Document:

Exhibit 10.16

 

BUSINESS LOAN AND SECURITY AGREEMENT

 

[Monthly Financing ID # 1424316446 - 5114071400  ]

 

This Business Loan and Security Agreement (this
"Agreement") dated July 14, 2014 is between American Express Bank, FSB ("Lender") and
the borrower listed below ("Borrower").

 

 

 

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1.       Parties;
Definitions. In this Agreement, the words "you" and "your" refer to Borrower. The words "we",
"us" and "our" refer to Lender and its successors or assigns, including any "Assignee" as defined
in Section 13.

 

2.       Effective
Date; Term. The term of this Agreement (the "Term") begins on the date we accept it at our home office
in the State of Utah by signing it or sending you the Initial Loan, whichever is earlier (the "Effective Date"),
and continues for a period 365 days after the disbursement of the initial Loan (the "Initial Term").After the Initial
Term, the Agreement will remain in effect for successive one year periods (each a "Renewal Term") unless terminated
by either party by giving written notice to the other at least sixty (60) days prior to end of the Initial Term or any Renewal
Term (a "Termination Notice"). Upon delivery of a Termination Notice, the Agreement shall end as of the last day
of the Initial Term or Renewal Term (the "Termination Date"). However, if the principal amount of all Loans, all
Loan Fees and all other amounts due under this Agreement (such sum, the "Outstanding Balance") have been paid
prior to the Termination Date, and you have done everything else you are required to do under this Agreement, at your election
and with 10 days notice to us prior to the next Disbursement Date, the Term will end and you will have no further obligations to
us under this Agreement (other than those obligations that expressly survive the expiration or termination of this Agreement pursuant
to the terms hereof).

 

3. Loans. Subject to
Section 2, we agree to lend to you the Initial Loan. You understand and agree that we are not required to send you the
Initial Loan until you have provided us with all documents and fully met all conditions required by this Agreement. If there
is a delay in your receipt of the Initial Loan for these or any other reasons, you agree that there will be no adverse
consequence to us. Subject to the terms and conditions set forth in this Agreement, on a fixed day of each month occurring
after the Effective Date and the disbursement of the Initial Loan (each, a "Disbursement Date") (unless such
day is not a business day for us, in which case the Disbursement Date for such month will be the immediately succeeding
business day) we agree to lend (each such loan, a "Loan" and collectively with the Initial Loan, the
"Loan") you an amount not to exceed the Loan Amount for such month, provided that no Loan shall be for an
amount less than $10,000 (the “Minimum Loan Amount"). We will notify you in writing of the Disbursement
Date and the date the Initial Term ends; you and we agree that the Disbursement and Termination Dates set forth in such
notice constitute a part of and are incorporated into this Agreement. For purposes hereof, "Loan Amount" for
any month shall mean an amount not to exceed (a) for each month in the first six (6) month period of this Agreement, the
amount set out in Section B above as the Initial Loan and (b) for each month in any additional six (6) month period of this
Agreement "Subsequent Period", the amount notified to you at least fifteen (15) days prior to the first
scheduled Disbursement Date occurring in the applicable Subsequent Period, provided that the Loan Amount for any month
may not exceed $1,000,000. For purposes hereof, "Settlement Amounts" shall mean, for any applicable period,
the sum of (i) all proceeds, settlements, payments or other amounts("Amex Settlement Amounts") with respect
to all forms of American Express bank cards and other American Express payment devices used by you for electronic
transactions (whether or not such devices were in use when this Agreement was made), including credit, debit, charge, smart,
electronic benefit transfer, contactless and RFID-enabled cards ("Amex Cards") that you receive, and (ii)
all proceeds, settlements, payments or other amounts (other than Amex Settlement Amounts) ("Other Network Settlement
Amounts") with respect to all forms of bank cards and other payment devices used by you for electronic transactions
(whether or not such devices were in use when this Agreement was made), including credit, debit, charge, smart, electronic
benefit transfer, contactless and RFID-enabled cards (other than Amex Cards), ("Other Network Cards",
together with the Amex Cards, collectively, the "Cards") that you receive.

 

4.       Procedure for
Loans.

 

4.1. No obligation.
We have no obligation to make a Loan on any Disbursement Date if, as of such Disbursement Date, the Loan Amount is less
than (a) the Outstanding Balance as of the business day prior to such Disbursement Date, or (b) the Minimum Loan Amount.

 

4.2. Disbursements
of Loan. On the applicable Disbursement Date, if no Event of Default has occurred and is continuing, we will initiate payment
of the applicable Loan Amount for such Disbursement Date (such amount, the "Disbursement Amount") to the Designated
Account (as defined in Section 7.7 of this Agreement). If there are any Past Due Amounts as of a Disbursement Date, the Disbursement
Amount will be reduced by an amount equal to the Past Due Amounts as of such Disbursement Date. In the event that we attempt to
withdraw funds from the Designated Account pursuant to Section 7.2(i) and there are insufficient funds to repay the Outstanding
Balance, no additional Loans will be made until the Outstanding Balance is repaid in full; once the Outstanding Balance has been
repaid in full, disbursements of new Loans will resume on the next Disbursement Date in accordance with this Section 4.2. We are
not responsible for any delays in your receipt of the Loan Amount caused by error or delay in the banking system.

 

5.       Use
of Loan Proceeds. You represent to us and agree that the principal amount of all Loans will be used for business
purposes only. Such business purposes would (by way of illustration and not limitation) typically include: (a) payment of
employee payroll and benefit expenses, (b) buying merchandise, inventory or related goods you will rent or sell to your
customers, (c) buying equipment or other goods for use in your business, (d) training or other services needed by your
business, and/or (e) making improvements to your business location (but not to buy real estate). You represent and warrant
that you will not use any portion of any Loan to repay any outstanding debt or satisfy any obligation to any of Lender's
affiliates, including, without limitation, American Express Travel Related Services Company, Inc. ("AETRS").
REGARDLESS OF ANYTHING ELSE STATED IN THIS AGREEMENT, YOU ACKNOWLEDGE AND AGREE THAT: (A) YOU WILL USE THE PRINCIPAL AMOUNT
OF THE LOANS (AND THE GOODS OR SERVICES YOU BUY WITH THE PRINCIPAL AMOUNT) SOLELY FOR BUSINESS PURPOSES AND NOT FOR CONSUMER,
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES; (B) YOU WILL NOT USE THE PRINCIPAL AMOUNT OF THE LOANS TO FUND DIVIDENDS OR
DISTRIBUTIONS TO YOUR SHAREHOLDERS, PARTNERS, MEMBERS OR OTHER OWNERS OF AN EQUITY INTEREST IN YOUR BUSINESS; AND (C) THIS
LOAN IS NOT A "CONSUMER TRANSACTION" AS DEFINED IN THE UNIFORM COMMERCIAL CODE ("UCC").

 

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6.       Promise
to Pay. In exchange for us loaning you the Loans, you unconditionally promise to pay us the principal amount of the Loans,
the Loan Fees and all other amounts this Agreement requires you to pay. You agree to make payments to us in the manner stated in
Section 7 of this Agreement. As part of your agreement to repay us without conditions, you waive (both as to the original Loans
and any renewal, extension, refinancing or consolidation of the Loans): (a) protest, demand and presentment; (b) notice of dishonor,
protest or suit; (c) all other notices or requirements necessary to hold you liable hereunder; and (d) all rights of exemption
under the constitution or laws of any state as to real or personal property. YOU AGREE THAT YOUR OBLIGATIONS UNDER THIS AGREEMENT
ARE ABSOLUTE AND UNCONDITIONAL, AND SHALL CONTINUE IN FULL FORCE AND EFFECT REGARDLESS OF ANY CIRCUMSTANCE WHATSOEVER, AND THAT
SUCH OBLIGATIONS SHALL NOT BE AFFECTED BY ANY COUNTERCLAIM, SET-OFF, RECOUPMENT, OFFSET, DEFENSE OR OTHER ALLEGED RIGHT AGAINST
US.

 

7.       Method of Repayment.

 

7.1. Payment through Settlement Amounts.

 

(a)       Repayment
Rate. The Repayment Rate is set forth in Section B of this Agreement.

 

(b)       Intentionally
Omitted.

 

(c)       Settlement
Amounts. We will receive (through your Card Processor (as defined below) in the Transfer Account (as defined in Section 7.8
of this Agreement)) the Settlement Amounts. Subject to the terms and conditions of this Agreement and except as otherwise provided
herein, we will pay to you to the Designated Account all Settlement Amounts received in the Transfer Account (subject in all cases
to the Minimum Account Balance) less the Repayment Rate of such Settlement Amounts; provided that, notwithstanding anything in
this Agreement or your agreement with your Card Processor to the contrary, you acknowledge and agree that (x) such amounts paid
to you with respect to the Settlement Amounts may be delayed by one (1) or more business days and that we have no liability for
such delay, (y) debits from the Transfer Account made by your Card Processor may reduce the funds available for payment of the
Loans and distribution to you, and (z) we shall have no liability for any failure, refusal, or delay of any third party processor
to make payment into the Transfer Account. For purposes of this Agreement, "Card Processor" means the third party
acquirer or other service provider that pays you the Settlement Amounts.

 

(d)       YOU
ACKNOWLEDGE AND AGREE THAT WE ARE MAKING YOU A LOAN AND NOT AN OUTRIGHT PURCHASE OR DISCOUNTING OF RECEIVABLES. YOU MUST PAY US
ALL AMOUNTS DUE UNDER THIS AGREEMENT WHETHER OR NOT THE SETTLEMENT AMOUNTS ARE ENOUGH TO PAY THOSE AMOUNTS.

 

7.2. Authorization
to Withdraw from Designated Accounts Upon Certain Events. You and each Principal that has executed this Agreement (each,
a "Signing Principal") hereby irrevocably authorize us (such authorization being coupled with an interest) to debit or
otherwise withdraw (via the ACH system, electronic checks, wires or otherwise) any funds we are entitled to receive under this
Agreement from any deposit accounts owned or controlled by you, including without limitation, the Designated Account, upon the
occurrence of either of the following (i) if, as of the business day immediately prior to the next Disbursement Date, the Outstanding
Balance is greater than 30% but less than 50% of the prior Loan Amount, or (ii) an Event of Default. This authorization may not
be revoked until we have received the entire principal amount of the Loans, the Loan Fees and any other amounts owed to us under
this Agreement and the Lender has no further obligation hereunder to make Loans to you. You and each Signing Principal acknowledge
and agree that we may issue pre-notifications to your bank(s) with respect to such debits, withdrawals and other transactions.
Further, you and each Signing Principal agree that you shall provide such information and execute such documents to enable us to
make such debits as may be reasonably requested by the financial institution(s) at which such deposit accounts are held. Within
two business days of any request by us, you shall provide, or cause the applicable financial institutions to provide, us with records
and/or other information regarding the Designated Account and any other such deposit accounts owned or controlled by you. You and
each Signing Principal hereby authorize and direct the applicable financial institutions to provide us with all such information
at the Borrower's expense.

 

7.3. Scheduled Payments;
Due Date; Repayment Rate Adjustment.

 

(a)       We
will apply an amount equal to the Repayment Rate of the Settlement Amounts we receive in the Transfer Account pursuant to Section
7.1(c) of this Agreement (collectively, "Loan Remittances") to the amounts you owe us. We will maintain, in accordance
with our customary procedures, a loan account in your name in which we will record the date and amount of each Loan and the date
and amount of each payment in respect of the Loans (including all Loan Remittances); provided, however, our failure to record
the date and amount of any Loan shall not adversely affect us. Each month, we shall make available to you a statement showing the
accounting for the Loans made, and the payments made or credited in respect thereof. The monthly statements shall be deemed correct
and binding upon you in the absence of manifest error and shall constitute an account stated between us and you unless we receive
a written statement of your specific exceptions thereto within thirty (30) days after such statement is received by you. Our records
with respect to the loan account shall be conclusive evidence absent manifest error of the amounts of Loans and other charges thereto
and of payments applicable thereto.

 

 

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(b)       Each
Loan, together with the any Loan Fees as described in Section 7.4, is due and payable in full on the earlier of (i) the
business day immediately prior to the next Disbursement Date, or (ii) the date the amounts due under Agreement are
accelerated pursuant to Section 9.2. Any amounts that remain unpaid after such date will be deemed to be past due ("Past
Due Amounts").

 

(c) Upon the Termination
Date, the Outstanding Balance, if any, is immediately due and payable in full. Such payment shall be made promptly by check or
wire transfer. Thereafter, until the Outstanding Balance is paid in full, the Repayment Rate will be increased to 100%, and your
obligations under this Agreement shall continue in full force and effect.

