Document:

FIRST
AMENDMENT TO FORBEARANCE AGREEMENT

 

THIS
FIRST AMENDMENT TO FORBEARANCE AGREEMENT (this “Amendment”), dated as of August 15, 2018, is entered
into and between by and between Super G Capital, LLC, a Delaware limited liability company (“Lender”),
Precision Opinion, Inc., a Nevada corporation (“Borrower”), and James T. Medick, an individual residing
at 2482 Hollow Rock Road, Las Vegas, NV 89135 (“Guarantor”). Borrower and Guarantor are sometimes referred
to herein, as the “Credit Parties”.

 

W I T N E S S E T H:

 

WHEREAS,
the Lender and the Borrower are parties to (i) that certain Business Loan & Security Agreement, dated as of September 13,
2017 (as amended, restated, supplemented or modified from time to time, the “Loan Agreement”) by and
between Lender and Borrower; (ii) all other instruments, agreements and other documents executed or delivered in connection therewith
(each as amended or otherwise modified, and collectively with the Loan Agreement, the “Loan Documents”);

 

WHEREAS,
each of the Credit Parties previously entered into that certain Forbearance Agreement (the “Forbearance Agreement”),
dated as of July 8, 2018, by and among Lender, and the Credit Parties; and

 

WHEREAS,
the Credit Parties and Lender have agreed to amend certain provisions of the Forbearance Agreement subject to the terms and on
the conditions set forth herein.

 

NOW
THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION
1. DEFINITIONS. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in
the Loan Agreement.

 

SECTION
2. AMENDMENT TO FORBEARANCE AGREMEENT.

 

2.1
Upon the First Amendment Effective Date (as defined in the First Amendment to Forbearance Agreement dated August 15, 2018), the
definition of “Forbearance Termination Date” as set forth in the Forbearance Agreement is hereby amended to delete
the reference to “August 15, 2018” and substitute “September 30, 2018” therefor.

 

2.2
Upon the First Amendment Effective Date, Section 5.5 of the Forbearance Agreement is amended and restated in its entirety to read
as follows:

 

“5.5
Payments to Lender. Borrower hereby respresents, covenants and agrees that:

 

(a)
On or before September 30, 2018, Borrower shall pay to Lender an amount (the “Required Payment Amount”)
equal to the sum of (i) $250,000, plus (ii) any other repayments, fees, interest or other amounts that are due or that
may become due and payable during the period commencing on the Forbearance Effective Date and terminating on September 30, 2018
(exclusive of the additional 5% interest charge set forth in Section 2.3 of the Loan Agreement); provided that if Lender
receives payment of the Required Payment Amount on or before September 30, 2018, then Lender shall waive its right to demand payment
of the additional 5% interest charge that is otherwise applicable to the outstanding Obligations in accordance with Section 2.3
of the Loan Agreement.

 

    	 	 	 

     

    

 

(b)
If Borrower fails to make payment of the Required Payment Amount to Lender on or before September 30, 2018, then Borrower shall
pay to Lender an additional late fee in the amount of $50,000, which fee shall become fully earned, due and payable at 4:00 p.m.
(Eastern Time) on September 30, 2018.”

 

SECTION
3. CONDITIONS TO EFFECTIVENESS.

 

3.1
The provisions contained in Section 2 herein shall be effective only upon the satisfaction of each of the following conditions
precedent, in a manner satisfactory to Lender, or otherwise waived by Lender in its sole discretion (the date on which such conditions
precedent are satisfied or waived by Lender shall be the “First Amendment Effective Date”):

 

(a)
the receipt by Lender, in form and substance satisfactory to Lender, of an original (or faxed or electronic copy) of this Amendment,
duly authorized, executed and delivered by Borrower;

 

(b)
receipt by Lender of payment from Borrower of all costs and expenses, including, without limitation, all legal fees and expenses,
incurred by Lender in the structuring, negotiation, arrangement and/or preparation of this Amendment and the agreements, documents
and/or instruments in connection herewith or contemplated hereby;

 

(c)
all of the representations and warranties contained in the Forbearance Agreement, the Loan Agreement and each of the other Loan
Documents, as amended hereby, shall be true and correct in all material respects after giving effect to this Amendment, except
to the extent that any such representation or warranty is made as of a specified date, in which case such representation or warranty
shall have been true and correct as of such date;

 

(d)
the receipt by Lender, in form and substance satisfactory to Lender, of an original (or faxed or electronic copy) amendment to
that certain forbearance agreement dated on or about July 8, 2018, by and between Heritage and Borrower, duly authorized, executed
and delivered by each of the parties thereto;

 

(e)
the receipt by Lender of a Third Amendment to Loan Agreement, duly authorized, executed and delivered by Borrower; and

 

(f)
after giving effect to the provisions of this Amendment, no default, or Event of Default shall exist or shall have occurred and
be continuing.

