Document:

Common
      Stock Warrant Agreement

    

    September
      30, 2006

    

    NEITHER
      THIS WARRANT, NOR THE STOCK TO BE ISSUED UPON EXERCISE HEREOF, HAS BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 SECURITIES
      ACT"), OR QUALIFIED OR REGISTERED UNDER ANY STATE SECURITIES LAWS (THE "STATE
      SECURITIES LAWS"), AND THIS WARRANT HAS BEEN, AND THE COMMON STOCK TO BE ISSUED
      UPON EXERCISE HEREOF WILL BE, ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO,
      OR
      FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SUCH SALE OR OTHER
      DISPOSITION MAY BE MADE WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      1933 SECURITIES ACT AND COMPLIANCE WITH THE APPLICABLE STATE SECURITIES LAWS,
      OR
      AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE ISSUER AND ITS COUNSEL,
      THAT SAID REGISTRATION IS NOT REQUIRED UNDER THE 1933 SECURITIES ACT AND THAT
      APPLICABLE STATE SECURITIES LAWS HAVE BEEN COMPLIED WITH.

    

    This
      certifies that Robert W. Carteaux, an individual ("Holder"), a having his
      principal residence at 7009 Woodcroft Lane, Fort Wayne, Indiana 46804, or any
      party to whom this Warrant is assigned in compliance with the terms hereof,
      is
      entitled to subscribe to and purchase, during the period commencing at the
      date
      first set forth above and ending at 11:59 p.m. local time in Fort Wayne,
      Indiana, on _________,(date), _________ shares of fully paid and nonassessable
      common stock, having a par value of $0.001 per share (the "Common Stock" or
      “Shares”) of Freedom Financial Holdings, Inc. (the "Company"), a corporation
      organized and existing under the laws of Maryland with its principal place
      of
      business at 421
      East
      Cook Road, Suite 200, Fort Wayne, Indiana 46825.
      The
      purchase price of each such share shall be the Warrant Price as defined below.
      This Warrant was originally issued to Holder pursuant to the Amended and
      Restated Official Offer to Purchase Real Estate (as defined below).

     

    ARTICLE
      I

    DEFINITIONS

    

    1.1 "Common
      Stock Equivalents" shall mean Convertible Securities and Rights.

    

    1.2 "Convertible
      Securities" means any securities which are directly or indirectly convertible
      into Common Stock.

    

    1.3 "Effective
      Price" means the quotient obtained by dividing (i) Minimum Consideration by
      (ii)
      Maximum Shares Upon Exercise.

    

    1.4 "Maximum
      Shares Upon Exercise" means the maximum number of shares of Common Stock
      issuable under a Common Stock Equivalent upon complete exercise and full
      conversion of all Rights or Convertible Securities represented thereby, computed
      without regard to contingent adjustments to the number of shares issuable upon
      exercise and conversion (other than adjustments caused solely by the passage
      of
      time which increase the number of shares issuable upon exercise and
      conversion).

    

    
      
         

      

      
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    1.5 "Minimum
      Consideration" means the minimum aggregate consideration paid or payable at
      any
      time for the purchase of the Common Stock Equivalents during the term of the
      Common Stock Equivalents, and upon complete exercise and full conversion of
      the
      Common Stock Equivalents, computed without regard to contingent adjustments
      to
      exercise or conversion price (other than adjustments caused solely by the
      passage of time which reduce such minimum aggregate consideration).

    

    1.6 "Amended
      and Restated Official Offer to Purchase Real Estate" shall mean that certain
      Amended and Restated Official Offer to Purchase Real Estate dated _________,
      2006 between Holder and the Company.

    

    1.7 "Rights"
      means any options, warrants, or rights to purchase Common Stock or Convertible
      Securities.

    

    1.8 "Warrant
      Price" shall mean the price for the Initial Public Offering of Common Stock
      in a
      registration statement on Form SB-2 pursuant to the Securities Act of 1933,
      as
      amended (the “Act”). 

    

    ARTICLE
      II

    EXERCISE
      AND PAYMENT

    

    2.1 Cash
      Exercise.
      The
      purchase rights represented by this Warrant may be exercised by Holder, in
      whole
      or in part, by the surrender of this Warrant at the principal office of the
      Company, and by the payment to the Company, by certified, cashier's or other
      check acceptable to the Company, of an amount equal to the aggregate Warrant
      Price of the shares being purchased; provided, however, that this Warrant shall
      not be exercised until one (1) year after the closing date of the offering
      in
      the registration statement on form SB-2 pursuant to the Act. Warrants shall
      expire five (5) years from the close of the Initial Public
      Offering.

    

    2.2 Stock
      Certificate.
      In the
      event of any exercise of the rights represented by this Warrant, certificates
      for the shares of Common Stock so purchased shall be delivered to Holder within
      a reasonable time and, unless this Warrant has been fully exercised or has
      expired, a new Warrant representing the Aggregate Price with respect to which
      this Warrant shall not have been exercised shall also be issued to Holder within
      such time.

    

    2.3 Stock
      Fully Paid; Reservation of Shares.
      The
      Company covenants and agrees that all Common Stock which may be issued upon
      the
      exercise of the rights represented by this Warrant will, upon issuance, be
      fully
      paid and nonassessable and free from all taxes, liens and charges with respect
      to the issue thereof (excluding taxes based on the income of Holder). The
      Company further covenants and agrees that during the period within which the
      rights represented by this Warrant may be exercised, the Company will at all
      times have authorized and reserved for issuance a sufficient number of shares
      of
      its Common Stock as would be required upon the full exercise of the rights
      represented by this Warrant.