 

(d)       After
the occurrence and during the continuance of an Event of Default, we also will have the right, but not the obligation, in our sole
credit judgment to (i) increase the Repayment Rate, temporarily or permanently, and/or (ii) reduce the amount that we would otherwise
lend to you on each Disbursement Date (it being acknowledged and agreed that the amount that we would otherwise lend to you may
be reduced to zero dollars ($0)). OUR RIGHTS UNDER THIS SECTION 7.3(d) ARE IN ADDITION TO, AND DO NOT LIMIT IN ANY WAY, OUR
RIGHTS AND REMEDIES UNDER SECTION 9.2.

 

(e)     (e) It is
possible to calculate an implicit interest rate based upon the principal amount of the Loans advanced, the date and amount of
payments received with respect to the Loan and any Loan Fees or other fees paid (the "Implicit Rate"). However,
this Agreement does not have an interest rate and you agree that, other than as provided in Section 15, we have no obligation
to adjust either the Repayment Rate or amount of the Loan Fees if your volume of Loan Remittances is greater or less than what
either of us anticipated at the time we made this Agreement. You also acknowledge and agree that, if your volume of Loan Remittances
is greater than what either of us anticipated at the time we made this Agreement or you incur fees, the effective interest rate
under this Agreement may be higher than the Implicit Rate.

 

7.4. Fees.
Subject to Section 15, upon the disbursement of the Initial Loan and on each Disbursement Date thereafter, regardless of whether
a Loan is disbursed on such date, you agree we shall have fully earned a non-refundable fee (each, a "Loan Fee", and
collectively, the "Loan Fees") equal to 0.67% of the Outstanding Balance as of such date. For the avoidance of doubt,
(i) upon the disbursement of the Initial Loan, the Outstanding Balance will be equal to the amount of the Initial Loan, (ii) following
the disbursement of the Initial Loan, the calculation of the Outstanding Balance on any Disbursement Date will include the applicable
Loan Amount disbursed to you on such Disbursement Date together with any Past Due Amount, (iii) the Outstanding Balance on which
the Loan Fee is assessed may include amounts attributable to prior Loan Fees, and (iv) the inclusion of any Past Due Amount in
the calculation of the Outstanding Balance for purposes of this Section 7.4 does not affect the status of such amounts as being
past due.

 

7.5. Intentionally
Omitted.

 

7.6. Contact With
Card Processors. You hereby (a) authorize us to contact any of your or your predecessors' past, present or future Card
Processors to obtain any information that we deem necessary or appropriate regarding any of your or their transactions with such
Card Processors, and (b) authorize and direct such Card Processors to provide us with all such information at the Borrower's expense.

 

7.7. Designated Account.
The "Designated Account" is the bank account in which you receive settlements for Card transactions from
your Card Processor. You represent, warrant and agree that, as of the Effective Date, the bank account listed on Section A of this
Agreement (a) was established for business purposes and continues to be used for business purposes and (b) is the Designated Account.
If we or any of our Affiliates transfer to the Designated Account, any other account held by you, or any account held by one of
your owners, shareholders, partners, members, principals, officers, directors or employees (each, a "Principal"),
any funds that should have been applied to the amounts due to us under this Agreement, or if you otherwise have monies deposited
in your or any Balance is greater than 20% but less than 50% of the prior Loan Amount, or (ii) an Event of Default. This authorization
may not be revoked until we have received the entire principal amount of the Loans, the Loan Fees and any other amounts owed to
us under this Agreement and the Lender has no further obligation hereunder to make Loans to you. You and each Signing Principal
hereby further irrevocably authorize us (such authorization being coupled with an interest) to apply any funds we receive in the
Transfer Account to the amounts you owe us in accordance with the terms and conditions of this Agreement, and this authorization
may not be revoked until we have received the entire principal amount of the Loans, the Loan Fees and any other amounts owed to
us under this Agreement and the Lender has no further obligation hereunder to make Loans to you. Without limiting the generality
of the foregoing, you and each Signing Principal hereby acknowledge and agree that funds received in the Transfer Account may be
applied to the obligations owed to us under this Agreement in accordance with the terms set forth in Section 7 hereof.

 

(b)       The
Settlement Amounts on deposit in the Transfer Account and constituting Transfer Funds shall be subject at all times to a reserve
in an amount no less than [$0.00] (as may be adjusted from time to time under this Agreement, the "Minimum Account Balance").
Borrower agrees that any and all initial Settlement Amounts received in the Transfer Account shall be used to satisfy the required
Minimum Account Balance. Notwithstanding anything in this Agreement to the contrary, you acknowledge and agree that if the amount
of Transfer Funds on deposit in the Transfer Account at any time and from time to time does not meet or falls below the Minimum
Account Balance, the Loans and the amounts paid to you with respect to the Settlement Amounts shall be suspended or terminated,
at the option of the Lender, unless and until the Minimum Account Balance in the Transfer Account is restored. Without limiting
the foregoing, upon demand by the Lender, Borrower shall deposit with the Lender (for further distribution to the Transfer Account)
additional cash to restore the Minimum Account Balance at any time and from time to time.

 

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(c)       Borrower
agrees to reimburse the Lender for all fees, costs and expenses incurred by the Lender in connection with the Transfer Account
related to a rejected ACH transaction.

 

(d)       Borrower
hereby (i) authorizes Lender, or Lender's designee, to open an account with Wells Fargo Bank, N.A. titled in the name of Lender,
or Lender's designee, for the benefit of the Borrower (the "Transfer Account") and (ii) agrees to provide to
Lender and Wells Fargo Bank, N.A. all information, documents and agreements and take any other actions required by federal regulations,
Wells Fargo Bank, N.A. procedure or otherwise to open the Transfer Account. For the avoidance of doubt, Borrower shall have no
right to, or right of ownership in, the Transfer Account or the Transfer Funds at any time. If this Agreement is executed and
delivered Principal's accounts that otherwise should have been applied to amounts due to us under this Agreement, you immediately
shall pay or cause the Principal to pay to us all such funds.

 

7.8. Transfer Account.

 

(a) Borrower has instructed,
and shall cause, its Card Processors to immediately forward all Settlement Amounts to the Transfer Account. Lender may transfer
the funds on deposit in the Transfer Account to an account owned by Lender and commingled with the general funds of Lender and
no such amounts shall be deemed to be held in trust for the benefit of Borrower. Borrower hereby represents, warrants and agrees
that, all Settlement Amounts shall immediately be paid to the Transfer Account. If Borrower receives any Settlement Amounts, Borrower
shall, promptly upon receipt and in any event within one (1) business day of receipt thereof, forward such Settlement Amount directly
to the Transfer Account in the form received, together with any necessary endorsements, in form and substance acceptable to Lender.
Until so forwarded, such Settlement Amounts shall be held in trust for the benefit of the Lender. For the avoidance of doubt, all
collected and available funds in the Transfer Account (the "Transfer Funds") shall at all times be under the sole
dominion and control of Lender, and Borrower shall have no right to withdraw, transfer, have control over the use of or otherwise
have access to, either the Transfer Account or the Transfer Funds at any time. No interest shall be payable on the Transfer Funds.
You and each Signing Principal hereby irrevocably authorize us (such authorization being coupled with an interest) to debit or
otherwise withdraw (via the ACH system, electronic checks, wires or otherwise) any funds we are entitled to receive under this
Agreement from the Transfer Account upon the occurrence of either of the following (i) if, as of the business day immediately prior
to the next Disbursement Date, the Outs by the Borrower and the Lender prior to the opening of the Transfer Account, if Other Network
Settlement Accounts are not received in the Transfer Account within 30 days of the date of this Agreement, then this Agreement
may be terminated immediately upon notice by the Lender to Borrower in accordance with the terms of this Agreement and upon such
termination, the Outstanding Balance, if any, is immediately due and payable in full in accordance with the terms of this Agreement.

 

(b)       Notwithstanding
anything to the contrary herein, you agree that notices related to the Transfer Account may be provided to you by electronic mail
at the E-mail address set forth above.

 

8.       Prepayment.
You may prepay in full all of your obligations under this Agreement by paying us an amount equal to the Outstanding Balance.

 

9.       Default;
Remedies.

 

9.1. Events of Default.
Each of the following shall constitute an "Event of Default" under this Agreement: (a) as the business day immediately
preceding any Disbursement Date, at least 50% of the prior Loan Amount is not repaid to us; (b) as of any Disbursement Date, the
Outstanding Balance is greater than the Loan Amount; (c) for seven consecutive days, we do not receive any Settlement Amounts;
(d) your Settlement Amounts for any month during the Term is less than or equal to 50% of your Settlement Amounts for such month
during the immediately preceding year; (e) your Settlement Amounts for any month during the Term is less than or equal to 50% of
your average monthly Settlement Amounts for the immediately preceding twelve months; (f) any amount due and owing to us under this
Agreement is sixty (60) days past due; (g) any of your merchant account numbers with respect to any Card or the merchant account
number with respect to any Card of any of your affiliates is cancelled; (h) you fail to pay any amount you owe us under this Agreement,
including without limitation when an ACH debit for any such amount is rejected or a check is returned; (i) a security interest,
lien, claim, charge, restriction, condition, option, right, mortgage, equity, pledge or encumbrance of any kind or nature whatsoever
(collectively, "Liens") attaches to the Settlement Amounts or you enter into any arrangement, agreement or commitment
that relates to or involves the pledge or sale of Settlement Amounts, whether in the form of a purchase of, a loan against, or
the sale or purchase of credits against, Settlement Amounts with any person or entity other than us; (j) any warranty, representation
or statement made or furnished to us by you or any Signing Principal or on your or any Signing Principal's behalf under this Agreement
is or becomes false or misleading in any material respect; (k) this Agreement ceases to be in full force and effect at any time
and for any reason; (I) you: (i) legally dissolve, are adjudicated insolvent or cease to pay your debts as they mature, (ii) make
a general assignment for the benefit of or enter into an arrangement with creditors, (iii) apply for or consent to the appointment
of a receiver, trustee or liquidator of you or a substantial part of your property, (iv) become subject to, voluntarily or involuntarily,
a petition in bankruptcy or under any similar law; (v) take any step to effectuate any of the foregoing (i)-(v); or (vi) if an
individual, die or become legally incompetent; (m) you fail to perform or comply with any other term, provision, condition, covenant
or agreement contained in this Agreement, any other documentation related to this Agreement, or any other documentation related
to the Cards;

 

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(n) you default under any other agreement with us, any Assignee or any affiliate of either us or any Assignee (including,
without limitation, the Card Acceptance Agreement), or under any agreement with any third party material to your business or providing
for the lease of real or personal property or the repayment of money borrowed; (o) we reasonably deem ourselves insecure with respect
to your performance hereunder; (p) your credit rating is downgraded or a risk alert is generated, in either case, by any third
party credit reporting service (e.g., D&B or Equifax) or us; (q) (i) there is a positive debit balance on your merchant account
number with respect to any Card or the merchant account number with respect to any Card of any of your affiliates, or (ii) any
Card Processor fails to forward to the Transfer Account any Settlement Amount, as determined by Lender in its sole and absolute
discretion, or if any Borrower fails to forward any Settlement Amount that it receives from any third party to the Transfer Account;
and (r) any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of your
obligations hereunder. For purposes of section 9.1(d), if actual data concerning your Settlement Amounts is not available for a
measuring period, we will estimate your Settlement Amounts for such period based on your ratio of Amex Settlement Amounts to Other
Network Settlement Amounts for the period that actual data is available. Our estimate shall be deemed final and determinative as
to the occurrence of an Event of Default under section 9.1(d). For purposes of section 9.1(e), the monthly average Settlement Amount
will be calculated based on actual data; provided that if less than 12 months of actual data are available to calculate the monthly
average, the monthly average will be calculated based on the number of months for which actual data is available. The amount actually
received in the Transfer Account for a given period will be conclusive evidence of the Settlement Amounts for such period.

