Exhibit 10.31











COMMERC I AL PROM I SSO RY N OTE Republi c B a nk & T ru s t Com pa n y 6 0 I W es t Mnrk e t S tr eet  L ou i sv ille, K en t u cky 40202 (502)584 - 3600 L OAN NIJMDER NO'l't> : DATE 258 3 1 0 6 2 - - S ept e mb e r  22 , 2022 \ N P U Rl' OS F.: Pur c ha s e vehicle -- - P R TNC ll 'A L AMOUNT I . LOAN TERM $206,64 4 .00 I 84 m o nth s MATU RI TY D ATlt Se ptemb e r 22, 2029 BORROWER I NFORMAT I O N Trad i tion Lea s in g Syst e m s L.L .C. 3 0 0 Gro wth Pkw y S t e A Ango l a, I N 4 67 0 3 - 9 326 D F . F I N I TIO NS . T he fo ll ow in g de finiti ons a ppl y whe n u sed in this No t e . "Borrower" m e an s Traditi o n L e a s i n g S y s t e ms L . L . C .. "Co llat era l " m e an s th e Propert y that an y p ar ty t o thi s A gree m e nt o r t h e R e l a t e d D oc ument s m ay pl edge, mort g a g e , o r g i ve L ende r a sec urit y i nt e r est i n , r ega r dless of w h e r e th e Pr o p er t y i s loc at e d an d r ega r d l ess o r w h e n it was o r w ill b e ac quir ed, t oge th e r w it h a ll r epla ce m e nt s, s ubstitution s , pro cee d s, and produ c t s of th e Pro pe rty . "F inan cia l S t ateme nt s " mean th e bala nce s h ee t s, earn in gs s t a t e m en t s, a nd o t her fi n a n c i a l i n forma ti o n t h at a n y p a rt y ha s, is, or wi ll b e g i vi n g to Le nd e r . " L ender" mean s Repub l i c Ba n k & Tru s t C ompan y who se a ddre ss i s 6 01 W es t Mark e t S t r e et , l. o ui s v ill c, Kentu c k y 4020 2, it s s u c cess or s  a nd assig n s. "No t e" me a ns th is Co m me r c ial P ro mi sso r y No t e. " 01 ,lig : rtions" m e an s thi s N ot e and a ll o ther l o an s a nd indebt e dn ess of 11 o r ro w e r l o I . end e r , includin g bul n o t limit e d t o I . e n de r 's pay m en l s o f i n sura n ce or taxes, all a m o u n t s L e n der pays t o p ro tec t i ts int eres t in th e Co ll a t e ral , overd ra fts i n de p os it acc ou n t s wit h L end e r , a nd all o th e r i nde b t e dn ess, o hli go ti o n s, an d liabiliti es of U or r o w er t o Le nd er, w h e lh er m a tur ed o r u nrn at ur ed, li q uid a t ed o r unl iq uid a t e d , d ir e ct o r i ndir ec t , a h so lu 1 e o r co ntin ge nt , jo int o r se v e ral , d ue or t o b e c o m e du e, n o w e xi s t i n g o r h e r ea ft er a ri s in g . "Propert y " mea n s t h e Bo rr ower's asse t s, rega r d l ess of w h at k i n d of a sse t s they a r e . " R e l ated Do cu m e nt s" m ea n s a ll pr o mi ssory not es, s e c ur i t y a g r e em e nt s, m o rt g a g e s, dee ds of tru s t , d e ed s to sec ur e d e bt , b u s in ess l o an ag r ee m e n ts, co n st ru ct i o n l o a n a gree ment s, reso lu t i o n s, gua rn n ti es, enviro n men t al a g r ee m e nt s, s ub o rdina t i o n a g r ee m e n ts, ass i g nm c nl s, and a n y ot h er docu m en t s o r agree m en t s exec ut ed i n co n nec ti on with th e indebtedness evide n ced h e r eby t hi s No t e whe th e r n ow o r h e r e aft e r exi s tin g, in c l udi ng an y m o difi c nl i on s, ext e n s i o n . s ub s tituti o n s or re r 1 cw al s o f a n y o f t he for egoi n g . Th e R e lated Doc unr e nl s ar e h e r eby mad e a part of lhi s No t e by r e fer e n ce th e r e t o, wit h t h e sa m e fo r ce a nd e ff ec t as i i' ti . r lly sc i forth h e r e in . PROM I SE TO P AV . F or va lu e r eceived, receip t of whic h is h e r cb) ack n ow l edged, o n o r befo r e Se pt em b e r 22 , 2029 ( th e "Maturi t y Da t e"), th e O o rr o w c r pr o mise s l o p a y t he prin c ipal 11 11101 ml of Two ll 11 ndr c d S i x Th ousan d S i x llund rc d Fort y - fo ur and 0 0 / 1 00 D o lla r s ( $ 2 06 , 61 " 1 . 00 ) and a ll in t e r es t on th e ou t s tan di n g p rin cipa l ba lan ce a nd any o th e r ch u rges, i n c ludin g se r v ic e c h arges, to th e o r de r of Le n der a t i ts office a t th e address n oted above or at such o t her p l ace as I . ender may designate in writi n g . The 11 or r owcr will make all p ay m en t s in l a wful mo n ey of t h e U nit e d S tat es o f / \ m c ri c a . PAYMENT S CHED U L E . This Note w i ll he p aid accordi n g t o the followi n g schedu l e : 83 consecu t ive payments of p r i nc i pal a n d in t erest i n th e a m ou nt o f $ 3 , 08 1 . 93 beg in ning o n Octobe r 22 , 2022 a n d conti nu ing on the sa m e day of each mo nt h lh e r ca t 1 cr . T h e a m o unt of th e mo n t hl y pa y m e nt s s hull b e det e r m in ed 0 11 th e basis of a 84 m onth u m o l'li l ation p e ri o d b eg innin g o n th e dat e o f th is N ot e . T hi s will h e f o llow e d b y I payme nt of pri n cipa l a nd in teres t in t he amo un t o f $ 3 , 08 1 . 46 o n Septe mb er 22 . 2029 · . 1 he unpaid p rin cipa l balance of t h is Note, togethe r with all accrued i nt erest a n d c h a r ges owi n g in connectio n the r ewi th , s h all bed u e a n d p a yab l e on the Maturity D dte . APl' L I CA 'l' I ON O F l' A YMf ; NTS . Un l ess o lh t : rw i sc agreed or re q uired hy applicable low, payments w i ll be applied first lo any accrue d un p a i d i n te r est ; then lo pri n c i pal ; then 10 a n y l ate cha r ges ; u n d the n to a n y unpa i d co ll ection co ts . Borrower will pay I . ende r at Le n de r 's address s h ow n a b ove or a t s u ch o th e r p l ace as Lend e r m ny des i g n o t c i n wri t i 11 g . A ll w r illc n commu n ications co n cernr n g disputed amou 111 s, include any check or o t her payment instru m ent that ind i cn 1 cs that th e p ay m ent co n s tit u t es ·'pay m c nl in full '' o l' th e a m ou n t owe d or l ha l i t e nd e r e d w ith o th e r co ndi t i o n s or lim i t a t i on s or as full s ati s fa c t io n o f a dis put e d amoun t mus t be mailed or delive r lo : Repub l ic Bank & · 1 rust Compa n y, PO Box 'J 50 1 19 Lorriwi ll e . KY 40295 - 0119 . INT !l l{E S T . I ntere s t R ate and S cheduled l'a y mcnt Chan ges . I nterest will hcgin to accrue on September 22 , 2022 . n 1 e i 111 cresl rate o n this Note will he lixcd at 6 . 540 % per an n 11 111 . Compliance with L, : 1 w . No th i n g cont a ined herein s h all be cons t rncd as to require the l 1 orrnwcr lo pay i n t erest at a greater ra t e t h a n the maximum allowed by la \ \ . 11 ; howc : ver, from any crrcumstances , Borrower pays interest at a greater rntc lh, 111 the max i mum allnwcd by la \ \ , t he obligation to be lirlfi ll ed wi ll he rcdueccl to u n amoun t cnmputcd a l the h i ghes t ra t e of i nt e r est pe n niss 1 blc u nd er ap pli cable l aw 0 >l)J l . lfl 2? f'r ,o,ph.oiri. t : h - \ lt m > , L L ( lh \ tl,i11JJ - bz.ll"hh ' 101 1 l H 1 - t.Z t' o um1 u , i .Jl r , 1i.im ,u 1'y N o le fll I Of)b l \ u:t I uf ' I V \ \ IV r 11wp l 1J1Llf \ Y , h un c 11 1 i1



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and if , for any reason whatsoever , Lender ever receives interest in an amount which would be deem e d unlawful under app licabl e l aw, s uch interest sha ll be automatically applied to amount s owed, in L ender's sole di sc retion , or as otherwise allowed by applicable law . Accrunl Methot! . [ntcr est on thi s Note i s calculated on an Actual/ 360 day basis . Thi s ca l culation method result s in a hi g her effective inte r est rate t han the numeric intere s t rat e st ated in thi s Note . Ocfnult Rate . T he unpaid balance of thi s lonn shal l , while any Event of Default exists under thi s No te or any other agreement related to the loan , be s ub jec t to o defau l t rate of i nterest equal to current rate 111 default plus four percent ( 4 % ) or twelve percent ( 12 % ), whichever i s g r eater . LATE PAYME NT C lli \ RGI! : . II' any req uired payment is more than 10 cla ys late , th e n at Lender's op lion, Lender will assess o l ate paymenl char ge of $ 50 . 00 or 5 % of the amount pa s t due , whichever i s grea t er, subjec t to a minimum charge of $ 50 . 0 0 . RT G IIT OF SET - OfF . To th e extent p c rmilled by law , Borrow e r a g re es that Lender has the r ight t o sc t - ofTan y a moun t due and payabl e under thi s Note, whether matured or unmaturcd , again s t uny a mount owing by I . e nder to Borrower including any or all of l 3 orro wer' s accounts with Lender . Thi s s hall include all acco unt s llorrower holds joint l y wi th so meon e else ancl all accounts Borrower may open in the futur e . Such rig ht of se t - olTmay be exercised by Le nd er against Borrower or again s t any a ss i g nee for the benefit of creditors, receiver, o r exe cut io n , j udgment or allachmcnt c r ed itor of Bom>wcr , or aga i nst anyone else claiming through or aga in st Borrower or s u c h assignee [ or the benefit of creditors , receiv e r , or exec ution , ju d gment o r attachment credito r , n o lwith s tanding the fact that s uch ri g ht of set - off has not been exercised by Lender prior to th e making, filing or i ss ua nce o r service upon Lender o f , or or notice of, assign m ent for the benefit of creditors, appointment or app li ca tion for th e appointment of a rec e i ver, or i ss uance of exec ution , s ubp oena or orclcr or warran t . Lender will not be l ia ble for th e dishonor of any check when the di s honor occ urs becau se Lender se t - off a debt aga in s t Bo 1 TOwer' s account . Oorrower agrees t o hold Lender h a nnlcs s from any c laim ari s ing as a result o f Le nder exercising Lender's ri g ht to se t - off . BORROWER 'S REPR ESENTA TION S AND WA RR ANTIES . The statements made in thi s section will continue and remai n in effect until all of the Obligations aae full y paid to I . ende r . Each Borrower repr ese nts and warrants to Lender the following : Bu si ne ss Existence and Operations . Rorrowcr will keep Borro w er's ex istenc e in i ts c urrent o r g anizat i onal form i n fu ll fo r ce and effect unless I e nd er gives prior written conse nt to Oorrowcr's proposed c han ge . Borrower will not m e r ge or co n so lidat e with or into an y o ther entity or lea se, divide or enter into a plan of divi s ion , se ll or otherwise dispose of all , or s u bsta nti ally all, of,, propert y, asselS and busine ss without Lender 's prior wrillen conse nt . Oorrowcr will continue its bu s i ness as cur rentl y cond u c t ed . Borrower will not c han ge its nam e, its identification number, or it s place of orga nizati o n without Lend e r 's prior written co n sent . Borrower will ke ep it s book s and r ecords at the add re ss in this Agrci : ment . B orrower wi ll promptly n o t ify Lender in writing of any planned c han ge in Borrower 's princ ip al p l ace of bu s ine ss . Borrower will maintain execu ti ve and mnnngcment personnel with s u bs tantiall y th e sa me qua l ifi cat ion s and experience as the present exec utive and mana ge ment personnel, and Oorrower will promptly notif y Lender i n writing of any ch ange s in it s executive or man age ment personnel . Finan c i al In formation : ind Filing . As a material inducement to I . ender making th e L oa n , th e Borrow er repr ese nt s and cove nanl s the following : All Financial Sta t e m en t s provided to I . ender have been prepared and will co ntinu e t o be prepar e d in accordance wi th ge n era ll y acc e pted accountin g pri ncipl es, co nsi s t ently app l kd , and fu ll y and fai rl y pre se nt th e !inancia l co ndit i on ofl 30 1 rnwer , and there has been no material advers .: cha ng e in Borrower's bu s in ess, Prop erty, or co nditi o n , e ithe r financi, 11 o r oth erwise, since the date of Borrower's latest Finan cia l S tat eme nt s . B orrower ha s file d all federal, s tate , a nd l ocal tax returns and ot h er rcpor 1 s and filin gs r equ ir e d by law lo b e fi l ed befo r e th e da t e of this A g reement and ha s paid all t axes, a ss e ss me n t s, and other c h a rg es tha t arc clue and payable prior to the date o f thi s Agreement . Bo r rower ha s made rc a o nabl c provi sio n s for these t ypes of payments th a t are accrued but not ye t pa ya bl e . ll o rr ower doc s 1101 know of any deficiency or additional assessmen t not disclosed m B orrowe r 's book s and records . I h e Financial Statements rellccl al l of the a sse t s of th e Borrower in the it 111 ot 11 ll s li s t e d on !he F inan c ial S tat eme nt s, nnd s uch asset s arc direc tl y ow ned b y the B 01 rnwe :: r un l es s o therwi se s tated . All linancial s tatemen ts or r eco rd s s ubmitted L o Lender vin electro ni c m e ans, in clud in g, but not limited to, fa csi mil e, open in t ernet co mmunicati ons or o ther telephonic or e lectroni c method s, including, but 1101 lim ite d to , docu mcnt s in Tagged Image Fornrnt f'iles ("TrFF") and Portable Document Format ("PDF") s h all be treated a s origi n a l s, and will be hill) binding with full l ega l force and effect . Panics waive a n y ri g h t the y m ay hav e to object lo Mich tr ea tmen t . Lender m ay r ely on all St i c h records in gootl faith a s co mpl e t e and accurate re co rd s produ ce d or mnintain e d b y or on be half of th e Part y s ubmillin g s uch r eco rd s . T itle nnd En c 11111 brnn c cs . Borrower has good title t o all of the Borrower' s assets . , \ II e n cumbrances on any part of th e Property were di sc lo se d l o Lender in wr itin g prior to th e d< 1 te of thi s Note . Compliance with General Law . Each Borrower i s in comp lian ce wi th and will conduc t its I . Jusi n css and use 11 s assets in comp lian ce with all law , rcg ul ations . ordi n a n ces, directives, a nd orders of any level of governme n tal authori t y that ha s jurisdiction nvcr the Borrower . th e Ror r owcr' s bu s in ess, or th e f 1 o r rowcr's assets Environmc 11 t 11 I Law s . l :. ach f 1 orrower bin compliance w i th all applicable l nws and rules of federal, s tate . a nd local a u tho , i ti cs affecting the c n vironrnen t , us all have hecn or are amended . Nu L iligatio 11 /No Mi src prc sc 11 t 11 t i o 11 s . T h ere a r e n o ex i s tin g or pendin g s uit s o r proceedi n gs befo r e any co 11 r 1 , gove rnment agency, arbitrn li un panel, administrative t ribun al, or other body . or tlucatcm : <l again s t Borrowc, th a t ma} result in any material adve r se changt : in the llorrow e , • business , property , or lin,,ncial conditio n , and all representations and wa rra 11 t 1 es in this Note and tht : Related Docu, n c nt s arc tru e and correc t ancl 11 0 mat e r ial fact ha s been 0111 ittccl . !C1 1 I 2022 Cu u,11h .mL S) ,run 11 C 1h Hlit, J d h2'•H h 1 ;J 20!1 l U )l '.! ( 1>, nr 11m.:1•I Pw111iuoo r - - ;0 1 01 •1006 P.1go: .! uf \ \ V \ 11 \ \ 1'cu nph , l ll C('W• I C'm \ C OHI



