Document:

Exhibit 10.1

 

FORM
OF 

NOTE
PURCHASE and security AGREEMENT

THIS
NOTE PURCHASE AND SECURITY AGREEMENT (this “Agreement”) is made and entered as of November [ ], 2020 (the “Effective
Date”) by and among Thumzup Media Corporation, a Nevada corporation (“Borrower” or “Company”),
and investors whose names are set forth on Schedule I attached hereto (each a “Buyer” or “Holder”
and collectively, the “Buyers” or “Holders”). Borrower and Buyers may be referred to herein individually
as a “Party” or collectively as the “Parties.”

RECITALS

A.       The
Company and Buyers have previously agreed in principle upon a non-binding Series Seed Senior Convertible Note Financing Summary
of Terms (the “Term Sheet”) dated October , 2020 which is attached hereto as Exhibit A.

B.       The
Company and the Buyers are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”) and Rule 506(b) promulgated
by the United States Securities and Exchange Commission (the “SEC”) under the 1933 Act.

C.       Buyers
desire to purchase from the Company, and the Company desires to issue and sell to each of the Buyers (the “Senior Financing”),
upon the terms and conditions set forth in this Agreement, Senior Secured Convertible Promissory Notes of the Company, in the
aggregate principal amount of $200,000, in the form attached hereto as Exhibit B (each a “Senior Note” and
collectively the “Senior Notes”). The Senior Notes and this Agreement together with all additional, related
or associated agreements, documents, filings, entered into between the Parties or provided by any of the Parties in connection
with the Senior Financing and the issuance of each Senior Note, including but not limited to those documents set forth in Section 5.2.1
below, are referred to as the “Financing Documents”).

D.       Shares
issuable upon conversion of the Senior Notes shall be registered on Form S-1 for sale under the federal securities laws upon the
terms set forth in the form of Registration Rights Agreement attached hereto as Exhibit C (the “Registration Rights Agreement”)
to be entered into at Closing (defined below) between the Company and each of the Buyers.

E.       The
Company shall secure the Senior Notes with all of the Company’s intellectual property now or hereafter owned or created
by or on behalf of the Founders to operate the Company’s business and as more particularly described below. The Company’s
founding shareholders, Robert Steele and Danny Lupinelli (each a “Founder” or “Pledgor”
and collectively the “Founders” or “Pledgors”) shall have entered into the form of Pledge
Agreement attached hereto as Exhibit D by which all shares of common stock owned by the Founders shall be pledged as additional
collateral to secure the terms and covenants of this Agreement and the other Financing Agreements.

F.       This
Agreement and the other Financing Documents set forth the understanding of the parties with respect to the Senior Financing and
the other matters contemplated hereby.

NOW,
THEREFORE, in consideration of the foregoing, and of the mutual covenants, promises, and agreements contained herein, and intending
to be legally bound, the Parties hereby agree as follows:

AGREEMENT

1.                 
Financing Amount. The Senior Financing shall be evidenced by one or more Senior Notes which in the aggregate shall
amount to Two Hundred Thousand and No/100 Dollars ($200,000.00) (the “Financing Amount”). Buyers shall deliver
the Financing Amount to Borrower in accordance with Sections 5 and 18, subject to the satisfaction of all conditions
to obligations of the several Buyers to fund the amount contained in the Financing Documents.

    	 

    	 

    

2.                 
Due Date; Obligation.

2.1.           
Due Date. The Obligations (as defined below) relating to the Senior Financing and the Senior Notes issued in respect
thereof shall be due and payable as follows:

2.1.1.     
Interest Payment. Interest payments shall be due and payable quarterly from the date of delivery of principal of each Senior
Note respectively and may be paid, at the individual separate election of each Buyer, in cash or in shares of common stock of
the Company. In the event a Buyer elects to receive interest payment in shares of common stock, the number of shares shall be
determined based on $0.11 price per share rounded up to the next whole share. By way of example, if the amount of interest due
is $1,000, then the Company shall deliver to the Buyer 9,091 shares of common stock ($1,000/$0.11).

2.1.2.     
 Principal Payment. Borrower shall pay to each respective Buyer the principal payment together with any accrued and unpaid
interest on the 12 month anniversary of each Senior Note. The date the Obligations related to the Senior Financing are due and
payable is referred to as the “Due Date”.

2.2.           
Obligations. “Obligations” means the indebtedness incurred pursuant to the Senior Financing and all
obligations and liabilities of every nature of Borrower now or hereafter existing under or arising out of or in connection with
any Financing Documents entered into by the Parties or their applicable affiliates, and all related documents, together with all
extensions or renewals thereof, whether for principal, interest, reimbursement of amounts drawn, payments for early termination,
fees, penalties, expenses, indemnities or otherwise, whether 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 Buyers as a preference, fraudulent transfer
or otherwise, and all obligations of every nature of Borrower now or hereafter existing under the Financing Documents, including,
without limitation, interest, fees and other amounts that, but for the filing of a petition in bankruptcy with respect to Borrower,
would accrue on such obligations, whether or not a claim is allowed against Borrower for such interest in the related bankruptcy
proceeding.

3.                 
Use of Proceeds. At Closing, Borrower shall deposit $100,000 of the Senior Financing proceeds (the “Registration
Statement Funds”) into an escrow with an attorney selected by the Buyers (the “Registration Funds Escrow”)
to be used solely for costs associated with registering the shares issuable upon conversion of the Senior Notes on Form S-1 under
the federal securities laws, attaining a trading symbol from FINRA, and associated items such as, DTC approval, hiring a transfer
agent with DWAC and DRS capabilities, and other steps related to the going public process leading to a trading market for Borrower’s
securities. The balance of up to $100,000 shall be used for general corporate purposes.

4.                 
Payments.

4.1.           
Application of Payments. All payments made under or pursuant to this Agreement and the other Financing Documents shall
be applied first, to any late charges, costs, expenses, charges fees payable under this Agreement and the other Financing
Documents, as set forth in Section 2.1 above, and finally, to any other Obligations hereunder and under the other Financing Documents.
Interest on the Senior Note shall accrue on the outstanding principal amount of the Senior Note at the rate of eight percent (8%)
per annum based on 365-day year. Borrower shall pay accrued interest as set forth in Section 2.1.1. Repayment of the Obligations
shall be made when and as they become due under this Agreement and the Senior Notes, and shall otherwise be made by Borrower on
the Due Date, as such Due Date may be extended by a majority in interest of the Buyers in their sole discretion.

		4.2.1	Prepayment.
                                         Borrower may prepay all or any portion of the Senior Notes, after providing 30 days prior
                                         written notice (with any such amounts to be applied in the order specified in Section 2.1
                                         above), at the option of Borrower, pro rata to each holder of a Senior Note, by paying
                                         one hundred thirty percent (130%) of (i) the then outstanding principal amount plus (ii)
                                         accrued and unpaid interest on that principal amount. If pre-payment is offered, the
                                         Holders may elect to convert into shares of common stock instead of accepting pre-payment.

4.3
Right. In the event the Company repays the Senior Note, each Buyer/Noteholder, shall have a right (the “Right”)
for a period of 12 months from such repayment date (the “Right Period”), to acquire up to that number of shares of
common stock of the Company that results from dividing the principal amount of prepaid Note by $0.11 per share, which will be
adjusted for any stock splits and recapitalizations.

    	 

    	 

    

5.                 
Closing.

5.1.           
Closing Date. Buyers shall use its commercially reasonable efforts to complete the Closing and deliver the Financing Amount
to the account specified below in Section 18 within five (5) business days following the satisfaction of the Closing
Conditions set forth below in Section 5.2, but in any event no later than November __, 2020, unless mutually agreed
by the parties to extend to a different date (the date of closing of the Senior Financing, the “Closing Date”).
Within three (3) business days following the Closing Date, Buyers shall deliver a written closing statement to Borrower confirming
receipt of the Financing Amount.

5.2.           
Closing Conditions. Prior to or as of the Closing, the following conditions shall have been satisfied or waived by Buyers
in its sole discretion (“Closing Conditions”):

5.2.1       Delivery
of All Executed Documentation. Borrower shall have delivered executed originals of all Financing Documents to Buyers.
Such Financing Documents include, but are not limited to the following, each in form and substance satisfactory to Buyers in their
reasonable discretion: (a) this Agreement; (b) the Senior Note attached as Exhibit B; (c) the Registration Funds Escrow;
(d) the Registration Rights Agreement attached as Exhibit C; (c) the Pledge Agreement attached as Exhibit D signed by each of
the Founders and such other documents as Buyers may reasonably request, including the documentation necessary for Buyers to perfect
their senior, first priority security interest in the Collateral, as described below. Further, if Buyers determine or are informed
by Borrower that any rights, property or interests that are the subject of any of the foregoing deliveries are not owned or held
by Borrower or a Pledgor as the case may be, as of the date hereof or thereof, or otherwise is or may be encumbered, Borrower
or Pledgor, as the case may be, shall promptly execute additional copies of such deliveries in the form of such deliveries that
were previously negotiated and delivered, but with an updated effective date that is the date Borrower or the applicable Pledgor
has acquired the requisite rights, property or interests.

5.2.2       Completion
of Checks. All verifications and checks of Borrower’s credit and/or background and all UCC searches of Borrower
required by Buyers shall have been completed. BORROWER HEREBY EXPLICITLY AUTHORIZES BUYERS TO RUN ALL CREDIT CHECKS, BACKGROUND
CHECKS, UCC SEARCHES AND OTHER VERIFICATIONS DEEMED REASONABLY NECESSARY BY BUYERS.

5.2.3       Perfection
of Security Interests. All of the conditions of Section 6 shall have been satisfied, and Buyers shall have
perfected, or shall perfect or cause the Company to have effected as of or immediately following the Closing, the security interests
of the Buyers in all Collateral (as defined below) by filing UCC-1 Financing Statements and such other security agreements as
may be reasonably required, and to the extent applicable, by control and/or by possession.

5.2.4       Delivery
of Organizational Documents. Prior to closing, Borrower shall deliver to Holders all organizational documents for Borrower
along with any amendments thereto, together with written records of all actions and minutes of the Borrower’s board of directors
and shareholders in each case as in effect as of the Closing Date.

5.2.5       Additional
Requirements. Such other documents, instruments, agreements, approvals, opinions, requirements and/or filings as Buyers
may reasonably request or are necessary to effectuate the purpose and intent of the respective Parties in entering into this Agreement.

If
Buyers waive any of the above Closing Conditions based upon Borrower’s agreement to satisfy such Closing Conditions following
the Closing Date, Borrower shall be obligated to promptly and diligently pursue the satisfaction of such Closing Conditions by
the date on which Buyers and Borrower have agreed to extend satisfaction of such Closing Condition, and Borrower’s failure
to timely and fully do so shall constitute a material Default.

    	 

    	 

    

6.                 
Security Agreement. Payment of the Obligations shall be secured by those liens, security interests and protections
for Buyers set forth in this Section, which shall constitute a security agreement between Borrower and Buyers, for the express
benefit of Buyers and its successors and assigns:

6.1.           
Grant of Security Interest. Borrower hereby grants to Buyers a senior, first priority lien on and security interest in
and to all of the right, title and interest of Borrower in, to and under the following property, wherever located, whether now
existing or hereafter arising or acquired from time to time (collectively, the “Collateral”):

6.1.1.     
All tangible and intangible assets of Borrower, including, but not limited to, all computer codes, trademarks, patents or patents
pending, copyrights, trademarks, tools, inventory, contract rights, consumer goods, equipment, inventory, general intangibles,
accounts, chattel paper, deposit accounts, documents, instruments, investment property, letter-of-credit rights, letters of credit,
money, patents, licenses, intellectual property, cash, cash equivalents, cash collateral, accounts receivable, contracts rights,
real property, plant, machinery, equipment, fixtures, vehicles, stock and equity instruments, commercial tort claims, supporting
obligations, to the extent not covered by the foregoing types of Collateral, choses in action and all other personal property
of Borrower, whether now owned or licensed or hereafter developed, licensed or acquired or whether tangible or intangible, and
books and records pertaining to Collateral;

6.1.2.     
All proceeds, replacements, substitutions, products, rents and profits of or from any and all of the foregoing Collateral and,
to the extent not otherwise included, all payments under insurance (whether or not Borrower is the loss payee thereof), or any
indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral;
and

6.1.3.     
Any after acquired collateral or assets of the foregoing types.

For
purposes of this Agreement, the term “proceeds” includes whatever is receivable or received when Collateral
or any proceeds thereof are sold, exchanged, collected or otherwise disposed of, regardless of whether such disposition is voluntary
or involuntary. Each item of Collateral listed in this Section 6.1 that is defined in the Uniform Commercial Code
as in effect in the State of California (the “UCC”) shall include, but not be limited to, the respective definitions
set forth for such terms in the UCC, it being the intention of Borrower that the description of the Collateral set forth above
be construed to include the broadest possible range of assets; provided, however, that if by reason of mandatory
provisions of applicable law, any or all of the attachment, perfection or priority of Buyers’ security interest in any item
or portion of the Collateral is governed by the Uniform Commercial Code in a jurisdiction other than the State of Delaware, the
term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions
hereof relating to such attachment, perfection or priority and for purposes of definitions relating to such provisions. Borrower
hereby unconditionally and irrevocably appoints and constitutes Buyers (it being acknowledged that such power of attorney is coupled
with an interest), as its true and lawful attorney in fact for the assignment, transfer and perfection of this grant and pledge
of the Collateral, to the interest and name of Buyers. Buyers shall hold this security interest in the pledged Collateral as security
for the repayment of the Obligations and the covenants contained in the Financing Documents relating to the Senior Financing.

