Document:

Exhibit 10.18

 

PURCHASE AND SALE AGREEMENT

 

THIS AGREEMENT made this 20th
day of December, 2018, by and between HSBC BANK USA, NATIONAL ASSOCIATION, a bank organized under the laws of the United States
with offices located at 452 Fifth Avenue, New York, New York 10018 (“HSBC”), and QUALITY GOLD, INC., an Ohio
corporation with a place of business at 500 Quality Boulevard, Fairfield, Ohio 45014 (“Quality Gold”) and MTM, INC.,
a Delaware corporation with a place of business at 115 West 30th Street, New York, New York 10001-4010 (“MTM”) (Quality
Gold and MTM are hereinafter sometimes collectively referred to herein as the “Sellers” and, singly, as a “Seller”).

 

W I T N E S S E T H T H A T:

 

WHEREAS, the Sellers wish
to sell gold, silver, platinum and palladium (“Precious Metal”) to HSBC; and HSBC wishes to purchase said Precious
Metal from the Sellers; and

 

NOW, THEREFORE, for value
received, in consideration of the premises and of the mutual promises hereinafter contained, and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties do hereby agree as follows:

 

1.             Purchase
and Sale. The Sellers hereby agree to sell to HSBC and HSBC hereby agrees to purchase from Sellers, on the terms and conditions
hereinafter contained, the following (all of the property described in this Section 1 is hereinafter collectively referred to as the
 “Precious Metal Inventory”):

 

	45,041.131	fine troy ounces of gold
	86,224.776	fine troy ounces of silver
	0	fine troy ounces of platinum
	0	fine troy ounces of palladium

 

For the purposes of Section 1, the term “troy
ounces” shall mean the fine troy ounce content contained in Sellers' inventory determined at a degree of fineness of not less than
99.5%, in the case of gold, platinum and palladium, and 99.90%, in the case of silver

 

2.             Purchase
Price. In consideration of the transfer of the Precious Metal Inventory by Sellers to HSBC and in accordance with the instructions
of the Sellers, HSBC shall deliver 45,041.131 fine troy ounces of gold, 86,224.776 fine troy ounces of silver, 0 fine troy ounces of
platinum, and 0 fine troy ounces of palladium to The Bank of Nova Scotia (the “Purchase Consideration”). Nothing in
this Section 2 or elsewhere in this Agreement shall affect the passage to HSBC of title to the Precious Metal Inventory, which title
the parties intend, and shall be deemed, to pass on the date of the Bill of Sale hereinafter described.

 

3.             Conditions
Precedent to Sale. The obligation of HSBC to purchase the Precious Metal Inventory is subject to the following conditions precedent:

 

		(a)	Sellers shall have executed and delivered to HSBC a Bill of Sale (the “Bill of Sale”)
covering and describing the Precious Metal Inventory in a form acceptable to HSBC.

 

    

     

    

 

		(b)	The representations and warranties of Sellers set forth in Section 4 hereof and in the Bill of Sale shall
be true and correct on and as of the date hereof and the date of sale of the Precious Metal Inventory to HSBC.

 

4.             Representations
and Warranties. Sellers hereby represent and warrant to HSBC that:

 

		(a)	The Sellers are each duly organized, validly existing and in good standing under the laws of its state
of organization and each Seller has the corporate power to execute and deliver and perform its obligations under this Agreement and the
Bill of Sale. A

 

		(b)	The execution and delivery and performance by Sellers of their obligations under this Agreement and the
Bill of Sale have been duly authorized by all requisite corporate action.

 

		(c)	Sellers are the lawful owner of, and have absolute title to, the Precious Metal Inventory free and clear
of all claims, liens, security interests, encumbrances and all other defects of title or of any kind whatsoever except in favor of The
Bank of Nova Scotia.

 

		(d)	Sellers have the right, power and authority to sell the Precious Metal Inventory and have not made or
contracted to make any prior sale, assignment or transfer of any item of Precious Metal Inventory to any person, firm or corporation.

 

5.             Consignment of the Precious Metal Inventory. The parties hereto intend that, contemporaneously with the execution and delivery
of the Bill of Sale, HSBC shall consign the Precious Metal to the Sellers AS IS AND WHERE IS pursuant to the terms of a certain Consignment
Agreement dated as of the date hereof between the Sellers and HSBC.

 

6.             Governing
Law. This Agreement shall be governed by and shall be construed in accordance with the laws of the State of New York.

 

*The next page is a signature page*

 

    - 2 -

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this instrument to be executed by their duly authorized officers as of the date first above written.

 

	WITNESS:	 	QUALITY GOLD, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Title:	CEO
	 	 	 
	 	 	MTM, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Title:	Vice President
	 	 	 
	 	 	HSBC BANK USA, NATIONAL ASSOCIATION
	 	 	 
	 	 	By:	/s/ A. Marinaro
	 	 	Title:	 V.P.

 

[Signature page to Purchase and Sale Agreement]Exhibit 10.19

 

BILL OF SALE

 

KNOW ALL MEN BY THESE PRESENTS:

 

THAT QUALITY GOLD, INC.,
an Ohio corporation (“Quality Gold”) and MTM, INC., a Delaware corporation (“MTM”) (Quality
Gold and MTM are hereinafter sometimes collectively referred to herein as the “Sellers” and, singly, as the “Seller”),
in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged,
does hereby grant, bargain, sell, assign and convey to HSBC BANK USA, NATIONAL ASSOCIATION, a bank organized under the laws of
the United States (the “Buyer”), the following described property, to wit:

 

	45,041.131	fine troy ounces of gold
	86,224.776	fine troy ounces of silver
	0	fine troy ounces of platinum
	0	fine troy ounces of palladium

 

TO HAVE AND TO HOLD, all and
singular the said property to the Buyer, its successors and assigns, to their own use forever.