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DEFAUL T . Upon the occurrence of any one of the following events (each, an "Event of Default" or " d efaul t " or "event of default"), Lender's obligations, if any, to mnke any advances will, at Lender's op t ion, immediately tcnninate and Lender , al its option, m ay declare all indebtedness of Borrower l o Le nd e r under thi s Note imm e diat e l y du e and payable without f urth er notice of any kind notwith s tandin g a n y thin g t o the contrary in this Note or any o th er agreement : (a) RmTOwcr's fai lur e to make a n y payme nt on time or i n the amo unt due ; (b) any default by Bo rr ower under the terms of this Note or m 1 y ot h er Re lat ed Documents ; (c) any d efault by 13 orrowcr under the term s of a n y other agreement between Lend e r and B 01 TOwcr ; (d) th e d e ath , di ss olution , o r t erm ination of exis t e nc e of Bor rower or an y g uarantor ; (c) 13 nrrowcr i s not p ay in g Borrowe 1 's debts as such debt s become due ; (I) the com m encement of any proceeding under bankruptcy or in solvency laws by o r aga i nst Borrower or any guaramor or the appointment of a receiver ; (g) any default under t h e terms of any other indeb t edness of Bo r rower 1 0 any o ther c r e dit o r ; ( h) m , y wri t o r at t ac hm e nt , g arni s hm e nt , exec uti o n , t ax lien or s im ilar instrument i s is s ued a ga in s t any collalernl secu rin g the l on n , i f any, o r any of Borrower's property o r any j ud gment is en t ered aga in s t Borrower or any guarantor ; ( i ) any parlor Borrower's business is so ld lo or merged with any other bus in ess, individual, or entity ; (j) a ny repr ese ntation or warranty made by Borrower lo Lender in any o f the Related Documen t s or a ny financial srn 1 c m c n 1 delivered 10 Le nd er proves lo hav e been false in ltny material res p ect as o l' the time when mad e or give n ; (k) if any guaranto r , or any o th e r party l o any Related Documents lcrminale s, a tt empts 1 0 t er min a t e or default s under any s uch Related Documen t s ; (I) Lender has deemed itself insccu, e or t h ere has been a mulerial adverse change of condition of the financ i al prospects of Borrower or a n y co llat era l sec urin g th e ob ligati ons owing lo Le nd er by Borrower . Upon th e occ u 1 T c n ce of an eve nt of defa ult , Lender ma y pursu e a n y remedy available under a n y Related Doc um ent, at law or in eq ui ty . GENl> : RAL WA I VER S . T o the extent permitt ed by law, the Uorrowcr severally waives any required noti ce of prescnlmcnl, demand, accelcrn li on , int e nt lo accelerate, prol cs l , and nny ot h e r notice and defense due t o ex t e n sio n s of tim e o r other indu lgence by Lender or t o a n y substitu t io n or release o f co llat e ral . No failure or delay on the part of Lender , and no course of d ea l in g between Borrower and Le nd er, sha ll operate as a waiver of suc h power or right, nor s h all an y single or partial exerc i se of any power or right preclude other o r further exerc ise thereof or th e exerc i se o f any o th e r pow er or right . J O L NT AND Sl! : VERA L LI AB I LITY . The liabi lit y o f all part ies obliga t ed in any manner under thi s Note sha ll be joint and severa l , to lhc extent o f their respective obligallons . SEVF . RA B I L I TY . I f n cou rt of co mp e t e nt juri sdic ti o n de t e rmin es any term or p rovis i on of thi s No l e i s inva l i d or prohi b it ed by a pp li cab l e law , that lenn or provision will be ineffective lo the exte nt required . Any term or prov i sion tha t h a been determined to be invalid or prohibited will be severe d from the rest of this Note w i thout invalida tin g the remainder of e ither the affected provision or this Nole . TIME I S OF T H E E SS F . NCE . Time is of the esse n ce in the performance of t hi s No l e . SU R V fV A L . The ri g ht s and privilege s of 1 he L ender here u nder shall inu r e to the benefits of its successors and a ssigns, and this Note shall be bi nd ing on all heirs, executors, adrninis l ralors, ass i g n s, and successors of 801 Towe r . A SS I GN ABILITY . L ender ma y assign , pledge o r otherwise transfer thi s Note or any of its rights and powers under thi s Note wi th out notice , with all or any of the obligations ow in g 10 I . ender by Borrower , a nd in s uch event the ass ignee s hall have the some rights as if origi n ally name d herein in plac e of Lender . Borrower mny not assign thi s Note or any benefit accruing 1 0 it hereun d er without th e ex pr ess written conse nt of the Lende r . O R AL AGnF : li : MENTS DI SC LAI MF : R . Th i s No te represe nt s the final agreemen t between the parties 1111 d may not be contradic ted by evidence or prior , conlcmpornncous, or s u bsequen t oral a g reement s of t h e partie s . T h e r e are n o unwritten orn l ag r ee m en t s between 1 hc pa rties . GOVE R N I NG LAW . This Note is governed by the law s of the slate o f Kentucky exce pt lo the extent that federal law co ntrol s . Hl! : A 0 I NG AN D GF : N DER . The heading s preceding tex t in this No te arc for genera l convenience :: in idcnt i rying subject mailer , bu t have no li miti ng imp ac t on the t ext whi c h fo l low s a n y pnrticular head in g . All wo r ds 11 s ed in th i s No t e s hall be co nstrued to be or s uch gender or nu mb er a s the c ircum sta nce s require . AT T ORNEY'S FEES, COSTS, AND V . X P ENS!! : S . Borrower agrees to pay all of Lender's cos t s . fees , and expenses arising out or or related l o t he cnforcc :: mc nl o f thi s Nole o r t he rela ti ons h ip between t he partic :: s . In cl ud ed in th c :: f ees tl wt I . e nd e r m uy recover from no 11 ·o wcr arc the reasonab le auomey • fees that Lender incurs , in c ludin g all fees incurred in the course of representing L ende r before, during , or ancr any lawsuit, arbitration, or olher proceeding and tho si : incu r red in appeals, whether the issues arise out of co nlracl , tort, bankruptcy, or any othcr area of law . Included i n t h e cos t s and expe n ses which Lender ma y recover are a ll cou rt , a lt emu 1 ivc di s pute r eso lut i o n o r ot h er col l ection cos t s , an d all expenses incidental 10 perfecting Lender's security interests and liens, preserving th e co ll atera l (including payment of taxes and insu, mice), records scarchcs, and expenses related to audit s . inspection, and co p ying . All costs and expenses Lender is en titl ed 10 recover s hall accrue in terest at th e h ig h est 1 1 \ te sc i fo rth h e r e un der or in any o f the Rclakd Do c ument s . S IG N ATUlll S . T his instrument may b .: s i gned in m 11 llip l e counterpart \ , each or which sha ll cons tit ute an original and, taken toge ther , shall co n s titu te a s ingle a gree ment , and b y clcel r onic t rn n smiss i o 11 , which electro ni c signat 11 rcs sha ll be cons i dered origi n a l exec uted co 11111 erpa 11 s . RIG IIT S Oft ' 1 . ENOl> : lt . Lemler ma y, wit h or without n otice to any pnrty ant i withou t affecting th e ohligations or any Uorrowcr , surety, Guarantor , e ndor se r . acco 111111 odu 1 io n party or a 11 y othc 1 p,ir l y to thi s J \ grce 1 n c nt , (a) renew, exte nd or otherwise pos t pone the t i me for pa ymen t or either principal of this J \ grccmenl or intere st thereon lrom time to time , (h) relea se or discharge any one or 111011 : parties liable on thi s Agreement, (c) suspend the right lo cnloree this Agrce 111 t : n 1 wit h r espect 10 any person(s), inc ludi n g any present or ruturc guai antor of thi s Ag r ccn 1 e n 1 , (d ) chn n gc, exc h ange or release any propert y i n w h ich L e n d e r po sscsscs any i nler e l secu ring thi s Agre e m e n t , (c) jus t ifiably or olhe 1 wise, impair any co llat era l securing this Agreement or suspend the right l o enforce against ; my such collo l crnl, ant i ( f ) at any lim e it deems it ne cessary or proper . call for and should ii be made ava ilabl e, accept, as additiona l \ ecu rir y, the sig n aturc(s) of an additional party or a scc urit} i ntc 1 c s t in pr oper l y o l a n y k ind or de scr iption o r bot h . A n y reference t o Maturity O ut e in t hi s 1 \ grec 111 c n 1 wi ll rdc r to the Mat u rit y Dat e o r s u c h l ater date as 111 J}' bedesignated b y Lender hy 1 Hillc n notice from I . ender lo Borrowe r (it being undcrslootl tha t 111 no eve nt will I ender bc under any obligation 10 extend or r c ncw tlllS 1 \ g reemcnt beyond the initial or any extended \ ilaluri 1 y Date) . 0 lOO J , 1ft2! Co111111li.tm..c S • ,, < - :rt1> . I 1.C lh '( l l,bdJ b2H \ bt, l - !O:! I l11 ... J ! Cc - mmr1 \ .H11 l 1 r1,u,1 \ w 1 y :"tote . fll. l00u l' - 11le l U I '"' \ "''"' .,;ompli:rn,n q ) ,1 0, l ,,111



