Document:

Exhibit

PLANTRONICS, INC.
2003 STOCK PLAN

Amended and restated effective May 6, 2019

		
	SECTION 1.
	PURPOSES AND DEFINITIONS

		
	1.1
	Purposes of the Plan.  The purposes of this 2003 Stock Plan are:

		
	(A)
	to attract and retain the best available personnel for positions of substantial responsibility,

		
	(B)
	to provide additional incentive to Employees, Directors and Consultants, and

		
	(C)
	to promote the success of the Company’s business.

		
	1.2
	The Plan permits the Administrator to grant Options, Restricted Stock Awards, and Restricted Stock Units.

		
	1.3
	Definitions.  As used herein, the following definitions shall apply:

		
	(A)
	“Administrator” means the Board or any Committees as shall be administering the Plan, in accordance with Section 2.2.

		
	(B)
	“Applicable Laws” means the requirements relating to the administration of equity based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan.

		
	(C)
	“Award” means, individually or collectively, a grant under the Plan of Options, Restricted Stock Awards, and Restricted Stock Units.

		
	(D)
	“Award Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan, for purposes of clarification, and shall include an Option Agreement, a Restricted Stock Award Agreement, and Restricted Stock Unit Agreement, as applicable. The Award Agreement is subject to the terms and conditions of the Plan.

		
	(E)
	“Board” means the Board of Directors of the Company.

		
	(F)
	“Change in Control” means the occurrence of any of the following events:

		
	(i)
	Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; or

		
	(ii)
	The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; or

		
	(iii)
	A change in the composition of the Board occurring within a two-year period, as a result of which fewer than a majority of the Directors are Incumbent Directors.  “Incumbent Directors” means Directors who either (A) are Directors as of the effective date of the Plan, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of Directors to the Company); or

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	(iv)
	The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

		
	(G)
	“Code” means the Internal Revenue Code of 1986, as amended.

		
	(H)
	“Committee” means a committee of individuals appointed by the Board in accordance with Section 2.2.

		
	(I)
	“Common Stock” means the common stock of the Company.

		
	(J)
	“Company” means Plantronics, Inc., a Delaware corporation.

		
	(K)
	“Consultant” means any natural person, including an advisor, engaged, directly or indirectly, by the Company or a Parent or Subsidiary to render services to such entity.

		
	(L)
	“Director” means a member of the Board.

		
	(M)
	“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code.

		
	(N)
	“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company.  Neither service as a Director nor payment of a Director’s fee by the Company shall be sufficient to constitute “employment” by the Company.

		
	(O)
	“Exchange Act” means the Securities Exchange Act of 1934, as amended.

		
	(P)
	“Fair Market Value” means, as of any date, the value of Common Stock determined as follows:

		
	(i)
	If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the New York Stock Exchange (NYSE), its Fair Market Value shall be the closing sales price a Share (or the closing bid, if no sales were reported) as quoted on such exchange or system for the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

		
	(ii)
	If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Common Stock on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or

		
	(iii)
	In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator 

		
	(Q)
	“Fiscal Year” means the fiscal year of the Company.

		
	(R)
	“Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an "incentive stock option" under Section 422 of the Code.

		
	(S)
	“Notice of Grant” means a written or electronic notice evidencing certain terms and conditions of the grant of an individual Option, a Restricted Stock Award, and Restricted Stock Unit.  The Notice of Grant is part of the agreement evidencing the terms and conditions of a specific grant.

		
	(T)
	“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

		
	(U)
	“Option” means a stock option granted pursuant to the Plan, as evidenced by a Notice of Grant.

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	(V)
	“Option Agreement” means a written or electronic agreement between the Company and a Participant evidencing the terms and conditions of an individual Option grant.  The Option Agreement is subject to the terms and conditions of the Plan.

		
	(W)
	“Optioned Stock” means the Common Stock subject to an Award.

		
	(X)
	“Outside Director” means a Director who is not an Employee.

		
	(Y)
	“Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

		
	(Z)
	“Participant” means the holder of an outstanding Award granted under the Plan.

		
	(AA)
	“Performance Period” means any Fiscal Year or such other longer or shorter period as determined by the Administrator in its sole discretion.

		
	(BB)
	"Period of Restriction" means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture.  Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

		
	(CC)
	“Plan” means this 2003 Stock Plan, as amended and restated.

		
	(DD)
	“Restricted Stock” means shares of Common Stock acquired pursuant to a grant of Restricted Stock Award or the early exercise of an Option.

		
	(EE) 
	“Restricted Stock Award” means a grant of Restricted Stock pursuant to the Plan, as evidenced by a Notice      of Grant.

(FF)     “Restricted Stock Award Agreement” means a written or electronic agreement between the Company and a   Participant evidencing the terms and restrictions applying to stock granted under a Restricted Stock Award. The Restricted Stock Award Agreement is subject to the terms and conditions of the Plan.

(GG)     “Restricted Stock Unit” means an Award granted to a Participant pursuant to Section 6.

(HH)   “Restricted Stock Unit Agreement” means a written or electronic agreement between the Company and a Participant evidencing the terms and restrictions applying to a Restricted Stock Unit Award.  The Restricted Stock Unit Agreement is subject to the terms and conditions of the Plan.

(II)       “Retirement” unless otherwise defined in the Award Agreement or in a written employment, services or other agreement between the Participant and the Company or any Parent or Subsidiary of the Company, will have such meaning as the Administrator may determine, or, if not so defined, will mean termination of Participant’s status as a Service Provider after he or she reaches age 55 and has completed at least ten (10) years of employment or service with the Company or any Parent or Subsidiary of the Company; provided, however, that with respect to Outside Directors “Retirement” will mean termination of an Outside Director’s status as a Director when (i) the Outside Director’s age is 55 or over and he or she has continuously been a Director for at least seven (7) years on the date of such termination or (ii) the Outside Director has continuously been a Director for at least ten (10) years from the date of such termination.

		
	(JJ)
	“Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.

(KK)     “Section 16(b)” means Section 16(b) of the Exchange Act.

(LL)      “Securities Act” means the Securities Act of 1933, as amended.

(MM)    “Service Provider” means an Employee, Director or Consultant.

(NN)     “Share” means a share of the Common Stock, as adjusted in accordance with Section 7.4.

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(OO)     “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code.

		
	SECTION 2.
	ADMINISTRATION

		
	2.1
	Stock Subject to the Plan.

 
		
	(A)
	Subject to the provisions of Section 7.4, the maximum aggregate number of Shares that may be optioned and sold under the Plan is 18,400,000 Shares.  The Shares may be authorized, but unissued, or reacquired Common Stock.

		
	(B)
	Shares will not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award that is settled in cash.  Shares used to pay the tax and exercise price of an Award will not become available for future grant or sale under the Plan.

		
	(C)
	If an Award expires or becomes unexercisable without having been exercised in full, or with respect to Restricted Stock or Restricted Stock Units, is forfeited to or repurchased by the Company, the unpurchased Shares (or for Awards other than Options, the forfeited or repurchased Shares) which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated); provided, however, that Shares that have actually been issued under the Plan, whether upon exercise or of an Award or issuance with respect thereto, shall not be returned to the Plan and shall not become available for future distribution under the Plan, except that if unvested Shares of Restricted Stock or Restricted Stock Units are repurchased by or forfeited to the Company, such Shares shall become available for future grant under the Plan.

		
	2.2
	Administration of the Plan.

 
		
	(A)
	Procedure.

		
	(i)
	Multiple Administrative Bodies.  Different Committees with respect to different groups of Service Providers may administer the Plan.

		
	(ii)
	Rule 16b-3.  To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder shall be structured to satisfy the requirements for exemption under Rule 16b-3.

		
	(iii)
	Other Administration.  Other than as provided above, the Plan shall be administered by (A) the Board or (B) a Committee, which committee shall be constituted to satisfy Applicable Laws.

		
	(B)
	Powers of the Administrator.  Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion:

		
	(i)
	to determine the Fair Market Value;

		
	(ii)
	to select the Service Providers to whom Awards may be granted under the Plan;

		
	(iii)
	to determine the number of Shares to be covered by each Award granted under the Plan;

		
	(iv)
	to approve forms of agreement for use under the Plan;

		
	(v)
	to determine the terms and conditions of any Award in accordance with the provisions of the Plan; provided, however, that the Administrator will not permit any Participant to issue a promissory note in order to exercise or otherwise acquire Shares pursuant to an Award;

		
	(vi)
	to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan;

		
	(vii)
	to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to subplans established for the purpose of satisfying applicable foreign laws;

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	(viii)
	to modify or amend each Award (subject to Section 7.6(C)), including the discretionary authority to extend the post-termination exercisability period of Awards longer than is otherwise provided for in the Plan (but not beyond the maximum term permitted under Section 3.3); provided, however, that no such modification or amendment may invalidate this Plan as qualified under Applicable Laws;

		
	(ix)
	to allow Participants to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Award that number of Shares having a fair market value equal to the minimum amount required to be withheld or such greater amount as the Administrator may determine if such amount would not have adverse accounting consequences, as the Administrator determines in its sole discretion.  The fair market value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by the Participant to have Shares withheld for this purpose shall be made in such form and under such conditions as the Administrator may deem necessary or advisable;

		
	(x)
	to authorize any person to (i) make decisions, determinations and interpretations on behalf of the Administrator to the extent allowed under Applicable Laws, and (ii) execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; and

		
	(xi)
	to make all other determinations deemed necessary or advisable for administering the Plan.

		
	(C)
	Effect of Administrator’s Decision.  The Administrator’s decisions, determinations and interpretations, and those of any person authorized by the Administrator to make decisions, determinations and interpretations on behalf of the Administrator, shall be final and binding on all Participants and any other holders of Awards.

		
	2.3
	Eligibility.  Awards may be granted to Service Providers subject to the terms and conditions of the Plan.

		
	SECTION 3.
	STOCK OPTIONS

		
	3.1
	Limitations.  An Option granted under the Plan may only qualify as a Nonstatutory Stock Option and shall be designated in an Award Agreement as such.

		
	3.2
	Term of Option.  The term of each Option shall be seven (7) years from the date of grant or such shorter term as may be approved by the Administrator.

		
	3.3
	Option Exercise Price.  The per Share exercise price of an Option shall be no less than 100% of the Fair Market Value per Share on the date of grant.

		
	3.4
	Waiting Period and Exercise Dates.  At the time an Option is granted, the Administrator shall fix the period within which the Option may be exercised and shall determine any conditions that must be satisfied before the Option may be exercised.

		
	3.5
	Form of Consideration.  The Administrator shall determine the acceptable form of consideration for exercising an Option, including the method of payment.  Such consideration may consist, subject to Applicable Laws, entirely of:

		
	(A)
	cash;

		
	(B)
	check;

		
	(C)
	other Shares, including reservation by the Company of Shares issuable to the Participant upon exercise of an Option, which have a Fair Market Value on the date of surrender or reservation equal to the aggregate exercise price of the Shares as to which such Option shall be exercised;

		
	(D)
	consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan;

		
	(E)
	a reduction in the amount of any Company liability to the Participant, including any liability attributable to the Participant’s participation in any Company sponsored deferred compensation program or arrangement;

		
	(F)
	any combination of the foregoing methods of payment; or

		
	(G)
	such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; provided, however, that the issuance of a promissory note will not be a permissible form of consideration under the Plan.

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	3.6
	Exercise of Option.

		
	(A)
	Procedure for Exercise; Rights as a Stockholder.  Any Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement.  An Option may not be exercised for a fraction of a Share.

		
	(i)
	An Option shall be deemed exercised when the Company receives: (x) written or electronic notice of exercise (in accordance with the Award Agreement) from the person entitled to exercise the Option, and (y) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan.  Shares issued upon exercise of an Option shall be issued in the name of the Participant. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option.  The Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised.  No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 7.4.

		
	(ii)
	Exercising an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

		
	(B)
	Termination of Relationship as a Service Provider.  If a Participant ceases to be a Service Provider, other than upon the Participant’s death, Disability or, in the case of Retirement, as set forth in Section 3.6(E) below, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for ninety (90) days following the Participant’s termination.  If, on the date of termination, the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.  If, after termination, the Participant does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

		
	(C)
	Disability of Participant.  If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement (of at least six (6) months) to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement).  In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the Participant’s termination.  If, on the date of termination, the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.  If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

		
	(D)
	Death of Participant.  If a Participant dies while a Service Provider, the Option may be exercised following the Participant’s death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the option be exercised later than the expiration of the term of such Option as set forth in the Award Agreement), by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to the Participant’s death in a form acceptable to the Administrator.  If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution.  In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the Participant’s death. If, at the time of death, a Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan.  If the Option is not so exercised within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

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	(E)
	Retirement of Participant.  If a Participant ceases to be a Service Provider as a result of his or her Retirement, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement, to the extent the Option is vested on the date of Retirement (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement).  In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the date of Participant’s Retirement.  If, on the date of Retirement, the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.  If, after his or her Retirement, the Participant does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

		
	SECTION 4.
	RESTRICTED STOCK AWARDS

		
	4.1
	Grant of Restricted Stock.  Awards of Restricted Stock may be granted to Service Providers at any time and from time to time, as will be determined by the Administrator, in its sole discretion.  Except as set forth in Section 7.8, the Administrator will have complete discretion in determining the number of Shares of Restricted Stock granted to each Participant.

