Exhibit
10.8


 


SEZZLE INC.


 


COMMON STOCK
PURCHASE AGREEMENT


 


This Common Stock Purchase Agreement (this “Agreement”
is made as of 12/22/2017 by and between Sezzle, Inc., a Delaware corporation (the “Company”) and Paul Paradis (“Purchaser”).


 


1.
Sale of Stock. Subject to the terms and conditions of this Agreement, simultaneously with the execution and delivery
of this Agreement by the parties or on such other date as the Company and Purchaser shall agree (the “Purchase Date”), the
Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 3,000,000 shares of the Company’s Common
Stock (the “Shares”) at a purchase price of $0.0065 per share for a total purchase price of $19,500 (the “Aggregate
Purchase Price”). On the Purchase Date, Purchaser will deliver the Aggregate Purchase Price to the Company and the Company will
enter the Shares in Purchaser's name as of such date in the books and records of the Company or, if applicable, a duly authorized transfer
agent of the Company. The Company will deliver to Purchaser, upon request, a notice of issuance with respect to the Shares as soon as
practicable following such date. As used elsewhere herein, the term “Shares” refers to all of the shares purchased hereunder
and all securities received in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement
of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or
other property to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.


 


2.
Consideration for Shares. As consideration for the Shares, Purchaser will deliver the Aggregate Purchase Price by
a check made out to the Company. The Company will also agree to lend the Purchase Price to the Purchaser in the form of a 0% interest
note for the term of the holdings.


 


3.
Limitations on Transfer. Purchaser shall not assign, encumber or dispose of any interest in the Shares except to
the extent permitted by, and in compliance with the provisions below, the transfer restrictions set forth in the Company's Bylaws and
applicable securities laws.


 


(a)
Repurchase Option; Vesting.


 


(i)  In
the event of the voluntary or involuntary termination of Purchaser's Continuous Service Status (as defined below) for any reason
(including death or Disability (as defined below)), with or without cause, the Company shall upon the date of such termination (the
“Termination Date”) have an irrevocable, exclusive option (the “Repurchase Option”) for a period of 3 months
from such date to repurchase all of any portion of the Unvested Shares (as defined below) held by Purchaser as of the Termination
Date at the original purchase price per Share (adjusted for any stock splits, stock dividends and the like) specified in Section 1.
As used in this Agreement, “Unvested Shares” means Shares that have not yet been released from the Repurchase
Option.


 


(ii)
Unless the Company notifies Purchaser within 3 months from the Termination Date that it does not intend to exercise its Repurchase
Option with respect to some or all of the Unvested Shares, the Repurchase Option shall be deemed automatically exercised by the Company
as of the end of such 3-month period following such Termination Date, provided that the Company may notify Purchaser that it is exercising
its Repurchase Option as of a date prior to the end of such 3-month period. Unless Purchaser is otherwise notified by the Company pursuant
to the preceding sentence that the Company does not intend to exercise its Repurchase Option as to some or all of the Unvested Shares
to which it applies at the time of termination, execution of this Agreement by Purchaser constitutes written notice to Purchaser of the
Company's intention to exercise its Repurchase Option with respect to all Unvested Shares to which such Repurchase Option applies. The
Company, at its choice, may satisfy its payment obligation to Purchaser with respect to exercise of the Repurchase Option by either (A)
delivering a check to Purchaser in the amount of the purchase price for the Unvested Shares being repurchased, or (B) in the event Purchaser
is indebted to the Company, canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being repurchased,
or (C) by a combination of (A) and (B) so that the combined payment and cancellation of indebtedness equals such purchase price. In the
event of any deemed automatic exercise of the Repurchase Option pursuant to this Section 3(a)(ii) in which Purchaser is indebted to the
Company, such indebtedness equal to the purchase price of the Unvested Shares being repurchased shall be deemed automatically canceled
as of the end of the 3-month period following the Termination Date unless the Company otherwise satisfies its payment obligations. As
a result of any repurchase of Unvested Shares pursuant to this Section 3(a), the Company shall become the legal and beneficial owner of
the Unvested Shares being repurchased and shall have all rights and interest therein or related thereto, and the Company shall have the
right to transfer to its own name the number of Unvested Shares being repurchased by the Company, without further action by Purchaser.


 






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(iii)
100% of the Shares shall initially be subject to the Repurchase Option (the “Vesting Shares”). 25% of the Vesting Shares
shall be released from the Repurchase Option on 12/22/2018, and an additional 1/48th of the Vesting Shares shall be released from the
Repurchase Option on the 1st day of each month thereafter [(and if there is no corresponding day, the last day of the month), until all
Vesting Shares are released from the Repurchase Option; provided, however, that such scheduled releases from the Repurchase Option shall
immediately cease as of the Termination Date. Fractional shares shall be rounded to the nearest whole share.


 


