Document:

Exhibit 10.1

 

CREDIT CARD RECEIVABLES ADVANCE AGREEMENT

 

This Credit Card Receivables
Advance Agreement (the “Agreement”) is made as of December 21, 2015, between CC FUNDING a division of CREDIT
CASH NJ, LLC, a Delaware limited liability company with an operating office located at 505 Park Avenue, 6th Floor, New
York, NY 10022 (the “Lender”), and PHOTOMEDEX, INC., a Nevada corporation (“Lead Borrower”), RADIANCY,
INC., a Delaware corporation (“Radiancy”), PHOTOMEDEX TECHNOLOGY, INC., a Delaware corporation (“PMTI”)
and Lumiére, INC., a Nevada corporation (“Lumiére” and
together with Radiancy, PMTI and Lead Borrower, each a “Borrower” and collectively, the “Borrowers”), with
an office located at 40 Ramland Road, Suite 200 Orangeburg, NY 10962 and each with a corporate office located at 100 Lakeside Drive,
Suite 100, Horsham, PA 19044.

 

Preliminary Statements

 

(a)          The
Borrowers have requested that the Lender periodically make Advances (as defined below) to the Borrowers. Each such Advance is to
be secured by a security interest in favor of the Lender in, among other property, the Collateral, including but not limited to
all of the Borrowers’ existing and future credit card receivables and other rights to payment arising out of the Borrowers’
acceptance or other use of any credit or charge card (collectively, “Credit Card Receivables”).

 

(b)          Each
Advance is to be evidenced by a separate Advance Schedule (as defined below), which is to set forth the key economic terms applicable
to the Advance. Each Advance Schedule is to be issued pursuant to and is to be subject to all terms and conditions set forth in
this Agreement; it being understood that this Agreement is to act as a master agreement for all Advances and Advance Schedules,
if any, outstanding at any time.

 

(c)          The
Borrowers have agreed to cause the Processor (as defined below) to electronically remit the Borrowers’ collected Credit Card
Receivables to the Collection Account (as defined below).

 

(d)          The
Lender and the Borrowers now desire to enter into this Agreement to memorialize their understanding regarding the Advances and
the parties’ respective rights and obligations relating thereto.

 

NOW, THEREFORE, the
parties agree as follows:

 

1.           Advances
and Advance Schedules.

 

(a)          Advances.
The Lender may, in the exercise of its sole and absolute discretion, periodically advance monies to or for the benefit of the Borrowers.
Each such advance is referred to in herein as an “Advance,” and all such advances are collectively referred
to herein as “Advances.”

 

(b)          Advance
Schedules. If the Lender elects to make an Advance to the Borrowers, the Borrowers agrees to execute and deliver to the Lender
an advance schedule in form and substance acceptable to Lender (each, an “Advance Schedule”). Each Advance Schedule
shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters
set forth therein, the following:

 

(i)          the
“Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers in the Advance
Schedule which the Lender is to advance to or for the benefit of the Borrowers under the Advance Schedule;

 

     

     

    

 

(ii)         the
“Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers in the Advance
Schedule which the Borrowers are to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance
Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers may owe
the Lender with respect to the related Advance or otherwise);

 

(iii)        the
“Collection Date,” which shall be the date agreed to by the Lender and the Borrowers in the Advance Schedule
by which the Borrowers are to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the
Lender;

 

(iv)        the
“Collection Account,” which shall be the deposit account into which the Processor is to deposit, via electronic
funds transfer, the Borrowers’ collected Credit Card Receivables; and

 

(v)         the
“Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.

 

(c)          Discretionary
Advances. In no event shall the Lender be obligated to make an Advance to the Borrowers; it being understood that any election
by the Lender to make an Advance to the Borrowers may be exercised in the Lender’s sole and absolute discretion. Without
limiting the generality of the foregoing, the Lender’s election to make an Advance on one occasion shall not obligate the
Lender to make an Advance on another occasion. Similarly, the absence of an Event of Default shall not obligate the Lender to make
an Advance. Notwithstanding the foregoing, and without limiting any of Lender’s rights hereunder, upon Borrowers’ loan
balance being reduced to no more than twenty-five percent (25%) of the Advance Amount, and upon Borrowers’ request, Lender
may, in Lender’s sole business discretion, “re-load” the Advance Amount and loan additional monies to Borrowers
upon substantially the same terms and conditions set forth herein. Borrowers understands that any “re-loads” would
be made at the sole business discretion of Lender and be conditioned upon, among other things, Borrowers’ payment history
with Lender and Borrowers’ financial condition, as determined by Lender.

 

2.           Repayment
of Advances.

  

(a)          Processor to Remit Collections to Collection
Account. The Borrowers represent and warrant to the Lender that all of the Borrowers’ Credit Card Receivables generated
by activities based in the United States are or will be processed by *, a processor acceptable to Lender (together with any subsequent
successors or assigns, the “Processor”). The Borrowers agrees to execute and deliver to the Lender, and to cause
the Processor to execute and deliver to the Lender, a payment instruction agreement in form and substance reasonably acceptable
to Lender (the “Payment Instruction Agreement”). The Payment Instruction Agreement is to provide that (i) the
Processor is to remit, via electronic funds transfer, to the Collection Account all of the Borrowers’ Credit Card Receivables
collected by the Processor (net of any discounts, fees and/or similar amounts payable to the Processor by the Borrowers which the
Processor is entitled to deduct from the proceeds of the Credit Card Receivables pursuant to the terms of the Processor Agreement
(as defined below) and net of any charge-backs, offsets and/or other amounts which the Processor is entitled to deduct from the
proceeds of the Borrowers’ Credit Card Receivables pursuant to the terms of the Processor Agreement), and (ii) the Processor
must continue transferring such funds until such time as the Lender gives the Processor written notice that (A) the Lender has
received all Collection Amounts for all Advances then outstanding, and (B) there are no Reimbursable Expenses (each as defined
below) or other fees or charges then outstanding. If requested by the Borrowers in writing, the Lender agrees to give the foregoing
notice to the Processor if the conditions described in the preceding clauses (A) and (B) have each been satisfied.

 

		* Confidential information has been omitted pursuant to a request for confidential treatment
                                                                             and filed separately with the Securities and Exchange Commission.

 

    	 	Page 2 of 15	Borrowers’ initials: _______

     

    

 

(b)          Collection
Account Bank to Remit Collections to Lender; Lender to Remit Portion to Borrowers. The Borrowers agree to execute and deliver
a control agreement or similar agreement among the Borrowers, the Lender and the Collection Account Bank (the “Control
Agreement”) whereby, among other things, the Lender shall be deemed to have “control” of the Collection Account
and all funds at any time deposited therein for purposes of UCC § 9-104(a)(2) or (3), as the Lender so elects. The Control
Agreement also is to provide that the Collection Account Bank is to periodically remit, via electronic funds transfer, all funds
on deposit in the Collection Account to a bank account designated by the Lender (the “Lender Account”). Insofar
as funds on deposit in the Collection Account are remitted to the Lender Account, the Lender will retain a fixed amount each banking
day (which amount will be doubled the day after a banking holiday) to credit to the Collection Amount, in an amount as set forth
in each respective Advance Schedule (the “Fixed Daily Payment”) until the cash payments applied by the Lender
equal the Collection Amount (plus all Reimbursable Expenses and all other fees and charges due under this Agreement) and remit
to Borrowers, via electronic funds transfer to a bank account designated by the Borrowers in a writing delivered to the Lender,
the balance of all such funds in the Lender Account; provided, however, that if the Lender, in its
reasonable judgment, deems that it is insecure at any time in the timely payment of the Collection Amount on the basis of the then
current Fixed Daily Payment, regardless of whether an Event of Default has occurred, Borrowers agree that the Lender may increase
the Fixed Daily Payment from time to time to assure timely payment of the Collection Amount; provided, further,
that in the event Borrowers should sell a substantial portion of Borrowers’ business or assets pursuant to an asset purchase
sale or similar transaction, including but not limited to, the assets related to the skin and hair division, Borrowers agree to
remit a portion of such sale proceeds directly to Lender in an amount equal to the lesser of (i) the aggregate balance of the Collection
Amount of all outstanding Advance Schedules and (ii) $1,500,000, to be applied to the balance of the obligations of Borrower in
inverse order of maturity; provided, further, still, that in the event such sale does
not occur on or before February 15, 2016, Borrowers agree and hereby authorize Lender, to notify Borrowers’ customers, Bed
Bath & Beyond and Home Shopping Network, to make payments otherwise due to Borrowers directly to Lender.

 

(c)          In
the event Borrowers do not maintain sufficient balances in the Collection Account for Lender to retain the Fixed Daily Payment,
Borrowers will be subject to a five percent (5%) late fee for the amount of any deficiency, which would be added to the Collection
Amount and automatically retained from the next daily payment.

