Document:

Exhibit 10.4

 

Agreement for the Purchase and Sale of Future Receipts

Seller’s Legal Name: ___________________________D/B/A:
_________________________

Form of Business Entity: Corporation

Street Address: 12001 N Central Expressway, #825

City: Dallas

State: TX

Zip: 75243

Mailing Address: Same as above

Primary Contact Name: Carl Dorvil

Time in Business: ___________________________

Title: CEO

Federal Tax ID Number: 56-2428818

Purchase Price: $772,500.00

Purchased Amount: $1,066,050.00

Specified Percentage: 15

% Origination Fee: $23,175.00 (to be deducted from the
Purchase Price)

Initial Daily Amount: $5,077.77 (Average Monthly Sales
x Specified Percentage/Average Business Days in a Calendar Month)

Account for the Deposit of all Future Receipts: Bank:
___________________________________

Account No: ________________________________

 

 

Effective,
 MARCH
62018
Seller, identified
above, hereby sells, assigns and transfers to C6 CAPITAL, LLC,
located at 351 E 84TH
ST SUITE #27E, NEW YORK, NY 10028 ("Buyer"), without recourse, the Specified Percentage of the proceeds of each future
sale made by Seller (collectively "Future Receipts") until Buyer has received the Purchased Amount. "Future Receipts"
includes all payments made by cash, check, ACH or other
electronic transfer, credit card, debit card, bank card,
charge card (each such card shall be referred to herein as a "Payment Card") or other form of monetary payment
in the ordinary course of Seller's business. As
payment for the Purchased Amount, Buyer will deliver
to Seller the Purchase Price, shown above, minus any Origination
Fee shown above.

Seller acknowledges
that it has no right to repurchase the Purchased Amount
from Buyer.

 

Both
patties agree that the obligation of Buyer under this Agreement will not be effective unless and until Buyer has
completed its review of the Seller and has accepted this Agreement by delivering the Purchase
Price,
minus any Origination Fee. Prior to accepting this Agreement,
Buyer may conduct a
processing trial to confirm its access to the Account and the ability to withdraw
the Initial Daily Amount. If the processing
trial is not completed to the
satisfaction of Buyer,
Buyer will refund to Seller
all funds that were
obtained by Buyer
during the processing trial.

 

Agreement
of Seller: By signing below Seller agrees to the terms and conditions contained in this
Agreement,
including those terms and
conditions on the following pages, and further agrees that
this transaction is for business purposes and not for personal,
family, or household purposes.

 

/s/ Carl Dorvil

 

Agreement
of Each Owner: Each Owner signing below agrees to the terms of the Credit
Report Authorization below:

/s/ Carl
Dorvil

 

		1.	Delivery of Purchased Amount: Seller must
deposit all Future Receipts into the single business banking account specified above, which may not be used for any personal, family
or household purposes (the "Account") and must instruct Seller's credit card processor, which must be approved by Buyer
(the "Processor") to deposit all Payment Card receipts of Seller into the Account. Seller agrees not to change the Account
or add an additional Account without the express written consent of Buyer. Seller authorizes Buyer to debit the Daily Amount from
the Account each business day by either ACH or electronic check. Seller will provide Buyer with all required access codes and agrees
not to change them without prior written consent from Buyer.
Seller will provide an appropriate ACH authorization to Buyer. Seller understands
that it is responsible for either ensuring that the Daily Amount is available in the Account each business day or advising Buyer
prior to each daily withdrawal of a shortage of funds. Otherwise, Seller will be responsible for any fees incurred by Buyer resulting
from a rejected electronic check or ACH debit attempt, as set forth on Appendix A.
Buyer is not responsible for any overdrafts or rejected transactions that
may result from Buyer's debiting any amount authorized under the terms of this Agreement. Seller understands that the foregoing
ACH authorization is a fundamental condition to induce Buyer to accept the Agreement. Consequently, such authorization is intended
to be irrevocable.

 

 

		2.	Seller
May Request Changes to the Daily Amount: The initial Daily Amount is intended to represent the seller’s daily Future
Receipts. For as long as no Event of Default has occurred, once each calendar month, Seller may request that Buyer adjust the
Dailey mount to more closely reflect the Seller’s actual Future Receipts times the Specified Percentage. Seller agrees to
provide Buyer any information requested by Buyer to assist in this reconciliation. No more often than once a month. Buyer may
adjust the Daily Amount on a going-forqard basis to more closely reflect the Seller’s actual Future Receipts times the Specified
Percentage. Buyer will give Seller notice five business days prior to any such adjustment. After each adjustment made pursuant
to this paragraph, the new dollar amount sahll be deemed the Daily Amount until any subsequent adjustment.

 

 

		3.	Daily Amount Upon Default. Upon the occurrence of an Event
of Default, the Daily Amount shall equal 100% of all Future Receipts.

 

		4.	Sale of Future Receipts (THIS IS NOT A LOAN):
Seller is selling a portion of a future revenue stream to Buyer at a discount,
not borrowing money from Buyer. There is no interest rate or payment schedule and no time period during which the Purchased Amount
must be collected by Buyer. If Future Receipts are remitted more slowly than Buyer may have anticipated or projected because Seller's
business has slowed down, or if the full Purchased Amount is never remitted because Seller's business went bankrupt or otherwise
ceased operations in the
ordinary course of business, and Seller has not breached this Agreement, Seller would not owe anything to Buyer and would not be
in breach of or default under this Agreement. Buyer is buying the Purchased Amount of Future Receipts knowing the risks that Seller's
business may slow down or fail, and Buyer assumes these risks based on Seller's representations, warranties and covenants in
this Agreement that are designed to give Buyer a reasonable and fair opportunity
to receive the benefit of its bargain. By this Agreement, Seller transfers to Buyer full and complete ownership of the Purchased
Amount of Future Receipts and Seller retains no legal or equitable interest therein. Seller agrees that it will treat Purchase
Price and Purchased Amount in a manner consistent with a sale in its accounting records and tax returns.
Seller agrees that Buyer is entitled to audit Seller's accounting records
upon reasonable Notice in order to verify compliance. Seller waives any rights of
privacy, confidentiality or
taxpayer privilege in
any such litigation or
arbitration in which
Seller asserts that
this transaction is anything other
than a sale of future receipts.

 

		5.	Power of Attorney. Seller irrevocably
appoints Buyer as its agent and attorney-in-fact with full authority to take any action or execute any instrument or document to
settle all obligations due to Buyer from Seller, or in the case of a violation by Seller of this Agreement or the occurrence of
an Event of Default under Section 15 hereof by Seller, including without limitation
(i) to obtain and adjust insurance; (ii) to collect monies due or to become
due under or in respect of any of the Future Receipts; (iii) to receive, endorse and collect any checks, notes, drafts,
instruments, documents or chattel paper in connection with clause (i) or
clause (ii) above; (iv) to sign Seller's name on any invoice, bill of lading, or assignment directing customers or account debtors
to direct

Initials:
 Initials:
ll'll
l'lALHlllE

C6
CAPITAL, LLC

2

payables
to Buyer; (v) to file any claims or take any action or institute any proceeding which Buyer may deem necessary for
the collection of any of the remaining Purchased Amount of the Future Receipts, or otherwise
to enforce its rights with respect to delivery of the Purchased Amount; and/or (vi) to contact any Processor of Seller and to direct
such Processor(s) to deliver directly to Buyer all or any
portion of the amounts received by such Processor(s) and to provide any information regarding Seller requested by Buyer. Each Processor
may rely on the previous sentence as written authorization of Seller to provide any information requested by Buyer. Each Processor
is hereby irrevocably auth01ized and directed by Seller to follow any instruction of Buyer without inquiry as to Buyer's right
or authority to give such instructions. Seller acknowledges the terms of the preceding sentence and agrees not to (a) interfere
with Buyer's instructions or a Processor's compliance with this Agreement or (b)
request any modification thereto without Buyer's prior written consent.