    

    
      
         

      

      
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    2.7 Fractional
      Shares.
      No
      fractional share of Common Stock will be issued in connection with any exercise
      hereof, but in lieu of a fractional share upon complete exercise hereof, Holder
      may purchase a whole share at the then effective Warrant Price.

    

    ARTICLE
      III

    CERTAIN
      ADJUSTMENTS OF NUMBER OF

    SHARES
      PURCHASABLE AND WARRANT PRICE

    

    The
      number and kind of securities purchasable upon the exercise of this Warrant
      and
      the Warrant Price shall be subject to adjustment from time to time upon the
      happening of certain events, as follows:

    

    3.1 Reclassification,
      Consolidation or Merger.
      In case
      of: (i) any reclassification or change of outstanding securities issuable upon
      exercise of this Warrant; (ii) any consolidation or merger of the Company with
      or into another corporation (other than a merger with another corporation in
      which the Company is a continuing corporation and which does not result in
      any
      reclassification, change or exchange of outstanding securities issuable upon
      exercise of this Warrant); or (iii) any sale or transfer to another corporation
      of all, or substantially all, of the property of the Company, then, and in
      each
      such event, the Company or such successor or purchasing corporation, as the
      case
      may be, shall execute a new Warrant which will provide that Holder shall have
      the right to exercise such new Warrant and purchase upon such exercise, in
      lieu
      of each share of Common Stock theretofore issuable upon exercise of this
      Warrant, the kind and amount of securities, money and property receivable upon
      such reclassification, change, consolidation, merger, sale or transfer by a
      holder of one share of Common Stock issuable upon exercise of this Warrant
      had
      this Warrant been exercised immediately prior to such reclassification, change,
      consolidation, merger, sale or transfer. Such new Warrant shall provide for
      adjustments which shall be as nearly equivalent as may be practicable to the
      adjustments provided in this Section 3 and the provisions of this Section 3.1,
      shall similarly apply to successive reclassifications, changes, consolidations,
      mergers, sales and transfers.

    

    3.2 Subdivision
      or Combination of Shares.
      If the
      Company shall at any time while this Warrant remains outstanding and unexercised
      in whole or in part: (i) divide its Common Stock, the Warrant Price shall be
      proportionately reduced; or (ii) combine shares of its Common Stock, the Warrant
      Price shall be proportionately increased.

    

    3.3 Adjustment
      for Issue or Sale of Shares at Less Than the Warrant Price.
      If, in
      a transaction other than an issuance excepted from these provisions as set
      forth
      below or an issuance that causes an adjustment under Sections 3.1 or 3.2, the
      Company shall at any time or from time to time, issue any additional shares
      of
      Common Stock without consideration or for a net consideration per share less
      than the Warrant Price in effect immediately prior to such issuance, then,
      and
      in each case, the Warrant Price shall be lowered to an amount equal to the
      lowest per share price received, or deemed received, by the Company as
      consideration for such Shares.

    

    
      
         

      

      
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    For
      purposes of this Section 3.3:

    

    (i) There
      shall be no adjustment under this Section 3.3 for any sales or issuances: (a)
      in
      a transaction in which an adjustment will be made pursuant to Section 3.1 or
      3.2; (b) of any shares of Common Stock or Common Stock Equivalents issued
      pursuant to any equity incentive plan approved by the Company's shareholders
      and
      Board of Directors; or (c) upon exercise or conversion of Common Stock
      Equivalents outstanding on the original date of issuance of this
      Warrant;

    

    (ii) The
      issuance of Common Stock Equivalents shall be deemed an issuance at such time
      of
      the shares of Common Stock underlying the Common Stock Equivalents. If the
      Effective Price shall be less than the Warrant Price at the time of such
      issuance, then an adjustment in the Warrant Price shall be made upon each such
      issuance in the manner provided in this Section 3.3. No adjustment of the
      Warrant Price shall be made under this Section 3.3 upon the issuance of shares
      of Common Stock upon the exercise or conversion of Common Stock Equivalents
      if
      an adjustment has previously been made as above provided. Any adjustment of
      the
      Warrant Price shall be disregarded, if, as and when such Common Stock
      Equivalents expire or are cancelled without being exercised so that the Warrant
      Price effective immediately upon such cancellation or expiration shall be equal
      to the Warrant Price in effect at the time of the issuance of the expired or
      cancelled Common Stock Equivalents, with such additional adjustments as would
      have been made to the Warrant Price had the expired or cancelled Common Stock
      Equivalents not been issued.

    

    3.4 Other
      Action Affecting Common Stock.
      If the
      Company takes any action affecting its Common Stock after the date hereof
      (including dividends and distributions), other than an action described in
      any
      of Sections 3.1 and 3.2 hereof, which would have a material effect upon Holder's
      rights hereunder, the Warrant Price shall be adjusted downward in such manner
      and at such time as the Board of Directors of the Company shall in good faith
      determine to be equitable under the circumstances.

    

    3.5 Time
      of Adjustments to the Warrant Price.
      All
      adjustments to the Warrant Price and the number of shares purchasable hereunder,
      unless otherwise specified herein, shall be effective as of the earlier
      of:

    

    (i) the
      date
      of issue (or date of sale, if earlier) of the security causing the
      adjustment;

    

    (ii) the
      effective date of a division or combination of shares;

    

    (iii) the
      record date of any action of holders of the Company's capital stock of any
      class
      taken for the purpose of dividing or combining shares or entitling shareholders
      to receive a distribution or dividends.

    

    3.6 Notice
      of Adjustments.
      In each
      case of an adjustment in the Warrant Price and the number of shares purchasable
      hereunder, the Company, at its expense, shall cause the Treasurer of the Company
      to compute such adjustment and prepare a certificate setting forth such
      adjustment and showing in detail the facts upon which such adjustment is based.
      The Company shall promptly mail a copy of each such certificate to Holder
      pursuant to Section 7.9 hereof.

