Document:

Certificate of Designations

 EXHIBIT 4.1 
 

 
 Filing Acknowledgment 
 July 29, 2008 
  

					
	 Job Number
 C20080729-1730
	 	 Corporation Number
 C19658-2004
	 	
			
	 Filing Description 
  
 Designation
	 	 Document Filing
 Number 
 20080502237-79
	 	 Date/Time of Filing
  
 July 29, 2008 12:30:56 PM

		
	 Corporation Name
  
 MEDICAL SOLUTIONS
 MANAGEMENT INC.
	 	 Registered Agent
  
 CSC SERVICES OF NEVADA, INC.

 The attached document(s) were filed with the Nevada Secretary of State, Commercial Recordings Division. The filing
date and time have been affixed to each document, indicating the date and time of filing. A filing number is also affixed and can be used to reference this document in the future. 
 Respectfully 
 ROSS MILLER 
 Secretary of State 
 Commercial Recording Division 
 202 N. Carson Street 
 Carson City, Nevada 89701-4069 
 Telephone (775)
684-5708 
 Fax (775) 684-7138 

			
	

	  	 ROSS MILLER
 Secretary of State
 204 North Carson Street, Ste 1
 Carson City, Nevada 89701-4299
 (775) 684-5708
 Website: www.nvsos.gov

 

 
  

			
	USE BLACK INC ONLY—DO NOT HIGHLIGHT	 	ABOVE SPACE IS FOR OFFICE USE ONLY

 Certificate of Designation for 
 Nevada Profit Corporation 
 (Pursuant to NRS 78.1955 
 1. Name of corporation 
  

	
	 Medical Solutions Management Inc.
  

 2. By resolution of the board of directors pursuant to a provision in the articles of incorporation this
certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock. 
  

	
	 Of the 4,000,000 shares of authorized Preferred Stock, 798,906 shares shall be
designated Series D Convertible Preferred Stock with a par value of $.0001 per share.
  
 See Attachment 1.
  
  

  
  

			
	3. Effective date of filing: (optional)	  	 
		  	(must not be later than 90 days after the certificate is filed)

 4. Signature: (required) 
 X /s/ Lowell M.
Fisher                                        
     
 Signature of Officer 
 Filing Fee:
$175.00 
 IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected. 
 This form must be accompanied by appropriate fees. 

 CERTIFICATE OF DESIGNATIONS, 
 PREFERENCES AND RIGHTS 
 of 
 SERIES D CONVERTIBLE PREFERRED STOCK 
 of 
 MEDICAL SOLUTIONS MANAGEMENT INC. 
 Medical Solutions Management Inc., a corporation organized and existing under the laws of the State of Nevada (the “Corporation”), acting in accordance with §78.195 of the Nevada Revised
Statutes, hereby certifies that the Board of Directors of the Corporation (the “Board of Directors” or the “Board”), pursuant to authority of the Board of Directors as required by applicable corporate law, and in
accordance with the provisions of its certificate of incorporation and bylaws, has and hereby authorizes a series of the Corporation’s previously authorized Preferred Stock, par value $.0001 per share (the “Preferred Stock”),
and hereby states the designation and number of shares, and fixes the rights, preferences, privileges, powers and restrictions thereof, as follows: 
 SERIES D CONVERTIBLE PREFERRED STOCK DESIGNATION AND AMOUNT 
 798,906 shares of the authorized and unissued Preferred Stock
of the Corporation are hereby designated “Series D Convertible Preferred Stock” with the following rights, preferences, powers, privileges, restrictions, qualifications and limitations. Capitalized terms used and not otherwise
immediately defined are defined in Section 8 below. 
 1. Stated Value. The par value of each issued share of Series D
Convertible Preferred Stock shall be $.0001 per share, and the stated value of each issued share of Series D Convertible Preferred Stock shall be deemed to be $10.00 (the “Stated Value”), subject to increase set forth in
Section 2 below. 
 2. Dividends. 
 a. Dividends on Series D Convertible Preferred Stock. The holders of shares of Series D Convertible Preferred Stock shall be entitled to receive, and the Corporation shall pay, a cumulative dividend for each
such share at a rate per annum equal to ten percent (10%) of the Stated Value (as such term is defined in Section 1 above) thereof, payable semi-annually on June 30 and December 31, beginning on December 31, 2008 and
on each Conversion Date (as such term is defined in Section 5(b) below) (with respect only to Series D Convertible Preferred Stock being converted) (each such date, a “Dividend Payment Date”) (if any Dividend Payment
Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day), by one of the following methods, as selected by the Corporation in its discretion: (i) in cash, to the extent funds are legally available
therefor in accordance with applicable corporate law; or (ii) in-kind, with shares of Common Stock registered for resale on Form SB-2 (or an alternative available form if the reporting company is not eligible to file a Form SB-2), which such
shares shall be valued solely for such purpose at a ten percent (10%) discount to average VWAP for the 5 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Dividend Payment Date. Notwithstanding the
foregoing, [A] if a registration statement registering the shares of Common Stock for resale is not effective, then the Corporation shall make the dividend payment pursuant to Section 2(a)(i) above, and [B] if funds are not legally
available for payment of the dividend in accordance with applicable corporate law, and a registration statement registering the shares of Common Stock for resale is not effective, then, at the election of such Holder, such dividends shall accrue to
the next Dividend Payment Date (subject to Section 2(b) below) or shall be accredited to, and increase, the outstanding Stated Value. Dividends on the Series D Convertible Preferred Stock shall be calculated on the basis of a 360-day
year, consisting of twelve 30 calendar day periods, shall accrue daily commencing on the Original Issue Date, and shall be deemed to accrue from such date whether or not earned or declared and whether or not there are profits, surplus or other funds
of the Corporation legally available for the payment of dividends. Except as otherwise provided herein, if at any time the Corporation pays dividends partially in cash and partially in shares, then such payment shall be distributed ratably among the
Holders based upon the number of shares of Series D Convertible Preferred Stock held by each Holder on such Dividend Payment Date. If at any time the Corporation delivers a notice to the Holders of its election to pay the dividends in shares of
Common Stock, the Corporation shall timely file a prospectus supplement pursuant to Rule 424 of the Exchange Act disclosing such election. 

 b. Priority of Payment. In the event that full dividends are not paid under
Section 2(a) above to the holders of all outstanding shares of Series D Convertible Preferred Stock so entitled to such payment and funds available for payment of dividends shall be insufficient to permit payment in full to holders of
all such stock of the full preferential amounts to which they are then entitled, then the entire amount available for payment of dividends shall be distributed, first, ratably among all holders of Series D Convertible Preferred Stock and the holders
of shares of the Corporation’s 6% Series A Convertible Preferred Stock (the “Series A Convertible Preferred Stock”) and the holders of the Corporation’s Series B Convertible Preferred Stock (the “Series B
Convertible Preferred Stock”) in proportion to the full amount to which they would otherwise be respectively entitled and, second, only after the holders of Series D Convertible Preferred Stock, Series A Convertible Preferred Stock and
Series B Convertible Preferred Stock have received the full amount of dividends to which they were entitled, ratably among all holders of other Preferred Stock and Common Stock ranking junior to the Series D Convertible Preferred Stock in proportion
to the full amount to which they would otherwise be respectively entitled. 
 3. Voting. 
 a. Voting Rights. Except as otherwise provided herein or as otherwise required by law, each holder of the shares of Series D Convertible Preferred
Stock shall have the right to the number of votes equal to the number of Conversion Shares then issuable upon conversion of the Series D Convertible Preferred Stock, without regard to the limitations set forth in Section 5(f) below, held
by such Holder in all matters as to which shareholders are required or permitted to vote, and with respect to such vote, such Holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and
shall be entitled, notwithstanding any provision in this certificate of incorporation as amended hereby, to vote, together with the holders of Common Stock as a single class, with respect to any question upon which holders of Common Stock have the
right to vote. To the extent permitted under applicable corporate law, but subject to Section 3(c) below, the Corporation’s shareholders may take action by the affirmative vote of a majority of all shareholders of this Corporation
entitled to vote on an action. 
 b. So long as fifty percent (50%) of the shares of Series D Preferred Stock issued and outstanding on
the Original Issue Date remain issued and outstanding,, the holders of record of the shares of Series D Preferred Stock, exclusively and as a separate class, shall be entitled to elect four (4) directors of the Corporation (the
“Series D Directors”) by, affirmative vote of the holders of no-less than fifty percent (50%) of the then-outstanding Stated Value of the Series D Convertible Preferred Stock consenting or voting (as the case may be),
given either at a special meeting of such stockholders duly called for that purpose or pursuant to a written consent of such stockholders. Any director elected pursuant to this Section 3(b) may be removed without cause by, and
only by, affirmative vote of the holders of no-less than fifty percent (51%) of the then-outstanding Stated Value of the Series D Preferred Stock consenting or voting (as the case may be) as a separate class from the Common Stock, given either
at a special meeting of such stockholders duly called for that purpose or pursuant to a written consent of such stockholders. The holders of record of the shares of Common Stock and of any other class or series of voting stock (including the Series
A Preferred Stock, Series B Preferred Stock, and Series D Preferred Stock), exclusively and voting together as a single class, shall, subject to any other rights of any additional series of Preferred Stock that may be established from time to time,
be entitled to elect the balance of the total number of Directors of the Corporation. At any meeting held for the purpose of electing a director, the presence in person or by proxy of the holders of a majority of the outstanding shares of the
class or series entitled to elect such director shall constitute a quorum for the purpose of electing such director. A vacancy in any directorship filled by the holders of any class or series shall be filled only by vote or written consent in
lieu of a meeting of the holders of such class or series or by any remaining director or directors elected by the holders of such class or series pursuant to this Section 3(b). 
 c. Limitations on Corporate Actions. Notwithstanding anything to the contrary in Section 3(a) above, so long as at least twenty
percent (20%) of the shares of Series D Preferred Stock issued and outstanding on the Original Issue Date remain issued and outstanding, the Corporation shall not, without the written consent or affirmative vote of the holders of at least a
majority of the then-outstanding shares of Series D Preferred Stock consenting or voting (as the case may be) as a separate class from the Common Stock, either directly or by amendment, merger, consolidation or otherwise: 

