Document:

10.3 - Fourth Amended and Restated Revolving Promissory Note ($1,000,000)

FOURTH AMENDED AND RESTATED REVOLVING PROMISSORY NOTE

Omaha, Nebraska                                        $1,000,000.00
Note Date: August 26, 2011 Maturity Date: April 1, 2012

On or before April 1, 2012, HIGHWATER ETHANOL, LLC ("BORROWER"), promises to pay to the order of First Bank & Trust ("BANK") in care of FIRST NATIONAL BANK OF OMAHA at its headquarters in Omaha, Nebraska and in its capacity as the ADMINISTRATIVE AGENT for the BANKS under the AGREEMENT (as defined below), the principal sum hereof, which shall be One Million and No/100 Dollars ($1,000,000.00) or so much thereof as may have been advanced by BANK and shown on the records of the ADMINISTRATIVE AGENT to be outstanding under this FOURTH AMENDED AND RESTATED REVOLVING PROMISSORY NOTE ("REVOLVING PROMISSORY NOTE"). Interest on the principal balance from time to time outstanding will accrue at the rate provided for in the AGREEMENT, adjusting as provided for in the AGREEMENT. This REVOLVING PROMISSORY NOTE amends and restates that certain THIRD AMENDED AND RESTATED REVOLVING PROMISSORY NOTE dated February 26, 2011 executed in favor of and delivered to BANK, but is not a novation thereof. Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed. Interest on the REVOLVING LOAN shall be payable monthly, in arrears.

The interest rate applicable to this REVOLVING NOTE is subject to reduction as provided for in Section 2.15 of the AGREEMENT.

This REVOLVING PROMISSORY NOTE is executed pursuant to that certain Construction Loan Agreement dated April 24, 2008 between BANKS and BORROWER (the Construction Loan Agreement, together with all amendments, modifications and supplements thereto and all restatements and replacements thereof is called the ("AGREEMENT"). The AGREEMENT, and any amendments or substitutions thereof or thereto, contains additional terms and conditions, including default and acceleration provisions, which are incorporated into this REVOLVING PROMISSORY NOTE by reference. All capitalized terms not otherwise defined herein shall have the same meanings as set forth in the AGREEMENT.

The aggregate unpaid principal amount hereof plus interest shall become immediately due and payable without demand or further action on the part of the ADMINISTRATIVE AGENT or BANK upon the occurrence of an EVENT OF DEFAULT as set forth under the AGREEMENT or any other LOAN DOCUMENT. If the maturity date of this REVOLVING PROMISSORY NOTE is accelerated as a consequence of an EVENT OF DEFAULT, then the AGENT shall have all the rights and remedies provided for in the AGREEMENT, the other LOAN DOCUMENTS or otherwise available at law or in equity. The rights, powers, privileges, options and remedies of AGENT provided in the AGREEMENT, the other LOAN DOCUMENTS or otherwise available at law or in equity shall be cumulative and concurrent, and may be pursued singly, successively or together at the sole discretion of AGENT, and may be exercised as often as occasion therefor shall occur. No delay or discontinuance in the exercise of any right, power, privilege, option or remedy shall be deemed a waiver of such right, power, privilege, option or remedy, nor shall the exercise of any right, power, privilege, option or remedy be deemed an election of remedies or a waiver of any other right, power, privilege, option or remedy. Without limiting the generality of the foregoing, the ADMINISTRATIVE AGENT's waiver of an EVENT OF DEFAULT shall not constitute a waiver of acceleration in connection with any future EVENT OF DEFAULT. The ADMINISTRATIVE AGENT may rescind any acceleration of this REVOLVING PROMISSORY NOTE without in any way waiving or affecting any acceleration of this REVOLVING PROMISSORY NOTE in the future as a consequence of an EVENT 

OF DEFAULT. The ADMINISTRATIVE AGENT's acceptance of partial payment or partial performance shall not in any way affect or rescind any acceleration of this REVOLVING PROMISSORY NOTE made by the ADMINISTRATIVE AGENT.

Unless prohibited by law, BORROWER will pay on demand all reasonable costs of collection, reasonable legal expenses and reasonable attorneys' fees and costs incurred or paid by BANK in collecting and/or enforcing this REVOLVING PROMISSORY NOTE. Furthermore, BANK reserves the right to offset without notice all funds held by BANK against debts owing to BANK by BORROWER.

