Document:

MANAGEMENT
AGREEMENT

 

This
MANAGEMENT AGREEMENT (“Agreement”) is made as of the 30th day of December, 2016 by and between 1-800
NY BULBS LIMITED, a New York corporation with its principal place of business located at 620 Fayette Avenue, Mamaroneck, N.Y.
10543 (the “Company”), and NY BULBS MANAGEMENT LLC, a New York limited liability company having its principal
place of business at 9 Tyler Road, Scarsdale, N.Y. 10583 (the “Manager”).

 

RECITALS

 

WHEREAS,
pursuant to a Stock Purchase Agreement, dated as of December 30, 2016 (the “Purchase Agreement”), by and among
Tarsier Ltd., a Delaware corporation (“Buyer”), and each of RANDALL DAVID SATIN with a residence address
of 9 Tyler Road, Scarsdale, N.Y. 10583 (“Satin”), and LAWRENCE MERSON with a residence of 132 Saxon Woods,
Scarsdale, NY 10583 (“Merson”), upon the consummation of the transactions contemplated by the Purchase Agreement,
the Company will become a wholly-owned subsidiary of Buyer;

 

WHEREAS,
upon the closing of the transactions contemplated by the Purchase Agreement, Satin and Merson, as the holders of common stock
of the Company, will receive a 100% of the consideration being paid by Buyer pursuant to the Purchase Agreement;

 

WHEREAS,
in consideration of the benefits to be derived by the Manager under this Agreement and by Satin and Merson under the Purchase
Agreement, the Manager Satin and Merson are willing to undertake certain restrictions on the their respective business activities
from and after the date hereof upon the terms and conditions set forth herein;

 

WHEREAS,
the Company desires that the Manager, after the consummation of the transactions contemplated by the Purchase Agreement will provide
services to the Company in accordance with the terms and conditions set forth herein and will employ the services of Satin and
Merson in furtherance thereof; and

 

WHEREAS,
the Company and the Manager desire to enter into this Agreement which will set forth the terms and conditions upon which the Manager
shall provide management services to the Company and upon which the Company shall compensate the Manager.

 

NOW
THEREFORE, in consideration of the foregoing and of the respective covenants and agreements of the parties herein contained and
intending to be legally bound, the parties hereto agree as follows:

 

Section
1. Term. Subject to the provisions of Section 5 hereof, the term of this Agreement shall commence on the date hereof
and shall continue for a term commencing on the date hereof and ending on December 31, 2019 (the “term of this Agreement”
or the “Term”).

 

Section
2. Services to Be Provided.

 

(a)
Services. During the term of this Agreement, Company shall retain the Managerto act as the Company’s full-time basis
as General Manager of the Company, or such other comparable services as may be mutually agreed by the Manager and by the Board
of Directors of the Company (the “Board”). As the Company’s General Manager, the Managers shall work to develop
new products and offerings, and other duties as may be assigned to them by the Board, consistent with the Manager’s position
and as are customarily incident to such position. The Manager will diligently perform such reasonable duties in connection with
the business and affairs of the Company as set forth above and in furtherance thereof intends and expects to employee Satin and
Merson.

 

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(b)
Acceptance of Retention. The Manager hereby agrees to be so retained to provide the services described in Section 2(a)
above.

 

(c)
Full-Time Service. During the term of this Agreement the Manager agree to devote such time and attention to the business
and affairs of the Company and to use its best efforts to perform faithfully and efficiently the responsibilities assigned to
the Manager hereunder.

 

(d)
Required Management Meetings. Although the Manager is expected to have Satin and Merson (it’s “Principals”)
travel extensively each month to meet with customer prospects or to supervise projects, the Manager shall be required to cause
or both of its Principals to attend a management meeting in the Company’s offices with the CEO, with such meetings expected
to be no less frequent than monthly.

 

Section
3. Compensation.

 

(a)
Retainer. During the Term, the Company shall pay to the Manager to the sum of thirty thousand dollars ($30,000) per month
(the “Retainer”), pro rated for any partial months under this Agreement. The Retainer shall be paid in advance
on the first business day of each calendar month. Each Manager shall be entitled to fifty percent (50%) of the Retainer.

 

(b)
Vacations. The Manager shall undertake to limit the vacation time to be taken by each of its Principals to two (2) weeks
and to limit their personal or sick days to ten (10) days during each full calendar year during the Term Any such time that is
not taken during a calendar year during the Term, shall not carry over to the subsequent year. Manager’s Principals shall
also render services to the Company on paid holidays observed by the Company’s management employees and/or executives.

 

(c)
Failure to Pay Retainer. In the event that the Company fails to pay any monthly installment of the Retainer, the same shall
not be a breach of this Agreement; provided, that the Company has remedied such failure by timely paying such amount no later
than the due of the following monthly Retainer. Failure of the Company to timely pay the monthly Retainer payment more than twice
in any thirty six (36) month period shall be considered a material default of the provisions of this Agreement.

 

Section
4. Independent Contractors. The Company acknowledges that the Manager has been retained solely to provide the services
set forth in this Agreement. In rendering such services, the Manager will act as an independent contractor, and The Company acknowledges
that nothing in this Agreement is intended to create duties to the Company beyond those expressly provided for in this Agreement,
and the Manager and the Company specifically disclaim the creation of any fiduciary relationship between, or the imposition of
any fiduciary duties on, either party, solely pursuant to this Agreement. The Manager shall not be entitled to any fringe benefits
from the Company for its Principals, including, without limitation, retirement, life, disability and health insurance, and coverage
under workers’ compensation and unemployment compensation laws.

 

Section
5. Termination. Either Manager’s retention hereunder may be terminated without any breach of this Agreement under
the following circumstances:

 

(a)
Death. The death of both Principals.

 

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(b)
Disability. The total disability of both Principals defined. A Principal’s Total Disability is defined as a Principal’s
If having been absent from his duties on a full-time basis for thirty (30) consecutive days or sixty (60) days in any one-year
period, The term “Disability”, when used herein, shall mean a mental or physical condition which, in the reasonable
opinion of a medical doctor selected by the Board (excluding the vote of the Principal being assessed, if such Principal is a
Board member), can be expected to be permanent or to be of an indefinite duration and that renders such Principal unable to carry
out the job responsibilities held by, or the tasks assigned to, such Principal immediately prior to the time the disabling condition
was incurred, or that entitles such Principal to receive disability payments under any long-term disability insurance policy that
covers such Principal. Each Principal hereby agrees to submit himself for appropriate medical examination to the medical doctor
selected by the Board as necessary for the purposes of this Section promptly upon request of the Board.

