Document:

Exhibit
10.1

 

 

Unique
Funding Solutions LLC

71
S. Central Ave, Suite 200, Valley Stream, NY 11580

1-888-985-1837

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

This
is an Agreement dated 07/29/2022 by and between Unique Funding Solutions LLC (“UFS”) and each merchant listed below (“Merchant”).

 

	Merchant’s
    Legal Name:	CONNEXA
    SPORTS TECHNOLOGIES INC.
	D/B/A:	SLINGER
    BAG AMERICAS INC DBA SLINGER BAG DBA	FED
    ID #	 	61-1789640
	 	SLINGER
    BAG AMERICAS
	Type
    of Entity:	Corporation	 	 	 	 	 	 
	Business
    Address:	2709
    N ROLLING ROAD STE 138	City:	WINDSOR
    MILL	State:	MD	Zip:	21244
	Contact
    Address:	22
    BLUE FLAX LN	City:	LANGHORNE	State:	PA	Zip:	19047
	Email
    Address:	tom@slingerbag.com

 

	Purchase
                                            Price
 This
                                            is the amount being paid to Merchant(s) for the Receivables Purchased Amount (defined below).
	 	$	750,000.00	 
	 
Receivables
                                            Purchased Amount
 This
                                            is the amount of Receivables (defined in Section 1 below) being sold.
	 	$	1,124,250.00	 
	 
Specified
                                            Percentage
 This
                                            is the percentage of Receivables (defined below) to be delivered until the Receivables Purchased
                                            Amount is paid in full.
	 	 	10	%
	 
Net
                                            Funds Provided
 This
                                            is the net amount being paid to or on behalf of Merchant(s) after deduction of applicable
                                            fees listed in Section 2 below.
	 	$	712,500.00	 
	Initial
                                            Estimated Payment

                                     
 This
                                            is only applicable if an Addendum for Estimated Payments is being signed. This is the initial
                                            amount of periodic payments collected from Merchant(s) as an approximation of no more than
                                            the Specified Percentage of the Receivables and is subject to
 reconciliation
                                            as set forth in Section 4 below.
	 	$	 
 
44,970.00
  
 per
                                            week
	 

 

TERMS
AND CONDITIONS

 

1.
Sale of Future Receipts. Merchant(s) hereby sell, assign, and transfer to UFS (making UFS the absolute owner) in consideration
of the funds provided (“Purchase Price”) specified above, all of each Merchant’s future accounts, contract rights,
and other obligations arising from or relating to the payment of monies from each Merchant’s customers and/or other third party
payors (the “Receivables”, defined as all payments made by cash, check, credit or debit card, electronic transfer, or other
form of monetary payment in the ordinary course of each merchant’s business), for the payment of each Merchant’s sale of
goods or services until the amount specified above (the “Receivables Purchased Amount”) has been delivered by Merchant(s)
to UFS. Each Merchant hereby acknowledges that until the Receivables

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 2 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

Purchased
Amount has been received in full by UFS, the Specified Percentage of each Merchant’s Receivables, up to the balance of the Receivables
Purchased Amount, are the property of UFS and not the property of any Merchant. Each Merchant agrees that it is a fiduciary for UFS and
that each Merchant will hold Receivables in trust for UFS in its capacity as a fiduciary for UFS.

 

The
Receivables Purchased Amount shall be paid to UFS by each Merchant irrevocably authorizing only one depositing account acceptable to
UFS (the “Account”) to remit the percentage specified above (the “Specified Percentage”) of each Merchant’s
settlement amounts due from each transaction, until such time as UFS receives payment in full of the Receivables Purchased Amount. Each
Merchant hereby authorizes UFS to ACH debit the specified remittances from the Account on a daily basis as of the next business day after
the date of this Agreement and will provide UFS with all required access codes and monthly bank statements. Each Merchant will be held
responsible for any fees resulting from a rejected ACH attempt (unless Merchant gave UFS prior notice that such ACH would be rejected)
or an Event of Default (see Section 2). UFS is not responsible for any overdrafts or rejected transactions that may result from UFS’s
ACH debiting the Specified Percentage amounts under the terms of this Agreement, unless Merchant gave UFS prior notice that such ACH
would be rejected.

 

2.
Additional Fees. In addition to the Receivables Purchased Amount, each Merchant will be held responsible to UFS for the following
fees, where applicable:

 

A.
$37,500.00 - to cover underwriting and the ACH debit program, as well as related expenses. This will be deducted from payment of the
Purchase Price.

 

B.
NSF/ Rejected ACH Fee - $50.00 (each), unless prior notice was provided to UFS with sufficient time to stop the ACH from being processed.

 

		C.	Blocked
                                            Account/Default - $2,500.00 - If there is an Event of Default under Section 34.

 

D.
Court costs, arbitration fees, collection agency fees, attorney fees, expert fees, and any other expenses incurred in litigation, arbitration,
or the enforcement of any of UFS’s legal or contractual rights against each Merchant, if required, as explained in other Sections
of this Agreement.

 

3.
Cap on Collection of the Receivables Purchased Amount. The amount that UFS will collect from Merchant(s) towards the Receivables
Purchased Amount during any specific week will be capped at $44,970.00 (the “Cap”). If the Specified Percentage of all Receivables
for a specific week is less than the Cap, then in addition to the Specified Percentage of Receivables for that week, UFS will be permitted
to collect any Receivables it did not previously collect due to the Cap such that the total amount collected during that week does not
exceed the Cap. The Cap is not applicable to make up for a business day on which UFS is closed and does not ACH debit the Account, to
subsequent attempts to collect a rejected or blocked ACH payment, to debit any amount due pursuant to a reconciliation as set forth in
Section 4, or for the collection of any of the fees listed in Section 2 or if any Event of Default listed in Section 34 is considered
by UFS to have taken place.

 

4.
Reconciliations. Any Merchant may request that UFS conduct a reconciliation in order to ensure that the amount that UFS has collected
equals the Specified Percentage of Merchant(s)’s Receivables under this Agreement. Any Merchant may request such a reconciliation
by giving written notice of the request to UFS. A reconciliation may also be requested by e-mail to reconciliation@ufsfunding.com. If
UFS has collected more than it was entitled to, then UFS will credit to the Account all amounts to which UFS was not entitled within
three days thereafter. If UFS collected less than it was entitled to, then UFS will debit from the Account all additional amounts to
which UFS was entitled within seven days thereafter. In addition, the Initial Estimated Payment shall be adjusted, if applicable, to
reflect the past and expected Specified Percentage of receivables of Merchant (the “Adjusted Estimated Payment”). In order
to effectuate this reconciliation, any Merchant must produce with its request the login and password for the Account and any and all
bank statements and merchant statements covering the period from the date of this Agreement through the date of the request for a reconciliation.
UFS will complete each such reconciliation within two business days after receipt of a written request for one accompanied by the information
and documents required for it. Nothing herein limits the amount of times that such a reconciliation may be requested.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 3 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

Name
and Title: THOMAS EDWIN DYE JR, Owner Date: 07/29/2022 Name and

5.
Prepayments. Although there is no obligation to do so, any Merchant may prepay any amount towards the Receivables Purchased Amount.
There will be no penalty for any prepayment made by any Merchant. Any Merchant may elect to terminate this Agreement by prepaying UFS
the amount of the balance of the Receivables Purchased Amount at that time.

 

6.
Merchant Deposit Agreement. Merchant(s) shall appoint a bank acceptable to UFS, to obtain electronic fund transfer services and/or
“ACH” payments. Merchant(s) shall provide UFS and/or its authorized agent with all of the information, authorizations, and
passwords necessary to verify each Merchant’s Receivables. Merchant(s) shall authorize UFS and/or its agent(s) to deduct the amounts
owed to UFS for the Receivables as specified herein from settlement amounts which would otherwise be due to each Merchant and to pay
such amounts to UFS by permitting UFS to withdraw the Specified Percentage by ACH debiting of the account. The authorization shall be
irrevocable absent UFS’s written consent.

 

7.
Term of Agreement. The term of this Agreement is indefinite and shall continue until UFS receives the full Receivables Purchased
Amount, or earlier if terminated pursuant to any provision of this Agreement. The provisions of Sections 4, 6, 7, 8, 10, 11, 13, 14,
15, 17, 18, 19, 22, 23, 28, 31, 32, 33, 34, 35, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47,

48,
49, 50, 51, 52, 53, 54, 55, 56, 57, and 58 shall survive any termination of this Agreement.

 

8.
Ordinary Course of Business. Each Merchant acknowledges that it is entering into this Agreement in the ordinary course of its
business and that the payments to be made from each Merchant to UFS under this Agreement are being made in the ordinary course of each
Merchant’s business.

 

9.
Financial Condition. Each Merchant authorizes UFS and its agent(s) to investigate each Merchant’s financial responsibility
and history, and will provide to UFS any bank or financial statements, tax returns, and other documents and records, as UFS deems necessary
prior to or at any time after execution of this Agreement. A photocopy of this authorization will be deemed as acceptable for release
of financial information. UFS is authorized to update such information and financial profiles from time to time as it deems appropriate.

 

10.
Monitoring, Recording, and Electronic Communications. UFS may choose to monitor and/or record telephone calls with any Merchant
and its owners, employees, and agents. By signing this Agreement, each Merchant agrees that any call between UFS and any Merchant or
its representatives may be monitored and/or recorded. Each Merchant grants access for UFS to enter any Merchant’s premises and
to observe any Merchant’s premises without any prior notice to any Merchant at any time after execution of this Agreement. UFS
may use automated telephone dialing, text messaging systems, and e-mail to provide messages to Merchant(s), Owner(s) (Owner being defined
as each person who signs this Agreement on behalf of a Merchant), about Merchant(s)’s account. Telephone messages may be played
by a machine automatically when the telephone is answered, whether answered by an Owner, or someone else. These messages may also be
recorded by the recipient’s answering machine or voice mail. Each Merchant, each Owner, gives UFS permission to call or send a
text message to any telephone number given to UFS in connection with this Agreement and to play pre-recorded messages and/or send text
messages with information about this Agreement and/or any Merchant’s account over the phone. Each Merchant, each Owner, also gives
UFS permission to communicate such information to them by e-mail. Each Merchant, each Owner, agree that UFS will not be liable to any
of them for any such calls or electronic communications, even if information is communicated to an unintended recipient. Each Merchant,
each Owner, acknowledge that when they receive such calls or electronic communications, they may incur a charge from the company that
provides them with telecommunications, wireless, and/or Internet services, and that UFS has no liability for any such charges.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 4 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

11.
Accuracy of Information Furnished by Merchant and Investigation Thereof. To the extent set forth herein, each of the parties
is obligated upon his, her, or its execution of the Agreement to all terms of the Agreement. Each Merchant and each Owner signing this
Agreement represent that he or she is authorized to sign this Agreement for each Merchant, legally binding said Merchant to its obligations
under this Agreement and that the information provided herein and in all of UFS’s documents, forms, and recorded interview(s) is
true, accurate, and complete in all respects. UFS may produce a monthly statement reflecting the delivery of the Specified Percentage
of Receivables from Merchant(s) to UFS. An investigative report may be made in connection with the Agreement. Each Merchant and each
Owner signing this Agreement authorize UFS, its agents and representatives, and any credit-reporting agency engaged by UFS, to (i) investigate
any references given or any other statements obtained from or about each Merchant or any of its Owners for the purpose of this Agreement,
and (ii) pull credit report at any time now or for so long as any Merchant and/or Owners(s) continue to have any obligation to UFS under
this Agreement or for UFS’s ability to determine any Merchant’s eligibility to enter into any future agreement with UFS.
Any misrepresentation made by any Merchant or Owner in connection with this Agreement may constitute a separate claim for fraud or intentional
misrepresentation. Authorization for soft pulls: Each Merchant and each Owner understands that by signing this Agreement, they
are providing ‘written instructions’ to UFS under the Fair Credit Reporting Act, authorizing UFS to obtain information from
their personal credit profile or other information from Experian, TransUnion, and Equifax. Each Merchant authorizes UFS to obtain such
information solely to conduct a pre-qualification for credit. Authorization for hard pulls: Each Merchant and each Owner understands
that by signing this Agreement, they are providing ‘written instructions’ to UFS under the Fair Credit Reporting Act, authorizing
UFS to obtain information from their personal credit profile or other information from Experian, TransUnion, and Equifax. Each Merchant
authorizes UFS to obtain such information in accordance with a merchant cash advance application.

12.
Transactional History. Each Merchant authorizes its bank to provide UFS with its banking and/or credit card processing history.

