Document:

Exhibit 10.87

 

		
        Wells Fargo Bank, N.A.

        London Branch

        One Plantation Place

        30 Fenchurch Street

        London EC3M 3BD

        United Kingdom

         

        Tel: +44 (0)20 7149 8100

        Fax: +44 (0)20 7149 7220

 

Private and Confidential

 

		To:	Orbital Gas Systems Limited (the “Customer”)

Cold Meece,

Stone, Staffordshire

ST15 0QN

United Kingdom

 

	Attention:	Mr Simon Vinter
	 	 
	 	Mr Dan Ford 
	 	 
	 	Mr Bill Clough

 

Date: September 13, 2016

 

Dear Sirs

 

ORBITAL GAS SYSTEMS LIMITED – GBP1,500,000.00
MULTI-CURRENCY OVERDRAFT FACILITY

 

We are pleased to set out in this facility
letter (the Facility Letter) the terms and conditions on which Wells Fargo Bank N.A., London branch is willing to authorise
an Overdraft on one or more the accounts that are maintained by you with the Bank.

 

The terms of the proposed facility are
set out in Part I of this Facility Letter (the “Facility Terms”) and the Bank’s General Terms and Conditions
for facilities of this nature set out in Part II of this Facility Letter (the “General Terms”). The Facility
Terms and the General Terms will each form part of the agreement that is constituted by your acceptance of this Facility Letter.

 

If you would like to proceed with the proposed
Overdraft Facility please confirm your agreement to and acceptance of the terms and conditions set out in this Facility Letter
by signing the acceptance below. Customer should retain a copy of each of the Finance Documents (as defined below) for so long
as it maintains any Account with the Bank.

 

Yours faithfully,

 

	WELLS FARGO BANK, N.A., LONDON BRANCH	 
	 	 	 
	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title	 	 

 

     

     

    

 

BORROWER ACKNOWLEDGEMENT

 

We acknowledge and agree to the terms and
conditions of the Overdraft Facility as set out in the attached letter.

 

	ORBITAL GAS SYSTEMS LIMITED 
	 	 	 	 	 
	By:	 	 	By:	 
	 	 	 	 	 
	Name:	 	 	Name:	 
	 	 	 	 	 
	Title:	 	 	Title:	 

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

    	 	2	 

     

    

 

PART
I: THE OVERDRAFT FACILITY

 

	Bank:	 	Wells Fargo Bank, National Association, London Branch
	 	 	 
	Customer	 	Orbital Gas Systems Limited, a company incorporated in England and Wales with registered number [●] and with its registered address at Cold Meece, Near Stone, Staffordshire, ST15 0QN. United Kingdom 
	 	 	 
	Parent	 	CUI Global, Inc., a company incorporated in the United States, with its registered address at 20050 SW 112th Avenue, Tualatin, Oregon, 97062, USA. 
	 	 	 
	Overdraft Facility:	 	An uncommitted, multi-currency, payable on-demand overdraft facility 
	 	 	 
	Facility Limit:	 	GBP £1,500,000.00 as at the Signing Date          
	 	 	 
	Base Currency:	 	Sterling (£)
	 	 	 
	Optional Currencies:	 	Euro (€), United States Dollars (US$) and any currency agreed between the Bank and the Customer and designated as an Optional Currency 
	 	 	 
	Base Currency Amount	 	The Base Currency Amount of any amount denominated in the Base Currency is its amount and of any amount denominated in an Optional Currency is that amount converted into the Base Currency at the Bank's spot rate of exchange for the purchase of the relevant Optional Currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on the Banking Day prior to the date on which such calculation is made
	 	 	 
	Facility Account:	 	The Base Currency Account and each Optional Currency Account and in each case includes any other account which is a successor to the account on any renumbering or re-designation of accounts
	 	 	 
	Base Currency Account	 	The Sterling (£) account in the name of the Customer and opened and maintained with the Bank, account number [●]
	 	 	 
	Optional Currency Account	 	Any account in the name of the Customer that is opened and maintained with the Bank for the deposit of any Optional Currency pursuant to clause 7 (Optional Currencies) of this Agreement
	 	 	 
	Margin:	 	2.25% per annum or such other amount as may be agreed between the Customer and the Bank in writing from time to time
	 	 	 
	Documentation Fee	 	£2,500
	 	 	 
	Termination Date:	 	The fifth anniversary of the Signing Date
	 	 	 
	Parent Guaranty	 	A guaranty governed by the laws of the State of New York granted by the Guarantor in favour of the Bank
	 	 	 
	Debenture	 	Debenture created by the Customer in favour of the Bank.
	 	 	 
	Finance Document	 	This Agreement, the Debenture and the Parent Guaranty are each a Finance Document, together with any other document designated as a Finance Document between the Customer and the Bank
	 	 	 
	Conditions precedent documents	 	
        a)    A
        copy of the constitutional documents of the Customer.

         

        b)    A
        copy of the resolutions of the board of directors of the Customer (i) approving the terms of, and the transactions contemplated
        by, the Finance Documents and resolving that it execute the Finance Documents; (ii) authorising a specified person or persons to
        execute the Finance Documents; and (iii) authorising a specified person or persons, on its behalf, to sign and/or despatch all
        documents and notices to be signed and/or despatched by it under or in connection with the Finance Documents.

 

    	 	3	 

     

    

 

	 	 	
        c)    A
        specimen of the signature of each person authorised by the resolution referred to.

         

        d)    A
        certificate of a director of the Customer certifying that each copy document delivered as a condition precedent to this Agreement
        is correct, complete and in full force and effect as at a date no earlier than the date of this Agreement.

         

        e)    The
        Debenture

         

        f)    The
        Parent Guaranty, together with appropriate resolutions and a certificate of incumbency.

         

        g)    Evidence
        that the Customer has paid the Documentation Fee.

	 	 	 
	Signing Date	 	The date that this Agreement is constituted, being the date that the Customer delivers its executed counterpart of the Facility Letter to the Bank

 

    	 	4	 

     

    

 

PART II: GERNERAL
TERMS AND CONDITIONS

 

		1.	INTERPRETATION

 

		1.1	A reference to “this Agreement” is reference to the agreement constituted by
the Customer’s acceptance of the terms of the Facility Letter.

