Document:

ex10_7.htm

    Exhibit
      10.7

     

    PATENT
      LICENSE AND COVENANT NOT TO SUE

    

    

    This
      PATENT LICENSE AND COVENANT NOT TO SUE (this “Agreement”) is entered into among
      McDonald’s Corporation, an Illinois corporation with its principal place of
      business in Oak Brook, Illinois (hereinafter “McDonald’s”), and Card Activation
      Technologies, Inc., a Delaware corporation with its principal place of business
      at 53 West Jackson, Chicago, Illinois 60604 (hereinafter “CAT”) and MedCom USA,
      Incorporated with its principal place of business at 7975 N. Hayden, Scottsdale,
      AZ  85258 (hereinafter “MedCom”).  CAT and MedCom, on the
      one hand, and McDonald’s, on the other hand, are sometimes referred to herein
      individually as a “Party” and collectively as the “Parties”.

    I.

     

    RECITALS

     

    WHEREAS,
      simultaneously with entering into this Agreement, McDonald’s and Card Activation
      Technologies, Inc., together with their respective affiliates, are entering
      into
      a Settlement Agreement (the “Settlement Agreement”); and

     

    WHEREAS,
      CAT desires to grant to McDonald’s a license under the Licensed Patents (as
      defined below);

     

    WHEREAS,
      CAT and MedCom desire to grant McDonald’s a Covenant Not to Sue;

     

    WHEREAS,
      McDonald’s agrees to pay the amount defined below to CAT, all on the terms and
      conditions set forth herein;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and conditions set forth
      herein, the Parties agree as follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    II.

     

    DEFINITIONS

     

    A.           The
      Lawsuit.  “The Lawsuit” shall mean Card Activation
      Technologies v. McDonald’s Corporation, Case No. 06 CV 5578, pending in the
      Northern District of Illinois before Judge Blanche Manning.

     

    B.           The
      Effective Date.  The “Effective Date” shall mean February
      27, 2007, or such other date as CAT, MedCom and McDonald’s may agree to in
      writing.

     

    C.           Licensed
      Patents.  “Licensed Patents” shall mean the United States
      Patent Number 6,032,859 (“’859 Patent”) and (i) all United States continuations,
      continuations-in-part, divisionals and other patent rights claiming priority
      (directly or indirectly) to any of the aforementioned patents and patent
      applications; (ii) as well as all counterparts thereof in foreign countries
      and
      any patents and patent applications to which those patents claim priority (if
      applicable); and (iii) all reissues, reexaminations, renewals and extensions
      of
      any of the foregoing.

     

    D.           McDonald’s
      Payment System.  “McDonald’s Payment System” shall mean
      the payment system used at McDonald’s restaurants, affiliated restaurants and
      franchised restaurants, including (but not limited to) the use of credit cards,
      debit cards, the “ArchCard”Ò,
      any other gift or
      stored
      value card or any other form of cashless payment.

     

    E.           CAT
      Parties.  “CAT Parties” shall mean CAT and MedCom and all
      of their past and present successors, predecessors, beneficiaries, executors,
      trustees, administrators, subrogees, officers, directors, employees, agents,
      trustees, attorneys, heirs, administrators, assigns, partners, parent
      corporations, subsidiaries and affiliates.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    F.           McDonald’s
      Parties.  “McDonald’s Parties” shall mean McDonald’s and
      all of its past, present and future predecessors, successors-in-interest,
      assignees, nominees, subsidiaries, affiliates, authorized franchisees (including
      the authorized franchisees of all subsidiaries and affiliates), divisions,
      officers, directors, employees, agents, attorneys, representatives, servants,
      partners and agents.  A list of the current subsidiaries and
      affiliates of McDonald’s is set forth in Exhibit 1 of this
      Agreement.

     

    III.

     

    TERMS
      OF AGREEMENT

     

    A.           License
      Grant.  CAT hereby grants, on behalf of itself and all of
      the other CAT Parties, to the McDonald’s Parties, a worldwide, perpetual,
      irrevocable, non-exclusive, fully paid-up right and license, under the Licensed
      Patents, to practice the Licensed Patents to the fullest extent possible,
      including to make, have made, use, sell, offer for sale, import, develop, have
      developed, commercialize, export, market and promote products, including (but
      not limited to) any product, software, process, method or device relating in
      any
      way to the McDonald’s Payment System.