 

SECTION
4. PROVISIONS OF GENERAL APPLICATION.

 

4.1
Effect of this Amendment. Except as expressly set forth herein, no other changes or modifications to the Loan Agreement
or any of the other Loan Documents are intended or implied, and in all other respects the Loan Documents are hereby specifically
ratified, restated and confirmed by all parties hereto as of the date hereof. This Amendment and any instruments or documents
delivered or to be delivered in connection herewith, represent the entire agreement and understanding concerning the subject matter
hereof and thereof between the parties hereto, and supersede all other prior agreements, understandings, negotiations and discussions,
representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or
written. To the extent of conflict between the terms of this Amendment, the Forbearance Agreement and the other Loan Documents,
the terms of this Amendment shall control. The Loan Agreement, this Amendment and this Forbearance Agreement shall be read and
construed as one agreement.

 

4.2
Binding Agreement; No Third Party Beneficiaries. This Amendment shall be binding upon and inure to the benefit of each
of the parties hereto and its respective successors and assigns. This Amendment is solely for the benefit of Lender and the Credit
Parties and each of their respective successors and assigns, and no other person shall have any right, benefit, priority or interest
under, or because of the existence of, this Amendment.

 

    	 	2	 

     

    

 

4.3
Costs and Expenses. In addition to all other fees and expenses payable by Borrowers to Lender under the Loan Documents
or otherwise, Borrower shall reimburse Lender for all costs and expenses including, without limitation, all legal fees and expenses
incurred by Lender in the structuring, negotiation, arrangement and/or preparation of this Amendment and the agreements, documents
and/or instruments in connection herewith or contemplated hereby.

 

4.4
Further Assurances. The parties hereto shall execute and deliver such additional documents and take such additional action
as may be reasonably necessary or desirable to effectuate the provisions and purposes of this Amendment, including without limitation
any additional documentation to evidence or perfect Lender’s liens in the assets of the Credit Parties.

 

4.5
No Duress. This Amendment has been entered into without force or duress, of the free will of each Credit Party. Each Credit
Party’s decision to enter into this Amendment is a fully informed decision and such Credit Party is aware of all legal and
other ramifications of such decision.

 

4.6
Counsel. Each Credit Party has read and understands this Amendment, has consulted with and been represented by legal counsel
in connection herewith, and has been advised by its counsel of its rights and obligations hereunder and thereunder.

 

4.7
Governing Law. The validity, interpretation and enforcement of this Amendment and any dispute arising out of the relationship
between the parties hereto whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State
of California but excluding any principles of conflicts of law or other rule of law that would cause the application of the law
of any jurisdiction other than the laws of the State of California.

 

4.8
Waiver of Jury Trial. To the fullest extent permitted by applicable law, each of the Credit Parties hereby irrevocably
waives any right to trial by jury of any claim, demand, action or cause of action arising under this agreement or in any way connected
with or related or incidental to the dealings of the parties hereto in respect of this agreement or the transactions contemplated
hereby, in each instance whether now existing or hereafter arising and whether in contract, tort, equity or otherwise.

 

4.9
Headings. The headings listed herein are for convenience only and do not constitute matters to be construed in interpreting
this Amendment.

 

4.10
Counterparts. This Amendment may be executed in any number of counterparts, but all of such counterparts shall together
constitute but one and the same agreement. In making proof of this Amendment, it shall not be necessary to produce or account
for more than one counterpart thereof signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment
by telecopier or other electronic method of transmission shall have the same force and effect as delivery of an original executed
counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telecopier or other electronic
method of transmission also shall deliver an original executed counterpart of this Amendment, but the failure to deliver an original
executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment as to such party or any
other party.

 

[Remainder
of page intentionally blank]

 

    	 	3	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by its authorized officers
as of the day and year first above written.

