# EDGAR Filing Document

**Accession Number:** 0000924396
**File Stem:** 0001493152-25-014548
**Filing Date:** 2025-9
**Character Count:** 33715
**Document Hash:** 599166b30a07f4ae574e1a4110393271
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-014548.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001493152-25-014548

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250917

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Crisp Momentum Inc.
- **CENTRAL INDEX KEY:** 0000924396
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 043021770
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-24520
- **FILM NUMBER:** 251331743

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 PALM BEACH LAKES BLVD
- **STREET 2:** SUITE 820
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 305-351-9195

**MAIL ADDRESS:**
- **STREET 1:** 1700 PALM BEACH LAKES BLVD
- **STREET 2:** SUITE 820
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OpenLocker Holdings, Inc.
- **DATE OF NAME CHANGE:** 20221206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Descrypto Holdings, Inc.
- **DATE OF NAME CHANGE:** 20220203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** W Technologies, Inc.
- **DATE OF NAME CHANGE:** 20071130

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

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 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>September 17, 2025</u>

**Crisp Momentum Inc.**

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>000-24520</u> <u>04-3021770</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

<u>1700 Palm Beach Lakes Blvd., Suite 820 West Palm Beach, FL</u> <u>33401</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: <u>(305)</u> 351-9195

(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 (*see* General Instruction A.2. below):

☐ 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** |
| N/A | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 September 17, 2025, Crisp Momentum Inc. (the "Company") entered into a convertible loan agreement (the "Agreement") with Banji Step K.K., a Japanese company (the "Borrower") and Motoko Yorozu, a Japanese citizen (the "Guarantor"), pursuant to which the Company agreed to provide loan financing to the Borrower in the principal amount of $2,900,000 (the "Loan"). Under the Agreement, the Company will deposit the Loan proceeds into an escrow account, with fees to be shared equally by the Company and the Borrower. Upon receipt of joint written instructions from the Company and the Borrower, the Loan proceeds will be released to the Borrower (such release date, the "Funding Date"). The Loan bears interest at a rate of 6.0% per annum and matures twelve months from the Funding Date (the "Maturity Date").

Pursuant to the terms of the Agreement, the Loan is convertible into 100% of the issued and outstanding equity interests of the Borrower upon the satisfaction of certain agreed conditions precedent, including, among others: (i) completion of a financial audit of the Borrower by an internationally recognized accounting firm; (ii) an independent business appraisal confirming a fair market value of the Borrower of not less than $2,900,000; (iii) comprehensive legal due diligence on the Borrower and its subsidiaries; (iv) the receipt of any required regulatory approvals; (v) no material adverse change since the effective date of the Agreement; (vi) accuracy of representations and warranties; (vii) execution of all transaction documents; and (viii) satisfactory due diligence on all subsidiaries.

The Loan is secured by all of the shares in the Borrower, which are 100% owned by the Guarantor. If the conditions precedent set forth in the Agreement are not satisfied and the Loan does not convert into equity, the full principal and interest will be due on the Maturity Date. The Borrower may prepay the Loan at any time without penalty upon thirty days' prior written notice to the Company. Under the Agreement, the Guarantor has unconditionally guaranteed all obligations of the Borrower until conversion or full repayment of the Loan.

The Agreement contains representations, warranties and covenants of the Company and the Borrower that are customary for a transaction of this nature. The Agreement also contains indemnification obligations of the parties thereto.

The foregoing description of the Agreement does not purport to be complete and is subject to and qualified in its entirety by the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.

**Item 9.01 Financial Statements and Exhibits.**

*(d) Exhibits.*

---

| | |
|:---|:---|
| Exhibit<br> Number | Description |
| 10.1 | [Convertible Note Agreement, dated as of September 17, 2025, by and between Crisp Momentum Inc., Banji Step K.K and Motoko Yorozu.\*](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant hereby undertakes to furnish supplemental copies of any of the omitted schedules or exhibits upon request by the SEC.

