Document:

Exhibit 10.8

 

FORWARD PURCHASE AGREEMENT (FIXED ACH DELIVERY) This Forward Purchase Agreement (“the Purchase Agreement”) dated May 13 2022 is entered into between Kapitus LLC (“Purchaser”) and each of the merchant(s) listed below (the “Seller” or “Merchant”) . Seller agrees to sell, assign, and transfer and Purchaser agrees to purchase and receive Seller’s accounts, receipts, contract rights, and other rights to payment arising from or relating to the payment to Seller through cash, checks, electronic transfers, ACH transfers, credit cards, charge cards, debit cards, prepaid cards, mobile payments (including Apple Pay Œ and other ACH payments) and other similar payment methods that may accrue to Seller in the ordinary course of Seller’s Business (“Receipts”) . SELLER: S ELLER ’ S L EGAL N AME : PHARMACOLOGY UNIVERSITY FW, LLC/ H ENRY L EVINSKI / D ANTE P ICAZO T Y P E OF E NTI T Y :  C O RP O R AT I ON T R ADE N A M E :  P H A RM A C OLOGY U N I VE RS ITY P H Y S I C AL A D D R E S S :  5665  A R A P AHO R D A P T 1923 C I TY :  D A LLAS S TATE : TX Z IP : 75248 - 3496 M AI L ING A DD R E S S :  6201  B ON H O MM E R D S TE 46 6 S C I TY :  H O U S TON S TATE : TX Z IP : 77036 - 4476 T ELEPHONE : (817) 528 - 2475 E M AIL A DD R E S S :  H LEV I N S K I @ P HA RM A C OLOG Y UNI V E RS IT Y . C OM SALE CONFIRMATION (CID 7010281) 1. Purchaser: Kapitus LLC, 2500 Wilson Boulevard Suite 350, Arlington, VA 22201 2. Servicer: 3. Purchased Amount: Kapitus Servicing, Inc., 2500 Wilson Boulevard, Suite 350, Arlington, VA 22201 $63,250.00 Total dollar amount of Receipts to be delivered to Purchaser $50,000.00 Gross total paid for Receipts purchased. $1,250.00 ((2.5%) of Purchase Price) Up - front fee charged for closing the purchase. $48,750.00 Net total delivered to Seller as consideration for purchase, equal to the Purchase Price less the Closing Fee and any payment made to Purchaser or any third party as agreed by Seller . 5 . 8 % . 4. Purchase Price: 5. Closing Fee: 6. Net Purchase Price: 7. Specified Percentage: Percentage of receipts to be delivered until Purchased Amount is delivered to Purchaser. Seller irrevocably designates only one deposit account acceptable to Purchaser to  facilitate the collection of the Specified Percentage until such time as Purchaser receives  the full Purchased Amount. In the event of a breach of any of the Transaction  Documents the Specified Percentage shall equal 100%. DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 Page 1 Kapitus - FPA - ACH 2021 - 09 - 07

    	 

    	 

    

Page 2 Kapitus - FPA - ACH 2021 - 09 - 07 8. Fixed ACH Terms: Specified Amount and Frequency: $1,218.00 Weekly. Seller authorizes Purchaser to ACH Debit the Specified Amount from the designated deposit account as the base payment credited against the Specified Percentage due . The Specified Amount is an estimate of the Specified Percentage . Seller understands that it is responsible for ensuring that funds adequate to cover the amount to be debited by Purchaser remain in the account . Reconciliation : The Specified Amount shall be reconciled to reflect the Seller’s actual Receipts at Seller’s request . Seller may initiate a reconciliation by calling 1 - 800 - 780 - 7133 and requesting to speak with a Kapitus Servicing, Inc . (“Servicer”) customer service representative . The Seller agrees to provide any information needed to complete such reconciliation, including providing online access to Seller’s banking transaction data through a secure, read - only link . It is the Seller’s responsibility to provide bank transaction data and/or statements for any and all bank accounts held by the Seller to reconcile the ACH debits to the Specified Percentage permitting Servicer to debit or credit the difference to the Seller . Upon verification of the Receipts generated by Seller, Servicer shall adjust the Specified Amount on a going - forward basis to more closely reflect the Seller’s actual Receipts . Once the Seller elects to conduct a reconciliation, either Party may thereafter request a reconciliation once every 30 days . After each adjustment, the new dollar amount shall be deemed the Specified Amount until any subsequent adjustment . SELLER SHALL NOT BE ENTITLED TO ANY RECONCILIATION IF SELLER HAS DEFAULTED UNDER ANY OF THE TRANSACTION DOCUMENTS . To secure Seller’s payment and performance obligations to Purchaser under the Transaction Documents, Seller hereby grants to Purchaser a security interest in the property, rights, accounts, and other interests as set forth in the Security Agreement . The Purchaser and Seller shall be bound by this Purchase Agreement, the Sale Terms and Conditions governing the purchase of Receipts from Seller, the Security Agreement, the Guaranty, which are incorporated by reference herein, dated May 13 , 2022 and the Agreement to Arbitrate, dated May 13 , 2022 (collectively, the “Transaction Documents”) . 9. Security Interest: 10. General Terms and  Conditions: Each signatory represents and warrants that : ( 1 ) he or she is authorized to enter into this sale, legally binding the Seller to deliver the Receipts as agreed, and ( 2 ) all information provided herein, in the application, in any documents submitted, and in any interviews conducted during the underwriting of the sale, including without limitation any financial information, are true, accurate and complete in all respects . Seller and Guarantor(s) expressly acknowledge and agree that Purchaser and Servicer are relying on such representations and warranties when determining to purchase the Receipts and that the accuracy thereof is a material condition of the Transaction Documents . If any information provided is false or misleading, Seller shall be held liable for fraud in the inducement and fraud and Guarantor(s) shall be personally liable for the Seller’s obligations . DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

IT IS UNDERSTOOD THAT ANY REPRESENTATIONS OR ALLEGED PROMISES BY INDEPENDENT BROKERS OR AGENTS ARE NULL AND VOID IF NOT INCLUDED IN THE TRANSACTION DOCUMENTS . ANY MODIFICATION OR OTHER ALTERATION TO THE TRANSACTION DOCUMENTS MUST BE IN WRITING AND DULY EXECUTED BY THE PARTIES . CONSENT TO RECEIVE AUTODIALED AND PRERECORDED CALLS AND MESSAGES Purchaser, Kapitus Servicing, Inc . and their subsidiaries and affiliates (collectively, “KAPITUS”) may from time to time notify applicant(s) of various promotional offers and other marketing information, or contact Seller and Guarantor(s) in connection with the servicing of the Transaction Documents, or in connection with any default under the Transaction Documents . By signing this Purchase Agreement, Seller and Guarantor(s) expressly consent and authorize KAPITUS to call, send text messages, and/or send other electronic messages (including prerecorded or artificial voice messages) using an automatic telephone dialing system to any telephone number provided by Seller or Guarantor(s) in the Transaction Documents, any and all applications or any administrative form or other means, including cellular phone numbers and landlines, regardless of their inclusion on any do not call list, for purposes of servicing, collections, marketing or promoting any product offered by KAPITUS . Seller and Guarantor(s) further expressly consent and authorize KAPITUS to record all calls with KAPITUS . Please note that you are not required to consent to be called for marketing or promotional purposes in order to obtain any products or services from KAPITUS . If you do not agree to be called for marketing or promotional purposes, please call ( 844 ) 547 - 9396 or email DNC@kapitus . com SELLER By H ENRY L EVINSKI , O WNER (Print Name and Title) (Signature) PURCHASER By (Company Officer or Designee) (Signature) GUARANTOR By Henry Levinski (Print Name) (Signature) GUARANTOR By (Print Name) GUARANTOR By (Print Name) (Signature) (Signature) DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 Page 3 Kapitus - FPA - ACH 2021 - 09 - 07

    	 

    	 

    

