Document:

PROMISSORY
NOTE

 

	Borrower:	IMAC Regeneration Center of Nashville, P.C. 	 	Lender: 	Pinnacle Bank
	 	IMAC Regeneration Management of Nashville, LLC	 	 	Brentwood
	 	205 N Thompson Lane	 	 	128 Franklin Rd
	 	Murfreesboro, TN 37129	 	 	Brentwood, TN 37027

 

	Principal
    Amount: $150,000.00 	Date
of Note: November 15, 2017

 

PROMISE
TO PAY. IMAC Regeneration Center of Nashville, P.C.; and IMAC Regeneration Management of Nashville, LLC (“Borrower”)
jointly and severally promise to pay to Pinnacle Bank (“Lender”), or order, in lawful money of the United States of
America, the principal amount of One Hundred Fifty Thousand & 00/100 Dollars ($150,000.00) or so much as may be outstanding,
together with interest on the unpaid outstanding principal balance of each advance. Interest shall be calculated from the data
of each advance until repayment of each advance.

 

PAYMENT.
Borrower will pay this loan in one payment of all outstanding principal plus all accrued unpaid interest on November 14, 2018.
In addition, Borrower will pay regular monthly payments of all accrued unpaid interest due as of each payment date, beginning
December 15, 2017, with all subsequent interest payments to be due on the same day of each month after that. Unless otherwise
agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to principal; then to
any unpaid collection costs; and then to any late charges. Borrower will pay Lander at Lender’s address shown above or at
such other place as Lender may designate in writing.

 

VARIABLE
INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an index which is
the Pinnacle Base Rate (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its loans
and is set by Lender in its sole discretion. If the Index becomes unavailable during the term of this loan, Lender may designate
a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower’s request. The
interest rate change will not occur more often than each day. Borrower understands that Lender may make loans based on other rates
as well. The Index currently is 4.250% per annum. Interest on the unpaid principal balance of this Note will be calculated as
described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 2.000 percentage points over the Index, rounded
to the nearest 0.125 percent, adjusted if necessary for any minimum and maximum rate limitations described below, resulting in
an initial rate of 6.250% per annum based on a year of 360 days. NOTICE: Under no circumstances will the interest rate on this
Note be less than 4.500% per annum or more than (except for any higher default rate shown below) the lesser of 20.500% per annum
or the maximum rate allowed by applicable law.

 

INTEREST
CALCULATION METHOD. Interest on this Note is computed on a 365/360 basis; that is, by applying the ratio of the Interest rate
over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal
balance is outstanding. All interest payable under this Note is computed using this method.

 

PREPAYMENT.
Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will
not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law.
Except for the foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments
will not, unless agreed to by Lender in writing, relieve Borrower of Borrower’s obligation to continue to make payments
of accrued unpaid interest. Rather, early payments will reduce the principal balance due. Borrower agrees not to send Lender payments
marked “paid in full”, ‘‘without recourse”, or similar language. If Borrower sends such a payment,
Lender may accept it without losing any of Lender’s rights under this Note, and Borrower will remain obligated to pay any
further amount owed to Lender. All written communications concerning disputed amounts, including any check or other payment instrument
that indicates that the payment constitutes “payment in full” of the amount owed or that is tendered with other conditions
or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: Pinnacle Bank, Attn: Payoff Department,
P.O. Box 292487 Nashville, TN 37229-2487.

 

LATE
CHARGE. If a payment is 16 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled
payment.

 

    	 

    	 

    

 

INTEREST
AFTER DEFAULT. Upon default at Lender’s option, and if permitted by applicable law, Lender may add any unpaid accrued
interest to principal and such sum will bear interest therefrom until paid at the rate provided in this Note (including any increased
rate). Upon default, the interest rate on this Note shall be increased to 20.500% per annum based on a year of 360 days. However,
in no event will the interest rate exceed the maximum interest rate limitations under applicable law.

 

DEFAULT.
Each of the following shall constitute an event of default (“Event of Default”) under this Note:

 

Payment
Default. Borrower fails to make any payment when due under this Note.

 

Other
Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this
Note or in any of the related documents or to comply with or to perform any term. obligation, covenant or condition contained
in any other agreement between Lender and Borrower.

 

False
Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower’s behalf
under this Note or the related documents is false or misleading in any material respect, either now or at the time made or furnished
or becomes false or misleading at any time thereafter.