 (i) amend its certificate or articles of incorporation in any manner that adversely affects the rights
of the Holders; 
 (ii) alter or change adversely the voting or other powers, preferences, rights, privileges, or restrictions of the Series
D Convertible Preferred Stock contained herein or alter or amend this Certificate of Designation; 
 (iii) increase the authorized number of
shares of Preferred Stock or the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock; 
 (iv) redeem, purchase or
otherwise acquire directly or indirectly any Junior Stock or any shares pari passu with the Series D Convertible Preferred Stock; 
 (v) directly or indirectly pay or declare any dividend or make any distribution in respect of, any Junior Stock, or set aside any monies for the purchase or redemption (through a sinking fund or otherwise) of any
Junior Stock or any shares pari passu with the Series D Convertible Preferred Stock; 
 (vi) authorize or create any
class of stock ranking as to dividends, redemption or distribution of assets upon a Liquidation (as defined in Section 4 below) senior to or otherwise pari passu with the Series D Convertible Preferred Stock; or 
 (vii) enter into any agreement with respect to any of the foregoing. 
 4. Liquidation, Dissolution or Winding-Down. 
 a. Payments to Holders of Series D Convertible
Preferred Stock. Upon any liquidation, dissolution or winding-down of the Corporation, whether voluntary or involuntary (a “Liquidation”), the holders of the shares of Series D Convertible Preferred Stock shall rank pari
passu with the holders of the Series A Convertible Preferred Stock and Series B Convertible Preferred Stock and shall be paid in cash, before any payment shall be paid to the holders of Common Stock, or any other Junior Stock, an amount for each
share of Series D Convertible Preferred Stock held by such holder equal to the sum of (1) the Stated Value thereof and (2) an amount equal to dividends accrued but unpaid thereon, computed to the date payment thereof is made available
(such applicable amount payable with respect to a share of Series D Convertible Preferred Stock sometimes being referred to as the “Individual Series D Preferred Liquidation Preference Payment” and with respect to all shares of
Series D Convertible Preferred Stock in the aggregate sometimes being referred to as the “Aggregate Series D Liquidation Preference Payment”). If, upon such liquidation, dissolution or winding-up of the Corporation, whether
voluntary or involuntary, the assets to be distributed among the holders of shares of Series D Convertible Preferred Stock and any class or series of stock ranking on parity with the Series D Convertible Preferred Stock shall be insufficient to
permit payment to the holders of Series D Convertible Preferred Stock the full preferential amount to which they shall be entitled, the holders of shares of Series D Convertible Preferred Stock and any class or series of stock ranking on liquidation
on a parity with the Series D Convertible Preferred Stock shall share ratably in any distribution of the remaining assets available for distribution in proportion to the respective amounts that would otherwise be payable in respect of the shares
held by them upon such distribution if all amounts payable on or with respect to such shares were paid in full. 
 b. Payments to Holders
of Junior Stock. After the payment of all preferential amounts required to be paid to the holders of the Series D Convertible Preferred Stock and any other class or series of stock of the Corporation ranking on liquidation senior to or on a
parity with the Series D Convertible Preferred Stock, the holders of shares of Junior Stock then outstanding shall be entitled to receive the remaining assets of the Corporation available for distribution to its stockholders as otherwise set forth
in the Corporation’s certificate or articles of incorporation. 
 5. Conversion. The holders of Series D Convertible Preferred
Stock shall have the conversion rights as follows. 

 a. Right to Convert. Each share of Series D Convertible Preferred Stock shall be convertible, at
the option of the holder thereof, at any time after the Original Issue Date (subject to the limitations set forth in Section 5(f) below), and without the payment of additional consideration by the holder thereof, into such number of
fully-paid and nonassessable shares of Common Stock as is determined by dividing (1) the sum of (i) the Stated Value per share and (ii) all dividends accrued and unpaid on each such share to the date such share is converted, whether
or not declared, and all other dividends declared and unpaid on each such share through the date of actual conversion, by (2) the Series D Conversion Price in effect at the time of conversion. The “Series D Conversion Price”
shall be ten cents ($0.10); provided, however, that the Series D Conversion Price, and the rate at which shares of Series D Convertible Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided in
Section 6. below. Shares of Series D Convertible Preferred Stock converted into Common Stock or redeemed in accordance with the terms hereof shall be canceled and shall not be reissued. 
 b. Holders shall effect conversions by providing the Corporation with the form of conversion notice attached hereto as Annex A (a “Notice
of Conversion”). Each Notice of Conversion shall specify the number of shares of Series D Convertible Preferred Stock to be converted, the number of shares of Series D Convertible Preferred Stock owned prior to the conversion at issue, the
number of shares of Series D Convertible Preferred Stock owned subsequent to the conversion at issue and the date on which such conversion is to be effected, which date may not be prior to the date the applicable Holder delivers by facsimile such
Notice of Conversion to the Corporation (such date, the “Conversion Date”). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion to the Corporation is
deemed delivered hereunder. To effect conversions of shares of Series D Convertible Preferred Stock, a Holder shall not be required to surrender the certificate(s) representing such shares of Series D Convertible Preferred Stock to the Corporation
unless all of the shares of Series D Convertible Preferred Stock represented thereby are so converted, in which case such Holder shall deliver the certificate representing such shares of Series D Convertible Preferred Stock promptly following the
Conversion Date at issue. Certificates representing the Series D Convertible Preferred Stock shall have the following legend: 
 THE
HOLDER AND ANY ASSIGNEE OR TRANSFEREE, BY ACCEPTANCE OF THIS STOCK CERTIFICATE, ACKNOWLEDGE AND AGREE THAT, PURSUANT TO SECTION 5.B. OF THE CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF THE SERIES D CONVERTIBLE PREFERRED STOCK, THE NUMBER
OF SHARES REFLECTED ON THE FACE OF THIS CERTIFICATE MAY NOT BE THE ACTUAL NUMBER OF SHARES HELD BY THE HOLDER OR ASSIGNEE. PLEASE INQUIRE WITH THE CORPORATION AS TO THE ACTUAL NUMBER OF SHARES EVIDENCED BY THIS CERTIFICATE. 
 c. Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of the Series D Convertible Preferred Stock. In lieu of
any fractional shares to which the holder would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the fair market value of a share of Common Stock as determined in good faith by the Board of Directors, or
round-up to the next whole number of shares, at the Corporation’s option. Whether or not fractional shares would be issuable upon such conversion shall be determined on the basis of the total number of shares of Series D Convertible Preferred
Stock the holder is at the time converting into Common Stock and the aggregate number of shares of Common Stock issuable upon such conversion. 
 d. Mechanics of Conversion. 
 (i) Delivery of Certificate Upon Conversion. Not later than five Trading Days after
each Conversion Date (the “Share Delivery Date”), the Corporation shall deliver, or cause to be delivered, to the converting Holder a certificate or certificates which shall be free of restrictive legends and trading restrictions
(other than those which may then be required by applicable securities laws) representing the number of shares of Common Stock being acquired upon the conversion of shares of Series D Convertible Preferred Stock. The Corporation shall, upon request
of such Holder, use its reasonable efforts to deliver any certificate or certificates required to be delivered by the Corporation under this Section electronically through the Depository Trust Company or another established clearing corporation
performing similar functions. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the fifth Trading Day after the Conversion Date, the applicable Holder shall be
entitled to elect by written notice to the Corporation at any time 

 
on or before its receipt of such certificate or certificates, to rescind such Conversion Notice by written notice to the Corporation, in which event the
Corporation shall promptly return to such Holder any original Series D Convertible Preferred Stock certificate delivered to the Corporation and such Holder shall promptly return any Common Stock certificates representing the shares of Series D
Convertible Preferred Stock tendered for conversion to the Corporation. 
 (ii) Obligation Absolute; Damages. The Corporation’s
obligation to issue and deliver the Conversion Shares upon conversion of Series D Convertible Preferred Stock in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by a Holder to enforce the same,
any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by
such Holder or any other Person of any obligation to the Corporation; provided, however, that such delivery shall not operate as a waiver by the Corporation of any such action that the Corporation may have against such Holder. If the
Corporation fails to deliver to a Holder such certificate or certificates pursuant to this Section on the fifth Trading Day after the Share Delivery Date applicable to such conversion, the Corporation shall pay to such Holder, in cash, as liquidated
damages and not as a penalty, for each $1,000 of Stated Value of Series D Convertible Preferred Stock being converted, $10 per Trading Day (increasing to $20 per Trading Day on the tenth Trading Day after the Share Delivery Date) for each Trading
Day after such fifth Trading Day after the Share Delivery Date until such certificates are delivered. 
 e. Reservation of Shares Issuable
Upon Conversion. The Corporation covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock for the sole purpose of issuance upon conversion of the Series D Convertible Preferred
Stock and payment of dividends on the Series D Convertible Preferred Stock, each as herein provided, free from preemptive rights or any other actual contingent purchase rights of Persons other than the Holders of the Series D Convertible Preferred
Stock, not less than such aggregate number of shares of the Common Stock as shall be issuable upon the conversion of all outstanding shares of Series D Convertible Preferred Stock and payment of dividends hereunder. The Corporation covenants that
all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid and nonassessable. 
 f. Beneficial Ownership Limitation. The Corporation shall not effect any conversion of the Series D Convertible Preferred Stock, and a Holder shall not have the right to convert any portion of the Series D Convertible
Preferred Stock, to the extent that, after giving effect to the conversion set forth on the applicable Notice of Conversion, such Holder (together with such Holder’s Affiliates, and any other person or entity acting as a group together with
such Holder or any of such Holder’s Affiliates) would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by
such Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of the Series D Convertible Preferred Stock with respect to which such determination is being made, but shall exclude the number of shares of
Common Stock which are issuable upon (A) conversion of the remaining, unconverted Stated Value of Series D Convertible Preferred Stock beneficially owned by such Holder or any of its Affiliates and (B) exercise or conversion of the
unexercised or unconverted portion of any other securities of the Corporation subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by such Holder or any of its Affiliates. Except as
set forth in the preceding sentence, for purposes of this Section 5(f), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. To the
extent that the limitation contained in this Section applies, the determination of whether the Series D Convertible Preferred Stock is convertible (in relation to other securities owned by such Holder together with any Affiliates) and of how many
shares of Series D Convertible Preferred Stock are convertible shall be in the sole discretion of such Holder, and the submission of a Notice of Conversion shall be deemed to be such Holder’s determination of whether the shares of Series D
Convertible Preferred Stock may be converted (in relation to other securities owned by such Holder together with any Affiliates) and how many shares of the Series D Convertible Preferred Stock are convertible, in each case subject to such aggregate
percentage limitations. To ensure compliance with this restriction, each Holder will be deemed to represent to the Corporation each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the restrictions set forth in
this paragraph and the Corporation shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated 

