Document:

EXHIBIT 10.3

EXECUTION VERSION

 

INTERCREDITOR AGREEMENT

THIS INTERCREDITOR AGREEMENT
(this “Intercreditor Agreement”), dated as of July 30, 2021, is by and among BAY COAST BANK, as agent for the First
Lien Lenders (as hereinafter defined) (in such capacity, “First Lien Agent” as hereinafter further defined), and TMI
TRUST COMPANY, as collateral agent under (i) the Indenture (as hereinafter defined) for the other Notes Secured Parties (as hereinafter
defined) and (ii) each Accession Agreement (as hereinafter defined) entered into after the date hereof for the Pari Passu Indebtedness
Secured Parties (as hereinafter defined) identified therein and related Supplement (as hereinafter defined) hereto (together with its
successors and assigns, in such capacity, “Second Lien Agent” as hereinafter further defined).

RECITALS:

A.             
First Lien Agent and the other First Lien Lenders have entered into one or more financing arrangements with Borrower (as hereinafter
defined), pursuant to which the First Lien Lenders have made and may, upon certain terms and conditions, continue to make loans and provide
other financial accommodations to Borrower secured by liens on and security interests in substantially all of the assets and properties
of Borrower and the other Obligors (as defined herein).

B.             
The Issuer (as hereinafter defined), the other Obligors named therein and TMI Trust Company, as trustee and collateral agent, have
entered into the Indenture, pursuant to which Issuer has issued, and the Noteholders have purchased, the Notes (as hereinafter defined),
which Notes are secured by liens on and security interests in substantially all of the assets and properties of the Issuer and the other
Obligors.

C.             
The First Lien Agent, the Borrower and the other Obligors have entered into the First Lien Credit Agreement (as hereinafter defined).

D.             
First Lien Agent, on behalf of itself and the other First Lien Lenders, and Second Lien Agent, on behalf of itself and the other
Second Lien Creditors, enter into this Intercreditor Agreement to (i) confirm the relative priorities of the Liens (as defined herein)
of First Lien Agent, on behalf of itself and the First Lien Lenders, and Second Lien Agent, on behalf of itself and the other Second Lien
Creditors, in the assets and properties of Borrower and the other Obligors, and (ii) provide for the orderly sharing among them, in accordance
with such priorities, of the proceeds of such assets and properties upon any foreclosure thereon or other disposition thereof.

In consideration of the
mutual benefits accruing to First Lien Agent, the First Lien Lenders, Second Lien Agent and the other Second Lien Creditors hereunder
and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree
as follows:

1.    
DEFINITIONS

As used above and in this Intercreditor
Agreement, the following terms shall have the meanings ascribed to them below:

    	 		 

     

    

1.1 
“Agreements” shall mean, collectively, the First Lien Loan Agreements and the Second Lien Documents.

1.2 
“Accession Agreement” shall mean an accession agreement, if any, to the Second Lien Documents, entered into
by the Issuer, the other Obligors, the agent, trustee or other representative for the holders of any Pari Passu Indebtedness and the Second
Lien Agent from time to time.

1.3 
“Banking Services” shall mean each and any of the following bank services provided to Borrower or any other
Obligor by any Cash Management Creditor: (a) commercial credit cards, (b) stored value cards and (c) treasury management services (including,
without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts, netting and interstate depository
network services).

1.4 
“Banking Services Obligations” of Borrower and the other Obligors shall mean any and all obligations of Borrower
or the other Obligors, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including
all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

1.5  “Bankruptcy
Law” means any of the U.S. Bankruptcy Code, the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors
Arrangement Act (Canada) and the Winding-Up and Restructuring Act (Canada), each as now and hereafter in effect, any successors to
such statutes and any other applicable bankruptcy, insolvency, winding-up, dissolution, restructuring, receivership, arrangement,
liquidation, reorganization or similar law of any jurisdiction providing relief from or otherwise affecting the rights of
creditors.

1.6 
“Borrower” shall collectively mean CURO Financial Technologies Corp., a Delaware corporation, and CURO Intermediate
Holdings Corp., a Delaware corporation, jointly and severally, and their successors and assigns, including, without limitation, any receiver,
trustee or debtor-in-possession on their behalf or on behalf of any of their successors or assigns.

1.7 
“Cash Management Creditor” shall mean any First Lien Lender party to the First Lien Credit Agreement or any
Affiliate (as defined in the First Lien Credit Agreement) thereof that provides Banking Services to Borrower or any other Obligor.

1.8 
“Collateral” shall mean all assets and properties of any kind whatsoever, real or personal, tangible or intangible
and wherever located, whether now owned or hereafter acquired, of Borrower or any other Obligor in which a security interest is granted
(or purported to be granted) under any of the Agreements.

1.9 
“Creditors” shall mean, collectively, First Lien Agent, the First Lien Lenders, Second Lien Agent, Trustee and
the other Second Lien Creditors, and their respective successors and assigns, being sometimes referred to herein individually as a “Creditor.”

1.10        
“Default” shall mean a “Default” or an “Event of Default” or similar term, as such terms
are defined in the First Lien Credit Agreement, and a “Default” or an “Event of Default” or similar term, as such
terms are defined in the Indenture or any Pari Passu Payment Lien Document, so long as any such Agreement is in effect.

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1.11        
“Enforcement Action” shall mean the exercise of any rights and remedies in respect of Collateral securing the
First Lien Obligations or the Second Lien Obligations by the applicable Creditor or Creditors including, without limitation, (a) any action
by any Creditor to foreclose on the Lien of such Person in any Collateral, (b) any action by any Creditor to take possession of, sell
or otherwise realize (judicially or nonjudicially) upon any Collateral (including, without limitation, by setoff or notification of account
debtors), and/or (c) the commencement by any Creditor of any legal proceedings against Borrower or any other Obligor or with respect to
any Collateral to facilitate the actions described in clauses (a) and (b) above.

1.12        
“First Lien Agent” shall mean, initially, Bay Coast Bank, in its capacity as agent for the First Lien Lenders
under the First Lien Credit Agreement, and its successors and assigns acting in a similar capacity under the First Lien Credit Agreement,
and shall include any successor “First Lien Agent” designated pursuant to Section 4.3(a).

1.13        
“First Lien Credit Agreement” shall mean, initially, the Revolving Loan Agreement, dated as of September 1,
2017, by and among the Borrower, First Lien Agent and certain other First Lien Lenders party thereto, as amended by that certain First
Amendment to Revolving Loan Agreement, dated February 26, 2018, that certain Second Amendment to Revolving Loan Agreement, dated August
27, 2018, that certain Third Amendment to Revolving Loan Agreement, dated November 9, 2018, that certain Fourth Amendment to Revolving
Loan Agreement, dated June 30, 2019, that certain Fifth Amendment to Revolving Loan Agreement, dated April 30, 2020, that certain Sixth
Amendment to Revolving Loan Agreement, dated January 29, 2021, that certain Seventh Amendment to Revolving Loan Agreement, dated June
30, 2021, and that certain Eighth Amendment to Revolving Loan Agreement, dated on or before August 10, 2021, and as the same may be further amended,
modified, supplemented, extended, replaced, renewed, refinanced or restated (in each case, whether or not upon termination and whether
with the original lenders, institutional investors or otherwise, including through the issuance of debt securities) from time to time
in accordance with the terms of this Intercreditor Agreement, and shall include any new “First Lien Credit Agreement” designated
pursuant to Section 4.3(a).

1.14        
“First Lien Default” shall mean a Default under the First Lien Credit Agreement.

1.15        
“First Lien Lenders” shall mean, collectively, (i) First Lien Agent, (ii) Bay Coast Bank, in its capacity as
a lender under the First Lien Credit Agreement and each of the other lenders now or hereafter party to the First Lien Credit Agreement
from time to time, (iii) all Hedging Creditors, (iv) all Cash Management Creditors, and (v) in each case in respect of preceding clauses
(i) through (iv), their respective successors and assigns , and shall include any new “First Lien Lenders” designated pursuant
to Section 4.3(a).

1.16        
“First Lien Loan Agreements” shall mean, collectively, (i) the First Lien Credit Agreement, (ii) all agreements,
confirmations and other documents entered into or evidencing any Hedging Transaction, (iii) all agreements and other documents entered
into or evidencing any Banking Services and (iv) all other agreements, documents, notes, guaranties, collateral documents and instruments
at any time executed and/or delivered by Borrower or any other Obligor with, to or in favor of First Lien Agent and/or the First Lien
Lenders in connection therewith or related thereto, including all “Facility Documents” or any similar term as defined in the
First Lien Credit Agreement, as all of the foregoing now exist or may hereafter be amended, modified, 

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supplemented, extended, replaced,
renewed, refinanced or restated from time to time (in each case, whether or not upon termination and whether with the original lenders,
institutional investors or otherwise, including through the issuance of debt securities), and shall include any new “First Lien
Loan Agreement” designated pursuant to Section 4.3(a).

1.17        
“First Lien Obligations” shall mean any and all obligations, liabilities and indebtedness of every kind, nature
and description owing by Borrower or any other Obligor (including, without limitation, Hedging Obligations and Banking Services Obligations)
to First Lien Agent and the First Lien Lenders evidenced by or arising under any of the First Lien Loan Agreements, whether direct or
indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including (without
limitation) principal, premium, interest, reimbursement, obligations, charges, fees, obligations to post cash collateral, costs, indemnities
and expenses (including, without limitation, attorneys’ and consultant fees and expenses), however evidenced, whether as principal,
surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial
or any renewal term of any of the First Lien Loan Agreements or after the commencement of any Insolvency Proceeding with respect to Borrower
or any other Obligor (and including, without limitation, the payment of interest, fees and expenses which would accrue and become due
but for the commencement of such Insolvency Proceeding at the applicable rate provided for in the respective First Lien Loan Agreements,
whether or not such interest, fees or expenses is allowed or allowable in whole or in part in any such Insolvency Proceeding), and in
each case, whether or not allowed or allowable in an Insolvency Proceeding, provided that, for purposes of this Intercreditor Agreement,
the term “First Lien Obligations” shall not include the principal amount of loans, the face amount of letter of credit accommodations,
Hedging Obligations and Banking Services Obligations in excess of the Maximum First Lien Obligations. The foregoing limitation shall not
apply to, and the term “First Lien Obligations” shall include, obligations consisting of interest and fees, costs or expenses
(except for that portion of interest and fees attributable to the portion of the First Lien Obligations that exceeds the Maximum First
Lien Obligations), in each case whether or not charged by First Lien Agent and/or the other First Lien Lenders to any loan account of
Borrower maintained by First Lien Agent pursuant to the First Lien Credit Agreement.

1.18        
“First Priority Claims” shall have the meaning set forth in the Indenture.

1.19        
“Hedging Creditor” shall mean any First Lien Lender party to the First Lien Credit Agreement or any Affiliate
(as defined in the First Lien Credit Agreement) thereof, including any First Lien Lender party to the First Lien Credit Agreement or any
Affiliate thereof at the time that the respective Hedging Transaction was entered into (even if the respective First Lien Lender subsequently
ceases to be a First Lien Lender under the First Lien Credit Agreement for any reason).

1.20        
“Hedging Obligations” of Borrower or any other Obligor shall mean any and all obligations of such Obligor, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications
thereof and substitutions therefor), under (a) any and all Hedging Transactions, and (b) any and all cancellations, buy backs, reversals,
terminations or assignments of any Hedging Transactions.

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1.21        
“Hedging Transaction” shall mean any transaction (including an agreement with respect thereto) now existing
or hereafter entered by Borrower or any other Obligor with a Hedging Creditor which is an interest rate protection agreement, interest
rate, swap, cap, collar or floor agreement, foreign currency exchange agreements or other interest rate or currency management device
used to manage interest rate risk or exchange rate risk.

1.22        
“Indenture” shall mean the Indenture, dated as of July 30, 2021, among the Issuer, the other Obligors named
therein, the Second Lien Agent and Trustee, as the same now exists or may hereafter be amended, modified, supplemented, extended, replaced,
renewed, refinanced or restated in accordance with the terms of this Intercreditor Agreement.

1.23        
“Indenture Documents” shall mean the Indenture, the Notes and all agreements, documents, collateral documents,
guaranties and instruments at any time executed and/or delivered by the Issuer or any other Obligor with, to or in favor of the Second
Lien Creditors in connection therewith or related thereto, as all of the foregoing now exist or may hereafter be amended, modified, supplemented,
extended, replaced, renewed, refinanced or restated (in each case, whether or not upon termination and whether with the original holders,
institutional investors or otherwise).

1.24        
“Indenture Obligations” shall mean all obligations, liabilities and indebtedness of every kind, nature and description
owing by the Issuer or any other Obligor to the Notes Secured Creditors (as defined in the Indenture) evidenced by or arising under the
Indenture Documents, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated
or unliquidated, including, without limitation, principal, interest, premium, if any, charges, fees, costs, indemnities and expenses (including,
without limitation, attorneys’ and consultant fees and expenses), however evidenced, whether as principal, surety, endorser, guarantor
or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the
Indenture Documents or after the commencement of any Insolvency Proceeding with respect to the Issuer or any other Obligor (and including,
without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding,
whether or not such interest is allowed or allowable in whole or in part in any such Insolvency Proceeding), and in each case, whether
or not allowed or allowable in an Insolvency Proceeding.

1.25        
“Insolvency Proceeding” shall mean, with respect to any Person, (a) a case, action or proceeding with respect
to such Person (i) before any court or any other Official Body under any bankruptcy, insolvency, reorganization or other similar law now
or hereafter in effect (including any Bankruptcy Laws), or (ii) for the appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator, conservator (or similar official) of with respect to any Person or otherwise relating to the liquidation, dissolution, winding-up
or relief of such Person, (b) any liquidation, dissolution, reorganization or winding up of such Person whether voluntary or involuntary
and whether or not involving insolvency or bankruptcy or (c) any general assignment for the benefit of creditors, composition, marshaling
of assets for creditors, or other similar arrangement in respect of such Person’s creditors generally or any substantial portion
of its creditors undertaken under any law.