 

(c)
Discharge for Cause. The Company may terminate either Manager’s engagement under this Agreement for Cause. For purposes
of this Agreement, the Company shall have “Cause” to terminate a Manager’s engagement if such Manager
or one of its Principals: (i) breaches or fails to perform any of its his material covenants, commitments, duties, or obligations
under this Agreement; (ii) embezzles, misappropriates or converts to its own use or for its personal benefit any the Company funds,
or a the Company business opportunity; (iii) destroys, or converts to its own use or for its personal benefit, any material property
of the Company, without the Company’s consent; (iv) is convicted of, or enters a guilty or “no contest” plea
with respect to a felony or a crime of moral turpitude (whether or not a felony) unless the felony or crime is a traffic-related
offense; (v) is habitually intoxicated while performing services for the Company, other than in a predominantly social environment;
(vi) violates federal or state securities or banking laws, rules or regulations, or violates the rules or regulations of stock
exchange on which the Company (or Buyer) is, or may become, listed or included during the Term, for which the Manager or Principal
is found guilty or liable, for which the Manager or Principal agrees to pay fines or suffer sanctions or injunctive relief whether
or not it is found to be guilty or liable; (vii) engages in misconduct or activities which a reasonable person would find to be
materially injurious to the Company or its subsidiaries; or (viii) is found guilty at any time in any harassment procedures brought
on by any of the Company’s employees. The Company shall not have the right to terminate the Manager’s engagement pursuant
to clauses (i) or (vii) of this Section unless the Company has provided ten (10) days written notice to the Manager of such failure
or breach and the Manager or Principal has not cured such failure or breach within ten (10) days from the receipt of such notice.

 

(d)
Termination with Good Reason. The Manager may resign during the term of this Agreement for Good Reason. For purposes of
this Agreement, the term “Good Reason” shall mean (i) the Company breaches or fails to perform any of its material
commitments, duties, or obligations under this Agreement and such breach or failure continues for a period of thirty (30) days
after the Company is provided with written notice of such breach or failure; (ii) a significant reduction by the Company in the
nature or scope of the authority of, such duties or responsibilities assigned to or held by such Manager that are inconsistent
with such Manager’s role with the Company without such Manager’s consent; (iii) a transfer or relocation of the site
from which the Manager provides services to the Company hereunder, without the Manager’s express written consent, to a location
more than fifty (50) miles from the location of the Manager’s then current principal location of from which the Manager
provides services to the Company hereunder (excluding business travel) or (iv) the Company fails to remedy a failure to make a
monthly Retainer payment pursuant to Section 3(c) above (a “Payment Failure”). .

 

(e)
Termination for Failure to Pay Retainer. In the event of a Payment Failure the restrictive covenants contained in this
Agreement and in the Purchase Agreement shall thereafter be considered null and void and of no further force or effect.

 

    	 	3	 

     

    

 

(f)
Notice of Termination. Any termination of the Manager by the Company or by the Manager pursuant to Section 5 hereof shall
be communicated by written Notice of Termination to the other party in accordance with Section 17 hereof. For purposes of this
Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific termination provision
in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances, if any, claimed to provide
a basis for termination of the Manager’s engagement under the provision so indicated.

 

(g)
Date of Termination. The term “Date of Termination” shall mean (i) if the Manager’s engagement
is terminated by death, the date of death of the second Principal to die, (ii) if the Manager’s engagement is terminated
pursuant to Section 5(b) hereof, ten (10) days after the Company’s notice is given (provided that such Principal shall not
have returned to the performance of his duties on the basis provided for in Section 2 hereof during such ten (10) day period),
(iii) if the Manager is terminated pursuant to Section 5(c), one day after the Notice of Termination is given, or (iv) if the
Manager is terminated pursuant to Section 5(d), ten (10) days after the Notice of Termination, or upon such date set forth in
the notice if such date is more than ten (10) days after the giving of the Termination Notice, (v) if the Manager’s is terminated
pursuant to Section 5(e), upon the date the Notice of Termination is delivered; and (vi) if this Agreement terminates at the end
of the Term, the date of such termination.

 

Section
6. Compensation upon Termination.

 

(a)
Cause. If the Manager’s engagement shall be terminated for Cause by the Company, the Company shall have no further
obligation or liability to the Manager for compensation hereunder, except that the Company shall pay to the Manager the portion,
if any, of such Manager’s share of the Retainer for the period up to the Date of Termination that remains unpaid.

 

(b)
For Good Reason. If the Manager’s engagement shall be terminated for Good Reason by, the Company shall continue to
pay Manager the Retainer in accordance with Section 4(a) for a period of the shorter of (A) two (2) months from the Date of Termination,
or (B) the length of time from the date of termination until the end of the Term, had the Manager’s engagement not been
terminated.

 

(c)
Payment Failure. If the Manager’s engagement shall be terminated by such for the occurrence of a Payment Failure,
(i) the Company shall have no further obligation or liability to the Manager for compensation hereunder, except that the Company
shall remain obligated to pay to Manager the Retainer for the period up to the Date of Termination that remains unpaid; and (ii)
the provisions of Section 8 shall terminate and be of no further effect.

 

Section
7. Confidential Information.

 

(a)
Defined. During the Term, the Company may provide the Manager and its Principal with access to, and may confide in the
Manager and its Principals and the Manager and its Principals have or may prepare or create, information, business methods and
systems, techniques and methods of operation and Trade Secrets (as hereinafter defined) developed by the Company and that the
Manager and its Principals recognize to be unique assets of the Company’s business (but excluding therefrom information
that is in the public domain or recognized in the industry as standard industry practice) (the foregoing, subject to such exclusion
(“Trade Secrets”), which the Managers recognize constitute trade secrets as defined in the Uniform Trade Secrets
Act Section 1(4). Such Trade Secrets, as well as all confidential and proprietary information of the Company, including, but not
limited to, information relating to strategic plans, costs, profits or the business affairs and financial condition of the Company,
or any of its vendors or customers, or any of the Company’s business methods, systems, or techniques, excluding such information
that is in the public domain, recognized in the industry as standard industry practice, or generally known within the industry,
is considered confidential (collectively, “Confidential Information”).