 

Insolvency.
The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment
of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout
or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

 

Creditor
or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding. self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the
loan. This includes a garnishment of any of Borrower’s accounts, including deposit accounts, with lender. However, this
Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim
which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture
proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined
by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.

 

Events
Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor
dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced
by this Note.

 

Change
In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

 

Adverse
Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment
or performance of this Note is impaired.

 

Insecurity.
Lender in good faith believes itself insecure.

 

LENDER’S
RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under this Note and all accrued unpaid interest
immediately due, and then Borrower will pay that amount.

 

ATTORNEYS’
FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay
Lender that amount. This includes, subject to any limits under applicable law, Lender’s attorneys’ fees and Lender’s
legal expenses, whether or not there is a lawsuit, including attorneys’ fees, expenses for bankruptcy proceedings (including
efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also
will pay any court costs, in addition to all other sums provided by law.

 

JURY
WAIVER. Lender and Borrower hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by
either Lender or Borrower against the other.

 

    	2

    	 

    

 

GOVERNING
LAW. This Note will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws
of the State of Tennessee without regard to its conflicts of law provisions. This Note has been accepted by Lender in the State
of Tennessee.

 

CHOICE
OF VENUE. If there is a lawsuit, Borrower agrees upon Lender’s request to submit to the jurisdiction of the courts of
Williamson County, State of Tennessee.

 

DISHONORED
ITEM FEE. Borrower will pay a fee to Lender of $15.00 if Borrower makes a payment on Borrower’s loan and the check or
preauthorized charge with which Borrower pays is later dishonored.

 

RIGHT
OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower’s accounts with
Lender (whether checking, savings, or some other account). This includes all accounts Borrower may open in the future. However,
this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by law. Borrower authorizes
lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any and all
such accounts, and, at Lender’s option, to administratively freeze an such accounts to allow Lender to protect Lender’s
charge and setoff rights provided in this paragraph.

 

COLLATERAL.
Borrower acknowledges this Note is secured by the following collateral described in the security instrument listed herein:
inventory, chattel paper, accounts, equipment. general intangibles, fixtures, standing timber and mineral, oil and gas described
in a Commercial Security Agreement dated November 15, 2017.

 

LINE
OF CREDIT. This Note evidences a revolving line of credit Advances under this Note, as well as directions for payment from
Borrower’s accounts, may be requested orally or in writing by Borrower or by an authorized person lender may, but need not,
require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance
with the instructions of an authorized person or (B) credited to any of Borrower’s accounts with Lender. The unpaid principal
balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender’s internal records, including
daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is
in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement
made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any
guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor’s guarantee of this Note or any
other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized
by Lender; or (E) Lender in good faith believes itself insecure.

 

ARBITRATION.
Borrower and Lender agree that any disputes, claims and controversies between them whether individual, joint, or class in
nature, arising from this Note or otherwise, including without limitation contract and tort disputes, shall be arbitrated pursuant
to the Rules of the American Arbitration Association in effect at the time the claim is filed, upon request of either party. No
act to take or dispose of any collateral securing this Note shall constitute a waiver of this arbitration agreement or be prohibited
by this arbitration agreement. This includes, without limitation, obtaining injunctive relief or a temporary restraining order;
invoking a power of sale under any deed of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or exercising
any rights relating to personal property, including taking or disposing of such property with or without judicial process pursuant
to Article 9 of the Uniform Commercial Code. Any disputes, claims, or controversies concerning the lawfulness or reasonableness
of any act, or exercise of any right, concerning any collateral securing this Note, including any claim to rescind, reform, or
otherwise modify any agreement relating to the collateral securing this Note, shall also be arbitrated, provided however that
no arbitrator shall have the right or the power to enjoin or restrain any act of any party. Judgment upon any award rendered by
any arbitrator may be entered in any court having jurisdiction. Nothing in this Note shall preclude any party from seeking equitable
relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines which
would otherwise be applicable in an action brought by a party shall be applicable in any arbitration proceeding, and the commencement
of an arbitration proceeding shall be deemed the commencement of an action for these purposes. The Federal Arbitration Act shall
apply to the construction, interpretation, and enforcement of this arbitration provision.

 

    	3

    	 

    

 

FINANCIAL
STATEMENT AND INFORMATION. Furnish Lender with such financial statements and other related information at such frequencies
and in such detail as Lender may request or as required by the Loan Agreement or other related loan documents.

