Document:

Exhibit
10.4

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT IN ACCORDANCE WITH REGULATION S-K ITEM 601(a)(6) BECAUSE IT WOULD CONSTITUTE
A CLEARLY UNWARRANTED INVASION OF PERSONAL PRIVACY. [*] INDICATES THAT INFORMATION HAS BEEN REDACTED.”;

 

 

NOWaccount
Network Corporation

2300
Peachtree Road NW Suite C-102 Atlanta, GA 30309

 

www.nowaccount.com

 

Instructions
for Completing the

NOWaccount®
Merchant Services Agreement and

Client
Information Form

 

	1.	Please
    read the details of the NOWaccount Merchant Services Agreement (“MSA”) contained in Exhibit A that follows
    the Cover Page and the Client Information Form. 
	 	 
	2.	Sign
    the MSA Cover Page. 
	 	 
	3.	Complete
    the Client Information Form. 
	 	 
	4.	A
    copy of the signed Agreement will be emailed to you. 

 

If
there are any questions, please call

the NOWaccount Membership Team at:

 

855-9-NOWHELP
(855-966-9435), Extension 3 

 

or
email us at membership@nowaccount.com.

 

    	 

    	 

    

 

NOWACCOUNT
MERCHANT SERVICES AGREEMENT 

 

Version
2.2f (March 1, 2019) 

 

(Cover
Page) 

 

By
its signature below, the undersigned (“Client” or “we” or “us”) hereby adopts and agrees to
be bound by and agrees to all of the terms and conditions set forth in the NOWaccount Merchant Services Agreement, Version 2.2f.
rev (August 19, 2020) , attached hereto as Exhibit A (the “MSA”), which terms and conditions are incorporated
herein by reference. Each capitalized term used herein and not otherwise defined herein has the meaning given to it in the MSA.

 

We
request that payments of the Purchase Price and other payments to be credited or debited to our account accordance with the MSA
be credited or debited to the bank deposit account listed Bank ACH Deposit Directions form, attached hereto.

 

The
MSA shall not become effective until accepted by NOW in Atlanta, Georgia, notice of which acceptance is hereby waived by us.

 

IN
WITNESS WHEREOF, the undersigned has caused the MSA to be signed, sealed and delivered on the date specified below.

 

	 	Authorized Signatory: 
	 	 
	Date: _____9-1-20________ ___, 20___ 	/s/ Tom J. Berman
	 	 	 
	Legal Name of Business: Nano Magic LLC 	 	 
	 	 	 
	 	Title:	President & CEO
	 	[Seal] 

 

	 	 
	 	 
	Company
    EIN: _[*]__	 

 

	Accepted in Atlanta, Georgia, as of the date specified above: 
	 	 	 
	NOWaccount
    Network Corporation 	 
	 	 	 
	By:	/s/
    Earl Camp	 
	Name:	Earl
    Camp	 

 

    	Page 2 of 20

    	 

    

 

Client
Information Form and ACH Deposit Directions

 

What
do you expect your total revenue (sales) to be for the next 12 months? $___[*]__________. (We need this information to
estimate how much capital and customer credit to allocate for your businesses.)

 

Please
provide the information on the bank deposit account where the funds from

 

NOWaccount
will be deposited via ACH or wire, if you request a wire. Please note that some banks have ACH and wire deposit bank numbers
that are different from the routing numbers on the face of a check. (We will debit the amount of the Annual NOW Network Membership
Fee from this account to verify. Please let us know the exact date of the debit to complete this process.)

 

		Either:	

 

	 	●	Email
    to start@nowaccount.com a voided copy (picture is fine) of your check for the deposit account, or 
	 	 	 
	 	●	Provide
    the information below: 

 

Deposit
Account in Name of _____[*]__________________________________________

 

(This
is usually the business legal name)

 

Bank
Deposit Account Number: [*] __________________________

 

ACH
Routing Number (9 digits): [*]__________________ (See directions below) *Wire Routing Number (Verify with your bank):
_____________________(See asterisk below)

 

(Please
see next page for example of Deposit Account Number and Routing Code) 

 

Name
of Financial Institution: _____[*]_______

_____________________________________________________________________

 

Address
of Financial Institution:

*
Bank wire routing numbers may be different from ACH routing numbers.

 

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Finding
Routing Numbers and Account Numbers

 

The
following example shows where to find the Account Number and the 9 digit ACH Routing Number on most checks. The ACH Routing Number
is the one usually found on checks, but NOT the one found on deposit slips.

 

Note
that some financial institutions have a separate routing number for ACH deposits and Wire Transfers. NOWaccount will make deposits
to your account via ACH unless you request a Wire Transfer. (A fee applies for each Wire Transfer – See Schedule 1 for Fees.).
We may ask you to contact your bank to obtain the correct routing numbers before we can transfer funds. 

 

You
may also send a copy (picture is fine) of a voided check for us to double check the routing and account numbers. If you send the
voided check, please also complete the form above. 

 

 

Please
email: start@nowaccount.com if help is needed!

 

Exhibit
A

NOWaccount®
Merchant Services Agreement

Version
2.2f. rev (August 19, 2020)

 

	1.	DEFINITIONS. Capitalized terms not herein defined shall have the meaning set forth in the Uniform Commercial Code as adopted and in force in the State of Georgia (the “UCC”). The terms “you” and “your” and “Seller” mean the organization executing this Agreement; and the terms “us” and “we” and “NOW” mean NOWaccount Network Corporation, a Delaware business corporation with its principal place of business in Atlanta, Georgia. In addition, the following terms shall have the following meanings (terms defined in the singular to have the same meaning when used in the plural, and vice versa): 

 

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“Account
Related Property” means, with respect to any Purchased Account owed by a Buyer, all of your rights, interests, securities,
guaranties and Liens with respect to such Account, including (a) all unpaid seller’s rights (including rights of rescission,
replevin, reclamation, and stoppage in transit), (b) all claims of Lien filed or held by you on any property of the Buyer or any
other Person, (c) all rights and interests in the Inventory sold to the extent returned by or repossessed from the Buyer, (d)
all rights, remedies and benefits under all instruments or agreements between you and the Buyer, (e) all Documents, Instruments,
Chattel Paper (including Electronic Chattel Paper), General Intangibles (including Payment Intangibles) that are given to evidence
the terms or amount of payment or the terms of sale in respect of such Account, and (f) without duplication, all Supporting Obligations
and Letter-of-Credit Rights related to or assuring payment of such Account.

 

“Applicable
Law” means any law, rule, or regulation (whether state, federal or foreign) that may be applicable to the agreement, conduct,
transaction, proceeding, other matter in question.

 

“Application”
means the application made by you to us for the establishment of a NOWaccount.

 

“Books
and Records” has the meaning given to it in Section 22 hereof.

 

“Buyer”
means a Person to whom you sell Inventory or render services in the ordinary course of your business (each such Buyer being an
“account debtor” as defined in the UCC) identified on Schedule 3 as amended from time to time by agreement of the
parties.

 

“Buyer
Claims” has the meaning given to it in Section 9 hereof.

 

“Buyer
Credit Line” means, with respect to any Buyer, a credit line authorized by our credit department with respect to such Buyer.

 

“
Collateral “ has the meaning given to it in Section 19 hereof.

 

“Contract
Year” means period beginning on the acceptance of this Agreement by NOW and ending twelve (12) months thereafter.

 

“Cover
Page of this Agreement” means a page to which this Agreement is attached that references and incorporates the terms and
conditions set forth herein (whether that page exists in physical form or electronic form) and is executed between you and us,
such execution witnessed by physical signatures, electronic signatures pursuant to the Uniform Electronic Transaction Act, or
otherwise.

 

“Credit
Approval” means, with respect to any Buyer, a credit approval by our Credit Department of the Buyer, your terms of sale
to such Buyer, and the amount and duration of a Buyer Credit Line for such Buyer.

 

“Event
of Default” has the meaning given to it in Section 26 hereof.

 

“Funding
Source” has the meaning given to it in Section 25 hereof.

 

“Immediate
Payment” has the meaning given to it in Sections 3 and 14 hereof.

 

“Insolvency
Proceeding” means a case or proceeding that is filed by or against a Person under any Applicable Law: (i) to obtain the
appointment of a receiver, custodian, trustee or conservator for such Person or any such Person’s assets; (ii) as an assignment
or trust mortgage for the benefit of creditors of such Person; or (iii) for an order for relief under the Bankruptcy Code or any
other insolvency law.

 

    	Page 5 of 20

    	 

    

 

“Lien”
means a security interest, mortgage, or statutory lien or other encumbrance, whether arising by contract or under Applicable Law.

 

“NOW
Risk Account” has the meaning given to it in Section 5 hereof.

 

“NOWaccount”
means the services provided to the Seller under this Agreement.

 

“Obligations”
means all indebtedness, liabilities and other obligations owed by you to us at any time or times, whether due or to become due,
absolute or conditional, direct or indirect, secured or unsecured and whether arising or incurred under this Agreement, any other
agreement or otherwise, including all fees and charges set forth in Section 23 hereof and charge-backs under Section 16 hereof.

 

“Online
System” has the meaning given to it in Section 4 hereof.

 

“Other
Funding Source” has the meaning given to it in Section 25 hereof.

 

“Payment
Admin Account” has the meaning given to it in Section 3.

 

“Person”
means any individual or entity, including a corporation, partnership, limited liability company, trust or state, federal or foreign
government or any agency, department or subdivision thereof.

 

“Purchased
Account” has the meaning given to it in Section 3 hereof.

 

“Purchase
Price” has the meaning given to it in Section 11 hereof.

 

“SBCC”
has the meaning given to it in Section 25 hereof.

 

“Seller
Credit Line” has the meaning given to it in Section 21 hereof.

 

“Statement
of Account” has the meaning given to it in Section 18 hereof.

 

	2.	TERM;
    TERMINATION. This Agreement shall remain effective for a term of two (2) years, unless sooner terminated as provided herein.
    At least thirty (30) days prior to the expiration of the term of this Agreement, we will review your status with us and notify
    you if we will not be able to renew this Agreement. You may terminate this Agreement at any time by giving us at least fifteen
    (15) days prior written notice, provided that on or before the effective date of such termination you have paid all Obligations
    in full and all NOW Risk Accounts are paid in full. Any notice of termination is ineffective and shall not be recognized as
    long as there are Obligations and NOW Risk Accounts outstanding. We may terminate this Agreement immediately, without prior
    notice to you, upon or after the occurrence of an Event of Default. All Obligations shall become immediately due and payable
    upon any termination of this Agreement without further notice to or demand upon you. Upon termination of this Agreement, we
    will not purchase from you any new Accounts. Upon payment in full of all Obligations, we shall record any terminations or
    satisfactions of any Lien we hold in your property (other than Purchased Accounts and Account Related Property in respect
    of Purchased Accounts). All of our rights, remedies and Liens hereunder shall continue in full force and effect after any
    termination of this Agreement. No termination of this Agreement shall diminish, release or otherwise affect any of our rights,
    remedies, Liens, powers, or privileges hereunder, or any of your covenants, duties or Obligations hereunder, until indefeasible
    payment in full of all of the Obligations. 

 

    	Page 6 of 20

    	 

    

 

	3.	SALE
    OF ACCOUNTS. You agree to sell and assign to us, and, subject to all of the terms and conditions hereof, we agree to purchase
    as absolute owner, all Accounts at any time due from each Buyer identified on Schedule 3, to the extent that such Accounts
    qualify as Immediate Payment Accounts (also called PaymentNOW accounts) and arise from your sales of Inventory or your rendition
    of services to that Buyer in the ordinary course of your business, including any sales made by you under any trade names (including
    any trade names listed on Cover Page of this Agreement), through any divisions and through any selling agent (such Accounts
    purchased by us are referred to as the “Purchased Accounts” and individually as a “Purchased Account”).
    Other accounts owed to you from those Buyers will be Payment Admin Accounts under this Agreement (Payment Admin Accounts).
    You agree to deliver to each Buyer under a Purchased Account, and concurrently deliver a copy of us, no later than thirty
    (30) days after delivery of the goods or completion of the services for which the Purchased Account arises an invoice or other
    request for payment, in a form acceptable to us and you agree to give us copies of invoices for all Payment Admin Accounts..
    
	 	 
	 	Each
    such sale, assignment, and transfer automatically shall become effective upon the creation of the respective Purchased Account,
    and is intended to be unconditional, absolute, and remain effective in accordance with the terms of this Agreement even if
    a bankruptcy case is filed by or against you or you otherwise become insolvent. You irrevocably authorize us to file financing
    statements, and all amendments and continuations with respect thereto, to perfect our ownership of the Purchased Accounts.
    You will notify us of the existence of each Purchased Account by sending us copies of the invoice and files as specified in
    Sections 4 and 22. Each Purchased Account will be for a Buyer who is credit approved as provided in Section 4 hereof so that
    it is “Immediate Payment and a NOW Risk Account as provided in Section 5. Other accounts due from that Buyer will not
    be purchased accounts, but will be Payment Admin Accounts under this Agreement.
	 	 
	4.	CREDIT
    APPROVAL. Requests for Credit Approval for any Buyer to be added to Schedule 3 must be submitted to our Credit Department
    via our Online System URL specified on the Cover Page of this Agreement or such other URL as we may direct (“Online
    System”). All credit decisions by our Credit Department (including approvals, declines, or holds) will be sent to you
    via the Online System by a Credit Decision Report, which constitutes the official record of our credit decision. Credit Approvals
    will be effective only for Accounts that represent sales of Inventory or services to Buyers whose principal place of business,
    primary assets and jurisdiction of organization is in the United States of America, Canada, or a country listed in the Country
    List published on the Online System as updated from time to time (excluding private individuals not carrying out a commercial
    activity). We may in our discretion at any time withdraw Credit Approval of any Buyer or terms of sale to such Buyer and reflect
    the change on the Online System. Withdrawal of Credit Approval of a Buyer will not change the terms applicable to a NOW Risk
    Account in existence immediately prior to such withdrawal being reflected on the Online System. 
	 	 