 

		6.	Fees and Charges: Other than the Origination
Fee, if any,
set forth above, Buyer is NOT CHARGING ANY ORIGINATION OR BROKER FEES to
Seller. If Seller is charged another such fee, it is not
being charged by Buyer. A list of all fees and charges
applicable under this Agreement is contained in Appendix A.

 

		7.	Credit Report and Other Authorizations: Seller
and each of the Owners signing above authorize Buyer, its agents and representatives and any
credit reporting agency engaged by Buyer, to (i) investigate any
references given or any other statements
or data obtained from or about Seller or any of its Owners for the purpose of this Agreement, (ii) obtain consumer and business
credit reports on the Seller and any of its Owners, and (iii) to contact personal and business references provided by the Seller
in the Application, at any time now or for so long as Seller and/or Owners continue to have any obligation owed to Buyer as a consequence
of this Agreement or for Buyer's ability to determine Seller's eligibility to enter into any future agreement with Buyer.

 

		8.	Authorization to
Contact Current and Prior Banks: Seller
hereby authorizes Buyer to contact any current or prior bank of the Seller in order to obtain whatever information it may require
regarding Seller's transactions with any such bank. Such information may include but is not limited to, information necessary to
verify the amount of Future Receipts
previously processed on behalf of Seller and any fees
that may have been charged by the bank. In addition, Seller authorizes Buyer to contact any current or prior bank of the Seller
for collections and in order to confirm that Seller is exclusively using the Account identified above, or any other account approved
by Buyer, for the deposit of all business receipts.

 

		9.	Financial Information. Seller authorizes
Buyer and its agents to investigate its financial responsibility and history, and will provide to Buyer any authorizations, bank
or financial statements, tax returns, etc., as Buyer deems necessary in its sole discretion prior to or at any time after execution
of this Agreement. A photocopy
of this authorization will be deemed acceptable as an authorization for release of financial and credit information. Buyer is authorized
to update such information and financial and credit profiles from time to time as it deems appropriate. Seller waives, to the maximum
extent permitted by law, any claim for damages against Buyer or any of its affiliates relating to any investigation undertaken
by or on behalf of Buyer as permitted by this Agreement or disclosure of information as permitted by this
Agreement.

 

		10.	Transactional History. Seller authorizes all of its banks
and brokers and Payment Card processors to provide Buyer with Seller's banking, brokerage and/or processing history to determine
qualification or continuation in this program, or for collections upon an Event of Default.

 

		11.	Publicity. Seller hereby authorizes Buyer to use its name in listings of clients and
in advertising and marketing materials.

 

		12.	Application of Amounts
Received by Buyer. Buyer
reserves the right to apply amounts received by it under this Agreement to any fees or other charges due to Buyer from Seller prior
to applying such amounts
to reduce the amount of any outstanding Purchased Amount.

		13.	Representations, Warranties and Covenants of Seller:

13.1.
Good Faith, Best Efforts and Due Diligence. Seller will conduct its business in good faith and will use its best efforts to
continue its business at least at its current level, to ensure that the Buyer obtains the Purchased Amount. 

13.2.
Stacking Prohibited. Seller shall not enter into any Seller cash advance or any loan agreement that relates to or involves
its Future Receipts
with any party other
than Buyer for the duration of this Agreement. Buyer may share information regarding this Agreement with any third party in order
to determine whether Seller is in compliance with this provision.

13.  
3.
Financial Condition and Financial Information. Any
bank statements and financial statements of Seller that have been furnished to Buyer,
and future statements that will be furnished to Buyer, fairly represent the
financial condition of Seller at such dates, and Seller will notify Buyer immediately if there are material adverse changes, financial
or otherwise, in the condition or operation of Seller or any change in the ownership of Seller. Buyer may request statements at
any time during the performance of this Agreement and the Seller shall provide them to Buyer within five business days.
Furthermore, Seller represents that all documents, forms and recorded interviews
provided to or with Buyer are true, accurate and complete in all respects, and accurately reflect Seller's
financial condition and results of operations. Seller further agrees to authorize the release of any past or future tax returns
to Seller.

13.4.      Government
Approvals. Seller in compliance and shall comply with all laws and has valid
permits, authoriztions and licenses to own, operate and lease its properties and to conduct the business in which it
is presently engaged and/ or will engage in hereafter.the person(s) signing this Agreement on behalf of Seller, have full power and
authority to incur and perform the obligations under this Agreement, all of which have been duly authorized.

 

 

13.5.     
Authority to Enter Into This Agreement. Seller
and the person(s) signing this Agreement on behalf of Seller, have full power and authority to incur and perform the obligations
under this Agreement, all of which have been duly authorized.

 

13.6.     
Change of Name or Location or Sale or Closing of Business. Seller
will not conduct Seller's businesses under any name other than as disclosed to Buyer or change any of its places of business without
prior written consent of Buyer.
Seller will not sell, dispose, transfer or otherwise convey all or substantially
al1 of its business or assets without (i) the express prior written consent of Buyer,
and (ii) the written agreement of any purchaser or transferee assuming all
of Seller'
s obligations under this Agreement pursuant
to documentation satisfactory to Buyer. Except as disclosed to Buyer in writing,
Seller has no current plans to close its business either temporarily, whether
for renovations, repairs or any other purpose, or
permanently. Seller
agrees that until Buyer has received all of the Purchased Amount Seller will not voluntarily close its business on a temporarily
basis for renovations, repairs, or any other
purposes.
This provision, however, does not prohibit Seller from closing its business temporarily if such closing is required to conduct
renovations or repairs that are required by local ordinance or other legal order, such as from a health or fire inspector, or if
otherwise forced to do so by circumstances outside of the control of Seller. Prior to any such closure,
Seller will provide Buyer ten business days notice to the extent
practicable.

 

13.7.     
No Pending or Contemplated Bankruptcy. As
of the date Seller executes this Agreement, Seller is not insolvent and does not contemplate and has not filed any petition for
bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against
Seller. Seller represents that it has not consulted with a bankruptcy attorney within six months prior to the date of this Agreement.
Seller further warrants that it does not anticipate filing a bankruptcy petition and it does not anticipate
that an involuntary petition will be filed against
it.

 

13.8.     
Seller to Maintain Insurance. Seller
will possess and maintain insurance in such amounts and against
such risks
as are necessary to protect its business and will provide proof of such insurance to Buyer upon
demand.

 

13.9.     
Seller to Pay Taxes
Promptly. Seller
will promptly pay all necessary taxes,
including but not limited to employment and sales
and use taxes.

 

13.10. 
No Violation of Prior Agreements. Seller’s
execution and performance of this Agreement will not conflict with any other agreement, obligation, promise, court order, administrative
order or decree, law or regulation to which Seller is subject, including any agreement the prohibits the sale or pledge of Seller’s
future receipts.

 

 

13.11. 
No Diversion of Receipts. Seller
will not permit any event to occur that could cause a diversion
of any of Seller's Future Receipts from the Account to any other entity.

