Document:

Exhibit 10.30

 

THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THE SECURITIES
MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT,
OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SAID ACT.

 

CALLABLE SECURED CONVERTIBLE NOTE

 

	Folsom, California	 
	June 8, 2015	$40,000.00

 

FOR VALUE RECEIVED,
MyEcheck Inc., a Wyoming corporation (hereinafter called the “Borrower”), hereby promises to pay to the
order of Johann Gumpp or registered assigns (the “Holder”) the sum of Forty Thousand Dollars ($40,000), on June
8, 2016 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of ten
percent (10%) (the “Interest Rate”) per annum from June 8, 2015 (the “Issue Date”) until
the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal
and/or interest on this Note which is not paid when due shall bear interest at the rate of ten percent (15%) per annum from the
due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on the Issue
Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly. All
payments due hereunder (to the extent not converted into common stock, $0.001 per share (the “Common Stock”)
in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made
at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of
this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the
same shall instead be due on the next succeeding day which is a business day and, in the case of any interest payment date which
is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes
of determining the amount of interest due on such date. As used in this Note, the term “business day” shall mean any
day other than a Saturday, Sunday or a day on which commercial banks in the city of Folsom, California are authorized or required
by law or executive order to remain closed.

 

This Note is free from
all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other
similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms
shall apply to this Note:

 

     

     

    

 

Article
I. CONVERSION RIGHTS

 

1.1           Conversion
Right. The Holder shall have the right from time to time, and at any time on or prior to the earlier of (i) the Maturity
Date and (ii) the date of payment of the Default Amount (as defined in Article III) pursuant to Section 1.6(a) or Article III,
the Optional Prepayment Amount (as defined in Section 5.1 or any payments pursuant to Section 1.7, each in respect of the remaining
outstanding principal amount of this Note to convert all or any part of the outstanding and unpaid principal amount of this Note
into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital
stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion
price (the “Conversion Price”) determined as provided herein (a “Conversion”); provided,
however, that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of
this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its
affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion
of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on conversion
or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion
of the portion of this Note with respect to which the determination of this proviso is being made, would result in beneficial ownership
by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock and provided further
that the Holder shall not be entitled to convert any portion of this Note during any month immediately succeeding a Determination
Date on which the Borrower exercises its prepayment option pursuant to Section 5.2 of this Note. For purposes of the proviso to
the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso.
The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion
Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion,
in the form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the Borrower by the Holder
in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile (or by other means resulting
in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., Anaheim, California time on such conversion
date (the “Conversion Date”). The term “Conversion Amount” means, with respect to any conversion
of this Note, the sum of (1) the unpaid principal amount of this Note to be converted in such conversion plus (2) accrued
and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date, provided,
however, that the Borrower shall have the right to pay any or all interest in cash plus (3) Default Interest, if any, on
the amounts referred to in the immediately preceding clauses (1) and/or (2). The term “Determination Date” means
the last business day of each month after the Issue Date.

 

1.2           Conversion
Price.

 

(a)          Calculation
of Conversion Price. The Conversion Price shall be the Conversion Price (as defined herein) (subject, in each case, to
equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities
or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions
and similar events), calculated as follows: Seventy percent (70%) of the Trading Price of the Borrower’s Common Stock on
the defined Conversion Date. “Trading Price” means, for any security as of any date, the closing trading price
of such security of any market makers for such security that are listed in the “pink sheets” by the National Quotation
Bureau, Inc. or OTC Markets Group. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month
holding period.

 

(b)          Trading
Floor. The lowest price that the holder can covert (including discount) is $0.001 per share.

 

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(c)          Conversion
Price During Major Announcements. Notwithstanding anything contained in Section 1.2(a) to the contrary, in the event (i)
the Borrower makes a public announcement that it intends to consolidate or merge with any other corporation (other than a merger
in which the Borrower is the surviving or continuing corporation and its capital stock is unchanged) or sell or transfer all or
substantially all of the assets of the Borrower or (ii) any person, group or entity (including the Borrower) publicly announces
a tender offer to purchase 50% or more of the Borrower’s Common Stock (or any other takeover scheme) (the date of the announcement
referred to in clause (i) or (ii) is hereinafter referred to as the “Announcement Date”), then the Conversion
Price shall, effective upon the Announcement Date and continuing through the Adjusted Conversion Price Termination Date (as defined
below), be equal to the lower of (x) the Conversion Price which would have been applicable for a Conversion occurring on the Announcement
Date and (y) the Conversion Price that would otherwise be in effect. From and after the Adjusted Conversion Price Termination
Date, the Conversion Price shall be determined as set forth in this Section 1.2(a). For purposes hereof, “Adjusted Conversion
Price Termination Date” shall mean, with respect to any proposed transaction or tender offer (or takeover scheme) for
which a public announcement as contemplated by this Section 1.2(b) has been made, the date upon which the Borrower (in the case
of clause (i) above) or the person, group or entity (in the case of clause (ii) above) consummates or publicly announces the termination
or abandonment of the proposed transaction or tender offer (or takeover scheme) which caused this Section 1.2(b) to become operative.

 

1.3           Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized
and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock
upon the full conversion of this Note. The Borrower is required at all times to have authorized and reserved two times the number
of shares that is actually issuable upon full conversion of the Notes (based on the Conversion Price of the Notes in effect from
time to time) (the “Reserved Amount”). The Borrower represents that upon issuance, such shares will be duly
and validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to
its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the
then current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient
number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Notes.
The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock
issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its
officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary certificates
for shares of Common Stock in accordance with the terms and conditions of this Note.

