Document:

Exhibit

Exhibit 10.10

SOLARWINDS CORPORATION
BONUS PLAN
1.Purposes of the Plan. The Plan is intended to increase shareholder value and the success of the Company by motivating Employees to (a) perform to the best of their abilities, and (b) achieve the Company’s objectives. 
2.Definitions.
(a)    “Affiliate” means any corporation or other entity (including, but not limited to, partnerships and joint ventures) controlled by the Company.
(b)    “Actual Award” means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period, subject to the Committee’s authority under Section 3(d) to modify the award.
(c)    “Board” means the Board of Directors of the Company.  
(d)    “Bonus Pool” means the pool of funds available for distribution to Participants.  Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.
(e)    “Code” means the Internal Revenue Code of 1986, as amended.  Reference to a specific section of the Code or regulation thereunder will include such section or regulation, any valid regulation promulgated thereunder, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation.
(f)    “Committee” means the committee appointed by the Board (pursuant to Section 5) to administer the Plan.  Unless and until the Board otherwise determines, the Board’s Compensation Committee will administer the Plan.  
(g)    “Company” means SolarWinds Corporation, or any successor thereto.
(h)    “Disability” means a permanent and total disability determined in accordance with uniform and nondiscriminatory standards adopted by the Committee from time to time.
(i)    “Employee” means any executive, officer, or key employee of the Company or of an Affiliate, whether such individual is so employed at the time the Plan is adopted or becomes so employed subsequent to the adoption of the Plan.
(j)    “Participant” means as to any Performance Period, an Employee who has been selected by the Committee for participation in the Plan for that Performance Period.
(k)    “Performance Period” means the period of time for the measurement of the performance criteria that must be met to receive an Actual Award, as determined by the Committee 

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in its sole discretion.  A Performance Period may be divided into one or more shorter periods if, for example, but not by way of limitation, the Committee desires to measure some performance criteria over 12 months and other criteria over 3 months.
(l)    “Plan” means this Bonus Plan, as set forth in this instrument and as hereafter amended from time to time. 
(m)    “Target Award” means the target award, at 100% performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).
(n)    “Termination of Service” means a cessation of the employee-employer relationship between an Employee and the Company or an Affiliate for any reason, including, but not by way of limitation, a termination by resignation, discharge, death, Disability, retirement, or the disaffiliation of an Affiliate, but excluding any such termination where there is a simultaneous reemployment by the Company or an Affiliate.
3.Selection of Participants and Determination of Awards. 
(a)    Selection of Participants.  The Committee, in its sole discretion, will select the Employees who will be Participants for any Performance Period.  Participation in the Plan is in the sole discretion of the Committee, on a Performance Period by Performance Period basis.  Accordingly, an Employee who is a Participant for a given Performance Period in no way is guaranteed or assured of being selected for participation in any subsequent Performance Period or Periods.  
(b)    Determination of Target Awards.  The Committee, in its sole discretion, will establish a Target Award for each Participant, which generally will be a percentage of a Participant’s average annual base salary for the Performance Period.  
(c)    Bonus Pool.  Each Performance Period, the Committee, in its sole discretion, will establish a Bonus Pool, which pool may be established before, during or after the applicable Performance Period.  Actual Awards will be paid from the Bonus Pool.  
(d)    Discretion to Modify Awards.  Notwithstanding any contrary provision of the Plan, the Committee may, in its sole discretion and at any time, (i) increase, reduce or eliminate a Participant’s Actual Award, and/or (ii) increase, reduce or eliminate the amount allocated to the Bonus Pool.  The Actual Award may be below, at or above the Target Award, in the Committee’s discretion.  The Committee may determine the amount of any reduction on the basis of such factors as it deems relevant, and will not be required to establish any allocation or weighting with respect to the factors it considers.  
(e)    Discretion to Determine Criteria.  Notwithstanding any contrary provision of the Plan, the Committee will, in its sole discretion, determine the performance goals applicable to any Target Award which requirement may include, without limitation, (i) attainment of research and 

