Document:

Exhibit
10.1

 

 

PURCHASE
AND SALE AGREEMENT

 

THIS
PURCHASE AND SALE AGREEMENT (the “Agreement”) is made and entered into as of this 27th
day of July 2022 (the “Effective Date”) by and between the following parties:

 

	MCA
    WESTOVER HILLS OPERATING COMPANY, LLC	 	d/b/a
	Memory
    Care of Westover Hills	 	which
    is a
	Limited
    Liability Company	 	located
    at
	10910
    Town Center Drive San Antonio, TX 78251	 	(the
    “Seller”);

 

and,

 

ONE
RIVER FUNDING, LLC, a Florida limited liability company, located at 429 Lenox Avenue, Miami Beach, FL 33139 (the “Buyer”);

 

Seller
and Buyer are sometimes together referred to herein as the “Parties” and separately as a “Party”.

 

SUMMARY
OF KEY FINANCIAL TERMS

 

	Purchase
    Price:	 	$	95,000.00	 
	Purchased
    Amount:	 	$	141,550.00	 
	Purchase
    Percentage:	 	 	15	%
	Daily
    Retrieval:	 	$	1,559.00	 
	Transaction
    Setup Fee:	 	$	2,850.00	 
	Net
    Amount Received by Seller	 	$	92,150.00	 

 

THE
PARTIES ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THIS “SUMMARY OF KEY FINANCIAL TERMS” DOES NOT CONTAIN ALL OF THE TERMS AND
CONTIONS OF THIS AGREEMENT, AND THAT THERE MAY BE OTHER FINANCIAL TERMS CONTAINED WITHIN THIS AGREEMENT THAT ARE NOT CONTAINED WITHIN
THE “SUMMARY OF KEY FINANCIAL TERMS”. THE PARTIES FURTHER ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE CAPTION “SUMMARY
OF KEY FINANCIAL TERMS” SHALL BE IGNORED IN INTERPRETING AND CONSTRUING THIS AGREEMENT. 

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

	 	Seller’s
    Initial:  	

 

    	1

    	 

    

 

 

1.
DEFINITIONS & DEFINED TERMS. The Parties acknowledge, understand, and agree to the following defined terms and definitions:

 

a.
“Business Day” shall mean any day other than Saturday, Sunday, or a Legal Holiday.

 

b.
“Daily Retrieval” shall mean the fixed amount of money remitted by Seller to Buyer each and every Business Day until
Buyer has received the Purchased Amount in full pursuant to the terms and conditions of this Agreement. The Daily Retrieval is based
on the Purchase Percentage and Seller’s Average Monthly Sales. The Parties acknowledge, understand, and agree that the Daily Retrieval
shall be in the dollar amount shown in the “SUMMARY OF KEY FINANCIAL TERMS” on Page 1 of this Agreement. More than one Daily
Retrieval shall be known as “Daily Retrievals.” The dollar amount of the Daily Retrieval is subject to change pursuant to
the terms and conditions of this Agreement.

 

c.
“Future Receivables” shall mean any and all deposits and/or credits into Seller’s Bank Account including, but
not limited to: (i) cash deposits; (ii) check deposits; (iii) wire transfer of funds; (iii) ACH transfer of funds; (iv) monies received
from transactions involving credit cards, debit cards, bank cards, gift cards, and charge cards; (v) monies received from transactions
involving Cash App, Venmo, Zelle, OFX, Paypal, Square, TransferWise, WorldRemit, Facebook Pay, Apple Pay, Remitly, Google Pay, Samsung
Pay, Paytm, Azimo, Payoneer, Western Union, and/or any other application, website, and/or service used for the transfer of monies between
parties; and/or (vi) transactions involving any cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Cardano, Polkadot, Bitcoin Cash,
Stellar, Chainlink, Binance Coin, Tether, Monero, and/or any other cryptocurrency accepted by Seller.

 

d.
“Legal Holiday” shall mean any holiday listed in 5 U.S.C. §6103.

 

e.
“Purchased Amount” shall mean the monetary value of the Future Receivables being sold by Seller to Buyer. The Parties
acknowledge, understand, and agree that the Purchased Amount shall be in the dollar amount shown in the “SUMMARY OF KEY FINANCIAL
TERMS” on Page 1 of this Agreement.

 

f.
“Purchase Price” shall mean the dollar amount that Buyer is paying to Seller for the Purchased Amount of Future Receivables.
The Parties acknowledge, understand, and agree that the Purchase Price shall be in the dollar amount shown in the “SUMMARY OF KEY
FINANCIAL TERMS” on Page 1 of this Agreement.

 

g.
“Purchase Percentage” shall mean the average percentage of Future Receivables that Seller agrees to remit to Buyer
each and every Business Day until Buyer has received the Purchased Amount in full pursuant to the terms and conditions of this Agreement.
The Parties acknowledge, understand, and agree that the Purchase Percentage shall be the percentage shown in the “SUMMARY OF KEY
FINANCIAL TERMS” on Page 1 of this Agreement.

 

h.
“Seller’s Average Monthly Sales” shall mean Seller’s average monthly sales as represented and warranted
by Seller to Buyer.

 

i.
“Seller’s Bank Account” shall mean the bank account(s) that Seller designates as the bank account(s) from which
Buyer may obtain each and every Daily Retrieval and as listed on the “MERCHANT BANKING INFORMATION ADDENDUM”.

 

	 	Seller’s
    Initial:  	

 

    	2

    	 

    

 

 

j.
“Transaction Setup Fee” shall mean the non-refundable fee paid by Seller to Buyer for matters related to the creation
and maintenance of Seller’s account with Buyer including, but not necessarily limited to: (i) fees incurred in connection the filing,
submission, and/or recording of any UCC forms and statements; (ii) ACH setup fees; (iii) ACH maintenance fees; (iv) wire transfer fees;
(v) Buyer’s review of information and documentation provided by Seller to Buyer; (vi) Buyer’s risk assessment of Seller;
(vii) Buyer’s due diligence relating to this Agreement; and, (viii) any other related fees, costs, and expenses as determined by
Buyer, in Buyer’s sole and absolute discretion. The Parties acknowledge, understand, and agree that the Transaction Setup Fee shall
be in the dollar amount shown in the chart above on page 1. The Parties further acknowledge, understand, and agree that the Transaction
Setup Fee shall be deducted from the Purchase Price or debited from Seller’s Bank Account.

 

Capitalized
terms not otherwise defined herein, shall have the same meanings ascribed to them in the Uniform Commercial Code as adopted by the State
of Florida (“UCC”) and the Fee Structure Addendum as applicable.

 

2.
AGREEMENT TO BUY AND SELL. In consideration of the Purchase Price, after application of the Transaction Setup Fee, Seller
agrees to sell, transfer, and assign to Buyer the Purchased Amount of Future Receivables. Buyer agrees to purchase, accept, and assume
from Seller the Purchased Amount of Future Receivables for the Purchase Price. In order to effectuate Buyer’s purchase of the Purchased
Amount of Future Receivables, Seller agrees to remit the Daily Retrieval to Buyer each and every Business Day until Buyer has received
the Purchased Amount in full pursuant to the terms and conditions of this Agreement.

 

3.
COLLECTION OF DAILY RETRIEVAL. The Parties acknowledge, understand, and agree that Buyer may obtain the Daily Retrieval
from Seller using any of the following methods:

 

a.
Directly from Processor. If Buyer agrees to accept the remittance of the Daily Retrieval directly from a processing company, Seller
shall enter into an agreement with a processing company selected by Buyer, in Buyer’s sole and absolute discretion, for the processing
of the Daily Retrieval from Seller’s Bank Account to Buyer (the “Processor”). Seller shall authorize Processor
to deliver the Daily Retrieval directly to Buyer rather than to Seller. Seller’s authorization to Processor shall be irrevocable,
absolute, and unconditional. Seller hereby irrevocably grants Processor the right to hold the Daily Retrieval and remit to Buyer directly
(at, before, or after the time Processor credits or remits to Seller the balance of the Future Receivables not sold by Seller to Buyer).
Seller acknowledges, understands, and agrees that Processor may provide Buyer with Seller’s payment device processing history,
including, without limitation, Seller’s chargeback experience and any communications about Seller received by Processor from a
card processing system and/or processing company. Seller acknowledges that Buyer does not have any power or authority to control Processor’s
actions with respect to the authorization, clearing, settlement and other processing of transactions and that Buyer is not responsible
for Processor’s actions. Seller agrees to hold Buyer harmless for any and all of Processor’s actions or omissions. Before
5:00 P.M. EST of the day following each day that Seller conducts business, Seller shall cause Processor or Processor’s agent to
deliver to Buyer, in a format acceptable to Buyer, a record from Processor reflecting the total gross dollar amount of the preceding
day’s debit and credit card transactions processed by Seller, irrespective of whether such amount consists of sales, taxes or other
amounts collected by Seller from its customers (hereafter “Daily Batch Amount”). In the event that Seller is unable
to procure Processor’s compliance in a timely manner or as otherwise required under this section, within two (2) Business Days’
written notice from Buyer to Seller of the same, Seller shall, at its sole expense, terminate its relationship with Processor and exclusively
engage the services of an alternative processing company selected by Buyer, in Buyer’s sole and absolute discretion. Any alternative
processing company used by Seller shall thereafter be referred to and included within the meaning of “Processor” herein.

 

	 	Seller’s
    Initial:  	

 

    	3

    	 

    

 

 

b.
Debiting Seller’s Bank Account. If Buyer agrees to accept the remittance of the Daily Retrieval by debiting Seller’s
Bank Account, Seller irrevocably authorizes Buyer or its designated successor or assignee to withdraw the Daily Retrieval by (i) initiating
a debit via the Automated Clearing House (ACH) system; and/or (ii) any other means deemed appropriate to Buyer, in Buyer’s sole
and absolute discretion, to debit entries from Seller’s Bank Account and transfer such funds to Buyer. In the event of an erroneous
withdraw from Seller’s Bank Account to Buyer, Seller expressly authorizes Buyer to credit Seller’s Bank Account for the amount
erroneously withdrawn. Seller acknowledges, understands, and agrees that Buyer shall not be required to credit Seller’s Bank Account
for amounts withdrawn related to transactions which are subsequently reversed, challenged, and/or disputed for any reason. Buyer, in
its sole and absolute discretion, may elect to offset any such amount from collections from Future Receivables.

