Document:

Execution
Copy

    SUPREME
COURT OF THE STATE OF NEW YORK

    COUNTY OF
NEW YORK

    
      	
              VERSADIAL,
      INC.,

               

                             Plaintiff,

               

                                  -against-

               

              FURSA
      MASTER GLOBAL EVENT DRIVEN FUND, LP, FURSA ALTERNATIVE STRATEGIES, LLC and
      MICHAEL HAWTHORNE,

               

                             Defendants.

            	 
      	
               

               

               

               

                      Index
      No. 08-603472

            
	 
      	 
      	 
      
	 
      	 
      

    

    SETTLEMENT AND MUTUAL
RELEASE AGREEMENT

     

    This
Settlement and Mutual Release Agreement (this "Agreement"), dated as of March
3, 2009 (the "Effective
Date"), is entered into by Versadial, Inc. ("Versadial" or the "Plaintiff"), Geoffrey
Donaldson ("Donaldson")
and Matthew Harriton ("Harriton", and together with
Donaldson, the "Versadial
Principals" or the "Plaintiff's Principals") and
FURSA Master Global Event Driven Fund, L.P. ("FURSA Master"), FURSA
Alternative Strategies, LLC ("FURSA Alternative", and
together with FURSA Master, "FURSA") and Michael Hawthorne
("Hawthorne", and
together with FURSA, the "Defendants", and the
Defendants together with the Plaintiff, the "Litigation Parties", and the
Litigation Parties together with the Plaintiff's Principals, the "Parties").

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    RECITALS

     

    WHEREAS,
on or about November 25, 2008, the Plaintiff commenced the above-captioned
lawsuit (the "Lawsuit")
against the Defendants by filing a complaint in the Supreme Court of the State
of New York, County of New York, Index No. 08-603472;

     

    WHEREAS,
the Defendants have various claims and counterclaims that they could allege
against the Plaintiff and the Plaintiff's Principals;

     

    WHEREAS,
the Plaintiff's Principals have various claims that they could allege against
the Defendants;

     

    WHEREAS,
due to the ongoing settlement negotiations, and by stipulation of the Litigation
Parties, the Defendants have not answered or otherwise responded to the
Complaint;

     

    WHEREAS,
on the Effective Date, and simultaneously with the Parties' entrance into this
Agreement, FURSA Master and Versadial entered into that certain binding term
sheet (the "Term
Sheet"), which requires, among other things, that the Parties enter into
this Agreement as a condition precedent to the effectiveness
thereto;

     

    NOW,
THEREFORE, in consideration of the mutual covenants, agreements and conditions
set forth in this Agreement, the Parties hereby agree as follows:

     

    A.           TERMS OF
SETTLEMENT

     

    
      	
               
      

            	
              1.

            	
              The
      Parties agree to act in accordance with the specific terms of this
      Agreement.

            

    

     

    B.           MUTUAL RELEASES

     

    
      	
               
      

            	
              1.

            	
              Definitions.

            

    

     

    
      	
               
      

            	
              a.

            	
              With respect to Versadial and
      the Versadial Principals:

            

    

     

    i.           The
term "Versadial
Releasors" shall mean each of (A) Versadial and its predecessors,
successors, assigns, current and former affiliates and subsidiaries, each of
their respective agents and anyone claiming by or through any of the foregoing
persons, and (B) the Versadial Principals and each of their respective heirs,
agents and anyone claiming by or through any of the foregoing
persons.

     

    
      
        
           

        

         

      

      
        2

        
          

        

      

      
         

      

    

    

     

    ii.           The
term "Versadial
Releasees" shall mean each of (A) Versadial and its predecessors,
successors and assigns, (B) Versadial's affiliates and their predecessors,
successors and assigns, (C) any current and former managers, members,
shareholders, partners (limited or general), directors (except for Hawthorne),
officers, employees, agents and advisers, including all such persons' heirs and
assigns, of Versadial, its affiliates and each of their respective predecessors,
successors and assigns, and (D) the Versadial Principals and each of their
respective heirs, agents and anyone claiming by or through any of the foregoing
persons.

