Document:

EXHIBIT 10.56

 

LIST
OF SCHEDULES AND EXHIBITS

 

Exhibit
A – Note Exhibit B –

Reserved

Exhibit
C- Assignment and Assumption Agreement Exhibit D -

Reserved

Exhibit
E - Bill of Sale Exhibit F –

Power
of Attorney

Exhibit
G – Notice to Borrowers Schedule 1.1(a) -

List
of Assets Schedule 1.1(e) - Loans

Schedule
1.2(a) – Excluded Assets Schedule 1.5 -

Assumed
Liabilities Schedule 1.6 – Allocation of

Purchase
Price

Schedule
2.4 – Required Consents and Approvals Schedule

2.10
– Seller’s Litigation Schedule Schedule 2.11 - List of

Material
Contracts Schedule 2.12(a) - List of Union

Employees
Schedule 2.12(b) - List of Other Employees

Schedule
2.12(c) – Seller’s Employee Plans

 

    	1

    	 

    

 

Exhibit
A

 

Note

 

PROMISSORY
NOTE

 

	Principal
    Amount: $1,792,000.00	Place
    of Issuance: Chicago, IL
	Issue Date:
    December 23, 2014	Maturity
    Date: February 6, 2015

 

FOR
VALUE RECEIVED, MIDWEST BUSINESS CREDIT, INC., a Delaware corporation having its principal place of business at 500
N. Dearborn, Suite 605, Chicago, IL 60654 (“MBC”), and Q LOTUS HOLDINGS, INC., a Nevada corporation
having its principal place of business at 500 N. Dearborn, Suite 605, Chicago, IL 60654 (“Q Lotus” and collectively
with MBC, the “Borrower”), hereby promise to pay on or before FEBRUARY 6, 2015 (the “Maturity
Date”), to the order of MW BUSINESS CREDIT, LLC f/k/a Midwest Business Credit, LLC, a Nevada limited liability
company (together with its successors and assigns, the “Holder”), at 710 E. Ogden Avenue, Suite 250, Naperville,
IL 60563, or at such other location as the Holder may otherwise direct in writing from time to time, the principal amount of ONE
MILLION SEVEN HUNDRED AND NINETY-TWO THOUSAND 00/100 DOLLARS ($1,792,000.00) in lawful money of the United States.

 

Article
1. Purchase Agreement. This promissory note (this “Note”)
is the “Note” of MBC and Q Lotus referred to in that certain Asset Purchase Agreement (the “Purchase Agreement”)
dated as of December __, 2014 and entered into by and between the Holder and MBC. Capitalized terms used in this Note but not
otherwise defined shall have the meanings given thereto in the Purchase Agreement.

 

Article
2. Payment of Principal.The Borrower covenants and agrees that it
will duly and punctually pay the principal sum of ONE MILLION SEVEN HUNDRED AND NINETY-TWO THOUSAND 00/100 DOLLARS ($1,792,000.00)
on the Maturity Date. The Note shall mature and become due and payable in full on Maturity Date without any further notice by
Holder.

 

Article
3. Payment of Interest. No interest shall accrue on the outstanding balance
of this Note through the Maturity Date. Upon and after the occurrence of an Event of Default, and during the continuation thereof,
interest shall be payable at a rate equal to ten percent (10%) per annum (the “Interest Rate”).In no event,
however, shall interest hereunder exceed the maximum interest rate permitted by law.

 

Article
4. Fees and Expenses. All reasonable fees and expenses incurred by the
Holder (including, without limitation, attorneys’ fees and expenses) in collecting amounts due under this Note shall be
paid by the Borrower to the Holder upon demand therefore.

 

Article
5. Events of Default. The occurrence of any of the events set out below
as (a) and (b) or a default under the Purchase Agreement (“Events of Default”) shall, at the option of Holder,
make this Note immediately due and payable, without notice of default, presentment or demand for payment, protest or notice of
nonpayment or dishonor, or other notices or demands of any kind:

 

(a)
Payments. The Borrower fails to pay any amount due pursuant to this Note whether at stated maturity, upon acceleration
or otherwise.

