Document:

Exhibit
10.2

 

REVENUE
PURCHASE AGREEMENT

 

This
Revenue Purchase Agreement and Security Agreement and Guaranty of Performance (“Agreement”) dated 05/24/2022 between
Samson MCA LLC (“FUNDER”) the Merchant(s) listed below (Merchant”) and the Individual(s) listed
below (“Guarantor”)

MERCHANT
INFORMATION

 

	Merchant’s
    Legal Name:	MEMORY
    CARE AT GOOD SHEPARD LLC 

 

	D/B/A:	MEMORY
    CARE AT GOOD SHEPARD LLC

 

	State
    of Incorporation / Organization:	AR
    	 

 

	Type
    of Entity:	LLC

 

	Physical
    Address:	2501
    ALDERSGATE RD

 

	City:	LITTLE
    ROCK	State:	AR	Zip:	72205	Business
    Phone:	

 

	Guarantor(s)
    Name:	JAMES
    WALESA	Cellphone
    Number:	 	Email
    Address:	 

 

	Mailing
    Address:	 	City:	 

 

	 	State:
    	 	Zip:
    	 	 

 

	Guarantor(s)
    Name:	 	Cellphone
    Number:	 	Email
    Address:	 

 

	Mailing
    Address: 	 	City:	 

 

	 	State:
    	 	Zip:	 	 

 

	Purchase
    Price:	$100,000.00	 	Purchased
    Percent:	25%	 	Purchased
    Amount:	$142,000.00	 

 

	Payment
    Frequency:	WEEKLY	 	Remittance	$5,999.00	 

 

In
consideration of payment by FUNDER to Merchant of the Purchase Price set forth above, Merchant hereby sells, assigns and transfers to
FUNDER (making FUNDER the absolute owner) the Purchased Percentage of all of Merchant’s payments, receipts, settlements and funds
paid to or received by or for the account of Merchant from time to time on and after the date hereof in payment or settlement of Merchant’s
existing and future accounts, payment intangibles, credit, debit and/or stored value card transactions, contract rights and other entitlements
arising from or relating to the payment of monies from Merchant’s customers’ and/or other payors or obligors (the “Future
Receipts” defined as all payments made by cash, check, clearinghouse settlement, electronic transfer or other form of monetary
payment), for the payments to Merchant as a result of Merchant’s sale of goods and/or services (the “Transactions”)
until the Purchased Amount has been delivered by or on behalf of Merchant to FUNDER.

 

Merchant
is selling a portion of a future revenue stream to FUNDER at a discount, and is not borrowing money from FUNDER, therefore there is no
interest rate or payment schedule and no time period during which the Purchased Amount must be collected by FUNDER. The Remittance is
a good faith estimate of FUNDER’s share of the future revenue stream. Merchant going bankrupt or going out of business, or experiencing
a slowdown in business, or a delay in collecting its receivables, in and of itself, does not constitute a breach of this Agreement. FUNDER
is entering this Agreement knowing the risks that Merchant’s business may not perform as expected or fail, and FUNDER assumes these
risks based on Merchant’s representations, warranties and covenants in this Agreement, which are designed to give FUNDER a reasonable
and fair opportunity to receive the benefit of its bargain. FUNDER acknowledges that it may never receive the Purchased Amount in the
event that the Merchant does not generate sufficient revenue. Merchant and Guarantor(s)(s) are only guaranteeing their performance of
the terms of this Revenue Purchase Agreement, and are not guaranteeing the payment of the Purchased Amount. The initial Remittance shall
be as described above. The Remittance is subject to adjustment as set forth in Paragraph 1.4 and Paragraph 1.5.

 

FUNDER
will debit the Remittance each business day from only one depositing bank account, which account must be acceptable to, and p re-approved
by, FUNDER (the “Account”) into which Merchant and Merchant’s customers shall remit the Receipts from each Transaction,
until such time as FUNDER receives payment in full of the Purchased Amount. Merchant hereby authorizes FUNDER to ACH debit the agreed
Remittance from the Account on the agreed upon Payment Frequency; a daily basis means any day that is not a United States banking holiday.
Merchant agrees not to make or cause debits to the Account (other than in favor of FUNDER) at any time that would cause the balance therein
on any business day to be insufficient to fund payment in full of the agreed Remittance. The Account may not be used for any personal,
family or household purposes. Merchant will provide FUNDER with all required access codes and monthly bank statements regarding the Account
so that FUNDER may monitor the Account. FUNDER payment of the Purchase Price shall be deemed the acceptance and performance by FUNDER
of this Agreement. Merchant understands that it is responsible for ensuring that the agreed Remittance to be debited by FUNDER remains
in the Account and will be held responsible for any fees incurred by FUNDER resulting from a rejected ACH attempt or an Event of Default.
FUNDER is not responsible for any overdrafts or rejected transactions that may result from FUNDER’s ACH debiting the agreed Remittance
under the terms of this Agreement. Notwithstanding anything to the contrary in this Agreement or any other agreement between FUNDER and
Merchant, upon the occurrence of an Event of Default of the MERCHANT AGREEMENT TERMS AND CONDITIONS the Purchased Percentage shall equal
100%. A list of all fees applicable under this Agreement is contained in Appendix A.

 

THE
MERCHANT AGREEMENT “TERMS AND CONDITIONS”, THE “SECURITY AGREEMENT AND GUARANTY” AND THE “ADMINISTRATIVE
FORM HEREOF, ARE ALL HEREBY INCORPORATED IN AND MADE A PART OF THIS MERCHANT AGREEMENT.

 

	FOR
    THE MERCHANT (#1)	By:	James
    Walesa	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	FOR
    THE MERCHANT (#2)	By:	 	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	BY
    GUARANTOR(S) (#1)	By:	James
    Walesa	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	BY
    GUARANTOR(S) (#2)	By:	 	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

    	 	1	Initial: 	__________

     

    

 

MERCHANT
AGREEMENT TERMS AND CONDITIONS

 

TERMS
OF ENROLLMENT IN PROGRAM

 

1.1 Merchant
Deposit Agreement and Processor. Merchant shall (A) execute an agreement acceptable to FUNDER with a Bank acceptable to FUNDER
to obtain electronic fund transfer services for the Account, and (B) if applicable, execute an agreement acceptable to FUNDER with a
credit and debit card processor (the “Processor”) instructing the Processor to deposit all Receipts into the Account. Merchant
shall provide FUNDER and/or its authorized agent(s) with all of the information, authorizations and passwords necessary for verifying
Merchant’s receivables, receipts, deposits and withdrawals into and from the Account. Merchant hereby authorizes FUNDER and/or
its agent(s) to withdraw from the Account via ACH debit the amounts owed to FUNDER for the receipts as specified herein and to pay such
amounts to FUNDER. These authorizations apply not only to the approved Account but also to any subsequent or alternate account used by
the Merchant for these deposits, whether pre- approved by FUNDER or not. This additional authorization is not a waiver of FUNDER’s
entitlement to declare this Agreement breached by Merchant as a result of its usage of an account which FUNDER did not first pre- approve
in writing prior to Merchant’s usage thereof. The aforementioned authorizations shall be irrevocable without the written consent
of FUNDER.

 

1.2 Term
of Agreement. This Agreement shall remain in full force and effect until the entire Purchased Amount and any other amounts due
are received by FUNDER as per the terms of this Agreement.

 

1.3 Reconciliation.
As long as an Event of Default, or breach of this agreement, has not occurred, Merchant may request a retroactive reconciliation
of the total Remittance Amount. All requests hereunder must be in writing to reconciliations@samsonfunding.com
Said request must include copies of all of Merchant’s bank account statements, credit card processing statements,
and accounts receivable report outstanding if applicable, from the date of this Agreement through and including the date the request
is made. FUNDER retains the right the request additional reasonable documentation including without limitation bank login or access to
view Merchant’s accounts using third party software, and Merchant’s refusal to provide access shall be a breach of this Agreement
and FUNDER shall have no obligation to reconcile. Such reconciliation, if applicable, shall be performed by FUNDER within two (2) Business
Days following its receipt of Merchant’s request for reconciliation by either crediting or debiting the difference back to, or
from, Merchants Bank Account so that the total amount debited by FUNDER shall equal the Specific Percentage of the Future Receipts that
Merchant collected during the requested month. Nothing set forth in this section shall be deemed to provide Merchant with the right to
interfere with FUNDER’s right and ability to debit Merchant’s Account while the request is pending or to unilaterally modify
the Remittance Amount, in any method other than the ones listed in this Agreement.

