Document:

EXHIBIT 10.10

 

 

ADVANCE SCHEDULE

No. 08

 

ONE UP INNOVATIONS, INC.

FOAM LABS, INC.

 

Funding Date:  April 6, 2018

 

This Advance Schedule (the “Schedule”)
is issued pursuant to and is subject to all terms and conditions of the Credit Card Receivables Advance Agreement, dated on or
about October 1, 2015 (as amended from time to time in accordance with its terms, the “Master Agreement”), between
POWER UP LENDING GROUP, LTD. (the “Lender”) and ONE UP INNOVATIONS, INC. and FOAM LABS, INC., (individually
and collectively, the “Merchant”).  Capitalized terms used and not defined in this Schedule have the
meanings given to them in the Master Agreement.

 

The Merchant has requested that the
Lender make an Advance to the Merchant, and the Lender is willing to make such Advance, in each case subject to the following terms
and conditions:

 

	1.	The Advance Amount is:	 	$	500,000.00	* 
	 	 	 	 	 	 
	2.	The fee is:	 	$	  70,000.00	 
	 	 	 	 	 	 
	3.	The Collection Amount is:	 	$	570,000.00	 
	 	 	 	 	 	 
	4.	The Fixed Daily payment is:	 	$	   2,714.29	 

 

*The disbursement of the advance amount
shall be reduced in the amount of $19,369.61 to repay the current outstanding balance of the prior advance as set forth on Schedule
7 dated June 28, 2017 and a 1% loan origination fee of $5,000.00.

 

	5.	The Collection Date is January 25, 2019
	 	 	 	 	 	 
	6.	The Collection Account Bank and Collection Account are as follows:	 	 	 	 

 

	Bank name:	Signature Bank
	 	26 Court St. 
	 	Brooklyn, NY 11242
	Routing/ABA Number:	02601XXXX
	Account Name to credit:	One Up Innovations
	Account Number to credit:	150246XXXX

 

	7. 	The Merchant agrees to repay the Collection Amount (plus all Reimbursable Expenses) by remitting (or causing to be remitted) to the Lender, on or before the Collection Date, the Collection Amount, by authorizing Lender to retain the Fixed Daily Payment from the Collection Account as provided in the Master Agreement.  If the Collection Amount is remitted to the Lender before the Collection Date, the Merchant shall not be entitled to any refund or other compensation.  If the Collection Amount is not remitted to the Lender by the Collection Date, Merchant may be subject to extension fees as set forth in the Master Agreement.

 

	 	8.	The Merchant grants to the Lender a security interest in the Collateral to secure the Merchant’s obligation to pay the Collection Amount and to secure all other existing and future obligations of the Merchant to the Lender.

 

	 	9.	The Merchant understands and agrees that all Advances by Lender to Merchant under the Master Agreement, this Advance Schedule, and under any other Related Agreements constitute one loan, and all indebtedness and obligations of Merchant to Lender under the Master Agreement, this Advance Schedule and the Related Agreements, present and future, constitute one general obligation secured by the Collateral.

 

	 	10.	The Merchant reaffirms all terms, conditions and agreements set forth in the Master Agreement and any Related Agreements and further represents and warrants to the Lender that all representations and warranties made by the Merchant in the Master Agreement and any Related Agreements entered into on or before the date hereof are true and correct on the date hereof as if made on the date hereof.

 

This Schedule may be executed in counterparts.  Each
counterpart shall be deemed an original but all of which together shall constitute one and the same instrument.  An executed
facsimile of this Schedule shall be deemed to be a valid and binding agreement between the parties hereto.

 

Agreed to:

 

	 	 	ONE UP INNOVATIONS, INC.
	POWER UP LENDING GROUP, LTD.	 	for itself and as Disbursing Agent
	 	 	 	 	 
	By: /s/	 Curt Kramer	 	By: /s/	 Louis Friedman
	Name: 	Curt Kramer	 	Name: 	Louis Friedman
	
        Title:

        Date:
	
        President

        April 5, 2018
	 	
        Title:

        Date:
	
        President & CEO

        April 4, 2018

 

	STATE OF GEORGIA	)	 
	 	)ss.:	 
	COUNTY OF	)	 

 

On this 4th day
of April, 2018 before me personally appeared Louis S. Friedman , personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she
is the President of ONE UP INNOVATIONS, INC. and FOAM LABS, INC., the corporations herein described and that he/she executed the
same in his/her capacity as an officer of said corporations, and that he/she signed the instrument by order of the board of directors
of said respective corporations.