 

    	2

    	 

    

 

(b)
Insolvency. An order for relief is entered against the Borrower by any United States Bankruptcy Court; the Borrower
does not generally pay its debts as they become due (within the meaning of 11 U.S.C. 303(h)); the Borrower makes an assignment
for the benefit of creditors; the Borrower applies for or consents to the appointment of a custodian, receiver, trustee or similar
officer for it or for all or any substantial part of its assets, or such a custodian, receiver, trustee or similar officer is
appointed without the application or consent of the Borrower; the Borrower institutes (by petition, appli- cation, answer, consent
or otherwise) any bankruptcy, insolvency, reorganization, moratorium, arrangement, readjustment of debt, dissolution, liquidation
or similar proceeding relating to it under the laws of any jurisdiction; any such proceeding is instituted (by petition, application
or otherwise) against the Borrower; or any judgment, writ, warrant of attachment, execution or similar process is issued or levied
against a material portion of the assets of the Borrower.

 

Article
6. Waiver of Presentment, Demand and Dishonor.

 

(a)
The Borrower hereby waives presentment for payment, protest, demand, notice of protest, notice of non-payment and diligence
with respect to this Note, and waives and renounces all rights to the benefit of any statute of limitations or any moratorium,
appraisement, exemption or homestead now provided or that hereafter may be provided by any federal or applicable state statute,
including, but not limited to, exemptions provided by or allowed under the U.S. Bankruptcy Code (or similar state laws affecting
creditors’ rights) and any successors thereto), both as to itself and as to all of its property, whether real or personal,
against the enforcement and collection of the obligations evidenced by this Note and any and all extensions, renewals and modifications
hereof.

 

(b)
No failure on the part of the Holder to exercise any right or remedy hereunder with respect to the Borrower, whether
before or after the happening of an Event of Default, shall constitute a waiver of any future Event of Default or of any other
Event of Default. No failure to demand the debt of the Borrower evidenced hereby by reason of an Event of Default or indulgence
granted from time to time shall be construed to be a waiver of the right to insist upon prompt payment thereafter; or shall be
deemed to be a novation of this Note or a reinstatement of such debt evidenced hereby or a waiver of such right of demand or any
other right, or be construed so as to preclude the exercise of any right the Holder may have, whether by the laws of the state
governing this Note, by agreement or otherwise; and the Borrower hereby expressly waives the benefit of any statute or rule of
law or equity that would produce a result contrary to or in conflict with the foregoing.

 

Article
7. Governing Law. This Note shall be governed by, and construed in accordance
with, the internal laws of the State of Illinois, without reference to the choice of law principles thereof.

 

Article
8. Amendment; Waiver.No modification, alteration, waiver or change
of any of the provisions hereof shall be effective unless in writing and signed by the Borrower and the Holder and, then, only
to the extent set forth in such writing.

 

Article
9. No Jury Trial. The Borrower acknowledges and agrees that any controversy
that may arise under this Note is likely to involve complicated and difficult issues. ACCORDINGLY, THE BORROWER HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS NOTE. The Borrower certifies and acknowledges that (i)the
Holder has not represented, expressly or otherwise, that it would not, in the event of litigation, seek to enforce the foregoing
waiver, (ii) the Borrower understands and has considered the implications of this waiver, and (iii) the Holder has been induced
to accept this Note by, among other things, the waivers and certifications in this Article.

 

    	3

    	 

    

 

Article 10. Commercial
Transaction. The Borrower acknowledges that this Note is executed as part of a commercial transaction. Q Lotus acknowledges
that it is the sole shareholder of MBC and that the transactions contemplated by the Purchase Agreement and will inure to the
financial benefit of the Q Lotus.

 

IN WITNESS
WHEREOF, the Borrower has executed and delivered this Promissory Note this      day of December,
2014.