		
	4.2
	Restricted Stock Agreement.  Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine.  The granting an/or vesting of Restricted Stock Awards may be made subject to the attainment of performance goals and may provide for a targeted level or levels of achievement.  Unless the Administrator determines otherwise, the Company, as escrow agent, will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed.

		
	4.3
	Transferability.  Except as provided in this Section 4 or the Award Agreement, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction.

		
	4.4
	Other Restrictions.  The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate.

		
	4.5
	Removal of Restrictions.  Except as otherwise provided in this Section 4, Shares of Restricted Stock covered by each Award of Restricted Stock granted under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine.  The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed.

		
	4.6
	Voting Rights.  During the Period of Restriction, Service Providers holding Shares of Restricted Stock may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise.

		
	4.7
	Dividends and Other Distributions.  During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise.  If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid.

		
	4.8
	Cancellation of Restricted Stock Award.  On the date set forth in the Restricted Stock Award Agreement, all unearned or unvested Restricted Stock shall be forfeited to the Company and again will become available for grant under the Plan as set forth in Section 2.1.

		
	SECTION 5.
	RESTRICTED STOCK UNITS

		
	5.1
	Grant of Restricted Stock Units.  Restricted Stock Units may be granted to Service Providers at any time and from time to time, as will be determined by the Administrator, in its sole discretion.  Except as set forth in Section 7.8, the Administrator will have complete discretion in determining the number of Restricted Stock Units granted to each Participant.

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	5.2
	Value of Restricted Stock Unit.  Each Restricted Stock Unit will have an initial value that is established by the Administrator on or before the date of grant.

		
	5.3
	Vesting.  A Restricted Stock Unit may, in the discretion of the Administrator, vest over the Participant’s period of service or upon attainment of specified performance objectives.

		
	5.4
	Performance Objectives and Other Terms.  The Administrator will set performance objectives (including, without limitation, continued service) in its discretion which, depending on the extent to which they are met, will determine the number of Shares issuable or value of Restricted Stock Units paid out to the Participants.  The granting and/or vesting of Restricted Stock Units may be made subject to the attainment of performance goals and may provide for a targeted level or levels of achievement.  Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

		
	5.5
	Earning of Restricted Stock Units.  After the applicable Performance Period has ended, the holder of Restricted Stock Units will be entitled to receive all or a portion of the Shares issuable or a cash amount payable in accordance with Section 5.6 below base on the number of Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting provisions have been achieved.  After the grant of a Restricted Stock Unit, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Restricted Stock Unit.

		
	5.6
	Form and Timing of Payment of Restricted Stock Units.  Issuance of Shares and/or payment of cash earned pursuant to Restricted Stock Units will be made as soon as practicable after the expiration of the applicable Performance Period.  The Administrator, in its sole discretion, may pay earned Restricted Stock Units in the form of cash, by the issuance of Shares (which have an aggregate Fair Market Value equal to the value of the earned Restricted Stock Units at the close of the applicable Performance Period) or in a combination thereof.

		
	5.7
	Cancellation of Restricted Stock Units.  On the date set forth in the Award Agreement, all unearned or unvested Shares subject to Restricted Stock Units will be forfeited to the Company, and again will be available for grant under the Plan.

		
	SECTION 6.
	[RESERVED] 

		
	SECTION 7.
	GENERAL PROVISIONS

		
	7.1
	Term of Plan.  The Plan originally became effective on September 24, 2003, and was most recently amended and restated on June 7, 2018, subject to obtaining stockholder approval in accordance with Section 7.12.  It shall continue in effect until terminated under Section 7.6.

		
	7.2
	Transferability of Awards.  Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant.  If the Administrator, in its sole discretion, makes an Award transferable, such Award may only be transferred (i) by will, (ii) by the laws of descent and distribution, or (iii) to family members (as such term is defined in the general instructions to Form S-8 under the Securities Act through gifts or domestic relations orders, as permitted by the instructions to Form S-8 of the Securities Act.

		
	7.3
	Leaves of Absence.  The vesting of Awards granted hereunder will be suspended during any unpaid leave of absence, unless the Administrator determines otherwise pursuant to a leave of absence policy in effect from time to time.  A Service Provider will not cease to be an Employee in the case of (i)any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary.

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	7.4
	Adjustments Upon Changes in Capitalization, Merger or Change in Control.

		
	(A)
	Changes in Capitalization.  Subject to any required action by the stockholders of the Company, the number of Shares that have been authorized for issuance under the Plan but as to which no Awards have yet been granted or which have been returned to the Plan upon cancellation or expiration of an Award, and the number of Shares as well as the price per Share covered by each outstanding Award, and the numerical Share limits in Sections 2, shall be proportionately adjusted for any change in, or increase or decrease in the number of issued Shares, resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other change, or increase or decrease in the number of issued Shares, effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.”  The Board shall make such adjustment, whose determination in that respect shall be final, binding and conclusive.  Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Award.

		
	(B)
	Dissolution or Liquidation.  In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Participant as soon as practicable prior to the effective date of such proposed transaction.  The Administrator in its discretion may provide for the Participant to have the right to exercise his or her Award prior to such transaction as to all of the Shares covered thereby, including Shares as to which the Award would not otherwise be vested or exercisable. In addition, the Administrator may provide that any Company repurchase option applicable to any Shares purchased upon exercise of an Award shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated.  To the extent it has not been previously exercised, or earned, an Award will terminate immediately prior to the consummation of such proposed action.

		
	(C)
	Merger or Change in Control.

		
	(i)
	Awards.  In the event of a merger of the Company with or into another corporation, or a Change in Control, each outstanding Award shall be assumed or an equivalent award substituted by the successor corporation or a Parent or Subsidiary of the successor corporation.

		
	(1)
	In the event that the successor corporation refuses to assume or substitute for the Award, the Participant shall fully vest in and have the right to exercise his or her Option as to all of the Shares, including Shares as to which it would not otherwise be vested or exercisable, and all restrictions on Restricted Stock and Restricted Stock Units will lapse and all performance goals or other vesting criteria with respect to an Award will be deemed achieved at target levels and all other terms and conditions met. In addition, if an Option becomes fully vested and exercisable in lieu of assumption or substitution in the event of a merger or Change in Control, the Administrator shall notify the Participant in writing or electronically that the Option shall be fully vested and exercisable for a period of not less than fifteen (15) days from the date of such notice, and the Option shall terminate upon the expiration of such period.

		
	(2)
	For the purposes of this Section 7.4(C)(i), an Award shall be considered assumed if, following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control (and in the case of Restricted Stock Units, for each implied Share determined by dividing the value of the Restricted Stock Unit by the per Share consideration received by holders of Common Stock in the merger or Change in Control), an amount of consideration (whether stock, cash, or other securities or property) equal to the fair market value of the consideration received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Option for each Share subject to such Award, or in the case of Restricted Stock Units, the number of implied shares determined by dividing the value of the Restricted Stock Units by the per Share consideration received by holders of Common Stock in the merger or Change in Control, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per Share consideration received by holders of Common Stock in the merger or Change in Control.

9

		
	(3)
	Notwithstanding anything in Section 7.4(C)(i)(2) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent; provided, however, a modification to such performance goals only to reflect the successor corporation’s post-merger or post-asset sale corporate structure will not be deemed to invalidate an otherwise valid Award assumption.

		
	(D)
	Outside Director Option and Restricted Stock Grants.  Notwithstanding anything in Section 7.4(C)(i) to the contrary, in the event of a merger of the Company with or into another corporation, or a Change in Control, in which an Outside Director is terminated or asked to resign Awards granted to such Outside Director shall vest 100% immediately prior to such merger or Change in Control. In the event of a merger or Change in Control in which an Outside Director is not terminated or asked to resign, such Outside Director’s Awards shall be treated under the terms of Section 7.4(C)(i).

		
	7.5
	Date of Grant.  The date of grant of an Award shall be, for all purposes, the date on which the Administrator makes the determination granting such Award or such later date as is determined by the Administrator.  Notice of the determination shall be provided to each Participant within a reasonable time after the date of such grant.

		
	7.6
	Amendment and Termination of the Plan.

		
	(A)
	Amendment and Termination.  The Board may at any time amend, alter, suspend or terminate the Plan.

		
	(B)
	Stockholder Approval.  The Company shall obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws.  Additionally, notwithstanding anything in the Plan to the contrary, the Board may not, without the approval of the Company’s stockholders:

		
	(i)
	materially increase the number of shares of Common Stock issuable under the Plan, except for permissible adjustments in the event of certain changes in the Company’s capitalization as set forth in Section 7.4(A);

		
	(ii)
	materially modify the requirements for eligibility to participate in the Plan; or

		
	(iii)
	reprice Options issued under the Plan by lowering the exercise price of a previously granted Option, by canceling outstanding Options and issuing replacement Options, or by otherwise replacing existing Options with substitute Options with a lower exercise price. 

		
	(C)
	Effect of Amendment or Termination.  No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company.  Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

		
	7.7
	Conditions Upon Issuance of Shares.

 
		
	(A)
	Legal Compliance.  Shares shall not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance.

		
	(B)
	Investment Representations.  As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

		
	7.8
	Limitation of Awards to Outside Directors.  No Outside Director may receive one or more Awards in any Fiscal Year with an aggregate grant date fair value of more than US$500,000. For these purposes the grant date fair value will mean (i) with respect to any Awards of Restricted Stock or Restricted Stock Units the product of (A) the Fair Market Value of one Share on the grant date of such Award, and (B) the aggregate number of Shares subject to the Award, and (ii) with respect to any Option, the Black-Scholes option valuation methodology, or such other methodology the Administrator may determine prior to the grant of an Award becoming effective, on the grant date of such Award.

10

		
	7.9
	Inability to Obtain Authority.  The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

		
	7.10
	Reservation of Shares.  The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

		
	7.11
	Participant’s Relationship with Company.  Neither the Plan nor any Award shall confer upon the Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company, nor shall they interfere in any way with the Participant’s right or the Company’s right to terminate such relationship at any time, with or without cause.

		
	7.12
	Stockholder Approval.  The Plan shall be subject to approval by the stockholders of the Company after the date the Plan is adopted. Such stockholder approval shall be obtained in the manner and to the degree required under Applicable Laws.

11Exhibit 10.1

 

 

STOCK PURCHASE AGREEMENT

by and among

STEPHEN FLECHNER and DAVID CUTLER

and

GRN FUNDS, LLC, 

a Washington Limited Liability Company

dated as of

June 20, 2019

STOCK PURCHASE AGREEMENT

This Stock Purchase Agreement (this “Agreement”),
dated as of June 20, 2019, is entered into by and among Stephen Flechner (“SF”) and David Cutler (“DC”)
(jointly the ”Sellers”) and GRN Funds, LLC, a Washington State limited liability company (”Buyer”).

‌

RECITALS

  

WHEREAS, Each of the Sellers beneficially owns
sixty-nine million, five hundred thousand (69,500,000) shares of the issued and outstanding common stock, par value $0.001 (the
“Shares”), of Discovery Gold Corporation, a Nevada corporation, (the “Company”), held in
book entry with the Company’s transfer agent, Action Stock Transfer, consisting of electronic share certificate #70008 for
SF and #70009 for DC;

 

WHEREAS, SF and DC are control persons and
affiliates by reason of their beneficial ownership of 55.65% of the outstanding shares of the Company. SF is also an officer and
director of the Company, and DC is a former officer and director of the Company;

 

WHEREAS, the Company is a fully reporting company
under the 1934 Securities and Exchange Act, with its common stock registered under Section 12g thereof;

 

WHEREAS, as of the date of this Agreement,
the Company is current with its reporting obligations to the Securities and Exchange Commission under Sections 13 and 15d of the
Act;

 

WHEREAS, the Company is authorized to issue
a total of two hundred sixty million (260,000,000) shares, consisting of (a) two hundred fifty million (250,000,000) shares of
common stock, par value $0.001 per share and (b) ten million (10,000,000) shares of preferred stock, par value $0.001 per share;

 

WHEREAS, as of the date of this Agreement,
the Company has two hundred and forty nine million, seven hundred and seventy seven thousand, three hundred and eleven (249,777,311),
issued and outstanding common shares, and zero (0) shares of preferred stock issued and outstanding;

 

WHEREAS, Sellers and Buyer entered into an
Escrow Agreement dated May 24, 2019, providing for certain terms and conditions related to the purchase and sale of the Shares.
The Escrow Agreement is attached hereto as Schedule A and its terms and conditions are incorporated herein by reference
as material to this Agreement, except as otherwise modified by mutual consent of the Parties herein;

 

WHEREAS, Sellers and Buyer agreed to extend
the closing date to on or before June 28, 2019.

