Document:

Exhibit 10.21 

   

 APPENDIX B 

   

 SECURITY AGREEMENT
AND GUARANTY 

   

 Merchants Legal Name: DIGITAL
POWER CORPORATION 

Physical Address: 48430 Lakeview Blvd FREMONT CA 

 Zip Code: 94538 

 Federal ID#: 

   

 Security Interest. 

   

 To secure Merchants delive1y obligations to
LIBERTAS FUNDING, LLC (the “Purchaser”) under the Future Receivables Sale Agreement (the “Agreement”)
dated 1/18/2018, Merchant hereby grants to Purchaser a security interest in (a) all accounts, chattel paper, documents, equipment,
general intangibles, instruments and inventory, as those terms are defined in Article 9 of the Uniform Commercial Code (the UCC),
now or hereafter owned or acquired by Merchant; and (b) all proceeds, as that term is defined in Article 9 of the UCC, ((a) and
(b) are collectively , the “Collateral”). 

   

 Cross-Collateral/Additional Collateral. 

   

 To secure Owners (see below) delivery obligations
to Purchaser under this Security Agreement and Guaranty (the “Security Agreement”), Owner also hereby grants Purchaser
as Additional Collateral a security interest in: 

   

 Owner understands that Purchaser will have a
security interest in the aforesaid Additional Collateral upon execution of this Security Agreement. Merchant and Owner each acknowledge
and agree that any security interest granted to Purchaser under any other agreement between Merchant or Owner and Purchaser (the
“Additional Collateral” or “Cross-Collateral”) will secure the obligations hereunder and under the Agreement. 

   

 Authority for the Purchaser to me Financing
Statements; Owner Liable for Costs 

   

 Merchant and Owner each agrees to execute any
documents or take any action in connection with this Security Agreement as Purchaser deems necessary to perfect or maintain Purchasers
first priority security interest in the Collateral, the Additional Collateral and the Cross-Collateral, including the execution
of any account control agreements. Merchant and Owner each hereby authorizes Purchaser to file any financing statements deemed
necessary by Purchaser to perfect or maintain Purchasers security interest, which financing statement may contain notification
that Merchant and Owner have granted a negative pledge to Purchaser with respect to the Collateral, the Additional Collateral
and the Cross-Collateral, and that any subsequent lien or may be tortiously interfering with Purchasers rights. Merchant and Owner
shall be liable for and Purchaser may charge and collect all costs and expenses, including but not limited to attorney’s
fees, which may be incurred by Purchaser in protecting, preserving and enforcing Purchasers security interest and rights. 

   

 Negative Pledge. Merchant and Owner each
agrees not to create, incur, assume or permit to exist, directly or indirectly, any lien on or with respect to any of the Collateral,
the Additional Collateral or the Cross-Collateral, as applicable. 

   

 Consent to Enter Premises and Assign Lease.
Purchaser shall have the right to cure Merchants default in the payment of rent on the following te1ms. In the event Merchant
is served with papers in an action against Merchant for nonpayment of rent or for summary eviction, Purchaser may execute its
rights and remedies under the Assignment of Lease. Merchant also agrees that Purchaser may enter into an agreement with Page:
11 Merchants landlord giving Purchaser the right: (a) to enter Merchants premises and to take possession of the fixtures and equipment
therein for the purpose of protecting and preserving same; and (b) to assign Merchants lease to another qualified Merchant capable
of operating a business comparable to Merchants at such premises. 

   

 Remedies. Upon any Event of Default,
Purchaser may pursue any remedy available at law (including those available under the provisions of the UCC), or in equity to
collect, enforce or satisfy any obligations then owing, whether by acceleration or otherwise. 

   

 Owner Guarantee of Performance Upon Breach
of Merchant Agreement. 

   

 The Owner Guarantees the Performance of all
of the representations, warranties, covenants (collectively, the “Representations”) made by Merchant in this Security
Agreement and the Agreement, as each agreement may be renewed, amended, extended or otherwise modified (the “Guaranteed
Obligations”). To the extent there is no violation of the Representations then the Owner(s) will not guaranty the payment
of the Purchase Amount by the Merchant, or guaranty that the Merchant will generate Future Receivables sufficient to meet its
obligations under the Merchant Agreement. 

   

 Remedies. The Purchaser may seek
remedy via the Personal Guarantee of Performance: 

   

		 a. 	 at the time of any breach by
                                         Merchant of any representation, warranty or covenant made by Merchant in this Security
                                         Agreement and/or the Agreement, and 

		 b. 	 at the time Merchant admits its inability to pay its debts,
                                         or makes a general assignment for the benefit of creditors, or any proceeding shall be
                                         instituted by or against Merchant seeking to adjudicate it bankrupt or insolvent, or
                                         seeking reorganization, arrangement, adjustment or composition of it or its debts. 

   

     

     

    

   

 Owner Waivers. In the event that
Merchant fails to make a payment or perform any obligation when due under the Agreement, Purchaser may enforce its rights under
this Security Agreement without first seeking to obtain payment from Merchant, any other guarantor, or any Collateral, Additional
Collateral or Cross- Collateral Purchaser may hold pursuant to this Security Agreement or any other guaranty. Purchaser does not
have to notify Owner of any of the following events and Owner will not be released from its obligations under this Security Agreement
if it is not notified of: 

   

		 i. 	 Merchants failure to pay timely any amount
                                         owed under the Merchant Agreement; 

		 ii. 	 any adverse change in Merchants financial
                                         condition or business; 

		 iii. 	 any sale or other disposition of any
                                         collateral securing the Guaranteed Obligations or any other guarantee of the Guaranteed
                                         Obligations; 

		 iv. 	 Purchaser’s acceptance of this
                                         Security Agreement; and 

		 v. 	 any renewal, extension or other modification
                                         of the Agreement or Merchants other obligations to Purchaser. 

   

 Purchaser Actions. Purchaser may
take any of the following actions without releasing Owner from any of its obligations under this Agreement: 

   

		 i. 	 renew, extend or otherwise modify the
                                         Merchant Agreement or Merchants other obligations to Purchaser; 

		 ii. 	 release Merchant from its obligations
                                         to Purchaser; 

		 iii. 	 sell, release, Merchant from its obligations
                                         to Purchaser; 

		 iv. 	 sell, release, impair, waive, or otherwise
                                         fail to realize upon any collateral securing the Guaranteed Obligations or any other
                                         guarantee of the Guaranteed Obligations; and 

		 v. 	 foreclose on any collateral securing
                                         the Guaranteed Obligations or any other guarantee of the Guaranteed Obligations in a
                                         manner that impairs or precludes the right of Owner to obtain reimbursement for payment
                                         under this Agreement. 

