Document:

Exhibit
4.5

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR IN ACCORDANCE WITH AN EXEMPTION FROM REGISTRATION UNDER THAT
ACT.

 

WARRANT
TO PURCHASE

SHARES
OF COMMON STOCK OF

CALETHOS,
INC.

 

This
certifies that Mireya Lange, or any party to whom this Warrant is assigned in accordance with its terms, is entitled to subscribe for
and purchase one hundred thousand (100,000) shares of the Common Stock of CalEthos, Inc., a Nevada corporation, on the terms and conditions
of this Warrant.

 

1.
Definitions. As used in this Warrant, the term:

 

1.1
“Business Day” means any day other than a Saturday, Sunday, or a day on which banking institutions in the State of
New York are authorized or obligated to be closed by law or by executive order.

 

1.2
“Common Stock” means the Common Stock, par value $.001 per share, of the Corporation.

 

1.3
“Corporation” means CalEthos, Inc., a Nevada corporation, or its successor.

 

1.4
“Expiration Date” means the third anniversary of the date on which the Common Stock is first traded on a national
securities exchange or the Canadian Stock Exchange.

 

1.5
“Holder” means Mireya Lange or any party to whom this Warrant is assigned in accordance with its terms.

 

1.6
“1933 Act” means the Securities Act of 1933, as amended.

 

1.7
“Warrant” means this Warrant and any warrants delivered in substitution or exchange for this Warrant in accordance
with the provisions of this Warrant.

 

1.8
“Warrant Price” means $1.87 per share of Common Stock, as such amount may be adjusted pursuant to Section 4 hereof.

 

2.
Exercise of Warrant.

 

(a)
At any time before the Expiration Date, the Holder may exercise the purchase rights represented by this Warrant, in whole or in part,
by surrendering this Warrant (with a duly executed subscription in the form attached) at the Corporation’s principal corporate
office (located on the date hereof in Tustin, California) and by paying the Corporation, by check payable to the Corporation, the aggregate
Warrant Price for the shares of Common Stock being purchased.

 

    	1

     

    

 

(b)
In lieu of exercising this Warrant pursuant to Section 1(a) above, the Holder may elect to exercise this Warrant on a “cashless”
basis and to receive, without the payment by the Holder of any additional consideration, shares of Common Stock equal to the value of
this Warrant (or the portion thereof being cancelled) by surrender of this Warrant at the principal office of the Corporation (together
with a duly executed subscription in the form attached), in which event the Corporation shall issue to the Holder hereof a number of
shares of Common Stock computed using the following formula:

 

	 	X
    =	Y
    (A-B)	 
	 		A	 

 

Where:
X = The number of shares of Common Stock to be issued to the Holder pursuant to this net exercise;

 

Y
= The number of shares of Common Stock in respect of which the net issue election is made;

 

A
= The fair market value of one share of the Common Stock at the time the net issue election is made;

 

B
= The Warrant Price (as adjusted to the date of the net issuance).

 

For
purposes of this Warrant, the “fair market value” of one share of Common Stock as of a particular date shall be determined
as follows: (i) if traded on a securities exchange or through an interdealer quotation system such as the OTC Bulletin Board or the OTC
Markets (or any successor thereto), the value shall be deemed to be the average of the closing sale prices of the Common Stock on such
exchange or quotation system over the ten (10) day period ending three (3) days prior to the net exercise election; (ii) if traded over-the-counter,
the value shall be deemed to be the average of the closing sale price over the ten (10) day period ending three (3) days prior to the
net exercise. If there is no reported sale price for the Common Stock, the fair market value of the Common Stock shall be the value as
determined in good faith by the Board of Directors of the Corporation.

 

2.1
Delivery of Certificates. Within three (3) days after each exercise of the purchase rights represented by this Warrant, the Corporation
shall deliver a certificate for the shares of Common Stock so purchased to the Holder and, unless this Warrant has been fully exercised
or expired, a new Warrant representing the balance of the shares of Common Stock subject to this Warrant.

 

2.2
Effect of Exercise. The person entitled to receive the shares of Common Stock issuable upon any exercise of the purchase rights
represented by this Warrant shall be treated for all purposes as the holder of such shares of record as of the close of business on the
date of exercise.

 

2.3
Issue Taxes. The Corporation shall pay all issue and other taxes that may be payable in respect of any issue or delivery to the
Holder of shares of Common Stock upon exercise of this Warrant.

