Document:

EX-10.5

 Exhibit 10.5 
  

 
  

ASSET REPRESENTATIONS REVIEW AGREEMENT 

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-1, 

as Issuer 
 and 

SANTANDER CONSUMER USA INC., 
 as
Sponsor and Servicer 
 and 

CLAYTON FIXED INCOME SERVICES LLC, 

as Asset Representations Reviewer 
  

 
 Dated as of
February 17, 2016 
  
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 ARTICLE I.
	  	 DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	  	 Definitions
	  	 	1	  
			
	 ARTICLE II.
	  	 ENGAGEMENT; ACCEPTANCE
	  	 	3	  
			
	 Section 2.01
	  	 Engagement; Acceptance
	  	 	3	  
			
	 Section 2.02
	  	 Eligibility of Asset Representations Reviewer
	  	 	3	  
			
	 Section 2.03
	  	 Independence of the Asset Representations Reviewer
	  	 	3	  
			
	 ARTICLE III.
	  	 DUTIES OF THE ASSET REPRESENTATIONS REVIEWER
	  	 	3	  
			
	 Section 3.01
	  	 Review Scope
	  	 	3	  
			
	 Section 3.02
	  	 Review Notices
	  	 	3	  
			
	 Section 3.03
	  	 Review Materials
	  	 	4	  
			
	 Section 3.04
	  	 Missing or Incomplete Review Materials
	  	 	4	  
			
	 Section 3.05
	  	 The Asset Representations Review
	  	 	5	  
			
	 Section 3.06
	  	 Review Period
	  	 	5	  
			
	 Section 3.07
	  	 Review Report
	  	 	5	  
			
	 Section 3.08
	  	 Completion of Review for Certain Subject Receivables
	  	 	5	  
			
	 Section 3.09
	  	 Termination of Review
	  	 	6	  
			
	 Section 3.10
	  	 Review and Procedure Limitations
	  	 	6	  
			
	 Section 3.11
	  	 Review Systems
	  	 	6	  
			
	 Section 3.12
	  	 Representatives
	  	 	6	  
			
	 Section 3.13
	  	 Dispute Resolution
	  	 	7	  
			
	 Section 3.14
	  	 Records Retention
	  	 	7	  
			
	 Section 3.15
	  	 No Delegation
	  	 	7	  
			
	 ARTICLE IV.
	  	 PAYMENTS TO ASSET REPRESENTATIONS REVIEW
	  	 	7	  
			
	 Section 4.01
	  	 Annual Fee
	  	 	7	  
			
	 Section 4.02
	  	 Review Fee
	  	 	8	  
			
	 Section 4.03
	  	 Dispute Resolution Expenses
	  	 	8	  
			
	 Section 4.04
	  	 Payment
	  	 	8	  
			
	 Section 4.05
	  	 Payments by the Issuer
	  	 	8	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 ARTICLE V.
	  	 OTHER MATTERS PERTAINING TO THE ASSET REPRESENTATIONS REVIEWER
	  	 	9	  
			
	 Section 5.01
	  	 Representations and Warranties of the Asset Representations Reviewer
	  	 	9	  
			
	 Section 5.02
	  	 Limitation of Liability of Asset Representations Reviewer
	  	 	10	  
			
	 Section 5.03
	  	 Indemnification of Asset Representations Reviewer
	  	 	10	  
			
	 Section 5.04
	  	 Indemnification by Asset Representations Reviewer
	  	 	10	  
			
	 ARTICLE VI.
	  	 REMOVAL, RESIGNATION; SUCCESSOR ASSET REPRESENTATION REVIEWER
	  	 	11	  
			
	 Section 6.01
	  	 Eligibility Requirements for Asset Representations Reviewer
	  	 	11	  
			
	 Section 6.02
	  	 Resignation and Removal of Asset Representations Reviewer
	  	 	11	  
			
	 Section 6.03
	  	 Successor Asset Representations Reviewer
	  	 	12	  
			
	 Section 6.04
	  	 Merger, Consolidation or Succession
	  	 	12	  
			
	 ARTICLE VII.
	  	 TREATMENT OF CONFIDENTIAL INFORMATION
	  	 	13	  
			
	 Section 7.01
	  	 Confidential Information
	  	 	13	  
			
	 Section 7.02
	  	 Safeguarding Personally Identifiable Information
	  	 	14	  
			
	 ARTICLE VIII.
	  	 OTHER MATTERS PERTAINING TO THE ISSUER
	  	 	15	  
			
	 Section 8.01
	  	 Termination of this Agreement
	  	 	15	  
			
	 Section 8.02
	  	 Limitation of Liability
	  	 	16	  
			
	 ARTICLE IX.
	  	 MISCELLANEOUS PROVISIONS
	  	 	16	  
			
	 Section 9.01
	  	 Amendment
	  	 	16	  
			
	 Section 9.02
	  	 Notices, Etc
	  	 	17	  
			
	 Section 9.03
	  	 Severability Clause
	  	 	18	  
			
	 Section 9.04
	  	 Counterparts
	  	 	18	  
			
	 Section 9.05
	  	 Governing Law
	  	 	18	  
			
	 Section 9.06
	  	 Headings
	  	 	18	  
			
	 Section 9.07
	  	 Counterparts
	  	 	18	  
			
	 Section 9.08
	  	 Waivers
	  	 	18	  
			
	 Section 9.09
	  	 Entire Agreement
	  	 	18	  
			
	 Section 9.10
	  	 Severability of Provisions
	  	 	19	  
			
	 Section 9.11
	  	 Binding Effect
	  	 	19	  
			
	 Section 9.12
	  	 Cumulative Remedies
	  	 	19	  
			
	 Section 9.13
	  	 Nonpetition Covenant
	  	 	19	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 9.14
	  	 Submission to Jurisdiction; Waiver of Jury Trial
	  	 	19	  
			
	 Section 9.15
	  	 Third-Party Beneficiaries
	  	 	20	  
		
	Exhibit A - Agreed Upon Procedures	  			

  
 -iii- 

 ASSET REPRESENTATIONS REVIEW AGREEMENT 

This ASSET REPRESENTATIONS REVIEW AGREEMENT is made and entered into as of February 17, 2016 (this “Agreement”), by and
between Santander Drive Auto Receivables Trust 2016-1, a Delaware statutory trust (the “Issuer”), Santander Consumer USA Inc., an Illinois corporation (“SCUSA”, and in its capacity as sponsor, the
“Sponsor” and in its capacity as servicer, the “Servicer”), and Clayton Fixed Income Services LLC, a Delaware limited liability company (“Clayton”, and in its capacity as asset representations
reviewer, the “Asset Representations Reviewer”). 
 WHEREAS, the Issuer will engage the Asset Representations Reviewer to
perform reviews of Receivables for compliance with the representations and warranties made by the Sponsor regarding such Receivables. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
 ARTICLE I.

 DEFINITIONS 

Section 1.01 Definitions. Except as otherwise defined herein or as the context may otherwise require, capitalized terms used but
not otherwise defined herein are defined in Appendix A to the Sale and Servicing Agreement dated as of the date hereof (as from time to time amended, supplemented or otherwise modified and in effect, the “Sale and
Servicing Agreement”) between the Issuer, the Servicer, Santander Drive Auto Receivables LLC and Wells Fargo Bank, National Association, as indenture trustee, which also contains rules as to usage that are applicable herein. 

Whenever used in this Agreement, the following words and phrases shall have the following meanings: 

“Annual ARR Fee” has the meaning set forth in Section 4.01. 

“Asset Review” means the completion by the Asset Representations Reviewer of the procedures listed under “Tests” in
Exhibit A for each Subject Receivable as further described in Section 3.05. 
 “Client Records” has the meaning set
forth in Section 3.14. 
 “Confidential Information” has the meaning set forth in Section 7.01. 

“Disclosing Party” has the meaning set forth in Section 7.01. 

“Eligible Asset Representations Reviewer” means a Person who (i) is not, and is not Affiliated with, the Sponsor, the
Depositor, the Servicer, the Indenture Trustee, the Owner Trustee or any of their Affiliates and (ii) was not engaged or Affiliated with a Person that was engaged by the Sponsor or any Underwriter to perform any due diligence on the Receivables
prior to the Closing Date. 

 “Eligibility Representations” shall mean those representations identified within
the “Tests” included in Exhibit A. 
 “Indemnified Person” has the meaning set forth in Section 5.03. 

“Personally Identifiable Information” or “PII” has the meaning set forth in Section 7.02. 

“Privacy Laws” has the meaning set forth in Section 7.02. 

“Receiving Party” has the meaning set forth in Section 7.01. 

“Representatives” has the meaning set forth in Section 7.01. 

“Review Fee” has the meaning set forth in Section 4.02. 

“Review Invoice” means, with respect to any Asset Review, a detailed invoice prepared by the Asset Representations Reviewer
setting forth the calculation of the applicable Review Fee for such Asset Review. 
 “Review Materials” means the
documents, data, and other information required for each “Test” in Exhibit A. 
 “Review Period” has the meaning
set forth in Section 3.06. 
 “Review Report” has the meaning set forth in Section 3.07. 

“Subject Receivables” means, for any Asset Review, all Receivables which are 60-Day Delinquent Receivables as of the related
Review Satisfaction Date; provided, that any Receivable repurchased by the Sponsor or the Servicer in accordance with the Transaction Documents after the Review Satisfaction Date will no longer be a Subject Receivable. 

“Tests” mean the procedures listed in Exhibit A as applied to the process described in Section 3.05. 

“Test Complete” has the meeting set forth in Section 3.08. 

“Test Fail” has the meaning set forth in Section 3.05. 

“Test Incomplete” has the meaning set forth in Section 3.05. 

“Test Pass” has the meaning set forth in Section 3.05. 

  
 2 

 ARTICLE II. 

ENGAGEMENT; ACCEPTANCE 

Section 2.01 Engagement; Acceptance. 

The Issuer hereby engages Clayton to act as the Asset Representations Reviewer for the Issuer. Clayton hereby accepts the engagement and
agrees to perform the obligations of the Asset Representations Reviewer on the terms stated in this Agreement. 
 Section 2.02
Eligibility of Asset Representations Reviewer. 
 Clayton represents and warrants to the Issuer and the Sponsor that it is an
Eligible Asset Representations Reviewer. The Asset Representations Reviewer will notify the Issuer, the Sponsor and the Servicer promptly if it is not, or on the occurrence of any action that would result in it not being, an Eligible Asset
Representations Reviewer. 
 Section 2.03 Independence of the Asset Representations Reviewer. 

The Asset Representations Reviewer will be an independent contractor and will not be subject to the supervision of the Issuer, the Indenture
Trustee or the Owner Trustee for the manner in which it accomplishes the performance of its obligations under this Agreement. Unless expressly authorized by the Issuer, the Indenture Trustee or the Owner Trustee, the Asset Representations
Reviewer will have no authority to act for or represent the Issuer, the Indenture Trustee or the Owner Trustee, respectively, and will not be considered an agent of the Issuer, the Indenture Trustee or the Owner Trustee. Nothing in this
Agreement will make the Asset Representations Reviewer and any of the Issuer, the Indenture Trustee or the Owner Trustee members of any partnership, joint venture or other separate entity or impose any liability as such on any of them. 

ARTICLE III. 
 DUTIES OF
THE ASSET REPRESENTATIONS REVIEWER 
 Section 3.01 Review Scope. 

The parties confirm that the Asset Representations Review is not responsible for (a) reviewing the Receivables for compliance with the
representations and warranties under the Transaction Documents, except as described in this Agreement or (b) determining whether noncompliance with the representations and warranties constitutes a breach of the Eligibility Representations. For
the avoidance of doubt, the parties confirm that the review is not designed to determine why an Obligor is delinquent or the creditworthiness of the Obligor, either at the time of any Asset Review or at the time of origination of the related
Receivable. Further, the Asset Review is not designed to establish cause, materiality or recourse for any Test Fail (as defined in Section 3.05). 

Section 3.02 Review Notices. 

Upon receipt of (i) a Review Notice from the Indenture Trustee in accordance with Section 7.6(b) of the Indenture
and (ii) the Review Materials in accordance with Section 3.03 of this Agreement, the Asset Representations Reviewer will start an Asset Review. The Asset Representations Reviewer will not be obligated to begin, and may not begin, an
Asset Review 

  
 3 

 
until the Asset Representations Reviewer receives a Review Notice. Within ten Business Days of receipt of a Review Notice, the Servicer shall provide the list of Subject Receivables to the
Asset Representations Reviewer in the format selected by the Servicer to the address specified in Section 9.02. 
 None of the
Issuer, the Servicer, the Sponsor nor the Asset Representations Reviewer is obligated to verify whether the Indenture Trustee properly determined that a Review Notice was required. None or the Issuer, the Sponsor nor the Asset Representations
Reviewer is obligated to verify the accuracy or completeness of the list of Subject Receivables provided by the Servicer. 
 Section 3.03
Review Materials. 
 The Servicer will provide reasonable assistance to the Asset Representations Reviewer to facilitate the Asset
Review. Within 60 days of receipt by the Servicer of the Review Notice, the Servicer will provide the Asset Representations Reviewer with the Review Materials for all Subject Receivables in one or more of the following ways, as elected by the
Servicer: (i) by providing access to the Servicer’s receivables system, either remotely or at one or more of the properties of the Servicer; (ii) by electronic posting of Review Materials to a password-protected website to which the Asset
Representations Reviewer has access; (iii) by providing originals or photocopies at one or more of the properties of the Servicer where the Receivables Files are located; (iv) by sending originals or photocopies of Review Materials to the Asset
Representations Reviewer at the address specified in Section 9.02; or (v) in another manner agreed to by the Servicer and the Asset Representations Reviewer. The Servicer may redact or remove Personally Identifiable Information from the
Review Materials so long as such redaction or removal does not result in a change in the meaning or usefulness of the Review Materials. The Asset Representations Reviewer shall not be liable for any failure of the Review Materials to be accurate and
complete, including any failure that results in the Review Materials being misleading in any material respect. 
 Section 3.04 Missing or
Incomplete Review Materials. 
 The Asset Representations Reviewer will complete the Tests for each Eligible Representation only using
documentation that is made available. Upon receipt of the Review Materials, the Asset Representations Reviewer will complete an initial document inventory to verify there are no systemic documentation errors, including but not limited to
consistently missing or incomplete information in each Subject Receivable File. Once the Asset Representations Reviewer has confirmed the majority of the Review Materials have been provided in accordance with Section 3.03, the Asset
Representations Reviewer will commence the Asset Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer (with a copy to the
Sponsor) provide an updated copy of such Review Material. If the Servicer and the Sponsor have not provided the missing Review Material for a Subject Receivable to the Asset Representations Reviewer within 60 days of notification by the Asset
Representations Reviewer, the parties agree that such Subject Receivable will have a Test Incomplete for the related Test(s) and the Review Report will indicate the reason for the Test Incomplete. 

