SEC Contract Filing

Filing Date: 2017-11-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>2
<FILENAME>innd1116form10qexh10_21.htm
<DESCRIPTION>EXHIBIT 10.21
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>EXHIBIT 10.21</B></P>

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

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<BR></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This <B>SECURITIES PURCHASE
AGREEMENT</B> (the &ldquo;Agreement&rdquo;), dated as of <B>NOVEMBER 10, 2017</B>, by and between <B>INNERSCOPE HEARING TECHNOLOGIES,
INC.</B>, a <B>NEVADA</B>, with headquarters located <B>2151 PROFESSIONAL DRIVE, 2<SUP>ND</SUP> FLOOR, ROSEVILLE, CA 95661</B>
(the &ldquo;Company&rdquo;), and <B>CAREBOURN CAPITAL, L.P.</B>, a Delaware limited partnership (the &ldquo;Buyer&rdquo;).</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>WHEREAS</B>:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT>The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
under the Securities Act of 1933, as amended (the &ldquo;1933 Act&rdquo;);</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">B.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT>Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement
a <B>10%</B> convertible note of the Company, in the form attached hereto as <U>Exhibit A</U>, in the aggregate principal amount
of <B>US$299,000.00</B> (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect
thereto in accordance with the terms thereof, the &ldquo;Note&rdquo;), that may be convertible into shares of common stock, <B>$0.0001</B>
par value per share, of the Company (the &ldquo;Common Stock&rdquo;), upon the terms and subject to the limitations and conditions
set forth in such Note. This Agreement, the Note, and such other agreements entered into between the Company and Buyer in connection
with the sale of the Note are collectively referred to hereinafter as the &ldquo;Transaction Documents&rdquo;.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">C.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT>The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is
set forth immediately below its name on the signature pages hereto; and</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE</B>, the
Company and the Buyer severally (and not jointly) hereby agree as follows:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT><U>PURCHASE AND SALE OF NOTE</U>.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">a.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT><U>Purchase of Note</U>. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer
agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer&rsquo;s name on the
signature pages hereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">b.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">
</FONT><U>Form of Payment</U>. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note
to be issued and sold to it at the Closing (as defined below) (the &ldquo;Purchase Price&rdquo;) by wire transfer of immediately
available funds to the Company, in accordance with the Company&rsquo;s written wiring instructions, against delivery of the Note
in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer&rsquo;s name on the signature pages
hereto, and (ii)&nbsp;the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery
of such Purchase Pri