 

3.
Stock Fully Paid; Reservation of Shares. The Corporation covenants and agrees that all securities that it may issue upon the exercise
of the rights represented by this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges.
The Corporation further covenants and agrees that, during the period within which the Holder may exercise the rights represented by this
Warrant, the Corporation shall at all times have authorized and reserved for issuance enough shares of its Common Stock or other securities
for the full exercise of the rights represented by this Warrant. The Corporation shall not, by an amendment to its Articles of Incorporation
or through reorganization, consolidation, merger, dissolution, issue or sale of securities, sale of assets or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms of this Warrant.

 

    	2

     

    

 

4.
Adjustments. The Warrant Price and the number of shares of Common Stock that the Corporation must issue upon exercise of this
Warrant shall be subject to adjustment in accordance with Sections 4.1 through 4.3.

 

4.1
Adjustment to Warrant Price for Combinations or Subdivisions of Common Stock. If the Corporation at any time or from time to time
after the date on which the Warrant Price is fixed at a set amount in U.S. dollars (1) declares or pays, without consideration, any dividend
on the Common Stock payable in Common Stock; (2) creates any right to acquire Common Stock for no consideration; (3) subdivides the outstanding
shares of Common Stock (by stock split, reclassification or otherwise); or (4) combines or consolidates the outstanding shares of Common
Stock, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Corporation shall proportionately increase
or decrease the Warrant Price, as appropriate.

 

4.2
Adjustments for Reclassification and Reorganization. If the Common Stock issuable upon exercise of this Warrant changes into shares
of any other class or classes of security or into any other property for any reason other than a subdivision or combination of shares
provided for in Section 4.1, including without limitation any reorganization, reclassification, merger or consolidation, the Corporation
shall take all steps necessary to give the Holder the right, by exercising this Warrant, to purchase the kind and amount of securities
or other property receivable upon any such change by the owner of the number of shares of Common Stock subject to this Warrant immediately
before the change.

 

4.3
Spin Offs. If the Corporation spins off any subsidiary by distributing to the Corporation’s shareholders as a dividend or
otherwise any stock or other securities of the subsidiary, the Corporation shall reserve until the Expiration Date enough of such shares
or other securities for delivery to the Holders upon any exercise of the rights represented by this Warrant to the same extent as if
the Holders owned of record all Common Stock or other securities subject to this Warrant on the record date for the distribution of the
subsidiary’s shares or other securities.

 

4.4
Certificates as to Adjustments. Upon each adjustment or readjustment required by this Section 4, the Corporation at its expense
shall promptly compute such adjustment or readjustment in accordance with this Section, cause independent public accountants selected
by the Corporation to verify such computation and prepare and furnish to the Holder a certificate setting forth such adjustment or readjustment
and showing in detail the facts upon which such adjustment or readjustment is based.

 

5.
Fractional Shares. The Corporation shall not issue any fractional shares in connection with any exercise of this Warrant. If any
fraction of a share would be issuable on the exercise of this Warrant (or specified portions thereof), the Corporation shall, at its
election, either purchase such fraction for an amount in cash equal to the same fraction of the Warrant Price of such share of Common
Stock on the date of exercise of this Warrant or round such fraction of a share up to one whole share.

 

6.
Dissolution or Liquidation. If the Corporation dissolves, liquidates or winds up its business before the exercise or expiration
of this Warrant, the Holder shall be entitled, upon exercising this Warrant, to receive in lieu of the shares of Common Stock or any
other securities receivable upon such exercise, the same kind and amount of assets as would have been issued, distributed or paid to
it upon any such dissolution, liquidation or winding up with respect to such shares of Common Stock or other securities, had the Holder
been the holder of record on the record date for the determination of those entitled to receive any such liquidating distribution or,
if no record is taken, upon the date of such liquidating distribution. If any such dissolution, liquidation or winding up results in
a cash distribution or distribution of property which the Corporation’s Board of Directors determines in good faith to have a cash
value in excess of the Warrant Price provided by this Warrant, then the Holder may, at its option, exercise this Warrant without paying
the aggregate Warrant Price and, in such case, the Corporation shall, in making settlement to Holder, deduct from the amount payable
to Holder an amount equal to such aggregate Warrant Price.

 

    	3

     

    

 

7.
Transfer and Exchange.

 

7.1
Transfer. Subject to Section 7.3, the Holder may transfer all or part of this Warrant at any time on the books of the Corporation
at its principal office upon surrender of this Warrant, properly endorsed. Upon such surrender, the Corporation shall issue and deliver
to the transferee a new Warrant or Warrants representing the Warrants so transferred. Upon any partial transfer, the Corporation shall
issue and deliver to the Holder a new Warrant or Warrants with respect to the Warrants not so transferred.