     

    
      	
               
      

            	
              b.

            	
              With respect to
      FURSA:

            

    

     

    i.           The
term "FURSA Releasors"
shall mean each of FURSA Master and FURSA Alternative and their respective
predecessors, successors, assigns, current and former affiliates and
subsidiaries, and each of their respective agents and anyone claiming by or
through any of the foregoing persons.

     

    ii.           The
term "FURSA Releasees"
shall mean each of (A) FURSA Master and FURSA Alternative and their respective
predecessors, successors and assigns, (B) FURSA Master's and FURSA Alternative's
affiliates, and their respective predecessors, successors and assigns and (C)
any current and former managers, members, shareholders, partners (limited or
general), directors, officers, employees, agents and advisers, including all
such persons' heirs and assigns, of FURSA Master and FURSA Alternative, their
respective affiliates and each of their respective predecessors, successors and
assigns.

     

    
      	
               
      

            	
              c.

            	
              With respect to
      Hawthorne:

            

    

     

    i.           The
terms "Hawthorne
Releasors" (together with the FURSA Releasors, the "Defendant Releasors") and
"Hawthorne Releasees"
(together with the FURSA Releasees, the "Defendant Releasees") shall
mean Hawthorne and his heirs, agents and anyone claiming by or through any of
the foregoing persons.

     

    
      	
               
      

            	
              2.

            	
              Comprehensive Release
      of Liability.

            

    

     

    a.           Subject
to Section
B(2)(b) below, the Parties agree as follows ((i) and (ii), together, the
"Releases"):

     

    
      	
               
      

            	
              i.

            	
              The
      Versadial Releasors agree to forever release, waive and discharge all
      claims, actions, suits, causes of action, demands, debts, and liabilities,
      whether direct or derivative, liquidated or unliquidated, fixed or
      contingent, matured or unmatured, disputed or undisputed, known or
      unknown, foreseen or unforeseen, now existing or hereafter arising, in
      law, equity or otherwise against any and all of the Defendant Releasees
      that are based in whole or in part on any act, omission, transaction,
      event or other occurrence taking place on or prior to the date of
      execution of this Agreement (collectively, the "Versadial Claims")
      including, without limitation, any and all Versadial Claims (A) related
      to, arising out of the facts alleged in, or asserted by Versadial in, the
      Lawsuit and (B) related to or arising out of that certain letter from
      FURSA Master to Versadial, dated November 26, 2007, and all subsequent
      correspondence and documentation entered into in connection with the
      subject matter of such letter (collectively, the "Letter").

            

    

     

    
      
        
           

        

         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              ii.

            	
              The
      Defendant Releasors agree to forever release, waive and discharge all
      claims, actions, suits, causes of action, demands, debts, and liabilities,
      whether direct or derivative, liquidated or unliquidated, fixed or
      contingent, matured or unmatured, disputed or undisputed, known or
      unknown, foreseen or unforeseen, now existing or hereafter arising, in
      law, equity or otherwise against any and all of the Versadial Releasees
      that are based in whole or in part on any act, omission, transaction,
      event or other occurrence taking place on or prior to the date of
      execution of this Agreement (collectively, the "Defendant Claims")
      including, without limitation, any and all Defendant Claims (A) relating
      to, arising out of the facts alleged in, or asserted by Versadial in, the
      Lawsuit and (B) related to or arising out of the
  Letter.

            

    

     

    
      	
               
      

            	
              b.