**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.

---

| | | |
|:---|:---|:---|
|  | **Crisp Momentum Inc.** | **Crisp Momentum Inc.** |
| Dated: September 23, 2025 | By: | */s/ Renger van den Heuvel* |
|  | Name: | Renger van den Heuvel |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**CONVERTIBLE LOAN AGREEMENT**

THIS CONVERTIBLE LOAN AGREEMENT (this "**Agreement**") is made and entered into as of September 17, 2025 (the "**Effective Date**"), by and between:

**Crisp Momentum Inc**., a Delaware corporation, having its principal place of business at 250 Park Avenue, 7th Floor, New York, NY 10177, United States ("**Lender**");

**Banji Step K.K.**, a Japanese company, having its registered office at 3F CB Tower Makuhari Technogarden, 1-3 Nakase, Mihama-ku, Chiba-shi, Chiba, 261-0023 Japan ("**Borrower**"); and

**Motoko Yorozu**, a Japanese citizen, having her residence at [ ] ("**Guarantor**").

**RECITALS**

**WHEREAS**, Guarantor is the sole shareholder of Borrower, owning 100% of the issued and outstanding shares of Borrower;

**WHEREAS**, Borrower intends to use the proceeds of the Loan to acquire and consolidate the subsidiaries and material assets set forth in Annex A and Annex B hereto (the "**Target Assets**");

**WHEREAS**, Lender desires to acquire 100% of the issued and outstanding shares of Borrower from Guarantor;

**WHEREAS**, Lender is willing to provide loan financing to Borrower in the principal amount of USD $2,900,000;

**WHEREAS**, Borrower desires to receive such financing from Lender;

**WHEREAS**, Guarantor is willing to guarantee Borrower's obligations under the loan and pledge her 100% shareholding in Borrower as security;

**WHEREAS**, the parties wish to structure this transaction so that the loan will convert into 100% ownership of Borrower by Lender upon satisfaction of certain conditions precedent; and

**WHEREAS**, if such conditions precedent are not satisfied, the financing shall remain as a loan obligation of Borrower to Lender, guaranteed by Guarantor.

**NOW, THEREFORE**, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. **DEFINITIONS** 

For purposes of this Agreement, the following terms shall have the meanings set forth below:

"Banji Step Group" means, following completion of the Target Asset acquisitions, Borrower and its acquired Subsidiaries, collectively.

"Business Day" means any day that is not a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to remain closed.

"Conditions Precedent" has the meaning set forth in Section 4.

"Conversion" means the conversion of the Loan into 100% ownership of Borrower by Lender pursuant to Section 5.

"Conversion Date" means the date on which all Conditions Precedent have been satisfied or waived by Lender.

"Escrow Agent" means Balex AG, a Swiss law firm located at Gerbergasse 48, 4001 Basel, Switzerland, or such other escrow agent as the parties may mutually agree in writing.

"Escrow Account" means the escrow account established with Escrow Agent pursuant to Section 3.

"Funding Date" means the date on which the Principal Amount is released from the Escrow Account to Borrower.

"Loan" has the meaning set forth in Section 2.1.

"Material Assets" means the target assets that Borrower intends to acquire using Loan proceeds, as set forth in Annex A attached hereto.

"Maturity Date" means the date that is twelve (12) months from the Funding Date, subject to extension as provided herein.

"Principal Amount" means USD $2,900,000.

"Subsidiaries" means (i) any subsidiary companies currently owned by Borrower, and (ii) the target subsidiary companies that Borrower intends to acquire using Loan proceeds, as set forth in Annex B attached hereto.

"Target Assets" means the subsidiaries and material assets set forth in Annex A and Annex B that Borrower intends to acquire using the proceeds of the Loan.

"Target Group" means the Target Assets and target subsidiaries that Borrower intends to acquire and consolidate using the Loan proceeds.

2. **THE LOAN**

2.1 Subject
 to the terms and conditions of this Agreement, Lender agrees to provide to Borrower a loan
 in the Principal Amount (the "**Loan** ").

