Document:

Exhibit 4.16

 

DESCRIPTION OF COMMON STOCK 

 

The following description summarizes the
most important terms of our common stock. Because it is only a summary, it does not contain all the information that may be important
to you. For a complete description of the matters set forth in this “Description of Common Stock,” you should refer
to our articles of incorporation, as amended, or the articles of incorporation, and amended and restated bylaws, or the bylaws,
which are included as exhibits to our Annual Report on Form 10-K, and to the applicable provisions of Nevada law. Our authorized
capital consists of 30,000,000 shares of common stock, par value $0.001 per share. Our board of directors is authorized, without
stockholder approval, except as required by the listing standards of The Nasdaq Stock Market LLC, to issue additional shares of
our capital stock.

 

Voting Rights. Each holder
of our common stock is entitled to one vote for each share on all matters submitted to a vote of the stockholders, including the
election of directors. Our stockholders do not have cumulative voting rights in the election of directors. An election of directors
by our stockholders shall be determined by a plurality of votes cast by the stockholders entitled to vote on the election.

 

Dividends. Subject to preferences
that may be applicable to any then outstanding preferred stock, holders of our common stock are entitled to receive dividends,
if any, as may be declared from time to time by the board of directors out of legally available funds.

 

Liquidation. In the event
of our liquidation, dissolution or winding up, holders of our common stock will be entitled to share ratably in the net assets
legally available for distribution to stockholders after the payment of all of our debts and other liabilities and the satisfaction
of any liquidation preference granted to the holders of any then outstanding shares of preferred stock.

 

Rights and Preferences. Holders
of common stock have no preemptive, conversion or subscription rights and there are no redemption or sinking fund provisions applicable
to the common stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely
affected by, the rights of the holders of shares of any series of preferred stock that we may designate in the future.

 

Anti-Takeover Effects of Certain Provisions of Nevada Law
and Our Articles of Incorporation and Bylaws

 

Nevada’s “combinations with
interested stockholders” statutes (NRS 78.411 through 78.444, inclusive) prohibit specified types of business “combinations”
between certain Nevada corporations and any person deemed to be an “interested stockholder” for two years after such
person first becomes an “interested stockholder” unless the corporation’s board of directors approves the combination
(or the transaction by which such person becomes an “interested stockholder”) in advance, or unless the combination
is approved by the board of directors and sixty percent of the corporation’s voting power not beneficially owned by the interested
stockholder, its affiliates and associates. Further, in the absence of prior approval certain restrictions may apply even after
such two-year period. However, these statutes do not apply to any combination of a corporation and an interested stockholder after
the expiration of four years after the person first became an interested stockholder. For purposes of these statutes, an “interested
stockholder” is any person who is (1) the beneficial owner, directly or indirectly, of ten percent or more of the voting
power of the outstanding voting shares of the corporation, or (2) an affiliate or associate of the corporation and at any time
within the two previous years was the beneficial owner, directly or indirectly, of ten percent or more of the voting power of the
then outstanding shares of the corporation. The definition of the term “combination” is sufficiently broad to cover
most significant transactions between a corporation and an “interested stockholder.” These statutes generally apply
to Nevada corporations with 200 or more stockholders of record. However, a Nevada corporation may elect in its articles of incorporation
not to be governed by these particular laws, but if such election is not made in the corporation’s original articles of incorporation,
the amendment (1) must be approved by the affirmative vote of the holders of stock representing a majority of the outstanding voting
power of the corporation not beneficially owned by interested stockholders or their affiliates and associates, and (2) is not effective
until 18 months after the vote approving the amendment and does not apply to any combination with a person who first became an
interested stockholder on or before the effective date of the amendment. We did not make such an election in our original articles
of incorporation and have not amended our articles of incorporation to so elect.

 

Nevada’s “acquisition of controlling
interest” statutes (NRS 78.378 through 78.3793, inclusive) contain provisions governing the acquisition of a controlling
interest in certain Nevada corporations. These “control share” laws provide generally that any person that acquires
a “controlling interest” in certain Nevada corporations may be denied voting rights, unless a majority of the disinterested
stockholders of the corporation elects to restore such voting rights. Our bylaws provide that these statutes do not apply to us
or any acquisition of our common stock. Absent such provision in our bylaws, these laws would apply to us as of a particular date
if we were to have 200 or more stockholders of record (at least 100 of whom have addresses in Nevada appearing on our stock ledger
at all times during the 90 days immediately preceding that date) and do business in the State of Nevada directly or through an
affiliated corporation, unless our articles of incorporation or bylaws in effect on the tenth day after the acquisition of a controlling
interest provide otherwise. These laws provide that a person acquires a “controlling interest” whenever a person acquires
shares of a subject corporation that, but for the application of these provisions of the NRS, would enable that person to exercise
(1) one fifth or more, but less than one third, (2) one third or more, but less than a majority or (3) a majority or more, of all
of the voting power of the corporation in the election of directors. Once an acquirer crosses one of these thresholds, shares which
it acquired in the transaction taking it over the threshold and within the 90 days immediately preceding the date when the acquiring
person acquired or offered to acquire a controlling interest become “control shares” to which the voting restrictions
described above apply.

