extended coverage portion of the Title Policy and the cost of obtaining any and
all surveys required by the Title Company for its issuance of an extended Title Policy (provided, however, if Seller has such survey
in its possession or available to Seller at any time prior to closing, Seller shall provide such survey to Purchaser at no cost to Purchaser).
All other expenses incurred by Seller or Purchaser with respect to the closing, including, but not limited to, attorneys’ fees
of Purchaser and Seller, shall be borne and paid exclusively by the party incurring same, without reimbursement, except to the extent
otherwise specifically provided herein.

 

18.
Default.

 

18.1
Seller’s Default. In the event Seller defaults in the performance of any of its obligations under this Agreement and such
default is not cured within ten (10) days after Seller receives notice of such default, Purchaser shall have all rights and remedies
available at law or in equity, including without limitation the right to require Seller to perform this Agreement specifically, terminate
this Agreement by written notice delivered to Seller and receive the refund of the Earnest Money, and/or bring suit for damages.

 

18.2
Purchaser’s Default. If title to the Property is insurable as provided herein and Seller is prepared to perform all of its
obligations hereunder on the Closing Date, but Purchaser fails to purchase the Property in the manner provided herein, and if Purchaser
fails to cure such default within ten (10) days after Purchaser receives notice of such default, then Seller shall terminate this Agreement
and shall be entitled to receive the Earnest Money as liquidated damages and not as a penalty, as Seller’s sole and exclusive remedy
hereunder; provided, however, in any event in which the Earnest Money exceeds five percent (5%) of the total Purchase Price under this
Agreement or any amendment hereto, the difference represented by such excess shall be returned to Purchaser upon Seller’s exercise
of such remedy.

 

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18.3
Legal Action. In the event any action or proceeding is brought by either party against the other related to this Agreement, the
substantially prevailing party shall be entitled to recover from the other party its costs, including but not limited to reasonable attorneys’
fees, incurred in such action or proceeding, including any trial, appeal, or bankruptcy proceeding, which amounts shall be included in
any judgment entered in such action or proceeding; provided, however, that if more than one matter is disputed and each party prevails
as to one or more of the disputed matters, then such costs, expenses and attorneys’ fees shall be awarded in proportion to the
monetary values of the matters on which each party prevailed. As part of the consideration for this Agreement, each of the parties hereto
waives the right to trial by jury in connection with any dispute or action under this Agreement. In any action brought to interpret or
enforce any of the provisions of this Agreement, the venue of same shall be laid in King County, Washington.

 

19.
Governing Law. This Agreement shall be construed and interpreted and shall be governed and enforced in all respects according to
the laws of the State of Washington.

 

20.
Nonmerger. The terms and provisions of this Agreement shall not merge in but shall survive the closing of the transaction contemplated
under and the deed to be delivered pursuant to this Agreement.

 

21.
Commissions. Seller agrees to pay any and all commissions due and owing to Purchaser’s Agent and Seller’s Agent in connection
with the negotiation and execution of this Agreement and the sale of the Property. Purchaser shall have no liability for any commission
or other compensation payable to Purchaser’s Agent or Seller’s Agent in connection with the transaction contemplated by this
Agreement. Except as provided above, Purchaser and Seller each represents that it has not dealt with a real estate broker in connection
with the negotiations leading to this Agreement. Seller and Purchaser each agrees to indemnify and hold the other harmless from and against
the claims of all brokers or other intermediaries claiming to have had any dealings, negotiations or consultations with it in connection
with this Agreement or the sale of the Property, which indemnity shall survive closing and/or the termination of this Agreement.

 

22.
Notices. Notices and other communications hereunder shall be (i) in writing, (ii) delivered to the address set forth below for a
party, and (iii) effective upon personal delivery, delivery by courier service providing proof of delivery, or two (2) business days
after deposit in the U.S. mail, postage prepaid, addressed to the address for the party. Notice given by email is deemed delivered on
the date the email transmission is sent if it is sent to the email address set forth in the Agreement or otherwise provided in accordance
with the Agreement. Each party shall make all reasonable efforts to confirm its receipt of facsimile or email notice. If a notice is
sent by facsimile, such notice shall be effective upon transmission as evidenced by an acknowledgment or transmission report generated
by the machine from which the facsimile was sent, indicating that the facsimile was sent in its entirety to the addressee’s facsimile
number. A party’s notice address may be changed by written notice to the other party.

 

    	11

    	 

    

 

23.
Enforcement. Either party’s failure to insist upon or enforce strict performance by the other party of any provision of or
to exercise any right under this Agreement shall not be construed as a waiver or relinquishment to any extent of such party’s right
to assert or rely upon any such provision in any other instance; rather, the same shall remain in full force and effect.

 

24.
Binding Nature. All rights and obligations arising out of this Agreement shall inure to the benefit of and be binding upon the parties
and their respective successors, heirs, assigns, administrators, executors and marital communities.

 

25.
Time. Time is of the essence in each and every covenant and condition of this Agreement. Should the last day for giving any notice
or taking any action required or permitted under this Agreement fall on a Saturday, Sunday or legal holiday, the last day shall be postponed
until the next day which is not a Saturday, Sunday or legal holiday.

 

26.
Captions. The captions and section/paragraph headings of this Agreement are inserted for convenience only and shall not be deemed
to limit or expand the meaning of any term or provision of this Agreement.

 

27.
Partial Invalidity. Every provision of this Agreement is intended to be severable. If any term or provision is held to be illegal
or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity or legality of such provision for any
other reason or the validity or legality of the remainder of this Agreement.

 

28.
Assignment. Purchaser may, in its sole discretion, upon written notice to Seller, assign its rights and delegate its obligations
under this Agreement to any person.

 

29.
Counterparts. This Agreement may be executed in counterparts, each of which shall be treated as an original for all purposes, and
all executed counterparts shall constitute one agreement, binding on all of the parties notwithstanding that all the parties are not
signatory to the original or the same counterpart. Any such counterpart shall be admissible into evidence as an original against the
person who executed it.

 

If
this Agreement is not mutually executed on or before 5:00 p.m. PT of June 17, 2022 and counterparts of this Agreement delivered to each
party prior to such time, this Agreement shall be void and of no force and effect.

 

    	12

    	 

    

 

IN
WITNESS OF THIS, the parties have executed this Agreement to be effective as of the Effective Date on the dates indicated below their
respective signatures.

 

	SELLER:	 	PURCHASER:
	 	 	 
	Ridgefield
    Pioneer Village, LLC	 	VH
    Pioneer Village, LLC
	 	 	By:
    Vault Holding, LLC
	 	 	Its
    Manager
	 	 	By:
    iCap Vault Management, LLC
	 	 	Its:
    Manager
	 	 	By:
    iCap Enterprises, Inc.
	 	 	Its:
    Manager

 

	By:	/s/
    Tom Files	 	By:	/s/
    Jim Christensen
	Name: 
    	Patrick
    T. Files, Jr.	 	Name: 	Jim
    Christensen
	Title:	Managing
    Partner	 	Title:	Chief
    Operating Officer

 

	Date:
    	6/28/2022                 	 	Date:
    	6/28/2022                       
	 	 	 	 	 
	Address
    for Seller:	 	Address
    for Purchaser:
	 	 	 
	2818
    East 2nd Street	 	3535
    Factoria Boulevard SE, Suite 500,
	Vancouver,
    WA 98661	 	Bellevue,
    Washington 98006
	Attn:
    Tom Files	 	Attn:
    Jim Christensen
	Email:
    tomf@braleygray.com	 	Email:jim@icapequity.com

 

    	13

    	 

    

 

EXHIBIT
A: Legal Description of Real Property

 

Lot(s)
4, PIONEER VILLAGE PHASE 1, according to the plat thereof, recorded in Volume 312 of Plats, Page 182, records of Clark County, Washington.

 

For
APN/Parcel ID(s): 986059593

 

    	14Exhibit 10.10

 

EXECUTION VERSION

 

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE AGREEMENT
(the “Agreement”) is made as of June 7, 2022, by and among Optimus Healthcare Services, Inc., a Florida corporation
(and together with all of its current and future, direct and/or indirect, wholly owned and/or partially owned Subsidiaries, collectively,
the “Company”), and Arena Investors, LP, on behalf of its clients listed in Schedule 1 hereto (including its successors
and assigns, collectively, the “Purchasers”).

 

RECITALS

 

A.   The
Company and the Purchaser are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by Section 4(a)(2) of the Securities Act (as defined below), and/or Rule 506(b) of Regulation D (“Regulation D”) as
promulgated by the United States Securities and Exchange Commission under the Securities Act.

 

B.   The
Purchaser wishes to purchase, and the Company wishes to sell at closing, upon the terms and conditions stated in this Agreement, the Securities
(as defined herein), all in the amounts and for the price set forth on Schedule 1 hereto.

 

NOW, THEREFORE, IN CONSIDERATION
of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the Company and the Purchaser hereby agrees as follows:

 

ARTICLE 1

DEFINITIONS

 

1.1   Defined
Terms. In addition to terms defined elsewhere in this Agreement or in any supplement, amendment or exhibit hereto, when used herein,
the following terms shall have the following meanings:

 

(a)
“Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled
by or is under common control with a Person, as such terms are used in and construed under Rule 405 of the Securities Act, including,
among others, executive officers, directors, large stockholders, subsidiaries, parent entities and sister companies.

 

(b)   “Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

(c)   “Closing
Date” means the Trading Day on which all of the Transaction Documents have been executed
and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchaser’ obligations to pay the Purchase
Price and (ii) the Company’s obligations to deliver the Notes and the Warrants, in each case, have been satisfied or waived with
respect to the Closing.

     

     

    

 

(d)   “Collateral”
shall have the meaning ascribed to such term as set forth in the Security Agreement.

 

(e)   “Commitment
Shares” means an aggregate of 200,000 shares of the Company’s Common Stock to be issued to the Purchasers at Closing.

 

(f)   “Common
Stock” means (i) the Company’s common stock, par value $0.001 per share, and (ii) any capital stock into which such common
stock shall have been changed or any share capital resulting from a reclassification of such common stock.

 

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

 

(h)   “Contingent
Obligation” means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect
to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring such
liability, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability will be paid or
discharged, or that any agreements relating thereto will be complied with, or that the holders of such liability will be protected (in
whole or in part) against loss with respect thereto.

 

(i)   “Conversion
Date” has the meaning set forth in the Note.

 

(j)   “Conversion
Shares” means all shares of Common Stock issuable upon conversion of any portion of the Note (including, at the Purchaser’s
election pursuant to the conditions set forth in the Note, accrued and unpaid interest thereon), but solely to the extent and subject
to any conditions set forth in the Note.

 

(k)   “Dollar(s)”
and “$” means lawful money of the United States.

 

(l)   “Effective
Date” means the date that the initial Registration Statement filed by the Company pursuant to the Registration Rights Agreement
is first declared effective by the Commission.

 

(m)   “Event
of Default” shall have the meaning set forth in the Note.

 

(n)   “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

    -2-

     

    

 

(o)   “Exempt
Issuance” means the issuance of (a) shares of Common Stock or options to employees, officers, consultants, advisors or directors
of the Company in consideration of services to the Company pursuant to any stock or option plan duly adopted for such purpose by a majority
of the non-employee members of the Board of Directors or a majority of the non-employee members of a committee of directors established
for such purpose, (b) securities upon the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities
exercisable or exchangeable for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided
that such securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the
exercise, exchange or conversion price of such securities, (c) Permitted Indebtedness incurred in accordance with Section 1.1(cc) hereunder
and (d) shares of Common Stock to be sold to persons other than the Purchasers and/or securities issued on or prior to the date of this
Agreement, at a price per share equal to $1.00 per share.

 

(p)
“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time.

 

(q)   “Indebtedness”
means, with respect to any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person for the deferred purchase price of property or services (but excluding trade payables incurred in the ordinary
course of business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all
indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such
Person (even though the rights and remedies of the seller or the Purchaser under such agreement in the event of default are limited to
repossession or sale of such property), (e) all capital lease obligations of such Person, (f) all obligations of such Person,
contingent or otherwise, as an account party or applicant under acceptance, letter of credit, surety bond or similar facilities, (g) all
obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any capital stock of such
Person, (h) all obligations for any earn-out consideration, (i) the liquidation value of preferred capital stock of such Person,
(j) all guarantee obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (i) above,
(k) all obligations of the kind referred to in clauses (a) through (i) above secured by (or for which the holder of such obligation
has an existing right, contingent or otherwise, to be secured by) any lien on property (including, without limitation, accounts and contract
rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation and all obligations
of such Person in respect of hedge agreements; and (l) all Contingent Obligations in respect to indebtedness or obligations of any Person
of the kind referred to in clauses (a)-(k) above. The Indebtedness of any Person shall include, without duplication, the Indebtedness
of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such
Indebtedness expressly provide that such Person is not liable therefor.

 

(r)   “Investment”
means any investment (including, without limitation, any loan or advance) in or to any Person, whether payment therefor is made in cash
or capital stock or other equity interests or otherwise, and whether such Investment is by acquisition of capital stock or other equity
interests or Indebtedness, or by loan, advance, transfer of property out of the ordinary course of business, capital contribution, equity
or profit sharing interest, extension of credit on terms other than those normal in the ordinary course of business or otherwise.

 

    -3-

     

    

 

(s)
“Liens” or “liens” means a lien, mortgage, charge pledge, security interest, encumbrance, right
of first refusal, preemptive right or other restriction, or other clouds on title.

 

(t)   “Liabilities”
means all direct or indirect liabilities, Indebtedness and obligations of any kind of Company to the Purchaser, howsoever created, arising
or evidenced, whether now existing or hereafter arising (including those acquired by assignment), absolute or contingent, due or to become
due, primary or secondary, joint or several, whether existing or arising through discount, overdraft, purchase, direct loan, participation,
operation of law, or otherwise, including, but not limited to, pursuant to the Note, this Agreement and/or any of the other Transaction
Documents, all accrued but unpaid interest on the Note the principal, any letter of credit, any standby letter of credit, and/or outside
attorneys’ and paralegals’ fees or charges relating to the preparation of the Transaction Documents and the enforcement of
the Purchaser’s rights, remedies and powers under this Agreement, the Note and/or the other Transaction Documents.

 

(u)   “Material
Adverse Effect” means a material adverse effect on (a) the business, assets, property, operations, prospects, or condition
(financial or otherwise) of the Company, (b) the validity or enforceability of this Agreement or any of the other Transaction Documents,
(c) the rights or remedies of the Purchaser hereunder or thereunder, or (d) the ability of the Company to perform its obligations
under any Transaction Document.

 

(v)
“Note” means the Original Issue Discount Senior Secured Convertible Promissory Notes due on the second anniversary
of the Closing Date in such amounts as set forth on Schedule 1 next to the heading “Note,”
in United States Dollars, which, subject to the terms and conditions set forth in this Agreement, shall be purchased from the Company
pursuant to this Agreement, and any and all Note(s) issued in exchange, transfer or replacement of the Note(s); the form of Note is annexed
hereto as Exhibit A.

 

(w)   “Permitted
Indebtedness” means (a) the indebtedness evidenced by the Note, (b) any indebtedness of the Company outstanding as of the date
of this Agreement and set forth on Schedule (w), (c) lease obligations and purchase money indebtedness incurred in connection with
the acquisition of capital assets and lease obligations with respect to newly acquired or leased assets in the ordinary course of business,
(d) any indebtedness issued by the Company to any SBA-approved lender and (e) any indebtedness issued after the date of this Agreement
that (1) is subordinated in right of payment to the Notes; (2) matures at a date later than 10 days after the Maturity Date; and (3) is
subject to a subordination agreement in such form that is reasonably acceptable to Purchasers.

 

    -4-

     

    

 

(x)   “Permitted
Lien” means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental
charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and
by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company) have been established
in accordance with GAAP; (b) Liens imposed by law which were incurred in the ordinary course of the Company’s business, such as
carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in
the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate materially detract from the
value of such property or assets or materially impair the use thereof in the operation of the business of the Company and its consolidated
Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for
the foreseeable future the forfeiture or sale of the property or asset subject to such Lien; (c) Liens incurred in connection with Permitted
Indebtedness thereunder; (d) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations; (e) Deposits to secure the performance of bids, trade contracts,
leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the
ordinary course of business; (f) any Liens in favor of the Purchaser; and (g) Liens securing Indebtedness of the type described in clause
(f) of the definition of Permitted Indebtedness, provided such Liens do not extend to any Collateral.

 

(y)   “Person”
means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, corporation, institution,
entity, party or government (whether national, federal, state, county, city, municipal or otherwise including, without limitation, any
instrumentality, division, agency, body or department thereof).

 

(z)
“Principal Market” means the principal Trading Market on which the Common Stock is listed or quoted for trading on
the date in question.

 

(aa) “Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding,
such as a deposition), whether commenced or threatened. 

 

(bb) “Purchase
Price” shall have the meaning as set forth on Schedule 1 next to the heading “Purchase
Price,” in United States Dollars.

 

(cc) “Registration
Rights Agreement” means the Registration Rights Agreement, dated as of the Closing Date, by and between the Company and the
Purchaser as hereinafter amended and/or supplemented altogether with all exhibits, schedules and annexes to such Registration Rights Agreement,
which Registration Rights Agreement is annexed hereto as Exhibit D.

 

(dd)  “Registration
Statement” means a registration statement meeting the requirements set forth in the Registration
Rights Agreement and covering the resale of the Conversion Shares issuable upon conversion of the Note, the Warrant Shares issuable upon
exercise of the Warrants and the Commitment Shares as provided for in the Registration Rights Agreement.

 

(ee)  “SEC”
or “Commission” means the United States Securities and Exchange Commission.

 

    -5-

     

    

 

(ff) “Securities”
means the Note, the Warrants, the Warrant Shares and the Commitment Shares purchased pursuant
to this Agreement and all Underlying Shares and any securities of the Company issued to the Purchaser in replacement, substitution and/or
in connection with any exchange, conversion and/or any other transaction involving all or any of such securities of the Company.

 

(gg) “Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

(hh) “Security
Agreement” means the Amended and Restated Security Agreement, dated on or about the date hereof, by and among the Company, the
Subsidiaries of the Company, and the Purchaser as hereinafter amended and/or supplemented altogether with all exhibits, schedules and
annexes to such Security Agreement, pursuant to which the Note is secured by the Collateral, which security interest in the Collateral
shall be perfected by the Purchaser’s UCC-1, filed with the Secretary of State of the State of New York, to the extent perfectable
by the filing of a UCC-1 Financing Statement and such other documents and instruments related thereto, which Security Agreement is annexed
hereto as Exhibit B.

 

(ii)   “Short
Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be
deemed to include the location and/or reservation of borrowable shares of Common Stock).

 

(jj) “SMRH”
means Sheppard, Mullin, Richter & Hampton LLP, with offices located at 30 Rockefeller Plaza, 39th Floor, New York, New
York 10112.

 

(kk) “Subsidiary”
means, with respect to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other
ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason
of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or
other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries,
or both, by such Person. All of the Company’s Subsidiaries are set forth on Schedule 3.1(a) hereto.

 

(ll) “Subsidiary
Guaranty Agreement” means each Guaranty Agreement, substantially in the form of annexed hereto as Exhibit E, between
a Subsidiary and the Purchaser, with respect to a guarantee of the Company’s obligations under a Securities Purchase Agreement dated
as of May 25, 2021 and under this Agreement, as amended, restated, supplemented or otherwise modified from time to time.

 

(mm) “Trading
Day” means a day on which the principal Trading Market is open for trading.

 

(nn) “Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange,
any market or quotation service of the OTC Markets Group (or any successors to any of the foregoing).

 

    -6-

     

    

 

(oo)   “Transaction
Documents” means, collectively, this Agreement, the Note, the Registration Rights Agreement, the Security Agreement, each Subsidiary
Guaranty Agreement, Transfer Agent Instruction Letter, and all financing statements (or comparable documents now or hereafter filed in
accordance with the UCC or other comparable or similar laws, rules or regulations) in favor of the Purchaser as secured parties perfecting
all Liens the Purchaser have on the Collateral (which security interests and Liens of the Purchaser shall be senior to all Indebtedness
of the Company), and such other documents, instruments, certificates, supplements, amendments, exhibits and schedules required and/or
attached pursuant to this Agreement and/or any of the above documents, and/or any other document and/or instrument related to the above
agreements, documents and/or instruments, and the transactions hereunder and/or thereunder and/or any other agreement, documents or instruments
required or contemplated hereunder or thereunder, whether now existing or at any time hereafter arising.

 

(pp) “Transfer
Agent” means Action Stock Transfer the current transfer agent of the Company, with a mailing address of 2469 E. Fort Union Blvd,
Suite 214, Salt Lake City, UT 84121 and a phone number of (801) 274-1088, and any successor
transfer agent of the Company.

 

(qq) “UCC”
means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that, in the
event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, priority, or remedies with respect to
the Purchaser’s Liens on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other
than the State of New York, the term “UCC” shall mean the Uniform Commercial code as enacted and in effect in such
other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies.

 

(rr) “Underlying
Shares” means all Conversion Shares and Warrant Shares.

 

(ss) “VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or
quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date)
on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock
is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets”
published by OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent
bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock
as determined by an independent appraiser selected in good faith by the Purchaser of a majority in interest of the Securities then outstanding
and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

    -7-

     

    

 

(tt) “Warrants”
means the five-year Warrant delivered to the Purchaser at the Closing in accordance with Section 2.2(a) hereof, in such amounts as
set forth on Schedule 1 next to the heading “Warrant,” in the form of Exhibit C attached hereto.

 

(uu) “Warrant
Shares” means the shares of Common Stock issuable upon exercise of the Warrants.

 

1.2   Other
Definitional Provisions.

 

(a)   Use
of Defined Terms. Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used
in the other Transaction Documents or any certificate or other document made or delivered pursuant hereto or thereto.

 

(b)   Accounting
Terms. As used herein and in the other Transaction Documents, and any certificate or other document made or delivered pursuant hereto
or thereto, accounting terms relating to the Company not defined in Section 1.1 and accounting terms partly defined in Section 1.1,
to the extent not defined, shall have the respective meanings given to them under GAAP (provided that all terms of an accounting
or financial nature used herein shall be construed, and all computations of amounts referred to herein shall be made without giving effect
to (i) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards
159) (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any
Indebtedness or other liabilities of the Company at “fair value”, as defined therein, and (ii) any treatment of Indebtedness
in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification
or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as
described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof).

 

(c)   Construction.
The words “hereof”, “herein” and “hereunder” and words of similar import when
used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section, schedule
and exhibit references are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable
to both the singular and plural forms of such terms.

 

(d)   UCC
Terms. Terms used in this Agreement that are defined in the UCC shall, unless the context indicates otherwise or are otherwise defined
in this Agreement, have the meanings provided for by the UCC.

 

    -8-

     

    

 

ARTICLE 2

PURCHASE AND SALE

 

2.1   Closing.
On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchaser agrees
to purchase, the Note and the Warrant. Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to
the Purchase Price, and the Company shall deliver to the Purchasers the Notes and Warrants on the Closing Date, and the Company and the
Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions
set forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of Sullivan & Worchester LLP, or such other location as
the parties shall mutually agree and may by agreement be undertaken remotely by electronic exchange of Closing documentation. Notwithstanding
anything herein to the contrary, if the Closing Date does not occur by June 10, 2022, this Agreement shall terminate and be null and void.

 

2.2   Deliveries.

 

(a)   On
or prior to the Closing Date, the Company shall deliver or cause to be delivered to the Purchasers the following:

 

(i)   on
the Closing Date, this Agreement duly executed by the Company;

 

(ii)   on
the Closing Date, an Amended and Restated Security Agreement providing the Purchaser with a lien on all of the assets of the Company and
each Subsidiary, duly executed by the Company;

 

(iii)   on
the Closing Date, the Notes and the Warrants registered in the name of the Purchaser as set forth on Schedule 1;

 

(iv)   on
the Closing Date, the Commitment Shares, registered in the name of the Purchaser as set forth on Schedule 1;

 

(v)   on
the Closing Date, the Registration Rights Agreement duly executed by the Company;

 

(vi)   on
the Closing Date, the Transfer Agent Instruction Letter in a form acceptable to the Purchasers, duly executed by the Company and the Transfer
Agent;

 

(vi)   a
certificate, in the form acceptable to the Purchaser and its counsel, executed by the secretary of the Company dated as of the Closing
Date, as to (i) the resolutions as adopted by the Company’s board of directors relating to the transactions contemplated by this
Agreement in a form acceptable to the Purchaser, (ii) Certificate of Incorporation or other similar organizational document of the Company,
and (iii) the Bylaws or other similar organizational document of the Company, each as in effect at the Closing;

 

(vii)   a
certificate for each Subsidiary of the Company, in the form acceptable to the Purchaser and its counsel, executed by the secretary of
such Subsidiary dated as of the Closing Date, as to (i) the resolutions as adopted by the Subsidiary’s board of directors or other
governing body relating to the transactions contemplated by this Agreement in a form acceptable to the Purchaser, (ii) Certificate of
Incorporation or other similar organizational document of such Subsidiary, and (iii) the Bylaws or other similar organizational document
of such Subsidiary, each as in effect at the Closing;

 

    -9-

     

    

 

(vii)   a
certificate, duly executed by the Chief Executive Officer of the Company, dated as of the Closing Date, confirming compliance with Section
2.3(a)(i) and (ii) below and as to such other matters as may be reasonably requested by the Purchaser and its counsel in the form acceptable
to the Purchaser;

 

(viii)   certificates
evidencing the good standing of the Company and each Company Subsidiary in such entity’s jurisdiction of incorporation issued by
the Secretary of State (or comparable office) of such jurisdiction of formation or in such other jurisdictions the Company and each Subsidiary
transacts business, as of a date within five (5) days of the Closing Date;

 

(ix)   an
opinion of counsel to the Company, in such form as reasonably acceptable to the Purchaser;

 

(x)   a
Subsidiary Guaranty Agreement for each Subsidiary of the Company; and

 

(xi)   such
other documents, instruments, opinions or certificates relating to the transactions contemplated by this Agreement as the Purchaser or
its counsel may reasonably request.

 

(b)   On
or prior to the Closing, the Purchaser shall deliver or cause to be delivered to the Company the following:

 

(i)   on
the Closing Date, this Agreement duly executed by the Purchaser;

 

(ii)   one-hundred
percent (100%) of the Purchase Price to the Company subject to the closing by wire transfer;

 

    -10-

     

    

 

(iii)   on
the Closing Date, the Security Agreement duly executed by the Purchaser; and

 

(iv)   on
the Closing Date, the Registration Rights Agreement duly executed by the Purchaser.

 

2.3   Conditions
to Purchase the Securities.

 

(a)   The
obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

 

(i)   the
accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect,
in all respects) when made and on the date of the Closing of the representations and warranties of the Purchaser contained herein (unless
as of a specific date therein in which case they shall be accurate as of such date);

 

(ii)   all
obligations, covenants and agreements of the Purchaser required to be performed at or prior to the date of the Closing shall have been
performed;

 

(iii)   the
delivery by the Purchaser of the items set forth in Section 2.2(b) of this Agreement;

 

(iv)   there
shall have been no Material Adverse Effect with respect to the Company since the date hereof;

 

(v)   no
statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by
any court or other federal, state, local or other governmental authority of competent jurisdiction that prohibits the consummation of
any of the transactions contemplated by the Transaction Documents;

 

    -11-

     

    

 

(vi)   from
the date hereof to the Closing Date, trading in the Common Stock shall not have been suspended by the Commission or the Company’s
principal Trading Market, and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg L.P. shall
not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by such
service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities
nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude
in its effect on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of such Purchaser,
makes it impracticable or inadvisable to purchase the Securities at the Closing.

 

(b)   The
obligations of the Purchaser hereunder in connection with the Closing are subject to the following conditions being met:

 

(i)   the
accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect,
in all respects) when made and on the date of the Closing of the representations and warranties of the Company contained herein (unless
as of a specific date therein in which case they shall be accurate as of such date);

 

(ii)   all
obligations, covenants and agreements of the Company required to be performed at or prior to the Closing shall have been performed in
all material respects;

 

(iii)   the
delivery by the Company of the items set forth in Section 2.2(a) of this Agreement;

 

(iv)   there
shall have been no Event of Default under any of the Transaction Documents, Material Adverse Effect or Change of Control with respect
to the Company since the date hereof;

 

(v)   the
Company shall have obtained all governmental, regulatory and third party consents and approvals, if any, necessary for the entry into
the Transaction Documents and the sale of the Securities;

 

(vi)   no
statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by
any court or other federal, state, local or other governmental authority of competent jurisdiction that prohibits the consummation of
any of the transactions contemplated by the Transaction Documents; and

 

(vii)   Purchaser’s
due diligence has been completed to its satisfaction.

 

2.4   Purchase
Price and Payment of the Purchase Price for the Securities. The Purchase Price for the Securities to be purchased by the Purchaser
at the Closing shall be as set forth on Schedule 1 and shall be paid at the Closing, as applicable, (less all of the Purchaser’s
Expenses (as defined below)) by the Purchaser by wire transfer of immediately available funds to the Company in accordance with the Company’s
written wiring instructions, against delivery of the Securities.

 

ARTICLE 3

REPRESENTATIONS AND WARRANTIES; OTHER ITEMS

 

3.1   Representations
and Warranties of the Company. Except as set forth in the Disclosure Schedules, which Disclosure Schedules shall be deemed a part
hereof and shall qualify any representation or otherwise made herein to the extent of the disclosure contained in the corresponding section
of the Disclosure Schedules (but in no event shall qualify any indemnity obligation of the Company hereunder), the Company (which for
purposes of this Section 3.1 means the Company and all of its Subsidiaries) represents and warrants to the Purchaser that
on the Closing Date (unless as of a specific date set forth below):

 

(a)   Subsidiaries.
All of the direct and indirect subsidiaries of the Company and the locations thereof are set forth on Schedule 3.1(a). The Company
owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary free and clear of any Liens, and all
of the issued and outstanding shares of capital stock or other interests of each Subsidiary are validly issued and are fully paid, non-assessable
and free of preemptive and similar rights to subscribe for or purchase securities. Schedule 3.1(a) sets forth, as of the Closing
Date, the jurisdiction of organization and the location of the Company’s and its subsidiaries’ executive offices and other
places of business.

 

(b)   Organization,
Etc. The Company and each of the Subsidiaries is duly organized, validly existing and in good standing under the laws of the state
of their respective organization and are duly qualified and in good standing as a foreign corporation authorized to do business in each
jurisdiction where, because of the nature of its activities or properties, such qualification is required except where the failure to
be so qualified would not reasonably be expected to have a Material Adverse Effect.

 

    -12-

     

    

 

(c)   Authorization:
No Conflict. The execution, delivery and performance of the Transaction Documents and the transactions contemplated thereby by the
Company, including, but not limited to, the sale and issuance of the Securities for the Purchase Price, the reservation for issuance of
the Underlying Shares required to be reserved pursuant to the terms of the Note, of the issuance the Underlying Shares into which the
Note is convertible and the issuance and sale of the Commitment Shares (i) are within the Company’s corporate powers, (ii) have
been duly authorized by all necessary action by or on behalf of the Company (and/or its stockholders to the extent required by law), (iii) have
received all necessary and/or required governmental, regulatory and other approvals and consents (if any shall be required), (iv) do not
and shall not contravene or conflict in any material respect with any provision of, or require any consents under (1) any law, rule, regulation
or ordinance, (2) the Company’s organizational documents; and/or (3) any agreement, credit facility, debt or other instrument (evidencing
a Company or Subsidiary debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property
or asset of the Company or any Subsidiary is bound or affected, and (v) other than the Liens granted to the Purchaser pursuant to the
Transaction Documents, do not result in, or require, the creation or imposition of any Lien and/or encumbrance on any of the Company’s
properties or revenues pursuant to any law, rule, regulation or ordinance or otherwise.

 

(d)   Validity
and Binding Nature. The Transaction Documents to which the Company is a party are the legal, valid and binding obligations of the
Company, enforceable against the Company in accordance with their respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization and other similar laws of general application affecting the rights and remedies of creditors and by general
equitable principles (whether enforcement is sought by proceedings in equity or at law).

 

(e)   Title
to Assets. The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them and good
and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in each
case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such property and do not materially interfere
with the use made and proposed to be made of such property by the Company and the Subsidiaries, (ii) Liens for the payment of federal,
state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and the payment of which is not delinquent,
and (iii) Permitted Liens. Any real property and facilities held under lease by the Company and the Subsidiaries are held by them under
valid, subsisting and enforceable leases with which the Company and the Subsidiaries are in compliance.

 

(f)   Compliance.
Neither the Company nor any Subsidiary: (i) is 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 the Company or any Subsidiary under), nor has the Company or
any Subsidiary 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) is in violation of any judgment, decree or order of any court, arbitrator or other governmental authority
or (iii) is or 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, including, without limitation, those relating to securities, corporate law, 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.

 

    -13-

     

    

 

(g)   Taxes.
Except for matters that would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect,
the Company and its Subsidiaries each (i) has made or filed all United States federal, state and local income and all foreign income and
franchise tax returns, reports and declarations required by any jurisdiction to which it is subject, (ii) has paid all taxes and other
governmental assessments and charges that are material in amount, whether or not shown or determined to be due on such returns, reports
and declarations and (iii) has set aside on its books provision reasonably adequate for the payment of all material taxes for periods
subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed
to be due by the taxing authority of any jurisdiction, and the officers of the Company or of any Subsidiary know of no basis for any such
claim.

 

(h)   Licenses
and Permits. The Company possesses all certificates, authorizations, consents, approvals, orders,
licenses and permits issued by the appropriate federal, state or foreign regulatory authorities (collectively, the “Permits”),
necessary to conduct its business as now conducted. All of such Permits are valid and in full force and effect. There is no pending or,
to the Company’s knowledge, threatened action, suit, proceeding or investigation that individually or in the aggregate would reasonably
be expected to lead to the revocation, modification, termination, suspension or any other impairment of the rights of the holder of any
such Permit.

 

(i)   Investment
Company. The Company is not (i) an “investment company” or a company “controlled”, whether directly or indirectly,
by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended; or (ii) engaged principally,
or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within
the meaning of Regulation U of the Board of Governors of the Federal Reserve System).

 

(j)   Absence
of Defaults and Conflicts. The Company is not (i) in violation of its charter, by-laws
or similar incorporation or organizational documents or (ii) in violation or default in the
performance or observance of any material obligation, agreement, covenant or condition contained in any contract, indenture, mortgage,
deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which the Company is a party or by which it may
be bound, or to which any of the property or assets of the Company is subject (collectively, “Agreements and Instruments”).
The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated in this Agreement and
the other Transaction Documents, and compliance by the Company with its obligations under this Agreement and the other Transaction Documents,
do not and will not, whether with or without the giving of notice or passage of time or both, (w) conflict with or result in a breach
of any of the terms and provisions of, or constitute a default or Repayment Event (as defined below) under, (x) result in the creation
or imposition of any lien, charge or encumbrance (other than Permitted Liens) upon any property or assets of the Company pursuant to,
the Agreements and Instruments, (y) result in any violation of the provisions of the charter, by-laws or
similar organizational documents of the Company, or (z) result in any applicable law, statute, rule, regulation, judgment, order, writ
or decree of any government, government instrumentality or court, domestic or foreign, having jurisdiction over the Company or any of
its assets, properties or operations, except in the case of this clause (z) for such conflicts, violations, breaches or defaults which
would not reasonably be expected to result in a Material Adverse Effect on the Company. As used herein, a “Repayment Event”
means any event or condition which gives the holder of any note, debenture or other evidence of
indebtedness that is material to the operations or financial results of the Company (or any person acting on such holder’s behalf)
the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company.

 

    -14-

     

    

 

(k)   Foreign
Corrupt Practices Act. Neither the Company nor, to the Company’s knowledge, any
of its affiliates, directors, officers, employees, agents or other person acting on behalf of the Company is aware of or has taken any
action, directly or indirectly, that would result in a material violation by such person of the Foreign Corrupt Practices Act of 1977,
as amended, and the rules and regulations thereunder (the “FCPA”), including,
without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer,
payment, promise to pay or authorization of the payment of money, or other property, gift, promise to give, or authorization of the giving
of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official
thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to the Company’s knowledge,
its affiliates have conducted their businesses in material compliance with the FCPA and have instituted and maintain policies and procedures
designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

 

(l)   Rule
506(d) Bad Actor Disqualification Representations and Covenants.

 

(i)   No
Disqualification Events. Neither the Company, nor any of its predecessors, affiliates, any manager, executive officer, other officer
of the Company participating in the offering, any beneficial owner (as that term is defined in Rule 13d-3 under the Exchange Act) of 20%
or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that
term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity as of the date of this Agreement and
on the Closing Date (each, a “Company Covered Person” and, together, “Company Covered Persons”)
is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a
“Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has
exercised reasonable care to determine (A) the identity of each person that is a Company Covered Person; and (B) whether any
Company Covered Person is subject to a Disqualification Event. The Company has complied with its disclosure obligations under Rule 506(e).

 

(ii)   Other
Covered Persons. The Company is not aware of any person (other than any Company Covered Person) who has been or will be paid (directly
or indirectly) remuneration in connection with the purchase and sale of the Note and the Commitment Shares who is subject to a Disqualification
Event (each, an “Other Covered Person”).

 

    -15-

     

    

 

(iii)   Reasonable
Notification Procedures. With respect to each Company Covered Person, the Company has established procedures reasonably designed to
ensure that the Company receives notice from each such Company Covered Person of (A) any Disqualification Event relating to that Company
Covered Person, and (B) any event that would, with the passage of time, become a Disqualification Event relating to that Company Covered
Person; in each case occurring up to and including the Closing Date.

 

(iv)   Notice
of Disqualification Events. The Company will notify the Purchaser immediately in writing upon becoming aware of (A) any Disqualification
Event relating to any Company Covered Person and (B) any event that would, with the passage of time, become a Disqualification Event relating
to any Company Covered Person and/or Other Covered Person.

 

(m)   Accuracy
of Information, etc. No statement or information contained in this Agreement, any other Transaction Document or any other document,
schedule, certificate or statement furnished to the Purchaser by or on behalf of the Company in writing for use in connection with the
transactions contemplated by this Agreement and/or the other Transaction Documents contained, as of the date such statement, information,
document or certificate was made or furnished, as the case may be, any untrue statement of a material fact or omitted to state a material
fact necessary to make the statements contained herein or therein, taken as a whole, not materially misleading. There is no fact known
to the Company that would reasonably be expected to materially affect the Company that has not been expressly disclosed herein, in the
other Transaction Documents, or in any other documents, certificates and written statements furnished to the Purchaser for use in connection
with the transactions contemplated hereby and by the other Transaction Documents.

 

(n)   Solvency.
Based on the consolidated financial condition of the Company as of the Closing Date, after giving effect to the receipt by the Company
of the proceeds from the sale of the Securities hereunder: (i) the fair saleable value of the Company’s assets exceeds the amount
that will be required to be paid on or in respect of the Company’s existing debts and other liabilities (including known contingent
liabilities) as they mature, (ii) the Company’s assets do not constitute unreasonably small capital to carry on its business as
now conducted and as proposed to be conducted including its capital needs taking into account the particular capital requirements of the
business conducted by the Company, consolidated and projected capital requirements and capital availability thereof, and (iii) the current
cash flow of the Company, together with the proceeds the Company would receive, were it to liquidate all of its assets, after taking into
account all anticipated uses of the cash, would be sufficient to pay all amounts on or in respect of its liabilities when such amounts
are required to be paid. The Company does not intend to incur debts beyond its ability to pay such debts as they mature (taking into account
the timing and amounts of cash to be payable on or in respect of its debt). The Company has no knowledge of any facts or circumstances
which lead it to believe that it will file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction
within one year from the Closing Date. Schedule 3.1(n) sets forth as of the date hereof
all outstanding secured and unsecured Indebtedness of the Company or any Subsidiary, or for which the Company or any Subsidiary has commitments.
Neither the Company nor any Subsidiary is in default with respect to any Indebtedness.

 

    -16-

     

    

 

(o)   Transactions
With Affiliates and Employees. None of the officers or directors of the Company or any Subsidiary
and, to the knowledge of the Company, none of the employees of the Company or any Subsidiary is presently a party to any transaction with
the Company or any Subsidiary (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 knowledge of the Company, 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, in each case in excess of $120,000 other than for: (i) payment of salary
or consulting fees for services rendered, (ii) reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits,
including stock option agreements under any stock option plan of the Company.

 

(p)   Intellectual
Property. The Company has, or has rights to use, all patents, patent applications, trademarks, trademark applications, service marks,
trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights and similar rights as described on
Schedule 3.1(p) that are material to the conduct of its business (collectively, the “Intellectual Property Rights”).
The Company has not received a notice (written or otherwise) that any material Intellectual Property Right has expired, terminated or
been abandoned, or is expected to expire or terminate or be abandoned. The Company has not received, since the Balance Sheet Date, 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 would not have or reasonably be expected to have a Material Adverse Effect. To the knowledge of the Company, all such Intellectual
Property Rights are enforceable and there is no infringement by another Person of any of the Intellectual Property Rights. The Company
has taken commercially reasonable security measures to protect the secrecy, confidentiality and value of all of its intellectual property.

 

(q)   USA
Patriot Act. The Company is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each
of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) and
any other enabling legislation or executive order relating thereto, and (ii) the USA Patriot Act (Title III of Pub. L. 107-56, signed
into law on October 26, 2001) (the “Act”). No part of the proceeds of the Note will be used, directly or indirectly,
for any payments to any governmental official or employee, political party, official of a political party, candidate for political office,
or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended.