(iv)
Double Trigger Acceleration: Notwithstanding the foregoing, if Purchaser is terminated without Cause (as defined below)
by the Company (or a successor, if appropriate) or resigns for Good Reason (as defined below) in connection with or following the consummation
of a Change of Control (as defined below), then the vesting of the Unvested Shares shall accelerate such that the Repurchase Option in
Section 3(a) shall lapse as to 100% of the Unvested Shares. The lapse of repurchase rights provided for in the previous sentence shall
occur immediately prior to the Termination Date. In the case of a sale of all or substantially all of the Company's assets other than
to an Excluded Entity, if the acquirer of the Company's assets does not agree to assume this Agreement, or to substitute an equivalent
award or right for this Agreement, and Purchaser transfers his employment to such acquirer in connection with such asset sale transaction,
then any acceleration of vesting that would otherwise occur upon Purchaser's termination shall occur immediately prior to, and contingent
upon, the means (1) a sale of all or substantially all of the Company's assets other than to an Excluded Entity (as defined below), (2)
a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation,
limited liability company or other entity other than an Excluded Entity, or (3) the consummation of a transaction, or series of related
transactions, in which any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the "beneficial
owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of all of the Company's then outstanding voting securities.
Notwithstanding the foregoing, a transaction shall not constitute a Change of Control if its purpose is to (A) change the jurisdiction
of the Company's incorporation, (B) create a holding company that will be owned in substantially the same proportions by the persons who
hold the Company's securities immediately before such transaction, or (C) obtain funding for the Company in a financing that is approved
by the Company’s Board of Directors. An “Excluded Entity” means a corporation, limited liability company or other entity
of which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect
holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation's, limited liability
company's or other entity's voting securities outstanding immediately after such transaction. As used in this Agreement, “Cause”
for the Company (or a successor, if appropriate) to terminate Purchaser's employment shall exist under the following conditions (I) Purchaser's
willful and continued failure to substantially perform Purchaser's duties to the Company after there has been delivered to Purchaser by
the Company's Board of Directors a written demand for substantial performance and opportunity to cure which sets forth in detail the specific
respects in which the Company's Board of Directors believes that Purchaser has not substantially performed Purchaser's duties; (II) Purchaser
having committed willful fraud, willful misconduct, dishonesty or other intentional action in any such case which is materially injurious
to the Company; (III) Purchaser's having been convicted of, or having plead guilty or nolo contendere to, any crime that results in, or
is reasonably expected to result in material harm to the business or reputation of the Company; or (IV) Purchaser's material breach of
any material written agreement between Purchaser and the Company (including without limitation Purchaser's Proprietary Information, Inventions,
Non-competition and Non-solicitation Agreement with the Company) and Purchaser's failure to cure such breach within 30 days after receiving
written notice thereof. For purposes of clarity, a termination without "Cause" does not include any termination that occurs
as a result of Purchaser's death or disability. The determination as to whether Purchaser's Continuous Service Status has been terminated
for Cause shall be made in good faith by the Company and shall be final and binding on Purchaser. The foregoing definition does not in
any way limit the Company's ability to terminate Purchaser's employment or consulting relationship at any time, and the term "Company"
will be interpreted to include any Subsidiary, Parent, Affiliate, or any successor thereto, if appropriate. As used in this Agreement,
“Good Reason” will mean Purchaser’s resignation due to the occurrence of any of the following conditions which occurs
without Purchaser's written consent, provided that the requirements regarding advance notice and an opportunity to cure set forth below
are satisfied: (1) a reduction of Purchaser's then current base salary by 10% or more unless such reduction is part of a generalized salary
reduction affecting similarly situated employees; (2) a change in Purchaser's position with the Company that materially reduces Purchaser's
duties, level of authority or responsibility; or (3) the Company conditions Purchaser's continued service with the Company on Purchaser's
being transferred to a site of employment that would increase Purchaser's one-way commute by more than 35 miles from Purchaser's then
principal residence. In order for Purchaser to resign for Good Reason, Purchaser must provide written notice to the Company of the existence
of the Good Reason condition within 60 days of the initial existence of such Good Reason condition. Upon receipt of such notice, the Company
will have 30 days during which it may remedy the Good Reason condition and not be required to provide for the vesting acceleration described
herein as a result of such proposed resignation. If the Good Reason condition is not remedied within such 30-day period, Purchaser may
resign based on the Good Reason condition specified in the notice effective no later than 30 days following the expiration of the 30-day
cure period. If Purchaser is a Director but not an Employee or Consultant of the Company (or a successor, if appropriate) at the time
of consummation of the Change of Control and Purchaser is removed from, or is not reelected to, the Board of Directors of the Company
(or a successor, as appropriate) in connection with or following the consummation of a Change of Control, the vesting of any Unvested
Shares shall accelerate such that the Repurchase Option shall lapse to the same extent as if Purchaser had been terminated without Cause
as described above.





 






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(b)
Right of First Refusal. Before any Shares held by Purchaser or any transferee of Purchase (either being sometimes
referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law),
the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this
Section 3(b) (the “Right of First Refusal”), which the Company may either (1) exercise its Right of First Refusal and purchase
the Shares as forth in this Section 3(b) or (2) reject to exercise its Right of First Refusal and permit the transfer of the Shares to
the Proposed Transferee (as defined below).


 


(i)  Notice
of Proposed Transfer. The Holder of the Shares shall deliver to the Company a written notice (the “Notice”)
stating: (A) the Holder’s intention to sell or otherwise transfer such Shares; (B) the name of each proposed purchaser or
other transferee (“Proposed Transferee”); (C) the number of Shares to be transferred to each Proposed Transferee; (D)
the terms and conditions of each proposed sale or transfer, including (without limitation) the purchase price for such Shares (the
“Transfer Purchase Price”); and (E) the Holder's offer shall offer to the Company or its assignee(s) to purchase the
Shares at the Transfer Purchase Price and upon the same terms (or terms as similar as reasonably possible).


 


(ii)
Exercise of Right of First Refusal. At any time within 30 days after receipt of the Notice, the Company and/or its
assignee(s) may, by giving written notice to the Holder, elect to purchase any or all of the Shares proposed to be transferred to any
one or more of the Proposed Transferees, at the Transfer Purchase Price, provided that if the Transfer Purchase Price consists of no legal
consideration (as, for example, in the case of a transfer by gift), the purchase price will be the fair market value of the Shares as
determined in good faith by the Company's Board of Directors. If the Transfer Purchase Price includes consideration other than cash, the
cash equivalent value of the non-cash consideration shall be determined by the Company's Board of Directors in good faith.


 


(iii)
Payment. Payment of the Transfer Purchase Price shall be made, at the election of the Company or its assignee(s),
in cash (by check), by cancellation of all or a portion of any outstanding indebtedness, or by any combination thereof within 60 days
after receipt of the Notice or in the manner and at the times mutually agreed to by the Company (or its assignee(s)) and the Holder.


