Document:

Exhibit 4.23

 

Amended and Restated Fixed Rate Note dated March 31, 2017
by and between Dougherty Holdings, Inc. and Cardinal Health 100, LLC

 

AMENDED AND RESTATED FIXED RATE NOTE

 

	$432,858.60	March 31, 2017

 

FOR VALUE
RECEIVED, Dougherty’s Holdings, Inc., a Texas corporation (hereinafter referred to as “Borrower”), promises
to pay to the order of Cardinal Health 110, LLC (together with its successors and assigns, “Lender,” which
term shall include any holder hereof), on the dates and in the manner provided below, the sum of FOUR HUNDRED THIRTY TWO THOUSAND
EIGHT HUNDRED FIFTY EIGHT AND 60/100 DOLLARS ($432,858.60) (the “Loan Amount”) or such lesser amount as shall
be outstanding hereunder, together with interest on the unpaid principal balance hereof from the date hereof until maturity at
a rate of interest per annum set forth below (the “Borrower Rate”). Lender shall have no obligation to make
any advance hereunder to Borrower unless (i) the representations of Borrower and any other parties, other than Lender, in the
Related Documents are true on and as of the date of the request for and funding of the extension of credit, (ii) no default, Event
of Default or event that would constitute a default or Event of Default but for the giving of notice, the lapse of time or both,
has occurred and is continuing or would result from the extension of credit, (iii) Lender has received any other approvals, opinions
and documents as it may reasonably request, and (iv) the making of the extension of credit is not prohibited by and does not subject
Lender, any Cardinal Health Affiliate, any Obligor, any Pledgor, or any Subsidiary of Borrower to any penalty or onerous condition
under, any Legal Requirement. Capitalized terms used in this Amended and Restated Fixed Rate Note (this “Note”)
shall have the meanings ascribed to such terms in Section 7 below.

 

	1.	Borrower Rate.

 

Interest on the unpaid principal balance hereof
from the date hereof until maturity shall accrue at a rate of interest equal to eight point eleven percent (8.11%) per annum.

 

The amount of interest accruing and payable hereunder shall be calculated based on the actual number of days elapsed in a 360
day year.

 

	2.	Payments of Principal and Interest.

 

On the date hereof, the Loan
Amount shall be amortized in equal monthly installments until maturity. The principal due on this Note shall be repaid 36 consecutive
equal monthly installments of principal and interest in the amount of $13,640.70, which is based on a 3 year amortization, commencing
on May 10, 2017 and continuing on the tenth day of each month thereafter with a final payment being due and payable on April
10, 2020 (the “Maturity Date”), when all unpaid principal and accrued and unpaid interest under this Note shall
be due and payable in full unless sooner accelerated in accordance with the terms hereof. Interest shall be calculated on the outstanding
principal balance of this Note and shall be payable in arrears. In no event shall any interest be charged on any unpaid interest
hereunder. If any payment under this Note remains wholly or partially unpaid for more than ten (10) days after such payment was
due and payable, Borrower agrees to pay a late fee equal to five percent (5%) of the amount which is past due, not to exceed fifty
dollars $50.00.

 

To the extent that Borrower
makes a payment or Lender receives any payment or proceeds of Collateral for Borrower’s benefit, which are subsequently invalidated,
declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver, custodian
or any other party under any bankruptcy law, common law or equitable cause, then, to such extent, the Liabilities or part thereof
intended to be satisfied shall be revived and continue as if such payment or proceeds had not been received by Lender.

 

	3.	Place of Payment; Holidays.

 

(a)             
All amounts due and payable hereunder shall be paid via an automatic debit initiated by Lender from Borrower’s bank
account pursuant to a separate ACH authorization between Borrower and Lender.

 

 

 

    	 	1	 

     

    

 

(b)           
In any case where the date for any action required to be performed under this Note or any document executed in connection
herewith shall be, in the city where the performance is to be made, a Saturday, a Sunday, a legal holiday or a day on which banking
institutions are authorized by law to close (a “Holiday”), then such performance may be made on the next succeeding
day that is not a Holiday.

 

	4.	Interest after Due Date or Event of Default.

 

Any principal outstanding
hereunder, after the due date therefor, and whether or not due to acceleration following an Event of Default (as defined below),
shall bear interest at the lesser of (i) Borrower Rate plus an additional [five percent (5%)] per annum or (ii) the highest rate
allowed by applicable law; provided, however, that if such increase in interest is prohibited by any applicable law,
interest on any amounts due hereunder after the due date therefor shall continue to be calculated at the Borrower Rate.

 

	5.	Events of Default and Remedies Upon Default.

 

The occurrence of any of the following shall constitute
an “Event of Default”:

 

(a)             
Any Obligor fails to pay when due any of the Liabilities, or any amount payable with respect to any Liability, or under
this Note, any other Related Document, or any agreement or instrument evidencing other debt to any Cardinal Health Affiliate.

 

(b)            
Any Obligor or any Pledgor: (i) fails to observe or perform or otherwise violates any other term, covenant, condition or
agreement of any of the Related Documents; (ii) makes any incorrect or misleading representation, warranty or certificate in any
material respect to Lender or any Cardinal Health Affiliate; (iii) makes any incorrect or misleading representation in any material
respect in any financial statement or other information delivered to Lender or any Cardinal Health Affiliate; or (iv) defaults
under the terms of any agreement or instrument relating to any debt for borrowed money (other than the debt evidenced by the Related
Documents) and the effect of such default will allow the creditor to declare the debt due before its stated maturity.

 

(c)             
In the event (i) there is a default under the terms of any Related Document, (ii) any Obligor terminates or revokes or purports
to terminate or revoke any Related Document, or any Related Document becomes unenforceable in whole or in part, (iii) any Obligor
fails to perform promptly under its guaranty, or (iv) any Obligor fails to comply with, or perform under any agreement, now or
hereafter in effect, between such Obligor and Lender, any Cardinal Health Affiliate or any other affiliate of Lender, or their
respective successors and assigns.

 

 (d)             
 There is any loss, theft, damage, or destruction of any Collateral not covered by insurance.

 

 (e)             
 Lender deems itself insecure with respect to any Liabilities owed to it by Borrower.

 

(f)             
Any Obligor or any of its Subsidiaries or any Pledgor: (i) becomes insolvent or unable to pay its debts as they become due;
(ii) makes an assignment for the benefit of creditors; (iii) consents to the appointment of a custodian, receiver, or trustee for
itself or for a substantial part of its property; (iv) commences any proceeding under any bankruptcy, reorganization, liquidation,
insolvency or similar laws; (v) conceals or removes any of its property, with intent to hinder, delay or defraud any of its creditors;
(vi) makes or permits a transfer of any of its property, which may be fraudulent under any bankruptcy, fraudulent conveyance or
similar law; or (vii) makes a transfer of any of its property to or for the benefit of a creditor at a time when other creditors
similarly situated have not been paid.

 

 

 

    	 	2	 

     

    

 

(g)            
A custodian, receiver, or trustee is appointed for any Obligor or any of its Subsidiaries or any Pledgor or for a substantial
part of their respective property.

 

(h)            
Any Obligor or any of its Subsidiaries, without Lender's written consent: (i) liquidates or is dissolved; (ii) merges or
consolidates with any other Person; (iii) leases, sells or otherwise conveys a material part of its assets or business outside
the ordinary course of its business; (iv) leases, purchases, or otherwise acquires a material part of the assets of any other Person,
except in the ordinary course of its business; or (v) agrees to do any of the foregoing; provided, however, that any Subsidiary
of an Obligor may merge or consolidate with any other Subsidiary of that Obligor, or with the Obligor, so long as the Obligor is
the survivor.

 

(i)              
Proceedings are commenced under any bankruptcy, reorganization, liquidation, or similar laws against any Obligor or any
of its Subsidiaries or any Pledgor and remain undismissed for thirty (30) days after commencement; or any Obligor or any of its
Subsidiaries or any Pledgor consents to the commencement of those proceedings.

