Document:

Exhibit
10.2

 

THE
EXCHANGE CONTEMPLATED HEREIN IS INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933,
AS AMENDED.

 

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) is entered into as of October 17, 2019 by and between Iliad Research
and Trading, L.P., a Utah limited partnership (“Lender”), and Future FinTech Group, Inc., a Florida corporation
(“Borrower”). Capitalized terms used in this Agreement without definition shall have the meanings given to
them in the Original Note (defined below).

 

A.
Borrower previously sold and issued to Lender that certain Secured Convertible Promissory Note dated March 26, 2019 in the original
principal amount of $1,070,000.00 (the “Original Note”) pursuant to that certain Securities Purchase Agreement
dated March 26, 2019 by and between Lender and Borrower (the “Purchase Agreement”, and together with the Original
Note and all other documents entered into in conjunction therewith, the “Transaction Documents”).

 

B.
Subject to the terms of this Agreement, Borrower and Lender desire to partition a new Secured Convertible Promissory Note in the
form of the Original Note (the “Partitioned Note”) in the original principal amount of $300,000.00 (the “Exchange
Amount”) from the Original Note and then cause the outstanding balance of the Original Note to be reduced by an amount
equal to the Exchange Amount, which represents the total outstanding balance of the Partitioned Note.

 

C.
Borrower and Lender further desire to exchange (such exchange is referred to as the “Note Exchange”) the Partitioned
Note for the delivery of 400,000 shares of the Borrower’s Common Stock, par value $0.001 (the “Common Stock,”
and such 400,000 shares of Common Stock, the “Exchange Shares”), according to the terms and conditions of this
Agreement.

 

D.
The Note Exchange will consist of Lender surrendering the Partitioned Note in exchange for the Exchange Shares, which will be
issued free of any restrictive securities legend pursuant to Rule 144. Other than the surrender of the Partitioned Note, no consideration
of any kind whatsoever shall be given by Lender to Borrower in connection with this Agreement.

 

E.
Lender and Borrower now desire to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set forth
herein.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:

 

1.
Recitals and Definitions. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this
Agreement are true and accurate, are contractual in nature, and are hereby incorporated into and made a part of this Agreement.

 

2.
Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from
the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain
in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the
Exchange Amount.

 

     

    

    

 

3.
Issuance of Shares. Pursuant to the terms and conditions of this Agreement, the Exchange Shares shall be delivered to Lender
on or before October 22, 2019 and the Note Exchange shall occur with Lender surrendering the Partitioned Note to Borrower on the
Free Trading Date (as defined below). On the Free Trading Date, the Partitioned Note shall be cancelled and all obligations of
Borrower under the Partitioned Note shall be deemed fulfilled. All Exchange Shares delivered hereunder shall be delivered via
DWAC to Lender’s designated brokerage account. Subject to the securities laws and regulations, Borrower agrees to provide
all necessary cooperation or assistance that may be required to cause all Exchange Shares delivered hereunder to become Free Trading
(the first date such occurs, the “Free Trading Date”). For purposes hereof, the term “Free Trading”
means that (a) the Exchange Shares have been cleared and approved for public resale by the compliance departments of Lender’s
brokerage firm and the clearing firm servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing
Lender’s brokerage firm and have been deposited into such clearing firm’s account for the benefit of Lender.

 

4.
Closing. The closing of the transaction contemplated hereby (the “Closing”) along with the delivery
of the Exchange Shares to Lender shall occur on the date that is mutually agreed to by Borrower and Lender by means of the exchange
by email of .pdf documents, but shall be deemed to have occurred at the offices of Hansen Black Anderson Ashcraft PLLC in Lehi,
Utah.