   

 No Reimbursement Until the Merchant
Amount plus any accrued but unpaid interest and Merchants other obligations to Purchaser under the Agreement and this Security
Agreement are paid in full, Owner shall not seek reimbursement from Merchant or any other guarantor for any amounts paid by it
under this Agreement. 

   

 Waivers. Owner permanently waives
and shall not seek to exercise any of the following rights that it may have against Merchant, any other guarantor, or any collateral
provided by Merchant or any other guarantor, for any amounts paid by it, or acts performed by it, under this Agreement, including: 

   

		 i. 	 subrogation 

		 ii. 	 reimbursement; 

		 iii. 	 performance; 

		 iv. 	 indemnification; or 

		 v. 	 contribution. 

   

 Other. In the event that Purchaser
must return any amount paid by Merchant or any other guarantor of the Guaranteed Obligations because that person has become subject
to a proceeding under the United States Bankruptcy Code or any similar law, Owners obligations under this Agreement shall include
that amount. 

   

 Owner Acknowledgement. Owner acknowledges
that: (i) He/She understands the seriousness of the provisions of this Agreement; (ii) He/She has had a full opportunity to consult
with legal counsel of his/her choice; and (iii) He/She has consulted with counsel of his/her choice or has decided not to avail
himself/herself of that opportunity. 

   

 Joint and Several Liability. The
obligations hereunder of the persons or entities constituting Owner under this Agreement are joint and several. 

   

     

     

    

   

 THE TERMS, DEFINITIONS, CONDITIONS AND INFORMATION
SET FORTH IN MERCHANT AGREEMENT ARE HEREBY INCORPORATED IN AND MADE A PART OF THIS SECURITY AGREEMENT. CAPITALIZED TERMS NOT DEFINED
IN THIS SECURITY AGREEMENT AND GUARANTY SHALL HAVE THE MEANING SET FORTH IN THE MERCHANT AGREEMENT. 

	   	   	   	   
	 FOR THE MERCHANT (DIGITAL POWER CORPORATION) 	   
	   	   	   	   
	 by: Milton Ault 	   	 /s/ Milton C. Ault, III 	   
	 (Print Name and Title) 	   	 (Signature) 	   
	   	 Driver License #: 	   	   
	 FOR THE MERCHANT 	   	   	   
	 (PHILOU VENTURES, LLC) 	   	   
	   	   	   	   
	 by: Kristine Ault 	   	 /s/ Kristine Ault 	   
	 (Print Name and Title) 	   	 (Signature) 	   
	   	 Driver License #: 	   	   
	 OWNER #1 	   	   	   
	   	   	   	   
	 by: Milton Ault 	   	 /s/ Milton C. Ault, III 	   
	 (Print Name and Title) 	   	 (Signature) 	   
	   	 Driver License #: 	   	   
	 OWNER #2 	   	   	   
	 by: Kristine Ault 	   	 /s/ Kristine Ault 	   
	 (Print Name and Title) 	   	 (Signature) 	   
	   	 Driver License #:Exhibit
10.22 

   

	   	 Agreement
    for the Purchase and Sale of Future Receipts 	   

   

 Seller’s Legal Name: DIGITAL
POWER CORPORATION    D/B/A:  DIGITAL POWER/DPW 

   

 Form of Business
Entity: [x] Corporation; [ ] Limited Liability Company; [ ] Partnership; [ ] Limited
Partnership; [ ] Limited Liability Partnership; [ ] Sole Proprietorship; [ ]Other: _________________________________ 

   

 Street
Address: 48430 Lakeview Blvd.                                        ,
City: Fremont                               ,
State: CA ; Zip: 94538 

   

 Mailing
Address: same as above                                            
    , City:_______________________, State:___________________; Zip: ________ 

   

 Primary
Contact Name: Milton C. Ault, III                                                                                        Title:
___________________ 

   

 Time
in Business: 11/1969                                                             Federal
Tax ID Number:_______________ 

   

 Purchase Price: $ 375,000           
Purchased Amount: $ 562,125.00             Average
Monthly Sales: $ ______________ 

   

 Specified Percentage: 15            
% Origination Fee: $ 11,250.00       (to be deducted from the Purchase Price) 

   

 Initial Daily Amount: $ 4,462.00    
(Average Monthly Sales x Specified Percentage / Average Business Days in a Calendar Month) 

   

	 Account for the Deposit of All Future Receipts: Bank:  	   

   

	 Account No: 	   	   

   

 Effective, January 23      
, 2018, Seller, identified above, hereby sells, assigns and transfers to TVT Capital, LLC, located at 30 Wall Street, Suite
801, New York, NY 10005 (“Buyer”), without recourse, the Specified Percentage of the proceeds of each future sale
made by Seller (collectively “Future Receipts”) until Seller has received the Purchased Amount. “Future Receipts”
includes all payments made by cash, check, ACH or other electronic transfer, credit card, debit card, bank card, charge card (each
such card shall be referred to herein as a “Payment Card”) or other form of monetary payment in the ordinary course
of Seller’s business. As payment for the Purchased Amount, Buyer will deliver to Seller the
Purchase Price, shown above, minus any Origination Fee shown above. Seller acknowledges that it has no right to repurchase the
Purchased Amount from Buyer. 

   

 Both parties agree that the obligation of Buyer
under this Agreement will not be effective unless and until Buyer has completed its review of the Seller and has accepted this
Agreement by delivering the Purchase Price, minus any Origination Fee. Prior to accepting
this Agreement, Buyer may conduct a processing trial to confirm its access to the Account and the ability to withdraw the Initial
Daily Amount. If the processing trial is not completed to the satisfaction of Buyer, Buyer will refund to Seller all funds that
were obtained by Buyer during the processing trial. 

   

 Agreement of Seller:
By signing below Seller agrees to the terms and conditions contained in this Agreement, including those terms and conditions
on the following pages, and further agrees that this transaction is for business purposes and not for personal, family, or household
purposes. 

   

 Seller: DIGITAL POWER CORPORATION          
 

   

 Agreed to by: /s/ Milton C.
Ault, III                  
(Signature), its Chairman & CEO            (Title) 

   

 Agreed to by: _________________________(Signature),
its __________________(Title) 

   

 Buyer: TVT CAPITAL, LLC                              
 

   

 Agreed to by: _________________________(Signature),
Its __________________(Title) 

   

    	Initials:	 	 	1	TVT Capital, LLC
	 	 	 	 	 

     

    

   

 Agreement of Each Owner: Each Owner signing
below agrees to the terms of the Credit Report Authorization below. 

