Document:

EXHIBIT
10.5

 

ALPHA
STAR ACQUISITION CORPORATION

FORM
OF PRIVATE PLACEMENT UNIT SUBSCRIPTION AGREEMENT

 

This
UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of this 13th day of December 2021, by
and between Alpha Star Acquisition Corporation, a Cayman Islands exempted company (the “Company”), having its
principal place of business at 80 Broad Street, 5th Floor, New York, New York 10004 and A-Star Management Corp., a British
Virgin Islands company (the “Purchaser”).

 

WHEREAS,
the Company desires to sell on a private placement basis (the “Offering”) an aggregate of up to 300,000 units
(the “Initial Units”) of the Company, and up to an additional 30,000 Units (“Additional Units”
and together with the Initial Units, the “Units”) of the Company in the event that the underwriters’
45-day over-allotment option (“Over-Allotment Option”) in the Offering is exercised in full or part, each Unit
comprised of one ordinary share of the Company, par value $0.001 per share (the “Ordinary Shares”), one warrant
to purchase one-half ordinary share (each whole warrant, a “Warrant”), and one right (the “Right”),
for a purchase price of $10.00 per Unit. Each whole Warrant entitles the holder thereof to purchase one-half ordinary share (the “Warrant
Shares”) to be governed by the Warrant Agreement (defined herein). Each Right entitles the holder thereof to receive one-tenth
(1/10) of one Ordinary Share (the “Right Shares”) to be governed by the Rights Agreement (defined herein).

 

WHEREAS,
the Purchaser desires to purchase the 300,000 Initial Units and up to 30,000 Additional Units and the Company wishes to accept such subscription.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants hereinafter set forth and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:

 

1.
Agreement to Subscribe

 

1.1.
Purchase and Issuance of the Units. For the aggregate sum of $3,000,000 (the “Initial Purchase Price”),
upon the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees to purchase from the Company, and the Company
hereby agrees to sell to the Purchaser, on the Closing Date (as defined in Section 1.2) 300,000 Initial Units at $10.00 per Initial Unit.

 

In
addition to the foregoing, the Purchaser hereby agrees to purchase up to an additional 30,000 Additional Units at $10.00 per Additional
Unit for a purchase price of up to $300,000 (the “Additional Purchase Price” and together with the Initial
Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in
the event that the Over-Allotment Option is exercised in full or part. The total number of Additional Units to be purchased hereunder
shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall
occur simultaneously with the consummation of any portion of the Over-Allotment Option.

 

1.2.
Closing. The closing of the purchase and sale of the Initial Units shall take place at the offices of Becker & Poliakoff,
LLP, 45 Broadway, 17th Floor New York, New York, 10006 simultaneously with the consummation of the Company’s initial
public offering (“IPO”) of 10,000,000 units (or 1,150,000 units if the underwriter’s over-allotment is
exercised in full) consisting of Ordinary Shares, Warrants and Rights and the purchase and sale of the Additional Units shall take place
upon the consummation of the exercise of all or any portion of the Over-Allotment Option (each a “Closing Date”).

 

1.3.
Delivery of the Purchase Price. At least one business day prior to the effective date of the Company’s registration statement
relating to the IPO as filed with the Securities and Exchange Commission (SEC File No. 333-257521) (“Registration Statement”),
or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional
Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States
Dollars to VStock Transfer LLC, the Company’s transfer agent, which is hereby irrevocably authorized to deposit such funds on the
applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed
pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and Wilmington Trust Company
and VStock Transfer LLC and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”).
If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to VStock Transfer LLC, the Initial
Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated
in United States Dollars, without interest or deduction.

 

     

     

    

 

1.4.
Delivery of Unit Certificate. Upon the applicable Closing Date after delivery of the Purchase Price in accordance with Section
1.3, the Purchaser shall become irrevocably entitled to receive a unit certificate representing the Units purchased hereunder.

 

2.
Representations and Warranties of the Purchaser

 

The
Purchaser represents and warrants to the Company that:

 

2.1.
No Government Recommendation or Approval. It understands that no United States federal or state agency or similar agency of any
other country has passed upon or made any recommendation or endorsement of the Company, the Offering, the Units, the Warrants, the Warrant
Shares, the Rights, the Right Shares or the Ordinary Shares underlying the Units (excluding the Warrant Shares and the Right Shares,
the “Unit Shares” and, collectively with the Units, the Warrant Shares and the Right Shares, the “Securities”).

 

2.2.
Organization. It is an exempted company, validly existing and in good standing under the laws of the Cayman Islands and possesses
all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

2.3.
Private Offering. It is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D under the
Securities Act of 1933, as amended (the “Securities Act”) or it is not a “U.S. Person” as defined
in Rule 902 of Regulation S (“Regulation S”) under the Securities Act. It acknowledges that the sale contemplated
hereby is being made in reliance on a private placement exemption to “Accredited Investors” within the meaning of Section
501(a) of Regulation D under the Securities Act and similar exemptions under state law or a non-U.S. Person under Regulation S.

 

2.4.
Authority. This Agreement has been validly authorized, executed and delivered by the Purchaser and is a valid and binding agreement
enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent
conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity
(regardless of whether enforcement is sought in a proceeding at law or in equity).

 

2.5.
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Purchaser of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the Purchaser’s organizational documents, (ii)
any agreement, indenture or instrument to which the Purchaser is a party or (iii) any law, statute, rule or regulation to which the Purchaser
is subject, or any agreement, order, judgment or decree to which the Purchaser is subject.

 

2.6.
No Legal Advice from Company. It acknowledges it has had the opportunity to review this Agreement and the transactions contemplated
by this Agreement and the other agreements entered into between the parties hereto with its own legal counsel and investment and tax
advisors. Except for any statements or representations of the Company made in this Agreement and the other agreements entered into between
the parties hereto, it is relying solely on such counsel and advisors and not on any statements or representations of the Company or
any of its representatives or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated
by this Agreement or the securities laws of any jurisdiction. Purchaser understands and acknowledges that the law firm of Becker &
Poliakoff LLP is not acting as counsel or providing legal advice to Purchaser.

 

    2

     

    

 

2.7.
Access to Information; Independent Investigation. Prior to the execution of this Agreement, it has had the opportunity to ask
questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances,
operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all
information so obtained. In determining whether to make this investment, it has relied solely on its own knowledge and understanding
of the Company and its business based upon its own due diligence investigation and the information furnished pursuant to this paragraph.
It understands that no person has been authorized to give any information or to make any representations which were not furnished pursuant
to this Section 2 and it has not relied on any other representations or information in making its investment decision, whether written
or oral, relating to the Company, its operations and/or its prospects.

 

2.8.
Reliance on Representations and Warranties. It understands the Units are being offered and sold to it in reliance on exemptions
from the registration requirements under the Securities Act, and analogous provisions in the laws and regulations of various states,
and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings
of the Purchaser set forth in this Agreement in order to determine the applicability of such provisions.

 

2.9.
No Advertisements. It is not subscribing for the Units as a result of or subsequent to any advertisement, article, notice or other
communication published in any newspaper, magazine, or similar media or broadcast over television or radio, or presented at any seminar
or meeting.

 

2.10.
Legend. It acknowledges and agrees the certificates evidencing the Units, the Shares, the Warrants and the Rights shall bear a
restrictive legend (the “Legend”), in form and substance as set forth in Section 4 hereof, prohibiting the
offer, sale, pledge or transfer of the securities, except (i) pursuant to an effective registration statement covering these securities
under the Securities Act or (ii) pursuant to any other exemptions from the registration requirements under the Securities Act and such
laws which, in the opinion of counsel for the Company, is available.

 

2.11.
Experience, Financial Capability and Suitability. It is (i) sophisticated in financial matters and is able to evaluate the risks
and benefits of the investment in the Securities and (ii) able to bear the economic risk of his investment in the Securities for an indefinite
period of time because the Securities have not been registered under the Securities Act and therefore cannot be sold unless subsequently
registered under the Securities Act or an exemption from such registration is available. It has substantial experience in evaluating
and investing in transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks
of its investment in the Company and has the capacity to protect its own interests. It has substantial experience in evaluating and investing
in transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment
in the Company and has the capacity to protect its own interests.

 

2.12.
Investment Purposes. It is purchasing the Securities solely for investment purposes, for its own account and not for the account
or benefit of any other person, and not with a view towards the distribution or dissemination thereof and it has no present arrangement
to sell the interest in the Securities to or through any person or entity.

