Document:

Exhibit 10.5

 

 

	Loan
    Agreement relating to Affinitas GmbH   Dated 21/22/23 September 2016   by and among   1. Affinitas GmbH  
    Kohlfurter Straβe 41/43. 10999 Berlin.   registered with the commercial register of the local court of   Chariottenburg
    in Berlin under HRB 115958 B       (the “Borrower”)   2. persons and entities whose names
    and addresses are set out in Annex A to this Loan Agreement     (such persons and entities each a “Lender”
    and collectively the “Lenders”)        (the Lenders and the Borrower each a “Party”
    and collectively the “Parties”) 

 

     

     

    

 

 

	   1
    Granting and Disbursement of Loans    1.1 Amount of Loans. Each Lender hereby grants to the Borrower a loan (each
    such loan a “Loan” and collectively the “Loans”) of such type and in such principal amount as set
    forth opposite such Lender’s name in Annex 1.1 to this Loan Agreement (with each such principal amount of the respective
    Loan being the “Principal Amount”) at the terms and conditions set forth in this Loan Agreement.    1.2
    Disbursement. Subject to the provisions of the following sentence, the Borrower shall be entitled but not obliged to draw
    down the Loans at its free discretion. The Borrower may exercise its drawdown night within the meaning of the preceding sentence
    only (i) prior to the lapse of 30 September 2016, (ii) in respect of all Loans and (iii) in respect of the entire Principal
    Amount of each Loan, in each case by way of a notification to each Lender in text form (within the meaning of section 126b
    of the German Civil Code (BGD)). This Loan Agreement shall automatically terminate and no Lender shall be entitled to any
    penalties or break costs, in case the Borrower does not exercise its right under this section 1.2 and does not draw down the
    Loans prior to the lapse of 30 September 2016 in accordance with the provisions of the preceding sentence. The disbursement
    of its/his drawn down Loan by each respective Lender shall be credited to the following bank account of the Borrower:  
    Bank: Deutsche Bank IBAN: DE21500700100094086600 BIC: DEUTDEFFXXX,   in full, in cash and free of any deductions and/or
    withholdings no later than on the fifth Business Day (with a “Business Day” being any day on which banks in Berlin
    are generally open for the public, other than Saturday, Sunday and a public holiday) following the day of receipt by such
    Lender of a drawdown request of the Borrower in text form (the “Disbursement Due Date”).    1.3 Default
    Interest payable by the Lenders. If the respective Loan has become due for disbursement in accordance with section 1.2, but
    has not been disbursed by the respective Lender, default interest shall accrue from the Disbursement Due Date pursuant to
    the statutory provisions.    2 Term, Repayment and Interest    2.1 Term and Repayment. Each Loan shall
    have a fixed term and shall terminate and mature on such date as set forth to be the “Maturity Date” (the “Maturity
    Date”) of the respective Loan in Annex 1.1 to this Loan Agreement. The outstanding Principal Amount of each respective
    disbursed Loan shall be repaid in full on the Maturity Date. Except as set forth in section 2.2 and section 2.3 below, the
    Borrower shall in no event be entitled to repay any of the Loans prior to the last day of its term.   

 

     

     

    

 

 

	  
     2.2 Premature Repayment. The Borrower at its sole discretion may (partially) repay the outstanding Loans prematurely
    on 31 December 2017, provided that    (i) the total principal amount of such premature repayment shall not exceed
    50% of the aggregate Principal Amount of all Loans (disbursed and not repaid at such point in time): and    (ii)
    any such early repayment must be made to all Lenders pro rata to the Principal Amounts of their Loans (disbursed and not repaid
    at such point in time);   and provided further that the Borrower’s management has resolved to repay and has notified
    each Lender in text form of its intention to repay the Loans prematurely, stating the amount to be repaid, no later than on
    30 September 2017. For the avoidance of doubt: there shall be no obligation on the Borrower to repay any of the Loans prematurely,
    and the Borrower shall at its free discretion be entitled to repay the Loans prior to such Loans’ respective Maturity
    Dates in accordance with this section 2.2. In case of a premature repayment of a Loan pursuant to this section 2.2, the Borrower
    shall be obliged to pay to the respective Lender a prepayment penalty (a “Prepayment Penalty”) amounting (i) in
    case of Loans of Type A as set forth in Annex 1.1: to 1.5 % of the prematurely repaid Principal Amount of the respective disbursed
    Loan, and (ii) in case of Loans of Type B as set forth in Annex 1.1 to 4 % of the prematurely repaid Principal Amount of the
    respective disbursed Loan. Except as set forth in the preceding sentence, no Lender shall be entitled to any break costs or
    prepayment penalties for a premature repayment of its/his Loan in accordance with this section 2.2.    2.3 Repayment
    in Case of Non-Acquisition of Shares in Samadhi SAS. The Borrower intends to use the Loans for the acquisition of shares in
    Samadhi SAS that operates the internet platform AttractiveWorld. The Parties agree that in the event that no binding agreement
    relating to the acquisition of shares in Samadhi SAS by the Borrower has been concluded prior to the lapse of 15 November
    2016. the Borrower shall be entitled in its sole discretion to terminate this Loan Agreement and to repay all Loans (disbursed
    and outstanding at such point in time) at any time prior to the lapse of 30 November 2016. provided that such repayment must
    comprise 100 % of the Principal Amount of all Loans (disbursed and not repaid at such point in time) and all accrued and unpaid
    interest thereon. If the Borrower wishes to exercise its repayment rights within the meaning of this section 2.3, the Borrower’s
    management shall notify each Lender in text form no later than on 15 November 2016 of its intention to repay the Loans, as
    the case may be. For avoidance of doubt: there shall be no obligation on the Borrower to repay the Loans pursuant to this
    section 2.3, and the Borrower shall at its discretion be entitled to repay the Loans prior to their respective Maturity Dates.
    In case of a premature repayment of a Loan pursuant to this section 2.3, the Borrower shall be obliged to pay to the respective
    Lender all interest accrued on the outstanding Principal Amount of such Lender’s Loan and unpaid at the respective premature
    repayment date as well as a penalty of 1.5 % of the prematurely repaid Principal Amount of the respective disbursed Loan.
    Except  

 

     

     

    

 

 

	  
    as set forth in the preceding sentence, no Lender shall be entitled for any break costs or prepayment penalties for a premature
    repayment of its/his Loan pursuant to this section 2.3.    2.4 Interest. Each drawn down, disbursed and outstanding
    Loan (or a respective part thereof), during the period from 1 October 2016 until the repayment of such Loan (or of such respective
    part thereof), shall bear a yearly interest at a rate as specified for such respective Loan in Annex 1.1 to this Loan Agreement,
    on the basis of 12 months per year and the actual number of months lapsed. The interest accrued on each outstanding Loan shall
    be due and payable to the respective Lender in monthly instalments on the last Business Day of each calendar month. The Borrower
    shall pay no compound interest on the accrued interest (kein Zinseszins).    2.5 Repayment in Case of Termination
    for Good Cause. In case of a termination of this Loan Agreement for good cause pursuant to and winthin the meaning of section
    4, the Principal Amount of the respective Loan and all accrued and unpaid interest thereon shall become due and payable within
    five Business Days following the date of receipt of the termination notice by (i) the Borrower in case of termination by the
    Lenders or (ii) by all Lenders in case of termination by the Borrower. No Lender shall be entitled to any break costs, prepayment
    penalties and/or damages for a premature repayment of its/his Loan in case of a termination of this Loan Agreement for good
    cause.    2.6 Lenders’ Bank Accounts. The Borrower shall effect any payment under this Loan Agreement and
    any further agreement in connection herewith entered into between the Lenders and the Borrower, as the case may be (e.g. any
    security documentation), to such respective Lender’s bank details as set forth in Annex A.    2.7 Default
    Interest payable by the Borrower. Default interest on any overdue payments by the Borrower under this Loan Agreement shall
    be subject to statutory provisions.    3 Security    3.1 Security Commitment. As a security (the “Security”)
    for its payment obligations under this Loan Agreement, the Borrower provides the following security interests:   
    Assignment of Borrower’s claims over the accounts receivable as set forth in Part II of the Security Pooling Agreement
    and Assignment of Claims attached hereto as Annex 3.1.   3.2 Enforcement in the Event of Default. Each Lender
    agrees and undertakes to procure that the enforcement and realization of the Security may be effected only following the occurrence
    of an Event of Default. An “Event of Default” within the meaning and for the purposes of the preceding sentence
    (and for the purposes of the Security Pooling Agreement and Assignment of Claims in Annex 3.1) occurs if (i) the Borrower
    fails to pay on the respective due date any amounts due and payable pursuant to this Loan Agreement and (ii) fails to cure
    such non-compliance and to make such outstanding payments within three (3) weeks upon receipt by the Borrower of a written
    reminder of any of the Lenders.  

 

     

     

    

 

 

	  
     3.3 No Enforcement by Individual Lenders. Each Lender agrees and acknowledges that no Lender shall (individually) take
    and/or procure to be taken any enforcement action in respect of any claims against the Borrower under this Loan Agreement,
    except where such action has been consented to by the Lenders, that have granted to the Borrower 75 % or more of the aggregate
    Principal Amounts of all Loans outstanding from time to time (eine Mehrheit von mindestens 75 % der zum jeweiligen Zeitpunkt
    valutierenden Darlehensnennbetrage) (such majority of Lenders: the “Lenders’ Majority”), with the proviso,
    however, that in case of enforcement of any due claims following the termination of this Loan Agreement for good cause pursuant
    to and in accordance with (ii) of the first sentence of section 4.2. the consent of Lenders, holding jointly or individually.
    75 % or more of payment claims against the Borrower that have become due and have not been paid by the Borrower (fallige und
    nicht geleistete Zahlungen) at the relevant point in time (the “Default Majority”) shall be required and sufficient.
    The provisions of the preceding sentence shall not apply in case of enforcement of claims under this Loan Agreement by a Lender
    following the termination of this Loan Agreement by such Lender for good cause pursuant to (i) of the first sentence of section
    4.2 (i.e. in case of application for the opening of insolvency proceedings over the Borrower’s assets), and each Lender
    that has terminated this Agreement for such good cause in accordance with section 4.4 shall individually be entitled to take
    the enforcement measures in respect of his/its claims under this Agreement that have become due and have not been paid at
    the relevant point in time following such termination. Each Lender further agrees and acknowledges that granting, administration,
    enforcement and realization of the Security as well as distribution of any proceeds therefrom, as the case may be must be
    effected in strict accordance with the provisions of the Security Pooling Agreement and Assignment of Claims set forth in
    Annex 3.1, and that the enforcement and realization of the Security shall be permitted only in cases provided for therein.
       3.4 Release of Security. Each Lender herewith undertakes to submit any and all declarations and to conduct any
    and all acts necessary or required (as the case may be) in order to release (or procure the release of) the Security, without
    undue delay upon such Security becoming due for release pursuant to the provisions of the Security Pooling Agreement and Assignment
    of Claims.    3.5 No further Securities. No further securities except the Security shall be requested or granted
    in respect of any of the Loans.    4 Termination   4 1 Exclusion of Ordinary Termination Right. Except as expressly
    provided for otherwise in this Loan Agreement (e.g. in its section 2.3). this Loan Agreement cannot be terminated by any Party
    hereto except for good cause (aus wichtigem Grund).   4 2 Good Cause for the Benefit of the Lenders. The good cause is
    given for the benefit of the Lenders in particular in case (i) of filing of the application for opening of insolvency proceedings
    over the Borrower’s assets, or (ii) if the Borrower (a) is materially in breach of any of its payment obligations under  

 

     

     

    

 

 

	  this
    Loan Agreement when due and (b) fails to cure such non-compliance and to make such outstanding payments within 3 (three) weeks
    upon receipt by the Borrower of a written reminder of any of the Lenders, or (iii) if both Michael Schrezenmaier and Jeronimo
    Federico Folgueira Sanchez (and not only one of them) have ceased to provide their services to the Borrower as managing directors
    or in any other capacity as agreed between the Borrower and the Lenders, holding jointly or individually a Lenders’
    Majority, or (iv) of occurrence of any of the following events: (x) sale, transfer or exchange of more than 50 % of all shares
    in the Borrower (by nominal value) in a single transactions or in a series of related transactions or (y) direct or indirect
    (via a holding company) initial public offering and/or stock exchange listing of the Borrower.    4.3 Exertion of
    Termination Right by the Lenders’ Majority. The termination of this Loan Agreement for good cause pursuant to and within
    the meaning of sections 4.1 and 4.2 (except in case of termination for good cause set forth in (i) and in (ii) of the first
    sentence of section 4.2 which shall be exclusively governed by the provisions of section 4.4 or, respectively, section 4.5
    below) may be exercised in writing to the Borrower only by the Lenders holding jointly or individually a Lenders’ Majority,
    in each case acting jointly, but not by individual Lenders, unless mandatory statutory provisions require otherwise. If the
    Lenders, holding jointly or individually a Lenders’ Majority, give notice of termination pursuant to this section 4.3,
    the outstanding Principal Amounts of the Loans subject to such termination, if and to the extent drawn, disbursed and not
    repaid (or, respectively, outstanding parts thereof) plus accrued and unpaid interest thereon, shall become (re-)payabie in
    full to all Lenders, that were entitled to and have exercised their respective termination rights.  4.4 Exertion of Termination
    Right in Case of Insolvency Proceedings. The termination of this Loan Agreement for good cause in case of opening of insolvency
    proceedings over the Borrower’s assets pursuant to and within the meaning of (i) of the first sentence of section 4.2,
    may be exercised in writing by each of the Lenders individually (i.e. without obtaining a consent of a Lenders’ Majority).
    If a Lender gives notice of termination pursuant to this section 4.4, the outstanding Principal Amount of the Loan subject
    to such termination, if and to the extent drawn, disbursed and not repaid (or, respectively, outstanding parts thereof) plus
    accrued and unpaid interest thereon, shall become (re-)payable in full to such Lender who has exercised his/its respective
    termination right under this section 4.4    4.5 Exertion of Termination Right in Case of Breach of Payment Obligations.
    The termination of this Loan Agreement for good cause in case of breach by the Borrower of its due payment obligations under
    this Loan Agreement pursuant to and within the meaning of (ii) of the first sentence of section 4.2, may be exercised in writing
    to the Borrower by each of the Lenders individually (without obtaining a consent of a Lenders’ Majority). If a Lender
    gives notice of termination pursuant to this section 4.5, the outstanding Principal Amount of the Loan subject to such termination,
    if and to the extent drawn, disbursed and not repaid (or, respectively, outstanding parts thereof) plus accrued and unpaid
    interest thereon, shall become (re-)payable in full to 

 

     

     

    

 

 

	  such
    Lender who has exercised his/its respective termination rights under this section 4 5   5       Senior
    Loan The Parties herewith agree that, in the relationship among themselves, the Loans granted to the Borrower under this Loan
    Agreement shall at all times be treated – to
    the extent legally permissible – senior to any loans
    that the Borrower has obtained or may obtain in the future.   6       Information
    Rights   During the term of this Loan Agreement, the Borrower shall provide each Lender at least with the following information:
       a) audited annual financial statements within 150 days after the end of each respective business year;  
     b) unaudited monthly management accounts (including profit and loss account, balance sheet, management report) as sent
    to the shareholders of the Borrower within 25 days after the end of each respective month.   7       Assignment
    of Rights No Party may assign any of its rights and obligations under this Loan Agreement without the prior written consent
    of all other Parties (for avoidance of doubt; assignment of rights and obligations under this Loan Agreement by any of the
    Lenders shall only require prior written consent of the Borrower, except where the Borrower has given a good cause for termination
    of this Loan Agreement by the Lenders pursuant to and within the meaning of section 4 in which case no consent of the Borrower
    shall be required for such assignment while and for as long as the circumstances that justify termination for good cause by
    the Lenders have not been cured by the Borrower), with such consent – subject
    to the provisions of the third sentence of this section 7 – not
    to be unreasonably withheld. Notwithstanding the provisions of the preceding sentence, each of the Lenders shall, subject
    to the provisions of the following sentence, be entitled to transfer all his/its rights and obligations under this Loan Agreement
    – without requiring the consent of any of the other
    Parties – to its affiliated entities (within the meaning
    of sections 15 et seq. of the German Stock Corporation Act (AktG)) or his relatives (within the meaning of section 15 of the
    German Tax Code (AO). It is, however, understood for the purposes of this section 7 that rights, claims and/or obligations
    under this Loan Agreement must not be transferred individually, but only collectively (keine isolierte Ubertragung von Rechten
    und Pflichten, sondern nur im Wege der Vertragsubernahme), and that no Party may assign any rights, claims and/or obligations
    under this Loan Agreement without the respective assignee acceding to this Loan Agreement as well as to the Security Pooling
    Agreement and Assignment of Claims attached hereto as Annex 3.1, and in each case assuming all obligations of the respective
    assignor arising therefrom, prior to or simultaneously with such assignment; any assignment of rights, claims and/or obligations
    under this Loan Agreement effected prior to  

 

     

     

    

 

 

	  
    such accession shall be null and void. The Parties hereby expressly and irrevocably offer each such respective assignee to
    accede to this Loan Agreement in lieu of the assigning Party and agree that such assignee may accept and thereby effect his
    accession by submitting a respective accession declaration to the Borrower in writing, provided that such accession declaration
    does not contain any amendment or alteration to this Loan Agreement and is unconditional except for its becoming effective
    upon such assignee’s acquisition of rights and obligation of the respective Party under this Loan Agreement.  
     8 Delivery Addresses and Authorised Recipients    8.1 Delivery Addresses. Each Lender shall, at any time while
    a Party to this Loan Agreement, keep the Borrower informed of such Lender’s current mailing address and contact data.
    As of the date hereof, the Parties may direct any and all declarations to be issued in connection with this Loan Agreement
    vis-a-vis another Party, to the persons and addresses set forth in Annex A, and any declaration directed to such persons and
    domestic addresses shall be deemed received by the respective Party, to which such declaration is addressed, if delivered
    by hand or telefax or email (if declaration is required to be in writing: pdf-copy) on the same day, and if sent by courier
    or mail no later than on the third day after dispatch. If any Party to this Loan Agreement wishes to change its delivery address,
    such Party shall inform the other Parties in writing thereof, and such change shall become effective for the purposes of this
    Loan Agreement and, in particular, this section 8, upon the lapse of 10 Business Days as of receipt of such information, provided
    that the first sentence of this section 8.1 is complied with.    8.2 Authorised Recipients. The persons stated in
    Annex A shall be authorised recipients for the respective Parties, including for the purposes of serving statements of claims
    and any other statements, applications, declarations, correspondence or court orders relating to disputes in respect of this
    Loan Agreement (Zustellungsbevollmachtigte). Section 8.1, last sentence shall apply accordingly    8.3 Application
    of General Rules. In addition to the foregoing provisions, declarations are being considered to have been received if having
    been delivered to a Party pursuant to the general rules under German law regarding the receipt of declarations.    9
    General Provisions    9.1 Interpretation. The terms printed in italics constitute German legal terms describing
    the meaning of the terms in the English language they refer to, and shall be taken into account when interpreting this Loan
    Agreement.    9.2 Confidentiality. The Parties shall keep the content of this Loan Agreement confidential, except
    if and to the extent (i) disclosure is expressly agreed among the Lenders, holding jointly or individually, a Lenders’
    Majority, and the Borrower, (ii) disclosure is required pursuant to any statute or law, official or judicial orders, or provisions
    or regulations relating to a stock exchange, (iii) disclosure to any Borrower’s shareholder or a third party, that can
    reasonably be expected to acquire shares of the Borrower.   

 

     

     

    

 

 

	  
     9.3 Costs. The Parties shall each bear their own costs incurred in connection with this Loan Agreement and the transactions
    contemplated herein.    9.4 Form of Amendments. Amendments to this Loan Agreement including any amendment of this
    section 9 4 shall be required to be in writing in order to be effective, unless a stricter form requirement (e.g. a notarization)
    applies by mandatory law.    9.5 Written Form. If any statement, declaration, notification or other communication
    is required to be in writing under this Loan Agreement, it shall suffice that a signed copy of such statement, declaration
    or notification is transmitted by telefax or pdf-copy via e-mail.    9.6 Effectiveness. No Joint Rights or Liabilities.
    Acting in Concert. This Loan Agreement shall become effective upon its execution by the Borrower and at least one Lender and
    shall be binding only on such Parties that have executed this Loan Agreement The rights and obligations hereunder of a Lender
    that has executed this Loan Agreement shall not be affected by non- execution of this Loan Agreement by another Lender. Rights
    and liabilities of each Lender under this Loan Agreement shall be several but not joint (Ausschluss der Gesamtglaubigerschaft
    bzw. der Gesamtschuld) and only in respect to the Loan granted by such Lender to the Borrower under this Loan Agreement. The
    Lenders shall be entitled to any claims with regard to the repayment of the Loans and payment of interest thereon under the
    provisions of this Loan Agreement only pro rata to the aggregate amounts of their respective disbursed Loans outstanding from
    time to time (comprising outstanding Principal Amounts and unpaid interest accrued thereon, but not the default interest,
    as the case may be) (pro rata zu ihren zum jeweiligen Zeitpunkt valutierenden Darlehensgesamtforderungen) and under the exclusion
    of any joint ownership or partnership. In the event that the Borrower makes payments to the Lenders in violation of the pro
    rata distribution principals set forth in the preceding sentence (and/or in section 2.2), each adversely discriminated Lender
    at his discrection may demand either (i) from the Borrower or (ii) from all other Lenders, to be put in the position he/it
    would be in had the pro rata distribution principals been complied with.    10 Conclusion of this Loan Agreement
      The Parties may choose to conclude this Loan Agreement by an exchange of signed signature pages transmitted by fax
    or e-mail (as a pdf-copy), If the Parties choose to conclude this Loan Agreement in accordance with the preceding sentence,
    they shall transmit the signature pages of this Loan Agreement to the management of the Borrower (the “Recipient”).
    This Loan Agreement shall be deemed duly concluded once the Recipient has received the signed signature pages from all Parties
    to this Loan Agreement and at the time of the receipt of the last outstanding signature page. For this purpose, the Parties
    authorise the Recipient to collect the signature pages from all and for all Parties hereto Each Party hereto undertakes to
    submit to the Borrower, upon a respective request of the Borrower without undue delay, an original of his/its signed signature
    page.    11 Severability. In the event that a provision of this Loan Agreement is or becomes partly or entirely
    invalid or unenforceable or if this Loan Agreement 

 

     

     

    

 

 

	  contains
    a gap or omission, the validity of the remaining provisions of this Loan Agreement is not affected thereby. The Parties are
    obliged to replace the partly or entirely invalid or unenforceable provision with a valid and enforceable provision, which
    the Parties would have agreed on had they been aware of the invalidity or unenforceability of the respective provision. The
    same applies in the event that this Loan Agreement contains a gap or omission.    12 Majorities. The Lenders herewith
    agree and acknowledge that in case of amendments to the definition of the Lenders’ Majority and/or the Default Majority
    in this Loan Agreement, the definitions of the respective majorities in the Security Pooling Agreement and Assignment of Claims
    in Annex 3.1 hereto shall be amended accordingly, and the Parties herewith undertake to submit all declarations and conduct
    all acts in order to effect such amendment.    13 Governing Law and Jurisdiction. This Loan Agreement is governed
    by and construed in accordance with the laws of the Federal Republic of Germany under exclusion of its rules of conflict of
    laws. To the extent permissible by law, the courts in Berlin shall have exclusive jurisdiction in respect of any dispute regarding
    this Loan Agreement. 