 

	 	Midwest Business Credit,
    Inc.,
	 	a Delaware corporation
	 	 
	 	By:	/s/
    Gary A. Rosenberg
	 	Name:	Gary A. Rosenberg
	 	Title:	Chairman & CEO
	 	 	 
	 	Q Lotus Holdings, Inc.,
	 	a Nevada corporation
	 	 	 
	 	By:	/s/
    Gary A. Rosenberg
	 	Name:	Gary A. Rosenberg
	 	Title:	Chairman & CEO

  

    	4

    	 

    

 

Exhibit
B 

 

Reserved

 

    	5

    	 

    

   

Exhibit
C

 

ASSIGNMENT
AND ASSUMPTION

 

This
Assignment and Assumption (this “Assignment”) is executed as of December 23, 2014 by MW Business Credit, LLC
f/k/a Midwest Business Credit, LLC. a Nevada limited liability company, having an office at 710 E. Ogden Avenue. Suite 250, Naperville,
IL 60563 (“Seller or Assignor”), and Midwest Business Credit, Inc., a Delaware corporation, having its
principal place of business at 500 N. Dearborn, Suite 605, Chicago, IL 60654 (“Buyer or Assignee”).

 

For
valuable consideration, the receipt and adequacy of which are acknowledged, as of the date hereof, Seller has TRANSFERRED, GRANTED,
ASSIGNED, SOLD, CONVEYED, ENDORSE and DELIVERED and does by these presents TRANSFER, GRANT, ASSIGN, SELL, CONVEY, ENDORSE and
DELIVER to Buyer, its successors and assigns, without recourse to or representation or warranty by Seller and Buyer accepts such
assignment and transfer all of Seller’s right, title and interest in to and under the following:

 

(i)
all Loans defined in that certain Asset Purchase Agreement, dated as of December 23, 2014. between Seller and Buyer
(“Agreement”,) all collateral, all security deposits, commitments to lend, all security for and guaranties
of the payment of the foregoing, and all documents and instruments related to the foregoing (including but not limited to, promissory
notes, guaranties, security agreements, loan agreements, mortgages, deeds of trust, collateral assignments of leases, schedules,
collateral assignments of agreements, agreements or addenda, letter of credit reimbursement agreements, letters of credit that
secure the Loans, bills of sale, evidence of insurance, life insurance and title insurance policies, capital stock and other ownership
interests, make-well agreements, financing statements, certificates of title, cross-default and/or cross-collateral agreements,
assignment documents and any other agreements or instruments providing security for, relating to or affecting the foregoing loan
transactions (the “Loan Documents”), and all rights appurtenant to the foregoing, as well as all fees and other
unpaid amounts owed or owing, whether now existing or hereafter arising, to Seller by the borrowers in respect of such Loans or
other finance transactions (collectively, the “Purchased Loans”).

 

(ii)
copies of all records, data and other materials relating to the Purchased Loans (in any form or medium) including,
without limitation, credit information, data accounting records, property records, surveys, environmental reports, plans and specifications,
appraisals, evaluations, licenses, license applications, litigation files, if any, and other materials related to any of the foregoing
items (collectively, the “Purchased Records”); and

 

(iii)
all insurance and indemnity claims (but excluding any such claims relating to liabilities not assumed by Buyer) relating
to the Purchased Loans and Purchased Records and the Assumed Liabilities (as hereinafter defined), promissory notes, security
agreements, mortgages, deeds of trust, assignments, title insurance policies, life insurance policies, interests in property and
liability insurance, guaranties, and all claims, causes of action, demands, equities, priorities, privileges, powers, benefits,
rights, titles, interests and all monies, payments, fees, revenues and other sums payable and to be payable to Seller and to which
Seller is or may hereafter become entitled related thereto (together with the Purchased Loans and Purchased Records, collectively,
the “Purchased Assets”).

  

    	6

    	 

    

 

TO
HAVE AND TO HOLD the above described Purchased Assets, together with all rights. titles, interests, liens, guaranties, privileges,
claims, demands and equities existing and to exist in connection therewith or as security therefor unto Buyer, its successors
and assigns, forever.