 

c.
Debiting an Approved Account. If Buyer agrees to accept the remittance of the Daily Retrieval by debiting a bank account established
by Seller that is approved by Buyer (an “Approved Account”), Seller agrees to complete all necessary forms to establish
the Approved Account. Seller acknowledges and agrees that any funds deposited into the Approved Account by Processor will remain in the
Approved Account until the Daily Retrieval is withdrawn by Buyer, and only then may the remaining funds, minus any amount required to
maintain the minimum balance for the Approved Account, will be forwarded to Seller’s Bank Account. If the Approved Account requires
a minimum account balance, Buyer may, in Buyer’s sole and absolute discretion, fund the required minimum balance for the Approved
Account and obtain reimbursement from Seller. Buyer is not required to provide notice to Seller prior to the assessment of any of the
fees and charges set forth in this Agreement or any of the fees and charges set forth in the Fee Structure Addendum. In addition, Buyer
may upon prior notice to Seller change any of the fees or charges under this Agreement and/or under the Fee Structure Addendum.

 

SELLER
SHALL PERFORM ALL ACTIONS DEEMED NECESSARY BY BUYER, IN BUYER’S SOLE AND ABSOLUTE DISCRETION, TO PERMIT BUYER TO OBTAIN THE DAILY
RETRIEVAL, INCLUDING SELLER EXECUTING AGREEMENTS WITH THIRD PARTIES FOR THE PROCESSING AND DELIVERY OF THE DAILY RETRIEVAL TO BUYER.
SELLER ACKNOWLEDGES, UNDERSTANDS, AND AGREES THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR BUYER ENTERING INTO THIS AGREEMENT.

 

4.
POWER OF ATTORNEY. Seller irrevocably appoints Buyer as its agent and attorney-in- fact with full authority to take any
action or execute any instrument or document to settle all obligations due to Seller from any bank or Processor, or in the event of a
Default (as defined in this Agreement), to Buyer under this Agreement, including without limitation (i) to obtain and adjust insurance;
(ii) to collect monies due or to become due under or in respect of any of the Purchased Amount; (iii) to receive, endorse, and collect
any checks, notes, drafts, instruments, documents or chattel paper; (iv) to sign Seller’s name on any invoice, bill of lading,
or assignment directing customers or account debtors to make payment directly to Buyer; (iv) to file any claims, take any action, or
institute any proceeding, all at Seller’s sole cost and expense, that Buyer may deem necessary in Buyer’s sole and absolute
discretion; and, (v) Buyer shall have the right, without waiving any of its rights and remedies and without notice to Seller or any Guarantor
(as defined in this Agreement), to notify any credit card processor, any customer or client of Seller, or any third party that may owe
Seller monies, of the sale of the Purchased Amount of Future Receivables and redirect the remittance of daily settlements to an account
of Buyer’s choosing in order to settle all obligations due to Buyer under this Agreement.

 

5.
SELLER’S REPRESENTATIONS, WARRANTIESM AND COVENANTS. Seller represents, warrants, and covenants to the following
as of this date, and at all times during the course of this Agreement:

 

	 	Seller’s
    Initial:  	

 

    	4

    	 

    

 

 

a.
Seller is a business that regularly accepts payments from credit cards, debit cards, bank cards, gift cards, and charge cards as a means
by which its customers pay Seller for amounts due whether for goods sold, services rendered, or in satisfaction of other amounts owed.

 

b.
Seller shall not take any action to discourage the use of credit cards, debit cards, bank cards, gift cards, and charge cards which are
settled though Processor or to permit any event to occur which could have an adverse effect on the use, acceptance, or authorization
of credit cards, debit cards, bank cards, gift cards, and charge cards for the purchase of Seller’s services and products.

 

c.
Seller is financially solvent (i.e. the assets that Seller owns exceed the value of Seller’s liabilities and Seller is able to
pay its obligations as they come due) as of the date of this Agreement. Seller fully anticipates that Seller will remain solvent

 

d.
Seller acknowledges that this is not a loan and agrees that it will not enter into any agreement with a third party that offers debt
restructuring, debt settlement, debt management, debt balance reduction, creditor reduction, creditor negotiation, financial mitigation,
or other similar services, as they are not applicable to this Agreement.

 

e.
Seller shall use the Purchase Price paid by Buyer for the Purchased Amount of Future Receivables solely for business purposes in the
ordinary course of Seller’s business and will not use any of the Purchase Price paid by Buyer for personal, household, family,
or consumer purposes.

 

f.
Any and all payment processing terminals and/or point of sale systems shall be approved by Buyer and programmed to process only through
Processor.

 

g.
Seller shall not change or close Seller’s Bank Account, the Approved Account, or credit card processor through which the major
credit cards are settled from Processor to another credit card processor, cease or change its payment instruction or other arrangements
with Processor or to permit any event to occur that could cause a diversion of any of Seller’s credit and/or debit card transactions
to another processing company without Buyer’s prior written consent, which may be withheld, denied, and/or conditioned in Buyer’s
sole and absolute discretion. In the event that Seller changes its Buyer-approved Processor without Buyer’s written consent, Seller
shall, in addition to paying any other damages suffered by Buyer, pay to Buyer the Blocked Account Fee set forth in the Fee Structure
Addendum as liquidated damages, as it will be impracticable or extremely difficult to determine the resulting damages suffered by Buyer.

 

h.
All financial records, statements, books and records, ledgers, and all other documents that Seller has shown to Buyer, and all facts
contained within such documents, either before or after the execution of this Agreement, are true and accurate.

 

i.
Seller has not entered into any other agreement for the sale of Future Receivables and/or cash advance agreements except as disclosed
to Buyer in writing prior to the execution of this Agreement.

 

j.
Seller has not and shall not enter into any other agreement for the sale of Future Receivables and/or cash advance agreements without
Buyer’s advance written consent, which may be withheld, denied, and/or conditioned in Buyer’s sole and absolute discretion.

 

k.
Seller has not accepted and shall not accept any cash advances absent Buyer’s advance written consent, which may be withheld, denied,
and/or conditioned in Buyer’s sole and absolute discretion.

 

	 	Seller’s
    Initial:  	

 

    	5

    	 

    

 

 

l.
Seller has not entered into any financing or factoring agreement, except as disclosed to Buyer in writing prior to the execution of this
Agreement.

 

m.
Seller shall not enter into any financing or factoring agreement without Buyer’s advance written consent, which may be withheld,
denied, and/or conditioned in Buyer’s sole and absolute discretion.

 

n.
Seller has not granted a security interest in any of its Future Receivables to any third party except as disclosed to Buyer in writing
prior to the execution of this Agreement.

 

o.
Seller shall not grant a security interest in any of its Future Receivables without Buyer’s advance written consent, which may
be withheld, denied, and/or conditioned in Buyer’s sole and absolute discretion.

 

p.
Seller shall not sell, dispose, convey, assign, pledge, hypothecate, transfer, or otherwise encumber all or any portion of Seller’s
business, Seller’s Future Receivables, and/or Seller’s assets without the prior written consent of Buyer which may be withheld,
denied, and/or conditioned in Buyer’s sole and absolute discretion.

 

q.
In the event that Seller’s Bank Account does not have adequate funds available to cover the Daily Retrieval to be delivered to
Buyer, Seller must provide advance written notice to Buyer. If any attempted ACH debit is rejected because the account is considered
to have Non-Sufficient Funds (hereafter “NSF”) then Buyer will assess the NSF Fee set forth in the Fee Structure Addendum
per each occurrence, to be automatically debited from Seller’s Bank Account.

 

r.
Seller shall not attempt to revoke its ACH authorization to Buyer set forth in this Agreement or otherwise take any measure to interfere
with Buyer’s ability to collect the Daily Retrieval or any other monies that Buyer is otherwise entitled to receive pursuant to
this Agreement.

 

s.
Seller’s Bank Account is used for business purposes only and not for any personal, family, or household matters.

 

t.
Seller shall not close Seller’s Bank Account or the Approved Account (or change the bank account into which Processor deposits
the Future Receivables) to another account without Buyer’s prior written consent, which may be withheld, denied, and/or conditioned
in Buyer’s sole and absolute discretion. In the event that Seller changes Seller’s Bank Account or the Approved Account without
Buyer’s prior written consent, Seller shall, in addition to paying any other damages suffered by Buyer, pay to Buyer the Blocked
Account Fee as liquidated damages, as it will be impracticable or extremely difficult to determine the resulting damages suffered by
Buyer.

 

u.
Seller is not a party to any lawsuit and is not aware of any claims, actions, proceedings, and/or circumstances that would cause any
of the Purchased Amount to not be fully collectible.

 

v.
There are no judgments or liens against Seller.

 

w.
Seller shall not conduct its businesses under any name other than as disclosed to Buyer, or change any of its places of business, or
change the type of business it conducts without Buyer’s prior written consent which may be withheld, denied, and/or conditioned
in Buyer’s sole and absolute discretion.

 

	 	Seller’s
    Initial:  	

 

    	6

    	 

    

 

 

x.
All information Seller furnished to Buyer in this Agreement and any application, including, without limitation, Seller’s processing
statements, is true and accurate in all respects and represents the true financial condition, result of operations, and cash flows of
Seller at such dates.

 

y.
There have not been any material adverse changes in Seller’s business, its prospects, or in Seller’s financial condition,
results of operations, or cash flows.

 

z.
Seller has not commenced any case or proceeding seeking protection under any bankruptcy or insolvency law or had any such case or proceeding
commenced against Seller.