 

1.4 Adjustments
to the Remittance. As long an Event of Default, or breach of this agreement, has not occurred, Merchant may give notice to FUNDER
to request a decrease in the Remittance, should they experience a decrease in its Future Receipts. All requests hereunder must be in
writing to reconciliations@samsonfunding.com and must include copies of all of Merchant’s
bank account statements, credit card processing statements, and accounts receivable report outstanding from the date of this Agreement
through and including the date the request is made. FUNDER retains the right the request additional reasonable documentation including
without limitation bank login or 3rd party software access to view Merchant’s accounts, refusal to provide access shall
be a breach of this Agreement and FUNDER shall have no obligation to reconcile. The Remittance shall be modified to more closely reflect
the Merchant’s actual receipts by multiplying the Merchant’s actual receipts by the Purchased Percentage divided by the number
of business days in the previous (2) calendar weeks. Merchant shall provide FUNDER with viewing access to their bank account as well
as all information reasonably requested by FUNDER to properly calculate the Merchant’s Remittance. At the end of the two (2) calendar
weeks the Merchant may request another adjustment pursuant to this paragraph or it is agreed that the Merchant’s Remittance shall
return to the Remittance as agreed upon on Page 1 of this Agreement.

 

1.5 Financial
Condition. Merchant and Guarantor(s)(s) (as hereinafter defined and limited) authorize FUNDER and its agents to investigate
their financial responsibility and history, and will provide to FUNDER any authorizations, bank or financial statements, tax returns,
etc., as FUNDER requests in its sole and absolute discretion prior to or at any time after execution of this Agreement. A photocopy of
this authorization will be deemed as acceptable as an authorization for release of financial and credit information. FUNDER is authorized
to update such information and financial and credit profiles from time to time as it deems appropriate.

 

1.6 Transactional
History. Merchant authorizes all of its banks, brokers and processor to provide FUNDER with Merchant’s banking, brokerage
and/or processing history to determine qualification or continuation in this program and for collections purposes. Merchant shall provide
FUNDER with copies of any documents related to Merchant’s card processing activity or financial and banking affairs within five
days after a request from FUNDER.

 

1.7 Indemnification.
Merchant and Guarantor(s)(s) hereby jointly and severally indemnify and hold harmless FUNDER and each Processor, their respective
officers, directors, agents and representatives, and shareholders against all losses, damages, claims, liabilities and expenses (including
reasonable attorney’s fees) incurred by any such indemnitee as a direct or indirect result of (a) claims asserted by FUNDER for
monies owed to FUNDER from Merchant and (b) actions taken by indemnitee in reliance upon any fraudulent, misleading or deceptive information
or instructions provided by FUNDER.

 

1.8 No
Liability. In no event will FUNDER be liable for any claims asserted by Merchant or Guarantor(s)s under any legal or equitable
theory for lost profits, lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect or consequential
damages, each of which is waived by both Merchant and Guarantor(s)(s). In the event these claims are nonetheless raised, Merchant and
Guarantor(s)s will be jointly liable for all of FUNDER’s attorney’s fees and expenses resulting therefrom.

 

1.9 Reliance
on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDER, Processor,
and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the
bank may rely upon their terms and raise them as a defense in any action.

 

1.10 Sale
of Receipts. Merchant and FUNDER agree that the Purchase Price under this Agreement is in exchange for the Purchased Amount,
and that such Purchase Price is not intended to be, nor shall it be construed as a loan from FUNDER to Merchant. Merchant agrees that
the Purchase Price is in exchange for the Receipts pursuant to this Agreement, and that it equals the fair market value of such Receipts.
FUNDER has purchased and shall own all the Receipts described in this Agreement up to the full Purchased Amount as the Receipts are created.
Merchant acknowledges that FUNDER’s share of Receipts collected are being held by Merchant in trust and are the sole property of
FUNDER until they are remitted to FUNDER. Payments made to FUNDER in respect to the full amount of the Receipts shall be conditioned
upon Merchant’s sale of products and services, and the payment therefore by Merchant’s customers. By this Agreement, Merchant
transfers to FUNDER full and complete ownership of the Purchased Amount and Merchant retains no legal or equitable interest therein.
FUNDER hereby appoints Merchant, and Merchant accepts appointment, as servicer for and on behalf of FUNDER for the purpose of collecting
and delivering Receipts to FUNDER as required by this Agreement until FUNDER has received the Receipts Purchased Amount, and Merchant
agrees that all such Receipts shall be received and held in trust for the benefit of SPFL for purposes of carrying out the terms of this
Agreement. Merchant agrees that it will treat the amounts received and the Purchased Receipts delivered to FUNDER under this Agreement
in a manner consistent with a sale in its accounting records and tax returns. Merchant agrees that FUNDER is entitled to audit Merchant’s
accounting records upon reasonable notice in order to verify compliance. Merchant waives any rights of privacy, confidentiality or taxpayer
privilege in any such litigation or arbitration in which Merchant asserts that this transaction is anything other than a sale of future
receipts. In no event shall the aggregate of all amounts or any portion thereof be deemed as interest hereunder, and in the event it
is found to be interest despite the parties hereto specifically representing that it is NOT interest, it shall be found that no sum charged
or collected hereunder shall exceed the highest rate permissible at law. In the event that a court nonetheless determines that FUNDER
has charged or received interest hereunder in excess of the highest applicable rate, the rate in effect hereunder shall automatically
be reduced to the maximum rate permitted by applicable law and FUNDER shall promptly refund to Merchant any interest received by FUNDER
in excess of the maximum lawful rate, it being intended that Merchant not pay or contract to pay, and that FUNDER not receive or contract
to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by Merchant under applicable
law result, result thereof, Merchant knowingly and willingly waives the defense of Usury in any action or proceeding.

 

    	 	2	Initial: 	__________

     

    

 

1.11 Power
of Attorney. Merchant irrevocably appoints FUNDER and its agents and representatives, 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 FUNDER from Processor, or in
the case of a violation by Merchant of Section 1or the occurrence of an Event of Default under Section 3 hereof, 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 Collateral; (iii) to
receive, endorse and collect any checks, notes, drafts, instruments, documents or chattel paper in connection with clause (i) or clause
(ii) above; (iv) to sign Merchant’s name on any invoice, bill of lading, or assignment directing customers or account debtors to
make payment directly to FUNDER; and (v) to contact Merchant’s banks and financial institutions using Merchant and Guarantor(s)(s)
personal information to verify the existence of an account and obtain account balances (vi) to file any claims or take any action or
institute any proceeding which FUNDER may deem necessary for the collection of any of the unpaid Purchased Amount from the Collateral,
or otherwise to enforce its rights with respect to payment of the Purchased Amount. In connection therewith, all costs, expenses and
fees, including legal fees, shall be payable by merchant.