 

    	 	Page 3 of 15	Borrowers’ initials: _______

     

    

 

(d)          Borrowers
Authorize Lender to Initiate Debit Payments From any Collection Account. In the event Borrowers do not maintain sufficient
balances in the Collection Account for Lender to retain the Fixed Daily Payment or upon the occurrence of an Event of Default,
Borrowers hereby irrevocably authorize Lender to automatically initiate automated clearing house (“ACH”) transfers
from any bank deposit account of Borrowers on file with Lender, each of which shall be deemed to be a Collection Account, in such
amounts as is provided in this Agreement. The ACH debits shall continue, at Lender’s option, until (i) monies are deposited
into the Lender Account in an amount sufficient to retain the Fixed Daily Payment (plus all past due amounts, Reimbursable Expenses
and all other fees and charges due under this Agreement), (ii) the Event(s) of Default shall have been cured, or (iii) the cash
payments received by the Lender equal the Collection Amount (plus all Reimbursable Expenses and all other fees and charges due
under this Agreement).

 

(e)          Monthly
True-Up. Intentionally omitted.

 

(f)          Collection
Amount Not Received by Collection Date. If the Collection Amount specified in an Advance Schedule is not received by the Lender
by the Collection Date specified in the Advance Schedule, or if any other Event of Default exists, the Borrowers shall immediately
pay to the Lender the balance of the Collection Amount that has not yet been remitted to and received by the Lender. Notwithstanding
the Lender’s right to demand the immediate payment of all outstanding obligations hereunder on the Collection Date, in the
event Borrowers’ obligation to pay the Collection Amount (plus Reimbursable Expenses and all other fees and charges due hereunder
and under the related Agreements) is not satisfied on or before the Collection Date, and provided Borrowers are not otherwise in
default of this Agreement, in lieu of increasing the Fixed Daily Payment, the Lender may, at the Lender’s option, continue
to apply the specified Fixed Daily Payment to the obligations of the Borrowers hereunder. In consideration of the Lender extending
the Collection Date, Borrowers hereby understands and agrees that Borrowers shall pay to the Lender an extension fee equal to two
percent (2%) of the highest outstanding balance of Borrowers’ obligations to Lender for each 30 day period (or part thereof)
after the Collection Date. The extension fee would automatically be charged to Borrowers’ account on the 1st day
after the Collection Date and each 30 days thereafter. Borrowers further understand and agree that if any event or condition specified
in the first sentence of this Section 2(f) exists, the Lender may, in Lender’s reasonable business discretion, increase the
Fixed Daily Payment to 100% of the funds received into the Collection Account and, as such, recover from the Collection Account
and/or retain in the Lender Account all amounts due the Lender under this Agreement and/or any Related Agreements (as defined below).

 

3.           Security
Interest.

 

3.1           Grant
of Security Interest.  As security for the prompt performance, observance and payment in full of all obligations of
Borrowers to Lender hereunder, each Borrower hereby pledges, assigns, transfers and grants to Lender a security interest in, and
continuing lien upon, and right of setoff against the following property, whether such property or the Borrowers’ right,
title or interest therein or thereto is now owned or existing or hereafter acquired or arising: (a) all Accounts, including, without
limitation, all Credit Card Receivables; (b) all other payment rights arising out of the provision of goods or services by the
Borrowers; (c) the Collection Account; (d) all rights to receive payments from the Processor and all other rights arising out of
or otherwise relating to the Processor Agreement; (e) Chattel Paper, including Electronic Chattel Paper and tangible Chattel Paper;
(f) Commercial Tort Claims; (g) Documents; (h) Equipment, machinery, furniture, furnishings and fixtures and all parts, tools,
accessories and Accessions; (i) Fixtures; (j) General Intangibles, including but not limited to patents, trademarks and tradenames
and the goodwill and inherent value associated therewith, tax refunds, customer lists, insurance claims and goodwill of Borrower;
(k) Goods; (l) Instruments; (m) Inventory, merchandise, materials, whether raw, work in progress or finished goods, packaging and
shipping materials and all other tangible property held for sale or lease; (n) Investment Property; (o) Payment Intangibles; (p)
Proceeds, including Cash Proceeds and Non-Cash Proceeds, and proceeds of any insurance policies covering any of the Collateral;
(q) Promissory Notes; (r) Records, including all books, records and other property at any time evidencing or relating to any of
the foregoing, and all electronic means of storing such Records; (s) to the extent not otherwise included above, all collateral
support and Supporting Obligations relating to any of the foregoing; and (t) to the extent not otherwise included above, all Proceeds,
products, accessions, rents and profits of or in respect of any of the foregoing (collectively, the “Collateral”).
All capitalized terms in this description that are not otherwise defined shall have the meanings given to them under the UCC. Each
of the Borrowers also unconditionally and irrevocably assigns to Lender and grants to Lender a security interest in and to all
its present and future right, title and interest to receive monies under all present and future Processor Agreements (as hereinafter
defined), all other agreements with Processors, agents, independent sales organizations (ISO’s) and all other persons, all
of which shall be deemed to be part of the Collateral. In addition to the foregoing, the security interest in the Collateral secures
the payment and performance of all existing and future obligations of any nature whatsoever of the Borrowers to the Lender, including,
without limitation, the Borrowers’ obligation to pay all Collection Amounts, fees, and Reimbursable Expenses owing at any
time under this Agreement and/or any Related Agreements. The term “Borrowers,” as used in this Section 3, and for purposes
of identifying the debtor(s) granting the security interest in this Section 3, shall mean the Borrowers in their own capacity and
as agent for each Borrower Affiliate (as defined below).

 

    	 	Page 4 of 15	Borrowers’ initials: _______

     

    

 

3.2.         Authorization
to File Financing Statements. Borrowers hereby authorize Lender to execute and/or file UCC financing statements (including
amendments) in order to perfect the security interests granted to Lender under this Agreement, the Related Agreements or otherwise.

 

4.           Control
of Collection Account. In addition to the matters described in Section 2(b) above, the Control Agreement is also to provide
that the Lender’s security interest in the Collection Account is to be perfected by control for purposes of UCC §9-104(a)(2).

 

5.           No
Change in Processor.

 

Borrowers covenant
and agree that from the date of execution of this Agreement until all obligations have been fully paid and any commitments of the
Lender to the Borrowers have been terminated, the Borrowers will not, without the Lender’s prior written consent amend or
terminate the Processor Agreement, or enter into any contractual relationship with any other processor for the maintenance, servicing
or discounting of the Borrowers’ Credit Card Receivables. Borrowers further agree that in the event Lender does not receive
the daily information or access to information from Processor and/or Processor’s system, as provided for in this Agreement,
Lender in addition to all other rights and remedies it has, may require in its sole discretion, that Borrowers move to another
Processor of Lender’s choosing.

 

6.           Representations
and Warranties. The Borrowers represent and warrant to the Lender as follows: (a) all of the information provided by the Borrowers
to the Lender pursuant to this Agreement or otherwise is true, correct and complete in all respects; (b) each Borrower has full
power and authority to enter into this Agreement and any Related Agreements and to perform its obligations hereunder and thereunder;
(c) each of the Borrowers is duly organized, validly existing and in good standing under the laws of the respective jurisdiction
of its organization; (d) the Borrowers are duly qualified to do business in each jurisdiction in which they conduct business; (e)
this Agreement is the legal and valid obligation of each of the Borrowers, enforceable against the Borrowers in accordance with
its terms; (f) each of the Borrowers is solvent, has not made an assignment for the benefit of creditors or filed in any court,
pursuant to any statute of the United States or any state, a petition for bankruptcy or insolvency, or filed for reorganization
or for the appointment of a receiver or trustee of all or a material portion of its property, and none of the Borrowers has any
reason to believe any involuntary bankruptcy action or order will be filed with respect to any of the Borrowers; (g) all amounts
due from the Processor are due in United States Dollars; (h) any taxes or fees relating to any Credit Card Receivables or goods
or services sold by the Borrowers are solely the Borrowers’ responsibility; (i) the historical Credit Card Receivable data
provided by the Borrowers to the Lender does not represent sales to any subsidiary, equity holder or other affiliate; (j) the Lender
has a perfected security interest in the Collateral subject to no other security interest, lien or claim; (k) each Borrower has
provided to the Lender a copy of all its processor or similar agreements with the Processor (collectively, and as amended or otherwise
modified from time to time, the “Processor Agreement”); and (l) neither the Borrowers, any shareholder/owner,
principal or officer of the Borrowers nor any guarantor of the Borrowers’ obligations hereunder has been or currently is
on any processor’s Terminated Borrowers File (“TMF”) or similar file or list, commonly known and referred to
as the MATCH list or BLACKLIST.

