Document:

Document

Execution Version

REAL ESTATE PURCHASE AGREEMENT
THIS REAL ESTATE PURCHASE AGREEMENT (this “Agreement”) is made effective as of October 14, 2021, by and among WLPC EAST, LLC a Minnesota limited liability company (“Seller”), and AIR T, INC., a Delaware corporation (“Buyer”).
In consideration of this Agreement, Seller and Buyer agree as follows:
1.Sale of Property.  Subject to the terms, conditions, representations and warranties set forth in this Agreement, Seller agrees to sell and assign to Buyer and Buyer agrees to purchase and accept from Seller, the following (collectively, the “Property”):
1.1.Real Property.  The property located at 5000 36th Street West, St. Louis Park, Minnesota, legally described on the attached Exhibit A (the “Land”) together with (i) all buildings and improvements constructed or located on the Land (“Improvements”) and (ii) all easements and rights benefiting or appurtenant to the Land, including Seller’s rights in any vacated or existing public rights of way abutting the property (“Appurtenances”) (the Land, Improvements and Appurtenances are collectively the “Real Property”), subject only to Permitted Encumbrances (defined below).
1.2.Leases and Deposits.  Seller’s interests as lessor in all of the leases affecting the Real Property (the “Leases”), including but not limited to those leases described on the rent roll attached to this Agreement as Exhibit B (the “Rent Roll”), together with all security and/or tenant deposits (the “Deposits”).
1.3.Personal Property. Seller’s interest in the miscellaneous maintenance materials and supplies currently located on the Real Property, including without limitation ceiling tiles, grid systems, floor tiles, wall coverings, light bulbs and paint, and which Buyer has agreed to acquire (the “Personal Property”).  
1.4.Contracts.  Seller’s interests in the service and maintenance contracts, equipment leases and other contracts regarding the Real Property to the extent assignable, if any, and which Buyer has agreed to assume (“Contracts”). 
1.5.Permits.  Seller’s interests in the permits and assignable licenses relating to the Real Property and the activities conducted thereon, if any (“Permits”).
1.6.Warranties.  Seller’s interests in all warranties and guaranties given to, assigned to or benefiting Seller or the Real Property regarding the acquisition, construction, design, use, operation, management or maintenance of the Real Property to the extent assignable, if any (“Warranties”).
1.7.Plans.  All originals and copies of the as-built blueprints, plans, specifications, soil tests, and structural tests regarding the Real Property, in possession of Seller, if any (“Plans”).
DMNORTH #7708141 v4

1.8.Records.  Any records in Seller’s possession regarding the Real Property, which may include the records and materials regarding management and leasing, utilities, real estate taxes and assessments, certificate of occupancy, insurance, tenants, marketing, advertising and promotions, maintenance, repairs, capital improvements and services, but excluding such records as are viewed by Seller as being confidential, provided that such confidential records are not necessary, in Buyer’s reasonable judgment, to the continued operation, management and leasing of the Real Property, if any (“Records”).
2.Purchase Price and Manner of Payment.  The total purchase price (the “Purchase Price”) to be paid for the Property shall be Thirteen Million Two Hundred Thousand and No/100 Dollars ($13,200,000.00).  The Purchase Price shall be payable as provided in this Section 2.
2.1.Within five (5) business days after the Effective Date (as defined below), Buyer shall deposit Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) as earnest money (the “Earnest Money”), shall be held by First American Title Insurance Company, 121 South 8th Street, Suite 1250, Minneapolis, Minnesota, 55402 (“Escrow Agent” or “Title Company”) in accordance with the escrow receipt among Seller, Buyer and Escrow Agent attached hereto as Exhibit C and made a part hereof (the “Escrow Receipt”) and in accordance with the terms of this Agreement.  
2.2.The balance (i.e., the Purchase Price less the Earnest Money) by wire transfer of funds to the Escrow Agent on the Closing Date, subject to prorations and adjustments as provided in this Agreement.
2.3.All costs of Escrow Agent, if any, with respect to the Earnest Money escrow shall be borne by Seller and Buyer equally.  Escrow Agent shall deposit the Earnest Money in an interest bearing account if Buyer so directs and if Buyer provides Escrow Agent with a completed IRS W-9 form with all interest earned to be payable to Buyer upon the Closing (as defined below) or as otherwise set forth in this Agreement.
2.4.If this Agreement is terminated prior to the expiration of the Inspection Period, the parties agree that the Earnest Money shall be returned to Buyer.  After the expiration of the Inspection Period, all of the Earnest Money shall belong to Seller and be immediately released to Seller (unless otherwise expressly set forth in this Agreement) upon the Closing or earlier termination of this Agreement.  
2.5.For purposes of allocating the Purchase Price, the parties agree to the following allocation for tax purposes and agree that any reporting shall be consistent with the following: 

    2
DMNORTH #7708141 v4

						
	Land	Improvements
	$3,800,000.00	$9,400,000.00

3.Effective Date.  If this Agreement is not executed and delivered, by each party to it, to all parties or the Earnest Money is not deposited with the Escrow Agent on or before October 20, 2021, at 5:00 p.m., Central Time, this Agreement shall, after that time, be null and void and of no further force and effect.  Execution and delivery shall be defined as the receipt of the fully executed Agreement by the parties by means of the U.S. Mails, delivery by a nationally recognized overnight delivery service, hand delivery, PDF attachment to an email, or facsimile transmission.  The date of this Agreement, for purposes of performance, shall be the date when the last one of Seller or Buyer has signed this Agreement, as stated on the signature page (the “Effective Date”).
4.Buyer’s Inspection Period.  Buyer shall have an inspection period (the “Inspection Period”) commencing on the Effective Date and ending at 11:59 p.m. Central Time thirty (30) days thereafter, to satisfy itself with respect to all matters affecting the Property.  If the 30th day is not a business day, the Inspection Period shall end at 11:59 p.m. on the next business day.  On or before the Effective Date, Seller shall provide Buyer with access to the Due Diligence Documents (defined below), receipt of which Buyer acknowledges by execution of this Agreement.   
4.1.Property Access/Testing.  During the Inspection Period, Seller shall allow Buyer, and Buyer’s agents, reasonable access to the Real Property without charge and at all reasonable times for the purpose of Buyer’s investigation and testing the same (“Tests”), but subject to the rights of tenants under Leases; provided, however, Buyer will not conduct any invasive testing without first notifying Seller.  At Seller’s option, a representative of Seller may accompany Buyer and Buyer’s agents during on-site investigations, and tests.  Buyer shall promptly provide Seller with copies of any reports, letters or other written information generated by any third party consultants retained by Buyer.  Seller shall make available to Buyer and Buyer’s agents without charge all plans and specifications, inventories, permits and correspondence in Seller’s possession relating to hazardous substances and all other matters affecting the Property in accordance with Section 4.3 below; and the right to interview employees of Seller who may have knowledge of such matters.  Buyer shall pay all costs and expenses of such Tests and shall indemnify and hold Seller and the Real Property harmless from all costs, liens, claims, and expenses (including reasonable attorneys’ fees) and liabilities relating to Buyer’s activities under this Section.  Notwithstanding any provision to the contrary in this Agreement, the indemnity and other obligations of Buyer under this Section 4 shall survive any termination of this Agreement or the delivery of the Deed (as defined below) and the transfer of title pursuant to this Agreement.  Buyer shall immediately repair and restore any damage to the Property caused by or occurring during Buyer’s Tests and return the Property to 

    3
DMNORTH #7708141 v4

substantially the same condition as existed prior to such entry.  In exercising its rights under this Section 4, prior to entry upon the Property for the purpose of commencing any such Tests, Buyer shall procure and provide Seller with a certificate of insurance for general public liability insurance containing limits reasonably acceptable to Seller, but in no event in excess of One Million Dollars ($1,000,000) per occurrence, naming Seller as an additional insured, and covering Buyer’s activities conducted on the Property.  
4.2.Tenant Interviews.  Buyer shall have the right, during the Executory Period (as defined below) to conduct tenant interviews provided that (i) all interviews are coordinated with Seller; (ii) Seller shall have the opportunity to be present at any interview; (iii) Buyer is not disruptive of operations at the Property; and (iv) Buyer does not directly or indirectly disclose the terms and conditions of any lease which would adversely affect Seller’s ability to negotiate other leases or impair Seller’s relationship with the tenants.  Seller agrees to make itself readily available during business hours for the purposes of the requirements set forth in (i) and (ii) above. 
4.3.Inspection Period Review Components.  During the Inspection Period, Buyer shall have satisfied itself as to the acceptability of the following:
A.To the extent in Seller’s possession, and to the extent not already delivered to Buyer, Seller shall provide Buyer, within five (5) days of the Effective Date, copies of the documents listed on attached Exhibit D (collectively, the “Due Diligence Documents”).
Buyer shall have determined, on or before the expiration of the Inspection Period, that it is satisfied with its review and analysis of the Leases, Contracts, Permits, Warranties, Plans, Records, and Due Diligence Documents in its sole and absolute discretion.  To the extent in Seller’s possession, and to the extent not already delivered to Buyer, Seller shall, upon reasonable prior notice, make available to Buyer at Seller’s office or at any office located in the Improvements, as applicable, such other documentation as requested by Buyer for review and scanning or copying at Buyer’s expense.  Buyer agrees that prior to Closing, the Leases, Contracts, Permits, Warranties, Plans, Records and Due Diligence Documents and other information provided by Seller shall be strictly confidential, except to the extent such information is public or otherwise available to third parties.  Further, Buyer shall have the right to disclose all or any of such information to Buyer’s employees, directors, partners, legal counsel, tax advisors, lender (or proposed lender), equity investors (or proposed equity investors) and any professional counselors or consultants used to assist Buyer in this transaction, provided such disclosures are made confidentially and the parties receiving any records, documents and other information agree to treat such information as such, including the 

    4
DMNORTH #7708141 v4

return or destruction of all copies of such materials if this Agreement is terminated.
B.Contracts; Consents.  With respect to the Contracts: (i) if approved by Buyer during the Inspection Period, such Contracts shall be assigned to Buyer at Closing; (ii) if disapproved by Buyer, then at or prior to Closing Seller shall so terminate such Contracts and provide evidence of the same to Buyer on or before Closing.  To the extent required, Seller shall obtain the consent to the assignment and assumption from each Contract vendor.
4.4.Termination.  Buyer shall have the unconditional and absolute right to terminate this Agreement for any or no reason during the Inspection Period.  At any time prior to the expiration of the Inspection Period, Buyer shall, if it desires to terminate this Agreement, provide written notice to Seller electing to terminate the Agreement (“Termination Notice”).  If Buyer fails to deliver the Termination Notice to Seller prior to expiration of the Inspection Period, then Buyer shall be deemed to have elected to continue this Agreement.  Upon any termination of this Agreement pursuant to this subsection, Buyer shall be entitled to the immediate return of the Earnest Money plus any accrued interest thereon, whereupon neither party shall have any further obligation or liability hereunder, except for such obligations or liabilities that expressly survive termination of this Agreement.
5.Buyer Contingencies.  The obligations of Buyer under this Agreement are contingent upon each of the following (the “Contingencies”):
5.1.Seller Performance.  Seller shall have materially performed each of its obligations under this Agreement.
5.2.Representations and Warranties.  The representations and warranties of Seller contained in this Agreement must be materially true now and on the Closing Date as if made on the Closing Date.
5.3.Title.  At Closing, the Title Company shall have issued to Buyer an ALTA Owner’s Title Insurance Policy in the full amount of the Purchase Price, showing good and marketable fee simple title to the Real Property, subject only to Permitted Encumbrances, vested in Buyer and in such condition as required pursuant to Section 9.
5.4.Subordination Agreements and Estoppel Letters.  Seller shall obtain and provide to Buyer, at least ten (10) days prior to the Closing Date, a subordinate and non-disturbance agreement in the form attached hereto as Exhibit 7.1.13 (“SNDA”), and an Estoppel in the form attached hereto as Exhibit 7.1.14 (“Estoppel”).  Notwithstanding the foregoing, if a Lease requires a tenant to provide an estoppel or SNDA in a form that is different than the forms attached hereto, and the tenant under such Lease delivers an estoppel or SNDA which conforms to the 

    5
DMNORTH #7708141 v4

requirements of its Lease in all material respects, Buyer agrees to accept such estoppel or SNDA.
5.5.Substitute Estoppel Letters.  If Seller is unable to obtain an Estoppel from any tenant of the Real Property after good faith efforts, Seller shall deliver to Buyer, prior to Closing, as a substitute therefore, an Estoppel modified for Seller’s execution (the “Substitute Estoppel Letter”). In the event that, following the Closing Date, Seller obtains and delivers to Buyer an estoppel letter from each such tenant without exceptions and thus complying with the requirements of this Section 5 for which Seller delivered a Substitute Estoppel Letter, then upon delivering such tenant estoppel letter to Buyer, Seller shall be automatically released from any liability or obligation under the Substitute Estoppel Letter previously delivered by Seller with respect to such lease.
If any of the foregoing Contingencies have not been satisfied on or before the expiration of the Closing Date, then this Agreement may be terminated by written notice from Buyer to Seller at any time on or before the expiration of the Closing Date.  If Buyer does not so terminate this Agreement, then all Contingencies shall be deemed to have been satisfied or waived by Buyer.  Upon such termination, the Earnest Money and all interest accrued thereon, shall be returned to Buyer and neither party will have any further rights or obligations regarding this Agreement or the Property, other than the obligations that expressly survive such termination.  All the Contingencies set forth in this Agreement are specifically stated and agreed to be for the sole and exclusive benefit of the Buyer and the Buyer shall have the right to unilaterally waive any contingency by written notice to Seller.
6.Seller’s Contingencies.  The obligations of Seller under this Agreement are contingent upon each of the following being satisfied on or before the Closing Date:
6.1.Buyer Performance.  Buyer shall have fully performed each of its obligations under this Agreement.
6.2.Representations and Warranties.  The representations and warranties of Buyer contained in this Agreement must be materially true now and on the Closing Date as if made on the Closing Date.
If any of the foregoing conditions have not been satisfied by the stated date (or the Closing Date if there is no stated date), then this Agreement may be terminated by written notice from Seller to Buyer.
7.Closing.  The closing of the purchase and sale contemplated by this Agreement (the “Closing”) shall occur on or before ten (10) days after the last day of the Inspection Period (the “Closing Date”).  If closing has not occurred before the 10th day after the last day of the Inspection Period and the 10th day is not a business day, then the Closing Date shall be on the next business day. The Closing shall take place by escrow, or at such 

    6
DMNORTH #7708141 v4

location as the parties may mutually agree.  Seller agrees to deliver legal and actual possession of the Property to Buyer on the Closing Date.  
7.1.Seller’s Closing Deliveries.  On the Closing Date, Seller shall execute and deliver to Buyer the following (collectively, “Seller’s Closing Documents”), all in form and content reasonably satisfactory to Buyer:
7.1.1.Deed.  Limited Warranty Deed (the “Deed”) for the Property conveying the Real Property to Buyer, free and clear of all encumbrances, except the Permitted Encumbrances hereafter defined in the form attached as Exhibit 7.1.1.
7.1.2.Assignment and Assumption of Leases and Deposits.  Assignment and Assumption of Leases and Deposits for the Property conveying the Leases, the Deposits, prepaid rents or collections and tenant guarantees regarding the Leases to Buyer, free and clear of all encumbrances in the form attached as Exhibit 7.1.2 (the “Assignment and Assumption of Leases and Deposits”).
7.1.3.Revised Rent Roll.  A revised certified Rent Roll, in the form of Exhibit B, complete and accurate as of the Closing Date.
7.1.4.Assignment and Assumption of Contracts, Permits, Warranties, Plans and Records.  Assignments of Contracts, Permits, Warranties, Plans and Records for the Property conveying Seller’s interest to Buyer in the form attached as Exhibit 7.1.4 (the “Assignments of Contracts, Permits, Warranties, Plans and Records”).
7.1.5.Bring-Down Certificate.  Certificate stating that all of the representations and warranties of Seller contained in this Agreement are true and correct on the Closing Date as made on the Closing Date in the form attached as Exhibit 7.1.5.
7.1.6.Original Documents.  Original copies of the Leases, Contracts, Permits, Warranties, Plans and Records, plus all plans and specifications for the Property in Seller’s possession, if any.
7.1.7.FIRPTA Affidavit.  Non-foreign affidavit, properly executed, containing such information as is required by IRC Section 1445(b)(2) and its regulations in the form attached as Exhibit 7.1.7.
7.1.8.IRS Form.  A Designation Agreement designating the “reporting person” for purposes of completing Internal Revenue Form 1099 and, if applicable, Internal Revenue Form 8594.

    7
DMNORTH #7708141 v4

7.1.9.Seller’s Affidavit.  Standard form Affidavit by Seller in such form as may be required by Escrow Agent to issue an ALTA Owner’s Policy of Title Insurance with the standard exceptions waived.
7.1.10.eCRV.  Seller’s information to allow Escrow Agent to complete, the eCRV.
7.1.11.Settlement Statement.  Settlement Statement reflecting the financial provisions of the Closing, consistent with the provisions of this Agreement (the “Settlement Statement”).
7.1.12.Authority. Resolutions authorizing the sale and transfer of the Property and designating the officer(s) authorized to sign on behalf of the Seller.
7.1.13.SNDAs.  The SNDAs in the form attached as Exhibit 7.1.13 as required by Section 5.5.
7.1.14.Estoppels.  The Estoppels in the form attached as Exhibit 7.1.14 as required by Sections 5.5 or 5.6.  
7.1.15.Bill of Sale.  Bill of Sale transferring title to the Personal property to Buyer free and clear of all liens, encumbrances and restrictions in the form attached as Exhibit 7.1.15. 
7.1.16.Other Documents.  All other documents reasonably determined by Buyer or the Title Company to be necessary to transfer the Property to Buyer free and clear of all encumbrances.
7.2.Buyer’s Closing Deliveries.  On the Closing Date, Buyer will deliver to Seller the following (collectively, “Buyer’s Closing Documents”), all in form and content reasonably satisfactory to Seller:
7.2.1.Assignment and Assumption of Leases and Deposits.  The Assignment and Assumption of Leases and Deposits.
7.2.2.Assignment and Assumption of Contracts, Permits, Warranties, Plans and Records.  The Assignments of Contracts, Permits, Warranties, Plans and Records.
7.2.3.Bring-Down Certificate.  Certificate stating that all of the representations and warranties of Buyer contained in this Agreement are true and correct on the Closing Date as made on the Closing Date in the form attached as Exhibit 7.2.3. 
7.2.4.Notices to Tenants.  Notices to the tenants under the Leases, in form reasonably satisfactory to Seller, advising them of the sale of the Property 

    8
DMNORTH #7708141 v4

and directing them to make future lease payments to Buyer at the place designated by Buyer.
7.2.5.Balance of Purchase Price.  The Purchase Price (minus the Earnest Money) by wire transfer of funds, which shall be received by the Escrow Agent for disbursement on or before 1PM central on the Closing Date.
7.2.6.Settlement Statement.  The Settlement Statement.
7.2.7.eCRV.  Buyer’s information to allow Escrow Agent to complete, the eCRV.
7.2.8.Other Documents.  All other documents reasonably determined by Seller or the Title Company to be necessary to transfer the Property to Buyer free and clear of all encumbrances.
8.Prorations.  Seller and Buyer agree to the following prorations and allocation of costs regarding this Agreement:
8.1.Title Insurance and Closing Fee.  Seller will pay all costs of the Title Commitment (as defined below), all costs of the Survey (as defined below), all amounts due to the Broker (as defined below), and all fees for recording all documents necessary to place record title in Seller’s name and in the condition represented by Seller in this Agreement.  Buyer shall pay the cost of the title policy to be issued by Escrow Agent to Buyer and of all endorsements thereto together with all premiums required for the issuance of any mortgagee’s title policy, and all costs of the Tests.  Seller and Buyer will each pay one-half of any closing fee or charge imposed by the Title Company, including any fee charged by Escrow Agent in connection with the Escrow Receipt. 
8.2.Deed Tax; Mortgage Registry Tax.  Seller shall pay all State Deed Tax payable in connection with the Deed to be delivered by Seller under this Agreement.  Buyer shall pay all Mortgage Registry Tax payable in connection with Buyer’s financing, if any.
8.3.Real Estate Taxes and Special Assessments.  All real estate taxes and special assessments certified and payable in the years prior to the year in which the Closing occurs shall be paid by Seller, including but not limited to green acre taxes.  Real estate taxes and special assessments certified and payable in the year in which Closing occurs shall be pro-rated based upon a calendar year based upon the Closing Date.  Buyer shall assume the special assessments levied or pending against the Property as of Closing other than certified amounts due and payable for the year in which the Closing occurs.
8.4.Proration Method.  Unless otherwise stated herein, Buyer’s and Seller’s respective proration obligations shall be determined as follows:  (i) Seller pays that part of 

    9
DMNORTH #7708141 v4

those expenses expressly intended to be prorated pursuant to the terms of this Section 8 that have accrued through and including the Closing Date, (ii) Buyer pays that part of expenses expressly intended to be prorated pursuant to the terms of this Section 8 that accrue after the Closing Date, (iii) Seller is entitled to that part of Rents (as defined below) and other income expressly intended to be prorated pursuant to the terms of this Section 8 that has accrued through and including the Closing Date, and (iv) Buyer is entitled to that part of Rents and other income expressly intended to be prorated pursuant to the terms of this Section 8 that accrues after the Closing Date.
8.5.Proration of Rents.  A current accounting of rents and other charges due from tenants under the Leases (the “Rents”), and operating expenses, shall be prepared by Seller.  Three (3) business days prior to the Closing Date, Seller shall deliver to Buyer a current accounting of Rents and operating expenses, current through said date.  At Closing, Seller shall deliver to Buyer an updated accounting of Rents and operating expenses, current through the Closing Date.  Except for any of the Deposits, Seller and Buyer shall prorate all Rents (including prepaid rents, if any) and other charges under the Leases as of the Closing Date, including but not limited to any utility charges charged by Seller to its tenants.  Seller shall utilize commercially reasonable efforts to cause all tenants to be current in Rent payments as of the Closing and the proration of Rents shall be based on the assumption that the tenants are current in their Rent payments.  If on the Closing Date a tenant under any of the Leases is delinquent in any payments required to be made by it, then, to the extent Buyer subsequently receives from such tenant amounts in excess of the payments due Buyer in accordance with the terms of this Agreement, including but not limited to any delinquencies or late charges or collection costs due Buyer, then Buyer shall promptly remit such amounts to Seller.  Following Closing subject to applicable prorations referred to above, if Seller receives any rent payments from any tenant that relate to periods after the Closing, Seller shall promptly remit such payments to Buyer.  Seller shall have no right to pursue any claims for amounts owed it by any tenant and Buyer shall not be required to institute any suit or collection procedures with respect to such delinquent amounts.
8.6.Deposits.  On the Closing Date, without additional charge, the Settlement Statement shall include a credit from Seller to Buyer for all security deposits paid by all tenants under the Leases. 
8.7.Utilities.  Prior to the Closing, Seller shall notify all utilities serving the Property of the pending change in ownership and direct that all future billings be made to Buyer at its notice address with no interruption of service.  Seller shall request all meters for utilities to be read during the daylight hours on the Closing Date, and Seller shall pay all charges for all utilities through that time.  To the extent the meters are not so read, then Seller and Buyer shall prorate as of the Closing Date any charges for utilities based upon the prior month’s utility bill, which proration 

    10
DMNORTH #7708141 v4

shall, subject to the terms of this Section 8, be final without further adjustment when the actual utility bill becomes known post-Closing.
8.8.Cash and Accounts.  Notwithstanding anything contained herein to the contrary, the Property shall exclude (and the Property being transferred hereby shall not include) cash, cash accounts and deposits of Seller, whether held by Contract vendors, utility companies, local governmental units, mortgage lenders or segregated accounts of Seller, except for the Deposits. 
8.9.Unknown Amounts.  Any expense amount that cannot be ascertained with certainty (i.e., under the accounting required above) as of the Closing Date shall be prorated on the basis of the parties’ reasonable estimate of such amount, and shall be subject to final proration on or before December 31, 2021.  Once all income and expense amounts have been ascertained, Buyer and Seller shall prepare, sign and deliver a final proration statement, and Buyer shall pay Seller, or Seller shall pay Buyer, as applicable, the amount of any adjustment required under the final proration statement.
8.10.Other Costs.  If and to the extent not otherwise accounted for above in this Section, Seller and Buyer shall prorate all other income and operating costs of the Property as of the Closing Date.
8.11.Final Reconciliation.  If the prorations and credits made under this Section 8 or the Settlement Statement shall prove to be incorrect or incomplete for any reason, then either party shall be entitled to an adjustment to correct the same; provided, however, that any adjustment shall be made, if at all, on or before December 31, 2021, and if a party fails to request an adjustment to the Settlement Statement by a written notice delivered to the other party within the applicable period set forth above (such notice to specify in reasonable detail the items within the Settlement Statement that such party desires to adjust and the reasons for such adjustment), then the prorations and credits previously made shall be binding and conclusive against such party.  
8.12.Attorneys’ Fees.  Each of the parties will pay its own attorneys’ fees, except that a party defaulting under this Agreement or any of the Seller’s Closing Documents or Buyer’s Closing Documents (collectively, the “Closing Documents”), in the event either Buyer or Seller brings any suit or other proceeding with respect to the subject matter or the enforcement of this Agreement or the Closing Documents, the prevailing party (as determined by the court, agency, arbitrator or other authority before which such suit or proceeding is commenced), in addition to such other relief as may be awarded, shall be entitled to recover reasonable attorneys’ fees, expenses and costs of investigation actually incurred.  The foregoing includes attorneys’ fees, expenses and costs of investigation (including those incurred in appellate proceedings), costs incurred in establishing the right to indemnification, or in any action or participation in, or in connection with, any case or proceeding under Chapter 7, 11 or 13 of the Bankruptcy Code (11 United 