 

     

     

    

 

 

	Signature
    Page 1/2 – Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier La Plata GmbH   Represented by:   Date / Location: Date /
    Location:   Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:   Mr Michael
    Schrezenmaier Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 – Loan Agreement Elephant & Castle GmbH Alpar Beteiligungs GmbH  Represented by: Represented by:   Date
    / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented by: Represented
    by:   Date/Location: Date/Location:   R+R International Aviation AG  whiletrue Ltd  Represented
    by: Represented by:   Date / Location: Date / Location:   Mr Lukas Brosseder Rocket Internet SE  Represented
    by: A. Kudlich and A. Jeschke   Date / Location: Date / Location Berlin. 22.09.2016   The Borrower    Affinitas
    GmbH  Represented by: Jeronimo Foigueira and Michael Schrezenmaier    Date / Location: 

 

     

     

    

 

 

	Signature
    Page 1/2 – Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier La Plata GmbH  Represented by:    DAVID SCHNEIDER   Date
    / Location: Date / Location:   Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:
      Mr Michael Schrezenmaier Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 – Loan Agreement Elephant & Castle GmbH  Alpar Beteiligungs GmbH  Represented by: Represented
    by:   Date / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented
    by: Represented by:    ROBERT GENTZ Date / Location: Date / Location:
      R+R International Aviation AG  whiletrue Ltd.  Represented by: Represented by:   Date / Location:
    Date / Location:   Mr Lukas Brosseder Rocket Internet SE   Represented by:   Date / Location:
    Date / Location:   The Borrower    Affinitas GmbH  Represented by: Jeronimo Folgueira and Michael
    Schrezenmaier    Date / Location: 

 

     

     

    

 

 

	Signature
    Page 1/2 – Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier La Plata GmbH   Represented by:   Date / Location: Date /
    Location:   Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:   Mr Michael
    Schrezenmaier Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 – Loan Agreement Elephant & Castle GmbH  Alpar Beteiligungs GmbH  Represented by: Represented
    by:   Date / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented
    by: Represented by:   Date / Location: Date / Location:   R+R International Aviation AG  whiletrue
    Ltd.  Represented by: Represented by:   Date / Location:  Date / Location:   Mr Lukas Brosseder
    Rocket Internet SE   Represented by:   Date / Location: Date / Location:   The Borrower    Affinitas
    GmbH  Represented by: Jeronimo Folgueira and Michael Schrezenmaier    Date / Location:  

 

     

     

    

 

 

	Signature
    Page 1/2 – Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier La Plata GmbH   Represented by:   Date/Location: Date / Location:
      Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:   Mr Michael Schrezenmaier
    Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 - Loan Agreement Elephant & Castle GmbH  Alpar Beteiligungs GmbH  Represented by: Represented by:   Date
    / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented by: Represented
    by:   Date/Location: BERLIN 22.9.2016 Date / Location:   R+R international Aviation AG  whiletrue
    Ltd.  Represented by: Represented by:   Date / Location: Date / Location:   Mr Lukas Brosseder Rocket
    Internet SE   Represented by:   Date / Location: Date / Location:   The Borrower    Affinitas
    GmbH  Represented by: Jeronimo Folgueira and Michael Schrezenmaier    Date / Location: 

 

     

     

    

 

 

	Signature
    Page 1/2 – Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier La Plata GmbH   Represented by:   Date / Location: Date /
    Location:   Ms Elke Jansson Mr Chrisitian Vollmann   Date / Location: Date / Location:   Mr
    Michael Schrezenmaier Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 - Loan Agreement Elephant & Castle GmbH  Alpar Beteiligungs GmbH  Represented by: Represented by:   Date
    / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented by: Represented
    by:   Date / Location: Date / Location:   R+R International
    Aviation AG  Whiletrue Ltd.  Represented by: Represented by:   Date
    / Location: Date / Location:   Mr Lukas Brosseder Rocket Internet SE   Represented by:   Date
    / Location: Date / Location:  The Borrower  Affinitas GmbH Represented by: Jeronimo Folgueira and Michael
    Schrezenmaier  Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 - Loan Agreement Elephant & Castle Capital GmbH  Alpar Beteiligungs GmbH  Represented by: Represented
    by:   Date / Location: Date / Location:   JoDa Media Consulting GmbH Manoa Ventures GmbH  Represented
    by: Represented by:   Date / Location: Date / Location:   R+R International Aviation AG  whiletrue
    Ltd. Represented by: Represented by:   Date / Location: Date / Location:   Mr Lukas Brosseder Rocket Internet
    SE   Represented by:   Date / Location: Date / Location:   The Borrower    Affinitas
    GmbH  Represented by: Jeronimo Folgueira and Michael Schrezenmaier    Date / Location:  

 

     

     

    

 

 

	Signature
    Page 1/2 - Loan Agreement The Lenders    Mr Andreas Blasé Mr David Khalil   Date / Location:
    Date / Location:   Mr Robert Maier  La Plata GmbH   Represented by:   Date / Location:
    Date / Location:   Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:   Mr
    Michael Schrezenmaier Mr Jeronmo Folgueira   Date / Location: Date / Location:

 

     

     

    

 

 

	Signature
    Page 2/2 - Loan Agreement Elephant & Castle GmbH Alpar Beteiligungs GmbH Represented by: Represented by:   Date
    / Location: Date / Location:   JoDa Media Consulting GmbH Manoa Ventures GmbH Represented by: Represented by:   Date
    / Location: Date / Location:   R+R International Aviation AG Whiletrue ltd. Represented by: Represented by:   Date
    / Location: Date / Location:   Mr Lukas Brosseder Rocket Internet SE  Represented by:   Date / Location:
    Date / Location:   The Borrower    Affinitas GmbH  Represented by: Jeronimo Folgueira and Michael
    Schrezenmaier    Date / Location:  

 

     

     

    

 

 

	Signature
    Page 1/2 - Loan Agreement The Lenders    Mr Andreas Blase Mr David Khalil   Date / Location: Date
    / Location:   Mr Robert Maier  La Plata GmbH   Represented by:   Date / Location : Date
    / Location :   Ms Elke Jansson Mr Christian Vollmann   Date / Location: Date / Location:   Mr
    Michael Schrezenmaier Mr Jeronimo Folgueira   Date / Location: Date / Location: 

 

     

     

    

 

 

	Signature
    Page 2/2 - Loan Agreement Elephant & Castle GmbH  Alpar Beteiligungs GmbH  Represented by: Represented by:   Date
    / Location: Date / Location:   JoDa Media Consulting GmbH  Manoa Ventures GmbH  Represented by: Represented
    by:   Date / Location: Date / Location:   R+R International Aviation AG  whiletrue Ltd.  Represented
    by: Represented by:   Date / Location: Date: Location:   Mr Lukas Brosseder Rocket Internet SE Represented
    by  Represented by:   Date / Location: Date / Location:   The Borrower    Affinitas
    GmbH  Represented by: Jeronimo Folgueira and Michael Schrezenmaier    Date / Location   

 

     

     

    

 

 

	Signature
                            Page 1/2 - Loan Agreement

        The Lenders
        Mr Andreas Blase Mr David Khalil Date / Location: Date / Location: Mr Robert Maler La Plata GmbH Represented by: Date
        / Location: Date / Location: Ms Elke Jansson Mr Christian Vollmann Date / Location: Date / Location: Mr Michael Schrezenmaier
        Mr Jeronimo Folguelra Date / Location: Date / Location:

 

     

     

    

 

 

	Signature
                            Page 1/2 - Loan Agreement

        The Lenders
        Mr Andreas Blase Mr David Khalil Date / Location: Date / Location: Mr Robert Maier La Plata GmbH Represented by: Date
        / Location: Date / Location: Ms Elke Jansson Mr Christian Vollmann Date / Location: Date / Location: Mr Michael Schrezenmaier
        Mr Jeronimo Folgueira Date / Location: Date / Location:

         

 

     

     

    

 

 

	Signature
                            Page 2/2 - Loan Agreement Elephant & Castle GmbH Alpar Beteiligungs GmbH Represented by: Represented
                            by: Date / Location: Date / Location: BERLIN, 22.9.2016 JoDa Media Consulting GmbH Represented by:

        Manoa Ventures
        GmbH Represented by: Date / Location: Date / Location: R+R international Aviation AG Represented by: whiletrue Ltd. Represented
        by: Date / Location: Date / Location: Mr Lukas Brosseder Pocket Internet SE Represented by: Date / Location: Date / Location:
        The Borrower

        Affinitas GmbH

        Represented
        by: Jeronimo Folgueira and Michael Schrezenmaier

        Date / Location:

         

 

     

     

    

 

 

	Signature
                            Page 1/2 - Loan Agreement

        The Lenders
        Mr Andreas Blase Mr David Khalil Date / Location: Date / Location: Mr Robert Maier La Plata GmbH Represented by: Date
        / Location: Date / Location: Ms Elke Jansson Mr Christian Voltmann Date / Location: Date / Location: Mr Michael Schrezenmaier
        Mr Jeronimo Folgueira Date / Location: Date / Location:

         

 

     

     

    

 

 

	Signature
                            Page 2/2 - Loan Agreement Elephant & Castle GmbH Represented by Alpar Beteiligungs GmbH Represented
                            by: Date / Location: Date / Location: JoDa Media Consulting GmbH Represented by: Manoa Ventures GmbH
                            Represented by: Date / Location: Date / Location: R+R International Aviation AG Represented by: whiletrue
                            Ltd,

        Represented
        by: Date / Location: Date / Location: 23.09.2016 Mr Lukas Brosseder Rocket internet SE Represented by: Date / Location:
        Date / Location: The Borrower Affinitas GmbH

        Represented
        by: Jeronimo Folgueira and Michael Schrezenmaier Date / Location:

         

 

     

     

    

 

 

	Annex
                            1.1

        to the Loan
        Agreement relating to Affinitas GmbH=

        Exhibit 2

        to the Security
        Pooling Agreement and Assignment of Claims

        Loans

        Type A Lender
        Principal Amount in EUR Interest

        p.a. Maturity
        Date Robert Maier 250,000 8 % 30.06.2018 whiletrue Limited 300,000 8 % 30.06.2018 Christian Vollmann 100,000 8 % 30.06.2018
        Alpar Beteiligungs GmbH 150,000 8 % 30.06.2018 David Khalil 100,000 8 % 30.06.2016 Lukas Brosseder 100,000 8 % 30.06.2018
        Manoa Ventures GmbH 50,000 8 % 30.06.2018 La Plata GmbH 50,000 8 % 30.06.2018 R+R International Aviation AG 50,000 8 %
        30.06.2018 JoDa Media Consulting GmbH 25,000 8 % 30.06.2018 Elke Jansson 100,000 8 % 30.06.2018 Elephant & Castle
        Capital GmbH 25,000 8 % 30.06.2018 Andreas Blase 50,000 8 % 30.06.2018 Rocket Internet SE 500,000 8% 30.06.2018 Total:
        1,850,000

         

 

     

     

    

 

 

	Type
                            B

        Lender Principal
        Amount in EUR Interest p.a. Maturity Date Robert Maier 750,000 9 % 31.03.2019 whiletrue Limited 300,000 9% 31.03.2019
        Christian Vollmann 300,000 9% 31.03.2019 Alpar Beteiligungs GmbH 150,000 9 % 31.03.2019 David Khalil 100,000 9% 31.03.2019
        Lukas Brosseder 100,000 9% 31.03.2019 Manoa Ventures GmbH 200,000 9 % 31.03.2019 La Plata GmbH 200,000 9% 31.03.2019 R+R
        International Aviation AG 150,000 9% 31.03.2019 JoDa Media Consulting GmbH 75,000 9% 31.03.2019 Jeronimo Folgueira 75,000
        9% 31.03.2019 Elephant & Castle Capital GmbH 50,000 9% 31.03.2019 Michael Schrezenmaier 50,000 9% 31.03.2019 Rocket
        Internet SE 1,500,000 9% 31.03.2019 Total: 4.000,000

         

 

     

     

    

 

 

	Annex
                            3.1

         

        to the Loan
        Agreement relating to Affinitas GmbH = Assignment and Security Pooling Agreement

         

        Security Pooling
        Agreement and

         

        Assignment of
        Claims

         

        relating to
        Affinitas GmbH

         

        Dated 21/22/23.
        September 2016

         

        by and among

         

        3. Affinitas
        GmbH

         

        Kohlfurter Straẞe
        41/43, 10999 Berlin,

         

        registered with
        the commercial register of the local court of

         

        Charlottenburg
        in Berlin under HRB 115958 B

         

        (the “Borrower”)

         

        4. persons and
        entities whose names and addresses are set out in Exhibit 1 to this Security Pooling Agreement and Assignment of
        Claims

         

        (such persons
        and entities each a “Lender” and collectively the “Lenders”)

         

        5. Mr David
        Khalil, Buchholzer Straẞe 8,10437 Berlin, Germany

         

        (the Lenders,
        the Borrower and Mr David Khalil each a “Party” and collectively the “Parties”; however, in case
        of the Borrower, not in respect of any of the provisions of Part I of this Security Pooling Agreement and Assignment of
        Claims, other than its sections 1.4, 2.2 and 8.5)

         

 

     

     

    

 

 

	Preamble

         

        (A) The Lenders
        and the Borrower are parties to the Loan Agreement dated 21./22./23. September 2016 (the “Loan Agreement”),
        by virtue of which the Lenders have agreed to grant to the Borrower loans in the aggregate principal amount of EUR 5,850,000
        as set forth in Exhibit 2 (the “Loans”).

         

        (B) Under the
        Loan Agreement, the Borrower has agreed to provide a security for the claims of the Lenders arising from the Loan Agreement
        by way of assignment of existing and future claims against its purchasers, customers and suppliers. In order to simplify
        the enforcement of the Lenders’ claims under the Loan Agreement, the Lenders have agreed to appoint an agent who
        will acquire, hold and realize, as the case may be, such security in his own name but as a trustee for the Lenders.

         

        (C) The Parties
        wish to lay out the provisions for the acquisition, administration and realization of the Borrower’s security by
        the agent (in the Assignment Agreement in Part II of this Security Pooling Agreement and Assignment of Claims: the “Assignment
        Agreement”) as well as to regulate the internal relationship of the Lenders among themselves and in relation to
        the agent (in the Security Pooling Agreement in Part I of this Security Pooling Agreement and Assignment of Claims: the
        “Security Pooling Agreement”).

         

        (D) This being
        said, the Parties enter into this Security Pooling Agreement and Assignment of Claims (“this Agreement”; it
        being understood that the Borrower shall not be a Party to the Security Pooling Agreement in Part I of this Agreement,
        other than to its sections 1.4, 2.2 and 8.5):

         

        Part I

         

        Security Pooling
        Agreement

         

        14 Appointment
        of a Security Agent and Authorisation; No Effect on the Borrower

         

        14.1 Appointment
        Each Lender herewith appoints Mr David Khalil as security agent (the “Security Agent”) to act as its/his agent
        and attorney under and in connection with this Agreement and the Loan Agreement as well as his/its trustee and administrator
        in respect of the Security (as defined in section 11.1 of the Assignment Agreement) granted under this Agreement,
        and Mr David Khalil accepts such appointment.

         

        14.2 Duties
        of the Security Agent. The Security Agent shall acquire, hold, manage, enforce and release the Security granted to him
        under Part II of this Agreement for each of the Lenders in his capacity as a trustee. The Security Agent will fulfil his
        respective responsibilities in strict accordance with this Security Pooling Agreement and the Assignment Agreement in
        Part II and with the Loan Agreement. The Security Agent may delegate his duties under this Agreement only with prior written
        consent of the Lenders that have granted to the Borrower 75 % or more of the aggregate principal amounts of all Loans
        outstanding from time to time (eine Mehrheit von mindestens 75 %

         

 

     

     

    

 

 

	der
                            zum jeweiligen Zeitpunkt valutierenden Darfehensnennbetrage) (such majority of Lenders the “Lenders’
                            Majority”).

        14.3 Power of
        Attorney. Each Lender herewith authorizes and grants to the Security Agent, under exemption from the restrictions of section
        181 of the German Civil Code (BGB) and from similar restrictions of other jurisdictions, a power of attorney:

        (a) to conclude,
        execute and amend for and behalf of such Lender the Assignment Agreement in Part II of this Agreement as well as any other
        agreements and documents in connection with the Security, as the case may be; and

        (b) to submit
        and to receive for and on behalf of such Lender any and all declarations necessary or required for creation, administration,
        enforcement or release of the Security or otherwise in connection with the Security and/or with the Assignment Agreement
        in Part II of this Agreement.

        Each Lender
        undertakes, to the extent legally permissible, during the term of this Agreement, not to withdraw the power of attorney
        granted under this section 1.3 (except in case of replacement of the Security Agent in accordance with section 8) and
        to issue, upon request of the Security Agent, a power of attorney with the scope of authority as set forth in this section
        1.3 above in a separate deed.

        14.4 No Effect
        on the Borrower. The Parties agree and acknowledge that the Borrower shall not be a Party to any of the provisions of
        this Security Pooling Agreement in Part I, other than this section 1.4 and section 8.5. Any restrictions imposed on the
        Security Agent in this Security Pooling Agreement or by the instructions of the Lenders in respect of exertion of his
        rights under the Assignment Agreement in Part II or otherwise in respect of the Security, shall apply in the internal
        relationship among the Lenders and the Security Agent only, and the Borrower shall at all times be entitled to rely on
        the appointment, authority and due authorisation of the Security Agent for all purposes of this Agreement, and any declarations
        received or submitted and any acts conducted by the Security Agent vis-a-vis the Borrower or in respect of the Security
        shall be binding on the Lenders (except where the transfer of all rights and obligations of the Security Agent to a successor
        Security Agent has been effected and duly notified to the Borrower in accordance with sections 8.3 and 8.5). Any non-compliance
        of the Security Agent with the provisions of this Security Pooling Agreement in Part I shall have no effect on the Borrower,
        except in case of collusive behaviour (kollusives Zusammenwirken).

        15 Security

        15.1 Granting
        of Security. The Borrower has granted a Security for complete discharge of obligations and liabilities of the Borrower
        to the Lenders under the Loan Agreement, by assigning to the Security Agent the Assigned Claims (as defined in section
        11.1 of the Assignment Agreement in Part II).

         

 

     

     

    

 

 

	15.2
                            Consent of Lenders. Each Lender herewith expressly consents to the Assignment Agreement in Part II
                            of this Agreement and acknowledges the assignment of the Assigned Claims thereunder as sufficient
                            security for the purposes and within the meaning of section 3 of the Loan Agreement.

        15.3 Release
        of the Security. Except in cases set forth in section 17 of the Assignment Agreement in Part II. any other (full or partial)
        release of the Security prior to the full satisfaction of all of the Secured Claims (as defined in section 12 of this
        Agreement) shall require prior written consent of Lenders, holding jointly or individually, a Lenders’ Majority.

        16 Realization
        of Securities

        16.1
        Realization by the Security Agent. The enforcement and realization (Verwertung) of the Security may be effected
        and executed by the Security Agent only. Each Lender herewith irrevocably waives his/its right to realize the Security
        him-/itself during the term of this Agreement.

        16.2
        Instructions. Save for the provisions of the following sentence, in respect of rights granted to the Security Agent under
        this Agreement (in particular the Assignment Agreement in Part II), the Security Agent shall act or refrain from action
        in strict accordance with instructions given to him by the Lenders, holding jointly or individually, a Lenders’
        Majority. It is, however, understood that in respect of the exertion (or non-exertion) of the Security Agent’s right
        to enforce the Secured Claims and to realize the Security, the instructions of the Lenders, holding jointly or individually
        75 % or more of the outstanding Secured Claims against the Borrower that have become due and have not been paid (fallige
        und nicht befriedigte besicherte Forderungen) at the time of the respective instructions (the “Default Majority”)
        shall be required: with the proviso, however, that if an Event of Default (within the meaning of section 3.2 of the Loan
        Agreement) that entitles the Security Agent to enforce the Security in accordance with section 16.1 below, has occurred
        and has been continuing for a period of at least three consecutive calendar months, any instructions of the Lenders in
        respect of non-enforcement of the Security in connection with such Event of Default may be disregarded by the Security
        Agent, and the Security Agent may realize the Security in his sole discretion, but in strict accordance with the provisions
        of the Assignment Agreement in Part II, Instructions by the Lenders incompatible with this Agreement, including the Assignment
        Agreement in Part II, or mandatory law. shall be deemed irrelevant and shall be disregarded by the Security Agent, and
        the Security Agent shall be entitled and obliged to act in strict accordance with the respective provisions of this Agreement
        and/or the respective provisions of mandatory law.

        16.3 Discretion
        of the Security Agent at Realization. The Security Agent may determine at his sole discretion which part of the Security
        shall be realized.

 

     

     

    

 

 

	17
                            Distribution of Proceeds

        17.1
        The Security Agent shall hold any and all proceeds from the enforcement
        and realization of the Security (the “Security Proceeds”) received by him under this Agreement in his capacity
        as Security Agent, as a trustee of the Lenders for distribution among the Lenders pursuant to this section 4.
        The Security Agent shall be obliged to collect and hold any Security Proceeds, as the case may be, in a trust bank
        account which (i) shall be a special bank account separate from the own bank account of the Security Agent, (ii) shall
        be marked as a trust bank account and (iii) shall not be used for any purposes other than for collecting, holding and
        distributing of the Security Proceeds. The Security Agent shall, upon a respective request of the Lenders, holding jointly
        or individually, a Lenders’ Majority provide to the Lenders a sufficient evidence that the requirements of the preceding
        sentence have been complied with. In case any Lender receives Security Proceeds from the enforcement of the Security directly,
        as the case may be. it/he shall transmit such Security Proceeds or amounts to the Security Agent without undue delay and
        shall, pending such transmission, hold them as trustee for the benefit of him-/itself and the other Lenders who hold Secured
        Claims against the Borrower that have become due at the relevant time and have not been paid.

        17.2 In relation
        to the Borrower, the Security Proceeds of any enforcement shall be applied against those claims under the Assignment Agreement
        in Part II of this Agreement, in respect of which the Assigned Claims were enforced.