 

		1.2	Terms defined in the Commercial Account Agreement have the same meaning when used in this Agreement
unless expressly defined in this Agreement. The principles of construction set out in the Commercial Account Agreement apply to
this Agreement as though they were expressly set out in full in this Agreement, except that references to the Commercial Account
Agreement will be construed as references to this Agreement

 

		1.3	A person who is not a party to this Agreement has no right under the Contracts (Rights of Third
Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement. The consent of any person who is not a party
is not required to rescind or vary this Agreement at any time.

 

		2.	GENERAL CONDITIONS

 

		(a)	The Bank’s commercial account agreement relating to the operation of the Facility Accounts
(the “Commercial Account Agreement”) from time to time shall apply to the Overdraft Facility except that Clause
10 (Overdrafts) of the Commercial Account Agreement) shall not apply to any Overdraft on a Facility Account arranged pursuant to
this Agreement.

 

		(b)	Where there is any conflict between the Commercial Account Agreement and any provision of this
Agreement, the terms of this Agreement shall prevail insofar as the term relates to the Overdraft Facility.

 

		3.	THE OVERDRAFT FACILITY

 

		(a)	The Bank grants to the Customer the Overdraft Facility on the terms, and subject to the conditions,
of this Agreement.

 

		(b)	The Base Currency Amount the Overdrafts on the Facility Accounts shall not in aggregate exceed
the Facility Limit.

 

		4.	PURPOSE

 

The Overdraft
Facility is being made available to finance the general corporate purposes of the Customer and for such other purposes as the Bank
and the Customer may from time to time agree.

 

		5.	AVAILABILITY AND TERM

 

		(a)	The Overdraft Facility is available on each Facility Account and may be drawn by way of cash advances
in the Base Currency or, subject to clause 7 below, any Optional Currency with any negative balance on a Facility Account representing
an overdraft (an “Overdraft”).

 

		(b)	Whilst it is the Bank’s present intention that the Overdraft Facility should remain available
to the Customer unless and until the Termination Date occurs, notwithstanding any other provision of this Agreement the Bank nevertheless
reserves the right to reduce or terminate the Overdraft Facility and make demand for all or any part of the sums outstanding hereunder
at any time by written notice to the Customer.

 

		(c)	From time to time the Bank may review the terms and conditions on which the Bank is willing to
make the Overdraft Facility available to the Customer and may require that this Agreement is amended in order to reflect any changes
to such terms and conditions in order for the Overdraft Facility to remain available.

 

		(d)	The Overdraft Facility will not be available until the Bank has received all of the documents and
other evidence listed in Part I under the heading “Condition precedent documents” in form and substance satisfactory
to the Bank.

 

		6.	REPAYMENT

 

The Customer
shall immediately repay all amounts outstanding under the Overdraft Facility together with all accrued interest, costs and any
other amounts due under this Agreement or any other Finance Document on demand at any time by the Bank.

 

		7.	OPTIONAL CURRENCIES

 

		(a)	The Customer may utilise the Overdraft Facility in an Optional Currency provided that an Optional
Currency Account has been opened to take deposits in the relevant Optional Currency.

 

		(b)	The equivalent in the Base Currency of any advance or drawing in an Optional Currency for the purposes
of determining:

 

		(i)	whether any limit under this Agreement has been exceeded;

 

		(ii)	the amount that is available to be drawn under the Overdraft Facility; or

 

		(iii)	the amount of any prepayment or repayment,

 

is its Base
Currency Amount.

 

		8.	INTEREST

 

		(a)	Interest shall accrue on the daily Overdraft of each Facility Account at the per annum rate which
is the aggregate of the Bank’s base rate applicable to that Facility Account and the Margin.

 

		(b)	The Bank’s base rate may change from time to time with immediate effect. Details of the Bank’s
current base rate can be obtained by contacting the Bank.

 

		(c)	Accrued interest shall be payable monthly in arrear and shall be debited to the relevant Facility
Account.

 

    	 	5	 

     

    

 

		(d)	Any sum payable hereunder which is not paid when due shall accrue interest on the overdue sum from
the due date up to the date of actual payment (both before and after judgement) at a rate which is 3% per annum higher than the
rate calculated pursuant to paragraph (a) above and shall accrue both before and after judgment. The Bank is not obliged to allow
(or to continue to allow) any such excess borrowing.

 

		(e)	Interest will be calculated on the basis of a 360 or 365 day year based on the convention for the
currency of the relevant Facility Account and for the actual number of das elapsed.

 

		(f)	Default interest (if unpaid) arising on an overdue amount will be compounded with the overdue amount
at the end of each day but will remain immediately due and payable.

 

		9.	TAX GROSS-UP
                                         AND INDEMNITIES

 

		9.1	Tax definitions

 

In this Clause:

 

“Code”
means the US Internal Revenue Code of 1986;

 

“FATCA”
means:

 

		(a)	sections 1471 to 1474 of the Code or any associated regulations;

 

		(b)	any treaty, law or regulation of any other jurisdiction, or relating to an intergovernmental agreement
between the US and any other jurisdiction, which (in either case) facilitates the implementation of any law or regulation referred
to in paragraph (a) above; or

 

		(c)	any agreement pursuant to the implementation of any treaty, law or regulation referred to in paragraphs
(a) or (b) above with the US Internal Revenue Service, the US government or any governmental or taxation authority in any other
jurisdiction;

 

“FATCA Deduction”
means a deduction or withholding from a payment under a Finance Document required by FATCA; and

 

“FATCA
Exempt Party” means a party to this Agreement that is entitled to receive payments free from any FATCA Deduction.

 

"ITA" means
the Income Tax Act 2007.

 

"Tax" means
any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection
with any failure to pay or any delay in paying any of the same).

 

"Tax Credit"
means a credit against, relief or remission for, or repayment of any Tax.

 

"Tax Deduction"
means a deduction or withholding for or on account of Tax from a payment under a Finance Document other than a FATCA Deduction.

 

"Tax Payment"
means an increased payment made by the Customer to the Bank under Clause ‎9.2 (Tax gross-up) or a payment under Clause ‎9.3
(Tax indemnity).

 

"VAT" means:

 

		(a)	any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system
of value added tax (EC Directive 2006/112); and

 

		(b)	any other tax of a similar nature, whether imposed in a member state of the European Union in substitution
for, or levied in addition to, such tax referred to in paragraph (a) above, or imposed elsewhere.