 

1.12 Protections
against Default. The following Protections 1 through 8 may be invoked by FUNDER immediately and without notice to Merchant in
the event: (a) Merchant takes any action to discourage the use of electronic check processing that are settled through Processor, or
permits any event to occur that could have an adverse effect on the use, acceptance, or authorization of checks or other payments or
deposits for the purchase of Merchant’s services and products including but not limited to direct deposit of any checks into a
bank account without scanning into the FUNDER electronic check processor; (b) Merchant changes its arrangements with Processor or the
Bank in any way that is adverse or unacceptable to FUNDER; (c) Merchant changes the electronic check processor through which the Receipts
are settled from Processor to another electronic check processor, or permits any event to occur that could cause diversion of any of
Merchant’s check or deposit transactions to another processor; (d) Merchant intentionally interrupts or ceases the operation of
this business transfers, moves, sells, disposes, or otherwise conveys its business and/or assets without (i) the express prior written
consent of FUNDER, and (ii) the written agreement of any FUNDER or transferee to the assumption of all of Merchant’s obligations
under this Agreement pursuant to documentation satisfactory to FUNDER; (e) Merchant takes any action, fails to take any action, or offers
any incentive—economic or otherwise—the result of which will be to induce any customer or customers to pay for Merchant’s
services with any means other than payments, checks or deposits that are settled through Processor; (f) Merchant fails to provide FUNDER
with copies of any documents related to Merchant’s card processing activity of financial and banking affairs within five days after
a request from FUNDER, or (g) Merchant breaches any terms of this Agreement, including but not limited any of the Events of Default contained
in Section 3.1 herein. These protections are in addition to any other remedies available to FUNDER at law, in equity or otherwise pursuant
to this Agreement.

 

Protection
1. The full uncollected Purchased Amount plus all fees (including attorney’s fees and costs of collection in the amount
of 30% of the Purchased Amount then outstanding due under this Agreement and the attached Security Agreement become due and payable in
full immediately.

 

Protection
2. FUNDER may enforce the provisions of the Limited Personal Guaranty of Performance against the Guarantor(s).

 

Protection
3. Merchant hereby authorizes FUNDER to execute in the name of the Merchant a Confession of Judgment in favor of FUNDER pursuant
to the terms of the Confession of Judgment. Upon an Event of Default, FUNDER may enter that Confession of Judgment as a Judgment with
the Clerk of any Court and execute thereon.

 

Protection
4. FUNDER may enforce its security interest in the Collateral including sending demand letters to account debtors and credit
card processors.

 

Protection
5. FUNDER may exercise any and all rights and remedies of a secured party under Uniform Commercial Code Article 9

 

Protection
6. FUNDER may proceed to protect and enforce its right and remedies by lawsuit. In any such lawsuit, if FUNDER recovers a Judgment
against Merchant, Merchant shall be liable for all of FUNDER’s costs of the lawsuit, including but not limited to all reasonable
attorneys’ fees and court costs.

 

Protection
7. This Agreement shall be deemed Merchant’s Assignment of Merchant’s Lease of Merchant’s business premises
to FUNDER. Upon breach of any provision in this Agreement, FUNDER may exercise its rights under this Assignment of Lease without prior
Notice to Merchant. Protection 8. FUNDER may debit Merchant’s depository accounts wherever situated by means of ACH debit or facsimile
signature on a computer-generated check drawn on Merchant’s bank account or otherwise for all sums due to FUNDER.

 

Protection
8. FUNDER may debit Merchant’s depository accounts wherever situated in such amounts as determined by FUNDER in its sole
discretion for purposes of collecting funds for application to the unrealized Purchased Amount and other amounts owed by Merchant to
FUNDER by means of ACH debit or facsimile signature on a computer-generated check drawn on Merchant’s bank account or otherwise
for all sums due to FUNDER.

 

1.13 
Protection of Information. Merchant and each person signing this Agreement on behalf of Merchant and/or as Owner or Guarantor(s),
in respect of himself or herself personally, authorizes FUNDER to disclose information concerning Merchant’s and each Owner’s
and each Guarantor(s)’s credit standing (including credit bureau reports that FUNDER obtains) and business conduct only to agents,
affiliates, subsidiaries, and credit reporting bureaus. Merchant and each Owner and each Guarantor(s) hereby and each waives to the maximum
extent permitted by law any claim for damages against FUNDER or any of its affiliates relating to any (i)investigation undertaken by
or on behalf of FUNDER as permitted by this Agreement or (ii) disclosure of information as permitted by this Agreement.

 

1.14 Confidentiality.
Merchant understands and agrees that the terms and conditions of the products and services offered by FUNDER, including this Agreement
and any other FUNDER documents (collectively, “Confidential Information”) are proprietary and confidential information of
FUNDER. Accordingly, unless disclosure is required by law or court order, Merchant shall not disclose Confidential Information of FUNDER
to any person other than an attorney, accountant, financial advisor or employee of Merchant who needs to know such information for the
purpose of advising Merchant (“Advisor”), provided such Advisor uses such information solely for the purpose of advising
Merchant and first agrees in writing to be bound by the terms of this section. A breach hereof entitles FUNDER to not only damages and
reasonable attorney’s fees but also to both a Temporary Restraining Order and a Preliminary Injunction without Bond or Security.

 

1.15 Publicity.
Merchant and each of Merchant’s Owners and all Guarantor(s)s hereto all hereby authorizes FUNDER to use its, his or her name in
listings of clients and in advertising and marketing materials.

 

1.16 D/B/A’s. Merchant
hereby acknowledges and agrees that FUNDER may be using “doing business as” or “d/b/a” names in connection
with various matters relating to the transaction between FUNDER and Merchant, including the filing of UCC-1 financing statements and
other notices or filings.

 

    	 	3	Initial: 	__________

     

    

 

REPRESENTATIONS,
WARRANTIES AND COVENANTS

 

Merchant
represents warrants and covenants that, as of this date and during the term of this Agreement:

 

2.1 Financial
Condition and Financial Information. Merchant’s and Guarantor(s)s’ bank and financial statements, copies of which
have been furnished to FUNDER, and future statements which will be furnished hereafter at the discretion of FUNDER, fairly represent
the financial condition of Merchant at such dates, and since those dates there has been no material adverse changes, financial or otherwise,
in such condition, operation or ownership of Merchant. Merchant and Guarantor(s)s have a continuing, affirmative obligation to advise
FUNDER of any material adverse change in their financial condition, operation or ownership. FUNDER may request statements at any time
during the performance of this Agreement and the Merchant and Guarantor(s)s shall provide them to FUNDER within five business days after
request from FUNDER. Merchant’s or Guarantor(s)s’ failure to do so is a material breach of this Agreement.

 

2.2 Governmental
Approvals. Merchant is in compliance and shall comply with all laws and has valid permits, authorizations and licenses to own,
operate and lease its properties and to conduct the business in which it is presently engaged and/or will engage in hereafter.

 

2.3 Authorization.
Merchant, and the person(s) signing this Agreement on behalf of Merchant, have full power and authority to incur and perform the
obligations under this Agreement, all of which have been duly authorized.

 

2.4 Use
of Funds. Merchant agrees that it shall use the Purchase Price for business purposes and not for personal, family, or household
purposes.

 

2.5 Electronic
Check Processing Agreement. Merchant will not change its Processor, add terminals, change its financial institution or bank account(s)or
take any other action that could have any adverse effect upon Merchant’s obligations under this Agreement, without FUNDER’s
prior written consent. Any such changes shall be a material breach of this Agreement.

 

2.6 Change
of Name or Location. Merchant will not conduct Merchant’s businesses under any name other than as disclosed to the Processor
and FUNDER, nor shall Merchant change any of its places of business without prior written consent by FUNDER.

 

2.7 Daily
Batch Out. Merchant will batch out receipts with the Processor on a daily basis if applicable.

 

2.8 Estoppel
Certificate. Merchant will at every and all times, and from time to time, upon at least one (1) day’s prior notice
from FUNDER to Merchant, execute, acknowledge and deliver to FUNDER and/or to any other person, firm or corporation specified by FUNDER,
a statement certifying that this Agreement is unmodified and in full force and effect (or, if there have been modifications, that the
same is in full force and effect as modified and stating the modifications) and stating the dates which the Purchased Amount or any portion
thereof has been repaid.

 

2.9 No
Bankruptcy. As of the date of this Agreement, Merchant is not insolvent and does not contemplate filing for bankruptcy in the
next six months and has not consulted with a bankruptcy attorney or filed any petition for bankruptcy protection pursuant to the United
States Bankruptcy Code and there has been no involuntary petition brought or pending against Merchant. Merchant further warrants that
it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against
it.

