Company: VYND
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001079973-25-000452
Chunk: 7

Company: Vynleads, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 9B
Chunk 7
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 and services to us as we may reasonably request concerning equity or debt financings, strategic
planning, merger and acquisition possibilities, and business development activities. The scope of services under this agreement also includes
introducing us to one or more non-U.S. persons, as that term is defined in Regulation S under the Securities Act, in connection with possible
debt or equity financings or potential lenders. The initial term of the agreement expired in May 2019, but pursuant to the terms of the
agreement, renews automatically for one-year periods unless notice of non-renewal is provided by either party at least 30 days prior to
the renewal term commencement. The agreement was renewed until May 2023.

As compensation under the terms
of this agreement, we agreed to pay CRG certain fees for transactions which are consummated during the term of the agreement and for a
one year period following the termination of the agreement, including:

    •
    a fee equal to 7% of the proceeds received by us plus a warrant exercisable into 7% of the shares of our common stock at the offering price of our shares for sales by us of equity or equity-linked securities to non-U.S. Persons introduced to us by CRG;

    •
    a fee equal to 1% of the total gross cash proceeds or non-cash consideration received by us, together with a five year warrant exercisable into 1% of the securities issued or to be issued by us in a business combination with a non-U.S. person first introduced to us by CRG;

    •
    a fee equal to 1% of consideration received by us in any debt financing not convertible into equity, including, but not limited to, a revolving credit line or credit enhancement instrument, including on an insured or guarantee basis, with a non-U.S. Person first introduced to us by CRG; and

    •
    a fee equal to 2% of any revenue-producing contract, fee-sharing arrangement, licensing, royalty or similar agreement with a non-U.S. Person first introduced to us by CRG.

In addition to the foregoing
fees, we have agreed to reimburse CRG for its pre-approved out-of-pocket expenses it incurs under the terms of the agreement. The agreement
contains customary confidentiality and indemnification provisions.

Other than as disclosed above, there has been no transaction
during the period covered by this report, or currently proposed transaction, in which we were or are to be a