Document:

Prestige
Capital Corporation 

 

400
KELBY STREET, 14TH FLOOR, FORT LEE, NEW JERSEY 07024 (201) 944-4455

 

Purchase
and Sale Agreement (“Agreement”)

 

1.
ASSIGNMENT. PRESTIGE CAPITAL CORPORATION (“Prestige”) hereby buys and ITECH US, INC. (“Seller”)
hereby sells, transfers and assigns all of Seller’s right, title and interest in and to those specific accounts receivable
owing to Seller as set forth on the assignment forms provided by Prestige (the “Assignments”) together with all rights
of action accrued or to accrue thereon, including without limitation, full power to collect, sue for, compromise, assign or in
any other manner enforce collection thereof in Prestige’s name or otherwise. All of Seller’s accounts receivable and
contract rights which are presently or at any time hereafter assigned by Seller, and accepted by Prestige, are collectively referred
to as (the “Accounts”).

 

2.
ADVANCE. Upon Prestige’s receipt and acceptance of each Assignment, Prestige shall pay to Seller EIGHTY percent
(80%) of the face value of the Accounts and SEVENTY percent (70%) of the face value of unbilled yet earned
Accounts therein described (the “Down Payment”). Notwithstanding anything to the contrary contained in this Agreement,
the maximum outstanding balance of Seller to Prestige shall be $6,500,000 (“Maximum Advance”).

 

3.
RESERVE. Prestige will hold in reserve the difference between the Purchase Price (hereinafter defined) and the Down Payment
(the “Reserve”) and provided there are no outstanding chargebacks or disputes, will pay to Seller, the Reserve, less
any sums due Prestige hereunder, five (5) business days from the date on which the Accounts have been collected in good funds,
charged back and/or deemed collected by Prestige due to an account debtor’s insolvency. For purposes of this Agreement,
the term “Purchase Price” shall mean the net face value of Accounts, less; Prestige’s discount fee described
in paragraph 4 below, returns, credits, allowances and discounts; and less all other sums charged or chargeable to Seller’s
Accounts.

 

4.
DISCOUNT. Prestige’s purchase of the Accounts from Seller shall be at a discount fee which is deducted from the face
value of each Account upon collection. The discount fee, which shall be based on the number of days an Account is outstanding
from the date of the Down Payment, shall be as follows: If paid within 30 days a discount fee of 1.65%; if paid within
40 days a discount fee of 2.20%; if paid within 50 days a discount fee of 2.75%; if paid within 60 days a discount
fee of 3.30%; if paid within 70 days a discount fee of 3.85%; if paid within 80 days a discount fee of 4.40%;
if paid within 90 days a discount fee of 4.95% and an additional 1.5% for each 10 day period thereafter until the account
is paid. In addition to the foregoing there shall be a one-time closing fee of $32,500, or .50% of the Maximum Advance payable
out of the initial funding.

 

5.
WARRANTIES, REPRESENTATION AND COVENANTS. As an inducement for Prestige’s entering into this Agreement and with full
knowledge that the truth and accuracy of the warranties, representations and covenants in this Agreement are being relied upon
by Prestige, instead of the delay of a complete credit investigation, Seller warrants, represents and covenants that:

 

