Document:

Joinder Agreement and Ninth Loan and Security Agreement

 Exhibit 10.2 
 JOINDER AGREEMENT AND NINTH AMENDMENT TO 
 LOAN AND SECURITY AGREEMENT 
 THIS JOINDER AGREEMENT AND NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Agreement”) is made and entered into as of the 20th day of
December, 2006, among FCC, LLC, d/b/a First Capital, a Florida limited liability company (“Lender”), FOREFRONT GROUP, INC., a Florida corporation formerly known as Datrek Professional Bags, Inc. (“ForeFront Group”),
MILLER GOLF COMPANY, a Florida corporation formerly known as Miller Acquisition, Inc. (“Miller”), FOREFRONT BURTON, INC., a Florida corporation (“ForeFront Burton”), and FOREFRONT DEVANT, INC., a Florida
corporation (“ForeFront Devant”; ForeFront Group, Miller, ForeFront Burton and ForeFront Devant are referred to herein individually as a “Borrower” and collectively as the “Borrowers”). 
 W I T N E S S E T H: 
 WHEREAS, ForeFront Group, Miller, ForeFront Burton and Lender entered into that certain Loan and Security Agreement dated as of October 15, 2004 (as
amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”); and 
 WHEREAS, ForeFront Group,
Miller and ForeFront Burton have requested that Lender consent to the formation of ForeFront Devant and the acquisition by ForeFront Devant of certain assets and the assumption of certain liabilities of Devant, Ltd., a North Carolina corporation
(“Seller”), pursuant to that certain Asset Purchase Agreement of even date herewith among ForeFront Devant, ForeFront Holdings, ForeFront Group, Seller, James M. Sheppard, Jr., Mary Ann Sheppard Chambers, Rebecca Sheppard Roberts and
Deborah Ann Sheppard (the “Asset Purchase Agreement”; the Asset Purchase Agreement and all agreements, documents, certificates and other items executed and/or delivered in connection therewith are referred to herein as the
“Acquisition Documents”); and 
 WHEREAS, Borrowers have requested that Lender finance the transaction contemplated by the
Acquisition Documents (the “Acquisition”) and that Lender include the accounts receivable and other assets of ForeFront Devant in the borrowing base described in the Loan Agreement to the extent that such assets satisfy the eligibility
standards set forth therein; and 
 WHEREAS, Lender is willing to grant such consent and provide such financing (subject to the terms and
conditions of the Loan Agreement) so long as ForeFront Devant becomes an additional borrower under the Loan Agreement and causes Lender to have a perfected, first-priority security interest in all of its assets; and 
 WHEREAS, ForeFront Devant is willing to join the Loan Agreement as an additional borrower; and 

 WHEREAS, Borrowers and Lender desire to amend the Loan Agreement as set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing premises, and other good and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Defined Terms. All capitalized terms used herein and not
otherwise expressly defined herein shall have the respective meanings given to such terms in the Loan Agreement. 
 2. Joinder of
ForeFront Devant as a Borrower. The Loan Agreement is hereby amended such that each reference to “Borrower” thereunder shall be deemed to be a reference to each Borrower. ForeFront Devant hereby acknowledges and agrees that (a) it
is familiar with the Loan Agreement and the other Loan Documents, and (b) from and after the date hereof, it is jointly and severally liable with ForeFront Group, Miller and ForeFront Burton for all outstanding Obligations. Borrowers
acknowledge and agree that Lender is making an accommodation to Borrowers by permitting the addition of ForeFront Devant to the Loan Agreement as an additional borrower by means of this Agreement, rather than requiring that Borrowers incur the cost
and expense of amending and restating the Loan Agreement. Accordingly, each reference in the Loan Agreement to “Borrower” shall be construed in the manner most favorable to Lender in determining whether such reference applies to all
Borrowers or to any Borrower. For example, the grant of the security interest set forth in Section 5(a) of the Loan Agreement shall be construed to be a grant of a security interest by each Borrower, while Section 13(a)(vi) of the Loan
Agreement shall be construed such that a Default shall exist if any Borrower becomes insolvent or institutes (or has instituted against it) a bankruptcy proceeding. 
 3. Grant of Security Interest by ForeFront Devant. Without limiting the generality of Section 2 above, ForeFront Devant hereby pledges, assigns and grants to Lender, for the benefit of itself and its
Affiliates, a lien on and security interest in all right, title and interest of ForeFront Devant in and to the Collateral (including, without limitation, all of ForeFront Devant’s accounts, inventory, equipment, general intangibles, chattel
paper, goods, documents, instruments, investment property, letter-of-credit rights, letters of credit and deposit accounts (as such terms are defined in the UCC), in each case whether now owned or existing or hereafter acquired or arising) as
security for all of the Obligations. 
 4. Representations and Warranties Regarding Seller, ForeFront Devant and Acquisition.
Borrowers represent and warrant to Lender as follows: 
 (a) the following information is true and correct with respect to Seller: 

Exact Legal Name: Devant, Ltd. 
 Type of
Organization: Corporation 
 State of Organization: North Carolina 
 State Organizational Identification Number: 0040705 
  