 

Sellers hereby covenant and
warrant that: (a)the Sellers are the lawful owner of, and have absolute title to, said property free and clear of all claims, liens, encumbrances
and all other defects of title of any kind whatsoever except as set forth in the Purchase and Sale Agreement between the Buyer and the
Sellers dated the date hereof; (b) the Sellers have the right, power and authority to sell the same and have not made, or contracted to
make, any prior sale, assignment, or transfer of any item of said property to any person, firm or corporation; (c) all acts, proceedings
and things necessary and required by law and the articles of incorporation or organization, by-laws and operating agreement of Sellers
to make this Bill of Sale a valid, binding and legal obligation of Sellers have been done, taken and have happened; and the execution
and delivery hereof have in all respects been duly authorized in accordance with law, and said articles of incorporation or organization,
by-laws and operating agreement; (d) the Sellers shall forever warrant and defend the sale, assignment, transfer, conveyance and delivery
of each item of said property to Buyer, its successors and assigns, against the claims and demands of all persons; (e) the Sellers shall,
whenever and as often as requested to do so by Buyer, do, execute, acknowledge and deliver any and all such other reasonable acts, assignments,
or instruments as may be required by law or requested by Buyer to establish, maintain and protect Buyer’s rights, title and interest
in and to said property; and (f) the gold, platinum and palladium hereby conveyed has a minimum degree of fineness of 99.5% and the silver
hereby conveyed has a minimum degree of fineness of 99.90%.

 

This Bill of Sale is binding
upon Sellers’ successors and assigns and inures to the benefit of the Buyer’s successors and assigns.

 

    

     

    

 

IN WITNESS WHEREOF, the Sellers
have caused this Bill of Sale to be executed by its duly authorized officer this 20th day of December, 2018.

 

	WITNESS:	 	QUALITY GOLD, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Title:	CEO

 

	 	 	MTM, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Title:	Vice President

 

[Signature Page to Bill of Sale]Exhibit 10.20

 

GUARANTY AGREEMENT

 

THIS GUARANTY AGREEMENT,
dated as of December 20, 2018 by GOLD LIMITED LIABILITY COMPANY, a California limited liability company; GOLD/GOLD/GOLD, INC.,
a California corporation; LOGOART LLC, a Kentucky limited liability company; QGM, LLC, an Ohio limited liability company;
QG REFINING, LLC, an Ohio limited liability company; J & M GROUP HOLDINGS, INC., a Delaware corporation, and J &
M GROUP HOLDINGS ITALY, LLC, an Ohio corporation (together, the “Guarantors”) in favor of HSBC BANK USA, NATIONAL
ASSOCIATION, a bank organized under the laws of the United States with offices located at 452 Fifth Avenue, New York, New York 10018
(the “Lender”).

 

WITNESSETH:

 

Background. Pursuant
to that certain Consignment Agreement dated as of the date hereof between QUALITY GOLD, INC., an Ohio corporation with a place
of bigness at 500 Quality Boulevard, Fairfield, Ohio 45014 (“Quality Gold”) and MTM, INC., a Delaware corporation
with a place of business at 500 Quality Boulevard, Fairfield, Ohio 45014 (“MTM”) (Quality Gold and MTM are hereinafter
sometimes collectively referred to, “singly, as a “Borrower” and, together, as the “Borrowers”),
and the Lender, as amended from time to time (as amended, the “Consignment Agreement”), the Lender has agreed to extend
certain credit facilities to the Borrowers. The Guarantors are affiliates of the Borrowers through common ownership, and the financing
of the Borrowers by the Lender will result in a financial benefit to the Guarantors. In order to induce the Lender to extend the credit
facilities to the Borrowers pursuant to the Consignment Agreement, the Guarantors have agreed to guaranty the payment and performance
of the obligations, indebtedness and liabilities of the Borrowers to the Lender on the terms and conditions, and subject to the limitations,
hereinafter set forth.

 

NOW, THEREFORE, in consideration the foregoing
and intending to be legally bound hereby, the Guarantors hereby agree as follows:

 

1.             In
consideration of any and all loans, advances, acceptances, consignments of precious metal, discounts and extensions of credit made by
the Lender to, for the account of, or on behalf of the Borrowers, and as an inducement for the Lender to make future loans, consignments,
advances, acceptances, discounts and extensions of credit to, for the account of, or on behalf of the Borrowers, the Guarantors hereby
absolutely and unconditionally, jointly and severally, guaranty to the Lender the punctual payment in full of the principal, interest
and all other sums and amounts due and to become due from the Borrowers to the Lender at any time and from time to time from the date
hereof until termination of the liability of the Guarantors hereunder to the extent hereinafter provided, on account of any and all obligations,
indebtedness and liabilities of the Borrowers to the Lender, whether now existing or hereafter incurred, whether direct, indirect or
contingent, whether otherwise guaranteed or secured, and whether on open account or evidenced by a note, draft, check or other agreement,
instrument or document (all of which obligations, indebtedness and liabilities are hereinafter referred to individually as an “Obligation”
and collectively as the “Obligations”), including, without limitation, all obligations, indebtedness and liabilities
evidenced by or incurred pursuant to the Consignment Agreement (collectively, the “Financing Agreements”).

 

    

     

    

 

2.            All
capitalized terms used herein without definition shall have the meanings assigned by the Consignment Agreement.