All makers and endorsers hereby waive presentment, demand, protest and notice of dishonor, consent to any number of extensions and renewals for any period without notice; and consent to any substitution, exchange or release of collateral, and to the addition or releases of any other party primarily or secondarily liable.

[SIGNATURE PAGE FOLLOWS]

Executed as of the Note Date set forth above.

HIGHWATER ETHANOL, LLC, a 
Minnesota limited liability company

By: /s/ Brian Kletscher                        
Brian Kletscher, Chief Executive 
Officer/General ManagerExhibit 10.1

 

EQUITY PUT AGREEMENT

THIS EQUITY PUT AGREEMENT (this “
Agreement”) is made and entered into as of  the 7th day of September, 2011, by and between FriendFinder Networks Inc. (the “Company
”), the parties set forth in Schedule 1 hereto (each, a “Shareholder” and collectively, the “Shareholders”),
and Anthony R. Bobulinski, in his capacity as the representative of each Shareholder as more fully described herein (the “Representative”).

RECITALS

WHEREAS, in connection with the closing of
the transactions contemplated by that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of the date hereof, by and among
the Company, JGC Holdings Limited (“Merger Sub”), BDM Global Ventures Limited (“BDM”) and certain other parties named therein
(the “Merger Agreement”), BDM will be merged with and into Merger Sub with Merger Sub as the surviving corporation (such surviving corporation
is referred to herein as “Holdco”);

WHEREAS, in connection with the closing of
the transactions contemplated by the Merger Agreement, each Shareholder shall receive the shares of common stock, par value $0.001 per share, of the Company
(the “Merger Shares”), and the warrants to purchase shares of Company’s common stock (the “Merger Warrants”), in each
case, as set forth opposite such Shareholder’s name in Schedule 1 hereto; and

WHEREAS, the Shareholders desire to have
the contractual put right to sell to the Company the Put Securities (as defined below) in accordance with the terms and conditions set forth in this Agreement.

NOW THEREFORE, in consideration of the mutual promises
and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby conclusively acknowledged, the
parties hereby agree as follows:

1.

Definitions.  For purposes of this
Agreement, the following terms shall have the following meanings:

(a)

“Company Stock” means the
Company’s common stock, par value $0.001 per share.

(b)

“Indentures” means (i) the
Indenture, dated October 27, 2010, concerning the 14% Senior Secured Notes due 2013 of the Company and its affiliates, (ii) the Indenture, dated October 27,
2010, concerning the Non-Cash Pay Secured Notes due 2014 of the Company and its affiliates, and (iii) the Indenture, dated October 27, 2010, concerning the Cash
Pay Secured Notes due 2013 of the Company and its affiliates.

(c)

“Market Value” means, as of a
specific date, with respect to a share of Company Stock, the Trailing Ten-Day Average thereof.

(d)

“Put Securities” means (i) a
number of shares of Company Stock equal to the number of Merger Shares issued to the Shareholders in connection with the closing of the Merger Agreement, (ii)
all of the Merger Warrants that have not been exercised as of the Vesting Date, and (iii) a number of shares of Company Stock equal to (x) the aggregate number
of shares of Company Stock issued to Shareholders in connection with the exercise of Merger Warrants prior to the Vesting Date, less (y) a number of shares of
Company Stock having a Market Value as of the Vesting Date equal to the aggregate cash paid to the Company by such Shareholders in connection with the exercise
of such Merger Warrants (it being understood that the amount of such cash paid is zero in the case of Merger Warrants exercised on a cashless basis).

(e)

“Shortfall Payment” means cash
and/or Company Stock having a combined Market Value as of the Vesting Date equal to the product of (i) 2,209,414 (as the same may be adjusted for any stock
dividend, split, combination or reclassification of any shares of Company Stock), and (ii) the difference between (x) $12.00, and (y) the highest Market Value
attained by of the Company Stock between the date hereof and the Vesting Date.

(f)

“Trailing Ten-Day Average”
means, as of a specific date, the volume-weighted average price of the Company Stock listed on the Nasdaq Global Market for the 10 trading days ending on such
date (or the last trading day prior thereto if such date does not fall on a trading day). 

(g)

“Vesting Date” shall mean the
later of: (i) June 30, 2014 or (ii) except as provided in Section 7(e)(iv), the date of satisfaction and discharge, and the release of all liens under each of
the Indentures; provided, however if an Indenture Modification (as hereinafter defined) occurs, the Vesting Date shall be the later of (I) June 30, 2014 or
 (II) the date that the Indenture Modification takes place.

