Document:

Exhibit 10.13

 

***Certain identified information has been omitted from this exhibit in accordance with
the rules of the Securities and Exchange Commission because it is both (i) not material to investors and (ii) information that the Registrant
treats as private or confidential. Such omitted information is indicated by brackets (“[...***...]”) in this exhibit***

 

 

 

E La Carte, Inc. dba Presto

810 Hamilton Street

Redwood City CA 94301

 

August 19, 2019

 

Ashish Gupta
 

 

	Re:	Offer of Employment by E la Carte, Inc.

 

Dear Ashish,

 

I am very pleased to offer you employment with
E La Carte, Inc. dba Presto, (the “Company”). Your employment by the Company will be governed by the following terms and conditions.

 

		1.	Position.

 

For the term of your employment under this agreement
(your “Employment”), the Company will employ you in the position of Chief Financial Officer or in such other position
as the Company subsequently may assign to you. You will report to Rajat Suri, CEO or to such other person as the Company subsequently
may determine.

 

		2.	Commencement Date.

 

You shall commence regular full-time employment
on September 16, 2019.

 

		3.	Salary.

 

The Company will pay you as compensation for your
services an initial base salary at a gross annual rate of $300,000 (“base salary”). Your base salary shall be payable
in accordance with the Company’s standard payroll procedures, subject to applicable withholdings and deductions, as authorized or
required by applicable laws.

 

		4.	Variable Compensation.

 

You will be eligible to participate in the Company’s
Executive bonus program. The on-target earnings for your variable compensation will be $50,000 per annum, which will be prorated
based on your start date for the remainder of the 2019 calendar year. Initially, sixty-percent (60%) of your bonus will be based on achievement
of individual goals and remaining forty-percent (40%) will be based on the company performance, split equally between the company’s
revenue target (ARR of ***) and EBITDA. Your individual goals will be set annually by the Company’s CEO.

 

		5.	Stock Options.

 

Subject to the approval of the Company’s
Board of Directors, in its sole discretion, the Company shall grant you stock options covering 542,100 shares of the Company’s
Common Stock (the “Option”). The Option, if approved, shall be granted as soon as reasonably practicable after the date of
this Agreement. The exercise price of the Option shall be equal to the fair market value of the Company’s Common Stock as determined
by the Board of Directors on the earlier of (i) the date of grant or (ii) the first day of your Employment. The Option will be
subject to the terms and conditions set forth in the Company’s Equity Incentive Plan (the “Plan”). The term of the Option
shall be 10 years, subject to earlier expiration in the event of the termination of your Employment. The Option shall vest and become
exercisable at the rate of 25% of the total number of option shares after the first 12 months of continuous service and the remaining
option shares shall become vested and exercisable in equal monthly installments over the next three years of continuous service.
You shall have 90 days following a termination of service for any reason to exercise any vested portion of the Option, provided that the
Option shall have a maximum term of 10 years.

 

    
	 	Presto	1

     

    

 

 

 

Double Trigger Acceleration. In the event
that your employment with the Company is terminated by the Company (or its successor) without cause or there is a significant reduction
in responsibility within six (6) months following the date of the consummation of a Change in Control (defined as the purchase of
over 50% of the company’s outstanding stock by an external company) the vesting and exercisability of your outstanding stock awards
shall be automatically accelerated in full.

 

		6.	Benefits.

 

During your employment, full-time employees will
be eligible to participate in the employee benefit plans maintained by the Company, subject in each case to the generally applicable terms
and conditions of the plan in question and to the determinations of any person or committee administering such plan. The Company reserves
the right to change or otherwise modify, in its sole discretion, such plans and policies.

 

		7.	Employee Invention Assignment and Confidentiality Agreement.

 

As an employee of the Company, you will be asked
to enter into an Employment Agreement that will have, among other things, provisions relating to:

 

		(a)	non-disclosure of information;

 

		(b)	assignment of inventions;

 

		(c)	conflicts of interest; and,

 

		(d)	arbitration.