 


(iv)
Holder’s Right to Transfer. If any of the Shares proposed in the Notice to be transferred to a given Proposed
Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section 3(b), then the Holder may sell or otherwise
transfer any unpurchased Shares to the Proposed Transferee at the Transfer Purchase Price or at a higher price, provided that such sale
or other transfer is consummated within 120 days after the date of the Notice and provided further that any such sale or other transfer
is effected in accordance with the transfer restrictions set forth in the Company's Bylaws and any applicable securities laws and the
Proposed Transferee agrees in writing that the provisions of this Section 3 shall continue to apply to the Shares in the hands of such
Proposed Transferee. The Company, in consultation with its legal counsel, may require the Holder to provide an opinion of counsel evidencing
compliance with applicable securities laws. If the Shares described in the Notice are not transferred to the Proposed Transferee within
such period, or if the Holder proposes to change the price or other terms to make them more favorable to the Proposed Transferee, a new
Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any
Shares held by the Holder may be sold or otherwise transferred.


 


(v)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b) notwithstanding,
the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate
Family or to a trust for the benefit of Purchaser or Purchaser's Immediate Family shall be exempt from the provisions of this Section
3(b). “Immediate Family” as used in this agreement shall mean lineal descendant or antecedent, spouse (or spouse's antecedents),
father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents
or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any
person sharing Purchaser's household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive
and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares
except in accordance with the terms of this Section 3.


 


(c)
Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement,
of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer
upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v) above) of all or a portion of
the Shares by the record holder thereof, the Company shall have the right to purchase any or all of the Shares transferred at the fair
market value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder
shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company
for a period of 30 days following receipt by the Company of written notice from the Holder.


 






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(d)
Assignment. The right of the Company to purchase any part of the Shares may be assigned in whole or in part to any
holder or holders of capital stock of the Company or other persons or organizations.


 


(e)
Restrictions Binding on Transferees. All transferees of Shares or any interest therein will receive and hold such
Shares or interest subject to the provisions of this Agreement, including, insofar as applicable, the Repurchase Option. Any sale or transfer
of the Shares shall be void unless the provisions of this Agreement are satisfied.


 


(f)  Termination
of Rights. The Right of First Refusal granted the Company by Section 3(b) above and the right to repurchase the Shares in
the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon (i) the first sale of Common
Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities
and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”_ (other than a registration
statement relating solely to the issuance of Common Stock pursuant to a business combination or an employee incentive or benefit
plan) or (ii) any transfer or conversion of Shares made pursuant to a statutory merger or statutory consolidation of the Company
with or into another corporation or corporations if the common stock of the surviving corporation or any direct or indirect parent
corporation thereof is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).


 


(g)
Lock-up Agreement. If so requested by the Company or the underwriters in connection with the initial public offering
of the Company's securities registered under the Securities Act of 1933, as amended, Purchaser shall not sell, make any short sale of,
loan, grant any option for the purchase of, or otherwise dispose of any securities of the Company however or whenever acquired (except
for those being registered) without the prior written consent of the Company or such underwriters, as the case may be, for 180 days from
the effective date of the registration statement, plus such additional period, to the extent required by FINRA rules, up to a maximum
of 216 days from the effective date of the registration statement, and Purchaser shall execute an agreement reflecting the foregoing as
may be requested by the underwriters at the time of such offering.


 


4.
Escrow of Unvested Shares. For purposes of facilitating the enforcement of the provisions of Section 3, Purchaser
agrees to deliver a Stock Power in the form attached to this Agreement as Exhibit A executed by Purchaser and by Purchaser’s
spouse (if required for transfer), in blank, and such stock certificate(s), if any, to the Secretary of the Company, or the Secretary's
designee, to hold such Shares (and stock certificate(s), if any) and Stock Power in escrow and to take all such actions and to effectuate
all such transfers and/or releases as are required in accordance with the terms of this Agreement. Purchaser hereby acknowledges that
the Secretary of the Company, or the Secretary's designee, is so appointed as the escrow holder with the foregoing authorities as a material
inducement to make this Agreement and that said appointment is coupled with an interest and is accordingly irrevocable. Purchaser agrees
that said escrow holder shall not be liable to any party hereof (or to any other party). The escrow holder may rely upon any letter, notice
or other document executed by any signature purported to be genuine and may resign at any time. Purchaser agrees that if the Secretary
of the Company, or the Secretary's designee, resigns as escrow holder for any or no reason, the Board of Directors of the Company shall
have the power to appoint a successor to serve as escrow holder pursuant to the terms of this Agreement.


 






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5.
Investment and Taxation Representations. In connection with the purchase of the Shares, Purchaser represents to the
Company the following:


 


(a)
Purchaser is aware of the Company's business affairs and financial condition and has acquired sufficient information about the
Company to reach an informed and knowledgeable decision to acquire the Shares. Purchaser is purchasing the Shares for investment for Purchaser's
own account only and not with a view to, or for resale in connection with, any "distribution" thereof within the meaning of
the Securities Act or under any applicable provision of state law. Purchaser does not have any present intention to transfer the Shares
to any other person or entity.


 


(b)
Purchaser understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of Purchaser's investment intent as expressed herein.


 


(c)
Purchaser further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered
under the Securities Act or an exemption from such registration is available. Purchaser further acknowledges and understands that the
Company is under no obligation to register the securities.


 


(d)
Purchaser is familiar with the provisions of Rule 144, promulgated under the Securities Act, which, in substance, permits limited
public resale of "restricted securities" acquired, directly or indirectly, from the issuer of the securities (or from an affiliate
of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Purchaser understands that the Company provides
no assurances as to whether he or she will be able to resell any or all of the Shares pursuant to Rule 144, which rule requires, among
other things, that the Company be subject to the reporting requirements of the Exchange Act, that resales of securities take place only
after the holder of the Shares has held the Shares for certain specified time periods, and under certain circumstances, that resales of
securities be limited in volume and take place only pursuant to brokered transactions. Notwithstanding this Section 5(d), Purchaser acknowledges
and agrees to the restrictions set forth in Section 5(e) below.


 


(e)
Purchaser further understands that in the event all of the applicable requirements of Rule 144 are not satisfied, registration
under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding
the fact that Rule 144 is not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing
to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial
burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their
respective brokers who participate in such transactions do so at their own risk.


 


(f)  
Purchaser represents that Purchaser is not subject to any of the "Bad Actor" disqualifications described in Rule 506(d)(1)(i)
to (viii) under the Securities Act (attached hereto as Annex I).