 

1.4           Method
of Conversion.

 

(a)          Mechanics
of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time from time
to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile or other reasonable means
of communication dispatched on the Conversion Date prior to 6:00 p.m., Anaheim, California time) and (B) subject to Section
1.4(b), surrendering this Note at the principal office of the Borrower.

 

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(b)          Surrender
of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance
with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid
principal amount and unpaid interest of this Note is so converted. The Holder and the Borrower shall maintain records showing the
amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and
the Borrower, so as not to require physical surrender of this Note upon each such conversion. In the event of any dispute or discrepancy,
such records of the Borrower shall be controlling and determinative in the absence of manifest error. Notwithstanding the foregoing,
if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note unless the Holder first physically
surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order of the Holder a new
Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes) may request, representing
in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee, by acceptance of this Note, acknowledge
and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted
principal amount of this Note represented by this Note may be less than the amount stated on the face hereof.

 

(c)          Payment
of Taxes. The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved in
the issue and delivery of shares of Common Stock or other securities or property on conversion of this Note in a name other than
that of the Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities
or property unless and until the person or persons (other than the Holder or the custodian in whose street name such shares are
to be held for the Holder’s account) requesting the issuance thereof shall have paid to the Borrower the amount of any such
tax or shall have established to the satisfaction of the Borrower that such tax has been paid.

 

(d)          Delivery
of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission (or other reasonable
means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the
Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common
Stock issuable upon such conversion within three (3) business days after such receipt (and, solely in the case of conversion of
the entire unpaid principal amount hereof, surrender of this Note) (such third business day being hereinafter referred to as the
“Deadline”).

 

(e)          Obligation
of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed
to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of
accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its
obligations under this Article I, all rights with respect to the portion of this Note being so converted shall forthwith terminate
except the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion.
If the Holder shall have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver
the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder
to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person
or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder
of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of
any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower
to the Holder in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall be the Conversion
Date so long as the Notice of Conversion is received by the Borrower before 6:00 p.m., Anaheim, California, on such date.

 

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(f)          Failure
to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion
of this Note is more than five (5) business days after the Deadline (other than a failure due to the circumstances described in
Section 1.3 above, which failure shall be governed by such Section) the Borrower shall pay to the Holder $200 per day in cash,
for each day beyond the Deadline that the Borrower fails to deliver such Common Stock. Such cash amount shall be paid to Holder
by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to
the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount
of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal
amount shall be convertible into Common Stock in accordance with the terms of this Note.

 

1.5           Concerning
the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i)
such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall
have been furnished with an opinion of legal counsel (which opinion shall be in form, substance and scope customary for opinions
of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant
to an exemption from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or
a successor rule) (“Rule 144”) or (iv) such shares are transferred to an “affiliate” (as defined
in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who
is an Accredited Investor (as defined by Rule 144 or the SEC). Until such time as the shares of Common Stock issuable upon conversion
of this Note have been registered under the Act as contemplated by the Registration Rights Agreement or otherwise may be sold pursuant
to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold, each
certificate for shares of Common Stock issuable upon conversion of this Note that has not been so included in an effective registration
statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal of the
legend, shall bear a legend substantially in the following form, as appropriate:

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED
OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR AN OPINION OF COUNSEL IN
FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER
SAID ACT UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SAID ACT.”

 

The legend set forth above
shall be removed and the Borrower shall issue to the Holder a new certificate therefor free of any transfer legend if (i) the Borrower
or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions of counsel
in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without registration
under the Act and the shares are so sold or transferred, (ii) such Holder provides the Borrower or its transfer agent with reasonable
assurances that the Common Stock issuable upon conversion of this Note (to the extent such securities are deemed to have been acquired
on the same date) can be sold pursuant to Rule 144 or (iii) in the case of the Common Stock issuable upon conversion of this Note,
such security is registered for sale by the Holder under an effective registration statement filed under the Act or otherwise may
be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately
sold. Nothing in this Note shall (i) limit the Borrower’s obligation under the Registration Rights Agreement or (ii) affect
in any way the Holder’s obligations to comply with applicable prospectus delivery requirements upon the resale of the securities
referred to herein.

 

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1.6           Effect
of Certain Events.

 

(a)          Effect
of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially
all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which
more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of
the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i)
be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the
Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article
III) or (ii) be treated pursuant to Section 1.6(b) hereof. “Person” shall mean any individual, corporation,
limited liability company, partnership, association, trust or other entity or organization.

 

(b)          Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of
all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares
of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all
or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower,
then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the
terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion,
such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted
in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such
case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the
provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities
or assets thereafter deliverable upon the conversion hereof. The Borrower shall not effect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but in any event at least fifteen
(15) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record
date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event
or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring
entity (if not the Borrower) assumes by written instrument the obligations of this Section 1.6(b). The above provisions shall similarly
apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

(c)          Adjustment
Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets)
to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or
distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary
(i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion
of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such
assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to
such Distribution.

 

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(d)          Purchase
Rights. If, at any time when any Notes are issued and outstanding, the Borrower issues any convertible securities or rights
to purchase stock, warrants, securities or other property (the “Purchase Rights”) pro rata to the record holders
of any class of Common Stock, then the Holder of this Note will be entitled to acquire, upon the terms applicable to such Purchase
Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had held the number of shares of Common
Stock acquirable upon complete conversion of this Note (without regard to any limitations on conversion contained herein) immediately
before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record is taken,
the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

 

(e)          Notice
of Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the events
described in this Section 1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and prepare
and furnish to the Holder of a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which
such adjustment or readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such
Holder a like certificate setting forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in effect and
(iii) the number of shares of Common Stock and the amount, if any, of other securities or property which at the time would be received
upon conversion of the Note.