     

    B.           Conditions
      of License Grant.  CAT shall retain all right, title, and
      interest in, to and under the Licensed Patents except for the rights explicitly
      granted to McDonald’s in accordance with this Agreement, including the right to
      make, have made, use, sell, offer for sale, import and otherwise exploit any
      products or processes covered by the Licensed Patents.  CAT shall have
      the sole right at its sole expense to prosecute, maintain, enforce and defend
      any of the Licensed Patents.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    C.           Covenant
      Not to Sue.  The CAT Parties hereby covenant that none of
      them shall sue, assert any claim or counterclaim against, or otherwise
      participate in any action or proceeding against any of the McDonald’s Parties
      that relates in any way to (i) any act of the McDonald’s Parties occurring on or
      before the Effective Date; (ii) the Licensed Patents; (iii) the Lawsuit, or
      (iv)
      the McDonald’s Payment System.  The CAT Parties shall impose this
      covenant on any third party to which CAT, MedCom or any of the other CAT Parties
      may after the Effective Date assign, convey, sell, lease, encumber, license,
      sublicense or otherwise transfer or grant any right in or to (collectively,
      “transfer”) any such patent rights or any right or interest
      therein.

     

    D.           Lump
      Sum Payment.  On or before March 2, 2007, and in full
      consideration for this Agreement and the covenants and License Grant included
      therein, and the Settlement Agreement, and the releases and dismissals included
      therein, McDonald’s shall pay to CAT a one-time, lump-sum payment of $45,000
      USD.  The CAT Parties acknowledge and agree that this payment to CAT,
      as represented by their signatures affixed hereto, is in full, complete and
      total payment for this Agreement, and the covenants and License Grant included
      therein, and the Settlement Agreement, and the releases and dismissals included
      therein.

     

    IV.

     

    REPRESENTATIONS
      AND WARRANTIES

     

    A.           Mutual
      Representations and Warranties.  Each Party represents
      and warrants to the other Party as of the Effective Date:  (a) that it
      is an entity duly organized, validly existing and in good standing under the
      laws of the state of its organization; (b) that it has the authority to enter
      into this Agreement, extend the licenses and other rights granted to the other
      Party under this Agreement, and undertake and fully perform its obligations
      under this Agreement; (c) that this Agreement has been duly executed and
      delivered by it and is a binding obligation of it, enforceable in accordance
      with its terms, subject, as to enforcement of remedies, to applicable
      bankruptcy, insolvency, moratorium, reorganization and similar laws affecting
      creditors’ rights generally, and to general equitable principles; and (d) all
      necessary consents, approvals and authorizations of all regulatory and
      governmental authorities and other third parties required to be obtained by
      it
      in connection with the execution and delivery of this Agreement and the
      performance of its obligations hereunder have been obtained.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    B.           Representations
      and Warranties by the CAT Parties.  The CAT Parties
      represent and warrant to the McDonald’s Parties that as of the Effective
      Date:  (a) CAT owns all right, title and interest in and to the
      Licensed Patents; (b) none of the other CAT Parties, nor any other third party
      from which CAT purchased, acquired, obtained or otherwise was granted any right,
      title or interest in or to the Licensed Patents, has any right, title or
      interest in or to any of the Licensed Patents (including the right to sue or
      recover for damages); (c) CAT has not transferred any right, title or interest
      in or to the Licensed Patents; and (d) as of the date hereof, to the best of
      their knowledge, the ‘859 Patent is valid and enforceable.  The CAT
      Parties hereby agree to defend, indemnify, and hold the McDonald’s Parties
      harmless from and against any and all claims, counterclaims, suits, losses,
      damages, liabilities and/or expenses (including reasonable attorneys’ fees) of
      every kind whatsoever arising out of any breach of the foregoing representations
      and warranties.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    V.

     

    GENERAL
      PROVISIONS

     

    A.           No
      Assignment.  The CAT Parties warrant and represent that
      neither they nor any one of them has made any assignment or transfer of any
      right, claim, demand, cause of action, or other matter covered by the License
      and Covenant Not to Sue set forth herein.

     

    B.           Attorneys’
      and Experts’ Fees.  Each of the Parties
      shall bear all of its own costs and expenses, including, without limitation,
      legal fees incurred in connection with the Lawsuit and the preparation,
      negotiation, and/or review of this Agreement.