 
above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of
this Section, in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as stated in the most recent of the following: (A) the Corporation’s most recent Form
10-QSB or Form 10-KSB, as the case may be, (B) a more recent public announcement by the Corporation or (C) a more recent notice by the Corporation or the Corporation’s transfer agent setting forth the number of shares of Common Stock
outstanding. Upon the written or oral request of a Holder, the Corporation shall within two Trading Days confirm orally and in writing to such Holder the number of shares of Common Stock then outstanding. In any case, the number of
outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Corporation, including the Series D Convertible Preferred Stock, by such Holder or its Affiliates since the date as of
which such number of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of
shares of Common Stock issuable upon conversion of Series D Convertible Preferred Stock held by the applicable Holder. The Beneficial Ownership Limitation provisions of this Section may be waived by such Holder, at the election of such Holder, upon
not less than 61 days’ prior notice to the Corporation, to change the Beneficial Ownership Limitation to 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock
upon conversion of Series D Convertible Preferred Stock held by the applicable Holder and the provisions of this Section shall continue to apply. Upon such a change by a Holder of the Beneficial Ownership Limitation from such 4.99% limitation to
such 9.99% limitation, the Beneficial Ownership Limitation shall not be further waived by such Holder. The limitations contained in this paragraph shall apply to a successor holder of Series D Convertible Preferred Stock. 
 6. Certain Adjustments. 
 a. Stock
Dividends and Stock Splits. If the Corporation, at any time while this Series D Convertible Preferred Stock is outstanding: (A) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on
shares of Common Stock or any other Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Corporation upon conversion of, or payment of a dividend on, this Series D Convertible Preferred
Stock or the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock); (B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse stock split)
outstanding shares of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Corporation, then the Series D Conversion Price shall be
multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Corporation) outstanding immediately before such event and of which the denominator shall be the number of shares of
Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section 6(a) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or
distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification. 
 b. Subsequent Equity Sales. If, at any time while this Series D Convertible Preferred Stock is outstanding, the Corporation or any Subsidiary, as applicable, sells, grants or otherwise issues (or announces any sale, grant or other
issuance related to the foregoing) any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock at an effective price per share that is lower than the then Conversion Price (such lower price, the “Base
Conversion Price” and such issuances collectively, a “Dilutive Issuance”) (if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, reset
provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled to receive shares of Common Stock at an effective price per
share that is lower than the Conversion Price, such issuance shall be deemed to have occurred for less than the Conversion Price on such date of the Dilutive Issuance), then the Conversion Price shall be reduced to equal the Base Conversion Price.
Notwithstanding the foregoing, no adjustment will be made under this Section 6(b) in connection with an Exempt Issuance. The Corporation shall notify the Holders in writing, no later than the Business Day following the issuance of any
Common Stock or Common Stock Equivalents subject to this Section 6(b), indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice, the
“Dilutive Issuance Notice”). For purposes of clarification, whether or not the Corporation provides a Dilutive Issuance Notice pursuant 

 
to this Section 6(b), upon the occurrence of any Dilutive Issuance, the Holders are entitled to receive a number of Conversion Shares based upon
the Base Conversion Price on or after the date of such Dilutive Issuance, regardless of whether a Holder accurately refers to the Base Conversion Price in the Notice of Conversion. 
 c. Subsequent Rights Offerings. If the Company, at any time while Series D Convertible Preferred Stock is outstanding, shall issue rights, options
or warrants to all holders of Common Stock (and not to Holders) entitling them to subscribe for or purchase shares of Common Stock at a price per share less than the VWAP as of the record date mentioned below, then the Conversion Price shall be
multiplied by a fraction, of which the denominator shall be the number of shares of the Common Stock outstanding on the date of issuance of such rights or warrants plus the number of additional shares of Common Stock offered for subscription or
purchase, and of which the numerator shall be the number of shares of the Common Stock outstanding on the date of issuance of such rights, options or warrants plus the number of shares which the aggregate offering price of the total number of shares
so offered (assuming receipt by the Company in full of all consideration payable upon exercise of such rights, options or warrants) would purchase at such VWAP. Such adjustment shall be made whenever such rights, options or warrants are issued, and
shall become effective immediately after the record date for the determination of stockholders entitled to receive such rights, options or warrants. 
 d. Pro Rata Distributions. If the Corporation, at any time while this Series D Convertible Preferred Stock is outstanding, distributes to all holders of Common Stock (and not to Holders) evidences of its
indebtedness or assets (including cash and cash dividends) (other than stock dividends, which shall be subject to Section 6(a) and the dividends due pursuant to Section 1 hereof), then, in each such case, the Conversion Price shall
be adjusted by multiplying such Conversion Price in effect immediately prior to the record date fixed for determination of stockholders entitled to receive such distribution by a fraction of which the denominator shall be the VWAP determined as of
the record date mentioned above, and of which the numerator shall be such VWAP on such record date less the then fair market value at such record date of the portion of such assets, evidence of indebtedness or rights or warrants so distributed
applicable to one outstanding share of the Common Stock as determined by the Board of Directors of the Corporation in good faith. In either case the adjustments shall be described in a statement delivered to the Holders describing the portion of
assets or evidences of indebtedness so distributed or such subscription rights applicable to one share of Common Stock. Such adjustment shall be made whenever any such distribution is made and shall become effective immediately after the record date
mentioned above. 
 e. Fundamental Transaction. If, at any time while this Series D Convertible Preferred Stock is outstanding,
(i) the Corporation effects any merger or consolidation of the Corporation with or into another Person, (ii) the Corporation effects any sale of all or substantially all of its assets in one transaction or a series of related transactions,
(iii) any tender offer or exchange offer (whether by the Corporation or another Person) is completed pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or
(iv) the Corporation effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property (in any such case, a
“Fundamental Transaction”), then, upon any subsequent conversion of this Series D Convertible Preferred Stock, the Holders shall have the right to receive, for each Conversion Share that would have been issuable upon such conversion
immediately prior to the occurrence of such Fundamental Transaction, the same kind and amount of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately
prior to such Fundamental Transaction, the holder of one share of Common Stock (the “Alternate Consideration”). For purposes of any such conversion, the determination of the Conversion Price shall be appropriately adjusted to apply
to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Corporation shall apportion the Conversion Price among the Alternate
Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holders shall be given the same choice as to the Alternate Consideration it receives upon any conversion of this Series D Convertible Preferred Stock following such Fundamental Transaction. To the extent necessary to effectuate
the foregoing provisions, any successor to the Corporation or surviving entity in such Fundamental Transaction shall file a new Certificate of Designation with the same terms and conditions and issue to the Holders new preferred stock consistent
with the foregoing provisions and evidencing the Holders’ right to convert such preferred stock into Alternate Consideration. The terms of any agreement pursuant to which a 

 
Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the provisions of this
Section 6(e) and insuring that this Series D Convertible Preferred Stock (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. 
 f. Calculations. All calculations under this Section 6 shall be made to the nearest cent or the nearest 1/100th of a share, as the
case may be. For purposes of this Section 6, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of the
Corporation) issued and outstanding. 
 g. Notice to the Holders. 
 (i) Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 6, the
Corporation shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. 
 (ii) Notice to Allow Conversion by Holder. If (A) the Corporation shall declare a dividend (or any other distribution in whatever form) on
the Common Stock, (B) the Corporation shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the Corporation shall authorize the granting to all holders of the Common Stock of rights or warrants to
subscribe for or purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Corporation shall be required in connection with any reclassification of the Common Stock, any consolidation or
merger to which the Corporation is a party, any sale or transfer of all or substantially all of the assets of the Corporation, of any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property or
(E) the Corporation shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Corporation, then, in each case, the Corporation shall cause to be filed at each office or agency maintained for the
purpose of conversion of this Series D Convertible Preferred Stock, and shall cause to be delivered to each Holder at its last address as it shall appear upon the stock books of the Corporation, at least 10 calendar days prior to the applicable
record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of
which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share
exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such reclassification, consolidation, merger, sale, transfer or share exchange, provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to
be specified in such notice. The Holder is entitled to convert the Series D Convertible Preferred Stock (or any part hereof) during the 10-day period commencing on the date of such notice through the effective date of the event triggering such
notice. 
 7. Redemption Upon Triggering Events. 
 a. “Triggering Event” means any one or more of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment,
decree or order of any court, or any order, rule or regulation of any administrative or governmental body): 
 (i) [A] the Corporation
merges into or consolidates with any other Person, or any Person merges into or consolidates with the Corporation and, after giving effect to such transaction, the shareholders of the Corporation immediately prior to such transaction own less than
66% of the aggregate voting power of the Corporation or the successor entity of such transaction, or [B] the Corporation sells or transfers all or substantially all of its assets to another Person and the shareholders of the Corporation
immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, or [C] the execution by the Corporation of an agreement to which the Corporation is a party or by
which it is bound, providing for any of the events set forth in clauses [A] through [B] herein; 