   

 Milton
C. Ault, III                                                     (Print
Name); /s/ Milton C. Ault, III                        (Signature); 

   

                                                                            ____(Print
Name);___________________________(Signature); 

   

	 1. 	 Delivery of Purchased Amount:
                                         Seller must deposit all Future Receipts into the single business banking account
                                         specified above, which may not be used for any personal, family or household purposes
                                         (the “Account”) and must instruct Seller’s credit card processor, which
                                         must be approved by Buyer (the “Processor”) to deposit all Payment Card receipts
                                         of Seller into the Account. Seller agrees not to change the Account or add an additional
                                         Account without the express written consent of Buyer. Seller authorizes Buyer to debit
                                         the Daily Amount from the Account each business day by either ACH or electronic check.
                                         Seller will provide Buyer with all required access codes and agrees not to change them
                                         without prior written consent from Buyer. Seller will provide an appropriate ACH authorization
                                         to Buyer. Seller understands that it is responsible for either ensuring that the Daily
                                         Amount is available in the Account each business day or advising Buyer prior to each
                                         daily withdrawal of a shortage of funds. Otherwise, Seller will be responsible for any
                                         fees incurred by Buyer resulting from a rejected electronic check or ACH debit attempt,
                                         as set forth on Appendix A. Buyer is not responsible for any overdrafts or rejected transactions
                                         that may result from Buyer’s debiting any amount authorized under the terms of
                                         this Agreement. Seller understands that the foregoing ACH authorization is a fundamental
                                         condition to induce Buyer to accept the Agreement. Consequently, such authorization is
                                         intended to be irrevocable. 

   

	 2. 	 Seller May Request Changes
                                         to the Daily Amount: The initial Daily Amount is intended to represent the Specified
                                         Percentage of Seller’s daily Future Receipts. For as long as no Event of Default
                                         has occurred, once each calendar month, Seller may request that Buyer adjust the Daily
                                         Amount to more closely reflect the Seller’s actual Future Receipts times the Specified
                                         Percentage. Seller agrees to provide Buyer any information requested by Buyer to assist
                                         in this reconciliation. No more often than once a month, Buyer may adjust the Daily Amount
                                         on a going-forward basis to more closely reflect the Seller’s actual Future Receipts
                                         times the Specified Percentage. Buyer will give Seller notice five business days prior
                                         to any such adjustment. After each adjustment made pursuant to this paragraph, the new
                                         dollar amount shall be deemed the Daily Amount until any subsequent adjustment. 

   

	 3. 	 Daily Amount Upon Default.
                                         Upon the occurrence of an Event of Default, the Daily Amount shall equal 100% of
                                         all Future Receipts. 

   

	 4. 	 Sale of Future Receipts (THIS
                                         IS NOT A LOAN): Seller is selling a portion of a future revenue stream to Buyer at
                                         a discount, not borrowing money from Buyer. There is no interest rate or payment schedule
                                         and no time period during which the Purchased Amount must be collected by Buyer. If Future
                                         Receipts are remitted more slowly than Buyer may have anticipated or projected because
                                         Seller’s business has slowed down, or if the full Purchased Amount is never remitted
                                         because Seller’s business went bankrupt or otherwise ceased operations in the ordinary
                                         course of business, and Seller has not breached this Agreement, Seller would not owe
                                         anything to Buyer and would not be in breach of or default under this Agreement. Buyer
                                         is buying the Purchased Amount of Future Receipts knowing the risks that Seller’s
                                         business may slow down or fail, and Buyer assumes these risks based on Seller’s
                                         representations, warranties and covenants in this Agreement that are designed to give
                                         Buyer a reasonable and fair opportunity to receive the benefit of its bargain. By this
                                         Agreement, Seller transfers to Buyer full and complete ownership of the Purchased Amount
                                         of Future Receipts and Seller retains no legal or equitable interest therein. Seller
                                         agrees that it will treat Purchase Price and Purchased Amount in a manner consistent
                                         with a sale in its accounting records and tax returns. Seller agrees that Buyer is entitled
                                         to audit Seller’s accounting records upon reasonable Notice in order to verify
                                         compliance. Seller waives any rights of privacy, confidentiality or taxpayer privilege
                                         in any such litigation or arbitration in which Seller asserts that this transaction is
                                         anything other than a sale of future receipts. 

   

	 5. 	 Power of Attorney. Seller
                                         irrevocably appoints Buyer as its agent and attorney-in-fact with full authority to take
                                         any action or execute any instrument or document to settle all obligations due to Buyer
                                         from Seller, or in the case of a violation by Seller of this Agreement or the occurrence
                                         of an Event of Default under Section 15 hereof by Seller, including without limitation
                                         (i) to obtain and adjust insurance; (ii) to collect monies due or to become due under
                                         or in respect of any of the Future Receipts; (iii) to receive, endorse and collect any
                                         checks, notes, drafts, instruments, documents or chattel paper in connection with clause
                                         (i) or clause (ii) above; (iv) to sign Seller’s name on any invoice, bill of lading,
                                         or assignment directing customers or account debtors to direct payables to Buyer; (v)
                                         to file any claims or take any action or institute any proceeding which Buyer may deem
                                         necessary for the collection of any of the remaining Purchased Amount of the Future Receipts,
                                         or otherwise to enforce its rights with respect to delivery of the Purchased Amount;
                                         and/or (vi) to contact any Processor of Seller and to direct such Processor(s) to deliver
                                         directly to Buyer all or any portion of the amounts received by such Processor(s) and
                                         to provide any information regarding Seller requested by Buyer. Each Processor may rely
                                         on the previous sentence as written authorization of Seller to provide any information
                                         requested by Buyer. Each Processor is hereby irrevocably authorized and directed by Seller
                                         to follow any instruction of Buyer without inquiry as to Buyer’s right or authority
                                         to give such instructions. Seller acknowledges the terms of the preceding sentence and
                                         agrees not to (a) interfere with Buyer’s instructions or a Processor’s compliance
                                         with this Agreement or (b) request any modification thereto without Buyer’s prior
                                         written consent. 

   

    	Initials:	 	 	2	TVT Capital, LLC
	 	 	 	 	 

     

    

   

	 6. 	 Fees
                                         and Charges: Other than the Origination Fee, if any, set forth above, Buyer is NOT
                                         CHARGING ANY ORIGINATION OR BROKER FEES to Seller. If Seller is charged another such
                                         fee, it is not being charged by Buyer. A list of all fees and charges applicable under
                                         this Agreement is contained in Appendix A. 

   

	 7. 	 Credit
                                         Report and Other Authorizations: Seller and each of the Owners signing above authorize
                                         Buyer, its agents and representatives and any credit reporting agency engaged by Buyer,
                                         to (i) investigate any references given or any other statements or data obtained from
                                         or about Seller or any of its Owners for the purpose of this Agreement, (ii) obtain consumer
                                         and business credit reports on the Seller and any of its Owners, and (iii) to contact
                                         personal and business references provided by the Seller in the Application, at any time
                                         now or for so long as Seller and/or Owners continue to have any obligation owed to Buyer
                                         as a consequence of this Agreement or for Buyer’s ability to determine Seller’s
                                         eligibility to enter into any future agreement with Buyer. 