2.

Grant of Put Option.

(a)

On the terms and subject to the conditions set
forth in this Agreement, the Company hereby grants to the Shareholders an option to sell the Put Securities to the Company (the “Put Option”)
in exchange for the transfer by the Company of 70 shares (the “Jigocity Shares”) of Holdco owned by the Company to the Shareholders.  In
lieu of delivering all or any portion of the Company Stock included in the Put Securities to the Company in exchange for the Jigocity Shares, the Representative
shall be permitted to substitute cash (“Put Cash”) therefor in an amount equal to the Market Value of the Company Stock not so delivered to the
Company.

(b)

Subject to the Company’s Shortfall Payment
right in Section 4, if, between the date hereof and the Vesting Date, the Market Value of the Company Stock has never been greater than or equal to $12.00 per
share, the Put Option shall become exercisable by the Representative in its sole discretion during the period commencing on the Vesting Date and expiring sixty
(60) days thereafter.

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3.

Exercise of Put Option.  In the event
that the Representative elects to exercise the Put Option, it shall provide written notice thereof to the Company to the address set forth in the Merger
Agreement (the “Put Notice”) prior to the expiration of such sixty (60) day period.

4.

Shortfall Payment Right.  Within
fifteen (15) days following receipt of a Put Notice (the “Shortfall Payment Period”), the Company in its sole discretion may elect to make a
Shortfall Payment to the Shareholders; provided, however, that if within 15 days following receipt of the Put Notice the Company notifies the Representative in
writing that the Company is electing to make the entire Shortfall Payment in cash, the Shortfall Payment Period shall expire thirty (30) days following receipt
of such Put Notice.  If the Company makes a Shortfall Payment within the Shortfall Payment Period, the Put Option shall immediately terminate and be of no
further force or effect.   In the event any portion or all of the Shortfall Payment is made in Company Stock, the Company shall satisfy the
requirements of Rule 16b-3 under the Securities Exchange Act of 1934 with respect to the issuance of such Company Stock prior to the issuance of such Company
Stock.

5.

Closing.

(a)

If the Company does not exercise the Shortfall
Payment right set forth in Section 4, the closing (the “Put Closing”) of the transactions contemplated in connection with the exercise of the
Put Option shall take place within ten (10) business days after the expiration of the Shortfall Payment Period.  

(b)

At the Put Closing, the Representative shall
(i) deliver to the Company letters of transmittal in a form reasonably satisfactory to the Company for all shares of Company Stock included in the Put
Securities, (ii) deliver to the Company all Merger Warrants included in the Put Securities, (iii) pay the amount of any Put Cash by wire transfer of immediately
available funds to an account designated in writing by the Company, and (iv) deliver all other documents and take all actions necessary or appropriate to
transfer the Put Securities to the Company.

(c)

At the Put Closing, the Company shall (i)
deliver to the Shareholders stock certificates and stock powers for the Jigocity Shares, and (ii) deliver all other documents and take all actions necessary or
appropriate to transfer the Jigocity Shares to the Shareholders.

6.

Representations, Warranties and Covenants of
the Shareholders.  Each Shareholder, severally, but not jointly, represents and warrants to the Company as follows:

(a)

Organization.  Each Shareholder
that is not a natural person is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and has all requisite
power and authority to own, lease and operate its properties and to carry on its business except as would not reasonably be expected to prevent such Shareholder
from carrying out its obligations under this Agreement.

(b)

Power; Due Authorization; Binding Agreement
.  Each Shareholder has all requisite power and authority (or legal capacity, in the case of Shareholders who are natural persons) to execute and
deliver this Agreement, and to consummate the transactions contemplated hereby.  

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The execution, delivery and performance
by each Shareholder of this Agreement has been duly authorized by all necessary action on the part of such Shareholder.  This Agreement has been duly and
validly executed and delivered by each Shareholder and constitutes a legal, valid and binding obligation of each Shareholder, enforceable against it in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights and
remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).

