Document:

Exhibit 10.1

 

FIRST
AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

This
First Amendment to Loan and Security Agreement (this “Amendment”), dated as of December 10, 2018, is entered
into by and among FRC FUNDING I, LLC, a Delaware limited liability company (“Borrower”), FLAT ROCK CAPITAL
CORP., a Maryland corporation (“Servicer”), and STATE BANK AND TRUST COMPANY, a state banking institution incorporated
or otherwise organized under the laws of the State of Georgia, as sole lender (“Existing Lender”) and agent
for the Lenders (in such capacity, “Agent”) and HITACHI CAPITAL AMERICA CORP., a Delaware corporation (“New
Lender”).

 

RECITALS

 

Borrower,
Servicer, Agent and Existing Lender are parties to a Loan and Security Agreement dated as of October 12, 2018 (as the same may
be further amended, amended and restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”).
Capitalized terms used in this Amendment have the meanings given to them in the Loan Agreement unless otherwise specified.

 

Pursuant
to the Loan Agreement, the Existing Lender has extended a $20,000,000 revolving credit facility to the Borrower, secured by substantially
all of the assets of Borrower.

 

Borrower
has proposed to Agent and Existing Lender that the revolving credit facility under the Loan Agreement be increased to $30,000,000,
and New Lender is willing to become a Lender under the Loan Agreement with a Revolver Commitment in the amount of $10,000,000.

 

In
connection with New Lender becoming a Lender, the Borrower has proposed that certain amendments be made to the Loan Agreement,
and Agent, New Lender and Existing Lender have agreed to such amendments, pursuant to the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the foregoing and of other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Agent, Lenders and the Borrower agree as follows:

 

1. New
Lender.

 

(a) New
Lender, by its signature to this Amendment, agrees to become a Lender under the Loan Agreement, with a Revolver Commitment in
the amount set forth with respect to New Lender on Schedule 1 hereto, and to be bound by all of the terms and conditions applicable
to Lenders under the Loan Agreement and each other Transaction Document.

 

(b) New
Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and
deliver this Agreement and to consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement,
(B) from and after the Amendment Effective Date (as such term is hereinafter defined), it shall be bound by the provisions of
the Loan Agreement and the other Transaction Documents as a Lender thereunder and shall have the obligations of a Lender thereunder,
(C) it has received a copy of the Loan Agreement, together with copies of the most recent financial statements delivered pursuant
to Section 9.1.3 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Agreement and to become a party to the Loan Agreement, and (D) it has, independently and without
reliance upon the Agent or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and to become
a party to the Loan Agreement; and (ii) agrees that (A) it will, independently and without reliance on the Agent or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Transaction Documents, and (B) it will perform in accordance with their terms
all of the obligations which by the terms of the Transaction Documents are required to be performed by it as a Lender.

 

     

     

    

 

(c) Each
of the Agent, Existing Lender, the Borrower, and Servicer agrees that, as of the Amendment Effective Date, the New Lender shall (i) be a party to the Loan Agreement with a Revolver Commitment in the amount set
forth with respect to New Lender on Schedule 1 hereto, (ii) be a Lender for all purposes of the Loan Agreement and the other Transaction
Documents, and (iii) have the rights and obligations of a Lender under the Loan Agreement and the other Transaction Documents.

 

(d) The
address of the New Lender for purposes of all notices and other communications is as set forth on the signature page hereto.

 

2. Amendments
to Loan Agreement. As of the Amendment Effective Date, the Loan Agreement is amended as follows:

 

(a) Section
1.1 of the Loan Agreement is amended by amending the definition of “Commitment” as follows: “$20,000,000” is replaced with “$30,000,000.”

 

(b) Section
1.1 of the Loan Agreement is further amended by amending and restating the definition of “Lender” to read as follows:

 

“Lenders”
is as defined in the preamble to this Agreement, including Agent in its capacity as a provider of Swingline Loans and any other
Person who hereafter becomes a “Lender” pursuant to an Assignment and Assumption or pursuant to any amendment hereto.

 

(c) Section
1.1 of the Loan Agreement is further amended by adding, in appropriate alphabetical order the following new definitions:

 

“Benefit
Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA,
(b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes
of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee
benefit plan” or “plan”.

 

“PTE”
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from
time to time.