	5.	CREDIT
    RISK. Subject to our rights of charge-back under Section 16 hereof, we assume the Credit Risk on all Immediate Payment
    Accounts for each Buyer that is credit approved at the time the Accounts are purchased as and to the extent stated in the
    Credit Decision Report. “Credit Risk” means, with respect to any Purchased Account, the Buyer’s failure
    to pay the Purchased Account when due by its longest maturity date solely because of the Buyer’s financial inability
    to pay. A Purchased Account on which we bear the Credit Risk is a “NOW Risk Account” and all Purchased Accounts
    hereunder will be NOW Risk Accounts. If there is any change in the amount, terms, shipping date, or delivery date for any
    shipment of Inventory or rendition of services (other than accepting returns and granting allowances as provided in this Agreement),
    you must submit a change of terms notice to us in writing. If any NOW Risk Account is not paid for any reason other than Credit
    Risk (including as a result of any Buyer Claims), you will promptly notify us and we will on discovery charge your account
    accordingly, and we shall have the rights provided for in this Agreement with respect to such NOW Risk Account, including,
    but not limited to, charge-back rights as provided in Section 16. 

 

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	6.	NO
    LIABILITY; NO FIDUCIARY DUTIES. We will have no liability to you or to any other Person for declining, withholding, or
    withdrawing Credit Approval of any Buyer, or declining to approve or reducing the amount of any requested Buyer Credit Line.
    If we decline to approve credit on a Buyer and furnish to you any information regarding the credit standing of that Buyer,
    such information is confidential, and you agree not to reveal same to any Person other than the Buyer or your sales agent.
    You agree that we have no obligation to perform, in any respect, any of your contracts or obligations relating to any Accounts,
    whether or not the same are Purchased Accounts. You acknowledge and agree that we have no fiduciary duties to you, and any
    sums that we may be required to pay or turn over to you at any time shall be owed solely pursuant to a debtor/creditor relationship.
    
	 	 
	7.	BUYER
    NON-APPROVAL. We will not grant Credit Approval (and any Credit Approval that is granted by us shall be deemed to have
    been withdrawn without notice to you) for any Buyer if at the time such Buyer is submitted to us for such Credit Approval:
    (a) payment of any Account that is proposed for purchase by us is overdue, (b) any other Account owing by such Buyer to you
    is ninety (90) days or more overdue, (c) the due date of any Account owing by such Buyer to you that is proposed for purchase
    is more than ninety (90) days from invoice date. In addition, we will not grant Credit Approval for a Buyer if when submitted
    for Credit Approval if (d) the amount of the Account would increase our exposure to the Buyer beyond the Buyer Credit Line
    for such Buyer, or (e) any of the following apply with respect to such Buyer: (i) an Insolvency Proceeding is filed by or
    against such Buyer; (ii) there is outstanding against such Buyer or any of its assets an unsatisfied order or judgment of
    a court or award of an arbitrator; (iii) the Buyer has made an offer of settlement or compromise to its creditors generally
    (or a majority thereof), whether or not such offer of settlement or compromise has become final and binding; (iv) if such
    Buyer is an individual (whether or not operating a business under a trade name or as a sole proprietor), such Buyer absconds,
    is adjudicated mentally incompetent by a court or law, or dies; (v) all or a material part of the assets of such Buyer are
    subject to a local, state, federal or foreign Lien for unpaid taxes that are not being actively contested in good faith and
    by appropriate proceedings; (vi) such Buyer sells, assigns or otherwise transfers, in bulk, all or a substantial part of such
    Buyer’s stock in trade or proposes to do so; (vii) such Buyer has been indicted or convicted of a crime that is punishable
    as a felony under the laws of the applicable jurisdiction; (viii) an event has occurred elsewhere than in the United States
    of America, which is, in our sole opinion, substantially equivalent in effect under Applicable Law to any of the events listed
    above; or (ix) such situations or events occur or are threatened which, in our sole opinion, impair the credit, trustworthiness,
    or integrity of such Buyer or any of its principals. 

 

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	8.	INVOICING;
    STATEMENTS; NOTICES. You agree to place a conspicuous notice (in form and content acceptable to us and as initially specified
    on Schedule 1 of this Agreement and as we may specify from time to time on the Online System) on each invoice (including invoices
    transmitted to your Buyers electronically), or other request for payment, that the Purchased Account and any Payment Admin
    Account is payable only at the address and in the manner specified on Schedule 1 of this Agreement or as otherwise specified
    by us, and, at our election, that such Purchased Account is sold and assigned to us (or a party we designate); and you
    agree to take all steps necessary to instruct Buyers to make all payments and remittances to us, including at our sole
    discretion and at our sole expense the use of third-party notification or remittance security services. We may, in our sole
    discretion, change at any time the notice specified herein and the remittance address. Unless we otherwise direct, all invoices
    for Buyers will be promptly mailed or otherwise transmitted by you to us after delivery to your Buyers. You will provide us,
    within five (5) business days after our request therefor, with paper or electronic copies of all confirmation of the sale
    of the Purchased Accounts to us, proof of shipment, proof of delivery, proof of rendering service, and other documents relating
    to the sale or services, all as we may request. If you fail to provide us with copies of such invoices or other requests for
    payment, or such proof or documents as we request, on a timely basis after requested by us, the Purchased Accounts of those
    Buyers will be subject to our charge-back rights under Section 16. At our sole discretion, we may send to Buyer a statement
    of account of their Accounts on a monthly or other basis; and such statements may bear your name as the Seller and our remittance
    addresses and telephone numbers. You agree that we can disclose to Buyer, and send to any Buyer notices of, the sale and assignment
    of any Purchased Account at any time or times, and we will be free to inform any Buyer of the sale of such Accounts upon inquiry
    by Buyer. 
	 	 
	9.	ACCOUNT
    REPRESENTATIONS AND WARRANTIES. You represent and warrant to us that (a) each of your Accounts with a Buyer arises from
    a bona fide sale and delivery of Inventory or rendition of services made by you in the ordinary course of your business, and
    no such sale and delivery of Inventory or rendition of services is unlawful or illegal; (b) any Inventory being sold by you
    to a Buyer and each Purchased Account created and Purchased Account Related Property are your exclusive property and are not,
    and will not be, subject to any Lien or consignment arrangement other than Liens in favor of us and Liens otherwise disclosed
    to us in writing prior to your entering into this Agreement; (c) all amounts in respect of your Accounts with Buyers are due
    and payable in U.S. dollars; (d) all original invoices with respect to Purchased Accounts conform to the notice requirements
    of Section 8; (e) any taxes or fees relating to your Accounts or Inventory are solely your responsibility; (f) none of the
    Purchased Accounts represents a sale to any subsidiary, affiliate, or parent company of Seller; (g) you have absolute and
    indefeasible ownership in, and title to, all of your Accounts with Buyers, with full right and power to assign, transfer,
    and sell them to us (and, upon your sale of such Accounts to us, they shall be), free and clear of all Liens other than Liens
    disclosed to us in writing prior to your entering into this Agreement; and (h) if you have disclosed a Lien pursuant to Section
    9(b) other than a Lien in favor of us, your sale of Accounts to us that are subject to any such Lien and our receipt and retention
    of the proceeds of such Purchased Account does not violate the terms of any agreement that you have with the holder of such
    Lien. You also warrant and represent that with respect to all Accounts with Buyers: your Buyers have accepted the goods or
    services and owe and are obligated to pay the full amounts stated in the invoices according to their terms, without dispute,
    claim, offset, defense, deduction, rejection, recoupment, counterclaim, or contra account, other than as to returns and allowances
    as provided in this Agreement (the foregoing being referred to as “Buyer Claims”).

 

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	10.	SELLER
    REPRESENTATIONS AND WARRANTIES; INFORMATION COVENANTS. In addition to all other representations and warranties that you
    have made to us in writing or by electronic means, you further represent and warrant that (a) your legal name is exactly as
    set forth on Cover Page; (b) you are a duly organized and validly existing business organization incorporated, registered,
    or otherwise lawfully organized in the state set forth on the Cover Page or in the Application, and are qualified to do business
    in all states where required; (c) all information provided in the Application or any other document submitted to us is true
    and complete and accurately and properly reflects your business, financial condition, and principal partners, owners, and
    officers; (d) each Person signing this Agreement on your behalf has the authority to execute and perform this Agreement and
    the power to bind you to all provisions of this Agreement; (e) your signature and performance of this Agreement will not violate
    any Applicable Law or conflict with any other agreement to which you are subject; (f) there is no action, suit, or proceeding
    pending or, to your knowledge, threatened against you or any of your property which if decided adversely would impair your
    ability to carry on your business as presently conducted or adversely affect your financial condition or operations; and (g)
    the most recent financial statements provided by you to us from time to time accurately reflect your financial condition as
    of that date and there has been no material adverse change in your financial condition since the date of those financial statements.
    You shall furnish us, via our Online System where possible, with such information concerning your business affairs, financial
    condition, and the Collateral as we may reasonably request from time to time, including quarterly financial statements in
    an electronic form and final annual financial statements as of the end of each of your fiscal years. You shall promptly notify
    us of any changes in or to the following: your name, state of organization, location of and contact information for your chief
    executive office, place(s) of business, and legal or business structure and of any change in control of the ownership of your
    business organization, any material adverse change in your business, and of lawsuits, proceedings, or other legal claims asserted
    against you or any of your assets. 
	 	 
	11.	PURCHASE
    PRICE FOR ACCOUNTS. The purchase price for each Purchased Account shall be the gross amount of the invoice less
    (a) discounts (calculated on the shortest terms), credits, allowances, present or future taxes, levies, imposts, duties, fees,
    assessments, deductions, retainage, offsets, withholdings or similar charges, or other discounts available to or taken by
    a Buyer, and (b) our fees and other charges pursuant to Section 23 hereof (the “Purchase Price”). Our purchase
    of the Purchased Accounts will be reflected on the Statement of Account (defined in Section 18 below), which we shall render
    to you via our Online System. You will promptly update the Online System to reflect all credits and discounts made available
    to your Buyers. 
	 	 
	12.	[Reserved.]
    
	 	 
	13.	PAYMENT
    OF OBLIGATIONS; RECOUPMENT AND SET-OFF. All Obligations and any other amounts you owe us, including any debit balance
    in your Seller Position Account (described in Section 18 below), are payable upon termination of this Agreement whether or
    not demand for payment thereof has ever been made. All Obligations shall be deemed to be and shall be treated as loans or
    other extensions of credit by us to you. We have the right of recoupment and set-off, which means that we may offset any outstanding
    Obligations against any amounts we would otherwise be obligated to pay you, under this Agreement, provided that prior to termination
    of this Agreement or default, offset will be limited as stated in Section 16. Our rights in this Section are not intended
    to be exclusive of each other or of any of our other rights and remedies in this Agreement, at law or in equity; rather, each
    of our rights under this Agreement, at law or in equity, is concurrent with and in addition to every other right. 

 

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	14.	TIMING
    AND REMITTANCE OF ACCOUNT PAYMENTS. We will pay you the Purchase Price of such Purchased Account by remittance to you
    or to the bank account you designate on the Cover Sheet or otherwise in writing to us, provided that, if we receive
    notice of the existence of any Lien in respect of any Purchased Account, we may, in our discretion, remit such payment to
    the holder of such Lien and, if the amount of such payment exceeds the amount secured by such Lien, we shall have no liability
    to you and you shall address and resolve any claim for such excess solely and directly with such holder. We will remit to
    you for Immediate Payment, the Purchase Price, within five (5) business day after we purchase an Account. Notwithstanding
    the foregoing, if the aggregate amount of Immediate Payment Purchased Accounts owed by a Buyer on any date exceeds the Buyer
    Credit Line for such Buyer in effect on that date, we may defer payment of the Purchase Price on Immediate Payment Purchased
    Accounts owed by such Buyer until such time as the aggregate amount of Immediate Purchased Accounts owed by such Buyer is
    equal to or less than the Buyer Credit Line for such Buyer and, until that time, the Account will be a Payment Admin Account.
    Subject to charge-backs under Section 16, we will remit to you promptly, and in any even within five (5) business days after
    receipt, Payments we receive from Buyers with respect to Payment Admin Accounts.
	 	 
	15.	BUYER
                                                                              CLAIMS AND CREDIT MEMOS. You shall notify us promptly of any matter affecting the validity, enforceability, or
                                                                              collectability of any Purchased Account, including all Buyer Claims. You shall promptly issue credit memoranda or otherwise
                                                                              adjust each Purchased Account upon accepting returns or granting allowances with respect thereto. We shall cooperate with you
                                                                              in the adjustment of Buyer Claims for Payment Admin Accounts, but we retain the right to adjust Buyer Claims on NOW Risk
                                                                              Accounts directly with the Buyer upon such terms as we in our discretion may deem advisable. You agree to provide us via our
                                                                              Online System with an explanation and supporting documentation for any credit memo or other account adjustment you provide to
                                                                              a Buyer.

	 	 
	16.	CHARGE-BACKS.
    We will maintain sub-accounts for each Buyer for which there are Purchased Accounts or Payment Admin Accounts and may
    at any time charge-back to your account for a Buyer the amount of: (a) any NOW Risk Account with that Buyer that is not paid
    in full when due for any reason other than Credit Risk; (b) any NOW Risk Account with that Buyer that is not paid in full
    when due because of an act of force majeure, civil strife, or war or other political risk; (c) any Purchased Account subject
    to any Buyer Claims from that Buyer; and (d) any Purchased Account with that Buyer in respect of which there is a breach of
    any representation or warranty made by you or a breach of any of your obligations in Section 8 hereof. We shall immediately
    charge to a Buyer’s sub-account under your account any deduction taken by that Buyer. A charge-back does not constitute
    a reassignment of an Account, but you may request that an Account that has been charged back be reassigned to you and we may
    at our sole discretion make that reassignment to you, provided that such reassignment does not comprise or otherwise limit
    our ability to collect from that Buyer on other Accounts owned by us or otherwise compromise our position. We will take charge-backs
    related to accounts with a particular Buyer, and will apply amounts received from a particular Buyer, only to the sub-account
    related to that Buyer, and charge-backs related to accounts with a different Buyer or payments received from the different
    Buyer will only be taken and applied with respect to the sub-account maintained for that Buyer.