    

    
      
         

      

      
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    3.7 Duration
      of Adjusted Warrant Price.
      Following each adjustment of the Warrant Price, such adjusted Warrant Price
      shall remain in effect until a further adjustment of the Warrant
      Price.

    

    3.8 Adjustment
      of Number of Shares.
      Upon
      each adjustment of the Warrant Price pursuant to this Section 3, the number
      of
      shares of Common Stock purchasable hereunder shall be adjusted to the nearest
      whole share, to the number obtained by dividing the Aggregate Price by the
      Warrant Price as adjusted.

    

    ARTICLE
      IV

    TRANSFER,
      EXCHANGE AND LOSS

    

    4.1 Transfer.
      This
      Warrant is transferable on the books of the Company at its principal office
      by
      the registered Holder hereof upon surrender of this Warrant properly endorsed,
      subject to compliance with federal and state securities laws. The Company shall
      issue and deliver to the transferee a new Warrant or Warrants representing
      the
      Warrants so transferred. Upon any partial transfer, the Company will issue
      and
      deliver to Holder a new Warrant or Warrants with respect to the Warrants not
      so
      transferred. 

    

    4.2 Securities
      Laws.
      Upon
      any issuance of shares of Common Stock upon exercise of this Warrant, it shall
      be the Company's responsibility to comply with the requirements of: (1) the
      1933
      Securities Act; (2) the Securities Exchange Act of 1934, as amended; (3) any
      applicable listing requirements of any national securities exchange; (4) any
      state securities regulation or "Blue Sky" laws; and (5) requirements under
      any
      other law or regulation applicable to the issuance or transfer of such shares.
      If required by the Company, in connection with each issuance of shares of Common
      Stock upon exercise of this Warrant, the Holder will give: (i) assurances in
      writing, satisfactory to the Company, that such shares are not being purchased
      with a view to the distribution thereof in violation of applicable laws, (ii)
      sufficient information, in writing, to enable the Company to rely on exemptions
      from the registration or qualification requirements of applicable laws, if
      available, with respect to such exercise, and (iii) its cooperation to the
      Company in connection with such compliance.

    

    4.3 Exchange.
      This
      Warrant is exchangeable at the principal office of the Company for Warrants
      to
      purchase the same Aggregate Price purchasable hereunder, each new Warrant to
      represent the right to purchase such Aggregate Price as Holder shall designate
      at the time of such exchange. Each new Warrant shall be identical in form and
      content to this Warrant, except for appropriate changes in the number of shares
      of Common Stock covered thereby, the Aggregate Price of such shares, the
      percentage stated in Section 4.1 above, and any other changes which are
      necessary in order to prevent the Warrant exchange from changing the respective
      rights and obligations of the Company and the Holder as they existed immediately
      prior to such exchange.

    

    4.4 Loss
      or Mutilation.
      Upon
      receipt by the Company of evidence satisfactory to it of the ownership of,
      and
      the loss, theft, destruction or mutilation of, this Warrant and (in the case
      of
      loss, theft, or destruction) of indemnity satisfactory to it, and (in the case
      of mutilation) upon surrender and cancellation hereof, the Company will execute
      and deliver in lieu hereof a new Warrant.

    

    
      
         

      

      
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    ARTICLE
      V

    HOLDER
      RIGHTS

    

    5.1 No
      Shareholder Rights Until Exercise.
      No
      Holder hereof, solely by virtue hereof, shall be entitled to any rights as
      a
      shareholder of the Company. Holder shall have all rights of a shareholder with
      respect to securities purchased upon exercise hereof at the time of cash or
      net
      issue exercise pursuant to Sections 2.1 and 2.2 hereof, or at the time of
      automatic exercise hereof (even if not surrendered) pursuant to Section 2.5
      hereof.

    

    ARTICLE
      VI

    REGISTRATION
      RIGHTS

    

    6.1 Agreement.
      The Holder and the Company have entered in a Registration Rights Agreement
      of
      even date. 

    

    ARTICLE
      VII

    MISCELLANEOUS

    

    7.1 Additional
      Covenants by the Company.
      The
      Company further covenants and agrees that it will:

    

    (a) Give
      each
      Holder prompt written notice of any intended changes to the composition of
      its
      capital structure, whether by issuance of new securities or
      otherwise;

    

    (b) Give
      each
      Holder written notice of any shareholders' meeting and will allow a
      representative of each Holder to attend such meetings;

    

    (c) Give
      each
      Holder five (5) days' prior written notice of any action that the Company
      intends to take by shareholders' written consent;

    

    (d) Allow,
      upon reasonable notice and at reasonable times, the inspection of its minute
      book and other corporate records by a representative of the Holder;

    

    (e) Not
      engage, other than on arm's-length terms, in any transaction with any of its
      shareholders or affiliates (as such term is defined under Rule 144 issued by
      the
      Securities and Exchange Commission under the 1933 Securities Act, as
      amended);

    

    (f) Provide
      Holder, within sixty (60) days after the end of the first, second and third
      quarterly accounting periods in each fiscal year of the Company, quarterly
      financial statements reflecting its operations for the quarter, and within
      ninety (90) days following the end of each fiscal year, consolidated financial
      statements for the fiscal year; and

    

    
      
         

      

      
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    (g) Keep
      its
      properties insured in terms reasonably acceptable to Holder.