 

    2

     

    

 

(d) Section
2.1.5 of the Loan Agreement is further amended by amending and restating the section in its entirety as follows:

 

“If
the aggregate Revolver Loans exceed the Borrowing Base (“Overadvance”) at any time, the excess amount shall be payable
by Borrower within five (5) Business Days of demand by Agent, but all such Revolver Loans shall nevertheless constitute Obligations
secured by the Collateral and entitled to all benefits of the Transaction Documents. Agent may require Lenders to honor requests
for Overadvance Loans and to forbear from requiring Borrower to cure an Overadvance, (a) when no other Event of Default is known
to Agent, as long as the Overadvance does not continue for more than 30 consecutive days (and no Overadvance may exist for at
least five consecutive days thereafter before further Overadvance Loans are required); and (b) regardless of whether an Event
of Default exists, if Agent discovers an Overadvance not previously known by it to exist, as long as from the date of such discovery
the Overadvance does not continue for more than 30 consecutive days; provided that in each such case, the requested amount of
such Overadvance Loan does not exceed fifteen percent (15%) of the Borrowing Base as calculated by Borrower in the Borrowing Base
Certificate submitted to Agent immediately prior to the most recent Borrowing Base Certificate that reflected an Overadvance.
In no event shall Overadvance Loans be required that would cause the outstanding Revolver Loans to exceed the aggregate Revolver
Commitments. Any funding of an Overadvance Loan or sufferance of an Overadvance shall not constitute a waiver by Agent or Lenders
of the Event of Default caused thereby. In no event shall Borrower be deemed a beneficiary of this Section nor authorized to enforce
any of its terms.”

 

(e) Section
13 of the Loan Agreement is further amended by amending Section 13.3.2(ii) to replace the reference to “Section 13.2.2(i)” in such section with the words “Section 13.3.2(i).”

 

(f) Section
13 of the Loan Agreement is further amended by adding a new Section 13.18 to read as follows:

 

13.18.
Certain ERISA Matters.

 

(a) Each
Lender (i) represents and warrants, as of the date such Person became a Lender party hereto, to, and (ii) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower and Servicer, that at least one of
the following is and will be true:

 

(A) Such
Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the
Commitments or this Agreement, and

 

(B) the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60
(a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain
transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving
bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers),
is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans,
the Commitments and this Agreement.

 

    3

     

    

 

(g) Schedule
1 to the Loan Agreement is amended and restated to read as set forth on Schedule 1 attached hereto and incorporated herein by
reference.

  

3.  Effect
of Amendment. Except as set forth expressly herein, all terms of the Loan Agreement, as amended hereby, and the other Transaction
Documents shall be and remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligations
of the Borrower and the Servicer to the Lenders and the Agent. The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Agent or the Lenders under
the Loan Agreement, nor constitute a waiver of any provision of the Loan Agreement. This Amendment shall constitute a Transaction
Document for all purposes of the Loan Agreement.

 

4. Conditions
Precedent. This Amendment, and the New Lender’s Revolver Commitment to make Loans under the Loan Agreement, shall become
effective as of such date (such date, the “Amendment Effective Date”) that each of the following conditions
are satisfied:

 

(a) Agent
shall have received counterparts of this Amendment, duly executed by the Borrower, the Servicer, the Agent, the Existing Lender and the New Lender;

 

(b) Borrower
shall have executed and delivered to New Lender a promissory note evidencing Borrower’s obligations in respect of the Revolver Commitments of New Lender;

 

(c) New
Lender shall have executed and delivered to Agent an Administrative Details Form in form and substance satisfactory to Agent;

 

(d) Agent
shall have received certificates, in form and substance satisfactory to it, from a knowledgeable Senior Officer of Borrower certifying that, after giving effect to this Amendment and the making of the initial
Loans after the Amendment Effective Date, (i) Borrower is Solvent; (ii) no Default or Event of Default exists; and (iii) the representations
and warranties set forth in Section 8 are true and correct;

 