2.2 On
 or about September 12, 2025, Lender shall deposit the Principal Amount into the Escrow Account
 established with Escrow Agent.

2.3 The
 Escrow Agent shall hold the Principal Amount in escrow pending receipt of written instructions
 from both Lender and Borrower directing release of such funds to Borrower.

2.4 Upon
 receipt of joint written instructions from both Lender and Borrower, the Escrow Agent shall
 release the Principal Amount to Borrower, and such release shall constitute the Funding Date
 and effectiveness of the Loan.

&nbsp;&nbsp;&nbsp;&nbsp;2.5 From
 the Funding Date until conversion or repayment, the Loan shall bear interest at a rate of
 six percent (6%) per annum, calculated on the basis of actual days elapsed and a 365-day
 year.

2.6 The
 Loan shall be guaranteed by Guarantor pursuant to Section 7 hereof.

2.7 The
 Loan shall be secured by a pledge of 100% of Guarantor's shares in Borrower, which
 pledge shall be documented in a separate security and pledge agreement in form and substance
 reasonably satisfactory to Lender.

2.8 Use
 of Proceeds. Borrower shall use the proceeds of the Loan exclusively for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 acquisition of the Target Assets listed in Annex A and Annex B;

(b) Transaction
 costs and expenses related to such acquisitions; and

(c) Working
 capital requirements directly related to the integration of the Target Assets.

3. **ESCROW ARRANGEMENTS**

3.1 Contemporaneously
 with the execution of this Agreement, the parties and Escrow Agent shall enter into a separate
 escrow agreement governing the terms and conditions of the escrow arrangement.

3.2 The
 Escrow Agent shall release funds only upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Joint written instructions
from both Lender and Borrower directing release to Borrower; or

(b) Final court order
directing release.

&nbsp;&nbsp;&nbsp;&nbsp;3.3 All
 escrow fees and expenses shall be borne equally by Lender and Borrower.

4. **CONDITIONS PRECEDENT TO CONVERSION** 

The Conversion of the Loan shall be subject to the satisfaction or waiver by Lender, in its sole discretion, of the following conditions precedent (the "**Conditions Precedent**"):

&nbsp;&nbsp;&nbsp;&nbsp;4.1 Lender
 shall have received a complete financial audit of Borrower conducted by an internationally
 recognized accounting firm acceptable to Lender, covering the two (2) most recent fiscal
 years and any interim period through a date not more than ninety (90) days prior to the anticipated
 Conversion Date.

4.2 Lender
 shall have received an independent business appraisal of Borrower prepared by a qualified
 business valuation firm acceptable to Lender, confirming a fair market value of Borrower
 of not less than USD $2,900,000.

4.3 Lender
 shall have completed, to its satisfaction, comprehensive legal due diligence on Borrower,
 including without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Corporate
 organization, good standing, capitalization structure, and corporate records;

(b) Confirmation
 that Guarantor owns 100% of Borrower free and clear of all liens, encumbrances, and third-party
 rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Review
 of all material contracts, agreements, partnerships, and business relationships;

(d) Inventory
 and verification of all intellectual property rights, including trademarks, copyrights, patents,
 trade secrets, and licenses;

(e) Confirmation
 of compliance with all applicable laws, regulations, permits, and licenses;

(f) Review of employment agreements, benefit
plans, and labor compliance;

(g) Investigation
 of any pending or threatened litigation, arbitration, or regulatory proceedings;

(h) Review
 of financial statements, tax returns, and accounting records;

(i) Assessment
 of any environmental liabilities or compliance issues;

(j) Review
 of insurance coverage and claims history;

(k) Corporate
 organization, capitalization, and good standing of all Subsidiaries;

(l) Review
 of all Material Assets, including ownership verification, title documentation, and encumbrance
 searches;

(m) Review
 of all existing and proposed inter-company agreements and relationships within the Target
 Group;

(n) Verification
 of all intellectual property ownership and licenses held by Subsidiaries;

(o) Review
 of all material contracts and agreements of each Subsidiary;

(p) Confirmation
 of regulatory compliance of all Subsidiaries in their respective jurisdictions.

