Exhibit 10.1


 


Agreement for the Purchase and Sale of Future Receipts


 


	Seller’s Legal Name:	ADITXT, INC.	 



 


	D/B/A:	ADITXT	 



 


Form of Business Entity:[ ] Corporation; [ ]
Limited Liability Company; [ ] Partnership; [ ] Limited Partnership; [ ] Limited Liability Partnership; [ ] Sole Proprietorship; [ ] Other: ________________________


 


Street Address:______737 N 5TH ST _______,City:
_______RICHMOND,_____ State: ____ VA ___,Zip: ____ 23219 ___


 


Mailing Address:
____737 N 5TH ST,____City: ____ RICHMOND, _   ______ State: ____ VA ___,Zip: ____ 23219 ___


 


Primary Contact: _____________________Title: _Owner_
Time in Business:__________ Federal Tax ID:  ___________


 


Purchase Price:_________________ Purchased Amount: _______________________





 


 Average Projected Monthly Sales: ___________________


 


Specified Percentage:%   (Average Projected
Monthly Sales x Specified Percentage / Average Business Days in a Calendar Month)


 


Initial
_Weekly_ Amount:_________Origination Fee:_______________ (to be deducted from the Purchase Price) Payment will be
withdrawn every Wednesday


 


Account for the Deposit of All Future Receipts: Bank:______________________________________________________


 


Account No:  _____________________________________________________________________________________


 


Effective, Seller,
identified above, hereby sells, assigns and transfers to _____________________________________________________, located at ________________________________
without recourse, the Specified Percentage of the proceeds of each future sale made by Seller (collectively “Future Receipts”)
until Seller has received the Purchased Amount. “Future Receipts” includes all payments made by cash, check, ACH or other
electronic transfer, credit card, debit card, bank card, charge card (each such card shall be referred to herein as a “Payment
Card”) or other form of monetary payment in the ordinary course of Seller’s business. As payment for the Purchased Amount,
Buyer will deliver to Seller the Purchase Price, shown above, minus any Origination Fee shown above. Seller acknowledges that it has
no right to repurchase the Purchased Amount from Buyer.


 


Both parties agree that the obligation of Buyer under
this Agreement will not be effective unless and until Buyer has completed its review of the Seller and has accepted this Agreement by
delivering the Purchase Price, minus any Origination Fee. Prior to accepting this Agreement, Buyer may conduct a processing trial to confirm
its access to the Account and the ability to withdraw the Initial Weekly Amount If the processing trial is not completed to the satisfaction
of Buyer, Buyer will refund to Seller all funds that were obtained by Buyer during the processing trial.


 


Agreement of Seller: By signing below Seller
agrees to the terms and conditions contained in this Agreement, including those terms and conditions on the following pages, and further
agrees that this transaction is for business purposes and not for personal, family, or household purposes.


 


	Seller: ADITXT, INC.	 	 



 


	Agreed to by: 	 	(Signature), its		(Title)


 


	Name:	 	 	 


 


	Agreed to by: 	 	(Signature), its		(Title)


 


	Name:	 	 	 


 


	Buyer:	 	 	 


 


	Agreed to by:	 	(Signature), its		(Title)


 


Initials:______________


 






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Agreement of Each Seller:
Each Seller signing below agrees to the terms of the Credit Report Authorization below. Seller:


 


	Agreed to By:	 	(Signature);	 	 	 
	Name:	 	 	 	Authorized Representative	(Title)



 


1. Delivery
of Purchased Amount: Seller must deposit all Future Receipts into the single business banking account specified above, which may not
be used for any personal, family or household purposes (the “Account”) and must instruct Seller’s credit card processor,
which must be approved by Buyer (the “Processor”) to deposit all Payment Card receipts of Seller into the Account. Seller
agrees not to change the Account or add an additional Account without the express written consent of Buyer. Seller authorizes Buyer to
debit the Weekly Amount from the Account each business day by either ACH or electronic check. Seller will provide Buyer with all required
access codes and agrees not to change them without prior written consent from Buyer. Seller will provide an appropriate ACH authorization
to Buyer. Seller understands that it is responsible for either ensuring that the Weekly Amount is available in the Account each business
day or advising Buyer prior to each weekly withdrawal of a shortage of funds. Otherwise, Seller will be responsible for any fees incurred
by Buyer resulting from a rejected electronic check or ACH debit attempt, as set forth on Appendix A. Buyer is not responsible for any
overdrafts or rejected transactions that may result from Buyer’s debiting any amount authorized under the terms of this Agreement.
Seller understands that the foregoing ACH authorization is a fundamental condition to induce Buyer to accept the Agreement. Consequently,
such authorization is intended to be irrevocable.


 


 2. Reconciliation and Changes to the Weekly Amount: The Initial Weekly Amount is intended to represent the Specified Percentage of Seller’s weekly Future Receipts. For as long as no Event of Default has occurred, Buyer shall on or about the fifteenth day of each month reconcile the Seller’s Account (“Account Reconciliation”) by either crediting or further debiting the Seller’s Account by the difference between the actual amount debited since the date of the last Account Reconciliation and the Specific Percentage of the actual Future Receipts collected by the Seller since the date of the last Account Reconciliation. Failure by Buyer to make an Account Reconciliation at any time for one or more months or portions thereof shall not be deemed as a breach of Buyer’s obligation hereunder and each Account Reconciliation shall be made for the entire period of time since the date of the last Account Reconciliation. Buyer may, at Buyer’s sole discretion as it deems appropriate and upon Seller’s request, adjust the amount of the then- applicable Weekly Amount due under this Agreement in order to cause such Weekly Amount to more accurately reflect an amount which will reduce the need to credit Seller’s account on a consistently recurring basis.




 


 3. Weekly Amount Upon Default. Upon the occurrence of an Event of Default, the Weekly Amount shall equal 100% of all Future Receipts.