 

 

 

    	 	1	 

     

    

 

NRS 78.139 also provides that directors may resist a change
or potential change in control of the corporation if the board of directors determines that the change or potential change is opposed
to or not in the best interest of the corporation upon consideration of any relevant facts, circumstances, contingencies or constituencies
pursuant to NRS 78.138(4).

 

In addition, our authorized but unissued shares of common stock
are available for our board of directors to issue without stockholder approval. We may use these additional shares for a variety
of corporate purposes, including future public or private offerings to raise additional capital, corporate acquisitions and employee
benefit plans. The existence of our authorized but unissued shares of common stock could render more difficult or discourage an
attempt to obtain control of our company by means of a proxy contest, tender offer, merger or other transaction. Our authorized
but unissued shares may be used to delay, defer or prevent a tender offer or takeover attempt that a stockholder might consider
in its best interest, including those attempts that might result in a premium over the market price for the shares held by our
stockholders. The board of directors is also authorized to adopt, amend or repeal our Bylaws, which could delay, defer or prevent
a change in control.

 

Articles of Incorporation and Bylaws

 

Certain provisions from our articles of incorporation and bylaws,
which are summarized below, could have the effect of discouraging others from attempting hostile takeovers and, as a consequence,
they might also inhibit temporary fluctuations in the market price of our common stock that often result from actual or rumored
hostile takeover attempts. These provisions might also have the effect of preventing changes in our management. It is possible
that these provisions could make it more difficult to accomplish transactions that stockholders might otherwise deem to be in their
best interests.

 

Removal of Directors. Directors may be removed
with or without cause by the holders of not less than two-thirds (2/3) of the voting power of all of our then-outstanding stock
entitled to vote generally in the election of directors (voting as a single class), excluding stock entitled to vote only upon
the happening of a fact or event unless such fact or event shall have occurred.

 

Resolutions to Change Authorized Number of Directors.
The authorized number of directors may be changed only by resolution of our board of directors.

 

Vacancies may be Filled by Directors. All vacancies,
including newly created directorships, may, except as otherwise required by law, be filled by a majority vote of the directors
then in office or by a sole remaining director, in either case though less than a quorum, and the director(s) so chosen shall hold
office for a term expiring at the next annual meeting of stockholders and when their successors are elected or appointed, at which
the term of the class to which he or she has been elected expires, or until his or her earlier resignation or removal.

 

Advance Notice Procedures. Stockholders seeking
to present proposals before a meeting of stockholders or to nominate candidates for election as directors at a meeting of stockholders
must provide advance and timely notice in writing, and also specify requirements as to the form and content of a stockholder’s
notice.

 

No Cumulative Voting Rights. Our articles of incorporation
and bylaws do not provide for cumulative voting rights (therefore allowing the holders of a majority of the shares of common stock
entitled to vote in any election of directors to elect all of the directors standing for election, if they should so choose).

 

Action by Written Consent; Special Meetings of Stockholders.
Stockholder action can only be taken at an annual or special meeting of stockholders called and noticed in the manner required
by the bylaws. The stockholders may not in any circumstance take action by written consent.

 

Authorized but Unissued Shares. Our authorized
but unissued shares of common stock will be available for future issuance without stockholder approval. These additional shares
may be utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions
and employee benefit plans. The existence of authorized but unissued shares of common stock could render more difficult or discourage
an attempt to obtain control of a majority of our common stock by means of a proxy contest, tender offer, merger or otherwise.

 

 

 

    	 	2	 

     

    

 

Exclusive Forum. To the fullest extent permitted
by law, and unless the Company consents in writing to the selection of an alternative forum, the Eighth Judicial District Court
of Clark County, Nevada, will, to the fullest extent permitted by law, be the sole and exclusive forum for each of the following:

 

		·	any derivative action or proceeding brought in the name or right of
the Company or on its behalf,
		·	any action asserting a claim for breach of any fiduciary duty owed
by any director, officer, employee or agent of the Company to the Company or the Company’s stockholders,
		·	any action arising or asserting a claim arising pursuant to any provision
of NRS Chapters 78 or 92A or any provision of our articles of incorporation or bylaws, or
		·	any action asserting a claim governed by the internal affairs doctrine,
including, without limitation, any action to interpret, apply, enforce or determine the validity of our articles of incorporation
or bylaws.