 

	 	 /s/ Novlette A Stewart
	 	Notary PublicEXHIBIT 10.11

PROMISSORY NOTE

Atlanta, Georgia

$___________ Date: _____________

 

FOR VALUE RECEIVED, OneUp Innovations, Inc., a Georgia
corporation, with its principal office at 2745 Bankers Industrial drive, Atlanta, Georgia 30360, hereinafter referred to as the
"Maker", promises to pay to __________________________________, hereinafter referred to as the "Lender" or
“Holder”, the principal sum of ______________________ ($______________) lawful money of the United States of America,
together with simple interest thereon computed from the date hereof at the rate of twenty (20.0%) percent per annum, which principal
shall be payable in a single installment of $_______________ on the ___ day of __________, 201X and interest shall be paid monthly
at the rate of $_,___ per month. Interest payments shall be made no later than the 15th of each month with the first
payment due on _____________, 201_.

 

Under no circumstances shall the undersigned be charged more
than the highest rate of interest which lawfully may be charged by the holder hereof and paid by the undersigned on the indebtedness
evidenced hereby.

 

This Note may be prepaid in whole or in part at any time
without penalty.

 

This Promissory Note shall be personally guaranteed by Louis
S. Friedman.

 

The holder hereof shall not by any act of delay, commission,
failure to act or otherwise be deemed to have waived any right, power, privilege or remedy hereunder, and no waiver whatever shall
be valid unless in writing signed by the holder hereof, and then only to the extent therein set forth, nor shall any single or
partial exercise of any right, power, privilege or remedy hereunder preclude any further exercise thereof, or the exercise of any
other right, power, privilege or remedy. The rights and remedies herein provided are cumulative and not exclusive of any rights
or remedies provided by law and may be exercised singly or concurrently. A waiver by the holder hereof of any right or remedy under
the terms of this Note, on any one occasion, shall not be construed as a bar to any right or remedy which the holder would otherwise
have had on any future occasion. No executory agreement, unless in writing and signed by the Holder, and no course of dealing between
the Maker, endorsers or guarantors hereof and the holder shall be effective to change or modify or discharge in whole or in part
this Note unless in writing and signed by the Holder.

 

Interest shall accrue on the outstanding principal balance
of this Note from the date of any material Default hereunder and for so long as such Default continues regardless of whether or
not there has been an acceleration of the indebtedness evidenced hereby, at either two (2%) percent per month or the highest rate
allowed by law (the "Default Rate") per annum, whichever is less. All such interest shall be paid at the time of and
as a condition precedent to the curing of any such Default should Holder, at its sole option, allow such Default to be cured. In
addition, Maker shall pay all costs of collection including, but not limited to, reasonable and customary attorneys' fees (and
bankruptcy attorneys' fees and appellate counsel fees), whether or not suit is filed.

 

If any payment hereunder is not made within five (5) days
from its due date, a late charge of five percent (5%) of each payment so overdue may be charged by the Holder for the purpose of
defraying the expenses incident to handling such delinquent payment.

 

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The Maker shall be in default hereunder in the event there
is a failure to pay an installment of interest when due under this Note and such default continues for a period of Ten (10) days.
In the event of Default, at the option of the holder, the entire principal balance and interest due shall forthwith become due
and payable.

 

The Maker agrees that whenever an attorney is used to collect
or enforce this note or to enforce, declare or adjudicate any rights or obligations under this note or with respect to any collateral
security therefor, whether by suit or any other means whatever, reasonable legal fees shall be payable by the Maker together with
all costs and expenses of such collection, enforcement or adjudication and shall constitute part of the principal obligation hereunder.

 

All notices, requests demands hereunder to any party hereto
shall be in writing and shall be deemed to have been given when delivered by hand, when properly deposited in the mails postage
prepaid, when sent by electronic facsimile transmission, or when delivered to an overnight courier, addressed to such party at
the address set forth above, or at any other address specified by such party in writing.

 

No extension of the time for the payment of this Note or
any installment due hereunder, made by agreement with any person now or hereafter liable for the payment of this Note, shall operate
to release, discharge, modify, change or affect the original liability of Maker under this Note, either in whole or in part, unless
Holder agrees otherwise in writing. No provision of this Note may be changed, waived, discharged, or terminated except by an instrument
in writing signed by the party against whom enforcement of the waiver, change, modification or discharge is sought. Holder may,
without the consent of Maker, release or discharge any guarantor without affecting the liability of the Maker hereunder.

 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF GEORGIA.

 

MAKER HEREBY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF
EACH OF:

(A) THE U.S. DISTRICT COURT FOR THE NORTHERN DISTRICT OF
GEORGIA, AND

(B) ANY GEORGIA STATE COURT SITTING IN ATLANTA, GEORGIA,
FOR THE

PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING
TO THIS

NOTE.

 

MAKER IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL
PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES OF SUCH PROCESS TO MAKER AT ITS ADDRESS SET FORTH ABOVE.

 

MAKER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED

BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH
A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

Any provision hereof which may prove unenforceable under
any law shall not affect the validity of any other provision hereof.

 

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This Note may not be changed or terminated orally, but only
by a writing signed by the Maker and Holder hereof.

 

OneUp Innovations,
Inc.

 

By:_________________________________

Louis S. Friedman

Title: President & CEO

 

 

_____________________________________

Louis S. Friedman, individually

 

 

_____________________________________

_______________, Lender

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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