Document:

EX-10.22.5.10.1

 Exhibit 10.22.5.10.1 

Execution copy 
  

 
  

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of 
 December 22,
2017 
 among 
 PRIMEENERGY
CORPORATION, 
 as Borrower, 

THE LENDERS PARTY HERETO, 

COMPASS BANK, 
 as
Administrative Agent, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Documentation Agent, 
 and 

BBVA COMPASS, 
 as Sole Lead
Arranger and Sole Book Runner 
  
  

 

 FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as of
December 22, 2017, among PRIMEENERGY CORPORATION, a Delaware corporation (the “Borrower”), the financial institutions defined below as the Existing Lenders, FIFTH THIRD BANK, as the new lender (the
“New Lender”), and COMPASS BANK, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as Issuing Bank. 

R E C I T A L S 

A. The Borrower, the Lenders party thereto and the Administrative Agent are parties to that certain Third Amended and Restated Credit
Agreement, dated as of February 15, 2017 (the “Original Credit Agreement”). 
 B. The Existing Lenders party
hereto constitute all of the Lenders party to the Original Credit Agreement immediately prior to the effective date of this Amendment. 
 C.
The parties desire to amend the Original Credit Agreement as hereafter provided. 
 NOW THEREFORE, in consideration of these premises and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Same Terms. All terms used herein that are defined in the Credit Agreement (as hereinafter defined) shall have the same
meanings when used herein, unless the context hereof otherwise requires or provides. In addition, from and after the Effective Date, (a) all references in the Original Credit Agreement and, where appropriate in the context, in the other Loan
Documents to the “Credit Agreement” shall be deemed to be references to the Original Credit Agreement, as amended by this Amendment and as the same may hereafter be amended or otherwise modified from time to time, and
(b) all references in the Loan Documents to the “Loan Documents” shall mean the Loan Documents, as amended by the Modification Papers and as the same may hereafter be amended or otherwise modified from time to time. In addition, the
following terms have the meanings set forth below: 
 “Credit Agreement” means the Original Credit Agreement, as
amended by this Amendment. 
 “Effective Date” means the date on which the conditions specified in
Section 2 below are satisfied (or waived in writing by the Administrative Agent). 
 “Existing
Lenders” means each of the Lenders other than the New Lender. 
 “Modification Papers” means this
Amendment, and all of the other documents and agreements executed in connection with the transactions contemplated by this Amendment. 

“New Lender” has the meaning specified in the opening paragraph. 

“New Note” has the meaning specified in Section 6. 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 1 

 2. Conditions Precedent. The obligations and agreements of the Lenders as set forth
in this Amendment are subject to the satisfaction, unless waived in writing by Administrative Agent, of each of the following conditions (and upon such satisfaction, this Amendment shall be deemed to be effective as of the Effective Date): 

(a) Amendment. This Amendment shall have been duly executed and delivered by each of the parties hereto. 

(b) New Note. If requested by the New Lender, the Borrower shall have executed and delivered the New Note to the
New Lender. 
 (c) Upfront Fees. The Borrower will pay to the applicable Lenders the upfront fees as separately
agreed to in writing. 
 (d) Fees and Expenses. Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by Administrative Agent in connection with the preparation, negotiation and
execution of the Modification Papers. 
 3. Amendments to Original Credit Agreement. On the Effective Date, the Original
Credit Agreement shall be amended as follows: 
 (a) Section 12.18(a) of the Original Credit Agreement shall be amended and
restated to read in its entirety as follows: 
 “(a) Release Upon Payment in Full. Upon the complete payment of
the Secured Obligations (other than (A) indemnity obligations not yet due and payable of which the Borrower has not received a notice of potential claim, (B) obligations arising under a Secured Swap Agreement as to which alternative
collateral arrangements satisfactory to the applicable Secured Swap Provider have been made and (C) obligations under Secured Cash Management Agreements not yet due and payable) and the termination of the Letters of Credit (other than Letters
of Credit as to which other arrangements satisfactory to the Administrative Agent and the Issuing Bank shall have been made), this Agreement and the Commitments, the Administrative Agent, at the written request and expense of the Borrower, will
promptly release, reassign and transfer the Collateral to the Loan Parties.” 
 (b) Annex I to the Original Credit
Agreement shall be replaced with Annex I attached to this Amendment. 
 4. Increase of Borrowing Base. As of the
Effective Date, the Borrowing Base is hereby increased from $67,000,000 to $85,000,000. The parties hereto agree that the foregoing redetermination of the Borrowing Base constitutes the December 1, 2017 Scheduled Redetermination of the
Borrowing Base pursuant to Section 2.07 of the Credit Agreement. The Borrowing Base, as increased hereby, shall remain in effect until next redetermined in accordance with the provisions of Section 2.07 of the Credit Agreement. 

