Document:

Exhibit

Execution Version

PERFORMANCE GUARANTY
PERFORMANCE GUARANTY (this “Guaranty”), dated as of September 23, 2020, by Fox Sports Net, LLC, a Delaware limited liability company (“FSN”), in favor of Credit Suisse AG, New York Branch, as the Administrative Agent under the Loan Agreement (as defined below) for the benefit of itself, each Lender, each Secured Party and, with respect to any Indemnified Losses, any other Indemnified Party (the “Administrative Agent”), during the period from and including the date hereof to but excluding the Guaranty Termination Date (as defined below). Capitalized terms used herein that are not otherwise defined shall have the meaning ascribed thereto in the Loan Agreement.
WHEREAS, concurrently herewith, the Originators are entering into that certain Initial Purchase and Sale Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Initial Purchase and Sale Agreement”), among the Originators and Diamond Sports Finance SPV, LLC (the “Borrower”);
WHEREAS, from time to time following the Closing Date, certain JV Originators may enter into one or more JV Purchase and Sale Agreements (as amended, restated, supplemented or otherwise modified from time to time, the “JV Purchase and Sale Agreements”), among the applicable JV Originator(s) and the Borrower;
WHEREAS, concurrently herewith, FSN and the Borrower are entering into a credit facility pursuant to, among other agreements, a Loan and Security Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), among FSN, as Initial Servicer, the Borrower, Wilmington Trust, National Association, as Collateral Agent, Paying Agent and Account Bank, the lenders from time to time party thereto and the Administrative Agent;
WHEREAS, in accordance with the Loan Agreement, it is a condition precedent to the effectiveness of the Loan Agreement that FSN provide this performance guaranty in favor of the Administrative Agent, for the benefit of itself, each Lender, each Secured Party and, with respect to any Indemnified Losses, any other Indemnified Party;
NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, FSN hereby agrees:
Section 1.Performance Guaranty.  (a) FSN hereby irrevocably and unconditionally guarantees the due and punctual performance and observance by each Specified FSN Entity, as Originator or JV Originator or in its individual capacity or any other capacity under the Transaction Documents to which  any Specified FSN Entity is a party, of its obligations under the Transaction Documents and of all of the terms, covenants, conditions, agreements and undertakings to be performed or observed by any Specified FSN Entity, in any capacity, under the Transaction Documents in accordance with the terms hereof and thereof including any agreement of any Specified FSN Entity, in any capacity, to pay any money under the Transaction Documents (all such terms, covenants, conditions, agreements and undertakings to be performed or observed by any Specified FSN Entity, in any capacity, being collectively referred to as the “Guaranteed Obligations”), in each case after any applicable grace periods or notice requirements, according to 

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the terms of the Transaction Documents; provided, however, that FSN shall not be liable to make any payment in respect of a Guaranteed Obligation (each, a “Guaranteed Payment Obligation”) until two (2) Business Days (as used herein, a “Business Day” shall refer to a day other than a Saturday or a Sunday on which commercial banks are open for business in New York City) following receipt by FSN of written notice from the Administrative Agent that such a Guaranteed Payment Obligation is due that has not been satisfied by any Specified FSN Entity, in any relevant capacity under the Transaction Documents .  In the event that any Specified FSN Entity, in any relevant capacity, shall fail in any manner whatsoever to perform or observe any of the Guaranteed Obligations when the same shall be required to be performed or observed (after any applicable grace periods and notice requirements, according to the terms of the applicable Transaction Document, and the notice requirements set forth in the preceding sentence), then FSN will itself duly perform or observe, or cause to be duly performed or observed, such Guaranteed Obligation, and it shall not be a condition to the accrual of the obligation of FSN hereunder to perform or observe any Guaranteed Obligation, or to cause such Guaranteed Obligation to be performed or observed, that the Administrative Agent shall have first made any request of or demand upon or given any notice to FSN (other than the notice required pursuant to the preceding sentence) or to any Specified FSN Entity or its successors or assigns, or have instituted any action or proceeding against FSN or any Specified FSN Entity or its successors or assigns in respect thereof.  The obligations of FSN hereunder shall be unsubordinated and rank pari passu with the senior unsecured debt of FSN.  FSN hereby agrees that its obligations hereunder shall be unconditional, irrespective of (i) the validity, regularity or enforceability of any Transaction Document, any change therein or amendment thereto, the absence of any action by Administrative Agent or any Secured Party to assert any claim or demand or to exercise or enforce any right or remedy under the provisions of any Transaction Document or otherwise, any waiver or consent by any Specified FSN Entity, in any capacity, with respect to any provision thereof, the recovery of any judgment against any Specified FSN Entity, in any capacity, or any action to enforce the same, or any other circumstances which may otherwise constitute a legal or equitable discharge or defense of a guarantor and (ii) any difference between the law selected as the governing law of any applicable Transaction Document and the law selected as the governing law of this Guaranty.  FSN covenants that this Guaranty will not be discharged except by complete performance and satisfaction in full of the Guaranteed Obligations.  Notwithstanding anything to the contrary contained herein, this Guaranty shall be discharged in its entirety on the Guaranty Termination Date; provided, however, that this Guaranty shall not be discharged on the Guaranty Termination Date in respect of any claims made pursuant to and in accordance with this Guaranty prior to the Guaranty Termination Date, which have not yet been satisfied. For the avoidance of doubt and notwithstanding anything to the contrary herein or in any Transaction Document, this Guaranty is a guaranty of payment and performance and not of collection. The Administrative Agent shall not be obligated to enforce or exhaust its remedies against any Specified FSN Entity or under any Transaction Document before proceeding to enforce this Guaranty. For the sake of clarity, and without limiting the foregoing, it is expressly acknowledged and agreed that the Guaranteed Obligations do not include the payment or guaranty of any amounts to the extent such amounts constitute recourse with respect to a Pool Receivable by reason of the insolvency, bankruptcy, lack of creditworthiness or other financial inability to pay of the related Obligor.

