Akerna Corp. entered into a securities purchase agreement with new investor, MJ Bridge Co., Inc. for 1,000,000 shares at a price of $0.50 per share for gross proceeds of $500,000 on June 14, 2023. If the company sells shares of company common stock other than excluded shares after the date hereof but on or before the effectiveness date at a price per share lower than the per share price, then the number of Shares issuable to purchaser hereunder shall automatically be increased so that Purchaser shall be entitled to issuance of additional shares of company common stock such that the aggregate total number of shares of company common stock issued pursuant to this Agreement including the 1,000,000 shares issued initially.

The Shares were issued to the Investor pursuant to Rule 506(b) of Regulation D under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) and Section 4(a)(2) thereunder pursuant to the representations and warranties of the Investor, including that the Investor was an “accredited investor” as defined in Rule 501(a) of Regulation D (the “ Offering ”).