AUTHORIZED SUB - SERVICING AGENT Purchaser, as Agent, may perform any and all of its duties and exercise its rights and powers by or through any one or more sub - agents . Kapitus Servicing, Inc . is the Authorized Sub - Servicing Agent and the General Agent of the Purchaser . Servicer will initiate all debits and credits to Seller’s account, provide customer service and administrative support to Purchaser and Seller, initiate any necessary collection actions in the event of any default under the Transaction Documents, initiate and defend legal actions related to the Transaction Documents, and provide legal support services to Purchaser .. SERVICER FEES Page 4 Kapitus - FPA - ACH 2021 - 09 - 07 11. Banking Fees $50.00 for outgoing wire transfers or payments by check. 12. Changing Bank Accounts $75.00 13. UCC Terminations $250.00 14. Default Fee $2500.00 15. Returned Payment  Fee $99.00 O TH ER TH AN TH E C LO SING F EE ,  I F A NY ,  A N D TH E S E RVI C ER F E ES SET F O R T H A B O VE ,  N EITH ER P U R CH ASER NO R K A PITU S S E R VICING IS CH A R G ING A N Y F E ES T O S E LL ER .  I F S E LL ER IS CH A R G ED A N Y A DDITION AL F EE IN CONN E CTIO N WI T H THE SAL E ,  IT IS NO T A UTHORIZ ED O R CH A R G ED BY K A PITU S A N D S E LL ER S HOUL D I N F O RM K API TU S IF A N Y UN A UTHORIZ ED F E E H AS B E EN CH AR G ED IN CONN E CTIO N WI T H TH E T R A NS A CTIO N D OCU ME NT S . Y OU R A PP L ICA TIO N T O S E L L R E C EIP T S IS AN A PP L ICA TIO N F O R B U SINESS C RE DI T ,  A N D I F IT IS D E N I E D ,  YO U H A VE TH E RIGH T T O A W RITT EN S T A T EME N T O F TH E S PE CI FIC R EAS ON S F O R TH E D E NI A L . T O O B T AIN TH E S T A T EME N T ,  P L E ASE CONT A C T K API TU S LLC  AT TH E AB O V E A DD RESS O R P HON E NU M B ER WI TH IN 60  D A Y S F R O M TH E D A T E YO U A RE NOTIFIED O F TH E D E CISIO N .  Y O U H A VE TH E R IGH T T O O B T AIN A WRI TT EN S T A T EME N T O F R EAS ON S F O R TH E D E NI AL WI TH IN 30  D A YS O F RE C EIVING YOU R RE QU EST F O R TH E S T A T EME N T . N OT IC E : T H E F E D E R AL E QU AL C RE DIT O P P O R TUNIT Y A C T P R OHIBIT S C RE DITO RS F R O M D ISCRIMINA T ING A G AINST C RE DIT A P P L ICA NT S O N TH E B ASIS O F RA C E ,  COLO R ,  RE LIGIO N ,  N A TION AL ORIGI N ,  S EX ,  MARI T AL S T A TU S ,  A G E ( P R OVID ED THE A P P L ICA N T H AS TH E C A P A CIT Y T O E NT ER IN T O A BIN D ING CONT RA C T );  BE C A U SE A L L O R P ART O F TH E A PP L ICA NT ' S INC O ME D ERI V ES FR O M A N Y P U B L IC A SSIST A NC E PR OG RAM ;  O R B E C A U SE TH E A P P L ICA N T H AS IN GOO D FAI T H E X ER CIS ED ANY RIGH T UND ER TH E C ONSU MER C R E DIT P R OT E CTIO N A CT . T H E FE D E RAL A G E NC Y TH AT A D MINIS T ERS CO MP LIANC E WI TH THIS L AW CONC ER NIN G THIS C RE DITO R IS TH E F E D E R AL T R A D E C O MMISSI O N , 600  P E NNSYL VA NI A A VE NU E ,  N W,  W AS H IN GTO N , DC 20580,  F T C . GO V DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 1 Kapitus - FPA - T&C 2021 - 09 - 07 SALE TERMS AND CONDITIONS I. GENERAL TERMS 1.1 Sale of Receipts. Seller and Purchaser  intend that the transfer of the interest in the Receipts from Seller to Purchaser constitutes a forward sale, and not a loan, for all legal, practical and business purposes . Seller agrees that the Purchase Price equals the fair market value of the Receipts being purchased as of the date sold that are expected to come into existence in the future in the ordinary course of the operation of Seller’s business . Title to, responsibility for and risk of loss of the interest in the Receipts shall pass from the Seller to the Purchaser upon execution of this Agreement with respect to the Purchased Amount . In addition : (a) as further set forth in the Security Agreement, Seller hereby grants to Purchaser a security interest in all right, title and interest of Seller in and to the Receipts, which security interest shall secure the payment of the Purchase Price and all other obligations of Seller under this Agreement. Seller hereby authorizes Purchaser to file any financing statements deemed necessary by Purchaser to perfect or maintain Purchaser’s interest in the Receipts ; (b) the parties acknowledge that the delivery of the Purchase Price is not a payment in whole or in part for the use or forbearance of money, but rather delivery of the bargained for payment of the purchase price to Purchaser under the Purchase Agreement, notwithstanding anything to the contrary contained  herein; (c) the Parties agree and acknowledge that there is no stated or unstated interest factor in this Agreement, and no interest will be paid ; (d) in the event that a court ignores the intent of the parties that the Transaction Documents be treated as a forward purchase of Receipts, and further determines that the arrangement creates a loan or other indebtedness rather than a completed forward sale of Receipts, and further determines that under that court - determined arrangement that the PURCHASER has charged or received “interest,” and further determines that the amount of interest is in excess of the highest applicable rate, the imputed rate so determined shall automatically be reduced to the maximum rate permitted by applicable law and Purchaser shall  promptly refund to Seller as liquidated damages any amount received by Purchaser in excess of such maximum lawful rate, it being intended that Seller not pay or contract to pay, and that Seller not receive or contract to receive, directly or indirectly in any manner whatsoever, interest on indebtedness in excess of that which may be paid by Seller under applicable law . 1 . 2 Term of Agreement . The Purchase Agreement shall have an indefinite term . The Purchase Agreement shall commence with Purchaser’s delivery of the funds constituting the Purchase Price and shall run until such time as Purchaser receives sufficient receipts to equal the value of the Purchased Amount and thus fulfill the delivery of the future receivable purchased and all of Seller’s other obligations to Purchaser are fully satisfied . The Purchase Agreement and the provisions of this Section 1 . 2 are applicable to any renewals and additional agreements executed by the parties that constitute Forward Purchase Agreements and/or purchase of future receivables . 1 . 3 Authorization to Debit . Seller shall establish an account with a financial institution acceptable to Purchaser that will be designated to collect the Receipts generated by Seller. Seller hereby authorizes Purchaser and/or its agents to obtain any amounts due pursuant to the Transaction Documents by ACH debit of the account designated, or of any other Seller account, as provided pursuant to the Transaction Documents. This authorization shall be irrevocable without  the written consent of Purchaser. Seller shall provide Purchaser and/or its agents with all of the information and authorizations necessary for verifying Sellers’s receivables, Receipts and  deposits. investigate their financial responsibility and history, and will provide to Purchaser any bank or financial statements, tax returns, or any other documentation, as Purchaser deems necessary prior to or at any time after execution of the Transaction Documents. A photocopy of this authorization will be deemed as acceptable for release of any necessary information . Seller and Guarantor(s) authorize and consent to Purchaser updating their credit and financial profile from time to time in the future, as Purchase deems appropriate, including by obtaining investigative, consumer, and personal or business credit reports . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 4 . Financial Information and Credit Reporting . Seller and Guarantor authorize Purchaser to obtain business and personal credit bureau and consumer reports at any time and from time to time for purposes of deciding whether to purchase Receipts from Seller, for any requested loan or for any update, renewal, extension of credit or other lawful purpose . Upon Seller’s or Guarantor’s request, Purchaser will advise Seller or Guarantor if Purchaser obtained a credit report and Purchaser will give Seller or Guarantor the credit bureau’s name and address . Seller and Guarantor agree to submit current financial information, update any credit application, or both, at any time promptly upon Purchaser’s request . Purchaser may report Purchaser’s experiences with Seller and Guarantor to third parties as permitted by law . Seller and Guarantor also agree that Purchaser may release information to comply with governmental reporting or legal process that Purchaser believes may be required, whether or not such is in fact required, or when necessary or helpful in completing a transaction, or when investigating a loss or potential loss, and/or seeking recovery for such loss . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1.5 Transactional History. Seller and Guarantor authorize Purchaser to act as 1.3 Financial Condition . Seller and Guarantor(s) authorize Purchaser to Seller’s and Guarantor’s agent, DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 2 Kapitus - FPA - T&C 2021 - 09 - 07 respectively, for purposes of accessing and retrieving transaction history information regarding Seller and/or Guarantor from Seller’s and Guarantor’s institutions, banks, banking and/or credit card processing financial accounts, accounts . Seller and Guarantor authorize their respective financial institutions to provide  Purchaser with Seller’s and Guarantor’s transaction history, and information  Guarantor’s regarding  accounts, any and all  Seller’s and balances, or transfers, for any purpose, including for purposes of collection . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 6 Indemnification . Seller and Guarantor jointly and severally will indemnify and hold Purchaser, and its officers, directors, shareholders, members, managers, employees, owners, partners, affiliates, subsidiaries, parent company, successors, transferees, assigns, purchasers, investors, financiers, agents, representatives, attorneys and professionals, (collectively,  the “Purchaser Parties”) harmless from all losses, costs, damage, liabilities or expenses (including, without limitation, court costs and attorneys’ fees) that the Purchaser Parties may sustain or incur by reason of defending claims asserted by Seller and/or Guarantor, and all persons and entities claiming by, through or under them, to the fullest extent permitted by law, in protecting the security interest conveyed pursuant to the Security Agreement or the priority thereof, in enforcing any other term of the Transaction Documents, and/or in the prosecution or defense of any action or proceeding concerning any matter arising out of or in connection with the Transaction Documents and/or any other documents now or hereafter executed in connection with the Transaction Documents, the Collateral and/or the Additional Collateral, including without limitation any legal or dispute resolution proceeding, bankruptcy proceeding, receivership, and/or any other insolvency proceeding or other proceeding for relief for debtors or creditors . In no event will Purchaser, its officers, directors, shareholders, members, managers, employees, affiliates, agents or representatives be liable for any claims asserted by Seller under any legal theory for lost profits, lost revenues, lost business opportunities, exemplary, punitive, special, incidental, indirect or consequential damages, each of which is  waived by Seller and Guarantor(s). This section shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 7 Power of Attorney . Seller irrevocably appoints Purchaser as its agent and attorney - in - fact with full authority to take any action or execute any instrument or document to settle all obligations due to Purchaser, or in the case of the occurrence of any Event of Default, from Seller, under this Agreement, including without limitation (i) to obtain and adjust insurance ; (ii) to collect monies due or to become due under or in respect of any of the Collateral ; (iii) to receive, endorse and collect any checks, notes, drafts, instruments, documents or chattel paper in connection with clause (i) or clause (ii) above ; (iv) to sign Seller’s name on any invoice, bill of lading, or assignment directing customers or account debtors to make payment directly to Purchaser ; and (v) to file any claims or take any action or institute any proceeding which Purchaser may deem necessary for the collection of any of the unpaid Purchased Amount from the Collateral, or otherwise to enforce its rights with respect to payment of the Purchased Amount . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 8 Disclosure of Information . Seller and Guarantor and each person signing this Agreement on behalf of Seller and/or as a Guarantor, in respect of himself or herself personally, authorizes Purchaser to disclose information concerning Seller’s and each Guarantor’s credit standing (including credit bureau reports that Purchaser obtains) and business conduct . Seller and each Guarantor hereby waives to the maximum extent permitted by law any claim for damages against Purchaser Parties relating to any (i) investigation undertaken by or on behalf of Purchaser as permitted by the Transaction information Documents or (ii) disclosure of as permitted by the Transaction Documents . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 9 Publicity . Seller and Guarantor(s) authorize Purchaser to use its, his or her name in a listing of clients and in advertising and marketing materials . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 10 UCC Agent & D/B/A’s . Seller and Guarantor(s) hereby acknowledge and agree that Purchaser may be using affiliates, representatives, agents, “doing business as” or “d/b/a” and/or fictitious names in connection with various matters relating to the transaction between Purchaser and Seller and Guarantor(s), and  may file UCC - 1 financing statements and other notices or filings using such names on its own behalf or though Purchaser’s UCC agent . Purchaser shall have no obligation to terminate any UCC financing statement filed in connection with the Purchase Agreement absent a written request by Purchaser and after delivery of the Receipts purchased and the fulfillment of all of Seller’s obligations to Purchaser under the Transaction Documents, and payment of the UCC Termination fee stated in the Purchase Agreement . Notwithstanding any terms to the contrary contained herein, and except as may be required under applicable law, Purchaser shall have no obligation to terminate any UCC financing statement while there is a pending : (i) petition for bankruptcy protection under Title 11 of the United States Code or any state - law analogue filed by or against Purchaser, Seller, or Guarantor(s) ; (ii) insolvency proceeding or other proceeding instituted against Purchaser, Seller or Guarantor(s), and/or any other guarantor for relief for debtors or creditors ; (iii) receivership proceeding brought by or against Purchaser, Seller, Guarantor, and/or any  other guarantor; and/or (iv) any other legal proceeding or alternative dispute resolution proceeding between any of the Seller and/or Guarantor, on the one hand, and the Purchaser Parties, on the other hand . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 1 . 11 . Alternative Delivery of Receipts . If Seller or Guarantor knows that for any reason Purchaser will be unable to receive delivery of the Receipts from Seller’s account, then Seller must promptly set up DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 3 Kapitus - FPA - T&C 2021 - 09 - 07 another arrangement for delivery of receipts that is authorized by Purchaser . Seller and Guarantor understand and agree that delivery of Receipts made at any other address or method than as specified by Purchaser may result in a delay in processing and/or crediting the delivery of Receipts by Seller . 1 . 12 Early Delivery Option . Seller shall have the option to deliver the Purchased Amount at any time, along with any fees incurred under the Transaction Documents, less Receipts previously delivered. Purchaser may, from time to time, and in the Purchaser’s sole discretion, offer discounts for early delivery of Receipts communicated to Seller through one or more customer web interfaces, emails or addenda to the Purchase Agreement . Such discounts will be based on the time elapsed since disbursement of the Purchase Price, the history of the delivery of Receipts, and the remaining amount of Receipts due to be delivered . II. REPRESENTATIONS,  WARRANTIES AND COVENANTS Seller and Guarantor represents, warrants  and covenants that as of this date and during the term of this Agreement: 2.1 Financial Condition and Financial Information. The information and financial statements which have been furnished to Purchaser by Seller and Guarantor, and such future statements which will be furnished hereafter at the request of Purchaser, fairly represent the ownership and operations of the Seller’s business and the financial condition of Seller and Guarantor at such dates, and since those dates, there has been no material adverse change, financial or otherwise, in such condition, operation or ownership of Seller or Guarantor (as applicable) . Seller and Guarantor are current on any and all lease, rent or mortgage payments due. Seller and Guarantor are currently in compliance with  all loans, financing agreements, promissory notes, and/or other obligations of indebtedness, except as disclosed to Purchaser . No material changes, financial or otherwise, in the condition, operation or ownership of Seller and Guarantor (as applicable) are in any way expected or anticipated and Seller and Guarantor do not anticipate closing or selling Seller’s business . Neither the Seller nor the Guarantor are party to any pending litigation that is expected to have a material impact on the Seller or Guarantor. Seller has a continuing, affirmative obligation to advise Purchaser  of any material change in its financial condition, operation or ownership. Purchaser may request statements at any time during the performance of this Agreement and the Seller shall provide them to Purchaser within five ( 5 ) business days. Seller’s failure to do so is a material breach of this Agreement. 2.2 Compliance with Law. Seller is in  compliance and shall comply with all laws, including possession of all necessary permits, authorizations and licenses to own, operate and lease its properties and to conduct the business in which it is presently engaged . 2 . 3 Authorization . Seller, and the person(s) signing the Transaction Documents on behalf of Seller, have full power and authority to incur and perform the obligations under the Transaction Documents, all of which have been duly authorized . 2.4 Insurance. Seller will maintain property, liability, and business interruption insurance and name Purchaser as certificate holder, loss payee and additional insured in amounts and against risks as are satisfactory to Purchaser and shall provide Purchaser proof of such insurance upon request . 2 . 5 Tax Obligations . Seller is currently in compliance with all federal state and local tax laws, has filed all returns, and has paid all taxes due, except as disclosed to Purchaser. No federal, state, or local taxing authority has filed any lien against the assets of the Seller and/or Guarantor . Seller or Guarantor shall pay all taxes owed to federal, state, or local governments when due. 2 . 6 Deposit Arrangements and Delivery of Receipts . Without Purchaser’s prior written consent, Seller will not (i) change the account designated for the delivery of Receipts ; (ii) set up multiple accounts into which any of the Seller’s receipts are deposited or otherwise transferred ; (iii) block or stop payment on Purchaser debit ; (iv) permit any event to occur that could  cause diversion of any of Seller’s receipts; (v) or take any other action that could have  any adverse effect upon Seller’s obligations under the Transaction Documents. Seller  will batch out receipts with all payment processors on a daily basis. 2 . 7 Change of Name or Location . Seller will not conduct Seller’s business(es) under any name other than as disclosed to the Purchaser or change any of its places of business, or change its jurisdiction or incorporation or organization without ten ( 10 ) days prior written notice to Purchaser . 2 . 8 Estoppel Certificate . Seller will at any time, and from time to time, upon at least one ( 1 ) day’s prior notice from Purchaser to Seller, execute, acknowledge and deliver to Purchaser and/or to any other person, firm or corporation specified by Purchaser, a statement certifying that the Purchase Agreement is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications) and stating the dates which the Purchased Amount or any portion thereof has been repaid . 2 . 9 No Bankruptcy or Insolvency . Seller is solvent, no transfer of property is being made by Seller, and no obligation is being incurred by Seller in connection with the sale of Receipts with the intent to hinder, delay, or defraud either present or future creditors of Seller . Seller represents that it is not insolvent and does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code or any state - law analogue, and there has been no involuntary petition under such laws brought or pending against Seller . Seller further warrants that it does not anticipate filing any such receivership or bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it . 2 . 10 Other Financing . Seller shall not enter into any arrangement, agreement or commitment for any additional financing, whether in the form of a purchase and sale of receivables, the sale of accounts receivable, or a loan (whether secured or unsecured) with any party other than Purchaser without Purchaser’s written consent . DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 4 Kapitus - FPA - T&C 2021 - 09 - 07 2 . 11 Unencumbered Receipts . Seller has good, complete and marketable title to all Receipts, free and clear of any and all liens, claims, changes, conditions, options, rights, liabilities,  restrictions,  mortgages, security interests, equities, pledges and encumbrances of any kind or nature whatsoever or any other rights or interests that may be inconsistent with the transactions contemplated with, or adverse to the interests of Purchaser . 2.12 Authorization to Obtain Lease Information. Seller and Guarantor authorize Purchaser to receive pertinent  information regarding the commercial lease or mortgage for the physical location of Seller’s business (the “Premises”) from any applicable lender, leasing company or agent . Upon any Event of Default under this Agreement, as security for the Seller’s obligations set forth herein, Seller and/or Guarantor shall, at the request of Purchaser deliver to Purchaser an executed Assignment of Lease covering the Premises  in favor of Purchaser. 2 . 13 . Business Purpose . Seller is a valid business in good standing under the laws of the jurisdictions in which it is organized and/or operates, and Seller is entering into this Agreement for business purposes and not as a consumer for personal, family or household purposes . 2 . 14 Default Under Other Contracts . Seller’s execution of and/or performance under this Agreement will not cause or create an event of default by Seller under any contract with another person or entity . 2 . 15 . Sale or Dissolution of Seller . Seller shall not : (a) sell, dispose, transfer or otherwise convey its business, assets and/or any equity interest in Seller ; or (b) effectuate the suspension, dissolution, or termination or Seller’s business without the express prior written consent of Purchaser, or the written agreement of any purchaser, assignee, or transferee assuming all of Seller’s and Guarantor’s obligations under the Transaction Documents pursuant to documentation satisfactory to Purchaser (as applicable) . 2 . 16 Accuracy of Information . All information provided by Seller and Guarantor to Purchaser in the Transaction Documents, in any application, in all other Seller forms and in response to any request by Purchaser for information whether oral or in writing, is true, accurate and complete in all respects . III. EVENTS OF DEFAULT AND  REMEDIES 3 . 1 Events of Default . The occurrence of any of the following events shall constitute an “Event of Default” hereunder : (a) Seller changes its deposit or banking relationships with any financial institution in any way that interferes with the delivery of the Receipts, including, by way of example and not limitation, using multiple depository accounts to collect Receipts without the prior written consent of Purchaser ; (b) Seller closes or changes the account(s) designated to collect the Receipts without notice to Purchaser, or otherwise permits any event to occur that could cause diversion of any Receipts to an account other than that designated to collect the Receipts ; (c) Seller interrupts the operation of its business in the ordinary course (other than as a result of adverse weather, natural disasters or acts of God) without notice to Purchaser of any planned shutdown or interruption of operations, (d) Seller transfers, moves, sells, disposes, transfers or otherwise conveys its business, or all or substantially all of its assets, without : (i) the express prior written consent of Purchaser, and (ii) the written agreement of any purchaser or transferee to the assumption of all of Seller’s obligations under the Transaction Documents pursuant to documentation satisfactory to Purchaser ; (e) any debit is rejected or returned due to insufficient funds and Seller fails to respond to Purchase inquiries or to contact Purchaser within five ( 5 ) business days ; (f) Seller shall violate any term, covenant, or condition in the Transaction Documents ; (g) any representation or warranty by Seller in the Transaction Documents shall prove to have been incorrect, false or misleading in any material respect when made ; (h) Seller or Guarantor sends a notice of termination of any Purchase Agreement ; (i) Seller suspends, dissolves or terminates its corporate existence without notice to Purchaser ; (j) Seller or Guarantor makes or sends notice of any intended assignment, bulk sale or transfer of Seller’s assets ; (k) Seller or Guarantor performs any act that reduces the value of any Collateral or Additional Collateral or reduces the value of the Collateral or Additional Collateral granted under the Security Agreement ; (l) Seller or Guarantor fails to pay taxes to any federal, state, or local government when due ; or (m) Seller shall default under any of the terms, covenants and conditions of any other agreement with Purchaser, including those between Purchaser and any business that is affiliated or associated with Seller . 3.2 Remedies for Default. In case any Event of Default occurs and is not waived by Purchaser : Purchaser may proceed to protect and enforce its rights or remedies by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein, or to enforce the discharge of Seller’s obligations under the Transaction Document or any other legal or equitable right or remedy. In addition, and without limitation, upon any Event of Default : (a) the full uncollected Purchased Amount and any unpaid fees due shall become due and payable in full immediately ; (b) Purchaser may enforce the provisions of the Transaction Documents against the Seller and Guarantor(s) ; (c) Purchaser may enforce its security interest in the Collateral, Additional Collateral and the Cross Collateral ; (d) Purchaser may debit Seller’s depository accounts wherever situated by means of ACH debit or facsimile signature on a computer - DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 5 Kapitus - FPA - T&C 2021 - 09 - 07 generated check drawn on Seller’s bank account or otherwise ; (e) Purchaser may direct any payment or credit card processor to deposit any amounts due to Seller directly to Purchaser ; (f) Purchaser may exercise its rights under the Assignment of Lease set forth in Section 2 . 12 ; (g) Purchaser may exercise the Power of Attorney set forth in Section 1 . 7 . All rights, powers and remedies of Purchaser in connection with this Agreement may be exercised at any time  by Purchaser after the occurrence of an Event of Default, are cumulative and not exclusive, and shall be in addition to any other rights, powers or remedies provided by law or equity . Seller and Guarantor acknowledge and agree that there may be no adequate remedy at law with respect to a breach of the Transaction Documents . Accordingly, Seller and Guarantor agree that Purchaser shall have the right, in addition to any other rights and remedies existing in Purchaser’s favor at law or in equity, to enforce Purchaser’s rights and obligations under the Transaction Documents not only by an action or actions  for damages, but also for an action or actions for specific performance, injunctive and/or other equitable relief without posting of a bond or other security . To the extent authorized by applicable law, Seller and Guarantor hereby agree to toll or waive any relevant statute of limitations in respect of any claims arising under, and/or relating to the Transaction Documents. This section shall survive, in its entirety, the delivery of the Receipts purchased and the  termination of the Purchase Agreement. 3 . 3 Costs . Seller shall pay to Purchaser all reasonable costs associated with (a) a breach by Seller of the Transaction Documents and the enforcement thereof, and (b) the enforcement of Purchaser’s remedies set forth herein, including but not limited to (i) expenses, court costs and attorneys’ fees of twenty - five percent ( 25 % ) of the total amount due to Purchaser or the actual attorney fees incurred, whichever is greater, and (ii) default interest on the total amount due to Purchaser accruing from the date of default at the rate of ten percent ( 10 % ) per annum or such other amount as allowed by law . 3.4 Required Notifications. Seller is  required to give Purchaser fourteen (14) days’ prior written notice of: (a) any  change in control of the Seller or the sale, transfer or assignment of all or substantially all of the Seller’s assets or equity interests; and (b) the suspension,  dissolution or termination of its business. 3 . 5 . Servicer and Default Fees . Seller shall pay certain fees for services related to origination and servicing of the Transaction Documents as detailed in the Purchase Agreement. Upon the occurrence of any Event of Default, Seller and Guarantor shall be liable for a default fee in the amount stated in the Purchase Agreement, payable on demand in addition to any other fees or charges due under the Transaction Documents . IV. MISCELLANEOUS 4.1 Modifications; Amendment. modification, amendment, waiver  consent of any provision of Transaction Documents shall be effective unless the same shall be in writing and signed by Purchaser . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.2 Purchaser acting as Agent. Purchaser has entered into the Transaction Documents as agent (in such capacity, “Agent”) for itself and one or more third parties as “co - investors” or “co - purchasers” (each a “Principal”). Agent  and each Principal have elected to treat the transaction consummated under the Transaction Documents (the “Transaction”) as a single transaction on behalf of separate Principals, and Agent hereby certifies that the portion of the Transaction allocable to the account of each of the Principals (the “Portion”) for which it is acting (to the extent that any such Transaction is allocable to the account of more than one Principal) is set forth in one or more addenda to the Transaction Documents, which may be provided to Seller upon request . All references to “Purchaser” “Seller” or “Guarantor,” as the case may be, in the Transaction Documents shall be subject to the provisions of this section and shall be construed to reflect that (i) each Principal shall have, in connection with the Transaction entered into by the Agent on its behalf, all of the rights, responsibilities, privileges and obligations of a “Purchaser” directly entering into such Transaction with the other parties under each of the Transaction Documents and (ii) Agent’s Principals have designated Agent (acting directly or through the Authorized Subservicing Agent) as their sole agents for performance of Purchaser’s obligations to Seller and for receipt of performance by Seller of its obligations to Purchaser in connection with the Transaction (including, among other things, as Agent for each Principal in connection with transfers of cash or other property and as agent for giving and receiving all notices under the Transaction Documents) . Both Agent and its Principals shall be deemed “parties” to the Transaction Documents and all references to a “party” or “either party” in any Transaction Document shall be deemed No revised accordingly.  or the The parties hereto acknowledge and agree that any assignment, pledge and/or grant to Purchaser by the Seller or a Performance Guarantor of a security interest in and to any property and assets (including the Collateral and the Additional Collateral) pursuant to any of the applicable Transaction Documents to secure the payment and/or performance of any of their respective and/or joint obligations, shall be deemed to have been made to the Purchaser for and on behalf of itself and any other Principal . Purchaser hereby agrees to hold all Collateral and Additional Collateral hereafter delivered to it pursuant to the Transaction Documents, for itself and for the benefit of the Principals, on and subject to the terms and conditions set forth in the Transaction Documents . In its capacity, the Agent and Sub - Servicing Agent are each a “representative” of each of the Principals within the meaning of the term “secured party” as defined in the UCC . In addition to the representations and warranties set forth in the Transaction Documents, Agent hereby makes the following representations and warranties, which shall continue during the term of any Transaction : Principal has duly authorized Agent to execute and deliver the Transaction Documents on its behalf, has the power to so authorize Agent and to enter into the Transaction contemplated by the Transaction Documents and to perform the obligations  of Purchaser, and has taken all necessary action to authorize such execution and DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 6 Kapitus - FPA - T&C 2021 - 09 - 07 delivery by Agent and such performance by it. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4 . 3 Sub - Servicing Agent . Purchaser may contract with one or more general agents to service the Transaction Documents (the “Sub - Servicing Agent”) that will provide customer service, treasury, administrative, bookkeeping, reporting, collections, and support services, but not limited to, background checks, credit checks, general underwriting review, filing UCC - 1 security interests and any other UCC documentation, for the Purchaser. Seller and Guarantor(s) acknowledge and agree that Purchaser has granted Sub - Servicing Agent all rights and authority as its general agent to take any and all actions to enforce the Purchase Agreement, through legal actions in the name of the Purchaser or otherwise, and to assert and/or defend against any and all claims arising from or relating to the Purchase Agreement . Any and all authorizations and rights granted to Purchaser under the Transaction Documents are hereby granted to Sub - Servicing Agent, as servicer and general agent of Purchaser . In no event will the Sub - Servicing Agent be liable for any  claims made against the Purchaser or under theory for lost profits, lost lost business opportunity, punitive, actual, special, any legal  revenues,  exemplary,  incidental, indirect or consequential damages, each of which is waived by the Seller and Guarantor(s) . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4 . 4 Notices . All notices, requests, consent, demands and other communications under the Transaction Documents and any addendum shall be delivered by ordinary mail to the respective parties at the addresses set forth in the Purchase Agreement and shall become effective upon delivery . The Parties hereto may also send such notices, requests, consent, demands and other communications via facsimile or electronic mail  numbers and email  communicated by the parties at such addresses hereto in writing or as reflected in the records of the  Sub - Servicing Agent. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of  the Purchase Agreement. 4 . 5 Binding Effect ; Governing Law, Venue and Jurisdiction . Seller and Guarantor agree that any suit, action or proceeding to enforce or arising out of or brought in any court in Commonwealth of Virginia or in  United States District Court for Eastern District of Virginia relating to this Agreement shall be the the the (the “Acceptable Forums”), and Seller and Guarantor waive personal service of process . Seller and Guarantor agree that the Acceptable Forums are convenient to them, submit to the jurisdiction of the Acceptable Forums and waive any and all objections to jurisdiction or venue . In the event a legal proceeding concerning this Agreement is initiated in any other forum, Seller and Guarantor waive any right to oppose any motion or application made by Purchaser to transfer such proceeding to an Acceptable Forum, or to dismiss the action on the grounds of forum non conveniens . This Agreement and any claim, dispute or controversy (whether in contract, tort, or otherwise) at any time arising from or relating to this Agreement is governed by, and this Agreement will be construed in accordance with Virginia law (to the extent not preempted by federal law) without regard to internal principles of conflict of laws. The legality, enforceability and interpretation of this  Agreement and the amounts contracted for under this Agreement will be governed by the laws of the Commonwealth of Virginia . Seller and Guarantor understand and agree that (i) Purchaser and/or Kapitus Servicing are located in Virginia, (ii) all final credit decisions are made from Virginia, (iii) the Agreement is made in Virginia (that is, no binding contract will be formed until Seller’s signed Agreement is received and accepted in Virginia) and (iv) Seller’s delivery of Receipts are not accepted until received in Virginia . This section shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.6. Counterparts; Facsimile and PDF Acceptance. Each of the Transaction Documents may be executed in one or more counterparts, each of which counterparts shall be deemed to be an original of each such Transaction Document, and all such counterparts for the respective Transaction  constitute one and  Transaction Document. Document shall the same such For purposes of the execution of each of the Transaction Documents, electronically transmitted PDFs, facsimile copies of signatures, or electronically transmitted copies of signatures complying with the US Federal ESIGN Act of 2000 (e.g. www.docusign.com) shall be treated as  original signatures for all purposes. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4 . 7 Waiver of Remedies . No failure on the part of Purchaser to exercise, and no delay in exercising, any right under the Transaction Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right under the Transaction Documents preclude any other or further exercise thereof or the exercise of any other right . The remedies provided hereunder are cumulative and not exclusive of any remedies provided by law or equity . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.8 Solicitations. Seller and Guarantor authorize the Purchaser Parties to communicate with, solicit and/or market to Seller and Guarantor via regular mail, telephone, electronic mail and facsimile in connection with the provision of goods or services by the Purchaser Parties, their affiliates or any third party that the Purchaser Parties share, transfer, exchange, disclose or provide information with and will hold the Purchaser Parties harmless against any and all claims pursuant to the federal CAN - SPAM ACT of 2003 (Controlling the Assault of Non - Solicited Pornography and Marketing Act of 2003 ), the Telephone Consumer Protection Act (TCPA), and any and all other state or federal laws relating to transmissions or solicitations by and any of the methods described above. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of  the Purchase Agreement. DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 7 Kapitus - FPA - T&C 2021 - 09 - 07 4.9 Survival of Representation, etc. Except as otherwise provided herein, all representations, warranties and covenants herein, including those in the Security Agreement and the Guaranty shall survive the execution and delivery of the Purchase Agreement and shall continue in full force until all obligations under the Purchase Agreement shall have been satisfied in full and the Purchase Agreement shall have terminated . Notwithstanding any terms to the contrary contained herein : (i) the Security Agreement and the Guaranty shall survive, in their entirety, the delivery of the Purchased Amount and the termination of the Purchase Agreement ; and (ii) in the event that Purchaser must return any amount paid by Seller, Guarantor, any other guarantor, entity or person with respect to the obligations arising under the Transaction Documents, including without  limitation, arising from or relating to, Seller, Guarantor, any other guarantor, entity or person becoming subject to a proceeding under the United States Bankruptcy Code or any similar law (whether arising under Federal or State law), and/or any other legal proceeding or alternative dispute resolution proceeding, all representations, warranties and covenants and other obligations under the Transaction Documents and any addendum thereof (if any) shall remain in full force and effect and Seller and Guarantor shall be obligated for any such amounts repaid, as well attorneys’ fees, costs and interest in connection with such proceeding. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.10 Severability, Savings. In case any of the provisions in the Transaction Documents are found to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of any other provision contained therein shall not in any way be affected or impaired and the Transaction Documents shall be construed as if such provision had not been included . If any provisions of these Sale Terms and Conditions are in conflict with any other agreement to which any parties are subject, the provisions of the Purchase Agreement shall control . Should any provision of the Transaction Documents require judicial interpretation, the court interpreting or construing the provision shall not apply the rule of construction that a document is to be construed more strictly against one Party . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.11 Entire Agreement. The Transaction  Documents embody the entire agreement between Seller, Guarantor(s), and Purchaser and supersede all prior agreements and understandings relating to the subject matter hereof . This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.12 JURY TRIAL WAIVER. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO WAIVE TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY MATTER ARISING IN CONNECTION WITH OR IN ANY WAY RELATED TO THE TRANSACTION DOCUMENTS OR THE ENFORCEMENT  THE PARTIES HEREOF.  HERETO ACKNOWLEDGE THAT MAKES THIS EACH  WAIVER KNOWINGLY, WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF  THE RAMIFICATIONS OF THIS WAIVER WITH ATTORNEYS. THIS SHALL SURVIVE, THEIR  PROVISION  IN ITS ENTIRETY, THE DELIVERY OF  THE RECEIPTS PURCHASED AND THE TERMINATION OF THE PURCHASE AGREEMENT. 4 . 13 CLASS ACTION WAIVER . THE PARTIES HERETO WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST ANY OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION. TO THE EXTENT A PARTY IS PERMITTED TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION, THE PARTIES AGREE THAT : ( 1 ) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION AND ( 2 ) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION. THIS PROVISION IS A MATERIAL INDUCEMENT FOR PURCHASER TO ENTER INTO THIS AGREEMENT . THIS PROVISION SHALL SURVIVE, IN ITS ENTIRETY, THE DELIVERY OF THE RECEIPTS PURCHASED AND THE TERMINATION OF THE PURCHASE AGREEMENT . 4 . 14 Successors ; Assigns ; Amendment . Purchaser and any Principal may assign, transfer or sell its right to receive the Purchased Amount or delegate its duties hereunder, either in whole or in part . Purchaser reserves the rights to sell or assign this Agreement with or without prior written notice to Seller . Seller shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of Purchaser which consent may be withheld in Purchaser’s sole discretion . The Transaction Documents shall be binding upon and inure to the benefit of the heirs, executors, trustees, administrators, legal representatives, successors, transferees and assigns of the  Parties. This provision shall survive, in its entirety, the delivery of the Receipts purchased and the termination of the Purchase Agreement . 4.15 ARBITRATION. PLEASE READ THIS PROVISION OF THE AGREEMENT CAREFULLY. A SEPARATE AGREEMENT BETWEEN THE PARTIES PROVIDES THAT DISPUTES MAY BE RESOLVED BY BINDING ARBITRATION.  ARBITRATION REPLACES THE RIGHT TO GO TO COURT, HAVE A JURY TRIAL OR INITIATE OR PARTICIPATE IN A CLASS ACTION . IN ARBITRATION, DISPUTES ARE RESOLVED BY AN ARBITRATOR, NOT A JUDGE OR JURY. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN IN COURT . Signatures on Next Page DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