 

CROSS
COLLATERAL. As security for any and all of the obligations hereunder, and all of our other indebtedness, obligations and liabilities
to you, whether now existing or hereafter incurred, whether absolute or contingent, including any modifications, extensions and
renewals thereof, all accrued interest and cost incurred thereon, we grant you a security interest in and hereby transfer and
convey to you (a) any and all Documents and any goods covered thereby, and (b) any of our property, real or personal, according
to the terms of, and as further described in, our security agreement and/or deed of trust pertaining thereto.

 

SUCCESSOR
INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower’s heirs, personal representatives,
successors and assigns, and shall inure to the benefit of Lender and its successors and assigns.

 

USURY
SAVINGS CLAUSE. It is the intention of lender and Borrower to comply strictly with all applicable usury laws; and, accordingly,
in no event and upon no contingency shall lender ever be entitled to charge, receive, collect, or apply as interest any interest,
fees, charges, or other payments equivalent to interest, in excess of the maximum rate which the Lender may lawfully charge under
applicable state and federal statutes and laws from time to time in effect; and, in the event that Lender ever receives, collects,
or applies as interest, any such excess, such amount which, but for this provision, would be excessive interest shall be applied
to the reduction of the unpaid principal amount of the Note: and, if said principal amount and all lawful interest thereon is
paid in full, any remaining excess shall be refunded to Borrower. All interest paid or agreed to be paid shall, to the maximum
extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the loan, including
any renewals, until payment in full of the principal. Any provision hereof, or of any other agreement between Lender and Borrower,
that operates to bind, obligate, or compel Borrower to pay interest in excess of such maximum lawful contract rate shall be construed
to require the payment of the maximum rate only. The provisions of this paragraph shall be given precedence over any other provision
contained herein or in any other agreement between Lender and Borrower that is in conflict with the provisions of this paragraph.

 

NOTIFY
US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Borrower may notify lender if Lender reports any inaccurate
information about Borrower’s account(s) to a consumer reporting agency. Borrower’s written notice describing the specific
inaccuracy(ies) should be sent to Lender at the following address: Pinnacle Bank 150 Third Avenue South Nashville, TN 37201.

 

GENERAL
PROVISIONS. If any part of this Note cannot be enforced, this fact will not affect the rest of the Note. Lender may delay
or forgo enforcing any of its rights or remedies under this Note without losing them. Each Borrower understands and agrees that,
with or without notice to Borrower, Lender may with respect to any other Borrower (a) make one or more additional secured or unsecured
loans or otherwise extend additional credit; (b) alter, compromise, renew, extend, accelerate, or otherwise change one or more
times the time for payment or other terms of any indebtedness, including increases and decreases of the rate of interest on the
indebtedness: (c) exchange, enforce, waive, subordinate, fall or decide not to perfect, and release any security. with or without
the substitution of new collateral; (d) apply such security and direct the order or manner of sale thereof, including without
limitation, any non-judicial sale permitted by the terms of the controlling security agreements, as Lender In its discretion may
determine; (e) release, substitute, agree not to sue, or deal with any one or more of Borrower’s sureties, endorsers, or
other guarantors on any terms or in any manner Lender may choose: and (f) determine how, when and what application of payments
and credits shall be made on any other indebtedness owing by such other Borrower. Borrower and any other person who signs. guarantees
or endorses this Note, to the extent allowed by law, waive presentment, demand for payment, and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note, whether as maker, guarantor,
accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew or extend (repeatedly
and for any length of time) this loan or release any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender’s security interest in the collateral; and take any other action deemed necessary by Lender without the consent of
or notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or notice to anyone other
than the party with whom the modification is made. The obligations under this Note are joint and several.

 

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PRIOR
TO SIGNING THIS NOTE, EACH BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE
PROVISIONS EACH BORROWER AGREES TO THE TERMS OF THE NOTE.

 

BORROWER
ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

 

BORROWER:

 

	IMAC
    REGENERATION CENTER OF NASHVILLE, P.C.	 
	 	 
	By:	/s/
                                         Jeffrey S. Ervin
	 
	 	Jeffrey
    S. Ervin, Secretary of IMAC Regeneration	 
	 	Center
    of Nashville, P.C.	 