 

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	17.	HANDLING
    AND COLLECTING ACCOUNTS; POWER OF ATTORNEY. You acknowledge that, pursuant to Section 9-318 of the UCC, you do not retain
    any legal or equitable interest in any of the Purchased Accounts. As owner of the Purchased Accounts, we have the sole and
    exclusive right to (a) bring suit, or otherwise enforce collection, in your name or ours, (b) modify the terms of payment,
    (c) settle, compromise, or release, in whole or in part, any amounts owing, and (d) issue credits in your name or ours. To
    the extent applicable, you waive any and all claims and defenses based on suretyship. You agree that you will not deposit
    any checks or other items received from Buyers for whom unpaid Purchased Accounts exist, even if that payment relates to a
    Payment Admin Account with such a Buyer or does not relate to a Purchased Account with that Buyer. Any checks, cash, notes,
    or other documents or instruments, proceeds, or property you receive with respect to the Purchased Accounts shall be held
    by you in trust for us (“Trust Funds”), separate from your own property, and immediately turned over to us with
    proper endorsements. You acknowledge that failure to turn over Trust Funds in a timely basis may constitute theft. We
    may endorse your name or ours on any such check, draft, instrument, or document. Without limiting the generality of the foregoing,
    you hereby appoint NOW as your agent and attorney-in-fact, with full authority in the place and stead of Seller and in the
    name of Seller or otherwise, from time to time in our discretion to take any action and to execute any instrument which we
    may deem necessary or advisable to obtain payment of Purchased Accounts (but NOW shall not be obligated to and shall have
    no liability to Seller or any other Person for failure to do so). This appointment and power of attorney, being coupled with
    an interest, shall be irrevocable. 
	 	 
	18.	STATEMENT
    OF ACCOUNT. After the end of each month, we will provide you, via our Online System, certain reports reflecting Purchased
    Accounts, Payment Admin Accounts, amounts paid, fees and charges, and all other financial transactions between NOW and you
    and between NOW and Buyers who are account debtors on Purchased Accounts and Payment Admin Accounts during that month (“Reports”).
    The Reports provided to you each month will include a Statement of Account reflecting transactions in three sections: Accounts
    Receivable, Seller Position Account, and a Statement of Funds reflecting transactions. Each statement, report, or accounting
    rendered or issued by us to you shall be deemed conclusively accurate and binding on you, absent manifest error, unless within
    thirty (30) days after the date we notify you that the report is ready you notify us to the contrary , setting forth with
    specificity the reasons why you believe such statement, report, or accounting is inaccurate, as well as what you believe to
    be correct amount(s) therefor and your computation thereof. Your failure to access our Online System shall not relieve you
    of the responsibility to review such statements, and your failure to do so shall nonetheless bind you to whatever our records
    report.
	 	 
	19.	GRANT
    OF SECURITY INTEREST. As security for the payment and performance of all of the Obligations, you hereby assign and grant
    to us a continuing security interest in all of your right, title, and interest in and to all of the following types and items
    of your property, whether now owned or existing or hereafter created or arising and wherever located (herein collectively
    the “Collateral”): (a) Purchased Accounts, (b) all Account Related Property in respect of each Purchased Account,
    and (c) all Books and Records that evidence or relate to or evidence any of the foregoing. The foregoing security interest,
    to the extent that it is granted in any Purchased Account and Account Related Property in respect of such Purchased Account,
    is in addition to and not in lieu of the ownership interest obtained by us in respect of all Purchased Accounts and Account
    Related Property in respect of such Purchased Accounts pursuant to Applicable Law (including Section 9-102(a)(72)(D) of the
    UCC), it being the intent hereof that you sell, grant and convey to us, and we acquire from you, absolute title and full ownership
    rights with respect to all of the Purchased Accounts and Account Related Property in respect of such Purchased Accounts. 

 

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	20.	PERFORMANCE
    AND COMPLIANCE. We shall have no obligation to perform, in any respect, any contracts relating to any of your Accounts.
    You agree to comply with all Applicable Law to perfect our security interest in the Collateral, and to execute such documents
    as we may require to effectuate the foregoing and to implement this Agreement. You irrevocably authorize us to file financing
    statements, and all amendments and continuations with respect thereto, in order to create, perfect, or maintain our security
    interest in the Collateral, and you hereby ratify and confirm any and all financing statements, amendments, and continuations
    with respect thereto heretofore and hereafter filed by us pursuant to the foregoing authorization. With respect to such security
    interest, we will have all rights afforded under the UCC, any other Applicable Law, and in equity. You shall not grant or
    assign, or suffer to exist, any security interest in or other Lien upon any of the Collateral other than in favor of us and
    statutory Liens that may attach to any Collateral under any Applicable Law in the ordinary course of your business so long
    as any such statutory Lien is at all times junior and subordinate in priority to the security interests granted by you to
    us in the Collateral. 
	 	 
	21.	SELLER
    LINE OF CREDIT. In order for us to approve the purchase of Accounts from you by which you may now or in the future incur
    Obligations or other indebtedness to us, we will establish a line of credit for you (the “Seller Credit Line”)
    in an amount equal to or greater than the total amount of all Purchased Accounts that we expect to be outstanding at any one
    time. We may at our cost, but will have no duty to, secure credit insurance or credit guarantees in connection with the any
    Accounts or Seller Credit Line at any time. You agree to provide such additional information as may be necessary for us to
    obtain the Seller Credit Line, insurance, or guarantees. We may increase, reduce, or cancel the Seller Credit Line at any
    time in our sole discretion, in which case we will notify you of such change; provided, however, that our failure
    to notify you of a change in the Seller Credit Line in no way alters our right to make or the effectiveness of such changes.
    Should we elect in our discretion to purchase from you Accounts in an aggregate amount outstanding at any time that is greater
    than the Seller Credit Line, that election will not be deemed to be a change in the Seller Credit Line.
	 	 
	22.	BOOKS
    AND RECORDS; EXAMINATIONS; AUDITS. You shall provide to us any financial information required in this Agreement within
    fifteen (15) days after the end of period covered by the report. You shall reflect our ownership of the Purchased Accounts
    therein. “Books and Records” means your accounting and financial records (whether maintained in paper, computer,
    or electronic media), data, tapes, discs, or other media, and all programs, files, records, and procedure manuals relating
    thereto, wherever located. You shall send to us electronically at least monthly a copy from your accounting system of the
    Buyer file for Purchased Accounts and Payment Admin Accounts, and invoice file reflecting Purchased Accounts and Payment Admin
    Accounts with each Buyer. You further authorize us to make, from time to time, any business and personal credit or other inquiries
    we consider necessary to review the Application or continue to provide services under this Agreement. You also authorize any
    Person or credit reporting agency to compile information to answer those credit inquiries and to furnish such information
    to us. 

 

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	23.	FEES
    AND OTHER CHARGES. For our services hereunder, you will pay us the fees as set forth in Schedule 2 of this Agreement as
    adjusted annually as described in this Section 23. We will notify you at least thirty (30) days prior if there are to be any
    changes in the fees. For each Purchased Account, you will pay us a transaction fee as reflected on Schedule 2 that includes
    a cost of funds and risk fee, as it may be modified by us from time to time as our system-wide cost of funds and risk increase.
    If we elect to deduct such additional fees, those fees will be applied pro-rata for all Sellers system-wide. The annual membership
    fee will be paid at the beginning of each Contract Year. The transaction fees will be charged as transactions with respect
    to Purchased Accounts are entered. For Accounts arising from the sales to Buyers located outside of the United States of America
    you will pay us an additional fee that is the greater of (a) the international surcharge listed in Schedule 2, and (b) the
    country fee as listed in the Country Fee Schedule posted on our Online System from time-to-time. Certain high-risk Buyers,
    domestic and international, may incur an additional charge, of which you will be advised either at the time credit is requested
    or renewed or posted on your list of Buyer credit lines on our Online System. 
	 	 
	24.	TAXES.
    Any tax, fee or other charge of any governmental authority imposed on or arising from any transactions between us, any sales
    made by you, or any Inventory relating to such sales, is your sole responsibility (other than income and franchise taxes imposed
    on us which are not related to any specific transaction between us). If we are required to withhold or pay any such tax, fee
    or other charge, or any interest or penalties thereon, you hereby indemnify and hold us harmless therefrom and we shall charge
    your account with the full amount thereof. 
	 	 
	25.	SUCCESSORS
    AND ASSIGNS; ASSIGNMENT OF AGREEMENT. This Agreement shall be binding upon and shall inure to the benefit of the parties
    hereto and their respective successors and assigns; provided, however, that you may not assign this Agreement
    or any of your rights, powers or privileges hereunder, in whole or in part, without our prior express written consent (which
    may be given or withhold in our absolute discretion) and any attempted assignment in violation of this provision shall be
    void and of no force and effect. We have advised you, and you hereby acknowledge, consent and agree, that we may (a) transfer,
    sell and assign to Small Business Credit Cooperative, Inc., a Georgia non-profit corporation (“SBCC”),all of our
    right, title and interest in, to and under this Agreement, including all of the Obligations, the Purchased Accounts, the Liens
    granted to us hereunder, and all remedies, powers and privileges hereunder (collectively, the “Assigned Assets”)
    and (b) delegate to SBCC the performance of all of our covenants and undertakings under this Agreement. From and after the
    transfer, sale, assignment and delegation to it, SBCC shall be deemed to be a party to this Agreement in the place and stead
    of NOW, and NOW shall no longer have any obligations hereunder to you; all references herein to “us,” “we”
    or “NOW” shall be understood to mean SBCC and its successors and assigns; SBCC may grant a security interest in
    all of SBCC’s right, title and interest in and to the Assigned Assets; to or in favor of one or more Persons (or collateral
    agents for such Persons) that are SBCC’s funding sources and that provide funding to SBCC to facilitate its purchase
    of the Purchased Accounts (each such Person and each collateral agent for such Person, is called a “Funding Source”);
    and SBCC may, in its discretion at any time, with or without notice to you and without your consent, transfer, sell and assign
    all of its right, title and interest in and to the Assigned Assets to a Person who shall thereupon become substituted for
    SBCC and in its place and stead, with SBCC thereupon having no further liability hereunder. In no event shall any claims that
    you may have under this Agreement be made against any Person other than a Person who at the time of the assertion of such
    claim is the present owner and holder of all right, title and interest in and to the Assigned Assets; and in no event shall
    any Person that holds a security interest in the Assigned Assets to secure payment of any indebtedness owed by the owner of
    such Assigned Assets have any liability or responsibility to you hereunder, even after the date on which the holder of such
    security interest may become the owner of the Assigned Assets as result of enforcement of its security interest therein. In
    the event of any assignment to SBCC, we may be engaged by SBCC as servicing agent and, if so, you will be authorized to interact
    with us and to utilize the Online System as provided herein, as if we had not assigned the Assigned Assets to SBCC; provided,
    however, that you will ultimately be authorized and directed to take direction with respect to the Assigned Assets
    from any Person whom either we or SBCC has identified as one of SBCC’s funding sources. We have advised you, and you
    hereby acknowledge, consent and agree, that we may transfer, sell, and assign to a funding source other than SBCC (an “Other
    Funding Source”) all of our right, title and interest in, to and under this Agreement, including all of the Obligations,
    the Purchased Accounts, the Liens granted to us hereunder, and all remedies, powers and privileges hereunder (collectively,
    the “Assigned Assets”), and delegate to the Other Funding Source the performance of all of our covenants and undertakings
    under this Agreement. In the event we make such transfer, sale, or assignment to an Other Funding Source, such Other Funding
    Source shall have the all of the rights and privileges otherwise afforded to SBCC in this Section 25. 