 

aa.
Seller is not contemplating commencing any case seeking protection under any bankruptcy or insolvency law.

 

bb.
Seller has not consulted with a bankruptcy attorney in the last twelve (12) months.

 

cc.
Seller is not contemplating closing Seller’s business.

 

dd.
Seller does not intend to temporarily close its business for renovations or other reasons during the next eighteen (18) months.

 

ee.
Seller has paid, and will continue to pay, all necessary local, state, and federal taxes and fees.

 

ff.
Seller is not in default of any agreement with any creditor with which it established a relationship prior to the execution of this Agreement,
nor has Seller entered into any forbearance agreement with a creditor unless it has been previously disclosed to Buyer, and to which
Buyer consented in writing.

 

gg.
Seller will (i) conduct its business consistent with past practice; (ii) not incur any debt over $1,000.00 without Buyer’s prior
written consent which may be withheld, denied, and/or conditioned in Buyer’s sole and absolute discretion; (iii) not commit fraud;
(iv) not make materially false statements; and, (v) not withhold information from Buyer necessary for the effective consummation for
the transactions contemplated in this Agreement.

 

hh.
Seller has the authority to execute this Agreement and to perform its obligations hereunder.

 

ii.
The execution of this Agreement does not conflict with and is not in violation of any of Seller’s governing documents, any other
agreement to which Seller is a party, or any other matters by which Seller is bound and/or regulated, including, but not limited to,
articles of organization, by-laws, rules and regulations, charter, any contracts, policy statements, handbooks, wills, trusts, other
testamentary instruments, and/or orders of Court.

 

jj.
Seller shall not take any action to block Buyer’s access Seller’s Bank Account and/or the Approved Account. Seller must provide
updated login information for Seller’s Bank Account and/or the Approved Account within twenty-four (24) hours of any login change.

 

kk.
The Future Receivables are owned solely by Seller and are not assigned, conveyed, or encumbered except for the sale to Buyer as provided
for in this Agreement.

 

ll.
Seller acknowledges adequacy and sufficiency of the Purchase Price as consideration for the Purchased Amount of Future Receivables.

 

	 	Seller’s
    Initial:  	

 

    	7

    	 

    

 

 

mm.
Neither Seller, its constituents or affiliates, nor any of their respective agents, is in violation of any law relating to terrorism
or money laundering, including, but not limited to, Executive Order No. 13224 on Terrorist Financing, the U.S. Bank Secrecy Act, as amended
by the Patriot Act, the Trading with the Enemy Act, the International Emergency Economic Powers Act and all regulations promulgated thereunder,
all as amended from time to time.

 

nn.
Seller possesses and is in compliance with all permits, licenses, approvals, consents and other authorizations necessary to conduct its
business.

 

oo.
Seller is in compliance with any and all applicable federal, state, and local laws, rule, and regulations.

 

pp.
Seller possesses all requisite permits, authorizations, and licenses to own, operate and conduct the business in which it is presently
engaged.

 

qq.
Sell shall maintain insurance in such amounts and against such risks as are consistent with past practice and shall show proof of insurance
to Buyer upon Buyer’s request.

 

rr.
Seller understands that: (i) the foregoing representations, warranties, and covenants of Seller are a fundamental condition to induce
Buyer to enter into this Agreement; (ii) Buyer is relying on these representations, warranties, and covenants of Seller in entering into
this Agreement; and, (iii) Buyer would not make any payment of any Purchase Price to Seller hereunder if any of the foregoing representations,
warranties, and covenants were not accurate and truthful, including, without limitation, that the proceeds are or were to be used for
anything other than for business purposes of Seller in the ordinary course of Seller’s business.

 

6.
NO AGENCY RELATIONSHIP CREATED. Unless otherwise disclosed, Buyer is an entirely separate and independent entity from Processor
and Processor’s agents. Processor is not authorized to waive or alter any term or condition of this Agreement and any representations
and/or statements made by Processor shall in no way affect the Parties’ rights and obligations set forth herein.

 

7.
NOT A LOAN. THE PARTIES ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE TRANSACTIONS MEMORIALIZED IN THIS AGREEMENT ARE FOR
THE PURCHASE AND SALE OF THE PURCHASED AMOUNT OF SELLER’S FUTURE RECEIVABLES. THE TRANSACTIONS MEMORIALIZED IN THIS AGREEMENT ARE
NOT INTENDED TO BE A LOAN, NOR SHALL THEY BE CONSTRUED AS A LOAN OR AN ASSIGNMENT FOR SECURITY FROM BUYER TO SELLER. SELLER ACKNOWLEDGES,
UNDERSTANDS, AND AGREES THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR BUYER ENTERING INTO THIS AGREEMENT. SELLER ACKNOWLEDGES THAT
IT HAS NO RIGHT TO REPURCHASE THE PURCHASED AMOUNT FROM BUYER. THE PARTIES ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT NONE OF THE PARTIES
TO THIS AGREEMENT AND NO GUARANTORS OF THIS AGREEMENT ARE A “CONSUMER” WITH RESPECT TO THIS AGREEMENT AND THE UNDERLYING
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AND NEITHER THIS AGREEMENT NOR ANY GUARANTEE THEREOF SHALL BE CONSTRUED AS A CONSUMER TRANSACTION.

 

	 	Seller’s
    Initial:  	

 

    	8

    	 

    

 

 

8.
SELLER’S RIGHT TO MONTHLY RECONILIATION. In the event the monthly total of Daily Retrievals received by Buyer in
the previous month exceeds the amount Buyer should have received based on the Purchase Percentage, Seller shall have the right to request
a reconciliation from Buyer (a “Reconciliation Request”). Seller acknowledges, understands, and agrees that a Reconciliation
Request is not automatic, and that Seller must make each Reconciliation Request in writing to Buyer within three (3) Business Days of
the last day of the month for which Seller is requesting a reconciliation. Seller acknowledges, understands, and agrees that a Reconciliation
Request is expressly waived if not made in writing to Buyer within three (3) Business Days of the last day of the month for which Seller
is requesting a reconciliation. Upon receipt of a timely received Reconciliation Request, Buyer, in Buyer’s sole and absolute discretion,
shall have thirty (30) days to either (i) adjust the Daily Retrievals moving forward to reflect Seller’s actual deposits of Future
Receivables during such time period; or, (ii) refund Seller any amount debited from the month that exceeded the Purchase Percentage.

 

9.
BUYER’S RIGHT TO REQUEST INFORMATION AND
CHANGES TO THE DAILY RETRIEVAL. At any time, Buyer may require Seller to provide any information and documents that Buyer deems
necessary, in Buyer’s sole and absolute discretion, to evaluate whether the Daily Retrieval should be adjusted. Seller’s
failure to provide the information and documents requested by Buyer within three (3) Business Days shall constitute a Default of this
Agreement. Seller acknowledges, understands, and agrees that Seller’s failure to provide the information and documents requested
by Buyer within three (3) Business Days shall permit Buyer the absolute right to adjust the Daily Retrieval to the dollar amount shown
in the “SUMMARY OF KEY FINANCIAL TERMS” on Page 1 of this Agreement.

 

10.
RIGHT OF FIRST REFUSAL. Seller hereby grants to Buyer an irrevocable right of first refusal to purchase any of Seller’s
additional Future Receivables that Seller desires to sell (the “ROFR”). In the event Seller desires to sell any additional
Future Receivables at any time following the Effective Date, Seller shall notify Buyer in writing setting forth all material economic
terms of such transaction (the “Offer Notice”). After receipt of the Offer Notice, Buyer shall have a period of ten
(10) days from the date of receipt of the Offer Notice within which to notify Seller in writing of its election to purchase the additional
Future Receivables offered for sale by Seller in the Offer Notice (the “Buyer’s Notice”). In the event Buyer
fails to timely deliver the Buyer’s Notice to Seller, Buyer shall be deemed to have waived Buyer’s rights with respect to
the purchase of the additional Future Receivables contained in the Offer Notice, and Seller may thereupon proceed with the sale of the
additional Future Receivables on terms no more favorable to a prospective buyer than set forth in the Offer Notice. In the event Buyer
timely provides Seller with the Buyer’s Notice, the Parties shall consummate the sale of the additional Future Receivables set
forth in the Offer Notice within ten (10) days after the Buyer’s Notice or at such other time as the Parties may mutually agree.
The ROFR shall terminate two (2) years after the Effective Date. Seller acknowledges, understands, and agrees that Buyer, in Buyer’s
sole and absolute discretion, may record a memorandum in the Public Records of any county in the United States confirming Buyer’s
ROFR to any of Seller’s additional Future Receivables.

 

11.
UPDATED CREDIT REPORTS. Seller and any Guarantor to this Agreement expressly authorize Buyer, Buyer’s agents, Buyer’s
representatives, any credit reporting agency engaged by Buyer, any due diligence service engaged by Buyer, and any collections service
engaged by Buyer to (i) investigate, review, and analyze any references given by Seller to Buyer; (ii) investigate, review, and analyze
any information and documents supplied by Seller to Buyer; (iii) obtain consumer and business credit reports on Seller and any of Seller’s
owners, directors, affiliates, related entities, and/or subsidiaries; (iii) obtain consumer and business credit reports on any Guarantor
to this Agreement and any of Guarantor’s owners, directors, affiliates, related entities, and/or subsidiaries; and, (v) to contact
personal and business references provided to Buyer by Seller and/or any Guarantor to this Agreement at any time until Buyer has received
the Purchased Amount in full or for Buyer’s ability to determine Seller’s eligibility to enter into any future agreement
with Buyer.