 

9.2. Remedies. Upon
the occurrence of an Event of Default under Section 9.1(1) (excluding sub-clause (vi) thereof), the unpaid balance of the Loans,
all Loan Fees and all other amounts you owe us under this Agreement will be immediately due and payable and our obligation to make
any further Loans hereunder will automatically terminate. Upon the occurrence of any other Event of Default, we shall have the
right, but not the obligation, to declare the unpaid balance of the Loans, all Loan Fees and all other amounts you owe us under
this Agreement to be immediately due and payable and to terminate or suspend our obligation to make any further Loans hereunder.
In addition, we shall have and may exercise any and all other rights and remedies available to us at law, in equity, or otherwise.
Except as may be prohibited by applicable law, all of our rights and remedies, whether evidenced by this Agreement or by any other
writing, shall be cumulative and may be exercised singularly or concurrently. Election by us to pursue any remedy will not constitute
a waiver of our rights to pursue other remedies. No forbearance or delay by us shall be deemed to waive any of our rights or remedies
or create a course of dealing between the parties. Any election by us to make expenditures or to take action to perform one or
more of your obligations under this Agreement, after your failure to perform, shall not affect our right to declare an Event of
Default and exercise our remedies.

 

10.       Additional
Repayment Terms.

 

10.1. Other Payment
Methods. You may make payments to us in addition to Loan Remittances to satisfy your obligations under this Agreement.
All such payments must be made in immediately available funds and U.S. Dollars paid wire transfer, check or such other payment
methods as we may notify you. Any payments sent by mail or overnight courier must be addressed to Lender at such address as we
may provide to you from time to time. You acknowledge and agree that payments sent to any other address may not be timely processed
or credited. Any payments made under this section shall not affect in any way your obligation to make Loan Remittances. We may
accept late, postdated or partial payments without losing any of our rights under this Agreement or otherwise. We have no obligation
to hold postdated checks and may process any postdated check on the date we receive it without being liable to you for any damages
or other claims you may assert, which you hereby expressly waive. You agree not to mark any partial payment "paid in full,"
"without recourse," "in full satisfaction" or with any similar language, and you agree that any such notations
shall have no force or effect and that we will not lose any of our rights under this Agreement if we accept any such payments.

 

10.2. Application
of Payments. We generally will apply payments first to amounts you owe us other than the principal balance of the Loans
and fees (such as for amounts we incur in performing your obligations pursuant to Section 14), then to the principal balance of
the Loans, and then to Loan Fees and other fees you owe to us. However, we reserve the right to apply payments in any order or
manner we choose, in our sole discretion.

 

10.3. Excess Payments.
If we receive payments under this Agreement that exceed the principal amount of the Loan, the Loan Fee and any other amounts
we are entitled to receive (such excess being called the "Excess Payment"), we agree to pay such Excess Payment
to you within thirty (30) days after we discover the overpayment. You acknowledge and agree that we have no obligation to return
to you or attempt to recover from any third party any funds that we have not received which would become an Excess Payment upon
our receipt of such funds.

 

10.4. Indemnification;
Limitation of Liability. You shall indemnify and hold us and our successors, assigns, officers, directors, affiliates,
employees, agents and representatives (the "Indemnified Parties") harmless from and against all losses, damages,
claims, liabilities, obligations, penalties, suits, actions, controversies, or proceedings of any kind, imposed upon, incurred
by, or asserted against any of the Indemnified Parties, in any way arising from, in connection with, relating to, or incident
to your breach of this Agreement, including the payment of all costs and expenses of every kind for the enforcement of our rights
and remedies hereunder, including the costs referenced in Section 12.11. Such amounts will bear interest at the rate for prejudgment
interest prevailing in your jurisdiction until paid. IN NO EVENT WILL WE BE LIABLE FOR ANY CLAIMS ASSERTED BY YOU UNDER ANY THEORY
OF LAW, INCLUDING ANY TORT OR CONTRACT THEORY, FOR LOST PROFITS, LOST REVENUES, LOST BUSINESS OPPORTUNITIES, EXEMPLARY, PUNITIVE,
SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES, EACH OF WHICH YOU HEREBY EXPRESSLY WAIVE. The foregoing indemnities are
continuing indemnities and shall survive expiration or termination of this Agreement for any reason.

 

 

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11. Grant of Security Interest.
Capitalized terms used in this section without definition which are not defined elsewhere in this Agreement have the meanings provided
in the UCC. For valuable consideration and to secure the prompt payment and performance in full of all of your indebtedness, liabilities
and obligations to us, whether direct or indirect, joint or several, absolute or contingent, due or to become due, now existing
or hereafter arising, whether or not such indebtedness, liabilities and obligations relate to the Loans described in this Agreement
and whether or not contemplated by the parties at the time of the granting of this security interest, regardless of how they arise
or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument and including obligations
to perform acts and refrain from taking action as well as obligations to pay money, including all interest, other fees and expenses,
you hereby grant to us a security interest in the following properties, assets and rights (the "Collateral"),
wherever located, whether now owned or hereafter acquired or arising and howsoever your interest therein may arise or appear (whether
by ownership, lease, security interest, claim, or otherwise): (a) any and all amounts owing to you now or in the future from any
merchant processor or Card Processor, including the Settlement Amounts; (b) all Accounts; (c) all Chattel Paper (including Tangible
Chattel Paper and Electronic Chattel Paper); (d) all Instruments; (e) all Goods, including, without limitation, Equipment, Inventory,
Farm Products, Accessions, and As Extracted Collateral; (f) all Documents; (g) all General Intangibles (including, without limitation,
Payment Intangibles and software); (h) all Deposit Accounts; (i) all Letter of Credit Rights; (j) all Investment Property; (k)
all Supporting Obligations; (1) all trademarks, trade names, service marks, logos and other sources of business identifiers, and
all registrations, recordings and applications with the U.S. Patent and Trademark Office ("USPTO") and all renewals,
reissues and extensions thereof (collectively " jr"); (m) any records and data relating to any of the foregoing, whether
in the form of a writing, photograph, microfilm, microfiche, or electronic media, together with all of your right, title and interest
in and to all computer software required to utilize, create, maintain, and process any such records or data on electronic media;
and (n) any and all proceeds of any of the foregoing, including insurance proceeds or other proceeds from the sale, destruction,
loss, or other disposition of any of any of the foregoing, and sums due from a third party who has damaged or destroyed any of
the foregoing or from that party's insurer, whether due to judgment, settlement or other process. Notwithstanding the foregoing,
the Collateral does not include any real estate, motor vehicles, household furniture or fixtures, and any other goods for personal,
family or household use. You irrevocably authorize us at any time and from time to time to file: (i) in any filing office in any
jurisdiction any initial financing statements and amendments thereto that indicate the collateral therein as all of your assets
or words of similar effect, regardless of whether such description is greater in scope than the collateral pledged to us hereunder;
and (ii) such recordations with the USPTO we deem necessary or desirable to evidence the security interest in IP described above.

 

 

    	 	7	 

     

    

 

12. Representations, Warranties and Covenants.
You and each Signing Principal represents, warrants and covenants the following as of the date and during the Term of this Agreement:

 

12.1. Your Business
and Operations. You shall: (a) except as expressly permitted by applicable law, not take any action to discourage the use
of Cards or do or fail to do anything that could have an adverse effect on the use, acceptance or authorization of Cards for the
purchase of your goods and services, including, for example, failing to promptly repair any inoperable Card processing equipment;
and (b) not sell or otherwise transfer your business without: (i) our express prior written consent and (ii) the assumption of
all of your obligations under this Agreement using documentation reasonably satisfactory to us.

 

12.2. Financial Indebtedness.
Except for the indebtedness disclosed to us in writing prior to the Effective Date, you represent, warrant and agree that
you will not incur any additional financial indebtedness without our prior written consent.

 

12.3. Name, Location,
Authority, Etc. You represent, warrant and agree that, as of the date of and during the Term of this Agreement: (a) you
are and shall remain duly organized, licensed, validly existing and in good standing under the laws of your state of formation
and are and shall remain duly qualified, licensed and in good standing in each and every other state in which the failure to do
so could have a material adverse effect on your financial condition, business or operations; (b) you act legal name set forth in
Section A is true and correct and you do not and shall not conduct your business under any other name; (c) you shall not change
your place of business, your legal name, entity type or state of formation; (d) you are authorized and permitted, by law, your
organizational documents, any contracts to which you or any Signing Principal is a party and otherwise, to execute, deliver and
perform this Agreement and all related documents; (e) you are subject to no charter, corporate or other legal restriction, or any
judgment, award, decree, order, governmental rule or regulation or contractual restriction that could have a material adverse effect
on your financial condition, business or prospects; (f) you are and will continue to be in compliance with your organizational and
formation documents, all contractual requirements by which you may be bound, and all applicable federal, state and local laws,
statutes, regulations, ordinances and rules pertaining to the conduct of your business, including without limitation (i) the regulations
of card associations and payment networks, and (ii) maintaining any licenses, approvals, consents, registrations and other authorizations
necessary for the conduct of your business; (g) there is no action, suit, proceeding or investigation pending or, to your knowledge,
threatened against or affecting you or any of your assets before or by any court or other governmental authority which, if determined
adversely to you, would have a material adverse effect on your financial condition, business or prospects or the value of the Collateral;
(h) you are not (1) listed on the U.S. Department of Treasury, Office of Foreign Assets Control, Specially Designated Nationals
and Blocked Persons List (available at www.treas.gov/ofac), (2) listed on the U.S. Department
of State's Terrorism Exclusion List (available at www.state.gov),
or (3) located in or operating under license issued by a jurisdiction identified by the U.S. Department of State as a sponsor of
international terrorism, by the U.S. Secretary of the Treasury as warranting special measures due to money laundering concerns,
or as non-cooperative with international anti-money laundering principles or procedures by an intergovernmental group or organization
of which the United States is a member; and (i) you are current on the lease or mortgage, as applicable, for each of your business
locations.

 

12.4. Processing
Agreement; Designated Account. You shall: (a) comply with the agreements governing your acceptance of Cards at all times;
(b) at all times ensure that all Settlement Amounts are sent directly to the Transfer Account; (c) not change your Card Processor
during the term; (d) not open a new account other than the Designated Account and/or Transfer Account to which Settlement Amounts
will be deposited; (e) not take any action to cause Settlement Amounts to be settled or delivered to any person other than us or
the Transfer Account, as applicable; (f) not revoke or cancel any of the authorizations to debit or otherwise withdraw from or
access the Designated Account, Transfer Account or any other account described in this Agreement and (g) not add, remove orotherwise
alter the payees associated with your business and Settlement Amounts without our consent. In addition to any other remedies available
hereunder, in the event that you change or permit the change of your Card Processor or any other third party processor (if any)
accepted by us or utilize the services of an additional processor, we shall have the right, without waiving any of our rights or
remedies and without notice to you or any other party, to notify the new or additional processor of this Agreement and to direct
such new or additional processor to make payment to us of all or any portion of the amounts received or held by such processor
for or on your behalf to pay any amounts we are entitled to receive hereunder. You hereby grant to us an irrevocable power of attorney,
which power of attorney shall be coupled with an interest, and hereby appoint us and our designees as your attorney-in-fact, to
take any and all actions necessary or appropriate to direct any processor to make payment to us as contemplated by this Agreement.

 

12.5. Insurance.
You shall maintain insurance in such amounts and against such risks as are consistent with past practice and shall show
proof of such insurance upon our request.

 

12.6. Business Information;
Reliance; Compliance. All information (financial and other) provided by or on your or any Signing Principal's behalf to
us in connection with or pursuant to this Agreement is true, accurate and complete in all respects. You and each Signing Principal
shall furnish us such information as we may request from time to time within 14 days of such request, including, without limitation,
tax records, financial statements (including, the most recent consolidated balance sheets and consolidated statements of earnings),
bank statements and a duly completed and executed Form-4506T (or its equivalent). You acknowledge and agree that all information
(financial and other) provided by or on behalf of you and/or any Signing Principal has been relied upon by us in connection with
our decision to advance you the Loans. Failure to provide requested information is an Event of Default under Section 9.1(m) and
may be a factor in future decisions to extend credit to you or any other Signing Principal.

 

 

    	 	8	 

     

    

 

12.7. Transactions
Involving Settlement Amounts. You shall not (a) enter into any arrangement, agreement or commitment that relates to or
involves the pledge or sale of Settlement Amounts, whether in the form of a purchase of, a loan against, or the sale or purchase
of credits against, Settlement Amounts with any person or entity other than us; or (b) allow any security interest, lien, claim,
charge, restriction, condition, option, right, mortgage, equity, pledge or encumbrance of any kind or nature whatsoever (collectively,
"Liens") to exist on any Settlement Amounts.

 

12.8. Inspection
of Collateral and Place of Business. We, or such other third party as we may designate, shall have the right during your
normal business hours and at any other reasonable time to examine the Collateral where located and the interior and exterior of
any of your places of business. During an examination of any of your places of business, we may examine, among other things, whether
you (a) have a place of business that is separate from any personal residence, (b) are open for business, (c) have sufficient inventory
to conduct your business and (d) have one or more point-of-sale terminals to process Card transactions. When performing an examination,
we may photograph the interior and exterior of any your places of business, including any signage, and may photograph any Principal.