 

5.
Holding Period, Tacking and Legal Opinion. Lender and Borrower represents, warrants and agrees that for the purposes of
Rule 144 (“Rule 144”) of the Securities Act of 1933, as amended (the “Securities Act”),
the holding period of the Partitioned Note and the Exchange Shares will include Lender’s holding period of the Original
Note from March 26, 2019, which date is the date that the Original Note was originally issued. Borrower agrees not to take a position
contrary to this Section 5 in any document, statement, setting, or situation. Borrower agrees to take all action necessary to
issue the Exchange Shares without restriction, and not containing any restrictive legend without the need for any action by Lender;
provided that the applicable holding period has been met. In furtherance thereof, prior to the Closing, counsel to Lender may,
in its sole discretion, provide an opinion that: (a) the Exchange Shares may be resold pursuant to Rule 144 without volume or
manner-of-sale restrictions; and (b) the transactions contemplated hereby and all other documents associated with this transaction
comport with the requirements of Section 3(a)(9) of the Securities Act. Borrower represents that it is in full compliance with
the tests and standards set forth in Rule 144(i)(2) as of the date of this Agreement. The Exchange Shares are being issued in
substitution of and exchange for and not in satisfaction of the Partitioned Note. The Exchange Shares shall not constitute a novation
or satisfaction and accord of the Partitioned Note. Borrower acknowledges and understands that the representations and agreements
of Borrower in this Section 5 are a material inducement to Lender’s decision to consummate the transactions contemplated
herein.

 

    2

    

    

 

6. Representations,
Warranties and Agreements of Borrower. In order to induce Lender to enter into this Agreement, Borrower, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Borrower has
full power and authority to enter into this Agreement and to incur and perform all obligations and covenants
contained herein, all of which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing
or registration with or notice to any governmental authority is required as a condition to the validity of this Agreement or
the performance of any of the obligations of Borrower hereunder, (c) except as specifically set forth herein, nothing herein
shall in any manner release, lessen, modify or otherwise affect Borrower’s obligations under the Original Note, (d) the
issuance of the Exchange Shares is duly authorized by all necessary corporate action and the Exchange Shares are validly
issued, fully paid and non-assessable, free and clear of all taxes, liens, claims, pledges, mortgages, restrictions,
obligations, security interests and encumbrances of any kind, nature and description, (e) Borrower has not received any
consideration in any form whatsoever for entering into this Agreement, other than the surrender of the Partitioned Note, and
(f) Borrower has taken no action which would give rise to any claim by any person for a brokerage commission, placement agent
or finder’s fee or other similar payment by Borrower related to this Agreement.

 

7.
Representations, Warranties and Agreements of Lender. In order to induce Borrower to enter into this Agreement, Lender,
for itself, and for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a)
Lender has full power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action, and (b) no consent, approval, filing or registration
with or notice to any governmental authority is required as a condition to the validity of this Agreement or the performance of
any of the obligations of Lender hereunder.

 

8.
Arbitration. By its execution of this Agreement, each party agrees to be bound by the Arbitration Provisions (as defined
in the Purchase Agreement) set forth as an exhibit to the Purchase Agreement and the parties agree to submit all Claims (as defined
in the Purchase Agreement) arising under this Agreement or any Transaction Document or other agreement between the parties and
their affiliates to binding arbitration pursuant to the Arbitration Provisions.

 

9.
Governing Law; Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning the
construction, validity, interpretation and performance of this Agreement shall be governed by, the internal laws of the State
of Utah, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Utah or any
other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Utah. The provisions
set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference.
BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF
ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

    3

    

    

 

10. Counterparts.
This Agreement may be executed in any number of counterparts with the same effect as if all signing parties had signed the
same document. All counterparts shall be construed together and constitute the same instrument. The exchange of copies of
this Agreement and of signature pages by facsimile transmission or other electronic transmission (including email)
shall constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu of the original
Agreement for all purposes. Signatures of the parties transmitted by facsimile transmission or other electronic transmission
(including email) shall be deemed to be their original signatures for all purposes.

