# EDGAR Filing Document

**Accession Number:** 0001812727
**File Stem:** 0001493152-26-003142
**Filing Date:** 2026-1
**Character Count:** 28710
**Document Hash:** 62caf2b5e1e507b7bd81bacaff679a59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-003142.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001493152-26-003142

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260115

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Reliance Global Group, Inc.
- **CENTRAL INDEX KEY:** 0001812727
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 463390293
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40020
- **FILM NUMBER:** 26549056

**BUSINESS ADDRESS:**
- **STREET 1:** 300 BOULEVARD OF THE AMERICAS,
- **STREET 2:** SUITE 105
- **CITY:** LAKEWOOD
- **STATE:** NJ
- **ZIP:** 08701
- **BUSINESS PHONE:** 732-780-4647

**MAIL ADDRESS:**
- **STREET 1:** 300 BOULEVARD OF THE AMERICAS,
- **STREET 2:** SUITE 105
- **CITY:** LAKEWOOD
- **STATE:** NJ
- **ZIP:** 08701

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): **<u>January 15, 2026</u>**

**RELIANCE GLOBAL GROUP, INC.**

(Exact Name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **Florida** | **001-40020** | **46-3390293** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission <br> File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **300 Blvd. of the Americas, Suite 105<br> Lakewood, New Jersey** | **08701** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**<u>(732) 380-4600</u>**

(Registrant's Telephone Number, Including Area Code)

**<u>N/A</u>**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.086 per share | RELI | The NASDAQ Capital Market |
| Series A Warrants to purchase shares of Common Stock, par value $0.086 per share | RELIW | The NASDAQ Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

---

On January 15, 2026, Reliance Global Group, Inc. (the "Company") entered into a secured convertible promissory note (the "Note") with Enquantum Ltd. ("Enquantum") pursuant to which the Company advanced to Enquantum $166,000 (the "Principal Amount"). The Note bears interest at 1% per annum, with default interest at the greater of 10% per annum or the maximum allowable under applicable usury laws of the State of Florida.

The Note provides that, if the parties execute definitive agreements for a contemplated strategic transaction within 30 calendar days from the date of the Note, then the indebtedness under the Note will be satisfied solely by a credit (setoff) against certain milestone-related payments that would otherwise be payable by the Company in connection with such contemplated transaction, such that 50% of the indebtedness is credited against the first such payment and the remaining 50% is credited against the second such payment. If definitive agreements are not executed within such 30-day period (unless extended by mutual written consent), then the indebtedness becomes payable in cash within 60 days from the end of the exclusivity period (as defined in the Note).

As security for the obligations under the Note, Enquantum granted the Company a first-ranking floating charge over substantially all of Enquantum's present and future assets (including intellectual property), subject to specified permitted liens, and agreed to certain negative pledge and restriction on disposals provisions. The Note contains customary representations, covenants, and events of default, and provides for the Company's reimbursement of reasonable attorneys' fees and costs associated with enforcement.

The Note was issued in connection with a non-binding term sheet between the Company and Enquantum regarding a potential strategic transaction. The term sheet reflects certain preliminary terms under discussion, and any transaction remains subject to, among other things, negotiation and execution of definitive agreements and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into definitive agreements or consummate any transaction.

The foregoing summary is qualified in its entirety by reference to the Note, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Promissory Note, entered into between the Company and Enquantum Ltd. Dated January 15, 2026](ex10-1.htm) |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Reliance Global Group, Inc.** | **Reliance Global Group, Inc.** |
| Dated: January 21, 2026 | By: | */s/ Ezra Beyman* |
|  |  | Ezra Beyman |
|  |  | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**SECURED PROMISSORY NOTE**

This Secured Promissory Note (this **"Note"**) is made and executed on this 15<sup>th</sup>th day of January, **2026** (the **"Effective Date"**) by Enquantum Ltd., an Israeli corporation (Company No. 516326114 (the **"Company"** or **"Maker"**), in favor for Reliance Global Group Inc., a Florida corporation ("**Lender**" or "**Holder**") listed on the Nasdaq Stock Market ("Nasdaq").

This Secured Promissory Note is made in connection with that certain non - binding term sheet dated January 7, 2026, by and between Lender and the Company (the "**Term Sheet**") in connection with a contemplated investment transaction of Lender in the Company (the "**Investment Transaction**") pursuant to which, among other things, Lender will make certain installment payments as provided in the Milestone Schedule attached as Exhibit A to the Term Sheet (each an "**milestone installment payment**" and together the "**milestone installment payments**").