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CO MPLF . TF : AG RE EMENT . Except as set forth in this Agreement, thi s Agreement a nd th e other Relat ed Oocuments may be amended only by u n instrument in writing that exp li ci tl y s tat es tlmt it amen ds this Agreement o r s u ch o th e r Related Documents and is sig ned b y Bo rrower a nd acknowledged by Lender . l lEMEDrnS . The indebtedness evidenced by this Agreement shall be c r oss - defaulted with all ob l igations that any Borrower or any guarantor liu . s wi th Le n der . At th e option of I . ender up o n the occ urr e n ce of an Eve nt of Default h e r e un de r , ea ch without demand or noti ce of an y k i nd (which arc hereby expressly waived), Lender may : (a) accelerate and make i mmediate l y due and payabl e th e outstanding principal balance hereunder together with a n y additional amounts secured by the Related Documents, (b) require that the indebt edness evide n ced by this Agreement, together with a ll arrcurngcs of interest and all o ther amounts due under thi s Agreeme n t and the Related Documents, will from the du t c of the occ urr e n ce of a n Event of Default bear i nt e r es t nt the default rnte or in terest se t fort h h erein, (< : ) require Borrower t o pny to Lender reasonable attorneys' fees, cou 11 cos t s and expenses incurred by I . ender in connection with Le nd e r 's efforts to co llect th e indebtedness evidenced by this Agreement, and (d) exe r cise from time to time any of the rights and remedies available to Lender under this Agreement or the Related Documents or under applicable law . As used in this Ag r eement, ·'guarantor • · mean s any guaran tor of the obligat ions of Borrower to I . ender whe th e r exis tin g on th e date hereof o r ar i sing in the f \ iture , or any person or ent i ty who pledges partic ular co ll a t era l for th e sec urity of the obligations of Borrower to Lender, whether or not the debt itself is guaran teed , existing on the date hereof or arising in the fu tu re . PROII IBITI ON OF TRANSFERR I NG MATERIAL ASSETS AND ACCURATI :: FINAN C I AL STA TEMENT S . As a material inducement t o Le n der making this l . oan, Borrower cove n an t s a nd agrees that : (i) the most recently d e li vered financia l s tatement s to th e L ender accurately renect all of its respective assets in the amount s and percent 11 ges listed on each or its respective financia l s tatement s ; (i i ) the assets listed on the financial s tatement s delivered to the Lender arc ow n ed by the Borrower and if such assets arc owned by a trust or another entity it is so noted ; and (iii) during t h e remaining term of this Loan, no material assets shall be transferred to ano t her person , e ntity , or trust without the prior written co n se nt of the Lender in Len d er's so l e and absolute discretion . C RO SS - DE F A U LT . This Loan will be cross - defaulted with all obligations that any Borrower and/or Guarantors have with Lender. NO TE D A T E. Borrower agrees that the Note Date first appearing on this Note is the da te of the loan and that interest will be paynble from the Note Date despite any other dates set out in thi s Note or any document securi n g thi s Note. TRANSFE R ABLE RE C ORD. Borrowe r agree s that this Note i s intended t o be nnd s h a ll be treated as nn effective , e nforceabl e, and vnlid  transferable  record. A DDl TlONA L PR OV I S ION S. Ear l y Terminat i on f'ec : I f Paymen t of al l unpaid principal, accrued and unpaid inter est and all other fees then outstanding i s receiv ed wit hin five ( 5 ) yea r s of the o r igina ti on date it wi l l res ult in u prepayment f ee on th e fo ll ow i ng sd 1 edu l c : 3 . 00 % in year I , 3 . 00 % in year 2 , 2 . 00 % in ycnr 3 , 2 . 00 % in years 4 and 1 . 00 % in year 5 . The above pcrccnragcs will be based on the outstanding principal amount at the time of prepayment , plus any costs paid by the nank for the Borrower under any fixed promotional closing cost offer . AFf'IRM/ \ l'IVE COVENAN TS 13orrower covenants and agrees with Lender that , so long as th i s Agreement remain s in effect, Borrower will : Notices of Cla im s and L iti ga tion . l'romp ll y in form Lender in writing of ( I ) a l l mu t erial adverse changes in 1 3 orrowcr's linancial cond iti on, and ( 2 ) all existing and a ll threatened litigation, c l aims, investigations , ndministrativc proceeding s or similar actions affecting Borrower or any G u a rant or wh i ch could materially affect the financial condition of IJorrower or the financial condition of an) Guarantor . Financia l Records. Mui 1 1 t ain it s books and records in accordance wit h GAAP or o t hcr acceptable accounting fo r mat, app li ed on a wnsistcnt  basis, and permit Lender to examine and audit Aorrower's books and 1ccords at al l reasonable ti111cs. 17in:rncial Statement . Furnish Lender with such financial statement and other rcl<1t1:<l information at such frequencies and in s uch detail as I .e n der ma y r easonab l y request. 1 \ dditional Information . h1rnish s uch additional information and statements. as Lender ma y request from time to time . Loan Proceeds. Use a l l l.oan procee d s sole l y for Borrower's busines s llpcrat i on s, u nl ess specifically consented 1 0 th e contrary by I. ender i n writing. Taxes, Cha 1 ges and Lien s . l'ay and discharge when due all of its ind e btedne ss . ind obligations , including without limitation all a scssmcnts, taxes , governme ntal ch ar ges, levies and lien s, of every k i nd und nature , imposed upon Borrower or i t s prope 1 tics, income , or profit s, prior In t he dt 1 tc on which penalties wou ld attach , and a ll lawrul claims that , if unpaid, might become a lien or char ge upon any oi' Uorrower \ propertie s, income, or profits . Pr ov ided howev er, Borrower will not be requi r ed to pay and discharge ,Ill)' s uch assessment . tax, charge, levy , lien or clann s o long a ( I ) the legality of the s ame s hall he contested in good faith by appropriate proceedings, and ( 2 ) Borrower s hall have established on 11 orrowcrs hooks adequate reserves with respect to suc h contes t e d assessment, tai, . , charge , l cvy, lien, or c l aim in accordance with Gf \ / \ P 0 1 o t her acccptahlc accounting method . ln pcction Permit c:mp loycc s or agent s of Lender at an y rea5onable time lo m spcc t a n y anti all Collateral for the Loan . 1)..,00 1 , ,) :t ( \ 1 11 11, ll .tnce S1, 1rm1. tr C tb l h'1JJ b! 11 \ btd - !0?1 u, 21 - ' f'Prt1 rnt"11.:1.1 I l'ru111 w11, ry No lt. Ul 1•.M . I<., P,hl.t: \ ,1 j WW \ ' \ . , ·,,mp l 1,nf.t \ ' \ l1 m \ , 1 \ ·o



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Additional Assura n ces . Make , exec ut e und deliver to Lender s uch p ro mi sso r y notes , mortgage s , deeds of trust , s ecurity agreeme nt s , assignme nt s, fi nan ci n g st at e m e n ts , instruments, documents and other agreements as Lender or its attorneys may reasonably reque s t to evidence and secu r e the Loans amJ to p er f ec t a ll Security Int erests . Lien Priority . U nle ss otherwise prev i ous l y disclosed to Lender in w riti ng, 0 orrowcr ha s not entered into or grnn t ed any Securi t y Agreements, or permitted t he Ii li ng or at ta c hm ent of any Sec urit y Inter es t s o n or affec tin g a ny of the Co ll at e ra l d i r ec tly or indirectly sec urin g r e payment of Borrower's L o, 111 and Note, U iat would be prior or that muy in any way be super ior to Lender's Security Int e r es t s and rights in a nd to suc h Collateral . Performance . Perform nnd comply, in a t im ely mnnncr, with all h .: r m s, condi ti ons, and provi s ion s set forth i n this Agreement, in t h e Related Documents , and in all o th er instrum .: nts and agreements between Borrower and Lender . Dorrowcr sha ll notify L ender immediate l y i n writin g o f any dcfnult in connection w ith any agreem .: nt . Operations . Maintain c . xccutivc and management personnel with subs t a ntial l y th e same qualifications a nd e . xper i c nc c as th e prese nt execut i ve and management p erso nn el ; provide wrillen notice to Lender of an y cha n ge i n executive and management per s onnel ; rnnduct its bu s iness alTairs in a rcnsunahle n nd pnid e nt mann er . WA I VE R OF JURY TR I A L . A ll p ar ti es to thi s Nu te hereby lrnuwing l y a n d vo lu ntari l y waive , t o th e fu ll es t exten t llcrmitl ed by l a w , any rig ht to trial b y jur y of nny di s pute, w h e th e r in contract, tor t , or o th erwise, ar i s i ng out of, in co nn ec tion w ith , re l ntcd t o, or inc i denta l t o th e r e l nt i onship estab l is h ed betwee n the m in this Note or a n y othe r in st rnment, d ocume nt or ugrce m cn t e x ec u te d or delivered i n co nn ec ti o n with thi s Note or th e R ela t ed D ocume nts . By s ign i ng thi s Note, Borrower nclmow l cdges rending, un d ers tanding , and agreeing to all i t s provi s ion s n nd receipt hereof . Sys l i : _ l , L ---- - U ) . fim E E vans  It s: Mana ger LEND E R: Republic Bank & Tru s t Compan y a,, - t v It s : - - • ).!00 1 .:012 CWt1 1 · 1t . rnLC Sy,ltfll \ . 1 1 r - 1arnb i d h HHb6J - .!O:!I 11, _ ,!12 ( \ ,m1 1 w1 ,1, \ I r , 0 1111 $'1 \ l r)' N1• 1 c ()l ,, 1 fJUb P t gco l \ \ ', \ \ " \ \ • ••m 1 1 t 1 11 n H' \ 'r \ l Cl 11 1 (O nl



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LOAN NUMBE R GUARANTY DA TE 2583 1 062 Septe m be r 22, 2022 - · - GUARANTY OF S PE C I F I C TRAN SAC TlON R e publ ic Ba n k & Tru st Co mpa n y  60 I We st Mnrket S tr eet Loui sv i ll e, Ke n tu cky 40202 (5 02)584 - 3600 GUA RA N TOR I NFO RMATl ON James L Evans 11 363 L ea n der Ln Ind ianapolis , lN 46236 - 9539 T ype of E n t it y : Ind ivi dual  S tnt c of R es iden ce: I ndiana IlORROWER I NFO RMATIO N Trad iti o n Leas i ng Sys tem s L.L. C. 300 Growth Pkwy S t e A Ango l a, IN 46703 - 9326 T y p e o f Bu s in ess E ntit y: Limited L i ability Co mpan y  S tat e o f Orga n iz nt ion /. Fonnation: Indiana GUA R ANT Y OF S P EC IFI C TR ANSACT I O N . Th i s G u ara nt y Of Spec ific Tra n sac tion will be r efer r ed t o in this document as the "Guaranty . " LE N D ER . "Lender" means Republic Bank & Trus t C ompany whose add r ess is 60 1 West Markel Street, Loui sv ille , Kentucky 40202 , its successo r s and ass i g n s . BORROW E R . "Borrower" means each party i d cn tili cd above to whom Lender has exte nded cred it and financial accommodations . G UAR AN TOR . " G u iira nt or" means the pa rt y identified above that i s undertaking certain liab iliti es t o t he Lender, a s spec ified herein . O B L I G ATlON S . "Obligat i ons" mean s a n y and all indebted n ess, ob l i ga tion s, undertakings, covenants, agreemen t s, and l iabiliti es of the Bor r owe r to the Le nder , and all claims of the Lender agai n st t he Bor r ower, now ex i s t ing o r h ereafter arising , direct or indirect (inc l ud in g participations o r any interest of the Lender in indebtednes s of the Borrower to othe r s ), acqui r ed outrig ht , conditionally . or as collateral security from anothe r , absolute or contingent, joi nt or several, secured o r unsecured, matured or n o t matured , monetary o r n onmonc t ary , a r i si ng out of con t ract o r t ort , liquidated or u nliqu idatcd, arising by operatio n of l aw or ot h erw i se and all extensions, re n ewa l s, r efundings, repl acements, and modification s of any of the foregoing . NOTI CE T O GUARANTOR . Lende r ha s agreed to extend cred it and financial accommodations to Bor r owe r pursumll l o a pr omissory not e execu t ed on eve n dale herewith ( t he "Note") , and a ll agreements , instrnment s, a n d d ocumen t s exec ut ed or clelivered in con n ection with th e foregoing or ot herwi se related thereto (toge t her wi th any ame ndmen t s, modifica ti ons, o r r estateme nt s thereof, th e "Re lat ed Docum e nt s" ) . G uarantor is afli li atcd with Borrower , and as such, s h a ll be benefited directly by the transaction contemplated by the Re l ated Document s , and shall execu t e this Guaranty in order to induc e Lender to ente r the transaction . In co n s idera t io n of the foregoing premise s and other good a nd va l uab l e considera t ion , th e receip t and s u fficienc y of wh i ch arc hereby acknowlcclgcd, G u arantor hereby g uarant ees, promises and unde rt akes, bot h join tl y and severally, as follows : GUARANTY OJi" S P EC I FIC TR ANSAC TIO N . G uaran tor hereby uncond i tiona ll y . absolutely, a nd irrevocably g uarant ees lo Le nd e r th e full and p r ompt payment and pe r formance when du e (w het h er at the maturity date o r by requi r ed prepaym e nt , acceleration , or o t herwise) of an Ob l i g ation of the Borrower to the Lender a s cv i clcnc c d by a note or agreement dated September 22 , 2022 , in the princ i pal amount of $ 206 , 6 ,J 4 . 00 , plu s inter est, clrnrges, and t e es as provided for , includ in g al l exte n sions an d re n e wa l s th ereof, unt il t h e Obligation or Borrower is fully paid . G uarant or ' s liability for future obl i gat i ons ends on September 22 , 2029 ("Term inat i on Date") . / \ fter the Termination Date, Guaran t o r rema in s l iable with respect to an Obligation of l 3 orrowcr c reated or i ncurred prior to the T e rmination Date or ex t e nsion s or renewal s of, inte r es t acc ruin g on, or fees , costs or ex p enses in curred with re s pect t o, s uch Obligation of Borrower o n or alte r the Term in a t ion Date . Thi s i s a guaranty of payment and not or collection . EXPENSES . Guarantor hereby agrees, to the extent permitted by l aw , to pay any and a ll expe n ses i nc ur red in enfo r cing any r i g h ts unde r this Gu arant y . Without l i miting the foregoing , Guara n to r agrees that wheneve r any attorn e y i s used by the L e nder t o obiain pa y m e nt hereunder , lo e nforce this Guaranty, to adjudicate the ri g ht s of the pa r ties hereunde r , or to advise t he Lt : nd c r of it s r igh t s . the I ,e nder s hall be e nti tled to recover reasonable attorneys' fees , all cou rt costs, and expenses att ri butable th e r eto (t h e "Expenses") . C O NS RNT. The Guaranto r consents to a ll exte n s i o n s. r e newa l s, and mocli l ica ti ons made l )y th e Lender for , o r on account of, any indehtec!nc ss  of 11orrowcr to I . ender. Lender m ay proceed d ir ec tl y against Uuarantor in the event or any default b y Borrow e r without r esorting 10 a n y o th e r  p e r so n s, lo t h e assets of Borrower , to any collnte ral secu rity granted by Bor r ower to Le n der, o r t h e liq u id ation of any collatera l sec urit y ivcn  hereunder to secure thi s G uaranty. f - urt h c n norc, to the ex t en t pcrmillecl b y law, Guaranto r h ereby agrees and conse nt s that the Lende r ma y from t i me to t i me wi th out notice to Guarantor and without affecting t h e liability of Guarantor (a) relea se, impair, se ll or ot h erwise di s pose of any sec uri t y or colla t eral, (b) relt:a se or agree not to sue any g 11ara11tor or surety , (c) fail to pe r foct it s sec urity in te r es t in or realize up u 11 any secur i t y  o r 1:o lla tcral, (cl) fi1i l to r ea li ze upon any o r the obligations u l ' Borr owe r or to p r oceed again s t Bo r rower or any guaranto r or s ur e t y, (c) renew o r ex tend the time or payment, (f) i ncr e a se or decrease the ra t e or int e r es t, (g) m.:cept addit i ona l sec urit y or co llalcrnl . (h) ddern 1i nc th e a ll ocat i on  and application of pa yme nt s and c r edi t s a n d accep t partial payments , (i ) determine what, if anyth i n g, m ay at a n y tim e be done with reference to any sec urity or collateral, a nd (i) se ttl e o r co mpromi se the amount due or owing or claimed to be du e or ow in g from a n y fJorr owcr, g ua rantor. or 0 200 l ,} f) ll C , m11 il i3n ce )ys 1 c nn , L L CtiO bl c8•0frc:e9 l 2021 l 1 1 1 2  Gu i1 1 11 n y OfS i 1 ec1 fic l rnn .1c. 1i u n - DL40 11 l' u .:i 1 of • I W \ Wco 1 n pli 11cuy \ t C'm co m