 

11.
Attorneys’ Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms
of this Agreement, the prevailing party shall therefore be entitled to an additional award of the full amount of the attorneys’
fees and expenses paid by such prevailing party in connection with the arbitration, litigation and/or dispute without reduction
or apportionment based upon the individual claims or defenses giving rise to the fees and expenses. Nothing herein shall restrict
or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

12.
No Reliance. Each party acknowledges and agrees that neither the other party nor any of such other party’s officers,
directors, members, managers, equity holders, representatives or agents has made any representations or warranties to the party
or any of its agents, representatives, officers, directors, or employees except as expressly set forth in this Agreement and the
Transaction Documents and, in making its decision to enter into the transactions contemplated by this Agreement, the party is
not relying on any representation, warranty, covenant or promise of the other party or such other party’s officers, directors,
members, managers, equity holders, agents or representatives other than as set forth in this Agreement.

 

13.
Severability. If any part of this Agreement is construed to be in violation of any law, such part shall be modified to
achieve the objective of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force
and effect.

 

14.
Entire Agreement. This Agreement, together with the Transaction Documents, and all other documents referred to herein,
supersedes all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf
with respect to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

15.
Amendments. This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision
of this Agreement may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

16.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed
by Lender hereunder may be assigned by Lender to a third party, including its financing sources, in whole or in part. Neither
party shall assign this Agreement or any of its obligations herein without the prior written consent of the other party.

 

    4

    

    

 

17.
Continuing Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Original Note
and each of the other Transaction Documents shall remain in full force and effect, enforceable in accordance with all of its original
terms and provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered by
Lender and Borrower. If there is any conflict between the terms of this Agreement, on the one hand, and the Original Note or any
other Transaction Document, on the other hand, the terms of this Agreement shall prevail.

 

18.
Time of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

19.
Notices. Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under
this Agreement to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Purchase
Agreement.

 

20.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

[Remainder
of page intentionally left blank]

 

    5

    

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above.

 

	 	BORROWER:
	 	 
	 	FUTURE FINTECH GROUP, INC.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 	 	 
	 	LENDER:
	 	 
	 	ILIAD RESEARCH AND TRADING, L.P.
	 	 	 	 	 
	 	By:	Iliad Management, LLC, its General Partner
	 	 	 	 	 
	 	 	By:	Fife Trading, Inc., its Manager
	 	 	 	 	 
	 	 	 	By:	     
	 	 	 	 	John M. Fife, President

 

 

 

[Signature Page to Exchange Agreement]EX-10.16

 Exhibit 10.16 

AMENDMENT TO 
 FIRST
AMENDMENT TO LOAN DOCUMENTS 
 AND CONSENT OF GUARANTORS 

This AMENDMENT TO FIRST AMENDMENT TO LOAN DOCUMENTS (this “Amendment”), dated as of October 18, 2019, is by and among Baldwin
Risk Partners, LLC, a Delaware limited liability company (the “Borrower”), for itself and its subsidiaries, Cadence Bank, N.A., a national banking association (“Cadence”), and the other lenders from time to time
party to this Amendment (together with Cadence, a “Lender” and collectively the “Lenders”), and Cadence in its capacity as administrative agent and collateral agent for the Lenders (in such capacity, the
“Agent”). 
 WHEREAS, the Borrower, certain of the Lenders and the Agent are parties to that certain Third Amended and
Restated Loan Agreement dated as of March 13, 2019 (the “Original Loan Agreement”); 
 WHEREAS, the Borrower, the
Lenders and the Agent entered into that certain First Amendment to Loan Documents dated as of September 21, 2019 (the “First Amendment”), which shall become effective upon the satisfaction of the conditions precedent set forth
therein (the Original Loan Agreement, as amended by the First Amendment (as modified hereby), the “Loan Agreement”); 

WHEREAS, the parties now desire to modify the First Amendment as set forth herein; and 

WHEREAS, Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Original Loan Agreement. 