 

1.7           Status
as Shareholder. Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby (other than the shares,
if any, which cannot be issued because their issuance would exceed such Holder’s allocated portion of the Reserved Amount
or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the Holder’s rights as a Holder of
such converted portion of this Note shall cease and terminate, excepting only the right to receive certificates for such shares
of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure
by the Borrower to comply with the terms of this Note. Notwithstanding the foregoing, if a Holder has not received certificates
for all shares of Common Stock prior to the tenth (10th) business day after the expiration of the Deadline with respect to a conversion
of any portion of this Note for any reason, then (unless the Holder otherwise elects to retain its status as a holder of Common
Stock by so notifying the Borrower) the Holder shall regain the rights of a Holder of this Note with respect to such unconverted
portions of this Note and the Borrower shall, as soon as practicable, return such unconverted Note to the Holder or, if the Note
has not been surrendered, adjust its records to reflect that such portion of this Note has not been converted. In all cases, the
Holder shall retain all of its rights and remedies (including, without limitation, (i) the right to receive Conversion Default
Payments pursuant to Section 1.3 to the extent required thereby for such Conversion Default and any subsequent Conversion Default
and (ii) the right to have the Conversion Price with respect to subsequent conversions determined in accordance with Section 1.3)
for the Borrower’s failure to convert this Note.

 

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Article
II. CERTAIN COVENANTS

 

2.1           Distributions
on Capital Stock. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without written
consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other
securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of
Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution in respect of its capital
stock except for distributions pursuant to any shareholders’ rights plan which is approved by a majority of the Borrower’s
disinterested directors.

 

2.2           Restriction
on Stock Repurchases. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without
the Holder’s written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other
securities or otherwise) in any one transaction or series of related transactions any shares of capital stock of the Borrower or
any warrants, rights or options to purchase or acquire any such shares.

 

2.3           Borrowings.
So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent,
create, incur, assume or suffer to exist any liability for borrowed money, except (a) borrowings in existence or committed on the
date hereof and of which the Borrower has informed Holder in writing prior to the date hereof, (b) indebtedness to trade creditors
or financial institutions incurred in the ordinary course of business or (c) borrowings, the proceeds of which shall be used to
repay this Note.

 

2.4           Sale
of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business.
Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

2.5           Advances
and Loans. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without
limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a)
in existence or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof, (b)
made in the ordinary course of business or (c) not in excess of $50,000.

 

2.6           Contingent
Liabilities. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, which shall not be unreasonably withheld, assume, guarantee, endorse, contingently agree to purchase or otherwise
become liable upon the obligation of any person, firm, partnership, joint venture or corporation, except by the endorsement of
negotiable instruments for deposit or collection and except assumptions, guarantees, endorsements and contingencies (a) in existence
or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof, and (b) similar
transactions in the ordinary course of business.

 

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Article
III. EVENTS OF DEFAULT

 

If any of the following events
of default (each, an “Event of Default”) shall occur:

 

3.1           Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note,
whether at maturity, upon a Trading Market Prepayment Event pursuant to Section 1.7, upon acceleration or otherwise;

 

3.2           Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens that it will
not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms
of this Note (for a period of at least sixty (60) days, if such failure is solely as a result of the circumstances governed by
Section 1.3 and the Borrower is using its best efforts to authorize a sufficient number of shares of Common Stock as soon as practicable),
fails to transfer or cause its transfer agent to transfer (electronically or in certificated form) any certificate for shares of
Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails
to remove any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any
shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this
Note (or makes any announcement, statement or threat that it does not intend to honor the obligations described in this paragraph)
and any such failure shall continue uncured (or any announcement, statement or threat not to honor its obligations shall not be
rescinded in writing) for ten (10) days after the Borrower shall have been notified thereof in writing by the Holder;

 

3.3           Breach
of Covenants. The Borrower breaches any material covenant or other material term or condition (including especially in
Sections 1.3, 1.6 or 1.7) of this Note, and such breach continues for a period of ten (10) calendar days after written notice thereof
to the Borrower from the Holder;

 

3.4           Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
or certificate given in writing pursuant hereto or in connection herewith, shall be false or misleading in any material respect
when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder
with respect to this Note;

 

3.5           Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed;

 

3.6           Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or
any of its property or other assets for more than $50,000, and shall remain unvacated, unbonded or unstayed for a period of twenty
(20) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld;

 

3.7           Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for relief under any bankruptcy law or any
law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower, unless such proceeding
shall be stayed within thirty (30) days; or

 

    	 	9	 

     

    

 

3.8           Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTCBB or an
equivalent replacement exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American
Stock Exchange.

 

Article
IV. MISCELLANEOUS

 

4.1           Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

4.2           Notices.
Any notice herein required or permitted to be given shall be in writing and may be personally served or delivered by courier or
sent by United States mail and shall be deemed to have been given upon receipt if personally served (which shall include telephone
line facsimile transmission) or sent by courier or three (3) days after being deposited in the United States mail, certified, with
postage pre-paid and properly addressed, if sent by mail.

 

4.3           Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term
“Note” and all reference thereto, as used throughout this instrument, shall mean this instrument as originally
executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.4           Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a)
of the 1933 Act). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with
a bona fide margin account or other lending arrangement.