 

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	26.	EVENTS
    OF DEFAULT; REMEDIES UPON DEFAULT. The occurrence of any one or more of the following events or conditions shall constitute
    an “Event of Default” hereunder and shall entitle us to exercise any or all of the rights and remedies specified
    herein, in any other agreement between us, or otherwise available to us under Applicable Law: (a) any Insolvency Proceeding
    is commenced by or against you; (b) any representation or warranty made by you in this Agreement shall prove to be false in
    any material respect or you breach any covenant contained in this Agreement, including covenants set forth in any attachment
    or other addendum to this Agreement; (c) you fail to pay any of the Obligations when due; (d) any breach or default shall
    have occurred under any other agreement or arrangement between us; or (e) any guarantor of the whole or any part of the Obligations
    shall become insolvent, revoke or attempt to revoke its guaranty or dispute its liability thereunder. After the occurrence
    and during the continuance of an Event of Default, we may terminate this Agreement without notice to you (whereupon all of
    the Obligations will become immediately due and payable as provided in Section 2 hereof), demand payment of any and all of
    the Obligations (provided that all of the Obligations shall become immediately due and payable, without notice or demand,
    if an Event of Default occurs under clause (a) of this Section 26), and exercise all rights and remedies available to us under
    this Agreement or Applicable Law, including the right to collect from and settle Buyer Claims with Buyers in respect of Purchased
    Accounts owed by such Buyers. We shall continue to have a security interest in and access to all Collateral. Furthermore,
    as may be necessary to administer and enforce our rights in the Accounts and any other Collateral, or to facilitate the collection
    or realization thereof, we may use (at your expense) your personnel, supplies, equipment, computers and space, at your place
    of business or elsewhere, and to open and inspect any mail delivered to you and to remove therefrom any checks or other items
    of payment that constitute proceeds of any of the Collateral. We may without advertisement, sell, lease or otherwise dispose
    of any or all of the Collateral, at public or private sale, for cash, on credit, or otherwise in our discretion, and we may
    bid or become purchasers at any such sale, free from any right of redemption, which is hereby expressly waived by you. If
    notice of intended disposition of any Collateral is required by law, it is agreed that ten (10) business days-notice constitutes
    reasonable notice. The cash proceeds resulting from the exercise of any of the foregoing rights, after deducting all charges,
    costs, and expenses, including attorneys’ fees, will be applied by us to the payment or satisfaction of the Obligations,
    whether due or to become due, in such order as we may elect. You remain liable to us for any deficiencies. With respect to
    Purchased Accounts, you hereby confirm that we are the owners thereof, and that our rights of ownership permit us to deal
    with this property as owner and you confirm that you have no interest therein. We shall be entitled to any form of equitable
    relief that may be appropriate without having to establish any inadequate remedy at law or other grounds other than to establish
    that our Accounts or the Collateral are subject to being improperly used, moved, dissipated, or withheld from us. If we deem
    it necessary to seek equitable relief, including injunctive or receivership remedies, as a result of any Event of Default,
    you waive any requirement that we post or otherwise obtain or procure any bond. Alternatively, if we, in our discretion elect
    to do so, we may procure and file with the court a bond in an amount up to and not greater than $1,000 notwithstanding any
    common or statutory law requirement to the contrary. Upon our posting of such bond, we shall be entitled to all benefits as
    if such bond was posted in compliance with Applicable Law. We shall have no duty to undertake to collect (or make further
    efforts to collect) any Account, including those concerning which we receive information from a Buyer that Buyer Claims exist
    or those concerning which we have received information that causes us to conclude that there is little likelihood of recovery.
    If we undertake to collect from or enforce an obligation of a Buyer or other Person obligated on Collateral and ascertain
    that the possibility of collection is outweighed by the likely costs and expenses that will be incurred, we may at any such
    time cease any further collection efforts and such action shall be considered commercially reasonable. You agree to reimburse
    us for all costs associated with collecting unpaid Obligations, including without limitation attorneys’ fees, and the
    fees of other parties, including accountants, field examiners, and collection agencies. All of the rights, remedies, powers
    and privileges conferred upon us hereunder shall be deemed to be conferred upon and be exercisable by each Funding Source
    in connection with the repayment of loans or other extensions of credit to us by such Funding Source. 

 

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	27.	INDEMNIFICATION.
    You agree to indemnify, defend, and hold us and our employees, officers, directors, and agents, harmless from and against,
    and reimburse us for: (a) all claims (including claims made by third parties), losses, damages, liabilities or expenses (including
    attorneys’ fees) arising out of this Agreement, (b) all costs and expenses (including attorneys’ fees), that we
    may incur in administering or enforcing this Agreement, preparing any documents prepared in connection herewith, or in protecting,
    preserving, or enforcing any Lien or other right granted by you to us or arising under Applicable Law, whether or not a suit
    is brought; (c) the actual costs, including photocopying, travel, attorneys’ fees, and expenses incurred in complying
    with any subpoena or other legal process attendant to any litigation in which you or we are a party; (d) all reasonable costs
    and expenses, including attorneys’ fees, which we may incur in connection herewith, or in connection with any federal
    or state insolvency proceeding commenced by or against you, including those (i) arising out the automatic stay, (ii) seeking
    dismissal or conversion of the bankruptcy case, or (iii) opposing confirmation of any reorganization or liquidation plan filed
    in any such case. Notwithstanding the foregoing, you are not required to indemnify us for actions or omission by us or by
    our employees, officers, directors or agents that are grossly negligent or deliberately, knowingly or willfully taken in breach
    of this Agreement or Applicable Law. The foregoing indemnification shall survive any termination of this Agreement. 
	 	 
	28.	ATTORNEYS’
    FEES. agree that we shall be entitled to recover any attorneys’ fees and costs that may be incurred by us in connection
    with any action, suit or other proceeding arising out of or related to this Agreement or any act or failure to act hereunder
    or as a result of any Event of Default. 
	 	 
	29.	CONFIDENTIALITY;
    PROPRIETARY INTEREST. You will at all times keep confidential and protect and conserve all our Confidential Information.
    You will not disclose any of our Confidential Information to any Person except as required by Applicable Law. NOW will at
    all times keep confidential and protect and preserve all your Confidential Information. NOW will not disclose any of your
    Confidential Information to any Person except as required by Applicable Law. If you receive a password from us to access any
    of our databases or services, you will (i) keep the password confidential, (ii) not allow any Person to use the password or
    gain access to our databases or services, (iii) be liable for any actions taken by any user of the password, and (iv) promptly
    notify us if you believe that our databases or services or your information has been compromised by the use of the password.
    You have no interest whatsoever, including copyright interests, franchise interests, license interests, patent rights, property
    rights, or other interest in any services, software, systems, models, or hardware we provide. Nothing in this Agreement will
    be construed as granting you any patent rights or patent license in any patent that we may obtain with respect to our services,
    software, systems, models, or hardware. “Confidential Information” means all information that is proprietary to
    either party and to which the other party obtains knowledge of or access to as a result of the relationship created by this
    Agreement or other agreements between us.

 

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	30.	MISCELLANEOUS.
    This Agreement, and all attendant documentation (including all attachments, exhibits, addenda, and the Application), as
    the same may be amended or supplemented from time to time, constitutes the entire agreement between us with regard to the
    subject matter hereof, and supersedes any prior or contemporaneous agreements or understandings, whether written or oral,
    regarding the same subject matter. Our failure or delay in exercising any right or remedy hereunder will not constitute a
    waiver thereof or bar us from exercising any of our rights or remedies at any time. Section headings are for convenience of
    reference only and shall not affect the meaning or interpretation of this Agreement.
	 	 
	31.	ONLINE
    GUIDE. The NOW Seller Service Guide, as supplemented and amended from time to time (the “Guide”) has been
    furnished to you via our Online System concurrently with the signing of this Agreement, and by your signature below you acknowledge
    the existence thereof. The Guide provides information on Credit Approval processes and accounting procedures and other information
    specified in this Agreement. The procedures for electronic transmission of credit requests and invoices are covered in the
    Guide. From time to time, we may provide you with amendments, additions, modifications, revisions, or supplements to the Guide
    via publication on our Online System, which will be operative for transactions between us. All information and exhibits contained
    in the Guide, on any screen accessed by you, and on any print-outs, reports, statements, or notices received by you are, and
    will be, our exclusive property and are not to be disclosed to, or used by, anyone other than you, your employees, or your
    professional advisors, in whole or in part, unless we have consented in writing. 
	 	 
	32.	THIRD
    PARTY BENEFICIARIES. We shall be permitted to deliver to each Funding Source a copy of any information we deliver or otherwise
    make available to you pursuant to this Agreement and any information that you have provided to us, and each Funding Source
    shall be a third party beneficiary of and under this Agreement. Except as expressly provided in this Section 32, no Person
    who is not a party hereto shall be deemed a beneficiary of any of the provisions of this Agreement. 

 

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	33.	CONSTRUCTION.
    The word “including” means “including without limitation.” All references to our “discretion”
    shall be understood to mean our sole and absolute discretion. All amounts to be paid by us to you hereunder, or to be paid
    by you to us hereunder, and all amounts to be paid in respect of any Account shall be paid in U.S. dollars. If any provision
    of this Agreement is contrary to, prohibited by, or otherwise deemed invalid or unenforceable under Applicable Law, such provision
    will be inapplicable and deemed omitted to such extent, but the remainder of the provisions hereof will not be invalidated
    thereby and will be given effect so far as possible, and the invalidity or unenforceability of that provision will not affect
    any of the remaining provisions. 
	 	 
	34.	NOTICES.
    Your notices to us shall be made by (i) email to the Official Email address listed on Cover Page, (ii) such other Official
    Email as has been entered into our Online System, or (iii) by posting a notice on our Online System. . You agree to notify
    us promptly of any changes in your address. Our notices to you shall be made by (i) email to the Official Email address listed
    on Cover Page, (ii) such other Official Email as has been entered into our Online System, or (iii) by posting a notice on
    our Online System. 
	 	 
	35.	CONTACTING
    BUYERS. You authorize us to contact any Buyers who are account debtors under Purchased Accounts if we determine that such
    contact is necessary to obtain information about any transaction between you and such Buyer, whether or not an Event of Default
    exists. 
	 	 
	36.	LIMITATIONS
    ON LIABILITY. You acknowledge that our transaction fees and other fees for the services provided by us to you hereunder
    are very small in relation to the Purchase Price and, consequently, our willingness to provide such services is induced by
    the following limitation of liability. Therefore, in addition to any other limitations on our liability that may be provided
    elsewhere, our liability under this Agreement, whether to you or any other Person and regardless of the basis therefor, shall
    not exceed, in the aggregate, the unpaid Purchase Price reflected on your Statement of Account at the time notice of such
    breach is first given to us, in writing. Under no circumstances shall we be liable for any incidental, special, consequential,
    punitive or exemplary damages, including loss of goodwill, loss of profit, or any other losses associated therewith, whether
    we did or did not have any reason to know of a loss that may result from any general or particular requirement of yours. We
    make no other warranty, express or implied, regarding our services, and nothing contained in this Agreement will constitute
    such a warranty. We will not be liable for any failure or delay in our performance of this Agreement if such failure or delay
    arises for reasons beyond our control and without our fault or negligence. Our relationship shall be that of seller and purchaser
    of Accounts, and neither party is or shall be deemed a fiduciary of or to the other except to the extent that you will
    be deemed to owe us a fiduciary duty and serve as our trustee with respect to all payments you receive on Accounts from Buyers
    in violation of the notice of assignment provided in Section 8. 
	 	 
	37.	BANKRUPTCY.
    This Agreement shall be deemed to be one of financial accommodation and shall not be assumable in any bankruptcy case without
    our express written consent and may be suspended in the event a petition in bankruptcy is filed by or against you. 

 

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	38.	NOTICE
    TO EMPLOYEES. You acknowledge that you have fully informed each of your employees involved in maintaining Books and Records
    relating to Accounts of (i) the duty to accurately provide information pertaining to and in the submission of offering Accounts
    to us for sale and that such obligations with respect thereto are non-delegable and that each of your principals has been
    fully informed that he or she shall remain fully responsible for the accuracy of all such information delivered to us regardless
    of who is delegated the responsibility to provide us such information, and (ii) the duties imposed by this Agreement. 
	 	 
	39.	COOPERATION.
    If any Collateral includes property that requires a method of perfection different from that under Article 9 of the UCC,
    you hereby agree that we are authorized to take such action as may be required to duly perfect our Liens, and that you will
    cooperate with us in that regard. 
	 	 
	40.	DISCLOSURE
    OF IDENTITY. You agree that we may identify you as a Seller, to banks and funding or financing sources, investors, auditors,
    lawyers, and other advisors. We may include data about our transactions with you in aggregate reporting and for analytical
    purposes; however, we agree to hold specific information about you (other than your name, industry, and location), in confidence,
    except for information provided to a Person that is providing funding for you, providing credit insurance or other credit
    protection on your Buyers, auditors or other advisors reviewing our books and records, rating agencies, or where we are compelled
    to do so by Applicable Law or legal process. 
	 	 
	41.	AMENDMENTS.
    We may propose amendments or additions to this Agreement, and, if we do so, we will inform you of any such proposed change
    in a periodic statement or other notice. You will be deemed to have agreed to this change if you do not object to the same
    by written notice to us within thirty (30) days of your receipt thereof. 
	 	 
	42.	EXECUTION.
    This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which,
    taken together, shall constitute one and the same agreement. Delivery of the various documents and instruments comprising
    this Agreement may be accomplished by facsimile transmission, and such a signed facsimile transmission shall constitute a
    signed original. This Agreement may be executed electronically pursuant to the Uniform Electronic Transactions Act. 
	 	 
	43.	JURY
    TRIAL WAIVER. IN RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH MAY RESULT FROM A JURY TRIAL, THE PARTIES HERETO WAIVE
    ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (A) ARISING HEREUNDER, OR (B) IN ANY WAY CONNECTED
    WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT HERETO, IN EACH CASE WHETHER
    NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY FURTHER WAIVES ANY
    RIGHT TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT
    BE OR HAS NOT BEEN WAIVED; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION
    SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
    SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

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	44.	GOVERNING
    LAW; VENUE. This Agreement and all transactions contemplated hereunder or evidenced hereby shall be governed by, construed
    under, and enforced in accordance with the internal laws of the State of Georgia (without giving effect to its conflict of
    law rules), provided that if you are located in a state different than the State of Georgia, we shall be entitled to apply
    the internal laws of the State in which you are located (i.e., where you are incorporated, authorized to do business, or physically
    located) if such laws are more favorable to us with respect to any portion of this Agreement, including the waiver of jury
    trial provision contained in Section 43. You agree that we may elect to apply the law of such state in order to make any provision
    hereof enforceable. Either partyshall be entitled to require that any controversy or claim arising out of or relating to the
    Agreement, or any breach thereof, be settled by arbitration administered by the American Arbitration Association under its
    Commercial Arbitration Rules. The arbitration proceeding shall be conducted before one neutral arbitrator, who shall be a
    member of the State Bar of Georgia actively engaged in the practice of law for at least twenty (20) years. The arbitrator
    will have the authority to award any remedy or relief that a Georgia court could order or grant, including specific performance,
    issuance of an injunction, or imposition of sanctions for abuse or frustration of the arbitration process. The arbitrator
    shall have no authority to decide claims on a class action basis. The arbitration can decide only our or your claim and may
    not consolidate or join the claims of other Persons who may have similar claims. You and we agree that this Agreement involves
    interstate commerce and that, notwithstanding the above choice of law provisions, any arbitration shall be governed by the
    Federal Arbitration Act. 
	 	 
	45.	ADDITIONAL
    REMEDIES. Notwithstanding the foregoing, we shall be entitled to institute suit in order to obtain provisional relief
    in the form of prejudgment remedies, including replevin, self-help repossession, garnishment, attachment, foreclosure, or
    the like without being held to have waived our right to compel arbitration on all remaining issues and in such event any claim
    that you may wish to assert shall remain subject to arbitration. . 