        17.3 The Security
        Proceeds and any other amounts received by the Security Agent under this Agreement shall be distributed in the following
        order.

        a) first, to
        the Security Agent in or towards payment of any unpaid costs, expenses and liabilities incurred by or on behalf of the
        Security Agent in connection with performance of his duties under the Assignment Agreement, as the case may be;

        b) second, to
        the Lenders (pro rata to their maximum entitlements hereunder) in or towards payment of any accrued interest that has
        become due and payable under the Loan Agreement but has not been paid by the Borrower at the relevant point in time;

        c) thirdly,
        to the Lenders (pro rata to their maximum entitlements hereunder) in or towards repayment of the respective principal
        amounts of the Loans that have become due and payable under the Loan Agreement, as the case may be, but have not yet been
        repaid by the Borrower at the relevant point in time; and

        d) any amounts
        remaining after the distributions pursuant to lit. a) through lit. c) above, shall be disbursed to the Borrower.

         

 

     

     

    

 

 

	18
                            Liability of the Agent

        The Security
        Agent shall not be liable for any loss or damage caused by any of his actions/measures taken under or in connection with
        this Agreement, unless directly caused by his gross negligence or wilful misconduct. The liability for culpable damage
        of life, body or health shall remain unaffected. The Parties agree that the Security Agent shall assume no responsibility
        for the legality, validity, effectiveness, adequacy or enforceability of the Assignment Agreement in Part II hereto or
        any other agreement, arrangement or document entered into or executed in connection with the Security as well as for any
        other circumstances outside his sphere of influence which could impair the recoverability and enforceability of the Security.
        The Security Agent shall further not be liable to the Lenders for any act (or omission) if he acts (or refrains from taking
        any action) in accordance with the instruction of the Lenders’ Majority (or, respectively, of the Default Majority,
        if applicable).

        19 Indemnity
        of the Agent

        Each Lender
        shall (pro rata to the principal amount of his/its respective Loan) indemnify the Security Agent, upon request within
        five Business Days, against any cost, loss or liability incurred by the Security Agent (otherwise than by reasons of the
        Agent’s gross negligent or wilful misconduct) from or in connection with performance of his duties under this Agreement,
        in particular, from administration and realization of the Security.

        20 Information

        20.1 Notification
        by the Security Agent. The Security Agent shall inform the Lenders about the existing Security, the status of realization
        and/or release of the Security as well as any other relevant circumstances in respect of the Security in his due discretion.

        20.2 Notification
        by the Lenders. Each Lender shall be obliged to notify the Security Agent and all other Lenders of any circumstances and
        facts that could impair the satisfaction of the Secured Claims.

        21 Replacement
        of the Security Agent

        21.1 Resignation
        of the Security Agent. The Security Agent may resign by giving a 30 days’ notice to each of the Lenders. In case
        of resignation of the Security Agent, another person or entity shall be appointed without undue delay as a successor Security
        Agent by the Lenders, holding jointly or individually, a Lenders’ Majority.

        21.2 Replacement
        by Lenders’ Majority. The Lenders, holding jointly or individually, a Lenders’ Majority may, by giving a two
        weeks’ notice (or, in case of replacement for good cause: without a notice period) replace the Security Agent and
        appoint a successor Security Agent.

         

 

     

     

    

 

 

	21.3
                            Position of the Successor Security Agent. Upon his appointment pursuant to this section 8. the successor
                            Security Agent shall be deemed a Security Agent and the replaced/resigned Security Agent shall seize
                            being a Security Agent, in each case within the meaning and for all purposes of this Agreement. The
                            Lenders shall without undue delay inform the Borrower in writing of the replacement of the Security
                            Agent and of appointment of the successor Security Agent.

        21.4 Obligations
        of the Retiring Security Agent. The retiring Security Agent shall transfer all rights he holds in his capacity as Security
        Agent under this Agreement, in particular, the Assigned Claims, to the successor Security Agent. The retiring Security
        Agent shall, at its own cost, make available to the Successor Security Agent such documents and records and shall provide
        such assistance as the successor Security Agent may reasonably request for the purposes of performing his duties as Security
        Agent under this Agreement.

        21.5 Consent
        to Transfer of Rights and Obligations. All Parties herewith acknowledge, and the Borrower agrees to, the assumption of
        any rights and obligations the Security Agent holds under this Agreement by a successor Security Agent appointed pursuant
        to this section 8, as the case may be. Upon appointment of the successor Security Agent and a respective notification
        to the Borrower in accordance with section 8.3, each Party hereto shall submit any and all declarations and conduct any
        and all acts necessary or required to ensure that the Security held by the Security Agent in the Assignment Agreement
        in Part II of this Agreement is transferred to and held by the successor Security Agent in his own name (but as a trustee
        for the Lenders), including executing all necessary amendments to this Agreement and/or entering into a new Assignment
        Agreement.

        21.6 Effective
        Date. The Security Agent’s resignation/replacement shall take effect only upon appointment of a successor Security
        Agent and upon transfer of rights and obligations of the Security Agent to the successor Security Agent as set forth in
        sections 8.4 and 8.5. The Lenders herewith undertake not to dismiss and/or to replace the Security Agent without appointing
        a successor Security Agent.

        22 Obligations
        of the Lenders

        Unless statutory
        mandatory provisions provide otherwise, no Lender shall

        a) prematurely
        terminate his/its respective Loan with the Borrower (except in cases provided for in section 4 of the Loan Agreement and,
        if applicable thereunder, only upon prior written consent of Lenders, holding jointly or individually, the Lenders’
        Majority set forth therein, as the case may be), and/or

        b) initiate
        any judicial or arbitral proceedings and/or take and/or procure to be taken any enforcement action against the Borrower
        in respect of claims of such Lenders arising from or in connection with the Loan Agreement, including the claims for repayment
        of the principal amount of the Loan and payment of interest thereon, except with the prior written consent of the Lenders,
        holding jointly or individually, a Lenders’ Majority (it being

         

 

     

     

    

 

 

	understood,
                            however, that in case of termination of the Loan Agreement for good cause pursuant to and in accordance
                            with (ii) of the first sentence of section 4.2 of the Loan Agreement, the consent of Lenders, holding
                            jointly or individually, a Default Majority, shall be required and sufficient for the purposes of
                            this lit.b)).

        Each Lender
        further agrees and acknowledges that granting, administration, enforcement and realization of the Security as well as
        distribution of any proceeds therefrom, as the case may be, must be effected in strict accordance with the provisions
        of this Agreement, and that the enforcement and realization of the Security shall be permitted only in cases provided
        for herein.

        23 Payments
        to the Agent

        23.1 Remuneration.
        The Security Agent shall not be entitled to any remuneration for the performance of its duties under this Agreement.

        23.2 Expenses.
        The Security Agent shall be reimbursed by the Lenders (pro rata to the principal amounts of their Loans disbursed and
        outstanding from time to time) for the reasonable expenses (including legal costs) incurred from performance of his duties
        under this Agreement, in particular from administration and realization of the Security that could not be reimbursed pursuant
        to section 4.3 lit. a) and section 20.1 of this Agreement.

        Part II Assignment
        Agreement (Sicherungsabtretung)

        24 Assignment

        24.1 Assigned
        Claims. The Borrower hereby assigns to the Security Agent all of its present, future, conditional and unconditional claims,
        rights, title and interest (whether actual or contingent) against all of the Borrower’s clients and/or suppliers/service
        providers originating from supplies of goods and/or services by or to the Borrower (e.g. claims for payment of any amounts
        collected by such service providers from the Borrower’s clients and not yet disbursed to the Borrower) and/or against
        credit institutions of the Borrower in respect of deposits held by them for the Borrower (the “Account Receivables”),
        including but not limited to those set forth in Exhibit 3 (all such assigned claims the: “Assigned Claims’,
        and the assignment of the Assigned Claims: the “Security”). The Security Agent accepts the assignment of the
        Assigned Claims pursuant to the preceding sentence.

        24.2 Assignment
        Date. The Assigned Claims existing on the date hereof shall pass over to the Security Agent upon execution of this Agreement,
        and any future Assigned Clams shall pass over to the Security Agent on the day such Assigned Claims have come into existence.

        24.3 Transfer
        of Secondary and Ancillary Rights. The Assigned Claims comprise (and are assigned to the Security Agent together with)
        all ancillary rights and secondary rights and claims of the Borrower against the third party

         

 

     

     

    

 

 

	debtors
                            pertaining from the Account Receivables, including guarantee claims, damage claims, claims from unjust
                            enrichment and tort, etc.

        25 Purpose of
        the Security

        The Security
        shall serve as security for the prompt and complete payment and discharge of any and all present and future obligations
        and liabilities that are or become payable by the Borrower under the Loan Agreement between the Lenders and the Borrower
        (in particular, claims for repayment of the principal amounts of the Loans and interest thereon) and under this Agreement
        (in particular, the expenses of the Security Agent as set forth in section 16.5, as the case may be) (the “Secured
        Claims”).

        26 Notice of
        Assignment

        The Borrower
        shall deliver to the Security Agent within five Business Days upon the respective request of the Security Agent blank
        notification letters (Blankoabtretungsanzeigen) in the form and with the content as set forth in Exhibit 4
        for the purpose of notifying the debtors of the Assigned Claims. The Security Agent may only make use of such
        letters in relation to the Assigned Claims following the occurrence of an Event of Default within the meaning of section
        3.2 of the Loan Agreement which has not yet seized at the time of the respective notification of the debtors by the Security
        Agent.

        27 Assigned
        Claims under Extended Retention of Title

        If the Assigned
        Claims assigned under this Agreement are subject to the extended retention of title (vertangerter Eigentumsvorbehalt)
        under an agreement with any supplier of the Borrower, the assignment shall only become effective upon the termination
        (Erlӧschen) of such extended retention of title. If and to the extent the supplier is entitled only to part of the
        respective Assigned Claims assigned under this Agreement due to the extended retention of title, the assignment of such
        Assigned Claims to the Security Agent hereunder shall be limited to the part of the relevant Assigned Claims to which
        the Borrower is entitled to, and the assignment of the part that is subject to the extended retention of title shall be
        effective upon complete termination of the extended retention of title. The Borrower hereby assigns to the Security Agent
        its right to reassignment of the Assigned Claims assigned to a supplier by way of an extended retention of title as well
        as any contingent claims to the transfer of all proceeds paid to the supplier, along with any ancillary rights pertaining
        thereto. The same applies to any inchoate rights (Anwartschaftsrechte) relating to the assignment of any Assigned Claims
        that is subject to a condition subsequent (auflosend bedingt abgetrelene Forderung), as the case may be. The Security
        Agent accepts such assignment. The Security Agent may at any time after becoming entitled to enforce the Assigned Claims
        pursuant to section 16 of this Assignment Agreement below, terminate any retention of title agreement for the account
        and on behalf of the Borrower by discharging the respective liability of the Borrower vis-a-vis the relevant supplier.

         

 

     

     

    

 

 

	28
                            Collection of Assigned Claims

        28.1 Collection
        by the Borrower. Until revocation of the authorisation by the Security Agent pursuant to section 15.2 below, the Borrower
        may dispose (verfügen über) (and. for avoidance of doubt, to withdraw and to collect (einziehen)) the Assigned
        Claims in its own name and for its own account in the ordinary course of business

        28.2 Termination
        of Collection Right. The authorisation to withdraw and to collect the Assigned Claims shall terminate if the Security
        Agent revokes the authorisation in accordance with the following sentences. The Security Agent shall be entitled to revoke
        such authorisation and any further withdrawals shall thereupon only be permissible with the Security Agent’s prior
        written consent, if (i) the Security Agent is entitled to enforce the Assigned Claims in accordance with section 16 below
        and/or (ii) the Loan Agreement has been terminated by any of the Lenders for good cause pursuant to and within the meaning
        of its section 4. The authorisation to withdraw shall furthermore terminate without further notice if insolvency proceedings
        are initiated with respect to the Borrower.

        29 Enforcement

        29.1 Collection
        of Assigned Claims by the Security Agent. If (i) any of the Secured Claims has become due and payable (fallig) and (ii)
        an Event of Default (as defined in section 3.2 of the Loan Agreement) arising from non-payment of any due amount of the
        Secured Claims has occurred and is continuing at the time of the relevant measure, the Security Agent shall be entitled
        to revoke the authorisation of withdrawals pursuant to section 15.2 above
        and to enforce his rights under this Agreement and arrange for collection of the Assigned Claims in his own name, or for
        the sale (Verwertung) of the Assigned Claims. If the Security Agent collects any of the Assigned Claims pursuant to this
        section 16.1, he may take all measures and enter into all agreements with
        the respective debtors as he considers to be expedient (including granting of discounts to and/or enter into settlement
        agreements with any debtors in relation to the Assigned Claims, as the case may be).

        29.2 Notification
        Obligation. The Security Agent will notify his intention to enforce any of the Assigned Claims to the Borrower at least
        five Business Days in advance. The Security Agent can refrain from giving previous notification if (i) the Borrower generally
        has seized to make its payments (Zahlungseinstellung) or (ii) insolvency proceedings with regard to the Borrowers assets
        have been applied for or the Borrower has notified the Security Agent of the application of such proceedings.

        29.3 Documents.
        To the extent the authorisation of the Borrower to collect the Assigned Claims is revoked pursuant to section 15.2, the
        Security Agent may request that all documents relating to the Assigned Claims be handed over to him and the Borrower hereby
        agrees to promptly comply with such request.

         

 

     

     

    

 

 

	29.4
                            Limitations for Realization of the Security and Distribution of Proceeds.

        The Security
        Agent may select at its sole discretion which of the Assigned Claims shall be enforced. The Security Agent will only exercise
        his rights to enforcement to the extent necessary and shall limit the realisation of the Security to such amount as is
        necessary - to fulfill the Secured Claims mat have become due and payable (fallig) and not have been paid at the relevant
        point in time and in respect of which the Security is realized, it being understood that in the relationship among the
        Lenders and the Security Agent, the Security Agent shall apply the proceeds of such realisation in accordance with section
        4 of the Security Pooling Agreement in Part I. In case of enforcement of the Security and collection of the Assigned Claims,
        the Security Agent shall return to the Borrower and the Borrower shall be entitled to any proceeds in excess of and not
        necessary to satisfy the Secured Claims that have become due and have not been paid and in respect of which the Security
        has been realized.

        29.5 Expenses.
        The Security Agent shall be reimbursed by the Borrower for the reasonable expenses (including legal costs) incurred from
        performance of his duties under this Assignment Agreement, in particular from realization of the Security. The Security
        Agent shall be entitled to directly recover such expenses from the realization proceeds.

        30 Release of
        Security (Sicherheitenfreigabe)

        30.1 Release
        upon Satisfaction of Secured Claims. Upon complete satisfaction of the Secured Claims, the Security Agent shall without
        undue delay, reassign to the Borrower all Assigned Claims and surrender the excess proceeds resulting from the realisation
        thereof, as the case may be.

        30.2 Release
        in case of Excess Value. At any time when the total value of the aggregate security (including the Assigned Claims) granted
        by the Borrower in order to secure the Secured Claims (the “Security”) which can be expected to be realised
        in the event of an enforcement (realisierbarer Wert sämtlicher Sicherheiten) not only temporarily exceeds 110 % of
        the Secured Claims (the “Limit”), the Security Agent shall without undue delay upon request of the Borrower
        release such part of the Security as the Security Agent may in its reasonable discretion determine, in order to ensure
        that the realisable value of the Security equals or falls below the Limit 

        31 Information
        and Inspection

        31.1 Information
        Right. The Borrower undertakes to provide the Security Agent upon reasonable request with all information which are necessary
        in order to enable the Security Agent to preserve its rights with regard to the Security.

         1.2 Inspection
        Right. Upon the occurrence of an Event of Default (within the meaning of section 3.2 of the Loan Agreement) which is continuing,
        the Borrower shall allow the Security Agent to access any electronic data-processing system in which data concerning the
        Assigned Claims or any part thereof are being stored. As far as the Borrower has delegated the book accounting/electronic
        data processing to a third party, the Security Agent is (upon a respective request to the Borrower) entitled in its own
        name and expense of the Borrower to obtain any relevant information directly from these

         

 

     

     

    

 

 

	third
                            parties, if the Borrower has not provided information as required under this section 18 earliest 10
                            Business Days after such notice from the Security Agent.

        32 Representations
        and Warranties

        The Borrower
        represents and warrants that

        a) the Borrower
        on the date of this Agreement is not subject to any insolvency proceedings or any refusal to open insolvency proceedings
        due to the lack of assets, and

        b) the Assigned
        Claims assigned under this Agreement have on or prior to the date of this Agreement not been pledged to third parties
        or encumbered in any other way in favour of third parties except for pledge/encumbrance existing by operation of the general
        business conditions of the account bank of the Borrower or otherwise in the ordinary course of business and except for
        extended retention of title arrangements.

        33 Undertakings

        During the term
        of this Agreement the Borrower undertakes to immediately inform the Security Agent of any impairments such as attachments
        (Pfandungen) in respect of any of the Assigned Claims. Such notice shall be accompanied by any documents the Security
        Agent might require to defend himself against any claim of a third party. In particular, the Borrower shall promptly forward
        to the Security Agent a copy of any attachment order (Pfandungsbeschluss), any transfer order (überweisungsbeschluss)
        and all other documents necessary for the Security Agent to establish a defence against the attachment. All reasonable
        costs and expenses for reasonable countermeasures taken by the Security Agent shall be paid by the Borrower. This shall
        also apply to the institution of any legal action that the Security Agent reasonably considers necessary.

         

 

     

     

    

 

 

	Part
                            III

        Common Provisions

        34 Term

        This Agreement
        shall terminate upon complete settlement of all Secured Claims. This Agreement cannot be terminated by any Party hereto
        except for good cause (aus wichtigem Grund). If and as soon as the claims of a Lender arising from his respective Loan
        Agreement have been fully settled (whether by payment of the Borrower or through enforcement of the Assigned Claims and
        the distribution of the Security Proceeds) all further rights and liabilities of such Lender arising from this Agreement
        (save for such rights and liabilities that have not yet been fully discharged at the relevant point in time) shall automatically
        forfeit with effect for the future. If a Lender seizes to be a Party to this Agreement (irrespective of the reason), this
        Agreement shall remain in full force and effect among the other Parties hereto.

        35 Assignment
        of Rights

        No Party may
        assign any of its rights or obligations under this Agreement (including, in case of the Security Agent, the Assigned Claims)
        without the prior written consent of all other Parties, except if expressly provided for otherwise in this Agreement,
        e.g. in its section 8 (it being understood, however, that in case of a permitted transfer of rights and obligation of
        a Lender under the Loan Agreement, the respective rights and obligations of such Lenders under this Agreement shall, upon
        request of such respective Lender, equally pass to such successor into such Lender’s Loan, and each Party hereto
        shall submit any and all declarations and conduct any and all acts necessary or required in order to enable such transfer).
        For the avoidance of doubt rights, claims and/or obligations under this Agreement must not be transferred individually,
        but only collectively (keine isolierte Ubertragung von Rechten und Pflichten, sondern nur im Wage der Vertragsubernahme),
        and no Party may assign any rights, claims and/or obligations under this Agreement without the respective assignee acceding
        to this Agreement assuming all obligations of the respective assignor arising from this Agreement, prior to or simultaneously
        with such assignment, any assignment of rights, claims and/or obligations under this Agreement effected prior to such
        accession shall be null and void. The Parties hereby expressly and irrevocably offer each such respective assignee to
        accede to this Agreement in lieu of the assigning Party and agree that such assignee may accept and thereby effect his
        accession by submitting a respective accession declaration to the Borrower in writing, provided that such accession declaration
        does not contain any amendment or alteration to this Agreement and is unconditional except for its becoming effective
        upon such assignee’s acquisition of rights and obligation of the respective Party under this Agreement.

        36 Interpretation

        The terms printed
        in italics constitute German legal terms describing the meaning of the terms in the English language they refer to, and
        shall be taken into account when interpreting this Agreement.

         

 

     

     

    

 

 

	 37      Confidentiality  The
    Parties shall keep the content of this Agreement confidential, except if and to the extent (i) disclosure is expressly agreed
    among the Lenders, holding jointly or individually, a Lenders' Majority and the Borrower, (ii) disclosure is required pursuant
    to any statute or law, official or judicial orders, or provisions or regulations relating to a stock exchange, (iii) disclosure
    to any Borrower's shareholder or a third party, that can reasonably be expected to acquire shares of the Borrower.  38
    Costs  The Parties shall each bear their own costs incurred in connection with this Agreement and the transactions
    contemplated herein.  39 Form of Amendments  Amendments to this Agreement including any amendment of this
    section 26 shall be required to be in writing in order to be effective, unless a stricter form requirement (e.g. a notarization)
    applies by mandatory law.  40 Written Form  If any statement, declaration, notification or other communication
    is required to be in writing under this Agreement, it shall suffice that a signed copy of such statement, declaration or notification
    is transmitted by telefax or pdf-copy via e-mail.  41 Conclusion of this Agreement  The Parties may choose
    to conclude this Agreement by an exchange of signed signature pages transmitted by fax or e-mail (as a pdf-copy). If the Parties
    choose to conclude this Agreement in accordance with the preceding sentence, they shall transmit the signature pages of this
    Agreement to the management of the Borrower (the "Recipient"). This Agreement shall be deemed duly concluded once
    the Recipient has received the signed signature pages from all Parties to this Agreement and at the time of the receipt of
    the last outstanding signature page. For this purpose, the Parties authorise the Recipient to collect the signature pages
    from all and for all Parties hereto. Each Party hereto undertakes to submit to the Borrower, upon a respective request of
    the Borrower without undue delay, an original of his/its signed signature page.  42 Effectiveness. No Joint Rights
    or Liabilities  This Agreement shall become effective upon its execution by the Borrower, Mr David Khalil and at
    least one Lender and shall be binding only on such Parties that have executed this Agreement. The rights and obligations hereunder
    of a Lender and/or of the Security Agent that has executed this Agreement shall not be affected by non-execution of this Agreement
    by another Lender. Rights and liabilities of each Lender under this Agreement shall be several but not joint (Ausschluss der
    Gesamtgläbigerschaft bzw. der Gesamtschuld) and only in respect to the respective Loan granted by such Lender to the
    Borrower under the Loan Agreement. 