   

	 8. 	 Authorization
                                         to Contact Current and Prior Banks: Seller hereby authorizes Buyer to contact any
                                         current or prior bank of the Seller in order to obtain whatever information it may require
                                         regarding Seller’s transactions with any such bank. Such information may include
                                         but is not limited to, information necessary to verify the amount of Future Receipts
                                         previously processed on behalf of Seller and any fees that may have been charged by the
                                         bank. In addition, Seller authorizes Buyer to contact any current or prior bank of the
                                         Seller for collections and in order to confirm that Seller is exclusively using the Account
                                         identified above, or any other account approved by Buyer, for the deposit of all business
                                         receipts. 

   

	 9. 	 Financial
                                         Information. Seller authorizes Buyer and its agents to investigate its financial
                                         responsibility and history, and will provide to Buyer any authorizations, bank or financial
                                         statements, tax returns, etc., as Buyer deems necessary in its sole discretion prior
                                         to or at any time after execution of this Agreement. A photocopy of this authorization
                                         will be deemed acceptable as an authorization for release of financial and credit information.
                                         Buyer is authorized to update such information and financial and credit profiles from
                                         time to time as it deems appropriate. Seller waives, to the maximum extent permitted
                                         by law, any claim for damages against Buyer or any of its affiliates relating to any
                                         investigation undertaken by or on behalf of Buyer as permitted by this Agreement or disclosure
                                         of information as permitted by this Agreement. 

   

	 10. 	 Transactional History.
                                         Seller authorizes all of its banks and brokers and Payment Card processors to provide
                                         Buyer with Seller’s banking, brokerage and/or processing history to determine qualification
                                         or continuation in this program, or for collections upon an Event of Default. 

   

	 11. 	 Publicity. Seller hereby
                                         authorizes Buyer to use its name in listings of clients and in advertising and marketing
                                         materials. 

   

	 12. 	 Application of Amounts Received
                                         by Buyer. Buyer reserves the right to apply amounts received by it under this Agreement
                                         to any fees or other charges due to Buyer from Seller prior to applying such amounts
                                         to reduce the amount of any outstanding Purchased Amount. 

   

	 13. 	 Representations, Warranties and Covenants
                                         of Seller: 

   

 13.1.       
Good Faith, Best Efforts and Due Diligence. Seller will conduct its business in good faith and will use its best efforts
to continue its business at least at its current level, to ensure that Buyer obtains the Purchased Amount. 

   

 13.2.  
Stacking Prohibited. Seller shall not enter into any Seller cash advance or any loan agreement that relates to or involves
its Future Receipts with any party other than Buyer for the duration of this Agreement. Buyer may share information regarding
this Agreement with any third party in order to determine whether Seller is in compliance with this provision. 

    

    	Initials:	 	 	3	TVT Capital, LLC
	 	 	 	 	 

     

    

   

 13.3.       
Financial Condition and Financial Information. Any bank statements and financial statements of Seller that have been
furnished to Buyer, and future statements that will be furnished to Buyer, fairly represent the financial condition of Seller
at such dates, and Seller will notify Buyer immediately if there are material adverse changes, financial or otherwise, in the
condition or operation of Seller or any change in the ownership of Seller. Buyer may request statements at any time during the
performance of this Agreement and the Seller shall provide them to Buyer within five business days. Furthermore, Seller represents
that all documents, forms and recorded interviews provided to or with Buyer are true, accurate and complete in all respects, and
accurately reflect Seller’s financial condition and results of operations. Seller further agrees to authorize the release
of any past or future tax returns to Seller. 

   

 13.4.       
Governmental Approvals. Seller is in compliance and shall comply with all laws and has valid permits, authorizations
and licenses to own, operate and lease its properties and to conduct the business in which it is presently engaged and/or will
engage in hereafter. 

   

 13.5.       
Authority to Enter Into This Agreement. Seller and the person(s) signing this Agreement on behalf of Seller, have full
power and authority to incur and perform the obligations under this Agreement, all of which have been duly authorized. 

   

 13.6.       
Change of Name or Location or Sale or Closing of Business. Seller will not conduct Seller’s businesses under
any name other than as disclosed to Buyer or change any of its places of business without prior written consent of Buyer. Seller
will not sell, dispose, transfer or otherwise convey all or substantially all of its business or assets without (i) the express
prior written consent of Buyer, and (ii) the written agreement of any purchaser or transferee assuming all of Seller’s obligations
under this Agreement pursuant to documentation satisfactory to Buyer. Except as disclosed to Buyer in writing, Seller has no current
plans to close its business either temporarily, whether for renovations, repairs or any other purpose, or permanently. Seller
agrees that until Buyer has received all of the Purchased Amount Seller will not voluntarily close its business on a temporarily
basis for renovations, repairs, or any other purposes. This provision, however, does not prohibit Seller from closing its business
temporarily if such closing is required to conduct renovations or repairs that are required by local ordinance or other legal
order, such as from a health or fire inspector, or if otherwise forced to do so by circumstances outside of the control of Seller.
Prior to any such closure, Seller will provide Buyer ten business days notice to the extent practicable. 

   

 13.7.       
No Pending or Contemplated Bankruptcy. As of the date Seller executes this Agreement, Seller is not insolvent and does
not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has
been no involuntary petition brought or pending against Seller. Seller represents that it has not consulted with a bankruptcy
attorney within six months prior to the date of this Agreement. Seller further warrants that it does not anticipate filing a bankruptcy
petition and it does not anticipate that an involuntary petition will be filed against it. 

   

 13.8.       
Seller to Maintain Insurance. Seller will possess and maintain insurance in such amounts and against such risks as
are necessary to protect its business and will provide proof of such insurance to Buyer upon demand. 

   

 13.9.       
Seller to Pay Taxes Promptly. Seller will promptly pay all necessary taxes, including but not limited to employment
and sales and use taxes. 

   

 13.10.    
No Violation of Prior Agreements. Seller’s execution and performance of this Agreement will not conflict with
any other agreement, obligation, promise, court order, administrative order or decree, law or regulation to which Seller is subject,
including any agreement the prohibits the sale or pledge of Seller’s future receipts. 

   

 13.11.    
No Diversion of Receipts. Seller will not permit any event to occur that could cause a diversion of any of Seller’s
Future Receipts from the Account to any other entity. 

   

 13.12.    
Seller’s Knowledge and Representation. Seller represents warrants and agrees that it is a sophisticated business
entity familiar with the kind of transaction covered by the Agreement; it was represented by counsel or had full opportunity to
consult with counsel. 