            	
              Notwithstanding
      the foregoing Section
      B(2)(a), the Parties agree and acknowledge that nothing in this
      Agreement shall be construed to release any rights, liabilities or
      obligations of a Party incurred (i) in connection with this Agreement, the
      Term Sheet, the Advances Agreement (as such term is defined in the Term
      Sheet) or the Loan Documents (as such term is defined in the Term Sheet),
      including, without limitation, the Convertible Note (as such term is
      defined in the Term Sheet), (ii) in connection with that certain
      Securities Purchase Agreement (the "SPA"), dated as of
      August 9, 2006, by and between Versadial, Mellon HBV Master U.S. Event
      Driven Fund, L.P. and Mellon HBV Master Global Event Driven Fund, L.P.,
      (iii) in connection with the warrants held by the Defendants to purchase
      common stock of Versadial or (iv) after the Effective Date.  For
      the purposes of clarity, and without limiting the intent or the language
      of this Section
      (B)(2)(b), after the Effective Date, unless otherwise expressly
      agreed, (A) Versadial and its board of directors shall continue to owe to
      the Defendants, as its shareholders, and to FURSA Master, as its senior
      secured creditor, the standard duties and obligations owed by such a
      corporation to shareholders and creditors of such respective sizes, and
      priority, (B) Versadial shall continue to owe to FURSA such duties and
      obligations as are provided under the SPA and the Loan Documents,
      including, without limitation, the Convertible Note, and (C) FURSA shall
      continue to owe to Versadial such duties and obligations as are provided
      under the Loan Documents, and the duties and obligations described in (A),
      (B) and (C) above shall not be affected by the terms and conditions of
      this Agreement.

            

    

     

    
      	
               
      

            	
              c.

            	
              Within
      five business days of the Effective Date, Versadial shall file a
      Stipulation of Voluntary Discontinuance, with prejudice, pursuant to CPLR
      3217(a) and (c).

            

    

     

    
      
        
           

        

         

      

      
        4

        
          

        

      

      
         

      

    

    

     

    C.           INDEMNIFICATION

     

    1.           In
further consideration of the agreements, covenants and releases set forth
herein, the Plaintiff hereby agrees to indemnify, defend and hold harmless the
Defendants from any and all claims, liabilities, losses (including, without
limitation, reasonable attorney's fees and expenses), demands, actions and
causes of action of whatsoever nature or character that may have been, or that
may hereafter be, asserted by any person or entity claiming by, through or under
such Defendant arising out of, or relating to, the Versadial
Claims.

     

    D.           GENERAL
PROVISIONS

     

    1.           No Admission Of
Liability. Each Party acknowledges that he or it expressly
understands that this Agreement and the settlement it represents (a) are entered
into solely for the purpose of avoiding any possible future expenses, burdens,
risks or distraction of litigation, (b) in no way constitute an admission by any
Party hereto of any liability or wrongdoing of any kind to any other Party and
(c) may be asserted by any Party as an absolute and final bar to any claim,
cause of action or suit now pending or hereafter brought by any other Party, or
any other person or entity claiming by, under or through any other Party, which
is based on any of the matters released hereby.  In this connection,
the Defendants specifically deny any liability in connection with the claims
asserted in the Lawsuit.

     

    2.           No Tax Or Legal Advice
Provided. Each Party acknowledges, understands and agrees that (a)
no other Party is providing any tax, accounting or legal advice to it and that
none of the other Parties makes any representation regarding tax obligations or
consequences related to or arising from this Agreement and (b) such Party
assumes sole liability and responsibility for his or its federal, state and/or
local tax obligations or consequences that may arise from or relate to this
Agreement and that he or it will not seek any indemnification from or otherwise
seek to impose any liability on any other Party in regard thereto.

     

    3.           Representations And
Warranties. The Plaintiff represents and warrants that it is the
sole owner of all claims, rights, demands and causes of action that it asserted
in the Lawsuit or is relinquishing by executing this Agreement and that no other
person or entity has any interest in such claims, rights, demands and causes of
action.

     

    4.           Binding
Agreement. This Agreement shall be binding on and inure to the
benefit of the Parties and their heirs, legatees, executors, personal
representatives, administrators, successors and assigns.

     

    5.           Consideration.  Each
Party acknowledges, warrants and agrees that, with respect to this Agreement,
adequate consideration was exchanged and supplied by all of the
Parties.