 

 

    	 

    	 

    

 

 

WHEREAS, Sellers wish to sell to Buyer, and
Buyer wishes to purchase from Seller, the Shares, subject to the terms and conditions set forth herein, and the Parties respective
compliance with the Escrow Agreement; and,

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

  

DEFINITIONS

  ‌

    The following
terms have the meanings specified or referred to in this Article I:

 

     “Act” means the
1934 Securities and Exchange Act, as amended from time to time.

 

    “Action”
means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at
law or in equity.

 

    “Affiliate”
of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by,
or is under common control with, such Person. The term “control” (including the terms “controlled by” and
“under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

    “Agreement”
means this Stock Purchase Agreement, including the Recitals, which are a material part hereof, and which may be used to interpret
and enforce this Agreement.

 

    “Ancillary
Documents” means (i) the Escrow Agreement; (ii) the “Irrevocable Stock Power” with Medallion Guarantee, and
the “Transfer Instruction Letter” from Sellers to Company’s transfer agent, Action Stock Transfer Company with
instructions to transfer the Shares upon the direction of the Escrow Agent referenced in Section 4(b) of the Escrow Agreement;
and, (iii) the written acknowledgement from Action Stock Transfer Company of its receipt of the above in acceptable form, and its
confirmation that it will only act to transfer Seller’s Shares upon the direction of the Escrow Agent.

 ‌

    “Audited
Financial Statements” has the meaning set forth in Section 3.06.

 

    “Balance
Sheet” has the meaning set forth in Section 3.06.

 

    “Balance
Sheet Date” has the meaning set forth in Section 3.06.

 

    “Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in San Diego, California,
are authorized or required by Law to be closed for business.

 

    “Buyer”
means GRN Funds, LLC.

 

    “Buyer
Indemnitees” has the meaning set forth in Section 7.02.

 

    “Closing”
means after this Agreement is signed by the Buyer and Sellers; the Buyer’s deposit of the Purchase Price with the Escrow
Agent; Sellers’ execution of the Ancillary Documents given to the Escrow Agent and Action Stock Transfer pursuant to Section
4.0 of the Escrow Agreement,

 

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

 

 

    	 

    	 

    

 

 

    “Common
Stock” has the meaning set forth in Section 3.03(a).

 

    “Company”
has the meaning set forth in the Recitals.

 

    “Direct
Claim” has the meaning set forth in Section 7.05(c).

 

    “Disclosure
Schedules” means the Disclosure Schedules delivered by Sellers and Buyer concurrently with the execution and delivery
of this Agreement.

  

    “Dollars
or $” means the lawful currency of the United States.

 

    “Encumbrance”
means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option,
security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including
any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

 

    “Escrow
Agent” means Mailander Law Office, Inc.

 

    “Escrow
Agreement” means the Escrow Agreement entered into by Buyer, Sellers and Escrow Agent, dated May 24, 2019, as set forward
in Schedule A attached hereto and incorporated herein by reference.

 ‌

    “Financial
Statements” has the meaning set forth in Section 3.06.

 

    “GAAP”
means United States generally accepted accounting principles in effect from time to time.

 

    “Governmental
Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality
of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority
or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the
force of Law), or any arbitrator, court or tribunal of competent jurisdiction.

 

    “Governmental
Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any
Governmental Authority.

 

    “Indemnified
Party” has the meaning set forth in Section 7.04.

 

    “Indemnifying
Party” has the meaning set forth in Section 7.04.

 

    “Interim
Financial Statements” has the meaning set forth in Section 3.06.

 

    “Knowledge
of Sellers or Sellers’s Knowledge” or any other similar knowledge qualification, means the actual or constructive
knowledge of Sellers , after due inquiry.

 ‌

    “Law”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

    “Liabilities”
has the meaning set forth in Section 3.07.

 

    “Losses”
means losses, damages, liabilities, deficiencies, Actions, judgments, interest, awards, penalties, fines, costs or expenses of
whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and
the cost of pursuing any insurance providers; provided, however, that “Losses” shall not include punitive
damages, except to the extent actually awarded to a Governmental Authority or other third party.

 ‌ 

    “Person”
means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated
organization, trust, association or other entity.

 

 

    	 

    	 

    

 

 

    “Purchase
Price” has the meaning set forth in Section 2.02.

  

    “Representative”
means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
and other agents of such Person.

 

    “Sellers”
mean Stephen Flechner and David Cutler.

 

    “Sellers
Indemnitees” has the meaning set forth in Section 7.02.

 

    “Shares”
has the meaning set forth in the recitals.

 

    “Taxes”
means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise,
registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise,
severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs,
duties or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest, additions or penalties
with respect thereto and any interest in respect of such additions or penalties.

 ‌ ‌

    “Third
Party Claim” has the meaning set forth in Section 7.04(a).

 

ARTICLE II

  

PURCHASE AND SALE

  

    Section
2.01  Purchase and Sale. Subject to the terms and conditions set forth herein, and subject to Section 4.0,
et seq. of the Escrow Agreement, at the Closing, Sellers shall sell to Buyer, and Buyer shall purchase from Sellers, the
Shares, free and clear of all Encumbrances, for the consideration specified in Section 2.02.

 

    Section
2.02  Purchase Price. The aggregate purchase price for the Shares shall be three hundred thousand dollars
($300,000) (the “Purchase Price”). Buyer represents that Buyer has previously deposited with Escrow Agent pursuant
to Section 1.0 of the Escrow Agreement, the sum of fifty thousand dollars ($50,000) held in trust pending the Closing, and credited
towards the total Purchase Price. Therefore, the final payment from Buyer to be deposited with Escrow Agent pursuant to Section
4.0(a) of the Escrow Agreement to affect the Closing is two hundred and fifty thousand dollars ($250,000).

 ‌

    Section
2.03  Transactions to be Effected at the Closing.

 

(a)  At the Closing, Buyer
shall:

 

(i)  pursuant to Section
4 of the Escrow Agreement, deliver to the Escrow Agent:

 

(A)   Payment by wire transfer
of immediately available funds in the amount of two hundred and fifty thousand dollars ($250,000) not later than one (1) Business
Days after the execution of this Agreement.

   ‌

(b)  At the Closing, Sellers
shall concurrently deliver to Escrow Agent, pursuant to Sections 4(b) and 4(c) of the Escrow Agreement:

 

		(i)	The executed notarized letter of instruction, signed by Sellers, addressed to the Company’s
transfer agent, Action Stock Transfer, with instruction to transfer all legal right, title and interest in the Shares to Buyer,
based solely on the direction of the Escrow Agent free and clear of all Encumbrances, duly endorsed or accompanied by any required
medallion guaranteed stock powers or other instruments of transfer; and,

 

 

 

    	 

    	 

    

 

 

(ii)   Written confirmation
of Action Stock Transfer Company’s to the Escrow Agent of its receipt of the executed notarized letter of instruction
and medallion guaranteed stock powers, along  with confirmation that it will only act to transfer Seller’s Shares upon
the instruction and direction of the Escrow Agent along with any agreements, documents, instruments or certificates
required to be delivered by Seller sat or prior to the Closing pursuant to this Agreement.

 

(c) Consistent with Section 4.0(d) of the
Escrow Agreement and the provisions hereof, Buyer shall instruct Escrow Agent to wire transfer the Purchase Price to the recipients
on Schedule B immediately after Escrow Agent confirms receipt of the executed notarized letter of instructions, medallion
guaranteed stock powers and Action Stock Transfer’s acknowledgment that it will act to transfer the Shares only upon
Escrow Agent’s direction. Escrow Agent shall wire transfer the Purchase Price to the recipients on Schedule B, send written
confirmations of the wire transfers to Sellers and then concurrently instruct Action Stock Transfer to transfer the Shares
to Buyer.

 

    Section
2.04  Releases. Sellers agree to provide Buyer with executed releases from the payees listed on Schedule
B referencing the accounts as paid in full with a release of all claims related to the outstanding amounts owed. The signed
releases shall be delivered to Escrow Agent not later than five (5) days after the Closing.

 

    Section
2.05  Closing. Subject to the terms and conditions of this Agreement, the purchase and sale of the Shares
contemplated hereby shall take place at a closing (the “Closing”) to be held at 12:00 pm at the office of the
Escrow Agent, no later than one (1) Business Day after the last of the conditions to Closing set forth in section 4 of the Escrow
Agreement and this Agreement have been satisfied or waived (other than conditions which, by their nature, are to be satisfied on
the Closing Date), at the offices of Mailander Law Office, Inc., 945 4th Avenue, Ste. 311, San Diego, CA 92101, or at
such other time or on such other date or at such other place as mutually agreed by Sellers and Buyer.

ARTICLE III

  

REPRESENTATIONS AND WARRANTIES
OF SELLER

  ‌

 

    Sellers represent
and warrant to Buyer that the statements contained in this Article III are true and correct as of the date hereof.

 

    Section
3.01   Authority of Sellers. Sellers have full power and authority to enter into this Agreement and the Escrow
Agreement and Ancillary Documents to which Sellers are a party, to carry out their obligations hereunder and thereunder, and to
consummate the transactions contemplated hereby and thereby. The execution and delivery by Sellers of this Agreement, the Escrow
Agreement and any Ancillary Document to which Sellers are a party, the performance by Sellers of their obligations hereunder and
thereunder, and the consummation by Sellers of the transactions contemplated hereby and thereby, have been duly authorized by all
requisite action on the part of Sellers, in conjunction with their financial and legal advisors. This Agreement has been duly executed
and delivered by Sellers, and, assuming due authorization, execution and delivery by Buyer, this Agreement constitutes a legal,
valid and binding obligation of Sellers enforceable against Sellers in accordance with its terms. When each other Ancillary Document
to which Sellers are or will be a party has been duly executed and delivered by Sellers (assuming due authorization, execution
and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Sellers enforceable
against them in accordance with its terms.

 ‌

    Section
3.02  Organization, Authority and Qualification of the Company – Ancillary Representations. As affiliates
of the Company by virtue of SF being a director, and SF and DC being beneficial owners of 55.65% of the issued and outstanding
shares of the Company, each Seller represents that the Company is a corporation duly organized, validly existing and in good standing
under the Laws of the state of Nevada, and has full corporate power and authority to own, operate or lease the properties and assets
now owned, operated or leased by it, if any, and to carry on its business as it has been and is currently conducted, if any. The
Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned
or leased by it, if any, or the operation of its business as currently conducted, if any, makes such licensing or qualification
necessary.

 

    	 

    	 

    

 

 

 ‌

    Section
3.03  Capitalization.

 

(a)  The authorized capital
stock of the Company consists of a total of two hundred sixty million (260,000,000) shares, consisting of (a) two hundred fifty
million (250,000,000) shares of common stock, par value $0.001 per share and (b) ten million (10,000,000) shares of preferred stock,
par value $0.001 per share, of which two hundred and forty nine million, seven hundred and seventy seven thousand, three hundred
and eleven (249,777,311) shares are issued and outstanding common shares, and zero (0) shares of preferred stock issued and outstanding.
All of the Shares have been duly authorized, are validly issued, fully paid and non-assessable, and are beneficially owned of record
by Sellers free and clear of all Encumbrances. Upon consummation of the transactions contemplated by this Agreement, Buyer shall
own all of the Shares, free and clear of all Encumbrances.

 

(b)  All of the Shares were
issued in compliance with applicable Laws. None of the Shares were issued in violation of any agreement, arrangement or commitment
to which Sellers or the Company is a party, or is subject to or in violation of any preemptive or similar rights of any Person.

 

(c)  There are no outstanding
or authorized options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character
relating to the capital stock of the Company or obligating Sellers or the Company to issue or sell any shares of capital stock
of, or any other interest in, the Company. The Company does not have outstanding or authorized any stock appreciation, phantom
stock, profit participation or similar rights. There are no voting trusts, stockholder agreements, proxies or other agreements
or understandings in effect with respect to the voting or transfer of any of the Shares.

 ‌

    Section
3.04  No Subsidiaries. The Company does not own, or have any interest in any shares or have an ownership interest
in any other Person or entity.

 ‌

    Section
3.05  No Conflicts; Consents. The execution, delivery and performance by Sellers of this Agreement, the Escrow
Agreement and the Ancillary Documents to which he is a party, and the consummation of the transactions contemplated hereby and
thereby, do not and will not: (a) require the consent, notice or other action by any Person under, conflict with, result in a violation
or breach of, constitute a default or an event that, with or without notice or lapse of time or both, would constitute a default
under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel any Contract to
which Sellers are a party or by which Sellers are bound; or (b) result in the creation or imposition of any Encumbrance on the
Shares. No consent, approval, Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority
is required by or with respect to Sellers in connection with the execution and delivery of this Agreement, the Escrow Agreement
and Ancillary Documents, and the consummation of the transactions contemplated hereby and thereby.