 

     

     

    

 

 

	  43
    Delivery Addresses and Recipients  43.1 Delivery Addresses. Each Party shall, at any time while a Party to this
    Agreement, keep the other Parties informed of such Party's current mailing address and contact data. As of the date hereof,
    the Parties may direct any and all declarations to be issued in connection with this Agreement via-à-vis another Party,
    to the persons and addresses set forth in Exhibit 1, and any declaration directed to such persons and domestic addresses shall
    be deemed received by the respective Party, to which such declaration is addressed, if delivered by hand or telefax or email
    (if declaration is required to be in writing: pdf-copy) on the same day and if sent by courier or mail no later than on the
    third day after dispatch. If any Party to this Agreement wishes to change its delivery address, such Party shall inform the
    other Parties in writing thereof, and such change shall become effective for the purposes of this Agreement and, in particular,
    this section 30, upon the lapse of 10 Business Days as of receipt of such information, provided that the first sentence of
    this section 30.1 is complied with.  43 2 Authorised Recipients. The persons stated in Exhibit 1 shall be authorised
    recipients for the respective Parties, including for the purposes of serving statements of claims and any other statements,
    applications, declarations, correspondence or court orders relating to disputes in respect of this Agreement (Zustellungsbevollmãchtigte).
    Section 30.1, last sentence, shall apply accordingly.  43.3 Application of General Rules. In addition to the foregoing
    provisions, declarations are being considered to have been received if having been delivered to a Party pursuant to the general
    rules under German law regarding the receipt of declarations.  44 Severability  In the event that a provision
    of this Agreement is or becomes partly or entirely invalid or unenforceable or if this Agreement contains a gap or omission,
    the validity of the remaining provisions of this Agreement is not affected thereby. The Parties are obliged to replace the
    partly or entirely invalid or unenforceable provision with a valid and enforceable provision, which the Parties would have
    agreed on had they been aware of the invalidity or unenforceability of the respective provision. The same applies in the event
    that this Agreement contains a gap or omission.  45 Governing Law and Jurisdiction  This Agreement is
    governed by and construed in accordance with the laws of the Federal Republic of Germany under exclusion of its rules of conflict
    of laws. To the extent permissible by law, the courts in Berlin shall have exclusive jurisdiction in respect of any dispute
    regarding this Agreement. 

 

     

     

    

 

 

	  Signature
    Page 1/2 – Assignment and Security Pooling Agreement The Lenders Mr Andreas Blase Mr David Khaki Date / Location: Date/
    Location: Mr Robert Maier La Plata GmbH Represented by: Date / Location: Date / Location: Ms Elke Jansson Mr Christian
    Vollmann Date / Location: Date / Location: Mr Michael Schrezenmaier Mr Jeronimo Folgueria Date / Location: Date / Location:
    

 

     

     

    

 

 

	Signature
    Page 2/2 – Assignment and Security Pooling Agreement Elephant &
    Caste GmbH Represented by: Alpar Beteiligungs GmbH Represented by Date/Location: Date / Location: JoDa Media Consulting GmbH
    Represented by: Manoa Ventures GmbH Represented by: Date/Location: Dare/Location: R+R International Aviation AG Represented
    by: whiletrue Ltd Represented by: Date/Location: Date / Location: Mr Lukas Brosseder Rocket Internet SE Represented by: Date
    / Location:  Date/ Location: The Borrower Affinitas GmbH Represented by: Jeronimo Folgueira and Michael Schrezenmaier
    Date/ Location:  

 

     

     

    

 

 

	 Annex
    1.1 to the Loan Agreement relating to Affinitas GmbH =Exhibit 2 to the Security Pooling Agreement and Assignment of Claims
    Loans Type A Lender Principal Amount in EUR Interest p.a. Maturity Date Robert Maier 250,000 8% 30.06.2018 whiletrue Limited
    300,000 8% 30.06.2018 Christian Vollmann 100,000 8% 30.06.2018 Alpar Beteiligungs GmbH 150,000 8% 30.06.2018 David Khalil
    100,000 8% 30.06.2018 Lukas Brosseder 100,000 8 % 30 06 2018 Manoa Ventures GmbH 50,000 8% 30.06.2018 La Plata GmbH 50,000
    8% 30.06.2018 R+R International Aviation AG 50,000 8% 30.06.2018 JoDa Media Consulting GmbH 25,000 8% 30.06.2018 Elke Jansson
    100,000 8% 30.06.2018 Elephant & Castle Capital GmbH 25,000 8% 30.06.2018 Andreas Blase 50,000 8% 30.06.2018 Rocket Internet
    SE 500,000 8% 30.06.2018 Total: 1,850,000  

 

     

     

    

 

 

	 Type
    B Lender Principal Amount in EUR Interest p.a. Maturity Date Robert Maier 750,000 9% 31.03.2019 whiletrue Limited 300,000
    9% 31.03.2019 Christian Vollmann 300,000 9% 31.03.2019 Alpar Beteiligungs GmbH 150,000 9% 31.03.2019 David Khalil 100,000
    9% 31.03.2019 Lukas Brosseder 100,000 9% 31.03.2019 Manoa Ventures GmbH 200,000 9% 31.03.2019 La Plata GmbH 200,000 9% 31.03.2019
    R+R International Aviation AG 150,000 9% 31.03.2019 JoDa Media Consulting GmbH
    75,000 9% 31.03.2019 Jeronimo Folgueira 75,000 9% 31.03.2019 Elephant & Castle Capital GmbH 50,000 9% 31.03.2019 Michael
    Schrezenmaier 50,000 9% 31.03.2019 Rocket Internet SE 1,500,000 9% 31.03.2019 Total: 4,000,000 

 

     

     

    

 

 

	 Exhibit
    3 to the Security Pooling Agreement and Assignment of Claims Assigned Claims For the avoidance of doubt: the Borrower assigns
    all Accounts Receivables (as defined in Part II, 11.1 of the Assignment and Security Pooling Agreement) This explicitly includes
    (but is not limited to): The receivables and deposit held by the payment service provider of the Borrower, Adyen B.V (Simon
    Carmiggelstraat 6-50, 1011 DJ Amsterdam, Netherlands) amounting to EUR 5.198.202,48,-, thereof EUR 2.882.722,46,- as receivables
    from collected but not yet paid-out funds and EUR 2.315.480,02, - as deposit as per 31.07.2016
    Receivables stemming from deductable input tax (responsible: Finanzamt III Berlin, Volkmarstraβe 13, 120999 Berlin) amounting
    to EUR 5.809.350,75, - of which EUR 897.245,71, - are deductable at 19% and
    EUR 4 912 105,04.- are deductable according to §13b UStG Receivables / prepayments amounting to EUR 275.612,70 -. thereof:
    Zanox AG (Stralauer Allee 2,10245 Berlin) amounting to EUR 121.547,36,- • Tradedoubler Sweden AB (Birger Jarisgatan 57A,
    SE-11356 Stockholm, Sweden) amounting to EUR 37.874,91, - • Affiliate Window/Digital Window Ltd (5th Floor, 2 Thomas
    More Square, London, E1W 1YN) amounting to EUR 31.913,53,- • Affiliate
    GmbH (Sapporobogen 6-8, 80637 Munchen(amounting to EUR 22.000,- All the above as per 31.07.2016 but subject to actual but
    unreported usage of the prepayment at the time of signing of the agreement. Differences between the overall sum and the sum
    of the mentioned companies above are due to a high number of very small prepayments that for the sake of simplicity are not
    explicitly mentioned. The VAT deposit for Switzerland amounting to EUR 55.376,10,- as per 31.07.2016 (Affinitas GmbH Account;
    Bank: Deutsche Bank, IBAN: DE34 5007 0010 0094 0866 57, BIC: DEUTDEFFXXX; Amount is pledged to VAT authority in Switzerland)
    The VAT deposit for Norway amounting to EUR 20.826,82, - as per 31.07.2016 (ECOV1S
    Norge Main Partner AS, Bank: DnB, IBAN: NO46 5005 0615 119, BIC: DNBANOKKXXX)
    

 

     

     

    

 

 

	 Exhibit
    4 to the Security Pooling Agreement and Assignment of Claims relating to Affinitas GmbH Notice of Assignment [Letterhead of
    Affinitas GmbH] [Name and address of debtor to be completed by the Security Agent] [date/place] Dear Sir/Madam. We hereby
    give you notice that pursuant to an assignment agreement entered into by us in favour of David Khalil (the “Security
    Agent”) dated 21./22./23. September 2016, we have assigned to the Security Agent all our present and future receivables
    against [name of the relevant debtor] together with all ancillary rights pertaining to them including those set out in Annex
    1 hereto. The Security Agent is solely authorised to collect and deal with the assigned receivables, and all payments with
    respect to the assigned receivables have to be made to the Security Agent. Please do not make any further payments into our
    accounts. Please find attached as Annex 2 hereto a copy of the assignment agreement. Yours faithfully. Affinitas GmbH Name:
    Title:Exhibit 10.6

 

 

	Exhibit
    10.6 30 September 2016 By and among: THE STOCKHOLDERS OF SAMADHI SAS LISTED ON SCHEDULE A1, And AFFINITAS GmbH SECURITIES
    PURCHASE AGREEMENT 

 

    	 

    	 

    

 

 

	Table
    OF CONTENTS Section 1. Purchase
    and Sale of the Shares 4 (a) Purchase and Sale of the Shares 4 (b) Purchase Price 5 (c) Earn Out 5 (d) The Closing 8 (e) Closing
    Transactions 9 (f) Right to make setoffs 10 (g) Locked box 10 Section 2. Closing Deliverables of the Stockholders 11 Section
    3. Closing Deliverables of Buyer 12 Section 4. Representations and Warranties of the Stockholders concerning the Company 12
    (a) Organization; Capitalization, Shares 12 (b) Subsidiaries and Investments 13 (c) Financial Statements 13 (d) Tax Matters
    14 (e) Intellectual Property 14 (f) Customers 15 (g) Contracts and Commitments 15 (h) Business 15 (i) Information Technology,
    Data and Data Records 15 (j) Litigation 17 (k) Employees 17 (l) Affiliate Interests 17 (m) No fraudulent activity 17 (n) Interim
    Period 18 (o) Other representations 18 (p) No hidden information 18 Section 5. Representations and Warranties of the Stockholders
    concerning the Stockholders 18 (a) Authorization of Transaction 18 (b) Non-contravention 19 (c) Due Incorporation 19 (d) Litigation
    19 (e) Ownership and Liens 19 Section 6. Representations and Warranties of the Buyer 19 Section 7. Indemnification 20 (a)
    Survival 20 (b) Indemnification 21

 

    	 

    	 

    

 

 

	Section
    8. Locked Box Indemnity 25 Section 9. Additional Agreements 25 (a) Press Releases 25 (b) Transaction Expenses 25 (c) Confidentiality
    25 (d) Further Assurances 26 (e) Release 26 (f) Non-Competition; Non-Solicitation; Non-Disparagement 26 (g) Stockholders’
    Representative 27 (h) Transfer Taxes 28 (i) Webmail and phone 29 Section 10. Miscellaneous 29 (a) Entire Agreement 29 (b)
    Successors and Assigns 29 (c) Execution 29 (d) Headings 29 (e) Notices 29 (f) Governing Law 30 (g) Jurisdiction 31 (h) Amendments
    and Waivers 31 (i) Incorporation of Appendices, Exhibits and Schedules 31 Schedule B - Definitions 33

 

    	 

    	 

    

 

 

	Securities
    purchase agreement This Securities Purchase Agreement (the “Agreement”) is entered into as of 30 September 2016
    by and amongst: (1) The Stockholders, whose name and address is listed in columns (a) and (b) of Schedule A1 (each, a “Stockholder”
    and collectively, the “Stockholders”), (2) Affinitas GmbH, a German company incorporated under the law of Germany,
    registered number 115958 B, Registry court: Amtsgericht Berlin Charlottenburg, having its registered office at Kohlfurter
    Straβe 41/43 10999 Berlin, Germany (the “Buyer”). The Stockholders and the Buyer are referred to sometimes
    individually as a “Party” and, collectively herein as the “Parties.” Capitalized terms used herein
    and not otherwise defined shall have the meanings set forth on Schedule B attached hereto. RECITALS WHEREAS, the Stockholders
    collectively own legally and beneficially 100% of the issued and outstanding shares (actions) of Samadhi, a société
    par actions simplifiée organized under the laws of France and registered with the Paris trade and companies register
    under number 495 405 789 (the “Company”), comprised of 43,996 shares; WHEREAS, the Buyer desires to acquire from
    the Stockholders, and the Stockholders desire to sell to the Buyer (or shall sell through the implementation of the drag along
    provision as set forth in the shareholders’ agreement dated as of 21 April 2010 in respect of the notice of drag along
    dated as 26 September 2016), one hundred per cent (100%) of the issued and outstanding shares of the Company on the terms
    and subject to the conditions set forth herein; WHEREAS, the Buyer, with the assistance of its advisors, has conducted a due
    diligence on the Company as from 5 July 2016 until 28 September 2016 based on documents made available by the Company in an
    electronic data room; NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in consideration
    of the representations, warranties, and covenants herein contained, the Parties hereto agree as follows: Section 1. Purchase
    and Sale of the Shares (a) Purchase and Sale of the Shares On and subject to the terms and conditions of this Agreement, at
    the Closing, the Buyer shall purchase from each Stockholder (except from the Incentive Stockholders), and each Stockholder
    (except from the Incentive Stockholders) shall sell, assign, convey and transfer to the Buyer the number of shares indicated
    across from such Stockholder (except from the 

 

    	 

    	 

    

 

 

	Incentive
    Stockholders) in Schedule A2 attached hereto, free and clear of any Liens (the “Shares”), in exchange for the
    Purchase Price (less the Purchase Price of the Free Shares), as allocated among the Stockholders (except the Incentive Stockholders)
    according to their shareholdings in the Company set opposite their respective names in column (e) of Schedule A2, provided
    that the Buyer shall not be concerned with such allocation among the Stockholders. On and subject to the terms and conditions
    of this Agreement, on 6 December 2016, the Buyer shall purchase from each Incentive Stockholder, and each Incentive Stockholder
    shall sell, assign, convey and transfer to the Buyer the number of shares indicated across from such Incentive Stockholder
    in Schedule A2 attached hereto, free and clear of any Liens (the “Free Shares”), in exchange for the Purchase
    Price of the Free Shares, as allocated among the Incentive Stockholders according to their shareholdings in the Company set
    opposite their respective names in column (g) of Schedule A2, provided that the Buyer shall not be concerned with such allocation
    among the Incentive Stockholders. (b) Purchase Price (i) The aggregate amount to be paid for the purchase of the Company Shares
    shall be EUR 9,000,000 (nine million Euros) (hereafter the “Purchase Price”), each of the following amounts shall
    be paid to the Stockholders’ Representative, by way of irrevocable wire transfer of immediately available funds (in
    Euros) to the Nominated Account, on behalf of the Stockholders as allocated among the Stockholders in the amounts set opposite
    their respective names in Schedule A2, less the costs and expenses to be borne by the Stockholders (legal and financial accepted
    by them) as provided for in Section 9 (b) and in columns (h) of Schedule A2 provided that the Buyer shall not be concerned
    with such allocation among the Stockholders. (ii) On Closing, the Buyer shall pay an aggregate amount of EUR 7,978,179.83
    (seven million nine hundred seventy eight thousand one hundred seventy nine euros and eighty three cents) (hereafter the “Closing
    Purchase Price”). On 6 December 2016, the Buyer shall pay an aggregate amount of EUR 21,820.17 (twenty one thousand
    eight hundred and twenty euros and seventeen cents) (hereafter the “Incentive Purchase Price”). On 1st
    June 2017, the Buyer shall pay an aggregate amount of EUR 1,000,000 (hereafter the “June 2017 Deferred Purchase Price”).
    (c) Earn Out In addition to the Closing Purchase Price, the Buyer shall pay to the Stockholders’ Representative on behalf
    of the Stockholders a maximum amount of EUR 1,000,000 (one million euros) (the “Earn Out”) in two tranches, one
    based on the 2016 Revenues ("First Tranche"), and the other one on the 2017 Revenues ("Second Tranche")
    as determined below, provided that the 2016 Revenues and 2017 Revenues thresholds described below are reached. (i) Earn-Out
    Calculation 1) First Tranche Provided that the 2016 Revenues achieve EUR 6,750,000 (six million and seven hundred and fifty
    thousand euros), the First Tranche shall be equal to a maximum amount of EUR 295,000 

 

    	 

    	 

    

 

 

	(two
    hundred ninety five thousand Euros) provided that Marketing Spend Q4 2016 is not below EUR 400,000 (four hundred thousand
    Euros), being specified that: o If 2016 Revenues meet or exceed EUR 6,750,000, the First Tranche will be equal to EUR 295,000;
    o If 2016 Revenues are between EUR 6,381,250 and EUR 6,750,000, the First Tranche will be equal to EUR 295,000 minus 80% of
    the revenue gap between the actual revenue figure and EUR 6,750,000; o If 2016 Revenues are below EUR 6,381,250, the First
    Tranche will be equal to EUR 0; o If Marketing Spend Q4 2016 is below EUR 400,000, the full First Tranche will be equal to
    EUR 295,000. 2) Second Tranche Provided that the 2017 Revenues exceed the Revenue Target, the Second Tranche shall be equal
    to a maximum amount of EUR 705,000 (seven hundred five thousand Euros) being specified that: o If the 2017 Revenues exceed
    the Revenue Target in 2017 financial year, the Second Tranche will be equal to 30% of the difference between the actual revenue
    figure and the Revenue Target, subject to the cap of EUR 705,000 set forth above; o If the 2017 Revenues are below EUR 6,000,000,
    the Second Tranche payment will be equal to EUR 0 regardless of the level of Marketing Spend and the Target Revenue. (ii)
    Earn-Out determination As soon as possible after 31st December 2016 and 31st December 2017 and no later
    than 15th April 2017 and 15th April 2018, the Buyer shall deliver to the Stockholders’ Representative
    a written detailed report (each, an “Earn-Out Report”) setting forth Buyer’s good faith calculation of the
    First Tranche in a first report and the Second Tranche in a second report, for each relevant fiscal year, which shall be calculated
    as set forth above. The Earn-Out Reports shall be accompanied by detailed documentary evidence supporting the basis for such
    calculation. 1) The Buyer procure or shall cause the management of the Company to make available to the Stockholders’
    Representative to procure that all records, working papers, and other information as may be reasonably required for the purposes
    of the Section 1(c)(i) of the Agreement and shall generally render and cause the management of the Company (or the management
    of the Buyer, as the case may be) to render all reasonable assistance necessary for the calculation of the First Tranche and
    the Second Tranche for each relevant fiscal year. 2) If the Stockholders’ Representative disagrees with any of the Earn-Out
    Reports, then he shall within thirty (30) Business Days after receipt thereof, deliver notice of such disagreement to the
    Buyer, such notice (the "Notice of Disagreement") to specify (i) each line item in the relevant Earn-Out Reports
    with which the Stockholders’ Representative disagrees, (ii) the estimated amounts of the First Tranche and the Second
    Tranche, proposed by the Stockholders’ Representative and (iii) in reasonable detail, the reason for the Stockholders’
    Representative disagreement in respect of such Earn-Out Report; being specified that a Notice of Disagreement may also be
    delivered by the Stockholders’ Representative to the Buyer if the information or the assistance reasonably requested
    by the Stockholders’ Representative for the calculation of the First Tranche and/or the Second Tranche, has not been
    given within fifteen (15) Business Days after the considered request, in such a case, the Notice of Disagreement shall 

 

    	 

    	 

    

 

 

	specify
    (i) the requested information or assistance and (ii) the reason for the Stockholders’ Representative that such information
    or assistance is reasonably required to the calculation of the First Tranche and/or Second Tranche; 3) if no Notice of Disagreement
    is delivered in connection with an Earn-Out Report, then such Earn-Out Report shall be final and binding on the Parties; 4)
    if a Notice of Disagreement is delivered, the Parties shall attempt in good faith to reach agreement in respect of the draft
    Earn-Out Report, provided that if the Stockholders’ Representative and the Buyer are unable to reach such agreement
    within fifteen (15) Business Days of delivery of the Notice of Disagreement, the Buyer or the Stockholders’ Representative
    may by notice to the other require that the Earn-Out Report that have not been agreed upon within the aforesaid fifteen (15)
    Business Days, be referred to a third accountant (the “Third Accountant”) chosen amongst KPMG, EY, Deloitte or
    PWC which are not the auditors of the Company or the Buyer, jointly by (i) the accountant designated by the Buyer and (ii)
    the accountant designated by the Stockholders’ Representative. If no Third Accountant is designated as set forth above
    within thirty (30) Business Days of the delivery of the Notice of Disagreement, the Stockholders’ Representative may
    request the designation of such Third Accountant by the commercial court of Paris. The Third Accountant shall, within thirty
    (30) Business Days of his appointment determine the First Tranche and/or the Second Tranche under the terms and conditions
    set forth above. 5) The determination of the Third Accountant shall: - be made in writing and delivered to the Buyer and the
    Stockholders’ Representative; and - unless otherwise agreed by the Buyer and the Stockholders’ Representative,
    include reasons for each relevant determination. 6) The Third Accountant shall act as expert and not as arbitrator in accordance
    with article 1592 of the French Code Civil and its determination of any matter falling within its jurisdiction shall be final
    and binding on the Parties, except in case of gross mistake or negligence. 7) The fees and expenses (including VAT) of the
    Third Accountant shall be borne equally between the Buyer and the Stockholders. (iii) The Buyer irrevocably undertakes and
    procures (for itself as well as for any of its Affiliates) that, as from the Closing Date until the end of the period of the
    First Tranche of the Earn Out (i.e. 31 December 2016), there shall be no action taken by the Company, the Buyer or its Affiliates,
    nor any change made to the Company which could have a material negative effect on the Company’s Revenue, including but
    not limited to encouraging the Company’s customers to subscribe to another dating website operated by the Buyer or any
    of its Affiliates. Therefore the Buyer irrevocably undertakes and procures, in particular, without the prior written consent
    of the Stockholders’ Representative: 1) not to take any decision or action that could result in the termination or the
    transfer (total or partial) of the Business to the Buyer or its Affiliates, including by way of sale, merger, contribution,
    leasing or other means; 

 

    	 

    	 

    

 

 

