Exhibit 10.60


 


DEBT PURCHASE AGREEMENT 


 


THIS DEBT
PURCHASE AGREEMENT (this "Agreement"), is made and entered into as of the  15th  day
of July, 2015, by and among TCA GLOBAL CREDIT MASTER FUND, LP, a Cayman Islands limited partnership, with an address of
3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV 89169 ("Assignor" or "Lender"),
REDWOOD MANAGEMENT, LLC, a Florida limited liability company, with an address of 16850 Collins Ave., Suite 112-341, Sunny
Isles, Florida 33160 ("Assignee"), and MYECHECK, INC., a Wyoming corporation (the "Borrower").


 


WITNESSETH


 


WHEREAS,
the Borrower and Lender entered into a Securities Purchase Agreement dated as of August 31, 2014, but made effective as of October
29, 2014 (such Securities Purchase Agreement, together with any other amendments, renewals, substitutions, replacements or modifications
from time to time, collectively referred to as the "Purchase Agreement"); and


 


WHEREAS, pursuant
to the Purchase Agreement, the Borrower executed and delivered to Lender that certain Senior Secured, Convertible, Redeemable Debenture
dated as of August 31, 2014, but made effective as of October 29, 2014 (such Debenture, together with any other amendments, renewals,
substitutions, replacements or modifications from time to time, collectively referred to as the "Debenture");
and


 


WHEREAS,
pursuant to Section 4 (a)(1) of the Securities Act of 1933, as amended (the "Securities Act"), Assignee
desires to purchase from Lender, and Lender is amenable to selling and assigning to Assignee, Assignor's right, title and interest
in and to the monetary obligations evidenced by the Debenture (the "Assigned Debt"), which Assigned Debt
shall be purchased by Assignee in tranches as more specifically hereinafter set forth; and


 


WHEREAS,
on or prior to each "Purchase Tranche Closing" (as hereinafter defined), as directed by Lender, the Borrower agrees to
sever, split, divide and apportion the Debenture, as applicable (or any replacement debentures issued in replacement thereof as
hereby contemplated, as applicable) into two separate and distinct replacement debentures, each in substantially the form as set
forth on Exhibit "A" attached hereto (the "Debenture Form"), one for the amount
of the portion of the Assigned Debt being sold and assigned at such Purchase Tranche Closing (the portion of the Assigned Debt
being sold and assigned at each separate Purchase Tranche Closing, as applicable, being referred to as the "Applicable
Assigned Debt"), and one for the remaining amount of the overall debt evidenced by the Debenture (or any replacement
debentures issued in replacement thereof as hereby contemplated, as applicable);


 


NOW, THEREFORE,
in consideration of the mutual covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged and agreed, Assignor, Assignee, and Borrowers hereby covenant and agree as follows:


 


1.           Recitals.
The recitations set forth in the preamble of this Agreement are true and correct and incorporated herein by this reference.


 




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2.           Agreement
to Assign Assigned Debt.


 


(a)          Purchase
Tranche Closings. Provided there is no default or breach under this Agreement, and that no event has occurred that, with the
passage of time, the giving of notice, or both, would constitute a default or breach under this Agreement, and subject to all the
terms and provisions of this Agreement, the Assignor hereby agrees to sell and assign to Assignee, and Assignee hereby agrees to
purchase from Assignor, the Assigned Debt, which Assigned Debt shall be sold in four (4) separate tranches (each of such tranches
hereinafter referred to as a "Purchase Tranche"), each of such separate Purchase Tranches to be
sold and assigned on the respective dates and for the respective amounts set forth in the schedule attached hereto as Exhibit
"B" (each closing of a Purchase Tranche referred to as a "Purchase Tranche Closing"
and the purchase price to be paid for each Applicable Assigned Debt at each Purchase Tranche Closing, as shown on such attached
schedule, referred to as the "Applicable Purchase Price"); provided, however, Assignee may
elect to purchase a greater portion of the Assigned Debt than that set forth in the attached schedule for any given Purchase Tranche
Closing, up to the aggregate amount of the Assigned Debt, by written notice to Assignor and Borrower delivered prior to the applicable
Purchase Tranche Closing.