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1.26        
“Issuer” shall mean CURO Group Holdings Corp., a Delaware corporation, and its successors and assigns, including,
without limitation, any receiver, trustee or debtor-in-possession on its behalf or on behalf of any of its successors or assigns.

1.27        
“Lien” shall mean any mortgage, deed of trust, pledge, lien, security interest, charge or other encumbrance
or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including any conditional sale or title
retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing
statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the
filing).

1.28        
“Maximum First Lien Obligations” shall mean the aggregate outstanding principal amount of Indebtedness under
Credit Facilities (each as defined in the Indenture (as in effect on the date hereof)) incurred pursuant to the First Lien Credit Agreement
not to exceed the amount permitted to be incurred pursuant to clause (i) of the definition of “Permitted Debt” contained in
the Indenture (as in effect on the date hereof).

plus (A) the aggregate amount of exposure
that the First Lien Lenders have in respect of Banking Services Obligations then provided or outstanding that constitute First Priority
Claims,

plus (B) the Swap Termination Value
of any Hedging Obligations that constitute First Priority Claims.

1.29        
“Noteholders” shall mean holders of the Notes at any time and from time to time and their respective successors
and assigns (including any other creditor or group of creditors that at any time succeeds to or refinances, replaces or substitutes for
all or any portion of the Second Lien Obligations under the Indenture Documents at any time from time to time (in each case, whether or
not upon termination and whether with the original holders, institutional investors or otherwise)).

1.30        
“Notes” shall mean the Issuer’s 7.500% Senior Secured Notes due 2028, issued pursuant to the Indenture,
as the same may hereafter be amended, modified, supplemented, extended, replaced, renewed, refinanced or restated in accordance with the
terms of this Intercreditor Agreement (in each case, whether or not upon termination and whether with the original holders, institutional
investors or otherwise).

1.31        
“Notes Guarantees” shall mean, collectively, the guarantees of the Obligors (other than the Issuer) under the
Notes and the Indenture.

1.32        
“Notes Secured Parties” shall mean, collectively, the Second Lien Agent, the Trustee and the holders of the
Notes, and their successors and assigns.

1.33        
“Obligors” shall mean, individually and collectively, any Person liable on or in respect of the Second Lien
Obligations or the First Lien Obligations, and each of their successors and assigns, including, without limitation, a receiver, trustee
or debtor-in-possession on behalf of such person or on behalf of any such successor or assign.

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1.34        
“Official Body” shall mean any national, Federal, state, local or other government or political subdivision
or any agency, authority, board, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand
jury or arbitrator, in each case whether foreign or domestic.

1.35        
“Order of Payment” shall mean, in connection with the application, payment or distribution of proceeds of any
Collateral pursuant to all applicable terms hereof (including, without limitation, any proceeds of any Collateral pursuant to any Enforcement
Action, together with all other proceeds received by any Creditor (including all funds received in respect of post-petition interest or
fees and expenses) as a result of any such Enforcement Action or as a result of any distribution of or in respect of any Collateral (whether
or not expressly characterized as such) upon or in any Insolvency Proceeding with respect to Borrower or any other Obligor, or the application
of any Collateral (or proceeds thereof) to the payment thereof or any distribution of Collateral (or proceeds thereof) upon the liquidation
or dissolution of Borrower or any other Obligor), the following order for such application: (i) first, ratably to pay all First
Lien Obligations in such order as specified in the relevant First Lien Loan Agreements until all First Lien Obligations have been paid
in full in cash (including amounts paid to be held by First Lien Agent and/or the First Lien Lenders as cash collateral in such amounts
as First Lien Agent determines is reasonably necessary to secure the First Lien Lenders in connection with (x) any issued and outstanding
letters of credit under the First Lien Credit Agreement but not in any event in an amount greater than 105% of the aggregate undrawn face
amount of such letters of credit constituting First Lien Obligations, and (y) any Hedging Obligations and Banking Services Obligations);
(ii) second, ratably to pay any obligations in respect of any expense reimbursements and indemnities then due and payable to Trustee
and Second Lien Agent in respect of the Second Lien Obligations, until paid in full; (iii) third, ratably to pay interest and fees
due and payable in respect of the Second Lien Obligations, until paid in full; (iv) fourth, ratably to pay principal and premium,
if any, of the Second Lien Obligations, until paid in full; (v) fifth, to the ratable payment of all other obligations, liabilities
and indebtedness in respect of the First Lien Loan Agreements and the Obligations (as defined in the First Lien Credit Agreement) then
due and payable; and (vi) sixth, to the ratable payment of all other obligations, liabilities and indebtedness in respect of the
Second Lien Documents and the Second Lien Obligations then due and payable.

1.36        
“Pari Passu Indebtedness” shall mean any Indebtedness (as defined in the Indenture) (other than any Indebtedness
evidenced by an a Additional Note (as defined in the Indenture) or related Notes Guarantee) (1) that is permitted to be incurred under
(x) Section 5.09 of the Indenture (as in effect on the date hereof) and (y) the First Lien Credit Agreement and (2) that is secured on
a pari passu basis with the Notes and the Notes Guarantees, as applicable, by a Permitted Lien (as defined in the Indenture (as in effect
on the date hereof)) described in clause (16) of the definition thereof; provided that (i) such Indebtedness is so designated as
Pari Passu Indebtedness in an officers’ certificate delivered to the First Lien Agent and the Second Lien Agent and (ii) an authorized
representative of the holders of such Indebtedness shall have executed and delivered a Supplement and an Accession Agreement.

1.37        
“Pari Passu Indebtedness Secured Parties” shall mean, collectively, the agent, the trustee or other representative,
if any (and their respective successors and assigns), and the holders of Pari Passu Indebtedness identified in a Supplement and an Accession
Agreement.

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1.38        
“Pari Passu Payment Lien Documents” shall mean any loan agreement, indenture or other instrument that evidences
or governs any Pari Passu Indebtedness and all other related documents identified in a Supplement and an Accession Agreement.

1.39        
“Pari Passu Payment Lien Obligations” shall mean all obligations (including interest that accrues after the
commencement of an insolvency or bankruptcy case, regardless of whether such interest is an allowed claim under such case) outstanding
under the Pari Passu Payment Lien Documents.

1.40        
“Person” or “person” shall mean any individual, sole proprietorship, partnership, corporation
(including without limitation, any corporation which elects subchapter S status under the Internal Revenue Code of 1986, as amended),
limited liability company, limited liability partnership, business trust, unincorporated association, joint stock company, trust, joint
venture, or other entity or any government or any agency or instrumentality or political subdivision thereof.

1.41        
“Release Event” shall mean (i) prior to the occurrence of an Insolvency Proceeding by or against Borrower or
any other Obligor, upon the occurrence and during the continuance of an Event of Default under the First Lien Loan Agreements, the taking
of any Enforcement Action with respect to all or any portion of the Collateral or (ii) after the occurrence of an Insolvency Proceeding
by or against Borrower or any other Obligor, the taking of any Enforcement Action described in clauses (a) and (b) of the definition of
such term by any Creditor or the entry of an order of a Bankruptcy Court pursuant to Section 362 of the U.S. Bankruptcy Code, or the comparable
provisions of other applicable Bankruptcy Law, vacating the automatic stay and authorizing any Creditor to take any Enforcement Action.

1.42        
“Required Lenders” shall mean the “Required Lenders” or any similar term as defined in the First
Lien Credit Agreement.

1.43        
“Second Lien Agent” shall mean TMI Trust Company, in its capacity as collateral agent for itself and the other
Second Lien Creditors under the Indenture, and its successors and assigns and each other Person acting in a similar capacity under any
Indenture and each Accession Agreement and related Supplement.

1.44        
“Second Lien Creditors” shall mean, collectively, the Notes Secured Parties and the Pari Passu Indebtedness
Secured Parties.

1.45        
“Second Lien Default” shall mean a Default under the Indenture or any Pari Passu Payment Lien Document.

1.46        
“Second Lien Documents” shall mean, collectively, the Indenture Documents and the Pari Passu Payment Lien Documents,
if any.

1.47        
“Second Lien Obligations” shall mean, collectively, the Indenture Obligations and the Pari Passu Payment Lien
Obligations.

1.48        
“Standstill Period” shall have the meaning specified in Section 2.10 hereof.

1.49        
“Supplement” shall have the meaning specified in Section 4.6 hereof.

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1.50        
“Swap Termination Value” shall mean, as of any date of determination, in respect of any one or more Hedging
Transactions, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Transactions,
(a) for any date on or after the date such Hedging Transactions have been closed out and termination value(s) determined in accordance
therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount determined as the mark
to market value for such Hedging Transaction, as determined pursuant to the terms of the documents governing such Hedging Transaction,
or if none is specified, then based upon one or more readily available quotations provided by a dealer in Hedging Transactions (which
may include First Lien Agent or any First Lien Lender) .

1.51        
“Trustee” shall mean TMI Trust Company, in its capacity as Trustee under the Indenture and its successors and
assigns including each other Person acting in a similar capacity under any Indenture.

1.52        
“UCC” shall mean the Uniform Commercial Code, as amended and in effect in any applicable jurisdiction.

1.53        
“U.S. Bankruptcy Code” shall mean Title 11 of the United States Code entitled “Bankruptcy,” as now
and hereafter in effect, any successor statute.

1.54        
All terms defined in the UCC as in effect in the State of New York, unless otherwise defined herein shall have the meanings set
forth therein. All references to any term in the plural shall include the singular and all references to any term in the singular shall
include the plural.

2.    
PAYMENTS; SECURITY INTERESTS; PRIORITIES; REMEDIES

2.1 
First Lien Agent and the First Lien Lenders hereby acknowledge that Second Lien Agent, for its own benefit and for the benefit
of the other Second Lien Creditors, has been granted Liens upon all of the Collateral pursuant to the Second Lien Documents to secure
the Second Lien Obligations. Second Lien Agent on behalf of itself and the other Second Lien Creditors hereby acknowledges that First
Lien Agent, for the benefit of the First Lien Lenders, has been granted Liens upon all of the Collateral pursuant to the First Lien Loan
Agreements to secure the First Lien Obligations.

2.2 
(a)Notwithstanding the date, order or time of attachment, or the date, order, time or manner of perfection, or the date, order
or time of filing or recordation of any document or instrument, or other method of perfecting a Lien in favor of each Creditor in any
Collateral, and notwithstanding any conflicting terms or conditions which may be contained in any of the Agreements and notwithstanding
any provision of the UCC or any other applicable law or any other circumstance whatsoever (including any non-perfection or non-validity
or unenforceability of any Lien purporting to secure the First Lien Obligations or the Second Lien Obligations), any Lien securing First
Lien Obligations now or hereafter held by or on behalf First Lien Agent or First Lien Lender or any agent or trustee therefore, regardless
of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, will have priority over and be senior
in all respects to the Liens securing the Second Lien Obligations (and the Liens securing the Second Lien Obligations will be junior and
subordinate to the Liens securing the First Lien Obligations). All Liens on the Collateral securing any First Lien Obligations shall be
and remain senior in all respects and prior to all Liens on the Collateral securing any Second Lien Obligations for all 

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purposes, whether
or not such Lien securing any First Lien Obligations are subordinated to any Lien securing any other obligation of any Obligor or any
other Person. The parties hereto acknowledge and agree that it is their intent that the First Lien Obligations (and the security therefor)
constitute a separate and distinct class (and separate and distinct claims) from the Second Lien Obligations (and the security therefor).

(b)  
Each of First Lien Agent, for itself and on behalf of the other First Lien Lenders, and Second Lien Agent, for itself and on behalf
of the other Second Lien Creditors, agrees that it will not, and hereby waives any right to, contest or support any other Person in contesting,
in any proceeding (including any Insolvency Proceeding), the priority, perfection, validity or enforceability of any Lien in the Collateral
of First Lien Agent or Second Lien Agent, as the case may be; provided that nothing in this Intercreditor Agreement shall be construed
to prevent or impair the rights of First Lien Agent or any other First Lien Lender to enforce this Intercreditor Agreement.

(c)  
The parties hereto agree that, so long as the First Lien Obligations have not been paid in full in cash, none of Borrower nor any
other Obligor shall, nor shall any such Person permit any of its subsidiaries to, (i) unless waived in writing by First Lien Agent, grant
or permit any additional Liens on any asset to secure the Second Lien Obligations unless it has granted, or concurrently therewith grants,
a Lien on such asset to secure the First Lien Obligations or (ii) unless waived in writing by Second Lien Agent or otherwise permitted
by the Indenture, grant or permit any additional Liens on any asset to secure any First Lien Obligations unless it has granted, or concurrently
therewith grants, a Lien on such asset to secure the Second Lien Obligations, with each such Lien to be subject to the provisions of this
Intercreditor Agreement. To the extent that the provisions of this paragraph (c) are not complied with for any reason, without limiting
any other right or remedy available to First Lien Agent or the other First Lien Lenders or the Second Lien Creditors, Second Lien Agent
agrees, for itself and on behalf of the other Second Lien Creditors, that any amounts received by or distributed to any Second Lien Creditors
pursuant to or as a result of any Lien granted in contravention of this Section 2.2(c) shall be subject to Section 2.4 hereof.