 

12.9. Solvency. You
represent and warrant that you do not presently intend to close or cease operating your business, in whole or in part, temporarily
or permanently. As of the date of this Agreement, you are solvent and are not contemplating any insolvency or bankruptcy proceeding.
During the four months preceding the date of this Agreement, neither you nor any Principal has discussed with or among your management,
with counsel, or with any other advisor or creditor, any potential insolvency, bankruptcy, receivership, or assignment for the
benefit of your creditors and no such action or proceeding has been filed or is pending. Other than as disclosed to us in a writing
attached to this Agreement, no eviction or foreclosure is pending or threatened against you.

 

12.10. Confidentiality;
Press Releases. You and each Signing Principal understand and agree that the terms and conditions of the products and services
we offer, including this Agreement and any other documentation provided by us ("Confidential Information") are
our proprietary and confidential information. Accordingly, unless disclosure is required by applicable law or court order, you
shall not disclose Confidential Information to any person other than your attorneys, accountants, financial advisors or employees
who need to know such information for the purpose of advising you ("Advisors"), provided that such Advisors use
such information solely to advise you and first agree in writing to keep such information confidential. You shall not issue any
press release or make any public announcement (or both) in respect of this Agreement or us without our prior written consent. In
the event that you were referred to us by a third party (a "Referral Source"), you acknowledge and agree that
we may inform such Referral Source that we extended you a loan under this Agreement.

 

12.11. Credit Reports
and Information Sharing. You hereby authorize us to obtain your business credit bureau reports from time to time for purposes
of determining your eligibility for the loan evidenced by this Agreement, or for any update, renewal, extension of credit or other
lawful purpose, including collection activities. We may report our credit and transactional experiences with you and/or any Signing
Principal to business credit bureaus. You and each Signing Principal hereby waive to the maximum extent permitted by law any claim
for damages against us or any of our affiliates relating to any (a) investigation undertaken by or on your behalf as permitted
by this Agreement or (b) disclosure of information as permitted by this Agreement. You also agree that we may release any such
information if we believe it is required to comply with any governmental or legal process, whether or not such release is actually
required, or when it is necessary or desirable in connection with a transaction or investigating a loss or potential loss. If you
fail to satisfy the terms of your credit obligations hereunder, we may submit a negative credit report to a business credit reporting
agency that adversely affects your credit score or record.

 

12.12. Collection
Costs and Fees. To the extent not prohibited by applicable law, you shall pay to us any and all expenses, including collection
costs, attorneys' fees and expenses, expert fees and expenses, and all other expenses which may be incurred by us in the prosecution,
defense, settlement and/ or other resolution of any claim, demand, action or proceeding arising out of or relating to this Agreement,
the Collateral or any of our related rights or interests, regardless of whether you are a party to that settlement and/or other
resolution of any claim, demand, action or proceeding arising out of or relating to this Agreement, the Collateral or any of our
related rights or interests, regardless of whether you are a party to that action or proceeding or made aware of the claim or demand
before it is resolved. Without limiting the generality of the foregoing, the expenses you shall pay to us include counsel fees
and expenses incurred in any bankruptcy or insolvency proceedings and all costs and expenses (including search fees) incurred or
paid by us for the purpose of administering, protecting or realizing our security under this Agreement. All amounts described in
this section shall be considered advances to protect our security, and shall be secured by this Agreement.

 

12.13. Card Processing.
You represent and warrant that Schedule A lists any and all of Borrower's Card Processors and any and all arrangements to which
Borrower is a party with respect to the payment to Borrower of the proceeds of all credit card charges for sales by Borrower, including,
with respect to each such Card Processor, (i) the name and address of that Card Processor and (ii) the merchant identification
number assigned to Borrower by such Card Processor. You agree during the Term of this Agreement that you will promptly (and in
any event within five business days thereof) provide notice to Lender of any change to Schedule A attached hereto, together with
an updated Schedule A incorporating such change(s).

 

 

    	 	9	 

     

    

 

13. Assignment. Without our
prior written consent, you shall not pledge, cancel, revoke or assign this Agreement or your rights hereunder. Any prohibited
assignment shall be void. No consent to an assignment by us shall release you from your obligations hereunder. We may assign,
mortgage, pledge or otherwise transfer or delegate this Agreement or any of our rights or obligations hereunder without notifying
you or obtaining your consent. Without limiting the generality of the foregoing, we may grant a security interest in any and all
of our rights and interests pursuant to this Agreement, including our rights and interests in and to the Repayment Rate and the
principal amount of the Loans, to any party (each, an "Assignee"), including parties from whom we may obtain
financing, and you agree that such Assignee is entitled to enforce any and all of our rights, remedies and interests under this
Agreement. Any Assignee shall have all of our rights, but no liability for any of our obligations under this Agreement, and you
agree that you will not assert against any Assignee any defense, counterclaim, setoff, recoupment, offset or other alleged right
that you may have against us. Upon and following receipt of written notification by an Assignee to you, you are authorized and
directed to remit any and all amounts then or thereafter payable by you to us directly to such Assignee, for our account. As between
you and any such Assignee, any remittance sent to us following such receipt shall not constitute payment unless and until such
payment is actually received by such Assignee.

 

14.       Right
to Perform; Further Assurances. You agree to promptly execute and deliver all further instruments and documents, and take
all further action, that may be necessary or desirable, or that we may reasonably request, in order to (a) create and/or maintain
the validity, perfection or priority of and protect any security interest granted hereby, (b) enable us to exercise and enforce
our rights and remedies hereunder with respect to any Collateral, and (c) evidence or effect your agreements and obligations under
this Agreement. YOU ACKNOWLEDGE THAT THE FEES WE CHARGE TO YOU FOR DOCUMENTATION, ORIGINATION, TAX COMPLIANCE OR ANY OTHER MATTER
ASSOCIATED WITH THIS AGREEMENT MAY REPRESENT PROFIT TO US IN WHOLE OR IN PART AND MAY NOT BE MERELY A REIMBURSEMENT FOR ACTUAL
COSTS.

 

15.       Usury
Savings Clause. It is the intention of parties hereto to comply strictly with applicable laws and accordingly, in no event
and upon no contingency shall we ever be entitled to receive, collect, or apply as interest any interest, fees, charges or other
payments equivalent to interest, in excess of the maximum rate of interest which we may lawfully charge under applicable law (the
"Maximum Rate"). In the event that we ever receive, collect, or apply as interest any such excess, such amount
which, but for this provision, would be excessive interest, shall be applied to the reduction of the principal balance owed hereunder;
and if said principal balance, and all lawful interest thereon, is paid in full, any remaining excess shall forthwith be paid to
you, or other party lawfully entitled thereto. In addition, in the event that we determine that as a result of your volume of Loan
Remittances being greater than what either of us anticipated at the time we made this Agreement, our charging the full amount of
any Loan Fee would exceed the Maximum Rate, we will give you an early payment discount so that such Loan Fee does not exceed the
Maximum Rate. In determining whether or not the interest or fees paid or payable, under any specific contingency, exceeds the highest
rate which we may lawfully charge under applicable law from time to time in effect, the parties shall, to the maximum extent permitted
under applicable law, characterize any non-principal payment as a reasonable loan charge, rather than as interest. Any provision
hereof, or of any other agreement between the parties, that operates to bind, obligate, or compel you to pay interest in excess
of such Maximum Rate shall be construed to require the payment of the Maximum Rate only. The provisions of this section shall be
given precedence over any other provision contained herein or in any other agreement between the parties that is in conflict with
the provisions of this section.

 

16.       Notices.
Except for notices provided under Section 3 which may be provided to you by electronic mail at the E-mail address listed above,
any notice or other communication required or desired to be given shall be in writing and shall be sent by certified mail, return
receipt requested, by a nationally recognized express courier service (such as FedEx) or personally served, and shall be deemed
to be duly given when mailed upon deposit in any depository maintained by the United States Post Office, when deposited with a
nationally recognized express courier service or when personally served. Each such notice to Borrower shall be at the address set
forth on page one hereof and any such notice to Lender shall be at the following address (or to any other address as may be specified
by either party by a notice given as provided herein):

 

American Express Bank, FSB

c/o: Datamark Inc.

Attn: Merchant Financing Counsel

43 Butterfield Circle

El Paso, TX 79906

 

17.       Dispute Resolution.

 

17.1. Procedure.
The Parties agree that any and all disputes, claims or controversies arising out of or related to this Agreement, including
any claims under any statute or regulation ("Disputes"), shall be submitted for binding arbitration. Unless the parties
agree otherwise, any arbitration shall take place in the State of Utah , and shall be administered by, and pursuant to the rules
of, the American Arbitration Association ("AAA") (1-800-778-7879, adr.org) or JAMS (1-800-352-5267,
jamsadr.com).

 

17.2. Restrictions
on Arbitration. Disputes shall be arbitrated on an individual basis. There shall be no right or authority for any Disputes
to be arbitrated on a class action basis or in a purported representative capacity on behalf of the general public or other persons
or entities similarly situated. The arbitrator's authority to resolve Disputes and to make awards is limited to Disputes between
the parties to this Agreement alone, and is subject to the Limitations of Liability set forth in this Agreement. Furthermore, Disputes
brought by either party to this Agreement against the other may not be joined or consolidated in arbitration with Disputes brought
by or against any third party, unless agreed to in writing by all parties. Any arbitration award and any judgment confirming it
will apply only to the specific case and the specific parties, and neither you nor we shall be entitled to use or reference in
an arbitration between us any award or judgment from any other case. Should any portion of this Section 17.2 of this Dispute Resolution
provision be stricken from this Agreement or deemed otherwise unenforceable, then this entire Dispute Resolution paragraph shall
be stricken from this Agreement.

 

 

    	 	10	 

     

    

 

17.3. Enforcement.
The provisions of this Alternative Dispute Resolution paragraph may be enforced in a court of competent jurisdiction.

 

17.4. Costs of Arbitration
Proceedings. The parties will be responsible for paying their respective shares of the arbitration fees (including filing,
administrative, hearing and/or other fees) as provided by AAA rules, except that American Express will be responsible for paying
all arbitration fees in connection with any Dispute it commences in arbitration or compels to arbitration.

 

18. JURY TRIAL AND CLASS ACTION WAIVERS.
EACH PARTY HERETO: (a) HEREBY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION CONTROVERSY OR PROCEEDING OF ANY KIND ON
ANY MATTER ARISING OUT OF, RELATING TO, IN CONNECTION WITH, OR INCIDENT TO THIS AGREEMENT OR ANY TRANSACTIONS IT CONTEMPLATES OR
THE ENFORCEMENT HEREOF, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY;
AND (b) HEREBY WAIVES ANY RIGHT TO ASSERT ANY CLAIMS AGAINST ANY OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE
ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW AGAINST PUBLIC POLICY. TO THE EXTENT ANY PARTY IS PERMITTED BY LAW OR COURT
OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST ANY OTHER PARTY, THE PARTIES HEREBY AGREE THAT: (1) THE PREVAILING
PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS' FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT
WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (ii) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS
WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION. THE PARTIES
HERETO ACKNOWLEDGE THAT EACH MAKES THESE WAIVERS KNOWINGLY, WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE
CONSIDERATION OF THE RAMIFICATIONS OF THESE WAIVERS WITH THEIR ATTORNEYS.