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sure t y, w hi c h se ttl eme nt o r co m pro mi se s h a ll n o t affec t th e un d e r sig n e d 's l i abi l i ty fo r th e f u ll amo unt o f t h e guara n tee d ob l igations . To th e ex t e nt permi tt e d by la w, Guara nt o r ex pr essly co n se nt s lo a n d w a i ves n o ti ce of a ll of th e above . R E PR ES ENTA TI ON S . G u aran t or r e pr esents an d warra n t s tha t Guara nt o r h as es tabl is h ed a d e qu a t e me an s of o bt a in i n g fr o m sou r ces o th e r tha n L e nd e r , o n a co nt i nuin g bas i s, fin a n c i a l a nd o th e r i nforma ti on pe rt a i ni n g to B orr owe r 's finan cial co ndi t i on, a nd th e st atu s of Bo r ro w e r' s p erfo rm a n ce of ob l i gat i o n s im p osed b y th e l o an d ocu m e n t s, an d G u ara nt o r ag r ees to k ee p a de q uat e l y i nfo rm e d fr o m s u c h m ea n s o f a n y f ac t s, eve nt s o r ci r c um s t a n ces wh i ch mi g h t in a n y w ay affec t G u ara nt or's ri s k s h ereu n de r , a n d Le nd e r h as m a d e n o r e pr ese nt a ti o n t o G ua ra nt or as fa r as a n y s u c h m a tt e r s . G u a ran to r f ur t h e r r ep r ese nt s and w ar ra nt s t ha t (i) n e ith e r t h is G u a ra nty n o r a n y ot h e r R e l at e d Do cu me nt l o wh i ch G u a ran tor i s a p a r ty w ill v i o l a t e a n y pr ov i s i o n of l a w , ru le, o r re g u l a t i on, or a n y o r de r of a n y co u r t o r ot h e r govern m e nt a l age n cy to whi ch G u a rant o r i s s ubj ec t , a n y provis i o n of a n y agreeme nt o r i n s trum e n t l o w h ic h t h e Guara n to r is a pa r ty or by w h i c h th e G u ara nt o r o r a n y of t h e Guara nt o r 's assets are bou n d, or b e in co n Oic t w ith , res ult i n a b r each of, o r consti tut e a defaul t un d e r a n y s u ch ag r ee m e n t o r i ns tru me n t ; a n d ( i i) n o n c t ion, approva l , filin g, o r r eg i s t ra ti o n w i t h a n y gove rnm e nt a l p u b l i c body o r au th o r ity , n o r t h e consent of a n y o th er pe r son o r en ti ty , n o r a n y ot h e r lega l for m al i ty , i s req uir e d in co nn ec t io n w ith the en t e rin g in to, perfo r mance , o r e n fo r ce m ent o f th i s Guara n ty , exce p t s u ch as h ave already b een ob t a in ed o r ta k en and w ith r es p ect t o w hi c h a copy or o th e r satisfactory evide n ce h as been p r ovide d to Le n der . There a r e n o ex i s tin g o r pe ndi ng su it s or proce e d i n gs before a n y co ur t , gove rn me nt a gency, ar b it rat i o n panel, nd m i n i stra t ivc t ri b una l , or o t her b ody, or t hrea t ened aga in s t Guarantor t h a t may r es ult in an y m a t e r ia l ad ve r se cha n ge in th e Gu a ran t o r ' s fin ancial co n d i t i o n . SU B R O G A TI ON . Un ti l t h e Ob l i ga t i o n s are irrevocably paid and disc h a r ged in fiJ II , G u aranto r waives a ll r i gh t s o f s u broga t io n , re im b ur se m ent, i n de mn ity, co n t rib u t i o n , and a n y o th er ri ght o f r eco ur se aga in s t o r w i th respec t to Bo rr owe r o r a n y o t her p e r son . Notwi th s t a n d in g any pay m en t or p ayme nt s ma d e by t he G u ara nt o r h ereu n der, the G u ara nt o r wi ll n ot exe r c i se a n y r i g h ts of t he L e n der agai n s t t he Borrower, n o r s ha l l th e G u ara nt o r seek co ntr ib uti on fr o m a n y ot h e r G ua ra n t or un t il all 1 h e Obliga t ions sha ll h ave been pa i d and p erfo r med i n fu ll . If any amo un t s h all be p a id to th e Guara nt or o n acco u nt of s u c h s u brog a t i o n ri g h 1 s al a n y t ime whe n all t he Ob l i gations wi ll n o t ha ve bee n p a i d in fu ll , such amou nt shall be h e l d in t rust fo r t h e be n efi t o f t h e Lende r a n d s h a ll fo 11 hwi t h be paid to t h e Len d er to he c r edited and a p p l ie d t o the Obligation s, w h ethe r mat 1 1 red o r unmat ur ed . G E N I< : RA L W A I V E R S . G u aran t o r , to t he ex t en t p ermi tt ed by law , h ereby waives (a) n otice of accepta n ce o f t h i s G u ara n ty a n d n il notice o r t he crea t ion, c . te n s i on o r accrual of any of t h e Ob li gat i o n s, (b) d il igence , present m ent , protes t , dc n rnnd fo r payment, not i ce of d is h o n o r , no ti ce of in tent Lo accelera t e , an d n o t ice o f acceleration, (c) not i ce of any other nat u re w h atsoever to t h e exten t pe r m i tted by l aw, (cl) any req u i re m e nt t h a t t h e L ender t ake any ac ti on w h atsoever aga i nst the Borrower or a n y o t her party o r file a n y cla i m i n t h e eve n t of the ba n kr up tcy of t h e 13 orrower, or (e) fa i lure to p r o t ec t , p r eserve, or resort t o any co ll atera l , and (f) a n y a n d a ll defenses t h at co ul d be asse rt e d by Borrower or Guara n tor , i ncl u d i ng , but not l imited to , any defenses aris i ng o ut of fail ur e of co n siderat i on , breach of wa rr a n ty , fra ud , payme nt , sto t ute of frauds , ba nkrn p t ey, lack o f ca p ac i ty , stat ut e of l im i t at i o n s, Le n der liab ili ty, uncnforceabi li ty of a n y loan docu m ent, acco r d an d sa ti sfaction, or us ur y . Guara n tor, 1 0 th e exte nt pe rm i tt ed b y l aw , f urt he r waives and agree s n ot to asser t a n y a n d a ll r i g ht s, bene fi ts, and d efe n ses that mi g h t o th erw i se be av a i l able un der t he prov i sio n s of t he governi n g law that m i g ht operate, co n trary t o Guarantor's agree m ents in th i s Guaran t y, to lim i t Guarantor's liability under , or the enforce m e nt of, this G u aranty , incl u ding all defe n ses of s uretys h ip . LE N DE R ' S RI G H T S . Any delay, fai lu re, o mi ssion, o r l a ck on t h e part or the Lende r to enforce , asse rt , or exercise any provision or take any action purs ua nt to the R e l ate d Docu m e n ts, inc l ud in g any r ig h t, powe r , o r remedy con f e rr e d on Len d er in any of the Re l a t ed Documents or any actio n o n t he part o f Lende r grant in g ind u lge n ce o r ex t e n sion i n a n y form Guara n ty o r a n y Related Docu m en 1 s does n o t opera t e a s a wa i ver of t he Le n der's ab i l ity to exe r dse all of its rights . T h e L ender may choose to par t ia ll y exercise rights under t h i s G u aranty a n d a n y Relu t ed Docume nt s, bu t th at does no t p r eve n t t h e I . en d er fro m f u lly exercising t h ese rights . SU RV I V A L . T h is Guaranty is b i ndi n g on all heirs, executors, personal represe n ta t ives , a dmi nis t rato r s, ass i gns, and successo r s o f the Guarantor . A SS I GN , \ Bl L ITV . The Le n de r may, wi t ho u t notice , assign t h e Ob i igations , in whole or in part , and eac h successive a ss ignee of t h e Obligat i ons so ass i g n ed m ay enfo r ce thi s Guaran t y for it s ow n benefit w i th respect lo t he Ob i iga t io n s so assigned . I n t he event t h at an y per s o n ot h e r t han t h e Le n der s h all become a h o l de r of any of the Obliga t ions, t h e reference to t h e Lende r shall be construed to refer t o each such h older . I U G H T OF S ET - O FF . To the exte nt permitted by l aw, Guara n t or gives L e n der the r ight tu s et - off a n y of G u aran t ors accou n ts or p rope r ty which may be i n Lender's pos sess ion against any amou nt owed under this Guaranty . This right of se t - off docs not ex t e n d lo a n y Keogh acco unt , I RA , or similn r tax deferred depos i t . F u rth er , the Le n der shall have avai l ab l e a ll re m ed i es under ap p licab l e state a n d federal l aws, includ i ng t he garnis hm e nt of wages, l o the ex t en t p erm i tted by l aw . WAIV E R O F . J U R Y TIH A L . A ll partie s to th i s Guarant y h e r e b y kn o win g l y and v oluntaril y w ai v e , to the full est ex t e n t permitt e d b y l a w , an y ri g h t t o t ri a l b y j ur y of any di spu t e, wh e t h e r i n co nt rac t , to rt , o r o t h e r w i s e , ; i risin g out o f , in co nn ec ti on w i th , r e l n t c d to, or in c i d e ntal t o th e r e lati o n s h ip es ta b li s h e d b e t we e n them in thi s Guarant y o r a n y o t h e r in s tru m e n t , d oc um e nt or a g reem e nt exec ut e d or d e l i ve r e d i n c onne ct i o n w i t h t hi s Guarant y or t h e R e l at e d D o c um e nt s . SEVg R A BJ L I TY . I f a cou rt o r compe t ent ju r isdic t ion determine s any term or prov i sion of th i s Gtrnra nt y is i nvalid or proh i b i ted by app li cab l e l nw, t h at term o r provi s i on will be ineffect i ve . bu t o nl y to t h e ex t ent req u ired to ma k e i t lawful . 1 \ n y term or prov i s i on t h at ha s been de t ermined t o be inva li d or proh i bi t ed will be severed l'rom the rest of thi s G u aran t y w i t h out inva l idating th e remainde r of the provi s i o n s of th is Gu a rn nt y . G O V l R N I N G LAW . Th i s G u aranty s hall be g overne d by and construed i n acco r da n ce wi t h t he l aws o f't he State of Kentucky except to the exte nt that f ederal law contro l s . HE A DI N G S AN O G E N D E R . The headi n gs i n thi s Guara n ty arc fo r convenience in ide nt ifyin g s ubject mat t er . The heading s have no limiti n g dfect 0 11 t h e text t lw i fulluws w 1 y particular hea d ing . As the context here i n requ i re s, the s in g u l a r s hal l i n clude the p l ural and one gende r shull include 0 1 1 e or bot h other ge n ders . JO I N T A N D SEVF . R A L LI A B I LITY . Th liabi li ty of all pa r tic : s ohligatccl in any man n er· under this Guaran t y s ha ll he j o int a n d seve ral . lo t he ex t en t of their re s pec t iv e ob l i g at i ons 0 200 - t - 2022 Co mplhtn.c <' Syslc: r m, 11 (.' S605 h h:8 • 07ccc:1}:H - J.02 1 H S 23 .! < ,u.i 1 , ml)' Of Srcc - . ,ti c 1 , t \ tl nc li o n l)L - 10 I I l ' ,1gc 2 o( I ,,,,.,w 1,i111 1 ha11cciy \ tt111 s tom