(c)

Ownership of Securities. Immediately
prior to the Put Closing: (i) the shares of Company Stock included in the Put Securities will be beneficially owned by the Shareholder tendering them to the
Company, and such Shareholder shall have voting power and dispositive power with respect to all such shares of Company Stock, and (ii) the Merger Warrants
included in the Put Securities will be beneficially owned by the Shareholder tendering them to the Company, and such Shareholder shall have dispositive power
with respect to all such Merger Warrants.  On the date of the Put Closing, the Shareholders shall be prepared to transfer valid title to all of the Put
Securities to Company free from all liens and the Put Securities shall be freely transferable except for restrictions on transfer pursuant to applicable law.

(d)

No Conflicts. The execution and delivery
of this Agreement by each Shareholder does not, and the performance of the terms of this Agreement by each such Shareholder will not, (i) require such
Shareholder to obtain the consent or approval of, or make any filing with or notification to, any governmental or regulatory authority, domestic or foreign
(other than the Securities and Exchange Commission (the “SEC”)), (ii) require the consent or approval of any other person pursuant to any
agreement, obligation or instrument binding on such Shareholder or its properties and assets, (iii) conflict with or violate any organizational document or law,
rule, regulation, order, judgment or decree applicable to such Shareholder or by which any property or asset of such Shareholder is bound, or (iv) violate any
other agreement to which such Shareholder is a party, including, without limitation, any voting agreement, stockholders agreement, irrevocable proxy or voting
trust.

7.

Representations, Warranties and Covenants of
the Company.  The Company hereby represents and warrants to the Shareholders as follows:

(a)

Organization.  The Company is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization, and has all requisite power and authority to own, lease and
operate its properties and to carry on its business.

(b)

Power; Due Authorization; Binding Agreement.  The Company has all requisite power and authority to execute and deliver this Agreement, and to consummate the transactions contemplated hereby.
 The execution, delivery and performance by the Company of this Agreement has been duly authorized by all necessary action on the part of the Company.
 This Agreement has been duly and validly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company,
enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws
affecting creditors’ rights and remedies generally and subject, as to enforceability, to general 

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principles of equity (regardless of
whether enforcement is sought in a proceeding at law or in equity).

(c)

Ownership of Securities.
 Immediately prior to the Put Closing: (i) the Jigocity Shares will be beneficially owned by the Company and (ii) the Company shall have voting power and
dispositive power with respect to all of the Jigocity Shares.  On the date of the Put Closing, the Company shall be prepared to transfer valid title to all
of the Jigocity Shares to the Shareholders free from all liens, and the Jigocity Shares shall be freely transferable except for restrictions on transfer
pursuant to state and/or federal securities laws. 

(d)

Jigocity Shares.  On the date of
the Put Closing, the Jigocity Shares constitute 70% of the issued and outstanding common shares of Holdco and, the remaining 30% of the issued and outstanding
common shares of Holdco shall be  held by the Company (the “Retained Shares”), and such shares constitute all of the issued and
outstanding shares of capital stock of Holdco.

(e)

Restrictions Regarding Holdco.
 From the date hereof until the date of the Put Closing, the Company shall:

(i)

not sell, transfer or assign
the Jigocity Shares, or all or a material portion of the assets of Holdco other than sales of assets in the ordinary course of business;

(ii)

not amend, modify or
otherwise change the memorandum and articles of association of Holdco, cause Holdco to declare or pay any dividend or other distribution on account of its
shares, incur (and the Company shall cause its subsidiaries other than Holdco and Holdco’s subsidiaries not to incur) indebtedness for borrowed money from
Holdco or any of its subsidiaries, cause Holdco to assume any non-ordinary course liabilities, or recapitalize Holdco (in each case other than liens under the
Indentures), except, in each case, as would not materially and adversely impact Holdco;

(iii)

  not create, incur, assume or
suffer to exist any lien upon or with respect to the Jigocity Shares or otherwise cause Holdco to become party to any collateral or security agreement with any
lender or creditor of the Company (in each case other than liens under the Indentures); 

(iv)

  not enter into an agreement
to extend the maturity dates of any of the Indentures if such agreement also includes other material terms and conditions that are more favorable to the Company
, unless such agreement permits the transfer of the Jigocity Shares in exchange for the Put Securities pursuant to the terms and conditions of this Agreement
(an "Indenture Modification"); and

(v)

use commercially reasonable
efforts to operate and expand the business of Holdco and its subsidiaries in accordance with operating and capital budgets to be determined after good faith
consultation with the Representative; provided, however, that the Shareholders and the Representative acknowledge and agree that the Company's management and
Board of Directors shall not be restricted from exercising their fiduciary 

5

duties and good faith
business judgment in respect of the Company's ownership and operation of Holdco and its subsidiaries including, exercising such duties and judgment in
connection with modifications or deviations from such budgets.