  
 4 

 Section 3.05 The Asset Representations Review. 

For an Asset Review, the Asset Representations Reviewer will perform the applicable procedures listed under “Tests” in Exhibit A for
each Eligibility Representation. In the course of its review, the Asset Representations Reviewer will use the Review Materials listed in Exhibit A. For each Test, the Asset Representations Reviewer will determine if the Test has been satisfied (a
“Test Pass”), if the Test has not been satisfied (a “Test Fail”) or if the Test could not be concluded as a result of missing or incomplete Review Materials (a “Test Incomplete”). 

If a Subject Receivable was included in a prior Asset Review, the Asset Representations Reviewer will not conduct additional Tests on any such
duplicate Subject Receivable unless such Subject Receivable was deemed a Test Incomplete as a result of the failure of the Servicer and the Sponsor to provide missing Review Material for such Subject Receivable and the Sponsor elects to have such
Subject Receivable included in the current Asset Review. The Asset Representations Reviewer will include the previously reported Test results for any such duplicate Subject Receivable within the Review Report for the current Asset Review. 

Section 3.06 Review Period. 

The Asset Representations Reviewer will complete the Review within 60 days of receiving access to the Review Materials in accordance with
Section 3.03 (such time period, the “Review Period”); provided, that if additional Review Materials are provided to the Asset Representations Reviewer as described in Section 3.04, the Review Period will be
extended for an additional 30 days. 
 Section 3.07 Review Report. 

Within five Business Days following the applicable Review Period described in Section 3.06, the Asset Representations Reviewer will
provide the Issuer, the Sponsor, the Servicer and Indenture Trustee with (i) a report (a “Review Report”) specifying for each Subject Receivable whether there was a Test Pass, a Test Fail, a Test Incomplete (as contemplated by
Section 3.05) or a Test Complete (as contemplated by Section 3.08) for each Test and Subject Receivable and (ii) the related Review Invoice. The Review Report will include a summary of the findings and conclusions of the Asset
Representations Reviewer with respect to the Asset Review to be included in the Form 10-D for the Issuer for the Collection Period in which the Review Report is received. The Asset Representations Reviewer will ensure that the Review Report
does not contain any Personally Identifiable Information. For the avoidance of doubt, the Indenture Trustee shall have no obligation to forward the Review Report to any Noteholder or any other person. 

Section 3.08 Completion of Review for Certain Subject Receivables. 

Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations
Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with the Transaction Documents. On
receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report
will indicate a Test Complete for the Receivables and the related reason. 

  
 5 

 Section 3.09 Termination of Review. 

If an Asset Review is in process and the Notes will be paid in full on the next Payment Date (including any payment in full as a result of any
early redemption of the Notes), the Servicer will notify the Asset Representations Reviewer and the Indenture Trustee no less than ten days before that Payment Date. On receipt of notice, the Asset Representations Reviewer will terminate the
Asset Review immediately and will not be obligated to deliver a Review Report. 
 Section 3.10 Review and Procedure Limitations. 

The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine
whether the required percentage of Noteholders has voted to direct an Asset Review and may rely on the information in any Review Notice delivered by the Indenture Trustee, (iii) to determine which Receivables are Subject Receivables and may rely on
the list of Subject Receivables provided by the Servicer, (iv) to confirm the validity of the Review Materials, (v) other than as specified in Section 3.03, to obtain missing or insufficient Review Materials, or (vi) to take any action or to
cause any other party to take any action under any of the Transaction Documents to enforce any remedies for any breach of a representation, warranty or covenant, including any Eligibility Representation. 

The Asset Representations Reviewer shall only be required to perform the testing procedures listed under “Tests” in Exhibit
A, and shall have no obligation to perform to perform additional testing procedures on any Subject Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer shall have no obligation to
provide reporting or other information other than the Review Report described in Section 3.07. However, the Asset Representations Reviewer may provide additional information about any Subject Receivable that it determines in good faith
to be material to its performance of an Asset Review. 
 Section 3.11 Review Systems. 

The Asset Representations Reviewer shall maintain and utilize an electronic case management system to manage the Tests and to provide
systematic control over each step in the Review process and ensure consistency and repeatability for the Tests. The Asset Representations Reviewer will ensure that these systems allow for each Subject Receivable and the related Review Materials to
be individually tracked and stored as contemplated by this Agreement. The Asset Representations Reviewer will maintain adequate staff that is properly trained to conduct Asset Reviews as required by this Agreement. 

Section 3.12 Representatives. 

(a) Servicer Representative. The Servicer will provide reasonable access to one or more designated representatives to respond to
reasonable requests and inquiries made by the Asset Representations Reviewer in its completion of an Asset Review. 

  
 6 

 (b) Asset Representations Review Representative. The Asset Representations Reviewer will
provide reasonable access to one or more designated representatives to respond to reasonable requests and inquiries made by the Servicer, the Sponsor, the Issuer or the Indenture Trustee during the Asset Representations Reviewer’s completion of
an Asset Review. The Asset Representations Reviewer shall have no obligation to respond to requests or inquires, and other than as specified in Section 3.13 shall not respond to requests or inquiries, made by any Person not party to this
Agreement other than the Indenture Trustee; provided, that if the Asset Representations Reviewer receives any request or inquiry from a Person not a party to this Agreement, then the Asset Representations Reviewer may inform such Person that
they may contact the Servicer and/or the Indenture Trustee with respect to such request or inquiry. 
 Section 3.13 Dispute
Resolution. 
 If a Subject Receivable that was reviewed by the Asset Representations Reviewer during an Asset Review is the subject of
a dispute resolution proceeding under Section 9.24 of the Sale and Servicing Agreement, the Asset Representations Reviewer shall participate in the dispute resolution proceeding on request of a party to the proceeding. The reasonable
out-of-pocket expenses and reasonable compensation of the Asset Representations Reviewer for its participation in any dispute resolution proceeding will be considered expenses of the Requesting Party for the dispute resolution and (subject to
Section 4.03) will be paid by a party to the dispute resolution as determined by the mediator or arbitrator for the dispute resolution according to Section 9.24 of the Sale and Servicing Agreement. 

Section 3.14 Records Retention. 

The Asset Representations Reviewer will maintain copies of Review Materials, Review Reports and internal work papers and correspondence
(collectively the “Client Records”) for a period of two years after the termination of this Agreement. At the expiration of the retention period, the Asset Representations Reviewer shall return all Client Records to the Servicer, in
electronic format or, to the extent held in tangible form, in that form. Upon the return of the Client Records, the Asset Representations Reviewer shall have no obligation to retain such Client Records or to respond to inquiries concerning the Asset
Review. 
 Section 3.15 No Delegation. 

The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of
the Issuer, the Sponsor and the Servicer. 
 ARTICLE IV. 

PAYMENTS TO ASSET REPRESENTATIONS REVIEW 

Section 4.01 Annual Fee. 

As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee in an amount equal
to $7,500.00 (the “Annual ARR Fee”) during the term of this Agreement, which shall be paid by or on behalf of the Sponsor within 30 days of 

  
 7 

 
the date hereof, with respect to the initial Annual ARR Fee, and within 30 days of the annual anniversary of this Agreement; provided, however, that if the Asset Representations Reviewer resigns
or is removed in accordance with Section 6.02, then the Asset Representations Reviewer shall refund to the Sponsor a portion of the Annual ARR Fee attributable to the portion of the annual period during which Clayton will no longer act as the
Asset Representations Reviewer, assuming for purposes of such calculation that the Annual ARR Fee for each day during the annual period is an amount equal to the Annual ARR Fee divided by 365. 

Section 4.02 Review Fee. 

Following the completion of an Asset Review and delivery to the Indenture Trustee, the Sponsor, the Servicer and the Issuer of the Review
Report and the related Review Invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $200.00 for each Subject Receivable for which the Asset Review was completed plus reasonable out-of-pocket expenses incurred in connection
with travel to the location at which Review Materials are made available in accordance with Section 3.03 (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable which was included in a prior
Asset Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset review according to Section 3.09. To the extent not paid by the Sponsor and outstanding for at
least 90 days after receipt by the Indenture Trustee, the Sponsor, the Servicer and the Issuer of the Review Invoice, the Review Fee shall be paid by the Issuer pursuant to the priority of payments sets forth in Section 4.4 of the Sale and
Servicing Agreement or Section 5.4(b) of the Indenture, as applicable. For the avoidance of doubt, there shall be no aggregate limit on the Review Fee paid by the Sponsor to the Asset Representations Reviewer pursuant to this Section
4.02. 
 Section 4.03 Dispute Resolution Expenses.  

If the Asset Representations Reviewer participates in a dispute resolution proceeding under Section 3.13 and its reasonable
out-of-pocket expenses and reasonable compensation for the time it incurs in participating in the proceeding are not paid by a party to the dispute resolution within ninety (90) days of the end of the proceeding, the Sponsor will reimburse the Asset
Representations Reviewer for such expenses upon receipt of a detailed invoice. 
 Section 4.04 Payment.  
 All payments made to the Asset Representations Reviewer shall be made to the account
specified by the Asset Representations Reviewer from time to time in writing to the Indenture Trustee, the Sponsor, the Servicer and the Issuer. 

Section 4.05 Payments by the Issuer. 

The Asset Representations Reviewer acknowledges and agrees that any payments payable by the Issuer under this Agreement, including pursuant to
this Article IV or Section 5.03, shall be limited to amounts available to make such payments pursuant to Section 4.4 of the Sale and Servicing Agreement and Section 5.4(b) of the Indenture, as applicable. 

  
 8 

 ARTICLE V. 

OTHER MATTERS PERTAINING TO THE ASSET REPRESENTATIONS REVIEWER 

Section 5.01 Representations and Warranties of the Asset Representations Reviewer. 

Clayton hereby makes the following representations and warranties as of the date hereof: 

(a) Existence and Power. Clayton is a corporation validly existing and in good standing under the laws of its state of
organization and has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, to deliver and to perform its obligations under this Agreement. Clayton has
obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of Clayton to perform its obligations under this Agreement. 

(b) Authorization and No Contravention. The execution, delivery and performance by Clayton of the Transaction Documents to which
it is a party have been duly authorized by all necessary corporate action on the part of Clayton and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material
indenture or material agreement or instrument to which Clayton is a party or by which its properties are bound (other than violations of such laws, rules, regulations, organizational documents, indentures, agreements or instruments which do not
affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or Clayton’s ability to perform its obligations
under, this Agreement). 
 (c) No Consent Required. No approval or authorization by, or filing with, any Governmental Authority
is required in connection with the execution, delivery and performance by Clayton of this Agreement other than (i) approvals and authorizations that have previously been obtained and filings that have previously been made and (ii) approvals,
authorizations or filings which, if not obtained or made, would not have a material adverse effect on the ability of Clayton to perform its obligations under this Agreement. 

(d) Binding Effect. This Agreement constitutes the legal, valid and binding obligation of Clayton enforceable against Clayton in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws affecting the enforcement of creditors’ rights
generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles of equity. 
 (e)
No Proceedings. There are no actions, orders, suits or proceedings pending or, to the knowledge of Clayton, threatened against Clayton before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this
Agreement or (ii) seek any determination or ruling that would materially and adversely affect the performance by Clayton of its obligations under this Agreement. 

(f) Eligibility. The Asset Representations Reviewer is an Eligible Asset Representations Reviewer. 

  
 9 

 Section 5.02 Limitation of Liability of Asset Representations Reviewer. 

To the fullest extent permitted by applicable law, the Asset Representations Reviewer shall not be under any liability to the Issuer, the
Servicer, the Depositor, the Indenture Trustee, the Owner Trustee, any Noteholder or any other Person for any action taken or for refraining from the taking of an action in its capacity as Asset Representations Reviewer pursuant to this Agreement,
or for errors in judgment, whether arising from express or implied duties under this Agreement; provided, however, that this provision shall not protect the Asset Representations Reviewer against any liability which would otherwise be
imposed by reason of willful misconduct, bad faith, breach of this Agreement or negligence in the performance of its duties. In no event will the Asset Representations Reviewer be liable for special, indirect or consequential loss or damage
(including loss of profit) even if the Asset Representations Reviewer has been advised of the likelihood of the loss or damage and regardless of the form of action. 

The Asset Representations Reviewer and any director, officer, employee, or agent may rely in good faith on any document of any kind prima
facie properly executed and submitted by any Person respecting any matters arising hereunder. The Asset Representations Reviewer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its
duties as Asset Representations Reviewer hereunder. 
 Section 5.03 Indemnification of Asset Representations Reviewer. 

(a) The Sponsor will indemnify the Asset Representations Reviewer and its officers, directors, employees and agents (each, an
“Indemnified Person”), for all costs, expenses, losses, damages and liabilities resulting from the performance of the Asset Representations Reviewer’s obligations under this Agreement (including the costs and expenses of
defending itself against any loss, damage or liability), but excluding any cost, expense, loss, damage or liability resulting from (i) the Asset Representations Reviewer’s willful misconduct, bad faith or negligence or (ii) the Asset
Representations Reviewer’s breach of any of its representations, warranties or covenants in this Agreement. 
 (b) The indemnification
set forth in this Section 5.03 will survive the termination of this Agreement and the resignation or removal of the Asset Representations Reviewer. 