 

			Unless a contrary indication appears, in this Clause ‎a reference to "determines"
or "determined" means a determination made in the absolute discretion of the person making the determination.

 

		9.2	Tax gross-up

 

		(a)	The Customer shall make all payments to be made by it without any Tax Deduction, unless a Tax Deduction
is required by law.

 

		(b)	The Customer shall promptly upon becoming aware that it must make a Tax Deduction (or that there
is any change in the rate or the basis of a Tax Deduction) notify the Bank accordingly. Similarly, the Bank shall notify the Customer
on becoming so aware in respect of a payment payable to the Bank.

 

		(c)	If a Tax Deduction is required by law to be made by the Customer, the amount of the payment due
from the Customer shall be increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment
which would have been due if no Tax Deduction had been required.

 

		(d)	If the Customer is required to make a Tax Deduction, it shall make that Tax Deduction and any payment
required in connection with that Tax Deduction within the time allowed and in the minimum amount required by law.

 

		(e)	Within thirty days of making either a Tax Deduction or any payment required in connection with
that Tax Deduction, the Customer shall deliver to the Bank a statement under section 975 of the ITA or other evidence reasonably
satisfactory to the Bank that the Tax Deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing
authority.

 

		(f)	The Customer and the Bank shall co-operate in completing any procedural formalities necessary for
the Customer to obtain authorisation to make payments to be made by it without a Tax Deduction if it is able to do so in its jurisdiction
of incorporation, including (but not limited to) the filing of a Form DTTP2 with HM Revenue & Customs.

 

    	 	6	 

     

    

 

		9.3	Tax indemnity

 

		(a)	The Customer shall (within three Business Days of demand by the Bank) pay to the Bank an amount
equal to the loss, liability or cost which the Bank determines will be or has been (directly or indirectly) suffered for or on
account of Tax by the Bank in respect of a Finance Document.

 

		(b)	Paragraph (a) above shall not apply:

 

		(i)	with respect to any Tax assessed on the Bank (A) under the law of the jurisdiction in which the
Bank is incorporated or, if different, the jurisdiction (or jurisdictions) in which the Bank is treated as resident for tax purposes;
or (B) under the law of the jurisdiction in which the Bank's facility office (being the office from which it performs its obligations
under this Agreement) is located in respect of amounts received or receivable in that jurisdiction;

 

		(ii)	if that Tax is imposed on or calculated by reference to the net income received or receivable (but
not any sum deemed to be received or receivable) by the Bank; or

 

		(iii)	to the extent a loss, liability or cost is compensated for by an increased payment under Clause 9.2
(Tax gross-up) or relates to a FATCA Deduction required to be made by a Party;.

 

		(c)	If the Bank makes (or intends to make) a claim under paragraph ‎(a) above it shall promptly
notify shall notify the Customer of the event giving rise to the claim

 

		9.4	Tax credit

 

If the Customer makes a Tax
Payment and the Bank determines that (a) a Tax Credit is attributable to an increased payment of which that Tax Payment forms part,
to that Tax Payment or to a Tax Deduction in consequence of which that Tax Payment was required and (b) the Bank has obtained and
utilised that Tax Credit, the Bank shall pay an amount to the Customer which the Bank determines will leave it (after that payment)
in the same after-Tax position as it would have been in had the Tax Payment not been required to be made by the Customer.

 

		9.5	Stamp taxes

 

The Customer shall pay and,
within three Business Days of demand, indemnify the Bank against any cost, loss or liability the Bank incurs in relation to all
stamp duty, registration and other similar Taxes payable in respect of any Finance Document.

 

		9.6	VAT

 

		(a)	All amounts expressed to be payable under a Finance Document by the Customer to the Bank which
(in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which
is chargeable on that supply, and accordingly, subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made
by the Bank to the Customer under a Finance Document and the Bank is required to account to the relevant tax authority for the
VAT, the Customer must pay to the Bank (in addition to and at the same time as paying any other consideration for such supply)
an amount equal to the amount of the VAT.

 

		(b)	Where a Finance Document requires the Customer to reimburse or indemnify the Bank for any cost
or expense, the Customer shall reimburse or indemnify (as the case may be) the Bank for the full amount of such cost or expense,
including such part thereof as represents VAT, save to the extent that the Bank reasonably determines that it is entitled to credit
or repayment in respect of such VAT from the relevant tax authority.

 

		(c)	Any reference in this Clause to any Party shall, at any time when such Party is treated as
a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the
representative member of such group at such time (the term "representative member" to have the same meaning as in the
Value Added Tax Act 1994).

 

		(d)	In relation to any supply made by the Bank to the Customer under a Finance Document, if reasonably
requested by the Bank, the Customer must promptly provide the Bank with details of the Customer's VAT registration and such other
information as is reasonably requested in connection with the Bank's VAT reporting requirements in relation to such supply.

 

		9.7	FATCA Information

 

		(a)	Subject to paragraph (iii) below, each party shall, within ten Banking Days of a reasonable request
by the other party:

 

		(i)	confirm to the other party whether it is:

 

		(A)	a FATCA Exempt Party; or

 

		(B)	not a FATCA Exempt Party; and

 

		(ii)	supply to that other party such forms, documentation and other information relating to its status
as that other party reasonably requests for the purposes of that other party's compliance with FATCA or any other law, regulation,
or exchange of information regime.

 

		(b)	If a party confirms to the other party that it is a FATCA Exempt Party and it subsequently becomes
aware that it is not, or has ceased to be a FATCA Exempt Party, that party shall notify the other party promptly.

 

		(c)	This Clause shall not oblige the Bank or the Borrower to do anything which would or might in its
reasonable opinion constitute a breach of: (i) any law or regulation; (ii) any fiduciary duty; or (iii) any duty of confidentiality.

 

		(d)	If a party fails to confirm its status or to supply forms, documentation or other information requested
in accordance with this clause then such party shall be treated for the purposes of the Finance Documents (and payments under them)
as if it is not a FATCA Exempt Party until such time as the party in question provides the requested confirmation, forms, documentation
or other information.

 

    	 	7	 

     

    

 

		9.8	FATCA Deduction

 

		(e)	Each party to this Agreement may make any FATCA Deduction it is required to make by FATCA, and
any payment required in connection with that FATCA Deduction, and no party to this Agreement shall be required to increase any
payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA
Deduction.