(d)  
The parties hereto acknowledge and agree that it is their intention that the Collateral securing the First Lien Obligations and
the Second Lien Obligations be identical. In furtherance of the foregoing, the parties hereto agree:

(i)   
to cooperate in good faith in order to determine, upon any reasonable request by First Lien Agent or Second Lien Agent, the specific
assets included in the Collateral, the steps required to be taken to perfect the Liens of First Lien Agent or Second Lien Agent thereon
and the identity of the respective parties obligated under the First Lien Loan Agreements and the Second Lien Documents in respect of
the First Lien Obligations and the Second Lien Obligations, respectively;

(ii) 
that, except to the extent otherwise agreed to by First Lien Agent, the documents, agreements and instruments creating or evidencing
the Collateral securing the Second Lien Obligations and the Liens of Second Lien Agent shall be in all respects in the same form as the
documents, agreements and instruments creating or evidencing the Collateral securing the First Lien Obligations and the Liens of First
Lien Agent, other than with respect to the first priority and second priority nature of the Liens created or evidenced thereunder, the
identity of the secured 

    	 	10	 

     

    

parties that are parties thereto or secured thereby and other matters contemplated by this Intercreditor Agreement;
and

(iii)         
that it will not obtain “control” (as defined in the UCC in effect in the State of New York) of any deposit account
or securities account maintained by Borrower or any other Obligor (other than a deposit account maintained with First Lien Agent) or file
any UCC financing statement against Borrower or any other Obligor after the date hereof without giving Second Lien Agent or First Lien
Agent, as the case may be, prior written notice of its intention to do so.

2.3 
The priorities of the Liens provided in Section 2.2 hereof shall not be altered or otherwise affected by (a) any amendment,
modification, supplement, extension, renewal, restatement, replacement or refinancing of the First Lien Obligations or the Second Lien
Obligations, nor (b) any action or inaction which any of the Creditors may take or fail to take in respect of the Collateral.

2.4 
Subject to Section 2.2 hereof and Section 2.9 hereof, prior to the payment in full in cash of the First Lien Obligations,
all Collateral and all proceeds of the Collateral received by the Second Lien Agent or any of the other Second Lien Creditors (including,
without limitation, any proceeds of any Collateral pursuant to any Enforcement Action, together with all other proceeds received by any
Creditor (including all funds received in respect of post-petition interest or fees and expenses) as a result of any such Enforcement
Action or as a result of any distribution of or in respect of any Collateral (whether or not expressly characterized as such) upon or
in any Insolvency Proceeding with respect to Borrower or any other Obligor, or the application of any Collateral (or proceeds thereof)
to the payment thereof or any distribution of Collateral (or proceeds thereof) upon the liquidation or dissolution of Borrower or any
other Obligor) shall be segregated from the other funds and property of Second Lien Agent or such Second Lien Creditor, as the case may
be, and received and held in trust by Second Lien Agent or such Second Lien Creditor, as the case may be, as trustee, and shall be forthwith
paid over, in the funds and currency received, to First Lien Agent for application to the First Lien Obligations; the foregoing turnover
provision shall apply to all Collateral and all proceeds of Collateral (including all cash removed from any Obligor’s premises or
accounts) received by or on behalf of Second Lien Agent or any other Second Lien Creditor in connection with any Enforcement Action taken
by Second Lien Agent or any other Second Lien Creditor following the expiration of the Standstill Period notwithstanding anything to the
contrary in Section 2.2 hereof. All proceeds of the Collateral received by First Lien Agent or the First Lien Lenders after the
First Lien Obligations have been paid in full in cash shall be forthwith paid over, in the funds and currency received, to Second Lien
Agent for application to the Second Lien Obligations (unless otherwise required by law).

2.5 
The foregoing provisions of this Intercreditor Agreement are intended solely to govern the respective Lien priorities as between
the Creditors and shall not impose on any Creditor any obligations in respect of the disposition of proceeds of any Collateral which would
conflict with prior perfected claims therein in favor of any other person or any order or decree of any court or governmental authority
or any applicable law.

2.6 
In the event that First Lien Agent, the First Lien Lenders, Second Lien Agent or the other Second Lien Creditors shall, in the
exercise of their rights under their Agreements or otherwise, receive possession or control of any books and records of Borrower or any
other Obligor which

    	 	11	 

     

    

contain information identifying or pertaining to any Collateral in which First Lien Agent, the First Lien Lenders,
Second Lien Agent or the other Second Lien Creditors (as the case may be) has been granted a Lien, such Person shall notify such other
Person that they have received such books and records and shall, as promptly as practicable thereafter, make available to such other Person
(at the expense of Borrower and the other Obligors) such books and records for inspection and duplication.

2.7 
Subject to the terms and conditions set forth in this Intercreditor Agreement, First Lien Agent and the First Lien Lenders shall
have the exclusive right to manage, perform and enforce the terms of the First Lien Loan Agreements with respect to the Collateral, to
exercise and enforce all privileges and rights thereunder according to their discretion and the exercise of their business judgment, including,
without limitation, the exclusive right to take or retake control or possession of such Collateral and to hold, prepare for sale, process,
sell, lease, dispose of, or liquidate such Collateral and to appoint an agent in connection with the foregoing, and to incur expenses
in connection with such sale, lease or other disposition and to exercise all of the rights and remedies of a secured creditor under the
UCC of any applicable jurisdiction or other applicable law (including, without limitation, any Bankruptcy Law). In exercising rights and
remedies with respect to the Collateral, First Lien Agent and the other First Lien Lender may enforce the provisions of the First Lien
Loan Agreements and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their
discretion. In furtherance of the foregoing, Second Lien Agent, for itself and on behalf of the Second Lien Creditors, agrees that, subject
to the terms and conditions of this Intercreditor Agreement (including, without limitation, Section 2.10 hereof), neither Second
Lien Agent nor any other Second Lien Creditor will (i) enforce or exercise, or seek to enforce or exercise, any rights or remedies with
respect to any Collateral (including, without limitation, the exercise of any right of set-off or under any lockbox agreement, control
account agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which Second Lien Agent or any Second
Lien Creditor is a party) or institute or commence, or join with any Person in commencing, any action or proceeding with respect to such
rights or remedies (including any action of foreclosure, enforcement, collection or execution and any Insolvency Proceeding), (ii) contest,
protest or object to any foreclosure action or proceeding brought by First Lien Agent or any other enforcement or exercise by any First
Lien Lender of any rights or remedies relating to the Collateral so long as Liens of the Second Lien Creditors attach to the proceeds
thereof, subject to the relative priorities provided for in this Intercreditor Agreement, or (iii) object to the forbearance by any First
Lien Lender from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies.
In connection with taking any Enforcement Action against the Collateral (including without limitation any public or private sale under
the UCC), First Lien Agent shall give Second Lien Agent such reasonable notice of such sale as may be required under the applicable UCC;
provided, however, that, subject to Section 3.5 hereof, 10 days’ notice shall be deemed in all respects to
be commercially reasonable notice.

2.8 
Notwithstanding anything to the contrary contained in any of the Agreements, but subject to Section 2.9 below and Section
2.10 below, prior to the time when First Lien Agent and the First Lien Lenders shall have received payment in full of all First Lien
Obligations in cash, whether or not an Insolvency Proceeding has been commenced by or against Borrower or any other Obligor, during the
continuance of a Release Event, only the First Lien Lenders shall have the right to restrict or permit, or approve or disapprove, the
sale, transfer or other disposition of, or otherwise 

    	 	12	 

     

    

deal with, the Collateral or to take and continue any Enforcement Action with respect
to the Collateral.

2.9 
(a)Prior to the existence of a Release Event, upon any release, sale or disposition of Collateral permitted pursuant to the
terms of the First Lien Loan Agreements and the Second Lien Documents that results in the release of the Lien of First Lien Agent and
the First Lien Lenders in any Collateral, the Liens of Second Lien Agent and the other Second Lien Creditors shall be automatically and
unconditionally released with no further consent or action of any Person. Second Lien Agent shall, at the expense of the Obligors, promptly
execute and deliver such release documents as First Lien Agent may upon written request reasonably require in connection with any such
release, sale or disposition of Collateral.

(b)  
Second Lien Agent shall, at any time during the continuance of a Release Event, at the expense of the Obligors:

(i)   
upon the written request of First Lien Agent with respect to the Collateral identified in such request as set forth below (which
request shall specify the proposed terms of the sale and the type and amount of consideration to be received in connection therewith),
subject to clause (ii) below, release or otherwise terminate its Liens on such Collateral, to the extent such Collateral is to be sold
or otherwise disposed of either by First Lien Agent or its agents;

(ii)  
deliver such release documents as First Lien Agent may reasonably require in connection therewith; provided, that,

(A) First Lien Agent shall
promptly apply any such proceeds as specified in the Order of Payment until the First Lien Obligations have been paid in full in cash,

(B) if any such sale or disposition
results in a surplus after application of the proceeds in the Order of Payment to the First Lien Obligations, such surplus shall be paid
to Second Lien Agent for the prompt application to the Second Lien Obligations as specified in the Order of Payment until the Second Lien
Obligations have been paid in full in cash;

(C) if any surplus shall
remain after the application to the Second Lien Obligations pursuant to preceding clause (B), such surplus shall be applied to the remaining
obligations, liabilities and indebtedness in the Order of Payment as provided in clauses (v) and (vi) of the definition thereof; and

(D) if the closing of the
sale or disposition of such Collateral is not consummated, First Lien Agent shall promptly return all release documents to the Second
Lien Agent for the benefit of the Second Lien Creditors.

(c)  
Second Lien Agent and the other Second Lien Creditors shall be deemed, in all cases, to have consented under the Agreements to
which such Second Lien Agent and the other Second Lien Creditors are a party to such sale or other disposition of Collateral described
in Sections 2.9(a) and (b) above. In furtherance of the foregoing, Second Lien Agent, for itself and on behalf of the other
Second Lien Creditors, hereby irrevocably constitutes and appoints First Lien Agent and any officer or agent of First Lien Agent, with
full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of
Second Lien Agent or 

    	 	13	 

     

    

such other Second Lien Creditor or in First Lien Agent’s own name, from time to time in First Lien Agent’s
discretion, for the purpose of carrying out the terms of this clause (c) and clauses (b)(i) and (ii) above, to take any and all appropriate
action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of such clauses,
including any endorsements or other instruments of transfer or release.

2.10        
Except as specifically provided in Section 2.11 below, notwithstanding any rights or remedies available to Second Lien Agent
or the other Second Lien Creditors under any of the Second Lien Documents, applicable law or otherwise, prior to the time that First Lien
Agent and the First Lien Lenders shall have received the payment in full of all First Lien Obligations in cash, neither Second Lien Agent
nor any of the other Second Lien Creditors shall, directly or indirectly, take any Enforcement Action with respect to any of the Collateral;
provided, however, commencing on the 151st day after receipt by First Lien Agent of Second Lien Agent’s
written declaration of a Second Lien Default which constitutes an “Event of Default” and written demand by Second Lien Agent
to Issuer for the accelerated payment of all Second Lien Obligations (unless Issuer or any other Obligor is subject to an Insolvency Proceeding
by reason of which such declaration and the making of such demand is stayed, in which case, commencing on the date of the commencement
of such Insolvency Proceeding) (the “Standstill Period”), then Second Lien Agent or the other Second Lien Creditors
may take action to enforce their Liens on the Collateral, but only so long as First Lien Agent and/or the First Lien Lenders are not pursuing
in a commercially reasonable manner the exercise of their enforcement rights or remedies against, or diligently attempting to vacate (in
a commercially reasonable manner) any stay of enforcement of their Liens on, all or a material portion of the Collateral (including, without
limitation, commencement of any action to foreclose its Liens on all or any material portion of the Collateral, notification of account
debtors to make payments to First Lien Agent, any action to take possession of all or any material portion of the Collateral or commencement
of any legal proceedings or actions against or with respect to all or any material portion of the Collateral) and with any determination
of which Collateral to proceed against, and in what order, to be made by First Lien Agent or such First Lien Lenders in their reasonable
judgment); provided further that (x) any Collateral or any proceeds of Collateral received by Second Lien Agent or such other Second
Lien Creditor, as the case may be, in connection with the enforcement of such Lien shall be applied in accordance with the Order of Payment
and (y) First Lien Agent or any other First Lien Lenders may at any time take over such enforcement proceedings from Second Lien Agent
or the other Second Lien Creditors so long as First Lien Agent or such the First Lien Lenders, as the case may be, pursue enforcement
proceedings with respect to all or a material portion of the Collateral in a commercially reasonable manner, with any determination of
which Collateral to proceed against, and in what order, to be made by First Lien Agent or such First Lien Lenders in their reasonable
judgment, and provided further that Second Lien Agent or the other Second Lien Creditors, as the case may be, shall only be able
to recoup (from amounts realized by First Lien Agent or any First Lien Lender(s) in any enforcement proceeding with respect to the Collateral
(whether initiated by First Lien Agent or First Lien Lender(s) or taken over by them as contemplated above) any expenses incurred by them
in accordance with the priorities set forth in the Order of Payment. In any sale or other disposition of any of the Collateral by Second
Lien Agent and/or the other Second Lien Creditors, Second Lien Agent and/or the other Second Lien Creditors shall conduct such sale or
disposition in a commercially reasonable manner. Such exercise and enforcement shall include the rights of an agent appointed by them
to sell or otherwise dispose of Collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise
all rights and 

    	 	14	 

     

    

remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor
under the Bankruptcy Law of any applicable jurisdiction.

2.11        
Section 2.10 above shall not be construed to in any way limit or impair the right of: (a) any First Lien Lender to bid for
or purchase Collateral at any private or judicial foreclosure upon such Collateral initiated by any other Creditor, (b) any Second Lien
Creditor to cash bid for or purchase for cash Collateral, in an amount sufficient to pay the First Lien Obligations in full, at any private
or judicial foreclosure upon such Collateral initiated by any other Creditor, (c) to join (but not control) any foreclosure or other judicial
lien enforcement proceeding with respect to the Collateral initiated by First Lien Agent, so long as it does not delay or interfere in
any material respect with the exercise by First Lien Agent or the First Lien Lenders of their rights as provided in this Intercreditor
Agreement, and (d) the Second Lien Creditors’ right to receive any remaining proceeds of Collateral after satisfaction and payment
in full in cash of all First Lien Obligations.