    11
DMNORTH #7708141 v4

States Code Sections 101 et seq.), or any successor statutes.  The provisions of this Section shall survive the Closing or any termination of this Agreement.
The obligations under this Section 8 shall survive the Closing for the periods noted above.
9.Title Examination.  Title Examination will be conducted as follows:
9.1.Title Evidence.  As soon as reasonably possible, but in any event within the timeframes set forth below, Seller shall, at its expense, furnish the following (collectively, the “Title Evidence”) to Buyer:
9.1.1.Within ten (10) days of the Effective Date, a current commitment for the most current ALTA Owner’s Policy of Title Insurance, issued by the Title Company, together with legible copies of all documents referenced therein, in the amount of the Purchase Price (the “Title Commitment”).  
9.1.2.Within twenty (20) days of the Effective Date, a current ALTA/NSPS Land Title Survey certified to Buyer and the Title Company, and be in a form sufficient to permit deletion of the survey exception from Buyer’s Owner’s Policy of Title Insurance and Buyer’s lender’s policy (the “Survey”).
9.2.Buyer’s Objections.  Prior to the expiration of the Inspection Period, Buyer may make written objections (“Objections”) thereto. In the event the Title Evidence is not timely delivered, Buyer shall receive a day for day extension to the Inspection Period, with respect to the rights set forth under this Section 9.2 only, for each day the Title Evidence is delivered beyond the deadline set forth in Sections 9.1.1 and 9.1.2 above. Buyer shall also have the right to object to the Title Commitment from time to time after such period if, by subsequent endorsement, the Title Commitment is amended; provided, however, the amended Objections shall be delivered to Seller prior to the Closing Date and shall be limited to new matters not already disclosed in the previously provided Title Commitment.  Buyer’s failure to make Objections within such time periods will constitute a waiver of Objections.  Any matter shown on such Title Evidence and not objected to by Buyer shall be a “Permitted Encumbrance” hereunder. Notwithstanding the foregoing, Buyer shall not be obligated to object to monetary liens or encumbrances which may be removed by the payment of money at Closing.  Within five (5) business days following Seller’s receipt of the Objections, Seller shall notify Buyer in writing whether it intends to cure any of the Objections.  Seller shall be allowed not less than thirty (30) days after receipt of the Objections to cure the Objections (the “Seller Cure Period”), during which period the Closing Date will be postponed, if necessary.  Seller may, but shall have no obligation, to cure any Objections.  In the event Seller determines at any time that it is unable or unwilling to cure an Objection, Seller shall give written notice to Buyer and Buyer may, at its option, terminate this Agreement upon written notice delivered 

    12
DMNORTH #7708141 v4

to Seller but only if given within five (5) days following Buyer’s receipt of Seller’s notice or the Closing Date, whichever is earlier, and upon so doing the Earnest Money and all accrued interest thereon shall be immediately returned to Buyer.  To the extent an Objection can be satisfied by the payment of money, Buyer shall have the right to apply a portion of the cash payable to Seller at the Closing to satisfaction of such Objection, and the amount so applied shall reduce the amount of cash payable to Seller at the Closing.  If the Objections are not cured within the Seller Cure Period, Buyer will have the option to be exercised by delivering written notice to Seller within five (5) days of the expiration of the Seller Cure Period to terminate this Agreement by giving written notice thereof to Seller, and upon so doing the Earnest Money, and the interest accrued and unpaid on the Earnest Money, if any, shall be immediately returned to Buyer.  If such notice is not timely delivered, Buyer shall be deemed to have waived the uncured Objections and shall perform this Agreement according to its terms.
10.Operation Prior to Closing.  During the period from the Effective Date to the Closing Date (the “Executory Period”), Seller shall operate and maintain the Property in the ordinary course of business in accordance with prudent, reasonable business standards, including the maintenance of adequate liability insurance and insurance against loss by fire, windstorm and other hazards, casualties and contingencies, including vandalism and malicious mischief.  Seller shall comply with all of Seller’s duties and obligations as set forth in all the Leases or other occupancy agreements in effect at the Property. Notwithstanding the foregoing, during the Executory Period, Seller shall not enter into any new Leases, amendments or renewals of Leases for any period of time post-Closing without the prior consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed prior to the expiration of the Inspection Period but can be withheld in Buyer’s sole discretion from and after the expiration of the Inspection Period.  Other than the new Leases, Seller shall execute no other contracts or agreements regarding the Property, nor enter into any amendment or modifications to the Contracts, during the Executory Period that are not terminable on or before the Closing Date, and Seller shall not enter into any contracts, leases, or other agreements with parties related to Seller during the Executory Period.  Seller shall not create, cause or permit the creation of any lien or encumbrance to attach to the Property between the Effective Date and the Closing Date unless Seller obtains a release thereof before the Closing Date or unless such lien is consented to in advance by Buyer.  Seller shall cause to be paid, satisfied and released any monetary lien or encumbrance attached to the Property on or before the Closing Date.  At least five (5), but not more than ten (10) days prior to the Closing, Buyer may schedule a walk-through for Buyer to confirm that the requirements of this Section have been satisfied and to provide Buyer with information about the operation of the Property. 
11.Representations and Warranties by Seller; AS IS.  Seller represents and warrants to Buyer as follows:

    13
DMNORTH #7708141 v4

11.1.Title.  Seller holds good and marketable title to the Property in fee simple absolute, and as of the Closing Date, subject to no liens, easements, restrictions or other encumbrances other than the Permitted Encumbrances, the Leases and Contracts.
11.2.Existence; Authority.  Seller is duly organized, qualified and in good standing, and has the requisite power and authority to enter into and perform this Agreement and Seller’s Closing Documents; such documents have been duly authorized by all necessary action; such documents are valid and binding obligations of Seller, and are enforceable in accordance with their terms.
11.3.Leases.  The information regarding the Leases contained in the attached Rent Roll is correct and complete as of the Effective Date, and as amended and updated on the Closing Date.  Other than the Leases, there are no other leases or possessory rights of others regarding the Real Property. To the Seller’s actual knowledge, there has been no claim against or default by Seller which remains uncured under any of the Leases and no tenant is in default beyond any applicable cure period.  
11.4.Operations.  Seller has received no notice of actual or threatened cancellation or suspension of any utility services or certificate of occupancy for any portion of the Real Property.  Seller has received no notice of actual or threatened special assessments or reassessments of the Real Property.  The Property is, and to Seller’s actual knowledge has been, used in compliance with all governmental permits and all applicable governmental requirements.  All necessary permits have been obtained and are in full force and effect and no default exists thereunder. 
11.5.Rights of Others to Purchase Property.  Seller has no actual knowledge of any other contracts for the sale of the Property, rights of first refusal or options to purchase the Property.
11.6.Seller’s Defaults.  To Seller’s actual knowledge, Seller is not in material default concerning any of its obligations or liabilities regarding the Property.
11.7.FIRPTA.  Seller is not a “foreign person”, “foreign partnership”, “foreign trust” or “foreign estate”, as those terms are defined in Section 1445 of the Internal Revenue Code.
11.8.Proceedings.  There is no action, litigation, investigation, condemnation or proceeding of any kind pending or, to Seller’s actual knowledge, currently threatened by third parties against Seller or any portion of the Property.  There are no condemnation or eminent domain proceedings pending or to Seller’s actual knowledge currently threatened with respect to the Real Property.
11.9.Wells and Individual Sewage Treatment Systems.  The Seller certifies and warrants that the Seller does not know of any “Wells” on the described Property 

    14
DMNORTH #7708141 v4

within the meaning of Minn. Stat. § 103I or “Individual Sewage Treatment Systems” on the described Property within the meaning of Minn. Stat. § 115.55.  This representation is intended to satisfy the requirements of those statutes.
11.10.Methamphetamines.  To Seller’s actual knowledge, no methamphetamine production has occurred on the Property.
11.11.No Environmental Violations.  To Seller’s actual knowledge, Seller has not received any written notice of any violation of any applicable environmental law or regulation that remains uncured. To Seller’s actual knowledge, the Real Property does not contain any toxic material, hazardous substances or hazardous waste on violation of any applicable environmental laws.
11.12.No Conflict or Lien.  To Seller’s actual knowledge, neither the execution or delivery of this Agreement nor the consummation of the transaction as contemplated herein will conflict with or result in a breach of any contract, license or undertaking to which Seller is a party or by which any of its property is bound, or constitute a default thereunder or, except as contemplated herein, result in the creation of any lien or encumbrance upon the Property.
The qualification “to Seller’s knowledge” or “to Seller’s actual knowledge” herein means the actual (as opposed to constructive) knowledge, without duty of investigation or inquiry whatsoever, of John D. McCain and Charles N. McCain.  Seller represents that the foregoing individual is in the best position to have the requisite knowledge to represent as to the information and matters contained in this Agreement.  John D. McCain and Charles N. McCain shall not have any personal liability whatsoever for the representations and warranties made herein or for any other matters relating to this Agreement.  Seller will indemnify Buyer, its successors and assigns, against, and will hold Buyer, its successors and assigns, harmless from, any expenses or damages, including reasonable attorneys’ fees, that Buyer incurs due to the material breach of any of the above representations and warranties, whether such breach is discovered before or after Closing.  Consummation of this Agreement by Buyer with knowledge of any such breach by Seller will not constitute a waiver or release by Buyer of any claims due to such breach.  This paragraph will survive Closing for a period of twelve (12) months. 
Buyer will have examined and investigated to Buyer’s full satisfaction the physical condition of the Property and Seller’s records and documents, and Buyer has not relied on and will not rely on, and Seller is not liable for or bound by, any express or implied warranties, guarantees, statements, representations or information concerning the Property or relating thereto made or furnished by Seller, any property manager, broker, or other agent representing or purporting to represent Seller unless specifically set forth in this Agreement.  Except as expressly contained in this Agreement, Buyer specifically acknowledges that no representations have been made with respect to any economic projections or market studies concerning the Property, any development rights, taxes, bonds, covenants, conditions and restrictions affecting the Property, the tenants of the Property or the leases affecting the Property, water or water rights, topography, drainage, 

    15
DMNORTH #7708141 v4

soil or subsoil of the Real Property, the utilities servicing the Real Property, access to the Real Property or any zoning, or building laws, rules and regulations affecting the Property.  Except as expressly contained in this Agreement, Buyer shall accept the Property “AS IS” and “WHERE IS” at Closing. 
12.Representations and Warranties by Buyer.  Buyer represents and warrants to Seller as follows:
12.1.Existence; Authority.  Buyer is duly organized, qualified and in good standing, and subject to necessary approvals, has the requisite power and authority to enter into and perform this Agreement and Buyer’s Closing Documents; such documents have been duly authorized by all necessary action; such documents are valid and binding obligations of Buyer, and are enforceable in accordance with their terms.
12.2.Proceedings.  To the best of Buyer’s knowledge, there is no action, litigation, investigation, condemnation or proceeding of any kind pending or threatened against Buyer that would prohibit or make more costly or difficult for Seller the acquisition of the Property by Buyer.
12.3.No Conflict or Lien.  Neither the execution or delivery of this Agreement nor the consummation of the transaction as contemplated herein will conflict with or result in a breach of any contract, license or undertaking to which Buyer is a party or by which any of its property is bound, or constitute a default thereunder.
12.4.Anti-Bribery, Anti-Money Laundering and Anti-Terrorism Laws.  Neither Buyer nor, to Buyer’s knowledge, its affiliates, officers, directors, partners or members, is in violation of, has been charged with or is under indictment for the violation of, or has pled guilty to or been found guilty of the violation of, any laws relating to anti-corruption, anti-bribery, terrorism, money laundering, drug-trafficking or the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Action of 2001, Public Law 107-56, as amended, and Executive Order No. 13224 (Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism) (the “Executive Order”).
12.5.Prohibited Buyer.  None of Buyer or, to Buyer’s knowledge, its affiliates, is acting, directly or indirectly, on behalf of terrorists, terrorist organizations or narcotics traffickers, including those persons or entities that appear on the Annex to the Executive Order, or are included on any relevant lists maintained by the Office of Foreign Assets Control of U.S. Department of Treasury, U.S. Department of State, or other U.S. government agencies, all as may be amended from time to time (collectively, the “Government List”).
12.6.Government List.  Neither Buyer, nor any person controlling or controlled by Buyer, is a country, territory, individual or entity named on a Government List, 

    16
DMNORTH #7708141 v4

and the monies used in connection with this Agreement and amounts committed with respect thereto, were not and are not derived from any activities that contravene any of the Anti-Bribery, Anti-Money Laundering and Anti-Terrorism Laws or any other applicable anti-money laundering or anti-bribery Laws and regulations (including funds being derived from any person, entity, country or territory on a Government List or engaged in any unlawful activity defined under Title 18 of the United States Code, Section 1956(c)(7)).
12.7.Violation of Laws.  Buyer is not engaging in the transactions contemplated hereunder, directly or indirectly, in violation of any laws relating to drug trafficking, money laundering or predicate crimes to money laundering or drug trafficking.  None of the funds of Buyer have been or will be derived from any unlawful activity with the result that the investment of direct or indirect equity owners in Buyer is prohibited by laws or that the transactions contemplated hereunder or this Agreement is or will be in violation of laws.
Buyer will indemnify Seller, its successors and assigns, against, and will hold Seller, its successors and assigns, harmless from, any expenses or damages, including reasonable attorneys’ fees, that Seller incurs because of the breach of any of the above representations and warranties.  Consummation of this Agreement by Seller with knowledge of any such breach by Buyer will not constitute a waiver or release by Seller of any claims due to such breach.  This paragraph shall survive the Closing.
13.Casualty; Condemnation.  If, prior to the Closing Date, all or any part of the Property is substantially damaged by fire, casualty, the elements or any other cause, Seller shall immediately give notice to Buyer, and Buyer shall have the right to terminate this Agreement and receive back all Earnest Money, including interest accrued thereon, by giving written notice within thirty (30) days after Seller’s notice.  If Buyer shall fail to give the notice, then the parties shall proceed to Closing, and Seller shall assign to Buyer all rights to insurance proceeds resulting from such event and the Purchase Price will be reduced by the amount of Seller’s deductible and any uninsured loss.  For purposes of this Section, the words “substantially damaged” mean damage to any one of the buildings included in the Property that would either (i) constitute an uninsured loss in excess of $250,000.00, or (ii) cost (as so determined) in excess of $500,000.00 or more to repair. In the event of damage to the Property by fire, casualty, the elements or other cause that does not rise to the level of “substantially damaged” based on the definition above, Seller will either repair such damage or assign to Buyer all rights to insurance proceeds resulting from such event.  In the event of any casualty, Seller agrees to consult with Buyer and cooperate with reasonable requests of Buyer to complete repairs in a way that is consistent with any renovation plans that may be contemplated by Buyer.
If, prior to the Closing Date, any governmental entity commences any eminent domain proceedings (“Proceedings”) against all or any part of the Property, Seller shall immediately give notice to Buyer of such fact, and, if such Proceedings are material, then Buyer shall have the option (to be exercised by written notice to Seller within thirty (30) 

    17
DMNORTH #7708141 v4

days after Seller’s notice), to terminate this Agreement, in which event Title Company shall return the Earnest Money, including interest accrued thereon, to Buyer.  Upon such return, neither Seller nor Buyer shall have any further rights or obligations under this Agreement, except for those covenants that expressly survive.  If Buyer does not give such notice, or if such Proceedings are not material, then there shall be no reduction in the Purchase Price, and Seller shall assign to Buyer at the Closing Date all of Seller’s right, title, and interest in and to any award made or to be made in the Proceedings.  Prior to the Closing Date, Seller shall not designate counsel, appear in, or otherwise act with respect to the Proceedings without Buyer’s prior written consent.  For purposes of this Section, the words “Proceedings are material” shall mean the taking includes: (i) any part of any building included in the Property, or (ii) parking that cannot be replaced on the remaining portions of the applicable Real Property.
14.Broker’s Commission.  Except for CBRE, who represents the Seller, and AREA Corporate Real Estate Advisors, who represents the Buyer (collectively, the “Brokers”), each of Seller and Buyer represents and warrants to the other party that it has not employed, retained, or otherwise utilized any other broker or finder in connection with any of the transactions contemplated by this Agreement and no broker or person is entitled to any commission or finder’s fees in connection with any of these transactions.  Seller and Buyer shall each be responsible for paying its respective Brokers’ commission pursuant to separate agreements. Seller and Buyer shall indemnify and hold harmless one another against any breach of the foregoing representations and warranties, and against any loss, liability, damage, cost, claim, or expense incurred by reason of any brokerage commission or finder’s fee alleged to be payable because of any act, omission, or statement of the indemnifying party. 
15.Assignment.  Buyer shall not assign this Agreement without the prior written consent of Seller, which consent Seller shall not unreasonably withhold, condition or delay; provided that an assignment to one or more entities controlling, controlled by, or under common control with Buyer, shall not require Seller’s consent.  Notwithstanding anything in this Section 15 to the contrary, simultaneously with any assignment of this Agreement by the Buyer, both Buyer and the assignee shall enter into a written assignment and assumption agreement pursuant to which the assignee agrees to accept all the duties, liabilities, and obligations of Buyer arising under this Agreement.  Buyer shall provide Seller with prompt notice of such assignment.
16.Notices.  Any notice required or permitted hereunder shall be given by personal delivery upon an authorized representative of a party hereto; or if mailed in a sealed wrapper by United States registered or certified mail, return receipt requested, postage prepaid; or if transmitted by electronic mail (E-mail) with a copy to follow by regular mail; or if deposited cost paid with a nationally recognized, reputable overnight courier, properly addressed as follows:

    18
DMNORTH #7708141 v4

						
	If to Buyer:	Air T, Inc.
5000 W 36th Street, Suite 200
Minneapolis, MN 55416
Email: mjundt@airt.net
Attn: Mark Jundt, General Counsel

	With a copy to
(but shall not constitute notice):
	Winthrop & Weinstine, P.A.
225 South Sixth Street, Suite 3500
Minneapolis, MN 55402
Email:  kjohnson@winthrop.com
Attn:  Katherine A. Johnson 

	If to Seller:	WLPC East, LLC
3440 Belt Line Boulevard
St. Louis Park, MN 55416
Email: jdmccain@beltlineproperties.com and 
cnmccain@beltlineproperties.com 
Attn: John D. McCain and Charles N. McCain

	With a copy to (but shall not constitute notice):	Ballard Spahr LLP
2000 IDS Center 
80 S. 8th Street
Minneapolis, MN 55402
Phone: 612-371-3529
E-Mail: krenzl@ballardspahr.com 
Attn: Laura L. Krenz

Notices shall be deemed effective on the earlier of the date of receipt or the date of deposit, as aforesaid; provided, however, that if notice is given by deposit, the time for response to any notice by the other party shall commence to run one business day after any such deposit.  Any party may change its address for the service of notice by giving notice of such change ten (10) days prior to the effective date of such change.
17.Miscellaneous.  The paragraph headings or captions appearing in this Agreement are for convenience only, are not a part of this Agreement, and are not to be considered in interpreting this Agreement.  This written Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property.  There are no verbal agreements that change this Agreement, and no waiver of modification of any of its terms will be effective unless in a writing executed by the parties.  This Agreement binds and benefits the parties and their successors and assigns.  This Agreement has been made under the laws of the State of Minnesota and such laws will control its interpretation.  This Agreement may be executed in multiple counterparts, all of which shall be construed as the same document. Upon the successful Closing or any termination of this Agreement, neither Party shall have any further obligation or liability hereunder, except for such obligations or liabilities that expressly survive the Closing or termination of this Agreement. If any provision of this Agreement is held to be unenforceable or void, such provision shall be deemed to be severable and shall in no way affect the validity of the remaining terms of this 

    19
DMNORTH #7708141 v4

Agreement. In the event that any date on which performance is to occur falls on a Saturday, Sunday, national holiday or a holiday recognized by the State of Minnesota, then the time for such performance shall be extended until the next business day
18.Remedies.  If either Buyer or Seller defaults under this Agreement, the other party shall have the following rights: 
18.1.Buyer Default.  If Buyer is in default under this Agreement for more than five (5) days for monetary defaults, and fifteen (15) days for non-monetary defaults, after receipt of written notice from Seller, or fails to consummate the transactions contemplated herein for any reason, except Seller’s default hereunder, then Seller may, as its sole and exclusive remedy, terminate this Agreement, and upon such termination Seller will retain the Earnest Money as liquidated damages, time being of the essence of this Agreement.
18.2.Seller Default.  If Seller is in default under this Agreement for more than fifteen (15) days after receipt of written notice from Buyer, or fails to consummate the transactions contemplated herein for any reason, except Buyer’s default hereunder, then Buyer may, in addition to other remedies and rights available at law or in equity, either:
18.2.1.Terminate this Agreement, in which case Seller will provide a full refund of all Earnest Money, plus reimburse Buyer for its actual out of pocket costs related to this Agreement in an amount not to exceed $25,000;  
18.2.2.Enforce specific performance of Seller’s obligations hereunder, and accept such title as Seller is able to transfer, subject to the provisions of this Agreement.  As a condition to Buyer being entitled to pursue the remedy of specific performance, Buyer must make its election of remedies under this Section within three (3) months after such right of action shall rise (“Buyer’s Election Period”).  If Buyer elects to enforce specific performance, then Buyer must both give written notice of such election (“Buyer’s Election Notice”) to Seller during Buyer’s Election Period and file a lawsuit for specific performance within such Buyer’s Election Period.  Buyer’s failure to give Buyer’s Election Notice and to file a lawsuit for specific performance within the applicable time periods set forth above shall constitute an irrevocable election by Buyer not to pursue its remedy of specific performance, in which event this Agreement shall terminate as contemplated in accordance with Section 18.2.1. 
[Signature Page to Follow]

    20
DMNORTH #7708141 v4

Seller and Buyer have executed this Agreement as of the date in the introduction, to be date when the last party has signed below.
SELLER:

WLPC East, LLC

By: /s/ John D. McCain    
Name: John D. McCain    
Its: President    

BUYER:

Air T, Inc.

By: /s/ Nicholas Swenson    
Name: Nicholas Swenson    
Its: Chief Executive Officer    
    S-1
DMNORTH #7708141 v4Exhibit
10.1

 

INTERPACE
BIOSCIENCES, INC.

INTERPACE
DIAGNOSTICS CORPORATION

INTERPACE
DIAGNOSTICS, LLC

INTERPACE
PHARMA SOLUTIONS, INC.

 

LOAN
AND SECURITY AGREEMENT

 

October
13, 2021

 

    	 

     

    

 

This
LOAN AND SECURITY AGREEMENT (this “Agreement”) is entered into as of October 13, 2021, by and between Comerica Bank, a
Texas banking association (“Bank), Interpace Biosciences, Inc., a Delaware corporation (“Parent”), Interpace
Diagnostics Corporation, a Delaware corporation (“Diagnostics Corporation”), Interpace Diagnostics, LLC, a Delaware
limited liability company (“Diagnostics”) and Interpace Pharma Solutions, Inc., a Delaware corporation (“Pharma
Solutions”, and together with Parent, Diagnostics Corporation, and Diagnostics, the “Borrowers” and each individually
a “Borrower”)

 

RECITALS

 

A.
Borrowers wish to obtain credit from time to time from Bank, and Bank desires to extend credit to Borrowers.

 

B.
This Agreement sets forth the terms on which Bank will advance credit to Borrowers, and Borrowers will repay the amounts owing to Bank.

 

AGREEMENT

 

The
parties agree as follows:

 

1.
DEFINITIONS AND CONSTRUCTION.

 

1.1 Definitions.
As used in this Agreement, all capitalized terms shall have the definitions set forth on Exhibit A. Any term used in the Code and not
defined herein shall have the meaning given to the term in the Code.

 

1.2 Accounting
Terms. Any accounting term not specifically defined on Exhibit A shall be construed in accordance with GAAP and all calculations
shall be made in accordance with GAAP. The term “financial statements” shall include the accompanying notes and schedules.
All accounting terms not specifically or completely defined on Exhibit A hereto shall be construed in conformity with, and all financial
data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP, except as otherwise specifically prescribed herein. If at any time any change (or implementation of a previously
agreed upon change) in GAAP would affect the computation of any financial ratio or requirement (including any negative covenant “basket”)
set forth in any Loan Document, and Borrowers shall request, Bank and Borrowers shall negotiate in good faith to amend such ratio or
requirement to preserve the original intent thereof in light of such change in GAAP; provided, that until so amended, (i) such ratio
or requirement shall continue to be computed in accordance with GAAP prior to such change therein, and (ii) Borrowers shall provide to
Bank financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation
between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

 

2.
LOAN AND TERMS OF PAYMENT.

 

2.1
Credit Extensions.

 

(a)
Promise to Pay. Each Borrower promises to pay to the order of Bank, in lawful money of the United States, the aggregate unpaid
principal amount of all Credit Extensions made by Bank to Borrowers, together with interest on the unpaid principal amount of such Credit
Extensions at rates in accordance with the terms hereof. Each Borrower acknowledges and agrees that, subject to the provisions of this
Agreement, any Borrower, acting alone, can borrow up to the full amount of the Credit Extensions available under this Agreement. Each
Borrower will be jointly and severally liable for all Credit Extensions made under this Agreement to any other Borrower.

 

    	 

     

    

 

(b)
Advances Under Revolving Line.

 

(i)
Amount. Subject to and upon the terms and conditions of this Agreement, Borrowers, or any of them, may request Advances in an
aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base, less the aggregate limits
of the corporate credit cards issued to Borrowers, or any of them, and merchant credit card processing reserves under the Credit Card
Services Sublimit. Notwithstanding anything to the contrary set forth herein, the aggregate outstanding Advances shall not exceed Five
Million Dollars ($5,000,000) at any time until Bank has evidence satisfactory to it that at least eighty percent (80%) of Borrowers’
account debtors are remitting payments to the Collection Account(s) or a Segregated Governmental Account, as applicable. Amounts borrowed
pursuant to this Section 2.1(b) may be repaid and re-borrowed at any time without penalty or premium prior to the Revolving Maturity
Date, at which time all Advances under this Section 2.1(b) shall be immediately due and payable. Any repayment hereunder shall also be
accompanied by the payment of all accrued and unpaid interest on the amount so repaid.