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 (b) The chief executive office and substantially all of the property of Seller is located at 3011 Walkup
Avenue, Monroe, North Carolina 28110. Other than the address specified in this clause (b), Seller has not maintained its chief executive office or any property at any other location in the past five years. 
 (c) The following information is true and correct with respect to ForeFront Devant: 
 Exact Legal Name: ForeFront Devant, Inc. 
 Type of Organization: Corporation 
 State of Organization: Florida 
 State Organizational Identification Number: P06000138585 
 (d) The chief executive office of ForeFront Devant is located at 835 Bill Jones Industrial Drive, Springfield, Tennessee 37172. 
 (e) ForeFront Devant is duly organized and validly existing under the laws of its state of organization; the execution, delivery, and performance of this Agreement, the Loan Agreement and the other Loan Documents to
which ForeFront Devant is a party are within ForeFront Devant’s corporate powers, have been duly authorized, do not violate ForeFront Devant’s constituent documents or any law or regulation, including without limitation, any law or
regulation relating to occupational health and safety or protection of the environment, applicable to ForeFront Devant, or any indenture, agreement, or undertaking to which ForeFront Devant is a party or by which ForeFront Devant or ForeFront
Devant’s property is bound; and this Agreement, the Loan Agreement and the other Loan Documents to which ForeFront Devant is a party constitute valid, binding and enforceable obligations of ForeFront Devant in accordance with the terms hereof
and thereof, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, moratorium or other similar laws applicable to creditors’ rights generally or by generally applicable equitable principles affecting the
enforcement of creditors’ rights. 
 (f) ForeFront Group owns 100% of the outstanding capital stock of ForeFront Devant, and ForeFront
Devant has no subsidiaries. 
 (g) Borrowers have furnished to Lender true, complete and correct copies of all of the Acquisition Documents
(including any schedules, exhibits and annexes thereto) as in effect on the date hereof. None of the Acquisition Documents has been amended, supplemented or modified, and the Acquisition Documents constitute the complete understanding among the
parties thereto in respect of the Acquisition and the other matters and transactions covered thereby. Each Acquisition Document has been duly executed and delivered by the parties thereto and is a legal, valid and binding obligation of each such
party, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally or by general equitable principles. 
 (h) On the date hereof, the transactions contemplated by the Acquisition Documents will have been consummated in accordance with all applicable laws and,
except as consented to in 
  

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 writing by Lender, in the manner provided therein in accordance with the terms thereof without any material waivers or
amendments thereto, and each of the material conditions to such consummation set forth in the Acquisition Documents shall have been fulfilled without any waiver of any thereof. 
 5. Multiple Borrower Matters. 
 (a)
Borrowers’ Agent. Borrowers hereby appoint ForeFront Group, and ForeFront Group shall act under the Loan Agreement and the other Loan Documents as, the agent, attorney-in-fact and legal representative of all Borrowers for all purposes,
including requesting advances and receiving account statements and other notices and communications to Borrowers (or any of them) from Lender. Lender may rely, and shall be fully protected in relying, on any request for an advance, disbursement
instruction, report, information or any other notice or communication made or given by ForeFront Group, whether in its own name, as Borrowers’ Agent, or on behalf of one or more Borrowers, and Lender shall not have any obligation to make any
inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on it of any such request, instruction, report, information, other notice or communication, nor shall the joint and several character of
Borrowers’ obligations under the Loan Agreement and the other Loan Documents be affected, provided, that the provisions of this paragraph shall not be construed so as to preclude any Borrower from taking actions permitted to be taken by a
“Borrower” under the Loan Agreement or any other Loan Document. 
 (b) Joint and Several Liability. 
 (i) All loan advances made to or for the benefit of Borrowers by Lender and all of the other Obligations of Borrowers, including all interest, fees,
costs and expenses with respect thereto, shall constitute one joint and several direct and general obligation of all Borrowers. Notwithstanding anything to the contrary contained herein or in any other Loan Document, each Borrower shall be jointly
and severally, with each other Borrower, directly and unconditionally liable to Lender for all Obligations, it being understood that the advances to each Borrower inure to the benefit of all Borrowers, and that Lender is relying on the joint and
several liability of Borrowers as co-makers in extending the loans under the Loan Agreement. Each Borrower hereby unconditionally and irrevocably agrees that upon default in the payment when due (whether at stated maturity, by acceleration or
otherwise) of any principal of, or interest on, any Obligation payable to Lender, it will forthwith pay the same, without notice or demand, unless such payment is then prohibited by application of law (provided such Obligation shall not be
extinguished by any such prohibition). 
 (ii) No payment or payments made by any Borrower or any other Person or received or collected by
Lender from any Borrower or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce,
release or otherwise affect the liability of each Borrower under this Agreement and the Loan Agreement, and each Borrower shall remain liable for all of the other Obligations until all of the Obligations are paid in full. 
  

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 (c) Obligations Absolute. Each Borrower agrees that the Obligations will be paid strictly in
accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of Lender with respect thereto, unless such payment is then
prohibited by applicable law (provided such Obligation shall not be extinguished by any such prohibition). All Obligations shall be conclusively presumed to have been created in reliance hereon, and Lender’s consent to the creation of ForeFront
Devant and the consummation of the Acquisition shall be conclusively presumed to have been granted in reliance hereon. The Obligations and other liabilities under the Loan Agreement and the other Loan Documents shall be absolute and unconditional
irrespective of: (i) any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto; (ii) any change in the time, manner or place of payments of, or in any other term of, all or any part
of the Obligations, or any other amendment or waiver thereof or any consent to departure therefrom, including any increase in the Obligations resulting from the extension of additional credit to any Borrower or otherwise; (iii) any taking,
exchange, release of or non-perfection in any Collateral, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the Obligations; (iv) any change, restructuring or termination of the corporate
structure or existence of any Borrower; or (v) any other circumstance which may otherwise constitute a defense available to, or a discharge of, any Borrower. The Loan Agreement and the other Loan Documents shall continue to be effective or be
reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by Lender upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as though such payment had
not been made. 
 (d) Waiver of Suretyship Defenses. Each Borrower agrees that the joint and several liability of Borrowers provided
for in this Agreement shall not be impaired or affected by any modification, supplement, extension or amendment of any contract or agreement to which one or more other Borrowers may hereafter agree (other than an agreement signed by Lender
specifically releasing such liability), nor by any delay, extension of time, renewal, compromise or other indulgence granted by Lender with respect to any of the Obligations, nor by any other agreements or arrangements whatever with one or more
other Borrowers or with any other Person, each Borrower hereby waiving all notice of such delay, extension, release, substitution, renewal, compromise or other indulgence, and hereby consenting to be bound thereby as fully and effectually as if it
had expressly agreed thereto in advance. The liability of each Borrower is direct and unconditional as to all of the Obligations and may be enforced without requiring Lender first to resort to any other right, remedy or security. Each Borrower
hereby expressly waives promptness, diligence, notice of acceptance and any other notice (except to the extent expressly provided for herein or in another Loan Document) with respect to any of the Obligations, this Agreement, the Loan Agreement or
any other Loan Document and any requirement that Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Borrower or any other Person or any Collateral, including any
rights any Borrower may otherwise have under Section 10-7-24 of the Official Code of Georgia Annotated or any successor statute or any analogous statute in any jurisdiction under the laws of which any Borrower is incorporated or in which any
Borrower conducts business. 
  