 ‌

    Section
3.06  Financial Statements. Buyer has had access to complete copies of the Company’s audited financial
statements on www.sec.gov consisting of the balance sheet and the related statements of income and retained earnings, and cash
flow for the years ended April 30, 2018 and 2017 (the “Audited Financial Statements”), and unaudited financial
statements consisting of the balance sheet of the Company as at January 31, 2019 and the related statements of income and retained
earnings, stockholders’ equity and cash flow for the three and nine months periods then ended (the “Interim Financial
Statements” and together with the Audited Financial Statements, the “Financial Statements”). The Financial
Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the periods involved, subject, in
the case of the Interim Financial Statements, to normal and recurring year-end adjustments (the effect of which will not be materially
adverse) and the absence of notes (that, if presented, would not differ materially from those presented in the Audited Financial
Statements). The Financial Statements are based on the books and records of the Company, and fairly present in all material respects
the financial condition of the Company as of the respective dates they were prepared and the results of the operations of the Company
for the periods indicated. The Company maintains a standard system of accounting established and administered in accordance with
GAAP.

 

 

    	 

    	 

    

 

 ‌

    Section
3.07  Undisclosed Liabilities. Other than those liabilities set forward in Schedule B, the Company has no
material liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or
contingent, accrued or unaccrued, matured or unmatured or otherwise (”Liabilities”), that would have a Material
Adverse Effect on the Company, except (a) those which are adequately reflected or reserved against in the Balance Sheet as of the
Balance Sheet Date, and (b) those which have been incurred in the ordinary course of business consistent with past practice since
the Balance Sheet Date and which are not, individually or in the aggregate, material in amount.

 ‌

    Section
3.08  Absence of Certain Changes, Events and Conditions. Since the Balance Sheet Date, and other than in the
ordinary course of business consistent with past practice, there has not been, with respect to the Company, any:

 

(a)  event, occurrence or
development that has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

 ‌

(b)  amendment of the charter,
by-laws or other organizational documents of the Company;

 

(c)  split, combination
or reclassification of any shares of its capital stock;

 

(d)  issuance, sale or other
disposition of any of its capital stock, or grant of any options, warrants or other rights to purchase or obtain (including upon
conversion, exchange or exercise) any of its capital stock;

 

(e)  declaration or payment
of any dividends or distributions on or in respect of any of its capital stock or redemption, purchase or acquisition of its capital
stock;

 

(f)  material change in
any method of accounting or accounting practice of the Company, except as required by GAAP or as disclosed in the notes to the
Financial Statements;

 

(g)  material change in
the Company’s cash management practices and its policies, practices and procedures with respect to collection of accounts
receivable, establishment of reserves for uncollectible accounts, accrual of accounts receivable, inventory control, prepayment
of expenses, payment of trade accounts payable, accrual of other expenses, deferral of revenue and acceptance of customer deposits;

 

(h)  entry into any Contract
that would constitute a Material Contract;

 

(i)  incurrence, assumption
or guarantee of any indebtedness for borrowed money except unsecured current obligations and Liabilities incurred in the ordinary
course of business consistent with past practice;

 

(j)  transfer, assignment,
sale or other disposition of any of the assets shown or reflected in the Balance Sheet or cancellation of any debts or entitlements;

 

(k)  transfer or assignment
of or grant of any license or sublicense under or with respect to any material Company Intellectual Property or Company IP Agreements
except non-exclusive licenses or sublicenses granted in the ordinary course of business consistent with past practice;

 

(l)  abandonment or lapse
of or failure to maintain in full force and effect any [material] Company IP Registration[, or failure to take or maintain reasonable
measures to protect the confidentiality [or value] of any [material] Trade Secrets included in the Company Intellectual Property];

 

(m)  material damage, destruction
or loss whether or not covered by insurance to its property;

 

(n)  any capital investment
in, or any loan to, any other Person;

 

(o)  acceleration, termination,
material modification to or cancellation of any material Contract (including, but not limited to, any Material Contract) to which
the Company is a party or by which it is bound;

 

    	 

    	 

    

 

 

(p)  any material capital
expenditures;

 

(q)  imposition of any Encumbrance
upon any of the Company properties, capital stock or assets, tangible or intangible;

 

(r)  (i) grant of any bonuses,
whether monetary or otherwise, or increase in any wages, salary, severance, pension or other compensation or benefits in respect
of its current or former employees, officers, directors, independent contractors or consultants, other than as provided for in
any written agreements or required by applicable Law, (ii) change in the terms of employment for any employee or any termination
of any employees for which the aggregate costs and expenses exceed ten thousand dollars ($10,000), or (iii) action to accelerate
the vesting or payment of any compensation or benefit for any current or former employee, officer, director, independent contractor
or consultant;

 

(s)  hiring or promoting
any person as an officer or director, hiring or promoting any employee except to fill a vacancy in the ordinary course of business;

 

(t)  adoption, modification
or termination of any: (i) employment, severance, retention or other agreement with any current or former employee, officer, director,
independent contractor or consultant, (ii) Benefit Plan or (iii) collective bargaining or other agreement with a Union, in each
case whether written or oral;

 

(u)  any loan to (or forgiveness
of any loan to), or entry into any other transaction with, any of its stockholders or current or former directors, officers and
employees;

 

(v)  entry into a new line
of business or abandonment or discontinuance of existing lines of business;

 

(w)  adoption of any plan
of merger, consolidation, reorganization, liquidation or dissolution or filing of a petition in bankruptcy under any provisions
of federal or state bankruptcy Law or consent to the filing of any bankruptcy petition against it under any similar Law;

 

(x)  purchase, lease or
other acquisition of the right to own, use or lease any property or assets for an amount in excess of ten thousand dollars ($10,000);

 

(y)  acquisition by merger
or consolidation with, or by purchase of a substantial portion of the assets or stock of, or by any other manner, any business
or any Person or any division thereof;

 

(z)  action by the Company
to make, change or rescind any Tax election, amend any Tax Return or take any position on any Tax Return, take any action, omit
to take any action or enter into any other transaction that would have the effect of increasing the Tax liability or reducing any
Tax asset of Buyer in respect of any Post-Closing Tax Period; or

 ‌

(aa)  any Contract to do
any of the foregoing, or any action or omission that would result in any of the foregoing.

 

    Section
3.09  Material Contracts.

 

(a)  Schedule C lists
all Material Contracts currently in force and requiring future action concerning the Company.

 

(b)  Each Material Contract
is valid and binding on the Company in accordance with its terms and is in full force and effect. None of the Company or, to Sellers’
Knowledge, any other party thereto is in breach of or default under (or is alleged to be in breach of or default under) in any
material respect, or has provided or received any notice of any intention to terminate, any Material Contract. No event or circumstance
has occurred that, with notice or lapse of time or both, would constitute an event of default under any Material Contract or result
in a termination thereof or would cause or permit the acceleration or other changes of any right or obligation or the loss of any
benefit thereunder. Complete and correct copies of each Material Contract (including all modifications, amendments and supplements
thereto and waivers thereunder) have been made available to Buyer.

 

 

    	 

    	 

    

 

 ‌

    Section
3.10  Legal Proceedings; Governmental Orders.

 

(a)  There are no Actions
pending or threatened (a) against or by the Company affecting any of its properties or assets (or by or against Sellers or any
Affiliate thereof and relating to the Company); or (b) against or by the Company, Sellers or any Affiliate of Sellers that challenges
or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances
exist that may give rise to, or serve as a basis for, any such Action.

 

(b)  There are no outstanding
Governmental Orders and no unsatisfied judgments, penalties or awards against or affecting the Company or any of its properties
or assets.

 

Section 3.11  Compliance
With Laws; Permits.

 

(a)  To the best of the
Sellers’ knowledge, the Company has complied, and is now complying, with all Laws applicable to it or its business, properties
or assets.

 

Section 3.12  Employee
Benefit Matters.

 ‌

(a) The Company has no pension, benefit,
retirement, compensation, employment, consulting, profit-sharing, deferred compensation, incentive, bonus, performance award, phantom
equity, stock or stock-based, change in control, retention, severance, vacation, paid time off (PTO), medical, vision, dental,
disability, welfare, Code Section 125 cafeteria, fringe benefit and other similar agreement, plan, policy, program or arrangement
(and any amendments thereto), in each case whether or not reduced to writing and whether funded or unfunded, including each “employee
benefit plan” within the meaning of Section 3(3) of ERISA, whether or not tax-qualified and whether or not subject to ERISA,
which is or has been maintained, sponsored, contributed to, or required to be contributed to by the Company for the benefit of
any current or former employee, officer, director, retiree, independent contractor or consultant of the Company or any spouse or
dependent of such individual, or under which the Company or any of its ERISA Affiliates has or may have any Liability, or with
respect to which Buyer or any of its Affiliates would reasonably be expected to have any Liability (each, a “Benefit Plan”).

 

Section 3.13 Employment Matters.

 ‌

(a)  Schedule D contains
a list of all on-going employees, independent contractors or consultants of the Company as of the date hereof, and sets forth for
each such individual the following: (i) name; (ii) title or position (including whether full-time or part-time); (iii) hire or
retention date; (iv) current annual base compensation rate or contract fee; (v) commission, bonus or other incentive-based compensation;
and (vi) a description of the fringe benefits provided to each such individual as of the date hereof. As of the date hereof, all
compensation, including wages, commissions, bonuses, fees and other compensation, payable to all employees, independent contractors
or consultants of the Company for services performed on or prior to the date hereof have been paid in full (or accrued in full
on the audited balance sheet) and there are no outstanding agreements, understandings or commitments of the Company with respect
to any compensation, commissions, bonuses or fees.

 

(b) The Company is not,
and has not been a party to, bound by, or negotiating any collective bargaining  agreement or other Contract with a union,
works council or labor organization.

 

Section 3.14  Taxes.

 

(a) To the best of Sellers’
knowledge and belief, the Company filed its tax returns for its first year of existence, and did not have any taxable income
that year or thereafter. Sellers are causing the Company’s tax returns for the past three years to be filed and provided
to Buyer at Closing. Such Tax Returns are, or will be, true, complete and correct in all respects. There are no Taxes due
and owing by the Company.

 

 

    	 

    	 

    

 

 

 

(b) Sellers and Buyer shall provide each
other with such reasonable cooperation and information as either of them reasonably may request of the other in filing any
Tax Return pursuant to this Article III or in connection with any audit or other proceeding in respect of Taxes of the Company.
Such cooperation and information shall include providing copies of relevant Tax Returns or portions thereof, together with
accompanying schedules, related work papers and documents relating to rulings or other determinations by tax authorities. Each
of Company, Sellers and Buyer shall retain all Tax Returns, schedules and work papers, records and other documents in its possession
relating to Tax matters of the Company for any taxable period beginning before the Closing Date until the expiration of the
statute of limitations of the taxable periods to which such Tax Returns and other documents relate, without regard to extensions
except to the extent notified by the other party in writing of such extensions for the respective Tax periods. Prior to transferring,
destroying or discarding any Tax Returns, schedules and work papers, records and other documents in its possession relating
to Tax matters of the Company for any taxable period beginning before the Closing Date, Sellers and Company shall provide the
other party with reasonable written notice and offer the other party the opportunity to take custody of such materials.

 

(c) Sellers shall indemnify Buyer,
and each Buyer Indemnitee and hold them harmless from and against (a) any Loss attributable to any breach of or inaccuracy in any
representation or warranty made in Section 3.14; (b) any Loss attributable to any breach or violation of, or failure to fully perform,
any covenant, agreement, undertaking or obligation in Article III; (c) all Taxes of the Company for all Pre-Closing Tax Periods;
(d) all Taxes of any member of an affiliated, consolidated, combined or unitary group of which the Company (or any predecessor
of the Company) is or was a member on or prior to the Closing Date by reason of a liability under Treasury Regulation Section 1.1502-6
or any comparable provisions of foreign, state or local Law; and (e) any and all Taxes of any person imposed on the Company arising
under the principles of transferee or successor liability or by contract, relating to an event or transaction occurring before
the Closing Date. In each of the above cases, together with any out-of-pocket fees and expenses (including attorneys’ and
accountants’ fees) incurred in connection therewith. Sellers shall reimburse Buyer for any Taxes of the Company that are
the responsibility of Company within ten Business Days after payment of such Taxes by Buyer or the Company.

 

 

ARTICLE IV

  

REPRESENTATIONS AND WARRANTIES
OF BUYER

  ‌

 

Buyer represents and warrants to Sellers
that the statements contained in this Article IV are true and correct as of the date hereof.

 

    Section
4.01  Organization and Authority of Buyer. Buyer is a limited liability company duly organized, validly existing
and in good standing under the Laws of the state of Washington. Buyer has full corporate power and authority to enter into this
Agreement and the Escrow Agreement and Ancillary Documents to which Buyer is a party, to carry out its obligations hereunder and
thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Buyer of this Agreement
and any Ancillary Document to which Buyer is a party, the performance by Buyer of its obligations hereunder and thereunder, and
the consummation by Buyer of the transactions contemplated hereby and thereby, have been duly authorized by all requisite corporate
action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer, and this Agreement constitutes a legal,
valid and binding obligation of Buyer enforceable against Buyer in accordance with its terms.