 

An example of this Non-Disclosure, Non-Solicitation,
and Invention Assignment Agreement is included as Attachment A.

 

		8.	Company Policies.

 

You agree to comply with all of the Company’s
policies and rules in effect during your Employment. You understand that the Company expects employees to devote their best efforts, energies,
and loyalty to the Company. You understand that, due to the importance of this requirement, the Company prohibits any outside employment
or other activities or relationships that would create any actual conflict with the essential enterprise-related interests of the Company
and that would constitute a material and substantial disruption with the Company’s operation. If, at any time during your Employment,
you wish to engage in outside employment that may create a real or apparent conflict of interest, you must submit a written request to
the Chief Executive Officer of the Company explaining the details of the outside employment.

 

		9.	No Breach of Obligations to Prior Employers.

 

You represent that signing this offer letter will
not violate any agreement currently in place between yourself and current or past employers. We wish to impress upon you that we do not
want you to bring with you, or use or disclose, any confidential or proprietary material of any former employer or to violate any other
obligations you may have to any former employer.

 

    
	 	Presto	2

     

    

 

 

		10.	At Will Employment.

 

Your Employment will be “at will,”
which means that either you or the Company may terminate your Employment at any time and for any reason, with or without prior notice
and with or without cause. It also means that the Company reserves the right to determine and change at any time your job duties, title,
level and responsibilities, reporting relationships, compensation and benefits, as well as its personnel policies and procedures for any
reason or for no particular reason or cause. Any statements or representations to the contrary (and, indeed, any statements contradicting
any provision in this letter) should be regarded by you as ineffective. Further, your participation in any stock option or benefit program
is not to be regarded as assuring you of continuing employment for any particular period of time. Any modification to or change in your
at will employment status may only occur by way of a written employment agreement signed by you and the Chief Executive Officer of the
Company.

 

		11.	Right to Work.

 

Please note that because of employer regulations
adopted in the Immigration Reform and Control Act of 1986, within three (3) business days of starting your new position you will need
to present documentation demonstrating that you have authorization to work in the United States. The Company participates in USCIS e-Verify
program. The Company will provide the Social Security Administration and, if necessary, the Department of Homeland Security, with information
from your Form I-9 to confirm employment verification. If you have questions about this requirement, which applies to U.S. citizens and
non-U.S. citizens alike, you may contact the Human Resources department.

 

		12.	Arbitration.

 

You and the Company agree to submit to exclusive
and mandatory binding arbitration any and all claims arising out of or in connection with this Agreement or relating in any way to your
Employment with the Company, including any dispute regarding the enforceability, interpretation, construction or breach of this Agreement.
All arbitration hearings shall be conducted in San Mateo County, California. The parties agree that, to the fullest extent permitted by
law, arbitration shall be the exclusive remedy for the subject matter of such claims; provided, however, that any claims, which by law
may not be submitted to arbitration are not covered by this arbitration provision. This means that both you and the Company give up the
right to have any dispute decided in court by a jury; instead, a neutral arbitrator whose decision is final and binding will resolve it,
subject to judicial review as provided by law. The arbitration shall be conducted before a single neutral arbitrator. Any claims to be
arbitrated shall be brought in the parties’ individual capacity, and not as a plaintiff or class member in any purported class or
representative proceeding. The arbitrator shall not preside over any form of class or representative proceeding.

 

		13.	Entire Agreement.

 

This offer, once accepted, constitutes the entire
agreement between you and the Company with respect to the subject matter hereof and supersedes all prior offers, negotiations and agreements,
if any, whether written or oral, relating to such subject matter. You acknowledge that neither the Company nor its agents have made any
promise, representation or warranty whatsoever, either express or implied, written or oral, which is not contained in this agreement for
the purpose of inducing you to execute the agreement, and you acknowledge that you have executed this agreement in reliance only upon
such promises, representations and warranties as are contained herein.