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ORAL ACllEEMENTS DI SC LA I MIm . rhis Agreement represenls the final agreeme nt belwccn lhe parti es and may nol be eontrad i ctcd by evidence or p r ior, contemporaneous , or subscq nent oral agreements or the partie s · . 1 h ere arc no unwritten oml ogrecmenls between lhc partie s . C OVENA NTS . Upon request by Lender , G ua ra nt or sha ll su ppl y L ender wilh all financia l information as Lender sha ll rcaso 1 rnb l y reque s t as ofien as Le n der shall reasonably request s uch infonnation . Guarantor shall gron t Lender permission to audit its books and records at all reasonable time s and as oflcn as Lender sha ll reasonably reque st . G u a rant or will comply with all agreement s and r equ ir eme nt s with which Guarant o r is requir ed t o co mpl y, or wit h which i s r eq u i red 10 ass ur e com plian ce by G uarant o r umler any of th 1 .: Re l ated Documents or nny o ther document s or inslrumcnts ev i den c in g or re l ating to the Obligation s . Guarantor has tiled all federal, sla te and local tax returns and o th er r eports and tilin gs required by law lo be lilcd befo r e lhe dale of this Guarancy and has paid a ll taxe s, assessments, and other c h arges that arc due and payable prior to the date of this G uaranty . G u ara nt or w ill g i ve Lender prompt writ l cn noti ce or lh e occ urr e n ce of any Event of Defau l l (or any condition that w ith th e l apse of t i me or giv i ng of notice or bo l h would constitute an Eve nt of Default) by Guaran t or under lh i s Agreemenl or an y Eve nl of Defaull , as defined in the Business Loan Agrecmcm between the Borrower and Lender (or a n y condi t ion tha t with the lapse of lime or giving of noti ce or bolh would co nstitul e an Event of Default), by Borrower und er any of the Relat ed Documents of which G n amntor has actual or co n s tru ct iv e notice . Maximum L i ab ilit y Amou n t a nd T e rminati on Dnt c . For purpose s of Kentucky Revised Slatutes † 37 1 . 065 , th e maximum aggrcga l c l iabi l ity of G u aron 1 or under this Guaranty for the Obligations s hall not exceed th e principal omoun l of lhe note or agreement referenced in the sec lion titled Guaranty o f Specific Transaction , plus interest accruing on th e Obligations, and fees, charges and costs of co ll ec tin g the Obligations . i ncluding reasonable atlorneys' fees ( th e " Max im um Liability Amou nt ") a n d dote on which th e G ua ranty ter min ates is the earlier of the fo ll owing : ( i ) all of the Ob l i ga ti ons h ave been indefeasibly paid in full , a n ci Lender ha s hmninated thi s Guaranty ; ( i i) G uarnnlor ha s paid to Lender the Maximum Liability Amount in accordance wit h lhe terms hereof ; or (iii) lhc Terminntion Date ; provided, howev e r , that termina t ion of this Guara nt y on the Tamination Date shall not allec t in any manner the liahilit y ofGuaron l or with respect to (I) the Obligations which are crea ted or inc urred prior to the T er min a l io n Date , or ( 2 ) extension o r renewals of, interest accruing on, or fee s, costs or expenses incurred wil h respec t 10 , s u ch pri or ob li gn tions prior lo , o n o r afier the Te rmin a ti on Onie . S I GNATU R ES . This instrument may be signed in multiple counterparls, each of which shall constitu t e an origina l and , taken together, sha ll constit ut e a single agreemen t , and by electronic tran s missio n , which electronic s ignatures shall heco n sidered original executed cou nt erparts . EVl! : N T OF DEFAUL T . Th e occ urr e n ce of an y of th e fo llowin g evenls will be deemed 1 0 he an ·'Even t ol' Defau l t" or ''dc litult " u n der thi s Guaranty : ( 1 ) the filing by or aga in st Borrower or any Guarantor of a petition in bankruptcy , for a reorganiza ti on , arrange m ent or debt adjustment, or for a receiver , lrustce or similar crcdi l ors' r c pr cscn 1 a 1 ive for its, his or her property or any pan thereof, or of any o ther procec : dmg unde r any federal or stale insolvcnc) or similar law, or lhc m aking of any gcncrnl assignme nt by Borrower or any Guarantor for the benefit of cred itor s, o r Borrow er or any Guarantor dissolves or i s the subject of any di ssol 111 ion , w in ding 111 > or li quida t i o n ; (ii) any other Event of Default (as defi ned i n any of th e Obliga ti ons) ; (i ii) a n y default or eve nt of defa u lt u nd e r t u 1 y of the Ob li g ati ons that does not h ave a d efi n ed se t of ·'Even t s of Default", (iv) any repre s entat i on or warranty made by G u aran t or to I . e nd er in thi s Guaranty, any of t h e Re l ated Documents or any financial s tatement delivered to Lender i s false or misleadi n g in a n y material re s p ec t as or the lime whe n made or given, (v) the failure of Guarantor 10 observe or perform any covenan t or other agreement with Lender under lhi s Ciumanty or any Related Document s, (vi) any dcfaull under th e te 1 ms of any othe r indebtedness o f 13 orrower or Guara n tor lo any ot h er cred it or , (vii) any mat erial adverse change in Guara nt or's business, li 11 u 11 eia l condition, or pr o perty has occ urr ed o r i s imrninenl , (v i ii ) th e d ea th or lega l in competency of Rorrowcr or any Gunra nt or , a n d (ix) Lender ha s deemed it self insecure or there has been a material adverse cha n ge of condition of the fina n cia l prospecls of 8 orrowcr, Guarantor or any collateral securi n g lhe Obl i gations . · 1 he Ob li ga tion s sha ll he cross dcfaullcd with all obligations th at Borrower or any Guarantor may hav e wi th Lender . At th e option of Le nd e r , immedialel y upon the occurrence of any Event of Default (in nil)' case without demand or notice of any kind, which he r eby arc express l y waived), (i u arantor w i II pay lo Lender all amounls due a nd to become due und er the Ob l i ga l ic, 11 (for purposes of an Even t of Default un der cla u se (i) of th e im mediate l y precedin g paragrap h , a l l of th e Ob li gal i ons then ex i s tin g wil l be accelerated and become immediate l y due and payable in full from Guarantor , w hclher or not lhcn due and payable by BmTOwcr) . Guarantor will pay such , 1 mo 11111 s withoul sctolT, coun t erclaim . prcscnlmcnt, demand . protest , and notice of demand , protest , and dishonor, 11 hich hereby orec pressly waived . PROH I 0IT I ON O I •' T R ANS li'ERR IN (.; MATER I AL. 1 \ s a mat eria l in ducement lo I . ender mnkin g th i s I .<mn, G u arantor covenants and agrees that : ( i ) the : mo sl recent l y delivered fi n ancial statements to t he Len der accurate l y rctlccls a ll o r the i r respecl i vc asset s in the amounts and percentages listed on each of lhcir respective fiuancial s latements ; (ii) the asset s listed on lhc financial s tat ements delivered l o the Lender arc owned by the Guarantor and 1 fsuch assets arc owned by a 1 ru s 1 or a 110 1 h cr c 11111 y ii is so n ote d ; and (iii) during the rcnwining t e rm o f thi s l . oan , no material assets s hall b .: trnn sfcrrcd t o another person, entity, or tru st withou t the prior written consent o f the Lender in Lender • ole and abso l ute di sc retion . A C I<NOWLE D Gl \ 1 . EN ' l . Gu, 1 rantor hcrcb)' acknowlctlg .: s that : {a) lhe liahililil : s undc 11 aken h) (iuarantor 111 this Guaranty arc complex in nature ; a 11 d (b) numerou s possible defenses lo the e 11 forceability ot these liabiliti es may prcse 11 tly exis t ancl/or m ay ari s e hcrcafler . As pall ol L e nd er's consi deratio 11 for culcring i 1110 thi s lransaction , Lender h as specifically bargained fo r the wuivcr ancl rc li uquishmcnt by (iuarn 11 tor of' all such clcfc 11 scs, an ti Guarantor ha s h ad t h e opportunity lo seek and receive lcgnl ndvicc li' om skilled legal cou n sel i n the area of li 111111 eial 1 ran actio 11 s of the 1 yp 1 .: eo 11 te 111 plalc : d hcre i 11 Given all of the above, (iuarantor docs hereby r eprcsc 111 and eonlinn lo Lend er that nuarantor is full} info 1111 ed rcgardi 11 g . , 111 d lhat C,uaia 11 tor docs thoroughl) under tand : (i) the nalurc of all such pos . s 1 hle defenses . and (ii) th e circumsiances 0 ! 001 , 2012 ( imphin,·t ) \ tC'fll' - ll(''lfl,O'>fllcX • lllccc 981 l . 021 H \ !l! fi i.mnl)' 0( \ pc:ulic f1.rns. - tt110n OI IOI I P.t' - :C " \ ul - ' \ "y \ \ W complii.HCC \ \ ,1c1111LIHn



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under which s uch defen ses may arise, and (iii) the benefits which such defenses might confer upon Guarantor, and (iv) the legal consequences to Guarantor of waiving such defenses . Guarantor acknow l edges that Guaranto r makes this Guaranty with the intent that this Guaranty and all of the informed waive r s herein shall each and all be fully enforceable by Lender, and that Lender is induced to en ter into this transaction in material reliance upon the presumed full enforceab i lity thereof . , , " ' , , , , .. '"' ' ""'" "''" """"' ' ''• "'""• · " "' " " ' " " " " ' · '" ' ''"' '" • . . " " ' " ' ' "'' ' ' " '· LE N Dim: Republic Bank & Trust Compa ny D Its : y : - - - ---- -- = - - = - == I



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COMMER C I A L  SEC URITY AGREEMENT R e pu b l ic B : rnl ( & Tru st Co mpan y 60 I West Mnrkct Street  Louisville , K e ntu c k y 40 2 0 2 (502)58 4 - 36 00 E . LOAN N t Jl \ ' W E R 25831062 AGIUsEMENT DA TE September 22, 2022 BORROW E R INFORMATION Tradition Leas in g Systems L.L.C'. JOO G row t h Pkwy Ste A An go l n , IN 46 703 - 9326 COL L ATR R AL OWNER IN[i'ORMATION Tradition L easi n g Systems L.L.C. JOO G r o wth Pkwy Ste A A n go lo , I N 46703 - 9326 A G rtEEME N T . "A g reement" mea n s thi s C ornrnen:ial  Sec urity A g r ee rncnl.  BOrtltOW b: R. "Borr owe r " m ea n s Tradition Lea sing Systems L.L. C.. DtB T O R . " D e btor" mean s Trndition I. cas ing Systems L.L.C.. LENDE R . "Len d e r" means R epub li c Bank & Trust C ompan y whose address is 60 I West \ l l arket S t reet, L ouisvi ll e, Ken tu cky 40202 , it s successors and ass i gns . SE C URIT Y I NTE R t S T G R ANT . Deb t o r , in co n s id era ti on o f t h e O bli gat i o n s, her eby ag r ees t o a ll of t h e term s of thi s A g r eeme nt n n d furt h er h e r eby s p ecifica ll y grnn l s Lender a continui n g secur it y int eres t in th e Colla teral . Debtor forther gra nt s I . ender n sec urit y i nt erest in th e pr oceeds of said Colla t era l ; th e proceeds of ha 1 ard insura n ce and emi n e nt domain or co nd e mnut ion awards in volving th e Co llateral ; ull products 01 : s ub s t itut i ons , n : p l accmc nl s, and ac cess ion s to s u ch Co llat era l o r inlcn : s t s therein ; an y a nd all deposits or oth e r s um s at any tim e c r e dited b y o r due from I . ender to Debtor ; and any an d all instruments, d ocume nt s . po l icies, a nd certi fi cates or i nsurance, secu r i tie s, goods, accounts re ceiva ble , c ho ses in ac t ion, c h a ttel paper, cash, prop e rt y, a nd th e proceeds th e reof (whe th er or no t the s am e 11 rc Co ll atera l or pr ocee d s thereo f here u nde r }, owned by De bt or or in w h ich Debtor h as a n int e r est which ar c now or a t a n y l im t : h erc aflc r in po ssessi o n o r con tr o l o r Lende r , or in tran si t b y mail o r carrier 10 o r fro m Lender , or in possession of a n y third party acting o n Le nd er' behalf , wi th out regard t o w h e the r Len d er received lh c sa m e in pledge, for safekeepi n g, as agen l o r o U, crwise, or whe t h e r Lender h as co ndition a ll y rele a sed th e same . Debtor's grant of a conti n uin g sec u r ity i nt e r es t i n th e Co l l u t e ral scc 11 rns l o Lende r th e pa y m e nt of a ll O b l igation s, in cludi n g a l l re n ewa l s and ex ten s i o n s !h e r eof, w h e th e r h eretofo r e , now , or h ereafter ex i s tin g or a ri sing and howsoever incurred or evide n ced, whether pri mar y, seco nd a r y, cont in gcn l , or otherwise . D E SC nll ' TI ON OF C OL I . ATt R A L . The co llateral c o ve r ed by thi s A g r ee m ent ( th e " Co ll ateral" ) is a ll o r th e Dcb 101 's prop erty dc s 1 : ribe d below w h ich the Debto r now ow n s or may h crcaf \ er acq u ire or crea t e and all proceed s and product thereor , whe th er l ong ibl c or intan gible, incl uding proceeds of insurance and wh i ch may mcludc , b 111 s hall no t be limit ed lo , any ite m , l i s t ed on any sched u le or lis t atlached her e t o . Ti tled Ve h icle . "Title d Vehicle" co n sists of any and all ve hi e l e(s) and all addit i ons and acce sio 11 s 1 0 th e ve hi c k (s), a 11 d a n y replacements a n d subs t i tu tions of the vehide(s) . II also iucludcs . ill docum e nt s of titl e re lat ed t o th e vehicle(s) as well as all products, r e nt s, and pro ceeds of the vch i c lc( s) . T ITL ED VEH I C L ES DCSC R IPTION: • 2023 Great Dane;: ESS - 1114 - 3 1 053. VIN I GRIA062 • 1P W 4 39791 • 2023 G r eat Oa n c ESS - III 1 I - 3I0 53, V I N I G Rl / \ 06221'W 1 1J9790 O BLI GAT I ONS . "Obligatio n s" mean s any and all of Borrow ci ' s or Debtor' s o hli gntions t o I en d er, whet her they a r ise under thi s / \ gree m c nl or the No t e, I . na n Agreeme nt , G uarant ) , or other evide n ce or debt e,ccutcd Ill co nn ect i on wi th this f \ grce rn e nt , or un d e r a n y ot h er mortgage , tru st de e d , deed or tru s t , sec u r ity deed , secu rit y a g r ee m e nt , no t e, l ca,c , instrum e nt . co nt rnct , do c 11 m c n t , or o ther s i 111 i l ar writ i ug h e r e t ofo r e, now , o r hercnficr excc lll ed by the Borrowe r or Debto r to Lender, includin g any renewa l s, cx t e n \ in u s and mod i fications thereof , and inc ludi ng oral agree ment s and ob l igat i ons arisi n g by opcr uuon of law . rhc O b l iga ti ons in cl ud e all intere s t and all of I . ender' s cos ts, fee s . an d expeuses r ec ov e rab l e p 111 u a 11 I to th i s Ag r ee m e nt , a n y o t h e r a g r ee ment between t h e pa rti es . or und e r app li cable law , i 11 cl 11 din g al l s u c h cos t s, fees . and expenses tha t 111 a y arbe af t e r 1 h e I i l ing ot a n y pt : li ti on by or against Borrower or Debto r undc 1 the Rankrupt cy Co de , irrespectiv e of w h e th er th e O b li gations do not a cc rue hccau ,e ofan automatic s tay . Without li 1111 ling the foregoing . the Obligation s exp re ssly incluclc lhe fol l owing : C lt OSS - COLI . ATl H AL I Z 1 \ T I O N . Uebtur agrees t hal any sec urit y i nl c r cs l prov i ckd in Co ll a t era l under l hi s Agre e ment or a n y Co l la t era l pnll'ldcd in co nne ction wi t h any and all other indehtcdnc ss o f Debtor lo L cncll : r, whether or nut s uch indehlcdncss is related by c l ass or c laim and w h et h er or n ot co n templntcd b y the partie s a l t h e lime n l e . ,ccu l i n g each evide n ce o l' indcb 1 cd 11 ess, s ha ll act as Co ll ntera l for all s ai d indeh l edne ss . Thi s cros - co ll : iteralitati o n provi s ion sh all n o l apply l o a n y ( 'oll at cral that is/nre h ouseho ld goods o r a prim : ip a l d welli n g . l r l flU R E AOVA N( l • , S Ai \ () AF T E lt - A C Q lJ IR t O PR O P lll'Y . Future a d vances nlll ) be made at any time hy the Lender under this Agrcc 1 n cn 1 l o t h< .: exte n t allowed by law . The sec ur i ty interes t i .: ran l co n wined 1 n th i s J \ g r <'c 111 c 11 1 nl so app lil . : s to a n y Collatera l of th e lype(s) idc 11 l ilicd in thi, Agn·crnen l that t he Debto r acq 11 in : af \ e 1 this Agrec 111 clll i s exec ot cd . except lhat no secu r ity intcre,l , 111 achcs to altt : r - a qu i 1 cd n ,or 1 - 1012 Com r , li . 1111 : t!Systcml . l I C <t - !IJ h,, 1 llch • 1 J - 20 ? 1 u, Jl r · 1111 u 1 u : r ci . 11 "i( 1 . umy . \ gff \ : ll 111 : t 1 t UL 1 • 1 1 i l',h ; e I ult . , \ \ \ \ \ , . \ 'll m p ll i!n ..: tS) \ ltrn, c , , . u