 

19. GOVERNING LAW; JURISDICTION;
SERVICE OF PROCESS. THIS AGREEMENT AND ALL TRANSACTIONS IT CONTEMPLATES, INCLUDING ALL ISSUES CONCERNING THE VALIDITY OF
THE AGREEMENT AND ANY TRANSACTIONS IT CONTEMPLATES, THE CONSTRUCTION OF ITS TERMS, AND THE INTERPRETATION, PERFORMANCE AND
ENFORCEMENT OF THE RIGHTS AND DUTIES OF US, YOU AND PRINCIPAL(S) (EACH, A "PARTY" AND COLLECTIVELY, THE
"PARTIES"), SHALL BE GOVERNED BY AND ENFORCED IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF
UTAH, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW. THE PARTIES
ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT IS MADE AND PERFORMED IN THE STATE OF UTAH. You and Principal(s) further
irrevocably and unconditionally consent and submit to the jurisdiction of any state or federal court located in the State of
Utah to resolve any suit, action, controversy, or proceeding of any kind (whether in contract, tort, statute, equity or
otherwise) between or among the Parties, arising out of, related to, in connection with, or incident to this Agreement or any
of the transactions it contemplates. You and Principal(s) hereby agree that any of the above-named courts shall be a
convenient forum for any such suit, action, controversy, or proceeding of any kind between or among the Parties, arising out
of, related to, in connection with, or incident to this Agreement or any of the transactions it contemplates. You and
Principal(s) waive, to the fullest extent permitted by law, (a) any objection that you or Principal(s) may now or later have
to the laying of venue of any suit, action, controversy, or proceeding arising out of, relating to, in connection with, or
incident to this Agreement or any of the transactions it contemplates in any of the above-named courts, (b) any objection to
personal jurisdiction applying in any such court, and (c) any claim that any such suit, action, controversy or proceeding
brought in any such court has been brought in an inconvenient forum. You and Principal(s) agree that service of process in
any such suit, action, controversy, or proceeding may be served on any of them by mailing or delivering a copy of the process
to any of the addresses set forth in this Agreement or any other address You or Principal(s) has provided to us. Nothing set
forth in this section affects the right to serve process in any other manner permitted by law. You and Principal(s)
understand and agree that: (i) we are located in the State of Utah; (ii) we make all credit decisions from our office in
Utah; (iii) the loan hereunder is made in Utah (that is, no binding contract will be formed until we receive and accept your
signed Agreement in Utah); and (iv) your payments are not accepted until we receive them in Utah. SUBJECT TO SECTION
16, YOU AND SIGNING PRINCIPAL(S) FURTHER AGREE THAT ANY SUIT, ACTION CONTROVERSY OR PROCEEDING BY YOU IN CONNECTION WITH THIS
AGREEMENT MUST BE BROUGHT ONLY IN A STATE OR FEDERAL COURT LOCATED IN THE STATE OF UTAH AND WITHIN ONE (1) YEAR AFTER
EXPIRATION OR TERMINATION OF THE AGREEMENT.

 

20.       Fax
Signatures; Counterparts. You and Signing Principals agree that your faxed, scanned or other electronic signatures will
be considered as good as your original signature and admissible in court as conclusive evidence. This Agreement may be signed
in one or more counterparts, each of which shall constitute an original and all of which when taken together shall constitute
one and the same agreement.

 

21.       IMPORTANT
INFORMATION ABOUT OPENING A NEW ACCOUNT AT AMERICAN EXPRESS BANK, FSB. To help the United States Government fight terrorism
and money laundering, we hereby notify you that pursuant to Federal law, we are required to obtain, verify and record information
that identifies each business or entity that opens an account or establishes a relationship with us. During the loan process, we
will ask for your business name, a street address and a tax identification number, that Federal law requires us to obtain.

 

    	 	11	 

     

    

 

 

22.       Setoff.
In addition to any rights and remedies of Lender provided by law, upon the occurrence and during the continuance of any Event of
Default, Lender and any Affiliate of Lender is authorized at any time and from time to time, but without prior notice to Borrower
(any such notice being waived by the Borrower), to the fullest extent permitted by law, to recoup from, setoff against and apply
any and all deposits at any time held by, funds in the possession of, and other indebtedness or obligations at any time owing by,
Lender or such Affiliate to or for the credit or the account of Borrower against any and all obligations owing to Lender hereunder,
now or hereafter existing, irrespective of whether or not Lender shall have made demand under this Agreement and although such
obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit, funds or
indebtedness.

 

23.       Interpretation;
Miscellaneous. The provisions of this Agreement shall be severable and if any provision shall be invalid, void or unenforceable
in whole or in part for any reason, the remaining provisions shall remain in full force and effect. This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and
assigns (subject nevertheless to restrictions provided in Section 13). This Agreement, together with the other agreements and instruments
mentioned herein or executed by you contemporaneously herewith, constitutes the entire agreement of the parties and we shall not
be charged with any agreement or representation not contained in a writing executed by us as provided herein. Absent manifest error,
our records shall be conclusive evidence with respect to the matters governed by this Agreement (including the total amount of
the Loan Remittances paid to us) but the failure to record any such amount in such records or otherwise shall not limit or affect
your obligations or our rights hereunder. Whenever terms such as "include" or "including" are used in herein,
they shall mean "include" or "including," as the case may be, without limiting the generality of any description
or word preceding such term. Whenever terms such as "acceptable to us" or "to our satisfaction" are used or
we are granted the contractual right to choose between alternatives or express our opinion, the satisfaction, choices and opinions
are to be made in our sole and absolute discretion. The captions or headings herein are made for convenience and general reference
only and shall not be construed to describe, define or limit the scope or intent of the provisions of such document. As used herein,
all masculine pronouns shall include the feminine or neuter, and all singular terms the plural forms thereof, and vice versa. Any
exhibits annexed hereto are incorporated therein and made a part thereof as if contained in the body of this Agreement. All references
to sections shall be deemed to refer to sections of this Agreement, unless otherwise expressly provided, whether or not "hereof,"
"above," "below" or like words are used. This Agreement has been drafted by our counsel as a convenience to
the parties only and shall not, by reason of such action, be construed against us or any other party.

 

By signing below, I represent that I have read
this entire Agreement, received a copy for my records and am authorized to sign for the Borrower, which agrees to be bound by this
Agreement. I authorize Lender to verify the information above. I understand that Lender intends to use information about me personally,
including reports on me from consumer reporting agencies, to evaluate Applicant's creditworthiness. I hereby authorize Lender to
request reports on me from consumer reporting agencies from time to time. I authorize Lender to inform me directly about the contents
of reports about me that Lender has requested from consumer reporting agencies. Such information will include the name and address
of the agency furnishing the report. I also authorize Lender to use, and share with service providers, information collected for
administrative, marketing and servicing purposes. I understand that I have the right to consult with an attorney before signing
this Agreement if I choose to do so. I am able to read and understand the English language.

 

 

    	 	12	 

     

    

 

By signing below, I agree to all of the
terms of the Agreement and offer to enter into the transaction it describes.

 

By: /s/ Steven M. Plumb

Print Name: Steven M. Plumb

Title: Chief Executive Officer

 

For Lender's Use Only: This
Agreement has been received and accepted by Lender after being signed by Borrower. 

 

By: ____________________________

Print Name: ______________________

Title: ___________________________

 

 

 

    	 	13	 

     

    

 

Schedule A

 

Card Processors

 

	Card Type	Name of Card Processor	Address of Card	Merchant Identification
	number Assigned to any
	 	 	Processor	Borrower by Card Processor
	VISA CARD, MASTER 

CARD, DISCOVER 

CARD	First Data	18653 VENTURA BLVD SUITE 3267548334882 Tarzana CA 91356	 
	VISA CARD, MASTER 

CARD, DISCOVER 

CARD	First Data	18653 VENTURA BLVD SUITE 3267548347884 Tarzana CA 91356	 

 

 

 

 

 

 

 

 

 

 

    	 	14Exhibit 10.17

 

Kabbage Business Loan Agreement

 

Loan Amount: $100,000.00

Document Creation Date/Time: May 14, 2015 12:00 PM Eastern

 

	Merchant Information 

Account Number: 50974

Merchant: Brown Book Shop Inc,

Owner: Noah Davis

Marketplaces: PayPal, AuthorizeNET,

Bigcommerce, ACH, AmazonMWS

	Lender: Celtic Bank

     Salt Lake City, Utah

Fees 

Late Fee: Up to $100

Returned Payment Fee: Up to $20

 

 

This Business Loan Agreement ("Agreement") is made by and between Celtic Bank ("we,"
"us," "our" or "Bank") and merchant ("you" or "Merchant"), along with the principal
shareholder, partner, member or other owner of Merchant who submitted the Application on behalf of Merchant ("Owner"),
as of the date specified above.

 

If you have designated a Recipient above other than yourself, then
you direct us to deliver the Loan Amount to the Recipient on your behalf for one or more purchases made by you from the Recipient.
The Recipient is not a party to this agreement, and we are not a party to any purchase transaction between you and the Recipient.
Consequently, any disputes or concerns you have regarding your purchases from or the amounts you owe to the Recipient are to be
solely resolved between you and the Recipient alone, and you understand and agree that (a) the Recipient’s actions or omissions
have no bearing on, and will not give rise to any defense under, your agreement with us, and (b) we will have no liability to you
in connection with such purchases.

 

I. BUSINESS LOAN

 

Section 1.1. Business Loan. You agree to borrow,
and we agree to lend to you, the amount set forth above. You promise to repay this Loan, plus Costs (as defined below), plus all
other amounts that may become due us under this Agreement, according to the payment schedule set forth below. You will provide
us, at all times during this Agreement, with sufficient access to view the activity in (a) your commercial transaction account(s),
including, but not limited to, (i) your PayPal business account, the details of which you have provided to us (individually and
collectively, as appropriate, your "Business Payment Account"), (ii) one or more designated business checking accounts,
the details of which you have provided to us (individually and collectively, as appropriate, your "Bank Account"), (b)
the marketplace(s) where you do business, and (c) such other accounts and sales and shipping data as we deem necessary and appropriate,
for the purpose of monitoring your business activity and finances. You agree to repay us in U.S. dollars.

 

THIS IS A COMMERCIAL LOAN. YOU AGREE
NOT TO USE ANY PORTION OF THE

AMOUNT LOANED FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES

AND NOT TO REPAY US FROM ANY CONSUMER ACCOUNT.

 

Merchant and Owner each understand, acknowledge and agree that
Merchant is entering into this Agreement as a commercial transaction and that your agreement not to use any portion of the amount
loaned for personal, family or household purposes and not to repay us from any consumer account means that certain important duties
imposed upon transactions and communications for consumer purposes, and certain important rights conferred upon consumers, pursuant
to federal or state law, will not apply to any aspect of this transaction. Merchant and Owner also understand, acknowledge and
agree that we may be unable to confirm whether, for example, any particular use of any amount loaned or any particular payment
conforms to this section. Merchant and Owner understand, acknowledge and agree that a breach by Merchant of the provisions of this
section will not affect our right to (i) enforce this Agreement, regardless of the purpose for which any amount loaned is in fact
used, or (ii) use any remedy legally available to us in a commercial transaction, even if that remedy would not have been available
had any amount loaned been disbursed for consumer purposes or payment delivered from a consumer account. 

 

You agree to notify us promptly if (i) the details of your Business
Payment Account or Bank Account change, (ii) you open any new account that is similar or (iii) you close your Business Payment
Account or Bank Account or any similar account. Furthermore, with regard to information about any marketplace or other service
provider that you provided to us to determine the amount of your Loan, you agree to notify us promptly if (i) the details of your
account with any such marketplace or other service provider change, (ii) you open a new account with any such marketplace or other
service provider or (iii) you close your account with any such marketplace or other service provider.

 

Term. This Loan has a six (6) month term. Monthly payments
are due as set forth in the payment schedule below.

 

 

    	 	1	 

     

    

Cost. We will impose an interest charge (“Cost”)
for each month or partial month that any portion of your Loan remains outstanding based upon the original Loan amount. You may
avoid additional Cost by repaying your outstanding balance in full at any time without penalty. We may continue to impose additional
Cost at the same rate after maturity.

 

Cost Schedule.

 

	If you repay your loan in full before:	

Your
anticipated (total) Cost will be: 

	First Monthly Anniversary Date	$1,500.00
	Second Monthly Anniversary Date	$3,000.00
	Third Monthly Anniversary Date	$4,000.00
	Fourth Monthly Anniversary Date	$5,000.00
	Fifth Monthly Anniversary Date	$6,000.00
	Sixth Monthly Anniversary Date	$7,000.00

 

Minimum Monthly Payments. You agree to make minimum monthly
payments (each a “Minimum Monthly Payment”) in the amounts specified below on each scheduled monthly payment due date
(“Payment Due Date”) shown on your monthly statement. The Minimum Monthly Payment for this Loan will be:

 

	Payment
    Due Date	Scheduled
    Minimum Monthly Payment:	Monthly
    Fee%
	First Payment Due Date	$18,166.67*	1.50 %
	Second Payment Due Date	$18,166.67*	1.50 %
	Third Payment Due Date	$17,666.67*	1%
	Fourth Payment Due Date	$17,666.67*	1%
	Fifth Payment Due Date	$17,666.67*	1%
	Sixth Payment Due Date	$17,666.65*	1%

 

* Or all amounts due under this Agreement if less than the amount
shown

 

You may at any time pay more than the Minimum Monthly Payment without
penalty. Any amounts due under this Agreement and remaining unpaid on the final scheduled Payment Due Date are due on that date.

