Document:

Exhibit 10.20

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

 

Bonne
Santé Group, Inc.

 

6% SECURED SUBORDINATED PROMISSORY NOTE

 

	$3,000,000	July 1, 2021

 

For value received, Bonne
Santé Group, Inc., a Delaware corporation (the “Company”), promises to pay to Dr. Sasson E. Moulavi, an individual
(the “Holder”), the principal sum of Three Million Dollars ($3,000,000) (the “Principal”) together
with accrued and unpaid interest thereon, each due and payable on the date and in the manner set forth below.

 

This secured subordinated
promissory note (the “Note”) is issued pursuant to the terms of that certain Securities Purchase Agreement, dated as
of February 11, 2020, as amended by the First Amendment to the Securities Purchase Agreement, dated July 13, 2020, the Second Amendment
to Securities Purchase Agreement, dated June 4, 2021 and the Third Amendment to the Securities Purchase Agreement, dated June 30, 2021
(as so amended, “Purchase Agreement”), among the Company, Doctors Scientific Organica LL.C., Oyster Management Services
Ltd., Lawee Enterprises L.L.C., U.S. Medical Care Holdings, L.L.C., and the Holder. Capitalized terms used herein without definition shall
have the meanings given to such terms in the Purchase Agreement.

 

The following is a statement
of the rights of the Holder of this Note and the terms and conditions to which this Note is subject, and to which the Holder, by acceptance
of this Note, agrees:

 

1. Principal
Repayment. The outstanding principal amount of this Note and all accrued interest shall be amortized on a five-year straight-line
basis and payable quarterly in accordance with the amortization schedule set forth on Exhibit A to this Note (the “Amortization
Schedule”), provided that no such payment shall be made prior to the first anniversary of the date hereof, with all of the unpaid
principal and accrued, but unpaid interest thereon, ( including interest due prior to the first anniversary of the date hereof) being
fully paid on the third (3rd) anniversary of the date of this Note (the “Maturity Date”). All payments of
interest and principal shall be in lawful money of the United States of America.

 

     

     

    

 

2. Interest.
Interest (the “Interest”) shall accrue on the unpaid Principal from the date hereof until such Principal is repaid
in full at the rate of six percent (6%) per annum. Interest shall be paid in accordance with the Amortization Schedule with all unpaid
Interest being paid on the Maturity Date or the date of the redemption of this Note. All computations of the Interest rate hereunder shall
be made on the basis of a 360-day year of twelve 30-day months. In the event that any Interest rate provided for herein shall be determined
to be unlawful, such Interest rate shall be computed at the highest rate permitted by applicable law. Any payment by the Company of any
Interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the Principal of this
Note without prepayment premium or penalty.

 

3. Redemption. The Company will have the right to redeem all
or any portion of the Note at any time prior to the Maturity Date without premium or penalty of any kind. The redemption price will be
payable in cash and is equal to the then outstanding principal amount of this Note plus accrued but unpaid interest thereon. However,
no partial redemption shall excuse or defer the Company’s subsequent payments on, or entitle the Company to a release of any collateral
used to secure, the unredeemed portion of this Note.

 

4.
Events of Default. In the event that any of the following (each, an “Event of Default”) shall occur:

 

(a) Non-Payment.
The Company shall default in the payment of the Principal of, or accrued Interest on, this Note as and when the same shall become due
and payable, whether by acceleration or otherwise; or

 

(b) Default
in Covenants. The Company shall default in any material manner in the observance or performance of any covenants or agreements
set forth in the Purchase Agreement; or

 

(c) Breach
of Representations and Warranties. The Company materially breaches any representation or warranty contained in the Purchase Agreement;
or

 

(d) Illegality
of Note. Any court of competent jurisdiction issues an order declaring the Note or any provision thereunder to be illegal; or

 

(e) Cross
Default. There occurs with respect to any Senior Indebtedness: (i) a default with respect to any payment obligation thereunder
that then entitles the holder thereof to declare such indebtedness to be due and payable prior to its stated maturity, or (ii) any other
default thereunder that entitles, and has caused, the holder thereof to declare such indebtedness to be due and payable prior to its stated
maturity; or

 

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Bankruptcy. The Company shall: (i)
admit in writing its inability to pay its debts as they become due; (ii) apply for, consent to, or acquiesce in, the appointment of a
trustee, receiver, sequestrator or other custodian for the Company or any of its property, or make a general assignment for the benefit
of creditors; (iii) in the absence of such application, consent or acquiesce in, permit or suffer to exist the appointment of a trustee,
receiver, sequestrator or other custodian for the Company or for any part of its property; or (iv) permit or suffer to exist the commencement
of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy or insolvency law, or any dissolution,
winding up or liquidation proceeding, in respect of the Company, and, if such case or proceeding is not commenced by the Company or converted
to a voluntary case, such case or proceeding shall be consented to or acquiesced in by the Company or shall result in the entry of an
order for relief; then, and so long as such Event of Default is continuing for a period of two (2) business days in the case of non-payment
under Section 4(a) or for a period of thirty (30) calendar days in the case of events under Sections 4(b) through 4(d) or for a period
of five (5) calendar days in the case of an event under Section 4(e) (and the event which would constitute such Event of Default, if curable,
has not been cured), by written notice to the Company from the Holder, all obligations of the Company under this Note shall be immediately
due and payable without presentment, demand, protest or any other action nor obligation of the Holder of any kind, all of which are hereby
expressly waived, and Holder may exercise any other remedies the Holder may have by contract, at law or in equity. If an Event of Default
specified in Section 4(f) above occurs, the principal of, and accrued interest on, the Note shall automatically, and without any declaration
or other action on the part of any Holder, become immediately due and payable and Holder may exercise any other remedies the Holder may
have by contract, at law or in equity. If the Purchase Agreement is assigned by the Company pursuant to the terms thereof, for purposes
of this Section 4, “Company” shall be deemed to include such assignee.

 

5. Covenants.
The Company hereby agrees that, so long as the Note remains outstanding and unpaid, or any other amount is owing to the Holder hereunder:

 

(a) The
Company will not, without providing at least 30 days’ prior written notice to the Holder, change its legal name, identity, type of organization,
jurisdiction of organization, corporate structure, location of its chief executive office or its principal place of business or its organizational
identification number. The Company will, prior to any change described in the preceding sentence, take all actions requested by the Holder
to maintain the perfection and priority of the Holder’s security interest in the Collateral.

 

(b) The
Company shall, at its own cost and expense, defend title to the Collateral and the lien and security interest of the Holder therein against
the claim of any person claiming against or through the Company and shall maintain and preserve such perfected security interest for so
long as this Note shall remain in effect.

 

(c) The
Company will not sell, offer to sell, dispose of, convey, assign or otherwise transfer, grant any option with respect to, restrict, or
grant, create, permit or suffer to exist any mortgage, pledge, lien, security interest, option, right of first offer, encumbrance or other
restriction or limitation of any nature whatsoever on, any of the Collateral or any interest therein except with the prior written consent
of the Holder.

 

(d) The
Company will keep the Collateral in good order and repair and will not use the same in violation of law or any policy of insurance thereon.
The Company will permit the Holder, or its designee, to inspect the Collateral at any reasonable time, wherever located.

 

(e) The
Company will pay promptly when due all taxes, assessments, governmental charges, and levies upon the Collateral or incurred in connection
with the use or operation of the Collateral or incurred in connection with this Agreement.

 

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6. Subordination.

 

(a) All
claims of the Holder to principal, interest and any other amounts at any time owed under this Note (collectively, “Junior Indebtedness”)
is hereby expressly subordinated in right of payment, as herein set forth, to the prior payment in full of all Senior Indebtedness (as
defined below). No payment under Junior Indebtedness shall be made by the Company, nor shall the Holder exercise any remedies under the
Junior Indebtedness (including taking any legal action (whether judicial or otherwise) to collect the Junior Indebtedness), if, at the
time of such payment, exercise or immediately after giving effect thereto, (i) there shall exist any material “Default” or
“Event of Default” under any agreements governing any of the Senior Indebtedness, upon which the Company shall notify the
Holder in writing of such Default within five (5) business days of its receipt of notice of the Default from the Senior Lender or (ii)
the maturity of any of the Senior Indebtedness has been accelerated and (A) such acceleration has not been waived or (B) such Senior Indebtedness
has not been paid in full; provided, however, that (x) in the event that the holder of any Senior Indebtedness accelerates such Senior
Indebtedness, then the Holder may accelerate the indebtedness evidenced by this Note, and (y) if the Company is permitted under the terms
of the Senior Indebtedness to pay an amount due and owing under this Note and fails to make such payment, then so long as the terms of
the Senior Indebtedness do not prohibit such action, the Holder may exercise its rights to be paid such amount, but only such amount (and
Holder shall not be permitted to accelerate hereunder).

 

(b) Upon
any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to creditors upon
any dissolution or winding up or total or partial liquidation or reorganization of the Company, whether voluntary or involuntary or in
bankruptcy, insolvency, receivership or other proceedings, all Senior Indebtedness of the Company shall first be paid in full, or payment
thereof provided for in money, before any payment is made under Junior Indebtedness; and upon any such dissolution or winding up or liquidation
or reorganization, any distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which
the Holder as holder of the Junior Indebtedness would be entitled except for the provisions hereof, shall be paid by the Company or by
any receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or distribution, or by the Holder
if received by Holder, directly to the holder of the Senior Indebtedness, or its representatives, to the extent necessary to pay all such
Senior Indebtedness in full, in money, after giving effect to any concurrent prepayment or distribution to or for the benefit of the holders
of such Senior Indebtedness, before any payment or distribution is made to the Holder with respect to the Junior Indebtedness.

 

(c) If
the holders of the Senior Indebtedness in good faith believe Holder may fail to timely file a proof of claim in any such proceeding, the
holder(s) of the Senior Indebtedness may do so for Holder.

 

(d) In
the event that any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities,
prohibited by the foregoing where the holder has actual knowledge of a Senior Indebtedness payment default shall be received by the Holder
before all the Senior Indebtedness is paid in full, or provisions made for such payment, in accordance with its terms, such payment or
distribution shall be held for the benefit of, and shall be paid over or delivered to, the holders of the Senior Indebtedness or their
representative or representatives, as their respective interests may appear, for application to the payment of all the Senior Indebtedness
remaining unpaid to the extent necessary to pay all such Senior Indebtedness in full, in money, in accordance with its terms, after giving
effect to any concurrent payment or distribution to or for the holders of such Senior Indebtedness.

 

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(e) The
provisions hereof are solely for the purpose of defining the relative rights of the holders of the Senior Indebtedness on the one hand
and the Holder as holder of the Junior Indebtedness on the other hand, and nothing herein shall impair, as between the Company and the
Holder, the obligations of the Company under the Junior Indebtedness, which are unconditional and absolute. With this in mind, notwithstanding
the other provisions of this Section 6, if and so long as all documents governing the Senior Indebtedness permit one of the actions restricted
by this Section 6, the restriction shall be waived and the restricted action permitted hereunder.

 

(f) No
right of any present or future holder of any Senior Indebtedness to enforce the subordination as herein provided shall at any time in
any way be prejudiced or impaired by any act or failure to act on the part of the Company or any act or failure to act, in good faith,
by any such holder of the Senior Indebtedness, or any noncompliance by the Company with the terms, provisions and covenants hereof, regardless
of any knowledge thereof any holder of the Senior Indebtedness may have or be otherwise charged with. Without in any way limiting the
generality of the foregoing, the holders of the Senior Indebtedness may, at any time and from time to time, without the consent of or
notice to the Holder, without incurring responsibility to the Holder and without impairing or releasing the subordination provided in
this Note or the obligations hereunder of the Holder to the holders of the Senior Indebtedness, do any one or more of the following: (i)
change the manner, place or terms of payment or extend the time of payment of, or create, renew or alter, the Senior Indebtedness, or
otherwise amend or supplement in any manner the Senior Indebtedness or any instrument evidencing the same or any agreement under which
the Senior Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise
securing the Senior Indebtedness; (iii) release any person liable or contingently liable in any manner for the payment or collection of
the Senior Indebtedness; and/or (iv) exercise or refrain from exercising any rights against the Company or any other person.