 

7.2
Exchange. The Holder may exchange this Warrant at any time at the principal office of the Corporation for Warrants in such denominations
as the Holder may designate in writing. No such exchanges will increase the total number of shares of Common Stock or other securities
that are subject to this Warrant.

 

7.3
Securities Act of 1933. By accepting this Warrant, the Holder agrees that this Warrant and the shares of the Common Stock issuable
upon exercise of this Warrant may not be offered or sold except in compliance with the 1933 Act, and then only with the recipient’s
agreement to comply with this Section 7 with respect to any resale or other disposition of such securities. The Corporation may make
a notation on its records in order to implement such restriction on transferability.

 

8.
Loss or Mutilation. Upon the Corporation’s receipt of reasonably satisfactory evidence of the ownership and the loss, theft,
destruction or mutilation of this Warrant and (in the case of loss, theft or destruction) of a reasonably satisfactory indemnity or (in
the case of mutilation) upon surrender and cancellation of this Warrant, the Corporation shall execute and deliver a new Warrant to the
Holder.

 

9.
Successors. All the covenants and provisions of this Warrant shall bind and inure to the benefit of the Holder and the Corporation
and their respective successors and assigns.

 

10.
Notices. All notices and other communications given pursuant to this Warrant shall be in writing and shall be deemed to have been
given when personally delivered or when mailed by prepaid registered, certified or express mail, return receipt requested. Notices should
be addressed as follows:

 

(a)
If to Holder, then to the address of the Holder on file in the books and records of the Corporation.

 

(b)
If to the Corporation, then to:

 

CalEthos,
Inc.

11753
Willard Avenue

Tustin,
California 92782

	 	Attention:
    	Michael
    Campbell
	 		Chief
    Executive Officer

 

Such
addresses for notices may be changed by any party by notice to the other party pursuant to this Section 10.

 

11.
Amendment. This Warrant may be amended only by an instrument in writing signed by the Corporation and the Holder.

 

12.
Construction of Warrant. This Warrant shall be construed as a whole and in accordance with its fair meaning. A reference in this
Warrant to any section shall be deemed to include a reference to every section the number of which begins with the number of the section
to which reference is made. This Warrant has been negotiated by both parties and its language shall not be construed for or against any
party.

 

13.
Law Governing. This Warrant is executed, delivered and to be performed in the State of New York and shall be construed and enforced
in accordance with and governed by the New York law without regard to any conflicts of law or choice of forum provisions.

 

    	4

     

    

 

Dated
as of September 15, 2021

 

	 	CALETHOS,
    INC.
	 	 	 
	 	By:	/s/Michael
    Campbell 
	 	Name:	Michael
    Campbell
	 	Title:	Chief
    Executive Officer

 

    	5

     

    

 

SUBSCRIPTION
FORM

 

(To
be executed only upon exercise of Warrant)

 

The
undersigned Holder hereby irrevocably elects to exercise the attached Warrant and to purchase ____________ shares of Common Stock of
CalEthos, Inc. issuable upon the exercisable of such Warrant and requests that certificates for such shares of Common Stock be issued
in the name of:

 

_________________________________

(Please
type or print name and address)

 

_________________________________

_________________________________

_________________________________

(Social
Security or Taxpayer I.D. No.)

 

and
delivered to ___________________________________________________________________________________

________________________________________________________________________________________________

(Please
type or print name and address)

 

and,
if such number of shares of Common Stock shall not be all the shares of Common Stock evidenced by such Warrant, that a new Warrant for
the balance of such shares of Common Stock shall be registered in the name of, and delivered to, the Holder at the address stated below.
Capitalized terms used and not defined herein shall have the respective meaning ascribed to them in the attached Warrant.

 

In
full payment of the purchase price with respect to the shares of Common Stock exercised, the undersigned hereby [tenders payment
of $ ________ by check payable in United States currency to the order of CalEthos, Inc. pursuant to Section 2(a) of the attached Warrant][exercises
the attached Warrant with respect to _____ shares of Common Stock via means of cashless exercise pursuant to Section 2(b) of the attached
Warrant and instructs the Corporation to issue _____ shares of Common Stock to the Holder.]

 

	Dated:	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	(Address)
	 	 	 	 
	 	 	 	 
	 	 	 	(Social
    Security or Taxpayer I.D. No.)

 

    	 

     

    

 

ISSUE
OF A NEW WARRANT

 

(To
be executed only upon partial exercise,

exchange,
or partial transfer of Warrant)

 

Please
issue Warrants, each representing the right to purchase shares of Common Stock of CalEthos, Inc. to the registered holder.