     

    C.           Mediation.  Each
      Party agrees that if a dispute arises between them regarding this Agreement
      or
      the Settlement Agreement, it will give the other party written notice of the
      dispute.  The Parties agree that if they are unable to resolve the
      dispute, they will mediate the dispute for purposes of seeking resolution
      through supplemental negotiations within thirty (30) days of the notice (or
      later if mutually agreed to by the Parties involved in the
      dispute).

     

    D.           Reimbursement
      of Fees and Costs for Violation of Covenant Not to
      Sue. The CAT Parties
      agree that if they, or any one of them, or anyone claiming through any one
      of
      them, sues any of the McDonald’s Parties, they shall reimburse the McDonald’s
      Parties for all attorneys’ fees, costs, and expenses incurred by the McDonald’s
      Parties in defending that subsequent lawsuit if it is ruled that this Agreement
      or the Settlement Agreement bars the claims asserted in that subsequent
      lawsuit.  The parties agree that Exhibit 1 is a list of the current
      subsidiaries and affiliates of McDonald’s that are covered by the Covenant Not
      to Sue set forth in this Agreement.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    E.           Reimbursement
      of Fees and Costs to Enforce Agreement.  If any of
      the  McDonald’s Parties institutes any action at law or in equity
      against any of the CAT Parties to secure or protect their rights under, or
      to
      enforce the terms of, or for breach of a representation or warranty in this
      Agreement, in addition to any judgment entered in their favor, the McDonald’s
      Parties shall be entitled to recover such attorneys’ fees together with court
      costs and expenses of litigation.  Likewise, if any of the CAT Parties
      institutes any action at law or in equity against any of the McDonald’s Parties
      to secure or protect their rights under, or to enforce the terms of, or for
      breach of a representation or warranty in this Agreement, in addition to any
      judgment entered in their favor, the CAT Parties shall be entitled to recover
      such attorneys’ fees together with court costs and expenses of
      litigation.

     

    F.           Drafting.  This
      Agreement was negotiated at arm’s-length, mutually drafted, and entered into
      freely by the Parties with the advice of counsel.  In the event an
      ambiguity exists in any provision of this Agreement, such ambiguity is not
      to be
      construed by reference to any doctrine or statute calling for ambiguities to
      be
      construed against the drafter of the document.

     

    G.           Captions. The
      captions or headings of the Sections or Paragraphs of this Agreement are for
      convenience of reference only and in no way define, limit or affect the scope
      or
      substance of any Section or Paragraph of this Agreement.

     

    H.           Scope
      of Promises, Representations, and
      Inducements. The Parties acknowledge, warrant
      and represent that no promises, representations or inducements, except as herein
      set forth, have been offered or made by any of the Parties to secure the
      execution of the License and Covenant Not to Sue above or this Agreement, and
      that the License and Covenant Not to Sue above and this Agreement are executed
      without reliance on any statements or any representations not contained
      herein.  Each of the Parties knowingly waives (1) any claim that this
      Agreement was induced by any misrepresentation or nondisclosure, and (2) any
      right to rescind or avoid this Agreement based upon presently existing facts,
      known or unknown.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    I.           Voluntary
      Agreement.  Each of the Parties certifies that it is
      voluntarily entering into this Agreement in good faith based solely and
      completely upon its own judgment and with the advice of counsel following its
      good-faith assessment of the disputes at issue.

     

    J.           Survival.  The
      Parties hereby agree that the provisions of this Agreement, including, without
      limitation, the representations, warranties, covenants and License Grant made
      herein, shall survive the execution of this Agreement and the performance by
      the
      Parties of their respective obligations under this Agreement.

     

    K.           Severability.  Any
      part, provision, representation or warranty of this Agreement that is prohibited
      or unenforceable, or is held by a court of competent jurisdiction to be void
      or
      unenforceable, in any jurisdiction shall, as to such jurisdiction, be
      ineffective to the extent of such prohibition or unenforceability without
      invalidating the remaining parts, provisions, representations or warranties
      herein, and any such prohibition or unenforceability in any jurisdiction shall
      not invalidate or render unenforceable such provision in any other
      jurisdiction.  To the extent permitted by applicable law, the Parties
      hereby knowingly, voluntarily, and intelligently waive any provision of law
      that
      prohibits or renders void or unenforceable any part, provision, representation
      or warranty hereof.