 

(g) Each
holder of any Senior Indebtedness, whether such Senior Indebtedness was created or acquired before or after the issuance of this Note,
shall be entitled to rely on the subordination provisions set forth in this Note.

 

(h) Notwithstanding
the provisions of this Section 6, the Holder shall not be charged with knowledge of the existence of facts which would prohibit the making
of any payments on the Junior Indebtedness unless and until the holder(s) of the Senior Indebtedness or their representatives send written
notice to Holder of same.

 

(i) Subject
to the payment in full of all the Senior Indebtedness, Holder as holder of the Junior Indebtedness shall be subrogated to the rights of
the holders of the Senior Indebtedness to receive payments or distributions of assets of the Company applicable to the Senior Indebtedness
until the Senior Indebtedness shall be paid in full.

 

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(j) The
Holder shall confirm (in writing) the above subordination provisions if requested by any holder of the Senior Indebtedness, and shall
execute and deliver such additional subordination agreements, consistent with the foregoing as any holder of Senior Indebtedness may require.

 

(k) For
purposes hereof, “Senior Indebtedness” means, with respect to the Company and the Companies, all senior secured indebtedness
of the Company and the Companies, whether outstanding on the date of the execution of this Note or thereafter created, to banks, insurance
companies, other financial institutions, private equity funds, hedge funds or other similar funds.

 

7. Security
Agreement.

 

(a) Grant
of Security Interest. To secure the prompt performance and repayment of each and all of the obligations of the Company hereunder
to the Holder and its assigns, the Company hereby pledges, grants, assigns and transfers to the Holder and its assigns a continuing lien
on and security interest in and to all of the following property of the Companies, whether now owned or later acquired (collectively the
“Collateral”):

 

(i) All
accounts, accounts receivable, contract rights, general intangibles related to or arising from any account, debit balances, note, documents,
chattel paper, instruments, acceptances, drafts or other forms of obligations and receivables of the Companies arising from the sale or
lease of inventory or rendition of services by the Companies, or on behalf of the Companies, in the ordinary course of its business or
otherwise (all of the foregoing being herein collectively called “Accounts”), whether or not the same are listed on
any schedules, assignments or reports furnished to the Holder from time to time, whether such Accounts are now existing or are created
at any time hereafter, and all proceeds therefrom including without limitation, proceeds of insurance thereon and all guaranties, securities,
and liens which the Companies may hold for the payment of any Accounts, including without limitation, all rights of stoppage in transit,
replevin and reclamation and all other rights and remedies of unpaid vendor or lienor, and any liens held by the Companies as a mechanic,
contractor, subcontractor, processor, materialman, machinist, manufacturer, artisan, or otherwise.

 

(ii) All
documents, instruments, documents of title, policies and certificates of insurance, guaranties, securities, chattel paper (both tangible
and electronic), deposits, proceeds of insurance, cash, liens or other property relating to Accounts and owned by the Companies or in
which the Companies have an interest, which are now or may hereafter be in the possession of the Companies or as to which the Companies
may now or hereafter control possession by documents of title or otherwise.

 

(iii) All
books, records, customer lists, supplier lists, ledgers, evidences of shipping invoices, purchase orders, sales orders, computer records,
lists, software, programs, and all other such evidences of the Companies’ business records related to the Accounts, including all
cabinets, drawers, etc. that may hold same, all whether now existing or hereafter arising or acquired.

 

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(iv) All
of the Companies’ tangible property of whatever nature or description, whether real or personal, now or hereafter used, owned, held
or leased, including without limitation all goods, furniture, fixtures, vehicles, equipment, inventory and supplies.

 

(v) All
of the Companies’ payment intangibles, instruments, letters of credit, letter-of-credit rights, money, deposit accounts, investment
property, commodity contracts, and commodity accounts.

 

(vi) All
of the Companies’ intangible property of whatever nature or description, including without limitation, all intellectual property,
general intangibles, software, trade names, trademarks, service marks, computer programs (including source code and object code), patents
and copyrights now owned or hereafter acquired.

 

(vii) All
renewals, substitutions, replacements, additions, accessions, proceeds, and products of any and all the foregoing.

 

The Company’s grant
of such security interests to the Holder shall secure the payment and performance of the indebtedness, obligations and liabilities of
the Company to the Holder of every kind and description, direct and indirect, absolute and contingent, due or to become due, now existing
or hereafter arising, that relate to this Note and the rights and remedies created hereunder, and all legal and other professional fees
incurred in connection with any of the foregoing. The security interest granted to the Holder hereunder shall be prior to all other interests
in the Collateral. Terms used in the preceding collateral description shall have the respective meanings accorded such terms in the Uniform
Commercial Code as enacted in the state of Delaware as of the date of this Agreement.

 

(b) The
Company hereby agrees that the Holder shall have all the rights and remedies of a secured party under the Uniform Commercial Code as in
effect from time to time in the State of Delaware. The Company agrees that at any time, and from time to time, at the request of the Holder,
the Company shall execute and deliver (or cause to be executed and delivered) any and all such further instruments and/or documents (including
without limitation, UCC-1 financing statements) as the Holder may consider reasonably necessary or desirable in order to effectuate, complete,
perfect or preserve and maintain the lien created hereby. Upon any failure by the Company to do so, the Holder may make, execute, record,
file, re-record or refile any and all such instruments and documents for and in the name of the Company; the Company hereby irrevocably
appoints the Holder as the agent and attorney-in-fact of the Company to do so; and the Company shall reimburse the Holder, on demand,
for all costs and expenses incurred by the Holder in connection therewith, such amount being added to the indebtedness arising under the
Note.

 

(c) The
security interest created hereunder shall terminate upon the irrevocable payment in full by the Company to the Holder of any and all indebtedness,
obligations and liabilities arising from, or in any way related to, the Note.

 

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(d) Events
of Default; Acceleration of Maturity. If an Event of Default (as defined below) shall have occurred and be continuing (whatever the
reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any governmental authority), then, in addition to the remedies
provided for elsewhere in this Note or as a matter of law and without limitation thereof, at the option of the Holder exercised by written
notice to the Company, the Holder may (A) foreclose the liens and security interests created under this Note or under any other agreement
relating to the Collateral, by any available judicial process, (B) enter any premises where any of the Collateral may be located for the
purpose of taking possession or removing the same, and (C) sell, assign, lease or otherwise dispose of the Collateral or any part thereof,
either at public or private sale or at any broker’s board, in lots or in bulk, for cash, on credit or otherwise, with or without
representations or warranties, and upon such terms as shall be acceptable to the Holder, all at the sole option of the Holder and as the
Holder, in its sole discretion, may deem advisable and to the extent permitted by law, the Holder may bid or become a purchaser at any
such sale, and the Holder shall have the right, at its option, to apply or be credited with the amount of all or any part of the obligations
owing by the Company to the Holder under this Note, against the purchase price bid by the Holder at any such sale. The net cash proceeds
resulting from the collection, liquidation, sale, lease or other disposition of the Collateral (including, without limitation a sale where
the Holder is the purchaser) shall be applied first to the expenses (including reasonable attorneys’ and other professional fees)
of retaking, holding, storing, processing and preparing the Collateral for sale, selling, collecting, liquidating and the like, and then
to the satisfaction of all such obligations, application as to particular obligations or against principal or any interest to be in the
sole discretion of the Holder. The Holder shall give the Company at least five (5) Business Days prior written notice of the time and
place of any public sale of Collateral.

 

(e) Suits
for Enforcement. In case any one or more of the Events of Default shall have occurred and be continuing, the Holder may proceed to
protect and enforce rights of the Holder either by suit in equity or by action at law, or both, whether for the specific performance of
any covenant or agreement in this Note or in aid of the exercise of any power granted in this Note, including without limitation, possession
or foreclosure on the Collateral securing the Note, or the Holder may proceed to enforce the payment of the Note or to enforce any other
legal or equitable right of the Holder.

 

(f) Remedies
Cumulative. No remedy herein conferred upon the Holder is intended to be exclusive of any other remedy, and each and every such remedy
shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or
by statute or otherwise.

 

(g) Remedies
Not Waived. No course of dealing between the Company and the Holder and no delay in exercising any rights hereunder shall operate
as a waiver of any rights of the Holder.

 

8. Mutilated,
Destroyed, Lost or Stolen Note. If this Note shall become mutilated or defaced, or be destroyed, lost or stolen, the Company shall
execute and deliver a new note of like principal amount in exchange and substitution for the mutilated or defaced Note, or in lieu of
and in substitution for the destroyed, lost or stolen Note. In the case of a mutilated or defaced Note, the Holder shall surrender such
Note to the Company. In the case of any destroyed, lost or stolen Note, the Holder shall furnish to the Company: (i) evidence to its satisfaction
of the destruction, loss or theft of such Note and (ii) such security or indemnity (which shall not include the posting of any bond) as
may be reasonably required by the Company to hold the Company harmless.

 

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9. Waiver
of Demand, Presentment, etc. The Company hereby expressly waives demand and presentment for payment, notice of nonpayment, protest,
notice of protest, notice of dishonor, notice of acceleration or intent to accelerate, bringing of suit and diligence in taking any action
to collect amounts called for hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing hereunder,
regardless of and without any notice, diligence, act or omission as or with respect to the collection of any amount called for hereunder.
The Company agrees that, in the event of an Event of Default, to reimburse the Holder for all reasonable costs and expenses (including
reasonable legal fees of one counsel) incurred in connection with the enforcement and collection of this Note.

 

10. Payment.
All payments with respect to this Note shall be made in lawful money of the United States of America, at the address of the Holder as
of the date hereof or as designated in writing by the Holder from time to time. The receipt by the Holder of immediately available funds
shall constitute a payment of Principal and Interest hereunder and shall satisfy and discharge the liability for Principal and Interest
on this Note to the extent of the sum represented by such payment.

 

11. Assignment.
The rights and obligations of the Company and the Holder of this Note shall be binding upon, and inure to the benefit of, the successors
and permitted assigns of the parties hereto. To complete an assignment or transfer this Note, the Holder shall deliver a completed and
executed Form of Assignment attached hereto as Exhibit B and surrender and deliver this Note, duly endorsed, to the Company’s
office or such other address which the Company shall designate, upon receipt of which a new Note, in substantially the form of this Note
(any such new Note, a “New Note”), evidencing the portion of this Note so transferred shall be issued to the transferee
and a New Note evidencing the remaining portion of this Note not so transferred, if any, shall be issued to the transferring Holder. The
acceptance of the New Note by the transferee thereof shall be deemed the acceptance by such transferee of all of the rights and obligations
in respect of the New Note that the Holder has in respect of this Note. Interest and principal are payable only to the registered Holder
of this Note set forth on the books and records of the Company.

 

12. Amendment;
Waiver; Modification. Any provision of this Note, including, without limitation, the due date hereof, and the observance of any term
hereof, may be amended, waived or modified (either generally or in a particular instance and either retroactively or prospectively) only
with the written consent of the Company and the Holder.

 

13. Notices.
Any notice, request or other communication required or permitted hereunder shall be in writing and shall be deemed to have been duly given
if given in accordance with the provisions of the Purchase Agreement.

 

14. Governing
Law and Arbitration. This Note shall be governed in all respects, including validity, interpretation and effect, by the internal laws
of the State of Florida. Any dispute shall be resolved by arbitration conducted pursuant to Section 10.7 of the Purchase Agreement. The
provisions of this Section 14 shall survive the entry of any judgment, and will not merge, or be deemed to have merged, into any judgment.

 

15. Headings.
The descriptive headings contained in this Note are included for convenience of reference only and will not affect in any way the meaning
or interpretation of this Note.

 

16. Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provisions shall be excluded from this
Note, and the balance of this Note shall be interpreted as if such provisions were so excluded and shall be enforceable in accordance
with its terms.

 

[Signature page follows]

 

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IN WITNESS WHEREOF,
the Company has duly executed and delivered this Note as of the date first above written.

 

	 	Bonne Santé Group, Inc.
	 	 