 

Concurrently
with this Assignment. Seller agrees to (a) endorse each original note included in the Purchased Assets as follows: “Pay
to the order of Midwest Business Credit, Inc., without recourse and without representation or warranty, except for such representations
and warranties as are set forth in that certain Asset Purchase Agreement, effective as of December 23, 2014, between MW Business
Credit, LLC, as Seller, and Midwest Business Credit, Inc., as Buyer”; and (b) deliver to Assignee each such note and original
guaranty thereof and arrange to deliver to Assignee all other Purchased Assets as soon as practicable.

 

Seller
hereby assigns to Buyer all financing statements filed in connection with each of the Purchased Assets naming Seller or its predecessors
as secured party, and Buyer, its successors and assigns, is hereby authorized to file assignments, amendments, continuations or
financing statements in lieu of Continuation for each of those financing statements.

 

Buyer
hereby assumes and agrees to perform and discharge all liabilities and obligations of Seller pursuant to the Purchased Loans and
the Assumed Liabilities set forth on Schedule 1.5 of the Agreement. The foregoing liabilities and obligations of Seller being
assumed by Buyer hereunder shall be collectively referred to as the “Assumed Liabilities” and all other liabilities
of any type or nature are specifically excluded and not assumed by Buyer. Effective on and after the Closing Date (as defined
in the Agreement), Buyer will be a party to the Loan Documents in lieu of Seller and will be obligated to perform all of the obligations
of Seller under the Loan Documents, if any. Buyer agrees that it will perform in accordance with the terms all of the obligations
under the Loan Documents required to be performed by it as assignee of Seller. Seller relinquishes its rights and is released
from its obligations under the Loan Documents.

 

By
the transfer and assignment herein referenced, the priority of the liens and security interests in favor of Seller by reason of
any of the above-referenced instruments and security documents shall be deemed preserved and maintained in favor of Buyer as Seller’s
successor in interest, to the extent permitted by applicable law.

 

From
time to time after the date hereof, upon request of Buyer, Seller, without further consideration, shall cooperate with Buyer and
shall duly execute, acknowledge and deliver all such further deeds, assignments, transfers, conveyances and powers of attorney
and take such other actions and give such assurances as may be reasonably required to convey to and vest in Buyer and to protect
Buyer’s right title and interest in and enjoyment of all the Purchased Assets intended to be assigned, transferred and conveyed
pursuant to and as provided in and subject to the provisions of this Assignment and as may lie appropriate otherwise to carry
out the transactions contemplated by this Assignment including without limitation, assignments of liens, transfers of letter-of-credit
rights and appropriate endorsements to insurance policies. Seller shall hold in trust and promptly pay or deliver to Buyer any
amounts or items which may be received by Seller after the date hereof which constitute Purchased Assets and Buyer shall similarly
hold in trust and deliver to Seller any amounts received by Buyer which are the property of Seller.

 

Nothing
in this Assignment shall be construed to be a modification of, or limitation on, any provision of the Agreement by and between
Assignor and Assignee.

 

Executed
as of the date first above written.

 

    	7

    	 

    

 

	 	SELLER:
	 	MW
    BUSINESS CREDIT, LLC
	 	 	 
	 	By:	/s/
    Timothy D. Bellcourt
	 	Name:	Timothy
    D. Bellcourt
	 	Title:	Manager
	 	 	 
	 	BUYER:
	 	MIDWEST
    BUSINESS CREDIT, INC.
	 	 	 
	 	By:	/s/
    Gary A. Rosenberg
	 	Name:	Gary
    A. Rosenberg
	 	Title:	Chairman
    &
    CEO

   

    	8

    	 

    

  

Exhibit
D

 

Reserved

 

    	9

    	 

    

  

Exhibit
E

 

BILL
OF SALE

 

THIS
BILL OF SALE is made this 23rd day of December, 2014 by MW
Business Credit, LLC f/k/a Midwest Business Credit, LLC, a Nevada limited liability company
(the “Seller”), and Midwest Business Credit, Inc.,
a Delaware corporation (the “Purchaser”).