 

IMAC
REGENERATION MANAGEMENT OF NASHVILLE, LLC

 

	IMAC HOLDINGS, LLC, Member of IMAC Regeneration Management of Nashville, LLC
	 	 
	By:	/s/
                                         Jeffrey S. Ervin
	 
	 	Jeffrey
    S. Ervin, Member of IMAC Holdings, LLC	 

 

    	5Loan
    No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT	Page
    1

 

	Principal	Loan
    Date	Maturity	Loan
    No	Call
    / Coll	Account	Officer	Initials
	$150,000.00	05-01-2018
    	08-01-2018	37404	4
    / 26	 	JSJ	 
	 	 	 	 	 	 	 	 
	References
                                         in the boxes above are for Lender’s use only and do not limit the applicability
                                         of this document to any particular loan or item. Any item above containing “•••”
                                         has been omitted due to text length limitations.

                                                                                

 

	Borrower:	INTEGRATED
                                         MEDICINE AND

                                                                                CHIROPRACTIC
                                         REGENERATION

                                                                                CENTER
                                         OF ST. LOUIS, LLC

                                         2725 JAMES SANDERS BLVD 
 PADUCAH,
                                         KY 42001
	 	Lender:	INDEPENDENCE
                                         BANK OF KENTUCKY Paducah-Jefferson Sq

                                                                                                         -
                                         NMLS #405645 PO BOX 1776

        3143
        BROADWAY STREET

        PADUCAH,
        KY 42001

        (270)
        442-1716

 

	CREDIT
    LIMIT:	$150,000.00	DATE
    OF AGREEMENT:	May
    1, 2018

 

Introduction.
This Commercial Lino of Credit Agreement (“Agreement”) governs Borrower’s line of credit (tee “Credit
Line” or the “Credit Line Account’) issued through INDEPENDENCE BANK OF KENTUCKY. Borrower agrees to the following
terms and conditions:

 

Promise
to Pay. Borrower promises to pay INDEPENDENCE BANK OF KENTUCKY, or order, the total of all credit advances and FINANCE CHARGES,
together with all costs and expenses for which Borrower Is responsible under this Agreement or under “a Security Agreement”
which secures Borrower’s Credit Line. Borrower will pay Borrower’s Credit Line according to the payment terms set
forth be ow. If there is more than one Borrower. each is jointly and severally gable on this Agreement. This means Lender can
require any Borrower to pay all amounts due under this Agreement, including credit advances made to any Borrower. Each Borrower
authorizes any other Borrower, on his or her signature alone, to cancel the Credit Line, to request and receive credit advances,
and to do all other things necessary to carry out the terms of this Agreement. Lender can release any Borrower from responsibility
under this Agreement, and the others will remain responsible.

 

Term.
The term of Borrower’s Credit Line will begin as of the date of this Agreement (“Opening Date”) and will continue
until August 1, 2018 (“Maturity Date”). All indebtedness under this Agreement, if not already paid pursuant to the
payment provisions below, will be due and payable upon maturity. The draw period of Borrower’s Credit Line will begin on
the Opening Date and will continue as follows: the Credit Line can be accessed up until the Maturity date. Borrower may obtain
credit advances during this period (“Draw Period”). Borrower agrees that Lender may renew or extend the period during
which Borrower may obtain credit advances or make payments. Borrower further agrees that Lender may renew or extend Borrower’s
Credit Line Account.

 

Minimum
Payment. Borrower’s “Regular Payment” will equal the amount of Borrower’s accrued FINANCE CHARGES. Borrower
will make 2 of these payments. Borrower will then be required to pay the entire balance owing in a single balloon payment. It
Borrower makes only the minimum payments, Borrower may not repay any of the principal balance by the end of this payment stream.
Borrower’s payments will be due monthly. Borrower’s “Minimum Payment” will be the Regular Payment, plus
any amount east due and all other charges. An increase in the ANNUAL PERCENTAGE RATE may increase the amount of Borrower’s
Regular Payment. Borrower agrees to pay not less than the Minimum Payment on or before the due date.

 

Balloon
Payment. Borrower’s Credit Line Account is payable in full upon maturity in a single balloon payment. Borrower must pay
the entire outstanding principal, Interest and any other charges then due. Unless otherwise required by applicable law. Lender
is under no obligation to refinance the balloon payment at that time. Borrower may be required to make payments out of other assets
Borrower owns or find a lender, which may be Lender, willing to lend Borrower the money. If Borrower refinances the balloon payment,
Borrower may have to pay some or all of the closing costs normally associated with a new credit line account, even if Borrower
obtains refinancing from Lender.

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 2

    

 

How
Borrower’s Payments Are Applied. Unless otherwise agreed or required by applicable taw, payments and cutter credits will
be applied to accrued interest, late fees, and then to principal.