&nbsp;&nbsp;&nbsp;&nbsp;4.4 All
 necessary regulatory approvals, consents, notifications, and authorizations required for
 the acquisition of Borrower by Lender shall have been obtained, including but not limited
 to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any
 required filings or approvals under applicable merger control or antitrust laws;

(b) Any
 required approvals from governmental authorities in Japan or the United States;

(c) Any
 third-party consents required under Borrower's material agreements.

&nbsp;&nbsp;&nbsp;&nbsp;4.5 Since
 the Effective Date, there shall have been no material adverse change in Borrower's
 business, financial condition, results of operations, or prospects.

4.6 All
 representations and warranties of Borrower and Guarantor contained in this Agreement shall
 be true and correct in all material respects as of the Conversion Date.

4.7 All
 transaction documents contemplated by this Agreement shall have been executed and delivered,
 including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Share
 transfer forms and instruments transferring 100% of Borrower from Guarantor to Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Resignations
 of Borrower's directors and officers;

(c) Corporate
 resolutions of Guarantor and Borrower;

(d) Legal
 opinions as reasonably required by Lender.

&nbsp;&nbsp;&nbsp;&nbsp;4.8 Lender
 shall have a period of twelve (12) months from the Funding Date to complete due diligence
 and satisfy or waive the Conditions Precedent, which period may be extended by mutual written
 agreement of the parties.

4.9 Lender
 shall have completed satisfactory due diligence on each Target Subsidiary to be acquired,
 including financial, legal, and operational review equivalent to the due diligence conducted
 on Borrower.

4.10 Within
 six (6) months of the Funding Date, Borrower shall have successfully completed the acquisition
 of at least 80% of the Target Assets by value as determined by Lender, with the remaining
 Target Assets acquired within twelve (12) months of the Funding Date.

4.11 Borrower
 shall have executed definitive purchase agreements for all Target Assets in form and substance
 satisfactory to Lender.

4.12 Lender
 shall have completed satisfactory due diligence on all Target Assets equivalent to the due
 diligence contemplated for Borrower and its existing subsidiaries.

---

| | |
|:---|:---|
| 5 | **CONVERSION PROVISIONS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;5.1 Upon
 satisfaction or waiver of all Conditions Precedent, the Loan (including all accrued and unpaid
 interest) shall automatically convert into 100% ownership of Borrower by Lender.

5.2 Upon
 Conversion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Guarantor
 shall transfer to Lender 100% of the issued and outstanding shares of Borrower, free and
 clear of all liens and encumbrances, which transfer shall include indirect ownership of all
 acquired Target Assets constituting the Banji Step Group following completion of acquisitions;

(b) All
 of Guarantor's rights and interests in Borrower shall vest in Lender;

(c) The
 outstanding principal amount of the Loan and all accrued interest shall be deemed satisfied
 and discharged;

(d) Guarantor
 shall provide all necessary corporate resolutions, share certificates, and other documentation
 to effect the transfer;

(e) Lender
 shall be entitled to exercise all rights as the sole shareholder of Borrower;

(f) Lender
 shall acquire, through its ownership of Borrower, all rights, title, and interests in the
 Subsidiaries and Material Assets set forth in Annex A and Annex B.

&nbsp;&nbsp;&nbsp;&nbsp;5.3 Guarantor
 shall execute and deliver to Lender all documents reasonably necessary to transfer 100% ownership
 of Borrower, including but not limited to share transfer forms, stock certificates, corporate
 resolutions, and instruments of transfer.

---

| | |
|:---|:---|
| 6 | **LOAN TERMS (IF NO CONVERSION)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;6.1 If
 the Conditions Precedent are not satisfied or waived within the specified time period, the
 Loan shall remain outstanding and shall be repaid by Borrower as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Maturity: The entire outstanding principal balance and all accrued interest shall be due and payable on the Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prepayment: Borrower may prepay the Loan at any time without penalty upon thirty (30) days' prior written notice to Lender.