 

(ii)
Form of Request. Whenever a Borrower desires an Advance, Borrower will notify Bank (which notice shall be irrevocable) no later
than 3:00 p.m. Central time on the Business Day that the Advance is to be made. Each such notice shall be made in accordance with Section
2.3(c) hereto. Bank is authorized to make Advances under this Agreement, based upon instructions received from a Responsible Officer,
or without instructions if in Bank’s good faith discretion such Advances are necessary to meet Obligations which have become due
and remain unpaid beyond any applicable grace or cure period. The notice shall be signed by a Responsible Officer. Bank will credit the
amount of Advances made under this Section 2.1(b) to a Borrower’s deposit account.

 

(iii)
Credit Card Services Sublimit. Subject to the terms and conditions of this Agreement, Borrowers, or any one of them, may request
corporate credit cards and standard and e-commerce merchant account services from Bank (collectively, the “Credit Card Services”).
The aggregate limit of the corporate credit cards and merchant credit card processing reserves shall not exceed the Credit Card Services
Sublimit, provided that availability under the Revolving Line shall be reduced by the aggregate limits of the corporate credit cards
issued to Borrowers and merchant credit card processing reserves. In addition, Bank may, in its sole, reasonable discretion, charge as
Advances any amounts that become due or owing to Bank in connection with the Credit Card Services. The terms and conditions (including
repayment and fees) of such Credit Card Services shall be subject to the terms and conditions of the Bank’s standard forms of application
and agreement for the Credit Card Services (as such forms may be amended, restated, supplemented, replaced, or otherwise modified from
time to time) and any other agreement that Borrowers may enter into with the Bank in connection with the Credit Services, which each
Borrower hereby agrees to execute.

 

2.2
Overadvances. If the aggregate amount of the outstanding Advances exceeds the lesser of the Revolving Line or the Borrowing Base,
less the aggregate limits of the corporate credit cards issued to Borrower and merchant credit card processing reserves under the Credit
Card Services Sublimit any time. Borrowers shall promptly, and in any event within two (2) Business Days, pay to Bank, in cash, the amount
of such excess.

 

2.3
Interest Rates and Payments.

 

(a)
Interest Rates.

 

(i)
Advances. The Advances shall bear interest, on the outstanding daily balance thereof, at the Prime Referenced Rate plus the Applicable
Margin.

 

(ii)
Default Interest Rate. From and after the occurrence of any Event of Default, and so long as any such Event of Default remains
unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of three percent
(3%) above the otherwise applicable interest rate hereunder, which interest shall be payable upon demand. In addition to the foregoing,
a late payment charge equal to three percent (3%) of each late payment hereunder may be charged on any payment not received by Bank within
ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such charge shall not constitute a waiver
of any Event of Default under the Agreement. In no event shall the interest payable under this Agreement at any time exceed the maximum
rate permitted by law. THE MAXIMUM INTEREST RATE SHALL NOT EXCEED THE HIGHEST APPLICABLE USURY CEILING.

 

    	Page 2

     

    

 

(b)
Payments.

 

(i)
Accrued and unpaid interest on the unpaid principal balance of the Obligations shall be payable monthly, in arrears, on the first Business
Day of each month, from the date made until the same is paid in full (whether in accordance with the terms hereof, by acceleration, or
otherwise). In the event that any payment becomes due and payable on any day which is not a Business Day, the due date thereof shall
be extended to the next succeeding Business Day, and additional fees or interest, as the case may be, shall continue to accrue and be
payable thereon during such extension at the rates set forth hereto. Interest accruing hereunder shall be computed on the basis of a
year of 360 days, and shall be assessed for the actual number of days elapsed, and in such computation, effect shall be given to any
change in the applicable interest rate as a result of any change in the Prime Referenced Rate on the date of each such change.

 

(ii)
Bank may, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of Borrower’s deposit accounts
or against the Revolving Line, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder. Any
interest not paid when due shall be compounded by becoming a part of the Obligations, and such interest shall thereafter accrue interest
at the rate then applicable hereunder. All payments shall be free and clear of any taxes, withholdings, duties, impositions or other
charges, to the end that Bank will receive the entire amount of any Obligations payable hereunder, regardless of source of payment. Bank
shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. Any
payment by check or other item of payment Bank may receive will conditionally reduce Obligations, but shall not be considered a payment
on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored
when presented for payment. Any payment received by Bank after 12:00 noon Central time shall be deemed to have been received by Bank
as of the opening of business on the immediately following Business Day.

 

(c)
Selection/Conversion of Interest Rate Options.

 

(i)
Borrowers may request an Advance hereunder upon the delivery to Bank of a written Request for Advance duly completed and executed by
Borrower (a “Request”).

 

(ii)
Advances hereunder may be requested by delivery or submission to Bank by hand delivery, first class mail, overnight courier, facsimile,
email or other means of delivery acceptable to Bank, of a written Request duly completed and executed by Borrowers. An Advance hereunder
may be requested in Borrowers’ discretion by telephonic notice to Bank. Any Advance requested by telephonic notice shall be confirmed
by Borrowers that same day by submission to Bank of a written Request, as provided herein. Borrowers acknowledge that if Bank makes an
Advance based on a request made by telephone, facsimile, email or other means of delivery (other than by hand delivery, first class mail
or overnight courier), it shall be for Borrowers’ convenience and all risks involved in the use of any such procedure shall be
borne by Borrowers, and Borrowers expressly agree to indemnify and hold Bank harmless therefor. Bank shall have no duty to confirm the
authority of anyone requesting an Advance by telephone, facsimile, email or any such other means of delivery. In the event that Borrowers
elect to request an Advance by telephonic notice, facsimile, email or other means of delivery acceptable to Bank, Borrowers acknowledge
and agree that Bank may impose or require such verification, authentication and other procedures as Bank may require from time to time.

 

    	Page 3

     

    

 

(d)
Regulatory Developments or Other Circumstances Relating to the Daily Adjusting LIBOR Rate.

 

(i)
If any Change in Law shall: (a) subject Bank to any tax, duty or other charge with respect to any Obligations under the Agreement, or
shall change the basis of taxation of payments to Bank of the principal or of interest hereunder (except for changes in the rate of tax
on the overall net income of Bank imposed by the jurisdiction in which Bank’s principal executive office is located); or (b) impose,
modify or deem applicable any reserve (including, without limitation, any imposed by the Board of Governors of the Federal Reserve System),
special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by Bank, or shall impose
on Bank or the foreign exchange and interbank markets any other condition affecting this Agreement or the Obligations; and the result
of any of the foregoing is to increase the cost to Bank of maintaining any part of the Obligations or to reduce the amount of any sum
received or receivable by Bank under this Agreement by an amount deemed by Bank to be material, then Borrowers shall pay to Bank, within
fifteen (15) days of Borrowers’ receipt of written notice from Bank demanding such compensation, such additional amount or amounts
as will compensate Bank for such increased cost or reduction. A certificate of Bank, prepared in good faith and in reasonable detail
by Bank and submitted by Bank to Borrowers, setting forth the basis for determining such additional amount or amounts necessary to compensate
Bank shall be conclusive and binding for all purposes, absent manifest error.

 

(ii)
In the event that any Change in Law affects or would affect the amount of capital or liquidity required or expected to be maintained
by Bank (or any corporation controlling Bank), and Bank determines that the amount of such capital or liquidity is increased by or based
upon the existence of any obligations of Bank hereunder or the maintaining of any Obligations, and such increase has the effect of reducing
the rate of return on Bank’s (or such controlling corporation’s) capital as a consequence of such obligations or the maintaining
of such Obligations to a level below that which Bank (or such controlling corporation) could have achieved but for such circumstances
(taking into consideration its policies with respect to capital adequacy and liquidity), then Borrowers shall pay to Bank, within fifteen
(15) days of Borrowers’ receipt of written notice from Bank demanding such compensation, additional amounts as are sufficient to
compensate Bank (or such controlling corporation) for any increase in the amount of capital and/or liquidity and reduced rate of return
which Bank reasonably determines to be allocable to the existence of any obligations of Bank hereunder or to maintaining any Obligations.
A certificate of Bank as to the amount of such compensation, prepared in good faith and in reasonable detail by Bank and submitted by
Bank to Borrowers, shall be conclusive and binding for all purposes absent manifest error.

 

2.4 Fees
and Bank Expenses. Borrowers shall pay to Bank the following:

 

(a)
Facility Fee. On the Closing Date, a fully earned fee equal to Thirty-Seven Thousand Five Hundred Dollars ($37,500), which shall
be nonrefundable;

 

(b)
Unused Facility Fee. A quarterly unused facility fee equal to one quarter of one percent (0.25%) per annum of the difference between
the Revolving Line and the average outstanding principal balance of the Advances during the applicable quarter, which fee shall be payable
in arrears within five (5) days of the last day of each such quarter and shall be nonrefundable; and

 

(c)
Bank Expenses. On the Closing Date, all Bank Expenses incurred through the Closing Date, and, after the Closing Date, all Bank
Expenses, as and when they become due.

 

2.5 Term.
This Agreement shall become effective on the Closing Date and, subject to Section 13.7 hereof, shall continue in full force and
effect for so long as any Obligations remain outstanding or Bank has any obligation to make Credit Extensions under this Agreement.
Notwithstanding the foregoing, Bank shall have the right to terminate its obligation to make Credit Extensions under this Agreement
immediately and without notice upon the occurrence and during the continuance of an Event of Default.

 

    	Page 4

     

    

 

3.
CONDITIONS OF LOANS.

 

3.1
Conditions Precedent to Initial Credit Extension. The obligation of Bank to make the initial Credit Extension is subject to the
condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

 

(a)
this Agreement and the other Loan Documents required by Bank;

 

(b)
an officer’s certificate of each Borrower with respect to incumbency and resolutions authorizing the execution and delivery of
this Agreement and the other Loan Documents;

 

(c)
financing statements (Form UCC-1) and other filings as Bank determines are necessary to perfect all security interests granted to Bank
by each Borrower;

 

(d)
an intellectual property security agreement, executed by each Borrower;

 

(e)
the Itemization of Amount Financed Disbursement Instructions signed by a Responsible Officer of Borrower;

 

(f)
an agreement to furnish insurance, executed by each Borrower;

 

(g)
a subordination agreement from Ampersand 2018 Limited Partnership, a Delaware limited partnership and 1315 Capital II, L.P., a Delaware
limited partnership, together with (i) a copy of each subordinated promissory note by the applicable Borrower(s) payable to such Person,
with legend and (ii) copies of all documents executed in connection with such Borrower’s financing with such Person;

 

(h)
payment of the fees and Bank Expenses then due as specified in Section 2.4 hereof;

 

(i)
current SOS Reports indicating that except for Permitted Liens, there are no other security interests or Liens of record in the Collateral;

 

(j)
an audit of the Collateral, the results of which shall be satisfactory to Bank;

 

(k)
current financial statements, including audited statements for Parent’s and its consolidated Subsidiaries’’ most recently
ended fiscal year, together with an opinion from the Borrowers’ independent public accountants, company prepared consolidated and
consolidating balance sheets and income statements for the most recently ended month in accordance with Section 6.2 hereof, and such
other updated financial information as Bank may reasonably request;

 

(l)
a current Compliance Certificate in accordance with Section 6.2 hereof;

 

(m)
an Automatic Loan Payment Authorization; and

 

(n)
a Consent to Electronic Delivery of Terms and Conditions, ESign Disclosure and Consent, duly consented to by Borrower and authorized
signers; and such other documents or certificates, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

 

3.2 Conditions
Precedent to all Credit Extensions. The obligation of Bank to make each Credit Extension, including the initial Credit
Extension, is further subject to the following conditions:

 

(a)
timely receipt by Bank of the Request for Advance as provided in Section 2.1 hereof;

 

    	Page 5

     

    

 

(b)
there has occurred no circumstance or circumstances that could reasonably be expected to have a Material Adverse Effect with respect
to the Borrowers taken as a whole; and

 

(c)
the representations and warranties contained in Article 5 shall be true and correct in all material respects on and as of the date of
such Request for Advance and on the effective date of each Credit Extension as though made at and as of each such date (provided, however,
that those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects
as of such date), and (i) no Event of Default shall have occurred and be continuing, or would exist after giving effect to such Credit
Extension, (ii) after giving effect to such Advance, the aggregate principal amount of Advances made under this Agreement (excluding
refundings and conversions of outstanding Advances) shall not exceed the Revolving Line, and (iii) a Request for Advance once delivered
or submitted to Bank, shall not be revocable by the undersigned. The making of each Credit Extension shall be deemed to be a representation
and warranty by Borrower on the date of such Credit Extension as to the accuracy of the facts referred to in this Section 3.2.

 

4.
CREATION OF SECURITY INTEREST.

 

4.1
Grant of Security Interest. Each Borrower grants and pledges to Bank a continuing security interest in the Collateral to secure
prompt repayment of any and all Obligations and to secure prompt performance by such Borrower of each of its, and all other Borrowers’
covenants and duties under the Loan Documents. Except as set forth in the Schedule, such security interest constitutes a valid, first
priority security interest in the presently existing Collateral, and will constitute a valid, first priority security interest in later-acquired
Collateral. Notwithstanding any termination of this Agreement, Bank’s Lien on the Collateral shall remain in effect for so long
as any Obligations are outstanding.

 

4.2 Perfection
of Security Interest. Each Borrower authorizes Bank to file at any time financing statements, continuation statements, and
amendments thereto that (i) either specifically describe the Collateral or describe the Collateral as all assets of such Borrower of
the kind pledged hereunder, and (ii) contain any other information required by the Code for the sufficiency of filing office
acceptance of any financing statement, continuation statement, or amendment, including whether such Borrower is an organization, the
type of organization and any organizational identification number issued to such Borrower, if applicable. Any such financing
statements may be filed by Bank at any time in any jurisdiction whether or not Division 9 of the Code is then in effect in that
jurisdiction. Each Borrower shall from time to time endorse and deliver to Bank, at the request of Bank, all Negotiable Collateral
and other documents that Bank may reasonably request, in form reasonably satisfactory to Bank, to perfect and continue perfection of
Bank’s security interests in the Collateral and in order to fully consummate all of the transactions contemplated under the
Loan Documents. Borrowers shall have possession of the Collateral, except where expressly otherwise provided in this Agreement or
where Bank chooses to perfect its security interest by possession in addition to the filing of a financing statement. Where
Collateral is in possession of a third party bailee, Borrowers shall take such steps as Bank reasonably requests for Bank (i) using
commercially reasonable efforts to obtain an acknowledgment, in form and substance reasonably satisfactory to Bank, with respect to
Collateral with an aggregate book value in excess of $250,000, of the bailee that the bailee holds such Collateral for the benefit
of Bank; provided, however, the aggregate book value of all Collateral not subject to the proceeding requirement shall not exceed
$500,000, and (ii) to obtain “control” of any Collateral consisting of investment property, deposit accounts, securities
accounts, letter-of-credit rights or electronic chattel paper (as such items and the term “control” are defined in
Division 9 of the Code) by causing the securities intermediary or depositary institution or issuing bank to execute a control
agreement in form and substance satisfactory to Bank. No Borrower will create any chattel paper without placing a legend on the
chattel paper acceptable to Bank indicating that Bank has a security interest in the chattel paper.

 

4.3 Right
to Inspect. Bank (through any of its officers, employees, or agents) shall have the right, upon reasonable prior notice, from
time to time during each Borrower’s usual business hours but no more than twice a year (unless an Event of Default has
occurred and is continuing), to inspect (or if physical copies are not available for inspection, Borrower shall promptly provide or
make available in satisfactory form to Bank) Borrower’s Books and to make copies thereof and to check, test, and appraise the
Collateral in order to verify such Borrower’s financial condition or the amount, condition of, or any other matter relating
to, the Collateral.

 

    	Page 6

     

    

 

4.4
Cash Collateral Arrangement.

 

(a)
Within ninety (90) days after the Closing Date and subject to Section 6.6, each Borrower agrees to notify all account debtors and other
parties obligated to such Borrower that all payments made to such Borrower by electronic funds transfer shall be remitted to one or more
collection account(s) established and maintained by Borrowers at Bank (the “Collection Account”), and each Borrower shall
include a like statement on all invoices. Each Borrower agrees that immediately upon an Event of Default occurring and continuing, the
Obligations shall be on a “remittance basis” and each Borrower’s Collection Account(s) shall, upon the occurrence and
during the continuance of an Event of Default, convert to a non-interest bearing deposit account with Bank (each a “Springing DOF
Account”) to which Bank shall have exclusive access and control; provided that, upon any written waiver by the Bank of all then-outstanding
Event(s) of Default in accordance with the provisions of this Agreement, each such Springing DOF Account shall promptly convert/revert
to a Collection Account;

 

(b)
Upon the occurrence and during the continuance of an Event of Default, each Borrower shall hold in trust for Bank all amounts that such
Borrower receives despite the directions to make payments to the Springing DOF Account(s), and immediately deliver such payments to Bank
in their original form as received from the account debtor, with proper endorsements for deposit into the Springing DOF Account(s). Each
Borrower hereby authorizes Bank to transfer to the Springing DOF Account(s) any amounts that Bank reasonably determines are proceeds
of the Accounts (provided that Bank is under no obligation to do so and this allowance shall in no event relieve any Borrower of its
obligations hereunder).

 

(c)
Each Borrower shall execute all documents and authorizations as required by Bank, including but not limited to, documentation and authorizations
to establish and maintain the Springing DOF Account(s). Each Borrower further acknowledges and agrees that upon the occurrence and during
the continuance of an Event of Default: (i) such Borrower shall not be an authorized signer on any Springing DOF Account; (ii) such Borrower
shall not order or write checks on any Springing DOF Account; and (iii) each Springing DOF Account: (A) shall be non-interest bearing;
and (B) may not be used to initiate or authorize debit transactions of any kind, including, but not limited to: writing of paper or electronic
checks, over the counter withdrawals, ATM Card or Check Card withdrawals, account transfers from the account, ACH debit transactions
and debit wire transfers; provided that, upon any written waiver from the Bank of all then-outstanding Event(s) of Default in accordance
with the provisions of this Agreement and resultant conversion/reversion of each Springing DOF Account to a Collection Account, the provisions
of the sentence shall promptly cease to apply to such account.

 

(d)
All items or amounts which are remitted or otherwise delivered by or for the benefit of a Borrower to Bank on account of partial or full
payment of, or with respect to, any Collateral shall, on a daily basis, in accordance with Bank’s standard procedures and practices,
be deposited to such Borrower’s Collection Account(s) maintained at Bank so long as no Event of Default has occurred and is continuing.
If an Event of Default has occurred and is continuing, all items or amounts remitted to the Springing DOF Account(s) or otherwise delivered
by or for the benefit of a Borrower to Bank shall (at the Bank’s discretion), on a daily basis, be applied to the payment of any
Obligations, whether then due or not, in such order or at such time of application as Bank may determine in its sole discretion. Each
Borrower agrees that Bank shall not be liable for any loss or damage which such Borrower may suffer as a result of Bank’s processing
of items or its exercise of any other rights or remedies under this Agreement, including without limitation indirect, incidental, special,
consequential, or punitive damages, loss of revenues or profits, or any claim, demand or action by any third party arising out of or
in connection with the processing of items or the exercise of any other rights or remedies under this Agreement. Each Borrower agrees
to indemnify and hold Bank harmless from and against all such third party claims, demands or actions, and all related expenses or liabilities,
including, without limitation, reasonable attorneys’ fees and including claims, damages, fines, expenses, liabilities or causes
of action of whatever kind resulting from Bank’s own negligence, except to the extent (but only to the extent) caused by Bank’s
gross negligence or willful misconduct.

 

    	Page 7

     

    

 

5.
REPRESENTATIONS AND WARRANTIES.

 

Each
Borrower represents and warrants as follows:

 

5.1
Due Organization and Qualification. Such Borrower and each of its Subsidiaries is an entity duly existing under the laws of the
jurisdiction in which it is organized and qualified and licensed to do business in any state in which the conduct of its business or
its ownership of property requires that it be so qualified, except where the failure to do so could not reasonably be expected to cause
a Material Adverse Effect.

 

5.2 Due
Authorization; No Conflict. The execution, delivery, and performance of the Loan Documents are within such Borrower’s
powers, have been duly authorized, and are not in conflict with nor constitute a breach of any provision contained in such
Borrower’s organizational documents, nor will they constitute an event of default under any material agreement by which such
Borrower is bound. Such Borrower is not in default under any agreement by which it is bound, except to the extent such default would
not reasonably be expected to cause a Material Adverse Effect.

 

5.3 Collateral.
Such Borrower has rights in or the power to transfer the Collateral, and its title to the Collateral is free and clear of Liens,
adverse claims, and restrictions on transfer or pledge except for Permitted Liens. The Eligible Accounts are bona fide existing
obligations. The property or services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or
its agent for immediate shipment to and unconditional acceptance by the account debtor. Such Borrower has not included in any
Borrowing Base Certificate as an Eligible Account any Accounts where such Borrower has received notice of actual or imminent
Insolvency Proceeding with respect to the applicable account debtor. No licenses or agreements giving rise to such Eligible Accounts
is with any Prohibited Territory or with any Person organized under or doing business in a Prohibited Territory. All Inventory is in
all material respects of good and merchantable quality, free from all material defects, except for Inventory for which adequate
reserves have been made. Except as set forth in the Schedule, none of the Collateral is maintained or invested with a Person other
than Bank or Bank’s Affiliates.

 

5.4 Intellectual
Property Collateral. Such Borrower is the sole owner of the Intellectual Property Collateral, except for non-exclusive licenses
granted by such Borrower to its customers in the ordinary course of business. To the best of such Borrower’s knowledge, each
of the Copyrights, Trademarks and Patents is valid and enforceable, and no part of the Intellectual Property Collateral has been
judged invalid or unenforceable, in whole or in part, and no claim has been made to such Borrower that any part of the Intellectual
Property Collateral violates the rights of any third party except to the extent such claim could not reasonably be expected to cause
a Material Adverse Effect. Except as set forth in the Schedule, such Borrower’s rights as a licensee of intellectual property
do not give rise to more than five percent (5%) of its gross revenue in any given month, including without limitation revenue
derived from the sale, licensing, rendering or disposition of any product or service. Borrower is not a party to, nor bound by, any
agreement that restricts the grant by Borrower of a security interest in the Intellectual Property Collateral.

 

5.5
Name; Location of Chief Executive Office; Location of Inventory and Equipment. Except as disclosed in the Schedule, such Borrower
has not done business under any name other than that specified on the signature page hereof, and its exact legal name is as set forth
on Annex 1 attached to this Agreement. The chief executive office and principal place of business of Borrower is located
at the address indicated in Section 10 hereof. Except as disclosed in the Schedule, all Collateral of such Borrower valued in excess
of $250,000 is located at the address indicated in Section 10 hereof.

 

5.6
Actions, Suits, Litigation, or Proceedings. Except as set forth in the Schedule, there are no actions, suits, litigation or proceedings,
at law or in equity, pending by or against such Borrower or any Subsidiary of such Borrower before any court, administrative agency,
or arbitrator in which a likely adverse decision could reasonably be expected to have a Material Adverse Effect.

 

    	Page 8

     

    

 

5.7 No
Material Adverse Change in Financial Statements. All consolidated and consolidating financial statements related to such
Borrower and any Subsidiary of such Borrower that are delivered by such Borrower to Bank fairly present in all material respects
such Borrower’s consolidated and consolidating financial condition as of the date thereof and such Borrower’s
consolidated and consolidating results of operations for the period then ended. There has not been a material adverse change in the
consolidated or in the consolidating financial condition of such Borrower since the date of the most recent of such financial
statements submitted to Bank.

 

5.8 Solvency,
Payment of Debts. Such Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable value of such
Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and such Borrower is
not left with unreasonably small capital after the transactions contemplated by this Agreement.

 

5.9
Compliance with Laws and Regulations. Such Borrower and each of its Subsidiaries have met the minimum funding requirements of
ERISA with respect to any employee benefit plans subject to ERISA. No event has occurred resulting from such Borrower’s failure
to comply with ERISA that is reasonably likely to result in such Borrower’s incurring any liability that could reasonably be expected
to have a Material Adverse Effect. Such Borrower is not an “investment company” or a company “controlled” by
an “investment company” within the meaning of the Investment Company Act of 1940. Such Borrower is not engaged principally,
or as one of the important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within
the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System). Such Borrower has complied in all material
respects with all the provisions of the Federal Fair Labor Standards Act. Such Borrower has complied in all material respects with all
environmental laws, regulations and ordinances. Such Borrower has not violated any statutes, laws, ordinances or rules applicable to
it, including without limitation, Health Care Laws, the violation of which could reasonably be expected to have a Material Adverse Effect.
Such Borrower and each Subsidiary of such Borrower have filed or caused to be filed all tax returns required to be filed, and have paid,
or have made adequate provision for the payment of, all taxes reflected therein except those being contested in good faith with adequate
reserves under GAAP or where the failure to file such returns or pay such taxes could not reasonably be expected to have a Material Adverse
Effect.

 

5.10
Investments. Such Borrower does not own any Equity Interests of any Person, except for Permitted Investments and except as set
forth on the Schedule.

 

5.11 Government
Consents. Such Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations of, made all
declarations or filings with, and given all notices to, all governmental authorities that are necessary for the continued operation
of such Borrower’s business as currently conducted, except where the failure to do so would not reasonably be expected to
cause a Material Adverse Effect.

 

5.12 Restricted
Agreements. Except as disclosed on the Schedule, or as timely disclosed in writing to Bank pursuant to Section 6.9, such
Borrower is not a party to, nor is bound by, any Restricted Agreement.

 

5.13 Full
Disclosure. No representation, warranty or other statement made by such Borrower in any certificate or written statement
furnished to Bank taken together with all such certificates and written statements furnished to Bank contains any untrue statement
of a material fact or omits to state a material fact necessary in order to make the statements contained in such certificates or
statements not misleading, it being recognized by Bank that the projections and forecasts provided by such Borrower in good faith
and based upon reasonable assumptions are not to be viewed as facts and that actual results during the period or periods covered by
any such projections and forecasts may differ from the projected or forecasted results.

