Document:

Exhibit
10.8

 

 

     

     

    

 

LOAN
AGREEMENT

 

1. Promise
to Pay. The Business will pay to Amazon Capital Services, Inc. (“we”, “us” or “our”) the principal,
interest, late interest, and any other charges and expenses due to us under this Loan Agreement, including charges and expenses in exercising
any of our remedies, which altogether constitutes the “Loan”. The Business must make periodic payments of interest and principal
according to the schedule set forth in this Loan Agreement. Any amounts due under this Loan Agreement that remain unpaid on the final
scheduled payment due date will be due in full on that date. We may in our sole discretion request a Guarantor, who will be individually
responsible for obligations under this Loan Agreement as further defined in the section labeled Personal Guaranty below.

 

2. Interest
and Late Payment Charges. The principal balance of the Loan will accrue interest daily at the annual interest rate shown in the “Application
Information” section of this Loan Agreement (“Annual Interest Rate”) from the date we approve the Loan and it appears
in Seller Central (the “Origination Date”) until the Loan is paid in full. Interest payable on the Loan will be computed
by (i) dividing the Annual Interest Rate by twelve to obtain the monthly interest rate (the “Monthly Interest Rate”), (ii)
dividing the Monthly Interest Rate by the actual number of days elapsed in the statement period during which interest accrues and (iii)
multiplying (ii) above by the principal balance of the Loan outstanding at the beginning of the statement period. Interest on the Loan
will accrue on a daily basis and will be payable in arrears (x) on each payment date, (y) upon any prepayment of the Loan and (c) at
maturity of the Loan.

 

If any
payment is not made on time, interest will accrue daily on all past due amounts under the Loan at an annual interest rate (the “Late
Interest Rate”) equal to the lesser of the Annual Interest Rate plus 2.0% or the maximum amount permitted by applicable law until
those amounts are paid in full.

 

3. Making
Payments. The Business authorizes us to fund the Loan into the Business’s Amazon seller account (the “Seller Account”)
administered by Amazon Services LLC or any other subsidiary of Amazon.com, Inc. (“Affiliate”). The Business directs
Amazon Services LLC and its Affiliates to withhold disbursements from the Business’s Seller Account sufficient to cover scheduled
payments as well as any other amounts due under this Loan Agreement and remit those amounts to us whether or not such action would result
in there being insufficient funds to make the next scheduled payment under the Loan Agreement or to meet any other Business obligations.
The Business further authorizes Amazon Services LLC and its Affiliates to withhold disbursements from any other Amazon account affiliated
with the Business in order to cover scheduled payments and any other amounts due under this Loan Agreement.Unless we specify otherwise,
scheduled loan payments will be automatically deducted from the first Seller Account disbursement after the date payment is due. If
we approve the Business to make more frequent scheduled payments in amounts less than the Monthly Payment, the Business agrees that this
may result in an increase to the total interest due over the life of the Loan, and an increase in the total amount payable to us.

 

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For Loans with
interest only payments for the first three payment periods after the Origination Date, payments are due monthly in an amount equal to
all the accrued interest on the principal balance. Thereafter, the monthly payments are equal to the “Monthly Payment (Principal
and Interest)” shown on the Loan Agreement. For Loans that do not qualify for the interest only payments described in the preceding
two sentences, payments are due monthly in an amount equal to the “Monthly Payment” shown in the Application Information
section of this Loan Agreement. Payments are due on the same date of each month as the Origination Date (or, if after the 28th of the
month, the first day of the next month), beginning the month after the month of the Origination Date.