 

    	 	Page 5 of 15	Borrowers’ initials: _______

     

    

  

7.           Covenants. Each of the Borrowers
agree as follows: (a) to conduct its business and use all Advances in the ordinary course of its business and consistent with its
past practices; (b) to exclusively use * as the Processor to process all of its U.S. based charge card, credit card and debit card
transactions which give rise to Credit Card Receivables; (c) not to take any action to discourage the use of charge cards, credit
cards or debit cards or to permit any event to occur which could have an adverse effect on the use, acceptance or authorization
of charge cards, credit cards or debit cards for the purchase of the Borrowers’ services and products; (d) not to change
its arrangements with Processor without obtaining the prior written consent of the Lender; (e) not to permit any event to occur
that could cause a diversion of any of the Borrowers’ U.S. based charge card, credit card or debit card transactions to another
charge, credit or debit card processor or to another charge, credit or debit card network or association; (f) to hold all proceeds
of Collateral remitted directly to Borrowers or to a bank deposit account that is not Collection Account or to a deposit account
over which Lender does not have control, in trust for Lender, and Borrowers shall deliver all such proceeds to Lender in kind,
with appropriate endorsements or by federal wire transfer if received electronically, on the next business day following receipt
by Borrowers; (g) to comply with all of the terms and conditions imposed by the Processor and/or any applicable charge, credit
or debit card network, association or bank; (h) to provide the Lender with at least 10 days prior written notice of any event which
would cause any of the information provided by the Borrowers to the Lender in this Agreement or otherwise to be untrue, incorrect
or incomplete in any respect; (i) to provide the Lender with at least 30 days prior written notice of the partial or full closing
of any of Borrowers’ locations; (j) not to grant any lien on or security interest in, or sell, assign transfer, pledge or
otherwise dispose of, any Credit Card Receivables or other Collateral existing or arising on or after the date of this Agreement,
without the prior written consent of Lender, which will not be unreasonably withheld or delayed; provided, lien subordination
agreements, intercreditor agreements or similar agreements deemed reasonably necessary by Lender as a condition to any such consent
are entered into, in each case, in form and substance acceptable to Lender; (k) to comply with all laws, rules and regulations
applicable to the Borrowers; (l) to immediately inform Lender if Borrowers, any shareholder/owner, principal or officer of the
Borrowers or any guarantor of the Borrowers’ obligations hereunder has knowledge that any such person is put on or is associated
in any way to any Processor TMF list or MATCH list or similar file or list; (m) to permit the Lender and persons designated by
the Lender, upon reasonable prior notice and without interference with Borrowers’ business operations, to inspect and copy
all books and records (electronic or otherwise) of the Borrowers, including, without limitation, all such books and records relating
to the Collateral; (n) not to agree to sell, assign, transfer, pledge or otherwise dispose of the issued and outstanding shares
of common stock or other evidence of ownership of Borrowers, the result of which would cause a change of control or management,
or sell, assign, transfer, pledge or otherwise dispose of a substantial portion of Borrowers’ business or assets without
the prior written consent of Lender, which will not be unreasonably withheld or delayed; and (o) at Lender’s request, make
all commercially reasonable efforts to cooperate with and assist Lender in the collection and liquidation of the Credit Card Receivables
and other Collateral, in the ordinary course of business and after the occurrence and continuation of an Event of Default. In addition,
the Borrowers covenant and agree that each Credit Card Receivable will (x) be based upon a bona fide sale and delivery of inventory
or rendition of services made by the Borrowers in the ordinary course of its business, and (y) represent a payment obligation for
goods or services accepted by the Borrowers’ customer and with respect to which such customer is obligated to pay the full
amount and without dispute, claim, offset, defense, deduction, rejection, recoupment, counterclaim or otherwise, except for the
Borrowers’ customary return policies.

 

		* Confidential information has been omitted pursuant to a request for confidential treatment
                                                                             and filed separately with the Securities and Exchange Commission.

 

    	 	Page 6 of 15	Borrowers’ initials: _______

     

    

 

8.           Loan
Proceeds for Ordinary Business Use Only. Any Advance at any time received by the Borrowers from Lender shall not be used directly
or indirectly other than in the Borrowers’ business; Borrowers shall not, directly or indirectly, make any loan to, or pay
any claim other than for current remuneration or current reimbursable expense payable to any person controlling, controlled by
or under common control with the Borrowers, and Borrowers shall, on demand, obtain and deliver to Lender subordinations in form
and substance satisfactory to Lender of all claims of controlling and controlled persons consistent with the foregoing.

 

9.           Credit
Investigation; Inspection Rights. The Borrowers irrevocably authorize the Lender and its agents: (a) to investigate any references
or any other information provided by the Borrowers or obtained from or about the Borrowers for purposes of this Agreement or any
Related Agreements; (b) to obtain any information from the Processor regarding the Borrowers, including, without limitation, any
information relating to the Borrowers’ Credit Card Receivables; (c) if the Lender so elects, following an Event of Default
and while such Event of Default is continuing, to contact and obtain any information from any account debtors or other persons
liable for or involved in the payment, collection, processing or any other aspect of the Borrowers’ Credit Card Receivables
and/or the collection or payment thereof; provided, Lender may contact the Processor and the account debtors listed
in Section 2(b) above at anytime in Lender’s reasonable discretion.

 

10.         Borrowers’
Use of Trade Names; Borrower Affiliates. If the Borrowers’ Credit Card Receivables are payable to the Borrowers under
one or more trade names, fictitious names, assumed names or other designations (collectively, “Trade Names”),
each Borrower authorizes the Processor and, to the extent applicable, the Collection Account Bank and the Lender to receive and
retain, to the extent provided herein or in any Related Agreements, all Credit Card Receivables owing to the Borrowers under any
Trade Names. Similarly, if any financial information, historical data or other information provided by the Borrowers to the Lender
relates to any credit card or debit card receivables or the like owing or otherwise payable to any affiliates of the Borrowers
(each, a “Borrower Affiliate”), (a) each of the Borrowers represents and warrants to the Lender that each such
Borrower Affiliate has authorized the Borrower, as the Borrower Affiliate’s agent, to take all action described in or contemplated
by this Agreement or any Related Agreements with respect to such Borrowers Affiliate’s receivables, including, without limitation,
the granting of the security interest in the Borrowers Affiliate’s assets described in Section 3 above, and (b) unless the
context clearly requires otherwise, all references in this Agreement or any Related Agreements to “Borrowers” shall
be deemed to refer to the Borrowers on its own behalf and as agent for all Borrower Affiliates.

 

11.         Events
of Default. The occurrence of any of the following actions shall constitute an “Event of Default” under
this Agreement: (a) the Borrowers fail to pay, perform or observe any obligation of the Borrowers to the Lender, including, without
limitation, the Borrowers fail to pay any Collection Amounts, fees or Reimbursable Expenses owing to the Lender; (b) if collections
into the Lender Account are insufficient to retain the Fixed Daily Payment on two (2) days in any thirty (30) day period; (c) if
Borrowers do not remit sale proceeds to Lender upon the consummation of a sale as required in Section 2(b) above; (d) any representation
or warranty made at any time by the Borrowers to the Lender, or any information regarding the Borrowers supplied at any time by
the Borrowers to the Lender regarding the Borrowers or its business, shall prove to be false or misleading in any material respect;
(e) any bankruptcy or other insolvency action shall be filed by any Borrower or any receiver shall be appointed; (f) any bankruptcy
or other insolvency action shall be filed against any Borrower and is not discharged within sixty (60) days; (g) the Borrowers
violate any provision of this Agreement and the Related Agreements and, to the extent curable, such violation is not cured within
ten (10) days after written notice from Lender; (h) the Borrowers violate the provisions of the Payment Instruction Agreement or
the Processor Agreement, or the Borrowers utilize any person other than the Processor to process any U.S. based Credit Card Receivables;
or (i) any material adverse change occurs in the economic condition or prospects of any of the Borrowers, including but not limited
to, Borrowers’ default under any material third party agreements, including real estate leases, equipment leases or any other
financing agreements.

 

    	 	Page 7 of 15	Borrowers’ initials: _______

     

    

 

12.         Remedies.
Upon the occurrence of an Event of Default and while such Event of Default is continuing, the Lender (a) shall be entitled to exercise
all rights and remedies specified in this Agreement and/or any of the Related Agreements, including, but not limited to, increasing
the Fixed Daily Payments in such amount as Lender deems reasonable as a result of such default and/or initiating ACH debits to
one or more Borrowers bank deposit accounts as provided in Section 2(d) above, (b) shall be entitled to assess, in addition to
all other rights, remedies and fees, a Default Rate of interest on all outstanding obligations of the Borrowers at the default
rate of 18% per annum (the "Default Rate") and such default interest shall be payable on demand. The Default Rate
shall be computed on the basis of a 360-day year for the actual number of days elapsed and shall be computed on the daily outstanding
balance of Borrowers’ obligations for each day Borrowers remain in default or until all obligations are paid in full, whichever
is earlier; (c) shall have all rights and remedies of a secured party upon default under the UCC, including but not limited to,
the right to notify account debtors, and (d) shall be entitled to exercise all other rights available to it at law or in equity.
All rights and remedies of the Lender shall be cumulative, and no failure or delay in exercising any right or remedy by the Lender
shall preclude the Lender from exercising the same or any other right or remedy.