6.2.           
Perfection. Buyers is authorized to file, and Borrower at its expense shall cause to be filed, proper and effective UCC
financing statement(s), intellectual property security agreements (“IP Security Agreements”), and any other
filings necessary in order to legally perfect Buyers’ liens and security interests in the Collateral, and Buyers may, and
Borrower shall, take any other steps or actions deemed necessary by Buyers to perfect Buyers’ interests in the Collateral.
Borrower hereby expressly gives Buyers the authority and permission to file any statement(s), and take such steps or actions,
as are contemplated by the foregoing sentence.

6.3.           
Security for Obligations. This Agreement (together with any IP Security Agreements and filings necessary in order to legally
perfect Buyers’ liens and security interests in the Collateral, which shall be executed and delivered by the Parties at
the Closing or at such other time as the Parties may agree) secures, and the Collateral is collateral security for, the prompt
payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand
or otherwise (including, without limitation, the payment of amounts that would become due but for the operation of the automatic
stay under Section 362(a) of the U.S. Bankruptcy Code), of all Obligations of Borrower, including any future amounts loaned
to Borrower by Buyers hereunder or under any future or prior agreements, documents or instruments.

6.4.           
Borrower to Remain Liable. Anything contained herein to the contrary notwithstanding, (a) Borrower shall remain liable
under any contract and agreement included in the Collateral, to the extent set forth therein, to perform all of its duties and
obligations thereunder to the same extent as if this Agreement and any other Financing Documents had not been executed, (b) the
exercise by Buyers of any of their rights hereunder shall not release Borrower from any of its duties or obligations under the
contracts and agreements included in the Collateral, and (c) Buyers shall not have any obligation or liability under any contracts,
licenses, and agreements included in the Collateral by reason of this Agreement, nor shall Buyers be obligated to perform any
of the obligations or duties of Borrower thereunder or to take any action to collect or enforce any claim for payment transferred
or assigned hereunder.

    	 

    	 

    

6.5.           
Further Assurances. Borrower agrees that from time to time, at the expense of Borrower, Borrower will promptly execute
and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that Buyers
may reasonably request, in order to perfect, protect or maintain any security interest granted or purported to be granted hereby
or by the IP Security Agreements or to enable Buyers to exercise and enforce its rights and remedies hereunder with respect to
any Collateral. Without limiting the generality of the foregoing, Borrower will: (i) execute, if necessary, and file such financing
or continuation statements, or amendments thereto; and (ii) deliver such other instruments or notices, as may be necessary or
desirable, or as Buyers may request, in order to perfect and preserve the security interests granted or purported to be granted
hereby or thereby. Borrower hereby authorizes Buyers to file one or more financing or continuation statements, and amendments
thereto, relative to all or any part of the Collateral without the signature of any Borrower.

6.6.           
Buyers Appointed Attorney-in-Fact. Borrower hereby irrevocably appoints Andrew Haag as Borrower’s attorney-in-fact,
with full authority in the place and stead of Borrower and in the name of Borrower, in Buyers’ discretion, to take any action
and to execute any instrument that Buyers may deem reasonably necessary or advisable to accomplish the purposes of this Agreement
and each other applicable Financing Document, from time to time after the occurrence and during the continuation of a Default,
including: (a) to obtain and adjust insurance (including any claims thereunder) required to be maintained by Borrower or paid
to Buyers; (b) to ask for, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due
and to become due under or in respect of any of the Collateral; (c) to receive, endorse and collect any drafts or other instruments,
documents and chattel paper in connection with clauses (a) and (b) above; (d) to file any claims or take any action or institute
any proceedings that Buyers may deem necessary or desirable for the collection or preservation of any of the Collateral or otherwise
to enforce or protect the rights of Buyers with respect to any of the Collateral; (e) to pay or discharge taxes or liens (other
than liens permitted under the Financing Documents) levied or placed upon or threatened against the Collateral, the legality or
validity thereof and the amounts necessary to discharge the same to be determined by Buyers in its sole discretion, any such payments
made by Buyers to become obligations of Borrower to Buyers, due and payable immediately without demand; (f) to sign and endorse
any invoices, drafts against debtors, assignments, verifications and notices in connection with accounts and other documents relating
to the Collateral; and (g) generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any
of the Collateral as fully and completely as though Buyers were the absolute owner thereof for all purposes, and to do, at Buyers’
option and Borrower’s expense, at any time or from time to time, all acts and things that Buyers deem necessary to protect,
preserve or realize upon the Collateral and any proceeds thereof and Borrowers’ security interests therein in order to effect
the purpose and intent of the Financing Documents, all as fully and effectively as Buyers may elect in its sole discretion.

6.7.           
Indemnity and Expenses. Borrower agrees to indemnify Buyers and its principals, partners, employees and affiliates (collectively,
the “Buyers Indemnified Parties”), against any and all claims, losses, costs, expenses and liabilities in any
way relating to, growing out of or resulting from the Financing Documents and the transactions contemplated hereby or associated
herewith (including, without limitation, those incurred in or resulting from the enforcement of this Agreement), except to the
extent such claims, losses, costs, expenses or liabilities result from Buyers’ gross negligence or willful misconduct as
finally determined by a court of competent jurisdiction in a judgment not subject to appeal. Borrower agrees to pay to Buyers
and each applicable Buyers Indemnified Party upon demand the amount of any and all costs and expenses, including the reasonable
fees and expenses of its counsel and of any experts and agents, that Buyers or such Buyers Indemnified Party may incur in connection
with (i) the administration of the Financing Documents, (ii) the custody, preservation, use or operation of, or the sale of, collection
from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of Buyers hereunder
or under any other Financing Document, or (iv) the failure by Borrower to timely and fully perform or observe any of the provisions
hereof. The obligations of Borrower in this Section 6.7 shall survive the termination of this Agreement and the discharge
of Borrower’s other obligations under the Financing Documents.

6.8.           
Continuing Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall (i)
secure all future advances or loans made by Buyers to Borrower, (ii) remain in full force and effect until the payment in full
of the Obligations, including any additional advances or loans made to Borrower by Buyers, and (iii) be enforceable by and inure,
together with the rights and remedies of Buyers hereunder, to the benefit of Buyers and its successors, transferees and assigns.
Without limiting the generality of the foregoing clause (iii), Buyers (and its assignees and transferees in turn) may assign or
otherwise transfer any of its rights arising under the Financing Documents to any other person, and such other person shall thereupon
become vested with all the benefits in respect thereof granted to Buyers (or any applicable assignees and transferees thereof)
whether arising herein or otherwise.

6.9.           
Maintenance of Collateral. Borrower shall not use or permit any Collateral to be used unlawfully or in violation of any
provision of this Agreement or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral,
and shall otherwise protect and preserve the Collateral, and pay promptly when due all payments, property and other taxes, assessments
and governmental charges or levies imposed upon, and all claims (including claims for labor, services, materials and supplies)
against or with respect to, the Collateral. Borrower shall, at its own expense: (a) perform and observe in all material respects
all terms and provisions of its material contracts and agreements, enforce all material contracts and agreements in accordance
with their terms, and take all such action to such end as may be prudent or from time to time requested by Buyers; and (b) furnish
to Buyers, upon Buyers’ reasonable request, (i) copies of all notices, requests and other documents received by Borrower
under or pursuant to any material contracts or agreements, (ii) such information and reports regarding the Collateral and Borrower
and its business as Buyers may reasonably request. Borrower shall not, (x) without the prior written consent of Buyers, cancel,
terminate, amend, pledge, encumber or alter any Collateral or consent to or accept any cancellation or termination thereof, or
give any consent, waiver or approval thereunder, or (y) take any other action in connection with the Collateral could reasonably
be expected to materially impair the value and priority of the interest or rights of Borrower thereunder or that could reasonably
be expected to impair the interest or rights of Buyers under this Agreement or any other Financing Document.

    	 

    	 

    

6.10.       
No Encumbrance or Transfer. For so long as any of the Obligations remain outstanding, Borrower shall not encumber, dilute
or in any way transfer, pledge or grant liens in Borrower’s interests in the Collateral without the express written consent
of Buyers, which may be given, conditioned or withheld in Buyers’ sole discretion.

6.11.       
Future Acquisition of Collateral. For any part(s) or item(s) of the Collateral that are not owned by Borrower as of the
date and time of execution of this Agreement, this Agreement shall become effective with respect to such part(s) or item(s) immediately
and automatically upon the acquisition of such part(s) or item(s) by Borrower, and Borrower agrees to promptly execute, at Buyers’
request, additional agreements in the same form of this Agreement dated as of the date of such acquisitions of such part(s) or
item(s), which agreements shall specifically describe any Collateral not specifically described in this Agreement.

7.                 
Each Buyer’s Representations and Warranties.

As
of the Closing Date, each Buyer represents and states for itself and not for any other Buyer that:

7.1.           
Buyer is purchasing his or its Senior Note for the amount set forth therein, and the shares of Common Stock issuable upon conversion
of or otherwise pursuant to the Senior Note and such additional shares of Common Stock, if any, as are issuable on account of
interest on the Senior Note pursuant to this Agreement, such shares of Common Stock being collectively referred to herein as the
“Conversion Shares” and, collectively with the Senior Note, the “Securities”) for its own account
and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from
registration under the 1933 Act; provided, however, that by making the representations herein, each Buyer acting only for itself
, does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the
Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

7.2.           
Each Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D (an “Accredited
Investor”) and has provided the Borrower an executed copy of the accredited investor questionnaire (the “Questionnaire”)
substantially in the form attached hereto as Exhibit E.

7.3.           
Each Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions from the registration
requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of,
and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the
Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the
Securities.

7.4.           
Each Buyer and its advisors, if any, have been, and for so long as the Senior Note remains outstanding will continue to be, furnished
with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale
of the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for
so long as the Senior Note remains outstanding will continue to be, afforded the opportunity to ask questions of the Company regarding
its business and affairs. Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material nonpublic information
regarding the Company or otherwise and will not disclose such information unless such information is disclosed to the public prior
to or promptly following such disclosure to the Buyer. Neither such inquiries nor any other due diligence investigation conducted
by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer’s right to rely on the Company’s
representations and warranties contained in this Agreement.

7.5.           
Each Buyer understands that no United States federal or state agency or any other government or governmental agency has passed
upon or made any recommendation or endorsement of the Securities.

7.6.           
Each Buyer understands that (i) the sale or resale of the Securities has not been and is not being registered under the 1933 Act
or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities are sold pursuant
to an effective registration statement under the 1933 Act, (b) the Buyer shall have delivered to the Company, an opinion of counsel
that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to the effect that the
Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such registration, which opinion
shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate” (as defined in Rule
144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”)) of the Buyer who agrees to sell or otherwise
transfer the Securities only in accordance with this Section 7.6 and who is an Accredited Investor, (d) the Securities are sold
pursuant to Rule 144, (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms
of said Rule 144 and further, if said Rule 144 is not applicable, any re-sale of such Securities under circumstances in which
the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933
Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and
(iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any state
securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the foregoing
or anything else contained herein to the contrary, the Securities may be pledged in connection with a bona fide margin account
or other lending arrangement secured by the Securities, and such pledge of Securities shall not be deemed to be a transfer, sale
or assignment of the Securities hereunder, and the Buyer in effecting such pledge of Securities shall be not required to provide
the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or otherwise.

    	 

    	 

    

7.7.           
Each Buyer understands that until such time as the Senior Note, and, upon conversion of the Senior Note in accordance with its
respective terms, the Conversion Shares, have been registered under the 1933 Act or may be sold pursuant to Rule 144, Rule 144A
under the 1933 Act or Regulation S without any restriction as to the number of securities as of a particular date that can then
be immediately sold, the Securities may bear a restrictive legend in substantially the following form (and a stop-transfer order
may be placed against transfer of the certificates for such Securities):

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (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, RULE 144A
OR REGULATION S UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

The legend
set forth above shall be removed and the Company shall issue or cause to be issued a certificate for the applicable shares of
Common Stock without such legend to the holder of any Security upon which it is stamped or (as requested by such holder) issue
the applicable shares of Common Stock to such holder by electronic delivery by crediting the account of such holder’s broker
with The Depository Trust Company (“DTC”), if, unless otherwise required by applicable state securities laws, (a)
such Security is registered for sale under an effective registration statement filed under the 1933 Act or otherwise may be sold
pursuant to Rule 144, Rule 144A or Regulation S without any restriction as to the number of securities as of a particular date
that can then be immediately sold, or (b) the Company or the Buyer provides the opinion of legal counsel to the effect that a
public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion shall be accepted
by the Company so that the sale or transfer is effected promptly without delay. The Company shall be responsible for the fees
of its transfer agent and all DTC fees associated with any such issuance. The Buyer agrees to sell all Securities, including those
represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements,
if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer
of Securities pursuant to an exemption from registration, such as Rule 144, Rule 144A or Regulation S, at the Deadline (as defined
in the Senior Note), it will be considered an Event of Default pursuant to Section 3.2 of the Senior Note.

7.8.           
This Agreement has been duly and validly authorized by each Buyer or has been duly executed and delivered on behalf of each Buyer,
and this Agreement constitutes a valid and binding agreement of each Buyer enforceable in accordance with its terms, except as
enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally and except as may be limited by the exercise of judicial discretion in applying principles of equity.