 

    	Page 9

     

    

 

6.
AFFIRMATIVE COVENANTS.

 

Each
Borrower covenants that, until payment in full of all outstanding Obligations, and for so long as Bank may have any commitment to make
a Credit Extension hereunder, such Borrower shall do all of the following:

 

6.1 Good
Standing and Government Compliance. Such Borrower shall maintain its, and each of its Subsidiaries’ organizational
existence and good standing in the Borrower State, shall maintain qualification and good standing in each other jurisdiction in
which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the
organizational identification number issued to such Borrower by the authorities of the jurisdiction in which such Borrower is
organized, if applicable. Such Borrower shall meet, and shall cause each of its Subsidiaries to meet, the minimum funding
requirements of ERISA with respect to any employee benefit plans subject to ERISA. Such Borrower shall comply in all material
respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where
the failure to do so could reasonably be expected to have a Material Adverse Effect. Such Borrower shall comply, and shall cause
each of its Subsidiaries to comply, with all statutes, laws, ordinances and government rules and regulations, including without
limitation, Health Care Laws, to which it is subject, and shall maintain, and shall cause each of its Subsidiaries to maintain, in
force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have
a Material Adverse Effect.

 

6.2 Financial
Statements, Reports, Certificates. Parent shall deliver to Bank: (i) as soon as available, but in any event within thirty (30)
days after the end of each calendar month, a company prepared consolidated and consolidating balance sheet and income statement, and
consolidated cash flow statement covering such Parent’s and its consolidated Subsidiaries’ operations during such
period, prepared in accordance with GAAP, and in a form reasonably acceptable to Bank and certified by a Responsible Officer; (ii)
as soon as available, but in any event within one hundred eighty (180) days after the end of Parent’s fiscal year, audited
consolidated and consolidating financial statements of Parent and its consolidated Subsidiaries prepared in accordance with GAAP,
consistently applied, together with an opinion which is unqualified (including no going concern comment or qualification other than
a qualification based on liquidity or a debt maturity date) or otherwise consented to in writing by Bank or otherwise consented to
in writing by Bank on such financial statements of an independent certified public accounting firm reasonably acceptable to Bank;
(iii) if applicable, copies of all statements, reports and notices sent or made available generally by such Borrower to its security
holders or to any holders of Subordinated Debt and all reports on Forms 10-K and 10-Q filed with the Securities and Exchange
Commission; (iv) promptly upon receipt of notice thereof, a report of any legal actions pending or threatened in writing against a
Borrower or any of its Subsidiaries that could result in damages or costs to such Borrower or any of its Subsidiaries of Five
Hundred Thousand Dollars ($500,000) or more; (v) promptly upon receipt, each management letter prepared by Parent’s
independent certified public accounting firm regarding Parent’s management control systems; (vi) such other financial
information as Bank may reasonably request from time to time; and (vii) within thirty (30) days of the last day of each fiscal
quarter, a report signed by such Borrower, in form reasonably acceptable to Bank, listing any applications or registrations that
such Borrower has made or filed in respect of any Patents, Copyrights or Trademarks and the status of any outstanding applications
or registrations, as well as any material change in such Borrower’s Intellectual Property Collateral, including but not
limited to any subsequent ownership right of such Borrower in or to any Trademark, Patent or Copyright not specified in Exhibits A,
B, and C of any Intellectual Property Security Agreement delivered to Bank by such Borrower in connection with this
Agreement.

 

(a)
Within thirty (30) days after the last day of each month, Parent shall deliver to Bank a Borrowing Base Certificate signed by a Responsible
Officer of Parent in substantially the form of Exhibit D hereto, together with aged listings by invoice date of Borrowers’
accounts receivable and accounts payable, and an inventory report, all in form and substance reasonably acceptable to Bank.

 

    	Page 10

     

    

 

(b)
Within thirty (30) days after the last day of each month, Parent shall deliver or cause to be delivered to Bank, on behalf of all Borrowers,
with the monthly financial statements a Compliance Certificate certified as of the last day of the applicable month and signed by a Responsible
Officer of a Borrower in substantially the form of Exhibit E hereto.

 

(c)
Immediately upon becoming aware of the occurrence or existence of an Event of Default hereunder, a written statement of a Responsible
Officer of such Borrower setting forth details of the Event of Default, and the action which such Borrower has taken or proposes to take
with respect thereto.

 

(d)
Bank shall have a right from time to time hereafter to audit each Borrower’s Accounts and appraise Collateral at Borrowers’
expense, provided that such audits will be conducted no more often than every six (6) months unless an Event of Default has occurred
and is continuing. Notwithstanding the foregoing, after the initial audit, no audits will be required when there are no outstandings
under the Revolving Line, provided that, the Bank shall have received satisfactory audit results within the prior six (6) months of a
Request for Advance. Each Borrower shall provide or make available Borrower’s Accounts, Books or Collateral in order for Bank to
conduct its audit pursuant to this Section or inspection pursuant to Section 4.3 hereto.

 

Borrowers
may deliver to Bank on an electronic basis any certificates, reports or information required pursuant to this Section 6.2, and Bank shall
be entitled to rely on the information contained in the electronic files, provided that Bank in good faith believes that the files were
delivered by a Responsible Officer. If any Borrower delivers this information electronically, it shall also deliver to Bank by U.S. Mail,
reputable overnight courier service, hand delivery, facsimile or .pdf file within five (5) Business Days of submission of the unsigned
electronic copy the certification of monthly financial statements, the intellectual property report, the Borrowing Base Certificate and
the Compliance Certificate, each bearing the physical signature of the Responsible Officer.

 

6.3 Inventory;
Returns. Such Borrower shall keep all Inventory held for sale in good and merchantable condition, free from all material defects
except for Inventory for which adequate reserves have been made. Returns and allowances, if any, as between any Borrower and its
account debtors shall be on the same basis and in accordance with the usual customary practices of such Borrower, as they exist on
the Closing Date. Each Borrower shall promptly notify Bank of all returns and recoveries and of all disputes and claims involving
more than Two Hundred Fifty Thousand Dollars ($250,000).

 

6.4
Taxes. Such Borrower shall make, and cause each of its Subsidiaries to make, due and timely payment or deposit of all material
federal, state, and local taxes, assessments, or contributions required of it by law, including, but not limited to, those laws concerning
income taxes, F.I.C.A., F.U.T.A. and state disability, and will execute and deliver to Bank, on demand, proof satisfactory to Bank indicating
that such Borrower or a Subsidiary of such Borrower has made such payments or deposits and any appropriate certificates attesting to
the payment or deposit thereof; provided that such Borrower or a Subsidiary of such Borrower need not make any payment if the amount
or validity of such payment is contested in good faith by appropriate proceedings and is reserved against (to the extent required by
GAAP) by such Borrower or its Subsidiary, as applicable.

 

6.5 Insurance.
Such Borrower will keep the Collateral in good condition and will protect it from loss, damage, or deterioration from any cause.
Such Borrower has and will maintain at all times (a) with respect to the Collateral, insurance under an “all risk”
policy against fire and other risks customarily insured against, and (b) public liability insurance and other insurance as may be
required by law or reasonably required by Bank. All of such personal property and hazard insurance policies shall be in amount, form
and content, and written by companies as may be reasonably satisfactory to Bank, and shall contain a lender’s loss payable
endorsement in favor of and acceptable to Bank. All real property insurance policies shall be in amount, form and content, and
written by companies as may be reasonably satisfactory to Bank, and shall contain a mortgagee clause in favor of and acceptable to
Bank. All general liability insurance policies shall be in amount, form and content, and written by companies as may be reasonably
satisfactory to Bank, and shall show Bank as an additional insured. All such policies shall contain a provision whereby they may not
be canceled or materially amended except upon thirty (30) days’ prior written notice to Bank (or ten (10) days’ in the
case of non-payment of premium). Such Borrower will promptly deliver to Bank, at Bank’s request, evidence reasonably
satisfactory to Bank that such insurance has been so procured and, with respect to casualty insurance, made payable to Bank. Such
Borrower hereby appoints Bank, or any employee or agent of Bank, as such Borrower’s attorney-in-fact, which appointment is
coupled with an interest and irrevocable, and authorizes Bank, or any employee or agent of Bank, on behalf of such Borrower, to
adjust and compromise any loss under said insurance and to endorse any check or draft payable to such Borrower in connection with
returned or unearned premiums on said insurance or the proceeds of said insurance, and any amount so collected may be applied toward
satisfaction of the Obligations; provided, however, that Bank shall not be required hereunder so to act. If such Borrower fails to
maintain satisfactory insurance, Bank has the option (but not the obligation) to do so and such Borrower agrees to repay all amounts
so expended to Bank immediately upon demand, together with interest at the highest lawful default rate which could be charged by
Bank on any Obligations. Such amounts so expended by Bank shall constitute Obligations secured by this Agreement.

 

    	Page 11

     

    

 

6.6
Accounts. Within one hundred eight days (180) days after the Closing Date (the “Transition Period”), all of each Borrower’s
accounts maintained outside Bank shall be closed and the balances transferred to accounts at Bank and Borrowers shall thereafter maintain
all of their depository, operating and investment accounts at Bank. During the Transition Period, the aggregate balance of all accounts
not maintained at Bank shall not exceed Five Hundred Thousand Dollars ($500,000) at any time and such accounts are not required to be
governed by a control agreement. Notwithstanding anything to the contrary set forth above, Borrowers must maintain accounts at Bank,
including without limitation, Collection Account(s), within ninety (90) days after the Closing Date.

 

(a)
Each such Borrower shall (A) segregate collections made from Government Account Debtors from collections made from all other account
debtors and customers of such Borrower by (x) instructing all payors (other than payments made by Government Account Debtors) to make
payments to the deposit accounts of such Borrower maintained at Bank, and (y) notifying all Government Account Debtors to make payments
to a deposit account of such Borrower maintained at Bank, the only funds on deposit in which constitute the direct proceeds of payments
made by Government Account Debtors (a “Segregated Governmental Account”), and (B) enter into with Bank an irrevocable sweep
agreement in form and substance reasonably satisfactory to Bank (a “Sweep Agreement”) with respect to each Segregated Governmental
Account, pursuant to which Bank will irrevocably agree to sweep amounts deposited therein on daily basis, but only after the occurrence
and during the continuance of any Event of Default, to the Springing DOF Account(s) maintained by a Borrower at Bank as and when funds
clear and become available in accordance with Bank’s customary procedures.

 

(b)
To the extent any Person, whether a Governmental Account Debtor or otherwise, remits payments to an incorrect deposit account or otherwise
makes payments not in accordance with the provisions of this Section 6.6 or a payment direction from a Borrower, such Borrower shall
contact such Person and use its best efforts to redirect payment from such Person in accordance with the terms hereof. Bank agrees and
confirms that each Borrower will have sole dominion and “control” (within the meaning of Section 9-104 of the UCC and the
common law) over each of its Segregated Governmental Account and all funds therein and Bank disclaims any right of any nature whatsoever
to control or otherwise direct or make any claim against the funds held in any Segregated Governmental Account from time to time.

 

(c)
Notwithstanding anything contained in this Section 6.6 to the contrary, to the extent that is not covered by a Sweep Agreement required
pursuant to this Section 6.6, immediately upon (and in any event within one (1) Business Day of) receipt in such account of funds received
from any after the occurrence and during the continuance of any Event of Default, each Borrower shall sweep such amounts deposited in
such Segregated Governmental Account on a daily basis to the Springing DOF Accounts(s) maintained by Borrowers at Bank as and when such
funds clear and become available in accordance with Bank’s customary procedures, and each applicable Borrower shall provide and
Bank shall have received daily receipts or other evidence reasonably satisfactory to it that such Borrower has complied with this Section
6.6(d) on each date on which such sweep has occurred.

 

    	Page 12

     

    

 

6.7
Financial Covenants. Borrowers shall maintain, on a consolidated basis, the following financial ratios and covenants:

 

(a)
Minimum Liquidity. Liquidity of not less than the greater of (i) One Million Five Hundred Thousand Dollars ($1,500,000) and (ii)
Borrowers’ trailing three (3) months Cash Burn as of the most recently ended month, maintained at all times and tested monthly.

 

(b)
Minimum Revenue. As of the last day of each fiscal quarter of Borrowers, Borrowers’ trailing four quarters revenue shall
be no less than the amounts set forth below as of the testing periods set forth below:

 

	Measurement Date	 	Minimum Revenue	 
	September 30, 2021	 	$	38,000,000	 
	December 31, 2021	 	$	40,000,000	 
	March 31, 2022	 	$	41,000,000	 
	June 30, 2022	 	$	43,000,000	 
	September 30, 2022	 	$	45,000,000	 
	December 31, 2022	 	$	46,000,000	 
	March 31, 2023	 	$	47,000,000	 
	June 30, 2023	 	$	48,000,000	 
	September 30, 2023	 	$	49,000,000	 

 

6.8
Registration of Intellectual Property Rights.

 

(a)
Such Borrower shall (i) give Bank written notice ten (10) days prior to the filing of any applications or registrations of intellectual
property rights with the United States Copyright Office and/or with the United States Patent and Trademark Office, including the date
of such filing and the registration or application numbers, if any, execute such documents as Bank may reasonably request for Bank to
maintain its perfection and first priority in such intellectual property rights to be registered by such Borrower; (ii) upon the request
of Bank, either deliver to Bank or file such documents simultaneously with the filing of any such applications or registrations; and
(iii) upon filing any such applications or registrations, promptly (unless alternative timing is specified in Section 6.2) provide Bank
with a copy of such applications or registrations together with any exhibits, evidence of the filing of any documents requested by Bank
to be filed for Bank to maintain the perfection and priority of its security interest in such intellectual property rights, and the date
of such filing.

 

(b)
Such Borrower shall execute and deliver such additional instruments and documents from time to time as Bank shall reasonably request
to perfect and maintain the perfection and priority of Bank’s security interest in the Intellectual Property Collateral. Borrower
shall promptly advise Bank of any material change in the composition of the Intellectual Property Collateral, including but not limited
to any subsequent ownership right of such Borrower in or to any Trademark, Patent or Copyright not specified in the Agreement.

 

(c)
Such Borrower shall (i) protect, defend and maintain the validity and enforceability of the Trademarks, Patents, Copyrights, and trade
secrets, (ii) detect infringements of the Trademarks, Patents and Copyrights and promptly advise Bank in writing of material infringements
detected and (iii) not allow any material Trademarks, Patents or Copyrights to be abandoned, forfeited or dedicated to the public without
the written consent of Bank, which shall not be unreasonably withheld.

 

    	Page 13

     

    

 

(d)
Bank may audit such Borrower’s Intellectual Property Collateral to confirm compliance with Section 6.2 and this Section 6.8, provided
such audit may not occur more often than once per year, unless an Event of Default has occurred and is continuing. Bank shall have the
right, but not the obligation, to take, at Borrowers’ sole expense, any actions that Borrower is required under this Section 6.8
to take but which Borrower fails to take, after fifteen (15) days’ notice to such Borrower. Borrowers shall reimburse and indemnify
Bank for all reasonable costs and reasonable expenses incurred in the reasonable exercise of its rights under this Section 6.8.

 

6.9
Restricted Agreement Consents. Prior to entering into or becoming bound by any Restricted Agreement, such Borrower shall: (i)
provide written notice to Bank of the material terms of such Restricted Agreement; and (ii) upon Bank’s request, will use commercially
reasonable efforts to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (A) such Borrower’s
interest in such licenses or contract rights to be deemed Collateral and for Bank to have a security interest in such license or contract
right, and to have the power to assign such license or contract rights in connection with an enforcement of remedies, that might otherwise
be restricted by the terms of the applicable license or agreement, whether now existing or entered into in the future, and (B) Bank to
have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights
and remedies under this Agreement and the other Loan Documents.

 

6.10
Further Assurances. At any time and from time to time such Borrower shall execute and deliver such further instruments and take
such further action as may reasonably be requested by Bank to effect the purposes of this Agreement.

 

6.11
Creation/Acquisition of Subsidiaries. In the event such Borrower or any Subsidiary creates or acquires any direct or indirect
Subsidiary, Borrower and such Subsidiary shall promptly notify Bank of the creation or acquisition of such new Subsidiary and take all
such action as may be reasonably required by Bank to cause such domestic Subsidiary to, at Bank’s option, become a Borrower hereunder
or to guarantee the Obligations of Borrower under the Loan Documents and grant a continuing pledge and security interest in an to the
collateral of such Subsidiary (substantially as described on Exhibit B hereto), and Borrower shall grant and pledge to Bank a perfected
security interest in the stock, units or other evidence of ownership of such Subsidiary.

 

6.12
Landlord Waivers/Bailee Agreements. Within thirty (30) days after the Closing Date, Borrowers shall use commercially reasonable
efforts to, for each Collateral location or warehouse location of a Borrower or any Collateral location not owned by a Borrower (including
without limitation, any third party hosting facility) with Collateral with an aggregate book value in excess of Two Hundred Fifty Thousand
($250,000), deliver to Bank, a landlord subordination agreement, collateral access agreement or bailment waiver, executed by the landlord,
warehouseman or bailee of such location, as applicable, together with a copy of the lease, warehouse or bailment agreement for each such
location, as applicable. Notwithstanding the foregoing, the aggregate book value of all Collateral at non-Borrower owned locations not
governed by a landlord subordination agreement, collateral access agreement or bailment waiver shall not exceed Five Hundred Thousand
Dollars ($500,000).

 

7.
NEGATIVE COVENANTS.

 

Each
Borrower covenants and agrees that, so long as any credit hereunder shall be available and until the outstanding Obligations are paid
in full or for so long as Bank may have any commitment to make any Credit Extensions, such Borrower shall not do any of the following:

 

7.1
Dispositions. Convey, sell, lease, license, transfer or otherwise dispose of (collectively, to “Transfer”), or permit
any of its Subsidiaries to Transfer, all or any part of its business or property, or subject to Section 6.6, move cash balances on deposit
with Bank to accounts opened at another financial institution, other than Permitted Transfers.

 

7.2
Change in Name, Location, Executive Office, or Executive Management; Change in Business; Change in Fiscal Year; Change in Control.
Change its name or the Borrower State or relocate its chief executive office or principal place of business without thirty (30) days
prior written notification to Bank; replace its chief executive officer or chief financial officer without thirty (30) days prior written
notification to Bank; 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 such Borrower; change its fiscal year end; or have a Change in Control.

 

    	Page 14

     

    

 

7.3 Mergers
or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with or into any other
business organization (other than mergers or consolidations of a Subsidiary of such Borrower into another Subsidiary of such
Borrower or into such Borrower), or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the Equity
Interests or property of another Person, or enter into any agreement to do any of the same, except where (i) the transactions meet
the definition of a Permitted Acquisition and such transactions do not in the aggregate exceed One Million Dollars ($1,000,000)
during any fiscal year, (ii) no Event of Default has occurred, is continuing or would exist after giving effect to such
transactions, (iii) such transactions do not result in a Change in Control, and (iv) such Borrower is the surviving
entity.

 

7.4
Indebtedness. Create, incur, assume, guarantee or be or remain liable with respect to any Indebtedness, or permit any of its Subsidiaries
to do so, other than Permitted Indebtedness, or prepay any Indebtedness or take any actions which impose on such Borrower an obligation
to prepay any Indebtedness in an aggregate amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000) per year, except Indebtedness
to Bank, which shall not be capped. Notwithstanding the foregoing, if Subordinated Debt cannot be prepaid under the terms of an applicable
subordination agreement, such Subordinated Debt shall not be prepaid.

 

7.5 Encumbrances.
Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive
income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to
any other Person that such Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect
to any of such Borrower’s property.

 

7.6 Distributions.
Pay any dividends or make any other distribution or payment on account of or in redemption, retirement or purchase of any Equity
Interests, except that such Borrower may (i) repurchase the Equity Interests of former employees pursuant to equity repurchase
agreements as long as an Event of Default does not exist prior to such repurchase or would not exist after giving effect to such
repurchase, and (ii) repurchase the Equity Interests of former employees pursuant to equity repurchase agreements by the
cancellation of indebtedness owed by such former employees to such Borrower regardless of whether an Event of Default exists.
Nothing in this Section 7.6 shall restrict the conversion of preferred Equity Interests to common Equity Interests, notwithstanding
any deemed dividend which may arise in connection therewith.

 

7.7 Investments.
Directly or indirectly acquire or own, or make any Investment in or to any Person, or permit any of its Subsidiaries to do so, other
than Permitted Investments, or maintain or invest any of its property with a Person other than Bank or permit any of its
Subsidiaries to do so unless such Person has entered into a control agreement with Bank, in form and substance satisfactory to Bank,
or suffer or permit any of its Subsidiaries to be a party to, or be bound by, an agreement that restricts such Subsidiary of such
Borrower from paying dividends or otherwise distributing property to such Borrower. Further, such Borrower shall not enter into any
license or agreement with any Prohibited Territory or with any Person organized under or doing business in a Prohibited
Territory.

 

7.8
Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate
of such Borrower except for transactions that are in the ordinary course of such Borrower’s business, upon fair and reasonable
terms that are no less favorable to such Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person.

 

    	Page 15

     

    

 

7.9 Subordinated
Debt. Make any payment in respect of any Subordinated Debt, or permit any of its Subsidiaries to make any such payment, except
in compliance with the terms of such Subordinated Debt and the terms of the subordination agreement relating to such Subordinated
Debt, or amend any provision of any document evidencing such Subordinated Debt, except in compliance with the terms of the
subordination agreement relating to such Subordinated Debt, or amend any provision affecting Bank’s rights contained in any
documentation relating to the Subordinated Debt without Bank’s prior written consent.

 

7.10 Inventory
and Equipment. Store the Inventory or the Equipment having a book value exceeding $250,000 individually or in the aggregate with
a bailee, warehouseman, or similar third party unless the third party has been notified of Bank’s security interest and Bank
(a) with Borrowers using commercially reasonable efforts, has received an acknowledgment from the third party that it is holding or
will hold the Inventory or Equipment for Bank’s benefit or (b) is in possession of the warehouse receipt, where negotiable,
covering such Inventory or Equipment, provided, however, that the aggregate book value of all Inventory and Equipment at all
locations not subject to the foregoing requirements shall not exceed $500,000. Except for Inventory sold in the ordinary course of
business and except for such other locations as Bank may approve in writing, such Borrower shall keep the Inventory and Equipment
only at the location set forth in Article 10, the locations disclosed in the current Schedule, and such other locations of which
such Borrower has (i) provided Bank thirty (30) days prior written notice and (ii) taken all necessary action as requested by Bank
in order to ensure that assets located at such locations are secured and that Bank has a perfected, first priority Lien on such
assets (including, without limitation, executing additional security documentation and obtaining landlord waivers, mortgage waivers,
bailee waivers, or equipment waivers in form and substance reasonably satisfactory to Bank).

 

7.11 No
Investment Company; Margin Regulation. Become or be required to be registered as an “investment company,” within the
meaning of the Investment Company Act of 1940, or become principally engaged in, or undertake as one of its important activities,
the business of extending credit for the purpose of purchasing or carrying margin stock, or use the proceeds of any Credit Extension
for such purpose.

 

8.
EVENTS OF DEFAULT.

 

Any
one or more of the following events shall constitute an Event of Default (“Event of Default”) by Borrowers, or any of them,
under this Agreement:

 

8.1 Payment
Default. If any Borrower fails to pay any of the Obligations (i) consisting of principal or interest when due, or (ii)
consisting of interest, fees, or other amounts within three (3) Business Days of the date due;

 

8.2
Covenant Default.

 

(a)
If any Borrower fails to perform any obligation under Article 6 or violates any of the covenants contained in Article 7 of this Agreement;
or

 

(b)
If any Borrower fails or neglects to perform or observe any other material term, provision, condition, covenant contained in this Agreement,
in any of the Loan Documents, or in any other present or future agreement between any Borrower and Bank and as to any default under such
other term, provision, condition or covenant that can be cured, has failed to cure such default within fifteen (15) days after any Borrower
receives notice thereof or any officer of any Borrower becomes aware thereof; provided, however, that if the default cannot by its nature
be cured within the fifteen (15) day period or cannot after diligent attempts by Borrowers be cured within such fifteen (15) day period,
and such default is likely to be cured within a reasonable time, then Borrowers shall have an additional reasonable period (which shall
not in any case exceed thirty (30) days) to attempt to cure such default, so long as Borrowers continue to diligently attempt to cure
such default, and within such reasonable time period the failure to have cured such default shall not be deemed an Event of Default but
no Credit Extensions will be made;

 

8.3
Material Adverse Change. If there occurs any circumstance or circumstances that could reasonably be expected to have a Material
Adverse Effect with respect to Borrowers taken as a whole;

 

8.4
Attachment. If any of any Borrower’s and/or any of its Subsidiaries’ assets valued in excess of $1,000,000 is attached,
seized, subjected to a writ or distress warrant, or is levied upon, or comes into the possession of any trustee, receiver or person acting
in a similar capacity and such attachment, seizure, writ or distress warrant or levy has not been removed, discharged or rescinded within
five (5) days, or if any Borrower and/or any of its Subsidiaries is enjoined, restrained, or in any way prevented by court order from
continuing to conduct all or any material part of its business affairs, or if a judgment or other claim becomes a lien or encumbrance
upon any material portion of any Borrower’s and/or any of its Subsidiaries’ assets, or if a notice of lien, levy, or assessment
is filed of record with respect to any of any Borrower’s and/or any of its Subsidiaries’ assets by the United States, or
any department, agency, or instrumentality thereof, or by any state, county, municipal, or governmental agency, and the same is not paid
within five (5) days after any Borrower and/or any of its Subsidiaries receives notice thereof, provided that none of the foregoing shall
constitute an Event of Default where such action or event is stayed or an adequate bond has been posted pending a good faith contest
by the applicable Borrower and/or any of its Subsidiaries (provided that no Credit Extensions will be made during such cure period);

 

8.5 Insolvency.
If any Borrower and/or any of its Subsidiaries becomes insolvent, or if an Insolvency Proceeding is commenced by any Borrower and/or
any of its Subsidiaries, or if an Insolvency Proceeding is commenced against any Borrower and/or any of its Subsidiaries and is not
dismissed or stayed within forty-five (45) days (provided that no Credit Extensions will be made prior to the dismissal of such
Insolvency Proceeding);

 

8.6 Other
Agreements. If there is a default or other failure to perform in any agreement to which any Borrower and/or any of its
Subsidiaries is a party with a third party or parties resulting in a right by such third party or parties, whether or not exercised,
to accelerate the maturity of any Indebtedness in an amount in excess of Five Hundred Thousand Dollars ($500,000) or that would
reasonably be expected to have a Material Adverse Effect;

 

8.7
Subordinated Debt. If any Borrower and/or any of its Subsidiaries makes any payment on account of Subordinated Debt, except to
the extent the payment is allowed under any subordination agreement entered into with Bank;

 

8.8 Judgments;
Settlements. If one or more (a) judgments, orders, decrees or arbitration awards requiring any Borrower and/or any of its
Subsidiaries to pay an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or greater shall be rendered against any
Borrower and/or its Subsidiaries and the same shall not have been vacated or stayed within ten (10) days thereafter (provided that
no Credit Extensions will be made prior to such matter being vacated or stayed); or (b) settlements is agreed upon by any Borrower
and/or its Subsidiaries for the payment by any Borrower and/or its Subsidiaries of an aggregate amount of Two Hundred Fifty Thousand
Dollars ($250,000) or greater or that could reasonably be expected to have a Material Adverse Effect;

 

8.9
Misrepresentations. If any material misrepresentation or material misstatement exists now or hereafter in any warranty or representation
set forth herein or in any certificate delivered to Bank by any Responsible Officer pursuant to this Agreement or to induce Bank to enter
into this Agreement or any other Loan Document; or

 

8.10 Guaranty.
If any guaranty of all or a portion of the Obligations (a “Guaranty”) ceases for any reason to be in full force and
effect, or any guarantor fails to perform any obligation under any Guaranty or a security agreement securing any Guaranty
(collectively, the “Guaranty Documents”), or any event of default occurs under any Guaranty Document or any guarantor
revokes or purports to revoke a Guaranty, or any material misrepresentation or material misstatement exists now or hereafter in any
warranty or representation set forth in any Guaranty Document or in any certificate delivered to Bank in connection with any
Guaranty Document, or if any of the circumstances described in Sections 8.3 through 8.9 occur with respect to any guarantor, mutadis
mutandi.