 

	 	Seller’s
    Initial:  	

 

    	9

    	 

    

 

 

12.
ACKNOWLEDGMENT OF SECURITY INTEREST AND SECURITY AGREEMENT. The sale of Future Receivables by Seller to Buyer pursuant
to this Agreement are “accounts”, “general intangibles”, or “payment intangibles” as those terms
are defined in the UCC and such sale shall constitute and shall be construed and treated for all purposes as a true and complete sale,
conveying good title to the Future Receivables free and clear of any liens and encumbrances, from Seller to Buyer. To the extent the
Future Receivables are “accounts” or “payment intangibles” then (i) the sale of the Future Receivables creates
a security interest as defined in the UCC, (ii) this Agreement constitutes a “security agreement” under the UCC, and (iii)
Buyer has all the rights of a secured party under the UCC with respect to such Future Receivables. Seller further agrees that Buyer,
in Buyer’s sole and absolute discretion, may notify account debtors, or other persons and/or entities obligated on the Future Receivables,
of Seller’s sale of the Future Receivables and may instruct them to make payment or otherwise render performance to or for the
benefit of Buyer.

 

13.
UCC FORMS AND STATEMENTS. Seller expressly authorizes Buyer to file, submit, and/or record any UCC forms and statements
that Buyer deems necessary, in Buyer’s sole and absolute discretion, in connection with this Agreement including, but not limited
to, UCC-1 forms and UCC-3 forms. Seller acknowledges, understands, and agrees that any UCC forms and statements may state that (i) the
transactions contemplated by this Agreement are intended to be a sale and not an assignment for security; (ii) Seller is prohibited from
obtaining any financing that impairs the value of the Future Receivables or Buyer’s right to collect same. Seller expressly authorizes
Buyer to debit Seller’s Bank Account for all costs, fees, and expenses incurred by Buyer associated with the filing, submission,
and/or recording of any UCC forms and statements.

 

14.
SHARING OF INFORMATION. Seller expressly authorizes Buyer to share information regarding Seller’s performance under
this Agreement with any affiliates and unaffiliated third parties.

 

15.
INDEMNIFICATION. Seller shall indemnify and hold harmless Processor, Buyer, and their officers, directors, principals,
partners, members, employees, agents, representatives, and affiliates (each being an “Indemnified Party”) from and
against any and all losses, claims, actions, damages, and liabilities, joint or several, to which such Indemnified Party may become subject
under any applicable federal or state law, made by any third party or otherwise (including, without limitation, any customer or client
of Seller), relating to or in connection with this Agreement, the collection of any Future Receivables, the collection of any Daily Retrieval,
the rejection or revocation of merchandise or disputes with respect to any services of every kind and nature by any customer or client
of Seller and the performance by such Indemnified Party under this Agreement, and Seller will reimburse any Indemnified Party for all
reasonable costs, fees, and expenses (including, but not limited to, (a) costs of collection; (b) witness fees; (c) expert fees; (d)
consultant fees; (e) attorney, paralegal, and legal assistant fees, costs, and expenses; and, (f) other professional fees, costs, and
expenses) as they are incurred in connection with the investigation of, preparation for, or defense of any pending or threatening claim,
or any action or proceeding arising therefrom, whether or not such Indemnified Party is a party thereto. The provisions of this paragraph
shall survive the termination of this Agreement.

 

16.
NOTICES FROM BUYER TO SELLER. Buyer may send any notices, disclosures, terms and conditions, other documents, communications,
and any future changes to Seller by regular mail or by e-mail, at Buyer’s option and Seller consents to such electronic delivery.
Notices sent by e-mail are effective when sent. Notices sent by regular mail become effective three (3) days after mailing to Seller’s
address set forth in this Agreement.

 

17.
NOTICES FROM SELLER TO BUYER. Seller may send any notices to Buyer by e-mail only upon the prior written consent of Buyer,
which consent may be withheld, denied, and/or conditioned in Buyer’s sole and absolute discretion. Otherwise, any notices or other
communications from Seller to Buyer must be delivered by certified mail, return receipt requested, to Buyer’s address at One River
Funding, LLC, 429 Lenox Avenue, Miami Beach, FL 33139. Notices sent to Buyer shall become effective only upon receipt by Buyer.

 

	 	Seller’s
    Initial:  	

 

    	10

    	 

    

 

 

18.
BINDING EFFECT; ASSIGNMENT. This Agreement shall be binding upon and inure to the benefit of Seller, Buyer, and their respective
successors and assigns, except that Seller shall not have the right to assign its rights, interests, or obligations hereunder without
the prior written consent of Buyer, which consent may be withheld, denied, and/or conditioned in Buyer’s sole and absolute discretion.
Buyer may assign this Agreement without notice to Seller.

 

19.
CANCELLATION. The obligation of Buyer under this Agreement will not be effective unless and until Buyer has completed its
review of Seller and has accepted this Agreement by delivering the Purchase Price, minus the Transaction Setup Fee. Prior to accepting
this Agreement, Buyer may conduct a processing trial to confirm its access to Seller’s Bank Account. If the processing trial is
not completed to the satisfaction of Buyer, Buyer will refund to Seller all funds that were obtained by Buyer during the processing trial.
If Seller cancels this Agreement prior to Buyer delivering the Purchase Price, Seller will be charged the Cancellation Fee set forth
on the Fee Structure Addendum and the Cancellation Fee will be debited via ACH from Seller’s Bank Account. Seller will also be
charged the Cancellation Fee if Buyer cancels the Agreement due to any misrepresentation, false statement, and/or fraud by Seller.

 

20.
AUTHORIZATION TO CONTACT SELLER BY PHONE. Seller expressly authorizes Buyer and Buyer’s officers, directors, principals,
partners, members, employees, agents, representatives, and affiliates to contact Seller (i) at any telephone number that Seller provides
to Buyer; (ii) at any telephone number from which Seller places a call to Buyer; (iii) at any telephone number where Buyer believes it
may reach Seller using any means of communication, including, but not limited to, calls or text messages to mobile, cellular, wireless,
or other similar devices; and/or, (iv) via calls or text messages using an automated telephone dialing system, artificial voices, and/or
prerecorded messages, even if Seller incurs charges for receiving such communications.

 

21.
AUTHORIZATION TO CONTACT SELLER BY OTHER MEANS. Seller agrees that Buyer and Buyer’s officers, directors, principals,
partners, members, employees, agents, representatives, and affiliates may use any other medium not prohibited by law to contact Seller
including, but not limited to, mail, e-mail, and facsimile. Seller expressly consents to conduct business by electronic means.

 

22.
TIME OF THE ESSENCE. Time is of the essence of this Agreement. Wherever the time for performance falls upon a Saturday,
Sunday, or Legal Holiday, such time for performance shall be extended to the next Business Day.

 

23.
GENERAL TERMS. This Agreement, including any written extrinsic documents referred to herein, is the entire agreement of
the Parties, and there are no other representations, understandings, stipulations, agreements, warranties, or promises (express or implied,
oral or written) between the Parties with respect to the subject matter of this Agreement. No custom or practice which may evolve between
the Parties in the administration of the terms of this Agreement shall waive or diminish the right of any Party to insist upon the strict
performance of this Agreement. Without the express written consent of all Parties, no third-party shall be deemed a third-party beneficiary
to this Agreement. This Agreement may not be altered, amended, changed, or extended except by a written instrument signed by the Parties.
Whenever the context of this Agreement so requires or admits, words used in the neuter gender include the masculine and feminine; and
the singular includes the plural and the plural the singular. If any provision of this Agreement shall be declared invalid, illegal,
and/or unenforceable, the remainder of this Agreement shall continue in full force and effect. The captions at the beginning of the several
paragraphs of this Agreement shall be ignored in interpreting and construing this Agreement. This Agreement may be executed in multiple
counterparts, each of which shall constitute an original, but all of which taken together shall constitute one and the same.

 

	 	Seller’s
    Initial:  	

 

    	11

    	 

    

 

 

24.
AGREEMENT CONSTRUCTION / NO DURESS. The Parties acknowledge that this Agreement was prepared after substantial negotiations
between the Parties. This Agreement shall not be interpreted against either Party solely because such Party or its counsel drafted the
Agreement. The Parties represent and warrant that the Parties have been represented in the signing of this Agreement by independent legal
counsel or have had the opportunity to seek and be represented by independent legal counsel selected of their own free will. Additionally,
the Parties each acknowledge, understand, and agree that they each entered into this Agreement of their own free will and not under duress,
fraud, undue influence, or in any other manner that would impede or hinder a Party’s free ability to negotiate and/or agree to
this Agreement.

 

25.
CLASS ACTION WAIVER. THE PARTIES ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE AMOUNT AT ISSUE IN THIS AGREEMENT AND ANY
DISPUTES THAT ARISE BETWEEN THE PARTIES ARE LARGE ENOUGH TO JUSTIFY DISPUTE RESOLUTION ON AN INDIVIDUAL BASIS. EACH PARTY HERETO WAIVES
ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE
SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE EXTENT EITHER PARTY IS PERMITTED BY
LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES AGREE THAT: (I) THE PREVAILING PARTY
SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT WITHSTANDING
ANY OTHER PROVISION IN THIS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM
OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.

 

26.
LIMITATION OF LIABILITY. IN NO EVENT WILL BUYER BE LIABLE FOR ANY CLAIMS ASSERTED BY SELLER FOR LOST PROFITS, LOST REVENUES,
LOST BUSINESS OPPORTUNITIES, EXEMPLARY DAMAGES, PUNITIVE DAMAGES, SPECIAL DAMAGES, INCIDENTAL DAMAGES, INDIRECT DAMAGES, OR CONSEQUENTIAL
DAMAGES. TO THE FULLEST EXTENT PERMITTED BY LAW, SELLER EXPRESSLY WAIVES AND DISCLAIMS ANY AND ALL CLAIMS AGAINST BUYER FOR LOST PROFITS,
LOST REVENUES, LOST BUSINESS OPPORTUNITIES, EXEMPLARY DAMAGES, PUNITIVE DAMAGES, SPECIAL DAMAGES, INCIDENTAL DAMAGES, INDIRECT DAMAGES,
OR CONSEQUENTIAL DAMAGES. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS AGREEMENT.

