Document:

Exhibit
10.2

 

		3/22/17 Version

 

Motor
Transportation Contract - Broker to Co-Broker

 

Ruan
Transport Corporation

 

This
Agreement between Leeway Global Logistics organized under the laws of UTAH and operating under DOT Number 2232366
and Motor Carrier Number 488571, here after referred to as “Co-Broker”, and Ruan Transport Corporation,
organized under the laws of Iowa, hereafter referred to as “Broker," or collectively referred to as "Parties,”
is entered into for the purpose of specifying the terms and conditions under which Broker will
engage Co-Broker to perform motor contract carriage and related services for Shipper, hereafter referred to as "Services",
and under which Co-Broker will render those Services. This Agreement shall be effective on 11/15/17 (the "Effective
Date")

 

Co-Broker
acknowledges and agrees that a Shipper may utilize Broker as its designee to arrange for the transportation of freight, except
as expressly qualified elsewhere in this Agreement. Co-Broker acknowledges and agrees that Broker may exercise Shipper's rights
and remedies under this Agreement for the benefit of Shipper and that Broker shall be entitled to the same indemnities from Co-Broker
as the Agreement provides to Shipper. All references
in this Agreement to “Shipper” shall include the Broker as Shipper’s representative as necessary to effect the
intent of this Agreement.

 

Terms
and Conditions

 

1. LEGAL
STATUS OF PARTIES AND SERVICES

 

1.1 Representations.
Co-Broker represents and warrants that it is duly registered with FMCSA as a for-hire broker of transportation services for the
carriage of property in interstate and
foreign commerce pursuant to 49 U.S.C. §13904 and will provide lawful and responsible Services to Shipper under contract.
Broker represents and warrants that it has contracted with
Shipper to operate as a broker of property and arrange for the
transportation of Shipper’s products, is duly registered with FMCSA as a property transportation broker pursuant to
49 U.S.C. § 13904. If such registration is no longer required in the future, Broker represents and warrants that it meets
the definition of “broker" found at 49 U.S.C. §13102(2) and shall function accordingly.

 

The
parties shall render all Services in a competent and professional manner, and in accordance with all applicable federal and state
laws and regulations of the jurisdiction(s) within which the
Services are rendered.

 

1.2 Contract
Carriage. All Services performed by Co-Broker pursuant to this Agreement shall be as a transportation broker in United States
interstate or foreign commerce and shall be arranged with third party carriers as contract carriage within the meaning of 49 U.S.C.
§§ 13102(4)(B) and 14101(b). In connection with contract carriage Services, the Parties hereby expressly waive all provisions
of Chapters 137 and 147 and any other
provisions of Subtitle IV, Part B of Title 49, United States Code, to the extent that
such provisions are in conflict
with express provisions of this Agreement. The Parties do not, however, waive the provisions of that subtitle relating to registration,
insurance, or safety fitness.

 

1.3 Relationship
of Parties. The relationship of the Parties to each other is that of an independent contractor. By this Agreement the Parties
do not intend to provide for division of profits between Co-Broker, Broker and/or Shipper, or to clothe Broker and/or Shipper with
joint control over Co-Broker’s performance of the Services, or
otherwise to create a de facto or de jure joint venture, joint enterprise or partnership between Co-Broker, Broker and/or
Shipper. Under no circumstances shall employees or agents of Co-Broker be deemed employees or agents of Broker or Shipper, nor
shall Broker or Shipper be liable for any wages, fees, payroll taxes, assessments or other expenses relating to employees
or agents of Co-Broker. Co-Broker further
agrees to furnish, at its expense, through subcontracted carriers, suitable trucks, trailers, and manpower to transport the commodities
tendered and to assume all costs, expenses, and liabilities incident to or arising out of
maintenance, repair, or operation of equipment, as well as labor, fuel, insurance, and for accidents and agrees . to hold
harmless Broker, Shipper and its customers from any and all costs, expenses, and liabilities.

 

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1.4
Maintenance of Statutory Compliance. Co-Broker represents and warrants that it will select carriers that are in compliance
with all legal and regulatory requirements of the United States Department of Transportation (USDOT), to include but not be limited
to:

 

		a)	safety rating and related scores, operating authority, and/or any other legal or regulatory requirement
implemented by the USDOT or other governmental agency;

 

		b)	security regulations;

 

		c)	owner/operator lease regulations;

 

		d)	loading and securement of freight regulations;

 

		e)	implementation and maintenance of driver safety regulations including, but not limited to, hiring,
controlled substances, and hours of service regulations;

 

		f)	implementation and maintenance of equipment safety regulations;

 

		g)	maintenance and control of the means and method of transportation including, but not limited to,
performance of its drivers.

 

Additionally,
Co-Broker represents and warrants that it will notify Broker immediately if its Federal Operating Authority is revoked, suspended,
or rendered inactive in any way and for any reason. Co-Broker represents and warrants that it will notify Broker promptly if it
is sold or there is a change in control of more than 50% of its ownership. Co-Broker represents and warrants that it will notify
Broker promptly if Co-Broker's safety rating becomes less than Satisfactory, or if any insurance as required in this Agreement
is in danger of being or becomes terminated, revoked, cancelled, or suspended for any reason.

 

2. SCOPE
OF SERVICES

 

2.1
Territories and Commodities. The geographic and commodity scope of the Services shall be as agreed upon by the Parties and
amended from time to time, though under no circumstances, however, shall Co-Broker render Services beyond the
scope of its FMCSA registration (as it may be amended from time to time) unless the Services are exempt from legal requirements
for such registration or authority.

 

2.2 Co-Brokerage
and/or Subcontracting. Co-Brokering and/or Subcontracting will not affect Co-Broker's liabilities to Shipper under this Agreement.
As between Shipper and Co-Broker, all costs of rendering the Services (including compensation of subcontractors as well as payment
of all taxes or other governmental assessments imposed on Co-Broker) shall be born solely and exclusively by Co-Broker, including
without limitation any liability to Shipper for any loss of or damage to cargo shipped by Shipper.