 

Schedule
1: Remittance address to be placed on invoices

 

[*]
[Or such other remittance address as NOWaccount may specify]

 

NOWaccount
Merchant Services Agreement

 

Schedule
2: Schedule of Fees and Other Charges (Per Section 23)

 

	Immediate Payment Processing Option	 	 	 
	Base Transaction Fee for Invoices with up to “Net 30 Day” Payment Terms* Applied to Total Value of Invoice	 	 	3.00	%
	 	 	 	 	 
	Surcharge for Invoices with up to “Net 45 Day” Payment Terms* Applied to Total Value of Invoice	 	 	0.50	%
	 	 	 	 	 
	Surcharge for Invoices with up to “Net 60 Day” Payment Terms* Applied to Total Value of Invoice	 	 	1.00	%
	 	 	 	 	 
	Surcharge for Invoices with up to “Net 90 Day” Payment Terms* Applied to Total Value of Invoice	 	 	2.00	%
	 	 	 	 	 
	Surcharge for Invoices with up to “Net 120 Day” Payment Terms* 
Applied to Total Value of Invoice (special credit approval required) 
	 	 	3.00	%
	 	 	 	 	 
	Minimum
Transaction Fee Applied to Each Invoice (A transaction is a credit request followed by an invoice settlement. A credit request
alone, or a settlement without a credit request, counts as a transaction.)
 
	 	$	5	 
	 	 	 	 	 
	Surcharge for International
    Buyers (Immediate Payment and Guaranteed Payment processing options) Applied to Total Value of Invoice	 	 	1.00	%
	 	 	 	 	 
	Traditional Payment Processing Option N/A	 	 	 	 
		 	 	 	 
	Other Charges	 	 	 	 
		 	 	 	 
	ACH Payment Fee	 	 	Free 	 
	 	 	 	 	 
	Wire Transfer Fee Applied per Payment (where Client requests funds via wire transfer rather than ACH)	 	$	25	 
	 	 	 	 	 
	Exception Handling (including payments received without invoice submitted)	 	$	50	 
	 	 	 	 	 
	Annual NOW Network Membership Fee	 	$	750	 

 

*Note:
The Payment Terms are the maximum stated payment terms shown on the invoice, not

the time it takes a buyer to pay.

 

Schedule
3: Buyers from Client whose accounts may be Purchased Accounts

 

    	Page 20 of 20Exhibit
10.1

 

SUBSCRIPTION
AGREEMENT

 

Live
Oak Acquistion Corp.

774A Walker Road

Great Falls, VA 22066

 

Ladies
and Gentlemen:

 

In
connection with the proposed business combination (the “Transaction”) between Live Oak Acquistion Corp., a
Delaware corporation (the “Company”), Green Merger Corp., a Georgia corporation and a wholly-owned subsidiary
of the Company, and Meredian Holdings Group Inc., a Georgia Corporation (“Target”), pursuant to the Transaction
Agreement (as defined below), Subscriber desires to subscribe for and purchase from the Company, and the Company desires to sell
to Subscriber, that number of shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class
A Common Stock”), set forth on the signature page hereof for a purchase price of $10.00 per share (the “Per
Share Price” and the aggregate of such Per Share Price for all Shares subscribed for by the undersigned being referred
to herein as the “Purchase Price”), on the terms and subject to the conditions contained herein (this agreement,
this “Subscription Agreement”). In connection with the Transaction, certain other “qualified institutional
buyers” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”))
and certain other institutional “accredited investors” (as defined in Rule 501(a) under the Securities Act) have
entered into separate subscription agreements with the Company in substantially the same form as this Subscription Agreement (the
“Other Subscription Agreements”), pursuant to which such investors have, together with the undersigned pursuant
to this Subscription Agreement, agreed to purchase, severally and not jointly, an aggregate of not less than 21,000,000 shares
of Class A Common Stock at the Per Share Price (each such investor, including the undersigned, a “Subscriber”
and together, the “Subscribers”). In connection therewith, Subscriber and the Company agree as follows:

 

1.
Subscription. Subject to the immediately succeeding paragraph, Subscriber hereby irrevocably subscribes for and agrees
to purchase from the Company, and the Company hereby agrees to issue and sell to Subscriber upon payment of the Purchase Price,
such number of shares of Class A Common Stock as is set forth on the signature page of this Subscription Agreement (the “Shares”)
on the terms and subject to the conditions provided for herein (the “Subscription”). The Company hereby expressly
covenants and agrees that the Purchase Price shall be used exclusively for the Transaction and for working capital purposes of
the Company subsequent to the Transaction. Subscriber understands and agrees that the Company reserves the right to accept or
reject Subscriber’s Subscription for the Shares for any reason or for no reason, in whole or in part, at any time prior
to its acceptance by the Company, and the same shall be deemed to be accepted by the Company only when this Subscription Agreement
is signed by a duly authorized person by or on behalf of the Company; the Company may do so in counterpart form. In the event
of rejection of the entire Subscription by the Company or the termination of this Subscription Agreement in accordance with the
terms hereof, Subscriber’s payment hereunder will be returned promptly to Subscriber along with this Subscription Agreement,
and this Subscription Agreement shall have no force or effect.

 

     

     

    

 

2.
Closing. The closing of the Subscription contemplated hereby (the “Subscription Closing”) is contingent
upon the substantially concurrent consummation of the Transaction (the “Transaction Closing”). The Subscription
Closing shall occur on the date of, and immediately prior to or substantially concurrently with, the consummation of the Transaction
Closing (the “Transaction Closing Date”). Not less than five (5) business days prior to the scheduled Transaction
Closing Date, the Company shall provide written notice to Subscriber (the “Closing Notice”) (i) of such scheduled
Transaction Closing Date, (ii) that the Company reasonably expects all conditions to the closing of the Transaction to be satisfied
or waived and (iii) containing wire instructions for the payment of the Purchase Price. Subscriber shall deliver to the Company,
at least one (1) business day prior to the Transaction Closing Date specified in the Closing Notice, the Purchase Price, to be
held in escrow until the Subscription Closing, by wire transfer of United States dollars in immediately available funds to the
account specified by the Company in the Closing Notice . On the Transaction Closing Date, the Company shall confirm to Subscriber
in writing (it being understood that an email confirmation is sufficient) that all conditions to the closing of the Transaction
have been satisfied or waived and deliver to Subscriber against (and concurrently with) delivery by the Company to Subscriber
of (i) the Shares in book-entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under
state or federal securities laws or as set forth herein), in the name of Subscriber (or its nominee in accordance with its delivery
instructions) or to a custodian designated by Subscriber, as applicable, and (ii) a copy of the records of the Company’s
transfer agent (the “Transfer Agent”) showing Subscriber (or such nominee or custodian) as the owner of the
Shares on and as of the Transaction Closing Date. For purposes of this Subscription Agreement, “business day” shall
mean any day other than Saturday, Sunday or such other days on which banks located in New York, New York are required or authorized
by applicable law to be closed for business. Upon delivery of the Shares to Subscriber (or its nominee or custodian, if applicable),
the Purchase Price may be released by the Company from escrow.

 

If
the Transaction Closing does not occur within one (1) business day of the Transaction Closing Date specified in the Closing Notice,
the Company shall promptly (but not later than one (1) business day thereafter) return the Purchase Price to Subscriber by wire
transfer of U.S. dollars in immediately available funds to the account specified by Subscriber. Furthermore, if the Transaction
Closing does not occur on the same day as the Subscription Closing, the Company shall promptly (but not later than one (1) business
day thereafter) return the Purchase Price to Subscriber by wire transfer of U.S. dollars in immediately available funds to the
account specified by Subscriber, and any book-entries shall be deemed cancelled.

 

Each
book entry for the Shares shall contain a notation, and each certificate (if any) evidencing the Shares shall be stamped or otherwise
imprinted with a legend, in substantially the following form:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
THEREFROM.

 

    2

     

    

 

If
this Subscription Agreement terminates for any reason following the delivery by Subscriber of the Purchase Price for the Shares,
the Company shall promptly (but not later than one (1) business day thereafter) return the Purchase Price to Subscriber by wire
transfer of U.S. dollars in immediately available funds to the account specified by Subscriber, without any deduction for or on
account of any tax, withholding, charges, or set-off, whether or not the Transaction Closing shall have occurred.

 

3.
Closing Conditions.

 

a.
The obligations of the Company to consummate the transactions contemplated hereunder are subject to the satisfaction (or valid
waiver by the Company in writing) of the conditions that, at the Subscription Closing:

 

		i	all
representations and warranties of Subscriber contained in this Subscription Agreement shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality or Material Adverse Effect (as defined
herein), which representations and warranties shall be true and correct in all respects) at and as of the Subscription Closing,
and consummation of the Subscription Closing shall constitute a reaffirmation by Subscriber of each of the representations, warranties
and agreements of such party contained in this Subscription Agreement as of the Subscription Closing; and

 

		ii	Subscriber
shall have performed or complied in all material respects with all agreements and covenants required by this Subscription Agreement
required to be performed or complied with at or prior to the Subscription Closing.

 

b.
The obligations of Subscriber to consummate the transactions contemplated hereunder are subject to the satisfaction (or valid
waiver by Subscriber in writing) of the conditions that, at the Subscription Closing:

 

		i	all
representations and warranties of the Company contained in this Subscription Agreement shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality or Material Adverse Effect (as defined
herein), which representations and warranties shall be true and correct in all respects) at and as of the Subscription Closing,
and consummation of the Subscription Closing shall constitute a reaffirmation by the Company of each of the representations, warranties
and agreements of such party contained in this Subscription Agreement as of the Subscription Closing;

 

		ii	the
Company shall have performed or complied in all material respects with all agreements and covenants required by this Subscription
Agreement required to be performed or complied with at or prior to the Subscription Closing;

 

    3

     

    

 

		iii	the
Transaction Agreement shall not have been terminated, rescinded or rendered invalid, illegal or unenforceable by law or otherwise
without the Transaction being consummated, and the terms of the Transaction Agreement shall not have been amended or modified
in a manner that is materially adverse to Subscriber as a stockholder of the Company, including, without limitation, any amendment,
modification or waiver of any material representation or covenant of the Company or Target relating to the financial position
or outstanding indebtedness of the Company, in each case, without Subscriber’s prior written consent (not to be unreasonably
withheld, conditioned or delayed); and

 

		iv	other
than the Other Subscription Agreements, the Company shall not have entered into any side letter or similar agreement with any
Subscriber in connection with such Subscriber’s direct or indirect investment in the Company, and such Other Subscription
Agreements shall not have been amended in any material respect following the date of this Subscription Agreement and shall reflect
the same Per Share Price and terms that are no more favorable in any material respect to such Subscriber thereunder than the terms
of this Subscription Agreement.

 

c.
The obligations of each of the Company and Subscriber to consummate the transactions contemplated hereunder are subject to the
satisfaction (or waiver by the Company and Subscriber in writing) of the conditions that, at the Subscription Closing:

 

		i	no
governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions
contemplated hereby illegal or otherwise prohibiting consummation of the transactions contemplated hereby, and no governmental
authority shall have instituted or threatened in writing a proceeding seeking to impose any such prohibition; and

 

		ii	all
conditions precedent to the closing of the Transaction, including the approval of the Company’s stockholders, shall have
been satisfied or waived (other than those conditions which, by their nature, are to be satisfied at the closing of the Transaction).

 

4.
IRS Form W-9; Further Assurances. At or prior to the Subscription Closing, Subscriber shall provide the Company with a
properly completed and duly executed IRS Form W-9 or applicable IRS Form W-8, as appropriate. At or prior to the Subscription
Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions as the parties
hereto mutually and reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated
by this Subscription Agreement.

 

    4

     

    

 

5.
Company Representations and Warranties. The Company represents and warrants to Subscriber that:

 

a.
The Company has been duly incorporated, is validly existing and is in good standing under the laws of the State of Delaware, with
the requisite corporate power and authority to own, lease and operate its properties and conduct its business as presently conducted
and to enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.
The Shares have been duly authorized and, when issued and delivered to Subscriber against full payment therefor in accordance
with the terms of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable and will not have
been issued in violation of or subject to any preemptive or similar rights created under the Company’s Third Amended and
Restated Certificate of Incorporation or under the laws of the State of Delaware.

 

c.
The Shares are not, and following the Transaction Closing and the Subscription Closing will not be, subject to any Transfer Restriction.
The term “Transfer Restriction” means any condition to or restriction on the ability of Subscriber to pledge,
sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company,
but excluding the restrictions on transfer described in Section 6(f) of this Subscription Agreement with respect to the
status of the Shares as “restricted securities” pending their registration for resale under the Securities Act in
accordance with the terms of this Subscription Agreement.

 

d.
This Subscription Agreement has been duly authorized, executed and delivered by the Company and is the valid and legally binding
obligation of and enforceable against the Company in accordance with its terms, except as may be limited or otherwise affected
by means limitations on enforcement and other remedies imposed by or arising under or in connection with applicable bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium, and other similar laws relating to or affecting creditors’
rights generally from time to time in effect or general principles of equity (including concepts of materiality, reasonableness,
good faith, and fair dealing with respect to those jurisdictions that recognize such concepts) (the “Enforceability Limitations”).

 

e.
The execution, delivery and performance of this Subscription Agreement, the issuance and sale of the Shares and the compliance
by the Company with all of the provisions of this Subscription Agreement and the consummation of the transactions contemplated
hereby will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Company
pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument
to which the Company is a party or by which the Company is bound or to which any of the property or assets of the Company is subject,
which would reasonably be expected to have a material adverse effect on the business, properties, financial condition, stockholders’
equity or results of operations of the Company or affect the validity of the Shares or the legal authority of the Company to comply
in all material respects with the terms of this Subscription Agreement (a “Material Adverse Effect”); (ii)
the provisions of the organizational documents of the Company; or (iii) any statute or any judgment, order, rule or regulation
of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties
that would have a Material Adverse Effect.