 (ii) the Corporation shall fail to have available a sufficient number of authorized and unreserved
shares of Common Stock to issue to such Holder upon a conversion hereunder; 
 (iii) unless specifically addressed elsewhere in this
Certificate of Designations as a Triggering Event, the Corporation shall fail to observe or perform any other covenant, agreement or warranty contained in this Certificate of Designations, and such failure or breach shall not, if subject to the
possibility of a cure by the Corporation, have been cured within 20 calendar days after the date on which written notice of such failure or breach shall have been delivered; 
 (iv) there shall have occurred a Bankruptcy Event; or 
 (v) any monetary judgment, writ or similar final process shall be entered or filed against the Corporation, any Subsidiary or any of their respective property or other assets for greater than $100,000, and such
judgment, writ or similar final process shall remain unvacated, unbonded or unstayed for a period of 30 calendar days. 
 b. Upon the
occurrence of a Triggering Event, each Holder shall (in addition to all other rights it may have hereunder or under applicable law) have the right, exercisable at the sole option of such Holder, to require the Corporation to redeem all of the Series
D Convertible Preferred Stock then held by such Holder for a redemption price equal to the Stated Value of the Series D Convertible Preferred Stock, plus all accrued and unpaid dividends (the “Triggering Redemption Amount”). The
Triggering Redemption Amount shall be due and payable within five Trading Days of the date on which the notice for the payment therefor is provided by a Holder. If the Corporation fails to pay in full the Triggering Redemption Amount hereunder on
the date such amount is due in accordance with this Section, the Corporation will pay interest thereon at a rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law, accruing daily from such date until the
Triggering Redemption Amount, plus all such interest thereon, is paid in full. For purposes of this Section, a share of Series D Convertible Preferred Stock is outstanding until such date as the applicable Holder has been paid the Triggering
Redemption Amount in cash. 
 8. Definitions. As used herein, the following terms shall have the following meanings: 
 a. “Affiliate” means any Person that, directly or indirectly through one (1) or more intermediaries, controls or is controlled by or
is under common control with a Person, as such terms are used in and construed under Rule 144 under the Securities Act. With respect to a Holder, any investment fund or managed account that is managed on a discretionary basis by the same investment
manager as such Holder will be deemed to be an Affiliate of such Holder. 
 b. “Bankruptcy Event” means any of the following
events: (i) the Corporation or any Subsidiary (as such term is defined in Rule 1-02(w) of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors,
dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Corporation or any Subsidiary thereof; (ii) there is commenced against the Corporation or any Subsidiary thereof any such case or proceeding that is not
dismissed within 60 days after commencement; (iii) the Corporation or any Subsidiary thereof is adjudicated 
 c. “Business
Day” means any day except Saturday, Sunday, any day which shall be a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close. 
 d. “Common Stock” means the Corporation’s common stock, par value $.0001 per share. 
 e. “Common Stock Equivalents” means any securities of the Corporation or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock. 

 f. “Conversion Shares” means, collectively, the shares of Common Stock issuable upon
conversion of the shares of Series D Convertible Preferred Stock in accordance with the terms hereof. 
 g. “Exempt
Issuance” means: (i) shares of Common Stock or options to purchase Common Stock issued to employees, officers, directors or consultants of the Company pursuant to any stock or option plan duly adopted by a majority of the non-employee
members of the Board of Directors of the Company or a majority of the members of a committee of non-employee directors established for such purpose, (ii) shares of Common Stock issued or deemed issued as a dividend or distribution on the Series
A Convertible Preferred Stock or Series B Convertible Preferred Stock; (iii) shares of Common Stock issued upon exercise or conversion of the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock; (iv) shares of
Common Stock issued upon the exercise or conversion of Common Stock Equivalents outstanding on the date hereof, provided the issuance is pursuant to the terms of such Common Stock Equivalent as disclosed in such disclosure schedules; (v) shares
of Common Stock issued or issuable by reason of a dividend, stock split, split-up or other distribution on shares of Common Stock that is covered by Section 6(a) above; (vi) securities issued pursuant to acquisitions or strategic
transactions approved by a majority of the directors, provided that any such issuance shall only be to a Person which is, itself or through its subsidiaries, an operating company in a business synergistic with the business of the Company, as
determined by a majority of the directors, and in which the Company receives benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital
or to an entity whose primary business is investing in securities; and (vii) securities sold in connection with a firm commitment underwritten public offering of shares of Common Stock that is intended, pursuant to the Board of Directors
resolution, to produce minimum proceeds (after payment of underwriter’s fees and commissions) of not less than $30,000,000. 
 h.
“Holder” means a holder of Series D Convertible Preferred Stock. 
 i. “Junior Stock” means the Common
Stock and all other Common Stock Equivalents of the Corporation other than those securities which are explicitly senior or pari passu to the Series D Convertible Preferred Stock in dividend rights or liquidation preference.

 j. “Original Issue Date” the date the Corporation initially issues the shares of Series D Convertible Preferred Stock,
regardless of the number of times transfer of such share is made on the stock records maintained by or for the Corporation and regardless of the number of certificates which may be issued to evidence such share. 
 k. “Person” shall mean any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity,
as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. 
 l. “Rule 144” means Rule 144 promulgated by the SEC under the Securities Act. 
 m.
“SEC” means the United States Securities and Exchange Commission. 
 n. “Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 
 o. “Subsidiary” shall mean any
corporation, association, partnership, limited liability company or other business entity of which more than fifty percent (50%) of the total voting power is, at the time, owned or controlled, directly or indirectly, by the Corporation or one
or more of the other Subsidiaries of the Corporation or a combination thereof. 
 p. “Trading Day” means a day on which the
securities exchange, association, or quotation system on which shares of Common Stock are listed or quoted for trading shall be open for business or, if the shares of Common Stock shall not be listed on such exchange, association, or quoted on a
quotation system for such day, a day with respect to which trades in the United States domestic over-the-counter market shall be reported. 

 q. “Trading Market” means the following exchanges on which the Common Stock is listed
for trading on the date in question: the New York Stock Exchange, the Nasdaq Capital Market or the Nasdaq Global Market, the American Stock Exchange, the OTCBB, or Pink Sheets. 
 r. “VWAP” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean the price determined
by the first of the following clauses that applies: (a) if shares of Common Stock are traded on a national securities exchange (an “Exchange”), the weighted average of the closing sale price of a share of the Common Stock of
the Company on the last five (5) Trading Days prior to the Determination Date reported on such Exchange as reported in The Wall Street Journal (weighted with respect to the trading volume with respect to each such day); (b) if shares of
Common Stock are not traded on an Exchange but trade in the over-the-counter market and such shares are quoted on the National Association of Securities Dealers Automated Quotations System (“NASDAQ”), the weighted average of the
closing sale price of a share of the Common Stock of the Company on the last five (5) Trading Days prior to the Determination Date reported on NASDAQ as reported in The Wall Street Journal (weighted with respect to the trading volume with
respect to each such day); (c) if such shares are an issue for which last sale prices are not reported on NASDAQ, the average of the closing sale price, in each case on the last five (5) Trading Days (or if the relevant price or quotation
did not exist on any of such days, the relevant price or quotation on the next preceding Business Day on which there was such a price or quotation) prior to the Determination Date as reported by the Over the Counter Bulletin Board (the
“OTCBB”), or any other successor organization; (d) if no closing sales price is reported for the Common Stock by the OTCBB or any other successor organization for such day, the average of the closing sale price, in each case on
the last five (5) Trading Days (or if the relevant price or quotation did not exist on any of such days, the relevant price or quotation on the next preceding business day on which there was such a price or quotation) prior to the Determination
Date as reported by the “pink sheets” by the Pink Sheets, LLC, or any successor organization, (e) if no closing sales price is reported for the Common Stock by the OTCBB or any other successor organization for such day, then the
average of the high and low bid and asked price of any of the market makers for the Common Stock as reported on the OTCBB or in the “pink sheets” by the Pink Sheets, LLC on the last five (5) Trading Days; or (f) in all other
cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holder and reasonably acceptable to the Company. 
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, this Certificate of Designations has been executed by a duly authorized
officer of the Corporation on this 29th day of July, 2008. 
  

			
	MEDICAL SOLUTIONS MANAGEMENT INC.
		
	By:	 	/s/ Lowell M. Fisher
	 Name:
 Title:
	 	 Lowell M. Fisher
 Interim Chief Executive
Officer

 ANNEX A 
 NOTICE OF CONVERSION 
 (TO BE EXECUTED BY THE REGISTERED HOLDER IN ORDER TO CONVERT SHARES 
 OF SERIES D PREFERRED STOCK) 
 The undersigned hereby elects
to convert the number of shares of Series D Convertible Preferred Stock indicated below into shares of common stock, $.0001 par value per share (the “Common Stock”), of Medical Solutions Management Inc., a Nevada corporation (the
“Corporation”), according to the conditions hereof, as of the date written below. If shares of Common Stock are 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 may be required by the Corporation in accordance with the Purchase Agreement. No fee will be charged to the Holders for any conversion, except for any such transfer
taxes. 
 Conversion calculations: 
 Date to Effect Conversion:                                
                                         
                                         
                                         
                                         
           
 Number of shares of Preferred Stock owned prior to Conversion:                     
                                         
                                         
                               
 Number of shares of Preferred Stock to be Converted:                        
                                         
                                         
                                         
        
 Stated Value of shares of Preferred Stock to be Converted:                      
                                         
                                         
                                         

 Applicable Conversion Price:                                 
                                         
                                         
                                         
                                         
     
 Number of shares of Preferred Stock subsequent to Conversion:                      
                                         
                                         
                                
  

	
	HOLDER:                                      
                                       

	
	By:                                       
                                         
          
	Its:Purchasing Agreement entered into November 10, 2008.

 Exhibit 10.1 
 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted
portions are indicated with the notation “[***]” 
 PURCHASING AGREEMENT 
 This Purchasing Agreement (the “Agreement”) dated as of the      day of
                    , 2008, by and among the undersigned, ICOP Digital, Inc., a Colorado corporation (hereinafter called “CLIENT”)
and [***] (hereinafter called “PURCHASER”). CLIENT and PURCHASER agree as follows: 
  

	1.	PURPOSE OF AGREEMENT. 

 CLIENT desires to obtain
financing in the amount of Five Million Dollars ($5,000,000.00), which may be amended from time to time at PURCHASER’S discretion, by selling and assigning to PURCHASER Accounts (as hereinafter defined) at a discount below face value.