     

    
      
        
           

        

         

      

      
        5

        
          

        

      

      
         

      

    

    

     

    6.           Joint
Efforts. This Agreement has been prepared by the joint efforts of
the respective attorneys for each of the Parties.  Each Party
acknowledges that he or it has carefully read this Agreement, that this
Agreement expresses the entire agreement between or among the Parties concerning
the subjects it purports to cover and that each Party has executed this
instrument freely and of his or its own accord.  The Parties further
agree that this Agreement shall not be strictly construed against any Party
hereto.

     

    7.           Attorneys' Fees, Costs And
Expenses.  Each Litigation Party shall bear all of his or its
own attorneys' fees, costs and expenses incurred in connection with the Lawsuit,
and each Party shall bear all of his or its own attorneys' fees, costs and
expenses incurred in connection with the negotiation, execution and delivery of
this Agreement.

     

    8.           Additional
Documents.  The Parties or their respective counsel shall
execute all such further and additional documents that shall be reasonable,
convenient or necessary to carry out the provisions and intent of this
Agreement.

     

    9.           Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original, and all of such counterparts together shall constitute but
one and the same instrument.  A signature of a Party transmitted to
any other Party by such Party by facsimile, PDF or other agreed upon electronic
means shall constitute the original signature of such Party for all
purposes.

     

    10.           Entire Agreement;
Amendment.  This Agreement constitutes the full, complete and
entire understanding, agreement and arrangement of and between or among the
Parties with respect to the subject matter hereof, including, without
limitation, the Lawsuit, and supersedes any and all prior oral and written
understandings, agreements and arrangements between them. There are no other
agreements, covenants, promises or arrangements between the Parties relating to
the subject matter of this Agreement other than those set forth or incorporated
herein.  There is no other consideration for this Agreement other than
the consideration set forth in this Agreement.  No amendment,
modification, restatement or supplement of this Agreement shall be valid unless
the same is in writing and signed by all of the Parties.

     

    11.           No
Waiver.  No waiver of any provision of this Agreement shall be
valid unless it is in a writing that specifically states that it is a waiver
under this Agreement that is signed by the Party against whom that waiver is
sought to be enforced.  No failure or delay on the part of any Party
in exercising any right, power or privilege hereunder, and no course of dealing
between or among the Parties, shall operate as a waiver of any right, power or
privilege hereunder.  No single or partial exercise of any right,
power or privilege hereunder shall preclude any other or further exercise
thereof or the exercise of any other right, power or privilege
hereunder.  No notice to or demand on any Party in any case shall
entitle such Party to any other or further notice or demand in similar or other
circumstances (unless otherwise required hereunder) or constitute a waiver of
the rights of any Party to any other or further action in any circumstances
without notice or demand.

     

    12.           Controlling
Law.  This Agreement and the rights and obligations of the
Parties shall be interpreted, construed and enforced in accordance with the
substantive laws of the State of New York, without regard to New York's
principles of conflicts of law.

     

    
      
        
           

        

         

      

      
        6

        
          

        

      

      
         

      

    

    

     

    13.           Exclusive Jurisdiction;
Venue.  Any action to interpret or enforce this Agreement shall
be brought only in either the Supreme Court of the State of New York, New York
County, or the United States District Court for the Southern District of New
York, if that court has subject matter jurisdiction over the
dispute.  With respect to any such suit, action or proceeding
commenced in either the Supreme Court of the State of New York, New York County,
or the United States District Court for the Southern District of New York, the
Parties hereby irrevocably waive any objection that they may now or hereafter
have regarding (a) the laying of venue in either such court, (b) the exercise of
personal jurisdiction by either such court and (b) the convenience of either
such forum.

     

    14.           Headings.  The
headings and titles to the various sections of this Agreement are inserted for
convenience only and shall not be deemed a part hereof or affect the
construction or interpretation of any provision hereof.