 

27.
ATTORNEYS’ FEES AND COSTS. IN THE EVENT OF ANY DISPUTE HEREUNDER OR OF ANY ACTION TO INTERPRET OR ENFORCE THIS AGREEMENT,
ANY PROVISION HEREOF OR ANY MATTER ARISING HEREFROM, THE PREVAILING PARTY SHALL BE ENTITLED TO RECOVER ITS REASONABLE COSTS, FEES, AND
EXPENSES, INCLUDING, BUT NOT LIMITED TO, (A) COSTS OF COLLECTION; (B) WITNESS FEES; (C) EXPERT FEES; (D) CONSULTANT FEES; (E) ATTORNEY,
PARALEGAL, AND LEGAL ASSISTANT FEES, COSTS, AND EXPENSES; AND, (F) OTHER PROFESSIONAL FEES, COSTS, AND EXPENSES WHETHER SUIT BE BROUGHT
OR NOT, AND WHETHER IN SETTLEMENT, IN ANY DECLARATORY ACTION, AT TRIAL, OR ON APPEAL. THIS PROVISION SHALL SURVIVE TERMINATION OF THIS
AGREEMENT.

 

	 	Seller’s
    Initial:  	

 

    	12

    	 

    

 

 

28.
GOVERNING LAW, JURISDICTION, AND VENUE.THIS AGREEMENT SHALL BE GOVERNED, CONSTRUED, ENFORCED, AND INTERPRETED UNDER THE
LAWS OF THE STATE OF FLORIDA. VENUE AND JURISDICTION FOR ANY ACTION OR PROCEEDING ARISING OUT OF THIS AGREEMENT SHALL LIE EXCLUSIVELY
IN THE STATE COURTS IN AND FOR MIAMI-DADE COUNTY, FLORIDA. THE PARTIES ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE AFOREMENTIONED CHOICE
OF VENUE IS TO BE CONSIDERED MANDATORY AND NOT PERMISSIVE IN NATURE, THEREBY PRECLUDING THE POSSIBILITY OF LITIGATION IN ANY JURISDICTION
OTHER THAN THAT SPECIFIED IN THIS PROVISION. SELLER HEREBY EXPRESSLY WAIVES ANY RIGHT SELLER MAY HAVE TO ASSERT THE DOCTRINE OF FORUM
NON- CONVENIENS OR TO OBJECT TO VENUE. SELLER EXPRESSLY CONSENTS TO THE PERSONAL JURISDICTION OF THE COURTS IN AND FOR MIAMI-DADE COUNTY,
FLORIDA. SELLER EXPRESSLY WAIVES ANY CHALLENGES TO THE PERSONAL JURISDICTION OF THE COURTS IN AND FOR MIAMI-DADE COUNTY, FLORIDA. TO
THE EXTENT PERMITTED BY LAW, SERVICE OF PROCESS SUFFICIENT FOR PERSONAL JURISDICTION IN ANY ACTION AGAINST SELLER MAY BE MADE BY REGISTERED
OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO SELLER’S ADDRESS INDICATED ON THE FIRST PAGE OF THE AGREEMENT.

 

29.
DEFAULT. A BREACH OF ANY REPRESENTATION, WARRANTY, TERM, CONDITION, PROVISION, AND/OR COVENANT CONTAINED WITHIN THIS AGREEMENT
CONSTITUTES A MATERIAL BREACH OF THIS AGREEMENT AND AN EVENT OF DEFAULT (A “DEFAULT”). IN THE EVENT OF A DEFAULT OF
THIS AGREEMENT, EACH PARTY SHALL BE PERMITTED TO PURSUE ANY AND ALL REMEDIES AT LAW OR IN EQUITY. UPON THE OCCURRENCE OF ANY PAYMENT
DEFAULT HEREUNDER, BUYER SHALL BE ENTITLED TO CHARGE AND SELLER SHALL PAY THE DEFAULT FEE SET FORTH ON THE FEE STRUCTURE ADDENDUM AS
LIQUIDATED DAMAGES.

 

30.
IRREPARABLE HARM. The Parties expressly acknowledge, understand, and agree that a violation of this Agreement by Seller
will cause Buyer irreparable injury, not adequately compensable by monetary damages. Seller agrees that in the event of a Default, Buyer
shall be entitled to, as a matter of right, equitable relief in the form of, but not limited to a restraining order, an injunction, a
decree or decrees of specific performance, or any other form of adequate equitable relief in a court of competent jurisdiction, in addition
to any other remedies available at law or in equity

 

31.
WAIVER OF RIGHT TO JURY TRIAL. THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT THEY MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION, INCLUDING, BUT NOT LIMITED TO, ANY COUNTERCLAIM WHICH MAY BE FILED BY ANY PARTY, BASED
ON THIS AGREEMENT, OR RISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT, OR ANY PURPORTED OR CLAIMED COURSE OF CONDUCT, COURSE
OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTION BY ANY PARTY HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES
ENTERING INTO THIS AGREEMENT.

 

32.
PERSONAL PERFORMANCE GUARANTEE. As a material condition to the consummation of the transactions contemplated by this Agreement,
each guarantor that signs this Agreement (individually a “Guarantor” and, collectively, the “Guarantors”)
hereby unconditionally, jointly and severally, personally guarantees the performance of all covenants, representations, and warranties
of Seller. Furthermore, Guarantor represents and warrants that all representations and warranties made by Seller in this Agreement are
true and correct and shall remain true and correct in all material respects until Buyer has received the Purchased Amount in full pursuant
to the terms and conditions of this Agreement. This guarantee shall be continuing and irrevocable and the Guarantor agrees that Buyer
may proceed directly against Guarantor without first proceeding against Seller. Guarantor further guarantees the payment of all costs
and expenses (including, but not limited to, (a) costs of collection; (b) witness fees; (c) expert fees; (d) consultant fees; (e) attorney,
paralegal, and legal assistant fees, costs, and expenses; and, (f) other professional fees, costs, and expenses) which may be incurred
as a result of a Default by Seller. This guarantee is unlimited, absolute, and without condition, and is binding upon each Guarantor
and the Guarantor’s heirs, legal representatives, successors, and assigns. Each Guarantor acknowledges, understands, agrees, and
approves of this Agreement and Guarantor’s signature on this Agreement shall serve as confirmation that Guarantor understands all
terms and conditions of this Agreement and agrees to be bound by the same. Guarantor shall not have the right to assign its rights, interests,
or obligations hereunder without the prior written consent of Buyer, which consent may be withheld, denied, and/or conditioned in Buyer’s
sole and absolute discretion. Guarantor shall not dispose, convey, sell, or otherwise transfer (or cause Seller to dispose, convey, sell,
or otherwise transfer) any material business assets of

 

	 	Seller’s
    Initial:  	

 

    	13

    	 

    

 

 

 

Seller
without the prior written consent of Buyer, which consent may be withheld, denied, and/or conditioned in Buyer’s sole and absolute
discretion. The obligation of Guarantor shall be unconditional and absolute, regardless of the unenforceability of any provision of any
agreement between Seller and Buyer, or the existence of any defense, setoff, or counterclaim which Seller may assert. Buyer is hereby
authorized, without notice or demand and without affecting the liability of Guarantor hereunder, to renew or extend Seller’s obligations
under the Agreement or otherwise modify, amend, or change the terms of the Agreement. Guarantor is hereby notified that a negative credit
report reflecting on Guarantor’s credit record may be submitted to a credit reporting agency if the terms of this guaranty are
not honored by Guarantor. Guarantor expressly consents to conduct business by electronic means.

 

The
entity and/or individual(s) signing for Seller below agrees that they have read, understood, and agree to abide by the terms of this
Agreement including those terms contained in the Fee Structure Addendum attached hereto and incorporated by reference as Exhibit A.

 

	Dated:	Signature:	 	 	Mailing	 
	7/27/2022	 		 	Address:	 
	 	Print
    Name:	Christin
    Hemmens	 	City:	 
	 	Print
    Title:	 	 	State:
	 
	 	 	 	 	Zip:	 

 

	Dated:	Signature:	 	 	Mailing	 
	 	 	 	 	Address:	 
	 	Print
    Name:	 	 	City:	 
	 	Print
    Title:	 	 	State:
	 
	 	 	 	 	Zip:	 

 

	Agreement
    of Each Guarantor:	 	 	 
	(Signature):	 	(Signature):	 
	(Signature):	 	(Signature):	 

 

	One
    River Funding, LLC	 	 
	Dated:	(Signature):	 	Mailing
    Address:	429
    Lenox Avenue
	 	Print
    Name:	 	City:	Miami
    Beach
	 	Print
    Title:	 	State:	Florida
	 	 	 	Zip:	33139

 

	 	Seller’s
    Initial:  	

 

    	14

    	 

    

 

 

Exhibit
A

Fee
Structure Addendum

 

This
Fee Structure Addendum is made part of and incorporated by reference into that certain Purchase and Sale Agreement dated 7/27/2022
between One River Funding, LLC as Buyer and MCA WESTOVER HILLS OPERATING COMPANY, LLC as Seller (the “Agreement”).
Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement.

 

In
addition to all of the fees and charges set forth in the Agreement, Seller agrees to pay Buyer on demand the fees and charges set forth
in this Fee Structure Addendum. Buyer is authorized by Seller to initiate electronic or debit entries through the Automated Clearing
House (“ACH”) or other wire transfer service as applicable from the Seller’s Bank Account set forth in the Agreement
to assess any of the fees and charges listed herein or referenced in the Agreement. The additional fees are as follows

 

		●	Cancellation
                                            Fee - $250.00. To cover Buyer’s administrative expenses in the event that Seller elects
                                            to cancel the Agreement prior to the initial funding date.

 

		●	NSF
                                            Fee - $35.00 per occurrence.

 

		●	Rejected
                                            ACH fee - $100.00 per occurrence in the event that a merchant directs the designated Bank
                                            Account to reject Buyer’s debit ACH.

