Document:

Exhibit
10.16

 

Employment
Contract

 

Party
A (employer)

Name:
Huahui (Shenzhen) Education Management Co., Ltd.

Address:
13th Floor, Building B1, Wisdom Plaza, Qiaoxiang Rd, Nanshan District, Shenzhen, China

Legal
representative: Junze Zhang

Contact
person: Zhenlei Liang

Contact
number:+(86) 0755-86961406

 

Party
B (employee)

Name:
Xiaoyan Xia

Gender:
Female

National
identification number or passport number: ___ National identification number: _______420221197509240844____________

Permanent
residence address:Zhongzhai, 7th Floor, Shenzhen-Hong Kong Industry-University-Research Base, 15 Gaoxin South Seventh Road,
Nanshan District, Shenzhen, Guangdong

Current
address: ______________________________________________

Contact
number: _________________________________________________

 

Party
A and Party B agree to sign this contract

 

	1.	Both
    parties agree and determine the term of the contract according to type _____1______

 

(i).
Fixed term: From _January 2, 2020__ to ___January 1, 2021____.

 

(ii).
Indefinite term: From ______/______ to________/________________________.

 

(iii).
To complete a certain work task as a deadline: from______/__to ______/____.

 

(iv).
Probation term ____2 ____months

 

	2.	Working
    content of Party B: ______CFO_______.
	 	 
	 	Working
    place: ________Shenzhen________.

 

	3.	Party
    B shall have statutory holidays, marriage leave, maternity leave, bereavement leave, etc. according to law.

 

    	 	 	 

     

    

 

Party
A and Party B agree to determine Party B’s working hours in the 1st way below.

 

	 	(1)	Standard
    working hours: __7.5__ hours per day, maximum working hours:___40_ hours per week.
	 	(2)	After
    the approval of the human resources protection (labor) department, the implementation of the irregular work system。
	 	(3)	Approved
    by the Human Resources Guarantee (Labor) Department to implement a comprehensive calculation of working hours

 

	4.	Party
    A shall pay monthly wages before the_tenth__ day of a month.
	 	 
	 	Party
    A, in consultation with Party B, agrees to pay Party B’s salary in the 1st way below.

 

	 	(1)	The
    monthly salary of Party B’s normal work is 8,330 yuan; and the performance salary is 3,570 yuan; perfect
    attendant award is 100 yuan;
	 	 	During
    the probation period, the monthly salary of normal work is ___/_ yuan; nd the performance salary is __/__ yuan; perfect attendant
    award is ___/_____ yuan;
	 	(2)	The
    two parties agreed to determine Party B’s salary by ___/___ yuan.

 

	5.	Both
    Party A and Party B pay social insurance premiums in accordance with relevant regulations and pay housing provident fund
	 	 
	6.	Labor
    Protection, Working Condition and Occupational Hazard Protecting Party A shall provide labor and work sites that meet the
    national labor health standards in accordance with relevant national and local labor protection regulations, and effectively
    protect Party B’s safety and health in production. If Party B may cause occupational disease hazards during work, Party
    A shall truthfully inform Party B and protect Party B’s health and its rights and interests in accordance with the provisions
    of the Law on Prevention and Control of Occupational Diseases.
	 	 
	7.	Other
    matters that both parties agree to need to agree:
	 	 
		Performance
    pay and full attendance awards are executed according to the company’s compensation system。 

 

	8	This
    contract is made in two copies, each party holds one copy and it has the same legal effect.

 

Party
A:_Huahui (Shenzhen) Education Management Co., Ltd. (seal)

Legal
Representative: Junze Zhang

Person
Chiefly in Charge: Junze Zhang

January
06, 2020

 

Party
B: Xiaoyan Xia (signature)

January
06, 2020Exhibit 10.1

 

U.S.
BANK® SBA PAYROLL PROTECTION LOAN

 

	U.S. Bank® SBA Payroll Protection Loan	Borrower:     General Moly, Inc.
	 	 