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consumer goods unle ss the Debtor a c quir es ri g ht s in s uch goods within 10 days of Lender givi n g value . In an ti cipat i o n of l \ 1 ture advances by Lender, the Debtor au th orizes Lender to file a n y nece ssary fina n cing s tat emen t s to protect Lender's securily interest . R E LATED OOCUMf NTS . "Related Documents" means all promisso 1 y n otes, secur it y agreements, mortgages, deeds of tru s t , deeds to s 1 : cure debt, busine ss l oan a g r ee ment s, co n s tructi on loan agree m en t s, resol u tions, g u aran t ies, c n v ir o n mcn l n l ngreemenls , s ubordinati o n agreements, assignmen t s of leases a n d rents , and any ot h er docmrn .: nts or agreemen t s exec ut ed in connection with this Agreement whe t her now or hereafter c,xisting, including any modifications, extensions, subst itution s or renewa l s of any of the foregoing . The Rela t ed Docu m e nt s arc hereby made a pa rt of t hi s Agreement by r e fer ence thereto , with th e same force and effec t as if fully set fo rth here in . G E N ERAL REPR ESENTAT I ONS, W A Rlt AN TIE S, AND C OVENAN T S . Debtor rcprt : scnt s, warrant s , and covenants the following : D e bt or's Exi s t e n ce and Organization . Debto r i s fully formed an d i n goo d sta nd i n g und e r a ll laws governing Deb t o r and Debtor's business . Debtor has or will provide I . ender wit h documentat i on regard in g Debtor's slate or organiza t ion or forma t ion , n n d Deh 1 or fur t her warrants that Debtor will not change Debtor's slate of organization or fonnatio n without Lender' s prior wrillen co n sent . Debtor will assist Lender wi th an y cha n ges to any documents, filing s, or other records resulting or required by any change in the Debtor's s t ate of organin,t i on o r forma t io n . T h e execu ti on of 1 hi s Agreement will n o t create a n y br each of any provis i on of th e D e bt or's o r ga ni 1 . a ti onnl documents . Authori t y . Debtor has th e power and authority 1 0 execu t e thi s Agree m ent and the Related Documents and to bind Debtor to the ob l igutions created in t h is Agreemcnl a n d th e Ile l ated Docume nt s . T h e execu tion or thi s Agree 111 ent will no t crea t e any breach of any other agreement to which the Debtor i s or ma y become a party . Dcblor h as ob t a i ned all licenses . perm i ts , and the li ke wh i ch Debtor is required by l aw to file orobtain, and all such taxe s and fees for such license s and permi t s required lo be p aid have been paid in full . D eb t or's Name . Debto r w ill n o t co n d uct business under a n y nam e o th e r than t h at given at the be g in ni ng of thi s Agreement, nor cl 1 a n gc, nor reorganize the lype of business e ntity as described, except upon the prior wrillc n approval of Lender, in which event th e Debtor agrees to execute any documentmion of whalsocvcr character or nature required by Lend er for filing or recording, at the D 1 : btor's expe n se, before suc h change occurs . Bu s in ess Adcl r ess . Deb t or will ke ep a ll record s of accou nt , document s, ev i dence of tit l e, and a ll other documento l ion regurdi n g ib business and the Co llat eral at the address pccilied al the beginni n g of this Agreement, unless notice the r eof is g iv en lo Len der at leas! t en ( I 0 ) days prior t o t he change of any address for th e keeping of suc h records . T il l e . Debtor hu s or will acqu i re free and clear title to all of t he Co llateral , unle ss otherwise provided herein . All o f the Co l latera l exists and i s or will be actual property of the Debtor No E n c umbrnn ccs or Trnnsf er of Co llatcrnl . Deb t or will not a ll ow or per m it any li en, sec urit y inter es t , adverse cla im , c harge, o r e n cumbra n ce or any kind agai n st the Co ll ateral or any par t t h ereof without , e I nder's prior w rill cn co nsent . Excep t as otherwise p r ovided under <his Agreement, Dcblor will nol . without Lender's prior wr i llcn consent, sell assign , tran sfer . lease , charter, encumber, hypothccatc, or dispnse of the Collateral o r any p art 1 hcr .: of o r any interest th e rein nor w i ll Debtor ofTer to sell, assign . transfer, lease , ch arter , e n c umb e r , h y p ot h ccatc, o r d i s po se of th e Co ll atera l or a n y part thereof or any i n l c r es l th e rein . Pri o rit y . The sccuri(y interest granted to Lender shall be a firs e ! c uri(y interest unless Lender specifically agrees otherwise , and Debtor will deli : nd the sa me against the claims nnd de mand s of all persons . F acilitation o f Sec urit y ln lcrcst . Debtor wil l fu ll y coopera t e in placing , perfec t ing . a nd m ai nt aini n g Le n der's li en o r s ecurit y interest against or in th e Co lla 1 e 1 al and Debtor a gree s to take w h atever tu : t ions rcqui : sted by I . ender t o perfect and co ntinu e Lender's secu rit y intcres 1 in the Colla tera l . De blur speci licall> authori . r . cs the Lender to file the necessary financing s talemcnts to pcrfccl the Lender's secur it y intere s t in the Co llmcral . Lornlion o f Co ll n tcrfll . / \ II of the Colla t era l is located in the stale where the Debtor is l ocated, as ide 111 ili .: d in ! his Agreemcnl, unless otherwise cert ifi ed to and agreed to hy Lender . or . alternatively, is in posse . ssion or the I ender . Deb tor will not remove or c h ange the lo catio n of any Coll ateral witho u t I . ender's prior wri 11 cn consent and wi l l allow the I . ender 10 inspect the Collatera l upon reaso n ab l e r e qu est . Use o f Co lla te ral . Debtor will use t he Collateral only in the cond u ct of its own business, in . i careful and proper manner Debtor will not u se the Collateral or permit it to be used for a n y unlawful purpose Goo d Co ndit io n and ll cpnir . Debtor will, at all times, maintain th e Co l lat e ral in good cond ition a n d repHir . firrn n cia l In for mati o n n ncl Filing . All financial information and statements delivered by Debtor to Lender have been prepared in acco 1 da nce with ge n erally accepted accounting principles consistently ap 1 llit : d , and fully and fail'ly present the financial conc!i tion of Od 1 tOI' und ther e ha s b ee n 110 mater i a l adverse cha n ge in Deb t or's bus i ne ss, Co l lateral , o r condition, eit h er linanc i a l or otherwise, si n ce Debtor last sub mill cd any financial information to Lender . Dcb 1 or h as filed all fedeial, s tat e and local tax returns and other repo 11 s and Iiling s required by law to be liled befo r e the date of thi s Agreement and has paid all laxes, as s c s mcnls , and o th er c har g es tha t are due and payable prior t o the date of lhi Agrecmenl . Debtor ha s made reasonab l e provisio n for t h ese types or payments t hat are accrue d h 11 I not ye! payable . Debtor docs not know or llll)' dclicicncy or add i tional assessmenl 1101 d i sclosed in the Debtor's books and records . No Li ti gation . I here arc no existing or pending sui t s or proceedings , includin g set - off or counterclaim, which ar c threatened 01 pendin g against Deblor which nmy r esult in nny ma 1 e 1 ial adverse chan!!,C in Debtor' s linancial co ndition or wh i c h mig h t mlllcr i al l y uffccl any ol' th e ( . 'olla l t : ral D e btor will prompll y no t ify Lende r in writing or all threatened and actual l iti ga t ion, govemme ntal prucccdi 1 1 g . default , and cv 1 : 1 y other occurrence that ma y have a material adverse effect 011 Debtor • busine s . linancial condilinn , or the Coll : ucrul . No 1 ' \ l fo rc pr cse 11 tatiun s . All r eprc e ntnti on and warranties in thb Agrec 111 e 11 1 an d the Related l)o cu n 1 < : n 1 are tru e t md co rr ect a nd no material fact ha s been omitted . :O - l - .!022 t'om ph :a n cc ";) ,t( t11 ,. l. l C" c6ill,,1. I lld1l,.,_)  • l lll:I BS 11 .Z ( ' · Hl ll lt.!I C!J. I S,' - U llh 1 \ letmt."n l f> l. 40U X l' ill C 1 Il l fJ \ " \ 'WI \ ' ,o ni1 ,l 11n 11· , yslt 11 1 , co m



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I NS URAN CE . T h e Debtor ag r ees that it will, a t its ow n expense, f ul l y i n s u re th e Co l l ntcral agai n s t a ll lo ss or dama ge for any risk o f whntsoever nature in such amounts, with s uch companies , and under such policies as shall be satisfactory 10 the Lender . Lender will be named as los s payee, or at Lender's request, as mor t gagee, and, if requested by Lender, all ins u rance policie s sha ll inc l ude a lender's loss payable endorseme n t . The L ende r is gra n ted a sec u rity i nt e r est i n t h e p rocee d s of s uc h i nsurance a n d may a p p l y suc h proceeds as it m ay r eceive toward t he paymen t of the Obliga ti ons, whe t her or not due , in such order as the Lender may i n i t s s o l e d i scre t ion determ i ne . The Debtor agrees to main l ain, at i l s own expense, public liability and property damage i nsuran ce upon all ils other property , 10 provide such po l icie s in such form as lhc Lender rnny approve, and to furnish the Lender wi t h copies of other evidence of suc h po l icie s and evidence of t h e payments of the premiums t h ereo n . A l I pol i c i es of i n s u ra n ce sha ll provide fo r a m in i mu m JO days ' wri ll e n no ti ce of cance l latio n t o ,e In de r . At lh e r eques t of Le n der, s u c h polic i es of insurance s hall be delivered to and held by Lender . Debtor a grees that Lender is authorized lo act a attorney for Debtor in obtaining, adjus t ing , settling, and conccling such insurance and endorsi n g any drafts or in s trument s issued or co nnected wich such insurance . Debtor specifically au l horizcs Lender t o di sc lose informa t io n obtained in conjunction with t h i s Agreeme 11 t and from p olicies of in s u rance l o prospect i ve insurers of 1 hc Co ll atera l . If the Debtor a l nny t i me foi l s 10 obtain o r to mainlain any of lhe insurance required above or 1 >ny any premium i n whole or in part re l ati 11 g thereto, lhe L ende r , withouc waiving any defa u ll hereunder, may make such payment or obtain s uch policie s as the Lc 11 der, in i t s so le discretion, deems advisable to prolecl che Debcor's property . All cos t s incurred by lhe I . ender , including r eoso nable attorneys' fees, cou r l cos t s, e xp e n ses, a nd o l her c h arges t hereby i 11 c urr ed, shall become a part of t he Ob i igat i ons a 11 d shall be payab l e o n dema n d . AD 0 IT I O NA L C O L L A T ER AL . In lhe eve nt that L e nder s hould , at any time , det e rmine thal the Collateral or Lender's secu rity interest in lh e Collateral i s impa i re d , in s ufficicnl, or ha s declined or may decline in value, or if Lender s hould deem that payment of t ht : Obligations i s in sec u re, ti m e bei n g of th e vc t y e ss e n ce, th en Lender may re qui re, and Debto r agrees to f u rn i sh, addi t io n a l Co ll ntcrn l t ha t i s sa ti sfne t o r y to Lender . Lender shall provide nocice as provided for in this Agreement to Debtor r egarding addiciona l Co ll ateral . Lender's request for additional Coll ateral s holl not aflccl any other s ubsequent right of Lender 10 reque s t add ilional Co llateral . F I NA NC I N G S T A T EME N T ( $ ) AND LIRN P E RF EC T I O N . Le n der i s au t ho r ized to fil e a conform i ng li n anc i ng s t a t eme n t or stateme nt s t o perfect its sec urity intere s t in the Coll atera l , us provided in Revi sed Article 9 , Unifom 1 Co mmer cia l Code • Secured Transactions . Debtor agrees to pr ov id e suc h infonnation , supplements, and other documents a Lender may from time to tim e requi r e 10 sup plement or amend s uch financin g s tatement filings , in orrlcr to comp l y w i lh applicable s tate or fcdernl law and to pre se rve and prolect t h e Lender' s r i ghts in lhc Collateral . The Deb t or fur t her grants the L ender n power of attorney 1 0 execu t e any and all doc u ment s necessary for the Lender 10 perfect or maintain perfect i on of its securi t y interest in the Co llateral , and to change or correct any e 1 rnr on an y financing s talcmcnt or any other dncumcnl n ecessary for proper placement of n li en on any Co llaleral which is sub ject lo this Agreement . L A N D LO R D 'S W A I VE R. Upon request , Deb t or s hall furnis h to Le n der , in a form and upo n such t erms as are acceptable lo Lender , a lm1dlord' s waiver of all ltens with respect to any Colla ceral covered by thi s Agreement that is or may be localed upon leased premises.  ll E L A TI O NS I II P T O O TJI 1 m A G REF: M E N T S. This / \ greemenl and lhe securit} intere sts (and pledges and assignments, as applicable)  l tercin granted a r c in a d ditio n to (and not in subs t i t ution, n ovnt i on o r disc h a r ge o l ) any and all pr i or or contempora n eous sec ur ity agreemen t s,  secur it y i mer es t. pledges, assignments, mortgages, li ens, ri gh t s, titl es, or other interests  in favor of Lender or assigned lo I e nder by others in connection wich the Obligation . All rights and remedies of L ende r in all uch agreements are cu mulative . TAX E S, L I ENS, E T C . The Debtor agree s to pay all taxes, lev i es , j udgmen t s, asse ss ments , und charges or any nature what soev e r relati n g to the Colla teral or to the Debtor's business . If th e Debtor fails to pa y such t axes o r other charges, the Lender . at its so le discretion, may pay suc h cha r ges on behalf of lhe Debtor ; nnd all sums so dispensed by lhc Lender . including reaso nabl e attorneys' fees , court costs, expe n ses, and other charges re l ating thereto , s ha ll become a part of t h e Ob l i g at ions and s h a ll b e pa ya ble on demand . NV I R ON M ENTA L I I AZA RD S . Dehtor cert ifie s that th e Co llatera l has never been . and s o long as thi s Agreement co n 1 i 1111 es to be II lien on the Colla teral , never will be used in violalion of any local, sta t e o r fcdeml cnvironmc ncal laws , stat ute s or 1 egulati ons o r u sed for the ge n era ti on, sto rage , manufactu r e, transportation , dispo sa l, trca l mc 11 t , release or threat e n ed rclen s c of any ha 1 arclou s s ub s tance s and Debtor will in 1111 ed iate l y no t if y Lender i n writin g of any asse r tion made by any part y to the co ntrary . Debtor indemnifie s and holds l . cnder and I . ender's directors, oniccrs, em plo yees, and agenls harmle ss from any liability or expense of whatsoever nature . includin g reasonable aunrneys' fee s, incurred directly or indireclly a s a result of Debtor's involvement with h azardo u s or cnvironmcnlally harmful s ub s tance s as may be defined or regulated as s uc h under any local , state or l c dcrn l law or r egulat i o n or otherwise resu lt ing from a bread, of"this provision nrt h is / \ grccmcnt . PR O T EC TIO N OF COLLATERAL . Debto r agrees thm L e nd e r m ay, at Lender's sole option, whether before or uncr any event of defnnh, and withou t prior notic e to Oebtor , take th e following action s to protect Lender's intere s t in the Co llateral : (a) pay for th e maintenance, preservation, repair . i 111 provemc 11 t , o r tes t i ng of the Collatera l ; (b) pay any liling , recording , r egistration, l i ce n sing, ccr ti ficntion . o r o th er fees and charges related to lhc Co llat era l ; o r (c) take any other Jction to preserve ,md protect the Co llat eral or Lcnclcr's rights and remedies under thi s Agreement , as I ender may deem necessary or appropriace from time to tim e . Dcblo r agrees that Lender i s not obligated and has no dut y whatsoe 1 • er to tak e th e forcgomg ac t ions . r>eblnr further agrees to r eim bur se Lender promptly upon demand for any payment mnd c or any c . xpenscs incurred by Lender pur s u ant 10 th i s authori 7 ation . f>a ymcn l s and cxpendilures made b y I . e nder under t h i s authorintlion s hall consti t ut e additiona l Obligations, shall be sec ured hy thi s A gree ment, a nd shall bear interest thereo n from the date u 1 currc<I , it th e maximu m rate of incerest, i 11 cludin g any default rate, if one 1 s provid ed, as set forth in the not es sec ur ed by thi s obligmion . t N li O R M A T IO N AN O l l E J> U l {T I NG . · 1 h e Debto r agrees lo s up 1 Jl y t o the Le nd e r s uch limmcial and o t h e r inf o r t n a l ion co ncer n i n g it s affair s and the status of any of it s assets a s the I . ender . from time lo time, may reasonab l y request . I he Debto r li 1 rther agrees to pe 1 mit the Lender , il s employees, 1111 cl ag e 111 s, lo have access to the Collatera l for the purpose of mspcelin g it, toge th er wil h 1 111 of the Debtor's other physical asscls , ii 1 11 1 y, an d 10 perm i t the Lender, fi·om lime to ti m e, tu verify i \ cco u n l s, if any, as we l l as to in spec t, copy, nncl tu examine the book s, 1 ccor cls , and Jile s of the l>cblor . O JtA UI . T . I he oce 111 r encc of any of the following events s hn l l constitute ii defoull of thi Agreement : (a) the non - paymenl , whe n due (whether hy , 1 ccelcrn 1 i on of maturit y or o t herw i se) . nf" a n y , 111 1 ounl pnyah l c 011 any o l the Ob l igation s 0 111 n y cxtcnsinn or renewa l thcrcnf" ; (b) the foilure t u perform any n n : cmcnt of the Debtor co 11 ta i 11 ed herein or in any o t h e r a 11 rccmen 1 L>ebtnr ha nr 111 a y have with Lender : (c) the publication of any ' 20012012<. 111ih.u.aSvilcn,, llfctt'Hl;t l - /lc \ ,1,oq mllJl \ ? \ f'l•m1 11 cr... 1 . 11 ', u ni )' > \ t 1 . - i• t1h •111 Ul , 11.)ll Pil I 1,t h \ \ \ \ W \ '...:unpl1Jn1·n), lcm \ cu 111