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development milestones, (ii) bookings, (iii) business divestitures and acquisitions, (iv) cash flow, (v) cash position, (vi) contract awards or backlog, (vii) customer renewals, (viii) customer retention rates from an acquired company, business unit or division, (ix) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings), (x) earnings per share, (xi) expenses, (xii) gross margin, (xiii) growth in stockholder value relative to the moving average of the S&P 500 Index or another index, (xiv) internal rate of return, (xv) market share, (xvi)  net income, (xvii) net profit, (xviii) net sales, (xix) new product development, (xx) new product invention or innovation, (xxi) number of customers, (xxii) operating cash flow, (xxiii) operating expenses, (xxiv) operating income, (xxv) operating margin, (xxvi) overhead or other expense reduction, (xxvii) product defect measures, (xxviii) product release timelines, (xxix) productivity, (xxx) profit, (xxxi) return on assets, (xxxii) return on capital, (xxxiii) return on equity, (xxxiv) return on investment, (xxxv) return on sales, (xxxvi)  revenue, (xxxvii) revenue growth, (xxxviii) sales results, (xxxix) sales growth, (xl) stock price, (xli) time to market, (xlii) total stockholder return, (xliii) working capital and individual objectives such as peer reviews or other subjective or objective criteria.  As determined by the Committee, the performance goals may be based on GAAP or Non-GAAP results and any actual results may be adjusted by the Committee for one-time items or unbudgeted or unexpected items when determining whether the performance goals have been met.  The goals may be on the basis of any factors the Committee determines relevant, and may be on an individual, divisional, business unit or Company-wide basis.  The performance goals may differ from Participant to Participant and from award to award.  Failure to meet the goals will result in a failure to earn the Target Award, except as provided in Section 3(d).  
4.Payment of Awards.
(a)    Right to Receive Payment.  Each Actual Award will be paid solely from the general assets of the Company.  Nothing in this Plan will be construed to create a trust or to establish or evidence any Participant’s claim of any right other than as an unsecured general creditor with respect to any payment to which he or she may be entitled.  
(b)    Timing of Payment.  Payment of each Actual Award shall be made as soon as practicable after the end of the Performance Period during which the Actual Award was earned and after the Actual Award is approved by the Committee, but in no event later than the fifteenth (15th) day of the third (3rd) month of the Fiscal Year following the date the Participant’s Actual Award has been earned and is no longer subject to a substantial risk of forfeiture.  Unless otherwise determined by the Committee, a Participant must be employed by the Company or any Affiliate on the last day of the Performance Period to receive a payment under the Plan.
It is the intent that this Plan comply with the requirements of Code Section 409A so that none of the payments to be provided hereunder will be subject to the additional tax imposed under Code Section 409A, and any ambiguities herein will be interpreted to so comply.
(c)    Form of Payment.  Each Actual Award will be paid in cash (or its equivalent) in a single lump sum.  

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(d)    Payment in the Event of Death or Disability.  If a Participant dies or becomes Disabled prior to the payment of an Actual Award earned by him or her prior to death or Disability for a prior Performance Period, the Actual Award will be paid to his or her estate or to the Participant, as the case may be, subject to the Committee’s discretion to reduce or eliminate any Actual Award otherwise payable.
5.Plan Administration.
(a)    Committee is the Administrator.  The Plan will be administered by the Committee.  The Committee will consist of not less than two (2) members of the Board.  The members of the Committee will be appointed from time to time by, and serve at the pleasure of, the Board.
(b)    Committee Authority.  It will be the duty of the Committee to administer the Plan in accordance with the Plan's provisions.  The Committee will have all powers and discretion necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the power to (i) determine which Employees will be granted awards, (ii) prescribe the terms and conditions of awards, (iii) interpret the Plan and the awards, (iv) adopt such procedures and subplans as are necessary or appropriate to permit participation in the Plan by Employees who are foreign nationals or employed outside of the United States, (v) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and (vi) interpret, amend or revoke any such rules.  
(c)    Decisions Binding.  All determinations and decisions made by the Committee, the Board, and any delegate of the Committee pursuant to the provisions of the Plan will be final, conclusive, and binding on all persons, and will be given the maximum deference permitted by law.  
(d)    Delegation by Committee.  The Committee, in its sole discretion and on such terms and conditions as it may provide, may delegate all or part of its authority and powers under the Plan to one or more directors and/or officers of the Company.  
(e)    Indemnification.  Each person who is or will have been a member of the Committee will be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any award, and (ii) from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided he or she will give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification will not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless.