  

	2.	DEFINITIONS. 

 “Account” means and
includes all of CLIENT’S now existing or hereafter arising i) accounts as defined under the UCC, and ii) rights to payment for goods, merchandise, or inventory sold, rented, or leased, or for services rendered, including without limitation,
those which are not evidenced by instruments or chattel paper, and whether or not they have been earned by performance, all collateral security and guarantees of any kind given by any obligor with respect to any of the foregoing, and all goods
returned to or reclaimed by Client that correspond to any of the foregoing and all proceeds of the foregoing. 
 “Advances” means
all funds remitted to CLIENT by Purchaser and at CLIENT’S request from the sale and assignment of CLIENT’S Accounts to Purchaser prior to the collection thereof by PURCHASER. 
 “Alternate Base Rate” is defined as the greater of (1) LIBOR plus 2.75% or (2) Prime Rate. 
 “Customer” means CLIENT’S customer or the account debtor. 
 “Collateral” means the intangible or tangible property given as security to PURCHASER by CLIENT for any Obligations of CLIENT to PURCHASER as defined in Section 5. 
 “Dispute” means any claim by a Customer against CLIENT, of any kind whatsoever, valid or invalid, that reduces or potentially reduces the
amount collectible from Customer by PURCHASER. 
 “Ledger Debt” means any debt, liability or obligation now or hereafter owing by
Client to others, including any present or future client of Purchaser, which Purchaser may have obtained or may obtain by purchase, assignment, negotiation, discount, participation or otherwise. 
 “LIBOR” means, at any time, an interest rate per annum equal to the interest rate per
annum (rounded upwards, if necessary, to the nearest 1/100th of 1%) as published in the “Money Rates” section of The Wall Street
Journal (or another national publication selected by PURCHASER) as the one month London Interbank Offered Rate for United States dollar deposits or such other language (or, if such page shall cease to be publicly available or, if the
information/description contained on such page, in PURCHASER’s sole judgment, shall cease to accurately reflect such London Interbank Offered Rate, the such rate as reported by any publicly available recognized source of similar market data
selected by PURCHASER that, in PURCHASER’s reasonable judgment, accurately reflects such London Interbank Offered Rate) but in no event shall LIBOR be less than 3%. 
 “Obligations” means all present and future Obligations owing by Client to PURCHASER of every kind and nature, whether or not for the payment of money, whether or not evidenced by any note or other
instrument, whether direct or indirect, absolute or contingent, due or to become due, joint or several, primary or secondary, liquidated or unliquidated, secured or unsecured, original or renewed or extended, whether presently contemplated or not,
regardless of how the same arise, or by what instrument, agreement, or book account they may be evidenced, or whether evidenced by any instrument, agreement or book account, whether arising before, during or after the commencement of any federal
Bankruptcy Case in which Client is a debtor, including but not limited to, Ledger Debt, fees and expenses, Obligations arising pursuant to guaranties, letters of credit or acceptance transactions or any other financial accommodations. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 “Prime Rate” means, at any time, the rate of interest noted in The Wall Street
Journal, Money Rates section, as the “Prime Rate” (currently defined as the base rate on corporate loans posted by at least 75% of the nation’s thirty (30) largest banks). In the event that The Wall Street Journal
quotes more than one rate, or a range of rates, as the Prime Rate, then the Prime Rate shall mean the average of the quoted rates. In the event that The Wall Street Journal ceases to publish a Prime Rate, then the Prime Rate shall be the
average of the three (3) largest U.S. money center commercial banks, as determined by PURCHASER. 
 “UCC” means the Uniform
Commercial Code as in effect from time to time in the State of Florida. 
 All terms used in this Agreement which are defined in the UCC
shall be construed and defined in accordance with the meanings and definition ascribed to such terms under the UCC, unless otherwise defined herein. 
  

	3.	PURCHASE: GENERAL TERMS. 

 3.1 Purchases of
Accounts. CLIENT shall from time to time sell, transfer and assign all of its Accounts to PURCHASER and said Accounts shall be identified by separate and subsequent written assignments on a form to be provided to CLIENT by PURCHASER.
CLIENT agrees to offer and PURCHASER agrees to buy Accounts from CLIENT at a discount of three quarters of one percent (0.75%) (“Purchasing Fee”) from the face value of each Account for every thirty (30) days an Account is
outstanding. The Purchasing Fee shall be calculated from the date of purchase by PURCHASER allowing for three (3) business days for collection. 
 3.2 Approval. PURCHASER reserves the right not to purchase an Account unless such Account is first submitted to PURCHASER by CLIENT for approval. PURCHASER is not obligated to buy any Account from CLIENT.

 3.3 Sole Property. Upon the purchase of an Account by PURCHASER, the Account and all payments on said Account shall be the sole
property of PURCHASER. Any interference by CLIENT with this payment may result in civil and/or criminal liability. 
 3.4 Advances.
PURCHASER may, in its sole discretion, fund to CLIENT up to eighty five percent (85%) of the gross invoice amount of domestic Accounts (i) with respect to which less than 90 days have elapsed since the date of original invoice,
(ii) but not including all Accounts owed by a Customer if the aggregate outstanding dollar amount of such Accounts not considered as eligible under clause (i) above is equal to or greater than 25%, and (iii) and not including all
Accounts owed by a Customer if the amount of returns, allowances, credit losses, discounts and other offsets of such Accounts on an historic basis is greater than 4%. Invoices shall be supported by purchase orders and delivery receipts to be
eligible for advances. PURCHASER will purchase Accounts on a full dominion, full notification basis and will be handled through a bank lockbox account controlled by PURCHASER. Maximum selling terms shall not exceed net sixty (60) days.

 3.5 Reserve. PURCHASER may reserve and withhold an amount in a reserve account equal to Fifteen percent (15%) of the gross
invoice amount of all Accounts purchased (“Reserve”). The Reserve will be deducted by PURCHASER from the Accounts at the time of purchase. Said Reserve may be held by PURCHASER and applied by PURCHASER against charge-backs or any
Obligations of CLIENT to PURCHASER. In Purchaser’s sole discretion and assuming no Event of Default exists, the Reserve releases will be made available by PURCHASER to CLIENT each business day. Reserve releases are made only on Accounts that
are paid by Customers or Accounts that are charged back, repurchased or otherwise settled by CLIENT in full. Reserve is not due and payable to CLIENT until any and all potential Obligations owing by CLIENT to PURCHASER or any reasonably anticipated
claims are fully paid and satisfied. CLIENT grants to PURCHASER a security interest in this Reserve, which secures all Obligations. PURCHASER retains the right in its sole and absolute discretion, and in respect of which PURCHASER shall have no
liability, to revise said Reserve from time to time if in PURCHASER’S judgment it is necessary to protect PURCHASER with regard to any Obligations owing by CLIENT to PURCHASER, or to protect PURCHASER against possible returns, claims or
defenses of CLIENT’S Customers or any other contingencies. If an Event of Default has occurred and is continuing, or, in the event CLIENT shall cease selling Accounts to PURCHASER, PURCHASER shall not pay the amount in the Reserve to Client
until all Accounts have been collected or PURCHASER has determined, in its sole discretion, that it will make no further efforts to collect any Accounts and all Obligations due PURCHASER hereunder have been paid. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 3.6 Fees. 
 All fees due hereunder are fully earned and nonrefundable on the date incurred. Such fees shall be charged to the Reserve as an accommodation to Client but shall remain due and payable by Client at all times.

  

	 	(a)	Base Index Fee. It is agreed by and between CLIENT and PURCHASER that CLIENT shall pay PURCHASER an additional fee based on the daily balance of outstanding advances on
Accounts multiplied by the greater of (a) the sum of the Alternate Base Rate plus 2.5% or (b) 8.0%. The fee shall be computed on the basis of actual days elapsed and a 360-day year. The Alternate Base Rate in effect shall be determined by
PURCHASER on a daily basis, with adjustments to such Alternate Base Rate to be made on the same date as any change in the Alternate Base Rate is determined by PURCHASER, which index shall be used in computing the Base Fee which is payable until the
next announced change in the Alternate Base Rate. Such fee will be calculated monthly and charged against CLIENT’S Reserve as of the last day of each month for the month then ended. 

  

	 	(b)	Minimum Purchasing Fees. It is agreed by and between CLIENT and PURCHASER that, in consideration of the facility granted herein; CLIENT will sell to PURCHASER a minimum of
Two Million Four Hundred Thousand and No/100 Dollars ($2,400,000) of Accounts (“Quarterly Minimum Accounts”) per calendar quarter. In the event CLIENT fails to sell to PURCHASER the minimum Accounts required herein, CLIENT shall remit to
PURCHASER an amount equal to the following: the Quarterly Minimum Accounts less the gross face amount of Accounts sold to PURCHASER hereunder for such quarter, multiplied by the Purchasing Fee, assuming a thirty (30) day collection period. Such
fee shall be calculated quarterly and charged to the Reserve on the last day of each quarter. 

  

	 	(c)	Unused Line Fee. N/A 

  

	 	(d)	Misdirected Payment Fee. It is agreed by and between CLIENT and PURCHASER that CLIENT shall pay PURCHASER the greater of (i) One Thousand and No/100 Dollars ($1,000); or
(ii) fifteen percent (15%) of the amount of any payment on account of an Account, which has been received by CLIENT and not delivered in kind to PURCHASER within two (2) business days following the date of receipt by CLIENT.

  

	 	(e)	Missing Notation Fee. It is agreed by and between CLIENT and PURCHASER that CLIENT shall pay PURCHASER the greater of (i) One Thousand and No/100 Dollars; or
(ii) fifteen percent (15%) of the amount of any invoice payment which has been billed or received by PURCHASER, which does not have the proper [***] assignment language as given by [***]. 