 

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(b)
Prohibited Acts and Continuing Obligations. The Manager and its Principals shall not, during or after the expiration of
this Agreement, directly or indirectly, in any manner disclose to any person, firm, corporation, association or other entity,
any portion of the Confidential Information or use any portion of the Confidential information for any purpose unrelated to the
business of the Company, except for such disclosures that may be required by law. The Manager and its Principals further agree
that, upon the Company’s request, each of them will promptly deliver to the Company all of the Company’s Confidential
Information and any other material in any medium in their possession relating in any way to the business of the Company, whether
confidential or not, on or before the Manager’s Date of Termination. In the event that the Manager or its Principals are
requested or required (by oral question or written request for information or documents in any legal proceeding, interrogatory,
subpoena, civil investigative demand, or similar legal proceeding) to disclose any Confidential Information, it or he will notify
the Company promptly of the request or requirement so that the Company may seek a protective order, and the Manager or its Principal
shall not disclose such Confidential Information unless the Company fails to promptly and diligently seek a protective order or
such protective order is denied, or such disclosure is required in the opinion of the Manager’s or Principal’s counsel.
For the avoidance of doubt, if the Company does not seek a protective order in accordance with the rules and procedures of the
applicable jurisdiction prior to the time that the Manager or Principal is compelled to provide information or documents pursuant
to the aforementioned request or requirement, the Company shall be deemed to have failed to seek a protective order in a prompt
and diligent manner for the purposes of this Section 7(b).

 

(c)
The Company. For the purposes of this Section 7, the term “the Company” shall include all subsidiaries and
the parent of the Company in existence from time to time.

 

Section
8. Noninterference; Non-competition.

 

(a)
Noninterference. The Manager and each of its Principals agree that during the Term and for a period of twelve (12) months
following the Date of Termination, the Manager and its Principals will not, directly or indirectly, for their selves or on behalf
of any third party, at any time or in any manner, directly or indirectly: (i) solicit, entice, persuade, induce, request or otherwise
cause any employee, officer or agent of the Company to refrain from rendering services to the Company or to terminate his relationship,
contractual or otherwise, with the Company; or (ii) induce or attempt to influence any customer, vendor or other contractor, or
prospective customer, vendor or other contractor then being actively solicited by the Company, to cease or refrain from doing
business or to decline to do business with the Company. It shall not be a breach of the covenant set forth in this Section 8(a)
for the Manager on behalf of himself or a third party to hire a former employee of the Company whose employment relationship with
the Company terminated at least six (6) months prior to such hiring, without any involvement, directly or indirectly, on the part
of the Manager or a Principal of the Manager provided such former employee approaches the Manager for employment without being
solicited in any way by the Manager or its Principals.

 

(b)
Non-competition. The Manager and each of its Principals agree that during the Term and for a period of twelve (12) months
following the Date of Termination, they will not, directly or indirectly, own, manage, operate, join, control, finance or participate
in the ownership, management, operation, control or financing of, or be connected as an officer, director, executive, partner,
principal, agent, representative, consultant or otherwise with, any business, firm, person, partnership, corporation or other
entity that is engaged in the development, construction, brokering or in the rendering of advisory services related to the business
of buying, selling, distributing, leasing, servicing, repairing or maintaining and otherwise dealing in light bulbs, electrical
supplies, lighting systems and fixtures, and associated equipment including any such activities involving solid state or LED lighting
(collectively, the “Lighting Business”) in the United States of America. Notwithstanding the foregoing, the
foregoing shall not preclude ownership by the Manager or one of its Principals of not more than five percent (5%) of the issued
and outstanding stock of any publicly traded Business. The term “Business” means such business as the Company is engaged
in on the Date of Termination including, without limitation, the Lighting Business, in each case, (1) for so long as the Company
continues to engage in such business and (2) in the vertical markets in which the Company provides such services in on the Date
of Termination.

 

    	 	5	 

     

    

 

(c)
Severability. If any term or provision of this Section 8 shall be determined by a court of competent jurisdiction to be
unenforceable because of the scope or duration thereof or the geographic area included therein, the parties hereto expressly agree
that the court making such determination shall have the power to reduce the scope and duration and restrict the geographic area
of such term or provision in such manner as the court shall deem necessary in order to permit enforcement of such term or provision.

 

(d)
The Company. For the purposes of this Section 8, the term “the Company” shall include all subsidiaries and
the parent of the Company in existence from time to time.

 

Section
9. Intellectual Property Disclosure and Assignment.

 

(a)
Disclosure. The Manager and each of its Principals shall, promptly and fully disclose to the Company, with all necessary
detail, (i) all developments, know-how, software, discoveries, inventions, improvements, concepts, ideas, formulas, processes
and methods, Trade Secrets and other intellectual property rights (whether copyrighted, copyrightable, patented, patentable or
otherwise) related to the Lighting Business (collectively, the “Intellectual Property”) made, received, conceived,
acquired, written or reduced to practice by the Manager or its Principals (whether or not at the request or upon the suggestion
of the Company), solely or jointly with others, in the course of and related to such Manager’s engagement by the Company.

 

(b)
Assignment and Transfer. The Manager and each of its Principals hereby assigns and transfers to the Company all of his
right, title and interest in and to all of the Intellectual Property, and agrees that they shall, without any additional compensation,
at any time or from time to time promptly upon the request of the Company or its successors or assigns, do, execute, acknowledge
and deliver, or cause to be done, executed, acknowledged and delivered, to the Company or its successors or assigns, as the case
may be, all such further acts, transfers, assignments, deeds, powers and assurances of title, and additional papers and instruments,
and shall do or cause to be done all acts or things as often as may be proper or necessary or advisable for better assuring, conveying,
transferring, assigning, protecting and safeguarding the Intellectual Property, and effectively to carry out the intent hereof,
and to vest in the Company the entire right, title and interest of the Manager or Principal in and to all of the Intellectual
Property, including applications for and assignments of patents and copyrights, and all renewals thereof as may be necessary to
obtain patents and copyrights in any and all countries, and the Manager or Principal shall cooperate in the defense of any claims
or demands with respect to the Intellectual Property.