5. Concerning the New Lender. 

(a) The New Lender has become a Lender upon its execution of this Amendment, and on the Effective Date, the New Lender shall
assume all rights and obligations of a Lender under the Credit Agreement. Each of the Administrative Agent, the Issuing Bank, the Existing 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 2 

 
Lenders and the Borrower hereby consents to the New Lender’s acquisition of an interest in the Aggregate Maximum Credit Amounts and its Applicable Percentage. The Administrative Agent, the
Issuing Bank, and the Borrower hereby consent to the reallocation set forth herein. The Administrative Agent, the Issuing Bank, the Lenders and the Borrower hereby waive (i) any requirement that an Assignment and Assumption or any other
documentation be executed in connection with such reallocation, and (ii) the payment of any processing and recordation fee to the Administrative Agent. In connection herewith, each of the Existing Lenders, severally and not jointly, irrevocably
sells and assigns to the New Lender, and the New Lender hereby irrevocably purchases and assumes from the Existing Lenders, as of the Effective Date, (A) so much of each Existing Lender’s Maximum Credit Amount, outstanding Loans and
participations in Letters of Credit, and rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto (including without limitation any guaranties) such that the
Maximum Credit Amount and Applicable Percentage of each of the Existing Lenders and the New Lender shall be equal to the Maximum Credit Amount and Applicable Percentage set forth opposite such Person’s name on Annex I hereto, and
(B) to the extent permitted to be assigned under applicable law, all claims suits, causes of action and any other right of such Existing Lender (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in
connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims,
malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to the foregoing clause (A) above (the rights and obligations sold and assigned pursuant to
the foregoing clauses (A) and (B), collectively, the “Assigned Interest”). Such sale and assignment is without recourse to any Existing Lender and, except as expressly herein, without representation or
warranty by any Existing Lender. Each Existing Lender and the New Lender agree that the provisions of the form of Assignment and Assumption attached as Exhibit D to the Credit Agreement shall apply to it as an assignee or assignor, as
applicable. Each party hereto agrees to execute an Assignment and Assumption or related ancillary documentation to give effect to the foregoing if requested by the Administrative Agent. 

(b) The Administrative Agent, the Issuing Bank, and the Lenders (including the New Lender) agree that the Maximum Credit Amount
and Applicable Percentage of each Existing Lender shall be reallocated (and to the extent necessary with respect to each Lender, increased or decreased) among the Lenders such that, immediately after the effectiveness of this Amendment in accordance
with its terms, the Maximum Credit Amount and Applicable Percentage of each Lender shall be as set forth on Annex I hereto. In order to effect such reallocations, each Lender agrees to make cash settlements in respect of any outstanding Loans
or participations in Letters of Credit, either directly or through the Administrative Agent, as the Administrative Agent may direct or approve, such that after giving effect to this Amendment, each Lender holds Loans and participations of Letters of
Credit in an amount equal to its Applicable Percentage (as set forth on Annex I hereto) of the aggregate outstanding amount of Loans and Letters of Credit. 