SELLER AND GUARANTOR ACKNOWLEDGE AND AGREE TO BE BOUND BY THE SALE TERMS AND CONDITIONS. THE  TERMS, DEFINITIONS, CONDITIONS, AND INFORMATION SET FORTH IN THE “PURCHASE AGREEMENT”, “SECURITY  AGREEMENT”, AND THE “GUARANTY” (AS APPLICABLE) ARE HEREBY SUBJECT TO AND MADE A PART OF THE SALE  TERMS AND CONDITIONS. CAPITALIZED TERMS NOT DEFINED IN THE SALE TERMS AND CONDITIONS, SHALL HAVE  THE MEANING SET FORTH IN THE “PURCHASE AGREEMENT,” “SECURITY AGREEMENT” OR “GUARANTY,” AS  APPLICABLE. SELLER By Henry Levinski,  Owner (Print Name and Title) GUARANTOR By Henry  Levinski (Print Name) GUARANTOR By N/A (Print Name) GUARANTOR By N/A (Print Name) (Signature) (Signature) (Signature) (Signature) USE OF PROCEEDS CERTIFICATION This Use of Proceeds Certification is part of (and incorporated by reference into) the Purchase Agreement. Each signatory below, on behalf of each Seller or Guarantor, hereby certifies the following to the Purchaser: 1. The entirety of the Purchase Price will be used in the ordinary course of business . 2. The entirety of the Purchase Price will be used exclusively for a Business Purpose and no other . A Business Purpose as applied to use of proceeds obtained under this Purchase Agreement refers solely to the purchase and acquisition of specific products or services used for the following purposes only : (i) working capital, (ii) business insurance (but not self - insurance programs), (iii) franchise fees, (iv) employee training, (v) the purchase of equipment, (vi) inventory, (vii) business supplies and raw materials, and (viii) the construction, renovation or improvement of facilities (but not the purchase of real estate) . Business Purpose does not include : (a) payment for, or purchase of, any items, goods, materials real property, personal property or services for personal, individual or household use ; or (b) use of funds for any proceeding under the United States Bankruptcy Code or any similar law (whether arising under Federal or State law) and/or any other legal proceeding or alternative dispute resolution proceeding . SELLER By Henry Levinski,  Owner (Print Name and Title) GUARANTOR By Henry  Levinski (Print Name) GUARANTOR By N/A (Print Name) GUARANTOR By N/A (Print Name) (Signature) (Signature) (Signature) (Signature) DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 Page 8 Kapitus - FPA - T&C 2021 - 09 - 07

    	 

    	 

    