Section 5.04 Indemnification by Asset Representations Reviewer. 

(a) To the fullest extent permitted by law, the Asset Representations Reviewer shall indemnify and hold harmless each of the Issuer, the
Servicer, the Sponsor and the Indenture Trustee, and its officers, directors, successors, assigns, legal representatives, agents, and servants (each an “Indemnified Person”), from and against any and all liabilities, obligations,
losses, damages, penalties, taxes, claims, actions, investigations, proceedings, costs, expenses or disbursements (including reasonable legal fees and expenses) of any kind and nature whatsoever which may be imposed on, incurred by, or asserted at
any time against an Indemnified Person (whether or not also indemnified against by any other person) which arose out of the negligence, willful misconduct or bad faith of the Asset Representations Reviewer in the performance of its obligations and
duties under this Agreement; provided, however, that the Asset Representations 

  
 10 

 
Reviewer shall not be liable for or required to indemnify an Indemnified Person from and against expenses arising or resulting from (i) the Indemnified Person’s own willful misconduct, bad
faith or negligence, or (ii) the breach of any representation, warranty or covenant made by the Indemnified Person. 
 (b) In case any such
action, investigation or proceeding will be brought involving an Indemnified Person as contemplated by Section 5.04(a), the Asset Representations Reviewer will assume the defense thereof, including the employment of counsel and the payment of
all expenses. The Issuer, the Servicer, the Sponsor and the Indenture Trustee each will have the right to employ separate counsel in any such action, investigation or proceeding and to participate in the defense thereof and the reasonable fees
and expenses of such counsel will be paid by the Asset Representations Reviewer. In the event of any claim, action, or proceeding for which indemnity will be sought pursuant to this Section, the Issuer’s, the Servicer’s, the Sponsor’s
and the Indenture Trustee’s choice of legal counsel shall be subject to the good faith objection by the Asset Representations Reviewer to a conflict of interest under the applicable rules of professional conduct. 

(c) The indemnification set forth in this Section 5.04 will survive the termination or assignment of this Agreement and the resignation
or removal of the Asset Representations Reviewer or any Indemnified Person. 
 ARTICLE VI. 

REMOVAL, RESIGNATION; SUCCESSOR ASSET REPRESENTATION REVIEWER 

Section 6.01 Eligibility Requirements for Asset Representations Reviewer. The Asset Representations Reviewer must be an Eligible
Asset Representations Reviewer. 
 Section 6.02 Resignation and Removal of Asset Representations Reviewer. 

(a) No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer may not resign as Asset Representations
Reviewer except (i) if the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer, (ii) upon a determination that the performance of its duties under this Agreement is no longer permissible under applicable law or
(iii) if it does not receive payment in full of any amounts required to be paid to the Asset Representations Reviewer in accordance with Article IV and pursuant to an undisputed invoice, which failure continues unremedied for a period of ninety (90)
days after written notice of such failure shall have been given to the Issuer, the Sponsor and the Indenture Trustee. Without limiting the foregoing, the Asset Representations Review shall promptly resign if it is no longer an Eligible Asset
Representations Reviewer. If the Asset Representations Reviewer resigns pursuant to clause (ii) above, the Asset Representations Reviewer shall deliver a notice of resignation to the Issuer and the Servicer, with a copy to the Indenture Trustee, no
less than thirty (30) days prior to the date of its resignation. 
 (b) Removal of Asset Representations Reviewer. If any of the
following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations
Reviewer and terminate its rights and obligations under this Agreement: 
 (i) the Asset Representations Reviewer is no
longer an Eligible Asset Representations Reviewer; 

  
 11 

 (ii) the Asset Representations Reviewer breaches of any of its representations,
warranties, covenants or obligations in this Agreement; or 
 (iii) a Bankruptcy Event of the Asset Representations Reviewer
occurs. 
 (c) Notice of Resignation or Removal. The Servicer will notify the Issuer, the Owner Trustee and the Indenture
Trustee of any resignation or removal of the Asset Representations Reviewer. 
 Section 6.03 Successor Asset Representations
Reviewer. 
 (a) Engagement of Successor Asset Representations Reviewer. Following the resignation or removal of the Asset
Representations Reviewer, (i) if the Delinquency Percentage has exceeded the Delinquency Trigger as of the most recent Payment Date, the Indenture Trustee (at the direction of the Noteholders, provided, that if the Indenture Trustee has received
conflicting or inconsistent requests from two or more groups of Noteholders, each representing less than the majority of the Note Balance, the Indenture Trustee shall follow the direction of the Noteholders representing the greater percentage of the
Note Balance) and (ii) if the Delinquency Percentage has not exceeded the Delinquency Trigger as of the most recent Payment Date, the Sponsor, will appoint a successor Asset Representations Reviewer which is an Eligible Asset Representations
Reviewer. 
 (b) Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will
be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this
Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement. 
 (c) Transition and
Expenses. If the Asset Representations Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset
Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of
transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the
Issuer or the successor Asset Representations Reviewer. 
 Section 6.04 Merger, Consolidation or Succession. Any Person (a) into
which the Asset Representations Reviewer is merged or consolidated, (b) resulting from any merger or consolidation to which the Asset Representations Reviewer is a party or (c) succeeding to the 

  
 12 

 
business of the Asset Representations Reviewer, if that Person is an Eligible Asset Representations Reviewer, will be the successor to the Asset Representations Reviewer under this Agreement.
Such Person will execute and deliver to the Issuer and the Servicer an agreement to assume the Asset Representations Reviewer’s obligations under this Agreement (unless the assumption happens by operation of law). 

ARTICLE VII. 
 TREATMENT
OF CONFIDENTIAL INFORMATION 
 Section 7.01 Confidential Information. 

(a) Confidential Information Defined. For the purposes of this Agreement, “Confidential Information” means nonpublic
proprietary information of a Party (the “Disclosing Party”) that is disclosed to the other Party (the “Receiving Party”), including but not limited to: (i) business or technical processes, formulae, source codes, object
code, product designs, sales, cost and other unpublished financial information, customer information, product and business plans, projections, marketing data or strategies, trade secrets, intellectual property rights, know-how, expertise, methods
and procedures for operation, information about employees, customer names, business or technical proposals, and any other information which is or should reasonably be understood to be confidential or proprietary to the Disclosing Party; (ii) PII (as
defined in Section 7.02 of this Agreement. The foregoing definition of Confidential Information applies to: (i) all such information, whether tangible or intangible and regardless of the medium in which it is stored or presented; and
(ii) all copies of such information, as well as all memoranda, notes, summaries, analyses, computer records, and other materials prepared by the Receiving Party or any of its employees, agents, advisors, directors, officers, and subcontractors
(collectively “Representatives”) that contain or reflect the Confidential Information. 
 (b) Use of Confidential
Information. Each party acknowledges that during the term of this Agreement it may be exposed to or acquire Confidential Information of the other party or its Affiliates. The Receiving Party shall hold the Confidential Information of the
Disclosing Party in strict confidence and will not disclose such information except to its Representatives who have a need to know such information for the purpose of effecting the terms and conditions of this Agreement and who have entered into an
agreement with the Receiving Party with confidentiality restrictions materially equivalent to those contained herein. The Receiving Party shall be responsible for the breach of this Agreement by any of its Representatives. The Receiving Party will
protect the Disclosing Party’s Confidential Information using the same degree of care that it uses to protect its own information of like import, but in no event with less than a commercially reasonable standard of care. 

(c) Exceptions. Confidential Information shall not include, and this Agreement imposes no obligations with respect to, information
that: 
  

	 	(i)	is or becomes part of the public domain other than by disclosure by a party in violation of this Agreement; 

  
 13 

	 	(ii)	was disclosed to a party prior to the effective date of this Agreement without a duty of confidentiality; 

  

	 	(iii)	is independently developed by a party outside of this Agreement and without reference to or reliance on any Confidential Information of the other party; or 

 

	 	(iv)	was obtained from a third party not known after reasonable inquire to be under a duty of confidentiality. 

The foregoing exceptions shall not apply to any PII, which shall remain confidential in all circumstances, except as required or permitted to
be disclosed by applicable law, statute, or regulation. 
 (d) Disclosure by Operation of Law. If either party is requested to
disclose all or any part of any Confidential Information under a subpoena, or inquiry issued by a court of competent jurisdiction or by a judicial or administrative agency or legislative body or committee, such party shall (i) to the extent
permitted by law, promptly notify the other party of the existence, terms and circumstances surrounding such request; (ii) consult with the other party on the advisability of taking legally available steps to resist or narrow such request and
cooperate with such Party on any steps it considers advisable; and (iii) if disclosure of the Confidential Information is required or deemed advisable, exercise commercially reasonable efforts to obtain an order, stipulation or other reliable
assurance that confidential treatment shall be accorded to such portion of the Confidential Information to be disclosed. Each party shall reimburse the other party for reasonable legal fees and expenses incurred in connection with such
party’s effort to comply with this section. 
 (e) Return of Confidential Information. Upon the request of the Disclosing Party,
the Receiving Party shall return all Confidential Information to the Disclosing Party provided to it pursuant to this Agreement; provided, however, (i) the Receiving Party shall be permitted to retain copies of the Disclosing Party’s
Confidential Information solely for archival, audit, disaster recovery, legal and/or regulatory purposes, and (ii) neither party will be required to search archived electronic back-up files of its computer systems for the other party’s
Confidential Information in order to purge the other party’s Confidential Information from its archived files; provided further, that any Confidential Information so retained will (x) remain subject to the obligations and restrictions contained
in this Agreement, (y) will be maintained in accordance with the retaining party’s document retention policies and procedures, and (z) the retaining party will not use the retained Confidential Information for any other purpose. 

(f) Remedies. The parties agree that an actual or threatened breach of this Section by it or its Representatives may cause
irreparable damage to the Disclosing Party and that damages may not be an adequate remedy for any such breach. Accordingly, each party shall be entitled to seek injunctive relief to restrain any such breach, threatened or actual, without the
necessity of posting bond, in addition to any other remedies available to such party at law or in equity. 
 Section 7.02 Safeguarding
Personally Identifiable Information. 
 (a) Definition. “Personally Identifiable Information”, or
“PII”, means information in any format about an identifiable individual, including, name, address, phone number, e-mail 

  
 14 

 
address, account number(s), identification number(s), any other actual or assigned attribute associated with or identifiable to an individual and any information that when used separately or in
combination with other information could identify an individual, as further described in § 501(b) of the Gramm-Leach-Bliley Act and the Interagency Guidelines Establishing Standards for Safeguarding Customer Information (12 C.F.R. Section 208,
Appendix D-2) (collectively, the “Privacy Laws”), that is provided or made available to the Asset Representations Reviewer pursuant to this Agreement. 

(b) Non-Disclosure. To the extent the Asset Representations Reviewer receives Personally Identifiable Information in the
performance its obligations hereunder, the Asset Representations Reviewer agrees that it will not disclose or use any Personally Identifiable Information except (i) to the extent necessary to carry out its obligations under the Agreement and for no
other purpose; or (ii) as may be required by valid operation of law. 
 (c) Safeguards. To the extent Asset Representations Reviewer
receives Personally Identifiable Information in the performance of services under this Agreement, the Asset Representations Reviewer represents and warrants that it has, and will continue to have adequate administrative, technical, and physical
safeguards: (i) to ensure the security and confidentiality of Personally Identifiable Information; (ii) to protect against any anticipated threats or hazards to the security or integrity of Personally Identifiable Information; and (iii) to protect
against unauthorized acquisition of, access to or use of Personally Identifiable Information which could result in a “breach” as that term is defined under applicable Privacy Laws. 

(d) Information. The Asset Representations Reviewer agrees to provide the Issuer and the Sponsor with information regarding its privacy
and information security systems, policies and procedures as the Issuer may reasonably request relating to compliance with this Agreement and applicable Privacy Laws. The Asset Representations Reviewer agrees to provide training in the Privacy Laws
and the Asset Representations Reviewer’s information security policies to all personnel whose duties pursuant to this Agreement could bring them in contact with Personally Identifiable Information. 

(e) Breach. In the event of any actual or apparent theft, unauthorized use or disclosure of any Personally Identifiable
Information, the Asset Representations Reviewer will commence all reasonable efforts to investigate and correct the causes and remediate the results thereof, and as soon as practicable following discovery of any such event, provide the Issuer and
the Sponsor notice thereof, and such further information and assistance as may be reasonably requested. 
 ARTICLE VIII. 

OTHER MATTERS PERTAINING TO THE ISSUER 

Section 8.01 Termination of this Agreement. 

This Agreement will terminate, except for obligations under Section 5.03, Section 5.04, Section 9.13 and Article
VII, on the earlier of (a) the payment in full of all outstanding Notes and the satisfaction and discharge of the Indenture and (b) the date the Issuer is terminated under the Trust Agreement. 

  
 15 

 Section 8.02 Limitation of Liability. It is expressly understood and agreed by the
parties that (a) this document is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it,
pursuant to the Trust Agreement, (b) each of the representations, warranties, covenants, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, warranties, covenants undertakings and
agreements by Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association,
individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (d)
under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant
made or undertaken by the Issuer under this Agreement or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to
the assets of the Issuer. 
 ARTICLE IX. 

MISCELLANEOUS PROVISIONS 

Section 9.01 Amendment. 

(a) Any term or provision of this Agreement may be amended by the Sponsor, the Servicer and the Asset Representations Reviewer without the
consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: 

(i) the Sponsor or the Servicer delivers an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will
not materially and adversely affect the interests of the Noteholders; or 
 (ii) the Rating Agency Condition is satisfied
with respect to such amendment and the Sponsor or the Servicer notifies the Indenture Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment; 

provided, that no amendment pursuant to this Section 9.01(a) shall be effective which affects the rights, protections or duties of the Indenture
Trustee or the Owner Trustee without the prior written consent of such Person. 
 (b) This Agreement may also be amended from time to time
by the Sponsor, the Servicer and the Asset Representations Reviewer, with the consent of the Holders of Notes evidencing not less than a majority of the aggregate principal balance of the Controlling Class, for the purpose of adding any provisions
to or changing in any manner or eliminating any of the 

  
 16 

 
provisions of this Agreement or of modifying in any manner the rights of the Noteholders, provided, that no amendment pursuant to this Section 9.01(b) shall be effective which
affects the rights, protections or duties of the Indenture Trustee or the Owner Trustee without the prior written consent of such Person. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed
amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of
the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Depository Agreement. 