 

Credit
Limit. This Agreement covers a revolving line of credit for the principal amount of Ono Hundred Fifty Thousand & 00/100 Dollars
0150,000.00e which will be Borrower’s “Credit Limit” under this Agreement. Borrower may borrow against the Credit
Line, repay any portion of the amount borrowed, and re-borrow up to the amount of the Credit Limit. Borrower’s Credit Limit
is the maximum amount Borrower may have outstanding at any one time. Borrower agrees not to attempt, request, or obtain a credit
advance that will make Borrower’s Credit Line Account balance exceed Borrower’s Credit Limit. Borrower’s Credit
Limit will not be Increased should Borrower overdraw Borrower’s Credit Line Account. If Borrower exceeds Borrower’s
Credit Limit, Borrower agrees to repay immediately the amount by which Borrower’s Credit Line Account exceeds Borrower’s
Credit Limit. Any amount greater than the Credit Limit will be secured by the security agreement covering Borrower’s property.

 

Collateral.
Borrower acknowledges this Agreement is secured by the following collateral described in the security instrument listed herein:

 

(A)
Collateral described in a Commercial Security Agreement.

 

Charges
to Borrower’s Credit Line. Lender may charge Borrower’s Credit Line to pay other fees and costs that Borrower is obligated
to pay under this Agreement, the security agreement or any other document related to Borrower’s Credit Line. In addition,
Lender may charge Borrower’s Credit Line for funds required for continuing insurance coverage as described in the paragraph
titled “Insurance” below or as described in the Security agreement for this transaction. Any amount so charged to
Borrower’s Credit Line will be a credit advance end will decrease the funds available, if any, under the Credit Line. However,
Lender has no obligation to provide any of the credit advances referred to in this paragraph.

 

Credit
Advances. Beginning on the Opening Date of this Agreement, Borrower may obtain credit advances under Borrower’s Credit Line
as follows:

 

Officer
Approval. Upon approval by an Independence Bank Loan Officer.

 

If
there is more than one person authorized to use this Credit Line Account, Borrower agrees not to give Lender conflicting instructions,
such as one Borrower telling Lender not to give advances to the other.

 

Transaction
Requirements. The following transaction limitations will apply to the use of Borrower’s Credit Line:

 

Officer
Approval Limitations. The following transaction limitations will apply to Borrower’s Credit Line end accessing by other
methods.

 

Minimum
Advance Amount. The minimum amount of any credit advance that can be made on Borrower’s Credit Line is $100.00.

 

Limitation
on All Access Devices. You may not use any access device, whether described above or added in the future, for any illegal or unlawful
transaction, and we may decline to authorize any transaction that we believe poses an undue risk of Illegality or unlawfulness.
Notwithstanding the foregoing, we tray collect on any debt arising out of any illegal or unlawful transaction.

 

Future
Credit Line Services. Borrower’s application for this Credit Line also serves as a request to receive any new services (such
as access devices) which may be available at some future time as one of Lender’s services in connection with this Credit
Line. Borrower understands that this request is voluntary end that Borrower may refuse any of these new services at the time they
are offered. Borrower further understands that the terms and conditions of this Agreement, together with any specific terms covering
the new service, will govern any transactions made pursuant to any of these new services.

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 3

    

 

Insurance.
Borrower must obtain insurance on the Property securing this Agreement that is reasonably satisfactory to Lender. Borrower may
obtain property insurance through any company of Borrower’s choice that is reasonably satisfactory to Lender. Borrower has
the option of providing any insurance required under this Agreement through an existing policy or a policy independently obtained
and paid for by Borrower, subject to Lender’s right, for reasonable cause before credit is extended, to decline arty insurance
provided by Borrower. Subject to applicable law, if Borrower fails to obtain or maintain insurance as required in the security
agreement, Lender may purchase insurance to protect Lender’s own interest, add the premium to Borrower’s balance,
declare the loan in default, or do any one or more of these things.

 

Right
of Setoff. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower’s accounts with
Lender (whether checking, savings, or some other account), including without limitation, all accounts Borrower may open in the
future. However, this does not include any !RA or Keogh accounts. or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on this Agreement
against any and all such accounts.

 

When
FINANCE CHARGES Begin to Accrue. Periodic FINANCE CHARGES for credit advances under Borrower’s Credit Line will begin to
accrue on the date credit advances are posted to Borrower’s Credit Line. There :s no “free ride period” which
would allow Borrower to avoid a FINANCE CHARGE on Borrower’s Credit Line credit advances.