 

 

    	 

    	 

    

 

 

    Section
4.02  No Conflicts; Consents. The execution, delivery and performance by Buyer of this Agreement, the Escrow
Agreement and Ancillary Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby,
do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the certificate
of incorporation, by-laws or other organizational documents of Buyer; (b) conflict with or result in a violation or breach of any
provision of any Law or Governmental Order applicable to Buyer; or (c) require the consent, notice or other action by any Person
under any Contract to which Buyer is a party. No consent, approval, Permit, Governmental Order, declaration or filing with, or
notice to, any Governmental Authority is required by or with respect to Buyer in connection with the execution and delivery of
this Agreement, the Escrow Agreement and Ancillary Documents and the consummation of the transactions contemplated hereby and thereby.

 ‌

    Section
4.03  Investment Purpose. Buyer is acquiring the Shares solely for its own account for investment purposes
and not with a view to, or for offer or sale in connection with, any distribution thereof. Buyer acknowledges that the Shares are
not registered under the Securities Act of 1933, as amended, or any state securities laws, and that the Shares may not be transferred
or sold except pursuant to the registration provisions of the Securities Act of 1933, as amended or pursuant to an applicable exemption
therefrom and subject to state securities laws and regulations, as applicable. Buyer understands: (i) the risks involved in this
investment, including the speculative nature of the investment; (ii) the financial hazards involved in this investment, including
the risk of losing Buyer’s entire investment; (iii) the lack of liquidity and restrictions on transfers of the Securities;
and (iv) the tax consequences of this investment. Buyer has consulted with Buyer’s own legal, accounting, tax, investment
and other advisers with respect to the tax treatment of an investment by Buyer in the Shares and the merits and risks of an investment
in the Shares.

 

(a)  Buyer Not Affiliated
with Company. Buyer, either alone or with Buyer’s professional advisers (i) are unaffiliated with, have no
equity interest in, and are not compensated by, the Seller, Company or any affiliate or selling agent of the Company, directly
or indirectly; (ii) has such knowledge and experience in financial and business matters that Buyer is capable of evaluating
the merits and risks of an investment in the Securities; and (iii) has the capacity to protect Buyer’s own interests
in connection with the Purchaser’s proposed investment in the Securities.

 

(b) Buyer is an “accredited
investor” and “sophisticated investor” within the meaning of Rules 501 and 506(b) of Regulation D promulgated
under the Securities Act. The transaction contemplated hereby is not a “public offering” within the meaning of
Section 4(a)(2) of the Act.

 

(c) Buyer represents that it is
familiar with the requirements of Rule 144 of the Securities Act, as presently in effect, and understands the resale limitations
imposed thereby. Buyer understands that no public market now exists for the Shares and that it is uncertain whether a public
market will ever exist.

 

(d) Without in any way limiting
the representations set forth above, Buyer further agrees not to make any disposition of all or any portion of the shares of
the Shares, except in compliance with applicable securities

laws.

 

(e) It is understood that the
certificates evidencing the Shares will bear a legend substantially in the form set forth below.

 

THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF
ANY OTHER JURISDICTION. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR
RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.
PURCHASERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF
TIME.

 ‌

    Section
4.04  Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other
fee or commission in connection with the transactions contemplated by this Agreement or the Escrow Agreement or any Ancillary Document
based upon arrangements made by or on behalf of Buyer.

 

 

    	 

    	 

    

 

 ‌

    Section
4.05  Sufficiency of Funds. Buyer has sufficient cash on hand or other sources of immediately available funds
to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement.

 ‌

    Section
4.06  Legal Proceedings. There are no Actions pending or, to Buyer’s knowledge, threatened against or
by Buyer or any Affiliate of Buyer that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by
this Agreement. No event has occurred or circumstances exist that may give rise or serve as a basis for any such Action.

 ‌

ARTICLE V

  

COVENANTS

 

    Section
5.01  Conduct of Business Prior to the Closing. From the date hereof until the Closing, except as otherwise
provided in this Agreement or consented to in writing by Buyer, SF shall, as an affiliate of the Company, conduct the business
of the Company in the ordinary course of business consistent with past practice; and use reasonable best efforts to maintain and
preserve intact the current organization, business and franchise of the Company, and to preserve the rights, franchises, goodwill
and relationships of its employees, customers, lenders, suppliers, regulators and others having business relationships with the
Company.

 ‌

    Section
5.02  Books and Records. Sellers shall retain the books and records of the Company relating to periods prior
to the Closing in a manner reasonably consistent with the prior practices of the Company.

 

    Section
5.03  Closing Conditions From the date hereof until the Closing, each party hereto shall, and Sellers shall
cause the Company to, use reasonable best efforts to take such actions as are necessary to expeditiously satisfy the closing conditions
set forth in Article VII hereof.

 

    Section
5.04  Public Announcements. Unless otherwise required by applicable Law, based upon the reasonable advice
of counsel, no party to this Agreement shall make any public announcements in respect of this Agreement or the transactions contemplated
hereby, or otherwise communicate with any news media without the prior written consent of the other party (which consent shall
not be unreasonably withheld or delayed), and the parties shall cooperate as to the timing and contents of any such announcement.

 

    Section
5.05  Further Assurances. Following the Closing, each of the parties hereto shall, as a material condition
of this Agreement, execute and deliver such additional documents, instruments, conveyances and assurances and take such further
actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this
Agreement.

 ‌

Section 5.06  Governmental
Approvals and Consents. Each party hereto shall, as promptly as possible, (i) make, or cause or be made, all filings and submissions
required under any Law applicable to such party or any of its Affiliates; and (ii) use reasonable best efforts to obtain, or cause
to be obtained, all consents, authorizations, orders and approvals from all Governmental Authorities that may be or become necessary
for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement. Each party
shall cooperate fully with the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations,
orders and approvals. The parties hereto shall not willfully take any action that will have the effect of delaying, impairing or
impeding the receipt of any required consents, authorizations, orders and approvals.

 

 

    	 

    	 

    

 

ARTICLE VI

  

CONDITIONS TO CLOSING

  ‌

 

    Section
6.01  Conditions to Obligations of All Parties. The obligations of each party to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment, at or prior to the Closing, of each of the following conditions:

 

(a)  The Parties shall have
duly performed and complied in all material respects with all agreements, covenants and conditions required by this Agreement and
the Ancillary Documents to be performed or complied with by it prior to or on the Closing Date.

 

(b)  No Governmental Authority
shall have enacted, issued, promulgated, enforced or entered any Governmental Order which is in effect and has the effect of making
the transactions contemplated by this Agreement illegal, otherwise restraining or prohibiting consummation of such transactions
or causing any of the transactions contemplated hereunder to be rescinded following completion thereof.

 

    
(c)  No injunction or restraining order shall have been issued by any Governmental Authority, and be in   effect,
which restrains or prohibits any material transaction contemplated hereby.

 

Section 6.02  Conditions
to Obligations of Sellers.

 

(a) The representations and warranties
of Buyer contained in this Agreement, and the Ancillary Documents and any certificate or other writing delivered pursuant hereto
shall be true and correct in all respectson and as of the date hereof and on and as of the Closing Date with the same effect
as though made at and as of such date.

 

(b) Buyer shall have duly performed
and complied in all material respects with all agreements, covenants and conditions required by this Agreement and the Ancillary
Documents to be performed or complied with by it prior to or on the Closing Date.

 

(c) No Action shall have been
commenced against Buyer, which would prevent the Closing. No injunction or restraining order shall have been issued by any
Governmental Authority, and be in effect, which restrains or prohibits any transaction contemplated hereby.

 

(d) Buyer shall have previously
deposited $50,000 with Escrow Agent, and shall have delivered to Escrow

Agent the Purchase Price for the Shares by wire transfer of immediately available funds at least (1) one Business Days prior
to the Closing Date, and Escrow Agent shall have taken action to wire transfer the Purchase Price to the recipients on Schedule
B.

 

(e) The offer and sale of the
Shares to Buyer pursuant to this Agreement shall be exempt from the registration requirements of the Securities Act and the
registration and/or qualification requirements of all other applicable state securities laws.

 

Section 6.03  Conditions
to Obligations of Buyer.

 

(a) The representations and warranties
of Sellers contained in this Agreement, and the Ancillary Documents and any certificate or other writing delivered pursuant
hereto shall be true and correct in all respects (in the case of any representation or warranty qualified by materiality or
Material Adverse Effect) or in all material respects (in the case of any representation or warranty not qualified by materiality
or Material Adverse Effect) on and as of the date hereof and on and as of the Closing Date with the same effect as though made
at and as of such date (except those representations and warranties that address matters only as of a specified date, the accuracy
of which shall be determined as of that specified date in all respects).

 

(b) Sellers shall
have duly performed and complied in all material respects with all agreements,

covenants and conditions required by this Agreement and the Ancillary Documents to be performed or

complied with by it prior to or on the Closing Date.

 

(c) To the best
of Sellers’ knowledge and belief the offer and sale of the Shares to Buyer pursuant to this

Agreement shall be exempt from the registration requirements of the Securities Act and the registration

and/or qualification requirements of all other applicable state securities laws.

 

 

    	 

    	 

    

 

 

(d) No Action shall have been
commenced against Buyer, Sellers or the Company, which would prevent the Closing. No injunction or restraining order shall
have been issued by any Governmental Authority, and be in effect, which restrains or prohibits any transaction contemplated
hereby.

 

(e) All approvals, consents and
waivers that are contained in the Ancillary documents have been received, and executed counterparts thereof shall have been
delivered to Escrow Agent and Buyer at or prior to the Closing.

 

(f) From the date of this Agreement,
there shall not have occurred any Material Adverse Effect, nor shall any event or events have occurred that, individually or
in the aggregate, with or without the lapse of time, could reasonably be expected to result in a Material Adverse Effect to
Company.

 

(g) Buyer shall have received
the executed resignations of SF and Ralph Shearin, as the sole directors of the

Company, along with the concurrent appointment of Justin Costello as the director of the Company.

 

(h) Escrow Agent
shall have delivered, or caused to be delivered by book transfer to Buyer the Shares, free

and clear of Encumbrances.

 

(i) Sellers shall have delivered
to Buyer such other documents or instruments as Buyer reasonably requests and are reasonably necessary to consummate the transactions
contemplated by this Agreement.

 

 ‌
ARTICLE VII

  

INDEMNIFICATION

  ‌

 

    Section 7.01  Survival.
Subject to the limitations and other provisions of this Agreement, the representations and warranties contained herein shall survive
the Closing and shall remain in full force and effect until the date that is one year from the Closing Date.

 ‌

    Section
7.02  Indemnification By Sellers. Subject to the other terms and conditions of this Article VII, Sellers shall
contribute toward indemnifying and defending the Buyer and its Affiliates and their respective Representatives (collectively, the
“Buyer Indemnitees”) against, and shall hold each of them harmless from and against, and shall pay and reimburse
each of them for, any and all Losses incurred or sustained by, or imposed upon, Buyer or Buyer Indemnitees, including reasonable
attorney fees, based upon, arising out of, with respect to or by reason of:

 

(a)  any inaccuracy in or
breach of any of the representations or warranties of Sellers contained in this Agreement or in any certificate or instrument delivered
by or on behalf of Sellers pursuant to this Agreement as of the date such representation or warranty was made, or as if such representation
or warranty was made on and as of the Closing Date (except for representations and warranties that expressly relate to a specified
date, the inaccuracy in or breach of which will be determined with reference to such specified date);

 

(b)  any breach or non-fulfillment
of any covenant, agreement or obligation to be performed by Sellers pursuant to this Agreement; or,

 

(c)  any Transaction Expenses
or Indebtedness of any kind of the Company outstanding as of the Closing, to the extent not deducted from the Purchase Price pursuant
to Section 2.04 and Schedule B.

 

Notwithstanding anything else to the
contrary in this Agreement, Sellers’ contribution to and responsibility for the costs of indemnifying and defending for Losses
referenced above and elsewhere in this Agreement, including any breach of warranties, representations, or covenants hereunder (“Damages”),
if any such occur, shall not exceed the greater of an aggregate of seventy thousand dollars ($70,000), or the value of an aggregate
value of 500,000 shares of the common stock of the Company retained by Sellers at closing (“Indemnity Shares”). The
value of such retained Indemnity Shares shall be determined by the average closing price for the 30 business days prior to Buyer’s
claim, if any. Sellers’ cash obligations, if any, hereunder shall be allocated 50/50 among Sellers (capped at thirty-five
thousand dollars ($35,000 each), and each Seller’s obligation shall be several and not joint. In the case of Indemnity Shares,
SF shall be responsible for providing 65% of same, and DC shall be responsible for providing 35% of same (again, each Seller’s
obligations shall be several and not joint).