(c) Any term or provision of this Agreement may also be amended from time to time by the Sponsor, the Servicer and the Asset Representations
Reviewer for the purpose of conforming the terms of this Agreement to the description thereof in the Prospectus or, to the extent not contrary to the Prospectus, to the description thereof in an offering memorandum with respect to the Non-Investment
Grade Notes or the Certificates without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee or any other Person, provided, however, that the Sponsor, the Servicer and the Asset Representations Reviewer
shall provide written notification of the substance of such amendment to the Indenture Trustee, the Issuer and the Owner Trustee and promptly after the execution of such amendment, the Sponsor and the Servicer shall furnish a copy of such amendment
to the Indenture Trustee, the Issuer and the Owner Trustee. 
 (d) Prior to the execution of any amendment or consent pursuant to this
Section 9.01, the Sponsor shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, the Sponsor shall furnish a copy of such amendment or
consent to each Rating Agency and the Indenture Trustee. 
 (e) Prior to the execution of any amendment to this Agreement, the Owner Trustee
and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to the execution and
delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner Trustee’s or the Indenture Trustee’s, as
applicable, own rights, duties or immunities under this Agreement. 
 Section 9.02 Notices, Etc. All demands, notices and
communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile or by electronic transmission, and
addressed in each case as specified on Schedule I to the Sale and Servicing Agreement or at such other address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. Delivery shall
occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder. 

  
 17 

 Section 9.03 Severability Clause. 

This Agreement constitutes the entire agreement between the Asset Representations Reviewer, the Issuer, Servicer, and the Sponsor. All
prior representations, statements, negotiations and undertakings with regard to the subject matter hereof are superseded hereby. 
 If any
term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remaining terms and provisions of this Agreement, or the application of such terms or provisions to
persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 

Section 9.04 Counterparts. 

This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all
such counterparts shall constitute one and the same instrument. 
 Section 9.05 Governing Law. THIS AGREEMENT SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 9.06
Headings. The section headings hereof have been inserted for convenience only and shall not be construed to affect the meaning, construction or effect of this Agreement. 

Section 9.07 Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed
to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
 Section 9.08
Waivers. No failure or delay on the part of the Sponsor, the Servicer, the Asset Representations Reviewer, the Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right
hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on the any
party hereto in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by either party under this Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable
to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 

Section 9.09 Entire Agreement. This Agreement contain a final and complete integration of all prior expressions by the parties
hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or written understandings. There are no unwritten
agreements among the parties. 

  
 18 

 Section 9.10 Severability of Provisions. If any one or more of the covenants,
agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. 
 Section 9.11 Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing obligations of the parties
hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree. 
 Section
9.12 Cumulative Remedies. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 9.13 Nonpetition Covenant. Each party hereto agrees that, prior to the date which is one year and one day after payment in
full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party hereto shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary
case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking
the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of
or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of its creditors generally, any party hereto or any other creditor
of such Bankruptcy Remote Party, and (ii) such party shall not commence, join with any other Person in commencing or institute with any other Person, any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization,
liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 

Section 9.14 Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally:

 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement or any documents executed and
delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern
District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought and maintained
in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

  
 19 

 (c) agrees that service of process in any such action or proceeding may be effected by mailing a
copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 9.02 of this Agreement; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the
right to sue in any other jurisdiction; and 
 (e) to the extent permitted by applicable law, each party hereto irrevocably waives all
right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 

Section 9.15 Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto and
their respective successors and permitted assigns and the Indenture Trustee shall be an express third-party beneficiary hereof and may enforce the provisions hereof as if it were a party hereto. Except as otherwise provided in this Section, no
other Person will have any right hereunder. 

  
 20 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
written above. 
  

					
	SANTANDER CONSUMER USA INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-1
		
	By:	 	Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	CLAYTON FIXED INCOME SERVICES LLC,
	as Asset Representations Reviewer
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 21 

 EXHIBIT A 
  

 
  
  

Santander Consumer USA Agreed Upon Procedures 

Representation 
  

	 	(a)	Characteristics of Receivables 

 As of the Cut-Off Date (or such other date as may be specifically set
forth below), each Receivable: 
 (i) has been fully and properly executed or electronically authenticated by the Obligor thereto; 

(ii) either (A) has been originated by a Dealer to finance the retail sale by that Dealer of the related Financed Vehicle and has been purchased by
Santander Consumer in accordance with the terms of a dealer agreement between Santander Consumer and that Dealer, (B) has been originated by Santander Consumer or (C) has been acquired by Santander Consumer in accordance with the terms of
a purchase agreement between the applicable Originator and Santander Consumer; 
 (iii) as of the Closing Date, is secured by a first priority validly
perfected security interest in the Financed Vehicle in favor of the applicable Originator, as secured party, or all necessary actions have been commenced that would result in a first priority security interest in the Financed Vehicle in favor of the
applicable Originator, as secured party; 
 (iv) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are
adequate for realization against the collateral of the benefits of the security; 
 (v) provided, at origination, for level monthly payments which fully
amortize the initial Principal Balance over the original term; provided, that the amount of the first or last payment may be different from the level payment but in no event more than three times the level monthly payment; 

(vi) provides for interest at the Contract Rate specified in the Schedule of Receivables; 

(vii) was originated in the United States and denominated in Dollars; 

(viii) is secured by a new or used automobile, light-duty truck or van; 

(ix) has a Contract Rate of at least 0.00%; 
 (x) had an
original term to maturity of not more than 75 months and each Receivable has a remaining term to maturity, as of the Cut-Off Date, of not more than 75 months and not less than 4 months; 

(xi) has an outstanding Principal Balance of at least $505.23 and no more than $114,503.79; 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 (xii) has a final scheduled payment due on or before May 30, 2022; 

(xiii) was not more than 30 days past due as of the Cut-Off Date; 

(xiv) was not noted in the records of the Originator or the Servicer as being the subject of any bankruptcy or insolvency proceeding; 

(xv) is not subject to a force-placed Insurance Policy on the related Financed Vehicle; 

(xvi) is a Simple Interest Receivable, and scheduled payments under such Receivable have been applied in accordance with the method for allocating principal
and interest set forth in such Receivable; and 
 (xvii) provides that a prepayment by the related Obligor will fully pay the Principal Balance and accrued
interest through the date of prepayment based on the Receivable’s Contract Rate. 
 Documents 

Retail Sale Contract 
 Title Documents 

Receivable File 
 Schedule of Receivables 

Servicing System/Data Tape 
 Procedures to be Performed

  

	i)	Confirm the contract was signed or electronically authenticated by the obligor 

  

	ii)	Origination of the Receivable 

 a) Review the Retail Sale Contract and confirm that Santander
Consumer USA or another Approved Party is listed as the Assignee within the Assignment Section.1 
  

	iii)	Security Interest Enforcement 

  

	 	a)	Confirm the title documents show Santander Consumer USA or another Approved Party as the first lienholder 

 

	1 	“Approved Party” means a party specified as an “Approved Party” on the list of Approved Parties provided by Santander Consumer to Clayton. 

  
 2 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

	 	b)	Review the servicing system and confirm the Pool ID in the system matches the Pool ID for the transaction related to the deal 

  

	iv)	Customary and Enforceable Provisions 

  

	 	a)	Confirm the Contract form number is listed on the Approved Contract Form List2 

  

	v)	Fully Amortizing Payment Schedule 

  

	 	a)	Confirm all payments are equivalent with the possible exception that the first and last payments may be different from the level monthly payment 

 

	 	I)	If the first and last payments are different from the level monthly payment, confirm that these payments are no more than three times the level monthly payment amount 

 

	 	b)	Review the Truth in Lending section of the Retail Sale Contract and calculate the product of the Amount of Payments with the Number of Payments and confirm that this amount is equal to the Total of Payments

  

	vi)	Provides for Interest at the Contract Rate 

  

	 	a)	Review the Schedule of Receivables and confirm that the stated rate is equal to the APR as shown in the Federal Truth in Lending section of the Retail Sale Contract 

 

	vii)	Origination of the Receivable 

  

	 	a)	Review the Retail Sale Contract and confirm the Dealer address is in the United States 

  

	 	b)	Review the Retail Sale Contract and confirm that the amounts stated within the Truth in Lending section are denominated in US dollars 

 

	viii)	Condition, Make and Model of Financed Vehicle 

  

	 	a)	Review the New/Used section of the Retail Sale Contract and confirm that the Financed Vehicle is stated to be new or used 

  

	 	b)	Review the “Year and Make” and “Model” sections of the Retail Sale Contract and confirm that the Financed Vehicle constitutes a light-duty truck or van 

 

	ix)	Contract Annual Percentage Rate 

  

	 	a)	Review the Federal Truth in Lending Section of the Retail Sale Contract and Confirm that the Annual Percentage Rate is greater than the minimum allowed percentage rate 

 

	x)	Remaining Maturity Date 

  

	 	a)	Confirm that the Number of Payments section within the Truth in Lending section of the Retail Sale Contract indicates a number of payments that does not exceed the maximum allowable number of payments 

 

	 	b)	Review the Data Tape and confirm that the remaining term to maturity is within the stated allowable limits 

  

	xi)	Outstanding Principal Balance 

  

	2 	“Approved Contract Form List” means a list of Approved Contract Forms provided by Santander Consumer to Clayton. 

  
 3 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

	 	a)	Review the Data and confirm that the Unpaid Principal Balance as of the Cutoff Date is within the stated allowable limits 

  

	xii)	Final Schedule Payment Date 

  

	 	a)	Review the Data Tape and confirm that the Final Scheduled Payment Due Date will occur on or before the latest allowable final payment date 

 

	xiii)	Days Past Due 

  

	 	a)	Review the data file and confirm the Receivable was not more than 30 days past due as of the Cutoff Date 

  

	xiv)	Bankruptcy 

	 	a)	Review the Receivable File and any applicable servicing notes and confirm there is no indication of pending bankruptcy or insolvency proceedings 

 

	xv)	Force Place Insurance 

  

	 	a)	Review the servicing system and confirm the Receivable did not have Force Place Insurance as of the Cutoff Date 

  

	xvi)	Simple Interest Receivable 

  

	 	a)	Confirm the Contract is a Simple Interest Contract 

  

	 	b)	Review the payment history and confirm the first payment was appropriately applied to principal and interest 

  

	xvii)	Prepayment 

  

	 	a)	Confirm the contract contains the appropriate Prepayment Disclosures 

  

	xviii) 	If sections i through xvii are confirmed, then Test Pass 

  
 4 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(b)	Compliance with Law 

 The Receivable complied at the time it was originated or made in all material
respects with all requirements of applicable federal, state and local laws, and regulations thereunder. 
 Document 

Retail Sale Contract 
 Servicing System/Data Tape 

Procedures to be Performed 
  

	i)	Confirm the Contract Form number and revision date are on the Approved Contract Form List 

  

	ii)	Confirm the Contract is complete 

  

	 	a)	Confirm that all lines in the contract are filled out appropriately 

  

	 	b)	Confirm the Name and address of Creditor, APR, Finance Charge, Amount of Payments, Total of Payments and Total Sale Price are properly filled out 

 

	 	c)	Confirm all lines on the contract are completed or properly left blank 

  

	iii)	Confirm the Amount Financed is correctly calculated 

  

	 	a)	Calculate the Amount Financed using the Cash Price, Total Down Payment and Total Amount Paid on Buyer’s Behalf 

  

	 	b)	Confirm the Calculated Amount Financed matches the Amount Financed as stated within the Truth in Lending section of the Contract 

  

	iv)	Confirm the Total Sale Price is correctly calculated 

  

	 	a)	Calculate the Total Sale Price by taking the difference of the Total of Payments as stated within the Truth in Lending section and the Total Down Payment as stated within the Itemization of Amount Financed

  

	 	b)	Confirm the Calculated Total Sale Price matches the Total Sale Price as stated within the Truth in Lending section of the Contract 

  

	v)	Confirm the Total of Payments is correctly calculated 

  

	 	a)	Calculate the Total of Payments by taking the product of the Number of Payments and Amount of Payments as stated within the Truth in Lending section of the Contract 

  
 5 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

	 	b)	Confirm the Calculated Total of Payments from step (a) is equal to the Total of Payments as stated within the Truth in Lending section of the Contract 

 

	 	c)	Calculate the Total of Payment by taking the sum of the Finance Charge and Amount Financed as stated within the Truth in Lending section of the Contract 

 

	 	d)	Confirm the Calculated Total of Payments from step (c) is equal to the Total of Payments as stated within the Truth in Lending section of the Contract 

 

	vi)	Confirm the APR is correctly calculated 

  

	 	a)	Calculate the APR using information within the Truth in Lending section of the Contract 

  

	 	b)	Confirm the Calculated APR is within an acceptable range of the APR as stated within the Truth in Lending Section of the Contract 

  

	vii)	Confirm the first payment due date as stated within the When Payments are Due section of the Truth in Lending section of the Contract is within an acceptable timeframe of the Contract Date 

 

	viii)	If Steps i through vii are confirmed, then Test Pass 

  
 6 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(c)	Binding Obligation 

 The Receivable constitutes the legal, valid and binding payment obligation in
writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except (i) as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation or other similar laws and equitable
principles relating to or affecting the enforcement of creditors’ rights generally and (ii) as such Receivable may be modified by the application after the Cut-Off Date of the Servicemembers Civil Relief Act, as amended, to the extent
applicable to the related Obligor. 
 Documents 

Retail Sale Contract 
 Procedures to be Performed

  

	i)	Confirm the Contract Form number is on the Approved Contract Form List.  