 

4.5           Cost
of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees. In the event any action or litigation should be commenced to enforce or declare rights,
duties, and/or obligations under this Note, the Party prevailing in such matter shall be entitled, in addition to such relief as
may be granted, to a reasonable sum as and for attorney’s fees, as well as actual costs and expenses, arising from such actions
or litigations.

 

4.6           Governing
Law. THIS NOTE SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE
TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS. THE BORROWER
HEREBY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN ORANGE COUNTY, CALIFORNIA WITH RESPECT
TO ANY DISPUTE ARISING UNDER THIS NOTE, THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY
OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING.
BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE
SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY
WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER THIS NOTE SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’
FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE.

 

    	 	10	 

     

    

 

4.7           Certain
Amounts. Whenever pursuant to this Note the Borrower is required to pay an amount in excess of the outstanding principal
amount (or the portion thereof required to be paid at that time) plus accrued and unpaid interest plus Default Interest on such
interest, the Borrower and the Holder agree that the actual damages to the Holder from the receipt of cash payment on this Note
may be difficult to determine and the amount to be so paid by the Borrower represents stipulated damages and not a penalty and
is intended to compensate the Holder in part for loss of the opportunity to convert this Note and to earn a return from the sale
of shares of Common Stock acquired upon conversion of this Note at a price in excess of the price paid for such shares pursuant
to this Note. The Borrower and the Holder hereby agree that such amount of stipulated damages is not plainly disproportionate to
the possible loss to the Holder from the receipt of a cash payment without the opportunity to convert this Note into shares of
Common Stock.

 

4.8           Allocations
of Maximum Share Amount and Reserved Amount. The Maximum Share Amount and Reserved Amount shall be allocated pro rata among
the Holders of Notes based on the principal amount of such Notes issued to each Holder. Each increase to the Maximum Share Amount
and Reserved Amount shall be allocated pro rata among the Holders of Notes based on the principal amount of such Notes held by
each Holder at the time of the increase in the Maximum Share Amount or Reserved Amount. In the event a Holder shall sell or otherwise
transfer any of such Holder’s Notes, each transferee shall be allocated a pro rata portion of such transferor’s Maximum
Share Amount and Reserved Amount. Any portion of the Maximum Share Amount or Reserved Amount which remains allocated to any person
or entity which does not hold any Notes shall be allocated to the remaining Holders of Notes, pro rata based on the principal amount
of such Notes then held by such Holders.

 

4.9           Damages
Shares. The shares of Common Stock that may be issuable to the Holder pursuant to Sections 1.3 and 1.4(g) hereof and pursuant
to Section 2(c) of the Registration Rights Agreement (“Damages Shares”) shall be treated as Common Stock issuable
upon conversion of this Note for all purposes hereof and shall be subject to all of the limitations and afforded all of the rights
of the other shares of Common Stock issuable hereunder, including without limitation, the right to be included in the Registration
Statement filed pursuant to the Registration Rights Agreement. For purposes of calculating interest payable on the outstanding
principal amount hereof, except as otherwise provided herein, amounts convertible into Damages Shares (“Damages Amounts”)
shall not bear interest but must be converted prior to the conversion of any outstanding principal amount hereof, until the outstanding
Damages Amounts is zero.

 

4.10         Time
is of the essence regarding all acts to be performed hereunder.

 

4.11         Waiver
by Borrower. The Borrower hereby waives demand, notice, presentment, protest and notice of dishonor.

 

    	 	11	 

     

    

 

4.12         Remedies.
The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for
a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the
Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing
any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic
loss and without any bond or other security being required.

 

IN WITNESS WHEREOF,
Borrower has caused this Note to be signed in its name by its duly authorized officer this 8th day of June, 2015.

 

	 	MyEcheck, Inc.
	 	 	 
	 	By:	/s/ Edward Starrs
	 	 	Edward Starrs
	 	 	Chief Executive Officer

 

    	 	12	 

     

    

 

EXHIBIT A

 

NOTICE OF CONVERSION

 

(To be Executed by
the Registered Holder in order to Convert the Debenture)

 

The undersigned hereby irrevocably elects
to convert $ __________ of the principal and/or interest amount of the included Debenture into ________________ Shares of Common
Stock of MyECheck, Inc. according to the conditions hereof, as of the date written below.

 

Date of Conversion* ____________________________________________________________

 

Conversion Price * ____________________________________________________

 

AccruedInterest________________________________________________________________

 

Signature_____________________________________________________________________

 

[Name]

 

Address:______________________________________________________________________

 

_______________________________________________________________________

 

*If such conversion represents the remaining
principal balance of the Debenture, the original Debenture must accompany this notice within three Trading Days. 

 

    	 	13Exhibit 10.31

 

 

 

MyECheckTM Authorized Reseller Agreement

 

THIS RESELLER AGREEMENT (“Agreement”)
by and between MyECheck, Inc (“MYEC”), a Wyoming corporation, with its principal place of business located at 2600
East Bidwell, Suite 190, Folsom, CA. 95628, and Avidia Bank (the "Reseller"), a Bank corporation, with its principal
place of business at 42, Main St, Hudson MA 01749, shall become effective on the date executed by a duly authorized representative
of MYEC (the “Effective Date”). MYEC and Reseller shall be individually known hereafter as a “Party,” and
collectively known as the “Parties.”.