	 	By:	/s/ Alfonso J. Cervantes
	 	Name: 	 Alfonso J. Cervantes
	 	Title:	Executive Chairman

 

[Signature
page to 6% Secured Subordinated Promissory Note of Bonne Santé Group]

 

     

     

    

 

EXHIBIT A

 

Amortization Schedule

 

	Quarter	 	Payment	 	 	Principal Paid	 	 	Interest Paid	 	 	Remaining Balance	 
	1.	 	$	0	 	 	$	0	 	 	$	0	 	 	$	3,024,597.87	 
	2.	 	$	0	 	 	$	0	 	 	$	0	 	 	$	3,049,195.74	 
	3.	 	$	0	 	 	$	0	 	 	$	0	 	 	$	3,073,793.61	 
	4.	 	$	0	 	 	$	0	 	 	$	0	 	 	$	3,098,391.48	 
	5.	 	$	219,257.91	 	 	$	172,782.04	 	 	$	46,475.87	 	 	$	2,925,609.44	 
	6.	 	$	219,257.91	 	 	$	175,373.77	 	 	$	43,884.14	 	 	$	2,750,235.67	 
	7.	 	$	219,257.91	 	 	$	178,004.38	 	 	$	41,253.53	 	 	$	2,572,231.29	 
	8.	 	$	219,257.91	 	 	$	180,674.44	 	 	$	38,583.47	 	 	$	2,391,556.84	 
	9.	 	$	219,257.91	 	 	$	183,384.56	 	 	$	35,873.35	 	 	$	2,208,172.28	 
	10.	 	$	219,257.91	 	 	$	186,135.33	 	 	$	33,122.58	 	 	$	2,022,036.95	 
	11.	 	$	219,257.91	 	 	$	188,927.36	 	 	$	30,330.55	 	 	$	1,833,109.59	 
	12.	 	$	1,860,606.23	 	 	$	1,833,109.59	 	 	$	27,496.64	 	 	$	0	 

 

     

     

    

 

EXHIBIT B

 

Form
of Assignment

 

		TO:	Bonne Santé Group, Inc.

 

FOR VALUE RECEIVED, the undersigned
hereby sells, assigns and transfers unto ___________________ (name), __________________________________________ (address),
US$____________ of 6% Secured Subordinated Promissory Note (“Note”) of Bonne Santé Group, Inc. (the “Company”),
including any and all accrued and unpaid interest owing thereon, registered in the name of the undersigned on the records of the Company
represented by the within certificate, and irrevocably appoints ___________________ the attorney of the undersigned to transfer the said
securities on the books or register with full power of substitution.

 

DATED this ________ day of, __________________, 20
____.

 

	
    _______________________________

(Signature of Registered Note Holder)

     

    ________________________________

    (Print name of Registered Note Holder)

     
	 	 

Instructions:

 

		1.	Signature of Holder must be the signature of the person appearing on the
face of the Note.

 

		2.	If the transfer of Note is signed by a trustee, executor, administrator,
curator, guardian, attorney, officer of a corporation or any person acting in a fiduciary or representative capacity, the certificate
must be accompanied by evidence of authority to sign satisfactory to the Company.Exhibit 10.21 

 

Execution
Copy

 

LOAN
AGREEMENT

 

LOAN
AGREEMENT (“Agreement”), dated as of July 1, 2021 by and between Bonne Santé Group, Inc., a Delaware corporation
(“BSG”), Bonne Santé Natural Manufacturing, Inc. f/k/a Millenium Natural Manufacturing Corp., a Florida corporation
(“BSG Manufacturing”) and Doctors Scientific Organica, LLC, a Florida limited liability company (“DSO”
and together with BSG and BSG Manufacturing, “Borrower”), and Diamond Creek Capital, LLC, a Delaware limited liability
company (“Lender”).

 

RECITALS

 

Borrower
has requested that Lender extend credit to Borrower consisting of a term loan (the “Term Loan”) in an aggregate principal
amount of up to Three Million Dollars ($3,000,000), on the terms and conditions set forth herein. The proceeds of the term loan will
be used to (i) assist in the leveraged acquisition of 100% of the membership interests in DSO, (ii) assist in providing ongoing working
capital requirements; and (iii) pay transaction fees and expenses related to this Agreement and the transactions contemplated hereby.

 

In
consideration of the premises and the covenants and agreements contained herein, the parties hereto agree as follows:

 

ARTICLE
I

DEFINITIONS;
CERTAIN TERMS

 

Section
1.01  Definitions. As used in this Agreement,
the following terms shall have the respective meanings indicated below, such meanings to be applicable equally to both the singular and
plural forms of such terms:

 

“Account”
is any “account” as defined in the Uniform Commercial Code with such additions to such term as may hereafter be made, and
includes, without limitation, all accounts receivable and other sums owing to Borrower.

 

“Affiliate”
means, with respect to any Person, (a) each Person that, directly or indirectly, owns or controls, whether beneficially, or as a trustee,
guardian or other fiduciary, 10% or more of the equity interests of such Person, (b) each Person that controls, is controlled by or is
under common control with such Person, (c) each of such Person’s officers, directors, managers, members, joint venturers and partners
and (d) in the case of Borrower, the immediate family members, spouses and lineal descendants of individuals who are Affiliates of Borrower
or entities, directly or indirectly, owned or controlled by such family members, spouse or lineal descendant. For the purposes of this
definition, “control” of a Person shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise; provided, however,
that the term “Affiliate” shall specifically exclude Lender.

 

“Agreement”
means this Loan Agreement, including all amendments, modifications and supplements and any exhibit or schedule to any of the foregoing,
and shall refer to the Agreement as the same may be in effect at the time such reference becomes operative.

 

    Loan Agreement (BSG)
 
1

     

    

 

“Board
of Directors” means, with respect to any Person that is an entity, the board of directors, managers or similar governing body
of such Person, and “directors” shall mean the persons constituting such governing body.

 

“Borrower”
has the meaning specified therefor in the preamble hereto.

 

“Borrower’s
Account” means an account designated by Borrower to Lender at a commercial bank reasonably satisfactory to Lender.

 

“Business
Day” means any day other than a Saturday, Sunday or legal holiday on which Lender is open for business in Las Vegas, Nevada.

 

“Capital
Expenditures” means all expenditures for any fixed assets or improvements or for replacements, substitutions or additions thereto,
that have a useful life of more than one (1) year and which are required to be capitalized under GAAP.

 

“Change
in Control” means the occurrence of one or more of the following events: (a) BSG shall fail to own, beneficially and of record,
or otherwise control, directly or indirectly, with power to vote, 100% of the issued and outstanding capital stock and other equity interests
of DSO; (b) as of any date a majority of the Board of Directors of Borrower consists (other than vacant seats) of individuals who were
not either (i) directors of Borrower as of the Effective Date, (ii) selected or nominated to become directors by the Board of Directors
of Borrower of which a majority consisted of individuals described in clause (i), or (iii) voted to become directors by the Board of
Directors of Borrower by the owner described in clause (a), or (c) Borrower ceases to directly or indirectly own and control that percentage
of the outstanding capital stock, membership interests and other equity interests of any of its subsidiaries that it directly or indirectly
owns and controls as of the Effective Date or ceases to have the power to vote, or direct the voting of, any such capital stock, membership
interests or equity interests.

 

“Closing
Fee” has the meaning specified therefor in Section 2.06(a) hereof.

 

“Collateral”
means the collateral described in the Security Agreement.

 

“Commitment”
means the Term Loan Commitment.

 

“Default”
means any event or condition which upon notice, lapse of time or both would constitute an Event of Default.

 

“Default
Rate” means 5% annually above the Interest Rate.

 

“EBITDA”
means, with respect to any Person on a consolidated basis with its subsidiaries for any period, the net income for such period (as determined
in accordance with GAAP), plus (a) without duplication and to the extent reflected as charges in the statement of net income for such
period, the sum of (i) income taxes, (ii) Interest Expense, (iii) depreciation and amortization expense, and (iv) such other items to
which Lender may agree in its sole and absolute discretion, minus (b) to the extent added in computing net income for such period, extraordinary
gains.

 

    Loan Agreement (BSG)
 
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“Effective
Date” has the meaning specified therefor in Section 3.01 hereof.

 

“Event
of Default” means any of the events set forth in Section 6.01 hereof.

 

“Extraordinary
Receipts” means any cash received by Borrower or any of its subsidiaries not in the ordinary course of business, including
(a) pension plan reversions, (b) proceeds of insurance (but only if an Event of Default exists at such time or results from the event
giving rise to the payment of insurance proceeds), (c) judgments, proceeds of settlements or other consideration of any kind in connection
with any cause of action or claim, (d) condemnation awards (and payments in lieu thereof), (e) indemnity payments and (f) any purchase
price adjustment received in connection with any purchase agreement.

 

“Financing
Statement” has the meaning specified therefor in Section 3.01(e)(vi) hereof.

 

“Funded
Debt” shall mean the aggregate principal amount outstanding under the Loan plus any other Indebtedness of Borrower or their
subsidiaries existing on the date hereof or incurred hereafter.

 

“Governmental
Authority” means any nation or government, any federal, state, city, town, municipality, county, local or other political subdivision
thereof or thereto and any department, commission, board, bureau, instrumentality, agency or other entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government.

 

“Indebtedness”
means, with respect to any Person, at any time, without duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person
upon which interest charges are customarily paid (other than trade liabilities incurred in the ordinary course of business and payable
in accordance with customary practices), (d) all obligations of such Person under conditional sale or other title retention agreements
relating to property purchased by such Person, (e)  all Indebtedness of others secured by (or for which the holder of such Indebtedness
has an existing right, contingent or otherwise, to be secured by) any Lien or security interest on property owned or acquired by such
Person (excluding all liens for taxes not yet due and payable), whether or not the obligations secured thereby have been assumed, and
(f) all obligations, contingent or otherwise, of any Person guaranteeing or having the economic effect of guaranteeing any Indebtedness
or monetary obligation of any other Person in any manner, whether directly or indirectly.

 

“Interest
Expense” means, for any period, interest expense and loan fees of such Person and its subsidiaries, determined on a consolidated
basis in accordance with GAAP, and including capitalized and non-capitalized interest and the interest component of capitalized lease
obligations.

 

“Interest
Period” means, a period commencing on the first calendar day of each month and ending on the last calendar day of such month.

 

“Interest
Rate” means a rate of 15.00% per annum.

 

    Loan Agreement (BSG)
 
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“Lender”
has the meaning specified therefor in the preamble hereto.

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference, priority
or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional
sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and
the filing of any financing statement under the Uniform Commercial Code or comparable law of any jurisdiction in respect of any of the
foregoing).

 

“Loan”
or “Loans” means all loans (including the Term Loan) made by Lender to Borrower pursuant to this Agreement.

 

“Loan
Documents” means this Agreement, the Security Agreement, the Promissory Notes, the Flow of Funds Agreement (attached hereto
as Exhibit C) and all other agreements, instruments or other documents executed and delivered by or on behalf of Borrower pursuant
to or in connection with this Agreement.

 

“Material
Adverse Effect” means a material adverse effect on any of (a) the assets, properties or financial condition of Borrower,
(b) the legality, validity or enforceability of this Agreement or any of the other Loan Documents with respect to Borrower’s
obligations hereunder, or (c) the aggregate rights and remedies of Lender under this Agreement or any of the other Loan Documents.

 

“Maturity
Date” means the earlier of (a) July 1, 2022, (b) upon completion of Borrower’s anticipated initial public offering, and
(c) such earlier date on which the Loan is due and payable (whether at stated maturity, by acceleration or otherwise) in accordance with
the terms of this Agreement.

 

“Obligations”
means (a) the obligation of Borrower to pay, as and when due and payable (by scheduled maturity or otherwise), all amounts from
time to time owing by Borrower in respect of any Loan Document, whether for principal, interest (including, without limitation, all interest
that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy or insolvency of Borrower), fees,
indemnification payments, expense reimbursements or otherwise and (b) the obligation of Borrower to perform or observe all of Borrower’s
other obligations from time to time existing under any Loan Document.

 

“Person”
means an individual, corporation, partnership, limited liability company or partnership, association, joint-stock company, trust, unincorporated
organization, joint venture or Governmental Authority or other regulatory body.

 

“Post-Maturity
Rate” means the Default Rate plus 5% annually.

 

“Promissory
Note” has the meaning ascribed to it in Section 2.01(d).