 

13.
Indemnification. Each Merchant jointly and severally indemnify and hold harmless each Merchant’s credit card and check
processors (collectively, “Processor”) and Processor’s officers, directors, and shareholders against all losses, damages,
claims, liabilities, and expenses (including reasonable attorney and expert fees) incurred by Processor resulting from (a) claims asserted
by UFS for monies owed to UFS from any Merchant and (b) actions taken by any Processor in reliance upon information or instructions provided
by UFS.

 

14.
No Liability. In no event will UFS be liable for any claims asserted by any Merchant under any legal theory for lost profits,
lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect, or consequential damages, each of which
is waived by each Merchant.

 

15.
Sale of Receivables. Each Merchant and UFS agree that the Purchase Price under this Agreement is in exchange for the Receivables
Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from UFS to any Merchant. UFS
is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in UFS not receiving
the Receivables Purchased Amount. Any Merchant going bankrupt or going out of business or experiencing a slowdown in business or a delay
in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that
the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. UFS has
purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables
are created. Payments made to UFS in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale
of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Although
certain jurisdictions may require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures
do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 5 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

16.
Power of Attorney. Each Merchant irrevocably appoints UFS as its agent and attorney-in-fact with full authority to take any action
or execute any instrument or document to settle all obligations due to UFS, or, if UFS considers an Event of Default to have taken place
under Section 34, to settle all obligations due to UFS from each Merchant, including without limitation (i) to obtain and adjust insurance;
(ii) to collect monies due or to become due under or in respect of any of the Collateral (which is defined in Section 33); (iii) to receive,
endorse and collect any checks, notes, drafts, instruments, documents, or chattel paper in connection with clause (i) or clause (ii)
above; (iv) to sign each Merchant’s name on any invoice, bill of lading, or assignment directing customers or account debtors to
make payment directly to UFS; and (v) to file any claims or take any action or institute any proceeding which UFS may deem necessary
for the collection of any of the unpaid Receivables Purchased Amount from the Collateral, or otherwise to enforce its rights with respect
to payment of the Receivables Purchased Amount.

 

17.
Protections Against Default. The following Protections 1 through 7 may be invoked by UFS, immediately and without notice to any
Merchant in the event:

(a)
Any Merchant takes any action to discourage the use of methods of payment ordinarily and customarily used by its customers or permits
any event to occur that could have an adverse effect on the use, acceptance, or authorization of checks and credit cards for the purchase
of any Merchant’s services and products;

		(b)	Any
                                            Merchant changes its arrangements with any Processor in any way that is adverse to UFS;

(c)
Any Merchant changes any Processor through which the Receivables are settled to another electronic check and/or credit card processor
or permits any event to occur that could cause diversion of any Merchant’s check and/or credit card transactions to another such
processor;

(d)
Any Merchant interrupts the operation of its business (other than adverse weather, natural disasters, or acts of God) or transfers, moves,
sells, disposes, or otherwise conveys its business or assets without (i) the express prior written consent of UFS and (ii) the written
agreement of any purchaser or transferee to the assumption of all of any Merchant’s obligations under this Agreement pursuant to
documentation satisfactory to UFS; or

(e)
Any Merchant takes any action, fails to take any action, or offers any incentive—economic or otherwise—the result of which
will be to induce any customer or customers to pay for any Merchant’s goods or services with any means other than checks and/or
credit cards that are settled through Processor. These protections are in addition to any other remedies available to UFS at law, in
equity, or otherwise available pursuant to this Agreement.

		(f)	UFS
                                            considers any Event of Default listed in Section 34 to have taken place.

Protection
1: The full uncollected Receivables Purchased Amount plus all fees due under this Agreement may become due and payable in full immediately.

Protection
2. Intentionally Omitted

Protection
3. UFS may enforce its security interest in the Collateral identified in Section 33.

Protection
4. UFS may proceed to protect and enforce its rights and remedies by litigation or arbitration.

Protection
5. UFS may debit any Merchant’s depository accounts wherever situated by means of ACH debit or electronic or facsimile signature
on a computer-generated check drawn on any Merchant’s bank account or otherwise, in an amount consistent with the terms of this
Agreement.

Protection
6. UFS will have the right, without waiving any of its rights and remedies and without notice to any Merchant, to notify each Merchant’s
credit card and/or check processor of the sale of Receivables hereunder and to direct such credit card processor to make payment to UFS
of all or any portion of the amounts received by such credit card processor on behalf of each Merchant. Each Merchant hereby grants to
UFS an irrevocable power-of- attorney, which power-of-attorney will be coupled with an interest, and hereby appoints UFS and its representatives
as each Merchant’s attorney-in-fact to take any and all action necessary to direct such new or additional credit card and/or check
processor to make payment to UFS as contemplated by this Section.

 

18.
Protection of Information. Each Merchant and each person signing this Agreement on behalf of each Merchant and/or as Owner, in
respect of himself or herself personally, authorizes UFS to disclose information concerning each Merchant, Owner credit standing and
business conduct to agents, affiliates, subsidiaries, and credit reporting bureaus. Each Merchant, and Owner hereby waives to the maximum
extent permitted by law any claim for damages against UFS or any of its affiliates relating to any (i) investigation undertaken by or
on behalf of UFS as permitted by this Agreement or (ii) disclosure of information as permitted by this Agreement.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 6 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

19.
Confidentiality. Each Merchant understands and agrees that the terms and conditions of the products and services offered by UFS,
including this Agreement and any other UFS documents (collectively, “Confidential Information”) are proprietary and confidential
information of UFS. Accordingly, unless disclosure is required by law or court order, Merchant(s) shall not disclose Confidential Information
of UFS to any person other than an attorney, accountant, financial advisor, or employee of any Merchant who needs to know such information
for the purpose of advising any Merchant (“Advisor”), provided such Advisor uses such information solely for the purpose
of advising any Merchant and first agrees in writing to be bound by the terms of this Section 19.

 

20.
D/B/As. Each Merchant hereby acknowledges and agrees that UFS may be using “doing business as” or “d/b/a”
names in connection with various matters relating to the transaction between UFS and each Merchant, including the filing of UCC-1 financing
statements and other notices or filings.

 

21.
Financial Condition and Financial Information. Each Merchant represents, warrants, and covenants that its bank and financial
statements, copies of which have been furnished to UFS, and future statements which will be furnished hereafter at the request of UFS,
fairly represent the financial condition of each Merchant at such dates, and that since those dates there have been no material adverse
changes, financial or otherwise, in such condition, operation, or ownership of any Merchant. Each Merchant has a continuing affirmative
obligation to advise UFS of any material adverse change in its financial condition, operation, or ownership.

 

22.
Governmental Approvals. Each Merchant represents, warrants, and covenants that it is in compliance and shall comply with all
laws and has valid permits, authorizations, and licenses to own, operate, and lease its properties and to conduct the business in which
it is presently engaged.

 

23.
Authorization. Each Merchant represents, warrants, and covenants that it and each person signing this Agreement on behalf of
each Merchant has full power and authority to incur and perform the obligations under this Agreement, all of which have been duly authorized.

 

24.
Insurance. Each Merchant represents, warrants, and covenants that withing ten days of written notice of a request by UFS, Merchant(s)
will maintain business-interruption insurance naming UFS as loss payee and additional insured in amounts and against risks as are satisfactory
to UFS and shall provide UFS proof of such insurance upon request.

 

25.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without UFS’s
prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action
that could have any adverse effect upon any Merchant’s obligations under this Agreement.

 

26.
Change of Name or Location. Each Merchant represents, warrants, and covenants that it will not conduct its business under any
name other than as disclosed to UFS or change any place(s) of its business without prior written consent from UFS.

 

27.
Estoppel Certificate. Each Merchant represents, warrants, and covenants that it will, at any time, and from time to time, upon
at least two day’s prior notice from UFS to that Merchant, execute, acknowledge, and deliver to UFS and/or to any other person
or entity specified by UFS, a statement certifying that this Agreement is unmodified and in full force and effect (or, if there have
been modifications, that the same is in full force and effect as modified and stating the modifications) and stating the dates which
the Receivables Purchased Amount or any portion thereof have been paid.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 
	 

    	Page 7 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT
 

28.
No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate
and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition
brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition
and it does not anticipate that an involuntary petition will be filed against it. Each Merchant further warrants that there will be no
statutory presumption that it would have been insolvent on the date of this Agreement.

 

29.
Unencumbered Receivables. Each Merchant represents, warrants, and covenants that it has good, complete, and marketable title
to all Receivables, free and clear of any and all liabilities, liens, claims, changes, 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 this Agreement or adverse to the interests of UFS, other than any for which UFS has actual or constructive knowledge
as of the date of this Agreement.

 

30.
Stacking. Each Merchant represents, warrants, and covenants that it will not enter into with any party other than UFS any arrangement,
agreement, or commitment that relates to or involves the Receivables, whether in the form of a purchase of, a loan against, collateral
against, or the sale or purchase of credits against Receivables without the prior written consent of UFS.

 

31.
Business Purpose. Each Merchant represents, warrants, and covenants that it is a valid business in good standing under the laws
of the jurisdictions in which it is organized and/or operates, and each Merchant is entering into this Agreement for business purposes
and not as a consumer for personal, family, or household purposes.

 

32.
Default Under Other Contracts. Each Merchant represents, warrants, and covenants that its execution of and/or performance under
this Agreement will not cause or create an event of default by any Merchant under any contract with another person or entity.

 

33.
Security Interest. To secure each Merchant’s payment and performance obligations to UFS under this Agreement and any future
agreement with UFS, each Merchant hereby grants to UFS a security interest in collateral (the “Collateral”), that is defined
as collectively: all accounts-receivable, and (b) all proceeds, as that term is defined by Article 9 of the UCC. The parties acknowledge
and agree that any security interest granted to UFS under any other agreement between any Merchant and UFS (the “Cross-Collateral”)
will secure the obligations hereunder and under this Agreement. Negative Pledge: Each Merchant agrees not to create, incur, assume, or
permit to exist, directly or indirectly, any lien on or with respect to any of the Collateral or the Cross-Collateral, as applicable.

 

Each
Merchant agrees to execute any documents or take any action in connection with this Agreement as UFS deems necessary to perfect or maintain
UFS’s first priority security interest in the Collateral and the Cross-Collateral, including the execution of any account control
agreements. Each Merchant hereby authorizes UFS to file any financing statements deemed necessary by UFS to perfect or maintain UFS’s
security interest, which financing statements may contain notification that each Merchant has granted a negative pledge to UFS with respect
to the Collateral and the Cross- Collateral, and that any subsequent lienor may be tortiously interfering with UFS’s rights. Each
Merchant shall be liable for and UFS may charge and collect all costs and expenses, including but not limited to attorney fees, which
may be incurred by UFS in protecting, preserving, and enforcing UFS’s security interest and rights. Each Merchant further acknowledges
that UFS may use another legal name and/or D/B/A or an agent when designating the Secured Party when UFS files the above-referenced financing
statement(s).

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 8 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

34.
Events of Default. An “Event of Default” may be considered to have taken place if any of the following occur:

(1)
Any representation or warranty by any Merchant to UFS that proves to have been made intentionally false or misleading in any material
respect when made;

(2)
Any Merchant changes the Account without providing written notice to UFS within one business day thereafter;

(3)UFS
is not provided with updated login or password information for the Account within one business day after any such change is made by any
Merchant;

(4)
Any Merchant fails to send bank statements, merchant account statements, or bank login information for the Account within two business
days after a written request via e-email for same is made by UFS;

(5)
Any Merchant intentionally prevents UFS from collecting any part of the Receivables Purchased Amount; or

(6)
Any Merchant causes any ACH debit to the Account to be stopped or otherwise returned that would result in an ACH Return Code of R08,
R10, or R29 and that Merchant does not within two business days thereafter provide UFS with written notice thereof explaining why that
Merchant caused the ACH debit to be stopped or otherwise returned, which notice may be given by e-mail to reconciliation@ufsfunding.com.

 

If
any Merchant goes out of business due to economic failure, is not otherwise in default of this Agreement, and provides UFS with written
notice of the closure within two business days thereafter, then such closure will not be deemed an Event of Default.

