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Friday, August 09, 2019 1:16:41 AM
Exhibit 10.1SECURITIES PURCHASE AGREEMENTThis SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of July 22, 2019, by and between UBID HOLDINGS, INC. , a Delawarecorporation, with headquarters located at 566 West Adams Street, Suite 260, Chicago, Il 60661 (the “Company”), and AUCTUS FUND, LLC , a Delawarelimited liability company, with its address at 545 Boylston Street, 2nd Floor, Boston, MA 02116 (the “Buyer”).WHEREAS :A. The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded bythe rules and regulations as promulgated by the united States Securities and exchange Commission (the “SeC”) under the Securities Act of 1933, as amended (the“1933 Act”);B. Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement the 8% convertiblenote of the Company, in the form attached hereto as exhibit A, in the aggregate principal amount of uS$277,500.00 (together with any note(s) issued inreplacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the “Note”), convertible into shares of commonstock, $0.001 par value per share, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions set forth in such Note.C. The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediatelybelow its name on the signature pages hereto; andNOW THEREFORE , the Company and the Buyer severally (and not jointly) hereby agree as follows:1. PuRCHASe AND SAle oF NoTe .a. Purchase of Note . on the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees topurchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto. In connection withthe issuance of the Note, the Company shall issue a common stock purchase warrant to Buyer to purchase 7,000,000 shares of the Company’s common stock (the“Warrant”) as a commitment fee upon the terms and subject to the limitations and conditions set forth in such Warrant.
https://www.otcmarkets.com/filing/conv_pdf?id=13577117&guid=akLIUab0xta5-Mh
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