 

(r)   Office
of Foreign Assets Control. Neither the Company nor any Subsidiary nor, to the Company’s knowledge, any director, officer, agent,
joint venture employee or affiliate of the Company or any Subsidiary is currently, or in the past 5 years, has been subject to any U.S.
sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).

 

    -17-

     

    

 

(s)   Filings,
Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization
or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental
authority or other Person in connection with the execution, delivery and performance by the Company of the Transaction Documents, other
than: (i) the filings required pursuant to the Registration Rights Agreement and the declaration of effectiveness by the SEC of the Registration
Statement, (ii) the notice and/or application(s) to each applicable Trading Market for the issuance and sale of the Securities and the
listing of the Conversion Shares and Commitment Shares for trading thereon in the time and manner required thereby, and (iii) the filing
of Form D with the Commission and such filings as are required to be made under applicable state securities laws (collectively, the “Required
Approvals”).

 

(t)   Authorization;
Enforcement. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization,
execution and delivery of the Transaction Documents and the performance of all obligations of the Company under the Transaction Documents
and have been taken on or prior to the date hereof. Each of the Transaction Documents has been duly executed by the Company and, when
delivered in accordance with the terms hereof and thereof, will constitute the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except: (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium
and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by general equitable
principles regardless of whether such enforcement is considered in a proceeding in equity or at law, (iii) as limited by laws relating
to the availability of specific performance, injunctive relief or other equitable remedies and (iv) insofar as indemnification and contribution
provisions may be limited by applicable law.

 

(u)   Valid
Issuance of Securities. The Note has been duly authorized and, when issued and paid for in accordance with this Agreement, will be
duly and validly issued, fully paid and nonassessable, free and clear of all Liens and all restrictions on transfer other than those expressly
imposed by the federal securities laws and vest in the Purchaser full and sole title and power to the Note purchased hereby by the Purchaser,
free and clear of all Liens, and restrictions on transfer other than those imposed by the federal securities laws. All Conversion Shares,
when issued pursuant to conversion of the Note, and all Commitment Shares, when issued pursuant to this Agreement, will be duly and validly
issued, fully paid and nonassessable, will be free and clear of all Liens and vest in the holder full and sole title and power to such
securities. The Warrant and the Warrant Shares, when issued upon exercise of the Warrants, will be duly and validly issued, fully paid
and nonassessable, will be free and clear of all Liens and vest in the holder full and sole title and power to such securities. The Company
has reserved from its duly authorized unissued Common Stock, the Warrant Shares, and the Required Minimum (as defined in the Note), which
Required Minimum shall be continuously determined by the Company to ensure that the Required Minimum is in reserve with the Transfer Agent
at all times.

 

    -18-

     

    

 

(v)   Offering.
The offer and sale of the Note, the Warrants and the Commitment Shares, when issued pursuant to this Agreement, as contemplated by this
Agreement, are exempt from the registration requirements of the Securities Act, and the qualification or registration requirements of
state securities laws or other applicable blue sky laws. Neither the Company nor any authorized agent acting on its behalf will take any
action hereafter that would cause the loss of such exemptions.

 

(w)   Capitalization
and Voting Rights. The capitalization of the Company is as set forth on Schedule 3.1(w),
which Schedule 3.1(w) shall also include the number of shares of Common Stock owned
beneficially, and of record, by Affiliates of the Company as of the date hereof. The authorized capital stock of the Company and
all securities of the Company issued and outstanding are set forth on Schedule 3.1(w) as of the dates reflected therein. All of
the outstanding shares of Common Stock and other securities of the Company have been duly authorized and validly issued and are fully
paid and nonassessable. Except as set forth on Schedule 3.1(w),
no Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the transactions
contemplated by the Transaction Documents, and there are no outstanding securities or instruments of the Company or any Subsidiary
with any provision that adjusts the exercise, conversion, exchange or reset price of such security or instrument upon an issuance of securities
by the Company or any Subsidiary. There are no outstanding securities or instruments of the Company or any Subsidiary that contain any
redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any
Subsidiary is or may become bound to redeem a security of the Company or such Subsidiary. The Company does not have any stock appreciation
rights or “phantom stock” plans or agreements or any similar plan or agreement. Except as set forth on Schedule 3.1(w),
there are no agreements or arrangements under which the Company is obligated to register the sale of any of the Company’s securities
under the Securities Act. Except as set forth on Schedule 3.1(w), no shares of Common Stock and/or other securities of the Company
are entitled to preemptive rights and there are no outstanding debt securities and no contracts, commitments, understandings, or arrangements
by which the Company is or may become bound to issue additional shares of the capital stock and/or other securities of the Company or
options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights
convertible into or exchangeable for, any shares of capital stock of the Company other than those issued or granted in the ordinary course
of business pursuant to the Company’s equity incentive and/or compensatory plans or arrangements. Except for customary transfer
restrictions contained in agreements entered into by the Company to sell restricted securities and/or as set forth on Schedule 3.1(w),
the Company is not a party to, and it has no knowledge of, any agreement restricting the voting or transfer of any shares of the capital
stock and/or other securities of the Company. Except as set forth on Schedule 3.1(w), the offer and sale of all capital stock,
convertible or exchangeable securities, rights, warrants, options and/or any other securities of the Company, when any such securities
of the Company were issued, complied in all material respects with all applicable federal and state securities laws, and no current and/or
prior holder of any securities of the Company has any right of rescission or damages or any “put” or similar right with respect
thereto. Except as set forth on Schedule 3.1(w), there are no securities or instruments of the Company containing anti-dilution
or similar provisions that will be triggered by the issuance and/or sale of the Securities and/or the consummation of the transactions
described herein or in any of the other Transaction Documents.

 

    -19-

     

    

 

(x)   Shell
Company Status; Financial Statements. The Company has been an issuer subject to Rule 144(i) under the Securities Act, but has not
been a shell corporation and satisfied the requirements under Rule 144(i) since December 22, 2021. The unaudited financial statements
of the Company as of December 31, 2021 is included in Schedule 3.1(x) hereto. The financial statements of the Company included
on Schedule 3.1(x) have been prepared in accordance with GAAP, except as may be otherwise specified in such financial statements
or the notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP, and fairly present
in all material respects the financial position of the Company and its consolidated Subsidiaries as of and for the dates thereof and the
results of operations and cash flows for the periods then ended, subject to normal, immaterial, year-end audit adjustments. For purposes
of this Section 3.1, December 31, 2021 is referred to as the “Balance Sheet Date”.

 

(y)   Material
Changes; Undisclosed Events, Liabilities or Developments. Since the Balance Sheet Date: (i) there has been no event, occurrence or
development that has had or that could reasonably be expected to be materially adverse to the Company, (ii) the Company has not incurred
any liabilities (contingent or otherwise) other than (A) trade payables and accrued expenses incurred in the ordinary course of business
consistent with past practice and (B) liabilities not required to be reflected in the Company’s financial statements pursuant to
GAAP or disclosed in filings made with the Commission (if the Company is an issuer required to file periodic reports under the Exchange
Act), (iii) the Company has not altered its method of accounting, (iv) the Company has not declared or made any dividend or distribution
of cash or other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital
stock and (v) the Company has not issued any equity securities to any officer, director or Affiliate, except pursuant to existing Company
stock option plans. Except for the issuance of the Securities contemplated by this Agreement or as set forth on Schedule 3.1(y),
no event, liability, fact, circumstance, occurrence or development has occurred or exists or is reasonably expected to occur or exist
with respect to the Company or its Subsidiaries or their respective businesses, properties, operations, assets, prospects, or financial
condition, that would be required to be disclosed by the Company under applicable securities laws at the time this representation is made
or deemed made that has not been publicly disclosed at least 1 Trading Day prior to the date that this representation is made.

 

(z)   Litigation.
Except as set forth on Schedule 3.1(z), there is no action, suit, inquiry, notice of violation, proceeding or investigation pending
or, to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary 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 Securities or (ii) could, if there were an unfavorable
decision, have or reasonably be expected to result in a Material Adverse Effect. Except as set forth on Schedule 3.1(z), Neither
the Company nor any Subsidiary, nor 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, there is not pending or contemplated, any investigation by the Commission involving the Company or any current or former
director or officer of the Company. The Commission has not issued any stop order or other order suspending the effectiveness of any registration
statement filed by the Company or any Subsidiary under the Exchange Act or the Securities Act.

 

    -20-

     

    

 

(aa) Disclosure.
Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms
that neither it nor any other Person acting on its behalf has provided any Purchaser or its respective agents or counsel with any information
that constitutes material, non-public information. The Company understands that the Purchaser may rely on the Transaction Documents, the
information included therein, including, but not limited to, the foregoing representation in purchasing the Securities. All of the disclosure
furnished by or on behalf of the Company to the Purchaser in the Transaction Documents regarding, among other matters relating to the
Company, its business and the transactions contemplated in the Transaction Documents, is true and correct in all material respects as
of the date made and does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to
make the statements made therein, in light of the circumstances under which they were made, not misleading. The Company acknowledges and
agrees that the Purchaser does not make nor has made any representations or warranties with respect to the transactions contemplated in
the Transaction Documents other than those specifically set forth in Section 3.2 hereof.

 

(bb) No Integrated
Offering. Assuming the accuracy of the representations and warranties set forth in Section 3.2, neither the Company, nor
any of its affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security
or solicited any offers to buy any security, under circumstances that would cause the issuance and/or sale of the Securities to be integrated
with prior offerings of securities by the Company for purposes of (i) the Securities Act that would require the registration of any such
Securities and/or any other securities of the Company under the Securities Act, or that would invalidate the exemptions from registration
relied upon by the Company, or (ii) any stockholder-approval provisions of any Trading Market on which any of the securities of the Company
are listed, eligible for quotation and/or designated.

 

(cc) Insurance.
The Company is insured by insurers of recognized financial responsibility against such losses and
risks and in such amounts as are prudent and customary in the business in which it is engaged; the Company has not been refused any coverage
sought or applied for; and the Company does not have any reason to believe that it will not be able to renew its existing insurance coverage
as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business.

 

(dd) Regulation
M Compliance. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any action
designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale
or resale of any of the Securities, (ii) sold, bid for, purchased, or paid any compensation for soliciting purchases of, any of the Securities,
or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase any other securities of the Company.

 

    -21-

     

    

 

(ee) Registration
Rights. Except as set forth on Schedule 3.1(ee),
no Person has any right to cause the Company to affect the registration under the Securities Act of any securities of the Company or any
Subsidiaries.

 

(ff) Labor
Relations. No labor dispute exists or, to the knowledge of the Company, is imminent with respect
to any of the employees of the Company, which could reasonably be expected to result in a Material Adverse Effect. None of the Company’s
or its Subsidiaries’ employees is a member of a union that relates to such employee’s relationship with the Company or such
Subsidiary, and neither the Company nor any of its Subsidiaries is a party to a collective bargaining agreement, and the Company and its
Subsidiaries believe that their relationships with their employees are good. To the knowledge of the Company, no executive officer of
the Company or any Subsidiary, 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 the Company or any of its Subsidiaries
to any liability with respect to any of the foregoing matters. The Company and its Subsidiaries are 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.

 

(gg) Dilutive
Effect. The Company understands and acknowledges that the number of Underlying Shares issuable upon conversion of the Note, pursuant
to the terms thereof, will increase in certain circumstances. The Company further acknowledges that its obligations to issue Underlying
Shares pursuant to the terms of the Note in accordance with this Agreement and the Note is absolute and unconditional regardless of the
dilutive effect that any such issuances may have on the percentage ownership interests of other stockholders of the Company.

 

(hh) Application
of Takeover Protections; Rights Agreement. The Company and its board of directors have taken all necessary action, if any, in
order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights
agreement) or other similar anti-takeover provisions under the Company’s certificate of incorporation, as amended, or the laws of
the jurisdiction of its formation that are or could become applicable to the Purchaser as a result of the transactions contemplated by
this Agreement and/or the other Transaction Documents, including, without limitation, the Company’s issuance of the Securities and
the Purchaser’s ownership of the Securities. The Company has not adopted a stockholder rights plan or similar arrangement relating
to accumulations of beneficial ownership of Common Stock or a change in control of the Company.

 

    -22-

     

    

 

(ii)   Manipulation
of Price. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any action
designed to cause or to result, or that could reasonably be expected to cause or result, in the stabilization or manipulation of the price
of any security of the Company to facilitate the sale or resale of any of the Securities, (ii) sold, bid for, purchased, or paid any compensation
for soliciting purchases of, any of the Securities, or (iii) paid or agreed to pay to any person any compensation for soliciting another
to purchase any other securities of the Company.

 

(jj) DTC Eligible.
The Common Stock is DTC eligible and DTC has not placed a “freeze” or a “chill” on the Common Stock and the Company
has no reason to believe that DTC has any intention to make the Common Stock not DTC eligible, or place a “freeze” or “chill”
on the Common Stock. No federal or state regulatory authority has indicated that it will prohibit the listing of the Company’s securities
based upon its prior business in the cannabis or cannabis-related markets nor will the Purchaser be prohibited from depositing, clearing
or settling the Securities, including through the DTC or otherwise, on account of the Company’s prior business in the cannabis
or cannabis-related markets.

 

(kk) Listing
and Maintenance Requirements. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market
on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance
requirements of such Trading Market. The Common Stock is eligible for quotation on the Principal Market and the Company has no reason
to believe that the Principal Market has any intention of delisting or no longer quoting the Common Stock from the Principal Market. The
issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market. All Commitment Shares
and Underlying Shares have been approved, if so required, for listing or quotation on the Trading Market, subject only to notice of issuance.

 

(ll) No General
Solicitation. Neither the Company, nor any of its affiliates, nor, to the knowledge of the Company, any Person acting on its
behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with
the offer or sale of the Securities. 

 

(mm) Acknowledgment
Regarding the Purchaser’s Purchase of Securities. The Company acknowledges and agrees that the Purchaser is acting solely
in the capacity of an arm’s length purchaser with respect to the other Transaction Documents and the transactions contemplated hereby
and thereby and that the Purchaser is not (i) an officer or director of the Company, (ii) an Affiliate of the Company or (iii) to
the knowledge of the Company, a “beneficial owner” of more than 10% of the shares of Common Stock (as defined for purposes
of Rule 13d-3 of the Exchange Act). The Company further acknowledges that the Purchaser is not acting as a financial advisor
or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby
and thereby, and any advice given by the Purchaser or any of its representatives or agents in connection with the Transaction Documents
and the transactions contemplated hereby and thereby is merely incidental to the Purchaser’s purchase of the Securities. The
Company further represents to the Purchaser that the Company’s decision to enter into the Transaction Documents has been based solely
on the independent evaluation by the Company and its representatives.

 

    -23-

     

    

 

(nn) Off-Balance
Sheet Arrangements. There is no transaction, arrangement, or other relationship between the Company and an unconsolidated or
other off-balance sheet entity that is required to be disclosed by the Company in its Exchange Act filings and is not so disclosed.

 

(oo)   Certain
Fees. No brokerage or finder’s fees or commissions are or will be payable by the Company or any Subsidiaries to any broker,
financial advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated
by the Transaction Documents. The Purchaser shall have no obligation with respect to any fees or with respect to any claims made by or
on behalf of other Persons for fees of a type contemplated in this Section that may be due in connection with the transactions contemplated
by the Transaction Documents.

 

(pp) Anti-Money
Laundering, Anti-Bribery and Anti-Corruption; Sanctions. 

 

(i)   Neither
the Company nor, any of its Subsidiaries or Affiliates or any director or officer of any of them is an individual or entity currently,
or has not in the past 5 years been, subject to any Sanctions or is on any Sanctions List.

 

(ii)   Each
of the Company, any of its Subsidiaries and Affiliates and their respective directors, officers, employees and, to the knowledge of the
Company, agents and any other person or entity acting on behalf of the Company, has complied with the Money Laundering, Anti-Corruption
and Anti-Bribery Laws, in each case as applicable to them, and no action, suit or proceeding by or before any court or any arbitrator
or any governmental agency, authority or body involving the Company and any of its Subsidiaries or their respective directors or officers
and, to the knowledge of the Company, the employees, agents, or representatives of each of them, is pending or threatened with respect
to Money Laundering, Anti-Corruption and Anti-Bribery Laws.

 

(iii)   Neither
the Company nor any of its Subsidiaries nor their respective directors or officers, nor, to the knowledge of the Company, the employees
or agents of any of them has:

 

		A.	used any corporate funds (nor will it use any proceeds from the Notes) for any unlawful contribution,
gift, entertainment or unlawful expense relating to political activity;

 

		B.	taken any action in furtherance of an unlawful offer, payment, promise to pay, or authorization or approval
of the payment or giving of money, property, gifts or (anything else of value, directly or indirectly, to any “government official”
(including any officer or employee of a government or government owned or controlled entity or of a public international organization,
or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate
for public office) or made any other bribe, rebate, payoff, influence payment or kickback intended to improperly influence official action
or secure an improper advantage;

 

    -24-

     

    

 

		C.	nor will it use any proceeds from the Notes in furtherance of any such unlawful payment or violation of
Sanctions or Money Laundering, Anti-Corruption and Anti-Bribery Laws.

 

(iv)   The
Company and each Subsidiary will promote and ensure compliance with Money Laundering, Anti-Corruption and Anti-Bribery Laws in all jurisdictions
where they operate and with the representations and warranties contained herein.

 

(v)   As
used in this Section 3.1(pp):

 

		A.	“Money Laundering, Anti-Corruption and Anti-Bribery Laws” means money laundering and
anti- corruption statutes of all jurisdictions (including, the Foreign Corrupt Practices Act of 1977, the OECD Convention on Bribery of
Foreign Public Officials in International Business Transactions, and any similar national or local law or regulation in the United Kingdom
or elsewhere where the Company and each other Subsidiary conducts business), the rules and regulations thereunder and any related or similar
rules, regulations or guidelines, issued, administered or enforced by any governmental agency or any such jurisdiction.

 

		B.	“Sanctions” means any laws or regulations or restrictive measures relating to economic
or financial sanctions or trade embargoes imposed, administered or enforced from time to time by a Sanctions Authority.

 

		C.	“Sanctions Authority” means (i) the United Nations Security Council; (ii) the United
States government; (iii) the European Union; (iv) the United Kingdom government; (v) the respective governmental institutions and agencies
of any of the foregoing, including without limitation, OFAC, the United States Department of State and Department of Commerce, and Her
Majesty's Treasury; and (vi) any other governmental institution or agency with responsibility for imposing, administering or enforcing
Sanctions with jurisdiction over the Company or any of its subsidiaries (together, “Sanctions Authorities”).

 

		D.	“Sanctions List” means the Specially Designated Nationals and Blocked Persons List
maintained by OFAC, the Denied Persons List maintained by the U.S. Department of Commerce, the Consolidated List of Financial Sanctions
Targets maintained by Her Majesty's Treasury, or any other list issued or maintained by any Sanctions Authority of persons subject to
Sanctions (including investment or related restrictions), each as amended, supplemented or substituted from time to time.

 

    -25-

     

    

 

(qq) Environmental
Laws. The Company and its Subsidiaries, (i) are in compliance with all federal, state, local
and foreign laws relating to pollution or protection of human health or the environment (including ambient air, surface water, groundwater,
land surface or subsurface strata), including laws relating to emissions, discharges, releases or threatened releases of chemicals, pollutants,
contaminants, or toxic or hazardous substances or wastes (collectively, “Hazardous Materials”)
into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport
or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands, or demand letters, injunctions, judgments,
licenses, notices or notice letters, orders, permits, plans or regulations, issued, entered, promulgated or approved thereunder (“Environmental
Laws”); (ii) have received all permits, licenses or other approvals required of them under
applicable Environmental Laws to conduct their respective businesses; and (iii) are in compliance with all terms and conditions of any
such permit, license or approval where in each clause (i), (ii) and (iii), the failure to so comply could be reasonably expected to have,
individually or in the aggregate, a Material Adverse Effect.

 

(rr) Seniority.
As of the Closing Date and for so long as any Notes remain outstanding, except for Indebtedness issued to other funds affiliated with
Arena Investors LP, (i) all Indebtedness, is subordinated to the Note and (ii) no Indebtedness or other claim against the Company is senior
to or pari passu with the Note in right of payment, whether with respect to interest or upon liquidation or dissolution, or otherwise,
other than indebtedness secured by purchase money security interests (which is senior only as to underlying assets covered thereby) and
capital lease obligations (which is senior only as to the property covered thereby).

 

(ss) [Reserved].

 

(tt) No Disagreements
with Accountants and Lawyers. There are no disagreements of any kind presently existing, or reasonably anticipated by the Company
to arise, between the Company and the accountants and lawyers formerly or presently employed by the Company and the Company is current
with respect to any fees owed to its accountants and lawyers which could affect the Company’s ability to perform any of its obligations
under any of the Transaction Documents. 4

 

(uu)  Acknowledgment
Regarding Purchaser’s Trading Activity. Anything in this Agreement or elsewhere herein to the contrary notwithstanding, except
for Section 3(g) , it is understood and acknowledged by the Company that: (i) none of the Purchasers has been asked by the Company to
agree, nor has any Purchaser agreed, to desist from purchasing or selling, long and/or short, securities of the Company, or “derivative”
securities based on securities issued by the Company or to hold the Securities for any specified term, (ii) past or future open market
or other transactions by any Purchaser, specifically including, without limitation, Short Sales or “derivative” transactions,
before or after the closing of this or future private placement transactions, may negatively impact the market price of the Company’s
publicly-traded securities, (iii) any Purchaser, and counter-parties in “derivative” transactions to which any such Purchaser
is a party, directly or indirectly, presently may have a “short” position in the Common Stock and (iv) each Purchaser shall
not be deemed to have any affiliation with or control over any arm’s length counter-party in any “derivative” transaction.
The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times
during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Conversion
Shares or the Warrant Shares deliverable with respect to Securities are being determined, and (z) such hedging activities (if any) could
reduce the value of the existing stockholders' equity interests in the Company at and after the time that the hedging activities are being
conducted. The Company acknowledges that such aforementioned hedging activities do not constitute a breach of any of the Transaction
Documents.

 

    -26-

     

    

 

(vv) Stock
Option Plans. Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with
the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common
Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s
stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice
to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public
announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

 

(ww) Cybersecurity.
(i) There has been no security breach or other compromise of or relating to any of the Company’s or any Subsidiary’s information
technology and computer systems, networks, hardware, software, data (including the data of its respective customers, employees, suppliers,
vendors and any third party data maintained by or on behalf of it), equipment or technology (collectively, “IT Systems and Data”)
and (y) the Company and the Subsidiaries have not been notified of, and has no knowledge of any event or condition that would reasonably
be expected to result in, any security breach or other compromise to its IT Systems and Data; (ii) the Company and the Subsidiaries are
presently in compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator
or governmental or regulatory authority, internal policies and contractual obligations relating to the privacy and security of IT Systems
and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification, except as
would not, individually or in the aggregate, have a Material Adverse Effect; (iii) the Company and the Subsidiaries have implemented
and maintained commercially reasonable safeguards to maintain and protect its material confidential information and the integrity, continuous
operation, redundancy and security of all IT Systems and Data; and (iv) the Company and the Subsidiaries have implemented backup and disaster
recovery technology consistent with industry standards and practices.

 

(xx)   Subsidiary
Rights. The Company has the unrestricted right to vote, and (subject to limitations imposed by applicable law) to receive dividends
and distributions on, all capital securities of its Subsidiaries as owned by the Company or any Subsidiary of the Company.

 

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(yy) Promotional
Stock Activities. Neither the Company nor any Subsidiary of the Company and none of their respective officers, directors, managers,
affiliates or agents have engaged in any stock promotional activity that could give rise to a complaint, inquiry, or trading suspension
by the Securities and Exchange Commission alleging (i) a violation of the anti-fraud provisions of the federal securities laws, (ii) violations
of the anti-touting provisions, (iii) improper “gun-jumping; or (iv) promotion without proper disclosure of compensation.

 

(zz) No Cash
Payments. Except as disclosed on the Disclosure Schedules, neither the Company, its officers, or any Affiliates or agents of the Company
have withdrawn or paid cash (not including a check or other similar negotiable instrument) to any vendor in an aggregate amount that exceeds
Five Thousand Dollars ($5,000) for any purpose.

 

3.2   Representation
and Warranties of the Purchaser. The Purchaser, severally and not jointly, hereby represents and warrants as of the date hereof and
as of the Closing Date to the Company as follows:

 

(a)   Organization;
Authority. The Purchaser is either an individual or an entity duly incorporated or formed, validly
existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership,
limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction
Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents
and performance by the Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary
corporate, partnership, limited liability company or similar action, as applicable, on the part of the Purchaser. Each Transaction Document
to which it is a party has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms hereof,
will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms, except:
(i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific
performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited
by applicable law.

 

(b)    Own
Account. The Purchaser understands that the Securities are “restricted securities”
and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Securities as principal
for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities
Act or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities
Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute
or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities law (this representation
and warranty not limiting the Purchaser’s right to sell the Securities pursuant to an effective registration statement or otherwise
in compliance with applicable federal and state securities laws). The Purchaser is acquiring the Securities hereunder in the ordinary
course of its business.

 

    -28-

     

    

 

(c)   Purchaser
Status. At the time the Purchaser was offered the Securities, it was, and as of the date hereof
it is an “accredited investor” as defined in Rule 501(a) under the Securities Act.

 

(d)   Experience
of Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective
investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic
risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

 

(e)    General
Solicitation. The Purchaser is not, to the Purchaser’s knowledge, purchasing the Securities
as a result of any advertisement, article, notice or other communication regarding the Securities published in any newspaper, magazine
or similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

 

(f)   Access
to Information. The Purchaser acknowledges that it has had the opportunity to review the Transaction
Documents (including all exhibits and schedules thereto) and has been afforded (i) the opportunity to ask such questions as it has deemed
necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Securities
and the merits and risks of investing in the Securities; (ii) access to information about the Company and its financial condition, results
of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity
to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary
to make an informed investment decision with respect to the investment. 

 

(g)   Certain
Transactions and Confidentiality. The Purchaser has not directly or indirectly, nor has any Person acting on behalf of or pursuant
to any understanding with the Purchaser, executed any purchases or sales, including Short Sales, of the securities of the Company during
the period commencing as of the time that the Purchaser first received a term sheet (written or oral) from the Company or any other Person
representing the Company setting forth the material terms of the transactions contemplated hereunder and ending immediately prior to the
execution hereof. Notwithstanding the foregoing, if the Purchaser is a multi-managed investment vehicle, whereby separate portfolio managers
manage separate portions of the Purchaser’s assets and the portfolio managers have no direct knowledge of the investment decisions
made by the portfolio managers managing other portions of the Purchaser’s assets, the representation set forth above shall only
apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Securities
covered by this Agreement. Other than to other Persons party to this Agreement or to the Purchaser's representatives, including, without
limitation, its officers, directors, partners, legal and other advisors, employees, agents and Affiliates, the Purchaser has maintained
the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction).
Notwithstanding the foregoing, for the avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or
preclude any actions, with respect to locating or borrowing shares in order to effect Short Sales or similar transactions in the future.

 

    -29-

     

    

 

The Company
acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect such Purchaser’s
right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties
contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement
or the consummation of the transaction contemplated hereby.

 

ARTICLE 4

OTHER AGREEMENTS OF THE PARTIES

 

4.1   Transfer
Restrictions.

 

(a)   The
Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of Securities
other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of the Purchaser or in connection
with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof to provide to the Company an opinion of
counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably
satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities
Act. As a condition of transfer, any such transferee shall agree in writing to be bound by the terms of this Agreement and shall have
the rights and obligations of the Purchaser under this Agreement.

 

(b)   The
Purchaser agrees to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Securities in the following
form:

 

NEITHER THIS SECURITY NOR THE SECURITIES
INTO WHICH THIS SECURITY IS CONVERTIBLE/EXCERCISABLE HAS BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION/EXERCISE OF THIS SECURITY
MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

 

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The Company
acknowledges and agrees that the Purchaser may from time to time pledge pursuant to a bona fide margin agreement with a registered broker-dealer
or grant a security interest in some or all of the Securities to a financial institution that is an “accredited investor”
as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions of this Agreement and, if required under
the terms of such arrangement, the Purchaser may transfer pledged or secured Securities to the pledgees or secured parties. Such a pledge
or transfer would not be subject to approval of the Company and no legal opinion of legal counsel of the pledgee, secured party or pledgor
shall be required in connection therewith. Further, no notice shall be required of such pledge. At the Purchaser’s expense, the
Company will execute and deliver such reasonable documentation as a pledgee or secured party of Securities may reasonably request in connection
with a pledge or transfer of the Securities, including, if the Securities are then registered for resale on a registration statement,
the preparation and filing of any required prospectus supplement under Rule 424(b)(3) under the Securities Act or other applicable provision
of the Securities Act to appropriately amend the list of selling stockholders thereunder.

 

(c)   Certificates
evidencing the Commitment Shares, Warrant Shares and the Underlying Shares shall not contain any legend (including the legend set forth
in Section 4.1(b) hereof): (i) when they have been sold while a registration statement (including
the Registration Statement) covering the resale of such security is effective under the Securities Act, (ii) following any sale of such
Commitment Shares, Warrant Shares and/or the Underlying Shares pursuant to Rule 144, (iii) if such Commitment Shares, Warrant Shares and/or
the Underlying Shares are eligible for sale under Rule 144 and a sale or transfer will be taking place prior to the Company’s next
periodic report becomes due under the Exchange Act or (iv) if such legend is not required under applicable requirements of the Securities
Act (including judicial interpretations and pronouncements issued by the staff of the Commission). The Company shall cause its counsel
to issue a legal opinion to the Transfer Agent promptly after the Effective Date or at such time as such legend is no longer required
under this Section 4.1(c) if required by the Transfer Agent to affect the removal of the legend hereunder, or if requested by the Purchaser.
If any portion of the Note is converted or the Warrants are exercised at a time when there is an effective registration statement to cover
any sale of the Underlying Shares, Warrant Shares, or if such Commitment Shares, Warrant Shares and/or the Underlying Shares have been
sold under Rule 144 and the Company is then in compliance with the current public information required under Rule 144, or if the Commitment
Shares, Warrant Shares and/or the Underlying Shares may be sold under Rule 144 without the requirement for the Company to be in compliance
with the current public information required under Rule 144 as to such Commitment Shares, Warrant Shares and/or Underlying Shares and
without volume or manner-of-sale restrictions provided the conditions of Rule 144(i)(2) have been satisfied and a sale of such shares
will be taking place prior to the Company’s next annual or quarterly report becoming due under its reporting obligations under the
Exchange Act or if such legend is not otherwise required under applicable requirements of the Securities Act (including judicial interpretations
and pronouncements issued by the staff of the Commission) then such Commitment Shares, Warrant Shares and/or the Underlying Shares shall
be issued free of all legends. The Company agrees that following the Effective Date or at such time as such legend is no longer required
under this Section 4.1(c), it will, no later than the earlier of (i) three (3) Trading Days and (ii) the number of Trading Days comprising
the Standard Settlement Period (as defined below) following the delivery by the Purchaser to the Company or the Transfer Agent of certificate(s)
representing the Commitment Shares, Warrant Shares and/or the Underlying Shares, as applicable, issued with a restrictive legend (such
date, the “Legend Removal Date”), deliver or cause to be delivered to
the Purchaser a certificate representing such shares that is free from all restrictive and other legends. The Company may not make any
notation on its records or give instructions to the Transfer Agent that enlarge the restrictions on transfer set forth in this Section
4. Certificates for Commitment Shares, Warrant Shares and/or Underlying Shares subject to legend removal hereunder shall be transmitted
by the Transfer Agent to the Purchaser by crediting the account of the Purchaser’s prime broker with the Depository Trust Company
System as directed by the Purchaser. As used herein, “Standard Settlement Period”
means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect
to the Common Stock as in effect on the date of delivery of a certificate representing the Commitment Shares, Warrant Shares and/or the
Underlying Shares, as applicable, issued with a restrictive legend.

 

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(d)   In
addition to the Purchaser’s other available remedies, the Company shall pay to the Purchaser, in cash, the greater of (i) as partial
liquidated damages and not as a penalty, for each $1,000 of Commitment Shares, Warrant Shares and/or Underlying Shares (based on the VWAP
of the Common Stock on the date such Securities are submitted to the Transfer Agent) delivered for removal of the restrictive legend and
subject to Section 4.1(c), $5 per Trading Day (increasing to $10 per Trading Day three (3) Trading Days after such damages have begun
to accrue) for each Trading Day after the Legend Removal Date until such certificate is delivered without a legend and (ii) if the Company
fails to (x) issue and deliver (or cause to be delivered) to the Purchaser by the Legend Removal Date a certificate representing the Securities
so delivered to the Company by the Purchaser that is free from all restrictive and other legends or (y) if after the Legend Removal Date
the Purchaser purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the
Purchaser of all or any portion of the number of shares of Common Stock, or a sale of a number of shares of Common Stock equal to all
or any portion of the number of shares of Common Stock that the Purchaser anticipated receiving from the Company without any restrictive
legend, then, an amount equal to the excess of the Purchaser’s total purchase price (including brokerage commissions and other out-of-pocket
expenses, if any) for the shares of Common Stock so purchased (including brokerage commissions and other out-of-pocket expenses, if any)
(the “Buy-In Price”) over the product of (A) such number of Commitment
Shares, Warrant Shares and/or Conversion Shares, as applicable, that the Company was required to deliver to the Purchaser by the Legend
Removal Date multiplied by (B) the lowest closing sale price of the Common Stock on any Trading Day during the period commencing on the
date of the delivery by the Purchaser to the Company of the applicable Commitment Shares, Warrant Shares and/or Conversion Shares (as
the case may be) and ending on the date of such delivery and payment under this clause (ii).

 

4.2   Furnishing
of Information. Beginning on the Closing Date, the Company shall use commercially reasonable
efforts to comply with the Pink Basic Disclosure Guidelines which set forth the disclosure obligations that make up the “Alternative
Reporting Standard” for OTC Pink companies as such obligations are published by the OTC Markets Group, Inc. In addition, the Company
shall file a Registration Statement on Form 8-A as soon as practicable, but in no event no later than five (5) Trading Days, after the
effective date of first registration statement filed by the Company that is declared effective by the SEC which registers securities held
by the Purchaser or any of its Affiliates. If after the date hereof the Company becomes subject to the rules and regulations of
the Exchange Act and as long as the Purchaser owns Securities, the Company covenants to timely
file (or obtain extensions in respect thereof and file within the applicable grace period) and simultaneously provide to Purchasers, all
reports required to be filed by the Company after the date hereof pursuant to the Exchange Act. As long as the
Purchaser owns Securities, if the Company is not required to file reports pursuant to the Exchange Act, it will prepare and furnish
to the Purchaser and make publicly available in accordance with Rule 144(c) such information as is required for the Purchaser to sell
the Securities, including without limitation, under Rule 144. In addition, the Company shall file with Commission current “Form
10 information”, as defined in Rule 144(i)(3), as soon as practicable after the date the Company becomes subject to the rules and
regulations of the Exchange Act, reflecting its status as an entity that is no longer an issuer described in Rule 144(i)(1)(i). The Company
further covenants that it will take such further action as any holder of Securities may reasonably request, to the extent required from
time to time to enable such Person to sell such Securities without registration under the Securities Act, including without limitation,
within the requirements of the exemption provided by Rule 144. 

 

4.3   Integration.
The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2
of the Securities Act) that would be integrated with the offer or sale of the Securities in a manner that would require the registration
under the Securities Act of the sale of the Securities or that would be integrated with the offer or sale of the Securities for purposes
of the rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other
transaction unless shareholder approval is obtained before the closing of such subsequent transaction.

 

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4.4   Securities
Laws Disclosure; Publicity. The Company shall by 9:00am on the first Trading Day after the date of this Agreement, issue a press release
disclosing the material terms of the transactions contemplated hereby, which press release shall have been approved by the Purchaser prior
to its release (which approval shall not unreasonably be withheld or delayed). From and after the issuance of such press release, the
Company represents to the Purchaser that it shall have publicly disclosed all material, non-public information delivered to the Purchaser
by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees or agents in connection with the
transactions contemplated by the Transaction Documents. In addition, effective upon the issuance of such press release, the Company acknowledges
and agrees that any and all confidentiality or similar obligations under any agreement, whether written or oral, between the Company,
any of its Subsidiaries or any of their respective officers, directors, agents, employees or Affiliates on the one hand, and the Purchaser
or any of its Affiliates on the other hand, shall terminate. The Company and the Purchaser shall consult with each other in issuing any
other press releases with respect to the transactions contemplated hereby, and neither the Company nor the Purchaser shall issue any such
press release nor otherwise make any such public statement without the prior consent of the Company, with respect to any press release
of the Purchaser, or without the prior consent of the Purchaser, with respect to any press release of the Company, which consent shall
not unreasonably be withheld or delayed, except if such disclosure is required by law, in which case the disclosing party shall promptly
provide the other party with prior notice of such public statement or communication. Notwithstanding the foregoing, the Company shall
not, without the prior written consent of the Purchaser, (a) use the name of the Purchaser, “Arena Investors LP,” “Arena”
or any other derivative thereof (each, a “Trade Name”) in any press releases or other public disclosures (including
in any filing with the Commission or any regulatory agency or Trading Market), offering documents, sales materials, brochures or similar
publicity or promotional materials, or for promotional purposes, whether orally or in writing, except (x) as required by federal
securities law and the rules and regulations promulgated thereunder in connection with the filing of final Transaction Documents, any
disclosure required pursuant to any reports required to be filed by the Company pursuant to the Exchange Act after the date hereof or
the Registration Statement with the Commission, (y) to the extent such disclosure is required by law or Trading Market regulations,
including the “Alternative Reporting Standard” required by OTC Markets, in which
case the Company shall provide the Purchaser with prior notice of such disclosure permitted under this clause (y), or (z) as required
under Delaware General Corporation Law or (b) represent that an investment in the Company or any product or any service provided by the
Company has been approved or endorsed by the Purchaser. Following any such written consent, which
shall not be unreasonably withheld or delayed, the Company shall provide the Purchaser with a copy of such written or other materials
using the Trade Name if requested by the Purchaser. The Purchaser shall be deemed to have provided prior written consent of the disclosure
of the Purchaser’s name to other stockholders and investors in the Company, and to potential investors in the Company (that to the
extent such information has not already been publicly disclosed, have been informed of the confidential nature thereof) that in the course
of their due diligence require disclosure of the identity of the existing investors in the Company.

 

4.5   Shareholder
Rights Plan. No claim will be made or enforced by the Company or, with the consent of the Company,
any other Person, that the Purchaser is an “Acquiring Person” under any
control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or similar anti-takeover
plan or arrangement in effect or hereafter adopted by the Company, or that the Purchaser could be deemed to trigger the provisions of
any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents.

 

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4.6   Non-Public
Information.  Except with respect to the material terms and conditions
of the transactions contemplated by the Transaction Documents, which shall be disclosed pursuant to Section 4.4, the Company covenants
and agrees that neither it, nor any other Person acting on its behalf will provide the Purchaser or its agents or counsel with any information
that constitutes, or the Company reasonably believes constitutes, material non-public information,
unless prior thereto the Purchaser shall have consented to the receipt of such information and agreed with the Company to keep such information
confidential. The Company understands and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions
in securities of the Company. To the extent that the Company delivers any material, non-public information
to the Purchaser without the Purchaser’s consent, the Company hereby covenants and agrees that the Purchaser shall not have any
duty of confidentiality to the Company, any of its Subsidiaries, or any of their respective officers, directors, agents, employees or
Affiliates, or a duty to the Company, any of its Subsidiaries or any of their respective officers, directors, agents, employees or Affiliates
not to trade on the basis of, such material, non-public information, provided that the Purchaser
shall remain subject to applicable law. To the extent that any notice provided pursuant to any Transaction Document constitutes, or contains,
material, non-public information regarding the Company or any Subsidiaries, the Company shall
simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K or if not subject to the reporting
requirements under the Commission, file a press release. The Company understands and confirms that
the Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company.

 

4.7   Use
of Proceeds. Subject to the terms and conditions set forth on Schedule 4.7 attached
hereto, the Company shall use the net proceeds from the sale of the Securities hereunder for working capital purposes and shall not use
such proceeds: (a) for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary
course of the Company’s business and prior practices), (b) for the redemption of any Common Stock or Common Stock Equivalents, (c) for
the settlement of any outstanding litigation or (d) in violation of FCPA, OFAC regulations or Money Laundering, Anti-Corruption and
Anti-Bribery Laws. Notwithstanding the foregoing, the Company may receive permission to use such funds to the extent expressly agreed
to in advance, in writing (including electronic mail) by the Purchaser. Notwithstanding anything to the contrary in the Transaction Documents
or otherwise, neither the Company nor its Subsidiaries may use any portion of the Purchase Price or any other proceeds from the
Purchaser or any of its Affiliates to pay any liquidated damages, penalties, fees or other amounts due and payable to the Purchaser or
its Affiliates under the Transaction Documents or otherwise without the express advance written consent of the Purchaser.