 

 

    	 

    	 

    

 

 

    Section
7.03  Indemnification By Buyer. Subject to the other terms and conditions of this Article VII, Buyer shall
indemnify and defend each of Sellers and their Representatives (collectively, the “Sellers Indemnitees”) against,
and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred
or sustained by, or imposed upon, the Sellers Indemnitees based upon, including reasonable attorney fees, arising out of, with
respect to or by reason of:

 

(a)  any inaccuracy in or
breach of any of the representations or warranties of Buyer contained in this Agreement or in any certificate or instrument delivered
by or on behalf of Buyer pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation
or warranty was made on and as of the Closing Date (except for representations and warranties that expressly relate to a specified
date, the inaccuracy in or breach of which will be determined with reference to such specified date); or

 

(b)  any breach or non-fulfillment
of any covenant, agreement or obligation to be performed by Buyer pursuant to this Agreement

 

    Section
7.04  Indemnification Procedures. The party making a claim under this Article VII is referred to as the “Indemnified
Party”, and the party against whom such claims are asserted under this Article VII is referred to as the “Indemnifying
Party”.

 

(a)  Third Party Claims.
If any Indemnified Party receives notice of the assertion or commencement of any Action made or brought by any Person who is not
a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing (a “Third
Party Claim”) against such Indemnified Party with respect to which the Indemnifying Party is obligated to provide indemnification
under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in
any event not later than thirty (30) calendar days after receipt of such notice of such Third Party Claim. The failure to give
such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only
to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified
Party shall describe the Third Party Claim in reasonable detail, shall include copies of all material written evidence thereof
and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified
Party. The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to
assume the defense of any Third Party Claim at the Indemnifying Party’s expense and by the Indemnifying Party’s own
counsel, and the Indemnified Party shall cooperate in good faith in such defense; provided, that if the Indemnifying Party
is Seller, such Indemnifying Party shall not have the right to defend or direct the defense of any such Third Party Claim that
(x) is asserted directly by or on behalf of a Person that is a supplier or customer of the Company, or (y) seeks an injunction
or other equitable relief against the Indemnified Party. In the event that the Indemnifying Party assumes the defense of any Third
Party Claim, it shall have the right to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims
pertaining to any such Third Party Claim in the name and on behalf of the Indemnified Party. The Indemnified Party shall have the
right to participate in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Party’s
right to control the defense thereof. The fees and disbursements of such counsel shall be at the expense of the Indemnified Party,
provided, that if in the reasonable opinion of counsel to the Indemnified Party, (A) there are legal defenses available
to an Indemnified Party that are different from or additional to those available to the Indemnifying Party; or (B) there exists
a conflict of interest between the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall
be liable for the reasonable fees and expenses of counsel to the Indemnified Party in each jurisdiction for which the Indemnified
Party determines counsel is required. If the Indemnifying Party elects not to compromise or defend such Third Party Claim, fails
to promptly notify the Indemnified Party in writing of its election to defend as provided in this Agreement, or fails to diligently
prosecute the defense of such Third Party Claim, the Indemnified Party may, subject to Section 8.05(b), pay, compromise, defend
such Third Party Claim and seek indemnification for any and all Losses based upon, arising from or relating to such Third Party
Claim. Sellers and Buyer shall cooperate with each other in all reasonable respects in connection with the defense of any Third
Party Claim, including making available records relating to such Third Party Claim and furnishing, without expense (other than
reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the non-defending party as may
be reasonably necessary for the preparation of the defense of such Third Party Claim.

 

 

    	 

    	 

    

 

 

(b)  Settlement of Third
Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of
any Third Party Claim without the prior written consent of the Indemnified Party. If a firm offer is made to settle a Third Party
Claim without leading to liability or the creation of a financial or other obligation on the part of the Indemnified Party and
provides, in customary form, for the unconditional release of each Indemnified Party from all liabilities and obligations in connection
with such Third Party Claim and the Indemnifying Party desires to accept and agree to such offer, the Indemnifying Party shall
give written notice to that effect to the Indemnified Party. If the Indemnified Party fails to consent to such firm offer within
ten (10) days after its receipt of such notice, the Indemnified Party may continue to contest or defend such Third Party Claim
and in such event, the maximum liability of the Indemnifying Party as to such Third Party Claim shall not exceed the amount of
such settlement offer. If the Indemnified Party fails to consent to such firm offer and also fails to assume defense of such Third
Party Claim, the Indemnifying Party may settle the Third Party Claim upon the terms set forth in such firm offer to settle such
Third Party Claim. If the Indemnified Party has assumed the defense, it shall not agree to any settlement without the written consent
of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed).

 

(c)  Direct Claims. Any
Action by an Indemnified Party on account of a Loss which does not result from a Third Party Claim (a “Direct Claim”)
shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event
not later than thirty (30) days after the Indemnified Party becomes aware of such Direct Claim. The failure to give such prompt
written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent
that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall describe
the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated
amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying Party
shall have thirty (30) days after its receipt of such notice to respond in writing to such Direct Claim. The Indemnified Party
shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance alleged to give rise
to the Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and the Indemnified Party
shall assist the Indemnifying Party’s investigation by giving such information and assistance (including access to the Company’s
premises and personnel and the right to examine and copy any accounts, documents or records) as the Indemnifying Party or any of
its professional advisors may reasonably request. If the Indemnifying Party does not so respond within such thirty (30) day period,
the Indemnifying Party shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue
such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement.

 ‌

(d)  Tax Claims. Notwithstanding
any other provision of this Agreement, the control of any claim, assertion, event or proceeding in respect of Taxes of the Company
(including, but not limited to, any such claim in respect of a breach of the representations and warranties in Section 3.14 hereof
or any breach or violation of or failure to fully perform any covenant, agreement, undertaking or obligation in Article III) shall
be governed exclusively by Section 3.14(c) of Article III hereof.

 

 

 

    	 

    	 

    

 

ARTICLE VIII

  

TERMINATION

  

 

    Section
8.01  Termination. This Agreement may be terminated at any time prior to the Closing:

 

(a)  by the mutual written
consent of Sellers and Buyer;

 

(b) without further obligations of
any party, if this Agreement is not closed by June 28, 2019;

 

(b)  by Buyer by written
notice to Sellers if:

 

(i)   there has been a breach,
inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by Sellers pursuant to this Agreement
that would give rise to the failure of any of the conditions specified in this Agreement and such breach, inaccuracy or failure
has not been cured by Sellers within ten (10) days of Seller’s receipt of written notice of such breach from Buyer; or

 

(ii)  any of the conditions
set forth in Article VI shall not have been, or if it becomes apparent that any of such conditions will not be, fulfilled by June
28, 2019, unless such failure shall be due to the failure of Buyer to perform or comply with any of the covenants, agreements or
conditions hereof to be performed or complied with by it prior to the Closing;

 

(c)  by Sellers by written
notice to Buyer if:

 

(i)   there has been a breach,
inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by Buyer pursuant to this Agreement
that would give rise to the failure of any of the conditions specified in Article VI and such breach, inaccuracy or failure has
not been cured by Buyer within [ten] days of Buyer’s receipt of written notice of such breach from Seller; or

 

(ii)  any of the conditions
set forth in Article VI shall not have been, or if it becomes apparent that any of such conditions will not be, fulfilled by June
28, 2019, unless such failure shall be due to the failure of Sellers to perform or comply with any of the covenants, agreements
or conditions hereof to be performed or complied with by it prior to the Closing; or

 

(d)  by Buyer or Sellers
in the event that (i) there shall be any Law that makes consummation of the transactions contemplated by this Agreement illegal
or otherwise prohibited or (ii) any Governmental Authority shall have issued a Governmental Order restraining or enjoining the
transactions contemplated by this Agreement, and such Governmental Order shall have become final and non-appealable.

 ‌

 

    Section
8.02  Effect of Termination. In the event of the termination of this Agreement in accordance with this Article,
this Agreement and the Escrow Agreement shall forthwith become void and there shall be no liability on the part of any party.

 

ARTICLE IX

  

MISCELLANEOUS

  

 

    Section
9.01  Expenses. Except as otherwise expressly provided herein, all costs and expenses, including, without
limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and
the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the Closing shall
have occurred.

 

 

    	 

    	 

    

 

 ‌

    Section
9.02  Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder
shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b)
when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by
facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient,
and on the next Business Day if sent after normal business hours of the recipient or (d) on the third (3rd) day after
the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to
the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given
in accordance with this Section 9.02):

 

	If to Sellers:	STEPHEN FLECHNER

14374 E. Caley Ave

Aurora, CO 80016

After July 1, 2019 to:

67 Fredericks Street

West Orange, NJ 07052

E-mail: seflech@aol.com

DAVID CUTLER

9605 W. 49TH Ave

Suite 200

Wheat Ridge, CO 80033

E-mail: d.cutler@cutlerepas.com

	 	 
	If to Buyer:	GRN FUNDS, LLC

3000 Northup Way #101

Bellevue, WA 98004

Facsimile:[FAX NUMBER]

E-mail: jcostello@grnfunds.com

Attention: Justin Costello

 

Section
9.03  Interpretation. For purposes of this Agreement, (a) the words “include,” “includes”
and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or”
is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto” and
“hereunder” refer to this Agreement as a whole. Unless the context otherwise requires, references herein: (x) to Articles,
Sections, Disclosure Schedules and Exhibits mean the Articles and Sections of, and Disclosure Schedules and Exhibits attached to,
this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended,
supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute
as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement
shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting
an instrument or causing any instrument to be drafted. The Disclosure Schedules and Exhibits referred to herein shall be construed
with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.

 

    Section
9.04  Headings. The headings in this Agreement are for reference only and shall not affect the interpretation
of this Agreement.

 

 

    	 

    	 

    

 

 

  Section 9.05  Severability.
If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality
or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term
or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable,
the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally
contemplated to the greatest extent possible.

 ‌

    Section
9.06  Entire Agreement. This Agreement and the Ancillary Documents constitute the sole and entire agreement
of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous
understandings and agreements, both written and oral, with respect to such subject matter. In the event of any inconsistency between
the statements in the body of this Agreement and those in the Ancillary Documents, the Exhibits and Disclosure Schedules, the statements
in the body of this Agreement will control.

 ‌

    Section
9.07  Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective successors and permitted assigns. Neither party may assign its rights or obligations hereunder without
the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed; provided, however,
that prior to the Closing Date, Buyer may, without the prior written consent of Seller, assign all or any portion of its rights
under this Agreement to one or more of its direct or indirect wholly-owned subsidiaries. No assignment shall relieve the assigning
party of any of its obligations hereunder.

 ‌

    Section
9.08  No Third-party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their
respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other
Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 ‌

    Section
9.09  Amendment and Modification; Waiver. This Agreement may only be amended, modified or supplemented by
an agreement in writing signed by each party hereto. No waiver by any party of any of the provisions hereof shall be effective
unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed
as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar
or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any
right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege.

 

    Section
9.10  Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

 

 

(a)  This Agreement shall
be governed by and construed in accordance with the internal laws of the State of California without giving effect to any choice
or conflict of law provision or rule (whether of the State of California or any other jurisdiction).

 

(b)  ANY LEGAL SUIT, ACTION
OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE ANCILLARY DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF CALIFORNIA IN EACH CASE LOCATED
IN THE CITY OF SAN DIEGO AND COUNTY OF SAN DIEGO, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS
IN ANY SUCH SUIT, ACTION OR PROCEEDING. SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY’S ADDRESS
SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ANY SUCH COURT. THE
PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH
COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT
IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

 

    	 

    	 

    

 

 

 

(c)  EACH PARTY ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR THE ANCILLARY DOCUMENTS IS LIKELY TO INVOLVE COMPLICATED
AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE ANCILLARY DOCUMENTS] OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT
OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY,
AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 9.10(c). IN THE EVENT OF ANY SUCH SUIT, LEGAL ACTION OR ARBITRATION, THE PARTY OR PARTIES IN FAVOR OF WHOM THE
JUDGE OR ARBITRATOR RULES SHALL BE IMMEDIATELY REIMBURSED FOR ALL OF ITS COSTS AND REASONABLE LEGAL FEES BY THE OTHER PARTY.

 ‌

    Section
9.11  Specific Performance. The parties agree that irreparable damage would occur if any provision of this
Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance
of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity.

 ‌

    Section
9.12  Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original,
but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile,
e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed
copy of this Agreement.