   

    	Initials:	 	 	4	TVT Capital, LLC
	 	 	 	 	 

     

    

   

		 14. 	 Rights of Buyer: 

   

 14.1. 
Financing Statements Financing Statements and Security Interest. Seller grants Buyer a security interest in all of
Seller’s present and future accounts, chattel paper, deposit accounts, personal property, assets and fixtures, general intangibles,
instruments, equipment, inventory wherever located, and proceeds now or hereafter owned or acquired by Seller. Seller authorizes
Buyer to file one or more UCC-1 forms consistent with the Uniform Commercial Code (“UCC”) in order to give notice
of this security interest and that the Purchased Amount of Future Receipts is the sole property of Buyer. The UCC filing may state
that such sale is intended to be a sale and not an assignment for security and may state that the Seller is prohibited from obtaining
any financing that impairs the value of the Future Receipts or Buyer’s right to collect same. Seller authorizes Buyer to
debit the Account for all costs incurred by Buyer associated with the filing, amendment or termination of any UCC filings. 

   

 14.2.  
Right of Access. In order to ensure that Seller is complying with the terms of this Agreement, Buyer shall have the
right to (i) enter, without notice, the premises of Seller’s business for the purpose of inspecting and checking Seller’s
transaction processing terminals to ensure the terminals are properly programmed to submit and or batch Seller’s daily receipts
to the Processor and to ensure that Seller has not violated any other provision of this Agreement, and (ii) Seller shall provide
access to its employees and records and all other items as requested by Buyer, and (iii) have Seller provide information about
its business operations, banking relationships, vendors, landlord and other information to allow Buyer to interview any relevant
parties. 

   

 14.3.  
Phone Recordings and Contact. Seller agrees that any call between Buyer and Seller, and their agents and employees
may be recorded or monitored. Further, Seller agrees that (i) it has an established business relationship with Buyer, its employees
and agents and that Seller may be contacted from time-to-time regarding this or other business transactions; (ii) that such communications
and contacts are not unsolicited or inconvenient; and (iii) that any such contact may be made at any phone number, emails address,
or facsimile number given to Buyer by the Seller, its agents or employees, including cellular telephones. 

   

		 15. 	 Events of Default. The occurrence
                                         of any of the following events shall constitute an “Event of Default”: (a)
                                         Seller interferes with Buyer’s right to collect the Daily Amount; (b) Seller violates
                                         any term or covenant in this Agreement; (c) Seller uses multiple depository accounts
                                         without the prior written consent of Buyer; (d) Seller changes its depositing account
                                         or its payment card processor without the prior written consent of Buyer; (e) Seller
                                         defaults under any of the terms, covenants and conditions of any other agreement with
                                         Buyer (f) Seller fails to provide timely notice to Buyer such that in any given calendar
                                         month there are four or more ACH transactions attempted by Buyer are rejected by Seller’s
                                         bank. 

   

		 16. 	 Remedies. If any Event of
                                         Default occurs, Buyer may proceed to protect and enforce its rights including, but not
                                         limited to, the following: 

   

 16.1.    The
Specified Percentage shall equal 100%. The full uncollected Purchased Amount plus all fees and charges (including legal fees)
due under this Agreement will become due and payable in full immediately. 

   

 16.2.    Buyer
may enforce the provisions of the Personal Guaranty of Performance against each Owner. 

   

 16.3.  
Buyer may proceed to protect and enforce its rights and remedies by arbitration or lawsuit. In any such arbitration
or lawsuit, under which Buyer shall recover Judgment against Seller, Seller shall be liable for all of Buyer’s costs of
the lawsuit, including but not limited to all reasonable attorneys’ fees and court costs. However, the rights of Buyer under
this provision shall be limited as provided in the arbitration provision set forth below. 

   

 16.4.  
This Agreement shall be deemed Seller’s Assignment of Seller’s Lease of Seller’s business premises
to Buyer. Upon an Event of Default, Buyer may exercise its rights under this Assignment of Lease without prior notice to Seller. 

   

 16.5.  
Buyer may debit Seller’s depository accounts wherever situated by means of ACH debit or facsimile signature on
a computer-generated check drawn on Seller’s bank account or otherwise for all sums due to Buyer. 

   

    	Initials:	 	 	5	TVT Capital, LLC
	 	 	 	 	 

     

    

   

 16.6.  
Seller shall pay to Buyer all reasonable costs associated with the Event of Default and the enforcement of Buyer’s
remedies, including but not limited to court costs and attorneys’ fees. 

   

 16.7.
Buyer may exercise and enforce its rights as a secured party under the UCC. 

   

 16.8.  
All rights, powers and remedies of Buyer in connection with this Agreement may be exercised at any time by Buyer after
the occurrence of an Event of Default, are cumulative and not exclusive, and shall be in addition to any other rights, powers
or remedies provided by law or equity. 

   

		 17. 	 Modifications; Agreements.
                                         No modification, amendment, waiver or consent of any provision of this Agreement shall
                                         be effective unless the same shall be in writing and signed by Buyer. 

   

		 18. 	 Assignment. Buyer may assign,
                                         transfer or sell its rights to receive the Purchased Amount or delegate its duties hereunder,
                                         either in whole or in part, with or without prior written notice to Seller. 

   

		 19. 	 Notices. 

   

 19.1. 
Notices from Buyer to Seller. Buyer may send any notices, disclosures, terms and conditions, other documents, and any
future changes to Seller by regular mail or by e-mail, at Buyer’s option and Seller consents to such electronic delivery.
Notices sent by e-mail are effective when sent. Notices sent by regular mail become effective upon mailing to Seller’s address
set forth in this Agreement. 

   

 19.2.  
Notices from Seller to Buyer. Seller may send any notices to Buyer by e-mail only upon the prior written consent of
Buyer, which consent may be withheld or revoked at any time in Buyer’s sole discretion. Otherwise, any notices or other
communications from Seller to Buyer must be delivered by certified mail, return receipt requested, to Buyer’s address set
forth in this Agreement. Notices sent to Buyer shall become effective only upon receipt by Buyer. 

   

		 20. 	 Binding Effect; Governing Law,
                                         Venue and Jurisdiction. This Agreement shall be binding upon and inure to the benefit
                                         of Seller, Buyer and their respective successors and assigns, except that Seller shall
                                         not have the right to assign its rights hereunder or any interest herein without the
                                         prior written consent of Buyer which consent may be withheld in Buyer’s sole discretion.
                                         This Agreement shall be governed by and construed in accordance with the laws of the
                                         state of New York, without regards to any applicable principals of conflicts of law.
                                         Any suit, action or proceeding arising hereunder, or the interpretation, performance
                                         or breach of this Agreement, shall, if Buyer so elects, be instituted in any court sitting
                                         in New York, (the “Acceptable Forums”). Seller agrees that the Acceptable
                                         Forums are convenient to it, and submits to the jurisdiction of the Acceptable Forums
                                         and waives any and all objections to jurisdiction or venue. Should such proceeding be
                                         initiated in any other forum, Seller waives any right to oppose any motion or application
                                         made by Buyer to transfer such proceeding to an Acceptable Forum. 