	 	(a)	Seller
    is properly licensed and authorized to operate the business of IT staffing;
	 	(b)	Seller
    is the sole and absolute owner of the Accounts and has the full legal right to make said sale, assignment and transfer;
	 	(c)	The
    correct amount of each Account will be set forth on the Assignments;
	 	(d)	At
    the time of the Assignments, each Account is an accurate and undisputed statement of indebtedness from an account debtor for
    a sum certain, without offset or counterclaim and which is due and payable in ninety days or less;
	 	(e)	Each
    Account is an accurate statement of a bona fide sale, delivery and acceptance of merchandise or performance of service by
    Seller to an account debtor;
	 	(f)	Seller
    does not own, control or exercise dominion in any way whatsoever, over the business of any account debtor;
	 	(g)	All
    financial records, statements, books or other documents shown to Prestige by Seller at any time either before or after the
    signing of this Agreement are true and accurate;
	 	(h)	Seller
    will not under any circumstance or in any manner whatsoever, interfere with any of Prestige’s rights under this Agreement;
	 	(i)	Seller
    has not and will not cause, at any time, any lien, security interest or encumbrance to be created upon any of its accounts
    receivable and/or its inventory without the prior written consent of Prestige;
	 	(j)	Seller
    will not change or modify the terms of the Accounts with any account debtor unless Prestige first consents, in writing;
	 	(k)	Seller
    will notify Prestige, in writing, in advance of: any change in Seller’s place of business; Seller having or acquiring
    more than one place of business; any change in Seller’s chief executive office; and/or any change in the office or offices
    where Seller’s books and records concerning accounts receivable are kept;
	 	(l)	Seller
    will immediately notify Prestige of any proposed or actual change of the Seller’s, legal entity or corporate structure,
    and upon receipt of notice thereof, any proposed or actual change in any account debtor’s identity;
	 	(m)	A
    notification letter from Seller and/or all invoices will state on their face that the Accounts represented thereby have been
    assigned to Prestige and are to be paid directly to Prestige or to a lockbox designated by Prestige; and
	 	(n)	No
    Account shall be on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other repurchase
    or return basis;

 

    	 	 	Pg 1 of 4

    	 

    

 

The
warranties, representations and covenants contained in this paragraph 5 shall be continuous and be deemed to be renewed each time
Seller assigns Accounts to Prestige. Prestige shall have recourse against the Seller in the event that any of the warranties,
representations and covenants set forth in this paragraph 5 are breached.

 

6.
INTENTIONALLY OMITTED

 

7.
CHARGE-BACK. In the event that any Account is not paid within 90 days of invoice date for any reason whatsoever, including,
without limitation, any alleged defense, counterclaim, offset, dispute or other claim (real or merely asserted) whether arising
from or relating to the sale of goods or rendition of services or arising from or relating to any other transaction or occurrence,
then in any such event Prestige shall have the right to chargeback such Account to Seller. No chargeback shall be deemed a reassignment
to Seller of the Account involved. Seller acknowledges that all amounts chargeable to Seller’s account under this Agreement
shall be payable by Seller on demand.

 

8.
NOTICE OF DISPUTE. Seller must immediately notify Prestige of any disputes between any account debtor and Seller.

 

9.
SETTLEMENT OF DISPUTE. Upon 10 days notice to Seller, Prestige may, at its option, settle any dispute with any account debtor.
Such settlement does not relieve Seller of any of its obligations under this Agreement.

 

10.
SOLE PROPERTY. Once Prestige has purchased the Accounts, the payment from account debtors relative to the Accounts is the
sole property of Prestige. Any interference by Seller with this payment will result in civil and/or criminal liability.

 

11.
SECURITY INTEREST. As a further inducement for Prestige to enter into this Agreement, and as security for the prompt performance,
observance and payment of all obligations owing by Seller to Prestige, Seller hereby grants to Prestige a continuing security
interest in and lien upon the following (herein collectively referred to as the “Collateral”): all accounts, inventory,
machinery and equipment, instruments, documents, chattel paper and general intangibles (as such terms are defined in the Uniform
Commercial Code), whether now owned or hereafter created or acquired by Seller, wherever located, and all replacements and substitutions
therefore, accessions thereto, and products and proceeds thereof, and all property of Seller at any time in Prestige’s possession.

 

12.
FINANCING STATEMENTS. Seller will, at its expense perform all acts and execute all documents reasonably requested by Prestige
at any time to evidence, perfect, maintain and enforce Prestige’s security interest and other rights in the Collateral and
the priority thereof.

