SEC Contract Filing

Filing Date: 2018-03-12

Document Content:
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<TYPE>EX-10.3
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<FILENAME>ex10_3.htm
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 3.95pt 0 0 137.3pt">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 3.95pt; text-align: center; margin-bottom: 0">SECURITIES PURCHASE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 8.2pt 0 15pt; text-align: justify; text-indent: 35.95pt">This SECURITIES
PURCHASE AGREEMENT (this &#8220;Agreement&#8221;), dated as of February 23, 2018, is entered into by and between VILACTO BIO, INC.,
a Nevada corporation (the &#8220;Company&#8221;), and EMA Financial, LLC, a Delaware limited liability company (the &#8220;Purchaser&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 8.5pt 0 15pt; text-align: justify; text-indent: 35.95pt">WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933,
as amended (the &#8220;Securities Act&#8221; or &#8220;1933 Act&#8221;), and Rule 506 promulgated thereunder by the United States
Securities and Exchange Commission (the &#8220;SEC&#8221;), the Company desires to issue and sell to the Purchaser, and the Purchaser
desires to purchase from the Company a 10% Convertible Note of the Company, in the form attached hereto as Exhibit A, in the principal
amount of $125,000.00 (together with any note(s) issued in replacement thereof or as interest thereon or otherwise with respect
thereto in accordance with the terms thereof, the &#8220;Note&#8221;), convertible into shares (&#8220;Conversion Shares&#8221;)
of common stock,</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 0 0 15pt">$0.001 par value per share (the &#8220;Common Stock&#8221;),
of the Company, upon the terms and subject to the limitations and conditions set forth in such Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 15pt; text-align: justify; text-indent: 35.95pt">NOW, THEREFORE,
IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the Company and the Purchaser agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 15pt; text-align: left; text-indent: 0.75in"><FONT STYLE="font-size: 12pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Purchase and Sale of Note.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 8.65pt 0 19.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.3pt">a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Purchase of Note</U>. On the Closing Date (as defined below), the Company shall issue and
sell to the Purchaser, and the Purchaser agrees to purchase from the Company, the Note for an aggregate purchase price of $117,500.00
(&#8220;Purchase Price&#8221;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 9.05pt 0 19.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.3pt">b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Form of Payment</U>. On the Closing Date (i) the Purchaser shall pay the Purchase Price
by wire transfer of immediately available funds to the Company, in accordance with the Company&#8217;s written wiring instructions,
simultaneously with delivery of the Note, and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 19.3pt">(ii) the Company shall deliver such Note duly executed
on behalf of the Company to the Purchaser, simultaneously with delivery of such Purchase Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 8.75pt 0 19.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.3pt">c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Closing Date</U>. Subject to the satisfaction (or written waiver) of the conditions thereto
set forth in Section 6 and Section 7 below, the closing of the transactions contemplated by this Agreement (the &#8220;Closing&#8221;)
shall occur on the first business day following the date hereof or such other mutually agreed upon time (the &#8220;Closing Date&#8221;)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 46.55pt 0 15pt; text-align: left; text-indent: 0.75in"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nb