 


(g)
Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser's purchase or disposition of
the Shares. Purchaser represents that Purchaser has consulted any tax consultants Purchaser deems advisable in connection with the purchase
or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice.


 






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6.
Restrictive Legends and Stop-Transfer Orders.


 


(a)
Legends. Any stock certificate or, in the case of uncertificated securities, any notice of issuance, for the Shares,
shall bear the following legends (as well as any legends required by applicable state and federal corporate and securities laws):


 


(i)  
"THE SECURITIES REFERENCED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT
AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT
AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933."


 


(ii)
"THE SECURITIES REFERENCED HEREIN MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY
AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH AND MAY BE OBTAINED FROM THE SECRETARY OF THE COMPANY AT NO CHARGE."


 


(iii)
"THE TRANSFER OF SECURITIES REFERENCED HEREIN IS SUBJECT TO RESTRICTIONS REQUIRING APPROVAL OF THE COMPANY PURSUANT TO AND
IN ACCORDANCE WITH THE COMPANY'S BYLAWS, COPIES OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE COMPANY AT ITS PRINCIPAL PLACE OF
BUSINESS. THE COMPANY SHALL NOT REGISTER OR OTHERWISE RECOGNIZE OR GIVE EFFECT TO ANY PURPORTED TRANSFER OF SHARES OF STOCK THAT DOES
NOT COMPLY WITH THE COMPANY'S BYLAWS."


 


(b)
Stop-Transfer Notices. Purchaser agrees that, in order to ensure compliance with the restrictions referred to herein,
the Company may issue appropriate "stop transfer" instructions to its transfer agent, if any, and that, if the Company transfers
its own securities, it may make appropriate notations to the same effect in its own records.


 


(c)
Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold
or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord
the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.


 


(d)
Legend and Notice Removal. When all the following events have occurred, the Shares then held by Purchaser will no
longer be subject to the legend specified in Section 6(a)(ii) and the Company will remove any stop-transfer notices associated with the
transfer restrictions imposed by this Agreement:


 


(i)  
the termination of the Right of First Refusal;


 


(ii)
the expiration or exercise in full of the Repurchase Option; and


 


(iii)
the expiration or termination of the lock-up provisions of Section 3(g) (and of any agreement entered pursuant to Section 3(g)).


 


After such time and upon Purchaser's request, a
new stock certificate or, in the case of uncertificated securities, notice of issuance, for the remaining Shares, shall be issued without
the legend specified in Section 6(a)(ii) and delivered to Purchaser.


 






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(e)
Required Notices. Purchaser acknowledges that the Shares are issued and shall be held subject to all the provisions
of this Section 6, the Certificate of Incorporation and the Bylaws of the Company and any amendments thereto, copies of which are on file
at the principal office of the Company. A statement of all of the rights, preferences, privileges and restrictions granted to or imposed
upon the respective classes and/or series of shares of stock of the Company and upon the holders thereof may be obtained by any stockholder
upon request and without charge, at the principal office of the Company, and the Company will furnish any stockholder, upon request and
without charge, a copy of such statement. Purchaser acknowledges that the provisions of this Section 6 shall constitute the notices required
by Sections 151(f) and 202(a) of the Delaware General Corporation Law and the Purchaser hereby expressly waives the requirement of Section
151(f) of the Delaware General Corporation Law that it receive the written notice provided for in Sections 151(f) and 202(a) of the Delaware
General Corporation Law within a reasonable time after the issuance of the Shares.


 


7.
No Employment Rights. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company,
or a parent, subsidiary or affiliate of the Company, to terminate Purchaser's employment or consulting relationship, for any reason, with
or without cause.


 


8.
Section 83(b) Election. Purchaser understands that Section 83(a) of the Internal Revenue Code of 1986, as amended
(the “Code”), taxes as ordinary income the difference between the amount paid for the Shares and the fair market value of
the Shares as of the date any restrictions on the Shares lapse. In this context, “restriction” means the right of the Company
to buy back the Shares pursuant to the Repurchase Option set forth in Section 3(a) of this Agreement. Purchaser understands that Purchaser
may elect to be taxed at the time the Shares are purchased, rather than when and as the Repurchase Option expires, by filing an election
under Section 83(b) (an “83(b) Election”) of the Code with the Internal Revenue Service within 30 days from the date of purchase.
Even if the fair market value of the Shares at the time of the execution of this Agreement equals the amount paid for the Shares, the
election must be made to avoid income under Section 83(a) in the future. Purchaser understands that failure to file such an election in
a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of such election
form should be filed with Purchaser's federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser
acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the
Shares hereunder, does not purport to be complete, and is not intended or written to be used, and cannot be used, for the purposes of
avoiding taxpayer penalties. Purchaser further acknowledges that the Company has directed Purchaser to seek independent advice regarding
the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside,
and the tax consequences of Purchaser's death, and Purchaser has consulted, and has been fully advised by, Purchaser's own tax advisor
regarding such tax laws and tax consequences or has knowingly chosen not to consult such a tax advisor. Purchaser further acknowledges
that neither the Company nor any subsidiary or representative of the Company has made any warranty or representation to Purchaser with
respect to the tax consequences of Purchaser's purchase of the Shares or of the making or failure to make an 83(b) Election. PURCHASER
(AND NOT THE COMPANY, ITS AGENTS OR ANY OTHER PERSON) SHALL BE SOLELY RESPONSIBLE FOR APPROPRIATELY FILING SUCH FORM WITH THE IRS, EVEN
IF PURCHASER REQUESTS THE COMPANY, ITS AGENTS OR ANY OTHER PERSON MAKE THIS FILING ON PURCHASER'S BEHALF.


 


Purchaser agrees that Purchaser will execute and
deliver to the Company with this executed Agreement a copy of the Acknowledgment and Statement of Decision Regarding Section 83(b) Election
(the “Acknowledgment”), attached hereto as Exhibit B and, if Purchaser decides to make an 83(b) Election, a copy of
the 83(b) Election, attached hereto as Exhibit C.