 

Loan proceeds will
first be applied to pay off any negative seller balance the Business may have at the time of disbursement. All payments will be applied
in the following order: (i) scheduled payments and other amounts due that have not been paid in full one month after they became due
(each a “Past Due Payment”), first to accrued past due interest and then to past due principal, starting with the Past Due
Payment that has been outstanding the longest, (ii) currently due interest that has accrued at the Late Interest Rate, (iii) currently
due interest that has accrued at the Annual Interest Rate and (iv) currently due principal. If the Business does not have pending disbursements
in its Seller Account sufficient to make a scheduled payment or pay any other amounts due, the Business is responsible for paying the
remaining amount due by the applicable due date. The Business may make payment by Automated Clearing House (ACH) through Seller Central
or by check. Checks must: (x) be made out to Amazon Capital Services, Inc., (y) include the Loan number on the subject line and (z) be
mailed to: Amazon Capital Services, Inc., 410 Terry Ave. North, Seattle, WA 98109-5210. When mailing, a tracking number must be obtained
and provided, upon request.

 

0. Prepayment
and Refinancing. There is no penalty for repaying the Loan early. Unless the Business repays the Loan in full, any payments in excess
of the Monthly Payment and any other charges due will be applied to outstanding principal. If the Business refinances a Loan through
Amazon, the proceeds of the refinancing Loan will first be applied to pay off any existing negative seller balance, followed by the outstanding
principal balance, accrued interest and any other unpaid fees on all existing loans. The net proceeds of the refinancing Loan will be
disbursed to the Business’s Seller Account. If the Business terminates the Consent to Electronic Communications, the Business agrees
that we may declare this Loan immediately due and payable and exercise all remedies available to us at law or equity or as described
in this Loan Agreement, including withdrawing the remaining balance from the Business’s Seller Account as funds are available until
paid.

 

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1. Default.
Subject to applicable law, the Business will be in default under this Loan Agreement if any of the following events occur: (i) we
do not receive any payment under this Loan Agreement when due, (ii) the Business ceases offering products on Amazon.com, (iii)
the Business violates any obligation under the Amazon Services Business Solutions Agreement or any applicable Program Policy, (iv) the
Business’s ordered product sales on Amazon.com as reported in the Business’s Seller Account (“OPS”) in
any 30 day period are less than 50% of the Business’s lowest OPS on Amazon.com in any of the 12 months prior to the date
of this Loan Agreement, (v) the collective value of the Business’s units stored in Amazon fulfillment centers in the US, based
on the list price of those units on Amazon.com, (“FBA Inventory Value”) at any time during the term of this Loan Agreement
is less than 50% of the Business’s lowest average monthly FBA Inventory Value in any of the 12 months prior to the date of this
Loan Agreement, other than because of inventory sales in the ordinary course of business, (vi) the number of ASINs listed by the Business
as for sale on Amazon.com at any time during the term of this Loan Agreement decreases by 50% or more from the number of ASINs
listed as at the Origination Date, (vii) the Business breaches any obligation, representation or warranty under or in connection with
this Loan Agreement, (viii) the Business or Guarantor becomes insolvent, enters into receivership, makes an assignment for the benefit
of creditors, or declares bankruptcy, or similar proceedings are commenced by or against the Business, (ix) any information, signature
or certification provided in connection with the application, this Loan Agreement or the Consent to Electronic Communications is false,
fraudulent, misleading or inaccurate, (x) an event occurs that has a material adverse effect on the business, operations or financial
condition of the Business or on our rights and remedies under the Loan Agreement including, but not limited to, any adverse changes regarding
the business reported by any credit bureau, (xi) there is no login to the Business’s Seller Central account in any 30-day period,
(xii) the Business undergoes a change of control or another entity or person acquires an aggregate of 10 percent or more of the ownership
interests of the Business, (xiii) there occurs a sale of all or substantially all of the property or assets of the Business; or (xiv)
any guaranty of the Business’ obligations under the Loan is deemed unenforceable or the Guarantor revokes the Personal Guaranty
or challenges the enforceability of the Personal Guaranty. The Business understands and agrees that if its selling privileges on Amazon.com
are suspended or terminated, the loss of those selling privileges does not give rise to and cannot be used as a basis for any defense
to or excuse of the Business’s obligation to perform under this Loan Agreement.