 

    
	 	Presto	3

     

    

 

 

 

		14.	Acceptance.

 

This offer will remain valid until August 26th,
2019. If you decide to accept our offer, please sign the enclosed copy of this letter in the space indicated and return it to me. Your
signature will acknowledge that you have read and understood and agreed to the terms and conditions of this offer letter and the attached
Employee Invention Assignment and Confidentiality Agreement. Should you have anything else that you wish to discuss, please do not hesitate
to call me.

 

We look forward to the opportunity to welcome
you to the Company.

 

Very truly yours,

 

/s/ Rajat Suri

 

Rajat Suri, CEO

E La Carte, Inc. dba Presto

 

I have read and understood this offer letter and
hereby acknowledge, accept and agree to the terms and conditions as set forth above and further acknowledge that no other commitments,
inducements, or representations were made to me as part of my employment offer except as specifically set forth herein.

 

/s/ Ashish Gupta

 

Ashish Gupta

Attachment A: Employee Invention Assignment and Confidentiality Agreement.

 

 

	 	Presto
	4Exhibit 4.6

 

NEITHER THIS SECURITY NOR THE SECURITIES
INTO WHICH THIS SECURITY IS CONVERTIBLE HAS BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF
ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH
SHALL BE REASONABLY ACCEPTABLE TO BORROWER. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED
IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER- DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED
INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Original Issue Date: March
1, 2023

 

Principal Amount: $240,135

 

SECURED CONVERTIBLE NOTE

DUE MARCH 1, 2023

 

THIS CONVERTIBLE NOTE
is one of a series of duly authorized and validly issued Notes of PISH POSH INC.,
a Delaware corporation, (the “Borrower”), having its principal place of
business at 1915 Swarthmore Ave Lakewood NJ 08701, due March 1, 2023 (this note, the
“Note”).

 

FOR VALUE RECEIVED,
Borrower promises to pay to Palladium Holdings LLC, or its registered assigns (the
“Holder”), with an address at Carnegie Hall Tower, 152 West 57th Street,
22nd Floor, New York, NY 10019, or shall have paid pursuant to the terms hereunder, the principal sum of Two
Hundred Forty Thousand One Hundred Thirty Five Dollars ($240,135) on March
1, 2023 (the “Maturity Date”) or such earlier date as this
Note is required or permitted to be repaid as provided hereunder, and to pay interest, if any, to the Holder on the aggregate unconverted
and then outstanding principal amount of this Note in accordance with the provisions hereof.

 

This Note was originally
issued to Palladium Capital Group, LLC (“Original Holder”) and was reissued to the Holder when the Original Holder assigned
it to the Holder.

 

This Note is subject
to the following additional provisions:

 

Section
1.     Definitions. For the purposes hereof, in addition to the terms defined
elsewhere in this Note, (a) capitalized terms not otherwise defined herein shall have the meanings set forth in the Securities Purchase
Agreement dated November 30, 2021 executed by the Borrower’s predecessor (“Purchase
Agreement”), and (b) the following terms shall have the following meanings:

 

“Bankruptcy
Event” means any of the following events: (a) Borrower or any Subsidiary thereof commences a case or other proceeding
under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar
law of any jurisdiction relating to Borrower or any Subsidiary thereof, (b) there is commenced against Borrower or any Subsidiary thereof
any such case or proceeding that is not dismissed within 60 days after commencement, (c) Borrower or any Subsidiary thereof is adjudicated
insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered, (d) Borrower or any Subsidiary
thereof suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or
stayed within 60 calendar days after such appointment, (e) Borrower or any Subsidiary thereof makes a general assignment for the benefit
of creditors, (f) Borrower or any Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment
or restructuring of its debts or (g) Borrower or any Subsidiary thereof, by any act or failure to act, expressly indicates its consent
to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the
foregoing.

 

    	 	1	 

     

    

 

“Other
Notes” means Notes nearly identical to this Note issued to other Holders pursuant to the Purchase Agreement.

 

Section
2.       Interest, Conversion/Exchange and General Provisions.