 

35.
Remedies. In case any Event of Default occurs and is not waived, UFS may proceed to protect and enforce its rights or remedies
by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement, or other provision contained
herein, or to enforce the discharge of each Merchant’s obligations hereunder, or any other legal or equitable right or remedy.
All rights, powers, and remedies of UFS in connection with this Agreement, including each Protection listed in Section 17, may be exercised
at any time by UFS after the occurrence of an Event of Default, are cumulative and not exclusive, and will be in addition to any other
rights, powers, or remedies provided by law or equity. In case any Event of Default occurs and is not waived, UFS may elect that Merchant(s)
be required to pay to UFS 25% of the unpaid balance of the Receivables Purchased Amount as liquidated damages for any reasonable expenses
incurred by UFS in connection with recovering the unpaid balance of the Receivables Purchased Amount (“Reasonable Expenses”),
UFS will not be required to itemize of prove its Reasonable Expenses, and all Merchant(s) agree that the Reasonable Expenses bear a reasonable
relationship to UFS’s actual expenses incurred in connection with recovering the unpaid balance of the Receivables Purchased Amount.

 

36.
Required Notifications. Each Merchant is required to give UFS written notice at least one day prior to any filing under Title
11 of the United States Code. Merchant(s) are required to give UFS at least seven days’ written notice prior to the closing of
any sale of all or substantially all of any Merchant’s assets or stock.

 

37.
Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns, except that Merchant(s) shall not have the right to assign its rights hereunder or any interest herein without the prior written
consent of UFS, which consent may be withheld in UFS’s sole discretion. UFS may assign, transfer, or sell its rights under this
Agreement, including, without limitation, its rights to receive the Receivables Purchased Amount, and its rights under Section 33 of
this Agreement, and any other agreement, instrument, or document executed in connection with the transactions contemplated by this Agreement
(a “Related Agreement”), or delegate its duties hereunder or thereunder, either in whole or in part. From and after the effective
date of any such assignment or transfer by UFS, whether or not any Merchant has actual notice thereof, this Agreement and each Related
Agreement shall be deemed amended and modified (without the need for any further action on the part of any Merchant or UFS) such that
the assignee shall be deemed a party to this Agreement and any such Related Agreement and, to the extent provided in the assignment document
between UFS and such assignee (the “Assignment Agreement”), have the rights and obligations of UFS under this Agreement and
such Related Agreements with respect to the portion of the Receivables Purchased Amount set forth in such Assignment Agreement, including
but not limited to rights in the Receivables, Collateral and Additional Collateral, UFS’s rights under Section 17 of this Agreement
(Protections Against Default), and to receive damages from any Merchant following a breach of this Agreement by any Merchant. In connection
with such assignment, UFS may disclose all information that UFS has relating to any Merchant or its business. Each Merchant agrees to
acknowledge any such assignment in writing upon UFS’s request.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 9 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

38.
Notices. All notices, requests, consents, demands, and other communications hereunder shall be delivered by certified mail, return
receipt requested, or by overnight delivery with signature confirmation to the respective parties to this Agreement at their addresses
set forth in this Agreement and shall become effective only upon receipt. Written notice may also be given to any Merchant by e-mail
to the E-mail Address listed on the first page of this Agreement. Each Merchant must set its spam or junk mail filter to accept e-mails
sent by reconciliation@ufsfunding.com and its domain. This Section is not applicable to service of process or notices in any legal proceedings.

 

39.
Choice of Law. Each Merchant acknowledges and agrees that this Agreement was made in the State of New York, that the Purchase
Price is being paid by UFS in the State of New York, that the Receivables Purchased Amount is being delivered to UFS in the State of
New York, and that the State of New York has a reasonable relationship to the transactions encompassed by this Agreement. This Agreement
and the relationship between UFS, each Merchant will be governed by and construed in accordance with the laws of the State of New York,
without regard to any applicable principles of conflict of laws.

 

40.
Forum Selection and Venue. Any litigation relating to this Agreement or involving UFS on one side and any Merchant on the other
must be commenced and maintained in any court located in the Counties of Nassau, New York, Kings, New York, or Sullivan in the State
of New York (the “Acceptable Forums”). The parties agree that the Acceptable Forums are convenient, submit to the jurisdiction
of the Acceptable Forums, and waive any and all objections to the jurisdiction or venue of the Acceptable Forums. The parties agree that
this Agreement encompasses the transaction of business within the City of New York and that the Civil Court of the City of New York (“Civil
Court”) will have jurisdiction over any litigation relating to this Agreement that is within the jurisdictional limit of the Civil
Court. In addition to the Acceptable Forums, any action or proceeding to enforce a judgment or arbitration award against any Merchant
to restrain or collect any amount due to UFS may be commenced and maintained in any other court of competent jurisdiction. This provision
shall not apply to any Merchant located or residing in the Commonwealth of Virginia (“Virginia”). Any dispute or action arising
from or related to this Agreement involving UFS on one side and a Virginia Merchant on the other shall be referred to Arbitration and
administered solely in accordance with Section 48 of this Agreement, and UFS shall pay any arbitrators’ expenses or fees or any
other expenses or administrative fees incurred in the conduct of the arbitration proceedings.

 

41.
Jury Waiver. The parties agree to waive trial by jury in any dispute between them.

 

42.
Intentionally Ommitted.

 

43.
Statutes of Limitations. Each Merchant agree that any claim that is not asserted against UFS within one year of its accrual will
be time barred.

 

44.
Costs. Each Merchant must pay all of UFS’s reasonable costs associated with a breach by any Merchant of the covenants in
this Agreement and the enforcement thereof, including but not limited to collection agency fees, attorney fees, which may include a contingency
fee of up to 33% of the amount claimed, expert witness fees, and costs of suit.

 

45.
Prejudgment and Postjudgment Interest. If UFS becomes entitled to the entry of a judgment against any Merchant, then UFS will
be entitled to the recovery of prejudgment interest at a rate of 16% per annum, or the maximum rate permitted by applicable law if less,
and upon entry of any such judgment, it will accrue interest at a rate of 9% per annum, or the maximum rate permitted by applicable law
if less, which rate will govern over the statutory rate of interest up until actual satisfaction of the judgment.

 

46.
Legal Fees. If UFS prevails in any litigation or arbitration with any Merchant, then that Merchant must pay UFS’s reasonable
attorney fees, which may include a contingency fee of up to 33% of the amount claimed.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 10 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

47.
Class Action Waiver. UFS, each Merchant, agree that they may bring claims against each other relating to this Agreement only
in their individual capacities, and not as a plaintiff or class action member in any purported class or representative proceedings.

 

48.
Arbitration. Any action or dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination
or invalidity thereof, involving UFS on one side and any Merchant on the other, including, but not limited to issues of arbitrability,
will, at the option of any party to such action or dispute, be determined by arbitration administered by Mediation and Civil Arbitration,
Inc. d/b/a RapidRuling (www.rapidruling.com) in accordance with its Commercial Arbitration Rules effective at the time a claim
is made or Arbitration Services, Inc. under its Commercial Arbitration Rules as are in effect at that time, which rules are available
at www.arbitrationservicesinc.com Judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof. Arbitrators shall be appointed by RapidRuling or Arbitration Services, Inc.. The place of arbitration shall be in the State
of New York and any hearing shall be held via video or telephone conference. The parties agree that no objection shall be taken to the
decision, order or award of the tribunal following any such hearing on the basis that the hearing was held by video or telephone conference.
The parties consent to electronic service of process, with service to be made to accounting@ufsfunding.com for UFS and any email
address provided by Merchant to UFS for Merchant. All such service of process may come from the opposing party’s email listed here,
efile@rapidruling.com, or efile@mcarbitration.org. The parties shall list all said email addresses as “safe senders”
(or other whitelist) and are responsible to check their “SPAM” and “junk” type incoming messages on a daily basis.
Once an arbitration is initiated with one of these arbitral forums, it must be maintained exclusively before that arbitral forum and
the other arbitral forum specified herein may not be used. The arbitration agreement contained in this Section may also be enforced by
any employee, agent, attorney, member, manager, officer, subsidiary, affiliate entity, successor, or assign of UFS. Each Merchant acknowledges
and agrees that this Agreement is the product of communications conducted by telephone and the Internet, which are instrumentalities
of interstate commerce, and that the transactions contemplated under this Agreement will be made by wire transfer and ACH, which are
also instrumentalities of interstate commerce, and that this Agreement therefore evidences a transaction affecting interstate commerce.
Accordingly, notwithstanding any provision in this Agreement to the contrary, all matters of arbitration relating to this Agreement will
be governed by and construed in accordance with the provisions of the Federal Arbitration Act, 9 U.S.C. 1, et seq., however any application
for injunctive relief in aid of arbitration or to confirm an arbitration award may be made under Article 75 of the New York Civil Practice
Law and Rules.

 

49.
Service of Process. Each Merchant consents to service of process and legal notices made by First Class or Priority Mail delivered
by the United States Postal Service and addressed to the Contact Address set forth on the first page of this Agreement or any other address(es)
provided in writing to UFS by any Merchant, and unless applicable law or rules provide otherwise, any such service will be deemed complete
five days after dispatch. Each Merchant agrees that it will be precluded from asserting that it did not receive service of process or
any other notice mailed to the Contact Address set forth on the first page of this Agreement if it does not furnish a certified mail
return receipt signed by UFS demonstrating that UFS was provided with notice of a change in the Contact Address.

 

50.
Survival of Representation, etc. All representations, warranties, and covenants herein shall survive the execution and delivery
of this Agreement and shall continue in full force until all obligations under this Agreement shall have been satisfied in full and this
Agreement shall have terminated unless specified otherwise in this Agreement.

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 11 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

51.
Waiver. No failure on the part of UFS 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
thereof or the exercise of any other right. The remedies provided hereunder are cumulative and not exclusive of any remedies provided
by law or equity.

 

52.
Independent Sales Organizations/Brokers. Each Merchant acknowledge that it may have been introduced to UFS by or received assistance
in entering into this Agreement from an independent sales organization or broker (“ISO”). Each Merchant agrees that any ISO
is separate from and is not an agent or representative of UFS. Each Merchant acknowledge that UFS is not bound by any promises or agreements
made by any ISO that are not contained within this Agreement. Each Merchant exculpate from liability and agree to hold harmless and indemnify
UFS and its officers, directors, members, shareholders, employees, and agents from and against all losses, damages, claims, liabilities,
and expenses (including reasonable attorney and expert fees) incurred by any Merchant resulting from any act or omission by any ISO.
Each Merchant acknowledge that any fee that they paid to any ISO for its services is separate and apart from any payment under this Agreement.
Each Merchant acknowledge that UFS does not in any way require the use of an ISO and that any fees charged by any ISO are not required
as a condition or incident to this Agreement.

 

53.
Modifications; Agreements. No modification, amendment, waiver, or consent of any provision of this Agreement shall be effective
unless the same shall be in writing and signed by all parties.

 

54.
Severability. If any provision of this Agreement is deemed invalid or unenforceable as written, it will be construed, to the
greatest extent possible, in a manner which will render it valid and enforceable, and any limitation on the scope or duration of any
such provision necessary to make it valid and enforceable will be deemed to be part thereof. If any provision of this Agreement is deemed
void, all other provisions will remain in effect.

 

55.
Headings. Headings of the various articles and/or sections of this Agreement are for convenience only and do not necessarily
define, limit, describe, or construe the contents of such articles or sections.

 

56.
Attorney Review. Each Merchant acknowledges that it has had an opportunity to review this Agreement and all addenda with counsel
of its choosing before signing the documents or has chosen not to avail itself of the opportunity to do so.

 

57.
Entire Agreement. This Agreement, inclusive of all addenda, if any, executed simultaneously herewith constitutes the full understanding
of the parties to the transaction herein and may not be amended, modified, or canceled except in writing signed by all parties. Should
there arise any conflict between this Agreement and any other document preceding it, this Agreement will govern. This Agreement does
not affect any previous agreement between the parties unless such an agreement is specifically referenced herein. This Agreement will
not be affected by any subsequent agreement between the parties unless this Agreement is specifically referenced therein.

 

58.
Counterparts; Fax and Electronic Signatures. This Agreement may be executed electronically and in counterparts. Facsimile and
electronic copies of this Agreement will have the full force and effect of an original.

 

SIGNATURES
TO FOLLOW ON NEXT PAGE

 

I
have read and agree to the terms and conditions set forth above:

 

	 	 	 
	Name
                                            and Title: THOMAS EDWIN DYE JR, Owner
	 	Name
    and Title:
	Date:
    07/29/2022	 	Date:
                                            07/29/2022

 

    	 

    	Page 12 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

FOR
THE MERCHANT/OWNER (#1)

 

	By:	THOMAS
    EDWIN DYE JR, Authorized Signer	 	 	 
	 	(Print
    Name and Title)	 	(Signature)
	 	 	 	 	 
	 	 	 	 	 
	SS#:		 	 	 
	 	 	 	 	 

 

	Approved
  for Unique Funding Solutions LLC by:		 

 

    	 

    	Page 13 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

 

ADDENDUM
TO STANDARD MERCHANT CASH ADVANCE AGREEMENT

FOR
ESTIMATED PAYMENTS

 

This
is an Addendum, dated 07/29/2022, to the Standard Merchant Cash Advance Agreement (“Agreement”), dated 07/29/2022,
between Unique Funding Solutions LLC (“UFS”) and CONNEXA SPORTS TECHNOLOGIES INC. (“Merchant”). This Addendum
incorporates the Agreement by reference. The terms of this Addendum will control to the extent they conflict with any of the terms in
the Agreement.