Page 1 Kapitus - FPA - Security Agreement 2021 - 09 - 07 SECURITY AGREEMENT S ECURIT Y I NTERES T .   T o s ec ure S elle r’s d eli v e ry of  t he Recei p t s pur c h a s e d  a nd o t h e r ob li g ati ons t o P ur c h a s e r und e r  t he T r a ns acti on Do c u me n t s, S elle r h e r e by gr a n t s  t o Pur c h a s e r a s ec ur it y i n te r e st i n: ( i )  al l acc oun t s, acc oun t s  r ecei v a b l e , c on t r act s, r ea l prop e r t y lea s e s, no te s, b ill s, acce p ta n c e s, c hoos e s  i n  acti on, c h atte l p a p e r,  i ns t ru me n t s,  do c u me n t s a nd o t h e r for m s of ob li g ati ons a t a ny  tim e ow i ng  t o t he S elle r a r i s i ng out of goods  s o l d or  lea s e d or for  s e rv ice s r e nd e r e d by S elle r, t he pro cee ds  t h e r e of a nd  al l of S elle r's r i gh t s w it h r e sp ec t t o  a ny goo d s r e pr e s e n te d  t h e r e by, wh et h e r or not d eli v e r e d, goods r et urn e d by  c us t o me rs  a nd al l r i gh t s  a s  a n unp ai d v e ndor or  lie nor, i n cl ud i ng  r i gh t s of s t opp a ge i n  t r a ns i t a nd of r ec ov e r i ng p o ss e ss i on by pro cee d i ngs i n cl ud i ng r e p le v i n a nd r ecla m ati on, t og et h e r  w it h al l c u s t o me r li s t s, boo k s  a nd r ec ords,  le dg e r a nd  acc ount ca rds,  c o m pu te r ta p e s, s of t w a r e , d i sks, pr i n t ou t s  a nd  r ec ords, wh et h e r now  i n  e x i s te n c e or h e r ea f te r c r eate d, r elati ng t h e r et o ( c o llecti v e l y r e f e rr e d t o h e r ei n a f t e r a s  "Recei v a b l e s ") ; ( ii ) al l i nv e n t ory, i n cl ud i ng w it hout limita t i on, al l goods  ma nuf act ur e d or  ac qu i r e d for  s al e or  lea s e ,  a nd a ny p iec e goods, r a w  mate r i al s, work  i n pro ce ss  a nd f i n i sh e d me r c h a nd i s e , f i nd i ngs or  c o m pon e nt mate r ial s, a nd  al l supp lie s, goods,  i n ci d e n t a l s, off ic e s upp lie s, p ac k a g i ng mate r i a l s a nd  a ny  a nd al l item s us e d or  c onsu me d i n  t he  op e r ati on of  t he bus i n e ss of S elle r or  w h ic h ma y  c on t r i bu t e t o  t he f i n i sh e d produ c t or  t o  t he s ale , pro m o ti on a nd  sh i p me nt t h e r e of, i n wh ic h S elle r n o w or  a t a ny  tim e h e r ea f te r ma y h a ve a n  i n te r e s t , wh et h e r or not t he s am e i s  i n  t r a ns i t or  i n t he c ons t ru cti v e , act u a l or  e x cl us i ve o cc up a n c y or po s s e ss i on of S elle r or  i s h el d by S elle r or by o t h e rs for  S elle r's  acc ount ( c o llecti v e l y r e f e rr e d t o h e r ei n a f te r a s  "Inve n t ory"); ( iii ) goo d s,  i n cl ud i ng w it hout lim i tati on, al l  mac h i n e ry, e qu i p me n t , p a r t s, supp lie s, a pp a r at us,  a pp lia n c e s, t oo l s, f itti ngs, furn it ur e , furn i sh i ngs, f i x t ur e s a nd  a r ticle s  of  ta ng i b l e p e rson a l prop e r t y of  e v e ry d e s c r i p ti on n o w or h e r ea f te r o wn e d by  t he S elle r or  i n wh ic h S elle r  ma y h a ve   or  ma y h e r ea f te r ac qu i re a ny i n te r e s t , a t a ny l o cati on ( c o llec t i v el y r e f e rr e d  t o h e r ei n a f te r a s  "E qu i p me n t" ) ; ( i v) g e n e r a l  i n ta ng i b l e s i n wh ic h  t he S elle r now h a s or h e r ea f te r ac qu i r e s a ny r i gh t s,  i n cl ud i ng but not limite d t o,  ca us e s of  acti on,  c orpor at e or bus i n e ss r ec ords,  i nv e n ti ons, d e s i gns, p ate n t s, p ate nt a pp lica t i ons, t r a d ema rks, t r a d ema rk r e g i s t r ati ons  a nd a pp licati ons t h e r e for, goodw ill , t r a de n ame s,  t r a de s ec r et s,  t r a de pro ce ss e s,  c opyr i gh t s, c opyr i ght r e g i s t r ati ons a nd  a pp lic a ti ons t h e r e for, lice ns e s, p e r mit s, fr a n c h i s e s,  c us t o me r li s t s,  c o m pu te r progr am s, al l claim s und e r gu a r a n tie s, ta x  r e fund claim s, r i gh t s  a nd  claim s a g ai nst ca rr ie rs a nd sh i pp e rs,  lea s e s, claim s und e r  i nsur a n c e po licie s, al l r i gh t s  t o  i nd em n i f i ca t i on a nd  al l o t h e r i n ta ng i b l e p e rson a l prop e r t y a nd  i n tell e ct u a l prop e r t y of  e v e ry k i nd  a nd n at ure  ( c o lle c ti v el y r e f e rr e d t o h e r ei n a f te r a s  "Inta ng i b le s ") ; (v)  al l t he ca p ita l s t o c k, bon d s, no te s, p a r t n e rsh i p  i n te r e s t s,  mem b e r i n te r e s t s i n limite d lia b ilit y c o m p a n ie s, a nd o t h e r s ec ur itie s, i f  a ny, h el d of r ec ord or b e n e f ic i all y by  t he  S elle r, i n cl ud i ng w it hout limi t ati on t he ca p it a l s t o c k of  al l subs i d ia r ie s of  t he S elle r, a nd  t he S elle r's  i n te r e s t s i n  al l  s ec ur itie s brok e r a ge acc oun t s ( c o llecti v el y r e f e rr e d  t o h e r ei n a f te r a s  "Inve s tme n t s ") ; (v i ) al l ca sh on h a nd  a nd on  d e pos i t i n b a nks,  t rust c o m p a n ie s a nd s imila r i ns tit u ti ons, a nd al l prop e r t y  acc oun te d for  i n t he S elle r's f i n a n cia l  s tateme n t s a s  "ca sh  e qu i v ale n t s" ( c o llec t i v el y r e f e rr e d t o h e r ei n a f te r a s  "C a sh"); (v ii )  al l o t h e r a ss et s, pro cee ds  a nd  item s not d i r ectl y r e f e rr e d t o h e r ei n a s  t hose te r m s a re d e f i n e d i n Ar ticl e 9 of  t he Un i form C o mme r c i a l C ode und e r  a pp lica b l e f e d e r a l a nd s tat e la w ( c o llecti v el y r e f e rr e d t o h e r ei n a f t e r a s  “ U C C Ar ticl e 9 I tem s ” ); (v iii ) al l acce ss i ons t o,  subs tit u ti ons for,  a nd  al l r e p lace m e n t s, produ ct s  a nd pro cee ds of  t he Recei v a b le s, Inv e n t ory, E qu i p me n t , In ta ng i b le s,  Inv e s tme n t s, Ca sh  a nd U C C Ar ticl e 9 I tem s ( c o llecti v el y r e f e rr e d t o h e r ei n a f t e r a s  "Collate r a l") , i n cl ud i ng w it hout  limi t ati on pro cee ds of  i nsur a n c e po licie s i nsur i ng t he C o llate r a l ; a nd ( i x) books  a nd r ec ords r elati ng t o  a ny of  t he  C o llate r a l ( i n cl ud i ng w it hout limi t ati on, c us t o me r d ata , c r e d i t f ile s,  c o m pu te r progr am s, pr i n t ou t s,  a nd o t h e r  c o m pu te r  mate r i al s a nd r ec ords of  t he S elle r p e r tai n i ng t o a ny of  t he C o llate r al ), w h et h e r now or h e r ea f te r own e d or  ac qu i r e d by  S elle r a nd wh e r e v e r l o cate d; a nd  al l pro cee ds of  t he for e go i ng. If  t he T r a ns acti on Do c u me n t s or  a ny  a dd e nda i d e n ti fy  m ore t h a n one S elle r, t h i s S ec ur it y Agr eeme nt a pp lie s t o  eac h S elle r, j o i n tl y a nd s e v e r all y. Seller and Guarantor acknowledge and agree that any security interest granted to Purchaser under any other  agreement between Seller and Purchaser will secure the obligations hereunder, and that the Seller’s  obligations  secured by this Security Agreement, and the Collateral granted hereunder, shall be perfected under any previously  filed UCC - 1 or UCC - 3 statement, perfecting Purchaser’s interest in the  Collateral. DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Page 2 Kapitus - FPA - Security Agreement 2021 - 09 - 07 Seller and Guarantor further acknowledge and agree that if, in the future, Seller enters into any agreement with  Purchaser, any security interest granted to Purchaser under such future agreements will relate back to this Security  Agreement, and that the Seller and/or Guarantor’s obligations, and the Collateral granted, under such future  agreements, shall relate back to, be perfected under, and made a part of, any previously filed  UCC - 1 or UCC - 3  statement, perfecting Purchaser’s interest in the Collateral. C ROSS - C OLLATERAL . To secure Seller’s delivery of the Receipts purchased and other obligations to Purchaser under  the Purchase Agreement, Seller and each Guarantor hereby grants Purchaser a security interest in all assets and equity  interests in the following collateral: China Infrastructure Construction Corp, PRECISION RESEARCH  INSTITUTE, LLC (the “ Additional Collateral ”). Seller and each Guarantor understands that Purchaser will have a  security interest in the aforesaid Additional Collateral upon execution of this Security Agreement. Each of Seller and each Guarantor acknowledges and agrees that any security interest granted to Purchaser under any  other agreement between Seller and/or Guarantor and Purchaser will secure the obligations hereunder, and that the  Seller and/or Guarantor’s payment and performance obligations under the Purchase Agreement, and secured by this  Security Agreement, and the Collateral and Additional Collateral granted hereunder, shall be perfected under any  previously filed UCC - 1 or UCC - 3 statement, perfecting Purchaser’s interest in the Collateral and  Additional  Collateral. Each of Seller and each Guarantor further acknowledges and agrees that, if Seller and/or Guarantor enter into future  agreements with Purchaser, any security interest granted to Purchaser under such future agreements will relate back to  this Security Agreement, and that the Seller and/or Guarantor’s obligations, and the Collateral and Additional  Collateral granted, under any such future agreements, shall relate back to, be perfected under, and made a part of, any  previously filed UCC - 1 or UCC - 3 statement, perfecting Purchaser’s interest in the Collateral and  Additional Collateral. Each of Seller and each Guarantor agree to execute any documents or take any action in connection with this  Security  Agreement as Purchaser deems necessary to carry out the purpose of such agreements including, without limitation, to  perfect or maintain Purchaser’s security interest in the Collateral and the Additional Collateral, including the execution of any account control agreements. Each of Seller and each Guarantor hereby authorizes Purchaser to file  any financing statements deemed necessary by Purchaser to perfect or maintain Purchaser’s security interest, which  financing statement may contain notification that Seller and Guarantor have granted a negative pledge to Purchaser  with respect to the Collateral and the Additional Collateral, and that any subsequent Purchaser or lienor may be  tortiously interfering with Purchaser’s rights. Each Seller and each Guarantor shall be jointly and severally liable for  and shall pay to Purchaser upon demand all costs and expenses, including but not limited to attorney’s fees and costs,  which may be incurred by Purchaser in protecting, preserving and enforcing Purchaser’s security interest and rights. N E G ATIV E P LED GE .   S elle r a nd  eac h G u a r a n t or a gr ee s not t o  c r eate , i n c ur,  a ssu me , or p e r mi t t o  e x i s t , d i r ectl y or  i nd i r ec t l y, a ny  a dd iti on a l f i n a n ci ngs, l o a ns,  lie n or o t h e r e n c u m br a n c e of  a ny k i nd w it h r e sp ec t t o  a ny of  t he C o llate r a l or  t he Add iti on a l C o llate r a l , a s  a pp lica b l e , w it hout t he pr i or w r itte n p e r mi ss i on of Pur c h a s e r. C ERTI F ICATE D C O LLATERA L . If a ny of t he C o llate r a l a nd / or A dd iti on a l C o llate r a l i s n o w or i n t he fu t ure e v i d e n ce d or r e pr e s e n te d by a ce r ti f ica t e or ce r ti f i c ate s, eac h S elle r a nd eac h Gu a r a n t or s h al l imme d i a tel y, a nd w it hout t he n ee d t o be no ti f ie d, d eli v e r su c h ce r ti f ic a te (s) t o Pur c h a s e r, du l y e ndors e d i n a ma nn e r s ati sf act ory t o Pur c h a s e r, t o be h el d a s C o llate r a l a nd / or Add iti on a l C o llate r a l pursu a nt t o t h i s S ec ur it y Agr eeme n t . C O NSEN T T O E NTE R P RE M ISE S AN D A SSI GN L EAS E .  Pur c h a s e r sh al l h a ve t he r i ght t o c ure S elle r’s d e f a u l t i n  t he  p a y me nt of r e nt for  t he P r emi s e s on  t he fo ll ow i ng te r m s: In  t he e v e nt S elle r or Gu a r a n t or a re s e rv e d w it h p a p e rs  i n  a n  acti on a g ai nst S elle r for nonp a y me nt of r e nt or for su mma ry e v icti on, S elle r or Gu a r a n t or sh al l pro m p tl y prov i de DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Purchaser with such papers and Purchaser may execute its rights and remedies under the Assignment of Lease  pursuant to Section 2.12 of the Sale Terms and Conditions. Seller also agrees that Purchaser may enter into an  agreement with Seller’s landlord giving Purchaser the right to: (a) enter Seller’s Premises and to take possession of  the fixtures, equipment and other Collateral therein for the purpose of protecting and preserving same; and (b) to  assign Seller’s lease to another qualified Seller capable of operating a business comparable to Seller’s at such  Premises. R E M EDIE S .  Upon  a ny  E v e nt of D e f a u lt , Pur c h a s e r  ma y pu r sue a ny r eme dy a v aila b l e a t la w ( i n cl ud i ng t hose a v aila b l e  und e r t he prov i s i ons of  t he U CC ), or  i n e qu it y t o  c o llect , e nfor ce , or s ati sfy a ny ob li g ati ons t h e n o w i ng, w h et h e r by  accele r ati on or o t h e rw i s e . THE TERMS, DEFINITIONS, CONDITIONS AND INFORMATION SET FORTH IN THE “PURCHASE  AGREEMENT”, “SALE TERMS AND CONDITIONS”, AND THE “GUARANTY” (AS APPLICABLE) ARE  HEREBY INCORPORATED IN AND MADE A PART OF THIS SECURITY AGREEMENT. CAPITALIZED  TERMS NOT DEFINED IN THIS SECURITY AGREEMENT, SHALL HAVE THE MEANING SET FORTH IN  THE “PURCHASE AGREEMENT,” “SALE TERMS AND CONDITIONS” OR “GUARANTY,” AS  APPLICABLE. SELLER By Henry Levinski,  Owner (Print Name and Title) GUARANTOR By Henry  Levinski (Print Name) GUARANTOR By N/A (Print Name) GUARANTOR By N/A (Print Name) (Signature) (Signature) (Signature) (Signature) DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 Page 3 Kapitus - FPA - Security Agreement 2021 - 09 - 07

    	 

    	 

    

Page 1 Kapitus - FPA - Guaranty 2021 - 09 - 07 Contract# 7010281 GUARANTY P ERS O NA L G UARAN T Y OF P ER FO R M ANC E .   Eac h und e rs i gn e d Gu a r a n t or h e r e by un c ond iti on a l l y gu a r a n tee s t o  Pur c h a s e r  t he M e r c h a n t ’s p e rfor ma n c e of  al l of  t he r e pr e s e n tati ons, w a rr a n tie s,  c ov e n a n t s ma de by S elle r i n  t he  Pur c h a se Agr eeme n t , t he S al e Te r m s  a nd C ond iti ons,  t he S ec ur it y A gr eeme n t , G u a r a n t y, a nd A gr eeme nt t o Arb it r at e  ( c o lle c ti v el y, t he “T r a ns acti on Do c u me n t s ” ), a s  eac h ma y be r e n e w e d, ame nd e d, e x te nd e d or o t h e rw i se m od i f ie d  from tim e t o  tim e ( t he “ Gu a r a n tee d Ob li g ati ons ” ).  Gu a r a n t or sh al l be lia b l e for  a nd P ur c h a s e r ma y  c h a rge a nd  c o lle c t  al l c os t s  a nd  e xp e ns e s,  i n cl ud i ng but not lim i te d t o att orn e ys’ f ee s a nd  c ourt c os t s, wh ic h ma y be i n c urr e d by  Pur c h a s e r  i n c onn ecti on w it h t he c o llec t i on of  a ny or  al l of  t he Gu a r a n tee d Ob li g ati ons from Gu a r a n t or or  t he  e nfor ceme nt of  t he T r a ns acti on Do c u me n t s.  (It i s und e rs t ood by  al l p a r tie s t h a t G u a r a n t ors a re on l y gu a r a n teei ng t h a t  t h e y w il l not ta ke a ny  acti on or p e r mi t t he S elle r t o  ta ke a ny  acti on t h a t i s a br eac h of  t he T r a ns acti on Do c u me n t s a nd  i s not ma k i ng a n  a bso l u t e gu a r a n t y of r e p a y me n t .) G UARANT OR W AIVE R S .  In  t he e v e nt t h a t S elle r f ail s  t o d eli v e r Recei p t s g e n e r ate d due t o G u a r a n t or’s acti ons or  mal f ea s a n c e , or Gu a r a n t or o t h e rw i se f ail s t o p e rform a ny ob li g ati on or  c ov e n a nt und e r  t he T r a ns acti on D o c u me n t s,  Pur c h a s e r  ma y e nfor c e it s r i gh t s und e r t h i s Gu a r a n t y or  a ny of  t he o t h e r T r a ns acti on Do c u me n t s w it hout f i rst s ee k i ng  t o ob tai n p a y me nt from t he S elle r, a ny o t h e r gu a r a n t or, or  t hrough t he S ec ur it y Agr eeme n t . Purchaser does not have to notify Guarantor of any of the following events, and Guarantor will not be released  from  its obligations under this Guaranty, if it is not notified of: (i) Merchant’s failure to deliver timely the Receipts due or  to pay any amount owed under the Purchase Agreement; (ii) any material or adverse change in Merchant’s financial  condition or business operations; (iii) any sale or other disposition of any collateral securing the Guaranteed  Obligations, including all collateral listed in the Security Agreement, or any other guarantee of the Guaranteed  Obligations; (iv) Purchaser’s acceptance of this Guaranty; (v) any renewal, extension or other modification of any of  the Transaction Documents and/or Merchant’s other obligations to Purchaser; and (vi) the Purchaser’s pursuit and/or  enforcement of any rights and remedies, available at law and in equity, relating to, and/or arising from, the  Transaction Documents. In addition, Purchaser may take any of the following actions without releasing Guarantor from any of its  obligations  under this Guaranty: (i) renew, extend or otherwise modify any of the Transaction Documents or Merchant’s other  obligations to Purchaser; (ii) release Seller from its obligations to Purchaser; (iii) sell, release, impair, waive or  otherwise fail to realize upon, any collateral securing the Guaranteed Obligations or any other guarantee of the  Guaranteed Obligations; (iv) foreclose on any collateral securing the Guaranteed Obligations or any other guarantee  of the Guaranteed Obligations in a manner that impairs or precludes the right of Guarantor to obtain reimbursement  for payment under this Guaranty; and (v) pursuit and/or enforcement of any rights and remedies, available at law and  in equity, relating to, and/or arising from, the Transaction Documents. Until all of Merchant’s obligations to  Purchaser under any of the Transaction Documents are satisfied in full, Guarantor shall not seek reimbursement from  Seller or any other guarantor for any amounts paid by Guarantor under any of the Transaction  Documents. Guarantor permanently waives and shall not seek to exercise the following rights that Guarantor may have against  Merchant, any other guarantor or third party, any collateral, or any other real or personal property for any  amounts  paid by Guarantor, any other guarantor, or third party, or acts performed by Guarantor, any other guarantor, or third  party, under the Transaction Documents including, without limitation: (i) subrogation; (ii) reimbursement; (iii)  performance; (iv) indemnification; or (v) contribution. In the event that Purchaser must return any amount paid by  Merchant, any guarantor, entity, or person with respect to the Guaranteed Obligations, including, without limitation,  any Merchant, guarantor, entity or person becoming subject to a proceeding under the United States Bankruptcy Code DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