 

13.         Reimbursable
Expenses. The Borrowers agree to reimburse the Lender on demand for the following (collectively, “Reimbursable Expenses”):
(a) all reasonable out-of-pocket costs and expenses incurred at any time by the Lender in connection with any due diligence and/or
credit investigation of the Borrowers; (b) reasonable attorney’s fees and expenses incurred with respect to the negotiation,
preparation, consummation, administration and/or any amendment of this Agreement and any other agreements between the Borrowers
and the Lender, including, without limitation, any guaranty of all or any portion of the Borrowers’ obligations to the Lender;
(c) any review or verification of the Borrowers’ Credit Card Receivables, any public records searches and the filing or other
recordation of any Uniform Commercial Code financing statements or other documents necessary or, in the Lender’s judgment,
desirable to perfect or preserve the security interest and other rights or remedies granted or available to the Lender under this
Agreement; (d) a service charge of $50.00 for each federal wire transfer initiated by or on behalf of the Lender to or for the
benefit of the Borrowers or at Borrowers’ option, $10.00 for each Automated Clearing House (“ACH”) transfer initiated
by or on behalf of the Lender to or for the benefit of the Borrowers; (e) a service charge for disbursements made to third parties
in an amount equal to 15% of the amount for each check issued by the Lender to the Borrowers or to a third party for or on behalf
of the Borrowers’ account; and (f) so long as any Event of Default is in effect, all costs and expenses incurred by the Lender
to enforce any of its rights and remedies under this Agreement and any Related Agreements, including, without limitation, attorneys’
fees and expenses and all experts’ and advisors’ fees and expenses incurred by the Lender in connection therewith.
In furtherance thereof, Borrowers hereby authorizes Lender to retain monies from the Lender Account for the payment of any and
all Reimbursable Expenses.

 

    	 	Page 8 of 15	Borrowers’ initials: _______

     

    

 

14.         Indemnification.
Each Borrower agrees to indemnify, defend and hold harmless the Lender and its equity holders, officers, managers, employees and
agents from and against any damages, claims, liabilities, costs, expenses and/or other losses, including, without limitation, attorney’s
fees and court costs, arising out of or otherwise relating in any respect to this Agreement and/or any Related Agreements, the
transactions contemplated hereby and/or the exercise or enforcement of any rights of the Lender in connection therewith, except
insofar as any such indemnified losses arise out of the gross negligence or willful misconduct of an indemnified party. This Section
shall survive any termination of this Agreement.

 

15.         Power
of Attorney. Each Borrower irrevocably designates, makes, constitutes and appoints the Lender, and all persons designated by
the Lender, as the Borrowers’ true and lawful attorney and agent-in-fact (such power of attorney and agency being coupled
with an interest and therefore irrevocable until all of the Borrowers’ obligations to the Lender have been satisfied), and
the Lender, and any persons designated by the Lender, may, at any time except as otherwise provided below, and without notice to
or the consent of the Borrowers and in either the Borrowers’ or the Lender’s name, (a) pay and/or perform any obligations
of the Borrowers under this Agreement or any of the Related Agreements, (b) receive payments relating to the Collateral in the
Borrowers’ name and endorse the Borrowers’ name on any checks, notes, acceptances, drafts, money orders or any other
evidence of payment or proceeds of any Collateral which come into the possession of the Lender or its agents or under the Lender’s
or its agents’ control, and (c) at any time an Event of Default exists, (i) to the extent the Collateral consists of accounts
receivable, enforce payment of the accounts by legal proceedings or otherwise and generally exercise all of the Borrowers’
rights and remedies with respect to the collection of the accounts, (ii) settle, adjust, compromise, discharge or release any accounts
or other Collateral or any legal proceedings brought to collect any of the accounts or other Collateral, (iii) sell or otherwise
transfer any Collateral upon such terms, for such amounts and at such time or times as the Lender deems advisable, (iv) take control,
in any manner, of any item of payment or proceeds relating to any Collateral, (v) prepare, file and sign the Borrowers’ name
to a proof of claim in bankruptcy or similar document against any account debtor, (vi) use the information recorded on or contained
in any data processing equipment and computer hardware and software relating to accounts and any other Collateral and to which
the Borrowers have access solely as required to collect Accounts, Inventory and other Collateral, and (vii) do all other acts and
things necessary, in the Lender’s determination, to fulfill the Borrowers’ obligations under this Agreement and the
Related Agreements.

 

16.         JOINT
AND SEVERAL OBLIGATIONS 

 

16.1.       Borrowers
is defined collectively to include all Persons constituting the Borrowers; provided, however, that any references herein to "any
Borrower", "each Borrower" or similar references, shall be construed as a reference to each individual Person comprising
the Borrowers. Each Person comprising Borrowers shall be jointly and severally liable for all of the obligations of Borrowers under
this Agreement regardless of which of the Borrowers actually receives the proceeds of the indebtedness governed hereby or the benefit
of any other extensions of credit hereunder or the benefit of any other extension of credit under the Loan Documents, or the manner
in which the Borrowers or the Lender account therefor in their respective books and records. In addition, each entity comprising
Borrowers hereby acknowledges and agrees that all of the representations, warranties, covenants, obligations, conditions, agreements
and other terms contained in this Agreement shall be applicable to and shall be binding upon and measured and enforceable individually
against each Person comprising Borrowers as well as all such Persons when taken together. By way of illustration, but without limiting
the generality of the foregoing, the terms of Section 6.1 of this Agreement are to be applied to each individual Person comprising
the Borrowers (as well as to all such Persons taken as a whole), such that the occurrence of any of the events described in Section
6.1 of this Agreement as to any Person comprising the Borrowers shall constitute an Event of Default even if such event has not
occurred as to any other Persons comprising the Borrowers or as to all such Persons taken as a whole (except as otherwise expressly
provided therein).

 

16.2.       Each
Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter
alia, their combined ability to bargain with other Persons including without limitation their ability to receive the credit extensions
under this Agreement and the other Loan Documents on favorable terms granted by this Agreement and other Loan Documents which would
not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to
procure the credit facilities contemplated hereunder, with the credit support of the other Borrowers as contemplated by this Agreement
and the other Loan Documents.

 

    	 	Page 9 of 15	Borrowers’ initials: _______

     

    

 

16.3.       Lender
has advised the Borrowers that it is unwilling to enter into this Agreement and the other Loan Documents and make available the
credit facilities extended hereby to any Borrower unless each Borrower agrees, among other things, to be jointly and severally
liable for the due and proper payment of the Obligations of each other Borrower under this Agreement and the other Loan Documents.
Each Borrower has determined that it is in its best interest and in pursuit of its purposes that it so induce the Lender to extend
credit pursuant to this Agreement and the other documents executed in connection herewith (i) because of the desirability to each
Borrower of the credit facilities hereunder and the interest rates and the modes of borrowing available hereunder, and (ii) because
each Borrower requires access to funds under this Agreement for the purposes herein set forth. Each Borrower, individually, expressly
understands, agrees and acknowledges, that the credit facilities contemplated hereunder would not be made available on the terms
herein in the absence of the collective credit of all of the Persons constituting the Borrowers, the joint and several liability
of all such Persons, and the cross-collateralization of the collateral of all such Persons hereunder and under the Loan Documents.
Accordingly, each Borrower individually acknowledges that the benefit to each of the Persons comprising the Borrowers as a whole
constitutes reasonably equivalent value, regardless of the amount of the indebtedness actually borrowed by, advanced to, or the
amount of credit provided to, or the amount of collateral provided by, any individual Borrower.

 

16.4.       To
the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder
and under the other Loan Documents invalid or unenforceable, such Borrower's obligations hereunder and under the other Loan Documents
shall be limited to the maximum amount which does not result in such invalidity or unenforceability; provided, however, that each
Borrower's obligations hereunder and under the other Loan Documents shall be presumptively valid and enforceable to their fullest
extent in accordance with the terms hereof or thereof, as if this Section were not a part of this Agreement.

 

16.5.       To
the extent that any Borrower shall make a payment under this Section of all or any of the Obligations (other than credit facilities
made to that Borrower for which it is primarily liable) (a "Joint Liability Payment") which, taking into account all
other Joint Liability Payments then previously or concurrently made by any other Borrower, exceeds the amount which such Borrower
would otherwise have paid if each Borrower had paid the aggregate Obligations satisfied by such Joint Liability Payments in the
same proportion that such Borrower's Allocable Amount (as defined below) (as determined immediately prior to such Joint Liability
Payments) bore to the aggregate Allocable Amounts of each of the Borrowers as determined immediately prior to the making of such
Joint Liability Payments, then, following indefeasible payment in full in cash of the Obligations and termination of the commitments,
such Borrower shall be entitled to receive contribution and indemnification payments from, and be reimbursed by, each other Borrower
for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Joint
Liability Payments. As of any date of determination, the "Allocable Amount" of any Borrower shall be equal to the maximum
amount of the claim which could then be recovered from such Borrower under this Section without rendering such claim voidable
or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act,
Uniform Fraudulent Conveyance Act or similar statute or common law.

 

    	 	Page 10 of 15	Borrowers’ initials: _______

     

    

 

16.6.       Lender
is authorized, without notice or demand and without affecting the liability of any Borrower hereunder, to, at any time and from
time to time, (i) renew, extend or otherwise increase the time for payment of the Obligations; (ii) with the written agreement
of Lead Borrower, accelerate or otherwise change the terms relating to the Obligations or otherwise modify, amend or change the
terms of any promissory note or other agreement, document or instrument now or hereafter executed by any Borrower and delivered
to Lender; (iii) accept partial payments of the Obligations; (iv) take and hold security or collateral for the payment of the Obligations
or for the payment of any guarantees of the Obligations and exchange, enforce, waive and release any such security or collateral;
(v) apply such security or collateral and direct the order or manner of sale thereof as Lender, in its sole discretion, may determine;
and (vi) settle, release, compromise, collect or otherwise liquidate the Obligations and any security or collateral therefor in
any manner, without affecting or impairing the obligations of any Borrower. Except as specifically provided in this Agreement or
any of the other Loan Documents, Lender shall have the exclusive right to determine the time and manner of application of any payments
or credits, whether received from any Borrower or any other source, and such determination shall be binding on all Borrowers. All
such payments and credits may be applied, reversed and reapplied, in whole or in part, to any of the Obligations as Lender shall
determine in its sole discretion without affecting the validity or enforceability of the Obligations of any other Borrower; provided,
all such payments shall be deemed applied by Lender on the day such payment is received or, if received after 1pm New York, NY
time, the next business day.