2.12        
If the First Lien Lenders should honor a request by Borrower for a loan, advance or other financial accommodation under the First
Lien Loan Agreements, whether or not the First Lien Lenders have knowledge that the honoring of such request would result in an event
of default, or act, condition or event which with notice or passage of time or both would constitute an event of default under the Second
Lien Documents, in no event shall First Lien Agent or the First Lien Lenders have any liability to Second Lien Agent or the other Second
Lien Creditors as a result of such breach, and without limiting the generality of the foregoing, Second Lien Agent and the other Second
Lien Creditors agree that neither First Lien Agent nor the First Lien Lenders shall have any liability for tortious interference with
contractual relations or for inducement by First Lien Agent or the First Lien Lenders of Borrower to breach of contract or otherwise,
provided, that, the First Lien Lenders agree that the aggregate principal amount of the First Lien Obligations outstanding at any
one time (but not interest, costs, expenses or other charges payable by Borrower or any other Obligor to First Lien Agent and/or the First
Lien Lenders or charged by First Lien Agent and/or the First Lien Lenders to any loan account of Borrower or any other Obligor maintained
by First Lien Agent and/or the First Lien Lenders pursuant to the terms of the First Lien Credit Agreement) shall not exceed the Maximum
First Lien Obligations. Nothing contained in this Section 2.12 shall limit or waive any right that Second Lien Agent or the other
Second Lien Creditors have to enforce any of the provisions (other than with respect to the matters covered by this Intercreditor Agreement)
of the Second Lien Documents against Borrower or any other Obligor.

2.13        
(a)First Lien Agent and the First Lien Lenders shall not:

(i)   
make any amendment to the maturity date of any portion of the First Lien Obligations under the First Lien Credit Agreement to a
date later than the latest maturity date of any portion of the Second Lien Obligations as extended from time to time pursuant to the terms
of the Second Lien Documents; or

(ii) 
add to the Collateral securing the First Lien Obligations except as permitted by this Intercreditor Agreement.

(b)  
Second Lien Agent and the other Second Lien Creditors shall not agree to:

    	 	15	 

     

    

(i)   
make any amendment of the Second Lien Documents that would shorten the due dates of any principal or interest payments of the Second
Lien Obligations;

(ii) 
make any amendment of the Second Lien Documents to the extent such amendment adds or modifies any representation, warranty, or
covenant under the Second Lien Documents to be more restrictive on Borrower, any other Obligor or any of their respective subsidiaries,
or adds or modifies any default or event of default under the Second Lien Documents to be more restrictive on Borrower, any other Obligor
or any of their respective Subsidiaries; further, in no event shall any financial covenant maintenance tests (whether stated as a covenant,
a default or otherwise) be added to the Second Lien Documents;

(iii)  increase
the interest rate under the Second Lien Documents by more than 300 basis points (excluding increases resulting from the accrual of interest
at the default rate or interest paid-in-kind); or

(iv) add to the Collateral
securing the Second Lien Obligations except as permitted by this Intercreditor Agreement.

(c)  
In the event First Lien Agent or the First Lien Lenders and the relevant Obligor(s) enter into any amendment, waiver or consent
in respect of any of the First Lien Loan Agreements that are security or collateral documents for the purpose of adding to, or deleting
from, or waiving or consenting to any departures from any provisions of any such First Lien Loan Agreement or changing in any manner the
rights of First Lien Agent, the First Lien Lenders, Borrower or any other Obligor thereunder, then such amendment, waiver or consent shall
apply automatically to any comparable provision of the Second Lien Documents without the consent of Second Lien Agent or the other Second
Lien Creditors and without any action by Second Lien Agent, Borrower or any other Obligor, provided, that (A) no such amendment,
waiver or consent shall have the effect of (i) removing assets subject to the Lien of the Second Lien Documents, except to the extent
that a release of such Lien is permitted by this Intercreditor Agreement or the Second Lien Documents, (ii) adversely affecting the rights
or duties of Second Lien Agent without its consent, or (iii) permitting other liens on the Collateral not permitted under the terms of
the Second Lien Documents or Section 4.5 hereof and (B) notice of such amendment, waiver or consent shall have been given to Second
Lien Agent (although the failure to give any such notice shall in no way affect the effectiveness of any such amendment, waiver or consent).

2.14        
Each Creditor shall give to the other Creditors concurrently with the giving thereof to Borrower or Issuer, as the case may be,
(i) a copy of any written notice by such Creditor of an event of default under its respective Agreements with Borrower or Issuer, as the
case may be, or written notice of demand of payment from Borrower or Issuer, as the case may be, and (ii) a copy of any written notice
sent by such Creditor to Borrower or Issuer, as the case may be, at any time a Default under such Creditor’s Agreements with Borrower
or Issuer, as the case may be, exists stating such Creditor’s intention to exercise any of its enforcement rights or remedies, including
written notice pertaining to any foreclosure on any of the Collateral or other judicial or nonjudicial remedy in respect thereof to the
extent permitted hereunder, and any legal process served or filed in connection therewith; provided, that, the failure of any party
to give notice as required hereby shall not affect the relative priorities of Creditor’s respective Liens as provided herein or
the validity or effectiveness of any such notice as against Borrower or any other Obligor. Second Lien 

    	 	16	 

     

    

Agent shall provide a copy of any
notice received pursuant to this Section to the Noteholders in accordance with its obligations under the Indenture.

2.15        
In the event that any Second Lien Default shall have occurred solely as a result of a First Lien Default, and if such First Lien
Default shall have been cured by Borrower or any other Obligor or waived by First Lien Agent or the First Lien Lenders (as applicable),
then (i) such Second Lien Default shall be deemed to be automatically cured by Borrower or such other Obligor or waived by Second Lien
Agent and the other Second Lien Creditors, as the case may be, and (ii) and any period under Section 2.10 hereof commenced and
then existence shall terminate for all purposes hereunder and Second Lien Agent and the other Second Lien Creditors shall cease any remedial
actions commenced and then continuing in connection with such Second Lien Default.

3.    
SECOND LIEN CREDITOR PURCHASE OPTION

3.1 
Following the occurrence of (i) written notice by First Lien Agent or the First Lien Lenders of their intent to accelerate the
payment of the First Lien Obligations or to commence any Enforcement Action with respect to any Collateral (or acceleration or the actual
commencement of any such Enforcement Action), (ii) the commencement of any Insolvency Proceeding, or (iii) a payment default under the
First Lien Loan Agreements which has not been cured or waived by the applicable creditors within 30 days after the occurrence thereof,
any Second Lien Creditor shall have the option at any time within 90 days after such occurrence upon five (5) business days’ prior
written notice from Second Lien Agent (on behalf of any such Second Lien Creditors) to First Lien Agent to purchase all (but not less
than all) of the First Lien Obligations (including any unfunded commitments thereunder and participations in letters of credit) from the
First Lien Lenders. Such notice from Second Lien Agent (on behalf of any such Second Lien Creditors) to First Lien Agent shall be irrevocable.
In order to effectuate the foregoing, First Lien Agent shall estimate, upon the written request of Second Lien Creditors upon the exercise
of such election, the amount in cash that would be necessary to so purchase such First Lien Obligations (assuming the date of the purchase
is the date the election was made). The First Lien Obligations shall be purchased among the Second Lien Creditors (other than the Trustee
and the Second Lien Agent) giving notice to Second Lien Agent of their intent (which notice shall be irrevocable) to exercise the purchase
option hereunder based on the amounts specified therein.

3.2 
On the date specified by Second Lien Creditors in such notice (which shall not be less than five (5) business days, nor more than
thirty (30) days, after the receipt by First Lien Agent of the notice from Second Lien Agent of certain Second Lien Creditors election
to exercise such option), the First Lien Lenders shall sell to such Second Lien Creditors electing to purchase, and the Second Lien Creditors
electing to purchase shall purchase from the First Lien Lenders, the First Lien Obligations all in accordance with the terms and conditions
to be agreed upon directly among the First Lien Agent and such Second Lien Creditors that have elected to purchase the First Lien Obligations
.. The First Lien Lenders hereby represent and warrant that, as of the date hereof, no approval of any court or other regulatory or governmental
authority is required for such sale.

3.3 
Upon the date of such purchase and sale, the Second Lien Creditors exercising the purchase option in this Section 3 shall
(i) pay to the First Lien Lenders as the purchase price therefor the full amount of all the First Lien Obligations then outstanding and
unpaid (including principal, premium, interest, fees and expenses, including reasonable attorneys’ fees and legal expenses but 

    	 	17	 

     

    

excluding
any early termination fee payable pursuant to the First Lien Credit Agreement, which amount may be different from the estimate calculated
in Section 3.1 above), (ii) furnish cash collateral or back-stop letters of credit to the First Lien Lenders in such amounts as
the First Lien Lenders determine is reasonably necessary to secure the First Lien Lenders in connection with (A) any issued and outstanding
letters of credit constituting First Lien Obligations provided by First Lien Agent or the First Lien Lenders (or letters of credit that
First Lien Agent or the First Lien Lenders have arranged to be provided by third parties pursuant to the financing arrangements of the
First Lien Lenders with Borrower or any other Obligor constituting First Lien Obligations) to Borrower or any other Obligor (but not in
any event in an amount greater than 105% of the aggregate undrawn face amount of such letters of credit), and (B) Hedging Obligations
and Banking Services Obligations in an amount not to exceed 100% of the Swap Termination Value or Banking Services Obligations, as applicable,
and (iii) agree to reimburse First Lien Agent and the First Lien Lenders for any loss, cost, damage or expense (including reasonable attorneys’
fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of
credit constituting First Lien Obligations as described above and any checks or other payments provisionally credited to the First Lien
Obligations, and/or as to which First Lien Agent or the First Lien Lenders have not yet received final payment. Such purchase price and
cash collateral shall be remitted by wire transfer in federal funds to such bank account of First Lien Agent (on behalf of the First Lien
Lenders) as First Lien Agent may designate in writing to such Second Lien Creditors for such purpose. Interest shall be calculated to
but excluding the business day on which such purchase and sale shall occur if the amounts so paid by such Second Lien Creditors to the
bank account designated by First Lien Agent are received in such bank account prior to 12:00 Noon, New York City time, and interest shall
be calculated to and including such business day if the amounts so paid by such Second Lien Creditors to the bank account designated by
First Lien Agent are received in such bank account later than 12:00 Noon, New York City time.

3.4 
Such purchase shall be expressly made without representation or warranty of any kind by the First Lien Lenders as to the First
Lien Obligations or otherwise and without recourse to the First Lien Lenders, except that the First Lien Lenders shall represent and warrant:
(i) the amount of the First Lien Obligations being purchased, (ii) that the First Lien Lenders own the First Lien Obligations free and
clear of any Liens or encumbrances and (iii) the First Lien Lenders have the right to assign the First Lien Obligations and the assignment
is duly authorized. All purchase or assignment documentation (including any cash collateral arrangements and back-stop letters of credit)
in connection with the exercise of the Second Lien Creditors rights under this Section 3 shall be in form and substance reasonably
satisfactory to First Lien Agent.

3.5 
In the event that any one or more of the Second Lien Creditors exercises the purchase option set forth in this Section 3,
First Lien Agent shall take such action with respect to the Collateral (including in an Insolvency Proceeding) as may be reasonably requested
in good faith and in writing by such Second Lien Creditors until the closing of such purchase. Notwithstanding anything to the contrary
provided herein, the First Lien Lenders may take any Enforcement Actions they deem reasonable unless and until the Second Lien Creditors
have notified First Lien Agent of their irrevocable option to purchase the First Lien Obligations.

    	 	18	 

     

    

4.    
MISCELLANEOUS

4.1 
Representations.

(a)  
Second Lien Agent on behalf of itself and each other Second Lien Creditor represents and warrants to First Lien Agent and the First
Lien Lenders that the execution, delivery and performance of this Intercreditor Agreement by Second Lien Agent on behalf of the other
Second Lien Creditors are within the powers of Second Lien Agent and have been duly authorized by Second Lien Agent pursuant to the terms
of the Indenture and all other Second Lien Documents.

(b)  
First Lien Agent on behalf of itself and each other First Lien Lender represents and warrants to Second Lien Agent and the other
Second Lien Creditors that the execution, delivery and performance of this Intercreditor Agreement by First Lien Agent on behalf of the
First Lien Lenders are within the powers of First Lien Agent and have been duly authorized by First Lien Agent pursuant to the terms of
the First Lien Credit Agreement.

(c)  
Second Lien Agent and First Lien Agent acknowledge and agree that neither has made any representation or warranty with respect
to the execution, validity, legality, completeness, collectability or enforceability of any other First Lien Loan Agreement or any other
Second Lien Document. Except as otherwise provided in this Intercreditor Agreement First Lien Agent will be entitled to manage and supervise
its extensions of credit to any Obligor in accordance with law and their usual practices, modified from time to time as it deems appropriate.

4.2 
Amendments. Any waiver, permit, consent or approval by any Creditor of or under any provision, condition or covenant to
this Intercreditor Agreement must be in writing and shall be effective only to the extent it is set forth in writing and as to the specific
facts or circumstances covered thereby. Any amendment of this Intercreditor Agreement must be in writing and signed by First Lien Agent
and Second Lien Agent.