 


(b)          Deliveries
at Each Purchase Tranche Closing. Subject to the terms of this Agreement, at each Purchase Tranche Closing: (i) Lender shall
execute and deliver to Assignee, an assignment of the Applicable Assigned Debt being sold and assigned at such Purchase Tranche
Closing, substantially in the form attached hereto as Exhibit "C" (each, an "Assignment");
(ii) Lender shall deliver to Assignee the original replacement debenture for the Applicable Assigned Debt being sold and assigned
at such Purchase Tranche Closing (subject to receipt of same by Lender from Borrower as provided in Section 2(c) below); and (iii)
Assignee shall pay to Lender the Applicable Purchase Price for the Applicable Assigned Debt being sold and assigned at such Purchase
Tranche Closing, by wire transfer of good and cleared U.S. currency to an account designated by Lender.


 


(c)          Borrower's
Obligation to Sever Debenture. On or prior to each Purchase Tranche Closing, and within no later than three (3) business days
after request therefor is made by Lender to Borrower, the Borrower agrees to sever, split, divide and apportion the Debenture,
as applicable (or any replacement debentures issued in replacement thereof as hereby contemplated, as applicable) into two separate
and distinct and newly issued replacement debentures, each substantially in the Debenture Form. One of such replacement debentures
shall be for a principal amount equal to the Applicable Purchase Price corresponding to the Applicable Assigned Debt for the applicable
Purchase Tranche Closing, and the second replacement debenture shall be for a principal amount equal to the remaining amount of
the overall debt then existing and evidenced by the Debenture (or any replacement debentures issued in replacement thereof as hereby
contemplated, as applicable). In order to clarify the foregoing, as an example, on or prior to the first Purchase Tranche Closing
contemplated hereby, upon request by Lender, the Borrower shall provide to Lender two replacement debentures in replacement of
the Debenture, one for $50,000.00, which is the Applicable Purchase Price for the Applicable Assigned Debt being sold and assigned
at the first Purchase Tranche Closing, and the second for $601,731.84 (as of July 3,2015), which is the amount of the overall debt
evidenced by the Debenture, less the Applicable Purchase Price for the first replacement debenture being sold and assigned at the
first Purchase Tranche Closing. This second replacement debenture shall then be severed in the same manner for the second Purchase
Tranche Closing, and this foregoing process of severing and issuing replacement debentures shall be repeated for each Purchase
Tranche Closing, until the Assigned Debt is sold and assigned in full, or this Agreement is otherwise earlier terminated in accordance
with its terms. Assignee acknowledges and understands that Lender's obligation to sell, assign and deliver each original replacement
debenture representing the Applicable Assigned Debt at each Purchase Tranche Closing is subject to and conditioned upon Borrower
executing and delivering such replacement debentures to Lender in accordance with this Agreement.


 




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(d)          Remaining
Debt. Assignee and Borrower acknowledge that at each Purchase Tranche Closing, and subject to Lender's receipt of the Applicable
Purchase Price, only the Applicable Assigned Debt represented by the specific replacement debenture representing the applicable
Purchase Tranche shall be deemed sold and assigned hereunder, it being acknowledged by Assignee and by Borrower that the remaining
portion of the debt evidenced by the Debenture (or any replacement debentures issued in replacement thereof as hereby contemplated,
as applicable) for which the Applicable Purchase Price has not been paid and received by Lender (the "Remaining Debt")
shall not be sold or assigned thereby unless and until additional replacement debentures for additional Purchase Tranches are thereafter
sold in accordance with this Agreement and the Applicable Purchase Price therefor is received by Lender.