(c) The New Lender represents and warrants to the Administrative Agent and the Existing Lenders as follows: 

(i) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to
consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement; 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 3 

 (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender; 
 (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder; 

(iv) it has received a copy of the Original Credit Agreement, together with copies of the most recent financial statements of
the Borrower delivered pursuant thereto and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and to purchase the Assigned Interest; and 

(v) it has, independently and without reliance upon the Administrative Agent, the Issuing Bank any Lender or any of their
respective Related Parties, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness
of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory laws relating to the transactions contemplated by the Credit Agreement, and made its own decision to enter into the Credit Agreement and to extend
credit to the Borrower and the other Loan Parties under the Credit Agreement. 
 (d) The New Lender acknowledges, for the
benefit of the Administrative Agent, the Issuing Bank, and the Existing Lenders, as follows: 
 (i) none of the
Administrative Agent, the Issuing Bank, any other Lender or any of their respective Related Parties has made any representation or warranty to it, and no act by the Administrative Agent, the Issuing Bank, any Lender or any of their respective
Related Parties hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by such Person to any Lender
as to any matter, including whether such Persons have disclosed material information in their possession; 
 (ii) except for
notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent pursuant to the Credit Agreement, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of the
Administrative Agent or any of its Related Parties; and 
 (iii) on the Effective Date, subject to the satisfaction or waiver
of the conditions to effectiveness set forth in Section 2 of this Amendment, it shall be deemed automatically to have become a party to the Credit Agreement and have all rights and obligations of a Lender under the Credit
Agreement and the other Loan Documents as if it were an original Lender signatory thereto. 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 4 

 (e) The New Lender agrees (i) it will, independently and without reliance
upon the Administrative Agent, the Issuing Bank, any other Lender or any of their respective Related Parties and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals
and decisions in taking or not taking action under the Credit Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, and other condition and
creditworthiness of the Borrower and the other Loan Parties, and (ii) to be bound by the terms and conditions set forth in the Credit Agreement and the other Loan Documents applicable to the Lenders as if it were an original Lender signatory
thereto (and expressly makes the appointment set forth in, and agrees to the obligations imposed under, Article XI of the Credit Agreement). 

6. New Note. If requested by the New Lender, on the Effective Date, the Borrower shall deliver a Note payable to the New Lender
in a principal amount equal to its Maximum Credit Amount after giving effect to the transactions contemplated by Section 5 of this Amendment (such Note, the “New Note”). 

7. Certain Representations. The Borrower represents and warrants that, as of the Effective Date: (a) the Borrower has full
power and authority to execute the Modification Papers to which it is a party and such Modification Papers constitute the legal, valid and binding obligation of the Borrower enforceable in accordance with their terms, except as enforceability may be
limited by general principles of equity and applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the enforcement of creditors’ rights generally; (b) no authorization, approval, consent or other
action by, notice to, or filing with, any Governmental Authority or other Person is required for the execution, delivery and performance by the Borrower thereof; and (c) no Default has occurred and is continuing or will result from the
consummation of the transactions contemplated by this Amendment. In addition, the Borrower represents that after giving effect to the Modification Papers, all representations and warranties contained in the Credit Agreement and the other Loan
Documents are true and correct in all material respects (provided that any such representations or warranties that are, by their terms, already qualified by reference to materiality or Material Adverse Effect shall be true and correct without regard
to such additional materiality qualification) on and as of the Effective Date as if made on and as of such date, except to the extent that any such representation or warranty expressly relates to an earlier date, in which case such representation or
warranty is true and correct in all material respects (or true and correct without regard to such additional materiality qualification, as applicable) as of such earlier date. 

8. No Further Amendments. Except as previously amended or waived in writing or as amended or waived hereby, the Credit Agreement
shall remain unchanged and all provisions shall remain fully effective between the parties thereto. 
 9. Acknowledgments and
Agreements. The Borrower acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms, and the Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Each
of the Borrower, the Administrative Agent, the Issuing Bank and the Lenders does hereby adopt, ratify and confirm the Credit Agreement and acknowledges and agrees that the Credit Agreement is and remains in full force and effect. The Borrower
acknowledges and agrees that its liabilities and obligations under the Credit Agreement and the other Loan Documents are not impaired in any respect by this Amendment. 