  

	ii)	Confirm the borrower and co-borrower (if applicable) signed the contract 

  

	iii)	If Steps i and ii are confirmed, then Test Pass 

  
 7 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(d)	Receivable in Force 

 The Receivable has not been satisfied, subordinated or rescinded nor has the
related Financed Vehicle been released from the lien of such Receivable in whole or in part. 
 Documents 

Servicing System/Data Tape 
 Title Documents 

Procedures to be Performed 
  

	i)	Confirm the Receivable exists on the Servicing System as an active Receivable 

  

	ii)	Confirm the title documents show Santander Consumer USA or another Approved Party as the first lienholder 

  

	iii)	If Steps i and ii are confirmed, then Test Pass 

  
 8 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(f)	No Default; No Waiver 

 Except for payment delinquencies continuing for a period of not more than 30
days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that
with notice or lapse of time, or both, would constitute a Default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. 

Documents 
 Receivable File 

Servicing System/Data Tape 
 Procedures to be Performed

  

	i)	Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date 

 

	ii)	Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable other than documented deferrals and waivers of late payment charges
or fees 

  

	iii)	If Steps i and ii are confirmed, then Test Pass 

  
 9 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(g)	Insurance 

 The Receivable requires that the Obligor thereunder obtain comprehensive and collision
insurance covering the related Financed Vehicle. 
 Documents 

Retail Sale Contract 
 Procedures to be Performed

  

	i)	Confirm the Retail Sale Contract contact language that required the Obligor to obtain and maintain insurance against physical damage to the Financed Vehicle 

 

	ii)	If confirmed, the Test Pass 

  
 10 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(h)	No Government Obligor 

 The Obligor on the Receivable is not the United States of America or any state
thereof or any local government, or any agency, department, political subdivision or instrumentality of the United States of America or any state thereof or any local government. 

Documents 
 Retail Sale Contract 

Procedures to be Performed 
  

	i)	Review the buyer section on the Contract and confirm a person’s or business name is reported 

  

	ii)	If the buyer section on the Contract does not report a person’s or business name, confirm internet search results do not indicate the buyer to be a government agency, department, political subdivision or
instrumentality. 

  

	iii)	If (i) or (ii) are confirmed, then Test Pass 

  
 11 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(i)	Assignment 

 No Receivable has been originated in, or is subject to the laws of, any jurisdiction under
which the sale, transfer, assignment, setting over, conveyance or pledge of such Receivable would be unlawful, void, or voidable. 
 Documents

 Retail Sale Contract 
 Receivable File 

Servicing System 
 Procedures to be Performed 

 

	i)	Confirm the Retail Sale Contract was completed on a contract form included in the Approved Contract Form List 

  

	ii)	If Step i is confirmed, then Test Pass 

  
 12 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(j)	Good Title 

 As of the Closing Date and immediately prior to the sale and transfer contemplated in the
Sale and Servicing Agreement, the Seller had good and marketable title to and was the sole owner of each Receivable free and clear of all Liens (except any Lien which will be released prior to assignment of such Receivable hereunder), and,
immediately upon the sale and transfer thereof, the Issuer will have good and marketable title to each Receivable, free and clear of all Liens (other than Permitted Liens). 

Documents 
 Title Documents 

Procedures to be Performed 
  

	i)	Confirm the title documents show Santander Consumer USA or another Approved Party as the first lienholder 

  

	ii)	Review the servicing system and confirm the Pool ID in the system matches the Pool ID for the transaction related to the deal 

  

	iii)	If (i) and (ii) are confirmed, then Test Pass 

  
 13 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(m)	Characterizations of Receivables 

 Each Receivable constitutes either “tangible chattel
paper”, an “account”, an “instrument”, or a “general intangible”, each defined in the UCC. 
 Documents

 Contract 
 Title Documents 

Procedures to be Performed 
  

	i)	Confirm the Contract form number is on the Approved Contract Form List 

  

	ii)	Confirm the Amount Financed as reported on the Contract is greater than zero 

  

	iii)	Confirm there is documentation of a lien against the financed vehicle 

  

	iv)	If tests (i) through (iii) are confirmed, then Test Pass 

  
 14 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(n)	One Original 

 There is only one executed original of the Contract (in each case within the meaning of
the UCC) related to each Receivable. 
 Documents 

Contract 
 Procedures to be Performed 

 

	i)	Confirm there is a final version of the Contract available for review 

  

	ii)	Confirm the Contract was signed by the buyer(s) and the Dealer 

  

	iii)	If (i) and (ii) are confirmed, then Test Pass 

  
 15 

 

 
  
  

Santander Consumer USA Agreed Upon Procedures 
  

 Representation 
  

	 	(o)	No Defenses 

 The records of the Servicer do not reflect any facts which would give rise to any right of
rescission, offset, claim, counterclaim or defense with respect to such Receivable or the same being asserted or threatened with respect to such Receivable. 

Documents 
 Receivable File 

Procedures to be Performed 
  

	i)	Review the Receivable file and servicing system and confirm there is no evidence of litigation or other attorney involvement as of the Cut-Off Date. 

 

	ii)	If confirmed, Test Pass. 

  
 16Exhibit 10.1

 

SHARE EXCHANGE
AGREEMENT

 

Dated February
8, 2016

 

by and among

  

ID Global
Solutions Corporation,

a Delaware
corporation

 

and

 

Fin Holdings,
Inc.,

a Florida
corporation and

the Shareholders
of Fin Holdings, Inc.

 

CONFIDENTIAL

 

     

     

    

 

SHARE EXCHANGE AGREEMENT

 

This Share Exchange Agreement
(“Agreement”) dated February 8, 2016, is by and among ID Global Solutions Corporation (“IDGS”),
a corporation organized under the laws of the State of Delaware, having an office for the transaction of business at 160 E. Lake
Brantley Drive, Longwood, FL 32779 and Fin Holdings, Inc. (“Fin”), a corporation organized under the
laws of the State of Florida, having an office for the transaction of business at 5301 Bacara Cove, Lake Mary, FL 32746, and the
shareholders of Fin as listed on the signature page and Schedule A hereto, constituting all of the shareholders of Fin (collectively,
the “Fin Shareholders” and individually an “Fin Shareholder”), each having
an address set forth on the signature pages hereto.

 

WITNESSETH

 

WHEREAS, the Fin
Shareholders own all of the issued and outstanding shares of the common stock of Fin (the “Fin Common Stock”).

 

WHEREAS, the Parties
desire that IDGS acquire all of the Fin Common Stock from the Fin Shareholders solely in exchange for an aggregate of 22,500,000
shares of newly issued shares of IDGS Common Stock (the “IDGS Shares”) at a per share price of $0.40
per share pursuant to the terms and conditions set forth in this Agreement, which such issuance of the IDGS Shares will be exempt
from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”),
pursuant to an exemption provided by Section 4(2) thereunder.

 

WHEREAS, it is intended
that the acquisition shall qualify for United States federal income tax purposes as a reorganization within the meaning of Section
368 of the Internal Revenue Code of 1986, as amended.

 

NOW THEREFORE, on
the stated premises and for and in consideration of the foregoing recitals which are hereby incorporated by reference, the mutual
covenants and agreements hereinafter set forth and the mutual benefits to the parties to be derived here from and for other good
and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Parties hereto agree as follows:

 

SECTION 1

SHARE EXCHANGE

 

1.1          The
Exchange. At the Closing, the shares of Fin Common Stock issued and outstanding immediately prior to the Closing Date shall
be exchanged for IDGS Shares in the amounts set forth on Schedule A attached hereto.

 

1.2.         Closing.
The closing (“Closing”) of the transactions contemplated hereby shall occur within forty five (45) business
days following the satisfaction or waiver of all conditions precedent to Closing set forth in Section 7 hereof (the “Closing
Date”).

 

     

     

    

 

1.3.         Closing
Events. At the Closing, each of the respective parties hereto shall execute, acknowledge, and deliver (or shall cause to
be executed, acknowledged, and delivered) any and all stock certificates, officers’ certificates, financial statements, schedules,
agreements, resolutions, rulings, or other instruments required by this Agreement to be so delivered at or prior to the Closing,
and the documents and certificates provided in Section 7, together with such other items as may be reasonably requested by the
parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby. If agreed
to by the parties, the Closing may take place through the exchange of documents (other than the delivery of stock certificates
representing the shares of Fin Common Stock) by eFax, fax, email and/or express courier. At the Closing, the ownership of the shares
of Fin Common Stock set forth on Schedule A hereto currently held by the Fin Shareholders shall be transferred to IDGS without
any further action by the Fin Shareholders, and IDGS Shares shall be issued in the names and denominations set forth on Schedule
A hereto.

 

1.4          Adherence
with Applicable Securities Laws. Each of the Fin Shareholders agrees that he, she or
it is acquiring the IDGS Shares for investment purposes and will not offer, sell or otherwise transfer, pledge or hypothecate
any of the IDGS Shares issued to him (other than pursuant to an effective Registration Statement under the Securities Act directly
or indirectly unless:

 

		(a)	the sale is to the
IDGS;

 

		(b)	the sale is made pursuant
to the exemption from registration under the Securities Act, provided by Rule 144 thereunder; or

 

		(c)	the IDGS Shares are
sold in a transaction that does not require registration under the Securities Act or any applicable United States state laws and
regulations governing the offer and sale of securities, and the Fin Shareholder has furnished to IDGS an opinion of counsel to
that effect or such other written opinion as may be reasonably required by IDGS. The Fin Shareholders acknowledge that the certificates
representing the IDGS Shares shall bear the following legend:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED

UNDER THE SECURITIES ACT OF 1933.
THEY MAY NOT

BE SOLD, OFFERED FOR SALE, PLEDGED,

HYPOTHECATED OR OTHERWISE TRANSFERRED
IN

THE ABSENCE OF A REGISTRATION STATEMENT
WITH

RESPECT TO THE SECURITIES UNDER SUCH
ACT AND

THE OPINION OF COUNSEL REASONABLY

SATISFACTORY TO THE COMPANY THAT
SUCH

REGISTRATION IS NOT REQUIRED OR UNLESS
SOLD

PURSUANT TO RULE 144 OR
RULE 144A OF SUCH ACT.

 

SECTION 2

REPRESENTATIONS, COVENANTS, AND WARRANTIES
OF FIN 

 

Fin hereby represents and
warrants to IDGS as follows:

 

2.1          Organization
and Good Standing. Fin is a corporation duly organized, validly existing and in good standing under the laws of the State
of Florida, and is entitled to carry on its business as and in the places where such business is now conducted. Fin is qualified
to do business as a foreign corporation in each jurisdiction, if any, in which its business requires such qualification. Fin owns
100% of the issued and outstanding capital stock of ID Solutions, Inc., a Delaware corporation and CardsPlus (Pty) Ltd., a South
African company (individually, a “Fin Subsidiary” and collectively, the “Fin Subsidiaries”).
Each Fin Subsidiary is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of formation,
with full power and authority to own, lease and operate its business and properties and to carry on its business in the places
and in the manner as presently conducted or proposed to be conducted. Each Fin Subsidiary is in good standing as a foreign corporation
in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires such qualification
except for any such failure, which when taken together with all other failures, is not likely to have a Material Adverse Effect
on the business of Fin taken as a whole. “Material Adverse Effect” shall mean any effect or change that
would be materially adverse to the business, assets, condition (financial or otherwise), operating results, operations, or business
prospects of IDGS, Fin (including the Fin Subsidiaries) or any Fin Shareholder, as the case may be, taken as a whole, or on the
ability of any party to consummate timely the transactions contemplated hereby.

 

    	 3

     

    

 

2.2          Authorization;
Enforceability; No Breach. Fin has all necessary corporate power and authority to execute this Agreement and perform its
obligations hereunder. This Agreement constitutes the valid and binding obligation of Fin enforceable against it in accordance
with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement
of creditors’ rights. The execution, delivery and performance of this Agreement by Fin and the consummation of the transactions
contemplated hereby will not:

 

(a)          violate
any provision of the Fin’s Articles of Incorporation or its Bylaws or the articles of incorporation or bylaws of a Fin Subsidiary;

 

(b)          violate,
conflict with or result in the breach of any of the terms of, result in a material modification of, otherwise give any other contracting
party the right to terminate, or constitute (or with notice or lapse of time or both constitute) a default under, any contract
or other agreement to which Fin or a Fin Subsidiary is a party or by or to which it or any of its assets or properties may be bound
or subject;

 

(c)          violate
any order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against, or binding
upon, Fin or any Fin Subsidiary or upon the properties or business of Fin or any Fin Subsidiary; or

 

(d)          violate
any statute, law or regulation of any jurisdiction applicable to the transactions contemplated herein, which could have a Material
Adverse Effect on the business or operations of Fin or a Fin Subsidiary.

 

2.3          Compliance
with Laws. Fin and the Fin Subsidiaries have complied with all federal, state, county and local laws, ordinances, regulations,
inspections, orders, judgments, injunctions, awards or decrees applicable to it or its business which, if not complied with, would
have a Material Adverse Effect on the business or financial condition of Fin or a Fin Subsidiary taken as a whole.

 

2.4          Litigation;
Actions and Proceedings. There is no outstanding order, judgment, injunction, award or decree of any court, governmental
or regulatory body or arbitration tribunal against or involving Fin or a Fin Subsidiary. There is no action, suit or proceeding
pending or threatened, or any investigation or proceeding, at law or in equity, before any arbitrator, court or other governmental
authority, pending or threatened, nor any judgment, decree, injunction, award or order outstanding, against or in any manner involving
Fin, a Fin Subsidiary or their respective properties or rights which (a) could reasonably be expected to have a Material Adverse
Effect on Fin or a Fin Subsidiary, or (b) could reasonably be expected to have a Material Adverse Effect on the consummation of
any of the transactions contemplated by this Agreement. There is no fact, event or circumstances that may give rise to any suit,
action, claim, investigation or proceeding.