4.3 
Successors and Assigns.

(a)  
This Intercreditor Agreement is a continuing agreement and shall (i) remain in full force and effect until the earlier of (A) repayment
in full in cash of all First Lien Obligations (but, for this purpose, determined without giving effect to the proviso to the first sentence
of the definition of “First Lien Obligations” contained herein) or (B) the repayment in full of all Second Lien Obligations,
(ii) be binding upon the parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the parties
and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), any Creditor
may assign or otherwise transfer all or any portion of the First Lien Obligations or the Second Lien Obligations, as applicable, to any
other Person in the manner contemplated in the First Lien Loan Agreements and the Second Lien Documents, and such other Person shall thereupon
become vested with all the rights and obligations in respect thereof granted to such person herein or otherwise. In addition and without
limiting the generality of the foregoing, if at any time in connection with or after the payment in full in cash of the First Lien Obligations
and the termination of the loan commitments under the First Lien Loan Agreements, any of the Obligors enters into any Credit Facilities
(as defined in the Indenture) constituting First Priority Claims (whether upon or after termination of the previous First Lien Obligations
and whether with the original lenders, institutional investors 

    	 	19	 

     

    

or otherwise, including through the issuance of debt securities) secured
by all or a portion of the Collateral on a first-priority basis, then (i) no such prior payment in full in cash of the First Lien Obligations
shall be deemed to have occurred for all purposes of this Intercreditor Agreement, the First Lien Credit Agreement and the Second Lien
Documents and (ii) for all purposes of this Intercreditor Agreement, including for purposes of the Lien priority and rights in respect
of the Collateral (or such portion thereof) set forth herein, the credit agreement or other principal document in respect of such new
Credit Facilities (as defined in the Indenture) shall become and be deemed designated the “First Lien Credit Agreement”, (iii)
the administrative agent, trustee or similar representative (or, if no such entity exists, the lender or investor) under such new First
Lien Credit Agreement shall become and be deemed designated the “First Lien Agent”, (iv) the lenders, Cash Management Creditors,
Hedging Creditors and other creditors under such new First Lien Credit Agreement shall become and be deemed designated the “First
Lien Lenders” and (v) the obligations under such new First Lien Credit Agreement and the associated First Lien Loan Agreements shall
automatically be treated as First Lien Obligations.

(b)  
To the extent provided in their respective Agreements, each of the Creditors reserves the right to grant participations in, or
otherwise sell, assign, transfer or negotiate all or any part of, or any interest in, the First Lien Obligations or the Second Lien Obligations,
as the case may be; provided, that, no Creditor shall be obligated to give any notices to or otherwise in any manner deal directly
with any participant in the First Lien Obligations or the Second Lien Obligations, as the case may be, and no participant shall be entitled
to any rights or benefits under this Intercreditor Agreement except through the Creditor with which it is a participant and any sale of
a participation in the First Lien Obligations shall be expressly made subject to the provisions of this Intercreditor Agreement (including,
without limitation, Section 3).

(c)  
This Intercreditor Agreement is the Intercreditor Agreement referred to in the Second Lien Documents and the First Lien Loan Agreements.
If this Intercreditor Agreement or all or any portion of any party’s rights or obligations hereunder are assigned or otherwise transferred
to any other Person or if the First Lien Loan Agreements or the Second Lien Documents are otherwise refinanced or replaced with another
Person, both such other Person and the other existing parties shall execute and deliver an agreement containing terms substantially identical
to those contained in this Intercreditor Agreement.

4.4 
Insolvency. This Intercreditor Agreement shall be applicable both before and after the filing of any petition by or against
Borrower or any other Obligor under any Bankruptcy Law or in any other Insolvency Proceeding and all converted or succeeding cases in
respect thereof, and all references herein to Borrower or any other Obligor shall be deemed to apply to the trustee (or similar Person)
for Borrower or any other Obligor and Borrower or any other Obligor as debtor-in-possession (or any other similar designation). The relative
rights of the First Lien Lenders and the Second Lien Creditors in or to any distributions from or in respect of any Collateral or proceeds
of Collateral, shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order
approving the financing of, or use of cash collateral by, Borrower or any other Obligor as debtor-in-possession (or any other similar
designation). Without limiting the generality of the foregoing, this Intercreditor Agreement is intended to constitute and shall be deemed
to constitute a “subordination agreement” within the meaning of Section 510(a) of the U.S. Bankruptcy Code, or the comparable
provisions of other applicable Bankruptcy Law, 

    	 	20	 

     

    

and is intended to be and shall be interpreted to be enforceable to the maximum extent
permitted pursuant to applicable non-bankruptcy law.

4.5 
Bankruptcy Financing and Other Matters.

(a)  
If Borrower or any other Obligor shall become subject to a case under the U.S. Bankruptcy Code or any other Bankruptcy Law and
if as debtor(s)-in-possession move for approval of financing (a “DIP Financing”) to be provided in good faith by one
or more lenders (the “DIP Lender”) under Section 364 of the U.S. Bankruptcy Code, or the comparable provisions of other
applicable Bankruptcy Law, or the use of cash collateral with the consent of First Lien Agent or the Required Lenders under Section 363
of the U.S. Bankruptcy Code, or the comparable provisions of other applicable Bankruptcy Law, Second Lien Agent and the other Second Lien
Creditors agree that no objection nor any request for adequate protection or any other relief in connection therewith (except as otherwise
permitted below) will be raised by Second Lien Agent or the other Second Lien Creditors to any such financing or use of cash collateral
(nor will Second Lien Agent or any Second Lien Creditor join with or support any third Person opposing, objecting to or contesting any
such financing or use of cash collateral) and, to the extent the Liens securing the First Lien Obligations are subordinated to or pari
passu with such financing, the Liens of Second Lien Agent and the other Second Lien Creditors on the Collateral shall be deemed to be
subordinated without any further action on the part of any Person, to the Liens securing such financing (and all obligations relating
thereto), and the Liens securing the Second Lien Obligations shall have the same priority with respect to the Collateral relative to the
Liens securing the First Lien Obligations as if such financing had not occurred, so long as (i) First Lien Agent or the Required Lenders
do not oppose or object to such use of cash collateral or such financing, (ii) Second Lien Agent and the other Second Lien Creditors retain
(solely as adequate protection (or its equivalent) for the interests of the Second Lien Creditors) a Lien on the Collateral (including
proceeds thereof arising after the commencement of such proceeding) which will be subordinated to the Liens securing such financing (and
all obligations relating thereto), and such Lien shall have the same priority with respect to the Collateral relative to the Liens securing
the First Lien Obligations as if such financing had not occurred, (iii) if First Lien Agent and the other First Lien Lenders receive a
replacement Lien on post-petition assets of any Obligor, Second Lien Agent and the other Second Lien Creditors may request a replacement
Lien on the same post-petition assets which will be subordinated to the Liens securing such financing (and all obligations relating thereto),
and such Lien shall have the same priority with respect to the Collateral relative to the Liens securing the First Lien Obligations as
if such financing had not occurred, (iv) the aggregate principal amount of loans and letter of credit accommodations, Hedging Obligations
and Banking Services Obligations outstanding under such post-petition financing, together with the aggregate principal amount of the pre-petition
First Lien Obligations, shall not exceed an amount equal to the Maximum First Lien Obligations, and (v) Second Lien Agent and the other
Second Lien Creditors may oppose or object to such use of cash collateral or such financing on the same basis as an unsecured creditor,
so long as such opposition or objection is not based on Second Lien Agent and the other Second Lien Creditors’ status as secured
creditors and Second Lien Agent and the other Second Lien Creditors have acknowledged such unsecured status and that a portion of their
Second Lien Obligations claim is unsecured.

(b)  
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that, in the event of any Insolvency Proceeding,
neither Second Lien Agent nor the other Second Lien 

    	 	21	 

     

    

Creditors will oppose or object to any sale or other disposition of any Collateral
free and clear of the Liens securing the Second Lien Obligations or other claims under Section 363 of the U.S. Bankruptcy Code, or the
comparable provisions of other applicable Bankruptcy Law, if the First Lien Lenders (or the requisite percentage thereof), or a representative
authorized by the First Lien Lenders, shall consent to such disposition; provided, however, that the proceeds of such disposition
to be applied to the First Lien Obligations or the Second Lien Obligations are applied in accordance with the Order of Payment and Second
Lien Agent, on behalf of itself and the other Second Lien Creditors, may raise any objections to any such disposition of Collateral that
could be raised by any creditor of Borrower or any other Obligor whose claims were not secured by any Liens on the Collateral and such
objections are not based on the Second Lien Creditors’ status as secured creditors, and Second Lien Agent and the other Second Lien
Creditors have acknowledged that such objections are not being made by them as secured creditors and that a portion of their Second Lien
Obligations claim is unsecured.

(c)  
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that no Second Lien Creditor shall contest,
or support any other person in contesting, (i) any request by First Lien Agent or any other First Lien Lender for adequate protection
or (ii) any objection, based on a claim of a lack of adequate protection, by First Lien Agent or any other First Lien Lender to any motion,
relief, action or proceeding. Notwithstanding the immediately preceding sentence, if, in connection with any DIP Financing or use of cash
collateral, (A) any First Lien Lender is granted adequate protection in the form of a Lien on additional collateral, Second Lien Agent
may, for itself and on behalf of the other Second Lien Creditors, seek or request adequate protection in the form of a Lien on such additional
collateral, which Lien will be subordinated to the Liens of First Lien Agent and the First Lien Lenders and Liens of the DIP Lender on
the same basis as the other Liens of Second Lien Agent and the other Second Lien Creditors are subordinated to the Liens of First Lien
Agent and the First Lien Lenders under this Intercreditor Agreement, (B) any First Lien Lender is granted adequate protection in the form
of a 507(b) claim, Second Lien Agent may, for itself and on behalf of the other Second Lien Creditors, seek or request adequate protection
in the form of a 507(b) claim that is junior in priority to the First Lien Lenders’ administrative claim on at least the same basis
as the Liens of Second Lien Agent and the other Second Lien Creditors are subordinated to the Liens of First Lien Agent and the First
Lien Lenders under this Intercreditor Agreement, or (C) any Second Lien Creditor is granted adequate protection in the form of a Lien
on additional collateral, First Lien Agent shall, for itself and on behalf of the other First Lien Lenders, be granted adequate protection
in the form of a Lien on such additional collateral that is senior to such Lien of the Second Lien Creditors as security for the First
Lien Obligations.

(d)  
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that until the First Lien Obligations have
been paid in full in cash, no Second Lien Creditor shall, without the prior written consent of First Lien Agent, seek or request relief
from or modification of the automatic stay or any other stay in any Insolvency Proceeding in respect of any part of the Collateral, any
proceeds thereof or any Lien of the Second Lien Creditors.

(e)  
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that no Second Lien Creditor shall oppose
or seek to challenge any claim by First Lien Agent or any other First Lien Lender for allowance in any Insolvency Proceeding of First
Lien Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Liens of the First Lien Lenders
(it being understood and agreed that such value shall be determined without regard to the 

    	 	22	 

     

    

existence of the Liens of the Second Lien Creditors
on the Collateral). Regardless of whether any such claim for post-petition interest, fees or expenses is allowed or allowable, and without
limiting the generality of the other provisions of this Intercreditor Agreement, this Intercreditor Agreement expressly is intended to
include and does include the “rule of explicitness” in that this Intercreditor Agreement expressly entitles the First Lien
Lenders, and is intended to provide the First Lien Lenders with the right, to receive payment of all post-petition interest, fees or expenses
through distributions made pursuant to the provisions of this Intercreditor Agreement even though such interest, fees and expenses are
not allowed or allowable against the bankruptcy estate of Borrower or any other Obligor under Section 502(b)(2) or Section 506(b) of the
U.S. Bankruptcy Code or under any other provision of the U.S. Bankruptcy Code or the comparable provisions of other applicable Bankruptcy
Law.

(f)   
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, waives any claim any Second Lien Creditor may hereafter
have against any First Lien Lender arising out of (i) the election by any First Lien Lender of the application of Section 1111(b)(2) of
the U.S. Bankruptcy Code or the comparable provisions of other applicable Bankruptcy Law, or (ii) any use of cash collateral or financing
arrangement, or any grant of a security interest in the Collateral, in any Insolvency Proceeding so long as such action is otherwise permitted
under this Intercreditor Agreement.

(g)  
Each of First Lien Agent, on behalf of the First Lien Lenders, and Second Lien Agent, on behalf of the Second Lien Creditors, agrees
that, without the written consent of the other, it will not seek to vote with the other as a single class in connection with any plan
of reorganization in any Insolvency Proceeding

(h)  
Nothing contained herein shall prohibit or in any way limit First Lien Agent or any First Lien Lender from objecting on any basis
in any Insolvency Proceeding or otherwise to any action taken by Second Lien Agent or any other Second Lien Creditor, including the seeking
by Second Lien Agent or any other Second Lien Creditor of adequate protection or the assertion by Second Lien Agent or any other Second
Lien Creditors of any of its rights and remedies under the Second Lien Documents or otherwise, except to the extent explicitly permitted
hereunder.

(i)   
If, in any Insolvency Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized
debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of First Lien Obligations
and on account of Second Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations
and on account of the Second Lien Obligations are secured by Liens upon the same property, the provisions of this Intercreditor Agreement
will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such
debt obligations.

(j)   
If First Lien Agent or any First Lien Lender is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay
to the estate of Borrower or any other Obligor any amount (a “Recovery”), then the First Lien Obligations shall be
reinstated to the extent of such Recovery and First Lien Agent and the First Lien Lenders shall be entitled to a reinstatement of First
Lien Obligations with respect to all such recovered amounts. If this Intercreditor Agreement shall have been terminated prior to such
Recovery, this Intercreditor Agreement shall be reinstated in full 

    	 	23	 

     

    

force and effect, and such prior termination shall not diminish, release,
discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Any amounts received by Second
Lien Agent or any Second Lien Creditor on account of the Second Lien Obligations after the termination of this Intercreditor Agreement
shall, in the event of a reinstatement of this Intercreditor Agreement pursuant to this clause (j), be held in trust for and paid over
to First Lien Agent for the benefit of the First Lien Lenders, for application to the reinstated First Lien Obligations. This clause (j)
shall survive termination of this Intercreditor Agreement.