&nbsp;&nbsp;&nbsp;&nbsp;6.2 The
 following shall constitute events of default under the Loan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Borrower's
 failure to pay any amount due hereunder within thirty (30) days after written notice of such
 failure;

(b) Borrower's
 or Guarantor's material breach of any covenant, representation, or warranty contained
 herein, continuing for sixty (60) days after written notice;

(c) Borrower's
 or Guarantor's insolvency, bankruptcy, or assignment for the benefit of creditors;

(d) Any
 material adverse change in Borrower that impairs the value of Lender's security interest;

(e) Guarantor's
 sale, transfer, or encumbrance of Borrower shares without Lender's prior written consent;

(f) Any
 material adverse change in any Target Asset or acquired Subsidiary that materially impairs
 the value of Borrower or the Target Assets;

(g) Borrower's
 failure to complete acquisition of at least 80% of Target Assets by value within six (6)
 months of the Funding Date;

(h) Borrower's
 material breach of any acquisition agreement for Target Assets;

(i) Any
 Target Asset becoming unavailable for acquisition due to Borrower's action or inaction.

&nbsp;&nbsp;&nbsp;&nbsp;6.3 Upon
 any event of default, Lender may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Declare
 the entire outstanding balance immediately due and payable;

(b) Exercise
 all rights and remedies available under the security and pledge agreement;

(c) Foreclose
 on Borrower shares pledged by Guarantor;

(d) Pursue
 any other remedies available at law or in equity.

---

| | |
|:---|:---|
| 7 | **GUARANTEE** |

---

&nbsp;&nbsp;&nbsp;&nbsp;7.1 Guarantor
 hereby unconditionally guarantees the full and prompt payment when due of all obligations
 of Borrower under this Agreement, including the principal amount of the Loan, all accrued
 interest, and any other amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;7.2 This
 guarantee is absolute and unconditional and shall remain in full force and effect until the
 earlier of (i) Conversion or (ii) payment in full of all obligations under the Loan.

7.3 Guarantor
 waives any right to require Lender to proceed against Borrower or any collateral before enforcing
 this guarantee.

---

| | |
|:---|:---|
| 8 | **REPRESENTATIONS AND WARRANTIES** |

---

&nbsp;&nbsp;&nbsp;&nbsp;8.1 Borrower
 represents and warrants to Lender that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Borrower
 is a company duly organized, validly existing, and in good standing under Japanese law;

(b) Borrower
 has full corporate power and authority to execute and perform this Agreement;

(c) The
 execution and performance of this Agreement have been duly authorized by all necessary corporate
 action;

(d) This
 Agreement constitutes a legal, valid, and binding obligation of Borrower;

(e) Borrower
 is duly organized, validly existing, and in good standing under the laws of Japan;

(f) The
 financial statements of Borrower previously delivered to Lender are true, complete, and accurate
 in all material respects and fairly present Borrower's financial condition;

(g) Since
 the date of Borrower's most recent financial statements, there has been no material
 adverse change in Borrower's business, financial condition, or prospects;

(h) Borrower
 is in compliance with all applicable laws and regulations in all material respects;

(i) There
 are no pending or threatened legal proceedings against Borrower;

(j) Borrower
 has filed all required tax returns and paid all taxes due;

(k) Borrower
 has identified the Target Assets set forth in Annex A and Annex B and has obtained preliminary
 agreements or letters of intent for their acquisition;

(l) To
 Borrower's knowledge, each Target Subsidiary is duly organized, validly existing, and
 in good standing under the laws of its respective jurisdiction;

(m) Borrower
 has conducted preliminary due diligence on the Target Assets and believes they can be acquired
 on commercially reasonable terms;

(n) Borrower
 has sufficient corporate authority to complete the proposed acquisitions of the Target Assets;

(o) Borrower
 commits to conduct all future transactions and arrangements with acquired Target Assets on
 arm's length terms and ensure proper documentation;

(p) Except
 as disclosed in Annex B, no Subsidiary has any material liabilities, obligations, or commitments
 that are not reflected in the financial statements provided to Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) Each
 Subsidiary owns or has valid licenses to use all intellectual property rights necessary for
 the conduct of its business, as set forth in Annex A;

(r) Annex
 B contains a complete list of all material contracts and agreements of each Subsidiary, and
 no Subsidiary is in breach of any such material contract.