 

    	Page 16

     

    

 

9.
BANK’S RIGHTS AND REMEDIES.

 

9.1 Rights
and Remedies. Upon the occurrence and during the continuance of an Event of Default, Bank may, at its election, without notice
of its election and without demand, do any one or more of the following, all of which are authorized by each Borrower:

 

(a)
Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, immediately due and payable
(provided that upon the occurrence of an Event of Default described in Section 8.5 (insolvency), all Obligations shall become immediately
due and payable without any action by Bank);

 

(b)
Demand that Borrowers (i) deposit cash with Bank in an amount equal to the amount of any outstanding Credit Card Services as collateral
security for the repayment of outstanding Credit Card Services, and (ii) pay in advance all Credit Card Services fees, and Borrowers
shall promptly deposit and pay such amounts;

 

(c)
Cease advancing money or extending credit to or for the benefit of Borrowers, or any of them, under this Agreement or under any other
agreement between Borrowers, or any of them, and Bank;

 

(d)
Settle or adjust disputes and claims directly with account debtors for amounts, upon terms and in whatever order that Bank reasonably
considers advisable;

 

(e)
Make such payments and do such acts as Bank considers necessary or reasonable to protect its security interest in the Collateral. Each
Borrower agrees to assemble the Collateral if Bank so requires, and to make the Collateral available to Bank as Bank may designate. Each
Borrower authorizes Bank to enter the premises where the Collateral is located, to take and maintain possession of the Collateral, or
any part of it, and to pay, purchase, contest, or compromise any encumbrance, charge, or lien which in Bank’s determination appears
to be prior or superior to its security interest and to pay all expenses incurred in connection therewith. With respect to a Borrower’s
owned premises, such Borrower hereby grants Bank a license to enter into possession of such premises and to occupy the same, without
charge, in order to exercise any of Bank’s rights or remedies provided herein, at law, in equity, or otherwise;

 

(f)
Set off and apply to the Obligations any and all (i) payments received by Bank (ii) balances and deposits of Borrowers, or any of them,
held by Bank, and (iii) indebtedness at any time owing to or for the credit or the account of Borrowers, or any of them, held by Bank;

 

(g)
Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell (in the manner provided for herein)
the Collateral. Bank is hereby granted a license or other right, solely pursuant to the provisions of this Section 9.1, to use, without
charge, each Borrower’s labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service
marks, and advertising matter, or any property of a similar nature, as it pertains to the Collateral, in completing production of, advertising
for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section 9.1, each Borrower’s
rights under all licenses and all franchise agreements shall inure to Bank’s benefit;

 

(h)
Sell the Collateral at either a public or private sale, or both, by way of one or more contracts or transactions, for cash or on terms,
in such manner and at such places (including a Borrower’s premises) as Bank determines is commercially reasonable, and apply any
proceeds to the Obligations in whatever manner or order Bank deems appropriate. Bank may sell the Collateral without giving any warranties
as to the Collateral. Bank may specifically disclaim any warranties of title or the like. This procedure will not be considered adversely
to affect the commercial reasonableness of any sale of the Collateral. If Bank sells any of the Collateral upon credit, Borrowers will
be credited only with payments actually made by the purchaser, received by Bank, and applied to the indebtedness of the purchaser. If
the purchaser fails to pay for the Collateral, Bank may resell the Collateral and Borrowers shall be credited with the proceeds of the
sale;

 

    	Page 17

     

    

 

(i)
Bank may credit bid and purchase at any public sale;

 

(j)
Apply for the appointment of a receiver, trustee, liquidator or conservator of the Collateral, without notice and without regard to the
adequacy of the security for the Obligations and without regard to the solvency of any Borrower, any guarantor or any other Person liable
for any of the Obligations; and

 

(k)
Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrowers.

 

Bank
may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will
not be considered adversely to affect the commercial reasonableness of any sale of the Collateral.

 

9.2 Power
of Attorney. Effective only upon the occurrence and during the continuance of an Event of Default, each Borrower hereby
irrevocably appoints Bank (and any of Bank’s designated officers, or employees) as such Borrower’s true and lawful
attorney to: (a) send requests for verification of Accounts or notify account debtors of Bank’s security interest in the
Accounts; (b) endorse such Borrower’s name on any checks or other forms of payment or security that may come into Bank’s
possession; (c) sign such Borrower’s name on any invoice or bill of lading relating to any Account, drafts against account
debtors, schedules and assignments of Accounts, verifications of Accounts, and notices to account debtors; (d) dispose of any
Collateral; (e) make, settle, and adjust all claims under and decisions with respect to such Borrower’s policies of insurance;
(f) settle and adjust disputes and claims respecting the accounts directly with account debtors, for amounts and upon terms which
Bank determines to be reasonable; (g) enter into a short-form intellectual property security agreement consistent with the terms of
this Agreement for recording purposes only or modify, in its sole discretion, any intellectual property security agreement entered
into between Borrowers, or any of them, and Bank without first obtaining such Borrower’s approval of or signature to such
modification by amending Exhibits A, B, and C, thereof, as appropriate, to include reference to any right, title or interest in any
Copyrights, Patents or Trademarks acquired by such Borrower after the execution hereof or to delete any reference to any right,
title or interest in any Copyrights, Patents or Trademarks in which such Borrower no longer has or claims to have any right, title
or interest; and (h) file, in its sole discretion, one or more financing or continuation statements and amendments thereto, relative
to any of the Collateral without the signature of such Borrower where permitted by law; provided Bank may exercise such power of
attorney to sign the name of such Borrower on any of the documents described in clauses (g) and (h) above, regardless of whether an
Event of Default has occurred. The appointment of Bank as each Borrower’s attorney in fact, and each and every one of
Bank’s rights and powers, being coupled with an interest, is irrevocable until all of the Obligations have been fully repaid
and performed and Bank’s obligation to provide advances hereunder is terminated.

 

9.3
Accounts Collection. At any time after the occurrence and during the continuation of an Event of Default, Bank may notify any
Person owing funds to any Borrower of Bank’s security interest in such funds and verify the amount of such Account. Each Borrower
shall collect all amounts owing to such Borrower for Bank, receive in trust all payments as Bank’s trustee, and immediately deliver
such payments to Bank in their original form as received from the account debtor, with proper endorsements for deposit.

 

9.4 Bank
Expenses. If Borrowers, or any of them, fail to pay any amounts or furnish any required proof of payment due to third persons or
entities, as required under the terms of this Agreement, then Bank may do any or all of the following after reasonable notice to
Borrowers: (a) make payment of the same or any part thereof; (b) set up such reserves under the Revolving Line as Bank deems
necessary to protect Bank from the exposure created by such failure; or (c) obtain and maintain insurance policies of the type
discussed in Section 6.5 of this Agreement, and take any action with respect to such policies as Bank deems prudent. Any amounts so
paid or deposited by Bank shall constitute Bank Expenses, shall be immediately due and payable, and shall bear interest at the then
applicable rate hereinabove provided, and shall be secured by the Collateral. Any payments made by Bank shall not constitute an
agreement by Bank to make similar payments in the future or a waiver by Bank of any Event of Default under this
Agreement.

 

    	Page 18

     

    

 

9.5 Bank’s
Liability for Collateral. Bank has no obligation to clean up or otherwise prepare the Collateral for sale. All risk of loss,
damage or destruction of the Collateral shall be borne by Borrowers.

 

9.6 No
Obligation to Pursue Others. Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other
Person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the
Obligations, all without affecting Bank’s rights against Borrowers, or any of them. Each Borrower waives any right it may have
to require Bank to pursue any other Person for any of the Obligations.

 

9.7 Remedies
Cumulative. Bank’s rights and remedies under this Agreement, the Loan Documents, and all other agreements shall be
cumulative. Bank shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in
equity. No exercise by Bank of one right or remedy shall be deemed an election, and no waiver by Bank of any Event of Default on any
Borrower’s part shall be deemed a continuing waiver. No delay by Bank shall constitute a waiver, election, or acquiescence by
it. No waiver by Bank shall be effective unless made in a written document signed on behalf of Bank and then shall be effective only
in the specific instance and for the specific purpose for which it was given. Each Borrower expressly agrees that this Section 9.7
may not be waived or modified by Bank by course of performance, conduct, estoppel or otherwise.

 

9.8
Demand; Protest. Except as otherwise provided in this Agreement, each Borrower waives demand, protest, notice of protest, notice
of default or dishonor, notice of payment and nonpayment and any other notices relating to the Obligations.

 

10.
NOTICES.

 

Unless
otherwise provided in this Agreement, all notices or demands by any party relating to this Agreement or any other agreement entered into
in connection herewith shall be in writing and (except for financial statements and other informational documents which may be sent by
first-class mail, postage prepaid) shall be personally delivered or sent by a recognized overnight delivery service, certified mail,
postage prepaid, return receipt requested, or by facsimile or email to Borrower or to Bank, as the case may be, at its addresses set
forth below:

 

	 	If
    to Borrowers:	c/o
    Interpace Biosciences, Inc.
	 	 	Morris
    Corporate Center 1, Building C
	 	 	300
    Interpace Parkway
	 	 	Parsippany,
    NJ 07054
	 	 	Attn:
    Thomas Freeburg, CFO
	 	 	FAX:
    (____) _______________
	 	 	Email:
    tfreeburg@interpace.com

 

	 	with
    a copy (which is not required to constitute notice  hereunder) to:	Troutman Pepper

                                                         875
    Third Avenue

                                                         New
    York, NY 10022

	 	 	Attn:
    Merrill Kraines

 

	 	If
    to Bank:	Comerica
    Bank
	 	 	M/C
    7578
	 	 	39200
    Six Mile Rd.
	 	 	Livonia,
    MI 48152
	 	 	Attn:
    National Documentation Services

 

    	Page 19

     

    

 

	 	with
    a copy to:	Comerica
    Bank
	 	 	300
    W. 6th Street, Suite 1950
	 	 	Austin,
    TX 78701
	 	 	Attn:
    Shane Merkord
	 	 	Email:
    sgmerkord@comerica.com

 

The
parties hereto may change the address at which they are to receive notices hereunder, by notice in writing in the foregoing manner given
to the other.

 

11.
CHOICE OF law, VENUE, and jurisdiction; JURY TRIAL WAIVER.

 

11.1
THE PARTIES HEREBY AGREE THAT THIS AGREEMENT AND ALL OTHER LOAN DOCUMENTS, INSTRUMENTS AND AGREEMENTS RELATED TO THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD TO ITS CONFLICTS OF LAW PROVISIONS.
BORROWER AND BANK EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY (I) CONSENTS AND SUBMITS TO THE SOLE AND EXCLUSIVE JURISDICTION OF ANY
STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF CALIFORNIA, AND ANY APPELLATE COURT THEREOF, (II) AGREES THAT ALL ACTIONS AND PROCEEDINGS
BASED UPON, ARISING OUT OF, RELATING TO OR OTHERWISE CONCERNING THIS AGREEMENT OR ANY OTHER DOCUMENT, INSTRUMENT OR AGREEMENT RELATED
TO THIS AGREEMENT, INCLUDING ALL CLAIMS FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, SHALL SOLELY AND EXCLUSIVELY BE BROUGHT, HEARD,
AND DETERMINED (LITIGATED) IN SUCH COURTS, (III) ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, THE SOLE AND EXCLUSIVE JURISDICTION
OF THE AFORESAID COURTS, (IV) WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED UPON THE GROUNDS OF FORUM
NON CONVENIENS, THAT IT MAY NOW OR HEREAFTER HAVE TO BRINGING OR MAINTAINING ANY SUCH ACTION OR PROCEEDING IN SUCH JURISDICTION, AND
(V) AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT, OR ANY SUCH OTHER DOCUMENT, INSTRUMENT OR
AGREEMENT. NOTHING HEREIN SHALL LIMIT THE RIGHT OF BANK TO BRING ANY ACTION OR PROCEEDING AGAINST BORROWER OR ITS PROPERTIES IN THE COURTS
OF ANY OTHER JURISDICTION IN CONNECTION WITH THE ENFORCEMENT OF ANY LIENS OR SECURITY INTERESTS IN FAVOR OF BANK ON ANY OF BORROWER’S
PROPERTIES OR ASSETS .

 

11.2
JURY TRIAL WAIVER. THE UNDERSIGNED ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED
UNDER CERTAIN CIRCUMSTANCES. TO THE EXTENT PERMITTED BY LAW, EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT)
WITH COUNSEL OF ITS, HIS OR HER CHOICE, KNOWINGLY AND VOLUNTARILY, AND FOR THE MUTUAL BENEFIT OF ALL PARTIES, WAIVES ANY RIGHT TO TRIAL
BY JURY IN THE EVENT OF LITIGATION ARISING OUT OF OR RELATED TO THIS AGREEMENT OR ANY OTHER DOCUMENT, INSTRUMENT OR AGREEMENT BETWEEN
THE UNDERSIGNED PARTIES.

 

12.
JUDICIAL REFERENCE PROVISION.

 

12.1
In the event the Jury Trial Waiver set forth above is not enforceable, the parties elect to proceed under this Judicial Reference Provision.

 

12.2
With the exception of the items specified in Section 12.3, below, any controversy, dispute or claim (each, a “Claim”) between
the parties arising out of or relating to this Agreement or any other document, instrument or agreement between the undersigned parties
(collectively in this Section, the “Loan Documents”), will be resolved by a reference proceeding in California in accordance
with the provisions of Sections 638 et seq. of the California Code of Civil Procedure (“CCP”), or their successor sections,
which shall constitute the exclusive remedy for the resolution of any Claim, including whether the Claim is subject to the reference
proceeding. Except as otherwise provided in the Loan Documents, venue for the reference proceeding will be in the state or federal court
in the county or district where the real property involved in the action, if any, is located or in the state or federal court in the
county or district where venue is otherwise appropriate under applicable law (the “Court”).

 

    	Page 20

     

    

 

12.3
The matters that shall not be subject to a reference are the following: (i) foreclosure of any security interests in real or personal
property, (ii) exercise of self-help remedies (including, without limitation, set-off), (iii) appointment of a receiver and (iv) temporary,
provisional or ancillary remedies (including, without limitation, writs of attachment, writs of possession, temporary restraining orders
or preliminary injunctions). This Judicial Reference Provision does not limit the right of any party to exercise or oppose any of the
rights and remedies described in clauses (i) and (ii) or to seek or oppose from a court of competent jurisdiction any of the items described
in clauses (iii) and (iv). The exercise of, or opposition to, any of those items does not waive the right of any party to a reference
proceeding pursuant to this Judicial Reference Provision as provided herein.

 

12.4
The referee shall be a retired judge or justice selected by mutual written agreement of the parties. If the parties do not agree within
ten (10) days of a written request to do so by any party, then, upon request of any party, the referee shall be selected by the Presiding
Judge of the Court (or his or her representative). A request for appointment of a referee may be heard on an ex parte or expedited basis,
and the parties agree that irreparable harm would result if ex parte relief is not granted. Pursuant to CCP § 170.6, each party
shall have one peremptory challenge to the referee selected by the Presiding Judge of the Court (or his or her representative).

 

12.5
The parties agree that time is of the essence in conducting the reference proceedings. Accordingly, the referee shall be requested, subject
to change in the time periods specified herein for good cause shown, to (i) set the matter for a status and trial-setting conference
within fifteen (15) days after the date of selection of the referee, (ii) if practicable, try all issues of law or fact within one hundred
twenty (120) days after the date of the conference and (iii) report a statement of decision within twenty (20) days after the matter
has been submitted for decision.

 

12.6
The referee will have power to expand or limit the amount and duration of discovery. The referee may set or extend discovery deadlines
or cutoffs for good cause, including a party’s failure to provide requested discovery for any reason whatsoever. Unless otherwise
ordered based upon good cause shown, no party shall be entitled to “priority” in conducting discovery, depositions may be
taken by either party upon seven (7) days written notice, and all other discovery shall be responded to within fifteen (15) days after
service. All disputes relating to discovery which cannot be resolved by the parties shall be submitted to the referee whose decision
shall be final and binding.

 

12.7
Except as expressly set forth herein, the referee shall determine the manner in which the reference proceeding is conducted including
the time and place of hearings, the order of presentation of evidence, and all other questions that arise with respect to the course
of the reference proceeding. All proceedings and hearings conducted before the referee, except for trial, shall be conducted without
a court reporter, except that when any party so requests, a court reporter will be used at any hearing conducted before the referee,
and the referee will be provided a courtesy copy of the transcript. The party making such a request shall have the obligation to arrange
for and pay the court reporter. Subject to the referee’s power to award costs to the prevailing party, the parties will equally
share the cost of the referee and the court reporter at trial.

 

12.8
The referee shall be required to determine all issues in accordance with existing case law and the statutory laws of the State of California.
The rules of evidence applicable to proceedings at law in the State of California will be applicable to the reference proceeding. The
referee shall be empowered to enter equitable as well as legal relief, enter equitable orders that will be binding on the parties and
rule on any motion which would be authorized in a court proceeding, including without limitation motions for summary judgment or summary
adjudication. The referee shall issue a decision at the close of the reference proceeding which disposes of all claims of the parties
that are the subject of the reference. Pursuant to CCP § 644, such decision shall be entered by the Court as a judgment or an order
in the same manner as if the action had been tried by the Court and any such decision will be final, binding and conclusive. The parties
reserve the right to appeal from the final judgment or order or from any appealable decision or order entered by the referee. The parties
reserve the right to findings of fact, conclusions of laws, a written statement of decision, and the right to move for a new trial or
a different judgment, which new trial, if granted, is also to be a reference proceeding under this provision.

 

    	Page 21

     

    

 

12.9
If the enabling legislation which provides for appointment of a referee is repealed (and no successor statute is enacted), any dispute
between the parties that would otherwise be determined by reference procedure will be resolved and determined by arbitration. The arbitration
will be conducted by a retired judge or justice, in accordance with the California Arbitration Act §1280 through §1294.2 of
the CCP as amended from time to time. The limitations with respect to discovery set forth above shall apply to any such arbitration proceeding.

 

12.10
THE PARTIES RECOGNIZE AND AGREE THAT ALL CONTROVERSIES, DISPUTES AND CLAIMS RESOLVED UNDER THIS JUDICIAL REFERENCE PROVISION WILL BE
DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF ITS, HIS OR HER OWN
CHOICE, EACH PARTY KNOWINGLY AND VOLUNTARILY, AND FOR THE MUTUAL BENEFIT OF ALL PARTIES, AGREES THAT THIS JUDICIAL REFERENCE PROVISION
WILL APPLY TO ANY CONTROVERSY, DISPUTE OR CLAIM BETWEEN OR AMONG THEM ARISING OUT OF OR IN ANY WAY RELATED TO, THIS AGREEMENT OR THE
OTHER LOAN DOCUMENTS.

 

13.
GENERAL PROVISIONS.

 

13.1 Successors
and Assigns . This Agreement shall bind and inure to the benefit of the respective successors and permitted assigns of each of
the parties and shall bind all persons who become bound as a debtor to this Agreement; provided, however, that neither this
Agreement nor any rights hereunder may be assigned by Borrowers, or any of them, without Bank’s prior written consent, which
consent may be granted or withheld in Bank’s sole discretion. Bank shall have the right without the consent of or notice to
any Borrower to sell, assign, transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s
obligations, rights and benefits hereunder.

 

13.2 INDEMNIFICATION
AND HOLD HARMLESS. WITHOUT LIMITING ANY OTHER PROVISIONS OF THIS AGREEMENT, EACH BORROWER AGREES TO INDEMNIFY AND HOLD BANK
HARMLESS FROM AND AGAINST ALL LOSSES, COSTS, DAMAGES, LIABILITIES AND EXPENSES, INCLUDING, WITHOUT LIMITATION, IN-HOUSE AND OUTSIDE
ATTORNEYS’ FEES AND DISBURSEMENTS, INCURRED BY BANK IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR
ANY LOANS OR TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OR BY REASON OF ANY DEFAULT OR EVENT OF DEFAULT, OR ENFORCING THE
OBLIGATIONS OF BORROWER OR ANY LOAN PARTY UNDER THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AS APPLICABLE, OR IN EXERCISING
ANY RIGHTS OR REMEDIES OF BANK OR IN THE PROSECUTION OR DEFENSE OF ANY ACTION OR PROCEEDING CONCERNING ANY MATTER GROWING OUT OF OR
CONNECTED WITH THIS AGREEMENT OR ANY OF THE LOAN DOCUMENTS; PROVIDED, HOWEVER, THAT THE FOREGOING SHALL NOT BE APPLICABLE, AND THE
BORROWER SHALL NOT BE LIABLE FOR ANY SUCH LOSSES, COSTS, DAMAGES, LIABILITIES OR EXPENSES, TO THE EXTENT (BUT ONLY TO THE EXTENT)
THE SAME ARISE OR RESULT FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF BANK OR ANY OF ITS AGENTS OR EMPLOYEES. THE PROVISIONS
OF THIS SECTION SHALL SURVIVE REPAYMENT OF THE INDEBTEDNESS AND SATISFACTION OF ALL OBLIGATIONS OF BORROWER TO BANK AND TERMINATION
OF THIS AGREEMENT.

 

13.3 Time
of Essence. Time is of the essence for the performance of all obligations set forth in this Agreement.

 

    	Page 22

     

    

 

13.4 Severability
of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for the purpose
of determining the legal enforceability of any specific provision.

 

13.5
Amendments in Writing, Integration. All amendments to or terminations of this Agreement or the other Loan Documents must be in
writing signed by the parties. All prior agreements, understandings, representations, warranties, and negotiations between the parties
hereto with respect to the subject matter of this Agreement and the other Loan Documents, if any, are merged into this Agreement and
the Loan Documents.

 

13.6
Counterparts. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts,
each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute
but one and the same Agreement.

 

13.7 Survival.
All covenants, representations and warranties made in this Agreement shall continue in full force and effect so long as any
Obligations remain outstanding or Bank has any obligation to make any Credit Extension to Borrowers, or any of them. The obligations
of Borrowers to indemnify Bank with respect to the expenses, damages, losses, costs and liabilities described in Section 13.2 shall
survive until all applicable statute of limitations periods with respect to actions that may be brought against Bank have
run.

 

13.8 Confidentiality.
In handling any confidential information, Bank and all employees and agents of Bank shall exercise the same degree of care that Bank
exercises with respect to its own proprietary information of the same types to maintain the confidentiality of any non-public
information thereby received or received pursuant to this Agreement except that disclosure of such information may be made (i) to
the parent, subsidiaries, or Affiliates and service providers of Bank, (ii) to prospective transferees, participants, or purchasers
of any interest in the Obligations, (iii) as required by law, regulations, rule or order, subpoena, judicial order or similar order,
(iv) as may be required in connection with the examination, audit or similar investigation of Bank, (v) to Bank’s accountants,
auditors and regulators, and (vi) as Bank may determine in connection with the enforcement of any remedies hereunder. Confidential
information hereunder shall not include information that either: (a) is in the public domain or in the knowledge or possession of
Bank when disclosed to Bank, or becomes part of the public domain after disclosure to Bank through no fault of Bank; or (b) is
disclosed to Bank by a third party, provided Bank does not have actual knowledge that such third party is prohibited from disclosing
such information.

 

13.9
Publicity. Bank may (i) disclose the name of Borrower and the existence of the credit facilities described herein in marketing,
promotions and advertising, including, without limitation, press releases, presentations, publications, interest websites, e-mails, and
internet advertisements, and (ii) display Borrower’s logo and/or trademark on its website and other marketing materials consistent
with Bank’s practices with respect to its loan portfolio.

 

13.10
[Reserved]

 

13.11
Electronic Signatures. The parties agree that this Agreement may be executed by electronic signatures. The parties further agree
that the electronic signature of a party to this Agreement shall be as valid as an original manually executed signature of such party
and shall be effective to bind such party to this Agreement, and that any electronically signed document (including this Agreement) shall
be deemed (i) to be “written” or “in writing,” and (ii) to have been “signed” or “duly executed”.
For purposes hereof, “electronic signature” means a manually-signed original signature that is then transmitted by electronic
means or a signature through an electronic signature technology platform. Bank may require original manually executed signatures.