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 (e) Contribution and Indemnification among Borrowers. Each Borrower is obligated to repay the
Obligations as joint and several obligors under the Loan Agreement and the other Loan Documents. To the extent that any Borrower shall, under the Loan Agreement or any other Loan Document as a joint and several obligor, repay any of the Obligations
constituting advances made to another Borrower or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then, to the extent that such Borrower has not received the benefit of such repaid
Obligations (whether through an inter-company loan or otherwise), the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of
such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s “Allocable Amount” (as defined below) and the denominator of which fraction is the sum of the Allocable
Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the greater of (i) the amount of such repaid Obligations actually received by such Borrower (whether through
an inter-company loan or otherwise), and (ii) the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (A) rendering such Borrower “insolvent” within the meaning
of Title 11 of the United States Code (the “Bankruptcy Code”), Section 2 of the Uniform Fraudulent Transfer Act (the “UFTA”), or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (B) leaving
such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 4 of the UFCA, or (C) leaving such Borrower unable to pay its debts as they
become due within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA. All rights and claims of contribution, indemnification and reimbursement under this paragraph shall be subordinate
in right of payment to the prior payment in full of the Obligations. 
 6. Consents by Lender Regarding Creation of ForeFront Devant and
Acquisition. Notwithstanding the restrictions set forth in Section 8(f) of the Loan Agreement that would otherwise prohibit the creation of ForeFront Devant and the consummation of the Acquisition, Lender hereby consents to the creation of
ForeFront Devant and to the consummation of the Acquisition on the terms and conditions set forth in the Acquisition Documents in the form delivered to and approved by Lender on or prior to the date hereof. Borrowers acknowledge and agree that such
consents shall not entitle any Borrower to any future consent or waiver and shall not be construed to create a course of dealing between Borrowers and Lender. 
 7. Notices to Borrowers. Borrowers hereby notify Lender that all notices to Borrowers in connection with the Loan Agreement and the other Loan Documents should be addressed to Borrowers as follows: 

ForeFront Group, Inc. 
 835 Bill Jones
Industrial Way 
 Springfield, Tennessee 
 Attention: Randall J. Frapart 
 Facsimile Number: 615-384-1290 
  

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 With a copy to: 
 Adorno & Yoss LLP 
 2525 Ponce de Leon Boulevard 
 Suite 400 
 Miami, Florida 33134 

Attention: Carlos A. Mas, Esq. 
 Facsimile
Number: 305-503-8901 
 8. Conditions Precedent. The effectiveness of this Agreement (including the consent by Lender set forth above)
is conditioned upon the satisfaction of the following conditions precedent, in each case in a manner and pursuant to documentation in form, substance and effect satisfactory to Lender in its sole discretion: 
 (a) Lender’s receipt of a duly executed original of this Agreement from Borrowers; 
 (b) Lender’s receipt of evidence satisfactory to Lender that Lender has a perfected, first-priority security interest in the assets
of ForeFront Devant, subject to no other Liens; 
 (c) Lender’s receipt of a subordination agreement, in form and
substance acceptable to Lender, with respect to ForeFront Devant’s obligations under the Acquisition Documents (including all obligations with respect to earnout payments, if any); and 
 (d) such other landlord’s waivers, instruments, documents, agreements, certificates, acknowledgments, and other items as Lender may
reasonably request. 
 9. Post-Closing Requirement. Borrowers covenant and agree with Lender that Borrowers shall deliver to Lender
(a) not later than January 3, 2007, evidence satisfactory to Lender that all of the Collateral of ForeFront Devant after giving effect to the Acquisition is covered by insurance of types and in amounts satisfactory to Lender, together with
documentation acceptable to Lender that causes Lender to be an additional insured and loss payee on such policies, and (b) not later than January 20, 2007, good standing certificates from the Secretaries of State of the States of North
Carolina and Tennessee evidencing that ForeFront Devant has duly qualified to do business as a foreign corporation in the State of North Carolina and Tennessee by such date. 
 10. Reaffirmation of Representations and Warranties. Borrowers hereby restate, ratify and reaffirm each and every term, condition, representation
and warranty heretofore made by them under or in connection with the execution and delivery of the Loan Agreement, as amended hereby, and the other Loan Documents, as fully as though such representations and warranties had been made on the date
hereof and with specific reference to this Agreement and the Loan Documents. 
  

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 11. No Other Changes. Except as set forth herein, the Loan Agreement and each other Loan Document
to which it is a party shall be and remain in full force and effect as originally written, and shall constitute the legal, valid, binding and enforceable obligation of each Borrower to Lender. 
 12. Costs and Expenses. In consideration of the accommodations made by Lender hereunder, Borrowers jointly and severally agree to pay to Lender
(a) an amendment fee of $20,000 on the date hereof and (b) on demand all costs and expenses of Lender in connection with the preparation, execution, delivery and enforcement of this Agreement and the other Loan Documents and any other
transactions contemplated hereby and thereby, including, without limitation, the fees and out-of-pocket expenses of legal counsel to Lender. Such amendment fee shall be fully earned on the date hereof and is not subject to refund or rebate. Such
amendment fee constitutes a fee for services and is not interest or a charge for the use of money. 
 13. No Default. To induce Lender
to enter into this Agreement, Borrowers hereby represent and warrant that, as of the date hereof, and after giving effect to the terms hereof, there exists no Default under the Loan Agreement or any of the other Loan Documents. The breach of any
representation, warranty, covenant or agreement by one or more Borrowers hereunder shall constitute a Default under the Loan Agreement. 
 14. Counterparts; Facsimile or Electronic Signatures. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which, when so executed and delivered, shall be
deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. Delivery of an executed counterpart of this Agreement by telecopier or electronic transmission shall be equally as effective as
delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telecopier or electronic transmission also shall deliver an original executed counterpart of this Agreement but the
failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. 
 15. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the successors and permitted assigns of the parties hereto. 
 16. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Georgia, other than its laws respecting choice of law. 
 [SIGNATURES BEGIN ON NEXT PAGE] 
  

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 IN WITNESS WHEREOF, Borrowers and Lender have caused this Agreement to be duly executed as of the date
first above written. 
  