   

		 21. 	 Survival of Representation, etc.
                                         All representations, warranties and covenants herein shall survive the execution and
                                         delivery of this Agreement and shall continue in full force until all obligations under
                                         this Agreement shall have been satisfied in full. 

   

		 22. 	 Interpretation. All Parties
                                         hereto have reviewed this Agreement with an attorney of their own choosing and have relied
                                         only on their own attorney’s guidance and advice. No construction determinations
                                         shall be made against either Party hereto as drafter. 

   

		 23. 	 Entire Agreement and Severability.
                                         This Agreement embodies the entire agreement between Seller and Buyer and supersedes
                                         all prior agreements and understandings relating to the subject matter hereof. In case
                                         any of the provisions in this Agreement is found to be invalid, illegal or unenforceable
                                         in any respect, the validity, legality and enforceability of any other provision contained
                                         herein shall not in any way be affected or impaired. 

   

		 24. 	 Facsimile Acceptance. Facsimile
                                         signatures hereon, or other electronic means reflecting the party’s signature hereto,
                                         shall be deemed acceptable for all purposes. 

   

		 25. 	 Confidentiality: The terms
                                         and conditions of this Agreement are proprietary and confidential unless required by
                                         law. Seller shall not disclose this information to anyone other than its attorney, accountant
                                         or similar service provider and then only to the extent such person uses the information
                                         solely for purpose of advising Seller and first agrees in writing to be bound by the
                                         terms of this Section. A breach entitles Buyer to damages and legal fees as well as temporary
                                         restraining order and preliminary injunction without bond. 

   

    	Initials:	 	 	6	TVT Capital, LLC
	 	 	 	 	 

     

    

   

		 26. 	 Monitoring, Recording, and Solicitations. 

   

 26.1.  
Authorization to Contact Seller by Phone. Seller authorizes Buyer, its affiliates, agents and independent contractors
to contact Seller at any telephone number Seller provides to Buyer or from which Seller places a call to Buyer, or any telephone
number where Buyer believes it may reach Seller, using any means of communication, including but not limited to calls or text
messages to mobile, cellular, wireless or similar devices or calls or text messages using an automated telephone dialing system
and/or artificial voices or prerecorded messages, even if Seller incurs charges for receiving such communications. 

   

 26.2.  
Authorization to Contact Seller by Other Means. Seller also agree that Buyer, its affiliates, agents and independent
contractors, may use any other medium not prohibited by law including, but not limited to, mail, e-mail and facsimile, to contact
Seller. Seller expressly consents to conduct business by electronic means. 

   

		 27. 	 JURY WAIVER. THE PARTIES
                                         WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON
                                         ANY MATTER ARISING IN CONNECTION WITH OR IN ANY WAY RELATED TO THE TRANSACTIONS OF WHICH
                                         THIS AGREEMENT IS A PART OR ITS ENFORCEMENT, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY
                                         LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. THE PARTIES ACKNOWLEDGE
                                         THAT EACH MAKES THIS WAIVER KNOWINGLY, WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS,
                                         AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH THEIR
                                         ATTORNEYS. 

   

		 28. 	 CLASS ACTION WAIVER. THE
                                         PARTIES WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST THE OTHER PARTY AS A REPRESENTATIVE
                                         OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED
                                         BY LAW OR DEEMED BY A COURT OF LAW TO BE AGAINST PUBLIC POLICY. TO THE EXTENT EITHER
                                         PARTY IS PERMITTED BY LAW OR COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION
                                         AGAINST THE OTHER, THE PARTIES AGREE THAT: 

 (I) THE PREVAILING PARTY SHALL
NOT BE ENTITLED TO RECOVER ATTORNEYS’ FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOT WITHSTANDING
ANY OTHER PROVISION IN THIS AGREEMENT); AND (II) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT
A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION. 

   

		 29. 	 ARBITRATION. IF BUYER,
                                         SELLER OR ANY GUARANTOR REQUESTS, THE OTHER PARTIES AGREE TO ARBITRATE ALL DISPUTES AND
                                         CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT. IF BUYER, SELLER OR ANY GUARANTOR
                                         SEEKS TO HAVE A DISPUTE SETTLED BY ARBITRATION, THAT PARTY MUST FIRST SEND TO ALL OTHER
                                         PARTIES, BY CERTIFIED MAIL, A WRITTEN NOTICE OF INTENT TO ARBITRATE. IF BUYER, SELLER
                                         OR ANY GUARANTOR DO NOT REACH AN AGREEMENT TO RESOLVE THE CLAIM WITHIN 30 DAYS AFTER
                                         THE NOTICE IS RECEIVED, BUYER, SELLER OR ANY GUARANTOR MAY COMMENCE AN ARBITRATION PROCEEDING
                                         WITH THE AMERICAN ARBITRATION ASSOCIATION (“AAA”) OR NATIONAL ARBITRATION
                                         FORUM (“NAF”). BUYER WILL PROMPTLY REIMBURSE SELLER OR THE GUARANTOR ANY
                                         ARBITRATION FILING FEE, HOWEVER, IN THE EVENT THAT BOTH SELLER AND THE GUARANTOR MUST
                                         PAY FILING FEES, BUYER WILL ONLY REIMBURSE SELLER’S ARBITRATION FILING FEE AND,
                                         EXCEPT AS PROVIDED IN THE NEXT SENTENCE, BUYER WILL PAY ALL ADMINISTRATION AND ARBITRATOR
                                         FEES. IF THE ARBITRATOR FINDS THAT EITHER THE SUBSTANCE OF THE CLAIM RAISED BY SELLER
                                         OR THE GUARANTOR OR THE RELIEF SOUGHT BY SELLER OR THE GUARANTOR IS IMPROPER OR NOT WARRANTED,
                                         AS MEASURED BY THE STANDARDS SET FORTH IN FEDERAL RULE OF PROCEDURE 11(B), THEN BUYER
                                         WILL PAY THESE FEES ONLY IF REQUIRED BY THE AAA OR NAF RULES. SELLER AND THE GUARANTOR
                                         AGREE THAT, BY ENTERING INTO THIS AGREEMENT, THEY ARE WAIVING THE RIGHT TO TRIAL BY JURY.
                                         BUYER, SELLER OR ANY GUARANTOR MAY BRING CLAIMS AGAINST ANY OTHER PARTY ONLY IN THEIR
                                         INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR
                                         REPRESENTATIVE PROCEEDING. FURTHER, BUYER, SELLER AND ANY GUARANTOR AGREE THAT THE ARBITRATOR
                                         MAY NOT CONSOLIDATE PROCEEDINGS FOR MORE THAN ONE PERSON’S CLAIMS, AND MAY NOT
                                         OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING, AND THAT IF
                                         THIS SPECIFIC PROVISION IS FOUND UNENFORCEABLE, THEN THE ENTIRETY OF THIS ARBITRATION
                                         CLAUSE SHALL BE NULL AND VOID. 