 

    	 4

     

    

 

2.5          Brokers
or Finders. No broker’s or finder’s fee will be payable by Fin or a Fin Subsidiary in connection with the transactions
herein contemplated, nor will any such fee be incurred as a result of any actions by Fin or a Fin Subsidiary.

 

2.6          Assets;
Real Property. Fin and the Fin Subsidiaries own all rights, title and interest in and to their respective assets, free
and clear of all liens, pledges, mortgages, security interests, conditional sales contracts or any other encumbrances. Fin and
the Fin Subsidiaries do not own any real property.

 

2.7         Intellectual
Property; Privacy.

 

(a)          Fin
and the Fin Subsidiaries exclusively own, or has a valid and continuing license to use, all Intellectual Property that is used
in, or necessary for, the operation of the business as conducted as of the date hereof and as proposed to be conducted (collectively,
the “Company Intellectual Property”), free and clear of any encumbrance. The conduct by Fin and the Fin Subsidiaries
of its business (including its products and services) has not and does not infringe, misappropriate, dilute or otherwise violate
any other person’s Intellectual Property rights or rights in personal information or constitute unfair competition or trade
practices, and does not violate the laws of any country or jurisdiction. There is no claim, notice or litigation pending or, threatened
against Fin and the Fin Subsidiaries alleging any of the foregoing or otherwise challenging the use, ownership, licensing, validity
or enforceability of any Company Intellectual Property owned (or purported to be owned) by Fin and the Fin Subsidiaries.

 

(b)          Fin
and the Fin Subsidiaries are the sole and exclusive owner of all right, title and interest in and to its software, free and clear
of any encumbrance. All employees, consultants and other persons who contributed to the conception, creation or development of
any of the Company Intellectual Property or its software did so either (i) within the scope of his or her employment such that,
subject to and in accordance with applicable laws, all Intellectual Property rights arising therefrom became exclusively owned
by Fin and the Fin Subsidiaries, or (ii) pursuant to valid and enforceable written agreements assigning all Intellectual Property
rights therein to the Fin and the Fin Subsidiaries. No third person has infringed, misappropriated, diluted or otherwise violated
any Company Intellectual Property or its software. Fin and the Fin Subsidiaries have taken all commercially reasonable efforts
to maintain the confidentiality of all material trade secrets of Fin and the Fin Subsidiaries. 

 

(c)          Fin
and the Fin Subsidiaries are in compliance with all applicable privacy policies and all laws relating to privacy, data protection,
anti-spam, personally identifiable information, and similar consumer protection laws (collectively, “Privacy Laws and
Policies”). Fin and the Fin Subsidiaries have taken all measures reasonably necessary or appropriate to protect and maintain
the confidentiality of all personally identifiable information and other confidential customer information collected by Fin and
the Fin Subsidiaries and to maintain the security of its data storage practices, in each case, in accordance with all Privacy Laws
and Policies. Fin and the Fin Subsidiaries have not received notice of any claims or been charged with any violation of any Privacy
Laws and Policies or any failure to adequately protect or maintain the confidentiality of any personally identifiable information
and other confidential customer information. There is no investigation pending against Fin and the Fin Subsidiaries, or, threatened
against Fin and the Fin Subsidiaries, with respect to any such claim or charge, and there are no facts or circumstances which could
form the basis for any such claim or charge. There have been no data breaches involving any personally identifiable information
collected by Fin and the Fin Subsidiaries and there are no facts or circumstances, which could form the basis for any such breaches.

 

    	 5

     

    

 

2.8          Capitalization.
The authorized capital stock of Fin consists of 300,000,000 shares of common stock, par value $0.0001 per share, of which 90,000,000
shares are presently issued and outstanding. Such shares of common stock are owned of record and beneficially by the Fin Shareholders
and in the amounts reflected in Schedule A. Fin has not granted, issued or agreed to grant, issue or make available any warrants,
options, subscription rights or any other commitments of any character relating to the unissued shares of capital stock of Fin.
All of the shares of Fin common stock are duly authorized and validly issued, fully paid and non-assessable.

 

2.9          Full
Disclosure. No representation or warranty by Fin or a Fin Subsidiary in this Agreement or in any document or schedule to
be delivered by any such entity pursuant hereto, and no written statement, certificate or instrument furnished or to be furnished
to IDGS pursuant hereto or in connection with the negotiation, execution or performance of this Agreement contains, or will contain,
any untrue statement of a material fact or omits, or will omit, to state any fact necessary to make any statement herein or therein
not materially misleading or necessary to a complete and correct presentation of all material aspects of the businesses of Fin
and the Fin Subsidiaries.

 

2.10        Undisclosed
Liabilities. As of the Closing Date, Fin (including the Fin Subsidiaries) shall have no debts, liabilities or obligations
of any nature (whether accrued, absolute, contingent, direct, indirect, unliquidated or otherwise and whether due or to become
due) arising out of transactions entered into on or prior to the Closing Date, or any transaction, series of transactions, action
or inaction occurring on or prior to the Closing Date, or any state of facts or condition existing on or prior to the Closing Date
(regardless of when such liability or obligation is asserted) except such debts, liabilities or obligations that are set forth
in the Fin Subsidiaries Financial Statements.

 

2.11        State
Takeover Statutes. No “fair price,“ “moratorium,” “control share acquisition” or other
similar antitakeover statue or regulation enacted under state or federal laws in the United States, with the exception of Section
607.0902 of the Florida Business Corporations Act, applicable to Fin is applicable to the transactions contemplated by this Agreement.
The action of the Board of Directors of Fin in approving this Agreement and the transactions contemplated hereby is sufficient
to render the restrictions on “business combinations” set forth in Section 607.0902 of the Florida Business Corporations
Act inapplicable to this Agreement and the other transactions contemplated hereby.

 

2.12        Absence
of Certain Changes or Events. Since September 30, 2015, there has not been (a) any change in the business, prospects, the
financial or other condition, or the respective assets or liabilities of Fin or the Fin Subsidiaries as reflected in the Fin Financial
Statements which would have a Material Adverse Effect on Fin taken as a whole, (b) any material loss sustained by Fin or any Fin
Subsidiary, including, but not limited to any loss on account of theft, fire, flood, explosion, accident or other calamity, whether
or not insured, which has or may have a Material Adverse Effect on the operation of Fin’s business, including the Fin Subsidiaries,
or (c) to the knowledge of Fin, any event, condition or state of facts, including, without limitation, the enactment, adoption
or promulgation of any law, rule or regulation, the occurrence of which would have a Material Adverse Effect on the results of
operations or the business or financial condition of Fin or a Fin Subsidiary.

 

2.14        Employee
Matters. Fin and the Fin Subsidiary have an aggregate of 30 employees. There are no outstanding offers (whether accepted
or not) of employment made to any person by Fin or a Fin Subsidiary. Neither, Fin or any Fin Subsidiary is a party to or bound
by any collective bargaining, shop or similar agreements. Except as set forth on Schedule 2.14 hereto, neither Fin or any
Fin Subsidiary has any "employee benefit plans" including, but not limited to, bonus, pension, profit sharing, deferred
compensation, incentive compensation, excess benefit, stock, stock option, severance, termination pay, change in control or other
employee benefit plans, programs or arrangements, whether written or unwritten, qualified or unqualified, funded or unfunded, currently
maintained, or contributed to, or required to be maintained or contributed to, by Fin or an Fin Subsidiary, other than the employment
contracts, medical, dental, vision, disability, life insurance and or vacation benefits which are described on Schedule 2.14
hereof.

 

    	 6

     

    

 

2.15        Tax
Matters. Each of Fin and the Fin Subsidiaries has filed, all federal income tax returns and all other material tax returns
that it was required to file since the date of its organization. Fin and the Fin Subsidiaries have paid all taxes that it each
entity was required to pay since the date of its organization. Neither, Fin or any Fin Subsidiary is currently the beneficiary
of any extension of time within which to file any tax return. There are no liens for taxes (other than taxes not yet due and payable)
upon any of the assets of Fin or the Fin Subsidiaries. There is no material dispute or claim concerning any tax liability of Fin
or any Fin Subsidiary either (i) claimed or raised by any taxation authority in writing or (ii) as to which Fin has knowledge,
except for those reflected on the Fin Financial Statements or identified in Schedule 2.15 hereof.

 

2.16        Financial
Statements. Schedule 2.16 contains copies of the balance sheets of the Fin Subsidiaries for year ended 2014 and
2015 and the related statements of operations, stockholders’ equity and cash flows for the fiscal years then ended, including
the notes thereto, and the balance sheet of Fin Subsidiaries at September 30, 2015. (the “Fin Subsidiary Financial
Statements”).

 

2.17        Contracts.
A copy of each of the material contracts, instruments, agreements, or understandings, whether written or oral, to which Fin or
a Fin Subsidiary is a party that relates to or affects the assets or operations of Fin or a Fin Subsidiary or to which their respective
assets or operations may be bound or subject (collectively, the “Contracts”), has been provided to IDGS,
a list of which is attached hereto as Schedule 2.17. Each of the Contracts is a valid and binding obligation of either Fin
or the Fin Subsidiary, as applicable, and in full force and effect, except for where the failure to be in full force and effect
would not, individually or in the aggregate, have a Material Adverse Effect. For purposes of this Agreement a material contract
shall be any contract or agreement involving consideration in excess of $20,000. There are no existing defaults by Fin or
a Fin Subsidiary, as applicable, thereunder or, to the knowledge of Fin, by any other party thereto, which defaults, individually
or in the aggregate, would have a Material Adverse Effect.

 

2.18        Insurance.

 

(a)          An
accurate and complete description of all policies of property and other forms of insurance held by
Fin and Fin Subsidiaries has been delivered to IDSG. True and complete copies of all such insurance policies have been previously
provided to IDSG.

 

(b)          There
is no material claim pending under any of such policies as to which coverage has been questioned, denied or disputed by the underwriters
of such policies. All premiums due and payable under all such policies have been paid and Fin and Fin Subsidiaries are otherwise
in compliance in all material respects with the terms of such policies. There is no threatened termination of, or material premium
increase with respect to, any of such policies.

 

2.19        Anticorruption.

 

(a)          The
Fin Shareholders, Fin and Fin Subsidiaries, or any of its directors, officers, employees, representatives or any person generally
acting by or on behalf of any of the aforementioned, is or has at any time engaged in any activity, practice or conduct which would
constitute an offence under all applicable laws relating to anti-bribery, anti-corruption, anti-money laundering or illegal payments
and bribes and illegal political contributions and similar statutes, rules and regulations.

 

(b)          Fin
and Fin Subsidiaries have in place adequate procedures to prevent any conduct of the kind referred to in Section 2.19(a) above.

 

    	 7

     

    

 

 

(c)          The
Fin Shareholders, Fin and Fin Subsidiaries, or any of its directors, officers, employees, representatives or any person generally
acting by or on behalf of any of the aforementioned is or has been the subject of any investigation, inquiry or enforcement proceedings
by any governmental, administrative or regulatory body or any customer regarding any offence or alleged offence under applicable
laws relating to anti-bribery, anti-corruption, anti-money laundering, illegal payments and bribes and illegal political contributions
and similar statutes, rules and regulations, and no such investigation, inquiry or proceedings have been threatened or are pending
and there are no circumstances likely to give rise to any such investigation, inquiry or proceedings.

 

(d)          Without
limiting the generality of the foregoing, the Fin Shareholders, Fin and Fin Subsidiaries, or and none of its, directors, officers,
employees, representatives or any person generally acting by or on behalf of any of the aforementioned has corruptly or otherwise
offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the
giving of anything of value to: (i) any government or similar official for purposes of (A) (1) influencing any act or decision
of such official in his or her official capacity, (2) inducing such official to do or omit to do any act in violation of the lawful
duty of such official, or (3) securing any improper advantage; or (B) inducing such official to use his or her influence with a
governmental authority to affect or influence any act or decision of such governmental authority; or (ii) any person, while knowing
that all or a portion of such money or thing of value will be offered, given, or promised, directly or indirectly, to any official,
to any political party or official thereof, or to any candidate for political office, for purposes of (A) (1) influencing any act
or decision of such official, political party, party official, or candidate in his or her or its official capacity, (2) inducing
such official, political party, party official, or candidate to do or omit to do any act in violation of the lawful duty of such
official, political party, party official, or candidate, or (3) securing any improper advantage; or (B) inducing such official,
political party, party official, or candidate to use his or her or its influence with a governmental authority to affect or influence
any act or decision of such governmental authority. There has been no false or fictitious entries made in the books or records
of Fin and Fin Subsidiaries relating to any offer, payment, promise to pay, or authorization of the payment of any money, or offer,
gift, promise to give, or authorization of the giving of anything of value, including any bribe, kickback or other illegal or improper
payment, and the Company, has not established or maintained a secret or unrecorded fund.

 

2.20         
OFAC Listings. The Fin Shareholders, Fin and Fin Subsidiaries or any of its directors, officers, employees or representatives
is or has been, or is a party to any contract or agreement or understanding with any person that, is or has been, (i) identified
in the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) list of specially designated nationals
and blocked persons (the “SDN List”); (ii) owned or controlled by or acting on behalf of a person or entity in the
SDN List; (iii) otherwise the target of economic sanctions administered by OFAC; or (iv) owned or controlled by, or affiliated
to, or acting on behalf of, a person or entity that is otherwise the target of economic sanctions administered by OFAC.

 

SECTION 3

REPRESENTATIONS, COVENANTS, AND WARRANTIES

OF IDGS

 

IDGS represent and warrant
to Fin and the Fin Shareholders as follows:

 

3.1          Organization
and Good Standing. IDGS is a corporation duly organized, validly existing and in good standing under the laws of the State
of Delaware, and is entitled to own or lease its properties and to carry on its business as and in the places where such properties
are now owned, leased or operated and such business is now conducted except for any such failure, which when taken together with
all other failures, is not likely to have a Material Adverse Effect on the business of IDGS taken as a whole. IDGS is qualified
to do business as a foreign corporation in each jurisdiction, if any, in which its property or business requires such qualification.