 

2.3 Coercion.
Broker shall not ask or in any way pressure Co-Broker to violate any federal, state or other applicable law with regards to the
performance of the Services.

 

2.4 Non-Exclusivity
of Services. Neither Party intends to give the other Party any exclusive rights or privileges under this Agreement. Except
as otherwise stated in this Agreement, either party may contract with or otherwise provide service to any other motor carrier,
broker, other intermediary or shipper. However, any attempt by Co-Broker to solicit the provision of service from shippers or consignees
of the Broker whom the Co-Broker first contacted through service to the Broker, commonly known as 'back solicitation,' is strictly
prohibited by Article 11 of this Agreement.

 

3. RATES,
CHARGES, TERMS AND CONDITIONS FOR SERVICES

 

3.1 Rates
and Charges. Co-Broker shall be entitled to the rates and charges set forth in the Ruan Rate Confirmation, hereafter referred
to as the “Shipment Confirmation,” as its sole and exclusive compensation for rendering the Services (including any
Services subcontracted to third parties or performed in a capacity other than as a motor carrier, with or without the notices and
consents required under Sections 2.2). No shipment tendered by Shipper to Co-Broker within the geographic and commodity scope of
this Agreement shall be subject to rates or charges set forth in any tariff or rate schedule maintained by Co-Broker, unless those
rates and charges are specifically set forth and approved in the Shipment Confirmation, or Customer-Specific Addenda. Rates and
charges set forth in the Shipment Confirmation on the effective date shall not be changed except by following the amendment procedures
set forth in Article 12.3.

 

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3.2 Invoicing
and Payment. Invoicing procedures shall be as specifically set forth in
the Shipment Confirmation.

 

		a)	It shall
be Co-Broker's responsibility to invoice Broker for the freight charges owing to Co-Broker.

 

		b)	All undisputed payments shall be made within thirty (30) day of receipt of appropriate documentation.
In the event Broker or Shipper dispute any portion of any invoice, Broker shall pay the undisputed portion of the invoice in accordance
with this Section 3.2(b), pending resolution of the dispute pursuant to
Section 3.3 hereof. Payments made to Co-Broker shall not be considered evidence of Shipper’s acceptance of satisfactory
performance of the Services nor shall they relieve Co-Broker from its obligation to perform the Services in
accordance with this Agreement.

 

		c)	It shall be Co-Broker's responsibility to remit a list of freight charges owed to Co-Broker, as
well as signed Bills of Lading, within
seven days of the date of delivery

 

		d)	Broker and Co-Broker agree that Broker is the primary party responsible for payment of Co-Broker’s
charges. Failure of Broker to collect payment from Shipper shall not exonerate Broker of its obligation to pay Co-Broker. Broker
agrees to pay Co-Broker’s undisputed invoice within thirty (30) days of receipt of the bill of lading or proof of delivery,
provided that Co-Broker is not in default under the terms of this Agreement. Co-Broker shall not seek payment from Shipper or any
other party responsible for payment if Shipper or other party can prove payment to Broker,

 

3.3 Pricing
Disputes. If Co-Broker alleges underpayment of applicable freight rates and charges by Broker, or if Broker alleges overcharges,
over-collection or receipt of duplicate payments by Co-Broker, notice of such claims must be given, in writing, by the aggrieved
Party to the other Party within one hundred eighty (180) days after delivery or the first attempted delivery of the involved shipment(s)
by Co-Broker. The Party receiving any such claim shall process it in accordance with the provisions codified at 49 C.F.R. Part
378 as of the Effective Date. The parties shall make a good faith effort to resolve, prior to resorting to any civil action or
arbitration proceeding, any dispute hereunder. Any civil action or arbitration proceeding with respect to such a claim shall be
filed within eighteen (18) months after delivery or the first attempted delivery of the involved shipment(s) by Co-Broker.

 

3.4 Customs
and Security Requirements.

 

		a)	Co-Broker shall be responsible for ensuring compliance with those customs and security laws that
are applicable to motor carriers transporting goods either domestically in the United States or for import or export from or to
the United States.

 

		b)	Shipper shall be responsible for ensuring that it and the consignee of any freight tendered to
motor carrier under this Agreement have complied with all customs and security laws of the United States and other country, as
applicable, with respect to motor carrier transportation of goods either domestically in the United States or for import or export
from or to the United States, including the preparation of all documents and the payment of all applicable fees required by any
government agency.

 

4. FREIGHT
DOCUMENTATION

 

The
terms of this Agreement and any addenda thereto shall apply to all shipments tendered to Co-Broker within the scope of Article
2.1, and shall take precedence over any conflicting terms contained in any bill of lading, receipt or other transportation document
(Shipment Document) issued for all shipments tendered by the Parties within the scope of the Services. Any Shipment Document used
by the parties shall only be used for the purpose of documenting pick-up and delivery of freight. Except as otherwise permitted
by Customer- Specific Addenda, the Shipment Document shall show Broker as the bill-to party for freight charges, shall not show
Broker as the shipper, consignee or motor carrier, and shall identify the carrier.

 

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5. INSURANCE;
BROKER BOND

 

5.1 Broker's
Requirement. Broker shall at all times maintain a surety bond/trust in an amount no less than seventy-five thousand (75,000)
U.S Dollars. The form and terms of the bond shall be consistent with the provisions of FMCSA Form BMC 34 as that form was in effect
on October 1, 2013.