	Note Date:	 	 04/23/2020	Lakewood, CO  80401
	Tax ID Number:	 	 91-0232000	 
	 	Type of Organization:	 	 C-Corp
	Loan Amount:	 	 $ 365,034.00	State of Registration:	 	 DE-Delaware
	 	 

 

	1.	Loan
(“Loan”). FOR VALUE RECEIVED, the undersigned borrower (“Borrower”) promises to pay to the
order of U.S. Bank National Association (the “Bank”), the principal sum of $ 365,034.00(the “Loan
Amount”), in accordance with the terms of this U.S. Bank® SBA Payroll Protection Loan (this “Agreement”).

 

		1.1	SBA
Guaranty. In response to the Covid-19 pandemic the U.S. Congress has passed the CARES Act (“Act”) which
among other things, includes amending Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) to provide for this short-term
SBA lending program between February 15, 2020 to June 30, 2020 (the “Covered Period”) for payroll protection
of small businesses, nonprofit organizations, veterans organizations, or tribal business entities (the “Program”).
The Loan evidenced by this Agreement is guaranteed by the U.S. Small Business Administration (“SBA”), information
regarding which can be obtained from the SBA directly or at its website: www.sba.gov. Under this Program, if the proceeds
of this Loan were used by the Borrower for eligible expenses as defined in Section 1102 of the Act to include payroll costs, continuation
of heath care benefits, employee salaries, mortgage interest, rent, utilities, balances on SBA Economic Injury Disaster Loans
(“EIDL”) and interest on other outstanding debt incurred prior to February 15, 2020 (“Eligible Expenses”),
then Borrower may apply for loan forgiveness of all Eligible Expenses excluding interest on outstanding non-mortgage debt, and
existing EIDL balances not used for forgivable purposes (“Forgivable Expenses”) from the SBA as outlined below.
Upon Borrower certification of the amount of Loan proceeds used to pay Forgivable Expenses, such expenses will be forgiven as
a principal payment on the Borrower’s Loan. The remaining Loan balance, if any, will be re-amortized and paid by the Borrower
as detailed further in this Agreement. It is a condition of making this Loan that the SBA accept the Loan. In no event shall the
interest rate, fees or other charges under this Agreement exceed the maximum rate or amounts permitted for the SBA Loan Program
or any other maximum rates of interest imposed by applicable law. This Loan is only available to Borrowers that have their principal
place of business in the United States. To the extent feasible, Borrower agrees to purchase only American-made equipment and products
with the proceeds of this Loan. The SBA Guaranty does not affect the liability of the Borrower under this Agreement.

 

		1.2	Forgiveness.
Within 60 days from the Note Date, the Borrowers may request all or part of their Loan be forgiven by submitting an application
for forgiveness and documentation verifying the number of fulltime equivalent employees on payroll and their pay rates during
the eight weeks after this Note Date. Such documentation shall include payroll tax filings with the Internal Revenue Service,
state income, state payroll, and state unemployment insurance filings, cancelled checks, payment receipts, transcripts of accounts,
or other documents verifying payments for Forgivable Expenses (“Forgiveness Documentation”). Seventy-five percent
of Eligible Expenses must be used for payroll related expenses and up to twenty-five percent may be used for other Eligible Expenses,
to qualify for forgiveness. Borrower must also provide the Bank with a certification that the Forgiveness Documentation is true
and correct, and the amount of requested forgiveness was used for Forgivable Expenses. After approval of the forgiveness amount
and 6 month deferral period, the Bank will provide the Borrower written notification of the remaining balance and re-amortization
of the Loan, if any. Forgiveness cannot be provided without the Borrower’s submission to the Bank of all the documents required
by this Section 1.2.