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(b)    FSN herby waives (i) promptness and diligence; (ii) notice of the incurrence of any additional obligations by any Specified FSN Entity; (iii) notice of any actions taken by the Administrative Agent, any Lender or any Secured Party under any Transaction Document; (iv) acceptance of this Guaranty and reliance thereon by the Administrative Agent, each Lender and each Secured Party; (v) any failure of any Secured Party to disclose to any DSG Party any information relating to the business, condition (financial or otherwise), operations, performance, properties, or prospects of any other DSG Party now or hereafter known to such Secured Party, and any duty of any Secured Party to disclose such information and (vi) presentment, demand of payment, notice of dishonor or nonpayment, protest and notice of protest with respect to the Guaranteed Obligations, and all other formalities of every kind in connection with the enforcement of the Guaranteed Obligations, the omission of or delay in which might constitute grounds for relieving FSN of its obligations under this Guaranty.
(c)    FSN, in respect of any amounts owing from any Specified FSN Entity, in any capacity under the Transaction Documents, that are paid by FSN pursuant to the provisions of this Guaranty to any third party, shall be subrogated to all rights of such third party to receive payments of such amounts from any Specified FSN Entity; provided, however, that FSN shall be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation only after all amounts payable under the Loan Agreement and all Guaranteed Payment Obligations have been paid in full.
(d)    FSN further agrees that, to the extent that any Guaranteed Payment Obligation is made by or on behalf of any Specified FSN Entity, which Guaranteed Payment Obligation or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to any Specified FSN Entity or the estate, trustee, receiver or any other party relating to any Specified FSN Entity, including FSN, under any bankruptcy law, state or federal law, common law or equitable cause then, to the extent of the amount so set aside or required to be repaid, the Guaranteed Payment Obligation or part thereof which had been paid, reduced or satisfied by such amount shall be reinstated and continued in full force and effect as of the date such initial payments, reduction or satisfaction occurred.
Section 2.    Representation and Warranties. FSN hereby represents and warrants as follows:
(a)    Organization and Powers. FSN is (i) duly organized, validly existing and in good standing (to the extent such concept exists in the relevant jurisdictions) under the laws of Delaware, (ii) has the corporate or other organizational power and authority to participated in the transactions contemplated by this Guaranty and the other Transaction Documents and to execute, deliver and perform its obligations under each Transaction Document to which it is a party, and (iii) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except in the case of clause (iii) where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
(b)    Authorization and Enforceability. This Guaranty has been duly authorized, executed and delivered by FSN and constitutes, and each other Transaction Document to which it is to be a party, when executed and delivered by FSN, will constitute, a legal, valid and binding 

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obligation of FSN, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(c)    No Violation. The transactions contemplated by this Guaranty and the other Transaction Documents (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except filings necessary to perfect Liens created under the Transaction Documents, (ii) will not violate the limited liability company agreement of FSN, (iii) will not violate any requirements of Applicable Law applicable to FSN, (iv) will not conflict with, result in any breach or (without notice or lapse of time or both) a default under any other agreement or instrument to which FSN is a party or by which it or any of its properties is bound and (v) will not result in the creation or imposition of any Lien on any asset of the FSN except Liens created under the Transaction Documents, except in the case of each of clauses (i), (iii) and (iv) to the extent that the failure to obtain or make such consent, approval, registration, filing or action, or such violation, as the case may be, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
Section 3.    Covenants. 
(a)    Covenants in Loan Agreement and Other Transaction Documents.  All covenants of or with respect to the Performance Guarantors made in the Loan Agreement or in any other Transaction Document (as they apply to FSN) are repeated herein as though fully set forth herein and FSN agrees to comply with such covenants.    
(b)    Further Assurances. FSN shall do such further acts and things, and execute and deliver to the Administrative Agent such additional assignments, agreements, powers of attorney and instruments, as are necessary or desirable to carry into effect the purposes of this Guaranty or the other Transaction Documents or to better assure and confirm unto the Administrative Agent and the other Secured Parties their rights, powers and remedies hereunder. If FSN fails to perform any of its agreements or obligations under this Section 3(b), then the Administrative Agent may, upon notice to FSN, perform such agreement or obligation to the extent practicable, and the actual and reasonable out-of-pocket expenses of the Administrative Agent incurred in connection therewith shall be payable by FSN upon the Administrative Agent‘s demand therefor.
Section 4.    Miscellaneous.
Section 4.1    Notices.  All notices to FSN under this Guaranty, until FSN furnishes written notice to the contrary, shall be in writing and mailed, electronically mailed (with confirmation thereof by reply email from the intended recipient or a read receipt (provided that an automatically generated out-of-office reply shall not constitute a read receipt)), faxed or hand delivered to: 10706 Beaver Dam Rd., Cockeysville, MD 21030; Attention:  Lucy Rutishauser; Email:     lrutisha@sbgtv.com; ncwittich@sbgtv.com; dbochenek@sbgtv.com.