 

2.10 Unencumbered
Receipts. Merchant has good, complete, unencumbered and marketable title to all Receipts and all collateral in which FUNDER has
been granted a security interest under the Security Agreement, free and clear of any and all liabilities, liens, claims, charges, restrictions,
conditions, options, rights, mortgages, security interests, equities, pledges and encumbrances of any kind or nature whatsoever other
than in favor of FUNDER or any other rights or interests that may be inconsistent with the transactions contemplated with, or adverse
to the interests of FUNDER.

 

2.11 Business
Purpose. Merchant is a valid business in good standing under the laws of the jurisdictions in which it is organized and/or
operates, and Merchant is entering into this Agreement for business purposes and not as a consumer for personal, family or household
purposes.

 

2.12 Defaults
under Other Contracts. Merchant’s execution of, and/or performance under this Agreement, will not cause or create an event
of default by Merchant under any contract with another person or entity.

 

2.13 Good
Faith. Merchant and Guarantor(s)s hereby affirm that Merchant is receiving the Purchase Price and selling FUNDER the Purchased
Amount in good faith and will use the Purchase Price funds to maintain and grow Merchant’s business

 

EVENTS
OF DEFAULT AND REMEDIES

 

3.1 Events
of Default. The occurrence of any of the following events shall constitute an “Event of Default” hereunder:

 

 (a) Merchant or Guarantor(s) shall violate any term or covenant in this Agreement;

 

 (b) Any representation or warranty by Merchant or Guarantor(s) in this Agreement shall prove to have been incorrect, false or misleading in any material respect when made;

 

 (c) the sending of notice of termination by Merchant or verbally notifying FUNDER of its intent to breach this Agreement;

 

    	 	4	Initial: 	__________

     

    

 

(d)
the Merchant fails to give FUNDER 24 hours advance notice that there will be insufficient funds in the account such that the ACH of
the Remittance amount will not be honored by Merchant’s bank, the Merchant fails to supply all requested documentation and
allow for daily and/or real time monitoring of its bank account;

 

 (e) Merchant fails to provide its bank statements, and/or month to date bank activity, and/or accounts receivable reports, and/or bank login information within two (2) business days of a request by FUNDER,

 

 (f) Merchant shall voluntarily transfer or sell all or substantially all of its assets;

 

 (g) Merchant shall make or send notice of any intended bulk sale or transfer by Merchant;

 

(h) Merchant
shall use multiple depository accounts without the prior written consent of FUNDER or takes any other action that intentionally interferes
with or prevents FUNDER from receiving the Purchased Amount in accordance with the terms of this Agreement;

 

(i) Merchant
shall enter into any financing agreements with any other party including but not limited to: Loans, Merchant Cash Advances, Receivables
financing, or any other agreement that will increase the total debt owed by Merchant to any other party.

 

 (j) Merchant shall change its depositing account without the prior written consent of FUNDER; or

 

 (k) Merchant shall close its depositing account used for ACH debits without the prior written consent of FUNDER

 

 (l) Merchant’s bank returns a code other than NSF cutting FUNDER from its collections

 

(m) Merchant
or any Owner/Guarantor(s), directly or indirectly, causes to be formed a new entity or otherwise becomes associated with any new or existing
entity, which operates a business similar to or competitive with that of Merchant;

 

 (n) Merchant shall default under any of the terms, covenants and conditions of any other agreement with FUNDER.

 

3.2 Limited
Personal Guaranty Upon the occurrence of an Event of Default, FUNDER will enforce its rights against the Guarantor(s)s of this
transaction. Said Guarantor(s)s will be jointly and severally liable to FUNDER for all of FUNDER’s losses and damages, in additional
to all costs and expenses and legal fees associated with such enforcement.

 

3.3 Remedies.
Upon the occurrence of an Event of Default occurs and is not waived pursuant to Section 4.4. hereof, FUNDER may proceed to protect
and enforce its rights or remedies by suit in equity or by action at law, or both, whether for the specific performance of any covenant,
agreement or other provision contained herein, or to enforce the discharge of Merchant’s obligations hereunder (including the Guaranty)
or any other legal or equitable right or remedy, including but not limited to filing the Confession of Judgment and executing thereon,
and enforcing the Security Agreement contained herein. All rights, powers and remedies of FUNDER in connection with this Agreement may
be exercised at any time by FUNDER 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.

 

3.4 Attorney’s
Fees. Upon the occurrence of an Event of Default, and Funder retains an attorney or law firm to enforce this Agreement, Merchant
and Guarantor(s) agree that a fee equal to 30% of the Remaining Balance (purchased amount less amount remitted by Merchant) (“Attorney’s
Fees”) shall be immediately assessed Merchant and Guarantor(s) agree that the calculation for Attorney’s Fees is reasonable.

 

3.5 Costs.
Merchant shall pay to FUNDER all reasonable costs associated with (a) an Event or Default, (b) breach by Merchant of the Covenants
in this Agreement and the enforcement thereof, and(c) the enforcement of FUNDER’s remedies set forth in this Agreement, including
but not limited to court costs and attorneys’ fees.

 

3.6 Required
Notifications. Merchant is required to give FUNDER written notice within 24 hours of any filing under Title 11 of the United
States Code. Merchant is required to give FUNDER seven days’ written notice prior to the closing of any sale of all or substantially
all of the Merchant’s assets or stock.

 

    	 

    	 

    

 

4
MISCELLANEOUS

 

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

 

4.2 Assignment.
FUNDER may assign, transfer or sell its rights to receive the Purchased Amount or delegate its duties hereunder, either in whole
or in part.

 

4.3 Notices.
All notices, requests, consents, demands and other communications hereunder shall be delivered by certified mail, return receipt
requested, to the respective parties to this Agreement at the addresses set forth in this Agreement. Notices to FUNDER shall become effective
only upon receipt by FUNDER. Notices to Merchant shall become effective three days after mailing.

 

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

 

4.5 Binding
Effect; Governing Law, Venue and Jurisdiction. This Agreement, Security Agreement and Guaranty, Guaranty of Performance, and
any and all addendums attachments, exhibits, and other documents relating to this Agreement in any way, shall be binding upon and inure
to the benefit of Merchant and Guarantor(s) on the one hand, and FUNDER and their respective successors and assigns, except that Merchant
and Guarantor(s) shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of
FUNDER which consent may be withheld in FUNDER’s sole discretion. FUNDER reserves the rights to assign this Agreement with or without
prior written notice to Merchant. This Agreement, Security Agreement and Guaranty, Guaranty of Performance, and any and all addendums,
attachments, exhibits, and other documents relating to this Agreement in any way, 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 hereof, shall, if FUNDER so elects, be instituted in any court sitting in New
York, (the “Acceptable Forums”). All Parties to this Agreement, including but not limited to, Merchant, Guarantor(s), Corporate
Guarantor(s) Merchant and Guarantor(s) that the Acceptable Forums are convenient to it, and submit 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, Merchant and
Guarantor(s) waives any right to oppose any motion or application made by FUNDER to transfer such proceeding to an Acceptable Forum.
Merchant and Guarantor(s) hereby agree that the mailing of any Summons and Complaint in any proceeding commenced by FUNDER by certified
or registered mail, return receipt requested to the Mailing Address listed on this Agreement, or via email to the Email Address listed
on this Agreement, or any other 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.

 

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

 

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

 

4.8 Severability.
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.

 

4.9 Entire
Agreement. Any provision hereof prohibited by law shall be ineffective only to the extent of such prohibition without invalidating
the remaining provisions hereof. This Agreement and the Security Agreement and Guaranty hereto embody the entire agreement between Merchant
Guarantor(s) and Corporate Guarantor(s)s and FUNDER and supersede all prior agreements and understandings relating to the subject matter
hereof.

 

4.10 JURY
TRIAL WAIVER. THE PARTIES HERETO WAIVE TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING INCONNECTION
WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OR THEENFORCEMENT HEREOF. THE PARTIES HERETO 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.

 

4.11 CLASS
ACTION WAIVER. THE PARTIES HERETO 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 AS AGAINST PUBLIC POLICY. TO THE EXTENT EITHER PARTY
IS PERMITTED BY LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST THE OTHER, THE PARTIES HEREBY AGREE THAT:
(1) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE
ACTION (NOT WITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND ( 2) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE
CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.