 

(c)
Records. The Manager and each of its Principals agree that, in connection with any services performed for the Company,
it or he will use best efforts to maintain careful, adequate and contemporaneous written records of Intellectual Property, which
records shall be the property of the Company.

 

(d)
The Company. For the purposes of this Section 9, the term “the Company” shall include all direct and indirect
subsidiaries or the parent of the Company in existence from time to time.

 

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Section
10. Injunctive Relief. The Manager and each of its Principals acknowledges and agrees that, in the event they shall
violate any of the restrictions of Sections 7, 8 or 9 hereof, the Company will be without an adequate remedy at law and will therefore
be entitled to enforce such restrictions by temporary or permanent injunctive or mandatory relief in any court of competent jurisdiction
without the necessity of proving damages and without prejudice to any other remedies which it may have at law or in equity, and
without the necessity of posting a bond or other surety. The Manager and each of its Principals acknowledges and agrees that,
any such relief maybe sought in any jurisdiction having proper jurisdiction.

 

Section
11. No Prior Agreements. The Manager and each of its Principals represent that they is not a party to, or otherwise
subject to or bound by the terms of, any contract, agreement, or understanding which in any manner would limit or otherwise affect
his ability to perform his obligations hereunder, including, without limitation, any contract, agreement, or understanding containing
any provision limiting their right to compete with a prior employer. In the event that a representation in this Section 11 is
not accurate and the Company is required to expend sums in defense or settlement of, or in satisfaction of any judgment on, an
action brought by a former employer of regarding the relationship created herein, the Manager will indemnify and hold the Company
harmless from such action including, but not limited to, all damages, attorneys’ fees, court costs or other sums reasonably
incurred by the Company. The foregoing indemnification shall be without prejudice to any other remedies which the Company may
have at law or in equity.

 

Section
12. Expenses. Each party agrees to reimburse the other party for any reasonable expenses (including attorneys’
fees) incurred by it or him in enforcing the provisions hereof if the other party prevails in that enforcement.

 

Section
13. Indemnification. Each Principal will indemnify the Company from any actions, which shall arise from any harassment
suits, whether they have occurred prior to or after this agreement.

 

Section
14. Binding Agreement. This Agreement and all rights of the Manager hereunder shall inure to the benefit of and shall
be binding upon the Manager’s respective personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. The Manager shall assign any of his rights or delegate any of its obligations under this
Agreement. This Agreement shall not be assignable by the Company, except to the extent set forth in the following provisions of
this Section 14. Notwithstanding the foregoing, nothing in the Agreement shall preclude the Company from consolidating or merging
into or with or transferring all or substantially all of its equity or assets to another person or entity. In that event, such
other person or entity shall assume this Agreement and all obligations of the Company hereunder. Upon such consolidation, merger,
or transfer of equity or assets and assumption, the term the “Company” as used herein, shall mean such other person
and this Agreement shall continue in full force and effect.

 

Section
15. Entire Agreement. This Agreement constitutes the full and complete understanding and agreement of the Manager and
the Company respecting the subject matter hereof, and supersedes all prior understandings and agreements, oral or written, express
or implied. This Agreement may not be modified or amended orally, but only by an agreement in writing, signed by the party against
whom enforcement of any waiver, change, modification, extension or discharge is sought.

 

Section
16. Headings. The section headings of this Agreement are for convenience of reference only and are not to be considered
in the interpretation of the terms and conditions of this Agreement.

 

    	 	7	 

     

    

 

Section
17. Notices. Any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed
to have been given when (i) delivered in person, (ii) sent by certified mail, postage prepaid, (iii) delivered by a nationally
recognized overnight delivery service or (iv) sent by telecopy, provided that a confirmation copy is sent via a nationally recognized
overnight delivery service on the same business day, addressed, if to the Company, at the Company’s executive offices, Attention.:
Chairman of the Board of Directors, and if to the Manager or Principal at their address first set forth above, with a copy sent
via certified mail, return receipt requested, to any attorney designated by the Manager in writing to the Company prior to the
Company giving the notice in question. Any party may change the person and address to which notices or other communications are
to be sent by giving written notice of such change to the other party in the manner provided herein for giving notice.

 

Section
18. Waiver of Breach. No waiver by either party of any condition or of the breach by the other of any term or covenant
contained in this Agreement shall be effective unless it is in writing and signed by the aggrieved party. A waiver by a party
hereto in anyone or more instances shall not be deemed or construed as a further or continuing waiver of any such condition or
breach or a waiver of any other condition, or of the breach of any other term or covenant set forth in this Agreement. Moreover,
the failure of either party to exercise any right hereunder shall not bar the later exercise thereof.

 

Section
19. Governing Law. This Agreement shall be governed by the internal laws of the State of New York, without regard to
conflicts of laws principles.

 

Section
20. Representation by Counsel; Interpretation. Each party acknowledges that it or he has been represented by counsel,
or has been afforded the opportunity to be represented by counsel in connection with this Agreement and the transactions contemplated
hereby. Accordingly, any rule or law or any legal decision that would require the interpretation of any claimed ambiguities in
this Agreement against the party that drafted it has no application and is expressly waived by the parties. The provisions of
this Agreement shall be interpreted in a reasonable manner to give effect to the intent of the parties hereto.

 

Section
21. Continuation of Covenants. The provisions of Sections 6, 7, 8, 9, 10, 11 and 20 hereof shall survive any termination
of the Manager’s engagement or termination of this Agreement, and shall continue thereafter; provided, that the covenants
and agreements of the Manager and its Principals in Section 8 shall expire as expressly set forth in Section 8.

 

Section
22. Invalidity or Unenforceability. If any term or provision of this Agreement is held to be invalid or unenforceable,
for any reason, such invalidity or unenforceability shall not affect any other term or provision hereof and this Agreement shall
continue in full force and effect as if such invalid or unenforceable term or provision (to the extent of the invalidity or unenforceability)
had not been contained herein.

 

Section
23. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same instrument.