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Section 4.2    Governing Law.  THIS GUARANTY, AND ALL MATTERS ARISING FROM OR IN ANY MANNER RELATING TO THIS GUARANTY, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK.  
Section 4.3    Submission to Jurisdiction.  The Administrative Agent may enforce any claim arising out of this Guaranty in any State or federal court having subject matter jurisdiction and located in New York, New York.  For the purpose of any action or proceeding instituted with respect to any such claim, FSN hereby irrevocably submits to the jurisdiction of such courts.  FSN irrevocably consents to the service of process out of said courts by mailing a copy thereof, by registered mail, postage prepaid, to FSN, as the case may be, and agrees that such service, to the fullest extent permitted by law, (i) shall be deemed in every respect effective service of process upon it in any such suit, action or proceeding and (ii) shall be taken and held to be valid personal service upon and personal delivery to it.  Nothing herein contained shall affect the right of the Administrative Agent to serve process in any other manner permitted by law or preclude the Administrative Agent from bringing an action or proceeding in respect hereof in any other country, state or place having jurisdiction over such action.  FSN hereby irrevocably waives, to the fullest extent permitted by law, any objection which it may have or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court located in New York, New York and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum.
Section 4.4    Jury Trial.  EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, ANY CREDIT EXTENSION, THIS GUARANTY OR ANY OTHER DOCUMENTS AND INSTRUMENTS EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN), OR ACTIONS OF ANY PARTY HERETO.  THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS GUARANTY.
Section 4.5    Interpretation.  The headings of the sections and other subdivisions of this Guaranty are inserted for convenience only and shall not be deemed to constitute a part hereof.
Section 4.6    Attorney’s Cost.  FSN agrees to pay all reasonable and actual out-of-pocket attorney’s fees and disbursements and all other reasonable and actual out-of-pocket costs and expenses which may be incurred by the Administrative Agent in the enforcement of this Guaranty, in accordance with the provisions of Section 12.04 of the Loan Agreement (as if such obligations applied to FSN in lieu of the Borrower).
Section 4.7    Set-off.  The obligations of FSN under this Guaranty shall not be subject to any counterclaim, setoff, deduction or defense based upon any related or unrelated claim which FSN may now or hereafter have against the Administrative Agent or any Secured Party.  The Administrative Agent is hereby authorized (in addition to any other rights it may have under the Loan Agreement or other Transaction Documents) to setoff, appropriate and apply (without 

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presentment, demand, protest or other notice which are hereby expressly waived) any deposits and any other indebtedness held or owing by the Administrative Agent or any other Secured Party (including by any branches or agencies of such Secured Party) to, or for the account of FSN or any Specified FSN Entity against amounts owing by FSN hereunder (even if contingent or unmatured). 
Section 4.8    Currency of Payment.  Any payment to be made by FSN shall be made in the same currency as designated for payment in the Loan Agreement and such designation of the currency of payment is of the essence.
Section 4.9    Defined Terms; Rules of Construction.  As used herein, the following terms shall have the meaning set forth below.  
 “Administrative Agent” has the meaning set forth in the preamble.
“Borrower Obligation” has the meaning set forth in the Loan Agreement.
“Credit Extension” has the meaning set forth in the Loan Agreement.
“FSN” has the meaning set forth in the preamble.
“Guaranteed Obligation” has the meaning set forth in Section 1(a).
“Guaranteed Payment Obligation” has the meaning set forth in Section 1(a).
“Guaranty” has the meaning set forth in the preamble.
“Guaranty Termination Date” shall mean the date upon which each Originator’s obligations and the Borrower Obligations have been paid in full and the Loan Agreement and related Transaction Documents have been terminated in accordance with the terms thereof.
“Indemnified Losses” means “Originator Indemnified Amounts” as defined in the Initial Purchase and Sale Agreement (and shall include any equivalent term used in any JV Purchase and Sale Agreement).
“Indemnified Party” means “Originator Indemnified Party” as defined in the Initial Purchase and Sale Agreement (and shall include any equivalent term used in any JV Purchase and Sale Agreement).
“JV Originator” has the meaning set forth in the Loan Agreement.
“Loan Agreement” has the meaning set forth in the recitals.
“Lender” has the meaning set forth in the Loan Agreement.
“Originator” has the meaning set forth in the Initial Purchase and Sale Agreement (and shall include, for the avoidance of doubt, any additional Person added as “Originator” thereunder from time to time in accordance with Article IX thereof). 

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“Specified FSN Entity” means each Originator and any JV Originator that becomes party to any JV Purchase and Sale Agreement from time to time following the Closing Date. 
“Secured Party” has the meaning set forth in the Loan Agreement.
“Transaction Documents” has the meaning set forth in the Loan Agreement.
The foregoing defined terms shall be equally applicable to both the singular and plural forms of the defined terms.  Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes.  All terms used in Article 9 of the UCC in the State of New York and not specifically defined herein are used herein as defined in such Article 9, unless the context requires application of another jurisdiction’s UCC, in which case, such terms are defined as in the UCC of that jurisdiction.  The words “hereof”, “herein”, “hereunder” and similar terms when used in this Guaranty shall refer to this Guaranty as a whole and not to any particular provision of this Guaranty, and article, section, subsection, schedule and exhibit references herein are references to articles, sections, subsections, schedules and exhibits to this Guaranty unless otherwise specified.  The term “include” and all variations thereon shall mean “include without limitation” and the term “or” shall include “and/or”. Any reference in this Guaranty to any agreement means such agreement as it may be amended, restated, supplemented or otherwise modified from time to time.  Any reference in this Guaranty to any law, statute, regulation, rule or other legislative action shall mean such law, statute, regulation, rule or other legislative action (and any successor thereto) as amended, supplemented or otherwise modified from time to time, and shall include any rule or regulation promulgated thereunder. Unless otherwise stated in this Guaranty, in the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding.”
Section 4.10    Binding Effect; Assignability; Amendment.  This Guaranty shall be binding upon and inure to the benefit of the Administrative Agent, on behalf of each Lender and each Secured Party, and its successors and permitted assigns.  FSN may not (i) assign, transfer, hypothecate or otherwise convey any of its rights or obligations hereunder or interests herein, or (ii) amend this Guaranty, in each case, without the express prior written consent of the Administrative Agent.  Any such purported assignment, transfer, hypothecation, other conveyance, or amendment by FSN without the prior express written consent of the Administrative Agent shall be void. No amendment or waiver of any provision of this Guaranty shall be effective unless the same shall be in writing and signed by the Administrative Agent and FSN.   
Section 4.11    No Waiver; Remedies.  The failure by the Administrative Agent, at any time or times, to require strict performance by FSN of any provision of this Guaranty shall not waive, affect or diminish any right of the Administrative Agent thereafter to demand strict compliance and performance herewith or therewith.  Any suspension or waiver of any breach or default hereunder shall not suspend, waive or affect any other breach or default whether the same is prior or subsequent thereto and whether the same or of a different type.  None of the undertakings, agreements, warranties, covenants and representations of FSN contained in this Guaranty, and no breach or default by FSN hereunder or thereunder, shall be deemed to have been suspended or waived by the Administrative Agent unless such waiver or suspension is by an instrument in writing signed by an officer of or other duly authorized signatory of the Administrative Agent and directed to FSN 