 


4. Sale of Future
Receipts (THIS IS NOT A LOAN):Seller is selling a portion of a future revenue stream to Buyer at a discount, not borrowing money
from Buyer. There is no interest rate or payment schedule and no time period during which the Purchased Amount must be collected by
Buyer. If Future Receipts are remitted more slowly than Buyer may have anticipated or projected because Seller’s business has
slowed down, or if the full Purchased Amount is never remitted because Seller’s business went bankrupt or otherwise ceased
operations in the ordinary course of business, and Seller has not breached this Agreement, Seller would not owe anything to Buyer
and would not be in breach of or default under this Agreement. Buyer is buying the Purchased Amount of Future Receipts knowing the
risks that Seller’s business may slow down or fail, and Buyer assumes these risks based on Seller’s representations,
warranties and covenants in this Agreement that are designed to give Buyer a reasonable and fair opportunity to receive the benefit
of its bargain. By this Agreement, Seller transfers to Buyer full and complete ownership of the Purchased Amount of Future Receipts
and Seller retains no legal or equitable interest therein. Seller agrees that it will treat Purchase Price and Purchased Amount in a
manner consistent with a sale in its accounting records and tax returns. Seller agrees that Buyer is entitled to audit
Seller’s accounting records upon reasonable Notice in order to verify compliance. Seller waives any rights of privacy,
confidentiality or tax payer privilege in any such litigation or arbitration in which Seller asserts that this transaction is
anything other than a sale of future receipts.


 


Initials:___________


 






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5. Power of
Attorney Seller irrevocably appoints Buyer as its agent and attorney-in-fact with full authority to take any action or execute
any instrument or document to settle all obligations due to Buyer from Seller, or in the case of a violation by Seller of this
Agreement or the occurrence of an Event of Default under Section 15 hereof by Seller, including without limitation (i) to obtain and
adjust insurance;(ii) to collect monies due or to become due under or in respect of any of the Future Receipts; (iii) to receive,
endorse and collect any checks, notes, drafts, instruments, documents or chattel paper in connection with clause (i) or clause (ii)
above; (iv) to sign Seller’s name on any invoice, bill of lading, or assignment directing customers or account debtors to
direct payables to Buyer; (v) to file any claims or take any action or institute any proceeding which Buyer may deem necessary for
the collection of any of the remaining Purchased Amount of the Future Receipts, or otherwise to enforce its rights with respect to
delivery of the Purchased Amount; and/or (vi) to contact any Processor of Seller and to direct such Processor(s) to deliver directly
to Buyer all or any portion of the amounts received by such Processor(s) and to provide any information regarding Seller requested
by Buyer. Each Processor may rely on the previous sentence as written authorization of Seller to provide any information requested
by Buyer. Each Processor is hereby irrevocably authorized and directed by Seller to follow any instruction of Buyer without inquiry
as to Buyer’s right or authority to give such instructions. Seller acknowledges the terms of the preceding sentence and agrees
not to (a) interfere with Buyer’s instructions or a Processor’s compliance with this Agreement or (b) request any
modification thereto without Buyer’s prior written consent. Notwithstanding anything to the contrary herein, the power of
attorney shall only be effected thirty (30) days after an Event of Default under this Agreement.


 


6. Fees
and Charges: Other than the Origination Fee, if any, set forth above, Buyer is NOT CHARGING ANY ORIGINATION OR BROKER FEES to Seller.
If Seller is charged another such fee, it is not being charged by Buyer. A list of all fees and charges applicable under this Agreement
is contained in Appendix A.


 


 7. Credit Report and Other Authorizations: Seller and each of the Owners signing above authorize Buyer, its agents and representatives and any credit reporting agency engaged by Buyer, to (i) investigate any references given or any other statements or data obtained from or about Seller or any of its Owners for the purpose of this Agreement, (ii) obtain consumer and business credit reports on the Seller and any of its Owners, and (iii) to contact personal and business references provided by the Seller in the Application, at any time now or for so long as Seller and/or Owners continue to have any obligation owed to Buyer as a consequence of this Agreement or for Buyer’s ability to determine Seller’s eligibility to enter into any future agreement with Buyer.




 


8. Authorization
to Contact Current and Prior Banks: Seller hereby authorizes Buyer to contact any current or prior bank of the Seller in order to
obtain whatever information it may require regarding Seller’s transactions with any such bank. Such information may include but
is not limited to, information necessary to verify the amount of Future Receipts previously processed on behalf of Seller and any fees
that may have been charged by the bank. In addition, Seller authorizes Buyer to contact any current or prior bank of the Seller for collections
and in order to confirm that Seller is exclusively using the Account identified above, or any other account approved by Buyer, for the
deposit of all business receipts.


 


9. Financial
Information. Seller authorizes Buyer and its agents to investigate its financial responsibility and history, and will provide to
Buyer any authorizations, bank or financial statements, tax returns, etc., as Buyer deems necessary in its sole discretion prior to
or at any time after execution of this Agreement. A photocopy of this authorization will be deemed acceptable as an authorization
for release of financial and credit information. Buyer is authorized to update such information and financial and credit profiles
from time to time as it deems appropriate. Seller waives, to the maximum extent permitted by law, any claim for damages against
Buyer or any of its affiliates relating to any investigation undertaken by or on behalf of Buyer as permitted by this Agreement or
disclosure of information as permitted by this Agreement.


 


10. Transactional
History. Seller authorizes all of its banks and brokers and Payment Card processors to provide Buyer with Seller’s banking,
brokerage and/or processing history to determine qualification or continuation in this program, or for collections upon an Event of Default.


 


Initials:_____________


 






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 11. Publicity. Seller hereby authorizes Buyer to use its name in listings of clients and in advertising and marketing materials.




 


12. Application
of Amounts Received by Buyer. Buyer reserves the right to apply amounts received by it under this Agreement to any fees or other charges
due to Buyer from Seller prior to applying such amounts to reduce the amount of any outstanding Purchased Amount.


 


 13. Representations, Warranties and Covenants of Seller:




 


13.1 Good
Faith, Best Efforts and Due Diligence. Seller will conduct its business in good faith and will use its best efforts to continue its
business at least at its current level, to ensure that Buyer obtains the Purchased Amount.


 


13.2 Stacking
Prohibited. Seller shall not enter into any Seller cash advance or any loan agreement that relates to or involves its Future Receipts
with any party other than Buyer for the duration of this Agreement. Buyer may share information regarding this Agreement with any third
party in order to determine whether Seller is in compliance with this provision.