 

However, our bylaws provide that the exclusive forum provisions
do not apply to suits brought to enforce any liability or duty created by the Securities Exchange Act of 1934, as amended, or any
other claim for which the federal courts have exclusive jurisdiction. We note that there is uncertainty as to whether a court would
enforce the provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations
thereunder. Although we believe this provision benefits us by providing increased consistency in the application of Nevada law
in the types of lawsuits to which it applies, the provision may have the effect of discouraging lawsuits against our directors
and officers.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common stock is Computershare
Trust Company, N.A.

 Listing

 

Our common stock is listed on The Nasdaq Capital Market under
the symbol “AEMD”.

 

 

 

 

 

 

 

 

 

    	 	3Exhibit
10.9

 

[Set
forth below is a written description of an oral contract or arrangement as required by Item 601(b)(10) of Regulation S-K. No
written agreement, including the Payee Direct Products and Services Agreement, has been executed by the parties regarding
the matters described herein.]

 

Qwil
Payee Direct Products and Services Order Form

 

	Prepared
For
	 	Billing
    Contact Information
	Company
    Name (“Customer”)	Recruiter.com
    Group, Inc.	 	Account
    Number	 
	Name	Miles
    Jennings	 	Billing
    Contact	 
	Email		 	Billing
    Contact Email	 
	Phone	 	 	Billing
    Contact Phone	 
	Address	 	 	Address	 
	City	 	 	City	 
	State/Province	 	 	State/Province	 
	Postal/Zip
    code	 	 	Postal/Zip
    code	 

 

Payee
Direct Products and Services Agreement: This Order Form hereby incorporates by reference the Payee Direct Products and Services
Agreement (“Terms”) attached as Exhibit A, which together with this Order Form forms a binding and executed
written agreement between Qwil PBC (“Qwil”) and Customer (“Agreement”). Unless otherwise
set forth in an Order Form, this Order Form supersedes all other Order Forms between the parties, and to the extent this Order
Form is inconsistent with a provision in the Payee Direct Products and Services Agreement or other Order Form, this Order Form
shall control. All undefined capitalized terms in this Order Form shall have the meaning set forth in the Payee Direct Products
and Services Agreement. Qwil and Customer each represent that this Order Form has been executed by an employee or agent of such
party with all necessary authority to bind such party to the terms and conditions of this Agreement, and Customer represents that
it has reviewed and accepts the terms of this Order Form and the Payee Direct Products and Services Agreement.

 

Billing
Terms: All Fees are seth forth in the rate schedule below and, unless otherwise set forth in the rate schedule below, are due
within thirty (30) days from the invoice date (net 30 days). All Service Subscrption Fees shall be invoiced on the first of each
calendar month, and all Additional fees shall be invoiced at the time of processing. All Fees payable hereunder are exclusive
of any sales, use and other taxes or duties, however designated. All Fee payment obligations are non-cancellable, and all Fees
paid are non-refundable. Additional terms regarding Fees and payment are set forth in the Terms.

 

		 	Description		Duration (months)	 
	Term	 	Term	 	24	 

 

	

    
	 	Description	 	Duration
    (months)	 	Service
    Fees

    (“Fees”)	 
	Service Subscription
    Fees 	 	Monthly Subscription Fee	 	Term	 	$ 500  per month	 

 

    	

     

    

 

	 	 	Description	 	Fees	 
		 	Rejected or Failed Customer Debit Per Transaction Fee	 	$500 per payment	 
	Additional	 	Advance Fee, subject to change at Qwil’s discretion	 	1.5% per 30 days	 
	Fees	 	Late Fees applied to any Late Advanced Balance	 	0.07% per day	 
	 	 	Advance Rate (Percentage of each approved Invoice available for Advance), if applicable	 	100%	 
	 	 	Advance Limit (max amount Qwil is willing to have outstanding at one time), subject to change at Qwil’s discretion	 	$250,000	 

   

	Qwil	 	Customer
	Date	 	 	Date	          
	Title
    	 	 	Title
    	 
	Name	 	 	Name	 
	Signature	 	 	Signature	 

  

    	2

     

    

 

Exhibit
A

 

Payee
Direct Products and Services Agreement

 

Please
read this Agreement between you “Payee” and Qwil carefully before agreeing to it. Capitalized terms used in this Agreement
are defined in Section 30.

 

1.
Account. You must open a Qwil Account. Please safeguard your user name and password because you are responsible for all
interaction with us through your Qwil Account, even any unauthorized use.