 

Instead
of debiting the 10% Specified Percentage of Merchant’s Receivables, UFS may instead debit $44,970.00 (“Initial
Estimated Payment”) from the Account weekly. The Initial Estimated Payment is intended to be an approximation of no more than the
Specified Percentage.

 

Any
Merchant may request that UFS conduct a reconciliation in order to ensure that the amount that UFS has collected equals the Specified
Percentage of Merchant(s)’s Receivables under this Agreement. Any Merchant may request such a reconciliation by giving written
notice of the request to UFS. A reconciliation may also be requested by e-mail to reconciliation@ufsfunding.com. If UFS collected more
than it was entitled to, then UFS will credit to the Account all amounts to which UFS was not entitled within three days thereafter.
If UFS collected less than it was entitled to, then UFS will debit from the Account all additional amounts to which UFS was entitled
within seven days thereafter. In order to effectuate this reconciliation, any Merchant must produce with its request the login and password
for the Account and any and all bank statements and merchant statements covering the period from the date of this Agreement through the
date of the request for a reconciliation. UFS will complete each such reconciliation within two business days after receipt of a written
request for one accompanied by the information and documents required for it. In addition, the Initial Estimated Payment shall be adjust
to reflect the past and expected Specified Percentage of receivables of Merchant (the “Adjusted Estimated Payment”). Nothing
herein limits the amount of times that such a reconciliation may be requested.

 

FOR
THE MERCHANT(#1)

 

	By:	THOMAS
    EDWIN DYE JR, Authorized Signer	 	
		(Print
    Name and Title)	 	(Signature)

 

    	 

    	Page 14 of 16

    

 

DECLARATION
OF ORDINARY COURSE OF BUSINESS

 

Each
undersigned hereby declares the following:

1.I
am duly authorized to sign the Standard Merchant Cash Advance Agreement (“Agreement”), dated 07/29/2022, between Unique
Funding Solutions LLC (“UFS”) and CONNEXA SPORTS TECHNOLOGIES INC. (“Merchant”) on behalf of Merchant.

2.This
Declaration incorporates by reference the Agreement and every addendum to it.

3.I
acknowledge that I am authorized to sign the Agreement and every addendum to it on behalf of each Merchant.

4.I
acknowledge that I had sufficient time to review the Agreement and every addendum to it before signing it.

5.I
acknowledge that I had an opportunity to seek legal advice from counsel of my choosing before signing the Agreement and every addendum
to it.

6.I
acknowledge that each Merchant is entering into the Agreement voluntarily and without any coercion.

7.I
acknowledge that each Merchant is entering into the Agreement in the ordinary course of its business.

8.I
acknowledge that the payments to be made from any Merchant to UFS under the Agreement are being made in the ordinary course of each Merchant’s
business.

9.
DECLARE UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT.

 

	Executed
  on	07/29/2022	
	 	(Date)	 

 

FOR
THE MERCHANT(#1)

 

	By:	THOMAS
    EDWIN DYE JR, Authorized Signer	 	 
		(Print
    Name and Title)	 	(Signature)

 

    	 

    	Page 15 of 16

    

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

AUTHORIZATION
AGREEMENT

 

FOR
AUTOMATED CLEARING HOUSE TRANSACTIONS

 

CONNEXA
SPORTS TECHNOLOGIES INC. (“Seller”) hereby authorizes UFS to present automated clearinghouse

 

(“ACH”)
debits to the following checking account in the amount of the Initial Installment. In addition, if any Default occurs under the Agreement,
Seller authorizes UFS to debit any and all accounts controlled by Seller or controlled by any entity with the same Federal Tax Identification
Number as Seller up to the total amount, including but not limited to, all fees and charges, due to Buyer from Seller under the terms
of the Agreement. All capitalized terms herein shall be as defined in the Standard Merchant Cash Advance Agreement attached hereto. Merchant
agrees to be bound by the ACH Rules as set forth by NACHA (The Electronic Payments Association)

 

Name
of Bank

Account
Number:

Routing
Number:

Seller’s
EIN: -

 

	Signature:		 	Signature:	
	Name:	THOMAS
    EDWIN DYE JR, Owner	 	Name:	 
	Date:	07/29/2022	 	Date:	07/29/2022

 

PLEASE
ATTACH A VOIDED CHECK

 

    	 

    	 

    

 

 

ADDENDUM

 

Pursuant
to the Standard Merchant Cash Advance Agreement (the “Merchant Agreement”), the Buyer is entitled to the Specified Percentage
of Seller’s revenue until the Purchased Amount is paid. However, for the first three estimated payments the Buyer agrees that the
weekly amount debited will be $13,491.00.

 

Capitalized
terms used herein without definition shall have the meanings assigned to them in the Merchant Agreement.

 

	 	Owner	Unique
    Funding Solutions LLC
	Signature:		 
	Print
    Name:	Thomas
    Dye	 
	Date:	July
    28, 2022	 

 

Please
do not hesitate to contact us with any additional requests at 1-888-985-1837 or by email at accounting@ufsfunding.com.

 

Thank
You,

 

Unique
Funding Solutions LLCExhibit
10.2

 

 

CEDAR
ADVANCE LLC

2917
Ave I, Brooklyn, NY 11210

(718)
400-9030

 

STANDARD
MERCHANT CASH ADVANCE AGREEMENT

 

This
is an Agreement dated 07/29/2022 by and between CEDAR ADVANCE LLC (“CEDAR”) and each merchant listed below
(“Merchant”).

 

Merchant’s
Legal Name: SLINGER BAGaMERICAS INC/SLINGER BAG INC/ CONNEXA SPORTS TECHNOLOGIES INC

D/B/A/:
SLINGER BAG AMERICAS/SLIGER BAG Fed ID #: 61-1789640

Type
of Entity:

 

☒
Corporation ☐ Limited Liability Company ☐ Limited Partnership ☐ Limited Liability Partnership ☐ Sole Proprietor
Business

 

	Address:	2709
  N ROLLING ROAD STE 138	City:	WINDSOR
    MILL	State:	MD	Zip:	21244

	Contact
  Address:		City:		State:	  	Zip:	

	E-mailAddress:
  	 	 	Phone
  Number: 	 

 

	Purchase
                                            Price

    

    This
    is the amount being paid to Merchant(s) for the Receivables Purchased Amount (defined below).
	 

    $
    750,000.00

	 

    Receivables
    Purchased Amount

    

    This
    is the amount of Receivables (defined in Section 1 below) being sold.
	 

    $
    1,124,250.00

	 

    Specified
    Percentage

    

    This
    is the percentage of Receivables (defined below) to be delivered until the Receivables Purchased Amount is paid in full.
	 

    10%

	 

    Net
    Funds Provided

    

    This
    is the net amount being paid to or on behalf of Merchant(s) after deduction of applicable fees listed in Section 2 below.
	 

    $
    712,500.00

	 

    Initial
    Estimated Payment

    

    This
    is only applicable if an Addendum for Estimated Payments is being signed. This is the initial amount of periodic payments collected
    from Merchant(s) as an approximation of no more than the Specified Percentage of the Receivables and is subject to

    reconciliation
    as set forth in Section 4 below.
	 

    $
    44,970.00

     

    Per
    WEEK

 

TERMS
AND CONDITIONS

 

1. Sale
of Future Receipts. Merchant(s) hereby sell, assign, and transfer to CEDAR (making CEDAR the absolute owner) in consideration
of the funds provided (“Purchase Price”) specified above, all of each Merchant’s future accounts, contract rights,
and other obligations arising from or relating to the payment of monies from each Merchant’s customers and/or other third party
payors (the “Receivables”, defined as all payments made by cash, check, credit or debit card, electronic transfer, or other
form of monetary payment in the ordinary course of each merchant’s business), for the payment of each Merchant’s sale of
goods or services until the amount specified above (the “Receivables Purchased Amount”) has been delivered by Merchant(s)
to CEDAR. Each Merchant hereby acknowledges that until the Receivables Purchased Amount has been received in full by CEDAR, each Merchant’s
Receivables, up to the balance of the Receivables Purchased Amount, are the property of CEDAR and not the property of any Merchant. Each
Merchant agrees that it is a fiduciary for CEDAR and that each Merchant will hold Receivables in trust for CEDAR in its capacity as a
fiduciary for CEDAR.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 2 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

The
Receivables Purchased Amount shall be paid to CEDAR by each Merchant irrevocably authorizing only one depositing account acceptable to
CEDAR (the “Account”) to remit the percentage specified above (the “Specified Percentage”) of each Merchant’s
settlement amounts due from each transaction, until such time as CEDAR receives payment in full of the Receivables Purchased Amount.
Each Merchant hereby authorizes CEDAR to ACH debit the specified remittances from the Account on a daily basis as of the next business
day after the date of this Agreement and will provide CEDAR with all required access codes and monthly bank statements. Each Merchant
understands that it will be held responsible for any fees resulting from a rejected ACH attempt or an Event of Default (see Section 2).
CEDAR is not responsible for any overdrafts or rejected transactions that may result from CEDAR’s ACH debiting the Specified Percentage
amounts under the terms of this Agreement.

 

2.
 Additional Fees. In addition to the Receivables Purchased Amount, each Merchant will be held responsible to CEDAR
for the following fees, where applicable:

 

A.
$ 35,000.00 - to cover underwriting and the ACH debit program, as well as related expenses. This will be deducted from payment
of the Purchase Price.

 

B.
Wire Fee - Merchant(s) shall receive funding electronically to the Account and will be charged $50.00 for a Fed Wire or $0.00 for a bank
ACH. This will be deducted from payment of the Purchase Price.

 

C.
Blocked Account/Default - $2,500.00 - If CEDAR considers an Event of Default to have taken place under Section 34.

 

D.
UCC Fee - $195.00 – to cover CEDAR filing a UCC-1 financing statement to secure its interest in the Receivables Purchased Amount.
A $195.00 UCC termination fee will be charged if a UCC filing is terminated.

 

E.
Court costs, arbitration fees, collection agency fees, attorney fees, expert fees, and any other expenses incurred in litigation, arbitration,
or the enforcement of any of CEDAR’s legal or contractual rights against each Merchant and/or each Guarantor, if required, as explained
in other Sections of this Agreement.

 

3.
 Cap on Collection of the Receivables Purchased Amount. The amount that CEDAR will collect from Merchant(s) towards the
Receivables Purchased Amount during any specific WEEK will be capped at $44,970.00 (the “Cap”). If the Specified
Percentage of all Receivables for a specific WEEK is less than the Cap, then in addition to the Specified Percentage of Receivables
for that WEEK, CEDAR will be permitted to collect any Receivables it did not previously collect due to the Cap such that the total
amount collected during that WEEK does not exceed the Cap. The Cap is not applicable to make up for a business day on which CEDAR
is closed and does not ACH debit the Account, to subsequent attempts to collect a rejected or blocked ACH payment, or for the collection
of any of the fees listed in Section 2 or if any Event of Default listed in Section 34 is considered by CEDAR to have taken place.

 

4.
 Reconciliations. Any Merchant may give written notice to CEDAR requesting that CEDAR conduct a reconciliation in order
to ensure that the amount that CEDAR has collected equals the Specified Percentage of Merchant(s)’s Receivables under this
Agreement. A reconciliation may also be requested by e-mail to reconciliations@cedaradvance.com. Once, notified of a request for
reconciliation,CEDAR will instruct it’s ACH processor to pasue ACH debits from Merchant’s account until the
reconciliation, process is complete. If such reconciliation determines that CEDAR collected more than it was entitled to, then CEDAR
will credit to the Account all amounts to which CEDAR was not entitled within three business days thereafter If such reconciliation
determines that CEDAR collected less than it was entitled to, then CEDAR will debit from the Account all additional amounts to which
CEDAR was entitled within days thereafter. In order to effectuate this reconciliation, any Merchant must produce with it’s
request any and all bank statements and merchant statements covering the period from the date of this Agreement through the date of
the request for a reconciliation. CEDAR will complete each such reconciliation within two business days after receipt of a written
request for one accompanied by the information and documents required for it. Nothing herein limits the amount of times that such a
reconciliation may be requested.