			
	 FOREFRONT GROUP, INC., a Florida corporation
 formerly known as Datrek Professional Bags, Inc.

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	 MILLER GOLF COMPANY, a Florida corporation
 formerly known as Miller Acquisition, Inc.

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	 FOREFRONT BURTON, INC. a Florida
 corporation

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	 FOREFRONT DEVANT, INC., a Florida
 corporation

		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	President
	
	FCC, LLC, d/b/a First Capital
		
	By:	 	 /s/ Brian J. Cuttic

		 	Brian J. Cuttic,
		 	Executive Vice President

  

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 The undersigned acknowledges the foregoing and agrees that the Information and Support Agreement to which the undersigned
is party dated as of October 15, 2004 in favor of Lender remains in full force and effect, subject to no right of offset, claim or counterclaim. 
  

			
	 /s/ Michael Hedge

	MICHAEL HEDGE
	
	STANFORD INTERNATIONAL BANK LIMITED
		
	By:	 	 /s/ James M. Davis

	Name:	 	James M. Davis
	Title:	 	Chief Financial Officer

 The undersigned acknowledges the foregoing and agrees that the Guaranty of the undersigned dated as of
October 15, 2004 in favor of Lender remains in full force and effect, subject to no right of offset, claim or counterclaim. 
  

			
	FOREFRONT HOLDINGS, INC., a Florida corporation
	formerly known as Datrek Miller International, Inc.
		
	By:	 	 /s/ Michael S. Hedge

	Name:	 	Michael S. Hedge
	Title:	 	Chief Executive Officer

  

 10First Amendment to Preferred Stock Purchase Agreement

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 PREFERRED STOCK PURCHASE AGREEMENT 
 THIS FIRST AMENDMENT TO PREFERRED STOCK PURCHASE AGREEMENT (the “Amendment”) is made as of this 20th day of December, 2006, by and between FOREFRONT HOLDINGS, INC., a Florida corporation, formerly known as Datrek Miller International, Inc. (the
“Company”), and STANFORD INTERNATIONAL BANK LTD., an Antiguan banking corporation (the “Purchaser”). 
 RECITALS

 WHEREAS, the Company and the Purchaser entered into that certain Preferred Stock Purchase Agreement, dated as of
November 30, 2005 (the “Original Agreement”), whereby the Purchaser agreed to purchase up to 4,000,000 shares (subsequently increased to 4,500,000) of the Company’s Series B $2.00 Convertible Preferred Stock, $0.001 par value per
share (the “Series B Preferred Stock”) along with warrants to purchase an aggregate of 2,400,000 shares of the Company’s common stock (the “Common Stock”); 
 WHEREAS, the Company and the Purchaser desire to amend the Original Agreement to provide, among other things, for the purchase by the Purchaser of
up to 2,000,000 shares of the Company’s Series C $4.00 Convertible Preferred Stock (the “Series C Preferred Stock”), the terms of which are as set forth in the Certificate of Designation of Series C $4.00 Convertible Preferred Stock
attached hereto as Exhibit A (the “Series C Certificate of Designation”), and warrants to purchase an additional 1,200,000 shares of Common Stock (the “Warrants”) for an aggregate purchase price of $8,000,000 on the same terms
and conditions set forth in the Original Agreement as amended hereby; 
 WHEREAS, in connection with the transactions contemplated by
the Original Agreement, the Company granted certain registration rights to the Purchaser and certain other investors pursuant to the terms of that certain Registration Rights Agreement, dated as of November 30, 2005 (the “Registration
Rights Agreement”) and 
 WHEREAS, the Company and the Purchaser desire to amend the Original Agreement and the Registration
Rights Agreement as provided below. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

 AGREEMENT 
 1. Agreement to Purchase Series C Preferred Stock; Purchase Price. 
 (a) Subject to the terms
and conditions in the Original Agreement, as amended hereby, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to issue and sell to the Purchaser: (i) up to 2,000,000 shares of Series C Preferred Stock; and
(ii) Warrants to purchase up to 1,200,000 shares of Common Stock based on a ratio of 6/10 Warrant share for each Series C Preferred Stock share issued, for an aggregate maximum purchase price of $8,000,000 ($4.00 per share of Series C Preferred
Stock), which shall be payable in immediately available funds on the applicable closing dates as determined pursuant to Section 1(b) below. 
 (b) Delivery of the shares of Series C Preferred Stock to be purchased by the Purchaser hereunder shall be made in the form of one or more stock certificates, registered in such names as the Purchaser may specify and in each case dated as
of each Closing Date (as defined below). Delivery of the Warrants to be purchased by the Purchaser hereunder shall be made in the form of one or more Warrants, registered in such names as specified in Schedule A hereto (based on the percentages
listed therein). Payment of the aggregate purchase price for such shares of Series C Preferred Stock and Warrants shall be made by the Purchaser in the form specifically agreed by the parties or by wire transfer to an account of the Company, by 5:00
PM, Eastern Standard Time, on the applicable closing date (any such closing date being referred to herein as a “Closing Date”). The Closing Dates for the sale of the Series B Preferred Stock and corresponding Warrants through
December 31, 2006 shall be as follows: 
  