 

    5

     

    

 

f.
The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other
person in connection with the execution, delivery and performance of this Subscription Agreement (including, without limitation,
the issuance of the Shares), other than (i) filings with the Securities and Exchange Commission (the “Commission”),
(ii) filings required by applicable state securities laws, (iii) filings required by The New York Stock Exchange (“NYSE”),
including with respect to obtaining Company stockholder approval, (iv) consents, waivers, authorizations or filings that have
been obtained or made on or prior to the Subscription Closing, and (v) where the failure of which to obtain would not be reasonably
likely to have a Material Adverse Effect or have a material adverse effect on the Company’s ability to consummate the transactions
contemplated hereby, including the issuance and sale of the Shares.

 

g.
The Company is in compliance with all applicable law, except where such non-compliance would not be reasonably likely to have
a Material Adverse Effect. The Company has not received any written, or to its knowledge, other communication from a governmental
entity that alleges that the Company is not in compliance with or is in default or violation of any applicable law, except where
such non-compliance, default or violation would not be reasonably likely to have, individually or in the aggregate, a Material
Adverse Effect.

 

h.
The issued and outstanding shares of Class A Common Stock of the Company are registered pursuant to Section 12(b) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are listed for trading on NYSE under
the symbol “LOAK” (it being understood that the trading symbol will be changed in connection with the Transaction
Closing). Except as disclosed in the Company’s filings with the Commission, there is no suit, action, proceeding or investigation
pending or, to the knowledge of the Company, threatened against the Company by NYSE or the Commission, respectively, to prohibit
or terminate the listing of the Company’s Class A Common Stock on NYSE or to deregister the Class A Common Stock under the
Exchange Act. The Company has taken no action that is designed to terminate the registration of the Class A Common Stock under
the Exchange Act.

 

i.
Assuming the accuracy of Subscriber’s representations and warranties set forth in Section 6 of this Subscription
Agreement, no registration under the Securities Act is required for the offer and sale of the Shares by the Company to Subscriber.

 

    6

     

    

 

j.
A copy of each form, report, statement, schedule, prospectus, proxy, registration statement and other document, if any, filed
by the Company with the Commission since its initial registration of the Class A Common Stock under the Exchange Act (the “SEC
Documents”) is available to Subscriber via the Commission’s EDGAR system. None of the SEC Documents contained,
when filed or, if amended, as of the date of such amendment with respect to those disclosures that are amended, any untrue statement
of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided, that with respect to the information
about the Company’s affiliates contained in the Schedule 14A and related proxy materials (or other SEC Document) to
be filed by the Company, the representation and warranty in this sentence is made to the Company’s knowledge. The Company
has timely filed each report, statement, schedule, prospectus, and registration statement that the Company was required to file
with the Commission since its initial registration of the Class A Common Stock under the Exchange Act. There are no material outstanding
or unresolved comments in comment letters from the staff of the Division of Corporation Finance (the “Staff”)
of the Commission with respect to any of the SEC Documents.

 

k.
The authorized capital stock of the Company consists of (i) 110,000,000 shares of the Company’s common stock, par value
$0.0001 per share, with (A) 100,000,000 shares being designated as Class A Common Stock and (B) 10,000,000 shares being designated
as Class B Common Stock (“Class B Common Stock”), and (ii) 1,000,000 shares of preferred stock, par value
$0.0001 per share (“Preferred Stock”). As of the date of this Subscription Agreement, (i) 20,000,000 shares
of Class A Common Stock and 5,000,000 shares of Class B Common Stock are issued and outstanding, all of which are validly issued,
fully paid and non-assessable and not subject to any preemptive rights, (ii) no shares of the Company’s common stock
are held in the treasury of the Company, (iii) 6,000,000 private placement warrants (the “Private Placement Warrants”)
are issued and outstanding and 6,000,000 shares of Class A Common Stock are issuable in respect of such Private Placement Warrants,
and (iv) 10,000,000 public warrants (the “Public Warrants”) are issued and outstanding and 10,000,000
shares of Class A Common Stock are issuable in respect of such Public Warrants. As of the date of this Subscription Agreement,
there are no shares of Preferred Stock issued and outstanding. Each Private Placement Warrant and Public Warrant is exercisable
for one share of Class A Common Stock at an exercise price of $11.50. As of the date hereof, the Company has no subsidiaries and
does not own, directly or indirectly, interests or investments (whether equity or debt) in any person, whether incorporated or
unincorporated.

 

l.
There is no (i) action, suit, claim or other proceeding, in each case by or before any governmental authority pending, or, to
the knowledge of the Company, threatened against the Company or (ii) judgment, decree, injunction, ruling or order of any
governmental entity or arbitrator outstanding against the Company.

 

m.
The Company has provided Subscriber an opportunity to ask questions regarding the Company and made available to Subscriber all
the information reasonably available to the Company that Subscriber has reasonably requested to make an investment decision with
respect to the Shares.

 

    7

     

    

 

n.
Neither the Company, nor any person acting on its behalf has, directly or indirectly, made any offers or sales of any Company
security or solicited any offers to buy any security under circumstances that would adversely affect reliance by the Company on
Section 4(a)(2) of the Securities Act for the exemption from registration for the transactions contemplated hereby or would require
registration of the issuance of the Shares under the Securities Act.

 

o.
No Disqualification Event (as defined below) is applicable to the Company or, to the Company’s knowledge, any Company Covered
Person (as defined below), except for a Disqualification Event as to which Rule 506(d)(2)(ii)-(iv) or (d)(3) under the Securities
Act is applicable. The Company has complied, to the extent applicable, with any disclosure obligations under Rule 506(e) under
the Securities Act. “Company Covered Person” means, with respect to the Company as an “issuer”
for purposes of Rule 506 under the Securities Act, any person listed in the first paragraph of Rule 506(d)(1) under the Securities
Act.

 

p.
Other than the Other Subscription Agreements, the Company has not entered into any side letter or similar agreement with any Subscriber
in connection with such Subscriber’s direct or indirect investment in the Company, and no Other Subscription Agreement includes
terms and conditions that are materially more advantageous to any such Other Subscriber than Subscriber hereunder. The Other Subscription
Agreements have not been amended in any material respect following the date of this Subscription Agreement and reflect the same
Purchase Price and terms that are no more favorable in any material respect to such Subscriber thereunder than the terms of this
Subscription Agreement. The Company has not agreed and will not agree to issue any warrants to any person in connection with the
Transaction.

 

6.
Subscriber Representations and Warranties. Subscriber represents and warrants to the Company that:

 

a.
Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of
incorporation or formation, with power and authority to enter into, deliver and perform its obligations under this Subscription
Agreement.

 

b.
This Subscription Agreement has been duly authorized, validly executed and delivered by Subscriber. This Subscription Agreement
is enforceable against Subscriber in accordance with its terms, except as may be limited or otherwise affected by the Enforceability
Limitations.

 

    8

     

    

 

c.
The execution, delivery and performance by Subscriber of this Subscription Agreement and the consummation of the transactions
contemplated herein do not and will not (i) conflict with or result in a breach or violation of any of the terms or provisions
of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the
property or assets of Subscriber or any of its subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan
agreement, lease, license or other agreement or instrument to which Subscriber or any of its subsidiaries is a party or by which
Subscriber or any of its subsidiaries is bound or to which any of the property or assets of Subscriber or any of its subsidiaries
is subject, which would reasonably be expected to prevent or delay Subscriber’s timely performance of its obligations under
this Subscription Agreement (a “Subscriber Material Adverse Effect”), (ii) if Subscriber is not an individual,
result in any violation of the provisions of the organizational documents of Subscriber or any of its subsidiaries or (iii) result
in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic
or foreign, having jurisdiction over Subscriber or any of its subsidiaries or any of their respective properties that would reasonably
be expected to have a Subscriber Material Adverse Effect.

 

d.
Subscriber is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or (ii) an
institutional “accredited investor” (within the meaning of Rule 501(a) under the Securities Act), in each case,
satisfying the requirements set forth on Schedule A hereto, and is acquiring the Shares only for its own account and
not for the account of others, and not on behalf of any other account or person or with a view to, or for offer or sale in connection
with, any distribution thereof in violation of the Securities Act (and shall provide the requested information on Schedule A
hereto following the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the
Shares.

 

e.
Subscriber (i) is an institutional account as defined in FINRA Rule 4512(c), (ii) is a sophisticated investor, experienced
in investing in private equity transactions and capable of evaluating investment risks independently, both in general and with
regard to all transactions and investment strategies involving a security or securities and (iii) has exercised independent judgment
in evaluating its participation in the purchase of the Shares.

 

f.
Subscriber understands that the Shares are being offered in a transaction not involving any public offering within the meaning
of the Securities Act and that the Shares have not been registered under the Securities Act. Subscriber understands that the Shares
may not be resold, transferred, pledged or otherwise disposed of by Subscriber absent an effective registration statement under
the Securities Act, except (i) to the Company or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that
occur outside the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable
exemption from the registration requirements of the Securities Act, and, in each of cases (i) and (iii), in accordance with any
applicable securities laws of the states and other jurisdictions of the United States, and that any certificates or book-entry
positions representing the Shares shall contain a legend to such effect. Subscriber acknowledges that the Shares will not be eligible
for resale pursuant to Rule 144A promulgated under the Securities Act. Subscriber understands and agrees that the Shares
will be subject to the foregoing transfer restrictions and, as a result of these transfer restrictions, Subscriber may not be
able to readily resell the Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite
period of time. Subscriber understands that it has been advised to consult legal counsel prior to making any offer, resale, pledge
or transfer of any of the Shares.

 

    9

     

    

 

g.
Subscriber understands and agrees that Subscriber is purchasing the Shares directly from the Company. Subscriber further acknowledges
that there have been no representations, warranties, covenants and agreements made to Subscriber by the Company, its officers
or directors, or any other party to the Transaction or person or entity, expressly or by implication, other than those representations,
warranties, covenants and agreements included in this Subscription Agreement.

 

h.
Either (i) Subscriber is not a Benefit Plan Investor as contemplated by the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), or (ii) Subscriber’s acquisition and holding of the Shares will not constitute or
result in a non-exempt prohibited transaction under Section 406 of ERISA, Section 4975 of the Internal Revenue Code
of 1986, as amended, or any applicable similar law.

 

i.
In making its decision to purchase the Shares, Subscriber represents that it has relied solely upon independent investigation
made by Subscriber. Without limiting the generality of the foregoing, Subscriber has not relied on any statements or other information
provided by anyone other than the Company concerning the Company, the Target or the Shares or the offer and sale of the Shares.
Subscriber acknowledges and agrees that Subscriber has received and has had an adequate opportunity to review, such financial
and other information as Subscriber deems necessary in order to make an investment decision with respect to the Shares, including
with respect to the Company, the Target and the Transactions and made its own assessment and is satisfied concerning the relevant
tax and other economic considerations relevant to the Subscriber’s investment in the Shares. Subscriber acknowledges that
it has reviewed the documents made available to the Subscriber by the Company. Subscriber represents and agrees that Subscriber
and Subscriber’s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers
and obtain such information as Subscriber and such Subscriber’s professional advisor(s), if any, have deemed necessary to
make an investment decision with respect to the Shares. Subscriber acknowledges that the Placement Agent (as defined below) and
its directors, officers, employees, representatives and controlling persons have made no independent investigation with respect
to the Company, the Target or the Shares or the accuracy, completeness or adequacy of any information supplied to the Subscriber
by the Company or the Target. Subscriber acknowledges that (i) it has not relied on any statements or other information provided
by the Placement Agent or any of the Placement Agent’s affiliates with respect to its decision to invest in the Shares,
including information related to the Company, the Target, the Shares and the offer and sale of the Shares, and (ii) neither the
Placement Agent nor any of its affiliates have prepared any disclosure or offering document in connection with the offer and sale
of the Shares. Subscriber further acknowledges that the information provided to Subscriber is preliminary and subject to change,
and that any changes to such information, including, without limitation, any changes based on updated information or changes in
terms of the Transaction, shall in no way affect the Subscriber’s obligation to purchase the Shares hereunder.

 

    10

     

    

 

j.
Subscriber became aware of this offering of the Shares solely by means of direct contact between Subscriber and the Company or
a representative of the Company or the Placement Agent on behalf of the Company, and the Shares were offered to Subscriber solely
by direct contact between Subscriber and the Company or a representative of the Company. Subscriber did not become aware of this
offering of the Shares, nor were the Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Company
represents and warrants that the Shares (i) were not offered by any form of general solicitation or general advertising, including
methods described in section 502(c) of Regulation D under the Securities and (ii) are not being offered in a manner involving
a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

 

k.
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares.
Subscriber is able to fend for himself, herself or itself in the transactions completed herein, has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares and has the
ability to bear the economic risks of such investment in the Shares and can afford a complete loss of such investment. Subscriber
has sought such accounting, legal and tax advice as Subscriber has considered necessary to make an informed investment decision.
Subscriber understands and acknowledges that the purchase and sale of the Shares hereunder meets (i) the exemptions from filing
under FINRA Rule 5123(b)(1)(A) and (ii) the institutional customer exemption under FINRA Rule 2111(b).

 

l.
In making its decision to purchase the Shares, Subscriber has relied solely upon independent investigation made by Subscriber
and the representations, warranties and covenants contained herein. Without limiting the generality of the foregoing, Subscriber
has not relied on any statements or other information provided by the Placement Agent concerning the Company or the Shares or
the offer and sale of the Shares.

 

m.
Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the
Shares or made any findings or determination as to the fairness of this investment.

 

n.
Neither the due diligence investigation conducted by Subscriber in connection with making its decision to acquire the Shares nor
any representations and warranties made by Subscriber herein shall modify, amend or affect Subscriber’s right to rely on
the truth, accuracy and completeness of the Company’s representations and warranties contained herein.