 


(e)          No Security
Rights. Assignee hereby agrees and acknowledges that the sale, transfer and assignment of the Assigned Debt, or any portion
thereof, shall be a sale, transfer and assignment of the monetary obligations evidenced by such Assigned Debt (or portion thereof)
only, and shall not include, and such sale, transfer and assignment expressly excludes, the Remaining Debt, as well as excluding
any and all security rights, rights to any collateral, or any other security interests or rights of Assignor of any nature or kind
related to, arising under, or pursuant to, the Purchase Agreement, any other "Transaction Documents" (as defined in the
Purchase Agreement) related thereto, or any other security agreements, UCC financing statements, or any other documents or instruments
relating to the obligations of the Borrower, or any "Guarantor" (as defined in the Purchase Agreement) to Assignor (collectively,
the "Security Rights"), it being agreed and acknowledged that all Security Rights shall remain with Assignor,
as security for any portion of the Assigned Debt not assigned at any Purchase Tranche Closing, the Remaining Debt, or any other
obligations of Borrower or any Guarantors to Assignor.


 


3.           Conditions
to Purchases.


 


(a)           Initial Purchase. The initial
Purchase Tranche contemplated hereunder shall be closed and funded simultaneous with the execution of this Agreement by Lender,
Assignee and Borrower.


 


(b)         Additional Purchases. If the first Purchase Tranche Closing is consummated hereunder, and the Applicable Purchase Price
therefor is paid and received by Lender as contemplated under this Agreement, then Assignee's obligation to purchase any additional
Purchase Tranches as hereby contemplated is a binding and continuing obligation of Assignee; provided, however, Assignee shall
have the right to terminate such obligation at any time during the term of this Agreement upon the occurrence of any of the following
events (each a "Trigger Event"): (i) the Borrower fails to stay current in its filing obligations with
the SEC; (ii) trading of the Borrower's Common Stock on the "Principal Trading Market" (as defined in the Purchase Agreement)
is stopped or halted for any reason; (iii) any suspension of electronic trading or settlement services by the Depository Trust
Company ("DTC") with respect to the Common Stock occurs and is continuing, or any receipt by the Borrower
of any notice from DTC to the effect that a suspension of electronic trading or settlement services by DTC with respect to the
Common Stock is being imposed or is contemplated (unless, prior to such suspension, DTC shall have notified the Borrower in writing
that DTC has determined not to impose any such suspension); (iv) the Borrower is in default with its transfer agent (the "Transfer
Agent"), or the Transfer Agent fails to issue to Assignee any shares of the Borrower's Common Stock which may be
due to Assignee in connection with any conversion rights exercised by Assignee under any debentures purchased by Assignee hereunder,
or debentures issued in replacement thereof; (v) the Borrower fails to maintain its active status with the State of Wyoming; (vi)
Borrower shall default (beyond any applicable notice and cure periods) in any of its obligations to Assignee under the debentures
purchased by Assignee hereunder, or debentures issued in replacement thereof, or any other obligations of Borrower to Assignee;
(vii) the average daily dollar volume of the Borrower's Common Stock for the previous twenty (20) trading days is less than $50,000;
or (viii) the Borrower fails to reserve and keep available out of its authorized and unissued shares of Common Stock a number
of shares of Common Stock at least equal to 250% of the number of shares of Common Stock issuable upon conversion of the Assigned
Debt for the sole purpose of issuance upon conversion of the Assigned Debt. Upon the occurrence of a Trigger Event, in the event
Assignee desires to terminate its obligation to purchase Purchase Tranches as hereby contemplated, Assignee shall deliver to Lender
written notice of such termination delivered within five (5) days of the occurrence of the Trigger Event (which notice shall include
a statement of the Trigger Event that has occurred and reasonable evidence of the occurrence thereof), whereupon Assignee's obligation
to purchase any additional Purchase Tranches thereafter shall immediately terminate and be of no further force or effect.


 




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4.          Representations
and Warranties of Assignor. Assignor makes the following representations and warranties to Assignee, each of which shall be
deemed made as of the Effective Date, and re-made as of each Purchase Tranche Closing:


 


(a)            Assignor is
the legal and equitable owner of Assignor's right, title and interest in and to the Assigned Debt, except for any portion of the
Assigned Debt previously sold and assigned to Assignee pursuant to this Agreement; and


 


(b)         
Assignor has not sold, transferred, assigned, pledged, hypothecated, or otherwise encumbered the Assigned Debt, or any portion
thereof, except for any portion of the Assigned Debt previously sold and assigned to Assignee pursuant to this Agreement; and


 


(c)          The Assignor
is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization with
full right, corporate, partnership or other applicable power and authority to enter into and to consummate the transactions contemplated
by this Agreement and otherwise to carry out its obligations hereunder, and the execution, delivery and performance by the Assignor
of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate, partnership, or similar
action on the part of the Assignor.