NOW, THEREFORE, for good and valuable consideration, the Borrower, Lenders and Agent agree as follows: 

1.    Recitals. The foregoing recitals are hereby incorporated herein. 

2.    Amendments. The First Amendment is hereby amended and modified as follows: 

 

	 	a.	 Section 3(e) of the First Amendment is hereby amended, modified and restated to read as follows:

 “(e)    Borrower shall use a portion of the proceeds of the IPO to payoff in full and retire
all Debt under the Second Lien Credit Facility.” 
  

	 	b.	 Section 4 of the First Amendment is hereby amended, modified and restated to read as follows:

 “4.    Consent to Transactions. Upon the effectiveness of this Amendment pursuant to
Section 3 above, Agent and Lenders consent to (a) all of the Reorganization Transactions, (b) the IPO, and (c) the subsequent dissolution of 

 
IPEO (subject to the condition that the total consideration paid by Borrower for the purchase of the IPEO Equity Securities shall not exceed $2,000,000), and agree that no such transactions shall
result in or otherwise be subject to or require a mandatory prepayment pursuant to Section 2.6 of the Loan Agreement. 
  

	 	c.	 Section 5 of the First Amendment is hereby amended, modified and restated to read as follows:

 “5.    Consent to Exclusion of IPO Proceeds from Mandatory Prepay. Subject to the
satisfaction of all of the conditions set forth in Section 3 hereof, Agent and Lenders agree that the proceeds of the IPO shall be excluded from the mandatory prepayment requirements of Section 2.6(a)(iii) of the Loan Agreement. 

3.    Limited Effect; Affirmations. Except as expressly modified hereby, the First Amendment shall remain
unaltered. The Borrower hereby (a) ratifies and affirms all provisions of the Original Loan Agreement and the other Loan Documents to which it is a party, as amended by the First Amendment (as modified hereby), (b) agrees that the terms
and conditions of the Original Loan Agreement and the other Loan Documents to which it is a party, including without limitation the Security Documents and all provisions thereof, shall continue in full force and effect, as amended by the First
Amendment (as modified hereby), that Agent’s Liens and lien priority are not negatively affected by the First Amendment (as modified hereby), and that all of Borrower’s obligations under the Security Documents and other Loan Documents are
valid and enforceable and shall not be impaired or limited by the execution or effectiveness of the First Amendment (as modified hereby) or any other documents or instruments executed in connection herewith, (c) agrees that none of this
Amendment, the First Amendment or any of the documents whose execution is contemplated hereby or thereby shall constitute a novation or in any way impair the first priority of the lien and security interests of the Security Documents,
(d) agrees that all sums advanced in connection with the Loan Documents, as amended by the First Amendment (as modified hereby) shall be secured by the Security Documents with the same priority as the sums originally advanced under the Original
Loan Agreement, and all existing security interests of Agent respecting all Collateral continue in full force and effect and (e) acknowledges and agrees that, as of the date hereof, it has no defense,
set-off, counterclaim or challenge against the payment of any sums currently owing under the Original Loan Agreement and the other Loan Documents or the enforcement of any of the terms or conditions thereof
and agrees to be bound thereby and perform thereunder. 
 4.    Representations and Warranties. The Borrower
hereby represents and warrants to the Agent and the Lenders that (a) all representations and warranties of the Borrower and Guarantors set forth in Loan Agreement and the other Loan Documents are true and correct in all material respects as of
the date hereof, as if made on the date hereof, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be true and correct as of such prior date and
(b) no Default or Potential Default exists under the Loan Documents as of the date hereof. 