 

Total Minimum Monthly Payment. We will notify you, at least
10 calendar days in advance of each Payment Due Date, of the aggregate amount of (i) all current Minimum Monthly Payments for multiple
Loans, plus (ii) any previous Minimum Monthly Payments remaining, in whole or in part, unpaid, plus (iii) billed but unpaid fees
[collectively, (i) through (iii) are your “Total Minimum Monthly Payment”]. See Section 1.3 (Payments) below.

 

Late Fee. If you fail to pay your Total Minimum Monthly Payment
amount on time, you agree that we may assess a Late Fee of:

 

$10 if your aggregate outstanding balance
of all outstanding Loans is equal to or greater than $35 but less than $500;

 

$35 if your aggregate outstanding balance
of all outstanding Loans is equal to or greater than $500 but less than $5,000;

 

$100 if your aggregate outstanding balance of all outstanding
Loans is equal to or greater than $5000.

 

Application of Payments. Payments received will be applied
first to billed Late Fees and Returned Payment Fees, then to loans in order of posting with the oldest loan first, then the second
oldest loan, and so on. With respect to any particular loan, payment will be applied first to billed Cost, then to unbilled Cost
and finally to principal. Any amount received in excess of your Total Minimum Payment due will be applied first to any unbilled
Late Fees and Returned Payment Fees, then to your remaining principal balances in order, beginning with the oldest loan first,
then the second oldest loan and so on. Any payment in excess of the Total Minimum Monthly Payment due does not relieve you of your
obligation to make your next scheduled Total Minimum Monthly Payment.

 

 

    	 	2	 

     

    

 

Section 1.2. Merchant’s Contractual Covenants and Representations;
Further Inquires. Covenants. You agree:

 

		(i)	Not to use any amount loaned for personal, family or household purposes and not to repay us from any consumer account;

 

		(ii)	Not to materially change the nature of the business that you conduct from the type of business originally disclosed to us in
connection with this Agreement and, unless we are adequately notified in advance, to conduct your business substantially in accordance
with past practices;

 

		(iii)	To take all steps necessary to provide us with access to view the activity in your Business Payment Account, Bank Account and
marketplaces where you do business and to such other accounts and sales and shipping data as we deem necessary and appropriate,
for the purpose of monitoring your business activity and finances;

 

		(iv)	Not to reduce or remove, or cause anyone to reduce or remove, our access, once granted, to your Business Payment Account, Bank
Account, marketplaces where you do business and such other accounts and sales and shipping data as we have deemed necessary and
appropriate;

 

		(v)	With regard to information about any marketplace or other service provider that you provided to us to determine the amount
of your Loan, to notify us promptly if the details of your account with such marketplace or other service provider changes, you
open a new account or you close your account

 

		(vi)	To use your Business Payment Account in a volume consistent with the level of transactions you processed through such account(s)
when you received your Loan, or otherwise ensure that funds sufficient to satisfy your obligations under this Agreement are deposited
into your Bank Account;

 

		(vii)	To maintain a minimum balance in your Business Payment Account or Bank Account, as appropriate (as required by Section 1.3
below);

 

		(viii)	To collect on your sales promptly, in compliance with all applicable federal, state and local laws, rules and regulations and
consistent with your past collection practices;

 

		(ix)	To make payments to us (in U.S. dollars) on the applicable Payment Due Date"

 

		(x)	Not to take any action to discourage the use of your Business Payment Account and not to permit any event to occur that could
have an adverse effect on the use, acceptance or authorization of your Business Payment Account for the purchase of services and/or
products by your customers;

 

		(xi)	Not to open a new account other than the Business Payment Account or Bank Account (collectively, the "Accounts")
into which your sales will be deposited and not to take any action to cause future sales to be settled or paid to any account other
than the Accounts;

 

		(xii)	Not to sell, dispose, convey or otherwise payment your business or assets without our express prior written consent and the
prior payment or assumption of all of your obligations under this Agreement pursuant to documentation reasonably satisfactory to
us;

 

		(xiii)	Not to take any intentional action that would substantially impair or reduce your generation or collection of accounts receivable
adequate to satisfy your obligations under this Agreement without our prior written permission;

 

		(xiv)	Not to terminate your authorization of scheduled debits in Section 1.3, stop payment on any debit authorized pursuant to Section
1.3, claim that a debit transaction pursuant to Section 1.3 is unauthorized, or seek a refund, return, chargeback or dispute of
a credit card transaction related to a payment under Section 1.3; and

 

		(xv)	To notify us promptly if, with regard to any Business Payment Account or Bank Account, the details of your account change,
you open a new account or you close your account.

 

Collectively, the preceding items (i) through (xv) are your "Merchant
Contractual Covenants".

 

Representations. You represent that as of the date of this
Agreement (i) you have no present intention to close or cease operating your business, in whole or in part, temporarily or permanently,
(ii) you are solvent and not contemplating any insolvency or bankruptcy proceeding, (iii) during the four (4) months preceding
the date hereof, neither Merchant nor any Owner has discussed with or among Merchant’s management, counsel, or any other
advisor or creditor, any potential insolvency, bankruptcy, receivership, or assignment for the benefit of creditors with respect
to Merchant and no such action or proceeding has been filed or is pending, and (iv) no eviction or foreclosure is pending or threatened
against Merchant.

 

 

 

    	 	3	 

     

    

 

Further Inquiries. Merchant and Owner authorize Bank, its
agents and representatives, and any credit reporting agency engaged by Bank, to (i) request information about and investigate Merchant
and Owner and any references given or any other statements or data obtained from or about Merchant or Owner for the purpose of
this Agreement and (ii) pull credit reports, whether in connection with Merchant’s application for a loan or at any time
thereafter for so long as Merchant and/or Owner continue to have any obligation owed to Bank.

 

Owner's Personal Guarantee of Merchant's Performance of Merchant
Contractual Covenants. Owner personally guarantees the performance of all of the covenants of Merchant in this Agreement, specifically
including the Merchant Contractual Covenants above. (Owner does not absolutely guarantee that sufficient future receivables will
be generated or Proceeds collected to equal the Specified Amount sold to Company.)

 

Section 1.3. Payments.

 

Automatic Payment Authorization. You authorize us to initiate,
on each Payment Due Date, an automatic electronic debit from your Business Payment Account or Bank Account, as appropriate, in
the amount of the Total Minimum Monthly Payment; provided, however, that if a Payment Due Date falls on a Saturday, Sunday
or holiday, then the debit may be initiated on the next business day. Any separate payments that you make on or before a Payment
Due Date will not affect this authorization. You understand that your Total Minimum Monthly Payment may vary from time to time
but will in no event exceed the total outstanding Loans. We will not be liable for any fees or Costs that you may incur if we are
unable to debit your Total Minimum Monthly Payment under this authorization. We also are not responsible for any fees imposed on
you by the provider of any Business Payment Account or Bank Account as the result of any authorized debit or any payments made
directly by you under this Agreement. Automated Clearing House transactions must comply with the provisions of U.S. law.

 

Payment Failure. If a debit is rejected or if you otherwise
fail to pay your Total Minimum Monthly Payment when due, you agree that we may (i) terminate further automatic debits, in which
case you will be responsible for making all further payments directly and in a timely manner, (ii) debit your Business Payment
Account and Bank Account, at any time and from time to time, for any amounts due us until paid in full, (iii) subject to any
right to notice of default and right to cure required by state law (which you agree to waive to the greatest extent possible),
declare all outstanding Loans immediately due and payable and (iv) pursue any and all other remedies available to us.

 

Account Maintenance. You agree to maintain in your Business
Payment Account or Bank Account, as appropriate, sufficient funds to meet each Total Minimum Monthly Payment obligation. We may
initiate a debit at any time on a Payment Due Date, including prior to the time that we open for business on any business day.
Consequently, you understand that funds must be available by the end of the business day prior to the applicable Payment Due Date
and maintained in your Business Payment Account or Bank Account until the debit is processed.

 

Terminating or Disputing Authorization; Stopping Payment. You
may terminate your automatic electronic debit authorization by notifying us in writing at least three (3) or more business days
before a scheduled Payment Due Date, and your termination will be effective three (3) business days after the date your notice
is received by us. If you call us, we may ask you to send your request in writing to us within 14 calendar days of your call. Terminating
this automatic debit authorization, stopping payment on a scheduled debit or claiming that a debit transaction pursuant to this
Section 1.3 is unauthorized is an event of default under this Agreement; as a result, we may initiate manually one or more debits
to your Business Payment Account or Bank Account, at any time and from time to time, for all amounts due us. We may modify
or terminate automatic debiting for any reason by notifying you in writing at your last known address in our records. Following
the date of any termination of automatic debits by you or by us, you will be responsible for making all further payments directly
and in a timely manner.

 

Alternative Payment. If for any reason we are unable to initiate
an electronic debit, you agree that we may prepare and deposit a remotely created check in the same amount.

 

Credit Card Transactions. We do not accept payments from
consumer accounts. If you choose to provide a credit card number as back-up funding for your Business Payment Account, you agree
to waive any right of chargeback or dispute as to any commercial transaction involving us and your Business Payment Account. You
agree that your obligation to pay under this Agreement is not related to any consumer transaction. There can be no ground for any
refund or return. All payments to us are final. You agree that we may apply any credit balance to any outstanding Loan or other
obligation you have with us or issue a check to you.

 

 

    	 	4	 

     

    

 

Other Payments. You may make additional or alternative payments
at any time. Payments by postal mail should be sent, postage paid, to the following address: Kabbage Business Loan Payments, P.O.
Box 77073, Atlanta, GA 30357. You may also call Customer Service to arrange payments by overnight delivery, telephone or other
acceptable method. Payments made to any other address than as specified by us may result in a delay in processing and/or crediting
for which we will not be responsible. All payments must be made in good funds by check, money order, automatic payment from an
account at an U.S. institution offering such service, or other instrument, in U.S. dollars. You are solely responsible for any
costs associated with a payment. Payments received after 5:00 p.m. (ET) on any day will be credited on the next day. Credit to
your account may be delayed up to five (5) calendar days if a payment (a) is not received at the above address, (b) is not made
in U.S. dollars drawn on a U.S. financial institution located in the U.S., (c) contains more than one payment, or (d) includes
staples, paper clips, tape, a folded check, or correspondence of any type.

 

Acceptance of Late and Partial Payments; Disputed Amounts. We
may accept late or partial payments without losing any of our rights under this Agreement. You agree not to send us partial payments
marked “paid in full,” “without recourse” or similar language. If you send such a payment, we may accept
it without losing any of our rights under this Agreement. All written communications concerning disputed amounts, including
any check or other instrument that indicates that the payment constitutes “payment in full” of your payment or fee
obligations or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount, must be mailed
or delivered to Kabbage Business Loan Dispute Resolution, P.O. Box 77081, Atlanta, GA 30357. 

 

Section 1.4. Returned Payment Fee. If a payment is
rejected, returned or dishonored, for any reason, we may assess a Returned Payment Fee in the amount of $20, which
fee will be in addition to any Late Fee that may be due.

 

Section 1.5. Default. You will be in default if any
of the following happen: (i) you fail to make any payment under this Agreement when due; (ii) you break any promise you have made
to us, or you fail to comply with or to perform any term, obligation, covenant, or condition under this Agreement; (iii) you terminate
your automatic scheduled debit authorization, stop payment on any authorized debit pursuant to Section 1.3 or claim that a debit
transaction pursuant to Section 1.3 is unauthorized; (iv) you are in default under any loan, security agreement, or any other agreement,
in favor of any other party to whom you owe debt that may affect any of your property or your ability to perform your obligations
under this Agreement; (v) any representation or statement made or furnished to us by you or on your behalf is false or misleading
either now or at the time made or furnished; (vi) a material change occurs in your ownership or organizational structure (acknowledging
that any change in ownership will be deemed material when ownership is closely held); (vii) you liquidate or dissolve, or enter
into any consolidation merger, partnership, joint venture or other combination without our prior written consent; (viii) you sell
any assets except in the ordinary course of your business as now conducted, or sell, lease, assign or transfer any substantial
part of your business or fixed assets or any property or other assets necessary for the continuance of your business as now conducted,
including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (ix) any
guaranty of performance given to us ceases to be in full force and effect or is declared to be null and void; or the validity or
enforceability thereof is contested in a judicial proceeding; or Owner denies that Owner has any further liability under such guaranty;
or Owner defaults in any provision of any guaranty, or any financial information provided by Owner is false or misleading; (x)
if you are a sole proprietorship, the Owner dies; if you are a trust, a trustor dies; if you are a partnership, any general or
managing partner dies; if you are a corporation, any principal officer or 10.00% or greater shareholder dies; if you are a limited
liability company, any managing member dies; if you are any other form of business entity, any person(s) directly or indirectly
controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (xi) any creditor tries to take any of
your property on or in which we have a lien or security interest; (xii) a judgment is entered against you or Owner in the aggregate
amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (xiii) an involuntary lien is attached
to any of your or Owner’s assets or property and not satisfied within thirty (30) days or stayed pending appeal; or
(xiv) any of the events described in this default section occurs with respect to Owner.