 

13.
HOLD IN TRUST. Seller will hold in trust and safekeeping, as the property of Prestige and immediately turn over to Prestige,
the identical check or other form of payment received by Seller if payment on the Accounts comes into Seller’s possession.
Should Seller come into possession of a check comprising payments owing to both Seller and Prestige, Seller shall promptly turnover
said check to Prestige. In the event a payment belonging to Prestige is improperly deposited into Seller’s bank account,
Prestige reserves the right to impose liquidated damages upon Seller of up to 15% of the amount of any payment so improperly deposited.

 

14.
FINANCIAL RECORDS. Seller will furnish to Prestige financial statements and such other information as is, from time to time,
as reasonably requested by Prestige.

 

15.
BOOK ENTRY. Seller will immediately, upon the sale of the Accounts, make the proper entry on its books and records disclosing
the absolute sale of the Accounts to Prestige.

 

    	 	 	Pg 2 of 4

    	 

    

 

16.
POWER OF ATTORNEY. In order to implement this Agreement, Seller irrevocably appoints Prestige its special attorney in fact
or agent with power to:

 

	 	(a)	Strike
    out Seller’s address on any correspondence to any account debtor and put on Prestige’s address;
	 	(b)	Receive
    and open all mail addressed to Seller via Prestige’s address related to Accounts;
	 	(c
    )	Endorse
    the name of Seller or Seller’s trade name on any checks or other evidences of payment that may come into the possession
    of Prestige in connection with the Accounts;
	 	(d)	In
    Seller’s name, or otherwise, demand, sue for, collect any and all monies due in connection with the Accounts; and 
	 	(e)	Compromise,
    prosecute or defend any action, claim or proceeding relative to the Accounts;

 

The
authority granted to Prestige shall remain in full force and effect until the Accounts are paid in full and the entire indebtedness
of Seller to Prestige is discharged.

 

17.
ADDITIONAL NOTIFICATION; VERIFICATION OF ACCOUNTS

 

	 	(a)	Without
    in any way limiting the terms and provisions of paragraph 5 (m) hereinabove, Prestige may, upon default by Seller  and
    in its sole discretion, notify any account debtor to make payment on any of Seller’s open invoices to Prestige; 
	 	 	and
	 	(b)	Prestige,
    or any of its agents, may at any time verify the Accounts by any commercially reasonably means deemed appropriate by Prestige.

 

18.
NO ASSUMPTION. Nothing contained in this Agreement shall be deemed to impose any duty or obligation upon Prestige in
favor of any account debtor and/or any other party in connection with the Accounts.

 

19.
FUTURE ASSIGNMENTS. Seller may from time to time, at Seller’s option, sell, transfer and assign different Accounts to
Prestige. The future sale of any Accounts shall be subject to and governed by this Agreement and such Accounts shall be identified
by separate and subsequent Assignments.

 

20.
DISCRETION. Nothing contained in this Agreement shall be construed to impose any obligation upon Prestige to purchase Accounts
from Seller. Prestige shall at its sole discretion determine which Accounts it shall purchase. Further, Prestige shall have the
absolute right at any time to cease accepting any further Assignments from Seller.

 

21.
LEGAL FEES; EXPENSES. Seller will pay on demand any and all collection expenses and reasonable outside legal counsel’s
fees that Prestige incurs in the event it should become necessary for Prestige to enforce its rights under this Agreement. In
addition, Seller will pay on demand all reasonable costs and expenses incurred by Prestige in any way relating to the transactions
contemplated by this Agreement, including, without limitation, all reasonable attorneys’ fees, Federal Express costs (or
similar expenses), wire transfer costs, certified mail costs, facsimile transmission costs and lien search costs.

 

22.
BINDING ON FUTURE PARTIES. This Agreement shall inure to the benefit of and is binding upon the heirs, executors, administrators,
successors and assigns of the parties hereto, except that Seller may not assign or transfer any or all of its rights and obligations
under this Agreement to any party without the prior written consent of Prestige.