7.9.           
Each Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages hereto.

8.                 
Borrower’s Representations and Warranties. Borrower hereby represents, warrants and covenants, as applicable,
to Buyers (a) as of the date hereof and (b) as of any subsequent extension of the Due Date or the time of funding any
advance or loan of any funds pursuant to any of the Financing Documents, as follows:

8.1.           
Borrower is duly organized, validly existing and in good standing under the laws of its state of incorporation, and is duly qualified
to do business and in good standing in each jurisdiction in which the nature of its business requires it to be so qualified.

8.2.           
Borrower has operated, and is operating, in compliance with all material laws, rules and regulations applicable to Borrower’s
business, and currently possesses all material permits, licenses and approvals necessary to conduct Borrower’s business
as currently conducted and as proposed to be conducted in the future.

8.3.           
If Borrower is a “registered organization” (as defined in the Uniform Commercial Code), Borrower’s name and
organizational number is as provided in the Financing Documents is accurate, and its main office is located as may be therein
set forth.

8.4.           
Borrower has the power and authority to perform the transactions and its obligations as contemplated under the Financing Documents.

8.5.           
The execution, delivery and performance by Borrower of its obligations under the Financing Documents, and consummation by Borrower
of the transactions contemplated thereby:

8.5.1.     
have been duly authorized and executed by all necessary authorizations, approvals and consents of Borrower, its officers and directors,
its shareholders, and any applicable third parties or governmental agencies or authorities;

8.5.2.     
does not and will not contravene or cause Borrower to be in default under (I) Borrower’s organizational or governing documents,
(II) any material contractual restriction contained in any indenture, loan or credit agreement, lease, mortgage, security agreement,
bond, note, or other agreement or instrument binding on or affecting Borrower or Borrower’s business or property, or (III)
any law, rule, regulation, order, writ, judgment, award, injunction, or decree applicable to, binding on or affecting Borrower
or Borrower’s property;

    	 

    	 

    

8.5.3.     
does not and will not result in or require the creation of any adverse claim upon or with respect to any of the property of Borrower
(other than those in favor of Buyers as contemplated hereunder); and

8.5.4.     
are valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms except as
enforcement may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws presently or hereafter
in effect affecting the enforcement of creditors’ rights generally and subject to general principles of equity.

8.6.           
As of October 27, 2020, the authorized capital stock of the Company consists of: 100,000,000 authorized shares of Common Stock,
$0.001 par value per share, of which as of November 3, 2020 5,000,000 shares were issued in the aggregate to Robert Steele and
Danny Lupinelli and no other shares of common stock are issued and outstanding and there are no shares of preferred stock are
authorized or outstanding. All of such outstanding shares of capital stock of the Company and the Conversion Shares, are, or upon
issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are
subject to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances imposed
through the actions or failure to act of the Company. As of the effective date of this Agreement, (i) there are no outstanding
options, warrants, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or
other commitments or rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable
for any shares of capital stock of the Company or any of its subsidiaries, or arrangements by which the Company or any of its
Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its subsidiaries, (ii)
there are no agreements or arrangements under which the Company or any of its subsidiaries is obligated to register the sale of
any of its or their securities under the 1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained
in any security issued by the Company (or in any agreement providing rights to security holders) that will be triggered by transactions
contemplated in this Agreement. The Company has furnished to the Buyers true and correct copies of the Company’s Articles
of Incorporation as in effect on the date hereof (“Articles of Incorporation”), the Company’s By-laws,
as in effect on the date hereof (the “By-laws”), and the terms of all securities convertible into or exercisable
for Common Stock of the Company and the material rights of the holders thereof in respect thereto.

9.                 
Borrower owns or possesses or has valid rights to use all patents, patent applications, trademarks, service marks, trade names,
trademark registrations, service mark registrations, copyrights, licenses, inventions, trade secrets and similar rights (“Intellectual
Property Rights”) necessary for the conduct of the business of the Borrower as currently carried on. To the knowledge
of the Borrower, no action or use by the Borrower or any of its Subsidiaries necessary for the conduct of its business as currently
carried on will involve or give rise to any infringement of, or license or similar fees for, any Intellectual Property Rights
of others. The Borrower has not received any notice alleging any such infringement of, license or similar fees for, or conflict
with, any asserted Intellectual Property Rights of others. Borrower further represents that (i) there is no infringement, misappropriation
or violation by third parties of any of the Intellectual Property Rights owned by the Borrower; (ii) there is no pending threatened
action, suit, proceeding or claim by others challenging the rights of the Borrower in or to any such Intellectual Property Rights,
and the Borrower is unaware of any facts which would form a reasonable basis for any such claim; (iii) the Intellectual Property
Rights owned by the Borrower and the Intellectual Property Rights licensed to the Borrower have not been adjudged by a court of
competent jurisdiction invalid or unenforceable, in whole or in part, and there is no pending or threatened action, suit, proceeding
or claim by others challenging the validity or scope of any such Intellectual Property Rights, and the Borrower is unaware of
any facts which would form a reasonable basis for any such claim; (iv) there is no pending or, to the Borrower’s knowledge,
threatened action, suit, proceeding or claim by others that the Borrower infringes, misappropriates or otherwise violates any
Intellectual Property Rights or other proprietary rights of others, the Borrower has not received any written notice of such claim
and the Borrower is unaware of any other facts which would form a reasonable basis for any such claim that would, individually
or in the aggregate; and (v) no employee of the Borrower is in or has ever been in violation in any material respect of any term
of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation
agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation
relates to such employee’s employment with the Borrower, or actions undertaken by the employee while employed with the Borrower.
All material technical information developed by and belonging to the Borrower which has not been disclosed in a filed patent application
has been kept confidential. The Borrower is not a party to or bound by any options, licenses or agreements with respect to the
Intellectual Property Rights of any other person or entity. None of the technology employed by the Borrower has been obtained
or is being used by the Borrower in violation of any contractual obligation binding on the Borrower or any of its officers, directors
or employees, or otherwise in violation of the rights of any persons.

10.             
All licenses for the use of the Intellectual Property are in full force and effect in all material respects and are enforceable
by the Borrower and the other parties thereto, in accordance with their terms, except (x) as such enforceability may be limited
by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally, (y) as enforceability of
any indemnification or contribution provision may be limited under the federal and state securities laws, and (z) that the remedy
of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the
discretion of the court before which any proceeding therefor may be brought. None of such agreements or instruments has been assigned
by the Borrower, and the Borrower has not, and to the Borrower’s knowledge, no other party is in default thereunder and
no event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a default thereunder.

10.1.       
The financial statements of Borrower listed in Schedule 8.8 attached hereto and incorporated herein by this reference are
materially accurate and not misleading as of the date hereof.

10.2.       
Borrower currently has no judgments of any kind against it or its properties.

10.3.       
Borrower is not currently involved in any litigation or governmental (including any judicial) proceedings or investigations of
any kind.

    	 

    	 

    

10.4.       
The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Senior Notes in accordance with
their terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with
respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company
and will not impose personal liability upon the holder thereof

10.5.       
The Borrower understands and acknowledges the potentially dilutive effect of the Conversion Shares to the Common Stock upon the
conversion of the Senior Note. The Company further acknowledges that its obligation to issue, upon conversion of the Senior Note,
the Conversion Shares, in accordance with this Agreement, and the Senior Note are absolute and unconditional regardless of the
dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company

10.6.       
The Borrower and each of its subsidiaries has made or filed all federal, state and foreign income and all other tax returns, reports
and declarations required by any jurisdiction to which it is subject (unless and only to the extent that the Company and each
of its Subsidiaries has set aside on its books provisions reasonably adequate for the payment of all unpaid and unreported taxes)
and has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due
on such returns, reports and declarations, except those being contested in good faith and has set aside on its books provisions
reasonably adequate for the payment of all 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 know of no basis for any such claim. The Company has not executed a waiver with respect to the statute
of limitations relating to the assessment or collection of any foreign, federal, state or local tax. None of the Company’s
tax returns is presently being audited by any taxing authority

10.7.       
The Senior Notes collectively shall be a senior debt obligation of the Company, with priority in payment and performance over
all existing and future indebtedness of the Company, except for the Company’s preexisting obligations. The execution, delivery
and performance of this Agreement and the Senior Note by the Borrower and the consummation by the Company of the transactions
contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance of the Conversion Shares)
will not (i) conflict with or result in a violation of any provision of the Articles of Incorporation or By-laws, or (ii) violate
or conflict with, or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of
time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, any agreement, note, evidence of indebtedness, indenture, patent, patent license or instrument to which the Company or any
of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities is subject) applicable to the Company or any of its subsidiaries or by which any property or asset of the Company
or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect), or (iv) trigger
any anti-dilution and/or ratchet provision contained in any other contract in which the Company is a party thereto or any security
issued by the Company. Neither the Company nor any of its subsidiaries is in violation of its Articles of Incorporation, By-laws
or other organizational documents and neither the Company nor any of its subsidiaries is in default (and no event has occurred
which with notice or lapse of time or both could put the Company or any of its subsidiaries in default) under, and neither the
Company nor any of its subsidiaries has taken any action or failed to take any action that would give to others any rights of
termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of
its subsidiaries is a party or by which any property or assets of the Company or any of its subsidiaries is bound or affected,
except for possible defaults as would not, individually or in the aggregate, have a Material Adverse Effect. The businesses of
the Company and its subsidiaries, if any, are not being conducted, and shall not be conducted so long as any of the Buyers owns
any of the Securities, in violation of any law, ordinance or regulation of any governmental entity. Except as specifically contemplated
by this Agreement and as required under the 1933 Act and any applicable state securities laws, the Company is not required to
obtain any consent, authorization or order of, or make any filing or registration with, any court, governmental agency, regulatory
agency, self-regulatory organization or stock market or any third party in order for it to execute, deliver or perform any of
its obligations under this Agreement and the Senior Note in accordance with the terms hereof or thereof or to issue and sell the
Senior Note in accordance with the terms hereof and, upon conversion of the Senior Note and issue of Conversion Shares. All consents,
authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have
been obtained or effected on or prior to the date hereof

10.8.       
Except as may be set forth on Schedule 10.8 there has been since inception no material adverse change and no material adverse
development in the assets, liabilities, business, properties, operations, financial condition, results of operations, prospects
or 1934 Act reporting status of the Company or any of its Subsidiaries.

10.9.       
Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment,
decree, order, rule or regulation which in the judgment of the Company’s officers has or is expected in the future to have
a Material Adverse Effect, except as described in Schedule 8.16 attached hereto. Neither the Company nor any of its Subsidiaries
is a party to any contract or agreement which in the judgment of the Company’s officers has or is expected to have a Material
Adverse Effect, except as previously disclosed in SEC filings of the Company.

10.10.   
Except for arm’s length transactions pursuant to which the Company or any of its Subsidiaries makes payments in the ordinary
course of business upon terms no less favorable than the Company or any of its Subsidiaries could obtain from third parties, none
of the officers, directors, or employees of the Company is presently a party to any transaction with the Company or any of its
subsidiaries (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, or otherwise
requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership,
trust or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director,
trustee or partner.

10.11.   
All information relating to or concerning the Company or any of its Subsidiaries set forth in this Agreement and provided to the
Buyers otherwise in connection with the transactions contemplated hereby is true and correct in all material respects and the
Company has not omitted to state any material fact necessary in order to make the statements made herein or therein, in light
of the circumstances under which they were made, not misleading. No event or circumstance has occurred or exists with respect
to the Company or any of its subsidiaries or its or their business, properties, prospects, operations or financial conditions,
which, under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been
so publicly announced or disclosed.

    	 

    	 

    

10.12.   
The Company acknowledges and agrees that the Buyers are acting (i) severally and not jointly, and (ii) solely in the capacity
of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further
acknowledges that the Buyers are not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with
respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyers or any of their respective
representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation
and is merely incidental to the Buyers’ purchase of the Securities. The Company further represents to the Buyers that the
Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its
representatives.

10.13.   
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 in any security or solicited any offers to buy any security under circumstances that would require registration
under the 1933 Act of the issuance of the Securities to the Buyers. The issuance of the Securities to the Buyer will not be integrated
with any other issuance of the Company’s securities (past, current or future) for purposes of any shareholder approval provisions
applicable to the Company or its securities.

10.14.   
The Company has taken no action which would give rise to any claim by any person for brokerage commissions, transaction fees or
similar payments relating to this Agreement or the transactions contemplated hereby.

10.15.   
The Company agrees to file a Form D with respect to the Securities as required under Regulation D and to provide a copy thereof
to the Buyer promptly after such filing.

10.16.   
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 Buyer in order to enforce
any right or remedy under this Agreement, the Senior Note and any document, agreement or instrument contemplated thereby. Notwithstanding
any provision to the contrary contained in this Agreement, the Senior Note and any document, agreement or instrument contemplated
thereby, it is expressly agreed and provided that the total liability of the Company under this Agreement, the Senior Note or
any document, agreement or instrument contemplated thereby for payments which under applicable law are 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 which under applicable law in the nature of interest that the Company may be obligated to pay under this Agreement,
the Senior Note and any document, agreement or instrument contemplated thereby exceed such Maximum Rate. It is agreed that if
the maximum contract rate of interest allowed by law applicable to this Agreement, the Senior Note and any document, agreement
or instrument contemplated thereby 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 this Agreement, the
Senior Note and any document, agreement or instrument contemplated thereby 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 Buyer with respect to indebtedness evidenced by this Agreement, the Senior Note and any document, agreement
or instrument contemplated thereby, such excess shall be applied by the Buyer 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 Buyer’s election.