 

(j)              
Any judgment for the payment of money in excess of $25,000 is entered against any Obligor or any of its Subsidiaries, or
any attachment, seizure, sequestration, levy, or garnishment is issued against any property of any Obligor or any of its Subsidiaries
or of any Pledgor or any Collateral.

 

(k)            
Any individual Obligor or Pledgor dies, or a guardian or conservator is appointed for any individual Obligor or Pledgor
or all or any portion of their respective property, or the Collateral.

 

(l)            
Any material adverse change occurs in: (i) the reputation, property, financial condition, business, assets, affairs, prospects,
liabilities, or operations of any Obligor or any of its Subsidiaries; (ii) any Obligor's or Pledgor's ability to perform its obligations
under the Related Documents; or (iii) the Collateral.

 

(m)        
Borrower fails to maintain a relationship with one or more Cardinal Health Affiliates, as Borrower’s primary provider
of pharmaceutical/medical/nuclear products (provided such pharmaceutical/medical/nuclear products are carried by and available
from one or more Cardinal Health Affiliates), or fails to satisfy any purchase requirements set forth in any agreement between
Borrower and any one or more Cardinal Health Affiliates.

 

(n)           
Any default occurs under any Note Indebtedness (defined below) or any Other Indebtedness (defined below).

 

(o)            
Any provision of any Related Document shall at any time for any reason be declared to be null and void, or the validity
or enforceability thereof shall be contested by any Obligor, or a proceeding shall be commenced by any Obligor, or by any governmental
authority having jurisdiction over any Obligor, seeking to establish the invalidity or unenforceability thereof, or any Obligor
shall deny that any Obligor has any liability or obligation purported to be created under any Related Document.

 

Upon the occurrence and during
the continuance of an Event of Default, Lender may (i) terminate all rights, if any, of Borrower to obtain advances hereunder,
and thereupon, any such right shall terminate immediately, (ii) declare any or all of the Liabilities to be due and payable, and
thereupon, the principal of the Credit Facilities, together with accrued interest thereon and all fees and other Liabilities shall
become due and payable immediately, and (iii) immediately exercise any right, power or remedy permitted to Lender by law or any
provision of this Note or any other Related Document, in each case, without any presentment, demand, protest or other notice of
any kind, all of which are hereby expressly waived by Borrower; provided, however, that upon the occurrence of an Event
of Default described in clause (f) or (i) of Section 5 hereof, all rights, if any, of Borrower to obtain advances hereunder
shall automatically terminate and the principal of the Credit Facilities, together with accrued interest thereon and all fees
and other Liabilities shall automatically become due and payable without any action on the part of Lender, and without any presentment,
demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower. Furthermore, upon the occurrence
of an Event of Default, interest thereafter shall accrue upon the entire outstanding balance of this Note at the rate set forth
in Section 4 of this Note until this Note is paid in full.

 

 

 

    	 	3	 

     

    

 

The rights of Lender under
this Note and the other Related Documents are in addition to other rights (including without limitation other rights of setoff)
Lender may have contractually, by law, in equity or otherwise, all of which are cumulative and hereby retained by Lender. Each
Obligor agrees to stand still with regard to Lender's enforcement of its rights, including taking no action to delay, impede or
otherwise interfere with Lender's rights to realize on any Collateral. Lender shall at all times have a right of set-off against
any indebtedness, liabilities, or obligations due or to become due to Borrower from Lender or any Cardinal Health Affiliate (including
but not limited to Lender’s affiliates, subsidiaries, parent or related entities, collectively or individually) in satisfaction
of the indebtedness under this Note and the Related Documents, without notice or demand to Borrower.

 

Any failure of the holder
of this Note to exercise any above-described option with respect to any such nonpayment or default shall not waive or otherwise
affect the holder’s rights to exercise that option with respect to that or any subsequent nonpayment or default.

 

	6.	Right to Prepay Note.

 

Borrower shall have the right to prepay this Note, in
whole or in part, at any time without penalty.

 

	7.	Definitions.

 

As used herein, the following terms have the following
respective meanings:

 

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to Borrower or any of its Subsidiaries from
time to time concerning or relating to bribery or corruption.

 

“Cardinal
Health Affiliate” means each subsidiary and affiliate of Cardinal Health, Inc., an Ohio corporation, whether existing
now existing or created in the future.

 

“Change
in Law” means the adoption or taking effect after the date of this Agreement of any law or Legal Requirement or any governmental
or quasi-governmental policy or directive (whether or not having the force of a Legal Requirement), or any change in the interpretation
or administration thereof by any governmental authority or quasi-governmental authority, central bank, or comparable agency charged
with the interpretation or administration thereof, or compliance by Lender with any request or directive (whether or not having
the force of a Legal Requirement) of any such authority, central bank, or comparable agency; provided, that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines,
requirements or directives thereunder shall be deemed to be a “Change in Law” regardless of the date enacted, adopted,
issued, or implemented, and (y) all requests, rules, guidelines, or directives promulgated by the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued, or implemented.

 

“Collateral”
means any interest in any kind of property or asset, whether real, personal or mixed, tangible or intangible, now or in the future
subject to any Lien in favor of Lender, securing or intending to secure, any of the Liabilities.

 

“Control”
as used with respect to any Person, means the power to direct or cause the direction of, the management and policies of that Person,
directly or indirectly, whether through the ownership of equity interests, by contract, or otherwise. “Controlling”
and “Controlled” have meanings correlative thereto.

 

 

 

    	 	4	 

     

    

 

“Credit
Facilities” means all extensions of credit from Lender or any Cardinal Health Affiliate to Borrower, whether now existing
or hereafter arising, including but not limited to the Loan extended contemporaneously with this Note and any trade line of credit
provided by Lender or any Cardinal Health Affiliate to Borrower.

 

“GAAP”
means generally accepted accounting principles in effect from time to time in the United States of America, consistently applied.

 

“Legal
Requirement” means any law, ordinance, decree, requirement, order, judgment, rule, regulation (or interpretation of any
of the foregoing) of any foreign governmental authority, the United States of America, any state thereof, any political subdivision
of any of the foregoing or any agency, department, commission, board, bureau, court or other tribunal having jurisdiction over
Lender, any Pledgor or any Obligor or any of its Subsidiaries or their respective properties or any agreement by which any of them
is bound.

 

“Liabilities”
means all indebtedness, liabilities and obligations of every kind and character of Borrower to Lender or any Cardinal Health Affiliate,
whether the obligations, indebtedness and liabilities are individual, joint, joint and several, contingent or otherwise, now or
hereafter existing, including without limitation all liabilities, interest, costs, and fees arising under or from any note, open
account, credit card, lease, endorsement, surety agreement, guaranty, acceptance, or foreign exchange contract, whether payable
to Lender or a Cardinal Health Affiliate or to a third party and subsequently acquired by Lender or a Cardinal Health Affiliate,
any monetary obligations (including interest) incurred or accrued during the pendency of any bankruptcy, insolvency, receivership
or other similar proceedings, regardless of whether allowed or allowable in such proceeding, and all renewals, extensions, modifications,
consolidations, rearrangements, restatements, replacements or substitutions of any of the foregoing.

 

“Lien”
means any mortgage, deed of trust, pledge, charge, encumbrance, security interest, collateral assignment, pledge or other lien
or restriction of any kind.

 

“Obligor”
means Borrower and any guarantor, surety, co-signer, endorser, general partner or other Person who may now or in the future be
obligated to pay any of the Liabilities.

 

“OFAC” means the U.S. Department
of the Treasury’s Office of Foreign Assets Control.

 

“Organizational
Documents” means, with respect to any Person, certificates of existence or formation, documents establishing or governing
the Person or evidencing or certifying that the Person is duly organized and validly existing in accordance with all applicable
Legal Requirements, including all amendments, restatements, supplements, or modifications to such certificates and documents as
of the date of the Related Document referring to the Organizational Document and any and all future modifications thereto approved
by Lender.

 

“Person”
means any individual, corporation, partnership, limited liability company, joint venture, joint stock association, association,
bank, business trust, trust, unincorporated organization, any foreign governmental authority, the United States of America, any
state of the United States and any political subdivision of any of the foregoing or any other form of entity.