 

16.7.       Each
Borrower hereby agrees that, except as hereinafter provided, its obligations hereunder shall be unconditional, irrespective of
(i) the absence of any attempt to collect the Obligations from any obligor or other action to enforce the same; (ii) the waiver
or consent by Lender with respect to any provision of any instrument evidencing the Obligations, or any part thereof, or any other
agreement heretofore, now or hereafter executed by a Borrower and delivered to Lender; (iii) failure by Lender to take any steps
to perfect and maintain its security interest in, or to preserve its rights to, any security or collateral for the Obligations;
or (iv) any other circumstance other than payment in full of the Obligations which might otherwise constitute a legal or equitable
discharge or defense of a guarantor or surety.

 

16.8.       Until
all Obligations have been paid and satisfied in full, no payment made by or for the account of a Borrower including, without limitation,
(i) a payment made by such Borrower on behalf of the liabilities of any other Borrower, or (ii) a payment made by any other person
under any guarantee, shall entitle such Borrower, by subrogation or otherwise, to any payment from any other Borrower or from or
out of any other Borrower's property and such Borrower shall not exercise any right or remedy against any other Borrower or any
property of any other Borrower by reason of any performance of such Borrower of its joint and several obligations hereunder.

 

16.9.       Any
notice given by Lead Borrower hereunder shall constitute and be deemed to be notice given by all Borrowers, jointly and severally.
Notice given by Lender to Lead Borrower hereunder or pursuant to any Related Agreement in accordance with the terms hereof or thereof
shall constitute notice to each and every Borrower. The knowledge of Lead Borrower shall be imputed to all Borrowers and any consent
by Lead Borrower shall constitute the consent of and shall bind all Borrowers.

 

16.10.     This
Section is intended only to define the relative rights of Borrowers and nothing set forth in this Section is intended to or shall
impair the obligations of Borrowers, jointly and severally, to pay any amounts as and when the same shall become due and payable
in accordance with the terms of this Agreement or any other Loan Documents. Nothing contained in this Section shall limit the liability
of any Borrower to pay the credit facilities made directly or indirectly to that Borrower and accrued interest, fees and expenses
with respect thereto for which such Borrower shall be primarily liable.

 

16.11.     The
parties hereto acknowledge that the rights of contribution and indemnification hereunder shall constitute assets of each Borrower
to which such contribution and indemnification is owing. The rights of any indemnifying Borrower against the other Borrowers under
this Section shall be exercisable upon the full and indefeasible payment of the Obligations and the termination of the credit facilities
hereunder.

 

    	 	Page 11 of 15	Borrowers’ initials: _______

     

    

  

16.12.     Each
Borrower, as joint and several primary obligor of the Obligations directly incurred by any other Borrower authorizes Lender, without
giving notice to such Borrower or to any other Borrower or obtaining such Borrower's consent or any other Borrower's consent and
without affecting the liability of such Borrower for the Obligations directly incurred by another Borrower, from time to time
to exercise any right afforded Lender under the Loan Documents including without limit the exercise of any remedy afforded Lender
under Section 12 hereof:

 

16.13.     Each
Borrower, as a primary, joint and several obligor with respect to the Obligations directly incurred by any other Borrower waives
each and every defense which it has waived hereunder as a Borrower in its own right and any defense available to a surety under
applicable law, except the defense of payment actually received by Lender.

 

16.14.     Each
Borrower further agrees that its obligations hereunder shall not be impaired in any manner whatsoever by any bankruptcy, extensions,
moratoria or other relief granted to any other Borrower pursuant to any statute presently in force or hereafter enacted.

 

16.15.     Each
Borrower authorizes Lender to exercise, in its sole discretion, any right, remedy or combination thereof which may then be available
to Lender, since it is such Borrower's intent that the Obligations be absolute, independent and unconditional obligations of such
Borrower under all circumstances. Notwithstanding any foreclosure on any Collateral with respect to any or all of any property
securing the Obligations, whether by the exercise of the power of sale contained therein, by an action for judicial foreclosure
or by an acceptance of a deed in lieu of foreclosure, each Borrower shall remain bound by this Agreement until all Obligations
incurred by any other Borrower are satisfied in full.

 

16.16.    This
Agreement is a primary and original obligation of each of the Borrowers and each of the Borrowers shall be liable for all existing
and future Obligations of any other Borrower as fully as if such Obligations were directly incurred by such Borrower.

 

17.         Miscellaneous
Definitions. The following terms have the following meanings in this Agreement (capitalized terms defined in this Section,
or elsewhere in this Agreement, in the singular are to have a corresponding meaning when used in the plural, and vice versa):

 

(a)          “Related
Agreements” means the Control Agreement, the Payment Instruction Agreement, all Advance Schedules and all other agreements
to which the Lender and the Borrowers are parties from time to time, as any of the foregoing may be amended or otherwise modified
from time to time.

 

(b)          “UCC”
means Article 9 of the Uniform Commercial Code as in effect in the State of New Jersey from time to time.

 

18.         Miscellaneous.

 

(a)          Entire
Agreement; Waiver. This Agreement constitutes the entire agreement between the parties with regard to the subject matter hereof,
and supersedes any prior agreements or understandings. This Agreement can be changed only by a writing signed by all parties. The
failure or delay of the Lender in exercising any right hereunder will not constitute a waiver thereof or bar the Lender from exercising
any of its rights at any time.

 

    	 	Page 12 of 15	Borrowers’ initials: _______

     

    

 

(b)          One
General Obligation; Cross Collateral. Each Borrower understands and agrees that all loans and advances by Lender to Borrowers
under this Agreement, all Advance Schedules and the other Related Agreements, constitute one loan, and all indebtedness and obligations
of Borrowers to Lender under this Agreement and all Advance Schedules, present and future, constitute one general obligation secured
by the Collateral and security held and to be held by Lender hereunder and by virtue of all other agreements between Borrowers
(and all guarantors) and Lender now and hereafter existing, including the Related Agreements. If more than one Borrower, each Borrower
shall be jointly and severally liable for payment of all of the obligations hereunder, under the Related Agreements and under any
other agreement between Lender and any Borrowers. It is distinctly understood and agreed that all of the rights of Lender contained
in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any
other agreements, present and future, between the Lender and Borrowers, including the related Agreements.

 

(c)          Monthly
Accountings. All Advances, Fixed Daily Payments, Reimbursable Expenses and all other activity related to Borrowers’ account
shall be evidenced solely by entries upon Lender's books and records and Lender shall render to Borrower a detailed monthly statement
of its account, which statement shall be deemed correct, accepted by, and conclusively binding upon Borrowers as an account stated
absent manifest error, except to the extent that Borrowers shall deliver to Lender written notice of any specific exceptions thereto
within twenty (20) days after the date such statement is rendered.

  

(d)          Interest
Rate “Savings Clause”. Notwithstanding anything to the contrary in this Agreement, (i) all agreements and communications
between the Borrowers and the Lender are hereby and shall automatically be limited so that, after taking into account all amounts
deemed interest under this Agreement, the interest contracted for, charged or received by the Lender shall never exceed the maximum
lawful rate or amount, (ii) in calculating whether any interest exceeds the lawful maximum, all such interest shall be amortized,
prorated, allocated, and spread over the full amount and term of all principal indebtedness of the Borrowers to the Lender, and
(iii) if through any contingency or event, the Lender receives or is deemed to receive interest in excess of the lawful maximum,
any such excess shall be deemed to have been applied toward payment of the principal of any and all then outstanding indebtedness
of the Borrowers to the Lender, or if there is no such indebtedness, shall immediately be returned to the Borrowers.

 

(e)          Governing
Law; Consent to Forum. This Agreement shall be governed by the laws of the State of New Jersey without giving effect to any
choice of law rules thereof. As part of the consideration for new value this day received, each Borrower consents to the jurisdiction
of any state court located within Bergen County, New Jersey or any federal court located in Bergen County, New Jersey (collectively,
the “Chosen Forum”). Each Borrower waives any objection to jurisdiction and venue of any action instituted against
it as provided herein and agrees not to assert any defense based on lack of jurisdiction or venue. Each Borrower further agrees
not to assert against the Lender (except by way of a defense or counterclaim in a proceeding initiated by the Lender) any claim
or other assertion of liability relating to any of this Agreement, any of the Related Agreements, the Collateral or the Lender’s
actions or inactions in respect of any of the foregoing in any jurisdiction other than the Chosen Forum. Nothing in this Agreement
shall affect the Lender’s right to bring any action or proceeding relating to this Agreement or the Related Agreements against
the Borrowers or its properties in courts of other jurisdictions.