 


(d)             The Assignor is not, and for a
period of at least ninety (90) days prior to the date hereof has not been, an "Affiliate" of the Borrower, as said term
is defined in Rule 144 ("Rule 144") of the Rules and Regulations promulgated under the Securities
Act.


 


(e)             This Agreement, when executed and
delivered by the Assignor, will constitute a valid and legally binding obligation of the Assignor, enforceable against the Assignor
in accordance with its terms, except: (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance, and any other laws of general application affecting enforcement of creditors' rights generally; or (ii) as limited
by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.


 


(f)             To the best knowledge of the Assignor,
neither the execution and delivery of this Agreement, or any Assignment, nor the consummation of the transactions contemplated
hereby, does or will violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge
or other restriction of any government, governmental agency, or court to which the Assignor is subject or any provision of its
organizational documents or other similar governing instruments, or conflict with, violate or constitute a default under any agreement,
credit facility, debt or other instrument or understanding to which the Assignor is a party. The Assignor has consulted such legal,
tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with this Agreement
and the assignment of the Assigned Debt, any portion thereof, or any instruments evidencing same as contemplated hereby.


 


(g)             There is no
action, suit, proceeding, judgment, claim or investigation pending, or to the knowledge of the Assignor, threatened against the
Assignor which could reasonably be expected in any manner to challenge or seek to prevent, enjoin, alter or materially delay any
of the transactions contemplated hereby, except that Assignor has filed suit against the Borrower and others seeking repayment
of the sums due under the Purchase Agreement and related Transaction Documents.


 




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(h)             No authorization,
consent, approval or other order of, or declaration to or filing with, any governmental agency or body or other Person is required
for the valid authorization, execution, delivery and performance by the Assignor of this Agreement and the consummation of the
transactions contemplated hereby, except for authorizations, consents, and approvals obtained prior to the date hereof.


 


(i)              Except for the foregoing representations
and warranties, this Agreement and each Assignment is made by Assignor without recourse, representation or warranty of any nature
or kind, express or implied, and Assignor specifically disclaims any warranty, guaranty or representation, oral or written, past,
present or future with respect to the Assigned Debt, any portion thereof, or any instruments evidencing same, including, without
limitation: (i) the validity, effectiveness or enforceability of the Assigned Debt, any portion thereof, or any instruments evidencing
same; (ii) the validity, existence, or priority of any lien or security interest securing the obligations of Borrower or any other
Credit Parties evidenced by the Assigned Debt, any portion thereof, or any instruments evidencing same; (iii) the existence of,
or basis for, any claim, counterclaim, defense or offset relating to the Assigned Debt, any portion thereof, or any instruments
evidencing same; (iv) the financial condition of the Borrower, or any other Credit Parties or guarantor or obligor liable under
the Assigned Debt, any portion thereof, or any instruments evidencing same, or the ability of any such parties to pay or perform
their respective obligations under the Assigned Debt, any portion thereof, or any instruments evidencing same; (v) the compliance
of the Assigned Debt, any portion thereof, or any instruments evidencing same with any laws, ordinances or regulations of any
governmental agency or other body; (vi) the value or condition of any collateral securing the obligations under the Assigned Debt,
any portion thereof, or any instruments evidencing same; and (vii) the future performance of the Borrower or any other Credit
Parties or guarantor or obligor liable under the Assigned Debt, any portion thereof, or any instruments evidencing same. Assignee
acknowledges and represents to Assignor that Assignee has been given the opportunity to undertake its own investigations of the
Borrower, the Assigned Debt, any portion thereof, or any instruments evidencing same, and having undertaken and performed all
such investigations as Assignee deemed necessary or desirable, Assignee represents, warrants and agrees that it is relying solely
on its own investigation of the Borrower, the Assigned Debt, any portion thereof, or any instruments evidencing same, and not
any information whatsoever provided or to be provided by Assignor, or any representation or warranty of Assignor. This Agreement,
and each Assignment of the Assigned Debt, or portion thereof, as provided for herein is made on an "AS IS,"
"WHERE IS" basis, with all faults, and Assignee, by acceptance of this Agreement and each Assignment,
shall be deemed to have agreed and acknowledged that Assignor has fully performed, discharged and complied with all of Assignor's
obligations, representations, warranties, covenants and agreements hereunder, that Assignor is discharged therefrom, and that
Assignor shall have no further liability with respect thereto, except only for those express warranties contained in this Agreement,
and Assignee, by such acceptance, expressly acknowledges that ASSIGNOR MAKES NO WARRANTY OR REPRESENTATIONS, EXPRESS OR IMPLIED,
OR ARISING BY OPERATION OF LAW, RELATING TO THE ASSIGNED DEBT, ANY PORTION THEREOF, OR ANY INSTRUMENTS EVIDENCING SAME, EXCEPT
AS SPECIFICALLY SET FORTH HEREIN.


 


5.             Representations
and Warranties of Assignee. Assignee makes the following representations and warranties to Assignor, each of which shall be
deemed made as of the Effective Date, and re-made as of each Purchase Tranche Closing:


 




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(a)             The Assignee
is a legally recognized entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its
organization with full right, corporate, partnership or other applicable power and authority to enter into and to consummate the
transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder, and the execution, delivery and
performance by the Assignee of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate
or similar action on the part of the Assignee.


 


(b)             This Agreement, when executed and
delivered by the Assignee, will constitute a valid and legally binding obligation of the Assignee, enforceable against the Assignee
in accordance with its terms, except: (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance, and any other laws of general application affecting enforcement of creditors' rights generally; or (ii) as limited
by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.


 


(c)             The Assignee:
(i) either alone or together with its representatives, has such knowledge and experience in financial and business matters as to
be capable of evaluating the merits and risks of this investment and make an informed decision to so invest, and has so evaluated
the risks and merits of such investment; (ii) has the ability to bear the economic risks of this investment and can afford a complete
loss of such investment; (iii) understands the terms of and risks associated with the acquisition of the Assigned Debt, or any
portion thereof, or any instruments evidencing same, including, without limitation, a lack of liquidity, price transparency or
pricing availability and risks associated with the industry in which the Borrower operates; (iv) has had the opportunity to review
the Borrowers, its business, its financial condition, its prospects, the Purchase Agreement, the Assigned Debt, any portion thereof,
or any instruments evidencing same, all as the Assignee has determined to be necessary in connection with this Agreement and the
assignments contemplated hereby.


 


(d)
          The Assignee understands that: (i) the Assigned Debt, any portion
thereof, or any instruments evidencing same, have not been registered under the Securities Act or the securities laws of any
state; (ii) the Assigned Debt, any portion thereof, or any instruments evidencing same, is and will be "restricted
securities" as said term is defined in Rule 144; (iii) the Assigned Debt, any portion thereof, or any instruments
evidencing same, may not be sold, pledged or otherwise transferred unless a registration statement for such transaction is
effective under the Securities Act and any applicable state securities laws, or unless an exemption from such registration is
available with respect to such transaction; and (iv) the Assigned Debt, any portion thereof, or any instruments evidencing
same, will contain restrictive legends as to the foregoing in customary form.


 


(e)             The Assignee
is not accepting this Agreement or any Assignment as a result of any advertisement, article, notice or other communication regarding
the Assigned Debt, any portion thereof, or any instruments evidencing same published in any newspaper, magazine, internet or social
media, broadcast over television or radio, presented at any seminary, or under any other media generally circulated or available
to the public or any other general solicitation or general advertisement.


 


(f)          
Neither the execution and delivery of this Agreement, or any Assignment, nor the consummation of the transactions contemplated
hereby, does or will violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge
or other restriction of any government, governmental agency, or court to which the Assignee is subject or any provision of its
organizational documents or other similar governing instruments, or conflict with, violate or constitute a default under any agreement,
credit facility, debt or other instrument or understanding to which the Assignee is a party. The Assignee has consulted such legal,
tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with this Agreement
and the assignment of the Assigned Debt, any portion thereof, or any instruments evidencing same as contemplated hereby.


 




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(g)             There is no action, suit, proceeding,
judgment, claim or investigation pending, or to the knowledge of the Assignee, threatened against the Assignee which could reasonably
be expected in any manner to challenge or seek to prevent, enjoin, alter or materially delay any of the transactions contemplated
hereby.


 


(h)             No authorization, consent, approval
or other order of, or declaration to or filing with, any governmental agency or body or other Person is required for the valid
authorization, execution, delivery and performance by the Assignee of this Agreement and the consummation of the transactions contemplated
hereby.


 


(i)          The Assignee hereby acknowledges
that the Assigned Debt, any portion thereof, or any instruments evidencing same may only be disposed of in compliance with state
and federal securities laws. The Assignee further acknowledges that in connection with any transfer of the Assigned Debt, any portion
thereof, or any instruments evidencing same subsequent to the date hereof and other than pursuant to an effective registration
statement, or an applicable exemption to such registration requirements, the Borrower and/or the Borrower's transfer agent may
require an opinion of counsel, the form and substance of which opinion shall be reasonably satisfactory to the Borrower and/or
the Borrower's transfer agent, as applicable.


 


6.         
Borrower Acknowledgments.         Borrower hereby represents and warrants
that the obligations evidenced by the Debenture, including, without limitation, all obligations for the Assigned Debt, are valid
and enforceable obligations of the Borrower subject to no defenses, setoffs, counterclaims, cross-actions or equities in favor
of the Borrower, and to the extent the Borrower has any defenses, setoffs, counterclaims, cross-actions or equities against Assignor
and/or against the enforceability of any such obligations, the Borrower acknowledges and agrees that same are hereby fully and
unconditionally waived by the Borrower. The Borrower further acknowledges its obligations under Section 2(c) above, and agrees
to timely and promptly deliver replacement debentures to Lender as required by this Agreement. The Borrower further acknowledges
that the Assigned Debt is only being assigned hereunder in Purchase Tranches as contemplated above. In that regard, the Borrower
further acknowledges that the Remaining Debt is and remains valid and enforceable obligations of the Borrower. Borrower agrees
and acknowledges that it is and shall remain liable to pay the Remaining Debt, as same becomes due in accordance with the terms
of the Purchase Agreement and the Debenture, or any replacement debentures issued in replacement thereof as hereby contemplated,
and nothing contained herein shall be deemed or construed as any waiver or to otherwise excuse performance by Borrower under their
obligations to Lender.


 


7.             RELEASE.
AS A MATERIAL INDUCEMENT FOR LENDER TO AGREE TO ENTER INTO THIS AGREEMENT, BORROWER AND ASSIGNEE HEREBY RELEASE LENDER, TOGETHER
WITH ALL OF ITS PARTNERS AND AFFILIATES, AND THE OFFICERS, MEMBERS, DIRECTORS, PARTNERS, EMPLOYEES, AGENTS AND ATTORNEYS OF EACH
OF THE FOREGOING, FROM ALL CLAIMS, CAUSES OF ACTION AND LIABILITIES OF ANY NATURE OR KIND IN ANY WAY RELATING, DIRECTLY OR INDIRECTLY,
TO THE ASSIGNED DEBT, ANY COLLATERAL SECURING ANY OBLIGATIONS THEREUNDER, THIS AGREEMENT, OR ANY OTHER DEBTS OR OBLIGATIONS IN
ANY WAY RELATING TO THE PURCHASE AGREEMENT, TO THE EXTENT ARISING ON OR PRIOR TO THE DATE HEREOF, INCLUDING, WITHOUT LIMITATION,
ANY AND ALL CLAIMS ARISING FROM OR RELATING TO NEGOTIATIONS, DEMANDS, REQUESTS OR EXERCISE OF REMEDIES IN CONNECTION WITH THE ASSIGNED
DEBT, THIS AGREEMENT, ANY OTHER DEBTS OR OBLIGATIONS IN ANY WAY RELATING TO THE PURCHASE AGREEMENT, AND ANY AND ALL FEES OR CHARGES
COLLECTED IN CONNECTION WITH THE ASSIGNED DEBT, THIS AGREEMENT, OR ANY OTHER DEBTS OR OBLIGATIONS IN ANY WAY RELATING TO THE PURCHASE
AGREEMENT. MOREOVER UPON DELIVERY OF EACH ASSIGNMENT HEREUNDER, THE FOREGOING RELEASE SHALL BE DEEMED AUTOMATICALLY RE-MADE AND
EFFECTIVE FOR ALL CLAIMS, CAUSES OF ACTION AND LIABILITIES OF ANY NATURE OR KIND COVERED HEREBY TO THE EXTENT ARISING ON OR PRIOR
TO THE DATE OF SUCH ASSIGNMENT.