 

		●	Bank
                                            Change Fee - $50.00. Assessed in the event Seller elects to change the Seller’s Bank
                                            Account.

 

		●	Blocked
                                            Account Fee - $2,500.00 per occurrence.

 

		●	Default
                                            Fee - The greater of an amount to five percent (5%) of the Purchased Amount of Future Receivables
                                            outstanding or $2,500.00.

 

The
entity and/or individual(s) signing for Seller below agrees that they have read, understood, and agree to abide by the terms of this
Fee Structure Addendum

 

SELLER(S)

 

	[name
    of Seller]	 	 	 
	Signature:		 	Signature:	 
	Print
    Name:	Christin Hemmens	 	Print
    Name:	 
	Print
    Title:	Owner	 	Print
    Title:	 

 

	Agreement
    of each Guarantor:	 	 	 
	(Signature):		 	(Signature):	 
	(Signature):	 	 	(Signature):	 

 

	 	Seller’s
    Initial:  	

 

    	15

    	 

    

 

 

Additional
Seller Addendum to

Purchase
Agreement

 

Parties

 

	Buyer	 	One
    River Funding, LLC
	Original
    Seller	 	MCA
    WESTOVER HILLS OPERATING COMPANY, LLC
	Additional
    Seller(s)	 	MEMORY
                                            CARE AMERICA, LLC, Address: 8800 Village Dr, Suite 201, San

    Antonio,
    TX 78217

     

    MEMORY
    CARE AT GOOD SHEPHERD, LLC, , Address: 2501 Aldersgate Rd,

    Little
    Rock, AR 72205

     

    MCA
    MANAGEMENT COMPANY, INC., Address: 8800 Village Dr, Suite 201,

    San
    Antonio, TX 78217

     

    MCA
    NAPLES OPERATING COMPANY, LLC, Address: 4009 Hillsboro Rd,

    Suite
    209, Nashville, TN 37215

     

    MCA
    Naples Holdings, LLC, Address: 8800 Village Dr, Suite 201, San Antonio, TX 78217

 

This
Additional Seller Addendum to Purchase Agreement (“Addendum”) is entered into by and among the above referenced Parties and
amends that certain Purchase Agreement between Buyer and Original Seller dated 7/27/2022 (the “Purchase Agreement”).

 

Each
Additional Seller desires to enter into the Purchase Agreement and to agree to all of the terms of the Purchase Agreement, so that they
will all fully apply to such Additional Seller to the same extent as if the Additional Seller had executed the Purchase Agreement itself.
Therefore, each of the Parties agree as follows:

 

1.
Each Additional Seller is fully bound by all of the terms, conditions, representations, warranties and covenants of the Agreement. The
Purchase Agreement is fully incorporated into this Addendum by reference, and binds and inures to the benefit of each of the Parties
hereto, and all of their heirs, successors and assigns, the same as if such Additional Seller had signed the Purchase Agreement. All
references to “Seller” in the Purchase Agreement mean individually, collectively and interchangeably the Original Seller
and each Additional Seller. Notwithstanding the foregoing, the Parties acknowledge that the initial Daily Amount established in the Purchase
Agreement is based on the average monthly sales of the Original Seller only. By signing this Addendum and adding the Additional Sellers
to the Purchase Agreement, the Parties do not intend to re-calculate the Daily Amount by including the average monthly sales of the Additional
Sellers. The Parties therefore agree that the Daily Amount shall remain the same following the execution of this Addendum, subject to
the Parties’ right request changes to the Daily Amount as set forth in the Purchase Agreement.

 

2.
Each Additional Seller agrees to and enters into the Purchase Agreement as a Seller and hereby joins in the sale of its Future Receipts
and agrees to deliver the Amount Sold to Buyer on the terms and conditions set forth in the Purchase Agreement. The obligation of each
Seller to deliver the entire Amount Sold is joint and several. Any default by a Seller under the Purchase Agreement shall constitute
a default of every Seller under the Purchase Agreement. Each Seller hereby guarantees the prompt performance of the obligations of the
other Sellers under the Purchase Agreement. Buyer may file suit against, or otherwise seek to collect receipt of the Amount Sold from
any Seller without the necessity of Buyer first seeking to collect payment from the any other Seller or other party that may be liable
for the obligations created by the Purchase Agreement.

 

3.
The Original Seller has received the Purchase Price on behalf of itself and the Additional Sellers. The Purchase Price shall be allocated
among the Sellers in such amount as they may agree upon, but each shall have an undivided interest in the entire

 

	 	Seller’s
    Initial:  	

 

    	16

    	 

    

 

 

Purchase
Price. Each Additional Seller is an affiliate that controls, is controlled by, or under common control with, the Original Seller. The
Additional Sellers agree that joining in the sale of the Amount Sold by signing this Addendum is in the mutually beneficial interest
of all Sellers.

 

4.
The Parties acknowledge that each Additional Seller may maintain separate bank accounts and each Additional Seller will take such actions
as are necessary or appropriate to enable Buyer to debit such Additional Seller’s Approved Account. Each Seller agrees that Buyer
may debit any or all Approved Accounts in such amounts as Buyer determines in its discretion until Buyer receives the Daily Amount. Buyer
shall not be required to debit each Approved Account in any specific amount or order to obtain the Daily Amount and may, for example,
debit the Approved Account of any single Seller in an amount equal to the entire Daily Amount.

 

5.
Any notice to an Additional Seller in connection with the Purchase Agreement or this Addendum may be given to such the Original Seller
on behalf of such Additional Seller in the manner set forth in the Purchase Agreement.

 

By
their signatures below the Parties agree to be bound by this Addendum.

 

	Buyer	 	Original
  Seller
	 	 	 
	One
  River Funding, LLC (Buyer)	 	MCA
  WESTOVER HILLS OPERATING COMPANY, LLC
	 	 	 	 	 
	By:	 	 	Signature:	
	Title:	 	 	By:	Christin
    Hemmens
	 	 	 	Title:	Owner

 

	 	Additional
  Seller(s)
	 	 
	 	MEMORY
  CARE AMERICA, LLC
	 	 	 
	 	Signature:	
	 	By:	Christin
  Hemmen
	 	Title:	Owner
	 	Business
  Address:	8800
  Village Dr. Suite 201, San Antonio, TX 78217

 

	 	MEMORY
  CARE AT GOOD SHEPHERD, LLC
	 	 	 
	 	Signature:	
	 	By:	Christin
  Hemmens
	 	Title:	Owner
	 	Business
  Address:	2501
  Aldersgate Rd, Little Rock, AR 72205

 

	 	MCA
  MANAGEMENT COMPANY, INC.
	 	 	 
	 	Signature:	
	 	By:	Christin
  Hemmens
	 	Title:	Owner
	 	Business
  Address:	8800
  Village Dr, Suite 201 San Antonio, TX 78217

 

	 	MCA
  NAPLES OPERATING COMPANY, LLC
	 	 	 
	 	Signature:	
	 	By:	Christin
  Hemmens
	 	Title:	Owner
	 	Business
  Address:	4009
  Hillsboro Rd, Suite 209 Nashville, TN 37215

 

	 	MCA
  Naples Holdings, LLC
	 	 	 
	 	Signature:	
	 	By:	Christin
  Hemmens
	 	Title:	Owner
	 	Business
  Address:	8800
  Village Dr, Suite 201 San Antonio, TX 78217

 

	 	Seller’s
    Initial:  	

 

    	17

    	 

    

 

 

CONSENT
AND REAFFIRMATION OF GUARANTOR

 

Each
undersigned guarantor (“Guarantor”) hereby reaffirms the Personal Guaranty of Performance (“Guaranty”) provided
for the benefit of the Buyer in pursuant to which Guarantor guaranteed to Buyer the prompt and complete performance of all of the Seller’s
obligations under the Purchase Agreement. Each Guarantor consents to the addition of the Additional Sellers as contemplated by this Addendum
and agrees that, as used in the Guaranty, “Seller” means individually, collectively and interchangeably the Original Seller
and each Additional Seller.

 

Owner
1 – Christin Hemmens

 

	Guarantor:	Christin
  Hemmens	(Print
  Name)
	Signature:	 	 

 

For
Corporate Guarantors (or other entities) -

 

	Guarantor:	 	 
	By:	 	 
	Print
  Name of Signer:	 	 
	Its:	 	(Official
  Position)	 

 

	 	Seller’s
    Initial:  	

 

    	18conversionpriceamendment

Execution Version    July 26, 2022  FF Aventuras SPV XI, LLC  FF Adventures SPV XVIII LLC  FF Ventures SPV IX LLC  FF Venturas SPV X LLC  c/o ATW Partners LLP  17 State Street, #1600  New York, New York 10004  Attn: Kerry Propper     Re: Extension of Maturity Date    Dear Mr. Propper:   Reference is made to the following instruments of indebtedness (collectively, the “Notes”)  issued by Faraday Future Intelligent Electric Inc. (the “Company”) to the above referenced lenders  (collectively as listed above and shown below, the “Investors”):  1. Original Issue Discount Convertible Note issued to FF Aventuras SPV XI, LLC on August  10, 2021 in the original principal amount of $7,000,000;  2. Original Issue Discount Convertible Note issued to FF Venturas SPV X LLC on August  10, 2021 in the original principal amount of $11,250,000;  3. Original Issue Discount Convertible Note issued to FF Ventures SPV IX LLC on August  10, 2021 in the original principal amount of $15,666,667 (collectively Notes 1-3, the “OID  Notes”);  4. Subordinated Intermediate Last Out Promissory Note issued to FF Adventures SPV XVIII  LLC  on June 9, 2021 in the original principal amount of $20,000,000; and  5. Subordinated Intermediate Last Out Promissory Note issued to FF Adventures SPV XVIII  LLC  on June 9, 2021 in the original principal amount of $20,000,000 (collectively Notes  4-5, the “Last Out Notes”).  Defined Terms.  Capitalized terms that are not otherwise defined herein have the meanings  given to such terms in the OID Notes.  Amendments.  In consideration for your agreement to extend the Maturity Date (as defined in  each of the Notes) to October 31, 2026, or such earlier date as the Notes are required to be repaid as  provided pursuant to the terms of each applicable Note (as amended hereby), and for other good and  valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company  and the Investors agree to amend the Notes as follows:  A. In respect of each of the Notes, Section 1 is hereby amended to add or restate,  as applicable, the following new or existing definitions:     