 

“Pledgor” means any Person providing
Collateral.

 

 

 

    	 	5	 

     

    

 

“Related
Documents” means this Note, all loan agreements, credit agreements, reimbursement agreements, security agreements, mortgages,
deeds of trust, pledge agreements, assignments, guaranties, vendor agreements, and any other instrument or document executed in
connection with this Note or with any of the Liabilities, as any of the foregoing may be amended, restated, supplemented, or otherwise
modified from time to time.

 

“Sanctioned
Country” means, at any time, a country, region or territory which is itself the subject or target of comprehensive Sanctions
(at the time of this Agreement, Cuba, Iran, North Korea, Sudan, Syria and Crimea).

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC,
the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state,
(b) any Person operating, organized or ordinarily resident in a Sanctioned Country to the extent dealing with such Person would
be prohibited by applicable Sanctions or (c) any Person 50% owned by any such Person or Persons described in the foregoing clause
(a).

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union
or any European Union member state.

 

“Subsidiary”
means, as to any particular Person (the “parent”), a Person, the accounts of which would be consolidated with those
of the parent in the parent's consolidated financial statements if such financial statements were prepared in accordance with GAAP
as of the date of determination, as well as any other Person of which fifty percent (50%) or more of the equity interests is at
the time of determination directly or indirectly owned, Controlled or held, by the parent or by any Person or Persons Controlled
by the parent, either alone or together with the parent.

 

	8.	Other Indebtedness.

 

Borrower agrees and acknowledges
that the indebtedness and obligations secured by the Related Documents, including without limitation any security agreement, mortgage,
or guaranty, include all indebtedness and obligations of every kind and nature now existing or hereafter arising owed or owing
by Borrower to Lender or any Cardinal Health Affiliate, including without limitation the indebtedness and obligations of Borrower
of every kind, including principal, interest, costs, fees and expenses, if applicable, (i) evidenced by this Note (collectively,
the “Note Indebtedness”), and (ii) otherwise now owed or at any time hereafter owing by Borrower to Lender or
any Cardinal Health Affiliate, whether or not evidenced by any promissory notes or other written documents or instruments (collectively,
the “Other Indebtedness”). The security interest and lien granted pursuant to the Related Documents, all of
the rights in the collateral described therein, and all of the rights and remedies of the secured party thereunder, and all of
the rights and benefits of the beneficiary under any guaranty, are collectively referred to herein as the “Credit Support.”
Borrower agrees and acknowledges that (i) full or partial payment of any Note Indebtedness will not constitute payment of any Other
Indebtedness, and in the event of any such full or partial payment of Note Indebtedness, the Credit Support shall continue to secure
and support the payment and performance in full of all of the Other Indebtedness, and (ii) full or partial payment of any Other
Indebtedness will not constitute payment of any Note Indebtedness, and in the event of any such full or partial payment of Other
Indebtedness, the Credit Support shall continue to secure and support the payment and performance in full of all of the Note Indebtedness.

 

Any default by Borrower in
the Other Indebtedness shall constitute a default under the Note Indebtedness, and any default under the Note Indebtedness shall
constitute a default under the Other Indebtedness, in each case permitting the holder(s) of any such Note Indebtedness or Other
Indebtedness, respectively, to accelerate the payment in full of all of such Note Indebtedness or Other Indebtedness, and exercise
any and all other rights and remedies with respect to the Credit Support.

 

 

 

    	 	6	 

     

    

 

Borrower shall pay principal,
interest, and all other amounts payable hereunder or under any other Related Document, and perform its obligations under this Note
without setoff, offset, deduction, recoupment or withholding of any kind for amounts owed or payable by Lender or any Cardinal
Health Affiliate, and hereby waives, releases and relinquishes any and all rights of setoff, offset, deduction, recoupment or withholding,
whether under this Note or any other Related Document, applicable law or otherwise and whether relating to Lender’s or any
Cardinal Health Affiliate’s breach, bankruptcy or otherwise.

 

	9.	Indemnification.

 

Borrower agrees to indemnify,
defend and hold (a) the Bank, its parent company and its respective Subsidiaries and affiliates, and their respective successors
and assigns; and (b) Cardinal Health, Inc., its respective Subsidiaries and affiliates (including Cardinal Health Affiliates),
their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively,
the “Indemnified Persons”) harmless from any and against any and all loss, liability, obligation, damage, penalty,
judgment, claim, deficiency, expense, interest, penalties, attorneys' fees (including the fees and expenses of any attorneys engaged
by the Indemnified Person) and amounts paid in settlement (“Claims”) to which any Indemnified Person may become
subject arising out of or relating to the Credit Facilities, the Liabilities under this Agreement or any other Related Documents
or the Collateral, except to the limited extent that the Claims are proximately caused by the Indemnified Person's gross negligence
or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this Agreement and shall
not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance.

 

	10.	Representations and Warranties.

 

Borrower represents and
warrants as of the date of this Note that each of the following statements is true and shall remain true and correct until all
Credit Facilities and all Liabilities under this Note and the other Related Documents are paid in full: (a) its principal residence
or chief executive office is at the following address: 16250 Knoll Trail Dr. Ste. 102, Dallas TX, 75248; (b) its name as it appears
in this Note is its exact name as it appears in its Organizational Documents; (c) the execution and delivery of this Note and
the other Related Documents to which it is a party, and the performance of the obligations they impose, do not violate any Legal
Requirement, conflict with any agreement by which it is bound, or require the consent or approval of any other Person; (d) this
Note and the other Related Documents have been duly authorized, executed and delivered by all parties thereto (other than Lender)
and are valid and binding agreements of those Persons, enforceable according to their terms, except as may be limited by bankruptcy,
insolvency or other laws affecting the enforcement of creditors' rights generally and by general principles of equity; (e) all
information furnished to Lender or any Cardinal Health Affiliate in connection with the Liabilities are accurate and fairly reflect
the financial condition of the Persons to which they apply on their effective dates, including contingent liabilities of every
type, which financial condition has not changed materially and adversely since those dates; (f) no litigation, claim, investigation,
administrative proceeding or similar action is pending or threatened against it, and no other event has occurred which may in
any one case or in the aggregate materially adversely affect it or any of its Subsidiaries' financial condition, properties, business,
affairs or operations, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged by
Lender in writing; (g) all of its tax returns and reports that are or were required to be filed, have been filed, and all taxes,
assessments and other governmental charges have been paid in full, except those presently being contested by it in good faith
and for which adequate reserves have been provided; (h) (i) the fair market value of its assets is in excess of the total amount
of its liabilities (including without limitation any indebtedness that may be a contingent liability); (ii) the present fair saleable
value of its assets is greater than its probable liability on its existing debts as such debts become absolute and matured; (iii)
it is able and expects to be able to pay its debts (including without limitation contingent debts and other commitments) as they
mature; and (iv) it has capital sufficient to carry on its business as conducted and as proposed to be conducted, (i) it is not
in violation of any Legal Requirement, and it has not failed to obtain any licenses, permits, franchises or other governmental
or environmental authorizations necessary to the ownership of its properties or to the conduct of its business, and (j) it has
implemented and maintains in effect policies and procedures designed to promote compliance by Borrower, its Subsidiaries (if any),
and their respective directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions, and Borrower, its
Subsidiaries (if any), and to the knowledge of Borrower, their respective employees, officers, directors, and agents (in their
capacity as such) that will act in any capacity in connection with or benefit from the credit facility established hereby, are
in compliance with Anti- Corruption Laws and applicable Sanctions in all material respects and are not engaged in any activity
that would reasonably be expected to result in Borrower being designated as a Sanctioned Person. Neither Borrower nor any Subsidiary
is a Sanctioned Person.