 

		(f)	Each party to this Agreement shall promptly,
upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction)
notify the other party to this Agreement to whom it is making the payment.

 

		10.	CURRENCY OF PAYMENTS

 

The Base Currency is the currency
of account and payment for any sum due from the Customer under any Finance Document, provided that:

 

		(i)	repayment of an Overdraft or a part of an Overdraft shall be made in the currency in which that
Overdraft is denominated, pursuant to this Agreement, on its due date;

 

		(ii)	each payment of interest shall be made in the currency in which the sum in respect of which the
interest is payable was denominated, pursuant to this Agreement, when that interest accrued;

 

		(iii)	each payment in respect of costs, expenses or Taxes shall be made in the currency in which the
costs, expenses or Taxes are incurred; and

 

		(iv)	any amount expressed to be payable in a currency other
than the Base Currency shall be paid in that other currency.

 

		11.	COSTS AND EXPENSES

 

All costs,
charges and expenses incurred or suffered by the Bank, including, without limitation, legal costs, arising at any time in connection
with the Overdraft Facility or with any security or guarantee in respect of all or any of the Customer’s obligations in connection
with the Overdraft Facility, are payable by the Customer on demand on a full indemnity basis.

 

		12.	REPRESENTATIONS AND WARRANTIES; GENERAL UNDERTAKINGS

 

		12.1	Representations and warranties

 

		(a)	The Customer makes the representations and warranties in this clause to the Bank on the Signing
Date and on each date thereafter on which there is an Overdraft on any Facility Account.

 

		(b)	Neither the Customer nor any of its subsidiaries:

 

		(i)	is a Restricted Party; (ii)    has, to the best of the Customer's knowledge
after making due inquiry, received notice of any action, suit, proceeding or investigation against it with respect to Sanctions
from any Sanctions Authority; or

 

		(iii)	has used any revenue or benefit derived from any activity or dealing with any Restricted Party
in discharging any obligation due or owing to the Bank.

 

		(c)	The Customer conducts its businesses in compliance with applicable Anti-Corruption Laws has instituted
and maintained policies and procedures designed to promote and achieve compliance with applicable Anti-Corruption Laws.

 

		(d)	The operations of the Customer are, and have been, conducted at all times in compliance with applicable
Anti-Money Laundering Laws.

 

		(e)	No litigation, regulatory or administrative proceedings of or before any court, tribunal or agency
with respect to any Anti-Money Laundering Laws have been started or (to the best of its knowledge and belief) threatened against
it or any of its subsidiaries.

 

		12.2	General undertakings

 

		(a)	The Customer shall not (directly or indirectly) use, lend, make payments of, contribute or otherwise
make available, all or any part of the proceeds of the Facility:

 

		(i)	to fund or finance any transactions that is prohibited by Sanction; or

 

		(ii)	in any other manner which would result in any member of the Group or the Bank being in breach of
any Sanctions or becoming a Restricted Party.

 

		(b)	The Customer shall open and maintain each Facility Account with the Bank, which shall be and at
all times shall remain its main operating current account(s), and, unless otherwise agreed with the Bank, the Customer shall ensure,
as soon as practicable following the Signing Date, that its primary banking transactions are processed through the relevant Facility
Account.

 

		(c)	The Customer shall not enter into any banking or other credit facility arrangements or any interest
rate or other exchange or hedging agreements other than with the Bank or otherwise incur any indebtedness for borrowed monies of
whatsoever nature other than under the Overdraft Facility and any other agreements entered into with the Bank or as have been notified
to the Bank and approved by the Bank in writing.

 

		(d)	The Customer shall promptly upon the request of the Bank supply, or procure the supply of, such
documentation and other evidence as is reasonably requested by the Bank in order for the Bank to carry out and be satisfied it
has complied with all necessary "know your customer" or other similar checks under all applicable laws, regulations,
applicable market guidance or internal policy.

 

    	 	8	 

     

    

 

		(e)	Customer shall deliver to the Bank, as
soon as the same become available and in any event within: (i) 90 days of the end of each of its financial years, its
audited consolidated financial statements for that financial year; and (ii) 30 days after the end of each quarter of each of its
financial years, its consolidated financial statements for that financial quarter. 

 

		(f)	In this Agreement:

 

"Anti-Corruption Law"
means (a) the US Foreign Corrupt Practices Act of 1977; (b) the UK Bribery Act 2010; and (c) any similar applicable laws or
regulations in any jurisdiction in which Customer is located or doing business that relate to bribery or corruption.

 

“Anti-Money Laundering
Laws” means applicable laws or regulations in any jurisdiction in which Customer is located or doing business that relate
to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related
thereto.

 

“Restricted Party”
means a person:

 

		(a)	whose name is listed on, or is owned or controlled by a person whose name is listed on, or acting
on behalf of a person whose name is listed on, any Sanctions List;

 

		(b)	that is incorporated under the laws of, or owned or controlled by, or acting on behalf of, a person
incorporated under the laws of, a country or territory that is the target of country-wide or territory-wide Sanctions; or

 

		(c)	that is otherwise the target of any Sanction.

 

“Sanctions”
means the economic, financial or other sanctions laws, regulations or embargoes administered and enforced from time to time by
any Sanctions Authority.

 

“Sanctions Authority”
means:

 

		(a)	the United Nations Security Council;

 

		(b)	the European Union; or

 

		(c)	the governmental institutions and agencies of the United States of America, including, without
limitation, the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”) or the governmental
institutions and agencies of the United Kingdom, including, without limitation, Her Majesty’s Treasury (“HMT”).

 

“Sanctions List”
means each list maintained or public designation made by any Sanctions Authority in respect of the targets or scope of the Sanctions
that are administered and enforced by that Sanctions Authority including, without limitation:

 

		(a)	the “Specially Designated Nationals List” and the “Consolidated Non-SDN List”
each administered and enforced by OFAC; and

 

		(b)	the “Financial Sanctions: Consolidated List of Targets” administered and enforced by
HMT,

 

in each case as amended, supplemented
or substituted from time to time

 

		13.	CHANGES TO THE PARTIES

 

Customer’s
rights, benefits and interests under this Agreement are personal to Customer and are not capable of assignment, transfer or being
charged and the Account or obligations shall not without Bank’s written consent be capable of being assigned, transferred
or charged. Bank shall be entitled to assign or transfer all or part of its rights, benefits, interests and obligations under this
Agreement to another party, and any successor to Bank shall succeed to Bank’s rights and responsibilities hereunder.