 3.7 Repurchase of Accounts. CLIENT will repurchase from PURCHASER i) any and all Accounts not paid within ninety (90) days from date of
invoice, and ii) any Account that Purchaser requests that Client repurchase. Client shall repurchase such Accounts at One Hundred Percent (100%) of the gross invoice amounts of such Account in one of the following manners or combination thereof
at PURCHASER’S option: (1) By submitting new Accounts, (2) By deducting said amount from the Reserve release due CLIENT, or (3) By payment from CLIENT. All short payments, discounts and any other Obligations CLIENT may have to
PURCHASER may, at Purchaser’s election, be handled in the same manner. Notwithstanding the repurchase of an Account by CLIENT, any such Account so repurchased shall remain as Collateral in which the security interest of PURCHASER shall continue
as provided for under this Agreement. 
 3.8 Reimbursable Expenses. PURCHASER incurs certain routine expenses and audit fees in the
course of performing its functions with respect to the Accounts, a portion of which PURCHASER shall be entitled to deduct from the Reserve account. However, PURCHASER shall not be entitled to any deductions for routine expenses not specifically
listed in this paragraph. The following is an itemization of the routine deductions to which PURCHASER shall be entitled: all out-of-pocket travel expenses and any amounts charged to Purchaser by any field examiners for each field examination
performed, long distance telephone charges, legal fees incurred, postage, credit reports, wire transfers fees and charges, overnight mail delivery, UCC and other searches (including tax lien searches), filing fees, ACH transfer fees and charges,
fees for returned items, bank charges and over advance fees. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 3.9 Required Forms. When CLIENT offers a schedule of accounts to PURCHASER for sale, PURCHASER
shall receive an original invoice and a copy thereof, a copy of the bill of lading, shipping document and proof of delivery, and contract, purchase order, and/or a purchase order number which corresponds with said invoice(s), as appropriate to the
business of CLIENT. Each schedule of accounts offered shall be in an aggregate amount of not less than $40,000.00 and no invoices listed on said schedule shall be dated more than ten (10) days past its original date of issue. 
 3.10 Notification. PURCHASER is hereby authorized to notify any Customer that PURCHASER has purchased the Customer’s Account and that the
Customer must make payments directly to PURCHASER. Client shall notify each Customer that it has sold and assigned each Account to Purchaser and shall direct each Customer to make all payments on Accounts to Purchaser. 
 3.11 Maximum Account. The total amount of Advances outstanding shall not exceed the sum of Five Million Dollars ($5,000,000.00), except PURCHASER
may purchase additional Accounts from or advance additional sums to CLIENT as PURCHASER may elect from time to time at PURCHASER’S sole discretion. 
  

	4.	TERMINATION. 

 This Agreement shall continue in
effect for eighteen (18) months from the initial purchase date hereof (the “Termination Date”) with annual renewals thereafter, unless terminated as follows: 
 (a) PURCHASER may terminate the Agreement at any time after the date of this Agreement by giving CLIENT sixty (60) days prior written notice of such
termination; or 
 (b) CLIENT may terminate this Agreement on the Termination Date or any Renewal Termination Date by giving PURCHASER sixty
(60) days prior written notice of such termination, by certified mail; or 
 (c) Upon the occurrence of any Event of Default by CLIENT,
PURCHASER may terminate this Agreement immediately, without notice. Upon the effective date of termination, whether such termination is pursuant to the occurrence of an Event of Default or otherwise, all Obligations shall become immediately due and
payable without notice or demand. 
 No termination of this Agreement, however occurring, shall affect Obligations of CLIENT or the rights, powers and
remedies of PURCHASER under this Agreement or the security interest granted PURCHASER hereunder with respect to existing or future Collateral, until all Accounts have been paid to PURCHASER by Customers or CLIENT and until all Obligations of CLIENT
to PURCHASER are paid or otherwise satisfied in full. 
  

	5.	GRANT OF SECURITY INTEREST. 

 5.1 In addition to the
rights of ownership that PURCHASER acquires in those accounts that PURCHASER advances against under this Agreement, and in order to secure the repayment of any and all of Client’s Obligations to PURCHASER, CLIENT hereby grants PURCHASER a
security interest in all of CLIENT’S present and future accounts, instruments, documents, chattel paper, general intangibles, deposit accounts, investment property, goods, inventory, equipment, the Reserve, commercial tort claims, letter of
credit rights, letters of credit and inventory, as well as the proceeds thereof and all books, records, reports, memoranda, and/or data compilations, in any form (including, without limitation, corporate and other business records, customer lists,
credit files, computer programs, printouts and any other computer materials and records), pertaining to any of the foregoing (hereafter collectively called “Collateral”). 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 5.2 CLIENT will cooperate with PURCHASER in obtaining a control agreement in form and substance
satisfactory to PURCHASER with respect to Collateral consisting of deposit accounts, investment property; letter-of-credit rights, and electronic chattel paper. CLIENT shall deliver to PURCHASER the original of all Collateral consisting of
instruments, documents, letter of credit or other negotiable collateral. Client agrees to comply with all appropriate laws in order to perfect Purchaser’s security interest in and to the Collateral and to execute such documents as Purchaser may
require from time to time. Client authorizes Purchaser to file at such times and places as Purchaser may designate such financing statements, continuations and amendments thereto as are necessary or desirable to perfect Purchaser’s rights in
and give notice of Purchaser’s purchase of the Accounts and Purchaser’s security interest in the Collateral under the UCC in effect in any applicable jurisdiction. Purchaser may at any time and from time to time file financing statements,
continuation statements and amendments thereto that describe the Collateral as “all assets” of Client or words of similar effect and which contain any other information required by Part 5 of Article 9 of the UCC for the sufficiency or
filing office acceptance of any financing statement, continuation statement or amendment, including whether Client is an organization, the type of organization and any organization identification number issued to Client. Client agrees to furnish any
such information to Purchaser promptly upon request. Any such financing statements, continuation statements or amendments may be signed by Purchaser on behalf of Client or filed by Purchaser without the signature of Client and may be filed at any
time in any jurisdiction. Client acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement naming Client as the debtor and Purchaser as the secured party
without the prior written consent of Purchaser, and Client agrees that it shall not do so without the prior written consent of Purchaser. Client hereby ratifies any UCC financing statements previously filed by Purchaser. 
  

	6.	GENERAL REPRESENTATIONS, WARRANTIES, AND COVENANTS. 

 CLIENT warrants and/or covenants that during the term of this Agreement and so long as any Obligations to PURCHASER remain unpaid that: 
 (a) CLIENT is a corporation duly organized, existing, and in good standing under the laws of the state or country of its incorporation, as represented at the beginning of this Agreement, and is qualified or licensed to do business in all
other countries, states and provinces in which the laws thereof require CLIENT to be so qualified and/or licensed; 
 (b) CLIENT has not,
during the five (5) years preceding the Agreement, been at any other location or known as or used any other corporate or fictitious name, except as disclosed to PURCHASER in writing. 
 (c) CLIENT has the corporate power and authority to make, deliver and perform this Agreement and the other agreements hereunder and has taken all
corporate action necessary to be taken by it to authorize the sale of its Accounts on the terms and conditions of this Agreement; 
 (d)
CLIENT’S business is solvent; 
 (e) CLIENT does business under no trade or assumed names except as indicated below. These names are a
trade name and/or trade style by which CLIENT will or may identify and sell certain of its products and under which CLIENT will or may conduct a portion of its business, and are not an independent corporation or other legal entity. PURCHASER is
hereby authorized to receive, endorse and deposit any and all checks sent to it in payment of such Accounts including such checks as are payable to any of the trade styles or trade names. Accounts invoiced in the name of any trade name or trade
style are subject to all of the terms and conditions of this Agreement with the same force and effect as if they were in our corporate name. 
 Trade names or Trade styles: ICOP, ICOP Digital 
 (f) CLIENT has and will file all federal, state and local tax returns and
other reports CLIENT is required by law to file, maintain adequate reserves for the payment of all taxes, assessments, governmental charges, and other similar charges, and pay promptly, when due, all such taxes, assessments, and other charges and
will provide to PURCHASER proof of such tax payments as PURCHASER may request. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 (g) Each Customer’s business is solvent to the best of CLIENT’S information and knowledge;

 (h) At the time of purchase by PURCHASER, CLIENT is the lawful owner of and has good and undisputed title to the Accounts purchased by
PURCHASER; 
 (i) Each Account offered for sale to PURCHASER is an accurate and undisputed statement of Obligations by Customer to CLIENT for
a sum certain which is due and payable in 30 days or less or on such other terms, as are acceptable to PURCHASER in its discretion, which are expressly set forth on the face of all invoices; 
 (j) Each Account offered for sale to PURCHASER is an accurate statement of a bona fide sale, delivery and acceptance of merchandise or performance of
service by CLIENT to Customer and is not subject to any Dispute, offset, counterclaim or deduction of any kind or nature; 
 (k) CLIENT does
not own, control or exercise dominion over, in any way whatsoever, the business of any Customer; 
 (l) All financial records, statements,
books or other documents shown to PURCHASER by CLIENT at any time, either before or after the signing of this Agreement are true and accurate; 
 (m) CLIENT shall not, under any circumstances or in any manner whatsoever, interfere with any of PURCHASER’S rights under this Agreement; 
 (n) CLIENT shall offer all of its Accounts to PURCHASER and will not purchase or sell Accounts except to PURCHASER for the period of this Agreement; 
 (o) All of the Collateral is owned by CLIENT alone, free and clear of all liens, claims, security interest(s) or encumbrances except those granted to
PURCHASER or as set forth on Schedule 6 hereto and CLIENT will not transfer, pledge or give a security interest in nor permit any lien upon any of its Collateral to any other party; 
 (p) CLIENT shall not change or modify the terms of an original Account with any Customer unless PURCHASER first consents to such change in writing. For
example, CLIENT may not extend credit to a Customer beyond thirty days without prior written consent from PURCHASER; 
 (q) CLIENT will
maintain such insurance covering CLIENT’S business and/or the property of CLIENT’S Customers as is customary for businesses similar to the business of CLIENT and, at the request of PURCHASER, name PURCHASER as loss payee of such insurance;

 (r) CLIENT will notify PURCHASER in writing prior to any proposed or actual change in CLIENT’S place of business or state of
formation, any change in CLIENT’S principal executive office or the office or offices where CLIENT’S books and records concerning Accounts are kept or CLIENT’S name, location, identity, legal entity or corporate structure; 

(s) CLIENT will, when requested by PURCHASER, execute any written instruments and do any other things necessary to effectuate more fully the purposes
and provisions of this Agreement; 
 (t) CLIENT will furnish PURCHASER with financial statements and such other information as reasonably
requested by PURCHASER from time to time; 
 (u) CLIENT will promptly notify PURCHASER of any attachment or any other legal process levied
against CLIENT or any of CLIENT’S Customers known to CLIENT; 
 (v) CLIENT will not pledge the credit of PURCHASER to any person or
business for any purpose whatsoever; 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 (w) CLIENT will, immediately upon sale of Accounts to PURCHASER, make proper entries on its books and
records disclosing the absolute sale of said Accounts to PURCHASER; 
 (x) CLIENT’S Federal Employment Identification Number is
84-1493152. 
 (y) CLIENT agrees to execute any and all forms (i.e. Forms 8821 and/or 2848) that PURCHASER may require in order to
enable PURCHASER to obtain and receive tax information issued by the Department of the Treasury, Internal Revenue Service, or receive refund checks. 
 (z) CLIENT will make each payment required hereunder, and/or under any instrument delivered hereunder, without setoff, deduction or counterclaim. 
 (a)(a) CLIENT shall maintain a Tangible Net Worth of at least Five Million Dollars ($5,000,000.00) at all times. As used herein, “Tangible Net
Worth” will be defined, as of any date, as Total Assets less Intangible Assets including goodwill, trademarks, patents, deferred tax credits and customer lists including due from affiliates and related companies and other Intangible Assets at
the discretion of [***] less Total Liabilities plus any Subordinated Debt measured on a monthly basis. 
  

