Document:

Exhibit 10.10

 

Account: #18007170

PHARMACOLOGY UNIVERSITY INC

 

BUSINESS-USE
LINE OF CREDIT AGREEMENT ("Agreement")

 

	Line of Credit Number: 2019TX320295421	Date:
    10/08/2019
	Lender:
    Headway Capital, LLC	Borrower: PHARMACOLOGY UNIVERSITY
    INC
	 	Guarantor: Henry Levinski

 

		1.	General; Certain Definitions. This Agreement governs the terms of the line of credit
                                                               provided by Headway Capital, LLC ("Headway Capital") under this Agreement (the "Line of Credit"). As used in
                                                               this Agreement, the words "we", "us" and "our" mean Headway Capital and Headway Capital’s
                                                               successors and assigns and for purposes of the Arbitration Provision (Section 14), the other persons identified in the Arbitration Provision. The
words "you", "your", and "yours" mean the entity, proprietorship and any other person identified above
as the Borrower (collectively, jointly and severally, "Borrower"). The word "Guarantor" means the individual
(or, if more than one, each individual) identified above as the Guarantor. "Website" means headwaycapital.com, where you
can obtain information about your Line of Credit, request advances under the Line of Credit ("Advances"), arrange for
payments on your Line of Credit and manage your Line of Credit. "Notice Address" means our address above or such updated
address as we shall provide by notice to you at any time.

		2.	Advances.

		a.	Advance
                                            Limits. Subject to the Credit Limit, the minimum Advance amount and the Advance
                                            increments we establish, we will make Advances that you request from time to time, so long
                                            as you have made all payments required under this Agreement at the time you request an Advance.
                                            The maximum Advance amount is the amount of available credit under the Line of Credit. Any
                                            employee of yours, any person you authorize to obtain Advances and any person who receives
                                            password and authentication information sufficient to access the secured portion of the Website
                                            devoted to your Line of Credit (each, a "Permitted User") may initiate an Advance.
                                            You agree that you will only use the Line of Credit for the business purposes described
                                            in your application for the Line of Credit (the "Application")—not for personal,
                                            family and household purposes—and you will not use the Line of Credit to engage in
                                            or facilitate internet gambling, to buy "margin stock" or to pay any amount owed
                                            to us. You further agree not to use the Line of Credit for any unlawful purpose or in violation
                                            of any applicable law.

		b.	Requesting
                                            Advances. To obtain an Advance, you must go to the Website, establish your identity
                                            through the procedures we have adopted and follow the series of prompts you will receive.
                                            During this process, we will provide you with information about the interest rate that will
                                            apply and the repayment term options you will have if you choose to obtain the Advance. After
                                            you review this information, you will have the opportunity to obtain the Advance and choose
                                            your preferred repayment term option. You will also have the opportunity, if you choose,
                                            to decline the Advance and leave the Line of Credit unchanged, including the interest rate
                                            and required payments on existing Advances.

		c.	Deposit
                                            of Advance Funds into Designated Bank Account. Advances will be made by an electronic
                                            transfer of funds of the amount of the Advance to the bank account you have designated in
                                            applying for the Line of Credit or the bank account you subsequently designate (the "Bank
                                            Account"). Any Advance Fee will be added to your account balance. Depending upon whether
                                            you request an Advance on a business day or non-business day, and depending upon the time
                                            of day you request an Advance, the funds typically will be available in the Bank Account
                                            on the first or second business day after you make an Advance request.

 

 

 

    	 	1	 

     

    

 

		3.	Credit Limit.

		a.	Limits
                                            on Advances. You may obtain multiple Advances under the Line of Credit, and the
                                            amount of credit available to you will generally be replenished to the extent that you repay
                                            any outstanding balance. The "Credit Limit" equals the total principal amount you
                                            are permitted to have outstanding under the Line of Credit at any time. You agree not to
                                            seek or obtain any Advance if the outstanding balance of your Line of Credit is in excess
                                            of the Credit Limit or would exceed the Credit Limit after the Advance. You agree that we
                                            are not required to honor a request for any such Advance. However, if we do, you agree to
                                            pay all amounts exceeding the Credit Limit immediately upon our demand. When you make any
                                            payment, we may delay increasing your available credit until the payment has cleared.

		b.	Initial
Credit Limit; Adjustments in Credit Limit. We have established your initial Credit Limit at $15,000.00. We may decrease your
Credit Limit, suspend or terminate your credit privileges, limit the number or dollar amount of Advances that can be charged to your
Line of Credit or close your Line of Credit at any time, with or without prior notice, subject to any limitations under applicable law.
We will typically obtain a credit report on you and evaluate your Credit Limit on a quarterly basis. We may reduce your Credit Limit
for any reason, including but not limited to if we become aware of any deterioration in your credit standing or we believe that economic
conditions or the functioning of the Line of Credit program so warrant. We will promptly notify you in writing (by sending an email to
the email address we have in our records for you) if we reduce your Credit Limit. We may increase your Credit Limit at any time or from
time to time, whether or not you request an increase, provided that any increase will be subject to underwriting approval in our absolute
discretion. You agree to provide us from time to time with any financial or other information we reasonably request to determine your
appropriate Credit Limit.

		4.	Interest Charges.

		a.	General.
                                            Each day, we will charge you interest in an amount equal to the Balance Subject to
                                            Interest Rate times the applicable Daily Periodic Rate disclosed to you on the Website when
                                            you obtain an Advance. To calculate the interest for a billing cycle, we will total the interest
                                            for each day in the cycle.

		b.	Balance
                                            Subject to Interest Rate. Each day, the "Balance Subject to Interest Rate"
                                            will equal the closing principal balance under your Line of Credit. Each day, we will compute
                                            this amount by taking the beginning principal balance of your Line of Credit, adding any
                                            Advances and subtracting any payments or credits applied to principal. We will not include
                                            any interest or fees in these balances and will not charge interest on interest or fees.
                                            We will disregard any balance less than $0.

		c.	Interest
                                            Rates. If you were to obtain an Advance as of the date of this Agreement, the
                                            "Daily Periodic Rate" of interest would be 0.14%, which corresponds to a “Monthly
                                            Periodic Rate” of 4.17% and an Annual Percentage Rate ("APR") of 53.74%.
                                            Each time you obtain a new Advance, the Daily Periodic Rate (and APR) may stay the same or
                                            decrease. Any decrease in rates will apply both to the new Advance and to unpaid prior Advances.
                                            Before you obtain the Advance, we will advise you of the new Daily Periodic Rate and APR
                                            that will apply. You will have the opportunity to decline the Advance if you choose, in which
                                            case your rates will remain at their then current levels.

		d.	No
                                            Grace Period. Interest begins on the date each Advance posts to your Line of Credit.
                                            There is no grace period.

		5.	Fees. Each time you obtain an Advance, we will charge an "Advance Fee" equal to 2%
of the Advance. We do not charge a returned item fee, however, your bank may charge its own fee for any dishonored items. If your minimum
monthly payment is in default for a period of not less than 10 days, we may charge a Late Fee equal to 5% of the amount of the minimum
monthly payment. If a minimum monthly payment remains delinquent, we will not charge a Late Fee on that payment more than once.

		6.	Payments.

		a.	Frequency
                                            of Payments. Your payments will be due on a monthly basis. Every payment otherwise
                                            due on a day that is not a business day will instead be due the next business day (but interest
                                            will continue to accrue on unpaid principal until the payment is actually received).

		b.	Number
                                            and Dollar Amount of Payments. Before each Advance, we will provide you with one
                                            or more potential payment schedules you can select. We may allow you to determine the number
                                            of monthly payments and the dollar amount of monthly payments you prefer. Each potential
                                            payment schedule will be designed to pay off the entire amount you will owe under the Line
                                            of Credit after the Advance in substantially equal periodic payments (subject to an adjusted
                                            final payment to account for early or late payments, rounding issues, programming limitations
                                            and similar causes). The required payment period will be from 12 to 24 months (but may be
                                            in a narrower range based on the dollar amount of Advances that will be outstanding and/or
                                            your credit standing).

 

 

 

    	 	2	 

     

    

 

		c.	Allocation
                                            of Payments. Payments will be applied first towards past due amounts, next to
                                            fees, then to interest and finally to principal.

		d.	Prepayments.
                                            You may prepay amounts outstanding under the Line of Credit in whole or in part at any
                                            time, without penalty.

		7.	Payment Authorization.

		a.	Periodic
                                            Payments; Authorizing Higher Frequency Payments. You authorize and direct us to
                                            initiate an electronic payment from the Bank Account for each monthly payment due under the
                                            Line of Credit on or after the scheduled payment date. We may adjust the amount of the nal
                                            payment on any outstanding balance so it does not exceed the total amount you owe under the
                                            Line of Credit. Each time you obtain an Advance, you will be asked to tell us whether you
                                            wish to instead authorize electronic payments on a more frequent basis throughout the month
                                            that total at least the minimum monthly payment due. You may authorize such electronic payments
                                            every business day, every week or every other week. If you choose higher frequency electronic
                                            payments, you authorize and direct us to initiate such payments from the Bank Account at
                                            the frequency you specify. In the event that you choose to authorize higher frequency payments
                                            and a payment is not successful (because, e.g., you do not have sufficient funds in your
                                            Bank Account), we will not deem your Line of Credit in default unless payments made during
                                            the billing cycle fall short of the minimum payment due by the associated due date. If one
                                            or more of the higher frequency payments is not successful, we may, in our sole discretion,
                                            continue seeking the higher frequency payments or discontinue seeking such payments and instead
                                            seek larger payments on a less frequent basis. In the event that we decide to seek larger
                                            payments on a less frequent basis, you authorize and direct us to initiate an electronic
                                            payment from the Bank Account for such payments. Your bank may charge you fees for unsuccessful
                                            electronic payments, and you agree that we will have no liability to you for such fees.

		b.	Advances.
                                            You authorize and direct us to credit the Bank Account with the amount of any Advance we
                                            issue.

		c.	Bank
                                            Account Verification. You authorize us to verify any information you have provided
                                            about the Bank Account and to correct any missing, erroneous or out-of-date information.
                                            You promise us that the Bank Account is just that—your bank account—and that
                                            you have the power and authority to initiate payments from the Bank Account and to authorize
                                            us to initiate payments from the Bank Account. You promise that the Bank Account is a legitimate,
                                            open, and active Bank Account.

		d.	Additional
                                            Amounts. You authorize us to initiate an electronic payment from the Bank Account
                                            for any fee or charge you owe.

		e.	Error
                                            Correction. In the event we make an error in processing any payment or credit,
                                            you authorize us to initiate a payment to or from the Bank Account to correct the error.

		f.	Resubmissions.
                                            You agree that we may resubmit up to two times any payment that is dishonored.

		g.	No
                                            Termination. You agree to keep this authorization in force so long as this Agreement
                                            remains in place and/or any amount remains outstanding under the Line of Credit.

		h.	Compliance
                                            with Law and Network Rules. You acknowledge that the origination of electronic
                                            payments from or to the Bank Account must comply with U.S. law and applicable network rules.

		i.	Voluntary
                                            Payments by Other Methods. In addition to or instead of any payment under this
                                            payment authorization, you may arrange for different ACH payments on the Website or mail
                                            payments to us by check or money order.

		8.	Monthly Statements. We
will send you a monthly statement (via email to the email address we have on record for you) if you have a Line of Credit balance or
incur any interest or fee during a monthly billing period. Your monthly statements will show, among other matters: (a) Advances; (b)
payments, (c) credits and adjustments; (d) interest charges and fees; and (e) scheduled payments for the next billing cycle.

		9.	Default. Subject to applicable law, we may declare you to be in default under this Agreement
if any one or more of the following events occurs: (a) you fail to make any required monthly payment when due; (b) you exceed your Credit
Limit; (c) you make a payment which is dishonored or fail to keep the Bank Account in place or the payment authorization in Section 7
in place; (d) you breach any obligation in this Agreement; (e) you die or are declared legally incompetent; (f) any other creditor tries
by legal process to take money of yours in our possession; (g) a petition is led or other proceeding is commenced by or against you under
the federal bankruptcy code or any other applicable federal or state insolvency laws; (h) you become generally unable to pay your debts;
(i) you provide us with any false or misleading information; (j) you are in default of any other agreement you have with us or any of
our affiliates; or (k) any of the foregoing events occurs with respect to any Guarantor.

 

 

 

    	 	3	 

     

    

 

		10.	Our Rights Upon Default. Upon any default, we may take one or more of the following actions,
subject to applicable law (including any applicable notice requirement and/or right to cure): (a) either declare all or any portion of
your outstanding Line of Credit balance to be immediately due and payable or, without waiving any rights, allow you to repay your Line
of Credit balance by making scheduled payments; (b) terminate or suspend your Line of Credit privileges and/or cancel your Line of Credit;
(c) reduce your Credit Limit or otherwise limit your ability to obtain Advances; (d) commence an action against the Borrower, the Guarantor,
or both, to collect all amounts owed in connection with this Agreement; or (e) continue charging interest on the outstanding principal
balance at the rate specified above. We also may charge you court costs and reasonable attorneys' fees that we actually incur (including
court costs and attorneys' fees in connection with appeals and/or bankruptcy proceedings), as permitted by applicable law, if your Line
of Credit is sent for collection to an attorney who is not our salaried employee.

		11.	Representations and Warranties. You hereby represent and warrant to us, as of the date hereof,
as follows:

		a.	Your form of organization is correctly set forth on the Application. Unless you are an individual or
sole proprietorship, you were duly incorporated or formed and are validly existing and in good standing under the laws of the state set
forth on the Application. (i) You are duly qualified, licensed and in good standing in every state in which you are doing business; (ii)
your principal office and the location where you keep your records concerning your accounts, contract rights and other property, are
accurately shown in the Application; (iii) your exact legal
name is accurately set forth in the Application; (iv) you have the requisite power and authority, and the legal right, to own, lease and
operate your properties and assets and to conduct your business as it is now being conducted; (v) you are complying and will comply with
all laws, statutes, regulations and ordinances pertaining to the conduct of your business and will indemnify and hold us harmless from
any damages, liabilities, costs, expenses (including attorneys' fees) or other harm arising out of any violation thereof; (vi) all of
your organization papers and all amendments thereto have been duly led and are in proper order, and any capital stock, member interest
or other equity issued by you and outstanding was and is properly issued; and (vii) all your books and records are accurate and up to
date and will be so maintained.

		b.	No consent or authorization of, ling with, notice to or other act by, or in respect of, any
                                                               governmental authority or any other individual or entity is required in order for you to execute, deliver, or perform ay of your
                                                               obligations under this Agreement. The execution, delivery and performance of the Agreement and any other document executed in
                                                               connection therewith (including the Application) are within your powers, have been duly authorized, are not in contravention of law
                                                               or the terms of your charter, by-laws or other organization papers, if any, or of any indenture, contract, agreement or undertaking
                                                               to which you are a party. You are subject to no charter, corporate or other legal restriction, or any judgment, award, decree,
                                                               order, governmental rule or regulation or contractual restriction that could have a material adverse effect on your financial
                                                               condition, business or prospects. You are in compliance with your organization documents and by-laws, if any, all contractual
                                                               requirements by which you may be bound and all applicable laws, rules and regulations where the failure to comply might materially
                                                               adversely affect your financial condition, business or prospects or your ability to perform your obligations under this
                                                               Agreement.

		c.	There is no action, suit, proceeding or investigation pending or, to your knowledge, threatened against
or affecting you or any of your assets which, if determined adversely, could have a material adverse effect on your financial condition, business
or prospects or your ability to perform your obligations under this Agreement.

		d.	This Agreement is your valid, legal and binding obligation, enforceable against you in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings
in equity or at law).