In order to secure the Advance Amount (as defined below) to be paid by Lender to the Company concurrent with the execution of this Note and prior to the execution of the definitive agreements contemplated under the Term Sheet (the "**Definitive Agreements**"), the Company hereby irrevocably, unconditionally, and absolutely promises to pay the Lender the principal amount of USD **[166,000]** (the "**Advance Amount**", or **"Principal"**), together with interest and other amounts as set forth herein, and grants security as set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>Definitions</u>** 

1.1 **"Business Day"** means a day on which banks in Tel Aviv and NY are open for general business.

1.2 **"Debt"** means the Principal, interest, default interest, fees, costs, expenses, indemnities, and
 any other amounts payable by the Company to the Lender under or in connection with this Note.

1.3 **"Security"** means the fixed and floating charge (and any pledge, assignment, lien or security interest)
 created pursuant to Clause 6 (Security).

1.4 **"Enforcement"** includes any action to realize Security, appoint a receiver, foreclose, set-off, or otherwise
 collect the Debt.

1.5 **"Alternative Transaction"** means any transaction or series of related transactions (whether by
 merger, share sale, asset sale, license, joint venture, financing, issuance of equity or
 debt securities (including convertible securities), recapitalization or otherwise) involving
 (i) the acquisition of any equity interests in the Company, (ii) the acquisition of all or
 any material portion of the Company's assets or business, or (iii) any investment in
 or financing of the Company, in each case that is the same as, similar to, or competitive
 with the Investment Transaction.

1.6 **"Exclusivity Period"** means the period beginning on the Effective Date and ending on the earliest
 of (i) execution of the Definitive Agreements, (ii) delivery of an Abandonment Notice, or
 (iii) expiration of the Signing Deadline (as may be extended by mutual written consent).

1.7 **"Representatives"** means, with respect to any Person, such Person's directors, officers, employees, agents,
 attorneys, accountants, financial advisors and other representatives.

2.  **<u>Promise to Pay.</u>** The Company promises to pay the Lender the Principal in US Dollars, in immediately
 available funds, without set-off, counterclaim or deduction, except as required by mandatory
 applicable law (and in such case the Company shall gross-up to ensure the Lender receives
 the amount it would have received absent such deduction, to the extent permitted by law).

&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Interest</u>** 

3.1 Interest
 shall accrue on the outstanding Principal at the rate of 1 % per annum, calculated on the
 basis of a 365-day year and the actual number of days elapsed.

3.2 <u>Payment of Interest</u>: Interest shall be payable on Maturity Date.

3.3 <u>Default Interest</u>: Upon an Event of Default (defined below), and without prejudice to any other
 rights, default interest shall accrue on all overdue amounts at an interest rate equal to
 the greater of 10% per annum (or 9% above the Interest Rate), or the maximum allowable under
 applicable usury laws in the State of Florida, from the due date until payment in full.

4.  **<u>Maturity and Repayment</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Maturity Date:</u> The Debt shall be due and payable in full in the following manner: (i) if the Definitive
 Agreements are executed by the parties to the Investment Transaction within thirty (30) calendar
 days from the date of this Note (the "Signing Deadline"), then, effective upon
 such execution, the Debt shall be deemed satisfied solely by a credit (setoff) applied against
 the milestone installment payments to be made by Lender pursuant to the Term Sheet as follows:
 fifty percent (50%) of the Debt shall be credited against the first milestone installment
 payment, and the remaining fifty percent (50%) of the Debt shall be credited against the
 second milestone installment payment (and the Company shall have no obligation to make any
 cash payment in respect of the Debt, and Lender shall have no obligation to fund such credited
 portions of such milestone installment payments), and (ii) if the Definitive Agreements are
 not executed on or prior to the Signing Deadline and such period is not otherwise extended
 by mutual written consent of the parties, then the Debt shall be paid in cash within sixty
 (60) days from the from the end of the Exclusivity Period (the "Maturity Date").
 For the avoidance of doubt, once the Debt is credited pursuant to clause (i), such credit
 is irrevocable and shall not be reversed by any subsequent termination of the Definitive
 Agreements, except as expressly set forth in such Definitive Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Prepayment:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;4.2.1 **No Voluntary Prepayment During Exclusivity Period.** Except
 as expressly permitted in Section 4.2(b), the Company shall not have any right to prepay
 (or repay prior to the Maturity Date) any portion of the Debt..