 

2.
Products and Services. You can use our services to track your Unpaid Earnings and facilitate payment of your Unpaid Earnings
to you by a Company. By using our “Cash Out” feature, you may receive payment faster by requesting Qwil purchase all
or part of your current Unpaid Earnings. Through the “Cash Out” feature, you can either identify each of the specific
Unpaid Earnings you would like Qwil to purchase, or, if eligible, you may participate in an “AutoAdvance” feature
to automatically request Qwil purchase all of your Unpaid Earnings. If requested, Payments will be made to your Payment Account
promptly. We may provide other products and services to you. You will pay the Fees on the indicated due date. Fees may be deducted
from the payments that we facilitate. Some of our products and services may be subject to additional terms and conditions, which
are posted or made available separately from this Agreement. Some of our products and services may also be subject to additional
policies, guidelines, or rules we also post or make available. Such additional terms, conditions, policies, guidelines, and rules
are incorporated in and form a part of this Agreement. If there is a conflict between the additional terms, conditions, policies,
guidelines, or rules and this Agreement, this Agreement will control.

 

3.
Purchased Unpaid Earnings. We may decide to purchase all or part of the Unpaid Earnings that you request we purchase, regardless
of whether your request is made through the “Cash Out” or the “AutoAdvance” feature. At the time we pay
you the Purchase Price, you sell, transfer, convey, and assign to us all of your right, title, and interest in and to the related
Purchased Unpaid Earnings. We do not assume any liabilities or obligations related to any Purchased Unpaid Earnings; any such
liabilities and obligations will remain solely with you. At Qwil’s sole discretion, Qwil may require you to (i) notify your
Company whenever Qwil decides to purchase all or part of your requested Unpaid Earnings, or (ii) if requested, provide Qwil with
any and all requested contact information related to your Company and grant Qwil permission to contact your Company about your
Purchased Unpaid Earnings.

 

4.
Qwil MasterCard Prepaid Card. Qwil has partnered with Sutton Bank to provide you access to the Qwil MasterCard Prepaid
Card issued by Sutton Bank. The terms and conditions of the Card and your use of the Card are governed by the Qwil Card Program
Agreement between you and Sutton Bank. By obtaining a Card from Sutton Bank, you authorize any Purchase Price we pay you to be
disbursed to your Card account you establish with Sutton Bank that may be accessed by your Card. By signing up for the Qwil Debit
Card you agree to the terms of the Qwil Card Program Agreement available at Qwil Card Program Terms.

 

5.
Servicing of Purchased Unpaid Earnings. All Purchased Unpaid Earnings will be serviced, collected, and administered by
us or our designee, with full right to take any action in doing so, including changing the terms of any Purchased Unpaid Earnings.
For Unpaid Earnings that we do not purchase but you request that we facilitate payment to you on, we will endeavor to facilitate
such payment, and any action we take in doing so we take as your agent. You will provide us any assistance we request regarding
servicing, collecting, and administering any Purchased Unpaid Earnings and facilitating payment of any Unpaid Earnings.

 

    	3

     

    

 

6.
[Reserved]

 

7.
Power of Attorney. You appoint us and our designees your true and lawful attorney in fact, with full power to take any
action relating to the Purchased Unpaid Earnings in your name and place that we deem advisable and consistent with the terms of
this Agreement. You will timely execute and deliver to us any power of attorney instrument evidencing our authority and power
under this Section 7.

 

8.
General Representations and Warranties. You make the following representations and warranties to us on a continuing basis:
(a) your execution, delivery, and performance of this Agreement have been authorized by all necessary corporate action and do
not violate applicable law or the provisions of any agreement to which you are bound; (b) the individuals establishing or using
your Qwil Account or transacting with us or using our products or services are authorized by you to do so; (c) this Agreement
constitutes the legal, valid, and binding agreement of you enforceable in accordance with its terms; (d) you and any of your employees,
contractors, and agents have all licenses, registrations, and authorizations required to conduct your and their businesses; and
(e) any information, materials, data, content, or documents you directly or indirectly provide to us are true, correct, and complete.

 

9.
Representations and Warranties Concerning Purchased Unpaid Earnings. For each Purchased Unpaid Earnings, you make the following
representations and warranties to us as of the time of purchase: (a) you hold legal title to the Purchased Unpaid Earnings, free
and clear of any liens or encumbrances; (b) you have not sold, pledged, assigned, or encumbered the Purchased Unpaid Earnings;
(c) no person has any rights, interest, or claims in or to the Purchased Unpaid Earnings; (d) the Purchased Unpaid Earnings are
not in dispute, and are presently and unconditionally owing; (e) the Purchased Unpaid Earnings are not past due and represent
amounts owed by the Company arising from your actual and timely performance or provision of goods, property, or services to the
Company in the ordinary course of your business; (f) the Purchased Unpaid Earnings are not subject to any claim, offset, defense,
or counterclaim of any kind; (g) no agreement has been made under which the Company may claim any deduction or discount against
the Purchased Unpaid Earnings; (h) the Company is liable for the full amount of the Purchased Unpaid Earnings and has not objected
to their payment or the quality or quantity of the goods, property, and services performed or provided; (i) the Purchased Unpaid
Earnings have not been modified, dismissed, settled, or paid; (j) there has been no error, misrepresentation, negligence, fraud,
omission, or violation of law on the part of any person with respect to the Purchased Unpaid Earnings or their underlying goods,
property, or services; and (k) you have no knowledge that the Company has filed for bankruptcy or receivership or has been having
any difficulty paying amounts due others in full and when due.