 

 

 

    	 	7	 

     

    

 

	11.	Successors and Assigns.

 

This Note shall be binding
upon the successors and assigns of Borrower and shall inure to the benefit of the successors and assigns of Lender; provided,
however, that Borrower shall have no right to assign its rights or obligations hereunder to any person or entity without
the prior written consent of Lender. Lender may assign this Note and all accompanying Related Documents evidencing or securing
Borrower’s obligations hereunder at any time to any entity.

 

	12.	Intent Not To Violate Usury Laws.

 

The parties hereto intend
not to violate any federal or state law, rule or regulation pertaining either to usury or to the contracting for or charging or
collecting of interest, and each of Lender and Borrower agree that should any provision of this Note be deemed to violate any such
law, rule or regulation, then the excess of interest contracted for or charged or collected over the maximum lawful rate of interest
shall be applied to the principal amount due hereunder, without penalty.

 

	13.	Cumulative Remedies; Waivers by Borrower.

 

No remedy referred to
herein is intended to be exclusive, but each shall be cumulative and in addition to any other remedy available to holder, whether
at law or in equity. Failure on the part of the holder to insist on the strict performance of any or all of the terms, provisions,
and covenants contained in this Note shall not be construed as a waiver or relinquishment for the future of any term, provision
or covenant herein. Borrower hereby waives presentment, demand for payment, protest and notice of dishonor of this Note and all
other notices and demands.

 

	14.	Compliance with Law.

 

Borrower shall maintain in
effect and enforce, in all material respects, policies and procedures designed to promote compliance by Borrower, its Subsidiaries
(if any), and their respective directors, officers and employees with Anti-Corruptions Laws and applicable Sanctions.

 

	15.	Use of Proceeds.

 

Borrower will not use,
or permit any proceeds of the Credit Facilities to be used, directly or indirectly, for: (1) any personal, family or household
purpose; or (2) the purpose of “purchasing or carrying any margin stock” within the meaning of Federal Reserve Board
Regulation U; (3) in furtherance of an offer, payment, or promise to pay, or authorization of the payment or giving of money, or
anything else of value, to any Person in violation of any Anti- Corruption Laws; (4) for the purpose of funding, financing, or
facilitating any activities, business, or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except, in
each case, to the extent such use is licensed by OFAC and otherwise authorized under applicable law; or (5) in any manner that
would result in the violation of any Sanctions applicable to any party hereto.

 

	16.	Changes in Capital Adequacy Regulations.

 

If Lender determines that
any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on Lender’s
capital or the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by
Lender, to a level below that which Lender or Lender’s holding company could have achieved but for such Change in Law (taking
into consideration Lender’s policies and the policies of Lender’s holding company with respect to capital adequacy
and liquidity), then from time to time, Borrower will pay to Lender such additional amount or amounts as will compensate Lender
or Lender’s holding company for any such reduction suffered.

 

 

 

    	 	8	 

     

    

 

	17.	USA Patriot Act.

 

Lender hereby notifies
Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))
(the “Act”), it is required to obtain, verify and record information that identifies Borrower, which information includes
the name and address of Borrower and other information that will allow Lender to identify Borrower in accordance with the Act.

 

	18.	GOVERNING LAW; WAIVER OF JURY TRIAL; VENUE.

 

THE RIGHTS AND OBLIGATIONS
OF LENDER AND BORROWER HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS (WITHOUT GIVING EFFECT TO THE CONFLICT
OF LAW PRINCIPLES THEREOF) OF THE STATE OF OHIO. TO THE EXTENT PERMITTED BY LAW, EACH OF BORROWER AND LENDER HEREBY WAIVE THE RIGHT
TO TRIAL BY JURY. BORROWER HEREBY SUBMITS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN COLUMBUS, OHIO OR IN OR
NEAR DUBLIN, OHIO AT LENDER’S OPTION, FOR ANY ACTION OR PROCEEDING ARISING OUT OF THIS NOTE AND ANY RELATED DOCUMENTS AND
HEREBY WAIVES THE DEFENSE, IF ANY, THAT SUCH COURT CONSTITUTES AN INCONVENIENT FORUM.

 

	19.	Severability.

 

Any provision of this Note
which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be effective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

	20.	Closing Fee; Costs and Expenses.

 

Borrower has agreed to
pay a closing fee to Lender in the amount of $350 to cover Lender’s administrative costs in funding the loan. Borrower agrees
that the closing fee is a valid administrative cost and not a charge for the use of money. Borrower agrees that Lender may deduct
such closing fee from the proceeds hereof.

 

To the extent not prohibited
by applicable Legal Requirements and whether or not the transactions contemplated by this Note are consummated, Borrower is liable
to Lender and agrees to pay on demand all reasonable costs and expenses of every kind incurred (or charged by internal allocation)
in connection with the negotiation, preparation, execution, filing, recording, modification, supplementing and waiver of this Note
and any other Related Documents, and any amendment, supplement or modification thereto, the making, servicing and collection of
the Credit Facilities and the realization on any Collateral and any other amounts owed under the Related Documents, including without
limitation reasonable attorneys' fees (including counsel for Lender that are employees of Lender or its affiliates) and court costs.
These costs and expenses include without limitation any costs or expenses incurred by Lender in any bankruptcy, reorganization,
insolvency or other similar proceeding involving any Obligor, Pledgor, or property of any Obligor, Pledgor, or Collateral. The
obligations of Borrower under this section shall survive the termination of this Note and the other Related Documents.

 

	21.	Time of the Essence.

 

TIME IS OF THE ESSENCE IN THE PERFORMANCE OF THE OBLIGATIONS
UNDER THIS NOTE.

 

	22.	Secured Obligation.

 

This Note may be secured by Borrower’s personal
property, including but not limited to all accounts, deposit accounts, equipment, inventory, chattel paper, documents, instruments,
contracts, general intangibles, investment property, and all other goods and personal property, whether tangible or intangible,
now owned or hereafter acquired, as evidenced by one or more security agreements executed and delivered by Borrower to Lender either
previously, in conjunction herewith or at a future date, and in form and substance satisfactory to Lender. This Note may also be
secured by Borrower’s real property, as described in one or more mortgages, deeds of trust or other security instruments
executed and delivered by Borrower to Lender, either previously, in conjunction herewith or at a future date, and in form and substance
satisfactory to Lender.

 

 

 

    	 	9	 

     

    

 

	23.	Amendment and Restatement.

 

THIS NOTE IS AN AMENDMENT,
RESTATEMENT AND CONSOLIDATION OF THE INDEBTEDNESS EVIDENCED BY THAT CERTAIN NOTE IN THE ORIGINAL PRINCIPAL AMOUNT OF $1,500,350.00,
DATED AS OF FEBRUARY 10, 2012 PAYABLE BY BORROWER TO LENDER (THE "PRIOR NOTE"). THIS NOTE IS NOT INTENDED TO BE,
NOR SHALL IT BE DEEMED TO BE, A NOVATION OF THE PRIOR NOTE OR THE INDEBTEDNESS OF BORROWER EVIDENCED THEREBY. ALL REFERENCES IN
ANY OF THE CREDIT DOCUMENTS TO THE PRIOR NOTE SHALL BE DEEMED TO MEAN AND REFER TO THIS NOTE.

 

Borrower authorizes any attorney
at law to appear in any court of record in the state of Ohio or in any other state or territory of the United States after the
above indebtedness becomes due, whether by acceleration or otherwise, to waive the issuing and service of process, and to confess
judgment against Borrower in favor of Lender for the amount then appearing due together with costs of suit, and thereupon to waive
all errors and all rights of appeal and stays of execution. The attorney at law authorized hereby to appear for Borrower may be
an attorney at law representing Lender, and Borrower hereby expressly waives any conflict of interest that may exist by virtue
of such representation. Borrower also agrees that the attorney acting for Borrower as set forth in this section may be compensated
by Lender for such services.

 

Signature Page Follows

 

 

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, Borrower has executed and delivered this
Note as of the date first above written.

 

 

	 	 DOUGHERTY’S HOLDINGS, INC.