		12.	Covenants. Until all amounts outstanding under this Agreement have been paid in full:

		a.	You will: (i) preserve, renew and maintain in full force and effect your corporate or organizational
existence, if any; (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable for the normal
conduct of your business; and (iii) remain duly qualified, licensed and in good standing in your state of organization (if any) and every
other state in which you are doing business.

		b.	You will comply with: (i) all of the terms and provisions of your organizational documents and by-laws,
if any; (ii) your obligations under your material contracts and agreements; and (iii) all laws and orders applicable to you and your business,
except where the failure to do so could not reasonably be expected to have a material adverse effect on your financial condition, business
or prospects or your ability to perform your obligations under this Agreement.

 

 

 

    	 	4	 

     

    

 

		c.	You will pay, discharge or otherwise satisfy at or before maturity or before they become delinquent,
as the case may be, all of your material obligations of whatever nature, including without limitation all amounts as are or may be due
under this Agreement.

		d.	Without our prior written consent, you will not merge or consolidate with or into any other business
entity, sell your assets or enter into any joint venture or partnership with any person, firm or corporation.

		e.	Without our prior written consent, you will not: (i) change your name, place of business, chief executive
office, mailing address or organizational identification number, if any; or (ii) change your type of organization, jurisdiction of organization
or other legal structure.

		f.	Promptly upon our request, you will provide us with such information about your financial condition and
operations as we may from time to time reasonably request.

		g.	Promptly upon becoming aware of any event of default or the occurrence or existence of an event which,
with the passage of time or the giving of notice or both, would constitute an event of default, you will provide notice thereof to us
in writing.

		13.	Personal Guaranty. As consideration for us to enter into this Agreement and lend funds to the
Borrower, each Guarantor, acting in their personal and individual capacity, unconditionally guarantees, and becomes directly liable to
us for, all of the Borrower's payment and performance obligations under this Agreement (the "Guaranteed Obligations"). Without
in any way limiting this Section or anything else in this Agreement, each Guarantor specifically agrees as follows:

		a.	Guarantor is an owner or principal of
                                            the Borrower, or otherwise holds a direct or indirect interest in the Borrower, and will
                                            benefit significantly from our extension of credit to the Borrower on the terms provided
                                            in this Agreement. Guarantor is signing this Agreement, and is agreeing to become liable
                                            to us for the Guaranteed Obligations, at the request of Borrower. Guarantor agrees that
                                            the line of credit is for the business purposes of Borrower only, and that Guarantor is not
                                            using this Line of Credit for any personal, family or household purposes, to engage in or
                                            facilitate internet gambling, to buy "margin stock," or to pay any amount owed
                                            to us.

		b.	Guarantor's liability under this Agreement is unconditional and unlimited. If more than one Guarantor
signs this Agreement, the liability of all Guarantors is joint and several. Each Guarantor understands that, at any time after an event
of default, we may proceed against any Guarantor directly to collect the Guaranteed Obligations or enforce our rights under this Agreement,
without first attempting to obtain payment from Borrower, any other Guarantor, any collateral or other security for the Guaranteed Obligations,
or any other party who may also be liable to us for any of the Guaranteed Obligations.

		c.	By signing this Agreement, Guarantor specifically agrees to, and makes, each of the representations,
warranties and covenants made by the Borrower in Sections 11 and
12 of this Agreement, as if those representations, warranties and covenants were set forth in their entirety in this Section 13. Guarantor
agrees that all references in Sections 11 and 12 to "you," "your" or "yours" apply to the Guarantor, individually.

		d.	Guarantor understands that we do not need to notify Guarantor of any of the following events: (i) Borrower's
failure to timely pay any amount due under this Agreement, or failure to comply with any of its performance obligations under this Agreement;
(ii) the occurrence of any other event of default under this Agreement; (iii) any adverse change in the Borrower's business or financial
condition; (iv) any collection, sale or other disposition of any collateral or other security for the Guaranteed Obligations; or (v) any
modification, renewal, extension or amendment to this Agreement, or the terms for payment or performance of the Guaranteed Obligations.
Guarantor further understands that its liability under this Agreement will not be released or affected in any way if any of the events
in this paragraph occur.

		e.	Guarantor further understands that we may take any of the following actions, without notifying Guarantor,
and without releasing or affecting the Guarantor's liability under this Agreement: (i) modify, renew, extend or amend this Agreement, or
the terms for payment and performance of the Guaranteed Obligations; (ii) release the Borrower from its obligations under this Agreement;
(iii) collect, sell or otherwise dispose of any collateral or other security for the Guaranteed Obligations; (iv) foreclose on any collateral
or other security in a way that may prevent Guarantor from obtaining reimbursement from the Borrower or any other party for any payments
that Guarantor makes under this Agreement; or (v) delay or agree to forbear from enforcing our rights under this Agreement.

 

 

 

    	 	5	 

     

    

 

		f.	Until all of the Guaranteed Obligations have been paid and satisfied in full, Guarantor agrees not to
seek reimbursement from the Borrower or any other Guarantor for any payments that Guarantor makes under this Agreement. If Guarantor receives
any reimbursement, Guarantor will hold that amount in trust for us, and immediately pay that amount to us, to be applied to the Guaranteed
Obligations. Guarantor waives, and agrees not to exercise, any right of subrogation, reimbursement, performance, indemnification, or contribution
that it may have against the Borrower or any other Guarantor for any amounts paid or actions taken by Guarantor under this Agreement.
Guarantor understands that its liability under this Agreement includes any amounts which we receive from the Borrower or any other Guarantor,
but which we are required to return as a result of insufficient funds, bankruptcy proceedings, or for any other reason.

		g.	Guarantor understands that any disputes or claims relating to this Agreement are subject to arbitration,
on the terms set forth in Section 14 of this Agreement. Each Guarantor specifically acknowledges that (i) he or she has read this Agreement
and understands all of its terms, including the Guarantor's obligations and liability under this Section, (ii) before signing this Agreement,
he or she had an opportunity to review this Agreement with an attorney of Guarantor's own choice, and (iii) he or she has signed this
Agreement after consulting with his or her chosen attorney, or has decided not to consult an attorney.

		h.	Guarantor understands and agrees that each of the provisions in Section 15 of this Agreement apply to
the Guarantor and the collection of the Guaranteed Obligations, as if each of those provisions were set forth in their entirety in this
Section 13. Guarantor agrees that all references in Section 15 to "you," "your" or "yours" apply to the
Guarantor, individually.

		14.	Arbitration Provision.

		a.	General:
                                            Either you or we may elect to arbitrate or require the other party to arbitrate any
                                            Claim (as defined below) under the following terms and conditions. If you or we elect to
                                            arbitrate a Claim, neither you nor we will have the right to: (i) have a court or a jury
                                            decide the Claim; (ii) participate in a class action in court or in arbitration, either as
                                            a class representative or a class member; (iii) act as a private attorney general in court
                                            or in arbitration; or (iv) join or consolidate your Claim(s) with claims of any other person.
                                            The right to appeal and the right to pre-arbitration discovery are more limited in arbitration
                                            than in court. Other rights that you would have if you went to court may also not be available
                                            in arbitration.

		b.	Definitions:
                                            The following definitions apply to this Arbitration Provision, even if terms defined
                                            in this Arbitration Provision are defined differently or more narrowly elsewhere in this
                                            Agreement:

		I.	"We", "us" and "our" mean Headway Capital, LLC ("Headway Capital"),
together with any subsequent holder of this Agreement. Also, these terms include the parents, subsidiaries, representatives, affiliates
and successors of such companies, as well as the officers, directors, agents and employees of any of the foregoing. These terms also
include any party named as a co-defendant with us in a Claim asserted by you, such as marketing companies, credit bureaus, credit insurance
companies, Line of Credit servicers and debt collectors. "You," "your" and "yours" mean, individually and
collectively, each Borrower and each Guarantor signing this Agreement.

		II.	"Administrator" means the American Arbitration Association ("AAA"), 1633 Broadway,
10th Floor, New York, NY 10019, www.adr.org, 800-778-7879; JAMS, 620 Eighth Avenue, 34th Floor, New York, NY 10018, www.jamsadr.com, 800.352.5267;
or any other company selected by mutual agreement of the parties. If both AAA and JAMS cannot or will not serve and the parties are unable to select an Administrator by mutual consent, the Administrator will be selected by a court. The party initiating
an arbitration selects the Administrator.
Notwithstanding any language in this Arbitration Provision to the contrary, no arbitration may be administered, without the consent of
all parties to the arbitration, by any Administrator that has in place a formal or informal policy that would purport to override subsection
(d) below, captioned "No Class Actions" (the "Class Action Waiver").

 

 

 

    	 	6	 

     

    

 

		III.	"Claim" means any claim, dispute or controversy between you and us that in any way arises
from or relates to this Agreement, or the Line of Credit, including disputes arising from actions or omissions prior to the date of this
Agreement. "Claim" has the broadest reasonable meaning, and includes initial claims, counterclaims, cross-claims and third-party
claims. It includes disputes based upon contract, tort, consumer rights, fraud and other intentional torts, constitution, statute, regulation,
ordinance, common law and equity (including any claim for injunctive or declaratory relief). However, it does not include disputes about
the validity, enforceability, coverage or scope of this Arbitration Provision or any part thereof (including, without limitation, the
Class Action Waiver, the final sentence in subsection (j) under the caption "Survival, Severability, Primacy" and/or this sentence).
However, any dispute or argument that concerns the validity or enforceability of the Agreement as a whole is for the arbitrator, not a
court, to decide.

		c.	Starting
                                            or Demanding Arbitration: To start an arbitration, the party asserting the Claim
                                            (the "Claimant") must commence the arbitration in accordance with the Administrator's
                                            rules. To require arbitration of a Claim, the party defending the Claim (the "Defending
                                            Party") must give the Claimant a written demand for arbitration. This demand may be
                                            given after a lawsuit has been led and may be given in papers or motions in the lawsuit.
                                            If an arbitration is commenced or an arbitration demand is given, the Claim shall be resolved
                                            by arbitration under this Arbitration Provision and the applicable rules of the Administrator
                                            then in effect. We will not elect to arbitrate any collection action we initiate or any individual
                                            action brought by you in small claims court or your state's equivalent court, except if such
                                            action is transferred, removed, or appealed to a different court.

		d.	No
                                            Class Actions: Notwithstanding any language herein to the contrary, if you
                                            or we elect to arbitrate a Claim, neither you nor we will have the right to: (i) participate
                                            in a class action in court or in arbitration, either as a class representative, class member
                                            or otherwise; (ii) act as a private attorney general in court or in arbitration; or (iii)
                                            join or consolidate Claims by or against you with claims by or against any other person,
                                            and the arbitrator shall have no authority to conduct any such class, private attorney general
                                            or multiple-party proceeding.

		e.	Location
                                            and Costs: Any arbitration hearing that you attend will take place in a location
                                            that is reasonably convenient for you. If you cannot obtain a waiver of the Administrator's
                                            or arbitrator's ling, administrative, hearing and/or other fees, we will consider in good
                                            faith any request by you for us to bear such fees. We will pay for our own attorneys, experts
                                            and witnesses and will pay the reasonable fees and charges of your attorneys, experts and
                                            witnesses if you win the arbitration. Even if you do not win the arbitration, we will pay
                                            any of the Administrator's or arbitrator's ling, administrative, hearing and/or other fees,
                                            and the fees and charges of your attorneys, experts and witnesses, if and to the extent we
                                            are required to pay such fees and charges by law or in order to make this Arbitration Provision
                                            enforceable.

		f.	Arbitrator
                                            Selection: The arbitrator will be appointed by the Administrator in accordance
                                            with the rules of the Administrator. However, unless the parties agree otherwise, the arbitrator
                                            must be a retired or former judge or a lawyer with at least 10 years of experience.

		g.	Discovery;
                                            Getting Information: In addition to the parties' rights under the Administrator's
                                            rules to obtain information prior to the hearing, either party may ask the arbitrator for
                                            more information from the other party. The arbitrator will decide the issue in his or her
                                            sole discretion, after allowing the other party the opportunity to object.

		h.	Effect
                                            of Arbitration Award: Any court with jurisdiction may enter judgment upon the
                                            arbitrator's award. The arbitrator's award will be nal and binding, except for: (1) any appeal
                                            right under the Federal Arbitration Act, 9 U.S.C. §1 et seq. (the "FAA");
                                            and (2) Claims involving more than $50,000. For Claims involving more than $50,000, any party
                                            may appeal the award to a three-arbitrator panel appointed by the Administrator, which will
                                            reconsider anew any aspect of the initial award that is appealed. The panel's decision will
                                            be final and binding, except for any appeal right under the FAA. The costs of any appeal
                                            will be borne in accordance with subsection (e) above, captioned  "Location
and Costs."

		i.	Governing
                                            Law: This Agreement governs transactions involving interstate commerce and accordingly
                                            this Arbitration Provision shall be governed by the FAA and not by any state law concerning
                                            arbitration. The arbitrator shall follow applicable substantive law to the extent consistent
                                            with the FAA, applicable statutes of limitation and privilege rules that would apply in a
                                            court proceeding, and shall be authorized to award all remedies available in an individual
                                            lawsuit under applicable substantive law, including, without limitation, compensatory, statutory
                                            and punitive damages (which shall be governed by the constitutional standards applicable
                                            in judicial proceedings), declaratory, injunctive and other equitable relief, and attorneys'
                                            fees and costs. Upon the timely request of either party, the arbitrator shall write a brief
                                            explanation of the basis of his or her award. The arbitrator will follow rules of procedure
                                            and evidence consistent with the FAA, this Arbitration Provision and the Administrator's
                                            rules.