 

5.2 Co-Broker’s
Requirement. Co-Broker shall require each carrier to maintain 'any auto' liability insurance in an amount of not less
than one million (1,000,000) U.S. Dollars per occurrence, commercial general liability insurance in an amount of not less
than one million (1,000,000) U.S. Dollars per occurrence, cargo liability insurance, that also provides coverage for cargo
loss due to failed refrigeration in the event the commodity requires use of temperature regulated equipment, in an amount of not
less than one hundred thousand (100,000) U.S. Dollars per occurrence, and providing for a higher amount of cargo coverage when
and as required under any separate customer-specific Rules of Engagement, and Workers Compensation insurance in accordance with
the statutory requirements of the state in which the carrier operates under the requirements thereof. The required insurance shall
cover the entire geographic scope in which the carrier will operate under this Agreement and, as applicable, be “Broad Form."
Carriers maintaining 'scheduled auto’ liability insurance shall be required to certify, in writing, the tractor and trailer
numbers being utilized for the extant shipment. Co- Broker agrees to assume full liability for loss or damage for ail goods while
under the care, custody, and control of carrier, and shall upon demand pay Shipper for such goods as are lost, damaged, or destroyed
during such time.

 

5.3 Evidence
of Insurance Coverage. Upon either Party's request, the non-requesting Party shall furnish the requesting Party with certificates
from the insurers or trustee evidencing such coverage and providing for not less than thirty (30) days’ advance written notice
of cancellation or non-renewal of coverage or trust, or
shall cause the insurers or trustee to name the requesting Party as an additional insured or beneficiary on the ‘any
auto' and general liability policies. Neither Party waives any right to subrogation that it or its insurers may have arising out
of service provided pursuant to this Agreement.

 

6. CARGO
LIABILITY

 

6.1 General
Provisions. Co-Broker will be liable to Shipper for loss or damage to cargo occurring while it is in its, or it's carrier's
possession, including rail intermodal, except to the extent such loss or damage is caused by
an Event of Force Majeure (as defined herein). Co-Broker's possession of cargo under this Agreement shall begin when carrier
has executed the Shipment Documents for such cargo and shall terminate upon the lading being tendered for delivery as set forth
in such Shipment Documents, The value of loss or damage to shipments will be based upon the Shipper's replacement cost of the goods
lost or damaged, as supported by Shipper's invoice documentation. All product loss or damage claims shall be filed in writing by
Shipper or Broker within nine (9) months after the date of delivery of the subject shipment. Claims shall be in writing, and shall
indicate the specific amount of compensation requested, and accompanied by signed bills of lading, paid invoices, itemization,
description, dollar amount requested, and other relevant supporting documentation. Each product claim shall identify the reason
for the claim and the means of identifying the loss. Co-Broker agrees to acknowledge all product loss or damage claims within thirty
(30) days of receipt of such claim.

 

6.2 Sealed
Trailers. If Shipper loads and seals a trailer or semi-trailer tendered to Co-Broker and does not allow a representative of
Co-Broker to inspect and count the cargo during the loading process, Co-Broker shall be absolved of any liability for shortages
or damage upon delivery of the trailer or semi-trailer with the seal intact, except to the extent proximately caused by an independent
action of Co-Broker. Co-Broker shall be similarly absolved if the seal was broken only at the direction and under the supervision
of an agent for the Bureau of Customs
and Border Protection or other governmental authority and Co-Broker applies another seal to the trailer under the observation of
said Customs and Border Protection agent and notes the new sea! number on the uniform receipt or other shipping document so long
as Co-Broker, its operator or other representative have taken all reasonable steps to secure the count, safety and integrity of
the lading.

 

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		3/22/17 Version

 

6.3 Shipper's
Load and Count. If Shipper pre-loads trailers or semi-trailers and a representative of Co-Broker is not present to verify cargo
count or stowage adequacy during the loading process, the load shall be considered as moving on a “shipper’s load and
count" basis regardless of whether it is sealed or whether “SL&C" or a similar notation appears on the Uniform
Receipt

 

6.4 Carmack
Amendment. Co-Broker shall agree that its liability for cargo loss or damage shall be no less than that of a Common Carrier
as provided for in 49 USC 14706 (the Carmack Amendment). Exclusions in
Co-Broker's insurance coverage shall not exonerate Co-Broker from this liability.

 

7. REFUSED
FREIGHT; SALVAGE AND WAREHOUSE LIABILITY

 

The
provisions of the most current version as of the Effective Date of the National Motor Freight Classification’s Uniform Straight
Bill of Lading governing refused freight, salvage and Co-Broker’s status and liability as a Warehouseman shall be considered
to be incorporated by reference into this Agreement.

 

8. INDEMNIFICATION;
NO CONSEQUENTIAL DAMAGES

 

8.1 Hold
Harmless. Except for loss of or damage to cargo which shall be governed by Article 6, the Parties shall indemnify each other,
and Broker’s Shipper Customer (including all respective employees and agents) and
hold each other harmless from and against all third party claims for personal injury or damage to real or tangible personal
property, and resulting liabilities, losses, damages (including damages to the
environment), fines, penalties, payments, costs and expenses (including reasonable legal fees) to the extent proximately
caused by or resulting from: (a) the negligence or intentional acts of the indemnifying Party, including its employees or agents,
in connection with the performance of this Agreement or the Services; or (b) the indemnifying Party’s or its employees' or
agents' violation of applicable laws or regulations. The previous sentence, however, shall not apply to the extent that such claims,
liabilities, losses, damages, fines, penalties, payments, costs or expenses are proximately caused by or result from the negligence
or intentional acts of the indemnified Party, including its employees or agents. Any indemnified Party under this Section 8.1 shall
promptly tender the defense of any claim to the indemnifying Party.

 

8.2 Joint
and Concurrent Negligence. In the event such claims, liabilities, losses, damages, fines, penalties, payments, costs and expenses
(including reasonable legal fees) are caused by the joint and concurrent negligence of the Parties, or the Parties and a third
party, the indemnity obligations for such claims, liabilities, losses, damages, fines, penalties, payments, costs and expenses
(including reasonable legal fees) shall be borne by each Party in proportion to its degree of fault.