10.17.   
There are no transactions, arrangements or other relationships between and/or among the Borrower, any of its affiliates (as such
term is defined in Rule 405 of the Securities Act Regulations) and any unconsolidated entity, including, but not limited to, any
structured finance, special purpose or limited purpose entity that could reasonably be expected to materially affect the Borrower’s
or any of its Subsidiaries’ liquidity or the availability of or requirements for their capital resources.

10.18.   
All representations, warranties and covenants made by Borrower in any of the other Financing Documents hereby are incorporated
into this Agreement by this reference as if fully set forth herein, and all such other representations and warranties are true
and complete in all material respects, and all such covenants are binding and enforceable against Borrower in accordance with
their respective terms.

11.             
Borrower’s Covenants. To induce Buyers to enter into the transactions contemplated under the Financing Documents,
Borrower hereby covenants and agrees as follows:

11.1.       
Borrower shall not do, and shall use its commercially reasonable efforts not to cause or permit any other person or entity to
do, anything to impede, affect, limit or interfere with the priority, scope, validity and enforceability of the liens of Buyers
on or the security interests of Buyers in the Collateral.

    	 

    	 

    

11.2.       
In the case of a Default (as defined below), Borrower (A) shall not do, and shall use its commercially reasonable efforts not
to cause or permit any other person or entity to do, anything to impede or interfere with the collection, transfer, sale, possession,
use or operation by Buyers of the Collateral and Borrower will further promptly provide or obtain all necessary documentation,
assistance, authorizations and information needed for Buyers or its transferees or assignees to collect, transfer, sell, possess,
use or operate the Collateral, (B) will supply all additional information requested by Buyers for the transfer, sale, possession,
use or operation of any Collateral by Buyers or its transferees or assignees thereof, and (C) will instruct its employees, contractors
and agents to cooperate and assist Buyers and its applicable transferees or assignees thereof in the use, operation, transfer,
collection, possession and/or sale of the Collateral.

11.3.       
To the best knowledge of Borrower, all material information furnished by or on behalf of Borrower to Buyers in connection with
this Agreement or any Financing Document shall be true and complete in all material respects when furnished and shall not omit
to state a material fact necessary to make the statements contained therein not misleading.

11.4.       
Borrower shall provide Buyers with regular financial statements. All financial statements provided by Borrower after the date
hereof shall be materially accurate and not misleading as of the date so provided. Borrower shall promptly provide Buyers with
updated financial statements if there are any material changes to the financial condition reflected in the most recent statements
provided to Buyers.

11.5.       
For a period of three (3) years after the date of this Agreement Borrower shall retain a transfer agent and registrar acceptable
to the Buyers and promptly shall furnish to the Buyers at the Borrower’s sole cost and expense such transfer sheets of the
Borrower’s securities.

11.6.    
Borrower shall not materially alter the organizational structure, business, operations, officers or ownership of Borrower without
first obtaining the reasonable consent of Buyers, which consent shall not be unreasonably withheld or delayed.

11.7.       
Borrower shall promptly notify Buyers in the event that Borrower becomes involved or threatened with any litigation or any governmental
(including judicial) proceedings or investigations of any kind.

11.8.       
The obligations of the Borrower under the Senior Notes shall rank senior with respect to any and all Obligations incurred as of
or following the date of this Agreement and Borrower shall not do, and shall not cause or permit any other person or entity to
do, anything to impede or interfere with the priority, enforceability or validity of the liens of Buyers on or the security interests
of Buyers in the Collateral nor shall Borrower so long as it has any obligations under this Agreement or under the Senior Notes
directly or indirectly through any subsidiary or affiliate incur or suffer to exist or guarantee any indebtedness or obligation
that is senior to or pari passu with (in priority of payment and performance) of the Borrower’s obligations hereunder. Borrower
shall not transfer, encumber or grant any liens on or security interests in the Collateral without the prior written consent of
Buyers. Borrower shall not incur any material liabilities or obligations other than in the ordinary course of business without
obtaining the consent of Buyers, not to be unreasonably withheld.

11.9.       
Borrower shall operate in accordance with all of its material permits, licenses and approvals, and all material laws, rules and
regulations of any kind applicable to Borrower’s business or affairs.

11.10.
As further collateral, each of the Founders shall place all shares of capital stock of the Company owned by them (the “Escrow
Shares”) into an escrow with an attorney (the “Escrow Agent”) selected by the Buyers along with written
executed irrevocable proxies, instructions and other appropriate documents, that in the event of default under any of the outstanding
Senior Notes, the Escrow Shares may at the election be assigned, transferred and conveyed, pro rata, to the holders of the Senior
Notes. In the event of default under the Senior Notes that could cause assignment of the Escrow Shares to the holders of the Senior
Notes, such holders of the Senior Notes, pending the transfer of the Escrow Shares and pro rata to their respective interests,
shall have an irrevocable proxy to vote the Escrow Shares on all matters. Notwithstanding anything of the foregoing, the holders
of the Senior Notes shall instruct the Escrow Agent to release the Escrow Shares to the Founders upon (i) shares underlying the
Senior Notes are registered with the Securities and Exchange Commission (“SEC”) on Form S-1 (ii) the Company
obtains a trading symbol from an appropriate agency (iii) listing the shares of capital stock of the Company for trading over-the-counter
or on an exchange (iv) completing an equity capital raise of at least $3 million at a pre-money valuation of at least $10 million
(v) timely making all of the filings with the SEC required for a reporting company, for a period of not less than 12 months.

    	 

    	 

    

11.11.   
The Company will indemnify and hold harmless Buyers, from any claims that are brought or may be brought by any creditors or shareholders
of the Company.

11.12.   
Borrower shall ensure all material inventions, software, code and intellectual property that is utilized by Borrower, incorporated
into Borrower’s products or important to Borrower’s business shall be and remain the sole and exclusive property of
Borrower.

11.13.   
So long as the Borrower shall have any obligation under the Senior Notes, the Borrower shall not without the written consent of
a majority in interest of the Holders (a) pay, declare or set apart for such payment, any dividend or other distribution (whether
in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the
form of additional shares of Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution
in respect of its capital stock.

11.14.   
So long as the Borrower shall have any obligation under this Agreement or under the Senior Notes, the Borrower shall not, without
the written consent of a majority in interest of the Holders, sell, lease or otherwise dispose of any significant portion of its
assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified
use of the proceeds of disposition. Borrower acknowledges and agrees that each Buyer’s responsibility to the Borrower is
solely contractual in nature and that none of the Buyers or their affiliates shall be deemed to be acting in a fiduciary capacity
or otherwise owes any fiduciary duty to the Borrower or any of its affiliates in connection with the transactions contemplated
by this Agreement.

11.15.   
So long as the Borrower shall have any obligation under this Agreement or under the Senior Notes, Borrower shall not, without
the written consent of a majority in interest of the Holders, change the nature of its business or sell, divest, or change the
structure of any material assets other than in the ordinary course of business.

12.             
Covenants of Funding.

12.1.       The
Company shall within three months from the Closing (i) complete, file and cause to be effective a registration statement on Form
S-1 with the SEC (the “Registration Statement”), (ii) file and use best efforts to obtain a trading symbol from FINRA
or any other agency charged with such authority and (iii) use best efforts to list the shares of common stock of the Company for
trading on OTCQB or on a nationally recognized exchange such as Nasdaq.

12.2.
       The Company will timely deliver to the holder of the Senior Notes (i) annual financial
statements, audited by an independent, PCAOB-registered firm of certified public accountants, not later than 90 days following
the end of the Company’s fiscal year end, (ii) timely deliver unaudited quarterly financial statements not later than 45
days following each period covered by such reports and (iii) standard inspection rights.

12.3.       The
Company shall enter into a Registration Rights Agreement, substantially in the form attached hereto as Exhibit C pursuant to which
all of the shares issuable under the Senior Notes shall be registered in the initial registration statement with the SEC.

12.4.       The
shares of the Company’s capital stock owned by Founders, employees and consultants of the Company shall not be included
in the Company’s initial registration statement and may be registered solely upon (i) two-year anniversary of the Closing,
or (ii) upon an up-listing to a senior US exchange subject to a one-year lock-up after such up-listing. prior to the maturity
date of the Senior Notes if there is an event that constitutes the change of control, then upon demand of the holders of the Senior
Notes, the Company shall immediately repay principal and any accrued, but unpaid interest under the Senior Notes and a premium
(“Change In Control Premium” in the amount that equals to 30% of the sum of (i) outstanding principal amount of the
Senior Notes and (ii) all accrued but unpaid interest on the Senior Notes (and if not immediately paid, the Change In Control
Premium shall include default interest of 12% per annum until all sums due hereunder are paid).

12.5.       If
at any time or from time to time through December 31, 2022, the Company issues any additional securities (including, but not limited
to, any class of shares, preferred stock, warrants, rights to subscribe for shares, convertible debt or other securities convertible
into any share class, referred to below collectively as the “New Issuance”) for a consideration per share,
after giving effect to commissions, fees and other expenses (collectively “offering costs”), that is less, or which
on conversion or exercise of the underlying security is less, than the conversion price of the Senior Notes (as adjusted for changes
resulting from any forward or reverse share splits, stock dividends and similar events) (the “Down Round Price”),
the Company shall issue additional shares to holders of the Senior Notes in an amount that they would have received at the Down
Round Price, rounded up to the next whole share, on a full ratchet basis at no additional consideration (“Down Round
Issuances"). In the event that a New Issuance is made at a Down Round Price and includes both equity securities and rights
to acquire additional securities (whether in the form of warrants, options or other rights) (the “Rights”),
then as part of any full ratchet adjustment the Company shall also include, within the Down Round Issuances, that number of Rights
which holder of the Senior Note would have acquired had it participated in the New Issuance. At the option of each Buyer, after
giving effect to the foregoing full ratchet adjustments, Buyer may elect to convert its Senior Note into the securities that comprise
the New Issuances.

12.6.       No
Founder shall directly or indirectly sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration
and whether voluntarily or involuntarily or by operation of law) any interest in his shares (a “Transfer”),
except pursuant to the provisions of Annex A to this Section 12.6, attached to this Agreement. The Company shall reimburse
Buyers or pay directly to counsel for the Buyers $10,000.00 for due diligence, preparation of this Agreement and the other Financing
Documents. Additionally, Company agrees to pay reasonable fees and expenses of legal counsel who will represent all the participating
holders of the shares issued or issuable upon conversion of the Senior Notes in filing a registration statement with the SEC.

    	 

    	 

    

12.7.       The
Company shall neither take on nor assume any additional debt, issue common stock, preferred stock, warrants, or options or nor
shall the Company engage in or seek financing which utilizes any variable priced equity linked instruments without approval of
a majority of holders of the Senior Notes.

12.8.       Founders
agree to not take salaries, consulting fees, loans or payment of any kind from the Company until after full satisfaction of each
of the following conditions: (i) registration of the shares underlying the Senior Notes with the United States Securities Commission
(“SEC”) on Form S-1; (ii) obtaining a trading symbol from FINRA or its successor,; (iii) listing of the Company’s
shares of common stock for trading on OTCQB or a national securities exchange such as Nasdaq; (iv) completing an equity raise
of at least $3 million at a pre-money valuation for the Company of at least $10 million; and (v) timely having made all periodic
and other filings required of a “reporting” company with the SEC for a period of not less than 12 months.

12.9.       Failure
timely to perform any of the foregoing covenants, or of other representations and warranties contained within the Financing Documents,
shall constitute a breach of the Financing Documents that will cause a trigger of the default rate of interest rate to 18% per
annum until paid.

12.10,In
the event, the Company prepays the Senior Note before maturity date of the Senior Notes, each Buyer shall have a right (the “Right”)
for a period of 12 months from such pre-payment date (the “Right Period”), to acquire up to that number of
shares of common stock of the Company that results from dividing the principal amount of prepaid Note by $0.11 provided that the
Right may only be exercised if the Company is acquired or has entered into an agreement to be acquired or there is an event of
change of control of ownership of the Company within the Right Period.

13.             
Obligation of Borrower when Breach Discovered. Upon discovery by Borrower of any inaccuracy in or breach of any of
any Borrower’s representations, warranties or covenants under the Financing Documents, Borrower shall give prompt written
notice to Buyers of such inaccuracy or breach including reasonable detail describing such breach or inaccuracy, the anticipated
effect thereof on Borrower or its business, whether or not Borrower believes such breach or inaccuracy can be cured and if so,
the proposed nature and deadline for such cure. Notwithstanding the foregoing, the delivery of such notice and any purported potential
cure thereof shall not be deemed to create any cure right or require any forbearance by Buyers unless otherwise agreed by Buyers
or expressly provided herein.

14.             
Default. Any one or more of the following events, regardless of whether such occurrence is voluntary or involuntary
or comes about or becomes effected by operation of law or otherwise, shall be considered a “Default” by Borrower
under the terms of this Agreement (subject to the Cure Period as provided in Section 16):

14.1.       
Repayment Failure. Borrower fails to timely and fully pay all Obligations on or before the Due Date thereof or when such
other Obligations otherwise become due, and such failure to pay is not cured within seven (7) days after written notice thereof
from Buyers.