(f)

Non-Competition and Non-Solicitation.

(i)

For a period beginning on the
date of the Put Closing and ending twelve (12) months thereafter (the “Restricted Period”), the Company shall not, directly or indirectly, own,
operate, lease, manage, control, engage in, invest in, permit its name to be used by, act as consultant or advisor to, render services for (alone or in
association with any person, firm, corporate or other business organization) or otherwise assist in any manner any person in any business that competes with any
businesses of Holdco or any of its subsidiaries as conducted as of the date of the Put Closing, in each case, in Australia, Brazil, China, Hong Kong, Malaysia,
Singapore, South Korea, Taiwan and the United States; provided, however, that nothing herein shall prohibit the Company from entering into website affiliate
relationships in the ordinary course of business or being a beneficial owner of less than five percent (5%) of the outstanding stock of any publicly-traded
corporation or from continuing to own the Retained Shares following the Put Closing.

(ii)

During the Restricted
Period, the Company shall not, directly or indirectly: (A) induce or attempt to induce any employee of Holdco, any of its subsidiaries or any of their
respective Affiliates to leave the employ thereof, or in any way interfere with the relationship between Holdco, any of its subsidiaries or any of their
respective Affiliates and any employee thereof or (B) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business
relation of Holdco, any of its subsidiaries or any of their respective Affiliates to cease doing business therewith.

8.

Retained Shares.  Each of the
Company and each Shareholder hereby agrees that, for a period beginning on the date of the Put Closing and ending eighteen (18) months thereafter, the Retained
Shares shall be (a) subject to pre-emptive rights in substantially the form as the provisions of Article 15 through Article 24 of the Amended and Restated
Articles of Association of BDM, dated April 21, 2011 (the “BDM Articles”), (ii) subject to drag along rights in substantially the form as the
provisions of Article 47 through Article 55 of the BDM Articles, and (iii) entitled to tag along rights in substantially the form as the provisions of Article
56 to Article 62 of the BDM Articles.

9.

Appointment of Representative.

(a)

Each Shareholder constitutes, appoints and
empowers, effective from and
after the date hereof, Anthony R. Bobulinski as the Representative, for the benefit of the Shareholders and the exclusive agent and attorney-in-fact to act on
behalf of each Shareholder, in connection with and to facilitate the consummation of the transactions contemplated hereby, which shall include the power and
authority: (i) to execute and deliver such waivers, consents and amendments of or in connection with this Agreement and the consummation of the transactions
contemplated hereby as the Representative, in its sole discretion, may deem necessary or desirable, (ii) to substitute Put Cash in exchange for all or any
portion of the Jigocity Shares and to allocate the 

6

payment of the Put Cash among the
Shareholders, (iii) to allocate any Jigocity Shares or Shortfall Payment made hereunder among the Shareholders, (iv) to exercise or refrain from enforcing any
right of the Shareholders arising out of or under or in any manner relating to this Agreement, and (iv) to make, execute, acknowledge and deliver all such other
agreements, guarantees, orders, receipts, endorsements, notices, requests, instructions, certificates, stock powers, letters and other writings, and, in
general, to do any and all things and to take any and all action that the Representative, in its sole and absolute discretion, may consider necessary or proper
or convenient in connection with or to carry out the transactions contemplated by this Agreement.  None of the Company, Holdco or any of their respective
affiliates shall have any liability to any Shareholder or any other person for acts or reliance on acts by the Representative.

(b)

In the event of the death or permanent
disability of the Representative, or his resignation as Representative, a successor Representative shall be elected by a majority vote of the Shareholder, with
each Shareholder (or his, her or its successors or assigns) to be given a vote equal to the number of votes represented by the Merger Shares and Merger Warrants
held by such Shareholder (calculated on an fully diluted and as converted basis) as of the date hereof. Each successor Representative shall have all of the
power, authority, rights and privileges conferred by this Agreement upon the original Representative, and the term “Representative” as used herein
shall be deemed to include any successor Representative.

10.

Assignment.  Neither this Agreement
nor any of the rights, interests or obligations under this Agreement shall be assigned by any of the parties hereto without the prior written consent of the
other parties.  Subject to the preceding sentence, this Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and
their respective successors and assigns.