	2)
    that the Business shall be carried-out and invoiced exclusively by the Company and not the Buyer or any of its Affiliates;
    3) that any and all of the services provided for by the Company in France, Belgium, Switzerland and Luxemburg shall be exclusively
    sold by the Company; 4) to maintain the Company’s pricing policies, reimbursement policies and relationships with its
    clients and suppliers; 5) that the Company shall have the minimum human resources directly or through services agreements
    with the Buyer or its Affiliates to maintain the Business especially human resources in marketing online; 6) that the auditors
    having certified the 2015 Financial Statements shall remain in office. It being specified that the Relevant Accounting Standards
    applied by the Company to the determination of the 2015 Financial Statements shall be applied to the determination of the
    2016 Revenue and 2017 Revenue. It being specified that in case of breach by the Buyer of the above undertakings, before 1st
    January, 2017 that have material consequences on the First Tranche of the Earn Out except, if made to stop fraudulent
    activity as described in Section 4 (m) which should be notified to the Stockholders’ Representative in due course, the
    maximum amount of the First Tranche shall be paid to the Stockholders on 1st June 2017 without application of the
    Section 1 (c) (ii) above. (iv) Payment of the First Tranche and the Second Tranche The Buyer shall pay in cash the amounts
    of the First Tranche and the Second Tranche of the Earn-Out as follows: - The First Tranche shall be paid on 1st
    June 2017 or in case of disagreement within ten (10) Business Days after the Third Accountant report, and - The Second Tranche
    shall be paid on 1st June 2018 or in case of disagreement within ten (10) Business Days after the Third Accountant
    report. The Buyer shall pay the First Tranche and the Second Tranche of the Earn-Out to the Stockholders’ Representative,
    by way of irrevocable wire transfer of immediately available funds (in Euros) to the Nominated Account, on behalf of the Stockholders,
    provided that the Buyer shall not be concerned with such allocation among the Stockholders. Each instalment of the Earn Out
    shall be allocated among the Stockholders in amounts equal to their Pro Rata Share, provided that (i) such amounts shall be
    deducted of any amount paid or having to be paid by the Stockholders’ Representative including any fees and expenses
    engaged by the Stockholders’ Representative in order to protect the rights of the Stockholders (including but not limited
    to accountant’s fees (including the fees and expenses of the Third Accountant) or any legal costs) incurred with respect
    to the determination of the First Tranche and Second Tranche or pursuant to the several but not joint liability (conjointement
    mais non solidairement) among the Stockholders set forth herein, and (ii) the Buyer shall not be concerned with such deduction
    or allocation among the Stockholders. (d) The Closing Subject to the terms and conditions of this Agreement, the consummation
    of the transactions 

 

    	 

    	 

    

 

 

	contemplated
    by this Agreement (the “Closing”) will occur simultaneously with the execution of this Agreement and will take
    place at the offices of Taylor Wessing, 69 avenue Franklin D. Roosevelt, 75008 Paris (France), on the date hereof, or at such
    other location, time of day or date as the Buyer and the Stockholders’ Representative may agree in writing. The date
    upon which the Closing occurs shall be referred to herein as the “Closing Date”. (e) Closing Transactions Subject
    to the terms and conditions set forth in this Agreement, the following obligations shall be performed on the Closing Date:
    (i) Each Stockholder (except Incentive Stockholders) or, as the case may be, the Company, or the Stockholders’ Representative
    shall deliver, or cause to be delivered, to the Buyer: (A) a duly executed share transfer form (ordre de mouvement) in favor
    of the Buyer (or its nominee(s)), whereby such Stockholder sell, assign, transfer and convey the Shares held by such Stockholder
    to the Buyer, free and clear of all Liens, in exchange for the right to receive the consideration specified for such Stockholder
    pursuant to Section 1 (a); and (B) two original duly executed tax returns for transfer tax purposes (formulaire Cerfa n°2759)
    in respect of the transfer of the Shares from such Stockholder to the Buyer; (ii) Ludovic Huraux shall deliver to the Buyer
    a letter of resignation as corporate officer of the Company; (iii) The Parties shall take such actions and make such deliveries
    as described in Sections 2 and 3 below; (iv) The Buyer shall pay or cause to be paid by wire transfer of immediately available
    funds the Closing Purchase Price to the Nominated Account. The Stockholders’ Representative shall pay to each of the
    Stockholders the portion of the Closing Purchase Price owed to each such Stockholder, in accordance with the percentages set
    forth in Schedule A2, provided that the Buyer shall not be concerned with such payments, for which the Stockholders’
    Representative shall be solely responsible. Subject to the terms and conditions set forth in this Agreement, the following
    obligations shall be performed on 6 December 2016: (i) Each Incentive Stockholder or, as the case may be, the Company, or
    the Stockholders’ Representative shall deliver, or cause to be delivered, to the Buyer: (A) a duly executed share transfer
    form (ordre de mouvement) in favor of the Buyer (or its nominee(s)), whereby such Incentive Stockholder sell, assign, transfer
    and convey the Shares held by such Incentive Stockholder to the Buyer, free and clear of all Liens, in exchange for the right
    to receive the consideration specified for such Incentive Stockholder pursuant to Section 1(a); and (B) two original duly
    executed tax returns for transfer tax purposes (formulaire Cerfa n°2759) in respect of the transfer of the Shares from
    such Incentive Stockholder to the Buyer; (ii) The Buyer shall pay or cause to be paid by wire transfer of immediately available
    funds 

 

    	 

    	 

    

 

 

	the
    Incentive Purchase Price to the Nominated Account. The Stockholders’ Representative shall pay to each of the Incentive
    Stockholders the portion of the Incentive Purchase Price owed to each such Incentive Stockholder, in accordance with the percentages
    set forth in Schedule A2, provided that the Buyer shall not be concerned with such payments, for which the Stockholders’
    Representative shall be solely responsible. (f) Right to make setoffs It is expressly agreed between the Parties that the
    Buyer shall be entitled to set off from any payment of all or part of the Earn Out or of the June 2017 Deferred Purchase Price
    (first from the First Tranche of the Earn Out, second from the June 2017 Deferred Purchase Price and then from the Second
    Tranche of the Earn Out) pursuant to Clause 1289 and seq. of the French civil Code by any indemnification payment to be made
    by the Stockholders under Sections 7 and 8 thereafter. Notwithstanding the above, it is specified that in case of a contested
    claim with respect to an indemnification payment pursuant to Sections 7 and 8, the Earn Out or the June 2017 Deferred Purchase
    Price payment limited to the amount contested will be deferred accordingly until the date on which it shall have been finally
    settled according to this Agreement and the portion of the remaining Earn Out (or June 2017 Deferred Purchase Price) equal
    to the alleged amount of such claim shall be retained until this date and deposit on an escrow account to this effect (the
    “Escrow Amount”). If any deposit on an escrow account are made as to Losses that are not yet resolved and, if
    the claim is later resolved for (i) an amount equal or higher to the Escrow Amount, subject to the provision of Section 7,
    then the Escrow Amount is returned to the Buyer or if (ii) a lesser amount than the Escrow Amount, then, subject to the provisions
    of Section 7, the difference between the Escrow Amount and the Loss is returned to the Stockholders’ Representative,
    by way of irrevocable wire transfer of immediately available funds (in Euros) to the Nominated Account, on behalf of the Stockholders
    within ten (10) Business Days as from the date the claim is resolved and the portion of the Escrow Amount equivalent to the
    Loss shall be returned to the Buyer. (g) Locked box (i) Each Stockholder represents and warrants to the Buyer that, except
    as set forth in Schedule 1 (g), there has not been any Leakage from 1st July 2016 up to and including the Closing
    Date. (ii) Notwithstanding any limitation on Losses or indemnification set forth in this Agreement and except as set forth
    in Schedule 1 (g) the Stockholders shall indemnify, without any limitation whatsoever and on a Euro-per-Euro basis, the Buyer
    of any breach of the representation and warranty made in Section 1 (g) (i) above and pursuant to Section 8, being specified
    that the Buyer may not be indemnified twice for the same representation and warranty made in two different Sections of the
    Agreement and particularly in Section 1 (g) and in Section 7 for which the representation in Section 1(g) shall prevail. (iii)
    The liability of the Stockholders for Leakage shall terminate at the end of a period of sixty (60) days following the approval
    of the audited financial statements of the Company for financial year 2016 and at the latest on August 31st, 2017. (iv) The
    amount of the Buyer’s indemnification due by the Stockholders, to the extent not offset against the Earn Out or the
    June 2017 Deferred Purchase Price as the case may 

 

    	 

    	 

    

 

 

	be,
    shall be paid among the Stockholders as set out in Schedule A2 and in accordance with Section 8 below. Section 2. Closing
    Deliverables of the Stockholders On or prior to the Closing Date, the Stockholders shall, as applicable, pass, or cause to
    have passed, have delivered, or caused to have delivered, or caused to be delivered, to the Buyer all of the following: a)
    copies of the resolutions of the Company’s shareholders meeting (i) approving the transfer of 50% plus one Share of
    the Shares as the case maybe, (ii) authorizing the transfer of the Shares to the Buyer in accordance with article 12 of the
    Company’s by-laws and (iii) appointing Mr. Jeronimo Folgueira and Michael Schrezenmaier respectively as President and
    Managing Director of the Company; b) corporate and other records, shareholders’ meetings register (registres d'assemblées)
    shareholders’ accounts (comptes d’actionnaires) and share transfer register (registre de mouvements de titres),
    duly updated to reflect the transactions contemplated hereby; c) The bank statement evidencing that the Cash position on 28
    September 2016 is at least equal to EUR two million two hundred ninety thousand (2,290,000 euros); d) the agreement evidencing
    the resignation of all the corporate officers of the Company as well as all the Supervisory Board members and that they do
    not have receivables against the Company effective on the Closing Date, or any other date agreed between the Buyer and the
    Stockholders’ Representative (the “Resigning Directors”) and the termination agreement of the shareholders
    agreement dated as of 21 April 2010; e) Any document evidencing the termination of the delegation of power granted to Pauline
    Tourneur; f) an original copy of the registration certificate (extrait K-bis), an original of the certificate of non-bankruptcy
    (certificat de non faillite) and current statement of liens and pledges (Etat des Priviléges et Nantissements) of the
    Company less than 7 days prior to Closing, as amended to date, each in full force and effect on the date hereof; g) Employee
    register of the Company; h) The assignment agreement of the domain names duly executed by Ludovic Huraux and the Company;
    i) Letter evidencing the change of the persons having the authority to use the Bank Accounts of the Company. 

 

    	 

    	 

    

 

 

	Section
    3. Closing Deliverables of Buyer On or prior to the Closing Date, the Buyer shall have delivered to the Stockholders’
    Representative: (i) the certified copies of the resolutions of Buyer’s board of directors approving this Agreement and
    authorizing the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby (and
    certified copies in English language). (ii) a certified copy of the registration certificate and an original of the certificate
    of non-bankruptcy of the Buyer as the case may be, less than ten (10) days prior to Closing, as amended to date, each in full
    force and effect on the date hereof. (iii) the Buyer shall pay the Closing Purchase Price to the Stockholders’ Representative
    by electronic funds transfer of immediately available funds to the Nominative Account. (iv) The new delegation of power granted
    to Pauline Tourneur. The Buyer shall deliver to the Stockholders’ Representative in due course (i) an original copy
    of the registration certificate (extrait K-bis) update of the Company and (ii) a copy of duly registered tax returns for transfer
    tax purposes (formulaire Cerfa n°2759) in respect of the transfer of the Shares from such Stockholder to the Buyer. Section
    4. Representations and Warranties of the Stockholders concerning the Company As a material inducement to the Buyer to enter
    into and perform its obligations under this Agreement, the Stockholders severally but not jointly (conjointement mais sans
    solidarité entre eux), hereby represent and warrant as at the Closing Date and except to the extent fairly disclosed
    in Schedules 4(e)(iii), 4(e)(iv); 4 (i)(vii), 4 (i)(viii), 4(j), 4(k)(l), 4(k)(v), 4(l); 4(n)1 and 4(n)2 hereto, to the Buyer
    as follows: (a) Organization; Capitalization, Shares (i) The Company is a simplified joint-stock company (société
    par actions simplifiée) duly organized and validly existing under the laws of France. The shareholders’ accounts
    (comptes d’actionnaires) and share transfer register (registre de mouvements de titres) and other statutory books of
    the Company have been properly kept and are an accurate and complete record of the matters relating to the Company. The Company
    is not in default under or in violation of any provision of its articles of association. No step has been taken or legal proceeding
    started against the Company for its winding-up, liquidation, bankruptcy (including mandat ad hoc, conciliation, sauvegarde,
    sauvegarde accélérée, redressement judiciaire or liquidation judiciaire) or dissolution, nor is it insolvent
    (en état de cessation de paiements). The Company has not requested an extension period (délai de grâce)
    in application of Article 1244-1 of the French Civil Code. (ii) The attached Schedule A1 and Schedule A2 accurately set forth
    the authorized and outstanding equity of the Company and the name and number of equity securities held by each Stockholder.
    The Shares owned by the Stockholders represent, in the aggregate, 100% of the issued and outstanding equity interests in the
    Company and, each Stockholder is the owner of all right, title and interest (legal and beneficial) in and to the 

 

    	 

    	 

    

 

 

	Shares
    set forth opposite such Stockholder’s name on Schedule A2 attached hereto, free and clear of any and all Liens. The
    delivery to Buyer of the Shares sold to the Buyer by the Stockholders upon the terms and subject to the conditions set forth
    in this Agreement, will transfer to the Buyer good and valid title to all the Shares, free and clear of any and all Liens.
    There are no issued securities giving rights to the shares of the Company such as warrants (bons de souscriptions d’actions,
    stock options, bons de souscripteurs de parts de créateur d’entreprises,...). No Stockholder has any right, title
    or interest (legal or beneficial) to any equity interests of the Company or right of any kind to have any such equity interests
    issued. Except for this Agreement there are no outstanding contracts, agreements, understandings or rights to purchase or
    otherwise acquire any Stockholders’ Shares. All of the outstanding equity interests of the Company, including the Shares
    have been duly and validly authorized, fully paid and non-assessable, and none of them has been issued in violation of preemptive
    or similar rights. There are no voting trusts, proxies or any other agreements or understandings with respect to the voting
    of the equity interests of the Company. The Company is not subject to any obligation (contingent or otherwise) to repurchase
    or otherwise acquire or retire any of its interests. (b) Subsidiaries and Investments At all times prior to the date hereof,
    the Company has not had any subsidiaries. The Company does not own, directly or indirectly, any shares, equity, debt, stock
    or other interest in, or any equity or debt or other security issued by, any other Person. (c) Financial Statements (i) Schedule
    4(c) attached hereto contains the audited financial statements of the Company as of the Accounts Date (the “Reference
    Accounts”) and the annual audited financial statements of the Company as of 31 December 2015 (the “2015 Financial
    Statements”), including all annexes required to be prepared in connection therewith by the Relevant Accounting Standard
    and with respect to the 2015 Financial Statements, the statutory auditors report (the Reference Accounts and the 2015 Financial
    Statements are collectively referred to as the “Financial Statements”); (ii) The Financial Statements: (A) are
    correct and complete and are based upon and consistent with information contained in the books and records of the Company
    (which books and records are in turn correct and complete); and (B) fairly present the financial condition, assets, liabilities
    and results of operations of the Company as of the times and for the periods referred to therein in accordance with the Relevant
    Accounting Standards of the Company and in compliance with the provisions of Article L.123-14 of the French Commercial Code
    or any applicable Laws; and (C) have been prepared in accordance with the Relevant Accounting Standards of the Company. (D)
    the 2015 Financial Statements have been certified without qualification by the statutory auditors; (E) All Liabilities of
    the Company, whether contingent or not, are duly reflected in its Reference Accounts and are adequately provided for or reserved
    against in the

 

    	 

    	 

    

 

 

	Reference
    Accounts, to the extent they must be so reflected and/or reserved in compliance with the Relevant Accounting Standards. (d)
    Tax Matters The Company has always duly and timely complied with all applicable Laws regarding Taxes in all material respects.
    In particular: (i) The Company has timely filed all Tax Returns and notices and information in respect of any Taxes which
    are required to be filed by it, and all such Tax Returns (including DAS2 forms), notices and information are and remain true,
    complete and accurate in all material respects; (ii) The Company has timely withheld and paid over to the appropriate taxing
    authority all Taxes which the Company is required to withhold from amounts distributed, paid or owing to any Stockholder,
    employee or other Person; (iii) The Company was entitled to use Tax losses or Tax credits (e.g. credit impôt recherche)
    that it deducted from its taxable profits when it computed any Tax liability or received in cash, as set forth in its Tax
    Returns; (iv) To the Knowledge of the Stockholders, the Company has all returns and documents necessary to justify the existence
    and the amount of any Tax losses to be carried forward or any tax credits that the Company may benefit from; (v) The Company
    has always complied with VAT rules; (vi) The Company is and has at all times been exclusively resident of France for Tax purposes
    and subject to Tax in France, has not engaged in a trade or business, has not had a permanent establishment (within the meaning
    of an applicable Tax treaty), or otherwise been subject to taxation, in any country other than France, nor the Company has
    been, liable to make any filings or registrations, maintain any Tax records, or account for any material Tax in any other
    jurisdiction other than France; (vii) There are no, and, to the Knowledge of the Stockholders, there is no ground for any
    actions, disputes, suits, proceedings or audits or any notices of inquiry with respect to any of the foregoing pending against
    or with respect to the Company regarding Taxes. (e) Intellectual Property (i) Schedule 4(e) contains a complete and accurate
    list of all Registered Intellectual Property. All Intellectual Property owned by (or exclusively licensed to) the Company
    is valid, subsisting and enforceable. (ii) The Company exclusively owns and possesses, all legal and beneficial right, title
    and interest in and to, or has a valid and enforceable written license to use, all Intellectual Property that is used in and
    necessary for the operation of the Business (collectively, the “Company Intellectual Property”), free and clear
    of all Liens. (iii) Except as disclosed in Schedule 4 (e) (iii) the Company Intellectual Property is not subject to cancellation
    for non-use. 

 

    	 

    	 

    

 

 

	(iv)
    Except as disclosed in Schedule 4 (e) (iv) and to the Knowledge of the Stockholders, the operation of the Business does not
    infringe or otherwise conflict with or make unauthorized use of the Intellectual Property of any third party, and neither
    the Stockholders nor any member of the Company have received any notices, requests for indemnification from any third party
    related to the foregoing. (v) To the Knowledge of the Stockholders, no third party infringing or otherwise conflicting with
    or making unauthorized use of the Company Intellectual Property. (vi) Except as disclosed in Schedule 4 (e)(iii), the Company
    has taken all actions reasonably necessary to maintain and protect all of the Company Intellectual Property. (f) Customers
    As of 31 August 2016, the number of paying customers was at least sixteen thousand (16,000) and the Company has their email
    addresses. (g) Contracts and Commitments There is no agreement or arrangement whether or not in writing entered by the Company
    with a marketing services provider: (i) which was entered into otherwise than at arm's length; (ii) which contains any commitment
    after 31st December 2016. All commercial relationships which have been terminated by the Company with any of its
    commercial partners (marketing services providers, suppliers, etc.) have been terminated in compliance with all applicable
    contractual provisions and all applicable laws (in particular Article L.442-6 of the French Commercial Code) and none of these
    terminations will give rise to any liability of the Company, nor any criminal or administrative sanction. (h) Business The
    Company is permitted and authorized to carry on business in all of the jurisdictions where it is operating, which jurisdictions
    constitute all of the jurisdictions in which the ownership of properties or the conduct of the Business requires the Company
    to be so qualified. The Company has all requisite corporate power and authority and all licenses, permits and authorizations
    necessary to own and operate its assets and to carry on the Business as now conducted and as proposed to be conducted as of
    the date hereof. (i) Information Technology, Data and Data Records (i) Schedule 4 (i)(i) contains a complete and accurate
    list of all third-party Software (including Open Source Software) used in and necessary for the operation of the Business.
    The Company has a valid and enforceable written license to use each third-party Software listed in Schedule 4 (i)(i), which
    fully covers the past and current use of such third-party Software by the Company in the operation of the Business. (ii) Except
    as disclosed in Schedule 4 (i)(i), the Company is the sole legal and beneficial owner, free and clear of all Liens, of all
    Intellectual Property pertaining to Software used in and necessary for the operation of the Business. 

 

    	 

    	 

    

 

 

	(iii)
    All employees or independent contractors (including all former employees and independent contractors) who have created Software
    in the course of their employment or services provided to the Company have validly assigned to the Company all of their Intellectual
    Property rights in such Software, whether by operation of law or by enforceable agreements. (iv) No Open Source Software is
    contained in the business critical or proprietary Software of the Company on terms or on the basis that would oblige the Company
    to make available or disclose the source code of its proprietary Software. (v) No Software used in and necessary for the operation
    of the Business contains, is derived from, is distributed with, or is being or was developed using Open Source Code that is
    licensed under any terms that: a) Impose or could impose a requirement or condition that any proprietary Software of the Company
    or part thereof (i) be disclosed or distributed in source code form, (ii) be licensed for the propose of making modifications
    or derivative works, (iii) be redistributable at no charge; or b) Otherwise impose or could impose any other material limitation,
    restriction, or condition on the right or ability of the Company to use or distribute any of its proprietary Software or to
    enforce Intellectual Property. (vi) The Company exclusively owns and possesses all legal and beneficial right, title and interest
    in and to, or has a valid and enforceable written license to use, all hardware (including network and telecommunications equipment)
    that is used in and necessary for the operation of the Business, free and clear of all Liens. (vii) Except as disclosed in
    Schedule 4 (i)(vii), the Company has fully complied at all material times and currently fully complies with material Data
    Protection Legislation including: a) The requirements relating to notification and/or registration of processing of personal
    data with any applicable national data protection regulator; b) All subject information requests from data subjects; c) Where
    necessary, the obtaining of consent to data processing and/or direct marketing activity; d) Where necessary, the obtaining
    of any approval, consultation and/or agreement of any applicable works councils or such similar worker representation bodies;
    e) The requirements relating to the sale and/or rent of customers databases. In particular, since 1st June 2016
    the Company has not sold, rented or otherwise communicated to a third party all or part of its customers database (including
    customers’ phone numbers). (viii) Except as disclosed in Schedule 4 (i)(viii), the Company has not received any notice
    or complaint from any individual, third party and/or regulatory authority alleging non-compliance with Data Protection Legislation
    or claiming compensation for an injunction in respect of non-compliance with Data Protection Legislation. 