 

6. Remedies.
If the Business is in default, subject to any right the Business may have under law, the Business agrees that we may in our sole
discretion exercise any remedy available to us at law or equity, including but not limited to any or all of the following actions: (i)
declare the unpaid balance of the Loan to be immediately due and payable, (ii) enforce our rights as a secured party by directing Amazon
Services LLC or its Affiliates to reserve, hold, and pay to us an amount up to the unpaid balance of the Loan from the Business’s
Seller Account and any other Amazon account affiliated with the Business until the unpaid balance of the debt under this Loan Agreement
is paid in full, (iii) enforce our rights as a secured party, by taking possession of inventory that the Business or parties affiliated
with the business have stored in Amazon fulfillment centers and disposing of it, or (iv) offset any amounts that are payable by the Business
to us against any payments we or any of our Affiliates may owe to the Business. If this Loan Agreement is referred to an attorney or
third party collections agent to collect the amount owed by the Business or otherwise enforce the terms of this Loan Agreement, the Business
agrees to pay all of our costs associated with such collection or enforcement action to the fullest extent not prohibited by applicable
law, including without limitation our reasonable attorneys’ fees, court and arbitration costs and any costs incurred in obtaining
and executing upon a judgment. If we choose to take possession of and dispose of any Collateral that consists of inventory held in an
Amazon fulfillment center, the Business agrees that we may credit the Business with the value of the Collateral as determined by us in
good faith pursuant to a valuation formula that may take into account several factors (depending on the circumstances), such as the recent
listed and sale prices of the inventory and the prices listed by the Business’s competitors for sale of the same or similar inventory.

 

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7. Security.
Except with respect to any Business licensed in the State of Vermont, in order to induce us to make the Loan to the Business, the
Business grants to us, to secure the payment and performance of all of the obligations under this Loan Agreement (including any additional
debt arising from the Business’s failure to pay or perform under this Loan Agreement, and including all Loans made to the Business
in the future), a continuing first lien security interest in all of the following property the Business now owns or may acquire in the
future (the “Collateral”): (i) all inventory at any time stored for the Business or Business’s affiliated accounts
in Amazon fulfillment centers, wherever found, (ii) any right, title or interest in the Business’s Seller Account, as well as any
other Amazon accounts affiliated with the Business, (iii) all Accounts, Chattel Paper, Deposit Accounts, Documents, Instruments, Investment
Property, or General Intangibles, (iv) all Equipment, Goods, inventory and other tangible personal property located in the United States,
(v) any books and records pertaining to the Collateral, and (vi) any insurance, proceeds or products of the foregoing. Until the balance
of the debt under this Loan Agreement is paid in full, the Business will not be able to remove sellable inventory stored for the Business
in Amazon fulfillment centers. The Business represents and warrants that it has and will maintain good, complete and marketable title
to all Collateral, free and clear of any and all security interests, liens, or encumbrances of any kind that may be inconsistent with
the Loan Agreement or our interests. Unless otherwise defined in this Loan Agreement, capitalized terms in this Section 7 are used as
defined in the Uniform Commercial Code of Washington State.

 

VERMONT NOTICE:
For the avoidance of doubt, Section 7, and the grant of security interest set forth therein, and Section 8, do not apply to any Business
licensed in the State of Vermont and the Loan constitutes an unsecured commercial loan for all intents and purposes under 8 V.S.A. §
2201. With respect to any Business licensed in the State of Vermont, the Loan is expressly subordinated to the prior payment of all senior
indebtedness of the Business regardless of whether such senior indebtedness exists at the time of the Loan or arises thereafter.