 

	 	LENDER:
	 	 	 
	 	SUPER G CAPITAL, LLC, a Delaware limited liability company
	 	 	 
	 	By:
    	 /s/
    Marc Cole 
	 	Name:
    	 Marc
    Cole 
	 	Title:
    	 Chief
    Financial Officer 
	 	 	               
	 	BORROWER:
	 	 	 
	 	PRECISION OPINION, INC., a Nevada corporation
	 	 	 
	 	By:	/s/
    Bruce Baum
	 	Name:	Bruce
    Baum
	 	Title:
    	CFO
    
	 	 	 
	 	Guarantor:
	 	 	 
	 	/s/
    James T. Medick
	 	James T. Medick, individually
	 	 	 
	 	Address:
	 	2482 Hollow Rock Road
	 	Las Vegas, NV 89135

 

Signature
Page to First Amendment to Forbearance Agreement

 

    	 	 	 

     

    

 

GUARANTOR’s
REAFFIRMATION AND CONSENT

 

All
capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to them in that certain Business
Loan & Security Agreement, dated as of September 13, 2017 (as amended, restated, supplemented or otherwise modified, the “Loan
Agreement”), by and between SUPER G CAPITAL, LLC (“Lender”) and PRECISION OPINION, INC., a Nevada
corporation (“Borrower”), or in that certain Forbearance Agreement, dated as of July 6, 2018 (the “Forbearance
Agreement”), by and between Lender and Borrower. The undersigned hereby (a) represents and warrants to Lender that the
execution, delivery, and performance of this Reaffirmation and Consent are within his powers, are not in contravention of any
law, rule, or regulation, or any order, judgment, decree, writ, injunction, or award of any arbitrator, court, or governmental
authority, or of any contract or undertaking to which he is a party or by which any of his properties may be bound or affected;
(b) consents to the transactions contemplated by this Amendment; (c) acknowledges and reaffirms his obligations owing to the Lender
under any Loan Documents to which he is a party (including without limitation the Guaranty and Suretyship Agreement, dated as
of September 13, 2017 (the “Guaranty”), executed by the undersigned, in connection with the execution of the
Loan Agreement); and (d) agrees that each of the Loan Documents (including without limitation the Guaranty and Suretyship Agreement)
to which he is a party is and shall remain in full force and effect. Although the undersigned has been informed of the matters
set forth herein and has acknowledged and agreed to same, he understands that the Lender has no obligations to inform him of such
matters in the future or to seek his acknowledgment or agreement to future amendments, and nothing herein shall create such a
duty. Delivery of an executed counterpart of this Reaffirmation and Consent by telefacsimile or electronic pdf file shall be equally
as effective as delivery of an original executed counterpart of this Reaffirmation and Consent. Any party delivering an executed
counterpart of this Reaffirmation and Consent by telefacsimile or electronic pdf file also shall deliver an original executed
counterpart of this Reaffirmation and Consent but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Reaffirmation and Consent. This Reaffirmation and Consent shall be governed
by the laws of the State of California.

 

[Signature
Page Follows]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, the undersigned has caused this Reaffirmation and Consent to be executed as of the date of this Amendment.

 

	 	/s/
    James T. Medick
	 	James
    T. Medick
	 	 
	 	Address:
	 	2482
    Hollow Rock Road
	 	Las
    Vegas, NV 89135

 

Signature Page to Guarantor’s Reaffirmation and ConsentExhibit 10.1

 

STOCK PURCHASE AGREEMENT

 

This PURCHASE AGREEMENT
(the “Agreement”), effective on the date of execution by the last party to execute it (the “Effective Date”)
is entered into by and between iFresh Inc., a Delaware corporation (the “Company”),
and Uzi Einy (the “Investor”).

 

RECITALS

 

Investor wishes to
purchase from Company, and Company wishes to issue to Investor, $500,000.00 (the “Investment”) of shares (the “Shares”)
of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”) at a share price determined according
to this Agreement.

 

AGREEMENT

 

NOW THEREFORE, in consideration
of the foregoing, and the representations, warranties, and conditions set forth below, the parties hereto, intending to be legally
bound, hereby agree as follows:

 

1. The Purchase.
Company agrees to sell and issue to Investor, and Investor agrees to buy from Company, the Shares pursuant to the terms of this
Section 1.

 

(a) Purchase Notice.
Each week, Investor shall notify Company by email of Investor’s election to purchase at least 10,000 Shares (a “Purchase
Notice”). Investor may provide Company with one Purchase Notice or multiple Purchase Notices in a single week. Investor may
send Company a Purchase Notice at any time before the Termination Date. Each Purchase Notice shall indicate the number of shares
that Investor elects to purchase, provided that such number shall not be less than 10,000.

 

(b) Purchase Price.
The purchase price of the Shares shall be 95% of the closing price of the Company’s publicly-traded stock on the NASDAQ trading
day immediately before the day on which the Company receives the Investor’s Purchase Notice (the “Purchase Price”).

 

(c) Payment. Within
1 business day of Investor providing a Purchase Notice to Company, Investor shall wire to Company the Purchase Price of the shares
that Investor has purchased pursuant to Investor’s Purchase Notice (each such payment a “Payment”).