 

		14.	PARTIAL INVALIDITY

 

If at any time
any provision hereof is or becomes invalid, illegal or unenforceable in any respect under any law of any jurisdiction, the validity,
legality and enforceability of the remaining provisions hereof and the validity, legality and enforceability of such provisions
under the law of other jurisdictions shall not in any way be affected or impaired thereby.

 

		15.	AMENDMENTS, REMEDIES AND WAIVERS

 

		(a)	Except as provided in this Agreement, no amendment this Agreement shall be effective unless it
is in writing and signed by, or on behalf of, each party to it (or its authorised representative) unless such amendment is made
pursuant to a modification to the Commercial Account Agreement.

 

		(b)	No failure to exercise, nor any delay in exercising, on the part of the Bank, any right or remedy
under the Finance Documents shall operate as a waiver of any such right or remedy or constitute an election to affirm any of the
Finance Documents. No election to affirm any of the Finance Documents on the part of the Bank shall be effective unless it is in
writing. No single or partial exercise of any right or remedy shall prevent any further or other exercise or the exercise of any
other right or remedy. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies
provided by law.

 

		16.	GOVERNING LAW AND JURISDICTION

 

		(a)	This Agreement and any non-contractual obligations arising out of or in connection with it are
governed by English law.

 

		(b)	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection
with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or any non-contractual
obligation arising out of or in connection with this Agreement) (a "Dispute")

 

    	 	9	 

     

    

 

		(c)	The parties agree that the courts of England are the most appropriate and convenient courts to
settle Disputes and accordingly no party will argue to the contrary.

 

		 (d)	This Clause is for the benefit of the Bank only. As a result, to the extent allowed by law (i)
the Bank shall not be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction; and (ii) the
Bank may take concurrent proceedings in any number of jurisdiction.

 

    	 	10Exhibit 10.88 

 

CONTINUING GUARANTY

 

TO: WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”)

 

FROM: CUI Global, INC. (“Guarantor”)

 

Re: Orbital Gas Systems Limited (“Borrower”)

 

1. GUARANTY; DEFINITIONS. In

 consideration of any credit or other financial

 accommodation heretofore, now or hereafter extended

 or made to a Borrower, or any of them, by Bank, and

 for other valuable consideration, the undersigned

 Guarantor, jointly and severally unconditionally

 guarantees and promises to pay to Bank, or order, on

 demand and in immediately available funds, any and

 all Indebtedness of any of the Borrowers to Bank. The

 term "Indebtedness" is used herein in its most

 comprehensive sense and includes any and all

 advances, debts, obligations and liabilities of

 Borrowers, or any of them, heretofore, now or hereafter

 made, incurred or created, whether voluntary or

 involuntary and however arising, whether due or not

 due, absolute or contingent, liquidated or unliquidated,

 determined or undetermined, including under any

 swap, derivative, foreign exchange, hedge, deposit,

 treasury management or other similar transaction or

 arrangement, and whether any of the Borrowers may

 be liable individually or jointly with others, or whether

 recovery upon such Indebtedness may be or hereafter

 becomes unenforceable. This Guaranty is a guaranty

 of payment and not collection. 

 

2. SUCCESSIVE TRANSACTIONS;

 REVOCATION; OBLIGATION UNDER OTHER

 GUARANTIES. This is a continuing guaranty and all

 rights, powers and remedies hereunder shall apply to

 all past, present and future Indebtedness of each of the

 Borrowers to Bank, including that arising under

 successive transactions which shall either continue the

 Indebtedness, increase or decrease it, or from time to

 time create new Indebtedness after all or any prior

 Indebtedness has been satisfied, and notwithstanding

 the death, incapacity, dissolution, liquidation or

 bankruptcy of any of the Borrowers or Guarantor or any

 other event or proceeding affecting any of the

 Borrowers or Guarantor. This Guaranty shall not apply

 to any new Indebtedness created after actual receipt

 by Bank of written notice of its revocation as to such

 new Indebtedness; provided however, that loans or

 advances made by Bank to any of the Borrowers after

 revocation under commitments existing prior to receipt

 by Bank of such revocation, and extensions, renewals

 or modifications, of any kind, of Indebtedness incurred

 by any of the Borrowers or committed by Bank prior to

 receipt by Bank of such revocation, shall not be

 considered new Indebtedness. Any such notice must

 be sent to Bank by registered mail, postage prepaid,

 addressed to its office at One Plantation Place, 30

 Fenchurch Street, London, EC3M 3BD, or at such

 other address as Bank shall from time to time

 designate. The obligations of Guarantor hereunder

 shall be in addition to any obligations of Guarantor

 under any other guaranties of any liabilities or

 obligations of any of the Borrowers or any other

 persons heretofore or hereafter given to Bank unless

 said other guaranties are expressly modified or

 revoked in writing; and this Guaranty shall not, unless

 expressly herein provided, affect or invalidate any such

 other guaranties. 

 

3. OBLIGATIONS JOINT AND

 SEVERAL; SEPARATE ACTIONS; WAIVER OF

 STATUTE OF LIMITATIONS; REINSTATEMENT OF

 LIABILITY. The obligations hereunder are joint and

 several and independent of the obligations of

 Borrowers, and a separate action or actions may be

 brought and prosecuted against Guarantor whether

 action is brought against any of the Borrowers or any

 other person, or whether any of the Borrowers or any

 other person is joined in any such action or actions.

 Guarantor acknowledges that this Guaranty is absolute

 and unconditional, there are no conditions precedent to

 the effectiveness of this Guaranty, and this Guaranty is

 in full force and effect and is binding on Guarantor as

 of the date written below, regardless of whether Bank

 obtains collateral or any guaranties from others or

 takes any other action contemplated by Guarantor.