   

    	Initials:	 	 	7	TVT Capital, LLC
	 	 	 	 	 

     

    
   

		 30. 	 RIGHT TO OPT OUT OF
                                         ARBITRATION. SELLER AND GUARANTOR(S) MAY OPT OUT OF THIS CLAUSE. TO OPT OUT OF THIS
                                         ARBITRATION CLAUSE, SELLER AND EACH GUARANTOR MUST SEND BUYER A NOTICE THAT THE SELLER
                                         AND EACH GUARANTOR DOES NOT WANT THIS CLAUSE TO APPLY TO THIS AGREEMENT. FOR ANY OPT
                                         OUT TO BE EFFECTIVE, SELLER AND EACH GUARANTOR MUST SEND AN OPT OUT NOTICE TO THE FOLLOWING
                                         ADDRESS BY REGISTERED MAIL, WITHIN 14 DAYS AFTER THE DATE OF THIS AGREEMENT: BUYER –
                                         ARBITRATION OPT OUT, TVT CAPITAL, LLC, 30 WALL STREET, SUITE 801, NEW YORK, NY 10005,
                                         ATTENTION: LEGAL DEPARTMENT. 

   

		 31. 	 SERVICE OF
                                         PROCESS. IN ADDITION TO THE METHODS OF SERVICE ALLOWED BY THE NEW YORK STATE CIVIL
                                         PRACTICE LAW & RULES (“CPLR”), SELLER HEREBY CONSENTS TO SERVICE OF PROCESS
                                         UPON IT BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, SERVICE HEREUNDER
                                         SHALL BE COMPLETE UPON SELLER’S ACTUAL RECEIPT OF PROCESS OR UPON BUYER’S
                                         RECEIPT OF THE RETURN THEREOF BY THE UNITED STATES POSTAL SERVICE AS REFUSED OR UNDELIVERABLE.
                                         SELLER MUST PROMPTLY NOTIFY BUYER, IN WRITING, OF EACH AND EVERY CHANGE OF ADDRESS TO
                                         WHICH SERVICE OF PROCESS CAN BE MADE. SERVICE BY BUYER TO THE LAST KNOWN ADDRESS SHALL
                                         BE SUFFICIENT. SELLER WILL HAVE (30) CALENDAR DAYS AFTER SERVICE HEREUNDER IS COMPLETE
                                         IN WHICH TO RESPOND. FURTHERMORE, SELLER EXPRESSLY CONSENTS THAT ANY AND ALL NOTICE(S),
                                         DEMAND(S), REQUEST(S) OR OTHER COMMUNICATION(S) UNDER AND PURSUANT TO THIS AGREEMENT
                                         FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES SHALL BE DELIVERED IN ACCORDANCE WITH
                                         THE PROVISIONS OF THIS AGREEMENT FOR THE PURCHASE AND SALE OF FUTURE RECEIVABLES. 

   

    	Initials:	 	 	8	TVT Capital, LLC
	 	 	 	 	 

     

    

   

 AUTHORIZED SERVICING
AGENT – REDBIRD PLATFORM, LLC 

   

 REDBIRD PLATFORM, LLC is the independent authorized
Servicing Agent of TVT CAPITAL, LLC for this Agreement providing administrative, bookkeeping, reporting, and support services
for TVT CAPITAL, LLC and the Merchant. REDBIRD PLATFORM, LLC is not affiliated with, or owned by, TVT CAPITAL, LLC and is acting
as independent agent for services including but not limited to background checks, credit checks, general underwriting review,
filing UCC-1 security interests cash management, account reporting, remittance and receipts collection. REDBIRD PLATFORM, LLC
may, at its sole discretion, participate in this facility by providing a portion of the funds for this transaction directly to
TVT CAPITAL, LLC REDBIRD PLATFORM, LLC is not a credit card processor, or in the business of processing credit cards. Merchant
and Owner/Guarantor hereby acknowledge that in no event shall REDBIRD PLATFORM, LLC be liable for any claims made against TVT
CAPITAL, LLC or the Processor under any legal theory for lost profits, lost revenues, lost business opportunity, exemplary, punitive,
special, incidental, indirect or consequential damages, each of which is waived by the Merchant and Owner/Guarantor. As such,
Merchant hereby authorizes REDBIRD PLATFORM, LLC as the appointed Merchant Agreement servicing agent for TVT CAPITAL, LLC to initiate
ACH Debits (Withdrawals) from Merchant’s bank account for the payment of the Purchased Amount as it becomes due and payable
under the terms of the Merchant Agreement. Furthermore, Merchant represents and warrants that it is the owner of the Account or
has the full authority to grant this authorization. If there are any questions in regard to an electronic debit (withdrawal) from
the Account, you may contact REDBIRD PLATFORM, LLC, 1 (212) 804-5757. 

   

	 MERCHANT #1 	   	   	   	   	   
	 By: 	 MILTON C. AULT, III 	   	 /s/ Milton C. Ault, III  	   	   
	   	 (Print Name and Title) 	   	 (Signature) 	   	   
	   	   	   	   	 Driver’s License Number: 	   	   

	 SS# 	   	   	   	   	   	   

   

	 MERCHANT #2 	   	   	   	   	   
	 By: 		   		   	   
	   	 (Print Name and Title) 	   	 (Signature) 	   	   
	   	   	   	   	 Driver’s License Number: 	   	   

	 SS# 	   	   	   	   	   	   

   

	 OWNER/GUARANTOR #1 	   	   	   	   	   
	 By: 	 MILTON C. AULT, III 	   	 /s/ Milton C. Ault, III  	   	   
	   	 (Print Name) 	   	 (Signature) 	   	   
	   	   	   	   	 Driver’s License Number: 	   	   

	 SS# 	   	   	   	   	   	   

   

	 OWNER/GUARANTOR #2 	   	   	   	   	   
	 By: 		   		   	   
	   	 (Print Name) 	   	 (Signature) 	   	   
	   	   	   	   	 Driver’s License Number: 	   	   

	 SS# 	   	   	   	   	   	   

   

    	Initials:	 	 	9	TVT Capital, LLC
	 	 	 	 	 

     

    

   

   

   

 APPENDIX A: THE
FEE STRUCTURE 

   

 UNDERWRITING
& ACH PROGRAM FEE 

 $5,000.00 &
UNDER = $395.00 

 $5,001.00 - $10,000.00
= $695.00 

 $10,001.00 - $50,000.00
= $995.00 

 $50,001.00 - $75,000.00
= $1,295.00 

 $75,001.00 - $150,000.00
= $1,695.00 

 $150,001.00 &
UP = $2,295.00 

   

 B. NSF FEE
(STANDARD) - $35.00 EACH 

 UP TO FOUR TIMES
ONLY BEFORE A DEFAULT IS DECLARED 

   

 C.
     REJECTED ACH - $100 

 WHEN THE MERCHANT
DIRECTS THE BANK TO REJECT OUR ACH. 