 

    	4

     

    

 

10.  Additional
Covenants. You covenant to us as follows:

 

		a)	Books and Records. You will treat our purchase of any Purchased Unpaid Earnings as a sale for tax, accounting, and financial
reporting purposes, and your books and records will reflect the sale of the Purchased Unpaid Earnings to us.

 

		b)	Further Assurances. You will take all actions requested by us to preserve and protect our right, title, and interest in and
to any Purchased Unpaid Earnings.

 

		c)	No Impairment. You will not take any action (including placing or allowing placement of a lien or security interest on any
Purchased Unpaid Earnings) or make any omission that has, individually or in the aggregate, an adverse effect on any Purchased
Unpaid Earnings or on our ability to collect on any Purchased Unpaid Earnings.

 

		d)	Amounts Received. If you receive any payment on Purchased
Unpaid Earnings, you must notify us immediately and remit the amount of such payment to us within one business day of receipt.

 

11.
Repurchase Event. Following the occurrence of any Repurchase Event relating to any Purchased Unpaid Earnings, at our request,
you must repurchase any such Purchased Unpaid Earnings by paying us the Repurchase Price. You must pay the Repurchase Price within
five business days of receiving our request. We may set off or cause set off of any Repurchase Price, indemnification, or other
amounts you owe us from any Purchase Price, payments we facilitate, and other amounts owed or to be provided to you.

 

12.
Indemnification. You will indemnify, defend, and hold us harmless against any Losses incurred by us arising out of or relating
to a breach by you of any of your representations, warranties, covenants, or agreements contained in this Agreement.

 

13.
Adjustments. In the event a Company asserts any offset, defense, claim, counterclaim, dispute, deduction, discount, allowance,
right of return, right of recoupment, or warranty claim relating to any Purchased Unpaid Earnings arising from or relating to
your breach of any representation or warranty contained in Sections 8 or 9 and resulting in the Company paying less than the full
amount of the Purchased Unpaid Earnings (each, an “Adjustment”), we may, in our sole discretion, request that you
pay us the amount of the Adjustment. You must pay us the amount of an Adjustment within five business days of receiving our request.

 

14.
Third-Party Providers of Financial Products or Services. On our Website or through our mobile applications you may be able
to obtain products or services from third parties. If you request or apply for a product or service from a third-party provider,
you direct us to provide information, data, and documents we have in our possession or control relating to you to such third-party
provider for purposes of evaluating your request or application. Although we may receive compensation from a third-party provider,
we do not endorse any third-party provider. Any third-party provider may be an option for you to consider, but we encourage you
to shop for the best deal for you. You should rely on your own judgment in deciding which financial product or service best suits
your needs and financial means. If you ultimately obtain a financial product or service from a third-party provider, the third-party
provider is solely responsible for its products and services provided to you, and you agree that we are not liable for any Losses
arising out of or related to such products and services.

 

15.
Disclaimer of Warranties. OUR PRODUCTS AND SERVICES ARE PROVIDED TO YOU “AS IS” AND “AS AVAILABLE”
WITHOUT ANY WARRANTIES OF ANY KIND, INCLUDING IMPLIED WARRANTIES. WE DISCLAIM ALL WARRANTIES WITH RESPECT TO OUR PRODUCTS AND
SERVICES TO THE FULLEST EXTENT POSSIBLE UNDER APPLICABLE LAW, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, QUIET ENJOYMENT, QUALITY, ACCURACY, NONINFRINGEMENT, TITLE, AND ANY WARRANTY ARISING OUT OF COURSE OF DEALING, USAGE,
OR TRADE. NOTHING IN THIS SECTION AFFECTS WARRANTIES WHICH ARE INCAPABLE OF EXCLUSION OR RESTRICTION UNDER APPLICABLE LAW.