 

13.12.  
Seller's Knowledge and Representation. Seller
represents warrants and agrees that it is a sophisticated business
entity familiar with the kind of transaction covered by the Agreement;
it was represented by counsel or had full opportunity to consult
with counsel.

 

 

		14.	Rights of Buyer:

14.1.
Acknowledgment of
Security Interest and Security Agreement. The Future
Receipts sold by Seller to Buyer pursuant to this
Agreement are "accounts" or "payment
intangibles" as those
terms are defined in the
Uniform Commercial Code
as in effect in the state in
which the Seller is located (the "UCC") and
such sale shall constitute
and shall be construed and treated for all purposes as a
true and complete sale, conveying
good title to the Future Receipts free and clear of any liens and encumbrances,
from Seller to Buyer. To the extent the Future Receipts are "accounts"
or "payment intangibles" then
(i) the sale of the Future Receipts creates a security interest as defined in the UCC, (ii) this Agreement constitutes a
"security agreement"
under the UCC, and (iii)
Buyer has all the rights of a secured
party under the UCC with respect to such Future Receipts.
Seller further agrees that, with or
without an Event of Default
, Buyer may notify account
debtors, or other persons
obligated on the Future
Receipts, of Seller' s
sale of the Future Receipts and
may instruct them to make payment or otherwise render performance to or for
the benefit
of Buyer.

14.2.
Financing Statements. Seller
authorizes Buyer to file one or
more UCC-1 forms consistent with the
UCC to give notice that the Purchased Amount of
Future Receipts is the
sole property of Buyer. The UCC filing may state that
such sale is intended to
be a sale  and not an assignment
for security and may state
that the Seller is prohibited from obtaining any financing
that impairs the value of
the Future Receipts or Buyer's right to collect same. Seller authorizes Buyer to debit the Account for all costs incurred by Buyer
associated with the filing, amendment or termination of any UCC
filings."

		14.3.	Right of Access. In
                                                                                                                          order to ensure that Seller is complying with the terms of this Agreement, Buyer shall have the right to (i) 

enter,
without notice, the premises of Seller's business for the purpose of inspecting and checking
Seller's transaction processing terminals to ensure the terminals are properly
programmed to submit and or batch Seller's daily receipts
to the Processor and to ensure that Seller
has not violated any
other provision of this Agreement,
and (ii) Seller shall provide access to its employees and records and
all other items as requested by Buyer, and (iii) have
Seller provide information about its business operations, banking relationships, vendors,
landlord and other information to allow Buyer to interview any relevant parties.

		14.4.	Phone Recordings and Contact. Seller
agrees that any call between Buyer and Seller, and their agents and employees may
be

recorded
or monitored. Further, Seller agrees that (i) it has an
established business relationship with Buyer,
its employees and agents and that Seller may be contacted
from time-to-time regarding this or other business transactions;
(ii) that such communications and contacts are not unsolicited
or inconvenient; and (iii) that any such contact may be made at any phone
number, emails address, or facsimile number given to Buyer by the Seller, its agents or employees,
including cellular telephones.

 

 

		15.	Events of
Default. The
occurrence of any of the following events shall
constitute an "Event of
Default": (a) Seller interferes with Buyer's right to collect the Daily Amount; (b) Seller violates
any term or covenant in this Agreement; (c) Seller uses multiple depository
accounts without the prior written consent of Buyer; (d)
Seller changes its depositing
account or its payment
card processor without the prior written consent
of Buyer; (e) Seller defaults under any of the terms, covenants
and conditions of any other agreement with
Buyer (f) Seller fails to provide timely notice to Buyer such that in any given calendar month there are four or
more ACH transactions attempted by Buyer are
rejected by Seller's bank.

 

		16.	Remedies.
If any Event of Default occurs, Buyer may proceed to protect and enforce
its rights including, but
not limited to, the following:

16.1. 
The Specified Percentage
shall equal 100%. The full
uncollected Purchased Amount plus all fees and
charges (including legal fees) due
under this Agreement will
become due and payable in full
immediately.

		16.2.	Buyer may enforce the
provisions of the Personal
Guaranty of Performance
against each Owner.

		16.3.	Buyer may proceed to protect and enforce its rights
and remedies by arbitration
or lawsuit. In any such
arbitration or lawsuit, under which Buyer shall recover Judgment
against Seller, Seller shall be
liable for all of Buyer's costs of the lawsuit, including but not limited to all reasonable attorneys' fees and court costs. However,
the rights of Buyer under this provision shall be limited as provided
in the arbitration provision
set forth below.

		16.4.	This Agreement shall
be deemed Seller's Assignment of Seller's Lease of Seller's business premises to Buyer. Upon
an Event of

Default, Buyer may
exercise its rights
under this Assignment of Lease without prior
notice to Seller.

16.5. 
Buyer may debit Seller's
depository accounts wherever situated
by means of ACH debit or facsimile signature on
a computer generated check
drawn on Seller's bank account or otherwise for all sums
due to Buyer.

		16.6.	Seller shall pay to Buyer all reasonable costs
associated with the Event of Default and the enforcement of Buyer's remedies, including but not limited to court costs and attorneys'
fees.

 

		16.7.	Buyer may exercise and enforce its rights as a
secured party under the UCC.

 

16.8.
All rights, powers and remedies of Buyer in
connection with this Agreement may be exercised at any time by Buyer after
the occurrence of an Event of Default, are cumulative and not exclusive,
and shall be in addition to any other rights, powers or remedies provided by law or equity.

 

		17.	Modifications; Agreements. No modification,
amendment, waiver or consent of any provision ofthis Agreement shall be effective unless the same
shall be in writing and signed by Buyer.

 

		18.	Assignment. Buyer
may assign, transfer or sell its rights to receive the
Purchased Amount or delegate its duties hereunder, either in whole or in part, with or without prior written notice to
Seller.

		19.	Notices.

 

		19.1.	Notices from Buyer to Seller. Buyer may send any
notices, disclosures, terms and conditions, other documents, and any future changes to Seller by regular mail or
by e-mail, at Buyer's option and Seller consents to such
electronic delivery. Notices sent by e-mail
are effective when sent. Notices sent by regular mail become effective upon
mailing to Seller's address set forth
in this Agreement.

 

19.2.
Notices from Seller to Buyer. Seller may send any notices to Buyer by e-mail
only upon the prior written consent of Buyer, which consent may be withheld or revoked at any time in Buyer's sole discretion.
Otherwise, any notices or other communications from Seller
to Buyer must be delivered by certified mail, return
receipt requested, to Buyer's address set forth in this Agreement. Notices
sent to Buyer shall become effective only upon receipt by
Buyer.

 

 

		20.	Binding Effect; Governing Law,
Venue and Jurisdiction. This
Agreement shall be binding upon and inure to the benefit of Seller, Buyer and
their respective successors and assigns,
except that Seller shall not have the right to assign its rights hereunder
or any interest herein without the prior written consent of Buyer which consent may be withheld in Buyer's sole discretion.
This Agreement shall be governed by and
construed in accordance with the laws of the state of New York,
without regards to any applicable principals of conflicts of law. Any suit,
action or proceeding arising hereunder, or the interpretation, performance
or breach of this Agreement, shall, if Buyer so elects,
be instituted in any court sitting in New York, (the
"Acceptable Forums").
Seller agrees that the Acceptable Forums are convenient to it, and submits
to the jurisdiction of the Acceptable Forums and waives any and all objections
to jurisdiction or venue. Should such proceeding be initiated in any other forum, Seller
waives any right 
to oppose any motion
or application made by Buyer to transfer such proceeding
to an Acceptable Forum.