4.6 
Pari Passu Payment Lien Obligations. As a condition to the Issuer or any other Obligor incurring any Pari Passu Indebtedness,
(i) a supplement to the Intercreditor Agreement substantially in the form of Annex A hereto (a “Supplement”)
pursuant to this Section 4.6, identifying the proposed Pari Passu Indebtedness, the agent or other representative, if any, and
the lenders or holders providing such Pari Passu Indebtedness and the documents in connection with such Indebtedness, shall be executed
and delivered to each of the First Lien Agent and the Second Lien Agent and (ii) an authorized representative of the lenders or holders
of such proposed Pari Passu Indebtedness shall enter into an Accession Agreement, pursuant to which such authorized representative shall
agree to be bound by the terms and conditions of this Intercreditor Agreement and the Second Lien Documents.

4.7 
Bailee for Perfection. Each Creditor hereby appoints the other Creditor as agent for the purposes of perfecting the other
Creditor’s Liens in and on any of the Collateral in the possession or under the control of such Creditor or its representatives,
including, without limitation, Liens on Borrower’s and the other Obligors’ deposit accounts maintained by First Lien Agent
and investment property and instruments in the possession or under the control of the First Lien Agent; provided, that, the Creditor
in the possession or control of any Collateral shall not have any duty or liability to protect or preserve any rights pertaining to any
of the Collateral and, except for gross negligence or willful misconduct as determined pursuant to a final non-appealable order of a court
of competent jurisdiction, the non-possessing or non-controlling Creditor hereby waives and releases the other Creditor from, all claims
and liabilities arising pursuant to the possessing or controlling Creditor’s role as bailee with respect to the Collateral, so long
as the possessing or controlling Creditor shall use the same degree of care with respect thereto as the possessing or controlling Creditor
uses for similar property pledged to the possessing or controlling Creditor as collateral for indebtedness of others to the possessing
or controlling Creditor. Prior to the date on which First Lien Agent and the First Lien Lenders shall have received final payment in full
in cash of all of the First Lien Obligations and the First Lien Loan Agreements have been terminated, any Collateral in the possession
or under the control of Second Lien Agent or the Second Lien Creditor shall be forthwith delivered to First Lien Agent, except as otherwise
may be required by applicable law or court order. After First Lien Agent and the First Lien Lenders shall have received final payment
in full in cash of all of the First Lien Obligations and the loan commitments under the First Lien Loan Agreements have been terminated,
First Lien Agent shall deliver (i) the remainder of the Collateral, if any in their possession to Second Lien Agent, except as may otherwise
be required by applicable law or court order and (ii) a written notice prepared by Second Lien Agent (at Issuer’s expense) to each
landlord that has executed a landlord’s waiver and each bailee that has executed a bailee waiver stating that Second Lien Agent
is entitled to exercise the rights and take the actions set forth in such landlord’s waiver or bailee waiver.

    	 	24	 

     

    

4.8 
Notices. All notices, requests and demands to or upon the respective parties hereto shall be in writing and shall be deemed
duly given, made or received: if delivered in person, immediately upon delivery; if by telex, telegram or facsimile transmission, immediately
upon sending and upon confirmation of receipt; if by nationally recognized overnight courier service with instructions to deliver the
next business day, one (1) business day after sending; and if mailed by certified mail, return receipt requested five (5) days after mailing
to the parties at their addresses set forth below (or to such other addresses as the parties may designate in accordance with the provisions
of this Section):

	 	
    To First Lien Agent or

    the First Lien Lenders:

     
	
    Bay Coast Bank

    330 Swansea Mall Drive

    Swansea, MA 02777

    Telephone: (508) 675-4377

    Facsimile: (508) 675-4470

    Attention: Carl W. Taber

    

     

    with a copy (for informational purposes only) to:

     

    Goodwin Procter LLP

    100 Northern Avenue

    Boston, MA 02210

    Telephone: (617) 570-1480

    Facsimile: (617) 801-8829

    Attention: E. Matson Sibble, Esq

    

    and

	 	
    To Second Lien Agent or

    the other Second Lien Creditors:
	
    TMT Trust Company

    1100 Abernathy Road NE, Suite 480

    Atlanta, Georgia 30328

    Attention: Kathy Knapp, Vice President Facsimile No.: (678) 221-5917

    Telephone No.: (678) 221-5917

 

Either of the above Creditors may change the
address(es) to which all notices, requests and other communications are to be sent by giving written notice of such address change to
the other Creditor in conformity with this Section 4.8, but such change shall not be effective until notice of such change has
been received by the other Creditor.

4.9 
Counterparts. This Intercreditor Agreement may be executed in any number of counterparts, each of which shall be an original
with the same force and effect as if the signatures thereto and hereto were upon the same instrument.

    	 	25	 

     

    

4.10        
Governing Law. The validity, construction and effect of this Intercreditor Agreement shall be governed by the internal laws
of the State of New York (without giving effect to principles of conflicts of law).

4.11        
Consent to Jurisdiction; Waiver of Jury Trial. EACH PARTY HERETO HEREBY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY U.S.
FEDERAL OR NEW YORK STATE COURT SITTING IN THE STATE OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE PURPOSES OF ALL LEGAL PROCEEDINGS ARISING
OUT OF OR RELATING TO THIS INTERCREDITOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH
PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM. EACH CREDITOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS INTERCREDITOR
AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS INTERCREDITOR
AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.

4.12        
Complete Agreement. This written Intercreditor Agreement is intended by the parties as a final expression of their agreement
and is intended as a complete statement of the terms and conditions of their agreement with respect to the subject matter hereof.

4.13        
No Third Parties Benefited. Except as expressly provided in Sections 4.2 and 4.3 hereof and consents which
are deemed to have been given under Section 2.9 hereof, this Intercreditor Agreement is solely for the benefit of the Creditors
and their respective successors, participants and assigns, and no other person shall have any right, benefit, priority or interest under,
or because of the existence of, this Intercreditor Agreement.

4.14        
Disclosures; Non-Reliance. Each Creditor (other than the Second Lien Agent) has the means to, and shall in the future remain,
fully informed as to the financial condition and other affairs of Borrower and the other Obligors and no Creditor shall have any obligation
or duty to disclose any such information to any other Creditor. Except as expressly set forth in this Intercreditor Agreement, the parties
hereto have not otherwise made to each other nor do they hereby make to each other any warranties, express or implied, nor do they assume
any liability to each other with respect to: (a) the enforceability, validity, value or collectability of any of the Second Lien Obligations
or the First Lien Obligations or any guarantee or security which may have been granted to any of them in connection therewith, (b) Borrower’s
or any other Obligors’ title to or right to transfer any of the Collateral, or (c) any other matter except as expressly set forth
in this Intercreditor Agreement.

4.15        
Term. This Intercreditor Agreement is a continuing agreement and shall remain in full force and effect until the satisfaction
in full of all First Lien Obligations and Second Lien Obligations and the termination of the financing arrangements between First Lien
Agent, the First Lien Lenders, Second Lien Agent, the other Second Lien Creditors, Borrower and the other 

    	 	26	 

     

    

Obligors. Notwithstanding the
foregoing if, in any Insolvency Proceeding or otherwise, all or part of any payment with respect to the First Lien Obligations previously
made shall be rescinded for any reason whatsoever, then the First Lien Obligations shall be reinstated to the extent of the amount so
rescinded and, if theretofore terminated, this Intercreditor Agreement shall be reinstated in full force and effect and such prior termination
shall not diminish, release, discharge, impair or otherwise affect the Lien priorities and the relative rights and obligations of the
First Lien Lenders and the Second Lien Creditors provided for herein.

4.16        
Lien Subordination. Except as otherwise provided in this Intercreditor Agreement, nothing in this Intercreditor Agreement
shall prohibit the receipt by Second Lien Agent or any other Second Lien Creditor of the required payments of principal, premium, interest,
fees and other amounts due under the Second Lien Documents so long as such receipt is not the direct or indirect result of the enforcement
or exercise by Second Lien Agent or any other Second Lien Creditor of rights or remedies as a secured creditor or enforcement in contravention
of this Intercreditor Agreement. In the event Second Lien Agent or any other Second Lien Creditor becomes a judgment lien creditor in
respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subordinated
to the Liens securing First Lien Obligations on the same basis as the other Liens securing the Second Lien Obligations are so subordinated
to such First Lien Obligations under this Intercreditor Agreement. Nothing in this Intercreditor Agreement impairs or otherwise adversely
affects any rights or remedies First Lien Agent or the other First Lien Lenders may have with respect to the Collateral.

4.17        
Legend. Each of First Lien Agent on behalf of the First Lien Lenders and Second Lien Agent on behalf of the Second Lien
Creditors agrees that each First Lien Loan Agreement and each Second Lien Document, as applicable, constituting a collateral or security
document, shall include the following language (or language to similar effect approved by both First Lien Agent and Second Lien Agent):

“Notwithstanding anything herein to
the contrary, the lien and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are
subject to the provisions of the Intercreditor Agreement dated as of July 30, 2021 (as amended, restated, supplemented or otherwise modified
from time to time, the “Intercreditor Agreement”), among Bay Coast Bank, in its capacity as agent for, and acting on
behalf of, the First Lien Lenders identified therein and TMI Trust Company, in its capacity as collateral agent for, and acting on behalf
of, itself and the other Second Lien Creditors identified therein, at any time that the Intercreditor Agreement is in effect. In the event
of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern
and control at any time the Intercreditor Agreement is in effect.”

4.18        
Rights as Unsecured Creditors. Notwithstanding anything to the contrary contained herein, the Second Lien Creditors may,
in accordance with the Second Lien Documents and applicable law, enforce rights and exercise remedies against Borrower and any other Obligor
as unsecured creditors unless any such action is otherwise expressly or impliedly inconsistent with the terms of this Intercreditor Agreement.
Notwithstanding the foregoing, nothing herein shall prevent any Second Lien Creditor from raising any objection to any sale pursuant to
Section 363 of the Bankruptcy Code which could be raised solely by, or on behalf of, an unsecured creditor as 

    	 	27	 

     

    

permitted by Section
4.5(b) hereof, it being understood that the Second Lien Creditors agree that they will be deemed to have consented, pursuant to Section
363 (f)(2) of the Bankruptcy Code, to any sale supported by any of the First Lien Lenders, and no Second Lien Creditor shall raise any
objection pursuant to Section 363 (f)(3) of the Bankruptcy Code to any such sale.

4.19        
Conflicts. In the event of any conflict between the provisions of this Intercreditor Agreement and the provisions of any
Second Lien Document or any First Lien Loan Agreement, the provisions of this Intercreditor Agreement shall govern. With respect to Second
Lien Agent and the other Second Lien Creditors and the obligations of Second Lien Agent under the Second Lien Documents only, in the event
of a conflict between this Intercreditor Agreement and the Second Lien Documents, the terms of the applicable Second Lien Documents shall
govern and control.

[signature pages follow]

    	 	28	 

     

    

IN WITNESS WHEREOF, the parties have caused this
Intercreditor Agreement to be duly executed as of the day and year first above written.

	 	FIRST LIEN AGENT:

         

	 	BAY COAST BANK,

For itself as First Lien Agent and as Collateral Agent for

the
First Lien Lenders

 

  

	 	By:	/s/ Carl W. Taber 
	 	 	Name: Carl W. Taber
	 	 	Title: Executive Vice President

  

 

	 	SECOND LIEN AGENT:

       

	 	TMI TRUST COMPANY, as Collateral Agent under the

                         Indenture, for itself and the other Second Lien Creditors

 

 

	 	By:	/s/ Debra Schachel
	 	 	Name: Debra Schachel
	 	 	Title: Vice President

 

 

    	 		 

     

    

Each of the undersigned hereby acknowledges
and agrees to the foregoing terms and provisions. By its signature below, each of the undersigned agrees that it will, together with its
successors and assigns, be bound by the provisions hereof.

Each of the undersigned agrees that any Creditor
holding or otherwise controlling Collateral (the “Controlling Creditor”) does so as bailee (under the UCC) for and on behalf
of the other Creditors which have a Lien on such Collateral, and each Controlling Creditor is hereby authorized to and may turn over to
Second Lien Agent (if First Lien Agent or any First Lien Lender is the Controlling Creditor) or to First Lien Agent (if Second Lien Agent
or any Second Lien Creditor is the Controlling Creditor) any such Collateral upon request therefore, after all obligations and indebtedness
of the undersigned to such Controlling Creditor shall have been fully paid and performed.

Each of the undersigned acknowledges and agrees
that (i) although it may sign this Intercreditor Agreement it is not a party hereto and does not and will not receive any right, benefit,
priority or interest under or because of the existence of the foregoing Intercreditor Agreement (except for a consent which is deemed
to have been given by the Second Lien Creditors under Section 2.9), and (ii) it will execute and deliver such additional documents
and take such additional action as may be necessary or desirable in the reasonable opinion of any of the Creditors to effectuate the provisions
and purposes of the foregoing Intercreditor Agreement.

	 	CURO GROUP HOLDINGS CORP.

A SPEEDY CASH CAR TITLE LOANS, LLC

AD ASTRA RECOVERY SERVICES, INC.

ADVANCE GROUP, INC.

ATTAIN FINANCE, LLC

AVIO CREDIT, INC.

CASH COLORADO, LLC

CONCORD FINANCE, INC.

CURO COLLATERAL SUB, LLC

CURO CREDIT, LLC

CURO FINANCIAL TECHNOLOGIES CORP.

CURO INTERMEDIATE HOLDINGS CORP.

CURO MANAGEMENT LLC

ENNOBLE FINANCE, LLC

EVERGREEN FINANCIAL INVESTMENTS, INC.

FMMR INVESTMENTS, INC.

GALT VENTURES, LLC

PRINCIPAL INVESTMENTS, INC.

SC AURUM, LLC

SC TEXAS MB, INC.

SCIL, INC.

SCIL TEXAS, LLC

SPEEDY CASH

SPEEDY CASH ILLINOIS, INC.

THE MONEY STORE, L.P.

TODD CAR TITLE, INC.

TODD FINANCIAL, INC.