Contract# 7010281 or any similar law, (whether arising under Federal or State law), and/or any other Insolvency Proceeding, legal  proceeding or alternative dispute resolution proceeding, the Guaranteed Obligations under this Guaranty shall remain  in full force and effect and Guarantor shall be obligated for any such amounts repaid as well as attorneys’ fees, costs,  and interest in connection with such proceeding. G UARANT OR A C K N OWLE D G E M EN T .   G u a r a n t or ac know le dg e s t h at : ( i ) h e/ she und e rs ta nds  t he s e r i ousn e s s of  t he  prov i s i ons of  t h i s G u a r a n t y ; ( ii ) h e/ she h a s h a d a fu l l oppor t un it y t o  c onsu l t w it h  c ouns e l of h i s / h e r  c ho ice ; a nd ( iii )  h e/ she h a s  c onsu lte d w it h  c ouns e l of h i s / h e r c ho ic e or h a s d eci d e d not t o a v ai l h im s el f / h e rs el f of  t h a t oppor t un it y. J O IN T AN D S EVERA L L IABILIT Y .   T he ob li g ati ons h e r e und e r of  t he p e rsons or  e n titie s c o n s tit u t i ng Gu a r a n t or und e r  t h i s G u a r a n t y a re j o i nt a nd s e v e r al . CONSENT TO RECEIVE AUTODIALED AND PRERECORDED CALLS AND MESSAGES PURCHASER, Kapitus Servicing and their subsidiaries and affiliates (collectively, “KAPITUS”) may from time to time notify applicant(s) of various promotional offers and other marketing information, or contact Merchant(s) and Guarantor(s) in connection with the servicing of the Transaction Documents, or in connection with any default under the Transaction Documents . By signing this Guaranty, Guarantor(s) expressly consent and authorize KAPITUS to call, send text messages, and/or send other electronic messages (including prerecorded or artificial voice messages) using an automatic telephone dialing system to any telephone number provided by Merchant(s) or Guarantor(s) in the Transaction Documents, any and all applications or any administrative form or other means, including cellular phone numbers and landlines, regardless of their inclusion on any do not call list, for purposes of servicing, collections, marketing or promoting any product offered by KAPITUS . Guarantor(s) further expressly consent and authorize KAPITUS to record all calls with KAPITUS . Please note that you are not required to consent to be called for marketing or promotional purposes in order to qualify for financing or obtain any other products or services from KAPITUS . If you do not agree to be called for marketing or promotional purposes, please call ( 844 ) 547 - 9396 or email DNC@kapitus . com . THE TERMS, DEFINITIONS, CONDITIONS AND INFORMATION SET FORTH IN THE “PURCHASE  AGREEMENT”, “SALE TERMS AND CONDITIONS”, AND THE “SECURITY AGREEMENT” (AS  APPLICABLE) ARE HEREBY INCORPORATED IN AND MADE A PART OF THIS GUARANTY.  CAPITALIZED TERMS NOT DEFINED IN THIS GUARANTY SHALL HAVE THE MEANING SET FORTH  “PURCHASE AGREEMENT”, “SALE TERMS AND CONDITIONS”, AND THE “SECURITY AGREEMENT,”  AS  APPLICABLE. GUARANTOR By Henry  Levinski (Print Name) GUARANTOR By N/A (Print Name) GUARANTOR By N/A (Print Name) (Signature) (Signature) (Signature) DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 Page 2 Kapitus - FPA - Guaranty 2021 - 09 - 07

    	 

    	 

    

1 AGREEMENT TO ARBITRATE PLEASE READ THIS AGREEMENT CAREFULLY . THIS AGREEMENT TO ARBITRATE (“AGREEMENT”) PROVIDES THAT DISPUTES BETWEEN STRATEGIC FUNDING SOURCE, INC . D/B/A KAPITUS AND ITS SUBSIDIARIES AND AFFILIATES, INCLUDING BUT NOT LIMITED TO KAPITUS LLC AND KAPITUS SERVICING, INC . (COLLECTIVELY, “KAPITUS”), ON ONE HAND, AND PHARMACOLOGY UNIVERSITY FW, LLC/ HENRY LEVINSKI/ DANTE PICAZO, D/B/A PHARMACOLOGY UNIVERSITY AND HENRY LEVINSKI, (COLLECTIVELY, “YOU” OR “MERCHANT”) (EACH A “PARTY” AND TOGETHER WITH KAPITUS, “THE PARTIES”) MAY BE RESOLVED BY BINDING ARBITRATION . ARBITRATION REPLACES THE RIGHT TO GO TO COURT, HAVE A JURY TRIAL OR INITIATE OR PARTICIPATE IN A CLASS ACTION . IN ARBITRATION, DISPUTES ARE RESOLVED BY AN ARBITRATOR, NOT A JUDGE OR JURY . ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN IN COURT . THIS AGREEMENT IS GOVERNED BY THE FEDERAL ARBITRATION ACT (“FAA”), AND SHALL BE INTERPRETED IN THE BROADEST WAY THAT LAW WILL ALLOW . I. Covered Claims. a. You or Kapitus may arbitrate any claim, dispute or controversy between the Parties arising out of and/or related to : (i) this Agreement ; (ii) any other agreement between the Parties ; and/or (iii) the relationship between the Parties, whether or not related to a contract between them (“Claims”) . b. If arbitration is chosen by any Party in accordance with Section III below, no Party will have the right  to litigate the Claims in court or to have a jury trial on the Claims. c. Except as stated below, all Claims are subject to arbitration, no matter what legal theory they are based on or what remedy (damages, or injunctive or declaratory relief) they seek, including Claims based on contract, tort (including intentional tort), fraud, agency, Merchant’s or Kapitus’s negligence, statutory or regulatory provisions, or any other sources of law ; Claims made as counterclaims, cross - claims, third - party claims, interpleaders or otherwise ; Claims made regarding past, present, or future conduct ; and Claims made independently or with other claims . This also includes Claims made by or against anyone connected with Kapitus or Merchant or claiming through Kapitus or Merchant, or by someone making a claim through Kapitus or Merchant, such as a co - applicant, authorized user, employee, agent, representative or an affiliated/parent/subsidiary company . Threshold issues of whether any claim is arbitrable also are subject to arbitration in accordance with this Agreement . II. Arbitration Limits. a. Claims brought as part of a class action, private attorney general or other representative action can be arbitrated only on an individual basis . The arbitrator has no authority to arbitrate any claim on a class or representative basis and may award relief only on an individual basis . If arbitration is chosen by any Party, neither Merchant nor Kapitus may pursue a Claim as part of a class action or other representative action . b. Claims of two or more persons may not be combined in the same arbitration . However, applicants, co - applicants, authorized users on a single account and/or related accounts, or corporate affiliates or entities under common ownership or control of a Party are deemed one person for purposes of this Agreement . DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

2 III. How Arbitration  Works. a. Arbitration shall be conducted by the American Arbitration Association (“AAA”) according to this arbitration provision and the applicable AAA Commercial Arbitration Rules in effect when the claim is filed (“AAA Rules”), except where those rules conflict with this arbitration provision . Merchant can obtain copies of the AAA Rules at the AAA’s website ( www . adr . org ) . Merchant or Kapitus may choose to have a hearing, appear at any hearing by phone or other electronic means, and/or be represented by counsel . Notwithstanding any terms to the contrary, any in - person hearing will be held in Arlington, Virginia . The arbitration shall be conducted and the award shall be rendered in English . b. Arbitration may be requested any time, even where there is a pending lawsuit, unless discovery has fully and finally concluded, and/or a final judgment entered . Neither Merchant nor Kapitus waives the right to arbitrate by filing or serving a complaint, answer, counterclaim, or motion in a lawsuit . To choose arbitration, a Party must file a motion to compel arbitration in a pending matter or commence arbitration by submitting the required AAA forms and requisite filing fees to the AAA . c. The arbitration shall be conducted by a single arbitrator agreed to by the Parties within twenty ( 20 ) days of receipt by respondent of the request for arbitration (unless an extended time period is agreed to by the Parties) . In the event the Parties are unable to agree upon the selection of the arbitrator, the arbitrator shall be selected in accordance with this arbitration provision and the AAA Rules for appointing an arbitrator from the AAA National Roster . The selected arbitrator may limit discovery . The arbitrator shall not apply any federal or state rules of civil procedure for discovery, but the arbitrator shall honor claims of privilege recognized at law and shall take reasonable steps to protect account information and other confidential information of any Party if requested to do so . Except as may be required by law, neither a Party nor the arbitrator may disclose the existence, content or results of any arbitration without the prior written consent of both parties, unless to protect or pursue a legal right . The arbitrator shall apply the substantive laws of the jurisdiction specified in any contract between the parties . If no jurisdiction is specified or if multiple jurisdictions are specified in various contracts among the Parties, the substantive laws of the Commonwealth of Virginia shall apply, without regard to any applicable principals of conflicts of law . d. The arbitrator shall make any award in writing and, if requested by Merchant or Kapitus, shall include a reasoned opinion for the award . An arbitration award shall decide the rights and obligations only of the parties named in the arbitration, and shall not have any bearing on any other person or dispute . e. The arbitrator shall have no authority to award punitive damages, consequential damages, or other damages not measured by the prevailing Party’s actual damages, except as required by statute or allowed under any agreement between the Parties . IV. Paying for Arbitration Fees. a. Arbitration fees will be allocated according to the applicable AAA Rules . All parties are responsible for their own attorney’s fees, expert fees and any other expenses unless the arbitrator awards such fees or expenses to Kapitus based on a contract between the parties or applicable law . b. The Parties agree that failure or refusal of a Party to pay its required share of the deposits for arbitrator compensation or administrative charges shall constitute a waiver by that Party to present evidence or cross - examine witnesses . In such event, the other Party shall be required to present evidence and legal argument as the arbitrator(s) may require for the making of an award . Such waiver shall not allow for a default judgment against the non - paying Party in the absence of evidence presented as provided for above . DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

3 V. The Final  Award. a. Any award rendered by the arbitrator shall be final, and binding on the Parties, and may be entered and enforced in any court having jurisdiction, and any court where a Party or its assets is located (to which jurisdiction the Parties consent for the purposes of enforcing such award) unless a Party appeals such award in writing to the AAA within 30 days of notice of the award pursuant to the AAA’s Optional Appellate Arbitration Rules . The arbitration appeal shall be determined by a panel of 3 arbitrators . The panel will consider all facts and legal issues anew based on the same evidence presented in the prior arbitration and will make decisions based on a majority vote . Arbitration fees for the arbitration appeal shall be allocated according to the applicable AAA Rules . An award by a panel on appeal is final . A final award is subject to judicial review as provided by applicable law . VI. Miscellaneous. a. Survival . This Agreement shall survive : (i) termination of the account or the relationship between Merchant and Kapitus ; (ii) repayment of any amounts owed by Merchant to Kapitus ; (iii) the termination of any other agreement between Merchant and Kapitus ; (iv), the filing of any petition or institution of any proceeding by or against any Party under any provisions of the Bankruptcy Reform Act, Title 11 of the United States Code, or any other similar law relating to bankruptcy, insolvency or other relief for debtors, or general affecting creditor’s rights or seeking the appointment of a receiver, trustee, custodian, administrator or liquidator of or for any Party’s assets ; (v) any sale, transfer and/or assignment of Merchant’s account with Kapitus, or amounts owed on Merchant’s account, to another person or entity ; (vi) the closure, suspension, dissolution or termination of Merchant’s business ; and (vi) the sale, transfer, and/or assignment of Merchant’s business, any interest therein that constitutes a change of control in such business, and/or substantially all of Merchant’s assets . b. Severability. If any part of this Agreement is deemed invalid or unenforceable, the other terms shall remain  in force, except that there can be no arbitration and/or litigation of a class or representative Claim. c. Entire Agreement, Amendment, Successors, and Assigns. This Agreement contains the entire understanding among the Parties concerning the subject matter hereof . No representation, promise, statement of intention has been made by any Party concerning the subject matter hereof that is not embodied in this Agreement, and no Party shall be bound by, or liable for, any such alleged representation, promise or statement of intention not set forth herein . This Agreement may not be amended, modified, severed or waived, except through a written agreement between Merchant and Kapitus . All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, trustees, administrators, representatives, receivers, liquidators, successors, transferees, and assigns of the Parties . This Agreement shall not be assignable or otherwise transferrable by Merchant without Kapitus’s prior written consent to be exercised solely in Kapitus’s discretion . Kapitus may assign or otherwise transfer this Agreement . d. Counterparts ; Electronic Signatures . This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which together shall constitute one instrument . Electronically transmitted PDFs, facsimile copies of signatures, or electronically transmitted copies of signatures complying with the US Federal ESIGN Act of 2000 (e . g . www . docusign . com) shall be treated as original signatures for all purposes . e. Authorization . Merchant, and the person(s) signing this Agreement on behalf of Merchant, have full power and authority to incur and perform the obligations under this Agreement, all of which have been duly authorized . DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71

    	 

    	 

    

f. Waiver . No failure on the part of Kapitus to exercise, and no delay in exercising, any right under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right under this Agreement preclude any other or further exercise thereof or the exercise of any other right . The remedies provided hereunder are cumulative and not exclusive of any remedies provided by law or equity . g. Further Assurances . Each Party agrees to take all reasonable steps necessary to effectuate the terms of this Agreement . The Parties agree that they will take all actions, execute, and deliver any and all documents reasonably necessary to carry out the intent and purpose of this Agreement, including, without limitation any documents and fees necessary for the commencement and conduct of arbitration as set forth herein . h. No Interpretation of Captions or Headings . The captions and headings within this Agreement are for ease of reference only and are not intended to create any substantive meaning or to modify the terms and clauses either following them or contained in any other provision of this Agreement i. Notices . All notices, requests, consent, demands and other communications hereunder shall be delivered by certified mail, return receipt requested, to Kapitus at 2500 Wilson Boulevard, Suite, 350 , Arlington, VA 22201 , and to Merchant and/or Guarantor at the address(es) provided by Merchant or Guarantor to Kapitus and as reflected in Kapitus’s system of record, and shall become effective only upon receipt . In addition, all notices, requests, consent, demands and other communications must be emailed to  generalcounsel@kapitus.com and hlevinski@pharmacologyuniversity.com, dpicazo@msn.com. MERCHANT By Henry Levinski,  Owner (Print Name and Title) KAPITUS By (Company Officer or Designee) GUARANTOR By Henry  Levinski (Print Name) GUARANTOR By N/A (Print Name) GUARANTOR By N/A (Print Name) (Signature) (Signature) (Signature) (Signature) (Signature) DocuSign Envelope ID: 49EACEF4 - 5F55 - 45DF - B3B3 - EFD2DF278F71 4Exhibit 10.9

 

First Electronic Bank Revolving Credit Agreement

 

MASTER REVOLVING CREDIT AGREEMENT

 

 

 

THIS MASTER REVOLVING CREDIT AGREEMENT
is effective as of the date of acceptance (the "Effective Date") by the approved borrower (the "Borrower") that has
requested First Electronic Bank and its successors and assigns (the "Lender") to provide a revolving credit facility to the
Borrower on the terms and conditions set forth herein.

 

PLEASE READ THIS AGREEMENT CAREFULLY. BY
ACCESSING OR USING ANY PART OF THE SITE WITH RESPECT TO LOANS TO BE PROVIDED UNDER THIS AGREEMENT, THE BORROWER ACKNOWLEDGES AND
AGREES THAT THE BORROWER HAS READ THIS AGREEMENT, THAT THE BORROWER UNDERSTANDS THIS AGREEMENT AND ITS TERMS AND CONDITIONS,
INCLUDING THE ARBITRATION AGREEMENT SET FORTH IN SECTION 9, AND THAT THE BORROWER AGREES TO BE BOUND LEGALLY BY THIS AGREEMENT AND
ITS TERMS AND CONDITIONS, INCLUDING THE AGREEMENT TO ARBITRATE CERTAIN DISPUTES. IF THE BORROWER DOES NOT AGREE WITH THE TERMS AND
CONDITIONS OF THIS AGREEMENT AND THE ARBITRATION AGREEMENT CONTAINED HEREIN, THE BORROWER IS NOT GRANTED PERMISSION BY THE LENDER TO
ACCESS OR OTHERWISE USE THE SITE OR RECEIVE LOANS UNDER THIS AGREEMENT.

 

 RECITALS

 

A.  The
Borrower has requested through the Borrower Dashboard that the Lender make a revolving credit facility available to the Borrower, and
the A. Lender has agreed to do so under certain terms and conditions.

 

B.  The Borrower and the Lender desire
to set forth the mutually agreed upon terms and conditions of such revolving credit facility in this Agreement.

 

NOW, THEREFORE, in consideration of the
Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties intending
to be legally bound agree as follows:

 

AGREEMENT

 

			

		1.	1. Definitions; Incorporation.

		1.	a. Definitions. As used in this Agreement, capitalized words and phrases will have the meanings
set forth in Section 10 or as otherwise provided in this Agreement.

		2.	b. Incorporation. Information regarding the Credit Limit and the Loans, including, without
limitation, the number of payments and the amount of any interest, fees and other charges, is set forth in the Borrower Dashboard (as
updated from time to time by the Lender, the "Loan Information"), and such Loan Information is incorporated into this
Agreement by reference and shall be a part of this Agreement for all purposes. Any and all references to this Agreement will include the
Loan Information. If there is a conflict or inconsistency between the terms of this Agreement and the Loan Information, the Loan Information
will control.