 

13.12 Final
Agreement. This Agreement, together with the Loan Documents, entered into by and between Bank and Borrowers with respect to the subject
matter contained herein constitutes the entire understanding among the parties with respect to the subject matter hereof. This Agreement
supersedes any and all prior oral or written agreements relating to the subject matter hereof.

 

    	Page 23

     

    

 

 

	14.	CO-BORROWER
    PROVISIONS.

 

14.1 Primary
Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding
future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any
Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for
existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any
certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation
Disbursement Request Forms, Borrowing Base Certificates and Compliance Certificates. Furthermore, the successful operation of each
Borrower is dependent on the continued successful performance of the integrated group of Borrowers, such that each Borrower will
benefit from any Credit Extensions Bank makes to another Borrower.

 

14.2 Enforcement
of Rights. Borrowers are jointly and severally liable for the Obligations and Bank may proceed against one or more of the
Borrowers to enforce the Obligations without waiving its right to proceed against any of the other Borrowers.

 

14.3
Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and
receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions
on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This
authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

 

14.4 Subrogation
and Similar Rights. Notwithstanding any other provision of this Agreement or any other Loan Document, each Borrower irrevocably
waives all rights that it may have at law or in equity (including, without limitation, any law subrogating the Borrower to the
rights of Bank under the Loan Documents) to seek contribution, indemnification, or any other form of reimbursement from any other
Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations, for any payment made by
the Borrower with respect to the Obligations in connection with the Loan Documents or otherwise and all rights that it might have to
benefit from, or to participate in, any security for the Obligations as a result of any payment made by the Borrower with respect to
the Obligations in connection with the Loan Documents or otherwise. Any agreement providing for indemnification, reimbursement or
any other arrangement prohibited under this Section 14.4 shall be null and void. If any payment is made to a Borrower in
contravention of this Section 14.4, such Borrower shall hold such payment in trust for Bank and such payment shall be promptly
delivered to Bank for application to the Obligations, whether matured or unmatured.

 

14.5 Waivers
of Notice. Except as otherwise provided in this Agreement, each Borrower waives notice of acceptance hereof; notice of the
existence, creation or acquisition of any of the Obligations; notice of an Event of Default; notice of the amount of the Obligations
outstanding at any time; notice of intent to accelerate; notice of acceleration; notice of any adverse change in the financial
condition of any other Borrower or of any other fact that might increase the Borrower’s risk; presentment for payment; demand;
protest and notice thereof as to any instrument; default; and all other notices and demands to which the Borrower would otherwise be
entitled. Each Borrower waives any defense arising from any defense of any other Borrower, or by reason of the cessation from any
cause whatsoever of the liability of any other Borrower. Bank’s failure at any time to require strict performance by any
Borrower of any provision of the Loan Documents shall not waive, alter or diminish any right of Bank thereafter to demand strict
compliance and performance therewith. Nothing contained herein shall prevent Bank from foreclosing on the Lien of any deed of trust,
mortgage or other security instrument, or exercising any rights available thereunder, and the exercise of any such rights shall not
constitute a legal or equitable discharge of any Borrower. Each Borrower also waives any defense arising from any act or omission of
Bank that changes the scope of the Borrower’s risks hereunder.

 

    	Page 24

     

    

 

14.6
Subrogation Defenses. Each Borrower hereby waives any defense based on impairment or destruction of its subrogation or other
rights against any other Borrower and waives all benefits which might otherwise be available to it under California Civil Code
Sections 2799, 2808, 2809, 2810, 2815, 2819, 2820, 2821, 2822, 2838, 2839, 2845, 2847, 2848, 2849, 2850, 2899 and 3433 and
California Code of Civil Procedure Sections 580a, 580b, 580d and 726, as those statutory provisions are now in effect and hereafter
amended, and under any other similar statutes now and hereafter in effect.

 

14.7
Right to Settle, Release.

 

(a)
The liability of Borrowers hereunder shall not be diminished by (i) any agreement, understanding or representation that any of the Obligations
is or was to be guaranteed by another Person or secured by other property, or (ii) any release or unenforceability, whether partial or
total, of rights, if any, which Bank may now or hereafter have against any other Person, including another Borrower, or property with
respect to any of the Obligations.

 

(b)
Without affecting the liability of any Borrower hereunder, Bank may (i) compromise, settle, renew, extend the time for payment, change
the manner or terms of payment, discharge the performance of, decline to enforce, or release all or any of the Obligations with respect
to a Borrower, (ii) grant other indulgences to a Borrower in respect of the Obligations, (iii) modify in any manner any documents relating
to the Obligations with respect to a Borrower, (iv) release, surrender or exchange any deposits or other property securing the Obligations,
whether pledged by a Borrower or any other Person, or (v) compromise, settle, renew, or extend the time for payment, discharge the performance
of, decline to enforce, or release all or any obligations of any guarantor, endorser or other Person who is now or may hereafter be liable
with respect to any of the Obligations.

 

14.8 Subordination.
All indebtedness of a Borrower now or hereafter arising held by another Borrower is subordinated to the Obligations and the Borrower
holding the indebtedness shall take all actions reasonably requested by Lender to effect, to enforce and to give notice of such subordination.

 

14.9 Keepwell. Each
Borrower that is a Qualified Borrower at the time the guaranty, co-Borrower status (or incurrence of joint and several liability),
or the grant of a Lien under the Loan Documents, in each case, by any Specified Borrower becomes effective with respect to any Swap
Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other
support to each Specified Borrower with respect to such Swap Obligation as may be needed by such Specified Borrower from time to
time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the
maximum amount of such liability that can be hereby incurred without rendering such Qualified Borrower’s obligations and
undertakings under this Section 14 voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not
for any greater amount). The obligations and undertakings of each Qualified Borrower under this Section shall remain in full force
and effect until the Obligations have been indefeasibly paid and performed in full in cash. Each Borrower intends this Section to
constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or
other agreement” for the benefit of, each Specified Borrower for all purposes of the CEA.

 

[signatures
on following page]

 

    	Page 25

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written. Each Borrower also
acknowledges and agrees that Borrower’s electronic signature below indicates each Borrower’s agreement to, and intention
to be legally bound, by all of the terms and conditions of this Agreement.

 

	 	INTERPACE BIOSCIENCES, INC.
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE DIAGNOSTICS CORPORATION
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE DIAGNOSTICS, LLC
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE PHARMA SOLUTIONS, INC.
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	COMERICA BANK
	 	 	 
	 	By:	/s/
    Shane Merkord
	 	Name:	Shane
    Merkord
	 	Title:	Vice
    President

 

[Signature
Page to Loan and Security Agreement (17951611)] 

 

    	 

     

    

 

ANNEX
1 TO Loan and Security Agreement dated as of OCTOBER 13, 2021

 

 

	Entity	 	Legal
    Name	 	Borrower
    State	 	Borrower’s
    State Identification No.	 	Collateral
    Location(s)
	1.	 	Interpace
    Biosciences, Inc.

    
	 	Delaware	 	2821446	 	Morris
    Corporate Center 1, Building C, 300 Interpace Parkway, Parsippany, NJ 07054
	2.	 	Interpace
    Diagnostics Corporation

     
	 	Delaware	 	4354810	 	Morris
    Corporate Center 1, Building C, 300 Interpace Parkway, Parsippany, NJ 07054

     

    2515
    Liberty Avenue

    Pittsburgh,
    PA 15222

	3.	 	Interpace
    Diagnostics, LLC

     
	 	Delaware	 	5448700	 	Morris
    Corporate Center 1, Building C, 300 Interpace Parkway, Parsippany, NJ 07054
	4.	 	Interpace
    Pharma Solutions, Inc.

     
	 	Delaware	 	7483410	 	Morris
    Corporate Center 1, Building C, 300 Interpace Parkway, Parsippany, NJ 07054

     

    133
    Southcenter Court, Suite 400

    Morrisville,
    NC 27560

 

    	 

     

    

 

EXHIBIT
A

 

DEFINITIONS

 

“Accounts”
mean all presently existing and hereafter arising accounts, contract rights, payment intangibles and all other forms of obligations owing
to any Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology)
or the rendering of services by any Borrower and any and all credit insurance, guaranties, and other security therefor, as well as all
merchandise returned to or reclaimed by any Borrower and each Borrower’s Books relating to any of the foregoing.

 

“Advance”
or “Advances” mean a cash advance or cash advances under the Revolving Line.

 

“Affiliate”
means, with respect to any Person, any Person that owns or controls directly or indirectly such Person, any Person that controls or is
controlled by or is under common control with such Person, and each of such Person’s senior executive officers, directors, and
partners.

 

“Applicable
Margin” means one half of one percent (0.50%) per annum.

 

“Bank
Expenses” mean all costs or expenses of Bank, or any other holder or owner of the Loan Documents (including, without limit, court
costs, legal expenses and reasonable attorneys’ fees and expenses, whether generated in-house or by outside counsel, whether or
not suit is instituted, and, if suit is instituted, whether at trial court level, appellate court level, in a bankruptcy, probate or
administrative proceeding or otherwise) incurred in connection with the preparation, negotiation, execution, delivery, amendment, administration,
and performance, or incurred in collecting, attempting to collect under the Loan Documents or the Obligations, or incurred in defending
the Loan Documents, or incurred in any other matter or proceeding relating to the Loan Documents or the Obligations; and reasonable Collateral
audit fees.

 

“Board
of Directors” means the Board of Directors of Borrower.

 

“Borrower
State” means, with respect to any Borrower, the state under whose laws such Borrower is organized, as listed on Annex 1
attached to the Agreement.

 

“Borrower’s
Books” mean all of each Borrower’s books and records including: ledgers; records concerning such Borrower’s assets
or liabilities, the Collateral, business operations or financial condition; and all computer programs, or tape files, and the equipment,
containing such information.

 

“Borrowing
Base” means, as of any date of determination, an amount equal to the sum of the following, without duplication: (a) the Non-Formula
Amount, plus (b) eighty percent (80%) of Eligible Accounts, all as determined by Bank, with reference to the most recent Borrowing Base
Certificate delivered by Borrowers or from other information then available to Bank including information obtained from working capital
or other similar audits conducted by or on behalf of Bank; less such reserves as may be established by Bank in its good faith credit
judgment, from time to time; provided, that the advance rate above and the definitions of Borrowing Base and Eligible Accounts set forth
herein are subject to adjustment by Bank after the Closing Date, in its sole good faith discretion, based on its audits and examinations
of the Collateral.

 

“Borrowing
Base Certificate” means the certificate substantially in the form attached hereto as Exhibit C.

 

“Business
Day” means any day, other than a Saturday, Sunday or any other day designated as a holiday under Federal or applicable State statute
or regulation, on which Bank is open for all or substantially all of its domestic and international business (including dealings in foreign
exchange) in San Jose, California, and, in respect of notices and determinations relating the Daily Adjusting LIBOR Rate, also a day
on which dealings in dollar deposits are also carried on in the London interbank market and on which banks are open for business in London,
England.

 

    	Exhibit A - Page 1

     

    

 

“Cash”
means unrestricted cash and cash equivalents.

 

“Cash
Burn” means an amount equal to the prior month’s ending Cash minus the current month’s ending Cash that has been adjusted
for any changes to Cash as a result of borrowings and repayments of borrowings, proceeds from the sale of Equity Interests and the exercise
of any options or warrants, paid-in-capital and minority interest, financial debt, equity and/or paid-in-capital and capital expenditures
financed under a capital lease.

 

“CEA”
means the Commodity Exchange Act.

 

“Change
in Control” shall mean any transaction or series of related transactions in which any “person” or “group”
(within the meaning of Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) becomes the “beneficial owner”
(as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of a sufficient number of shares of all
classes of Equity Interests then outstanding of any Borrower ordinarily entitled to vote in the election of directors, empowering such
“person” or “group” to elect a majority of the Board of Directors of such Borrower, who did not have such power
before such transaction.

 

“Change
in Law” means the occurrence, after the date hereof, of any of the following: (i) the adoption or introduction of, or any change
in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether or not applicable
to Bank on such date, or (ii) any change in interpretation, administration or implementation thereof of any such law, treaty, rule or
regulation by any Governmental Authority, or (iii) the issuance, making or implementation by any Governmental Authority of any interpretation,
administration, request, regulation, guideline, or directive (whether or not having the force of law), including without limitation,
any risk-based capital guidelines or any interpretation, administration, request, regulation, guideline, or directive relating to liquidity.
For purposes of this definition, (x) a change in law, treaty, rule, regulation, interpretation, administration or implementation shall
include, without limitation, any change made or which becomes effective on the basis of a law, treaty, rule, regulation, interpretation
administration or implementation then in force, the effective date of which change is delayed by the terms of such law, treaty, rule,
regulation, interpretation, administration or implementation, and (y) the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub.
L. 111-203, H.R. 4173) and all requests, rules, regulations, guidelines, interpretations or directives promulgated thereunder or issued
in connection therewith shall be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or promulgated,
whether before or after the date hereof, and (z) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities,
in each case pursuant to Basel III, shall each be deemed to be a “Change in Law,” regardless of the date enacted, adopted,
issued or implemented.

 

“Closing
Date” means the date of this Agreement.

 

“Code”
means the California Uniform Commercial Code as amended or supplemented from time to time.

 

“Collateral”
means the property described on Exhibit B attached hereto and all Negotiable Collateral and Intellectual Property Collateral to
the extent not described on Exhibit B, except to the extent any such property (i) is nonassignable by its terms without the consent
of the licensor thereof or another party (but only to the extent such prohibition on transfer is enforceable under applicable law, including,
without limitation, Sections 9406 and 9408 of the Code), or (ii) the granting of a security interest therein is contrary to applicable
law, provided that upon the cessation of any such restriction or prohibition, such property shall automatically become part of the Collateral.

 

    	Exhibit A - Page 2

     

    

 

“Contingent
Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect
to (i) any indebtedness, lease, dividend, letter of credit or other obligation of another, including, without limitation, any such obligation
directly or indirectly guaranteed, endorsed, co-made or discounted or sold with recourse by that Person, or in respect of which that
Person is otherwise directly or indirectly liable; (ii) any obligations with respect to undrawn letters of credit, corporate credit cards
or merchant services issued or provided for the account of that Person; and (iii) all obligations arising under any interest rate, currency
or commodity swap agreement, interest rate cap agreement, interest rate collar agreement, or other agreement or arrangement designed
to protect such Person against fluctuation in interest rates, currency exchange rates or commodity prices; provided, however, that the
term “Contingent Obligation” shall not include endorsements for collection or deposit in the ordinary course of business.
The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determined amount of the primary obligation
in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability
in respect thereof as determined by Bank in good faith; provided, however, that such amount shall not in any event exceed the maximum
amount of the obligations under the guarantee or other support arrangement.

 

“Copyrights”
mean any and all copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and
derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now or hereafter
existing, created, acquired or held.

 

“Credit
Card Services Sublimit” means a sublimit for corporate credit cards and e-commerce or merchant account services under the Revolving
Line not to exceed Three Hundred Thousand Dollars ($300,000).

 

“Credit
Extension” means each Advance, or any other extension of credit by Bank to or for the benefit of Borrowers, or any of them, hereunder.

 

“Daily
Adjusting LIBOR Rate” means, for any day, a per annum interest rate which is equal to the quotient of the following:

 

	 	(1)	for
    any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal
    to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service at or about 11:00 a.m. (London, England
    time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately preceding Business
    Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise
    on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be determined by reference to such other
    publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or in the absence of such other
    service, the “Daily Adjusting LIBOR Rate” for such day shall, instead, be determined based upon the average of the rates
    at which Bank is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical), on
    such day, or if such day is not a Business Day, on the immediately preceding Business Day, in the interbank eurodollar market in
    an amount comparable to the applicable principal amount of the Obligations hereunder which is to bear interest on the basis of the
    Daily Adjusting LIBOR Rate and for a period equal to one (1) month;

 

divided
by

 

	 	(2)	1.00
    minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency
    Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such
    regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which
    includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are
    required to be maintained on such category;

 

    	Exhibit A - Page 3

     

    

 

provided,
however, and notwithstanding anything to the contrary set forth in this Agreement, if at any time the Daily Adjusting LIBOR Rate
determined as provided above would be less than zero percent (0%) then the Daily Adjusting LIBOR Rate shall be deemed to be zero percent
(0%) per annum for all purposes of this Agreement (the “Daily Adjusting LIBOR 0% Floor”). Each calculation by Bank of the
Daily Adjusting LIBOR Rate shall be conclusive and binding for all purposes, absent manifest error.

 

“Dollars”
mean lawful money of the United States.

 

“Eligible
Accounts” means, with respect to any Borrower, those Accounts that arise in the ordinary course of such Borrower’s business
that comply with all of such Borrower’s representations and warranties to Bank set forth in Section 5.3; provided, that Bank may
change the standards of eligibility in its reasonable credit judgment by giving such Borrower thirty (30) days prior written notice.
Notwithstanding anything to the contrary set forth herein, a Person that becomes a Borrower hereunder after the Closing Date shall not
have its Accounts eligible to be considered Eligible Accounts until Bank has received an audit of such new Borrower’s Accounts
with results satisfactory to Bank. Unless otherwise agreed to by Bank, Eligible Accounts shall not include the following:

 

(a)
Accounts that the account debtor has failed to pay in full within one twenty (120) days of invoice date;

 

(b)
Credit balances over one twenty (120) days;

 

(c)
Accounts (other than Medicare Accounts) with respect to an account debtor, including Subsidiaries and Affiliates of such account debtor,
whose total obligations to Borrowers, or any one of them, exceed twenty-five percent (25%) of all Accounts, to the extent such obligations
exceed the aforementioned percentage, except as approved in writing by Bank;

 

(d)
Accounts with respect to which the account debtor does not have its principal place of business in the United States, except for Eligible
Foreign Accounts;

 

(e)
Accounts (other than Medicare Accounts) with respect to which the account debtor is the United States of America or any state or political
subdivision thereof, or by any department, agency, public body corporate or other instrumentality of the foregoing, unless all necessary
steps are taken to comply with the Assignment of Claims Act of 1940 (31 U.S.C. 3727), as amended, or with any comparable state or local
law, if applicable, and all other necessary steps are taken to perfect Bank’s security interest in such Account;

 

(f)
Accounts with respect to which such Borrower is liable to the account debtor for goods sold or services rendered by the account debtor
to such Borrower, but only to the extent of any amounts owing to the account debtor against amounts owed to such Borrower;

 

(g)
Accounts with respect to which goods are placed on consignment, guaranteed sale, sale or return, sale on approval, bill and hold, demo
or promotional, or other terms by reason of which the payment by the account debtor may be conditional;

 

(h)
Accounts with respect to which the account debtor is an individual, officer, employee, agent or Affiliate of such Borrower;

 

(i)
Accounts that are billed in advance, payable on delivery, have not yet been billed to the account debtor, progress billings, or that
relate to deposits (such as good faith deposits) or other property of the account debtor held by such Borrower for the performance of
services or delivery of goods which such Borrower has not yet performed or delivered;

 

    	Exhibit A - Page 4

     

    

 

(j)
Accounts with respect to which the account debtor disputes liability or makes any claim with respect thereto as to which Bank believes,
in its sole discretion, that there may be a basis for dispute (but only to the extent of the amount subject to such dispute or claim),
or is subject to any Insolvency Proceeding, or becomes insolvent, or goes out of business;

 

(k)
Accounts the collection of which Bank reasonably determines after inquiry and consultation with such Borrower to be doubtful; and

 

(l)
Retentions and hold-backs.

 

“Eligible
Foreign Accounts” means, with respect to any Borrower, those Accounts (i) with respect to which the account debtor does not have
its principal place of business in the United States and is not located in an OFAC sanctioned country, (ii) that are (a) supported by
one or more letters of credit in an amount and of a tenor, and issued, advised and/or confirmed by a financial institution, acceptable
to Bank, (b) insured by the Export Import Bank of the United States, (c) generated by an account debtor with its principal place of business
in Canada, provided that the Bank has perfected its security interest in the appropriate Canadian province, or (d) approved by Bank on
a case-by-case basis, and (iii) that otherwise meet the definition of Eligible Accounts, other than clause (e). All Eligible Foreign
Accounts must be calculated in U.S. Dollars.

 

“Environmental
Laws” mean all laws, rules, regulations, orders and the like issued by any federal, state, municipal, local foreign or other governmental
or quasi-governmental authority or any agency pertaining to the environment or to any hazardous materials or wastes, toxic substances,
flammable, explosive or radioactive materials, asbestos or other similar materials.

 

“Equipment”
means all present and future machinery, equipment, tenant improvements, furniture, fixtures, vehicles, tools, parts and attachments in
which a Borrower has any interest.

 

“Equity
Interests” mean, with respect to any Person, the capital stock, partnership, membership or limited liability company interest,
or other equity securities or equity ownership interest of such Person.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and the regulations thereunder.

 

“Event
of Default” has the meaning assigned in Article 8.

 

“Excluded
Swap Obligation” means, with respect to any given Borrower, any Swap Obligation, if, and to the extent that, all or a portion of
the guarantee of by such Borrower of, the grant by such Borrower of a security interest to secure, or such Borrower being jointly and
severally liable (or acting as a co-borrower hereunder) with respect to, such Swap Obligation (or any guarantee thereof) is or becomes
illegal under the CEA, or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation
of any thereof), by virtue of such Borrower’s failure for any reason to constitute an “eligible contract participant,”
as defined in Section 1a(18) of the CEA and the regulations thereunder, at the time such guarantee, joint and several liability, co-borrower
status, or such security interest grant becomes effective with respect to such related Swap Obligation (such determination being made
after giving effect to any applicable keepwell, support, or other agreement for the benefit of the applicable Borrower). If any such
Swap Obligation arises under a master agreement governing more than one swap, the foregoing exclusion shall apply only to those Swap
Obligations that are attributable to swaps in respect of which such other Borrower’s guaranteeing of, or such other Borrower’s
granting of a security interest or lien to secure, or such other Borrower being a co-borrower or jointly and severally liable with respect
to, such swaps is or becomes illegal.

 

“GAAP”
means generally accepted accounting principles, consistently applied, as in effect from time to time in the United States of America.

 

    	Exhibit A - Page 5

     

    

 

“Government
Account Debtor” means the United States government or a political subdivision thereof, or any state, county or municipality or
department, agency or instrumentality thereof, that is responsible for payment of a receivable under any Government Reimbursement Program,
or any agent, administrator, intermediary or carrier for the foregoing.

 

“Government
Reimbursement Program” means (a) Medicare, (b) Medicaid, (c) the Federal Employees Health Benefit Program under 5 U.S.C. §§
8902 et seq., (d) TRICARE, CHAMPUS / CHAMPVA, (e) any other federal or state health care program, or (f) if applicable within the context
of this Agreement, any agent, administrator, administrative contractor, intermediary or carrier for any of the foregoing.

 

“Governmental
Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including, without limitation,
any supranational bodies such as the European Union or the European Central Bank).

 

“Health
Care Laws” means, collectively, any and all federal, state or local laws, rules, regulations, orders and legally-binding administrative
manuals and guidelines relating to any of the following to the extent applicable: (a) fraud and abuse (including but not limited to the
following statutes, as amended, modified or supplemented from time to time and any successor statutes thereto and regulations promulgated
from time to time thereunder: the federal Anti-Kickback Statute (42 U.S.C. § 1320a-7b(b)), the Stark Law (42 U.S.C. § 1395nn
and §1395(q)), the civil False Claims Act (31 U.S.C. § 3729 et seq.), the federal health care program exclusion provisions
(42 U.S.C. § 1320a-7), the Civil Monetary Penalties Act (42 U.S.C. § 1320a-7a), the Medicare Prescription Drug, Improvement,
and Modernization Act of 2003 (Pub. L. No. 108-173), and applicable state anti-kickback and state self-referral prohibitions); (b) any
Government Reimbursement Program; (c) the licensure, certificate, and/or regulation of health care providers, suppliers, professionals,
facilities, Risk-Bearing Organizations or payors; (d) the provision of, or payment for, medical services, items or supplies; (e) quality,
safety certification and accreditation standards and requirements; (f) the billing, coding or submission of claims or collection of accounts
receivable or refund of overpayments; (g) the Health Insurance Portability and Accountability Act of 1996 (Pub. L. No. 104-191) and the
Health Information Technology for Economic and Clinical Health Act (Title XIII) of the American Recovery and Reinvestment Act of 2009
and the regulations promulgated thereunder (collectively, “HIPAA”), and the HIPAA Security and Privacy Requirements
codified at 45 C.F.R. Parts 160 and 164 and all other laws and regulations regarding confidentiality, security, or privacy (including
state data breach laws) relating to Personal Information; (h) the practice of medicine and other health care professions or the organization
of medical or professional entities, including without limitation all applicable state corporate practice of medicine requirements; (i)
all applicable professional standards regulating professionals, facilities (including but not limited to retail clinics and complex care
clinics), Risk-Bearing Organizations or payors; (j) fee-splitting prohibitions; (k) health planning or rate-setting laws, including laws
regarding certificates of need and certificates of exemption; (l) Risk-Bearing Organizations, including antitrust laws governing the
sharing of substantial financial risk by participating health care providers of a provider network and laws governing network adequacy,
solvency, minimum net worth and capital requirements pertaining to shared risk, professional capitation and global capitation structures;
(m) independent practice associations, provider networks, and any other intermediary entity representing or contracting on behalf of
licensed health care providers; and (n) any and all other applicable federal, state or local health care laws, rules, codes, regulations,
ordinances, professional or ethical rules, orders and legally-binding administrative manuals and guidelines, as the same may be amended,
modified or supplemented from time to time.

 

“Indebtedness”
means (a) all indebtedness for borrowed money or the deferred purchase price of property or services, including without limitation reimbursement
and other obligations with respect to surety bonds and letters of credit, (b) all obligations evidenced by notes, bonds, debentures or
similar instruments, (c) all capital lease obligations, (d) all Contingent Obligations, and (e) all obligations arising under the Credit
Card Services Sublimit.