 

8. Financing
Statements; Attorney in Fact. The Business authorizes us to file and, as we may deem necessary or desirable, to sign the name of
the Business or its authorized representative on any documents and take any other actions that we deem necessary or desirable to ensure
that our security interest is perfected. The Business agrees to cooperate by signing documents or taking any other action we may request.
Except in New Jersey, the Business appoints us as the Business’ attorney in fact to sign the name of the Business to documents,
applications, filings and certificates of title and transfer documents that are reasonably necessary to evidence or protect our security
interest. To the greatest extent not prohibited by law, the Business agrees to pay (and we may charge the Business’s Seller Account
for) all fees necessary to file any documents in connection with the Business’s obligations under this Loan Agreement. Any financing
statements may describe the Collateral as “All assets of the Debtor”.

 

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4. Notice
of Business’s Default. If the Business or Guarantor becomes aware of the existence of any condition or event which with the
lapse of time or failure to give notice would constitute an event of default under this Loan Agreement, it will immediately give us written
notice describing the condition or event and any related action which it is taking or propose to take.

 

0. Disputed
Payments. The Business will not to send us partial payments marked “paid in full”, “without recourse”, or with
similar language, but if the Business sends such a payment, we may accept it without losing any of our rights under this Loan Agreement.
All written communications concerning disputed amounts, including but not limited to any check or other payment instrument indicating
that the payment constitutes “payment in full” of the amount owed, must be marked for special handling and mailed or delivered
to us at 410 Terry Ave. North, Seattle, WA 98109, Attn: Amazon Capital Services, Inc. and will be effective only if so delivered.

 

1. Notices;
Change of Address. The Business and the Guarantor agree that any notice we send to the Business will be received when the notice
is delivered personally, when we mail it, postage paid, to the last address that we have for the Business in our records, or when the
notice is delivered via email to the Primary Contact Email address provided in the Application Information. The Business and the Guarantor
agree to notify us by email at amazon-lending@amazon.com(i) promptly and in any event within 30 days of any change in the Primary
Contact Email address, postal address and telephone number, or change in the Business’s principal place of business or state of
residence, state of incorporation or legal name and (ii) promptly and in any event within 30 days of any additional secured credit that
the Business obtains at any time during the term of this Loan Agreement.

 

2. Interpretation;
Severability. Paragraph headings are for convenience only and may not be used in the interpretation of this Loan Agreement. If applicable
law is finally interpreted so that charges collected or to be collected in connection with this Loan Agreement exceed the permitted limits,
then (i) any such charges will be reduced to the permitted amounts and (ii) any amounts already collected that exceed the permitted amounts
will be credited to the Business by, at our option, applying the credit to any amounts due hereunder or making a direct payment to the
Business. If any provision in this Loan Agreement is invalid under applicable law, the remainder of the provisions in this Loan Agreement
will remain in effect. The Business agrees that for purposes of compliance with law under this Loan Agreement, the Business’s principal
place of business or

state of residence
is the business address provided in the Application Information.

 

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0. Assignment.
We may sell, assign or transfer any or all of our rights or obligations under this Loan Agreement (including without limitation,
any or all of the Collateral) and any or all of our rights and remedies under this Loan Agreement without prior notice to the Business.
The Business may not sell, assign or transfer this Loan Agreement or its obligations under this Loan Agreement in whole or in part, by
operation of law or otherwise.

 

1. Telephone
Monitoring and Recording. From time to time, we may monitor and/or record telephone calls regarding the Loan, and the Business and
Guarantor agree to any such monitoring and/or recording.

 

2. Communicating
with the Business and the Guarantor; Consent to Contact by Electronic and Other Means. We or our agents may contact the Business
and the Guarantor for any lawful purpose related to the Loan, including for the collection of amounts owed to us and for the offering
of products or services at any of the addresses, phone numbers or email addresses provided to us. No such contact will be deemed unsolicited.
To the greatest extent not prohibited by applicable law, we or our agents may (i) contact the Business and the Guarantor at any address
or telephone number (including wireless cellular telephone or ported landline telephone number) that may be provided to us from time
to time; (ii) use any means of communication, including, but not limited to, postal mail, electronic mail, telephone or other technology,
to reach the Business and the Guarantor; (iii) use automatic dialing and announcing devices which may play recorded messages; and (iv)
send text messages to the Business’s and Guarantor’s telephone. The Business and the Guarantor may contact us at any time
to ask that we not contact the Business or the Guarantor using any one or more methods or technologies.