 

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

 

		22.	Interpretation. All
Parties hereto have reviewed this
Agreement with an attorney of their own choosing and have relied only on their own attorney's
guidance and advice. No construction determinations shall be made against
either Party hereto
as drafter.

 

		 	23.	Entire Agreement
and Severability. This
Agreement embodies the entire agreement between Seller and Buyer and
supersedes all
prior agreements
and understandings relating
to the subject
matter hereof. In
case any of
the provisions in
this Agreement is found
to be invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of any other
provision contained herein shall not in any way be affected
or impaired.

 

		24.	Facsimile Acceptance. Facsimile
signatures hereon, or other electronic means
reflecting the party's
signature hereto, shall be
deemed acceptable for all
purposes.

 

		25.	Confidentiality: The terms and conditions
of this Agreement are proprietary
and confidential unless required by
law. Seller shall not disclose this information to anyone other than its attorney, accountant or similar service
provider and then only to the extent
such person uses the information solely for purpose of advising Seller and
first agrees in writing to be bound by the terms of this

Section.
A breach entitles Buyer to damages
and legal fees as well as temporary restraining order
and preliminary injunction without bond.

		26.	Monitoring, Recording, and Solicitations.

26.1.
Authorization to Contact Seller by
Phone. Seller authorizes Buyer, its
affiliates, agents and independent
contractors to
contact Seller at any telephone number
Seller provides to
Buyer or from which Seller places a call to Buyer, or any telephone
number where Buyer believes it may reach
Seller, using any means
of communication, including but not
limited to calls or
text messages to mobile,
cellular, wireless or similar devices or calls or text messages
using an automated telephone
dialing system and/or artificial voices or prerecorded messages, even if Seller incurs charges for receiving such
communications.

26.2.
Authorization to Contact Seller by
Other Means. Seller also agree that
Buyer,
its affiliates, agents and independent contractors, may use
any other medium not prohibited
by law including, but
not limited to,
mail, e-mail and facsimile, to contact Seller. Seller expressly consents to conduct business by electronic
means.

		27.	JURY WAIVER. THE PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY
IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS
OF WHICH THIS AGREEMENT IS AP ART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW
TO BE AGAINST PUBLIC POLICY. THE PARTIES ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY, WILLINGLY AND VOLUNTARILY ANDWITHOUTDURESS,ANDONLY
AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR ATTORNEYS.

 

		28.	CLASS ACTION WAIVER. THE PARTIES WAIVE ANY
RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER
PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BYLAW OR DEEMED
BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE EXTENT EITHER PARTY IS PERMITTED BYLAW
OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE
OTHER, THE PARTIES AGREE THAT:

		(I)	THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS'
FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT);
AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY
RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.

 

		29.	ARBITRATION. IF BUYER, SELLER OR ANY GUARANTOR
REQUESTS, THE OTHER PARTIES AGREE TO ARBITRATE ALL DISPUTES AND CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT. IF BUYER,
SELLER OR ANY GUARANTOR SEEKS TO HAVE A DISPUTE SETTLED BY ARBITRATION, THAT PARTY MUST FIRST SEND TO ALL OTHER PARTIES, BY CERTIFIED
MAIL, A WRITTEN NOTICE OF INTENT TO ARBITRATE. IF BUYER, SELLER OR ANY GUARANTOR DO NOT REACH AN AGREEMENT TO RESOLVE THE CLAIM
WITHIN 30 DAYS AFTER THE NOTICE IS
RECEIVED, BUYER, SELLER OR ANY GUARANTOR MAY COMMENCE AN ARBITRATION PROCEEDING WITH THE AMERICAN ARBITRATION ASSOCIATION ("AAA")
OR NATIONAL ARBITRATION FORUM ("NAF"). BUYER WILL PROMPTLY REIMBURSE SELLER OR THE GUARANTOR ANY ARBITRATION FILING FEE,
HOWEVER, IN THE EVENT THAT BOTH SELLER AND
THE GUARANTOR MUSTPAY
FILING FEES, BUYER WILL ONLY REIMBURSE
SELLER'S ARBITRATION FILING FEE AND, EXCEPT AS PROVIDED IN THE NEXT SENTENCE, BUYER WILL PAY ALL ADMINISTRATION AND ARBITRATOR
FEES. IF THE ARBITRATOR FINDS THAT EITHER THE SUBSTANCE OF THE CLAIM RAISED BY SELLER OR THE GUARANTOR OR THE RELIEF SOUGHT BY
SELLER OR THE GUARANTOR IS IMPROPER OR
NOT WARRANTED, AS MEASURED BY THE STANDARDS SET FORTH IN FEDERAL RULE OF PROCEDURE ll(B), THEN BUYER WILL PAY THESE FEES ONLY IF
REQUIRED BY THE AAA OR NAF RULES. SELLER AND THE GUARANTOR AGREE THAT, BY ENTERING INTO THIS AGREEMENT, THEY ARE WAIVING THE RIGHT
TO TRIAL BY JURY. BUYER, SELLER OR ANY GUARANTOR MAY BRING CLAIMS AGAINST ANY OTHER PARTY ONLY IN THEIR INDIVIDUAL CAPACITY, AND
NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. FURTHER, BUYER, SELLER AND ANY GUARANTOR
AGREE THAT THE ARBITRATOR MAY NOT CONSOLIDATE PROCEEDINGS FOR MORE THAN ONE PERSON'S CLAIMS, AND MAY
NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING,
AND THAT IF THIS SPECIFIC PROVISION IS FOUND UNENFORCEABLE, THEN THE ENTIRETY OF TIDS ARBITRATION CLAUSE SHALL BE NULL AND
VOID.

		30.	RIGHT TO OPT OUT OF ARBITRATION. SELLER
AND GUARANTOR(S) MAY OPT OUT OF THIS CLAUSE. TO OPT OUT OF THIS ARBITRATION CLAUSE, SELLER AND EACH GUARANTOR MUST SEND BUYER A
NOTICETHATTHESELLERANDEACHGUARANTORDOES NOT WANT THIS CLAUSE TO APPLY TO THIS AGREEMENT. FOR ANY OPT OUT TO BE EFFECTIVE, SELLER
AND EACH GUARANTOR MUST SEND AN OPT OUT NOTICE TO THE FOLLOWING ADDRESS BY REGISTERED MAIL, WITHIN 14 DAYS AFTER THE DATE
OF THIS AGREEMENT: BUYER-ARBITRATION
OPT OUT, C6
CAPITAL, LLC 351
E 84TH ST
SUITE #27E,
NEW YORK, NY 10028, ATTENTION: LEGAL DEPARTMENT.