	7.	DISPUTED ACCOUNTS. 

 7.1 Notice and
Settlement. CLIENT must immediately notify PURCHASER of any Disputes between Customer and CLIENT. PURCHASER may settle any Dispute directly with Customer. Such settlement does not relieve CLIENT of final responsibility for payment of such
Account. 
 7.2 Payment. CLIENT will immediately pay to PURCHASER the full amount of any Account subject to a Dispute of any kind
whatsoever. 
 7.3 Charge-Back. If CLIENT does not fully settle a Dispute with immediacy, PURCHASER may, in addition to any other
remedies under this Agreement, charge or sell back the Account to CLIENT. 
 7.4 Invoicing Error. Mistaken, incorrect and erroneous
invoicing, submitted by CLIENT to PURCHASER may, at PURCHASER’S discretion, be deemed an Account subject to a Dispute and be charged-back to CLIENT. 
 7.5 Charge-Back Statement. PURCHASER shall identify in writing all charge-backs and provide to CLIENT a written statement thereof. Said statement shall be deemed an “ACCOUNT STATED” between CLIENT and
PURCHASER as to said charge-backs except for any errors of which CLIENT shall have notified PURCHASER in writing within fifteen (15) days after the date of receipt by CLIENT of said statement. 
  

	8.	STATEMENTS/DISPOSAL OF DOCUMENTS. 

 8.1
Accounting Statements. Purchaser shall provide Client with information on the Accounts and a monthly reconciliation of the purchasing relationship relating to billing, collection, Reserve and Advances. All of the foregoing shall be in a
format and in such detail, as Purchaser, in its sole discretion, deems appropriate. Purchaser’s books and records shall be admissible in evidence without objection as prima facie evidence of the status of the Accounts and Reserve between
Purchaser and Client. Each statement, report, or accounting rendered or issued by Purchaser to Client shall be deemed conclusively accurate and binding on Client unless within thirty (30) days after the date of issuance Client notifies
Purchaser to the contrary in writing, setting forth with specificity the reasons why Client believes such statement, report, or accounting is inaccurate, as well as what Client believes to be correct amount(s) therefore. If the Client gives notice
of its disagreement with Purchaser’s statement, all matters in such statement that are not objected to in Client’s notice, shall be deemed conclusively accurate and binding on Client. Client’s failure to receive any monthly statement
shall not relieve it of the responsibility to request such statement and Client’s failure to do so shall nonetheless bind Client to whatever Purchaser’s records would have reported. 
 8.2 Disposal Of Documents. CLIENT authorizes PURCHASER, in its sole discretion, to make computer images of or to dispose of any documents,
schedules, invoices or other papers delivered to PURCHASER in connection with this Agreement at any time after said documents, schedules, invoices or other papers have been delivered to PURCHASER. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

	9.	HOLD IN TRUST. 

 CLIENT agrees that even though
PURCHASER shall use its best efforts to notify all of CLIENT’s Customers of the sale and assignment by CLIENT to PURCHASER of certain Accounts, some payments may be sent directly to CLIENT. All payments on Accounts are the sole and exclusive
property of PURCHASER. In such circumstance CLIENT promises not to negotiate said check or other forms of payment, but to hold same in trust and safekeeping for the benefit of PURCHASER and to turn over to PURCHASER the payment received immediately
in kind. 
 In the event CLIENT receives a check or other form of payment owing to PURCHASER, but some portion of said payment is owing to
CLIENT, CLIENT agrees to turn over said payment in kind to PURCHASER, and PURCHASER will remit CLIENT’S portion thereof, provided that there are no Obligations outstanding and CLIENT is not in Default with PURCHASER. 
  

	10.	FINANCIAL RECORDS; EXAMS. 

 10.1 CLIENT shall keep
books of accounts and prepare financial statements and shall cause to be furnished to PURCHASER the following (all of the foregoing and following to be kept and prepared in accordance with generally accepted accounting principles): (i) as soon
as available, but not later than ninety (90) days after the close of each fiscal year of CLIENT hereafter, reviewed financial statements of CLIENT, including balance sheet, income statement, as at the end of such year provided by a firm of
independent certified public accountants reasonably acceptable to PURCHASER and selected by CLIENT; (ii) as soon as available, but not later than forty-five (45) days after the end of each quarter hereafter, an unaudited balance sheet, a
year-to-date income statement, fairly presenting the financial position and results of operations of CLIENT for such period; and (iii) such other data and information (financial and otherwise) as PURCHASER, from time to time, may reasonably
request, bearing upon or related to the Collateral, CLIENT’S financial condition and/or results of operations. 
 10.2 PURCHASER (by any
of its officers, employees or agents) shall have the right, at any time during CLIENT’S usual business hours, to inspect any of the business locations or premises of CLIENT, the Collateral, all books and records related to the Accounts or the
collection thereof, as well as those related to CLIENT’S general business and financial condition, and the right at any time to discuss CLIENT’S affairs and finances and the Accounts with any attorney, accountant, creditor or Customer of
CLIENT. CLIENT shall pay to PURCHASER a fee of $900 per day for any such inspections. Absent an Event of Default, PURCHASER may conduct no more than one such inspection per calendar quarter; provided that after the occurrence and during the
continuance of an Event of Default, PURCHASER may conduct as many such examinations at CLIENT’s expense as PURCHASER may choose. 
  

	11.	CONDITIONS PRECEDENT 

 11.1 Conditions of
Purchase. The obligation of PURCHASER to make any purchase of Accounts under the Agreement on the closing date is subject to the satisfaction of the following conditions precedent: (a) PURCHASER shall have received and found satisfactory,
results of UCC, tax lien, pending litigation and judgment record searches on CLIENT; (b) All UCC financing statements required or, in PURCHASER’S opinion, advisable to be filed in order to create, in favor of the PURCHASER, a perfected
lien on the Collateral shall have been properly filed in each office in each jurisdiction in which such filings are required or, in PURCHASER’S opinion, advisable; (c) PURCHASER shall have received and found satisfactory, results of due
diligence reports on CLIENT’S principals and guarantors; (d) PURCHASER shall have received and found satisfactory, results of an on-site examination of CLIENT; (e) PURCHASER shall have satisfactory response to pre-funding Account
verifications; (f) PURCHASER shall have received from CLIENT, signed notification letters to Customers; (g) PURCHASER shall have completed its due diligence examination of CLIENT and formally approved the credit; and (h) All other
documents and legal matters in connection with the transaction contemplated by the Agreement and the Other Agreements shall be satisfactory in form and substance to PURCHASER and its counsel. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