 

	 	1.3	Interest.
    The unpaid principal balance will bear interest at an
    annual rate of 1.00%.

 

		1.4	Payment
                                         Schedule. Principal and interest are payable in 18 installments of  $ 20,397.20
                                         each, beginning on[11/23/2020] (“Deferral
                                         Period”) and on the same date of each consecutive month thereafter (except
                                         that if a given month does not have such a date, the last day of such month), plus a
                                         final payment equal to all unpaid principal and accrued interest on [04/23/2022], the
                                         maturity date. Installment payment amounts will be re-amortized after the Deferral Period
                                         and partial loan forgiveness credit is applied, at such time an updated Payment Schedule
                                         will be provided to Borrower. There is no penalty for Borrowers who pay off their Loan
                                         early.

 

		1.5	Automatic
Payments. If this box is checked, then at all times that this Agreement is in effect, Borrower hereby authorizes the Bank
to automatically deduct the amount of all payments required under this Agreement from:

 

	 	[ ̈]	 Borrower’s business deposit account number ________________________
held with the Bank.
	 	[ ̈]	 Borrower’s business deposit account held at ________________________
(Financial Institution) with Account Number ________________________
and Routing Number ________________________.

 

This
account is the “Payment Source Account.” If there are insufficient funds in the Payment Source Account to
pay the required payment, Borrower agrees to pay all fees on the Payment Source Account, which result from the automatic
deductions, including any overdraft/NSF charges and any returned payment fee. If for any reason the Bank does not charge the
Payment Source Account for payment, or if an automatic payment from the Payment Source Account is reversed, the payment is
still due according to this Agreement. The number of withdrawals from the Payment Source Account may be limited, as set out
in the customer agreement for that account. The Bank may cancel the automatic payment deduction from the Payment Source
Account at any time in its discretion.

 

	U.S. Bank

 Customer Confidential

 

     

     

    

 

		1.6	Calculation
                                         of Interest and Maximum Rate. Interest will be computed for the actual number of
                                         days principal is unpaid, using a daily factor obtained by dividing the stated interest
                                         rate by 360. In no event will the interest rate hereunder exceed that permitted by applicable law.
If any interest or other charge is finally determined by a court of competent jurisdiction to exceed the maximum amount
permitted by law, the interest or charge shall be reduced to the maximum permitted by law, and the Bank may credit any excess
amount previously collected against the balance due or refund the amount to Borrower.

 

		1.7	Late
Payment Fee. Subject to applicable law, if any payment is not made on or before its due date, the Bank may collect a delinquency
charge of $15.00 or 5% of the delinquent amount, whichever is less; provided, however, that if any portion of the Loan evidenced
by this Agreement has been guaranteed by the U.S. Small Business Administration, the late fee shall not exceed 5% of the delinquent
amount. Collection of the late payment fee shall not be deemed to be a waiver of the Bank’s right to declare a default hereunder.

 

		1.8	Loan
Purpose. Borrower represents that the proceeds of the Loan evidenced by this Agreement will be used for business purposes.
Borrower specifically represents and warrants the following business purpose uses of the Loan proceeds; The funds will be used
to retain workers and maintain payroll or make mortgage payments, lease payments, and utility payments.

 

		1.9	Deposits
                                         and Paying Procedure. The Bank is authorized and directed to credit any of Borrower’s
                                         accounts with the Bank (or to the account Borrower designates in writing) for all Loans
                                         made hereunder, and the Bank is authorized to debit such account or any other account
                                         of Borrower with the Bank for the amount of any principal, interest or expenses due under
                                         this Agreement or other amount due hereunder on the due date with respect thereto. Payments
                                         due under this Agreement and other Loan Documents will be made in lawful money of the
                                         United States. All payments may be applied by the Bank to principal, interest and other
                                         amounts due under the Loan documents in any order, which the Bank elects. If, upon any
                                         request by Borrower to the Bank to issue a wire transfer, there is an inconsistency between
                                         the name of the recipient of the wire and its identification number as specified by Borrower,
                                         the Bank may, without liability, transmit the payment via wire based solely upon the
                                         identification number.