 

		31.	SERVICE OF PROCESS. IN ADDITION TO THE METHODS OF SERVICE
ALLOWED BY THE NEW YORK STATE CIVIL PRACTICE LAW & RULES ("CPLR"), SELLER HEREBY CONSENTS TO SERVICE OF PROCESS UPON
IT BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, SERVICE HEREUNDER SHALL BE COMPLETE UPON SELLER'S ACTUAL RECEIPT
OF PROCESS OR UPON BUYER'S RECEIPT OF THE RETURN THEREOF BY THE UNITED STATES POSTAL SERVICE AS REFUSED OR UNDELIVERABLE. SELLER
MUST PROMPTLY NOTIFY BUYER, IN WRITING, OF EACH AND EVERY CHANGE OF ADDRESS TO WHICH SERVICE OF PROCESS CAN BE MADE. SERVICE BY
BUYER TO THE LAST KNOWN ADDRESS SHALL BE SUFFICIENT. SELLER WILL HAVE (30) CALENDAR DAYS AFTER SERVICE HEREUNDER IS COMPLETE IN
WHICH TO RESPOND. FURTHERMORE, SELLER EXPRESSLY CONSENTS THAT ANY AND ALL NOTICE(S), DEMAND(S),
REQUEST(S) OR OTHER COMMUNICATION(S) UNDER
AND PURSUANT TO THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES SHALL BE DELIVERED IN ACCORDANCE WITH THE
PROVISIONS OF THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES.

 

 

 

 

 

 

Appendix A -
List of Fees and Charges

 

 

 

In addition
to the Purchased Amount of Future Receipts, the Agreement provides that the following fees shall be applied:

		1.	Underwriting Fee - $
295.00

		2.	Non-Sufficient Funds (NSF) Fee - $
35.00 each (Up to FOUR TIMES ONLY before a default is declared)

		3.	Stopped Fee - $
135.00

		4.	ACH Processing Fee - $
12.50

		5.	UCC Filing Fee- $150.00

		6.	Default Fee - $2,500.00

		7.	Financing Fee:
$
22,717.50

 

 

 

 

 

 

PERSONAL GUARANTY OF PERFORMANCE

 

This Personal Guaranty of Performance
(this "Guaranty") is executed as of MARCH
6 20 , by CARL DORVIL

------------
(the "Guarantor"), for the benefit of C6 CAPITAL, LLC ("Buyer").

 

 

Capitalized
terms used herein, but not defined, shall have the meanings
assigned to them in the Purchase Agreement (as hereinafter defined).

 

 

RECITALS

 

		A.	Pursuant
to that Agreement for the Purchase and Sale of Future Receipts (the "Purchase Agreement"),
dated of
even date herewith ,
between Buyer
and  "Seller"),
Buyer
has purchased Future
Receipts of
Seller.

 

		B.	Buyer is not willing to enter into the Purchase
Agreement unless Guarantor irrevocably, absolutely
and unconditionally
guarantees prompt and complete performance to Buyer of all of the obligations
of Seller; and

 

		C.	Guarantor will directly benefit from Buyer and Seller entering into the Purchase
Agreement.

 

 

AGREEMENT

 

As an inducement to Buyer to purchase
the Future Receipts identified in the Purchase Agreement, and for other good and valuable consideration, the receipt and legal
sufficiency of which are hereby acknowledged, Guarantor does hereby agree as follows:

 

1.  
Defined Terms: All capitalized terms used and not
otherwise defined herein shall have the meanings assigned to such terms in the Purchase Agreement.

 

2.   
Guaranty of Obligations: Guarantor
hereby irrevocably, absolutely
and unconditionally guarantees to Buyer prompt and complete
performance of all of Seller's obligations under the Purchase
Agreement.

 

3.   
Guarantor's
Other Agreements: Guarantor will not dispose, convey,
sell or otherwise transfer, or cause Seller to dispose, convey, sell or otherwise transfer, any material business assets of Seller
without the prior written consent of Buyer,
which may be withheld for any reason, until receipt of
the entire Purchased Amount. Guarantor hereby agrees to pay all costs and attorney'
s fees incurred by Buyer in connection with any actions
commenced by Buyer to enforce its rights or incurred in any action to defend its performance under the Purchase Agreement and
this  Guaranty.This
Guaranty is binding upon Guarantor, and Guarantor' s
heirs,
legal representatives
, successors
and assigns.
If there
is more than one Guarantor, the obligations
of the Guarantors hereunder shall be joint and several.
The obligation of Guarantor shall be unconditional and absolute, regardless of the unenforceability of any provision of any
agreement between Seller and Buyer,
or the existence of any defense, setoff or counterclaim
which Seller may assert. Buyer is hereby authorized, without
notice or demand and without affecting the liability of Guarantor hereunder, to at any time renew or extend
Seller's
obligations under the Purchase Agreement or otherwise modify, amend or change the terms
of the Purchase Agreement. Guarantor is hereby notified that a negative credit report reflecting on his/her credit record may be
submitted to a credit reporting agency
if the
terms of this
Guaranty are not
honored by the Guarantor.

 

4.   
Waiver; Remedies: No
failure on the part of Buyer to exercise, and
no delay in exercising, any right under this Guaranty shall operate as a waiver, nor shall any single or partial exercise of any
right under this Guaranty
preclude any other or further exercise of any other right. The remedies provided in this Guaranty are cumulative and not exclusive
of any remedies provided by law or equity. In the
event that Seller fails
to perform any obligation under the Purchase Agreement,
Buyer may enforce
its rights under this Guaranty without first seeking to obtain performance for such default from Seller or any other
guarantor.

 

5.   
Acknowledgmentof
Purchase: Guarantor
acknowledges and agrees that the Purchase Price paid by Buyer to Seller in exchange for tl1e Purchased Amount is a purchase of
the Purchased Amount and is not intended to be treated as a loan or financial accommodation from Buyer to Seller.
Guarantor specifically
acknowledges Buyer is not a lender,
bank or credit card processor, and that
Buyer has not
offered any loans
to Seller,
and Guarantor
waives any claims
or defenses of usury
in any action
arising out of
this

Guaranty.
Guarantor acknowledges the Purchase Price paid to Seller
is good and valuable consideration for the sale of
the Purchased Amount of Future Receipts.

 

6.    
Governing Law and Jurisdiction: This Guaranty shall be
governed by,
and constructed in accordance with,
the internal laws of
the State of New York without regard to principles
of conflicts of law. Except
as provided in Section
9 of this Guaranty, Guarantor
submits to the exclusive jurisdiction and venue
of the state or federal
courts having jurisdiction
over any city/county
in the State
of New York of any claims or
actions arising, directly or indirectly, out of or related to this Guaranty.
The parties stipulate that the venues referenced in this Agreement
are
convenient. The parties further
agree that the mailing by certified
or registered mail, return receipt requested ,
of any process required
by any such court will constitute
valid and lawful service
of process against them,
without the necessity for
service by any other
means provided by statute or rule of court, but
without invalidating service performed in
accordance with such other provisions.

 

7.  
JURY WAIVER: THE PARTIES WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY
COURT IN ANY SUIT,
ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION WITH OR IN ANYWAY RELATED TO THE TRANSACTIONS OF WHICH THIS AGREEMENT
IS A PART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIYER IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST
PUBLIC  POLICY.THE PARTIES ACKNOWLEDGE THAT EACH MAKES THIS WAIVER KNOWINGLY,
WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR
ATTORNEYS.

 

		8.	CLASS ACTION WAIVER: THE PARTIES WAIVE ANY RIGHT TO ASSERT
ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER
IS PROHIBITED BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE EXTENT EITHERPARTYISPERMITTEDBYLAWORCOURTOF
LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES AGREE THAT: (I) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS' FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN TIDS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.