 

8.3 Consequential
Damages Excluded. Except for third party claims subject to Sections 8.1 and 8.2 neither party shall be liable to the other,
and Co-Broker shall not be liable to Shipper for any incidental, indirect or consequential damages, such as, but not limited to,
loss of profits, loss of market, loss of customer goodwill, assembly line shutdowns, or punitive or exemplary damages, regardless
of whether the claim for such damages sounds in contract, tort, breach of warranty, consumer fraud, or otherwise.

 

9. FORCE
MAJEURE; LEGAL RESTRAINT

 

If
either Shipper or Co-Broker is prevented from or delayed in performing any of its obligations under this Agreement by reason of
statutes, regulations or orders of a governmental
entity (including actions taken by a court or by law enforcement officials), or because of war, terrorism, acts of God, labor disturbances,
civil unrest, or any cause beyond the reasonable control of such Party (each, an "Event of Force Majeure"), that Party
shall not be liable to the other Party for damages by reason of any delay or suspension of performance resulting from such Event
of Force Majeure. The Party invoking this
Article, however, shall furnish the other Party with Subsequent Notice of same no more than two business days after the onset of
the Event of Force Majeure, During the Event of Force Majeure, the time for the nonperforming Party’s performance shall be
extended for a period reasonably necessary to overcome the delay so long as the nonperforming Party is, without additional compensation,
exercising commercially reasonable efforts to mitigate or limit the damages to the performing Party and, to the extent feasible,
is continuing to perform its other obligations under this Agreement. When the nonperforming Party is able to resume performance
of its obligations under this Agreement, it shall immediately give the performing Party written notice to that effect and shall
resume performance under this Agreement no later than two business days after such notice is delivered.

 

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		3/22/17 Version

 

10. DISPUTE
RESOLUTION

 

10.1 Agreement
to Dispute Resolution Format. Having entered into this Agreement in good faith, the Parties agree that if a dispute arises
with regard to its application or interpretation,
any and all legal action, mediation, and/or litigation shall be governed by the laws of the State of Iowa, disregarding any choice-of-law
principle under which that State would look to
the laws of another jurisdiction.

 

10.2 Cargo
Claims and Pricing Disputes. If a dispute involves a cargo claim or the pricing of Services, the provisions of Article 10 are
subject to any inconsistent and overriding provision of Article 6 or Section 3 of Article 3, respectively.

 

11. CONFIDENTIALITY;
BACK-SOLICITATION.

 

Except
to the extent required by law, neither Party shall disclose to third parties (other than to freight bill
auditors, prospective capital providers, and outside professionals, if such parties agree to similar confidentiality terms)
either the terms of this Agreement or any confidential or proprietary information either Party learns about the other in the course
of performing Services under this Agreement, including but not limited to software, business methods, customer lists, or the rates,
valuation, origin, destination and consignee identity for any shipment within the scope of the Services. Except upon a material
breach of this Agreement by Shipper, Co-Broker shall refrain from directly soliciting freight business during the term of this
Agreement, or for twelve (12) months thereafter, from any entity which (i) was not solicited by Co-Broker prior to the Effective
Date and (ii) actually tenders at least one (1) shipment to Co-Broker during the term of this Agreement.

 

12. MISCELLANEOUS

 

12.1 Governing
Law. Except to the extent that the application of such laws is prohibited by the provisions of
49 U.S.C. § 14501(c) or other law, this Agreement shall be interpreted in accordance with the laws of the State of
Iowa, disregarding any choice-of-law principle under which that State would look to the laws of
another jurisdiction.

 

12.2 Compliance
with Laws. The Parties shall, at all times, comply with the all applicable federal, state and local laws, rules and regulations
(collectively, "Laws") including, without limitation, the federal state and safety regulations. To the extent this Agreement
or any Services provided hereunder shall conflict with such Laws, this Agreement and the Services provided hereunder shall
be modified to comply with such Laws and the Parties shall not be deemed in breach of this Agreement or suffer any liability
or penalty for compliance with such Laws.

 

12.3 Notices.
Any Notice required or permitted under this Agreement shall be deemed sufficient if sent by prepaid first-class mail, by a nationally
recognized overnight courier, or by facsimile transmission, if such Notice is sent to the address or fax number, and marked to
the attention of the individual noted in the signatory provision of this Agreement or to any other individual designated by the
Party. Notices shall be considered received by the addressee Party on the third business day after mailing, on the first business
day after deposit with an overnight courier, or on the day a facsimile is transmitted if
the sending machine produces written confirmation of a successful transmission. Each Party may change its designated contact,
or update the contact information, by Prior Notice to the other Party in accordance with this Article, and without formal amendment
of this Agreement under Article 12.4.

 

12.4 Entire
Agreement; Amendments. This Agreement represents the entire agreement and understanding of the Parties with regard to its subject
matter. No prior understandings or agreements of the Parties, whether written or oral, nor any documents not specifically incorporated
into this Agreement, nor any course of conduct of the Parties before or after the Effective Date, shall have the effect of modifying
the Parties’ rights and obligations under this Agreement in any way. Except as provided in
Article 12.3 with regard to changes in Designated Contact information and listings, no
amendment to this Agreement shall be valid unless it is set forth in writing, is marked with a unique amendment number,
specifies the articles, sections and/or

 

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		3/22/17 Version

 

Attachments
being amended, specifies an effective date for the amendments, and is signed by Designated Contacts of both Parties. All warranties,
limitations of liability, indemnities and confidentiality rights and obligations provided in this Agreement shall survive the cancellation,
expiration or termination hereof and shall be enforceable by the Parties and their successors and assigns.

 

12.5 Severability.
To the extent that any provision of this Agreement may be held to be invalid or unenforceable by a court of competent jurisdiction,
such provision shall become ineffective as to all matters within the jurisdiction of that court. The court's holding, however,
shall not be treated as affecting the validity or enforceability of any other provision of this Agreement, nor as affecting the
validity or enforceability of any part of this Agreement in other jurisdictions.