    

    7.2 Governmental
      Approvals.
      The
      Company will from time to time take all action which may be necessary to obtain
      and keep effective any and all permits, consents and approvals of governmental
      agencies and authorities and securities acts filings under federal and state
      laws, which may be or become requisite in connection with the issuance, sale,
      and delivery of this Warrant, and the issuance, sale and delivery of the shares
      of Common Stock or other securities or property issuable or deliverable upon
      exercise of this Warrant.

    

    7.3 Governing
      Laws.
      It is
      the intention of the parties hereto that except as set forth below, the internal
      laws of Indiana (irrespective of its choice of law principles) shall govern
      the
      validity of this warrant, the construction of its terms, and the interpretation
      and enforcement of the rights and duties of the parties hereto. Notwithstanding
      the foregoing, if the Company is organized under the laws of a state other
      than
      Indiana, the corporation laws of that state shall govern the procedural and
      substantive matters pertaining to the due authorization, issuance, delivery
      and
      exercise of this Warrant and the shares of Common Stock upon exercise hereof.
      Except as set forth below, the parties hereby agree that any suit to enforce
      any
      provision of this Warrant arising out of or based upon this Warrant or the
      business relationship between any of the parties hereto shall be brought in
      the
      federal district courts located in Indiana or the courts of such State. Each
      party hereby agrees that such courts shall have personal jurisdiction and venue
      with respect to such party and each party hereby submits to the personal
      jurisdiction and venue of such courts. In addition to the foregoing
      jurisdiction, Holder, at its sole option, may commence any such suit in any
      jurisdiction in which the Company has a business office or is
      incorporated.

    

    7.4 Binding
      Upon Successors and Assigns.
      Subject
      to, and unless otherwise provided in, this Warrant, each and all of the
      covenants, terms provisions, and agreements contained herein shall be binding
      upon, and inure to the benefit of the permitted successors, executors, heirs,
      representatives, administrators and assigns of the parties hereto.

    

    7.5 Severability.
      If any
      one or more provisions of this Warrant, or the application thereof, shall for
      any reason and to any extent be invalid or unenforceable, the remainder of
      this
      Warrant and the application of such provisions to other persons or circumstances
      shall be interpreted so as best to reasonably effect the intent of the parties
      hereto. The parties further agree to replace any such void or unenforceable
      provisions of this Warrant with valid and enforceable provisions which will
      achieve, to the extent possible, the economic, business and other purposes
      of
      the void or unenforceable provisions.

    

    7.6 Default,
      Amendment and Waivers.
      This
      Warrant may be amended upon the written consent of the Company and the Holder.
      The waiver by a party of any breach hereof for default in payment of any amount
      due hereunder or default in the performance hereof shall not be deemed to
      constitute a waiver of any other default or any succeeding breach or default.
      The failure to cure any breach of any term of this Warrant within thirty (30)
      days of written notice thereof shall constitute an event of default under this
      Warrant. Upon such event of default, the Warrant Price shall be reduced by
      one-half and thereafter shall continue to be reduced by one-half from the then
      adjusted Warrant Price for each successive 30-day period in which such breach
      is
      not cured.

    

    
      
         

      

      
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    7.7 No
      Waiver.
      The
      failure of any party to enforce any of the provisions hereof shall not be
      construed to be a waiver of the right of such party thereafter to enforce such
      provisions.

    

    7.8 Attorneys'
      Fees.
      Should
      suit be brought to enforce or interpret any part of this Warrant, the prevailing
      party shall be entitled to recover, as an element of the costs of suit and
      not
      as damages, reasonable attorneys' fees to be fixed by the court (including,
      without limitation, costs, expenses and fees on any appeal). The prevailing
      party shall be the party entitled to recover its costs of suit, regardless
      of
      whether such suit proceeds to final judgment. A party not entitled to recover
      its costs shall not be entitled to recover attorneys' fees. No sum for
      attorneys' fees shall be counted in calculating the amount of a judgment for
      purposes of determining if a party is entitled to recover costs or attorneys'
      fees.

    

    7.9 Notices.
      Whenever any party hereto desires or is required to give any notice, demand,
      or
      request with respect to this Warrant, each such communication shall be in
      writing and shall be effective only if it is delivered by personal service
      or
      mailed, United States certified mail, postage prepaid, return receipt requested,
      addressed to such party at its address stated at the beginning of this Warrant
      or to such other address as such party may designate by written notice delivered
      hereunder. Such communication shall be effective when they are received by
      the
      addressee thereof; but if sent by certified mail in the manner set forth above,
      they shall be effective [number]
      business days after being deposited in the United States mail. Any party may
      change its address for such communications by giving notice thereof to the
      other
      party in conformity with this Section.

    

    7.10 Time.
      Time is
      of the essence of this Warrant.

    

    7.11 Construction
      of Agreement.
      This
      Warrant has been negotiated by the respective parties hereto and their attorneys
      and the language hereof shall not be construed for or against any
      party.

    

    7.12 No
      Endorsement.
      Holder
      understands that no federal or state securities administrator has made any
      finding or determination relating to the fairness of investment in the Company
      or purchase of the Common Stock hereunder and that no federal or state
      securities administrator has recommended or endorsed the offering of securities
      by the Company hereunder.

    

    7.13 Pronouns.
      All
      pronouns and any variations thereof shall be deemed to refer to the masculine,
      feminine or neuter, singular or plural, as the identity of the person, persons,
      entity or entities may require.

    

    7.14 Further
      Assurances.
      Each
      party agrees to cooperate fully with the other parties and to execute such
      further instruments, documents and agreements and to give such further written
      assurances, as may be reasonably requested by any other party to better evidence
      and reflect the transactions described herein and contemplated hereby, and
      to
      carry into effect the intents and purposes of this Warrant.