 

9.    
ARBITRATION: IF BUYER, SELLER OR ANY GUARANTOR REQUESTS, THE
OTHER PARTIES AGREE TO ARBITRATE ALL DISPUTES AND CLAIMS ARISING OUT OF OR
RELATING TO THIS AGREEMENT. IF BUYER, SELLER OR ANY GUARANTOR SEEKS TO HAVE A DISPUTE SETTLED BY ARBITRATION, THAT PARTY MUST FIRST
SEND TO THE OTHER PARTY, BY CERTIFIED MAIL, A WRITTEN NOTICE OF INTENT TO ARBITRATE. IF BUYER, SELLER OR ANY GUARANTOR DO NOT REACH
AN AGREEMENT TO RESOLVE THE CLAIM WITHIN 30 DAYS AFTER THE NOTICE IS RECEIVED, BUYER, SELLER OR ANY GUARANTOR MAY COMMENCE AN ARBITRATION
PROCEEDING WITH THE AMERICAN ARBITRATION ASSOCIATION ("AAA")
OR NATIONAL ARBITRATION FORUM ("NAF"). BUYER WILL PROMPTLY REIMBURSE SELLER OR THE GUARANTOR ANY ARBITRATION FILING FEE,
HOWEVER, IN THE EVENT THAT BOTH SELLER AND THE GUARANTOR MUST PAY FILING FEES, BUYER WILL ONLY REIMBURSE SELLER'S ARBITRATION FILING
FEE AND, EXCEPT AS PROVIDED IN THE NEXT SENTENCE, BUYER WILL PAY ALL ADMINISTRATION AND ARBITRATOR FEES. IF THE ARBITRATOR FINDS
THAT EITHER THE SUBSTANCE OF THE CLAIM RAISED BY SELLER OR THE GUARANTOR OR THE RELIEF SOUGHT BY SELLER OR THE GUARANTOR IS IMPROPER
OR NOT WARRANTED, AS MEASURED BY THE STANDARDS SET FORTH IN FEDERAL RULE OF PROCEDURE ll(B), THEN BUYER WILL PAY THESE FEES ONLY
IF REQUIRED BY THE AAA OR NAF RULES. SELLER AND THE GUARANTOR AGREE THAT, BY ENTERING INTO THIS AGREEMENT, THEY ARE WAIVING THE
RIGHT TO TRIAL BY JURY. BUYER, SELLER OR ANY GUARANTOR MAY BRING CLAIMS AGAINST ANY
OTHER PARTY ONLY IN THEIR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS
MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. FURTHER, BUYER, SELLER AND ANY GUARANTOR AGREE THAT THE ARBITRATOR
MAY NOT CONSOLIDATE PROCEEDINGS FOR MORE THAN ONE PERSON'S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE
OR CLASS PROCEEDING, AND THAT IF THIS SPECIFIC
PROVISION IS FOUND UNENFORCEABLE, THEN THE ENTIRETY OF THIS ARBITRATION CLAUSE SHALL BE NULL AND
VOID.

 

IO.RIGHT
TO OPT OUT OF ARBITRATION: SELLER AND GUARANTOR(S) MAY OPT OUT OF THIS CLAUSE. TO OPT OUT OF THIS ARBITRATION CLAUSE, SELLER
AND EACH GUARANTOR MUST SEND BUYER A NOTICE THAT THE SELLER AND EACH
GUARANTOR DOES NOT WANT THIS CLAUSE TO APPLY TO THIS AGREEMENT. FOR ANY OPT OUT TO BE EFFECTIVE, SELLER AND EACH GUARANTOR MUST
SEND AN OPT OUT NOTICE TO THE FOLLOWING ADDRESS BY REGISTERED MAIL, WITHIN 14 DAYS AFTER THE DATE OF THIS AGREEMENT: BUYER -
ARBITRATION OPT OUT, C6 CAPITAL,
LLC 351 E
84TH ST
SUITE #27E, NEW
YORK, NY
10028,

 

 

ATTENTION: LEGAL DEPARTMENT.

 

11. 
SERVICE OF PROCESS. IN
ADDITION TO THE METHODS OF SERVICE ALLOWED BY THE NEW YORK STATE CIVIL PRACTICE LAW &
RULES ("CPLR"), GUARANTOR HEREBY CONSENTS TO SERVICE OF PROCESS UPON IT BY REGISTERED
OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, SERVICE HEREUNDER SHALL BE COMPLETE UPON GUARANTOR'S ACTUAL RECEIPT OF PROCESS OR
UPON BUYER'S RECEIPT OF THE RETURN THEREOF BY THE UNITED STATES POSTAL SERVICE AS REFUSED OR UNDELIVERABLE. GUARANTOR MUST PROMPTLY
NOTIFY BUYER, IN WRITING, OF EACH AND EVERY CHANGE OF ADDRESS
TO

WHICH
SERVICE OF PROCESS CAN BE MADE. SERVICE BY BUYER TO THE LAST KNOWN ADDRESS SHALL BE SUFFICIENT. GUARANTOR WILL HAVE (30) CALENDAR
DAYS AFTER SERVICE HEREUNDER IS COMPLETE IN WHICH TO RESPOND. FURTHERMORE, GUARANTOR EXPRESSLY CONSENTS THAT ANY AND ALL NOTICE(S),
DEMAND(S), REQUEST(S) OR OTHER COMMUNICATION(S) UNDER AND PURSUANT TO THIS AGREEMENT FOR THE PURCHASE
AND SALE OF FUTURE RECEIVABLES SHALL BE DELIVERED IN ACCORDANCE WITH THE PROVISIONS OF THIS AGREEMENT FOR THE PURCHASE AND
SALE OF FUTURE RECEIVABLES.

 

12.  
Severability: If
for any reason any court of competent jurisdiction
finds any provisions of this
Guaranty to be void or voidable,
the parties agree that the court may reform such provision(s) to render the provision(s) enforceable ensuring that the restrictions
and prohibitions contained
in this
Guaranty shall be effective
to the fullest extent allowed
under applicable law.

 

13.  
Opportunity for Attorney Review: The
Guarantor represents that
it has carefully read this Guaranty
and has, or had a reasonable opportunity to,
consult with its attorney.
Guarantor understands the contents of this
Guaranty, and signs this Guaranty as its free act and deed.

 

14.  
Counterparts and Facsimile Signatures: This
Guaranty may be signed in
one or more counterparts, each of which shall constitute an original and all of which when taken together shall constitute one
and the same agreement.
Facsimile or scanned documents shall have the same legal force and effect as an original and shall
be treated as an original document for evidentiary purposes.

 

 

/s/ Carl Dorvil

 

 

 

 

 

 

 

 

 

 

AUTHORIZATION
AGREEMENT

FOR AUTOMATED CLEARING HOUSE
TRANSACTIONS

 

 

GEX
MANAGEMENT. INCJ
GEX MANAGEMENT INC OBA
MYEASYHQ/ ATHERIA,
UC/ DORVIL
FINANCIAL
GROUP.
LLC/
QUANTUM
ENERGY & FINANCE.
LLCI GEX INSTITUTE,

("Seller")
 hereby authorizes Buyer
("Buyer") to present automated
clearing house

(ACH)
debits to the following checking account in the amount of fees and other obligations due to Buyer from Seller under the terms of
that Agreement for the Purchase and Sale of Future Receipts (the "Agreement") entered
into between Seller and Buyer,
as it may be amended, supplemented or replaced from time to time. In
addition, if an Event of Default (as defined in the Agreement) occurs, Seller authorizes Buyer to debit any and all accounts
controlled by Seller or controlled by any entity with the same Federal
Tax Identification Number as Seller
up to the total amount,
including but not limited to, all
fees and charges, due to Buyer from Seller under the terms
of the Agreement.