10. Limitation on Agreements. The modifications set forth herein are limited precisely as written and shall not be deemed
(a) to be a consent under or a waiver of or an amendment to any other term or condition in the Credit Agreement or any of the other Loan Documents, or (b) to prejudice any other right or rights that the Administrative Agent, the Issuing
Bank or the Lenders now have or may have in the future under or in connection with the Credit Agreement and the other Loan Documents or any of the other documents referred to herein or therein. The Modification Papers shall constitute Loan Documents
for all purposes. 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 5 

 11. Confirmation of Security. The Borrower hereby confirms and agrees that all of
the Security Instruments that presently secure the Secured Obligations shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Secured Obligations as described in the Credit Agreement.

 12. Counterparts. This Amendment may be executed in any number of counterparts, each of which when executed and delivered
shall be deemed an original, but all of which constitute one instrument. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto. Delivery of an
executed counterpart of this Amendment by facsimile or other electronic means shall be deemed effective as delivery of a manually executed counterpart of this Amendment. 

13. Incorporation of Certain Provisions by Reference. The provisions of Section 12.09 of the Credit Agreement captioned
“Governing Law, Jurisdiction, Consent to Service of Process” is incorporated herein by reference for all purposes. 
 14.
Release. To induce the Administrative Agent, the Issuing Bank and the Lenders to agree to the terms hereof, Borrower represents and warrants that as of the Effective Date, there are no claims or offsets or defenses or counterclaims to
Borrower’s obligations under the Loan Documents, and in accordance therewith Borrower: 
 (a) waives any and all such
claims, offsets, defenses or counterclaims, whether known or unknown, arising under the Loan Documents prior to the Effective Date; and 

(b) releases and discharges each of the Administrative Agent, the Issuing Bank, the Lenders and their respective Related
Parties (collectively, the “Released Parties”) from any and all obligations, indebtedness, liabilities, claims, rights, causes of action or other demands whatsoever, whether known or unknown, suspected or unsuspected, in law
or equity, which Borrower ever had, now has or claims to have or may have against any Released Party arising prior to the Effective Date and from or in connection with the Loan Documents or the transactions contemplated thereby. 

15. Entirety, Etc. This Amendment, the other Modification Papers and all of the other Loan Documents embody the entire agreement
among the parties. THIS AMENDMENT, THE OTHER MODIFICATION PAPERS AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 [This space is left intentionally blank. Signature pages
follow.] 

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Page 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the
Effective Date. 
  

											
	BORROWER:	 		 	PRIMEENERGY CORPORATION
					
		 		 		 	By:	 	/s/ Beverly A. Cummings
		 		 		 		 	Name:	 	Beverly A. Cummings
		 		 		 		 	Title:	 	CFO

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Signature Page S-1 

											
	ADMINISTRATIVE AGENT:	 		 	 COMPASS BANK,
 as Administrative
Agent

					
		 		 		 	By:	 	/s/ Kathleen J. Bowen
		 		 		 		 	Name:	 	Kathleen J. Bowen
		 		 		 		 	Title:	 	Managing Director
			
	ISSUING BANK:	 		 	 COMPASS BANK,
 as Issuing
Bank

					
		 		 		 	By:	 	/s/ Kathleen J. Bowen
		 		 		 		 	Name:	 	Kathleen J. Bowen
		 		 		 		 	Title:	 	Managing Director
			
	EXISTING LENDER:	 		 	 COMPASS BANK,
 as a
Lender

					
		 		 		 	By:	 	/s/ Kathleen J. Bowen
		 		 		 		 	Name:	 	Kathleen J. Bowen
		 		 		 		 	Title:	 	Managing Director