 

a)      Interest
Rate. The unpaid Principal Amount of this Note shall bear interest at the rate of eight percent (8%) per annum, simple interest,
from the Issue Date through the Maturity Date. Interest shall be payable on the Maturity Date, accelerated or otherwise, when the principal
and accrued interest shall be due and payable, or sooner as described below. Interest on this Note shall be calculated on the basis of
a 360-day year and the actual number of days elapsed. Interest will be payable in cash. The aforedescribed regular interest will not be
payable in the event this Note is converted to Mergeco Shares or Series A Preferred Stock and Warrants as described in the Purchase Agreement.
Interest shall be payable as an iska in accordance with halacha.

 

b)     Payment
Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note.

 

c)      Application
of Payments. Payments made in connection with this Note shall be applied first to amounts due hereunder other than principal
and interest, thereafter to interest and finally to principal.

 

d)     Pari
Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the
Borrower with respect to this Note and the Other Notes, shall be made and taken pari passu
with respect to this Note and the Other Notes.

 

e)      Manner
and Place of Payment. Principal and interest on this Note and other payments in connection with this Note shall be payable
at the Holder’s offices as designated above in lawful money of the United States of America in immediately available funds without
set-off, deduction or counterclaim. Upon assignment of the interest of Holder in this Note, Borrower shall instead make its payment pursuant
to the assignee’s instructions upon receipt of written notice thereof.

 

Section
3.       Registration of Transfers and Exchanges.

 

a)      Different
Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations,
as requested by the Holder surrendering the same. No service charge will be payable for such registration of transfer or exchange.

 

b)      Investment
Representations. This Note has been issued subject to certain investment representations of the original Holder set forth in
the Purchase Agreement and may be transferred or exchanged only in compliance with the Purchase Agreement and applicable federal and state
securities laws and regulations.

 

    	 	2	 

     

    

 

c)    
Reliance on Note Register. Prior to due presentment for transfer to
Borrower of this Note, Borrower and any agent of Borrower may treat the Person in whose name this Note is duly registered on the
note register as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not
this Note is overdue, and neither Borrower nor any such agent shall be affected by notice to the contrary.

 

Section
4.       Conversion/Exchange.

 

a)      Conversion.
The principal amount of this Note is convertible and exchangeable for Mergeco Shares and/or Series A Preferred Stock and Warrants pursuant
to the terms and timely fulfillment of the conditions set forth in the Purchase Agreement. Such conversion/exchange will occur, if at
all, automatically and without the requirement of any action on behalf of the Holder. From and after the effectiveness of the conversion
and exchange, this Note shall represent the right to receive the Mergeco Shares and/or Series A Preferred Stock and Warrants, and the
Holder will be deemed the holder of such securities from and after the effectiveness of the conversion and exchange.

 

b)     Holder’s
Conversion Limitations. Borrower shall not effect any conversion/exchange of this Note, and a Holder shall not have the right
to convert any portion of this Note, to the extent that after giving effect to the conversion/exchange, the Holder (together with the
Holder’s Affiliates, and any Persons acting as a group together with the Holder or any of the Holder’s Affiliates) would
beneficially own in excess of the Beneficial Ownership Limitation (as defined in the Warrant) unless such conversion/exchange is effectuated
by the issuance of Series A Preferred Stock in the manner and subject to the limitations set forth in the Purchase Agreement.

 

Section 5.     Prepayment and Redemption.
This Note may not be prepaid, redeemed or mandatorily converted/exchanged (except as set forth in the Purchase Agreement and herein) without
the consent of the Holder.