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sta t emen t , re p rese nt a t ion, or wa r ranty, whethe r wrillcn or o ral , by t he Deb t o r t o t he Le n de r , which a t any t i me is unt ru e i n any respect as o f th e da t e ma de ; (d) t he con d i ti on t hat any Deb t o r beco m es i n so l ve nt or u nab l e to pay d e bt s as th ey m at u re, or m akes a n assign m e n t for t he benefit of t he D e bt o r 's c r e ditor s, o r co nv eys s ub s t a ntiall y a ll of i t s a sse t s, o r in th e e v e nt of o n y pro ceed in gs in s titut ed hy or ag ain s t any De btor all eg in g that s uch Deb t o r i s in so lv e nt or unabl e to pa y debt s a s they matur e (f a ilure to p 1 1 y be i n g c o nclu s iv e e vid e n ce o f inab i lit y t o pa y) ; ( e ) D e bt or m ak es o p p l icnt i o n for appo intm e n t of a receiver o r any o th e r l ega l cus todian , o r i n th e eve nt tha t a pe tit io n o f a n y kind is fil ed u nder t h e federa l Bank ru p t cy Code by or against s u c h Debtor a n d t he resu ltin g procee din g is n o t discharged wit hin t hirty d ays after fil in g ; (f) t h e en t ry of a n y j u dgme nt against a n y Debtor, o r th e issue of an y order of attac hm ent, exec ut io n , seques t ra t ion, c l n i m u nd de l ive r y, or o t her orde r i n th e n a t ure of a writ l e vi ed ng ain s t th e Co ll a teral ; (g) th e de ath o f an y Debtor w h o i s a n a tmal p e r so n , o r of a n y part n e r o f a n y De btor that is a pa rtner s hip ; ( h ) t he di sso luti o n , l iquid a t i o n , s u s pen s i o n o f n o rm al bu s in ess, t e rmin a tion of exi s t e n ce, bu s in ess foi l ur c, m e r ge r , o r co n so l i da tio n o r tran s fer o r a subs t a nt ial pa r t of t he prope r ty of a n y Debto r w hi ch is a co r porat i o n , l im i t ed liabi l ity company, partne r ship, or ot h er n o n - in d i vidua l bus i ness ent it y ; (i) the Colla t era l or nny p art of the Co ll a t era l decli n es in value i n excess of no m ial wear , t ear, and de p rec i ation or becomes, i n the ju d gme nt o f Le nd er, i m paired, u n satisfactory, or ins uffi c i e nt in c h aracte r or va lu e, in cl u ding b ut no t limited to the fili n g of a compe ti ng finan c in g sta t e m e nt ; br cuc h of warran ty tha t th e D eb t or i s th e ow n e r o f th e Co ll a t e ral fr ee a n d c l e ar o f a n y e n c umbran ces (ot h e r than t h ose e nc u mb ra n ces di sc l ose d by De btor o r o t h er wi se mud c k no wn t o L e n de r , and w h i c h w e r e a cce pt ab l e t o L e nd er n t t h e tim e) ; sole o f t he Co ll a t e ral (except in th e ordi n ary cou r se o f busi n ess) wi t hou t Lende r 's express writ t e n conse nt ; fail u re t o keep t h e Co ll a t era l in s u red a . prov i ded h erei n ; failure to allow Lende r to inspect the Collateral upon demand o r a t reasonable t ime ; fai lur e to m ake promp t payment of taxes on t h e Collate r a l ; loss, t hefl . substa nti al damage, or des tru c ti on of the Co ll atera l ; a n d, when Collateral inc l udes inve nt ory, accoun t s, chatte l paper, or ins t ruments, fa ilur e of acc oun t de b to r s t o pa y th ei r o b l i gu t i on s in dueco u rs e ; or U) th e L end er in good faith , be li eves th e Deb t o r 's ab i li ty t o re p ay th e D cb t o , 's i ndebt e dn ess sec ured by th is A greemen t , a n y C oll a t ern l , or th e L e n de r 's uhilit y 1 0 r eso rt 1 0 a ny Co ll a t e ral , i s or soo n will be i m p a ir e d , tim e be in g o f the ve r y esse n ce . R E MEDY . Upon the occurrence of an eve n t of defa ult , L e n der , at its option, shall be entitled 1 0 exercise any one or more of the remedies desc ri bed i n this Agree m e nt , in a ll doc u me nt s evidenc i ng th e Ob li gat i ons, i n a ny o th er ag r eeme n ts execute d by o r de l ivered by Debtor for b e n e fit of I . e nd e r , in an y third - par ty sec urit y a g r ee m e nt , mort gage, p l e d ge, o r g uarant y rel a tin g t o t h e O bli ga ti o n s . i n th e U ni fo rm Co mm e r c ial Co d e of t he s t ntc of . Th e Debtor agrees th a t , w h eneve r a defa ult exis t s, a ll Ob l iga t io n s may ( n o t wi t hs t and i ng a n y provis i o n in any o t her ag r ecmc 111 ) , nl t he sole op t ion and discretion of the Len d er an d withou t demand or notice of any ! - . i n d, be decla r ed, and thereupon immediately shall beco m e due und payable ; and the I . e n der may exercise, from time to time , any rights nnd remedies , includ i ng the right to i m mediate possession o r th e Co ll ntcra l . avai l able t o it u nd er app l ica bl e l aw . The Deb t o r agrees, i n t h e case of defa ult , 10 asse mbl e, at ib own ex p e n se, a l l Co ll a t era l a t a co n ve n ie nt pi n ce a cce pt ab l e t o th e Lc n dc r . Th e L e n d c r s hall , in th e eve n t o f a n y de f au lt , h a ve the r i g ht to ta ke p ossess i o n of u nd remove th e Co ll a t era l , wi t h or wi t hout process of l aw, am . I in do i ng so, may peacefully e nt e r any premises w h ere t h e Co ll a t eral may be l oca t ed for such purpose . Debtor waives any right t ha t Deb t or may have, in such i n stance, to a judicial hearing prior 10 such retak i ng . T h e Lende r shall have the right to hold any pro p erty then m o r upon said Colla t eral a t t he time of repossession not covered b) the security agrccmclll unti l return i s dema n ded i n w r i t i n g by Deb t or . T h e Lender may sell, lease, or ot h erw i se d i s p ose of the Co ll a t ern l , by pub l ic o r p ri vate procee d i n gs , fo r cash o r cr e dit , w i t ho ut a ss um p t io n of cre dit r isk . U n less th e Co llateral i s p e ri s ha ble or thr ea t e n s to dec l i n e s p eedily i n va l ue or of a ty p e c u s t o m a ril y sold on u recog ni zed market, Lende r w ill send Debtor reasonable no t ice o f t he t i m e and p l ace or any p u b l i c sa l e or o f t h e time alte r which a n y private s ale or other d isposition will be ma d e . Any noti fi cat i on of intended d i sposition of the Colla t eral by the Le n der shall be deemed to be reasonable and proper if sent United States mail, postage prepaid, e l ec 1 ronic mail . facsimile . overnight del i very or other co m mercially reaso n ahlc means to t he Deb t or a t leas t ten ( I 0 ) days before s u c h d i sposi t ion, and ad cl rcsscd to th e Deb t o r either at the address sbown herei n or a t a n y o th e r a ddr ess p r ovide d t o Le n de r in wr i tin g fo r t h e p u rpose o f pro v id i ng n o ti ce . P roceeds rcccivc cl hy L e n de r from di s p os i ti o n o f th e Co ll atera l ruay be applied toward Lender's expe n ses and ot h er ob l i ga t ions in suc h or d er or ma nn er as I . ender may elect . Debtor s h all be ent itl ed to any surplus if one results after lawful application of the proceeds . If the proceeds from a sale of the Collateral are insufficient to extinguish the Obligations, the panics obliga t ed thereon shall be liable for a deficiency . Lender s h all have the right, whether before or alter defaul t , lo collect and receipt for . compo un d, comprom i se, and sett l e . a n d give rele a ses, discl rn rges , a n d ac qu ittanccs with respect to , a n y a n d a l l amoun t s owed by a n y pe r so n or e ntit y w i th respec t 1 0 t h e Co llat ernl . Le nd e r m ay re m e d y a ny ch : fa u lt a n d rn uy wu i vc any defau lt wi t ho ut wa i vi n g t h e de fau l t remed i ed a n d wi th out waiving any olhe 1 prior o r subsequen t default . The rights ond remedies of the I . ender arc cumu l a t ive, and th e exercise of any one or more of the rights or remedies s h all not be deemed an election of rights or remedies or a waiver of any other right or remedy . Upon or at any time after the occurrence of nn 1 : ve nt of l)efnult, I . ender may reques t the appointment of such a receiver, who wi ll be entit l ed to a rc .: ason ah lc fee fo r managi 11 g t h e Co ll n t era l . S u ch r ece i ver w il l l rnvc t h e power to take p ossess i on , con t ro l and cc 1 rc of the Co ll ateral and to co ll ect u ll acco u n t s r es ult i n g th ere fr o m . Notwit h s t a ndin g the a pp o intm e nt of a r eceive r , trn s t ce or o th er custo d i an . L ender wi ll he en titl ed 1 0 th e possessio n an d control of tu 1 y cash, or o t her ins t ruments h el d by, or pnya hl e or delive ra b l e under the h .: rms of llus Agreemen t to Lender . Should Lender rensonably helicvc that the Collateral may have deteriorated in market value for any reaso n , then I . ender may cause a subsequent reappraisal to be completed for the benefit of l . e 11 dcr , the co I of which shall he pa i d by Debtor . Lender s h . ill 1101 be limited in number of s ubse qu ent n .: npprnisals required, bu t 111 110 eve n t will Deb t or be requi r ed l o pny for more than o n e s ub sequen t n : appra 1 sal i n any two - year pe ri od, exce pt in the eve nt of a dcfil u l l by Debtor o r llorrowcr . l! : X ER C I SI! : O F L fi : N Ol! : ll 'S RI G II T S . Any delay 011 the part of the I . ender in exercisi 11 g any power, privile ge, or right hereunder, or under any o t her document executed by lkhtor to the I . ender in connection herewith , shall 1101 operate a : , a waiver thereof, and no i nglc or partial exercise thereof or any other power , privilege, or right s hall prcclucle other or rurthe 1 exercise thereof . The wa i ver by thi ;: I . ender of any default nf' th e Debtor sha ll 11 0 1 co n sti tut e a waiver of s u bse q ue n t dclilu lt . C O N T I N IJINC A G REEMJ .; N T . This i s a continuing ag r eement : ind the security in t ere s t (and pledge and , 1 ssii . 11111 cn 1 , as applicable : ) hereby gra nted and all of the term s and provisions of thi s Agreement hall he deemed a continuing agreement and s hall remain in Ii . ill lorce and cftcet until the Obligations arc paid in full . In th .: event that I . end e r s hould take add i tional Collateral, or enter into other sccu rit} agreements, mo rt gages, guara n tees , assignme n ts, or s n nilar d ocu , nent s with respect l o the Ohliga li o n s, 01 sho u ld I . ender enter into 01 he 1 such agreement s wit h re s pe c t t o o t he r ob li gat i o n s of Deb t or . s uch agree m e nt , s h all not disc h a r ge l h i s / \ grcc 111 c n l, w hi c h s h all be cons 1 rncd a cumu l at i ve and continuing und not alte 1 nat i vc and cxclil \ ive . () 20t)L2:0P C Ofl1phi1nce: ) ftflH, I I l ' Cf>  n - , : I - 71dt•l'l'1 /0.!.I no; H 2 t·mn n 1ch.tli Sl·. - 1111 1 , \ i,,ii:c fll t'lll 1) 1 IOOK 1'11 • t: • I 016 \ \ 1 \ w cornpli,mi;ny.lrn11 lOOl