4.2.2 **Permitted Prepayment Upon Abandonment / Failure to Execute Definitive Agreements.** If
 (i) the Company delivers written notice to Lender that it has elected not to pursue the Investment
 Transaction contemplated by the Term Sheet (an "Abandonment Notice"), or (ii)
 the Definitive Agreements have not been executed within thirty (30) calendar days from the
 date of this Note (unless such period is extended by mutual written consent of the parties),
 then, in either case, the Company may repay the Debt in full (and not in part) upon at least
 [5] Business Days' prior written notice to Lender.

4.2.3 **Setoff Mechanics; Application**. For the avoidance of doubt, if the Definitive Agreements are
 executed on or prior to the Signing Deadline, the parties agree that the Debt shall be treated
 as provided in Section 4.1 and shall be set off against (and credited against) the milestone
 installment payments under the Term Sheet in the amounts and order set forth in Section 4.1(i).
 Any such setoff shall be applied first to accrued and unpaid interest (if any) and then to
 Principal.

&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>Security Floating Charge Over All Assets</u>** 

<u>Grant of Security</u>: As continuing security for the punctual and full payment and discharge of the Debt, the Company hereby creates, grants and charges in favor of the Lender:

1) first-ranking floating charge over all the Company's present and future assets of every kind whatsoever, as a continuing security interest, in each case, wherever located, whether now owned or acquired in the future, including without limitation (the "**Secured Assets**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all
 real property interests (if any) and rights therein;

b) all
 movable property (equipment, machinery, inventory, furniture, vehicles, chattels);

c) all
 bank accounts, deposits, cash, securities and financial assets;

d) all
 receivables, book debts, claims, contractual rights, payment rights and proceeds;

e) all
 intellectual property (including patents, trademarks, copyrights, designs, domain names,
 now-how, trade secrets and goodwill) and all rights to sue for infringement;

f) all
 investments, shares, partnership interests and other securities owned by the Company;

g) all
 permits, licenses, authorizations, and rights (to the extent transferable and capable of
 being charged);

h) all
 insurance policies and proceeds (to the extent assignable/chargeable); and

i) all
 proceeds, substitutions, replacements and additions relating to any of the foregoing.

<u>Continuing Security</u>: The Security is a continuing security and extends to all amounts that may become due from time to time, notwithstanding intermediate payment or satisfaction.

<u>Negative Pledge:</u> Until irrevocable payment in full of the Debt, the Company shall not create or permit to exist any lien, charge, pledge, security interest or encumbrance over any of its assets other than Permitted Liens.

For purposes herein, **"Permitted Liens" means:**

i) liens arising by operation of law in the ordinary course of business not yet overdue or being contested in good faith;

ii) purchase money security interests or finance leases over specific assets, up to an aggregate amount of ILS80,000;

iii) bank charges over specific deposit accounts in favor of the account bank in the ordinary course, provided no default exists;

iv) any other lien expressly approved in writing by the Lender.

&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Restrictions on Disposals</u>: The Company shall not sell, transfer, assign or otherwise dispose of all
 or substantially all of its assets, or any material part thereof, other than in the ordinary
 course of business, without the prior written consent of the Lender.

5.2 <u>Perfection and Registration</u>: The Company shall, at its cost, within 10 Business Days after the date
 hereof (or such shorter period as may be required under applicable law to preserve priority)
 execute all documents and take all actions reasonably required by the Lender to perfect and
 register the Security with the Israeli Registrar of Companies (and, to the extent applicable,
 any other relevant registry, including the Registrar of Pledges), and shall deliver to the
 Lender evidence of such registrations acceptable to the Lender including a copy of the filed
 form(s) and the Registrar's confirmation of registration. The Company shall ensure
 that any filing made with the Israeli Registrar of Companies in connection with the Security
 includes notice of the negative pledge set forth in Section 5.3.

&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Power of Attorney</u>: The Company hereby irrevocably appoints the Lender (and any person nominated
 by the Lender) as its attorney-in-fact, with power (upon an Event of Default, or where required
 to perfect/maintain the Security) to execute and deliver documents, effect filings and registrations,
 and take other actions required to create, perfect, maintain or enforce the Security. This
 power is granted as a power coupled with an interest (to the extent recognized under Israeli
 law) and shall be irrevocable until payment in full of the Debt.

5.4 <u>Crystallization</u>.
 Upon the occurrence and continuance of an Event of Default (and without limiting any other
 rights of the Lender), the floating charge created hereby shall, to the fullest extent permitted
 under applicable Israeli law, crystallize and become a fixed charge over the Secured Assets
 then subject thereto, and the Company shall no longer be entitled to deal with the Secured
 Assets other than as expressly permitted by the Lender in writing.