 

	Dated:	 	 
	 	 	 
	 	 	
	 	 	(Signature
    of Registered Holder)

 

    	 

     

    

 

FORM
OF ASSIGNMENT

 

FOR
VALUE RECEIVED, the undersigned registered Holder of this Warrant sells, assigns and transfers unto the Assignee named below all of the
rights of the undersigned under the Warrant, with respect to the number of shares of Common Stock set forth below (the “Transfer”):

 

	Name
    of Assignee  	 	Address
     	 	No.
    of Shares
	 	 	 	 	 
	 	 	 	 	 

 

The
undersigned irrevocably constitutes and appoints as the undersigned’s attorney-in-fact, with full power of substitution, to make
the transfer on the books of CalEthos, Inc.

 

	Dated:	 	 
	 	 	 
	 	 	
	 	 	(Signature)Exhibit
10.1

 

CONSULTING
AGREEMENT

 

CONSULTING
AGREEMENT, dated as of August 17, 2021, by and between CalEthos, Inc., a Nevada corporation (the “Company” to be renamed
AIQ Blockchain, Inc.), and M1 Advisors LLC a Delaware corporation (the “Consultant”).

 

WHEREAS,
the Company desires to retain the consulting services of the Consultant and to have the Consultant provide services as the Company’s
“Chief Executive Officer”, and the Company wishes to acquire and be assured of Consultant’s consulting services on
the terms and conditions hereinafter set forth; and

 

WHEREAS,
the Consultant desires to serve and consult with the Company on the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual terms, covenants, agreements and conditions hereinafter set forth, the Company and the
Consultant hereby agree as follows:

 

1. Consulting Relationship.

 

(a)
The Company hereby retains the Consultant to consult with the Company from time to time and to perform the consulting services
provided in Section 3 hereof, and the Consultant hereby agrees to perform such consulting services, for the period set forth in
Section 2 hereof. During the Consulting Term (as hereinafter defined), Consultant shall not be deemed to be an employee of the
Company but shall be an independent contractor and all of the terms and conditions of this Agreement shall be interpreted in light
of that relationship. This Agreement does not create any employer-employee, agency or partnership relationship. As an independent
contractor, Consultant’s expenses shall be limited to those expressly stated in this Agreement.

 

(b) To
the best of the Consultant’s knowledge: (i) the Consultant is under no obligation to any former employer or other party that is
in any way inconsistent with, or that imposes any restriction upon, the Consultant’s acceptance of its engagement hereunder by
the Company, the engagement of the Consultant by the Company, or the Consultant’s undertakings under this Agreement and (ii) its
performance of all the terms of this Agreement and its engagement by the Company as a consultant does not and will not breach any agreement
to keep in confidence proprietary information acquired by the Consultant, or any affiliate thereof, in confidence or in trust prior to
its engagement by the Company.

 

2. Term.

 

(a) This
Agreement commences as of the date set forth above and will continue for an initial term of one (1) year (the “Initial Term”).
After the Initial Term, this Agreement shall be automatically renewed on a year-to-year basis unless either party hereto gives written
notice of termination (the “Termination Notice”) to the other party hereto not less than 30 days prior to the last day of
the then existing term. The Initial Term and any extension of the term of this Agreement pursuant to this Section 2(a) is hereinafter
referred to as the “Consulting Term”). Notwithstanding the foregoing, the Consulting Term shall terminate upon the death
of the Consultant.

 

    	 

     

    

 

(b) This
Agreement does not make Consultant an employee of CalEthos. However, it is envisioned that should certain milestones be met by the
Company and the Consultant and if both parties are interested in doing so, a formal employment agreement may be drawn up to
transition the Consultant to an employee of the Company. At that time the Company will be required to withhold payroll taxes and any
other government required deductions from the Employee’s monthly salary. In addition, as an employee, the Consultant will be
eligible for any government required or Company provided benefits.

 

(c) Should
an Employment Agreement be drawn up it would offer Consultant a starting annual base salary with a bonus and benefits program in line
with similar roles in the computer and bitcoin industries.