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6.General Provisions. 
(a)    Tax Withholding.  The Company will withhold all applicable taxes from any Actual Award, including any federal, state and local taxes (including, but not limited to, the Participant’s FICA and SDI obligations).  
(b)    No Effect on Employment or Service.  Nothing in the Plan will interfere with or limit in any way the right of the Company to terminate any Participant's employment or service at any time, with or without cause.  For purposes of the Plan, transfer of employment of a Participant between the Company and any one of its Affiliates (or between Affiliates) will not be deemed a Termination of Service.  Employment with the Company and its Affiliates is on an at-will basis only.  The Company expressly reserves the right, which may be exercised at any time and without regard to when during a Performance Period such exercise occurs, to terminate any individual’s employment with or without cause, and to treat him or her without regard to the effect that such treatment might have upon him or her as a Participant.  
(c)    Participation.  No Employee will have the right to be selected to receive an award under this Plan, or, having been so selected, to be selected to receive a future award.  
(d)    Successors.  All obligations of the Company under the Plan, with respect to awards granted hereunder, will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business or assets of the Company.  
(e)    Beneficiary Designations.  If permitted by the Committee, a Participant under the Plan may name a beneficiary or beneficiaries to whom any vested but unpaid award will be paid in the event of the Participant's death.  Each such designation will revoke all prior designations by the Participant and will be effective only if given in a form and manner acceptable to the Committee.  In the absence of any such designation, any vested benefits remaining unpaid at the Participant's death will be paid to the Participant's estate.  
(f)    Nontransferability of Awards.  No award granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will, by the laws of descent and distribution, or to the limited extent provided in Section 6(e).  All rights with respect to an award granted to a Participant will be available during his or her lifetime only to the Participant.  
7.Amendment, Termination, and Duration.
(a)    Amendment, Suspension, or Termination.  The Board, in its sole discretion, may amend or terminate the Plan, or any part thereof, at any time and for any reason. The amendment, suspension or termination of the Plan will not, without the consent of the Participant, alter or impair any rights or obligations under any Actual Award theretofore earned by such Participant.  No award may be granted during any period of suspension or after termination of the Plan.  

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(b)    Duration of Plan.  The Plan will commence on the date specified herein, and subject to Section 7(a) (regarding the Board's right to amend or terminate the Plan), will remain in effect thereafter.
8.Legal Construction.  
(a)    Gender and Number.  Except where otherwise indicated by the context, any masculine term used herein also will include the feminine; the plural will include the singular and the singular will include the plural.  
(b)    Severability.  In the event any provision of the Plan will be held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provision had not been included.  
(c)    Requirements of Law.  The granting of awards under the Plan will be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.  
(d)    Governing Law.  The Plan and all awards will be construed in accordance with and governed by the laws of the State of Texas, but without regard to its conflict of law provisions.  
(e)    Bonus Plan.  The Plan is intended to be a “bonus program” as defined under U.S. Department of Labor regulation 2510.3-2(c) and will be construed and administered in accordance with such intention.  
(f)    Captions.  Captions are provided herein for convenience only, and will not serve as a basis for interpretation or construction of the Plan.