14.2.       
Incorrect Representation, Warranty, or Furnished Information. Any material representation or warranty made by Borrower
in any Financing Document proves to be incorrect or untrue in any material respect, or any material representation, information,
statements (including financial statements), reports, or data furnished or made available by or on behalf of Borrower (including
by any duly authorized attorney or accountant or employee of Borrower) in connection with any Financing Documents or the matters
contemplated hereby or thereby proves to have been untrue in any material respect, and the untruthfulness thereof was known to
Borrower at the time the representation, information, statements, reports or data was furnished to Buyers.

14.3.       
Material Breach. Borrower materially breaches or defaults with respect to any covenant, agreement, provision or condition
of this Agreement or any other Financing Document. For avoidance of doubt, the Parties acknowledge and agree that any Default
by Borrower under any Financing Documents, including any failure to register the shares underlying the Senior Notes or any other
failure relating to the listing and trading of Borrower’s common stock on a recognized trading exchange, shall constitute
a default by Borrower under all of the Financing Documents, entitling Buyers to immediately exercise the remedies provided under
Section 11.

    	 

    	 

    

14.4.       
Bankruptcy or Insolvency. A receiver, conservator, liquidator or trustee of Borrower or any of its subsidiaries is appointed
by order of decree of any court or agency or supervisory authority having jurisdiction; or any order for relief is entered against
Borrower or any if its subsidiaries under the U.S. Bankruptcy Code; or Borrower or any of its subsidiaries files for bankruptcy
protection under the U.S. Bankruptcy Code or any involuntary bankruptcy in which it or any of its subsidiaries is a named debtor
is filed; or Borrower or any of its subsidiaries is adjudicated bankrupt or insolvent; or any property of Borrower is sequestered
by court order and such order remains in effect for more than ninety (90) days; or a petition is filed by or against Borrower
or any of its subsidiaries under any state, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation,
or receivership law of any jurisdiction, whether now or hereafter in effect and such petition remains unstayed for more than ninety
(90) days

14.5.       
Default Under Other Agreements. The declaration of an event of default by any lender or other extender of credit to the
Company under any notes, loans, agreements or other instruments of the Company evidencing any debt or other obligation of the
Company (including those filed as exhibits to or described in the Company’s filings with the SEC), after the passage of
all applicable notice and cure or grace periods.

14.6.       
Failure to List Shares. The Borrower shall fail to list or fail to maintain the listing of the Borrower’s common
stock on at least one of the OTCQB Market, any other level of the OTC Markets (other than the pink sheets of OTC markets) or any
level of Nasdaq.

14.7.       
Failure to Maintain Current Financials or Failure to Comply with the 1934 Act. At any time within ten (10) business days
after the Registration Statement is declared effective SEC the Borrower shall fail to comply with the reporting requirements of
the 1934 Act and/or the Borrower shall cease to be subject to the reporting requirements of the 1934 Act. It shall be an Event
of Default under this Section 14.7 if the Borrower shall file any Notification of Late Filing on Form 12b-25 with the SEC.

15.             
Default Consequences and Remedies. Upon the occurrence of one or more Default by Borrower, and at all times thereafter,
and following the expiration of any applicable Cure Period (as defined below):

15.1.       
Default Interest. A default interest rate of fifteen percent (18%) per annum, or if less, the maximum rate then permissible
under applicable law, calculated on the basis of a three hundred sixty (360) day year, shall accrue against any unpaid Obligations.

15.2.       
Acceleration. The full Obligations, including all fees, accrued interest, costs, expenses and charges, shall become immediately
due and payable without notice or demand and the Due Date for any then outstanding Obligations shall be deemed the date of the
Default triggering such acceleration (except to the extent the default is a Non-Payment Default that is timely cured to Buyers’
reasonable satisfaction).

15.3.       
Costs and Expenses of Collection. Borrower shall be responsible for all costs incurred by Buyers in the collection of the
Obligations, including costs and expenses related to the enforcement of Buyers’ liens and security interests and foreclosure
on the Collateral, attorney fees, Buyers’ fees, and court and collection costs, if any.

15.4.       
Remedies. Buyers shall have the right to pursue any and all available legal and equitable remedies for the collection of
the Obligations and all fees, interest and penalties due and payable, including but not limited to the following:

15.4.1. 
Buyers may, at its option, exercise any or all of the remedies available to it under the UCC or any uniform commercial codes or
equivalent laws or statutes of any applicable jurisdiction.

    	 

    	 

    

15.4.2. 
Buyers may take any other action or remedy available to Buyers under applicable law or in equity, or pursuant to the terms of
this Agreement, the other Financing Documents, or otherwise.

15.4.3. 
Notwithstanding any other provisions hereof, in the event that any other creditors or shareholders of, or investors in, Borrower
take material action (which, for purposes hereof, shall mean any actions, individually or in the aggregate, that give rise to
liability of Borrower in an amount of $25,000 or more) against Borrower or initiate foreclosure proceedings against material assets
of Borrower, which actions remains unstayed or unbonded against for more than ninety (90) days, Borrower shall be deemed to have
granted to Buyers hereunder, as of the date hereof and without the requirement of any further action, a security interest in all
of Borrower’s assets in order to secure the performance by Borrower of its obligations hereunder and under the other Financing
Documents.

Following
the exercise of any of the foregoing remedies, after payment in full and satisfaction of all Obligations (including any costs
of sale, collection and enforcement), any amounts received by Buyers in excess of the Obligations shall be delivered to Borrower
or to the order directed by Borrower. Buyers may deduct from the proceeds of any sale of Collateral to a third party the amount
of any Obligations owed to Buyers pursuant to this Agreement and any other Financing Documents, or any associated agreements,
all costs and expenses associated with the removal and sale of the Collateral, including those costs, if any, incurred in repairing,
restoring, protecting, transporting or transferring the Collateral. If the proceeds from any such sale are less than the total
Obligations, the proceeds from the sale shall be applied to pay such Obligation, but Borrower will remain liable for any amounts
remaining unpaid or unsatisfied.

16.             
Cure Period. Prior to Buyers exercising any of its rights and remedies pursuant to Section 11, except in
the case of a Default arising from the failure to pay any Obligations when due (such failure being, a “Payment Default”
and any other Default being, a “Non-Payment Default”), Borrower shall have a reasonable opportunity to cure
any such Non-Payment Default for a period of ten (10) days after the date of such Non-Payment Default, or such longer period as
may be agreed to by Buyers in their reasonable discretion (the “Cure Period”), prior to Buyers having the right
to exercise any remedies hereunder; provided, that Borrower shall promptly advise Buyers of all material facts regarding
any such Non-Payment Default and the specific actions Borrower proposes to take to cure any such Non-Payment Default. Whether
any such Non-Payment Default is timely and appropriately cured will be determined by Buyers in t good faith, reasonable discretion.
Borrower shall not be entitled to any Cure Period for any Payment Default, except as herein provided or to the extent Buyers otherwise
agree in their sole and absolute discretion.

17.             
PRESENTMENT. BORROWER AND ALL PERSONS NOW OR HEREAFTER LIABLE FOR THE PAYMENT OF ANY OBLIGATIONS, INCLUDING INTERESTS,
COSTS, CHARGES, EXPENSES, FEES OR ANY OTHER AMOUNTS DUE ON THIS AGREEMENT, THE OTHER FINANCING DOCUMENTS, OR ANY PART THEREOF,
HEREBY (I) EXPRESSLY WAIVE PRESENTMENT FOR PAYMENT, NOTICE OF DISHONOR, PROTEST AND NOTICE OF PROTEST, AND (II) AGREE THAT THE
TIME FOR THE PAYMENT OR PAYMENTS OF ANY PART OF THE OBLIGATIONS MAY BE EXTENDED BY THE MUTUAL CONSENT OF THE PARTIES WITHOUT RELEASING
OR OTHERWISE AFFECTING THEIR LIABILITY ON THIS AGREEMENT, THE OTHER FINANCING DOCUMENTS, OR ANY LIEN, SECURITY INTEREST OR MORTGAGE
SECURING THE OBLIGATIONS UNDER THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENTS.

18.             
Legal Fees and Expenses. Borrower shall be responsible for its own legal, professional and out-of-pocket fees and expenses
incurred or charged in connection with the Financing Documents and for the fees of Buyers’ legal and professional fees as
set forth in this Agreement.

19.             
Governing Law; Jurisdiction; Consent to Service of Process; Waiver of Jury Trial. This Agreement and the other Financing
Documents shall be construed in accordance with, and governed in all respects by, the laws of the State of California, without
regard to its conflicts of laws rules, except with respect to the laws that apply to the perfection and enforcement of the security
interests in the Collateral, in which case the laws of the states in which the Collateral is located shall govern. Borrower hereby
irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Superior Court of the
State of California, sitting in Los Angeles, California and of the United States District Court of the Central District of California,
and any California appellate court from any thereof, in any action or proceeding arising out of or relating to any Financing Document,
or for recognition or enforcement of any judgment relating thereto or arising therefrom, and each of the parties hereto hereby
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be exclusively heard
and determined in such California State court or, to the extent permitted by applicable law, in such California federal court.
Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by applicable law. Nothing in this Agreement or
any other Financing Document or otherwise shall affect any right that Buyers may otherwise have to bring any action or proceeding
relating to this Agreement or any other Financing Document against Borrower or its properties in the courts of any jurisdiction.
Borrower hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection which
it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement
or any other Financing Document in any court referred to in this Agreement. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by applicable law, the defense of any purported inconvenient forum to the maintenance
of such action or proceeding in any such court. Each party to this Agreement irrevocably consents to service of process in any
action or proceeding arising out of or relating to any Financing Document, in the manner provided for notices (other than telecopy
or email) herein. Nothing in this Agreement or any other Financing Document will affect the right of any party to this Agreement
to serve process in any other manner permitted by applicable law.

    	 

    	 

    

20.             
Payments to Buyers. Unless a Buyer notifies Borrower that a different method of payment is desired, all payments of
any amounts owed to Buyers shall be paid by wire transfer to the bank accounts identified on Exhibit F.

21.             
Funding. The funding of the Financing Amount to Borrower (net of applicable costs and expenses, if elected by Buyers)
shall be made by wire transfer to the account identified on Exhibit G.

22.             
Notices. Unless otherwise specifically provided herein, any approval, disapproval, demand, document or other notice
or communication (“Notice”) required or permitted to be given hereunder shall be in writing and may be served
(a) personally, or (b) by commercial delivery or private courier service, or (c) by Federal Express or other national overnight
delivery service, or (d) by registered or certified mail (return receipt requested, postage prepaid), or (e) by telecopy or facsimile
transmission, to the respective addresses and numbers specified below (or such other address for Notice as any Party may provide
to the other Party from time to time pursuant to a validly delivered Notice hereunder), which Notice shall be effective (i) upon
personal delivery, (ii) the next business day after delivery to Federal Express or other national overnight delivery service for
next day delivery to the appropriate address, (iii) when received as indicated by the date on the return invoice or receipt
showing delivery, or (iv) when sent by telecopy or facsimile, with written proof of either transmittal to and receipt by
the other party or the failure of such transmission to the number designated by such party in this Section being established mechanically
by the sender at the time of transmittal or attempted transmittal. Any delivery by facsimile in which all attempted facsimile
transmissions failed shall be followed on the next business day by one of the other methods of notice set forth in this Section.
Notice of change of any address or fax numbers shall be given by written notice in the manner detailed in this Section or by email
at the addresses set forth in this Section. Rejection or other refusal to accept or the inability to deliver because of changed
address of which no Notice was given shall be deemed to constitute receipt of the Notice. All Notices to Buyers shall be copied
via email to Buyers at the address specified below. The parties’ addresses for Notices are as follows:

 

IF TO
BUYERS:Teresa Kunz

Asset
Accounting Services, LLC

IRTH Communications, LLC

Accounting

720 N 4th Street

Montpelier, ID 83254

tkunz@assetacctg.com

Office: (208) 540-5998

 

IF TO
BORROWER:Thumzup Media Corporation

711
South Carson Street, Suite 4

Carson City, NV 89701

Attention: Robert Steele, Chief Executive Officer

Email: robert@thumzupmedia.com

23.             
Representation of Certain Buyers by Law Firm. By their execution of this Agreement, all parties acknowledge
that (a) The Law Offices of Aaron A. Grunfeld and Associates (the “Firm”) has represented Hampton Growth Resources,
LLC and Westside Strategic Partners, LLC (“Hampton” and “Westside” respectively), two of the Buyers, in
connection with this Agreement, and that the Firm has not and shall not be deemed to have represented any other party, regardless
of the source of payment of some or all of the legal fees and costs of the Firm incurred for this matter, and (b) the Firm has
represented and may again in the future represent members of Hampton or Westside or their affiliates. Each of the undersigned,
their respective affiliates, (i) acknowledges that the Firm has recommended that each party to this Agreement seek separate independent
counsel, and (ii) hereby releases the Firm, each of its principals, and employees and counsel from any and all claims, costs,
damages, losses, and liabilities arising from any claim that any of them violated or owed any duty to any party other than to
Hampton and Westside by reason of any services rendered by any of them in connection with this Agreement and/or the affairs of
the Company. If a dispute arises between Hampton and Westside or their affiliates on one hand and the Company or one of more of
the other parties to this Agreement or their Affiliates on the other hand, the Firm shall not represent the Company nor any of
such other parties or any their respective Affiliates, but the Firm may represent Hampton and Westside or their Affiliates in
that dispute The Company and each of the undersigned shall indemnify, defend, and hold the Firm, each of its principals, and employees
and counsel harmless from any and all claims, costs, damages, losses, and liabilities any of them may incur arising out of or
in connection with any claim that any of them violated or owed any duty to any party by reason of any services whatsoever rendered
by any of them in connection with this Agreement and/or the affairs of the Company. The Firm and each of the principals of the
Firm shall be entitled to rely upon, and to enforce at the Company’s expense, the provisions of this Section 23, as expressed
and intended third-party beneficiaries hereof