 Guarantor waives the benefit of any statute of

 limitations affecting Guarantor's liability hereunder or

 the enforcement thereof, and Guarantor agrees that

 any payment of any Indebtedness or other act which

 shall toll any statute of limitations applicable thereto

 shall similarly operate to toll such statute of limitations

 applicable to Guarantor's liability hereunder. The

 liability of Guarantor hereunder shall be reinstated and

 revived and the rights of Bank shall continue if and to

 the extent for any reason any amount at any time paid

 on account of any Indebtedness guaranteed hereby is

 rescinded or must otherwise be restored by Bank,

 whether as a result of any proceedings in bankruptcy

 or reorganization or otherwise, all as though such

 amount had not been paid. The determination as to

 whether any amount so paid must be rescinded or

 restored shall be made by Bank in its sole discretion;

 provided however, that if Bank chooses to contest any

 such matter at the request of Guarantor, Guarantor

 agrees to indemnify and hold Bank harmless from and

 against all costs and expenses, including reasonable

 attorneys' fees, expended or incurred by Bank in

 connection therewith, including without limitation, in

 any litigation with respect thereto. 

 

    -1-

     

    

4. AUTHORIZATIONS TO BANK.

 Guarantor authorizes Bank either before or after

 revocation hereof, without notice to or demand on

 Guarantor, and without affecting Guarantor's liability

 hereunder, from time to time to: (a) alter, compromise,

 renew, extend, accelerate or otherwise change the

 time for payment of, or otherwise change the terms of

 the Indebtedness or any portion thereof, including

 increase or decrease of the rate of interest thereon; (b)

 take and hold security for the payment of this Guaranty

 or the Indebtedness or any portion thereof, and

 exchange, enforce, waive, subordinate or release any

 such security; (c) apply such security and direct the

 order or manner of sale thereof, including without

 limitation, a non-judicial sale permitted by the terms of

 the controlling security agreement, mortgage or deed

 of trust, as Bank in its discretion may determine; (d)

 release or substitute any one or more of the endorsers

 or any other guarantors of the Indebtedness, or any

 portion thereof, or any other party thereto; and (e)

 apply payments received by Bank from any of the

 Borrowers to any Indebtedness of any of the Borrowers

 to Bank, in such order as Bank shall determine in its

 sole discretion, whether or not such Indebtedness is

 covered by this Guaranty, and Guarantor hereby

 waives any provision of law regarding application of

 payments which specifies otherwise. Bank may

 without notice assign this Guaranty in whole or in part.

 Upon Bank's request, Guarantor agrees to provide to

 Bank copies of Guarantor's financial statements.

 

5. REPRESENTATIONS AND

 WARRANTIES. Guarantor represents and warrants to

 Bank that: (a) this Guaranty is executed at Borrowers'

 request; (b) Guarantor shall not, without Bank's prior

 written consent, sell, lease, assign, encumber,

 hypothecate, transfer or otherwise dispose of all or a

 substantial or material part of Guarantor's assets other

 than in the ordinary course of Guarantor's business; (c)

 Bank has made no representation to Guarantor as to

 the creditworthiness of any of the Borrowers; and (d)

 Guarantor has established adequate means of

 obtaining from each of the Borrowers on a continuing

 basis financial and other information pertaining to

 Borrowers' financial condition. Guarantor agrees to

 keep adequately informed from such means of any

 facts, events or circumstances which might in any way

 affect Guarantor's risks hereunder, and Guarantor

 further agrees that Bank shall have no obligation to

 disclose to Guarantor any information or material about

 any of the Borrowers which is acquired by Bank in any manner. 

 

6. GUARANTOR'S WAIVERS.

 

(a) Guarantor waives any right to

 require Bank to: (i) proceed against any of the

 Borrowers or any other person; (ii) marshal assets or

 proceed against or exhaust any security held from any

 of the Borrowers or any other person; (iii) give notice of

 the terms, time and place of any public or private sale

 or other disposition of personal property security held

 from any of the Borrowers or any other person; (iv) take

 any other action or pursue any other remedy in Bank's

 power; or (v) make any presentment or demand for

 performance, or give any notice of nonperformance,

 protest, notice of protest or notice of dishonor

 hereunder or in connection with any obligations or

 evidences of indebtedness held by Bank as security for

 or which constitute in whole or in part the Indebtedness

 guaranteed hereunder, or in connection with the

 creation of new or additional Indebtedness. 

 

(b) Guarantor waives any defense to its

 obligations hereunder based upon or arising by reason

 of: (i) any disability or other defense of any of the

 Borrowers or any other person; (ii) the cessation or

 limitation from any cause whatsoever, other than

 payment in full, of the Indebtedness of any of the

 Borrowers or any other person; (iii) any lack of authority

 of any officer, director, partner, agent or any other

 person acting or purporting to act on behalf of any of

 the Borrowers which is a corporation, partnership or

 other type of entity, or any defect in the formation of

 any such Borrower; (iv) the application by any of the

 Borrowers of the proceeds of any Indebtedness for

 purposes other than the purposes represented by

 Borrowers to, or intended or understood by, Bank or

 Guarantor; (v) any act or omission by Bank which

 directly or indirectly results in or aids the discharge of

 any of the Borrowers or any portion of the

 Indebtedness by operation of law or otherwise, or

 which in any way impairs or suspends any rights or

 remedies of Bank against any of the Borrowers; (vi)

 any impairment of the value of any interest in any

 security for the Indebtedness or any portion thereof,

    -2-

     

    

including without limitation, the failure to obtain or

 maintain perfection or recordation of any interest in any

 such security, the release of any such security without

 substitution, and/or the failure to preserve the value of,

 or to comply with applicable law in disposing of, any

 such security; (vii) any modification of the

 Indebtedness, in any form whatsoever, including any

 modification made after revocation hereof to any

 Indebtedness incurred prior to such revocation, and

 including without limitation the renewal, extension,

 acceleration or other change in time for payment of, or

 other change in the terms of, the Indebtedness or any

 portion thereof, including increase or decrease of the

 rate of interest thereon; or (viii) any requirement that

 Bank give any notice of acceptance of this Guaranty.

