SEC Contract Filing

Filing Date: 2022-02-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>dalrada_ex1001.htm
<DESCRIPTION>SECURITIES PURCHASE AGREEMENT
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>SECURITIES PURCHASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS SECURITIES PURCHASE AGREEMENT</B> (this
&ldquo;<U>Agreement</U>&rdquo;), dated as of February 4, 2022, is between <B>DALRADA FINANCIAL COPORATION,</B> a company incorporated
under the laws of the State of Wyoming, with principal executive offices located at 600 La Terraza Blvd.,&nbsp;Escondido,&nbsp;California&nbsp;92025
(the &ldquo;<U>Company</U>&rdquo;), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a &ldquo;<U>Buyer</U>&rdquo;
and collectively the &ldquo;<U>Buyers</U>&rdquo;).</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>WITNESSETH</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
and each Buyer desire to enter into this transaction for the Company to sell and the Buyers to purchase the Convertible Debentures (as
defined below) pursuant to an exemption from registration pursuant to Section 4(2) and/or Rule&nbsp;506 of Regulation D (&ldquo;<U>Regulation
D</U>&rdquo;) as promulgated by the U.S. Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) under the Securities Act of
1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the parties
desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the Buyer(s), as provided
herein, and the Buyer(s) shall purchase convertible debentures in the form attached hereto as &ldquo;<U>Exhibit A</U>&rdquo; (the &ldquo;<U>Convertible
Debentures</U>&rdquo;) in the principal amount of up to $3,000,000 (the &ldquo;<U>Subscription Amount</U>&rdquo;), which shall be convertible
into shares of the Company&rsquo;s common stock, par value $0.005 per share (the &ldquo;<U>Common Stock</U>&rdquo;) (as converted, the
&ldquo;<U>Conversion Shares</U>&rdquo;), of which $2,000,000 shall be purchased upon the signing this Agreement (the &ldquo;<U>First Closing</U>&rdquo;),
and $1,000,000 shall be purchased upon the filing of a registration statement with the U.S. Securities and Exchange Commission registering
the resale of the Conversion Shares by the Buyers (the &ldquo;<U>Second Closing</U>&rdquo;) (individually referred to as a &ldquo;<U>Closing,</U>&rdquo;
a collectively along with the First Closing referred to as the &ldquo;<U>Closings</U>&rdquo;), at a purchase price equal to 96% of the
Subscription Amount (the &ldquo;<U>Purchase Price</U>&rdquo;) in the respective amounts set forth opposite each Buyer(s) name on Schedule
I;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, at the First
Closing the Company shall issue to the Buyer(s) warrants in the form attached hereto as &ldquo;<U>Exhibit B</U>&rdquo; (collectively,
the &ldquo;<U>Warrants</U>&rdquo;) which shall exercisable into an aggregate of 983,499 shares of Common Stock (the &ldquo;<U>Warrant
Shares</U>&rdquo;) in the respective amounts set forth opposite each Buyer(s) name on Schedule I;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, contemporaneously
with the execution and delivery of this Agreement, the parties hereto are executing and delivering a Registration Rights Agreement (the
&ldquo;<U>Registration Rights Agreement</U>&rdquo;) pursuant to which the Company has agreed to provide certain registration rights under
the Securities Act and the rules and regulations promulgated there under, and applicable state securities laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, contemporaneously
with the execution and delivery of this Agreement, the Company is delivering Irrevocable Transfer Agent Instructions (the &ldquo;<U>Irrevocable
Transfer Agent Instructions</U>&rdquo;) to its transfer agent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Convertible
Debentures the Conversion Shares, the Warrants, and the Warrant Shares are collectively referred to herein as the &ldquo;<U>Securities</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt