Exhibit 10.2


 


PERSONAL
GUARANTY OF PERFORMANCE


 


This
Personal Guaranty of Performance (this “Guaranty”) is executed as of 28 February , 2022 by Christin Hemmens
(the “Guarantor”), for the benefit of CFG Merchant Solutions, LLC (“Buyer”). Capitalized terms used herein, but
not defined, shall have the meanings assigned to them in the Purchase Agreement (as hereinafter defined).


 


RECITALS


 


	 	A.	Pursuant
    to that Purchase Agreement (the “Agreement”), dated of even date herewith, between Buyer and MCA NAPLES, LLC (“Seller”),
    Buyer has purchased Future Receipts of Seller.
	 	B.	Buyer
    is not willing to enter into the 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 Agreement.


 


AGREEMENT


 


As
an inducement to Buyer to purchase the Future Receipts identified in the 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
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 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. 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 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 Agreement or otherwise modify, amend or change
the terms of the 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. Guarantor expressly consents to conduct
business by electronic means.


 


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 Agreement, Buyer may enforce its rights under this Guaranty without first
seeking to obtain either performance or payment 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
Amount Sold is a purchase of the Amount Sold 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 Amount Sold of Future Receipts.


 







6.
Governing Law; Venue; Service of Process: This Guaranty and all acts and transactions hereunder and thereunder and all rights and
obligations of Buyer and Guarantor shall be governed, construed and interpreted in accordance with the internal laws of the State of
New York. Guarantor: (i) agrees that all actions or proceedings relating directly or indirectly hereto shall, at the option of Buyer,
be litigated in courts located within said state, and, that, at the option of Buyer, the exclusive venue therefore shall be New York
County, State of New York; (ii) consents to the jurisdiction and venue of any such court and consents to service of process in any such
action or proceeding by personal delivery or any other method permitted by law; and (iii) waives any and all rights Guarantor may have
to object to the jurisdiction of any such court, or to transfer or change the venue of any such action or proceeding.


 


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: BUYER, SELLER, AND EACH GUARANTOR ACKNOWLEDGE AND AGREE THAT THE AMOUNT AT ISSUE IN THIS TRANSACTION AND
ANY DISPUTES THAT ARISE BETWEEN THEM ARE LARGE ENOUGH TO JUSTIFY DISPUTE RESOLUTION ON AN INDIVIDUAL BASIS. EACH PARTY HERETO WAIVES
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.


 


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: CFG MERCHANT SOLUTIONS, LLC, HEAD OF OPERATIONS, ARBITRATION OPT OUT, 201 ROUTE 17 NORTH, SUITE
805, RUTHERFORD, NEW JERSEY 07070.


 


11.
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.


 


12.
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.


 


13.
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.


 


	 	Owner
    1 -
	 	Guarantor:	 
	 	(Print
    Name)
	 	Signature:	 
	 	Owner
    2 -
	 	Guarantor:	 
	 	(Print
    Name)
	 	Signature:	 
	 	 
	 	For
    Corporate Guarantors (or other entities) –
	 	Guarantor:	 
	 	By:	 
	 	Print
    Name of Signer:	 
	 	Its:		(Official
    Position)