 

5.
 Prepayments. Although there is no obligation to do so, any Merchant may prepay any amount towards the Receivables Purchased
Amount. There will be no penalty for any prepayment made by any Merchant. Any Merchant may elect to terminate this Agreement by prepaying
CEDAR the amount of the balance of the Receivables Purchased Amount at that time.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 3 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

6.
 Merchant Deposit Agreement. Merchant(s) shall appoint a bank acceptable to CEDAR, to obtain electronic fund transfer services
and/or “ACH” payments. Merchant(s) shall provide CEDAR and/or its authorized agent with all of the information, authorizations,
and passwords necessary to verify each Merchant’s Receivables. Merchant(s) shall authorize CEDAR and/or its agent(s) to deduct
the amounts owed to CEDAR for the Receivables as specified herein from settlement amounts which would otherwise be due to each Merchant
and to pay such amounts to CEDAR by permitting CEDAR to withdraw the Specified Percentage by ACH debiting of the account. The authorization
shall be irrevocable absent CEDAR’s written consent.

 

7.
 Term of Agreement. The term of this Agreement is indefinite and shall continue until CEDAR receives the full Receivables
Purchased Amount, or earlier if terminated pursuant to any provision of this Agreement. The provisions of Sections 4, 6, 7, 8, 10, 11,
13, 14, 15, 17, 18, 19, 22, 23, 28, 31, 32, 33, 34, 35, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47,48, 49, 50, 51, 52, 53, 54, 55, 56,
57, and 58 shall survive any termination of this Agreement.

 

8.
 Ordinary Course of Business. Each Merchant acknowledges that it is entering into this Agreement in the ordinary course
of its business and that the payments to be made from each Merchant to CEDAR under this Agreement are being made in the ordinary course
of each Merchant’s business.

 

9.
 Financial Condition. Each Merchant and each Guarantor (Guarantor being defined as each signatory to the Guarantee of this
Agreement) authorizes CEDAR and its agent(s) to investigate each Merchant’s financial responsibility and history, and will provide
to CEDAR any bank or financial statements, tax returns, and other documents and records, as CEDAR deems necessary prior to or at any
time after execution of this Agreement. A photocopy of this authorization will be deemed as acceptable for release of financial information.
CEDAR is authorized to update such information and financial profiles from time to time as it deems appropriate.

 

10.
 Monitoring, Recording, and Electronic Communications. CEDAR may choose to monitor and/or record telephone calls with any
Merchant and its owners, employees, and agents. By signing this Agreement, each Merchant agrees that any call between CEDAR and any Merchant
or its representatives may be monitored and/or recorded. Each Merchant and each Guarantor grants access for CEDAR to enter any Merchant’s
premises and to observe any Merchant’s premises without any prior notice to any Merchant at any time after execution of this Agreement.

 

CEDAR
may use automated telephone dialing, text messaging systems, and e-mail to provide messages to Merchant(s), Owner(s) (Owner being defined
as each person who signs this Agreement on behalf of a Merchant), and Guarantor(s) about Merchant(s)’s account. Telephone messages
may be played by a machine automatically when the telephone is answered, whether answered by an Owner, a Guarantor, or someone else.
These messages may also be recorded by the recipient’s answering machine or voice mail. Each Merchant, each Owner, and each Guarantor
gives CEDAR permission to call or send a text message to any telephone number given to CEDAR in connection with this Agreement and to
play pre-recorded messages and/or send text messages with information about this Agreement and/or any Merchant’s account over the
phone. Each Merchant, each Owner, and each Guarantor also gives CEDAR permission to communicate such information to them by e-mail. Each
Merchant, each Owner, and each Guarantor agree that CEDAR will not be liable to any of them for any such calls or electronic communications,
even if information is communicated to an unintended recipient. Each Merchant, each Owner, and each Guarantor acknowledge that when they
receive such calls or electronic communications, they may incur a charge from the company that provides them with telecommunications,
wireless, and/or Internet services, and that CEDAR has no liability for any such charges.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 4 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

11.
 Accuracy of Information Furnished by Merchant and Investigation Thereof. To the extent set forth herein, each of the parties
is obligated upon his, her, or its execution of the Agreement to all terms of the Agreement. Each Merchant and each Owner signing this
Agreement represent that he or she is authorized to sign this Agreement for each Merchant, legally binding said Merchant to its obligations
under this Agreement and that the information provided herein and in all of CEDAR’s documents, forms, and recorded interview(s)
is true, accurate, and complete in all respects. CEDAR may produce a monthly statement reflecting the delivery of the Specified Percentage
of Receivables from Merchant(s) to CEDAR. An investigative report may be made in connection with the Agreement. Each Merchant and each
Owner signing this Agreement authorize CEDAR, its agents and representatives, and any credit-reporting agency engaged by CEDAR, to (i)
investigate any references given or any other statements obtained from or about each Merchant or any of its Owners for the purpose of
this Agreement, and (ii) pull credit report at any time now or for so long as any Merchant and/or Owners(s) continue to have any obligation
to CEDAR under this Agreement or for CEDAR’s ability to determine any Merchant’s eligibility to enter into any future agreement
with CEDAR. Any misrepresentation made by any Merchant or Owner in connection with this Agreement may constitute a separate claim for
fraud or intentional misrepresentation.

 

Authorization
for soft pulls: Each Merchant and each Owner understands that by signing this Agreement, they are providing ‘written instructions’
to CEDAR under the Fair Credit Reporting Act, authorizing CEDAR to obtain information from their personal credit profile or other information
from Experian, TransUnion, and Equifax. Each Merchant and each Guarantor authorizes CEDAR to obtain such information solely to conduct
a pre-qualification for credit.

 

Authorization
for hard pulls: Each Merchant and each Owner understands that by signing this Agreement, they are providing ‘written instructions’
to CEDAR under the Fair Credit Reporting Act, authorizing CEDAR to obtain information from their personal credit profile or other information
from Experian, TransUnion, and Equifax. Each Merchant and each Guarantor authorizes CEDAR to obtain such information in accordance with
a merchant cash advance application.

 

12.
 Transactional History. Each Merchant authorizes its bank to provide CEDAR with its banking and/or credit card processing
history.

 

13.
 Indemnification. Each Merchant and each Guarantor jointly and severally indemnify and hold harmless each Merchant’s
credit card and check processors (collectively, “Processor”) and Processor’s officers, directors, and shareholders
against all losses, damages, claims, liabilities, and expenses (including reasonable attorney and expert fees) incurred by Processor
resulting from (a) claims asserted by CEDAR for monies owed to CEDAR from any Merchant and (b) actions taken by any Processor in reliance
upon information or instructions provided by CEDAR.

 

14.
 No Liability. In no event will CEDAR be liable for any claims asserted by any Merchant under any legal theory for
lost profits, lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect, or consequential damages,
each of which is waived by each Merchant and each Guarantor.

 

15.
 Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the
Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any
Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting
in CEDAR not receiving the Receivables Purchased Amount. Each Merchant agrees that the Purchase Price in exchange for the Receivables
pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described
in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the
full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor
by each Merchant’s customers in the manner provided in this Agreement. Although certain jurisdictions require the disclosure of
an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed
by this Agreement is not a loan and does not have an interest rate.

 

16.
 Power of Attorney. Each Merchant irrevocably appoints CEDAR as its agent and attorney-in-fact with full authority
to take any action or execute any instrument or document to settle all obligations due to CEDAR, or, if CEDAR considers an Event of Default
to have taken place under Section 34, to settle all obligations due to CEDAR from each Merchant, including without limitation (i) to
obtain and adjust insurance; (ii) to collect monies due or to become due under or in respect of any of the Collateral (which is defined
in Section 33); (iii) to receive, endorse and collect any checks, notes, drafts, instruments, documents, or chattel paper in connection
with clause (i) or clause (ii) above; (iv) to sign each Merchant’s name on any invoice, bill of lading, or assignment directing
customers or account debtors to make payment directly to CEDAR; and (v) to file any claims or take any action or institute any proceeding
which CEDAR may deem necessary for the collection of any of the unpaid Receivables Purchased Amount from the Collateral, or otherwise
to enforce its rights with respect to payment of the Receivables Purchased Amount.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 5 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

17.
 Protections Against Default. The following Protections 1 through 7 may be invoked by CEDAR, immediately and without notice
to any Merchant in the event:

 

(a)
Any Merchant takes any action to discourage the use of methods of payment ordinarily and customarily used by its customers or permits
any event to occur that could have an adverse effect on the use, acceptance, or authorization of checks and credit cards for the purchase
of any Merchant’s services and products;

(b)
Any Merchant changes its arrangements with any Processor in any way that is adverse to CEDAR;

(c)
Any Merchant changes any Processor through which the Receivables are settled to another electronic check and/or credit card processor
or permits any event to occur that could cause diversion of any Merchant’s check and/or credit card transactions to another such
processor;

(d)
Any Merchant interrupts the operation of its business (other than adverse weather, natural disasters, or acts of God) or transfers, moves,
sells, disposes, or otherwise conveys its business or assets without (i) the express prior written consent of CEDAR and (ii) the written
agreement of any purchaser or transferee to the assumption of all of any Merchant’s obligations under this Agreement pursuant to
documentation satisfactory to CEDAR; or

(e)
Any Merchant takes any action, fails to take any action, or offers any incentive—economic or otherwise—the result of which
will be to induce any customer or customers to pay for any Merchant’s goods or services with any means other than checks and/or
credit cards that are settled through Processor. These protections are in addition to any other remedies available to CEDAR at law, in
equity, or otherwise available pursuant to this Agreement.

(f)
CEDAR considers any Event of Default listed in Section 34 to have taken place.

Protection
1: The full uncollected Receivables Purchased Amount plus all fees due under this Agreement may become due and payable in full immediately.

Protection
2. CEDAR may enforce the provisions of the Guarantee against Guarantor. Protection 3. CEDAR may enforce its security interest in the
Collateral identified in Section 33.

Protection
4. CEDAR may proceed to protect and enforce its rights and remedies by litigation or arbitration.

Protection
5. If requested by CEDAR, Merchant shall deliver to CEDAR an executed assignment of lease of each Merchant’s premises in favor
of CEDAR. Upon breach of any provision in this Section 17, CEDAR may exercise its rights under such assignment of lease.

Protection
6. CEDAR may debit any Merchant’s depository accounts wherever situated by means of ACH debit or electronic or facsimile signature
on a computer-generated check drawn on any Merchant’s bank account or otherwise, in an amount consistent with the terms of this
Agreement.

Protection
7. CEDAR will have the right, without waiving any of its rights and remedies and without notice to any Merchant and/or Guarantor, to
notify each Merchant’s credit card and/or check processor of the sale of Receivables hereunder and to direct such credit card processor
to make payment to CEDAR of all or any portion of the amounts received by such credit card processor on behalf of each Merchant. Each
Merchant hereby grants to CEDAR an irrevocable power- of-attorney, which power-of-attorney will be coupled with an interest, and hereby
appoints CEDAR and its representatives as each Merchant’s attorney-in-fact to take any and all action necessary to direct such
new or additional credit card and/or check processor to make payment to CEDAR as contemplated by this Section.

 

18.
 Protection of Information. Each Merchant and each person signing this Agreement on behalf of each Merchant and/or as Owner,
in respect of himself or herself personally, authorizes CEDAR to disclose information concerning each Merchant, Owner and/or Guarantor’s
credit standing and business conduct to agents, affiliates, subsidiaries, and credit reporting bureaus. Each Merchant, Guarantor, and
Owner hereby waives to the maximum extent permitted by law any claim for damages against CEDAR or any of its affiliates relating to any
(i) investigation undertaken by or on behalf of CEDAR as permitted by this Agreement or (ii) disclosure of information as permitted by
this Agreement.

 

19.
 Confidentiality. Each Merchant understands and agrees that the terms and conditions of the products and services offered
by CEDAR, including this Agreement and any other CEDAR documents (collectively, “Confidential Information”) are proprietary
and confidential information of CEDAR. Accordingly, unless disclosure is required by law or court order, Merchant(s) shall not disclose
Confidential Information of CEDAR to any person other than an attorney, accountant, financial advisor, or employee of any Merchant who
needs to know such information for the purpose of advising any Merchant (“Advisor”), provided such Advisor uses such information
solely for the purpose of advising any Merchant and first agrees in writing to be bound by the terms of this Section 19.