 

“Security
Agreement” means the Security Agreement dated as of the date hereof, made by Borrower in favor of the Lender, substantially
in the form of Exhibit A annexed hereto, as amended or otherwise modified from time to time.

 

    Loan Agreement (BSG)
 
4

     

    

 

“Term
Loan Advance” means any Term Loan funds advanced under this Agreement.

 

“Term
Loan Commitment” means the commitment by the Lender to make the Term Loan to Borrower in the principal amount of $3,000,000.

 

Section
1.02  Terms Generally; Computation of Time Periods.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. In
all cases where there is more than one Borrower, then all words used in this Agreement in the singular shall be deemed to have been used
in the plural where the context and construction so require; and where there is more than one Borrower named in this Agreement or when
this Agreement is executed by more than one Borrower, the word “Borrower” shall mean all and any one or more of them. All
references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits
and Schedules to, this Agreement unless the context shall otherwise require. Unless otherwise indicated herein, all references to time
of day refer to Pacific standard time or Pacific daylight savings time, in effect in Nevada on such day. In the computation of periods
of time from a specified date to a later specified date, the word “from” means “from and including” and the words
“to” and “until” each means “to but excluding”, provided, however, that with respect
to a computation of fees or interest payable to the Lender, such period shall in any event consist of at least one full day. Except as
otherwise expressly provided herein, any reference in this Agreement to any Loan Document shall mean such document as amended, restated,
supplemented or otherwise modified from time to time. A Default or Event of Default, if one occurs, shall “exist”, “continue”
or be “continuing” until such Default or Event of Default has been waived in writing by Lender. All terms used herein which
are defined in Article 9 of the UCC and which are not otherwise defined herein shall have the same meanings herein as set forth therein.

 

Section
1.03  Accounting and Other Terms. Unless otherwise
expressly stated herein, all accounting terms used in this Agreement which are not otherwise defined herein shall be construed in accordance
with generally accepted accounting principles (“GAAP”) applied on a basis consistent with that used in preparing the
financial statements referred to in Section 4.01(h) hereof. All terms used in this Agreement which are defined in Article 9 of the Uniform
Commercial Code in effect in the State of Delaware or Florida on the date hereof and which are not otherwise defined herein shall have
the same meanings herein as set forth therein.

 

ARTICLE
II

THE
LOAN

 

Section
2.01 

 

(a) Term
Loan.

 

(i) Term
Loan. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties set forth herein,
and during the term of this Agreement, Lender agrees to make the Term Loan to the Borrower on the Effective Date in the principal amount
not to exceed $3,000,000.

 

    Loan Agreement (BSG)
 
5

     

    

 

(b) Purpose.
The proceeds of the term loan will be used to (i) assist in the leveraged acquisition of 100% of the membership interests in DSO, (ii)
assist in providing ongoing working capital requirements; and (iii) pay transaction fees and expenses related to this Agreement and the
transactions contemplated hereby.

 

(c) Promissory
Notes. The Loans shall be evidenced by one or more promissory notes substantially in the form attached hereto as Exhibit B
(as any such promissory notes may be amended, restated, supplemented, replaced, or otherwise modified, each a “Promissory Note”
and together the “Promissory Notes”). Neither the original nor a copy of any Promissory Note shall be required, however,
to establish or prove any Obligation. In the event that a Promissory Note is ever lost, mutilated, or destroyed, Borrower shall execute
a replacement thereof and deliver such replacement to the Lender upon demand by Lender upon delivery of an appropriate indemnity by Lender.
In the event of any inconsistency or conflict between this Agreement and a Promissory Note, the terms, conditions and provisions of this
Agreement shall govern and control.

 

Section
2.02  Interest.

 

(a) Interest.
After receipt of a Loan contemplated by Section 2.01, the outstanding principal of, and all accrued and unpaid interest on, the Loan
shall bear interest, equal at all times to the Interest Rate (or the Default Rate or Post-Maturity Rate, as applicable), and be payable
in arrears on the first day of each calendar month beginning July 1, 2021 and continuing until the earlier of the Maturity Date or the
date such outstanding amount is paid.

 

(b) Default
Interest. Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a) hereof, or in the case of any
other Event of Default then beginning 30 days after such Event of Default if it has not been cured, the principal of, and all accrued
and unpaid interest on, the Loans, and all outstanding past due fees, indemnities or any other financial Obligations of Borrower under
this Agreement and the other Loan Documents, shall (i) bear interest, from the date such Event of Default occurs until the date such
Event of Default is cured or waived in writing in accordance herewith, equal at all times to the Default Rate, and (ii) be payable in
arrears on the first day of each calendar month after the date such Event of Default occurs until the date such Event of Default is cured
or waived in writing in accordance herewith. Such Default Rate interest includes any interest due pursuant to Section 2.02(a).

 

(c) Post-Maturity
Interest. Any principal of, and all accrued and unpaid interest on, the Loans, and all fees, indemnities or any other financial Obligations
of Borrower under this Agreement and the other Loan Documents that remains outstanding after the Maturity Date shall (i) bear interest
from the Maturity Date until the date such outstanding amount is paid in full, equal at all times to the Post-Maturity Rate, and (ii)
be payable in arrears on the first day of each calendar month after the Maturity Date until the date such outstanding amount is paid
in full. Such Post-Maturity Rate interest includes any interest due pursuant to Section 2.02(a) and Section 2.02(b).

 

In
no event shall the interest rates applicable under this Agreement and due to Lender exceed the maximum interest rate allowable under
applicable law.

 

    Loan Agreement (BSG)
 
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Section
2.03 Repayment. Borrower shall repay to the Lender the unpaid principal of, and all accrued and unpaid interest on, the
Loan, as follows: (a) interest shall be payable each calendar month as provided in Section 2.02(a) above, (b) monthly principal installments
shall be due and payable on the first day of each calendar month beginning on August 1, 2021 in an amount equal to $50,000.00, (c) twenty
percent (20%) of all funds received by Borrower from all paid final invoices by Twinlab (excluding initial deposits) shall be paid to
the Lender bi-weekly, which such amounts shall be applied to the outstanding principal, and (d) all remaining unpaid principal and accrued
and unpaid interest shall be due and payable on the Maturity Date. Payments made pursuant hereto shall be applied as provided in Section
2.08 or Section 6.02 hereof, as applicable.

 

Section
2.04  Mandatory Prepayment of Loan.

 

(a) Asset
Dispositions. Immediately upon Borrower’s receipt of net proceeds from any material disposition of any assets of Borrower outside
the ordinary course of business, the Borrower shall prepay an aggregate principal amount of the Loans equal to one hundred percent (100%)
of all such proceeds.

 

(b)Equity
and Debt Security Issuances. If Borrower sells equity interests or issues equity or debt securities, immediately upon receipt
of the net proceeds thereof, Borrower shall prepay an aggregate principal amount of the Loans in an amount equal to (i) one hundred percent
(100%) of all such net proceeds from debt securities and (ii) twenty five percent (25%) of all such net proceeds from equity securities.

 

(c) Extraordinary
Receipts. If Borrower or any of its subsidiaries shall receive Extraordinary Receipts, then one hundred percent (100%) of the Extraordinary
Receipts received by Borrower or any of its subsidiaries shall, at the option of Lender (which option may be exercised in its sole and
absolute discretion), be paid on the date of receipt thereof by Borrower (or its subsidiary) to Lender as a mandatory payment of the
Obligations.

 

(d) EBITDA
Deficit. While any principal under this Agreement is outstanding, the aggregate Funded Debt shall not exceed two (2) times the trailing
twelve (12) month EBITDA of Borrower, as measured on a monthly basis 30 days after each calendar month (commencing on September 30, 2021),
based on the 12 month period ending on the last day of such calendar month. In the event any such measurement reveals an aggregate outstanding
Funded Debt in excess of the limit set forth above (“EBITDA Deficit”), the Borrower shall make a prepayment against
the outstanding principal amount under this Agreement equal to the EBITDA Deficit, within 30 days of the EBITDA Deficit measurement.
For the avoidance of doubt, EBITDA shall be calculated on an annualized run rate basis during the first twelve months after the Effective
Date and then covert to a trailing twelve month basis for all periods thereafter.

 

Section
2.05  Optional Prepayments. Borrower may prepay
the Loans in whole or in part upon one (1) Business Day’s irrevocable notice to the Lender, specifying (a) the date of prepayment
and (b) the principal amount to be prepaid, provided that any such prepayments shall be in an amount of not less than $25,000. If
any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with accrued
interest to such date on the amount prepaid. All prepayments shall be applied first to the accrued interest on the Loans and to the then
outstanding principal of the applicable Loans in the reverse order of maturity.

 

    Loan Agreement (BSG)
 
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Section
2.06  Fees.

 

(a) Funding
Fees. Lender shall receive a non-refundable closing fee (“Closing Fee”) equal to $60,000 which shall be offset
by Lender against the Loans (when made to Borrower) such that the actual payment received by Borrower with respect to such Loans shall
be net of such $60,000.

 

(b) Monitoring
Fee. Lender shall receive a $1,000 fee (“Monitoring Fee”) payable on the Effective Date and on the first day of
each month while any Obligations remain outstanding.

 

(c) Success
Fee. Lender shall receive a success fee (“Success Fee”) equal to $500,000 earned in full at Closing and payable
on the earlier of: (i) the Maturity Date, (ii) any prepayment in full of the Loans, or (iii) a Change in Control; provided, however,
$250,000 of the Success Fee shall be converted into stock of BSG (of the same type of security and at the same price received by Peah
Capital, LLC) if BSG consummates an initial public offering; provided, however that if such stock is subject to lock-up restrictions,
Lender may choose to have it paid in cash instead.

 

(d) Prepayment.
Borrower may prepay the Loans at any time without premium or penalty.

 

Section
2.07  Payments and Computations. Borrower will
make each payment under the Loan Documents not later than 2:00 P.M. (prevailing Pacific Time) on the day when due, in lawful money of
the United States of America and in immediately available funds, to the Lender at the Lender’s address referred to in Section 7.01
hereof. All payments shall be made by Borrower without defense, set-off or counterclaim to the Lender. Borrower hereby authorize the
Lender to, and the Lender may, charge from time to time against Borrower’s Account any amount due under any Loan Document to which
Borrower is a party. Whenever any payment to be made under any such Loan Document shall be stated to be due on a day other than a Business
Day, such payment shall be made on the next succeeding Business Day and such extension of time shall in such case be included in the
computation of interest or fees, as the case may be. All computations of interest under this Agreement and any other Loan Document and
all fees shall be made by the Lender on the basis of a year of 360 days for the actual number of days (including the first day but excluding
the last day) occurring in the period for which such interest is payable. Each determination by the Lender of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent demonstrable error.

 

Section
2.08  Application and Allocation of Payment. So
long as no Default or Event of Default has occurred and is continuing, payments made to the Lender, including prepayments allowed hereunder,
shall be applied, first, to fees and reimbursable expenses of Lender then due and payable pursuant to any of the Loan Documents, second,
to accrued interest on the Term Loan, third, to reduce the outstanding principal balance of the Loans; provided, however, that payments
matching specific scheduled payments then due shall be applied to those scheduled payments. Payments made when a Default or Event of
Default has occurred and is continuing shall be applied in accordance with Section 6.02.

 

Section
2.09  Loan Account. Lender shall maintain a loan
account (the “Loan Account”) on its books to record: all credit extensions, all payments made by Borrower, and all
other debits and credits as provided in this Agreement with respect to the Loans or any other Obligations. All entries in the Loan Account
shall be made in accordance with Lender’s customary accounting practices as in effect from time to time. The balance in the Loan
Account, as recorded on Lender’s most recent printout or other written statement, shall, absent manifest error, be presumptive
evidence of the amounts due and owing to Lender by Borrower; provided that any failure to so record or any error in so recording shall
not limit or otherwise affect Borrower’ duty to pay the Obligations. Notwithstanding any provision herein contained to the contrary,
Lender may elect (which election may be revoked) to dispense with the issuance of the Promissory Notes to Lender and may rely on the
Loan Account as evidence of the amount of Obligations from time to time owing to it. Lender shall provide Borrower with a copy of the
Loan Account upon written request.