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Signature Page S-2 

											
	EXISTING LENDER:	 		 	 CITIBANK, N.A.,
 as a
Lender

					
		 		 		 	By:	 	/s/ Ryan Watson
		 		 		 		 	Name:	 	Ryan Watson
		 		 		 		 	Title:	 	SVP

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Signature Page S-3 

											
	EXISTING LENDER:	 		 	 WELLS FARGO BANK, N.A.,
 as a
Lender

					
		 		 		 	By:	 	/s/ Douglas R. Liftman
		 		 		 		 	Name:	 	Douglas R. Liftman
		 		 		 		 	Title:	 	Managing Director

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Signature Page S-4 

											
	NEW LENDER:	 		 	 FIFTH THIRD BANK,
 as a
Lender

					
		 		 		 	By:	 	/s/ Justin Bellamy
		 		 		 		 	Name:	 	Justin Bellamy
		 		 		 		 	Title:	 	Director

  
 FIRST AMENDMENT TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT – Signature Page S-5Exhibit 4.1

 

THIS NOTE AND THE SHARES OF COMMON STOCK
OF ARISTA FINANCIAL CORP. ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE "1933 ACT) AND MAY NOT BE SOLD, TRANSFERRED
OR OTHERWISE DISPOSED OF UNLESS THEY HAVE BEEN REGISTERED UNDER SUCH LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE.

 

___% CONVERTIBLE NOTE

 

	$____________	New Jersey
	 	[Date]

 

FOR VALUE RECEIVED, ARISTA FINANCIAL
CORP., a Nevada corporation with an address of 51 JFK Parkway, First Floor West, Short
Hills, New Jersey 07078, (the “Company”) promises to pay to the order of [HOLDER] with an address of
________________, and successors and assigns, (the “Holder”), the principal sum of ___________ Dollars ($_________),
together with interest on the unpaid principal balance of this Note at the rate of _____ percent (__%) per annum, which principal
and interest shall be payable as follows:

 

		(a)	the principal balance and all accrued and unpaid interest, late fees, etc. shall be due and payable
on ___________ (the “Maturity Date”) provided; however, the Holder, in its sole discretion, shall have the right
to extend the maturity date of the Note for three additional one year periods to be exercised by such Holder at any time prior
to the applicable maturity date, and

 

		(b)	interest shall be paid quarterly in cash on the Note and,

 

		(c)	in the event this Note is not fully paid as of the Maturity Date, interest shall continue to accrue
and be payable until this Note is paid in full.

 

All payments on this Note shall be deemed
made when good funds are received by the Holder at the address shown above or at such other place as Holder may designate in writing
from time to time.

 

A failure to timely make any payment due
on this Note or any other default of this Note shall constitute an event of default (an “Event of Default”).
From and after an Event of Default has occurred under this Note, the interest rate of the Note shall be increased by five hundred
(500) basis points. Such increased interest rate shall take effect upon the occurrence of any such Event of Default: (i) without
notice to the Company if such default is on account of a monetary payment obligation under this Note or any other agreement by
and between the Company and the Holder dated of even date herewith; or (ii) upon notice and the expiration of a ten (10) day cure
period if the default is on account of any obligation other than a monetary payment obligation. The Company shall be responsible
for curing such default(s) before all respective grace periods expire and for providing unambiguous written proof to Holder that
such default(s) is cured, or such default(s) shall conclusively be deemed not cured.

 

If any payment owed under this Note shall
not have been paid within five (5) days of the due date thereof, the Company agrees to pay to the Holder a late charge of two percent
(2%) of such payment including the payment due on the Maturity Date or upon acceleration.

 

    	 	1	 

     

    

 

The Company shall pay all costs of collection
of this Note, including but not limited to reasonable attorney’s fees: (a) if this Note shall be referred after an Event
of Default to an attorney-at-law for collection or other appropriate action; or (b) if an action to enforce any right to or against
collateral securing this Note shall be instituted after an Event of Default on this Note.