 

4.12 Facsimile
& Digital Acceptance. Facsimile signatures and digital signatures hereon shall be deemed acceptable for all purposes.

 

    	 	5	Initial: 	__________

     

    

 

SECURITY
AGREEMENT AND GUARANTY OF PERFORMANCE

 

THE
TERMS, DEFINITIONS, CONDITIONS AND INFORMATION SET FORTH IN THE “MERCHANT AGREEMENT”, INCLUDING THE “TERMS AND CONDITIONS”,
ARE HEREBY INCORPORATED IN AND MADE A PART OF THIS SECURITY AGREEMENT AND GUARANTY OF PEFORMANCE. CAPITALIZED TERMS NOT DEFINED IN THIS
SECURITY AGREEMENT AND GUARANTY, SHALL HAVE THE MEANING SET FORTH IN THE MERCHANT AGREEMENT, INCLUDING THE TERMS AND CONDITIONS.

 

	 	Merchant’s
    Legal Name:	MEMORY
    CARE AT GOOD SHEPARD LLC

 

	 	D/B/A:	MEMORY
    CARE AT GOOD SHEPARD LLC	Federal
    ID#:	 

 

	 	Physical
    Address:	2501
    ALDERSGATE RD	City:	LITTLE
    ROCK	State:	AR	Zip:	72205

 

SECURITY
AGREEMENT

 

Security
Interest. This Agreement will constitute a security agreement under the Uniform Commercial Code. To secure Merchant’s obligations
under the Revenue Purchase Agreement to make available or deliver Purchased Amount to FUNDER and FUNDER’s right to realize the
Purchased Amount, as and to the extent required by the terms of the Revenue Purchase Agreement, and performance of and compliance by
Merchant with its other undertakings and agreements herein, Merchant and Guarantor(s)(s) grants to FUNDER a security interest in and
lien upon: (a) all accounts, chattel paper, documents, equipment, general intangibles, instruments, and inventory, as those terms are
each defined in Article 9 of the Uniform Commercial Code (the “UCC”), now or hereafter owned or acquired by Merchant and/or
Guarantor(s)(s), (b) all proceeds, as that term is defined in Article 9 of the UCC (c) all funds at any time in the Merchant’s
and/or Guarantor(s)(s) Account, regardless of the source of such funds, (d) present and future Electronic Check Transactions, and (e)
any amount which may be due to FUNDER under this Agreement, including but not limited to all rights to receive any payments or credits
under this Agreement (collectively, the “Secured Assets”). Merchant agrees to provide other security to FUNDER upon request
to secure Merchant’s obligations under this Agreement. Merchant agrees that, if at any time there are insufficient funds in Merchant’s
Account to cover FUNDER’s entitlements under this Agreement, FUNDER is granted a further security interest in all of Merchant’s
assets of any kind whatsoever, and such assets shall then become Secured Assets. These security interests and liens will secure all of
FUNDER’s entitlements under this Agreement and any other agreements now existing or later entered into between Merchant, FUNDER
or an affiliate of FUNDER is authorized to file any and all notices or filings it deems necessary or appropriate to enforce its entitlements
hereunder.

 

In
the event Merchant, any of its officers or directors or any Owner/Guarantor(s), during the term of the Revenue Purchase Agreement or
while Merchant remains liable to FUNDER for any obligations under the Revenue Purchase Agreement, directly or indirectly, including acting
by, through or in conjunction with any other person, causes to be formed a new entity or otherwise becomes associated with any new or
existing entity, whether corporate, partnership, limited liability company or otherwise, which operates a business similar to or competitive
with that of Merchant, such entity shall be deemed to have expressly assumed the obligations due FUNDER under the Revenue Purchase Agreement.
With respect to any such entity, FUNDER shall be deemed to have been granted an irrevocable power of attorney with authority to file,
naming such newly formed or existing entity as debtor, an initial UCC financing Statement and to have it filed with any and all appropriate
UCC filing offices. FUNDER shall be held harmless by Merchant and each Owner/Guarantor(s) and be relieved of any liability as a result
of any such authentication and filing of any such Financing Statement or the resulting perfection of its ownership rights or security
interests in such entity’s assets. FUNDER shall have the right to notify such entity’s payors or account debtor (as defined
by the UCC) of FUNDER’s rights, including without limitation, FUNDER’s right to collect all accounts, and to notify any payment
card processor or creditor of such entity that FUNDER has such rights in such entity’s assets. Merchant also agrees that, at the
FUNDER’s discretion, FUNDER may choose to amend any existing financing statement to include any such newly formed entity as debtor.

 

This
security interest may be exercised by FUNDER without notice or demand of any kind by making an immediate withdrawal or freezing the Secured
Assets. FUNDER shall have the right to notify account debtors at any time. Pursuant to Article 9 of the Uniform Commercial Code, as amended
from time to time, FUNDER has control over and may direct the disposition of the Secured Assets, without further consent of Merchant.
Merchant hereby represents and warrants that no other person or entity has a security interest in the Secured Assets.

 

With
respect to such security interests and liens, FUNDER will have all rights afforded under the Uniform Commercial Code, any other applicable
law and in equity. Merchant will obtain from FUNDER written consent prior to granting a security interest of any kind in the Secured
Assets to a third party. Merchant and Guarantor(s) (s) agree(s) that this is a contract of recoupment and FUNDER is not required to file
a motion for relief from a bankruptcy action automatic stay to realize on any of the Secured Assets. Nevertheless, Merchant and Guarantor(s)(s)
agree(s) not to contest or object to any motion for relief from the automatic stay filed by FUNDER. Merchant and Guarantor(s)(s) agree(s)
to execute and deliver to FUNDER such instruments and documents FUNDER may reasonably request to perfect and confirm the lien, security
interest and right of setoff set forth in this Agreement. FUNDER is authorized to execute all such instruments and documents in Merchant’s
and Guarantor(s)(s) name.

 

Merchant
and Guarantor(s)(s) each acknowledge and agree that any security interest granted to FUNDER under any other agreement between Merchant
or Guarantor(s)(s) and FUNDER (the “Cross-Collateral”) will secure the obligations hereunder and under the Merchant Agreement.
Merchant and Guarantor(s)(s) each agrees to execute any documents or take any action in connection with this Agreement as FUNDER deems
necessary to perfect or maintain FUNDER’s first priority security interest in the Collateral and the Additional Collateral, including
the execution of any account control agreements. Merchant and Guarantor(s)(s) each hereby authorizes FUNDER to file any financing statements
deemed necessary by FUNDER to perfect or maintain FUNDER’s security interest. Merchant and Guarantor(s)(s) shall be liable for,
and FUNDER may charge and collect, all costs and expenses, including but not limited to attorney’s fees, which may be incurred
by FUNDER in protecting, preserving and enforcing FUNDER’s security interest and rights.

 

Negative
Pledge. Merchant and Guarantor(s)(s) each agrees not to create, incur, assume, or permit to exist, directly or indirectly, any lien
on or with respect to any of the Collateral or the Additional Collateral, as applicable.

 

Consent
to Enter Premises and Assign Lease. FUNDER shall have the right to cure Merchant’s default in the payment of rent on the following
terms. In the event Merchant is served with papers in an action against Merchant for nonpayment of rent or for summary eviction, FUNDER
may execute its rights and remedies under the Assignment of Lease. Merchant also agrees that FUNDER may enter into an agreement with
Merchant’s landlord giving FUNDER the right: (a) to enter Merchant’s premises and to take possession of the fixtures and
equipment therein for the purpose of protecting and preserving same; and/or (b) to assign Merchant’s lease to another qualified
business capable of operating a business comparable to Merchant’s at such premises.

 

Remedies.
Upon any Event of Default, FUNDER may pursue any remedy available at law (including those available under the provisions of the UCC),
or in equity to collect, enforce, or satisfy any obligations then owing to FUNDER, whether by acceleration or otherwise.