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Any attempted r evocation or termina t i o n s hall on ly be effec ti ve if exp l i c i tl y co n firm ed in a s i gned writing i ssued by Lender lo such effect and s hall i n n o way i m pair or affec t uny transact i ons en t ered inlo or r i g h t s cre at e d or l ia bili t i es i n c u rre d or arising prior 10 s u ch revoca t ion o r termination, as 1 0 which t hi s Agrcc 111 ent s hall be trul y opcrn ti ve until sa m e arc r e p ai d and discharged in full . Unless o th erw i se required by app li cable law, Le nde r shall be un der n o o bl iga tio n to i ssue a tem 1 inalio 11 state m e nt or simi lar docu ment u nl ess Debtor re 11 ues t s same in writing, and providing further, that all Obligations h ave bee n repaid and discharged in fu l l a nd ther e arc no co mmitm e nt s to make advances, in c ur any obi igatio n s, or o th e r w i se g ive value . A B S E NCE O F C O N DITI ONS O F L I A BILIT Y . This Agreement is uncondi t ional . Lender s h all n ot be req uire d t o exhaust its r e m edies against D ebtor, o t h e r collatera l , guarantors, o r an y third p arty, or pursue any o th er remedies within Le nd e r 's power before being entitled t o exercise it s remedies h e r eunde r . Lender's ri g ht s to the Co ll a l t : ral s hall not be alter ed by the la ck or va l id i t y or enforceability or th e Ob l igation s agains t D e b t or, and thi s Agreement s ha ll be f u ll y e nforc e ab l e irrc s pcelive of any co un t erclaim wh i ch t h e Ueb l o r ma y nsse 1 i on t h e u n derlyin g debt a nd notwithstanding a n y stay, modification, discharge, or exte n sio n of Debtor's Obligation aris in g by vi rtu e of Dchtor' s insolvency , ba nkrupt cy, o r rco r gani 7 atio n, whether occurring with or without Lender' s conse nt . NOT I CES . Any no t i ce o r demand g i ven by L e nd e r to Debtor i n connection with thi s A g r ee m e nt , th e Co ll ateral, or the O b l igations , s hall be deemed g iv e n and effective up on deposit in th e United States ma i l , postage pr epaid, electronic mail , facsimile, overn i g ht deliv e r y or ol h c r com mer cially reaso na ble means addressed to Deb t or al the address designated at the beginning of thi s Agreement , or suc h other address as Debtor may provide lo Len d er in wr iti ng from lime 10 time for s uch purposes . Actua l notice l o Debtor shall always be effective no matter how s u c h notice is g iven or r eceived . WA I VE R S . Debtor waive s n ot i ce of Lender's acceptance oflhis Agreement, defen ses based on su ret ys hip , and lo the fullest ex t ent permitted by law , any defense a ri sing as a result of any e l ection by Lender under the Bankruptcy Code or the Un ifor m Commercial Code . Debtor and any maker . endorser, guaranto r , s ur ety , third - party pledgor , and other party execu tin g this Agreement that i s l iable i n any capacity w i th respect lo th e Obligat i ons h e reby waiv e demand, no l i ce of i nt e nt io n t o accclernle, not i ce of accelerntio n , no ti < : e of no n payment , pres c nl r nent , pro t est, notice o f d i s honor , and a n y other s imi l a r noti< : e whatsoever . Debtor forlhcr w a ives a n y defense ar i sing by reason of a disability or o ther defense o f any 1 hird party or by reaso n of the cessatio n from any cause whatsoever of the liability of any third p urty . WA I VE R OF J U R Y TRI AL . A ll pa rt ies t o th is Ag r eeme n t h ereby lrnow in g l y n u cl vo l unta ril y w ai ve, to l hc fulle s t c te nl p c r nri tt c cl by l rtw, an y ri g ht t o trinl b y j ur y o f an y di s put e, wh e th er in co n t ra c t , t o r t, o r ot h erw i se, a ri s in g o ul o r , i n c onn ec ti o n with , re l a t e d to, or i n cide n ta l t o th e re l ations h ip es t ab l i s hed between the m in t h i s Agreeme nt or nny other in s trume nt , do c u m e n t or ng r cc m en t e ecutcd or c l clivcrcd in con n ec t ion wi t h thi s Agreement o r the Re l a t ed Doc um ents . J OI NT AN D SF . VE R AL L J ABl l . lTY . T he li ab i l ity of a ll parties ob li ga ted in any mann e r 11 nd c r lhi s A g r ee m e nt s hnll be jo i nt u nd seve ral , to the exten t of 1 h e ir r es p ect i ve obliga t i o n s . S F : VERAU I L I TY . Whenever possible, each provision of this Agreement sha ll be interpreted in such manner as to be effective and valid under app li cable law ; but, i n th e event any provision of th is Ag r eement s hall bt : pro hibit ed by or invalid under applicable l aw, suc h provi s ion s h all be in e ffectiv e lo the e . "<lcnt o r s u c h p rohib ition o r i n va l idit y and s ha ll be se vered from t h e res t of t his Agreement without in va lidatin g lhc r e maind e r of such provision or the remaining provisions of this Agreement . SU R V I VA L . I he rights and privileg es of !he I . ender hereunder sh all inur e to the benclits of its s ucce ss or s and assigns, and this Agreo .: mt : nt s hall be bi ndin g o n all heir s, exec ut ors, ad m inis tra wrs, assigns, u nd s uccessors o f D e b t or . ASS I CNA UILIT Y . Lender may assig n , pledge , or o th crwisi : transfer this Agreement or any o f i t s r i g ht s and power s undcr thi s Agreemen t without n otice, with all or any of the Obligations, and in such eve nt the assignee s hall have tht : sa me right s as if originally named h e rein in pince of Lender . Dehlor may 1101 assig n this Agreement or any bcnclil accrui n g 10 it hcrcundt : r without lite express written co n sent of th e Le nder . A T TO R Nt, ; Y'S FEE S, C O S T S, AN D EX P t, ; NSES . Debto r ag r ees to pay al l of I . e n der' s costs , fees, a ncl ex p e n ses aris in g o ut o r o r r e l a t ed l o the enforcement of thi s Agreement or the relation s hip be t ween lhe partie s . Included in the fees tha t I . ender may recover from Debto r are the reaso nab l e allomey's fees tlmt Lender inc ur s, includin g a ll fee incurred in the course of rep r esenting Lender before, d uri ng, o r after a n y lawsuit , arbitration, or 01 hcr proceed i ng and tho st : incurred in appeal . w h ether lht : issue s a rr se 0111 of co 111 ract, tori, bankruptcy, or u n y other area of law . Inclu ded in the cos t s and i : x p ensc which I . e n de r rna y recover a r c a ll cou rt , all c rriativ e dispute r e so l u ti o n or o t h er collectio n cos l s . a nd a ll expe nses incidenta l t o perrcct in g Lender's security in t erests and liens , prese r vi n g lh e Collateral (i n c l udin g payment of taxes and insurnnee), recor ds sea rche s, and expense s rel, 11 ccl to audits . inspection , nnd copying . All costs anc . J c pcnscs Lender is e n titled lo recover sha ll accrue interest a t the highest rate et fo rt h in any oftht : Related Documents . C.O V l<: R N I NG L AW. T hi s / \ gr ce111e n l ha s been delivered i n t he Slate o l Kentucky and s hall he const r ued in accordance w ith l hc law s  ol'lh al Stale. II EA OI NGS AND GENDER . The ht : adings preceding text i n this Agreement arc lor general co nvenien ce in idcnrifyi n g s uhje ct matter . but h nvc n o li 111 i l ing imp act on th e 1 cx 1 wh i ch fo ll ow s a n y p : 1 r 1 icu l a r h ead in g . All wurds u sed i n lhi s Agrcc 111 c nl s hall he construed 10 be of such gc mkr or nurnbcr as th e c i rcumstances requi r e . C OU N T l Rl '/ \ RTS . lhis Agreement may he executed b) the parties usi n g any number of copit : s of the Agreement . All execu t ed copies taken together will be treated as a single 1 \ gree mcnl . T I ME I S 0 1 • T II E E SS F : NCF,, l ' irn c i s ol'lhc cs,t!nce in the perforrnancc of all ohligalions of Debtor . I NT l':llPRF.T AT I ON AN D C ONST R UC T I ON. Exccpl as o lhe rwrst: defined in this Agreernenr, nil 1cn11s herein s hall have the meanings  provided hy the Uniform C'umnicreial Cod.: a it has been adopted in lhe t alc ofKentucky . Any ambiguities betwt:en this Agrecrm:nl ai r d any l oan ag r ee m e n t execu t ed by th e D e btor in conjunc t ion with this Agrccmlln l s h all be r esolved using the provi si o n s of the lm 111 agreernt:nl, t o th c.x l cnl ncc.:cssary lO cl i miri.ilc any suc h .irnbiguil y. 0 . WH 1 - Wl2 t . .. , mtce  S ·U•'ffl \ . 11 C - - (6S)1,11.: I 11, \ o1!.!0·) - 10!1 l ,, 21 !. C ,111 1111tr ... 1 .1I 111 · i1,· 1 \ 1ce1 11cul l>l,1 01) t' t  •t· \ ol U \ V \ \ \ I,' "''" ' 11pllJi1( SY.Sf(nl · ' - '"Ill



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l lELEASli : O F L LAOIL I TY . Debtor rel eases L e nd e r from a n y liab ilit y w h ich mi gh t othe r wise exist fo r any act or omission of Lend er related to th e collec ti o n o l'an y d e bt sec ur ed by th b Agr ee m e nt o r th e clis po so l ofn n y C ollateral , excep t for th e Lend e r' s willful mi sco ndu ct . ORAL AC I U : t : MENT S DI SC LA I M!i : R . This Agreeme 111 represents th e final agreement be t ween the p ar tie s and ma y not be contradicted by evidence o f prior, con t emporaneous, o r subse quent oral agreements of th e parties . Th ere are no unwritten oml ag r ee m ents between the parties . S I GNA TUR ES . This in s trument may be s i gned in mult ip l e co unterpart s, eac h of wh i ch s hall co n sti tut e a n o ri g in a l : md , taken together , shall consti tut e a sing le agreement, and by e l ectronic tran s mission , which electron i c signatures s hall be co n s ider ed origi nal executed counterpar t s . PROHIB I T I O N Oli' OT H ER Llli : NS . G r a nt or s hall not vo luntarily create or o th erw i se permit to be created o r filed ugu in st the colla teral any lien (excep t a n y sec urin g indebt e dn ess t o Lend e r) , or any s tatutor y o r o th e r lien o r liens , ch ar ge or enc um bra n ce of any noturc , wh et her inferi o r or sup eri or to the li en of t his collatera l , without the prior written consent of Lender . S h o uld Aorrower and /or I . ende r choose to fil e u Tit l e Work and Lien S tatement , 13 orrowcr i s r e quir ed to provide pr oof that th e l ien in favor or I . e nd er ha s bee n filed wi th in 10 husinc ss days of closing . Failure to do so co uld re su lt in an Eve nt of Defau l t . 4 5 d ays aflcr closin g for the final Title to be receive d by clie nt in th eir own name and RBT' s lien to be perfected . B y s igning Chi s Agreeme n t , Dcb(or acl rn owlcdgcs readin g, under s tandin g, 11 nd ngrccing lo n il it s provi s i o n s and r ece ip t uf n co py her e of . Tr ad / 4 1 gz : 1 -- - 11 ;. Tim E Ev ans 11 s: Manager - - L RND!i:R: Republic Bank & T ru s t C ompa n y ; 'P _ 1 \ 10 - l - 10..::2 ( ,u11μh.Jncf:' - ;) \ lt'III' \ , It C c68Hic , l 0 :1c hl)O'l - 20?1 H) !1 . 1: ( ' 1,111 111 tr(1. 1 I "ir ·1 111 t - .· . \ ,c 1 n c111 1 > 1 , , 1 nu1. 1 1 J t f.l 1l t r, w w ' \ \ c.:u m1 ,t 1 .uu: \ y \ 1em , c. - ,m



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