 






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9.
Certain Defined Terms.


 


(a)
“Affiliate” means an entity other than a Subsidiary which, together with the Company, is under common
control of a third person or entity.


 


(b)
“Consultant” means any person, including an advisor but not an Employee, who is engaged by the Company,
or any Parent, Subsidiary or Affiliate, to render services (other than capital-raising services) and is compensated for such services,
and any Director whether compensated for such services or not.


 


(c)
“Continuous Service Status” means the absence of any interruption or termination of service as an Employee
or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of:
(i) Company approved sick leave; (ii) military leave; (iii) any other bona fide leave of absence approved by the Company, provided that
such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract
or statute, or unless provided otherwise pursuant to a written Company policy. Also, Continuous Service Status as an Employee or Consultant
shall not be considered interrupted or terminated in the case of a transfer between locations of the Company or between the Company, its
Parents, Subsidiaries or Affiliates, or their respective successors, or a change in status from an Employee to a Consultant or from a
Consultant to an Employee.


 


(d)
“Director” means a member of the Board of Directors of the Company.


 


(e)
“Disability” means “disability” within the meaning of Section 22(e)(3) of the Code.


 


(f)  
“Employee” means any person employed by the Company, or any Parent, Subsidiary or Affiliate, with the
status of employment determined pursuant to such factors as are deemed appropriate by the Board of Directors of the Company in its sole
discretion, subject to any requirements of applicable laws, including the Code. The payment by the Company of a director's fee shall not
be sufficient to constitute "employment" of such director by the Company or any Parent, Subsidiary or Affiliate.


 


(g)
“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with
the Company if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one of the other corporations in such chain.


 


(h)
“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning
with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of
the total combined voting power of all classes of stock in one of the other corporations in such chain.


 






    8


     


    

 


10.
Miscellaneous.


 


(a)
Governing Law. The validity, interpretation, construction and performance of this Agreement, and all acts and transactions
pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the
laws of the state of Delaware, without giving effect to principles of conflicts of law. For purposes of litigating any dispute that may
arise directly or indirectly from this Agreement, the parties hereby submit and consent to the exclusive jurisdiction of the state of
Delaware and agree that any such litigation shall be conducted only in the courts of Delaware or the federal courts of the United States
located in Delaware and no other courts.


 


(b)
Entire Agreement. This Agreement sets forth the entire agreement and understanding of the parties relating to the
subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or written,
between them relating to the subject matter hereof.


 


(c)
Amendments and Waivers. No modification of or amendment to this Agreement, nor any waiver of any rights under this
Agreement, shall be effective unless in writing signed by the parties to this Agreement. No delay or failure to require performance of
any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance.


 


(d)
Successors and Assigns. Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations
of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators
and legal representatives. The Company may assign any of its rights and obligations under this Agreement. No other party to this Agreement
may assign, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement, except with the prior
written consent of the Company.


 


(e)
Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing
and shall be deemed sufficient when delivered personally or by overnight courier or sent by email, or 48 hours after being deposited in
the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party's address as set
forth on the signature page, as subsequently modified by written notice, or if no address is specified on the signature page, at the most
recent address set forth in the Company's books and records.


 


(f)  
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the
parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable
replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall
be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its
terms.


 


(g)
Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto
and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and
no ambiguity shall be construed in favor of or against any one of the parties hereto.


 


(h)
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed an original, and all of which together shall constitute one and the same agreement. Execution of a facsimile copy will
have the same force and effect as execution of an original, and a facsimile signature will be deemed an original and valid signature.


 


(i)  
Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to this Agreement
or any notices required by applicable law or the Company’s Certificate of Incorporation or Bylaws by email or any other electronic
means. Purchaser hereby consents to (i) conduct business electronically (ii) receive such documents and notices by such electronic delivery
and (iii) sign documents electronically and agrees to participate through an on-line or electronic system established and maintained by
the Company or a third party designated by the Company.


 


[Signature Page Follows]


 




    9


     


    

 


The parties have executed this Common Stock Purchase
Agreement as of the date first set forth above.


 


	 	THE COMPANY:
	 	 	 
	 	SEZZLE INC.
	 	 	 
	 	By:	/s/ Charles G. Youakim
	 	 	(Signature)
	 	Name:	Charles G. Youakim
	 	Title:	President and CEO


 


		PURCHASER:
	 	 	 
		Paul Paradis
		(PRINT NAME)
	 	 	 
		By:	/s/ Paul Paradis
	 		(Signature)
		Name:	Paul Paradis
		Title:	CBDO


 




     


     


    

 


EXHIBIT A


 


STOCK POWER


 


FOR VALUE RECEIVED, the undersigned (“Holder”),
hereby sells, assigns and transfers unto _____________________ (“Transferee”) ___________ shares of the Common Stock of Sezzle
Inc., a Delaware corporation (the "Company"), standing in Holder's name on the Company's books as Certificate No. UCS-____ whether
held in certificated or uncertificated form, and does hereby irrevocably constitute and appoint ____________________ to transfer said
stock on the books of the Company with full power of substitution in the premises.


 


	Date:	HOLDER:
	 	 	 
	 	
	 	(PRINT NAME)
	 	 	 
	 	 	 
	 	By:	 
	 	 	(Signature)
	 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:	
	 	 	
	 	 	
	 	 	
	 	Email:	


 


 


This Stock Power may only be used as authorized
by the Common Stock Purchase Agreement between the Holder and the Company, dated ___________ and the exhibits thereto.


 


Instructions: Please do not fill in any blanks other
than the signature line. The purpose of this assignment is to enable the Company to exercise its repurchase option set forth in the Agreement
without requiring additional signatures on the part of Holder.


 




    	 	A-1	 



     


    

 


IF YOU WISH TO
MAKE A SECTION 83(B) ELECTION, THE FILING OF SUCH ELECTION IS YOUR RESPONSIBILITY.


 


THE FORM FOR MAKING
THIS SECTION 83(B) ELECTION IS ATTACHED TO THIS AGREEMENT.


 


YOU MUST FILE THIS
FORM WITHIN 30 DAYS OF PURCHASING THE SHARES.