 

2.13.
Restrictions on Transfer. It acknowledges and understands the Units are being offered in a transaction not involving a public
offering in the United States within the meaning of the Securities Act. The Securities have not been registered under the Securities
Act, and, if in the future, it decides to offer, resell, pledge or otherwise transfer the Securities, such Securities may be offered,
resold, pledged or otherwise transferred only (A) pursuant to an effective registration statement filed under the Securities Act, (B)
pursuant to an exemption from registration under Rule 144 promulgated under the Securities Act (“Rule 144”),
if available, or (C) pursuant to any other available exemption from the registration requirements of the Securities Act, and in each
case in accordance with any applicable securities laws of any state or any other jurisdiction. It agrees that if any transfer of its
Securities or any interest therein is proposed to be made, as a condition precedent to any such transfer, it may be required to deliver
to the Company an opinion of counsel satisfactory to the Company. Absent registration or another available exemption from registration,
it agrees it will not resell the Securities. It further acknowledges that because the Company is a shell company, Rule 144 may not be
available to it for the resale of the Securities until the one year anniversary following consummation of the initial Business Combination
(defined below) of the Company, despite technical compliance with the requirements of Rule 144 and the release or waiver of any contractual
transfer restrictions. In addition to the foregoing, the Purchaser acknowledges and agrees that it will be executing an insider letter
and lockup agreement with the Company and Ladenburg Thalmann & Co Inc. as underwriters’ representative, further restricting
the Purchaser’s ability and rights to transfer any Securities. 

 

    3

     

    

 

3.
Representations and Warranties of the Company

 

The
Company represents and warrants to the Purchaser that:

 

3.1.
Valid Issuance of Share Capital. The total number of all classes of share capital which the Company has authority to issue is
50,000,000 Ordinary Shares. As of the date hereof, the Company has issued 2,875,000 ordinary shares (of which up to 375,000 ordinary
shares are subject to forfeiture as described in the Registration Statement related to the IPO) and has not issued any preference shares.
All of the issued share capital of the Company has been duly authorized, validly issued, and are fully paid and non-assessable.

 

3.2.
Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the warrant agreement to be
entered into with VStock Transfer LLC on or prior to the closing of the IPO (“Warrant Agreement”), the rights
agreement to be entered into with VStock Transfer LLC on or prior to the closing of the IPO (the “Rights Agreement”)
and the Amended and Restated Memorandum and Articles of Association of the Company, as the case may be, each of the Warrants, Rights
and the Ordinary Shares will be duly and validly issued, fully paid and non-assessable. On the date of issuance of the Units, the Warrant
Shares and the Right Shares shall have been reserved for issuance. Upon issuance in accordance with the terms hereof, the Warrant Agreement
and the Amended and Restated Memorandum and Articles of Association of the Company, the Purchaser will have or receive good title to
the Warrant Shares, free and clear of all liens, claims and encumbrances of any kind, and upon issuance in accordance with the terms
hereof, the Rights Agreement and the Amended and Restated Memorandum and Articles of Association of the Company, the Purchaser will have
or receive good title to the Right Shares, free and clear of all liens, claims and encumbrances of any kind other than (i) transfer restrictions
hereunder and pursuant to the insider letter to be entered into on or prior to the closing of the IPO (the “Insider Letter”)
and (ii) transfer restrictions under federal and state securities laws.

 

3.3.
Organization and Qualification. The Company has been duly incorporated and is validly existing as a Cayman Islands exempted company
and has the requisite corporate power to own its properties and assets and to carry on its business as now being conducted.

 

3.4.
Authorization; Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations
under this Agreement and to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery and performance of
this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary
corporate action and no further consent or authorization of the Company or its Board of Directors or shareholders is required, and (iii)
this Agreement constitutes, and upon the execution and delivery thereof, the Warrants and Warrant Agreement, and the Rights and Rights
Agreement, will constitute, valid and binding obligations of the Company enforceable against the Company in accordance with their respective
terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization,
or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles
of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities
laws or principles of public policy.

 

3.5.
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not (i) result in a violation of the Company’s Memorandum and Articles of Association, (ii) conflict with,
or constitute a default under any agreement, indenture or instrument to which the Company is a party or (iii) conflict with any law statute,
rule or regulation to which the Company is subject or any agreement, order, judgment or decree to which the Company is subject. Other
than any federal, state or foreign securities filings which may be required to be made by the Company subsequent to the Closing, and
any registration statement which may be filed pursuant thereto, the Company is not required under federal, state or local law, rule or
regulation to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency
or self-regulatory entity in order for it to perform any of its obligations under this Agreement or issue the Units, the Warrants, the
Rights, or the Ordinary Shares underlying the Units, Warrants or Rights in accordance with the terms hereof. 

 

    4

     

    

 

4.
Legends

 

4.1.
Legend. The Company will issue the Units, the Warrants, the Rights and the Unit Shares, and when issued, the Warrant Shares and
the Right Shares, purchased by the Purchaser, in the name of the Purchaser. The Securities will bear the following Legend and appropriate
“stop transfer” instructions:

 

THESE
SECURITIES (i) HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
FILED UNDER THE SECURITIES ACT, (B) TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION
S UNDER THE SECURITIES ACT, (C) PURSUANT TO THE RESALE LIMITATIONS SET FORTH IN RULE 905 OF REGULATION S UNDER THE SECURITIES ACT, (D)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (E) PURSUANT TO ANY OTHER
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF
ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE SECURITIES ACT.

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN AGREEMENT BETWEEN ALPHA STAR ACQUISITION CORPORATION AND A-STAR MANAGEMENT
CORP. AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP PURSUANT TO THE TERMS SET
FORTH THEREIN.”

 

4.2.
Purchaser’s Compliance. Nothing in this Section 4 shall affect in any way the Purchaser’s obligations and agreements
to comply with all applicable securities laws upon resale of the Securities.

 

4.3.
Company’s Refusal to Register Transfer of the Securities. The Company shall refuse to register any transfer of the Securities,
if in the sole judgment of the Company such purported transfer would not be made (i) pursuant to an effective registration statement
filed under the Securities Act, or (ii) pursuant to an available exemption from the registration requirements of the Securities Act.

 

4.4.
Registration Rights. The Purchaser will be entitled to certain registration rights which will be governed by a registration rights
agreement (“Registration Rights Agreement”) to be entered into with the Company on or prior to the closing
of the IPO.

 

5.
Lockup

 

The
Purchaser acknowledges and agrees that the Units, the Warrants, the Rights, the Unit Shares, the Warrant Shares and the Right Shares
shall not be transferable, saleable or assignable until thirty (30) days after the consummation of an acquisition, share exchange, purchase
of all or substantially all of the assets of, or any other similar business combination with one or more businesses or entities (a “Business
Combination”), except to permitted transferees (as defined in the Insider Letter).

 

6.
Securities Laws Restrictions

 

The
Purchaser agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Securities unless, prior thereto
(a) a registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect to the
Securities proposed to be transferred shall then be effective or (b) the Company shall have received an opinion from counsel reasonably
satisfactory to the Company, that such registration is not required because such transaction complies with the Securities Act and the
rules promulgated by the Securities and Exchange Commission thereunder and with all applicable state securities laws.

 

    5

     

    

 

7.
Waiver of Distributions from Trust Account

 

In
connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or
claim of any kind in or to any distributions from the Trust Account.

 

8.
Rescission Right Waiver and Indemnification

 

8.1.
Rescission Waiver. The Purchaser understands and acknowledges that an exemption from the registration requirements of the Securities
Act requires there be no general solicitation of purchasers of the Units. In this regard, if the Offering were deemed to be a general
solicitation with respect to the Units, the offer and sale of such Units may not be exempt from registration and, if not, the Purchaser
may have a right to rescind its purchase of the Units. In order to facilitate the completion of the Offering and in order to protect
the Company, its shareholders and the Trust Account from claims that may adversely affect the Company or the interests of its shareholders,
the Purchaser hereby agrees to waive, to the maximum extent permitted by applicable law, any claims, right to sue or rights in law or
arbitration, as the case may be, to seek rescission of its purchase of the Units as a result of the issuance of the Units being deemed
to be in violation of Section 5 of the Securities Act. The Purchaser acknowledges and agrees this waiver is being made in order to induce
the Company to sell the Units to the Purchaser. The Purchaser agrees the foregoing waiver of rescission rights shall apply to any and
all known or unknown actions, causes of action, suits, claims or proceedings (collectively, “Claims”) and related
losses, costs, penalties, fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses in connection
therewith, including reasonable attorneys’ and expert witness fees and disbursements and all other expenses reasonably incurred
in investigating, preparing or defending against any Claims, whether pending or threatened, in connection with any present or future
actual or asserted right to rescind the purchase of the Units hereunder or relating to the purchase of the Units and the transactions
contemplated hereby.