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

    	 	8	 

     

    

 

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

 

	NY
    BULBS MANAGENT LLC	 
	 	 	 
	By:	/s/
    Randall     David Satin	 
	 	Randall
    David Satin, Member	 
	 	 	 
	By:	/s/
    Lawrence     Merson	 
	 	Lawrence
Merson, Member	 
	 	 	 
	1-800 NY BULBS LIMITED	 
	 	 	 
	By:	/s/
    Isaac     H. Sutton	 
	 	Isaac
H. Sutton, Director	 

 

    	 	9FIRST
AMENDMENT TO CREDIT AGREEMENT

 

This
FIRST AMENDMENT TO CREDIT AGREEMENT (the “Amendment”) is dated effective as of the 30th day
of December, 2016 (the “Effective Date”), by and between TARSIER LTD, a corporation incorporated
under the laws of the State of Delaware (the “Borrower”), TARSIER SYSTEMS LTD., a corporation
incorporated under the laws of the State of New York (the “Corporate Guarantor”) (the Borrower and the
Corporate Guarantor hereinafter sometimes collectively referred to as the “Credit Parties”) and TCA
GLOBAL CREDIT MASTER FUND, LP, a Cayman Islands limited partnership (the “Lender”).

 

RECITALS

 

WHEREAS,
the Credit Parties and the Lender executed that certain Senior Secured Revolving Credit Facility Agreement dated effective as
of January 29, 2016 (as amended, supplemented, renewed, or modified from time to time, the “Credit Agreement”);
and

 

WHEREAS,
pursuant to the Credit Agreement, the Borrower executed and delivered to Lender that certain Revolving Note dated effective as
of January 29, 2016, evidencing an initial Revolving Loan under the Credit Agreement in the amount of Five Million Dollars ($5,000,000)
(such Revolving Note, together with any amendments, renewals, substitutions, replacements, or modifications from time to time,
collectively referred to as the “Revolving Note”); and

 

WHEREAS,
in connection with the Credit Agreement and the Revolving Note, the Borrower executed and delivered to the Lender various ancillary
documents referred to in the Credit Agreement as the “Loan Documents”; and

 

WHEREAS,
the Borrower’s obligations under the Credit Agreement and the Revolving Note are secured by the following, all of which
are included within the Loan Documents: (i) the Security Agreements; (ii) the Guarantee Agreement; (iii) the Pledge Agreement;
(iv) the Validity Certificate; and (v) UCC-1 Financing Statements naming the Borrower and the Corporate Guarantor, as debtors,
and Lender, as secured party (the “UCC-1’s”), among other Loan Documents; and

 

WHEREAS,
in accordance with Section 14.25 of the Credit Agreement, the Withheld Amount of Four Million Six Hundred Thousand Dollars
($4,600,000) of the initial Revolving Loan was withheld and retained by Lender for funding future Acquisitions, all in accordance
with the Credit Agreement; and

 

WHEREAS,
the Credit Parties desire to undertake an Acquisition of “NY Bulbs” (as hereinafter defined), and in that regard,
have requested that Lender fund and release One Million Two Hundred Thousand Dollars ($1,200,000) (the “Additional
Advance”) from the Withheld Amount to fund such Acquisition, and Lender is amenable to making the Additional Advance
for such purpose, all in accordance with the terms of this Amendment;

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants of the parties hereinafter expressed and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, each intending to be legally bound,
agree as follows:

 

1.           
Recitals. The recitations set forth in the preamble of this Amendment are true and correct and incorporated herein by this
reference.

 

2.           
Capitalized Terms. All capitalized terms used in this Amendment shall have the same meaning ascribed to them in the Credit
Agreement, except as otherwise specifically set forth herein. In addition, the other definitional and interpretation provisions
of Sections 1.2, 1.3 and 1.4 of the Credit Agreement shall be deemed to apply to all terms and provisions of this Amendment,
unless the express context otherwise requires.

 

    	1

    	 

    

 

3.           
Conflicts. In the event of any conflict or ambiguity by and between the terms and provisions of this Amendment and the
terms and provisions of the Credit Agreement, the terms and provisions of this Amendment shall control, but only to the extent
of any such conflict or ambiguity.

 

4.           
Funding of Withheld Amount. The Credit Parties have requested the Additional Advance in the amount of One Million Two Hundred
Thousand Dollars ($1,200,000), which Lender hereby agrees to make for the purpose of completing the Acquisition of NY Bulbs, all
subject to the terms and conditions of this Amendment. Upon funding of the Additional Advance, the Additional Advance shall be
deemed a Revolving Loan under the Credit Agreement and evidenced by the Revolving Note, and such Additional Advance, together
with all other Obligations, shall be and remain secured by the Security Agreements, the Guarantee Agreement, the Pledge Agreement,
the Validity Certificate, the UCC-1’s, and all other Loan Documents, as applicable, and which Obligations shall be and remain
due and payable in accordance with the terms of the Credit Agreement, as amended hereby, and the Revolving Note.

 

5.           
Funding for Acquisition. 

 

(a)          
The funding of the Additional Advance shall be subject to the simultaneous closing of that certain transaction between Borrower,
as buyer, and Randall D. Satin and Lawrence Merson (collectively, the “NY Bulbs Shareholders”), as sellers,
pursuant to which the Borrower shall purchase 100% of the issued and outstanding capital stock of 1-800 NY BULBS LIMITED, a New
York corporation (“NY Bulbs”), which issued and outstanding capital stock is owned by the NY Bulbs Shareholders
(such purchase transaction sometimes hereinafter referred to as the “NY Bulbs Acquisition”). In order
to satisfy the foregoing condition of simultaneous closing, the Credit Parties shall cooperate with the Lender in all respects
to close the transactions contemplated by this Amendment in accordance with the terms and provisions of this Section 5.

 

(b)         
On the Effective Date (and subject to all other conditions in this Amendment), the Lender shall fund the Additional Advance hereunder,
which amount shall be paid and disbursed as follows: (i) all fees, costs and other charges payable by the Credit Parties in connection
with this Amendment shall be withheld from the Additional Advance hereunder on the Effective Date and paid to the applicable parties
entitled to such fees in accordance with the Loan Settlement Statement and Joint Disbursement Instructions executed by the Borrower
in connection with the closing of the Additional Advance; (ii) $695,000 shall be paid and disbursed to the NY Bulbs Shareholders
in connection with the NY Bulbs Acquisition (subject to Lender’s receipt of the documentation required hereunder with respect
to the NY Bulbs Acquisition); (iii) up to $100,000 shall be paid to Chase bank to pay off an existing credit facility obligation
of NY Bulbs (with any portion of said $100,000 not used to pay off Chase to be disbursed to the Borrower); (iv) up to $106,000
shall be paid to Robert Klein to pay off an existing obligation of NY Bulbs (with any portion of said $106,000 not used to pay
off Mr. Klein to be disbursed to the Borrower); and (v) the remaining amount shall be paid and disbursed in accordance with the
Loan Settlement Statement and Joint Disbursement Instructions executed by the Borrower in connection with the funding of the Additional
Advance.