 


YOU (AND NOT THE
COMPANY, ANY OF ITS AGENTS OR ANY OTHER PERSON) SHALL BE SOLELY RESPONSIBLE FOR FILING SUCH FORM WITH THE IRS, EVEN IF YOU REQUEST THE
COMPANY, ITS AGENTS OR ANY OTHER


 


PERSON TO MAKE
THIS FILING ON YOUR BEHALF AND EVEN IF THE COMPANY, ANY OF ITS AGENTS OR ANY OTHER PERSON HAS PREVIOUSLY MADE THIS FILING ON YOUR BEHALF.


 


The election should be filed by mailing a signed election form by certified
mail, return receipt requested to the IRS Service Center where you file your tax returns. See www.irs.gov.


 




    	 	A-2	 



     


    




 


EXHIBIT B


 


ACKNOWLEDGMENT
AND STATEMENT OF DECISION

REGARDING SECTION 83(b) ELECTION


 


The undersigned has entered into a stock purchase agreement with Sezzle
Inc., a Delaware corporation (the “Company”), pursuant to which the undersigned is purchasing ______ shares of Common Stock
of the Company (the “Shares”). In connection with the purchase of the Shares, the undersigned hereby represents as follows:


 


1. The
undersigned has carefully reviewed the stock purchase agreement pursuant to which the undersigned is purchasing the Shares.


 


2. The
undersigned either [check and complete as applicable]:


 


		(a)	has consulted, and has been fully advised by, the undersigned's own tax advisor, __________________, whose business address is _______________________________________________,
regarding the federal, state and local tax consequences of purchasing the Shares, and particularly regarding the advisability of making
elections pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”) and pursuant to the corresponding
provisions, if any, of applicable state law; or



 


(b)  
has knowingly chosen not to consult such a tax advisor.


 


3. The
undersigned hereby states that the undersigned has decided [check as applicable]:


 


		(a)	to make an election pursuant to Section 83(b) of the Code, and is submitting to the Company, together with the undersigned's executed
stock purchase agreement, an executed form entitled "Election Under Section 83(b) of the Internal Revenue Code of 1986;" or



 


(b)  not
to make an election pursuant to Section 83(b) of the Code.


 




    	 	B-1	 



     


    

 


4. Neither
the Company nor any subsidiary or representative of the Company has made any warranty or representation to the undersigned with respect
to the tax consequences of the undersigned’s purchase of the Shares or of the making or failure to make an election pursuant to
Section 83(b) of the Code or the corresponding provisions, if any, of applicable state law.


 


	Dated:	PURCHASER:
	 	 	 
	 	
	 	 (PRINT NAME)
	 		 
	 	 	 
	 	 	 
	 	       
	 	(Signature)
	 	 	 
	 	Address:
	 	
	 	Spouse of Purchaser (if applicable)


 




    	 	B-2	 



     


    

  





EXHIBIT C


 


ELECTION UNDER
SECTION 83(B)

OF THE INTERNAL REVENUE CODE OF 1986


 


The undersigned taxpayer hereby elects, pursuant
to Section 83(b) of the Internal Revenue Code, to include in taxpayer's gross income for the current taxable year, the amount of any compensation
taxable to taxpayer in connection with taxpayer's receipt of the property described below:


 


		1.	The name, address, taxpayer identification number and taxable
year of the undersigned are as follows:



 


	NAME OF TAXPAYER: 	 
	 	 
	NAME OF SPOUSE:	 
	 	 
	ADDRESS:	 
	 	 
	 	 
	 	 
	IDENTIFICATION NO. OF TAXPAYER:	 
	 	 
	IDENTIFICATION NO. OF SPOUSE:	 
	 	 
	TAXABLE YEAR:	 



  


		2.	The property with respect to which the election is made is described
as follows:



 


_______________ shares of the Common Stock
of Sezzle Inc., a Delaware corporation (the “Company”).


 


	3. 	The date on which the property was transferred is:	       



 


		4.	The property is subject to the following restrictions:



 


Repurchase option at cost in favor of the Company upon termination
of taxpayer's employment or consulting relationship.


 


		5.	The fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its
terms will never lapse, of such property is:



 


$___________________.


 


		6.	The amount (if any) paid for such property: [Paid for with property having a value of $_______________ and equivalent to the value
of the Shares] OR

[$__________________].



 


The undersigned has submitted a copy of this statement to the person
for whom the services were performed in connection with the undersigned's receipt of the above-described property. The transferee of such
property is the person performing the services in connection with the transfer of said property.


 






    	 	C-1	 



     


    

 


The undersigned understands that the foregoing election may not
be revoked except with the consent of the Commissioner.


 


	Dated:	PURCHASER:
	 	 	 
	 	
	 	(PRINT NAME)
	 	 	 
	 	
	 	(Signature)	 
	 	 	 
	 	Address:	 
	 	
	 	
	 	
	 	
	 	 
	 	 
	 	Spouse of Purchaser (if applicable)


 




    	 	C-2	 



     


    

 


EXHIBIT D


 


FORM OF ASSIGNMENT
OF IP AND OTHER ASSETS (See Attached)


 


(See Attached)


 




    	 	D-1	 



     


    

 


SEZZLE INC.


 


ASSIGNMENT OF
IP AND OTHER ASSETS


 


This Assignment of IP and Other Assets (this “Agreement”)
is made and entered into effective as of _________________ (this “Effective Date”) by and between Sezzle Inc., a Delaware
corporation (the “Company”), and [Purchaser Name] (the “Assignor”).


 


WHEREAS, prior to the Effective Date, the Assignor
has developed certain technology and intellectual property on behalf of the Company and has developed or acquired other tangible personal
property, as further described below, which relate to the Company's actual and proposed business associated with __________________________
(the “Business”);


 


WHEREAS, the Assignor desires such technology and
intellectual property and other tangible personal property to be assigned to and owned by the Company, in exchange for the shares of the
Company's capital stock issued by the Company to the Assignor on or about the date hereof;


 


NOW THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement
hereby agree as follows:


 


1. Certain
Definitions. As used herein, the following capitalized terms will have the meanings set forth below:


 


 (a) “Technology” means all
inventions, technology, ideas, concepts, processes, business plans, documentation, financial projections, models and any other
items, authored, conceived, invented, developed or designed by the Assignor relating to the technology or Business of the Company
that is not otherwise owned by the Company.