 

WHEREAS MYEC is engaged
in the business of providing data processing services and mobile payment systems to merchants and consumers (the “Services”);
and

 

Services

WHEREAS, Reseller offers
its own proprietary payment processing products or those of third parties to merchants; and

 

WHEREAS, Reseller desires
to offer the Solution to their customer base;

 

NOW THEREFORE, in consideration
of the mutual promises made herein and other valuable consideration, receipt and sufficiency of which are hereby acknowledged,
the Parties do hereby agree as follows:

 

Definitions:

 

“Prospects” means businesses,
not currently in a business relationship with Reseller, engaged in selling legal products or services to consumers (B2C) or other
businesses (B2B) in which they need to collect payments. “Customer” shall mean businesses or persons having an existing
business relationship for payment processing services with Reseller.

 

“Fees” shall mean the
amounts paid to MYEC by Customers for the Services, which nay change from time to time based on the sole discretion of MYEC.

 

"Onboard” shall mean
the process of performing due diligence, authenticating per regulatory standards and opening a Reseller account for Prospects.

 

		1.	ServicesService Documentation. The “ServicesService Documentation” includes;

 

		a.	This Agreement and all exhibits, addendums and attachments;

 

		b.	User guides which include software and software licenses if applicable, price schedules, specifications,
instructions, and notices;

 

		c.	The applicable terms and conditions contained in the MYEC website; and

 

    
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		d.	The application form(s) for each Service.

 

The ServicesService. If there is
a conflict among the documents that makeup the ServicesService Documentation, the documents will govern in the order set forth
above. Reseller acknowledges receiving a copy of the ServicesService Documentation for each Service it requested when it entered
into this Agreement.

 

		2.	Relationship Overview. By terms of this Agreement MYEC and Reseller enter into a relationship intended
to create value to each other whereby a) MYEC integrates the ServicesService into Reseller’s payment processing platform;
and, b) MYEC refers Prospects to Reseller Services and, c) Reseller refers its existing Customer base, or new Customers added through
MYEC referral, to the ServicesService (“Net New Business to MYEC”).

 

		3.	Resale Right. MYEC hereby appoints and grants Reseller the non-exclusive and non-assignable right
to sell the Solution to its Customers or Prospects.

 

		4.	Fees and Revenue Sharing: MYEC and the Reseller have mutually negotiated and agree to the product
sales rates and fees, and the revenue sharing schedule as outlined in Exhibit A, hereby incorporated into this Agreement.

 

		5.	Billing. MYEC bills Customers on a daily-automated basis for payments processed by MYEC. MYEC shall
remit Commissions to Reseller per Exhibit A.

 

		6.	Selling the ServicesService. Reseller shall make a commercially reasonable effort to market he
Services to Customers. Reseller shall use only approved MYEC sales agreements, provided as attachments, which may change from time
to time in the sole discretion of MYEC. Reseller shall present MYEC with such signed Service agreements and MYEC will begin integration
tasks with Customer directly.

 

		7.	Duties of MYEC:

		a.	Provide Reseller with introduction and sales materials necessary to introduce the Solution to current
Customers.

		b.	Support Reseller on Customer calls as needed to answer questions.

		c.	Work with Customers to integrate the Solution into their payment processing framework, ecommerce
site or other internet-based site used to purchase products.

		d.	Provide Services references.

		e.	Integrate the Service as necessary to Customer’s bank.

		f.	Provide Reseller with monthly Service revenue sharing report.

		g.	Pay agreed upon amounts to Reseller per billing terms set forth in Section 5 above.

		h.	Provide customer and technical support as necessary to Reseller and Customers

 

		8.	Duties of the reseller:

		a.	Educate Resellers sales team on the Services.

 

    
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		b.	Introduce Customers and Prospects to the Solution via direct sales, Reseller website, and social
media as appropriate.

		c.	Close and sign MYEC agreements with Customer and Prospects.

		d.	Provide ongoing account management for Customers using the Solution.

 

		9.	Other Parties: Reseller acknowledges and understands that there are other parties (“Contractors”)
that may have been contracted by MYEC to provide software, banking, funds management, and/or other solutions that are integrated
with the Services. These Contractors may benefit from the sales of the Services.

 

		10.	Trademarks and Logo Use: Reseller’s use of MYEC trademarks, service marks, and logos (the
“logos”) must be reviewed by and receive prior written approval of MYEC for the duration of the Agreement as described
herein, and under the following terms and conditions:

 

		a.	The use is granted for the benefit of MYEC’s Resellers, and others, with a legitimate intent
to advertise and sell MYEC’s products and services, upon review and MYEC’s written approval of the use, which approval
shall not be unreasonably withheld or delayed.

 

		b.	The Reseller follows the published guidelines for use of the MYEC Logos, Service Marks, Trademarks,
Styles and Colors.

 

		c.	MYEC has full ownership rights to the Trademarks, Service Marks, and Logos and the Reseller does
not acquire any rights, title or interest in or to the marks beyond that set forth herein;

 

		d.	If the Reseller uses the Logos in conjunction with logos representing awards or publications of
companies granting such awards, it shall be the responsibility of the Reseller to give appropriate attribution to such companies,
and to correctly identify such logos with their respective companies; and

 

		e.	The Reseller may not, under any circumstances, alter the appearance of the Logos, either by alteration,
size, color or combination with any other logo. Breach of this section will be grounds for immediate termination of the use, and
any other legal remedies MYEC may deem appropriate.

 

		11.	Confidentiality. It may be necessary
from the time to time for either
or both parties to exchange Confidential Information, or
information that both parties consider to be proprietary
and/or trade secrets, the parties agree to the following terms on which they disclose such
information to each other.