 

    	 8

     

    

 

3.2          Authorization;
Enforceability; No Breach. IDGS has all the necessary corporate power and authority to execute this Agreement and perform
its respective obligations hereunder. This Agreement constitutes the valid and binding obligation of IDGS, enforceable against
it in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally
affecting the enforcement of creditors’ rights. The execution, delivery and performance of this Agreement by IDGS and the
consummation of the transactions contemplated hereby will not:

 

(a)          violate
any provision of the Articles of Incorporation or By-Laws of such entity;

 

(b)          violate,
conflict with or result in the breach of any of the terms of, result in a material modification of, otherwise give any other contracting
party the right to terminate, or constitute (or with notice or lapse of time or both constitute) a default under, any contract
or other agreement to which either such entity is a party or by or to which it or any of its respective assets or properties may
be bound or subject;

 

(c)          violate
any order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against, or binding
upon, either such entity, or upon its respective properties or business; or

 

(d)          violate
any statute, law or regulation of any jurisdiction applicable to the transactions contemplated herein, which could have a Material
Adverse Effect on the business or operations of either entity.

 

3.3          Compliance
with Laws. IDGS has complied with all federal, state, county and local laws, ordinances, regulations, inspections, orders,
judgments, injunctions, awards or decrees applicable to it or its respective business which, if not complied with, would have a
Material Adverse Effect on affect the business or financial condition of IDGS as a whole.

 

3.4          Litigation;
Actions and Proceedings. There is no outstanding order, judgment, injunction, award or decree of any court, governmental
or regulatory body or arbitration tribunal against or involving IDGS. There is no action, suit or proceeding pending or threatened,
or any investigation or proceeding, at law or in equity, before any arbitrator, court or other governmental authority, pending
or threatened, nor any judgment, decree, injunction, award or order outstanding, against or in any manner involving IDGS or its
respective properties or rights which (a) could reasonably be expected to have a Material Adverse Effect on IDGS, or (b) could
reasonably be expected to have a Material Adverse Effect on the consummation of any of the transactions contemplated by this Agreement.
There is no fact, event or circumstances that may give rise to any suit, action, claim, investigation or proceeding.

 

3.5          Brokers
or Finders. No broker’s or finder’s fee will be payable by IDGS in connection with the transaction contemplated
by this Agreement, nor will any such fee be incurred as a result of any actions by IDGS.

 

3.6          The
IDGS Shares. The IDGS Shares to be issued to the Fin Shareholders, on or prior to the date of issuance, will have been
duly authorized by all necessary corporate actions and when, so issued in accordance with the terms of this Agreement, will be
validly issued, fully paid and non-assessable and will not be issued in violation of the pre-emptive or similar rights of any person.

  

    	 9

     

    

 

3.7          SEC
Reports and Financial Statements.

 

(a)          IDGS
has filed or furnished all forms, documents and reports, required to be filed or furnished by it (the “IDGS SEC Documents”)
with the Securities and Exchange Commission (the “SEC”). As of their respective dates or, if amended,
as of the date of such amendment, the IDGS SEC Documents complied in all material respects with the requirements of the Securities
Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Sarbanes-Oxley Act
of 2002 (the “Sarbanes-Oxley Act”), as the case may be, and the applicable rules and regulations promulgated
thereunder, and none of the IDGS SEC Documents contained any untrue statement of a material fact or omitted to state any material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading.

 

(b)          The
audited financial statements and unaudited interim financial statements (including all related notes and schedules) of IDGS included
in the IDGS SEC Documents (the “IDGS Financial Statements”) complied as to form in all material respects
with the rules and regulations of the SEC then in effect, fairly present in all material respects the financial position of IDGS,
as at the respective dates thereof, and the results of their operations and their cash flows for the respective periods then ended
(subject, in the case of the unaudited statements, to normal recurring year-end audit adjustments that were not or are not expected
to be, individually or in the aggregate, materially adverse to IDGS), and were prepared in accordance with United States generally
accepted accounting principles (“GAAP”) applied on a consistent basis during the periods involved (except
as may be indicated therein or in the notes thereto).

 

3.8          Absence
of Certain Changes or Events. Since September 30, 2015, there has not been (a) any material adverse change in the business,
prospects, the financial or other condition, or the assets or liabilities of IDGS as reflected in the IDGS Financial Statements,
(b) any material loss sustained by IDGS, including, but not limited to any loss on account of theft, fire, flood, explosion, accident
or other calamity, whether or not insured, which has or may have a Material Adverse Effect on the operation of IDGS’s business,
or (c) to the knowledge of IDGS, any event, condition or state of facts, including, without limitation, the enactment, adoption
or promulgation of any law, rule or regulation, the occurrence of which would have a Material Adverse Effect on the results of
operations or the business or financial condition of IDGS.

 

3.9          Full
Disclosure. No representation or warranty by IDGS in this Agreement or in any document or schedule to be delivered by it
pursuant hereto, and no written statement, certificate or instrument furnished or to be furnished by IDGS pursuant hereto or in
connection with the negotiation, execution or performance of this Agreement contains, or will contain, any untrue statement of
a material fact or omits, or will omit, to state any fact necessary to make any statement herein or therein not materially misleading
or necessary to a complete and correct presentation of all material aspects of the businesses of IDGS.

 

    	 10

     

    

 

SECTION 4

REPRESENTATIONS, COVENANTS, AND WARRANTIES

OF THE FIN SHAREHOLDERS

 

Each of the Fin Shareholders
hereby represents and warrants to IDGS, Fin and the other Fin Shareholders as follows:

 

4.1          Ownership
and Restrictions on shares of Fin Common Stock. The Fin Shareholder is not a party to any agreement, written or oral, creating
rights in respect to the shares of Fin Common Stock to be exchanged for the IDGS Shares pursuant to this Agreement in any third
person or relating to the voting of the shares. The Fin Shareholder is the lawful and beneficial owner of the shares of Fin Common
Stock set forth opposite such shareholders name on Schedule A hereto, free and clear of all security interests, liens, encumbrances,
equities and other charges, except for any applicable restrictions under U.S. securities laws. There are no existing warrants,
options, stock purchase agreements, redemption agreements, restrictions of any nature, calls or rights to subscribe of any character
relating to the shares of Fin Common Stock owned by such Fin Shareholder, nor are there any securities convertible into such shares.

 

4.2          No
Registration; Shell Status. The IDGS Shares will not be registered under the Securities Act or under applicable state blue-sky
laws. IDGS is a former “shell-company” as defined in Rule 405 of the Securities Act.

 

4.3          Power
and Authority. The Fin Shareholder is authorized to enter into this Agreement and perform his obligations hereunder, and
no consent of any person is necessary in order for the Fin Shareholder to enter into and consummate the Transaction.

 

4.4          Investment
Intent. The IDGS Shares, when issued, will be acquired for the Fin Shareholder’s own account, for investment purposes
only and not with a view for distribution or resale to others. The Fin Shareholder will not sell or otherwise transfer the IDGS
Shares unless the IDGS Shares are subsequently registered under the Securities Act. IDGS is under no obligation to register the
IDGS Shares under the Securities Act. Following the issuance of the IDGS Shares, legends shall be placed on the certificates representing
the IDGS Shares to the effect that they have not been registered under the Securities Act or applicable state securities laws and
appropriate notations thereof will be made in IDGS's books and stop transfer instructions may be placed with IDGS’s transfer
agent. The acquisition of the IDGS Shares represents a high risk capital investment, and the Fin Shareholder is able to afford
an investment in a speculative venture such as IDGS. The Fin Shareholder has adequate means of providing for his current financial
needs and foreseeable contingencies and has no need for liquidity of its investment in the IDGS Shares for an indefinite period
of time. There is currently no public market for the IDGS Shares and there are no assurances a trading market will develop in the
near future, if at all; accordingly, the IDGS Shares are considered an illiquid investment. Such Fin Shareholder is fully aware
that such investments can and sometimes do result in the loss of the entire investment. The Fin Shareholder is an experienced and
sophisticated investor, is able to fend for himself in the transactions contemplated by this Agreement, and has such knowledge
and experience in financial and business matters that it is capable of evaluating the risks and merits of acquiring the IDGS Shares.
Such Fin Shareholder is an accredited investor as such term is defined under the Securities Act, and he, she or it understands
the meaning of the term “accredited investor.” Such Fin Shareholder understands that the offer and sale of the IDGS
Shares is being made only by means of this Agreement and understands that IDGS has not authorized the use of, and such Fin Shareholder
confirms that he, she or it is not relying upon, any other information, written or oral, other than material contained in this
Agreement.

 

SECTION 5

COVENANTS

 

5.1          Examinations
and Investigations. Prior to the Closing Date, the parties acknowledge that they will be entitled, through their employees
and representatives, to make such investigation and verification of the assets, properties, business and operations, books, records
and financial condition of the other, including communications with suppliers, vendors and customers, as they each may reasonably
require. No investigation by a party hereto shall, however, diminish or waiver in any way any of the representations, warranties,
covenants or agreements of the other party under this Agreement. Consummation of this Agreement shall be subject to the fulfillment
of due diligence procedures to the reasonable satisfaction of each of the parties hereto and their respective counsel.

 

    	 11

     

    

 

5.2          Expenses.
Each party hereto agrees to pay its own costs and expenses incurred in negotiating this Agreement and consummating the transactions
described herein.

 

5.3          Further
Assurances. The parties shall execute such documents and other papers and take such further actions, as may be reasonably
required or desirable, to carry out the provisions hereof and the transactions contemplated hereby. Each such party shall use its
best efforts to fulfill or obtain in the fulfillment of the conditions to the Closing, including, without limitation, the execution
and delivery of any documents or other papers, the execution and delivery of which are necessary or appropriate to the Closing.

 

5.4          Confidentiality.
In the event the transactions contemplated by this Agreement are not consummated, each of the parties hereto agree to keep confidential
any information disclosed to each other in connection therewith; provided, however, such obligation shall not apply
to information which:

 

(a)          at
the time of disclosure was public knowledge;

 

(b)          after
the time of disclosure becomes public knowledge (except due to the action of the receiving party); or

 

(c)          the
receiving party had within its possession at the time of disclosure.

 

SECTION 6

CONDUCT OF BUSINESS

 

From the date of this Agreement
until the Closing, each of IDGS, Fin and the Fin Subsidiaries shall conduct their respective businesses in the ordinary course
and consistent with prudent and past business practice, except for transactions expressly contemplated hereby, or with the prior
written consent of the other parties. Notwithstanding the foregoing, from the date of this Agreement until the Closing, Fin and
the Fin Subsidiaries will not:

 

(a)          create,
assume or suffer to exist any lien on any of its properties or assets, whether tangible or intangible;

 

(b)          sell,
assign, transfer, lease or otherwise dispose of or agree to sell, assign, transfer, lease or otherwise dispose of any its assets
or cancel any indebtedness owed to it;

 

(c)          change
any method of accounting or accounting practice used by it, other than such changes required by GAAP;

 

(d)          issue,
grant, deliver, sell, repurchase, redeem, purchase, acquire, encumber, pledge, dispose of or otherwise transfer, directly or indirectly,
any shares of capital stock of, or other equity interests in it, or securities convertible into or exchangeable for such shares
or equity interests, or issue or grant any options, warrants, calls, subscription rights or other rights of any kind to acquire
additional shares of such capital stock, such other equity interests or such securities;

 

(e)          propose
or adopt any amendment or other changes to its Articles of Incorporation, its bylaws or other governing documents;

 

    	 12

     

    

 

(f)          declare,
set aside or pay any dividend or distribution with respect to any share of its capital stock or declare or effectuate a stock dividend,
stock split or similar event;

 

(g)          issue
any note, bond, or other debt security or create, incur, assume, or guarantee any indebtedness for borrowed money or capitalized
lease obligation;

 

(h)          make
any equity investment in, make any loan, advance or capital contribution to, or acquire the securities or assets of any other person;

 

(i)           enter
into any new or additional agreements or modify any existing agreements relating to the employment of, or compensation or benefits
payable or to become payable to, any past or present officer or director or any written agreements of any of its past or present
employees;

 

(j)           make
any payments out of the ordinary course of business to any of its officers, directors, employees or shareholders;

 

(k)          pay,
discharge, satisfy or settle any liabilities (absolute, accrued, asserted or unasserted, contingent or otherwise) other than in
the ordinary course of business;

 

(l)           agree
in writing or otherwise take any action that would, or would reasonably be expected to, prevent, impair or materially delay its
ability to consummate the transactions contemplated by this Agreement;

 

(m)         form
or acquire any subsidiaries; or

 

(n)         agree
or commit to take any of the actions specified in this Section 6.

 

SECTION 7

CONDITIONS PRECEDENT TO CLOSING

 

7.1          Conditions
Precedent to the Obligation of IDGS to Close. The obligations of IDGS to effect and consummate the transactions contemplated
hereby are subject to the fulfillment or satisfaction, prior to or on the Closing Date, of the following conditions; provided
that these conditions are for IDGS’s sole benefit and may be waived only by IDGS at any time in its sole discretion by providing
Fin and the Fin Shareholders with prior written notice thereof:

 

(a)          Representations,
Warranties, Covenants and Agreements. The representations and warranties of Fin, the Fin Subsidiaries and each Fin Shareholder
herein shall be true and correct as of the date when made and as of the Closing Date as though made at that time (except for representations
and warranties that speak as of a specific date, which shall be true and correct as of such date), and each of Fin, the Fin Subsidiaries
and the Fin Shareholders shall have performed, satisfied and complied with the covenants, agreements and conditions required by
this Agreement to be performed, satisfied or complied with by them at or prior to the Closing Date.

 

(b)          Fin
Board Approval. Fin’s Board of Directors shall have adopted, and not rescinded or otherwise amended or modified,
resolutions authorizing Fin and the Fin Subsidiaries to enter into this Agreement and the consummation of the transactions contemplated
hereby and thereby.

 

    	 13

     

    

 

(c)          No
Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation
of any of the transactions contemplated by this Agreement.

 

(d)          No
Material Adverse Changes. There shall have been no adverse effect on the business, operations, properties,
prospects or financial condition of Fin or any Fin Subsidiary that would have a Material Adverse Effect on Fin, taken as a whole.