     

    15.           Representation By And
Consultation With Counsel.  Each of the Litigation Parties
represents and warrants that he or it has been represented by counsel of his or
its own choosing in connection with the Lawsuit.  Each of the Parties
represents and warrants that he or it has been represented by counsel of his or
its own choosing in connection with the negotiation and execution of this
Agreement, and that he or it has had a reasonable and sufficient opportunity to
consult with such counsel to the extent he or it desires before executing this
Agreement.

     

    16.           No
Reliance.  No Party has relied on or been induced to execute
this Agreement by any statements, representations, agreements or promises, oral
or written, made by any other Party, their agents, employees, servants or
attorneys, or anyone else, other than the statements expressly written in this
Agreement.  The purpose of this Agreement being to end and/or avoid
all litigation between the Plaintiff and the Plaintiff's Principals, on the one
hand, and the Defendants, on the other hand, individually and collectively with
respect to each Party, and to reserve only limited and specific potential claims
going forward, if any, based solely on future conduct, the Parties expressly
deny and waive any claims of actual, constructive or statutory fraud or
fraudulent inducement with regard to this Agreement.

     

    17.           Authority To
Bind. Each individual signing this Agreement on behalf of a Party
represents and warrants that he is authorized to execute this Agreement on
behalf of such Party and binds such Party to the terms of this
Agreement.

     

    
      
        
           

        

         

      

      
        7

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective
Date.

     

    
      VERSADIAL,
INC.

    

     

    
      
        	 	 	 	 	 
	
                /s/
      Geoffrey Donaldson

              	 	 	 	 
	
                Name:
      Geoffrey Donaldson

              	 	 	 	 
	
                Title:
      CEO 

              	 	 	 	 

      

    

     

    
      
        	
                GEOFFREY
      DONALDSON

                 

                 

              	 	 	 	 
	
                /s/
      Geoffrey Donaldson

              	 	 	 	 
	
                Geoffrey
      Donaldson

              	 	 	 	 
	
                 

              	 	 	 	 

      

    

     

    
      
        
          	      
                  MATTHEW
      HARRITON

                   

                   

                	 	 	 	 
	
                  /s/
      Matthew Harriton

                	 	 	 	 
	
                  Matthew
      Harriton

                	 	 	 	 
	
                   

                	 	 	 	 

        

      

     

    
      
        
           

        

         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      
         

      

       

      
        
          	      
                  FURSA
      MASTER GLOBAL EVENT

                  DRIVEN
      FUND, L.P.

                   

                   

                	 	 	 	 
	
                  /s/
      William F. Harley III

                	 	 	 	 
	
                  Name:
      William F. Harley III

                	 	 	 	 
	
                  Title: President

                	 	 	 	 

        

      

       

      
        
          	
                  FURSA ALTERNATIVE STRATEGIES, LLC

                   

                   

                	 	 	 	 
	
                  /s/
      William F. Harley III

                	 	 	 	 
	
                  Name:
      William F. Harley III

                	 	 	 	 
	
                  Title:
      President

                	 	 	 	 

        

      

       

      
        
          
            	      
                    MICHAEL HAWTHORNE

                     

                     

                  	 	 	 	 
	
                    /s/
      Michael Hawthorne

                  	 	 	 	 
	
                    Michael
      Hawthorne

                  	 	 	 	 
	
                     

                  	 	 	 	 

          

        

    

    

                                                     

     

    

    
      
        
           

        

         

      

      
        9EXHIBIT
10.1

    

    LOAN AGREEMENT AND
PROMISSORY NOTE

     

    THIS LOAN
AGREEMENT AND PROMISSORY NOTE, dated as of January 31, 2009 (the “Note”), between BLINK COUTURE,
INC., a Delaware Corporation (the "Maker"), having an address at
122 Ocean Park Blvd., Suite 307, Santa Monica, CA 90405 and Fountainhead Capital
Management Limited (the "Payee"), having an address at
Portman House, Hue Street, St. Helier, Jersey JE4 5RP.  Each of the
Maker and the Payee are referred to herein as a “Party”, and collectively as
the “Parties.”