    	 

    	 

    

24.             
Miscellaneous.

a.                  
This Agreement and the Financing Documents constitute the entire agreement between the parties hereto with respect to the subject
matter contained herein and therein and supersede all prior or contemporaneous agreements, representations and understandings
of the parties, express or implied, oral or written. This Agreement may not be amended or modified in any way except in a writing
signed by each of the parties hereto. Borrower may not assign its obligations under this Agreement without the prior written consent
of Buyers, which may be granted, conditioned or withheld in Buyers’ sole discretion. Buyers may freely pledge, assign or
transfer its rights under this Agreement or under any Note issued pursuant hereto, subject only to delivering a Notice of such
fact to Borrower as provided in Section 20. From and after any such assignment, all references to a “Buyer”
or “Buyers” herein” shall mean and include any such assignee to the extent of the rights so assigned. All provisions
herein shall be construed in all cases as a whole according to their fair meaning, neither strictly for nor against either Borrower
or Buyers and without regard for the identity of the party preparing the same. Borrower agrees to cooperate in good faith with
Buyers and its agents and representatives in all aspects of accomplishing the intent of this Agreement, including but not limited
to signing additional documents and taking other actions as may be reasonably necessary or proper for such purpose. No agency,
partnership, joint venture or other relationship is intended hereby, and no Party shall be deemed the agent, servant, employee,
partner or joint venturer of ant other Party. Borrower and Buyers shall not, in any way or for any reason be deemed to have become
a partner of the other in the conduct of its business or otherwise, or a joint venturer. Any date that falls on a legal holiday
or weekend shall not be extended until the next business day. Without limiting Buyers’ rights or remedies provided herein
or available at law or in equity, the term of this Agreement shall extend until all Obligations are paid in full and Borrower
performs all obligations that are required under this Agreement.

b.                 
This Agreement shall be deemed to be jointly drafted by the Company and the Buyers and shall not be construed against any person
as the drafter hereof. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect
the interpretation of, this Agreement.

c.                  
In the event that any provision of this Agreement, any Senior Note, or any other agreement or instrument delivered in connection
herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative
to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such
provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other
provision of this Agreement, the Senior Note, or any other agreement, certificate, instrument or document contemplated hereby
or thereby.

d.                 
This Agreement, the Senior Notes, and the instruments referenced herein contain the entire understanding of the parties with respect
to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor tany
Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
or any agreement or instrument contemplated hereby may be waived or amended other than by an instrument in writing signed by a
Buyer.

e.                  
This Agreement shall be binding upon the Borrower and its successors and assigns and shall inure to the benefit of the Buyers
and their successors and assigns.. Each transferee of the Buyers must be an “Accredited Investor” under the federal
securities laws.

f.                   
This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other person.

g.                 
The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the
closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of any of the Buyers. The Company
agrees to indemnify and hold harmless the Buyers and all their officers, directors, employees and agents for loss or damage arising
as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants
set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as
they are incurred.

h.                 
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rules of strict construction will be applied against any party.

i.                   
In consideration of the Buyers’ execution and delivery of this Agreement and acquiring the Securities hereunder, and in
addition to all of the Company’s other obligations under this Agreement or the Senior Note, the Company shall defend, protect,
indemnify and hold harmless the Buyers and their respective stockholders, partners, members, officers, directors, employees and
direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation,
those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”),
incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation
or warranty made by the Company in this Agreement, the Senior Note or any other agreement, certificate, instrument or document
contemplated hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in this Agreement,
the Senior Note or any other agreement, certificate, instrument or document contemplated hereby or thereby or (c) any cause of
action, suit or claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action
brought on behalf of the Company) and arising out of or resulting from (i) the execution, delivery, performance or enforcement
of this Agreement, the Senior Note or any other agreement, certificate, instrument or document contemplated hereby or thereby,
(ii) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance
of the Securities, or (iii) the status of the Buyer or holder of the Securities as an investor in the Company pursuant to the
transactions contemplated by this Agreement. To the extent that the foregoing undertaking by the Company may be unenforceable
for any reason, the Company shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities
that is permissible under applicable law.

    	 

    	 

    

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

k.                 
To the extent that the Company makes a payment or payments to the Buyer hereunder or pursuant to the Senior Note, or the Buyer
enforces or exercises its rights hereunder or 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
or entity under any law (including, without limitation, any bankruptcy law, foreign, 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.

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

m.               
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party. A facsimile or .pdf signature shall be considered due execution and shall be binding upon the signatory thereto with the
same force and effect as if the signature were an original, not a facsimile or .pdf signature. Delivery of a counterpart signature
hereto by facsimile or email/.pdf transmission shall be deemed validly delivery thereof. 

(remainder
of page intentionally left blank – signature page follows)

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

 

	BORROWER:	Buyers:
	 	 
	THUMZUP
    MEDIA CORPORATION	HAMPTON
    GROWTH RESOURCES, LLC
	 	 
	 	 
	By:	By:
	Name:
    Robert Steele, Chief Executive Officer	Name:                    ]
	 	 
	 	 
	 	WESTSIDE
    STRATEGIC PARTNERS, LLC
	 	 
	 	 
	 	By:____________________________
	 	Name:

         

         

         

        By:

	 	[                      ]
	 	 
	 	 
	 	 

         

        By:

	 	     ,
    [Title]

 

    	 

    	 

    

SCHEDULE
I

 

Buyers

    	 

    	 

    

 

SCHEDULE
8.8

 

Financial
Statements

 

 

 

SCHEDULE
10.8

 

No Material
Adverse Changes 

 

 

 

 

    	 

    	 

    

EXHIBIT
A

 

Term Sheet

 

    	 

    	 

    

EXHIBIT
B

 

Form of
Senior Secured Convertible Promissory Note

 

 

    	 

    	 

    

EXHIBIT
C

 

Form of
Registration Rights Agreement

    	 

    	 

    

EXHIBIT
D

 

Form of
Pledge Agreement

 

 

    	 

    	 

    

 

EXHIBIT
E

 

Accredited
Investor Questionnaire

    	 

    	 

    

EXHIBIT
F

 

Buyers’
Wire Instructions

 

    	 

    	 

    

EXHIBIT
G

 

Company’s
Wire Instructions

    	 

    	 

    

 

ANNEX
A TO SECTION 12.6

(a)              
Transfer of Shares. No Founder shall directly or indirectly sell, transfer, assign, pledge or otherwise dispose of
(whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in his shares
(a “Transfer”), except pursuant to the provisions of this Section 12.6; provided that in no event shall any
Transfer of Founder’s shares (“Shares”) pursuant to this Section 12.6be made for any consideration other than
cash payable upon consummation of such Transfer or in installments over time and no Shares may be pledged. No Founder shall consummate
any Transfer until 20 days after the later of the delivery to the Company and the Buyers of such Founder’s Offer Notice
or Sale Notice (if any), unless the parties to the Transfer have been finally determined pursuant to this Section 12.6prior to
the expiration of such 20-day period (the “Election Period”).

(b)             
First Offer Right. At least ten days prior to making any Transfer of any Shares, the transferring Founder (the “Transferring
Founder”) shall deliver a written notice (an “Offer Notice”) to the Company and the Buyers, disclosing
in reasonable detail the proposed number of Shares to be transferred (the “Offered Shares”), the proposed terms
and conditions of the Transfer and the identity of the prospective transferee(s) (if known). Company shall have the right to purchase
all (but not less than all) of the Offered Shares at the price and on the terms specified therein by delivering written notice
of such election to the Transferring Founder and the Buyers as soon as practical but in any event within ten days after the delivery
of the Offer Notice. If Company elects not to purchase all of the Offered Shares within such ten-day period, each of the Buyers
may elect to purchase all (but not less than all) of his Pro Rata Share (as defined below) of the Offered Shares at the price
and on the terms specified therein by delivering written notice of such election to the Transferring Founder as soon as practical
but in any event within 20 days after delivery of the Offer Notice. Any Offered Shares not elected to be purchased by the end
of such 20-day period shall be reoffered for the ten-day period prior to the expiration of the Election Period by the Transferring
Founder on a pro rata basis to the Buyers who have elected to purchase their Pro Rata Share and, if there are any Offered Shares
remaining after such allocation, Company shall have the right to purchase such remaining Offered Shares. If Company or any Buyers
have elected to purchase Offered Shares from the Transferring Founder, the transfer of such shares shall be consummated as soon
as practical after the delivery of the election notice(s) to the Transferring Founder, but in any event within ten days after
the expiration of the Election Period. To the extent that Company and the Buyers have not elected to purchase all of the Offered
Shares, the Transferring Founder may, within 90 days after the expiration of the Election Period and subject to the provisions
of subsection (c) and (d) below, transfer all of the Offered Shares to one or more third parties at a price no less than the price
per share specified in the Offer Notice and on other terms no more favorable to the transferees thereof than offered to Company
and the Buyers in the Offer Notice. Any Offered Shares not transferred within such 90-day period shall be reoffered to Company
and the Buyers under this Section 12.6) prior to any subsequent Transfer. The purchase price specified in any Offer Notice shall
be payable solely in cash at the closing of the transaction or in installments over time, and no Offered Shares may be pledged
except on terms and conditions satisfactory to the Buyers. Each Buyer’s “Pro Rata Share” shall be based
upon such Buyer’s proportionate ownership of all Senior Notes acquired hereunder. By way of illustration, if a Buyer acquired
twenty five percent (25%) of the Senior Notes Buyer’s Pro Rata Share would equal twenty five percent (25%) of the Offered
Shares

(c)              
Right to Co-Sale.

 

(i)To
the extent Company and the Buyers do not exercise their respective purchase options as to all of the Offered Shares hereunder,
then each of the Buyers (each a “Co-selling Buyer” for purposes of this subsection (c)) who notifies the Transferring
Founder in writing within fifteen (15) days after receipt of the Offer Notice referred to in Section (b) above, shall have the
right to participate in such sale of the Offered Shares on the same terms and conditions as specified in the Offer Notice. Such
Co-selling Buyer’s notice to the Transferring Founder shall indicate the number of Shares the Co-selling Buyer
wishes to sell under his or its right to participate. To the extent one or more of the Buyers exercise such right of participation
in accordance with the terms and conditions set forth below, the number of Shares that the Transferring Founder may sell shall
be correspondingly reduced.

 

(ii)Each
Co-selling Buyer may sell all or any part of that number of Shares equal to the product obtained by multiplying (A) the
aggregate number of Shares covered by the Offering Notice by (B) a fraction, the numerator of which is the number of Shares
same in the class as the Offered Shares owned by the Transferring Founder on the date of the Offer Notice and the denominator
of which is the total number of Shares of that Class.

 

(iii)Each
Co-selling Buyer shall effect its participation in the sale by promptly delivering to the Transferring Founder for transfer
to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent the number of Shares which
such Co-selling Buyer elects to sell.

 

(iv)The
stock certificate or certificates that the Co-selling Buyer delivers to the Transferring Founder pursuant to Section (c)(iii)
shall be transferred to the prospective purchaser in consummation of the sale of the Shares pursuant to the terms and conditions
specified in the Offer Notice, and the Transferring Founder shall concurrently therewith remit to such Co-selling Buyer
that portion of the sale proceeds to which such Co-selling Buyer is entitled by reason of its participation in such sale.
To the extent that any prospective purchaser prohibits such assignment or otherwise refuses to purchase Shares or other securities
from a Co-selling Buyer exercising its rights of co-sale hereunder, the Transferring Founder shall not sell to such prospective
purchaser any Shares unless and until, simultaneously with such sale, the Transferring Founder shall purchase such Shares or other
securities from such Co-selling Buyer for the same consideration and on the same terms and conditions as the proposed transfer
described in the Offer Notice.Exhibit 10.2

 

FORM OF CONVERTIBLE PROMISSORY NOTE 

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS DOCUMENT NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (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 AND
REASONABLY APPROVED BY THE COMPANY), 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. 

 

SENIOR
SECURED CONVERTIBLE PROMISSORY NOTE 

November
, 2020

		$	

Note
No. 1 

 

FOR
VALUE RECEIVED, Thumzup Media Corporation, a Nevada corporation (“Borrower” or the “Company”),
hereby promises to pay to the order of [ ]., [ ] having an address set forth in the NPA (as defined below), or its successors
or assigns (the “Holder”), the principal amount of ____ Thousand and 00/100 United States Dollars ($ ,000.00)
on or before November , 2021 (the “Maturity Date”), and to pay interest on the unpaid principal balance
hereof at the rate of eight percent (8%) per annum (the “Applicable Rate”) commencing as of the date the proceeds
hereunder are funded to the Company (the “Funding Date”), in accordance with the terms hereof. This Senior
Secured Convertible Promissory Note is one of several identical notes amounting in the aggregate to $200,000 as set forth in the
NPA (this note, and all modifications, extensions, future advances, supplements, and renewals thereof, and any substitutions therefor,
hereinafter referred to as the “Note”, and collectively with other notes, the “Notes”) shall
be payable in accordance with the terms set forth below. This Note is the “Senior Note” referenced in that certain
Note Purchase and Security Agreement executed on the date hereof by and between the Company and the Holder (the “NPA”).
This Note is subject to the terms and conditions contained in the NPA. (Any term not defined herein shall have the meaning set
forth in the NPA.) This Note together with the other Notes shall be a senior obligation of the Borrower with priority over all
future Indebtedness (as defined below) of the Company as provided for herein.