 

(d) Notwithstanding
Section 2(a) hereof, the Company may terminate this Agreement at any time for “Cause”. For purposes of this Agreement, “Cause,”
shall mean:

 

		i.	any
                                            fraud, misappropriation or embezzlement by the Consultant in connection with the Company’s
                                            business;
		ii.	any
                                            conviction of or guilty plea to a felony or a gross misdemeanor by the Consultant that has
                                            or can be expected to have a detrimental effect on the Company or on the Consultant’s
                                            ability to perform the Consultant’s duties;
		iii.	any
                                            communication or disclosure by the Consultant that may result in potential harm or damage
                                            to the reputation or business prospects of the Company, as determined in the sole discretion
                                            of the Company; or
		iv.	a
                                            breach by the Consultant of the provisions of Section 5 or 6 hereof.

 

3. Duties.

 

a.
The Consultant shall consult with the Company regarding its planned business endeavors to develop a 5 nanometer ASIC chip for
bitcoin mining machines and a completed bitcoin mining system for the Company as requested by the Company’s Board of Directors
from time to time, and shall act as the Company’s Chief Executive Officer of the Company during the Consulting Term; provided, however,
that the fee payable to the Consultant pursuant to Section 4(a) hereof shall constitute consideration for any such service and the
Consultant shall not be entitled to any additional compensation in respect of such service. The Consultant shall faithfully and
competently perform such consulting services at such times and places and in such manner as the Board of Directors of the Company
shall from time to time determine.

 

b. During
the Consulting Term, the Consultant shall be required to provide as much of his time as reasonably required to achieve the mutually agreed
to product development schedule and goals of the Company. The Consultant, during the term of this Agreement, may engage in other activities
as he may see fit, so long as such activities do not interfere with the performance of the Consultant’s duties pursuant to the
terms of this Agreement and do not violate the terms of sections 5 or 6 herein.

 

c. Specifically,
the Consultant will be responsible for building a management team and overseeing the execution of the Company’s plan to develop
a 5 nanometer ASIC chip for bitcoin mining machines and a complete bitcoin mining machine that the Company can sell to bitcoin miners.
The Consultant shall:

 

		i.	build
                                            a management team to execute the Company’s business plan.
		ii.	arrange
                                            all items necessary for operations in the U.S. and South Korea, including an office, manufacturing
                                            and warehousing facilities.
		iii.	oversee
                                            and manage all employees and contractors necessary to meet the Company’s chip and system
                                            development budget and schedule and develop, fund and staff a sales plan in advance of completed
                                            products being available for sale to the market.
		iv.	notwithstanding the foregoing, none of the shares shall vest unless, at the time of vesting, the Consultant shall be providing services as a Consultant or Employee of Company.

                                                                                

 

4. Fees, Equity Compensation and Expenses.

 

a. Fees.
During the Consulting Term, the Company shall pay the Consultant Sixteen Thousand, Six Hundred and Sixty-Six Dollars ($16,666.00) per
month for providing as many hours of work necessary and reasonably required to meet the development schedule and achieve the mutually
agreed to goals of the Company. The Fee amount shall be paid in cash twice monthly starting from after the Company has received a minimum
of $3,500,000 in debt or equity financing for the Company’s operations.

 

b. Equity
Compensation. The Company shall, pursuant to a Restricted Stock Agreement to be enter into by the Company and Consultant, grant the
Consultant Ten Million (1,500,000) shares of the Company’s Common Stock at $0.001 per share, which will vest as follows:

 

		i.	Seven
                                            Hundred and Fifty Thousand (750,000) shares shall vest upon the completion of the first two
                                            phases of chip development, which include the “FPGA Simulation” and “Tape
                                            Out” of the planned 5 nanometer ASIC chip, and,
		ii.	Seven
                                            Hundred and Fifty Thousand (750,000) shares shall vest upon the completion of the next two
                                            phases of the chip development that include the completion of the Foundry Mask for production
                                            in the semiconductor foundry and initial production run of chips and the completion of a
                                            bitcoin mining system ready for sale to customers.
		iii.	Should
                                            the Company not raise enough capital to complete the Foundry Mask, initial production run
                                            of chips and completion of a bitcoin mining system ready for sale to customers within 6 months
                                            of completing the first two phases of development, then all One point Five Million (1,500,000)
                                            shares shall be considered vested upon the completion of the first two milestones.

 

c. Expenses.
The Consultant shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business expenses incurred by the Consultant
in the performance of the Consultant’s duties hereunder in accordance with the Company’s policies applicable (on and after
the date hereof) thereto.