     

    L.           Entire
      Agreement.  This Agreement, together with the Settlement
      Agreement (including Exhibits), constitutes the entire agreement of the Parties
      hereto and supersedes all prior and contemporaneous agreements and
      understandings of the Parties.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    M.           Successors
      and Assigns.  This Agreement shall be binding upon and
      inure to the benefit of the Parties’ successors and assigns.  The CAT
      Parties may not assign any rights, or delegate any obligations, under this
      Agreement without the prior written consent of McDonald’s, and any purported
      assignment or delegation will be void without McDonald’s prior written
      consent.  A Party assigning any right, or delegating any obligation,
      will not be released of any liability under this Agreement.  Except
      for those persons benefited from the License Grant and the Covenant Not to
      Sue,
      nothing contained in this Agreement shall in any fashion be construed to, or
      inure to the benefit of, any person or entity not a party to this Agreement,
      including, but not limited to, the creditors of any of the Parties.

     

    N.           Modifications.  No
      part or provision of this Agreement may be changed, modified, waived, discharged
      or terminated except by an instrument in writing signed by the party against
      whom enforcement of such change, modification, waiver, discharge or termination
      is sought.  The failure of a party to seek redress for violation of,
      or to insist upon strict performance of, any provision of this Agreement shall
      not be a waiver of that provision by that party or estop that party from
      asserting fully any and all of its rights under this Agreement.

     

    O.           Confidentiality.  The
      CAT Parties agree, and shall instruct their employees, attorneys and accountants
      to keep the terms and conditions of this Agreement strictly
      confidential.  The McDonald’s Parties agree, and shall instruct their
      employees, accountants, and outside attorneys involved in the resolution of
      this
      matter to keep the terms and conditions of this Agreement strictly
      confidential.  The Parties further agree not to provide originals or
      copies of, or disclose any or all of the contents of, this Agreement to any
      third-party; provided, however, that (1) originals or copies of this Agreement
      may be produced and its contents shall be admissible in any dispute between
      or
      among any of the Parties, (2) originals or copies of this Agreement may be
      produced, and the contents of this Agreement may be disclosed, in accordance
      with an Order entered by a court of competent jurisdiction, (3) originals or
      copies of this Agreement may be produced, and the contents of this Agreement
      may
      be disclosed, by McDonald’s where such production or disclosure is required by
      statute or regulation, such as regulations governing Uniform Franchise Offering
      Circular disclosures; (4) originals or copies of this Agreement may be produced,
      and the contents of this Agreement may be disclosed, to attorneys, accountants,
      and other persons for the purpose of facilitating accounting or tax advice
      or
      services, provided, however, that any disclosure (other than as set forth above)
      of the terms and conditions of this Agreement by said attorneys, accountants,
      or
      other persons shall be deemed a breach of this Agreement by the party who
      disclosed the information to said attorneys, accountants, or other persons
      and
      (5) McDonald’s may disclose the combined amount of its attorneys’ fees, defense
      costs and settlement payment solely for the limited purpose of obtaining
      indemnification.  In the event that any Party reasonably believes that
      production or disclosure of the contents of this Agreement is required by a
      subpoena or other valid legal process, it shall provide written notice to the
      other Parties at least five (5) business days prior to the date such production
      or disclosure is required and shall cooperate fully with the other Parties
      in
      seeking a protective order to preserve the confidentiality of this Agreement
      and
      its contents.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    P.           Further
      Assurances.  Each of the Parties hereby agrees to execute
      such other and further documents, and to take such other and further actions,
      as
      may be reasonably requested by the other Party for the sole purpose of
      effectuating the agreements herein within ten (10) business days following
      written request.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Q.           Notices.  Notices
      or requests required or permitted to be given hereunder shall be deemed given
      three (3) business days after being sent via both (a) certified or registered
      United States mail, postage prepaid, or personal delivery and (b) facsimile,
      as
      follows:

     

    If
      to
      McDonald’s:

    

    McDonald’s
      Corporation

    Legal
      Department

    Litigation
      Practice Group

    2915
      Jorie Boulevard

    Oak
      Brook,
      IL  60523

    Attn:  Pauline
      Levy,
      Esq.

    Fax
      No. (630) 623-7370

    

    And
      copy to:

    

    James
      R. Ferguson, Esq.

    Mayer,
      Brown, Rowe & Maw
      LLP

    71
      South Wacker Drive

    Chicago,
      IL  60606-4637

    Fax
      No. (312) 706-8421

    If
      to
      CAT:

    

    Card
      Activation Technologies, Inc.