 

(e)          Financial
Statements. The IDGS Board of Directors shall have determined in its sole discretion that the Fin Subsidiaries will be
able to timely deliver the unaudited financial statements for the years ended 2013 and 2014, together with such unaudited interim
period financial statements as shall be necessary to satisfy the rules and regulations of the SEC (the “Fin Subsidiary
Financial Statements”). The Fin Subsidiary Financial Statements shall have been prepared in accordance with GAAP
applied on a consistent basis during the periods involved (except as may be indicated therein or in the notes thereto) and the
rules and regulations of the SEC and shall be accompanied by the unqualified opinion of an auditor acceptable to the IDGS Board
of Directors.

 

(f)          Participation
of Fin Shareholders. The holders of 100% of the outstanding shares of Fin Common Stock shall participate in the transactions
contemplated by this Agreement.

 

7.2.         Conditions
Precedent to the Obligation of Fin and the Fin Shareholders to Close. The obligations of each of Fin and the Fin Shareholders
to effect and consummate the transactions contemplated hereby are subject to the fulfillment or satisfaction, prior to or on the
Closing Date, of the following conditions; provided that these conditions are for Fin’s and the Fin Shareholders’
sole benefit and may be waived only by either Fin or the Fin Shareholders, as applicable, at any time in their sole discretion
by providing IDGS with prior written notice thereof:

 

(a)          Representations,
Warranties, Covenants and Agreements. The representations and warranties of IDGS herein shall be true and correct as of
the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak
as of a specific date, which shall be true and correct as of such date), and each of IDGS shall have performed, satisfied and complied
with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by them at
or prior to the Closing Date. Fin shall have received a certificate, executed by IDGS, dated as of the Closing Date, to the foregoing
effect and as to such other matters as may be reasonably requested by Fin.

 

(b)          Resolutions.
The IDGS Board of Directors shall have adopted, and not rescinded or otherwise amended or modified, resolutions authorizing IDGS’s
entry into this Agreement and the consummation of the transactions contemplated hereby and thereby, including the issuance of the
IDGS Shares.

 

(c)          No
Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation
of any of the transactions contemplated by this Agreement.

 

    	 14

     

    

  

SECTION 8

SURVIVAL OF REPRESENTATIONS AND WARRANTIES
OF IDGS

 

Notwithstanding any right
of Fin and the Fin Shareholders to fully investigate the affairs of IDGS, Fin and the Fin Shareholders shall have the right to
rely fully upon the representations, warranties, covenants and agreements of IDGS contained in this Agreement or in any document
delivered to Fin and/or the Fin Shareholders by IDGS or any of its respective representatives, in connection with the transactions
contemplated by this Agreement. All such representations, warranties, covenants and agreements shall survive the execution and
delivery hereof and the Closing Date hereunder for 12 months following the Closing.

 

SECTION 9

SURVIVAL OF REPRESENTATIONS AND WARRANTIES
OF FIN AND THE FIN SHAREHOLDERS

 

Notwithstanding any right
of IDGS to fully investigate the affairs of Fin and the Fin Subsidiaries, IDGS has the right to rely fully upon the representations,
warranties, covenants and agreements of Fin, the Fin Subsidiaries and the Fin Shareholders contained in this Agreement or in any
document delivered to IDGS by the Fin, the Fin Subsidiaries and/or the Fin Shareholders or any of its or their representatives,
in connection with the transactions contemplated by this Agreement. All such representations, warranties, covenants and agreements
shall survive the execution and delivery hereof and the Closing Date hereunder for 12 months following the Closing.

 

SECTION 10

TERMINATION AND AMENDMENT

 

10.1        Termination.
This Agreement may be terminated prior to the Closing as follows:

 

(a)          Termination
by Mutual Consent. This Agreement may be terminated at any time prior to the Closing by mutual written consent of the parties
hereto.

 

(b)          Termination
by Either Fin or IDGS. This Agreement may be terminated by either Fin or IDGS at any time prior to the Closing as follows:

 

(i)          if
the Closing has not occurred by February 26, 2016 (the “Outside Date”), except that the right to terminate
this Agreement under this clause will not be available to any party whose failure to fulfill any of its obligations under this
Agreement has been a principal cause of, or resulted in, the failure to consummate the Closing by such date; or

 

(ii)         if
any law or governmental authority prohibits consummation of the Closing or if any order, judgment, injunction, award, decree or
writ handed down, adopted or imposed by, any court of competent jurisdiction or governmental authority restrains, enjoins or otherwise
prohibits consummation of the Closing, and such order, judgment, injunction, award, decree or writ has become final and nonappealable.

 

(c)          Termination
by Fin. This Agreement may be terminated by Fin at any time prior to the Closing if a breach or failure of any representation,
warranty or covenant of IDGS contained in this Agreement shall have occurred, which breach (A) would reasonably be expected to
give rise to the failure of a condition set forth in Section 7.2; and (B) as a result of such breach, such condition would not
be capable of being satisfied prior to the Outside Date; provided that neither Fin, a Fin Subsidiary or a Fin Shareholder
is in material breach of its respective obligations under this Agreement.

 

    	 15

     

    

 

(d)          Termination
by IDGS. This Agreement may be terminated by IDGS at any time prior to the Closing, if a breach or failure of any representation,
warranty or covenant of Fin, a Fin Subsidiary or a Fin Shareholder contained in this Agreement shall have occurred, which breach
(A) would reasonably be expected to give rise to the failure of a condition set forth in Section 7.1 and (B) as a result of such
breach, such condition would not be capable of being satisfied prior to the Outside Date; provided that IDGS is not
in material breach of its respective obligations under this Agreement.

 

(e)          Effect
of Termination. If this Agreement is terminated pursuant to this Section 10, it will become void and of no further force
and effect, with no liability on the part of any party (or any of their respective former, current, or future general or limited
partners, shareholders, stockholders, managers, members, directors, officers, affiliates or agents), except that the provisions
of this Section 10 will survive any termination of this Agreement; provided, however, that nothing herein shall relieve
any party (or any of their respective directors or officers) from liabilities for damages incurred or suffered by another party
as a result of any fraud perpetrated, conspired in or otherwise committed by such party (or any of their respective directors or
officers) or any knowing or intentional breach by a party of any of its representations, warranties, covenants or other agreements
set forth in this Agreement that caused, or would reasonably be expected to cause, any of the conditions set forth in Sections
7.1 or 7.2, as applicable, not to be satisfied.

 

10.2        Amendment
of Agreement. This Agreement may be amended by the parties at any time prior to the Closing; provided, that
(a) no amendment that requires stockholder approval under applicable laws, rules and regulations will be made without such required
further approval and (b) such amendment has been duly authorized or approved by the parties. This Agreement may not be amended,
modified or supplemented except by an instrument in writing signed by Fin, the Fin Shareholders and IDGS. Any such amendment shall
apply to, and bind all parties.

 

SECTION 11

INDEMNIFICATION

 

11.1        Obligation
of IDGS to Indemnify. Subject to the limitations on the survival of representations and warranties contained in Section
9, IDGS hereby agree to indemnify, defend and hold harmless Fin and each of the Fin Shareholders from and against any losses, liabilities,
damages, deficiencies, costs or expenses (including interest, penalties and reasonable attorneys’ fees and disbursements)
(a “Loss”) based upon, arising out of, or otherwise due to any inaccuracy in or any breach of any representation,
warranty, covenant or agreement of IDGS contained in this Agreement or in any document or other writing delivered pursuant to this
Agreement.

 

11.2        Obligation
of Fin and the Fin Subsidiaries to Indemnify. Subject to the limitations on the survival of representations and warranties
contained in Section 9, each of Fin and the Fin Subsidiaries agrees to indemnify, defend and hold harmless IDGS from and against
any Loss based upon, arising out of, or otherwise due to any inaccuracy in or any breach of any representation, warranty, covenant
or agreement made by any of them and contained in this Agreement or in any document or other writing delivered pursuant to this
Agreement.

 

11.3        Obligation
of the Fin Shareholders to Indemnify. Subject to the limitations on the survival of representations and warranties contained
in Section 9, each of the Fin Shareholders severally agrees to indemnify, defend and hold harmless IDGS, Fin and the remaining
Fin Shareholders to the extent provided for herein from and against any Loss based upon, arising out of, or otherwise due to any
inaccuracy in or any breach of any representation, warranty, covenant or agreement made by any of them and contained in this Agreement
or in any document or other writing delivered pursuant to this Agreement.

 

    	 16

     

    

 

SECTION 12

POST-CLOSING COVENANTS

 

12.1        Liability
Payments. IDGS agrees and acknowledges that following the Closing, ID Solutions, Inc., a Delaware corporation and
a wholly owned subsidiary of FIN (“IDS”), will pay the outstanding 2015 corporate tax liability in the amount of $113,565.24
in full when such payment is due. Further, the parties acknowledge and agree that the certain 12% Convertible Promissory Note due
September 25, 2016 payable by IDGS to IDS (the “IDS Note”) will be assigned and transferred to a third party at the
sole election of IDS prior to Closing (the “Third Party”). Immediately following the Closing, the parties agree that
the cash available to IDS shall be utilized as follows: (i) a payment in the amount of $180,814.23 shall be made to the Third Party
in full satisfaction of the IDS Note and (ii) a payment of $113,565.24 shall be made to IDGS against that certain invoice in the
amount of $500,000.00 payable by IDS to IDGS.

 

SECTION 13

MISCELLANEOUS

 

13.1        Waivers.
The waiver of a breach of this Agreement or the failure of any party hereto to exercise any right under this agreement shall in
no event constitute waiver as to any future breach whether similar or dissimilar in nature or as to the exercise of any further
right under this Agreement.

 

13.2        Binding
Agreement; Assignment. This Agreement shall be binding upon the parties hereto and their respective heirs, legal representatives,
successors and permitted assigns. This Agreement is not assignable except by operation of law.

 

13.3        Notices.
Any notice or statement given under this Agreement shall be deemed to have been given if sent by certified mail, return receipt
requested, overnight courier or personal delivery, to the other party(ies) at the addresses indicated above or on Schedule A hereto
or at such other address or number as may be furnished in writing in accordance with this paragraph.

 

13.4        Governing
Law; Venue. This Agreement shall be governed and construed in accordance with the laws of the State of Delaware, without
regard to the conflicts of law provisions thereof. Each party hereby irrevocably submits to the exclusive jurisdiction of the state
and federal courts sitting in Seminole County, State of Florida, for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert
in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such
suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.
Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof to such party at the address for such notices to it under this agreement and agrees that
such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law. If any provision of this agreement shall be invalid
or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the
remainder of this agreement in that jurisdiction or the validity or enforceability of any provision of this agreement in any other
jurisdiction. EACH PARTY HERETO IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY.

 

    	 17

     

    

 

13.5        Entire
Agreement. This Agreement (including the Exhibits and Schedules hereto) and the collateral agreements executed in connection
with the consummation of the transactions contemplated herein contain the entire agreement among the parties with respect to the
transaction and issuance of the IDGS Shares and related transactions, and supersede all prior agreements, written or oral, with
respect thereto.

 

13.6        Headings.
The headings in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of
this Agreement.

 

13.7        Severability
of Provisions. The invalidity or unenforceability of any term, phrase, clause, paragraph, restriction, covenant, agreement
or other provision of this Agreement shall in no way affect the validity or enforcement of any other provision or any part thereof.

 

13.8        Counterparts;
Facsimile. This Agreement may be executed in any number of counterparts, each of which, when so executed, shall constitute
an original copy hereof, but all of which together shall consider but one and the same document. This Agreement may be executed
and delivered by facsimile transmission or pdf via email and when so executed and delivered shall have the same effect as if the
receiving party had received an original counterpart of this Agreement.

 

IN WITNESS WHEREOF,
the parties have executed this Agreement on the date first above written.

 

	 	ID GLOBAL SOLUTIONS CORPORATION
	 	 
	 	By:	 /s/ Thomas Szoke
	 	 	Thomas Szoke, Chief Executive Officer
	 	 
	 	FIN HOLDINGS, INC.
	 	 
	 	By:	 /s/ Douglas Solomon
	 	 	Douglas Solomon, Director

 

    	 18

     

    

 

Schedule A

 

IDGS and Fin Holdings Shares Exchange

 

	Shareholder	 	Shares 
 Currently 
 Held in FIN	 	 	Shares in 
 IDGS	 
	Douglas Solomon	 	 	56,389,235	 	 	 	14,638,308	 
	Imagen Consulting Limited	 	 	19,294,556	 	 	 	5,074,990	 
	Hendrik Bronkhorst	 	 	2,000,000	 	 	 	500,000	 
	Alexander Solovey	 	 	200,000	 	 	 	50,000	 
	Leonid  Astakhov	 	 	45,000	 	 	 	11,250	 
	Maxim Umarov	 	 	2,500,000	 	 	 	0	 
	Sergey Plusnin	 	 	10,000	 	 	 	2,500	 
	Darrell Geusz	 	 	20,000	 	 	 	5,000	 
	Aleksandr Mosunov	 	 	262,500	 	 	 	65,625	 
	Fedor Bokov	 	 	100,000	 	 	 	25,000	 
	Behnam Bavarian	 	 	7,047,757	 	 	 	1,761,939	 
	Gilbert I Cardwell III	 	 	100,000	 	 	 	25,000	 
	John R. McCowan	 	 	50,000	 	 	 	12,500	 
	Nader Nemati	 	 	50,000	 	 	 	12,500	 
	Noureddine M Harche	 	 	50,000	 	 	 	12,500	 
	Ying Luo	 	 	200,000	 	 	 	50,000	 
	Trevor James	 	 	1,069,400	 	 	 	0	 
	Andre' Maree'	 	 	536,552	 	 	 	234,138	 
	Eduardo Michel	 	 	75,000	 	 	 	18,750	 
	 	 	 	 	 	 	 	 	 
	Total Exchanged Shares	 	 	90,000,000	 	 	 	22,500,000	 

 

    	 19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]