 

3.             The
Guarantors hereby expressly waive the following: notice of the incurring of indebtedness by the Borrowers; presentment and demand for
payment, protest, notice of protest and notice of dishonor or non-payment of any instrument evidencing Obligations of the Borrowers;
any right to require suit against the Borrowers or any other party before enforcing this Guaranty Agreement; any right to have security
applied before enforcing this Guaranty Agreement; notice of acceptance of this Guaranty Agreement; notice of any default hereunder or
under any agreement evidencing any of the Obligations; all other notices and demands otherwise required by law which the Guarantors may
lawfully waive; and any right of subrogation to the Lender’s rights against the Borrowers until the Borrowers’ Obligations
are paid in full. The Guarantors hereby expressly agree that the Lender may, in its sole and absolute discretion, without notice to or
further assent of the Guarantors, and without in any way releasing, affecting or impairing the obligations and liabilities of the Guarantors
hereunder: (a) waive compliance with, or any default under, or grant any other indulgences with respect to, any of the Obligations or
any agreement or instrument securing any of the Obligations; (b) modify, amend or change any provisions of any of the Obligations; (c)
grant extensions or renewals of or with respect to any of the Obligations, and/or effect any release, compromise or settlement in connection
therewith; (d) agree to the substitution, exchange, release or other disposition of all or any part of the collateral at any time securing
any Obligation; (e) make advances for the purposes of performing any term or covenant contained in any agreement evidencing any of the
Obligations or any instrument or agreement securing the Obligations, with respect to which the Borrowers shall be in default; (f) assign
or otherwise transfer any agreement evidencing any of the Obligations and any instrument or agreement securing the Obligations, including
without limitation, this Guaranty Agreement, or any interest therein; and (g) deal in all respects with the Borrowers as if this Guaranty
Agreement were not in effect. The obligations of the Guarantors under this Guaranty Agreement shall be unconditional, irrespective of
the genuineness, validity, regularity or enforceability of any agreement evidencing any of the Obligations or any other circumstances
which might otherwise constitute a legal or equitable discharge of a surety or guarantor.

 

4.            The
liability of the Guarantors under this Guaranty Agreement shall be primary, joint and several, direct and immediate and not conditional
or contingent upon pursuit by the Lender of any remedies they may lave against the Borrowers or any other party with respect to the Obligations
or any instrument or agreement securing the Obligations, whether pursuant to the terms thereof or otherwise. No exercise or nonexercise
by the Lender of any right given to it hereunder or under any agreement evidencing any of the Obligations or any instrument or agreement
securing any of the Obligations, and no change, impairment or suspension of any right or remedy of the Lender shall in any way affect
any of the Guarantors’ obligations hereunder or give the Guarantors any recourse against the Lender. Without limiting the generality
of the foregoing, the Lender shall not be required to make any demand on the Borrowers and/or any other party, or otherwise pursue or
exhaust its remedies against the Borrowers or any other party, before, simultaneously with or after, enforcing its rights and remedies
hereunder against the Guarantors or any of them. Any one or more successive and/or concurrent actions may be brought hereon against any
of the Guarantors either in the same action, if any, brought against the Borrowers and/or any other party, or in separate actions, as
often as any holder of an Obligation, in its sole discretion, may deem advisable. Any action brought on this Guaranty Agreement with
respect to one or more Obligations shall not prevent the commencement of subsequent or separate actions with respect to any other Obligations.

 

    -2-

     

    

 

5.            As
a material inducement to the Lender, the Guarantors hereby represent and warrant to the Lender (which representations and warranties
shall survive the execution of this Guaranty Agreement) that:

 

(a)              
Each Guarantor (i)is duly organized, validly existing and in good standing under the laws of its state of organization or formation,
(ii) has the requisite corporate or limited liability company power and authority to own its properties and to carry on business as now
being conducted, and holds all material permits, authorizations and licenses, without material restrictions or limitations, which are
necessary for such ownership or business activity, (iii) is qualified to do business in every jurisdiction where such qualification is
necessary except where the failure to so qualify does not have a material adverse effect on the business or operations of the Guarantor
taken as a whole, and (iv) has the requisite corporate or limited liability company power to execute, deliver and perform this Guaranty
Agreement. No Guarantor has any reason to believe that any such material permits, authorizations or licenses will be revoked, canceled,
rescinded, modified or lost.

 

(b)              
The execution, delivery and performance by the Guarantors of the terms and provisions of this Guaranty Agreement have been duly
authorized by all requisite corporate or limited liability company action and will not violate any provision of law, any order of any
court or other agency of government, the articles of incorporation or association or by-laws or operating agreement of the Guarantors
or any indenture, agreement or other instrument to which any of the Guarantors is a party, or by which any of the Guarantors is bound,
or be in conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under, or, except as
may be provided by this Guaranty Agreement, result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever
upon any of the property or assets of the Guarantors pursuant to, any such indenture, agreement or other instrument.

 

(c)              
There is no action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency now
pending or, to the knowledge of the Guarantors, threatened, against or affecting the Guarantors which, if adversely determined, would
have a material adverse effect on the business, operations, properties, assets or condition, financial or otherwise, of the Guarantors.

 

(d)              
No Guarantor is party to any agreement or instrument or subject to any charter or other corporate restriction adversely affecting
its business, properties or assets, operations or conditions, financial or otherwise.

 

(e)              
The Guarantors are not in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions
contained in any agreement or instrument to which it is a party which has not been disclosed to the Lender in writing.

 

    -3-

     

    

 

(f)               
The Guarantors have good title to all of their properties and assets, free and clear of all mortgages, security interests, restrictions,
liens and encumbrances of any kind, except for Permitted Liens.