 

		1.	Payments
                                         of Principal and Interest.

(a)              
Payment of Principal. The principal amount of this Note shall be paid to the Holder on or prior to the Maturity Date.

(b)              
Payment of Interest. Interest on the unpaid principal balance of this Note shall be paid quarterly through the Maturity
Date in cash or in shares of common stock. If interest in paid in the shares of common stock of the Company, the number of shares
shall be determined based on $0.11 price per share rounded up to the next whole share. By way of example, if the amount of interest
due is $1,000, than the Company shall deliver to the Buyer 9,091 shares of common stock ($1,000/$0.11). Interest shall accrue
at the Applicable Rate commencing on the Funding Date. Interest shall be computed on the basis of a 360-day year and paid for
the actual number of days elapsed. Any accrued but unpaid interest shall, at the option of the Holder, be included, from time
to time, in the Conversion Amount (as defined herein).

(c)              
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest
from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus six percent (6%)
per annum (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of
the Holder, be included, from time to time, in the Conversion Amount.

(d)              
General Payment Provisions. All payments of principal and interest on this Note shall be made in lawful money of the United
States of America by certified bank check or wire transfer to such account as the Holder may designate by written notice to the
Company in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due
on any day which is not a Business Day, the same shall instead be due on the next succeeding Business Day. For purposes of this
Note, “Business Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State
of California are authorized or required by law or executive order to remain closed.

(e)              
Prepayment. At any time prior to the Maturity Date and/or the Conversion Date, the Company, after first providing 30 days
prior written notice may pre-pay this Note and all other then outstanding Notes in full or in part by paying one hundred thirty
percent (130%) of (i) the then outstanding principal amount being prepaid plus (ii) accrued and unpaid interest on that principal
amount and prepaying each of the Notes in the same ratio as being proposed for this Note. If pre-payment is offered, the Holders
may elect to convert into shares of common stock instead of accepting pre-payment. Upon prepayment of this Note in full, the Holder
shall have no further rights under this Note (except for such rights that may specifically survive the payment of the Note and
all rights granted to Buyers under the NPA), including no rights of conversion.

    	 

    	 

    

(f)                
Right. In the event the Company repays the Senior Note, each Buyer/Noteholder, shall have a right (the “Right”)
for a period of 12 months from such repayment date (the “Right Period”), to acquire up to that number of shares of
common stock of the Company that results from dividing the principal amount of prepaid Note by $0.11 per share, which will be
adjusted for any stock splits and recapitalizations. 

2.
       Conversion of Note. At any time and from time to time while this Note is outstanding,
this Note, at the sole option of the Holder, may be converted into shares of the common stock, $0.001 par value per share (the
“Common Stock”) of the Company, or any shares of capital stock or other securities of the Borrower into which
such Common Stock shall hereafter be changed or reclassified, at the Conversion Price (as defined below) determined as provided
herein (a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert
any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of
Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially
owned through the ownership of the unconverted portion of this Note or the unexercised or unconverted portion of any other security
of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number
of Conversion Shares issuable upon the conversion of the portion of this Note with respect to which the determination of this
proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.50% of the then outstanding
shares of Common Stock. For purposes of the proviso set forth in the immediately preceding sentence, beneficial ownership shall
be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”),
and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso, provided, however,
that the limitations on conversion may be waived by the Holder upon, at the election of the Holder, not less than 61 days’
prior notice to the Borrower, and the provisions of the conversion limitation shall continue to apply until such 61st day (or
such later date, as determined by the Holder, as may be specified in such notice of waiver). The number of Conversion Shares to
be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable
Conversion Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A
(the “Notice of Conversion”), delivered to the Borrower by the Holder; provided that the Notice of Conversion
is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower
before 4:00 p.m., Los Angeles time on such conversion date (the “Conversion Date”). The term “Conversion Amount”
means, with respect to any conversion of this Note, the sum of (1) the Principal Amount of this Note to be converted in such conversion
plus (2) at the Holder’s option, accrued and unpaid interest, if any, on such Principal Amount at the Interest Rate
to the Conversion Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred to in
the immediately preceding clauses (1) and/or (2).

 

(a)              
Calculation of Conversion Price. The per share conversion price into which Principal Amount
and interest (including any Default Interest) under this Note shall be convertible into shares of Common Stock hereunder (the
“Conversion Price”) shall be equal to $0.11 cents per share. Upon any issuance by the Company of common stock, or
a security that is convertible into common stock, at a price lower than a net receipt to the Company of $0.11 per share (a “Down
Round Financing”), then the Conversion Price shall be adjusted to equal the price per share of the Down Round Financing
.. By way of example, if the Company issues stock or securities convertible into common stock at $0.073 per share following the
Funding Date the Conversion Price shall be adjusted to $0.073 per share. The Conversion Price will be further subject to proportional
adjustment for stock splits, reverse stock splits or combinations of shares, stock dividends, and the like Holder shall
submit a Notice of Conversion. If a Down Round Financing or other financing transaction results in the issuances of warrants to
acquire securities or other rights then Holder shall also have the right to convert amounts due hereunder into such securities
and rights.

(b)              
Mechanics of Conversion. The conversion of this Note shall be conducted in the following manner:

(1)              
Holder's Delivery Requirements. To convert this Note into shares of Common Stock on any date set forth in the Notice of
Conversion by the Holder (the “Conversion Date”), the Holder shall: (A) transmit by facsimile or electronic
mail (or otherwise deliver) a copy of the fully executed Notice of Conversion to the Company (or, under certain circumstances
as set forth below, by delivery of the Notice of Conversion to the Company’s transfer agent); and (B) upon receipt by the
Holder of the Conversion Shares, surrender the original Note to a nationally recognized overnight courier for delivery to the
Company.

    	 

    	 

    

(2)              
Obligation of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a Notice
of Conversion, the Holder shall be deemed to be the holder of record of the Conversion Shares issuable upon such conversion, the
outstanding Principal Amount and the amount of accrued and unpaid interest (including any Default Interest) under this Note shall
be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations under this Note, all rights with respect
to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock or other
securities, cash or other assets, as herein provided, on such conversion. Upon receipt by the Company of a copy of a Notice
of Conversion, the Company shall as soon as practicable, but in no event later than two (2) Business Days after receipt of such
Notice of Conversion, send, via facsimile or electronic mail (or otherwise deliver) a confirmation of receipt of such Notice of
Conversion (the “Conversion Confirmation”) to the Holder indicating that the Company will process such Notice
of Conversion in accordance with the terms herein. Within five (5) Business Days after the date of the Conversion Confirmation
(or the date of the Notice of Conversion, if the Company fails to issue the Conversion Confirmation) the Company shall issue and
deliver or cause to be issued and delivered Conversion Shares to the Holder. If less than the full principal and accrued but unpaid
interest amount of this Note is submitted for conversion, then the Company shall within five (5) Business Days after receipt of
the original Note, at its own expense, issue and deliver to the Holder a new Note for the outstanding principal and interest amount
not so converted; provided that such new Note shall be substantially in the same form as this Note.

(3)              
Record Holder. The Person(s) entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall
be treated for all purposes as the record holder(s) of such shares of Common Stock as of the Conversion Date.

(4)              
Delivery of Conversion Shares by Electronic Transfer; Failure to Deliver Certificates. In lieu of delivering physical certificates
representing the Conversion Shares issuable upon conversion hereof, provided the Borrower is participating in the Depository Trust
Company (“DTC”) Fast Automated Securities Transfer or Deposit/Withdrawal
at Custodian programs, upon request of the Holder and its compliance with the provisions herein contained the Borrower
shall use its reasonable commercial efforts to cause its transfer agent to electronically transmit the Conversion Shares issuable
upon conversion hereof to the Holder by crediting the account of Holder’s Prime Broker with DTC through its Deposit Withdrawal
Agent Commission system If in the case of any Notice of Conversion where physical certificates representing Conversion Shares
are being delivered. , if the certificate or certificates are not delivered to or as directed by the Holder by the date required
hereby, 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, 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 representing the
principal amount of this Note unsuccessfully tendered for conversion to the Company.

 

(5)              
Transfer Taxes. 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, or any other issuance or transfer fees of any nature or
kind that may be payable in respect of the issue or delivery of such certificates, any such taxes or fees, if payable, to be paid
by the Company.

(c)              
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 entity 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 or entity of any obligation to the Company or any violation
or alleged violation of law by the Holder or any other person or entity, 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 amount hereof and accrued
but unpaid interest thereon in accordance with the terms of this Note, 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 law, agreement 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 and obtained, and the Company posts a surety bond for the benefit of the Holder in the amount
of 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 such Holder
to the extent it obtains judgment. In the absence of such injunction, the Company shall issue Conversion Shares upon a properly
noticed conversion. If the Company fails for any reason to deliver to the Holder such certificate or certificates representing
Conversion Shares pursuant to timing and delivery requirements of this Note, the Company shall pay to such Holder, in cash, as
liquidated damages and not as a penalty, for each $1,000 of principal amount being converted, $1.00 per day for each day after
the date by which such certificates should have been delivered until such certificates are delivered. Nothing herein shall limit
Holder’s right to pursue actual damages or declare an Event of Default pursuant to this Note or any agreement securing the
indebtedness under this Note for the Company’s failure to deliver Conversion Shares within the period specified herein and
such 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. Nothing herein shall prevent the Holder
from having the Conversion Shares issued directly by the Company’s transfer agent, in the event for any reason the Company
fails to issue or deliver, or cause its transfer agent to issue and deliver, the Conversion Shares to the Holder upon exercise
of Holder’s conversion rights hereunder.

    	 

    	 

    

 

(d)              
Concerning the Shares. The Conversion Shares issuable upon conversion of this Note may not be sold or transferred unless
(i) such shares are sold pursuant to an effective registration statement under the 1933 Act or (ii) the Borrower or its transfer
agent shall have been furnished with an opinion of counsel to the effect that the shares to be sold or transferred may be sold
or transferred pursuant to an exemption from such registration or (iii) such shares are sold or transferred pursuant to Rule 144,
Rule 144A or Regulation S or (iv) such shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower
who agrees to sell or otherwise transfer the shares only in accordance with this Section and who is an Accredited Investor (as
defined in the Purchase Agreement). Except as otherwise provided in the Purchase Agreement (and subject to the removal provisions
set forth below), until such time as the Conversion Shares have been registered under the 1933 Act or otherwise may be sold pursuant
to Rule 144, Rule 144A or Regulation S without any restriction as to the number of securities as of a particular date that can
then be immediately sold, each certificate for the Conversion Shares that has not been so included in an effective registration
statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal of the
legend, shall bear a legend substantially in the following form, as appropriate:

“NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE
SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.
THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (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 MAY BE THE LEGAL
COUNSEL OPINION (AS DEFINED IN THE PURCHASE AGREEMENT)), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER
SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A OR REGULATION S 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.”

(e)              
The legend set forth above shall be removed and the Company shall issue to the Holder a
certificate for the applicable Conversion Shares without such legend upon which it is stamped or (as requested by the Holder)
issue the applicable Conversion Shares by electronic delivery by crediting the account
of such holder’s broker with DTC, if, unless otherwise required by applicable state
securities laws: (a) such Conversion Shares are registered for sale under an effective registration statement filed under the
1933 Act or otherwise may be sold pursuant to Rule 144, Rule 144A or Regulation S without any restriction as to the number of
securities as of a particular date that can then be immediately sold, or (b) the Company or the Holder provides the an opinion
of legal to the effect that a public sale or transfer of such Conversion Shares may be made without registration under the 1933
Act, which opinion shall be accepted by the Company so that the sale or transfer is effected. The Company shall be responsible
for the fees of its transfer agent and all DTC fees associated with any such issuance. The
Holder agrees to sell all Conversion Shares, including those represented by a certificate(s) from which the legend has been removed,
in compliance with applicable prospectus delivery requirements, if any. In the event that the Company does not accept
the opinion of counsel provided by the Holder with respect to the transfer of Conversion
Shares pursuant to an exemption from registration, such as Rule 144, Rule 144A or Regulation S, at the Deadline, notwithstanding
that the conditions of Rule 144, Rule 144A or Regulation S, as applicable, have been met, it will be considered an Event of Default
under this Note.

(f)               
Adjustments to Conversion Price.

(1)              
Stock Dividends and Stock Splits. In addition to any change in Conversion Price resulting from a Down Round Financing or
other financing transaction described in section 2 hereinabove, 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 outstanding shares
of Common Stock, (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 Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be
multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock (excluding any treasury shares
of the Company) outstanding immediately before such event, and the denominator of which 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.

    	 

    	 

    

 

(2)              
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, 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 one (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 one (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. 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 and insuring that this Note
(or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction.

 

(3)              
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Note, the Company
shall promptly deliver to Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement
of the facts requiring such adjustment.

 

(4)              
Notice to Allow Conversion by Holder. If: (A) the Company shall declare a dividend (or any other distribution 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, of 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 Company’s records, at least thirty (30) 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, 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 such reclassification, consolidation,
merger, sale, transfer or share exchange, 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. The Holder is entitled
to convert this Note during the 10-day period commencing on the date of such notice through the effective date of the event triggering
such notice.