 

 

By:        /s/ Mark S. Heil

Name:   Mark S. Heil

Title:     President/CFO

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

SIMPLE INTEREST LOAN AMORTIZATION SCHEDULE

Page
1

 

This schedule is
for informational purposes only, and should not be relied upon for exact amounts of interest paid on this account. If any
monthly payment is made on a date other than its scheduled due date, then the final monthly payment will be in an amount different,
either more or less, than either the stated amount of the regular monthly payments or the stated amount of the final payment.
Each payment will be applied first to accrued but unpaid interest, and then to the reduction of principal.

 

 

Attached you will find the amortization schedule
for your Term loan.

 

If you have any questions or need further assistance,
please call (888) 548-3718, option 1, extension 29591.

 

	 	Note Date ('mm/dd/yy)	3/31/2017	 
	 	Date of First Payment	5/10/2017	 
	Dougherty's Holdings, Inc.	Principal	432,858.60	 
	 	Term in Months	36	 
	 	Annual Interest Rate	8.11%	 
	 	Payment	$13,640.70	 

 

	PMT 
#	 	 	Payment

 Date	 	Payment

 Made	 	 	Beginning

 Principal

 Balance	 	 	Annual

 Interest 

Rate	 	 	Days Since

 Last 

PMT	 	 	Accrued

 Interest

 Portion of

 Payment	 	 	Principal

 Reduction

 Portion of

 Payment	 	 	Ending

 Principal

 Balance	 
	 	1	 	 	10-May-17	 	 	13,640.70	 	 	 	432,858.60	 	 	 	8.11%	 	 	 	40	 	 	 	3,900.54	 	 	 	9,740.16	 	 	 	423,118.44	 
	 	2	 	 	10-Jun-17	 	 	13,640.70	 	 	 	423,118.44	 	 	 	8.11%	 	 	 	31	 	 	 	2,954.89	 	 	 	10,685.81	 	 	 	412,432.63	 
	 	3	 	 	10-Jul-17	 	 	13,640.70	 	 	 	412,432.63	 	 	 	8.11%	 	 	 	30	 	 	 	2,787.36	 	 	 	10,853.34	 	 	 	401,579.29	 
	 	4	 	 	10-Aug-17	 	 	13,640.70	 	 	 	401,579.29	 	 	 	8.11%	 	 	 	31	 	 	 	2,804.47	 	 	 	10,836.23	 	 	 	390,743.06	 
	 	5	 	 	10-Sep-17	 	 	13,640.70	 	 	 	390,743.06	 	 	 	8.11%	 	 	 	31	 	 	 	2,728.80	 	 	 	10,911.90	 	 	 	379,831.16	 
	 	6	 	 	10-Oct-17	 	 	13,640.70	 	 	 	379,831.16	 	 	 	8.11%	 	 	 	30	 	 	 	2,567.03	 	 	 	11,073.67	 	 	 	368,757.49	 
	 	7	 	 	10-Nov-17	 	 	13,640.70	 	 	 	368,757.49	 	 	 	8.11%	 	 	 	31	 	 	 	2,575.26	 	 	 	11,065.44	 	 	 	357,692.04	 
	 	8	 	 	10-Dec-17	 	 	13,640.70	 	 	 	357,692.04	 	 	 	8.11%	 	 	 	30	 	 	 	2,417.40	 	 	 	11,223.30	 	 	 	346,468.75	 
	 	9	 	 	10-Jan-18	 	 	13,640.70	 	 	 	346,468.75	 	 	 	8.11%	 	 	 	31	 	 	 	2,419.60	 	 	 	11,221.10	 	 	 	335,247.65	 
	 	10	 	 	10-Feb-18	 	 	13,640.70	 	 	 	335,247.65	 	 	 	8.11%	 	 	 	31	 	 	 	2,341.24	 	 	 	11,299.46	 	 	 	323,948.19	 
	 	11	 	 	10-Mar-18	 	 	13,640.70	 	 	 	323,948.19	 	 	 	8.11%	 	 	 	28	 	 	 	2,043.39	 	 	 	11,597.31	 	 	 	312,350.88	 
	 	12	 	 	10-Apr-18	 	 	13,640.70	 	 	 	312,350.88	 	 	 	8.11%	 	 	 	31	 	 	 	2,181.34	 	 	 	11,459.36	 	 	 	300,891.52	 
	 	13	 	 	10-May-18	 	 	13,640.70	 	 	 	300,891.52	 	 	 	8.11%	 	 	 	30	 	 	 	2,033.53	 	 	 	11,607.17	 	 	 	289,284.34	 
	 	14	 	 	10-Jun-18	 	 	13,640.70	 	 	 	289,284.34	 	 	 	8.11%	 	 	 	31	 	 	 	2,020.25	 	 	 	11,620.45	 	 	 	277,663.89	 
	 	15	 	 	10-Jul-18	 	 	13,640.70	 	 	 	277,663.89	 	 	 	8.11%	 	 	 	30	 	 	 	1,876.55	 	 	 	11,764.15	 	 	 	265,899.74	 
	 	16	 	 	10-Aug-18	 	 	13,640.70	 	 	 	265,899.74	 	 	 	8.11%	 	 	 	31	 	 	 	1,856.94	 	 	 	11,783.76	 	 	 	254,115.98	 
	 	17	 	 	10-Sep-18	 	 	13,640.70	 	 	 	254,115.98	 	 	 	8.11%	 	 	 	31	 	 	 	1,774.65	 	 	 	11,866.05	 	 	 	242,249.93	 
	 	18	 	 	10-Oct-18	 	 	13,640.70	 	 	 	242,249.93	 	 	 	8.11%	 	 	 	30	 	 	 	1,637.21	 	 	 	12,003.49	 	 	 	230,246.43	 
	 	19	 	 	10-Nov-18	 	 	13,640.70	 	 	 	230,246.43	 	 	 	8.11%	 	 	 	31	 	 	 	1,607.95	 	 	 	12,032.75	 	 	 	218,213.68	 
	 	20	 	 	10-Dec-18	 	 	13,640.70	 	 	 	218,213.68	 	 	 	8.11%	 	 	 	30	 	 	 	1,474.76	 	 	 	12,165.94	 	 	 	206,047.74	 
	 	21	 	 	10-Jan-19	 	 	13,640.70	 	 	 	206,047.74	 	 	 	8.11%	 	 	 	31	 	 	 	1,438.96	 	 	 	12,201.74	 	 	 	193,846.00	 
	 	22	 	 	10-Feb-19	 	 	13,640.70	 	 	 	193,846.00	 	 	 	8.11%	 	 	 	31	 	 	 	1,353.75	 	 	 	12,286.95	 	 	 	181,559.05	 
	 	23	 	 	10-Mar-19	 	 	13,640.70	 	 	 	181,559.05	 	 	 	8.11%	 	 	 	28	 	 	 	1,145.23	 	 	 	12,495.47	 	 	 	169,063.58	 
	 	24	 	 	10-Apr-19	 	 	13,640.70	 	 	 	169,063.58	 	 	 	8.11%	 	 	 	31	 	 	 	1,180.67	 	 	 	12,460.03	 	 	 	156,603.56	 
	 	25	 	 	10-May-19	 	 	13,640.70	 	 	 	156,603.56	 	 	 	8.11%	 	 	 	30	 	 	 	1,058.38	 	 	 	12,582.32	 	 	 	144,021.23	 
	 	26	 	 	10-Jun-19	 	 	13,640.70	 	 	 	144,021.23	 	 	 	8.11%	 	 	 	31	 	 	 	1,005.79	 	 	 	12,634.91	 	 	 	131,386.32	 
	 	27	 	 	10-Jul-19	 	 	13,640.70	 	 	 	131,386.32	 	 	 	8.11%	 	 	 	30	 	 	 	887.95	 	 	 	12,752.75	 	 	 	118,633.57	 
	 	28	 	 	10-Aug-19	 	 	13,640.70	 	 	 	118,633.57	 	 	 	8.11%	 	 	 	31	 	 	 	828.49	 	 	 	12,812.21	 	 	 	105,821.37	 
	 	29	 	 	10-Sep-19	 	 	13,640.70	 	 	 	105,821.37	 	 	 	8.11%	 	 	 	31	 	 	 	739.02	 	 	 	12,901.68	 	 	 	92,919.68	 
	 	30	 	 	10-Oct-19	 	 	13,640.70	 	 	 	92,919.68	 	 	 	8.11%	 	 	 	30	 	 	 	627.98	 	 	 	13,012.72	 	 	 	79,906.96	 
	 	31	 	 	10-Nov-19	 	 	13,640.70	 	 	 	79,906.96	 	 	 	8.11%	 	 	 	31	 	 	 	558.04	 	 	 	13,082.66	 	 	 	66,824.30	 
	 	32	 	 	10-Dec-19	 	 	13,640.70	 	 	 	66,824.30	 	 	 	8.11%	 	 	 	30	 	 	 	451.62	 	 	 	13,189.08	 	 	 	53,635.22	 
	 	33	 	 	10-Jan-20	 	 	13,640.70	 	 	 	53,635.22	 	 	 	8.11%	 	 	 	31	 	 	 	374.57	 	 	 	13,266.13	 	 	 	40,369.09	 
	 	34	 	 	10-Feb-20	 	 	13,640.70	 	 	 	40,369.09	 	 	 	8.11%	 	 	 	31	 	 	 	281.92	 	 	 	13,358.78	 	 	 	27,010.31	 
	 	35	 	 	10-Mar-20	 	 	13,640.70	 	 	 	27,010.31	 	 	 	8.11%	 	 	 	29	 	 	 	176.46	 	 	 	13,464.24	 	 	 	13,546.07	 
	 	36	 	 	10-Apr-20	 	 	13,640.67	 	 	 	13,546.07	 	 	 	8.11%	 	 	 	31	 	 	 	94.60	 	 	 	13,546.07	 	 	 	0.00	 