 

 

 

    	 	7	 

     

    

 

		j.	Survival,
                                            Severability, Primacy:This Arbitration Provision shall survive the termination
                                            of this Agreement, your fulfillment or default of your obligations under this Agreement and/or
                                            your or our bankruptcy or insolvency (to the extent permitted by applicable law). In the
                                            event of any conflict or inconsistency between this Arbitration Provision and the Administrator's
                                            rules or this Agreement, this Arbitration Provision will govern. If any portion of this Arbitration
                                            Provision, other than the Class Action Waiver, is deemed invalid or unenforceable, the remaining
                                            portions shall nevertheless remain in force. If a determination is made with respect to any
                                            Claim that the Class Action Waiver is unenforceable, only this sentence of the Arbitration
                                            Provision will remain in force and the remaining provisions shall be null and void, provided
                                            that the determination concerning the Class Action Waiver shall be subject to appeal.

		k.	Amendment/Termination:
                                            Notwithstanding any provision of this Agreement to the contrary, we will not amend
                                            this Arbitration Provision in a manner that adversely affects your rights or responsibilities
                                            in a material manner unless we give you a right to reject the amendment and/or the Arbitration
                                            Provision in its entirety.

		l.	Notice
                                            and Cure. Prior to initiating a lawsuit or arbitration regarding a legal dispute
                                            or Claim relating in any way to this Agreement, the Claimant shall give the Defending Party
                                            written notice of the Claim (a "Claim Notice") and a reasonable opportunity, not
                                            less than 30 days, to resolve the Claim on an individual basis. Any Claim Notice to you shall
                                            be sent in writing by mail to the address for you maintained in our records. Any collection
                                            letter we send to this address shall be deemed to be a Claim Notice. Any Claim Notice to
                                            us shall be sent to us by certified mail, return receipt requested, to the Notice Address,
                                            Attn: Legal Claim. Any Claim Notice you send must provide your Line of Credit Number and
                                            telephone number. Any Claim Notice must explain the nature of the Claim and the relief that
                                            is demanded. The Claimant must reasonably cooperate in providing any information about the
                                            Claim that the Defending Party reasonably requests. Upon receipt of a Claim Notice, we will
                                            credit your Line of Credit for the standard cost of a certified letter.

		m.	Special
                                            Payment: If (i) you submit a Claim Notice on your own behalf (and not on behalf
                                            of any other party) in accordance with subsection (l), captioned "Notice and Cure"
                                            (including the timing requirements thereof); (ii) we refuse to provide you with the relief
                                            you request; and (iii) an arbitrator subsequently determines that you were entitled to such
                                            relief (or greater relief), the arbitrator shall award you at least $7,500 in addition to
                                            the attorney, witness and expert fees and costs to which you are entitled.

15. Miscellaneous

		a.	Changes
                                            to this Agreement. Subject to the Arbitration Provision and applicable law: (i)
                                            You agree that we may, in our sole discretion, from time to time change any of the terms
                                            and conditions of, or add new terms and conditions to, this Agreement, including changing
                                            the method of computing interest charges or increasing or adding fees. (ii) Any such changes
                                            will generally be effective immediately unless we are required by applicable law or elect,
                                            in our discretion, to provide you with advance written notice of the changes (and/or the
                                            reasons for the changes), afford you the right to reject the change and/or obtain your consent
                                            to the change (whether by written agreement, through the initiation of an Advance after a
                                            specified date or through some other means). In such instances, those changes will be effective
                                            if, when and as stated in such notice. (iii) Any changes may apply to your outstanding Line
                                            of Credit balance on the effective date of the change and to any future balances created
                                            after that date. (iv) No change to any term of this Agreement will excuse your obligation
                                            to pay all amounts owing under this Agreement.

		b.	Governing
                                            Law/Jurisdiction. Except as set forth to the contrary in the Arbitration Provision,
                                            any claim, dispute or controversy arising from or relating to your Line of Credit or this
                                            Agreement, whether based in contract, tort, fraud or otherwise, is governed by, and construed
                                            in accordance with, federal law and, to the extent state law applies, the law of the State
                                            of Illinois. You acknowledge that this Line of Credit is payable to us in Cook County, Illinois,
                                            and that you consent to the non-exclusive jurisdiction of the federal and state courts located
                                            in the State of Illinois for any litigation relating to this Agreement or the Line of Credit,
                                            subject to the requirements of the Arbitration Provision. You further acknowledge that (i)
                                            we are domiciled and have our principal place of business in Illinois, (ii) we received and
                                            evaluated your Line of Credit application in Illinois, (iii) this Agreement is not consummated
                                            until countersigned by us at our offices in Illinois and (iv) any Advances you request under
                                            the Line of Credit will be disbursed from a bank account of ours located in Illinois.

 

 

 

    	 	8	 

     

    

 

		c.	Correspondence.
                                            All notices to us must be sent to the Notice Address, with such attention as may be
                                            specified in this Agreement. To the extent permitted under applicable law, any notice you
                                            send us will not be effective until we receive and have had a reasonable opportunity to act
                                            on such notice. Any written or electronic correspondence we send to you will be effective
                                            and deemed delivered when sent in accordance with any authorization for electronic communications
                                            you execute or mailed to you at your mail address, as it appears on our records.

		d.	Reporting
                                            Information to Credit Bureaus; Identity Theft. We may report information
                                            about the Line of Credit and this Agreement to other creditors, other financial institutions
                                            and credit bureaus. Late payments, missed payments or other defaults on the Line of Credit
                                            may be reflected in your credit report. You have the right to dispute the accuracy of
                                            information we have reported. If you believe that any information that we have reported to
                                            a credit bureau is inaccurate, or if you believe that you have been the victim of identity
                                            theft in connection with the Line of Credit or this Agreement, write us at the Notice Address,
                                            Attn: Fraud/Dispute. Please include your name, address, Line of Credit Number, telephone
                                            number and a brief description of the problem. If available, please include a copy of the
                                            credit report in question. If you believe that you have been the victim of identity theft,
                                            you should send us a police report or written statement in a form we provide you alleging
                                            that you are the victim of identity theft for a specific debt.

		e.	Bankruptcy.
                                            All bankruptcy notices and related correspondence to us must be sent to us at the
                                            Notice Address, Attn: Bankruptcy Notice. You promise that you have no current intent to file
                                            any bankruptcy petition and have not consulted a bankruptcy attorney in the past six months.

		f.	Notices
                                            of Change in Circumstances. You must notify us of any changes to your name, mailing
                                            or email address, home, cell or business phone number within fifteen
(15) days by writing us at the Notice Address or going on the Website. We will rely on your mail and email addresses as they appear on
our records for any and all Line of Credit communications we send you by mail or email unless and until either you or, in the case of
your mailing address, the U.S. Postal Service, notifies us of a change of address and we have had a reasonable opportunity to act on such
notice.

 

		g.	Partial
                                            Payments Marked Payment in Full. Any check or other payment you send us for
                                            less than the total outstanding balance on your Line of Credit that is marked "payment
                                            in full" or with any similar language or that you otherwise tender as full satisfaction
                                            of a disputed amount must be sent to the Notice Address, Attn: Payment of Disputed Amount.
                                            We may deposit any such payment without such deposit effecting a satisfaction of the disputed
                                            amount.

		h.	Inadvertent
                                            Overcharges. It is not our intention to charge any interest, fees or other amounts
                                            in excess of those permitted by applicable law or this Agreement. If any interest, fee or
                                            other amount is finally determined to be in excess of that permitted by applicable law or
                                            this Agreement, the excess amount will be applied to reduce the outstanding balance in your
                                            Line of Credit or, if there is no outstanding balance, will be refunded to you.

		i.	Delay
                                            in Enforcement. We may at any time and in our sole discretion delay or waive enforcing
                                            any of our rights or remedies under this Agreement or under applicable law without losing
                                            any of those or any other rights or remedies. Even if we do not enforce our rights or remedies
                                            at any one time, we may enforce them at a later date.

		j.	Verifications,
                                            Examinations and Audits. We will verify your age, social security number,
                                            employee identification number or other tax identification number, residence and other identifying
                                            information as required by applicable law. You authorize us to conduct examinations and audits
                                            of Borrower's business and the use of Advances, and you promise to fully cooperate with all
                                            such examinations and audits.

		k.	Credit
                                            Reports; Evaluation of Financial Condition and Credit History. You understand and
                                            agree that we may obtain credit and other reports about Borrower or Guarantor in connection
                                            with any request for credit and in connection with any updates, renewals or extensions of
                                            any credit as a result of your request. We expect to obtain a credit report on a quarterly
                                            basis and reserve the right to obtain a credit report more frequently (including in connection
                                            with any Advance you request).

		l.	Line
                                            of Credit Settlements. Any settlement of your Line of Credit balance for less
                                            than what is owed requires our written agreement.

		m.	Telephone
                                            Monitoring and Recording. You agree that we may monitor, record, retain and reproduce
                                            your telephone calls and any other communications you provide to us, regardless of how transmitted
                                            to us, for training, quality control, evidentiary and other purposes. However, we are not
                                            under any obligation to monitor, record, retain or reproduce such items, unless required
                                            to do so by applicable law.

 

 

 

    	 	9	 

     

    

 

		n.	Third-Party
                                            Claims or Defenses. Except as otherwise provided in this Agreement or as required
                                            by applicable law, we will not be responsible for any claim or defense you may have against
                                            any third party that arises out of or in connection with any Advance.

		o.	Assignment.
                                            You may not sell, assign or transfer your Line of Credit or any of your rights and
                                            obligations under this Agreement. However, we may sell, assign or transfer your Line of Credit,
                                            or any balance due thereunder, and/or any of our rights and obligations under this Agreement,
                                            to any third party without prior notice to or consent by you. Should we do so, then to the
                                            extent of any such sale, assignment or transfer, that third party will take our place in
                                            this Agreement.

		p.	Severability.
                                            Except as provided otherwise in the Arbitration Provision, if any provision of this
                                            Agreement is deemed to be void or unenforceable by a court of competent jurisdiction or any
                                            governmental agency, that provision will continue to be enforceable to the extent permitted
                                            by that court or agency, and the remainder of that provision will no longer be considered
                                            as part of this Agreement. All other provisions of this Agreement will, however, remain in
                                            full force and effect.

		q.	Section
                                            Headings. The section headings used in this Agreement are for convenience of reference
                                            only and do not in any way limit or de ne your or our rights or obligations hereunder.

		r.	Entire
                                            Agreement. You acknowledge that this Agreement constitutes the entire agreement
                                            between you and us with respect to the Line of Credit, and supersedes and may not be contradicted
                                            by evidence of any prior or contemporaneous written or oral communications and understandings
                                            between you and us concerning the Line of Credit.

		s.	Formal
                                            Requirements to Collect Debt. You agree that we are not obligated to: (i) make
                                            a formal demand for payment under this Agreement; (ii) provide formal notice that any amount
                                            due under this Agreement has not been paid; and/or (iii) provide a certification that any
                                            amount due under this Agreement was not paid by the due date. To the extent permitted by
                                            applicable law, you agree that, in any collection proceeding by us, unless you provide affirmative
                                            evidence, sufficient to the finder of fact, that our business records are incorrect, the
                                            records we maintain in the ordinary course of business, including monthly statements and/or
                                            summaries of information in our computer records, certified by any custodian of our records
                                            as accurate reflections of statements or information in our business records, provide adequate
                                            proof of the amounts due hereunder.

		t.	Contacting
                                            You; Phone and Text Messages. You authorize us and our affiliates, agents,
                                            representatives, assigns and service providers (collectively, the "Messaging Parties")
                                            to contact you using automatic telephone dialing systems, artificial or prerecorded voice
                                            message systems, text messaging systems and automated email systems in order to provide you
                                            with information about this Agreement, the Line of Credit, including information about upcoming
                                            payment due dates, missed payments and returned payments. You authorize the Messaging Parties
                                            to make such contacts using any telephone numbers (including wireless, landline and VOIP
                                            numbers) or email addresses you supply to the Messaging Parties in connection with the Application,
                                            the Messaging Parties' servicing and/or collection of amounts you owe the Messaging Parties
                                            or any other matter. You understand that anyone with access to your telephone or email account
                                            may listen to or read the messages the Messaging Parties leave or send you, and you agree
                                            that the Messaging Parties will have no liability for anyone accessing such messages. You
                                            further understand that, when you receive a telephone call, text message or email, you may
                                            incur a charge from the company that provides you with telecommunications, wireless and/or
                                            Internet services, and you agree that the Messaging Parties will have no liability for such
                                            charges. You expressly authorize the Messaging Parties to monitor and record your calls with
                                            the Messaging Parties. You understand that, at any time, you may withdraw your consent to
                                            receive text messages and calls to your cell phone or to receive artificial or prerecorded
                                            voice message system calls by calling the Messaging Parties at 877-392-2014. To stop text
                                            messages, you can also simply reply "STOP" to any text message the Messaging Parties
                                            send you. To stop emails, you can follow the opt-out instructions included at the bottom
                                            of the Messaging Parties' emails.

 

 

 

    	 	10	 

     

    

 

	BY TICKING THE BOX AND BY CLICKING OR ALLOWING ANY OTHER SIGNER TO CLICK THE "Agree and Continue" BUTTON, OR BY EXPRESSING YOUR AGREEMENT IN REPLYING TO AN EMAIL WE SEND YOU WITH A COPY OF THIS AGREEMENT ATTACHED, YOU AGREE TO ALL OF THE TERMS OF THIS AGREEMENT ON BEHALF OF THE ENTITIES AND PERSONS LISTED AS BORROWER, AND YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND THIS ENTIRE AGREEMENT, INCLUDING BUT NOT LIMITED TO: (1) THE PROMISE THAT ALL ADVANCES WILL BE FOR THE BUSINESS PURPOSES DESCRIBED IN THE APPLICATION (SECTION 2(A)); (2) THE PAYMENT AUTHORIZATION (SECTION 7); AND (3) THE ARBITRATION PROVISION (SECTION 14). YOU AGREE THAT TICKING A BOX ON BEHALF OF ANY OTHER PERSON, OR REPLYING TO AN EMAIL SENT TO ANY OTHER PERSON, WITHOUT SUCH PERSON'S EXPRESS CONSENT, CONSTITUTES FRAUD.