 

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4.8   Indemnification
of Purchaser.  Subject to the provisions of this Section 4.8, in
addition to and not in substitution for any other indemnification provision by the Company, the
Company will indemnify and hold the Purchaser and its respective directors, officers, shareholders, managers, members, partners, employees
and agents (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title
or any other title), each Person who controls the Purchaser (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), and the directors, officers, shareholders, agents, managers, members, partners, advisers, or employees (and any
other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title)
of such controlling persons (each, a “Purchaser Party”) harmless from
any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts
paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation that any such Purchaser Party may suffer
or incur as a result of or relating to (a) the administration, performance or enforcement by the Purchasers of any of the Transaction
Documents or consummation of any transaction described therein, (b) any breach of any of the representations, warranties, covenants or
agreements made by the Company in this Agreement or in the other Transaction Documents, or (c) any Proceeding, whether or not any Purchaser
Party is a party thereto (including Proceedings instituted by any governmental authority or any holder of any equity interest in, or other
direct or indirect investor in, the Company who is not an Affiliate of such Purchaser Party) with respect to any of the Transaction Documents
or the transactions contemplated therein (unless such action is solely based upon a material breach of such Purchaser Party’s representations,
warranties or covenants under the Transaction Documents or any agreements or understandings such Purchaser Party may have with any such
stockholder or any violations by such Purchaser Party of state or federal securities laws or any conduct by such Purchaser Party which
is finally judicially determined to constitute fraud, gross negligence or willful misconduct). Additionally, if any taxes (excluding taxes
imposed upon or measured solely by the net income of the recipient of any payment made under any Transaction Document, but including any
intangibles tax, stamp tax, recording tax or franchise tax) shall be imposed on the Company or Purchaser Party, whether or not lawfully
payable, on account of the execution or delivery of this Agreement, or the execution, delivery, issuance or recording of any of the other
Transaction Documents, or the creation or repayment of any of obligations hereunder, by reason of any applicable regulations now
or hereafter in effect, the Company shall pay (or shall promptly reimburse such Purchaser Party for the payment of) all such taxes,
including any interest, penalties, expenses and other Losses with respect thereto), and will indemnify and hold the Purchaser Parties
harmless from and against all Losses arising therefrom or in connection therewith, as incurred,
and in addition to items set forth above, arising out of or relating to (i) any untrue or alleged untrue statement of a material
fact contained in any registration statement filed by the Company, any prospectus or any form of prospectus or in any amendment or supplement
thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein (in the case of any prospectus or supplement thereto, in the light of
the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that such untrue statements
or omissions are based solely upon information regarding such Purchaser Party furnished in writing to the Company by such Purchaser Party
expressly for use therein, or (ii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any
state securities law, or any rule or regulation thereunder in connection therewith. If any action shall be brought against any Purchaser
Party in respect of which indemnity may be sought pursuant to this Agreement, such Purchaser Party shall promptly notify the Company in
writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable to
the Purchaser Party. Any Purchaser Party shall have the right to employ separate counsel in any such action and participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of such Purchaser Party except to the extent that (x) the
employment thereof has been specifically authorized by the Company in writing, (y) the Company has failed after a reasonable period
of time to assume such defense and to employ counsel or (z) in such action there is, in the reasonable opinion of counsel, a material
conflict on any material issue between the position of the Company and the position of such Purchaser Party, in which case the Company
shall be responsible for the reasonable fees and expenses of no more than one such separate counsel. The Company will not be liable to
any Purchaser Party under this Agreement (1) for any settlement by a Purchaser Party effected without the Company’s prior written
consent, which shall not be unreasonably withheld or delayed; or (2) to the extent, but only to the extent that a loss, claim, damage
or liability is solely attributable to any Purchaser Party’s knowing breach of any of the representations, warranties, covenants
or agreements made by such Purchaser Party in this Agreement or in the other Transaction Documents. The indemnification required by this
Section 4.8 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when
bills are received or are incurred. The indemnity agreements contained herein shall be in addition to any cause of action or similar right
of any Purchaser Party against the Company or others and any liabilities the Company may be subject to pursuant to law. 

 

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4.9   Reservation
of Common Stock. As of the date hereof, the Company has reserved and the Company shall continue
to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock equal to the Required
Minimum (as defined in the Note) for the purpose of enabling the Company to issue the Conversion Shares and any other shares that may
be issuable pursuant to the Note together with any Warrant Shares issuable upon exercise of the Warrants. If, on any date, the
number of authorized but unissued (and otherwise unreserved) shares of Common Stock is less than the Required Minimum on such date, then
the Board of Directors shall use commercially reasonable efforts to amend the Company’s certificate or articles of incorporation
to increase the number of authorized but unissued shares of Common Stock to at least the Required Minimum at such time, as soon as possible
and in any event not later than the 75th day after such date

 

4.10   Listing
of Common Stock. The Company hereby agrees to use reasonable best efforts to maintain the listing
or quotation of the Common Stock on the Trading Market on which it is currently listed, and concurrently with the Closing, the Company
shall apply to list or quote all of the Commitment Shares, Warrant Shares and the Underlying Shares on such Trading Market and promptly
secure the listing of all of the Commitment Shares, Warrant Shares and the Underlying Shares on such Trading Market. The Company further
agrees, if the Company applies to have the Common Stock traded on any other Trading Market (including in accordance with Section 4.23),
it will then include in such application all of the Commitment Shares, Warrant Shares and the Underlying Shares, and will take such other
action as is necessary to cause all of the Commitment Shares, Warrant Shares and the Underlying Shares to be listed or quoted on such
other Trading Market as promptly as possible. The Company will then take all action reasonably necessary to continue the listing and trading
of its Common Stock on such Trading Market and will comply in all respects with the Company’s reporting, filing and other obligations
under the bylaws or rules of the Trading Market. The Company agrees to maintain the eligibility of the Common Stock for electronic transfer
through the Depository Trust Company or another established clearing corporation, including, without limitation, by timely payment of
fees to the Depository Trust Company or such other established clearing corporation in connection with such electronic transfer.

 

4.11   Certain
Transactions and Confidentiality. The Purchaser covenants that neither it nor any Affiliate
acting on its behalf or pursuant to any understanding with it will execute any purchases or sales, including Short Sales of any of the
Company’s securities during the period commencing with the execution of this Agreement and ending at such time that the transactions
contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4. 
The Purchaser covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company
pursuant to the initial press release as described in Section 4.4, such Purchaser will maintain the confidentiality of the existence
and terms of this transaction and the information included in the Disclosure Schedules. Notwithstanding the foregoing and notwithstanding
anything contained in this Agreement to the contrary, the Company expressly acknowledges and agrees that (i) no Purchaser makes any
representation, warranty or covenant hereby that it will not engage in effecting transactions in any securities of the Company after the
time that the transactions contemplated by this Agreement are first publicly announced, (ii) no Purchaser shall be restricted or prohibited
from effecting any transactions in any securities of the Company in accordance with applicable securities laws from and after the time
that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in
Section 4.4, (iii) the Purchaser has not been asked by the Company to agree, nor has the
Purchaser agreed, to desist from purchasing or selling Securities which have been issued under the terms of this Agreement, the
Note or any other Transaction Document, or “derivative” securities based on securities issued by the Company or to hold the
Securities for any specified term, (iv) the Purchaser shall not be deemed to have any affiliation with or control over any arm’s
length counter-party in any “derivative” transaction, (v) the Purchaser may engage in hedging activities, other than
Short Sales at various times during the period that the Securities are outstanding, and (vi) no
Purchaser shall have any duty of confidentiality or duty not to trade in the securities of the Company to the Company or its Subsidiaries
after the issuance of the initial press release. Except as contemplated above, Company acknowledges that such aforementioned
hedging activities do not constitute a breach of any of the Transaction Documents.

 

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4.12   Conversion
Procedures. The form of Notice of Conversion in the Note sets forth the totality of the procedures
required of the Purchaser in order to convert the Note. No additional legal opinion, other information or instructions shall be required
of the Purchaser to exercise the Note. Without limiting the preceding sentences, no ink-original Notice
of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion
form be required in order to covert the Note. The Company shall honor conversions of the Note and shall deliver the Underlying Shares
in accordance with the terms, conditions and time periods set forth in the Transaction Documents.

 

4.13   Form
D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Securities
with the Commission as required under Regulation D, and with the applicable securities regulators in the states in which the Securities
were sold, and to provide copies thereof, promptly upon request of the Purchaser. The Company shall take such further action as the Company
shall reasonably determine is necessary in order to obtain an exemption for, or to qualify the Securities for, sale to the Purchaser at
the Closing under applicable securities or “Blue Sky” laws of the states of the United States, and shall provide evidence
of such actions promptly upon request of the Purchaser.

 

4.14   Maintenance
of Property. So long as the Note remains outstanding, the Company shall use its commercially reasonable efforts to keep all of its
property, which is necessary or useful to the conduct of its business, in good working order and condition, ordinary wear and tear excepted.

 

4.15   Preservation
of Corporate Existence. So long as the Note remains outstanding, the Company shall preserve and maintain its corporate existence,
rights, privileges and franchises in the jurisdiction of its incorporation, and qualify and remain qualified, as a foreign corporation
in each jurisdiction in which such qualification is necessary in view of its business or operations and where the failure to qualify or
remain qualified would reasonably be expected to have a Material Adverse Effect.

 

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4.16   DTC
Program. At all times that the Securities are outstanding, the Company will employ as the transfer agent for the Common Stock and
Conversion Shares a participant in the Depository Trust Company Automated Securities Transfer Program and cause the Common Stock to be
transferable pursuant to such program.

 

4.17   Subsequent
Equity Sales. From the date hereof until such time as the Purchaser no longer holds the
Note, the Company shall be prohibited from effecting or entering into an agreement to effect any issuance by the Company or any of its
Subsidiaries of Common Stock or Common Stock Equivalents (or a combination of units thereof) involving a Variable Rate Transaction. “Variable
Rate Transaction” means a transaction which is not Permitted Indebtedness and in which the Company (i) issues or sells any debt
or equity securities that are convertible into, exchangeable or exercisable for, or include the right to receive additional shares of
Common Stock either (A) at a conversion price, exercise price or exchange rate or other price that is based upon and/or varies with the
trading prices of or quotations for the shares of Common Stock at any time after the initial issuance of such debt or equity securities,
or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of
such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to the business of
the Company or the market for the Common Stock or (ii) enters into, or effects a transaction under, any agreement, including, but not
limited to, an equity line of credit, whereby the Company may issue securities at a future determined price. The foregoing restrictions
shall not include any agreement for an at-the-market offering. The Purchaser shall be entitled to obtain injunctive relief against the
Company to preclude any such issuance, which remedy shall be in addition to any right to collect damages.

 

4.18   Transfer
Agent Instructions. The Company shall issue irrevocable instructions to the Transfer Agent in a form acceptable to the Purchaser (the
“Irrevocable Transfer Agent Instructions”) to issue certificates or credit shares via DWAC or otherwise to the applicable
balance accounts at The Depository Trust Company (“DTC”), registered in the name of the Purchaser or its respective
nominee(s), for the Underlying Shares and Warrant Shares in such amounts as specified from time to time by the Purchaser to the Company
upon conversion of the Note or exercise of the Warrant. The Company represents and warrants that no instruction other than the Irrevocable
Transfer Agent Instructions referred to in this Section will be given by the Company to its Transfer Agent with respect to the Securities,
and that the Securities shall otherwise be freely transferable on the books and records of the Company, as applicable, to the extent provided
in this Agreement and the other Transaction Documents. In the event that such sale, assignment or transfer involves Conversion Shares
and/or Warrant Shares sold, assigned or transferred pursuant to an effective registration statement or in compliance with Rule 144, the
transfer agent shall issue such shares to such Buyer, assignee or transferee (as the case may be) without any restrictive legend in accordance
with Section 4.1. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to Purchaser.
Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Section will be inadequate and
agrees, in the event of a breach or threatened breach by the Company of the provisions of this Section, that Purchaser shall be entitled,
in addition to all other available remedies, to an order and/or injunction restraining any breach and requiring immediate issuance and
transfer, without the necessity of showing economic loss and without any bond or other security being required. The Company shall cause
its counsel to issue the legal opinion referred to in the Irrevocable Transfer Agent Instructions to the Company’s transfer agent
from and after the Applicable Date. Any fees (with respect to the transfer agent, counsel to the Company or otherwise) associated with
the issuance of such opinion or the removal of any legends on any of the Securities shall be borne by the Company. “Applicable
Date” means the first date on which all of the Underlying Shares are eligible to be resold by the Purchaser pursuant to Rule
144 or an effective registration statement is in effect.

 

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4.19   Public
Information. At any time during the period commencing from the six (6) month anniversary of the Effective Date and ending at such
time that all of the Securities, may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise
without restriction or limitation pursuant to Rule 144, if the Company shall fail for any reason to satisfy the current public information
requirement under Rule 144(c) (a “Public Information Failure”) then, in addition to the Purchaser’s other available
remedies, the Company shall pay to the Purchaser, in cash, as partial liquidated damages
and not as a penalty, by reason of any such delay in or reduction of its ability to sell the Securities, an amount in cash equal to two
percent (2.0%) of the aggregate Purchase Price of the Purchaser’s Securities on the
day of a Public Information Failure and on every thirtieth (30th) day (pro rated for periods totaling less than thirty days)
thereafter until the earlier of (a) the date such Public Information Failure is cured and (b) such time that such public information is
no longer required for the Purchaser to transfer the Underlying Shares pursuant to Rule 144. The payments to which the
Purchaser shall be entitled pursuant to this Section 4.19 are referred to herein as “Public Information Failure Payments.”
Public Information Failure Payments shall be paid on the earlier of (i) the last day of the calendar month during which such Public Information
Failure Payments are incurred and (ii) the third (3rd) Business Day after the event or failure giving rise to the Public Information
Failure Payments is cured. If an Event (as defined in the Registration Rights Agreement) is occurring at the time of a Public Information
Failure, and the Company is (x) then obligated to pay, and (y) timely pays the Purchaser partial liquidated damages under Section 2(d)
of the Registration Rights Agreement for the period occurring simultaneous with the applicable Public Information Failure (such payments,
the “Simultaneous Registration Rights Partial Liquidated Damages”) and (z) has timely paid the Purchaser all previously
accrued partial liquidated damages under Section 2(d) of the Registration Rights Agreement, the Company may deduct the amounts paid in
connection with such Simultaneous Registration Rights Partial Liquidated Damages from such Public Information Failure Payments due for
such simultaneous Public Information Failure. In the event the Company fails to make Public Information Failure Payments in a timely manner,
such Public Information Failure Payments shall bear interest at the rate of 1.5% per month (prorated for partial months) until paid in
full. Nothing herein shall limit such Purchaser’s right to pursue actual damages for the Public Information Failure, and the
Purchaser shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree
of specific performance and/or injunctive relief.

 

4.20   Litigation.
For as long as the Note is outstanding, the Company shall promptly, to the extent not prohibited by law, give the Purchaser notice in
writing of any Action before or by any court, arbitrator, governmental or administrative agency
or regulatory authority (federal, state, county, local or foreign) affecting the Company, any Subsidiary, any director and/or officer
including but not limited to, any Action involving a claim of violation of or liability under federal
or state securities laws, a claim of breach of fiduciary duty or any investigation by a governmental or administrative agency or regulatory
authority (federal, state county, local or foreign). Any such information provided to the
Purchaser shall comply with the requirements of Section 4.6 above.

 

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4.21   Access
to Records. The Company shall provide the Purchaser and/or any of its duly authorized
representatives, attorneys or accountants access to any and all bank records at the premises of the Company where such records are kept,
such access being afforded without charge, but only during normal business hours. Any such information provided to the
Purchaser shall comply with the requirements of Section 4.6 above.

 

4.22   OTC
Markets; National Securities Exchange. 

 

(a)   As
soon as reasonably practicable after the Closing, the Company shall use its reasonable best efforts to meet the eligibility requirements
for listing its shares of Common Stock on the OTCQB or OTCQX and upon meeting such requirements, the Company shall promptly take all necessary
and appropriate actions to quote its shares of Common Stock on such over-the-counter market. 

 

(b)   As
soon as reasonably practicable after the Company meets the qualitative and quantitative listing standards for listing on a national securities
exchange, the Company shall use reasonable best efforts to take all necessary and appropriate actions to list its shares of Common
Stock for trading on such national securities exchange.

 

4.23   Post-Closing
Actions. The Company shall and shall cause each of its relevant Subsidiaries to execute and deliver the documents and complete
the tasks set forth in this Section as soon as reasonably practicable and in each case no later than the time limit specified in this
Section or such longer time as the Purchaser may agree in its sole discretion:

 

(a)   Any
Person acquired by the Company, or that otherwise becomes a Subsidiary of the Company, on or after the date of this Agreement shall enter
into a Subsidiary Guaranty Agreement and be joined to the Security Agreement as a debtor not later than one (1) calendar day after the
consummation of such acquisition by the Company or the date the Person otherwise becomes a Subsidiary of the Company.

 

4.24   Except
for Permitted Indebtedness and for so long as Liabilities are outstanding, neither the Company, nor any of its Subsidiaries, shall enter
into, create, incur, assume, guarantee or suffer to exist any Indebtedness. Despite the foregoing prohibition and for so long as Liabilities
are outstanding, if at any time the Company or any of its Subsidiaries issues or incurs any Indebtedness other than Permitted Indebtedness,
in addition to the Purchaser’s other available remedies and rights under the Notes, the Company shall pay to the Purchaser, in cash,
as partial liquidated damages and not as a penalty, on each date of any such issuance or incurrence of Indebtedness, $30,000. Any such
Indebtedness shall be expressly subordinated to the Note and the holders of such Indebtedness pursuant to a subordination agreement acceptable
to Purchasers, shall not be granted any registration rights, nor shall the Company register, or cause to be registered, with the SEC or
any state securities commission the notes or other debt instruments representing such Indebtedness or any equity securities issuable in
connection with such Indebtedness.

 

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ARTICLE 5

MISCELLANEOUS

 

5.1   Fees
and Expenses. Except as expressly set forth below and in the Transaction Documents to the contrary, each party shall pay the reasonable,
documented fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such
party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer
Agent fees (including, without limitation, any fees required for same-day processing of any instruction letter delivered by the Company
and any exercise notice delivered by the Purchaser), stamp taxes and other taxes and duties
levied in connection with the delivery of any Securities to the Purchaser. Notwithstanding the foregoing, the Company agrees to pay all
direct and indirect costs and expenses of the Purchaser related to the negotiation, due diligence, preparation, closing, and all other
items regarding or related to this Agreement and the other Transaction Documents and all of the transactions contemplated herein and/or
therein, including, but not limited to, the legal fees and expenses of the Purchaser’s legal counsel (collectively, the “Purchaser’s
Expenses”), all of which will be deducted and paid on Closing Date.

 

5.2   Entire
Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect
to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

5.3   Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall
be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via receipted
confirmed email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New York
City time) on a Business Day, (b) the next Business Day after the date of transmission, if such notice or communication is delivered via
receipt confirmed email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a Business
Day or later than 5:30 p.m. (New York City time) on any Business Day, (c) the second (2nd) Business Day following the date
of mailing, if sent by U.S. nationally recognized overnight courier service, receipt acknowledged or (d) upon actual receipt by the party
to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages
attached hereto.

 

5.4   Amendments;
Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in
the case of an amendment, by the Company and the Purchaser or, in the case of a waiver, by the party against whom enforcement of any such
waived provision is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be
deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of
any such right. Any amendment effected in accordance with accordance with this Section 5.4 shall be binding upon the Purchaser and holder
of Securities and the Company.

 

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5.5   Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.
The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchaser then
holding the outstanding Note (other than by merger). Purchaser may assign any or all of its rights under this Agreement to any Person
to whom Purchaser assigns or transfers any Securities in compliance with the Transaction Documents, provided that such transferee agrees
in writing to be bound, with respect to the transferred Securities, by the provisions of the Transaction Documents that apply to the “Purchaser,”
and provided further that (i) such transferee is an “accredited investor” within the meaning of Rule 501 under the Securities
Act and (ii) such transferee is not a direct competitor of the Company or any Subsidiary.

 

5.6   No
Third-Party Beneficiaries. Except with respect to the indemnification provisions, this Agreement is intended for the benefit of the
parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced
by, any other Person.

 

5.7   Governing
Law; Exclusive Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of the Transaction
Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard
to the principles of conflicts of law thereof. Each party agrees that all legal Proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto
or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively
in the state and federal courts sitting in the County of Clark, Nevada. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in the County of Clark, Nevada for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction
Documents), and hereby irrevocably waives, and agrees not to assert in any Action or Proceeding, any claim that it is not personally subject
to the jurisdiction of any such court, that such Action or Proceeding is improper or is an inconvenient venue for such Proceeding. Each
party hereby irrevocably waives personal service of process and consents to process being served in any such Action or Proceeding by mailing
a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect
for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.
If any party shall commence an Action or Proceeding to enforce any provisions of the Transaction Documents, then, in addition to the obligations
of the Company elsewhere in this Agreement, the prevailing party in such Action or Proceeding shall be reimbursed by the non-prevailing
party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution
of such Action or Proceeding.

 

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5.8   Survival.
The representations and warranties contained herein shall survive the Closing and the delivery of the Securities at Closing.

 

5.9   Execution.
This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that
the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery
of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original
thereof.

 

5.10   Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired, or invalidated, as long as the essential terms and conditions of the Note for each
party remain valid, binding, and enforceable. The parties shall use their commercially reasonable efforts to find and employ an alternative
means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction.

 

5.11   Rescission
and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting
any similar provisions of) any of the other Transaction Documents, whenever the Purchaser exercises a right, election, demand or option
under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then
the Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice,
demand or election in whole or in part without prejudice to its future actions and rights; provided,
however, that, in the case of a rescission of a conversion of the Note, the Purchaser
shall be required to return any shares of Common Stock subject to any such rescinded conversion or exercise notice concurrently with the
return to the Purchaser of the aggregate exercise price paid to the Company for such shares.

 

5.12   Replacement
of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost,
stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in
the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably
satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances
shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.

 

5.13   Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, each of the Purchaser
and the Company will be entitled to specific performance under the Transaction Documents. The parties agree that monetary damages may
not be adequate compensation for any loss incurred by reason of any breach of obligations contained in the Transaction Documents and hereby
agree to waive and not to assert in any Action for specific performance of any such obligation the defense that a remedy at law would
be adequate.

 

    -43-

     

    

 

5.14   Payment
Set Aside. To the extent that the Company makes a payment or payments to the Purchaser pursuant
to any Transaction Document or the Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds
of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside,
recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other
Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action),
then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued
in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

 

5.15   Usury.
To the extent it may lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever claim, and will
resist any and all efforts to be compelled to take the benefit or advantage of, usury laws wherever enacted, now or at any time hereafter
in force, in connection with any Action or Proceeding that may be brought by the Purchaser in order to enforce any right or remedy under
any Transaction Document. Notwithstanding any provision to the contrary contained in any Transaction Document, it is expressly agreed
and provided that the total liability of the Company under the Transaction Documents for payments in the nature of interest shall not
exceed the maximum lawful rate authorized under applicable law (the “Maximum Rate”),
and, without limiting the foregoing, in no event shall any rate of interest or default interest, or both of them, when aggregated with
any other sums in the nature of interest that the Company may be obligated to pay under the Transaction Documents exceed such Maximum
Rate. It is agreed that if the maximum contract rate of interest allowed by law and applicable to the Transaction Documents is increased
or decreased by statute or any official governmental action subsequent to the date hereof, the new maximum contract rate of interest allowed
by law will be the Maximum Rate applicable to the Transaction Documents from the effective date thereof forward, unless such application
is precluded by applicable law. If under any circumstances whatsoever, interest in excess of the Maximum Rate is paid by the Company to
the Purchaser with respect to indebtedness evidenced by the Transaction Documents, such excess shall be applied by the Purchaser to the
unpaid principal balance of any such indebtedness or be refunded to the Company, the manner of handling such excess to be at the Purchaser’s
election.

 

5.16   Independent
Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under
any Transaction Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible
in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained
herein or in any other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute
the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers
are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents.
Each Purchaser shall be entitled to independently protect and enforce its rights including, without limitation, the rights arising out
of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an
additional party in any Proceeding for such purpose. Each Purchaser has been represented by its own separate legal counsel in its review
and negotiation of the Transaction Documents. For reasons of administrative convenience only, each Purchaser and its respective counsel
have chosen to communicate with the Company through Sullivan & Worcester LLP. Sullivan & Worcester does not represent any of the
Purchasers other than Arena Investors LP. The Company has independently elected to provide all Purchasers with the same terms and Transaction
Documents for the convenience of the Company and not because it was required or requested to do so by any of the Purchasers. It is expressly
understood and agreed that each provision contained in this Agreement and in each other Transaction Document is between the Company and
a Purchaser, solely, and not between the Company and the Purchasers collectively and not between and among the Purchasers.

 

    -44-

     

    

 

5.17   Liquidated
Damages. The Company’s obligations to pay any partial liquidated damages or other amounts
owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated
damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated
damages or other amounts are due and payable shall have been canceled.

 

5.18   Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted
herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.

 

5.19   Construction.
The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents
and, therefore, 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 the Transaction Documents or any amendments thereto.

 

5.20   WAIVER
OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY
AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES
FOREVER TRIAL BY JURY.

 

(Signature
Pages Follow)

 

    -45-

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	OPTIMUS HEALTHCARE SERVICES, INC.  

 

	 	Address for Notice: 
	 	
    
	 	1400 Old Country Road 
	 	
    
	 	Suite 306 
	 	
    
	 	Westbury, NY 11590 
	 	 	 	 
	By:		 	Email:
	Name: 	Marc Wiener	 	mwiener@theoptimushealthcare.com
	Title: 	Chief Executive Officer	 	 
	 	 	 	 
	With a copy to (which shall not constitute notice):
	 	 	 	 
	Cliff Saffron	 	 
	General Counsel and Chief Financial Officer
	1400 Old Country Road	 	 
	Suite 306	 	 
	Westbury, NY  11590	 	 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

 

SIGNATURE PAGE FOR PURCHASER FOLLOWS]

 

    -46-

     

    

 

PURCHASER
SIGNATURE PAGES TO HOPS SECURITIES PURCHASE AGREEMENT

 

IN WITNESS WHEREOF, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.

 

Name of Purchaser: Arena Investors, LP, on
behalf of its clients listed in Schedule 1

 

Signature of Authorized Signatory of Purchaser:
__________________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Chief Operating
Officer

 

Email Address of Authorized Signatory: lcutler@arenaco.com

 

Facsimile Number of Authorized Signatory: 212.612.3207

 

Address for Notice to Purchaser:

 

405 Lexington Avenue, 59th Floor

 

New York, NY 10174

 

Address for Delivery of Securities to Purchaser (if not same as address
for notice):

 

FEIN Number: ______________

 

    -47-

     

    

 

EXHIBIT A

 

Form of Note

 

    -48-

     

    

 

NEITHER THIS SECURITY NOR THE SECURITIES INTO
WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH
SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED
IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Original Issue Date: June 7, 2022

 

Original Principal Amount: $

 

Purchase Price: $

 

ORIGINAL
ISSUE DISCOUNT SENIOR SECURED

 

CONVERTIBLE
PROMISSORY NOTE

 

DUE
JUNE 7, 2024

 

THIS ORIGINAL ISSUE DISCOUNT
SENIOR SECURED CONVERTIBLE PROMISSORY NOTE is a duly authorized and validly issued debt obligation of Optimus Healthcare Services, Inc.,
a Florida corporation (which was formerly known as Between Dandelions, Inc.) (the “Company” or the “Borrower”),
having its principal place of business at 1400 Old Country Road, Suite 306, Westbury, NY 11590, designated as its Original Issue Discount
Senior Secured Convertible Promissory Note due June 7, 2024 (the “Note”).

 

FOR VALUE RECEIVED, the Company
promises to pay to ____ or its registered assigns (the “Holder”), or shall have paid pursuant to the terms hereunder,
the principal sum of $ and any other sums due hereunder on June 7, 2024 (the “Maturity Date”), or such earlier date
as this Note is required or permitted to be repaid as provided hereunder, and to pay interest to the Holder on the aggregate unconverted
and then outstanding principal amount of this Note in accordance with the provisions hereof. This Note is subject to the following additional
provisions:

 

Section 1. Definitions.
For the purposes hereof, in addition to the terms defined elsewhere in this Note, (a) capitalized terms not otherwise defined herein shall
have the meanings set forth in the Purchase Agreement and (b) the following terms shall have the following meanings:

 

“Bankruptcy
Event” means any of the following events: (a) the Company commences a case or other proceeding under any bankruptcy, reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating
to the Company, (b) there is commenced against the Company any such case or proceeding that is not dismissed within 60 days after commencement,
(c) the Company is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered,
(d) the Company suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged
or stayed within 60 calendar days after such appointment, (e) the Company makes a general assignment for the benefit of creditors, (f)
the Company calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts or (g) the
Company, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes
any corporate or other action for the purpose of effecting any of the foregoing.

 

    -49-

     

    

 

“Beneficial
Ownership Limitation” shall have the meaning set forth in Section 4(d).

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which the New York Federal Reserve Bank is closed.

 

“Buy-In”
shall have the meaning set forth in Section 4(c)(v).

 

“Change
of Control Transaction” means the occurrence after the date hereof of any of the following: (a) an acquisition after the date
hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of
effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess
of fifty percent (50%) of the voting securities of the Company (other than by means of conversion or exercise of the Note), (b) the Company
merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect
to such transaction, the stockholders of the Company immediately prior to such transaction own less than fifty-one percent (51%) of the
aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially
all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than fifty-one
percent (51%) of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or
within a twelve month period of more than one-half of the members of the Board of Directors which is not approved by a majority of those
individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of
the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of
Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or
by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

 

    -50-

     

    

 

“Conversion
Date” shall have the meaning set forth in Section 4(a).

 

“Conversion
Price” shall have the meaning set forth in Section 4(b).

 

“Conversion
Shares” means, collectively, the shares of Common Stock issuable upon conversion of this Note in accordance with the terms hereof.

 

“Distribution”
shall have the meaning set forth in Section 5(c).

 

“Event
of Default” shall have the meaning set forth in Section 6(a).

 

“Equity
Conditions” means, during the period in question, (a) the Company shall have duly honored all conversions and redemptions scheduled
to occur or occurring by virtue of one or more Notices of Conversion of the Holder, if any, (b) the Company shall have paid all liquidated
damages and other amounts owing to the Holder in respect of this Note, (c) the Common Stock is trading on a Trading Market and all of
the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Company believes,
in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (d) there
is a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock for the issuance of all of the shares
issuable pursuant to the Transaction Documents (including upon conversion of the outstanding principal amount of the Note), (e) there
is no existing Event of Default or no existing event which, with the passage of time or the giving of notice, would constitute an Event
of Default, (f) the issuance of the shares in question to the Holder would not violate the limitations set forth in Section 4(d)
herein, (g) there has been no public announcement of a pending or proposed Fundamental Transaction or Change of Control Transaction that
has not been consummated, (h) the Holder is not in possession of any information provided by the Company that constitutes, or may constitute,
material non-public information, and (i) a registration statement as contemplated by the Registration Rights Agreement is effective.

 

“Late Fees”
shall have the meaning set forth in Section 2(d).

 

“Mandatory
Default Amount” means either, at the Holder’s discretion (i) the conversion of the outstanding principal amount of this
Note, and, at the Holder’s election, all accrued and unpaid interest hereon, converted at the Alternate Conversion Price, or (ii)
the payment of 100% of the outstanding principal amount of this Note and accrued and unpaid interest hereon, in addition to, for both
(i) and (ii) above, the payment in cash of all other amounts, costs, expenses and liquidated damages due in respect of this Note. In the
event the Holder makes the election described in (i) above but does not elect to receive Conversion Shares in respect of all accrued and
unpaid interest on the Note, all accrued and unpaid interest shall be paid to the Holder in cash no later than the date the Conversion
Shares are required to be delivered to the Holder.

 

    -51-

     

    

 

“Mandatory
Prepayment Amount” means, with respect to any repayment in cash, at any time with respect to any principal amount, the sum of
(a) one hundred fifteen percent (115%) of the sum of the outstanding principal amount at such time and all accrued interest hereon unpaid
at such time, and (b) all other amounts, costs, fees (including Late Fees), expenses, indemnification and liquidated and other damages
and other amounts due to the Holder or any other Purchaser Party in respect of this Note or any other Transaction Document.

 

“Nevada
Courts” shall have the meaning set forth in Section 8(d).

 

“Note Register”
shall have the meaning set forth in Section 2(c).

 

“Notice
of Conversion” shall have the meaning set forth in Section 4(a).

 

“Original
Issue Date” means the date of the first issuance of the Note, as set forth on the first page hereof, regardless of any transfers
of any Note and regardless of the number of instruments which may be issued to evidence such Note.

 

“Purchase
Agreement” means the Securities Purchase Agreement, dated as of June 7, 2022 among the Company and the original Holder, as amended,
modified or supplemented from time to time in accordance with its terms.

 

“Purchase
Rights” shall have the meaning set forth in Section 5(c).

 

“Required
Minimum” means, as of any date, the number of shares of Common Stock that equals the aggregate number of shares of Common Stock
as shall be issuable (taking into account the adjustments of Section 5) upon the conversion of the then outstanding principal
amount of this Note and payment of interest hereunder. The initial reserve shall be 2,200,000 shares of Common Stock for all Notes issued
on the Original Issue Date.

 

“Share
Delivery Date” shall have the meaning set forth in Section 4(c)(ii).

 

Section 2. Interest,
Prepayment, Redemption, and Mandatory Prepayment Provisions.

 

a)   Payment
of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount
of this Note at the rate of nine percent (9%) per annum, payable quarterly on January 1, April 1, July 1 and October 1, beginning on the
first such date after the Original Issue Date, on each Conversion Date (as to that principal amount then being converted), on each Optional
Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an “Interest Payment
Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding
Business Day), in cash. Upon the occurrence of an Event of Default, the Company shall pay interest to the Holder on the aggregate unconverted
and then outstanding principal amount of this Note at the rate of twenty percent (20%) per annum.

 

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b)   Interest
Calculations. Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall
accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid
interest, liquidated damages and other amounts which may become due hereunder has been made. Interest shall cease to accrue with respect
to any principal amount converted, provided that, the Company actually delivers the Conversion Shares within the time period required
by Section 4(c)(ii) herein. Interest hereunder will be paid to the Person in whose name this Note is registered on the records
of the Company regarding registration and transfers of this Note (the “Note Register”).

 

c)   All
overdue accrued and unpaid interest to be paid hereunder shall incur a late fee at an interest rate equal to the lesser of 20% per annum
(the “Late Fees”) or the maximum rate permitted by applicable law, which shall accrue daily from the date such interest
is due hereunder through and including the date of actual payment in full

 

d)   Optional
Redemption at the Election of Company.

 

		(i)	Provided that the Company has satisfied all of the Equity Conditions and subject to the provisions of
this Section 2(e), at any time after the Original Issue Date, the Company may deliver a notice to the Holder (an “Optional Redemption
Notice”, accompanied by proof of funds and a statement that any extant Event of Default shall be cured by the applicable Optional
Redemption, and the date such notice is deemed delivered hereunder, the “Optional Redemption Notice Date”) of its irrevocable
election to redeem some or all of the then outstanding principal or interest amount of this Note for cash in an amount equal to the Optional
Redemption Amount as provided on Schedule 2(e) hereto (the “Optional Redemption Amount”) on the 20th Trading
Day following the Optional Redemption Notice Date (such date, the “Optional Redemption Date”, such 20-Trading Day period,
the “Optional Redemption Period” and such redemption, the “Optional Redemption”). The Optional Redemption
Amount as determined in accordance with Schedule 2(e), is payable in full on the Optional Redemption Date. The Company may only effect
an Optional Redemption if each of the Equity Conditions shall have been met, the Company has provided the Holder with proof of funds to
defease the principal, interest, and any redemption premium due pursuant to the applicable Optional Redemption, and there is an effective
registration statement covering the Conversion Shares on each Trading Day during the period commencing on the Optional Redemption Notice
Date through to the Optional Redemption Date and through and including the date payment of the Optional Redemption Amount is actually
made in full. If any of the Equity Conditions shall cease to be satisfied at any time during the Optional Redemption Period, then the
Holder may elect to nullify the Optional Redemption Notice by notice to the Company within 10 Trading Days after the first day on which
any such Equity Condition has not been met (provided that if, by a provision of the Transaction Documents, the Company is obligated to
notify the Holder of the non- existence of an Equity Condition, such notice period shall be extended to the tenth Trading Day after proper
notice from the Company) in which case the Optional Redemption Notice shall be null and void, ab initio. The Company covenants
and agrees that it will honor all Notices of Conversion tendered from the time of delivery of the Optional Redemption Notice through the
date all amounts owing thereon are due and paid in full. The Company’s determination to pay an Optional Redemption in cash shall
be applied ratably to all of the holders of the then outstanding Notes based on their (or their predecessor’s) initial purchases
of Notes pursuant to the Purchase Agreement.

 

		(ii)	Optional Redemption Procedure. Subject to this Section 2(e), the payment of cash pursuant to an
Optional Redemption shall be payable on the Optional Redemption Date. If any portion of the payment pursuant to an Optional Redemption
shall not be paid by the Company by the applicable due date, interest shall accrue thereon at an interest rate equal to the lesser of
20% per annum or the maximum rate permitted by applicable law until such amount is paid in full (the “Optional Redemption Interest
Rate”). Notwithstanding anything herein contained to the contrary, if any portion of the Optional Redemption Amount, as applicable,
remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate such
Optional Redemption, as applicable, ab initio, and, with respect to the Company’s failure to honor the Optional Redemption,
the Company shall have no further right to exercise such Optional Redemption (for the avoidance of doubt, in the event that the Holder
elects to invalidate such Optional Redemption, no further Optional Redemption Interest payments described in this Section 2(e) shall be
due by the Company.

 

		(iii)	Holder’s Right to Convert Following Receipt of Optional Redemption Notice. The Holder shall
be allowed at its option and upon written notice to the Company (1) to convert all or any outstanding portion of the Note, including principal,
accrued interest and penalties into Conversion Shares through the date all amounts owing thereon are due and paid in full or (2) to convert
all or any outstanding portion of the Note, including principal, accrued interest and penalties into shares of a to-be-issued class of
Convertible Preferred Stock based on the Conversion Price, as adjusted, set forth in this Note, through the date all amounts owing thereon
are due and paid in full.

 

Section 3. Registration
of Transfers and Exchanges.

 

a)   Different
Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as
requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.

 

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b)   Investment
Representations. This Note has been issued subject to certain investment representations of the original Holder set forth in the Purchase
Agreement and may be transferred or exchanged only in compliance with the Purchase Agreement and applicable federal and state securities
laws and regulations.

 

c)   Reliance
on Note Register. Prior to due presentment for transfer to the Company of this Note, the Company and any agent of the Company may
treat the Person in whose name this Note is duly registered on the Note Register as the owner hereof for the purpose of receiving payment
as herein provided and for all other purposes, whether or not this Note is overdue, and neither the Company nor any such agent shall be
affected by notice to the contrary. The Company shall update the Note Register to reflect permitted transferees and assignees of the Note.

 

Section 4. Conversion.

 

a)   At
any time after the Original Issue Date until this Note is no longer outstanding, this Note shall be convertible, in whole or in part,
into shares of Common Stock at the option of the Holder, at any time and from time to time (subject to the conversion limitations set
forth in Section 4(d) hereof). The Holder shall effect conversions by delivering to the Company a Notice of Conversion, the
form of which is attached hereto as Annex A (each, a “Notice of Conversion”), specifying therein the principal
amount of this Note, and amount of accrued and unpaid interest (if any), to be converted and the date on which such conversion shall be
effected (such date, the “Conversion Date”). No ink-original Notice of Conversion shall be required, nor shall any
medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion form be required. If no Conversion Date is
specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is deemed delivered hereunder.
To effect conversions hereunder, the Holder shall not be required to physically surrender this Note to the Company unless the entire principal
amount of this Note, plus all accrued and unpaid interest thereon, has been so converted. Conversions hereunder shall have the effect
of lowering the outstanding principal amount of this Note in an amount equal to the applicable conversion. The Holder and the Company
shall maintain records showing the principal amount(s) converted and the date of such conversion(s). The Company may deliver an objection
to any Notice of Conversion within one Business Days of delivery of such Notice of Conversion, stating the basis of such objection and
citing the relevant Section of the Note upon which such objection is based. In the event of any dispute or discrepancy, the Company and
the Holder shall work to resolve such dispute or discrepancy to the mutual satisfaction of both parties. The Holder, and any assignee
by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion
of this Note, the unpaid and unconverted principal amount of this Note may be less than the amount stated on the face hereof.

 

b)   Conversion
Price. Except as expressly set forth herein, the conversion price in effect on any Conversion Date shall be equal to $1.00, subject
to adjustment herein (the “Conversion Price”).

 

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c)   Mechanics
of Conversion.

 

i.   Conversion
Shares Issuable Upon Conversion of Principal Amount. The number of Conversion Shares issuable upon a conversion hereunder shall be
determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note and any accrued and unpaid interest,
including interest to be converted by (y) the Conversion Price.

 

i. Delivery
of Certificate Upon Conversion. Not later than two Trading Days after each Conversion Date (the “Share Delivery Date”),
the Company shall deliver, or cause to be delivered, to the Holder (A) a certificate or certificates representing the Conversion Shares
representing the number of Conversion Shares being acquired upon the conversion of this Note, which, on or after the date on which such
Conversion Shares are eligible to be sold under Rule 144 without the need for current public information and the Company has received
an opinion of counsel to such effect, which such opinion must be acceptable to the Holder in its sole and absolute discretion (which
opinion the Company shall be responsible for obtaining at its sole cost and expense) shall be free of restrictive legends and trading
restrictions, representing the number of Conversion Shares being acquired upon the conversion of this Note. All certificate or certificates
required to be delivered by the Company under this Section 4(c) shall be delivered electronically through the Depository Trust Company
or another established clearing corporation performing similar functions. If the Conversion Date is prior to the date on which such Conversion
Shares are eligible to be sold under Rule 144 without the need for current public information, or there is no registration statement
in effect covering the Conversion Shares, the Conversion Shares shall bear a restrictive legend in the following form, as appropriate:

 

“THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A)
AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH
COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS
SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

    -55-

     

    

 

Notwithstanding the
foregoing, commencing on such date that the Conversion Shares are eligible for sale under Rule 144 subject to current public information
requirements, the Company, upon request and at the sole cost and expense of the Company, shall obtain a legal opinion that is acceptable
to the Holder in its sole and absolute discretion, to allow for such sales under Rule 144. A bank check shall accompany toe Certificates
in the amount of accrued and unpaid interest (unless the Holder has elected to receive Conversion Shares for the accrued and unpaid interest).