 

    	 

    	 

    

 

 

	(j)
    Litigation Except as disclosed in Schedule 4 (j), there are no actions (including arbitration proceedings), orders, charges,
    complaints, formal grievances, governmental investigations or inquiries or claims pending or, to the Knowledge of the Stockholders,
    threatened against or affecting the Company, or before or by any Governmental Authority, and to the Knowledge of the Stockholders,
    there is no basis for any of the foregoing. Except as disclosed in Schedule 4 (j), the Company is not subject to any outstanding
    injunction, judgment, order, decree or charge of any Governmental Authority. With regard to the CNIL pending investigations
    as disclosed in Schedule 4(j), the Company has done an accurate risk assessment and has constituted appropriate and sufficient
    provisions to fully cover the risk at stake. (k) Employees (i) With respect to the Company except as set forth in Schedule
    4(k)(i), there are no collective bargaining agreements or relationships with any labor organization save for such collective
    bargaining agreements that must be applied consistent with legal obligations;: (ii) The Company, in all material respect,
    has comply and has always comply with and fully performed its obligations under the collective bargaining agreements set forth
    in Schedule 4(k)(i). The Company is and has been, in all material respect, in compliance with all applicable Laws relating
    to labor and social security laws. (iii) All amounts owing to any managers or employees of the Company (including under benefit
    plans or retirement reimbursements) for all periods ending on or prior to the Closing Date will have been timely paid in full
    or have been fully reserved for or provided as off-balance sheet commitments in the Reference Accounts. (iv) Schedule 4(k)(iv)
    provides a true and complete list of the employees or managers whose employment contracts have begun or have been terminated
    with the Company from 1st January 2013 to 30 June 2016. The Company has no outstanding liabilities or obligations towards
    its former employees or managers, including under such settlement agreements. (v) To the Knowledge of the Stockholders, there
    is no Person who may be entitled to claim that his or her current or former consulting or contractor relationship with the
    Company constitutes an employee-employer relationship except as disclosed in Schedule 4 (k)(v). (vi) The authors’ rights
    with regards to creations have been duly transferred to the Company by the employees. (l) Affiliate Interests Except as disclosed
    in Schedule 4 (l), no director, officer or Stockholder of the Company has directly or indirectly any agreement with the Company
    or any interest in any property (real, personal or mixed, tangible or intangible) used in or pertaining to the Business, except
    solely as a Stockholder or employee. (m) No fraudulent activity The Company has not performed any fraudulent activity, nor
    has it created fake profiles nor fake messages in order to induce customers except profiles have been created for beta testing
    only. 

 

    	 

    	 

    

 

 

	(n)
    Interim Period From 1st July 2016 up until the Closing Date, except as provided in or contemplated by this Agreement,
    the Company conducted its Business in the Ordinary Course of Business. Providers were paid by the Company and customers paid
    the Company as customary and the Ordinary Course of the Business. There are no unpaid invoices which should have been paid
    in the Ordinary Course of the Business and no invoices that have not been accounted in the Ordinary Course of the Business
    as of 30 September 2016 except as set forth in Schedule 4 (n)1. From 1st July 2016 up until the Closing Date, except
    as set forth in Schedule 4 (n)2 and in the Ordinary Course of Business, there has not been: a) any Distribution and any transfer
    of assets from the Company to any third party; b) any waiver, deferral or release by the Company of any amount or obligation
    owed or due to the Company by any third party; c) any assumption, indemnification or discharge of any liability (including
    in relation to any recharging of costs of any kind) of any third party by the Company; d) any repayment of principal or interest
    on any financial debt or any payment, amendment or agreement by the Company in relation to any of its borrowing or indebtedness
    owed to any third party that is not in ordinary course of business; e) any substantial changes to any trading arrangements
    between the Company and any third party; and f) any undertaking to do any of the foregoing. (o) Other representations The
    Stockholders make no other representations and warranties, whether express or implied, other than those contained in this
    Agreement. (p) No hidden information The Stockholders have not omitted to disclose to the Buyer any material facts and/or
    material information above whatsoever which may have caused the Buyer not to purchase the Shares, nor to perform the Transaction
    under the terms set forth herein. Section 5. Representations and Warranties of the Stockholders concerning the Stockholders
    As a material inducement to the Buyer to enter into and perform its obligations under this Agreement, as of the date hereof,
    each Stockholder, acting neither jointly nor severally and for its own account only (chacun pour ce qui le concerne et ni
    conjointement ni solidairement), represents and warrants to the Buyer as follows: (a) Authorization of Transaction The execution,
    delivery and performance by such Stockholder of this Agreement and each other agreement, document or instrument or certificate
    contemplated hereby to which such Stockholder is a party and the consummation of the transactions contemplated hereby and
    

 

    	 

    	 

    

 

 

	thereby
    have been duly and validly authorized by all requisite action and it has full power to enter into and perform its obligations
    under this Agreement and each document to be executed by it at or before Closing. (b) Non-contravention Neither the execution
    and the delivery of this Agreement and each other agreement, document or instrument or certificate contemplated hereby to
    which such Stockholder is a party nor the consummation of the transactions contemplated hereby and thereby shall (i) violate
    law or other restriction to which such Stockholder is subject or (ii) result in a breach or acceleration of or create in any
    party the right to accelerate, terminate, modify, or require any notice under any agreement, or other arrangement by which
    such Stockholder is bound or to which any of such Stockholder’s assets are subject. (c) Due Incorporation Each Stockholder
    that is a limited company is duly organized and validly existing under the laws of its country of incorporation and has been
    in continuous existence since incorporation. (d) Litigation There are no actions (including arbitration proceedings), orders,
    charges, complaints, grievances, governmental investigations or inquiries or claims pending or threatened against or affecting
    such Stockholder, at law or in equity, or before or by any federal, state, municipal or other governmental department, commission,
    board, bureau, agency or instrumentality, domestic or foreign, which would adversely affect such Stockholder’s performance
    under this Agreement, the other agreements contemplated hereby to which such Stockholder is a party or the consummation of
    the transactions contemplated hereby or thereby. (e) Ownership and Liens Each Stockholder is the owner of all right, title
    and interest (legal and beneficial) in and to the Shares set forth opposite such Stockholder’s name on Schedule A2 attached
    hereto, free and clear of any and all Liens. Section 6. Representations and Warranties of the Buyer As a material inducement
    to the Stockholders to enter into and perform their obligations under this Agreement, as of the Closing Date, the Buyer represents
    and warrants to the Stockholders that: (i) the execution, delivery and performance by the Buyer of this Agreement and each
    other agreement, document or instrument or certificate contemplated hereby to which the Buyer is a party and the consummation
    of the transactions contemplated hereby or thereby have been duly and validly authorized by all requisite corporate action,
    and no other corporate act or proceeding on the part of the Buyer, its board of directors or stockholders is necessary to
    authorize the execution, delivery or performance of this Agreement or each other agreement, document or instrument or certificate
    contemplated hereby to which the Buyer is a party or the consummation of the transactions contemplated hereby or thereby.
    (ii) This Agreement has been duly executed and delivered by the Buyer and this Agreement constitutes, and each other agreement,
    document or instrument or certificate contemplated hereby to 

 

    	 

    	 

    

 

 

	which
    the Buyer is a party upon execution and delivery by Buyer will each constitute, a valid and binding obligation of the Buyer,
    enforceable in accordance with their terms. (iii) The Buyer is duly organized and validly existing under the laws of its country
    of incorporation and has been in continuous existence since incorporation. From and after the Closing Date, the Buyer shall
    indemnify fully and hold harmless the Stockholders from and against any losses actually suffered by the Stockholders as a
    direct result of any material inaccuracy or breach of any representation or warranty made by the Buyer contained in Section
    6, or any material breach of any covenant, agreement or other undertaking of the Buyer contained in this Agreement. Any indemnity
    owed by the Buyer to the Stockholders under this Section 6 shall be paid to the Stockholders’ Representative who shall
    be in charge of allocating such indemnity among the Stockholders. Section 7. Indemnification (a) Survival All of the representations,
    warranties, covenants and agreements set forth in this Agreement shall survive the Closing and the consummation of the transactions
    contemplated hereby (regardless of any investigation by or on behalf of the damaged Party or the acceptance of any certificate)
    and shall continue in full force and effect. Notwithstanding the foregoing or anything to the contrary contained herein, no
    Party shall be entitled to recover for any Loss arising from or relating to a breach or alleged breach of representations
    and warranties set forth in Sections 4, 5, or 6, unless written notice thereof is delivered to the other Parties on or prior
    to the Applicable Limitation Date. For purposes of this Agreement, the term “Applicable Limitation Date” shall
    be the date that is twenty four (24) months following the Closing Date; provided that the Applicable Limitation Date (i) with
    respect to any Loss arising from or related to a breach or alleged breach of the Fundamental Representations shall be the
    date that is thirty (30) days following the date of expiration of the applicable statute of limitations for the subject matter
    of such representations and warranties, (ii) with respect to any Loss arising from or related to a breach of representations
    and warranties of the Stockholders contained in Section 4 relating to Tax matters shall be the date of expiration of the applicable
    statute of limitations applicable to the underlying Tax, and at the latest on 31 December 2019 (iii) with respect to the Locked
    Box Indemnity (as defined below) shall be the end of the sixty (60) day-period following the approval of the audited financial
    statements of the Company for financial year 2016 and at the latest on 31 August 2017). Nothing in this Agreement has the
    effect of limiting or restricting any Loss of any of the Parties in respect of any claim under any of the warranties herein
    based upon fraud or fraudulent concealment by or resulting from any criminal activity of any such Party. 

 

    	 

    	 

    

 

 

	(b)
    Indemnification (i) The Stockholders, severally but not jointly (conjointement mais sans solidarité entre eux), agree
    to pay to the Buyer on a euro-per-euro basis, the amount of any claim, direct loss, Liability, direct damage (but excluding
    any indirect, incidental, special or consequential damage or loss) or expense, including reasonable legal expenses therewith
    which the Buyer or the Company may suffer (each a “Loss”), sustain or become subject to as a result of: (A) any
    inaccuracy or breach of any representation or warranty given by the Stockholders as set forth in Section 4 and in any representation
    and warranty given by the Stockholders in Section 1 (g) with respect to Leakage which relates to any fact or event having
    its source or origin prior to the date hereof. (B) any breach of any covenant or obligation of the Stockholders contained
    in this Agreement, whether requiring performance before or after the Closing Date; (C) any claim by any current or past holder
    of the Shares, including as a result of any distribution of the Purchase Price Each Stockholder, acting neither jointly nor
    severally and for its own account only (chacun pour ce qui le concerne et ni conjointement ni solidairement) agree to pay
    to the Buyer on a euro-per-euro basis the Loss sustain or become subject to as a result of any inaccuracy or breach of any
    representation or warranty given by the Stockholders as set forth in Section 5 and which relates to any fact or event having
    its source or origin prior to the date hereof. Any Claim which could be made under several representations or warranties or
    indemnification shall be deemed to form one single claim in order to avoid double recovery. Any amount payable to the Buyer
    by any Stockholder pursuant to this Section 7(b) shall be paid within twenty (20) Business Days after the determination thereof
    or in case of a contested Claim or Third Party Claim, within twenty (20) Business Days after the date on which it shall have
    been finally determined to be payable (as a result of a final non-appealable judgment of a court of competent jurisdiction,
    a final non-appealable decision of an arbitral tribunal or a binding settlement or other agreement among the relevant parties)
    in accordance with this Agreement and shall be satisfied first from the Earn Out and the June 2017 Deferred Purchase Price
    (first from the First Tranche of the Earn Out and second from the June 2017 Deferred Purchase Price and then from the Second
    Tranche of the Earn Out) and second, directly from the Stockholders. (ii) The Buyer shall indemnify and hold harmless Stockholders
    against any Losses which they may suffer, sustain or become subject to as the result of (A) a breach by the Buyer of any representation
    or warranty set forth in Section 6, or (B) the breach by the Buyer of any covenant or agreement contained in this Agreement
    or any certificate delivered by or on behalf of the Buyer at or prior to the Closing (provided that this Section 7(b)(ii)
    shall not derogate from the Buyer’s rights or recoveries pursuant to Section 7(b)(i) above). (iii) For purposes of Sections
    7(b)(i) and 7(b)(ii), in calculating the amount of any Loss with respect to any such breach, all qualifications in such representation
    or warranty referencing the terms “material”, “materiality” or other terms of similar import or effect
    shall be disregarded. 

 

    	 

    	 

    

 

 

	(iv)
    The Stockholders’ total liabilities to the Buyer for any Loss arising from or relating to a breach of the representations
    and warranties set forth in Sections 4 and 5 in the aggregate shall not exceed EUR 1,500,000 (one million five hundred thousand
    euros) less the Deductible Amount (the “Cap”), (v) Subject to Section 7 (b) (vi) below, only claims relating to
    Losses which individually (or, with respect to a series of related claims, collectively) exceed EUR 10,000 (ten thousand euros)
    (excluding taxes), shall be taken into consideration for the purposes of calculating whether the deductible (franchise) referred
    to in Section 7 (b) (vi) below is attained (the “De Minimis Threshold Amount”), it being understood that if the
    amount of such Losses shall exceed the De Minimis Threshold Amount, the Stockholders’ indemnification obligation shall
    extend to the entire amount of such Losses, including the amount of and up to the De Minimis Threshold Amount, subject to
    Section 7 (b) (vi) below (vi) The Stockholders shall not be obliged to indemnify the Buyer under Section 7 (b) (i) with respect
    to any breach of or inaccuracy of any representation and warranty unless and until the aggregate amount of all Losses exceed
    EUR 250,000 (two hundred fifty thousand euros) (excluding taxes) (the “Deductible Amount”), it being specified
    that such amount is deductible (franchise). (vii) The provisions of subsections (iv), (v) and (vi) shall not apply, to the
    extent that any such Loss arises from or relates to either criminal activity or an action or inaction that constitutes intentional
    willful gross misconduct (“faute lourde”), willful misrepresentation (“dol”) or fraud (but such Losses
    shall count towards satisfaction of the Cap) or a breach of a Fundamental Representation (and no such Losses shall count towards
    satisfaction of the Cap) or the Locked Box Indemnity (and no such Losses shall count towards satisfaction of the Cap). (viii)
    With respect to each Stockholder, in no event shall the aggregate amount of Losses to be paid by such Stockholder to the Buyer
    under this Agreement arising out of or in connection with a breach of representations and warranties contained herein exceed
    the aggregate amount paid to such Stockholder under this Agreement (including the Purchase Price and any Earn-Out) except
    willful misrepresentation (“dol”) or fraud. (ix) The Buyer shall procure that all reasonable steps are taken and
    all reasonable assistance is given to mitigate any Losses, being specified that all reasonable costs and expenses incurred
    in relation to such steps and assistance shall be borne by the Stockholders pursuant to the indemnification mechanisms of
    Section 7. (x) Any Person making a claim for indemnification under this Section 7(b) (an “Indemnified Party”)
    must give the indemnifying Party (the “Indemnifying Party”) written notice of such claim describing such claim
    and the nature and amount of the Loss, to the extent that the nature and amount thereof are determinable at such time (a “Claim
    Notice”) within forty-five (45) Business Days after the Indemnified Party receives notice from a third party with respect
    to any matter which may give rise to a claim for indemnification against the Indemnifying Party (a “Third Party Claim”)
    or otherwise discovers the liability, obligation or facts giving rise to such claim for indemnification, such period being
    reduced to ten (10) Business Days in case of a Third Party Claim related to Taxes; provided, that the failure to notify or
    delay in notifying the Indemnifying Party will not relieve the Indemnifying Party of its obligations under this Section 7(b),
    except to the extent such claim is prejudiced as a result thereof. 

 

    	 

    	 

    

 

 

	(xi)
    Any claim shall be deemed accepted by the Stockholders unless the Stockholders’ Representative (or the Buyer) shall
    have objected to the Claim Notice in a written statement (providing explanations with supporting evidence as may reasonably
    be required to assess the merits of such objection) and such statement (the "Objection Notice") shall have been
    delivered to the Buyer (or the Stockholders) prior to the expiration of a period of forty-five (45) Business Days following
    receipt of the Claim Notice. In the absence of such Objection Notice, the claim shall be deemed accepted by the Stockholders
    who shall pay the amount of the indemnification to the Buyer in accordance with the provisions of Section 7 b) (i). Should
    the Stockholders’ Representative (or the Buyer) object in writing to any claim made by the Buyer (or the Stockholders’
    representative), the Stockholders’ Representative and the Buyer shall attempt in good faith to reach an agreement with
    respect to the validity and amount of such claim. If no such agreement can be reached after good faith negotiations within
    a period of thirty (30) Business Days following the receipt by the Buyer of the Objection Notice, the dispute shall be settled
    in accordance with the provisions of Section 10 (g). (xii) From and after the delivery of a Claim Notice, at the reasonable
    request of the Indemnifying Party, the Indemnified Party shall, and, as the case may be, shall cause the Company to, grant
    the Indemnifying Party and its representatives (including professional advisors) reasonable access to the books, records,
    computerized systems, senior management, employees and premises of the Indemnified Party or of the Company to the extent reasonably
    related to the matters to which the Claim Notice relates. All such access shall be granted during normal business hours, and
    shall be granted under conditions, which will not unduly interfere with the business and operations of the Indemnified Party
    or of the Company. (xiii) Within forty-five (45) Business Days after receipt of a Claim Notice with respect to a Third Party
    Claim, the Indemnifying Party may participate, at its expense, in the defense of any Third Party Claim with counsel of its
    choice, who shall cooperate with the counsel of the Buyer or the Company. The Indemnifying Party shall exercise its rights
    with moderation, in good faith and taking into account the reasonable interests of the Company. The Indemnifying Party shall
    notify the Buyer of its intent to participate to the defense of such Third Party Claim within forty-five (45) Business Days
    such period being reduced to ten (10) Business Days in case of a Third Party Claim related to Taxes from the date of receipt
    of the Claim Notice. Failing receiving such notification within such period of time, the Indemnifying Party shall be deemed
    having waived its rights to participate to the defense of the given Third Party Claim. (xiv) If the Stockholders’ Representative
    intents to participate to a Third Party Claim, the Buyer shall or shall cause the Company to, prior to taking any action within
    the scope of legal proceedings or otherwise in handling such Third Party Claim, consult with the Stockholders’ Representative
    and, with respect to material actions, obtain the consent of the Stockholders’ Representative not to be unreasonably
    withheld or delayed. Then the Stockholders shall not be liable for any Third Party Claim which is settled or otherwise compromised
    or in respect of which any admission of liability is made without its prior written consent, which consent shall not be unreasonably
    withheld or delayed (and which consent shall be deemed to be given if the Stockholders’ Representative shall not have
    responded in writing within thirty (30) Business Days of its receipt of a request for consent by the Stockholders’ Representative).
    In case of consent unreasonably withheld, the Stockholders will be liable for all additional damages which arise in connection
    therewith. 

 

    	 

    	 

    

 

 

	(xv)
    If the Stockholders’ Representative decides not to participate to a Third Party claim, the Buyer shall or shall cause
    the Company to (x) keep the Stockholders’ Representative reasonably and promptly informed of the progress of such claim
    and its defense whether or not it participate to a Third party Claim and grant the Stockholders’ Representative prompt
    and reasonable access to material information with respect to the Third Party Claim (including copies of all material notices,
    written communications and filings (including court papers) made by or on behalf of any of the parties to the Third Party
    Claim) and (y) take due care to have the potential Loss resulting from such Third Party Claim as low as possible (including
    by not waiving, compromising or settling any right against any third party in connection with such Third Party Claim without
    prior written approval of the Stockholders’ Representative, not to be unreasonably withheld). (xvi) All payments made
    by the Stockholders pursuant to the Section 7(b)(i) may be offset by the Buyer against the Earn Out or the June 2017 Deferred
    Purchase Price in accordance with Section 1(c) (first from the First Tranche of the Earn Out and second from the June 2017
    Deferred Purchase Price and then from the Second Tranche of the Earn Out). All payments made by the Buyer pursuant to the
    Section 7(b)(ii) shall be paid to the Stockholders’ Representative, by way of irrevocable wire transfer of immediately
    available funds (in Euros) to the Nominated Account, on behalf of the Stockholders as allocated among the Stockholders prorata
    based upon Pro Rata Share, provided that the Buyer shall not be concerned with such allocation among the Stockholders. (xvii)
    For purposes of calculating the amount of Loss incurred by an Indemnified Party or the Company for purposes of this Agreement,
    such amount shall be reduced by: (A) the amount of any insurance proceeds actually paid to such Indemnified Party or the Company
    in respect of such Loss, net of any deductible amounts, any increase in premiums related thereto and any costs associated
    with obtaining such insurance proceeds, (B) the amount of any net Tax benefit granted to such Indemnified Party or the Company
    in respect of such Loss, and (C) the amount of any indemnification, contribution, and other similar payment proceeds actually
    recovered by such Indemnified Party or the Company in respect of such Loss, net of any costs associated with obtaining such
    proceeds. (xviii) Tax reassessment (i) of Tax losses to be carried forward or (ii) which only result from a change in the
    time when Tax should have been paid, shall not be deemed to be a Loss, except for all costs relating to penalties, fines and
    interest. (xix) Any claim with respect to value added tax (VAT) shall only be deemed to be a Loss if it may not be recovered
    by the Company. (xx) To the fullest extent permitted by applicable Laws, each Stockholder undertakes that he or it will not
    (and will procure that none of his or its Affiliates will) bring any claim for indemnification or other action in respect
    of negligence or otherwise against the Company (or any of its directors, officers, employees or agents) in relation to any
    matter arising (directly or indirectly) out of or in connection with any Transaction Document. (xxi) Each Stockholder hereby
    agrees, on behalf of itself and its Affiliates, that such Stockholder will not make any claim for indemnification against
    the Company by reason 

 

    	 

    	 

    

 

 

	of
    the fact that any of such Persons was an equity-holder, partner, director, officer, employee, or agent of the Company. Other
    than in the case of fraud or willful misrepresentation (“dol”) each of the Parties acknowledges and agrees that
    the indemnification provisions set forth in this Section 7 shall be the exclusive remedy of the Parties with respect to any
    breaches or alleged breaches of the representations, warranties, covenants, or agreements set forth in this Agreement, it
    being agreed that nothing herein shall limit or impair any Party’s right to obtain specific performance or other injunctive
    relief with respect to any such breach or alleged breach of any such representation, warranty, covenant, or agreement. Payment
    of any indemnity pursuant to this Section 7 and Section 8 below owned by the Stockholders to the Buyer arising from a breach
    of the representations and warranties under this Agreement shall be deemed as a reduction of the Purchase Price and equal
    to the amount of Losses, limited or reduced, as the case may be, in accordance with this Section 7. Section 8. Locked Box
    Indemnity Except for the provision disclosed in Schedule 1(g), the Stockholders shall indemnify the Buyer or the Company upon
    the Buyer’s request, from the first Euro, on a Euro-per-Euro basis, and without any limitations, in respect of any Loss
    arising in respect of any breach to the representation and warranty as set out in Section 1 (g) (the “Locked Box Indemnity”),
    it being specified that none of the exclusions and limitations set forth in Section 7 shall apply to the Stockholders ’indemnification
    under this Section 8 except Section 7 (b) (viii) and Section 7 (a) (iii). Section 9. Additional Agreements (a) Press Releases
    The Parties agree that the first public announcement (including in any trade journal or other publication) of the transactions
    contemplated hereby shall be made with the prior written consent of the Buyer and the Stockholders’ Representative.
    (b) Transaction Expenses Each Party shall be solely responsible for and shall bear all of its own costs and expenses incident
    to its obligations under and in respect of this Agreement and the transactions contemplated hereby. It being specified that
    such cost and expenses to be borne by the Stockholders shall be paid from the Nominated Account and deducted of the amounts
    to be allocated to the Stockholders. (c) Confidentiality The Parties shall keep, and shall cause each of their respective
    Affiliates, employees, advisors, agents and representatives to keep, confidential all information and materials regarding
    any other Party. Neither Party shall, nor shall not permit its Affiliates, trustees, advisors, representatives and agents
    to, disclose the terms and provisions of this Agreement without the prior written consent of the other Parties. 