     

    
      	 	 	 	 
	Freedom Financial Holdings, Inc.	 	 	
              Holder

            
	 	 	 	 
	
              By:            //ss//

            	 	
                

            	
              By:                //ss//

            
	
              
                

              

              Brian
                Kistler, Chief Executive Officer

            	 	 	
              
                

              

              Robert
                W. Carteaux

            
	 	 	 	 

 

     

    

    
      
         

      

      
        8Registration
      Rights Agreement

    Class
      C Convertible Preferred

     

    THIS
      REGISTRATION RIGHTS AGREEMENT is made as of the 9th day of January, 2007 by
      and
      between Freedom Financial Holdings, Inc. (the “Company”), a corporation
      organized and existing under the laws of the State of Maryland having its
      principal place of business at Fort Wayne, Indiana and Stan Lipp, an individual
      who is referred to as the "Holder." 

    

    In
      consideration of the sale by the Holder of the real property located at
6615
      Brotherhood Way, Fort Wayne, Indiana 46825, the Company will issue:
      (i) one
      hundred fifty thousand (150,000) shares of the Corporation's Class C Preferred
      Stock, $.001 par value, issued at a value of two dollars per share ($2.00),
      convertible to common stock, $.001 par value in the aggregate; and (ii) warrants
      to acquire shares of common stock of the Company issued pursuant to a Common
      Stock Warrant entered into by the Company and Holder on January 9, 2007, (the
      common stock that the Class C Preferred Stock and the Warrants are convertible
      into are herein referred to as the “Shares”), the parties agree as
      follows:

    

    1.
       Definitions.
      For
      purposes of this Agreement:

    

    (a)
      The
      term "Act" means the Securities Act of 1933, as amended, together with all
      applicable regulations of the United States Securities and Exchange Commission
      ("SEC") promulgated thereunder.

    

    (b)
      The
      term "register," "registered," and "registration" refer to a registration
      effected by preparing and filing a registration statement or similar document
      in
      compliance with the Securities Act of 1933, as amended, and the declaration
      or
      ordering of effectiveness of such registration statement or
      document.

    

    (c)
      The
      term "Registerable Securities" means: (1) the Shares, which includes the common
      stock which the Class C Preferred stock is convertible into as well as the
      common stock which underlies the warrants issued pursuant to the Common Stock
      Warrant Agreement referred to above; and (2) any Common Stock, $.001 par value,
      of the Corporation issued as (or issuable upon the conversion or exercise of
      any
      warrant, right, or other security which is issued as) a dividend or other
      distribution with respect to, or in exchange for or in replacement of, any
      and
      all shares of the Corporation's preferred stock or debt instrument convertible
      by its terms into shares of the Corporation's Common Stock, $.001 par value,
      now
      or hereafter owned by the Holders, excluding in all cases, however, any
      Registerable Securities sold by a person in a transaction in which his or her
      rights under this Agreement are not assigned.

    

    (d)
      The
      number of shares of "Registerable Securities then outstanding" shall be
      determined by the number of shares of Common Stock outstanding which are, and
      the number of shares of Common Stock issuable pursuant to then exercisable
      or
      convertible securities which are, Registerable Securities.

    

    (e)
      The
      term "Holder" means any person owning or having the right to acquire
      Registerable Securities or any assignee thereof in accordance with Section
      11 of
      this Agreement.

    

    
      
         

      

      
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    2.
       Incidental
      or "Piggyback" Registration.

    

    If
      (but
      without any obligation to do so) the Corporation proposes to register (including
      for this purpose a registration effected by the Corporation for shareholders
      other than the Holders) any of its Common Stock or other securities under the
      Act in connection with the public offering of such securities solely for cash
      (other than a registration relating to the sale of securities to participants
      in
      a Corporation stock option, stock purchase or similar plan, or a registration
      on
      any form which does not include substantially the same information as would
      be
      required to be included in a registration statement covering the sale of the
      Registerable Securities), the Corporation shall, at that time, subject to the
      provisions of Section 6 and any restrictions imposed by the Securities and
      Exchange Commission and/or any state securities commissioners, cause to be
      registered under the Act all of the Registerable Securities that each such
      Holder is entitled to have registered pursuant to this Registration Rights
      Agreement, the Common Stock Warrant, and the Second Amended and Restated
      Building Purchase Agreement between the Company and Holder. 

    

    3.
       Obligations
      of the Corporation.

    

    Whenever
      required under this Agreement to effect the registration of any Registerable
      Securities, the Corporation shall, as expeditiously as reasonably
      possible:

    

    (a)
      Prepare and file with the SEC a registration statement with respect to such
      Registerable Securities and use its best efforts to cause such registration
      statement to become effective, and, upon the request of the Holders of a
      majority of the Registerable Securities registered thereunder, keep such
      registration statement effective for up to 180 days.

    

    (b)
      Prepare and file with the SEC such amendments and supplements to such
      registration statement and the prospectus used in connection with such
      registration statement as may be necessary to comply with the provisions of
      the
      Act with respect to the disposition of all securities covered by such
      registration statement.

    

    (c)
      Furnish to the Holders such numbers of copies of a prospectus, including a
      preliminary prospectus, in conformity with the requirements of the Act, and
      such
      other documents as they may reasonably request in order to facilitate the
      disposition of Registerable Securities owned by them.

    

    (d)
      Use
      its best efforts to register and qualify the securities covered by such
      registration statement under such other securities or Blue Sky laws of such
      jurisdictions as shall be reasonably requested by the Holders, provided that
      the
      Corporation shall not be required in connection therewith or as a condition
      thereto to qualify to do business or to file a general consent to service of
      process in any such states or jurisdictions.