                           

                          BY TICKING THE BOX AND BY CLICKING OR ALLOWING ANY OTHER SIGNER TO CLICK THE  "Agree and Continue" BUTTON, OR BY EXPRESSING YOUR AGREEMENT IN REPLYING TO AN
EMAIL WE SEND YOU WITH A COPY OF THIS AGREEMENT ATTACHED, YOU AGREE TO ALL OF THE TERMS OF THE PERSONAL GUARANTY SET FORTH IN
SECTION 13 OF THIS AGREEMENT, WHEREBY YOU, ACTING IN YOUR PERSONAL CAPACITY AND NOT ON BEHALF OF THE BORROWER, GUARANTEE AND BECOME
LIABLE TO HEADWAY CAPITAL FOR ALL OF THE BORROWER'S PAYMENT AND PERFORMANCE OBLIGATIONS UNDER THIS AGREEMENT, AND YOU ACKNOWLEDGE
THAT YOU HAVE READ AND UNDERSTAND THIS ENTIRE AGREEMENT, INCLUDING BUT NOT LIMITED TO: (1) THE PROMISE THAT ALL ADVANCES WILL BE FOR
THE BUSINESS PURPOSES DESCRIBED IN THE APPLICATION (SECTION 13(A)); AND (2) THE ARBITRATION PROVISION (SECTION 14). YOU AGREE THAT
TICKING A BOX ON BEHALF OF ANY OTHER PERSON, OR REPLYING TO AN EMAIL SENT TO ANY OTHER PERSON, WITHOUT SUCH PERSON'S EXPRESS
CONSENT, CONSTITUTES FRAUD.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

 

 

 

 

 

 

 

 

 

    	 	12	 

     

    

 

Account: #18007170

PHARMACOLOGY
UNIVERSITY INC

 

 

 

 

 

 

 

 

Headway Capital, LLC | 175 W. Jackson Blvd., Suite
1000 | Chicago, IL 60604

California Residents: Headway Capital California
License Lender No. 60DBO 44216.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	13Exhibit 10.11

 

PARK
AVE FUNDING

 

FUTURE
RECEIVABLES SALE AND PURCHASE AGREEMENT

 

This agreement
(this “Agreement”), dated August 8, 2022
, between PARK AVE FUNDING ( “Buyer”) and the seller(s) listed herein (collectively, the "Seller”)
(all capitalized terms shall have the meanings ascribed to them below):

 

Business
Legal Name: CHINA INFRASTRUCTURE CONSTRUCTION CORP

 

Form
of Business Entity: Corporation

 

D/B/A:
PHARMACOLOGY UNIVERSITY

 

EIN #: 82-5497827

 

Physical
Address: 6201 BONHOMME RD STE 466-S HOUSTON TEXAS 77036

 

Mailing
Address: 6201 BONHOMME RD STE 466-S HOUSTON TEXAS 77036

 

PURCHASE
PRICE:  $45,000.00

 

PURCHASED
AMOUNT: $61,155.00

 

SPECIFIED
PERCENTAGE: 49%

 

INITIAL
INSTALLMENT: $3,057.00 Weekly

 

 

 

	FOR SELLER #1	FOR SELLER # 2 (if any)

 

	By: /s/ Henry Levinski	By: /s/ Dante Picazo

 

	Name: HENRY DONALD LEVINSKI	Name: DANTE PICAZO

 

	Title: Owner/Agent/Manager	Title: Owner/Agent/Manager

 

	Email: HLEVINSKI@PHARMACOLOGY.COM	Email: DPICAZO@MSN.COM

 

	Business Phone:	Business Phone:

 

 

Concurrently
with the execution of this Agreement by Seller, and as condition to the effectiveness hereof, Seller has caused the Personal Guarantee
of Performance in the form attached hereto as Exhibit A (the “Guaranty”) to be signed and delivered to Buyer.

 

Furthermore,
in the event the Seller and/or Guarantor are comprised of more than one entity and/or individuals, then ALL such entities and/or individuals,
respectively, shall sign a standard form addendum of Buyer to this Agreement reflecting said interest of Buyer.

 

WHEREAS,
Seller is desirous to sell to Buyer, and Buyer is desirous to purchase from Seller a Specified Percentage of the Seller’s Future
Receipts, but only on the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, for good and valuable consideration, the mutual receipts and sufficiency of which is hereby acknowledged by both parties,
Buyer and Seller hereby agree to the foregoing and as follows:

 

 

    	 	 	 

     

    

 

1. Basic
Terms and Definitions.

 

a. “Effective
Date” shall mean the later of: (i) the date set forth in the preamble to this Agreement, and (ii) the date when BUYER paid
the Purchase Price to Seller.

 

b. “Specified
Percentage” shall mean the percentage set forth in the preamble to this Agreement of each and every sum from sale made by Seller
of Future Receipts.

 

c. “Future
Receipts” shall mean, collectively, all of Seller’s receipts of monies for the sale of its goods and services that monies
shall be paid and delivered to Seller by Seller’s customers and/or other vendees after the Effective Date of this Agreement; which
payments or deliveries of monies can be made in the form of cash, check, credit, charge, or debit card, ACH or other electronic transfer
or any other form of monetary payment and/or pecuniary benefit received by Seller. “Daily Receipts” shall mean the
amount of Future Receipts received by Seller on a daily basis.

 

d. “Purchased
Amount” shall mean the total amount of the Specified Percentage of the Future Receipts that Seller shall be under obligation
to deliver and pay over to Buyer pursuant to this Agreement. The Purchased Amount shall be the amount set forth under “Purchased
Amount” in the preamble to this Agreement.

  

e. Purchase
Price” shall mean the total amount that Buyer agrees to pay for the Purchased Amount. The Purchase Price shall be the amount
set forth under “Purchase Price” in the preamble to this Agreement. However, the amount that Seller will actually receive
from Buyer pursuant to this Agreement will be less than the Purchase Price by the total sum of the Applicable Fees, Prior Balance and
the Origination Fee, if any, as set forth in subparagraphs h., i., and j. below.

 

f. “Initial
Installment” shall mean the fixed amount (whether daily or weekly, as set forth in the preamble) that Seller and Buyer agree
to be a good faith approximation of the Specified Percentage of Seller's (daily or weekly) Future Receipts. Seller and Buyer further
agree that the Initial Installment set forth in the Preamble to this Agreement is based upon the information provided by Seller to Buyer
concerning Seller's most recent accounts receivables and/or revenue, including representations by the Seller to Buyer regarding the Seller's
estimated Future Receipts, and subject to Seller's right of adjustment/reconciliation set forth in this Agreement.

 

g. “Workday”
shall mean Monday through Friday except on days when banking institutions are closed for the holidays and do not process ACH payments.

 

h. “Applicable
Fees” shall mean, collectively, all initial costs and fees that Seller agrees to pay to Buyer as consideration for agreeing
to enter into this Agreement and that are described in Section 17 of this Agreement. The total sum of the Applicable Fees will be deducted
from the Purchase Price prior to delivering it to Seller pursuant to Seller’s authorization set forth in Rider 1 to this Agreement,
provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchase Price or Purchased Amount.

 

i. “Prior
Balance” shall mean the sum of all amounts that Seller may owe to Buyer and/or third party(s) as of the Effective Date of this
Agreement. The Prior Balance, if any, is described in Section 18 of this Agreement and will be deducted from the Purchase Price prior
to delivering it to Seller pursuant to Seller’s authorization set forth in Rider 2 to this Agreement, provided nevertheless that
such deduction shall not be deemed to reduce the agreed upon Purchase Price or Purchased Amount.

 

j. “Origination
Fee” shall mean the fee set forth in Rider 1 that Buyer charges Seller for the costs of underwriting and processing Seller’s
application for funding. The Origination Fee, if any, is described in Section 19 of this Agreement and will be deducted from the Purchase
Price prior to delivering it to Seller, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchased
Price or Purchased Amount.

 

k. In the
event “Seller” is comprised of more than one entity, then:

 

 

    	 	 	 

     

    

 

i. The term
“Seller” shall mean, individually and collectively, all such entities; and

 

ii. Each
Seller is an “Affiliate” of all other Seller(s). The term “Affiliate” shall mean an entity or an individual that
(1) controls, (2) is under the “Control”, or (3) is under common Control with the entity or individual in question. The term
“Control” shall mean direct or indirect ownership of more than 50% of the outstanding voting stock of a corporation or other
majority equity interest if not a corporation and the possession of power to direct or cause the direction of the management and policy
of such corporation or other entity, whether through ownership of voting securities, by stature, or by contract; and

 

iii. The
representations, warranties, covenants, obligations and liabilities of each Seller shall be joint and several under this Agreement;

 

iv. The
liability of each Seller under this Agreement shall be direct and immediate and shall not be conditional or contingent upon the pursuance
of any remedies against any other person or entity;

 

v. The terms
“Specified Percentage”, “Future Receipts”, and “Initial Installment” shall mean the Specified Percentage
and the Future Receipts of each Seller individually; and

 

vi. Buyer
may pursue its rights and remedies under this Agreement against any one or any number of entities that constitute Seller without obligation
to assert, prosecute or exhaust any remedy or claim against any other Seller or any Guarantor.

 

l. In the
event “Guarantor” is comprised of more than one individual, then:

 

i. The term
“Guarantor” shall mean, individually and collectively, all such individuals;

 

ii. Each
Guarantor is an Affiliate of all other Guarantor(s);

 

iii. The
representations, warranties, covenants, obligations and liabilities of each Guarantor shall be joint and several under this Agreement
and the Guaranty;

 

iv. The
liability of each Guarantor under this Agreement and the Guaranty shall be direct and immediate and shall not be conditional or contingent
upon the pursuance of any remedies against any other person or entity; and

 

v. Buyer
may pursue its rights and remedies under this Agreement and/or Guaranty against any one or any number of individuals that constitute
Guarantor without obligation to assert, prosecute or exhaust any remedy or claim against any other Guarantor or any Seller.

 

2. The
Term. This Agreement for the purchase and sale of Future Receipts does not have a fixed duration or term, and therefore it is
potentially infinite. Subject to the provisions of Sections 10-13 hereof, the term of this Agreement shall commence on the Effective
Date and expire on the date (the “Expiration Date”) when the Purchased Amount and all other sums due to Buyer pursuant
to this Agreement are received by Buyer in full.

 

3. Sale
of Purchased Future Receipts. Seller hereby sells, assigns, transfers and conveys (hereinafter, the “Sale”)
unto Buyer all of Seller’s right, title and interest in to the Specified Percentage of the Future Receipts until the Purchased
Amount shall have been delivered by Seller to Buyer (hereinafter, the portion of the Future Receipts sold by Seller to Buyer pursuant
to this Agreement, the “Purchased Future Receipts”); to have and hold the same unto Buyer, its successors and assigns,
forever. This Sale of the Purchased Future Receipts is made without express or implied warranty to Buyer of collectability of the Purchased
Future Receipts by Buyer and without recourse against Seller and/or Guarantor(s), except as specifically set forth in this Agreement.
By virtue of this Agreement, Seller transfers to Buyer full and complete ownership of the Purchased Future Receipts and Seller retains
no legal or equitable interest therein.

 

4. Payment
of Purchase Price. In consideration of the sale by Seller to Buyer of the Purchased Future Receipts pursuant to this Agreement,
Buyer agrees to pay to Seller the Purchase Price. The amount of the Purchase Price (reduced by the Applicable Fees, Prior Balance, and
Origination Fee, if any) shall be delivered to Seller after execution of this Agreement.

 

 

    	 	 	 

     

    

 

5. Use
of Purchase Price. Seller hereby acknowledges that it fully understands that: (i) Buyer’s ability to collect the Purchased
Amount (or any portion thereof) is contingent upon Seller’s continued operation of its business and successful generation of the
Future Receipts until the Purchased Amount is delivered to Buyer in full; and (ii) that in the event of decreased efficiency or total
failure of Seller’s business Buyer’s receipt of the full or any portion of the Purchased Amount may be delayed indefinitely.
Based upon the foregoing, Seller agrees to use the Purchase Price exclusively for the benefit and advancement of Seller’s business
operations and for no other purpose.

 

6. Initial
Installments of Purchased Amount. The Purchased Amount shall be delivered by Seller to Buyer in the amount of the Initial Installment
on each and every Workday or Workweek (depending on whether the Initial Installment are daily or weekly) commencing on the Effective
Date and ending on the Expiration Date.

 

7. Approved
Bank Account and Credit Card Processor. During the term of this Agreement, Seller shall: (i) deposit all Future Receipts
into one (and only one) bank account which bank account shall be acceptable and preapproved by Buyer (the “Approved Bank Account”),
(ii) use one (and only one) credit card processor which processor shall be acceptable and preapproved by Buyer (the “Approved Processor”)
and (iii) deposit all credit card receipts into the Approved Bank Account. In the event the Approved Bank Account or Approved Processor
shall become unavailable or shall cease providing services to Seller during the term of this Agreement, prior to the first date of such
unavailability or cessation of services, Seller shall arrange for another Approved Bank Account or Approved Processor, as the case may
be.

 

8. Authorization
to Debit Approved Bank Account. Seller hereby authorizes Buyer to initiate electronic checks or ACH debits from the Approved
Bank Account (which as of the Effective Date of this Agreement shall be the account listed below) in the amount of the Initial Installment
commencing on the Effective Date until Buyer receives the full Purchased Amount;

 

*Seller
shall provide Buyer with all access code(s) for the Approved Bank Account during the Term of this Agreement. The Initial Installment
is to be drawn via ACH payment, from the following bank account:

 

	i.		Account Number: 488056617849

 

	ii.		Routing Number:111000025

 

	iii.		Account Name:PHARMACOLOGY UNIVERSITY INC

 

	iv.		Bank Name: BANK OF AMERICA

 

*Note that
this authorization is to remain in full force and effect until Buyer receives written notification from Seller of its termination in
such time and in such manner to afford Buyer a reasonable opportunity to act on it; provided, however, that revocation of this authorization
prior to remittance of the balance under the Agreement shall constitute a breach thereunder, subject to Sections 10-13 herein.

 

9. Fees
Associated with Debiting Approved Bank Account. It shall be Seller’s exclusive responsibility to pay to its banking institution
and/or Buyer’s banking institution directly (or to compensate Buyer, in case it is charged) all fees, charges and expenses incurred
by either Seller or Buyer due to rejected electronic checks or ACH debit attempts, overdrafts or rejections by Seller’s banking
institution of the transactions contemplated by this Agreement, including without limitation a $35.00 charge per bounced or rejected
ACH debit.

 

10. Seller’s
Right for Reconciliation. Seller and Buyer each acknowledges and agrees that:

 

a. If at
any time during the term of this Agreement Seller will experience unforeseen decrease or increase in its Receipts, Seller shall have
the right, at its sole and absolute discretion, but subject to the provisions of Section 11 below, to request retroactive reconciliation
of the Initial Installments for one (1) full calendar month immediately preceding the day when such request for reconciliation is received
by Buyer (each such calendar month, a “Reconciliation Month”).

 

 

    	 	 	 

     

    

 

b. Such
reconciliation (the “Reconciliation”) of the Seller’s Initial Installment for a Reconciliation Month shall be
performed by Buyer within five (5) Workdays following its receipt of the Seller’s request for Reconciliation by either crediting
or debiting the difference back to, or from, the Approved Bank Account so that the total amount debited by Buyer from the Approved Bank
Account during the Reconciliation Month at issue is equal to the Specific Percentage of the Future Receipts that Seller collected during
the Reconciliation Month at issue.

 

c. One or
more Reconciliation procedures performed by Buyer may reduce or increase the effective Initial Installment amount during the Reconciliation
Month in comparison to the one set forth in Section 1 of this Agreement, and, as the result of such reduction, the term of this Agreement
during which Buyer will be debiting the Approved Bank Account may get shortened or extended indefinitely.

 

11. Request
for Reconciliation Procedure.

 

a. It shall
be Seller’s sole responsibility and the right hereunder to initiate Reconciliation of Seller’s actual Initial Installments
during any Reconciliation Month by sending a request for Reconciliation to Buyer.

 

b. Any such
request for Reconciliation of the Seller’s Initial Installments for a specific Reconciliation Month shall be in writing, shall
include a copy of Seller’s bank statement, credit card processing statements, and pertinent aging report(s) for the Reconciliation
Month at issue, and shall be received by PARK AVE FUNDING via email to info@parkavefunding.com, with the subject line “REQUEST
FOR RECONCILIATION,” within five (5) Workdays after the last day of the Reconciliation Month at issue (time being of the essence
as to the last day of the period during which such demand for Reconciliation shall be received by Buyer).

 

c. Buyer’s
receipt of Seller’s request for Reconciliation after the expiration of the five (5) Workday period following the last day of the
Reconciliation Month for which such Reconciliation is requested nullifies and makes obsolete Seller’s request for Reconciliation
for that specific Reconciliation Month.