		2.	2. The Revolving Credit Facility.

		1.	a. Lending Limit. On the terms and subject to the conditions set forth in this Agreement,
the Lender agrees that it shall establish a revolving credit facility in favor of the Borrower in an amount set forth in the Loan Information
(the "Revolving Credit Facility"). From time to time before the Maturity Date, Lender shall make one or
more advances under the Revolving Credit Facility (each, a "Loan" and collectively, the "Loans") in
aggregate outstanding amounts not to exceed, at any one time, the Credit Limit. Amounts borrowed under this Agreement and repaid may be
re-borrowed as provided in this Agreement.

 

 

    	 	1	 

     

    

 

		2.	b. Security. The Borrower hereby assigns, transfers, conveys, pledges, mortgages and grants
to the Lender a security interest and lien in any and all accounts, accounts receivable, chattel paper, contract rights, documents, equipment,
fixtures, general intangibles, goods, instruments, inventory, securities, deposit accounts, investment property and all other property
of whatever nature and kind, wherever located, in which the Borrower now or hereafter has any right or interest and in any and all cash
and non-cash proceeds (including rental proceeds, insurance proceeds, accounts and chattel paper arising out of or related to the sale,
use, rental or other disposition thereof) of and to all of the foregoing (collectively, "Collateral") to secure the prompt payment,
performance and fulfillment of this Agreement and all present and future indebtedness and obligations of the Borrower to the Lender. Without
limiting the foregoing, the Borrower grants the Lender a security interest in the Collateral to secure the Obligations. The Borrower hereby
authorizes the Lender to file one or more financing statements, and any other lien-related forms or documents relating to the Collateral,
from time to time as the Lender deems in its sole discretion appropriate, in any jurisdiction (and the Borrower shall execute any financing
statement or amendment thereto). The Borrower hereby irrevocably appoints the Lender as the true and lawful attorney-in-fact of the Borrower,
coupled with an interest, with full power in the Borrower’s name, place and stead to execute financing statements on the Borrower’s
behalf and to do any and all other acts on the Borrower’s behalf necessary or helpful to perfect and continue perfection of the
Lender’s security interest granted in the Collateral pursuant to the Uniform Commercial Code or other applicable law, including,
but not limited to, completing, as needed, and correcting, any errors and omissions concerning descriptions, serial numbers or other descriptive
information relating to the Collateral.

		3.	c. Calculation of Interest. Commencing on the date hereof and continuing until repayment in full
of all Loans, the unpaid principal balance of the Loans shall bear interest at a rate per annum equal to the Interest Rate as in effect
from time to time during the applicable calculation period for each Loan. Without limiting the generality of Section 8(b), upon
the occurrence of an Event of Default, the unpaid principal balance of the Loans shall also incur additional default charges as described
in Section 3(f) for so long as the Event of Default remains outstanding and uncured.

		4.	d. Payment of Principal and Interest. Any amount advanced under a Loan, and any
credit in respect thereof, shall be entered into the

Borrower Dashboard. The Borrower shall
make timely payments of principal, interest and applicable fees and charges due under this Agreement on a weekly basis in fixed, equal
payment amounts, representing principal, interest and applicable fees and charges specified by the Lender for each Loan in the Loan Information
prior to the Borrower’s acceptance of each such Loan. The duration of the payments shall be agreed by the Borrower and Lender as
disclosed in the Loan Information. The Borrower shall make all such payments of principal, interest and applicable fees and charges in
accordance with procedures established by the Lender, as may be amended from time to time upon notice to the Borrower. Without limiting
the foregoing, the Borrower shall pay the outstanding principal amount and all accrued but unpaid interest (as calculated in accordance
with Section 2(c)) of each Loan on or before the applicable Maturity Date for each Loan. The Borrower may optionally repay any
portion of the Loans in accordance with Section 3(h) of this Agreement.

		5.	e. Waiver of Presentment and Demand. The Borrower, for itself, its successors and assigns, hereby
waives diligence, presentment, protest, and demand and notice of protest, demand, dishonor, and nonpayment of any of the Loans.

		6.	f. Termination of Revolving Credit Facility. The Borrower may, at any time and
for any or no reason, advise the Lender in writing that the Borrower will no longer request Loans under this Agreement, and satisfy all
Obligations owing to the Lender by payment in full of all amounts outstanding under all Loans (which payment is Indefeasible). The Lender
may, at any time and for any or no reason, advise the Borrower in writing (including through the Borrower Dashboard) that the Lender will
not make any future Loans under this Agreement and Borrower shall satisfy all Obligations owing to the Lender by payment in full of all
amounts outstanding under all Loans (which payment is Indefeasible). If, for any reason, any portion of any payment to the Lender is set
aside or restored, whether voluntarily or involuntarily, then the Loan intended to be satisfied by that payment shall be revived and continued
in full force and effect as if the payment had not been made, and the Borrower shall be liable for the full amount the Lender is required
to repay plus any and all costs and expenses (including reasonable attorneys’ fees paid by the Lender in connection with any related
litigation or resolution of such claims). Any termination of this Agreement by the Borrower shall not affect the rights and obligations
of the parties which may exist before the effective date of such termination nor any rights and obligations that, by their nature, continue
after termination of this Agreement.

 

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		3.	3. Loan Advances, Use of Proceeds, and Payments.

		1.	a. Use of Proceeds. The proceeds of all Loans shall be utilized only for business or commercial
purposes in connection with Borrower’s business, including, without limitation, to fund documented Invoices issued by Borrower in
the course of providing goods and services to its customers, which Invoices have been approved by Lender through the Site ("Authorized
Advance"). Without limiting the foregoing, Borrower represents, warrants and covenants that the proceeds of the Loans will be
used exclusively for business or commercial purposes, and not for any personal, family or household purposes.

		2.	b. Loans. The Borrower may request Loans (a "Loan Request") in connection
with Authorized Advances by submitting an online request through the Borrower Dashboard for the principal amount of the Loan (each day
upon which the Borrower requests a Loan is hereinafter referred to as a "Loan Request Date").

		3.	c. Disbursements. So long as (i) an Event of Default does not exist, (ii) the aggregate outstanding
balance of the Loans does not exceed the Credit Limit, (iii) the Lender has approved the Loan based on evidence provided by the Borrower
that the proceeds of the Loan will be used in compliance with this Agreement, (iv) all conditions to making Loans set forth in Section
4 of this Agreement have been met, and (v) the Lender has not terminated its commitment to fund Loans, the Lender shall disburse a
Loan pursuant to a Loan Request made by the Borrower in accordance with Section 3(b). Any request made after 1pm Pacific Time on
a Business Day may not be disbursed until the next Business Day. Any disbursement by the Lender of a Loan shall not be deemed to mean
that the Borrower has complied with its Obligations hereunder in respect of such Loan or otherwise. The Lender shall transfer the proceeds
of any Loan provided by the Lender into the designated bank account established by the Borrower and approved by the Lender through the
Site.

		4.	d. Nature and Place of Payments. All payments made on account of the Loans shall be automatically
debited from the Borrower’s designated bank account via Automated Clearing House (ACH) pursuant to a valid authorization by the
Borrower, without setoff or counterclaim in lawful money of the United States in the form of electronic deposits in immediately available
funds into the Lender’s designated Payment Account or as the Lender may otherwise direct, free and clear of and without deduction
for any taxes (except as required by law), fees, or other charges of any nature whatsoever imposed by any taxing authority. On the applicable
Maturity Date, the Lender shall automatically debit all outstanding amounts via ACH pursuant to such valid authorization by the Borrower.
Any payment received after 1pm Pacific Time on a Business Day by the Lender will be considered to have been made by the Borrower on the
next succeeding Business Day and, at the election of the Lender, interest thereon shall be payable by the Borrower at the Interest Rate
during such extension. If any payment required to be made by the Borrower under this Agreement becomes due and payable on a day other
than a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, at the election of the Lender, interest
thereon shall be payable at the then applicable rate during such extension. The Borrower acknowledges and agrees that it shall not have
access to the Payment Account and that all proceeds made or transferred to the Payment Account shall be applied to the Obligations of
Borrower.

		5.	e. Payment Application. The Lender may apply all sums received to the payment of
principal, interest and other fees and charges on the Loans in such order and with such priority as the Lender may determine within its
sole discretion, unless otherwise required by law. The Borrower agrees that each Loan and the Lender’s related records shall be
conclusive evidence of the Loans with respect to the Borrower that may be owed to the Lender at any time, absent manifest error.

		6.	f. Postmaturity Interest. During the continuation of any Event of Default, any Loans not
paid when due (whether at stated maturity, upon acceleration or otherwise) shall incur additional transaction and advance fees as set
forth in the Loan Information.

		7.	g. Computations. All computations of interest payable under this Agreement shall be based
upon a year of 360 days for the actual number of days elapsed.

		8.	h. Prepayments. The Borrower may prepay Loans under this Agreement in whole or
in part at any time upon written notice to the Lender. The Borrower shall pay in connection with any prepayment under this Agreement all
interest accrued but unpaid on Loans and other fees and charges to which such prepayment is applied, concurrently with payment to the
Lender of any principal amounts, as set forth in the Loan Information.

		9.	i. Guaranty. If requested by the Lender as support for the Loans, the Borrower will cause
to be executed and delivered to the Lender a guaranty in form and substance satisfactory to the Lender (a "Guaranty")
by each Guarantor.

 

 

    	 	3	 

     

    

 

		4.	4. Conditions to Making Loans.

1. a. First Loan. The
first Loan shall be limited to the amount set forth in the Loan Information in the Borrower Dashboard. As conditions precedent to the
Lender’s obligation to make the first Loan under this Agreement, at and as of the date of the funding thereof:

		1.	i. Delivery of Documents by Borrower. The Borrower shall have delivered electronically
to the Lender, in form and substance satisfactory to the Lender and its counsel a duly executed copy of this Agreement in accordance with
Section 9(i) of this Agreement;

		2.	ii. Delivery of Documents by Guarantors. If requested by the Lender pursuant to
Section 3(i), each Guarantor shall have delivered or shall have had delivered to the Lender, in form and substance satisfactory
to the Lender and its counsel, a duly executed Guaranty;

		3.	iii. Additional Information. The Borrower shall have delivered or shall have had delivered to
the Lender, in such form and substance as is satisfactory to the Lender and its counsel, such authorizations and information concerning
the Borrower and its business, operations, and condition (financial and otherwise), as the Lender may request;

		4.	iv. Documents Enforceable. All acts and conditions (including, the obtaining of any necessary
regulatory approvals and the making of any required filings, recordings, or registrations) required to be done and performed and to have
happened precedent to the execution, delivery, and performance of the Loan Documents and to constitute the same legal, valid, and binding
obligations, enforceable in accordance with their respective terms, shall have been done and performed and shall have happened in due
and strict compliance with all applicable laws; and

		5.	v. Documents Satisfactory to Lender. All documentation, including documentation for organizational
and legal proceedings in connection with the transactions contemplated by the Loan Documents shall be satisfactory in form and substance
to Lender and its counsel.

2. b. All Loans. As conditions
precedent to the Lender’s obligation to make any Loan under this Agreement (including, the first Loan), at and as of the date of
the funding thereof:

		1.	i. The representations and warranties of the Borrower contained in the Loan Documents shall be accurate
and complete;

		2.	ii. There shall not have occurred an Event of Default or Potential Default;

		3.	iii. Following the making of such Loan, the aggregate principal amount of Loans outstanding will not
exceed the Credit Limit; and

		4.	iv. The Lender shall not have terminated its commitment to make Loans.

3. c. Loan Stacking Prohibited.
The Lender prohibits "loan stacking", which means any series of transactions occurring within a ninety(90-) day period, during
which Obligations under the Agreement are outstanding, in which the Borrower maintains loans from three or more lenders in addition to
the Lender, unless the Lender has given prior written consent to the Borrower to exceed such number of loans. The Borrower acknowledges
and agrees that any occurrence of loan stacking as defined in this Section 4(c) shall be an Event of Default under the Agreement,
and Lender, at its option, shall have the right thereafter to cease making Loans under the Agreement, and to declare

an Event of Default as to all outstanding
Loans, which shall then become immediately due and payable, without demand or presentment to the Borrower, which are expressly waived
by the Borrower. Without limiting the foregoing, the Lender may immediately exercise all rights, powers and remedies available to it under
the Agreement, at law, in equity or otherwise. The Lender reserves the right to change the loan stacking policy set forth in this Section
4(c) with respect to any Loan Request by including the updated policy in the Loan Information in the Borrower Dashboard.

		5.	5. Representations and Warranties of the Borrower.

 

As an inducement to the Lender to enter
into this Agreement and to make Loans as provided in this Agreement, the Borrower represents and warrants to the Lender that:

 

 

 

    	 	4	 

     

    

 

		1.	a. Financial Condition. The Borrower (i) is solvent, (ii) is adequately capitalized, (iii) has
not incurred Indebtedness that would be beyond its ability to pay as such debts mature, and (iv) will not be rendered insolvent nor left
with unreasonably small capital as a result of the Obligations or performance of the terms under this Agreement.

		2.	b. Valid Existence; Compliance with Law. The Borrower (i) is duly organized, validly
existing, and in good standing under the laws of its jurisdiction of organization and is qualified to do business in each jurisdiction
where its ownership of property or conduct of business requires such qualification and where failure to qualify would have a material
adverse effect on the Borrower or its property and/or business or on the ability of the Borrower to pay or perform the Obligations, (ii)
has the power and authority and the legal right to own and operate its property and to conduct business in the manner in which it does
and proposes so to do, and (iii) is in compliance with all Requirements of Law (including, securities laws) and Contractual Obligations.

		3.	c. Authorization; Enforceable Obligations. The Borrower has the power and authority
and the legal right to execute, deliver, and perform the Loan Documents to which it is a party and has taken all necessary organizational
action to authorize the execution, delivery, and performance of the Loan Documents. The Loan Documents have been duly executed and delivered
on behalf of the Borrower and constitute the legal, valid, and binding obligations of the Borrower enforceable against the Borrower in
accordance with their respective terms, subject to the effect of applicable bankruptcy and other similar laws affecting the rights of
creditors generally and the effect of equitable principles whether applied in an action at law or a suit in equity.

		4.	d. No Legal Bar. The execution, delivery, and performance of the Loan Documents, the borrowings
under this Agreement and the use of the proceeds thereof, will not violate any Requirement of Law or any material Contractual Obligation
of the Borrower.

		5.	e. No Material Litigation. No litigation, investigation, or proceeding of or before any
arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against the Borrower or against
its properties or revenues that is likely to be adversely determined and that, if adversely determined, is likely to have a material adverse
effect on the business, operations, property, or financial or other condition of the Borrower.

		6.	f. Taxes. The Borrower has filed or caused to be filed all tax returns that are required to be
filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property
other than taxes that are being contested in good faith by appropriate proceedings and as to which the Borrower has established adequate
reserves in conformity with GAAP.

		7.	g. Consents, etc. No consent, approval, authorization of, or registration, declaration
or filing with any governmental authority is required on the part of the Borrower in connection with the execution and delivery of the
Loan Documents or the performance of or compliance with the terms, provisions, and conditions hereof or thereof except those consents,
approvals, authorizations, registrations, declarations and/or filings, which have been obtained, granted or completed, as applicable.

		8.	h. Insurance. The business and properties of the Borrower are insured with financially sound
and reputable insurance companies (which are not Affiliates) reasonably acceptable to Lender, in such amounts, with such deductibles,
and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities
where the Borrower operates. As of the date hereof, all of Borrower’s insurance coverages are in full force and effect and all premiums
therefor have been duly paid.

		9.	i. Full Disclosure. None of the representations or warranties made by the Borrower in the Loan
Documents as of the date such representations and warranties are made or deemed made, and none of the statements contained in the exhibits,
reports, statements, certificates and other information furnished by or on behalf of the Borrower in connection with the Loan Documents,
taken as a whole, contains as of the delivery thereof any untrue statement of a material fact or omits or will omit any material fact
necessary to make the statements made therein, in light of the circumstances under which they are made, not misleading as of the time
when made or delivered.

 

 

 

    	 	5	 

     

    

 

1. 6. Affirmative Covenants.

 

The Borrower covenants and agrees with
the Lender that, as long as any Obligations (other than contingent, unmatured Obligations arising under provisions of this Agreement that
expressly survive termination) remain unpaid or the Lender has any obligation to make Loans under this Agreement, the Borrower shall:

 

		1.	a. Payment of Indebtedness. Pay, discharge, or otherwise satisfy at or before maturity
or before it becomes delinquent, defaulted, or accelerated, as the case may be, all its Indebtedness (including taxes), except Indebtedness
being contested in good faith and for which provision is made to the satisfaction of the Lender for the payment thereof in the event the
Borrower is found to be obligated to pay such Indebtedness and which Indebtedness is thereupon promptly paid by the Borrower.

		2.	b. Maintenance of Existence and Properties; Compliance. Maintain its organizational
existence and maintain all rights, privileges, licenses, approvals, franchises, properties, and assets necessary or desirable in the normal
conduct of its business, and comply with all Contractual Obligations and Requirements of Law.

		3.	c. Books and Records. Keep proper books of record and account in which full, true and correct
entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business
and activities.