 

    	 

    	 

    

 

 

	(d)
    Further Assurances As a material obligation of each Party to consummate the transactions contemplated by this Agreement, from
    time to time after the Closing, each Party shall at its own expense (i) cooperate with the other Party, (ii) perform any further
    act and (iii) execute and deliver such documents or instruments as may be reasonably requested by the other Parties to this
    Agreement in order to effectuate any transaction, act or agreement contemplated by this Agreement. (e) Release Effective upon
    the Closing, except with respect to a claim (i) arising out of this Agreement, or (ii) for indemnification under the Company’s
    organizational documents, so long as such claim for indemnification does not arise out of any matter indemnified under Section
    7 hereof, each Stockholder, on behalf of itself and its assigns and heirs, hereby unconditionally and irrevocably waives,
    releases and forever discharges the Company and each of its past and present directors, officers, employees, agents, predecessors,
    successors, assigns, equity holders, partners and insurers from any and all Liabilities of any kind or nature whatsoever,
    in each case whether absolute or contingent, liquidated or unliquidated, known or unknown, such Stockholder shall not challenge
    the approval of the Buyer as shareholder of the Company, including with respect to the approval procedure provided for in
    the article 12 of the by-laws of the Company, and such Stockholder shall not seek to recover any amounts in connection therewith
    or thereunder from the Company. Each Stockholder understands that this is a full and final release of all claims, demands,
    causes of action and Liabilities of any nature whatsoever, whether or not known, suspected or claimed, that could have been
    asserted in any legal or equitable proceeding against the Company, except as expressly set forth in this Section 9(e). Each
    Stockholder represents that it is not aware of any claim by it other than the claims that are waived, released and forever
    discharged by this Section 9 (e). (f) Non-Competition; Non-Solicitation; Non-Disparagement (i) Acknowledgement The provisions
    of this Section 9(f) are made with the intention of assuring the Buyer the benefit and value of the goodwill of the Company
    and as a constituent part of the agreement for the sale of the Shares. Accordingly, the concerned Parties agree that the restrictions
    contained in this Section 9(f) are reasonable and necessary for the protection of the legitimate interests of the Buyer and
    that the restrictions do not work harshly on it. (ii) Non-Competition As a material inducement to the Buyer to enter into
    and perform its obligations under this Agreement, during the Restricted Period, Mr. Ludovic Huraux, on behalf of itself and
    its Affiliates, agrees not to, without prior written consent of the Buyer not to be unreasonably withheld or delayed, directly
    or indirectly, own, operate, manage, control, act as consultant or advisor to (alone or in association with any Person) or
    otherwise assist in any manner, any customer or any Person that engages in or owns, invests in, operates, manages or controls
    any venture or enterprise which directly or indirectly engages or proposes to engage in activities competitive with the Business
    in the following countries: France, Belgium, Switzerland, Luxembourg, United States, Canada, United Kingdom, Australia, Spain
    and Germany provided that the provisions of this Section 9(f)(ii) shall not prohibit Mr. Ludovic Huraux from (i) performing
    any services for the Company and (ii) performing its independent activities (as corporate officer and stockholder) with respect
    to the companies of Shapr Group as long as it does not compete with the Business. If the final 

 

    	 

    	 

    

 

 

	judgment
    of a court of competent jurisdiction declares that any term or provision of this Section 9(f)(ii) is invalid or unenforceable,
    the Parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce
    the scope, duration or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable
    term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention
    of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. (iii) Non-Solicitation
    Unless agreed in written by the Buyer, Mr. Ludovic Huraux agrees that, during the Restricted Period, it or he shall not, and
    shall cause its Affiliates not to, directly or indirectly contact, approach or solicit for the purpose of offering employment
    to or hiring (whether as an employee, consultant, agent, independent contractor or otherwise) or actually hire any Person
    employed by the Company and engaged in activities competitive with the Business (as presently conducted and as conducted on
    the Closing Date), without prior written consent of the Buyer not be unreasonably delayed; provided that the provisions of
    this Section 9 (f) (iii) shall not apply after a 6 month-period from the date on which a Person ceased to be employed by the
    Company. (iv) Non-Disparagement Each Stockholder agrees that, during the Restricted Period, it shall not disparage, defame
    or discredit any member of the Company, the Buyer, or any of its Affiliates. (v) Remedy for Breach The concerned Parties acknowledge
    and agree that in the event of a breach or alleged breach by such Person of any of the provisions of this Section 9(f), monetary
    damages shall not constitute a sufficient remedy. Consequently, in the event of any such breach or alleged breach, Buyer,
    the Company or their respective successors or assigns may, in addition to other rights and remedies existing in their favor,
    apply to any court of law for specific performance, injunctive relief, or both, or any other equitable remedies available
    to enforce or prevent any violations of the provisions hereof. (g) Stockholders’ Representative Each Stockholder hereby
    authorizes, directs and appoints Mr. Ludovic Huraux to act as sole and exclusive agent and representative (the “Stockholders’
    Representative”) and authorizes and directs the Stockholders’ Representative to, with the right to appoint any
    other attorney for that purpose, as its/his agent (mandataire) and attorney in fact in connection with all matters arising
    under or in connection with this Agreement and the transactions contemplated hereby (and especially enter into, sign and perform
    any share transfer form (ordre de mouvement) or Cerfa form for the purpose of registration of the sale of the Shares with
    the tax administration), (i) take any and all actions (including, without limitation, executing and delivering any documents,
    incurring any costs and expenses on behalf of the Stockholders and making any and all determinations) which may be required
    or permitted by this Agreement to be taken by the Stockholders, (ii) exercise such other rights, power and authority, as are
    authorized, delegated and granted to the Stockholders’ Representative pursuant to this Agreement, 

 

    	 

    	 

    

 

 

	(iii)
    receive the entire amount of the Purchase Price payable hereunder on the Nominated Account and allocate such Purchase Price
    amongst the Stockholders (as he case may be after payment of any expenses (including, without limitation, reasonable attorneys’
    fees and expenses) paid or incurred by the Stockholders’ Representative in connection with the performance of its obligations
    as Stockholders’ Representative and in no event exceed the aggregate amount already paid to each Stockholder under this
    Agreement) and (iv) exercise such rights, power and authority as are incidental to the foregoing. Any such actions taken,
    exercises of rights, power or authority, and any decision or determination made by the Stockholders’ Representative
    consistent therewith, shall be absolutely and irrevocably binding on each Stockholder as if such Stockholder, as applicable,
    personally had taken such action, exercised such rights, power or authority or made such decision or determination in such
    holder’s capacity. Each Stockholder agrees that the Stockholders’ Representative shall not be liable for any actions
    taken or omitted to be taken under or in connection with this Agreement or the transactions contemplated hereby or thereby,
    except for such actions taken or omitted to be taken resulting from the Stockholders’ Representative’s willful
    misconduct. Furthermore, each Stockholder shall be liable, severally but not jointly (conjointement mais sans solidarité
    entre eux), pro rata based upon such Stockholder’s Pro Rata Share, for any expenses (including, without limitation,
    reasonable attorneys’ fees and expenses) paid or incurred by the Stockholders’ Representative in connection with
    the performance of its obligations as Stockholders’ Representative, including in the defense of any indemnification
    claim brought against the Stockholders under Section 7. Each of the Stockholders agrees that the assignment of the Stockholders’
    Representative may be terminated at any time by the Stockholders’ Representative by giving written notice of such termination
    to the other Parties; provided, however, that such termination shall not be effective vis-á-vis the Buyer unless and
    until five (5) Business Days after a new Person is notified to the Buyer as the Stockholders’ Representative, and who
    shall comply with the full requirements of such mandate. If the Stockholders’ Representative dies, becomes disabled
    or otherwise unable to fulfill his responsibilities hereunder, a successor to the Stockholders’ Representative shall
    be appointed by the Stockholders within thirty (30) Business Days of such death or disability and the Stockholders shall immediately
    thereafter notify the Buyer of the identity of such successor. The Stockholders' Representative shall inform the Stockholders
    forthwith of any notices it receives from the Buyer pursuant to this Agreement. The Buyer hereby agrees that the Stockholders’
    Representative, in its capacity of representative of the Stockholder, will have no liability of any kind to the Buyer or the
    Company. (h) Transfer Taxes All transfer, documentary, sales, use, stamp, registration, conveyance or similar Taxes or charges
    arising out of the transactions contemplated hereby and all charges for or in connection with the recording of any document
    or instrument contemplated hereby shall be paid by the Buyer. 

 

    	 

    	 

    

 

 

	(i)
    Webmail and phone The Buyer undertakes that the Company does not terminate the subscription contract for the cell phone n°
    +33 6 31 10 82 45 provided that (i) Mr. Ludovic Huraux and the Company shall transfer such cell phone number (and the related
    contract) to himself or a company of Shapr Group as soon as possible and no later than 31 December 2016, and (ii) the Company
    will charge Mr. Ludovic Huraux or a company of Shapr Group for the related costs. The Buyer will provide its consent in due
    course for such transfer. The Buyer undertakes that the Company does not cancel Mr Ludovic Huraux’s e-mail address (ludovic.huraux@attractiveworld.com)
    and to activate as from today and until 31 December, 2016 an absence message in terms to be agreed between the Buyer and Mr.
    Ludovic Huraux and furthermore undertake to give Mr. Ludovic Huraux access to his mailbox, being provided that Mr. Ludovic
    Huraux shall not be authorized to send any messages out from this mail box. Section 10. Miscellaneous (a) Entire Agreement
    Except as otherwise provided herein, this Agreement (including the documents referred to herein) constitutes the entire agreement
    among the Parties and supersedes any prior understandings, agreements or representations by or among the Parties, written
    or oral, that may have related in any way to the subject matter hereof. (b) Successors and Assigns This Agreement shall be
    binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No
    Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written
    approval of the other Parties; provided that Buyer may (i) assign any of its rights and interests hereunder to any of its
    Subsidiaries and (ii) assign its rights under this Agreement to any lender financing the transaction contemplated in the Agreement
    (or agent on behalf of such lenders) as collateral security for the obligations of Buyer to such lenders. (c) Execution This
    Agreement is executed and delivered by the Parties on the date stated at the beginning of this Agreement. This Agreement may
    be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute
    one and the same instrument. (d) Headings The section headings contained in this Agreement are inserted for convenience only
    and shall not affect in any way the meaning or interpretation of this Agreement. (e) 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 received when (i) delivered personally to the recipient (as evidenced by the acknowledgment
    of receipt), (ii) delivered to the recipient through other electronic means (including by electronic 

 

    	 

    	 

    

 

 

	mail)
    (provided that delivery is confirmed promptly thereafter by a delivery receipt), or (iii) one Business Day after it is sent
    to the recipient by registered letter with acknowledgment of receipt or by a reputable express courier service (charges prepaid)
    and confirmed by email, and addressed to the intended recipient as set forth below: If to the Stockholders’ Representative:
    Ludovic Huraux 1 rue du Pont de Lodi 75006 Paris +33 6 31 10 82 45 ludovic@shapr.net and ludovichuraux@hotmail.com with a
    copy (which shall not constitute notice) to: Chammas & Marcheteau Antonin Cubertafond 18 rue de Vienne 75008 Paris FRANCE
    01 53 42 42 50 acubertafond@lcdmavocats.com lchammas@lcdmavocats.com If to Buyer: Jeronimo Folgueira Affinitas GmbH Kohlfurter
    Straẞe 41/43 10999 Berlin, Germany legal@affinitas.de with copies (which shall not constitute notice) to: Nicolas de
    Witt Taylor Wessing France 69 avenue Franklin D. Roosevelt 75008 Paris, France n.dewitt@taylorwessing.com Any Party may send
    any notice, request, demand, claim or other communication hereunder to the intended recipient at the address or facsimile
    number set forth above using any other means, but no such notice, request, demand, claim or other communication shall be deemed
    to have been duly given unless and until it actually is received by the intended recipient. Any Party may change the address
    or facsimile number to which notices, requests, demands, claims and other communications hereunder are to be delivered by
    giving the other Parties notice in the manner herein set forth. (f) Governing Law This Agreement hereby shall be governed
    by and construed in accordance with French Law. 

 

    	 

    	 

    

 

 

	(g)
    Jurisdiction Any dispute, controversy or claim arising out of or relating to this Agreement, including any question regarding
    its existence, validity or termination, shall be referred to the Tribunal de Commerce de Paris. (h) Amendments and Waivers
    No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by each of the
    Parties hereto. All waivers of rights under this Agreement shall be valid only if made in writing. (i) Incorporation of Appendices,
    Exhibits and Schedules The appendices, exhibits and schedules identified in this Agreement are incorporated herein by reference
    and made a part hereof. * * * * * 

 

    	 

    	 

    

 

 

	IN
    WITNESS WHEREOF, the Parties have executed and delivered this Securities Purchase Agreement on the date stated at the beginning
    of this Agreement. The Parties specifically agree and acknowledge that, waiving the provisions of the first sentence of Article
    1325 of the French Civil code, and in accordance with the second sentence of Article 1325 of the French Civil code, the following
    Parties will only receive the number of original copies of the Agreement set forth hereunder: - Affinitas, one (1) original
    copy; - Attractive Invest and Mr. Ludovic Huraux, one (1) original copy; - M. Georges Chryssostalis, one (1) original copy;
    - Mr. Rodolphe Ferreira, one (1) original copy; - Mr. Nicolas Hermann, one (1) original copy; - Financiere Bernard Vaissade,
    Mr. Dominique Montel, Mr Bernard Montel, Financiére Bernard Montel and Mr. Bernard Vaissade, together, one (1) original
    copy; - H Invest Groupe SA, one (1) original copy; - Initial Concept SA, one (1) original copy; - Mr. Francesco Maio, one
    (1) original copy; - Mr. Marc Menasé, one (1) original copy; - Mr. Steve Savioz, one (1) original copy; - All the others
    Stockholders, together, one (1) original copy; - The Stockholders’ Representative, one (1) original copy; Consequently
    the Agreement shall be executed, signed and delivered in thirteen (13) original copies. The issuance of such thirteen (13
    original copies shall be sufficient in terms of validity and proof, which all Parties hereby irrevocably accept. in thirteen
    (13) original copies STOCKHOLDERS (as listed in Schedule A1): /s/ Ludovic Huraux By: Ludovic Huraux Attorney in fact BUYER:
    Affinitas By: Name: Michael Schrezenmaier Title: Managing Director Name: Jeronimo Folgueira Title: Managing Director

 

    	 

    	 

    

 

 

    	 

    	 

    

 

 

    	 

    	 

    

 

 

    	 

    	 

    

 

 

    	 

    	 

    

 

 

	Schedule
    B - Definitions “Accounts Date” means 30 June 2016. “Agreement” shall have the meaning set forth in
    the preamble. “Affiliate” means, in relation to any corporate body, any Person which is from time to time a subsidiary
    or holding company of that body corporate or of such subsidiary or holding company as the case may be. “Applicable Limitation
    Date” shall have the meaning set forth in Section 7(a). “Business” means the activity of the Company which
    operates, in France, Luxemburg, Belgium and Switzerland, a premium dating website and a premium dating mobile applications.
    “Business Day” means any day other than a Saturday or Sunday, when French banks are open for business. “Buyer”
    shall have the meaning set forth in the preamble. “Cash” means the aggregate amount for the Company of the following
    items, as of the close of business on the specific date concerned and in accordance with the Relevant Accounting Standard:
    (a) all cash credited to the Company and readily available; and (b) the net book value of all investments in money market
    and similar funds comprised substantially of marketable securities (including SICAV), readily available at no condition within
    three (3) months of the specific date concerned; and (c) deposits related to real estates leased by the Company. “Cap”
    shall have the meaning set forth in Section 7(b)(iv). “Claim Notice” shall have the meaning set forth in Section
    7(b)(x). “Closing” shall have the meaning set forth in Section 1(d). “Closing Date” shall have the
    meaning set forth in Section 1(d). “Closing Purchase Price” means have the meaning set forth in Section 1(b)(ii).
    “Company” shall have the meaning set forth in the preamble. “Company Intellectual Property” shall
    have the meaning set forth in Section 4(e)(ii). 

 

    	 

    	 

    

 

 

	“Data
    Protection Legislation” means any data protection and privacy legislation applicable to the Company’s Business.
    “Deductible Amount” shall have the meaning set forth in Section 7(b)(iv). “De Minimis Threshold Amount”
    shall have the meaning set forth in Section 7(b)(iv). “Distribution” means any distribution, exceptional or not,
    including dividends, profits, reserves or retained earnings, in cash or in kind, including any redemption or reduction of
    share capital by refund, amortization or other means, whether on an equal basis or not. “Earn Out” shall have
    the meaning set forth in Section 1. “Financial Statements” shall have the meaning set forth in Section 4(c). “Free
    Shares” means the 120 (one hundred twenty) Shares hold by the Incentive Stockholders “Fundamental Representations”
    means the representations and warranties set forth in Sections 4(a) Organization Capitalization Shares 4(b) Subsidiaries and
    Investments, and Section 5. “Governmental Authority” means a national or local or foreign government or other
    political subdivision thereof or any court, administrative or regulatory agency or commission or other governmental authority
    or agency (including the Information Commissioner’s Office), domestic or foreign. “Incentive Stockholders”
    means Mrs Sophie Hebert, Mr Julien Duvignau, Mr Antoine Batsalle and Mr Bruno Gourdet “Indemnified Party” shall
    have the meaning set forth in Section 7(b)(x). “Indemnifying Party” shall have the meaning set forth in Section
    7(b)(x). “Intellectual Property” means all intellectual property and proprietary rights throughout the world,
    including (i) all patents, patent applications, patent disclosures, and inventions and all improvements thereto (whether or
    not patentable or reduced to practice), and all reissues, continuations, continuations-in-part, revisions, divisional, extensions,
    and reexaminations in connection therewith, (ii) trademarks, service marks, logos or get up, trade dress, corporate names,
    trade names, and other indicia of source, and all registrations, applications and renewals in connection therewith (together
    with the goodwill and rights in passing off associated therewith), (iii) design rights, copyrights and all works of authorship
    (whether or not copyrightable), and all registrations, applications and renewals in connection therewith, (iv) Software, (v)
    internet domain names and URLS, (vi) social media and (vi) trade secrets, know-how, technologies, databases, , rights, semi-conductor
    topography rights, processes, techniques, protocols, methods, formulae, algorithms, layouts, designs, specifications and confidential
    information, (viii) rights of privacy and publicity and any and all other intellectual property rights of the same or similar
    effect or nature as any of the foregoing anywhere in the world, in each case whether registered or unregistered and including
    applications for the grant of any such rights and the right to apply for such rights. 

 

    	 

    	 

    

 

 

	“Knowledge
    of the Stockholders”: means (i) the actual knowledge of Mr Ludovic Huraux as president of the Company and/or (ii) the
    actual knowledge that any normally prudent person with the same role and responsibilities within the Company should have.
    “Law”: means any treaty, directive, international agreement, law, statute, decree, regulation, order, code, ordinance,
    judgement, guideline (including any judicial or administrative interpretation or recommendation thereof) and any Governmental
    Authorization. “Leakage” means, except in the Ordinary Course of Business: a) any Distribution and any transfer
    of assets from the Company to the Stockholders or any of their Affiliates; b) any waiver, deferral or release by the Company
    of any amount or obligation owed or due to the Company by the Stockholders or any of their Affiliates; c) any assumption,
    indemnification or discharge of any liability (including in relation to any recharging of costs of any kind) of the Stockholders
    or any of their Affiliates; d) any repayment of principal or interest on any financial debt or any payment, amendment or agreement
    by the Company in relation to any of its borrowing or indebtedness owed to any of the Stockholders and any of their Affiliates
    that is not in ordinary course of business; e) any substantial changes to any trading arrangements between the Company and
    any of the Stockholders or any of their Affiliates; f) any other payments or benefits with a monetary value made, or agreed
    to be made by, or any other action whose effect would be to directly shift economic value from the Company to the Stockholders
    or any of their Affiliates; g) any management, service or other charges or fees, bonuses or increased pension contributions
    paid by the Company to the employees, the Stockholders or any of their Affiliates or any third party (including directors’
    fees, transaction or retention bonuses for management or advisers’ fees) payable in connection with the transaction
    contemplated by this Agreement paid by the Company; h) any agreement of the Company with any Stockholders, any of their Affiliates
    with a termination period exceeding 6 months and any payments related to TV production, which are estimated at approx. EUR
    250,000 (two hundred fifty thousand Euros), unless agreed in written by the Buyer; and i) any undertaking to do any of the
    foregoing. “Liability” means any obligation, deficiency or liability of any kind or nature whatsoever, provided,
    however, that for the purposes of Section 7(b), any unasserted, contingent, unaccrued or unliquidated liability shall give
    rise to indemnification under such Section 7(b) only where such liability shall have become accrued and liquidated. “Lien”
    means any interest or equity of any person (including any right to acquire, option, right of pre-emption, right of conversion
    or right of first refusal), or any security interest, mortgage, charge (whether fixed or floating), pledge, encumbrance, lien,
    assignment, 

 

    	 

    	 

    

 

 

	power
    of sale, hypothecation, title retention or other similar arrangement or agreement or other third party right in real or personal
    property, or any agreement, arrangement or obligation (conditional or otherwise) to create any of the same. “Locked
    Box Indemnity” has the meaning given to such term in Section 8. “Loss” shall have the meaning set forth
    in Section 7(b)(i). “Marketing Spend Q4 2016” means online marketing costs incurred by the Company in the fourth
    quarter of 2016 financial year for an amount of EUR 400,000 (four hundred thousand euros) consistent with past and current
    practices of the Company right in relation to its online marketing spend in third quarter of 2016 financial year, it being
    specified that production costs and PR costs are not included in Marketing Spend Q4 2016 and that fees relating to media buying
    agency are included. “Marketing Spend 2016” means marketing costs incurred by the Company in the 2016 financial
    year for an amount of EUR 3,340,000 (three million three hundred forty thousand euros), it being specified that production
    costs and PR costs are not included in Marketing Spend and that fees relating to media buying agency are included. “Marketing
    Spend 2017” means marketing costs incurred by the Company (or if the Buyer decides to implement one of the decisions
    set forth in Section 1c)(ii) 1) to 1c)(ii)3), the marketing costs incurred by the Company, the Buyer or their Affiliates in
    connection with the Attractive World brand in France, Luxemburg Belgium and Switzerland) from 1st January 2017
    to 31st December 2017, it being specified that production costs and PR costs are not included in Marketing Spend
    and that fees relating to media buying agency are included. “Nominated Account”: means the secured Stockholders’
    Lawyers’ CARPA account opened with the Paris Bar for this transaction (IBAN number: FR76 3000 4019 6000 0100 5504 955,
    Swift: BNPAFRPPPAC, reference 1864367). “Objection Notice” shall have the meaning set forth Section 7(b)(x). “Ordinary
    Course of Business” means, with respect to the Company, actions taken in the ordinary course of business consistent
    with past and current practices of the Company in relation to its Business. “Open Source Code” or “Open
    Source Software” means any software code that is distributed as “free software” or “open source software”
    or is otherwise distributed publicly in source code form under terms that permit modification and redistribution of such software.
    Open Source Code includes software code that is licensed under the GNU General Public License, GNU Lesser General Public License,
    Mozilla License, Common Public License, Apache License, BSD License, Artistic License, Sun Community Source License or other
    similar licences. “Party” shall have the meaning set forth in the preamble. “Person” means any individual,
    sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited liability company,
    entity or governmental entity (whether federal, state, county, city or otherwise and including, without limitation, any instrumentality,
    division, agency or department thereof).