   

 D. BANKCHANGEFEE
- $50.00 

 WHEN THE MERCHANT
REQUIRES CHANGE OF ACCOUNT TO BE DEBITED  

 REQUIRING TVT CAPITAL,
LLC TO RECONFIGURE ACH COLLECTIONS. 

   

 E. BLOCKEDACCOUNT
- $2,500.00 

 WHENTHE MERCHANT BLOCKS
ACCOUNT FROM OUR DEBIT ACH WHICH PLACES THEMINDEFAULT(PERCONTRACT) 

   

 F. DEFAULT
FEE - $2,500.00 

 WHENTHE MERCHANT CHANGES
BANK ACCOUNTS CUTTING US OFF FROM COLLECTIONS 

   

 G.  
ACH FEE - $15.00  

   

 H.       
WIRE TRANSFER FEE - $35.00 

   

 I. UCC RELEASE
- $150.00 

   

 J. FUNDING
ORIGINATION FEE $ 11,250.00 

   

 MISCELLANEOUS SERVICE
FEES. MERCHANT SHALL PAY CERTAIN FEES FOR SERVICES RELATED TO THE ORIGINATION AND MAINTENANCE OF ACCOUNTS WHICH MAY INCLUDE
BUT NOT BE LIMITED TO: MERCHANTS FUNDING IS DONE ELECTRONICALLY TO THEIR DESIGNATED BANK ACCOUNT AND CHARGED A FEE OF $35.00 FOR
A FED WIRE OR $15.00 FOR AN ACH. THE FEE FOR UNDERWRITING AND ORIGINATION IS PAID FROM THE FUNDED AMOUNT IN ACCORDANCE WITH THE
SCHEDULE ON THIS PAGE. IF MERCHANT IS UTILIZINGA BRIDGE/ CONTROLACCOUNT, THERE IS AN UPFRONTFEE OF $395.00 FOR THE BANK FEES AND
ADMININSTRATIVE COSTS OF MAINTAINING SUCH ACCOUNT FOR EACH CASH ADVANCE AGREEMENT WITH MERCHANT. FUND TRANSFERS FROM BRIDGE /
CONTROL ACCOUNTS TO MERCHANT’SOPERATINGBANKACCOUNT WILL BE CHARGED$10.95 PERMONTHVIAACH.THIS FEE WILL CONTINUE IF THE BRIDGE
ACCOUNT REMAINS OPEN AFTER THE RTR PAID. MERCHANT WILL BE CHARGED $50.00 FOR EACH CHANGE OF ITS OPERATING BANK ACCOUNT ONCE ACTIVE
WITH TVT. ANY ADMININSTRATIVE ADJUSTMENTS ASSOCIATED WITH CHANGES TO THE SPECIFIED PERCENTAGE WILL INCUR A FEE OF $75.00 PER OCCURRENCE. 

   

 (ALL FEES ARE SUBJECT TO
CHANGE) 

   

    	Initials:	 	 	10	TVT Capital, LLC
	 	 	 	 	 

     

    

   

   

 TVT
Capital LLC 

   

 Contract
Addendum 

   

 Total
Maximum-Approval Purchase Price: $375,000.00 Purchased Percentage: 15% Total Approved Purchase Amount: $562,125.00 

   

 This Contract Addendum (this
“Addendum”) dated as of January 23rd, 2018 amends that certain agreement (the “Agreement,” #) made by
and among TVT Capital LLC “TVT” (the “Purchaser”) and Milton Ault and Philou Ventures LLC (the “Owners”)
and Digital Power Corporation (the “Seller” which publicly traded under the ticker DPW”) dated January 23rd,
2018. The Owners and the Seller are referred to collectively as the Merchant (the “Merchant”). In connection with
the Agreement and this Addendum, the Purchaser agrees to purchase up to a certain maximum amount of future receivables equal to
$562,125.00 (the “Purchased Amount”) at a purchase price of $375,000.00 (the “Purchase Price”). This Addendum
shall modify the Agreement pursuant to the terms of this Addendum. All other provisions of the Agreement shall remain in full
force and effect. For good and valuable mutual consideration, the receipt of which is hereby acknowledged, the parties hereby
agree as follows: 

   

		 ● 	 The Merchant represents
                                         and warrants that DPW will remit full payment to TVT 9 weeks from deposit of TVT funds
                                         in DPW account less $2,145.00 daily payments during the 9 week period of time. 

		 ● 	 Per this Agreement if
                                         merchant remits full payment amount to the Purchaser within 3 business days following
                                         the Deadline, the Purchased Amount shall be discounted to a total amount equal to $334,725.00. 

		 ● 	 To the extent that the
                                         Merchant does not remit the Discounted Purchased Amount by three business days following
                                         the Deadline, the Purchased Amount shall increase to the full Purchased Amount ($562,125.00)
                                         as per the Agreement. As per normal guidelines and the nature of the original contracts
                                         the daily payment shall be turned on and will reflect a payment of $4,462.00 which will
                                         be paid every day from Monday through Friday for each week until the entirety of the
                                         Purchased Amount is paid. 

		 ● 	 Each of the Owners and
                                         the Merchant agrees that, by signing this Addendum, Milton Ault, the Executive Chairman
                                         of the Seller, agrees to be bound by all provisions of the Agreement and all other Addendum
                                         entered into in connection with the Agreement. Additionally, by signing this Addendum
                                         below, Mr. Ault agrees to be bound by all provisions and terms of this Agreement and
                                         any other Addendum entered into in connection therewith. 

		 ● 	 The undersigned agrees
                                         to execute warrants to purchase 87,500 shares of common stock of DPW (the “Warrants”)
                                         at an exercise price of $2.50 per share of DPW stock to the Purchaser in connection with
                                         and as consideration for entering into the Agreement. The Purchaser may allocate the
                                         Warrants to persons other than the Purchaser in the Purchaser’s sole discretion. 

   

 In witness whereof, the parties
have agreed to this Addendum. 

   

    Page 1 of 2

     

    

   

	 TVT Capital, LLC 	   
	   	   	   
	 By: 	   	   
	 Name: 	   
	 Title: 	   
	   	   	   
	 Digital Power Corporation 	   
	   	   	   
	 By: 	 /s/ Milton C. Ault, III 	   
	 Name: Milton C. Ault, III 	   
	 Title: Chairman & CEO 	   

   

    Page 2 of 2

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