 

Our Rights Upon Default. Upon default, we may demand the
immediate payment of all amounts owed us We may hire or pay someone else to help collect any amount that you may owe us. You agree
to pay any collection, arbitration, court costs incurred by us or other sums provided or allowed by law. This includes, subject
to any limits under applicable law, attorneys’ fees and legal expenses for bankruptcy proceedings, civil actions, arbitration
proceedings, declaratory actions or other filings or proceedings, and efforts to modify or vacate any automatic stay or injunction,
appeals, and any anticipated post- judgment collection services.

 

Notice of Merchant or Owner Default. You agree to furnish
to us, immediately upon becoming aware of the existence of any condition or event which with the lapse of time or failure to give
notice would constitute an event of default under this Agreement, written notice specifying the nature and period of the existence
of such condition or event and any action which you are taking or propose to take with respect thereto.

 

 

    	 	5	 

     

    

 

Section 1.6. Arbitration (Agreement to Arbitrate Claims).

 

Except as otherwise stated below, any Claim (as defined below) will
be resolved by binding arbitration pursuant to (a) this Arbitration Provision and (b) the code of procedure of the national arbitration
organization to which the Claim is referred (as in effect when the Claim is filed). Claims will be referred to either Judicial
Arbitration and Mediation Services (“JAMS”) or the American Arbitration Association (“AAA”), as selected
by the party electing to use arbitration. Streamlined arbitration procedures will be used if available. If a selection by us of
one of these organizations is unacceptable to you, you have the right, within 30 days after you receive notice of our election,
to select the other organization listed to serve as arbitration administrator. For purposes of this Arbitration Provision, “Claim”
means any claim, dispute or controversy (whether in contract, tort, or otherwise) past, present or future, (collectively, "Claims")
as further described below. (If for any reason a selected organization cannot, will not or ceases to serve as an arbitration administrator,
you or we may substitute another arbitrator or arbitration organization that uses a similar code of procedure and is mutually acceptable
to both parties, in accordance with Section 5 of the Federal Arbitration Act. If both parties cannot agree on an arbitration organization,
then either party may ask a court of competent jurisdiction to appoint a qualified arbitration organization.) An arbitration proceeding
can decide only your or our Claims. You cannot join other parties (or consolidate Claims). Neither you nor we will be permitted
to arbitrate claims on a class-wide (that is, on other than an individual) basis.

 

Small Claims Court Option. All parties, including related
third parties, shall retain the right to seek adjudication of an individual (and not class or representative) Claim in a small
claims tribunal in the county of your residence for disputes within the scope of such tribunal’s jurisdiction. Any dispute,
which cannot be adjudicated within the jurisdiction of a small claims tribunal (including claims transferred by the small claims
tribunal to another court) shall be resolved by binding arbitration. Any appeal of a judgment from a small claims tribunal shall
be resolved by binding arbitration.

 

SIGNIFICANCE OF ARBITRATION; LIMITATIONS AND RESTRICTIONS. IN
ARBITRATION, NEITHER YOU NOR WE WILL HAVE THE RIGHT TO (i) HAVE A COURT OR JURY DECIDE THE CLAIM BEING ARBITRATED, (ii) ENGAGE
IN PRE-ARBITRATION DISCOVERY (THAT IS, THE RIGHT TO OBTAIN INFORMATION FROM THE OTHER PARTY) TO THE SAME EXTENT THAT YOU OR WE
COULD IN COURT, (iii) PARTICIPATE AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS IN A CLASS ACTION, IN COURT OR IN ARBITRATION,
RELATING TO ANY CLAIM SUBJECT TO ARBITRATION OR (iv) JOIN OR CONSOLIDATE CLAIMS OTHER THAN YOUR OWN OR OUR OWN. OTHER RIGHTS AVAILABLE
IN COURT MAY NOT BE AVAILABLE IN ARBITRATION. Except as set forth below, the arbitrator’s decision will be final and
binding. Only a court may decide the validity of items (iii) and (iv) above. If a court holds that items (iii) or (iv) are limited,
invalid or unenforceable, then this entire Arbitration Provision will be null and void. You or we can appeal any such holding.
If a court holds that any other part(s) of this Arbitration Provision (other than items (iii) and (iv)) are invalid, then the remaining
parts of this Arbitration Provision will remain in force. An arbitrator will decide all other issues pertaining to arbitrability,
validity, interpretation and enforceability of this Arbitration Provision. The decision of an arbitrator is as enforceable as
any court order and may be subject to very limited review by a court. An arbitrator may decide any Claim upon the submission of
documents alone. A party may request a telephonic hearing if permitted by applicable rules. The exchange of non-privileged
information relevant to any Claim, between the parties, is permitted and encouraged. Either party may submit relevant information,
documents or exhibits to the arbitrator for consideration in deciding any Claim.

 

Right to Opt-Out of Arbitration. You may opt-out of this
Arbitration Provision. If you do so, neither you nor we will have the right to engage in arbitration. Opting out of this Arbitration
Provision will have no effect on any of the other provisions in this Agreement. To opt out of this Arbitration Provision, we must
receive your written notice of opt-out, within 60 calendar days after we approve your Loan, at Account Services Dispute
Resolution, P.O. Box 77081, Atlanta, GA 30357; ATTN: Arbitration. In your letter, you must give us the following information: Name,
Address and Loan number. The right to opt-out granted here applies solely to this Arbitration Provision and this Agreement, and
not to any other provision of this Agreement or to any other Loan or other agreement with us. In the event of a dispute over whether
you have provided a timely opt-out notice, you must provide proof of delivery.

 

Broad Meaning of "Claims." The term "Claims"
in this Arbitration Provision is to be given the broadest possible meaning and includes (by way of example and without limitation)
Claims arising from or relating to (i) this Agreement, (ii) any transactions effected pursuant to this Agreement, (iii) terms of
or change or addition of terms to this Agreement, (iv) collection of your obligations arising from this Agreement, (v) advertisements,
promotions or oral or written statements relating to this Agreement or any transactions between us pursuant to this Agreement,
including any Claims regarding information obtained by us from, or reported by us to, credit reporting agencies or others, (vi)
Claims between you and us or our parent corporations, wholly or majority owned subsidiaries, affiliates, predecessors, successors,
assigns, agents, independent contractors, employees, officers, directors or representatives arising from any transaction between
us pursuant to this Agreement and (vii) Claims regarding the validity, enforceability or scope of this Arbitration Provision or
this Agreement including but not limited to whether a given claim or dispute is subject to arbitration.

 

 

    	 	6	 

     

    

 

Arbitration Procedure and Costs. For a copy of relevant codes
of procedure, to file a Claim or for other information about JAMS and AAA, write them, visit their web site or call them at: (i)
for JAMS, 1920 Main Street, Suite 300, Irvine, CA 92614, info@jamsadr.com, http://www.jamsadr.com,
or 1-800-352-5267; or (ii) for AAA, 1633 Broadway, 10th Floor, New York, NY 10019, websitemail@adr.org,
http://www.adr.org, or 1-800-778-7879. If either party fails to submit to arbitration
following a proper demand to do so, that party will bear the costs and expenses, including reasonable attorneys’ fees, incurred
by the party compelling arbitration. Any physical arbitration hearing will be held in the federal judicial district selected by
Merchant. No matter which party initiates the arbitration, we will advance or reimburse filing fees and other costs or fees of
arbitration. Each party will initially be responsible for its own attorneys’, experts’ and witness fees and related
costs and expenses. Unless prohibited by law, the arbitrator may, applying applicable law, award fees, costs and reasonable attorneys’
fees and expenses to the party who substantially prevails in the arbitration. The allocation of fees and costs relating to an appeal
in arbitration will be handled in the same manner. For an explanation and schedule of the fees that may apply to an arbitration
proceeding, please contact the organizations at the addresses above. The appropriate fee schedule in effect from time to time is
hereby incorporated by reference into this Arbitration Provision. The cost of arbitration may be higher or lower than the cost
of bringing a Claim in court, depending upon the nature of the Claim and how the arbitration proceeds. Having more than one Claim
and holding a physical arbitration hearing can increase the cost of arbitration.

 

Governing Law for Arbitration. This Arbitration Provision
is made pursuant to a transaction involving interstate commerce, and will be governed by the Federal Arbitration Act ("FAA"),
9 U.S.C. §§ 1 et seq., as amended, notwithstanding any other governing law provision in this Agreement. The arbitrator
will apply applicable substantive law consistent with the FAA and applicable statutes of limitations and will honor claims of privilege
recognized at law. Judgment upon any arbitration award may be entered and enforced in any court having jurisdiction. The arbitrator’s
decision will be final and binding, except for any right of appeal provided by the FAA, in which case any party can appeal the
award to a three-arbitrator panel administered by the selected arbitration administrator. The panel will reconsider de novo
(that is, without deference to the ruling of the original arbitration) any aspect of the initial award requested by the appealing
party.

 

Continued Effect of Arbitration Provision. This Arbitration
Provision will continue to govern any Claims that may arise without regard to any termination or cancellation of this Agreement.
If any portion of this Arbitration Provision (other than the provisions prohibiting class-wide arbitration, joinder or consolidation)
is deemed invalid or unenforceable under the FAA, it will not invalidate the remaining portions of this Arbitration Provision.
If a conflict or inconsistency arises between the code of procedures of the selected arbitration administrator and this Arbitration
Provision, this Arbitration Provision will control.

 

II. REPRESENTATIONS, WARRANTIES AND COVENANTS

 

Each of Merchant and Owner represents, warrants and covenants the
following as of the date hereof and at all times during the term of this Agreement:

 

Section 2.1. Covenant Representation. Merchant shall
comply with each of the Merchant Contractual Covenants as set forth herein.

 

Section 2.2. Business Information. All information
(financial and other) provided by or on behalf of Merchant to Bank in connection with the execution of or pursuant to this Agreement
and during the term of this Agreement is and will be true, accurate and complete in all respects. Merchant shall furnish Bank such
information as Bank may request from time to time.

 

Section 2.3. Reliance on Information. Merchant and
Owner acknowledge and agree that all information (financial and other) provided by or on behalf of Merchant and Owner either as
of the date hereof or hereafter has been and may continue to be relied upon by Bank in connection with any decision that Bank makes
to extend additional time to repay or to loan you future funds.

 

Section 2.4. Compliance. Merchant is in compliance
with any and all federal, state and local laws and regulations and rules and regulations relating to (i) the operation of Merchant’s
business, including the collection of accounts receivable, and (ii) the provider of the Business Payment Account and Bank Account
and any online sales channels (e.g., eBay) applicable to Merchant’s business. Merchant possesses and is in compliance with
all permits, licenses, approvals, consents, registrations and other authorizations necessary to own, operate and lease its properties
and to conduct the business in which it is presently engaged.

 

Section 2.5. Authorization. Merchant and Owner have
full power and authority to enter into and perform the obligations under this Agreement, all of which have been duly authorized
by all necessary and proper actions.

 

 

    	 	7	 

     

    

 

Section 2.6. Insurance. Merchant shall maintain insurance
in such amounts and against such risks as are consistent with past practice and shall show proof of such insurance upon the request
of Bank.

 

Section 2.7. Change in Name or Location. Merchant
does not and shall not conduct Merchant’s business under any name other than as disclosed to Bank and shall not change its
place of business.

 

Section 2.8. Merchant Not Indebted to Bank. Neither Merchant
nor Owner is a debtor of Bank as of the date of this Agreement.

 

Section 2.9. Owner. Owner shall cause Merchant to
fulfill each of Merchant’s covenants hereunder.

 

Section 2.10. Working Capital Funding. Merchant shall
not enter into any arrangement, agreement or commitment that relates to or involves Merchant’s accounts receivable, whether
in the form of a purchase of, a loan against, or the sale or purchase of credits against, Merchant’s accounts receivable
or future credit card or online sales with any party other than Bank.