 

    	 	Page 13 of 15	Borrowers’ initials: _______

     

    

 

(f)          Waiver
of Jury Trial; Limitation on Damages. To the fullest extent permitted by law, and as separately bargained-for consideration
to the Lender, each Borrower waives any right to trial by jury (which the Lender also waives) in any action, suit, proceeding or
counterclaim of any kind arising out of or otherwise relating to any of this Agreement, the Related Agreements, the Collateral
or the Lender’s actions or inactions in respect of any of the foregoing. To the fullest extent permitted by law, and as separately
bargained-for consideration to the Lender, each Borrower also waives any right it may have at any time to claim or recover in any
litigation or other dispute involving the Lender, whether the underlying claim or dispute sounds in contract, tort or otherwise,
any special, exemplary, punitive or consequential damages or any damages other than, or in addition to, actual damages. The Borrowers
acknowledge that the Lender is relying upon and would not enter into the transactions described in this Agreement on the terms
and conditions set forth herein but for the Borrowers’ waivers and agreements under this Section.

 

(g)          General
Waivers by Borrowers. Except as otherwise expressly provided for in this Agreement, each Borrower waives: (i) presentment,
protest, demand for payment, notice of dishonor demand and protest and notice of presentment, default, notice of nonpayment, maturity,
release, compromise, settlement, extension or renewal of any or all accounts, contract rights, documents, instruments, chattel
paper and guaranties at any time held by the Lender on which the Borrowers may in any way be liable and ratifies and confirms whatever
the Lender may do in this regard; (ii) notice prior to taking possession or control of the Collateral or any bond or security which
might be required by any court prior to allowing the Lender to exercise any of the Lender’s remedies, including the issuance
of an immediate writ of possession; (iii) the benefit of all valuation, appraisement and exemption laws; and (iv) any and all other
notices, demands and consents in connection with the delivery, acceptance, performance, default or enforcement of this Agreement
or any of the Related Agreements and/or any of the Lender’s rights in respect of the Collateral. Each Borrower also waives
any right of setoff or similar right the Borrower may at any time have against the Lender as a defense to the payment or performance
of the Borrowers’ obligations to the Lender under this Agreement or any of the Related Agreements. If the Borrowers now or
hereafter have any claim against the Lender giving rise to any such right of setoff or similar right, each Borrower agrees not
to assert such claim as a defense or right of setoff with respect to the Borrowers’ obligations under this Agreement or any
Related Agreements, and to instead assert any such claim, if the Borrowers so elects to assert such claim, in a separate proceeding
against the Lender and not as a part of any proceeding or as a defense to any claim initiated by the Lender to enforce any of the
Lender’s rights under this Agreement or any of the Related Agreements; provided, that the prohibition against asserting
such claims in the same proceeding shall not apply to the extent any such claim is a compulsory counterclaim.

 

(h)          Disbursing
Agent. The Borrowers hereby appoint PHOTOMEDEX, INC., as Lead Borrower, as the “Disbursing Agent” to the
Borrowers as it is in the best interest and convenience of the Borrowers that all Advances made by Lender pursuant to this Agreement
be made only to the Disbursing Agent rather than to each of the Borrowers individually. Accordingly, the Disbursing Agent shall
be the sole entity entitled to receive the funds advanced by Lender under this Agreement and the Disbursing Agent shall make disbursements
to the Borrowers as reasonably requested by each Borrower to conduct its respective business. Moreover, the Disbursing Agent and
each Borrower agree that the Collection Amount shall be collected from the Collection Account. All of the proceeds received by
Lender will be credited by Lender to the Disbursing Agent’s account (or such other account as designated by the Disbursing
Agent) and the Disbursing Agent shall have the sole authority to further credit any such collections to each Borrower, individually.
Each Borrower hereby irrevocably waives any claim it may have against Lender and hereby indemnifies and holds Lender harmless from
and against all damages, losses, claims, demands, liabilities, obligations, actions and causes of action whatsoever which such
Borrower may have against Lender which may arise as a result of Advances being made by Lender solely to the Disbursing Agent and/or
collections being credited by Lender solely the Disbursing Agent’s account with Lender.

 

    	 	Page 14 of 15	Borrowers’ initials: _______

     

    

 

(i)          Successors
and Assigns. This Agreement binds and benefits each party and its successors, heirs and assigns, as applicable; provided,
however, that the Borrowers may not assign this Agreement or any of its rights or obligations hereunder without obtaining the
prior written consent of the Lender.

 

(j)          Severability;
Section Headings. Wherever possible, each provision of this Agreement and each Related Agreement shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Agreement or any Related Agreement shall
be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement or such Related
Agreement, as the case may be. Section headings herein and in any Related Agreements are for convenience only and are not controlling.

 

(k)          Counterparts;
Fax and Email Signatures. This Agreement and any Related Agreements may be executed in any number of counterparts (whether
facsimile or by e-mail transmission of an adobe file format document (also known as a PDF
file) or original), each of which shall be deemed an original as to the party whose signature appears thereon and all of which
together shall constitute one and the same instrument. An executed facsimile or e-mail transmission of an adobe file format document
(also known as a PDF file) of this Agreement or any Related Agreement shall be deemed a valid and binding agreement between the
parties hereto or thereto.

 

Signature page follows

 

    	 	Page 15 of 15	Borrowers’ initials: _______

     

    

 

IN WITNESS WHEREOF,
the undersigned have entered into this Agreement by their duly authorized representatives as of the date first written above.

 

	 	CC FUNDING a division of
	 	CREDIT CASH NJ, LLC
	 	 	 
	 	By:	/s/ Dean Landis
	 	Name:	Dean Landis
	 	Title:	President
	 	 	 
	 	PHOTOMEDEX, INC.
	 	 	 
	 	By:	/s/ Dennis McGrath
	 	Name:	Dennis McGrath
	 	Title:	President
	 	 	 
	 	RADIANCY, INC.
	 	 	 
	 	By:	/s/ Dennis McGrath
	 	Name:	Dennis McGrath
	 	Title:	Chief Financial Officer
	 	 	 
	 	PHOTOMEDEX TECHNOLOGY, INC.
	 	 	 
	 	By:	/s/ Dennis McGrath
	 	Name:	Dennis McGrath
	 	Title:	President
	 	 	 
	 	Lumiére, INC.
	 	 	 
	 	By:	/s/ Dennis McGrath
	 	Name:	Dennis McGrath
	 	Title:	President

 

Notary page follows

 

[Signature
page to credit card receivables advance agreement]

 

     

     

    

 

	STATE OF	)
	 	)ss.:
	COUNTY OF	)

 

On this _____ day of
December, 2015 before me personally appeared ___________________, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she
is the President of PHOTOMEDEX, INC., the corporation herein described and that he/she executed the same in his/her capacity as
an officer of said corporation, and that he/she signed the instrument by order of the board of directors of said corporation.

 

	 	 
	 	NOTARY PUBLIC

 

	STATE OF	)
	 	)ss.:
	COUNTY OF	)

 

On this _____ day of
December, 2015 before me personally appeared ___________________, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she
is the President of RADIANCY, INC., the corporation herein described and that he/she executed the same in his/her capacity as an
officer of said corporation, and that he/she signed the instrument by order of the board of directors of said corporation.

 

	 	 
	 	NOTARY PUBLIC

 

Notary Page continues next page

 

[Notary
page to credit card receivables advance agreement]

 

     

     

    

 

	STATE OF	)
	 	)ss.:
	COUNTY OF	)

 

On this _____ day of
December, 2015 before me personally appeared ___________________, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she
is the President of PHOTOMEDEX TECHNOLOGY, INC., the corporation herein described and that he/she executed the same in his/her
capacity as an officer of said corporation, and that he/she signed the instrument by order of the board of directors of said corporation.

 

	 	 
	 	NOTARY PUBLIC

 

	STATE OF	)
	 	)ss.:
	COUNTY OF	)

 

On this _____ day of
December, 2015 before me personally appeared ___________________, personally known to me or proved to me on the basis of
satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she
is the President of Lumiére, INC., the corporation herein described and that
he/she executed the same in his/her capacity as an officer of said corporation, and that he/she signed the instrument by order
of the board of directors of said corporation.

 

	 	 
	 	NOTARY PUBLIC

 

[Notary
page to credit card receivables advance agreement]APPLICATION DEVELOPMENT AGREEMENT
  
 This Mobile Application Development Agreement (the “Agreement”) is entered into as of June 1, 2014, effective as of June 1, 2014 (the “Effective Date”) by and between TYG Solutions Corp (the “Developer”) with an address at 202 Ave F. Brooklyn NY, 11218 and Koso Technologies LTD (the “Company”) with an address at 154 Route 306 Monsey, NY 10952.
 RECITALS
  WHEREAS, the Company is engaged in providing Primary Business of the Company; and
  WHEREAS, the Developer is engaged in the business of developing and designing mobile application solutions; and
  WHEREAS, the Company wishes to engage the Developer as an independent contractor for the Company for the purpose of designing and developing the Company’s mobile ordering system (the “Application”) on the terms and conditions set forth below; and
  WHEREAS, the Developer wishes to develop the Application and agrees to do so under the terms and conditions of this Agreement; and
  WHEREAS, each Party is duly authorized and capable of entering into this Agreement.
  NOW THEREFORE, in consideration of the above recitals and the mutual promises and benefits contained herein, the Parties hereby agree as follows:
  1.                  PURPOSE.
  The Company hereby appoints and engages the Developer, and the Developer hereby accepts this appointment, to perform the services described in Exhibit A attached hereto and made a part hereof, in connection with the design and development of the Application (collectively, the “Services”).
  2.                  COMPENSATION.
  The total compensation for the development of the mobile app shall be as set forth in Exhibit A hereto. These payments shall be made in installments according to the schedule set forth in Exhibit A hereto.
  