 

    	5

     

    

 

16.
Limitation of Liability. WE WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE
DAMAGES OF ANY KIND, UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY, OR OTHER THEORY, INCLUDING DAMAGES FOR LOSS OF PROFITS,
USE, DATA, LOSS OF OTHER INTANGIBLES, LOSS OF SECURITY OF INFORMATION YOU HAVE PROVIDED IN CONNECTION WITH YOUR USE OF OUR PRODUCTS
AND SERVICES, OR UNAUTHORIZED INTERCEPTION OF ANY SUCH INFORMATION BY THIRD PARTIES, EVEN IF ADVISED IN ADVANCE OF SUCH DAMAGES
OR LOSSES. WE WILL NOT BE LIABLE FOR LOSSES OF ANY KIND RESULTING FROM YOUR USE OF OR INABILITY TO USE OUR PRODUCTS OR SERVICES.
WE WILL NOT BE LIABLE FOR ANY UNAUTHORIZED ACCESS, USE, OR DISCLOSURE OF ANY INFORMATION RELATING TO YOU HELD, MAINTAINED, OR
UNDER THE CONTROL OF ANY THIRD PARTY, INCLUDING ANY SECURITY BREACH RELATING TO INFORMATION ABOUT YOU EXPERIENCED BY A THIRD PARTY.
OUR MAXIMUM LIABILITY FOR ALL LOSSES, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, WILL BE THE TOTAL AMOUNT,
IF ANY, OF FEES PAID BY YOU TO US IN THE 12 MONTHS PRIOR TO THE OCCURRENCE GIVING RISE TO SUCH LIABILITY OR FIVE DOLLARS, WHICHEVER
IS GREATER.

 

17.
Mobile Device Application. You are responsible for any requirements of our mobile applications, including any updates and
fees. You are also responsible for compliance with the terms of your agreement with your mobile device and telecommunications
providers. We may provide you with alerts related to your Qwil Account. You authorize us to send alerts by text message to your
mobile phone at the number you have provided us. Any change to your mobile phone number will change our ability to provide you
with alerts. You should notify us immediately of any change to your mobile phone number. Certain alert delays are outside our
control. We are not responsible for the products and services provided by your mobile device or telecommunications provider.

 

18.
License. We shall have the right to collect and analyze data and other information relating to our services and related
systems and technologies, and we will be free (during and after the term) and without any payment to

 

		a)	(i)
use such information and data to improve our products and services and for other development, diagnostic and corrective purposes
in connection with our business, and

  

		b)	(ii)
disclose such data solely in an aggregated or other de-identified form in connection with our business.

  

19.
Our Proprietary Rights. The information and materials made available through or related to our Website, mobile applications,
products, or services are and will remain our property or the property of our licensors and suppliers, and are protected by copyright,
trademark, patent, and/or other proprietary rights and laws. You agree not to reproduce, modify, rent, lease, loan, sell, distribute,
or create derivative works based on any part of our Website, mobile applications, products, or services. Our trade names, trademarks,
and service marks include Qwil and any associated logos. No license or right is granted to use any of our trade names, trademarks,
or service marks.

 

20.
Transaction Information from Third Party Sites. We may use transaction data from your bank and other financial accounts
to provide our products and services. In order to do so, you direct us to obtain certain transaction data and information from
third-party providers with whom you have bank or other accounts (“Transaction Information”). We work with vendors
to obtain Transaction Information with your permission. The permission you have provided also allows the vendors to use your data,
including aggregated data, so they may provide their services to us and for the vendors’ business purposes. We and our vendors
will not provide Transaction Information to you in the form received from the third-party provider, but certain details of the
Transaction Information may be provided to you. We do not review Transaction Information for accuracy or completeness. We have
no liability for any actions or inactions on the part of any vendor. We and our vendors are not responsible for the Transaction
Information or third-party products and services and make no warranties, including implied warranties of merchantability and fitness
for a particular purpose, with respect to Transaction Information or third-party products or services. We and our vendors are
not responsible for delays in obtaining Transaction Information or the accuracy, completeness, storage, or loss of Transaction
Information, personalization settings, or service interruptions. Transaction Information may only be current at the time accessed
and is provided on an “as is” and “as available” basis from providers.

 

    	6

     

    

 

21.
Credit Reports. We may use certain consumer and credit report data in providing our products and services. In order to
do so and as part of establishing your Qwil Account, you have provided us “written instructions” in compliance with
the Fair Credit Reporting Act to obtain your consumer and credit reports from consumer reporting agencies and other companies,
including TransUnion, Equifax, and Experian, which we use, in conjunction with Transaction Information and other data you give
us or we obtain, to provide our products and services. By providing “written instructions,” you understand that we
may obtain your consumer and credit reports at any time for as long as you have a Qwil Account and that we may report information
about you, including adverse credit information, to others, including the Internal Revenue Service, any applicable state taxing
authorities, and any other governmental authorities. If you cancel your Qwil Account, your “written instructions”
you provided us to access your consumer and credit reports is also cancelled.