(e) The
Agent shall have received (i) as to the Borrower and the Servicer, either (x) a copy of each certificate or articles of incorporation
or organization or other applicable constitutive documents of such Person certified, to the extent applicable, as of a recent
date by the applicable governmental authority or (y) written certification by such Person’s secretary, assistant secretary
or other Senior Officer that such Person’s certificate or articles of incorporation or organization or other applicable
constitutive documents most recently certified and delivered to the Agent prior to the Amendment Effective Date pursuant to the
Transaction Documents remain in full force and effect on the Amendment Effective Date without modification or amendment since
such original delivery, (ii) as to Borrower and Servicer, either (x) signature and incumbency certificates of the Senior Officers
of such Person executing this Amendment and the Transaction Documents to which it is a party or (y) written certification by such
Person’s secretary, assistant secretary or other Senior Officer that such Person’s signature and incumbency certificates
most recently delivered to the Agent prior to the Amendment Effective Date pursuant to the Transaction Documents remain true and
correct as of the Amendment Effective Date, (iii) copies of resolutions of the board of directors and/or similar governing bodies
of Borrower and Servicer approving and authorizing the execution, delivery and performance of this Amendment and the other Transaction
Documents to which it is a party, certified as of the Amendment Effective Date by a secretary, an assistant secretary or a Senior
Officer of such Person as being in full force and effect without modification or amendment (or in the case of Servicer, written
certification by the Servicer’s secretary, assistant secretary or other Senior Officer that such resolutions most recently
delivered to the Agent prior to the Amendment Effective Date pursuant to the Transaction Documents remain in full force and effect
on the Amendment Effective Date without modification or amendment since such original delivery), and (iv) a certificate of existence
or good standing (to the extent such concept exists) from the applicable governmental authority of Borrower’s and Servicer’s
jurisdiction of incorporation, organization or formation as of a reasonably recent date (provided that such certificate for Servicer
can be provided not later than five (5) Business Days after the Amendment Effective Date);

 

    4

     

    

 

(f) Agent
shall have received a favorable written opinion of counsel to Borrower and Servicer in form and substance satisfactory to Agent covering, among other matters, (i) the enforceability of this Amendment,
the Loan Agreement as amended hereby and the other Transaction Documents, (ii) the grant and perfection of security interests
in the Collateral, and (iii) such other matters as Agent may require in Agent’s sole discretion, as well as a reliance letter
in favor of the New Lender;

 

(g) The
Agent and New Lender shall have received, at least three Business Days prior to the Amendment Effective Date, all documentation and other information about the Borrower and the Servicer as shall have been reasonably
requested in writing at least ten Business Days prior to the Amendment Effective Date by the Agent or New Lender that they shall
have reasonably determined is required by regulatory authorities under applicable “know your customer” and anti-money
laundering rules and regulations, including without limitation the USA PATRIOT Act;

 

(h) after
giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing or shall be caused by the transactions contemplated by this Amendment; 

 

(i) after
giving effect to this Amendment, the representations and warranties of the Borrower and the Servicer set forth in this Amendment and the other Transaction Documents shall be true and correct in all material
respects with the same effect as if then made (except to the extent stated to relate to a specific earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date); and

 

(j) the
Borrower shall have paid all fees payable to the Agent under the Fee Letter and Loan Agreement, including all reasonable and documented fees and expenses of Agent in connection with the negotiation, preparation,
execution and delivery of this Amendment and the Transaction Documents (including, without limitation, the fees and expenses of
counsel to Agent).

 

5. Representations
and Warranties. The Borrower and Servicer hereby represent and warrant to Agent, the Existing Lender and New Lender as follows:

 

(a) The
Amendment and the transactions contemplated herein are within the Borrower’s and Servicer’s organizational powers and have been duly authorized by all necessary organizational actions and, if required,
actions by equity holders. The Amendment has been duly executed and delivered by the Borrower and Servicer and constitutes a legal,
valid and binding obligation of the Borrower and Servicer, enforceable in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law.

 

    5

     

    

 

(b) The
Amendment (i) does not require any consent or approval of, registration or filing with, or any other action by, any governmental
authority, except such as have been obtained or made and are in full force and effect, (ii) will not violate any law applicable
to the Servicer, the Borrower or any Subsidiary, (iii) will not violate or result in a default under any indenture, agreement
or other instrument binding upon the Servicer, the Borrower or any Subsidiary or the assets of the Servicer, the Borrower or any
Subsidiary, or give rise to a right thereunder to require any payment to be made by the Servicer, the Borrower or any Subsidiary,
and (iv) will not result in the creation or imposition of any Lien on any asset of the Servicer, the Borrower or any Subsidiary,
except Liens created pursuant to the Transaction Documents.