 

 

	 	By:	/s/ Donald F. Gayhardt Jr. 
	 	 	Name: Donald F. Gayhardt Jr. 
	 	 	Title: Chief Executive Officer and President

    	 		 

     

    

ANNEX A

FORM OF SUPPLEMENT TO THE INTERCREDITOR AGREEMENT

This SUPPLEMENT TO THE INTERCREDITOR
AGREEMENT (this “Supplement”) is made on  ___, 20___ by and among: (i) CURO Group Holdings Corp.
(the “Issuer”), (ii) [___________] (the “Obligors”) and (iii) [__________] (the “Pari
Passu Lender(s)”).

Reference is hereby made
to that certain Intercreditor Agreement, dated as of July 30, 2021 (the “Intercreditor Agreement”) between (i) Bay
Coast Bank, in its capacity as agent for the benefit of the holders from time to time of the First Lien Obligations, including its successors
and assigns from time to time (in such capacity, the “First Lien Agent”) and (ii) TMI Trust Company, in its capacity
as collateral agent for the benefit of holders from time to time of the Indenture Obligations and the Pari Passu Payment Lien Obligations,
including its successors and assigns from time to time (in such capacity, the “Second Lien Agent”).

WITNESSETH

WHEREAS, the Issuer and the Obligors have acknowledged
and agreed to be bound by the terms and provisions of the Intercreditor Agreement; and

WHEREAS, the Issuer and the Obligors have entered
into the Pari Passu Payment Lien Documents and it is a condition under the terms of the Intercreditor Agreement to the incurrence of New
Indebtedness identified below that this Supplement be executed and delivered to the First Lien Agent and the Second Lien Agent.

NOW, THEREFORE, in consideration
of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the sufficiency
and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

SECTION 1. Definitions.
All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Intercreditor Agreement.
As used in this Agreement, the following terms shall have the following definitions:

“Accession Agreement”
means the Accession Agreement, dated the date hereof, a copy of which is attached hereto as Exhibit B.

“Agent”
means any Person acting as agent on behalf of the Pari Passu Lender(s).

“Borrowing Date”
means the date on which the Pari Passu Payment Lien Documents are executed and delivered.

“New Indebtedness”
means any principal and interest payable to the Pari Passu Lenders under the Pari Passu Payment Lien Documents and any other obligations
arising under Pari Passu Payment Lien Documents.

    	 		 

     

    

“Pari Passu Payment
Lien Documents” means the [______________], dated as of [_________] and any other documents executed and delivered in connection
therewith.

SECTION 2. Supplement.
This Supplement is supplemental to the Intercreditor Agreement and is the supplement to be delivered pursuant to Section 4.6 of
the Intercreditor Agreement in connection with the New Indebtedness. The Pari Passu Lender(s) hereby agree(s) to the terms of the Intercreditor
Agreement as if they were a party thereto.

SECTION 3. Pari Passu
Indebtedness. The Issuer hereby confirms that the Pari Passu Lender(s), the First Lien Agent, the Second Lien Agent and any other
Second Lien Creditors may conclusively rely on the representations set forth in the officer’s certificate attached hereto as Exhibit
A certifying that the New Indebtedness complies with the requirements of the definition of “Pari Passu Indebtedness” under
the Intercreditor Agreement. Each of the Issuer and the Obligors hereby confirm that following the execution and delivery of the Accession
Agreement by all the parties thereto, the New Indebtedness identified in this Supplement shall constitute “Pari Passu Indebtedness”
under the Intercreditor Agreement.

SECTION 4. Effectiveness;
Ratification. This Supplement shall become effective upon the later of (a) the receipt of this Agreement by the First Lien Agent and
the Second Lien Agent and (b) the Borrowing Date, and from and after the date hereof, the Pari Passu Lenders and the Agent shall constitute
“Pari Passu Indebtedness Secured Parties” and “Second Lien Creditors” under the Intercreditor Agreement.

Any and all references to
the “Intercreditor Agreement” in the First Lien Loan Agreements and the Second Lien Documents shall mean the Intercreditor
Agreement, as supplemented hereby. Except as supplemented by this Supplement, the Intercreditor Agreement remains unmodified and in full
force and effect and is hereby ratified, approved and confirmed as of the date hereof.

SECTION 5. Appointment
of Collateral Agent. The Pari Passu Lender(s), by [its/their] execution and delivery hereof, authorize(s) and appoint(s) TMI Trust
Company as the Second Lien Agent, and direct(s) the Second Lien Agent to enter into the Intercreditor Agreement and to perform its obligations
and exercise its rights thereunder in accordance therewith.

SECTION 6. Governing Law.
This Supplement shall in all respects be governed by the law of the State of New York.

SECTION 7. Third Party
Beneficiary. The First Lien Lenders, the Notes Secured Parties and the other Second Lien Creditors are intended third party beneficiaries
of this Supplement.

SECTION 8. Disclaimer.
The First Lien Agent shall not be responsible for the validity or sufficiency of this Supplement nor of the recitals hereto. The Second
Lien Agent shall not be responsible for the validity or sufficiency of this Supplement nor of the recitals hereto.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

    	 		 

     

    

IN WITNESS WHEREOF, the parties
hereto have executed this Supplement as of the date first written above.

	 	CURO GROUP HOLDINGS CORP.,

                         as Issuer

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	 	 	,
	 	 	as Obligor	 

 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	 	 	,
	 	 	as Pari Passu Lender	 

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 		 

     

    

Acknowledged and Agreed: 

FIRST LIEN AGENT:

BAY COAST BANK,

as First Lien Agent

	By:	 
	 	Name:
	 	Title:
	 	Date:

 

SECOND LIEN AGENT:

TMI TRUST COMPANY,

as Second Lien Agent

	By:	 
	 	Name:
	 	Title:
	 	Date:EXHIBIT
4.11

 

NEITHER
THIS SECURITY NOR THE SECURITIES AS TO WHICH THIS SECURITY MAY BE EXERCISED HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT (FIRST WARRANT)

 

DATA443
RISK MITIGATION, INC.

 

Warrant
Shares: 62,667

Date
of Issuance: July 27, 2021 (“Issuance Date”)

 

This
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with the issuance
of the senior secured promissory note in the principal amount of $282,000.00 to the Holder (as defined below) of even date) (the “Note”),
Auctus Fund, LLC, a Delaware limited liability company (including any permitted and registered assigns, the “Holder”),
is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after
the date of issuance hereof, to purchase from DATA443 RISK MITIGATION, INC., a Nevada corporation (the “Company”),
62,667 shares of Common Stock (the “Warrant Shares”) (whereby such number may be adjusted from time to time pursuant
to the terms and conditions of this Warrant) at the Exercise Price per share then in effect. This Warrant is issued by the Company as
of the date hereof in connection with that certain securities purchase agreement dated July 27, 2021, by and among the Company and the
Holder (the “Purchase Agreement”). For the avoidance of doubt, this Warrant is referred to in the Purchase Agreement
as the “First Warrant”.

 

Capitalized
terms used in this Warrant shall have the meanings set forth in the Purchase Agreement unless otherwise defined in the body of this Warrant
or in Section 12 below. For purposes of this Warrant, the term “Exercise Price” shall mean $4.50, subject to adjustment as
provided herein (including but not limited to cashless exercise), and the term “Exercise Period” shall mean the period commencing
on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

 

1.
EXERCISE OF WARRANT.

 

(a)
Mechanics of Exercise. Subject to the terms and conditions hereof, the rights represented by this Warrant may be exercised in
whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto as Exhibit
A (the “Exercise Notice”), of the Holder’s election to exercise this Warrant. The Holder shall not be required
to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant resulting in purchases of
a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant
Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. On or before the second Trading
Day (the “Warrant Share Delivery Date”) following the date on which the Holder sent the Exercise Notice to the Company
or the Company’s transfer agent, and upon receipt by the Company of payment to the Company of an amount equal to the applicable
Exercise Price multiplied by the number of Warrant Shares as to which all or a portion of this Warrant is being exercised (the “Aggregate
Exercise Price” and together with the Exercise Notice, the “Exercise Delivery Documents”) in cash or by
wire transfer of immediately available funds (or by cashless exercise, in which case there shall be no Aggregate Exercise Price provided),
the Company shall (or direct its transfer agent to) issue and dispatch by overnight courier to the address as specified in the Exercise
Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of
shares of Common Stock to which the Holder is entitled pursuant to such exercise (or deliver such shares of Common Stock in electronic
format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes
to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the
date of delivery of the certificates evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and
the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired
upon an exercise, then the Company shall as soon as practicable and in no event later than three business days after any exercise and
at its own expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the number of Warrant Shares
purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant
is exercised.

 

    	1

    	 

    

 

If
the Company fails to cause its transfer agent to transmit to the Holder the respective shares of Common Stock by the respective Warrant
Share Delivery Date, then the Holder will have the right to rescind such exercise in Holder’s sole discretion in addition to all
other rights and remedies at law, under this Warrant, or otherwise, and such failure shall also be deemed an event of default under the
Note, a material breach under this Warrant, and a material breach under the Purchase Agreement.

 

If
the Market Price of one share of Common Stock is greater than the Exercise Price, then, unless there is an effective non-stale registration
statement of the Company covering the Holder’s immediate resale of the Warrant Shares at prevailing market prices (and not fixed
prices) without any limitation, the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash exercise,
equal to the value of this Warrant determined in the manner described below (or of any portion thereof remaining unexercised) by surrender
of this Warrant and a Notice of Exercise, in which event the Company shall issue to Holder a number of Common Stock computed using the
following formula:

 

X
= Y (A-B)

 

A

 

	 	Where
    	X
    = 	the
    number of Shares to be issued to Holder.
	 	 	 	 
	 	 	Y
    = 	the
    number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation).
	 	 	 	 
	 	 	A
    = 	the
    Market Price (at the date of such calculation).
	 	 	 	 
	 	 	B
    = 	Exercise
    Price (as adjusted to the date of such calculation).

 

(b)
No Fractional Shares. No fractional shares shall be issued upon the exercise of this Warrant as a consequence of any adjustment
pursuant hereto. All Warrant Shares (including fractions) issuable upon exercise of this Warrant may be aggregated for purposes of determining
whether the exercise would result in the issuance of any fractional share. If, after aggregation, the exercise would result in the issuance
of a fractional share, the Company shall, in lieu of issuance of any fractional share, pay the Holder otherwise entitled to such fraction
a sum in cash equal to the product resulting from multiplying the then-current fair market value of a Warrant Share by such fraction.

 

    	2

    	 

    

 

(c)
Holder’s Exercise Limitations. Notwithstanding anything to the contrary contained herein, the Company shall not effect any
exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 1 or otherwise,
to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder
(together with the Holder’s affiliates (the “Affiliates”), and any other Persons acting as a group together with the
Holder or any of the Holder’s Affiliates (such Persons, “Attribution Parties”)), would beneficially own in excess of
the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock
beneficially owned by the Holder and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of
this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would
be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates
or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company
(including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the
limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in
the preceding sentence, for purposes of this Section 1(c), beneficial ownership shall be calculated in accordance with Section 13(d)
of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Holder is solely
responsible for any schedules required to be filed in accordance therewith. In addition, a determination as to any group status as contemplated
above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.
For purposes of this Section 1(c), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of
outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed with the Commission,
as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Company’s
transfer agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company
shall within two Trading Days confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any
case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities
of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number
of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of
shares of the Common Stock outstanding at the time of the respective calculation hereunder. The limitations contained in this paragraph
shall apply to a successor holder of this Warrant.

 

(d)
Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to
the Holder, if the Company fails to cause the Company’s transfer agent to transmit to the Holder the Warrant Shares in accordance
with the provisions of this Warrant (including but not limited to Section 1(a) above pursuant to an exercise on or before the respective
Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or
otherwise) or the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the
Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall
(A) pay in cash to the Holder, within one (1) business day of Holder’s request, the amount, if any, by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the product of
(1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times
(2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either
reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such
exercise shall be deemed rescinded) or deliver to the Holder within one (1) business day of Holder’s request the number of shares
of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For
example, if the Holder purchases, or effectuates a cashless exercise hereunder for, Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase
obligation of $10,000, under clause (A) of the immediately preceding sentence, the Company shall be required to pay the Holder $1,000.
The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request
of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available
to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect
to the Company’s failure to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms
hereof.

 

    	3

    	 

    

 

2.
ADJUSTMENTS. The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

 

(a)
Distribution of Assets. If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire
its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including without limitation any distribution
of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement or
other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such
case:

 

(i)
any Exercise Price in effect immediately prior to the close of business on the record date fixed for the determination of holders of
shares of Common Stock entitled to receive the Distribution shall be reduced, effective as of the close of business on such record date,
to a price determined by multiplying such Exercise Price by a fraction (i) the numerator of which shall be the Closing Sale Price of
the shares of Common Stock on the Trading Day immediately preceding such record date minus the value of the Distribution (as determined
in good faith by the Company’s Board of Directors) applicable to one share of Common Stock, and (ii) the denominator of which shall
be the Closing Sale Price of the shares of Common Stock on the Trading Day immediately preceding such record date; and

 

(ii)
the number of Warrant Shares shall be increased to a number of shares equal to the number of shares of Common Stock obtainable immediately
prior to the close of business on the record date fixed for the determination of holders of shares of Common Stock entitled to receive
the Distribution multiplied by the reciprocal of the fraction set forth in the immediately preceding clause (i); provided, however, that
in the event that the Distribution is of shares of common stock of a company (other than the Company) whose common stock is traded on
a national securities exchange or a national automated quotation system (“Other Shares of Common Stock”), then the
Holder may elect to receive a warrant to purchase Other Shares of Common Stock in lieu of an increase in the number of Warrant Shares,
the terms of which shall be identical to those of this Warrant, except that such warrant shall be exercisable into the number of shares
of Other Shares of Common Stock that would have been payable to the Holder pursuant to the Distribution had the Holder exercised this
Warrant immediately prior to such record date and with an aggregate exercise price equal to the product of the amount by which the exercise
price of this Warrant was decreased with respect to the Distribution pursuant to the terms of the immediately preceding clause (i) and
the number of Warrant Shares calculated in accordance with the first part of this clause (ii).