								
	 Closing Date
	  	Purchase Price	  	 Number of Shares of
 Series C Preferred Stock
	  	 Number of
 Warrants

	 November 3, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 6, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 10, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 13, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 17, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 20, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 24, 2006
	  	$	300,000	  	75,000	  	45,000
	 November 27, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 1, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 4, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 8, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 11, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 15, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 18, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 22, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 26, 2006
	  	$	400,000	  	100,000	  	60,000
	 December 29, 2006
	  	$	371,000	  	92,750	  	55,650
		  	 	 	  	 	  	 
	 TOTAL through December 31, 2006
	  	$	6,071,000	  	1,517,750	  	910,650
		  	 	 	  	 	  	 

  

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 Notwithstanding the foregoing, the Purchaser, in its sole discretion, may fund future amounts hereunder on different
Closing Dates and in different amounts as set forth above based on requests received by the Company from time to time. 
 (c) Subsequent
closings shall occur as and when agreed by the parties in order to finance the Company’s needs for acquisitions and working capital. The Company shall submit each sale request (a “Request”) to Purchaser at least two weeks before the
desired Closing Date. In connection with each Request, the Company shall state the number of shares of Series C Preferred Stock to be sold, and shall provide to Purchaser the proposed use of proceeds, together with such information relating to the
transaction and the Company’s business and financial condition as Purchaser shall request. Purchaser shall have the right to accept or reject any Request (or any funding hereunder) in its sole discretion. 
 2. Additional Amendments to the Original Agreement. 
 (a) Section 3(a) of the Original Agreement is hereby deleted in its entirety and replaced with the following: 
 “Organization. The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida and has all requisite corporate power and authority to carry on its business as now
conducted. The Company has no other interest in any other entities except for its wholly-owned subsidiaries Forefront Group, Inc., Miller Golf Company, ForeFront Multimedia, LLC and Forefront Burton, Inc. (a wholly-owned subsidiary of Forefront
Group, Inc.) as well as a 50% membership interest in ForeFront Crellin LLC. The Company is duly qualified as a foreign corporation and in good standing in all jurisdictions in which either the ownership or use of the properties owned or used by it,
or the nature of the activities conducted by it, requires such qualification. The minute books and stock record books and other similar records of the Company have been provided or made available to the Purchaser or its counsel prior to the
execution of this Agreement, are complete and correct in all material respects and have been maintained in accordance with sound business practices. Such minute books contain true and complete records of all actions taken at all meetings and by all
written 
  

 3 

 consents in lieu of meetings of the directors, stockholders and committees of the board of directors of
the Company from the date of organization through the date hereof. The Company has, prior to the execution of this Agreement, delivered to the Purchaser true and complete copies of the Company’s Articles of Incorporation, and Bylaws, each as
amended through the date hereof. The Company is not in violation of any provisions of its Articles of Incorporation or Bylaws.” 
 (b)
Section 3(b) of the Original Agreement is hereby deleted in its entirety and replaced with the following: 
 “Capitalization.
On the date hereof, the authorized capital of the Company consists of: (i) 500,000,000 shares of Common Stock, par value $0.001 per share, of which 7,548,239 shares are issued and outstanding and (ii) 25,000,000 shares of preferred stock,
par value $0.001 per share, of which (A) 1,000,000 shares of Series A Preferred Stock are authorized, all of which are issued and outstanding, (B) 4,500,000 shares of Series B Preferred Stock are authorized, all of which are issued and
outstanding and (C) 3,000,000 shares of Series C Preferred Stock are authorized, 225,000 of which are issued and outstanding. The Company’s filings with the Commission (the “Commission Filings”) accurately disclose the
outstanding capital stock of the Company and all outstanding options, warrants, notes, or any other rights or instruments which would entitle the holder thereof to acquire shares of the Common Stock or other equity interests in the Company upon
conversion or exercise, setting forth for each such holder the type of security, number of equity shares covered thereunder, the exercise or conversion price thereof, the vesting schedule thereof (if any), and the issuance date and expiration date
thereof. Other than as disclosed in the Commission Filings, there are no outstanding rights, agreements, arrangements or understandings to which the Company is a party (written or oral) which would obligate the Company to issue any equity interest,
option, warrant, convertible note, or other types of securities or to register any shares in a registration statement filed with the Commission. Other than as disclosed in the Commission Filings, there is no agreement, arrangement or understanding
between or among any entities or individuals which affects, restricts or relates to voting, giving of written consents, dividend rights or transferability of shares with respect to any voting shares of the Company, including without limitation any
voting trust agreement or proxy. The Commission Filings accurately disclose all the shares subject to “lock-up” or similar agreements or arrangements by which any equity shares are subject to resale restrictions and the Company has
provided the Purchaser complete and accurate copies of all such agreements, which agreements are in full force and effect. Except as set forth in the Commission Filings, there are no outstanding obligations of the Company to repurchase, redeem or
otherwise acquire for value any outstanding shares of capital stock or other ownership interests of the Company or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other entity. There are
no anti-dilution or price adjustment provisions regarding any security issued by the Company (or in any agreement providing rights to security holders) that will be triggered by the issuance of the Securities (as defined below).” 
  