 

    Loan Agreement (BSG)
 
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ARTICLE
III

CONDITIONS
OF LENDING

 

Section
3.01  Conditions Precedent to Effectiveness. This
Agreement and the Lender’s obligation to make a Loan in the amount of the Commitment to Borrower hereunder shall become effective
as of the Business Day when each of the following conditions precedent shall have been satisfied in a manner satisfactory to the Lender
or are waived by Lender in writing (the “Effective Date”):

 

(a) Payment
of Fees, Etc. Borrower shall have paid or caused to be paid the Closing Fee pursuant to Section 2.06 hereof and all other reasonable
fees, costs, expenses and taxes payable on the Effective Date by Borrower pursuant to Section 7.04 hereof.

 

(b) Representations
and Warranties; No Default. The following statements shall be true and correct: (i) the representations and warranties of Borrower
contained in Section 4.01 hereof and in each other Loan Document and certificate or other writing delivered to the Lender on or
before the Effective Date are true and correct on and as of the Effective Date; (ii) on the Effective Date, no Default or Event
of Default has occurred and is continuing under this Agreement and (iii) on the Effective Date, no breach by Borrower or default or event
of default has occurred and is continuing under any agreement relating to any other Indebtedness permitted by Section 5.02(b) hereof.

 

(c) Consents
and Approvals. Lender shall have received satisfactory evidence that Borrower have obtained all required consents and approvals of
all Persons including without limitation all requisite Governmental Authorities, Borrower’s Board of Directors, the shareholders,
members, managers and any necessary third parties, to the execution, delivery and performance of this Agreement and the other Loan Documents
and the consummation of the transactions contemplated hereby and thereby.

 

(d) Legality.
The obligations of the Lender under this Agreement shall not contravene any law, rule or regulation applicable to the Lender.

 

(e) Delivery
of Documents. Lender shall have received on or before the Effective Date the following, each in form and substance satisfactory to
the Lender:

 

(i) the
Security Agreement duly executed by Borrower;

 

(ii) the
Promissory Note duly executed by Borrower;

 

    Loan Agreement (BSG)
 
9

     

    

 

(iii) certificates
and instruments, if any, evidencing securities that constitute the Collateral, duly endorsed for transfer;

 

(iv) the
financing statement on Form UCC-1 by Borrower to be filed in such office or offices as may be necessary or, in the opinion of the Lender,
desirable to perfect the security interests purported to be created by the Security Agreement (the “Financing Statement”);

 

(v) the
financial statements of Borrower as of and for the 12 months ended December 31, 2020 and the interim three-month financial statements
though March 31, 2021;

 

(vi) a
certificate signed by the secretary or assistant secretary, or manager of Borrower, in form and substance satisfactory to Lender, including
a certificate of incumbency with respect to each officer signing any Loan Documents, together with appropriate attachments which shall
include the following: (A) a copy of the Articles of Incorporation or Articles of Organization certified by the Secretary of State of
the State of formation, (B) a true, complete and correct copy of the By-Laws or Operating Agreement of such Person, (C) a true, complete
and correct copy of the resolutions of the Board of Directors of such Person authorizing the execution, delivery and performance by such
Person of the Loan Documents and authorizing the borrowings hereunder, and (D) certificates of good standing from the jurisdiction where
such person is organized and from each jurisdiction in which such Person does business;

 

(vii) a
certificate executed by the Chief Executive Officer of Borrower certifying that each of the conditions set forth in this Section 3.01
has been satisfied;

 

(viii) such
other agreements, instruments, approvals and other documents as the Lender may reasonably request, including without limitation any agreements,
instruments, documents or filings necessary to perfect the security interests purported to be created by the Security Agreement.

 

(f) Proceedings;
Receipt of Documents. All proceedings in connection with the transactions contemplated by this Agreement, and all documents incidental
thereto, shall be reasonably satisfactory to the Lender, and the Lender shall have received all such information and such counterpart
originals or certified or other copies of such documents as the Lender may reasonably request.

 

(g) Material
Adverse Effect. Lender shall have determined that no Material Adverse Effect shall have occurred relating to Borrower since December
31, 2020.

 

(h) Due
Diligence. Lender shall have completed its business and legal due diligence with respect to Borrower and the Collateral, and the
results thereof shall be acceptable to Lender.

 

(i) Equity
Financing. Borrower shall have closed on an equity financing in the minimum aggregate amount of at least $6,000,000.

 

    Loan Agreement (BSG)
 
10

     

    

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES

 

Section
4.01  Representations and Warranties of Borrower.
Borrower represents and warrants, subject to the matters noted on the Schedules attached to this Agreement, as follows:

 

(a) Organization
and Powers. Borrower is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization
and qualified to do business in all states where such qualification is required except where the failure to be so qualified could not
reasonably be expected to have a Material Adverse Effect. Borrower has all requisite organizational power and authority to own and operate
its properties, to carry on its business as now conducted, to enter into each of the Loan Documents to which it is a party and to incur
the Obligations, grant liens and security interests in the Collateral and carry out the transactions contemplated hereby and thereby.

 

(b) No
Violation. The execution, delivery and performance by Borrower of each Loan Document to which Borrower is a party (i) does not and
will not violate, contravene or conflict with any law or any contractual provision binding on or otherwise affecting Borrower, or any
of the properties of Borrower and (ii) does not and will not result in or require the creation of any Lien upon or with respect to any
of the properties of Borrower, other than the security interests created by the Loan Documents.

 

(c) Approvals.
No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or other regulatory body,
and no consent of any other Person, is required for the due execution, delivery and performance by Borrower of any Loan Document to which
Borrower is or will be a party.

 

(d) Authorization;
Enforceability. All corporate action on the part of Borrower and its directors, managers, shareholders and members necessary for
the authorization, execution, delivery and performance of the Loan Documents and the performance of Borrower’s obligations hereunder
has been taken or will be taken prior to the Effective Date. Each Loan Document to which a Borrower is a party constitutes, and each
Loan Document to which a Borrower will be a party, when delivered hereunder, will constitute, a legal, valid and binding obligation of
Borrower, enforceable against Borrower in accordance with its respective terms, subject to applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law.

 

(e) Capitalization.
As of the Effective Date: (i) all issued and outstanding capital stock, membership interests or other equity interests of Borrower is
duly authorized and validly issued, fully paid, nonassessable, free and clear of all Liens, and such interests were issued in compliance
with all applicable state, federal and foreign laws concerning the issuance of securities, and (ii) there are no preemptive or other
outstanding rights, options, warrants, conversion rights or similar agreements or understandings for the purchase or acquisition from
Borrower of any capital stock, membership interests or other equity interests of any such entity. The outstanding capital stock and membership
interests of Borrower are owned beneficially and of record by the persons and in amounts set forth on Schedule 4.01(e).

 

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(f) Property
and Assets. Borrower has good and marketable title to all of its material properties and assets, and good title to its leasehold
estates, in each case subject to no mortgage, pledge, lien, security interest, lease, charge or encumbrance, other than (i) as set forth
on Schedule 4.01(f), and (ii) liens resulting from taxes which have not yet become delinquent and liens and encumbrances which do not
in any case materially detract from the value of the property subject thereto or materially impair the operations of Borrower, and which
have not arisen otherwise than in the ordinary course of business.

 

(g) Litigation.
There is no pending or, to the knowledge of Borrower, threatened action, suit or proceeding affecting Borrower before any court or other
Governmental Authority or any arbitrator, which (i) is reasonably likely to have a Material Adverse Effect, (ii) purports to affect the
legality, validity or enforceability of any Loan Document or the consummation of any transaction contemplated hereby or (iii) affects
any registration, authorization, license, permit or other approval of Borrower that is necessary for Borrower to conduct its business
as presently conducted.

 

(h) Financial
Condition. Borrower has provided the reviewed financial statements of Borrower as of and for the year ended December 31, 2020 (the
“Financial Statements”). The Financial Statements are accurate and complete in all material respects, and are consistent
with the books and records of Borrower. The Financial Statements fairly present the financial condition and operating results of Borrower
as of the dates, and for the periods, indicated therein. Except as set forth in the Financial Statements, Borrower has no known liabilities,
contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business subsequent to the Financial Statements
and (ii) obligations under contracts and commitments incurred in the ordinary course of business and not required under GAAP to be reflected
in the Financial Statements, which, individually or in the aggregate, are not material to the financial condition or operating results
of Borrower.

 

(i) Compliance
with Law, Etc. Borrower is not in violation or default of any provisions of its Articles of Incorporation, Bylaws or other organizational
document, as amended to date, or any contract or agreement, or any applicable laws, regulations, judgments, decrees or orders of the
United States of America and all states, foreign countries or other governmental bodies and agencies having jurisdiction over Borrower’s
business or properties, other than violations of laws, regulations, judgments, decrees or orders that could not reasonably be expected
to have a Material Adverse Effect. Borrower has all franchises, permits, licenses, and any similar authority necessary for the conduct
of its business as now being conducted by it, the lack of which would have a Material Adverse Effect on Borrower, and believes it can
obtain, without undue burden or expense, any similar authority for the conduct of its business as presently planned to be conducted.

 

(j) Taxes,
Etc. All Federal, state and local tax returns and other reports required by applicable law to be filed by Borrower have been filed,
and all taxes and assessments imposed upon Borrower or any property of Borrower and which have become due and payable on or prior to
the date hereof have been paid, except to the extent such taxes and assessments are subject to a payment agreement with the respective
taxing authority (provided no lien exists on the Collateral with respect thereto), or contested in good faith by proper proceedings which
stay the imposition of any penalty or fine or stay the foreclosure of any Lien resulting from the non-payment thereof and with respect
to which adequate reserves have been set aside for the payment thereof.

 

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(k) Subsidiaries.
As of the date hereof, Borrower does not presently own or control, directly or indirectly, any equity interest in any other corporation,
limited liability company, partnership, trust, joint venture, association or other entity, except as indicated on Schedule 4.01(e).

 

(l) Insurance.
Borrower maintains insurance with respect to its properties and business of the kinds and in the amounts not less than are customarily
obtained by corporations of established reputation engaged in the same or similar business and similarly situated, including, without
limitation, insurance against loss, damage, fire, theft and public liability.

 

(m) Intellectual
Property. Borrower owns or possesses sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights,
trade secrets, information and other proprietary rights (collectively “Intellectual Property Rights”) necessary for
its business as now conducted, without any known infringement of the rights of others. Borrower is not bound by or a party to any options,
licenses or agreements of any kind with respect to the Intellectual Property Rights of Borrower or any other person or entity, other
than licenses or agreements relating to Borrower’s use rights regarding “off the shelf” or standard products. Borrower
has not received written notice that it is infringing upon, violating or otherwise acting adversely to, or that by conducting its business
as proposed it would infringe upon, violate or otherwise act adversely to, the right or claimed right of any person or entity under or
with respect to any Intellectual Property Rights or licenses of third parties. Borrower is not aware of any violation by a third party
of any of Borrower’s Intellectual Property Rights. Borrower is not obligated or under any liability to make payments by way of
royalties, fees or otherwise to any owner, licensor of, other claimant to, or party to any option, license or agreement of any kind with
respect to, any Intellectual Property Rights except for commercially available software which Borrower licenses on standard terms.

 

(n) Employees.
Borrower is not a party to or bound by any currently effective written employment contract with any of its employees, other than those
that are terminable at will. To Borrower’s knowledge, no employee of Borrower is in violation of any term of any employment contract,
non-disclosure agreement or any other contract or agreement relating to the right of any such employee to be employed by Borrower because
of the nature of the business conducted or to be conducted by Borrower or for any other reason, and the continued employment by Borrower
of its present employees will not result in any such violations. Except as set forth on Schedule 4.01(n), Borrower has no deferred compensation,
pension, profit sharing, bonus, insurance, severance or any other similar employee benefit plan or obligation covering any of its officers
or employees other than as set forth in the Financial Statements.