 

(g)              
To the best of the Guarantors’ knowledge, no statement of fact made by or on behalf of the Guarantors in this Guaranty Agreement
or in any certificate or schedule furnished to the Lender pursuant hereto, contains any untrue statement of a material fact or omits
to state any material fact necessary to make statements contained therein or herein not misleading. There is no fact presently known
to the Guarantors specific to the Guarantors’ business or their assets or operations which has not been disclosed to the Lender
which materially affects adversely, nor as far as the Guarantors can reasonably foresee, will materially affect adversely the property,
business, operations or condition (financial or otherwise) of the Guarantors provided however that this representation does not apply
to any facts relating to or arising from (i) changes in GAAP generally applicable to companies engaged in a business which is the same
or similar to the Guarantors’ business, or (ii) changes in laws applicable to companies engaged in the same or similar business
as the Guarantors’ business.

 

(h)              
The Guarantors have filed or has obtained extensions to file all federal, state and local tax returns required to be filed and
has paid or made adequate provision for the payment of all federal, state and local taxes, charges and assessments.

 

(i)                
This Guaranty Agreement and all other agreements executed by the Guarantors in connection herewith have been duly executed and
delivered by the Guarantors and constitute legal, valid and binding obligations of the Guarantors, enforceable in accordance with their
respective terms, subject to bankruptcy, insolvency, reorganization and other similar laws of general application affecting the rights
of creditors generally.

 

(j)                
No Event of Default, and no event which, with the passage of time or the giving of notice, or both, would become such an Event
of Default, has occurred and is continuing.

 

(k)              
The Guarantors are in compliance in all material respects with all federal, state and local statutes relating to the handling,
storage, use or disposal of chemicals and other hazardous substances used in the course of their business.

 

(l)                
To the best of the Guarantors’ knowledge, the Guarantors possess all patents, patent rights and licenses, trademarks, tradenames
and copyrights which are required to conduct its business without conflict with the rights of others.

 

(m)            
The Guarantors do not intend to, or believe that they will, incur debts beyond their ability to pay such debts as they mature,
taking into account the timing of and amounts of cash to be received by the Guarantors and the timing of and amounts of cash to be payable
on or in respect of Indebtedness of the Guarantors.

 

(n)              
Neither the Guarantors nor any of their Affiliates or any of their respective agents acting or benefiting in any capacity in connection
with the transactions contemplated by this Guaranty Agreement (a) is a person whose property or interest in property is blocked or subject
to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (b) engages in or conspires to engage in any
dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner
violative of Section 2, or (c) is a person on the list of Specially Designated Nationals and Blocked Persons or subject to the limitations
or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order or
any similar international order or regulation.

 

    -4-

     

    

 

(o)              
The Guarantors and the Guarantors’ Affiliates are in compliance, in all material respects, with (i) the Trading with the
Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle
B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And Strengthening
America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds
of the credit facilities extended to the Guarantors will be used, directly or indirectly, for any payments to any governmental official
or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity,
in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices
Act of 1977, as amended.

 

(p)              
The Guarantors and their Affiliates are in compliance in all material respects with all relevant export, re-export and import
laws applicable to the Guarantors and such Affiliates, as the case may be. Neither the Guarantors nor any of their Affiliates have shipped
or provided any item for delivery to, and are not currently providing any services in or to, a country, entity or individual in violation
of any applicable export or re-export laws, including, without limitation, such laws and regulations promulgated or enforced by the United
States Department of Treasury, United States Department of Commerce, or United States Department of State, and are not currently providing
any services, to a country or an individual in violation of any export or re-export laws.

 

(q)              
None of the Guarantors nor any of their Affiliates, nor any director or officer, or any employee, agent, or Affiliate of the Guarantors
or any of their Affiliates is a Person that is, or is owned or controlled by Persons that are, (i) the subject of any sanctions administered
or enforced by the United States Department of the Treasury’s Office of Foreign Assets Control, the United States Department of
State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, the Hong Kong Monetary Authority or other
relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory
that is, or whose government is, the subject of Sanctions, including, without limitation, currently, Cuba, the Crimea region of Ukraine,
Iran, North Korea, Sudan and Syria.

 

(r)               
Neither the Guarantors nor any of their Affiliates, nor to the knowledge of the Guarantors, any director, officer, agent, employee,
Affiliate or other person acting on behalf of the Guarantors or any of their Affiliates is aware of or has taken any action, directly
or indirectly, that would result in a violation by such Persons of any applicable anti-bribery law, including but not limited to, the
United Kingdom Bribery Act 2010 (the “UK Bribery Act”) and the United States Foreign Corrupt Practices Act of 1977
(the “FCPA”). Furthermore, the Guarantors and, to the knowledge of the Guarantors, their Affiliates and Subsidiaries,
have conducted their businesses in compliance with the UK Bribery Act, the FCPA and similar laws, rules or regulations and have instituted
and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance
therewith.

 

    -5-

     

    

 

6.            
From the date hereof and until (a) the Obligations have been paid in full, and (b) the Consignment Facility and the Forward Contract
Facility have been terminated, the Guarantors shall:

 

(a)              
Do or cause to be done all things necessary to preserve, renew and keep in full force and effect their corporate existence, rights,
licenses’, permits and franchises and comply with all laws and regulations applicable to the Guarantors; at all times maintain,
preserve and protect all franchises and trade names and preserve all the remainder of their property used or useful in the conduct of
their business and keep the same in good repair, working order and condition, and from time to time, make, or cause to be made, all needful
and proper repairs, renewals, replacements, betterments and improvements thereto, so that the business carried on in connection therewith
may be properly and advantageously conducted at all times.

 

(b)              
Comply with all applicable laws and regulations, whether now in effect or hereafter enacted or promulgated by any governmental
authority having jurisdiction in the premises.