 


 (b) “Derivative” means”
(i) any derivative work of the Technology (as defined in Section 101 of the U.S. Copyright Act); (ii) all improvements,
modifications, alterations,adaptations, enhancements and new versions of the Technology (the “Technology Derivatives”);
and (iii) all technology, inventions, products or other items that, directly or indirectly, incorporate, or are derived from, any
part of the Technology or any Technology Derivative.


 


 (c) “Intellectual Property
Rights” means, collectively, all worldwide patents, patent applications, patent rights, copyrights, copyright registrations,
moral rights, trade names, trademarks, service marks, domain names and registrations and/or applications for all of the foregoing,
trade secrets, know-how, mask work rights, rights in trade dress and packaging, goodwill and all other intellectual property rights
and proprietary rights relating in any way to the Technology, any Derivative or any Embodiment, whether arising under the laws of
the United States of America or the laws of any other state, country or jurisdiction.


 


 (d) “Embodiment” means all
documentation, drafts, papers, designs, schematics, diagrams, models, prototypes, source and object code (in any form or format and
for all hardware platforms), computer-stored data, diskettes, manuscripts and other items describing all or any part of the
Technology, any Derivative, any Intellectual Property Rights or any information related thereto or in which all of any part of the
Technology, any Derivative, any Intellectual Property Right or such information is set forth, embodied, recorded or stored.


 






    	 	D-2	 



     


    

 


 (e) “Business Assets” means
all business and marketing plans, worldwide marketing rights, software, customer and supplier lists, price lists, mailing lists, customer
and supplier records and other confidential or proprietary information relating to the Technology, as well as all computers, office equipment
and other tangible personal property owned (i.e., not leased) by Assignor immediately prior to the execution and delivery of this Agreement
and primarily used in or otherwise primarily related to the Business.


 


 (f) “Assigned Assets” refers
to the Technology, all Derivatives, all Intellectual Property Rights, all Embodiments and Business Assets, collectively.


 


2. Assignment.


 


 (a) The Assignor hereby sells, transfers,
assigns and conveys, to the Company, and its successors and assigns, the Assignor's entire right, title and interest in and to the Assigned
Assets and all rights of action, power and benefit belonging to or accruing from the Assigned Assets including the right to undertake
proceedings to recover past and future damages and claim all other relief in respect of any acts of infringement thereof whether such
acts shall have been committed before or after the date of this assignment, the same to be held and enjoyed by said Company, for its own
use and benefit and the use and benefit of its successors, legal representatives and assigns, as fully and entirely as the same would
have been held and enjoyed by the Assignor, had this assignment not been made.


 


 (b) The Assignor hereby appoints the Company
the attorney-in-fact of the Assignor, with full power of substitution on behalf of the Assignor to demand and receive any of the Assigned
Assets and to give receipts and releases for the same, to institute and prosecute in the name of the Assignor, but for the benefit of
the Company, any legal or equitable proceedings the Company deems proper in order to enforce any rights in the Assigned Assets and to
defend or compromise any legal or equitable proceedings relating to the Assigned Assets as the Company shall deem advisable. The Assignor
hereby declares that the appointment made and powers granted hereby are coupled with an interest and shall be irrevocable by the Assignor.


 


 (c) The Assignor hereby agrees that the
Assignor and the Assignor's successors and assigns will do, execute, acknowledge and deliver, or will cause to be done, executed, acknowledged
and delivered such further acts, documents, or instruments confirming the conveyance of any of the Assigned Assets to the Company as the
Company shall reasonably deem necessary, provided that the Company shall provide all necessary documentation to the Assignor.


 


3. Assignor
Representations and Warranties. The Assignor represents and warrants to the Company that to the best of Assignor's knowledge the
Assignor is the owner, inventor and/or author of, and can grant exclusive right, title and interest in and to, each of the Assigned Assets
transferred by the Assignor hereunder and that none of the Assigned Assets are subject to any dispute, claim, prior license or other agreement,
assignment, lien or rights of any third party, or any other rights that might interfere with the Company's use, or exercise of ownership
of, any of the Assigned Assets. The Assignor further represents and warrants to the Company that to the best of Assignor's knowledge the
Assigned Assets are free of any claim of any prior employer or third party client of the Assignor or any school, university or other institution
the Assignor attended, and that the Assignor is not aware of any claims by any third party to any rights of any kind in or to any of the
Assigned Assets. The Assignor agrees to immediately notify the Company upon becoming aware of any such claims.


 


4. Reimbursement
of Expenses. The Company shall as promptly as practicable, reimburse the Assignor for the Assignor's actual out-of-pocket costs
reasonably incurred with respect to Assignor's acquisition and maintenance of the Assigned Assets.


 






    	 	D-3	 



     


    

 


5. Miscellaneous.


 


 (a) Governing Law. The validity,
interpretation, construction and performance of this Agreement, and all acts and transactions pursuant hereto and the rights and obligations
of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the state of Delaware, without giving
effect to principles of conflicts of law.


 


 (b) Entire Agreement. This
Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and supersedes all prior
or contemporaneous discussions, understandings and agreements, whether oral or written, between them relating to the subject matter hereof.


 


 (c) Amendments and Waivers.
No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing
signed by the parties to this Agreement. No delay or failure to require performance of any provision of this Agreement shall constitute
a waiver of that provision as to that or any other instance.


 


 (d) Successors and Assigns.
Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder, will be binding
upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. The
Company may assign any of its rights and obligations under this Agreement. No other party to this Agreement may assign, whether voluntarily
or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the Company.


 


 (e) Notices. Any notice, demand
or request required to be given under this Agreement shall be in writing and shall be deemed sufficient when delivered personally or by
overnight courier or sent by email, or 48 hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid,
addressed to the party to be notified at such party's address as set forth on the signature page, as subsequently modified by written
notice, or if no address is specified on the signature page, at the most recent address set forth in the Company's books and records.