 

 

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	
         

         
	
        STEPHEN FLECHNER

         

	
         

         
	
        By: /s/ Stephen Flechner

        Name: Stephen Flechner

         

        DAVID CUTLER

         

        By: /s/ David Cutler

        

        Name: David Cutler

 

	
         

         
	
        GRN FUNDS, LLC

         

	
         

         
	
        By: /s/ Justin Costello

        Name: Justin Costello

        Title: Manager

 

 

 

    	 

    	 

    

 

 

 

ESCROW AGREEMENT

 

This Escrow Agreement (hereinafter
"Escrow Agreement") is made and entered into this 24th day of May, 2019 (“Effective Date”), by
and between GRN Funds, LLC, a Washington state limited liability company (“Purchaser”) and, Stephen Flechner and David
Cutler, (“Sellers”), beneficial owners of 139,000,000 restricted common shares of Discovery Gold Corporation, a Nevada
corporation (“Company” or “DCGD”), and Mailander Law Office, Inc. ("Mailander"), with offices
at 945 4th Avenue, Ste. 311, San Diego, CA 92101 ("Escrow Agent"). The Buyer, Seller and Escrow Agent may be individually
referred to herein as a “Party” or collectively as the “Parties.”

 

 

WITNESSETH

 

WHEREAS:       The
Parties have entered into a non-binding term sheet that provides for Purchaser’s acquisition of Sellers’ 139,000,000
restricted common shares in DCGD. The Parties are amenable to moving the transaction forward based on those general terms, and
subject to Purchaser satisfactorily completing its due diligence into the proposed transaction, and the completion of other related
transaction documents including a stock purchase agreement;

 

WHEREAS,        It
is necessary to establish an escrow for the orderly receipt and disbursement of consideration to complete the purchase and sale
of Seller’s 139,000,000 Company restricted common shares by Purchaser, in exchange for Purchaser’s payment of three
hundred thousand dollars ($300,000.00) (“Purchase Price”) (generally, the “Transaction”).

 

WHEREAS,        The
Sellers and Purchaser desire that Mailander Law Office, Inc., serve as the Escrow Agent (Escrow Agent”) in connection with
the escrow.

 

NOW, THEREFORE, in consideration
of the foregoing recitals and the mutual covenants and obligations herein contained, the Parties hereto agree as follows:

 

Section 1.0 Preliminary Deposit by
Purchaser. Upon execution hereof, Purchaser shall deposit with Escrow Agent the sum of fifty thousand dollars ($50,000.00)
to be held in trust with Escrow Agent pending the Closing of the Transaction.

 

Section 2.0Due Diligence.
After Purchaser’s deposit noted in Section 1 above, Purchaser shall conduct due diligence into the Company. To the extent
possible, Sellers shall cooperate with Purchaser in obtaining whatever information Purchaser, and Purchaser’s financial and
legal advisors, request in order to conduct reasonable due diligence. The Parties agree that the binding letter of intent signed
by the Parties on May 17, 2019, shall be amended to delete the definition of “Closing Date” and to replace it with
the following: “Closing Date: The closing of the transactions contemplated hereby (“The Closing”) will occur
on or before June 15, 2019, (the “Closing Date”).” The Parties agree that due diligence shall be completed on
or before June 5, 2019.

 

a. To the extent reasonable
and necessary, Purchaser shall cooperate with Sellers in obtaining whatever information they may request in order to conduct reasonable
due diligence into Purchaser’s business and plans for the benefit of the Company’s shareholders.

 

 

 

    	 

    	 

    

 

Section 3.0Post Due Diligence Actions.
After Purchaser and Seller complete their respective due diligence investigations, each shall communicate in writing with the Escrow
Agent. If the Parties need and agree additional time is needed to complete their respective due diligence, that agreement shall
be reduced to a writing and lodged with the Escrow Agent. If the Parties have satisfactorily completed their due diligence, the
Parties shall execute a stock purchase agreement and any other related Transaction documents that may be necessary in order to
complete the Transaction (see Section 4, Closing). Conversely, if due diligence results in either Purchaser or Sellers respective
decision to not proceed with the Transaction, notice shall be delivered to the Escrow Agent, who shall then return any funds held
in trust to the Purchaser.

 

Section 4.0Closing. Subject
to the satisfactory completion of due diligence by the Parties, and the execution of the stock purchase agreement and related documents
necessary to complete the Transaction, the following shall occur:

 

a. Purchaser shall deposit
with Escrow Agent the balance of the Purchase Price within three (3) business days. Escrow Agent shall inform Sellers of his receipt
of the total Purchase Price ($300,000.00) that will be held in trust by Escrow Agent.

 

b. After receipt of the
total Purchase Price by Escrow Agent, and notice to Sellers, the Sellers’ shall execute a notarized irrevocable letter of
instruction to DCGD’s transfer agent, Action Stock Transfer Company, with instructions to transfer all legal right, title
and interest in the 139,000,000 shares of Sellers’ common stock to Purchaser or Purchaser’s designee, solely upon the
instruction and direction of Escrow Agent. The irrevocable letter of instruction shall be in a form approved by and delivered to
Purchaser.

 

c. Sellers shall direct
Action Stock Transfer to confirm in writing to the Escrow Agent, its receipt of the notarized irrevocable letter of instruction,
and confirms that it will only act to transfer Sellers’ 139,000,000 common shares upon the direction of Escrow Agent.

 

d. Immediately after Action
Stock Transfer confirms its receipt of the notarized irrevocable letter of instruction, with the direction to act to transfer the
139,000,000 restricted common shares upon Escrow Agents sole direction, Escrow Agent shall deliver by wire transfer to Sellers
the Purchase Price based upon Sellers’ directions, which must be in writing to the Escrow Agent.

 

e. The Closing will take
place at the office of the Escrow Agent, and any communication between the Parties can be by telephone or fax and the signing of
any documents can be done by fax or email. It will not be necessary for any party to be present at the Closing so long as all Parties
have agreed in writing to the Transaction. The Purchase Price, DCGD common shares, irrevocable letter of instruction or other Transaction
documents shall not be released or dealt with in any manner whatsoever inconsistent with this Escrow Agreement, until released
upon Closing.

 

f. This Agreement shall
terminate, and all documents and funds shall be returned if the Closing does not transpire by June 15, 2019 (“Closing”),
unless extended by the Parties.

 

Section 5.0No Other Duties.The
Escrow Agent shall have no duties or obligations other than those specifically set forth herein. The acceptance by the Escrow Agent
of its duties under this Escrow Agreement is subject to the terms and conditions hereof, which shall govern and control with respect
to its rights, duties, liabilities and immunities.

 

 

    	 

    	 

    

 

 

Section 6.0Conflicts Waiver.The
Sellers and Purchaser understand and acknowledge that Escrow Agent advised all parties that he is an attorney hired by the Purchaser
to conduct due diligence, draft documents, and advise the Purchaser concerning the Transaction.

 

a. Pursuant to California
Rules of Professional Conduct 3-310, a lawyer cannot represent persons with conflicting interests except with the informed written
consent of all such persons.

 

b. California law requires
that if there is even a possibility that a conflict may arise from joint representation as Escrow Agent in this matter, Escrow
Agent must obtain Sellers and Purchaser’s signed informed consent and waiver of the possible or actual conflict.

 

c. Escrow Agent explained
to Purchaser and Sellers that there exists actual, potential or perceived conflicting interests in the above described matter and
has informed Sellers and Purchaser of the possible consequences of these conflicts. Sellers and Purchaser also understand that
all have the right to and have been encouraged to consult independent counsel before signing this document.

 

d. By their respective
signatures below, the Parties hereby acknowledge notice and hereby waive any actual or potential conflict of interest.

 

Section 7.0 Duties of Escrow Agent.
The Escrow Agent shall be obligated only for the performance of such duties as are specifically set forth herein, and shall rely
and shall be protected in acting or refraining from acting on any instrument believed by it to be genuine and to have been signed
or presented by the proper party or parties, their officers, representatives or agents. So long as the Escrow Agent has acted in
good faith or on the advice of counsel or has not been guilty of willful misconduct or gross negligence, the Escrow Agent shall
have no liability under, or duty to inquire beyond the terms and provisions, of this Escrow Agreement, and it is agreed that its
duties are purely ministerial in nature.

 

a. The Escrow Agent shall
review the Documents referenced in this agreement and this Transaction for accuracy or completeness before Closing. Escrow Agent
shall provide the Parties with a Closing Statement outlining the dates and events of Escrow.

 

b. The Escrow Agent shall
not be obligated to take any legal actions hereunder which might, in the Escrow Agent’s judgment, involve any expense or
liability, unless the Escrow Agent has been furnished with reasonable indemnity.

 

c. The Escrow Agent shall
not be bound by any modification, amendment, termination, cancellation, rescission or supersession of this Escrow Agreement unless
the same shall be in writing and signed by the Parties hereto and, if its duties as Escrow Agent hereunder are affected thereby,
unless it shall have given prior written consent thereto. Parties can appoint a new escrow agent with the consent of the Escrow
Agent.

 

Section 8.0 Indemnification of the Escrow
Agent. The parties hereto each jointly and severally agree to indemnify the Escrow Agent against, and hold the Escrow Agent
harmless from anything which the Escrow Agent shall do or refrain from doing in connection with his performance or non-performance
as Escrow Agent under this Agreement and any and all losses, costs, damages, expenses, claims and attorneys' fees suffered or incurred
by the Escrow Agent as a result of, in connection with or arising from or out of the duties of the Escrow Agent in performance
of or pursuant to this Agreement, except such acts or omissions as shall result from the Escrow Agent's willful misconduct or gross
negligence.

 

 

    	 

    	 

    

 

 

Section 9.0 Adverse Claims. In
the event that prior to Closing, a disagreement between the Sellers and Purchaser, or any of them, or between them or any of them
and any other person, resulting in adverse claims or demands being made in connection with the Purchase Price, and/or legal possession
of Shares, or in the event that the Escrow Agent is in doubt as to what action the Escrow Agent should take hereunder, the Escrow
Agent may, at its option, refuse to comply with any claims or demands on it, or refuse to take any other action hereunder, so long
as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent shall not be or become liable in any
way or to any person for its failure or refusal to act, and the Escrow Agent shall be entitled to continue so to refrain from acting
until:

 

a. the rights of Sellers
and Purchaser shall have been fully and finally adjudicated through arbitration as provided herein, or by a court of competent
jurisdiction; or,

 

b. all differences shall
have been adjusted and all doubt resolved by agreement between the parties, and the Escrow Agent shall have been notified thereof
in writing signed by all parties.

 

c. Should Escrow Agent
become involved in litigation or arbitration in any manner whatsoever on account of this agreement or the Transaction contemplated
thereby, the Parties hereto (other than Escrow Agent), hereby bind and obligate themselves, their heirs, personal representatives,
successors, assigns to pay Escrow Agent, reasonable attorneys' fees incurred by Escrow Agent, and other disbursements, expenses,
losses, costs and damages in connection with or resulting from such actions.

 

d. In the event of such
litigation or arbitration, the Party in favor of whom the judge or arbitrator rules shall be immediately reimbursed for all its
costs, including reasonable attorney fees, by the other Party.

 

Section 10 Irrevocability of Terms.
The terms of these instructions are irrevocable by the undersigned unless such revocation is consented to in writing by Sellers
and Purchaser.

 

Section 11 Closing Statement.
The Escrow Agent shall provide a Closing Statement to the Parties upon the successful completion of the Transaction or upon the
failed Transaction.

 

Section 12 Notices. Any notices
or other communications required or permitted hereunder shall be sufficiently given if: (i) personally delivered to or (ii) sent
by registered mail or certified mail, postage prepaid, or (iii) by prepaid telegram or email addressed as follows:

 

If to Sellers:

 

Stephen E. Flechner

Email address: seflechner@gmail.com

Address:

 

David J. Cutler

Email address: d.cutler@cutlercpas.com

Address:

 

 

    	 

    	 

    

 

 

If to Purchaser:

 

GRN Funds, LLC

Justin Costello

Care of 945 4th
Avenue, Ste. 311

San Diego, CA 92101

Email address: jcostello@grnfunds.com

 

If to Escrow Agent:

 

Tad Mailander

945 4th Avenue, #311, San Diego, CA 92101

Phone: (619) 239-9034

Email: tmailander@gmail.com

 

or such other address as shall be furnished
in writing by any party in the manner for giving notices hereunder, and any such notice or communication shall be deemed to have
been given as of the date so delivered, mailed, emailed or faxed.

 

Section 13 Choice of Law/Venue/Waiver
of Jury Trial. This Escrow Agreement shall be construed under and in accordance with the laws of the State of California,
without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. Each Party hereby
irrevocably submits to the exclusive jurisdiction of the superior courts sitting in San Diego, California, for the adjudication
of any dispute hereunder or in connection herewith, 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. Each Party hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
thereof to such Party at the address for such notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

a. In the event of such
litigation or arbitration, the Party in favor of whom the judge or arbitrator rules shall be immediately reimbursed for all its
costs, including reasonable attorney fees, by the other Party.

 

Section 14 Successors and Assigns.
Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the Parties hereunder, will be
binding upon and inure to the benefit of the Parties’ respective successors, assigns, heirs, executors, administrators and
legal representatives.

