SEC Contract Filing

Filing Date: 2022-11-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>e4244_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 10pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>EXHIBIT 10.1</B></FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><U>SUBSCRIPTION<FONT STYLE="letter-spacing: 3.35pt">
</FONT><FONT STYLE="letter-spacing: -0.1pt">AGREEMENT</FONT></U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 136.3pt 0 128.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10pt"><FONT STYLE="letter-spacing: -0.25pt">To:</FONT>&#9;DRIVEITAWAY
HOLDINGS, INC.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 10pt; text-align: left"><FONT STYLE="letter-spacing: -0.25pt">RE:</FONT>&#9;15%<FONT STYLE="letter-spacing: -0.35pt">
</FONT>SECURED<FONT STYLE="letter-spacing: -0.5pt"> CONVERTIBLE </FONT>NOTES<FONT STYLE="letter-spacing: -0.4pt"> </FONT>WITH<FONT STYLE="letter-spacing: -0.35pt">
</FONT><FONT STYLE="letter-spacing: -0.1pt">WARRANTS</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>Dated: November 9, 2022</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10pt"><FONT STYLE="letter-spacing: -0.1pt">Gentlemen:</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 36pt">1.</TD><TD><FONT STYLE="letter-spacing: -0.1pt">Subscription.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.9pt 0 47pt">The<FONT STYLE="letter-spacing: -0.3pt"> </FONT>undersigned<FONT STYLE="letter-spacing: -0.25pt">
</FONT>(the<FONT STYLE="letter-spacing: -0.1pt"> </FONT><B>&ldquo;Purchaser</B>&rdquo;),<FONT STYLE="letter-spacing: -0.35pt">
</FONT>intending<FONT STYLE="letter-spacing: -0.45pt"> </FONT>to<FONT STYLE="letter-spacing: -0.15pt"> </FONT>be<FONT STYLE="letter-spacing: -0.35pt">
</FONT>legally<FONT STYLE="letter-spacing: -0.45pt"> </FONT>bound,<FONT STYLE="letter-spacing: -0.25pt"> </FONT>hereby<FONT STYLE="letter-spacing: -0.45pt">
</FONT>irrevocably<FONT STYLE="letter-spacing: -0.45pt"> </FONT>agrees<FONT STYLE="letter-spacing: -0.35pt"> </FONT>to purchase
from<FONT STYLE="letter-spacing: -0.2pt"> DriveItAway Holdings, Inc.</FONT>, a Delaware Corporation (the <B>&ldquo;Company</B>&rdquo;),
the number of Units, set forth on the Signature Page at the end of this Subscription Agreement (the &ldquo;Agreement&rdquo;) at
a purchase<FONT STYLE="letter-spacing: -0.1pt"> </FONT>price of $50,000 per Unit<FONT STYLE="letter-spacing: -0.1pt"> </FONT>with
each Unit<FONT STYLE="letter-spacing: -0.1pt"> </FONT>consisting<FONT STYLE="letter-spacing: -0.2pt"> </FONT>of a Twenty-four month
15% Secured Convertible Note (&ldquo;Note&rdquo;) which is convertible at $.20 per share into shares of the Company Common Stock
and a warrant exercisable for 25,000 shares<FONT STYLE="letter-spacing: -0.05pt"> </FONT>of the Company&rsquo;s Common Stock<FONT STYLE="letter-spacing: -0.05pt">
</FONT>at an exercise price of $.30 per share ( collectively, the &ldquo;Shares&rdquo;), upon the terms and conditions hereinafter
set forth (the &ldquo;Offering&rdquo;).<FONT STYLE="letter-spacing: -0.15pt"> </FONT>This subscription is submitted<FONT STYLE="letter-spacing: -0.15pt">
</FONT>to the<FONT STYLE="letter-spacing: -0.05pt"> </FONT>Company<FONT STYLE="letter-spacing: -0.25pt"> </FONT>accordance with<FONT STYLE="letter-spacing: -0.15pt">
</FONT>and subject<FONT STYLE="letter-spacing: -0.2pt"> </FONT>to the terms and conditions described in this Agreement and in the
Term<FONT STYLE="letter-spacing: -0.15pt"> </FONT>Sheet attached hereto as Exhibit B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.9pt 0 47pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.9pt 0 47pt">The undersigned is delivering (i) the subscription
payment by check made payable to Patrizio &amp; O&rsquo;Leary LLP Attorney Escrow Account<FONT STYLE="letter-spacing: -0.2pt">
</FONT>or<FONT STYLE="letter-spacing: -0.15pt"> </FONT>by<FONT STYLE="letter-spacing: -0.45pt"> </FONT>wire<FONT STYLE="letter-spacing: -0.45pt">
</FONT>using<FONT STYLE="letter-spacing: -0.45pt"> </FONT>the<FONT STYLE="letter-spacing: -0.2pt"> </FONT>instructions<FONT STYLE="letter-spacing: -0.2pt">
</FONT>attached<FONT STYLE="letter-spacing: -0.35pt"> </FONT>hereto as Exhibit C<FONT STYLE="letter-spacing: -0.35pt"> </FONT>and<FONT STYLE="letter-spacing: -0.35pt">
</FONT>(ii)<FONT STYLE="letter-spacing: -0.15pt"> </FONT>one<FONT STYLE="letter-spacing: -0.25pt"> </FONT>executed<FONT STYLE="letter-spacing: -0.45pt">
</FONT>copy<FONT STYLE="letter-spacing: -0.45pt"> </FONT>of this Agreement, to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.9pt 0 47pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Ti