    

    (e)
      In
      the event of any underwritten public offering, enter into and perform its
      obligations under an underwriting agreement, in usual and customary form, with
      the managing underwriter of such offering. Each Holder participating in such
      underwriting shall also enter into and perform its obligations under such an
      agreement.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (f)
      Notify each Holder of Registerable Securities covered by such registration
      statement at any time when a prospectus relating thereto is required to be
      delivered under the Act of the happening of any event as a result of which
      the
      prospectus included in such registration statement, as then in effect, includes
      an untrue statement of a material fact or omits to state a material fact
      required to be stated therein or necessary to make the statements therein not
      misleading in the light of the circumstances then existing.

    

    (g)
      Furnish, at the request of any Holder requesting registration of Registerable
      Securities pursuant to this Agreement, on the date that such Registerable
      Securities are delivered to the underwriters for sale in connection with a
      registration pursuant to this Agreement, if such securities are being sold
      through underwriters, or, if such securities are not being sold through
      underwriters, on the date that the registration statement with respect to such
      securities becomes effective: (i) an opinion, dated such date, of the counsel
      representing the Corporation for the purposes of such registration, in form
      and
      substance as is customarily given to underwriters in an underwritten public
      offering, addressed to the underwriters, if any, and to the Holders requesting
      registration of Registerable Securities, and (ii) a letter dated such date,
      from
      the independent certified public accountants of the Corporation, in form and
      substance as is customarily given by independent certified public accountants
      to
      underwriters in an underwritten public offering, addressed to the underwriters,
      if any, and to the Holder requesting registration of Registerable
      Securities.

    

    4.
       Furnish
      Information.

    

    It
      shall
      be a condition precedent to the obligations of the Corporation to take any
      action pursuant to this Agreement with respect to the Registerable Securities
      of
      any selling Holder that such Holder shall furnish to the Corporation such
      information regarding itself, the Registerable Securities held by it, and the
      intended method of disposition of such securities as shall be required to effect
      the registration of such Holder's Registerable Securities.

    

    5.
       Expenses
      of Incidental or "Piggyback" Registration.

    

    The
      Corporation shall bear and pay all expenses incurred in connection with any
      registration, filing or qualification of Registerable Securities with respect
      to
      the registrations pursuant to Section 2 for each Holder (which right may be
      assigned as provided in Section 11), including without limitation all
      registration, filing, and qualification fees, printers and accounting fees
      relating or apportionable thereto and the fees and disbursements of one counsel
      for the selling Holders selected by them, but excluding underwriting discounts
      and commissions relating to Registerable Securities.

    

    6.
       Underwriting
      Requirements.

    

    In
      connection with any offering involving an underwriting of shares being issued
      by
      the Corporation, the Corporation shall not be required under Section 2 to
      include any of the Holders' securities in such underwriting unless they accept
      the terms of the underwriting as agreed upon between the Corporation and the
      underwriters selected by it, and then only in such quantity as will not, in
      the
      opinion of the underwriters, jeopardize the success of the offering by the
      Corporation. If the total amount of securities, including Registerable
      Securities, requested by Holders to be included in such offering exceeds the
      amount of securities sold other than by the Corporation that the underwriters
      reasonably believe compatible with the success of the offering, then the
      Corporation shall be required to include in the offering only that number of
      such securities, including Registerable Securities, which the underwriters
      believe will not jeopardize the success of the offering (the securities so
      included to be apportioned pro rata among the selling Holders according to
      the
      total amount of securities entitled to be included therein owned by each selling
      Holder or in such other proportions as shall mutually be agreed to by such
      selling Holders) but in no event shall: (i) the amount of securities of the
      selling Holders included in the offering be reduced below 50% of the total
      amount of securities included in such offering, unless such offering is the
      initial public offering of the Corporation's securities, in which case the
      selling Holders may be excluded if the underwriters make the determination
      described above and no other Holder's securities are included. For purposes
      of
      the preceding parenthetical concerning apportionment, for any selling Holder
      which is a partnership or corporation, the partners, retired partners and
      shareholders of such Holder, or the estates and family members of any such
      partners and retired partners and any trusts for the benefit of any of the
      foregoing persons shall be deemed to be a single "selling Holder," and any
      pro
      rata reduction with respect to such "selling Holder" shall be based upon the
      aggregate amount of shares carrying registration rights owned by all entities
      and individuals included in such "selling Holder," as defined in this
      sentence.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    7.
       Delay
      of Registration.

    

    No
      Holder
      shall have any right to obtain or seek an injunction restraining or otherwise
      delaying any such registration as the result of any controversy that might
      arise
      with respect to the interpretation or implementation of this
      Agreement.

    

    8.
       Indemnification.

    

    In
      the
      event any Registerable Securities are included in a registration statement
      under
      this Agreement:

    