 

Section 15 Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which taken together
shall constitute one instrument. In the event that any signature is delivered by facsimile transmission or other electronic means
(including, without limitation, as a .pdf or .tif file), such signature shall create a valid and binding obligation of the Party
executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile or electronic
signature page were an original thereof.

 

 

    	 

    	 

    

 

 

Section 16 Titles and Headings.
The titles, captions and headings of this Agreement are included for ease of reference only and will be disregarded in interpreting
or construing this Agreement.

 

Section 17 Severability. If
any provision of this Agreement is determined by any California state court of competent jurisdiction to be invalid, illegal or
unenforceable in any respect, such provision will be enforced to the maximum extent possible given the intent of the Parties hereto.
If such clause or provision cannot be so enforced, such provision shall be stricken from this Agreement and the remainder of this
Agreement shall be enforced as if such invalid, illegal or unenforceable clause or provision had (to the extent not enforceable)
never been contained in this Agreement.

 

Section 18 Further Assurances.
The Parties agree to execute such further documents and instruments and to take such further actions as may be reasonably necessary
to carry out the purposes and intent of this Agreement.

 

 

IN WITNESS WHEREOF, the
undersigned have caused this Escrow Agreement to be executed by their duly authorized officers on the date first above written.

 

SELLERS:

	 	 	 
	/s/ Stephen E. Flechner	 	/s/ David J. Cutler
	By: STEPHEN E. FLECHNER	 	By: DAVID J. CUTLER

 

 

 

PURCHASER: GRN FUNDS, LLC

 

/s/ Justin Costello 

By: JUSTIN COSTELLO

MANAGER

 

 

 

ESCROW AGENT: MAILANDER LAW OFFICE, INC.

 

 

/s/ Tad Mailander

By: Tad Mailander

 

 

 

    	 

    	 

    

 

 

 

 

DISCOVERY
GOLD CORPORATION

 

Schedule
B

 

ESCROW
DISTRIBUTIONS FROM PURCHASE CONSIDERATION

 

Purchase
consideration

Bulldog
Trading Inc. ($35,000)

Charles
Wilson ($10,000)

 

Edgar
Technology ($1,850)

Pinnacle
Accounting ($1,500)

Techandtaxes
LLC ($600)

 

Ralph
Shearing ($10,000)

Michael
Littman ($5,000)

Sichenza
Ross Ference LLP ($62,618.67)

David
Cutler ($72,087.66)

 

Steven
Flechner ($71,018.67)

 

Escrow
charges ($325)

 

To
be distributed in 12 months ($30,000)

 

 

 

    	 

    	 

    

 

 

 

[Schedule C]

 

 

 

CERTIFICATE OF CORPORATE RESOLUTION

 

The undersigned, being a majority of the duly elected and qualified
directors of Norman Cay Development, Inc., a corporation duly organized and existing under the laws of the State of Nevada, do
hereby certify and affirm that on the 24th day of March, 2010, a duly and regularly called meeting was held, and the
following resolutions duly adopted by the Board of Directors pursuant to the bylaws of the corporation.

 

RESOLVED, THAT

 

FIRST, Action Stock Transfer Corporation (Transfer Agent) be and
it is hereby appointed sole transfer agent of the securities of this corporation,

 

SECOND, that the President and the Secretary of the Corporation
or other duly authorized officers hereof, be and they are hereby authorized and directed to execute and deliver, on behalf of the
Corporation, that certain contract and agreement by and between the Corporation and Action Stock Transfer Corporation of Salt Lake
City, Utah, a copy of which is attached hereto and incorporated herein and made a part hereof, to be effective on the date of its
execution,

 

THIRD, the Secretary of the Corporation is hereby instructed to
file with the Transfer Agent the

information and documents set forth in Paragraph 2 of the contract
approved in SECOND above.

 

FOURTH, that the Corporation terminates and cancels any and all
prior agreements respecting the retention of a transfer agent of securities of the Corporation.

 

These resolutions aforesaid are presently in due force and effect
as is the contract between the Corporation and Action Stock Transfer Corporation which is attached to this certificate of Corporate
Resolution.

 

 

 

    	 

    	 

    

 

AGREEMENT

 

This agreement made and entered into the 24th day of
March 2010, by and between Action Stock Transfer Corporation hereinafter referred to as Action and Norman Cay Development, Inc.,
hereinafter referred to as the Company.

 

WHEREFORE:

 

1. Action shall be and is hereby appointed Transfer Agent and Registrar
for the securities of the Company.

 

2. An authorized officer of the Company shall file the following
with Action before Action commences to act as Transfer Agent:

 

A. A copy of the Articles of Incorporation of the Company and all
amendments thereto, and a copy of the Certificate of Incorporation as issued by the State of Incorporation.

 

B. A copy of the by-laws of the Company incorporating
all amendments thereto.

 

C. Specimens of all forms of outstanding certificates
for securities of the Company, in the forms approved by the Board of Directors.

 

D. A list of all outstanding securities together with a statement
that future transfers may be made without restriction on all securities, except as to securities subject to a restriction noted
on the face of said securities and in the corporate stock records.

 

E. A list of all shareholders deemed to be considered “insiders”
or “control persons" as defined in the Securities Act of 1933 & 1934 and other acts of Congress and rules and regulations
of the United States Securities and Exchange Commission when applicable,

 

F. The names and specimen signatures of all officers
who are and have been authorized to sign certificates for securities on behalf of the Company and the names and addresses of
any other Transfer Agents or Registrars of securities of the Company.

 

G. A copy of the resolution of the Board of Directors of the Company
authorizing the execution of this Agreement and approving the terms and conditions herein,

 

H. A certificate as to the authorized and outstanding securities
of the Company, its address to which notices may be sent, the names and specimen signatures of the Company's officers who are authorized
to sign instructions or requests to the Transfer Agent on behalf of this Company, and the name and address of legal counsel to
this Company.

 

I. In the event of any future amendment or change in respect of
any of the foregoing, prompt written notification of such change, together with copies of all relevant resolutions, instruments
or other documents, specimen signatures, certificates, opinions or the like as the Transfer Agent may deem necessary or appropriate.

 

 

    	 

    	 

    

 

 

3. Action, as Transfer Agent, shall make original issues of securities
upon the written request of the Company and upon being furnished with a copy of a resolution of the Board of Directors of the Company
authorizing such issue certified by the Corporate Secretary.

 

4. The Company hereby authorizes Action to purchase from time to
time, certificates as may be needed by it to perform regular transfer duties; not to exceed 2,000 without prior written approval
of the Company, with such costs being paid in advance by the Company. Such certificates shall be signed manually or by facsimile
signatures of officers of the Company authorized by law or the by-laws of the Company to sign certificates and if required, shall
bear the corporate seal of the Company or a facsimile thereof.

 

5. Transfer of securities shall be made and effected by Action and
shall be registered and new certificates issued upon surrender of the old certificates, in form deemed by Action properly endorsed
for transfer, with all necessary endorser’s signatures guaranteed in such manner and form as Action requires by a guarantor
reasonably believed by Action to be responsible accompanied by such assurances as Action shall deem necessary or appropriate to
evidence the genuineness and effectiveness of such necessary endorsement, and satisfactory evidence of compliance with all applicable
laws relating to collection of taxes, if any. That all transfer of securities and issuance and certificates shall be at a fee chargeable
by Action at its discretion. Such fee to be paid by such person, persons, firms or corporations requesting such transfer.

 

6. In registering transfers, Action may rely upon the Uniform Commercial
Code or any other statute which in the opinion of Counsel protects Action and the Company in not requiring complete documentation
in registering transfer without inquiry into adverse claims, in delaying registration for purposes of such inquiry, or in refusing
registration wherein its judgment and adverse claims require such refusal. The Company agrees to hold Action harmless from any
liability resulting from instructions issued by the Company.

 

7. When tail is used for delivery of certificates, Action shall
forward certificates in "non- negotiable" form by first class, registered or certified mail.

 

8. Action, as Transfer Agent, may issue new certificates in place
of certificates represented to have been lost, destroyed, or stolen, upon receiving indemnity satisfactory to Action, and may issue
new certificates in exchange for, and upon surrender of mutilated certificates.

 

9. In case of any request of demand for the inspection of the records
of the Company held by Action, Action shall endeavor to notify the Company and to secure instructions as to permitting or refusing
such inspection. However, Action may exhibit such records to any person in any case where it is advised by its counsel that it
may be held liable for failure to do so.

 

10. In case any officer of the Company who shall have signed manually
or whose facsimile signature shall have been affixed to blank certificates shall die, resign, or be removed prior to the issuance
of such certificates, Action may issue and register such certificates as the certificates of the Company notwithstanding such death,
resignation, or removal; and the Company shall file promptly with Action such approval, adoption, or ratification as may be required
by law.

 

11. Action shall maintain customary records in connection with its
agency, all of which shall be available for inspection by the Company at all reasonable times.

 

12. Action is authorized by the Company to use its own judgment
in matters affecting its duties as Transfer Agent, and in its discretion may apply to and act upon instructions of its own counsel,
or of the counsel of the Company in respect to any questions arising in connection with such agency, all legal fees to be at the
expense of the Company and Action is hereby relieved of any responsibility to the Company and is indemnified by the Company as
to any responsibility to third persons, for action taken in accordance with advice of such counselor its own judgment, remaining
liable only for its own willful default or misconduct.

 

 

    	 

    	 

    

 

 

13. Action shall be indemnified by the Company for any acts of Action
based upon:

 

A. Any paper or document reasonably believed by it to be genuine
and to have been signed by the proper Person or persons; and

 

B. Its recognition of certificates which it reasonably believes
to bear the proper manual or facsimile signatures of the officers of the Company and the proper counter-signature of the Transfer
Agent.

 

14. Action shall not be held to have notice of any change of authority
of any officer, employees or agent of the Company until receipt of written notification thereof from the Company.

 

15. So long as Action has acted in good faith and with due diligence
and without negligence, the Company shall assume full responsibility and shall indemnify Action and save it harmless from and against
all actions and suits, whether groundless or otherwise, and from and against any and all losses, damages, costs, charges, counsel
fees, payments, expenses and liabilities arising directly or indirectly out of agency relationship to the Company. Action shall
not be under any obligation to prosecute or to defend any action or suit in respect of such agency relationship which, in opinion
of its counsel, may involve it in expense or liability, unless the Company shall, so often as reasonably requested, furnish Action
with satisfactory indemnity against such expense or liability. Action shall be without liability to the Company, and is hereby
indemnified from any liability to third persons, from Action's refusal to perform any act in connection with this agency, wherein
reliance upon opinion of its counsel, Action in good faith believes that such act may subject it or its officers or employees to
criminal liability or injunctive sanctions under any law of any state or of the United States, and in particular, under the Securities
Act of 1933.

 

16. The Company may remove Action as Transfer Agent at any time
by giving a 30 day written notice in the form of a resolution from the Board of Directors calling for such removal (a copy of such
resolution shall be furnished to Action) and upon the payment of any and all reasonable charges owing to Action, including a reasonably
close out fee. Action may resign as Transfer Agent at any time giving written notice of such resignation to the Company at its
last known address, and thereupon its duties as Transfer Agent shall cease.

 

17. This agreement may not be assigned by Action without express
written consent of the Company.

 

18, Action may increase its transfer rates as it deems necessary,
without notification to client.

 

19. The Company was chartered under the laws of the State of Nevada
by Certificate of Incorporation filed in the office of the Nevada Secretary of State on the day of February, 2010.

 

20. The total number of shares of each class of the securities which
the Company is now authorized to issue and the number thereof now issued and outstanding is:

 

	 	A. Class:	 	Common	Preferred
	 	B. Par Value: 	 	$0.001	$0.001
	 	C. Authorized:	 	250,000,000	10,000,000
	 	D. Issued and Outstanding:	 	NIL	NIL

 

 

    	 

    	 

    

 

 

21. The duly elected and qualified officers and directors of this
Corporation, all owners of more than 10% of the outstanding stock (“principal shareholders") and all affiliates, as
defined in SEC Rule 144(a)(1), are as follows;

 

	Name	Title(s)	Address

 

SEE ATTACHED

CORPORATE FACT

SHEET

 

 

22. That the name, address, and phone number of Counsel to the Company
is:

 

Name: Norman Cay Development, Inc.

Address: 3033 F Avenue, Suite 201, San Diego, CA 92103

Phone: (619) 399-3090

 

 

 

23, That the address, phone, and fax number of the Company to which
all communication are to be sent:

 

Address: See above 

Phone:

Fax: (619) 399.0120

 

 

 

24. That the names and addresses of all past and present Transfer
Agents (other than Action) are: None

 

Agreed and entered into the day and year first written above,

 

	Company: Norman Cay Development, Inc.	 	Action Stock Transfer Corporation
	 	 	 
	/s/ Shelley Guidarelli	 	/s/ Justine Blankenship
	By: President	 	By: Justine Blankenship, President

 

 

 

    	 

    	 

    

 

 

 

Schedule
D

 

List
of all on-going employees, independent contractors, or consultants of

the
Company.

 

None.

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