  
 2 

 5.    Integration. This Amendment constitutes the sole agreement
of the parties with respect to the amendments and waivers contemplated hereby and shall supersede all oral negotiations and the terms of prior writings with respect thereto. From and after the Effective Date (as defined in the First Amendment), all
references in the Original Loan Agreement shall be deemed to be references to the Original Loan Agreement as amended by the First Amendment (as modified hereby). This Amendment shall constitute a Loan Document for all purposes under the Loan
Agreement and the other Loan Documents. 
 6.    Release. Borrower, for itself and the Guarantors, and all of
their respective partners, shareholders, members, directors, officers and managers, and for the respective heirs, personal representatives, successors, and assigns of each of them (all, collectively, the “Releasors”), for and in
consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby fully releases and discharges Agent, the Lenders and their affiliates,
subsidiaries and parent, the respective partners, shareholders, members, officers, directors, managers, agents, and employees of each of the foregoing, and their successors and assigns (collectively, the “Released Parties”), of and
from any and all claims, counterclaims, defenses, setoffs, demands, actions, causes of action and damages that Borrower or any of the other Releasors may have had, may now have, or may hereafter have against any one or more of the Released Parties
arising under, by reason of, or in connection with (i) any of the Loan Documents, (ii) any of the Obligations, or (iii) any conduct, course of dealing, statement, act or omission on the part of any of the Released Parties that arose,
occurred or accrued at any time prior to and through the time of the later of the date hereof or the Effective Date. 

7.    Miscellaneous. 
  

	 	a.	 Governing Law. This Amendment and the rights and obligations of the parties hereto shall be deemed to be
a contract under the laws of the State of Florida and for all purposes shall be governed by and construed and enforced in accordance with the laws of the State of Florida, without giving effect to any choice of law or conflict provision or rule
(whether of the State of Florida or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Florida. 

  

	 	b.	 Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be an
original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart
hereof. 

  

	 	c.	 Fees and Costs. Borrower acknowledges that, whether or not this Amendment ultimately becomes effective
in accordance with Section 3, it will promptly reimburse Agent for all of the costs and expenses incurred by Agent with respect to the preparation, negotiation, execution and delivery of this Amendment, and all matters related hereto and
thereto, including, without limitation, Agent’s attorney’s fees and costs. 

 [Signature Page Follows]

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to First Amendment to
Loan Documents effective as of the date first above written. 
  

			
	 BORROWER:
  

BALDWIN RISK PARTNERS, LLC

		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin
	Title:	 	Authorized Representative

  

			
	 AGENT:
  

CADENCE BANK, N.A.

		
	By:	 	/s/ Leslie Fredericks
	Name:	 	Leslie Fredericks
	Title:	 	Senior Vice President

 
			
	 LENDERS:
  

CADENCE BANK, N.A.

		
	By:	 	/s/ Leslie Fredericks
		 	Leslie Fredericks, Senior Vice President

  

			
	JPMORGAN CHASE BANK, N.A.

 
			
		
	By:	 	/s/ Edyn Hengst

 
			
	Print Name:	 	Edyn Hengst

 
			
	Title:	 	Authorized Officer
		
		 	 Address: 450 S. Orange Ave., Suite 1000

Orlando, FL 32801

  

			
	LAKE FOREST BANK & TRUST CO., N.A.

 
			
		
	By:	 	/s/ Chris Baker

 
			
	Print Name:	 	Chris Baker

 
			
	Title:	 	EVP/COO
		
		 	 Address: 727 North Bank Lane

Lake Forest, IL 60045

  

			
	WELLS FARGO BANK, N.A.

 
			
		
	By:	 	/s/ William R. Goley

 
			
	Print Name:	 	William R. Goley

 
			