    (a)
      To
      the extent permitted by law, the Corporation will indemnify and hold harmless
      each Holder, any underwriters (as defined in the Act) for such Holder and each
      person, if any, who controls such Holder or underwriters within the meaning
      of
      the Act or the Securities Exchange Act of 1934, as amended (the "1934 Act"),
      against any losses, claims, damages, or liabilities (joint or several) to which
      they may become subject under the Act, the 1934 Act or other federal or state
      law, insofar as such losses, claims, damages, or liabilities (or actions in
      respect thereof) arise out of or are based upon any of the following statements,
      omissions or violations (collectively Violation): (i) any untrue statement
      or
      alleged untrue statement of a material fact contained in such registration
      statement, including any preliminary prospectus or final prospectus contained
      therein or any amendments or supplements thereto, (ii) the omission or alleged
      omission to state therein a material fact required to be stated therein, or
      necessary to make the statements therein not misleading, or (iii) any violation
      or alleged violation by the Corporation of the Act, the 1934 Act, any state
      securities law or any rule or regulation promulgated under the act, the 1934
      Act
      or any state securities law; and the Corporation will pay as incurred to each
      such Holder, underwriter or controlling person, any legal or other expenses
      reasonably incurred by them in connection with investigating or defending any
      such loss, claim, damage, liability or action; provided, however, that the
      indemnity agreement contained in this subsection 8(a) shall not apply to amounts
      paid in settlement of any such loss, claim, damage, liability or action if
      such
      settlement is effected without the consent of the Corporation (which consent
      shall not be unreasonably withheld), nor shall the Corporation be liable in
      any
      such case for any such loss, claim, damage, liability or action to the extent
      that it arises out of or is based upon a Violation which occurs in reliance
      upon
      and in conformity with written information furnished expressly for use in
      connection with such registration by any such Holder, underwriter or controlling
      person.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (b)
      To
      the extent permitted by law, each selling Holder will indemnify and hold
      harmless the Corporation, each of its directors, each of its officers who has
      signed the registration statement, each person, if any, who controls the
      Corporation within the meaning of the Act, any underwriter, any other Holder
      selling securities in such registration statement and any controlling person
      of
      any such underwriter or other Holder, against any losses, claims, damages,
      or
      liabilities (joint or several) to which any of the foregoing persons may become
      subject, under the Act, the 1934 Act or other federal or state law, insofar
      as
      such losses, claims, damages, or liabilities (or actions in respect thereto)
      arise out of or are based upon any Violation, in each case to the extent (and
      only to the extent) that such Violation occurs in reliance upon and in
      conformity with written information furnished by such Holder expressly for
      use
      in connection with such registration; and each such Holder will pay, as
      incurred, any legal or other expenses reasonably incurred by any person intended
      to be indemnified pursuant to this subsection 8(b), in connection with
      investigating or defending any such loss, claim, damage, liability or action;
      provided, however, that the indemnity agreement contained in this subsection
      8(b) shall not apply to amounts paid in settlement of any such loss, claim,
      damage, liability or action if such settlement is effected without the consent
      of the Holder, which consent shall not be unreasonably withheld; provided that
      in no event shall any indemnity under this subsection 8(b) exceed the gross
      proceeds from the offering received by such Holder.

    

    (c)
      Promptly after receipt by an indemnified party under this Section 8 of notice
      of
      the commencement of any action (including any governmental action), such
      indemnified party will, if a claim in respect thereof is to be made against
      any
      indemnifying party under this Section 10, deliver to the indemnifying party
      a
      written notice of the commencement thereof and the indemnifying party shall
      have
      the right to participate in, and, to the extent the indemnifying party so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      the defense thereof with counsel mutually satisfactory to the parties; provided,
      however, that an indemnified party shall have the right to retain its own
      counsel, with the fees and expenses to be paid by the indemnifying party, if
      representation of such indemnified party by the counsel retained by the
      indemnifying party would be inappropriate due to actual or potential differing
      interests between such indemnified party and any other party represented by
      such
      counsel in such proceeding. The failure to deliver written notice to the
      indemnifying party within a reasonable time of the commencement of any such
      action, if prejudicial to its ability to defend such action, shall relieve
      such
      indemnifying party of any liability to the indemnified party under this Section
      10, but the omission so to deliver written notice to the indemnifying party
      will
      not relieve it of any liability that it may have to any indemnified party
      otherwise than under this Section 10.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (d)
      The
      obligations of the Corporation and Holders under this Section 10 shall survive
      the completion of any offering of Registerable Securities in a registration
      statement under this Agreement, and otherwise.

    

    9.  Reports
      Under Securities Exchange Act of 1934.

    

    With
      a
      view to making available to the Holders the benefits of Rule 144 promulgated
      under the Act and any other rule or regulation of the SEC that may at any time
      permit a Holder to sell securities of the Corporation to the public without
      registration the Corporation agrees to:

    

    (a)
      Make
      and keep public information available, as those terms are understood and defined
      in SEC Rule 144, at all times after 180 days after the effective date of the
      first registration statement filed by the Corporation for the offering of its
      securities to the general public;

    

    (b)
      File
      with the SEC in a timely manner all reports and other documents required of
      the
      Corporation under the Act and the 1934 Act; and

    

    (c)
      Furnish to any Holder, so long as the Holder owns any Registerable Securities,
      forthwith upon request: (i) a written statement by the Corporation that it
      has
      complied with the reporting requirements of SEC Rule 144 (at any time after
      180
      days after the effective date of the first registration statement filed by
      the
      Corporation), the Act and the 1934 Act (at any time after it has become subject
      to such reporting requirements), (ii) a copy of the most recent annual or
      quarterly report of the Corporation and such other reports and documents so
      filed by the Corporation, and (iii) such other information as may be reasonable
      requested in availing any Holder of any rule or regulation of the SEC which
      permits the selling of any such securities without registration or pursuant
      to
      such form.

     

    10.
       Assignment
      of Registration Rights.

    

    The
      rights to cause the Corporation to register Registerable Securities pursuant
      to
      this Agreement may be assigned by a Holder to a transferee or assignee of at
      least 10,000 shares of such securities provided the Corporation is, within
      a
      reasonable time after such transfer, furnished with written notice of the name
      and address of such transferee or assignee and the securities with respect
      to
      which such registration rights are being assigned; and provided, further, that
      such assignment shall be effective only if immediately following such transfer
      the further disposition of such securities by the transferee or assignees
      restricted under the Act. The foregoing 10,000 share limitation shall not apply,
      however, to transfers by a Holder to shareholders or partners of such Holder
      if
      all such transferees or assignees agree in writing to appoint a single
      representative as their attorney in fact for the purpose of receiving any
      notices and exercising their rights under this Agreement.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    11.  "Market
      Stand-Off" Agreement.