 

(d) Stock Issue.
On Friday of each week, the Company shall issue to a brokerage account of Investor’s choice the number of Shares that Investor
has elected to purchase pursuant to Investor’s Purchase Notices during the past 5 business days. Notwithstanding anything
to the contrary, Company shall not be obligated to issue Shares to Investor more than one time every 5 business days.

 

     

     

    

 

(e) Reconciliation
after Termination. If, by the day after the Termination Date, Investor has paid less than $500,000.00 to Company pursuant to
this Agreement, Investor shall within 2 business days transfer to Company the amount representing the difference between $500,000.00
and the amount Investor has paid to Company pursuant to this Agreement; provided, however, that in no event shall the Company be
required to issue or the Investor be required to pay for in excess of 500,000 Shares pursuant to the terms of this Agreement. The
Purchase Price for this amount shall be the closing price of the Company’s publicly-traded stock on the Termination Date.
Within 1 business day of Company receiving this amount, Company shall transfer to Investor the corresponding number of Shares,
rounded to the nearest whole share. In the event that the foregoing amount would result in the issuance of greater than 500,000
shares, the Investor shall only be required to deliver payment to the Company for up to 500,000 Shares. Any Share amounts required
to be issued pursuant to this paragraph shall be rounded down to the nearest whole share.

 

(f) Termination.
Investor’s obligation to purchase Company’s Common Stock pursuant to the terms of this Agreement shall end automatically
at 12:01 a.m. on December 16, 2018 (the “Termination Date”).

 

(g) Limitations.

 

(i) Notwithstanding
anything to the contrary contained herein, in no event will the Company issue more than 500,000 Shares pursuant to the terms of
this Agreement.

 

(ii) Notwithstanding
anything to the contrary contained herein, in no event will Investor be obligated to invest more than $500,000.00 in Company.

 

2. Representations
and Warranties of Company. The Company represents and warrants to the Investor that:

 

(a) Due Incorporation,
Qualification, etc. The Company (i) is a corporation duly organized, validly existing and in good standing under the laws of
its jurisdiction of organization; (ii) has the power and authority to own, lease and operate its properties and carry on its business
as now conducted and proposed to be conducted; and (iii) is duly qualified and licensed to do business and in good standing in
each jurisdiction in which the failure to be so qualified or licensed would have a material adverse effect.

 

(b) Authority.
All corporate action required to be taken by the Company’s Board of Directors in order to authorize the Company to enter
into this Agreement and to issue the Shares has been taken. The execution, delivery and performance by the Company of this Agreement
and the consummation of the transactions contemplated hereby (i) are within the power of the Company and (ii) have been duly authorized
by all necessary actions on the part of the Company.

 

(c) Issuance of Securities.
The issuance of the Shares has been duly authorized and when issued, sold and delivered in accordance with the terms and for the
consideration set forth in this Agreement, will be duly and validly issued, fully paid and nonassessable and free and clear of
all liens, other than restrictions on transfer imposed by applicable securities laws, and shall not be subject to preemptive or
similar rights. Assuming the accuracy of the representations and warranties of the Investor in this Agreement, the Shares will
be issued in compliance with all applicable federal and state securities laws. The Shares are being sold pursuant to the existing
shelf registration statement on Form S-3 (File No. 333-224141, the “Shelf Registration Statement”).

 

    	 	2	 

     

    

 

3. Representations
and Warranties of Investor. The Investor represents and warrants to the Company upon the acquisition of the Shares as follows:

 

(a) Organization and
Authority of Investors. The execution and delivery of this Agreement by the Investor, the performance by the Investor of its
obligations hereunder and the consummation by the Investor of the transactions contemplated hereby have been duly authorized by
all requisite action on the part of the Investor.

 

(b) Binding Obligation.
This Agreement has been duly executed and delivered by the Investor, and (assuming due authorization, execution and delivery by
the Company) this Agreement constitutes the legal, valid and binding obligation of the Investor, enforceable in accordance with
its terms, except as such enforceability may be limited by bankruptcy, insolvency or other laws of general application relating
to or affecting the enforcement of creditors’ rights generally and general principles of equity.

 

(c) Investment Experience.
The Investor acknowledges that it has prior investment experience, including investments in non-listed and non-registered securities
and is able to evaluate the merits and risks of such an investment, and the Investor represents that it understands the highly
speculative nature of this investment which may result in the loss of the total amount of such investment. The Investor has the
requisite knowledge and experience in financial and business matters that such Investor is capable of evaluating the merits and
risks of such investment.