 Until all Indebtedness shall have been paid in full,

 Guarantor shall have no right of subrogation, and

 Guarantor waives any right to enforce any remedy

 which Bank now has or may hereafter have against any

 of the Borrowers or any other person, and waives any

 benefit of, or any right to participate in, any security

 now or hereafter held by Bank. Guarantor further

 waives all rights and defenses Guarantor may have

 arising out of (A) any election of remedies by Bank,

 even though that election of remedies, such as a nonjudicial

 foreclosure with respect to any security for any

 portion of the Indebtedness, destroys Guarantor's

 rights of subrogation or Guarantor's rights to proceed

 against any of the Borrowers for reimbursement, or

 (B) any loss of rights Guarantor may suffer by reason

 of any rights, powers or remedies of any of the

 Borrowers in connection with any anti-deficiency laws

 or any other laws limiting, qualifying or discharging

 Borrowers' Indebtedness, whether by operation of law,

 or otherwise, including any rights Guarantor may have

 to a fair market value hearing to determine the size of

 a deficiency following any foreclosure sale or other

 disposition of any real property security for any portion

 of the Indebtedness. 

 

7. BANK'S RIGHTS WITH RESPECT

 TO GUARANTOR'S PROPERTY IN BANK'S

 POSSESSION. In addition to all liens upon and rights

 of setoff against the monies, securities or other

 property of Guarantor given to Bank by law, Bank shall

 have a lien upon and a right of setoff against all monies,

 securities and other property of Guarantor now or

 hereafter in the possession of or on deposit with Bank,

 whether held in a general or special account or deposit

 or for safekeeping or otherwise, and every such lien

 and right of setoff may be exercised without demand

 upon or notice to Guarantor. No lien or right of setoff

 shall be deemed to have been waived by any act or

 conduct on the part of Bank, or by any neglect to

 exercise such right of setoff or to enforce such lien, or

 by any delay in so doing, and every right of setoff and

 lien shall continue in full force and effect until such right

 of setoff or lien is specifically waived or released by

 Bank in writing. 

 

8. SUBORDINATION. Any

 Indebtedness of any of the Borrowers now or hereafter

 held by Guarantor is hereby subordinated to the

 Indebtedness of Borrowers to Bank. Such

 Indebtedness of Borrowers to Guarantor is assigned to

 Bank as security for this Guaranty and the

 Indebtedness and, if Bank requests, shall be collected

 and received by Guarantor as trustee for Bank and

 paid over to Bank on account of the Indebtedness of

 Borrowers to Bank but without reducing or affecting in

 any manner the liability of Guarantor under the other

 provisions of this Guaranty. Any notes or other

 instruments now or hereafter evidencing such

 Indebtedness of any of the Borrowers to Guarantor

 shall be marked with a legend that the same are

 subject to this Guaranty and, if Bank so requests, shall

 be delivered to Bank. Bank is hereby authorized in the

 name of Guarantor from time to time to file financing

 statements and continuation statements and execute

 such other documents and take such other action as

 Bank deems necessary or appropriate to perfect,

 preserve and enforce its rights hereunder. 

 

9. REMEDIES; NO WAIVER. All

 rights, powers and remedies of Bank hereunder are

 cumulative. No delay, failure or discontinuance of

 Bank in exercising any right, power or remedy

 hereunder shall affect or operate as a waiver of such

 right, power or remedy; nor shall any single or partial

 exercise of any such right, power or remedy preclude,

 waive or otherwise affect any other or further exercise

 thereof or the exercise of any other right, power or

 remedy. Any waiver, permit, consent or approval of

 any kind by Bank of any breach of this Guaranty, or any

 such waiver of any provisions or conditions hereof,

 must be in writing and shall be effective only to the

 extent set forth in writing. 

 

10. COSTS, EXPENSES AND

 ATTORNEYS' FEES. Guarantor shall pay to Bank

 immediately upon demand the full amount of all

 payments, advances, charges, costs and expenses,

 including reasonable attorneys' fees (to include outside

 counsel fees and all allocated costs of Bank's in-house

 counsel), expended or incurred by Bank in connection

 with the enforcement of any of Bank's rights, powers or

 -4-

 remedies and/or the collection of any amounts which

 become due to Bank under this Guaranty, and the

 prosecution or defense of any action in any way related

 to this Guaranty, whether incurred at the trial or

 appellate level, in an arbitration proceeding or

 otherwise, and including any of the foregoing incurred

 in connection with any bankruptcy proceeding

 (including without limitation, any adversary proceeding,

 contested matter or motion brought by Bank or any

 other person) relating to Guarantor or any other person

 or entity. All of the foregoing shall be paid by Guarantor

 with interest from the date of demand until paid in full

 at a rate per annum equal to the greater of ten percent

 (10%) or Bank’s Prime Rate in effect from time to time. 

 

    -3-

     

    

11. SUCCESSORS; ASSIGNMENT.

 This Guaranty shall be binding upon and inure to the

 benefit of the heirs, executors, administrators, legal

 representatives, successors and assigns of the parties;

 provided however, that Guarantor may not assign or

 transfer any of its interests or rights hereunder without

 Bank's prior written consent. Guarantor acknowledges

 that Bank has the right to sell, assign, transfer,

 negotiate or grant participations in all or any part of, or

 any interest in, any Indebtedness of Borrowers to Bank

 and any obligations with respect thereto, including this

 Guaranty. In connection therewith, Bank may disclose

 all documents and information which Bank now has or

 hereafter acquires relating to Guarantor and/or this

 Guaranty, whether furnished by Borrowers, Guarantor

 or otherwise. Guarantor further agrees that Bank may

 disclose such documents and information to Borrowers.

 

12. AMENDMENT. This Guaranty may

 be amended or modified only in writing signed by Bank

 and Guarantor.

 

 

13. APPLICATION OF SINGULAR

 AND PLURAL. In all cases where there is but a single

 Borrower, then all words used herein in the plural shall

 be deemed to have been used in the singular where

 the context and construction so require; and when

 there is more than one Borrower named herein, or

 when this Guaranty is executed by more than one

 Guarantor, the word "Borrowers" and the word

 "Guarantor" respectively shall mean all or any one
or

 more of them as the context requires. 

 

14. UNDERSTANDING WITH

 RESPECT TO WAIVERS; SEVERABILITY OF

 PROVISIONS. Guarantor warrants and agrees that

 each of the waivers set forth herein is made with

 Guarantor's full knowledge of its significance and

 consequences, and that under the circumstances, the

 waivers are reasonable and not contrary to public

 policy or law. If any waiver or other provision of this

 Guaranty shall be held to be prohibited by or invalid

 under applicable public policy or law, such waiver or

 other provision shall be ineffective only to the extent of

 such prohibition or invalidity, without invalidating the

 remainder of such waiver or other provision or any

 remaining provisions of this Guaranty. 