 

Method
Used to Determine the Balance on Which the FINANCE CHARGE Will Be Computed. A daily FINANCE CHARGE will be imposed on all credit
advances made under Borrower’s Credit Line imposed from the date of each credit advance based on the “daily balance’
method. To get the daily balance, Lender takes the beginning balance of Borrower’s Credit Line Account each day. adds any
new advances, arid subtracts any unpaid FINANCE CHARGES and any payments or credits. This gives Lender the ‘daily balance.”

 

Method
of Determining the Amount of FINANCE CHARGE. Any FINANCE CHARGE is determined by applying the “Periodic Rate” to the
balance described herein. Then Lender adds together the periodic FINANCE CHARGES for each day in the statement cycle. This is
Borrower’s FINANCE CHARGE calculated by applying a Periodic Rate.

 

Borrower
also agrees to pay FINANCE CHARGES, not calculated by applying a Periodic Rate, as set forth below:

 

Loan
Fee. Borrower will be charged a prepaid FINANCE CHARGE of $250.00, which is a flat fee. This amount is payable when Lender establishes
Borrower’s Credit Lire and may also be imposed upon any future increase in Borrower’s Credit Limit.

 

Periodic
Rate and Corresponding ANNUAL PERCENTAGE RATE. The Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE on Borrower’s
Credit Line are subject to change from time to lime based on changes in an independent index which is the Base Rate on corporate
loans posted by at least 75% of the nation’s 30 largest banks known as the Wall Street Journal Prime Rate (the “Index”).
The Index is not necessarily the lowest rate charged by Lender on Lender’s loans. If the index becomes unavailable during
the term of this Credit Line Account, Lender may designate a substitute index after notice to Borrower. The ANNUAL PERCENTAGE
RATE on Borrower’s Credit Line Is based upon the Index described below.

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 4

    

 

The
Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE on Borrower’s Credit Line will Increase or decrease as the index
increases or decreases from time to time. Lender wit determine the Periodic Rate and the corresponding ANNUAL PERCENTAGE RATE
as follows: Lender starts with the current Index as disclosed below. To determine the Periodic Rate that will apply to Borrower’s
account, Lender takes the value of the Index, then divides the value by the number of days in a year (daily). To obtain the ANNUAL
PERCENTAGE RATE Lender multiplies the Periodic Rote by the number of days in a year (daily). This result is the ANNUAL PERCENTAGE
RATE. In no event will the Periodic Rate result in a corresponding ANNUAL PERCENTAGE RATE that .s less than 4.000%, nor will the
Periodic Rate or corresponding ANNUAL PERCENTAGE RATE exceed the maximum rate allowed by applicable law. Adjustments to the Periodic
Rate and the corresponding ANNUAL PERCENTAGE RATE resulting from changes in the Index will take effect daily. Today the Index
is 5.000% per annum, and therefore the initial ANNUAL PERCENTAGE RATE and the corresponding Periodic Rate on Borrower’s
Credit Line are as stated below:

 

	Current
    Rates for the First Payment Stream
	 
	Range
    of Balance or Conditions	 	Margin
    Added to Index	 	ANNUAL

                                                                                PERCENTAGE
                                         RATE
	 	Daily
    Periodic Rate
	All
    Balances	 	0.000%	 	5.000%	 	0.01370%

 

Notwithstanding
any other provision of this Agreement. Lender will not charge interest on any undisbursed loan proceeds.

 

Conditions
Under Which Other Charges May Be Imposed. Borrower agrees to pay all the other fees and charges related to Borrower’s Credit
Line as set forth below:

 

Returned
Items. You may be charged $35.00 if you pay your Credit Line obligations with e check, draft, or other item that is dishonored
for any reason, unless applicable law requires a lower charge or prohibits any charge.

 

Fee
to Stop Payment. Borrower’s Credit Line Account may be charged $35.00 when Borrower requests a stop payment on Borrower’s
account.

 

Right
to Credit Advances. Beginning on rho Opening Date, Lender will honor Borrower’s requests for credit advances up to Borrower’s
Credit Limit so long as. (A) Borrower is not in default under the terms of this Agreement; (B) this Agreement has not been terminated
or suspended.