 

3. Reservation
of Rights. We will not be deemed to have waived any of our rights by delaying the enforcement of any of our rights. If we waive any
of our rights on one occasion, that waiver will not constitute a waiver by us of our rights on any future occasion. We will be under
no duty to enforce payment of the amount owed us under this Loan Agreement by exercising any of our rights under this Loan Agreement.

 

4. Limitation
of Liability. To the maximum extent permitted by applicable law, we and our Affiliates will not be liable to the Business or any Guarantor
for any indirect, incidental, special, consequential, or exemplary damages (including damages for loss of profits, goodwill, use, or
data), even if we or our Affiliates have been advised of the possibility of such damages or losses. We and our Affiliates will not be
liable for any delay or failure to perform any obligation under these terms based on reasons, events, or other matters beyond our reasonable
control. In any event, our maximum aggregate liability under this Loan Agreement is $100.

 

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3. Disputes.
Any dispute or claim relating in any way to this Loan Agreement will be resolved by binding arbitration, rather than in court, and
administered by the American Arbitration Association (AAA). The Federal Arbitration Act and federal arbitration law apply to this agreement.The
Business, Guarantor and we agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class,
consolidated, or representative action. There is no judge or jury in arbitration, and court review of an arbitration award is limited.
An arbitrator can, however, award on an individual basis the same damages and relief as a court (including injunctive and declaratory
relief or statutory damages), and must follow the terms of this Loan Agreement as a court would.All proceedings must be conducted
in accordance with the AAA Commercial Arbitration Rules, and the AAA Expedited Procedures; the Procedures for Large, Complex Commercial
Disputes do not apply. The hearing will be in Seattle, Washington. The arbitrator may award to the prevailing party, if any, as determined
by the arbitrator, all pre-award expenses of the arbitration, including the arbitrators’ fees, administrative fees, travel expenses,
court or AAA costs, witness fees, and reasonable attorneys’ fees. If for any reason a claim proceeds in court rather than in arbitration,
the Business, Guarantor, and we each waive any right to a jury trial.

To begin
an arbitration proceeding, the Business or Guarantor must send a letter requesting arbitration and describing its claim to our registered
agent Corporation Service Company, 300 Deschutes Way SW, Suite 304, Tumwater, WA 98051. Instructions for filing an arbitration demand
with the AAA are available at www.adr.org.

 

4. Governing
Law. The Federal Arbitration Act, applicable federal law and the laws of the state of Washington, without regard to the conflict
of laws principles, will govern this Loan Agreement and any dispute of any sort that might arise between the Business, any Guarantor
and us. This Loan Agreement is entered into between the Business, any Guarantor and us in the state of Washington.

 

5. Privacy
Notice. As a subsidiary of Amazon.com, Inc., Amazon Capital Services, Inc. follows the same information practices as Amazon.com,
Inc., and information we collect from the Business and the Guarantor, is subject to the Amazon.com Privacy Notice (the “Privacy
Notice”), current version of which is located at:http://www.amazon.com/privacy

 

6. Credit
Bureau Notice. We may report information about the Business’s Loan to credit bureaus. Late payments, missed payments, or other
defaults on the Business’s Loan may be reflected in the Business’s credit report. In underwriting and approving the Loan,
we reserve all rights to conduct credit checks and financial and legal diligence necessary or desirable to evaluate the creditworthiness
of the Business and the Guarantor.

 

7. Entire
Agreement. The Business and the Guarantor agree that this Loan Agreement is the entire agreement with respect to the matters set
forth herein and no oral changes can be made.

 

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23.
Oral Agreements. PLEASE BE ADVISED THAT ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING
REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.