 

d. Seller
shall have the right to request Reconciliation as many times during the term of this Agreement as it deems proper, and Buyer shall comply
with each such request, provided that:

 

i. Each
such request is made in accordance with the terms of this Section 11; and

 

ii. If a
request for Reconciliation is made after the expiration of the term of this Agreement and, as the result of such Reconciliation, the
total amount actually debited by Buyer from the Approved Bank Account will become less than the Purchased Amount, then and in such event
the term of this Agreement shall automatically be extended until the time when the total amount actually debited from Approved Bank Account
pursuant to this Agreement shall become equal to the Purchased Amount.

 

e. Nothing
set forth in Sections 10 or 11 of this Agreement shall be deemed to: (i) provide Seller with the right to interfere with Buyer’s
right and ability to debit the Approved Bank Account while the request for Reconciliation of Seller’s receipts is pending or until
the Purchased Amount is collected by Buyer in full, or (ii) modify the amount of the Initial Installment for any calendar month during
the term of this Agreement other than during the Reconciliation Month(s) as the result of the Reconciliation.

 

12. Adjustment
of the Initial Installment. Seller and Buyer each acknowledge and agree that:

 

a. If at
any time during the term of this Agreement Seller experiences a steady decrease in its Receipts, Seller shall have the right, at its
sole and absolute discretion, but subject to the provisions of Section 13 below, to request modification (“Adjustment”)
of the amount of the Initial Installment that Seller is obligated to deliver to Buyer in accordance with the provisions of Section 6
above. Such Adjustment shall become effective as of the date it is granted and the new adjusted amount of the Initial Installment (the
“Adjusted Installment”) shall replace and supersede the amount of the Initial Installment set forth in Section 1 above.

 

b. The
Adjustment of the Initial Installment shall be performed by Buyer within five (5) Workdays following its receipt of the Seller’s
request for Adjustment by modifying the amount of the Initial Installment that shall be debited from the Approved Bank Account until
the Purchased Amount is paid in full. Notwithstanding anything to the contrary set forth in Sections 12 and 13 hereof, no Adjustment
shall take place until and unless Reconciliation for at least one (1) Reconciliation Month takes place resulting in the reduction of
the total amount debited from Seller’s Approved Bank Account during the Reconciliation Month by at least fifteen percent (15%)
in comparison to the amount that would have been debited during that month without Reconciliation.

 

c. One or
more Adjustments performed by Buyer may substantially extend the term of this Agreement.

 

 

    	 	 	 

     

    

 

13. Request
for Adjustment Procedure.

 

a. It
shall be Seller’s sole responsibility and the right to initiate the Adjustment by sending a request for Adjustment to Buyer.

 

b. A request
for Adjustment (an “Adjustment Request”) shall be in writing, and shall include copies of: (i) Seller’s last three
(3) consecutive bank statements of the Approved Bank Account, the last three (3) credit card processing statements and the last three
(3) aging reports immediately preceding the date of Buyer’s receipt of the Adjustment Request, and (ii) Seller’s bank statements
and credit card processing statements previously provided by Seller to Buyer based upon which statements the amount of the Initial Installment
set forth in Section 1 above (or the then current Adjusted Installment as the case may be) was determined, and shall be received by Buyer
by email at info@parkavefunding.com, with the subject line “REQUEST FOR ADJUSTMENT,” within five (5) Workdays after the date
that is the later of (i) the last day of the latest bank statement enclosed with the Adjustment Request and (ii) the last date of the
latest credit card processing statement enclosed with the Adjustment Request (time being of the essence as to the last day of the period
during which an Adjustment Request shall be received by Buyer).

 

c. Buyer’s
receipt of a Seller’s Adjustment Request after the expiration of the above referenced five (5) Workday period nullifies and makes
obsolete such Adjustment Request.

 

d. Seller
shall have the right to request Adjustment of the Initial Installment, or the Adjusted Installment (as the case may be), as many times
during the term of this Agreement as it deems proper, and Buyer shall comply in good faith with such request, provided that:

 

i. Each
such request for Adjustment is made in accordance with the terms of this Section 13; and

 

ii. A request
for Adjustment shall not be made after the Expiration Date.

 

e. Nothing
set forth in Sections 12 or 13 of this Agreement shall be deemed to provide Seller with the right to (i) interfere with Buyer’s
right and ability to debit the Approved Bank Account while the request for Adjustment is pending or until the Purchased Amount is collected
by Buyer in full or (ii) request Adjustment retroactively for the portion of the term of this Agreement preceding the date of an Adjustment
Request.

 

14. Seller’s
Right to Accelerate Remittance of the Outstanding Portion of the Purchased Amount of Future Receipts (“Outstanding PAFR”).

 

a. Notwithstanding
anything to the contrary set forth in this Agreement, Seller shall have the right, at any time after receipt from Buyer of the Purchase
Price, and upon obtaining Buyer’s prior written consent, to accelerate delivery to Buyer of the then undelivered portion of the
Purchased Amount of Future Receipts (such amount, the “Outstanding PAFR”). The delivery of the Outstanding PAFR shall
be governed by the following subparagraphs.

 

b. The Outstanding
PAFR can only be delivered in full and not partially.

 

c. Seller
shall request the right to accelerate the delivery of the Outstanding PAFR by notifying Buyer to that effect; provided that such notice
shall be in writing (an email delivery shall be deemed acceptable) and shall contain the information on the source(s) of the funds to
be used for delivery of the Outstanding PAFR and on the approximate date of such delivery.

 

d. Buyer
shall respond to Seller’s request within three (3) Workdays from the date of its receipt by Buyer.

 

e. In its
response to Seller’s request, Buyer shall indicate the exact amount of the Outstanding PAFR as of the date of its delivery by Seller.

 

f. As of
the date agreed upon as between Buyer and Seller, Seller shall deliver to Buyer the full amount of the Outstanding PAFR (such date, the
“Accelerated Delivery Date”).

 

g. Under
no circumstances shall Seller suspend or modify, or cause to be suspended or modified, the delivery to Buyer of the Initial Installments
prior to the delivery of the Outstanding PAFR to Buyer.

 

h. Upon
delivery of the Outstanding PAFR to Buyer in compliance with the provisions of this Section 14, Seller’s obligations to Buyer pursuant
to this Agreement shall be deemed completed and fulfilled.

 

    	 	 	 

     

    

 

15. Rights
and Obligations of Buyer Upon Receipt of the Outstanding PAFR. Upon receipt of the full amount of the Outstanding PAFR:

 

a. Buyer
shall notify the Approved Bank Account and request from it to stop transferring Initial Installments to Buyer’s bank account.

 

b. If Buyer
shall have received one or more Initial Installment (or Adjusted Installment, as the case may be) after the Accelerated Delivery Date
(due to the Approved Bank’s delay in processing Buyer’s request described in subparagraph (a) above or for any other reason),
Buyer shall immediately do one of the two following things (but not both):

 

i. Return
to Seller the total sum of the Initial Installments (or the Adjusted Installments, as the case may be) received by Buyer after the date
of delivery of the Outstanding PAFR to Buyer; or

 

ii. Apply
the total sum of the Initial Installments (or the Adjusted Installments, as the case may be) received by Buyer after the Accelerated
Delivery Date toward Seller’s outstanding financial obligations to Buyer existing as of the Accelerated Delivery Date for reasons
unrelated to this Agreement (if any).

 

A. By way
of example, if as of the Accelerated Delivery Date, Seller and Buyer would be parties to a another future receivables sale and purchase
agreement in connection with a portion of Seller’s Future Receipts that is not subject to this Agreement (such agreement, an “Unrelated
Future Agreement”), then and in such event Buyer may, in its sole and absolute discretion, apply the sum of the Initial Installments
(or the Adjusted Installments, as the case may be) received by Buyer after the Accelerated Delivery Date pursuant to this Agreement toward
fulfilling Seller’s obligations to Buyer pursuant to the Unrelated Future Agreement.

 

c. Seller
acknowledges and agrees that Buyer shall have the right to apply the total sum of the Initial Installments (or Adjusted Installments,
as the case may be) received by Buyer after the Accelerated Delivery Date toward Seller’s outstanding financial obligations to
Buyer existing as of the Accelerated Delivery Date for reasons unrelated to this Agreement (if any) in exchange for, and as an adequate
and sufficient consideration for, Buyer granting Seller the right to accelerate the payment of the Purchased Amount of Future Receipts.

 

16. Risk
Sharing Acknowledgments and Arrangements.

 

a. Seller
and Buyer each hereby acknowledges and agrees that:

 

i. The Purchased
Future Receipts represent a portion of Seller’s Future Receipts.

 

ii. This
Agreement consummates the sale of the Purchased Future Receipts at a discount, not the borrowing of funds by Seller from Buyer. Buyer
does not charge Seller and will not collect from Seller any interest on the monies used by Buyer for the purchase of the Purchased Future
Receipts. The period of time that it will take Buyer to collect the Purchased Amount is not fixed, is unknown to both parties as of the
Effective Date of this Agreement and will depend on how well or not well Seller’s business will be performing following the Effective
Date. As an extreme example, in the event Seller’s business ceases to exist after Buyer’s purchase of the Purchased Future
Receipts as a result of a drying up of revenues for reasons outside Seller’s control, Buyer may never collect all or a substantial
portion of the Purchased Future Receipts and will never recover the moneys it spent on such purchase.

 

iii. The
amount of the Initial Installment set forth in Section 1 of this Agreement is calculated based upon the information concerning an average
amount of Receipts collected by Seller’s business immediately prior to the Effective Date of this Agreement, as well as representations
regarding the Seller’s estimated Future Receipts, which information was provided by the Seller to Buyer.

 

iv. The
amounts of Seller’s Future Receipts may increase or decrease over time.

 

v. If, based
upon the Reconciliation and/or the Adjustment procedures described above, it will be determined that the actual amounts of the Specified
Percentage of the Future Receipts get reduced in comparison to the amount of the Initial Installment as of the Effective Date set forth
in Section 1 of this Agreement, and in comparison to the amount that both Seller and Buyer may have anticipated or projected because
Seller’s business has slowed down, or if the full Purchased Amount is not remitted because Seller’s business went bankrupt
or otherwise ceased operations in the ordinary course of business (but not due to Seller’s willful or negligent mishandling of
its business or due to Seller’s failure to comply with its obligations under this Agreement), Seller would not be in breach of
or in default under this Agreement.

 

 

    	 	 	 

     

    

 

b. Buyer’s
Risk Acknowledgments. Buyer agrees to purchase the Purchased Future Receipts knowing the risks that Seller’s business may
slow down or fail, and Buyer assumes this risk based exclusively upon the information provided to it by Seller and related to the business
operations of Seller’s business prior to the date hereof, and upon Seller’s representations, warranties and covenants contained
in this Agreement that are designed to give Buyer a reasonable and fair opportunity to receive the benefit of its bargain. Furthermore,
Buyer hereby acknowledges and agrees that Seller shall be excused from performing its obligations under this Agreement in the event Seller’s
business ceases its operations exclusively due to the following reasons (collectively, the “Valid Excuses”):

 

i. adverse
business conditions that occurred for reasons outside Seller’s control and not due to Seller’s willful or negligent mishandling
of its business;

 

ii. loss
of the premises where the business operates (but not due to Seller’s breach of its obligations to its landlord), provided however
that Seller does not continue and/or resume business operations at another location;

 

iii. bankruptcy
of Seller; and/or

 

iv. natural
disasters or similar occurrences beyond Seller’s control.

 

c. Application
of Amounts Received by Buyer. Buyer reserves the right to apply amounts received by it under this Agreement to any fees or other
charges due to Buyer from Seller prior to applying such amounts to reduce the outstanding amount of the Purchased Amount. Any ACH payments
and/or payments which clear after the Effective Date of this Agreement shall be applied to the balance hereunder.

 

d. Not
a Loan. Seller and Buyer agree that the Purchase Price is paid to Seller in consideration for the acquisition of the Purchased
Future Receipts and that payment of the Purchase Price by BUYER is not intended to be, nor shall it be construed as, a loan from Buyer
to Seller that requires absolute and unconditional repayment on a maturity date. To the contrary, Buyer’s ability to receive the
Purchased Amount pursuant to this Agreement, and the date when the Purchased Amount is delivered to Buyer in full (if ever) are subject
to and conditioned upon performance of Seller’s business. If, nevertheless, a court having jurisdiction over this Agreement and
the parties hereto shall have determined that Buyer has charged or received interest hereunder in excess of the highest rate allowed
by law, then the rate of such interest received by Buyer shall automatically be reduced to the maximum rate permitted by applicable law
and Buyer shall promptly refund to Seller any interest received by Buyer in excess of the maximum lawful rate.

 

17. Applicable
Fees. Seller acknowledges that the Applicable Fees were agreed upon between Seller and Buyer prior to Seller entering into this
Agreement, were subject to arm-length negotiation between Buyer and Seller, and a detailed list of the Applicable Fees is set forth in
Rider 1 of this Agreement, which is attached hereto and made a part hereof.

 

18. Prior
Balance. Seller represents and warrants that Rider 2, which is attached hereto and made a part hereof, contains true and correct
information as to the name(s) of Seller’s creditors and the amounts that Seller owes each of those creditors as of the Effective
Date (and these amounts being a portion of the Prior Balance), and that as of the date hereof there are no creditors of Seller which
may otherwise encumber the Purchased Future Receipts other than those listed in Rider 2. Seller indemnifies and holds harmless Buyer
for any and all damages and losses (including without limitation legal fees and expenses) incurred by Buyer as the result of such representation
being untrue, incorrect or incomplete.

 

19. Origination
Fee. Seller hereby agrees for Buyer to withhold from the Purchase Price the Origination Fee contained in Rider 1, which is attached
hereto and made a part hereof.

 

20. No
Reduction of Purchase Price. Seller hereby: (i) agrees to pay the Applicable Fees, the Prior Balance and the Origination
Fee (the sum of those, hereinafter, the “Closing Costs”) in full; (ii) hereby authorizes Buyer to apply a portion of the
Purchase Price due to Seller pursuant to this Agreement toward satisfaction of Seller’s obligation to pay the Closing Costs by
deducting the amount of the Closing Costs from the Purchase Price prior to delivering it to Seller; and (iii) agrees that deduction of
the Closing Costs from the Purchase Price shall not be deemed to be a reduction of the Purchase Price.

 

 

    	 	 	 

     

    

 

REPRESENTATIONS,
WARRANTIES AND COVENANTS

 

21. Seller
represents, warrants and covenants that as of this date and during the term of this Agreement:

 

a. Financial
Condition and Financial Information. Seller’s bank and financial statements, copies of which have been furnished to Buyer,
and future statements which may be furnished hereafter pursuant to this Agreement or upon Buyer’s request, fairly represent the
financial condition of Seller as of the dates such statements were issued, and prior to execution of the Agreement there has been no
material adverse changes, financial or otherwise, in such condition, operation or ownership of Seller. Seller has a continuing, affirmative
obligation to advise Buyer of any material adverse change in its financial condition, operation or ownership, and/or online banking log-in
credentials. Buyer may request Seller’s bank statements at any time during the term of this Agreement and Seller shall provide
them to Buyer within two (2) Workdays of such request. Seller’s failure to do so, and/or cutting off Buyer’s online access
to the Approved Bank Account, is a material breach of this Agreement.