 

(d) No General Solicitation.
The Investor acknowledges that it is not acquiring the Shares as a result of any general solicitation or advertising.

 

4. Covenants.

 

(a) Filing of Form
8-K and Prospectus Supplement. The Company agrees that it shall, within the time required under the Securities Exchange Act
of 1934, as amended (the “1934 Act”), file a Current Report on Form 8-K disclosing this Agreement and the transaction
contemplated hereby. The Company shall file within two 2 business days from the date hereof the prospectus supplement to the Shelf
Registration Statement covering the sale of the Shares (the “Prospectus Supplement”) in accordance with the
terms of the Agreement.

 

5. Miscellaneous.

 

(a) Waivers and Amendments.
Any provision of this Agreement may be amended, waived or modified only upon the written consent of Company and a Majority in Interest.

 

(b) Governing Law.
This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York, and without
giving effect to choice of laws provisions that would result in the application of the substantive law of another jurisdiction.

 

    	 	3	 

     

    

 

(c) JURISDICTION;
SERVICE; WAIVERS. ANY ACTION OR PROCEEDING IN CONNECTION WITH THIS AGREEMENT MAY BE BROUGHT ONLY IN A COURT OF RECORD
OF THE STATE OF NEW YORK IN THE COUNTY OF NEW YORK. THE PARTIES TO THIS AGREEMENT HEREBY CONSENT TO THE EXCLUSIVE JURISDICTION
OF SUCH COURTS OF THE STATE OF NEW YORK, AND SERVICE OF PROCESS MAY BE MADE UPON THE PARTIES TO THIS AGREEMENT BY MAILING A COPY
OF THE SUMMONS AND ANY COMPLAINT TO SUCH PERSON, BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, AT ITS ADDRESS TO BE
USED FOR THE GIVING OF NOTICES UNDER THIS AGREEMENT. BY ACCEPTANCE HEREOF, THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVE ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OR MAINTAINING OF ANY SUCH ACTION OR PROCEEDING IN SUCH JURISDICTION.

 

(d) Survival.
The representations, warranties, covenants and agreements made herein shall survive the execution and delivery of this Agreement.

 

(e) Entire Agreement.
This Agreement constitutes and contains the entire agreement among Company and the Investor and supersedes any and all prior agreements,
negotiations, correspondence, understandings and communications among the parties, whether written or oral, respecting the subject
matter hereof.

 

(f) Notices. All
notices, requests, demands, consents, instructions or other communications required or permitted hereunder shall in writing and
faxed, mailed or delivered to each party as follows:

 

(i) if to the
Investor, at:,

 

Uzi Einy

________________________

________________________

Telephone:
________________________

________________________

 

or

 

    	 	4	 

     

    

 

(ii) if to
the Company, at:

 

iFresh Inc.

Attn: Long Deng

2-39 54th Avenue

Long Island City,
New York 

Telephone: 718-628-6200

legal@ifreshmarket.com

 

or at such other address
or facsimile number as the Company shall have furnished to the Investors in writing. All such notices and communications shall
be effective (a) when sent by Federal Express or other overnight service of recognized standing, on the business day following
the deposit with such service; (b) when mailed, postage prepaid and addressed as aforesaid, upon receipt; (c) when delivered by
hand, upon delivery; and (d) when faxed or sent by e-mail, upon confirmation of receipt.

 

(g) Severability.
If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

(h) Headings.
Article, section and subsection headings in this Agreement are included herein for convenience of reference only and shall not
constitute a part of this Agreement for any other purpose.

 

(i) Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall
be deemed to constitute one instrument.

 

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the
date and year first written above.

 

	 	COMPANY:
	 	 
	 	iFRESH INC.
	 	 	 
	 	By:	 
	 	Name:	Long Deng
	 	Title:	CEO
	 	Date: 	______________

 

    	 	6	 

     

    

 

OMNIBUS INVESTOR
SIGNATURE PAGE TO

IFRESH, INC.

PURCHASE AGREEMENT

 

The undersigned, in
his capacity as an Investor, hereby executes and delivers the Purchase Agreement to which this signature page is attached and agrees
to be bound by the Purchase Agreement on the date set forth on the first page of the Purchase Agreement. This counterpart signature
page, together with all counterparts of the Purchase Agreement and signature pages of the other parties named therein, shall constitute
one and the same instrument in accordance with the terms of the Purchase Agreement.

 

	 	 	 

Uzi Einy

 

	 	 	 

 

	/s/ 	 

 

Date: ___________________________________

 

Mailing Address: _________________________

 

Telephone No.: ___________________________

 

Email Address: ___________________________

 

Taxpayer ID Number: _______________________

 

    	 	7

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