&nbsp;&nbsp;&nbsp;&nbsp;8.2 Guarantor
 represents and warrants to Lender that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Guarantor
 has full legal capacity to execute and perform this Agreement;

(b) The
 execution and performance of this Agreement have been duly authorized;

(c) This
 Agreement constitutes a legal, valid, and binding obligation of Guarantor;

(d) Guarantor
 is the sole legal and beneficial owner of 100% of the issued and outstanding shares of Borrower,
 free and clear of all liens, encumbrances, pledges, and third-party rights;

(e) Guarantor
 has good and marketable title to such shares and the full right, power and authority to pledge
 such shares as security for the Loan.

&nbsp;&nbsp;&nbsp;&nbsp;8.3 Lender
 represents and warrants to Borrower and Guarantor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Lender
 is a corporation duly organized, validly existing, and in good standing under Delaware law;

(b) Lender
 has full corporate power and authority to execute and perform this Agreement;

(c) The
 execution and performance of this Agreement have been duly authorized by all necessary corporate
 action;

(d) This
 Agreement constitutes a legal, valid, and binding obligation of Lender;

(e) Lender
 has sufficient financial resources to fund the Loan as required hereunder.

---

| | |
|:---|:---|
| 9 | **COVENANTS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;9.1 Until
 the earlier of Conversion or full repayment of the Loan, Borrower shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Maintain
 its existence in good standing under Japanese law;

(b) Preserve
 and maintain its business and assets;

(c) Comply
 with all applicable laws and regulations;

(d) Maintain
 adequate insurance coverage;

(e) Provide
 Lender with monthly financial reports;

(f) Permit
 Lender reasonable access to its books, records, and management;

(g) Notify
 Lender promptly of any material adverse developments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Maintain
 each Subsidiary in good standing under the laws of its respective jurisdiction;

(i) Preserve
 and maintain all acquired Target Assets and work toward formation of the consolidated Banji
 Step Group;

(j) Ensure
 all Subsidiaries comply with applicable laws and maintain required permits and licenses;

(k) Following
 completion of Target Asset acquisitions, provide Lender with consolidated financial reports
 for the Banji Step Group.

&nbsp;&nbsp;&nbsp;&nbsp;9.2 Until
 the earlier of Conversion or full repayment of the Loan, without Lender's prior written
 consent, Borrower shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Incur
 material indebtedness;

(b) Make
 distributions or pay dividends;

(c) Enter
 into material agreements outside the ordinary course of business;

(d) Change
 its management or business plan;

(e) Merge,
 consolidate, or dissolve;

(f) Cause
 any Subsidiary to incur material indebtedness or provide guarantees;

(g) Permit
 any Subsidiary to make distributions or pay dividends to Borrower;

(h) Sell,
 transfer, lease, or dispose of any Material Assets outside the ordinary course of business;

(i) Cause
 any change in the management or business operations of any Subsidiary;

(j) Permit
 any Subsidiary to merge, consolidate, dissolve, or liquidate.

&nbsp;&nbsp;&nbsp;&nbsp;9.3 Until
 the earlier of Conversion or full repayment of the Loan, without Lender's prior written
 consent, Guarantor shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Sell,
 transfer, pledge, or encumber any Borrower shares;

(b) Take
 any action that would impair Lender's security interest in the pledged shares.