 

b. Governmental
Approvals. Seller is in compliance and, during the term of this Agreement, shall be in compliance with all laws and has valid
permits, authorizations and licenses to own, operate and lease its properties and to conduct the business in which it is presently engaged.

 

c. Good
Standing. Seller is a corporation/limited liability company/limited partnership/other type of entity that is in good standing
and duly incorporated or otherwise organized and validly existing under the laws of its jurisdiction of incorporation or organization
and has full power and authority necessary to carry its business as it is now being conducted.

 

d. Authorization.
Seller has all requisite power to execute, deliver and perform this Agreement and consummate the transactions contemplated hereunder;
entering into this Agreement will not result in breach or violation of, or default under, any agreement or instrument by which Seller
is bound or any statute, rule, regulation, order or other law to which Seller is subject, nor require the obtaining of any consent, approval,
permit or license from any governmental authority having jurisdiction over Seller. All organizational and other proceedings required
to be taken by Seller to authorize the execution, delivery and performance of this Agreement have been taken. The person signing this
Agreement on behalf of Seller has full power and authority to bind Seller to perform its obligations under this Agreement.

 

e. Accounting
Records and Tax Returns. Seller will treat receipt of the Purchase Price and payment of the Purchased Amount in a manner evidencing
sale of its future receipts in its accounting records and tax returns and further agrees that Buyer is entitled to audit Seller’s
accounting records upon reasonable notice in order to verify compliance. Seller hereby waives any rights of privacy, confidentiality
or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Seller asserts that this transaction is
anything other than a sale of future receipts.

 

f. Taxes;
Workers Compensation Insurance. Seller has paid and will promptly pay, when due, all taxes, including without limitation, income,
employment, sales and use taxes, imposed upon Seller’s business by law, and will maintain workers compensation insurance required
by applicable governmental authorities.

 

g. Business
Insurance. Seller maintains and will maintain general liability and business-interruption insurance naming Buyer as loss payee
and additional insured in the amounts and against risks as are satisfactory to Buyer and shall provide Buyer proof of such insurance
upon request.

 

h. Electronic
Check Processing Agreement. Seller shall not change its Approved Processor, add terminals, change its Approved Bank Account(s)
or take any other action that could have any adverse effect upon Seller’s obligations or impede Buyer’s rights under this
Agreement, without Buyer’s prior written consent.

 

i. No
Diversion of Future Receipts. Seller shall not allow any event to occur that would cause a diversion of any portion of Seller’s
Future Receipts from the Approved Bank Account or Approved Processor without Buyer’s written permission.

 

j. Change
of Name or Location. Seller, any successor-in-interest of Seller, and Guarantor shall not conduct Seller’s businesses under
any name other than as disclosed to the Approved Processor and Buyer, shall not change and/or transfer ownership in/of the Seller and
will not change any of its places of business without first obtaining Buyer’s written consent.

 

k. Prohibited
Business Transactions. Seller shall not: (i) transfer or sell all or substantially all of its assets (including without limitation
the Collateral (as such term is defined in Section 22) or any portion thereof) without first obtaining Buyer’s consent; or (ii)
make or send notice of its intended bulk sale or transfer.

 

 

    	 	 	 

     

    

 

l. No
Closing of Business. Seller will not sell, dispose, transfer or otherwise convey all or substantially all of its business or
assets without first: (i) obtaining the express written consent of Buyer, and (ii) providing Buyer with a written agreement of a purchaser
or transferee of Seller’s business or assets to assume all of Seller’s obligations under this Agreement pursuant to documentation
satisfactory to Buyer. Seller represents that it has no current plans to close its business either temporarily (for renovations, repairs
or any other purpose), or permanently. Seller agrees that until Buyer shall have received the Purchased Amount in full, Seller will not
voluntarily close its business on a permanent or temporarily basis for renovations, repairs, or any other purposes. Notwithstanding the
foregoing, Seller shall have the right to close its business temporarily if such closing is necessitated by a requirement to conduct
renovations or repairs imposed upon Seller’s business by legal authorities having jurisdiction over Seller’s business (such
as from a health department or fire department), or if such closing is necessitated by circumstances outside Seller’s reasonable
control. Prior to any such temporary closure of its business, Seller shall provide Buyer ten (10) business days advance notice.

 

m. No
Pending Bankruptcy. As of the date of Seller’s execution of this Agreement, Seller is not insolvent, has not filed, and
does not contemplate filing, any petition for bankruptcy protection under any title of the United States Code and there has been no involuntary
bankruptcy petition brought or pending against Seller. Seller represents that it has not consulted with a bankruptcy attorney on the
issue of filing bankruptcy or some other insolvency proceeding within six months immediately preceding the date of this Agreement.

 

n. Estoppel
Certificate. Seller will at any time, and from time to time, upon at least one (1) day’s prior notice from Buyer to Seller,
execute, acknowledge and deliver to Buyer and/or to any other person or entity specified by Buyer, a statement certifying that this Agreement
is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified
and stating the modification(s) and stating the date(s) on which the Purchased Amount or any portion thereof has been repaid.

 

o. Unencumbered
Future Receipts. Seller has and will continue to have good, complete and marketable title to all Future Receipts, free and clear
of any and all liabilities, liens, claims, changes, restrictions, conditions, options, rights, mortgages, security interests, equities,
pledges and encumbrances of any kind or nature whatsoever or any other rights or interests other than by virtue or entering into this
Agreement. Seller specifically warrants and represents that it is not currently bound by the terms of any future receivables and/or factoring
agreement which may encumber in any way the Future Receipts.

 

p. No
Stacking. Seller shall not further encumber the Future Receipts, without first obtaining written consent of Buyer. Any further
encumbrance by seller of the Future Receipts is a material breach of this Agreement.

 

q. Business
Purpose. Seller is entering into this Agreement solely for business purposes and not as a consumer for personal, family or household
purposes.

 

r. No
Default Under Contracts with Third Parties. Seller’s execution of and/or performance of its obligations under this Agreement
will not cause or create an event of default by Seller under any contract, which Seller is or may become a party to.

 

s. Right
of Access. In order to ensure Seller’s compliance with the terms of this Agreement, Seller hereby grants Buyer the right
to enter, without notice, the premises of Seller’s business for the purpose of inspecting and checking Seller’s transaction
processing terminals to ensure the terminals are properly programmed to submit and/or batch Seller’s daily receipts to the Approved
Processor and to ensure that Seller has not violated any other provision of this Agreement. Furthermore, Seller hereby grants Buyer and
its employees and consultants access to Seller’s employees and records and all other items of property located at the Seller’s
place of business during the term of this Agreement. Seller hereby agrees to provide Buyer, upon request, all and any information concerning
Seller’s business operations, banking relationships, names and contact information of Seller’s suppliers, vendors and landlord(s),
to allow Buyer to interview any of those parties.

 

t. Phone
Recordings and Contact. Seller agrees that any call between Seller and Buyer and its owners, managers, employees and agents may
be recorded and/or monitored. Furthermore, Seller acknowledges and agrees that: (i) it has an established business relationship with
Buyer, its managers, employees and agents (collectively, the “Buyer Parties”) and that Seller may be contacted by
any of the Buyer Parties from time-to-time regarding Seller’s performance of its obligations under this Agreement or regarding
other business transactions; (ii) it will not claim that such communications and contacts are unsolicited or inconvenient; and (iii)
any such contact may be made by any of the Buyer Parties in person or at any phone number (including mobile phone number), email addresses,
or facsimile number belonging to Seller’s office, or its owners, managers, officers, or employees.

 

 

    	 	 	 

     

    

 

u. Knowledge
and Experience of Decision Makers. The persons authorized to make management and financial decisions on behalf Seller with respect
to this Agreement have such knowledge, experience and skill in financial and business matters in general and with respect to transactions
of a nature similar to the one contemplated by this Agreement so as to be capable of evaluating the merits and risks of, and making an
informed business decision with regard to, Seller entering into this Agreement.

 

v. Seller’s
Due Diligence. The person authorized to sign this Agreement on behalf of Seller: (i) has received all information that such person
deemed necessary to make an informed decision with respect to a transaction contemplated by this Agreement; and (ii) has had unrestricted
opportunity to make such investigation as such person desired pertaining to the transaction contemplated by this Agreement and verify
any such information furnished to him or her by Buyer.

 

w. Consultation
with Counsel. The person(s) signing this Agreement of behalf of Seller: (a) has read and fully understands the content of this
Agreement; (b) has consulted to the extent he/she wished with Seller’s own counsel in connection with the entering into this Agreement;
(c) has made sufficient investigation and inquiry to determine whether this Agreement is fair and reasonable to Seller, and whether this
Agreement adequately reflects his or her understanding of its terms.

 

x. Buyer’s
Consent. Seller agrees that in every instance Seller’s rights under this Agreement are contingent upon first obtaining
Buyer’s consent, such consent may be withheld, granted or conditioned at Buyer’s sole and absolute discretion.

 

y. No
Reliance on Oral Representations. This Agreement contains the entire agreement between Seller and Buyer with respect to the subject
matter of this Agreement and supersedes each course of conduct previously pursued or acquiesced in, and each oral agreement and representation
previously made, by Buyer or any of the Buyer Parties with respect thereto (if any), whether or not relied or acted upon. No course of
performance or other conduct subsequently pursued or acquiesced in, and no oral agreement or representation subsequently made, by the
Buyer Parties, whether or not relied or acted upon, and no usage of trade, whether or not relied or acted upon, shall amend this Agreement
or impair or otherwise affect Seller’s obligations pursuant to this Agreement or any rights and remedies of the parties to this
Agreement.

 

z. No
Additional Fees Charged. Seller hereby acknowledges and agrees that: (i) other than the Closing Costs, if any, Buyer is not charging
any additional fees to Seller; and (ii) if Seller is charged with any fee and/or cost not listed in this Agreement or the Riders hereto,
such fee is not charged by Buyer. Moreover, as all working capital received under this Agreement is required to ensure Seller’s
continued success, Seller warrants and covenants not to pay any fee and/or commission with regard to this transaction other than as provided
for herein.

 

PLEDGE
OF SECURITY

 

22. Pledge.
As security for the prompt and complete payment and performance of any and all liabilities, obligations, covenants or agreements of Seller
under this Agreement (and any future amendments of this Agreement, if any) (hereinafter referred to collectively as the “Obligations”),
Seller hereby pledges, assigns and hypothecates to Buyer (collectively, “Pledge”) and grants to Buyer a continuing,
perfected and first priority lien upon and security interest in, to and under all of Seller’s right, title and interest in and
to the following (collectively, the “Collateral”), whether now existing or hereafter from time to time
acquired:

 

a. all accounts,
including without limitation, all deposit accounts, accounts-receivable, and other receivables, chattel paper, documents, equipment,
general intangibles, instruments, and inventory, as those terms are defined by Article 9 of the Uniform Commercial Code (the “UCC”),
now or hereafter owned or acquired by Seller; and

 

b. all Seller’s
proceeds, as such term is defined by Article 9 of the UCC.

 

23. Termination
of Pledge. Upon the payment and performance by Seller in full of the Obligations, the security interest in the Collateral pursuant
to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral
shall revert to Seller. Upon any such termination, Buyer will execute, acknowledge (where applicable) and deliver such satisfactions,
releases and termination statements, as Seller shall reasonably request.

 

 

    	 	 	 

     

    

 

24. Representations
with Respect to Collateral. Seller hereby represents and warrants to Buyer that the execution, delivery and performance by Seller
of this Pledge, and the remedies in respect of the Collateral under this Pledge (i) have been duly authorized; (ii) do not require the
approval of any governmental authority or other third party or require any action of, or filing with, any governmental authority or other
third party to authorize same (other than the filing of the UCC -1s); and (iii) do not and shall not (A) violate or result in the breach
of any provision of law or regulation, any order or decree of any court or other governmental authority, and/or (B) violate, result in
the breach of or constitute a default under or conflict with any indenture, mortgage, deed of trust, agreement or any other instrument
to which Seller is a party or by which any of Seller’s assets (including, without limitation, the Collateral) are bound.

 

25. Further
Assurances. Upon the request of Buyer, Seller, at Seller’s sole cost and expense, shall execute and deliver all such further
UCC-1s, continuation statements, assurances and assignments of the Collateral and consents with respect to the pledge of the Collateral
and the execution of this Pledge, and shall execute and deliver such further instruments, agreements and other documents and do such
further acts and things, as Buyer may request in order to more fully effectuate the purposes of this Pledge and the assignment of the
Collateral and obtain the full benefits of this Pledge and the rights and powers herein created.

 

26. Attorney-in-Fact.
Seller hereby authorizes Buyer at any time to take any action and to execute any instrument, including without limitation to file one
or more financing statements and/or continuation statements, to evidence and perfect the security interest created hereby and irrevocably
appoints Buyer as its true and lawful attorney-in-fact, which power of attorney shall be coupled with an interest, with full authority
in the place and stead of Seller and in the name of Seller or otherwise, from time to time, in Buyer’s sole and absolute discretion,
including without limitation (a) for the purpose of executing such statements in the name of and on behalf of Seller, and thereafter
filing any such financing and/or continuation statements, and (b) to receive, endorse and collect all instruments made payable to Seller.

 

EVENTS
OF DEFAULT AND REMEDIES

  

27. Events
of Default. The occurrence of any of the following events shall constitute an “Event of Default” by Seller:

 

a. Seller
shall violate any term, condition or covenant in this Agreement governing Seller’s obligations of timely delivery and in full of
Initial Installments (or Adjusted Installments, as the case may be) to Buyer, and timely and in full payment to Buyer of any other sums
due for any reason whatsoever other than as the result of Seller’s business ceasing its operations exclusively due to any of the
Valid Excuses.

 

b. Any representation
or warranty by Seller made in this Agreement shall prove to have been incorrect, false or misleading in any material respect when made.

 

c. Seller
shall default under any of the terms, covenants and conditions of any other agreement with Buyer (if any) which is related to the instant
Agreement.

 

d. Seller
uses multiple depository accounts without obtaining prior written consent of Buyer in each instance.

 

e. Seller
fails to deposit any portion of its Future Receipts into the Approved Bank Account;

 

f. Seller
changes the Approved Bank Account or Approved Processor without obtaining prior written consent of BUYER in each instance.

 

g. Seller
interferes with Buyer’s collection of Initial Installments (or Adjusted Installments, as the case may be).

 

h. Two (2)
or more ACH transactions attempted by Buyer are rejected by Seller’s bank due to lack of sufficient funds in the Approved Bank
Account, without Seller giving Buyer prior notice and a valid reason for said lack of funds.

 

i. Buyer
receives an “R02”, “R07”, “R08”, “R16”, “R29” or any other similar ACH response
code indicating that Buyer’s ACH transactions have been stopped, not authorized, or the account has been frozen or closed and Buyer
has not been given proper notice and reason for said response code.