 3.                  TERM.
  
 This Agreement shall become effective as of the Effective Date and, unless otherwise terminated in accordance with the provisions of Section 4 of this Agreement, will continue until the Services have been satisfactorily completed and the Developer has been paid in full for such Services (the “Term”).
  4.                  TERMINATION.
  (a)                Types of Termination. This Agreement may be terminated:
 1.     By either Party on provision of seven (7) days written notice to the other Party.
 2.     By either Party for a material breach of any provision of this Agreement by the other Party, if the other Party’s material breach is not cured within three (3) days of receipt of written notice thereof. This shall include any delays to the timeline specified in Schedule A.
 3.     By the Company at any time and without prior notice, if the Developer is convicted of any crime or offense, fails or refuses to comply with the written policies or reasonable directives of the Company, or is guilty of serious misconduct in connection with performance under this Agreement.
  
 (b)               Responsibilities after Termination. Following the termination of this Agreement for any reason, the Company shall promptly pay the Developer according to the terms of Exhibit A for Services rendered before the effective date of the termination (the “Termination Date”). The Developer acknowledges and agrees that no other compensation, of any nature or type, shall be payable hereunder following the termination of this Agreement. All intellectual property developed pursuant to this Agreement before the Termination Date shall be delivered to the Company within one day of the Termination Date.
 RESPONSIBILITIES.
  
 (a)                           Of the Developer.The Developer agrees to do each of the following:
  
 1.     Create the Application System as detailed in Exhibit A to this Agreement, and extend its best efforts to ensure that the design and functionality of the Application System meets the Company’s specifications.
 2.     Devote as much productive time, energy, and ability to the performance of its duties hereunder as may be necessary to provide the required Services in a timely and productive manner and to the timeframe specified in Exhibit A.
 3.     Perform the Services in a workmanlike manner and with professional diligence and skill, as a fully-trained, skilled, competent, and experienced personnel.
 4.     On completion of the Application System, assist the Company in installation of the Application System to its final location, which assistance will include helping the Company with its upload of the finished files to the Company’s selected Web-hosting company and submitting for approval on the Apple Store.
 5.     Provide all files and code to the Company.
 6.     Provide Services and an Application System that are satisfactory and acceptable to the Company and substantially free of defects.
 7.     Communicate with the Company regarding progress it has made with respect to the milestones listed in Exhibit A in performing the Services upon an agreeable time each week.
  (b)               Of the Company. The Company agrees to do each of the following:
  
 1.     Engage the Developer as the creator of its Application System as further detailed in Exhibit A to this Agreement.
 2.     Provide all assistance and cooperation to the Developer in order to complete the Application System timely and efficiently.
 3.     Provide initial information, and supply all content for the Application System.
  
 6.                  SUPPORT PERIOD.
 The Developer agrees to provide continued support for the Application System for 90 days after the mobile application is successfully approved by the company (the “Support Period”). The Support Period shall refer to any bugs or issues relating to the features specified in Exhibit A, and not to create new functionality for the Application System. This support will be provided to the Company at no additional cost.
  
 7.                  CONFIDENTIAL INFORMATION.
  The Developer agrees, during the Term and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm, or corporation without the prior written authorization of the Company, any Confidential Information of the Company. “Confidential Information” means any of the Company’s proprietary information, technical data, trade secrets, or know-how, including, but not limited to, business plans, research, product plans, products, services, customer lists, markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, or other business information disclosed to the Developer by the Company either directly or indirectly.
  
 8.                  PARTIES’ REPRESENTATIONS AND WARRANTIES.
  (a)                The Parties each represent and warrant as follows:
 1.     Each Party has full power, authority, and right to perform its obligations under the Agreement.
 2.     This Agreement is a legal, valid, and binding obligation of each Party, enforceable against it in accordance with its terms (except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally and equitable remedies).
 3.     Entering into this Agreement will not violate the charter or bylaws of either Party or any material contract to which that Party is also a party.
  
 (b)               The Developer hereby represents and warrants as follows:
 1.     The Developer has the right to control and direct the means, details, manner, and method by which the Services required by this Agreement will be performed.
 2.     The Developer has the experience and ability to perform the Services required by this Agreement.
 3.     The Developer has the right to perform the Services required by this Agreement at any place or location, and at such times as the Developer shall determine.
 4.     The Services shall be performed in accordance with and shall not violate any applicable laws, rules, or regulations, and the Developer shall obtain all permits or permissions required to comply with such laws, rules, or regulations.
 5.     The Services required by this Agreement shall be performed by the Developer, and the Company shall not be required to hire, supervise, or pay any assistants to help the Developer perform such services.
 6.     The Developer is responsible for paying all ordinary and necessary expenses of itself or its staff.
  
 (c)                The Company hereby represents and warrants as follows:
 1.     The Company will make timely payments of amounts earned by the Developer under this Agreement and as detailed in Exhibit A hereto.
 2.     The Company shall notify the Developer of any changes to its procedures affecting the Developer’s obligations under this Agreement at least three days prior to implementing such changes. 
 3.     The Company shall provide such other assistance to the Developer as it deems reasonable and appropriate.
  
  
 9.              TIMING AND DELAYS.
 The Developer recognizes and agrees that failure to deliver the Website in accordance with the delivery schedule detailed in Exhibit A to this Agreement will result in expense and damage to the Company. The Developer shall inform the Company immediately of any anticipated delays in the delivery schedule and of any remedial actions being taken to ensure completion of the Application System according to such schedule. If a delivery date is missed, the Company may, in its sole discretion, declare such delay a material breach of the Agreement under subsection 4(a) and pursue all of its legal and equitable remedies. The Company may not declare a breach, and the Developer cannot be held in breach of this Agreement, of this section if such delay is caused by an action or failure of action of the Company. In such case, the Developer will provide the Company with written notice of the delay and work on the Application System will work until the reason for the delay has been resolved by the Company and written notice of that resolution has been provided to the Developer.
 10.              NATURE OF RELATIONSHIP.
 (a)                Independent Contractor Status. The Developer agrees to perform the Services hereunder solely as an independent contractor. The Parties agree that nothing in this Agreement shall be construed as creating a joint venture, partnership, franchise, agency, employer/employee, or similar relationship between the Parties, or as authorizing either Party to act as the agent of the other. The Developer is and will remain an independent contractor in its relationship to the Company. The Company shall not be responsible for withholding taxes with respect to the Developer’s compensation hereunder. The Developer shall have no claim against the Company hereunder or otherwise for vacation pay, sick leave, retirement benefits, social security, worker’s compensation, health or disability benefits, unemployment insurance benefits, or employee benefits of any kind. Nothing in this Agreement shall create any obligation between either Party and a third party.
  
 (b)               Indemnification of Company by Developer. The Company has entered into this Agreement in reliance on information provided by the Developer, including the Developer’s express representation that it is an independent contractor and in compliance with all applicable laws related to work as an independent contractor. If any regulatory body or court of competent jurisdiction finds that the Developer is not an independent contractor and/or is not in compliance with applicable laws related to work as an independent contractor, based on the Developer’s own actions, the Developer shall assume full responsibility and liability for all taxes, assessments, and penalties imposed against the Developer and/or the Company resulting from such contrary interpretation, including but not limited to taxes, assessments, and penalties that would have been deducted from the Developer’s earnings had the Developer been on the Company’s payroll and employed as an employee of the Company.
  
 12.              WORK FOR HIRE.             
 (a)                Work for Hire. The Developer expressly acknowledges and agrees that any all proprietary materials prepared by the Developer under this Agreement shall be considered “works for hire” and the exclusive property of the Company unless otherwise specified. These items shall include, but shall not be limited to, any and all deliverables resulting from the Developer’s Services or contemplated by this Agreement, all tangible results and proceeds of the Services, works in progress, records, diagrams, notes, drawings, specifications, schematics, documents, designs, improvements, inventions, discoveries, developments, trademarks, trade secrets, customer lists, databases, software, programs, middleware, applications, and solutions conceived, made, or discovered by the Developer, solely or in collaboration with others, during the Term of this Agreement relating in any manner to the Developer’s Services.
 (b)               Additional Action to Assign Interest. To the extent such work may not be deemed a “work for hire” under applicable law, the Developer hereby assigns to the Company all of its right, title, and interest in and to such work. The Developer shall execute and deliver to the Company any instruments of transfer and take such other action that the Company may reasonably request, including, without limitation, executing and filing, at the Company’s expense, copyright applications, assignments, and other documents required for the protection of the Company’s rights to such materials.
 (c)                Notice of Incorporation of Existing Work. If the Developer intends to integrate or incorporate any work that it previously created into any work product to be created in furtherance of its performance of the Services, the Developer must obtain the Company’s prior written approval of such integration or incorporation. If the Company, in its reasonable discretion, consents, the Company is hereby granted an exclusive, worldwide, royalty-free, perpetual, irrevocable license to use, distribute, modify, publish, and otherwise exploit the incorporated items in connection with the work product developed for the Company.
  