 

    	 	6	Initial: 	__________

     

    

 

GUARANTY
OF PERFORMANCE

 

As
an additional inducement for FUNDER to enter into the Revenue Purchase Agreement, the undersigned Guarantor(s)(s) hereby provides FUNDER
with this Guaranty. Guarantor(s)(s) will not be personally liable for any amount due under the Revenue Purchase Agreement unless Merchant
commits an Event of Default pursuant to Paragraph 3.1 of the Revenue Purchase Agreement. Each Guarantor(s) shall be jointly and severally
liable for all amounts owed to FUNDER in the Event of Default. Guarantor(s)(s) guarantee Merchant’s good faith, truthfulness and
performance of all of the representations, warranties, covenants made by Merchant in this Agreement including the Merchant’s full
and timely delivery of the Purchased Amount pursuant to (and limited by) the Revenue Purchase Agreement, in each case as each may be
renewed, amended, extended or otherwise modified (the “Guaranteed Obligations”). Guarantor(s)’s obligations are due
at the time of any breach by Merchant of any representation, warranty, or covenant made by Merchant in the Agreement.

 

Guarantor(s)
Waivers. In the event of a breach of the above, FUNDER may seek recovery from Guarantor(s)s for all of FUNDER’s losses and
damages by enforcement of FUNDER’s rights under this Agreement without first seeking to obtain payment from Merchant, any other
Guarantor(s), or any Collateral or Additional Collateral FUNDER may hold pursuant to this Agreement or any other guaranty. In addition,
Section 4.5, 4.10 and 4.11 are expressly reiterated in the Security Agreement and Guaranty herein. FUNDER is not required to notify Guarantor(s)
of any of the following events and Guarantor(s) will not be released from its obligations under this Agreement if it is not notified
of: (i) Merchant’s failure to pay timely any amount required under the Merchant Agreement; (ii) any adverse change in Merchant’s
financial condition or business; (iii) any sale or other disposition of any collateral securing the Guaranteed Obligations or any other
guaranty of the Guaranteed Obligations; (iv) FUNDER’s acceptance of this Agreement; and (v) any renewal, extension or other modification
of the Merchant Agreement or Merchant’s other obligations to FUNDER. In addition, FUNDER may take any of the following actions
without releasing Guarantor(s) from any of its obligations under this Agreement: (i) renew, extend or otherwise modify the Merchant Agreement
or Merchant’s other obligations to FUNDER; (ii) release Merchant from its obligations to FUNDER; (iii) sell, release, impair, waive
or otherwise fail to realize upon any collateral securing the Guaranteed Obligations or any other guaranty of the Guaranteed Obligations;
and (iv) foreclose on any collateral securing the Guaranteed Obligations or any other guaranty of the Guaranteed Obligations in a manner
that impairs or precludes the right of Guarantor(s) to obtain reimbursement for payment under this Agreement. Until the Purchased Amount
and Merchant’s other obligations to FUNDER under the Merchant Agreement and this Agreement are paid in full, Guarantor(s) shall
not seek reimbursement from Merchant or any other Guarantor(s) for any amounts paid by it under this Agreement. Guarantor(s) permanently
waives and shall not seek to exercise any of the following rights that it may have against Merchant, any other Guarantor(s), or any collateral
provided by Merchant or any other Guarantor(s), for any amounts paid by it, or acts performed by it, under this Agreement: (i) subrogation;
(ii) reimbursement; (iii) performance; (iv) indemnification; or (v) contribution. In the event that FUNDER must return any amount paid
by Merchant or any other Guarantor(s) of the Guaranteed Obligations because that person has become subject to a proceeding under the
United States Bankruptcy Code or any similar law, Guarantor(s)’s obligations under this Agreement shall include that amount.

 

Guarantor(s)
Acknowledgement. Guarantor(s) acknowledges that: (i) He/She is bound by the Class Action Waiver provision in the Merchant Agreement Terms
and Conditions; (ii) He/She understands the seriousness of the provisions of this Agreement; (ii) He/She has had a full opportunity to
consult with counsel of his/her choice; and (iv) He/She has consulted with counsel of its choice or has decided not to avail himself/herself
of that opportunity.

 

This
Security Agreement and Guaranty and Guaranty of Performance 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 hereof, shall, if Funder so elects, be instituted in any court sitting in New York, (the “Acceptable
Forums”). Merchant, Guarantor and Corporate Guarantors agree 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. Merchant, Guarantor and Corporate Guarantors
agree that the Acceptable Forums are convenient to it, and submit 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, Merchant, Guarantor and Corporate Guarantors
waives any right to oppose any motion or application made by Funder to transfer such proceeding to an Acceptable Forum.

 

The
Merchant Guarantor(s) and Corporate Guarantor(s) acknowledge that they have read Paragraph 4.5 of this Agreement in its entirety and
understand that they are waiving their right to Service of Process by traditional manners and will accept process of any Summons and
Complaint or other legal process by certified mail return receipt requested to the Mailing Address on Page 1 of this Agreement.

 

	FOR
    ALL MERCHANT(S) (#1)	By:	James
    Walesa	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	SSN#	 	 

 

	FOR
    ALL MERCHANT(S) (#2)	By:	 	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	SSN#	 	 

 

	GUARANTOR(S)
    (#1)	By:	James
    Walesa	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	SSN#	 	 

 

	GUARANTOR(S)
    (#2)	By:	 	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	SSN#	 	 

 

    	 	7	Initial: 	__________

     

    

 

APPENDIX
A - THE FEE STRUCTURE:

 

 A. Underwriting Fee $1,500.00 to cover underwriting and related expenses.

 

 B. Origination Fee $1,500.00 to cover cost of Origination and ACH Setup

 

 C. NSF Fee (Standard) $35.00 (each)

 

D.
Rejected ACH / Blocked ACH / Default Fee $2,500.00 When Merchant BLOCKS Account from our Debit ACH, or when Merchant directs
the bank to reject our Debit ACH, which places them in default (per contract). When Merchant changes bank Account cutting us off
from our collections.

 

 E. Bank Change Fee $50.00. When Merchant requires a change of Bank Account to be Debited, requiring us to adjust our system.

 

F.
Wire Fee - Each Merchant shall receive their funding electronically to their designated bank account and will be charged $50.00 for a
Fed Wire or $ 25.00 for a bank ACH.

 

	FOR
    THE MERCHANT (#1)	By:	James
    Walesa	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

	FOR
    THE MERCHANT (#2)	By:	 	 	 
	 	 	(Print
    Name and Title)	 	(Signature)

 

    	 	8	Initial: 	__________Exhibit
10.3

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of May 27, 2022, by and between CLEARDAY, INC., a
Delaware corporation, with its address at 8800 Village Drive, Suite 106, San Antonio, Texas 78217 (the “Company”), and FIRSTFIRE
GLOBAL OPPORTUNITIES FUND, LLC, a Delaware limited liability company, with its address at 1040 First Avenue, Suite 190 New York,
NY 10022 (the “Buyer”).

 

WHEREAS:

 

A.
The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the
Securities Act of 1933, as amended (the “1933 Act”); and

 

B.
Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement, a promissory
note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of $172,200.00 (including $18,450.00
of Original Issue Discount) (the “Note”).

 

NOW
THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1.
Purchase and Sale of the Securities.

 

a.
Purchase of the Securities. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer
agrees to purchase from the Company the Securities as is set forth immediately below the Buyer’s name on the signature pages hereto.

 

b.
Form of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Securities be issued
and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to
the Company, in accordance with the Company’s written wiring instructions, against delivery of the Securities, and (ii) the Company
shall deliver such duly executed Note on behalf of the Company against delivery of such Purchase Price.

 

c.
Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below,
the date and time of the issuance and sale of the Securities pursuant to this Agreement (the “Closing Date”) shall be 12:00
noon, Eastern Standard Time on or about May 27, 2022, or such other mutually agreed upon time. The closing of the transactions contemplated
by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.

 

2.
Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.
Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion
of or otherwise pursuant to the Note (such shares of Common Stock being collectively referred to herein as the “Conversion Shares”
and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public sale
or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act.