 

		1.10	Returned
                                         Payment Charge. For each payment made by Borrower to the Bank that is returned or
                                         rejected (such as a check that is returned unpaid, or an automated transfer that is rejected),
                                         Borrower shall pay the Bank a returned payment fee of $25.00. 

 

	2.	Warranties/Covenants. Borrower continuously warrants
and agrees as follows:

 

		2.1.	Borrower’s
                                         Name, Location; Notice of Location Changes. Unless otherwise disclosed to the Bank
                                         in writing prior to the execution of this Agreement, Borrower’s name and organizational
                                         structure has remained the same during the past five years. The Borrower will continue
                                         to use only the name set forth with Borrower’s signature unless Borrower gives
                                         the Bank prior written notice of any change. Furthermore,
Borrower shall not do business under another name nor use any trade name without giving 10 days prior written notice to the
Bank. The Borrower will not change its status or organizational structure without the prior written consent of the Bank. The
address appearing at the top of this Agreement is Borrower’s chief executive office (or residence if Borrower is a sole
proprietor).

 

		2.2.	Financial
                                         Information. The Borrower will (i) maintain accounting records in accordance with
                                         generally recognized and accepted principles of accounting consistently applied throughout
                                         the accounting periods involved; (ii) provide the Bank with such information concerning
its business affairs and financial condition (including insurance coverage) as the Bank may reasonably request.

 

		2.3.	Setoff.
                                         The Borrower grants to the Bank an express contractual right to set off against all
                                         depository account balances, cash and any other property of Borrower now or hereafter
                                         in the possession of the Bank and the right to refuse to allow withdrawals from any account (collectively
“ Setoff”). The Bank may, at any time upon the occurrence of a default hereunder (notwithstanding any notice
requirements or grace/cure periods under this or other agreements between Borrower and the Bank) Setoff against the
Obligations whether or not the Obligations (including future installments) are then due or have been accelerated, all without
any advance or contemporaneous notice or demand of any kind to Borrower, such notice and demand being expressly
waived.

 

		2.4.	Borrower
                                         Compliance. The Borrower represents and warrants they will comply with all rules,
                                         laws, and obligations set forth under the SBA Paycheck Protection Program.

 

		2.5.	Prohibition
                                         of Executive Officer Status. Borrower is not an Executive Officer of Bank as defined
                                         under 12 C.F.R. §215.2, if Borrower should become an Executive Officer of Bank,
                                         Borrower understands Bank reserves the right to require Borrower to repay on demand, any
amount outstanding on the loan made under this Agreement.

 

	3.	Default.
                                         Notwithstanding any cure periods described below, Borrower shall immediately notify
                                         the Bank in writing when Borrower obtains knowledge of the occurrence of any event of
                                         default specified below. Regardless of whether Borrower has given the required notice,
                                         the occurrence
of one or more of the following shall constitute a default:

 

		3.1.	Nonpayment.
                                         The Borrower shall fail to pay (i) any interest due or any fees, charges, costs or
                                         expenses under this Agreement by five (5)
days after the same becomes due; or (ii) any principal amount of this Agreement when due.

 

		3.2.	Nonperformance.
                                         The Borrower shall fail to perform or observe any agreement, term, provision, condition,
                                         or covenant (other than a default occurring under this paragraph 3) required to be performed
                                         or observed by Borrower hereunder or under any other agreement with or in favor of the
                                         Bank.

 

		3.3.	Misrepresentation.
                                         Any financial information, statement, certificate, representation or warranty given
                                         to the Bank by Borrower (or any of their representatives) in connection with entering
                                         into this Loan and/or borrowing hereunder, or required to be furnished under the terms
                                         hereof, shall prove untrue or misleading in any material respect (as determined by the
                                         Bank in the exercise of its judgment) as of the time when given.

 

		3.4.	Default
                                         on Other Obligations. The Borrower is in default under the terms of any loan agreement,
                                         promissory note, lease, conditional sale contract or other agreements, document or instrument
                                         evidencing, governing or severing any indebtedness owing by Borrower to the Bank or any
                                         indebtedness in excess of $10,000 owing by Borrower to any third party, and the period
                                         of grace, if any, to cure said default shall have passed.