 

(c) All
of the representations and warranties contained in Section 8 of the Loan Agreement are correct on and as of the date hereof as
though made on and as of such date.

 

6. Reaffirmation.
Servicer, in its capacity as the “Pledgor” under and as defined in the Pledge Agreement, hereby (a) consents to the
execution and delivery by the Borrower of this Amendment and ratifies and confirms the terms of the Pledge Agreement with respect
to the Obligations now or hereafter outstanding under the Loan Agreement as amended hereby, (b) acknowledges and agrees that all
obligations of the Borrower owing to New Lender under the Loan Agreement and the other Transaction Documents, as amended hereby,
are included in the "Obligations," as such term is used in the Pledge Agreement, and are secured by the Pledge Agreement
and (c) acknowledges and agrees that, notwithstanding anything to the contrary contained herein or in any other document evidencing
any indebtedness of the Borrower to the Agent or the Lenders or any other obligation of the Borrower, or any actions now or hereafter
taken by the Agent or the Lenders with respect to any obligation of the Borrower, the Pledge Agreement, and its obligations thereunder,
remain in full force and effect in accordance with its terms, without release, diminution or impairment, notwithstanding the execution
and delivery of this Amendment and the other Transaction Documents contemplated hereby.

 

7. References.
All references in the Loan Agreement to “this Agreement” shall be deemed to refer to the Loan Agreement as amended
hereby; and any and all references in the Transaction Documents to the Loan Agreement shall be deemed to refer to the Loan Agreement
as amended hereby.

 

8.  No
Waiver. The execution of this Amendment and any documents related hereto and the acceptance of all other agreements and instruments
related hereto shall not be deemed to be a waiver of any Default or Event of Default under the Loan Agreement or a waiver of any
breach, default or event of default under any Transaction Document or other document held by Lenders, whether or not known to
Lenders and whether or not existing on the date of this Amendment.

 

9.  Release.
The Borrower and Servicer each hereby absolutely and unconditionally releases and forever discharges Agent and Lenders, and any
and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors
and assigns thereof, together with all of the present and former directors, officers, agents and employees of any of the foregoing,
from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon
contract or tort or under any state or federal law or otherwise, which the Borrower or Servicer has had, now has or has made claim
to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning
of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured
or known or unknown.

 

    6

     

    

 

10. Costs
and Expenses. The Borrower hereby reaffirms its agreement under the Loan Agreement to pay or reimburse Agent on demand for
all costs and expenses incurred by Agent in connection with the Transaction Documents, including without limitation all reasonable
fees and disbursements of legal counsel. Without limiting the generality of the foregoing, the Borrower specifically agrees to
pay all fees and disbursements of counsel to Agent for the services performed by such counsel in connection with the preparation
of this Amendment and the documents and instruments incidental hereto. Borrower hereby agrees that Lenders may, at any time or
from time to time in its sole discretion and without further authorization by Borrower, make a loan to Borrower under the Loan
Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses.

 

11.  Counterparts.
This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. Delivery of a signature page of this Amendment by telecopy or other electronic means (including,
but not limited to, in “tif” or ‘pdf” format) shall be effective as delivery of a manually executed counterpart
of such agreement.

 

12. Choice
of Law and Venue. Without limiting the applicability of any other provisions of the Loan Agreement or any other Transaction
Document, the terms and provisions set forth in Section 13.13 and 13.14 of the Loan Agreement are expressly incorporated herein
by reference.

 

[Signature
Page Follows]

 

    7

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized
officers as of the day and year first above written.

