Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 10

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 10
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ments

On May 21, 2018, we entered into an Amended and Restated
Strategic Financing & Corporate Development Agreement with CRG which was amended and restated an earlier agreement entered into in
October 2017. We have engaged this company to serve as our non-exclusive strategic financing and corporate development services provider
and to render certain advice 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 expired in May 2024.

As compensation under the terms of this agreement,
we agreed to pay CRG Finance AG 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 Finance AG;

    ·
    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 Finance AG;

    ·
    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 Finance AG; 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 Finance AG.

 In