 

    
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		a.	For purposes of this Agreement "Confidential Information" means any and all information
or material regarding products, services, business processes, business plans, financial information, Customers, Prospects, personnel
of either Party and other related information that is provided to either party, and other related information that is provided
to either party, including all original documents and any derivatives, portions, or copies thereof, whether in oral, written,
visual graphic, electronic, machine recognizable, or other form or medium. Both parties will make all reasonable efforts to ensure
that the Confidential Information is clearly identified and marked; provided, however, that the obligation to protect Confidential
Information shall extend to unmarked data known by the Parties to be confidential that may be disclosed orally or otherwise.

 

		b.	When tangible forms of confidential information are disclosed or exchanged by either or both parties,
such information remains the property of the discloser. Upon the written request of either respective party, all such tangible
forms of the Confidential Information shall be returned to requesting party immediately and no later than three business days,
together with the receiving party's written certification that any other copies or notes or summaries (to the extent including
the Confidential Information) have been destroyed.

 

		c.	Confidential Information shall not include information which is (i) shown by either party's written
dated records to be known to it prior to this Agreement, (ii) in the public domai1.1 and generally available to the public, or
(iii) required by law to be disclosed pursuant to judicial or other government order; Either party shall, immediately upon receiving
notice of such impending or effective legal order, notify the respective party prior to releasing the information, and shall assist
the disclosing party, to reasonable extent and upon reimbursement of reasonable expenses, in objecting to such order. In the event
that the receiving party produces the Confidential Information in response to the compulsory process, it will take reasonable steps
to limit the disclosure to the extent legally permissible.

 

		d.	Both Parties acknowledge and agree that disclosing or disseminating the Confidential Information
without the prior written approval of the disclosing party to any third party will have a material adverse effect. Parties agree
to, and shall cause their employees and affiliates, (i) to maintain the Confidential Information in the strictest confidence, and
(ii) to not use, alter, modify, disassemble, reverse engineer or de-compile any software or other materials (in any form) or documents
embodying Confidential Information, or disclose or disseminate to any third party, including any agent or affiliate, all or any
part of the Confidential Information or any analysis, studies, reports or other compilations or documents that may be prepared
by either party that makes use of, or are reflective of, the Confidential Information.

 

		12.	Information Security. For the purposes of this Agreement, “Consumer Data” shall mean
the nonpublic personal information (as defined in 15 U.S.C. § 6809(4)) and personal information (as defined in 201 C.M.R.
17.00) of the Reseller’s customers and Prospects in connection with the Services, including, but not limited to (i) an individual’s
name, address, e-mail address, IP address, telephone number and/or social security number, (ii) the fact that an individual has
a relationship with the Reseller, and (iii) an individual’s account information.

 

    
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a. MYEC from time to time have access
to Consumer Data in connection with providing the Services provided, however, that any Consumer Data may be disclosed to MYEC’s
subsidiaries, affiliates, directors, managers, members, officers, employees and agents (each a “Representative”) who
gave a clear need to know such information for the purpose providing Services to Reseller and Customers, and who agree to keep
such information confidential to the same extent as if they were parties hereto. MYEC agrees that the Consumer Data will be used
solely for the purpose of providing services to Reseller and Customers, will not be used for any other purpose, and will be kept
confidential by MYEC. MYEC will be responsible for any breach by its Representatives of their confidentiality obligations and Reseller
will be entitled to directly enforce such agreements against MYEC, and MYEC’s Representatives.

 

b. MYEC agrees to safeguard all
Consumer Data by using a commercially reasonable degree of care, but not less than that degree of care used by it in safeguarding
its own similar information or material. MYEC agrees to comply with all federal and state laws, rules and regulations concerning
privacy and data security. MYEC hereby represents and warrants that, with respect to Consumer Data that is collected, transmitted
or maintained by MYEC on behalf of Customers, MYEC has implemented and will maintain reasonable and appropriate administrative,
physical an technical safeguards to (a) protect the security and confidentiality of such information, (b) protect against any anticipated
threats or hazards to the security or integrity of such information, (c) protect against unauthorized access to or use of such
information that could result in substantial harm or inconvenience to consumers, and (d) otherwise ensure compliance with the applicable
portions of Title V of the Gramm-Leach-Bliley Act of 1999, as it may be amended, any regulations promulgated thereunder, and 201
C.M.R. 17.00 (Standards for The Protection of Personal Information of Residents of the Commonwealth of Massachusetts). With respect
to Consumer Data, such safeguards shall, at a minimum, comply with Reseller’s data security standards provided in writing
to MYEC, except to the extent that such standards are commercially unreasonable.

 

c. MYEC shall notify Reseller immediately,
and inno event later than one (1) business day, after MYEC becomes aware of a possible security breach with respect to Consumer
Data. MYEC agrees that Reseller shall have sole control of any data security breach notification regarding Consumer Data required
by applicable law. At Reseller’s request, MYEC shall investigate and remediate any data security breach affecting Consumer
Data caused by MYEC, all at MYEC’s sole expense.

 

		13.	Intellectual Property. Nothing in this Agreement shall grant any Intellectual Property rights in
any of the Services or technology other than as expressly provided for herein, all of which rights shall remain the sole and exclusive
property of MYEC.

 

    
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Nothing in this Agreement shall
grant to Reseller the right to use, replicate, or obtain any ownership right in any business methods or processes utilized by MYEC
except as expressly provided for herein. Any future additions, modifications, versions, upgrades or updates of the Services shall
be deemed to be part of the Services and benefit from the same protections as are given to the Services herein.