    

    Each
      Holder hereby agrees that during the 360-day period following the effective
      date
      of a registration statement of the Corporation filed under the Act, it shall
      not, to the extent requested by the Corporation and such underwriter, sell
      or
      otherwise transfer or dispose of (other than to donees who agree to be similarly
      bound) any Common Stock of the Corporation held by it at any time during such
      period except Common Stock included in such registration; provided, however,
      that:

    

    (a)
      Such
      agreement shall be applicable only to the first such registration statement
      of
      the Corporation which covers Common Stock (or other securities) to be sold
      on
      its behalf to the public in an underwritten offering; and

    

    (b)
      All
      officers and directors of the Corporation and all other persons with
      registration rights (whether or not pursuant to this Agreement) enter into
      similar agreements.

    

    (c)
      Each
      Holder may transfer any number of such shares to my children, by gift or
      otherwise, provided that any such shares will continue to be subject to the
      restrictions set forth in this letter. 

    

    Each
      Holder acknowledges that the SEC may require that a Holder will not, directly
      or
      indirectly, offer, sell, grant any options to purchase, or otherwise dispose
      of
      any shares of the Company Common Stock for a period longer than that described
      in this Section 11.

    

    In
      order
      to enforce the foregoing covenants, the Corporation may impose stop transfer
      instructions with respect to the Registerable Securities of each Holder (and
      the
      shares or securities of ever other person subject to the foregoing restriction)
      until the end of such period.

     

    12.
       Amendment
      of Registration Rights.

    

    Any
      provision of this Agreement may be amended and the observance thereof may be
      waived (either generally or in a particular instance and either retroactively
      or
      prospectively), only with the written consent of the Corporation and the Holders
      of a majority of the Registerable Securities then outstanding. Any amendment
      or
      waiver effected in accordance with this paragraph shall be binding upon each
      Holder of any securities purchased under this Agreement at the time outstanding
      (including securities into which such securities are convertible), each future
      Holder of all such securities, and the Corporation.

    

    13.
       Termination
      of Registration Rights.

    

    No
      Holder
      shall be entitled to exercise any right provided for in this Agreement after
      three (3) years following the consummation of the sale of securities pursuant
      to
      a registration statement filed by the Corporation under the Act in connection
      with the initial firm commitment underwritten offering of its securities to
      the
      general public.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    14.  Termination
      of Prior Registration Rights.

    

    Any
      and
      all prior registration rights granted to any party hereto are hereby terminated
      in their entirety and are replaced in their entirety with the rights contained
      in this Agreement, effective on the date hereof. The provisions of this Section
      14 shall be effective as to and as against all Holders of Registerable
      Securities as defined herein.

    

    15.
       Miscellaneous.

    

    (a)
      Transfer; Successors and Assigns. The terms and conditions of this Agreement
      shall inure to the benefit of and be binding upon the respective successors
      and
      assigns of the parties. Nothing in this Agreement, express or implied, is
      intended to confer upon any party other than the parties hereto or their
      respective successors and assigns any rights, remedies, obligations, or
      liabilities under or by reason of this Agreement, except as expressly provided
      in this Agreement.

    

    (b)
      Governing Law. This Agreement shall be governed by and construed under the
      laws
      of the State of Maryland

    

    (c)
      Counterparts. This Agreement may be executed in two or more counterparts, each
      of which shall be deemed an original, but all of which together shall constitute
      one and the same instrument.

    

    (d)
      Titles and Subtitles. The titles and subtitles used in this Agreement are used
      for convenience only and are not to be considered in construing or interpreting
      this Agreement.

    

    (e)
      Notices. Unless otherwise provided, any notice required or permitted under
      this
      Agreement shall be given in writing and shall be deemed effectively given upon
      personal delivery to the party to be notified or upon deposit with the United
      States Post Office, by registered or certified mail, postage prepaid and
      addressed to the party to be notified at the address indicated for such party
      on
      the signature page hereof, or at such other address as such party may designate
      by 20 days’ advance written notice to the other parties.

    

    (f)
      Amendments and Waivers. Other than as provided in Section 16 above, any term
      of
      this Agreement may be amended and the observance of any term of this Agreement
      my be waived either generally or in a particular instance and either
      retroactively or prospectively), only with the written consent of the
      Corporation and the Holders of a majority of the then outstanding Shares or
      Registerable Securities issued hereunder. Any amendment or waiver affected
      in
      accordance with this Section shall be binding upon each transferee of any Share
      or Registerable Securities, each future Holder of all such securities, and
      the
      Corporation.

    

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

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (h)
      Entire Agreement. This Agreement constitutes the entire agreement between the
      parties hereto pertaining to the subject matter hereof, and any and all other
      written or oral agreements existing between the parties hereto are expressly
      canceled.

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      above written.

     

    
      	 	 	 
	 	
              FREEDOM
                FINANCIAL
                HOLDINGS, INC.

            
	 
 	 
 	 
 
	 	  	
              //ss//

            
	 	
              
                

              

              Brian
                Kistler, Chief Executive Officer

            
	 	 

      	HOLDER:	 	 	 
	 	 	 	 
	
              //ss//

            	 	 	 
	
              
Stan
              Lipp	 	 	
            
	
              Print
                Name and Title: Stan Lipp

              Address:   
                            3270
                Sedge Place

                   
                Naples, FL 34105

            	 	 	 

    
      
         

      

      
        9

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