 

j. The Guaranty
shall for any reason cease to be in full force and effect.

 

 

    	 	 	 

     

    

 

28. Default
under the Agreement. In case any Event of Default occurs and is not waived by Buyer, in writing, Buyer may declare Seller in
default under this Agreement without notice.

 

29. Seller’s
Obligations Upon Default. Upon occurrence of an Event of Default due to Seller’s breach of its obligations under this Agreement,
Seller shall immediately deliver to Buyer the entire unpaid portion of the Purchased Amount. In addition, Seller shall also pay to Buyer,
as additional damages, any reasonable expenses incurred by Buyer in connection with recovering the monies due to Buyer from Seller pursuant
to this Agreement, including without limitation the costs of retaining collection firms and reasonable attorneys’ fees and disbursements
(collectively, “Reasonable Damages”). The parties agree that Buyer shall not be required to itemize or prove its Reasonable
Damages and that the fair value of the Reasonable Damages shall be calculated as thirty-three percent (33%) of the undelivered portion
of the Purchased Amount of Future Receipts upon the occurrence of an event of default, or seventy- five hundred dollars ($7,500.00),
whichever is greater. The entire sum due to Buyer pursuant to this Section 29 shall bear simple interest from the Default Payment Date
until is paid in full, at the rate of 9.00% per annum (and such interest shall accrue daily).

 

30. Remedies
Upon Default. Upon Seller’s default, Buyer may immediately proceed to protect and enforce its rights under this Agreement
and/or Guaranty by:

 

a. Enforcing
its rights as a secured creditor under the Uniform Commercial Code including, without limitation, notifying any account debtor(s) of
Seller and/or Guarantor(s) as the terms are defined below, of Buyer’s security interest (Buyer understands that in the course of
notifying said account debtor of Seller’s security interest, Seller shall have the right to share any and all information regarding
this Agreement and the Personal Guarantee of Performance);

 

b. Enforcing
the provisions of the Personal Guarantee of Performance against the Guarantor(s) without first seeking recourse from Seller;

 

c. Notifying
Seller’s and/or Guarantor’s credit card processor of the sale of Future Purchase Receipts hereunder and to direct such credit
card processor to make payment to Buyer of all or any portion of the amounts received by such credit card processor on behalf of Seller;
and

 

d. Commencing
a suit in law and/or equity, whether for the specific performance of any covenant, agreement or other provision contained herein, or
to enforce the discharge of Seller’s obligations hereunder (including the Personal Guarantee) or any other legal or equitable right
or remedy including without limitation Buyer’s rights of a secured party under the UCC.

 

31. Remedies
are not Exclusive. All rights, powers and remedies of Buyer in connection with this Agreement set forth herein may be exercised
at any time after the occurrence of any Event of Default, are cumulative and not exclusive and shall be in addition to any other rights,
powers or remedies provided to Buyer by law or equity.

 

32. Power
of Attorney. Seller irrevocably appoints Buyer and its representatives as its agents and attorneys-in- fact with full authority
to take any action or execute any instrument or document to do the following: (A) to settle all obligations due to Buyer from any credit
card processor and/or account debtor(s) of Seller; (B) upon occurrence of an Event of Default to perform any and all obligations of Seller
under this Agreement, including without limitation (i) to protect the value of the Collateral by obtaining the required insurance; (ii)
to collect monies due or to become due under or in respect of any of the Collateral; (iii) to receive, endorse and collect any checks,
notes, drafts, instruments, documents or chattel paper in connection with clause (i) or clause (ii) above; (iv) to sign Seller’s
name on any invoice, bill of lading, or assignment directing customers or account debtors, as that term is defined by Article 9 of the
Uniform Commercial Code (“ Account Debtors”), to make payment directly to Buyer (including providing information necessary
to identify Seller); and (v) to file any claims or take any action or institute any proceeding which Buyer may deem necessary for the
collection of any of the unpaid Purchased Amount from the Collateral, or otherwise to enforce its rights with respect to collection of
the Purchased Amount.

 

ADDITIONAL
TERMS

 

33. Seller
Deposit Agreement. Seller shall execute an agreement with Buyer that shall authorize Buyer to arrange for electronic fund transfer
services and/or “ACH” payments of Initial Installments (or Adjusted Installments, as the case may be) from the Approved Bank
Account. Seller shall provide Buyer and/or its authorized agent with all information, authorizations and passwords necessary to verify
Seller’s receivables, receipts and deposits into the Approved Bank Account. Seller shall authorize (by executing written authorizations,
if required) Buyer and/or it’s agent to deduct daily the amounts of the Initial Installment (or the Adjusted Installment, as the
case may be) to Buyer from settlement amounts which would otherwise be due to Seller from electronic check transactions and to pay such
amounts to Buyer by permitting Buyer to withdraw the Initial Installments (or the Adjusted Installments, as the case may be) from such
an account. The authorization shall be irrevocable until such time when Seller shall have performed its obligations under this Agreement
in full.

 

 

    	 	 	 

     

    

 

34. Financial
Condition. Seller and its Guarantor(s) authorize Buyer and its agents to investigate their financial status and history and will
provide to Buyer any bank or financial statements, tax returns, etc., as Buyer deems necessary prior to or at any time after execution
of this Agreement. A photocopy of this authorization will be deemed as acceptable for release of financial information. Buyer Seller
hereby authorizes Buyer to receive from time to time updates on such information and financial status.

 

35. Transactional
History. Seller shall execute written authorization(s) to their bank(s) to provide Buyer with Seller’s banking and/or credit-card
processing history.

 

36. Indemnification.
Seller and its Guarantor(s) jointly and severally, indemnify and hold harmless to the fullest extent permitted by law Approved Processor,
any ACH processor, customer and/or Account Debtors of the Seller, its/their officers, directors and shareholders against all losses,
damages, claims, liabilities and expenses (including reasonable attorney’s fees) incurred by any ACH processor, customer and/or
Account Debtors of the Seller resulting from (a) claims asserted by Buyer for monies owed to Buyer from Seller and (b) actions taken
by any ACH processor, customer and/or Account Debtor of the Seller in reliance upon information or instructions provided by Buyer.

 

37. No
Liability. In no event shall Buyer be liable for any claims asserted by Seller or its Guarantor under any legal theory for lost
profits, lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect or consequential damages, each
of which is hereby knowingly and voluntarily waived by Seller and Guarantor(s).

 

MISCELLANEOUS

 

38. Modifications;
Agreements. No modification, amendment, waiver or consent of any provision of this Agreement shall be effective unless the same
shall be in writing and signed by both parties.

 

39. Assignment.
Buyer may assign, transfer or sell its rights or delegate its duties hereunder, either in whole or in part without prior notice to the
Seller. Seller shall not assign its rights or obligations under this Agreement without first obtaining Buyer’s written consent.

 

40. Notices.
All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice request, demand, claim, or
other communication hereunder shall be deemed duly given (a) when delivered personally to the recipient, (b) one (1) business day after
being sent to the recipient by recognized overnight courier service, or (c) three (3) business days after being mailed to the recipient
by certified, return receipt requested and postage prepaid, and addressed to the intended recipient as set forth in the preamble of this
Agreement.

 

41. Waiver
Remedies. No failure on the part of Buyer to exercise, and no delay in exercising, any right under this Agreement, shall operate
as a waiver thereof, nor shall any single or partial exercise of any right under this Agreement preclude any other or further exercise
thereof or the exercise of any other right. The remedies provided hereunder are cumulative and not exclusive of any remedies provided
by law or equity.

 

42. Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted
assigns.

 

43. Governing
Law, Venue and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York. Seller consents to the jurisdiction of the federal and state courts located in the State of New York, including but not limited
to the County of Kings and agrees that (subject to Section 49 of this Agreement) such courts shall be the exclusive forum for all actions,
proceedings or litigation arising out of or relating to this Agreement or subject matter thereof ("Dispute"), notwithstanding
that other courts may have jurisdiction over the parties and the subject matter, and the parties waive any forum non conveniens or other
objection to such jurisdiction and venue. Purchaser may serve Seller with legal process for any Dispute via certified mail by mailing
same to Seller’s address set forth herein or Seller’s current or last known address at the time of suit, and upon such mailing,
service shall be proper irrespective of whether a signed certified mail return receipt is returned to Purchaser.

 

44. Survival
of Representation, etc. All representations, warranties and covenants herein shall survive the execution and delivery of this
Agreement and shall continue in full force until all obligations under this Agreement shall have been satisfied in full and this Agreement
shall have expired.

 

 

    	 	 	 

     

    

 

45. Severability.
In case any of the provisions in this Agreement are found to be invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of any other provision contained herein shall not in any way be affected or impaired. Any provision of this Agreement
that may be found by a court having jurisdiction to be prohibited by law shall be ineffective only to the extent of such prohibition
without invalidating the remaining provisions hereof.

 

46. Entire
Agreement. This Agreement embodies the entire agreement between Seller and Buyer and supersedes all prior agreements and understandings
relating to the subject matter hereof. The Exhibit(s), Riders and Addendums, if any, to this Agreement are part of this Agreement.

 

47. JURY
TRIAL WAIVER. THE PARTIES HERETO WAIVE TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION
WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR THE ENFORCEMENT HEREOF. EACH PARTY HERETO ACKNOWLEDGES
THAT IT MAKES THIS WAIVER KNOWINGLY, WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION AND DISCUSSIONS
OF THE RAMIFICATIONS OF THIS WAIVER WITH ITS ATTORNEYS.

 

48. CLASS
ACTION WAIVER. 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 IS 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 HEREBY AGREE THAT:
(1) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE
ACTION (NOTWITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT TO THE CONTRARY); AND (2) 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.

 

49. ARBITRATION.
THE PARTIES ACKNOWLEDGE AND AGREE THAT, PROVIDED THAT NO SUIT, ACTION OR PROCEEDING HAS BEEN ALREADY COMMENCED IN CONNECTION WITH ANY
MATTER ARISING OUT OF OR RELATED TO THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT, EACH BUYER, SELLER, AND ANY GUARANTOR OF SELLER SHALL
HAVE THE RIGHT TO REQUEST THAT ALL DISPUTES AND CLAIMS ARISING OUT OF OR RELATING TO THE CONSTRUCTION AND INTERPRETATION OF THIS AGREEMENT,
ARE SUBMITTED TO ARBITRATION. THE PARTY SEEKING ARBITRATION SHALL FIRST SEND A WRITTEN NOTICE OF INTENT TO ARBITRATE TO ALL OTHER PARTIES,
BY CERTIFIED MAIL UPON SENDING OF SUCH NOTICE, A PARTY REQUESTING ARBITRATION MAY COMMENCE AN ARBITRATION PROCEEDING WITH THE AMERICAN
ARBITRATION ASSOCIATION (“AAA”) OR NATIONAL ARBITRATION FORUM (“NAF”). EACH SELLER, GUARANTOR AND BUYER SHALL
PAY THEIR OWN ATTORNEYS’ FEES INCURRED DURING THE ARBITRATION PROCEEDING. THE PARTY INITIATING THE ARBITRATION SHALL PAY ANY ARBITRATION
FILING FEE, ADMINISTRATION FEE AND ARBITRATOR’S FEE.

 

50. Counterparts
and Facsimile Signatures. This Agreement can be signed in one or more counterparts, each of which shall constitute an original
and all of which when taken together, shall constitute one and the same agreement. Signatures delivered via facsimile and/or via Portable
Digital Format (PDF) shall be deemed acceptable for all purposes, including without limitation the evidentially purposes.

 

 

[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

 

    	 	 	 

     

    

 

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

 

 

	FOR SELLER # 1	FOR THE SELLER # 2 (if any)

 

 

	By: /s/ Henry Levinski	By: /s/ Danta Picazo
	Name: HENRY
  DONALD LEVINSKI	Name: DANTE PICAZO
	Title: Owner/Agent/Manager

                         EIN: 82-5497827
	Title: Owner/Agent/Manager

                         EIN: 82-5497827

 

 

AGREE
TO BE BOUND BY THE PROVISIONS OF THIS AGREEMENT APPLICABLE TO AND CONCERNING GUARANTOR.

 

 

	OWNER/GUARANTOR # 1	OWNER/GUARANTOR # 2 (if any)

 

	By: /s/ Henry Levinski	By: /s/ Danta Picazo
	Name: HENRY DONALD LEVINSKI	Name: DANTE PICAZO
	SSN: ###-##-####	SSN: ###-##-####

 

 

PARK
AVE FUNDING

  

By: _________________________

Name:

Title:

 

 

 

    	 	 	 

     

    

 

 

EXHIBIT
A

 

PERSONAL
GUARANTY OF PERFORMANCE

 

 

This
Personal Guaranty of Performance (this “Guaranty”) is executed as of August
8, 2022, by the undersigned individual(s) whose name(s) and signature(s) appear in
the signature box of this Guaranty (individually and collectively, jointly and severally, “Guarantor”) for the
benefit of PARK AVE FUNDING (“Buyer”).

 

WHEREAS:

 

A. Pursuant
to that Future Receivables Sale and Purchase Agreement (the “Agreement”), dated as of August
8, 2022, between Buyer and the Seller(s) listed below (collectively and individually, “Seller”),
Buyer has purchased a portion of Future Receipts of Seller.

 

B. Each
Guarantor is an owner, officer, manager or affiliate of Seller and will directly benefit from Buyer and Seller entering into the Agreement.

 

C. Buyer
is not willing to enter into the Agreement unless Guarantor irrevocably, absolutely and unconditionally guarantees to Buyer prompt and
complete performance of all of the obligations of Seller under the Agreement (each such obligation, individually, an “Obligation”
and all such obligations, collectively, the “Obligations”).

 

NOW,
THEREFORE, as an inducement for Buyer to enter into the Agreement, and for other good and valuable consideration, the receipt and
legal sufficiency of which are hereby acknowledged, Guarantor does hereby agree as follows:

 

1. Defined
Terms. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

 

2. Guaranty
of Obligations. Guarantor hereby irrevocably, absolutely and unconditionally guarantees to Buyer prompt, full, faithful and complete
performance and observance of all of Seller’s Obligations; and Guarantor unconditionally covenants to Buyer that if default or
breach shall at any time be made by Seller in the Obligations, Guarantor shall well and truly pay or perform (or cause to be paid or
performed) the Obligations and pay all damages and other amounts stipulated in the Agreement with respect to the non-performance of the
Obligations, or any of them.