 

(c)              
Pay and discharge dl cause to be paid and discharged all taxes, assessments and governmental charges or levies imposed upon it
or upon their income and profits or upon any of their property, real, personal or mixed, or upon any part thereof, before the same shall
become in default, as well as all lawful claims for labor, materials and supplies or otherwise, which, if unpaid, might become a lien
or charge upon such properties or any part thereof; provided that the Guarantors shall not be required to pay and discharge or
cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be contested in
good faith by appropriate proceedings and it shall have set aside on their books adequate reserves with respect to any such tax, assessment,
charge, levy or claim, so contested, and provided, further, that payment with respect to any such tax, assessment, charge,
levy or claim shall be made before any of their property shall be seized and sold in satisfaction thereof.

 

(d)              
Unless otherwise explicitly waived by the Lender in writing, furnish to the Lender promptly, from time to time, such information
regarding their operations, assets, business, affairs and financial condition, including, without limitation, accounts receivable reports
and agings as the Lender may reasonably request.

 

(e)              
With respect to environmental matters:

 

(i)                
comply strictly and in all respects with the requirements of all federal, state, and local environmental laws; notify the Lender
promptly in the event of any spill, hazardous waste pollution or contamination affecting the Premises, the removal of which in accordance
with law would involve the expenditure of in excess of Twenty-Five Thousand Dollars ($25,000); forward to the Lender promptly any notices
relating to such matters received from any governmental agency; and pay promptly when due any fine or assessment against the Premises;

 

    -6-

     

    

 

(ii)             
immediately contain and remove any hazardous material if found on the Premises in violation of applicable law, which work must
be done in compliance with applicable laws and at the Guarantors’ reasonable expense; and the Guarantors hereby agree that the
Lender has the right, in its sole discretion but at the Guarantors’ expense, to have an environmental engineer or other representative
review the work being done;

 

(iii)           
promptly upon the request of the Lender, based upon the Lender’s reasonable belief that a hazardous waste or other environmental
problem exists with respect to the Premises in violation of applicable law, provide the Lender with an environmental site assessment
report or an update of any existing report, all in scope, form and content and performed by the Guarantors as may be reasonably satisfactory
to the Lender; and

 

(iv)            
indemnify, defend, and hold the Lender harmless from and against any claim, cost, damage (including, without limitation, consequential
damages), expense (including, without limitation, reasonable attorneys’ fees and expenses), loss, liability, or judgment now or
hereafter arising as a result of any claim for environmental cleanup costs, any resulting damage to the environment and any other environmental
claims against the Guarantors, the Lender, or the Premises. The provisions of this subparagraph (iv) shall continue in effect and shall
survive (among other events) any termination of this Guaranty Agreement, foreclosure, a deed in lieu of foreclosure transaction, payment
and satisfaction of the obligations evidenced hereby or incurred pursuant hereto, and release of any collateral.

 

(f)               
Keep their insurable properties adequately insured at all times, by financially sound and reputable insurers, to such extent and
against such risks, including fire and other risks insured against by extended coverage, and maintain liability and such other insurance
as is customarily maintained by companies engaged in similar businesses. All insurance provided shall be effected under valid and enforceable
policies, in such forms and in such amounts as may from time to time be reasonably required by the Lender, issued by financially sound
and responsible insurance companies which are rated in the current edition of Best’s Key Rating Guide Property - Casualty
as A- or better and which are admitted in the jurisdiction in which the assets are located, or are approved under the applicable states’
surplus lines insurance laws, and all premiums with respect to such insurance shall be paid as and when due. Not less than fifteen (15)
days prior to the expiration dates of insurance policies theretofore furnished pursuant to this Guaranty Agreement, the Guarantors shall
deliver to the Lender copies of all insurance policies (together with Acord Form 27 (2/84) or other similar forms satisfactory to the
Lender) evidencing the insurance coverage required by the Lender. All policies of insurance shall provide for thirty (30) days notification
in advance of any cancellation, non-renewal or material change in policy conditions, including cancellation for non-payment of premium.
All policies of insurance provided for or contemplated by this Guaranty Agreement shall name the Lender as an additional insured and
loss payee, as its interests may appear. All policies of insurance provided for in this Guaranty Agreement shall, to the extent obtainable,
contain clauses or endorsements to the effect that:

 

(i)                
no act or negligence of the Guarantors, or anyone acting for the Guarantors, which might otherwise result in a forfeiture of such
insurance or any part thereof shall in any way affect the validity or enforceability of such insurance insofar as the Lender is concerned;
and

 

    -7-

     

    

 

(ii)             
the Lender shall not be liable for any premiums or subject to any assessments on the policies.

 

Losses under each policy of insurance provided
for or contemplated by this Paragraph shall be adjusted with the insurers and/or underwriters and paid directly to the Lender and the
Guarantors as their interests may appear. The Guarantor; shall pay all costs and expenses of collecting or recovering any insurance proceeds
under such policies, including, but not limited to, any and all fees of attorneys, appraisers and adjusters.

 

(g)              
Neither the Guarantors nor any of their Affiliates will, directly or indirectly, use the proceeds of the Consignment Facility
or the Forward Contract Facility or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner
or other Person, for the purpose of facilitating the activities of any person, or in any country or territory, in violation of the applicable
requirements of the United States Export Administration Regulations, the rules and regulations thereunder and any related or similar
rules, regulations or guidelines, issued, administered or enforced by any Governmental Agency.

 

(h)              
None of the Guarantors nor any of their Affiliates will, directly or indirectly, use the proceeds of the Consignment Facility
or the Forward Contract Facilities or lend, contribute or otherwise make available such proceeds to any Affiliate, joint venture partner
or other Person, (a) to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such
funding, is, or whose government is, the subject of Sanctions, or (b) in any other manner that would result in a violation of Sanctions
by any Person (including any Person participating in the Consignment Facility whether as underwriter, advisor, investor or otherwise).