 

	ATTEST:	 	BORROWER:
	 	 	 
	/s/
    Kyle Hanney	 	FRC FUNDING I, LLC
	Kyle Hanney	 	 
	 	 	By:	/s/ Richard
    A. Petrocelli
	 	 	Name:	Richard A. Petrocelli 
	 	 	Title:	Chief Operating Officer

 

	ATTEST:	 	SERVICER:
	 	 	 
	/s/
    Kyle Hanney	 	FLAT ROCK CAPITAL CORP.
	Kyle Hanney	 	 
	 	 	By:	/s/ Richard
    A. Petrocelli
	 	 	Name:	Richard A. Petrocelli
	 	 	Title:	Chief Operating Officer

 

Signature
Page – First Amendment to Loan and Security Agreement

 

     

     

    

 

	 	AGENT
    AND LENDERS:
	 	 
	 	STATE
    BANK AND TRUST COMPANY, 

    as Agent and a Lender
	 	 	 
	 	By:	/s/
    Jessica Ernst
	 	Name:	Jessica
    Ernst
	 	Title:	Vice
    President

 

Signature
Page – First Amendment to Loan and Security Agreement

 

     

     

    

 

	 	HITACHI CAPITAL AMERICA CORP.,
    

    as a Lender
	 	 	 
	 	By:	/s/
    Michael A. Semanco
	 	Name: 	Michael A. Semanco
	 	Title: 	Division President
	 	 
	 	Address for Notices: 
	 	800 W. University Drive 
	 	Rochester, MI 48307

 

Signature
Page – First Amendment to Loan and Security AgreementReliant Holdings, Inc. 8-K

 

EXHIBIT
10.2

 

FIRST
AMENDMENT TO LOCK-UP AGREEMENT

 

This
First Amendment To Lock-Up Agreement, dated as of December 5, 2017 (this “Agreement”) and effective
as of November 7, 2017 (the “Effective Date”), amends that certain Lock-Up Agreement (the “Lock-Up”)
made and entered into as of November 7, 2017, by and among the individuals and entities who have signed a form of page 4 of this
Agreement below (each a “Signature Page” and each party, a “Shareholder”,
and collectively, the “Shareholders”) and Reliant Holdings, Inc., a Nevada corporation (the “Company”).

 

WHEREAS,
the Company and the Shareholders desire to amend the Lock-Up on the terms and conditions set forth below.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants, agreements, and considerations herein contained, and
other good and valuable consideration, which consideration the parties hereby acknowledge and confirm the receipt and sufficiency
thereof, the parties hereto agree as follows:

 

1.                 

Amendment to Lock-Up.

 

(a)       

Effective
as of the Effective Date, Section 1.1 of the Lock-Up is hereby amended and restated to provide as follows:

 

“1.1 

Until
the first anniversary of the Effective Date (the “Lock-Up Period”), the Shareholder will not, directly
or indirectly Transfer any of the Shares, except that the Shareholder may Transfer not more than 25,000 (as adjusted for any stock
split, recapitalization or combination) of the Shares in any ninety (90) day period (the “Lock-Up”),
which Transfers in any ninety (90) period shall be non-cumulative and shall not carry over from one ninety (90) day period to
the next. “Transfer” means the offer for sale, sale, pledge, hypothecation, transfer, assignment or
other disposition of (or to enter into any transaction or device that is designed to, or could be expected to, result in the sale,
pledge, hypothecation, transfer, assignment or other disposition at any time) (including, without limitation, by operation of
law), or the entry into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic
benefits or risks of ownership of the Shares, whether any such transaction is to be settled by delivery of Shares or other securities,
in cash or otherwise.”

 

2.                 

Consideration. Each of the parties agrees and confirms by signing below that they have received valid consideration
in connection with this Agreement and the transactions contemplated herein.

 

Mutual
Representations, Covenants and Warranties. Each of the parties, for themselves and for the benefit of each of the other
parties hereto, represents, covenants and warranties that (a) such party has all requisite power and authority, corporate or otherwise,
to execute and deliver this Agreement and to consummate the transactions contemplated hereby and thereby and this Agreement constitutes
the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’
rights generally and general equitable principles;  (b) the execution and delivery by such party and the consummation of the
transactions contemplated hereby and thereby do not and shall not, by the lapse of time, the giving of notice or otherwise: (i)
constitute a violation of any law; or (ii) constitute a breach of any provision contained in, or a default under, any governmental
approval, any writ, injunction, order, judgment or decree of any governmental authority or any contract to which such party is
bound or affected; and (c) any individual executing this Agreement on behalf of an entity has authority to act on behalf of such
entity and has been duly and properly authorized to sign this Agreement on behalf of such entity.

 

    	 Page 1 of 4
First Amendment to Lock-Up Agreement

    	 

    

3.                 