 

20.
 D/B/As.  Each Merchant hereby acknowledges and agrees that CEDAR may be using “doing business as”
or “d/b/a” names in connection with various matters relating to the transaction between CEDAR and each Merchant, including
the filing of UCC-1 financing statements and other notices or filings.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 6 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

21.
 Financial Condition and Financial Information. Each Merchant represents, warrants, and covenants that its bank and financial
statements, copies of which have been furnished to CEDAR, and future statements which will be furnished hereafter at the request of CEDAR,
fairly represent the financial condition of each Merchant at such dates, and that since those dates there have been no material adverse
changes, financial or otherwise, in such condition, operation, or ownership of any Merchant. Each Merchant has a continuing affirmative
obligation to advise CEDAR of any material adverse change in its financial condition, operation, or ownership.

 

22.
 Governmental Approvals. Each Merchant represents, warrants, and covenants that it is in compliance and shall comply
with all laws and has valid permits, authorizations, and licenses to own, operate, and lease its properties and to conduct the business
in which it is presently engaged.

 

23.
 Authorization. Each Merchant represents, warrants, and covenants that it and each person signing this Agreement
on behalf of each Merchant has full power and authority to incur and perform the obligations under this Agreement, all of which have
been duly authorized.

 

24.
 Insurance. Each Merchant represents, warrants, and covenants that it will maintain business-interruption insurance
naming CEDAR as loss payee and additional insured in amounts and against risks as are satisfactory to CEDAR and shall provide CEDAR proof
of such insurance upon request.

 

25.
 Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without
CEDAR’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any
other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.

 

26.
 Change of Name or Location. Each Merchant represents, warrants, and covenants that it will not conduct its business
under any name other than as disclosed to CEDAR or change any place(s) of its business without prior written consent from CEDAR.

 

27.
 Estoppel Certificate. Each Merchant represents, warrants, and covenants that it will, at any time, and from time
to time, upon at least two day’s prior notice from CEDAR to that Merchant, execute, acknowledge, and deliver to CEDAR and/or to
any other person or entity specified by CEDAR, a statement certifying that this Agreement is unmodified and in full force and effect
(or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications) and stating
the dates which the Receivables Purchased Amount or any portion thereof have been paid.

 

28.
No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate
and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition
brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition
and it does not anticipate that an involuntary petition will be filed against it. Each Merchant further warrants that there will be no
statutory presumption that it would have been insolvent on the date of this Agreement.

 

29.
 Unencumbered Receivables. Each Merchant represents, warrants, and covenants that it has good, complete, and marketable
title to all Receivables, free and clear of any and all liabilities, liens, claims, changes, 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 this Agreement or adverse to the interests of CEDAR, other than any for which CEDAR has actual or constructive
knowledge as of the date of this Agreement.

 

30.
 Stacking. Each Merchant represents, warrants, and covenants that it will not enter into with any party other
than CEDAR any arrangement, agreement, or commitment that relates to or involves the Receivables, whether in the form of a purchase of,
a loan against, collateral against, or the sale or purchase of credits against Receivables without the prior

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 7 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

31. 
Business Purpose. Each Merchant represents, warrants, and covenants that it is a valid business in good standing under the
laws of the jurisdictions in which it is organized and/or operates, and each Merchant is entering into this Agreement for business purposes
and not as a consumer for personal, family, or household purposes.

 

32. 
Default Under Other Contracts. Each Merchant represents, warrants, and covenants that its execution of and/or performance
under this Agreement will not cause or create an event of default by any Merchant under any contract with another person or entity.

 

33. 
Security Interest. To secure each Merchant’s payment and performance obligations to CEDAR under this Agreement and any
future agreement with CEDAR, each Merchant hereby grants to CEDAR a security interest in collateral (the “Collateral”), that
is defined as collectively: (a) all accounts, including without limitation, all deposit accounts, accounts- receivable, and other receivables,
chattel paper, documents, equipment, instruments, and inventory, as those terms are defined by Article 9 of the Uniform Commercial Code
(the “UCC”), now or hereafter owned or acquired by any Merchant; and (b) all proceeds, as that term is defined by Article
9 of the UCC. The parties acknowledge and agree that any security interest granted to CEDAR under any other agreement between any Merchant
or Guarantor and CEDAR (the “Cross-Collateral”) will secure the obligations hereunder and under this Agreement. Negative
Pledge: Each Merchant agrees not to create, incur, assume, or permit to exist, directly or indirectly, any lien on or with respect to
any of the Collateral or the Cross-Collateral, as applicable.

 

Each
Merchant agrees to execute any documents or take any action in connection with this Agreement as CEDAR deems necessary to perfect or
maintain CEDAR’s first priority security interest in the Collateral and the Cross-Collateral, including the execution of any account
control agreements. Each Merchant hereby authorizes CEDAR to file any financing statements deemed necessary by CEDAR to perfect or maintain
CEDAR’s security interest, which financing statements may contain notification that each Merchant has granted a negative pledge
to CEDAR with respect to the Collateral and the Cross-Collateral, and that any subsequent lienor may be tortiously interfering with CEDAR’s
rights. Each Merchant shall be liable for and CEDAR may charge and collect all costs and expenses, including but not limited to attorney
fees, which may be incurred by CEDAR in protecting, preserving, and enforcing CEDAR’s security interest and rights. Each Merchant
further acknowledges that CEDAR may use another legal name and/or D/B/A or an agent when designating the Secured Party when CEDAR files
the above-referenced financing statement(s).

 

34. 
Events of Default. An “Event of Default” may be considered to have taken place if any of the following occur:

 

(1)
Any Merchant violates any term or covenant in this Agreement;

(2)
Any representation or warranty by any Merchant in any Agreement with CEDAR that has not been terminated proves to have been incorrect,
false, or misleading in any material respect when made;

(3)
Any Merchant fails to provide CEDAR with written notice of any material change in its financial condition, operation, or ownership within
seven days thereafter (unless a different notice period is specifically provided for elsewhere in this Agreement;

(4)
the sending of notice of termination by any Merchant or Guarantor;

(5)
Any Merchant transports, moves, interrupts, suspends, dissolves, or terminates its business without the prior written consent of CEDAR
other than a bankruptcy filing;

(6)
Any Merchant transfers or sells all or substantially all of its assets without the prior written consent of CEDAR;

(7)
Any Merchant makes or sends notice of any intended bulk sale or transfer by any Merchant without the prior written consent of CEDAR;

(8)
Any Merchant uses multiple depository accounts without the prior written consent of CEDAR;

(9)
Any Merchant changes the Account without the prior written consent of CEDAR;

(10)
CEDAR is not provided with updated login or password information for the Account within one business day after any such change is made
by any Merchant;

(11)
Any Merchant fails to send bank statements, merchant account statements, or bank login information for the Account within two business
days after a written request for same is made by CEDAR;

(12)
Any Merchant performs any act that reduces the value of any Collateral granted under this Agreement;

(13) Any Merchant fails to deposit its Receivables into the Account;

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 8 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

(14)
Any Merchant causes any ACH debit to the Account by CEDAR to be blocked or stopped without providing any advance written notice to CEDAR,
which notice may be given by e-mail to reconciliations@cedaradvance.com; or

(15)
Any Merchant prevents CEDAR from collecting any part of the Receivables Purchased Amount;

(16)
Any Merchant causes any ACH debit to the Account to be stopped or otherwise returned that would result in an ACH Return Code of R08,
R10, or R29 and that Merchant does not within two business days thereafter provide CEDAR with written notice thereof explaining why that
Merchant caused the ACH debit to be stopped or otherwise returned, which notice may be given by e-mail to reconciliations@cedaradvance.com;
or

(17) Any Merchant defaults under any of the terms, covenants, and conditions of any other agreement with CEDAR.

 

35. 
Remedies. In case any Event of Default occurs and is not waived, CEDAR may proceed to protect and enforce its rights or remedies
by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement, or other provision contained
herein, or to enforce the discharge of each Merchant’s obligations hereunder, or any other legal or equitable right or remedy.
All rights, powers, and remedies of CEDAR in connection with this Agreement, including each Protection listed in Section 17, may be exercised
at any time by CEDAR after the occurrence of an Event of Default, are cumulative and not exclusive, and will be in addition to any other
rights, powers, or remedies provided by law or equity. In addition to the foregoing, in case any Event of Default occurs and is not waived,
CEDAR will be entitled to the issuance of an injunction, restraining order, or other equitable relief in CEDAR’s favor, subject
to court or arbitrator approval, restraining each Merchant’s accounts and/or receivables up to the amount due to CEDAR as a result
of the Event of Default, and each Merchant will be deemed to have consented to the granting of an application for the same to any court
or arbitral tribunal of competent jurisdiction without any prior notice to any Merchant or Guarantor and without CEDAR being required
to furnish a bond or other undertaking in connection with the application.

 

36. 
Required Notifications. Each Merchant is required to give CEDAR written notice at least one day prior to any filing under
Title 11 of the United States Code. Merchant(s) are required to give CEDAR at least seven days’ written notice prior to the closing
of any sale of all or substantially all of any Merchant’s assets or stock.

 

37. 
Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns, except that Merchant(s) shall not have the right to assign its rights hereunder or any interest herein without the prior written
consent of CEDAR, which consent may be withheld in CEDAR’s sole discretion. CEDAR may assign, transfer, or sell its rights under
this Agreement, including, without limitation, its rights to receive the Receivables Purchased Amount, and its rights under Section 33
of this Agreement, the Guarantee, and any other agreement, instrument, or document executed in connection with the transactions contemplated
by this Agreement (a “Related Agreement”), or delegate its duties hereunder or thereunder, either in whole or in part. From
and after the effective date of any such assignment or transfer by CEDAR, whether or not any Merchant has actual notice thereof, this
Agreement and each Related Agreement shall be deemed amended and modified (without the need for any further action on the part of any
Merchant or CEDAR) such that the assignee shall be deemed a party to this Agreement and any such Related Agreement and, to the extent
provided in the assignment document between CEDAR and such assignee (the “Assignment Agreement”), have the rights and obligations
of CEDAR under this Agreement and such Related Agreements with respect to the portion of the Receivables Purchased Amount set forth in
such Assignment Agreement, including but not limited to rights in the Receivables, Collateral and Additional Collateral, the benefit
of each Guarantor’s guaranty regarding the full and prompt performance of every obligation that is a subject of the Guarantee,
CEDAR’s rights under Section 17 of this Agreement (Protections Against Default), and to receive damages from any Merchant following
a breach of this Agreement by any Merchant. In connection with such assignment, CEDAR may disclose all information that CEDAR has relating
to any Merchant or its business. Each Merchant agrees to acknowledge any such assignment in writing upon CEDAR’s request.

 

38. 
Notices. All notices, requests, consents, demands, and other communications hereunder shall be delivered by certified mail,
return receipt requested, or by overnight delivery with signature confirmation to the respective parties to this Agreement at their addresses
set forth in this Agreement and shall become effective only upon receipt. Written notice may also be given to any Merchant or Guarantor
by e-mail to the E-mail Address listed on the first page of this Agreement. Each Merchant must set its spam or junk mail filter to accept
e-mails sent by reconciliations@cedaradvance.com and its domain. This Section is not applicable to service of process or notices in any
legal proceedings.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 9 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

39.  Choice
of Law. Each Merchant acknowledges and agrees that this Agreement was made in the State of New York,
that the Purchase Price is being paid by CEDAR in the State of New York, that the Receivables Purchased Amount is being delivered to
CEDAR in the State of New York, and that the State of New York has a reasonable relationship to the transactions encompassed by this
Agreement. This Agreement and the relationship between CEDAR, each Merchant, and each Guarantor will be governed by and construed in
accordance with the laws of the State of New York, without regard to any applicable principles of conflict of laws.

 

40. 
Forum and Venue Selection. Any litigation relating to this Agreement or involving CEDAR on one side and any Merchant or any
Guarantor on the other must be commenced and maintained in any court located in the Counties of Nassau, New York, or Sullivan in the
State of New York (the “Acceptable Forums”). The parties agree that the Acceptable Forums are convenient, submit to the jurisdiction
of the Acceptable Forums, and waive any and all objections to the jurisdiction or venue of the Acceptable Forums. If any litigation is
initiated in any other venue or forum, the parties waive any right to oppose any motion or application made by any party to transfer
such litigation to an Acceptable Forum. The parties agree that this Agreement encompasses the transaction of business within the City
of New York and that the Civil Court of the City of New York (“Civil Court”) will have jurisdiction over any litigation relating
to this Agreement that is within the jurisdictional limit of the Civil Court. In addition to the Acceptable Forums, any action or proceeding
to enforce a judgment or arbitration award against any Merchant or Guarantor or to restrain or collect any amount due to CEDAR may be
commenced and maintained in any other court of competent jurisdiction.