 

ii.   Failure
to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not delivered to or as
directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at
any time on or before its receipt of such certificate or certificates, to rescind such Notice of Conversion, ab initio, in which event
the Company shall promptly return to the Holder any original Note delivered to the Company and the Holder shall promptly return to the
Company the Common Stock certificates issued to such Holder pursuant to the rescinded Notice of Conversion.

 

iii.   Obligation
Absolute; Partial Liquidated Damages. The Company’s obligations to issue and deliver the Conversion Shares upon conversion of
this Note in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the Holder to
enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action
to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder
or any other Person of any obligation to the Company or any violation or alleged violation of law by the Holder or any other Person, and
irrespective of any other circumstance which might otherwise limit such obligation of the Company to the Holder in connection with the
issuance of such Conversion Shares; provided, however, that such delivery shall not operate as a waiver by the Company of
any such action the Company may have against the Holder. In the event the Holder of this Note shall elect to convert any or all of the
outstanding principal or interest amount hereof, the Company may not refuse conversion based on any claim that the Holder or anyone associated
or affiliated with the Holder has been engaged in any violation of Regulation, Contractual Obligation or for any other reason, unless
an injunction from a court, on notice to Holder, restraining and or enjoining conversion of all or part of this Note shall have been sought.
If the injunction is not granted, the Company shall promptly comply with all conversion obligations herein. If the injunction is obtained,
the Company must post a surety bond for the benefit of the Holder in the amount of one hundred fifty percent (150%) of the outstanding
principal amount of this Note, which is subject to the injunction, which bond shall remain in effect until the completion of arbitration/litigation
of the underlying dispute and the proceeds of which shall be payable to the Holder to the extent it obtains judgment. In the absence of
seeking such injunction, the Company shall issue Conversion Shares or, if applicable, cash, upon a properly noticed conversion. If the
Company fails for any reason to deliver to the Holder such certificate or certificates pursuant to Section 4(c)(ii) by the Share
Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of principal
amount being converted $5 per Trading Day (increasing to $10 per Trading Day on the third (3rd) Trading Day after such liquidated
damages begin to accrue) for each Trading Day after such Share Delivery Date until such certificates are delivered or Holder rescinds
such conversion. Nothing herein shall limit the Holder’s right to pursue actual damages or declare an Event of Default pursuant
to Section 6 hereof for the Company’s failure to deliver Conversion Shares within the period specified herein and the Holder
shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of
specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages
pursuant to any other Section hereof or under applicable law.

 

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iv.   Compensation
for Buy-In on Failure to Timely Deliver Certificates Upon Conversion. In addition to any other rights available to the Holder, if
the Company fails for any reason to deliver to the Holder such certificate or certificates by the Share Delivery Date pursuant to Section
4(c)(ii), and if after such Share Delivery Date the Holder is required by its brokerage firm to purchase (in an open market transaction
or otherwise), or the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by
the Holder of the Conversion Shares which the Holder was entitled to receive upon the conversion relating to such Share Delivery Date
(a “Buy-In”), then the Company shall (A) pay in cash to the Holder (in addition to any other remedies available to
or elected by the Holder) the amount, if any, by which (x) the Holder’s total purchase price (including any brokerage commissions)
for the Common Stock so purchased exceeds (y) the product of (1) the aggregate number of shares of Common Stock that the Holder was entitled
to receive from the conversion at issue multiplied by (2) the actual sale price at which the sell order giving rise to such purchase obligation
was executed (including any brokerage commissions) and (B) at the option of the Holder, either reissue (if surrendered) this Note in a
principal amount equal to the principal amount of the attempted conversion (in which case such conversion shall be deemed rescinded) or
deliver to the Holder the number of shares of Common Stock that would have been issued if the Company had timely complied with its delivery
requirements under Section 4(c)(ii). For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted conversion of this Note with respect to which the actual sale price of the Conversion Shares
(including any brokerage commissions) giving rise to such purchase obligation was a total of $10,000 under clause (A) of the immediately
preceding sentence, the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating
the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing
herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without
limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates
representing shares of Common Stock upon conversion of this Note as required pursuant to the terms hereof.

 

v.   Reservation
of Shares Issuable Upon Conversion. The Company covenants that it will at all times reserve and keep available out of its authorized
and unissued shares of Common Stock a number of shares of Common Stock at least equal to 200% of the Required Minimum (to be adjusted
monthly) for the sole purpose of issuance upon conversion of this Note and payment of interest on this Note, each as herein provided,
free from preemptive rights or any other actual contingent purchase rights of Persons other than the Holder (and the other holders of
the Note). The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly
issued, fully paid and nonassessable.

 

vi.   Fractional
Shares. No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note. As to any fraction
of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay
a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up
to the next whole share.

 

vii.   Transfer
Taxes and Expenses. The issuance of certificates for shares of the Common Stock on conversion of this Note shall be made without charge
to the Holder hereof for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such certificates,
provided that, the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance
and delivery of any such certificate upon conversion in a name other than that of the Holder of this Note so converted and the Company
shall not be required to issue or deliver such certificates unless or until the Person or Persons requesting the issuance thereof shall
have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.
The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Conversion.

 

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d)   Holder’s
Conversion Limitations. The Company shall not effect any conversion of this Note, and a Holder shall not have the right to convert
any portion of this Note, to the extent that after giving effect to the conversion set forth on the applicable Notice of Conversion, the
Holder (together with the Holder’s Affiliates, and any Persons acting as a group together with the Holder or any of the Holder’s
Affiliates) (such Persons, “Attribution Parties”)) would beneficially own in excess of the Beneficial Ownership Limitation
(as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder
and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon conversion of this Note or
any portion of this Note with respect to which such determination is being made, but shall exclude the number of shares of Common Stock
which are issuable upon (i) conversion of the remaining, unconverted principal amount of this Note beneficially owned by the Holder or
any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities
of the Company subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the
Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 4(d),
beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated
thereunder. To the extent that the limitation contained in this Section 4(d) applies, the determination of whether this Note
is convertible (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and the portion
of principal amount (and accrued but unpaid interest) of this Note that is convertible shall be in the sole discretion of the Holder,
and the submission of a Notice of Conversion shall be deemed to be the Holder’s determination of whether this Note may be converted
(in relation to other securities owned by the Holder together with any Affiliates) and the portion of principal amount of this Note (and,
if applicable, accrued and unpaid interest) that is convertible, in each case subject to the Beneficial Ownership Limitation. To ensure
compliance with this restriction, the Holder will be deemed to represent to the Company each time it delivers a Notice of Conversion that
such Notice of Conversion has not violated the restrictions set forth in this paragraph and the Company shall have no obligation to verify
or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined
in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 4(d),
in determining the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock
as stated in the most recent of the following: (i) the Company’s most recent periodic or annual report filed with the Commission,
as the case may be, (ii) a more recent public announcement by the Company, or (iii) a more recent written notice delivered by the Company
or the Company’s transfer agent to the Holder setting forth the number of shares of Common Stock outstanding. Upon the written
or oral request of the Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder the number of shares
of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving
effect to the conversion or exercise of securities of the Company, including this Note, by the Holder or its Affiliates or Attribution
Parties since the date as of which such number of outstanding shares of Common Stock was reported. The “Beneficial Ownership
Limitation” shall be [4.99%] 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to
the issuance of shares of Common Stock issuable upon conversion of this Note held by the Holder. The Holder may upon not less than sixty-one
(61) days’ prior written notice to the Company increase or decrease the Beneficial Ownership Limitation provisions of this Section
4(d), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock upon conversion of this Note held by the Holder and the Beneficial
Ownership Limitation provisions of this Section 4(d) shall continue to apply. Any increase in the Beneficial Ownership Limitation
will not be effective until the 61st day after such notice is delivered to the Company. The Beneficial Ownership Limitation
provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this
Section 4(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial
Ownership Limitation contained herein or to make changes or supplements necessary or desirable to properly give effect to such limitation.
The limitations contained in this paragraph shall apply to a successor holder of this Note.

 

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Section 5. Certain
Adjustments.

 

a)   Stock
Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (i) pays a stock dividend or otherwise makes
a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any Common Stock Equivalents (which, for
avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon conversion of, or payment of interest on,
the Note), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse
stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues, in the event of a reclassification of
shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction of
which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately
before such event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event.
Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders
entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision,
combination or re-classification.

 

b)   Subsequent
Equity Sales. If, at any time while this Note is outstanding, the Company or any Subsidiary, as applicable, sells or grants any option
to purchase or sells or grants any right to reprice, or otherwise disposes of or issues (or announces any sale, grant or any option to
purchase or other disposition), any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock at
an effective price per share that is lower than the then Conversion Price (such lower price, the “Base Conversion Price”
and such issuances, collectively, a “Dilutive Issuance”) (if the holder of the Common Stock or Common Stock Equivalents
so issued shall at any time, whether by operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange
prices or otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled to
receive shares of Common Stock at an effective price per share that is lower than the Conversion Price, such issuance shall be deemed
to have occurred for less than the Conversion Price on such date of the Dilutive Issuance), then the Conversion Price shall be reduced
to the Base Conversion Price. The provisions of this Section 3(d) shall not operate to increase the Conversion Price. Such adjustment
shall be made whenever such Common Stock or Common Stock Equivalents are issued. Notwithstanding the foregoing, no adjustment will be
made under this Section 5(b) in respect of an Exempt Issuance. For the avoidance of doubt, if the Company engages in an at-the-market
offering, the Company shall be deemed to have issued Common Stock at the lowest sale price at which the Common Stock was sold in such
offering. If the Company enters into a Variable Rate Transaction, despite the prohibition set forth in the Purchase Agreement, the Company
shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion price, exercise price or exchange
rate (or other price) at which such securities may be converted into or exchangeable or exercised for. The Company shall notify the Holder
in writing, no later than 1 Business Day following the issuance of any Common Stock or Common Stock Equivalents subject to this Section
5(b), indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing
terms (such notice, the “Dilutive Issuance Notice”). For purposes of clarification, whether or not the Company provides
a Dilutive Issuance Notice pursuant to this Section 5(b), upon the occurrence of any Dilutive Issuance, the Holder is entitled
to receive a number of Conversion Shares based upon the Base Conversion Price (as adjusted in accordance with Section 5)(a)) on
or after the date of such Dilutive Issuance, regardless of whether the Holder accurately refers to the Base Conversion Price in the Notice
of Conversion.

 

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c)   Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 5(a) and Section 5(b) above, if at any time
the Company grants, issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro
rata to the record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be
entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete conversion of this Note (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is
taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders
of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent
that the Holder’s right to participate in any such Purchase Right would result in the Holder exceeding the Beneficial Ownership
Limitation, then the Holder shall not be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such
shares of Common Stock as a result of such Purchase Right to such extent) and such Purchase Right to such extent shall be held in abeyance
for the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

d)   Pro
Rata Distributions. During such time as this Note is outstanding, if the Company shall declare or make any dividend or other distribution
of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including,
without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification,
corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after
the issuance of this Note, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent
that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise
of this Note (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation)
immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the
record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however,
to the extent that the Holder's right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership
Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of
any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance
for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership
Limitation).

 

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e) Fundamental
Transaction. If, at any time while this Note is outstanding, (i) the Company effects any merger or consolidation of the Company
with or into another Person, (ii) the Company effects any sale of all or substantially all of its assets in one transaction or a series
of related transactions, (iii) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to
which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (iv) the Company
effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property (in any such case, a “Fundamental Transaction”), then, upon
any subsequent conversion of this Note, the Holder shall have the right to receive, for each Conversion Share that would have been issuable
upon such conversion immediately prior to the occurrence of such Fundamental Transaction, (without regard to any limitation in Section
4(d) on the conversion of this Note)the same kind and amount of securities, cash or property as it would have been entitled to receive
upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of
1 share of Common Stock (the “Alternate Consideration”). For purposes of any such conversion, the determination of
the Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of 1 share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Conversion Price
among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.
If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then
the Holder shall be given the same choice as to the Alternate Consideration it receives upon any conversion of this Note following such
Fundamental Transaction. The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor
(the “Successor Entity”) to assume in writing all of the Obligations of the Company, in accordance with the provisions
of this Section 5(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by
the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the holder of this Note, deliver
to the Holder in exchange for this Note a Security of the Successor Entity evidenced by a written instrument substantially similar in
form and substance to this Note which is convertible for a corresponding number of shares of capital stock of such Successor Entity (or
its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon conversion of this Note (without regard to
any limitations on the conversion of this Note) prior to such Fundamental Transaction, and with a conversion price which applies the
conversion price hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock
pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such
conversion price being for the purpose of protecting the economic value of this Note immediately prior to the consummation of such Fundamental
Transaction), and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction,
the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions
of this Note and the other Transaction Documents referring to the “Company” shall refer instead to the Successor Entity),
and may exercise every right and power of the Company and shall assume all of the Obligations of the Company with the same effect as
if such Successor Entity had been named as the Company herein. To the extent necessary to effectuate the foregoing provisions, any successor
to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new Note consistent with the foregoing
provisions and evidencing the Holder’s right to convert such Note into Alternate Consideration. The terms of any agreement pursuant
to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the
provisions of this Section 5(e) and insuring that this Note (or any such replacement security) will be similarly adjusted upon
any subsequent transaction analogous to a Fundamental Transaction.

 

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f)
Most Favored Nation. So long this Note is outstanding, upon any issuance by the Company of any new security, with any term that
the Holder reasonably believes is more favorable to the holder of such security or with a term in favor of the holder of such security
that the Holder reasonably believes was not similarly provided to the Holder in this Note, then (i) the Holder shall notify the Company
of such additional or more favorable term within three (3) Business Days of the issuance or amendment (as applicable) of the respective
security, or if later, within three (3) Business Days of the Company providing holder written notice of the transaction accompanied by
copies of the definitive transaction documents, and (ii) such term, at Holder’s option, shall become a part of this Note (regardless
of whether the Company or Holder complied with the notification provision of this Note or the Purchase Agreement). The types of terms
contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing
conversion or exercise discounts, conversion or exercise lookback periods, and discounts to the Effective Price Per Share of an Offering.
If Holder elects to have the term become a part of this Note, then the Company shall immediately deliver acknowledgment of such adjustment
in form and substance reasonably satisfactory to the Holder (the “Acknowledgment”) within one (1) Business Day of Company’s
receipt of request from Holder (the “Adjustment Deadline”), provided that Company’s failure to timely provide
the Acknowledgement shall not affect the automatic amendments contemplated hereby.

 

g)   Calculations.
All calculations under this Section 5 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may
be. For purposes of this Section 5, the number of shares of Common Stock deemed to be issued and outstanding as of a given
date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of the Company) issued and outstanding.

 

h)   Notice
to the Holder.

 

i.   Adjustment
to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company
shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement
of the facts requiring such adjustment. Notwithstanding anything in this Section 5 to the contrary, no adjustment pursuant to this Section
5 shall increase the Conversion Price.

 

ii.   Notice
to Allow Conversion by Holder. If (A) the Company shall declare a dividend (or any other distribution or other restricted payment)
in whatever form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for or purchase
any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer of all
or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted into other securities,
cash or property or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs
of the Company, then, in each case, the Company shall cause to be filed at each office or agency maintained for the purpose of conversion
of this Note, and shall cause to be delivered to the Holder at its last address as it shall appear upon the Note Register, at least twenty
(20) calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record
is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the
date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants
are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected
to become effective or close, or the date on which the voluntary or involuntary dissolution, liquidation or winding up of the affairs
of the Company was authorized, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to
exchange their shares of the Common Stock for securities, cash or other property deliverable upon any such reclassification, consolidation,
merger, sale, transfer, share exchange, or voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company,
provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the
corporate action required to be specified in such notice. To the extent that any notice provided hereunder constitutes, or contains, material,
non-public information regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission
pursuant to a Current Report on Form 8-K or if it is not subject to the reporting requirements of the Commission, a press release. The
Holder shall remain entitled to convert this Note during the 20-day period commencing on the date of such notice through the effective
date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

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Section 6. Events
of Default.

 

a)   “Event
of Default” means, wherever used herein, any of the following events (whatever the reason for such event and whether such event
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order,
rule or regulation of any administrative or governmental body):

 

i.   any
default in the payment of (A) the principal amount of the Note or (B) interest, liquidated damages and other amounts owing to the Holder
on the Note, as and when the same shall become due and payable (whether on a Conversion Date or the Maturity Date or by acceleration or
otherwise) which default, solely in the case of an interest payment or other default under clause (B) above, is not cured within five
(5) Trading days);

 

ii.   the
Company shall fail to observe or perform any other covenant or agreement contained in the Note (other than a breach by the Company of
its obligations to deliver shares of Common Stock to the Holder upon conversion, which breach is addressed in clause (xi) below) which
failure is not cured, if possible to cure, within the earlier to occur of (A) five (5) Trading Days after notice of such failure sent
by the Holder to the Company and (B) five (5) Trading Days after the Company has become or should have become aware of such failure;

 

iii.   a
breach, default, event of default or the failure observe or perform any covenant or agreement (subject to any grace or cure period provided
in the applicable agreement, document or instrument) shall occur under (A) any of the Transaction Documents or (B) any other material
agreement, lease, document or instrument to which the Company or any Subsidiary is obligated (and not covered by clause (v) below);

 

iv.   the
Company experiences a Material Adverse Effect;

 

v.   any
Person shall breach any agreement delivered to the initial Holder pursuant to Section 2.2 of the Purchase Agreement;

 

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vi.   any
representation or warranty made in this Note, any other Transaction Documents, any written statement pursuant hereto or thereto or any
other report, financial statement or certificate made or delivered to the Holder or any other Holder shall be untrue or incorrect in any
material respect (or, to the extent such representation or warranty is qualified by materiality or Material Adverse Effect, in any respect)
as of the date when made or deemed made;

 

vii.   the
Company or any Subsidiary shall default on any of its obligations under any agreement, mortgage, credit agreement or other facility, indenture
agreement, factoring agreement or other instrument under which there may be issued, or by which there may be secured or evidenced, any
indebtedness for borrowed money or money due under any long term leasing or factoring arrangement that (a) involves an obligation greater
than $100,000, whether such indebtedness now exists or shall hereafter be created, and (b) results in such indebtedness becoming or being
declared due and payable prior to the date on which it would otherwise become due and payable;

 

viii.   the
Company or any Significant Subsidiary (as such term is defined in Rule 1-02(w) of Regulation S-X) shall be subject to a Bankruptcy Event;

 

ix.   (A)
the Common Stock shall not be eligible for listing or quotation for trading, or has been suspended from listing or quotation, on its Principal
Market and shall not resume listing or quotation for trading thereon or on any other Trading Market (other than OTC Pink) within three
(3) Trading Days, (B) the transfer of shares of Common Stock through the Depository Trust Company System is no longer available or “chilled”,
or (C) the Company’s failure to comply with any rules or regulations of its Principal Market;

 

x.   the
Company shall be a party to any Change of Control Transaction or shall agree to sell or dispose of all or in excess of fifty percent (50%)
of its assets in one transaction or a series of related transactions (whether or not such sale would constitute a Change of Control Transaction);

 

xi.   the
Company shall fail for any reason to deliver certificates to the Holder prior to the third Trading Day after a Conversion Date or the
Company shall provide at any time notice to the Holder, including by way of public announcement, of the Company’s intention to not
honor requests for conversions of the Note in accordance with the terms hereof;

 

xii.   the
Company fails to be in compliance with Rule 144(c)(1) (or Rule 144(i)(2), if applicable);

 

xiii.   the
occurrence of any levy upon or seizure or attachment of, or any uninsured loss of or damage to, any property of the Borrower or any Subsidiary
having an aggregate fair value or repair cost (as the case may be) in excess of $100,000 individually or in the aggregate, and any such
levy, seizure or attachment shall not be set aside, bonded or discharged within forty-five (45) days after the date thereof;

 

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xiv.   any
monetary judgment, writ or similar final process shall be entered or filed against the Company, any Subsidiary or any of their respective
property or other assets for more than $100,000, and such judgment, writ or similar final process shall remain unvacated, unbonded or
unstayed for a period of forty-five (45) calendar days;

 

xv.   prior
to the payment in full and satisfaction of the owed under this Note, any security interest and Lien purported to be created by any Transaction
Document shall cease to be in full force and effect, or shall cease to give the Holders, the Liens, rights, powers and privileges purported
to be created and granted under such Transaction Documents (including a perfected first priority security interest in and Lien on all
of the Collateral thereunder (except as otherwise expressly provided in such Transaction Document)) in favor of the Holders, or shall
be asserted by the Company or any Affiliate(s) not to be a valid, perfected, first priority (except as otherwise expressly provided in
this Agreement or any such Transaction Document) security interest in or Lien on the Collateral covered thereby;

 

xvi.   the
Company shall enter into any transaction or arrangement structured in accordance with, based upon, or related or pursuant to, in whole
or in part, Section 3(a)(l0) of the Securities Act;

 

xvii.   the
Company shall enter into a Variable Rate Transaction;

 

xviii.   any
attempt by the Company or its officers, directors, and/or affiliates to transmit, convey, disclose, or any actual transmittal, conveyance,
or disclosure by the Borrower or its officers, directors, and/or affiliates of, material non-public information concerning the Borrower,
to the Holder or its successors and assigns, which is not immediately cured by Borrower’s public disclosure of such information
on that same date;

 

xix.   the
Initial Registration Statement (as defined in the Registration Rights Agreement) shall not have been filed by the Filing Date;

 

xx.   if,
during the Effectiveness Period (as defined in the Registration Rights Agreement), either (a) the effectiveness of the Registration Statement
lapses for any reason or (b) the Holder shall not be permitted to resell Registrable Securities (as defined in the Registration Rights
Agreement) under the Registration Statement for a period of more than 20 consecutive Trading Days or 30 non-consecutive Trading Days during
any 12 month period; provided, however, that if the Company is negotiating a merger, consolidation, acquisition or sale
of all or substantially all of its assets or a similar transaction and, in the written opinion of counsel to the Company, the Registration
Statement would be required to be amended to include information concerning such pending transaction(s) or the parties thereto which information
is not available or may not be publicly disclosed at the time, the Company shall be permitted an additional 10 consecutive Trading Days
during any 12 month period pursuant to this Section;

 

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b)   Remedies
Upon Event of Default. If any Event of Default occurs, at the Holder’s election (i) the outstanding principal amount of this
Note, plus accrued but unpaid interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration,
shall become immediately due and payable in cash pursuant to clause (ii) of the definition of Mandatory Default Amount, or (ii) the outstanding
principal amount of this Note, and, if elected by the Holder, all accrued and unpaid interest hereon, shall be converted into share of
Common Stock at the Alternate Conversion Price pursuant to clause (i) of the definition of Mandatory Default Amount. In the event the
Holder makes the election described in clause (ii) of this Section above, but does not elect to receive Conversion Shares in respect of
all accrued and unpaid interest on the Note, all accrued and unpaid interest shall be paid to the Holder in cash no later than the date
the Conversion Shares are required to be delivered to the Holder. Commencing on the occurrence of any Event of Default and for as long
an Event of Default is not cured, the interest rate on this Note as set forth in Section 2 above shall accrue at a rate equal to
20% per annum. Upon the payment in full of the Mandatory Default Amount, the Holder shall promptly surrender this Note to or as directed
by the Company. In connection with such acceleration described herein, the Holder need not provide, and the Company hereby waives, any
presentment, demand, protest or other notice of any kind, and the Holder may immediately and without expiration of any grace period enforce
any and all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may be
rescinded and annulled by Holder at any time prior to payment hereunder and the Holder shall have all rights as a holder of the Note until
such time, if any, as the Holder receives full payment pursuant to this Section 6(b). No such rescission or annulment shall
affect any subsequent Event of Default or impair any right consequent thereon. No such rescission or annulment shall affect any subsequent
Event of Default or impair any right consequent thereon; and in addition to any other rights and remedies available to the Holder in an
Event of Default, the Conversion Price in effect on any Conversion Date shall be equal to the Alternate Conversion Price, subject to adjustment
herein, without any notice or any action taken by the Holder. The Borrower shall pay the Holder hereof costs of collection, including
reasonable attorneys’ fees.

 

Section 7 Negative
Covenants. As long as any portion of this Note remains outstanding, unless the Holder shall have otherwise given prior written consent,
the Company shall not, and shall not permit any of its subsidiaries (whether or not a Subsidiary on the Original Issue Date) to, directly
or indirectly:

 

a)   except
for Permitted Indebtedness, enter into, create, incur, assume, guarantee or suffer to exist any indebtedness for borrowed money of any
kind, including, but not limited to, a guarantee, on or with respect to any of its property or assets now owned or hereafter acquired
or any interest therein or any income or profits therefrom;

 

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b)   except
for Permitted Liens, enter into, create, incur, assume or suffer to exist any Liens of any kind, on or with respect to any of its property
or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom;

 

c)   amend
its charter documents, including, without limitation, its certificate of incorporation and bylaws, in any manner that materially and adversely
affects any rights of the Holder;

 

d)   except
for Permitted Indebtedness, repay, repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis number of shares
of its Common Stock or Common Stock Equivalents other than as to (i) the Conversion Shares as permitted or required under the Transaction
Documents and (ii) repurchases of Common Stock or Common Stock Equivalents of departing officers and directors of the Company, provided
that such repurchases shall not exceed an aggregate of $100,000 for all officers and directors during the term of this Note;

 

e)   repay,
repurchase or offer to repay, repurchase or otherwise acquire any Indebtedness, other than the Liabilities, and other than regularly scheduled
principal and interest payments of Permitted Indebtedness as such terms are in effect as of the Original Issue Date, provided that such
payments shall not be permitted if, at such time, or after giving effect to such payment, any Event of Default exist or occur; provided
that neither the Company nor any of its Subsidiaries shall make any cash payment in respect of the Indebtedness issued pursuant to the
Additional Note Financing or the Subsequent Financing, until the full and final payment in cash of the Liabilities;

 

f)   pay
cash dividends or distributions on any equity securities of the Company;

 

g)   enter
into any transaction with any Affiliate of the Company which would be required to be disclosed in any public filing with the Commission,
unless such transaction is made on an arm’s-length basis and expressly approved by a majority of the disinterested directors of
the Company (even if less than a quorum otherwise required for board approval);

 

h)   sell,
lease or otherwise dispose of any significant portion of its assets or acquire any assets or business on or after the Original Issue Date;

 

i)   make
or suffer to exist any Investments using any proceeds from the Holder or any of its Affiliates (including without limitation, loans and
advances to, and other Investments in, Subsidiaries), or commitments therefor, or to become or remain a partner in any partnership or
joint venture, except for: (i) Investments in cash and cash equivalents; and (ii) Investments in Subsidiaries that have guaranteed the
Liabilities and joined the Security Agreement as a debtor pursuant to Section 4.24(b) of the Purchase Agreement;

 

j)   use
any proceeds from the Holder or any of its Affiliates to pay any liquidated damages, penalties, fees or other amounts that may be due
and payable under the Note;

 

k)   file
any registration statement with respect to any securities other than Registrable Securities (as defined in the Registration Rights Agreement)
after the date hereof, or otherwise cause such securities to become registered with the SEC or under any state securities laws;

 

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l)   enter
into any agreement with respect to any of the foregoing;

 

m)   fail
to use the proceeds of the Note as provided for in the Transaction Documents, including being engaged in operations involving the financing
of any investments or activities in, or any payments to, any Sanctioned Person;

 

n)   directly
or indirectly (including through agents, contractors, trustees, representatives or advisors) (a) be in violation of any Sanctions Law
or engage in, or conspire or attempt to engage in, any transaction evading or avoiding any prohibition in any sanction law, (b) be a sanctioned
person or derive revenues from investments in, or transactions with Sanctioned Persons, (c) have any assets located in Sanctioned Jurisdictions,
(d) deal in, or otherwise engage in any transactions relating to, any property or interest in property blocked pursuant to any regulation
administered or enforced by OFAC or (e) fail to comply with any material regulations or contractual obligations applicable to it or fail
to obtain or comply with any material permits.

 

Section 8. Miscellaneous.

 

a)   Notices.
Any and all notices or other communications or deliveries to be provided by the Holder hereunder, including, without limitation, any Notice
of Conversion, shall be in writing and delivered personally, by [receipt acknowledged electronic mail] or sent by a nationally recognized
overnight courier service, addressed to the Company, at the email address or mailing address set forth on its signature page hereto, or
such other facsimile number, electronic mail or address as the Company may specify for such purposes by notice to the Holder delivered
in accordance with this Section 8(a). Any and all notices or other communications or deliveries to be provided by the Company
hereunder shall be in writing and delivered personally, by electronic mail, or sent by a nationally recognized overnight courier service
addressed to the Holder at the email address, facsimile number or address of the Holder appearing on the books of the Company, or if no
such email address or facsimile number or address appears on the books of the Company, at the principal place of business of such Holder,
as set forth in the Purchase Agreement, or such other electronic mail or address as the Holder may specify for such purposes by notice
to the Company delivered in accordance with this Section 8(a). Any notice or other communication or deliveries hereunder shall
be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via electronic
mail prior to 5:30 p.m. (New York City time) on any Trading Day if receipt be acknowledged, (ii) the next Trading Day after the date of
transmission, if such notice or communication is delivered via electronic mail on a day that is not a Trading Day or later than 5:30 p.m.
(New York City time) on any Trading Day if receipt be acknowledged, (iii) the second Trading Day following the date of mailing, if sent
by U.S. nationally recognized overnight courier service, receipt acknowledged or (iv) upon actual receipt by the party to whom such notice
is required to be given.

 

b)   Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time,
place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the Company. This Note ranks
pari passu with all other Notes now or hereafter issued under the terms set forth herein.

 

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c)   Lost
or Mutilated Note. If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange
and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note,
a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss,
theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to the Company.

 

d)   Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed by and construed
and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflict of laws thereof.
Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the transactions contemplated by
any of the Transaction Documents (whether brought against a party hereto or its respective Affiliates, directors, officers, shareholders,
employees or agents) shall be commenced in the state and federal courts sitting in the Clark County, Nevada (the “Nevada Courts”).
Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the Nevada Courts for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of
any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of such Nevada Courts, or such Nevada Courts are improper or inconvenient venue
for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such
suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law,
any and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated hereby.
If any party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party in such action or
proceeding shall be reimbursed by the other party for its attorneys' fees and other costs and expenses incurred in the investigation,
preparation and prosecution of such action or proceeding.

 

e)   Waiver.
Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver
of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Company or the Holder to
insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party
of the right thereafter to insist upon strict adherence to that term or any other term of this Note on any other occasion. Any waiver
by the Company or the Holder must be in writing.

 

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f)   Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any provision
is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and circumstances. If it shall
be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable rate
of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company
covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim
or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Company from paying
all or any portion of the principal of or interest on this Note as contemplated herein, wherever enacted, now or at any time hereafter
in force, or which may affect the covenants or the performance of this Note, and the Company (to the extent it may lawfully do so) hereby
expressly waives all benefits or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Holder, but will suffer and permit the execution of every such as though no such
law has been enacted.

 

g)   Remedies,
Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be cumulative
and in addition to all other remedies available under this Note and any of the other Transaction Documents at law or in equity (including
a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the Holder’s right to pursue actual
and consequential damages for any failure by the Company to comply with the terms of this Note. The Company covenants to the Holder
that there shall be no characterization concerning this instrument other than as expressly provided herein. Amounts set forth or provided
for herein with respect to payments, conversion and the like (and the computation thereof) shall be the amounts to be received by the
Holder and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance thereof).
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy
at law for any such breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach,
the Holder shall be entitled, in addition to all other available remedies, to an injunction restraining any such breach or any such threatened
breach, without the necessity of showing economic loss and without any bond or other security being required. The Company shall provide
all information and documentation to the Holder that is requested by the Holder to enable the Holder to confirm the Company’s compliance
with the terms and conditions of this Note.

 

h)   Next
Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall
be made on the next succeeding Business Day.

 

i)   Headings.
The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed to limit or affect
any of the provisions hereof.

 

    -70-

     

    

 

j)   Secured
Obligation. The obligations of the Company under this Note are secured by all assets of the Company and each Subsidiary pursuant to
the Amended and Restated Security Agreement, dated as of June 7, 2022 between the Company, the Subsidiaries of the Company and the Secured
Parties (as defined therein)

 

k)   Payment
of Collection; Enforcement and Other Costs. In addition to, and not in substitution for and not to limit (but without duplication), any
other right to reimbursement under this Note or any other Transaction Document, (i) this Note is placed in the hands of an attorney for
collection or enforcement or is collected or enforced through any Proceeding or the Holder otherwise takes action to collect amounts due
under this Note or to enforce the provisions of this Note or (ii) there occurs any bankruptcy, reorganization, receivership of the Company
or other Proceedings affecting Company creditors' rights and involving a claim under this Note, then the Company shall pay all out-of-pocket
costs incurred by the Holder for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership
or other Proceeding, including, but not limited to, attorneys' fees and disbursements

 

(Signature Pages Follow)

 

    -71-

     

    

 

IN WITNESS WHEREOF, the Company
has caused this Note to be duly executed by a duly authorized officer as of the date first above indicated.

 

	 	OPTIMUS HEALTHCARE SERVICES, INC.
	 	 	 	 
	 	By:	           
	 	 	Name:	Marc Wiener
	 	 	Title:	Chief Executive Officer

 

	 	Mailing Address for Notices:
	 	1400 Old Country Road – Suite 306
	 	Westbury, NY 11590
	 	 
	 	Email Address for delivery of Notices:
	 	mwiener@theoptimushealthcare.com
	 	Facsimile No. for delivery of Notices:

 

    -72-

     

    

 

ANNEX A - NOTICE OF CONVERSION

 

The undersigned hereby elects
to convert principal (and, if applicable, accrued and unpaid interest) under the Original Issue Discount Senior Secured Convertible Promissory
Note due June 7, 2024 of Optimus Healthcare Services, Inc., a Florida corporation (the “Company”), into shares of common
stock (the “Common Stock”) or Convertible Preferred Stock, of the Company according to the conditions hereof, as of
the date written below. If shares of Common Stock are to be issued in the name of a person other than the undersigned, the undersigned
will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested
by the Company in accordance therewith. No fee will be charged to the holder for any conversion, except for such transfer taxes, if any.

 

By the delivery of this Notice
of Conversion the undersigned represents and warrants to the Company that its ownership of the Common Stock does not exceed the amounts
specified under Section 4(d) of this Note, as determined in accordance with such Section.

 

The undersigned agrees to
comply with the prospectus delivery requirements under the applicable securities laws in connection with any transfer of the aforesaid
shares of Common Stock.

 

Conversion Information

 

Date to Effect Conversion: _____________________________________   

 

Outstanding Principal Before Conversion: ____________________________________________ 

 

Outstanding Interest Before Conversion: _____________________________________________ 

 

Principal Amount of Note to be Converted: _________________________ 

 

Interest Amount of Note to be Converted: __________________________  

 

Conversion Price Calculations:

 

Total Shares of Common Stock to be Issued: 

 

Outstanding Principal After Conversion: ____________________________   

 

Outstanding Interest After Conversion: _________________________________   

 

	DWAC Instructions	 	Physical Delivery
	 	 	 
	Broker:	 	

	DTC#:	 	Issue to: 
	Account:	 	Address:

 

Account Name:

 

	Entity Name: 	 	 
	Signatory Name: 	 	 
	Title: 	 	 
	Signature:	 	 

 

    -73-

     

    

 

Schedule 1

 

CONVERSION SCHEDULE

 

This Original Issue Discount Senior Secured Convertible
Promissory Note due on June 7, 2024 in the original principal amount of $__________ is issued by Optimus Healthcare Services, Inc., a
Florida corporation. This Conversion Schedule reflects conversions made under Section 4 of the above referenced Note.

 

Dated:

 

	
    Date of Conversion

    (or for first entry, Original Issue Date)
	 	Amount of Conversion	 	
    Aggregate Principal Amount Remaining Subsequent to Conversion

    (or original Principal Amount) 
	 	Company Attest
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    -74-

     

    

 

Schedule 2(e)

 

OPTIONAL REDEMPTION AMOUNT

 

Subject to compliance
with Section 2(e) of this Note, and subject to the Holder’s right under Section 2(e) at Holder’s option and upon written
notice to the Company to convert all or any portion of this Note, including outstanding principal, accrued interest and penalties, as
applicable, through the date all amounts owing thereon are due and paid in full into Conversion Shares or shares of the Company’s
to-be-issued series of Convertible Preferred Stock, in each case based on the Conversion Price, as adjusted, the Company may redeem any
portion of the principal amount of this Note, any accrued and unpaid interest, and any other amounts due under this Note in accordance
with the following formulae: if the Company exercises its right to redeem the Note, the Company shall make payment to the Holder of (i)
an amount in cash equal to the product of (x) the sum of the principal amount of this Note and any accrued and unpaid interest and (y)
110%, if such voluntary redemption occurs on or before June 19, 2022, (ii) an amount in cash equal to the product of (x) the sum of the
principal amount of this Note and any accrued and unpaid interest and (y) 115%, if such voluntary prepayment occurs after June 19, 2022
and before July 19, 2022, (iii) an amount in cash equal to the product of (x) the sum of the principal amount of this Note and any accrued
and unpaid interest and (y) 120%, if such voluntary prepayment occurs after July 19, 2022 and before August 19, 2022, (iv) an amount in
cash equal to the product of (x) the sum of the principal amount of this Note and any accrued and unpaid interest and (y) 125%, if such
voluntary prepayment occurs after August 19, 2022 and before September 19, 2022, (v) an amount in cash equal to the product of (x) the
sum of the principal amount of this Note and any accrued and unpaid interest and (y) 130%, if such voluntary prepayment occurs after September
19, 2022 and before the Maturity Date.

 

    -75-

     

    

 

EXHIBIT B

 

Form of Security Agreement

 

    -76-

     

    

 

AMENDED AND RESTATED

 

SECURITY AGREEMENT

 

This SECURITY AGREEMENT, dated
as of June 7, 2022 (this “Agreement”), is among Optimus Healthcare Services, Inc., a Florida corporation (the “Company”),
the Subsidiaries of the Company set forth on the signature pages hereto (such subsidiaries, the “Subsidiaries” and,
together with the Company, the “Debtors”) and the holders of the Notes (as defined herein) signatory hereto, their
endorsees, transferees and assigns (collectively, the “Secured Parties”).

 

W I T N E S S E T H:

 

WHEREAS, the Company has issued
to the Secured Parties the following promissory notes: (a) the Company’s Original Issue Discount Senior Secured Convertible Promissory
Notes issued on May 25, 2021, as amended and due on May 25, 2024, in the aggregate principal amount of $2,200,000.00 (the “May
2021 Notes”), and (b) the Company’s Original Issue Discount Senior Secured Convertible Promissory Notes issued as of the
date hereof and due on June 7, 2024, following their issuance, in the aggregate principal amount of $2,200,000 (the “May 2022
Notes” and, together with the May 2021 Notes, the “Notes”);

 

WHEREAS, pursuant to the Securities
Purchase Agreement dated as of May 25, 2021 (as amended, modified or supplemented from time to time in accordance with its terms, the
“May 2021 Purchase Agreement”), the Secured Parties have severally agreed to extend the loans to the Company evidenced
by the May 2021 Notes;

 

WHEREAS, pursuant to the Securities
Purchase Agreement dated as of the date hereof (as amended, modified or supplemented from time to time in accordance with its terms, the
“May 2022 Purchase Agreement” and together with the May 2021 Purchase Agreement, the “Purchase Agreements”
and each individually a “Purchase Agreement”), the Secured Parties have severally agreed to extend the loans to the
Company evidenced by the May 2022 Notes;

 

WHEREAS, in order to induce
the Secured Parties to extend the loans evidenced by the May 2021 Notes each Debtor agreed to execute and deliver to the Secured Parties
that certain Security Agreement dated as of May 25, 2021 (the “Existing Security Agreement”);

 

WHEREAS, in order to induce
the Secured Parties to extend the loans evidenced by the May 2021 Notes, the Secured Parties and each Debtor have agreed to amend and
restate the Existing Security Agreement and each Debtor has agreed to grant the Secured Parties, pari passu with
each other Secured Party and through the Agent (as defined in Section 18 hereof), a security interest in certain property
of such Debtor to secure the prompt payment, performance and discharge in full of all of the Company’s obligations under the Notes;
and

 

WHEREAS, each Debtor party
to the Existing Security Agreement wishes to affirm its obligations under the terms of the Existing Security Agreement and wishes to amend
and restate the terms of the Existing Security Agreement pursuant to the terms of this Agreement.