 

CONSENT
TO ELECTRONIC COMMUNICATIONS

 

1. Categories
of Communications.The Business and the Guarantor understand and agree that Amazon Capital Services, Inc., our Affiliates, assignees,
agents or other holders of the Loan may provide all communications, notices, and transactions related to the Loan by electronic means,
including but not limited to the Loan Agreement and any policies, disclosures, notices, transaction information, statements, responses
to communications and customer services claims, notices of default, notices regarding delinquencies, notices for collections and any
other notices that we may be required to provide to you by law (collectively, “Communications”).

 

2. Manner
of Electronic Communications. Communications may be sent to the Primary Contact Email provided in the Application Information or
may be provided in Seller Central. All such Communications shall be considered to be “in writing.” The Business and the Guarantor
acknowledge that by accessing Seller Central, the Business and the Guarantor demonstrate that each can access information that we may
provide to the Business and the Guarantor by electronic Communications.

 

3. Copies
of Communications and Withdrawal of Consent. The Business and the Guarantor are responsible for printing, storing, and maintaining
their own records of such Communications. The Business or the Guarantor may withdraw consent to electronic disclosures by contacting
us at amazon-lending@amazon.com, however, withdrawal of consent to electronic disclosures may result in termination of our relationship
with the Business and we may consider this Loan immediately due and payable.

 

4. Electronic
Signatures. The Business and the Guarantor acknowledge that by clicking on the “I Agree”, the “Submit” or
similar button on the application page or elsewhere on the lending landing page of the Seller Central website, the Business and the Guarantor
are indicating their intent to sign the relevant document or record and that this will constitute the signature of the Guarantor and
an authorized individual of the Business.

 

TERMS
AND CONDITIONS FOR AUTOMATIC ACH PAYMENT OPTION

 

These terms
and conditions (the “Terms and Conditions”) govern the Business’s use of the automatic ACH payment option as described
herein and apply if the Business elects to enable automatic debit payments.

 

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1. ACH
Payment Option. The Business authorizes us to debit the Business’s designated financial institution account (“Payment
Account”) to make one or more payments, as necessary, against any outstanding balance due on the Loan (the “ACH Payment Option”).
The Business further authorizes us to debit or credit its Payment Account to correct any erroneous debit, make necessary adjustments
to its payments, or to issue a refund back to its Payment Account. The Payment Account must be an account established for commercial
or business purposes and must not be used primarily for personal, family, or household purposes, and it must be able to accept debits
denominated in US currency.

 

2. Acceptance
of Terms and Conditions. By using the ACH Payment Option, the Business agrees to these Terms and Conditions, and authorizes us (or
our agent) to make any inquiries we consider necessary to validate the bank account or any dispute involving payment, including performing
credit checks or verifying information with third parties. We may update these Terms and Conditions at any time, and by continuing to
use the designated bank account as a payment method, the Business accepts these updated Terms and Conditions.

 

3. Returned
Payments. If any payment using your Payment Account is returned unpaid (for example, if you have insufficient funds available), we
may retry the payment. Your bank may charge you an overdraft or other fee for each payment failure. You are responsible for any such
fees.

 

PERSONAL
GUARANTY

 

This
Section, and all references to Guarantor in this Agreement, is applicable only if we request a Guarantor for the Loan. The Loan Agreement
documentation will indicate whether there is a Guarantor.

As used
in this Section, “you” means the person applying for the Loan, and you certify that you are an owner, sole proprietor, principal
or authorized representative of the Business and are duly authorized by the Business to apply for this Loan and execute and deliver the
Loan Agreement.

 

You certify
that you are at least 18 years old and are the Guarantor of all indebtedness, liabilities and obligations of the Business to Amazon under
the Loan Agreement, whether presently existing or hereafter arising (the “Guaranteed Obligations”), that you authorize the
Personal Guaranty, and that you agree to the Consent to Electronic Communications as the Guarantor.

 

The Guarantor
unconditionally and irrevocably guarantees the Guaranteed Obligations, together with all expenses we incur relating to collection of
the Guaranteed Obligations, including reasonable attorneys’ fees.