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specifying such suspension or waiver.  The rights and remedies of the Administrative Agent under this Guaranty shall be cumulative and nonexclusive of any other rights and remedies that the Administrative Agent may have under any other agreement, including the Transaction Documents, by operation of law or otherwise.
Section 4.12    Severability.  Any provision of this Guaranty which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability, and such prohibition or unenforceability shall not invalidate such provision to the extent it is not prohibited or unenforceable in any other jurisdiction, nor invalidate the remaining provisions hereof or thereof.
Section 4.13    Administrative Agent Rights.  Notwithstanding any provision hereof to the contrary, the Administrative Agent shall be entitled to all of the same rights, protections, immunities and indemnities set forth in the Loan Agreement as if set forth herein, mutatis mutandis.
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IN WITNESS HEREOF, the undersigned have signed this Guaranty as of the date first written above.
Fox Sports Net, LLC 
 
By: /s/ Christopher Ripley               
Name:  Christopher Ripley
Title:    Chief Executive Officer 

[Signature Page to Performance Guaranty]

ACKNOWLEDGEMENT AND AGREEMENT
The Administrative Agent (for the benefit of itself, each Lender, each Secured Party and, with respect to any Indemnified Losses, any other Indemnified Party) hereby acknowledges and consents to the provisions of the foregoing Guaranty.
Credit Suisse AG, New York Branch, as Administrative Agent 
  
By: /s/ Enrique Flores                    
Name:  Enrique Flores 
Title:    Vice President

By: /s/ Patrick J. Hart               
Name:  Patrick J. Hart
Title:    Director

[Signature Page to Performance Guaranty Acknowledgment]Exhibit
10.1

 

NOTE
PURCHASE AGREEMENT 

 

Preliminary
Statement

 

USA
Equities Corp., a Delaware corporation (the “Company”), by this Note Purchase Agreement (this “Subscription
Agreement” or this “Agreement”) is offering to “accredited investors” (as defined in Rule 501 of
Regulation D of the Securities Act of 1933, as amended, hereinafter referred to as the “Securities Act”) up to five
hundred thousand ($500,000) dollars principal amount of its Convertible Notes (the “Offering”), in reliance upon the
exemption from the registration requirements of the Securities Act provided by Rule 506 of Regulation D. The minimum investment
is for a Convertible Note (a “Note,” collectively, the “Notes”) in the principal amount of twenty-five
thousand ($25,000) dollars, provided that the Company reserves the right in its absolute discretion to accept subscriptions for
less than the minimum investment.

 

The
Offering will continue until September 15, 2020 (or such earlier date upon which Notes in the aggregate principal amount of five
hundred thousand ($500,000) dollars are sold, unless extended by the Company for an additional period extending to October 15,
2020 (the date upon which this Offering terminates is hereinafter referred to as the “Termination Date”). The Company
reserves the right to reject any offer to purchase a Note, in whole or in part, at any time or to withdraw the Offering at any
time prior to the initial closing. Funds received from investors whose offers the Company does not accept, in whole or in part,
will be returned to them, without accrued interest or deduction.

 

Investors
should send payment of the purchase price by check payable to “USA Equities Corp.” 901 Northpoint Parkway, Suite 302,
West Palm Beach, Florida 33407. If requested, wire information will be provided so that you can wire the amount of your subscription
to the Company.

 

The
offering price of each Note is equal to the principal amount of the Note. Thus, to acquire a Note in the original principal amount
of twenty-five thousand ($25,000) dollars, an investor must remit twenty-five thousand ($25,000) dollars to the Company. Each
Note will mature on September 30, 2022, approximately 24 months from the date of issuance. At maturity, the Company will have
the option of paying the Notes in cash or in common stock of the Company valued at twenty (20%) percent discount to the then market
price of the common stock or, if greater, ten ($0.10) cents. The form of the Note is annexed hereto as Exhibit 1. The principal
amount and interest accrued on each Note is convertible at the option of the holder and, at maturity at the option of the Company,
into shares of the common stock of the Company on the terms and conditions set forth in the Note. Further, upon conversion of
a Note or an election by the Company to satisfy a Note with shares of its common stock, the holder thereof will receive a warrant
(individually, a “Warrant,” collectively, the “Warrants”) to purchase twenty-five (25%) percent of the
number of shares issued upon conversion or satisfaction of the Note at an exercise price equal to one hundred fifty (150%) percent
of the price used to determine the number of shares issued pursuant to the Note. The terms and conditions thereof are set forth
in the form of Warrant annexed hereto as Exhibit 2.

 

If
an offer is accepted by the Company, the investor will be mailed an executed counterpart of this Subscription Agreement indicating
acceptance by the Company together with a Note in the amount of his subscription. Until such execution and delivery of this Note
Purchase Agreement by the Company, no subscription offer will be deemed accepted.

 

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SECTION
1

 

1.1
Subscription. The undersigned investor (the “Investor”), intending to be legally bound, hereby irrevocably
subscribes for and agrees to purchase a Note in the principal amount indicated on the signature page hereto (the “Acquired
Note”). The undersigned hereby irrevocably commits to pay the amount set forth on the signature page hereto contemporaneously
with execution of this Agreement, in exchange for the Acquired Note. The Investor understands and acknowledges that this subscription
is irrevocable. Investor will deliver the payment due hereunder by check payable to the Company or by wire transfer to an account
designated by the Company. The Company will return to the Investor a counter-executed copy of this Agreement to confirm its acceptance
of this subscription together with the duly executed Acquired Note.