 

 

 

 

    	 	12Exhibit 4.24

 

Security Agreement dated March
31, 2017, by and between Dougherty’s Pharmacy El Paso, LLC and Cardinal Health 110, LLC.

 

SECURITY AGREEMENT

 

This
agreement (this “Agreement”) is made as of March 31, 2017, between Cardinal Health 110, LLC (together with its
successors and assigns, “Secured Party”), whose principal address for purposes of this Agreement is 7000 Cardinal
Place, Dublin, OH 43017 and Dougherty’s Pharmacy El Paso, LLC, a Texas Limited Liability Company (“Debtor”),
whose office address and principal place of business is 16250 Knoll Trail Dr. STE 102, Dallas, Texas 75248, who hereby agree as
follows intending to be legally bound:

 

1.           
Grant of Security Interest. Debtor hereby grants to Secured Party, for itself and as agent for each other Cardinal
Health Affiliate, as defined in that Unconditional Guaranty executed by Debtor in favor of Secured Party dated as of even date
herewith (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”), a security
interest in the following described personal property of Debtor, wherever located and whether now owned or hereafter acquired:

 

All Debtor’s now
owned or hereafter acquired tangible and intangible assets, including, without limitation, all Debtor’s fixtures, goods,
machinery, equipment, vehicles, leasehold improvements, inventory, accounts, accounts receivable, credit card receivables, payment
intangibles, healthcare receivables, deposit accounts, including without limitation, those maintained with a bank or other financial
institution, and all money, letter of credit rights and letter of credit proceeds and assignments thereof, chattel paper, including
electronic chattel paper, documents, notes receivable, instruments, investment property, contract rights, general intangibles (including
without limitation, all intellectual property, trade names, trademarks, trade secrets, service marks, patents, patent applications,
copyrights, literary rights, royalties, data bases, software and software systems, licenses, franchises, customer lists, goodwill,
and tax refunds), books and records, prescription files, patient lists, computer programs and records, and all other personal property,
tangible or intangible (including without limitation all signs, appliances, cash registers, computers, computer software, shelving,
check-out counters, compressors, freezers, coolers, display cases, customer records, sundries, tobacco products, prescription and
over-the-counter pharmaceutical products, health and beauty aids, home healthcare products and general merchandise and supplies);
all accessions and additions to, substitutions for, and replacements of any of the foregoing; all proceeds or products of any of
the foregoing; and all rights to payments under any insurance or warranty, guaranty, or indemnity payable with respect to any of
the foregoing (collectively, the “Collateral”).

 

Unless
otherwise defined herein, each capitalized term used herein shall have the meaning ascribed to such term in the Guaranty or, as
the case may be, in that certain Amended and Restated Fixed Rate Note made by Dougherty’s Holdings, Inc. (the “Borrower”)
to the order of Secured Party dated as of even date herewith (as amended, restated, supplemented or otherwise modified from time
to time, the “Note”). Each term used herein with reference to the Collateral and defined in the Uniform Commercial
Code (the “Code”) as adopted in the State of Texas from time to time shall have the meaning given in the Code,
unless otherwise defined herein. To the extent the definition of any category or type of Collateral is expanded by any amendment,
modification or revision to the Code, such expanded definition will apply automatically as of the effective date of such amendment,
modification or revision.

 

2.           
Obligations Secured. This agreement secures all obligations of Debtor and its affiliates and subsidiaries (whether
now existing or hereafter created or acquired) (each, a “Debtor Affiliate”) to Secured Party and to each other
Cardinal Health Affiliate, whether now existing, or hereafter arising or acquired, including without limitation all principal,
interest, costs, attorneys’ fees, expenses, or other amounts, matured or unmatured, all obligations to make payment for
all merchandise or services purchased by Debtor or any Debtor Affiliate from COLUMBUS/17944232 or on the credit of Secured Party
or any other Cardinal Health Affiliate (wherever such merchandise or services may be delivered or performed), and any obligations,
debts or liabilities of any nature owing to Secured Party or to any other Cardinal Health Affiliate, whether evidenced by this
agreement, the Guaranty, or any other agreement or arrangement between Debtor or any Debtor Affiliate and Secured Party or Debtor
or any Debtor Affiliate and such other Cardinal Health Affiliate, whether any obligations have been or may be acquired by Secured
Party or such Cardinal Health Affiliate, directly or indirectly, whether any such obligations are now or hereafter evidenced by
open account, promissory notes, guarantees or other documents and irrespective of any other guarantees or other security now or
hereafter given for any such obligations (collectively, the “Obligations”). The Obligations include without
limitation those obligations under the Guaranty of the Note Indebtedness and Other Indebtedness of Borrower as well as any other
obligations owing by Debtor to Secured Party.

 

 

 

    	 	1	 

     

    

 

3.                 
Location of Office and Collateral. Debtor warrants, covenants and agrees that: (a) Debtor's principal office and
principal place of business is located at the address specified at the beginning of this Agreement; (b) all inventory included
among the Collateral is and will be held for sale, and all equipment included among the Collateral is and will be held for use,
in each case, in the ordinary course of Debtor’s business; (c) all Collateral will be located either at Debtor’s business
locations specified in the attached Exhibit A or at the above-specified principal office and principal place of business;
(d) neither the location of Debtor’s principal office and place of business nor the location of the Collateral will be changed
without written notice to Secured Party at least fifteen (15) days prior to any such change; (e) if any Collateral is in the possession
of a third party, Debtor shall join with the Secured Party in notifying the third party of the Secured Party’s security interest
and obtaining an acknowledgement from the third party that it is holding the Collateral for the benefit of the Secured Party; (f)
Debtor shall cooperate with the Secured Party in obtaining control with respect to Collateral consisting of deposit accounts, investment
property, letter-of-credit rights, and electronic chattel paper or implementing a daily sweep with respect to any Collateral consisting
of deposit accounts into which proceeds from any governmental authority (including without limitation Medicare and Medicaid proceeds)
are directly deposited; and (g) Debtor shall not create any chattel paper without placing a legend on the chattel paper acceptable
to Secured Party indicating that Secured Party has a security interest in such chattel paper.