 


(f) Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision
in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i)
such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted as if such provision were
so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.


 


 (g) Construction. This Agreement
is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, if any; accordingly,
this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against
any one of the parties hereto.


 


 (h) Counterparts. This Agreement
may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and all of which
together shall constitute one and the same agreement. Execution of a facsimile copy will have the same force and effect as execution of
an original, and a facsimile signature will be deemed an original and valid signature.


 


[Signature Page Follows]


 




    	 	D-4	 



     


    

 


IN WITNESS WHEREOF, the undersigned have executed
this Agreement effective as of the date and year first above written.


 


	Dated:	ASSIGNOR:
	 	
	 	[PURCHASER NAME]
	 	
	 	(Signature)
	 	 	 
	 	Address:	 
	 	
	 	
	 	United States
	 	Email:	 
	 	
	 	 
	 	 
	 	Spouse of Assignor (if applicable)
	 	 
		THE COMPANY:
	 	 	 
		SEZZLE INC.
	 	 	 
	 	 	 
		By:	
	 		(Signature)
	 	 	 
		Name:	 
		Title:	 
	 	 	 
		Address:	 
	 	
	 	
		United States


 




    	 	D-5	 



     


    

 


EXHIBIT E


 


FORM OF PATENT
ASSIGNMENT


 


(See Attached)


 




    	 	F-1	 



     


    

 


ANNEX I


 


Rule 506(d)(1)(i)
to (viii) under the Securities Act of 1933, as amended


 


(i) Has been convicted, within ten years before such sale (or five
years, in the case of issuers, their predecessors and affiliated issuers), of any felony or misdemeanor:


 


(A) In connection with the purchase or sale of
any security;


(B) Involving the making of any false filing with
the Commission; or


(C) Arising out of the conduct of the business
of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;


 


(ii) Is subject to any order, judgment or decree of any court of competent
jurisdiction, entered within five years before such sale, that, at the time of such sale, restrains or enjoins such person from engaging
or continuing to engage in any conduct or practice:


 


(A) In connection with the purchase or sale of
any security;


(B) Involving the making of any false filing with
the Commission; or


(C) Arising out of the conduct of the business
of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;


 


(iii) Is subject to a final order of a state securities commission
(or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations,
or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal
banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:


 


(A) At the time of such sale, bars the person from:


(1) Association with an entity regulated by such
commission, authority, agency, or officer;


(2) Engaging in the business of securities, insurance
or banking; or


(3) Engaging in savings association or credit union
activities; or


(B) Constitutes a final order based on
a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct entered within ten years before such
sale;


 


(iv) Is subject to an order of the Commission entered pursuant to section
15(b) or 15B(c) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(b) or 78o-4(c)) or section 203(e) or (f) of the Investment Advisers
Act of 1940 (15 U.S.C. 80b-3(e) or (f)) that, at the time of such sale:


 


(A) Suspends or revokes such person's registration
as a broker, dealer, municipal securities dealer or investment adviser;


(B) Places limitations on the activities, functions
or operations of such person; or


(C) Bars such person from being associated
with any entity or from participating in the offering of any penny stock;


 


(v) Is subject to any order of the Commission entered within five years
before such sale that, at the time of such sale, orders the person to cease and desist from committing or causing a violation or future
violation of:


 


(A) Any scienter-based anti-fraud provision
of the federal securities laws, including without limitation section 17(a)(1) of the Securities Act of 1933 (15 U.S.C. 77q(a)(1)), section
10(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78j(b)) and 17 CFR 240.10b-5, section 15(c)(1) of the Securities Exchange Act
of 1934 (15 U.S.C. 78o(c)(1)) and section 206(1) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-6(1)), or any other rule or regulation
thereunder; or


(B) Section 5 of the Securities Act of 1933 (15
U.S.C. 77e).


 


(vi) Is suspended or expelled from membership in, or suspended or barred
from association with a member of, a registered national securities exchange or a registered national or affiliated securities association
for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade;


 


(vii) Has filed (as a registrant or issuer), or was or was named as
an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before
such sale, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, at the time of such
sale, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued; or


 


(viii) Is subject to a United States Postal Service false representation
order entered within five years before such sale, or is, at the time of such sale, subject to a temporary restraining order or preliminary
injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or
property through the mail by means of false representations.


 




    	 	F-2	 



     


    

 


RECEIPT


 


Sezzle Inc., a Delaware corporation (the “Company”),
hereby acknowledges receipt of:


 


 ______ A check in the amount of $  


 


______ The
assignment of certain intellectual property and/or other assets having an aggregate 

value equal to $______________


 


given by ______________________ as consideration for _____________
shares of common Stock of the Company recorded on the books of the Company as Certificate No. ___________.


 


PAn agreement
to repay the company the purchase price upon the sale of these securities.


 


	Dated:	THE COMPANY:
	 	 	 
	 	SEZZLE INC.
	 	 	 
	 	 	 
	 	By:	      
	 	 	(Signature)
	 	Name:	 
	 	Title:	 


 




    	 	F-3	 



     


    

 


Receipt and
Consent


 


The undersigned hereby acknowledges issuance of
3,000,000 shares of Common Stock of Sezzle Inc., a Delaware corporation (the “Company”).


 


The undersigned further acknowledges that the Secretary
of the Company, or his or her designee, is acting as escrow holder pursuant to the Common Stock Purchase Agreement that Purchaser has
previously entered into with the Company. As escrow holder, the Secretary of the Company, or his or her designee, holds the original of
the aforementioned shares issued in the undersigned's name.


 


	Dated:  12/26/2017	PURCHASER:
	 	 	 
	 	
	 	(PRINT NAME)
	 	 	 
	 	By:	
	 	 	(Signature)
	 	Name:	
	 	Title:	
	 	 	 
	 	Address:	 
	 	 	 
	 	Email:  	 
	 	
	 	Spouse of Purchaser (if applicable)


 


 


F-4