 

    	2

    	 

    

 

(c)          
In order to insure the simultaneous closing of the NY Bulbs Acquisition and the funding of the Additional Advance, the NY Bulbs
Acquisition and the Additional Advance shall be closed simultaneously by and through David Kahan, P.A., Lender’s counsel
(“DKPA”). On the Effective Date, all of the documents required to be executed by NY Bulbs (post-Acquisition,
as a wholly owned Subsidiary of Borrower) in accordance with Section 3.21 of the Credit Agreement shall be provided to
Borrower. When the Acquisition is “Ready to Close” (as hereinafter defined), the Borrower and the NY Bulbs Shareholders
shall deliver to DKPA, as applicable, under cover of a closing escrow letter acceptable to DKPA: (i) all original documents necessary
or required to fully and effectively close the NY Bulbs Acquisition, including a subordination agreement in form and substance
acceptable to Lender executed by the NY Bulbs Shareholders; (ii) all documents and other items required to be executed, completed
and delivered by NY Bulbs in accordance with Section 3.21 of the Credit Agreement, so executed and completed by an authorized
officer of NY Bulbs (post-Acquisition), in accordance with the Lender’s closing instructions to the Credit Parties; and
(iii) a closing certification signed by Borrower and the NY Bulbs Shareholders in substance and form acceptable to Lender and
DKPA, confirming that the NY Bulbs Acquisition is Ready to Close. Although the NY Bulbs Acquisition and the transactions contemplated
by this Amendment are to be closed simultaneously as contemplated by this Section 5, for purposes of this Amendment, the
Acquisition shall be deemed closed immediately prior to the closing of the transactions contemplated by this Amendment, such that
at the time of the closing of the transactions contemplated hereby, and funding of the Additional Advance, NY Bulbs shall be deemed
already acquired by the Borrower, deemed a wholly-owned Subsidiary of the Borrower, and deemed a Corporate Guarantor and Credit
Party hereunder.

 

(d)         
For purposes of this Section 5, the term “Ready to Close” shall mean, with respect to the NY
Bulbs Acquisition, that all documents relating to the NY Bulbs Acquisition have been fully and finally executed and delivered
by all applicable parties thereto to DKPA, and all other terms and conditions of any nature or kind to closing on the NY Bulbs
Acquisition have been fully satisfied and performed, other than payment of the cash portion of the purchase price for such Acquisition
to the NY Bulbs Shareholders.

 

6.           Representations
and Warranties. The Credit Parties hereby confirm and affirm that all representations and warranties made by the Credit Parties
under the Credit Agreement and all other Loan Documents (specifically including under Section 7 of the Credit Agreement) are true,
correct and complete in all material respects as of the date of the Credit Agreement, and hereby confirm and affirm that all such
representations and warranties remain true, correct and complete in all material respects as of the date of this Amendment, and
by this reference, the Credit Parties do hereby re-make each and every one of such representations and warranties herein as of
the date of this Amendment, as if each and every one of such representations and warranties was set forth and re-made in its entirety
in this Amendment by the Credit Parties, as same may be qualified by revised disclosure schedules attached to this Amendment,
if any (if no revised disclosures are attached to this Amendment, then no such revised disclosure schedules shall be deemed to
exist or to qualify any of the representations and warranties hereby re-made).

 

7.           Affirmation.
The Credit Parties hereby affirm all of their Obligations to the Lender under all of the Loan Documents and agree and affirm as
follows: (i) that as of the date hereof, the Credit Parties have performed, satisfied and complied in all material respects with
all the covenants, agreements and conditions under each of the Loan Documents to be performed, satisfied or complied with by the
Credit Parties; (ii) that the Credit Parties shall continue to perform each and every covenant, agreement and condition set forth
in each of the Loan Documents and this Amendment, and continue to be bound by each and all of the terms and provisions thereof
and hereof; (iii) that as of the date hereof, no default or Event of Default has occurred or is continuing under the Credit Agreement
or any other Loan Documents, and no event has occurred that, with the passage of time, the giving of notice, or both, would constitute
a default or an Event of Default under the Credit Agreement or any other Loan Documents; and (iv) that as of the date hereof,
no event, fact, or other set of circumstances has occurred which could reasonably be expected to have, cause, or result in a Material
Adverse Effect.

 

    	3

    	 

    

 

8.           Ratification.
The Credit Parties hereby acknowledge, represent, warrant and confirm to Lender that: (i) each of the Loan Documents executed
by the Credit Parties are valid and binding obligations of the Credit Parties, enforceable against the Credit Parties in accordance
with their respective terms; (ii) the Revolving Note, and all other Obligations of the Credit Parties under the Revolving Note,
the Credit Agreement, all other Loan Documents and this Amendment, shall be and continue to be and remain secured by and under
the Loan Documents, including the Security Agreements, the Guaranty Agreement, the Pledge Agreements, the Validity Certificate,
and the UCC-1’s; and (iii) no oral representations, statements, or inducements have been made by Lender, or any agent or
representative of Lender, with respect to the Credit Agreement, this Amendment or any other Loan Documents.

 

9.          Additional
Confirmations. The Credit Parties hereby represent, warrant and covenant as follows: (i) that the Lender’s Liens and
security interests in all of the “Collateral” (as such term is defined in the Credit Agreement), are and remain valid,
perfected, first-priority Liens and security interests in such Collateral, and the Credit Parties have not granted any other Liens
or security interests of any nature or kind in favor of any other Person affecting any of such Collateral.

 

10.           Lender’s
Conduct. As of the date of this Amendment, the Credit Parties hereby acknowledge and admit that: (i) the Lender has acted
in good faith and has fulfilled and fully performed all of its obligations under or in connection with the Credit Agreement or
any other Loan Documents; and (ii) that there are no other promises, obligations, understandings or agreements with respect to
the Credit Agreement or the Loan Documents, except as expressly set forth herein, or in the Credit Agreement and other Loan Documents.