 

d. Withholding,
Etc. In conformity with the Consultant’s independent contractor status and without limiting any of the foregoing, the
Consultant understands that no deduction or withholding for taxes or contributions of any kind shall be made by the Company. The
Consultant agrees to accept exclusive liability for the payment of all self employment taxes or contributions for unemployment
insurance or pensions or annuities or social security payments which are measured by the remuneration paid to the Consultant or the
Consultant’s agents, if any, as independent contractors and to reimburse and indemnify the Company for any such taxes or
contributions or penalties which the Company may be compelled to pay as a result of the Consultant’s non-payment of the same
as a self employed individual. The Consultant also agrees to take all action and comply with all applicable administrative
regulations necessary for the payment by the Consultant of such.

 

    	 

     

    

 

5. Inventions
and Confidential Information. The Consultant hereby covenants, agrees and acknowledges as follows:

 

(a) The
Company is engaged in a continuous program of research, design, development, production, marketing and servicing with respect to its
businesses.

 

(b) The
Consultant’s engagement hereunder creates a relationship of confidence and trust between the Consultant and the Company with respect
to certain information pertaining to the business of the Company and its Affiliates (as hereinafter defined) or pertaining to the business
of any client or customer of the Company or its Affiliates which may be made known to the Consultant by the Company or any of its Affiliates
or by any client or customer of the Company or any of its Affiliates or learned by the Consultant during the period of Consultant’s
engagement by the Company.

 

(e) The
Company possesses and will continue to possess information that has been created, discovered or developed by, or otherwise become known
to it (including, without limitation, information created, discovered or developed by, or made known to, the Consultant during the period
of Consultant’s engagement or arising out of Consultant’s engagement) or in which property rights have been or may be assigned
or otherwise conveyed to the Company, which information has commercial value in the business in which the Company is engaged and is treated
by the Company as confidential.

 

(f) Any
and all inventions, products, discoveries, improvements, processes, manufacturing, marketing and services methods or techniques, formulae,
designs, styles, specifications, data bases, computer programs (whether in source code or object code), know- how, strategies and data,
whether or not patentable or registrable under copyright or similar statutes, made, developed or created by the Consultant (whether at
the request or suggestion of the Company, any of its Affiliates, or otherwise, whether alone or in conjunction with others, and whether
during regular hours of work or otherwise) during the period of Consultant’s engagement by the Company which may pertain to the
business, products or processes of the Company or any of its Affiliates (collectively hereinafter referred to as “Inventions”),
will be promptly and fully disclosed by the Consultant to an appropriate executive officer of the Company (other than Consultant) without
any additional compensation therefor, all papers, drawings, models, data, documents and other material pertaining to or in any way relating
to any Inventions made, developed or created by Consultant as aforesaid. For the purposes of this Agreement, the term “Affiliate”
or “Affiliates” shall mean any person, corporation or other entity directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company. For the purposes of this definition, “control” when used with respect
to any person, corporation or other entity means the power to direct the management and policies of such person or entity, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

 

(g)The
Consultant will keep confidential and will hold for the Company’s sole benefit any Invention which is to be the exclusive property
of the Company under this Section 5 for which no patent, copyright, trademark or other right or protection is issued.

 

    	 

     

    

 

(h) The
Consultant also agrees that the Consultant will not without the prior written consent of the Board of Directors of the Company (i)
use for Consultant’s benefit or disclose at any time during Consultant’s engagement by the Company, or thereafter,
except to the extent required by the performance by the Consultant of the Consultant’s duties as a consultant of the
Company, any information obtained or developed by the Consultant while engaged by the Company with respect to any Inventions or with
respect to any customers, clients, suppliers, products, employees, financial affairs, or methods of design, distribution, marketing,
service, procurement or manufacture of the Company or any of its Affiliates, or any confidential matter, except information which at
the time is generally known to the public other than as a result of disclosure by the Consultant not permitted hereunder, or (ii)
take with the Consultant upon termination of its engagement by the Company any document or paper relating to any of the foregoing or
any physical property of the Company or any of its Affiliates.

 

(i)
The Consultant acknowledges and agrees that a remedy at law for any breach or threatened breach of the provisions of this Section 5
would be inadequate and, therefore, agrees that the Company and its Affiliates shall be entitled to injunctive relief in addition to
any other available rights and remedies in case of any such breach or threatened breach; provided, however, that
nothing contained herein shall be construed as prohibiting the Company or any of its Affiliates from pursuing any other rights and
remedies available for any such breach or threatened breach.

 

(j) The
Consultant agrees that upon termination of Consultant’s engagement by the Company for any reason, the Consultant shall immediately
return to the Company all documents and other property in Consultant’s possession belonging to the Company or any of its Affiliates.

 

(k) Without
limiting the generality of Section 5 hereof, the Consultant hereby expressly agrees that the foregoing provisions of this Section 5 shall
be binding upon the Consultant’s partners, employees, successors and legal representatives.