 

12.6 Waiver.
Neither the failure of a Party to exercise any right, power or privilege under this Agreement, nor its delay in any such exercise,
shall operate as a waiver of that right, power or privilege. No such waiver shall be binding on either Party unless it
is in writing and signed by a Designated Contact of the Party against which the waiver is asserted. No such waiver on one
occasion shall preclude subsequent full enforcement of a Party’s rights, powers and privileges under this Agreement or at
law or in equity.

 

12.7 Successors
and Assigns. This Agreement shall be binding on, and shall inure to the benefit of, both Parties as well as their respective
successors and permitted assigns. Assignment of this Agreement by either Party requires prior written notice to and Consent by
the other Party. Neither Party shall unreasonably withhold Consent for an assignment by the other Party to an Affiliate of the
assigning Party, provided that the Affiliate first agrees in writing to comply with all terms and conditions of this Agreement.

 

12.8 Term
of Agreement, This Agreement shall remain in full force and effect for a one-year period following the Effective Date, and
thereafter shall be renewed automatically on a year-to-year basis, unless and until terminated as set forth in the next sentence,
Either Party has the right to terminate this Agreement at any time after the initial one-year period, with or without cause, by
providing prior written notice to the other Party at least thirty (30) calendar days in advance of the proposed termination date
(unless a shorter notice period is specified in particular circumstances by particular provisions of this Agreement as amended
from time to time). If any shipment within the scope of
the Services remains in transit on the effective date of a termination of this Agreement, both Parties’ rights and
duties under this Agreement shall remain in effect
with respect to such shipment until it is delivered and all related invoices and claims are satisfied,

 

12.9 Counterparts.
This Agreement may be executed in one or more counterparts, any and all of which shall constitute one and the same instrument.

 

12.10 Captions.
The captions and headings set forth in this Agreement are for convenience only. They shall not be considered a part of this Agreement,
nor affect in any way the meaning of its
terms and conditions.

 

12.11 Primacy
of Contract. Co-Broker shall agree
that the terms and conditions of its contract
with BROKER shall apply on all shipments it handles for BROKER. Any terms in a tariff that are referenced in the carrier contract
which are inconsistent with the contract shall be subordinate to the terms of the contract. Co-Broker shall expressly waive all
rights and remedies under Title 49 USC, Subtitle IV, Part B to the extent they conflict with the contract.

 

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		3/22/17 Version

 

WHEREFORE,
the Parties have executed this instrument as their legally binding agreement as of the. Effective. Date first written above.

 

	Carrier:	 	Ruan Transport Corporation:
	 	 	 
	LeeWay Global Logistics	 	/s/ Paul D. Jenson
	Signature	 	Signature
	 	 	 
	/s/ Shelby Lyman	 	Paul D. Jenson
	Printed Name	 	Printed Name
	 	 	 
	Shelby Lyman	 	Sup-Supply Chain Solutions
	Title	 	Title
	 	 	 
	National Acc Manager	 	2•11•2022
	Date	 	Date
	 	 	 
	11/15/17 – 385-715-7205	 	515-245-5309
	Phone	 	Phone

 

    	Initial 	Page 9Exhibit 10.3

 

SUBORDINATED
PROMISORY NOTE

 

	Principal Amount	Salt Lake City, UT
	$ 500,000.00	November 1, 2018

 

1.          Promise
to Pay. For value received ECOMMERCE FUNDING LLC., a Utah limited liability company “Maker” or “Company”),
promises to pay to the order of SWL INVESTMENTS LP, an Oklahoma limited partnership (“Holder”), at 2150
South 1300 East, Salt Lake City, UT 84106 or at such other address as the holder of this note at any given time may designate by
written notice to Maker, in lawful money of the United States of America, the principal sum of up to FIVE HUNDRED THOUSAND DOLLARS
($500,000.00) (the “Loan”), to be paid in various tranches, together with all accrued and unpaid interest and other
amounts that are Maker’s obligations under this Promissory Note. Principal shall be payable on the Maturity Date. Interest
shall be payable on each Interest Payment Date and the Maturity Date.

 

This Promissory Note
is one in a series of subordinated promissory notes (the “Notes”) issued and to be issued from time to time by Maker
in substantially the same form as this Promissory Note. This Promissory Note and all the Notes are intended to be pari passu with
each other in right of payment, priority, security and subordination.

 

Maker’s obligations
under this Promissory Note and all other present and future Notes are secured by, among other things, that certain Security Agreement
(the “Security Agreement”) dated November 1, 2018 herewith executed by Maker for the benefit of Holder and holders
of all other present and future notes (collectively with Holder, the “Holders”). The indebtedness evidenced by this
Note and the security in the Security Agreement is subordinated in all respects to the prior payment and satisfaction in full of
any Senior Debt of the Company which may exist, from time to time. “Senior Debt” means, unless expressly subordinated
to or made a parity with the amounts due under this Promissory Note, all amounts due in connection with (a) indebtedness of the
Company for borrowed money; (b) obligations of the Company under capital leases and real estate leases; and (c) any other obligations
from time to time specified by the Company as Senior Debt. All obligations of the Company to make payments under this Promissory
Note, including without limitation, payments of principal and interest, shall be subject to compliance with the terms of applicable
covenants under Senior Debt. Upon request by the Company, the Holder shall execute any current or future Senior Debt holder’s
required form of subordination agreement to implement the terms of this subordination. Concurrently herewith, the Holder is executing
and delivering the Intercreditor and Subordination Agreement with a Senior Debt Holder yet to be determined, the Company’s
current primary lender of Senior Debt, substantially in the form of Exhibit A attached hereto (the “Subordination Agreement”)
or a joinder to the Subordination Agreement in substantially the form of Exhibit B attached hereto or as any holder of Senior Debt
shall request (the “Joinder”).