 


13.3 Financial
Condition and Financial Information. Any bank statements and financial statements of Seller that have been furnished to Buyer, and
future statements that will be furnished to Buyer, fairly represent the financial condition of Seller at such dates, and Seller will notify
Buyer immediately if there are material adverse changes, financial or otherwise, in the condition or operation of Seller or any change
in the ownership of Seller. Buyer may request statements at any time during the performance of this Agreement and the Seller shall provide
them to Buyer within five business days. Furthermore, Seller represents that all documents, forms and recorded interviews provided to
or with Buyer are true, accurate and complete in all respects, and accurately reflect Seller’s financial condition and results of
operations. Seller further agrees to authorize the release of any past or future tax returns to Seller.


 


13.4 Governmental
Approvals. Seller is in compliance and shall comply with all laws and has valid permits, authorizations and licenses to own, operate
and lease its properties and to conduct the business in which it is presently engaged and/or will engage in hereafter.


 


13.5. Authority
to Enter Into This Agreement. Seller and the person(s) signing this Agreement on behalf of Seller, have full power and authority to
incur and perform the obligations under this Agreement, all of which have been duly authorized.


 


13.6. Change
of Name or Location or Sale or Closing of Business. Seller will not conduct Seller’s businesses under any name other than as
disclosed to Buyer or change any of its places of business without prior written consent of Buyer. Seller will not sell, dispose, transfer
or otherwise convey all or substantially all of its business or assets without (i) the express prior written consent of Buyer, and (ii)
the written agreement of any purchaser or transferee assuming all of Seller’s obligations under this Agreement pursuant to documentation
satisfactory to Buyer. Except as disclosed to Buyer in writing, Seller has no current plans to close its business either temporarily,
whether for renovations, repairs or any other purpose, or permanently. Seller agrees that until Buyer has received all of the Purchased
Amount Seller will not voluntarily close its business on a temporarily basis for renovations, repairs, or any other purposes. This provision,
however, does not prohibit Seller from closing its business temporarily if such closing is required to conduct renovations or repairs
that are required by local ordinance or other legal order, such as from a health or fire inspector, or if otherwise forced to do so by
circumstances outside of the control of Seller. Prior to any such closure, Seller will provide Buyer ten business days’ notice to
the extent practicable.


 


13.7. No
Pending or Contemplated Bankruptcy. As of the date Seller executes this Agreement, Seller is not insolvent and does not contemplate
and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition
brought or pending against Seller. Seller represents that it has not consulted with a bankruptcy attorney within six months prior to the
date of this Agreement. Seller further warrants that it does not anticipate filing a bankruptcy petition and it does not anticipate that
an involuntary petition will be filed against it.


 


13.8. Seller
to Maintain Insurance. Seller will possess and maintain insurance in such amounts and against such risks as are necessary to protect
its business and will provide proof of such insurance to Buyer upon demand.


 


Initials:____________


 






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13.9. Seller
to Pay Taxes Promptly. Seller will promptly pay all necessary taxes, including but not limited to employment and sales and use taxes.


 


13.10. No
Violation of Prior Agreements. Seller’s execution and performance of this Agreement will not conflict with any other agreement, obligation,
promise, court order, administrative order or decree, law or regulation to which Seller is subject, including any agreement the prohibits
the sale or pledge of Seller’s future receipts.


 


 13.11. No Diversion of Receipts. Seller will not permit any event to occur that could cause a diversion of any of Seller’s Future Receipts from the Account to any other entity.




 


13.12. Seller’s
Knowledge and Representation. Seller represents warrants and agrees that it is a sophisticated business entity familiar with the kind
of transaction covered by the Agreement; it was represented by counsel or had full opportunity to consult with counsel.


 


 14. Rights of Buyer:




 


14.1 Financing
Statements Financing Statements and Security Interest. Seller grants Buyer a security interest in all of Seller’s present
and future accounts receivable in an amount not to exceed the Purchased Amount, and in the Event of Default, not to exceed the
Purchased Amount and all fees and cost contemplated under this Agreement, wherever located, and related proceeds now or hereafter
owned or acquired by Seller.


 


Seller authorizes Buyer to file one or more UCC-1 forms consistent with the Uniform Commercial Code
(“UCC”) in order to give notice of this security interest and that the Purchased Amount of Future Receipts is the sole
property of Buyer. The UCC filing may state that such sale is intended to be a sale and not an assignment for security and may state
that the Seller is prohibited from obtaining any financing that impairs the value of the Future Receipts or Buyer’s right to
collect same. Seller authorizes Buyer to debit the Account for all costs incurred by Buyer associated with the filing, amendment or
termination of any UCC filings. The Buyer will file a UCC termination within 2-3 business days following the payment of the
Purchased Amount in full by the Seller.


 


14.2 Right
of Access. In order to ensure that Seller is complying with the terms of this Agreement, Buyer shall have the right to (i) enter,
without notice, the premises of Seller’s business for the purpose of inspecting and checking Seller’s transaction processing
terminals to ensure the terminals are properly programmed to submit and or batch Seller’s weekly receipts to the Processor and to
ensure that Seller has not violated any other provision of this Agreement, and (ii) Seller shall provide access to its employees and records
and all other items as requested by Buyer, and (iii) have Seller provide information about its business operations, banking relationships,
vendors, landlord and other information to allow Buyer to interview any relevant parties.


 


14.3 Phone
Recordings and Contact. Seller agrees that any call between Buyer and Seller, and their agents and employees may be recorded or monitored.
Further, Seller agrees that (i) it has an established business relationship with Buyer, its employees and agents and that Seller may be
contacted from time-to-time regarding this or other business transactions; (ii) that such communications and contacts are not unsolicited
or inconvenient; and (iii) that any such contact may be made at any phone number, emails address, or facsimile number given to Buyer by
the Seller, its agents or employees, including cellular telephones.


 


15. Events
of Default. The occurrence of any of the following events shall constitute an “Event of Default”: (a) Seller interferes
with Buyer’s right to collect the Weekly Amount; (b) Seller violates any term of covenant in this Agreement; (c) Seller uses multiple
depositary accounts without the prior written consent of Buyer; (d) Seller changes its depositing account or its payment card processor
without the prior written consent of Buyer; (e) Seller defaults under any of the terms, covenants and conditions of any other agreement
with Buyer; or (f) Seller fails to provide timely notice to Buyer such that (i) where Seller is on a daily payment plan, two or more ACH
transactions attempted by Buyer within one calendar month are rejected by Seller’s bank, or (ii) where Seller is on a weekly payment
plan, one or more ACH transaction attempted by Buyer is rejected by Seller’s bank at any given time that such payment under the
payment plan is due.