 4 

 3. Registration Rights Agreement. The Registration Rights Agreement is hereby amended to
provide that the Company shall prepare and file with the Securities and Exchange Commission on behalf of the Purchaser and the investors identified on Schedule A (along with any permitted transferee or assignee of Registrable Securities who agrees
to become bound by all of the terms and provisions hereof), (i) on or prior to June 30, 2007 (on Form S-1 or SB-2, or other appropriate registration statement form) under the Securities Act of 1933, as amended (the “Registration
Statement”), and (ii) if at least 20% of the Registrable Securities covered under the Registration Statement filed under (i) remain unsold during the effective period of such Registration Statement, then within 20 days following
receipt of a written notice from the holders representing a majority of such unsold Registrable Securities, another Registration Statement so as to permit a resale of the Securities under the Securities Act by the Holders as selling stockholders and
not as underwriters. 
 4. Miscellaneous. 
 (a) The Original Agreement and the Registration Rights Agreement is reaffirmed and ratified in all respects, except as expressly provided herein. 
 (b) All terms and conditions applying to the “Series B Preferred Stock” contained in the Original Agreement and the Registration Rights
Agreement (and the ancillary documents executed in connection therewith) shall apply equally to the Series C Preferred Stock and the Warrants issued hereunder and all references to “Securities” contained in the Original Agreement shall
also include the Series C Preferred Stock. Without limiting the generality of the foregoing, all references to “Registrable Securities” contained in the Registration Rights Agreement shall also include the shares of Common Stock issuable
upon conversion of the Series C Preferred Stock, the shares of Common Stock issuable upon exercise of the Warrants, the shares of Common Stock issuable upon the exercise of the warrants issuable in the event of a registration default pursuant to
Section 4(e) of the Registration Rights Agreement and the shares of Common Stock issued as a dividend or other distribution with respect to the Conversion Shares, Warrant Shares or Default Warrant Shares. 
 (c) The Company’s representations and warranties contained in the Original Agreement are true and correct in all respects on and as of the date
hereof, as though made on and as of such date, except to the extent that any such representation or warranty relates solely to an earlier date, in which case such representation or warranty is true and correct in all respects on and as of such
earlier date. The Company has performed all covenants and agreements required to be performed pursuant to the Original Agreement in all respects on and as of the date hereof and as of the date hereof there exists no violation or default (or any
event which with the giving of notice, or lapse of time or both, would result in a violation or become a default) under the Original Agreement. 
 (d) In the event of any conflict between the terms or provisions of this Amendment and the Original Agreement, then this Amendment shall prevail in all respects. Otherwise, the provisions of the Original Agreement shall remain in full force
and effect. 
  

 5 

 (e) Capitalized terms used in this Amendment and not otherwise defined in this Amendment have the
meanings assigned to them in the Original Agreement or the Registration Rights Agreement, as the case may be. 
 (f) The parties shall
execute and deliver any other instruments or documents and take any further actions after the execution of this Amendment, which may be reasonably required for the implementation of this Amendment and the transactions contemplated hereby.

 [Remainder of Page Intentionally Left Blank] 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

  

			
	COMPANY:
	
	Forefront Holdings, Inc.
		
	By:	 	 /s/ Michael S. Hedge

		 	Michael S. Hedge
		 	Chief Executive Officer
	
	PURCHASER:
	
	Stanford International Bank Ltd.
		
	By:	 	 /s/ James M. Davis

		 	James M. Davis
		 	Chief Financial Officer

  

 7 

 SCHEDULE A 
 Warrants Distribution 
  

						
	 Name
	  	 Address
	  	% of
Warrants	 
	Stanford International Bank, Ltd.	  	No. 11 Pavilion Drive, St. John's, Antigua, West Indies	  	50	%
			
	Daniel T. Bogar	  	 1016 Sanibel Drive,
 Hollywood, Fl.
33019
	  	10	%
			
	William R. Fusselmann	  	 141 Crandon Blvd. # 437
 Key Biscayne, FL
33149
	  	10	%
			
	Osvaldo Pi	  	 6405 SW 104th
Street
 Pinecrest, FL 33156
	  	10	%
			
	Ronald M. Stein	  	 6520 Allison Road
 Miami Beach, Fl.
33141
	  	10	%
			
	Charles M. Weiser	  	 3521 N. 55th Ave.
 Hollywood, FL 33021
	  	10	%
			
	 TOTAL
	  		  	100	%

  

 8 

 EXHIBIT A 
 FOREFRONT HOLDINGS, INC. 
 a Florida corporation 
 CERTIFICATE OF DESIGNATION 
 OF

 SERIES C $4.00 CONVERTIBLE PREFERRED STOCK 
 Pursuant to the Florida Business Corporation Act, the undersigned, being an officer of Forefront Holdings, Inc., a Florida corporation (the “Corporation”), does hereby certify that the
following resolution was adopted by the unanimous consent of the Corporation’s board of directors (the “Board”) authorizing the creation and issuance of 3,000,000 shares of Series C $4.00 Convertible Preferred
Stock: 
 RESOLVED, that pursuant to authority expressly granted to and vested in the Board by the Articles of Incorporation, as amended, of
the Corporation, the Board hereby creates 3,000,000 shares of Series C $4.00 Convertible Preferred Stock of the Corporation and authorizes the issuance thereof, and hereby fixes the designation thereof, and the voting powers, preferences and
relative, participating, optional and other special rights, and the qualifications, limitations or restrictions thereon (in addition to the designation, preferences and relative, participating and other special rights, and the qualifications,
limitations or restrictions thereof, set forth in the Articles of Incorporation, as amended, of the Corporation, which are applicable to the preferred stock, if any) as follows: 
 2. Designation. The series of preferred stock shall be designated and known as “Series C $4.00 Convertible Preferred Stock” (the
“Series C Preferred Stock”). The number of shares constituting the Series C Preferred Stock shall be 3,000,000. Each share of the Series C Preferred Stock shall have a stated value equal to $4.00 (the
“Stated Value”). 
 3. Conversion Rights. The Series C Preferred Stock shall be convertible into
the common stock, $0.001 par value, of the Corporation (“Common Stock”) as follows: 
 (a) Optional
Conversion. Subject to and upon compliance with the provisions of this Section 2, a holder of any shares of the Series C Preferred Stock (a “Holder”) shall have the right, at such Holder’s option at any
time, to convert any of such shares of the Series C Preferred Stock held by the Holder into fully paid and non-assessable shares of the Common Stock at the then Conversion Rate (as defined herein). 
 (b) Automatic Conversion. Each share of Series C Preferred Stock shall automatically be converted into shares of Common Stock at the
then-effective Conversion Rate upon the earlier of (i) the date specified by vote or written consent or agreement of holders of at least 