&nbsp;&nbsp;&nbsp;&nbsp;9.4 Until
 completion of all Target Asset acquisitions, Borrower shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Use
 commercially reasonable efforts to complete the acquisition of all Target Assets within the
 timeframes specified in Section 4;

(b) Provide
 Lender with monthly progress reports on all pending Target Asset acquisitions;

(c) Obtain
 Lender's prior written consent before modifying any material terms of Target Asset
 acquisition agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notify
 Lender immediately of any material adverse developments affecting any Target Asset acquisition;

(e) Maintain
 all necessary corporate approvals and financing for Target Asset acquisitions;

(f) Not
 use Loan proceeds for any purpose other than as specified in Section 2.8.

---

| | |
|:---|:---|
| 10 | **INDEMNIFICATION** |

---

&nbsp;&nbsp;&nbsp;&nbsp;10.1 Borrower
 and Guarantor, jointly and severally, shall indemnify, defend, and hold harmless Lender from
 and against any losses, damages, liabilities, costs, and expenses arising from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any
 breach of Borrower's or Guarantor's representations, warranties, or covenants
 herein;

(b) Any
 liabilities of Borrower not disclosed to Lender;

(c) Any
 third-party claims against Borrower;

(d) Any
 pre-Conversion obligations or liabilities of Borrower;

(e) Any
 liabilities of the Subsidiaries not disclosed to Lender;

(f) Any
 third-party claims against Borrower or any acquired Target Asset;

(g) Any
 defects in title to or ownership of the Material Assets;

(h) Any
 environmental liabilities related to the Material Assets.

(i) Any
 failure to complete Target Asset acquisitions as contemplated herein;

(j) Any
 material misrepresentation regarding the status or availability of Target Assets;

(k) Any
 claims by third parties related to the Target Asset acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;10.2 The
 indemnification obligations shall survive Conversion or repayment of the Loan for a period
 of two (2) years.

---

| | |
|:---|:---|
| 11 | **MISCELLANEOUS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>Governing Law</u>. This Agreement shall be governed by and construed in accordance with the laws of
 the State of New York, without regard to conflicts of law principles.

11.2 <u>Jurisdiction</u>.
 Any disputes arising hereunder shall be subject to the exclusive jurisdiction of the federal
 and state courts located in New York County, New York.

11.3 <u>Entire Agreement</u>. This Agreement constitutes the entire agreement between the parties with respect
 to the subject matter hereof and supersedes all prior negotiations and agreements.

11.4 <u>Amendment</u>.
 This Agreement may be amended only by written instrument signed by all parties.

&nbsp;&nbsp;&nbsp;&nbsp;11.5 <u>Assignment</u>.
 No party may assign this Agreement without the prior written consent of the other parties.

11.6 <u>Severability</u>.
 If any provision hereof is held invalid or unenforceable, the remainder shall continue in
 full force and effect.

11.7 <u>Counterparts</u>.
 This Agreement may be executed in counterparts, including by electronic signature.

11.8 <u>Notices</u>.
 All notices shall be in writing and delivered to the addresses set forth below:

*If to Lender:*

Crisp Momentum Inc.

250 Park Avenue, 7th Floor, New York, NY 10177

Email:

Attention:

*If to Borrower:*

Banji Step K.K.

Email:

Attention:

*If to Guarantor:*

Motoko Yorozu

Email:

*If to Escrow Agent:*

Balex AG

Gerbergasse 48, 4001 Basel Switzerland

Attention:

Email:

&nbsp;&nbsp;&nbsp;&nbsp;11.9 <u>Expenses</u>.
 Each party shall bear its own expenses, except that all escrow fees shall be shared equally
 between Lender and Borrower.

11.10 <u>Confidentiality</u>.
 Each party agrees to maintain the confidentiality of all non-public information received
 from the other parties in connection with this transaction.

*(Signature Page Follows)*

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

---

| | |
|:---|:---|
| CRISP MOMENTUM INC. | CRISP MOMENTUM INC. |
| By: |  |
| Name: | Renger Van den Heuvel |
| Title: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| BANJI STEP K.K. | BANJI STEP K.K. |
| By: |  |
| Name: | Motoko Yorozu |
| Title: | Chief Executive Officer |

---

MOTOKO YOROZU <br>