 

2        “Equity Conditions” means, during the period in question, (a) the Company shall have duly  honored all conversions and redemptions scheduled to occur or occurring by virtue of one or  more Notices of Conversion of the [Holder/Purchaser], if any, (b) the Company shall have  paid all liquidated damages and other amounts owing to the [Holder/Purchaser] in respect  of this Note,  (c)(i) there is an effective Registration Statement pursuant to which the  [Holder/Purchaser] is permitted to utilize the prospectus thereunder to resell all of the shares  of Common Stock issuable pursuant to the Notes (and the Company believes, in good faith,  that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the  Conversion Shares issuable pursuant to the Notes may be resold pursuant to Rule 144 without  volume or manner-of-sale restrictions (and the Company believes, in good faith, that such  eligibility will continue uninterrupted for the foreseeable future), (d) the Common Stock is  trading on a Trading Market and all of the shares issuable pursuant to the Notes are listed or  quoted for trading on such Trading Market (and the Company believes, in good faith, that  trading of the Common Stock on a Trading Market will continue uninterrupted for the  foreseeable future), (e) there is a sufficient number of authorized but unissued and otherwise  unreserved shares of Common Stock for the issuance of all of the shares then issuable  pursuant to the Note, (f) there is no existing Event of Default and no existing event which,  with the passage of time or the giving of notice, would constitute an Event of Default, including  but not limited to a [Bankruptcy Event/bankruptcy or liquidation of the Company] (g) the  issuance of the shares upon conversion in full of the Note to the [Holder/Purchaser] would  not violate the limitations set forth in Section 4(d), (h) there has been no public announcement  of a pending or proposed Fundamental Transaction or Change of Control Transaction that  has not been consummated, (i) the applicable [Holder/Purchaser] is not in possession of any  information provided by the Company, any of its Subsidiaries, or any of their officers,  directors, employees, agents or Affiliates, that constitutes, or may constitute, material non- public information and (j) the issuance of shares of Common Stock in question will not result  in a violation of the listing standards of the Nasdaq Stock Market LLC.”  “Trading Market” means any of the following markets or exchanges on which the  Common Stock is listed or quoted for trading on the date in question: the NYSE American,  the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the  New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).”    ““VWAP” means, for any date, the price determined by the first of the following  clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market,  the per share daily volume weighted average price of the Common Stock for such date (or the  nearest preceding date) as displayed under the heading “Bloomberg VWAP” on Bloomberg  page “FFIE US <equity> AQR” (or its equivalent successor if such page is not available) in  respect of the period from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)  on such trading day, (b)  if OTCQB or OTCQX is not a Trading Market, the volume weighted  average price of the Common Stock for such date (or the nearest preceding date) on OTCQB  or OTCQX as applicable and (c) if the Common Stock is not then listed or quoted for trading  on OTCQB or OTCQX and if prices for the Common Stock are then reported on The Pink  Open Market (or a similar organization or agency succeeding to its functions of reporting  prices), the most recent bid price per share of the Common Stock so reported. If such volume- weighted average price is unavailable, the market value of one share of our common stock on  

 

3        such trading day determined, using a volume-weighted average method, by a nationally  recognized independent investment banking firm retained for this purpose by the Issuer.””    B. In respect of each of the OID Notes, Section 4(b) is hereby amended and  restated as follows: “Conversion Price.  The conversion price in effect on any Conversion  Date shall be the lesser of (x) $10, (y) 95% of the VWAPs during 30 Trading Days immediately  prior to the applicable Conversion Date and (z) the lowest effective price per share of  Common Stock (or equivalents) issued or issuable by the Company in any financing of debt  or equity after July 26, 2022, both subject to adjustment as set forth in Section 5 hereof (“Set  Price”); provided, however, during the period commencing on July 26, 2022 and ending on  December 30, 2022 (“Share Amortization Period”), the Conversion Price shall be the lesser  of (i) the Set Price, and (ii) 92% of the lowest of the VWAPs during the 7 Trading Days  immediately prior to the applicable Conversion Date.”    C. In respect of each of the Last Out Notes, Section 4(b) is hereby amended and  restated as follows: “Conversion Price.  Subject to adjustment in accordance with the terms  set forth herein, the conversion price (the “Conversion Price”) in effect on any Conversion  Date shall be equal to the lesser of (x) $10, (y)  95% of the VWAPs during the 30 Trading  Days immediately prior to the applicable Conversion Date and (z) the lowest effective price  per share of Common Stock (or equivalents) issued or issuable by the Company in any  financing of debt or equity after July 26, 2022 (“Set Price”); provided, however, during the  period commencing on July 26, 2022 and ending on December 30, 2022 (“Share Amortization  Period”), the Conversion Price shall be the lesser of (i) the Set Price, and (ii) 92% of the  lowest of the VWAPs during the 7 Trading Days immediately prior to the applicable  Conversion Date.”    D. In respect of each of the Notes, the following provision is added to the end of  Section 4 (bracketed language modified as applicable): “Forced Conversion. Notwithstanding  anything herein to the contrary, on or after December 31, 2022, the Company may deliver a  written notice to the [Holder/Purchaser] (a “Forced Conversion Notice” and the date such  notice is delivered to the [Holder/Purchaser], the “Forced Conversion Notice Date”) to cause  the [Holder/Purchaser] to convert all or part of up to, in the aggregate among all of the Notes  (as defined in that certain letter agreement dated July 26, 2022), up to $35 million principal  amount of the Notes less any principal amount of the Notes voluntarily converted by the  [Holder/Purchaser] following the date hereof, it being agreed that the “Conversion Date” for  purposes of this provision shall be deemed to occur on the second Trading Day following the  Forced Conversion Notice Date (such third Trading Day, the “Forced Conversion Date”).   For purposes of clarification, if the holders of the Notes have converted, in the aggregate  among all Notes, principal amounts of Notes $35 million from July 26, 2022 until December  30, 2022, none of the remaining principal amount of this Note may be subject to a Forced  Conversion Notice.  The Company may not deliver a Forced Conversion Notice, and any  Forced Conversion Notice delivered by the Company shall not be effective, unless all of the  Equity Conditions are met (unless waived in writing by the [Holder/Purchaser]) from and  after each day commencing on the Forced Conversion Notice Date until the second Trading  

 

4        Day following the Forced Conversion Date; provided that if the Equity Conditions are not  met (unless waived in writing by the [Holder/Purchaser]) during the period from August 1,  2022 (provided that the Company shall be permitted in its sole and absolute discretion to  extend such date to August 8, 2022 upon written notice to the Investors) until December 30,  2022 (the “Forced Conversion Reference Period”) after written notice is provided by  [Holder/Purchaser] to the Company specifying such failure (which written notice shall be  provided by [Holder/Purchaser] to the Company as promptly as practicable after  [Holder/Purchaser] becomes aware of such failure), then the abovementioned reference to  December 31, 2022 shall be extended by the number of days that such Equity Conditions were  not met during the Forced Conversion Reference Period and the subsequent period thereafter  until such time that there has been 145 days (including not less than 99 Trading Days) since  the commencement of the Forced Conversion Reference Period that the Equity Conditions are  met.  Subject to the foregoing, the Company may elect the principal amount of OID Notes  and/or Last Out Notes to be subject to a Forced Conversion or any other conversion; provided  that any Forced Conversion or other conversion shall be applied ratably to all Notes to which  such Forced Conversion or other conversion will apply based on their respective initial  principal amount of such Notes to all Notes of such class.  For purposes of clarification, a  Forced Conversion shall be subject to all of the provisions of Section 4, including, without  limitation, the provision requiring payment of liquidated damages and limitations on  conversions, including the Beneficial Ownership Limitation.    E. Compliance with Listing Standards. Notwithstanding anything to the contrary  in the Notes, in no event shall the application of any of the provisions set forth herein,  including without limitation those set forth above in Paragraphs B. and C., result in the Notes,  in the aggregate, becoming convertible into shares of Common Stock in violation of the listing  standards of the Nasdaq Stock Market LLC.    F. Section 2.1.1.(e)(z) of that certain Second Amended and Restated Note  Purchase Agreement (as amended, the “Note Purchase Agreement”) dated as of October 9,  2020 (as amended by each of the First Amendment to Second Amendment and Restated Note  Purchase Agreement, dated as of January 13, 2021, the Second Amendment and Waiver to  Second Amended and Restated Note Purchase Agreement, dated as of March 1, 2021 and  Joinder and Third Amendment to Second Amended and Restated Note Purchase Agreement  dated as of June 9, 2021), as it relates to the issuance of FF Subordinated Intermediate Last  Out Optional Notes (as defined in the  Note Purchase Agreement), is hereby amended such  that in all references to dates by which the Investor has the right to exercise for such additional  FF Subordinated Intermediate Last Out Optional Notes, such dates shall be extended to July  20, 2023.    G. Notwithstanding anything herein to the contrary, interest shall accrue on the  Notes at 10% per annum following February 10, 2023 (i.e. the extension of the Maturity Dates  from December 9, 2022 and February 10, 2023, as applicable, to October 31, 2026 as agreed  herein does not also defer the accrual of interest thereof to the new Maturity Dates).   Security Interest.  Within 45 days of the Collateral Trigger Date (as defined below), the  

 