    

    WHEREAS,
On April 30, 2008, a shareholder payable was exchanged for a convertible
promissory note with a principal balance of $8,014 due and payable on April 30,
2009; on July 31, 2008, a shareholder payable was exchanged for a convertible
promissory note with a principal balance of $14,357 due and payable on July 31,
2009 and on October 31, 2008, a shareholder payable was exchanged for a
convertible promissory note with a principal balance of $14,742.94 due and
payable on October 30, 2009 (the aforementioned notes are hereinafter
collectively referred to as the “Prior Loans”)..

    

    WHEREAS,
during the period beginning on November 1, 2008 and ending on January 31, 2009
Payee advanced additional funds to the Maker in the total amount of $14,463.00
(the “Additional Loan”) for its corporate
purposes, on the terms and conditions set forth therein;

    

    WEREAS,
the Payee may make additional advances to Maker from time to time in the future
(”Future Loans”)
and

    

    WHEREAS,
the Parties desire to evidence the amount due on account of the Prior Loans, the
Additional Loan and any Future Loans by this Loan Agreement and Promissory Note
(“Note”) which shall
accrue interest at a rate of 6% per annum.

    

    NOW
THEREFORE, in consideration of the premises, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

    

    1. The
Maker, unconditionally promises to pay to the order of the Payee, the principal
sum of the Prior Loans, the Additional Loans and any Future Loans together with
accrued interest thereon from the date of issuance hereof. The Maker further
agrees to pay all costs of collection, including reasonable attorneys' fees,
incurred by the Payee or by any other holder of this Note in any action to
collect this Note, whether or not suit is brought.

    

    3. Principal
and accrued interest shall be payable on January 30, 2010. Maker shall have the
right at any time to prepay, in whole or in part, the principal and accrued
interest without penalty upon fifteen (15) days prior written notice to the
Payee.

    

    4. The
amounts due hereunder are payable without deduction or offset in lawful money of
the United States of America in immediately available funds to the Payee at its
address as set forth above, or at such other place as the holder of this Note
shall from time to time designate.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5. It
shall be an event of default (“Event of Default”), and the
then unpaid portion of this Note shall become immediately due and payable, at
the election of Payee, upon the occurrence of any of the following
events:

     

    (a) any
failure on the part of Maker to make any payment hereunder when due, whether by
acceleration or otherwise;

    

    (b) Maker
shall commence (or take any action for the purpose of commencing) any proceeding
under any bankruptcy, reorganization, arrangement, readjustment of debt,
moratorium or similar law or statute; or

    

    (c) a
proceeding shall be commenced against Maker under any bankruptcy,
reorganization, arrangement, readjustment of debt, moratorium or similar law or
statute and relief is ordered against Maker, or the proceeding is controverted
but is not dismissed within sixty (60) days after the commencement
thereof.

    

    6. The
principal balance of this Note and all accrued interest hereunder shall be
convertible, in whole or in part, into shares of the Maker’s common stock in the
manner described below at the option of the Payee or other holder hereof at any
time prior to maturity, upon ten (10) days advance written notice to the Maker.
The number of shares of the Maker’s common stock issuable upon such conversion
shall be determined by the Board of Directors of the Company based on what it
determines the fair market value of the Company is at the time of such
conversion. Upon conversion, this Note shall be canceled and a replacement note
on identical terms shall be promptly issued by the maker to the holder hereof to
evidence the remaining outstanding principal amount hereof as of the date of the
conversion, if applicable. In the event of a stock-split, combination, stock
dividend, recapitalization of the Maker or similar event, the conversion price
and number of shares issuable upon conversion shall be equitably adjusted to
reflect the occurrence of such event.

     

    7. No
failure on the part of the Payee or any other holder of this Note to exercise
and no delay in exercising any right, remedy or power hereunder or under any
other document or agreement executed in connection herewith shall operate as a
waiver thereof, nor shall any single or partial exercise by the Payee or any
other holder of this Note of any right, remedy or power hereunder preclude any
other or future exercise of any other right, remedy or power.