 

8.2.
No Recourse Against Trust Account. The Purchaser agrees not to seek recourse against the Trust Account for any reason whatsoever
in connection with its purchase of the Units or any Claim that may arise now or in the future.

 

8.3.
Section 8 Waiver. The Purchaser agrees that to the extent any waiver of rights under this Section 8 is ineffective as a matter
of law, the Purchaser has offered such waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification
or bar that applies to a legal right. The Purchaser acknowledges the receipt and sufficiency of consideration received from the Company
hereunder in this regard.

 

9.
 Terms of the Unit

 

The
Units shall be substantially identical to the Units offered in the IPO as set forth in the Underwriting Agreement, except the Units:
(i) will be subject to the transfer restrictions described herein, and (ii) are being purchased pursuant to an exemption from the registration
requirements of the Securities Act and will become freely tradable only after certain conditions are met or the resale of the Units is
registered under the Securities Act.

 

10.
Governing Law; Jurisdiction; Waiver of Jury Trial

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York for agreements made and to be wholly
performed within such territory. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant
to this Agreement and the transactions contemplated hereby.

 

11.
Assignment; Entire Agreement; Amendment

 

11.1.
Assignment. Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by the
Purchaser, without the prior consent of the Company, to one or more persons agreeing to be bound by the terms hereof. Upon such assignment
by a Purchaser, the assignee(s) shall become Purchaser hereunder and have the rights and obligations provided for herein to the extent
of such assignment.

 

    6

     

    

 

11.2.
Entire Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter
hereof and supersedes any and all prior discussions, agreements and understandings of any and every nature.

 

11.3.
Amendment. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought.

 

11.4.
Binding upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective
heirs, legal representatives, successors and permitted assigns.

 

12.
Notices; Indemnity

 

12.1
Notices. All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to the receiving
party’s address set forth herein or to such other address as a party may designate by notice hereunder, and shall be either (a)
delivered by hand, (b) sent by overnight courier, or (c) sent by certified mail, return receipt requested, postage prepaid. All notices,
requests, consents and other communications hereunder shall be deemed to have been given either (i) if by hand, at the time of the delivery
thereof to the receiving party at the address of such party set forth above, (ii) if sent by overnight courier, on the next business
day following the day such notice is delivered to the courier service, or (iii) if sent by certified mail, on the fifth business day
following the day such mailing is made.

 

12.2
Indemnification. Except as set forth in Section 8, each party shall indemnify the other party against any loss, cost or damages
(including reasonable attorney’s fees and expenses) incurred as a result of such party’s breach of any representation, warranty,
covenant or agreement set forth in this Agreement.

 

13.
Counterparts

 

This
Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that
both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or any other
form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such
signature is executed) with the same force and effect as if such signature page were an original thereof.

 

14.
Survival; Severability

 

14.1.
Survival. The representations, warranties, covenants and agreements of the parties hereto shall survive the Closing until one
(1) year following the consummation of an initial Business Combination.

 

14.2.
Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to
be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that
no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party. 

 

15.
Headings

 

The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.

 

    7

     

    

 

16.
Construction

 

The
parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or
interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof
will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar
import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend
that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached
any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty
or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached
will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

 

[remainder
of page intentionally left blank]

 

    8

     

    

 

This
subscription is accepted by the Company as of the date first written above.

 

	 	ALPHA STAR
    ACQUISITION CORPORATION
	 	 
	 	By:	/s/
Zhe Zhang
	 	Name: 	Zhe Zhang 
	 	Title: 	CEO 

 

	Accepted and
    agreed this	 
	13th
    day of December, 2021	 
	 	 
	A-STAR MANAGEMENT
    CORP.	 
	 	 
	By:	/s/
Zhe Zhang	 
	Name: 	Zhe Zhang	 
	Title: 	Director 	 

 

[Signature
Page for Private Placement Unit Subscription Agreement]

 

    9Exhibit
10.1

 

PIRS
Capital, LLC

1688
Meridian Ave, Ste 700 Miami Beach, FL 33139

 

MERCHANT
AGREEMENT

 

MERCHANT
INFORMATION

 

	Merchant’s
                                            Legal Name:	MCA
    WESTOVER HILLS OPERATING COMPANY, LLC

	D/B/A:	 	MEMORY
    CARE OF WESTOVER HILLS	 	Phone
    Number:	 	(210)
    802-3656	 	Cell
                                            Phone:

    
	 	

 

	Type
    of entity:	☐
    Corporation ☒ Limited Liability Company ☐ Limited Partnership ☐ Limited Liability Partnership ☐ Sole Proprietor

 

	Physical
    Address:	10910
    TOWN CENTER DRIVE	City:	SAN
    ANTONIO	State:	TX	Zip:	78251
	Mailing
    Address:	S/A/A	City:		State:		Zip:	

 

This
Merchant Agreement (this “Agreement”) dated 03/24/2022 between PIRS Capital, LLC (the “Purchaser”)
and the merchant listed below (together with its successors and/or assigns, the “Merchant”) (each, a “Party”
and, collectively, the “Parties”).

 

ARTICLE
I: PURCHASE AND SALE OF FUTURE RECEIVABLES

 

Section
1.1 Sale and Purchase. In consideration of the funds remitted by Purchaser to Merchant and specified below (“Purchase
Price”), Merchant hereby irrevocably sells, assigns and transfers to Purchaser (making Purchaser the absolute owner), the percentage
indicated below (the “Specified Percentage”) of the Merchant’s future accounts, contract rights and other obligations
arising from or relating to the payment of monies from Merchant’s customers’ and/or other third-party payers to Merchant
(the “Future Receivables” defined as all payments made by cash, check, electronic transfer, credit card transactions
or other form of monetary payment to Merchant in the ordinary course of the Merchant’s business), for the payment of Merchant’s
sale of goods or services until the amount specified below (the “Purchased Amount”) has been delivered by Merchant to Purchaser.

 

Section
1.2 Payment of Specified Percentage. The Merchant hereby agrees to deposit all Future Receivables into a bank account approved
by the Purchaser (the “Account”) and the Merchant hereby authorizes Purchaser and its agents to initiate Automated Clearinghouse
(“ACH”) payments equal to the Purchased Percentage of all deposits made into the Account each Weekday (as defined herein)
until the Purchaser has received an amount equal to the Purchased Amount. Merchant will provide Purchaser with all required access codes,
and periodic bank statements by the 18th of each calendar month during which this Agreement is in effect. Merchant understands that it
is responsible for ensuring that the Specified Percentage to be debited by Purchaser remains in the Account and will be held responsible
for any fees incurred by Purchaser resulting from a rejected ACH attempt or an Event of Default (as defined herein). Purchaser is not
responsible for any overdrafts or rejected transactions that may result from Purchaser ACH debiting the specified amounts under the terms
of this Agreement. Notwithstanding anything to the contrary in this Agreement or any other agreement between Purchaser and Merchant,
upon any breach set forth in Section 3.1(b) of this Agreement or the occurrence of an Event of Default under Section 3.1(a) of this Agreement,
the Specified Percentage shall equal 100%. A list of all fees applicable under this Agreement is contained in Appendix B.

 

	Purchase
    Price:	$
    239,500.00	Specified
    Percentage: 	14.7
    %	Purchased
    Amount:	$
    299,375.00

 

Section
1.3 Fees. The following fees apply to the Purchaser’s purchase of the Specified Percentage under this Agreement:

 

(a) Processing Fee: The Purchase Price indicated above will be remitted to Merchant net of a processing fee equal to two percent ( 2 %) of the Purchased Price, such fee to cover Purchaser’s diligence of Merchant and related expenses, including the filing of UCC financing statement(s) regarding the Future Receivables as authorized under this Agreement.

   

(b) Application Fee: An application fee of $ 399.00 will be charged to Merchant if the Purchase Price is greater than $5K.

 

    	1

    	 

    

 

Section
1.4 Weekdays, Bank Holidays. “Weekday” is defined as Monday through Friday, inclusive (each, a “Weekday”).
Purchaser will debit the Account only on Weekdays on which the bank holding Merchant’s Account is open and able to process ACH
transactions. On the Weekday immediately following any Weekday or other day(s) on which the bank holding the Account was not open or
was not able to process ACH transactions for reasons other than an insufficient Account balance, Purchaser will debit the Account for
an amount equal to the sum of (a) the Specified Percentage to be delivered to Purchaser on that Weekday, plus (b) the Specified Percentage
to be delivered to Purchaser on the preceding Weekday(s) when the bank holding the Account was not open or could not process ACH transactions.