 

11.           Redefined
Terms. The term “Loan Documents,” as defined in the Credit Agreement and as used in this Amendment, shall be deemed
to refer to and include this Amendment, and all other documents or instruments executed in connection with this Amendment and
the Acquisition. The term “Financial Statements,” as defined in the Credit Agreement, shall be deemed to refer to
and include any financial statements provided by Credit Parties to Lender (or otherwise filed by the Credit Parties with the SEC
or any Principal Trading Market) since the effective date of the Credit Agreement.

 

12.            Representations
and Warranties of the Credit Parties. The Credit Parties hereby make the following representations and warranties to the Lender:

 

(a)       Authority
and Approval of Agreement; Binding Effect. The execution and delivery by the Credit Parties of this Amendment, and all other
documents executed and delivered in connection herewith, and the performance by Credit Parties of all of their Obligations hereunder
and thereunder, have been duly and validly authorized and approved by each of the Credit Parties and their respective board of
directors pursuant to all applicable laws, and no other corporate action or consent on the part of the Credit Parties, their respective
board of directors, stockholders or any other Person is necessary or required by the Credit Parties to execute this Amendment,
and the documents executed and delivered in connection herewith and therewith, to consummate the transactions contemplated herein
and therein, or perform all of the Credit Parties’ Obligations hereunder and thereunder. This Amendment and each of the
documents executed and delivered in connection herewith and therewith have been duly and validly executed by the Credit Parties
(and the officer executing this Amendment and all such other documents for each Credit Party is duly authorized to act and execute
same on behalf of such Credit Party) and constitute the valid and legally binding agreements of the Credit Parties, enforceable
against the Credit Parties in accordance with their respective terms, except as such enforceability may be limited by general
principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating
to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

 

    	4

    	 

    

 

13.           Indemnification.
Each of the Credit Parties, jointly and severally, hereby indemnifies and holds the Lender Indemnitees, their successors and assigns,
and each of them, harmless from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, claims, costs, expenses and distributions of any kind or nature, payable by any of the Lender Indemnitees to any Person,
including reasonable attorneys’ and paralegals’ fees and expenses, court costs, settlement amounts, costs of investigation
and interest thereon from the time such amounts are due at the highest non-usurious rate of interest permitted by applicable law
(collectively, the “Claims”), through all negotiations, mediations, arbitrations, trial and appellate
levels, as a result of, or arising out of, or relating to any matters relating to this Amendment, the Credit Agreement or any
other Loan Documents, including the assertion of a claim or ruling by a Governmental Authority that documentary stamp tax, intangible
tax or any penalties or interest associated therewith must be paid by reason of the execution and delivery of the Credit Agreement
of any of the other Loan Documents. The foregoing indemnification obligations shall survive the termination of the Credit Agreement
or any of the Loan Documents and repayment of the Obligations.

 

14.           Waiver
and Release. Each of the Credit Parties hereby represents and warrants to Lender that none of them have any defenses, setoffs,
claims, counterclaims, cross-actions, equities, or any other Claims in favor of the Credit Parties, to or against the enforcement
of any of the Loan Documents, and to the extent any of the Credit Parties have any such defenses, setoffs, claims, counterclaims,
cross-actions, equities, or other Claims against Lender and/or against the enforceability of any of the Loan Documents, the Credit
Parties each acknowledge and agree that same are hereby fully and unconditionally waived by the Credit Parties. In addition to
the foregoing full and unconditional waiver, each of the Credit Parties does hereby release, waive, discharge, covenant not to
sue, acquit, satisfy and forever discharges each of the Lender Indemnitees and their respective successors and assigns, from any
and all Claims whatsoever, in law or in equity, whether known or unknown, whether suspected or unsuspected, whether fixed or contingent,
which the Credit Parties ever had, now have, or which any successor or assign of the Credit Parties hereafter can, shall, or may
have against any of the Lender Indemnitees or their successors and assigns, for, upon or by reason of any matter, cause or thing
whatsoever, from the beginning of the world through and including the date hereof, including, without limitation, any matter,
cause, or thing related to the Credit Agreement, this Amendment, or any other Loan Documents (collectively, the “Released
Claims”). Without in any manner limiting the generality of the foregoing waiver and release, Credit Parties hereby
agree and acknowledge that the Released Claims specifically include: (i) any and all Claims regarding or relating to the enforceability
of the Loan Documents as against any of the Credit Parties; (ii) any and all Claims regarding, relating to, or otherwise challenging
the governing law provisions of the Loan Documents; (iii) any and all Claims regarding or relating to the amount of principal,
interest, fees or other Obligations due from any of the Credit Parties to the Lender under any of the Loan Documents; (iv) any
and all Claims regarding or relating to Lender’s conduct or Lender’s failure to perform any of Lender’s covenants
or obligations under any of the Loan Documents; (v) any and all Claims regarding or relating to any delivery or failure to deliver
any notices by Lender to Credit Parties; (vi) any and all Claims regarding or relating to any failure by Lender to fund any advances
or other amounts under any of the Loan Documents; (vii) any and all Claims regarding or relating to any advisory services (or
the lack thereof) provided by Lender to any of the Credit Parties for which any advisory fees may be due and owing and included
within the Obligations; and (viii) any and all Claims based on grounds of public policy, unconscionability, or implied covenants
of fair dealing and good faith. The Credit Parties further expressly agree that the foregoing release and waiver agreement is
intended to be as broad and inclusive as permitted by the laws governing the Loan Documents, and the Released Claims include all
Claims that the Credit Parties do not know or suspect to exist, whether through ignorance, oversight, error, negligence, or otherwise,
and which, if known, would materially affect their decision to enter into this Amendment. The foregoing waiver and release agreements
by the Credit Parties are a material inducement for Lender to enter into this Amendment. In addition, each of the Credit Parties
agrees and acknowledges that it has had an opportunity to negotiate the terms and provisions of this Amendment, including the
foregoing waiver and release agreements, with and through their own competent counsel, and that each of the Credit Parties have
sufficient leverage and economic bargaining power, and have used such leverage and economic bargaining power, to fairly and fully
negotiate this Amendment, including the waiver and release agreements herein, in a manner that is acceptable to the Credit Parties.
The foregoing waiver and release agreements shall survive the termination of the Credit Agreement or any of the Loan Documents,
and repayment of the Obligations.