 

    -77-

     

    

 

1. Certain
Definitions. As used in this Agreement, the following terms shall have the meanings set forth in this Section 1. Terms
used but not otherwise defined in this Agreement that are defined in Article 9 of the UCC (such as “account”, “chattel
paper”, “commercial tort claim”, “deposit account”, “document”, “equipment”, “fixtures”,
“general intangibles”, “goods”, “instruments”, “inventory”, “investment property”,
“letter-of-credit rights”, “proceeds” and “supporting obligations”) shall have the respective meanings
given such terms in Article 9 of the UCC. In addition to the terms defined elsewhere in this Agreement, capitalized terms not otherwise
defined herein shall have the meanings set forth in the Purchase Agreement.

 

(a) “Collateral”
means the collateral in which the Secured Parties are granted a security interest by this Agreement and which shall comprise all the assets
of the Debtors, including, without limitation, the following personal property of the Debtors, whether presently owned or existing or
hereafter acquired or coming into existence, wherever situated, and all additions and accessions thereto and all substitutions and replacements
thereof, and all proceeds, products and accounts thereof, including, without limitation, all proceeds from the sale or transfer of the
Collateral and of insurance covering the same and of any tort claims in connection therewith, and all dividends, interest, cash, notes,
securities, equity interest or other property at any time and from time to time acquired, receivable or otherwise distributed in respect
of, or in exchange for, any or all of the Pledged Securities (as defined below):

 

(i) All
goods, including, without limitation, (A) all machinery, equipment, computers, motor vehicles, trucks, tanks, boats, ships, appliances,
furniture, special and general tools, fixtures, test and quality control devices and other equipment of every kind and nature and wherever
situated, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements
therefor, all parts therefor, and all substitutes for any of the foregoing and all other items used and useful in connection with any
Debtor’s businesses and all improvements thereto; and (B) all inventory;

 

(ii) All
contract rights and other general intangibles, including, without limitation, all partnership interests, membership interests, stock or
other securities, rights under any of the Organizational Documents, agreements related to the Pledged Securities, licenses, distribution
and other agreements, computer software (whether “off-the-shelf”, licensed from any third party or developed by any Debtor),
computer software development rights, leases, franchises, customer lists, quality control procedures, grants and rights, goodwill, Intellectual
Property and income tax refunds;

 

(iii) All
accounts, together with all instruments, all documents of title representing any of the foregoing, all rights in any merchandising, goods,
equipment, motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect to
each account, including any right of stoppage in transit;

 

(iv) All
documents, letter-of-credit rights, instruments and chattel paper;

 

(v) All
commercial tort claims;

 

(vi) All
deposit accounts and all cash (whether or not deposited in such deposit accounts);

 

(vii) All
investment property;

 

(viii) All
supporting obligations;

 

(ix) All
files, records, books of account, business papers, and computer programs; and

 

(x) the
products and proceeds of all of the foregoing Collateral set forth in clauses (i)-(ix) above.

 

    -78-

     

    

 

Without limiting the generality
of the foregoing, the “Collateral” shall include all investment property and general intangibles respecting ownership
and/or other equity interests in each Subsidiary, including, without limitation, the shares of capital stock and the other equity interests
listed on Schedule G hereto (as the same may be modified from time to time pursuant to the terms hereof), and any
other shares of capital stock and/or other equity interests of any other direct or indirect subsidiary of any Debtor obtained in the future,
and, in each case, all certificates representing such shares and/or equity interests and, in each case, all rights, options, warrants,
stock, other securities and/or equity interests that may hereafter be received, receivable or distributed in respect of, or exchanged
for, any of the foregoing and all rights arising under or in connection with the Pledged Securities, including, but not limited to, all
dividends, interest and cash.

 

Notwithstanding the foregoing,
nothing herein shall be deemed to constitute an assignment of any asset which, in the event of an assignment, becomes void by operation
of applicable law or the assignment of which is otherwise prohibited by applicable law (in each case to the extent that such applicable
law is not overridden by Sections 9-406, 9-407 and/or 9-408 of the UCC or other similar applicable
law); provided, however, that, to the extent permitted by applicable law, this Agreement shall create a valid
security interest in such asset and, to the extent permitted by applicable law, this Agreement shall create a valid security interest
in the proceeds of such asset.

 

(b) “Intellectual
Property” means the collective reference to all rights, priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise, including, without limitation, (i) all copyrights arising under
the laws of the United States, any other country or any political subdivision thereof, whether registered or unregistered and whether
published or unpublished, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation,
all registrations, recordings and applications in the United States Copyright Office, (ii) all letters patent of the United States, any
other country or any political subdivision thereof, all reissues and extensions thereof, and all applications for letters patent of the
United States or any other country and all divisions, continuations and continuations-in-part thereof, (iii) all trademarks, trade names,
corporate names, company names, business names, fictitious business names, trade dress, service marks, logos, domain names and other source
or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings
thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office
or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all common
law rights related thereto, (iv) all trade secrets arising under the laws of the United States, any other country or any political subdivision
thereof, (v) all rights to obtain any reissues, renewals or extensions of the foregoing, (vi) all licenses for any of the foregoing, and
(vii) all causes of action for infringement of the foregoing.

 

(c) “Necessary
Endorsement” means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other
instruments or documents as the Agent (as that term is defined below) may reasonably request.

 

(d) “Obligations”
means all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several) due or to become due, or
that are now or may be hereafter contracted or acquired, or owing to, of any Debtor to the Secured Parties of whatever nature, including,
without limitation, all of the liabilities and obligations under this Agreement, the Notes and any other instruments, agreements or other
documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter existing, voluntary or
involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether
or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations
or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or indirectly from any of
the Secured Parties as a preference, fraudulent transfer or otherwise as such obligations may be amended, supplemented, converted, extended
or modified from time to time. Without limiting the generality of the foregoing, the term “Obligations” shall include,
without limitation: (i) principal of, and interest on the Notes and the loans extended pursuant thereto; (ii) any and all other fees,
indemnities, costs, obligations and liabilities of the Debtors from time to time under or in connection with this Agreement, the Notes
and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith; and (iii) all
amounts (including but not limited to post-petition interest) in respect of the foregoing that would be payable but for the fact that
the obligations to pay such amounts are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar
proceeding involving any Debtor.

 

    -79-

     

    

 

(f) “Organizational
Documents” means, with respect to any Debtor, the documents by which such Debtor was organized (such as articles of incorporation,
certificate of incorporation, certificate of limited partnership or articles of organization, and including, without limitation, any certificates
of designation for preferred stock or other forms of preferred equity) and which relate to the internal governance of such Debtor (such
as bylaws, a partnership agreement or an operating, limited liability or members agreement).

 

(g) “Pledged
Securities” shall have the meaning ascribed to such term in Section 4(g).

 

(h) “Purchase
Agreement” shall have the meaning given to such term in the preamble.

 

2. Reaffirmation
and Grant of Security Interest in Collateral. Each Debtor party to the Existing Security Agreement reaffirms the security interest
granted under the terms and conditions of this Security Agreement and agrees that such security interest remains in full force and effect
and is hereby ratified, reaffirmed and confirmed. Each Debtor to the Existing Security Agreement acknowledges and agrees with the Secured
Parties that the Existing Security Agreement is amended, restated, and superseded in its entirety pursuant to the terms hereof. Furthermore,
as an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment,
performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges,
grants and hypothecates to the Secured Parties a perfected, first priority security interest in and to, a lien upon and a right of set-off
against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security
Interest” and, collectively, the “Security Interests”).

 

3. Delivery
of Certain Collateral. Contemporaneously or prior to the execution of this Agreement, each Debtor shall deliver or cause
to be delivered to the Agent (a) any and all certificates and other instruments representing or evidencing the Pledged Securities (if
any), and (b) any and all certificates and other instruments or documents representing any of the other Collateral, in each case, together
with all Necessary Endorsements. The Debtors are, contemporaneously with the execution hereof, delivering to Agent, or have
previously delivered to Agent, a true and correct copy of each Organizational Document governing any of the Pledged Securities. Notwithstanding
anything contained herein, prior to any Event of Default, the Company shall have the right vote any Pledged Securities and receive dividends
therefrom.

 

4. Representations,
Warranties, Covenants and Agreements of the Debtors. Except as set forth under the corresponding Section of the disclosure schedules
delivered to the Secured Parties concurrently herewith (the “Disclosure Schedules”), which Disclosure Schedules shall
be deemed a part hereof, each Debtor represents and warrants to, and covenants and agrees with, the Secured Parties as follows:

 

(a) The
Debtors have no place of business or offices where their respective books of account and records are kept (other than temporarily at the
offices of its attorneys or accountants) or places where Collateral is stored or located, except as set forth on Schedule A attached
hereto. Except as specifically set forth on Schedule A, each Debtor is the record owner of the real property
where such Collateral is located, and there exist no mortgages or other liens on any such real property except for Permitted Liens as
set forth on Schedule A. Except as disclosed on Schedule A, none of such Collateral is in the
possession of any consignee, bailee, warehouseman, agent or processor.

 

(b) Except
for Permitted Liens and as set forth on Schedule B attached hereto, the Debtors are the sole owners of the Collateral,
free and clear of any liens, security interests, encumbrances, rights or claims, and are fully authorized to grant the Security Interests. Except
as set forth on Schedule C attached hereto, there is not on file in any governmental or regulatory authority, agency
or recording office an effective financing statement, security agreement, license or transfer or any notice of any of the foregoing (other
than those that will be filed in favor of the Secured Parties pursuant to this Agreement) covering or affecting any of the Collateral. 
Except as set forth on Schedule C attached hereto and except pursuant to this Agreement, as long as this Agreement
shall be in effect, the Debtors shall not execute and shall not knowingly permit to be on file in any such office or agency any other
financing statement or other document or instrument (except to the extent filed or recorded in favor of the Secured Parties pursuant to
the terms of this Agreement).

 

    -80-

     

    

 

(c) No
written claim has been received that any Collateral or any Debtor’s use of any Collateral violates the rights of any third party.
There has been no adverse decision to any Debtor’s claim of ownership rights in or exclusive rights to use the Collateral in any
jurisdiction or to any Debtor’s right to keep and maintain such Collateral in full force and effect, and there is no proceeding
involving said rights pending or, to the best knowledge of any Debtor, threatened before any court, judicial body, administrative or regulatory
agency, arbitrator or other governmental authority.

 

(d) Each
Debtor shall at all times maintain its books of account and records relating to the Collateral at its principal place of business and
its Collateral at the locations set forth on Schedule A attached hereto and may not relocate such books of account
and records or tangible Collateral unless it delivers to the Secured Parties at least thirty (30) days prior to such relocation (i) written
notice of such relocation and the new location thereof (which must be within the United States) and (ii) evidence that appropriate financing
statements under the UCC and other necessary documents have been filed and recorded and other steps have been taken to perfect the Security
Interests to create in favor of the Secured Parties a valid, perfected and continuing perfected first priority lien in the Collateral
(to the extent such Collateral can be perfected by the filing of a UCC financing statement).

 

(e) This
Agreement creates in favor of the Secured Parties a valid first priority security interest in the Collateral, subject only to Permitted
Liens, securing the payment and performance of the Obligations. Upon making the filings described in the immediately following paragraph,
all security interests created hereunder in any Collateral which may be perfected by filing UCC financing statements shall have been duly
perfected. Except for (i) the recordation of the Intellectual Property Security Agreement (as defined in Section 4(dd) hereof)
with respect to copyrights and copyright applications referred to in paragraph (z) in the United States Copyright Office, (ii) the
recordation of the Intellectual Property Security Agreement (as defined in Section 4(dd) hereof) with respect to patents and trademarks
of the Debtors referred to in paragraph (bb) in the United States Patent and Trademark Office, and (iii) the delivery of the certificates
and other instruments provided in Section 3, no action is necessary to create, perfect or protect the security interests created
hereunder. Without limiting the generality of the foregoing, except for the foregoing, no consent of any third parties and no authorization,
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for (x) the execution,
delivery and performance of this Agreement, (y) the creation or perfection of the Security Interests created hereunder in the Collateral
(to the extent such Collateral can be perfected by the filing of a UCC financing statement) or (z) the enforcement of the rights
of the Agent and the Secured Parties hereunder.

 

(f) Each
Debtor hereby authorizes the Agent to file one or more financing statements under the UCC, with respect to the Security Interests, with
the proper filing and recording agencies in any jurisdiction deemed proper by it.

 

(g) The
capital stock and other equity interests listed on Schedule G hereto (including all uncertificated equity interests
consisting of capital stock of any corporation as well as partnership or limited liability company interests of any other entity) (the
“Pledged Securities”) represent all of the capital stock and other equity interests of the Debtors, and represent all
capital stock and other equity interests owned, directly or indirectly, by the Company. All of the Pledged Securities are validly
issued, fully paid and nonassessable, and the Company is the legal and beneficial owner of the Pledged Securities, free and clear of any
lien, security interest or other encumbrance except for the security interests created by this Agreement and other Permitted Liens.

 

(h) Except
for Permitted Liens, each Debtor shall at all times maintain the liens and Security Interests provided for hereunder as valid and perfected,
first priority liens and security interests in the Collateral in favor of the Secured Parties until this Agreement and the Security Interest
hereunder shall be terminated pursuant to Section 14 hereof. Each Debtor hereby agrees to defend the same against
the claims of any and all persons and entities. Each Debtor shall safeguard and protect all Collateral for the account of the Secured
Parties. At the request of the Agent, each Debtor will deliver to the Agent on behalf of the Secured Parties at any time or
from time to time one or more financing statements pursuant to the UCC in form reasonably satisfactory to the Agent and will pay the cost
of filing the same in all public offices wherever filing is, or is deemed by the Agent to be, necessary or desirable to effect the rights
and obligations provided for herein. Without limiting the generality of the foregoing, each Debtor shall pay all fees, taxes and other
amounts necessary to maintain the Collateral and the Security Interests hereunder, and each Debtor shall obtain and furnish to the Agent
from time to time, upon demand, such releases and/or subordinations of claims and liens which may be required to maintain the priority
of the Security Interests hereunder. In addition to the foregoing, each Debtor shall promptly execute and deliver to the Agent such further
deeds, mortgages, assignments, security agreements, financing statements or other instruments, documents, certificates and assurances
and take such further action as the Agent may from time to time request and may in its sole discretion deem necessary to perfect, protect
or enforce the Secured Parties’ security interest in the Collateral, including, without limitation, if applicable, the execution
and delivery of a separate security agreement with respect to each Debtor’s Intellectual Property (“Intellectual Property
Security Agreement”) in which the Secured Parties have been granted a security interest hereunder, substantially in a form reasonably
acceptable to the Agent, which Intellectual Property Security Agreement, other than as stated therein, shall be subject to all of the
terms and conditions hereof.

 

    -81-

     

    

 

(i) No
Debtor will transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral (except for Permitted
Liens or non-exclusive licenses granted by a Debtor in its ordinary course of business, sales of inventory by a Debtor in its ordinary
course of business and the replacement of worn-out or obsolete equipment by a Debtor in its ordinary course of business) without the prior
written consent of the Secured Party.

 

(j) Each
Debtor shall keep and preserve its equipment, inventory and other tangible Collateral in good condition, repair and order (other than
ordinary use wear and tear) and shall not operate or locate any such Collateral (or cause to be operated or located) in any area excluded
from insurance coverage.

 

(k) Each Debtor
shall maintain with financially sound and reputable insurers, insurance with respect to the Collateral, including Collateral hereafter
acquired, against loss or damage of the kinds and in the amounts customarily insured against by entities of established reputation having
similar properties similarly situated and in such amounts as are customarily carried under similar circumstances by other such entities
and otherwise as is prudent for entities engaged in similar businesses
but in any event sufficient to cover the full replacement cost thereof. Each Debtor shall cause each insurance policy issued in connection
herewith to provide, and the insurer issuing such policy to certify to the Agent, that (a) the Agent will be named as lender loss payee
and additional insured under each such insurance policy; (b) if such insurance be proposed to be cancelled or materially changed for
any reason whatsoever, such insurer will promptly notify the Agent and such cancellation or change shall not be effective as to the Agent
for at least thirty (30) days after receipt by the Agent of such notice, unless the effect of such change is to extend or increase coverage
under the policy; and (c) the Agent will have the right (but no obligation) at its election to remedy any default in the payment of premiums
within thirty (30) days of notice from the insurer of such default. All loss payments under any insurance policy shall be paid to the
Agent If no Event of Default (as defined in the Notes) exists, then upon approval by Agent, which approval shall not be unreasonably
withheld, delayed, denied or conditioned, loss payments in excess of $250,000, each instance may be applied by the applicable Debtor
to the repair and/or replacement of property with respect to which the loss was incurred to the extent reasonably feasible, and any loss
payments or the balance thereof remaining, to the extent not so applied, shall be paid to the Agent on behalf of the Secured Parties.

 

(l) Each
Debtor shall, within five (5) days of obtaining knowledge thereof, advise the Secured Parties, in sufficient detail, of any material adverse
change in the Collateral, and of the occurrence of any event that would have a material adverse effect on the value of the Collateral
or on the Secured Parties’ security interest, through the Agent, therein.

 

(m) Upon
one (1) day’s prior notice (so long as no Event of Default has occurred or continuing, which in either such event, no prior notice
is required), each Debtor shall permit the Agent and its representatives and agents to inspect the Collateral during normal business hours
and to make copies of records pertaining to the Collateral as may be reasonably requested by the Agent from time to time.

 

(n) Each
Debtor shall promptly notify the Secured Parties in sufficient detail upon becoming aware of any attachment, garnishment, execution or
other legal process levied against any material portion of the Collateral and of any other information received by such Debtor that may
materially affect the value of the Collateral, the Security Interest or the rights and remedies of the Secured Parties hereunder.

 

(o) All
information heretofore, herein or hereafter supplied to the Secured Parties by or on behalf of any Debtor with respect to the Collateral
is accurate and complete in all material respects as of the date furnished.

 

(p) The
Debtors shall at all times preserve and keep in full force and effect their respective valid existence and good standing and any rights
and franchises material to its business. No Debtor will change its name, change of location of any Collateral, type of organization, jurisdiction
of organization, organizational identification number (if it has one), legal or corporate structure, or identity, or add any new fictitious
name unless it provides at least thirty (30) days’ prior written notice to the Secured Parties of such change and, at the time of
such written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue the perfection
of the Security Interests granted and evidenced by this Agreement.

 

(q) Except
in the ordinary course of business, no Debtor may consign any of its inventory or sell any of its inventory on bill-and-hold, sale-or-return,
sale-on-approval, or other conditional terms of sale without the consent of the Agent, which shall not be unreasonably withheld, delayed,
denied, or conditioned.

 

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(r) No
Debtor may relocate its chief executive office to a new location without providing thirty (30) days’ prior written notification
thereof to the Secured Parties and so long as, at the time of such written notification, such Debtor provides any financing statements
or fixture filings necessary to perfect and continue the perfection of the Security Interests granted and evidenced by this Agreement.

 

(s) Each
Debtor was organized and remains organized solely under the laws of the state set forth next to such Debtor’s name in Schedule D attached
hereto, which Schedule D sets forth each Debtor’s organizational identification number or, if any Debtor does
not have one, states that one does not exist.

 

(t) (i)
The actual name of each Debtor is the name set forth in Schedule D attached hereto; (ii) no Debtor has any trade
names except as set forth on Schedule E attached hereto; (iii) no Debtor has used any name other than that
stated in the preamble hereto or as set forth on Schedule E for the preceding five (5) years; and (iv) no entity has
merged into any Debtor or been acquired by any Debtor within the past five years except as set forth on Schedule E.

 

(u) Each
Debtor, in its capacity as issuer, hereby agrees to comply with any and all orders and instructions of Agent regarding the Pledged Securities
consistent with the terms of this Agreement without the further consent of any Debtor as contemplated by Section 8-106 (or any successor
section) of the UCC. Further, each Debtor agrees that it shall not enter into a similar agreement (or one that would confer
“control” within the meaning of Article 8 of the UCC) with any other person or entity.

 

(v) Each
Debtor shall cause each subsidiary of such Debtor to immediately become a party hereto (an “Additional Debtor”), by
executing and delivering an Additional Debtor Joinder in substantially the form of Annex A attached hereto and comply
with the provisions hereof applicable to the Debtors. Concurrently therewith, the Additional Debtor shall deliver replacement
schedules for, or supplements to all other Disclosure Schedules to (or referred to in) this Agreement, as applicable, which replacement
schedules shall supersede, or supplements shall modify, the Disclosure Schedules then in effect. The Additional Debtor shall
also deliver such authorizing resolutions, good standing certificates, incumbency certificates, organizational documents, financing statements
and other information and documentation as the Agent may reasonably request. Upon delivery of the foregoing to the Agent, the
Additional Debtor shall be and become a party to this Agreement with the same rights and obligations as the Debtors, for all purposes
hereof as fully and to the same extent as if it were an original signatory hereto and shall be deemed to have made the representations,
warranties and covenants set forth herein as of the date of execution and delivery of such Additional Debtor Joinder, and all references
herein to the “Debtors” shall be deemed to include each Additional Debtor.

 

(w) Each
Debtor shall vote the Pledged Securities to comply with the covenants and agreements set forth herein and in the Notes.

 

(x) Each
Debtor shall register the pledge of the applicable Pledged Securities on the books of such Debtor. Each Debtor shall notify
each issuer of Pledged Securities to register the pledge of the applicable Pledged Securities in the name of the Secured Parties on the
books of such issuer. Further, except with respect to certificated securities delivered to the Agent, the applicable Debtor
shall deliver to Agent an acknowledgement of pledge (which, where appropriate, shall comply with the requirements of the relevant UCC
with respect to perfection by registration) signed by the issuer of the applicable Pledged Securities, which acknowledgement shall confirm
that: (a) it has registered the pledge on its books and records; and (b) at any time directed by Agent during the continuation of an Event
of Default, such issuer will transfer the record ownership of such Pledged Securities into the name of any designee of Agent, will take
such steps as may be necessary to effect the transfer, and will comply with all other instructions of Agent regarding such Pledged Securities
without the further consent of the applicable Debtor.

 

(y) In
the event that, upon an occurrence of an Event of Default, Agent shall sell all or any of the Pledged Securities to another party or parties
(herein called the “Transferee”) or shall purchase or retain all or any of the Pledged Securities, each Debtor shall,
to the extent applicable: (i) deliver to Agent or the Transferee, as the case may be, the articles of incorporation, bylaws, minute books,
stock certificate books, corporate seals, deeds, leases, indentures, agreements, evidences of indebtedness, books of account, financial
records and all other Organizational Documents and records of the Debtors and their direct and indirect subsidiaries (but not including
any items subject to the attorney-client privilege related to this Agreement or any of the transactions hereunder); (ii) use its best
efforts to obtain resignations of the persons then serving as officers and directors of the Debtors and their direct and indirect subsidiaries,
if so requested; and (iii) use its best efforts to obtain any approvals that are required by any governmental or regulatory body in order
to permit the sale of the Pledged Securities to the Transferee or the purchase or retention of the Pledged Securities by Agent and allow
the Transferee or Agent to continue the business of the Debtors and their direct and indirect subsidiaries.

 

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(z) Without
limiting the generality of the other obligations of the Debtors hereunder, each Debtor shall promptly (i) cause to be registered at the
United States Copyright Office all of its material copyrights, (ii) following an Event of Default, upon the written request of the Agent,
cause the security interest contemplated hereby with respect to all Intellectual Property registered at the United States Copyright Office
or United States Patent and Trademark Office to be duly recorded at the applicable office, and (iii) give the Agent notice whenever it
acquires (whether absolutely or by license) or creates any additional material Intellectual Property.

 

(aa) Each Debtor will
from time to time, at the joint and several expense of the Debtors, promptly execute and deliver all such further instruments and documents,
and take all such further action as may be necessary or desirable, or as the Agent may reasonably request, in order to perfect (to the
extent such security interest can be perfected by the filing of a UCC financing statement) and protect any security interest granted or
purported to be granted hereby or to enable the Secured Parties to exercise and enforce their rights and remedies hereunder and with respect
to any Collateral or to otherwise carry out the purposes of this Agreement.

 

(bb) Schedule F attached
hereto lists all of the patents, patent applications, trademarks, trademark applications, registered copyrights, and domain names owned
by any of the Debtors as of the date hereof. Schedule F lists all material licenses in favor of any Debtor
for the use of any patents, trademarks, copyrights and domain names as of the date hereof. All material patents and trademarks
of the Debtors have been duly recorded at the United States Patent and Trademark Office and all material copyrights of the Debtors have
been duly recorded at the United States Copyright Office.

 

(cc) Each Debtor shall promptly
execute and deliver to the Agent such further deeds, mortgages, assignments, security agreements, financing statements or other instruments,
documents, certificates and assurances and take such further action as the Agent may from time to time request and may in its sole discretion
deem necessary to perfect, protect or enforce the Secured Parties’ security interest in the Collateral.

 

(dd) Each
Debtor will not transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral (except for non-exclusive
licenses granted by a Debtor in its ordinary course of business and sales of inventory by a Debtor in its ordinary course of business)
without the prior written consent of the Agent.

 

(ee).
Each Debtor, hereby, to the extent applicable, affirms each representation and warranty set forth in the Purchase Agreement.

 

5. Effect
of Pledge on Certain Rights.  If any of the Collateral subject to this Agreement consists of nonvoting equity or ownership interests
(regardless of class, designation, preference or rights) that may be converted into voting equity or ownership interests upon the occurrence
of certain events (including, without limitation, upon the transfer of all or any of the other stock or assets of the issuer), it is agreed
by Debtors that the pledge of such equity or ownership interests pursuant to this Agreement or the enforcement of any of Agent’s
rights hereunder shall not be deemed to be the type of event which would trigger such conversion rights notwithstanding any provisions
in the Organizational Documents or agreements to which any Debtor is subject or to which any Debtor is party.

 

6. Defaults.
The following events shall be “Events of Default”:

 

(a) The
occurrence of an Event of Default (as defined in the Notes) under the Notes;

 

(b) Any
representation or warranty of any Debtor in this Agreement or any other Transaction Document shall prove to have been incorrect in any
material respect when made;

 

(c) The
failure by any Debtor to observe or perform any of its obligations hereunder or thereunder for five (5) days after the earlier of (i)
delivery to such Debtor of notice of such failure by or on behalf of a Secured Party or (ii) the date the applicable Debtor knew of or
should have known of such failure to observe or perform the applicable obligation;

 

(d) The failure by any Debtor
to observe or perform any of its obligations under any material agreement with respect to which such Debtor is a party and such failure
has not been cured by the time the applicable grace period, if any, has lapsed; or

 

(e) If
any material provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability
thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction
over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability
or obligation purported to be created under this Agreement.

 

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7. Duty
to Hold in Trust.

 

(a) Upon
the occurrence and during the continuance of any Event of Default, each Debtor shall upon receipt of any revenue, income, dividend, interest
or other sums subject to the Security Interests, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade
acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Parties and shall
forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently
outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata
in proportion to the initial purchases of the remaining Notes).

 

(b) If
any Debtor shall become entitled to receive or shall receive any material securities or other property (including, without limitation,
shares of Pledged Securities or instruments representing Pledged Securities acquired after the date hereof, or any options, warrants,
rights or other similar property or certificates representing a dividend, or any distribution in connection with any recapitalization,
reclassification or increase or reduction of capital, or issued in connection with any reorganization of such Debtor or any of its direct
or indirect subsidiaries) in respect of the Pledged Securities (whether as an addition to, in substitution of, or in exchange for, such
Pledged Securities or otherwise), such Debtor agrees to (i) accept the same as the agent of the Secured Parties; (ii) hold the same in
trust on behalf of and for the benefit of the Secured Parties; and (iii) to deliver any and all certificates or instruments evidencing
the same to Agent on or before the close of business on the fifth (5th) business day following the receipt thereof by such
Debtor, in the exact form received together with the Necessary Endorsements, to be held by Agent subject to the terms of this Agreement
as Collateral.

 

8. Rights
and Remedies Upon Default.

 

(a) Upon
the occurrence and during the continuance of any Event of Default, the Secured Parties, acting through the Agent, shall have the right
to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Parties shall have all the rights and remedies
of a secured party under the UCC. Without limitation, the Agent, for the benefit of the Secured Parties, shall have the following
rights and powers:

 

(i) The
Agent shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance of any person,
any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and each Debtor shall assemble the Collateral
and make it available to the Agent at places which the Agent shall reasonably select, whether at such Debtor’s premises or elsewhere,
and make available to the Agent, without rent, all of such Debtor’s respective premises and facilities for the purpose of the Agent
taking possession of, removing or putting the Collateral in saleable or disposable form.

 

(ii) The
Agent shall have all rights of each Debtor to exercise the voting and other consensual rights which it would otherwise be entitled to
exercise and all rights of each Debtor to receive the dividends and interest which it would otherwise be authorized to receive and retain,
shall cease. Upon such written notice, Agent shall have the right to receive, for the benefit of the Secured Parties, any interest,
cash dividends or other payments on the Collateral and, at the option of Agent, to exercise in such Agent’s discretion all voting
rights pertaining thereto. Without limiting the generality of the foregoing, Agent shall have the right (but not the obligation)
to exercise all rights with respect to the Collateral as it were the sole and absolute owner thereof, including, without limitation, to
vote and/or to exchange, at its sole discretion, any or all of the Collateral in connection with a merger, reorganization, consolidation,
recapitalization or other readjustment concerning or involving the Collateral or any Debtor or any of its direct or indirect subsidiaries.

 

(iii) The
Agent shall have the right to operate the business of each Debtor using the Collateral and shall have the right to assign, sell, lease
or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either with or without
special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times
and at such place or places, and upon such terms and conditions as the Agent may deem commercially reasonable, all without (except as
shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to any Debtor or right of redemption
of a Debtor, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, the
Agent, for the benefit of the Secured Parties, may, unless prohibited by applicable law which cannot be waived, purchase all or any part
of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of any Debtor, which are
hereby waived and released.

 

    -85-

     

    

 

(iv) The
Agent shall have the right (but not the obligation) to notify any account debtors and any obligors under instruments or accounts to make
payments directly to the Agent, on behalf of the Secured Parties, and to enforce the Debtors’ rights against such account debtors
and obligors.

 

(v) The
Agent, for the benefit of the Secured Parties, may (but is not obligated to) direct any financial intermediary or any other person or
entity holding any investment property to transfer the same to the Agent, on behalf of the Secured Parties, or its designee.

 

(vi) The
Agent may (but is not obligated to) transfer any or all Intellectual Property registered in the name of any Debtor at the United States
Patent and Trademark Office and/or Copyright Office into the name of the Secured Parties or any designee or any purchaser of any Collateral.

 

(b) The
Agent shall comply with any mandatory provisions of applicable law in connection with a disposition of Collateral and such compliance
will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral. The Agent may sell
the Collateral without giving any warranties and may specifically disclaim such warranties. If the Agent sells any of the Collateral
on credit, the Debtors will only be credited with payments actually made by the purchaser. In addition, each Debtor waives
(except as shall be required by applicable statute and cannot be waived) any and all rights that it may have to a judicial hearing in
advance of the enforcement of any of the Agent’s rights and remedies hereunder, including, without limitation, its right following
an Event of Default to take immediate possession of the Collateral and to exercise its rights and remedies with respect thereto.

 

(c) For
the purpose of enabling the Agent to further exercise rights and remedies under this Section 8 or elsewhere provided by agreement
or applicable law, each Debtor hereby grants to the Agent, for the benefit of the Agent and the Secured Parties, an irrevocable, nonexclusive
license (exercisable without payment of royalty or other compensation to such Debtor) to use, license or sublicense following an Event
of Default, any Intellectual Property now owned or hereafter acquired by such Debtor, and wherever the same may be located, and including
in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs
used for the compilation or printout thereof.

 

9. Applications
of Proceeds. Upon the occurrence and continuance of any Event of Defaut, the Collateral Agent shall apply the cash proceeds of any
action taken by it pursuant to this Agreement, after deducting all reasonable costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any Collateral or in any way relating to the Collateral or the rights of the Collateral
Agent and any other Secured Party hereunder, including reasonable attorneys’ fees and disbursements, to the payment in whole or
in part of the Obligations, as set forth in the Purchase Agreement, and only after such application and after the payment by the Collateral
Agent of any other amount required by any regulation, need the Collateral Agent account for the surplus, if any, to any Debtor. If, upon
the sale, license or other disposition of all of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the
Secured Parties are legally entitled, the Debtors will be liable for the deficiency, together with interest thereon, at the rate of 18%
per annum or the lesser amount permitted by applicable law (the “Default Rate”), and the reasonable fees of any attorneys
employed by the Secured Parties to collect such deficiency. To the extent permitted by applicable law, each Debtor waives all
claims, damages and demands against the Secured Parties arising out of the repossession, removal, retention or sale of the Collateral,
unless due solely to the gross negligence or willful misconduct of the Secured Parties as determined by a final judgment (not subject
to further appeal) of a court of competent jurisdiction.

 

10. Securities Law
Provision. Each Debtor recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of
the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state
securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a
restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment
and not with a view to the distribution or resale thereof. Each Debtor agrees that sales so made may be at prices and on terms
less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any
Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities
Laws. Each Debtor shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including,
without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

 

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11. Costs
and Expenses. Each Debtor agrees to pay all reasonable out-of-pocket fees, costs and expenses incurred in connection with any filing
required hereunder, including without limitation, any financing statements pursuant to the UCC, continuation statements, partial releases
and/or termination statements related thereto or any expenses of any searches reasonably required by the Agent. The Debtors
shall also pay all other claims and charges which in the reasonable opinion of the Agent is reasonably likely to prejudice, imperil or
otherwise affect the Collateral or the Security Interests therein. The Debtors will also, upon demand, pay to the Agent the
amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which
the Agent, for the benefit of the Secured Parties, may incur in connection with the creation, perfection, protection, satisfaction, foreclosure,
collection or enforcement of the Security Interest and the preparation, administration, continuance, amendment or enforcement of this
Agreement and pay to the Agent the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel
and of any experts and agents, which the Agent, for the benefit of the Secured Parties, and the Secured Parties may incur in connection
with (i) the enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization
upon, any of the Collateral, or (iii) the exercise or enforcement of any of the rights of the Secured Parties under the Notes.

 

12. Responsibility
for Collateral. The Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations shall
in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability
for any reason. Without limiting the generality of the foregoing and except as required by applicable law, (a) neither the
Agent nor any Secured Party (i) has any duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral
or to preserve any rights relating to the Collateral, or (ii) has any obligation to clean-up or otherwise prepare the Collateral for sale,
and (b) each Debtor shall remain obligated and liable under each contract or agreement included in the Collateral to be observed or performed
by such Debtor thereunder. Neither the Agent nor any Secured Party shall have any obligation or liability under any such contract
or agreement by reason of or arising out of this Agreement or the receipt by the Agent or any Secured Party of any payment relating to
any of the Collateral, nor shall the Agent or any Secured Party be obligated in any manner to perform any of the obligations of any Debtor
under or pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by the Agent
or any Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or
agreement, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which
may have been assigned to the Agent or to which the Agent or any Secured Party may be entitled at any time or times.

 

13. Security
Interests Absolute. All rights of the Secured Parties and all obligations of each Debtor hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes or any agreement entered into in connection with
the foregoing, or any portion hereof or thereof, against any other Debtor or Guarantor; (b) any change in the time, manner or place of
payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent
to any departure from the Notes or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection
of any of the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guarantee,
or any other security, for all or any of the Obligations; (d) any action by the Secured Parties to obtain, adjust, settle and cancel in
its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (e) any other circumstance which
might otherwise constitute any legal or equitable defense available to a Debtor, or a discharge of all or any part of the Security Interests
granted hereby. Until the Obligations shall have been paid and performed in full (other than contingent obligations for which
no claim has been made), the rights of the Secured Parties shall continue even if the Obligations are barred for any reason, including,
without limitation, the running of the statute of limitations. Each Debtor expressly waives presentment, protest, notice of
protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Collateral or any
payment received by the Secured Parties hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable
preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due
to any party other than the Secured Parties, then, in any such event, each Debtor’s obligations hereunder shall survive cancellation
of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall
remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. Each Debtor waives all
right to require the Secured Parties to proceed against any other person or entity or to apply any Collateral which the Secured Parties
may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor waives any defense arising by reason of the application
of the statute of limitations to any obligation secured hereby.

 

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14. Term
of Agreement. This Agreement and the Security Interests shall terminate on the date on which all payments under the Notes have been
indefeasibly paid in full and all other Obligations (other than contingent obligations for which no claim has been made) have been paid
or discharged; provided, however, that all indemnities of the Debtors contained in this Agreement (including, without limitation,
Annex B hereto) shall survive and remain operative and in full force and effect regardless of the termination of this Agreement.

 

15. Power
of Attorney; Further Assurances.

 

(a) Each
Debtor authorizes the Agent, and does hereby make, constitute and appoint the Agent and its officers, agents, successors or assigns with
full power of substitution, as such Debtor’s true and lawful attorney-in-fact, with power, in the name of the Agent or such Debtor,
to, after the occurrence and during the continuance of an Event of Default, (i) endorse any note, checks, drafts, money orders or other
instruments of payment (including payments payable under or in respect of any policy of insurance) in respect of the Collateral that may
come into possession of the Agent; (ii) to sign and endorse any financing statement pursuant to the UCC or any invoice, freight or express
bill, bill of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with
accounts, and other documents relating to the Collateral; (iii) to pay or discharge taxes, liens, security interests or other encumbrances
at any time levied or placed on or threatened against the Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue
for monies due in respect of the Collateral; (v) to transfer any Intellectual Property or provide licenses respecting any Intellectual
Property; and (vi) generally, at the option of the Agent, and at the expense of the Debtors, at any time, or from time to time, to execute
and deliver any and all documents and instruments and to do all acts and things which the Agent deems necessary to protect, preserve and
realize upon the Collateral and the Security Interests granted therein in order to effect the intent of this Agreement and the Notes all
as fully and effectually as the Debtors might or could do; and each Debtor hereby ratifies all that said attorney shall lawfully do or
cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable for the term
of this Agreement and thereafter as long as any of the Obligations shall be outstanding. The designation set forth herein shall
be deemed to amend and supersede any inconsistent provision in the Organizational Documents or other documents or agreements to which
any Debtor is subject or to which any Debtor is a party. Without limiting the generality of the foregoing, after the occurrence
and during the continuance of an Event of Default, each Secured Party is specifically authorized to execute and file any applications
for or instruments of transfer and assignment of any patents, trademarks, copyrights or other Intellectual Property with the United States
Patent and Trademark Office and the United States Copyright Office.

 

(b) Each
Debtor hereby irrevocably appoints the Agent as such Debtor’s attorney-in-fact, with full authority in the place and instead of
such Debtor and in the name of such Debtor, from time to time in the Agent’s discretion, to take any action and to execute any instrument
which the Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including the filing, in its sole discretion,
of one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of
such Debtor where permitted by law, which financing statements may (but need not) describe the Collateral as “all assets”
or “all personal property” or words of like import, and ratifies all such actions taken by the Agent. This power
of attorney is coupled with an interest and shall be irrevocable for the term of this Agreement and thereafter as long as any of the Obligations
shall be outstanding.

 

(c) Each
Debtor upon request of the Agent, shall provide Agent such further documents, such as one or more landlord waiver, and such further information,
and take such further action as Agent may reasonably request.

 

16. Notices.
All notices, requests, demands and other communications hereunder shall be subject to the notice provision of the Purchase Agreement.

 

17. Other
Security. To the extent that the Obligations are now or hereafter secured by property other than the Collateral or by the guarantee,
endorsement or property of any other person, firm, corporation or other entity, then the Agent shall have the right, in its sole discretion,
to pursue, relinquish, subordinate, modify or take any other action with respect thereto, without in any way modifying or affecting any
of the Secured Parties’ rights and remedies hereunder.

 

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18. Appointment
of Agent. If and as applicable, the Secured Parties hereby appoint Arena Investors LP to act as their agent (“Agent”)
for purposes of exercising any and all rights and remedies of the Secured Parties hereunder. Such appointment shall continue until revoked
in writing by the Secured Parties, at which time the Secured Parties shall appoint a new Agent. The Agent shall have the rights, responsibilities
and immunities set forth in Annex B hereto.

 

19. Miscellaneous.

 

(a) No
course of dealing between the Debtors and the Secured Parties, nor any failure to exercise, nor any delay in exercising, on the part of
the Secured Parties, any right, power or privilege hereunder or under the Notes shall operate as a waiver thereof; nor shall any single
or partial exercise of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise
of any other right, power or privilege.

 

(b) All
of the rights and remedies of the Secured Parties with respect to the Collateral, whether established hereby or by the Notes or by any
other agreements, instruments or documents or by law shall be cumulative and may be exercised singly or concurrently.

 

(c) This
Agreement, together with the exhibits and schedules hereto, contains the entire understanding of the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties
acknowledge have been merged into this Agreement and the exhibits and schedules hereto. No provision of this Agreement may be waived,
modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Debtors and the Secured Party,
or, in the case of a waiver, by the party against whom enforcement of any such waived provision is sought.

 

(d) If
any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect
and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find
and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant
or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(e) No
waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver
in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any
delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.

 

(f) This
Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company
and the Subsidiaries may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Agent
(other than by merger). Any Secured Party may assign any or all of its rights under this Agreement to any Person (as defined
in the Purchase Agreement) to whom such Secured Party assigns or transfers any Obligations, provided such transferee agrees in writing
to be bound, with respect to the transferred Obligations, by the provisions of this Agreement that apply to the “Secured Parties.”

 

(g) Each
party shall take such further action and execute and deliver such further documents as may be necessary or appropriate in order to carry
out the provisions and purposes of this Agreement.