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Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

This Asset Purchase Agreement (the “Agreement”) is entered into as of September 20, 2018 (the “Effective Date”), between GreenBox POS LLC, a Washington Limited Liability Company with a principal place of business located at 2305 Historic Decatur Road, Suite 100, San Diego, CA 92106 (the “Seller”) and GreenBox POS LLC, a Nevada Corporation with a principal place of business located at 2305 Historic Decatur Road, Suite 100, San Diego, CA 92106 (the "Buyer"). The Buyer and Seller are referred to collectively herein as the "Parties."

 

WHEREAS, this Agreement contemplates a transaction previously effected by and between the Buyer and Seller, in which the Buyer purchased substantially all of the assets of the Seller in return for the assumption of substantially all the liabilities of the Seller, as described in this Agreement.

 

NOW, THEREFORE, in consideration of the premises and actual promises herein made, and in consideration of the representations, warranties, and covenants herein contained, the receipt and sufficiency of which being herein acknowledged, the Parties agree as follows:

 

	
			1.

				
			SALE OF BUSINESS. Sellers shall sell, assign, and deliver, free and clear of any security interests, to Buyer and Buyer shall purchase and accept substantially all of the assets owned by Seller, (the “Assets”). The list of specific assets to be purchased is attached hereto as Exhibit A and shall exclude certain assets listed in Schedule 1 – Excluded Assets and Liabilities. This being subject to reconsideration at a later time. The date on which such sale, assignment, or delivery shall be effective (the “Closing Date”) shall be within thirty (30) days of the date of this Agreement. At the Closing, the parties will execute and deliver such instruments of assignment and conveyance as shall be reasonably necessary to assign and transfer the assets to Buyer, including but not limited to a Bill of Sale, Assignments of Patents, and other similar documents

			

 

	
			2.

				
			CONSIDERATION. In consideration of the sale of the Assets under this Agreement, the Buyer shall assume and accept, on the effective date, certain liabilities of the Seller which are to be compiled pursuant to this Agreement. A specific list of the assets is attached hereto as Exhibit B. Exhibit B shall exclude certain liabilities listed under Schedule 1 – Excluded Assets and Liabilities. This being subject to reconsideration at a later time.

			

 

	
			3.

				
			ALLOCATION. The parties shall agree on an allocation of the Purchase Price to the different Acquired Assets for U.S. Tax (as defined below) purposes (the "Allocation Statements") prior to the Closing Date. The parties shall each file all income, franchise and other Tax Returns (as defined below) and execute such other documents as may be required by any governmental authority, in a manner consistent with the Allocation Statements. The

			

 

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Buyer shall prepare the Allocation Statements and any Forms 8594 in a manner consistent with Section 1060 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder (hereinafter, the "Code") and other applicable legal requirements. The Parties agree to file the Form or Forms 8594 with each relevant taxing authority and to refrain from taking any position inconsistent with such Form or Forms or the agreed Allocation Statements. At the Closing, the parties will execute and deliver such instruments of assignment and conveyance as shall be reasonably necessary for Buyer to assume the liabilities, including but not limited to an Assumption of Liabilities agreement and other similar documents.

 

	
			4.

				
			REPRESENTATIONS OF SELLERS. The Seller represents, warrants, and agrees:

			

 

	 	
			4.1.

				
			Authority. The execution and the delivery of this Agreement by the Seller, and the consummation of the transactions contemplated by this Agreement have been duly authorized by its Members. There are no outstanding or authorized options, warrants, purchase rights, subscription rights, exchange rights, or other contracts or commitments that require the Seller to issue, sell, or otherwise cause to become outstanding any of its equity interests. The Seller has full power and authority to enter into this Agreement and to carry out all the terms and provisions hereof to be carried out by him or her, and all authorizations and consents necessary for the execution and delivery of this Agreement by him or her have been given.

			

 

	 	
			4.2.

				
			No Conflict. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby (including the assignments and assumptions referred to in Sections 1 and 2 above), will violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which the Seller or a Shareholder is subject or any provision of the charter or bylaws of the Seller.

			

 

	
			5.

				
			MISCELLANEOUS.

			

 

	 	
			5.1.