 

    	4

    	 

    

 

(b)
Anti-Dilution Adjustments to Exercise Price. If the Company or any Subsidiary thereof, as applicable, at any time while this Warrant
is outstanding, shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or
announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock or securities (including but not limited
to Common Stock Equivalents) entitling any person or entity (for purposes of clarification, including but not limited to the Holder pursuant
to (i) any other security of the Company currently held by Holder, (ii) any other security of the Company issued to Holder on or after
the Issuance Date, or (iii) any other agreement entered into between the Company and Holder) to acquire shares of Common Stock (upon
conversion, exercise or otherwise), at an effective price per share less than the then Exercise Price (such lower price, the “Base
Share Price” and such issuances collectively, a “Dilutive Issuance”) (if the holder of the Common Stock or Common Stock
Equivalents so issued shall at any time, whether by operation of purchase price adjustments, elimination of an applicable floor price
for any reason in the future (including but not limited to the passage of time or satisfaction of certain condition(s)), reset provisions,
floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection
with such issuance, be entitled or potentially entitled to receive shares of Common Stock at an effective price per share which is less
than the Exercise Price at any time while such Common Stock or Common Stock Equivalents are in existence, such issuance shall be deemed
to have occurred for less than the Exercise Price on such date of the Dilutive Issuance (regardless of whether the Common Stock or Common
Stock Equivalents are (i) subsequently redeemed or retired by the Company after the date of the Dilutive Issuance or (ii) actually converted
or exercised at such Base Share Price), then the Exercise Price shall be reduced at the option of the Holder and only reduced to equal
the Base Share Price, and the number of Warrant Shares issuable hereunder shall be increased such that the aggregate Exercise Price payable
hereunder, after taking into account the decrease in the Exercise Price, shall be equal to the aggregate Exercise Price prior to such
adjustment (for the avoidance of doubt, the aggregate Exercise Price prior to such adjustment is calculated as follows: the total number
of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment (without regard to the Beneficial Ownership
Limitation) multiplied by the Exercise Price in effect immediately prior to such adjustment). By way of example, if E is the total number
of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment (without regard to the Beneficial Ownership
Limitation), F is the Exercise Price in effect immediately prior to such adjustment, and G is the Base Share Price, the adjustment to
the number of Warrant Shares can be expressed in the following formula: Total number of Warrant Shares after such Dilutive Issuance =
the number obtained from dividing [E x F] by G. Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents
are issued, regardless of whether the Common Stock or Common Stock Equivalents are (i) subsequently redeemed or retired by the Company
after the date of the Dilutive Issuance or (ii) actually converted or exercised at such Base Share Price by the holder thereof (for the
avoidance of doubt, the Holder may utilize the Base Share Price even if the Company did not actually issue shares of its common stock
at the Base Share Price under the respective Common stock Equivalents). The Company shall notify the Holder in writing, no later than
the Trading Day following the issuance of any Common Stock or Common Stock Equivalents subject to this Section 2(b), indicating therein
the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice the “Dilutive
Issuance Notice”). For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this
Section 2(b), upon the occurrence of any Dilutive Issuance, after the date of such Dilutive Issuance the Holder is entitled to receive
a number of Warrant Shares based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share Price
in the Notice of Exercise.

 

(c)
Subdivision or Combination of Common Stock. If the Company at any time on or after the Issuance Date subdivides (by any stock
split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number
of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant
Shares will be proportionately increased. If the Company at any time on or after the Issuance Date combines (by combination, reverse
stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Exercise
Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares will be proportionately
decreased. Any adjustment under this Section 2(c) shall become effective at the close of business on the date the subdivision or combination
becomes effective. Each such adjustment of the Exercise Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment
shall be made successively whenever any event covered by this Section 2(c) shall occur. By way of example and not limitation, the following
illustrates the result of a 1:1,200 reverse stock split: 92,444 will be the new number of Warrant Shares; and, $9.00 will be the new
Exercise Price (assuming no other adjustments to the number of Warrant Shares or Exercise Price have occurred as of the date of this
adjustment example).

 

    	5

    	 

    

 

3.
FUNDAMENTAL TRANSACTIONS. If, at any time while this Warrant is outstanding, (i) the Company effects any merger of the Company
with or into another entity and the Company is not the surviving entity (such surviving entity, the “Successor Entity”),
(ii) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions, (iii) any tender
offer or exchange offer (whether by the Company or by another individual or entity, and approved by the Company) is completed pursuant
to which holders of Common Stock are permitted to tender or exchange their shares of Common Stock for other securities, cash or property
and the holders of at least 50% of the Common Stock accept such offer, or (iv) the Company effects any reclassification of the Common
Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities,
cash or property (other than as a result of a subdivision or combination of shares of Common Stock) (in any such case, a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive the number of
shares of Common Stock of the Successor Entity or of the Company and any additional consideration (the “Alternate Consideration”)
receivable upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets by a holder of
the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such event (disregarding any limitation
on exercise contained herein solely for the purpose of such determination). For purposes of any such exercise, the determination of the
Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price
among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration.
If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then
the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such
Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any Successor Entity in such Fundamental Transaction
shall issue to the Holder a new warrant consistent with the foregoing provisions and evidencing the Holder’s right to exercise
such warrant into Alternate Consideration.

 

4.
NON-CIRCUMVENTION. The Company covenants and agrees that it will not, by amendment of its certificate of incorporation, bylaws
or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities,
or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and will at
all times in good faith carry out all the provisions of this Warrant and take all action as may be required to protect the rights of
the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase the par value of any shares of Common
Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect, (ii) shall take all such actions as may be
necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares of Common Stock
upon the exercise of this Warrant, and (iii) shall, for so long as this Warrant is outstanding, have authorized and reserved, free from
preemptive rights, five (5) times the number of shares of Common Stock into which the Warrants are then exercisable into to provide for
the exercise of the rights represented by this Warrant (without regard to any limitations on exercise).

 

5.
WARRANT HOLDER NOT DEEMED A STOCKHOLDER. Except as otherwise specifically provided herein, this Warrant, in and of itself, shall
not entitle the Holder to any voting rights or other rights as a stockholder of the Company. In addition, nothing contained in this Warrant
shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise)
or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.

 

6.
REISSUANCE.

 

(a)
Lost, Stolen or Mutilated Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Company will, on such terms as
to indemnity or otherwise as it may reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof),
issue a new Warrant of like denomination and tenor as this Warrant so lost, stolen, mutilated or destroyed.

 

(b)
Issuance of New Warrants. Whenever the Company is required to issue a new Warrant pursuant to the terms of this Warrant, such
new Warrant shall be of like tenor with this Warrant, and shall have an issuance date, as indicated on the face of such new Warrant which
is the same as the Issuance Date.

 

7.
TRANSFER. This Warrant shall be binding upon the Company and its successors and assigns, and shall inure to be the benefit of
the Holder and its successors and assigns. Notwithstanding anything to the contrary herein, the rights, interests or obligations of the
Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior signed
written consent of the Holder, which consent may be withheld at the sole discretion of the Holder (any such assignment or transfer shall
be null and void if the Company does not obtain the prior signed written consent of the Holder). This Warrant or any of the severable
rights and obligations inuring to the benefit of or to be performed by Holder hereunder may be assigned by Holder to a third party, in
whole or in part, without the need to obtain the Company’s consent thereto.

 

    	6

    	 

    

 

8.
NOTICES. Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be given
in accordance with the notice provisions contained in the Purchase Agreement. The Company shall provide the Holder with prompt written
notice (i) immediately upon any adjustment of the Exercise Price, setting forth in reasonable detail, the calculation of such adjustment
and (ii) at least 20 days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend
or distribution upon the shares of Common Stock, (B) with respect to any grants, issuances or sales of any stock or other securities
directly or indirectly convertible into or exercisable or exchangeable for shares of Common Stock or other property, pro rata to the
holders of shares of Common Stock or (C) for determining rights to vote with respect to any Fundamental Transaction, dissolution or liquidation,
provided in each case that such information shall be made known to the public prior to or in conjunction with such notice being provided
to the Holder.

 

9.
AMENDMENT AND WAIVER. The terms of this Warrant may be amended or waived (either generally or in a particular instance and either
retroactively or prospectively) only with the written consent of the Company and the Holder.

 

10.
GOVERNING LAW AND VENUE. This Warrant shall be governed by and construed in accordance with the laws of the State of Nevada without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Warrant shall be brought only in the state courts located in the Commonwealth of Massachusetts or federal courts located in Commonwealth
of Massachusetts. The parties to this Warrant hereby irrevocably waive any objection to jurisdiction and venue of any action instituted
hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. EACH
PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR UNDER ANY OTHER TRANSACTION DOCUMENT ENTERED INTO IN CONNECTION WITH OR ARISING OUT OF THIS WARRANT, OR ANY TRANSACTION
CONTEMPLATED HEREBY OR THEREBY. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s
fees and costs. In the event that any provision of this Warrant or any other agreement delivered in connection herewith is invalid or
unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may
conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby
irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with
this Warrant or any other transaction document entered into in connection with this Warrant by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under the
Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained
herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

11.
ACCEPTANCE. Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and conditions
contained herein.

 

12.
CERTAIN DEFINITIONS. For purposes of this Warrant, the following terms shall have the following meanings:

 

(a)
“Nasdaq” means www.Nasdaq.com.

 

(b)
“Closing Sale Price” means, for any security as of any date, (i) the last closing trade price for such security on
the Principal Market, as reported by Nasdaq, or, if the Principal Market begins to operate on an extended hours basis and does not designate
the closing trade price, then the last trade price of such security prior to 4:00 p.m., New York time, as reported by Nasdaq, or (ii)
if the foregoing does not apply, the last trade price of such security in the over-the-counter market for such security as reported by
Nasdaq, or (iii) if no last trade price is reported for such security by Nasdaq, the average of the bid and ask prices of any market
makers for such security as reported by the OTC Markets. If the Closing Sale Price cannot be calculated for a security on a particular
date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined
by the Company and the Holder. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination
or other similar transaction during the applicable calculation period.

 

    	7

    	 

    

 

(c)
“Common Stock” means the Company’s common stock, par value $0.001, and any other class of securities into which
such securities may hereafter be reclassified or changed.

 

(d)
“Common Stock Equivalents” means any securities of the Company that would entitle the holder thereof to acquire at
any time Common Stock, including without limitation any debt, preferred stock, rights, options, warrants or other instrument that is
at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

(e)
[Intentionally Omitted].

 

(f)
“Person” and “Persons” means an individual, a limited liability company, a partnership, a joint
venture, a corporation, a trust, an unincorporated organization, any other entity and any governmental entity or any department or agency
thereof.

 

(g)
“Principal Market” means the principal securities exchange or trading market where such Common Stock is listed or
quoted, including but not limited to any tier of the OTC Markets, any tier of the NASDAQ Stock Market (including NASDAQ Capital Market),
or the NYSE American, or any successor to such markets.

 

(h)
“Market Price” means the highest traded price of the Common Stock during the one hundred and fifty Trading Days prior
to the date of the respective Exercise Notice.

 

(i)
“Trading Day” means any day on which the Common Stock is listed or quoted on its Principal Market, provided, however,
that if the Common Stock is not then listed or quoted on any Principal Market, then any calendar day.

 

*
* * * * * *

 

    	8

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the Issuance Date set forth above.

 

	 	DATA443
    RISK MITIGATION, INC.
	 	 	 
	 	 
	 	Name:	Jason
    Remillard
	 	Title:	Chief
    Executive Officer

 

    	 

    	 

    

 

EXHIBIT
A

 

EXERCISE
NOTICE

 

(To
be executed by the registered holder to exercise this Common Stock Purchase Warrant)

 

The
Undersigned holder hereby exercises the right to purchase
of the shares of Common Stock (“Warrant Shares”) of DATA443 RISK MITIGATION, INC., a Nevada corporation (the “Company”),
evidenced by the attached copy of the Common Stock Purchase Warrant (the “Warrant”). Capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in the Warrant.

 

	1.	Form of Exercise Price. The Holder intends that payment
of the Exercise Price shall be made as (check one):

 

[  ]
a cash exercise with respect to Warrant Shares; or

[  ]
by cashless exercise pursuant to the Warrant.

 

	2.	Payment of Exercise Price. If cash exercise is selected
above, the holder shall pay the applicable Aggregate Exercise Price in the sum of $ to the Company in accordance with the terms of the
Warrant.

 

	3.	Delivery of Warrant Shares. The Company shall deliver
to the holder Warrant Shares in accordance with the terms of the Warrant.

 

	Date:
    	 	 

 

	 	 
	 	(Print
    Name of Registered Holder)

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

EXHIBIT
B

 

ASSIGNMENT
OF WARRANT

 

(To
be signed only upon authorized transfer of the Warrant)

 

For Value Received, the undersigned hereby sells, assigns, and transfers unto _______________the right to purchase
_______________ shares of common stock of DATA443 RISK MITIGATION, INC., to which the within Common Stock Purchase Warrant relates
and appoints ___, as attorney-in-fact, to transfer said right on the books of DATA443 RISK MITIGATION, INC. with full power of
substitution and re-substitution in the premises. By accepting such transfer, the transferee has agreed to be bound in all respects
by the terms and conditions of the within Warrant.

 

Dated: ____________________

 

	 	 
	 	(Signature)
    *
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	(Address)
	 	 
	 	 
	 	(Social
    Security or Tax Identification No.)

 

*
The signature on this Assignment of Warrant must correspond to the name as written upon the face of the Common Stock Purchase Warrant
in every particular without alteration or enlargement or any change whatsoever. When signing on behalf of a corporation, partnership,
trust or other entity, please indicate your position(s) and title(s) with such entity.

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