 

(i)                
No part of the proceeds of the Consignment Facility or the Forward Contract Facility will be used, directly or indirectly, for
any payments that could constitute a violation of any applicable anti-bribery law.

 

7.             Any
notice, demand, request or other communication given hereunder or in connection herewith (hereinafter “Notices”) shall
be deemed sufficient if in writing; and shall be sent by any one of the following: certified mail, return receipt requested; overnight
courier; confirmed telecopier; or by hand and shall be addressed (a) if to the Guarantors, to the Guarantors at the Guarantors’
addresses as set forth herein, and (b) if to the Lender, to the Lender at the Lender’s Address set forth herein. Notices shall
be deemed effective three (3) days after deposit in the mail, if sent by certified mail; the next business day, if sent by overnight
courier; upon confirmation, if sent by confirmed telecopier; upon delivery, if sent by hand. and upon confirmation of receipt, if sent
by electronic mail. Without affecting the effectiveness of a notice sent by telecopier, courtesy copy of any notice sent by telecopier
may be sent by regular mail. The address of any party hereto for such demands, notices and other communications may be changed by giving
notice in writing at any time to the other party hereto.

 

8.             All
payments shall be made by the Guarantors at the office of the Lender herein set forth or such other place as the Lender may from time
to time specify in writing in lawful currency of the United States of America in immediately available funds, without counterclaim or
setoff and free and clear of, and without any deduction or withholding for, any taxes or other payments.

 

    -8-

     

    

 

9.            All
rights and remedies afforded to the Lender by reason of this Guaranty Agreement or by law are separate and cumulative and the exercise
of one shall not in any way limit or prejudice the exercise of any other such rights or remedies. No delay or omission by the Lender
in exercising any such right or remedy shall operate as a waiver thereof. No waiver of any rights or remedies hereunder, and no modification
or amendment hereof, shall be deemed made by the Lender unless in writing and duly executed. Any such written waiver shall apply only
to the particular instance specified therein and shall not impair the further exercise of such right or remedy or of any other right
or remedy of the Lender, and no single or partial exercise of any right or remedy hereunder shall preclude further exercise of any other
right or remedy.

 

10.          The
obligation of the Guarantors to make payment in accordance with the terms of this Guaranty Agreement shall not be impaired, modified,
changed, released or limited in any manner whatsoever by any impairment, modification, change, release or limitation of the liability
of the Borrowers or their estates in bankruptcy or reorganization resulting from the operation of any present or future provision of
Title 11 of the United States Code or other statute or from the decision of any court. The obligations of the Guarantors hereunder shall
survive any judgment, order, or decree subordinating or voiding in whole or in part the obligations of the Borrowers to the Lender and
shall extend to the repayment of any sums recovered from the Lender on any basis (including any provision of Chapter 5 of Title 11, United
States Code) either before or after satisfaction in full by the Borrowers of their obligations to the Lender.

 

11.          In
the event of any breach of any covenants set forth herein, all indebtedness of the Borrowers, regardless of its terms, shall, at the
Lender’s election, be deemed for the purposes of this Guaranty Agreement to have become matured, and at the Lender’s election,
the Guarantors shall promptly pay to the Lender the entire amount of said indebtedness of the Borrowers, and the Lender may take any
action deemed necessary or advisable to enforce this Guaranty Agreement.

 

12.          If
an Event of Default shall occur which shall be continuing, all indebtedness of the Borrowers shall, for the purpose of this Guaranty
Agreement, be deemed at the Lender’s election to have become immediately due and payable.

 

13.          The
Guarantors further agree to pay the Lender any and all costs, expenses and reasonable attorneys’ fees paid or incurred by the Lender
in collecting or endeavoring to enforce this Guaranty Agreement (the “Reimbursable Expenses”). All accounts, deposits,
and property of the Guarantors with or in the hands of the Lender shall be and stand pledged as collateral security for the indebtedness
of the Guarantors, and the Lender shall have the same rights of setoff with respect to deposits and other credits of the Guarantors as
the Lender may have with respect to the deposits and other credits of the Borrowers.

 

14.             
This Guaranty Agreement shall operate as an irrevocable and continuing guaranty of all obligations, liabilities and indebtedness
of the Borrowers incurred under the Financing Agreements. As to Obligations not incurred pursuant to the Financing Agreements, this Guaranty
Agreement shall operate as a continuing guaranty and shall terminate as to the Guarantors only upon written notice signed by the Guarantors
and actually received by the Lender, but such termination shall be effective only as to indebtedness of the Borrowers incurred subsequent
to the receipt of such notice by the Lender, and this Guaranty Agreement shall remain in full force and effect as to all indebtedness
and Obligations of the Borrowers theretofore incurred.

 

    -9-

     

    

 

15.          All
agreements between the Guarantors and the Lender are hereby expressly limited so that in no contingency or event whatsoever, whether
by reason of acceleration of maturity of the indebtedness evidenced hereby or otherwise, shall the amount paid or agreed to be paid to
the Lender for the use or the forbearance of the indebtedness evidenced hereby exceed the maximum permissible under applicable law. As
used herein, the term “applicable law” shall mean the law in effect as of they date hereof; provided, however, that in the
event there is a change in the law which results a higher permissible rate of interest, then this Guaranty Agreement shall be governed
by such new law as of its effective date. In this regard, it is expressly agreed that it is the intent of the Guarantors and the Lender
in the execution, delivery and acceptance of this Guaranty Agreement to contract in strict compliance with the laws of the State of New
York from time to time in effect. If, under or from any circumstances whatsoever, fulfillment of any provision hereof or of any of the
credit documents at the time of performance of such provision shall be due, shall involve transcending the limit of such validity prescribed
by applicable law, then the obligation to be fulfilled shall automatically be reduced to the limits of such validity, and if under or
from circumstances whatsoever the Lender should ever receive as interest an amount which would exceed the highest lawful rate, such amount
which would be excessive interest shall be applied to the reduction of the principal balance evidenced hereby and not to the payment
of interest. This provision shall control every other provision of all agreements between the Guarantors and the Lender.