 

This Note is subject to the following additional
provisions:

 

		1.	This Note is exchangeable for an equal aggregate principal amount of notes of different authorized
denominations, as requested by the Holder surrendering the same. No service charge will be made for such registration or transfer
or exchange, except that Holder shall pay any tax or other governmental charges payable in connection therewith.

 

		2.	The Company shall be entitled to withhold from all payments any amounts required to be withheld
under applicable laws.

 

		3.	This Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as
amended (the “Act”) and applicable state securities laws. Any attempted transfer to a non-qualifying party shall
be treated by the Company as void. Prior to due presentment for transfer of this Note, the Company and any agent of the Company
may treat the person in whose name this Note is duly registered on the Company's records as the owner hereof for all other purposes,
whether or not this Note be overdue, and neither the Company nor any such agent shall be affected or bound by notice to the contrary.
Any Holder of this Note electing to exercise the right of conversion set forth in Section 4 hereof, in addition to the requirements
set forth in Section 4, and any prospective transferee of this Note, also is required to give the Company written confirmation
that this Note is being converted (“Notice of Conversion”) in the form annexed hereto as Exhibit A. The
date of receipt (including receipt by telecopy) of such Notice of Conversion shall be the Conversion Date.

 

		4.	The Holder of this Note is entitled, at its option, at any time, to convert all or any amount of
the principal face amount of this Note then outstanding, together with accrued and unpaid interest thereon, into shares of the
Company's Common Stock (the “Common Stock”) at a conversion price of $____ per share (the “Conversion
Price”) for each share of Common Stock. In connection with each conversion, the Holder shall deliver a Notice of Conversion
by fax or other electronic method of communication to the Company followed by delivery of this Note to the Company postage paid.
Such Conversion shall be effectuated by the Company delivering the shares of Common Stock to the Holder within ten (10) business
days of receipt by the Company of the Notice of Conversion and this Note. Accrued but unpaid interest shall be subject to conversion
prior to principal. If less than of all this Note is being converted at one time, the Company shall issue a new Note in the name
in the name of the Holder for the amount of principal not being converted. No fractional shares or scrip representing fractions
of shares will be issued on conversion, but the number of shares issuable shall be rounded to the nearest whole share. Any reclassification
of the outstanding shares of Common Stock shall require the appropriate adjustment of the Conversion Price to reflect the change
in economic value (i.e., 2 for 1 forward stock split shall reduce the Conversion Price to $___ per share).

 

		5.	At any time, the Company shall have the option to redeem this Note and pay to the Holder the then
unpaid principal amount, plus accrued but unpaid interest through the date of such redemption date, plus a five percent (5%) premium.
The Company shall give the Holder thirty (30) days’ written notice and the Holder during such thirty-day period shall have
the option to convert this Note or any part thereof into shares of Common Stock at the Conversion Price.

 

		6.	Upon (a) a transfer of all or substantially all of the assets of the Company to any person in a
single transaction or series of related transactions, (b) any consolidation or merger of the Company with or into another person
or entity in which the Company is not the surviving entity (other than a merger which is effected solely to change the jurisdiction
of incorporation of the Company and results in a reclassification, Conversion or exchange of outstanding shares of Common Stock
solely into shares of Common Stock) (each of items (a) and (b) being referred to as a “Sale Event”), then, in each
case, the Company shall, upon request of the Holder, redeem this Note in cash for its then unpaid principal amount, plus accrued
but unpaid interest through the date of redemption, or at the election of the Holder, such Holder may convert the unpaid principal
amount of this Note (together with the amount of accrued but unpaid interest) into shares of Common Stock immediately prior to
such Sale Event at the Conversion Price.