 

23.
WAIVER; ENTIRE AGREEMENT. No failure or delay on Prestige’s part in exercising any right, power or remedy granted to
Prestige herein, will constitute or operate as a waiver thereof, nor shall any single or partial exercise of any such right, power
or remedy preclude any other or further exercise thereof or the exercise of any other right set forth herein. This Agreement contains
the entire agreement and understanding of the parties hereto and no amendment, modification or waiver of, or consent with respect
to, any provision of this Agreement, will in any event be effective unless the same is in writing and signed and delivered by
Prestige.

 

24.
NEW JERSEY LAW. This Agreement shall be deemed executed in the State of New Jersey and, in all respects shall be governed
and construed in accordance with the laws of the State of New Jersey.

 

25.
INDEMNITY. Seller shall hold Prestige harmless from and against any action or other proceeding brought by any account debtor
against Prestige arising from Prestige’s collecting or attempting to collect any of the Accounts.

 

26.
TERM. This Agreement will remain in effect for one year from the date that this Agreement becomes effective (the “Term”).
Thereafter, the Term will be automatically extended for successive periods of one (1) year each unless either party provides the
other with a written notice of cancellation of at least sixty (60) days prior to the expiration of the initial Term or any renewal
Term; provided, however, Prestige may cancel this Agreement at any time upon sixty (60) days notice to Seller. In the event
of a breach by Seller of any term or provision of this Agreement or upon Seller’s insolvency or the insolvency of any guarantor
of Seller’s obligations herein, Prestige shall have the right to cancel this Agreement without notice to Seller, and all
of Seller’s obligations to Prestige herein shall be immediately due and payable. In the event of cancellation, the provisions
of this Agreement shall remain in full force and effect until all of the Accounts and all of Sellers obligations to Prestige have
been paid in full.

 

    	 	 	Pg 3 of 4

    	 

    

 

27.
EARLY TERMINATION. In the event that Seller wishes to terminate the Agreement prior to the expiration of the Term, then in
addition to paying Prestige all other obligations due under this Agreement, Seller shall also pay Prestige an early termination
fee equal to $35,750 per month for each month remaining under the Term. Notwithstanding the foregoing, Prestige will waive
the early termination fee at any time after three months of the initial Term.

 

28.
INVALID PROVISIONS. If any provision of this Agreement shall be declared illegal or contrary to law, it is agreed that such
provision shall be disregarded and this Agreement shall continue in force as though said provision had not been incorporated herein.

 

29.
EFFECTIVE. This Agreement shall become effective when it is accepted and executed by an authorized officer of Prestige. Facsimile
machine or PDF copies of an original signature by either party on this Agreement shall be binding as if said copies were original
signatures.

 

30.
JURY WAIVER. The parties hereto hereby mutually waive trial by jury in the event of any litigation with respect to any matter
connected with this Agreement.

 

	 	 	Accepted:
	 	 	 	 
	ITECH
    US, INC.  	 	PRESTIGE
    CAPITAL CORPORATION
	 	                                              	 	 	                                             
	By:	 	 	By:	 
	 	JASON
    M. CORY, President	 	 	HARVEY
L. KAMINSKI, President/CEO
	 	 	 	 	 
	This
    _______ day of _________________________, 2017	 	This
    _______ day of _________________________, 2017

 

In
consideration of the foregoing Agreement, the undersigned hereby personally agrees to be jointly and severally liable for any
damages suffered by Prestige Capital Corporation by virtue of the breach of any warranty, representation or covenant made by Seller
in paragraph 5 above. 

 

	Date:
    	 	 	By:	 
	 	 	 	JASON
    M. CORY, Individually

 

On
this _______ day of ______________in the year _______ before me, the undersigned, a notary public in and for the said state, personally
appeared ______________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual
whose name is subscribed to the within instrument and acknowledged to me, he/she/they executed the same in his/her capacity, and
that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed
the instrument.