11.

General Provisions.

(a)

Expenses.  Whether or not the Put
Option is exercised, each party shall pay for its own costs and expenses incurred in connection with such exercise, this Agreement and the transactions
contemplated hereby.

(b)

Entire Agreement; Amendments and Waivers
.  This Agreement (including  the schedules and exhibits hereto) represents the entire understanding and agreement between the parties with
respect to the Put Option and the other transactions contemplated herein and can be amended, supplemented or modified, and any provision hereof can be waived,
only by written instrument making specific reference to this Agreement signed by the party against whom enforcement of any such amendment, supplement,
modification or waiver is sought.  The waiver by any party of a breach of any provision of this Agreement shall not operate or be construed as a further or
continuing waiver of such breach or as a waiver of any other or subsequent breach.  No failure on the part of any party to exercise, and no delay in
exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by
such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy.  All remedies hereunder are cumulative and
are not exclusive of any other remedies provided by law.

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(c)

Notices.  All notices and other
communications hereunder shall be given in accordance with the terms of the Merger Agreement.

(d)

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

(e)

Counterparts.  This Agreement may
be executed in one or more counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument.
 Delivery of an executed counterpart of a signature page to this Agreement by facsimile, portable document format or other electronic means shall be
effective as delivery of a manually executed counterpart to the Agreement.

(f)

Third Party Beneficiaries.  This
Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder.

(g)

Severability.  If any provision of
this Agreement is invalid, illegal or unenforceable, the balance of this Agreement shall remain in effect. Upon such determination that any term or other
provision is invalid, illegal or unenforceable, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to
the greatest extent possible.

(h)

Governing Law.  This Agreement
shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of law principles thereof.

(i)

Submission to Jurisdiction; Consent to
Service of Process.  The parties hereby irrevocably submit to the non-exclusive jurisdiction of any federal or state court located in the State of New
York over any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby and each party hereby irrevocably agrees that
all claims in respect of such dispute or any suit, action or proceeding related thereto may be heard and determined in such courts.  The parties hereby
irrevocably waive, to the fullest extent permitted by applicable law, any objection which they may now or hereafter have to the laying of venue of any such
dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute.  Each of the parties agrees that a judgment in any
such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

(j)

Attorneys’ Fees.  In the event
that either party files suit in order to enforce the terms of this Agreement against the other party or to obtain performance by it hereunder, the prevailing
party shall be entitled to recover all reasonable costs, including reasonable attorneys’ fees and costs, from the other party as part of any judgment in
such suit.

(k)

Further Assurances.  Each party
agrees that at any time and from time to time upon the request of the other party, such party will execute and deliver all further documents and do 

8

such further acts and things as the
other party may reasonably request consistent with the provisions hereof in order to effect the purposes of this Agreement.

* * * * *

9

IN WITNESS WHEREOF, the
parties have executed this Equity Put Agreement as of the date first written above.

			
	 
	 
	
FRIENDFINDER NETWORKS INC.

By: /s/ Ezra Shashoua

Name: Ezra Shashoua

Title: Chief Financial Officer

			
	 
	 
	
GLOBAL INVESTMENT VENTURES LLC

By: /s/ Anthony R. Bobulinski

Name: Anthony R. Bobulinski

Title: Managing Member

			
	 
	 
	
MALLAMUD ENTERPRISES LLC

By: /s/ Alexander Joshua Mallamud

Name: Alexander Joshua Mallamud

Title: Sole Managing Member

			
	 
	 
	
MDORMAN ENTERPRISES LLC

By: /s/ Michael Dorman

Name: Michael Dorman

Title: Manager

			
	 
	 
	
1026 INVESTMENT LLC

By: /s/ Sharyar E. Baradaran

Name: Sharyar E. Baradaran

Title:

			
	 
	 
	
CATAVATE GROUP LTD

By: /s/ Daniel W. Loeb

Name: Daniel W. Loeb

Title: Director and Chief Executive Officer

			
	 
	 
	
DOH742, LLC

By: /s/ Sharyar E. Baradaran

Name: Sharyar E. Baradaran

Title:

			
	 
	 
	
AVG FUND II NOMINEE TRUST

By: /s/ John R. Allard

Name: John R. Allard

Title: Trustee

			
	 
	 
	

/s/ Anthony R. Bobulinski

Anthony R. Bobulinski in his capacity as the Representative

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