SEC Contract Filing

Filing Date: 2018-05-25

Document Content:
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<TYPE>EX-10.27
<SEQUENCE>2
<FILENAME>innd0524form10qexh10_27.htm
<DESCRIPTION>EXHIBIT 10.27
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<P STYLE="margin: 0; text-align: right"><B>EXHIBIT 10.27</B></P>

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

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 0.5in">This <B>SECURITIES PURCHASE
AGREEMENT</B> (the &ldquo;Agreement&rdquo;), dated as of May 11, 2018, by and between <B>Innerscope Hearing Technologies, Inc.</B>,
a Nevada corporation, with headquarters located at 2151 Professional Drive, 2<SUP>nd</SUP> floor, Roseville, CA 95661 (the &ldquo;Company&rdquo;),
and <B>ONE44 CAPITAL LLC</B>, a New York limited liability company, with its address at 1249 Broadway, Suite 103, Hewlett, NY 11557
(the Buyer&rdquo;).</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><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
two 10% convertible notes of the Company, in the forms attached hereto as Exhibit A and B in the aggregate principal amount of
$200,000.00 (with the first note being in the amount of $100,000.00 and the second note being in the amount of $100,000.00) (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;), convertible into shares of common stock, of the Company (the &ldquo;Common Stock&rdquo;),
upon the terms and subject to the limitations and conditions set forth in such Note. The first of the two notes (the &ldquo;First
Note&rdquo;) shall be paid for by the Buyer as set forth herein. The second note (the &ldquo;Back End Note&rdquo;) shall initially
be paid for by the issuance of an offsetting $100,000.00 secured note issued to the Company by the Buyer (&ldquo;Buyer Note&rdquo;),
provided that prior to conversion of the Second Note, the Buyer must have paid off the Buyer Note in cash such that the Second
Note may not be converted until it has been paid for in cash.</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 each of the Closing Dates (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>

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<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