 

SECTION
2

 

2.1
Investor Representations, Warranties and Covenants. The undersigned Investor hereby acknowledges, represents and warrants
to, and agrees with, the Company as follows:

 

(a)
Investment Purposes. The undersigned is acquiring the Acquired Note for his own account as principal, not as a nominee
or agent, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof in whole
or in part in a transaction that would be in violation of the Securities Act or the securities laws of any other applicable jurisdiction.
No other person has a direct or indirect beneficial interest in, and the undersigned does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with
respect to, the Acquired Note or any part of the Acquired Note for which the undersigned is subscribing that would be in violation
of the Securities Act or the securities laws of any other applicable jurisdiction.

 

(b)
Authority. The undersigned has full power and authority to enter into this Agreement, the execution and delivery of this
Agreement has been duly authorized, if applicable, and this Agreement constitutes the valid and legally binding obligation of
the undersigned.

 

2.1.1
Exemption from Registration. The undersigned acknowledges his understanding that the sale of the Acquired Note is intended
to be exempt from registration under the Securities Act. In furtherance thereof, in addition to the other representations and
warranties of the undersigned made herein, the undersigned further represents and warrants to and agrees as follows:

 

(a)
Investment Experience. The undersigned has such knowledge and experience in finance, securities, taxation, investments
and other business matters as to evaluate investments of the kind described in this Agreement. By reason of the business and financial
experience of the undersigned, the undersigned can protect his own interests in connection with the transactions described in
this Agreement.

 

    	2

     

    

 

(b)
No Reliance. Other than as set forth herein, the undersigned is not relying upon any other information, representation
or warranty by the Company, the directors or any officer, agent or representative of the Company, in determining to invest in
the Acquired Note. The undersigned has consulted, to the extent deemed appropriate by the undersigned, with the undersigned’s
own advisers as to the financial, tax, legal and related matters concerning an investment in the Acquired Note and on that basis
believes that his investment in the Acquired Note is suitable and appropriate for the undersigned.

 

(c)
No General Solicitation. The undersigned is not subscribing for the Acquired Note as a result of or subsequent to any advertisement,
article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio;
or presented at any seminar or similar gathering; or any solicitation of a subscription by a person, other than personnel of the
Company, previously not known to the undersigned.

 

(d)
No Other Representations. No representations or warranties have been made to the undersigned by the Company, or any officer,
employee, agent, affiliate or subsidiary of the Company, other than the representations of the Company contained herein, and in
subscribing for the Acquired Note the undersigned is not relying upon any representations other than those contained herein.

 

(e)
Residency. The undersigned’s principal business address is in the jurisdiction set forth on the signature page hereof,
and the undersigned has no present intention to move such principal business address from such jurisdiction.

 

(f)
Accredited Investor. The undersigned is an “accredited investor” (as defined in Rule 501(a) Regulation D of
the Securities Act) as indicated on Appendix I annexed hereto.

 

(g)
Legend. The undersigned acknowledges that neither the Securities and Exchange Commission (the “SEC”), nor the
securities regulatory body of any state or other jurisdiction, has received, considered or passed upon the accuracy or adequacy
of the information and representations made in this Agreement.

 

The
undersigned acknowledges that the Acquired Note, the Warrant issuable upon conversion of a Note and the shares issuable upon conversion
of the Acquired Note or exercise of the Warrant (the “Underlying Shares,” collectively with the Acquired Note and
Warrant, the “Securities”) may not be sold, transferred, or otherwise disposed of without registration under the Securities
Act or an exemption therefrom, and that in the absence of an effective registration statement covering the Securities or any available
exemption from registration under the Securities Act, the Securities may have to be held indefinitely. The undersigned also understands
and acknowledges that the Company is under no obligation to register any of the Securities for resale or other disposition under
the Securities Act. The undersigned further agrees that if in connection with an offering of the Company’s
securities the underwriter or placement agent requests that the undersigned enter into a lockup agreement, the undersigned will
enter into a lock up agreement substantially identical to such lock up agreement as may be agreed to by the officers of the Company
provided the term thereof shall not exceed one year.

 

    	3

     

    

 

The
undersigned agrees to the imprinting of a legend on any certificate representing the Acquired Note, Warrant and Underlying Shares
or the placement of a stop transfer order in the records of the transfer agent of the Company in the following form:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.”

 

(h)
Investment Commitment. The undersigned’s overall commitment to investments which are not readily marketable is not
disproportionate to the undersigned’s net worth, and an investment in the Subscribed Offered Shares will not cause such
overall commitment to become excessive.

 

(i)
Highly Speculative Investment. The undersigned recognizes that an investment in the Company and the Acquired Note is highly
speculative and involves a high degree of risk, and that only investors who can afford the loss of their entire investment should
consider investing in the Company and the Notes since the Company will require additional financing and is subject to all of the
risks generally associated with an investment in an early stage company as well as other risks relating to the business and industry
in which the Company competes or may compete, and he may not be able to liquidate his investment in the Acquired Note. The Investor
recognizes further that the Company may satisfy the Note by delivering shares of its common stock to the Investor and there then
may be no market for the Company’s common stock.

 

The
undersigned acknowledges that in addition to the foregoing, the Company and the Acquired Notes are subject to a variety of risks,
including, those set forth on Appendix A hereto.

 

(j)
Receipt of Information. The undersigned has received all documents, records, books and other information pertaining to
the undersigned’s investment that has been requested by the undersigned and the undersigned has been afforded the opportunity
to ask questions of the representatives of the Company to obtain any information necessary to verify the accuracy of any representations
or information made or given to the undersigned.

 

    	4

     

    

 

(k)
No Governmental Review. The undersigned is aware that no federal or state agency has (i) made any finding or determination
as to the fairness of this investment, (ii) made any recommendation or endorsement of the Acquired Note, or (iii) guaranteed or
insured any investment in the Acquired Note.