 

2.          Interest
Rate. The principal sum outstanding under this Promissory Note shall bear interest at an interest rate equal to twelve percent
(12%) (the “Interest Rate”) per annum. The books and records of Holder shall be prima facie evidence of all sums owing
to Holder from time to time under this Promissory Note, but the failure to record any such information shall not limit or affect
the obligations of Maker under the Promissory Note. Interest on this Promissory Note is computed on a 365/360 day simple interest
basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal
balance, multiplied by the actual number of days the principal balance is outstanding.

 

    			 

     

    

 

The Holder has elected
to receive or reinvest interest based upon a check on one of the two boxes

below:

 

 ̈            Interest
shall be paid monthly

 

x           Interest
shall be reinvested and added to principal

 

3.            Definitions.
In addition to other terms defined herein, as used herein the following terms shall have the meanings indicated, unless the context
otherwise requires:

 

(a)       “Business
Day” means a day on which national banks are open for the conduct of substantially all of their business in Salt Lake
City, Utah (excluding Saturdays and Sundays).

 

(b)       “Interest
Payment Date” means the first calendar day of each calendar month, commencing with the first calendar month after the
date of this Promissory Note (the “Loan Date”).

 

(c)       “Loan
Documents” means the Promissory Note, the Security Agreement, the Subordination Agreement and all other documents executed
in connection with or evidencing the Loan.

 

(d)       “Maturity
Date” means the date Holder has elected based upon a check in one of the three boxes below:

 

 ̈         one
(1) year after the Loan Date;

 

 ̈         two
(2) years after the Loan Date;

 

or

 

x         four
(4) years after the Loan Date.

 

(e)       “Promissory
Note” means this Promissory Note.

 

(f)       “Required
Majority” means the Holders of a majority of then outstanding principal balance of the Notes.

 

4.            Required
Payments; Maturity Date.

 

(a)       Monthly
Payments. Beginning on the first Interest Payment Date for and continuing on or before the Interest Payment Date of each calendar
month thereafter through the Maturity Date (defined hereafter) of this Promissory Note, Maker shall, pursuant to the instructions
above, either pay or reinvest all interest accrued on the principal balance hereof during the immediately preceding month (or portion
thereof, as the case may be). Whenever any payment under this Promissory Note of any other Loan Document falls due on a Saturday,
a Sunday or another day on which the offices of Holder are not open to conduct its banking business at the place where the Promissory
Note is payable, such payment may be made on the next succeeding day on which the offices of Holder are open for such business.
Holder may, near the end of the month, mail monthly interest statements to Maker on an estimated basis (i.e., assuming no
later principal advances, payments or changes in the interest rate) for interest accrued during any calendar month, and any adjustment
resulting from any later advance, payment or change shall be property reflected in the following month's interest statement.

 

    			 

     

    

 

 

(b)       Maturity
Date. If not earlier due or payable, all unpaid principal, accrued but unpaid interest and other amounts payable under the
provisions of this Promissory Note shall become due and payable in full on the Maturity Date.

 

5.            Collection
Costs. If suit, arbitration or other legal proceeding is instituted or any other action is taken by Holder to collect all or
any part of the indebtedness evidenced hereby, Maker promises to pay Holder’s attorneys’ fees and other costs (to be
determined by the court or arbitrator and not by jury in the case of litigation or arbitration) incurred thereby. Such fees and
costs shall be included in any judgment or arbitration award obtained by Holder, shall be secured by any document securing any
portion of the indebtedness evidenced by this Promissory Note, and shall bear interest at the Default Interest Rate (as defined
below).

 

6.            Optional
Prepayments. Maker shall have the option to prepay this Promissory Note, in part, at any time and from time to time, without
penalty. Maker shall also have the option to prepay, in full, the indebtedness evidenced by this Promissory Note upon the fiving
of not less than five (5) days prior written notice to Holder. Maker shall identify each optional prepayment of principal as such
by written notice to Holder at the time of payment.

 

7.            Representations
and Covenants.

 

(a)       There
is no action, suit, investigation, proceeding, or arbitration (whether or not purportedly on behalf of Maker) at law or in equity
or before or by any foreign or domestic court or other governmental entity (a “Legal Action”), pending or, to the knowledge
of Maker, threatened against or affecting Maker or any of their respective assets, which could reasonably be expected to result
in any material adverse change in the business, operations, assets, or condition (financial or otherwise) of Maker or that would
materially and adversely affect Maker’s ability to perform its obligations under the Loan Documents. There is no basis known
to Maker for any such action, suit, or proceeding. Maker is not (i) in violation of any applicable law which violation materially
and adversely affects or may materially or adversely affect the business, operations, assets, or condition (financial or otherwise)
of Maker, (ii) subject to, or in default with respect to, any other legal requirement that would have a materially adverse effect
on the business, operations, assets, or condition (financially or otherwise) of Maker, or (iii) in default with respect to any
agreement to which Maker is a party or to which it is bound. There is no Legal Action pending or, to the knowledge of Maker, threatened
against or affecting Maker questioning the validity or the enforceability of this Promissory Note or any of the other Loan Documents.

 

(b)       Maker
shall become insolvent; shall make an assignment for the benefit of creditors; shall fail generally to pay its debts as they become
due; shall have a receiver, trustee, custodian or conservator appointed with respect to all or part of its assets; or a petition
for relief under any chapter of the Federal Bankruptcy Code (or any similar debtor relief laws to which the parties may be subject)
is filed by or against Maker and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of
90 consecutive days.

 

    			 

     

    

 

(c)       A
final judgment or decree for monetary damages or a monetary fine or penalty (not subject to appeal or as to which the time for
appeal has expired) is entered against Maker by any government authority, which together with the aggregate amount of all other
such judgments or decrees against Maker that remain unpaid or that have not been discharged or stayed, exceeds Five Hundred Thousand
Dollars ($500,000.00) and such judgment or decree is not paid and discharged or stayed or appealed within thirty (30) days after
the entry thereof.