6.  **<u>Representations and Warranties</u>** 

The Company represents and warrants to the Lender that, as of the Effective Date and as of each payment date:

&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>Status and Authority</u>: The Company is duly incorporated and validly existing, and has full corporate
 power and authority to execute and perform this Note.

6.2 <u>Authorization:</u> All corporate actions required to authorize execution, delivery and performance have been
 taken.

6.3 <u>Binding Obligations</u>: This Note constitutes legal, valid and binding obligations of the Company,
 enforceable against it in accordance with its terms, subject to insolvency laws and equitable
 principles.

6.4 <u>Title:</u> The Company has good title to its assets, free from liens other than the Permitted Liens
 and, other than Permitted Liens, no Person has any right to acquire any lien over the Secured
 Assets that would be senior to the Security.

6.5 <u>No Conflicts:</u> Execution and performance do not violate the Company's constitutional
 documents, any law, or any material agreement binding on the Company.

6.6 <u>Information:</u> All information provided to the Lender in connection with this Note is, to the Company's
 knowledge, true and not misleading in any material respect.

6.7 <u>Priority; First-Ranking Security.</u> Upon registration of the Security with the Israeli Registrar
 of Companies (and, to the extent applicable, any other relevant registry), the Security will
 constitute a valid, perfected and enforceable security interest in the Secured Assets and
 will rank first in priority over all other liens and encumbrances, other than Permitted Liens,
 and the Company has not taken (and will not take) any action that would reasonably be expected
 to prejudice such priority.

6.8 <u>No Other Security Interests.</u> Other than the Permitted Liens, no lien, charge, pledge, security
 interest or encumbrance exists over any of the Secured Assets, and the Company is not in
 breach of any negative pledge or similar restriction that would prohibit or impair the creation
 or perfection of the Security.

&nbsp;&nbsp;&nbsp;&nbsp;6.9 <u>Registration Matters.</u> All information required to be provided by the Company for purposes of registering
 the Security is true, complete and correct in all material respects, and the Company has
 not received notice of any existing or threatened challenge to the validity, perfection or
 priority of the Security.

&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Exclusivity; No-Shop (Term Sheet).</u> 

&nbsp;&nbsp;&nbsp;&nbsp;7.1 **Incorporation of Term Sheet Exclusivity.** The Company acknowledges that the Note is being entered into
 in reliance on the Company's exclusivity and no-shop obligations under the Term Sheet.
 During the Exclusivity Period, the Company shall comply in all respects with the exclusivity/no-shop
 provisions of the Term Sheet, which provisions are hereby incorporated by reference into
 this Note for purposes of enforcement as a covenant hereunder.

7.2 **No Solicitation; No Discussions.** During the Exclusivity Period, the Company shall not, and
 shall cause its Representatives not to, directly or indirectly: (i) solicit, initiate or
 knowingly encourage any inquiry, proposal or offer that constitutes, or would reasonably
 be expected to lead to, an Alternative Transaction; (ii) furnish or make available non-public
 information relating to the Company or its business to any Person in connection with an Alternative
 Transaction; (iii) participate in, continue or engage in discussions or negotiations with
 any Person regarding an Alternative Transaction; or (iv) enter into any agreement, arrangement
 or understanding (whether binding or non-binding) relating to an Alternative Transaction.

7.3 **Notice.** The Company shall promptly (and in any event within one (1) Business Day) notify the Lender
 in writing of (i) any inquiry, proposal or offer relating to an Alternative Transaction received
 by the Company or any of its Representatives, and (ii) any request for information or discussions
 that could reasonably be expected to relate to an Alternative Transaction, and in each case
 shall provide reasonable detail (including the identity of the Person making such inquiry,
 proposal or offer).

7.4 **No "Work-Around" Actions.** During the Exclusivity Period, the Company shall not
 take any action intended to circumvent the restrictions in this Section, including by structuring,
 labeling or characterizing a transaction as a commercial collaboration, license, distribution
 arrangement, joint venture or other relationship if, in substance, it constitutes or would
 reasonably be expected to lead to an Alternative Transaction.