 

(l) Non-Competition.
(a) The term “Non-Compete Term” shall mean the period during which Consultant is engaged hereunder and the one-year period
thereafter.

 

		(m)	During
                                            the Non-Compete Term:
	 	 	 
		i.	the
                                            Consultant will not make any statement or perform any act intended to advance an interest
                                            of any direct competitor of the Company or any of its Affiliates in any way that will or
                                            may injure an interest of the Company or any of its Affiliates in its relationship and dealings
                                            with existing customers or clients, or knowingly solicit or encourage any employee of the
                                            Company or any of its Affiliates to do any act that is disloyal to the Company or any of
                                            its Affiliates or inconsistent with the interest of the Company or any of its Affiliate’s
                                            interests or in violation of any provision of this Agreement;
	 	 	 
		ii.	the
                                            Consultant will not discuss with any customers or clients of the Company or any of its Affiliates
                                            the present or future availability of services or products of a business, if the Consultant
                                            has or expects to acquire a proprietary interest in such business or is or expects to be
                                            a consultant, employee, officer or director of such business, where such services or products
                                            are directly competitive with services or products which the Company or any of its Affiliates
                                            provides;

 

    	 

     

    

 

		iii.	the
                                            Consultant will not make any statement or do any act intended to cause any customers or clients
                                            of the Company or any of its Affiliates to make use of the services or purchase the products
                                            of any directly competitive business in which the Consultant has or expects to acquire a
                                            proprietary interest or in which the Consultant is or expects to be made an employee, officer
                                            or director, if such services or products directly compete with the services or products
                                            sold or provided or expected to be sold or provided by the Company or any of its Affiliates
                                            to any customer or client; and
	 	 	 
		iv.	the
                                            Consultant will not directly or indirectly (as a director, officer, employee, manager, consultant,
                                            independent contractor, advisor or otherwise) engage in direct competition with, or own any
                                            interest in, perform any services for, participate in or be connected with (i) any business
                                            or organization which engages in direct competition with the Company or any of its Affiliates
                                            in any geographical area where any business is presently carried on by the Company or any
                                            of its Affiliates, or (ii) any business or organization which engages in direct competition
with the Company or any of its Affiliates in any geographical area where any business shall be hereafter, during the period of the Consultant’s
engagement by the Company, carried on by the Company or any of its Affiliates, if such business is then being carried on by the Company
or any of its Affiliates in such geographical area; provided, however, that the provisions of this Section 5(a) shall not
be deemed to prohibit the Consultant’s ownership of not more than one percent (1%) of the total shares of all classes of stock outstanding
of any publicly held company. At the end of the Consultant’s engagement, the Company, in good faith, shall provide to the Consultant
a list of the Company’s then-existing direct competitors, Affiliates, customers, businesses, organizations and others to which this
Section 5 refers.

 

  (n) During
the Non-Compete Term, the Consultant will not directly or indirectly hire, engage, send any work to, place orders with, or in any manner
be associated with any supplier, contractor, subcontractor or other person or firm which rendered services, or sold any products, to
the Company or any of its Affiliates if such action by Consultant would have a material adverse effect on the business, assets or financial
condition of the Company or any of its Affiliates.

 

(o) In
connection with the foregoing provisions of this Section 5, the Consultant represents that Consultant’s experience, capabilities
and circumstances are such that such provisions will not prevent Consultant from earning a livelihood. The Consultant further agrees
that the limitations set forth in this Section 5 (including, without limitation, any time or territorial limitations) are reasonable
and properly required for the adequate protection of the businesses of the Company and its Affiliates. It is understood and agreed that
the covenants made by the Consultant in this Section 5 (and in Section 6 hereof) shall survive the expiration or termination of this
Agreement.

 

(p) For
purposes of this Section 5, proprietary interest in a business is ownership, whether through direct or indirect stock holdings or otherwise,
of one percent (1%) or more of such business.

 

(q) The
Consultant acknowledges and agrees that a remedy at law for any breach or threatened breach of the provisions of this Section 5
would be inadequate and, therefore, agrees that the Company and any of its Affiliates shall be entitled to injunctive relief
in addition to any other available rights and remedies in cases of any such breach or threatened breach; provided, however,
that nothing contained herein shall be construed as prohibiting the Company or any of its Affiliates from pursuing any other rights
and remedies available for any such breach or threatened breach.

 

6. Non-Assignability.

 

a. Neither
this Agreement nor any right or interest hereunder shall be assignable by the Consultant or its legal representatives without the Company’s
prior written consent.