 




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8.          Default
and Termination.


 


(a)         
Breach By Assignor. In the event Assignor shall breach any of its covenants or agreements hereunder, and such breach
is not cured within twenty (20) days after Assignor's receipt of written notice of such breach from Assignee, which notice shall
specify the breach with specificity, then Assignee's sole and exclusive remedy hereunder shall be to terminate this Agreement
upon written notice to Assignor, whereupon this Agreement shall terminate and Assignor and Assignee shall have no further obligation,
each to the other, under this Agreement. Assignor and Assignee agree that the foregoing exclusive remedy will be adequate and
each of them agrees that Assignee shall not have any other remedies, at law or in equity, for any breach by Assignor not cured
within any applicable notice and cure period, other than termination of this Agreement as hereby provided.


 


(b)           Breach By Assignee. In the
event Assignee shall breach any of its covenants or agreements hereunder, and such breach is not cured within twenty (20) days
after Assignee's receipt of written notice of such breach from Assignor, which notice shall specify the breach with specificity,
then Assignor's sole and exclusive remedy hereunder shall be to terminate this Agreement upon written notice to Assignee, whereupon
this Agreement shall terminate and Assignor and Assignee shall have no further obligation, each to the other, under this Agreement.
Assignor and Assignee agree that the foregoing exclusive remedy will be adequate and each of them agrees that Assignor shall not
have any other remedies, at law or in equity, for any breach by Assignee not cured within any applicable notice and cure period,
other than termination of this Agreement as hereby provided. Notwithstanding the foregoing to the contrary, the foregoing notice
and cure period shall not be applicable with respect to Assignee's failure to pay the Applicable Purchase Price at a Purchase
Tranche Closing, and any such failure shall be deemed an immediate breach hereunder, entitling Assignor to avail itself of the
exclusive termination remedy hereby provided immediately upon such failure to pay the Applicable Purchase Price at a Purchase
Tranche Closing.


 


(c)             Breach by Borrower. Any breach
by Borrower under this Agreement shall be deemed an event of default by Borrower under the Purchase Agreement, and any such breach
may be enforced by Assignor through any remedies available to Assignor, at law or in equity, or under the Purchase Agreement. Borrower
shall have no rights to enforce this Agreement as against Assignor or Assignee, nor shall any breach or default by Assignor or
Assignee hereunder in any way abrogate, limit, or otherwise affect Borrower's obligations under the Purchase Agreement and related
Loan Documents.


 


9.             No Waiver.
The parties recognize and acknowledge that by entering into this Agreement, the Lender is not waiving any rights or remedies it
may have under the Purchase Agreement or any of the Transaction Documents, any defaults or Events of Default arising thereunder,
or any judgments previously obtained by Lender in connection therewith, if any. In addition, notwithstanding anything contained
in this Agreement to the contrary, the Lender shall have the right, at any time, to accept payment in full of the then outstanding
Remaining Debt (from Borrower, Assignee, or any other Person), and in such event, Lender shall have the absolute right to terminate
this Agreement, without liability to Assignee or any other Person, with respect to any portion of the Assigned Debt not yet sold
and assigned to Assignee as of such date.


 


10.         Governing
Law. This Agreement shall be governed by and construed in accordance with the laws governing the Debenture.


 




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11.           Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns.