 

16.          The
Guarantors hereby grant to the Lender, a continuing lien, security interest and right of setoff as security for all liabilities and obligations
to the Lender, whether now existing or hereafter arising, upon and against all deposits, credits, collateral and property, now or hereafter
in the possession, custody, safekeeping or control of the Lender or any entity under the control of the Lender and its successors and
assigns or in transit to any of them. At any time t, without demand or notice (any such notice being expressly waived by the Guarantors),
the Lender may setoff the same or any part thereof and apply the same to any liability or obligation of the Guarantors even though unmatured
and regardless of the adequacy of any other collateral securing this Guaranty Agreement. ANY AND ALL RIGHTS TO REQUIRE LENDER TO EXERCISE
ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THIS GUARANTY AGREEMENT OR THE CONSIGNMENT AGREEMENT, PRIOR
TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE GUARANTORS, ARE HEREBY KNOWINGLY, VOLUNTARILY
AND IRREVOCABLY WAIVED.

 

17.           THE
GUARANTORS AGREE THAT ANY ACTION, DISPUTE, PROCEEDING, CLAIM OR CONTROVERSY BETWEEN THE GUARANTORS AND THE LENDER WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE (“DISPUTE” OR “DISPUTES”) SHALL, AT THE LENDER’S ELECTION, WHICH ELECTION MAY
BE MADE AT ANY TIME PRIOR TO THE COMMENCEMENT OF A JUDICIAL PROCEEDING BY THE LENDER, OR IN THE EVENT OF A JUDICIAL PROCEEDING INSTITUTED
BY THE GUARANTORS AT AN’ TIME PRIOR TO THE LAST DAY TO ANSWER AND/OR RESPOND TO A SUMMONS AND/OR COMPLAINT MADE BY THE GUARANTORS,
BE RESOLVED BY ARBITRATION IN ACCORDANCE WITH THE PROVISIONS OF THIS PARAGRAPH AND SHALL, AT THE ELECTION OF THE LENDER, INCLUDE ALL
DISPUTES ARISING OUT OF OR IN CONNECTION WITH (A) THIS GUARANTY AGREEMENT OR ANY RELATED AGREEMENTS, NOTES OR INSTRUMENTS, (B) ALL PAST,
PRESENT AND FUTURE AGREEMENTS INVOLVING THE GUARANTORS AND THE LENDER, (C) ANY TRANSACTION RELATED TO THIS GUARANTY AGREEMENT AND ALL
PAST, PRESENT AND FUTURE TRANSACTIONS INVOLVING THE GUARANTORS AND THE LENDER, AND (D) ANY ASPECT OF THE PAST, PRESENT OR FUTURE RELATIONSHIP
OF THE GUARANTORS AND THE LENDER. The Lender may elect to require arbitration of any Dispute with the Guarantors without thereby being
required to arbitrate all Disputes between the Lender and the Guarantors. Any such Dispute shall be resolved by binding arbitration in
accordance with Article 75 of the New York Civil Practice Law and Rules and the Commercial Arbitration Rules of the American Arbitration
Association (“AAA”). In the event of any inconsistency between such Rules and these arbitration provisions, these provisions
shall supersede such Rules. All statutes of limitations which would otherwise be applicable shall apply to any arbitration proceeding
under this Paragraph. In any arbitration proceeding subject to this Paragraph, the arbitration panel (the “arbitrator”) is
specifically empowered to decide (by documents only, or with a hearing, at the arbitrator’s sole discretion) pre-hearing motions
which are substantially similar to pre-hearing motions to dismiss and motions for summary adjudication. In any such arbitration proceeding,
the arbitrator shall not have the power or authority to award punitive damages to any party. Judgment upon the award rendered may be
entered in any court having jurisdiction. Whenever an arbitration is required, the parties shall select an arbitrator in the manner provided
in this Paragraph. No provision of, nor the exercise of any rights under, this Paragraph shall limit the right of the Lender (a) to foreclose
against any real or personal property collateral through judicial foreclosure, by the exercise of the power of sale under a deed of trust,
mortgage or other security agreement or instrument, pursuant to applicable provisions of the Uniform Commercial Code, or otherwise herein
pursuant to applicable law, (b) to exercise self-help remedies including but not limited to setoff and repossession, or (c) to request
and obtain from a court having jurisdiction before, during or after the pendency of any arbitration, provisional or ancillary remedies
and relief including but not limited to injunctive or mandatory relief or the appointment of a receiver. The institution and maintenance
of an action or judicial proceeding for, or pursuit of, provisional or ancillary remedies or exercise of self-help remedies shall not
constitute a waiver of the right of the Lender and, even if the Lender is the plaintiff, to submit the Dispute to arbitration if the
Lender would otherwise have such right. Whenever an arbitration is required under this Paragraph, the arbitrator shall be selected, except
as otherwise herein provided, in accordance with the Commercial Arbitration Rules of the AAA. A single arbitrator shall decide any claim
of $100,000 or less and he 5 she shall be an attorney with at least five years’ experience. Where the claim of any party exceeds
$100,000, the Dispute shall be decided by a majority of three arbitrators, at least two of whom shall be attorneys (at least one of whom
shall have not less than five years’ experience representing commercial banks). The arbitrator shall have the power to award recovery
of all costs and fees (including attorneys’ fees, administrative fees, arbitrator’s fees, and court costs) to the prevailing
party. In the event of any Dispute governed by this Paragraph, each of the parties shall, subject to the award of the arbitrator, pay
an equal share of the arbitrator’s fees.