 


Initials:______________



 






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16. Remedies.
If any Event of Default occurs, Buyer may proceed to protect and enforce its rights including, but not limited to, the following:


 


16.1. The Specified
Percentage shall equal 100%. The full uncollected Purchased Amount plus all fees and charges(including legal fees) due under this Agreement
will become due and payable in full immediately.



 





 16.2. Buyer may enforce the provisions of the Guaranty of Performance against the guarantor. Notwithstanding anything to the contrary herein, in the event that Seller receives funds, from its clients or customers or any entity holding its receivables or otherwise (collectively, the “A/C Holder”), for which the applicable A/C Holder for any reason is or may be responsible to make payment to Seller, then the Seller, agrees to make prompt payment of such funds to Buyer or to reimburse A/C Holder therefore in the event the A/C Holder has made such payment to their detriment, and Seller hereby guarantees to Buyer the prompt payment of such funds by Seller and further hereby indemnifies Buyer and any applicable A/C Holder from and against any and all loss, cost or expense in connection therewith.




 


16.3. Buyer may
proceed to protect and enforce its rights and remedies by arbitration or lawsuit. In any such arbitration or lawsuit, under which Buyer
shall recover Judgment against Seller, Seller shall be liable for all of Buyer’s costs of the lawsuit, including but not limited
to all reasonable attorneys’ fees and court costs. However, the rights of Buyer under this provision shall be limited as provided
in the arbitration provision set forth below.


 


 16.4. [Intentionally Omitted]




 


16.5. Buyer may
debit Seller’s depository accounts wherever situated by means of ACH debit or facsimile signature on a computer- generated check
drawn on Seller’s bank account or otherwise for all sums due to Buyer


 


16.6. Seller shall
pay to Buyer all reasonable costs associated with the Event of Default and the enforcement of Buyer’s remedies, including but not
limited to court costs and attorneys’ fees


 


 16.7. Buyer may exercise and enforce its rights as a secured party under the UCC.




 


16.8. All rights,
powers and remedies of Buyer in connection with this Agreement may be exercised at any time by Buyer after the occurrence of an Event
of Default, are cumulative and not exclusive, and shall be in addition to any other rights, powers or remedies provided by law or equity.


 


17. Modifications;
Agreements. No modification, amendment, waiver or consent of any provision of this Agreement shall be effective unless the same shall
be in writing and signed by Buyer


 


18. Assignment.
Buyer may assign, transfer or sell its rights to receive the Purchased Amount or delegate its duties hereunder, either in whole or in
part, with or without prior written notice to Seller.


 


 19. Notices.




 


19.1. Notices
from Buyer to Seller. Buyer may send any notices, disclosures, terms and conditions, other documents, and any future changes to Seller
by regular mail or by e-mail, at Buyer’s option and Seller consents to such electronic delivery. Notices sent by e- mail are effective
when sent. Notices sent by regular mail become effective upon mailing to Seller’s address set forth in this Agreement.


 


19.2. Notices
from Seller to Buyer. Seller may send any notices to Buyer by e-mail only upon the prior written consent of Buyer, which consent may be
withheld or revoked at any time in Buyer’s sole discretion. Otherwise, any notices or other communications from Seller to Buyer
must be delivered by certified mail, return receipt requested, to Buyer’s address set forth in this Agreement. Notices sent to Buyer
shall become effective only upon receipt by Buyer.


 




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20. Binding
Effect; Governing Law, Venue and Jurisdiction. This Agreement shall be binding upon and inure to the benefit of Seller, Buyer and
their respective successors and assigns, except that Seller shall not have the right to assign its rights hereunder or any interest herein
without the prior written consent of Buyer which consent may be withheld in Buyer’s sole discretion. This Agreement shall be governed
by and construed in accordance with the laws of the state of New York, without regards to any applicable principals of conflicts of law.
Any suit, action or proceeding arising hereunder, or the interpretation, performance or breach of this Agreement, shall, if Buyer so elects,
be instituted in any court sitting in New York, (the “Acceptable Forums”). Seller agrees that the Acceptable Forums are convenient
to it, and submits to the jurisdiction of the Acceptable Forums and waives any and all objections to jurisdiction or venue. Should such
proceeding be initiated in any other forum, Seller waives any right to oppose any motion or application made by Buyer to transfer such
proceeding to an Acceptable Forum.


 


21. Survival
of Representation, etc. All representations, warranties and covenants herein shall survive the execution and delivery of this Agreement
and shall continue in full force until all obligations under this Agreement shall have been satisfied in full.


 


22. Interpretation.
All Parties hereto have reviewed this Agreement with an attorney of their own choosing and have relied only on their own attorney’s
guidance and advice. No construction determinations shall be made against either Party hereto as drafter.


 


23. Entire Agreement
and Severability. This Agreement embodies the entire agreement between Seller and Buyer and supersedes all prior agreements and understandings
relating to the subject matter hereof. In case any of the provisions in this Agreement is found to be invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of any other provision contained herein shall not in any way be affected or
impaired.


 


24. Facsimile
Acceptance. Facsimile signatures hereon, or other electronic means reflecting the party’s signature hereto, shall be deemed
acceptable for all purposes.


 


25. Confidentiality:
The terms and conditions of this Agreement are proprietary and confidential unless required by law. Seller shall not disclose this information
to anyone other than its attorney, accountant or similar service provider and then only to the extent such person uses the information
solely for purpose of advising Seller and first agrees in writing to be bound by the terms of this Section. A breach entitles Buyer to
damages and legal fees as well as temporary restraining order and preliminary injunction without bond.


 


 26. Monitoring, Recording, and Solicitations.




 


26.1. Authorization
to Contact Seller by Phone. Seller authorizes Buyer, its affiliates, agents and independent contractors to contact Seller at any telephone
number Seller provides to Buyer or from which Seller places a call to Buyer, or any telephone number where Buyer believes it may reach
Seller, using any means of communication, including but not limited to calls or text messages to mobile, cellular, wireless or similar
devices or calls or text messages using an automated telephone dialing system and/or artificial voices or prerecorded messages, even if
Seller incurs charges for receiving such communications


 


 26.2. Authorization to Contact Seller by Other Means. Seller also agree that Buyer, its affiliates, agents and independent contractors, may use any other medium not prohibited by law including, but not limited to, mail, e-mail and facsimile, to contact Seller. Seller expressly consents to conduct business by electronic means.




