SEC Contract Filing

Filing Date: 2022-01-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ex10-1.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">Exhibit
10.1</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>EXECUTION
VERSION</U></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
SECURITIES PURCHASE AGREEMENT</B> (this &ldquo;<U>Agreement</U>&rdquo;), dated as of January 18, 2022, is between <B>KRAIG BIOCRAFT LABORATORIES,
INC.,</B> a company incorporated under the laws of the State of Wyoming, with principal executive offices located at 2723 South State
Street &ndash; Suite 150, Ann Arbor, MI 48104 (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;).</FONT></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-decoration: none">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Company and the Buyer desire to enter into this transaction for the Company to sell and the Buyer to purchase the Convertible Debentures
(as defined below) pursuant to an exemption from registration pursuant to Section 4(a)(2) and/or Rule 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;);</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><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,
as provided herein, and the Buyer 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 Class A common stock, no par value (the &ldquo;<U>Common Stock</U>&rdquo;)
(as converted, the &ldquo;<U>Conversion Shares</U>&rdquo;), of which $1,500,000 shall be purchased upon the signing this Agreement (the
&ldquo;<U>First Closing</U>&rdquo;) and $1,500,000 shall be purchased on or about the date the Registration Statement has first been
declared effective by the SEC (the &ldquo;<U>Second Closing</U>&rdquo;) (individually referred to as a &ldquo;<U>Closing</U>&rdquo; collectively
referred to as the &ldquo;<U>Closings</U>&rdquo;), at a purchase price equal to the Subscription Amount (the &ldquo;<U>Purchase Price</U>&rdquo;)
;</FONT></P>

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