 

    	Exhibit A - Page 6

     

    

 

“Insolvency
Proceeding” means any proceeding commenced by or against any Person or entity under any provision of the United States Bankruptcy
Code, as amended, or under any other bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal
moratoria, compositions, extension generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.

 

“Intellectual
Property Collateral” means, with respect to each Borrower, all of such Borrower’s right, title, and interest in and to the
following:

 

(a)
Copyrights, Trademarks and Patents;

 

(b)
Any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or hereafter
existing, created, acquired or held;

 

(c)
Any and all design rights which may be available to such Borrower now or hereafter existing, created, acquired or held;

 

(d)
Any and all claims for damages by way of past, present and future infringement of any of the rights included above, with the right, but
not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights identified above;

 

(e)
All licenses or other rights to use any of the Copyrights, Patents or Trademarks, and all license fees and royalties arising from such
use to the extent permitted by such license or rights;

 

(f)
All amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents; and

 

(g)
All proceeds and products of the foregoing, including without limitation all payments under insurance or any indemnity or warranty payable
in respect of any of the foregoing.

 

“Inventory”
means all present and future inventory in which a Borrower has any interest.

 

“Investment”
means any beneficial ownership (including Equity Interests) of any Person, or any loan, advance or capital contribution to any Person.

 

“IRC”
means the Internal Revenue Code of 1986, as amended, and the regulations thereunder.

 

“Lien”
means any mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance.

 

“Liquidity”
the sum of Cash plus the net amount of Credit Extensions available under the Revolving Line.

 

“Loan
Documents” mean, collectively, this Agreement, any guaranty, any note or notes executed by Borrowers, or any of them, and any other
document, instrument or agreement entered into in connection with this Agreement, other than any Warrant, all as amended or extended
from time to time.

 

“Material
Adverse Effect” means (i) a material adverse change in the Borrowers’ business or financial condition, taken as a whole,
(ii) a material impairment in the prospect of repayment of all or any portion of the Obligations or in otherwise performing any Borrowers’
obligations under the Loan Documents (taken as a whole), or (iii) a material impairment in the perfection, value or priority of Bank’s
security interests in the Collateral.

 

“Medicare
Accounts” mean, with respect to any Borrower, Accounts with respect to which the account debtor is the United States government
in connection with goods or services provided a Borrower that are covered and reimbursable under the Medicare program (Title XVIII of
the Social Security Act, as amended).

 

    	Exhibit A - Page 7

     

    

 

“Negotiable
Collateral” means, with respect to any Borrower, all of such Borrower’s present and future letters of credit of which it
is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and such Borrower’s
Books relating to any of the foregoing.

 

“Non-Formula
Amount” means, initially, Two Million Dollars ($2,000,000). The Non-Formula Amount will decrease by Two Hundred Fifty Thousand
Dollars ($250,000) per quarter, commencing with the quarter ending June 30, 2022.

 

“Obligations”
mean all debt, principal, interest, Bank Expenses and other amounts owed to Bank by Borrowers, or any of them, pursuant to this Agreement
or any other agreement, whether absolute or contingent, due or to become due, now existing or hereafter arising, including any interest
that accrues after the commencement of an Insolvency Proceeding and including any debt, liability, or obligation owing from Borrowers,
or any of them, to others that Bank may have obtained by assignment or otherwise The term “Obligations” as applied to any
particular Borrower shall not include any Excluded Swap Obligation with respect to such Borrower.

 

“Patents”
mean all patents, patent applications and like protections including without limitation improvements, divisions, continuations, renewals,
reissues, extensions and continuations-in-part of the same.

 

“Periodic
Payments” mean all installments or similar recurring payments that a Borrower may now or hereafter become obligated to pay to Bank
pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrowers, or any of them,
and Bank.

 

“Permitted
Acquisition” shall mean any acquisition by a Borrower or any of its Subsidiaries of all or substantially all of the assets of another
Person, or of a division or line of business of another Person, or any Equity Interests of another Person which satisfies and/or is conducted
in accordance with the following requirements:

 

(a)
such acquisition is of a business that is in the same line of business as a Borrower;

 

(b)
if such acquisition is structured as an acquisition of the Equity Interests of any Person, then the Person so acquired shall become a
wholly-owned direct Subsidiary of such Borrower or of its Subsidiary and such Borrower or the applicable Subsidiary shall cause such
acquired Person to comply with Section 6.11 hereof or be merged with and into such Borrower or such Subsidiary (and, in the case of such
Borrower, with such Borrower being the surviving entity);

 

(c)
if such acquisition is structured as the acquisition of assets, such assets shall be acquired directly by such Borrower or such Subsidiary
and shall be free and clear of all liens;

 

(d)
such Borrower shall have delivered to Bank not less than fifteen (15) (or such shorter period of time agreed to by Bank) nor more than
ninety (90) days prior to the closing date of such acquisition, notice of such acquisition together with true, correct and complete copies
of: Pro Forma Projected Financial Information, copies of all material documents relating to such acquisition (including the acquisition
agreement and all related documents), and historical financial information (including income statements, balance sheets and cash flows)
covering at least three (3) complete fiscal years of the acquisition target, if available, and a quality of earnings report, in form
and from a third party satisfactory to date;

 

(e)
such Borrower shall have delivered to Bank a pro forma compliance certificate reflecting such Borrower’s compliance with all financial
covenants both immediately before and after the consummation of such acquisition; and

 

    	Exhibit A - Page 8

     

    

 

(f)
the board of directors (or other Person(s) exercising similar functions) of the seller of the assets or issuer of the Equity Interests
being acquired shall not have disapproved such transaction or recommended that such transaction be disapproved.

 

“Permitted
Indebtedness” means:

 

(a)
Indebtedness of Borrowers, or any of them, in favor of Bank arising under this Agreement or any other Loan Document;

 

(b)
Indebtedness existing on the Closing Date and disclosed in the Schedule;

 

(c)
Indebtedness of Borrowers, or any of them, individually or in the aggregate not to exceed One Hundred Thousand Dollars ($100,000) in
any fiscal year of Parent the aggregate secured by a lien described in clause (c) of the defined term “Permitted Liens,”
provided such Indebtedness does not exceed the lesser of the cost or fair market value of the equipment financed with such Indebtedness;

 

(d)
Subordinated Debt;

 

(e)
Indebtedness to trade creditors incurred in the ordinary course of business;

 

(f)
Indebtedness that constitutes a Permitted Investment;

 

(g)
Indebtedness between or among Borrowers; and

 

(h)
Extensions, refinancings and renewals of any items of Permitted Indebtedness, provided that the principal amount is not increased or
the terms modified to impose more burdensome terms upon the applicable Borrower or its Subsidiary, as the case may be.

 

“Permitted
Investments” mean:

 

(a)
Investments existing on the Closing Date disclosed in the Schedule;

 

(b)
(i) Marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof maturing
within one (1) year from the date of acquisition thereof, (ii) commercial paper maturing no more than one (1) year from the date of creation
thereof and currently having rating of at least A-2 or P-2 from either Standard & Poor’s Rating Service or Moody’s Investors
Service, Inc., (iii) Bank’s certificates of deposit maturing no more than one (1) year from the date of investment therein, and
(iv) Bank’s money market accounts and deposit accounts;

 

(c)
Repurchases of Equity Interests from former employees, directors or consultants of a Borrower under the terms of applicable equity repurchase
agreements (i) in an aggregate with all other Borrowers, not to exceed One Hundred Thousand Dollars ($100,000) in any fiscal year of
Parent, provided that no Event of Default has occurred, is continuing or would exist after giving effect to the repurchases, or (ii)
in any amount where the consideration for the repurchase is the cancellation of indebtedness owed by such former employees, directors
or consultants to a Borrower regardless of whether an Event of Default exists;

 

(d)
Investments accepted in connection with Permitted Transfers;

 

(e)
(i) Investments between or among Borrowers and (ii) Investments of Subsidiaries in or to other Subsidiaries or a Borrower and Investments
by a Borrower in Subsidiaries not to exceed in aggregate with all other Borrowers, One Hundred Thousand Dollars ($100,000) in the aggregate
in any fiscal year;

 

    	Exhibit A - Page 9

     

    

 

(f)
Investments not to exceed in aggregate with all other Borrowers, One Hundred Thousand Dollars ($100,000) in the aggregate in any fiscal
year consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of
business, and (ii) loans to employees, officers or directors relating to the purchase of Equity Interests of a Borrower or its Subsidiaries
pursuant to employee equity purchase agreements approved by such Borrower’s Board of Directors; provided that any repayment of
such loans or advances will not reset the amount for the applicable fiscal year;

 

(g)
Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of a Borrower’s
business;

 

(h)
Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business, provided that this subparagraph (h) shall not apply to Investments of a Borrower in any
Subsidiary; and

 

(i)
Joint ventures or strategic alliances in the ordinary course of a Borrower’s business consisting of the non-exclusive licensing
of technology, the development of technology or the providing of technical support, provided that any cash Investments by a Borrower
do not exceed individually or in the aggregate with all other Borrowers, One Hundred Thousand Dollars ($100,000) in the aggregate in
any fiscal year of Parent.

 

“Permitted
Liens” mean:

 

(a)
Any Liens existing on the Closing Date and disclosed in the Schedule (excluding Liens to be satisfied with the proceeds of the Advances)
or arising under this Agreement or the other Loan Documents;

 

(b)
Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by
appropriate proceedings and for which the applicable Borrower maintains adequate reserves, provided the same have no priority over any
of Bank’s security interests;

 

(c)
Liens securing Indebtedness not to exceed in the aggregate with all other Borrowers, One Hundred Thousand Dollars ($100,000) in the aggregate
(i) upon or in any Equipment (other than Equipment financed by an Equipment Advance) acquired or held by a Borrower or any of its Subsidiaries
to secure the purchase price of such Equipment or indebtedness incurred solely for the purpose of financing the acquisition or lease
of such Equipment, or (ii) existing on such Equipment at the time of its acquisition, provided that the Lien is confined solely to the
property so acquired and improvements thereon, and the proceeds of such Equipment;

 

(d)
Liens incurred in connection with the extension, renewal or refinancing of the indebtedness secured by Liens of the type described in
clauses (a) through (c) above, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by
the existing Lien and the principal amount of the indebtedness being extended, renewed or refinanced does not increase;

 

(e)
Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Sections 8.4 (attachment)
or 8.8 (judgments/settlements);

 

(f)
Subject to Section 6.6, Liens in favor of other financial institutions arising in connection with a Borrower’s deposit accounts
held at such institutions to secure standard fees for deposit services charged by, but not financing made available by such institutions,
provided that Bank has a perfected security interest in the amounts held in such deposit accounts;

 

    	Exhibit A - Page 10

     

    

 

(g)
Liens in favor of Ampersand 2018 Limited Partnership, a Delaware limited partnership and 1315 Capital II, L.P., a Delaware limited partnership,
that are expressly subordinate in priority to any and all liens, security interests and mortgages in favor of Bank pursuant to the terms
of a subordination agreement executed and delivered unto, and acceptable to, Bank; and

 

(h)
Other Liens securing obligations not to exceed One Hundred Thousand Dollars ($100,000) at any time outstanding.

 

“Permitted
Transfer” means the conveyance, sale, lease, transfer or disposition by a Borrower or any Subsidiary of:

 

(a)
Inventory in the ordinary course of business;

 

(b)
Non-exclusive licenses and similar arrangements for the use of the property of such Borrower or its Subsidiaries in the ordinary course
of business;

 

(c)
Worn-out, obsolete, or surplus Equipment;

 

(d)
Transfers that are explicitly permitted by Section 7; or

 

(e)
Other assets of a Borrower or its Subsidiaries that do not in the aggregate exceed One Hundred Thousand Dollars ($100,000) during any
fiscal year.

 

“Person”
means any individual, sole proprietorship, partnership, limited liability company, joint venture, trust, unincorporated organization,
association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or governmental agency.

 

“Prime
Rate” means the per annum interest rate established by Bank as its prime rate for its borrowers, as such rate may vary from time
to time, which rate is not necessarily the lowest rate on loans made by Bank at any such time.

 

“Prime
Referenced Rate” means, for any day, a per annum interest rate which is equal to the Prime Rate in effect on such day, but in no
event and at no time shall the Prime Referenced Rate be less than the sum of the Daily Adjusting LIBOR Rate for such day plus two and
one-half percent (2.50%) per annum. If, at any time, Bank determines that it is unable to determine or ascertain the Daily Adjusting
LIBOR Rate for any day, the Prime Referenced Rate for each such day shall be the Prime Rate in effect at such time, but not less than
two and one-half percent (2.50%) per annum.

 

“Parent”
has the meaning assigned to such term in the opening paragraph of this Agreement.

 

“Pro
Forma Projected Financial Information” shall mean, as to any proposed acquisition, a statement executed by such Borrower (supported
by reasonable detail) setting forth the total consideration to be paid or incurred in connection with the proposed acquisition, and pro
forma consolidated and consolidating (if requested by Bank) projected financial information for such Borrower and the acquisition target,
consisting of monthly projected balance sheets, statements of income and cash flows for each such year as of the proposed effective date
of the acquisition and as of the end of at least the next three (3) fiscal years (or the last maturity date of any Obligation if longer)
following the acquisition and monthly projected balance sheets, statements of income and cash flows for each such year, as projected
as of the effective date of the acquisition and as of the ends of those fiscal years and accompanied by (i) a statement in reasonable
detail specifying all material assumptions underlying the projections and (ii) such other information as Bank shall reasonably request.

 

“Prohibited
Territory” means any person or country listed by the Office of Foreign Assets Control of the United States Department of Treasury
as to which transactions between a United States Person and that territory are prohibited.

 

    	Exhibit A - Page 11

     

    

 

“Qualified
Borrower” means, at any time, each Borrower with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible
contract participant” under the CEA and can cause another Person to qualify as an “eligible contract participant” at
such time under Section 1a(18)(A)(v)(II) of the CEA.

 

“Request
for Advance” means a Loan Advance/Paydown Request Form issued by the Borrower under the Agreement in the form annexed to this Agreement
as Exhibit E.

 

“Responsible
Officer” means each of the Authorized Signers set forth in the Corporation Resolutions and Incumbency Certification Authority to
Procure Loans Limited Liability Company Authority to Procure Loans, as applicable.

 

“Restricted
Agreement” is any material license or other material agreement (other than over-the-counter software that is commercially available
to the public and “open source” licenses) to which a Borrower is a party or under which a Borrower is bound (including licenses
and agreements under which a Borrower is the licensee): (a) that prohibits or otherwise restricts a Borrower from assigning to Bank,
or granting to Bank a Lien in, such Borrower’s interest in such license or agreement, the rights arising thereunder or any other
property, or (b) for which a default under or termination of such license or contract could interfere with the Bank’s right to
use, license, sell or collect any Collateral or otherwise exercise its rights and remedies with respect to the Collateral under the Loan
Documents or applicable law.

 

“Revolving
Line” means a Credit Extension of up to Seven Million Five Hundred Thousand Dollars ($7,500,000) (inclusive of the aggregate limits
of the corporate credit cards issued to Borrowers, or any of them, and merchant credit card processing reserves under the Credit Card
Services Sublimit).

 

“Revolving
Maturity Date” means September 30, 2023.

 

“Schedule”
means the schedule of exceptions attached hereto and approved by Bank, if any.

 

Segregated
Governmental Account” has the meaning assigned to such term in Section 6.6(a) hereof.

 

“SOS
Reports” mean the official reports from the Secretaries of State of the Borrower State and other applicable federal, state or local
government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

 

“Specified
Borrower” means any Borrower that is not then an “eligible contract participant” under the CEA (determined prior to
giving effect to Section 14.9 hereof).

 

“Subordinated
Debt” means any debt incurred by Borrowers, or any of them, that is subordinated in writing to the debt owing by Borrower to Bank
on terms reasonably acceptable to Bank (and identified as being such by the applicable Borrower or Borrowers and Bank).

 

“Subsidiary”
means any corporation, partnership or limited liability company or joint venture in which (i) any general partnership interest or (ii)
more than fifty percent (50%) of the Equity Interests of which by the terms thereof ordinary voting power to elect the Board of Directors,
managers or trustees of the entity, at the time as of which any determination is being made, is owned by Borrower, either directly or
through an Affiliate.

 

“Swap
Obligation” means, with respect to any Borrower, any obligation to pay or perform under any agreement, contract or transaction
that constitutes a “swap” within the meaning of Section 1a(47) of the CEA.

 

“Trademarks”
mean any trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like
protections, and the entire goodwill of the business of a Borrower connected with and symbolized by such trademarks.

 

“United
States” means the United States of America.

 

    	Exhibit A - Page 12

     

    

 

	DEBTOR:	INTERPACE
    BIOSCIENCES, INC./INTERPACE DIAGNOSTICS CORPORATION/INTERPACE DIAGNOSTICS, LLC/INTERPACE PHARMA SOLUTIONS, INC.
	 	 
	SECURED
    PARTY:	COMERICA
    BANK

 

EXHIBIT
B

 

COLLATERAL
DESCRIPTION ATTACHMENT TO LOAN AND SECURITY AGREEMENT

 

Collateral
shall mean all personal property of each Debtor including, without limitation, all of the following property each Debtor now or later
owns or has an interest in, wherever located:

 

	 	(a)	all
    Accounts Receivable (for purposes of this Agreement, “Accounts Receivable” consists of all accounts, general intangibles
    (including, without limit, payment intangibles and software), chattel paper (including, without limit, electronic chattel paper and
    tangible chattel paper), contract rights, deposit accounts, documents (including, without limit, negotiable documents), instruments
    (including, without limit, promissory notes) and rights to payment evidenced by chattel paper, documents or instruments, health care
    insurance receivables, commercial tort claims, letters of credit, letter of credit rights, supporting obligations, money and rights
    to payment for money or funds advanced or sold),
	 	 	 
	 	(b)	all
    Inventory (including, without limit, returns and repossessions),
	 	 	 
	 	(c)	all
    investment property (including, without limit, securities, securities entitlements, and financial assets), all securities accounts
    and all investment property contained therein, including, without limitation, all securities and securities entitlements, financial
    assets, instruments or other property contained in such securities accounts, and all other investment property, financial assets,
    instruments or other property at any time held or maintained in such securities accounts, together with all investment property,
    financial assets, instruments or other property at any time substituted for all or for any part of the foregoing, and all interest,
    dividends, increases, profits, new investment property, financial assets, instruments or other property and or other increments,
    distributions or rights of any kind received on account of any of the foregoing, and all other income received in connection therewith,
	 	 	 
	 	(d)	all
    Equipment and Fixtures, and
	 	 	 
	 	(e)	specific
    items listed below and/or on attached Schedule 1, if any.

 

    	Exhibit B - Page 1

     

    

 

EXHIBIT
C

 

FORM
OF BORROWING BASE CERTIFICATE

 

(See
Attached)

 

    	Exhibit C - Page 1

     

    

 

EXHIBIT
D

 

COMPLIANCE
CERTIFICATE

 

	 	Comerica
    Bank
	Please
    send all Required Reporting to:	Technology
    & Life Sciences Division

    Loan
    Analysis Department

    250
    Lytton Avenue

    3rd
    Floor, MC 4240

    Palo
    Alto, CA 94301

    Email
    directly to:

    sgmerkord@comerica.com
    and

    nwcompliance@comerica.com

    or
    Fax to (425) 452-2510

	 
	 
	 
	 

 

	FROM:
    	Interpace
    Biosciences, Inc.

 

The
undersigned authorized Officer of Interpace Biosciences, Inc., on behalf of Borrowers (“Borrower”), hereby certifies, in
such capacity and not in his or her individual capacity (and without personal llquidity) that in accordance with the terms and conditions
of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (i) Borrower is in complete compliance for
the period ending __________________________with all required covenants, including without limitation the ongoing registration of intellectual
property rights in accordance with Section 6.8 hereof, except as noted below and (ii) all representations and warranties of Borrower
stated in the Agreement are true and correct in all material respects as of the date hereof. Attached herewith are the required documents
supporting the above certification.

 

The
Officer further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently
applied from one period to the next except as explained in an accompanying letter or footnotes.

 

Please
indicate compliance status by checking the applicable box for Yes or No.

 

	REPORTING
    COVENANTS	REQUIRED	COMPLIES
	 	 	 	 
	Company
    Prepared Monthly F/S	Monthly,
    within 30 days	[  ]YES	[  ]
    NO
	Compliance
    Certificate	Monthly,
    within 30 days	[  ]YES	[  ]
    NO
	CPA
    Audited, Unqualified F/S	Annually,
    within 180 days of FYE	[  ] YES	[  ]
    NO
	Borrowing
    Base Certificate	Monthly,
    within 30 days	[  ]
    YES	[  ]
    NO
	A/R
    Agings by Invoice Date	Monthly,
    within 30 days	[  ]
    YES	[  ]
    NO
	A/P
    Agings by Invoice Date	Monthly,
    within 30 days	[  ]
    YES	[  ]
    NO
	Intellectual
    Property Report	Quarterly,
    within 30 days	[  ]
    YES	[  ]
    NO

 

	This
    section only to be required and filled out if Public:
	10-Q	Quarterly,
    within 5 days of SEC filing (50 days)	[  ]
    YES	[  ]
    NO
	10-K
         	Annually,
    within 5 days of SEC filing (95 days)	[  ]
    YES	[  ]
    NO

 

	ACCOUNTS
    6.6	REQUIRED	ACTUAL
    VALUES TO BE ENTERED BELOW	 	 
	Total
    amount of Borrower’s cash and investments	 	Amount:
    $______________________	[  ]
    YES	[  ]
    NO
	Total
amount of Borrower’s cash and investments maintained with Bank.
	See
    Loan Agreement	Amount:
    $______________________	[  ]
    YES	[  ]
    NO

 

	 	 	DESCRIPTION	APPLICABLE
	Legal
    Action > $500,000	Notify
    promptly upon notice	__________________________	[  ]
    YES	[  ] NO
	Inventory
    Disputes > $250,000	Notify
    promptly upon notice	__________________________	[  ] YES	[  ]
    NO
	Mergers
    & Acquisitions > $1,000,000	Notify
    promptly upon notice	__________________________	[  ] YES	[  ] NO
	Cross
    default with other agreements >$500,000	Notify
    promptly upon notice	__________________________	[  ] YES	[  ] NO
	Judgments:Settlements
    > $250,000	Notify
    promptly upon notice	__________________________	[  ]
    YES	[  ] NO
	 	 	 	 	 
	FINANCIAL
    COVENANTS	REQUIRED	ACTUAL*	COMPLIES

 

	TO
    BE TESTED MONTHLY, UNLESS OTHERWISE NOTED:
	 	 	 	 	 
	Minimum
    Liquidity (maintained at all times, reported monthly)	See
    Sec. 6.7(a)	$_______________________	[  ] YES	[  ]
    NO
	Minimum
    Revenues (tested quarterly)	See
    Sec. 6.7(b)  	$_______________________	[  ] YES	[  ] NO

 

	OTHER
    COVENANTS	REQUIRED	ACTUAL
    VALUES TO BE ENTERED BELOW	COMPLIES
	 	 	 	 	 
	Permitted
    Indebtedness for equipment leases	<$100,000	$__________________	[  ] YES	[  ]
    NO
	Permitted
    Investments for stock repurchase	<$100,000	$__________________	[  ]
    YES	[  ]
    NO
	Permitted
    Investments for subsidiaries	<$100,000	$__________________	[  ]
    YES	[  ]
    NO
	Permitted
    Investments for employee loans	<$100,000	$__________________	[  ] YES	[  ]
    NO
	Permitted
    Investments for joint ventures	<$100,000	$__________________	[  ]
    YES	[  ]
    NO
	Permitted
    Liens for equipment leases	<$100,000	$__________________	[  ]
    YES	[  ]
    NO
	Permitted
    Transfers	<$100,000	$__________________	[  ]
    YES	[  ]
    NO
	Permitted
    “other” Liens	<$100,000	$__________________	[  ]
    YES	[  ]
    NO

 

*Please
provide calculations with reporting to support actual values listed.

 

    	Exhibit D - Page 1

     

    

 

Please Enter Below Comments Regarding Violations:

 

The Officer further acknowledges that at any time Borrower is not in compliance with all the terms set forth in the Agreement, including,
without limitation, the financial covenants, no credit extensions will be made.

 

Sincerely,

 

 

 

Authorized Signer

 

 

 

Name:

 

 

 

Title:

 

    	 	Exhibit D - Page 2	 

    	 	 	 

    

 

EXHIBIT
E

 

TECHNOLOGY
& LIFE SCIENCES DIVISION

LOAN
ANALYSIS

LOAN
ADVANCE/PAYDOWN REQUEST FORM

DEADLINE
FOR SAME DAY PROCESSING IS 3:00* P.M., C.S.T.

*At
month end and the day before a holiday, the cut off time is 1:30 P.M., C.S.T.

[**Subject
to 3 day advance notice.]

 

	To:
    Loan Analysis	DATE:
    _____________________	TIME:
    ______________

FAX
#: (425) 452-2510

Email
directly to:

	 	● 	sgmerkord@comerica.com
    and
	 	●	nwcompliance@comerica.com

 

	 	 	 	TELEPHONE
    REQUEST (For Bank Use Only):
	 	 	 	 
	FROM:		 	 
	 	Borrower’s
    Name	 	The
    following person is authorized to request the loan payment transfer/loan advances on the designated account and is known to me.

