Item 1.01. Entry into a Material Definitive Agreement.
BlueStar Securities Purchase Agreement
On November 20, 2018, LevelBlox, Inc. (the “Company”)
entered into a securities purchase agreement (the “BlueStar Agreement”) with BlueStar Capital Limited (“BlueStar”).
Pursuant to the terms of the BlueStar Agreement, the Company agreed to sell, and BlueStar agreed to purchase, (i) 2,475,000 shares
of the Company’s common stock, and (ii) a warrant, with a five-year term, to purchase 2,250,000 shares of the Company’s
common stock at a price of $0.07 per share, in exchange for the payment in cash by BlueStar to the Company of $100,000 (the “BlueStar
Securities Purchase”).
The BlueStar Securities Purchase closed on December 4, 2018.
The BlueStar Agreement contains standard covenants, conditions,
representations and warranties.
Librati Securities Purchase Agreement
On November 20, 2018, the Company entered into a securities purchase
agreement (the “Librati Agreement”) with Simon Librati. Pursuant to the terms of the Librati Agreement, the Company
agreed to sell, and Mr. Librati agreed to purchase, (i) 2,475,000 shares of the Company’s common stock, and (ii) a warrant,
with a five-year term, to purchase 2,250,000 shares of the Company’s common stock at a price of $0.07 per share, in exchange
for the payment in cash by Mr. Librati to the Company of $100,000 (the “Librati Securities Purchase”).
The Librati Securities Purchase closed on December 4, 2018.
The Librati Agreement contains standard covenants, conditions, representations
and warranties.
The foregoing description of the BlueStar Agreement and the Librati
Agreement is a summary only and is qualified in its entirety by reference to the full text of the BlueStar Agreement and the Librati
Agreement, filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.