 

Section
1.5 Authorization; No Misrepresentation. To the extent set forth herein, each of the Parties is obligated upon its execution
of the Agreement to all terms of this Agreement. Merchant represents that it has the authority to enter into this Agreement. Each of
the below-signed Merchant and owners (the “Owners”) represents that he or she is authorized to sign this Agreement
for Merchant, legally binding Merchant to satisfy its obligations hereunder and that the information provided herein and in all of Purchaser’s
documents, forms and recorded interviews is true, accurate and complete in all respects. If any such information provided by Merchant
is false or misleading, Merchant shall be deemed in material breach of all agreements between Merchant and Purchaser, and Purchaser shall
be entitled to all remedies available under law. Purchaser may produce a monthly statement reflecting the delivery of the Specified Percentage
from Merchant to Purchaser. An investigative or consumer report may be requested in connection with this Agreement. Merchant and each
of the below-signed Owners authorize Purchaser, its agents and representatives and any third party engaged by Purchaser, to (i) investigate
any references given or any other statements or data obtained from or about Merchant or any of its Owners for the purpose of this Agreement,
and (ii) obtain a credit report at any time now or for so long as Merchant and/or Owner(s) continue to have any obligation to deliver
receivables to Purchaser as a consequence of this Agreement or for Purchaser’s ability to determine Merchant’s eligibility
to enter into any future agreement with Purchaser. ANY MISREPRESENTATION MADE BY MERCHANT OR OWNER IN CONNECTION WITH THIS AGREEMENT
MAY CONSTITUTE A SEPARATE CAUSE OF ACTION FOR FRAUD OR INTENTIONAL MISREPRESENTATION.

 

ARTICLE
II: TERMS AND CONDITIONS

 

Section
2.1 Use of the Account.

 

(a)
Merchant shall execute an agreement acceptable to Purchaser with a bank acceptable to Purchaser to obtain electronic fund transfer
services. Merchant shall provide Purchaser and/or its authorized agent with all of the information, authorizations and passwords
necessary for verifying Merchant’s receivables, receipts and deposits into the Account. Merchant shall authorize Purchaser
and/or its agent to deduct the amounts owed to Purchaser for the Future Receivables as specified herein from settlement amounts
which would otherwise be due to Merchant and to pay such amounts to Purchaser by permitting Purchaser to withdraw the Specified
Percentage by ACH debiting of the Account. To effectuate the foregoing, Merchant shall execute and deliver to Purchaser an
authorization for ACH payments on Purchaser’s standard form (the “ACH Authorization”), set forth as
Appendix B to this Agreement. The ACH Authorization shall be irrevocable without the express prior written consent of
Purchaser.

 

 (b) Merchant shall exclusively use the Account for the deposit of all Future Receivables and shall not close the Account of or cease to use the Account as the sole account into which to deposit all Future Receivables prior to the time that Purchaser has received the entire Purchased Amount. The Account may not be closed without the prior written consent of Purchaser.

 

 (c) Merchant shall not (i) breach or default the deposit agreement with the bank maintaining the Account; (ii) change or permit the change of the Bank or add an additional bank to hold deposits of Merchant, in each case, without the express prior written consent of Purchaser; (iii) change the Account name, password or other access information relating to accounts from which ACH payments are to be made without giving Purchaser the notice required under Section 3.4(d) herein; or (iv) divert any cash, checks, electronic payments in any manner or to any person, location or account other than the Account.

 

(d)
Purchaser and Merchant understand that the bank and/or any ACH processor may charge a fee or commission for processing electronic
checks, ACH payments and other receipts, and that the bank’s and/or any ACH processor’s fees or commission shall not
reduce any amounts due to Purchaser hereunder.

 

    	2

    	 

    

 

Section
2.2 Term of Agreement. This Agreement shall be in full force and effect until the Purchased Amount has been delivered to the
Purchaser pursuant to the terms of this Agreement. Because the transaction evidenced by this Agreement is not a loan, there is no repayment
term.

 

Section
2.3 Future Purchases. Nothing in this Agreement shall be construed to (a) obligate Purchaser to or (b) prevent Purchaser from
making any future purchases from Merchant.

 

Section
2.4 Financial Condition. Merchant and Owner(s) authorize Purchaser and its agents to investigate their financial responsibility
and history, and will provide to Purchaser any bank or financial statements, tax returns, as Purchaser deems necessary prior to or at
any time during the Term of this Agreement. Merchant hereby authorizes Purchaser to contact any current or prior bank of Merchant in
order to obtain whatever information it may require regarding Merchant’s transactions with any such bank. Purchaser is authorized
to update such information and financial profiles from time to time as it deems appropriate. In addition to the foregoing, Merchant authorizes
Purchaser to contact any current or prior bank of Merchant in order to confirm that Merchant is exclusively using the Account approved
by Merchant in accordance with this Agreement.

 

Section
2.5 Transactional History. Merchant hereby authorizes its bank to provide Purchaser from time to time with Merchant’s banking
or processing history to determine qualification or continuation in the program contemplated under this Agreement.

 

Section
2.6 No Liability. In no event will Purchaser be liable for any claims asserted by Merchant under any legal theory for lost profits,
lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect or consequential damages, each of which
is waived by Merchant and Owner(s).

 

Section
2.7 Sale of Future Receivables.

 

 (a) Merchant and Purchaser agree that the Purchase Price under this Agreement is in exchange for the Specified Percentage and that such Purchase Price is not intended to be, nor shall it be construed as a loan from Purchaser to Merchant. Merchant agrees that the Purchase Price paid in exchange for the Future Receivables pursuant to this Agreement equals the fair market value of such Future Receivables. Purchaser has purchased and shall own the Specified Percentage described in this Agreement. As the Specified Percentage is derived solely from Merchant’s sale of products and services and the payment therefore by Merchant’s customers, Purchaser’s receipt of the Specified Percentage shall be directly conditioned upon Merchant’s sale of products and services to Merchant’s customers.

 

(b)
The Purchaser does not charge any interest, finance charges, points, late fees or similar fees (except as permitted by applicable
law in connection with civil judgments). The Purchaser is purchasing the Future Receivables at a discount and, for the avoidance of
doubt, the Merchant and the Purchaser agree that the Purchaser shall be the sole and exclusive owner of the Specified Percentage,
and that the Specified Percentage shall not be part of the Merchant’s estate in a bankruptcy of the Merchant.

 

 (c) Notwithstanding the Parties’ express intent to the contrary set forth in Section 2.7(a) herein, in the event that the Purchaser’s purchase of the Specified Percentage is finally determined by a court of competent jurisdiction to constitute a loan from the Purchaser to the Merchant, the Purchaser shall return to the Merchant any interest deemed to have been received by the Purchaser on such loan in excess of the maximum amount of interest permitted by applicable law to be received by the Purchaser.

 

(d)
Merchant agrees and acknowledges that it is not a debtor of Purchaser during the Term of this Agreement; accordingly, any attempts
to modify Merchant’s obligations to deliver to the Purchaser the Specified Percentage shall be invalid and void.

 

 (e) Merchant agrees that it will treat the Purchase Price and Purchased Amount in a manner consistent with a sale in its accounting records and on its tax returns. Merchant agrees that Purchaser is entitled to audit Merchant’s accounting records and tax returns, upon reasonable notice, in order to verify that that Merchant is complying with this Section 2.7(e), including during any litigation or arbitration between Purchaser and Merchant and/or Owner(s). Merchant waives any rights of privacy, confidentiality or taxpayer privilege in any such litigation or arbitration in which Merchant asserts that the Purchase Price paid by the Purchaser in exchange for the Purchased Amount of Future Receivables is anything other than a sale of the Purchased Amount.

 

    	3

    	 

    

 

Section
2.8 Power of Attorney. Merchant irrevocably appoints Purchaser 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 Purchaser from any third party, or any breach by Merchant
set forth in Section 3.1(b) or the occurrence of an Event of Default as defined under Section 3.1(a) herein, from Merchant, under this
Agreement, 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 (as defined in the Security Agreement and Guaranty attached as Appendix A to this Agreement (the “Security
Agreement”)); (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 Purchaser; and (v) to file any claims or take any action or institute any proceeding which
Purchaser 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.

 

Section
2.9 Working Capital Funding. Merchant shall not enter into any arrangement, agreement or commitment that relates to or involves
the Future Receivables, whether in the form of a purchase of, a loan against, collateral against or the sale or purchase of credits against
Future Receivables or future check sales with any party other than Purchaser.

 

Section
2.10 Unencumbered Receipts. Merchant has good, complete and marketable title to all Future Receivables, free and clear of any
and all liabilities, liens, claims, changes, restrictions, conditions, options, rights, mortgages, security interests, equities, pledges
and encumbrances of any kind or nature whatsoever or any other rights or interests that may be inconsistent with the transactions contemplated
with, or adverse to the interests of Purchaser.