 

22.
Rules of the Road. While using our Website, mobile applications, products, or services, you will comply with applicable
law. In addition, you will not:

  

		a)	Post, transmit, or otherwise make available:

  

		I.	Any material that would give rise to criminal or civil liability; that encourages conduct that constitutes a criminal offense;
or that encourages or provides instructional information about illegal activities or activities such as “hacking,”
“cracking,” or “phreaking.”

 

		II.	Any virus, worm, Trojan horse, Easter egg, time bomb, spyware, or other computer code, file, or program that is harmful or
invasive or may or is intended to damage or hijack the operation of, or to monitor the use of, any hardware, software, or equipment.

 

		III.	Any unsolicited or unauthorized advertising, promotional material, “junk mail,” “spam,” “chain
letter,” “pyramid scheme” or investment opportunity, or any other form of solicitation.

 

		IV.	Any non-public information about any person without the proper authorization to do so.

  

		b)	Use our products and services for any fraudulent or unlawful purpose.

 

		c)	Use our products and services to violate the legal rights of others, including others’ privacy rights or rights of publicity,
or harvest or collect personally identifiable information about other users.

 

		d)	Impersonate any person.

 

		e)	Interfere with or disrupt the operation of our products or services or the servers or networks used to make our products or
services available.

 

		f)	Restrict or inhibit any other person from using our products or services.

 

		g)	Reproduce, duplicate, copy, sell, resell, or otherwise exploit for any commercial purpose, any portion of, use of, or access
to our products or services.

 

    	7

     

    

 

		h)	Modify, adapt, translate, reverse engineer, decompile, or disassemble any portion of our Website, mobile applications, products,
or services.

 

		i)	Use any robot, spider, site search/retrieval application or other manual or automatic device to retrieve, index, “scrape,”
“data mine,” or in any way gather our content or reproduce or circumvent our navigational structure or presentation.

 

		j)	Do anything in connection with our Website, mobile applications,
products, or services not expressly authorized by this Agreement.

 

23.
Termination by Us. This Agreement is effective until terminated. We, in our sole discretion, may limit or terminate your
access to or use of your Qwil Account and our products and services at any time and for any reason. Upon termination, your right
to use your Qwil Account and our products and services will immediately cease. Any limitation or termination of your access to
or use of your Qwil Account and our products and services may take effect without prior notice. Any limitation or termination
of your access to or use of your Qwil Account and our products and services will not affect in any way our right to and in the
Purchased Unpaid Earnings. Sections 2 (payment sentences), 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 24,
25, 26, 27, 28, 29 and 30 will survive any limitation or termination of your access to or use of your Qwil Account and our products
and services.

 

24.
Terminating Your Qwil Account. You may terminate your Qwil Account at any time by following the instructions provided on
our Website or mobile applications. Your termination will become effective in one business day or such longer period commercially
reasonable under the circumstances. We will retain and may use your name, email address, and other information, materials, data,
content, or documents that you have provided us or that we have obtained or produced following termination, unless prohibited
by applicable law.

 

25.
Governing Law. THIS AGREEMENT IS GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA AND THE
OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES WILL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO ITS CONFLICT
OF LAWS PROVISIONS.

 

26.
Binding Arbitration. EXCEPT FOR DISPUTES THAT QUALIFY FOR SMALL CLAIMS COURT, ALL DISPUTES ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR ANY ASPECT OF THE RELATIONSHIP BETWEEN YOU AND US, WHETHER BASED IN CONTRACT, TORT, STATUTE, FRAUD, MISREPRESENTATION,
OR ANY OTHER LEGAL THEORY, WILL BE RESOLVED THROUGH FINAL AND BINDING ARBITRATION BEFORE A NEUTRAL ARBITRATOR INSTEAD OF IN A
COURT BY A JUDGE OR JURY, AND WE AND YOU EACH WAIVE THE RIGHT TO TRIAL BY A JURY. ANY ARBITRATION WILL TAKE PLACE ON AN INDIVIDUAL
BASIS; CLASS ARBITRATIONS AND CLASS ACTIONS ARE NOT PERMITTED, AND YOU AGREE TO GIVE UP THE ABILITY TO PARTICIPATE IN A CLASS
ARBITRATION AND ACTION. EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO A TRIAL
BY JURY.

 

Arbitration
will be administered by the AAA in accordance with the then current Commercial Financial Disputes Arbitration Rules, including
any expedited procedures. Arbitration hearings will be held in a mutually agreeable location or if no such agreement can be reached,
in San Francisco County, California. A single arbitrator will be appointed by the AAA and will be a practicing attorney or retired
judge having experience with and knowledge of online commerce law. The arbitrator will follow the law and will give effect to
any applicable statutes of limitation. The prevailing party will be entitled to an award of the costs and expenses of the arbitration,
including attorneys’ fees and expert witness fees. A judgment on the award may be entered by any court having jurisdiction.