 

Default.
Lender may declare Borrower to be in default if any one or more of the following events occur: (A) Borrower fails to pay a Minimum
Payment when due; 181 an event of default occurs under the security agreement for the Property; (C) the Property is further encumbered
in any way, voluntarily or involuntarily; (D) Borrower dies; (E) Borrower makes any false or misleading statements on Borrower’s
Credit Lire application; (F) Borrower violates any provision of this Agreement or any other agreement with Lender: (G) any garnishment,
attachment, or execution is issued against any material asset owned by Borrower; (H) Borrower exceeds Borrower’s Credit
Limit; (l) Borrower files for bankruptcy or other insolvency relief, or an involuntary petition under the provisions of the Bankruptcy
Code is filed against Borrower; (J) Lender in good faith believes itself insecure.

 

Lender’s
Rights. If Borrower is in default, Lender will send notice to Borrower setting forth a time period of at least five (51 days within
which such default may be cured. During this cure period, without notice. Lender may suspend Borrower’s Credit Line as provided
below. If such default is not cured during this period. Lender may either terminate or continue suspension of Borrower’s
Credit Line Account.

 

Suspension.
If Lender suspends Borrower’s Credit Line, Borrower will lose the right to obtain further credit advances. However, all
other terms of this Agreement will remain in effect and be binding upon Borrower, including Borrower’s liability for any
further unauthorized use of any Credit Lino access devices.

 

Termination.
If Lender terminates Borrower’s Credit Line, Borrower’s Credit Line will be suspended and the entire unpaid balance
of Borrower’s Credit Line Account will be immediately due and payable, without prior notice except as may be required by
law, and Borrower agrees to pay that amount plus all FINANCE CHARGES and other amounts due under this Agreement.

 

Collection
Costs. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will pay Lender that
amount. This includes, subject to any limits under applicable law, Lender’s reasonable attorneys’ fees and Lender’s
legal expenses whether or not there is a lawsuit, including reasonable attorneys’ fees and legal expenses for bankruptcy
proceedings including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable
law. Borrower also will pay any court costs, in addition to all other sums provided by law.

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 5

    

 

Rate
Increase. In addition to Lender’s other rights on default, Lender may increase the variable Interest rate under this Agreement
to 18.000 percent per annum. The interest rate will not exceed the maximum rate permitted by applicable law. If Lender does not
Increase the interest rate on default, it will continue at the variable rate in effect as of the date Lender declares a default.

 

Delay
in Enforcement. Lender may delay or waive the enforcement of any of Lender’s rights under this Agreement without losing
mat right or any other right. if Lender delays or waives any of Lender’s rights, Lender may enforce that right at any time
in the future without advance notice. For example, not terminating Borrower’s account for non-payment will not ben waiver
of Lender’s right to terminate Borrower’s account In the future if Borrower has not paid.

 

Termination
by Borrower. If Borrower terminates this Agreement, Borrower must notify Lender in writing at the address shown on Borrower’s
periodic statement or other designated address. Despite termination, Borrower’s obligations under this Agreement will remain
in full force and effect until Borrower hos paid Lender all amounts due under this Agreement.

 

Prepayment.
Borrower may prepay al or any amount owing under this Credit Line at any time without penalty. except Lender will be entitled
to receive at accrued FINANCE CHARGES, and other charges, if any. Payments in excess of Borrower’s Minimum Payment will
not relieve Borrower of Borrower’s obligation to continue to make Borrower’s Minimum Payments. Instead, they will
reduce the principal balance owed on the Credit Line. Borrower agrees not to send Lender payments marked “paid In full”,
“without recourse”, or similar language. If Borrower sends such a payment. Lender may accept it without losing any
of Lender’s rights under this Agreement. and Borrower will remain obligated to pay any further amount owed to Lender. All
written communications concerning disputed amounts, including any check or other payment instrument that indicates that the payment
constitutes “payment in full” of the amount owed or that is tendered with other conditions or limitations or as full
satisfaction of a disputed amount must be mailed or delivered to: INDEPENDENCE BANK OF KENTUCKY, Paducah-Jefferson Sq NMLS #405645,
PO BOX 1776. 3143 BROADWAY STREET, PADUCAH, KY 42001.

 

Notices.
All notices will be sent to Borrower’s address as shown in Borrower’s Credit Line application. Notices will be mailed
to Borrower at a different address if Borrower gives Lender written notice of a different address. Borrower agrees to advise Lender
promptly if Borrower changes Borrower’s mailing address.