 

	 _____________________________	 	______________________________	 	State: _________________________
	Notary
    Public (Signature)	 	Notary-
    Print Name	 	Commission
Expires: ____________

 

    	 	 	Pg 4 of 4CONTINUING
GUARANTY

 

1.
Obligations Guaranteed. For consideration, the adequacy and sufficiency of which is acknowledged, the undersigned (“Guarantor”)
unconditionally guaranties and promises (a) to pay to SUPER G CAPITAL, LLC (“Lender”) on demand, in lawful
United States money, all Obligations to Lender of SHAREDLABS, INC., a Delaware corporation, ITECH US, INC., a Virginia corporation,
and SMART WORKS, LLC, a New Jersey limited liability company (collectively, “Borrower”), and (b) to perform
all undertakings of Borrower in connection with the Obligations. “Obligations” is used in its most comprehensive
sense and includes any and all debts, liabilities, and other obligations and liabilities of every kind of Borrower to Lender,
whether made, incurred or created previously, concurrently or in the future, whether voluntary or involuntary and however arising,
whether incurred directly or acquired by Lender by assignment or succession, whether due or not due, absolute or contingent, liquidated
or unliquidated, legal or equitable, whether Borrower is liable individually or jointly or with others, whether incurred before,
during or after any bankruptcy, reorganization, insolvency, receivership or similar proceeding (“Insolvency Proceeding”),
and whether recovery thereof is or becomes barred by a statute of limitations or is or becomes otherwise unenforceable, together
with all expenses of, for and incidental to collection, including reasonable attorneys’ fees, including without limitation
any of the forgoing arising under the Business Loan and Security Agreement on or about the date hereof (the “Loan Agreement”)
between Borrower and Lender.

 

2.
Continuing Nature/Revocation/Reinstatement. This Guaranty is in addition to any other guaranties of the Obligations, is
continuing and covers all Obligations, including those arising under successive transactions which continue or increase the Obligations
from time to time, renew all or part of the Obligations after they have been satisfied, or create new Obligations. Revocation
by one or more signers of this Guaranty or any other guarantors of the Obligations shall not (a) affect the obligations under
this Guaranty of a non-revoking Guarantor, (b) apply to Obligations outstanding when Lender receives written notice of revocation,
or to any extensions, renewals, readvances, modifications, amendments or replacements of such Obligations, or (c) apply to Obligations,
arising after Lender receives such notice of revocation, which are created pursuant to a commitment existing at the time of the
revocation, whether or not there exists an unsatisfied condition to such commitment or Lender has another defense to its performance.
All of Lender’s rights pursuant to this Guaranty continue with respect to amounts previously paid to Lender on account of
any Obligations which are thereafter restored or returned by Lender, whether in an Insolvency Proceeding of Borrower or for any
other reason, all as though such amounts had not been paid to Lender; and Guarantor’s liability under this Guaranty (and
all its terms and provisions) shall be reinstated and revived, notwithstanding any surrender or cancellation of this Guaranty.
Lender, at its sole discretion, may determine whether any amount paid to it must be restored or returned; provided, however, that
if Lender elects to contest any claim for return or restoration, Guarantor agrees to indemnify and hold Lender harmless from and
against all costs and expenses, including reasonable attorneys’ fees, expended or incurred by Lender in connection with
such contest. If any Insolvency Proceeding is commenced by or against Borrower or Guarantor, at Lender’s election, Guarantor’s
obligations under this Guaranty shall immediately and without notice or demand become due and payable, whether or not then otherwise
due and payable.

 

3.
Authorization. Guarantor authorizes Lender, without notice and without affecting Guarantor’s liability under this
Guaranty, from time to time, whether before or after any revocation of this Guaranty, to (a) renew, compromise, extend, accelerate,
release, subordinate, waive, amend and restate, or otherwise amend or change, the interest rate, time or place for payment or
any other terms of all or any part of the Obligations; (b) accept delinquent or partial payments on the Obligations; (c) take
or not take security or other credit support for this Guaranty or for all or any part of the Obligations, and exchange, enforce,
waive, release, subordinate, fail to enforce or perfect, sell, or otherwise dispose of any such security or credit support; (d)
apply proceeds of any such security or credit support and direct the order of manner of its sale or enforcement as Lender, at
its sole discretion, may determine; and (e) release or substitute Borrower or any guarantor or other person or entity liable on
the Obligations.