 

2.1.2
Representations and Warranties with Respect to Prohibited Activities. The undersigned represents, warrants and covenants
that:

 

(a)
He or it has not been designated by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”)
as a Specially Designated National or blocked person, that he has no reason to believe that he would be considered a blocked person
by OFAC and the undersigned does not reside in a restricted country. The undersigned also represents that he is not employed by,
acting as an agent of, or partially owned or controlled by a government, a government-controlled entity or a government corporation;
and to the extent the undersigned has any beneficial owners, (A) he has carried out thorough due diligence to establish the identities
of such beneficial owners, (B) based on such due diligence, the undersigned reasonably believes that no such beneficial owners
were or are (i) acting in contravention of any U.S. or international laws and regulations, including anti-money laundering regulations
or conventions, (ii) acting on behalf of terrorists or terrorist organizations, including those persons or entities that are included
on the List of Specially Designated Nationals and Blocked Persons maintained by OFAC, (iii) acting for a senior foreign political
figure, any member of a senior foreign political figure’s immediate family or any close associate of a senior foreign political
figure or (iv) acting for a foreign shell bank (such persons or entities in (i) - (iv) are collectively referred to as “Prohibited
Persons”), (C) he holds the evidence of such identities and status and will maintain all such evidence for at least five
years from the date hereof and (D) he will make available such information and any additional information that the Company may
require upon request.

 

(b)
He or it is not currently the subject or target of and has not been designated a “specially designated national” or
“blocked person” by the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other
sanctions authority, nor is the undersigned located, organized or resident in a country or territory that is the subject or a
target of a comprehensive embargo or prohibiting trade with that country.

 

(c)
He or it has not engaged in any business or activity prohibited by the Trading with the Enemy Act, that is the foreign assets
control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any enabling legislation
or executive order relating thereto. The Purchaser has not (i) used any funds for any unlawful contribution or other unlawful
political activity; (ii) made any direct or indirect unlawful payment to a foreign or domestic government official or agent; or
(iii) violated any provision of any law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public
Officials in International Business Transaction or the Foreign Corrupt Practices Act of 1977.

 

    	5

     

    

 

(d)
If any of the foregoing representations, warranties or covenants ceases to be true or if the Company no longer reasonably believes
that it has satisfactory evidence as to their truth, notwithstanding any other agreement to the contrary, the Company may be obligated
to freeze the undersigned’s investment, either by prohibiting additional investments, declining or suspending any withdrawal
requests and/or segregating the assets constituting the investment in accordance with applicable regulations, or the undersigned’s
investment may immediately be involuntarily withdrawn by the Company, and the Company may also be required to report such action
and to disclose the undersigned’s identity to OFAC or other authority. In the event that the Company is required to take
any of the foregoing actions, the undersigned understands and agrees that he shall have no claim against the Company or its affiliates,
members, employees and agents for any form of damages as a result of any of the aforementioned actions.

 

SECTION
3

 

3.1
Representations and Warranties of the Company. The Company represents and warrants to the undersigned as follows:

 

(a)
Organization. The Company is corporation duly organized and validly existing and in good standing under the laws of the
State of Delaware.

 

(b)
Authority. The Company has the requisite corporate power and authority to enter into and perform its obligations under
this Agreement. The execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated
hereby have been duly authorized by all necessary action and no further consent or authorization of the Company or its Board of
Directors or stockholders is required. This Agreement has been duly executed and delivered by the Company and constitutes the
valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general application.

 

(c)
Approval of Agreement. The Board of Directors of the Company has authorized the execution and delivery of this Agreement
by the Company, the consummation of the transaction contemplated hereby, the issuance of the Acquired Note, the Warrant and the
Underlying Shares and the taking by the Company of all of the other actions contemplated hereby.

 

(d)
No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate
or modify the terms of, any indenture, mortgage, deed of trust, or other material agreement or instrument to which the Company
is a party or to which any of its assets, properties or operations are subject.

 

    	6

     

    

 

(e)
Filings with SEC. The Company is obligated pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) to file periodic and other reports with the Securities Exchange Commission (“SEC”). The reports, schedules,
forms, statements and other documents filed by the Company with the SEC, since August 1, 2018 including the exhibits thereto and
documents incorporated by reference therein, are collectively referred to herein as the “SEC Reports.” As of their
respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange
Act, as applicable, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading.

 

(f)
Financial Statements. The financial statements of the Company included in the SEC Reports comply in all material respects
with applicable accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the
time of filing. Such financial statements have been prepared in accordance with United States generally accepted accounting principles
applied on a consistent basis during the periods involved (“GAAP”), except as may be otherwise specified in
such financial statements or the notes thereto and except that unaudited financial statements may not contain all footnotes required
by GAAP, and fairly present in all material respects the financial position of the Company and its consolidated subsidiaries as
of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of
unaudited statements, to normal, immaterial, year-end audit adjustments.

 

(g)
Exemption from Registration; Valid Issuances. The Acquired Note, the Warrant and the Underlying Shares, may and shall be
properly issued by the Company to the undersigned pursuant to any applicable federal or state law provided that, at the time of
exercise of the Warrant, the Investor is an accredited investor or there is another exemption available from the registration
requirements of the Securities Act. When issued and paid for as herein provided and upon conversion of the Note and due execution
of the Warrant, the Underlying Shares shall be duly and validly issued, fully paid and non-assessable. Neither the sale of the
Securities pursuant to, nor the Company’s performance of its obligations under, this Agreement shall (i) result in the creation
or imposition of any liens, charges, claims or other encumbrances upon the Securities. The Securities shall not subject the undersigned
to personal liability by reason of the ownership thereof.

 

(h)
No General Solicitation or Advertising in Regard to this Transaction. Neither the Company nor any of its affiliates nor
any person acting on its or their behalf (a) has conducted or will conduct any general solicitation (as that term is used in Rule
502(c) of Regulation D) or general advertising with respect to the Acquired Note, or (b) made any offers or sales of any security
or solicited any offers to buy any security under any circumstances that would require registration of the Acquired Note, Warrant
or Underlying Shares under the Securities Act.

 

(i)
Use of Proceeds. The net proceeds of the Offering will be used as working capital and the application of such monies will
be subject to the discretion of the management.