 

Section
2.11 Business Purpose; Compliance with Laws. Merchant is a valid business in good standing under the laws of the jurisdictions
in which it is organized and/or operates. Merchant represents that it is entering into this Agreement for business purposes and not
as a consumer for personal, family or household purposes. The Merchant is in compliance with all statutes, rules, regulations, orders
or restrictions of all applicable governmental authorities. All federal, state, local and foreign tax returns and tax reports, and all
taxes due and payable arising therefrom required to be filed by the Merchant have been or will be filed and paid, on a timely basis (including
any extensions). All such returns and reports are and will be true, correct and complete. The Merchant has no material liabilities and,
to the best of its knowledge, knows of no material contingent liabilities, except current liabilities incurred in the ordinary course
of business. The Future Receivables are currently and in the future will be generated in the ordinary course of the conduct of commerce
or business.

 

Section
2.12 Change of Name. The Merchant will not conduct its businesses under any name other than as disclosed to the bank approved
by the Purchaser without providing notice as required under Section 3.4(c) herein.

 

Section
2.13 Conflicts with Other Contracts. The execution and delivery of the consummation of the transactions contemplated hereunder
and compliance with the provisions of this Agreement, does not and will not conflict with or result in any violation default, and does
not or will not entitle any person or entity to receipt of notice or to a right of consent, or give rise to a right of termination, cancellation
or acceleration of any obligation or to loss of a benefit, or to any increased, additional, accelerated or guaranteed rights or entitlement
of any person or entity, or result in the creation of any claim on the properties or assets of the Merchant.

 

Section
2.14 UCC Financing Statements. Merchant hereby authorizes Purchaser at its sole option to file one or more financing statements
under the UCC prior to or at any time after purchasing the Specified Percentage in order to evidence and perfect the security interest
granted to the Purchaser herein.

 

Section
2.15 Chargebacks. In the event any Future Receivables become the subject of a charge back, returned check or other negation of
the future sale prior to Purchaser receiving value for the Future Receivables in the form of a cash transfer from the Account to the
Purchaser, then the Purchased Amount will be increased by the amount so charged back, returned or negated and shall be paid to Purchaser
from subsequent Future Receivables.

 

    	4

    	 

    

 

 

ARTICLE
III: EVENTS OF DEFAULT, PROTECTIONS AGAINST DEFAULT AND REMEDIES

 

Section
3.1 Events of Default, Protections against Default.

 

 (a) The occurrence of any of the following events shall constitute an “Event of Default” hereunder: (i) Merchant shall violate any term or covenant in this Agreement; (ii) any representation or warranty by Merchant in this Agreement shall prove to have been incorrect, false or misleading in any material respect when made; (iii) Merchant shall admit in writing its inability to pay its debts, or shall make a general assignment for the benefit of creditors, or any proceeding shall be instituted by or against Merchant seeking to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment or composition of it or its debts; (iv) the sending of notice of termination by Owner; (v) Merchant shall transport, move, interrupt, suspend, dissolve or terminate its business; (vi) Merchant shall transfer or sell all or substantially all of its assets; (vii) Merchant shall make or send notice of any intended bulk sale or transfer by Merchant; (viii) Merchant shall use multiple depository accounts without the prior written consent of Purchaser; (ix) Merchant shall change its Account without the prior written consent of Purchaser; (x) Merchant shall perform any act that reduces the value of any Collateral granted under this Agreement; (xi) the Account is closed, frozen, suspended or restrained, or (xii) Merchant shall default under any of the terms, covenants and conditions of any other agreement with Purchaser.

 

(b)
The “Protections,” as defined in Section 3.1(c) herein, may be invoked by Purchaser immediately and without notice to
Merchant in the event of any of the following violations by Merchant: (i) Merchant permits any event to occur that could have an
adverse effect on the use, acceptance or authorization of checks for the purchase of Merchant’s services and products; (ii)
Merchant changes its arrangements with any third party in any way that is adverse to Purchaser; (iii) Merchant permits any event to
occur that could cause diversion of any Future Receivables to any person, location or account other than the Account; (iv) Merchant
interrupts the operation of its business (for reasons other than adverse weather, natural disasters or acts of God), transfers,
moves, sells, disposes, transfers or otherwise conveys its business or assets without (A) the express prior written consent of
Purchaser, and (B) the written agreement of any purchaser or transferee to the assumption of all of Merchant’s obligations
under this Agreement pursuant to documentation satisfactory to Purchaser; (v) Merchant blocks or otherwise compromises
Purchaser’s access to the Account; or (vi) 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 those set forth in this Agreement.

 

(c)
The following protections shall be available to Purchaser in addition to any other remedies available to Purchaser at law, in equity
or otherwise pursuant to this Agreement (collectively, the “Protections”): (i) the full uncollected Purchased
Amount plus all fees due under this Agreement and the Security Agreement attached hereto as Exhibit B may become due and payable in
full immediately; (ii) Purchaser may enforce the provisions of the Personal Guarantee of Performance (as defined in the Security
Agreement) against the Owner; (iii) Merchant may, upon execution of this Agreement, deliver to Purchaser an executed confession of
judgment in favor of Purchaser in the amount of the Purchased Amount stated in this Agreement. Upon any breach set forth in Section
3.1(b), Purchaser may enter that confession of judgment as a judgment with any petition brought or pending against Merchant.
Merchant further warrants that it does not anticipate filing any bankruptcy petition and it does not anticipate that an involuntary
petition will be filed against it.

 

Section
3.2 Remedies. In case any Event of Default occurs and is not waived pursuant to Section 4.4 hereof, Purchaser 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 or any
other legal or equitable right or remedy. All rights, powers and remedies of Purchaser in connection with this Agreement may be exercised
at any time by Purchaser 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.

 

Section
3.3 Costs. Merchant shall pay to Purchaser all reasonable costs associated with (a) a breach by Merchant of the covenants in
this Agreement and the enforcement thereof, and (b) the enforcement of Purchaser’s remedies set forth in Section

3.2
above, including but not limited to court costs and/or attorneys’ fees.

 

Section
3.4 Required Notifications.

 

 (a) Merchant is required to give Purchaser written notice within 24 hours of any filing under Title 11 of the United States Code.

 

(b)
Merchant is required to give Purchaser seven (7) days’ written notice prior to the closing of any sale of all or substantially
all of the Merchant’s assets or stock.

 

 (c) Merchant will not change any of its places of business, or change its legal name, entity type or state of formation, unless it has provided the Purchaser with not less than thirty (30) days’ prior notice thereof and has provided Purchaser with any documents, agreements and information reasonably requested by the Purchaser with respect thereto.

 

    	5

    	 

    

 

(d)
Merchant will not change the Account name, password or other access information relating to accounts from which ACH or electronic
check payments are to be made without giving Purchaser at least ten (10) business days’ prior notice of such
change.

 

ARTICLE
IV: MISCELLANEOUS

 

Section
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 Purchaser.

 

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

 

Section
4.3 Notices. All notices, requests, consent, demands and other communications hereunder shall be delivered by certified mail,
return receipt requested, to the respective Parties to this Agreement at the following addresses and shall become effective only upon
receipt:

 

If
to Purchaser:

 

PIRS
Capital LLC

1688
Meridian Ave, Ste 700

Miami
Beach, FL 33139

adjustments@PIRSCapital.com

 

If
to Merchant:

MCA
WESTOVER HILLS OPERATING COMPANY, LLC

10910
TOWN CENTER DRIVE, San Antonio, TX 78251

Jim@myclearday.com

 

Section
4.4 Waiver Remedies. No failure on the part of Purchaser 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.

 

Section
4.5 Binding Effect: Governing Law, Venue, and Jurisdiction. This Agreement shall be binding upon and inure to the benefit of
Merchant, Purchaser and their respective successors and assigns, except that Merchant shall not have the right to assign its rights hereunder
or any interest herein without the prior written consent of Purchaser which consent may be withheld in Purchaser’s sole discretion.
Purchaser reserves the rights to assign this Agreement with or without prior written notice to Merchant. This Agreement shall be governed
by and construed in accordance with the laws of the State of Florida, 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 Purchaser so elects,
be instituted in any court sitting in Florida, (the “Acceptable Forums”). Merchant agrees that the Acceptable Forums
are convenient to it, and submits to the jurisdiction of the Acceptable Forums and waives any and all objections to jurisdiction or venue.
Should such proceeding be initiated in any other forum, Merchant waives any right to oppose any motion or application made by Purchaser
to transfer such proceeding to an Acceptable Forum.