				
			Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the state of California without giving effect to any choice or conflict of law provision or rule (either of the state of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the state of California.

			

 

	 	
			5.2.

				
			Venue. The Parties hereto agree that the exclusive venue for any action hereunder shall be the state and federal courts located in San Diego County, California. Each Party hereto hereby irrevocably waives, to the fullest extent it may effectively do so, the

			

 

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defense of an inconvenient forum to the maintenance of such action or proceeding. The Parties hereto further agree, to the extent permitted by law that a final and unappealable judgment against any of them in any action or proceeding contemplated above shall be conclusive and may be enforced in any other jurisdiction by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and amount of such judgment. 

 

	 	
			5.3.

				
			Binding Arbitration. The Parties agree that any claim or dispute between them or against any agent, employee, successor, or assign of the other, whether related to this Agreement or otherwise, and any claim or dispute related to this Agreement or the relationship or duties contemplated under this contract, including the validity of this arbitration clause, shall be resolved by binding arbitration by the American Arbitration Association, under the Commercial Arbitration Rules then in effect. The Parties agree to keep the terms of any agreement strictly confidential. This Agreement shall be interpreted under the Federal Arbitration Act. The arbitration shall be held in San Diego, California.

			

 

	 	
			5.4.

				
			Amendments and Waivers. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by each of the Parties hereto. No waiver by any Party of any default, misrepresentation, or breach of warranty, covenant, or agreement hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty, covenant, or agreement hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

			

 

	 	
			5.5.

				
			Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.

			

 

	 	
			5.6.

				
			Construction. Nothing in the Exhibits or Schedules shall be deemed adequate to disclose an exception to a representation or warranty made herein unless the Exhibits or Schedules identify the exception with reasonable particularity and describes the relevant facts in reasonable detail. The Parties intend that each representation, warranty, and covenant contained herein shall have independent significance. If any Party has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty, or covenant relating to the same subject matter (regardless of the relative levels of specificity) which the Party has not breached shall not detract from or mitigate the fact that the Party is in breach of the first representation, warranty or covenant. This Agreement was prepared and negotiated by the Parties to this Agreement and all provisions hereof shall be construed without prejudice to any Party.

			

 

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GREENBOX POS LLC (WA LIMITED LIABILITY COMPANY):

 

 

 

___________________________________________

Fredi Nisan

 

 

 

___________________________________________

Ben Errez

 

GREENBOX POS LLC (NV CORPORATION)

 

 

 

___________________________________________

Fredi Nisan

 

 

 

___________________________________________

Ben Errez

 

 

 

 

 

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EXHIBIT A

ASSETS OF GREEN BOX POS, LLC – A Washington Limited Liability Company

 

	 	
			1.

				
			Provisional Patents:

			

 

	 	
			a.

				
			Application Number: 62595266

			Title: BLOCKCHAIN ESCROW FOR AUTOMATED TELLER MACHINE (ATM)

			Description: The ability to instantly display cash deposited in ATM machines on a Blockchain secured ledger.

			

 

	 	
			b.

				
			Application Number: 62595312

			Title: BLOCKCHAIN ESCROW PAYMENT APPLICATION

			Description: The ability to exchange control of encrypted keys on Blockchain without any party having control of both keys at any point.

			

 

	 	
			c.

				
			Application Number: 62595439

			Title: BLOCKCHAIN DELIVERY SERVICE WITH INSTANT PAYMENT APPLICATION

			Description: The ability to make instant payments, including tipping and upsales, in a remote settlement scenario, while being connected to the point-of-sale system and real time inventory management.

			

 

	 	
			d.

				
			Application Number: 62595501

			Title: BLOCKCHAIN POINT OF SALE SYSTEM WITH INSTANT PAYMENT APPLICATION

			Description: The ability of a point of sale system to instantly record transactions on a Blockchain secured ledger, with real time inventory management, in such way that no installation or data maintenance is required and recovery from catastrophic events is done nearly instantly.

			

 

	 	
			e.