 

    	7

     

    

 

(j)
No Disqualification Events. None of the Company, or any of its directors, executive officers, other officers of the Company
participating in the offering, any beneficial owner (as that term is defined in Rule 13d-3 under the Exchange Act) of 20% or more
of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that
term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale of the Acquired
Note (each, an “Issuer Covered Person” and, collectively, “Issuer Covered Persons”) is subject to any
of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification
Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act. The Issuer has
exercised reasonable care to determine (i) the identity of each person that is an Issuer Covered Person; and (ii) whether any
Issuer Covered Person is subject to a Disqualification Event.

 

SECTION
4

 

4.1
Indemnity. The undersigned agrees to indemnify and hold harmless the Company, its managers, members, officers, employees,
agents, representatives and its affiliates and their respective successors and assigns and each other person, if any, who controls
any thereof, against any loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all expenses
whatsoever reasonably incurred in investigating, preparing or defending against any litigation commenced or threatened or any
claim whatsoever) arising out of or based upon any false representation or warranty or breach or failure by the undersigned to
comply with any covenant or agreement made by the undersigned herein or in any other document furnished by the undersigned to
any of the foregoing in connection with this transaction.

 

4.2
Modification. Neither this Agreement nor any provisions hereof shall be modified, discharged or terminated except by an
instrument in writing signed by the party against whom any waiver, change, discharge or termination is sought.

 

4.3
Notices. Any notice, demand or other communication which any party hereto may be required, or may elect, to give to anyone
interested hereunder shall be sufficiently given if (a) deposited, prepaid, with a recognized international courier service or
(b) delivered personally, in each case to the Company at its address set forth above or to the Investor to his address on the
signature page hereto (or at such other address for a party as shall be specified by like notice; provided that the notices of
a change of address shall be effective only upon receipt thereof).

 

4.4
Counterparts. This Agreement may be executed through the use of separate signature pages or in any number of counterparts
and by facsimile, and each of such counterparts shall, for all purposes, constitute one agreement binding on all parties, notwithstanding
that all parties are not signatories to the same counterpart. Signatures may be facsimiles.

 

4.5
Binding Effect. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the
parties and their heirs, executors, administrators, successors, legal representatives and assigns.

 

    	8

     

    

 

4.6
Entire Agreement. This Agreement and the documents referenced herein contain the entire agreement of the parties and there
are no representations, covenants or other agreements except as stated or referred to herein and therein.

 

4.7
Assignability. This Agreement is not transferable or assignable by the undersigned.

 

4.8
Applicable Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State
of Florida, without giving effect to conflicts of law principles. Any dispute between or, action or proceeding against any of
the parties hereto under, arising out of or in any manner relating to, this Agreement and the transactions contemplated herein
shall be commenced in the Federal Courts or located in the State of Florida or the courts of original jurisdiction in the State
of Florida and the parties hereto irrevocably consent to the jurisdiction of such courts in connection with any action or proceeding
arising out of or relating to this Agreement any document or instrument delivered pursuant to, in connection with or simultaneously
with this Agreement, or a breach of this Agreement or any such document or instrument. In any such action or proceeding, each
party hereto waives personal service of any summons, complaint or other process and agrees that service thereof may be made in
accordance with Section 4.3. Within 30 days after such service, or such other time as may be mutually agreed upon in writing by
the attorneys for the parties to such action or proceeding, the party so served shall appear or answer such summons, complaint
or other process.

 

EACH
PARTY HERETO WAIVES TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR ANY BREACH OR ALLEGED BREACH
HEREOF.

 

[signature
page appears on the following page]

 

    	9

     

    

 

FOR
USE BY INDIVIDUAL PROSPECTIVE INVESTOR ONLY

 

 

INDIVIDUAL
PROSPECTIVE INVESTOR SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT

(If
purchasing as an entity, go to Entity Prospective Investor Signature Page for Subscription Agreement)

 

 

 

IN
WITNESS WHEREOF, the undersigned has executed this Subscription Agreement as of September       ,
2020.

 

	 	 	 
	Signature
    of Prospective Investor	 	Signature
    of Joint Prospective Investor
	 	 	 
	 	 	 
	Printed
    Name of Prospective Investor	 	Printed
    Name of Joint Prospective Investor
	 	 	 
	 	 	 
	Prospective
    Investor’s Social Security Number	 	Joint
    Prospective Investor’s Social Security Number
	 	 	 
	 	 	 
	Residential
    Address of Prospective Investor:	 	Residential
    Address of Prospective Investor:
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

	PRINCIPAL
    AMOUNT OF THE NOTE SUBSCRIBED FOR	$
    _________________	 
	 	 	 
	Subscription
    Price – 100% of the principal amount of the Note	$
    _________________	 

 

Ownership
form (check one):

 

	[  ]	Individual

	[  ]	Joint
    tenants with right of survivorship*

	[  ]	Tenants
    in common**

 

*SIGNATURES
OF ALL OWNERS REQUIRED

 

PLEASE
COMPLETE APPENDIX I AS TO YOUR STATUS AS AN “ACCREDITED INVESTOR.”

 

ACCEPTANCE
OF SUBSCRIPTION

 

ACCEPTED
BY:

 

USA
Equities Corp.

 

	By:
    	 	 	Date:	September
               , 2020
	 	Troy
    Grogan	 	 	 
	 	President	 	 	 

 

    	10

     

    

 

FOR
USE BY ENTITY PROSPECTIVE INVESTOR ONLY

 

 

ENTITY
PROSPECTIVE INVESTOR SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT

(If
purchasing as an individual, go to Individual Prospective Investor Signature Page for Subscription Agreement.)

 

 

 

IN
WITNESS WHEREOF, the undersigned has executed this Subscription Agreement as of September           , 2020.

 

	 	 
	Print
    name of entity	 
	 	 	 
	By:	 	 
	 	        	 
	Name:	 	 
	 	 	 
	Title:	 	 
	 	 
	 	 
	Business
    Telephone Number (include area code)	 
	 	 
	 	 
	Federal
    tax Id#	 
	 	 
	Mailing
    Address:	 
	 	 
	 	 
	 	 
	 	 
	 	 
		 

 

	PRINCIPAL
    AMOUNT OF THE NOTE SUBSCRIBED FOR	$
    _________________	 
	 	 	 
	Subscription
    Price – 100% of the principal amount of the Note	$
_________________	 

 

PLEASE
COMPLETE APPENDIX I AS TO YOUR STATUS AS AN “ACCREDITED INVESTOR.”