 

Credit
Information and Related Matters. Borrower authorizes Lender to release information about Borrower to third parties as described
in Lender’s privacy policy arid Lender’s Fair Credit Reporting Act notice, provided Borrower did not opt out of the
applicable policy, or as permitted by law. Borrower agrees that. upon Lender’s request. Borrower will provide Lender with
a current financial statement, a now credit application, or both, on forms provided by Lender. Borrower also agrees Lender may
obtain credit reports on Borrower at any time, at Lender’s sole option and expense, for any reason, including but not limited
to determining whether there has been an adverse change in Borrower’s financial condition. Based upon a material adverse
change in Borrower’s financial condition (such as termination of employment or loss of income), Lender may suspend Borrower’s
Credit Line. Lender may require a new appraisal of the Property which secures Borrower’s Credit Line at any time, including
an internal inspection, at Lender’s sole option and expense.

 

Transfer
or Assignment. Without prior notice or approval from Borrower, Lender reserves the right to sell or transfer Borrower’s
Credit Line Account and Lender’s rights and obligations under this Agreement to another lender, entity, or person, and to
assign Lender’s rights under the security agreement. Borrower’s rights under this Agreement belong to Borrower only
end may not be transferred or assigned. Borrower’s obligations, however, are binding on Borrower’s heirs and legal
representatives. Upon any such sale or transfer, Lender will have no further obligation to provide Borrower with credit advances
or to perform any other obligation under this Agreement.

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 6

    

 

Jury
Waiver. Lender and Borrower hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by either
Lender or Borrower against the other.

 

Prior
Credit Agreement. This is a renewal of loan #37404.

 

Governing
Law. This Agreement will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the
laws of the Commonwealth of Kentucky without regard to its conflicts of law provisions. This Agreement has been accepted by Lender
in the Commonwealth of Kentucky.

 

Caption
Headings. Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or define the
provisions of this Agreement.

 

Interpretation.
Borrower agrees that this Agreement, together with the security agreement, :s the most reliable evidence of Borrower’s agreements
with Lender. If a court finds that any provision of this Agreement is not valid or should not be enforced, that fact by itself
will not mean that the rest of this Agreement will not be valid or enforced. Therefore. a court may enforce the rest of the provisions
of this Agreement even if a provision of this Agreement may be found to be invalid or unenforceable. If Lender goes to court for
any reason, Lender can use a copy, filmed or electronic, of any periodic statement, this Agreement, the security agreement or
any other document to prove what Borrower owes Lender or that a transaction has taken place. The copy. microfilm, microfiche,
or optical image will have the same validity as the original. Borrower agrees that, except to the extent Borrower can show there
is a billing error, Borrower’s most current periodic statement is the most reliable evidence of Borrower’s obligation
to pay.

 

Severability.
If a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid, or unenforceable as to any
circumstance, that finding shalt not make the offending provision illegal, invalid, or unenforceable as to any other circumstance.
If feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending
provision cannot be so modified, it shall be considered deleted from this Agreement. Unless otherwise required by law, the illegality,
invalidity, or unenforceability of any provision of this Agreement shall not effect the legality, validity or enforceability of
any other provision of this Agreement.

 

Acknowledgment
and Amendments. Borrower understands and agrees to the terms and conditions in this Agreement. Borrower acknowledges that, subject
to applicable laws. Lender has the right to change the terms and conditions o’ the Credit Line program, including without
limitation. the Margin. Borrower also understands and agrees that Borrower may be subject to other agreements with Lender regarding
transfer instruments or access devices which may access Borrower’s Credit Lino. Any person signing below may request a modification
to this Agreement, and, if granted, the modification will be binding upon all signers. By signing this Agreement, Borrower acknowledges
that Borrower has road this Agreement. Borrower also acknowledges receipt of e completed copy of this Agreement.

 

BORROWER:

 

	INTEGRATED
    MEDICINE AND CHIROPRACTIC REGENERATION CENTER OF ST. LOUIS, LLC
	 	 	 
	By:	/s/
    Jeff Ervin	 
	 	Jeff
    Ervin, Chief Operating Officer of IMAC Holdings, LLC	 

 

    	 

    	Loan No: 37404	COMMERCIAL LINE OF CREDIT AGREEMENT
(Continued)
	Page 7

    

 

	ACCEPTED:
    INDEPENDENCE BANK OF KENTUCKY
	 	 	 
	By:	/s/
    Scott Johnston 	 
	 	Scott
    Johnston, Sr. Lender McCracken Co. NMLS #791055

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