 

(o) Agreements
and Other Documents. Borrower has provided, or upon request by Lender shall provide, to Lender accurate and complete copies (or summaries)
of all of the following agreements or documents: (i) vendor agreements and purchase agreements not terminable by Borrower within sixty
(60) days following written notice issued by Borrower and involving transactions in excess of $20,000 per annum; (ii) agreements with
Affiliates of Borrower; (iii) leases of equipment having a remaining term of one year or longer and requiring aggregate rental and other
payments in excess of $20,000 per annum; (iv) licenses and permits held by Borrower; (v) instruments and documents evidencing any Indebtedness
of Borrower and any Lien granted by Borrower with respect thereto; (vi) agreements containing noncompetition agreements or exclusivity
arrangements or that otherwise restrict Borrower’s ability to do business; (vii) agreements involving payments to or by Borrower
in excess of $50,000; and (vii) instruments and agreements evidencing the issuance of any equity securities, ownership interests, warrants,
rights or options to purchase equity securities or ownership interests of Borrower.

 

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(p) Business
Relationships.  To Borrower’s knowledge, there exists no actual or threatened termination, cancellation or limitation
of, or any modification or change in, the business relationship between Borrower and any customer or any group of customers whose purchases
individually or in the aggregate are material to the business of Borrower, or with any material supplier; and there exists no present
condition or state of facts or circumstances which would materially and adversely affect Borrower or prevent Borrower from conducting
such business after the consummation of the transactions contemplated by this Agreement in substantially the same manner in which it
has heretofore been conducted.

 

(q) Deposit
and Disbursement Accounts. Schedule 4.01(q) lists all banks and other financial institutions at which Borrower maintains deposit
or other accounts as of the Effective Date, and such Schedule correctly identifies the name, address and telephone number of each depository,
the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

 

(r) Related
Party Transactions. No employee, officer, director or manager of Borrower or member of his or her immediate family is indebted to
Borrower, nor is Borrower indebted (or committed to make loans or extend or guarantee credit) to any of them, other than as set forth
on Schedule 4.01(r). Except as set forth on Schedule 4.01(r), to the knowledge of Borrower, none of such persons has any direct or indirect
ownership interest in any business or corporation with which Borrower is affiliated or with which Borrower has a business relationship,
or any business or corporation that competes with Borrower, except that employees, officers, directors or managers of Borrower and members
of their immediate families may own stock in publicly traded companies that may compete with Borrower. No member of the immediate family
of any officer, director or manager of Borrower is directly or indirectly interested in any material contract with Borrower, except as
set forth in this Section 4.01(r) above.

 

(s) Books
and Records. The minute books of Borrower contain complete and accurate records of all meetings and other corporate actions of its
shareholders and Board of Directors and committees thereof.

 

(t) Solvency.
The fair salable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities;
Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts
(including trade debts) as they mature.

 

(u) Benefit
Plans and ERISA.

 

(i) Schedule
4.01(u) sets forth a complete and accurate list of all pension, profit-sharing, retirement, deferred compensation, bonus, incentive compensation,
equity-based compensation, severance, retention, welfare, health, dental, vision, life insurance, disability, tuition, vacation, and
other employee benefit and fringe benefit plans and programs (including, but not limited to, all employee benefit plans as defined in
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), whether or not subject
to ERISA), which are currently in effect for Borrower, which are intended to provide benefits to current or former employees, directors,
officers or independent contractors of Borrower and/or their beneficiaries, or for which Borrower has any liability, whether actual or
contingent. Each of these arrangements will be referred to herein as a “Benefit Plan.”

 

(ii) Borrower
has delivered to Lender a true and complete copy of each Benefit Plan.

 

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(iii) 
Each Benefit Plan has at all times been operated in accordance with its terms, and complies currently, and has complied in the past,
both in form and operation, and whether as a matter of substantive law or in order to maintain any intended tax qualification, with all
Laws, including ERISA and the Code.

 

(v) Business
Locations. Set forth on Schedule 4.01(v) is a list of all real property located in the United States that is owned or leased by Borrower
as of the Closing Date. Set forth on Schedule 4.01(v) is the tax payer identification number and organizational identification number
of Borrower as of the Closing Date. The exact legal name and state of organization of Borrower is as set forth on the signature pages
hereto. Except as set forth on Schedule 4.01(v), Borrower has not during the five years preceding the Closing Date (i) changed its legal
name, (ii) changed its state of formation, or (iii) been party to a merger, consolidation or other change in structure.

 

(w) Full
Disclosure. No Loan Document or schedule or exhibit thereto, and no certificate, report, statement or other document or information
furnished to Lender by Borrower in connection herewith or with the consummation of the transactions contemplated hereby, contains any
material misstatement of fact or omits to state a material fact or any fact necessary to make the statements contained herein or therein
not misleading in any material respect in light of the circumstances under which they were made. There is no fact known to Borrower that
materially adversely affects the financial condition of Borrower or the value of the Collateral, or that otherwise is reasonably likely
to have a Material Adverse Effect, that has not been disclosed to Lender in writing prior to the Effective Date.

 

ARTICLE
V

COVENANTS
OF BORROWER

 

Section
5.01  Affirmative Covenants. So long as any principal
of or interest on any Loan or any other Obligations (whether or not due) shall remain unpaid or Lender shall have any Commitment hereunder,
Borrower will, unless Lender shall otherwise consent in writing:

 

(a) Reporting
Requirements. Furnish to Lender:

 

(i) no
later than 30 days after the end of each month, unaudited financial statements of Borrower for the prior month, in form and substance
reasonably acceptable to Lender, fairly presenting the financial condition of Borrower as of such date, complete with both monthly and
year to date financial results, and an affirmative written statement by an officer of Borrower stating that no Defaults have occurred;
provided, however that at the end of each month Borrower shall provide Lender with a covenant compliance certificate that includes its
calculations of EBITDA;

 

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(ii) no
later than 120 days after the end of each fiscal year, financial statements of Borrower for the prior fiscal year, in form and substance
reasonably acceptable to the Lender, fairly presenting the financial condition of Borrower as of such date ;

 

(iii) promptly
after the commencement thereof but in any event not later than 15 Business Days after service of process with respect thereto on, or
the obtaining of knowledge thereof by, Borrower, notice of each action, suit or proceeding at law, in equity, in arbitration or before
any other Governmental Authority or other regulatory body or arbitrator involving Borrower or the Collateral;

 

(iv) promptly
but in any event not more than 15 Business Days after the occurrence thereof, notice of the occurrence of either any Default or Event
of Default under this Agreement, which notice shall contain a brief description of the nature of such Default or Event of Default and
any action with respect thereto taken or contemplated to be taken by Borrower;

 

(v) promptly
upon request, such other information concerning the financial condition of Borrower or information concerning any of the Collateral,
in each case, as the Lender from time to time may reasonably request; and

 

(vi) no
later than 30 days after the end of each month after receipt by Borrower, copies of all reports and statement received by Borrower from
any of its banks or other financial institutions (in lieu of such requirement, Borrower may grant Lender on-line “view only”
access to all of their accounts on terms acceptable to Lender).

 

(b) Compliance
with Laws, Etc. Comply in all respects with (i) all applicable laws, rules, regulations and orders, such compliance to include, without
limitation, (A) paying before the same become delinquent all taxes, assessments and governmental charges or levies imposed upon Borrower
or upon Borrower’s income or profits or upon Borrower’s properties, (B) paying all lawful claims which if unpaid might become
a Lien or charge upon Borrower’s properties, except in each case to the extent contested in good faith by proper proceedings which
stay the imposition of any penalty or fine or stay the foreclosure of any Lien resulting from the non-payment thereof and with respect
to which adequate reserves have been set aside for the payment thereof, and (C) obtaining and maintaining in effect Borrower’s
registrations, authorizations, licenses, permits and authorities necessary to carry out Borrower’s business as currently conducted,
and (ii) the obligations, covenants and conditions contained in all material contractual obligations of Borrower or any of its subsidiaries,
other than, with respect to the foregoing clauses (i)(A), (i)(B) and (ii), those laws, rules, regulations, orders and contractual provisions
the noncompliance with which could not be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect.

 

(c) Further
Assurances. Do, execute, acknowledge and deliver, at the sole cost and expense of Borrower, all such further acts and assurances
as the Lender may reasonably require from time to time consistent with this Agreement, in order to better assure, convey, grant, assign,
transfer and confirm unto the Lender the rights now or hereafter intended to be granted to the Lender under this Agreement, any Loan
Document or any other instrument under which Borrower may be or may hereafter become bound to effect the intention or facilitate the
performance of the terms of this Agreement.

 

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(d) Federal
Regulations. If requested by Lender at any time and from time to time, furnish to Lender any information necessary for Lender to
file a Federal Reserve Form U-1.

 

(e) Collateral.
Take or cause to be taken all steps necessary or reasonably requested by Lender to grant to Lender a perfected, security interest in
the Collateral and to enable Lender to realize upon and transfer or otherwise dispose of the Collateral, in compliance with all applicable
laws, including without limitation the delivery of duly endorsed stock certificates, the filing of UCC-1 financings statements and, after
the occurrence of an Event of Default, the execution of account control agreements or similar agreements (in form satisfactory to Lender)
with respect to any bank or brokerage accounts maintained by Borrower and its subsidiaries pursuant to which such bank or broker acknowledges
the security interest of Lender in such accounts, agrees to comply with instructions originated by Lender directing disposition of the
funds in the accounts without further consent from Borrower or its subsidiary, and agrees to subordinate and limit any security interest
the bank or broker may have in any such account on terms satisfactory to Lender.

 

(f) Maintenance
of Properties; Insurance. Maintain or cause to be maintained in good repair, working order and condition (ordinary wear and tear
excepted) all properties used in the business of Borrower and its subsidiaries and, to the extent deemed prudent business conduct (to
be determined by Borrower in its good faith discretion) will make or cause to be made all appropriate repairs, renewals and replacements
thereof. Borrower will maintain or cause to be maintained, with financially sound and reputable insurers, public liability and property
damage insurance with respect to its business and properties and the business and properties of its subsidiaries against loss or damage
of the kinds customarily carried or maintained by companies of established reputation engaged in similar businesses and in amounts reasonably
acceptable to Lender and will deliver evidence thereof to Lender. Borrower shall cause Lender, pursuant to endorsements and/or assignments
in form and substance reasonably satisfactory to Lender, to be named as lender’s loss payee in the case of casualty insurance,
additional insured in the case of all liability insurance and assignee in the case of all business interruption insurance (if any), in
each case for the benefit of Lender. In the event Borrower fails to provide Lender with evidence of the insurance coverage required by
this Agreement, Lender may, after no less than thirty (30) days prior written notice to Borrower, purchase insurance at Borrower’s
expense to protect Lender’s interests in the Collateral. This insurance may, but need not, protect Borrower’s interests.
The coverage purchased by Lender may not pay any claim made by Borrower or any claim that is made against Borrower in connection with
the Collateral. Borrower may later cancel any insurance purchased by Lender, but only after providing Lender with evidence that Borrower
has obtained insurance as required by this Agreement. If Lender purchases insurance for the Collateral, Borrower will be responsible
for the costs of that insurance, including interest and other charges imposed by Lender in connection with the placement of the insurance,
until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to the Obligations.
The costs of the insurance may be more than the cost of insurance Borrower is able to obtain on its own.

 

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(g) Inspection;
Lender Meeting. Upon reasonable notice (but in no event less than forty eight (48) hours prior notice), permit any authorized representatives
of Lender to visit, audit, appraise and inspect the Collateral and Borrower’s financial and accounting records, and to make copies
and take extracts therefrom, and to discuss its and their affairs, finances and business with its and their officers and certified public
accountants, at such reasonable times during normal business hours and as often as may be reasonably requested; provided that while any
Event of Default is occurring no notice to Borrower shall be required. Any such visits, audits, collateral audits, appraisals and inspections
shall be at Borrower’s sole cost and expense; provided, however, that if no Event of Default has occurred and is continuing, then
Borrower shall not be obligated to pay for (i) more than 2 days of onsite audit or inspection by Lender in any twelve month period and
(ii) more than 1 audit or inspection by a third party in any 12 month period. The cost of audits or inspection by Lender shall not exceed
$1,500 per day.

 

(h) Organizational
Existence. At all times preserve and keep in full force and effect its organizational existence and all rights and franchises material
to its business.

 

(i) Board
Meeting and Materials. Provide Lender copies of all final (as opposed to drafts) of notices, minutes, consents and other materials
Borrower provides to its directors in connection with meetings of the Board of Directors (or committees thereof) at the same time and
in the same manner as it gives to its directors.