 


27. JURY
WAIVER. THE PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION
WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIVER IS PROHIBITED
BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. THE PARTIES ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY, WILLINGLY
AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR ATTORNEYS.


 




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28. CLASS
ACTION WAIVER. THE PARTIES WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS
OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE
EXTENT EITHER PARTY IS PERMITTED BY LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES
AGREE THAT: (I) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS
OR REPRESENTATIVE ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS
A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.


 


29. ARBITRATION.
IF BUYER, SELLER OR ANY GUARANTOR REQUESTS, THE OTHER PARTIES AGREE TO ARBITRATE ALL DISPUTES AND CLAIMS ARISING OUT OF OR RELATING TO
THIS AGREEMENT. IF BUYER, SELLER OR ANY GUARANTOR SEEKS TO HAVE A DISPUTE SETTLED BY ARBITRATION, THAT PARTY MUST FIRST SEND TO ALL OTHER
PARTIES, BY CERTIFIED MAIL, A WRITTEN NOTICE OF INTENT TO ARBITRATE. IF BUYER, SELLER OR ANY GUARANTOR DO NOT REACH AN AGREEMENT TO RESOLVE
THE CLAIM WITHIN 30 DAYS AFTER THE NOTICE IS RECEIVED, BUYER, SELLER OR ANY GUARANTOR MAY COMMENCE AN ARBITRATION PROCEEDING WITH THE
AMERICAN ARBITRATION ASSOCIATION (“AAA”) OR NATIONAL ARBITRATION FORUM (“NAF”). BUYER WILL PROMPTLY REIMBURSE
SELLER OR THE GUARANTOR ANY ARBITRATION FILING FEE, HOWEVER, IN THE EVENT THAT BOTH SELLER AND THE GUARANTOR MUST PAY FILING FEES, BUYER
WILL ONLY REIMBURSE SELLER’S ARBITRATION FILING FEE AND, EXCEPT AS PROVIDED IN THE NEXT SENTENCE, BUYER WILL PAY ALL ADMINISTRATION
AND ARBITRATOR FEES. IF THE ARBITRATOR FINDS THAT EITHER THE SUBSTANCE OF THE CLAIM RAISED BY SELLER OR THE GUARANTOR OR THE RELIEF SOUGHT
BY SELLER OR THE GUARANTOR IS IMPROPER OR NOT WARRANTED, AS MEASURED BY THE STANDARDS SET FORTH IN FEDERAL RULE OF PROCEDURE 11(B), THEN
BUYER WILL PAY THESE FEES ONLY IF REQUIRED BY THE AAA OR NAF RULES. SELLER AND THE GUARANTOR AGREE THAT, BY ENTERING INTO THIS AGREEMENT,
THEY ARE WAIVING THE RIGHT TO TRIAL BY JURY. BUYER, SELLER OR ANY GUARANTOR MAY BRING CLAIMS AGAINST ANY OTHER PARTY ONLY IN THEIR INDIVIDUAL
CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. FURTHER, BUYER, SELLER AND ANY GUARANTOR
AGREE THAT THE ARBITRATOR MAY NOT CONSOLIDATE PROCEEDINGS FOR MORE THAN ONE PERSON’S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER
ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING, AND THAT IF THIS SPECIFIC PROVISION IS FOUND UNENFORCEABLE, THEN THE ENTIRETY OF THIS
ARBITRATION CLAUSE SHALL BE NULL AND VOID.


 


30. RIGHT
TO OPT OUT OF ARBITRATION. SELLER AND GUARANTOR(S) MAY OPT OUT OF THIS CLAUSE. TO OPT OUT OF THIS ARBITRATION CLAUSE, SELLER AND EACH
GUARANTOR MUST SEND BUYER A NOTICE THAT THE SELLER AND EACH GUARANTOR DOES NOT WANT THIS CLAUSE TO APPLY TO THIS AGREEMENT. FOR ANY OPT
OUT TO BE EFFECTIVE, SELLER AND EACH GUARANTOR MUST SEND AN OPT OUT NOTICE TO THE FOLLOWING ADDRESS BY REGISTERED MAIL, WITHIN 14 DAYS
AFTER THE DATE OF THIS AGREEMENT: BUYER – ARBITRATION OPT OUT,


 




    -8-


     


    

 


31. SERVICE
OF PROCESS. IN ADDITION TO THE METHODS OF SERVICE ALLOWED BY THE NEW YORK STATE CIVIL PRACTICE LAW & RULES (“CPLR”),
SELLER HEREBY CONSENTS TO SERVICE OF PROCESS UPON IT BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, SERVICE HEREUNDER SHALL
BE COMPLETE UPON SELLER’S ACTUAL RECEIPT OF PROCESS OR UPON BUYER’S RECEIPT OF THE RETURN THEREOF BY THE UNITED STATES POSTAL
SERVICE AS REFUSED OR UNDELIVERABLE. SELLER MUST PROMPTLY NOTIFY BUYER, IN WRITING, OF EACH AND EVERY CHANGE OF ADDRESS TO WHICH SERVICE
OF PROCESS CAN BE MADE. SERVICE BY BUYER TO THE LAST KNOWN ADDRESS SHALL BE SUFFICIENT. SELLER WILL HAVE (30) CALENDAR DAYS AFTER SERVICE
HEREUNDER IS COMPLETE IN WHICH TO RESPOND. FURTHERMORE, SELLER EXPRESSLY CONSENTS THAT ANY AND ALL NOTICE(S), DEMAND(S), REQUEST(S) OR
OTHER COMMUNICATION(S) UNDER AND PURSUANT TO THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES SHALL BE DELIVERED IN ACCORDANCE
WITH THE PROVISIONS OF THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES.


 


 32. FEE STRUCTURE.




 


		a.	NSF: _______



 


		b.	ACH REJECTION: ______





 


		c.	BANK CHANGE: ______





 


		d.	BLOCKED ACCOUNT: _____





 


		e.	DEFAULT: _______



 





	Seller:	ADITXT,
    INC.	 
	 	 	 
	Agreed to by:		(Signature) 
	 	 
	Name:	 	 
	 	 	 
	Title:	Authorized
    Representative	
	 	 	 
	Guarantor:	ADITXT, INC.	 
	 	 	 