 

	U.S. Bank

 Customer Confidential

 

     

     

    

 

		3.5.	Judgments.
                                         Any judgment shall be obtained against Borrower, which, together with all other outstanding
                                         unsatisfied judgments against Borrower, shall exceed the sum of $10,000 and shall remain
                                         unvacated, unbonded or unstayed for a period of thirty (30) days following the
date of entry thereof.

 

		3.6.	Inability
                                         to Perform; Bankruptcy/Insolvency. (i) The Borrower shall die or cease to exist,
                                         or (ii) any bankruptcy, insolvency or receivership proceedings, or an assignment for
                                         the benefit of creditors, shall be commenced under any federal or state law by or against Borrower;
or (iii) Borrower shall become the subject of any out-of-court settlement with its creditors; or (v) Borrower is unable or admits
in writing its inability to pay its debts as they mature.

 

		3.7	Adverse
                                         Change; Insecurity. (i) There is a material adverse change in the Borrower’s
                                         business, properties, financial condition or affairs.

 

	4.	Acceleration
                                         of Obligations. Upon the occurrence of any of the events identified in paragraph
                                         3 and the passage of any applicable cure periods, the
Bank may at any time thereafter, by written notice to Borrower, declare the unpaid principal balance of any Obligations, together
with the interest accrued thereon and other amounts accrued hereunder, to be immediately due and payable; and the unpaid balance
shall thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are
hereby waived, and notwithstanding anything to the contrary contained herein. Upon the occurrence of any event under paragraph
3.6, the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder,
shall thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which
are hereby waived, and notwithstanding anything to the contrary contained herein.

 

	5.	Cumulative
Remedies; Notice; Waiver. The Bank may enforce its rights and remedies under this Agreement upon default. In addition to the
remedies for default set forth in this Agreement, the Bank upon default shall have all other rights and remedies for default provided
by the Uniform Commercial Code, as well as any other applicable law and this Agreement. The rights and remedies specified herein
are cumulative and are not exclusive of any rights or remedies, which the Bank would otherwise have.

 

		5.1	Waiver
by the Bank. The Bank may permit Borrower to attempt to remedy any default without waiving its rights and remedies hereunder,
and the Bank may waive any default without waiving any other subsequent or prior default by Borrower. Furthermore, delay on the
part of the Bank in exercising any right, power or privilege hereunder or at law shall not operate as a waiver thereof: nor shall
any single or partial exercise of such right, power or privilege preclude other exercise thereof or the exercise of any other
right, power or privilege. No waiver or suspension shall be deemed to have occurred unless the Bank has expressly agreed in writing
specifying such waiver or suspension.

 

	6.	Waivers;
Relationship to Other Documents. All Borrowers waive presentment, protest, demand, and notice of dishonor. The warranties,
covenants and other obligations of Borrower (and the rights and remedies of the Bank) in this Agreement and all related documents
are intended to be cumulative and to supplement each other.

 

	7.	Expenses
and Attorneys’ Fees. The Borrower will reimburse the Bank and any participant in the Obligations (“Participant”)
for all attorneys’ fees and all other costs, fees and out-of-pocket disbursements incurred by the Bank or any Participant
in connection with the preparation, execution, delivery, administration, defense and enforcement of this Agreement, including
fees and costs related to any waivers or amendments with respect thereto. The Borrower will also reimburse the Bank and any Participant
for all costs of collection before and after judgment, and the costs of preservation and/or liquidation of any collateral.