    53
      West
      Jackson Blvd.

    Suite
      1618

    Chicago,
      IL 60604

    If
      to
      MedCom:

    

    Orum
      & Roth LLC

    53
      West
      Jackson Blvd.

    Suite
      1616

    Chicago,
      IL 60604

    

    R.           Authorization
      to Sign.  Each of the Parties hereby represents and
      warrants that the individual signing this Agreement on its behalf is duly
      authorized to enter into this Agreement and to execute and legally bind such
      Party to it.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    S.           Counterparts.  This
      Agreement may be executed in counterparts, each of which shall constitute an
      original and all of which when taken together shall constitute one and the
      same
      instrument.

     

    T.           Governing
      Law.  Illinois law shall govern the interpretation,
      construction, and enforcement of this Agreement.

     

    IN
      WITNESS WHEREOF, the Parties have caused their duly authorized representatives
      to execute and deliver this Agreement as of the dates set forth
      below.

    

    
      	
              CARD
                ACTIVATION

            	 
	
              TECHNOLOGIES,
                INC.

            	
              McDONALD’S
                CORPORATION

            
	 	 
	 	 
	 	 
	
              By:
                ______________________________

            	
              By:_________________________________

            
	
              Name:

            	
              Name:

            
	
              Title:

            	
              Title:

            
	
              Date:  ______________
                ____, 2007

            	
              Date:  _______________
                ____, 2007

            

    

    

    

    

    MEDCOM
      USA, INC.

    

    

    

    By:_______________________________

    Name:

    Title:

    Date:_________________
      ___, 2007

     

     

     12ex10_2.htm

    
      

    

    
      EXHIBIT
        10.2

    

    
      AMENDMENT
        TO MASTER LOAN AGREEMENT

      

      

      THIS
        AMENDMENT TO MASTER LOAN AGREEMENT (this “Amendment”) is
        made and entered into as of June 1, 2007 (“Amendment Effective
        Date”), by and among MATTERHORN FINANCIAL SERVICES LLC, a
        California limited liability company (“Borrower”),
        PERFORMANCE CAPITAL MANAGEMENT, LLC, a California corporation
        (“PCM”), VÄRDE INVESTMENT PARTNERS, L.P., a Delaware
        limited partnership (“Lender”).

      

      RECITALS

      

      WHEREAS,
        Borrower, PCM and Lender are parties to that certain Master Loan Agreement
        dated
        as of June 10, 2004 (the “Loan Agreement”).

      

      WHEREAS,
        Borrower, PCM and Lender desire to amend certain terms of the Loan Agreement,
        in
        accordance with Section 10.5 thereof, as stated herein.

      

      NOW
        THEREFORE, in consideration of the foregoing premises and the agreements
        hereinafter set forth, and for other good and valuable consideration, the
        receipt of which is hereby acknowledged, PCM, Borrower and Lender agree as
        follows:

      

      1.           Definitions.  Capitalized
        terms not otherwise defined herein have the respective meaning contained
        in the
        Loan Agreement.

      

      2.           Amendments.

      

      
        	
                 

              	
                a.

              	
                Article
                  I of the Loan Agreement is hereby amended by deleting in its entirety
                  the
                  definition of "Maturity Date" and replacing it with the
                  following:

              

      

      

      “Maturity
        Date” shall mean the maturity date for principal and any other accrued
        but unpaid amounts on each Loan, which shall be the earlier of (i) the date
        thirty-six (36) months following the applicable Borrowing Date or (ii) the
        date
        of acceleration of the related Note pursuant to Section 9.2.”

      

      b.   Notices.  Section
        10.14 of the Loan Agreement is amended by deleting the address of Borrower
        and
        PCM and replacing it with the following:

      

      
        	 	
                “If
                  to Borrower:

              	 	
                With
                  a Copy to:

              
	 	
                Matterhorn
                  Financial Services LLC

              	 	
                Matterhorn
                  Financial Services LLC

              
	 	
                7001
                  Village Dr., Suite 255

              	 	
                7001
                  Village Dr., Suite 255

              
	 	
                Buena
                  Park, CA 90621

              	 	
                Buena
                  Park, CA 90621

              
	 	 	 	 
	 	
                Attention:  Mr.
                  David Caldwell

              	 	
                Attention:  William
                  D. Constantino

              
	 	
                Telephone
                  No.:  714-736-3790

              	 	
                Telephone
                  No.:  714-736-3790

              
	 	
                Facsimile
                  No.:  714-736-3733

              	 	
                Facsimile
                  No:  714-736-3733

              