    

    8. This
Note shall be binding upon the Maker and the Maker’s successors and
assigns.

    

    9. This
Note shall be governed by and construed in accordance with the laws of the State
of New York, excluding the conflicts of laws principles thereof.

    

    10. In
the event that any one or more of the provisions of this Note shall for any
reason be held to be invalid, illegal or unenforceable, in whole or in part, or
in any respect, or in the event that any one or more of the provisions of this
Note shall operate, or would prospectively operate, to invalidate this Note,
then, and in any such event, such provision or provisions only shall be deemed
null and void and of no force or effect and shall not affect any other provision
of this Note, and the remaining provisions of this Note shall remain operative
and in full force and effect, shall be valid, legal and enforceable, and shall
in no way be affected, prejudiced or disturbed thereby.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11. All
agreements between Maker and Payee are hereby expressly limited so that in no
event whatsoever, whether by reason of deferment in accordance with this Note or
under any agreement or by virtue of acceleration or maturity of the Note, or
otherwise, shall the amount paid or agreed to be paid to the Payee hereunder or
to compensate Payee for damages to be suffered by reason of a late payment
hereof, exceed the maximum permissible under applicable law. If enforcement of
any provision hereof at the time performance of such provision shall be due,
shall exceed the limit of validity prescribed by law, the relevant obligations
to be fulfilled shall be deemed reduced to the limit of such validity. This
provision shall never be superseded or waived and shall control every other
provision of all agreements among Maker and Payee.

    

    12. Subject
to applicable federal and state securities laws, the Payee may assign this Note
without first obtaining the consent of the Maker.

    

    13. Subject
to the applicable cure periods contained herein, time is of the essence of this
Note.

    

    14. EXCEPT
AS OTHERWISE SPECIFICALLY PROVIDED HEREIN, THE MAKER, AND ALL OTHERS THAT MAY
BECOME LIABLE FOR ALL OR ANY PART OF THE OBLIGATIONS EVIDENCED BY THIS NOTE,
HEREBY WAIVES PRESENTMENT, DEMAND, NOTICE OF NONPAYMENT, PROTEST AND ALL OTHER
DEMANDS AND NOTICES IN CONNECTION WITH THE DELIVERY, ACCEPTANCE, PERFORMANCE OR
ENFORCEMENT OF THIS NOTE, AND DOES HEREBY CONSENT TO ANY NUMBER OF RENEWALS OR
EXTENSIONS OF THE TIME OF PAYMENT HEREOF AND AGREE THAT ANY SUCH RENEWALS OR
EXTENSIONS MAY BE MADE WITHOUT NOTICE TO ANY SUCH PERSONS AND WITHOUT AFFECTING
THEIR LIABILITY HEREIN AND DO FURTHER CONSENT TO THE RELEASE OF ANY PERSON
LIABLE WITH RESPECT TO FAILURE TO GIVE SUCH NOTICE, (ALL WITHOUT AFFECTING THE
LIABILITY OF THE OTHER PERSONS, FIRMS, OR CORPORATIONS LIABLE FOR THE PAYMENT OF
THIS NOTE).

    

    15. TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE MAKER HEREBY KNOWINGLY AND
VOLUNTARILY WAIVES TRIAL BY JURY AND THE RIGHT THERETO IN ANY ACTION OR
PROCEEDING OF ANY KIND ARISING UNDER OR OUT OF OR OTHERWISE RELATED TO OR
CONNECTED WITH THIS NOTE OR ANY RELATED DOCUMENT.

    

    [Signature Page
Follows]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
WITNESS WHEREOF, each of the undersigned has duly executed this Loan Agreement
and Convertible Promissory Note on the date first above written.

    

    
      
        
          
            
              
                	
                        BLINK
      COUTURE, INC.

                      
	 
      	 
      
	
                        By:  

                      	
                        /s/ Thomas W.
      Colligan

                      
	 
      	
                        Thomas
      W. Colligan

                      
	 
      	
                        President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]