 

	8.	Applicable
Law; Interpretation; Joint Liability. This Agreement shall be governed by and interpreted in accordance with the internal
laws of the state of Ohio, except to the extent superseded by Federal law. THE BORROWER HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION
OF ANY STATE OR FEDERAL COURT SITUATED IN THE COUNTY OR FEDERAL JURISDICTION OF THE BANK’S BRANCH WHERE THE LOAN WAS ORIGINATED,
AND WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS, WITH REGARD TO ANY ACTIONS, CLAIMS, DISPUTES OR PROCEEDINGS RELATING TO
THIS NOTE, THE COLLATERAL, ANY OTHER LOAN DOCUMENT, OR ANY TRANSACTIONS ARISING THEREFROM, OR ENFORCEMENT AND/OR INTERPRETATION
OF ANY OF THE FOREGOING. Invalidity of any provisions of this Agreement shall not affect any other provision. Nothing herein shall
affect the Bank’s rights to serve process in any manner permitted by law or limit the Bank’s right to bring proceedings
against Borrower in the competent courts of any other jurisdiction or jurisdictions. This Agreement, and any amendment hereto
(regardless of when executed) will be deemed effective and accepted only upon the Bank’s receipt of the executed originals
thereof. If there is more than one Borrower, the liability of Borrowers shall be joint and several, and the reference to “
Borrower” shall be deemed to refer to all Borrowers. When SBA is the holder, this Note will be interpreted and enforced
under Federal law, including SBA regulations. The Bank or SBA may use state or local procedures for filing papers, giving notice,
and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax,
or liability. As to this Loan, Borrower may not claim or assert against SBA any local or state law to deny any obligation, defeat
any claim of SBA, or preempt federal law.

 

	9.	Participations/Successors.
The Bank may, at its option, sell all or any interests in this Agreement to other financial institutions (the “ Participant”),
and in connection with such sales (and thereafter) disclose any financial information the Bank may have concerning Borrower to
any such Participant or potential Participant. This provision does not obligate the Bank to supply any information or release
Borrower from its obligation to provide such information, The rights, options, powers and remedies granted in this Agreement will
extend to the Bank and to its successors and assigns, will be binding upon Borrower and its successors and assigns and will be
applicable hereto and to all renewals and/or extensions hereof.

 

	10.	Copies;
Entire Agreement; Modification. The Borrower hereby acknowledges the receipt of a copy of this Agreement. IMPORTANT: READ
BEFORE SIGNING. THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING AND EXPRESSING CONSIDERATION
ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THIS WRITTEN CONTRACT MAY BE LEGALLY ENFORCED. THE TERMS OF
THIS AGREEMENT MAY ONLY BE CHANGED BY ANOTHER WRITTEN AGREEMENT. THIS NOTICE SHALL ALSO BE EFFECTIVE WITH RESPECT TO ALL OTHER
CREDIT AGREEMENTS NOW IN EFFECT BETWEEN BORROWER AND THE BANK. A MODIFICATION OF ANY OTHER CREDIT AGREEMENTS NOW IN EFFECT BETWEEN
BORROWER AND THE BANK, WHICH OCCURS AFTER RECEIPT BY BORROWER OF THIS NOTICE, MAY BE MADE ONLY BY ANOTHER WRITTEN INSTRUMENT.
ORAL OR IMPLIED MODIFICATIONS TO SUCH CREDIT AGREEMENTS ARE NOT ENFORCEABLE AND SHOULD NOT BE RELIED UPON.

 

	U.S. Bank

 Customer Confidential

 

     

     

    

 

	11.	Waiver
                                         of Jury Trial. TO THE EXTENT PERMITTED BY LAW, BORROWER AND BANK HEREBY JOINTLY AND SEVERALLY
                                         WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING RELATING TO ANY
                                         OF THE LOAN DOCUMENTS, THE OBLIGATIONS THEREUNDER, OR ANY TRANSACTION ARISING THEREFROM
                                         OR CONNECTED THERETO. BORROWER AND BANK EACH REPRESENTS TO THE OTHER THAT TIIIS WAIVER
                                         IS KNOWlNGLY, WILLINGLY, AND VOLUNTARILY GIVEN. 