 

Section 2.11. Unencumbered Accounts Receivable. Merchant
has good, complete and marketable title to all of its accounts receivable, free and clear of any and all liabilities, liens, claims,
charges, restrictions, conditions, options, rights, mortgages, security interests, equities, pledges and encumbrances of any kind
or nature whatsoever or any other rights or interests that may be inconsistent with the transactions contemplated with, or adverse
to the interests of, Bank.

 

Section 2.12. Business Purpose. Merchant is a valid
business in good standing under the laws of the jurisdictions in which it is organized and/or operates, and Merchant is entering
into this Agreement solely for business purposes and not as a consumer for personal, family or household purposes. Merchant’s
Business Payment Account and Bank Account are each specifically designated as business purpose accounts and are each used solely
for sales of goods and or services sold or rendered by Merchant and not used for personal, family or household purposes.

 

III. ADDITIONAL TERMS

 

Section 3.1. Security Interest. Merchant grants to
Bank, to secure Merchant’s performance under this Agreement, a continuing first lien security interest, unless otherwise
agreed in writing by Bank, in the following property of Merchant, wherever found, that Merchant now owns or shall acquire: (a)
all tangible and intangible personal property of Merchant, including, all accounts, deposit accounts, chattel paper, documents,
equipment, general intangibles, instruments, inventory, investment property (including certificated and uncertificated securities,
securities accounts, securities entitlements, commodity contracts and commodity accounts), letter of credit rights, commercial
tort claims and as-extracted collateral (as those terms are defined in Article 9 of the Uniform Commercial Code (“UCC”)
in effect from time-to-time in the State of Georgia); (b) all patents, patent applications, trademarks, trade names, service marks,
logos, copyrights, and other sources of business identifiers, and all registrations, recordings and applications with the U.S.
Patent and Trademark Office (“USPTO”) and U.S. Copyright Office and all renewals, reissues and extensions thereof (collectively
“IP”), together with any written agreement granting any right to use any IP; and (c) all accessions, attachments, accessories,
parts, supplies and replacements, products, proceeds and collections with respect to the items described in (a) and (b) above,
as those terms are defined in Article 9 of the UCC and all records and data relating thereto.

 

Section 3.2. Financing Statements. Merchant understands
and agrees that Bank may at anytime file one or more (i) UCC-1 financing statements, lien entry form or other document to perfect,
amend or continue any interest granted in Section 3.1 above and (ii) assignments with USPTO and/or U.S. Copyright Office to perfect
any security interest in IP described above. Merchant agrees to cooperate with Bank as may be necessary to accomplish said filing
and authorizes Bank to sign Merchant’s name to effect the filing or continuation of any such filings.

 

Section 3.3. Remedies. In the event that any representation
or warranty of Merchant or Owner contained in this Agreement is not true, accurate and complete, or in the event of a breach of
any of the covenants contained in this Agreement, including the Merchant Contractual Covenants, Bank shall be entitled to all remedies
available under law. The obligation of Owner in Section 2.9 of this Agreement is primary and unconditional and Owner waives any
right to require Bank to proceed first against Merchant before recovering damages from Owner.

 

Section 3.4. [Reserved]

 

Section 3.5. Protection of Information. Except for
Confidential Information (as defined below), Merchant and Owner each authorize Bank to disclose to any third party information
concerning Merchant’s and Owner’s business conduct. Merchant and Owner hereby waive to the maximum extent permitted
by law any claim for damages against Bank or any of its affiliates relating to any (i) investigation undertaken by or on behalf
of Bank as permitted by this Agreement or (ii) disclosure of information as permitted by this Agreement.

 

    	 	8	 

     

    

 

Section 3.6. Confidentiality. Merchant understands
and agrees that the terms and conditions of the products and services offered by Bank, including this Agreement and any other Bank
documentation (collectively, “Confidential Information”) are proprietary and confidential information of Bank. Accordingly,
unless disclosure is required by law or court order, Merchant shall not disclose Confidential Information to any person other than
an attorney, accountant, financial advisor or employee of Merchant who needs to know such information for the purpose of advising
Merchant (“Advisor”), provided such Advisor uses such information solely for the purpose of advising Merchant and first
agrees in writing to be bound by the terms of this Section 3.6. The foregoing covenants of Merchant shall exist for the duration
of the relationship of the parties and, with respect to all Confidential Information, that comprises a Trade Secret (under Georgia
law) for so long as such information continues to constitute a Trade Secret and, otherwise, for three (3) years after termination
of the relationship between the parties.

 

Section 3.7. Transfer and Assignment. Without prior
notice or approval by you, we reserve the right to sell or transfer all or any portion of our interest in this Agreement to another
entity or person. Your rights and obligations under this Agreement belong solely to you and may not be transferred or assigned
by you. Your obligations, however, are nonetheless binding upon you and your heirs, legal representatives, successors, and assigns.

 

Section 3.8. Publicity. Merchant and Owner authorize
Bank to use Merchant’s or Owner’s name in a listing of clients and in advertising and marketing materials.

 

IV. MISCELLANEOUS

 

Section 4.1. Modifications; Amendments; Construction.
No modification, amendment or waiver of any provision of this Agreement shall be effective unless the same shall be in writing
and signed by the parties affected. The headings of the sections and subsections herein are inserted for convenience only and under
no circumstances shall they affect in any way the meaning or interpretation of this Agreement. For purposes of this Agreement,
"including" shall mean "including, without limitation."

 

Section 4.2. Notices. Except as otherwise provided
in this Agreement, any notice provided under this Agreement must be in writing but may be provided electronically. Notices will
be deemed given when properly addressed and deposited in the U.S. mail, postage prepaid, First Class mail; delivered in person;
or sent by registered mail; by certified mail; by nationally recognized overnight courier; or by electronic mail. Notice to you
will be sent to your last known address in our records. Notice to any of you will be deemed notice to all of you. Notice to us
may be sent to Kabbage, P.O. Box 77081, Atlanta, GA 30357. You agree to notify us immediately if you change your name, your
postal or electronic mail address or other contact information, if there are any errors in the information regarding transactions
on your account or information that you provide to us, or if any of you dies, is declared incompetent or is subject of a bankruptcy
or insolvency proceeding. You agree that a notice of incompetence is not effective unless issued by a court having jurisdiction
and we receive notice and instruction from the court. Notwithstanding the above, we may, at our option, accept other evidence
of incompetence acceptable to us. You agree to indemnify and hold us harmless from and against any and all claims relating to acceptance
or non-acceptance of proof of incompetence in any transaction. This indemnity will survive termination of this Agreement.

 

Section 4.3. Waiver; Remedies. No delay on the part
of Bank to exercise, and no delay in exercising, any right under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right under this Agreement preclude any other or further exercise of any other right. The remedies
provided hereunder are cumulative and not exclusive of any remedies provided by law or equity.

 

Section 4.4. D/B/A’s. Merchant hereby
acknowledges and agrees that Bank may be using “doing business as” or “d/b/a” names in connection with
various matters relating to the transaction between Bank and Merchant, including the filing of UCC-1 financing statements and other
notices or filings.

 

Section 4.5. Binding Effect. This Agreement shall
be binding upon and inure to the benefit of Merchant, Owner, Bank and their respective successors and permitted assigns.

 

Section 4.6. Governing Law. With the exception of Section
1.17 above (which is to be governed exclusively by the FAA), this Agreement shall be governed by, and construed in accordance with,
the internal laws of the State of Utah without regard to internal principles of conflict of laws. Merchant hereby submits to
the jurisdiction of any Utah state or federal court sitting in Salt Lake County, Utah, at Bank’s choice. Merchant hereby
waives any claim that an action is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement
or the transactions of which this Agreement is a part may not be enforced in or by any of the above-named courts.

 

    	 	9	 

     

    

 

Section 4.7. Term and Survival. This Agreement shall
continue in full force and effect until all obligations hereunder have been satisfied in full; provided, however, that any Section
that, by its terms suggests survival beyond termination hereof, shall so survive until the natural expiration thereof.

 

Section 4.8. Severability. In case any one or more
of the provisions contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby.

 

Section 4.9. Entire Agreement. This Agreement contains
the entire agreement and understanding among Merchant, Owner and Bank and supersedes all prior agreements and understandings, whether
oral or in writing, relating to the subject matter hereof unless otherwise specifically reaffirmed or restated herein.

 

Section 4.10. Jury Trial Waiver. THE PARTIES HERETO
WAIVE TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION WITH OR IN ANY WAY RELATED
TO THE TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR THE ENFORCEMENT HEREOF, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW
OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. THE PARTIES HERETO ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY,
WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR
ATTORNEYS.

 

Section 4.11. Class Action Waiver. THE PARTIES HERETO
WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION,
EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW AGAINST PUBLIC POLICY. TO THE EXTENT EITHER PARTY IS PERMITTED BY LAW OR COURT OF
LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES HEREBY AGREE THAT: (1) THE PREVAILING PARTY
SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT
WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (2) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL
NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.

 

Section 4.12. Telephone Monitoring and Recording.
To ensure that you receive quality service and for training purposes, you agree that we may select phone calls for monitoring and/or
recording.

 

Section 4.13. Communicating With You and Owner; Consent to
Contact by Electronic and Other Means. For purposes of this Section 4.13, "you" means Merchant, Owner and any
agent or representative of Merchant or Owner, collectively and individually, for purposes of communications between you and Bank
regarding this Agreement and related commercial transactions. You agree that we may contact you as provided in this paragraph.
We may contact you for any lawful reason, including for the collection of amounts owed to us and for the offering of products or
services to Merchant in compliance with our Bank Privacy Policy in effect from time to time. No such contact will be deemed unsolicited.
You specifically agree that we may (i) contact you at any address (including email) or telephone number (including wireless
cellular telephone or ported landline telephone number) as you may provide to us from time to time, even if you asked to have your
number added to any state or federal do-not-call registry; (ii) use any means of communication, including, but not limited to,
postal mail, electronic mail, telephone or other technology, to reach you; (iii) use automatic dialing and announcing devices which
may play recorded messages; and (iv) send text messages to your telephone. You may withdraw this express written consent at
any time by contacting us at Kabbage Business Loan—Withdrawal of Express Consent, P.O. Box 77081, Atlanta, GA 30357
and telling us specifically what address or telephone number not to use.

 

Section 4.14. In case of Errors or Questions About Your Account
Summary If you think your Account Summary is wrong, or if you need more information about an item on your Account Summary,
write as soon as possible to: Kabbage Business Loan Account Inquiries, P.O. Box 77081, Atlanta, GA 30357. We must hear from
you no later than 60 days after we sent you the first Account Summary on which the error or problem appeared.

 

In your letter, please give us the following information:

 

		·	Your name and email address,

		·	The dollar amount of the suspected error,

		·	A description of the error, and

		·	An explanation of why you believe there is an error.

 

    	 	10	 

     

    

 

If you need more information, describe the item you are unsure about.
You remain obligated to make any remaining Total Minimum Monthly Payment while we investigate.

 

	

Consent
to Electronic Disclosure. You can access transaction information by visiting www.kabbage.com and
logging in. By checking the “Submit” box on your application, you agree to receive this Agreement and subsequent disclosures
and notices (collectively, “Subsequent Disclosures”) electronically. We will provide electronic copies of periodic
statements and Subsequent Disclosures on our web site. To access, view and retain electronic disclosures on our web site, you must
have a computer with Internet access and either a printer connected to your computer to print disclosures/notices or sufficient
hard drive space available to save the information. The minimum software requirements include browser software that supports 128-bit
security encryption and Adobe Reader® version 9.0. By clicking the “Submit” button on your application, you acknowledge
that you are able to access our website (www.kabbage.com) and print, or otherwise retain, electronic
disclosures. You may request a paper copy of any legally required disclosure by contacting us at Kabbage Business Loan—Paper
Disclosure Request, P.O. Box 77081, Atlanta, GA 30357. You may also withdraw your consent to electronic disclosures by contacting
us in the same manner. If you withdraw your consent to electronic disclosures, we may elect to terminate our relationship with
you. You agree to provide us with your current e-mail address for notices. If your e-mail address changes, you must send us a notice
of the new address by writing to us at least five days before the effective date of the change.

 

 

 

By checking the “Submit” box in your application,
you acknowledge receipt of this Agreement, state that you have read and agreed to its terms and conditions, and agree to receive
disclosures electronically.

 

Electronic Signature of Merchant/Owner: You each acknowledge
and agree that any electronic or digital signature provided by telephone, on any application or other document signed in connection
with your account represents your signature on this Agreement.

 

 

    	 	11

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