 

41. 
Jury Waiver. The parties agree to waive trial by jury in any dispute between them.

 

42. 
Counterclaim Waiver. In any litigation or arbitration commenced by CEDAR, each Merchant and each Guarantor will not be permitted
to interpose any counterclaim.

 

43. 
Statutes of Limitations. Each Merchant and each Guarantor agree that any claim that is not asserted against CEDAR within one
year of its accrual will be time barred.

 

44. 
Costs. Each Merchant and each Guarantor must pay all of CEDAR’s reasonable costs associated with a breach by any Merchant
of the covenants in this Agreement and the enforcement thereof, including but not limited to collection agency fees, attorney fees, which
may include a contingency fee of up to 40% of the amount claimed, expert witness fees, and costs of suit.

 

45. 
Prejudgment and Postjudgment Interest. If CEDAR becomes entitled to the entry of a judgment against any Merchant or any Guarantor,
then CEDAR will be entitled to the recovery of prejudgment interest at a rate of 24% per annum (or 16% per annum if any Merchant is a
sole proprietorship), or the maximum rate permitted by applicable law if less, and upon entry of any such judgment, it will accrue interest
at a postjudgment rate of 24% per annum (or 16% per annum if any Merchant is a sole proprietorship), or the maximum rate permitted by
applicable law if less, which rate will govern over the statutory rate of interest up until actual satisfaction of the judgment.

 

46. 
Legal Fees. If CEDAR prevails in any litigation or arbitration with any Merchant or any Guarantor, then that Merchant and/or
Guarantor must pay CEDAR’s reasonable attorney fees, which may include a contingency fee of up to 40% of the amount claimed.

 

47. 
Class Action Waiver. CEDAR, each Merchant, and each Guarantor agree that they may bring claims against each other relating
to this Agreement only in their individual capacities, and not as a plaintiff or class action member in any purported class or representative
proceedings.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 10 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

48.  Arbitration.
Any action or dispute relating to this Agreement or involving CEDAR on one side and any Merchant or any Guarantor on the other,
including, but not limited to issues of arbitrability, will, at the option of any party to such action or dispute, be determined by
arbitration before a single arbitrator. The arbitration will be administered either by Arbitration Services, Inc. under its
Commercial Arbitration Rules as are in effect at that time, which rules are available at www.arbitrationservicesinc.com, or
by Mediation & Commercial Arbitration, Inc. under its Commercial Arbitration Rules as are in effect at that time, which rules
are available at www.mcarbitration.org. Once an arbitration is initiated with one of these arbitral forums, it must be
maintained exclusively before that arbitral forum and the other arbitral forum specified herein may not
be used. Any arbitration relating to this Agreement must be conducted in the Counties of Nassau, New York, Queens, or Kings in the
State of New York. Notwithstanding any provision of any applicable arbitration rules, any witness in an arbitration who does not
reside in or have a place for the regular transaction of business located in New York City or the Counties of Nassau, Suffolk, or
Westchester in the State of New York will be permitted to appear and testify remotely by telephone or video conferencing. In case
any Event of Default occurs and is not waived, each Merchant and each Guarantor consents to CEDAR making an application to the
arbitrator, without notice to any Merchant or any Guarantor, for the issuance of an injunction, restraining order, or other
equitable relief in CEDAR’s favor, subject to court or arbitrator approval, restraining each Merchant’s accounts and/or
receivables up to the amount due to CEDAR as a result of the Event of Default. Each Merchant acknowledges and agrees that this
Agreement is the product of communications conducted by telephone and the Internet, which are instrumentalities of interstate
commerce, that the transactions contemplated under this Agreement will be made by wire transfer and ACH, which are also
instrumentalities of interstate commerce, and that this Agreement therefore evidences a transaction affecting interstate commerce.
Accordingly, notwithstanding any provision in this Agreement to the contrary, all matters of arbitration relating to this Agreement
will be governed by and construed in accordance with the provisions of the Federal Arbitration Act, codified as Title 9 of the
United States Code, however any application for injunctive relief in aid of arbitration or to confirm an arbitration award may be
made under Article 75 of the New York Civil Practice Law and Rules. The arbitration agreement contained in this Section may also be
enforced by any

employee,
agent, attorney, member, manager, officer, subsidiary, affiliate entity, successor, or assign of CEDAR.

 

49. 
Service of Process. Each Merchant and each Guarantor consent to service of process and legal notices made by First Class or
Priority Mail delivered by the United States Postal Service and addressed to the Contact Address set forth on the first page of this
Agreement or any other address(es) provided in writing to CEDAR by any Merchant or any Guarantor, and unless applicable law or rules
provide otherwise, any such service will be deemed complete upon dispatch. Each Merchant and each Guarantor agrees that it will be precluded
from asserting that it did not receive service of process or any other notice mailed to the Contact Address set forth on the first page
of this Agreement if it does not furnish a certified mail return receipt signed by CEDAR demonstrating that CEDAR was provided with notice
of a change in the Contact Address.

 

50. 
Survival of Representation, etc. All representations, warranties, and covenants herein shall survive the execution and delivery
of this Agreement and shall continue in full force until all obligations under this Agreement shall have been satisfied in full and this
Agreement shall have terminated.

 

51. 
Waiver. No failure on the part of CEDAR 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
thereof or the exercise of any other right. The remedies provided hereunder are cumulative and not exclusive of any remedies provided
by law or equity.

 

52. 
Independent Sales Organizations/Brokers. Each Merchant and each Guarantor acknowledge that it may have been introduced to
CEDAR by or received assistance in entering into this Agreement or its Guarantee from an independent sales organization or broker (“ISO”).
Each Merchant and each Guarantor agree that any ISO is separate from and is not an agent or representative of CEDAR. Each Merchant and
each Guarantor acknowledge that CEDAR is not bound by any promises or agreements made by any ISO that are not contained within this Agreement.
Each Merchant and each Guarantor exculpate from liability and agree to hold harmless and indemnify CEDAR and its officers, directors,
members, shareholders, employees, and agents from and against all losses, damages, claims, liabilities, and expenses (including reasonable
attorney and expert fees) incurred by any Merchant or any Guarantor resulting from any act or omission by any ISO. Each Merchant and
each Guarantor acknowledge that any fee that they paid to any ISO for its services is separate and apart from any payment under this
Agreement. Each Merchant and each Guarantor acknowledge that CEDAR does not in any way require the use of an ISO and that any fees charged
by any ISO are not required as a condition or incident to this Agreement.

 

53. 
Modifications; Agreements. No modification, amendment, waiver, or consent of any provision of this Agreement shall be effective
unless the same shall be in writing and signed by all parties.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 11 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

54. 
Severability. If any provision of this Agreement is deemed invalid or unenforceable as written, it will be construed, to the
greatest extent possible, in a manner which will render it valid and enforceable, and any limitation on the scope or duration of any
such provision necessary to make it valid and enforceable will be deemed to be part thereof. If any provision of this Agreement is deemed
void, all other provisions will remain in effect.

 

55. 
Headings. Headings of the various articles and/or sections of this Agreement are for convenience only and do not necessarily
define, limit, describe, or construe the contents of such articles or sections.

 

56. 
Attorney Review. Each Merchant acknowledges that it has had an opportunity to review this Agreement and all addenda with counsel
of its choosing before signing the documents or has chosen not to avail itself of the opportunity to do so.

 

57. 
Entire Agreement. This Agreement, inclusive of all addenda, if any, executed simultaneously herewith constitutes the full
understanding of the parties to the transaction herein and may not be amended, modified, or canceled except in writing signed by all
parties. Should there arise any conflict between this Agreement and any other document preceding it, this Agreement will govern. This
Agreement does not affect any previous agreement between the parties unless such an agreement is specifically referenced herein. This
Agreement will not be affected by any subsequent agreement between the parties unless this Agreement is specifically referenced therein.
CEDAR will not be permitted to enforce any of its rights under this Agreement if so expressed by in writing by Gene Rosen’s Law
Firm.

 

58. 
Counterparts; Fax and Electronic Signatures. This Agreement may be executed electronically and in counterparts. Facsimile
and electronic copies of this Agreement will have the full force and effect of an original.

 

 

EACH
UNDERSIGNED HEREBY ACCEPTS THE TERMS OF THIS AGREEMENT

 

	FOR THE MERCHANT/OWNER (#1)	 	 
	 	 	 	 
	By: 	THOMAS EDWIN DYE JR	 	
		(Print Name and Title)	 	(Signature)
	 	 	 	 
	SS#		 	Driver
    License Number ____________________________
	 	 	 	 
	FOR THE MERCHANT/OWNER (#2)	 	 
	 	 	 	 
	By:
    	 	 	 
		(Print Name and Title)	 	(Signature)
	 	 	 	 
	SS#
    	 	 	Driver
    License Number ____________________________

 

Approved for CEDAR ADVANCE LLC by: _______________________________

 

    	 

    	
	Page 12 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 13 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

Default,
and each Guarantor will be deemed to have consented to the granting of an application for the same to any court or arbitral tribunal
of competent jurisdiction without any prior notice to any Merchant or Guarantor and without CEDAR being required to furnish a bond or
other undertaking in connection with the application.

 

G6.
Choice of Law. Each Guarantor acknowledges and agrees that the Agreement and this Guarantee were made in the State of New York,
that the Purchase Price is being paid by CEDAR in the State of New York, that the Receivables Purchased Amount is being delivered to
CEDAR in the State of New York, and that the State of New York has a reasonable relationship to the transactions encompassed by the Agreement
and this Guarantee. This Guarantee and the relationship between CEDAR, each Merchant, and each Guarantor will be governed by and construed
in accordance with the laws of the State of New York, without regard to any applicable principles of conflict of laws.

 

G7.
Forum and Venue Selection. Any litigation relating to this Agreement or this Guarantee or involving CEDAR on
one side and any Merchant or any Guarantor on the other must be commenced and maintained in any court located in the Counties of Nassau,
New York, or Sullivan in the State of New York (the “Acceptable Forums”). The parties agree that the Acceptable Forums are
convenient, submit to the jurisdiction of the Acceptable Forums, and waive any and all objections to the jurisdiction or venue of the
Acceptable Forums. If any litigation is initiated in any other venue or forum, the parties waive any right to oppose any motion or application
made by any party to transfer such litigation to an Acceptable Forum. The parties agree that this Guarantee encompasses the transaction
of business within the City of New York and that the Civil Court of the City of New York (“Civil Court”) will have jurisdiction
over any litigation relating to this Guarantee that is within the jurisdictional limit of the Civil Court. In addition to the Acceptable
Forums, any action or proceeding to enforce a judgment or arbitration award against any Merchant or Guarantor or to restrain or collect
any amount due to CEDAR may be commenced and maintained in any other court of competent jurisdiction.

 

G8.
Jury Waiver. Each Guarantor agrees to waive trial by jury in any dispute with CEDAR.

 

G9.
Counterclaim Waiver. In any litigation or arbitration commenced by CEDAR, each Merchant and each Guarantor will not be permitted
to interpose any counterclaim.

 

G10.
Statutes of Limitations. Each Merchant and each Guarantor agree that any claim that is not asserted against CEDAR within one
year of its accrual will be time barred.

 

G11.
Costs. Each Merchant and each Guarantor must pay all of CEDAR’s reasonable costs associated with a breach
by any Merchant of the covenants in this Agreement or this Guarantee and the enforcement thereof, including but not
limited to collection agency fees, expert witness fees, and costs of suit.

 

G12.
Prejudgment and Postjudgment Interest. If CEDAR becomes entitled to the entry of a judgment against any Merchant or any Guarantor,
then CEDAR will be entitled to the recovery of prejudgment interest at a rate of 24% per annum (or 16% per annum if any Merchant is a
sole proprietorship), or the maximum rate permitted by applicable law if less, and upon entry of any such judgment, it will accrue interest
at a postjudgment rate of 24% per annum (or 16% per annum if any Merchant is a sole proprietorship), or the maximum rate permitted by
applicable law if less, which rate will govern over the statutory rate of interest up until actual satisfaction of the judgment.

 

G13.
Legal Fees. If CEDAR prevails in any litigation or arbitration with any Merchant or any Guarantor, then that
Merchant and/or Guarantor must pay CEDAR’s reasonable attorney fees, which may include a contingency fee of up to 40% of the amount
claimed.

 

G14.
Class Action Waiver. CEDAR, each Merchant, and each Guarantor agree that they may bring claims against each
other relating to this Agreement only in their individual capacities, and not as a plaintiff or class action member in any purported
class or representative proceedings.