7.5 **Specific Performance.** The Company agrees that a breach of this Section would cause irreparable
 harm for which monetary damages may be inadequate, and that the Lender shall be entitled
 to equitable relief (including injunctive relief and specific performance) in addition to
 any other remedies available at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;8.  **<u>Events of Default</u>** 

8.1 Each
 of the following is an "Event of Default":

8.2 <u>Non-Payment</u>:
 failure to pay any amount when due under this Note, and such failure continues for 5 Business
 Days;

8.3 <u>Breach</u>:
 breach of any covenant, representation or obligation under this Note, and (if capable of
 remedy) not remedied within [15] days after notice;

8.4 <u>Insolvency</u>:
 the Company becomes insolvent, admits inability to pay debts, ceases or threatens to cease
 to carry on business, or takes any step toward liquidation, dissolution, or similar proceeding;

8.5 <u>Proceedings:</u> commencement of receivership, insolvency, rehabilitation, winding-up, liquidation, or similar
 proceedings against the Company, or appointment of a receiver, trustee, liquidator or similar
 office-holder and such actions are not dismissed within 60 days.

&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Attachment/Execution</u>:
 any material attachment, execution, distraint or similar process is levied against any material
 asset and is not discharged within [60] days;

8.7 <u>Invalidity</u>:
 this Note or the Security ceases to be in full force and effect or is challenged in a material
 way.

&nbsp;&nbsp;&nbsp;&nbsp;8.8 <u>Failure to Perfect</u>. The Company fails to file the Security as required by Section 5.5 within
 10 Business Days after the date hereof.

9.  **<u>Remedies; Enforcement</u>** 

9.1 <u>Acceleration</u> **:** Upon an Event of Default, the Lender may declare all amounts under this Note immediately
 due and payable.

9.2 <u>Enforcement of Security</u> **:** Upon an Event of Default, the Lender may enforce the Security in
 any manner permitted by law, including (to the extent permitted) appointing a receiver and/or
 taking possession of and realizing charged assets.

9.3 <u>Cumulative Rights</u> **:** The rights and remedies of the Lender are cumulative and not exclusive.

&nbsp;&nbsp;&nbsp;&nbsp;10.  **<u>Costs and Expenses; Indemnity.</u>** The Company shall indemnify and reimburse the Lender, upon
 demand, against losses, liabilities and claims arising out of enforcement or attempted enforcement,
 including payment of reasonable attorney's fees associated with the enforcement of
 this Note, except to the extent finally determined by a court of competent jurisdiction to
 result from the Lender's gross negligence or willful misconduct.

11.  **<u>Assignment.</u>** The Lender may assign, transfer or otherwise dispose of its rights under this Note and the
 Security to any person. The Company may not assign its rights or obligations without the
 Lender's prior written consent.

12.  **<u>Notices.</u>** all notices shall be in writing and delivered by hand, courier, registered mail, or email
 (with confirmation), to the addresses set forth above (or to such other address notified).
 Notice by email shall be deemed received on the Business Day of transmission if sent before
 17:00 EST time, otherwise on the next Business Day.

13.  **<u>Governing Law and Jurisdiction.</u>** This Note and any non-contractual obligations arising out of
 or in connection with it shall be governed by the laws of the State of Israel. The competent
 courts in Tel Aviv-Yafo shall have exclusive jurisdiction, and the Company irrevocably submits
 to such jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;14.  **<u>Miscellaneous</u>** 

14.1 No
 amendment or waiver shall be effective unless in writing signed by the Lender (and by the
 Company where applicable).

14.2 <u>Severability:</u> If
 any provision is invalid, the remainder shall remain in full force.

14.3 <u>Entire Agreement:</u> This Note, together with the Term Sheet solely to the extent expressly incorporated
 by reference herein, constitutes the entire agreement between the parties with respect to
 the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements,
 representations and warranties, both written and oral, with respect to such subject matter.
 For the avoidance of doubt, except for those provisions of the Term Sheet that are expressly
 incorporated by reference into this Note (including the exclusivity/no-shop provisions and
 the milestone installment payment mechanics referenced herein), the Term Sheet remains non-binding
 and is not intended to create binding obligations of the parties.

*[Intentionally left blank; signature page follows]*

 

 

IN WITNESS WHEREOF the parties have signed this Secure Prommisory Note as of the date first hereinabove set forth.

---

| | |
|:---|:---|
| **MAKE:** | **MAKE:** |
| ENQUANTUM LTD | ENQUANTUM LTD |
| Name: | Roman Vercetti |
| Title: | CEO |
| Signature: | */s/ Roman Vercetti* |
| Date: | 1/15/2026 |

---

---

| | |
|:---|:---|
| **HOLDER:** |  |
| RELIANCE GLOBAL GROUP INC. | RELIANCE GLOBAL GROUP INC. |
| Name: | Ezra Beyman |
| Title: | Chairman, CEO |
| Signature: | */s/ Ezra Beyman* |
| Date: | 1/15/2026 |

---

*[Enquantum Secured Promissory Note signature]*