 

    	 	 	 

    	 

    

 

4.
Waivers. To the maximum extent permitted by law, Guarantor waives (a) all rights to require Lender to proceed against Borrower,
or any other guarantor, or proceed against, enforce or exhaust any security for the Obligations or to marshal assets or to pursue
any other remedy in Lender’s power whatsoever; (b) all defenses arising by reason of any disability or other defense of
Borrower, the cessation for any reason of the liability of Borrower, any defense that any other indemnity, guaranty or security
was to be obtained, any claim that Lender has made Guarantor’s obligations more burdensome or more burdensome than Borrower’s
obligations, and the use of any proceeds of the Obligations other than as intended or understood by Lender or Guarantor; (c) all
presentments, demands for performance, notices of nonperformance, protests, notices of protest, notices of dishonor, notices of
acceptance of this Guaranty and of the existence or creation of new or additional Obligations, and all other notices or demands
to which Guarantor might otherwise be entitled; (d) all conditions precedent to the effectiveness of this Guaranty; (e) all rights
to file a claim in connection with the Obligations in an Insolvency Proceeding filed by or against Borrower; (f) all rights to
require Lender to enforce any of its remedies; and (g) until the Obligations are satisfied or fully paid with such payment not
subject to return: (i) all rights of subrogation, contribution, indemnification or reimbursement, (ii) all rights of recourse
to any assets or property of Borrower or to any collateral or credit support for the Obligations, (iii) all rights to participate
in or benefit from any security or credit support Lender may have or acquire, and (iv) all rights, remedies and defenses Guarantor
may have or acquire against Borrower. Guarantor understands that if Lender forecloses by trustee’s sale on a deed of trust
securing any of the Obligations, Guarantor would then have a defense preventing Lender from thereafter enforcing Guarantor’s
liability for the unpaid balance of the secured Obligations. This defense arises because the trustee’s sale would eliminate
Guarantor’s right of subrogation, and therefore Guarantor would be unable to obtain reimbursement from Borrower. Guarantor
specifically waives this defense and all rights and defenses that Guarantor may have because the Obligations are secured by real
property. This means, among other things: (a) Lender may collect from Guarantor without first foreclosing on any real or personal
property collateral pledged by Borrower; and (b) if Lender forecloses on any real property collateral pledged by Borrower: (i)
the amount of the Obligations may be reduced only by the price for which the collateral is sold at the foreclosure sale, even
if the collateral is worth more than the sale price; and (ii) Lender may collect from Guarantor even if Lender, by foreclosing
on the real property collateral, has destroyed any right Guarantor may have to collect from Borrower. This is an unconditional
and irrevocable waiver of any rights and defenses Guarantor may have because the Obligations are secured by real property. These
rights and defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d, or 726 of the
California Code of Civil Procedure or similar laws in other states.

 

5.
Guarantor to Keep Informed. Guarantor warrants having established with Borrower adequate means of obtaining, on an ongoing
basis, such information as Guarantor may require concerning all matters bearing on the risk of nonpayment or nonperformance of
the Obligations. Guarantor assumes sole, continuing responsibility for obtaining such information from sources other than from
Lender. Lender has no duty to provide any information to Guarantor until Lender receives Guarantor’s request for specific
information in Lender’s possession and Borrower has authorized Lender to disclose such information to Guarantor.

 

6.
Subordination. All obligations of Borrower to Guarantor (other than customary compensation, reimbursable expenses and other
fringe benefits on account of employment which are payable to Guarantor) which presently or in the future may exist (“Guarantor’s
Claims”) are hereby subordinated to the Obligations. At Lender’s request, Guarantor’s Claims will be enforced
and performance thereon received by Guarantor only as a trustee for Lender, and Guarantor will promptly pay over to Lender all
proceeds recovered for application to the Obligations without reducing or affecting Guarantor’s liability under other provisions
of this Guaranty.