 

    	5

    	 

    

 

15.            Effect
on Agreement and Loan Documents. Except as expressly amended by this Amendment, all of the terms and provisions of the Credit
Agreement and the Loan Documents shall remain and continue in full force and effect after the execution of this Amendment, are
hereby ratified and confirmed, and incorporated herein by this reference.

 

16.            No
Waiver. Neither this Amendment, nor shall Lender’s agreement to make the Additional Advance, be deemed or construed
in any manner as a waiver by the Lender of any claims, Proceedings, defaults, Events of Default, breaches or misrepresentations
by the Credit Parties under the Credit Agreement, any other Loan Documents, or any of Lender’s rights or remedies in connection
therewith.

 

17.            Execution.
This Amendment may be executed in one or more counterparts, all of which taken together shall be deemed and considered one and
the same Amendment. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf”
format file or other similar format file, such signature shall be deemed an original for all purposes and shall create a valid
and binding obligation of the party executing same with the same force and effect as if such facsimile or “.pdf” signature
page was an original thereof.

 

18.            Fees
and Expenses.

 

(a)         
Due Diligence Fees. The Credit Parties agree to pay to the Lender a due diligence fee equal to Five Thousand Dollars ($5,000.00),
all of which shall be due and payable by the Credit Parties upon execution of this Amendment and withheld from the proceeds of
the Additional Advance made hereby.

 

(b)        
Asset Monitoring Fee. The Credit Parties agree to pay to the Lender an asset monitoring fee equal to Two Thousand Dollars
($2,000.00), all of which shall be due and payable by the Credit Parties upon execution of this Amendment and withheld from the
proceeds of the Additional Advance made hereby.

 

(c)         
Document Review and Legal Fees. The Credit Parties agree to pay to the Lender or its counsel a document review and legal
fee equal to Twelve Thousand Five Hundred Dollars ($12,500.00) for the preparation, negotiation, and execution of this Amendment
and all other documents in connection herewith, all of which shall be due and payable by the Credit Parties upon execution of
this Amendment and withheld from the proceeds of the Additional Advance made hereby.

 

(d)        
Transaction Fees. The Credit Parties agrees to pay to Lender a transaction advisory fee equal to two percent (2%) of the
amount of the Additional Advance made hereby, which fee shall be due and payable by the Credit Parties upon execution of this
Amendment and withheld from the proceeds of the Additional Advance made hereby.

 

    	6

    	 

    

 

19.           Additional
Agreements.

 

(a)       Reconfirmation
of Lock Box Deposits. Credit Parties hereby re-confirm their obligation to insure that all Receipts, and all other checks,
drafts, instruments and other items of payment or proceeds of Collateral at any time received, due, owing, payable, or paid to
Credit Parties from a Customer or otherwise, shall be deposited directly into the Lock Box Account, and in that regard, Credit
Parties hereby re-confirm that they have, prior to the date hereof, affirmatively directed and instructed all of their Customers
to make and re-direct all payments and remittances otherwise due to the Credit Parties directly to the Lock Box Account. To the
extent Credit Parties at any time receive any Receipts or other checks, drafts, instruments and other items of payment or proceeds
of Collateral to any of its accounts (and not the Lock Box Account), then Credit Parties shall notify Lender of the receipt of
such Receipts or other sums within twenty-four (24) hours of receipt of same, and immediately upon receipt thereof, remit or endorse
same to Lender into the Lock Box Account; provided, however, that any such re-direction shall not diminish or abrogate Credit
Parties’ obligation to direct, instruct and require all Customers and other Persons to make all payments and remittances
otherwise due to the Credit Parties directly to the Lock Box Account.

 

(b)       Reduction
of Reserve Amount. So long as no Event of Default exists under the Credit Agreement or any other Loan Documents, and provided
no event has occurred that, with the passage of time, or the giving of notice, or both, would constitute an Event of Default under
the Credit Agreement or any other Loan Documents, then Lender agrees that the Reserve Amount under the Credit Agreement shall
be reduced to ten percent (10%) of: (i) the then applicable Revolving Loan Commitment; less (ii) any portion of the Withheld Amount
not yet disbursed to Borrower.

 

(c)       Extended
Maturity Date. The Borrower and Lender hereby agree and acknowledge that the Revolving Loan Maturity Date has been extended
to the earlier of: (i) August 30, 2018; (ii) upon prepayment of the Revolving Note and all other Obligations by Borrower;
or (iii) the occurrence of an Event of Default and acceleration of the Revolving Note and all other Obligations pursuant to the
Credit Agreement and other Loan Documents.

 

(d)       Over-Advance.
Provided no Event of Default exists under the Credit Agreement or any other Loan Documents, and provided no event has occurred
that, with the passage of time, or the giving of notice, or both, would constitute an Event of Default under the Credit Agreement
or any other Loan Documents, then Lender hereby agrees that it shall not declare an Over-advance under the Credit Agreement for
a period of ninety (90) days after the Effective Date of this Amendment.

 

(e)       Advisory
Fees. The Advisory Fee under the Credit Agreement is hereby increased to Six Million and No/100 United States Dollars (US$6,000,000.00),
which Advisory Fee shall be paid in the manner set forth in the Credit Agreement.

 

[Signatures
on the following page]

 

    	7

    	 

    

 

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

 

	CREDIT
    PARTIES: 	 
	 	 	 
	TARSIER
    LTD., a Delaware corporation	 
	 	 	 
	By:	/s/
    Isaac     H. Sutton	 
	Name:	Isaac
    H. Sutton	 
	Title:	Chief
    Executive Officer	 

 

	TARSIER
    SYSTEMS, LTD., a New York corporation 	 
	 	 	 
	By:	/s/
    Isaac     H. Sutton	 
	Name:	Isaac
    H. Sutton	 
	Title:	Chief
    Executive Officer	 

 

	LENDER:	 
	 	 	 
	TCA GLOBAL CREDIT MASTER FUND,
    LP	 
	 	 	 
	By: 	TCA Global Credit Fund GP, Ltd.	 
	Its: 	General Partner	 
	 	 	 
	By:	/s/ Robert Press	 
	 	Robert Press, Director	 

 

    	8

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