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      
        	 	
                If
                  to PCM:

              	 	
                With
                  a Copy to:

              
	 	
                Performance
                  Capital Management, LLC

              	 	
                Performance
                  Capital Management, LLC

              
	 	
                7001
                  Village Dr., Suite 255

              	 	
                7001
                  Village Dr., Suite 255

              
	 	
                Buena
                  Park, CA 90621

              	 	
                Buena
                  Park, CA 90621

              
	 	 	 	 
	 	
                Attention:  Mr.
                  David Caldwell

              	 	
                Attention:  William
                  D. Constantino

              
	 	
                Telephone
                  No.:  714-736-3790

              	 	
                Telephone
                  No.:  714-736-3790

              
	 	
                Facsimile
                  No.:  714-736-3733

              	 	
                Facsimile
                  No:  714-736-3733”

              

      

      

      3.           Effective
        only Upon Full Execution and Delivery.  This Amendment
        shall become effective as of the date first written above upon execution
        and
        delivery by all of the parties hereto, which delivery may be made by delivery
        of
        signatures via facsimile.

      

      4.           Ratification;
        No other Amendments Intended.  As amended hereby, the
        Loan Agreement and all of the Loan Documents are hereby ratified, approved,
        and
        confirmed in every respect, and shall remain in full force and
        effect.  Except as expressly set forth herein, no other amendment to
        the Loan Agreement or the other Loan Documents is intended.

      

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

      

      6.           Severability
        of Provisions.  Any provision of this Amendment which is
        prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
        be ineffective to the extent of such prohibition or unenforceability without
        invalidating the remaining portions hereof or affecting the validity or
        enforceability of such provisions in any other jurisdiction.

      

      7.           Amendment
        as Loan Document.  This Amendment is a “Loan Document” as
        that term is used in the Loan Agreement.

      

      8.           Successors
        and Assigns.  This Amendment shall be binding upon, and
        shall inure to the benefit of, Borrower, PCM and Lender, and their respective
        successors and assigns.

      

      9.           Titles.  Titles
        of the Sections of this Amendment are merely for convenience in reading and
        shall not be construed to alter, modify or interpret the meaning of the
        provisions under said titles.

      

      [The
        remainder of this page was intentionally left
        blank.]

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      AMENDMENT
        TO MASTER LOAN AGREEMENT

      [Signature
        Page]

      

      The
        undersigned have executed this Amendment to Loan Agreement as of the date
        first
        above written.

      

      
        	
                LENDER:

                VÄRDE
                  INVESTMENT PARTNERS, L.P.

                By
                  Värde Investment Partners G.P., LLC, Its General Partner

                By
                  Värde Partners, L.P., Its Managing Member

                By
                  Värde Partners, Inc., Its General Partner

              	 	
                BORROWER:

                MATTERHORN
                  FINANCIAL SERVICES LLC

                By
                  Performance Capital Management, LLC, 

                Its
                  Sole Member

              
	
                  

              	 	
                By:

              	
                  /s/
                  David Caldwell   C.O.O.

              
	 	 	 	
                David
                  Caldwell, Chief Operating Officer

              
	
                By:

              	 /s/
                Christopher N. Giles	 	 	 
	 	Christopher
                N. Giles, Vice President	 	 	 

      

      

      
        	 	
                PCM:

              
	 	
                PERFORMANCE
                  CAPITAL MANAGEMENT, LLC

              

      

      

      

      
        	 	
                By:

              	
                /s/
                  David Caldwell   C.O.O. 

              
	 	 	
                David
                  Caldwell, Chief Operating Officer 

              

      

      

      AGREEMENT
        OF GUARANTOR

      

      The
        undersigned Guarantor hereby acknowledges the terms of the within Amendment
        and
        agrees to continue to be bound as a Guarantor under the Guaranty described
        in
        the Loan Agreement.  The Guarantor agrees and acknowledges that Lender
        is relying on Guarantor’s agreement to execute this Agreement and that Lender
        would not enter into the Amendment without Guarantor’s agreement to be bound
        hereby.

      

      
        	 	
                GUARANTOR:

              
	 	
                PERFORMANCE
                  CAPITAL MANAGEMENT,
                  LLC

              
	 	 
	 	 
	 	
                By:

              	
                /s/
                  David Caldwell   C.O.O.

              
	 	 	
                David
                  Caldwell, Chief Operating
                  Officer

              

      

    

     

    
       

      3

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