 

    	 	2	 

     

    

 

		7.	In case of any Sale Event in connection with which this Note is not redeemed or converted, the
Company shall cause effective provision to be made so that the Holder of this Note shall have the right thereafter, by converting
this Note, to purchase or convert this Note into the kind and number of shares of stock or other securities or property (including
cash) receivable upon such reclassification, capital reorganization or other change, consolidation or merger by a holder of the
number of shares of Common Stock that could have been purchased upon exercise of the Note and at the Conversion Price. The foregoing
provisions shall similarly apply to successive Sale Events. If the consideration received by the holders of Common Stock is other
than cash, the value shall be as determined by the Board of Directors of the Company or successor person or entity acting in good
faith.

 

Each party who is, or may become, liable
on this Note in any capacity, hereby waives presentment, demand, notice of dishonor and protest, notice of extensions, modifications
or alterations of the date or terms of payment hereof, and all surety defenses in the nature thereof and further consents to all
extensions or modifications of the due date and terms of payment of this Note. No delay or omission on the part of the Holder shall
operate as a waiver of such right or of any other right of such party, nor shall any delay, omission or waiver on any one occasion
be deemed a bar to or a waiver of the same or any other right on any future occasion.

 

Notwithstanding anything herein to the
contrary, the total interest charged on the principal amount owing hereunder from time to time shall not exceed the maximum amount
allowed by law, and the Company shall not be bound or obligated to pay any interest hereunder in excess of such amount. If and
to the extent the interest on this Note or any other payment required hereunder would exceed the maximum interest allowed by law,
then to such extent, the excess interest payment(s) shall be deemed a partial prepayment of principal.

 

The Holder shall have the absolute right
to sell and/or assign this Note, in whole or in part, and/or to enter into one or more participation agreements concerning this
Note. If Holder gives written notice of any such sale(s), assignment(s) and/or participation(s) to the Company, they shall make
payments to such subsequent holder(s) or participant(s), as the case may be.

 

Wherever the context shall so require,
the singular and plural shall mean each other and the masculine, feminine and neutral genders shall mean each other. This Note
shall be governed by the laws of the State of New Jersey.

 

THE COMPANY ACKNOWLEDGES THAT THE TRANSACTION
OF WHICH THIS NOTE IS A PART IS A COMMERCIAL TRANSACTION, AND HEREBY VOLUNTARILY AND KNOWINGLY WAIVES ITS RIGHT TO NOTICE AND HEARING
AS ALLOWED BY LAW OR ANY STATE OR FEDERAL LAW WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH THE HOLDER MAY DESIRE TO USE. FURTHER,
THE COMPANY HEREBY WAIVES, TO THE EXTENT PERMITTED BY LAW, THE BENEFITS OF ALL VALUATION, APPRAISEMENT, HOMESTEAD EXEMPTION, STAY,
REDEMPTION AND MORATORIUM LAWS, NOW IN FORCE OR WHICH MAY HEREAFTER BECOME LAW. THE COMPANY HEREBY WAIVES, TO THE EXTENT PERMITTED
BY LAW, THE BENEFITS OF TRIAL BY JURY, NOW IN FORCE OR WHICH MAY HEREAFTER BECOME LAW.

 

    	 	3	 

     

    

 

IN WITNESS WHEREOF,
the Company has executed this Convertible Promissory Note on the date written above. 

 

	 	ARISTA FINANCIAL CORP.
	 	 	 
	 	By: 	 
	 	 	Paul Patrizio
	 	 	Chief Executive Officer

 

    	 	4	 

     

    

 

NOTICE OF CONVERSION

 

The undersigned hereby
elects to convert the principal amount set forth below (together with any accrued and unpaid interest thereon) of the ___% Convertible
Notes due ____ (“Notes”) of Arista Financial Corp., a Nevada corporation (the “Company”),
into Common Stock of the Company at the applicable conversion price, as of the date written below. If Common Stock is to be issued
in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and
is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will
be charged to the holder for any conversion, except for such transfer taxes, if any.

 

Principal Amount of Note to be Converted:
$____________.

 

Name (must match name of registered owner
of the Notes being converted):

 

__________________________________

 

Name (if different from above) and Address
for Delivery of Common Stock:

 

Signature: __________________________

 

Date: _________________

 

    	 	5

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