 13.              NO CONFLICT OF INTEREST; OTHER ACTIVITIES.
 The Developer hereby warrants to the Company that, to the best of its knowledge, it is not currently obliged under any existing contract or other duty that conflicts with or is inconsistent with this Agreement. During the Term, the Developer is free to engage in other development activities; provided, however, the Developer shall not accept work, enter into contracts, or accept obligations inconsistent or incompatible with the Developer’s obligations or the scope of Services to be rendered for the Company pursuant to this Agreement.
  
  
 14.              RETURN OF PROPERTY.
 Within three (3) days of the termination of this Agreement, whether by expiration or otherwise, the Developer agrees to return to the Company all Company products, samples, models, or other property and all documents, retaining no copies or notes, relating to the Company’s business including, but not limited to, reports, abstracts, lists, correspondence, information, computer files, computer disks, and all other materials and all copies of such material obtained by the Developer during and in connection with its representation of the Company. All files, records, documents, blueprints, specifications, information, letters, notes, media lists, original artwork/creative, notebooks, and similar items relating to the Company’s business, whether prepared by the Developer or otherwise coming into its possession, shall remain the Company’s exclusive property.
  
 15.              INDEMNIFICATION
 (a)                Of Company by Developer. The Developer shall indemnify and hold harmless the Company and its officers, members, managers, employees, agents, contractors, sublicensees, affiliates, subsidiaries, successors and assigns from and against any and all damages, liabilities, costs, expenses, claims, and/or judgments, including, without limitation, reasonable attorneys’ fees and disbursements (collectively, the “Claims”) that any of them may suffer from or incur and that arise or result primarily from (i) any gross negligence or willful misconduct of the Developer arising from or connected with the Developer’s carrying out of its duties under this Agreement, or (ii) the Developer’s breach of any of its obligations, agreements, or duties under this Agreement.
 (b)               Of Developer by Company. The Company shall indemnify and hold harmless the Developer from and against all Claims that it may suffer from or incur and that arise or result primarily from (i) the Company’s operation of its business, (ii) the Company’s breach or alleged breach of, or its failure or alleged failure to perform under, any agreement to which it is a party, or (iii) the Company’s breach of any of its obligations, agreements, or duties under this Agreement; provided, however, none of the foregoing result from or arise out of the actions or inactions of the Developer.
  
 16.              INTELLECTUAL PROPERTY.
 (a)                No Intellectual Property Infringement by Developer. The Developer hereby represents and warrants that the use and proposed use of the Website by the Company or any third party does not and shall not infringe, and the Developer has not received any notice, complaint, threat, or claim alleging infringement of, any trademark, copyright, patent, trade secrets, industrial design, or other rights of any third party in the Website, and the use of the Website will not include any activity that may constitute “passing off.” To the extent the Website infringes on the rights of any such third party, the Developer shall obtain a license or consent from such third party permitting the use of the Website.
 (b)               No Intellectual Property Infringement by Company. The Company represents to the Developer and unconditionally guarantees that any elements of text, graphics, photos, designs, trademarks, or other artwork furnished to the Developer for inclusion in the Website are owned by the Company, or that the Company has permission from the rightful owner to use each of these elements, and will hold harmless, protect, indemnify, and defend the Developer and its subcontractors from any liability (including attorneys’ fees and court costs), including any claim or suit, threatened or actual, arising from the use of such elements furnished by the Company.
 (c)                Continuing Ownership of Existing Trademarks. The Developer recognizes the Company’s right, title, and interest in and to all service marks, trademarks, and trade names used by the Company and agrees not to engage in any activities or commit any acts, directly or indirectly, that may contest, dispute, or otherwise impair the Company’s right, title, and interest therein, nor shall the Developer cause diminishment of value of said trademarks or trade names through any act or representation. The Developer shall not apply for, acquire, or claim any right, title, or interest in or to any such service marks, trademarks, or trade names, or others that may be confusingly similar to any of them, through advertising or otherwise. Effective as of the termination of this Agreement, the Developer shall cease to use all of the Company’s trademarks, marks, and trade names.
 17.              AMENDMENTS.
 No amendment, change, or modification of this Agreement shall be valid unless in writing and signed by both Parties.
 18.              ASSIGNMENT.
 The Company may assign this Agreement freely, in whole or in part. The Developer may not, without the written consent of the Company, assign, subcontract, or delegate its obligations under this Agreement, except that the Developer may transfer the right to receive any amounts that may be payable to it for its Services under this Agreement, which transfer will be effective only after receipt by the Company of written notice of such assignment or transfer.
 19.              SUCCESSORS AND ASSIGNS.
 All references in this Agreement to the Parties shall be deemed to include, as applicable, a reference to their respective successors and assigns. The provisions of this Agreement shall be binding on and shall inure to the benefit of the successors and assigns of the Parties. 
  
  
  
 20.              FORCE MAJEURE.
 A Party shall be not be considered in breach of or in default under this Agreement on account of, and shall not be liable to the other Party for, any delay or failure to perform its obligations hereunder by reason of fire, earthquake, flood, explosion, strike, riot, war, terrorism, or similar event beyond that Party’s reasonable control (each a “Force Majeure Event”); provided, however, if a Force Majeure Event occurs, the affected Party shall, as soon as practicable:
 (a)                notify the other Party of the Force Majeure Event and its impact on performance under this Agreement; and
 (b)               use reasonable efforts to resolve any issues resulting from the Force Majeure Event and perform its obligations hereunder.  
 21.              NO IMPLIED WAIVER.
 The failure of either Party to insist on strict performance of any covenant or obligation under this Agreement, regardless of the length of time for which such failure continues, shall not be deemed a waiver of such Party's right to demand strict compliance in the future. No consent or waiver, express or implied, to or of any breach or default in the performance of any obligation under this Agreement shall constitute a consent or waiver to or of any other breach or default in the performance of the same or any other obligation.
 23.              GOVERNING LAW.
  This Agreement shall be governed by the laws of the state of New York. In the event that litigation results from or arises out of this Agreement or the performance thereof, the Parties agree to reimburse the prevailing Party’s reasonable attorneys’ fees, court costs, and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing Party may be entitled. 
   24.              COUNTERPARTS/ELECTRONIC SIGNATURES.
  
 This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument.  For purposes of this Agreement, use of a facsimile, e-mail, or other electronic medium shall have the same force and effect as an original signature.
  25.              SEVERABILITY.
  
 Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal, or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality, or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed, and enforced in such jurisdiction as if such invalid, illegal, or unenforceable provisions had never been contained herein.
  26.              ENTIRE AGREEMENT.
  This Agreement, constitutes the final, complete, and exclusive statement of the agreement of the Parties with respect to the subject matter hereof, and supersedes any and all other prior and contemporaneous agreements and understandings, both written and oral, between the Parties.
  27.              HEADINGS.
  
 Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.
  
 ******************************************************************************
  EXHIBIT A
  A.    PURPOSE OF APPLICATION SYSTEM.
  The purpose of the Application System is to create a platform for the Company to Insert Purpose of Mobile Application.  The Application System will be comprised of three parts – i) web services and database, ii)iPhone and iPad Application, and iii) Android Application. The Company shall be provide the web service and database, and Developer will be responsible for the iPhone, iPad and Android Application.
  CONTENT.
 All content shall be provided to the Developer by the Company in the formats specified below: 
 1.     All text shall be provided in ASCII, RTF, PageMaker, WordPerfect, Word, PDF, or HTML
 2.     All graphics shall be provided in TIFF, GIF, JPEG, or PMP formats
 D.    SPECIFICATIONS.
  The Parties hereby agree on the following specifications for the Application (collectively, the “Specifications”):
 	The graphics used in the Application shall be in JPEG 
	The Developer shall develop the Application to project the highest professional image. The Developer shall not include any links to other sites without the Company’s prior written consent 
	The maximum size for any screen shall be _____, the average size of any page shall be______ to minimize download time 
	The Application shall not include any of the Developer’s tools, either in object code and source code form, that the Developer has already developed or that the Developer independently develops or licenses from a third party 

 F.           COMPLETION SCHEDULE.
  The schedule for completion of the Website (the “Schedule) and the responsibilities under the Agreement is detailed as follows:
  
 
  
 G.FEES.
  
 	Fixed fee of $7,500 To Be Paid upon the end of the Support Period 

  
 H.    PAYMENT SCHEDULE.
  
 The Company agrees to pay the Developer $5,000 for prior consulting and $2,500 upon completion of the app.
 By signing below, the Parties agree to comply with all of the requirements contained in this Exhibit A.
  
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. 
  
 Koso Technologies
  
 COMPANY                By: /s/ Avraham Kosovsky
                                     Name: Avraham Kosovsky
                                     Title: CEO
                                     TYG Solutions Corp.
  
 DEVELOPER            By: /s/ Natan Barmatz
                                     Name: Natan Bermatz
                                     Title: President

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