		4.	d. Notices. Promptly give written notice to the Lender of:

		1.	i. The occurrence of any Potential Default or Event of Default;

		2.	ii. Any litigation or proceeding affecting the Borrower that could have a material adverse effect on
the business, operations, property, or financial or other condition of the Borrower; and

		3.	iii. A material adverse change in the business, operations, property or financial or other condition
of the Borrower.

		5.	e. Expenses. Pay all reasonable out-of-pocket expenses (including fees and disbursements
of counsel) of the Lender incident to the enforcement of payment of the Loans, whether by judicial proceedings or otherwise, and before
as well as after judgment including, in connection with bankruptcy, insolvency, liquidation, reorganization, moratorium, or other similar
proceedings involving the Borrower or a "workout" of the Loans. The obligations of the Borrower under this Section 6(e)
shall be effective and enforceable whether or not any Loan is made under this Agreement and shall survive payment of all other Obligations.

		6.	f. Insurance. Maintain with financially sound and reputable insurance companies insurance on
all such property and against all such risks as is consistent and in accordance with industry practice for companies similarly situated
owning similar properties and engaged in similar businesses as the Borrower.

		7.	g. Indemnification. Indemnify, defend, and hold harmless the Lender and each of its officers
and other employees, representatives, and agents (each, an "Indemnified Party") from and against any and all claims,
obligations, penalties, actions, suits, judgments, reasonable costs and disbursements, losses and liabilities (including, reasonable attorneys’
fees) of any kind whatsoever (collectively and severally, "Claims") that may at any time be imposed on, assessed against,
or incurred by such Indemnified Party in any way relating to or arising out of the Loan Documents or the transactions contemplated thereby
or any action taken or omitted to be taken by such Indemnified Party in connection with the foregoing; provided, however, that the Borrower
shall not be liable for any portion of any Claims arising out of or resulting from the gross negligence or willful misconduct of such
Indemnified Party. The indemnification obligations of the Borrower under this Agreement shall survive termination of this Agreement and
payment in full of the Obligations.

		8.	h. Further Assurances. Promptly on request by the Lender, do, execute, acknowledge, deliver,
record, re-record, file, re-file, register, and re-register any and all such further acts as the Lender may require from time to time
in order to (i) carry out more effectively the purposes of this Agreement or any other Loan Document, and (ii) assure, preserve, protect,
and confirm to the Lender the rights granted or now or hereafter intended to be granted to the Lender under any of the Loan Documents.

 

 

 

    	 	6	 

     

    

 

1. 7. Negative Covenants

 

The Borrower hereby agrees that, as long
as any Obligations (other than contingent, unmatured Obligations arising under provisions of this

Agreement that expressly survive termination)
remain unpaid or the Lender has any obligation to make Loans under this Agreement, the Borrower shall not, directly or indirectly:

 

		1.	a. Consolidation and Merger. Except with the consent of the Lender, liquidate or dissolve
or enter into any consolidation, merger or other combination unless the Borrower is the sole survivor thereof; have or experience any
change-in-control.

		2.	b. Consolidated Shareholders' Equity. The Borrower shall not permit or suffer Consolidated
Shareholders’ Equity to be less than U.S. $1.00 as of any time of determination.

1. 8. Events of Default

1. a. Events of Default.
Any of the following events is an Event of Default:

		1.	i. The Borrower shall fail to pay within three (3) Business Days of the date when due, as set forth
in the Loan Information for each Loan Request as indicated in the Borrower Dashboard, any installment payment on the Loans, fail to make
any payment necessary to ensure the Credit Limit is not exceeded, or fail to pay within three (3) Business Days of the date when due any
other Obligations under the Loan Documents;

		2.	ii. Any representation or warranty made by the Borrower in any Loan Document or in connection with any
Loan Document shall be inaccurate on or as of the date made and, if capable of being cured, shall remain uncured for five (5) Business
Days;

		3.	iii. The Borrower shall fail to maintain its organizational existence or shall default in the observance
or performance of any covenant or agreement contained in Section 7;

		4.	iv. The Borrower shall fail to observe or perform any other term or provision contained in the Loan
Documents and such failure shall continue for ten (10) Business Days;

		5.	v. The Borrower or any Guarantor shall default in any payment of principal of or interest on any Indebtedness
(other than the Loans) or any other event shall occur, the effect of which is to permit (A) any Indebtedness to be declared or otherwise
become due prior to its stated maturity, or (B) permit the holder or any Person on its behalf to cause any Indebtedness to be declared
or otherwise become due, or to require prepayment, repurchase, redemption or defeasance thereof, prior to its stated maturity;

		6.	vi. (A) The Borrower or the Guarantor, shall commence any case, proceeding or other action (I) under
any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, or relief of
debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition, or other relief with respect to it or its
debts, or (II) seeking appointment of a receiver, trustee, custodian, or other similar official for it or for all or any substantial part
of its assets, or the Borrower or the Guarantor shall make a general assignment for the benefit of its creditors; (B) there shall be commenced
against the Borrower or the Guarantor, any case, proceeding or other action of a nature referred to previously in clause (A) that (I)
results in the entry of an order for relief or any such adjudication or appointment or (II) remains undismissed, undischarged, or unbonded
for a period of sixty (60) days; (C) there shall be commenced against the Borrower or any Guarantor, any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint, or similar process against all or substantially all of its assets that
results in the entry of an order for any such relief that shall not have been vacated, discharged, stayed, satisfied, or bonded pending
appeal within sixty (60) days from the entry thereof; (D) the Borrower or the Guarantor, shall take any action in furtherance of, or indicating
its consent to, approval of, or acquiescence in (other than in connection with a final settlement), any of the acts set forth in clause
(A) or (B) above; or (E) the Borrower or the Guarantor shall generally not, or shall be unable to, or shall admit in writing, its inability
to pay its debts as they become due; or

		7.	vii. The Guarantor shall fail to observe or comply with any term or condition of the Guaranty, including
any failure to make any payment under the Guaranty, or shall attempt to rescind or revoke the Guaranty, with respect to future transactions
or otherwise.

 

 

 

    	 	7	 

     

    

 

2. b. Upon Default.
Automatically upon the occurrence of an Event of Default under Section 8(a)(vi), and at the option of the Lender upon the
occurrence of any other Event of Default, the Lender’s obligation to make Loans shall terminate and the Loans shall become immediately
due and payable, without demand upon or presentment to the Borrower, which are expressly waived by the Borrower, and the Lender may immediately
exercise all rights, powers, and remedies available to it at law, in equity or otherwise. The Borrower agrees to pay all collection expenses,
court costs, and reasonable attorneys’ fees and disbursements (whether or not a lawsuit or arbitration is commenced) of Lender that
may be incurred in connection with the collection or enforcement of all or any part of the Obligations.

 2. 9. Additional Miscellaneous Provisions

		1.	a. No Assignment. The Borrower may not assign, delegate or otherwise transfer its rights
or obligations under this Agreement without the prior written consent of the Lender. Any purported assignment, delegation or transfer
by the Borrower in violation of the previous sentence shall be automatically deemed null and void. Subject to the foregoing, all provisions
contained in this Agreement or any document or agreement referred to in this Agreement or relating to this Agreement shall inure to the
benefit of the Lender, its successors and assigns, and shall be binding upon the Borrower, its successors and assigns.

		2.	b. Amendment; No Waiver. This Agreement may only be amended by a writing signed by the
parties hereto, or by an electronic record that has been electronically signed by the parties hereto and has been rendered tamper-evident
as part of the signing process, including through the Borrower Dashboard. The exchange of email or other electronic communications discussing
an amendment to this Agreement, even if such communications
are signed, does not constitute a signed electronic record agreeing to such an amendment. It is expressly agreed and understood that the
failure by the Lender to elect to accelerate amounts outstanding under this Agreement and/or to terminate the obligation of the Lender
to make Loans under this Agreement shall not constitute an amendment or waiver of any term or provision of this Agreement or any other
Loan Document. No delay or failure by the Lender to exercise any right, power, or remedy shall constitute a waiver thereof by the Lender,
and no single or partial exercise by the Lender of any right, power, or remedy shall preclude other or further exercise thereof or any
exercise of any other rights, powers, or remedies.

		3.	c. Cumulative Rights. The rights, powers, and remedies of the Lender under this Agreement
are cumulative and in addition to all rights, powers, and remedies provided under any and all agreements between the Borrower and the
Lender relating to this Agreement, at law, in equity or otherwise.

		4.	d. Entire Agreement. This Agreement and the documents and agreements referred to in this
Agreement embody the entire agreement and understanding between the parties to this Agreement with respect to the subject matter hereof
and supersede all prior agreements and understandings relating to the same or similar subject matter.

		5.	e. Survival. This Agreement shall terminate as of the termination of the Lender’s commitment
to fund Loans. Section 5 and Section 6(g) of this Agreement, together with any other provisions of this Agreement necessary
to interpret or to enforce the provisions therein, shall survive the termination of this Agreement.

		6.	f. Notices. All notices required under this Agreement and other information concerning this Agreement
("Communications") shall be personally delivered or sent by first class mail, postage prepaid, or by overnight courier. In addition,
the Lender may, in its sole discretion, send such Communications to the Borrower electronically in the manner described in this Section.

 

Such Communications sent by personal delivery,
mail or overnight courier will be sent to the addresses on the signature page of this Agreement, or to such other addresses as the Lender
and the Borrower may specify from time to time in writing. Communications shall be effective (i) if mailed, upon the earlier of receipt
or five (5) days after deposit in the U.S. mail, first class, postage prepaid, or (ii) if hand-delivered, by courier or otherwise (including
telegram, lettergram or mailgram), when delivered.

 

 

 

    	 	8	 

     

    

 

Such Communications may be sent
electronically by the Lender to the Borrower (i) by transmitting the Communication to the electronic address provided by the
Borrower or to such other electronic address as the Borrower may specify from time to time in writing, (ii) by posting the
Communication on a website and sending the Borrower a notice to the Borrower’s postal address or electronic address telling
the Borrower that the Communication has been posted, its location, and providing instructions on how to view it, or (iii) by posting
the Communication on the Borrower Dashboard. Communications sent electronically to the Borrower will be effective when the
Communication, or a notice advising of its posting to a website, is sent to the Borrower’s electronic address.

 

1. g. Arbitration Agreement.

		1.	i. Consent to Arbitrate Disputes. Except as expressly excluded by this Section 9(g)
(this "Arbitration Agreement"), by clicking "Draw Funds" on the Borrower’s Dashboard or by accessing
or using any part of the Site with respect to Loans to be provided under this Agreement, the Borrower acknowledges and agrees that, at
the election of either the Borrower or the Lender, any Dispute will be resolved in accordance with the arbitration agreement set forth
in this Section 9(g). As used in this Agreement, the term "Dispute" is to be given the broadest possible meaning,
and includes without limitation disputes arising from or relating to (A) this Agreement, including without limitation, the terms, construction,
interpretation, performance, termination, breach, or enforceability of this Agreement, (B) any transactions effected pursuant to this
Agreement, (C) the terms of or change or addition of terms to this Agreement, (D) the collection or enforcement of any obligation arising
from this Agreement, (E) advertisements, promotions, or oral or written statements relating to this Agreement or any transactions between
us pursuant to this Agreement, (F) disputes between Borrower and Guarantor (if any) and Lender or Lender’s parent corporations,
and (G) disputes regarding the "making" (9 U.S.C. § 4), validity, enforceability, or scope of this agreement to arbitrate
or this Agreement, including but not limited to whether a given claim or dispute is subject to arbitration. The term "Dispute"
extends to and includes claims the Borrower asserts against the Lender that arose before the existence of this Agreement and the Borrower’s
claims arising out of or relating to this Agreement that arise after termination of this Agreement. The Borrower acknowledges and agrees
that if the Lender or the Borrower elects to arbitrate a Dispute (I) the Dispute will be resolved by an arbitrator on an individual basis
and not by a judge and jury, (II) the Borrower and the Lender will be limiting or foregoing rights that might otherwise exist in court
under applicable rules of evidence or civil procedure, (III) the Borrower and the Lender will be giving up their respective right to appeal
from the arbitrator’s decision regarding the Dispute, (IV) the Dispute will be resolved only on an individual basis and that the
Borrower will not be able to bring or participate as a representative plaintiff or class member in a class action with respect to any
Dispute, (V) the Borrower will not be able to arbitrate any Dispute in a private attorney general or other representative capacity, and
(VI) the arbitrator will have no authority to hear a class or representative action, or to join or consolidate a Dispute with that of
any other borrower.

		2.	ii. For purposes of this arbitration agreement, references to the Borrower and the Lender also include
their respective Affiliates, agents, employees, predecessors, successors and assigns, as well as authorized users or beneficiaries of
the Lender’s services.

		3.	iii. Exclusions. Either the Lender or the Borrower may file a motion, petition, complaint, counterclaim,
or cross-complaint or crosspetition in a court of competent jurisdiction in the state of Borrowers’ residence and each Party consents
to the jurisdiction of these courts:

		1.	(A) To enforce the arbitration provisions of this Section 9(g);

		2.	(B) To obtain monetary relief, or to foreclose on a lien or other security interest, solely on an individual
(not class action or representative) basis in an amount less than $25,000;

		3.	(C) To seek equitable remedies on a provisional basis pending arbitration; such equitable remedies shall
remain in place until the later of such time as the arbitrator’s award entering preliminary or permanent injunctive relief (or dissolving
or modifying a court-entered injunction) is (I) confirmed, or (II) the time for bringing a motion to confirm the arbitral award has expired
without a motion or petition for confirmation having been timely filed; or

 

 

 

    	 	9	 

     

    

 

		4.	(D) If the Borrower is a California resident and a Dispute involves a claim for public injunctive relief
under California law, the Borrower may bring that claim in court. If the Borrower brings that claim in court, the Borrower agrees that
the Lender may treat such a claim as a Dispute within the meaning of this Section 9(g) and that the Lender would then have the
right to elect arbitration, and if the Borrower refuses its demand, to move to enforce arbitration in accordance with the terms of this
Section 9(g) pursuant to the Federal Arbitration Act, 9 U.S.C. §§1 et seq. (the "FAA"). If the Lender
brings and loses that motion, the Borrower’s claim for public injunctive relief will be heard in court, but the Borrower agrees
to stay its claim in court for public injunctive relief pending (I) exhaustion of the Lender’s right to appeal in court from the
ruling against it, and (II) completion of arbitration of all other Disputes. If the Lender wins its motion, the Borrower’s claim
for injunctive relief will be decided in arbitration in accordance with the terms of this Section 9(g), meaning that the arbitrator
can award only such injunctive relief as is necessary to remedy the Borrower’s own alleged injury or to prevent future injury to
the Borrower alone.

		4.	iv. For the avoidance of doubt, if either party asserts in any way a claim or Dispute other than those
set out in Section 9 (g)(iii), the other party still may elect arbitration of these other claims or Disputes. In addition,
if Borrower, Guarantor or Lender files a Dispute in court, such action is not deemed to be a waiver of the right to compel arbitration
of any counterclaims, cross-claims, or separate claims that may be asserted.

		5.	v. Law Governing Agreement to Arbitrate. The Borrower acknowledges and agrees that
this Agreement evidences a transaction in interstate commerce. Accordingly, the agreement to arbitrate set forth in this Section 9(g)
is governed by the FAA, and not by any state law governing consolidation or joinder of parties or claims, the arbitrability of claims,
or the enforcement of class action or jury trial waivers

		6.	vi. Arbitration Procedure.

		1.	(A) How to elect arbitration of a dispute. The Borrower or the Lender may elect arbitration
by providing written notice to the other in accordance with Section 9(f).

		2.	(B) Number of arbitrators. All Disputes shall be resolved by a single arbitrator who shall be
a retired judge selected by the parties.

		3.	(C) Administration of arbitration. The arbitration shall be administered by JAMS and the arbitration
shall be conducted in accordance with the JAMS Streamlined Arbitration Rules & Procedures except as otherwise agreed in this Agreement.
If JAMS is unavailable to administer the arbitration, then the arbitration shall be administered by (I) the American Arbitration Association
("AAA") under its Commercial Arbitration Rules or (II) such other administrator as the parties agree to or, in the absence
of agreement, (III) as selected by a court. If the parties cannot agree upon an arbitrator, the arbitration administrator will select
a retired judge to serve as an arbitrator. JAMS or AAA may be contacted as follows: JAMS (18881 Von Karman Ave., Suite 350, Irvine, CA
92612, 1-800-352-5267, www.jamsadr.com); American Arbitration Association (120 Broadway, Floor 21, New York, NY 10271, 1-800-778-7879,
www.adr.org). The administrator’s rules are posted online. You should read these rules carefully.