 

WITNESSETH:

 

That for
the consideration set forth in that certain Asset Purchase Agreement dated December___, 2014
and entered into by and between Seller and Purchaser (the “Purchase Agreement”),
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. Seller does hereby sell,
assign, transfer and convey absolutely unto Purchaser, all of Seller’s right, title and interest in and to
the Assets (as defined in the Purchase Agreement), including but not limited to
all items identified in Exhibit “I”
attached hereto, excluding the Excluded Assets (as defined in the Purchase Agreement), including but not limited to all
items identified in Exhibit “II” attached hereto.

 

To
have and to hold the Assets unto Purchaser, and its successors and assigns, forever.

 

Seller
hereby represents and warrants to Purchaser that (i) it owns good, marketable and merchantable title to the Assets, (ii) it has
full power, right and authority to make this Bill of Sale, and (iii) the Assets are free and clear of all liens, security interest
and encumbrances of any kind whatsoever, except such encumbrances, if any, that are set forth in Exhibit
“III” attached hereto. Seller, for itself and for its successors and assigns,
does hereby fully warrant and will forever defend the right and title to the Assets unto
Purchaser, and its successors and assigns, against the lawful claims of all persons whomsoever.

 

IN
WITNESS WHEREOF, this Bill of Sale has been signed, sealed and delivered by Seller as of the day and year first above written.

 

	 	MW
    BUSINESS CREDIT, LLC
	 	 	 
	 	By:	/s/
    Timothy D. Bellcourt
	 	Name:	Timothy
    D. Bellcourt
	 	Title:	Manager

  

    	10

    	 

    

  

Exhibit
“I” to Bill of Sale

 

TANGIBLE
ASSETS USED IN BUSINESS

 

FURNITURE

 

		●	3
                                         L-Shape desks
	 	 	 
		●	3
                                         Hutch with two drawer lateral file
	 	 	 
		●	1
                                         Credenza
	 	 	 
		●	1
                                         Leather love seat
	 	 	 
		●	2
                                         Leather guest chairs
	 	 	 
		●	1
                                         Computer table
	 	 	 
		●	1
                                         Coffee table
	 	 	 
		●	1
                                         Conference table
	 	 	 
		●	8
                                         Side chairs
	 	 	 
		●	5
                                         Non-matching desk chairs
	 	 	 
		●	7
                                         Five high lateral file cabinets
	 	 	 
	 	●	1
                                         Fire proof file cabinet
	 	 	 
	 	●	2
                                         Two drawer lateral files
	 	 	 
	 	●	2
                                         Storage racks
	 	 	 
	 	●	1
                                         Book case
	 	 	 
	 	●	1
                                         Two door storage cabinet

 

ELECTRONIC
EQUIPMENT/SOFTWARE

 

		●	Six
                                         desk top computer
	 	 	 
		●	One
                                         fax/printer/copier (Brother)
	 	 	 
		●	William
                                         Stucky & Associates software and related license
	 		 
		●	Quick
                                         Books software and related license

 

OTHER

 

		●	One
                                         Under Counter Refrigerator
	 	 	 
		●	One
                                         microwave
	 	 	 
		●	Miscellaneous
                                         office supplies

 

    	11

    	 

    

 

Exhibit
“II” to Bill of Sale

 

EXCLUDED
ASSETS

 

BOOKS
& RECORDS

 

		●	All
                                         books and records related to Seller’s organization and structure, including, without
                                         limitation, Seller’s corporate book, etc.
	 	 	 
		●	All
                                         books and records related to the financing of Seller’s business operations, including,
                                         without limitation, all records related to the lenders set forth on Schedule 2.11.
	 	 	 
		●	All
                                         records of the Business related to Seller’s accounts payable.
	 	 	 
	 	 	●	All
                                         records related to any Excluded

 

Assets. OTHER (Personal Property of Timothy
Bellcourt)

 

		●	Flat
                                         Screen TV and Stereo System
	 		 
		●	All
                                         art work
	 	 	 
		●	All
                                         plants

 

    	12

    	 

    

 

Exhibit
“III” to

 

Bill
of Sale

 

ENCUMBRANCES

 

Any
lien or encumbrance the Illinois Department of Revenue may have, including, without limitation, any rights it may have pursuant
to a Bulk Sale Stop Order B-98802 issued on February 15, 2012.