 

(h) Except
to the extent mandatorily governed by the jurisdiction or situs where the Collateral is located, all questions concerning the construction,
validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal
laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Except to the extent mandatorily
governed by the jurisdiction or situs where the Collateral is located, each Debtor agrees that all proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement and the Notes (whether brought against a party hereto or its
respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the
state and federal courts sitting in Clark County, Nevada. Except to the extent mandatorily governed by the jurisdiction or
situs where the Collateral is located, each Debtor hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts
sitting in Clark County, Nevada for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such proceeding is improper.  Each party hereto hereby irrevocably waives,
to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating
to this Agreement or the transactions contemplated hereby.

 

    -89-

     

    

 

(i) This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and, all of
which taken together shall constitute one and the same Agreement. In the event that any signature is delivered by facsimile transmission,
such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same
with the same force and effect as if such facsimile signature were the original thereof.

 

(j) All
Debtors shall jointly and severally be liable for the obligations of each Debtor to the Secured Parties hereunder.

 

(k) Each
Debtor agrees to indemnify, pay and hold harmless the Agent and the Secured Parties and their respective assignees and affiliates and
their respective officers, directors, managers, managing members, members, partners, employees, agents, brokers, advisers, consultants,
auditors, and attorneys of any of them (collectively, “Indemnitees”) from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (including
the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative or judicial
proceeding commenced or threatened, whether or not such Purchaser Indemnitee shall be designated a party thereto) imposed on, incurred
by or asserted against such Indemnitee in any way related to or arising from or alleged to arise from this Agreement or the Collateral,
except any such losses, claims, liabilities, damages, penalties, suits, costs and expenses which result from the gross negligence or willful
misconduct of the Indemnitee as determined by a final, nonappealable decision of a court of competent jurisdiction; provided that the
Debtors shall not be obligated to indemnify the Indemnitees, or have any liability, in excess of the aggregate Purchase Price (as defined
in the Purchase Agreement). This indemnification provision is in addition to, and not in limitation of, any other indemnification
provision in the Notes, the Purchase Agreement or any other agreement, instrument or other document executed or delivered in connection
herewith or therewith.

 

(l) Nothing
in this Agreement shall be construed to subject Agent or any Secured Party to liability as a partner in any Debtor or any if its direct
or indirect subsidiaries that is a partnership or as a member in any Debtor or any of its direct or indirect subsidiaries that is a limited
liability company, nor shall Agent or any Secured Party be deemed to have assumed any obligations under any partnership agreement or limited
liability company agreement, as applicable, of any such Debtor or any of its direct or indirect subsidiaries or otherwise, unless and
until any such Secured Party exercises its right to be substituted for such Debtor as a partner or member, as applicable, pursuant hereto.

 

(m) To
the extent that the grant of the security interest in the Collateral and the enforcement of the terms hereof require the consent, approval
or action of any partner or member, as applicable, of any Debtor or any direct or indirect subsidiary of any Debtor or compliance with
any provisions of any of the Organizational Documents, the Debtors hereby represent that all such consents and approvals have been obtained

 

(n) Each
Secured Party and the Agent shall have the right of set-off.

 

[SIGNATURE PAGE OF DEBTORS FOLLOWS]

 

    -90-

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Amended and Restated Security Agreement to be duly executed on the day and year first above written.

 

	OPTIMUS HEALTHCARE SERVICES, INC.	 
	 	 	 	 
	By:	 	 
	 	Name: 	Marc Wiener	 
	 	Title:	Chief Executive Officer	 

 

[SIGNATURE PAGE OF HOLDERS FOLLOWS]

 

    -91-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Fund, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -92-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Partners I, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -93-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Partners II, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -94-

     

    

 

ANNEX A

 

to

 

SECURITY AGREEMENT

 

FORM OF ADDITIONAL DEBTOR JOINDER

 

Security Agreement dated as of June 7, 2022 made
by Optimus Healthcare Services, Inc., a Florida corporation (which was formerly known as Between Dandelions, Inc.) and its subsidiaries
party thereto from time to time, as Debtors to and in favor of the Secured Parties identified therein (the “Security Agreement”).

 

Reference is made to the Security
Agreement as defined above; capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms
in, or by reference in, the Security Agreement.

 

The undersigned hereby agrees
that, upon delivery of this Additional Debtor Joinder to the Secured Parties referred to above, the undersigned shall (a) be an Additional
Debtor under the Security Agreement, (b) have all the rights and obligations of the Debtors under the Security Agreement as fully and
to the same extent as if the undersigned was an original signatory thereto and (c) be deemed to have made the representations and warranties
set forth therein as of the date of execution and delivery of this Additional Debtor Joinder. WITHOUT LIMITING THE GENERALITY
OF THE FOREGOING, THE UNDERSIGNED SPECIFICALLY GRANTS TO THE SECURED PARTIES A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH
IN THE SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL PROVISIONS SET FORTH THEREIN.

 

Attached hereto are supplemental
and/or replacement Disclosure Schedules to the Security Agreement, as applicable.

 

An executed copy of this Joinder
shall be delivered to the Secured Parties, and the Secured Parties may rely on the matters set forth herein on or after the date hereof. This
Joinder shall not be modified, amended or terminated without the prior written consent of the Secured Parties.

 

IN WITNESS WHEREOF, the undersigned
has caused this Joinder to be executed in the name and on behalf of the undersigned.

 

	[Name of Additional Debtor]	 
	 	 	 	 
	By:	 	 
	 	Name:		 
	 	Title:		 
	 	Address:		 
	Dated:	 

 

    -95-

     

    

 

ANNEX B

 

to

 

SECURITY AGREEMENT

 

THE AGENT

 

1. Appointment.
 The Secured Parties (all capitalized terms used herein and not otherwise defined shall have the respective meanings provided
in the Security Agreement to which this Annex B is attached (the “Agreement”)), by their acceptance of the benefits
of the Agreement, hereby designate Arena Investors LP (“Agent”) as the Agent to act as specified herein and in the
Agreement. Each Secured Party shall be deemed irrevocably to authorize the Agent to take such action on its behalf under the
provisions of the Agreement and any other Transaction Document (as such term is defined in the Purchase Agreement) and to exercise such
powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Agent by the terms hereof
and thereof and such other powers as are reasonably incidental thereto. The Agent may perform any of its duties hereunder by
or through its agents or employees.

 

2. Nature
of Duties. The Agent shall have no duties or responsibilities except those expressly set forth in the Agreement. Neither
the Agent nor any of its partners, members, shareholders, officers, directors, employees or agents shall be liable for any action taken
or omitted by it as such under the Agreement or hereunder or in connection herewith or therewith, be responsible for the consequence of
any oversight or error of judgment or answerable for any loss, unless caused solely by its or their gross negligence or willful misconduct
as determined by a final judgment (not subject to further appeal) of a court of competent jurisdiction. The duties of the Agent
shall be mechanical and administrative in nature; the Agent shall not have by reason of the Agreement or any other Transaction Document
a fiduciary relationship in respect of any Debtor or any Secured Party; and nothing in the Agreement or any other Transaction Document
(as defined in the Purchase Agreement), expressed or implied, is intended to or shall be so construed as to impose upon the Agent any
obligations in respect of the Agreement or any other Transaction Document except as expressly set forth herein and therein.

 

3. Lack
of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems
appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company
and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations,
the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii)
its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and
the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit,
market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time
or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information,
representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution,
effectiveness, genuineness, validity, enforceability, perfection, collectability, priority or sufficiency of the Agreement or any other
Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any
inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction
Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of
any default or Event of Default under the Agreement, the Notes or any of the other Transaction Documents.

 

4. Certain
Rights of the Agent. The Agent shall have the right to take any action with respect to the Collateral, on behalf of all
of the Secured Parties. To the extent practical, the Agent shall request instructions from the Secured Parties with respect
to any material act or action (including failure to act) in connection with the Agreement or any other Transaction Document, and shall
be entitled to act or refrain from acting in accordance with the instructions of the Secured Party; if such instructions are not provided
despite the Agent’s request therefor, the Agent shall be entitled to refrain from such act or taking such action, and if such action
is taken, shall be entitled to appropriate indemnification from the Secured Parties in respect of actions to be taken by the Agent; and
the Agent shall not incur liability to any person or entity by reason of so refraining. Without limiting the foregoing, (a)
no Secured Party shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting
hereunder in accordance with the terms of the Agreement or any other Transaction Document, and the Debtors shall have no right to question
or challenge the authority of, or the instructions given to, the Agent pursuant to the foregoing and (b) the Agent shall not be required
to take any action that the Agent believes (i) could reasonably be expected to expose it to personal liability or (ii) is contrary to
this Agreement, the Transaction Documents or applicable law.

 

    -96-

     

    

 

5. Reliance. The
Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, statement, certificate,
telex, teletype or facsimile message, cablegram, radiogram, order or other document or telephone message signed, sent or made by the proper
person or entity, and, with respect to all legal matters pertaining to the Agreement and the other Transaction Documents and its duties
thereunder, upon advice of counsel selected by it and upon all other matters pertaining to this Agreement and the other Transaction Documents
and its duties thereunder, upon advice of other experts selected by it. Anything to the contrary notwithstanding, the Agent
shall have no obligation whatsoever to any Secured Party to assure that the Collateral exists or is owned by the Debtors or is cared for,
protected or insured or that the liens granted pursuant to the Agreement have been properly or sufficiently or lawfully created, perfected,
or enforced or are entitled to any particular priority.

 

6. Indemnification. To
the extent that the Agent is not reimbursed and indemnified by the Debtors, the Secured Parties will jointly and severally reimburse and
indemnify the Agent, in proportion to their initially purchased respective principal amounts of Notes, from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever
which may be imposed on, incurred by or asserted against the Agent in performing its duties hereunder or under the Agreement or any other
Transaction Document, or in any way relating to or arising out of the Agreement or any other Transaction Document except for those determined
by a final judgment (not subject to further appeal) of a court of competent jurisdiction to have resulted solely from the Agent’s
own gross negligence or willful misconduct. Prior to taking any action hereunder as Agent, the Agent may require each Secured
Party to deposit with it sufficient sums as it determines in good faith is necessary to protect the Agent for costs and expenses associated
with taking such action.

 

7. Resignation
by the Agent.

 

(a) The
Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time
by giving 30 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation
shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

 

(b) Upon
any such notice of resignation, the Secured Parties shall appoint a successor Agent hereunder.

 

(c) If
a successor Agent shall not have been so appointed within said thirty (30)-day period, the Agent shall then appoint a successor Agent
who shall serve as Agent until such time, if any, as the Secured Parties appoint a successor Agent as provided above. If a
successor Agent has not been appointed within such thirty (30)-day period, the Agent may petition any court of competent jurisdiction
or may interplead the Debtors and the Secured Parties in a proceeding for the appointment of a successor Agent, and all fees, including,
but not limited to, extraordinary fees associated with the filing of interpleader and expenses associated therewith, shall be payable
by the Debtors on demand.

 

8. Rights
with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall
not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other
agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other
Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement)
and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the
other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor
Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring
Agent shall be discharged from its duties and obligations under the Agreement.  After any retiring Agent’s resignation or removal
hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Agent.

 

    -97-

     

    

 

EXHIBIT C

 

Form of Warrant 

 

    -98-

     

    

 

AMENDED AND RESTATED

 

SECURITY AGREEMENT

 

This SECURITY AGREEMENT, dated
as of June 7, 2022 (this “Agreement”), is among Optimus Healthcare Services, Inc., a Florida corporation (the “Company”),
the Subsidiaries of the Company set forth on the signature pages hereto (such subsidiaries, the “Subsidiaries” and,
together with the Company, the “Debtors”) and the holders of the Notes (as defined herein) signatory hereto, their
endorsees, transferees and assigns (collectively, the “Secured Parties”).

 

W I T N E S S E T H:

 

WHEREAS, the Company has issued
to the Secured Parties the following promissory notes: (a) the Company’s Original Issue Discount Senior Secured Convertible Promissory
Notes issued on May 25, 2021, as amended and due on May 25, 2024, in the aggregate principal amount of $2,200,000.00 (the “May
2021 Notes”), and (b) the Company’s Original Issue Discount Senior Secured Convertible Promissory Notes issued as of the
date hereof and due on June 7, 2024, following their issuance, in the aggregate principal amount of $2,200,000 (the “May 2022
Notes” and, together with the May 2021 Notes, the “Notes”);

 

WHEREAS, pursuant to the Securities
Purchase Agreement dated as of May 25, 2021 (as amended, modified or supplemented from time to time in accordance with its terms, the
“May 2021 Purchase Agreement”), the Secured Parties have severally agreed to extend the loans to the Company evidenced
by the May 2021 Notes;

 

WHEREAS, pursuant to the Securities
Purchase Agreement dated as of the date hereof (as amended, modified or supplemented from time to time in accordance with its terms, the
“May 2022 Purchase Agreement” and together with the May 2021 Purchase Agreement, the “Purchase Agreements”
and each individually a “Purchase Agreement”), the Secured Parties have severally agreed to extend the loans to the
Company evidenced by the May 2022 Notes;

 

WHEREAS, in order to induce
the Secured Parties to extend the loans evidenced by the May 2021 Notes each Debtor agreed to execute and deliver to the Secured Parties
that certain Security Agreement dated as of May 25, 2021 (the “Existing Security Agreement”);

 

WHEREAS, in order to induce
the Secured Parties to extend the loans evidenced by the May 2021 Notes, the Secured Parties and each Debtor have agreed to amend and
restate the Existing Security Agreement and each Debtor has agreed to grant the Secured Parties, pari passu with
each other Secured Party and through the Agent (as defined in Section 18 hereof), a security interest in certain property
of such Debtor to secure the prompt payment, performance and discharge in full of all of the Company’s obligations under the Notes;
and

 

WHEREAS, each Debtor party
to the Existing Security Agreement wishes to affirm its obligations under the terms of the Existing Security Agreement and wishes to amend
and restate the terms of the Existing Security Agreement pursuant to the terms of this Agreement.

 

    -99-

     

    

 

1.   Certain
Definitions. As used in this Agreement, the following terms shall have the meanings set forth in this Section 1. Terms
used but not otherwise defined in this Agreement that are defined in Article 9 of the UCC (such as “account”, “chattel
paper”, “commercial tort claim”, “deposit account”, “document”, “equipment”, “fixtures”,
“general intangibles”, “goods”, “instruments”, “inventory”, “investment property”,
“letter-of-credit rights”, “proceeds” and “supporting obligations”) shall have the respective meanings
given such terms in Article 9 of the UCC. In addition to the terms defined elsewhere in this Agreement, capitalized terms not otherwise
defined herein shall have the meanings set forth in the Purchase Agreement.

 

(a)   “Collateral”
means the collateral in which the Secured Parties are granted a security interest by this Agreement and which shall comprise all the assets
of the Debtors, including, without limitation, the following personal property of the Debtors, whether presently owned or existing or
hereafter acquired or coming into existence, wherever situated, and all additions and accessions thereto and all substitutions and replacements
thereof, and all proceeds, products and accounts thereof, including, without limitation, all proceeds from the sale or transfer of the
Collateral and of insurance covering the same and of any tort claims in connection therewith, and all dividends, interest, cash, notes,
securities, equity interest or other property at any time and from time to time acquired, receivable or otherwise distributed in respect
of, or in exchange for, any or all of the Pledged Securities (as defined below):

 

(i)   All
goods, including, without limitation, (A) all machinery, equipment, computers, motor vehicles, trucks, tanks, boats, ships, appliances,
furniture, special and general tools, fixtures, test and quality control devices and other equipment of every kind and nature and wherever
situated, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements
therefor, all parts therefor, and all substitutes for any of the foregoing and all other items used and useful in connection with any
Debtor’s businesses and all improvements thereto; and (B) all inventory;

 

(ii)   All
contract rights and other general intangibles, including, without limitation, all partnership interests, membership interests, stock or
other securities, rights under any of the Organizational Documents, agreements related to the Pledged Securities, licenses, distribution
and other agreements, computer software (whether “off-the-shelf”, licensed from any third party or developed by any Debtor),
computer software development rights, leases, franchises, customer lists, quality control procedures, grants and rights, goodwill, Intellectual
Property and income tax refunds;

 

(iii)   All
accounts, together with all instruments, all documents of title representing any of the foregoing, all rights in any merchandising, goods,
equipment, motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect to
each account, including any right of stoppage in transit;

 

(iv)   All
documents, letter-of-credit rights, instruments and chattel paper;

 

(v)   All
commercial tort claims;

 

(vi)   All
deposit accounts and all cash (whether or not deposited in such deposit accounts);

 

    -100-

     

    

 

(vii)   All
investment property;

 

(viii)   All
supporting obligations;

 

(ix)   All
files, records, books of account, business papers, and computer programs; and

 

(x)   the
products and proceeds of all of the foregoing Collateral set forth in clauses (i)-(ix) above.

 

Without limiting the generality
of the foregoing, the “Collateral” shall include all investment property and general intangibles respecting ownership
and/or other equity interests in each Subsidiary, including, without limitation, the shares of capital stock and the other equity interests
listed on Schedule G hereto (as the same may be modified from time to time pursuant to the terms hereof), and any
other shares of capital stock and/or other equity interests of any other direct or indirect subsidiary of any Debtor obtained in the future,
and, in each case, all certificates representing such shares and/or equity interests and, in each case, all rights, options, warrants,
stock, other securities and/or equity interests that may hereafter be received, receivable or distributed in respect of, or exchanged
for, any of the foregoing and all rights arising under or in connection with the Pledged Securities, including, but not limited to, all
dividends, interest and cash.

 

Notwithstanding the foregoing,
nothing herein shall be deemed to constitute an assignment of any asset which, in the event of an assignment, becomes void by operation
of applicable law or the assignment of which is otherwise prohibited by applicable law (in each case to the extent that such applicable
law is not overridden by Sections 9-406, 9-407 and/or 9-408 of the UCC or other similar applicable
law); provided, however, that, to the extent permitted by applicable law, this Agreement shall create a valid
security interest in such asset and, to the extent permitted by applicable law, this Agreement shall create a valid security interest
in the proceeds of such asset.

 

(b)   “Intellectual
Property” means the collective reference to all rights, priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise, including, without limitation, (i) all copyrights arising under
the laws of the United States, any other country or any political subdivision thereof, whether registered or unregistered and whether
published or unpublished, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation,
all registrations, recordings and applications in the United States Copyright Office, (ii) all letters patent of the United States, any
other country or any political subdivision thereof, all reissues and extensions thereof, and all applications for letters patent of the
United States or any other country and all divisions, continuations and continuations-in-part thereof, (iii) all trademarks, trade names,
corporate names, company names, business names, fictitious business names, trade dress, service marks, logos, domain names and other source
or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings
thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office
or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all common
law rights related thereto, (iv) all trade secrets arising under the laws of the United States, any other country or any political subdivision
thereof, (v) all rights to obtain any reissues, renewals or extensions of the foregoing, (vi) all licenses for any of the foregoing, and
(vii) all causes of action for infringement of the foregoing.

 

    -101-

     

    

 

(c)   “Necessary
Endorsement” means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other
instruments or documents as the Agent (as that term is defined below) may reasonably request.

 

(d)   “Obligations”
means all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several) due or to become due, or
that are now or may be hereafter contracted or acquired, or owing to, of any Debtor to the Secured Parties of whatever nature, including,
without limitation, all of the liabilities and obligations under this Agreement, the Notes and any other instruments, agreements or other
documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter existing, voluntary or
involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether
or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations
or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or indirectly from any of
the Secured Parties as a preference, fraudulent transfer or otherwise as such obligations may be amended, supplemented, converted, extended
or modified from time to time. Without limiting the generality of the foregoing, the term “Obligations” shall include,
without limitation: (i) principal of, and interest on the Notes and the loans extended pursuant thereto; (ii) any and all other fees,
indemnities, costs, obligations and liabilities of the Debtors from time to time under or in connection with this Agreement, the Notes
and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith; and (iii) all
amounts (including but not limited to post-petition interest) in respect of the foregoing that would be payable but for the fact that
the obligations to pay such amounts are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar
proceeding involving any Debtor.

 

(f)   “Organizational
Documents” means, with respect to any Debtor, the documents by which such Debtor was organized (such as articles of incorporation,
certificate of incorporation, certificate of limited partnership or articles of organization, and including, without limitation, any certificates
of designation for preferred stock or other forms of preferred equity) and which relate to the internal governance of such Debtor (such
as bylaws, a partnership agreement or an operating, limited liability or members agreement).

 

(g)   “Pledged
Securities” shall have the meaning ascribed to such term in Section 4(g).

 

(h)   “Purchase
Agreement” shall have the meaning given to such term in the preamble.

 

2.   Reaffirmation
and Grant of Security Interest in Collateral. Each Debtor party to the Existing Security Agreement reaffirms the security interest
granted under the terms and conditions of this Security Agreement and agrees that such security interest remains in full force and effect
and is hereby ratified, reaffirmed and confirmed. Each Debtor to the Existing Security Agreement acknowledges and agrees with the Secured
Parties that the Existing Security Agreement is amended, restated, and superseded in its entirety pursuant to the terms hereof. Furthermore,
as an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment,
performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges,
grants and hypothecates to the Secured Parties a perfected, first priority security interest in and to, a lien upon and a right of set-off
against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security
Interest” and, collectively, the “Security Interests”).

 

    -102-

     

    

 

3.   Delivery
of Certain Collateral. Contemporaneously or prior to the execution of this Agreement, each Debtor shall deliver or cause
to be delivered to the Agent (a) any and all certificates and other instruments representing or evidencing the Pledged Securities (if
any), and (b) any and all certificates and other instruments or documents representing any of the other Collateral, in each case, together
with all Necessary Endorsements. The Debtors are, contemporaneously with the execution hereof, delivering to Agent, or have
previously delivered to Agent, a true and correct copy of each Organizational Document governing any of the Pledged Securities. Notwithstanding
anything contained herein, prior to any Event of Default, the Company shall have the right vote any Pledged Securities and receive dividends
therefrom.

 

4.   Representations,
Warranties, Covenants and Agreements of the Debtors. Except as set forth under the corresponding Section of the disclosure schedules
delivered to the Secured Parties concurrently herewith (the “Disclosure Schedules”), which Disclosure Schedules shall
be deemed a part hereof, each Debtor represents and warrants to, and covenants and agrees with, the Secured Parties as follows:

 

(a)   The
Debtors have no place of business or offices where their respective books of account and records are kept (other than temporarily at the
offices of its attorneys or accountants) or places where Collateral is stored or located, except as set forth on Schedule A attached
hereto. Except as specifically set forth on Schedule A, each Debtor is the record owner of the real property
where such Collateral is located, and there exist no mortgages or other liens on any such real property except for Permitted Liens as
set forth on Schedule A. Except as disclosed on Schedule A, none of such Collateral is in the
possession of any consignee, bailee, warehouseman, agent or processor.

 

(b)   Except
for Permitted Liens and as set forth on Schedule B attached hereto, the Debtors are the sole owners of the Collateral,
free and clear of any liens, security interests, encumbrances, rights or claims, and are fully authorized to grant the Security Interests. Except
as set forth on Schedule C attached hereto, there is not on file in any governmental or regulatory authority, agency
or recording office an effective financing statement, security agreement, license or transfer or any notice of any of the foregoing (other
than those that will be filed in favor of the Secured Parties pursuant to this Agreement) covering or affecting any of the Collateral.
Except as set forth on Schedule C attached hereto and except pursuant to this Agreement, as long as this Agreement
shall be in effect, the Debtors shall not execute and shall not knowingly permit to be on file in any such office or agency any other
financing statement or other document or instrument (except to the extent filed or recorded in favor of the Secured Parties pursuant to
the terms of this Agreement).

 

(c)   No
written claim has been received that any Collateral or any Debtor’s use of any Collateral violates the rights of any third party.
There has been no adverse decision to any Debtor’s claim of ownership rights in or exclusive rights to use the Collateral in any
jurisdiction or to any Debtor’s right to keep and maintain such Collateral in full force and effect, and there is no proceeding
involving said rights pending or, to the best knowledge of any Debtor, threatened before any court, judicial body, administrative or regulatory
agency, arbitrator or other governmental authority.

 

    -103-

     

    

 

(d)   Each
Debtor shall at all times maintain its books of account and records relating to the Collateral at its principal place of business and
its Collateral at the locations set forth on Schedule A attached hereto and may not relocate such books of account
and records or tangible Collateral unless it delivers to the Secured Parties at least thirty (30) days prior to such relocation (i) written
notice of such relocation and the new location thereof (which must be within the United States) and (ii) evidence that appropriate financing
statements under the UCC and other necessary documents have been filed and recorded and other steps have been taken to perfect the Security
Interests to create in favor of the Secured Parties a valid, perfected and continuing perfected first priority lien in the Collateral
(to the extent such Collateral can be perfected by the filing of a UCC financing statement).

 

(e)   This
Agreement creates in favor of the Secured Parties a valid first priority security interest in the Collateral, subject only to Permitted
Liens, securing the payment and performance of the Obligations. Upon making the filings described in the immediately following paragraph,
all security interests created hereunder in any Collateral which may be perfected by filing UCC financing statements shall have been duly
perfected. Except for (i) the recordation of the Intellectual Property Security Agreement (as defined in Section 4(dd) hereof)
with respect to copyrights and copyright applications referred to in paragraph (z) in the United States Copyright Office, (ii) the
recordation of the Intellectual Property Security Agreement (as defined in Section 4(dd) hereof) with respect to patents and trademarks
of the Debtors referred to in paragraph (bb) in the United States Patent and Trademark Office, and (iii) the delivery of the certificates
and other instruments provided in Section 3, no action is necessary to create, perfect or protect the security interests created
hereunder. Without limiting the generality of the foregoing, except for the foregoing, no consent of any third parties and no authorization,
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for (x) the execution,
delivery and performance of this Agreement, (y) the creation or perfection of the Security Interests created hereunder in the Collateral
(to the extent such Collateral can be perfected by the filing of a UCC financing statement) or (z) the enforcement of the rights
of the Agent and the Secured Parties hereunder.

 

(f)   Each
Debtor hereby authorizes the Agent to file one or more financing statements under the UCC, with respect to the Security Interests, with
the proper filing and recording agencies in any jurisdiction deemed proper by it.

 

(g)   The
capital stock and other equity interests listed on Schedule G hereto (including all uncertificated equity interests
consisting of capital stock of any corporation as well as partnership or limited liability company interests of any other entity) (the
“Pledged Securities”) represent all of the capital stock and other equity interests of the Debtors, and represent all
capital stock and other equity interests owned, directly or indirectly, by the Company. All of the Pledged Securities are validly
issued, fully paid and nonassessable, and the Company is the legal and beneficial owner of the Pledged Securities, free and clear of any
lien, security interest or other encumbrance except for the security interests created by this Agreement and other Permitted Liens.

 

    -104-

     

    

 

(h)   Except
for Permitted Liens, each Debtor shall at all times maintain the liens and Security Interests provided for hereunder as valid and perfected,
first priority liens and security interests in the Collateral in favor of the Secured Parties until this Agreement and the Security Interest
hereunder shall be terminated pursuant to Section 14 hereof. Each Debtor hereby agrees to defend the same against
the claims of any and all persons and entities. Each Debtor shall safeguard and protect all Collateral for the account of the Secured
Parties. At the request of the Agent, each Debtor will deliver to the Agent on behalf of the Secured Parties at any time or
from time to time one or more financing statements pursuant to the UCC in form reasonably satisfactory to the Agent and will pay the cost
of filing the same in all public offices wherever filing is, or is deemed by the Agent to be, necessary or desirable to effect the rights
and obligations provided for herein. Without limiting the generality of the foregoing, each Debtor shall pay all fees, taxes and other
amounts necessary to maintain the Collateral and the Security Interests hereunder, and each Debtor shall obtain and furnish to the Agent
from time to time, upon demand, such releases and/or subordinations of claims and liens which may be required to maintain the priority
of the Security Interests hereunder. In addition to the foregoing, each Debtor shall promptly execute and deliver to the Agent such further
deeds, mortgages, assignments, security agreements, financing statements or other instruments, documents, certificates and assurances
and take such further action as the Agent may from time to time request and may in its sole discretion deem necessary to perfect, protect
or enforce the Secured Parties’ security interest in the Collateral, including, without limitation, if applicable, the execution
and delivery of a separate security agreement with respect to each Debtor’s Intellectual Property (“Intellectual Property
Security Agreement”) in which the Secured Parties have been granted a security interest hereunder, substantially in a form reasonably
acceptable to the Agent, which Intellectual Property Security Agreement, other than as stated therein, shall be subject to all of the
terms and conditions hereof.

 

(i)   No
Debtor will transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral (except for Permitted
Liens or non-exclusive licenses granted by a Debtor in its ordinary course of business, sales of inventory by a Debtor in its ordinary
course of business and the replacement of worn-out or obsolete equipment by a Debtor in its ordinary course of business) without the prior
written consent of the Secured Party.

 

(j)   Each
Debtor shall keep and preserve its equipment, inventory and other tangible Collateral in good condition, repair and order (other than
ordinary use wear and tear) and shall not operate or locate any such Collateral (or cause to be operated or located) in any area excluded
from insurance coverage.

 

(k) Each Debtor shall
maintain with financially sound and reputable insurers, insurance with respect to the Collateral, including Collateral hereafter acquired,
against loss or damage of the kinds and in the amounts customarily insured against by entities of established reputation having similar
properties similarly situated and in such amounts as are customarily carried under similar circumstances by other such entities and otherwise
as is prudent for entities engaged in similar businesses
but in any event sufficient to cover the full replacement cost thereof. Each Debtor shall cause
each insurance policy issued in connection herewith to provide, and the insurer issuing such policy to certify to the Agent, that (a)
the Agent will be named as lender loss payee and additional insured under each such insurance policy; (b) if such insurance be proposed
to be cancelled or materially changed for any reason whatsoever, such insurer will promptly notify the Agent and such cancellation or
change shall not be effective as to the Agent for at least thirty (30) days after receipt by the Agent of such notice, unless the effect
of such change is to extend or increase coverage under the policy; and (c) the Agent will have the right (but no obligation) at its election
to remedy any default in the payment of premiums within thirty (30) days of notice from the insurer of such default. All loss payments
under any insurance policy shall be paid to the Agent If no Event of Default (as defined in the Notes) exists, then upon
approval by Agent, which approval shall not be unreasonably withheld, delayed, denied or conditioned, loss payments in excess of $250,000,
each instance may be applied by the applicable Debtor to the repair and/or replacement of property with respect to which the loss was
incurred to the extent reasonably feasible, and any loss payments or the balance thereof remaining, to the extent not so applied, shall
be paid to the Agent on behalf of the Secured Parties.

 

    -105-

     

    

 

(l)   Each
Debtor shall, within five (5) days of obtaining knowledge thereof, advise the Secured Parties, in sufficient detail, of any material adverse
change in the Collateral, and of the occurrence of any event that would have a material adverse effect on the value of the Collateral
or on the Secured Parties’ security interest, through the Agent, therein.

 

(m)   Upon
one (1) day’s prior notice (so long as no Event of Default has occurred or continuing, which in either such event, no prior notice
is required), each Debtor shall permit the Agent and its representatives and agents to inspect the Collateral during normal business hours
and to make copies of records pertaining to the Collateral as may be reasonably requested by the Agent from time to time.

 

(n)   Each
Debtor shall promptly notify the Secured Parties in sufficient detail upon becoming aware of any attachment, garnishment, execution or
other legal process levied against any material portion of the Collateral and of any other information received by such Debtor that may
materially affect the value of the Collateral, the Security Interest or the rights and remedies of the Secured Parties hereunder.

 

(o)   All
information heretofore, herein or hereafter supplied to the Secured Parties by or on behalf of any Debtor with respect to the Collateral
is accurate and complete in all material respects as of the date furnished.

 

(p)   The
Debtors shall at all times preserve and keep in full force and effect their respective valid existence and good standing and any rights
and franchises material to its business. No Debtor will change its name, change of location of any Collateral, type of organization, jurisdiction
of organization, organizational identification number (if it has one), legal or corporate structure, or identity, or add any new fictitious
name unless it provides at least thirty (30) days’ prior written notice to the Secured Parties of such change and, at the time of
such written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue the perfection
of the Security Interests granted and evidenced by this Agreement.

 

(q)   Except
in the ordinary course of business, no Debtor may consign any of its inventory or sell any of its inventory on bill-and-hold, sale-or-return,
sale-on-approval, or other conditional terms of sale without the consent of the Agent, which shall not be unreasonably withheld, delayed,
denied, or conditioned.

 

    -106-

     

    

 

(r)   No
Debtor may relocate its chief executive office to a new location without providing thirty (30) days’ prior written notification
thereof to the Secured Parties and so long as, at the time of such written notification, such Debtor provides any financing statements
or fixture filings necessary to perfect and continue the perfection of the Security Interests granted and evidenced by this Agreement.

 

(s)   Each
Debtor was organized and remains organized solely under the laws of the state set forth next to such Debtor’s name in Schedule D attached
hereto, which Schedule D sets forth each Debtor’s organizational identification number or, if any Debtor does
not have one, states that one does not exist.

 

(t)   (i)
The actual name of each Debtor is the name set forth in Schedule D attached hereto; (ii) no Debtor has any trade
names except as set forth on Schedule E attached hereto; (iii) no Debtor has used any name other than that
stated in the preamble hereto or as set forth on Schedule E for the preceding five (5) years; and (iv) no entity has
merged into any Debtor or been acquired by any Debtor within the past five years except as set forth on Schedule E.

 

(u)   Each
Debtor, in its capacity as issuer, hereby agrees to comply with any and all orders and instructions of Agent regarding the Pledged Securities
consistent with the terms of this Agreement without the further consent of any Debtor as contemplated by Section 8-106 (or any successor
section) of the UCC. Further, each Debtor agrees that it shall not enter into a similar agreement (or one that would confer
“control” within the meaning of Article 8 of the UCC) with any other person or entity.

 

(v)   Each
Debtor shall cause each subsidiary of such Debtor to immediately become a party hereto (an “Additional Debtor”), by
executing and delivering an Additional Debtor Joinder in substantially the form of Annex A attached hereto and comply
with the provisions hereof applicable to the Debtors. Concurrently therewith, the Additional Debtor shall deliver replacement
schedules for, or supplements to all other Disclosure Schedules to (or referred to in) this Agreement, as applicable, which replacement
schedules shall supersede, or supplements shall modify, the Disclosure Schedules then in effect. The Additional Debtor shall
also deliver such authorizing resolutions, good standing certificates, incumbency certificates, organizational documents, financing statements
and other information and documentation as the Agent may reasonably request. Upon delivery of the foregoing to the Agent, the
Additional Debtor shall be and become a party to this Agreement with the same rights and obligations as the Debtors, for all purposes
hereof as fully and to the same extent as if it were an original signatory hereto and shall be deemed to have made the representations,
warranties and covenants set forth herein as of the date of execution and delivery of such Additional Debtor Joinder, and all references
herein to the “Debtors” shall be deemed to include each Additional Debtor.

 

(w)   Each
Debtor shall vote the Pledged Securities to comply with the covenants and agreements set forth herein and in the Notes.

 

    -107-

     

    

 

(x)   Each
Debtor shall register the pledge of the applicable Pledged Securities on the books of such Debtor. Each Debtor shall notify
each issuer of Pledged Securities to register the pledge of the applicable Pledged Securities in the name of the Secured Parties on the
books of such issuer. Further, except with respect to certificated securities delivered to the Agent, the applicable Debtor
shall deliver to Agent an acknowledgement of pledge (which, where appropriate, shall comply with the requirements of the relevant UCC
with respect to perfection by registration) signed by the issuer of the applicable Pledged Securities, which acknowledgement shall confirm
that: (a) it has registered the pledge on its books and records; and (b) at any time directed by Agent during the continuation of an Event
of Default, such issuer will transfer the record ownership of such Pledged Securities into the name of any designee of Agent, will take
such steps as may be necessary to effect the transfer, and will comply with all other instructions of Agent regarding such Pledged Securities
without the further consent of the applicable Debtor.

 

(y)   In
the event that, upon an occurrence of an Event of Default, Agent shall sell all or any of the Pledged Securities to another party or parties
(herein called the “Transferee”) or shall purchase or retain all or any of the Pledged Securities, each Debtor shall,
to the extent applicable: (i) deliver to Agent or the Transferee, as the case may be, the articles of incorporation, bylaws, minute books,
stock certificate books, corporate seals, deeds, leases, indentures, agreements, evidences of indebtedness, books of account, financial
records and all other Organizational Documents and records of the Debtors and their direct and indirect subsidiaries (but not including
any items subject to the attorney-client privilege related to this Agreement or any of the transactions hereunder); (ii) use its best
efforts to obtain resignations of the persons then serving as officers and directors of the Debtors and their direct and indirect subsidiaries,
if so requested; and (iii) use its best efforts to obtain any approvals that are required by any governmental or regulatory body in order
to permit the sale of the Pledged Securities to the Transferee or the purchase or retention of the Pledged Securities by Agent and allow
the Transferee or Agent to continue the business of the Debtors and their direct and indirect subsidiaries.

 

(z)   Without
limiting the generality of the other obligations of the Debtors hereunder, each Debtor shall promptly (i) cause to be registered at the
United States Copyright Office all of its material copyrights, (ii) following an Event of Default, upon the written request of the Agent,
cause the security interest contemplated hereby with respect to all Intellectual Property registered at the United States Copyright Office
or United States Patent and Trademark Office to be duly recorded at the applicable office, and (iii) give the Agent notice whenever it
acquires (whether absolutely or by license) or creates any additional material Intellectual Property.

 

(aa) Each Debtor will
from time to time, at the joint and several expense of the Debtors, promptly execute and deliver all such further instruments and documents,
and take all such further action as may be necessary or desirable, or as the Agent may reasonably request, in order to perfect (to the
extent such security interest can be perfected by the filing of a UCC financing statement) and protect any security interest granted or
purported to be granted hereby or to enable the Secured Parties to exercise and enforce their rights and remedies hereunder and with respect
to any Collateral or to otherwise carry out the purposes of this Agreement.

 

(bb) Schedule F attached
hereto lists all of the patents, patent applications, trademarks, trademark applications, registered copyrights, and domain names owned
by any of the Debtors as of the date hereof. Schedule F lists all material licenses in favor of any Debtor
for the use of any patents, trademarks, copyrights and domain names as of the date hereof. All material patents and trademarks
of the Debtors have been duly recorded at the United States Patent and Trademark Office and all material copyrights of the Debtors have
been duly recorded at the United States Copyright Office.

 

    -108-

     

    

 

(cc) Each Debtor shall promptly
execute and deliver to the Agent such further deeds, mortgages, assignments, security agreements, financing statements or other instruments,
documents, certificates and assurances and take such further action as the Agent may from time to time request and may in its sole discretion
deem necessary to perfect, protect or enforce the Secured Parties’ security interest in the Collateral.

 

(dd) Each
Debtor will not transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral (except for non-exclusive
licenses granted by a Debtor in its ordinary course of business and sales of inventory by a Debtor in its ordinary course of business)
without the prior written consent of the Agent.

 

(ee).
Each Debtor, hereby, to the extent applicable, affirms each representation and warranty set forth in the Purchase Agreement.

 

5.   Effect
of Pledge on Certain Rights. If any of the Collateral subject to this Agreement consists of nonvoting equity or ownership interests
(regardless of class, designation, preference or rights) that may be converted into voting equity or ownership interests upon the occurrence
of certain events (including, without limitation, upon the transfer of all or any of the other stock or assets of the issuer), it is agreed
by Debtors that the pledge of such equity or ownership interests pursuant to this Agreement or the enforcement of any of Agent’s
rights hereunder shall not be deemed to be the type of event which would trigger such conversion rights notwithstanding any provisions
in the Organizational Documents or agreements to which any Debtor is subject or to which any Debtor is party.

 

6.   Defaults.
The following events shall be “Events of Default”:

 

(a)   The
occurrence of an Event of Default (as defined in the Notes) under the Notes;

 

(b)   Any
representation or warranty of any Debtor in this Agreement or any other Transaction Document shall prove to have been incorrect in any
material respect when made;

 

(c)   The
failure by any Debtor to observe or perform any of its obligations hereunder or thereunder for five (5) days after the earlier of (i)
delivery to such Debtor of notice of such failure by or on behalf of a Secured Party or (ii) the date the applicable Debtor knew of or
should have known of such failure to observe or perform the applicable obligation;

 

(d) The failure by any Debtor
to observe or perform any of its obligations under any material agreement with respect to which such Debtor is a party and such failure
has not been cured by the time the applicable grace period, if any, has lapsed; or

 

(e)   If
any material provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability
thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction
over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability
or obligation purported to be created under this Agreement.

 

    -109-

     

    

 

7.   Duty
to Hold in Trust.

 

(a)   Upon
the occurrence and during the continuance of any Event of Default, each Debtor shall upon receipt of any revenue, income, dividend, interest
or other sums subject to the Security Interests, whether payable pursuant to the Notes or otherwise, or of any check, draft, note, trade
acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust for the Secured Parties and shall
forthwith endorse and transfer any such sums or instruments, or both, to the Agent, pro-rata in proportion to their respective then-currently
outstanding principal amount of Notes for application to the satisfaction of the Obligations (and if any Notes is not outstanding, pro-rata
in proportion to the initial purchases of the remaining Notes).