 

Section
4.6 Indemnification. In addition to all rights and remedies available to the Parties hereto at law or in equity, the Merchant
shall indemnify the Purchaser, its affiliates and their respective stockholders, officers, directors, employees, agents, successors and
assigns, (collectively, the “Indemnified Persons”), and save and hold each Indemnified Person harmless from and against
and pay on behalf of or reimburse each such Indemnified Person, as and when incurred, for any and all loss, liability, demand, claim,
action, cause of action, cost, damage, deficiency, tax, penalty, fine or expense, whether or not arising out of any claims by or on behalf
of such Indemnified Person or any third party, including interest, penalties, reasonable attorneys’ fees and expenses and all amounts
paid in investigation, defense or settlement of any of the foregoing (including all reasonable attorneys’ fees and expenses incurred
in connection with the enforcement of this Section), that any such Indemnified Person may suffer, sustain, incur or become subject to,
as a result of, in connection with, relating or incidental to or by virtue of:

 

(i)
any misrepresentation or breach of warranty of the Merchant under this Agreement or any ancillary documents; or (ii) any nonfulfillment,
default or breach of any covenant or agreement of the Merchant in this Agreement or any ancillary documents.

 

    	6

    	 

    

 

Section
4.7 Survival of Representation. 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.

 

Section
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.

 

Section
4.9 Entire Agreement. This Agreement, the Security Agreement, and all attachments and exhibits hereto embody the entire agreement
between Merchant and Purchaser and supersede all prior agreements and understandings relating to the subject matter hereof.

 

Section
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
IN CONNECTION WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR THE ENFORCEMENT 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.

 

Section
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 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: (a) 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 (b) 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.

 

Section
4.12 Arbitration Agreement.

 

 (a) Purchaser and Merchant agree that upon the election of either Party, any dispute relating in any way to this Agreement will be resolved by binding arbitration as discussed below, and not through litigation in any court. Purchaser recognizes that the benefits associated with arbitration include a speedy, less-formal, impartial, final and binding dispute-resolution procedure.

 

(b)
This arbitration agreement is entered into pursuant to the Federal Arbitration Act, 9 U.S.C. §§ 1–16. To the extent
that the Federal Arbitration Act is inapplicable, the arbitration law of the state where Purchaser is incorporated shall apply. YOU
HAVE A RIGHT TO OPT OUT OF THIS AGREEMENT TO ARBITRATE, AS DISCUSSED BELOW. UNLESS YOU OPT OUT OF ARBITRATION, YOU AND WE ARE
WAIVING THE RIGHT TO HAVE OUR DISPUTE HEARD BEFORE A JUDGE OR JURY, OR OTHERWISE TO BE DECIDED BY A COURT OR GOVERNMENT TRIBUNAL.
YOU AND WE ALSO WAIVE ANY ABILITY TO ASSERT OR PARTICIPATE ON A CLASS OR REPRESENTATIVE BASIS IN COURT OR IN ARBITRATION. ALL
DISPUTES, EXCEPT AS STATED BELOW, MUST BE RESOLVED BY BINDING ARBITRATION WHEN EITHER YOU OR WE REQUEST IT. BY SIGNING THIS
AGREEMENT, YOU ACKNOWLEDGE THAT YOU HAVE BEEN GIVEN THE OPPORTUNITY TO DISCUSS THIS AGREEMENT WITH YOUR PRIVATE LEGAL COUNSEL AND
HAVE AVAILED YOURSELF OF THAT OPPORTUNITY TO THE EXTENT YOU WISH TO DO SO.

 

 (c) Claims or disputes between Purchaser and Merchant about this Agreement and any related issues are subject to arbitration. Any claims or disputes arising from or relating to this Agreement, any prior agreement between the Parties, or the advertising, the application for, or the approval or establishment of this Agreement are also included. Claims are subject to arbitration, regardless of what theory they are based on or whether they seek legal or equitable remedies. Arbitration applies to any and all such claims or disputes, whether they arose in the past, may currently exist, or may arise in the future. All such claims or disputes are referred to in this Agreement as “Claims.” The only exception to arbitration of Claims is that both Parties have the right to pursue a Claim in a small claims court instead of arbitration, if the Claim is in that court’s jurisdiction and proceeds on an individual basis.

 

    	7

    	 

    

 

(d)
Either Party may opt out of this agreement to arbitrate upon contacting the other Party within thirty (30) days of signing this
Agreement. Otherwise, this agreement to arbitrate will apply without limitation, regardless of whether Purchaser has received the
Purchased Amount or whether either Party files for bankruptcy.

 

(e)
As set forth in Section 4.11 above, Claims in arbitration will proceed on an individual basis, on behalf of the named parties
only.

 

(f)
Arbitration applies whenever there is a Claim between Purchaser and Merchant. If a third party is also involved in a Claim between
the Parties, then the Claim will be decided with respect to the third party in arbitration as well, and it must be named as a party
in accordance with the rules of procedure governing the arbitration. No award or relief will be granted by the Arbitrator (as
defined herein) except on behalf of, or against, a named party.

 

(g)
The arbitration will be held under the auspices of the American Arbitration Association or JAMS (or any successor of either of them)
(“Administrator”). The Party that did not initiate the claim shall designate the Administrator. Regardless of which
organization is designated to be the Administrator, the arbitration shall be held in accordance with the JAMS Comprehensive Arbitration
Rules & Procedures (and no other rules), which are currently available at http://www.jamsadr.com/rules- comprehensive-arbitration.
The Arbitrator shall be either a retired judge, or an attorney who is experienced in employment law and licensed to practice law in the
state in which the arbitration is convened (the “Arbitrator”), selected pursuant to JAMS rules or by mutual agreement
of the Parties. The Arbitrator shall apply the substantive law (and the law of remedies, if applicable) of the state in which the claim
arose, or federal law, or both, as applicable to the claim(s) asserted. The Arbitrator is without jurisdiction to apply any different
substantive law or law of remedies. The Federal Rules of Evidence shall apply. The arbitration shall be final and binding upon the parties,
except as provided in this Agreement. The Arbitrator shall have jurisdiction to hear and rule on pre-hearing disputes and is authorized
to hold pre-hearing conferences by telephone or in person, as the Arbitrator deems advisable. The Arbitrator shall have the authority
to entertain a motion to dismiss and/or a motion for summary judgment by any party and shall apply the standards governing such motions
under the Federal Rules of Civil Procedure. Should any party refuse or neglect to appear for, or participate in, the arbitration hearing,
the Arbitrator shall have the authority to decide the dispute based upon whatever evidence is presented. Either Party upon its request
shall be given leave to file a post-hearing brief. The time for filing such a brief shall be set by the Arbitrator. The Arbitrator shall
render an award and written opinion in the form typically rendered in labor arbitrations, normally no later than thirty (30) days from
the date the arbitration hearing concludes or the post-hearing briefs (if requested) are received, whichever is later. The opinion shall
include the factual and legal basis for the award.

 

(h)
Purchaser is responsible for paying any filing fee and the fees and costs of the Arbitrator; provided, however, that if Merchant is
the Party initiating the claim, Merchant will contribute an amount equal to the filing fee to initiate a claim in the court of
general jurisdiction in the state in Merchant is incorporated. Each Party shall pay in the first instance its own litigation costs
and attorneys’ fees, if any. Purchaser will pay any costs that are required to be paid by us under the arbitration
Administrator’s rules of procedure. If Merchant wins the arbitration, Purchaser will reimburse Merchant for any fees paid to
the arbitration organization and/or Arbitrator. All other fees will be allocated according to the Administrator’s rules and
applicable law.

 

 (i) Rules and forms may be obtained from, and Claims may be filed with, JAMS at 620 Eighth Avenue, 34th Floor, New York, New York 10018, or jamsadr.com; or the AAA at 335 Madison Avenue, Floor 10, New York, New York 10017, or www.adr.org. Arbitration hearings will take place in the federal judicial district that includes Merchant’s address at the time the Claim is filed, unless the Parties agree to a different place.

 

 (j) This agreement to arbitrate shall survive the termination of any agreement between Merchant and Purchaser.

 

Section
4.13 Covenant Not to Sue.

 

(a)
Merchant and Owner(s) agree that they will never institute, prosecute or in any way aid in the institution or prosecution of any
claim, demand, action or cause of action at law or in equity against the Purchaser for a claim of usury, a claim that the Purchaser
is required to have any lending license, or any other claim contending that the Purchase Price paid by the Purchaser in exchange for
the Purchased Amount of Future Receivables is, or should be construed as, a loan from the Purchaser to the Merchant. Nothing in this
paragraph is intended to prevent Merchant or Owner from complying with any lawfully issued subpoena or court ordered
discovery.