 

Section
6.     Negative Covenants. As long as any portion of this Note remains outstanding, unless the holders of at least 51%
in principal amount of the then outstanding Notes and Other Notes shall have otherwise given prior written consent, Borrower shall not,
and shall not permit any of the Subsidiaries to, directly or indirectly:

 

a)     other
than Permitted Indebtedness, enter into, create, incur, assume, guarantee or suffer to exist any indebtedness for borrowed money of any
kind, including, but not limited to, a guarantee, on or with respect to any of its property or assets now owned or hereafter acquired
or any interest therein or any income or profits therefrom except in the Ordinary Course;

 

b)     enter
into, create, incur, assume or suffer to exist any Liens of any kind, except for Permitted Indebtedness on or with respect to any of its
property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom;

 

c)     amend
its charter documents, including, without limitation, its operating certificate and bylaws, in any manner that materially and adversely
affects any rights of the Holder;

 

d)     repay,
repurchase or offer to repay, repurchase or otherwise acquire any Member Interests or Member Interest Equivalents;

 

    	 	3	 

     

    

 

e)     redeem,
defease, repurchase, repay or make any payments in respect of, by the payment of cash or cash equivalents (in whole or in part, whether
by way of open market purchases, tender offers, private transactions or otherwise), all or any portion of any Indebtedness, whether by
way of payment in respect of principal of (or premium, if any) or interest on, such Indebtedness. The foregoing restriction shall apply
to Permitted Indebtedness from and after the occurrence of an Event of Default, except with respect to payments under the Intercreditor
Agreement;

 

f)      declare
or make any dividend or other distribution of its assets or rights to acquire its assets to holders of Member Interests and Member Interest
Equivalents by way of return of capital or otherwise including, without limitation, any distribution of cash, stock or other securities,
property or options by way of a dividend, spin off, reclassification, liquidation, distribution, preferential payments in connection with
any securities or debt issuances, corporate rearrangement, scheme of arrangement or other similar transaction;

 

g)     issue
any Member Interests and Member Interest Equivalents except as permitted pursuant to the Purchase Agreement;

 

h)     enter
into any transaction with any Affiliate of Borrower, unless such transaction is made on an arm’s-length basis and expressly approved
by the disinterested holders of a majority of the Member Interests of Borrower (even if less than a quorum otherwise required for such
approval); or

 

i)      enter
into any agreement with respect to any of the foregoing.

 

Section
7.       Events of Default.

 

a)     “Event
of Default” means, wherever used herein, any of the following events(whatever the reason for such event and whether
such event shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court,
or any order, rule or regulation of any administrative or governmental body):

 

i.       any
default in the payment of (A) the principal or interest amount of this Note or (B) damages and other amounts owing to a Holder on any
Note, as and when the same shall become due and payable (whether on the Maturity Date, by acceleration or otherwise) which default, solely
in the case of a default under clause (B) above, is not cured within 3 Business Days after Borrower has become or should have become aware
of such default;

 

ii.       Borrower
shall fail to observe or perform any other covenant or agreement contained in the Notes which failure is not cured within the earlier
to occur of (A) 5 Business Days after notice of such failure sent by the Holder or by any Other Holder to Borrower and (B) 10 Business
Days after Borrower has become or should have become aware of such failure;

 

iii.      a
default or event of default (subject to any grace or cure period provided in the applicable agreement, document or instrument) shall occur
under (A) any of the Transaction Documents, including but not limited to failure to strictly comply with the provisions of the Transaction
Documents, or (B) any other material agreement, lease, document or instrument to which Borrower or any Subsidiary is obligated (and not
covered by clause (vi) below), which in the case of subsection (B) would reasonably be expected to have a Material Adverse Effect;

 

iv.     any
representation or warranty made in this Note, any other Transaction Documents, any written statement pursuant hereto or thereto or any
other report, financial statement or certificate made or delivered to the Holder or any Other Holder shall be untrue or incorrect in any
material respect as of the date when made or deemed made;

 

    	 	4	 

     

    

 

v.      Borrower
or any Subsidiary shall be subject to a Bankruptcy Event;

 

vi.     Borrower
or any Subsidiary shall default on any of its obligations under any mortgage, credit agreement or other facility, indenture agreement,
factoring agreement or other instrument under which there may be issued, or by which there may be secured or evidenced, any indebtedness
for borrowed money or money due under any long term leasing or factoring arrangement that (a) involves an obligation greater than $50,000,
whether such indebtedness now exists or shall hereafter be created, and (b) results in such indebtedness becoming or being declared due
and payable prior to the date on which it would otherwise become due and payable;