	Agreed to by:		(Signature)
	 	 	 
	Name:	 	 
	 	 	 
	Title:	Authorized
    Representative	


 





	Initials:                          		 


 




    -9-


     


    



 


GUARANTY OF PERFORMANCE


 


This Guaranty of Performance (this “Guaranty”)
is executed as of                                                                ,
by                                   


ADITXT, INC.                                                                                                        
(the “Guarantor”), for the benefit of ________


 


(“Buyer”) (“Buyer”).


 


Capitalized terms used herein, but not defined, shall have the meanings
assigned to them in the Purchase Agreement (as hereinafter defined).


 






    -10-


     


    

 


RECITALS


 


A. Pursuant to that Agreement for the
Purchase and Sale of Future Receipts (the “Purchase Agreement”), dated of even date herewith, between Buyer
and ADITXT, INC. (“Seller”), Buyer has purchased Future Receipts of Seller.


 


B. Buyer
is not willing to enter into the Purchase Agreement unless Guarantor irrevocably, absolutely and unconditionally guarantees prompt and
complete performance to Buyer of all of the obligations of Seller; and


 


 C. Guarantor will directly benefit from Buyer and Seller entering into the Purchase Agreement.




 


AGREEMENT


 


As an inducement to Buyer to purchase the Future Receipts identified
in the Purchase Agreement, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged,
Guarantor does hereby agree as follows:


 


1. Defined
Terms: All capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Purchase
Agreement.


 


2. Guaranty
of Obligations: Guarantor hereby irrevocably, absolutely and unconditionally guarantees to Buyer prompt and complete performance of
all of Seller’s obligations under the Purchase Agreement


 


3. Guarantor’s
Other Agreements:Guarantor will not dispose, convey, sell or otherwise transfer, or cause Seller to dispose, convey, sell or otherwise
transfer, any material business assets of Seller without the prior written consent of Buyer, which may be withheld for any reason, until
receipt of the entire Purchased Amount. Guarantor hereby agrees to pay all costs and attorney’s fees incurred by Buyer in connection
with any actions commenced by Buyer to enforce its rights or incurred in any action to defend its performance under the Purchase Agreement
and this Guaranty. This Guaranty is binding upon Guarantor, and Guarantor’s heirs, legal representatives, successors and assigns.
If there is more than one Guarantor, the obligations of the Guarantors hereunder shall be joint and several. The obligation of Guarantor
shall be unconditional and absolute, regardless of the unenforceability of any provision of any agreement between Seller and Buyer, or
the existence of any defense, setoff or counterclaim which Seller may assert. Buyer is hereby authorized, without notice or demand and
without affecting the liability of Guarantor hereunder, to at any time renew or extend Seller’s obligations under the Purchase Agreement
or otherwise modify, amend or change the terms of the Purchase Agreement. Guarantor is hereby notified that a negative credit report reflecting
on his/her credit record may be submitted to a credit reporting agency if the terms of this Guaranty are not honored by the Guarantor.


 


4. Waiver;
Remedies: No failure on the part of Buyer to exercise, and no delay in exercising, any right under this guaranty shall operate as
a waiver, nor shall any single or partial exercise of any right under this guaranty preclude any other or further exercise of any other
right. The remedies provided in this guaranty are cumulative and not exclusive of any remedies provided by law or equity. In the event
that Seller fails to perform any obligation under the Purchase Agreement, Buyer may enforce its rights under this guaranty without first
seeking to obtain performance for such default from Seller or any other guarantor.


 


5. Acknowledgment of Purchase: Guarantor
acknowledges and agrees that the Purchase Price paid by Buyer to Seller in exchange for the Purchased Amount is a purchase of the
Purchased Amount and is not intended to be treated as a loan or financial accommodation from Buyer to Seller. Guarantor specifically
acknowledges Buyer is not a lender, bank or credit card processor, and that Buyer has not offered any loans to Seller, and guarantor
waives any claims or defenses of usury in any action arising out of this guaranty. Guarantor acknowledges the Purchase Price paid to
Seller is good and valuable consideration for the sale of the Purchased Amount of Future Receipts.


 






    -11-


     


    

 


6. Governing
Law and Jurisdiction: This Guaranty shall be governed by, and constructed in accordance with, the internal laws of the State of New
York without regard to principles of conflicts of law. Except as provided in Section of this guaranty, guarantor submits to the exclusive
jurisdiction and venue of the state or federal courts having jurisdiction over any city/county in the State of New York of any claims
or actions arising, directly or indirectly, out of or related to this guaranty. The parties stipulate that the venues referenced in this
Agreement are convenient. The parties further agree that the mailing by certified or registered mail, return receipt requested, of any
process required by any such court will constitute valid and lawful service of process against them, without the necessity for service
by any other means provided by statute or rule of court, but without invalidating service performed in accordance with such other provisions.


 


7. JURY WAIVER:
THE PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION
WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIVER IS PROHIBITED
BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. THE PARTIES ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY, WILLINGLY
AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR ATTORNEYS.


 


8. CLASS
ACTION WAIVER: THE PARTIES WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS
OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE
EXTENT EITHER PARTY IS PERMITTED BY LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES
AGREE THAT: (I) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS
OR REPRESENTATIVE ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS
A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.


 






    -12-


     


    

 