Further Assurances. The parties agree that, from time to time, each of them will take such other action and to execute,
acknowledge and deliver such contracts, deeds, or other documents as may be reasonably requested and necessary or appropriate
to carry out the purposes and intent of this Agreement and the transactions contemplated herein.

 

4.                 

Effect
of Agreement. Upon the effectiveness of this Agreement, each reference in the Lock-Up to
“Agreement,” “hereunder,” “hereof,” “herein” or words
of like import shall mean and be a reference to such Lock-Up as modified or amended hereby.

 

5.                 

Lock-Up
to Continue in Full Force and Effect. Except as specifically modified or amended herein,
the Lock-Up and the terms and conditions thereof shall remain in full force and effect.

 

6.                 

Entire Agreement. This Agreement sets forth all of the promises, agreements, conditions, understandings, warranties
and representations among the parties with respect to the transactions contemplated hereby and thereby, and supersedes all prior
agreements, arrangements and understandings between the parties, whether written, oral or otherwise.

 

7.                 

Construction. In this Agreement words importing the singular number include the plural and vice versa; words importing
the masculine gender include the feminine and neuter genders.

 

8.                 

Heirs, Successors and Assigns. Each and all of the covenants, terms, provisions and agreements herein contained shall
be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and
assigns.

 

9.                 

Counterparts and Signatures. This Agreement and any signed agreement or instrument entered into in connection with
this Agreement, and any amendments hereto or thereto, may be executed in one or more counterparts, all of which shall constitute
one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif,
..jpeg or similar attachment to electronic mail (any such delivery, an “Electronic Delivery”) shall be
treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person. No party shall raise the use of Electronic Delivery
to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use
of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except
to the extent such defense relates to lack of authenticity.

    	 Page 2 of 4
First Amendment to Lock-Up Agreement

    	 

    

IN
WITNESS WHEREOF, parties have caused this Agreement to be signed and delivered by their duly authorized representatives as
of the date first set forth above to be effective as of the Effective Date.

 

	THE COMPANY:
	 	 
	RELIANT HOLDINGS, INC.
	 	 
	 	 

	By: 	/s/ Elijah May
	 	 
	Its:  	CEO

	 	 
	Printed Name:  	Elijah May

[Signature
page(s) of Shareholders follow.]

 

 

    	 Page 3 of 4
First Amendment to Lock-Up Agreement

    	 

    

 

SHAREHOLDER:

 

 

	By:	/s/ Don Maler
	 	 

	Printed Name: 	Don Maler
	 	 
	If Entity:	 

	 	 
	Position of Signatory with Entity: 	 
	 	 

	Entity Name: 	 
	 	 

	Shares Beneficially Owned: 	 

 

 

 

 

    	 Page 4 of 4
First Amendment to Lock-Up Agreement

    	 

    

 

	By:	/s/ Joel Hefner 
	 	 

	Printed Name: 	Joel Hefner 
	 	 
	If Entity:	 

	 	 
	Position of Signatory with Entity: 	 
	 	 

	Entity Name: 	 
	 	 

	Shares Beneficially Owned: 	 

 

    	 	Page 4 of 4
First Amendment to Lock-up Agreement
	 

    	 

    

 

	By:	/s/ Julie Hale
	 	 

	Printed Name: 	Julie Hale 
	 	 
	If Entity:	 

	 	 
	Position of Signatory with Entity: 	 
	 	 

	Entity Name: 	 
	 	 

	Shares Beneficially Owned: 	 

 

 

    	 	Page 4 of 4
First Amendment to Lock-up Agreement
	 

    	 

    

	By:	/s/ Marsha Hash
	 	 

	Printed Name: 	Marsha Hash 
	 	 
	If Entity:	 

	 	 
	Position of Signatory with Entity: 	 
	 	 

	Entity Name: 	 
	 	 

	Shares Beneficially Owned: 	 

 

 

    	 	Page 4 of 4
First Amendment to Lock-up Agreement
	 

    	 

    

	By:	/s/ Edward M. Liceaga
	 	 

	Printed Name: 	Edward M. Liceaga 
	 	 
	If Entity:	 

	 	 
	Position of Signatory with Entity: 	President 
	 	 

	Entity Name: 	River North Equity, LLC 
	 	 

	Shares Beneficially Owned: 	500,000

 

 

 

 

    	 	Page 4 of 4
First Amendment to Lock-up Agreement

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