 

Transfer
Funds To/From:Name of Bank: _
_ _ _

_ _ _

_ _ _

_ _
_ _

 

ABA
Transit/Routing #:-
-
- - -
-
-
- -
- - -

Checking
Account #: - - - - -
- - - - - - - - - -

This
authorization is to remain in full
force and effect until all obligations due to Buyer
under the Agreement have been fulfilled.

GEX MANAGEMENT,
INCJ GEX MANAGEMENT INC
D8A MYEASYHQ/ ATii
ERIA,LLC/ OORVll

FINANCIAL
GROUP, LLCJ QUAN
TUM
ENERGY &
FINANCE ,
U C/ GEX
INSTITUTE,
LLC/ SUCCESS

Seller
Information:

Seller's Nrune
:

TRAINING
INSTITIJTE. LLCJ
GROUP
EXCELLENCE MANAGEMENT,
LLC/ GXCELLENCE,

LLC/
MvEASvHa,
LLc,
succ ess
ovNASTY,
LL,
c us
caNsou□ATeur
 s.LLc
--- ---

 

Signature
of Authorized Representative:

 

 

 

/s/

Seller's
Tax ID· 56-2428818

Date: - -
- - - - - - -
- - - -

GEX
MANAGEMENT, INCJ
GEX MANAGEMENT INC OBA MYEASYHQ/
ATHERIA. UCJ DORVIL
FINANCIAL GROUP, U.C/ QUANTUM
ENERGY
& FINANC
E, LLC/
GEX INSTITUTE, LLC/
SUCC E
SS

 

	
        1

 

Seller'
s Name:
  1:
  ; !, 
g; i6
;s 
.e 67
G } g'sCLLLENc

 

/s/ Carl Dorvil

 

 

Print Name:
_ _ _ _

 

_ _
_

 

_ _
_ _

 

_ _ _ _

 

_ _
_ _

 

Title:_
_ _

_ _
_ _

_ _
_

_ _ _
_

_ _
_

_ _ _

Seller'
s Tax ID:
56-242881 8

Date:
- -
- -
- -
- -
- -
- - -

 

 

 

[Attached Voided Check Here]

 

 

Dear Seller,

 

 

Please
fill out the form below with the access information for your bank account, please write legibly and indicate lower/upper
case sensitivity.

 

Legal
Name/ DBA: _______________________

 

Bank portal
website:
 

 

 

Usemame: _
_

 

_ _ _ _ _

 

_ _ _

 

_ _ _
_

 

_ _ _ _

 

_ _ _

 

_ _
_

 

_ _ _ _

 

Password: _
_ _ _ _ _ _ _

_ _ _

_ _ _

_ _ _ _ _
_

_ _ _

_ _ _ _ _

 

Security
Question/Answer !: _
_ _ _

_ _ _ _

_ _ _

_ _ _ _ _

_ _ _

_ _ _

 

Security Question/Answer
2: 

 

Security Question/Answer
3: 

 

Security Question/Answer
4: 

 

Security Question/Answer
5: 

 

Security Question/Answer
6:_ _ _ _

_ _
_ _

_ _ _ _

_ _ _

_ _ _

_ _
_

 

Any other info1mation
necessary to access your account: _ _ _

_ _ _

_ _ _ _
_Exhibit 10.5

 

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

By

 

GEX Management,
Inc. (“Buyer”) And

Julia Hashemieh. (“Seller”)

 

 

 

 

    	 	1	 

     

    

 

 

 

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

THISMEMBERSHIPINTERESTPURCHASEAGREEMENT(this

“Agreement”)
is entered into effective as of May 4, 2018 (“Effective Date”) by and among GEX Management, Inc., a Texas corporation
(“Buyer”), and Julia Hashemieh, an individual residing in California (“Seller”) (collectively
“Parties” and individually “Party”), for the purchase of the 25% of the member interests
in Payroll Express, LLC, a California limited liability company (“PAYEX”).

 

RECITALS

 

WHEREAS, PAYEX is a limited liability company that
owns certain service agreements

of which true and correct copies have been reviewed
and sent to Buyer by Seller; and

 

WHEREAS,
the Seller owns one hundred percent (100%) of the member interests in PAYEX (the “PAYEX Member Interest”); and

 

WHEREAS,
Buyer wishes to buy from Seller, and Seller wishes to sell to Buyer the PAYEX Member Interests, subject to the terms and conditions
set forth herein;

 

NOW, THEREFORE,
in consideration of the mutual agreements and
covenants contained herein and for other good
and valuable consideration, the receipt
and sufficiency of which are
hereby acknowledged, Buyer and Seller hereby agree as follows:

 

 

Article I.

 

SALE AND PURCHASE OF PAYEX

 

1.0                                    
Sale and Purchase
of PAYEX Member Interest; Consideration.
The Seller hereby agrees, subject to
the terms and conditions of this
Agreement, to sell, assign,
transfer and deliver to Buyer at
the Closing (as hereinafter defined) free
and clear of all liens, claims,
charges, limitations, agreements, restrictions and encumbrances
whatsoever, the PAYEX Member Interest
for the consideration specified in
Section 1.1. The Seller hereby
transfers all title over the PAYEX Member
Interest to Buyer at the time of
Closing, which includes all rights and
obligations connected to the PAYEX
Member Interest including but not limited to all rights
to dividends, capital, all voting
rights and for avoidance of doubt
any dividends which are due but not yet paid
will become due and paid to Buyer. The
transfer is effective at the execution
of this Agreement
and the issuance of the consideration
defined in Section 1.2.

 

		1.1	Total Purchase
Price for PAYEX Member
Interest.
The total purchase price for the PAYEX Member Interest
shall be five hundred thousand dollars ($500,000) (“Cash
Consideration”).

 

1.2                              
Closing.
The closing of the sale
and purchase of the PAYEX Member Interest
to the Buyer shall take
place contemporaneously with the execution
of this Agreement at the
offices of the Seller (the “Closing”).
Buyer shall deliver to Seller
the Cash Consideration by initiating
a wire transfer to Seller’s
bank.

 

Article II. REPRESENTATIONS
AND WARRANTIES

2.0
Representations and Warranties of
Buyer. PAYEX and Seller
represents and warrants to and agrees
to Seller, as follows:

 

(a)   
Organization; Power and Authority; Authorization; Subsidiaries. PAYEX is a limited
liability company duly organized, validly existing and in good standing under the laws of the State of California and Seller has
full corporate power and authority to execute and deliver this Agreement and to perform the Seller’s obligations hereunder
and thereunder. Seller has all requisite power and authority and all authorizations, licenses and permits necessary to own, lease
and operate its properties and other assets, to conduct its businesses as presently conducted and as proposed to be conducted.
The execution, delivery and performance by Seller of this Agreement and has been duly and validly authorized by all necessary corporate
action.

 

(b)   
Non-Contravention; Governmental Authorities and Consents. The execution, delivery and
performance of this Agreement does not and will not violate, result in creation of a lien under, or cause a default or a breach
of any term or provision of (i) any statute or other law applicable to Buyer, (ii) any rule or regulation of any governmental agency
or authority applicable to Seller, (iii) any agreement, document or instrument to which Seller is a party or by which it is bound,
(iv) any judgment, order or decree of any court or governmental agency or authority applicable to Seller or PAYEX or (v) the organizational
documentation of PAYEX or any resolution of the Seller’s Board of Directors, members or managers. No consent, approval, or
other authorization is required on the part of any person, governmental authority or other entity in connection with the execution,
delivery and performance of this Agreement by the Seller.