 

    	8

    	 

    

 

 (b) This Section 4.13 is a covenant not to sue, and not a release. In the event that the Merchant or any Owner breaches or in any way violates the terms of this Section 4.13, Merchant and Owner(s) jointly and severally agree to indemnify the Purchaser for all damages arising from that breach, including without limitation the payment of all costs and expenses of every kind for the enforcement of Purchaser’s rights and remedies under this section, including any and all attorneys’ fees and costs in any trial court or appellate court proceeding, any administrative proceeding, any arbitration or mediation or any negotiations or consultations in connection with breach of this section.

 

 (c) This covenant shall inure to the benefit of Purchaser, and shall bind Merchant, Owner(s) and their respective successors and/or assigns, any of their respective affiliated or subsidiary companies, partners, owners, joint venturers and/or any of Merchant’s managers, directors, officers, employers or agents.

 

Section
4.14 Counterparts; Facsimile Acceptance. This Agreement may be executed in one or more counterparts and by facsimile signature,
each of which shall constitute an original and all which shall constitute one instrument, in each case, for all purposes including admission
into evidence of the agreement of the Parties.

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the date first written above.

 

 

 

    	9

    	 

    

 

APPENDIX
A

 

SECURITY
AGREEMENT AND GUARANTY

 

	Merchant’s
    Legal Name:	MCA
    WESTOVER HILLS OPERATING COMPANY, LLC	D/B/A:	MEMORY
    CARE OF WESTOVER HILLS
	Physical
    Address:	10910
    TOWN CENTER DRIVE	City:	SAN
    ANTONIO	State:	TX	Zip:	78251
	Federal
    ID#:	47-1181960	 	 	 	 	 	 

 

SECURITY
AGREEMENT

 

Security
Interest. To secure Merchant’s delivery obligations to PIRS CAPITAL, LLC (the “Purchaser”) under the
Merchant Agreement (the “Merchant Agreement”), Merchant hereby grants to Purchaser a security interest in (a) all
accounts, chattel paper, documents, equipment, general intangibles, instruments and inventory, as those terms are defined in Article
9 of the Uniform Commercial Code (the “UCC”), now or hereafter owned or acquired by Merchant; and (b) all proceeds,
as that term is defined in Article 9 of the UCC, (a) and (b) collectively, the “Collateral”).

 

Cross-Collateral.
To secure Owner’s delivery obligations to Purchaser under this Security Agreement and Guaranty (the “Agreement”),
Owner hereby grants Purchaser a security interest in now or hereafter owned by Owner as well as all proceeds (the “Additional
Collateral”). Owner understands that Purchaser will have a security interest in the aforesaid Additional Collateral upon execution
of this Agreement.

 

Merchant
and Owner each acknowledge and agree that any security interest granted to Purchaser under any other agreement between Merchant or Owner
and Purchaser (the “Cross-Collateral”) will secure the obligations hereunder and under the Merchant Agreement.

 

Merchant
and Owner each agrees to execute any documents or take any action in connection with this Agreement as Purchaser deems necessary to perfect
or maintain Purchaser’s first priority security interest in the Collateral, the Additional Collateral and the Cross-Collateral,
including the execution of any account control agreements. Merchant and Owner each hereby authorizes Purchaser to file an financing statements
deemed necessary by Purchaser to perfect or maintain Purchaser’s security interest, which financing statement may contain notification
that Merchant and Owner have granted a negative pledge to Purchaser with respect to the Collateral, the Additional Collateral and the
Cross-Collateral, and that any subsequent lien or may be tortiously interfering with Purchaser’s rights. Merchant and Owner shall
be liable for and Purchaser may charge and collect all costs and expenses, including but not limited to attorney’s fees, which
may be incurred by Purchaser in protecting, preserving and enforcing Purchaser’s security interest and rights.

 

Negative
Pledge. Merchant and Owner 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, the Additional Collateral or the Cross-Collateral, as applicable.

 

Consent
to Enter Premises and Assign Lease. Purchaser 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, Purchaser may execute its rights and remedies under the Assignment of Lease. Merchant also agrees that Purchaser may enter
into an agreement with Merchant’s landlord giving Purchaser 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 (b) to assign Merchant’s lease to
another qualified Merchant capable of operating a business comparable to Merchant’s at such premises.

 

Remedies.
Upon any Event of Default, Purchaser 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, whether by acceleration or otherwise.

 

    	10

    	 

    

 

GUARANTY

 

Personal
Guaranty of Performance. The undersigned Owner(s) hereby guarantees to Purchaser, Merchant’s performance of all of the
representations, warranties, covenants made by Merchant in this Agreement and the Merchant Agreement, as each agreement may be renewed,
amended, extended or otherwise modified (the “Guaranteed Obligations”). Owner’s obligations are due (i) at the
time of any breach by Merchant of any representation, warranty or covenant made by Merchant in this Agreement and the Merchant Agreement,
and (ii) at the time Merchant admits its inability to pay its debts, or makes a general assignment for the benefit of creditors, or any
proceeding shall be instituted by or against Merchant seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment or composition of it or its debts. For avoidance of doubt, the Guaranteed Obligations do not include any guarantees to Purchaser
that Purchaser will receive the Purchased Amount (as that term is defined in the Agreement).

 

Owner
Waivers. In the event that Merchant fails to make a payment or perform any obligation when due under the Merchant Agreement,
Purchaser may enforce its rights under this Agreement without first seeking to obtain payment from Merchant, any other guarantor, or
any Collateral, Additional Collateral or Cross-Collateral Purchaser may hold pursuant to this Agreement or any other guaranty.

 

Purchaser
does not have to notify Owner of any of the following events and Owner 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 owed 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 guarantee of the Guaranteed Obligations; (iv) Purchaser’s acceptance of this
Agreement; and (v) any renewal, extension or other modification of the Merchant Agreement or Merchant’s other obligations to
Purchaser. In addition, Purchaser may take any of the following actions without releasing Owner from any of its obligations under
this Agreement: (i) renew, extend or otherwise modify the Merchant Agreement or Merchant’s other obligations to Purchaser;
(ii) release Merchant from its obligations to Purchaser; (iii) sell, release, impair, waive or otherwise fail to realize upon any
collateral securing the Guaranteed Obligations or any other guarantee of the Guaranteed Obligations; and (iv) foreclose on any
collateral securing the Guaranteed Obligations or any other guarantee of the Guaranteed Obligations in a manner that impairs or
precludes the right of Owner to obtain reimbursement for payment under this Agreement. Until the Merchant Amount plus any accrued
but unpaid interest and Merchant’s other obligations to Purchaser under the Merchant Agreement and this Agreement are paid in
full, Owner shall not seek reimbursement from Merchant or any other guarantor for any amounts paid by it under this Agreement. Owner
permanently waives and shall not seek to exercise any of the following rights that it may have against Merchant, any other
guarantor, or any collateral provided by Merchant or any other guarantor, 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
Purchaser must return any amount paid by Merchant or any other guarantor of the Guaranteed Obligations because that person has
become subject to a proceeding under the United States Bankruptcy Code or any similar law, Owner’s obligations under this
Agreement shall include that amount.

 

    	11

    	 

    

 

Owner
Acknowledgement. Owner acknowledges that: (i) He/She understands the seriousness of the provisions of this Agreement; (ii) He/She
has had a full opportunity to consult with legal counsel of his/her choice; (iii) He/She has consulted with counsel of his/her choice
or has decided not to avail himself/herself of that opportunity; and (iv) He/She understands and acknowledges that Purchaser may file
a security interest against Owner’s assets with respect to the Owner’s obligations under this Agreement and hereby consents
to such filing.

 

Joint
and Several Liability. The obligations hereunder of the persons or entities constituting Owner under this Agreement are joint
and several.

 

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

 

MERCHANT
(#1)

 

 

    	12

    	 

    

 

APPENDIX
B

 

AUTHORIZATION
AGREEMENT FOR ACH PAYMENTS

 

This
authorization agreement (the “ACH Authorization”) is entered into pursuant to the Merchant Agreement
(“Agreement”) dated 03/24/2022between the undersigned Merchant and PIRS Capital LLC
(“Purchaser”). Terms used and not defined herein will have the meanings assigned to such terms in the
Agreement.

 

The
undersigned Merchant hereby authorizes Purchaser to initiate debit or credit entries from and to Merchant’s Account at the bank
specified below. Merchant and Purchaser agree to be bound by the applicable rules set forth by the National Automated Clearinghouse Association.
Furthermore, if any such ACH transactions should be returned for insufficient funds, Merchant authorizes Purchaser to reattempt to collect
such amounts by ACH, and in any such case, collect a fee as specified in the Agreement.