 

    	 	2	Continuing Guaranty

    	 

    

 

7.
Authorization. Where Borrower is a corporation, partnership or other entity, Lender need not inquire into or verify the
powers of Borrower or authority of those acting or purporting to act on behalf of Borrower, and this Guaranty shall be enforceable
with respect to any Obligations Lender grants or creates in reliance on the purported exercise of such powers or authority.

 

8.
Assignments. Without notice to Guarantor, Lender may assign the Obligations and this Guaranty, in whole or in part, and
may disclose to any prospective or actual purchaser of all or part of the Obligations any and all information Lender has or acquires
concerning Guarantor, this Guaranty and any security for this Guaranty.

 

9.
Counsel Fees and Costs. The prevailing party shall be entitled to reasonable attorneys’ fees and all other costs
and expenses which it may incur in connection with the enforcement or preservation of its rights under, or defense of, this Guaranty
or in connection with any other dispute or proceeding relating to this Guaranty, whether or not incurred in any Insolvency Proceeding,
arbitration, litigation or other proceeding.

 

10.
Married Guarantors. By executing this Guaranty, a Guarantor who is married agrees that recourse may be had against his
or her separate and community property for all his or her obligations under this Guaranty.

 

11.
Multiple Guarantors/Borrowers. When there is more than one Borrower named herein or when this Guaranty is executed by more
than one Guarantor, then the words “Borrower” and “Guarantor”, respectively, shall mean
all and any one or more of them, and their respective successors and assigns, including debtors-in-possession and bankruptcy trustees;
words used herein in the singular shall be considered to have been used in the plural where the context and construction so requires
in order to refer to more than one Borrower or Guarantor, as the case may be.

 

12.
Integration/Severability/Amendments. This Guaranty is intended by Guarantor and Lender as the complete, final expression
of their agreement concerning its subject matter. It supersedes all prior understandings or agreements with respect thereto and
may be changed only by a writing signed by Guarantor and Lender. No course of dealing, or parole or extrinsic evidence shall be
used to modify or supplement the express terms of this Guaranty. If any provision of this Guaranty is found to be illegal, invalid
or unenforceable, such provision shall be enforced to the maximum extent permitted, but if fully unenforceable, such provision
shall be severable, and this Guaranty shall be construed as if such provision had never been a part of this Guaranty, and the
remaining provisions shall continue in full force and effect.

 

13.
Joint and Several. If more than one Guarantor signs this Guaranty, the obligations of each under this Guaranty are joint
and several, and independent of the Obligations and of the obligations of any other person or entity. A separate action or actions
may be brought and prosecuted against any one or more guarantors, whether action is brought against Borrower or other guarantors
of the Obligations, and whether Borrower or others are joined in any such action.

 

14.
Notice. Any notice, including notice of revocation, given by any party under this Guaranty shall be effective only upon
its receipt by the other party and only if (a) given in writing and (b) personally delivered or sent by United States mail, postage
prepaid, and addressed to Lender at 23 Corporate Plaza, Suite 100, Newport Beach, California 92660 or Guarantor at Guarantor’s
address for notices indicated below. Guarantor and Lender may change the place to which notices, requests, and other communications
are to be sent to them by giving written notice of such change to the other.

 

15.
Governing Law; Forum Selection; Consent to Jurisdiction; Judicial Reference. Sections 11 and 12 of the Loan Agreement are
incorporated herein, with the names of the parties to this Guaranty and the applicable documents being used instead of those in
the Loan Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	3	Continuing Guaranty

    	 

    

 

Executed
as of August __, 2017. Guarantor acknowledges having received a copy of this Guaranty and having made each waiver contained in
this Guaranty with full knowledge of its consequences.

 

	GUARANTOR:	 	Address
    for notices sent to Guarantor:
	 	 	 
	 	 	 
	Signature	 	 
	 	 	 
	Jason
    M. Cory	 	 
	Print
    or Type Name	 	 

 

    	 	S-1	Signature Page to Continuing Guaranty

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