 

(d)       The
liquidation, dissolution or winding up of Maker.

 

9.            Remedies.
Upon the occurrence of an Event or Default, then at the option of the Holder, the entire balance of principal together with all
accrued interest thereon, and all other amounts payable by Maker under this Promissory Note or the other Loan Documents shall,
without demand or notice, immediately become due and payable. Upon the occurrence of an Event of Default, Holder shall have all
remedies hereunder and at law and the entire balance of principal hereof, together with all accrued interest thereon, all other
amounts due under this Promissory Note or the Security Agreement, and any judgment for such principal, interest, and other amounts
shall bear interest at the Default Interest Rate. No delay or omission on the part of the Holder in exercising any right under
this Promissory Note or under any of the other Loan Documents hereof shall operate as a waiver of such right., In addition to any
other rights and remedies of Holder, if an Event of Default exists and is continuing, Holder is authorized at any time and from
time to time during the continuance of the Event of Default, without prior notice to Maker (any such notice being waived by Maker
to the fullest extent permitted by law) to setoff and apply any and all deposits (general or special time or demand, provisional
or final) at any time held by Holder to or for the credit or the account of Maker against any and all obligations of Maker under
the Loan Documents, now or hereafter existing, irrespective of whether or not Holder shall have made demand under this Loan Agreement
or any other Loan Document and although such amounts owed may be contingent or unmatured.

 

10.            Default
Interest. Upon the occurrence of an Event of Default as described in Section 9 above (whether or not Holder has given any notice
of default), than all amounts outstanding hereunder, including any late charges that are then due and payable under Section 5 above,
any advances thereafter made from the loan evidenced hereby and any accruing costs and reasonable attorneys’ fees which are
the obligation of Maker shall thereafter bear interest at the rate (the “Default Interest Rate”) of the Interest Rate
plus three percent (3%) per annum. Make acknowledges that the imposition of the Default Interest Rate may result in the compounding
of interest, and Maker consents to such compounding.

 

11.            Interest
Limit. This Promissory Note and all other agreements between Maker and Holder are hereby expressly limited so that in no event
whatsoever, whether by reason of deferment in accordance with this Promissory Note or any other present or future agreement of
advancement of the proceeds of the loan evidenced hereby, acceleration or maturity of the loan, or otherwise, shall the total amount
paid or agreed to be paid to Holder for the loan, use forbearance or detention of the money to be loaned hereunder, including,
without limitation, all interest (including interest at the Default Interest Rate), any commitment, loan, consent or extension
fee, all late charges, and all reimbursable charges or costs which may be treated as interest, exceed the maximum permissible amount,
if any, under applicable law. If, from any circumstance whatsoever, fulfillment of any provision of this Promissory Note or any
such other agreement would require Maker to pay amounts in excess of the maximum amounts, if any, lawfully collectible under applicable
law, then, ipso facto, the obligation of Maker to be fulfilled shall be reduced to require the payment of only the maximum
amounts lawfully collectible. Maker agrees that the only laws relevant to maximum permissible interest shall be the substantive
laws of the State of Utah in effect on the date of this Promissory Note. All interest and other charges, fees, good, things in
action or any other sums, things of value and reimbursable costs that Maker is or may become obligated to pay or reimburse in connection
with the loan evidenced by this Promissory Note and which may be deemed to constitute “interest” within the meaning
of applicable law shall be deemed to constitute items of interest in addition to the rate(s) of interest specified in this Promissory
Note, which Maker hereby contracts in writing to pay, and shall be deemed to constitute additional "an agreed rate of interest”
for purposes of determining compliance with such statutes. The provisions of this Section 11 shall never be superseded or waived
and shall control every other provision of this Promissory Note and all other agreements between Maker and all holders of this
Promissory Note.

 

    			 

     

    

 

12.            Number
and Gender. In this Promissory Note the singular shall include the plural and the masculine shall include the feminine and
neuter gender, and vice versa.

 

13.            Headings.
Headings at the beginning of each numbered section of this Promissory Note are intended solely for convenience and are not part
of this Promissory Note.

 

14.            Waiver.
Maker waives demand, presentment, protest, notice of dishonor, notice of nonpayment, notice of intention to accelerate, notice
of acceleration, notice of protest and any and all lack of diligence or delay in collection or the filing of suit hereon which
may occur, and agrees to all extensions and partial payments, before or after maturity, without prejudice to Holder hereof.

 

15.            Integration.
This Promissory Note and any other documents, agreements and instruments contemplated hereby, contain the complete understanding
and agreement of Maker and Holder and supersede all prior representations, warranties, agreements, arrangements, understandings,
and negotiations. THE WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES,
PURSUANT TO UTAH CODE ANNOTATED SECTION 25-5-4, MAKER IS NOTIFIED THAT THE WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY ALLEGED PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

16.            Counterparts.
This Promissory Note may be executed and acknowledged in counterparts, all of which executed and acknowledged counterparts shall
together constitute a single document. Facsimile signature pages will be acceptable and shall be conclusive evidence of execution.

 

17.            Binding
Effect. This Promissory Note and any other documents, agreements and instruments contemplated hereby will be binding upon,
and inure to the benefit of, the Holder, Maker, and their respective successors and assigns. Maker may not delegate or assign
its obligations hereunder.