 two-thirds of the then outstanding shares of the Series C Preferred Stock, or (ii) upon the closing of a Qualified
Public Offering. As used herein, a “Qualified Public Offering” shall be the commitment, underwritten public offering of the Corporation’s Common Stock registered under the Securities Act of 1933, as amended (the
“Securities Act”), at a public offering price (prior to underwriters’ discounts and expenses) equal to or exceeding $3.00 per share of Common Stock (as adjusted for any stock dividends, combinations or split with
respect to such shares), which generates aggregate net proceeds to the Corporation (after deduction for underwriters’ discounts and expenses relating to the issuance, including without limitation fees of the Corporation’s counsel) equal to
or exceeding $13,000,000. 
 (c) Conversion Rate. Each share of the Series C Preferred Stock is convertible into the number of shares
of the Common Stock as shall be calculated by dividing the Stated Value by $4.00 (the “Conversion Price”; the conversion rate so calculated, the “Conversion Rate”), subject to adjustments
as set forth in Section 2(e) hereof. 
 (d) Mechanics of Conversion. 
 (i) The Holder may exercise the conversion right specified in Section 2(a) by giving written notice to the Corporation at any time, that the Holder
elects to convert a stated number of shares of the Series C Preferred Stock into a stated number of shares of Common Stock, and by surrendering the certificate or certificates representing the Series C Preferred Stock to be converted, duly endorsed
to the Corporation or in blank, to the Corporation at its principal office (or at such other office as the Corporation may designate by written notice, postage prepaid, to all Holders) at any time during its usual business hours, together with a
statement of the name or names (with addresses) of the person or persons in whose name the certificate or certificates for Common Stock shall be issued. Such conversion shall be deemed to have been made immediately prior to the close of business on
the date of surrender of the shares of Series C Preferred Stock to be converted, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders
of such shares of Common Stock on such date. 
 (ii) If the conversion is in connection with the closing of a Qualified Public Offering, the
conversion may, at the option of any holder tendering shares of Series C Preferred Stock for conversion, be conditioned upon the closing of the Qualified Public Offering, in which event the person(s) entitled to receive the Common Stock upon
conversion of the Series C Preferred Stock shall not be deemed to have converted such Series C Preferred Stock until immediately prior to the closing of the Qualified Public Offering. 
 (e) Conversion Rate Adjustments. The Conversion Price shall be subject to adjustment from time to time as follows: 
 (i) Consolidation, Merger, Sale, Lease or Conveyance. In case of any consolidation or merger of the Corporation with or into another
corporation, or in case of any sale, lease or conveyance to another corporation of all or substantially all the assets of the Corporation, each share of the Series C Preferred Stock shall after the date of such consolidation, merger, sale, lease or
conveyance be convertible into the number of shares of stock or other securities or property 
  

 2 

 (including cash) to which the Common Stock issuable (at the time of such consolidation, merger, sale, lease or
conveyance) upon conversion of such share of the Series C Preferred Stock would have been entitled upon such consolidation, merger, sale, lease or conveyance; and in any such case, if necessary, the provisions set forth herein with respect to the
rights and interests thereafter of the Holder of the shares of the Series C Preferred Stock shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock of other securities or property thereafter
deliverable on the conversion of the shares of the Series C Preferred Stock. 
 (ii) Stock Dividends, Subdivisions, Reclassification,
or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of
shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision,
combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series C Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that he
would have owned or been entitled to receive had such Series C Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price shall be made whenever any event specified above shall occur. 
 (iii) Issuances of Securities. If at any time on or before January 15, 2008 the Corporation shall (i) sell or otherwise issue
shares of the Common Stock at a purchase price per share less than the Conversion Price in effect immediately prior to such issuance, or (ii) sell or otherwise issue the Corporation’s securities which are convertible into or exercisable
for shares of the Corporation’s Common Stock at a conversion or exercise price per share less than the Conversion Price in effect immediately prior to such issuance, then immediately upon such issuance or sale, the Conversion Price shall be
adjusted to a price equal to the purchase price of the shares of Common Stock or the conversion or exercise price per share of the Corporation’s securities sold or issued. If at any time after January 15, 2008, the Corporation shall
(i) sell or otherwise issue shares of the Common Stock at a purchase price per share less than the Conversion Price in effect immediately prior to such issuance, or (ii) sell or otherwise issue the Corporation’s securities which are
convertible into or exercisable for shares of the Corporation’s Common Stock at a conversion or exercise price per share less than the Conversion Price in effect immediately prior to such issuance, then immediately upon such issuance or sale,
the Conversion Price shall be adjusted to a price determined by multiplying the Conversion Price immediately prior to such issuance by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to
such issuance or sale, plus the number of shares of the Common Stock that the aggregate consideration received by the Corporation for such issuance would purchase at such Conversion Price; and the denominator of which shall be the number of shares
of Common Stock outstanding immediately prior to such issuance plus the number of the additional shares to be issued at such issuance or sale. 
 (iv) Excluded Transactions. No adjustment to the Conversion Price shall be required under this Section 2(e) in the event of the issuance of shares of Common Stock by the Corporation upon the conversion or exercise of or
pursuant to any outstanding stock options or stock option plan now existing or hereafter approved by the Holders which stock options have an exercise or conversion price per share of less than the Conversion Price. 
  

 3 

 (v) Reservation, Validity of Common Stock. The Corporation covenants that it will at all
times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock for the purpose of effecting conversion of the Series C Preferred Stock, the full number of shares of Common
Stock deliverable upon the conversion of all outstanding Series C Preferred Stock not therefore converted. Before taking any action which would cause an adjustment in the Conversion Rate such that Common Stock issuable upon the conversion of Series
C Preferred Stock would be issued in excess of the authorized Common Stock, the Corporation will take any corporate action which may, in the opinion of its counsel, be necessary in order that the Corporation may validly and legally issue fully-paid
and non assessable shares of Common Stock at such adjusted Conversion Rate. Such action may include, but it is not limited to, amending the Corporation’s articles of incorporation to increase the number of authorized Common Stock. 