 

o.
Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered
by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order
issued by the President of the United States and administered by OFAC (“OFAC List”), or a person or entity
prohibited by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R.
Part 515, or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (collectively, a “Prohibited
Investor”). Subscriber agrees to provide law enforcement agencies, if requested thereby, such records as required by
applicable law, provided that Subscriber is permitted to do so under applicable law. If Subscriber is a financial institution
subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT
Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT
Act”), Subscriber maintains policies and procedures reasonably designed to comply with applicable obligations under
the BSA/PATRIOT Act. To the extent required, it maintains policies and procedures reasonably designed for the screening of its
investors against the OFAC sanctions programs, including the OFAC List. To the extent required, it maintains policies and procedures
reasonably designed to ensure that the funds held by Subscriber and used to purchase the Shares were legally derived.

 

    11

     

    

 

p.
No disclosure or offering document has been prepared by Jefferies LLC (the “Placement Agent”) or any of their
respective affiliates in connection with the offer and sale of the Shares.

 

q.
The Placement Agent and its directors, officers, employees, representatives and controlling persons have made no independent investigation
with respect to the Company or the Shares or the accuracy, completeness or adequacy of any information supplied to Subscriber
by the Company. In connection with the issue and purchase of the Shares, the Placement Agent has not acted as Subscriber’s
financial advisor or fiduciary.

 

r.
Subscriber has or has enforceable commitments to have, and at least one (1) business day prior to the Transaction Closing Date
will have, sufficient funds to pay the Purchase Price and consummate the Subscription Closing when required pursuant to this Subscription
Agreement.

 

s.
Subscriber is not currently (and at all times through Closing will refrain from being or becoming) a member of a “group”
(within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) acting for the purpose
of acquiring, holding or disposing of equity securities of the Issuer (within the meaning of Rule 13d-5(b)(1) under the Exchange
Act), other than a group consisting solely of Subscriber and other entities under common control.

 

t.
Subscriber represents that no disqualifying event described in Rule 506(d)(1)(i)-(viii) under the Securities Act (a “Disqualification
Event”) is applicable to Subscriber or any of its Rule 506(d) Related Parties (as defined below), except, if applicable,
for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. Subscriber hereby agrees that it
shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to Subscriber or any of
its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or
(d)(3) is applicable. For purposes of this Section 2.1.18, “Rule 506(d) Related Party” shall mean a person or entity
that is a beneficial owner of Subscriber’s securities for purposes of Rule 506(d) under the Securities Act.

 

    12

     

    

 

7.
Registration Rights.

 

a.
The Company agrees that it will, within thirty (30) calendar days after the consummation of the Transaction Closing Date (the
“Filing Deadline”), file with the Commission (at the Company’s sole cost and expense) a registration
statement (the “Registration Statement”) registering under the Securities Act the resale of all the Shares,
and the Company shall use its commercially reasonable efforts to have the Registration Statement declared effective as soon as
practicable after the filing thereof, but no later than the earlier of (i) the 60th calendar day (or 120th
calendar day if the Commission notifies the Company that it will “review” the Registration Statement) following the
Filing Deadline and (ii) the 10th business day after the date the Company is notified (orally or in writing, whichever is earlier)
by the Commission that the Registration Statement will not be “reviewed” or will not be subject to further review
(such earlier date, the “Effectiveness Date”); provided, however, that the Company’s obligations
to include the Shares in the Registration Statement are contingent upon Subscriber furnishing in writing to the Company such information
regarding Subscriber, the securities of the Company held by Subscriber and the intended method of disposition of the Shares as
shall be reasonably requested by the Company to effect the registration of the Shares, and shall execute such documents in connection
with such registration as the Company may reasonably request that are customary of a selling stockholder in similar situations,
including providing that the Issuer shall be entitled to postpone and suspend the effectiveness or use of the Registration Statement
during any customary blackout or similar period or as permitted hereunder; provided, further, that Subscriber shall not
in connection with the foregoing be required to execute any lock-up or similar agreement or otherwise be subject to any contractual
restriction on the ability to transfer the Shares. The Company will provide a draft of the Registration Statement to the Subscriber
for review at least two (2) business days in advance of filing the Registration Statement. In no event shall the Subscriber be
identified as a statutory underwriter in the Registration Statement unless requested by the Commission; provided,
that if the Commission requests that the Subscriber be identified as a statutory underwriter in the Registration Statement, the
Subscriber will have an opportunity to withdraw its Shares from the Registration Statement. Notwithstanding the foregoing, if
the Commission prevents the Company from including any or all of the shares of Class A Common Stock proposed to be registered
under the Registration Statement due to limitations on the use of Rule 415 under the Securities Act for the resale of the shares
of Class A Common Stock held by Subscriber or any other Subscriber or otherwise, such Registration Statement shall register for
resale such number of shares of Class A Common Stock which is equal to the maximum number of shares of Class A Common Stock as
is permitted by the Commission. In such event, the number of shares of Class A Common Stock to be registered for each selling
shareholder named in the Registration Statement shall be reduced pro rata among all such selling shareholders. In the event the
Commission informs the Company that all of such shares of Class A Common Stock cannot, as a result of the application of Rule
415, be registered for resale on the Registration Statement, the Company agrees to promptly inform Subscriber thereof and use
its commercially reasonable efforts to file amendments to the Registration Statement as required by the SEC, covering the maximum
number of shares of Class A Common Stock permitted to be registered by the SEC, on Form S-1 or such other form available to register
for resale such shares as a secondary offering. Until the earliest of (i) the date on which the Shares may be resold without volume
or manner of sale limitations pursuant to Rule 144, (ii) the date on which such Shares have actually been sold and (iii)
the date which is two years after the Subscription Closing (such date, the “End Date”), the Company will file
all reports, and provide all customary and reasonable cooperation, necessary to enable Subscriber to resell the Shares pursuant
to the Registration Statement or Rule 144 promulgated under the Securities Act (“Rule 144”), as applicable,
qualify the Shares for listing on the applicable stock exchange, update or amend the Registration Statement as necessary to include
the Shares and provide customary notice to holders of the Shares. The Company shall use its commercially reasonable efforts to
maintain the continuous effectiveness of the Registration Statement until the End Date. For purposes of clarification, any failure
by the Company to file the Registration Statement by the Filing Deadline or to have such Registration Statement declared effective
by the Effectiveness Date shall not otherwise relieve the Company of its obligations to file or effect the Registration Statement
set forth in this Section 7.

 

    13

     

    

 

b.
Notwithstanding anything to the contrary in this Subscription Agreement, the Company shall be entitled to delay or postpone the
effectiveness of the Registration Statement, and from time to time to require any Subscriber not to sell under the Registration
Statement or to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by the Company or its subsidiaries
is pending or an event has occurred, which negotiation, consummation or event, the Company’s board of directors reasonably
believes, upon the advice of legal counsel, would require additional disclosure by the Company in the Registration Statement of
material information that the Company has a bona fide business purpose for keeping confidential and the non-disclosure of which
in the Registration Statement would be expected, in the reasonable determination of the Company’s board of directors, upon
the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements (each
such circumstance, a “Suspension Event”); provided, however, that the Company may not delay or
suspend the effectiveness or use of the Registration Statement on more than one occasion or for more than forty-five (45) consecutive
calendar days in any one instance in any 12 month period. Upon receipt of any written notice from the Company of the happening
of any Suspension Event (which notice shall not contain material non-public information) during the period that the Registration
Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, each Subscriber
agrees that (i) it will immediately discontinue offers and sales of the Shares under the Registration Statement (excluding, for
the avoidance of doubt, sales conducted pursuant to Rule 144) until such Subscriber receives copies of a supplemental or
amended prospectus (which the Company agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to
above and receives notice that any post-effective amendment has become effective or unless otherwise notified by the Company that
it may resume such offers and sales, and (ii) it will maintain the confidentiality of any information included in such written
notice delivered by the Company unless otherwise required by law or subpoena. If so directed by the Company, each Subscriber will
deliver to the Company or, in such Subscriber’s sole discretion destroy, all copies of the prospectus covering the Shares
in such Subscriber’s possession; provided, however, that this obligation to deliver or destroy all copies
of the prospectus covering the Shares shall not apply (i) to the extent such Subscriber is required to retain a copy of such prospectus
(a) in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (b) in accordance with
a bona fide pre-existing document retention policy or (ii) to copies stored electronically on archival servers as a result of
automatic data back-up.

 

    14

     

    

 

c.
Subscriber may deliver written notice (an “Opt-Out Notice”) to the Company requesting that Subscriber not receive
notices from the Company otherwise required by this Section 7; provided, however, that Subscriber may later revoke any
such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from Subscriber (unless subsequently revoked), the Company
shall not deliver any such notices to Subscriber and Subscriber shall no longer be entitled to the rights associated with any
such notice.

 

d.
The Company shall, notwithstanding any termination of this Subscription Agreement, indemnify, defend and hold harmless each Subscriber
(to the extent a seller under the Registration Statement), the officers, directors, employees and agents of each of them, and
each person who controls such Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) to the fullest extent permitted by applicable law, from and against any and all out-of-pocket losses, claims, damages,
liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively, “Losses”),
as incurred, that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the
Registration Statement, any prospectus included in the Registration Statement or any form of prospectus or in any amendment or
supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission to state
a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or form
of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation
or alleged violation by the Company of the Securities Act, Exchange Act or any state securities law or any rule or regulation
thereunder, in connection with the performance of its obligations under this Section 7, except to the extent, but
only to the extent, that such untrue statements, alleged untrue statements, omissions or alleged omissions are based upon information
regarding such Subscriber furnished in writing to the Company by such Subscriber expressly for use therein or such Subscriber
has omitted a material fact from such information or otherwise violated the Securities Act, Exchange Act or any state securities
law or any other law, rule or regulation thereunder,in each case, in connection with the registration of the Class A Common Stock;
provided, however, that the indemnification contained in this Section 7 shall not apply to amounts paid
in settlement of any Losses if such settlement is effected without the consent of the Company (which consent shall not be unreasonably
withheld, conditioned or delayed), nor shall the Company be liable for any Losses to the extent they arise out of or are based
upon a violation which occurs (A) in reliance upon and in conformity with written information furnished by a Subscriber, (B) in
connection with any failure of such person to deliver or cause to be delivered a prospectus made available by the Company in a
timely manner, (C) as a result of offers or sales effected by or on behalf of any person by means of a “free writing prospectus”
(as defined in Rule 405 under the Securities Act) that was not authorized in writing by the Company, or (D) in connection
with any offers or sales effected by or on behalf of a Subscriber in violation of Section 7(d) hereof. The Company
shall notify such Subscriber promptly of the institution, threat or assertion of any proceeding arising from or in connection
with the transactions contemplated by this Section 7 of which the Company is aware. Such indemnity shall remain in
full force and effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer
of the Shares by such Subscriber.

 

    15

     

    

 

e.
Each Subscriber shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and
employees, and each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out
of or are based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any prospectus
included in the Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in
light of the circumstances under which they were made) not misleading to the extent, but only to the extent, that such untrue
statements or omissions are based upon information regarding such Subscriber furnished in writing to the Company by such Subscriber
expressly for use therein; provided, however, that the indemnification contained in this Section 7 shall
not apply to amounts paid in settlement of any Losses if such settlement is effected without the consent of such Subscriber (which
consent shall not be unreasonably withheld, conditioned or delayed). Notwithstanding anything to the contrary herein, in no event
shall the liability of any Subscriber be greater in amount than the dollar amount of the net proceeds received by such Subscriber
upon the sale of the Shares giving rise to such indemnification obligation. Each Subscriber shall notify the Company promptly
of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by
this Section 7 of which such Subscriber is aware. Such indemnity shall remain in full force and effect regardless
of any investigation made by or on behalf of an indemnified party and shall survive the transfer of the Shares by such Subscriber.

 

f.
If the indemnification provided under this Section 7 from the indemnifying party is unavailable or insufficient to hold
harmless an indemnified party in respect of any Losses referred to herein, then the indemnifying party, in lieu of indemnifying
the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such Losses in such
proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party, as well as any
other relevant equitable considerations. The relative fault of the indemnifying party and indemnified party shall be determined
by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material
fact or omission or alleged omission to state a material fact, was made by, or relates to information supplied by, such indemnifying
party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent, knowledge, access
to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Losses
or other liabilities referred to above shall be deemed to include, subject to the limitations set forth in Sections 7(d)
and 7(e) above, any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation
or proceeding. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall
be entitled to contribution pursuant to this Section 7(f) from any person who was not guilty of such fraudulent misrepresentation.

 

    16

     

    

 

8.
Termination. Except for the provisions of Sections 8 through 10, which shall survive any termination hereunder,
this Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of
the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earliest
to occur of (a) such time as the Company notifies Subscriber in writing, or publicly discloses, that it does not intend to consummate
the Transaction, (b) following the execution of a definitive agreement among the Company and Target with respect to the Transaction
(in the form provided to Subscriber, the “Transaction Agreement”), such date and time as such Transaction Agreement
is terminated in accordance with its terms, rescinded, or rendered invalid, illegal or unenforceable by law or otherwise, without
the Transaction being consummated, (c) upon the mutual written agreement of each of the parties hereto to terminate this Subscription
Agreement, (d) if any of the conditions to the Subscription Closing set forth in Section 3 of this Subscription Agreement
are not satisfied or waived on or prior to the Subscription Closing and, as a result thereof, the transactions contemplated by
this Subscription Agreement are not consummated at the Subscription Closing, or (e) if the consummation of the Transaction shall
not have occurred by the earlier of (x) the 10th business day after the anticipated Transaction Closing Date specified in the
Closing Notice, or (y) March 31, 2021; provided that, subject to the limitations set forth in Section 9, nothing
herein will relieve any party hereto from liability for any willful breach hereof prior to the time of termination, and each party
hereto will be entitled to any remedies at law or in equity to recover out-of-pocket losses, liabilities or damages arising from
such breach. The Company shall promptly notify Subscriber of the termination of the Transaction Agreement promptly after the termination
of such Transaction Agreement. For the avoidance of doubt, if any termination hereof occurs after the delivery by Subscriber of
the Purchase Price for the Shares, the Company shall promptly (but not later than one (1) business day thereafter) return the
Purchase Price to Subscriber without any deduction for or on account of any tax, withholding, charges, or set-off.