 

b. Except
as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or assignment by operation
of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.

 

7. Binding
Effect. Without limiting or diminishing the effect of Section 8 hereof, this Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective successors, legal representatives and assigns.

 

8. Notice.
Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and either delivered in person or
sent by first class certified or registered mail, postage prepaid, if to the Company, at the Company’s principal place of business,
11753 Willard Ave., Tustin, CA 92782, attention: Chief Executive Officer (with a copy to Pryor Cashman LLP, 7 Times Square, New York,
New York 10036-6569, Attention: Eric M. Hellige, Esq.), and if to the Consultant, at Consultant’s office address set forth above,
or to such other address or addresses as either party shall have designated in writing to the other party hereto.

 

9. Severability.
The Consultant agrees that in the event that any court of competent jurisdiction shall finally hold that any provision of Section 5 or
6 hereof is void or constitutes an unreasonable restriction against the Consultant, such provision shall not be rendered void but shall
apply with respect to such extent as such court may judicially determine constitutes a reasonable restriction under the circumstances.
If any part of this Agreement other than Section 5 or 6 is held by a court of competent jurisdiction to be invalid, illegible or incapable
of being enforced in whole or in part by reason of any rule of law or public policy, such part shall be deemed to be severed from the
remainder of this Agreement for the purpose only of the particular legal proceedings in question and all other covenants and provisions
of this Agreement shall in every other respect continue in full force and effect and no covenant or provision shall be deemed dependent
upon any other covenant or provision.

 

10. Waiver.
Failure to insist upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such term,
covenant or condition, nor shall any waiver or relinquishment of any right or power hereunder at any one or more times be deemed a waiver
or relinquishment of such right or power at any other time or times.

 

11. Entire
Agreement; Modifications. This Agreement constitutes the entire and final expression of the agreement of the parties with respect
to the subject matter hereof and supersedes all prior agreements, oral and written, between the parties hereto with respect to the subject
matter hereof. This Agreement may be modified or amended only by an instrument in writing signed by both parties hereto.

 

    	 

     

    

 

12. Jurisdiction.
This Agreement and all issues and claims arising out of or relating in any way to this Agreement shall be governed exclusively by the
laws of the State of California, including its statutes of limitations, without giving effect to any conflict of laws principles that
would result in the application of the laws of any other jurisdiction. Any and all claims or disputes between the parties that arise
from or relate or pertain in any way to this Agreement, to the parties’ rights or obligations under this Agreement, to the subject
matter of this Agreement, or the arbitrability of any such claim or dispute shall be resolved solely and exclusively by binding arbitration
in Orange County, California before a single Arbitrator in a confidential arbitration proceeding to be conducted by JAMS in the English
language pursuant to the JAMS International Arbitration Rules and Procedures. No person shall be eligible to serve as arbitrator in any
such proceeding unless he or she shall have served as a state or federal Judge or Justice of a court within the State of California for
at least five years. The prevailing party or parties to any such dispute shall be entitled to recover all of its or their reasonable
attorneys’ fees and other costs of the arbitration, and any related judicial proceedings, from the non-prevailing party or parties.
Each party to this Agreement hereby consents irrevocably to the jurisdiction of the state and federal courts located in the State of
California for the purpose of enforcing this agreement to arbitrate and for the purposes of any proceedings to confirm, vacate or modify
any arbitration award rendered hereunder. Any party may also apply to any court anywhere in the world for the purpose of enforcing any
such arbitration award.

 

13. Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

14. Survival.
The termination of Consultant’s engagement hereunder shall not affect the enforceability of Sections 5 or 6.

 

15. Further
Assurances. The parties agree to execute and deliver all such further instruments and take such other and further action as may be
reasonably necessary or appropriate to carry out the provisions of this Agreement.

 

16. Headings.
The Section headings appearing in this Agreement are for purposes of easy reference and shall not be considered a part of this Agreement
or in any way modify, amend or affect its provisions.

 

17. Electronic
Signatures. Electronic signatures sent in a PDF file will be accepted as originals.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Company and the Consultant have duly executed and delivered this Agreement as of the day and year first above
written.

 

	 	CALETHOS,
    INC.:
	 	By:	/s/Michael
    Campbell
	 	Name:	Michael
    Campbell
	 	Title:
    	Chief
    Executive Officer

 

	 	M1
    ADVISORS LLC
	 	 	 
	 	By:	/s/Michael
    Campbell
	 	Name:
    	Michael
    Campbell
	 	Title:	 Managing
    Member

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