 

27.
Electronic Communications and Records. You agree that we may provide you notices, disclosures, electronic records, and
other communications by posting on our Website, by e-mail, by text message, or by regular mail. We will use the e-mail address,
postal mail address, and mobile phone number you provide us. It is your responsibility to promptly update us with e-mail address,
postal mail address, and phone number changes in your Qwil Account. Communications sent to an e-mail address, postal mail address,
or phone number you have changed will be considered received when sent by us to the address or phone number we have on file.

 

28.
Changes. We may make changes to this Agreement in our sole discretion. We may provide notice of the changes to you if required
by applicable law and by the methods provided in Section 26.

 

    	8

     

    

 

29.
Miscellaneous. Any notice provided by you to us will be effective upon delivery to support@qwil.co. You may not assign
this Agreement without our advance written consent, and any such assignment or attempted assignment by you without our advance
written consent is and will be null and void. We may assign this Agreement without your consent. The provisions of this Agreement
will inure to the benefit of, and be binding upon, the parties and their respective successors and permitted assigns. There are
no third-party beneficiaries of this Agreement. This Agreement constitutes the entire agreement between the parties and supersedes
all prior agreements and understandings, both written and oral, with respect to the subject matter of this Agreement, and if any
provision of this Agreement is found to be invalid or unenforceable, all other provisions will be enforced and construed as if
the invalid provision were never a part of this Agreement. The failure to enforce any provision of this Agreement will not be
considered a waiver. The words “include” and “including” mean without limitation by reason of enumeration.
The relationship between the parties is of seller (you) and purchaser (us) of accounts receivables (Purchased Unpaid Earnings)
and us as a service provider to you; our relationship is not one of lender and borrower.

 

30.
Defined Terms.

 

“AAA”
means the American Arbitration Association or its successor.

 

“Adjustment”
has the meaning provided in Section 13.

 

“Agreement”
means this Products and Services Agreement.

 

“Card”
means the Qwil MasterCard Prepaid Card issued by Sutton Bank.

 

“Company”
means a business entity, association, sole proprietorship, or any other similar organization that you provide goods and services
to or that acts as your placement agent.

 

“Fee”
means the amount disclosed to you that we charge you to (a) purchase the related Unpaid Earnings and/or (b) facilitate payment
from a person to you. Fees may vary by transaction, including whether you participate in the “AutoAdvance” feature.

 

“Losses”
means any claims, causes of action, liabilities, losses, damages, settlements, penalties, fines, forfeitures, fees (including
legal, expert witness, and accounting fees), costs, and expenses.

 

“Payee”
means a user of the Qwil platform that receives payment via their Qwil Account.

 

“Payment
Account” means the valid bank account, PayPal account, debit card, prepaid card, or other financial account that you own
and that you link to your Qwil Account.

 

“Purchase
Price” means the amount of the related Unpaid Earnings we decide to purchase minus the Fee.

 

“Purchased
Unpaid Earnings” means the Unpaid Earnings we purchase from you by paying the Purchase Price.

 

“Qwil,”
“we,” “our,” and “us” mean Qwil PBC.

 

“Qwil
Account” means the account you open on our Website or mobile applications to obtain products and services from us.

 

“Repurchase
Event” means any breach by Seller of any of its representations, warranties, covenants, or agreements in this Agreement
related to any Purchased Unpaid Earnings.

 

“Repurchase
Price” means, with respect to any Purchased Unpaid Earnings, the Purchase Price paid minus any amounts received from a Company
on such Purchased Unpaid Earnings.

 

“Transaction
Information” has the meaning provided in Section 20.

 

    	9

     

    

 

“Unpaid
Earnings” means the right to payment owed to you by a Company arising out of products and services you have provided to
such Company or to its customers and any other related rights. Unpaid Earnings purchased by Qwil also include any related goods,
invoices, accounts (including accounts receivable), equipment, inventory, contract rights or rights to payment of money, leases,
license agreements, franchise agreements, general intangibles, commercial tort claims, documents, instruments (including any promissory
notes), chattel paper (whether tangible or electronic), cash, deposit accounts, certificates of deposit, fixtures, letters of
credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property,
supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and all of your books
and records relating to the foregoing, and any and all claims, rights and interests in any of the foregoing and all substitutions
for, additions, attachments, accessories, accessions, and improvements to and replacements, products, proceeds, and insurance
proceeds of any or all of the foregoing.

 

“Website”
means admin.qwil.co, app.qwil.co, qwil.co and any associated domain, subdomain, native application or any successor site.

 

“You”
and “your” mean the business or individual who set up or has the Qwil Account.

 

 10

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