 

ACCEPTANCE
OF SUBSCRIPTION

 

ACCEPTED
BY:

 

USA
Equities Corp.

 

	By:
    	 	 	Date:	September
               , 2020
	 	Troy
    Grogan	 	 	 
	 	President	 	 	 

 

    	11

     

    

 

APPENDIX
A

 

In
considering an investment in the Convertible Notes offered hereby, prospective investors should consider, in addition to the risks
set forth below, those contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed
with the SEC on February 21, 2020.

 

The
Convertible Notes have risks similar to equity securities.

 

The
Company has chosen to offer a Convertible Note. The Company has the right upon maturity of the Convertible Notes to pay the principal
amount of the Note and the interest accrued thereon in shares of the Company’s common stock. There is no assurance that
an active market for such shares will develop or that the Investor will be able to sell any shares he may receive at a price which
will enable him to recoup his entire investment. The Convertible Notes are not secured by the assets of the Company and the Company
currently has minimal shareholders equity. If the Company were to grant a lien on its properties to a future lender and were to
default on its obligations to such lender and the holders of the Convertible Notes, the holders of the Convertible Notes could
only satisfy any judgement they may obtain after the secured lender has been satisfied in full.

 

The
Company will require additional financing to fund operations.

 

The
Company’s ability to achieve its business plans is dependent on obtaining additional capital to fund operations and development
of the Company’s business in addition to the funds being raised in this Offering. The
funds raised in this Offering will not be sufficient to enable the Company to achieve its business plan and existing management
will have complete discretion in determining how such funds are used. The Company will require additional financing to achieve
its business plan and likely will seek to raise funds through the sale of its securities or by other means, including borrowing
money secured by Company assets. If the additional funds are borrowed and the Company were to fail to timely pay amounts due,
the lender could foreclose on any lien it may have on the Company’s assets in which event purchasers of the securities offered
hereby would lose their entire investment. No assurance can be given that additional funds will be available to the Company
on acceptable terms, if at all. If additional financing is required but not available in adequate amounts, the Company may be
unable to implement or realize on its business plan which significantly increases the risk of loss of invested capital by the
members of the Company.

 

The
terms and conditions of this Offering have been determined by the Company.

 

The
subscription price of the Convertible Note, as well as the terms upon which the Notes will be converted into common stock and
the exercise price of the Warrants, have been determined by the Company and bear no relationship to the Company’s assets,
book value or any other generally accepted measure of value. The exercise price of the Warrants does not necessarily indicate
the current value of the common stock and should not be considered to be an indication of the future value of the common stock.

 

There
is no minimum amount of subscriptions that must be received before the Company can use your funds. 

 

There
is no minimum amount of Convertible Notes that must be received before the Company can use any of the proceeds of this Offering.
Consequently, it is possible that this Offering may terminate before all or a substantial portion of the Convertible Notes are
sold. In such event, the Company’s ability to achieve the Company’s objectives described herein will be compromised
and the risk that any investor, who chooses to purchase Convertible Notes, will lose all of his money will be substantial.

 

    	12

     

    

 

APPENDIX
I

 

	Accredited
    Investor. The undersigned is an “accredited investor” (as defined in Rule 501 (a) of Regulation D of the Securities
    Act) because the undersigned is (check each appropriate description):
	 	 
	_________	a
    natural person whose individual net worth, or joint net worth with my spouse, excluding the value of his principal residence,
    exceeds $1,000,000.
	 	 
	_________	a
    natural person who had individual income exceeding $200,000 in each of the two most recent years or joint income with his
    spouse exceeding $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the
    current year.
	 	 
	_________	a
    broker-dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended.
	 	 
	_________	an
    organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, not formed for the specific
    purpose of acquiring the Shares, with total assets exceeding $5,000,000.
	 	 
	_________	a
    corporation, Massachusetts or similar business trust or partnership, not formed for the specific purpose of acquiring the
    Shares, with total assets exceeding $5,000,000.
	 	 
	_________	a
    trust, not formed for the specific purpose of acquiring the Shares, with total assets exceeding $5,000,000 and whose purchase
    is directed by a “sophisticated person,” as defined in Rule 506(b)(2)(ii) of Regulation D.
	 	 
	(For
    the purposes of this questionnaire, a “sophisticated person” means any person who has such knowledge and experience
    in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment.)
	 	 
	_________	an
    employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, as amended, and (i) investment
    decisions for such plan are made by a plan fiduciary, as defined in Section 3(21) of such Act, which is a bank, savings and
    loan association, insurance company or registered investment adviser or (ii) such plan has total assets exceeding $5,000,000
    or (iii) if a self-directed plan, investment decisions are made solely by accredited investors.
	 	 
	_________	an
    entity in which all of the equity owners are accredited investors.

 

    	13

     

    

 

	_________	a
    director or executive officer of, the Company.
	 	 
	_________	a
    bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined
    in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity.
	 	 
	_________	an
    insurance company as defined in Section 2(13) of the Securities Act.
	 	 
	_________	an
    investment company registered under the Investment Company Act of 1940, as amended (the “ICA”).
	 	 
	_________	a
    business development company as defined in Section 2(a)(48) of the ICA.
	 	 
	_________	a
    Small Business Investment Company licensed by the Small Business Administration under Section 301(c) of the Small Business
    Investment Act of 1958, as amended.
	 	 
	_________	a
    private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended.
	 	 
	_________	a
    plan which has total assets in excess of $5,000,000 and which is established and maintained by a state, its political subdivisions,
    or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees.
	 	 
	_________	a
    revocable trust which may be amended or revoked at any time by the grantors thereof, and all such grantors are Accredited
    Investors.

 

    	14

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