 

(j) Formation
of Subsidiaries. At the time of the formation of any direct or indirect subsidiary of Borrower after the date hereof or the acquisition
of any direct or indirect subsidiary of Borrower after the date hereof, Borrower shall (a) cause such new subsidiary to execute a counterpart
signature page to this Agreement, the Security Agreement and the other Loan Documents (as applicable), pursuant to which such new subsidiary
shall become a Borrower under this Agreement, the Security Agreement and the other Loan Documents so executed, together with appropriate
Uniform Commercial Code financing statements and other security documents, all in form and substance reasonably satisfactory to Lender,
(b) provide to Lender a pledge agreement and appropriate certificates and powers or Uniform Commercial Code financing statements, pledging
all direct or beneficial ownership interest in such new subsidiary (regardless of whether owned by Borrower or a subsidiary of Borrower
or a holder of a minority equity interest), in form and substance reasonably satisfactory to Lender.

 

SECTION
5.02. Negative Covenants. So long as any principal of or interest on any Loan or any other Obligations (whether or not due) shall
remain unpaid or the Lender shall have any Commitment hereunder, Borrower will not, without the prior written consent of the Lender:

 

(a) Liens,
Pledges, Etc. Create or suffer to exist any Lien or pledge (other than Liens and pledges in favor of the Lender), or other type of
preferential arrangement upon or with respect to any of the Collateral.

 

(b) Indebtedness.
Create, incur or suffer to exist any Indebtedness or permit any subsidiary to do so, other than:

 

(i) Indebtedness
owing to the Lender;

 

(ii) Indebtedness
permitted by paragraph (c) of this Section 5.02;

 

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(iii) provided
no Event of Default has occurred and is continuing, Indebtedness used solely for the acquisition of equipment as permitted by Section
5.02(m) below, in an aggregate principal amount not to exceed $100,000 outstanding at any time in any twelve month period, without the
Lender’s prior written consent. The thresholds provided herein shall be inclusive of, and not in addition to, the thresholds for
Capital Expenditures permitted pursuant to Section 5.02(m) hereof.

 

(c) Guaranties,
Etc. Assume, guarantee, indorse or otherwise become directly or contingently liable for Indebtedness of any other Person, other than:

 

(i) guaranties
by endorsement of negotiable instruments for deposit or collection in the ordinary course of business; and

 

(ii) guaranties
in favor of the Lender.

 

(d) Changes
to Agreements. Agree or consent to any amendment, modification, supplement or waiver of any provision of any material contract to
which Borrower or any of its subsidiaries is a party, if such amendment, modification, supplement or waiver could reasonably be expected
to have a Material Adverse Effect. Enter into any agreement that in any way restricts or imposes conditions or fees on the sale, assignment,
pledge or other disposition of the Collateral.

 

(e) Fundamental
Changes. Directly or indirectly: (i) amend, modify or waive any term or provision of its organizational documents, including its
articles of incorporation, articles of organization, by-laws or operating agreement, in any material manner or in any manner which negatively
affects Lender; (ii) enter into any transaction involving a merger or consolidation with another Person; (iii) liquidate, wind-up or
dissolve itself (or suffer any liquidation or dissolution); (iv) acquire by purchase or otherwise acquire all or any substantial part
of the business or assets of any other Person, (v) consummate, or enter into an agreement to consummate, a Change in Control; or (vi)
sell, convey, license, lease or dispose of a material portion of Borrower’s assets or business.

 

(f) Investments.
(i) Acquire or own, or make any investment in or loan to, any Person, or permit any of its subsidiaries so to do, or (ii) maintain or
invest any of its property with a Person other than Lender or permit any subsidiary to do so unless such Person has entered into a control
agreement with Lender, in form and substance satisfactory to Lender, or (iii) suffer or permit any subsidiary to be a party to, or be
bound by, an agreement that restricts such subsidiary from paying dividends or otherwise distributing property to Borrower.

 

(g) Distributions.
Pay any dividends or make any other distribution or payment on account of or in redemption, retirement or purchase of any capital stock,
membership interests or other equity interest.

 

(h) Change
in Name, Location; Executive Office; Executive Management; Business. Change its name or state of organization or relocate its chief
executive office without 30 days prior written notification to Lender; replace its chief executive officer or chief financial officer
without 30 days prior written notification to Lender; engage in any business, or permit any of its subsidiaries to engage in any business,
other than or reasonably related or incidental to the businesses currently engaged in by Borrower.

 

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(i) Bank
Accounts. Establish any new bank or brokerage accounts without prior written notice to Lender.

 

(j) Transactions
with Affiliates. Directly or indirectly enter into or permit to exist any transaction with any Affiliate of Borrower except for transactions
that are in the ordinary course of Borrower’s business, upon fair and reasonable terms. For the avoidance of doubt, no Borrower
shall enter into any contract (or arrangement if no contract) with any other Borrower that has the effect of causing any Borrower to
suffer lower margins (other than lower margins that may result from the ordinary course of business), with respect to the services/products
in question, than: (i) such first party earned prior to such arrangement; or (ii) such first party would have earned had it performed
the service/made the products internally.

 

(k) Confidentiality.
Disclose, or permit its Affiliates to disclose, the terms and conditions of the Loan Documents, unless (and only to the extent that)
Borrower or such Affiliate is required to do so under law and then, in any event, Borrower or such Affiliate will consult with Lender,
as applicable, before making such disclosure. Borrower consents to the publication by Lender of a tombstone or similar advertising material
relating to the financing transactions contemplated by this Agreement. Lender reserves the right to provide to industry trade organizations
information necessary and customary for inclusion in league table measurements; provided that such information shall contain no specific
references to Borrower or its Affiliates.

 

(l) Indebtedness.
Prepay any Indebtedness (other than to Lender) or amend the material terms of any of its Indebtedness.

 

(m) Capital
Expenditures. Incur or contract to incur Capital Expenditures, other than for the purchase of equipment in an aggregate amount not
to exceed $250,000 during any twelve month period; which expenditures may be paid in cash or financed through a capital lease, loan or
similar arrangement; provided, however, that the thresholds provided herein shall be inclusive of, and not in addition to, the thresholds
of Indebtedness permitted pursuant to Section 5.02(b)(iii) hereof; and provided further that no such Capital Expenditures shall be incurred
or contracted for at any time an Event of Default exists.

 

(n) Funded
Debt/EBITDA Ratio. Borrower shall not permit the aggregate Funded Debt during the trailing twelve (12) month period to exceed two
(2) times the trailing twelve (12) month EBITDA of Borrower, as measured on a monthly basis on and after September 30, 2021. For the
avoidance of doubt, EBITDA shall be calculated on an annualized run rate basis during the first twelve months after the Effective Date
and then covert to a trailing twelve month basis for all periods thereafter.

 

ARTICLE
VI

EVENTS
OF DEFAULT

 

Section
6.01  Events of Default. Any one or more of the
following events shall constitute an Event of Default under this Agreement:

 

(a) Borrower
shall fail to pay (i) any principal of any Loan when due (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise) or (ii) any interest on any Loan, any fee or any other amount payable hereunder or any other Indebtedness of Borrower to the
Lender when due. Notwithstanding the foregoing requirements, the Borrower will be permitted to pay up to three (3) days late on no more
than three occasions within a twelve month period without such tardiness constituting an Event of Default.

 

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(b) any
representation or warranty made by Borrower in any Loan Document or in any report, certificate or other document delivered to the Lender
pursuant to any Loan Document shall have been incorrect in any material adverse respect when made; or

 

(c) Borrower
shall materially fail to perform or observe any term, covenant or agreement contained in any Loan Document to be performed or observed
by Borrower (other than as set forth in subsections (a), and (b) of this Section 6.01), and such failure, if capable of being remedied,
shall remain unremedied for 15 Business Days after written notice thereof shall have been given to Borrower by the Lender; or

 

(d) Borrower
shall fail to pay any Indebtedness (excluding Indebtedness evidenced by this Agreement), or any interest or premium thereon, when due
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable
grace period, if any, specified in the agreement or instrument relating to such Indebtedness; or any other material default under any
agreement or instrument relating to any such Indebtedness, or any other event, shall occur and shall continue after the applicable grace
period, if any, specified in such agreement or instrument, if the effect of such default or event is to accelerate, or to permit the
acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and payable, or required to
be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; or

 

(e) Borrower
shall be generally not paying its debts as they become due, or shall admit in writing its inability to pay such debts generally as they
become due, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against Borrower,
seeking to adjudicate Borrower bankrupt or insolvent, or seeking dissolution, liquidation, winding up, reorganization, arrangement, adjustment,
protection, relief or composition of Borrower or the debts of Borrower under any law relating to bankruptcy, insolvency or reorganization
or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar
official for Borrower or for any substantial part of the property of Borrower, and, in the case of any such proceeding instituted against
Borrower, the petition commencing such proceeding is not dismissed within 120 calendar days of the date of the filing thereof; or Borrower
shall take any action to authorize or effect any of the actions set forth above in this subsection (f); or

 

(f) the
Security Agreement and the Financing Statement, or any other security document in connection with the transaction contemplated herein
after delivery, shall for any reason, fail or cease to create a valid and perfected first priority lien on and security interest in the
Collateral purported to be covered thereby; or

 

(g) the
occurrence of any uninsured loss, theft, damage, or destruction of or to any material portion of the Collateral of a value in excess
of $50,000; or

 

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(h) any
Governmental Authority shall revoke, not renew or suspend (for more than 10 Business Days) any license, permit or authorization of Borrower
that is necessary for Borrower to conduct its business as presently conducted; or any such Governmental Authority shall have appointed
a conservator, supervisor or trustee to oversee any of the operations of Borrower, any guarantor of the Loan or any of their respective
subsidiaries; or

 

(i) Any
of Alfonso J. Cervantes, Jr. (Executive Chairman), Ryan F. Zackon (CEO) or Darren C. Minton (President) shall cease to be employed or
engaged by Borrower on a full time basis and such Borrower shall have failed to employ or engage a replacement approved by Lender within
sixty (60) days, unless otherwise consented to by Lender, which such consent shall not be unreasonably withheld; or

 

(j) the
occurrence of a default or event of default under any agreement relating to Indebtedness permitted by Section 5.02(b) hereof; or

 

(k) the
occurrence of an event or the existence of a circumstance that is more likely than not to result in a Material Adverse Effect; or

 

(l) the
occurrence of a Change in Control; or

 

(m) one
or more judgments or orders for the payment of money exceeding any applicable insurance coverage by more than $50,000 in the aggregate,
shall be rendered against Borrower, and either (i) enforcement proceedings shall have been commenced by any creditor upon any such judgment
or order or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of any such judgment or order, by
reason of a pending appeal or otherwise, shall not be in effect; or

 

(n) any
shareholder of Borrower shall transfer or create or suffer to exist any Lien or pledge upon or with respect to any of the shares of stock
of Borrower.

 

In
any such event, the Lender may, by notice to Borrower, (i) declare the Commitment to be terminated, whereupon the Commitment shall forthwith
terminate, (ii) declare all Obligations to be forthwith due and payable without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by Borrower, (iii) require additional information relating to Borrower, as it sees
fit in its reasonable discretion, and (iv) exercise any and all of its other rights under applicable law, hereunder and under the other
Loan Documents; provided, however, that in the event of an entry of an order for relief with respect to Borrower under
the United States Bankruptcy Code or the occurrence of any event described in paragraph (f) of this Section 6.01, the Commitment shall
automatically be terminated and all Obligations shall automatically become and be due and payable, without presentment, demand, protest
or any notice of any kind, all of which are hereby expressly waived by Borrower.

 

Section
6.02  Application of Proceeds. Notwithstanding
anything to the contrary contained in this Agreement, upon the occurrence and during the continuance of a Default or Event of Default,
(a) Borrower irrevocably waives the right to direct the application of any and all payments at any time or times thereafter received
by Lender from or on behalf of Borrower, and Lender shall have the continuing and exclusive right to apply and to reapply any and all
payments received at any time or times after the occurrence and during the continuance of a Default or Event of Default against the Obligations
in such manner as Lender may deem advisable, consistent with the terms hereof, notwithstanding any previous application by Lender and
(b) in the absence of a specific determination by Lender with respect thereto, the proceeds of any sale of, or other realization upon,
all or any part of the Collateral shall be applied: first to the payment of fees and expenses payable hereunder; second, to accrued interest
on the Loans (including any interest which but for the provisions of the Bankruptcy Code, would have accrued on such amounts); third,
to reduce the outstanding principal balance of the Loans until the Loans have been paid in full in cash; and fourth, to any other obligations
of Borrower owing to Lender under the Loan Documents. Any balance remaining shall be delivered to Borrower or to whomever may be lawfully
entitled to receive such balance or as a court of competent jurisdiction may direct.