 

Purchaser
will debit Merchant’s Account in the amount set forth in the Agreement, as may be modified from time to time by agreement of the
Parties. Purchaser acknowledges that no prior notification will be provided in advance of debits or credits authorized under the Agreement.

 

This
authorization shall remain in effect until the sooner of (a) such time that Purchaser has received the Purchased Amount under the Agreement,
or (b) Purchaser permits Merchant to revoke this ACH Authorization, as evidenced in writing to Merchant. The individual signing this
ACH Authorization on behalf of Merchant certifies to Purchaser that he or she is a duly authorized check signer on the financial institution
account identified below, that he or she is authorized to enter into this ACH Authorization on behalf of the Merchant, and that the Merchant
will be bound by all of the terms of this ACH Authorization. Merchant further agrees that a breach of this ACH Authorization will constitute
a breach of the Agreement.

 

	Routing
    Number	 	 
	Account
    Number	 	 
	Account
    Name	 	 
	Bank
    Name	Service
    First	 
	Type
    of Account:	 	 
	 	 	 
	Merchant’s
    Legal Name:	MCA
    WESTOVER HILLS OPERATING COMPANY, LLC
	Signature:	 	 
	Printed
    Name:	James
    Walesa	 
	 	 	 
	View-Only
    Access to Online Bank	 
	 	 	 
	Login:	 	 
	Password:	 	 
	Date:	 	 

 

PIRS
Capital, LLC| 1688 Meridian Ave, Ste 700| Miami Beach| FL 33139| (fax) 888-789-3257

 

    	13

    	 

    

 

03/24/2022

 

10910
TOWN CENTER DRIVE, San Antonio, TX 78251

 

RE:
PIRS Capital Optional Variable Purchase Program

 

Dear
MCA WESTOVER HILLS OPERATING COMPANY, LLC

 

We
refer to the Merchant Agreement entered into by Pirs Capital LLC (“we” or “Purchaser”) and MCA
WESTOVER HILLS OPERATING COMPANY, LLC (“Merchant”) dated 03/24/2022 (as amended, supplemented or otherwise
modified from time to time, the “Merchant Agreement”). Capitalized terms used and not defined in this letter have
the meanings as used in the Merchant Agreement.

 

Pursuant
to the Merchant Agreement, Purchaser has [agreed to make] [made] a cash advance to Merchant in the amount of the Purchase Price in order
to purchase the Specified Percentage of Merchant’s Future Receivables.

 

In
order to assist Merchant in maintaining a stable and predictable cash flow, Merchant has advised us that it seeks to participate in Purchaser’s
optional “Variable Purchase Program” pursuant to which, in lieu of Purchaser debiting the Specified Percentage on a daily
basis from Merchant’s bank account via the ACH network, Purchaser or its agents will initiate daily ACH payments from Merchant’s
bank account in a designated amount (the “Specified Daily Amount”) on each Weekday until Purchaser has received an
amount equal to the Purchased Amount.

 

Purchaser
and Merchant acknowledge that the Specified Daily Amount has been designated based on Purchaser’s review of Merchant’s business
history; accordingly, the Specified Daily Amount represents the projected value of the Specified Percentage each Weekday. Purchaser and
Merchant further acknowledge that the Specified Daily Amount is subject to review, and – as needed – adjustment, on a regular
basis throughout the term of the Merchant Agreement in order to ensure that the Specified Daily Amount represents the Specified Percentage
based on Merchant’s current operations.

 

NOW,
THEREFORE, Merchant and Purchaser hereby agree as follows:

 

A. 
Merchant hereby authorizes Purchaser and its agents to initiate ACH payments in the amount(s) determined in accordance with this
letter until Purchaser has received an amount equal to the Purchased Amount and authorizes all applicable third parties to provide
to Purchaser and its agents all information necessary to permit such third parties to determine the amount to be paid to Merchant
and initiate such ACH payments. Merchant shall effectuate the foregoing through an ACH Authorization, as set forth in the Merchant
Agreement.

 

B.
Purchaser shall initiate each Weekday ACH payments from the Account in the amount of the Specified Daily Amount, as determined in
accordance with the provisions of this letter.

 

    	14

    	 

    

 

C. The Specified Daily Amount shall be $ 1,547.16 per Weekday, subject to periodic adjustment as set forth in Paragraphs D and E below.

 

D.
No less than every two (2) weeks after the funding of the Purchase Price to Merchant (each such time period, a “Calculation
Period”), either Purchaser or Merchant (the “Notifying Party”) may give written notice to the other
Party (the “Receiving Party”) providing for an adjustment in the Specified Daily Amount based upon the daily
average receivables during the preceding Calculation Period. The intent of the foregoing adjustments shall be for Purchaser to
receive the Specified Percentage until Purchaser has received an amount equal to the Purchased Amount.

 

E.
 Notices under Paragraph D (each, an “Adjustment Notice”) may be sent by email and, if sent to Merchant,
shall be sent to the email address for Merchant set forth in the Merchant Agreement, and, if sent to Purchaser, shall be sent to
adjustments@pirscapital.com or another email address as identified by Purchaser. If Purchaser is the Notifying Party, the revised
Specified Daily Amount shall become effective upon delivery of the Adjustment Notice to Merchant. If Merchant is the Notifying
Party, then upon Purchaser’s receipt of the Adjustment Notice from Merchant, Purchaser shall determine the revised Specified
Daily Amount and give notice thereof to Merchant. In either event, the Receiving Party may object to the Notifying Party’s
determination of the revised Specified Daily Amount by giving written notice within two (2) business days after receipt of the
Notifying Party’s Adjustment Notice setting forth the revised Specified Daily Amount. The Parties shall discuss and attempt to
resolve the Receiving Party’s objection and the revised Specified Daily Amount as determined by the Notifying Party shall
remain in effect until the Receiving Party’s objection is resolved. If the Parties cannot agree on a revised Specified Daily
Amount within five (5) business days of the Receiving Party’s receipt of the Adjustment Notice, the Specified Daily Amount
shall fluctuate on a daily basis and shall be equal to the Specified Percentage, as specified in the Merchant Agreement.

 

F. Merchant
shall furnish Purchaser with such other information as Purchaser may request from time to time, including, if applicable, copies of Merchant’s
periodic bank statements or other access to Merchant’s bank records, all information necessary to permit Purchaser and its agents
to determine the amount to be paid to Merchant and all information necessary to initiate such ACH payments.

 

G.
Merchant hereby agrees (1) to deposit all Future Receivables into the Account and (2) to identify for Purchaser all other existing
and future bank accounts maintained or used by Merchant.

 

H. 
In the event that Purchaser cannot access the Account or in the event that an ACH payment initiated by Purchaser from the Account is
not paid in full based upon insufficient funds in the Account or otherwise, then to the extent not prohibited by applicable law and
without duplication, Purchaser will be entitled to collect the fees set forth in the Merchant Agreement (or, if less, the maximum
amount allowed to be charged under applicable law).

 

I.
Except as modified by this letter, the Merchant Agreement remains in full force and effect. In the event of any conflict or
ambiguity between the terms and provisions of this letter and the terms and provisions of the Merchant Agreement, the terms and
provisions of this letter shall control. The provisions of this letter may not be revoked without the prior written consent of
Purchaser in its sole and absolute discretion. Merchant agrees to execute any documents and/or agreements in order to implement the
provisions of this letter. In the event that any term, paragraph, subparagraph, or portion of this letter is declared to be illegal
or unenforceable, this letter shall, to the extent possible, be interpreted as if that provision was not a part of this letter; it
being the intent of the Parties that any illegal or unenforceable portion of this letter, to the extent possible, be severable from
this letter as a whole.

 

This
letter may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts
shall together constitute but one and the same instrument. Executed signature pages transmitted by facsimile or other means of electronic
delivery shall be legally valid and binding against the Parties.

 

Please
execute this letter at the appropriate place below to indicate your acceptance and agreement to the terms and conditions of this letter.

 

[SIGNATURES
ON FOLLOWING PAGE]

 

    	15

    	 

    

 

By
signing below, you, as Merchant, and the Owners listed below, acknowledge and agree to the terms and conditions stated herein.

 

	 	 	 	Sincerely,
	 	 	 	 	 
	 	 	 	PIRS
    CAPITAL LLC
	 	 	 	 	 
	 	 	 	By:
    	 
	 	 	 	Name:	 
	 	 	 	Title:	 
	 	 	 	 	 
	So
    Agreed:	 	 	 
	 	 	 	 	 
	Merchant:	 	Owners(s):	 
	MCA
    WESTOVER HILLS OPERATING CO	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	Name:	James
    Walesa	 	 	 
	Title:	Manager	 	 	 

 

 

    	16

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