9. ARBITRATION: IF BUYER, SELLER OR
ANY GUARANTOR REQUESTS, THE OTHER PARTIES AGREE TO ARBITRATE ALL DISPUTES AND CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT.
IF BUYER, SELLER OR ANY GUARANTOR SEEKS TO HAVE A DISPUTE SETTLED BY ARBITRATION, THAT PARTY MUST FIRST SEND TO THE OTHER PARTY, BY
CERTIFIED MAIL, A WRITTEN NOTICE OF INTENT TO ARBITRATE. IF BUYER, SELLER OR ANY GUARANTOR DO NOT REACH AN AGREEMENT TO RESOLVE THE
CLAIM WITHIN 30 DAYS AFTER THE NOTICE IS RECEIVED, BUYER, SELLER OR ANY GUARANTOR MAY COMMENCE AN ARBITRATION PROCEEDING WITH THE
AMERICAN ARBITRATION ASSOCIATION (“AAA”) OR NATIONAL ARBITRATION FORUM (“NAF”). BUYER WILL PROMPTLY REIMBURSE
SELLER OR THE GUARANTOR ANY ARBITRATION FILING FEE, HOWEVER, IN THE EVENT THAT BOTH SELLER AND THE GUARANTOR MUST PAY FILING FEES,
BUYER WILL ONLY REIMBURSE SELLER’S ARBITRATION FILING FEE AND, EXCEPT AS PROVIDED IN THE NEXT SENTENCE, BUYER WILL PAY ALL
ADMINISTRATION AND ARBITRATOR FEES. IF THE ARBITRATOR FINDS THAT EITHER THE SUBSTANCE OF THE CLAIM RAISED BY SELLER OR THE GUARANTOR
OR THE RELIEF SOUGHT BY SELLER OR THE GUARANTOR IS IMPROPER OR NOT WARRANTED, AS MEASURED BY THE STANDARDS SET FORTH IN FEDERAL RULE
OF PROCEDURE 11(B), THEN BUYER WILL PAY THESE FEES ONLY IF REQUIRED BY THE AAA OR NAF RULES. SELLER AND THE GUARANTOR AGREE THAT, BY
ENTERING INTO THIS AGREEMENT, THEY ARE WAIVING THE RIGHT TO TRIAL BY JURY. BUYER, SELLER OR ANY GUARANTOR MAY BRING CLAIMS AGAINST
ANY OTHER PARTY ONLY IN THEIR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE
PROCEEDING. FURTHER, BUYER, SELLER AND ANY GUARANTOR AGREE THAT THE ARBITRATOR MAY NOT CONSOLIDATE PROCEEDINGS FOR MORE THAN ONE
PERSON’S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING, AND THAT IF THIS
SPECIFIC PROVISION IS FOUND UNENFORCEABLE, THEN THE ENTIRETY OF THIS ARBITRATION CLAUSE SHALL BE NULL AND VOID.


 


10. RIGHT TO OPT OUT OF ARBITRATION:
SELLER AND GUARANTOR(S) MAY OPT OUT OF THIS CLAUSE. TO OPT OUT OF THIS ARBITRATION CLAUSE, SELLER AND EACH GUARANTOR MUST SEND BUYER
A NOTICE THAT THE SELLER AND EACH GUARANTOR DOES NOT WANT THIS CLAUSE TO APPLY TO THIS AGREEMENT. FOR ANY OPT OUT TO BE EFFECTIVE,
SELLER AND EACH GUARANTOR MUST SEND AN OPT OUT NOTICE TO THE FOLLOWING ADDRESS BY REGISTERED MAIL, WITHIN 14 DAYS AFTER THE DATE OF
THIS AGREEMENT: BUYER – ARBITRATION OPT OUT,  ____________________________________,


 


ATTENTION: LEGAL DEPARTMENT.


 


11. SERVICE
OF PROCESS. IN ADDITION TO THE METHODS OF SERVICE ALLOWED BY THE NEW YORK STATE CIVIL PRACTICE LAW & RULES (•••CPLR”),
GUARANTOR HEREBY CONSENTS TO SERVICE OF PROCESS UPON IT BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, SERVICE HEREUNDER
SHALL BE COMPLETE UPON GUARANTOR’S ACTUAL RECEIPT OF PROCESS OR UPON BUYER’S RECEIPT OF THE RETURN THEREOF BY THE UNITED
STATES POSTAL SERVICE AS REFUSED OR UNDELIVERABLE. GUARANTOR MUST PROMPTLY NOTIFY BUYER, IN WRITING, OF EACH AND EVERY CHANGE OF ADDRESS
TO WHICH SERVICE OF PROCESS CAN BE MADE. SERVICE BY BUYER TO THE LAST KNOWN ADDRESS SHALL BE SUFFICIENT. GUARANTOR WILL HAVE (30) CALENDAR
DAYS AFTER SERVICE HEREUNDER IS COMPLETE IN WHICH TO RESPOND. FURTHERMORE, GUARANTOR EXPRESSLY CONSENTS THAT ANY AND ALL NOTICE(S), DEMAND(S),
REQUEST(S) OR OTHER COMMUNICATION(S) UNDER AND PURSUANT TO THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES SHALL BE DELIVERED
IN ACCORDANCE WITH THE PROVISIONS OF THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES.


 


Initials:______________


 






    -13-


     


    

 








			12. Severability: If for any reason any court of competent jurisdiction finds any
                                                                                provisions of this guaranty to be void or voidable, the parties agree that the court may reform such provision(s) to render the
                                                                                provision(s) enforceable ensuring that the restrictions and prohibitions contained in this guaranty shall be effective to the
                                                                                fullest extent allowed under applicable law



 


			13. Opportunity for Attorney Review: The guarantor represents that it has carefully
                                                                                read this guaranty and has, or had a reasonable opportunity to, consult with its attorney. Guarantor understands the contents of
                                                                                this guaranty, and signs this guaranty as its free act and deed.



 


			14. Counterparts and Facsimile Signatures: This guaranty may be signed in one or more
                                                                                counterparts, each of which shall constitute an original and all of which when taken together shall constitute one and the same
                                                                                agreement. Facsimile or scanned documents shall have the same legal force and effect as an original and shall be treated as an
                                                                                original document for evidentiary purposes.



 


Corporate Guarantors (or other entities)


Guarantor:_____________________(Print
Name)

By:_ __________________________


Print Name or Signer:_____________

Its:___________________________(Official Position)


 


Initials:______________


 






    -14-


     


    

 





AUTHORIZATION AGREEMENT


 


FOR AUTOMATED CLEARING HOUSE
TRANSACTIONS


 


ADITXT,
INC. ](“Seller”) hereby authorizes ________________ (“Buyer”)(“Buyer”) to
present automated clearing house (ACH) debits to the following checking account in the amount of fees and other obligations due to
Buyer from Seller under the terms of that Agreement for the Purchase and Sale of Future Receipts (the “Agreement”)
entered into between Seller and Buyer, as it may be amended, supplemented or replaced from time to time. In addition, if an Event of
Default (as defined in the Agreement) occurs, Seller authorizes Buyer to debit any and all accounts controlled by Seller or
controlled by any entity with the same Federal Tax Identification Number as Seller up to the total amount, including but not limited
to, all fees and charges, due to Buyer from Seller under the terms of the Agreement.