 

		14.	Expenses. The Parties shall be responsible for their respective business expenses, which are incurred
in the course of carrying out their respective Duties hereunder, including, but not limited to, travel, marketing materials and
phone. Parties shall not incur any debt in the name of the other.

 

		15.	This Agreement imposes no liability or obligation on MYEC for any expenditure made or incurred
by the Reseller, or for any sale or promotional activity undertaken by the Reseller, except pursuant to written and explicit request
of representatives of MYEC and as expressly provided herein.

 

		16.	Term: The term of this Agreement shall be for three (3) year from the Effective Date, unless sooner
terminated and shall automatically renew for successive one (1) year periods (the “Term”), unless either party notifies
the other in writing of an intention not to renew the Agreement within one hundred twenty (120) days of the end of the then-current
Term (“Cancellation”).

 

		17.	Termination. Termination shall not relieve either party of obligations incurred prior thereto.
Parties shall be able to terminate this Agreement as follows:

 

		a.	Termination without Cause. Either Party may terminate this Agreement by Cancellation pursuant to
section 17 above.

 

		b.	Termination for Cause. Either Party may terminate this Agreement upon the occurrence of an Event
of Default, as defined below.

 

		c.	Event of Default. Each of the following occurrences will constitute an “Event of Default”
under this Agreement:

 

		i)	Goodwill. Either Party engages in any act or omission that damages the reputation, business, or goodwill of the other
Party;

		ii)	False Representation. Any representation or warranty made by the Parties proves to have been false or misleading in
any material respect;

		iii)	Breach. Either Party fails to observe any material obligation specified in this Agreement, and such failure is not cured
within thirty (30) days of receipt of written notice thereof from the non-breaching party; or

		iv)	Bankruptcy.     The liquidation, dissolution, or discontinuance of business by a Party in any
manner or the filing of any petition by or against a Party under any federal or state bankruptcy or insolvency laws, which petition
shall not be dismissed within 60 days after filing.

 

    
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		v)	Termination of Remotely Created Checks Agreement. The termination or expiration of that certain Remotely Created Checks
Agreement between MYEC and Reseller

 

		18.	Notice or Communication. Any notice or communication required or permitted hereunder (other than
Administrative Notice) shall be in writing and may be sent by registered mail, return receipt requested, postage prepaid and addressed
to the addresses set forth below, or emailed to such address as any party entitled to notice shall have communicated in writing
to the other party. Notices and communications to MYEC and the Reseller are noted on the final page of this Agreement.

 

		19.	Relationship of Parties. The relationship between the parties established by this Agreement shall
be solely that of vendor and vendee and all rights and powers not expressly granted to the Reseller are expressly reserved to MYEC.
The Reseller shall have no right, power or authority in any way to bind MYEC to the fulfillment of any condition not herein contained,
or to any contract or obligation, expressed or implied.

 

		20.	Indemnity. Each Party shall indemnify, defend, and hold harmless the other Party and its respective
officers, directors, employees, affiliates an agents from and against losses, claims, liabilities and costs, including reasonable
Attorney’s fees, asserted by a third party that arise out of breach of this Agreement, except to the extent of a Party’s
negligence or misconduct. The indemnification obligation hereunder is contingent upon: (i) the indemnified party promptly notifying
the indemnifying party in writing of any claim; (ii) the indemnifying party having sole control over the defense and settlement
of the claim; (iii) the indemnified party reasonably cooperating during defense and settlement efforts; and (iv) the claim not
arising, in whole or in part, out of the action or inaction of the indemnified party. IN NO EVENT SHALL EITHER PARTY (OR THEIR
RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES AND AGENTS) BE LIABLE FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY,
PUNITIVE OR OTHER INDIRECT DAMAGES, OR FOR LOSS OF PROFITS, HOWSOEVER CAUSED OR ARISING AND REGARDLESS OF LEGAL THEORY OR FORSEEABILITY.

 

		21.	The Reseller expressly warrants that the MYEC Services, and any service(s), will not be used
or sold in states in which its use may violate state law.

 

		22.	Applicable Law. This Agreement shall be governed by the laws of the State of California and is
accepted by MYEC at its Corporate Office noted above. All payments hereunder shall be made at MYEC's Corporate Office address.
MYEC's rights granted hereby are cumulative and in addition to any rights it may have at law or equity.

 

    
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		23.	General.

 

		a)	Any portion of the Agreement which is inconsistent with applicable laws, regulations or rules will
be deemed modified and applied in a manner consistent therewith, and the Parties shall not incur any liability to each other as
a result of the inconsistency or modification and application. If any portion of the Agreement is deemed unenforceable or invalid,
it will not otherwise affect the enforceability or validity of the Agreement.

 

		b)	The Agreement is the entire agreement between the Parties and supersedes all prior representations,
conditions, warranties, understandings, proposals or agreements regarding a Service. No subsequent amendment or modification to
this Agreement, including Exhibit A hereto, shall be valid unless in writing and signed by both Parties. No course of dealing or
waiver of any right on one occasion will constitute a modification of the Agreement or be a waiver of that right on a subsequent
occasion.

 

		c)	Sections 4, 5, 10, 11, 12, 13, 14, and 18-25 of this agreement, plus all Exhibits of this Agreement,
will survive the expiration or termination of this Agreement.

 

		d)	Parties may not assign or transfer its rights or obligations with respect to this Agreement without
the other written consent. Each Party may assign its rights and obligations with respect to this Agreement to any successor by
merger, consolidation or corporate reorganization.