				
			Application Number: 62597032

			Title: BLOCKCHAIN DATA TRUST WITH INSTANT REVOCATION CAPABILITY

			Description: The ability to revoke access to personal data after the authorized use of it is completed, so that identity theft and compromising personal data are minimized.

			

 

	 	
			2.

				
			Products and Any Associated IP Rights

			

 

	 	
			a.

				
			KIOSK: Blockchain implementation of equipment capable of accepting cash and converting (tokenizing) it to an encrypted Blockchain secured ledger entry instantly. The Machine is also capable of accepting debit and credit card payments and producing payment cards for use in GreenBox ecosystem. GreenBox owns both software and hardware development of this product.

			

 

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			b.

				
			DEL: Complete delivery system with dispatcher backend and mobile applications for driver and consumer, available for iOS and Android. GreenBox own all related software for this product.

			

 

	 	
			c.

				
			POS: Complete point-of-sale system with integrated Blockchain connectivity for inventory management, payment, and record keeping on secured Blockchain ledger. This system requires no installation, backup or restore functionality and recovers from catastrophic events nearly instantly. This system is also available with customized hardware. GreenBox owns both software and hardware development of this product.

			

 

	 	
			d.

				
			PAY: GreenBox core product. This system is capable of managing any amount of tokenized assets, including cash and data, on a secured Blockchain ledger. All patented technology from GreenBox is connected to this product. PAY is a combination of a settlement and transactional subsystems, and includes TrustKey, TrustGateway and Ledger Manager technologies operating over Blockchain substrate. GreenBox owns both software and hardware development of this product.

			

 

	 	
			3.

				
			Website – All title and interest in and to the Website and Internet Domain Name, greenboxpos.com and all of its respective contents (the "Website "), and any other rights associated with the Website , including, without limitation , any intellectual property rights , all related domains , logos , customer lists and agreements , email lists, passwords, usernames and trade names; and all of the related social media accounts including but not limited to, Instagram , Twitter , Facebook , Instagram, and Pinterest at closing and associated other rights.

			

 

	 	
			4.

				
			Services Agreements. All of sellers current and future point of sale agreements, payment gateway agreements, and services agreements and contracts including but not limited to Merchant, Payment Services, Payment Processing, Agent, and Referral, agreements and contracts.

			

 

	 	
			5.

				
			Locations and Subsidiaries

			

 

	 	
			a.

				
			GreenBox Canada: Wholly owned federally registered subsidiary company with an office in Vancouver, British Columbia, Canada. This office location has all products and equipment described earlier installed in it and available for customer engagement.

			

 

	 	
			b.

				
			GreenBox San Diego: Corporate headquarters are in San Diego, California. Home base for all corporate executives, accounting, development and architecture, level 2 customer service, demo lab, public relations and department heads.

			

 

	 	
			c.

				
			GreenBox Seattle: Corporate regional virtual office.

			

 

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			d.

				
			GreenBox Las Vegas: Corporate shared office space and customer service hub.

			

 

	 	
			6.

				
			Any and all rights to the Sky MIDS Assets that are pending final acquisition including but not limited to:

			

 

	 	
			a.

				
			Book of Business: Sky entire book of business, capable of processing over $1B annually, primarily through the PAY product line.

			

 

	 	
			b.

				
			Personnel: Sky former president transitioned into the Senior Vice President, payment systems position with GRBX.

			

 

	 	
			c.

				
			Agent network: Sky’s network of agents includes approximately 50 active agents, which now deliver new business to GRBX exclusively.

			

 

	 	
			d.

				
			IP assets: Sky’s development software products, including CRM system pertaining to onboarding and relations management with merchants, and custom payment security features, are now wholly owned by GRBX.

			

 

 

 

 

 

 

 

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EXHIBIT B

 

Liabilities of GreenBox POS, LLC – A Washington Corporation

 

Any and all liabilities incurred pursuant to regular business operations, which, as of this date is $309,472.61

 

 

 

 

 

 

 

 

 

 

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