    	 

    	 

    

 

(g)              
Reservation of Common Stock. The Company
shall reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting
the conversion of this Note, such number of shares of Common Stock as shall from time to time be sufficient to effect such conversion,
based upon the Conversion Price (the “Reserved Amount”). The Borrower represents that
upon issuance, the Conversion Shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower
shall issue any securities or make any change to its capital structure which would change the number of Conversion Shares into
which this Note shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision
so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive
rights, for conversion of this Note. If, at any time the Borrower does not maintain the Reserved Amount it will be considered
an Event of Default under this Note.

3.                  
Voting Rights. The Holder shall have no voting rights under this Note, except as required by applicable law, including,
but not limited to, the California General Corporations Law, and as expressly provided in this Note.

4.                  
Defaults and Remedies.

(a)              
Events of Default. The occurrence of any of the following events shall constitute an “Event of Default”
hereunder:

(1)              
Nonpayment of Obligations. Any amount due and owing on this Note or the other Notes, whether by its terms or as otherwise
provided herein or therein, is not paid on the date such amount is due.

(2)              
Misrepresentation. Any written warranty, representation, certificate or statement of the Company in this Agreement, the
Security Documents (as defined below) or any other agreement with Holder shall be false or misleading in any material respect
when made or deemed made.

(3)              
Nonperformance. Any failure to perform or default in the performance of any covenant, condition or agreement contained
in this Note or in any of the other Notes, which failure to perform or default in performance continues for a period of fifteen
(15) days after the Company receives notice or knowledge from any source of such failure to perform or default in performance
(provided that if the failure to perform or default in performance is not capable of being cured, in Holder’s sole discretion,
then the cure period set forth herein shall not be applicable and the failure or default shall be an immediate Event of Default
hereunder).

(4)              
Default under Loan Documents. Any failure to perform or default in the performance by the Company that continues after
applicable grace and cure periods under any covenant, condition or agreement contained in the NPA or any other agreement with
Holder (collectively “Loan Documents”), all of which covenants, conditions and agreements are hereby incorporated
in this Agreement by express reference.

(5)              
Assignment for Creditors. The Company makes an assignment for the benefit of creditors, fails to pay, or admits in writing
its inability to pay its debts as they mature; or if a trustee of any substantial part of the assets of the Company is applied
for or appointed, and in the case of such trustee being appointed in a proceeding brought against the Company, the Company by
any action or failure to act indicates its approval of, consent to, or acquiescence in such appointment and such appointment is
not vacated, stayed on appeal or otherwise shall not have ceased to continue in effect within sixty (60) days after the date of
such appointment.

(6)              
Bankruptcy. Any proceeding involving the Company is commenced by or against the Company under any bankruptcy, reorganization,
arrangement, insolvency, readjustment of debt, dissolution or liquidation law or statute of the federal government or any state
government, and in the case of any such proceeding being instituted against the Company: (i) the Company, by any action or failure
to act, indicates its approval of, consent to or acquiescence therein; or (ii) an order shall be entered approving the petition
in such Proceedings and such order is not vacated, stayed on appeal or otherwise shall not have ceased to continue in effect within
sixty (60) days after the entry thereof.

(7)              
Material Adverse Effect. The occurrence of (i) a material adverse change in, or a material adverse effect upon, the assets,
business, prospects, properties, financial condition or results of operations of Borrower, taken as a whole; (ii) a material impairment
of the ability of Borrower, taken as a whole, to perform their Obligations under any of the Loan Documents; (iii) a material adverse
effect on: (A) any material portion of the Collateral; (B) the legality, validity, binding effect or enforceability against a
Borrower of any of the Loan Documents; (C) the perfection or priority (subject to Permitted Liens) of any Lien granted to Holder
under any Loan Document; or (D) the rights or remedies of Holder under any Loan Document, to the extent such material adverse
effect or impairment is caused as a direct result of any action or inaction by any Borrower (a “Material Adverse Effect”).
For purposes of determining whether any of the foregoing changes, effects, impairments, or other events have occurred, such determination
shall be made by Holder, in its sole, but reasonably exercised, discretion.

    	 

    	 

    

(8)              
Collateral Impairment. The entry of any judgment, decree, levy, attachment, garnishment or other process, or the filing
of any lien against, any of the Collateral or any collateral under a separate security agreement securing any of the obligations
hereunder, and such judgment or other process shall not have been, within thirty (30) days from the entry thereof: (i) bonded
over to the satisfaction of Holder and appealed; (ii) vacated; or (iii) discharged, or the loss, theft, destruction, seizure or
forfeiture, or the occurrence of any material deterioration or impairment of any of the Collateral or any of the Collateral under
any security agreement securing any of the obligations hereunder, or any material decline or depreciation in the value or market
price thereof (whether actual or reasonably anticipated), which causes the Collateral, in the sole opinion of Holder acting in
good faith, to become unsatisfactory as to value or character, or which causes Holder to reasonably believe that it is insecure
and that the likelihood for repayment of the obligations hereunder is or will soon be impaired, time being of the essence. The
cause of such deterioration, impairment, decline or depreciation shall include, but is not limited to, the failure by the Company
to do any act deemed reasonably necessary by Holder to preserve and maintain the value and collectability of the Collateral.

(b)              
Remedies. Upon the occurrence and during the continuance of an Event of Default, Holder shall have all rights, powers and
remedies set forth in this Note and the Security Agreement, in any written agreement or instrument (other than this Agreement
or the Security Documents) relating to any of the obligations or any security therefor, or as otherwise provided at law or in
equity. Without limiting the generality of the foregoing, Holder may, at its option and without further notice, demand or presentment
for payment to the Company or others, may declare the then outstanding principal balance of this Note, together with all other
sums due under the Note, immediately due and payable, together with all accrued and unpaid interest thereon and thereafter all
such sums shall bear interest at the Default Rate, together with all reasonable attorneys’ fees, paralegals’ fees
and costs and expenses incurred by the Holder in collecting or enforcing payment thereof (whether such reasonable fees, costs
or expenses are incurred in negotiations, all trial and appellate levels, administrative proceedings, bankruptcy proceedings or
otherwise), and all other sums due by the Company hereunder, all without any relief whatsoever from any valuation or appraisement
laws and payment thereof may be enforced and recovered in whole or in part at any time by one or more of the remedies provided
to the Holder at law, in equity, or under this Note. No Event of Default shall be waived by Holder, except and unless such waiver
is in writing and signed by Holder. No failure or delay on the part of Holder in exercising any right, power or remedy hereunder
shall operate as a waiver of the exercise of the same or any other right at any other time; nor shall any single or partial exercise
of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or
remedy hereunder. There shall be no obligation on the part of Holder to exercise any remedy available to Holder in any order.
The remedies provided for herein are cumulative and not exclusive of any remedies provided at law or in equity. Borrower agrees
that in the event that any Borrower fails to perform, observe or discharge any of its Obligations or liabilities under this Agreement,
the Revolving Note, and other Loan Documents, or any other agreements with Holder, no remedy of law will provide adequate relief
to Holder, and further agrees that Holder shall be entitled to temporary and permanent injunctive relief in any such case without
the necessity of proving actual damages.

6.                  
Security for the Note. To secure the payment and performance by the Company of the obligations hereunder, the Company grants,
under and pursuant to the NPA executed by the Company dated as of the date hereof, to Holder, its successors and assigns, a continuing,
first-priority security interest in, and does hereby assign, transfer, mortgage, convey, pledge, hypothecate and set over to Holder,
its successors and assigns, all of the right, title and interest of the Company in and to the Collateral (as defined in the Security
Agreement), whether now owned or hereafter acquired, and all proceeds (including, without limitation, all insurance proceeds)
and products of any of the Collateral. At any time upon Holder’s request, the Company shall execute and deliver to Holder
any other documents, instruments or certificates requested by Holder for the purpose of properly documenting and perfecting the
security interests of Holder in and to the Collateral granted hereunder, including any additional security agreements, mortgages,
control agreements, and financing statements (collectively “Security Documents”).

7.                  
Lost or Stolen Note. Upon notice to the Company of the loss, theft, destruction or mutilation of this Note, and, in the
case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably acceptable
to the Company and customary for similar circumstances in commercial Holder/borrower circumstances, and, in the case of mutilation,
upon surrender and cancellation of the Note, the Company shall execute and deliver a new Note of like tenor and date and in substantially
the same form as this Note; provided, however, the Company shall not be obligated to re-issue a Note if the Holder contemporaneously
requests the Company to convert such remaining principal amount and interest into Common Stock.

    	 

    	 

    

8.                  
Cancellation. After all principal, accrued interest and all other sums at any time owed on this Note have been paid in
full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be
re-issued.

9.                  
Governing Law. This Note shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Note shall be governed by, the laws of the State of California, without giving
effect to provisions thereof regarding conflict of laws. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction
of the state and federal courts sitting in the State of California 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 suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such
suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper,
provided, however, nothing contained herein shall limit the Holder’s ability to bring suit or enforce this Note in any other
jurisdiction. Each party hereto hereby irrevocably waives personal service of process and consents to process being served in
any such suit, action or proceeding by sending by certified mail or overnight courier a copy thereof to such party at the address
indicated in the preamble hereto 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 manner permitted by law.

10.              
Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies of the Holder as provided
herein shall be cumulative and concurrent and may be pursued singly, successively or together, at the sole discretion of the Holder,
and may be exercised as often as occasion therefor shall occur; and the failure to exercise any such right or remedy shall in
no event be construed as a waiver or release thereof.

11.              
Specific Shall Not Limit General; Construction. No specific provision contained in this Note shall limit or modify any
more general provision contained herein. This Note shall be deemed to be jointly drafted by the Company and the Holder and shall
not be construed against any person as the drafter hereof.

12.              
Failure or Indulgence Not Waiver. Holder shall not be deemed, by any act of omission or commission, to have waived any
of its rights or remedies hereunder, unless such waiver is in writing and signed by Holder, and then only to the extent specifically
set forth in the writing. A waiver on one event shall not be construed as continuing or as a bar to or waiver of any right or
remedy to a subsequent event.

13.              
Notice. Notice shall be given to each party at the address indicated in the preamble hereto or at such other address as
provided to the other party in writing.

14.              
Usury Savings Clause. In the event the total liability of payments of interest and payments in the nature of interest,
including, without limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest, shall,
for any reason whatsoever, result in an effective rate of interest, which for any month or other interest payment period exceeds
the limit imposed by the usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible
as interest for the period in question shall, without further agreement or notice by, between, or to any party hereto, be applied
to the reduction of the outstanding principal balance of this Note immediately upon receipt of such sums by the Holder hereof,
with the same force and effect as though the Company had specifically designated such excess sums to be so applied to the reduction
of such outstanding principal balance and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal;
provided, however, that the Holder of this Note may, at any time and from time to time, elect, by notice in writing to the Company,
to waive, reduce, or limit the collection of any sums in excess of those lawfully collectible as interest rather than accept such
sums as a prepayment of the outstanding principal balance. It is the intention of the parties that the Company does not intend
or expect to pay nor does the Holder intend or expect to charge or collect any interest under this Note greater than the highest
non-usurious rate of interest that may be charged under applicable law.

    	 

    	 

    

15.              
Binding Effect. This Note shall be binding upon the Company and the successors and assigns of the Company and shall inure
to the benefit of Holder and the successors and assigns of Holder.

16.              
Severability. In the event any one or more of the provisions of this Note shall for any reason be held to be invalid, illegal,
or unenforceable, in whole or in part, in any respect, or in the event that any one or more of the provisions of this Note operates
or would prospectively operate to invalidate this Note, then and in any of those events, only such provision or provisions shall
be deemed null and void and shall not affect any other provision of this Note. The remaining provisions of this Note shall remain
operative and in full force and effect and shall in no way be affected, prejudiced, or disturbed thereby.

17.              
Participations. Holder may from time to time sell or assign, in whole or in part, or grant participations in this Note
and/or the obligations evidenced hereby, subject, however, to first obtaining the Company’s written consent. The holder
of any such sale, assignment or participation, if the applicable agreement between Holder and such holder so provides, shall be:
(a) entitled to all of the rights, obligations and benefits of Holder (to the extent of such holder’s interest or participation);
and (b) deemed to hold and may exercise the rights of setoff or banker’s lien with respect to any and all obligations of
such holder to the Company (to the extent of such holder’s interest or participation), in each case as fully as though the
Company was directly indebted to such holder.

18.              
Amendments. The provisions of this Note may be changed only by a written agreement executed by the Company and Holder.

    	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this Note to be executed on and as of the date set forth above.

THUMZUP
MEDIA CORPORATION 

By:
_________________________________

Name:

Title:

 

 

 

 

[signature
page to Promissory Note] 

    	 

    	 

    

EXHIBIT
A

NOTICE
OF CONVERSION 

The
undersigned hereby elects to convert principal and/or interest under the Convertible Promissory Note (the “Note”)
of Thumzup Media Corporation, a Nevada corporation (the “Company”), into shares of common stock, $0.001 par
value per share (the “Common Shares”), of the Company in accordance with the conditions of the Note, as of
the date written below.

Conversion
calculations 

	Effective
    Date of Conversion:  	_______________________
    
	Principal
    Amount and/or Interest to be Converted:  	_______________________
    
	Conversion
    Price Per Share:  	_______________________
    
	Number
    of Common Shares to be Issued:  	_______________________
    

 

[
HOLDER ] 

By:
_____________________________

Name:
__________________________

Title:
____________________________

Address:
_________________________

__________________________

__________________________

DATE:

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