 

“Medicaid”
means, collectively, the health care assistance program established by Title XIX of the Social Security Act (42 U.S.C. § §1396
et seq.) and any statutes succeeding thereto, and all statutes, rules, regulations, manuals, orders, guidelines, or requirements
pertaining to such program including: (a) all federal statutes (whether set forth in Title XIX of the Social Security Act or elsewhere)
affecting such program; (b) all state statutes and plans for medical assistance enacted in connection with such program and federal
rules and regulations promulgated in connection with such program; and (c) all applicable provisions of all rules, regulations,
manuals, orders, and administrative reimbursement guidelines, and requirements of all governmental authorities promulgated in connection
with such program (whether or not having the force of law), in each case as the same may be amended, supplemented, or otherwise
modified from time to time.

 

“Medicare”
means, collectively, the health insurance program for the aged and disabled established by Title XVIII of the Social Security Act
(42 U.S.C. § §1395 et seq.) and any statutes succeeding thereto, and all statutes, rules, regulations, manuals, orders,
or guidelines pertaining to such program including: (a) all federal statutes (whether set forth in Title XVIII of the Social Security
Act or elsewhere) affecting such program; and (b) all applicable provisions of all rules, regulations, manuals, orders, and administrative
reimbursement guidelines and requirements of all governmental authorities promulgated in connection with such program (whether
or not having the force of law), in each case as the same may be amended, supplemented, or otherwise modified from time to time.

 

4.               
Insurance. Without limiting any other obligation or liability of Debtor under this Agreement, Debtor agrees that
upon execution of this Agreement and through its entire effective period, Debtor shall obtain and maintain insurance coverage with
limits and conditions not less than those specified below:

 

All
Risk Property Insurance, including transit coverage, earthquake and windstorm, in an amount equal to full replacement value covering
Collateral and naming Secured Party as “lender loss payee.” Such policy(ies) shall have deductibles of not more than
$10,000 per occurrence.

 

Debtor shall furnish certificates
of insurance evidencing the required insurance policies to Secured Party prior to the effective date of the Agreement and within
thirty (30) days after renewal of such policies. Each insurance policy that is required under this Agreement shall be obtained
from a financially responsible company selected by Debtor and acceptable to Secured Party having an A.M. Best rating of A-VII or
better. Secured Party is hereby appointed Debtor’s attorney-in-fact to endorse any draft or check which may be payable to
Debtor in order to collect any proceeds of such insurance, and any amount so collected to be applied by Secured Party to any amount
then owing by Debtor to Secured Party, and the balance, if any, shall be paid to Debtor.

 

5.           
Liens and Perfection of Liens. Debtor warrants that: (a) Debtor owns all the Collateral free and clear of all leases,
security interests, liens, encumbrances, charges, liabilities, or claims of any nature, except the security interest created by
this Agreement and those reflected in the attached Exhibit B; (b) Debtor has rights in or the power to transfer Collateral;
(c) no financing statement covering all or any part of the Collateral is on file with the Secretary of any State, the Clerk of
any County, or any other recording office, except such financing statements as may have been filed in favor of Secured Party or
those set forth on Exhibit B; (d) this Agreement creates a valid and perfected security interest in the Collateral, securing
the prompt and full payment of the Obligations, and all filings or other actions necessary or desirable to perfect and protect
such security interest have been duly made or taken or shall be duly made or taken immediately upon execution of this Agreement;
(e) Debtor’s exact legal name, state of organization and principal place of business are as set forth in recitals above;
(f) Debtor has no other place of business, except as set forth on Exhibit A; and (g) the Collateral is and shall be used
for business purposes. Debtor covenants that without the prior written consent of Secured Party, it will not create, incur, or
permit any lien on any of Debtor’s assets (now owned or hereafter acquired), including any lien created by virtue of a purchase
money security interest, except as permitted by the Related Documents.

 

 

    	 	2	 

     

    

 

6.           
Debtor’s Name/Organization. Debtor covenants that: (a) unless Secured Party consents in writing to a change
in Debtor’s legal name or state of organization prior to such a change, Debtor shall not change its legal name or state of
incorporation; and (b) at least 30 days prior to the occurrence of any of the following events, Debtor shall deliver to Secured
Party written notice of such events (which notice shall be accompanied by Debtor’s request for Secured Party’s written
approval thereof): (i) a change in Debtor’s legal name or state of organization; (ii) a change in Debtor’s Organizational
Documents, organizational structure, principal place of business or chief executive office; and (iii) the opening or closing of
any place of business. Debtor further covenants that it will not (c) engage in any business activities substantially different
from those in which it is presently engaged, (d) cease operations, liquidate, merge, transfer, acquire or consolidate with any
other Person, change its name, dissolve, or sell any assets out of the ordinary course of business, or (e) permit any pledge of
any equity interest in Debtor or any Subsidiary of Debtor (other than in favor of Secured Party or a Cardinal Health Affiliate)
or any sale or other transfer of any equity interest in such Persons.

 

7.           
Use and Maintenance of Collateral. Debtor may sell the inventory included among the Collateral at retail in the ordinary
course of business until such time as Secured Party demands payment of the Obligations secured by this Agreement. Debtor shall
not, without the prior written consent of Secured Party: (a) sell or otherwise transfer any other Collateral, including without
limitation any sale of accounts receivable or the granting of a license or other security interest in the Collateral; or (b) change
the location of any Collateral (except sales of inventory as described above). No Collateral shall be attached to real estate by
Debtor without the prior written consent of Secured Party. Secured Party agrees that it will not deliver a “notice of exclusive
control” or similar notice to any depository institution party to a deposit account control agreement with Debtor and Secured
Party entered into in connection herewith unless and until the occurrence of a default as described in Section 10 below.

 

Debtor
shall (i) maintain its property in a condition comparable to that on the date hereof, except for normal wear and tear and routine
maintenance and obsolescence in the ordinary course of business, and make all renewals, replacements, additions, betterments and
improvements thereto which Secured Party deems necessary; (ii) reflect in its financial statements adequate accruals and appropriations
to reserves and keep and maintain proper books of record and account in which entries, in conformity with GAAP or in form otherwise
acceptable to Secured Party, shall be made of all dealings and transactions in relation to its businesses and activities, including
without limitation transactions and other dealings with respect to the Collateral; (iii) do or cause to be done all things reasonably
necessary (A) to preserve and keep in full force and effect its existence, rights and franchises, and (B) to maintain its status
as duly organized and existing, and in good standing, under the laws of the state of its organization; (iv) conduct continuously
and operate actively its business and take all actions reasonably necessary to enforce and protect the validity of any intellectual
property material to its business; and (iii) not be in violation of any requirement of law, which violation is reasonably likely
to have a material adverse effect.

 

8.           
Financing Statements/Further Actions. Debtor hereby irrevocably and unconditionally authorizes Secured Party or its
designees to execute, authenticate, or deliver, on behalf of Debtor, and/or file or record one or more notices, affidavits, assignments,
financing statements, continuation statements, or amendments thereto, and such other instruments or notices as Secured Party may
consider necessary or desirable to perfect, protect, or preserve the security interest granted or purported to be granted by this
Agreement. Debtor shall execute any documents and take any other actions requested by Secured Party from time to time to perfect
or protect any security interest granted or purported to be granted by this Agreement or to enable Secured Party to exercise or
enforce its rights or remedies under this Agreement.