		4.	(D) Location of arbitration. Any arbitration hearing will occur in the Borrower’s state
of residence at a place determined in accordance with the administrator’s rules. However, the Borrower and the Lender agree that
the arbitrator is authorized, in his or her discretion, to conduct special hearings at any other place for the purpose of receiving evidence that would otherwise be unavailable at the situs of the arbitration
and that the place for the special hearing selected by the arbitrator shall also be deemed a place where the arbitrator or "[is]
sitting" for purposes of Section 7 of the FAA. The Borrower and the Lender further agree that the arbitrator or any party may attend
any hearing electronically, and that the electronic, adjudicative (as opposed to physical) presence of the arbitrator at the hearing satisfies
the "[is] sitting" requirement of Section 7 of the FAA. To the extent permitted by applicable local law, the arbitrator is authorized
to conduct special hearings outside the United States to receive evidence not otherwise available within the United States. The Borrower
and the Lender agree that the arbitrator may appear and preside telephonically or electronically at such hearings and that any party may
also appear and participate telephonically or electronically. If the value of the relief sought is $10,000 or less, the Borrower or the
Lender may elect to have the arbitration conducted by telephone or based solely on written submissions, which election shall be binding
on the Borrower and the Lender subject to the arbitrator’s discretion to require an in-person hearing, if the circumstances warrant.

 

 

 

    	 	10	 

     

    

 

		5.	(E) Law to be applied by the arbitrator to resolve disputes in arbitration.
As provided in sub-section (v) of this Arbitration Agreement, the arbitrator shall apply the FAA to all questions arising under the FAA.
Subject to and to the extent not preempted by the FAA, the terms of this Arbitration Agreement, the rules of the administrator, and the
law of the State of Utah (without reference to its choice of law rules) shall be applied (in the foregoing order of priority) by the arbitrator
as the rule of decision in arbitration to issues that would be governed by state law if the Dispute were heard in court instead of in
arbitration; likewise, the arbitrator shall apply federal law to all questions of federal law that arise in arbitration. However, the
arbitrator shall not be bound by rulings in prior arbitrations or court proceedings involving different borrowers or users of the Lender’s
services.

		6.	(F) Authority of arbitrator. Subject to all applicable limitations of liability including
those set forth in Section 9(o), which shall be enforced by the arbitrator, the arbitrator is authorized to award remedies that would
be available on an individual basis if the action were heard in a court. The arbitrators shall honor claims of privilege in accordance
with federal law, if a federal claim is at issue, or applicable state law, if a claim governed by state law or foreign law is at issue.
The arbitrator shall apply applicable statutes of limitations. The arbitrators shall hear Motions to Dismiss or their equivalent and Motions
for Summary Judgment. The arbitrators shall determine such motions under Rules 12 and 56 of the Federal Rules of Civil Procedure (or their
equivalents if superseded) and case law construing these rules governing at the time of decision. Unless otherwise agreed by the parties,
a motion to dismiss shall be filed no later than the 60th day following the appointment of the arbitrator and heard by the arbitrator
within 30 days thereafter. The arbitrator shall rule on any motion to dismiss within 15 days of the hearing date on such motion. If the
arbitrator allows an amended pleading, then the opposing party shall have an opportunity to move to dismiss any amended pleading. A party
shall be entitled to bring a motion or motions for summary judgment at any point after the 60th day following notice of an election to
arbitrate and any such motion or motions shall be heard and determined no later than 4 weeks prior to the date of any evidentiary hearing
in the matter. The arbitrator has no authority to (i) certify a class, (ii) conduct a classwide arbitration, (iii) hear claims brought
in a representative or private attorney general capacity, or (iv) join or consolidate a Dispute (or the hearing respecting a Dispute)
with claims of persons other than the Borrower, the Lender, or their respective Affiliates, agents, employees, predecessors, successors
and assigns as well as authorized users or beneficiaries under this Agreement of Lender’s services. The arbitrator may award relief
(including monetary, injunctive, and declaratory relief) only in favor of the individual party seeking relief and only to the extent necessary
to remedy the party’s individual injury or to prevent future injury to that party alone; any relief awarded cannot affect other
borrowers or other users of the Lender’s services.

		7.	(G) Arbitral award and enforcement thereof. The arbitrator’s award shall be in writing
and shall provide a brief explanation of the arbitrator’s findings of fact and conclusions of law. The arbitrator’s award
shall be final and binding, and judgment on the award rendered by the arbitrator may be entered and/or confirmed in any court having jurisdiction.

		8.	(H) Additional Conditions. If any portion of this Arbitration Agreement cannot be enforced, the
unenforceable portion will be severed and the rest of this Section 9(g) will continue to apply. However, if (i) it is finally determined
that the class action waiver contained in this Section 9(g) cannot be enforced, or (ii) the arbitrator (contrary to this Section
9(g)) purports to decide a Dispute on a class or other representative basis, or to award injunctive relief that extends beyond that
necessary to remedy the Borrower’s own individual alleged injuries or to prevent future harm to the Borrower alone, then only this
sentence will apply and the remainder of this Arbitration Agreement will be void. In no event will a claim for class relief (or for injunctive
relief extending beyond the Borrower’s own individual alleged injuries or to prevent future harm to the Borrower alone) be arbitrated.

		9.	(I) Survival. The Borrower acknowledges and agrees that the arbitration agreement set forth in
this Section 9(g) survives termination of this Agreement to the extent provided herein.

 

 

 

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		2.	h. Transfers. The Borrower acknowledges that the Lender may elect to sell, assign, and otherwise
transfer to other Persons (each, a "Transferee") all or portions of, and participations in, the Lender’s interest
in Loans outstanding (and its commitment to make Loans) under this Agreement from time to time and expressly agrees that the holder of
any Loans or interest in this Agreement (or commitment to make Loans under this Agreement) shall be a "Lender" under this Agreement.
The Borrower agrees to execute and deliver to the Lender such documents, instruments, and agreements, including amendments to the Loan
Documents, deemed necessary or desirable by the Lender to effectuate transfers pursuant to this Section 9(h).

		3.	i. Electronic Documents; Counterparts. Electronic records and signatures may be
used in connection with the execution of this Agreement and the Loans Documents, in the Lender’s discretion. This Agreement and
the Loan Documents may be executed in as many counterparts as necessary or convenient, including both counterparts that are executed on
paper and counterparts that are electronic records and executed electronically, and by the different parties on separate counterparts
each of which, when so executed, (and any copy of an executed counterpart that is an electronic record) shall be deemed an original but
all such counterparts shall constitute but one and the same document. Delivery of a manually executed paper counterpart of this Agreement
(or of any Loan Document or other agreement or document required by this Agreement and any amendment to this Agreement) by telecopy or
other electronic imaging means shall be as effective as delivery of such manually executed paper counterpart; provided, however, that
the telecopy or other electronic image shall be promptly followed by a manually executed paper original if required by the Lender.

		4.	j. Accounting Terms. All accounting terms not otherwise defined in this Agreement are
used with the meanings given such terms under

GAAP.

		5.	k. Payments Set Aside. To the extent that the Borrower makes a payment or payments to
the Lender or the Lender exercises its rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or
any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to
any settlement entered into by the Lender in its discretion) to be repaid to a trustee, receiver, or any other party in connection with
any insolvency proceeding, or otherwise, then to the extent of such recovery the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had
not occurred.

		6.	l. Setoff. In addition to any rights and remedies of the Lender provided by law and to the extent
fully permitted by law, if an Event of Default exists, the Lender is authorized at any time and from time to time, without prior notice
to the Borrower, any such notice being waived by the Borrower (if permitted by law), to set off and apply any and all deposits (general
or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing to, the Lender to or for
the credit or the account of the Borrower against any and all Obligations owing to the Lender, now or hereafter existing, irrespective
of whether or not the Lender shall have made demand under this Agreement or any Loan Document and although such Obligations may be contingent
or unmatured. The Lender agrees promptly to notify the Borrower after any such setoff and application made by the Lender; provided, however,
that the failure to give such notice shall not affect the validity of such setoff and application.

		7.	m. Severability. Subject to Section 9(g), the illegality or unenforceability of any provision
of this Agreement or any other Loan Document or any instrument or agreement required under this Agreement shall not in any way affect
or impair the legality or enforceability of the remaining provisions hereof or thereof.

		8.	n. No Third Parties Benefited. This Agreement and the other Loan Documents are made and entered
into for the sole protection and legal benefit of the Borrower and the Lender, and their permitted successors and assigns, and no other
Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with,
this Agreement or any of the other Loan Documents. The Lender has no obligation to any Person not a party to this Agreement or other Loan
Documents.

 

 

 

    	 	12	 

     

    

 

		9.	o. Limitation of Liability. THE LENDER SHALL NOT BE LIABLE FOR INDIRECT, SPECIAL,
                                                               CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES DAMAGES OF THE BORROWER, INCLUDING BUT NOT LIMITED TO LOST PROFITS, LOSS OF DATA, LACK
                                                               OR LOSS OF PRODUCTIVITY, COST OF SUBSTITUTE EQUIPMENT, SERVICES, OR DOWNTIME COSTS EXCEPT THOSE WHICH ARISE PURSUANT TO THE
                                                               LENDER’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH CLAIM IN ADVANCE.

		10.	p. Warranty Disclaimer. THE SITE AND ALL SERVICES ON THE SITE
ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, AND WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED.
LENDER HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE,
FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND THOSE ARISING BY STATUTE OR FROM A COURSE OF DEALING OR USAGE OF TRADE. LENDER
DOES NOT GUARANTEE THAT THE SITE OR ANY SERVICE ON THE SITE WILL BE FREE OF BUGS, SECURITY BREACHES, OR VIRUS ATTACKS. THE SITE AND SERVICES
MAY OCCASIONALLY BE UNAVAILABLE FOR ROUTINE MAINTENANCE, UPGRADING, OR OTHER REASONS. THE BORROWER AGREES THAT THE LENDER WILL NOT BE
HELD RESPONSIBLE FOR ANY CONSEQUENCES TO THE BORROWER OR ANY THIRD PARTY THAT MAY RESULT FROM TECHNICAL PROBLEMS OF THE INTERNET, SLOW
CONNECTIONS, TRAFFIC CONGESTION OR OVERLOAD OF THE LENDER’S OR OTHER SERVERS. EXCEPT AS EXPRESSLY STATED IN THE LENDER’S
PRIVACY POLICY, THE LENDER DOES NOT MAKE ANY REPRESENTATIONS, WARRANTIES OR CONDITIONS OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE SECURITY
OF ANY INFORMATION THE BORROWER MAY PROVIDE OR ACTIVITIES THE BORROWER ENGAGES IN DURING THE COURSE OF THE BORROWER’S USE OF THE
SITE AND ANY SERVICES ON THE SITE. THE LENDER IS NOT ACTING AS A BUSINESS ASSOCIATE OR SUBCONTRACTOR (AS SUCH TERMS ARE DEFINED AND USED
IN HIPAA) AND THE SERVICES PROVIDED BY THE LENDER ARE NOT HIPAA COMPLIANT. THE LENDER HAS NO LIABILITY UNDER THIS AGREEMENT FOR SENSITIVE
DATA.

                                                                                                                                        

                                                                                                                                        

 

1. 10. Definitions

 

For purposes of this Agreement, the terms
set forth below shall have the following meanings:

 

"Affiliate" shall mean,
as to any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with,
such Person.

 

"Agreement" shall mean
this Master Revolving Credit Agreement, as the same may be amended, modified, supplemented, extended or replaced from time to time.

 

"Borrower Dashboard"
shall mean the Web Dashboard established on the Site for the Borrower’s account.

 

"Business Day" shall
mean any day other than a Saturday, a Sunday, or a day on which Lender is authorized or obligated to close its regular banking business.

 

"Consolidated Shareholders’
Equity" shall mean, as of any date of determination, the remainder of (a) the total assets of the Borrower and its consolidated
subsidiaries minus (b) the sum of all liabilities of the Borrower and its consolidated subsidiaries, in each case that would be
reflected on a consolidated balance sheet of the Borrower and its consolidated subsidiaries as of that date in accordance with GAAP.

 

 

 

    	 	13	 

     

    

 

"Contractual Obligations"
as to any Person shall mean any provision of any security issued by such Person or of any agreement, instrument, or undertaking to
which such Person is a party or by which it or any of its property is bound.

 

"Credit Limit" shall
mean the dollar amount set forth in the Loan Information in the Borrower Dashboard, as such amount may be increased or decreased by the
Lender in its sole discretion and reflected in the Loan Information from time to time.

 

"GAAP" shall mean generally
accepted accounting principles in the United States in effect from time to time.

 

"Governmental Authority"
shall mean any nation or government, any state or other political subdivision thereof, or any entity exercising executive, legislative,
judicial, regulatory, or administrative functions of or pertaining to government.

 

"Guarantor" shall mean
a guarantor of the Loans.

 

"HIPAA" means the Health
Insurance Portability and Accountability Act of 1996, as amended.

 

"Indebtedness" means,
for any Person, at any time, and only to the extent outstanding at such time (a) obligations created, issued or incurred by such Person
for borrowed money, (b) obligations of such Person to pay the deferred purchase or acquisition price of property or services, other than
trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business, so
long as such trade accounts payable are payable within ninety (90) days of the date the respective goods are delivered or the respective
services are rendered, and (c) any other indebtedness of such Person evidenced by a note, bond, debenture or similar instrument. Indebtedness
will exclude non-recourse Indebtedness and exclude all Indebtedness that is not reflected on the Borrower’s financial statements
such as Indebtedness at the Guarantor.

 

"Indefeasible" means,
with respect to a payment that the Obligations are satisfied only when the Lender is no longer subject to any right on the part of any
Person, including (a) the Borrower, (b) the Borrower as a debtor in possession, or (c) any bankruptcy or other trustee of the Borrower’s
assets, to invalidate or set aside such payments or to seek to recoup the amount of such payments or any portion thereof, or to declare
same to be fraudulent or preferential.

 

"Interest Rate" means
the per annum rate of interest established by the Lender for each Loan, which shall be subject to the maximum permitted rate under Utah
law and calculated in accordance with the following formula and example:

 

 

 

 

 

    	 	14	 

     

    

 

Formula:

 

Example:

 

Amount advanced (A) = $1,000

 

Weekly Payment (P) = $89.20

 

Number of payments (n) = 12

 

Finance Charge = $70.40

 

Unit period = 1 week

 

Unit periods per year = 52

 

Advance, 11/18/19

 

First payment, 11/30/19

 

Payments made each
Wednesday, starting 11/30/19

 

Time to 1st debit = 12 days

 

t = 1 (i.e., 11/23/19 thru 11/30/19)

 

f = 5/7 (i.e., 11/18/19
thru 11/23/19)

 

Periodic interest rate (i) = 0.9548%

 

Annual Percentage Rate (Interest Rate)
= 52 x i = 49.654%

 

Borrower acknowledges that the foregoing
is an example only and the actual Interest Rate for each Loan may differ. The Interest Rate is a means of pricing credit extensions to
customers and is neither directly tied to an external rate of interest or index nor necessarily the lowest rate of interest charged by
the Lender at any given time for any particular class of customers or credit extensions. For each Loan, the Interest Rate shall be fixed
and included in the total fixed payment amount to be made weekly by the Borrower for each Loan.

 

"Invoice" means the outstanding
invoices the Borrower generates as part of its business operations that are submitted to the Lender on the Site and itemized in the Borrower
Dashboard. Such invoices will not contain any protected health information regulated by the Health Insurance Portability and Accountability
Act ("HIPAA") or similar federal or state laws, rules or regulations or other medical or health information identifiable
with a particular individual ("Sensitive Data").

 

 

 

    	 	15	 

     

    

 

"Liabilities" means at
any date, the amount that, in accordance with GAAP consistently applied, would be set forth opposite the caption "total current liabilities"
(or any like caption) on a consolidated balance sheet of each Borrower.

 

"Loan Documents" shall
mean this Agreement and each other document, instrument and agreement executed by the Borrower in connection herewith or therewith, as
any of the same may be amended, restated, extended, or replaced from time to time.

 

"Maturity Date"
shall mean, for each Loan, the earlier of: (a) the maturity date indicated in the Loan Information for each Loan indicated in the Borrower
Dashboard, as such date may be extended from time to time in writing by the Lender and the Borrower, in each case, in their sole discretion,
or (b) the date the Lender accelerates the maturity date of the Loans under this Agreement pursuant to Section 8.

 

"Obligations"
shall mean any and all debts, obligations, and liabilities of the Borrower to the Lender arising under this Agreement (whether principal,
interest, fees, or otherwise, whether now existing or hereafter arising, whether voluntary or involuntary, whether or not jointly owed
with others, whether direct or indirect, absolute or contingent, contractual or tortious, liquidated or unliquidated, arising by operation
of law or otherwise, whether or not from time to time decreased or extinguished and later increased, created or incurred and whether or
not extended, modified, rearranged, restructured, refinanced or replaced, including modifications to interest rates or other payment terms
of such debts, obligations, or liabilities).

 

"Payment Account"
shall mean the account of the Lender designated in writing by the Lender from time to time to the Borrower as the "Payment Account"
for purposes of this Agreement.

 

"Person" shall mean any
corporation, partnership, limited liability company, natural person, firm, joint venture, partnership, trust, unincorporated organization,
government, or any department or agency of any government.

 

"Potential Default" shall
mean an event that but for the lapse of time or the giving of notice, or both, would constitute an Event of Default.

 

"Requirements of Law"
shall mean as to any Person the Certificate of Incorporation and Bylaws or other organizational or governing documents of such Person,
and any law, treaty, rule or regulation, or a final and binding determination of an arbitrator or a determination of a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of
its property is subject.

 

"Site" refers to fundbox.com,
together with its subdomains, text, documents, articles, blogs, descriptions, graphics, photos, sounds videos and interactive features
on the Site, Site products, services and software, trademarks, and service marks and logos contained therein.

 

 

 

 

 

 

    	 	16

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