5        Company and the Investors will enter into a security agreement to secure the obligations under the  Notes with a junior lien on substantially all of the assets that secure the Tranche A Facility (as defined  below).  The security agreement shall be in customary form and substance and reasonably acceptable  to the parties and in any event shall be substantially identical to the security agreement that secures  the Tranche A Facility; provided that (i) the security interest securing the obligations under the Notes  shall be junior in priority to the security interest securing the First Priority Debt (as defined below)  pursuant to an intercreditor agreement in customary form and substance and reasonably acceptable to  the parties and (ii) the terms of the Notes, such security agreement or such intercreditor agreement  shall in no way restrict (x) the amount of additional First Priority Debt permitted to be incurred by  the Company and its Subsidiaries, (y) the amount of any additional debt secured on a pari passu or  junior basis with the Notes or any unsecured debt or (z) any DIP Financing (as defined below).  The  parties shall negotiate such security agreement and intercreditor agreement in good faith and effect  such security interest as promptly as practicable after the Collateral Trigger Date.  For purposes  hereof, (a) the “Collateral Trigger Date” shall mean the date on which at least $50,000,000 in senior  secured convertible term loans have been funded to the Company by the Investors or their affiliates  under the “Tranche A Loans” facility currently under negotiation among the Company and the  Investors (the “Tranche A Facility”) (which funding by the Investors or their affiliates is conditioned  upon the Company obtaining binding commitments for at least $100,000,000 in additional financing),  subject to agreement by the Company and the Investors on the terms of such Tranche A Facility and  (b) “First Priority Debt” shall mean the Tranche A Facility, the “Tranche B Loans” contemplated  thereby, any additional secured indebtedness issued by the Company in compliance with the right of  first offer to be set forth in the Tranche A Facility, and any other debt permitted to be incurred on a  first priority basis pursuant to either of the foregoing.    Reporting Obligations.  The Investors agree that, upon the initial funding under the Tranche A  Facility, all reporting and notice requirements applicable to any Notes under Sections 7.1.2 and 7.1.3   of the Note Purchase Agreement shall automatically deemed to be amended in a manner consistent  with, and in no way requiring anything beyond, the corresponding provisions of the definitive  documentation for the Tranche A Facility, mutatis mutandis.  Public Information.  Until the time that the Notes are no longer outstanding, the Company covenants  to timely file (or obtain extensions in respect thereof and file within the applicable grace period) all  reports required to be filed by the Company after the date hereof pursuant to the Exchange Act. If  while the Notes are outstanding the Company is not then subject to the reporting requirements of the  Exchange Act, the Company shall, to the extent permitted by applicable law and the rules and  regulations of the Commission, voluntarily file all such reports with the Commission containing the  information, and within the time periods (giving effect to applicable grace periods), required by the  Exchange Act as though the Company had been required to file such reports under the Exchange Act.   At any time after the date hereof and ending at such time that none of the Notes remain outstanding,  if the Company shall fail for any reason to satisfy the current public information requirement under  Rule 144(c) (a “Public Information Failure”) then, in addition to such Investor’s other available  remedies, the Company shall pay to the Investors, in cash, as partial liquidated damages and not as a  penalty, by reason of any such delay in or reduction of its ability to sell the Notes, an amount in cash  equal to one percent (1.0%) of the aggregate principal amount of such Investor’s Notes on the day of  a Public Information Failure and on every thirtieth (30th) day (pro-rated for periods totaling less than  thirty days) thereafter until the date such Public Information Failure is cured.  The payments to which  a Investor shall be entitled pursuant to this Section 4.3(b) are referred to herein as “Public Information  Failure Payments.”  Public Information Failure Payments shall be paid on the earlier of (i) the last  day of the calendar month during which such Public Information Failure Payments are incurred and  

 

6        (ii) the third (3rd) Business Day after the event or failure giving rise to the Public Information Failure  Payments is cured.  In the event the Company fails to make Public Information Failure Payments in  a timely manner, such Public Information Failure Payments shall bear interest at the rate of 1.5% per  month (prorated for partial months) until paid in full.  Nothing herein shall limit such Investor’s right  to pursue actual damages for the Public Information Failure, and such Investor shall have the right to  pursue all remedies available to it at law or in equity including, without limitation, a decree of specific  performance and/or injunctive relief.  Publicity.  Prior to 9:30 am ET on the business day next following the date on which definitive  documentation relating to the Tranche A Facility is finalized (and in any event not later than August  1, 2022; provided that the Company shall be permitted in its sole and absolute discretion to extend  such date to August 8, 2022 upon written notice to the Investors), the Company shall file a Current  Report on Form 8-K, including the definitive documentation relating to the Tranche A Facility as an  exhibit thereto, with the Commission within the time required by the Exchange Act.  From and after  the issuance of such press release, the Company represents to the Investors that it shall have publicly  disclosed all material, non-public information delivered to any of the Investors by the Company or  any of its Subsidiaries, or any of their respective officers, directors, employees, Affiliates or agents,  including without limitation, the Placement Agent, in connection with the transactions contemplated  by the Transaction Documents. The Company understands and confirms that each Investor shall be  relying on the foregoing covenant in effecting transactions in securities of the Company.   Additionally, after August 1, 2022 (provided that the Company shall be permitted in its sole and  absolute discretion to extend such date to August 8, 2022 upon written notice to the Investors), the  Company covenants and agrees that neither it, nor any other Person acting on its behalf will provide  any Investor or its agents or counsel with any information that constitutes, or the Company reasonably  believes constitutes, material non-public information, unless prior thereto such Investor shall have  consented in writing to the receipt of such information and agreed in writing with the Company to  keep such information confidential.  The Company understands and confirms that each Investor shall  be relying on the foregoing covenant in effecting transactions in securities of the Company.  To the  extent that any notice provided pursuant to any Transaction Document constitutes, or contains,  material, non-public information regarding the Company or any Subsidiaries, the Company shall not  be required to provide such notice unless the Investor shall have consented to being provided with  such information in accordance with the provisions of the second preceding sentence.  The Company  understands and confirms that each Investor shall be relying on the foregoing covenant in effecting  transactions in securities of the Company.  DIP Financing. The parties hereto agree that in connection with any insolvency proceeding  relating to the Company or its Subsidiaries, the Company and its Subsidiaries shall be permitted to  incur (a) super priority security interests for a debtor-in-possession financing (of no more than $50  million plus a professional fee carveout) (“DIP Financing”) and (b) DIP Financing (including  priming the obligations under the Notes) of no more than $50 million plus a professional fee  carveout, so long as, (A) the interest rate, fees, and other terms of the DIP Financing are  commercially reasonable under the circumstances as determined by a court of competent  jurisdiction, and (B) if the Collateral Trigger Date has occurred, the Investors shall be granted a  junior lien on all collateral, including proceeds, that the provider of the DIP Financing receives,  subject only to (x) the priority of the lien granted to the provider of the DIP Financing and the First  Priority Debt and the professional fee carveout and (y) approval of a court of competent jurisdiction.    

 

7        Entire Agreement. This letter agreement embodies the entire agreement and understanding  among the parties hereto and supersedes all prior or contemporaneous agreements and  understandings of such Persons, verbal or written, relating to the subject matter hereof and thereof.    Acknowledgement. The parties hereto acknowledge that except for the amendments and  agreements expressly set forth in this letter agreement, all other terms and conditions of the Notes  and other agreements entered into connection therewith shall be unaffected hereby and remain in  full force and effect.  The parties hereto, to the extent applicable, reaffirm, ratify and confirm their  respective obligations, covenants and agreements under the Notes and any such agreements.  In the  event of any conflict or inconsistency between the provisions of this letter agreement and those  contained in the Notes or such other agreements, the provisions of this letter agreement shall govern  and control and be binding upon the parties hereto. No reference to this letter agreement need be  made in the Notes or other document or instrument making reference to the same. This letter  agreement is a Note Document for purposes of the Notes and any other agreements entered into in  connection therewith.    Counterparts. This letter agreement may be executed in any number of counterparts and by  different parties in separate counterparts, each of which when so executed shall be deemed to be an  original and all of which taken together shall constitute one and the same agreement. Signature  pages may be detached from multiple separate counterparts and attached to a single counterpart.  Delivery of an executed signature page of this letter agreement by facsimile transmission or  electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.    Severability. Whenever possible each provision of this letter agreement shall be interpreted  in such manner as to be effective and valid under applicable law, but if any provision of this letter  agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective  to the extent of such prohibition or invalidity, without invalidating the remainder of such provision  or the remaining provisions of this letter agreement.    Governing Law. The laws of the State of New York shall govern all matters arising out of,  in connection with or relating to this letter agreement, including its validity, interpretation,  construction, performance and enforcement (including any claims sounding in contract or tort law  arising out of the subject matter hereof and any determinations with respect to post-judgment  interest).    [Remainder of page intentionally left blank; signature page follows]  

 

Witness the due execution hereof by the respective duly authorized officers of the  undersigned as of the date first written above.  FARADAY FUTURE INTELLIGENT ELECTRIC INC.  By:   Name: Sue Swenson  Title:  Director   Accepted and agreed to:  FF AVENTURAS SPV XI, LLC  By:   Name:   Title:    FF ADVENTURES SPV XVIII LLC  By:   Name:  Title:     FF VENTURES SPV IX LLC  By:   Name:    Title:   FF VENTURAS SPV X LLC  By:   Name: Title:   DocuSign Envelope ID: 23F422D3-C68A-49BE-A14D-4A4FD8F970A8 

 

  8      Witness the due execution hereof by the respective duly authorized officers of the  undersigned as of the date first written above.    FARADAY FUTURE INTELLIGENT ELECTRIC INC.    By:    Name:   Title:      Accepted and agreed to:  FF AVENTURAS SPV XI, LLC    By:    Name:   Title:      FF ADVENTURES SPV XVIII LLC    By:    Name:   Title:      FF VENTURES SPV IX LLC    By:    Name:   Title:      FF VENTURAS SPV X LLC    By:    Name:   Title:                 Antonio Ruiz-Gimenez Managing Partner Antonio Ruiz-Gimenez Managing Partner Antonio Ruiz-Gimenez Managing Partner Antonio Ruiz-Gimenez Managing Partner

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