 

b.
Accredited Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
D (an “Accredited Investor”).

 

c.
Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth
and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the
Securities.

 

    	 

     

    

 

d.
Information. The Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information
unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer.

 

e.
Legends. The Buyer understands that the Securities have not been registered under the 1933 Act; and may bear a restrictive legend
in substantially the following form:

 

“THE
SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR UNDER ANY STATE SECURITIES LAWS, AND MAY NOT BE PLEDGED, SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED UNLESS
(1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR (2)
THE ISSUER OF SUCH SECURITIES RECEIVES AN OPINION OF COUNSEL TO THE BUYER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE REASONABLY
ACCEPTABLE TO THE ISSUER’S TRANSFER AGENT, THAT SUCH SECURITIES MAY BE PLEDGED, SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.”

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the Buyer of any Security upon
which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under
an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to an exemption from registration without
any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such Buyer provides
the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to
the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion shall be
accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those represented
by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. In
the event that the Company does not reasonably accept the opinion of counsel that properly conforms to applicable securities laws provided
by the Buyer with respect to the transfer of any Securities pursuant to an exemption from registration, such as Rule 144, at the Deadline,
it will be considered an Event of Default pursuant to Section 3.2 of the Note.

 

f.
Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered
on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its
terms.

 

3.
Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.
Organization and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly organized,
validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate
and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted. “Subsidiaries” means any corporation or other organization, whether incorporated or unincorporated, in which
the Company owns, directly or indirectly, any equity or other ownership interest.

 

b.
Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement,
the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms
hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the transactions
contemplated hereby and thereby (including without limitation, the issuance of the Note has been duly authorized by the Company’s
Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii)
this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized representative
is the true and official representative with authority to sign this Agreement and the other documents executed in connection herewith
and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each
of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.

 

    	2

     

    

 

c.
Capitalization. As of May 25, 2022, the authorized common stock of the Company consists of 80,000,000 authorized shares of Common
Stock, $0.001 par value per share, of which 17,771,902 shares are issued and outstanding. All of such outstanding shares of capital stock
are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable.

 

d.
Issuance of Shares. The Securities are duly authorized and reserved for issuance in accordance with its respective terms, will
be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof
and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability
upon the Buyer thereof.

 

e.
No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company
of the transactions contemplated hereby and thereby will not (i) conflict with or result in a violation of any provision of the Certificate
of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or
an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries
is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities
laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable
to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected
(except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually
or in the aggregate, have a Material Adverse Effect). The businesses of the Company and its Subsidiaries, if any, are not being conducted,
and shall not be conducted so long as the Buyer owns any of the Securities, in violation of any law, ordinance or regulation of any governmental
entity. “Material Adverse Effect” means any material adverse effect on the business, operations, assets, financial condition
or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements
or instruments to be entered into in connection herewith.

 

f.
SEC Documents; Financial Statements. The Company has filed all reports, schedules, forms, statements and other documents required
to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “1934
Act”) (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules
thereto and documents (other than exhibits to such documents) incorporated by reference therein, being hereinafter referred to herein
as the “SEC Documents”). Upon written request the Company will deliver to the Buyer true and complete copies of the SEC Documents,
except for such exhibits and incorporated documents. As of their respective dates or if amended, as of the dates of the amendments, the
SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated
thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, 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 light of the circumstances under which they were made, not misleading. None of the statements made in any such SEC Documents
is, or has been, required to be amended or updated under applicable law (except for such statements as have been amended or updated in
subsequent filings prior the date hereof). As of their respective dates or if amended, as of the dates of the amendments, the financial
statements of the Company included in the SEC Documents complied as to form in all material respects with applicable accounting requirements
and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with
United States generally accepted accounting principles, consistently applied, during the periods involved and fairly present in all material
respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the consolidated
results of their operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end
audit adjustments). The Company is subject to the reporting requirements of the 1934 Act.

 

    	3

     

    

 

g.
Absence of Certain Changes. Since September 30, 2021, except as set forth in the SEC Documents, there has been no material adverse
change and no material adverse development in the assets, liabilities, business, properties, operations, financial condition, results
of operations, prospects or 1934 Act reporting status of the Company or any of its Subsidiaries.

 

h.
Absence of Litigation. Except as set forth in the SEC Documents, there is no action, suit, claim, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company
or any of its Subsidiaries, threatened against or affecting the Company or any of its Subsidiaries, or their officers or directors in
their capacity as such, that could have a Material Adverse Effect. The Company and its Subsidiaries are unaware of any facts or circumstances
which might give rise to any of the foregoing.

 

i.
No Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require
registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities to the Buyer will not
be integrated with any other issuance of the Company’s securities (past, current or future) for purposes of any shareholder approval
provisions applicable to the Company or its securities.

 

j.
No Brokers. Other than as disclosed to Buyer, the Company has taken no action which would give rise to any claim by any person
for brokerage commissions, transaction fees or similar payments relating to this Agreement or the transactions contemplated hereby.

 

k.
No Investment Company. The Company is not, and upon the issuance and sale of the Securities as contemplated by this Agreement
will not be an “investment company” required to be registered under the Investment Company Act of 1940 (an “Investment
Company”). The Company is not controlled by an Investment Company.

 

l.
Breach of Representations and Warranties by the Company. If the Company breaches any of the material representations or warranties
set forth in this Section 3 which is continuing after the applicable cure period as set forth in the Note, if any, and in addition to
any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default under Section 4.4 of
the Note.

 

4.
COVENANTS.

 

a.
Best Efforts. The Company shall use its reasonable commercial efforts to satisfy timely each of the conditions described in Section
7 of this Agreement.

 

b.
Use of Proceeds. The Company shall use the proceeds for general working capital purposes.

 

c.
Expenses. At the Closing, the Company’s obligation with respect to the transactions contemplated by this Agreement is to
reimburse Buyer’ expenses shall be $3,750.00 for Buyer’s legal fees and due diligence fee.

 

d.
Corporate Existence. So long as the Buyer beneficially owns any Note, the Company shall maintain its corporate existence and shall
not sell all or substantially all of the Company’s assets, except with the prior written consent of the Buyer.

 

e.
Breach of Covenants. If the Company breaches any of the material covenants set forth in this Section 4, and in addition to any
other remedies available to the Buyer pursuant to this Agreement which is continuing after the applicable cure period as set forth in
the Note, it will be considered an event of default under Section 4.4 of the Note.

 

    	4

     

    

 

f.
Failure to Comply with the 1934 Act. So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting
requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

 

g.
The Buyer is Not a “Dealer”. The Buyer and the Company hereby acknowledge and agree that the Buyer has not: (i) acted
as an underwriter; (ii) acted as a market maker or specialist; (iii) acted as “de facto” market maker; or (iv) conducted
any other professional market activities such as providing investment advice, extending credit and lending securities in connection;
and thus that the Buyer is not a “Dealer” as such term is defined in the 1934 Act.

h.
Most-Favored Nation

 

(i)
So long as any of the Securities are outstanding, upon any issuance by the Company or any of its Subsidiaries of any Specified Securities
with an aggregate Initial Value of less than $250,000, with any Favorable Term (even if it’s only upon a default), then (A) the
Company shall provide a notice (“Issuance Notice”) to the Buyer of such additional or more Favorable Term within one (1)
business day of the issuance or amendment (as applicable) of the respective Specified Security, and (B) the Buyer by notice (“MFN
Exercise Notice”) that is delivered not later than 5 business days after the Issuance Notice, my require that the Note shall be
revised to provide the that the Note shall have the terms of the Specified Security with more Favorable Terms pro rata on the amount
of net cash proceeds to the Company under the Note (regardless of whether the Company complied with the obligation to deliver the Issuance
Notice). The types of terms contained in another security that may be more Favorable to the holder of such Specified Security include,
but are not limited to, terms addressing conversion discounts, prepayment rate, conversion lookback periods, interest rates, and original
issue discounts.