 

    -10-

     

    

 

18.           THE
GUARANTORS AGREE THAT ANY ACTIN, SUIT OR PROCEEDING IN RESPECT OF OR ARISING OUT OF THIS GUARANTY AGREEMENT MAY BE INITIATED AND PROSECUTED
IN THE STATE OR FEDERAL COURTS, AS THE CASE MAY BE, LOCATED IN NEW YORK COUNTY, NEW YORK AND ANY ARBITRATION PROCEEDING PURSUANT HERETO
SHALL BE CONDUCTED IN NEW YORK, NEW YORK. EACH GUARANTOR CONSENTS TO AND SUBMITS TO THE EXERCISE OF JURISDICTION OVER ITS PERSON BY ANY
SUCH COURT HAVING JURISDICTION OVER THE SUBJECT MATTER, WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT ALL
SUCH SERVICE OF PROCESS BE MADE BY CERTIFIED MAIL DIRECTED TO THE GUARANTOR AT ITS ADDRESS SET FORTH HEREIN OR TO ANY OTHER ADDRESS AS
MAY APPEAR IN THE LENDER’S RECORDS AS THE ADDRESS OF THE GUARANTOR. THE GUARANTOR AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION
OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW.

 

19.           THE
GUARANTORS AND THE LENDER MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WANE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY
CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY AGREEMENT OR ANY OTHER CREDIT DOCUMENTS CONTEMPLATED TO
BE EXECUTED IN CONNECTION HEREWITH OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF
ANY PARTY, INCLUDING, WITHOUT LIMITATION, ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS OR ACTIONS OF THE LENDER RELATING TO
THE ADMINISTRATION OF THE CREDIT FACILITY, OR THE ENFORCEMENT OF THIS GUARANTY AGREEMENT OR THE CONSIGNMENT DOCUMENTS, AND AGREE THAT
NEITHER THE GUARANTORS NOR THE LENDER WILL SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE
OR HAS NOT BEEN WAIVED. EXCEPT AS PROHIBITED BY LAW, THE GUARANTORS HEREBY WAIVE ANY RIGHT GUARANTORS MAY HAVE TO CLAIM OR RECOVER IN
ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO ACTUAL DAMAGES.
THE GUARANTORS CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE LENDER
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR LENDER
TO ACCEPT THIS GUARANTY AGREEMENT AND TO EXTEND THE CREDIT FACILITIES TO THE BORROWERS.

 

20.            Neither
this Guaranty Agreement nor any provision hereof may be changed, waived, discharged or terminated orally but by a statement in writing
signed by the party against which enforcement of the change, waiver, discharge or termination is sought.

 

21.            This
Guaranty Agreement shall be construed in accordance with and governed by the laws of the State of New York (excluding the laws applicable
to conflicts or choice of law). If any provision of this Guaranty Agreement is held to be illegal or unenforceable for any reason whatsoever,
such illegality or unenforceability shall not affect the validity of any other provision hereof.

 

    -11-

     

    

 

22.           This
Guaranty Agreement shall be binding upon the Guarantors and the Guarantors’ heirs, executors, successors and assigns, and shall
inure to the benefit of Lender and its successors and assigns. The terms “Guarantors” and “Borrowers” and any
pronouns referring thereto as used herein shall be construed in the masculine, feminine, neuter, singular or plural as the context may
require.

 

23.           The
Lender shall not be required to make any demand on the Borrowers or to exhaust its remedies against the Borrowers before, concurrently
with or after enforcing its rights hereunder against the Guarantors. Any number of separate, successive or concurrent actions may be
brought against the Borrowers or the Guarantors as the Lender may determine in its sole discretion.

 

*The next page is a signature page*

 

    -12-

     

    

 

IN WITNESS WHEREOF, this Guaranty Agreement has
been executed and delivered to the Lender by the duly authorized officers of the undersigned Guarantors as of the date first above written.

 

	WITNESS	 	GOLD LIMITED LIABILITY COMPANY
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	CFO

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd. 
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	513-642-2452

 

[Signature Page to Guaranty
Agreement]

 

    

     

    

 

	 	 	GOLD/GOLD/GOLD, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	CFO

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd.
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:  	513-642-2452

 

[Signature Page to Guaranty Agreement]

 

    

     

    

 

	 	 	LOGOART LLC

 

	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	President

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd.
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	513-642-2452

 

[Signature Page to Guaranty Agreement]

 

    

     

    

 

	 	 	QGM, LLC
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	Manager

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd. 
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	513-642-2452

 

[Signature Page to Guaranty Agreement]

 

    

     

    

 

	 	 	QG REFINING, LLC
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	President

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd. 
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	 513-642-2452

 

[Signature Page to Guaranty Agreement]

 

    

     

    

 

	 	 	J&M GROUP HOLDINGS, INC.
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	President

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd. 
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	513-642-2452

 

[Signature Page to Guaranty Agreement]

 

    

     

    

 

	 	 	J&M GROUP HOLDINGS ITALY, LLC
	 	 	 
	/s/ Dennis Horn	 	By:	/s/ Michael Langhammer
	 	 	Name:	Michael Langhammer
	 	 	Title:	President

 

	 	 	Address for notices:
	 	 	 
	 	 	500 Quality Blvd. 
	 	 	Fairfield Ohio 45014
	 	 	 
	 	 	Facsimile:	513-642-2452

 

[Signature Page to Guaranty Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]