 

    	 

    	 

    

 

 

	“Pro
    Rata Share” means the percentage interest set forth across from each Stockholders name on Schedule A. “Reference
    Accounts” means the audited balance sheet and a profit and loss accounts (together with the notes attached thereto)
    of the Company as of the Accounts Date, ie. 30 June 2016, as set out in Schedule 4 (c). “Registered Intellectual Property”
    means all Intellectual Property that is the subject of registration (or an application for registration), including domain
    names. “Relevant Accounting Standards” means the applicable accounting principles determined in accordance with
    French GAAP. “Restricted Period” means the period beginning on the Closing Date and ending on the second anniversary
    of the Closing Date. “Revenues” means for any considered period of time (i) the turnover (excluding VAT), as determined
    in accordance with the Relevant Accounting Standards, in France, Luxemburg, Belgium and Switzerland of the Company or (ii)
    after 1st January 2017, if the Buyer decides to implement one of the decisions set forth in Section 1.c.iii.1)
    to 3)) the revenues of the Company, the Buyer and their Affiliates, directly generated by the Attractive World brand in the
    countries listed above. “Revenue Target” means the Revenue, target for the 2017 fiscal year to be 10% higher than
    2016 Revenues assuming Marketing Spend 2017 is the same as Marketing Spend 2016, being provided that: - if the Buyer increases
    or reduces Marketing Spend in 2017 fiscal year (compared to Marketing Spend 2016), the Revenue Target for the Second Tranche
    of the Earn Out shall be adjusted by the same percentage change up or down, and - The Revenues used for the calculation above
    shall be only for France, Belgium, Switzerland and Luxembourg. Revenues generated in any other territory are not considered
    for the Second Tranche calculation. “Software” means any form of computer programme, including applications software
    and operating systems, whether in source or object code form, and including all upgrades and updates thereto, and all supporting
    documentation, as well as all user interfaces (including graphical elements). “Shapr Group” means Trust &
    Share, a French société par actions simplifée, and registered with the Paris trade and companies register
    under number 801 183 864, and its Subsidiaries as Shapr Inc and Shapr SAS (799 364 039 RCS) which operate networking applications
    and which are independent from the Company. “Shares” shall have the meaning set forth in the recitals. “Stockholders”
    shall have the meaning set forth in the preamble. “Stockholders’ Lawyers” means Chammas & Marcheteau,
    located 18, rue de Vienne - 75008 Paris, France. “Stockholders’ Representative” shall have the meaning set
    forth in Section 9(g). 

 

    	 

    	 

    

 

 

	“Subsidiary”
    means, with respect to any Person, any partnership, limited liability company, corporation or other business entity of which
    (i) if a corporation, a majority of the total voting power of shares of capital stock entitled (without regard to the occurrence
    of any contingency) to vote in the election of directors, managers, or trustees thereof is at the time owned or controlled,
    directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or
    (ii) if a partnership, limited liability company or other business entity, a majority of the partnership or other similar
    ownership interests thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries
    of that Person or a combination thereof. “Tax” means any and all forms of taxes, levies, social security contributions,
    stamp or registration duties, fiscal or specific taxes, duties and charges of a tax nature and all withholdings or deductions
    in respect thereof of whatever nature including, but not limited to, income tax, corporation tax, withholding taxes, R&D
    tax credit, indirect taxes, local taxes, transfer tax, value added tax payable by the Company, irrespective of the assessment
    basis or the body responsible for its recovery or the status of the entity in whose name they are collected and generally
    any duties and levy assessed in whole or in part on the income, including any interest, penalties, fines and other related
    costs. “Tax Return” means any return, declaration, report, claim for refund, or information return or statement
    relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. “Third Party Claim”
    shall have the meaning set forth in Section 7(b)(x). “2015 Financial Statements” shall have the meaning set forth
    in Section 4 (c). “2016 Revenues” means the Company’s Revenues for the period starting 1st January 2016
    and ending 31 December 2016. “2017 Revenues” means the Revenues, for the period starting 1st January 2017 and
    ending 31 December 2017. 

 

    	 

    	 

    

 

 

	Schedule
    1 (g) Authorized Leakage from 1st July 2016 up to and including the Closing Date Beneficiary
    Object Amount  Laurent Alexandre reimbursement of the premium issuance 3 546,50 €  Xavier Clément reimbursement
    of the premium issuance 3 034,00 €  Sébastien Romelot reimbursement of the premium issuance 881,50 €
     Bruno Schmitt reimbursement of the premium issuance 1 763,00 €  Patrick Robin 2014 net dividend 1 613,31 €
     Stéphane Renault 2014 net dividend 3 207,78 €  Stéphane Renault 2015 net dividend 2 197,10 €
     Audrey Dechaud Stockholder’s loan 220,00 €  Ludovic Huraux Stockholder’s loan 62,00 €  Rodolphe
    Ferreira Stockholder’s loan 15 113,00 €  Nicolas Hermann Stockholder’s loan 14 822,00 €  Marc
    Menase Stockholder’s loan 6 057,00 €     52 517,19 € Chammas & Marcheteau Legal fees
    (shareholders meeting and general legal support since 1st May 2016) 5 500,00 € without VAT Me Marie-Emilie Rousseau Brunel
    Labor lawyer 1 440,00 € without VAT Meril Data site Due dil Data room 2 325,60 € without VAT Grant Thornton audited
    financial statement on June 30th 2016 12 000,00 € without VAT Cabinet Bismuth financial statement on June 30th 2016 6
    000,00 € without VAT Christine Sittler financial statement on June 30th 2016 2 500,00 € without VAT Image 7 communication
    agency 4 000,00 € without VAT

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(c) Schedule
    4(c) to the agreement contains: • the auditors’ report and accompanying audited financial statements of the Company
    from 1 January 2016 to 30 June 2016; and • the annual financial statement of the company from 1 January 2015 to 31 December
    2015.

 

    	 

    	 

    

 

 

	Schedule
    4 (e) List
    of Trademarks and domain names 1- Trademarks Attached 2- Domain Names Domain registar provider: Gandi Domain name (Expiration
    date) attractiveworld.fr (16/12/2016) – renewal soon yaw.im (19/12/2016) – renewal soon attractiveworld.de (03/03/2017)
    attractiveworld.biz (05/06/2017) attractiveworld.info (06/06/2017) attractiveworld.me (06/06/2017) attractiveworld.org (06/06/2017)
    samadhi-corp.com (25/06/2017) – Never used (will not be renewed) awztech.net (07/09/2017) awzbo.net (07/09/2017) awjazz.com
    (24/04/2018) – Not used anymore (legacy domain) attractiveworld.com 12/09/2022 attractiveworld.net 08/12/2022 

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(e) Schedule
    4(e) to the agreement contains: • a list of the Company’s registered trademarks at the time of the agreement, with
    relevant countries, application and registration dates, registration numbers and expiry date; • extracts from the French
    BOPI, or ‘Official Intellectual Property Bulletin’, relating to the Company’s trademarks; • online
    extracts showing information relating to the Company’s trademarks; • registration certificates for the Company’s
    trademarks.

 

    	 

    	 

    

 

 

	United
    States of America United States patent and Trademark Office AttractiveWorld Reg. No. 4,603,650  SAMADHI (FRANCE SOCIÉTÉ
    PAR ACTIONS SIMPLIFIÉE) 38 RUE SERVAN    Registered Sep. 16, 2014 Int. CIs.: 38, 41 and 45  F-75544
    PARIS FRANCE    SERVICE MARK  FOR: PROVIDING ACCESS TO ONLINE CHAT ROOMS FOR SOCIAL NETWORKING; PROVISION
    OF ACCESS TO DATING SITES VIA THE INTERNET AND VIA MOBILE TELEPHONE NETWORKS, IN CLASS 38 (U.S. CLS. 100, 101 AND 104).    PRINCIPAL
    REGISTER  FOR: ENTERTAINMENT SERVICES, NAMELY, ORGANIZING AND CONDUCTING PARTIES FOR THE PURPOSE OF DATING AND SOCIAL
    INTRODUCTION FOR ADULTS; SOCIAL CLUB SERVICES, NAMELY, ARRANGING, ORGANIZING AND HOSTING SOCIAL EVENTS, GET-TOGETHERS, AND
    PARTIES FOR CLUB MEMBERS, IN CLASS 41 (U.S. CLS. 100, 101 AND 107).      FOR: DATING SERVICES; PROVIDING
    ONLINE DATING CLUBS VIA INTERNET NETWORKS AND MOBILE TELEPHONY NETWORKS FOR SOCIAL NETWORKING; PROVIDING A MEMBERS-ONLY ONLINE
    COMPUTER DATABASE FEATURING SINGLE PEOPLE INTERESTED IN MEETING OTHER SINGLE PEOPLE, IN CLASS 45 (US. CLS. 100 AND 101).      THE
    MARK CONSISTS OF STANDARD CHARACTERS WITHOUT CLAIM TO ANY PARTICULAR FONT, STYLE, SIZE, OR COLOR      PRIORITY
    DATE OF 10-31-2012 IS CLAIMED.      OWNER OF INTERNATIONAL REGISTRATION 1163942 DATED 1-30-2013,
    EXPIRES 1-30-2023,      OWNER OF U.S. REG. NO. 3,873,071      SER. NO. 79-131,540,
    FILED 1-30-2013.      JULIE VEPPUMTHARA, EXAMINING ATTORNEY    Deputy Director of
    the United States  Patent and Trademark Office   

 

    	 

    	 

    

 

 

	Illegible
    Intellectual Property Office  World Intellectual Property Your Reference: 1163942     Organisation
    (WIPO) International Registration No:     International Bureau WO0000001163942     34,
    Chemin des Colombettes Examiner: David Cleere     1211 Geneva 20 Direct Telephone: +44(0)1633811179     Switzerland
    Date: 18 September 2013 Dear Sir/Madam, Statement of grant of Protection - Rule 18 ter(1) I have completed all actions on
    this case. The international registration is protected in the United Kingdom and has rights equivalent to those of a registered
    trade mark. Yours faithfully David Cleere Trade Marks Registry Intellectual Property Office is an operating name of the Parent
    Office www.lpo.gov.uk

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4 (e)(iii) and Schedule 4 (e) (vi) Schedule
    4(e)(iii) and Schedule 4(e)(vi) to the agreement contain a list of the Company’s trademarks which are subject to cancellation
    for non-use. 

 

    	 

    	 

    

 

 

	Schedule
    4 (e) (iv) Operation
    of the Business infringe or otherwise conflict with or make unauthorized use of the Intellectual Property of any third party
    The operation of the Business does not infringe or otherwise conflict with or make unauthorized use of the Intellectual Property
    of any third party, it being specified that: - Any images or videos used by the Company has been issued from stock photo agencies
    under a license; - After 1 October 2016 - only use of TV advertising spot (and photos or images of TV advertising spot) provided
    by FCB will need to be paid in extra for each use as provided in the letter of FCB attached. Said letter of FCB and the agreement
    to which it refers to do not relate to any other kind of contents. The Company has received requests from: - Julie Domanget
    (see attached) - Isabelle Poupin (see attached) 

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4 (e)(iv) Schedule
    4(e)(iv) to the agreement includes French language complaints and related correspondence about the Company’s use of
    particular images.

 

    	 

    	 

    

 

 

	Schedule
    4 (i) List
    of all third party Software (including Open Source Software) used in and necessary for the operation of the Business 1. Software
    (used by our applications but not specifically developed for our company) Yurplan (event pre-payment) A/B Tasty (A/B test)
    Ogone-lngenico (Payments on our production applications) Typhon (hosting) Urban Airship (mobile notifications) Smartfocus
    (CRM emailing campaign) Critsend (Smtp relay solution) 2. List of the key software tools, developments and databases used
    by the Company. • Project and documentation management: Atlassian cloud services (JIRA, Confluence, Hipchat) OS: •
    Microsoft windows 10 pro, windows 8 pro • Apple OS Office suite: Microsoft office (excel, word, powerpoint, outlook)
    Development tools IDE: Sublime text (4 licences), Licensed Phpstorm (1 licence) Development environment management: Puppet
    & Vagrant Database: Navicat (5 licences with one year support) Continuous Integration: Jenkins GIT Code repositories:
    Bitbucket (Atlassian) Stack environment: all open sources solutions (mariadb, redis, rabbitmq, memcached, etc...) Analytics
    tools PowerPivot, Google Analytics, Eulerian (end 30/10/2016) 

 

    	 

    	 

    

 

 

	Screenpulse
    (ends 30/09/2016) TagCommander (implementation in progress – substitute Eulerian) Other Software / Open Source libraries
    Software Name Type Composer Main Debian GNU/Linux 7.8 Main Git Main Javascript Main Kibana Main MariaDB Main memcached Main
    Nginx Main Node.js Main NPM Main PHP5 Main Puppet Main Pydio Main RabbitMQ Main Redis Main SASS Main supervisor.d Main Vagrant
    Main ZeroMQ Main Wordpress Main amqplib package Node.js async package Node.js atob package Node.js base64-url package Node.js
    bluebird package Node.js btoa package Node.js bunyan package Node.js chai package Node.js charm package Node.js cli-table
    package Node.js cli-table package Node.js emoji-regex package Node.js entities package Node.js event-sourcing package Node.js
    event-sourcing package Node.js gm package Node.js inflection package Node.js lodash package Node.js lodash package Node.js
    mcrypt package Node.js

 

    	 

    	 

    

 

 

	md5
    package Node.js memcached package Node.js mkdirp package Node.js moment package Node.js mv package Node.js mysql package Node.js
    nconf package Node.js node-logs package Node.js nodemailer package Node.js nodemailer-smtp-transport package Node.js progress
    package Node.js redis package Node.js request package Node.js restify package Node.js sanitize-html package Node.js sha1 package
    Node.js socket.io package Node.js swig package Node.js urban-airship-push package Node.js validate.js package Node.js xml2js
    package Node.js yargs package Node.js zmq package Node.js cheprasov/php-redis-client package PHP doctrine/doctrine-bundle
    package PHP doctrine/orm package PHP dompdf/dompdf package PHP ezyang/htmlpurifier package PHP friendsofsymfony/jsrouting-bundle
    package PHP incenteev/composer-parameter-  handler package PHP jenssegers/agent package PHP jms/serializer-bundle package
    PHP jms/twig-js package PHP jms/twig-js-bundle package PHP jms/security-extra-bundle package PHP jms/di-extra-bundle package
    PHP kachkaev/assets-version-bundle package PHP monolog/monolog package PHP phpseclib/phpseclib package PHP phpunit/phpunit
    package PHP sensio/distribution-bundle package PHP sensio/framework-extra-bundle package PHP sensio/generator-bundle package
    PHP swiftmailer/swiftmailer package PHP symfony/assetic-bundle package PHP

 

    	 

    	 

    

 

 

	symfony/monolog-bundle
    package PHP symfony/swiftmailer-bundle package PHP symfony/symfony package PHP symfony/var-dumper package PHP twig/extensions
    package PHP twig/twig package PHP videlalvaro/php-amqplib package PHP willdurand/js-translation-bundle package PHP jquery
    package Javascript jquery.ui package Javascript jquery-ui-touch-punch-valid package Javascript normalize.css package Javascript
    bootstrap-sass-twbs package Javascript moment package Javascript jquery-file-upload package Javascript jquery-waypoints package
    Javascript jquery-cookie package Javascript jquery-icheck package Javascript jquery-validation package Javascript modernizr
    package Javascript underscore package Javascript lodash package Javascript google-code-prettify package Javascript js-url
    package Javascript store package Javascript ua-parser-js package Javascript twig.js package Javascript lazyload package Javascript
    hammerjs package Javascript Miniscroll-JS package Javascript keymaster package Javascript html5shiv package Javascript sweetalert
    package Javascript select2 package Javascript pikaday package Javascript ion.rangeSlider package Javascript perfect-scrollbar
    package Javascript phpjs package Javascript qunit package Javascript respond-minmax package Javascript jquery.countdown package
    Javascript error-stack-parser package Javascript js-cookie package Javascript nanobar package Javascript

 

    	 

    	 

    

 

 

	Schedule
    4 (i) (vii) Data
    Protection Legislation Investigation of CNIL (see attached to Schedule 4 (j)) 

 

    	 

    	 

    

 

 

	Schedule
    4 (i) (viii) Data
    Protection Legislation Investigation of CNIL (see attached to Schedule 4 (j)) Investigation of DGCCRF (see attached to Schedule
    4 (j)) 

 

    	 

    	 

    

 

 

	Schedule
    4 (j) Litigation
    1- CNIL: see attached / accounting provision 25.000 €; 2- Inspection du Travail: see attached; 3- Litigation Meetic:
    see attached 4- URSSAF: Commission de recours amiable 5- JH Conseil: unpaid invoices date of March 2015 of EUR 1,800 without
    VAT – (see attached) (breach of contract / non delivery of deliverables) 6- Julie Dommanget: see Schedule 4 (e) (iv)
    7- Isabelle Poupin: see Schedule 4 (e) (iv) 8- DGCCRF: see attached

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(j) Schedule
    4(j) to the agreement includes French language documents relating to various pieces of litigation including: • a data
    protection investigation by CNIL, the French data protection authority, including correspondence exchanged about issues identified
    by CNIL; • a workplace investigation; • a judgment of a court in Paris relating to a trademark dispute with Meetic,
    SA; • an amicable settlement with URSSAF, a French group of organizations for the collection of social security and family
    benefit contributions; • an unpaid invoices dispute; and • a French administrative investigation into the use of
    personal data. 

 

    	 

    	 

    

 

English Summary of Schedule 4(k) 

Schedule 4(k) to the agreement includes a reference
to the collective bargaining 

arrangements of the Company.

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(k)(iv) Schedule
    4(k)(iv) to the agreement provides a list of employees of the Company whose contracts began or were terminated from 1 January
    2013 to 30 June 2016. 

 

    	 

    	 

    

 

 

	Schedule
    4 (k) (V) Person
    who may be entitled to claim that his or her current or former consulting or contractor relationship with the Company constitutes
    an employee-employer relationship: - Yoann Cheysson (employee and former consulting as moderator hired since April 2016) -
    Vanessa Berquet (employee and former consulting as moderator hired since July 2014) - Paul Couthuis (former consulting with
    the Company between February 1st 2016 and March 25th 2016 – see attached); - Terrence Pires (former
    consulting with the Company 30 human days in 2015 and between January 1st 2016 and March 30th 2016 –
    see attached) - Christine Sittler (accounting, financial, payroll services – see attached) 

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(k)(v) Schedule
    4(k)(v) to the agreement includes French language contracts and documents relating to various persons whose consultant or
    contractor agreements with the Company could constitute an employer-employee relationship. 

 

    	 

    	 

    

Schedule
4 (l)

 

Affiliate
Interests

 

Agreement or arrangement
whether or not in writing entered by the Company with:

 

		-	Cyril
                                         Ferey: support to writing tax files of “Crédit Impot recherche”
                                         (fees 2015 for CIR 2014: 

                                         EUR 10,800 / fees 2016 for CIR 2015 EUR 12,300)

 

		-	ROIK
                                         (RCS 483 794 335): marketing services provider

		o	2015
                                         :

		■	Media
                                         buying: EUR 2,077,378 without VAT

		■	Fees:
                                         EUR 124,643 without VAT

		o	From
                                         January 1st 2016 to July 31st 2016:

		■	Media
                                         buying: EUR 1.155.258 without VAT

		■	Fees:
                                         EUR 46.211 without VAT

 

		-	Euranka
                                         (tracking tool eulerian):

		o	From
                                         01/01/2015 to 31/12/2015:

		■	Invoiced
                                         by Euranka: € 535,805 without VAT

		■	Total
                                         Company’s Sales: 2578 without VAT

		■	Cost
                                         per sale: € 208 without VAT

		o	From
                                         01/01/2016 to 07/31/2016:

		■	Invoiced
                                         by Euranka: € 269,301 without VAT

		■	Total
                                         Company’s Sales: 1406 without VAT

		■	Cost
                                         per sale: 192 € without VAT

 

		-	Shapr
                                         SAS – sublease agreement attached and amendment attached: Annual amount of
                                         EUR 43,200

 

    	 	 	 

     

    

 

English Summary
of Schedule 4(l)

 

Schedule 4(l)
to the agreement contains a French language contract between the Company and Shapr.

 

    	 	 	 

     

    

 

 

 

	Schedule
    4 (n)1 Interim
    Period Invoices which have not been paid since 1st July 2016: - Tag Commander (see attached): Object: tracking
    online to determine the remuneration of providers which bring us traffic. Amount of unpaid invoices: Invoices VAT excluded
    VAT Included Invoice status June Subscription 2 900 € 3 480 € Not paid July Subscription 2 900 € 3 480 €
    Not paid August Subscription 2 900 € 3 480 € Not paid Set up Manage 50% 4 550 € 5 460 € Paid Set up Manage
    50% 4 550 € 5 460 € Not Paid Solution Engaged July 750 € 900 € Not paid Solution Engaged August 750 €
    900 € Not paid Reason: operational problems Invoices have been accounted in the Ordinary Course of the Business every
    Tuesday and the last time on 27 September 2016. 

 

    	 

    	 

    

 

 

	English
    Summary of Schedule 4(n)1 Schedule 4(n)1 to the agreement includes French language invoices outstanding as at 30 September
    2016. 

 

    	 

    	 

    

 

 

	Schedule
    4 (n)2 •
    Agreement with Urban Airship dated on 7 September 2016 (termination period exceeding 6 months) • Agreement with Stanton
    Wallace (headhunter for CEO) : amount of EUR 28,000 VAT excluded (not in the Ordinary Course of Business) • Agreement
    with C’est quoi I’idée (Brand and creative consulting for 2017 communication compaign): fees of EUR 10,000
    VAT excluded (end of the services in October 2016) • Agreement with Terence Pires (consulting provider): fees of EUR
    8,000 VAT excluded (end of the services on 31st October 2016)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]