	12.	EVENTS OF DEFAULT; RIGHTS AND REMEDIES ON DEFAULT.  

 12.1 Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”: (a) CLIENT shall receive payment on any Account and fail to deliver said payment to PURCHASER;
(b) CLIENT or any person that is a guarantor of CLIENT shall fail to pay any Obligations to PURCHASER when due and payable; (c) CLIENT shall breach any term, provision, covenant, warranty or representation under this Agreement, or under
any other agreements or contracts between CLIENT and PURCHASER or obligation of CLIENT to PURCHASER; (d) the appointment of any receiver or trustee of all or a substantial portion of the assets of CLIENT; (e) CLIENT shall become insolvent
or unable to pay debts as they mature, shall make a general assignment for the benefit of creditors or shall voluntarily file under any bankruptcy or similar law; (f) any involuntary petition in bankruptcy shall be filed against CLIENT and not
be dismissed or stayed within 60 days; (g) any levies of attachment, executions, tax assessments or similar process shall be issued against the Collateral and shall not be released within 10 days thereof; (h) any financial statements,
profit and loss statements, borrowing certificates or schedules, or other statements furnished by CLIENT to PURCHASER prove false or incorrect in any material respect; (i) CLIENT shall refuse to provide any financial statements, profit and loss
statements, borrowing certificates or schedules, or other statements required by PURCHASER; (j) any guarantor of the liabilities and Obligations shall be in default under any agreements to which it is a party, or demand is made on any such
guarantor under the terms of any guaranty to which guarantor is a party; or (k) there shall occur any change in the ownership or control of CLIENT (where “control” is the power to direct the operation and/or management of CLIENT
through direct or indirect ownership of voting or membership shares or otherwise). 
 12.2 Remedies. Upon a Default, Purchaser may,
without demand or notice to Client, exercise all rights and remedies available to it under this Agreement, under the UCC or otherwise, including without limitation, terminating this Agreement and declaring all Obligations immediately due and payable
provided, however, if the Event of Default is described under clauses (e) or (f) of Section 12.1, such termination and acceleration shall automatically occur without any notice, demand or presentment of any kind. Without notice to or
demand upon Client or any other Person, Purchaser may make such payments and do such acts as Purchaser considers necessary or reasonable to protect its security interest in the Collateral. Without limiting the foregoing, PURCHASER shall have
(a) the right to open mail to CLIENT, (b) collect any and all amounts due CLIENT from Customers, (c) The right to (i) enter upon the premises of CLIENT, without any obligation to pay rent, through self-help and without judicial
process, without first obtaining a final judgment or giving CLIENT notice and opportunity for a hearing on the validity of PURCHASER’S claim, or any other place or places where the Collateral is located and kept, and remove the Collateral there
from to the premises of PURCHASER or any agent of PURCHASER, for such time as PURCHASER may desire, in order to effectively collect or liquidate the Collateral, and/or (ii) require CLIENT to assemble the Collateral and make it available to
PURCHASER at a place to be designated by PURCHASER, in its sole discretion; (d) The right to (i) demand payment of the Accounts; (ii) enforce payment of the Accounts, by legal proceedings or otherwise; (iii) exercise all the
CLIENT’S rights and remedies with respect to the collection of the Accounts; (iv) settle, adjust, compromise, extend or renew the Accounts; (v) settle, adjust or compromise any legal proceedings brought to collect the Accounts;
(vi) if permitted by applicable law, sell or assign the Accounts; (vii) discharge and release the Accounts; (viii) take control, in any manner, of any item of payment or proceeds; (ix) prepare, file and sign CLIENT’S name on
any proof of claim in bankruptcy or similar document against any Account Debtor; (x) prepare, file and sign CLIENT’S name on any notice of lien, assignment or satisfaction of lien or similar document in connection with the Accounts;
(xi) do all acts and things necessary, in PURCHASER’S sole discretion, to fulfill CLIENT’S Obligations under this Agreement; (xii) endorse the name of CLIENT upon any chattel paper, document, instrument, invoice, freight bill,
bill of lading or similar document or agreement relating to the Accounts and inventory; (xiii) use CLIENT’S stationery and sign the name of CLIENT to verifications of the Accounts and notices thereof to Account Debtors; (xiv) use the
information recorded on or contained in any data processing equipment and computer hardware and software relating to the Accounts and inventory to which CLIENT has access; (xv) require CLIENT to repurchase the uncollected Accounts;
(xvi) cease purchasing Accounts from CLIENT; and (xvii) reduce the advance rate on eligible Accounts; (e) The right to (i) sell or to otherwise dispose of all or any Collateral in its then condition, or after any further
manufacturing or processing thereof, at public or private sale or sales, with such notice as may be required by law, in lots or in bulk, for cash or on credit, all as PURCHASER, in its sole discretion, may deem advisable; (ii) adjourn such
sales from time to time, with or without notice; (iii) conduct such sales on CLIENT’S premises or elsewhere and use CLIENT’S premises without charge for such sales for such time or times as PURCHASER may see fit; (iv) use, in
connection with any assembly or disposition of the Collateral, without charge, CLIENT’S labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks and advertising matter, or any 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 
property of a similar nature, as it pertains to the Collateral used by CLIENT and PURCHASER may purchase all or any part of the Collateral at public or, if
permitted by law, private sale and, in lieu of actual payment of such purchase price, may set off the amount of such price against the Obligations. The proceeds realized from the sale of any Collateral shall be applied first to the reasonable
costs, expenses and attorneys’ fees and expenses incurred by PURCHASER for collection and for acquisition, completion, protection, removal, storage, sale and delivery of the Collateral and second to Obligations owed PURCHASER by CLIENT.
If any deficiency shall arise, CLIENT shall remain liable to PURCHASER therefore. 
  

	13.	MISCELLANEOUS. 

  

	 	13.1	Expenses and Attorneys’ Fees. 

 (a) CLIENT has
paid PURCHASER a non-refundable deposit in the amount of Ten Thousand Dollars ($10,000.00) to cover any and all expenses, including underwriting and reasonable attorney’s fees that PURCHASER may incur in connection with the documentation of
this transaction. 
 (b) CLIENT agrees to pay all costs and expenses (including without limitation the reasonable attorney’s fees of
PURCHASER’S legal counsel) incurred by PURCHASER in connection with the interpretation and enforcement of PURCHASER’S rights under this Agreement, any other documents executed in connection with this Agreement, and all amendments,
modifications and supplements thereof or thereto. 
 13.2 Power of Attorney. In order to carry out this Agreement, CLIENT irrevocably
appoints PURCHASER, or any person designated by PURCHASER, its special attorney in fact, or agent, with power of substitution, and with power to: (a) strike out CLIENT’S address on all invoices, accounts, etc. mailed to Customers and
insert PURCHASER’S address; (b) receive, open and dispose of all mail addressed to CLIENT or to CLIENT’S fictitious trade name via PURCHASER’S address; (c) endorse the name of CLIENT or CLIENT’S fictitious trade name on
any checks or other evidences of payment that may come into the possession of PURCHASER, or pursuant to an Event of Default, on any other documents relating to any of the Accounts or Collateral; (d) in CLIENT’S name, or otherwise, demand,
sue for, collect, and give releases for any and all monies due or to become due on Accounts; (e) compromise, prosecute, or defend any action, claim or proceeding as to said Accounts; (f) upon the happening of an Event of Default notify the
Post Office authorities to change the address for delivery of mail addressed to CLIENT to such address as PURCHASER may designate; (g) sell in whole or in part for cash, credit or property to others or to itself at any public or private sale
with respect to or otherwise deal with any of the Collateral as fully and completely as if PURCHASER were the absolute owner thereof; (h) from time to time offer a trade discount to CLIENT’S Customers; (i) do any and all things
necessary and proper to carry out the purpose intended by this Agreement. The authority granted PURCHASER shall remain in full force and effect until all assigned Accounts are paid in full and any Obligations of CLIENT to PURCHASER is discharged.

 13.3 Hold Harmless. Client hereby indemnifies and agrees to hold harmless and defend PURCHASER from and against any and all claims,
judgments, liabilities, fees and expenses (including attorney’s fees) which may be imposed upon, threatened or asserted against PURCHASER at any time and from time to time in any way connected with this Agreement or the Collateral. 

13.4 Successors and Assigns; Participation. Notwithstanding anything herein to the contrary, the PURCHASER may, without consent of the CLIENT,
grant a security interest in, sell or assign, grant or sell participations in or otherwise transfer all or any portion of its rights and Obligations hereunder to one or more persons. Client may not assign its rights or obligations hereunder without
the prior written consent of Purchaser. This Agreement inures to the benefit of and is binding upon the heirs, executors, administrators, successors and assigns of the parties to it. 
 13.5 Cumulative Rights. All rights, remedies and powers granted to PURCHASER in this Agreement, or in any note or other agreement given by CLIENT
to PURCHASER, are cumulative and may be exercised from time to time as to all or any part of the pledged Collateral as PURCHASER in its discretion may determine. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 13.6 Written Waiver. PURCHASER may not waive its rights and remedies unless the waiver is in
writing and signed by PURCHASER. A waiver by PURCHASER of a right or remedy under this Agreement on one occasion is not a waiver of the right or remedy on any subsequent occasion. 
 13.7 Severability. If any provision of this Agreement shall be declared illegal or contrary to law, it is agreed that such provision shall be
disregarded and this Agreement shall continue in force as though such provision had not been incorporated herein. 
 13.8 Governing Law;
Jurisdiction; Venue, Waiver of Jury Trial and Service of Process. 
 (A) THIS AGREEMENT SHALL BE INTERPRETED AND THE RIGHTS AND
LIABILITIES OF THE PARTIES HERETO DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA, APPLICABLE TO AGREEMENTS EXECUTED, DELIVERED AND PERFORMED WITHIN SUCH STATE, AND CLIENT HEREBY AGREES TO THE JURISDICTION OF ANY STATE OR FEDERAL
COURT LOCATED WITHIN PALM BEACH COUNTY, FLORIDA, AND WAIVE PERSONAL SERVICE OF ANY AND ALL PROCESS UPON CLIENT AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE CERTIFIED MAIL DIRECTED TO CLIENT AT ITS ADDRESS AS IT APPEARS AT THE BEGINNING OF THIS
AGREEMENT AND SERVICE SO MADE SHALL BE DEEMED TO BE COMPLETED FIVE (5) BUSINESS DAYS AFTER THE SAME SHALL HAVE BEEN DEPOSITED IN THE U. S. MAILS, CERTIFIED MAIL, RETURN RECEIPT REQUESTED, POSTAGE PREPAID. CLIENT WAIVES ANY OBJECTION BASED ON
FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY THE COURT. NOTHING IN THIS SECTION SHALL AFFECT PURCHASER’S RIGHT TO
SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AFFECT PURCHASER’S RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST CLIENT OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION. 
 (B) EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (1) ARISING
UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (2) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO. IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR
TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTIONS SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 13.9 Entire Agreement. This instrument contains the entire Agreement between the parties. Any addendum or modification hereto must be signed by both parties and attached hereto in order to be effective. 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 IN WITNESS WHEREOF, the parties hereunto have set their hand as of the day and year specified
at the beginning hereof. 
  

			
	ICOP Digital, Inc.
		
	By:	 	 
		 	David C. Owen, CEO

 STATE OF
                                        

 COUNTY OF
                                     
 Before me, the undersigned authority, on this date personally appeared David C. Owen, CEO of ICOP Digital, Inc., a Colorado corporation, known to me to
be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity stated, and as the act and deed of said corporation.

 Given under my hand and seal this      day of
                    , 2008. 
  

	
	
	  
	Notary Public

 (SEAL) 
 My
Commission Expires: 
 ______________________ 
 Commission
No.             
 Accepted this      day of 
                     , 2008 
 at West Palm Beach, Florida. 
 “PURCHASER” 
 [***] 
  

			
		
	By:	 	 

 [***] 

 Portions of this document have been redacted pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Redacted portions are indicated with the notation “[***]” 
  

 Schedule 6 
 Exceptions to Representations and warranties 
  

					
	 UCC Filing Number
	  	 Secured Party
	  	 Collateral

	096103387	  	Equity Bank	  	Security Interest in Inventory, Accounts and Other Rights to Payments, General Intangibles, Deposit Accounts
		  		  	(UCC WILL BE TERMINATED UPON FUNDING OF FACILITY)
	096103353	  	Equity Bank	  	All Collateral
		  		  	(UCC WILL BE TERMINATED UPON FUNDING OF FACILITY)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]