 

15. CURRENCY: All guaranteed

 amounts payable by the Guarantor under this Deed

 shall be paid in full to the Bank in the currency in which

 the respective Indebtedness is payable and any

 payment in respect of costs, expenses or taxes shall

 be made in the currency in which the costs, expenses

 or taxes are incurred. 

 

16. GOVERNING LAW. This Guaranty shall be

 governed by and construed in accordance with the

 laws of the State of New York. 

 

17. ARBITRATION.

 

(a) Arbitration.
The parties hereto agree, upon demand by any party, to submit to binding arbitration all claims, disputes and controversies between
or among them (and their respective employees, officers, directors, attorneys, and other agents), whether in tort, contract or
otherwise, in any way arising out of or relating to this Guaranty and its negotiation, execution, collateralization, administration,
repayment, modification, extension, substitution, formation, inducement, enforcement, default or termination. In the event of
a court ordered arbitration, the party requesting arbitration shall be responsible for timely filing the demand for arbitration
and paying the appropriate filing fee within 30 days of the abatement order or the time specified by the court. Failure to timely
file the demand for arbitration as ordered by the court will result in that party’s right to demand arbitration being automatically
terminated.

 

(b) Governing
Rules. Any arbitration proceeding will (i) proceed in a location in New York selected by the American Arbitration Association
(“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any
conflicting choice of law provision in any of the documents between the parties; and (iii) be conducted by the AAA, or such other
administrator as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute resolution procedures,
unless the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which
case the arbitration shall be conducted in accordance with the AAA’s optional procedures for large, complex commercial disputes
(the commercial dispute resolution procedures or the optional procedures for large, complex commercial disputes to be referred
to herein, as applicable, as the “Rules”). If there is any inconsistency between the terms hereof and the Rules, the
terms and procedures set forth herein shall control. Any party who fails or refuses to submit to arbitration following a demand
by any other party shall bear all costs and expenses incurred by such other party in compelling arbitration of any dispute. Nothing
contained herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C.
§91 or any similar applicable state law.

 

    -4-

     

    

(c) No Waiver
of Provisional Remedies, Self-Help and Foreclosure. The arbitration requirement does not limit the right of any party to (i)
foreclose against real or personal property collateral; (ii) exercise self-help remedies relating to collateral or proceeds of
collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as replevin, injunctive relief,
attachment or the appointment of a receiver, before during or after the pendency of any arbitration proceeding. This exclusion
does not constitute a waiver of the right or obligation of any party to submit any dispute to arbitration or reference hereunder,
including those arising from the exercise of the actions detailed in sections (i), (ii) and (iii) of this paragraph.

 

(d) Arbitrator
Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is $5,000,000.00 or less will be
decided by a single arbitrator selected according to the Rules, and who shall not render an award of greater than $5,000,000.00.
Any dispute in which the amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators;
provided however, that all three arbitrators must actively participate in all hearings and deliberations. The arbitrator will
be a neutral attorney licensed in the State of New York or a neutral retired judge of the state or federal judiciary of New York,
in either case with a minimum of ten years experience in the substantive law applicable to the subject matter of the dispute to
be arbitrated. The arbitrator will determine whether or not an issue is arbitratable and will give effect to the statutes of limitation
in determining any claim. In any arbitration proceeding the arbitrator will decide (by documents only or with a hearing at the
arbitrator's discretion) any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or motions
for summary adjudication. The arbitrator shall resolve all disputes in accordance with the substantive law of New York and may
grant any remedy or relief that a court of such state could order or grant within the scope hereof and such ancillary relief as
is necessary to make effective any award. The arbitrator shall also have the power to award recovery of all costs and fees, to
impose sanctions and to take such other action as the arbitrator deems necessary to the same extent a judge could pursuant to
the Federal Rules of Civil Procedure, the New York Civil Practice Law and Rules or other applicable law. Judgment upon the award
rendered by the arbitrator may be entered in any court having jurisdiction. The institution and maintenance of an action for judicial
relief or pursuit of a provisional or ancillary remedy shall not constitute a waiver of the right of any party, including the
plaintiff, to submit the controversy or claim to arbitration if any other party contests such action for judicial relief.

 

(e) Discovery.
In any arbitration proceeding, discovery will be permitted in accordance with the Rules. All discovery shall be expressly limited
to matters directly relevant to the dispute being arbitrated and must be completed no later than 20 days before the hearing date.
Any requests for an extension of the discovery periods, or any discovery disputes, will be subject to final determination by the
arbitrator upon a showing that the request for discovery is essential for the party's presentation and that no alternative means
for obtaining information is available.

 

(f) Class Proceedings
and Consolidations. No party hereto shall be entitled to join or consolidate disputes by or against others in any arbitration,
except parties who have executed this Guaranty or any other contract, instrument or document relating to any Indebtedness, or
to include in any arbitration any dispute as a representative or member of a class, or to act in any arbitration in the interest
of the general public or in a private attorney general capacity.

 

(g) Payment Of
Arbitration Costs And Fees. The arbitrator shall award all costs and expenses of the arbitration proceeding.

 

    -5-

     

    

(h) Miscellaneous.
To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action required to conclude any arbitration
proceeding within 180 days of the filing of the dispute with the AAA. No arbitrator or other party to an arbitration proceeding
may disclose the existence, content or results thereof, except for disclosures of information by a party required in the ordinary
course of its business or by applicable law or regulation. If more than one agreement for arbitration by or between the parties
potentially applies to a dispute, the arbitration provision most directly related to the documents between the parties or the
subject matter of the dispute shall control. This arbitration provision shall survive termination, amendment or expiration of
any of the documents or any relationship between the parties.

 

(i) Small Claims
Court. Notwithstanding anything herein to the contrary, each party retains the right to pursue in Small Claims Court any dispute
within that court’s jurisdiction. Further, this arbitration provision shall apply only to disputes in which either party
seeks to recover an amount of money (excluding attorneys’ fees and costs) that exceeds the jurisdictional limit of the Small
Claims Court.

 

IN WITNESS WHEREOF, the undersigned Guarantor

 has executed this Guaranty as of

 

Guarantor

_____________________________________

Authorized signatory

 

Name:

 

Witness

______________________________________

Witness signature

 

Name:

 

    -6-

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