 

	12.	Attachments.
                                         All documents attached hereto, including any appendices, schedules, riders, and exhibits
                                         to this Loan Note are hereby expressly incorporated by reference.

 

IMPORTANT
INFORMATION

 

IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money
laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies
each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date
of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or
other identifying documents.

 

CELLULAR
PHONE CONTACT POLICY: By providing Bank with a telephone number for a cellular phone or other wireless device, each Borrower
expressly consents to receiving communications - including but not limited to prerecorded or artificial voice message calls,
text messages, and calls made by an automatic telephone dialing system - from Bank (including its affiliates and agents) at
that number. This express consent applies to each such telephone number provided to Bank now or in the future and permits
such calls regardless of their purpose. Calls and messages may incur access fees from a cellular provider.

 

We
may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account
may be reflected in your personal credit report

 

MISSOURI
NOTICE: ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT
INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WIIICH IT IS BASED
THAT IS IN ANY WAY RELATED TO THE CREDIT AGREEMENT. TO PROTECT YOU (BORROWER(S)) AND US (CREDITOR) FROM MISUNDERSTANDING OR
DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS AGREEMENT, ANY GUARANTY AND ANY OTHER
RELATED DOCUMENT WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN
WRITING TO MODIFY IT.

 

WASHINGTON
NOTICE: UNDER WASHINGTON LAW, ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR FORBEAR FROM ENFORCING
REPAYMENT OF A DEBT ARE NOT ENFORCEABLE.

 

NEBRASKA
NOTICE: A CREDIT AGREEMENT MUST BE IN WRITING TO BE ENFORCEABLE UNDER NEBRASKA LAW. TO PROTECT BORROWER AND LENDER FROM MISUNDERSTANDINGS
OR DISAPPOINTMENTS, ANY CONTRACT, PROMISE, UNDER TAKING OR OFFER TO FORBEAR REPAYMENT OF MONEY OR TO MAKE ANY OTHER FINANCIAL
ACCOMMODATION IN CONNECTION WITH THIS LOAN OF MONEY OR GRANT OR EXTENSION OF CREDIT, OR ANY AMENDMENT OF, CANCELLATION OF, WAIVER
OF, OR SUBSTITUTION FOR ANY OR ALL OF THE TERMS OR PROVISIONS OF ANY INSTRUMENT OR DOCUMENT EXECUTED IN CONNECTION WITH THIS LOAN
OR MONEY OR GRANT OR EXTENSION OF CREDIT MUST BE IN WRITING TO BE EFFECTIVE.

 

OREGON
NOTICE: UNDER OREGON LAW, MOST AGREEMENTS, PROMISES, AND COMMITMENTS MADE BY LENDER AFTER OCTOBER 3, 1989, CONCERNING LOANS AND
OTHER CREDIT EXTENSIONS THAT ARE NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES, OR SECURED SOLELY BY THE BORROWER’S RESIDENCE,
MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY THE LENDER TO BE ENFORCEABLE.

 

	U.S. Bank

 Customer Confidential

 

     

     

    

 

SIGNATURE

 

By
signing this Agreement, each person (“Signer”), individually and on behalf of Borrower, requests the Loan from the
Bank. Each Signer is authorized to sign on behalf of Borrower and will provide business resolutions to the Bank upon request.
Each Signer has read and agrees to all applicable provisions. Each Signer authorizes the Bank to (1) obtain credit records and
other credit and employment information about the Signers personally and the Borrower (now and in the future), including from
state and federal tax authorities, for deciding whether to approve the requested Loan and for later periodic account review and
collection purposes, and (2) furnish information about the Borrower to credit bureaus, other Signers, and other persons who claim
to be authorized by the Borrower to receive such information. The Borrower and each Signer guaranty that all information in this
Agreement is correct and agree to notify the Bank if any information changes. All Loan proceeds shall be used only for business
purposes generally, and for the specific purposes described in this Agreement.

 

 

	U.S. Bank

 Customer Confidential

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