 

3. Guarantor’s
Additional Covenants. The liability of Guarantor hereunder shall not be impaired, abated, deferred, diminished, modified, released,
terminated or discharged, in whole or in part, or otherwise affected, by any event, condition, occurrence, circumstance, proceeding,
action or failure to act, with or without notice to, or the knowledge or consent of, Guarantor, including, without limitation:

 

a. any
amendment, modification or extension of the Agreement or any Obligation;

 

b. any
extension of time for performance, whether in whole or in part, of any Obligation given prior to or after default thereunder;

 

c. any
exchange, surrender or release, in whole or in part, of any security that may be held by Buyer at any time under the Agreement;

 

d. any
other guaranty now or hereafter executed by Guarantor or anyone else;

 

e. any
waiver of or assertion or enforcement or failure or refusal to assert or enforce, in whole or in part, any Obligation, claim, cause of
action, right or remedy which Buyer may, at any time, have under the Agreement or with respect to any guaranty or any security which
may be held by Buyer at any time for or under the Agreement or with respect to the Seller;

 

 

    	 	 	 

     

    

 

f. any
act or omission or delay to do any act by Buyer which may in any manner or to any extent vary the risk of Guarantor or which would otherwise
operate as a discharge of Guarantor as a matter of law;

 

g. the
release of any other guarantor from liability for the performance or observance of any Obligation, whether by operation of law or otherwise;

 

h. the
failure to give Guarantor any notice whatsoever;

 

i. any
right, power or privilege that Buyer may now or hereafter have against any person, entity or collateral.

 

4. Guarantor’s
Other Agreements. Guarantor will not dispose, convey, sell or otherwise transfer, or cause Seller to dispose, convey, sell or otherwise
transfer, any material business assets of Seller outside of the ordinary course of Seller’s business without the prior written
consent of Buyer, which consent may be withheld for any reason, until receipt of the entire Purchased Amount. Guarantor shall pay to
Buyer upon demand all expenses (including, without limitation, reasonable attorneys’ fees and disbursements) of, or incidental
to, or relating to the enforcement or protection of Buyer’s rights hereunder or Buyer’s rights under the Agreement. This
Guaranty is binding upon Guarantor and Guarantor’s heirs, legal representatives, successors and assigns and shall inure to the
benefit of and may be enforced by the successors and assigns of Buyer. If there is more than one Guarantor, the obligations of the Guarantors
hereunder shall be joint and several. 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 at any time
renew or extend Seller’s obligations under the Agreement or otherwise modify, amend or change the terms of the Agreement. Guarantor
is hereby notified and consents that a negative credit report reflecting on his/her credit record may be submitted to a credit-reporting
agency if the Guarantor does not honor the terms of this Guaranty.

 

5. Waiver;
Remedies. No failure on the part of Buyer to exercise, and no delay in exercising, any right under this Guaranty shall operate as
a waiver, nor shall any single or partial exercise of any right under this Guaranty preclude any other or further exercise of any other
right. The remedies provided in this Guaranty are cumulative and not exclusive of any remedies provided by law or equity. In the event
that Seller fails to perform any obligation under the Agreement, Buyer may enforce its rights under this Guaranty without first seeking
to obtain performance for such default from Seller or any other guarantor.

 

6. Acknowledgment
of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Buyer to Seller in exchange for the Purchased Amount
of Future Receipt is a payment for an adequate consideration and is not intended to be treated as a loan or financial accommodation from
Buyer to Seller. Guarantor specifically acknowledges that Buyer is not a lender, bank or credit card processor, and that Buyer has not
offered any loans to Seller, and Guarantor waives any claims or defenses of usury in any action arising out of this Guaranty. Guarantor
acknowledges that the Purchase Price paid to Seller is good and valuable consideration for the sale of the Purchased Amount.

 

7. Governing
Law and Jurisdiction. This Guaranty shall be governed by and construed exclusively in accordance with the laws of the State of New
York, without regards to any applicable principles of conflicts of law. Any lawsuit, action or proceeding arising out of or in connection
with this Guaranty shall be instituted exclusively in any court sitting in New York State (the “Acceptable Forum”). The parties
agree that the Acceptable Forum is convenient and submit to the jurisdiction of the Acceptable Forum and waive any and all objections
to inconvenience of the jurisdiction or venue. Should a proceeding be initiated in any other forum, each of the parties to this Guaranty
irrevocably waives any right to oppose any motion or application made by any other party to transfer such proceeding to the Acceptable
Forum. Seller and its Guarantor(s) acknowledge and agree that the Purchase Price is being paid and received by Seller in New York, that
the Specified Percentage of the Future Receipts are being delivered to Buyer in New York, and that the transaction contemplated in the
Agreement was negotiated, and is being carried out, in New York. Seller and its Guarantor(s) acknowledge and agree that New York has
a reasonable relationship to this Guaranty.

 

 

    	 	 	 

     

    

 

8. JURY
WAIVER. THE PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION
WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH THIS GUARANTY IS A PART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIVER IS PROHIBITED
BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. THE PARTIES ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY, WILLINGLY
AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR ATTORNEYS.

 

9. CLASS
ACTION WAIVER. THE PARTIES WAIVE 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.

 

10. ARBITRATION.
THE PARTIES ACKNOWLEDGE AND AGREE THAT, PROVIDED THAT NO SUIT, ACTION OR PROCEEDING HAS BEEN ALREADY COMMENCED IN CONNECTION WITH
ANY MATTER ARISING OUT OF OR RELATED TO THIS GUARANTY AND/OR THE TRANSACTION CONTEMPLATED BY THE AGREEMENT, EACH BUYER, SELLER AND GUARANTOR
SHALL HAVE THE RIGHT TO REQUEST THAT ALL DISPUTES AND CLAIMS ARISING OUT OF OR RELATING TO THE CONSTRUCTION AND/OR INTERPRETATION OF
THIS GUARANTY ARE SUBMITTED TO ARBITRATION. THE PARTY SEEKING ARBITRATION SHALL FIRST SEND A WRITTEN NOTICE OF INTENT TO ARBITRATE TO
ALL OTHER PARTIES, BY CERTIFIED MAIL. UPON SENDING OF SUCH NOTICE, A PARTY REQUESTING ARBITRATION MAY COMMENCE AN ARBITRATION PROCEEDING
WITH THE AMERICAN ARBITRATION ASSOCIATION (“AAA”) OR NATIONAL ARBITRATION FORUM (“NAF”). EACH SELLER, GUARANTOR
AND BUYER SHALL PAY THEIR OWN ATTORNEYS’ FEES INCURRED DURING THE ARBITRATION PROCEEDING. THE PARTY INITIATING THE ARBITRATION
SHALL PAY ANY ARBITRATION FILING FEE, ADMINISTRATION FEE AND ARBITRATOR’S FEE.

 

11. Severability.
If for any reason any court of competent jurisdiction finds any provisions of this Guaranty to be void or voidable, the parties agree
that the court may reform such provision(s) to render the provision(s) enforceable ensuring that the restrictions and prohibitions contained
in this Guaranty shall be effective to the fullest extent allowed under applicable law.

 

12. Opportunity
for Attorney Review. The Guarantor represents that he/she has carefully read this Guaranty and has had a reasonable opportunity
to –and to the extent he or she wishes did– consult with his or her attorney. Guarantor understands the contents of this
Guaranty and signs this Guaranty as his or her free act and deed.

 

13. Counterparts
and Facsimile Signatures. This Guaranty may be signed in one or more counterparts, each of which shall constitute an original
and all of which when taken together shall constitute one and the same agreement. Facsimile or scanned documents shall have the same
legal force and effect as an original and shall be treated as an original document for evidentiary purposes.

 

 

AGREED
AND ACCEPTED:

 

 

	OWNER/GUARANTOR # 1	OWNER/GUARANTOR # 2 (if any)

 

	By: /s/ Henry Levinski	By: /s/ Danta Picazo
	Name: HENRY DONALD LEVINSKI	Name: DANTE PICAZO
	SSN: ###-##-####	SSN: ###-##-####

 

 

PARK
AVE FUNDING

  

By: _________________________

Name:

Title:

 

 

    	 	 	 

     

    

 

RIDER
1

 

TO THE
FUTURE RECEIVABLES SALE AND PURCHASE AGREEMENT (“Agreement”)

Between PARK AVE FUNDING
(“BUYER”)

And CHINA
INFRASTRUCTURE CONSTRUCTION CORP (“Seller”), 

dated
August 8, 2022.

 

 

APPLICABLE
FEES

 

1. Possible
Conflicts. If there is any conflict or inconsistency between any of the provisions of this Rider and any of the provisions of
the Future Receivables Sale and Purchase Agreement (the “Agreement”) to which this Rider is attached, all such conflicts
and inconsistencies shall be resolved in favor of the provisions of this Rider.

 

2. Definitions.
All capitalized terms used in this Rider shall have the meaning set forth in the Agreement unless otherwise indicated herein.

 

3. Applicable
Fees. The parties agree that the Applicable Fees which Seller shall pay to Buyer, pursuant to Section 17 of the Agreement shall
be as follows:

 

a.
Origination Fee: $4,500.00 , or up to ten percent (10%) of the Purchase Price (the cost of the due diligence and
underwriting of Seller’s business performed by Buyer. As a general rule, the Origination Fee varies and depends on the complexity
of underwriting required on a business including without limitation, sophistication of Seller’s principals, difficulty in ascertaining
Seller’s receivables and account debtors, sources of Seller’s revenue flow, etc.).

 

b.
UCC Fee: $250.00

 

c. NSF
Fee: $35.00 per NSF

 

d. ACH
Rejection Fee: $35.00 per rejection

 

e. Default
Fee: See Section 29 of the Agreement

 

4. Authorization.
Seller hereby authorizes Buyer to apply a portion of the Purchase Price due to Seller pursuant to the Agreement toward satisfaction of
Seller’s obligation to pay the Applicable Fees pursuant to Section 17 of the Agreement by deducting the amount of the Applicable
Fees from the Purchase Price prior to delivering it to Seller.

 

5. No
Reduction of Purchase Price. Seller hereby agrees that deduction of the Applicable Fees from the Purchase Price shall not be
deemed to reduce the Purchase Price.

 

 

 

Seller
and Buyer agree that this Rider shall be attached to the Agreement and shall be made a part thereof.

 

 

	FOR THE SELLER	FOR THE SELLER #2 (If any)

 

	By:  /s/ Henry Levinski	By: /s/ Dante Picazo

 

	Name: HENRY DONALD LEVINSKI	Name: DANTE PICAZO

 

 

    	 	 	 

     

    

 

 

RIDER
2

 

TO THE
FUTURE RECEIVABLES SALE AND PURCHASE AGREEMENT

( “Agreement”)

Between
PARK AVE FUNDING (“BUYER”)

and
CHINA INFRASTRUCTURE CONSTRUCTION CORP

( “Seller”)
dated August 8, 2022.

  

PRIOR
BALANCE

 

1. Possible
Conflicts. If there is any conflict or inconsistency between any of the provisions of this Rider and any of the provisions of
the Future Receivables Sale and Purchase Agreement (the “Agreement”) to which this Rider is attached, all such conflicts
and inconsistencies shall be resolved in favor of the provisions of this Rider.

 

2. Definitions.
All capitalized terms used in this Rider shall have the meaning set forth in the Agreement unless otherwise indicated herein.

 

3. Prior
Balance. Seller represents and warrants that the following list of its creditors and the amounts that Seller owes its creditors
as of the Effective Date of the Agreement is true, correct and complete:

 

TOTAL
PRIOR BALANCE: $0.00

 

4. Authorization.
Seller hereby authorizes Buyer to apply a portion of the Purchase Price due to Seller pursuant to the Agreement toward satisfaction of
Seller’s obligation to pay the Prior Balance pursuant to Section 18 of the Agreement by deducting the amount of the Prior Balance
from the Purchase Price prior to delivering it to Seller, and to forward the specific amounts owed by Seller to Buyer and/or the creditors
listed in this Rider.

 

5. No
Reduction of Purchase Price. Seller hereby agrees that deduction of the Prior Balance from the Purchase Price shall not be deemed
to reduce the Purchase Price.

 

6. Indemnification.
Seller hereby indemnifies and holds harmless Buyer for any and all damages and losses (including without limitation legal fees
and expenses) incurred by Buyer as the result of the information set forth in this Rider being untrue or incorrect or incomplete.

 

 

Seller
and Buyer agree that this Rider shall be attached to the Agreement and shall be made a part thereof.

 

 

	OWNER/GUARANTOR # 1	OWNER/GUARANTOR # 2 (if any)

 

	By: /s/ Henry Levinski	By: /s/ Danta Picazo
	Name: HENRY DONALD LEVINSKI	Name: DANTE PICAZO
	SSN: ###-##-####	SSN: ###-##-####

 

 

PARK
AVE FUNDING

  

By: _________________________

Name:

Title:

 

 

    	 	 	 

     

    

 

Dear Seller,

 

 

Thank you
for your interest in working with PARK AVE FUNDING. We look forward to working with you for as long as you need.

 

As part
of the underwriting process, PARK AVE FUNDING will require viewing access to your bank account prior to and during the Future Receivables
Sale and Purchase Agreement. Please be assured that we carefully safeguard your confidential information, and only essential personnel
will have access to it.

 

Please fill
out the form below with the information necessary to access your account.

* Be sure
to indicate capital or lower-case letters.

 

Name of
bank: ______________________________________________

 

Bank portal
website: __________________________________________

 

Username: _________________________________________________

 

Password: __________________________________________________

 

Security
Question/Answer 1: ___________________________________

 

Security
Question/Answer 2: ___________________________________

 

Security
Question/Answer 3: ___________________________________

 

Any
other information necessary to access your account: __________________________________

 

 

 

    	 	 	 

     

    

 

 

AUTHORIZATION
AGREEMENT

 

FOR
AUTOMATED CLEARING HOUSE TRANSACTIONS

 

 

CHINA INFRASTRUCTURE CONSTRUCTION CORP(“Seller”)
hereby authorizes Buyer to present automated clearinghouse (“ACH”) debits to the following checking account in the amount
of the Initial Installment. In addition, if any Default occurs under the Agreement, Seller authorizes Buyer to debit any and all accounts
controlled by Seller or controlled by any entity with the same Federal Tax Identification Number as Seller up to the total amount, including
but not limited to, all fees and charges, due to Buyer from Seller under the terms of the Agreement. All capitalized terms herein shall
be as defined in the Future Receivables Sale and Purchase Agreement attached hereto. Lastly, Seller agrees to be bound by the ACH Rules
as set by NACHA.

 

 

Name
of Bank: BANK OF AMERICA

Account
Number: 488056617849

Routing
Number: 111000025

Seller
’s EIN: 82-5497827 

 

 

 

	SELLER	SELLER #2

 

	Signature: /s/ Henry Levinski	Signature: /s/ Dante Picazo
	Name: HENRY
  DONALD LEVINSKI	Name: DANTE PICAZO
	Date: August 8, 2022	Date: August 8, 2022

 

 

 

 

 

 

PLEASE
ATTACH A VOIDED CHECK

 

 

    	 	 	 

     

    

 

 

EXHIBIT
B

 

LIST
OF ADDITIONAL PARTIES IN WHOSE ASSETS SELLER HAS GRANTED BUYER A BLANKET SECURITY INTEREST:

 

 

 

 

 

 

 

 

 

 

 

Buyer
may file a UCC-1 financing statement with the appropriate Secretary of State(s) reflecting a blanket security interest in the assets
of the above-listed entities.

 

 

 

Dated:
August 8, 2022

 

 

	Signature: /s/ Henry Levinski	Signature: /s/ Dante Picazo

	Name: HENRY
  DONALD LEVINSKI	Name: DANTE PICAZO
	Date: August 8, 2022	Date: August 8, 2022

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]