 

The Guarantor
understands that we may proceed directly against the Guarantor in their individual or personal capacity without first exhausting our
remedies against the Business or any other person or any security held by us or any guarantor, and that this Personal Guaranty will not
be affected by failure by us to enforce any rights or remedies we may have against the Business.

 

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The Guarantor
waives (i) all defenses of the Business pertaining to the duties and obligations of the Business (including discharge in bankruptcy),
any evidence thereof, and any security therefor, except the defense of discharge by payment; (ii) all defenses of a surety to which the
Guarantor may be entitled by statute or otherwise; (iii) notice of acceptance of this Personal Guaranty and of the creation and existence
of the duties and obligations of the Guarantor hereunder; (iv) presentment, demand for payment, notice of dishonor, notice of non-payment,
and protest of any instrument evidencing the duties and obligations of the Business; (v) all other demands and notices to the Guarantor
or any other person and all other actions to establish the liability of the Guarantor; and (vi) the right to trial by jury in any
action in connection with this Personal Guaranty. Guarantor agrees to the Dispute provisions in Section 18 of the Loan Agreement with
the same force and effect on any dispute or claim relating in any way to this Personal Guaranty and Guarantor.

 

Any indebtedness
the Business may owe to the Guarantor is hereby subordinated to the payment of the Guaranteed Obligations. The Guarantor agrees that
after any default by the Business under the Loan Agreement, it will hold any funds received from the Business in trust for us to satisfy
the obligations of the Business to us under the Loan Agreement, and will promptly pay those funds to us. Until the Guaranteed Obligations
are fully satisfied, Guarantor waives all rights of subrogation, contribution, indemnification, exoneration, or reimbursement the Guarantor
may have against the Business arising from the existence of this Personal Guaranty.

 

Nothing, except
full payment and discharge of all of the Guarantor’s duties and obligations to us, which but for this provision could act as a
release or impairment of the liability of the Guarantor, will in any way release, impair, or affect the liability of the Guarantor. The
Guarantor hereby consents that we may without further consent or disclosure and without affecting or releasing the obligations of Guarantor
hereunder: (a) surrender, exchange, release, assign, or sell any collateral or waive, release, assign, sell, or subordinate any security
interest; (b) waive or delay the exercise of any of our rights or remedies against the Business; (c) waive or delay the exercise of any
of our rights or remedies in respect of any collateral or security interest now or hereafter held; (d) renew, extend, waive or modify
the terms of any obligation, or any instrument or agreement evidencing the same; (e) renew, extend, waive or modify the terms of any
security document; (f) apply payments received from the Business or any surety or guarantor or from any collateral, to any indebtedness,
liability, or obligations of the Business or such sureties or guarantors whether or not a Guaranteed Obligation hereunder; and (g) realize
on any security interest, judicially or nonjudicially, with or without preservation of a deficiency judgment.

 

This Personal Guaranty
will not be discharged or affected by the death of the Guarantor, will bind all heirs, administrators, representatives, and assigns,
and may be enforced by or for the benefit of any successors in interest to us. The Guarantor may not assign or otherwise transfer all
or any part of its rights or obligations hereunder.

 

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Guarantor represents
and warrants as follows:

 

(a) The execution,
delivery and performance by Guarantor of this Personal Guaranty do not and will not (i) conflict with or contravene any law, rule, regulation,
judgment, order, or decree of any government, governmental instrumentality or court having jurisdiction over Guarantor or Guarantor’s
activities or properties, (ii) conflict with, or result in any default under, any agreement or instrument of any kind to which Guarantor
is a party or by which Guarantor or any of Guarantor’s properties may be bound or affected or (iii) require the consent, approval,
order, or authorization of, or registration with or the giving of notice to any United States or other governmental authority or any
person or entity not a party to the Loan Documents;

 

(b) This Guaranty
constitutes a legal, valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms;

 

(c) There is no
action, litigation or other proceeding pending or to Guarantor’s knowledge threatened against Guarantor before any court, arbitrator
or administrative agency that may have a material adverse effect on the assets or the business or financial condition of Guarantor or
that would prevent, hinder or jeopardize the performance by Guarantor of Guarantor’s obligations under this Guaranty;

 

(d) Guarantor is
not party to any contract, agreement, indenture or instrument, or subject to any restriction individually or in the aggregate that would
have a material adverse effect on Guarantor’s financial condition or business or that would in any way jeopardize the ability of
Guarantor to perform under this Guaranty.