	Title:	 	Managing Director
		
		 	 Address: 550 South Tryon St., 33rd Floor

Charlotte, NC 28202

 CONSENT OF GUARANTORS 

Reference is hereby made to the Amendment to First Amendment to Loan Documents, dated as of October     , 2019 (the
“Amendment”), by and among Baldwin Risk Partners, LLC, a Delaware limited liability company (the “Borrower”), for itself and its subsidiaries, Cadence Bank, N.A., a national banking association
(“Cadence”), and the other lenders from time to time party to the Amendment (together with Cadence, a “Lender” and collectively the “Lenders”), and Cadence in its capacity as administrative agent
and collateral agent for the Lenders (in such capacity, the “Agent”). Capitalized terms used but not defined herein shall have the meanings assigned thereto in the applicable Loan Document, as modified by the First Amendment (as
modified by the Amendment). 
 Each of the undersigned (each, a “Guarantor”) consents to the terms and provisions of the
Amendment and confirms and agrees that (a) such Guarantor’s obligations under the Continuing and Unconditional Guaranty dated as of March 13, 2019 in favor of Agent (the “Guaranty Agreement”) shall be unimpaired by
the First Amendment (as modified by the Amendment) and all such obligations are hereby reaffirmed, (b) such Guarantor’s obligations under the Third Amended and Restated Security Agreement dated as of March 13, 2019, as a Debtor, in
favor of Agent (the “Security Agreement”) shall be unimpaired by the First Amendment (as modified by the Amendment) and all such obligations are hereby reaffirmed, (c) such Guarantor’s obligations under the Second Amended
and Restated Intellectual Property Security Agreement dated as of March 13, 2019, as a Debtor, in favor of Agent (the “IP Security Agreement”) shall be unimpaired by the First Amendment (as modified by the Amendment) and all
such obligations are hereby reaffirmed, (d) such Guarantor’s obligations under the Third Amended and Restated Equity Pledge Agreement dated as of March 13, 2019, as a Pledgor, in favor of Agent (the “Equity Pledge
Agreement”) shall be unimpaired by the First Amendment (as modified by the Amendment) and all such obligations are hereby reaffirmed, (e) neither this Consent nor the First Amendment (as modified by the Amendment) nor any of the other
documents whose execution is contemplated hereby or thereby shall constitute a novation or in any way impair the first priority of the lien and security interest of the Security Agreement, IP Security Agreement or Equity Pledge Agreement or other
Security Documents, (f) that any and all sums advanced in connection with the Loan Documents, as amended by the First Amendment (as modified by the Amendment), shall be secured by the Security Documents with the same priority as the sums
originally advanced under the Original Loan Agreement (as defined in the First Amendment), and all existing security interests of Agent respecting all Collateral continue in full force and effect, (g) as of the date hereof, such Guarantor has
no defense, set-off, counterclaim or challenge against the Guaranty Agreement, any Security Documents or other Loan Documents or any of its obligations thereunder, (h) the terms, conditions and covenants
in the Guaranty Agreement, Security Agreement, IP Security Agreement, and Equity Pledge Agreement remain unaltered and in full force and effect, (i) the Obligations guaranteed by the Guaranty Agreement, as amended by the First Amendment (as
modified by the Amendment), are hereby ratified and confirmed, and (j) all representations and warranties of such Guarantor set forth in the Guaranty Agreement and each of the Security Documents, respectively, are true and correct in all
material respects as of the date hereof, as if made on the date hereof, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be true and correct as of
such prior date. 
 [Signature Page Follows] 

 IN WITNESS, WHEREOF, each Guarantor has executed this Consent as of the date of the
Amendment. 
  

			
	 GUARANTORS:
  

Baldwin Krystyn Sherman Partners, LLC

		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Colleague Inc.
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Insurance Intermediary Holdings, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Main Street Insurance Holdings, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Medicare Insurance Holdings, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

 
			
	BKS D&M Holdings, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP D&M Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BKS Partners Private Risk Group LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BKS Financial Services Holdings, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BKS Financial Investments, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BKS Securities, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

 
			
	League City Office Building, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	AB Risk Specialist, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	KB Risk Solutions, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	Millennial Specialty Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Affordable Home Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Black Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

 
			
	BRP Bradenton Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Ryan Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Foundation, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Medicare Insurance, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Medicare Insurance II, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

  

			
	BRP Medicare Insurance III, LLC
		
	By:	 	/s/ Trevor L. Baldwin
	Name:	 	Trevor Baldwin, Authorized Representative

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}]]