 

		e)	The parties do not intend that any agency or partnership relationship be created between them by
this Agreement. The parties are and will remain as independent contractors.

 

		f)	This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.

 

		g)	Construction. Section headings in this Agreement are for convenience only and are not to be used
in interpreting this Agreement. As used in this Agreement, the word "including" means "including but not limited
to".

 

		h)	Confidentiality of Agreement. Neither party will disclose any terms of this Agreement, including
prices or discounts, to anyone other than its attorneys, accountants or other professional advisors or to any investor or potential
investor who agrees to maintain the confidentiality of such information. Notwithstanding the foregoing, either party may make limited
disclosure of the terms of this Agreement to the extent required by law, provided that the disclosing party: (i) provides the non-disclosing
party reasonable prior notice of such disclosure, and (ii) uses its best efforts to protect and limit the disclosure of such information
to the extent possible. Notwithstanding the foregoing, the Parties agree that each may acknowledge the other as a customer.

 

    
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 Reseller’s Initial: RWC

     

    

 

		i)	Parties Advised by Counsel. This Agreement has been negotiated between Parties who are sophisticated
and knowledgeable in the matters contained herein and who have been represented by legal counsel. The provisions of this Agreement
shall be interpreted in a reasonable manner to effect the intentions of the Parties and any rule of law (including Section 1654
of the California Civil Code and any other authority of any jurisdiction of similar effect) which would require interpretation
of any ambiguities in this Agreement against the drafting Party is not applicable and is hereby waived.

 

		j)	Reseller authorizes MyECheck to issue a press release, which may contain Reseller’s stock
ticker symbol,that describes the nature of the relationship between MyECheck and Reseller.

 

		k)	Entire Agreement. Both Parties agree that this Agreement, along with the Exhibits hereto, is the
complete and exclusive statement of the mutual understanding of the Parties and supersedes and cancels all previous and contemporaneous
written and oral agreements and communications relating to the subject matter of this Agreement.

 

		l)	Force Majeure. Any delay in the performance of any duties or obligations of either Party will not
be considered a breach of this Agreement if such delay is caused by a labor dispute, market shortage of materials, fire, earthquake,
flood or any other event beyond the control of such Party, provided that such Party uses reasonable efforts, under the circumstances,
to resume performance as soon as reasonably practicable.

 

		m)	Government Rights. The Software is a "commercial item," as that term is defined at 48
C.F.R. 2.101 (Oct. 1995), consisting of "commercial computer software" and "commercial computer software documentation,"
as such terms are used in 48 C.F.R. 12.212 (Sept. 1995). Consistent with 48 C.F.R. 12.212 and 48 C.F.R. 227.7202-1 through 227.7202-4
(June 1995) (or an equivalent provision, e.g., in supplements of various U.S. government agencies, as applicable), all U.S. Government
users acquire the Software with only those rights set forth herein.

 

		n)	Notices. All notices and other communications required or permitted by this Agreement to be delivered
to the other party shall be delivered in writing to the address shown below, either personally or by registered, certified or express
mail, return receipt requested, postage prepaid, to the address for such party specified below or to such other address as the
party may from time to time advise the other party, and shall be deemed given and received as of actual personal delivery, on the
first business day after the date of delivery shown on any return receipt if registered, certified or express mail is used, as
the case may be:

 

    
	 	Page 9 of 11
 
 Proprietary and Confidential	MyEcheck’s Initial: JTF
 
 Reseller’s Initial: RWC

     

    

 

	For the MyEcheck:	For Reseller
	 	 
	President, MyECheck, Inc.	AVIDIA BANK
	2600 E. Bidwell St. Suite 190	42 MAIN ST.
	Folsom, CA 95630	HUDSON, MA 01749
	Att: President	ATT:  COO

 

IN WITNESS WHEREOF, the parties
have caused this Agreement to be executed by their duly authorized officers as of the date indicated below.

 

	Accepted:	 	Accepted:
	Reseller	 	MYEC
	 	 	 
	/s/ Robert W. Conery	 	/s/ James T. Fancher
	Signature	 	Signature
	 	 	 
	ROBERT W. CONERY	 	JAMES T. FANCHER
	Name	 	Name
	 	 	 
	COO	 	COO
	Title	 	Title
	 	 	 
	5-7-2015	 	5/7/15
	Date	 	Date

 

    
	 	Page 10 of 11
 
 Proprietary and Confidential	MyEcheck’s Initial: JTF
 
 Reseller’s Initial: RWC

     

    

 

Exhibit A

 

Fees and Revenue Sharing

 

For Net New Business to MYEC:

 

		•	Reseller shall receive twenty (20) percent of MYEC's Fees paid by
those Customers using the Solution. 

		•	MYEC shall not be entitled to any share of Reseller revenue associated
with their monthly account fees, interest income or cross sell of other Reseller products including but not limited to loans, cards,
etc.

 

For Net New Business to Reseller:

 

		•	Reseller shall receive no revenue share on MYEC Fees.

		•	MYEC shall receive only their Fees and no share of Reseller revenue
associated with their monthly account fees, interest income or cross sell of other Reseller products including but not limited
to loans, cards, etc.

 

Billing:

		·	MyEcheck shall bill Customers using the Solution the appropriate Fee on a daily automated basis.

		·	MyEcheck shall pay Reseller their revenue share portion within the first five (5) business days of each calendar month for
the prior month’s activity.

 

    
	 	Page 11 of 11
 
 Proprietary and Confidential	MyEcheck’s Initial: JTF
 
 Reseller’s Initial: RWC

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