 

    			 

     

    

 

18.            Notices.
All notices, requests, demands or documents which are required or permitted to be given or served hereunder shall be in writing
and: (a) personally delivered to the party to be notified, in which instance notice shall be deemed to have been given and received
upon actual delivery; (b) sent by certified United States mail, return receipt requested, postage prepaid, addressed to the party
to be notified, in which instance notice shall be deemed to have been given upon deposit in the mail at any postal station and
received twenty-four (24) hours after such deposit or such earlier date as may be shown on the return receipt; or (c) sent by a
reputable national overnight commercial courier service (such as Federal Express, but not including United States Postal Express
Mail) addressed to the party to be notified, in which instance notice shall be deemed to have been given upon deposit with such
courier service for delivery and received on the first (1st) Business Day after deposit. The addresses of the parties
for notice by any of the foregoing means shall be as follows:

 

If to Maker:          eCommerce
Funding LLC

Attn: S. Whitfield Lee

2150 South 1300 East, Suite 360

Salt Lake City, UT 84106

 

If to Holder:         SWL
Investments LP

Attn: S. Whitfield Lee

2150 South 1300 East, Suite 360

Salt Lake City, UT 84106

 

19.            Governing
Law. The validity of this Promissory Note and the construction, interpretation, and enforcement hereof, and the rights of the
parties hereto with respect to all matters arising hereunder or related hereto, shall be determined under, governed by, and construed
in accordance with the laws of the State of Utah without giving effect to conflict of laws principles (regardless of the location,
residence, domicile or place of business of Maker or any constituent principal thereof or the location of any collateral herefor).
The parties hereby acknowledge, stipulate and agree that (a) the transaction evidenced, governed, and/or secured hereby bears a
reasonable relationship to the State of Utah in that, among other things, Holder has conducted the negotiations for the transactions
in the State of Utah, the loan evidenced hereby has been originated from the State of Utah, Holder will perform its obligations
for the loan in the State of Utah (including the servicing of the loan), and )b) Holder would not have entered into this transaction
but for the foregoing stipulation and agreement as to the choice of Utah law to govern this Promissory Note. With regard to the
exercise of remedies or any claim, dispute or other matter with respect to this Promissory Note, the parties agree that all actions
or proceedings arising in connection with this Promissory Note shall be tried and litigated only in the State and Federal courts
located in the County of Salt Lake, State or Utah or, at the sole option of Holder, in any other court in which Holder shall initiate
legal or equitable proceedings and which has subject matter jurisdiction over the matter in controversy. Maker waives, to the extent
permitted under applicable law, any right it may have to assert the doctrine of forum non conveniens or any similar doctrine
or to object to venue to the extent any proceeding is brought in accordance with this Section 19.

 

20.            Amendment
and Waiver. Any term of this Promissory Note may be amended or modified and the observance of any term of the Promissory Note
may be waived (either generally or in a particular instance and either retroactively or prospectively) by the written consent of
the Maker and the Required Holders. Any such amendment, modification or waiver shall apply uniformly to each of the Promissory
Notes and shall be final and binding on any Holder of the Promissory Notes, whether or not they have consented as part of the Required
Majority.

 

    			 

     

    

 

IN WITNESS WHEREOF,
this Promissory Note has been executed as of the date first written above.

 

	 	
        “Maker”

        eCommerce Funding LLC

        A Utah limited liability company

	 	 	 
	 	By:	/s/ Keith L. Merrell
	 	 	 
	 	Name: 	Keith L Merrell
	 	 	 
	 	Title:	Chief Financial Officer
	 	 	 
	 	“Holder”
	 	 
	 	
        SWL Investments LP

        An Oklahoma limited partnership

	 	 	 
	 	By:	/s/ S. Whitfield
    Lee
	 	 	 
	 	Name: 	S. Whitfield Lee
	 	 	 
	 	Title:	President

 

    			 

     

    

 

EXHIBIT A

 

INTERCREDITOR AND SUBORDINATION AGREEMENT

 

    			 

     

    

 

EXHIBIT B

 

JOINDER TO INTERCREDITOR AND SUBORDINATION
AGREEMENT

 

______________________, 201__

 

Pursuant to the terms
of this Jointer to Intercreditor and Subordination Agreement (this “Joinder”), the undersigned hereby joins in the
execution of that certain Intercreditor and Subordination Agreement, dated ______________________ (as amended, restated,
supplemented, or otherwise modified and in effect from time to time, the “Subordination Agreement”), among inter
alia, ______________________, a Utah corporation (“Name of Bank”), Revenue Based Financing Group, Inc.,
a Utah corporation (the “Borrower”), each of the other “Subordinated Lenders” a party thereto, and each
other person that becomes a Subordinated Lender thereby by execution of a Joinder thereto. By executing this Joinder, the undersigned
hereby agrees that the undersigned is a Subordinated Lender under the Subordination Agreement and agrees to be bound by all of
the terms and provisions thereof for the benefit of (Name of Bank).

 

IN WITNESS WHEREOF,
the undersigned has executed this Joinder to intercreditor and Subordination Agreement as of the date first above written.

 

	 	“Holder” and “Subordinated Lender”
	 	 	 
	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

    			 

     

    

 

FIRST AMENDMENT TO

SUBORDINATED PROMISORY NOTE

DATED NOVEMBER 1, 2018

 

WHEREAS ECOMMERCE FUNDING
LLC, a Utah limited liability company (“Maker”) and SWL INVESTMENTS LP, an Oklahoma limited partnership (“Holder”)
entered into a subordinated note agreement (the “Note”) on November 1, 2018 for the principal amount of $500,000; and

 

WHEREAS Maker has need
for funds in addition to that amount provided by the Note; it is

 

AGREED by both the
Maker and Holder that the Note be amended to increase the principal amount of the Note from $500,000 to $1,500,000, with all other
terms and conditions as stated in the original note remaining unchanged.

 

This Amendment to the
Note is hereby approved with an effective date of April 1, 2019.

 

	 	
        “Maker”

        eCommerce Funding LLC

        

	 	 	 
	 	By:	/s/ Keith L. Merrell
	 	 	 
	 	Name: 	Keith L Merrell
	 	 	 
	 	Title:	Chief Financial Officer
	 	 	 
	 	“Holder”
	 	
        SWL Investments LP

        

	 	 	 
	 	By:	/s/ S. Whitfield
    Lee
	 	 	 
	 	Name: 	S. Whitfield Lee
	 	 	 
	 	Title:	President

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