     

	 	 	 	 
	FROM:		 	
	 	Authorized
    Signer’s Name	 	Authorized
    Request & Phone #
	 	 	 	 
	FROM:		 	
	 	Authorized
    Signer’s Signature	 	Received
    by (Bank) & Phone #
	 	 	 	 
	PHONE
    #:		 	
	 	 	 	Authorized
    Signature (Bank)

 

	FROM
    ACCOUNT #:		 	 
	(please include Note number, if applicable)	 	 
	 	 	 	 
	TO
    ACCOUNT #:		 	 
	(please include Note number, if applicable)	 	 

 

	REQUESTED
    TRANSACTION TYPE	 	REQUESTED
    DOLLAR AMOUNT	 	For
    Bank Use Only

 

	PRINCIPAL
    INCREASE* (ADVANCE)	 	$		Date
    Rec’d:
	PRINCIPAL
    PAYMENT (ONLY)	 	$		Time:
	 	 	 	 	Comp.
    Status: YES NO
	OTHER
    INSTRUCTIONS:	 	 	 	Status
    Date:
				 	Time:
					Approval:

    

					 
					 

 

Borrowers
represent, warrant and certify that no default or Event of Default, or any condition or event which, with the giving of notice or the
running of time, or both, would constitute a default or Event of Default, has occurred and is continuing under the Agreement, and none
will exist upon the making of the Advance requested hereunder. Borrowers further certify that upon advancing the sum requested hereunder,
the outstanding Advances will not exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base, less the aggregate outstanding
balance of the corporate credit cards issued to Borrowers under the Credit Card Services Sublimit at any time, Borrowers shall immediately
pay to Bank, in cash, the amount of such excess. If the Advances shall at any time exceed the lesser of (A) the Revolving Line or (B)
the Borrowing Base, less the aggregate outstanding balance of the corporate credit cards issued to Borrowers under the Credit Card Services
Sublimit at any time, Borrowers shall promptly, and in any event within two (2) Business Days, pay to Bank, in cash, the amount of such
excess, Borrowers will immediately pay such excess amount, without any necessity of notice or demand.

 

Once
delivered or submitted, this Loan Advance/Paydown Request Form shall not be revocable.

 

Capitalized
terms used but not otherwise defined herein shall have the respective meanings given to them in the Agreement.

 

    	Exhibit E - Page 1

     

    

 

SCHEDULE
OF EXCEPTIONS

 

TO
LOAN AND SECURITY AGREEMENT

 

Permitted
Indebtedness (Exhibit A)

 

	Lender	 	Aggregate
    Principal Amount	 	Maturity
    Date	 	Secured/Unsecured
    
	Ampersand
    2018 Limited Partnership	 	$4,500,000.00	 	October
    31, 2021	 	Secured
	1315
    Capital II, L.P.	 	$3,000,000.00	 	October
    31, 2021	 	Secured

 

 

Permitted
Investments (Exhibit A)

 

 

	Borrower	 	Investment	 	Shares	 	Value	 	Shares
    Certificated?
	Interpace
    Biosciences, Inc.	 	Shares
    in Diamir Biosciences Corp.	 	42,280
    shares of common stock	 	Approximately
    $248,000 at the time of the transaction	 	Yes.

 

Permitted
Liens (Exhibit A)

 

	Holder
    of Lien/Encumbrance	 	Description
    of Property Encumbered	 	Borrower/Subsidiary
	Thermo
    Fisher Financial Services, Inc.	 	T630
    Server (A28563); AV (A39558); Oncomine Focus x 7 (A42008); 520 Chip x 4 (A27762); ION 510/520/530 KIT-CHEF x 4 (A24461); Superscript
    x 5 (11756050)	 	Interpace
    Biosciences, Inc.
	Thermo
    Fisher Financial Services, Inc.	 	KF
    Apex 96 DW Head (5400930); KF Apex 96 Combi Head (24079920); SVC IQOQ KF Apex (A47012); Freight	 	Interpace
    Biosciences, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0280	 	Interpace
    Biosciences, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0280	 	Interpace
    Diagnostics Corporation

 

    	1

     

    

 

	Dell
    Financial Services L.L.C.	 	Equipment
    or Software as described in Agreement Number 001-8083279-002	 	Interpace
    Diagnostics Corporation
	Dell
    Financial Services L.L.C.	 	Equipment
    or Software as described in Agreement Number 001-9010536-001	 	Interpace
    Diagnostics Corporation
	Thermo
    Fisher Financial Services Inc.	 	ION
    PGM DX INST System x 2 (A25511); PGM Trade In	 	Interpace
    Pharma Solutions, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0281	 	Interpace
    Pharma Solutions, Inc.

 

Security
Interests (Section 4.1)

  

	Holder
    of Lien/Encumbrance	 	Description
    of Property Encumbered	 	Borrower/Subsidiary
	Thermo
    Fisher Financial Services, Inc.	 	T630
    Server (A28563); AV (A39558); Oncomine Focus x 7 (A42008); 520 Chip x 4 (A27762); ION 510/520/530 KIT-CHEF x 4 (A24461); Superscript
    x 5 (11756050)	 	Interpace
    Biosciences, Inc.
	Thermo
    Fisher Financial Services, Inc.	 	KF
    Apex 96 DW Head (5400930); KF Apex 96 Combi Head (24079920); SVC IQOQ KF Apex (A47012); Freight	 	Interpace
    Biosciences, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0280	 	Interpace
    Biosciences, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0280	 	Interpace
    Diagnostics Corporation
	Dell
    Financial Services L.L.C.	 	Equipment
    or Software as described in Agreement Number 001-8083279-002	 	Interpace
    Diagnostics Corporation
	Dell
    Financial Services L.L.C.	 	Equipment
    or Software as described in Agreement Number 001-9010536-001	 	Interpace
    Diagnostics Corporation
	Thermo
    Fisher Financial Services Inc.	 	ION
    PGM DX INST System x 2 (A25511); PGM Trade In	 	Interpace
    Pharma Solutions, Inc.
	NFS
    Leasing, Inc.

     

    People’s
    United Bank, N.A

     
	 	Equipment
    or Software as described in the Schedule 1 to Master Lease Agreement 2021-0281	 	Interpace
    Pharma Solutions, Inc.

    	2

     

    

 

	 	Collateral
    (Section 5.3)

 

Deposit
or Securities Accounts

 

	Institution
    Name	 	Account
    Number	 	Name
    of Account Owner
	Silicon
    Valley Bank	 	3302869016

     

    3303131218

     

    3302347153

     

    3302544768

     

    3302859599

     

    3302544787

     

    3302347168

     

    6600003926

     

    3302950600

     

    3302870604

     

    3302874674
	 	Interpace
    Biosciences, Inc.
	PNC
    Bank	 	1012785997	 	Interpace
    Diagnostics Corporation
	Pacific
    Western Bank	 	0002002871

     

    000109021
	 	Interpace
    Diagnostics Corporation

 

Intellectual
Property Collateral (Section 5.4)

 

Patents:

 

Interpace
Diagnostics, LLC:

 

	Country	 	Serial
    No.	 	Filing
    Date	 	Patent
    No.	 	Issue
    Date	 	Expiration
    Date
	MICRO RNAs DIFFERENTIALLY EXPRESSED IN PANCREATIC DISEASE AND USES THEREOF
	US	 	60/826173	 	19-Sep-2006	 	 	 	 	 	 
	US
    (Abandoned)	 	11/857948	 	19-Sep-2007	 	 	 	 	 	 
	US
    (Abandoned)	 	15/917935	 	12-Mar-2018	 	 	 	 	 	 
	MIRNAS AS BIOMARKERS FOR DISTINGUISHING BENIGN FROM MALIGNANT THYROID

                                                                      NEOPLASMS

 

	

    US	 	61/414778	 	17-Nov-2010	 	 	 	 	 	 
	US	 	13/299226	 	17-Nov-2011	 	10150999	 	11-Dec-2018	 	17-Nov-2031
	US	 	16/188769	 	13-Nov-2018	 	11118231	 	14-Sep-2021	 	17-Nov-2031
	US	 	17/400660	 	12-Aug-2021	 	 	 	 	 	 
	METHODS AND COMPOSITIONS INVOLVING MIR-135B FOR DISTINGUISHING PANCREATIC CANCER FROM BENIGN PANCREATIC DISEASE	 
	US	 	61/534332	 	13-Sep-2011	 	 	 	 	 	 
	US	 	61/536486	 	19-Sep-2011	 	 	 	 	 	 
	US	 	13/615066	 	13-Sep-2012	 	9644241	 	09-May-2017	 	13-Sep-2032
	US	 	15/491399	 	19-Apr-2017	 	10655184	 	19-May-2020	 	13-Sep-2032
	US
    (Abandoned)	 	16/855469	 	22-Apr-2020	 	 	 	 	 	 
	MIRNAS AS DIAGNOSTIC BIOMARKERS TO DISTINGUISH BENIGN FROM MALIGNANT THYROID

                                                                                TUMORS

	US	 	61/552451	 	27-Oct-2011	 	 	 	 	 	 
	US	 	61/552762	 	28-Oct-2011	 	 	 	 	 	 
	US
    (Abandoned)	 	13/662450	 	27-Oct-2012	 	 	 	 	 	 
	US
    (Abandoned)	 	15/873067	 	17-Jan-2018	 	 	 	 	 	 
	DIAGNOSTIC MIRNAS FOR DIFFERENTIAL DIAGNOSIS OF INCIDENTAL PANCREATIC CYSTIC

                                                                                LESIONS

	US	 	61/709411	 	04-Oct-2012	 	 	 	 	 	 
	US	 	61/716396	 	19-Oct-2012	 	 	 	 	 	 
	US
    (Abandoned)	 	13/801737	 	13-Mar-2013	 	 	 	 	 	 
	US

    (Abandoned)
	 	15/826909	 	30-Nov-2017	 	 	 	 	 	 

     

     

	US
    (Abandoned)	 	16/869405	 	07-May-2020	 	 	 	 	 	 

 

Interpace
Diagnostics Corporation:

 

	Country	 	Serial
    No.	 	Filing
    Date	 	Patent
    No.	 	 	Issue
    Date	Expiration

                                                                                Date

	METHODS FOR TREATING BARRETT’S METAPLASIA AND ESOPHAGEAL ADENOCARCINOMA
	US	 	62/267619	 	15-Dec-2015	 	 	 	 	 	 
	US
    (Abandoned)	 	15/378370	 	14-Dec-2016	 	 	 	 	 	 
	TOPOGRAPHIC GENOTYPING FOR DETERMINING THE DIAGNOSIS, MALIGNANT POTENTIAL, AND BIOLOGIC BEHAVIOR OF PANCREATIC

CYSTS AND RELATED CONDITIONS

	US	 	60/620926	 	22-Oct-2004	 	 	 	 	 	 
	US	 	60/631240	 	29-Nov-2004	 	 	 	 	 	 
	US	 	60/644568	 	19-Jan-2005	 	 	 	 	 	 
	US	 	60/679968	 	12-May-2005	 	 	 	 	 	 
	US	 	60/679969	 	12-May-2005	 	 	 	 	 	 
	US
    (Abandoned)	 	11/255978	 	24-Oct-2005	 	 	 	 	 	 
	US
    (Abandoned)	 	11/256150	 	24-Oct-2005	 	 	 	 	 	 

 

    	3

     

    

 

	US
    (Abandoned)	 	11/256152	 	24-Oct-2005	 	 	 	 	 	 
	US
    (Abandoned)	 	11/255980	 	24-Oct-2005	 	 	 	 	 	 
	US
    (Abandoned)	 	14/305727	 	16-Jun-2014	 	 	 	 	 	 
	US	 	15/912654	 	06-Mar-2018	 	11143657	 	 	12-Oct-2021	23-Jul-2036
	METHODS FOR TREATING BARRETT’S METAPLASIA AND ESOPHAGEAL

                                                                                ADENOCARCINOMA

	US	 	61/565879	 	01-Dec-2011	 	 	 	 	 	 
	US	 	61/640527	 	30-Apr-2012	 	 	 	 	 	 
	US	 	61/661256	 	18-Jun-2012	 	 	 	 	 	 
	US	 	13/692727	 	03-Dec-2012	 	10255410	 	 	09-Apr-2019	23-Jan-2033
	US	 	13/954247	 	30-Jul-2013	 	10131942	 	 	20-Nov-2018	19-Mar-2033
	US
    (Abandoned)	 	16/166486	 	22-Oct-2018	 	 	 	 	 	 
	US	 	16/285604	 	26-Feb-2019	 	 	 	 	 	 
	METHODS FOR MEASURING CARCINOEMBRYONIC ANTIGEN
	US	 	61/731725	 	30-Nov-2012	 	 	 	 	 	 
	US	 	61/824623	 	17-May-2013	 	 	 	 	 	 
	US	 	61/840963	 	28-Jun-2013	 	 	 	 	 	 
	US	 	14/092036	 	27-Nov-2013	 	9341628	 	 	17-May-2016	23-Mar-2034
	US	 	15/147960	 	06-May-2016	 	10444239	 	 	15-Oct-2019	27-Nov-2033
	US	 	16/558489	 	03-Sep-2019	 	 	 	 	 	 
	METHODS OF IDENTIFYING AND TREATING AGGRESSIVE THYROID TUMORS
	US	 	62/573370	 	17-Oct-2017	 	 	 	 	 	 
	US	 	16/162883	 	17-Oct-2018	 	 	 	 	 	 

 

Trademarks:

 

	Word
    Mark	 	Serial
    No.	 	Filing
    Date	 	Registration
    No.	 	Registration
    Date
	BARREGEN	 	86525982	 	05-Feb-2015	 	5142307	 	14-Feb-2017
	BARAGEN
    (Abandoned)	 	86390390	 	10-Sep-2014	 	 	 	 
	BARREGEN
    ESOPHAGEAL CANCER RISK CLASSIFIER	 	86910938	 	17-Feb-2016	 	5210362	 	23-May-2017
	BARREMIR
    (Abandoned)	 	87623146	 	26-Sep-2017	 	 	 	 
	COVIANT
    (Abandoned)	 	76119728	 	31-Aug-2000	 	 	 	 
	COVIANT	 	78502594	 	20-Oct-2004	 	3031950	 	20-Dec-2005
	COVIANT	 	88906872	 	08-May-2020	 	6343361	 	04-May-2021
	COVIANT
    DX	 	90086014	 	31-Jul-2020	 	 	 	 
	INTERPACE
    DIAGNOSTICS (Abandoned)	 	86126455	 	22-Nov-2013	 	 	 	 
	INTERPACEDX
    (Abandoned)	 	86526999	 	06-Feb-2015	 	 	 	 
	INTERPACE
    DIAGNOSTICS	 	86130866	 	27-Nov-2013	 	4646544	 	25-Nov-2014
	INTERPACE
    DIAGNOSTICS	 	86944287	 	17-Mar-2016	 	5072603	 	01-Nov-2016
	INTERPACE
    BIOSCIENCES	 	88651133	 	11-Oct-2019	 	6092660	 	30-Jun-2020
	INTERPACE
    PHARMA SOLUTIONS	 	88680696	 	05-Nov-2019	 	6092700	 	30-Jun-2020

 

    	4

     

    

 

	INTERPACE
    BIOSCIENCES	 	90531881	 	17-Feb-2021	 	 	 	 
	MARKERS
    THAT MATTER	 	90097773	 	06-Aug-2020	 	6407358	 	06-Jul-2021
	[DESIGN
    ONLY]	 	86290079	 	23-May-2014	 	4882368	 	05-Jan-2016
	[DESIGN
    ONLY]	 	86944266	 	17-Mar-2016	 	5067909	 	25-Oct-2016
	[DESIGN
    ONLY]	 	90452747	 	07-Jan-2021	 	 	 	 
	MIRINFORM
    (Cancelled)	 	77447187	 	14-Apr-2008	 	3546361	 	16-Dec-2008
	MIRINFORM	 	85067844	 	21-Jun-2010	 	4071426	 	13-Dec-2011
	MIRINFORM	 	85067850	 	21-Jun-2010	 	4071427	 	13-Dec-2011
	MANAGEMDX
    (Abandoned)	 	86434107	 	24-Oct-2014	 	 	 	 
	PANDNA	 	87178397	 	21-Sep-2016	 	5318439	 	24-Oct-2017
	PANCRAGEN	 	86370325	 	19-Aug-2014	 	4796668	 	18-Aug-2015
	PANCRAMIR
    (Abandoned)	 	86357914	 	05-Aug-2014	 	 	 	 
	PATHFINDERTG	 	78848127	 	28-Mar-2006	 	3208314	 	13-Feb-2007
	POWER
    IN PERFORMANCE	 	86325980	 	01-Jul-2014	 	4729240	 	28-Apr-2015
	RESPRIDX	 	87647404	 	16-Oct-2017	 	5504939	 	26-Jun-2018
	SERACOV
    (Abandoned)	 	88906794	 	08-May-2020	 	 	 	 
	THYMIRA
    (Abandoned)	 	86370332	 	19-Aug-2014	 	 	 	 
	THYGENX	 	86365003	 	13-Aug-2014	 	4729279	 	28-Apr-2015
	THYRAMIR	 	86370328	 	19-Aug-2014	 	4882519	 	05-Jan-2016
	THYGENEXT	 	87868479	 	09-Apr-2018	 	5651597	 	08-Jan-2019
	THYGRESSA	 	88532986	 	24-Jul-2019	 	 	 	 
	WE
    OWN THE FUTURE	 	90539740	 	22-Feb-2021	 	 	 	 

 

Prior
Names (Section 5.5)

 

	Borrower	 	Prior
    Name	 	Period
    of Use	 	Note
    whether legal name, fictitious name, d/b/a, trade name, etc.
	Interpace
    Biosciences, Inc.	 	Interpace
    Diagnostics Group Inc.	 	12/22/15
    – 11/12/19	 	Prior
    legal name
	 	 	PDI,Inc.	 	Prior
    to 12/22/15	 	Prior
    legal name
	Interpace
    Pharma Solutions, Inc.	 	Interpace
    BioPharma, Inc.	 	06/28/19
    – 11/12/19	 	Prior
    legal name

 

Inventory
or Equipment Locations (Section 5.5)

 

	Address	 	Borrower	 	Equipment/Inventory
	2515
    Liberty Avenue Pittsburgh, Pa 15222	 	Interpace
    Diagnostics Corporation	 	Lab
    equipment
	2
    Church Street Suite B-05 New Haven, Ct 06519	 	Interpace
    Diagnostics Lab, Inc.	 	Lab
    equipment

 

    	5

     

    

 

	133
    Southcenter Court, Suite 400, Morrisville, NC 27560	 	Interpace
    Pharma Solutions, Inc.	 	Lab
    equipment
	201
    Route 17N, 2nd Floor, Rutherford, NJ 07070	 	Interpace
    Pharma Solutions, Inc.	 	Lab
    equipment

 

Litigation
(Section 5.6)

 

None.

 

Subsidiaries
(Section 5.10)

 

	Subsidiary	 	Jurisdiction	 	Shareholder(s)/Member(s)	 	Percentage
    of Equity Interests
	Interpace
    Diagnostics, LLC	 	Delaware	 	Interpace
    Biosciences, Inc.	 	100%
	Interpace
    Diagnostics Corporation	 	Delaware	 	Interpace
    Diagnostics, LLC	 	100%
	Interpace
    Diagnostics Lab Inc.	 	Delaware	 	Interpace
    Diagnostics, LLC	 	100%
	Interpace
    Pharma Solutions, Inc.	 	Delaware	 	Interpace
    Biosciences, Inc.	 	100%

 

Restricted
Agreements (Section 5.12)

 

	1.	Securities
    Purchase and Exchange Agreement, dated as of January 10, 2020, by and among Interpace Biosciences, Inc., 1315 Capital II, L.P., and
    Ampersand 2018 Limited Partnership, a Delaware limited partnership (as amended, modified, restated, replaced or supplemented from
    time to time).
	 	 
	2.	Secured
    Promissory Note, dated as of January 7, 2021, by Interpace Biosciences, Inc., in favor of Ampersand 2018 Limited Partnership (as
    amended, modified, restated, replaced or supplemented from time to time).
	 	 
	3.	Secured
    Promissory Note, dated as of January 7, 2021, by Interpace Biosciences, Inc., in favor of 1315 Capital II, L.P. (as amended, modified,
    restated, replaced or supplemented from time to time).

 

    	6

     

    

 

COMERICA
BANK

Member
FDIC

 

ITEMIZATION
OF AMOUNT FINANCED

DISBURSEMENT
INSTRUCTIONS

(Revolving
Line)

 

Names:
INTERPACE BIOSCIENCES, INC./INTERPACE DIAGNOSTICS CORPORATION/INTERPACE DIAGNOSTICS, LLC/INTERPACE PHARMA SOLUTIONS, INC.

 

Date:
October 13, 2021

 

	$	credited
    to deposit account No. ___________ when Advances are requested or disbursed to Borrower by cashiers check or wire transfer

 

Amounts
paid to others on your behalf:

 

	$	to
    Comerica Bank for Loan Fee
	$	to
    Comerica Bank for Document Fee
	$	to
    Comerica Bank for accounts receivable audit (estimate)
	$	to
    Bank counsel fees and expenses
	$	to
    ______________________
	$	to
    ______________________
	 	TOTAL
    (AMOUNT FINANCED)

 

Upon
consummation of this transaction, this document will also serve as the authorization for Comerica Bank to disburse the loan proceeds
as stated above.

 

	 	INTERPACE BIOSCIENCES, INC.
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE DIAGNOSTICS CORPORATION
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE DIAGNOSTICS, LLC
	 	 	 
	 	By:
    	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE PHARMA SOLUTIONS, INC.
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer

 

    	1

     

    

 

 

AUTOMATIC
LOAN PAYMENT AUTHORIZATION

 

 

Date:
October 13, 2021

 

Obligor
Name: INTERPACE BIOSCIENCES, INC. et al

 

Obligor
Number: 8718351072 Lender’s Cost Center #: 97306__________

 

Address:
Morris Corporate Center 1, Building C 300 Interpace Parkway, Parsippany, NJ 07054

 

The
undersigned hereby authorizes Comerica Bank (“Bank”) to charge the account designated below for the payments due on
the loan(s) as designated below and all renewals, extensions, modifications and/or substitutions thereof. This authorization will remain
in effect unless the undersigned requests a modification that is agreed to by the Bank in writing. The undersigned remains fully responsible
for all amounts outstanding to Bank if the designated account is insufficient for repayment.

 

	 [X]	Automatic
    Payment Authorization for all payments on all current and future borrowings, as and when such payments come due (which
    payments include, without limitation, principal, interest, fees, costs, and expenses).

 

	 [  ]	Automatic
    Payment Authorization for all payments on only the specific borrowing identified below, as and when such payments come due (which
    payments include, without limitation, principal, interest, fees, costs, and expenses).

 

Specific
Obligation Number: ________________________________________________________________________

 

	 [  ]	Automatic
    Payment Authorization for less than all payments on only the specific borrowing indentified below, as and when such payments come
    due.

 

Specific
Obligation Number: ________________________________________________________________________

 

	 	 [  ]	Principal
    and Interest payments only
	 	 	 
	 	 [  ]	Principal
    payments only
	 	 	 
	 	 [  ]	Interest
    payments only
	 	 	 
	 	 [  ]	SPECIAL
    INSTRUCTIONS/IRREGULAR PAYMENT INSTRUCTIONS

 

		

		

		

 

 

 

 

 

 

Payment Due Date: Your loan
payments will be charged to your account as indicated above on the dates such payments become due (or on a date thereafter when there
are available funds) unless that day is a Saturday, Sunday, or Bank holiday in which case such payments will be charged on the following
business day, with interest to accrue during this extension as provided under the loan documents.

 

Account
to be Charged:

 

	Account No.		 

 

	Transit No.		

 

	Number of lead days to issue billing .		 

(Charges
to account are withdrawals pursuant to account resolution)

 

    	 

     

    

 

	 	BORROWER:

 

	 	INTERPACE BIOSCIENCES, INC.

 

		By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE DIAGNOSTICS CORPORATION
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title: 	Chief Executive Officer 
	 	 	 
	 	INTERPACE DIAGNOSTICS, LLC
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INTERPACE PHARMA SOLUTIONS, INC.
	 	 	 
	 	By:	/s/
    Thomas W. Burnell
	 	Name:	Thomas
    W. Burnell
	 	Title:	Chief
    Executive Officer

 

[Signature
Page to Automatic Loan Payment Authorization (1795161)]

 

    	 

     

    

 

USA
PATRIOT ACT

 

NOTICE

OF

CUSTOMER
IDENTIFICATION

 

IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

 

To
help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to
obtain, verify, and record information that identifies each person who opens an account.

 

WHAT
THIS MEANS FOR YOU: when you open an account, we will ask your name, address, date of birth, and other information that will allow us
to identify you. We may also ask to see your driver’s license or other identifying documents.

 

    	 

     

    

 

	DEBTOR:	INTERPACE
    BIOSCIENCES, INC./INTERPACE DIAGNOSTICS CORPORATION/INTERPACE DIAGNOSTICS, LLC/INTERPACE PHARMA SOLUTIONS, INC.
	 	 
	SECURED
    PARTY:	COMERICA
    BANK

 

EXHIBIT
A to UCC Financing Statement

 

COLLATERAL
DESCRIPTION ATTACHMENT TO UCC NATIONAL FINANCING FORM

 

Collateral
shall mean all personal property of Debtor including, without limitation, all of the following property Debtor now or later owns or has
an interest in, wherever located:

 

	 	(a)	all
    Accounts Receivable (for purposes of this Agreement, “Accounts Receivable” consists of all accounts, general intangibles
    (including, without limit, payment intangibles and software), chattel paper (including, without limit, electronic chattel paper and
    tangible chattel paper), contract rights, deposit accounts, documents (including, without limit, negotiable documents), instruments
    (including, without limit, promissory notes) and rights to payment evidenced by chattel paper, documents or instruments, health care
    insurance receivables, commercial tort claims, letters of credit, letter of credit rights, supporting obligations, money and rights
    to payment for money or funds advanced or sold),
	 	 	 
	 	(b)	all
    Inventory (including, without limit, returns and repossessions),
	 	 	 
	 	(c)	all
    investment property (including, without limit, securities, securities entitlements, and financial assets), all securities accounts
    and all investment property contained therein, including, without limitation, all securities and securities entitlements, financial
    assets, instruments or other property contained in such securities accounts, and all other investment property, financial assets,
    instruments or other property at any time held or maintained in such securities accounts, together with all investment property,
    financial assets, instruments or other property at any time substituted for all or for any part of the foregoing, and all interest,
    dividends, increases, profits, new investment property, financial assets, instruments or other property and or other increments,
    distributions or rights of any kind received on account of any of the foregoing, and all other income received in connection therewith,
	 	 	 
	 	(d)	all
    Equipment and Fixtures, and
	 	 	 
	 	(e)	specific
    items listed below and/or on attached Schedule 1, if any.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00335-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00335-of-00352.parquet"}]]