 

Guarantor acknowledges
that we are making credit accommodations to the Business with reliance on the truth and accuracy of Guarantor’s representations
set forth above, and Guarantor’s enforceable Guaranty is an inducement for us to make such credit accommodations.

 

 

12Exhibit 10.9

 

Unsecured Loan Agreement

 

This agreement has been signed and will be valid as of the 1 July,
2021 by and between Smart Repair Pro Inc. registration number C4094119 whom is incorporated in California (“Borrower”)
and Tamrid Ltd. Company number 513258624 (“Lender”).

 

Whereas the Lender seeks to lend to the lender a total of
$375,000 (the “Principal “), which will be transferred in one portion by the lender;

 

Therefore, in exchange for the mutual agreements contained in this
agreement the parties hereby agree as follow:

 

		1.	Loan amount and interest.  At the Effective Date of this Agreement is signed, the lender will set up for the borrower,
and transfer to him in one portion, an amount equal to the principal. The principal amount will bear a simple interest rate of 10% per
annum (the “Loan”). The amount of the principal and the repayment of the loan will be, at the borrower’s choice - in
US dollars, or in a New Shekel (in which case the conversion rate will be the conversion rate between the shekel and the dollar as of
the time the funds are deposited and/or repaid).

 

		2.	Loan repayment. The loan amount shall be repaid 6 months after the date of transfer of the fund. Notwithstanding the
foregoing, the borrower will have the right to extend the repayment period by an additional 60 days, by giving notice to the lenders (the
“Grace Period”) where the interest on the Principal during the Grace Period will be 1% per month.

 

		3.	Purpose of the loan. The borrower will use the principal for the purpose of running his business, as decided by the
borrower’s board of directors.

 

		4.	Additional terms. The loan will be provided on a non-recourse basis. Likewise, the borrower will not be required to
provide any collateral for the purpose of securing the loan repayment.

 

		5.	Warrants. Subject to the completion of an Initial Public Offering by which the borrower’s shares will be listed for
trading on any recognized stock exchange (the “Initial Public Offering”), the borrower shall grant warrants to the lender,
in accordance with the borrower’s standard, whereby the lender may purchase from the borrowers’ stocks for the amount of $125,000,
at a price per share to be determined at the IPO, for a 3 year-period.

 

		6.	General. This Agreement contains the entire agreement between the Parties and in no way
creates an obligation for either Party to disclose information to the other Party or to enter into any other agreement. This Agreement
shall be governed and construed under the laws of the State of Israel, without giving effect to such laws’ provisions regarding conflict
of laws. Any controversy or claim arising out of or in connection with this Agreement or the breach thereof shall be exclusively resolved
by the competent courts of Tel-Aviv Jaffa District and each of the Parties hereby irrevocably submits to the exclusive jurisdiction of
such courts.

 

[Signature
Page below]

 

     

     

    

 

IN WITNESS WHEREOF, the parties have signed this Agreement in
one or more counterparts as of the date first hereinabove set forth.

 

THE LENDER: 

 

	TAMRID LTD.	 
	 	 	 
	By: 	/s/ Tamrid Ltd.	 
	Title:	 	 
	Date:	 	 

 

THE BORROWER

 

SMART REPAIR PRO INC.

 

	By: 	/s/ Smart Repair Pro	 
	Title:	 	 
	Date : 	 	 

 

[Signature page to Loan Agreement]

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