 

vii.    Borrower
shall agree to sell or dispose of all or in excess of 5% of its assets in one transaction or a series of related transactions other than
in the Ordinary Course;

 

viii.    the
Subsequent Closing does not occur on or before the Subsequent Closing Termination Date or the Merger or Subsequent Closing is abandoned
or becomes infeasible in Holder’s reasonable judgement;

 

ix.      any
Person shall breach any agreement delivered to or made for the benefit of the initial Holders pursuant to Article II of the Purchase Agreement;

 

x.       any
monetary judgment, writ or similar final process shall be entered or filed against Borrower, any subsidiary or any of their respective
property or other assets for more than $50,000, and such judgment, writ or similar final process shall remain unvacated, unbonded or unstayed
for a period of 45 calendar days;

 

xi.      any
dissolution, liquidation or winding up by Borrower or a material Subsidiary of a substantial portion of their business;

 

xii.     cessation
of operations by Borrower or a material Subsidiary;

 

xiii.    the
failure by Borrower or any material Subsidiary to maintain any material intellectual property rights, personal, real property, equipment,
leases or other assets which are necessary to conduct its business (whether now or in the future) and such breach is not cured with seven
(7) calendar days after written notice to the Borrower from the Holder;

 

xiv.    a
failure by Borrower to notify Holder of any material event of which Borrower is obligated to notify Holder pursuant to the terms of this
Note or any other Transaction Document;

 

xv.     a
default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder
are parties, or the occurrence of an event of default under any such other agreement to which Borrower and Holder are parties which is
not cured after any required notice and/or cure period;

 

xvi.    the
occurrence of an Event of Default under any Other Note; or

 

xvii.   any
material provision of any Transaction Document shall at any time for any reason (other than pursuant to the express terms thereof) cease
to be valid and binding on or enforceable against the Borrower, or the validity or enforceability thereof shall be contested by Borrower,
or a proceeding shall be commenced by Borrower or any governmental authority having jurisdiction over Borrower or Holder, seeking to establish
the invalidity or unenforceability thereof, or Borrower shall deny in writing that it has any liability or obligation purported to be
created under any Transaction Document.

 

    	 	5	 

     

    

 

In the event more than
one grace, cure or notice period is applicable to an Event of Default, then the shortest grace, cure or notice period shall be applicable
thereto.

 

b)     Remedies
Upon Event of Default, Fundamental Transaction and Change of Control Transaction. If any Event of Default occurs, the outstanding
principal amount of this Note, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become,
at the Holder’s election, immediately due and payable in cash. Commencing on the Maturity Date and also five (5) days after the
occurrence of any Event of Default interest on this Note shall accrue at an interest rate equal to the lesser of 18% per annum or the
maximum rate permitted under applicable law. Upon the payment in full of the Mandatory Default Amount, the Holder shall promptly surrender
this Note to or as directed by Borrower. In connection with such acceleration described herein, the Holder need not provide, and Borrower
hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder may immediately and without expiration of
any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law.
Such acceleration may be rescinded and annulled by Holder at any time prior to payment hereunder and the Holder shall have all rights
as a holder of the Note until such time, if any, as the Holder receives full payment pursuant to this Section 7(b). No such rescission
or annulment shall affect any subsequent Event of Default or impair any right consequent thereon.

 

Section 8.       Miscellaneous.

 

a)      Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt
requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery,
telegram, facsimile, or electronic mail, addressed as set forth below or to such other address as such party shall have specified most
recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a)
upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address
or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first
business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be
received), or (b) upon receipt, when sent by electronic mail (provided confirmation of transmission is electronically generated and keep
on file by the sending party), or (c) on the second business day following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications
shall be: (i) if to Borrower, to: PishPosh Inc., 1915 Swarthmore Ave Lakewood NJ 08701, and (ii) if to the Holder, to: the address and
fax number indicated on the front page of this Note, with an additional copy by fax only to (which shall not constitute notice): Grushko
& Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581, Attn: Barbara R. Mittman, Esq., fax: (212) 697-3575, email: barbara@grushkomittman.com.