 





	Transfer Funds To/From:
	 	Name of Bank:
	        	 
	 	 	 	 	 
	 	 	ABA Transit/Routing :
	 	 
	 	 	 	 	 
	 	 	Checking Account :
	 	 



 


This authorization is to remain in full force and effect
until all obligations due to Buyer under the Agreement have been fulfilled.


 


	ADITXT, INC.	 	 	 	 
	Seller Information:	 	Seller s Name:	ADITXT, INC.	 
	 	 	Signature of Authorized Representative:	 	 
	 	 	 	 	 
	 	 	
    Print Name:
	AMRO ALBANNA	 
	 	 	 	 	 
	 	 	Title:	AUTHORIZED REPRESENTATIVE	 
	 	 	 	 	 
	 	 	Sellers Tax ID:	 	 
	 	 	 	 	 
	 	 	Date:	 	 



 


[Attached Voided Check Here]


 


Initials:______________


  






    -15-


     


    

 


Dear Seller,


 


Please fill out the form below with the access information
for your bank account, please write legibly and indicate lower/upper case sensitivity.


 


	Legal Name/DBA:	Aditxt,
    Inc.	 
	 	 	 
	Bank portal Website:	N/A	 
		 	 
	Username:	N/A	 
	 	 	 
	Password:	N/A	 
		 	 
	Security Question/Answer 1:	N/A	 
	 	 	 
	Security Question/Answer 2:	N/A	 
	 	 	 
	Security Question/Answer :3	 	 
	 	 	 
	Security Question/Answer 4:	 	 
	 	 	 
	Security Question/Answer 5:	 	 
	 	 	 
	Security Question/Answer :6	 	 



 




    Any other information necessary
    to access your account:



 


Initials:______________


 







    -16-


     


    






 


THIS FORM MUST BE FILLED OUT BEFORE
FUNDING.


 


Dear Seller,


 


Please fill out the form below with contact information
and reference.


 


Contact Information


 


	Guarantor Name:	Aditxt, Inc.	 


 


	Phone Number:	 	 


 


	Email:	 	 


 


Personal
Reference #1

 


	Name:	N/A	 


 


	Phone Number:	N/A	 


 


Personal
Reference #2

 


	Name:	N/A	 


 


	Phone Number:	N/A	 


 


Business
Reference #1

 


	Company Name: 	N/A	 


 


	Contact Name:	N/A	 


 


	Business Phone:	N/A	 


 


Business
Reference #2

 


	Company Name: 	N/A	 


 


	Contact Name:	N/A	 


 


	Business Number: 	N/A	 


 


Emergency
Contact

 


	Name:	N/A	 


 


	Relationship:	N/A	 


 


	Phone Number:	N/A	 


 


	Email:	N/A	 


 













    -17-


     


    

 


NO STACKING ADDENDUM


 


Addendum (the “Addendum”) to the Purchase and Sale of Future
Receivables Agreement (the “Agreement”) by: Seller(s): _________________


Purchaser: __________________(“Purchaser”)





 


	Purchase Price:	_____________________	Purchased Amount:	__________________________







 


Specified Percentage: _______________________


 


1. Unless otherwise
specifically defined herein, all capitalized terms in this Addendum shall have the  meanings set forth in the Agreement.


 


2. Seller agrees
and understands that while an outstanding balance of uncollected Receivables with Purchaser exists, Seller is strictly prohibited
from enter into any transactions with a third party, whether an individual, company or other entity, to sell Future Receipts, or
to initiate or accept a cash advance from any funding source without first paying off the outstanding balance with Purchaser. Seller
understands and acknowledges that doing so would place Seller in breach of the Agreement, and ADITXT, INC. (“Seller”)
and ADITXT, INC.  (“Guarantor”) will be  immediately liable for the full outstanding balance owed to Purchaser.


 


3. Seller
further agrees not to create, incur or permit to exist any lien, security interest, pledge, charge or encumbrance of any kind in respect
to Future Receivables while an outstanding balance of uncollected Receivables with Purchaser exists. In other words, Seller agrees not
to use Future Receivables as collateral for any type of transaction while an outstanding balance with Purchaser exists.


 


4. Seller and Guarantor
acknowledge that any false representation in this Addendum constitutes fraud and will trigger a default under the Agreement, entitling
Purchaser to accelerate the receivable balance due and to seek any and all additional legal remedies available to the Purchaser provided
for in the Agreement.


 


5. In further consideration
of Purchaser entering into this transaction, Seller shall either (a) deliver to Purchaser all of Seller’s bank account statements on or
before the 10th day of every month during the term of the Agreement, or (b) provide Purchaser with active log on capabilities for every
bank account maintained by Seller so that Purchaser can access all information Purchaser feels is necessary from such accounts.


 


6. In the event
that Seller breaches the terms of Paragraphs 2, 3, 4 and/or 5 above, Purchaser shall have the following remedies, any or all of which
may be exercised by Purchaser in its sole discretion:


 


 (a) The Purchased Amount due at each payment interval set forth in the Agreement (whether daily, weekly, bi-weekly or monthly, as applicable), shall immediately double to the sum or to the extent the collection method is a credit card split the holdback percentage will double;




 


 (b) The entire balance of the Purchased Amount shall be immediately due and payable;




 


 (c) The Confession of Judgment, if any, shall be immediately filed with the appropriate court of law; and




 


 (d) Purchaser shall avail itself of all additional remedies set forth in Section 16 of the Agreement.




 


Initials:______________


 




    -18-


     


    

 


7. The Addendum
and is hereby incorporated into the Agreement by reference and constitutes part of the Agreement. Except as amended hereby, the Agreement
shall be and remain in full force and effect and is hereby ratified and confirmed by Seller and Purchaser. If the terms and provisions
of this Addendum are inconsistent with the Agreement, the terms and provisions of the Addendum shall govern to the extent of such inconsistency.


 


8. All written
notices and consents required to be given hereunder shall be given in accordance with the notice requirements under Section 19 of the
Agreement.


 


9. This Addendum
may be executed with facsimile signatures and/or in any number of counterparts, each of which shall be deemed an original and all of such
counterparts when taken together shall constitute but one and the same documents which shall be sufficiently evidenced by such executed
counterparts.


 


Agreed
and Accepted on behalf of Seller:


 





	Seller: 	ADITXT,
    INC.	 


 


	Agreed to by: 		 	(Signature)



 


	Name:	 	 
	 	 
	Title:	Authorized
    Representative	 


 

Initials:______________


 


 


 


-19-