 

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ARTICLE
VII

MISCELLANEOUS

 

Section
7.01  Notices, Etc. Unless otherwise expressly
provided herein, all notices and other communications provided for hereunder shall be in writing and shall be mailed, telecopied, emailed
or delivered (including via courier) to Borrower and the Lender at the addresses set forth below, or at such other addresses as shall
be designated by Borrower or the Lender in a written notice to the other party complying as to delivery with the terms of this Section
7.01.

 

Borrower

 

Bonne Sante Group, Inc.

10575 NW 37th Terrace

Doral, FL 33178

Attention: Mr. Alfonso J. Cervantes, Chairman

Telephone:

e-mail:

 

Lender  

 

Diamond Creek Capital, LLC

11378 Villa Bellagio Drive

Las Vegas, NV 89141

Attn: Thomas P. Harrison

Telephone: Fax:

e-mail:  

 

All
such notices and other communications shall be effective (a) if mailed, three (3) days after the mailing date, (b) if telecopied or emailed,
upon receipt or (c) if delivered, upon delivery.

 

Section
7.02  Amendments, Etc. No amendment of any provision
of this Agreement shall be effective unless it is in writing and signed by Borrower and the Lender, and no waiver of any provision of
this Agreement, nor consent to any departure by Borrower therefrom, shall be effective unless it is in writing and signed by the Lender,
and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

 

Section
7.03  No Waiver; Remedies, Etc. No failure on
the part of a party to exercise, and no delay in exercising, any right hereunder or under any other Loan Document shall operate as a
waiver thereof; nor shall any single or partial exercise of any right under any Loan Document preclude any other or further exercise
thereof or the exercise of any other right. The rights and remedies of a party provided herein and in the other Loan Documents are cumulative
and are in addition to, and not exclusive of, any rights or remedies provided by law. The rights and remedies of a party under any Loan
Document against another party thereto are not conditional or contingent on any attempt by such party to exercise any of its rights and
remedies under any other Loan Document against such other party or against any other Person.

 

Section
7.04  Fees, Costs, Expenses and Taxes. Borrower
shall pay or cause to be paid on demand (a) all reasonable fees, costs and expenses in connection with (i) the negotiation, execution
and delivery of this Agreement and any other Loan Document and (ii) the amendment, waiver and administration of this Agreement and any
other Loan Document and the other documents to be delivered pursuant to the Loan Documents, and (b) all reasonable costs and expenses,
if any (including, without limitation, reasonable counsel fees, expenses and other client charges), in connection with the enforcement
of (or any “work-out” or restructure with respect to) the Loan Documents and the other documents to be delivered pursuant
to the Loan Documents. In addition, Borrower will pay any and all stamp and other taxes and fees payable or determined to be payable
in connection with the execution, delivery, filing and recording of the Loan Documents and the other documents to be delivered pursuant
to the Loan Documents, and will save the Lender harmless from and against any and all liabilities with respect to or resulting from any
delay in paying or omission to pay such taxes and fees. For the avoidance of doubt, such taxes shall not include taxes on Lender’s
income hereunder.

 

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Section
7.05  Indemnification. Borrower hereby agrees
to indemnify, defend and hold the Lender and its officers, directors, managers, employees, agents, and attorneys (collectively, the “Indemnitees”)
harmless from and against any and all claims, charges, actions, suits, proceedings, lawsuits, obligations, liabilities, fines, penalties,
costs and expenses (including, without limitation, reasonable attorney’s fees, expenses and other client charges) which the Indemnitee
shall incur or which shall be claimed against an Indemnitee by any Person in any way relating to or arising out of (a) the execution
or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance
by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated
hereby or thereby or (b) the use of the proceeds of the Loans including any and all reasonable expenses set forth in Section 7.04 hereof
which arise as a result of any claims, charges, actions, suits, proceedings or lawsuits described in this Section 7.05. Borrower shall
not have any obligation to any Indemnitee under this Section 7.05 with respect to any claims, charges, suits, proceedings, lawsuits,
obligations, liabilities, fines, penalties, costs and expenses that a court of competent jurisdiction finally determines to have resulted
from the gross negligence or willful misconduct of such Indemnitee. The obligations and provisions of this paragraph shall continue and
remain in full force and effect after the Obligations of Borrower under this Agreement and the other Loan Documents have been paid and
discharged in full and this Agreement and such other Loan Documents are otherwise terminated.

 

Section
7.06  Right of Set-off. Upon the occurrence and
during the continuance of any Event of Default the Lender may, and is hereby authorized to, at any time and from time to time, without
notice to Borrower (any such notice being expressly waived by Borrower) and to the fullest extent permitted by law, set off and apply
any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing
by the Lender to or for the credit or the account of Borrower against any and all obligations of Borrower now or hereafter existing under
any Loan Document, irrespective of whether or not the Lender shall have made any demand hereunder or thereunder and although such obligations
may be contingent or unmatured. Lender agrees promptly to notify Borrower after any such set-off and application made by the Lender,
provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Lender
under this Section 7.06 are in addition to the other rights and remedies (including, without limitation, other rights of set-off) which
the Lender may have.

 

Section
7.07  Severability. Any provision of this Agreement,
or of any other Loan Document to which Borrower is a party, which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof
or thereof or affecting the validity or enforceability of such provision in any other jurisdiction.

 

Section
7.08 . Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of Borrower and the Lender and their respective successors and assigns, except that Borrower
may not assign the rights of Borrower hereunder or any interest herein without the prior written consent of the Lender and any such assignment
without the Lender’s prior written consent shall be null and void. Lender may assign, transfer, pledge, grant a security interest
in or enter into one or more participations with respect to all or a portion of its rights and obligations under this Agreement and the
other Loan Documents without the consent of Borrower or any other Person.

 

Section
7.09  Counterparts. This Agreement may be executed
in any number of counterparts and by different parties hereto in separate counterparts, each of which shall be deemed to be an original,
but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Agreement by
telefacsimile or electronic mail shall be equally as effective as delivery of an original executed counterpart of this Agreement.

 

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Section
7.10  Headings. Section headings herein are included
for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

 

Section
7.11  Governing Law. THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEVADA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF
NEVADA WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

 

Section
7.12  Consent to Jurisdiction, Etc. SUBJECT TO
THE OTHER PROVISIONS SET FORTH HEREIN, ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE
BROUGHT IN THE COURTS OF THE STATE OF NEVADA IN CLARK COUNTY, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY IRREVOCABLY
ACCEPTS IN RESPECT OF THE PROPERTY OF BORROWER, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS AND IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING
OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL OR VIA NATIONALLY RECOGNIZED COURIER, POSTAGE PREPAID, TO THE OTHER PARTY AT ITS ADDRESS
FOR NOTICES CONTAINED IN SECTION 7.01 HERETO. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW. EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH SUCH
PARTY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM
THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

Section
7.13  Survival of Agreement. All covenants, agreements,
representations and warranties made by Borrower herein and in the certificates or other instruments prepared or delivered in connection
with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lender and shall survive
the making by the Lender of the Loan, regardless of any investigation made by the Lender or on its behalf, and shall continue in full
force and effect so long as the principal of or any accrued interest on the Loan or any fee or any other amount payable under this Agreement
or any other Loan Document is outstanding and unpaid or the Commitment has not been terminated. The provisions of Section 7.05 hereof
shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement or any other Loan Document,
the consummation of the transactions contemplated hereby, the repayment of the Loan, the expiration of the Commitment, the invalidity
or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf
of the Lender.

 

Section
7.14  No Third Party Beneficiaries. No Person,
other than the parties (and, in the case of the Lender, its successors and assigns hereunder) to this Agreement, has been given or shall
be deemed to have been given any rights as a third party beneficiary hereunder or under any of the other Loan Documents or other instruments
and documents executed in connection herewith and therewith.

 

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Section
7.15  Protection of Assets. Lender, in the Lender’s
discretion, and from time to time, may discharge any tax or Lien on any of the Collateral or, upon and during the continuance of a Default
or Event of Default, take any other action which the Lender may deem necessary or desirable to repair, insure, maintain, preserve, collect,
or realize upon any of the Collateral. Lender shall not have any obligation to undertake any of the foregoing and shall have no liability
on account of any action so undertaken except where there is a specific finding in a judicial proceeding (in which the Lender has had
an opportunity to be heard), from which finding no further appeal is available, that the Lender had acted in bad faith or in a grossly
negligent manner. Borrower shall pay to the Lender, on demand, all amounts paid or incurred by the Lender pursuant to this Section.

 

Section
7.16  No Fiduciary Relationship; Limited Liability.
No provision in the Loan Documents and no course of dealing between the parties shall be deemed to create any fiduciary duty owing to
Borrower by Lender. Borrower agrees that Lender shall have no liability to Borrower or any of its Affiliates or subsidiaries (whether
direct or indirect, sounding in tort, contract or otherwise) for losses suffered by Borrower in connection with, arising out of, or in
any way related to the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event
occurring in connection therewith, unless and to the extent that it is determined that such losses resulted from the willful misconduct
of the party from which recovery is sought as determined by a final non-appealable order by a court of competent jurisdiction. Lender
shall not have any liability with respect to, and Borrower, for itself and its subsidiaries and Affiliates, hereby waives, releases and
agrees not to sue for, any special, indirect, punitive or consequential damages suffered by Borrower or any of its Affiliates or subsidiaries
in connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby.

 

Section
7.17  Integration. This Agreement and the other
Loan Documents represent the entire agreement of Borrower and the Lender with respect to the subject matter hereof, and there are no
promises, undertakings, representations or warranties by the Lender relative to the subject matter thereof not expressly set forth or
referred to herein or in the other Loan Documents.

 

Section
7.18  Acknowledgments. Each Borrower hereby acknowledges
that:

 

(a) Borrower
has been advised by legal counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents; and

 

(b) no
joint venture exists between the Lender and Borrower.

 

Section
7.19  Waiver of Trial by Jury. EACH BORROWER AND
THE LENDER HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT.

 

Section
7.20 Arbitration. Any controversy or claim arising
out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in Clark County, Nevada, in accordance with
the rules, then obtaining of the American Arbitration Association as such rules may be modified herein. An award rendered in connection
with any arbitration pursuant to this Section 7.20 may be entered in any court having jurisdiction thereof. The arbitrator or arbitrators
shall be bound by the Commercial Arbitration Rules of the American Arbitration Association relating to all arbitration procedures and
discovery. During the continuance of any arbitration proceedings, the parties shall continue to perform their respective obligations
under the Agreement.

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

 

	BORROWER:	 	LENDER:
	 	 	 	 	 
	Bonne Santé Group, Inc., 	 	Diamond Creek Capital, LLC,
	a Delaware corporation 	 	a Delaware limited liability company
	 	 	 	 	 
	By:	/s/ Alfonso J. Cervantes	 	By:	/s/ Thomas Harrison
	Name: 	Alfonso J. Cervantes	 	 	Thomas Harrison
	Its: 	Executive Chairman	 	 	Managing Director
	 	 	 	 	 
	Bonne Santé Natural Manufacturing, Inc., 	 	 	 
	a Florida corporation 	 	 	 
	 	 	 	 	 
	By:	/s/ Alfonso J. Cervantes	 	 	 
	Name:	Alfonso J. Cervantes	 	 	 
	Its:	Executive Chairman	 	 	 
	 	 	 	 	 
	Doctors Scientific Organica, LLC,	 	 	 
	a Florida limited liability company	 	 	 
	 	 	 	 	 
	By:	/s/ Alfonso J. Cervantes	 	 	 
	Name:	Alfonso J. Cervantes	 	 	 
	Its:	Executive Chairman	 	 	 

 

[Signature
Page to Loan Agreement]

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