 

9.
Trust Account Waiver. Subscriber acknowledges that the Company is a blank check company with the powers and privileges
to effect a merger, asset acquisition, reorganization or similar business combination involving the Company and one or more businesses
or assets. Subscriber further acknowledges that, as described in the Company’s prospectus relating to its initial public
offering dated May 5, 2020 (the “Prospectus”) available at www.sec.gov, substantially all of the Company’s
assets consist of the cash proceeds of the Company’s initial public offering and private placements of its securities, and
substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit
of the Company, its public stockholders and the underwriters of the Company’s initial public offering. For and in consideration
of the Company entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, Subscriber
hereby irrevocably waives any and all right, title and interest, or any claim of any kind it has or may have in the future, in
or to any monies held in the Trust Account, and agrees not to seek recourse against the Trust Account, in each case, as a result
of, or arising out of, this Subscription Agreement; provided that nothing in this Section 9 shall be deemed
to limit Subscriber’s right, title, interest or claim to the Trust Account by virtue of Subscriber’s record or beneficial
ownership of shares of Class A Common Stock of the Company acquired by any means other than pursuant to this Subscription Agreement.

 

    17

     

    

 

10.
Miscellaneous.

 

a.
The Company shall, no later than 9:00 a.m., New York City time, on the first (1st) business day immediately following the date
this Subscription Agreement is accepted by the Company as set forth on the Company’s signature page hereto, issue one or
more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”)
disclosing all material terms of the transactions contemplated hereby, the Transaction and any other material, nonpublic information
that the Company has provided to the undersigned at any time prior to the filing of the Disclosure Document. From and after the
issuance of the Disclosure Document, the undersigned shall not be in possession of any material, non-public information received
from the Company or any of its officers, directors or employees. Notwithstanding anything in this Subscription Agreement to the
contrary, each party hereto acknowledges and agrees that without the prior written consent of the other party hereto it will not
publicly make reference to such other party or any of its affiliates (i) in connection with the Transaction or this Subscription
Agreement (provided that the Subscriber may disclose its entry into this Subscription Agreement and the Purchase Price) or (ii)
in any promotional materials, media, or similar circumstances, except, in each case, as required by law or regulation or at the
request of the Staff of the Commission or regulatory agency or under the regulations of the NYSE, including, in the case of the
Company (a) as required by the federal securities law in connection with the Registration Statement, (b) the filing of this Subscription
Agreement (or a form of this Subscription Agreement) with the Commission and (c) the filing of the Registration Statement on Form
S-4 and Schedule 14A and related materials to be filed by the Company with respect to the Transaction.

 

b.
Neither this Subscription Agreement nor any rights that may accrue to Subscriber hereunder (other than the Shares acquired hereunder,
if any) may be transferred or assigned.

 

c.
The Company may request from Subscriber such additional information as the Company may reasonably deem necessary to evaluate the
eligibility of Subscriber to acquire the Shares, and Subscriber shall provide such information as may reasonably be requested,
to the extent readily available and to the extent consistent with its internal policies and procedures; provided that the Company
agrees to keep confidential any such information provided by Subscriber and identified as confidential, except as may be required
under applicable law.

 

    18

     

    

 

d.
Subscriber acknowledges that the Company and the Placement Agent will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement. Each of the Company and Subscriber further acknowledges
that the Placement Agent shall be entitled to rely on the representations and warranties contained in Section 5 and Section
6, respectively, of this Subscription Agreement. Prior to the Subscription Closing, each party hereto agrees to promptly notify
the other party hereto if any of the acknowledgments, understandings, agreements, representations and warranties of such party
set forth herein are no longer accurate in all material respects. Each party agrees that each purchase by Subscriber of Shares
from the Company will constitute a reaffirmation of its own acknowledgments, understandings, agreements, representations and warranties
herein (as modified by any such notice) as of the Subscription Closing. The Company and Subscriber further acknowledge and agree
that the Placement Agent is a third-party beneficiary of the representations and warranties of the Company and Subscriber contained
in Section 5(d) and Section 6, respectively, of this Subscription Agreement.

 

e.
The Company is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement
or a copy hereof when required by law, regulatory authority or NYSE to do so in any administrative or legal proceeding or official
inquiry with respect to the matters covered hereby.

 

f.
Except if required by law or NYSE, without the prior written consent of Subscriber, the Company shall not, and shall cause its
representatives, including the Placement Agent and its representatives, not to, disclose the existence of this Subscription Agreement
or any negotiations related hereto, or to use the name of Subscriber or any information provided by Subscriber in connection herewith
in or for the purpose of any marketing activities or materials or for any similar or related purpose.

 

g.
All the agreements, representations and warranties made by each party hereto in this Subscription Agreement shall survive the
Subscription Closing.

 

h.
This Subscription Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party
against whom enforcement of such modification, waiver, or termination is sought.

 

i.
This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations
and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Except as otherwise expressly
set forth in Section 10(d) hereof, this Subscription Agreement shall not confer any rights or remedies upon any person
other than the parties hereto, and their respective successor and assigns.

 

j.
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties
hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements,
representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon,
such heirs, executors, administrators, successors, legal representatives and permitted assigns.

 

    19

     

    

 

k.
 If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue
in full force and effect.

 

l.
This Subscription Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in .pdf)
and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document.
All counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

m.
Subscriber shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated
herein.

 

n.
Any notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or telecopied,
sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall
be deemed to be given and received (a) when so delivered personally, (b) upon receipt of an appropriate electronic answerback
or confirmation when so delivered by telecopy (to such number specified below or another number or numbers as such person may
subsequently designate by notice given hereunder), (c) when sent, with no mail undeliverable or other rejection notice, if
sent by email, or (d) two (2) business days after the date of mailing to the address below or to such other address
or addresses as such person may hereafter designate by notice given hereunder:

 

	 	(i)	if
                                         to Subscriber, to such address, facsimile number or email address set forth on the signature
                                         page hereto;

         

        with
        a copy to:

        Jefferies
        LLC

        520
        Madison Avenue

        New
        York, New York 10022

        Attention: General Counsel

        and

         

        White
        & Case LLP

        1221 Avenue of the Americas

        New
        York, NY 10020

        Attention:
        Joel Rubinstein and Elliott Smith

        Email: joel.rubinstein@whitecase.com and elliott.smith@whitecase.com

  

    20

     

    

 

	 	(ii)	if
    to the Company (prior to the Transaction Closing), to:

 

Live
Oak Acquistion Corp.

774A Walker Road

Great Falls, Virginia 22066

Attention: Andrea K. Tarbox, Chief Financial Officer

Email: atarbox@liveoakacq.com

 

with
a copy to:

 

Mayer
Brown LLP

71 S. Wacker Dr.

Chicago, Illinois 60606

Attention: Edward S. Best, Esq. 

Email: ebest@mayerbrown.com

  

	 	(iii)	if
    to the Company (following the Transaction Closing), to:

 

Meredian
Holdings Group, Inc.

140
Industrial Boulevard

Bainbridge,
Georgia 39817

Attention:
Stephen E. Croskrey

Email: croskrey@danimer.com

 

with
a copy to:

 

Mayer
Brown LLP

71
S. Wacker Dr.

Chicago,
Illinois 60606

Attention:
Edward S. Best, Esq.

Email:
ebest@mayerbrown.com

 

and

 

Kane
Kessler, P.C.

666
Third Avenue

New
York, New York 10017

Attention:
Robert L. Lawrence, Esq.

Email:
rlawrence.@kanekessler.com

 

o.
The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to seek an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically
the terms and provisions of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled
at law, in equity, in contract, in tort or otherwise.

 

    21

     

    

 

p.
THIS SUBSCRIPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER STATE. EACH
PARTY HERETO HEREBY WAIVES ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS SUBSCRIPTION AGREEMENT
AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

q.
The obligations of each Subscriber under this Subscription Agreement are several and not joint with the obligations of any other
Subscriber under the Other Subscription Agreements, and no Subscriber shall be responsible in any way for the performance of the
obligations of any other Subscriber under this Subscription Agreement. The decision of Subscriber to purchase the Shares pursuant
to this Subscription Agreement has been made by Subscriber independently of any other Subscriber and independently of any information,
materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations,
condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Subscriber or by
any agent or employee of any other Subscriber, and neither Subscriber nor any of its agents or employees shall have any liability
to any other Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions.
Nothing contained herein or in any Other Subscription Agreement, and no action taken by Subscriber or any Subscriber pursuant
hereto, shall be deemed to constitute any Subscriber or any other Subscribers under the Other Subscription Agreements as a partnership,
an association, a joint venture or any other kind of entity, or create a presumption that any Subscribers are in any way acting
in concert or as a group with respect to such obligations or the transactions contemplated by the this Subscription Agreement
and the Other Subscription Agreements. Each Subscriber acknowledges that no other Subscriber has acted as agent for the Subscriber
in connection with making its investment hereunder and no other Subscriber will be acting as agent of the Subscriber in connection
with monitoring its investment in the Shares or enforcing its rights under this Subscription Agreement. Each Subscriber shall
be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Subscription
Agreement, and it shall not be necessary for any other Subscriber to be joined as an additional party in any proceeding for such
purpose.

 

[SIGNATURE
PAGES FOLLOW]

 

    22

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed or caused this Subscription Agreement to be executed by its duly authorized
representative as of the date set forth below.

 

	Name
    of Subscriber:	 	State/Country
    of Formation or Domicile:

 

	By:		 	 
	 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Title:	 	 	 

 

	Name
    in which shares are to be registered (if different):	 	Date:
    _______________, 2020
	 	 	 
	Subscriber’s
    EIN:	 	 
	 	 	 
	Business
    Address-Street:	 	Mailing
    Address-Street (if different):
	 	 	 
	City,
    State, Zip:	 	City,
    State, Zip:
	 	 	 
	Attn:__________________	 	Attn:__________________
	 	 	 
	Telephone
    No.:	 	Telephone
    No.:
	 	 	 
	Facsimile
    No.:	 	Facsimile
    No.:
	 	 	 
	Email
    Address:	 	Email
    Address:
	 	 	 
	Number
    of Shares subscribed for:	 	 
	 	 	 
	Aggregate
    Subscription Amount: $	 	Price
    Per Share: $10.00

 

You
must pay the Subscription Amount by wire transfer of United States dollars in immediately available funds to the account specified
by the Company in the Closing Notice.

 

    23

     

    

 

IN
WITNESS WHEREOF, Live Oak Acquistion Corp. has accepted this Subscription Agreement as of the date set forth below.

 

	 	Live Oak Acquistion Corp.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	           

 

Date:
____________, 2020

 

    24

     

    

 

SCHEDULE
A

 

ELIGIBILITY
REPRESENTATIONS OF THE SUBSCRIBER

 

		A.	QUALIFIED
INSTITUTIONAL BUYER STATUS

(Please check the applicable subparagraphs):

 

		1.	☐ We are a
                                                                                                                                                                  “qualified institutional buyer” (as defined in Rule 144A under the Securities Act).

 

		B.	INSTITUTIONAL
ACCREDITED INVESTOR STATUS

(Please check the applicable subparagraphs):

 

		1.	☐ We are an
                                                                                                                                                                  “accredited investor” (within the meaning of Rule 501(a) under the Securities Act), for one or more of the
                                                                                                                                                                  following reasons (Please check the applicable subparagraphs):

 

		☐	We
                                         are a bank, as defined in Section 3(a)(2) of the Securities Act or any savings and
                                         loan association or other institution as defined in Section 3(a)(5)(A) of the Securities
                                         Act, whether acting in an individual or a fiduciary capacity.

 

		☐	We
                                         are a broker or dealer registered under Section 15 of the Securities Exchange Act
                                         of 1934, as amended.

 

		☐	We
                                         are an insurance company, as defined in Section 2(13) of the Securities Act.

 

		☐	We
                                         are an investment company registered under the Investment Company Act of 1940 or a business
                                         development company, as defined in Section 2(a)(48) of that act.

 

		☐	We
                                         are a Small Business Investment Company licensed by the U.S. Small Business Administration
                                         under Section 301(c) or (d) of the Small Business Investment Act of 1958.

 

		☐	We
                                         are a plan established and maintained by a state, its political subdivisions or any agency
                                         or instrumentality of a state or its political subdivisions for the benefit of its employees,
                                         if the plan has total assets in excess of $5 million.

 

		☐	We
                                         are an employee benefit plan within the meaning of Title I of the Employee Retirement
                                         Income Security Act of 1974, if the investment decision is being made by a plan fiduciary,
                                         as defined in Section 3(21) of such act, and the plan fiduciary is either a bank,
                                         an insurance company, or a registered investment adviser, or if the employee benefit
                                         plan has total assets in excess of $5 million.

 

    25

     

    

 

		☐	We
are a private business development company, as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.

 

		☐	We
are a corporation, Massachusetts or similar business trust, or partnership, or an organization described in Section 501(c)(3)
of the Internal Revenue Code of 1986, as amended, that was not formed for the specific purpose of acquiring the Securities, and
that has total assets in excess of $5 million.

 

		☐	We
are a trust with total assets in excess of $5 million not formed for the specific purpose of acquiring the Securities, whose
purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the Securities Act.

 

		☐	We
are an entity in which all of the equity owners are accredited investors.

 

C.
AFFILIATE STATUS

(Please check the applicable box)

 

THE
SUBSCRIBER:

 

		☐	is:

 

		☐	is
not:

 

an
“affiliate” (as defined in Rule 144 under the Securities Act) of the Company or acting on behalf of an affiliate
of the Company.

 

This
page should be completed by the Subscriber and constitutes a part of the Subscription Agreement.

 

 

26

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