 

(b)   If
any Debtor shall become entitled to receive or shall receive any material securities or other property (including, without limitation,
shares of Pledged Securities or instruments representing Pledged Securities acquired after the date hereof, or any options, warrants,
rights or other similar property or certificates representing a dividend, or any distribution in connection with any recapitalization,
reclassification or increase or reduction of capital, or issued in connection with any reorganization of such Debtor or any of its direct
or indirect subsidiaries) in respect of the Pledged Securities (whether as an addition to, in substitution of, or in exchange for, such
Pledged Securities or otherwise), such Debtor agrees to (i) accept the same as the agent of the Secured Parties; (ii) hold the same in
trust on behalf of and for the benefit of the Secured Parties; and (iii) to deliver any and all certificates or instruments evidencing
the same to Agent on or before the close of business on the fifth (5th) business day following the receipt thereof by such
Debtor, in the exact form received together with the Necessary Endorsements, to be held by Agent subject to the terms of this Agreement
as Collateral.

 

8.   Rights
and Remedies Upon Default.

 

(a)   Upon
the occurrence and during the continuance of any Event of Default, the Secured Parties, acting through the Agent, shall have the right
to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Parties shall have all the rights and remedies
of a secured party under the UCC. Without limitation, the Agent, for the benefit of the Secured Parties, shall have the following
rights and powers:

 

(i)   The
Agent shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance of any person,
any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and each Debtor shall assemble the Collateral
and make it available to the Agent at places which the Agent shall reasonably select, whether at such Debtor’s premises or elsewhere,
and make available to the Agent, without rent, all of such Debtor’s respective premises and facilities for the purpose of the Agent
taking possession of, removing or putting the Collateral in saleable or disposable form.

 

(ii)   The
Agent shall have all rights of each Debtor to exercise the voting and other consensual rights which it would otherwise be entitled to
exercise and all rights of each Debtor to receive the dividends and interest which it would otherwise be authorized to receive and retain,
shall cease. Upon such written notice, Agent shall have the right to receive, for the benefit of the Secured Parties, any interest,
cash dividends or other payments on the Collateral and, at the option of Agent, to exercise in such Agent’s discretion all voting
rights pertaining thereto. Without limiting the generality of the foregoing, Agent shall have the right (but not the obligation)
to exercise all rights with respect to the Collateral as it were the sole and absolute owner thereof, including, without limitation, to
vote and/or to exchange, at its sole discretion, any or all of the Collateral in connection with a merger, reorganization, consolidation,
recapitalization or other readjustment concerning or involving the Collateral or any Debtor or any of its direct or indirect subsidiaries.

 

    -110-

     

    

 

(iii)   The
Agent shall have the right to operate the business of each Debtor using the Collateral and shall have the right to assign, sell, lease
or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either with or without
special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times
and at such place or places, and upon such terms and conditions as the Agent may deem commercially reasonable, all without (except as
shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to any Debtor or right of redemption
of a Debtor, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, the
Agent, for the benefit of the Secured Parties, may, unless prohibited by applicable law which cannot be waived, purchase all or any part
of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of any Debtor, which are
hereby waived and released.

 

(iv)   The
Agent shall have the right (but not the obligation) to notify any account debtors and any obligors under instruments or accounts to make
payments directly to the Agent, on behalf of the Secured Parties, and to enforce the Debtors’ rights against such account debtors
and obligors.

 

(v)   The
Agent, for the benefit of the Secured Parties, may (but is not obligated to) direct any financial intermediary or any other person or
entity holding any investment property to transfer the same to the Agent, on behalf of the Secured Parties, or its designee.

 

(vi)   The
Agent may (but is not obligated to) transfer any or all Intellectual Property registered in the name of any Debtor at the United States
Patent and Trademark Office and/or Copyright Office into the name of the Secured Parties or any designee or any purchaser of any Collateral.

 

(b)   The
Agent shall comply with any mandatory provisions of applicable law in connection with a disposition of Collateral and such compliance
will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral. The Agent may sell
the Collateral without giving any warranties and may specifically disclaim such warranties. If the Agent sells any of the Collateral
on credit, the Debtors will only be credited with payments actually made by the purchaser. In addition, each Debtor waives
(except as shall be required by applicable statute and cannot be waived) any and all rights that it may have to a judicial hearing in
advance of the enforcement of any of the Agent’s rights and remedies hereunder, including, without limitation, its right following
an Event of Default to take immediate possession of the Collateral and to exercise its rights and remedies with respect thereto.

 

(c)   For
the purpose of enabling the Agent to further exercise rights and remedies under this Section 8 or elsewhere provided by agreement
or applicable law, each Debtor hereby grants to the Agent, for the benefit of the Agent and the Secured Parties, an irrevocable, nonexclusive
license (exercisable without payment of royalty or other compensation to such Debtor) to use, license or sublicense following an Event
of Default, any Intellectual Property now owned or hereafter acquired by such Debtor, and wherever the same may be located, and including
in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs
used for the compilation or printout thereof.

 

    -111-

     

    

 

9.   Applications
of Proceeds. Upon the occurrence and continuance of any Event of Defaut, the Collateral Agent shall apply the cash proceeds of any
action taken by it pursuant to this Agreement, after deducting all reasonable costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any Collateral or in any way relating to the Collateral or the rights of the Collateral
Agent and any other Secured Party hereunder, including reasonable attorneys’ fees and disbursements, to the payment in whole or
in part of the Obligations, as set forth in the Purchase Agreement, and only after such application and after the payment by the Collateral
Agent of any other amount required by any regulation, need the Collateral Agent account for the surplus, if any, to any Debtor. If, upon
the sale, license or other disposition of all of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the
Secured Parties are legally entitled, the Debtors will be liable for the deficiency, together with interest thereon, at the rate of 18%
per annum or the lesser amount permitted by applicable law (the “Default Rate”), and the reasonable fees of any attorneys
employed by the Secured Parties to collect such deficiency. To the extent permitted by applicable law, each Debtor waives all
claims, damages and demands against the Secured Parties arising out of the repossession, removal, retention or sale of the Collateral,
unless due solely to the gross negligence or willful misconduct of the Secured Parties as determined by a final judgment (not subject
to further appeal) of a court of competent jurisdiction.

 

10.   Securities
Law Provision. Each Debtor recognizes that Agent may be limited in its ability to effect a sale to the public of all or
part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state
securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted
group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with
a view to the distribution or resale thereof. Each Debtor agrees that sales so made may be at prices and on terms less favorable
than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for
the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Each Debtor
shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration
thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

 

11.   Costs
and Expenses. Each Debtor agrees to pay all reasonable out-of-pocket fees, costs and expenses incurred in connection with any filing
required hereunder, including without limitation, any financing statements pursuant to the UCC, continuation statements, partial releases
and/or termination statements related thereto or any expenses of any searches reasonably required by the Agent. The Debtors
shall also pay all other claims and charges which in the reasonable opinion of the Agent is reasonably likely to prejudice, imperil or
otherwise affect the Collateral or the Security Interests therein. The Debtors will also, upon demand, pay to the Agent the
amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which
the Agent, for the benefit of the Secured Parties, may incur in connection with the creation, perfection, protection, satisfaction, foreclosure,
collection or enforcement of the Security Interest and the preparation, administration, continuance, amendment or enforcement of this
Agreement and pay to the Agent the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel
and of any experts and agents, which the Agent, for the benefit of the Secured Parties, and the Secured Parties may incur in connection
with (i) the enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization
upon, any of the Collateral, or (iii) the exercise or enforcement of any of the rights of the Secured Parties under the Notes.

 

    -112-

     

    

 

12.   Responsibility
for Collateral. The Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations shall
in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability
for any reason. Without limiting the generality of the foregoing and except as required by applicable law, (a) neither the
Agent nor any Secured Party (i) has any duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral
or to preserve any rights relating to the Collateral, or (ii) has any obligation to clean-up or otherwise prepare the Collateral for sale,
and (b) each Debtor shall remain obligated and liable under each contract or agreement included in the Collateral to be observed or performed
by such Debtor thereunder. Neither the Agent nor any Secured Party shall have any obligation or liability under any such contract
or agreement by reason of or arising out of this Agreement or the receipt by the Agent or any Secured Party of any payment relating to
any of the Collateral, nor shall the Agent or any Secured Party be obligated in any manner to perform any of the obligations of any Debtor
under or pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by the Agent
or any Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or
agreement, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which
may have been assigned to the Agent or to which the Agent or any Secured Party may be entitled at any time or times.

 

13.   Security
Interests Absolute. All rights of the Secured Parties and all obligations of each Debtor hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes or any agreement entered into in connection with
the foregoing, or any portion hereof or thereof, against any other Debtor or Guarantor; (b) any change in the time, manner or place of
payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent
to any departure from the Notes or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection
of any of the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guarantee,
or any other security, for all or any of the Obligations; (d) any action by the Secured Parties to obtain, adjust, settle and cancel in
its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (e) any other circumstance which
might otherwise constitute any legal or equitable defense available to a Debtor, or a discharge of all or any part of the Security Interests
granted hereby. Until the Obligations shall have been paid and performed in full (other than contingent obligations for which
no claim has been made), the rights of the Secured Parties shall continue even if the Obligations are barred for any reason, including,
without limitation, the running of the statute of limitations. Each Debtor expressly waives presentment, protest, notice of
protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Collateral or any
payment received by the Secured Parties hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable
preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due
to any party other than the Secured Parties, then, in any such event, each Debtor’s obligations hereunder shall survive cancellation
of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall
remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. Each Debtor waives all
right to require the Secured Parties to proceed against any other person or entity or to apply any Collateral which the Secured Parties
may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor waives any defense arising by reason of the application
of the statute of limitations to any obligation secured hereby.

 

    -113-

     

    

 

14.   Term
of Agreement. This Agreement and the Security Interests shall terminate on the date on which all payments under the Notes have been
indefeasibly paid in full and all other Obligations (other than contingent obligations for which no claim has been made) have been paid
or discharged; provided, however, that all indemnities of the Debtors contained in this Agreement (including, without limitation,
Annex B hereto) shall survive and remain operative and in full force and effect regardless of the termination of this Agreement.

 

15.   Power
of Attorney; Further Assurances.

 

(a)   Each
Debtor authorizes the Agent, and does hereby make, constitute and appoint the Agent and its officers, agents, successors or assigns with
full power of substitution, as such Debtor’s true and lawful attorney-in-fact, with power, in the name of the Agent or such Debtor,
to, after the occurrence and during the continuance of an Event of Default, (i) endorse any note, checks, drafts, money orders or other
instruments of payment (including payments payable under or in respect of any policy of insurance) in respect of the Collateral that may
come into possession of the Agent; (ii) to sign and endorse any financing statement pursuant to the UCC or any invoice, freight or express
bill, bill of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with
accounts, and other documents relating to the Collateral; (iii) to pay or discharge taxes, liens, security interests or other encumbrances
at any time levied or placed on or threatened against the Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue
for monies due in respect of the Collateral; (v) to transfer any Intellectual Property or provide licenses respecting any Intellectual
Property; and (vi) generally, at the option of the Agent, and at the expense of the Debtors, at any time, or from time to time, to execute
and deliver any and all documents and instruments and to do all acts and things which the Agent deems necessary to protect, preserve and
realize upon the Collateral and the Security Interests granted therein in order to effect the intent of this Agreement and the Notes all
as fully and effectually as the Debtors might or could do; and each Debtor hereby ratifies all that said attorney shall lawfully do or
cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable for the term
of this Agreement and thereafter as long as any of the Obligations shall be outstanding. The designation set forth herein shall
be deemed to amend and supersede any inconsistent provision in the Organizational Documents or other documents or agreements to which
any Debtor is subject or to which any Debtor is a party. Without limiting the generality of the foregoing, after the occurrence
and during the continuance of an Event of Default, each Secured Party is specifically authorized to execute and file any applications
for or instruments of transfer and assignment of any patents, trademarks, copyrights or other Intellectual Property with the United States
Patent and Trademark Office and the United States Copyright Office.

 

    -114-

     

    

 

(b)   Each
Debtor hereby irrevocably appoints the Agent as such Debtor’s attorney-in-fact, with full authority in the place and instead of
such Debtor and in the name of such Debtor, from time to time in the Agent’s discretion, to take any action and to execute any instrument
which the Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including the filing, in its sole discretion,
of one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of
such Debtor where permitted by law, which financing statements may (but need not) describe the Collateral as “all assets”
or “all personal property” or words of like import, and ratifies all such actions taken by the Agent. This power
of attorney is coupled with an interest and shall be irrevocable for the term of this Agreement and thereafter as long as any of the Obligations
shall be outstanding.

 

(c)   Each
Debtor upon request of the Agent, shall provide Agent such further documents, such as one or more landlord waiver, and such further information,
and take such further action as Agent may reasonably request. .

 

16.   Notices.
All notices, requests, demands and other communications hereunder shall be subject to the notice provision of the Purchase Agreement.

 

17.   Other
Security. To the extent that the Obligations are now or hereafter secured by property other than the Collateral or by the guarantee,
endorsement or property of any other person, firm, corporation or other entity, then the Agent shall have the right, in its sole discretion,
to pursue, relinquish, subordinate, modify or take any other action with respect thereto, without in any way modifying or affecting any
of the Secured Parties’ rights and remedies hereunder.

 

18.   Appointment
of Agent. If and as applicable, the Secured Parties hereby appoint Arena Investors LP to act as their agent (“Agent”)
for purposes of exercising any and all rights and remedies of the Secured Parties hereunder. Such appointment shall continue until revoked
in writing by the Secured Parties, at which time the Secured Parties shall appoint a new Agent. The Agent shall have the rights, responsibilities
and immunities set forth in Annex B hereto.

 

19.   Miscellaneous.

 

(a)   No
course of dealing between the Debtors and the Secured Parties, nor any failure to exercise, nor any delay in exercising, on the part of
the Secured Parties, any right, power or privilege hereunder or under the Notes shall operate as a waiver thereof; nor shall any single
or partial exercise of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise
of any other right, power or privilege.

 

(b)   All
of the rights and remedies of the Secured Parties with respect to the Collateral, whether established hereby or by the Notes or by any
other agreements, instruments or documents or by law shall be cumulative and may be exercised singly or concurrently.

 

(c)   This
Agreement, together with the exhibits and schedules hereto, contains the entire understanding of the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties
acknowledge have been merged into this Agreement and the exhibits and schedules hereto. No provision of this Agreement may be waived,
modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Debtors and the Secured Party,
or, in the case of a waiver, by the party against whom enforcement of any such waived provision is sought.

 

    -115-

     

    

 

(d)   If
any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect
and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find
and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant
or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(e)   No
waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver
in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any
delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.

 

(f)   This
Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company
and the Subsidiaries may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Agent
(other than by merger). Any Secured Party may assign any or all of its rights under this Agreement to any Person (as defined
in the Purchase Agreement) to whom such Secured Party assigns or transfers any Obligations, provided such transferee agrees in writing
to be bound, with respect to the transferred Obligations, by the provisions of this Agreement that apply to the “Secured Parties.”

 

(g)   Each
party shall take such further action and execute and deliver such further documents as may be necessary or appropriate in order to carry
out the provisions and purposes of this Agreement.

 

(h)   Except
to the extent mandatorily governed by the jurisdiction or situs where the Collateral is located, all questions concerning the construction,
validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal
laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Except to the extent mandatorily
governed by the jurisdiction or situs where the Collateral is located, each Debtor agrees that all proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement and the Notes (whether brought against a party hereto or its
respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the
state and federal courts sitting in Clark County, Nevada. Except to the extent mandatorily governed by the jurisdiction or
situs where the Collateral is located, each Debtor hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts
sitting in Clark County, Nevada for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such proceeding is improper.  Each party hereto hereby irrevocably waives,
to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating
to this Agreement or the transactions contemplated hereby.

 

    -116-

     

    

 

(i)   This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and, all of
which taken together shall constitute one and the same Agreement. In the event that any signature is delivered by facsimile transmission,
such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same
with the same force and effect as if such facsimile signature were the original thereof.

 

(j)   All
Debtors shall jointly and severally be liable for the obligations of each Debtor to the Secured Parties hereunder.

 

(k)   Each
Debtor agrees to indemnify, pay and hold harmless the Agent and the Secured Parties and their respective assignees and affiliates and
their respective officers, directors, managers, managing members, members, partners, employees, agents, brokers, advisers, consultants,
auditors, and attorneys of any of them (collectively, “Indemnitees”) from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (including
the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative or judicial
proceeding commenced or threatened, whether or not such Purchaser Indemnitee shall be designated a party thereto) imposed on, incurred
by or asserted against such Indemnitee in any way related to or arising from or alleged to arise from this Agreement or the Collateral,
except any such losses, claims, liabilities, damages, penalties, suits, costs and expenses which result from the gross negligence or willful
misconduct of the Indemnitee as determined by a final, nonappealable decision of a court of competent jurisdiction; provided that the
Debtors shall not be obligated to indemnify the Indemnitees, or have any liability, in excess of the aggregate Purchase Price (as defined
in the Purchase Agreement). This indemnification provision is in addition to, and not in limitation of, any other indemnification
provision in the Notes, the Purchase Agreement or any other agreement, instrument or other document executed or delivered in connection
herewith or therewith.

 

(l)   Nothing
in this Agreement shall be construed to subject Agent or any Secured Party to liability as a partner in any Debtor or any if its direct
or indirect subsidiaries that is a partnership or as a member in any Debtor or any of its direct or indirect subsidiaries that is a limited
liability company, nor shall Agent or any Secured Party be deemed to have assumed any obligations under any partnership agreement or limited
liability company agreement, as applicable, of any such Debtor or any of its direct or indirect subsidiaries or otherwise, unless and
until any such Secured Party exercises its right to be substituted for such Debtor as a partner or member, as applicable, pursuant hereto.

 

(m)   To
the extent that the grant of the security interest in the Collateral and the enforcement of the terms hereof require the consent, approval
or action of any partner or member, as applicable, of any Debtor or any direct or indirect subsidiary of any Debtor or compliance with
any provisions of any of the Organizational Documents, the Debtors hereby represent that all such consents and approvals have been obtained

 

(n)   Each
Secured Party and the Agent shall have the right of set-off.

 

[SIGNATURE PAGE OF DEBTORS FOLLOWS]

 

    -117-

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Amended and Restated Security Agreement to be duly executed on the day and year first above written.

 

OPTIMUS HEALTHCARE SERVICES, INC.

 

	By:	 	 
	 	Name: 	 Marc Wiener	 
	 	Title:	Chief Executive Officer	 

 

[SIGNATURE PAGE OF HOLDERS FOLLOWS]

 

    -118-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Fund, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -119-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Partners I, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -120-

     

    

 

[SIGNATURE PAGE OF HOLDERS TO SECURITY AGREEMENT]

 

Name of Investing Entity: Arena Special Opportunities
Partners II, LP

 

Signature of Authorized Signatory of Investing
entity: _________________________

 

Name of Authorized Signatory: Lawrence Cutler

 

Title of Authorized Signatory: Authorized Signatory

 

    -121-

     

    

 

ANNEX A

 

to

 

SECURITY AGREEMENT

 

FORM OF ADDITIONAL DEBTOR JOINDER

 

Security Agreement dated as of June 7, 2022 made
by Optimus Healthcare Services, Inc., a Florida corporation (which was formerly known as Between Dandelions, Inc.) and its subsidiaries
party thereto from time to time, as Debtors to and in favor of the Secured Parties identified therein (the “Security Agreement”).

 

Reference is made to the Security
Agreement as defined above; capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms
in, or by reference in, the Security Agreement.

 

The undersigned hereby agrees
that, upon delivery of this Additional Debtor Joinder to the Secured Parties referred to above, the undersigned shall (a) be an Additional
Debtor under the Security Agreement, (b) have all the rights and obligations of the Debtors under the Security Agreement as fully and
to the same extent as if the undersigned was an original signatory thereto and (c) be deemed to have made the representations and warranties
set forth therein as of the date of execution and delivery of this Additional Debtor Joinder. WITHOUT LIMITING THE GENERALITY
OF THE FOREGOING, THE UNDERSIGNED SPECIFICALLY GRANTS TO THE SECURED PARTIES A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH
IN THE SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL PROVISIONS SET FORTH THEREIN.

 

Attached hereto are supplemental
and/or replacement Disclosure Schedules to the Security Agreement, as applicable.

 

An executed copy of this Joinder
shall be delivered to the Secured Parties, and the Secured Parties may rely on the matters set forth herein on or after the date hereof. This
Joinder shall not be modified, amended or terminated without the prior written consent of the Secured Parties.

 

IN WITNESS WHEREOF, the undersigned
has caused this Joinder to be executed in the name and on behalf of the undersigned.

 

[Name of Additional Debtor]

 

	By:		 
	 	Name:	 	 
	 	Title:	 	 
	 	Address:	 	 
	Dated:	 

 

    -122-

     

    

 

ANNEX B

to

 

SECURITY AGREEMENT

 

THE AGENT

 

1.   Appointment.
 The Secured Parties (all capitalized terms used herein and not otherwise defined shall have the respective meanings provided
in the Security Agreement to which this Annex B is attached (the “Agreement”)), by their acceptance of the benefits
of the Agreement, hereby designate Arena Investors LP (“Agent”) as the Agent to act as specified herein and in the
Agreement. Each Secured Party shall be deemed irrevocably to authorize the Agent to take such action on its behalf under the
provisions of the Agreement and any other Transaction Document (as such term is defined in the Purchase Agreement) and to exercise such
powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Agent by the terms hereof
and thereof and such other powers as are reasonably incidental thereto. The Agent may perform any of its duties hereunder by
or through its agents or employees.

 

2.   Nature
of Duties. The Agent shall have no duties or responsibilities except those expressly set forth in the Agreement. Neither
the Agent nor any of its partners, members, shareholders, officers, directors, employees or agents shall be liable for any action taken
or omitted by it as such under the Agreement or hereunder or in connection herewith or therewith, be responsible for the consequence of
any oversight or error of judgment or answerable for any loss, unless caused solely by its or their gross negligence or willful misconduct
as determined by a final judgment (not subject to further appeal) of a court of competent jurisdiction. The duties of the Agent
shall be mechanical and administrative in nature; the Agent shall not have by reason of the Agreement or any other Transaction Document
a fiduciary relationship in respect of any Debtor or any Secured Party; and nothing in the Agreement or any other Transaction Document
(as defined in the Purchase Agreement), expressed or implied, is intended to or shall be so construed as to impose upon the Agent any
obligations in respect of the Agreement or any other Transaction Document except as expressly set forth herein and therein.

 

3.   Lack
of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems
appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company
and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations,
the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii)
its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and
the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit,
market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time
or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information,
representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution,
effectiveness, genuineness, validity, enforceability, perfection, collectability, priority or sufficiency of the Agreement or any other
Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any
inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction
Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of
any default or Event of Default under the Agreement, the Notes or any of the other Transaction Documents.

 

    -123-

     

    

 

4.   Certain
Rights of the Agent. The Agent shall have the right to take any action with respect to the Collateral, on behalf of all
of the Secured Parties. To the extent practical, the Agent shall request instructions from the Secured Parties with respect
to any material act or action (including failure to act) in connection with the Agreement or any other Transaction Document, and shall
be entitled to act or refrain from acting in accordance with the instructions of the Secured Party; if such instructions are not provided
despite the Agent’s request therefor, the Agent shall be entitled to refrain from such act or taking such action, and if such action
is taken, shall be entitled to appropriate indemnification from the Secured Parties in respect of actions to be taken by the Agent; and
the Agent shall not incur liability to any person or entity by reason of so refraining. Without limiting the foregoing, (a)
no Secured Party shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting
hereunder in accordance with the terms of the Agreement or any other Transaction Document, and the Debtors shall have no right to question
or challenge the authority of, or the instructions given to, the Agent pursuant to the foregoing and (b) the Agent shall not be required
to take any action that the Agent believes (i) could reasonably be expected to expose it to personal liability or (ii) is contrary to
this Agreement, the Transaction Documents or applicable law.

 

5.   Reliance. The
Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, statement, certificate,
telex, teletype or facsimile message, cablegram, radiogram, order or other document or telephone message signed, sent or made by the proper
person or entity, and, with respect to all legal matters pertaining to the Agreement and the other Transaction Documents and its duties
thereunder, upon advice of counsel selected by it and upon all other matters pertaining to this Agreement and the other Transaction Documents
and its duties thereunder, upon advice of other experts selected by it. Anything to the contrary notwithstanding, the Agent
shall have no obligation whatsoever to any Secured Party to assure that the Collateral exists or is owned by the Debtors or is cared for,
protected or insured or that the liens granted pursuant to the Agreement have been properly or sufficiently or lawfully created, perfected,
or enforced or are entitled to any particular priority.

 

6.   Indemnification. To
the extent that the Agent is not reimbursed and indemnified by the Debtors, the Secured Parties will jointly and severally reimburse and
indemnify the Agent, in proportion to their initially purchased respective principal amounts of Notes, from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever
which may be imposed on, incurred by or asserted against the Agent in performing its duties hereunder or under the Agreement or any other
Transaction Document, or in any way relating to or arising out of the Agreement or any other Transaction Document except for those determined
by a final judgment (not subject to further appeal) of a court of competent jurisdiction to have resulted solely from the Agent’s
own gross negligence or willful misconduct. Prior to taking any action hereunder as Agent, the Agent may require each Secured
Party to deposit with it sufficient sums as it determines in good faith is necessary to protect the Agent for costs and expenses associated
with taking such action.

 

7.   Resignation
by the Agent.

 

(a)   The
Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time
by giving 30 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation
shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

 

(b)   Upon
any such notice of resignation, the Secured Parties shall appoint a successor Agent hereunder.

 

(c)   If
a successor Agent shall not have been so appointed within said thirty (30)-day period, the Agent shall then appoint a successor Agent
who shall serve as Agent until such time, if any, as the Secured Parties appoint a successor Agent as provided above. If a
successor Agent has not been appointed within such thirty (30)-day period, the Agent may petition any court of competent jurisdiction
or may interplead the Debtors and the Secured Parties in a proceeding for the appointment of a successor Agent, and all fees, including,
but not limited to, extraordinary fees associated with the filing of interpleader and expenses associated therewith, shall be payable
by the Debtors on demand.

 

8.   Rights
with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall
not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other
agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other
Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement)
and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the
other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor
Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring
Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal
hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Agent.

 

    -124-

     

    

 

EXHIBIT
D

 

Form
of Registration Rights Agreement

 

    -125-

     

    

 

5.21 REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”) is made and entered into as of June 7, 2022, between Optimus Healthcare
Services, Inc., a Florida corporation (which was formerly known as Between Dandelions, Inc.) (the “Company”), and
the purchaser signatory hereto (the “Purchaser”).

 

This
Agreement is made pursuant to the Securities Purchase Agreement, dated as of the date hereof, between the Company and the Purchaser (the
“Purchase Agreement”). The Company had previously entered into a Registration Rights dated as of May 25, 2021 (the
“2021 Registration Rights agreement”) with Purchaser. In connection therewith, the Company had filed a Registration
Statement on Form S-1 (Registration No. 333-261849) (the “Current Registration Statement”) with the Commission to
register certain securities that had been issued to Purchaser under that certain Securities Purchase Agreement, dated as of May 25, 2021.

 

The
Company and the Purchaser hereby agrees as follows:

 

1.
 Definitions.

 

Capitalized
terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the
Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
shall have the meaning set forth in Section 6(d).

 

“Effectiveness
Period” shall have the meaning set forth in Section 2(a).

 

“Event”
shall have the meaning set forth in Section 2(d).

 

“Event
Date” shall have the meaning set forth in Section 2(d).

 

    -126-

     

    

 

“Filing
Date” means, (a) with respect to the Initial Registration Statement required hereunder, the 180th calendar day following
the date hereof, and (b) with respect to any additional Registration Statements which may be required pursuant to Section 2(c) or Section
3(c), the earliest practical date on which the Company is permitted by SEC Guidance to file such additional Registration Statement related
to the Registrable Securities. To free from doubt, the Company may fulfill its filing obligation with respect to the Initial Registration
Statement hereunder by amending the Current Registration Statement to add all of the Registrable Securities subject to this Agreement,
so long as such amendment does not violate any rules or regulations of the Commission.

 

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities. The initial
Holder is the Purchaser.

 

“Indemnified
Party” shall have the meaning set forth in Section 5(c).

 

“Indemnifying
Party” shall have the meaning set forth in Section 5(c).

 

“Initial
Registration Statement” means the initial Registration Statement filed pursuant to this Agreement.

 

“Losses”
shall have the meaning set forth in Section 5(a).

 

“Plan
of Distribution” shall have the meaning set forth in Section 2(a).

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated by the
Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the
offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to
the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference
in such Prospectus.

 

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“Registrable
Securities” means, as of any date of determination, (a) all Conversion Shares issuable upon conversion of the Note (assuming
on such date the Note is converted in full without regard to any conversion limitations therein), (b) the Commitment Shares, (c) the
Warrant Shares issuable upon exercise of the Warrant, (d) any additional shares of Common Stock
issuable in connection with any anti-dilution provisions in the Note and/or the Warrant (without giving effect to any limitations on
conversion set forth in the Note and/or Warrant, as applicable) and (e) any securities issued or then issuable upon any stock
split, dividend or other distribution, recapitalization or similar event with respect to the foregoing; provided, however, that
any such Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the effectiveness
of any, or file another, Registration Statement hereunder with respect thereto) for so long as (i) a Registration Statement with respect
to the sale of such Registrable Securities is declared effective by the Commission under the Securities Act and such Registrable Securities
have been disposed of by the Holder in accordance with such effective Registration Statement, (ii) such Registrable Securities have been
previously sold in accordance with Rule 144, or (iii) such securities become eligible for resale without volume or manner-of-sale restrictions
and without current public information pursuant to Rule 144, and the conditions of Rule 144(i)(2) have been met, as set forth in a written
opinion letter to such effect, addressed, delivered and acceptable to the Transfer Agent and the affected Holders (assuming that such
securities and any securities issuable upon exercise, conversion or exchange of which, or as a dividend upon which, such securities were
issued or are issuable, were at no time held by any Affiliate of the Company, as reasonably determined by the Company, upon the advice
of counsel to the Company.

 

“Registration
Statement” means any registration statement required to be filed hereunder pursuant to Section 2(a) and any additional registration
statements contemplated by Section 2(c) or Section 3(c), including (in each case) the Prospectus, amendments and supplements to any such
registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated
by reference or deemed to be incorporated by reference in any such registration statement.

 

“Rule
415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

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“Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Selling
Stockholder Questionnaire” shall have the meaning set forth in Section 3(a).

 

“SEC
Guidance” means (i) any publicly-available written or oral guidance of the Commission staff, or any comments, requirements
or requests of the Commission staff and (ii) the Securities Act.

 

2.
 Shelf Registration.

 

(a) On
or prior to each Filing Date, the Company shall prepare and file with the Commission a Registration Statement covering the resale of
all of the Registrable Securities that are not then registered on an effective Registration Statement for an offering to be made on a
continuous basis pursuant to Rule 415. Each Registration Statement filed hereunder shall be on Form S-1 or such other form available
to register for resale the Registrable Securities as a secondary offering and shall contain (unless otherwise directed by at least 85%
in interest of the Holders) substantially the “Plan of Distribution” attached hereto as Annex A and substantially
the “Selling Stockholder” section attached hereto as Annex B; provided, however, that no Holder
shall be required to be named as an “underwriter” without such Holder’s express prior written consent. Subject to the
terms of this Agreement, the Company shall use its best efforts to cause a Registration Statement filed under this Agreement (including,
without limitation, under Section 3(c)) to be declared effective under the Securities Act as promptly as possible after the filing thereof
and shall use its best efforts to keep such Registration Statement continuously effective under the Securities Act until the date that
all Registrable Securities covered by such Registration Statement (i) have been sold, thereunder or pursuant to Rule 144, or (ii) may
be sold without volume or manner-of-sale restrictions pursuant to Rule 144 and without the requirement for the Company to be in compliance
with the current public information requirement under Rule 144 (assuming that such securities and any securities issuable upon exercise,
conversion or exchange of which, or as a dividend upon which, such securities were issued or are issuable, were at no time held by any
Affiliate of the Company), and the conditions of Rule 144(i)(2) have been met, as determined by the counsel to the Company pursuant to
a written opinion letter to such effect, addressed and acceptable to the Transfer Agent and the affected Holders (the “Effectiveness
Period”). The Company shall telephonically request effectiveness of a Registration Statement as of 5:00 p.m. Eastern Time on
a Trading Day. The Company shall immediately notify the Holders via facsimile or by e-mail of the effectiveness of a Registration Statement
by the next Trading Day that the Company telephonically confirms effectiveness with the Commission, which shall be the date requested
for effectiveness of such Registration Statement. The Company shall, by 9:30 a.m. Eastern Time on the Trading Day after the effective
date of such Registration Statement, file a final Prospectus with the Commission as required by Rule 424. Failure to so notify the Holder
within one (1) Trading Days of such notification of effectiveness or failure to file a final Prospectus as foresaid shall be deemed an
Event under Section 2(d).

 

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(b) 
Notwithstanding the registration obligations set forth in Section 2(a), if the Commission informs the Company that all of the Registrable
Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on a single registration
statement, the Company agrees to promptly inform each of the Holders thereof and use its reasonable best efforts to file amendments to
the Initial Registration Statement as required by the Commission, covering the maximum number of Registrable Securities permitted to
be registered by the Commission, on Form S-1 or such other form available to register for resale the Registrable Securities as a secondary
offering, subject to the provisions of Section 2(d) with respect to the payment of liquidated damages; provided, however,
that prior to filing such amendment, the Company shall be obligated to use diligent efforts to advocate with the Commission for the registration
of all of the Registrable Securities in accordance with the SEC Guidance, including without limitation, Compliance and Disclosure Interpretation
612.09.

 

(c) Notwithstanding
any other provision of this Agreement and subject to the payment of liquidated damages pursuant to Section 2(d), if the Commission or
any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration
Statement as a secondary offering (and notwithstanding that the Company used diligent efforts to advocate with the Commission for the
registration of all or a greater portion of Registrable Securities), unless otherwise directed in writing by a Holder as to its Registrable
Securities, the number of Registrable Securities to be registered on such Registration Statement will be reduced as follows:

 

		a.	First,
                                            the Company shall reduce or eliminate any securities to be included other than Registrable
                                            Securities;

 

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		b.	Second, the
                                            Company shall reduce Registrable Securities represented by Conversion Shares;

 

		c.	Third,
                                            the Company shall reduce Registrable Securities represented by Warrant Shares; and

 

		d.	Fourth,
                                            the
                                            Company shall reduce Registrable Securities represented
                                            by Commitment Shares.

 

In
the event of a cutback hereunder, the Company shall give the Holder at least five (5) Trading Days prior written notice along with the
calculations as to such Holder’s allotment. In the event the Company amends the Initial Registration Statement in accordance with
the foregoing, the Company will use its best efforts to file with the Commission, as promptly as allowed by Commission or SEC Guidance
provided to the Company or to registrants of securities in general, one or more registration statements on Form S-1 or such other form
available to register for resale those Registrable Securities that were not registered for resale on the Initial Registration Statement,
as amended.

 

(d) If:
(i) the Initial Registration Statement is not filed on or prior to its Filing Date (if the Company files the Initial Registration Statement
without affording the Holders the opportunity to review and comment on the same as required by Section 3(a) herein, the Company shall
be deemed to have not satisfied this clause (i)), or (ii) the Company fails to file with the Commission a request for acceleration of
a Registration Statement in accordance with Rule 461 promulgated by the Commission pursuant to the Securities Act, within five Trading
Days of the date that the Company is notified (orally or in writing, whichever is earlier) by the Commission that such Registration Statement
will not be “reviewed” or will not be subject to further review, or (iii) after the effective date of a Registration Statement
and during the Effectiveness Period, such Registration Statement ceases for any reason to remain continuously effective as to all Registrable
Securities included in such Registration Statement, or the Holders are otherwise not permitted to utilize the Prospectus therein to resell
such Registrable Securities, for more than ten (10) consecutive calendar days or more than an aggregate of fifteen (15) calendar days
(which need not be consecutive calendar days) during any 12-month period or (iv) the Company shall fail for any reason to satisfy the
current public information requirement under Rule 144 or the requirements of Rule 144(i)(2) as to the applicable Registrable Securities
(any such failure or breach being referred to as an “Event”, and for purposes of clauses (i) and (iv), the date on
which such Event occurs, and for purpose of clause (ii) the date on which such five (5) Trading Day period is exceeded, and for purpose
of clause (v) the date on which such ten (10) or fifteen (15) calendar day period, as applicable, is exceeded being referred to as “Event
Date”), then, in addition to any other rights the Holders may have hereunder or under applicable law, on each such Event Date
(other than with respect to an Event described in clause (iv)) and on each monthly anniversary of each such Event Date (if the applicable
Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay to each Holder an amount in
cash, as partial liquidated damages and not as a penalty, their pro rata portion of $20,000, on the Event Date and on every thirtieth
(30th) day (pro rated for periods totaling less than thirty days) thereafter. With respect to an Event described in clause
(iv), if all the Registrable Securities covered by the May 2021 Registration Rights Agreement and this Agreement are not subject to one
or more registration statements declared effective by the Commission within 180 days of the date hereof, the following partial liquidated
damages shall apply: (i) if none of the Registrable Securities are so registered, $40,000 per month; and (ii) if only the Registrable
Securities covered by the May 2021 Registration Rights Agreement are subject to a registration statement declared effective by the Commission
within the applicable time period, $20,000 per month, in each case until cured. The foregoing liquidated damages shall not apply if the
Registrable Securities may be sold without volume or manner-of-sale restrictions pursuant to Rule 144 at the time the Event occurs, provided
that the Company shall also be in compliance with the requirements of Rule 144(i)(2) and the current public information requirement under
Rule 144 to the extent required. If the Company fails to pay any partial liquidated damages pursuant to this Section in full within seven
days after the date payable, the Company will pay interest thereon at a rate of 18% per annum (or such lesser maximum amount that is
permitted to be paid by applicable law) to the Holder, accruing daily from the date such partial liquidated damages are due until such
amounts, plus all such interest thereon, are paid in full. The partial liquidated damages pursuant to the terms hereof shall apply on
a daily pro rata basis for any portion of a month prior to the cure of an Event.

 

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(e) [reserved]

 

(f) Notwithstanding
anything to the contrary contained herein, in no event shall the Company be permitted to name any Holder or affiliate of a Holder as
any Underwriter without the prior written consent of such Holder.

 

3.
 Registration Procedures.

 

In
connection with the Company’s registration obligations hereunder, the Company shall:

 

(a) Not
less than five (5) Trading Days prior to the filing of each Registration Statement and not less than one (1) Trading Day prior to the
filing of any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated or deemed
to be incorporated therein by reference), the Company shall (i) furnish to each Holder copies of all such documents proposed to be filed,
which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders,
and (ii) cause its officers and directors, counsel and independent registered public accountants to respond to such inquiries as shall
be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct a reasonable investigation within the meaning
of the Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto
to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that, the Company is
notified of such objection in writing no later than five (5) Trading Days after the Holders have been so furnished copies of a Registration
Statement or one (1) Trading Day after the Holders have been so furnished copies of any related Prospectus or amendments or supplements
thereto. Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex B
(a “Selling Stockholder Questionnaire”) on a date that is not less than two (2) Trading Days prior to the Filing
Date or by the end of the fourth (4th) Trading Day following the date on which such Holder receives draft materials in accordance
with this Section.

 

(b) (i)
Prepare and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and the Prospectus
used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the applicable Registrable
Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to
register for resale under the Securities Act all of the Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented
by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant
to Rule 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration
Statement or any amendment thereto and provide as promptly as reasonably possible to the Holders true and complete copies of all correspondence
from and to the Commission relating to a Registration Statement (provided that, the Company shall excise any information contained therein
which would constitute material non-public information regarding the Company or any of its Subsidiaries), and (iv) comply in all material
respects with the applicable provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable
Securities covered by a Registration Statement during the applicable period in accordance (subject to the terms of this Agreement) with
the intended methods of disposition by the Holders thereof set forth in such Registration Statement as so amended or in such Prospectus
as so supplemented.

 

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(c) If
during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock
constituting Registrable Securities then registered in a Registration Statement, then the Company shall file, as soon as reasonably practicable,
but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less
than the number of such Registrable Securities.

 

(d) Notify
the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by
an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as reasonably possible (and,
in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such
notice in writing no later than one (1) Trading Day following the day (i)(A) when a Prospectus or any Prospectus supplement or post-effective
amendment to a Registration Statement is proposed to be filed, (B) when the Commission notifies the Company whether there will be a “review”
of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to
a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission or
any other federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or for additional
information, (iii) of the issuance by the Commission or any other federal or state governmental authority of any stop order suspending
the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings
for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption
from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding
for such purpose, (v) of the occurrence of any event or passage of time that makes the financial statements included in a Registration
Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or any document incorporated
or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration Statement,
Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain
any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading, and (vi) of the occurrence or existence of any pending
corporate development with respect to the Company that the Company believes may be material and that, in the determination of the Company,
makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided,
however, in no event shall any such notice contain any information which would constitute material, non-public information regarding
the Company or any of its Subsidiaries and the Company agrees that the Holders shall not have any duty of confidentiality to the Company
or any of its Subsidiaries and shall not have any duty to the Company or any of its Subsidiaries not to trade on the basis of such information.

 

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(e) Use
its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness
of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable
Securities for sale in any jurisdiction, at the earliest practicable moment.

 

(f) Furnish
to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including
financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested
by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference)
promptly after the filing of such documents with the Commission; provided, that any such item which is available on the EDGAR system
(or successor thereto) need not be furnished in physical form.

 

(g) Subject
to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by
each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any
amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(d).

 

(h) 
The Company shall cooperate with any broker-dealer through which a Holder proposes to resell its Registrable Securities in effecting
a filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 5110, as requested by any such Holder, and the Company
shall pay the filing fee required by such filing within two (2) Business Days of receipt of a request therefor.