 

G15.
Arbitration. Any action or dispute relating to this Agreement or this Guarantee or involving CEDAR on one side and any Merchant
or any Guarantor on the other, including, but not limited to issues of arbitrability, will, at the option of any party
to such action or dispute, be determined by arbitration before a single arbitrator. The arbitration will be

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 14 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

administered
either by Arbitration Services, Inc. under its Commercial Arbitration Rules as are in effect at that time, which rules are available
at www.arbitrationservicesinc.com, or by Mediation & Commercial Arbitration, Inc. under its Commercial Arbitration Rules as
are in effect at that time, which rules are available at www.mcarbitration.org. Once an arbitration is initiated with one of these
arbitral forums, it must be maintained exclusively before that arbitral forum and the other arbitral forum specified herein may not be
used. Any arbitration relating to this Agreement or this Guarantee must be conducted in the Counties of Nassau, New York, Queens, or
Kings in the State of New York. Notwithstanding any provision of any applicable arbitration rules, any witness in an arbitration who
does not reside in or have a place for the regular transaction of business located in New York City or the Counties of Nassau, Suffolk,
or Westchester in the State of New York will be permitted to appear and testify remotely by telephone or video conferencing. In case
any Event of Default occurs and is not waived, each Guarantor consents to CEDAR making an application to the arbitrator, without notice
to any Merchant or any Guarantor, for the issuance of an injunction, restraining order, or other equitable relief in CEDAR’s favor,
subject to court or arbitrator approval, restraining each Guarantor’s accounts and/or receivables up to the amount due to CEDAR
as a result of the Event of Default.

 

Each
Guarantor acknowledges and agrees that the Agreement and this Guarantee are the product of communications conducted by telephone and
the Internet, which are instrumentalities of interstate commerce, that the transactions contemplated under the Agreement and this Guarantee
will be made by wire transfer and ACH, which are also instrumentalities of interstate commerce, and that the Agreement and this Guarantee
therefore evidence a transaction affecting interstate commerce. Accordingly, notwithstanding any provision in the Agreement or this Guarantee
to the contrary, all matters of arbitration relating to the Agreement or this Guarantee will be governed by and construed in accordance
with the provisions of the Federal Arbitration Act, codified as Title 9 of the United States Code, however any application for injunctive
relief in aid of arbitration or to confirm an arbitration award may be made under Article 75 of the New York Civil Practice Law and Rules.
The arbitration agreement contained in this Section may also be enforced by any employee, agent, attorney, member, manager, officer,
subsidiary, affiliate entity, successor, or assign of CEDAR.

 

G16.
Service of Process. Each Merchant and each Guarantor consent to service of process and legal notices made by First Class or Priority
Mail delivered by the United States Postal Service and addressed to the Contact Address set forth on the first page of the Agreement
or any other address(es) provided in writing to CEDAR by any Merchant or any Guarantor, and unless applicable law or rules provide otherwise,
any such service will be deemed complete upon dispatch. Each Merchant and each Guarantor agrees that it will be precluded from asserting
that it did not receive service of process or any other notice mailed to the Contact Address set forth on the first page of the Agreement
if it does not furnish a certified mail return receipt signed by CEDAR demonstrating that CEDAR was provided with notice of a change
in the Contact Address.

 

G17.
Severability. If any provision of this Guarantee is deemed invalid or unenforceable as written, it will be construed,
to the greatest extent possible, in a manner which will render it valid and enforceable, and any limitation on the scope or duration
of any such provision necessary to make it valid and enforceable will be deemed to be part thereof. If any provision of this Guarantee
is deemed void, all other provisions will remain in effect.

 

G18.
Survival. The provisions of Sections G2, G3, G4, G5, G6, G7, G8, G9, G10, G11, G12, G13, G14, G15, G16, G17, G18, G19, G20, G21,
and G22 shall survive any termination of this Guarantee.

 

G19.
Headings. Headings of the various articles and/or sections of this Guarantee are for convenience only and do not necessarily
define, limit, describe, or construe the contents of such articles or sections.

 

G20.
Attorney Review. Each Guarantor acknowledges that it has had an opportunity to review this Guarantee, the Agreement, and all
addenda with counsel of its choosing before signing the documents or has chosen not to avail itself of the opportunity to do so.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 15 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

G21.
Entire Agreement. This Guarantee, inclusive of all addenda, if any, executed simultaneously herewith may not
be amended, modified, or canceled except in writing signed by all parties. Should there arise any conflict between this Guarantee and
any other document preceding it, this Guarantee will govern. This Guarantee does not affect any previous agreement between the parties
unless such an agreement is specifically referenced in the Agreement or herein. This Guarantee will not be affected by any subsequent
agreement between the parties unless this Guarantee is specifically referenced therein.

 

G22.
Counterparts; Fax and Electronic Signatures. This Guarantee may be executed electronically and in counterparts. Facsimile and
electronic copies of this Guarantee will have the full force and effect of an original.

 

THE
TERMS, DEFINITIONS, CONDITIONS AND INFORMATION SET FORTH IN THE “STANDARD MERCHANT CASH ADVANCE AGREEMENT”, INCLUDING THE
“TERMS AND CONDITIONS”, ARE HEREBY INCORPORATED IN AND MADE A PART OF THIS GUARANTEE. CAPITALIZED TERMS NOT DEFINED IN THIS
GUARANTEE SHALL HAVE THE MEANING SET FORTH IN THE STANDARD MERCHANT CASH ADVANCE AGREEMENT, INCLUDING THE TERMS AND CONDITIONS.

 

EACH
UNDERSIGNED HEREBY ACCEPTS THE TERMS OF THIS GUARANTEE

 

	GUARANTOR
    (#1)	 	 
	 	 	 	 
	By: 	THOMAS EDWIN DYE JR	 	 
		(Print
    Name)	 	(Signature)
	 	 	 	 
	SS#		 	Driver
    License Number ____________________________
	 	 	 	 
	GUARANTOR
    (#2)	 	 
	 	 	 	 
	By:
    	 	 	 
		(Print
    Name)	 	(Signature)
	 	 	 	 
	SS#
    	 	 	Driver
    License Number ____________________________

 

    	 

    	
	Page 16 of 19
	STANDARD MERCHANT CASH ADVANCE AGREEMENT

    

 

BANK
INFORMATION

 

Dear
Merchant,

 

Thank
you for accepting this offer from CEDAR ADVANCE LLC. We look forward to being your funding partner.

 

You
authorize CEDAR ADVANCE LLC to collect the Receivables Purchased Amount under this Agreement by ACH debiting your bank account with the
bank listed below.

 

CEDAR
ADVANCE LLC will require viewing access to your bank account each business day.

 

CEDAR ADVANCE LLC will also require viewing access to
your bank account, prior to funding, as part of our underwriting process.

 

Please
fill out the form below with the information necessary to access your account.

 

*
Be sure to indicate capital or lower case letters.

 

Name
of bank: ____________________________________________________________________________________

 

Name
of account: __________________________________________________________________________________

 

Account
number: ____________________________________  Routing number: ________________________________

 

Bank
portal website: _______________________________________________________________________________

 

Username:
_______________________________________________________________________________________

 

Password:
_______________________________________________________________________________________

 

Security
Question/Answer 1: _________________________________________________________________________

 

Security
Question/Answer 2: _________________________________________________________________________

 

Security
Question/Answer 3: _________________________________________________________________________

 

Any
other information necessary to access your account: ___________________________________________________

 

If
you have any questions please feel free to contact us directly at (718) 400-9030.

 

	 	I have read and agree to the terms and conditions set forth
    above:
	 	 
	 	 
	 	Name and Title:	THOMAS EDWIN DYE JR	Date:	 07/29/2022 

 

    	 

    	
	Page 17 of 19
	 

    

 

ADDENDUM
TO STANDARD MERCHANT CASH ADVANCE AGREEMENT 

FOR ESTIMATED PAYMENTS

 

This
is an Addendum, dated 7/29/2022, to the Standard Merchant Cash Advance Agreement (“Agreement”), dated 7/29/2022, between
CEDAR ADVANCE LLC (“CEDAR”) and SLINGER BAG AMERICAS INC / SLINGER BAG INC / CONNEXA SPORTS TECHNOLOGIES INC. (“Merchant”).
This Addendum incorporates the Agreement by reference. The terms of this Addendum will control to the extent they conflict with any of
the terms in the Agreement.

 

Instead
of debiting the 10% Specified Percentage of Merchant’s Receivables, CEDAR may instead debit $44,970.00 (“Estimated Payment”)
from the Account every WEEK. The Estimated Payment is intended to be an approximation of no more than the Specified Percentage.

 

Any
Merchant may give written notice to CEDAR requesting that CEDAR conduct a reconciliation in order to ensure that the amount that CEDAR
has collected equals the Specified Percentage of Merchant(s)’s Receivables under this Agreement. Any Merchant may give written
notice requesting a reconciliation. A request for reconciliation may also be made by e-mail to reconciliations@cedaradvance.com. If such
reconciliation determines that CEDAR collected more than it was entitled to, then within three business days thereafter, CEDAR will credit
to the Account all amounts to which CEDAR was not entitled and decrease the Estimated Payment so that it is consistent with the Specified
Percentage of Merchant(s)’s Receivables from the date of the Agreement through the date of the reconciliation. If such reconciliation
determines that CEDAR collected less than it was entitled to, then within three business days thereafter, CEDAR will debit from the Account
all additional amounts to which CEDAR was entitled and increase the Estimated Payment so that it is consistent with the Specified Percentage
of Merchant(s)’s Receivables from the date of the Agreement through the date of the reconciliation, with the increase being subject
to any Cap in place on collections. In order to effectuate this reconciliation, any Merchant must produce with its request any and all
bank statements and merchant statements covering the period from the date of this Agreement through the date of the request for a reconciliation.
CEDAR will complete each such reconciliation within two business days after receipt of a written request for one accompanied by the information
and documents required for it. Nothing herein limits the amount of times that such a reconciliation may be requested.

 

	FOR THE MERCHANT/OWNER (#1)	 	 
	 	 	 	 
	By:	 	 	 
	 	(Print
    Name and Title)	 	(Signature)
	 	 	 	 
	FOR
    THE MERCHANT/OWNER (#2)	 	 
	 	 	 	 
	By:		 	 
	 	(Print
    Name and Title)	 	(Signature)

 

    	 

    	
	Page 18 of 19
	 

    

 

 

ADDENDUM
TO STANDARD MERCHANT CASH ADVANCE AGREEMENT

 

This
is an Addendum, dated 7/29/2022, to the Standard Merchant Cash Advance Agreement (“Agreement”), dated 7/29/2022, between
CEDAR ADVANCE LLC (“CEDAR”) and SLINGER BAG AMERICAS INC / SLINGER BAG INC / CONNEXA SPORTS TECHNOLOGIES INC. (“Merchant”).

 

Pursuant
to the Merchant Agreement, the Buyer is entitled to the Specified Percentage of Seller’s revenue (10%) until the Purchased Amount
is paid. However, for the first three weeks CEDAR is only purchasing 3.3% of Merchant’s Receivables, and the Estimated Payment
shall be $13,491.00

 

	FOR THE MERCHANT/OWNER (#1)	 	 
	 	 	 	 
	By:	Thomas
    Dye	 	 
	 	(Print
    Name and Title)	 	(Signature)
	 	 	 	 
	FOR
    THE MERCHANT/OWNER (#2)	 	 
	 	 	 	 
	By:		 	 
	 	(Print
    Name and Title)	 	(Signature)

 

    	 

    	
	Page 19 of 19
	 

    

 

 

PURCHASED
AMOUNT ADDENDUM

 

This
addendum is made as of 07/29/2022 (the “Addendum”) to the Agreement for the Purchase and Sale of Future Receipts between
CEDAR ADVANCE LLC (the “Buyer”) and THE (the “Seller”) SLINGER BAG AMERICAS INc1SLINGER BAG INc 1coNNExA seoRTs
TECHNOL0GIEs INc Dated 7/29/2022 (the “Agreement”)

 

Buyer
and Seller are sometimes referred to herein collectively as the “parties” and each as a “Party”. Whereas, the
Parties desire to add certain terms to the Agreement.

 

In
consideration of the above promises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties hereto, intending to be legally bound, do hereby agree and add terms to the Agreement as follows,

 

Purchased
amount shall be defined as: $855,000.00 if Seller delivers the Future Receipts within 45 calendar days of the Purchase Price being
paid by the Buyer

 

Purchased
amount shall be defined as: $ _______________if Seller delivers the Future Receipts within 60 calendar days of the Purchase Price being paid
by the Buyer

 

SELLER:
SLINGER BAG AMERICAS INC’ SLINGER BAG INC I CONNEXA SPORTS TECHNOLOGIES INC

 

	NAME	Thomas Dye	 
	SIGNATURE:

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