 


12.           Headings.
The headings of the paragraphs of this Agreement have been included only for convenience, and shall not be deemed in any manner
to modify or limit any of the provisions of this Agreement or used in any manner in the interpretation of this Agreement.


 


13.         Interpretation.
Whenever the context so requires in this Agreement, all words used in the singular shall be construed to have been used in the
plural (and vice versa), each gender shall be construed to include any other genders, and the word "Person"
shall be construed to include a natural person, a corporation, a firm, a partnership, a joint venture, a trust, an estate or
any other entity.


 


14.           Partial
Invalidity. Each provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. If any
provision of this Agreement or the application of such provision to any person or circumstances shall, to any extent, be invalid
or unenforceable, then the remainder of this Agreement, or the application of such provision to persons or circumstances other
than those as to which it is held invalid or unenforceable, shall not be affected by such invalidity or unenforceability.


 


15.         Execution.
This Agreement may be executed in one or more counterparts, all of which taken together shall be deemed and considered one and
the same Agreement, and same shall become effective when counterparts have been signed by each party and each party has delivered
its signed counterpart to the other party. In the event that any signature is delivered by facsimile transmission or by e-mail
delivery of a ".pdf' format file or other similar format file, such signature shall be deemed an original for all purposes
and shall create a valid and binding obligation of the party executing same with the same force and effect as if such facsimile
or ".pdf" signature page was an original thereof.


 


16.        Effective
Date. For purposes of this Agreement, the "Effective Date" shall mean the date when this Agreement
becomes fully executed by all parties hereto.


 


[Signatures on the following page]


 




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IN WITNESS
WHEREOF, Assignor. Assignee. and Borrower have executed this Agreement as of the date above first written.


 


	 	Assignor:
	 	 
	 	TCA GLOBAL CREDIT MASTER FUND, LP
	 	 	 
	 	By:	TCA Global Credit Fund GP. Ltd.
	 	Its:	General Partner
	 	 	 
	 	By:	/s/ Robert Press
	 	 	Robert Press, Director
	 	 	 
	 	Date:	15-July, 2015
	 	 	 
	 	Assignee:
	 	 
	 	REDWOOD MANAGEMENT, LLC. a Florida limited liability company
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Date:	 


 




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IN WITNESS
WHEREOF. Assignor. Assignee. and Borrower have executed this Agreement as of the date above first written.


 


	 	Assignor:
	 	 
	 	TCA GLOBAL CREDIT MASTER FUND, LP
	 	 	 
	 	By:	TCA Global Credit Fund GP, Ltd.
	 	Its:	General Partner
	 	 	 
	 	By:	 
	 	 	Robert Press, Director
	 	 	 
	 	Date:	 
	 	 	 
	 	Assignee:
	 	 
	 	REDWOOD MANAGEMENT, LLC. a Florida limited liability company
	 	 	 
	 	By:	/s/ John DeNobile
	 	Name:	John DeNobile
	 	Title:	Manager
	 	 	 
	 	Date:	7/15/15


 




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IN WITNESS
WHEREOF. Assignor. Assignee. and Borrower have executed this Agreement as of the date above first written.


 


	Borrower:	 
	 	 
	MYECHECK, INC.. a Wyoming corporation	 
	 	 
	By:	/s/ Ed Starrs	 	 
	Name:	Ed Starrs	 	 
	Title:	CEO	 	 
	Date:	7-14-2015	 	 


 




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EXHIBIT "A" 


 


FORM DEBENTURE 


 




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EXHIBIT "B" 


 


PURCHASE TRANCHES 


  


	Purchase
    Tranche Number	 	Available
    Purchase Price	 	 	Date
    for Purchase Tranche 

Closing
	1	 	$	50,000	 	 	On the Effective Date
	2	 	$	200,000	 	 	90 days after Company becomes a full reporting Company with the SEC
	3	 	$	200,000	 	 	120 days after Company becomes a full reporting Company with the SEC
	4	 	$	250,000	 	 	150 days after Company becomes a full reporting Company with the SEC



 




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EXHIBIT "C" 


 


FORM OF ASSIGNMENT 


 




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