 

(i) Prior
to any resale of Registrable Securities by a Holder, or from time to time as requested by the Holder, use its reasonable best efforts
to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from
the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws
of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification
(or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to
enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement, provided that the
Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the
Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process
in any such jurisdiction.

 

(j) If
requested by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing Registrable
Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted
by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered
in such names as any such Holder may request.

 

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(k)
Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into
account the Company’s good faith assessment of any adverse consequences to the Company and its shareholders of the premature disclosure
of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to
the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document
so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section
3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall
suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly
as is practicable. The Company shall be entitled to exercise its right under this Section 3(j) to suspend the availability of a Registration
Statement and Prospectus, subject to the payment of partial liquidated damages otherwise required pursuant to Section 2(d), for a period
not to exceed 60 calendar days (which need not be consecutive days) in any 12-month period.

 

(l) Otherwise
use reasonable best efforts to comply with all applicable rules and regulations of the Commission under the Securities Act and the Exchange
Act, including, without limitation, Rule 172 under the Securities Act, file any final Prospectus, including any supplement or amendment
thereof, with the Commission pursuant to Rule 424 under the Securities Act, promptly inform the Holders in writing if, at any time during
the Effectiveness Period, the Company does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Holders are
required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably
necessary to facilitate the registration of the Registrable Securities hereunder.

 

(m) Intentionally
Omitted.

 

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(n) The
Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially
owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive control over the
shares. During any periods that the Company is unable to meet its obligations hereunder with respect to the registration of the Registrable
Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any
liquidated damages that are accruing at such time as to such Holder only shall be tolled and any Event that may otherwise occur solely
because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company.

 

4.
 Registration Expenses. All fees and expenses incident to the performance of or compliance
with this Agreement by the Company shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration
Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing
fees (including, without limitation, fees and expenses of the Company’s counsel and independent registered public accountants)
(A) with respect to filings made with the Commission, (B) with respect to filings required to be made with any Trading Market on which
the Common Stock is then listed for trading, (C) in compliance with applicable state securities or Blue Sky laws reasonably agreed to
by the Company in writing (including, without limitation, fees and disbursements of counsel for the Company in connection with Blue Sky
qualifications or exemptions of the Registrable Securities), and (D) if not previously paid by the Company in connection with an Issuer
Filing, with respect to any filing that may be required to be made by any broker through which a Holder intends to make sales of Registrable
Securities with FINRA pursuant to FINRA Rule 5110, so long as the broker is receiving no more than a customary brokerage commission in
connection with such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities),
(iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability
insurance, if the Company so desires such insurance, (vi) fees and expenses of all other Persons retained by the Company in connection
with the consummation of the transactions contemplated by this Agreement and (vii) reasonable and
reasonably-documented fees and disbursements of one counsel for each Purchaser, not to exceed $10,000 in the aggregate. In addition,
the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated
by this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting
duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities
on any securities exchange as required hereunder. In no event shall the Company be responsible for any broker or similar commissions
of any Holder or, except to the extent provided for herein or in the Transaction Documents, any legal fees or other costs of the Holders.

 

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5.
 Indemnification.

 

(a) Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, in addition to and not in substitution for
any other indemnification provision by the Company, indemnify and hold harmless each Holder, the officers, directors, managers, managing
members, members, partners, advisers, agents, brokers (including brokers who offer and sell Registrable Securities as principal as a
result of a pledge or any failure to perform under a margin call of Common Stock), staff members (whether or not classified as employees
or independent contractors), investment advisors and employees (and any other Persons with a functionally equivalent role of a Person
holding such titles, notwithstanding a lack of such title or any other title) of each of them, each Person who controls any such Holder
(within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, members, shareholders,
partners, advisers, agents and employees (and any other Persons with a functionally equivalent role of a Person holding such titles,
notwithstanding a lack of such title or any other title) of each such controlling Person, to the fullest extent permitted by applicable
law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’
fees) and expenses (collectively, “Losses”), as incurred, in investigating, preparing or defending against any litigation,
commenced or threatened, or any claim arising out of or relating to (1) any untrue statement of a material fact contained in a Registration
Statement, any Prospectus or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising
out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading
or (2) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law, or any
rule or regulation thereunder, in connection with the performance of its obligations under this Agreement, except to the extent, but
only to the extent, that (i) such untrue or alleged untrue statements or omissions are based solely upon information regarding such Holder
furnished in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such
Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing
by such Holder expressly for use in a Registration Statement, such Prospectus or in any amendment or supplement thereto (it being understood
that the Holder has approved Annex A hereto for this purpose) or (ii) in the case of an occurrence of an event of the type specified
in Section 3(d)(iii)-(vi), the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has
notified such Holder in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior
to the receipt by such Holder of the Advice contemplated in Section 6(d). The Company shall notify the Holders promptly of the institution,
threat or assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the
Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified
person and shall survive the transfer of any Registrable Securities by any of the Holders in accordance with Section 6(h).

 

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(b) Indemnification
by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents
and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law,
from and against all Losses, as incurred, to the extent arising out of or based solely upon: any untrue or alleged untrue statement of
a material fact contained in any Registration Statement, any Prospectus, or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary
to make the statements therein (in the case of any Prospectus or supplement thereto, in light of the circumstances under which they were
made) not misleading (i) to the extent, but only to the extent, that such untrue statement or omission is contained in any information
so furnished in writing by such Holder to the Company expressly for inclusion in such Registration Statement or such Prospectus or (ii)
to the extent, but only to the extent, that such information relates to such Holder’s information provided in the Selling Stockholder
Questionnaire or the proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by
such Holder expressly for use in a Registration Statement (it being understood that the Holder has approved Annex A hereto for this purpose),
such Prospectus or in any amendment or supplement thereto. In no event shall the liability of a selling Holder be greater in amount than
the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and
the amount of any damages such Holder has otherwise been required to pay by reason of such untrue statement or omission) received by
such Holder upon the sale of the Registrable Securities included in the Registration Statement giving rise to such indemnification obligation.

 

(c) Conduct
of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the
“Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including
the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection
with defense thereof, provided that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party
of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by
a court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have materially
and adversely prejudiced the Indemnifying Party.

 

    -138-

     

    

 

An
Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party
has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the defense of such
Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, or (3) the named parties to
any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and counsel to
the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if the same counsel were to represent
such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing
that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have the right to
assume the defense thereof and the reasonable fees and expenses of no more than one separate counsel shall be at the expense of the Indemnifying
Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which
consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall, without the prior written consent of the Indemnified
Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes
an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

 

Subject
to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses to
the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section)
shall be paid to the Indemnified Party, as incurred, within ten Trading Days of written notice thereof to the Indemnifying Party, provided
that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such
actions for which such Indemnified Party is finally determined by a court of competent jurisdiction (which determination is not subject
to appeal or further review) not to be entitled to indemnification hereunder.

 

    -139-

     

    

 

(d) Contribution.
If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party
harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such
proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions,
statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such
Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including
any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made
by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party
as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’
or other fees or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified
for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms.

 

The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata
allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately
preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities be greater in amount than the
dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the
amount of any damages such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission
or alleged omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation.

 

The
indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have
to the Indemnified Parties.

 

6.
 Miscellaneous.

 

(a) Remedies.
In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement, each Holder or the
Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement, including
recovery of damages, shall be entitled to specific performance of its rights under this Agreement. Each of the Company and each Holder
agrees that monetary damages would not provide adequate compensation for any losses incurred by reason of a breach by it of any of the
provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance in respect of such breach,
it shall not assert or shall waive the defense that a remedy at law would be adequate.

 

    -140-

     

    

 

(b) No
Piggyback on Registrations; Prohibition on Filing Other Registration Statements. Neither the Company nor any of its security holders
(other than the Holders in such capacity pursuant hereto) may include securities of the Company in any Registration Statements other
than the Registrable Securities or any securities held by Affiliates of the Holders. The Company shall not file any other registration
statements until all Registrable Securities are registered pursuant to a Registration Statement that is declared effective by the Commission,
provided that this Section 6(b) shall not prohibit the Company from filing amendments to registration statements filed prior to the date
of this Agreement.

 

(c) [Reserved]

 

(d) Discontinued
Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company of
the occurrence of any event of the kind described in Section 3(d)(iii) through (vi), such Holder will forthwith discontinue disposition
of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”) by the
Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company will use
its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company agrees and acknowledges
that any periods during which the Holder is required to discontinue the disposition of the Registrable Securities hereunder shall be
subject to the provisions of Section 2(d).

 

(e) Piggy-Back
Registrations. If, at any time during the Effectiveness Period, there is not an effective Registration Statement covering all of
the Registrable Securities and the Company shall determine to prepare and file with the Commission a registration statement relating
to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than on Form
S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents relating to equity securities to be issued solely
in connection with any acquisition of any entity or business or equity securities issuable in connection with the Company’s stock
option or other employee benefit plans, then the Company shall deliver to each Holder a written notice of such determination and, if
within fifteen days after the date of the delivery of such notice, any such Holder shall so request in writing, the Company shall include
in such registration statement all or any part of such Registrable Securities such Holder requests to be registered; provided,
however, that the Company shall not be required to register any Registrable Securities pursuant to this Section 6(e) that are
eligible for resale pursuant to Rule 144 (without volume restrictions or current public information requirements) promulgated by the
Commission pursuant to the Securities Act or that are the subject of a then effective Registration Statement that is available for resales
or other dispositions by such Holder.

 

    -141-

     

    

 

(f) Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed by
the Company and the Holders of 50.1% or more of the then outstanding Registrable Securities (for purposes of clarification, this includes
any Registrable Securities issuable upon exercise or conversion of any Security), provided that, if any amendment, modification or waiver
disproportionately and adversely impacts a Holder (or group of Holders), the consent of such disproportionately impacted Holder (or group
of Holders) shall be required. If a Registration Statement does not register all of the Registrable Securities pursuant to a waiver or
amendment done in compliance with the previous sentence, then the number of Registrable Securities to be registered for each Holder shall
be reduced pro rata among all Holders and each Holder shall have the right to designate which of its Registrable Securities shall be
omitted from such Registration Statement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with
respect to a matter that relates exclusively to the rights of a Holder or some Holders and that does not directly or indirectly affect
the rights of other Holders may be given only by such Holder or Holders of all of the Registrable Securities to which such waiver or
consent relates; provided, however, that the provisions of this sentence may not be amended, modified, or supplemented
except in accordance with the provisions of the first sentence of this Section 6(f). No consideration shall be offered or paid to any
Person to amend or consent to a waiver or modification of any provision of this Agreement unless the same consideration also is offered
to all of the parties to this Agreement.

 

(g) Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as set forth
in the Purchase Agreement.

 

(h) Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the
parties and shall inure to the benefit of each Holder. The Company may not assign (except by merger) its rights or obligations hereunder
without the prior written consent of all of the Holders of the then outstanding Registrable Securities. Each Holder may assign their
respective rights hereunder in the manner and to the Persons as permitted under Section 5.5 of the Purchase Agreement.

 

    -142-

     

    

 

(i) No
Inconsistent Agreements. Neither the Company nor any of its Subsidiaries has entered, as of the date hereof, nor shall the Company
or any of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect to its securities, that would
have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. Neither
the Company nor any of its Subsidiaries has previously entered into any agreement granting any registration rights with respect to any
of its securities to any Person that have not been satisfied in full.

 

(j) Execution
and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party,
it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party
executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page were an original thereof.

 

(k) Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined in
accordance with the provisions of the Purchase Agreement.

 

(l) Cumulative
Remedies. The remedies provided herein are cumulative and not exclusive of any other remedies provided by law.

 

(m) Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts
to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

 

(n) Headings.
The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to limit or
affect any of the provisions hereof

 

    -143-

     

    

 

(o) .Independent
Nature of Holders’ Obligations and Rights. The obligations of each Holder hereunder are several and not joint with the obligations
of any other Holder hereunder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder
hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Holder
pursuant hereto or thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other
kind of group or entity, or create a presumption that the Holders are in any way acting in concert or as a group or entity with respect
to such obligations or the transactions contemplated by this Agreement or any other matters, and the Company acknowledges that the Holders
are not acting in concert or as a group, and the Company shall not assert any such claim, with respect to such obligations or transactions.
Each Holder shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement,
and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose. The use of
a single agreement with respect to the obligations of the Company contained was solely in the control of the Company, not the action
or decision of any Holder, and was done solely for the convenience of the Company and not because it was required or requested to do
so by any Holder. It is expressly understood and agreed that each provision contained in this Agreement is between the Company and a
Holder, solely, and not between the Company and the Holders collectively and not between and among Holders

 

********************

 

5.22 (Signature
Pages Follow)

 

    -144-

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above.

 

	 	OPTIMUS HEALTHCARE SERVICES, INC.
	 	 	 
	 	By:	 
	 	 	Name: 	Marc Wiener
	 	 	Title:	Chief Executive Officer

 

[SIGNATURE
PAGE OF HOLDERS FOLLOWS]

 

    -145-

     

    

 

[SIGNATURE
PAGE OF PURCHASER TO OPtimus RRA]

 

Name
of Purchaser: Arena Special Opportunities Fund, LP

 

Signature
of Authorized Signatory of Purchaser: __________________________

 

Name
of Authorized Signatory: Lawrence Cutler

 

Title
of Authorized Signatory: Authorized Signatory

 

[SIGNATURE
PAGES CONTINUE]

 

    -146-

     

    

 

[SIGNATURE
PAGE OF PURCHASER TO OPtimus RRA]

 

Name
of Purchaser: Arena Special Opportunities Partners I, LP

 

Signature
of Authorized Signatory of Purchaser: __________________________

 

Name
of Authorized Signatory: Lawrence Cutler

 

Title
of Authorized Signatory: Authorized Signatory

 

[SIGNATURE
PAGES CONTINUE]

 

    -147-

     

    

 

[SIGNATURE PAGE OF PURCHASER TO OPtimus RRA]

 

Name
of Purchaser: Arena Special Opportunities Partners II, LP

 

Signature
of Authorized Signatory of Purchaser: __________________________

 

Name
of Authorized Signatory: Lawrence Cutler

 

Title
of Authorized Signatory: Authorized Signatory

 

[SIGNATURE
PAGES CONTINUE]

 

    -148-

     

    

 

Annex
A

 

Plan
of Distribution

 

Each
Selling Stockholder (the “Selling Shareholders”) of the securities and any of their pledgees, assignees and successors-in-interest
may, from time to time, sell any or all of their securities covered hereby on the principal Trading Market or any other stock exchange,
market or trading facility on which the securities are traded or in private transactions. These sales may be at fixed or negotiated prices.
A Selling Stockholder may use any one or more of the following methods when selling securities:

 

		●	ordinary
                                            brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

		●	block
                                            trades in which the broker-dealer will attempt to sell the securities as agent but may position
                                            and resell a portion of the block as principal to facilitate the transaction;

 

		●	purchases
                                            by a broker-dealer as principal and resale by the broker-dealer for its account;

 

		●	an
                                            exchange distribution in accordance with the rules of the applicable exchange;

 

		●	privately
                                            negotiated transactions;

 

		●	settlement
                                            of short sales;

 

		●	in
                                            transactions through broker-dealers that agree with the Selling Shareholders to sell a specified
                                            number of such securities at a stipulated price per security;

 

		●	through
                                            the writing or settlement of options or other hedging transactions, whether through an options
                                            exchange or otherwise;

 

		●	a
                                            combination of any such methods of sale; or

 

		●	any
                                            other method permitted pursuant to applicable law.

 

The
Selling Shareholders may also sell securities under Rule 144 or any other exemption from registration under the Securities Act of 1933,
as amended (the “Securities Act”), if available, rather than under this prospectus.

 

Broker-dealers
engaged by the Selling Shareholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Shareholders (or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser)
in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction not in
excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or
markdown in compliance with FINRA IM-2440.

 

    -149-

     

    

 

In
connection with the sale of the securities or interests therein, the Selling Shareholders may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the securities in the course of hedging the positions they
assume. The Selling Shareholders may also sell securities short and deliver these securities to close out their short positions, or loan
or pledge the securities to broker-dealers that in turn may sell these securities. The Selling Shareholders may also enter into option
or other transactions with broker-dealers or other financial institutions or create one or more derivative securities which require the
delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer
or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).

 

The
Selling Shareholders and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters”
within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. Each Selling Stockholder has informed the Company that it does not have any written or oral agreement or understanding,
directly or indirectly, with any person to distribute the securities.

 

The
Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities. The Company
has agreed to indemnify the Selling Shareholders against certain losses, claims, damages and liabilities, including liabilities under
the Securities Act.

 

We
agreed to keep this prospectus effective until the earlier of (i) the date on which the securities may be resold by the Selling Shareholders
without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for
the Company to be in compliance with the current public information under Rule 144 under the Securities Act or any other rule of similar
effect or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule
of similar effect. The resale securities will be sold only through registered or licensed brokers or dealers if required under applicable
state securities laws. In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered
or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is
complied with.

 

Under
applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously
engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M,
prior to the commencement of the distribution. In addition, the Selling Shareholders will be subject to applicable provisions of the
Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of the
common stock by the Selling Shareholders or any other person. We will make copies of this prospectus available to the Selling Shareholders
and have informed them of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including
by compliance with Rule 172 under the Securities Act).

 

    -150-

     

    

 

Annex
B

 

SELLING
SHAREHOLDERS

 

The
common stock being offered by the selling shareholders are those previously issued to the selling shareholders, and those issuable to
the selling shareholders, upon conversion of the notes. For additional information regarding the issuances of the notes, see "Private
Placement" above. We are registering the shares of common stock in order to permit the selling shareholders to offer the shares
for resale from time to time. Except for the ownership of the notes and the shares of common stock, the selling shareholders have not
had any material relationship with us within the past three years.

 

The
table below lists the selling shareholders and other information regarding the beneficial ownership of the shares of common stock by
each of the selling shareholders. The second column lists the number of shares of common stock beneficially owned by each selling shareholder,
based on its ownership of the shares of common stock, notes and warrants, as of June________, 2022, assuming conversion of the notes
and exercise of warrants held by the selling shareholders on that date, without regard to any limitations on exercises.

 

The
third column lists the shares of common stock being offered by this prospectus by the selling shareholders.

 

In
accordance with the terms of a registration rights agreement with the selling shareholders, this prospectus generally covers the resale
of the sum of (i) the number of shares of common stock issued to the selling shareholders as commitment shares, and (ii) the maximum
number of shares of common stock issuable upon conversion of the notes, determined as if the outstanding notes were exercised in full
as of the trading day immediately preceding the date this registration statement was initially filed with the SEC, subject to adjustment
as provided in the registration right agreement, without regard to any limitations on the conversion of the notes. The fourth column
assumes the sale of all of the shares offered by the selling shareholders pursuant to this prospectus.

 

Under
the terms of the notes, a selling shareholder may not exercise the notes and/or exercise the warrants to the extent such exercise would
cause such selling shareholder, together with its affiliates and attribution parties, to beneficially own a number of shares of common
stock which would exceed 9.99% of our then outstanding common stock following such conversion, excluding for purposes of such determination
shares of common stock issuable upon conversion of the notes which have not been converted. The number of shares in the second column
does not reflect this limitation. The selling shareholders may sell all, some or none of their shares in this offering. See "Plan
of Distribution."

  

	Name of Selling Shareholder	 	Number of shares of 

Common

 Stock Owned 

Prior to Offering	 	 	Maximum Number of shares of 

Common

 Stock to be Sold

 Pursuant to this

 Prospectus	 	 	Number of shares of 

Common

 Stock Owned

 After Offering	 
		 		       	 	 		          	 	 		       	 

 

    -151-

     

    

 

Annex
C

 

OPTIMUS
HEALTHCARE SERVICES, inc.

 

Selling
Stockholder Notice and Questionnaire

 

The
undersigned beneficial owner of common stock (the “Registrable Securities”) of Optimus Healthcare Services, Inc.,
a Florida corporation (the “Company”), understands that the Company has filed or intends to file with the Securities
and Exchange Commission (the “Commission”) a registration statement (the “Registration Statement”)
for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of
the Registrable Securities, in accordance with the terms of the Registration Rights Agreement (the “Registration Rights Agreement”)
to which this document is annexed. A copy of the Registration Rights Agreement is available from the Company upon request at the address
set forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights
Agreement.

 

Certain
legal consequences arise from being named as a selling stockholder in the Registration Statement and the related prospectus. Accordingly,
holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences
of being named or not being named as a selling stockholder in the Registration Statement and the related prospectus.

 

NOTICE

 

The
undersigned beneficial owner (the “Selling Stockholder”) of Registrable Securities hereby elects to include the Registrable
Securities owned by it in the Registration Statement.

 

    -152-

     

    

 

The
undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate:

 

QUESTIONNAIRE

 

		1.	Name.

 

		(a)	Full
                                            Legal Name of Selling Stockholder
	 	 	 

 

		(b)	Full
                                            Legal Name of Registered Holder (if not the same as (a) above) through which Registrable
                                            Securities are held:
	 	 	 

 

		(c)	Full
                                            Legal Name of Natural Control Person (which means a natural person who directly or indirectly
                                            alone or with others has power to vote or dispose of the securities covered by this Questionnaire):
	 	 	 

 

2.
Address for Notices to Selling Stockholder:

	 

	 
	 
	Telephone: 
	 
	Fax: 
	 
	Contact Person: 
	 

 

3.
Broker-Dealer Status:

 

		(a)	Are
                                            you a broker-dealer?

 

Yes
☐     No ☐

 

		(b)	If
                                            “yes” to Section 3(a), did you receive your Registrable Securities as compensation
                                            for investment banking services to the Company?

 

Yes
☐     No ☐

 

	Note:	If
“no” to Section 3(b), the Commission’s staff has indicated that you should be identified as an underwriter in the Registration
Statement.

 

		(c)	Are
                                            you an affiliate of a broker-dealer?

 

Yes
☐     No ☐

 

    -153-

     

    

 

		(d)	If
                                            you are an affiliate of a broker-dealer, do you certify that you purchased the Registrable
                                            Securities in the ordinary course of business, and at the time of the purchase of the Registrable
                                            Securities to be resold, you had no agreements or understandings, directly or indirectly,
                                            with any person to distribute the Registrable Securities?

 

Yes
☐     No ☐

 

	Note:	If
“no” to Section 3(d), the Commission’s staff has indicated that you should be identified as an underwriter in the Registration
Statement.

 

4.
Beneficial Ownership of Securities of the Company Owned by the Selling Stockholder.

 

Except
as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company other than
the securities issuable pursuant to the Purchase Agreement.

 

		(a)	Type
                                            and Amount of other securities beneficially owned by the Selling Stockholder:
	 	 	 
	 	 	 
	 	 	 

 

    -154-

     

    

 

5.
Relationships with the Company:

 

Except
as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5%
of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with
the Company (or its predecessors or affiliates) during the past three years.

 

	 	State any exceptions
here:
	 	 
	 	 

 

The
undersigned agrees to promptly notify the Company of any material inaccuracies or changes in the information provided herein that may
occur subsequent to the date hereof at any time while the Registration Statement remains effective; provided, that the undersigned shall
not be required to notify the Company of any changes to the number of securities held or owned by the undersigned or its affiliates.

 

The
undersigned represents and warrants to the Company that it is familiar with and understands Regulation M under the Securities Exchange
Act of 1934 and agrees to abide by the provisions of Regulation M during any time Regulation M applies to the undersigned via the Registrable
Securities. By signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items
1 through 5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or supplements
thereto. The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment
of the Registration Statement and the related prospectus and any amendments or supplements thereto.

 

IN
WITNESS WHEREOF the undersigned, by authority duly given, has caused this Selling Stockholder Notice and Questionnaire to be executed
and delivered either in person or by its duly authorized agent.

 

	Date:	 	 	 	Beneficial Owner: 	          

 

	 	 	 	By:	         
	 	 	 		Name:	 
	 	 	 		Title:

 

PLEASE
FAX A COPY (OR EMAIL A .PDF COPY) OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE TO:

 

    -155-

     

    

 

EXHIBIT
E

 

Form
of Subsidiary Guaranty Agreement

 

    -156-

     

    

 

GUARANTY
AGREEMENT

 

THIS
GUARANTY AGREEMENT (this “Guaranty”) is entered into as of June 7, 2022, by and among each of the parties identified
as a Guarantor on the signature pages hereto (each, a “Guarantor”, and collectively, the “Guarantors”),
in favor of the purchasers signatory to the Securities Purchase Agreements (as defined below) (together with their respective successors
and assigns, including, any future holder of the Notes (as defined below), the “Holders”). Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed thereto in the Securities Purchase Agreements.

 

RECITALS

 

WHEREAS,
Optimus Healthcare Services, Inc., a Florida corporation (which was formerly known as Between Dandelions, Inc.) (the “Company”)
has issued to the Holders the following promissory notes: (a) the Company’s Original Issue Discount Senior Secured Convertible
Promissory Notes issued on May 25, 2021, as amended and due on May 25, 2024, in the aggregate principal amount of $2,200,000.00 (the
“May 2021 Notes”) pursuant to a Securities Purchase Agreement dated as of May 25, 2021 among the Company and the Holders
signatory thereto (the “May 2021 Securities Purchase Agreement”), and (b) the Company’s Original Issue Discount
Senior Secured Convertible Promissory Notes issued as of the date hereof and due on June 7, 2024, following their issuance, in the aggregate
principal amount of $2,500,000 (the “May 2022 Notes” and, together with the May 2021 Notes, the “Notes”);
pursuant to a Securities Purchase Agreement, dated as of June 7, 2022 (as amended and in effect from time to time, including any replacement
agreement therefor, the “June 2022 Securities Purchase Agreement” and together with the May 2021 Securities Purchase
Agreement, the “Securities Purchase Agreement”);

 

WHEREAS,
the Company and the Holders have entered into an Amended and Restated Security Agreement dated as of June 7, 2022 (the “Security
Agreement”); and

 

WHEREAS,
each Guarantor will derive substantial direct and indirect benefit from the provision of the loans pursuant to the Securities Purchase
Agreements as evidenced by the Notes.

 

NOW,
THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1. The
Guaranty. Each Guarantor hereby guarantees, as a co-obligor and not merely as surety, to the Holders, the prompt payment of all Obligation
as defined in the Security Agreement (including without limitation principal, premium if any, and interest (including all interest that
accrues after the commencement of any proceeding under Applicable Insolvency Laws of the Company or any Guarantor (the Company and each
Guarantor collectively referred to herein as the “Note Parties” and each individually, a “Note Party”)
at the rate provided in the respective Transaction Document (as such term is defined in the applicable Securities Purchase Agreement),
whether or not a claim for post-petition interest is allowed in such proceeding under Applicable Insolvency Laws) on the Notes, and all
obligations which, but for the automatic stay under 11 U.S.C. Section 362 (or similar successor statute), would become due), whenever
arising, in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise in accordance with any
Transaction Document) strictly in accordance with the terms thereof (hereinafter, collectively, the “Guaranteed Obligations”).
Each Guarantor hereby further agrees that if any of the Guaranteed Obligations are not paid in full when due (whether at stated maturity,
as a mandatory prepayment, by acceleration or otherwise in accordance with any Transaction Document), such Guarantor will promptly pay
the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the
Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by
acceleration or otherwise in accordance with any Transaction Document) in accordance with the terms of such extension or renewal. This
Guaranty is a guaranty of payment and not of collection. This Guaranty is a continuing guaranty and shall apply to all Guaranteed Obligations
whenever arising.

 

    -157-

     

    

 

2. Joint
and Several Liability.

 

(a)
 Each of the Guarantors is accepting joint and several liability hereunder in consideration
of the financial accommodations to be provided by the Holders under the Transaction Documents, for the mutual benefit, directly and indirectly,
of each of the Note Parties and other Guarantors (if any) and in consideration of the undertakings of each of the Guarantors to accept
joint and several liability for the obligations of each of the Note Parties.

 

(b)
 Each of the Guarantors jointly and severally hereby irrevocably and unconditionally accepts,
not merely as a surety but also as a co-obligor, joint and several liability with the other Guarantors with respect to the payment and
performance of all of the Guaranteed Obligations, it being the intention of the parties hereto that all the Guaranteed Obligations shall
be the joint and several obligations of the Guarantors without preferences or distinction among them.

 

(c)
 If and to the extent that any of the Note Parties or Guarantors shall fail to make any payment
with respect to any of the Guaranteed Obligations as and when due or to perform any of the Guaranteed Obligations in accordance with
the terms thereof, then in each such event, the other Guarantors will make such payment with respect to, or perform, such Guaranteed
Obligation.

 

3. Obligations
Unconditional. The obligations of each of the Guarantors under Section 1 hereof are absolute and unconditional, irrespective
of the value, genuineness, validity, regularity or enforceability of any of the Transaction Documents, or any other agreement or instrument
referred to therein, or any substitution, release or exchange of any other guaranty of or security for any of the Guaranteed Obligations,
and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute
a legal or equitable discharge or defense of a surety or guarantor other than payment in full of the Guaranteed Obligations (other than
contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) and termination of the Purchase
Agreements in accordance with their terms, it being the intent of this Section 3 that the obligations of each Guarantor hereunder
shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that it shall have no right of subrogation,
indemnity, reimbursement or contribution against any Note Party for amounts paid under this Guaranty until the Guaranteed Obligations
are paid in full (other than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) and
the Purchase Agreements have terminated in accordance with its terms. Without limiting the generality of the foregoing, it is agreed
that, to the fullest extent permitted by applicable law, the occurrence of any one or more of the following shall not alter or impair
the liability of any Guarantor hereunder which shall remain absolute and unconditional as described above:

 

(a) at
any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the Guaranteed
Obligations shall be extended, or such performance or compliance shall be waived;

 

(b) any
of the acts mentioned in any of the provisions of any of the Purchase Agreements, the Transaction Documents, or any other agreement or
instrument referred to in the Purchase Agreements or the Transaction Documents shall be done or omitted;

 

    -158-

     

    

 

(c) the
maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be modified, supplemented
or amended in any respect, or any right under any of the Purchase Agreements, the Transaction Documents, or any other agreement or instrument
referred to in the Purchase Agreements or the Transaction Documents shall be waived or any other guarantee of any of the Guaranteed Obligations
or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with, in each case, in accordance with
the Transaction Documents; or

 

(d) any
of the Guaranteed Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any creditor
of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor).

 

4. Reinstatement.
The obligations of each Guarantor under this Guaranty shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder
of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor
agrees that it will indemnify each Holder on demand for all reasonable out-of-pocket costs and expenses (including, without limitation,
reasonable fees and out-of-pocket expenses of counsel) incurred by any Holder in connection with such rescission or restoration, including
any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer
or similar payment under any bankruptcy, insolvency or similar law.

 

5. Certain
Additional Waivers. With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand
of payment, protest and all notices whatsoever, to the extent permitted by applicable law, and any requirement that any Holder exhaust
any right, power or remedy or proceed against any Person under any of the Purchase Agreements, the Transaction Documents or any other
agreement or instrument referred to in the Purchase Agreements or the Transaction Documents, or against any other Person under any other
guarantee of, or security for, any of the Guaranteed Obligations.

 

6. Remedies.
Each Guarantor agrees that, to the fullest extent permitted by applicable law, as between such Guarantor and the Holders, the Guaranteed
Obligations may be declared to be forthwith due and payable for purposes of Section 1 hereof notwithstanding any stay, injunction
or other prohibition preventing such declaration (or preventing the Guaranteed Obligations from becoming automatically due and payable)
as against any other Person and that, in the event of such declaration (or the Guaranteed Obligations being deemed to have become automatically
due and payable), the Guaranteed Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable
by the Guarantors for purposes of said Section 1.

 

7. [Reserved].

 

8. Representations.

 

(a) Each
Guarantor hereby represents and warrants that it is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its formation or incorporation and in each other jurisdiction in which the failure to be so qualified could reasonably be expected
to have a Material Adverse Effect.

 

(b) Each
Guarantor further represents and warrants that it has the power and authority to enter into this Guaranty and to perform its obligations
and to consummate the transactions contemplated hereby and has by proper action duly authorized the execution and delivery of this Guaranty.

 

    -159-

     

    

 

(c) Each
Guarantor further represents and warrants that this Guaranty constitutes the legal, valid and binding obligation of such Guarantor enforceable
in accordance with its terms, subject to bankruptcy laws and other similar laws of general application affecting rights of creditors
and subject to the application of the rules of equity, including those respecting the availability of specific performance.

 

(d) Each
Guarantor further represents and warrants that it has knowledge of the other Note Parties’ financial condition and affairs and
represents and agrees that it will keep so informed while this Guaranty is in force. Each Guarantor agrees that no Holder will have any
obligation to investigate the financial condition or affairs of the other Note Parties for the benefit of such Guarantor nor to advise
such Guarantor of any fact respecting, or any change in, the financial condition or affairs of the other Note Parties which might come
to the knowledge of the Holders at any time, whether or not any Holder knows or believes or has reason to know or believe that any such
fact or change is unknown to such Guarantor or might (or does) materially increase the risk of such Guarantor as a guarantor or might
(or would) affect the willingness of such Guarantor to continue as a guarantor with respect to the Guaranteed Obligations.

 

9. Incorporated
Provisions. Each Guarantor acknowledges, agrees to, and agrees to perform, as applicable, all of the representations, warranties,
covenants, waivers and other provisions pertaining to it as a Guarantor or Subsidiary contained in any Transaction Document.

 

10. Amendment.
This Guaranty may be amended or modified only in a writing executed by the parties hereto.

 

11. Termination.
This Guaranty shall terminate upon written notice from the Agent that upon the indefeasible payment in full in cash of the Guaranteed
Obligations and upon each Guarantor having performed all of its respective covenants under the Transaction Documents has occurred.

 

32. Counterparts.
This Guaranty may be executed in any number of counterparts, each of which where so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Guaranty to produce or account
for more than one such counterpart. Facsimile or electronic transmissions of any executed original document and/or retransmission of
any executed facsimile or electronic transmission shall be deemed to be the same as the delivery of an executed original. At the request
of any party hereto, the other parties hereto shall confirm such transmissions by executing duplicate original documents and delivering
the same to the requesting party or parties.

 

13. Headings.
The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the meaning, construction
or interpretation of any provision of this Guaranty.

 

14. Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial; Notice THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, CONSTRUED IN ACCORDANCE WITH, AND ENFORCED UNDER, THE LAWS OF THE STATE OF NEVADA, WITHOUT REGARD TO THE PRINCIPLES
OF CONFLICTS OF LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION. THE PROVISIONS OF THE PURCHASE
AGREEMENTS RELATING TO SUBMISSION TO JURISDICTION, WAIVER OF JURY TRIAL AND VENUE ARE HEREBY INCORPORATED BY REFERENCE HEREIN, MUTATIS
MUTANDIS.

 

    -160-

     

    

 

15. Entirety.
This Guaranty represents the entire agreement of the parties hereto and thereto, and supersedes all prior agreements and understandings,
oral or written, if any, including any commitment letters or correspondence relating to the transactions contemplated herein.

 

16. Holder
Assigns. This Guaranty is intended for and shall inure to the benefit of each and every person who shall from time to time be or
become the owner or holder of (or participant in) any of the Guaranteed Obligations, and each and every reference herein to a “Holder”
shall include and refer to each and every successor or assignee of a Holder, as applicable, at any time holding or owning any part of
or interest (or participation) in any part of the Guaranteed Obligations. Each Holder shall be entitled to rely upon and be the third-party
beneficiary of the provisions of this Guaranty and shall be entitled to enforce the terms and provisions hereof to the same extent as
if such Holder were directly party hereto. This Guaranty shall be transferable and negotiable by such Persons only with the same force
and effect, and to the same extent, that the Guaranteed Obligations are transferable and negotiable, it being understood and stipulated
that upon assignment or transfer by any Holder of any of the Guaranteed Obligations the legal holder or owner of said Guaranteed Obligations
(or a part thereof or interest therein thus transferred or assigned by a Holder) shall (except as otherwise stipulated by a Holder in
its assignment) have and may exercise all of the rights granted to the Holders under this Guaranty to the extent of that part of or interest
in the Guaranteed Obligations thus assigned or transferred to said person. Each Guarantor expressly waives notice of transfer or assignment
of the Guaranteed Obligations, or any part thereof, or of the rights of the Holders hereunder. Failure to give notice will not affect
the liabilities of any Guarantor hereunder.

 

.17. Additional
Guarantors. The Company shall cause any Subsidiary that is not a Guarantor to become a Guarantor hereunder, such Subsidiary shall
execute and deliver to the Holders a Joinder Agreement substantially in the form of Annex 1 and shall thereafter for all purposes be
a party hereto and have the same rights, benefits and obligations as a Guarantor party hereto on the First Closing Date.

 

18. Notices.
All notices, requests and demands to or upon any Purchaser or any Guarantor hereunder shall be effected in the manner provided for
in the Securities Purchase Agreements; provided, that, any such notice, request or demand to or upon any Guarantor shall be addressed
to the Company’s notice address set forth in the applicable Securities Purchase Agreement.

 

19.
 Reliance. Each Guarantor hereby assumes responsibility for keeping itself informed of
the financial condition of the Company, each other Guarantor and any other guarantor, maker or endorser of any Guaranteed Obligation
or any part thereof, and of all other circumstances bearing upon the risk of nonpayment of any Guaranteed Obligation or any part thereof,
that diligent inquiry would reveal, and each Guarantor hereby agrees that no Holder shall have any duty to advise any Guarantor of information
known to it regarding such condition or any such circumstances. In the event any Beneficiary, in its sole discretion, undertakes at any
time or from time to time to provide any such information to any Guarantor, such Beneficiary shall be under no obligation to (a) undertake
any investigation not a part of its regular business routine, (b) disclose any information that such Beneficiary, pursuant to accepted
or reasonable commercial finance or banking practices, wishes to maintain confidential or (c) make any future disclosures of such
information or any other information to any Guarantor.

 

    -161-

     

    

 

20. Set-Off.
Each Guarantor hereby irrevocably authorizes the Holders at any time and from time to time while an Event of Default (as defined in the
Notes) under the Notes or a default under any of the Transaction Documents shall have occurred and be continuing, without notice to such
Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any
and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent,
matured or unmatured, at any time held or owing by the Holders to or for the credit or the account of such Guarantor, or any part thereof
in such amounts as the Holders may elect, against and on account of the obligations and liabilities of such Guarantor to the Holders
hereunder and claims of every nature and description of the Holders against such Guarantor, in any currency, whether arising hereunder,
under the applicable Securities Purchase Agreement, any other Transaction Document or otherwise, as the Holders may elect, whether or
not the Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured.
The Holders shall notify such Guarantor promptly of any such set-off and the application made by the Holders of the proceeds thereof,
provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Holders
under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Holders
may have.

 

5.1 21. Acknowledgements.
Each Guarantor hereby acknowledges that:

 

(a) (a) it
has been advised by counsel in the negotiation, execution and delivery of this Guaranty and the other Transaction Documents to which
it is a party;

 

(b) (b) the
Holders have no fiduciary relationship with or duty to any Guarantor arising out of or in connection with this Guaranty or any of the
other Transaction Documents, and the relationship between the Guarantors, on the one hand, and the Holders, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor; and

 

(c) no
joint venture is created hereby or by the other Transaction Documents or otherwise exists by virtue of the transactions contemplated
hereby among the Guarantors and the Holders.

 

22.
 Seniority. The Guaranteed Obligations of each of the Guarantors hereunder rank senior
in priority to any other indebtedness of such Guarantor.

 

[Signature
Page Follows]

 

    -162-

     

    

 

Each
of the parties hereto has caused a counterpart of this Guaranty to be duly executed and delivered as of the date first above written.

 

	GUARANTORS:	OPTIMUS HEALTHCARE SERVICES, INC.
	 	 	 
	 	By:	 
	 	Name: 	Cliff Saffron
	 	Title:	General Counsel and Chief Financial Officer
	 	 	 
	 	CLINICAL RESEARCH ALLIANCE ACQUISITION CORP.
	 	 	 
	 	By:	  
	 	Name:	Marc Wiener
	 	Title:	Chief Executive Officer
	 	 	 
	 	OPTIMUS HEALTH, INC.
	 	 	 
	 	By:	 
	 	Name:	Daniel Cohen
	 	Title:	President

 

    -163-

     

    

 

Accepted
and agreed to as of the date first above written.

 

 HOLDERS:

		ARENA
SPECIAL OPPORTUNITIES FUND, LP

	 	 	 
	 	By:	 
	 	Name:	 Lawrence
    Cutler
	 	Title:	 Authorized
    Signatory

 

	 	ARENA SPECIAL OPPORTUNITIES PARTNERS I, LP
	 	 	 
	 	By:	 
	 	Name:	 Lawrence
    Cutler
	 	Title:	 Authorized
    Signatory

 

	 	ARENA
SPECIAL OPPORTUNITIES PARTNERS II, LP
	 	 	 
	 	By:	 
	 	Name:	 Lawrence
    Cutler
	 	Title:	 Authorized
    Signatory

 

    -164-

     

    

 

Schedule
1

 

Purchase
Price; Securities Purchased

 

	Name
of Purchaser
	 	Closing
                                            Purchase
 Price
 
	 	 	Aggregate 

Principal

                                            Amount of

 Notes

                                            being

 Purchased
 
	 	 	Number
                                            of

                                            Warrant

                                            Shares

                                            issuable upon

                                            exercise of

                                            Warrant being

                                            Purchased
 
	 	 	 
 
Number
                                            of

                                            Commitment

                                            Shares
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL	 	$	2,000,000.00	 	 	$	2,200,000.00	 	 	 	1,540,000	 	 	 	200,000	 

 

 

-165 -

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