(f) Approvals. If any shares of the Common Stock to be reserved for the purpose of conversion of shares of the Series C Preferred Stock require
registration with or approval of any governmental authority under any Federal or state law before such shares may be validly issued or delivered upon conversion, then the Corporation will in good faith and as expeditiously as possible endeavor to
secure such registration or approval, as the case may be. If, and so long as, any Common Stock into which the shares of the Series C Preferred Stock are then convertible is listed on any national securities exchange, the Corporation will, if
permitted by the rules of such exchange, list and keep listed on such exchange, upon official notice of issuance, all shares of such Common Stock issuable upon conversion. 
 (g) Valid Issuance. All shares of Common Stock that may be issued upon conversion of shares of the Series C Preferred Stock will upon issuance be
duly and validly issued, fully paid and non-assessable and free from all taxes, liens and charges with respect to the issuance thereof, and the Corporation shall take no action that will cause a contrary result. 
 4. Liquidation. 
 (a)
Liquidation Preference. In the event of liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the Holders of the Series C Preferred Stock shall be entitled to receive, prior and before any distribution
of assets shall be made to the holders of any Common Stock, an amount equal to the Stated Value per share of Series C Preferred Stock held by such Holder (the “Liquidation Pay Out”). After payment of the Liquidation
Pay Out to each Holder and the payment of the respective liquidation preferences of the other preferred stock of the Corporation, if any, pursuant to the Corporation’s Articles of Incorporation, as amended, each such Holder shall be entitled to
share with the holders of the Common Stock, the remaining assets of the Corporation available for distribution to the Corporation’s stockholders in proportion to the shares of Common Stock then held by the holders of the Common Stock and the
shares of Common Stock which the holders then have the right to acquire upon conversion of the Series C Preferred Stock. 
  

 4 

 (b) Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation,
the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the Holders of such Series C Preferred Stock, then all remaining net assets of the Corporation after the provision for the
payment of the Corporation’s debts shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders. 
 (c) Merger, Reorganization or Sale of Assets. For purposes of this Section 3, (i) any acquisition of the Corporation by means of merger
or other form of corporate reorganization in which outstanding shares of the Corporation are exchanged for securities or other consideration issued, or caused to be issued, by the acquiring corporation or its subsidiary (other than a mere
reincorporation transaction) or (ii) a sale of all or substantially all of the assets of the Corporation, shall be treated as a liquidation, dissolution or winding up of the Corporation and shall entitle the holders of Series C Preferred Stock
to receive at the closing in cash, securities or other property amounts as specified in Section 3(a), above. Whenever the distribution provided for in this Section 3 shall be payable in securities or property other than cash, the value of such
distribution shall be the fair market value of such securities or other property as determined in good faith by the Board. 
 5. Voting
Rights. Except as otherwise required under Florida law, the Holders of the Series C Preferred Stock shall be entitled to vote at any meeting of stockholders of the Corporation (or any written actions of stockholders in lieu of meetings) with
respect to any matters presented to the stockholders of the Corporation for their action or consideration. For the purposes of such stockholder votes, each share of Series C Preferred Stock shall be entitled to one vote for each share of Common
Stock such share of Series C Preferred Stock would be convertible into at the record date set for such voting. Notwithstanding the foregoing, so long as any shares of Series C Preferred Stock remain outstanding, the Corporation shall not, without
first obtaining the approval of the holders of at least a majority of the then outstanding shares of Series C Preferred Stock (i) alter or change the rights, preferences or privileges of the Series C Preferred Stock as outlined herein, or
(ii) create any new class of series of capital stock having a preference over the Series C Preferred Stock as to the payment of dividends or the distribution of assets upon the occurrence of a Liquidation Event (“Senior
Securities”), or (iii) alter or change the rights, preferences or privileges of any Senior Securities so as to adversely affect the Series C Preferred Stock. 
 6. Dividends. The Holders of the Series C Preferred Stock shall not be entitled to receive dividends. 
 7. No Preemptive Rights. No Holders of the Series C Preferred Stock, whether now or hereafter authorized, shall, as such Holder, have any
preemptive right whatsoever to purchase, subscribe for or otherwise acquire, stock of any class of the Corporation nor of any security convertible into, nor of any warrant, option or right to purchase, subscribe for or otherwise acquire, stock of
any class of the Corporation, whether now or hereafter authorized. 
 8. Exclusion of Other Rights. Except as may otherwise be
required by law, the shares of the Series C Preferred Stock shall not have any preferences or relative, participating, optional or other special rights, other than those specifically set forth in this resolution (as such resolution may be amended
from time to time) and in the Corporation’s Articles of Incorporation, as amended. 
  

 5 

 9. Headings of Subdivisions. The headings of the various subdivisions hereof are for
convenience of reference only and shall not affect the interpretation of any of the provisions hereof. 
 10. Severability of
Provisions. If any right, preference or limitation of the Series C Preferred Stock set forth in this certificate of designation (“Certificate”) (as such Certificate may be amended from time to time) is invalid,
unlawful or incapable of being enforced by reason of any rule of law or public policy, all other rights, preferences and limitations set forth in this Certificate (as so amended) which can be given effect without the invalid, unlawful or
unenforceable right, preference or limitation shall, nevertheless, remain in full force and effect, and no right, preference or limitation herein set forth shall be deemed dependent upon any other such right, preference or limitation unless so
expressed herein. 
 11. Status of Reacquired Shares. No shares of the Series C Preferred Stock which have been issued and
reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation. 
 IN WITNESS WHEREOF, the Corporation has caused this Certificate to be signed in its name and on its behalf by its Chief Executive Officer this
13th day of November, 2006. 
  

			
	By:	 	  

		 	Michael S. Hedge
		 	Chief Executive Officer

  

 6

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