 

(c)   
No Undisclosed Liabilities. PAYEX does not have any undisclosed liabilities or obligations
of any nature (whether accrued, absolute, contingent or otherwise) that would be required to be reflected on a balance sheet or
in notes thereto prepared in accordance with United States generally accepted accounting principles applied on a consistent basis,
except for liabilities or
obligations (i) disclosed
in Buyer’s financial
statements, (ii) incurred
in the

ordinary course of business
and consistent with past practices since the date of the latest Buyer balance sheet and (iii) that are not material in the aggregate
to PAYEX or Seller. Seller and PAYEX have filed all necessary tax returns and/or audit documentation with the proper tax and/or
regulatory authority.

 

(d)   
Bankruptcy Matters. Seller and PAYEX are not subject to any voluntary case under title
11 of the United States Code or any other bankruptcy, insolvency or similar law of any state, federal, foreign or other jurisdiction,
nor has any Person commenced an involuntary case against or involving the Seller and/or PAYEX under title 11 of the United States
Code or any other bankruptcy, insolvency any similar law of any state, federal, foreign or other jurisdiction.

 

(e)   
PAYEX’s Capitalization. All of the PAYEX Member Interest has been duly authorized,
are validly issued, fully paid and non-assessable, and are owned of record beneficially  by
 Seller,  free 
and  clear  of 
all  encumbrances.Upon consummation of the transactions contemplated herein,
Buyer shall own 25% of the PAYEX Member Interest free and clear of all encumbrances, with the option to purchase an additional,
non-dilutive 25% of PAYEX Member Interest at an exercise price of $500,000 in the future.

 

(f)   
All of the PAYEX Member Interest was issued in compliance with applicable laws. None of the
PAYEX Member Interest was issued in violation of any agreement, arrangement or commitment to which Seller is a party or is subject
to or in violation of any preemptive or similar rights of any person.

 

(g)   
Legal Proceedings; Governmental Orders. There is no claim, action, cause of action,
demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise whether at
Law or in equity (“Actions”) are pending or, threatened or accrued (i) against or by PAYEX and/or Seller affecting
any of its properties or assets or (ii) against or by PAYEX and/or Seller that challenges or seeks to prevent, enjoin or otherwise
delay the transactions contemplated by this Agreement.

 

(i) Assets
and Real Property of PAYEX. PAYEX owns certain service agreements (the “Service Agreements”) that have been
received and sent to Buyer, in their true and correct form. The Service Agreements are free from any mortgages, liens, pledges,
charges, encumbrances, equities, claims, covenants, conditions or restrictions except as shown on the financial records of PAYEX
or disclosed herein by PAYEX and/or Seller.

 

2.1                              
Representations and Warranties of
Buyer.Buyer represents and warrants and agrees to Seller, as follows:

 

(a)   
Organization of the Buyer. Buyer is a Texas corporation and is duly organized, validly
existing, and in good standing in the State of Texas.

 

(b)   
Authorization of Transaction. Seller, through its Board of Directors, has full capacity,
power and authority to execute and deliver this Agreement and to perform its obligations hereunder and to consummate the transactions
contemplated hereby. Buyer does not need to give any notice to, make any filing with, or obtain any authorization, consent,
or approval of any government or governmental agency in order to consummate the transactions contemplated by this
Agreement.

 

(c)   
Noncontravention. To Buyer’s knowledge, neither the execution and the delivery
of this Agreement, nor the consummation of the transactions contemplated hereby, will in any material respect (A) violate any constitution,
statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental
agency, or court to which Buyer or is subject or any provision of its organization documents, as applicable or (B) conflict with,
result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement
to which Buyer is a party or by which any of Buyer's assets is subject.

 

 

Article
III. INDEMNIFICATION

Seller shall defend, indemnify and hold Buyer and
its officers, directors, and affiliates

(collectively, the “Buyer’s Indemnified Parties”) harmless from any and all Third
Party Claims and Losses resulting from (a) any material breach or material inaccuracy of a representation or warranty of Seller
and/or PAYEX contained in this Agreement; or (b) any failure by Seller to perform or comply with any covenant applicable to it
contained in this Agreement. Seller’s liability under
this indemnification provision will
not be limited to the amount that Buyer
has paid
to the Seller under this
Agreement.

 

 

Article
IV. GENERAL

4.0                              
Expenses. Except as otherwise expressly provided herein, all costs and expenses, including,
without limitation, fees
and disbursements of
counsel, financial advisors
and

accountants, incurred in connection
with this Agreement and the transactions contemplated herein shall be paid by the Party incurring such costs and expenses, whether
or not the Closing shall have occurred.

 

4.1                              
Assignment. This Agreement and the other agreements entered into by the Parties in
connection herewith will be binding on the Parties hereto and their respective heirs, estates, guardians, executors, administrators,
successors and assigns; provided, however, other than the Parties and their respective heirs, estates, guardians, executors, administrators,
successors and assigns, nothing in this Agreement express or implied, is intended to confer upon any other Person any rights, remedies,
obligations or liabilities of any nature whatsoever under or by reason of this Agreement.

 

4.2                              
Severability. If any term of this Agreement is held by a court of competent jurisdiction
to be invalid, void or unenforceable, then (a) such provision will be interpreted, construed or reformed to the extent reasonably
required to render the same valid, enforceable and consistent with the original intent underlying such provision; (b) such provision
will remain in effect to the extent it is not invalid or unenforceable; and (c) the remainder of this Agreement shall remain in
full force and effect and shall in no way be invalidated.

 

4.3                              
Waiver. A delay or failure in enforcing any right or remedy afforded hereunder or by
law shall not prejudice or operate to waive that right or remedy or any other right or remedy for a future breach of this Agreement,
whether of a like or different character.

 

4.4                              
Governing Law. This Agreement, including any exhibits attached hereto, shall be construed
in accordance with the substantive and procedural laws of the United States and the State of Texas applicable to agreements executed
and wholly performed therein, without regard to rules or principles of conflict of laws that might require the application of the
laws of any other jurisdiction.

 

4.5                              
Entire Agreement. This Agreement, including any exhibits attached hereto, sets forth
the entire agreement between the Parties and supersedes all contracts, proposals or agreements, whether oral or in writing, and
all negotiations, discussions and conversations, between the Parties with respect to the subject matter contained in this Agreement.
Any policies, agreements or understandings made between the Parties relating to the subject matter of this Agreement and not explicitly
set forth in this Agreement are void and unenforceable. This Agreement may be amended, supplemented or modified only by a written
instrument duly executed by or on behalf of each Party
hereto.

 

4.6                  
Counterparts. This Agreement may be executed in counterparts, each of which shall be
considered an original hereof but all of which together shall constitute one agreement. It is the express intent of the Parties
to be bound by the exchange of signatures on this Agreement viaelectronictransmissionsororiginalsignatures.

 

 

IN WITNESS WHEREOF, each of the
Parties hereto, intending to be legally bound, has executed this Agreement as of the date first set forth above.

  

 

	 	Buyer:
	 	GEX Management, Inc.
	 	 
	 	/s/ Carl Dorvil
	 	Carl Dorvil, Chief Executive Officer and Chairman
	 	 
	 	 
	 	Seller:
	 	Julia Hashemich
	 	 
	 	By: /s/ Julia Hashemich
	 	__________________________________________
	 	 
	 	 
	 	PAYEX:
	 	Payroll Express, LLC
	 	 
	 	By: /s/ Julia Hashemieh
	 	           Julia H., Manager

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