 

b)     Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower,
which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at
the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note
ranks pari passu with all other Notes now or hereafter issued under the terms set
forth herein.

 

    	 	6	 

     

    

 

c)      Lost
or Mutilated Note. If this Note shall be mutilated, lost, stolen or destroyed, Borrower shall execute and deliver, in exchange
and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note,
a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss,
theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to Borrower.

 

d)     Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed by
and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflict
of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the transactions
contemplated by any of the Transaction Documents (whether brought against a party hereto or its respective Affiliates, directors, officers,
shareholders, employees or agents) shall be commenced in the state and federal courts sitting in the City of New York, Borough of Manhattan
(the “New York Courts”). Each party hereto hereby irrevocably submits
to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and
hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to
the jurisdiction of such New York Courts, or such New York Courts are improper or inconvenient venue for such proceeding. Each party hereby
irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing
a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect
for notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law.
Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in
any legal proceeding arising out of or relating to this Note or the transactions contemplated hereby. If any party shall commence an action
or proceeding to enforce any provisions of this Note, then the prevailing party in such action or proceeding shall be reimbursed by the
other party for its attorneys fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action
or proceeding. This Note shall be deemed an unconditional obligation of Borrower for the payment
of money and, without limitation to any other remedies of Holder, may be enforced against Borrower by summary proceeding pursuant to New
York Civil Procedure Law and Rules Section 3213 or any similar rule or statute in the jurisdiction where enforcement is sought. For purposes
of such rule or statute, any other document or agreement to which Holder and Borrower are parties or which Borrower delivered to Holder,
which may be convenient or necessary to determine Holder’s rights hereunder or Borrower’s obligations to Holder are deemed
a part of this Note, whether or not such other document or agreement was delivered together herewith or was executed apart from this Note.

 

e)     Waiver.
Any waiver by Borrower or the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver of
any other breach of such provision or of any breach of any other provision of this Note. The failure of Borrower or the Holder to insist
upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the
right thereafter to insist upon strict adherence to that term or any other term of this Note on any other occasion. Any waiver by Borrower
or the Holder must be in writing.

 

f)      Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any provision
is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and circumstances.

 

    	 	7	 

     

    

 

g)     Usury.
If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the
applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable
law. Borrower covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive Borrower
from paying all or any portion of the principal of or interest on this Note as contemplated herein, wherever enacted, now or at any time
hereafter in force, or which may affect the covenants or the performance of this Note, and Borrower (to the extent it may lawfully do
so) hereby expressly waives all benefits or advantage of any such law, and covenants that it will not, by resort to any such law, hinder,
delay or impede the execution of any power herein granted to the Holder, but will suffer and permit the execution of every such as though
no such law has been enacted.

 

h)     Next
Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day.

 

i)      Headings.
The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed to limit or affect
any of the provisions hereof.

 

j)      Amendment.
Unless otherwise provided for hereunder, this Note may not be modified or amended or the provisions hereof waived without the written
consent of Borrower and the Holder.

 

k)     Facsimile
Signature. In the event that the Borrower’s signature is delivered by facsimile transmission, PDF, electronic signature
or other similar electronic means, such signature shall create a valid and binding obligation of the Borrower with the same force and
effect as if such signature page were an original thereof.

 

(Signature Pages Follow)

 

    	 	8	 

     

    

 

IN WITNESS
WHEREOF, Borrower has caused this Note to be signed in its name by an authorized officer as of the 1 day of March, 2022.

 

	 	PISH POSH BABY
    LLC
	 	 
	 	By	 
	 	 	Name:	Dov Kurlander
	 	 	Title:	Managing Member and CEO
	WITNESS:	 	 	 
	 	 	 	 
	 	 	 	 

 

    	 	9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]