 

(ii)
On any issuance of Specified Securities with an Initial Value of $250,000 or more, the obligation to provide more Favorable Terms to
the holder of the Note shall be limited to the Conversion Price that the Note may be converted into equity in accordance with the Note.

 

(iii)
Certain Definitions. As used in this Agreement, the following capitalized terms shall have the respective meanings ascribed thereto as
follows in this paragraph h(iii):

 

(A)
“Favorable Term” means a term that is more favorable to the purchaser of a Specified Security than the equivalent term in
the Note or provides a new more favorable term to the purchaser of a Specified Security that is not included in the Note after giving
effect to the obligations of such purchaser of a Specified Security with respect to such term. A term shall be a Favorable Term if the
internal rate of return of the Specified Security is greater than the internal rate of return of the Note. If a term does not have a
cash value or effect the computation of internal rate of return, then such term will be a Favorable Term by the reasonable determination
of the holder of the Note. Notwithstanding the foregoing, a Favorable Term regarding the Conversion Price (as defined by the Note) or
any right of the holder of the Note to be issued equity upon conversion of obligations under the Note shall be effective upon an Event
of Default by the Company under the Note and a Favorable Term shall not apply to any of the following (1) the initial payment grace period
under the Note or (2) the amortization schedule of the Note or (3) any security interest that is granted to the purchaser of a Specified
Security.

 

(B)
“Initial Value” means the aggregate initial principal amount of the Specified Securities or if no initial principal amount,
then the aggregate amount of monetary obligations payable b the Company or Subsidiary under such Specified Securities.

 

(C)
“Specified Security” means a security issued by the Company or a Subsidiary after the date of the Note that requires the
payment of cash to the purchaser of such security and shall not include any of the following: (1) a factoring or revenue purchase or
similar agreement; (2) a security issued to directors, officers or employees or agents for services; (3) a security issued for the guaranty
or indemnification of the Company or to a related person of the Company for the guaranty of indebtedness; (4) any security issued to
settle or compromise litigation; or (4) a security if the Company repays the obligations of the Note within two business days after the
issuance of such security.

 

    	5

     

    

 

5.
Transfer Agent Instructions. The Company shall issue irrevocable instructions to its transfer agent to issue certificates, registered
in the name of the Buyer or its nominee, for the shares underlying any conversion of the Note upon default of the Note (the “Conversion
Shares”) in such amounts as specified from time to time by the Buyer to the Company upon conversion of the Note in accordance with
the terms thereof (the “Irrevocable Transfer Agent Instructions”). In the event that the Company proposes to replace its
transfer agent, the Company shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent
Instructions in a form as initially delivered pursuant to this Agreement (including but not limited to the provision to irrevocably reserve
shares of Common Stock in the Reserved Amount as such term is defined in the Note) signed by the successor transfer agent to Company
and the Company. Prior to registration of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be
sold pursuant to an exemption from registration, all such certificates shall bear the restrictive legend specified in Section 2(e) of
this Agreement. The Company warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred to in this
Section 5, will be given by the Company to its transfer agent and that the Securities shall otherwise be freely transferable on the books
and records of the Company as and to the extent provided in this Agreement and the Note; (ii) it will not direct its transfer agent not
to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)(electronically or in certificated form) any
certificate for Conversion Shares to be issued to the Buyer upon conversion of or otherwise pursuant to the Note as and when required
by the Note and this Agreement; and (iii) it will not fail to remove (or directs its transfer agent not to remove or impairs, delays,
and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof)
on any certificate for any Conversion Shares issued to the Buyer upon conversion of or otherwise pursuant to the Note as and when required
by the Note and/or this Agreement. If the Buyer provides the Company and the Company’s transfer, at the cost of the Buyer, with
an opinion of counsel in form, substance and scope customary for opinions in comparable transactions, to the effect that a public sale
or transfer of such Securities may be made without registration under the 1933 Act, the Company shall permit the transfer, and, in the
case of the Conversion Shares, promptly instruct its transfer agent to issue one or more certificates, free from restrictive legend,
in such name and in such denominations as specified by the Buyer. The Company acknowledges that a breach by it of its obligations hereunder
will cause irreparable harm to the Buyer, by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly, the
Company acknowledges that the remedy at law for a breach of its obligations under this Section 5 may be inadequate and agrees, in the
event of a breach or threatened breach by the Company of the provisions of this Section, that the Buyer shall be entitled, in addition
to all other available remedies, to an injunction restraining any breach and requiring immediate transfer, without the necessity of showing
economic loss and without any bond or other security being required.

 

6.
Conditions to the Company’s Obligation to Sell. The obligation of the Company hereunder to issue and sell the Securities
to the Buyer at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions thereto,
provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion:

 

a.
The Buyer shall have executed this Agreement and delivered the same to the Company.

 

b.
The Buyer shall have delivered the Purchase Price in accordance with Section 1(b) above.

 

c.
The representations and warranties of the Buyer shall be true and correct in all material respects as of the date when made and as of
the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and the Buyer
shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this
Agreement to be performed, satisfied or complied with by the Buyer at or prior to the Closing Date.

 

d.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

    	6

     

    

 

7.
Conditions to The Buyer’s Obligation to Purchase. The obligation of the Buyer hereunder to purchase the Securities at the
Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions
are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

 

a.
The Company shall have executed this Agreement and delivered the same to the Buyer.

 

b.
The Company shall have delivered to the Buyer the duly executed Note, in accordance with Section 1(b) above.

 

c.
The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to the Buyer, shall have been delivered to and acknowledged
in writing by the Company’s Transfer Agent.

 

d.
The representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as
of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date) and the
Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Buyer shall have received
a certificate or certificates, executed by the chief executive officer of the Company, dated as of the Closing Date, to the foregoing
effect and as to such other matters as may be reasonably requested by the Buyer including, but not limited to certificates with respect
to the Board of Directors’ resolutions relating to the transactions contemplated hereby.

 

e.
No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

f.
No event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but not limited
to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934 Act reporting obligations.

 

8.
Governing Law; Miscellaneous.

 

a.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Agreement shall be brought only in Delaware Court of Chancery or in the United States District Court for the District of Delaware.
The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and
shall not assert any objection or defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company
and Buyer waive trial by jury. The Buyer shall be entitled to recover from the Company its reasonable attorney’s fees and costs
incurred in connection with or related to any Event of Default by the Company, as defined in Article III of the Note. Each party hereby
irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with
this Agreement, the Note or any related document or agreement by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such
service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any other manner permitted by law.

 

b.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of
which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered
to the other party.

 

c.
Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation
of, this Agreement.

 

    	7

     

    

 

d.
Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to
conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

 

e.
Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor
the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may
be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be
in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified,
return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most
recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a)
upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address
or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the
first business day following such delivery (if delivered other than on a business day during normal business hours where such notice
is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed
to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be
as set forth in the heading of this Agreement with a copy by fax only to (which copy shall not constitute notice) to Naidich Wurman LLP,
111 Great Neck Road, Suite 214, Great Neck, NY 11021, Attn: Allison Naidich, facsimile: 516-466-3555, e-mail: allison@nwlaw.com.
Each party shall provide notice to the other party of any change in address.

 

g.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and
assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any person that purchases Securities
in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without
the consent of the Company.

 

h.
Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall
survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees
to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result
of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth in this
Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

i.
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

j.
No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

k.
Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by
vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law
for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by
the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any
breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss
and without any bond or other security being required.

 

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REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

    	8

     

    

 

IN
WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.

 

	CLEARDAY,
    INC.	 
	 	 	 
	By:	 	 
	 	James
    T. Walesa	 
	 	Chief
    Executive Officer	 
	 	 	 
	FIRSTFIRE
    GLOBAL OPPORTUNITIES FUND, LLC	 
	 	 	 
	By:	 	 
	 	Eli
    Fireman

    President
	 

 

	Aggregate Principal Amount of Note:	 	$	172,200.00	 
	Original Issue Discount	 	$	18,450.00	 
	Aggregate Purchase Price:	 	$	153,750.00

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