 

9.           
Financial Information; Inspection; Required Notices. Debtor shall furnish or cause to be furnished to Secured Party
such financial data and information relating to the Collateral and performance of the provisions of this Agreement or to the business
and financial condition of Debtor as may be reasonably requested from time to time by Secured Party, including without limitation
financial statements of Debtor (including a balance sheet and related statements of income, shareholders’ equity, and cash
flows). Debtor shall permit Secured Party, its agents and designees to: (a) inspect and photograph its property, to examine and
copy files, books, and records, and discuss Debtor’s business, operations, prospects, assets, affairs and financial condition
with Debtor’s or its Subsidiaries' officers and accountants, at times and intervals as Secured Party reasonably determines;
(b) perform audits or other inspections of the Collateral, including the records and documents related to the Collateral; and (c)
confirm with any Person any obligations and liabilities of the Person to Debtor or its Subsidiaries. Debtor will, and will cause
its Subsidiaries to, cooperate with any inspection or audit. Following the occurrence of an Event of Default, Debtor will pay Secured
Party the reasonable costs and expenses of any audit or inspection of the Collateral (including fees and expenses charged internally
by Secured Party for asset reviews) promptly after receiving an invoice therefor. Debtor shall promptly inform Secured Party in
writing of: (i) all existing and all threatened litigation, claims, investigations, administrative proceedings, judgments, tax
delinquencies and similar actions or changes in Legal Requirements affecting it which could materially affect its business, assets,
affairs, prospects or financial condition; (ii) the occurrence of any Event of Default or other event which gives rise to Secured
Party’s option to terminate the Credit Facilities; (iii) any additions to or changes in the locations of its businesses;
(iv) any alleged breach by Secured Party of any provision of this Agreement or of any other Related Document; and (v) any destruction
of all or any material portion of the Collateral.

 

 

 

    	 	3	 

     

    

 

10.        
Default. If (i) Debtor fails to make any payment when due to Secured Party, (ii) Debtor defaults under any of its
agreements with Secured Party or any Cardinal Health Affiliate, including without limitation the a vendor agreement or credit
application agreement, (iii) Debtor fails to fully perform any of the Obligations, (iv) Secured Party deems itself insecure for
any other reason, or (v) any Event of Default occurs, then and in any such event: (a) all amounts owing to Secured Party by Debtor
may become immediately payable without notice or demand pursuant to the terms of the Note or the Guaranty; and (b) Secured Party
may exercise, with respect to the Collateral, all rights and remedies of a secured party on default under the Code and all other
rights and remedies under this Agreement or otherwise available to Secured Party. In any action or proceeding to enforce its rights
or remedies under this Agreement, Secured Party shall be entitled forthwith to immediate exclusive possession and control of the
Collateral and, upon ex parte application by Secured Party to any court of competent jurisdiction without notice to Debtor,
shall be entitled to an order giving such immediate exclusive possession and control to Secured Party or, if Secured Party so
elects, to an order appointing a receiver for the Collateral and the business of Debtor, all upon a prima facie showing
only of the default and without any requirement of bond or other security and without any showing that immediate or irreparable
injury, loss, or damage will result if such an order is not issued by the court. Secured Party and any persons designated by Secured
Party shall have the right, without notice to Debtor, to enter any premises where any Collateral may then be located and to take
possession of that Collateral or remove it or both, and Debtor hereby irrevocably authorizes Secured Party to do so. For purposes
of this Agreement, notice to Debtor ten days prior to the date of a public sale of any Collateral or to the date after which private
sale or other disposition of any Collateral will be made, in each case shall constitute reasonable notice of any such sale. Debtor
agrees to pay to Secured Party all costs and expenses, including without limitation legal fees and court costs incurred by Secured
Party, directly or indirectly, in connection with, or as a result of, collecting, enforcing, or protecting its rights under this
Agreement.

 

11.        
Notices. Any notice or other communication required or desired to be given to any party under this Agreement shall
be in writing and shall be deemed given when: (a) delivered personally to such party; (b) deposited in the United States mail,
first-class postage prepaid, addressed to such party at the address for such party specified at the beginning of this Agreement
or at any other address hereafter designated by such party in notice to the party giving notice; or (c) otherwise delivered to
such address.

 

12.        
Complete Agreement. This Agreement (and all exhibits hereto) contains the entire agreement between the parties and
supersedes all prior or contemporaneous discussions, negotiations, representations, or agreements relating to the subject matter
of this Agreement. No changes to this Agreement shall be made or be binding on any party unless made in writing and signed by each
party to this Agreement.

 

13.        
Governing Law. All questions concerning the validity or meaning of this Agreement or relating to the rights and obligations
of the parties with respect to performance under this Agreement shall be construed and resolved under the laws of Ohio, except
to the extent that the Code provides for the application of the laws another state with respect to the perfection, priority, and
enforceability of the security interests granted herein.

 

14.        
Severability. The intention of the parties to this Agreement is to comply fully with all laws and public policies,
and this Agreement shall be construed consistently with all laws and public policies to the extent possible. If and to the extent
that any court of competent jurisdiction determines it is impossible to construe any provision of this Agreement consistently with
any law or public policy and consequently holds that provision to be invalid, such holding shall in no way affect the validity
of the other provisions of this Agreement, which shall remain in full force and effect.

 

15.        
Venue and Jury Trial. (a) All parties to this Agreement hereby designate any state or federal court sitting in Columbus,
Ohio, or in or near Dublin, Ohio at Secured Party’s option, as a court of proper jurisdiction and venue for any actions or
proceedings relating to this Agreement; hereby irrevocably consent to such designation, jurisdiction, and venue; and hereby waive
any objections or defenses relating to jurisdiction or venue with respect to any actions or proceeding initiated in any such court.

 

(b)
DEBTOR AND SECURED PARTY HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY, AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE
IN RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN DEBTOR AND SECURED PARTY ARISING OUT OF OR IN
ANY WAY RELATED TO THIS AGREEMENT.

 

16.        
Nonwaiver. No failure by any party to insist upon compliance with any term of this Agreement or to exercise any option,
enforce any right, or seek any remedy upon any default of any other party shall affect, or constitute a waiver of, the first party’s
right to insist upon such strict compliance, exercise such option, enforce such right, or seek such remedy with respect to such
default or any prior, contemporaneous, or subsequent default; nor shall any custom or practice of the parties at variance with
any provision of this Agreement affect, or constitute a waiver of, any party’s right to demand strict compliance with all
provisions of this Agreement. No waiver shall be effective unless it is in a writing signed by the party giving the waiver.

 

 

 

    	 	4	 

     

    

 

17.        
Captions. The captions of the various sections of this Agreement are not part of this Agreement, but are only labels
to assist in locating those sections and shall be ignored in construing this Agreement.

 

18.        
Survival. All agreements, obligations, warranties, and representations under this Agreement shall survive any investigations
made by any party to this Agreement.

 

19.        
Exhibits. Each exhibit referred to in this Agreement is hereby incorporated in this Agreement by reference. All
obligations of any party under any such exhibit shall be considered as obligations under this Agreement.

 

20.        
Genders and Numbers. When permitted by the context, each pronoun used in this Agreement includes the same pronoun
in other genders or numbers, and each noun used in this Agreement includes the same noun in other numbers.

 

 21.         Obligations. All obligations of Debtor under this Agreement shall be joint and several obligations.

 

22.        
Assignment. Debtor shall not assign this Agreement to any third party without the prior written consent of Secured
Party (which consent may by withheld by Secured Party in its sole discretion). Secured Party shall have the right to assign this
Agreement to any direct or indirect subsidiary of Secured Party or any third party without the consent of Debtor.

 

23.        
Successors. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against the
respective heirs, administrators, executors, successors, and assigns of each party to this Agreement.

 

24.        
Cumulative Effect. This Agreement is intended as an additional security to Secured Party and does not supersede,
waive, or otherwise affect any other security interests, guarantees, or other agreements between Secured Party and Debtor.

 

	DEBTOR:	 	SECURED PARTY:
	 	 	 
	Dougherty’s Pharmacy El Paso, LLC	 	Cardinal
Health 110, LLC
	 	 	 
	/s/ Mark S. Heil                              	 	 
	By:          Mark S. Heil	 	By:   _________________________
	Title:       Manager	 	Title:__________________________
	 	 	 
	/s/ Andy Komuves                     	 	 
	By:          Andy Komuves	 	 
	Title:       Manager	 	 

 

 

 

 

 

 

 

 

 

    	 	5	 

     

    

 

Exhibit A

 

Locations of Debtor’s Business

 

16250 Knoll Trail Dr. STE 102, Dallas, Texas 75248

 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

Exhibit B

 

Leases, Security Interests,
Liabilities, or Claims Affecting Collateral

 

		1.	First National Bank of Southwest

		2.	Cardinal Health

 

 

 

 

 

 

 

 

 

 

    	 	7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}]]