 

    	13

    	 

    

 

Exhibit
F

 

LIMITED
POWER OK ATTORNEY

 

STATE
OF ILLINOIS

 

COUNTY
OF COOK

 

KNOW ALL MEN BY THESE
PRESENTS, that MW Business Credit, LLC. f/k/a Midwest Business Credit, LLC. a Nevada limited
liability company (“Seller”), with an office at 710 E. Ogden Avenue, Suite 250, Naperville, II. 60563, hereby nominates,
constitutes and appoints Midwest Business Credit, Inc., a Delaware corporation (“Buyer”), with an office at 500 N,
Dearborn, Suite 605, Chicago, IL 60654. with full power of substitution, as its true and lawful agent and attorney-in-fact, with
full power in its name and on its behalf, subject to, in accordance with and only relating to the terms of the Asset Purchase
Agreement dated as of December 23, 2014 by and between Seller and Buyer to do all such acts and execute, deliver and register
all such documents as shall be requisite or appropriate to:

 

(i)
assign, release and/or maintain perfected all security interests and liens conveyed by Seller to Buyer pursuant to that certain
Assignment and Assumption, dated as of December ___, 2014 (the “Assignment”) from Seller to Buyer, by executing, delivering
and filing in appropriate public offices any and all assignments, transfers, amendments, releases and other instruments or documents
deemed necessary or desirable, upon terms and conditions acceptable to Buyer with respect to the Purchased Assets (as defined
in the Assignment);

 

(ii)
Confirm Buyer’s title to all Assets conveyed by Seller to Buyer pursuant to the Assignment, including without limitation,
all promissory notes, guaranties, letters of credit, make-well agreements, deeds of trust, mortgages, collateral assignments of
leases, and other collateral documents;

 

(iii)
assign, release and/or maintain in effect all title insurance policies, life insurance policies, property and liability insurance
relating to any of the Purchased Assets and notify the issuers of such policies of the change in beneficiary, loss payee, assignee,
additional insured or other party thereto as a result of the transfer of the Purchased Assets to Buyer;

 

(iv)
endorse Seller’s name upon any notes, checks, drafts, money orders or other forms of instruments made payable to Seller
or its affiliates with respect to the Purchased Assets received after the date hereof (and as to which Buyer is entitled pursuant
to the Assignment); and

 

(v)
negotiate and enter into any settlements with any insurance companies in any case where Seller is the insured or loss payee and
Buyer is entitled to proceeds pursuant to the Assignment.

 

in
each such case granting unto such agent and attorney-in-fact full power and authority to do all such acts and things as the undersigned
could do if personally present, hereby ratifying and confirming all such acts as said agent and attorney-in-fact shall do by virtue
of this limited Power of Attorney.

 

No
person dealing with Buyer, as attorney-in-fact, shall be under any duty to see to or make any inquiry concerning proper application
of any funds or properly paid or delivered to Buyer. Any act or thing lawfully done hereunder by Buyer, as attorney-in-fact, shall
be binding upon Seller, its successors and assigns.

 

    	14

    	 

    

 

IN
WITNESS WHEREOF, the undersigned has caused this instrument to be executed in Chicago. Illinois
this 23rd day of  December, 2014.

 

	 	MW
    Business credit, LLC
	 	 	 
	 	By:	/s/
    Timothy D. Bellcourt
	 	Name:	Timothy
    D. Bellcourt
	 	Title:	Manager

 

STATE
OF ILLINOIS

 

COUNTY
Of COOK

 

On
                   , 2014.
before me____________, a Notary Public, personally appeared Timothy Bellcourt, personally known to me or proved to me on the basis
of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed
the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which
the person acted, executed the instrument.

 

Witness
my hand and official seal.

 

	 	 
	 	Notary
    Public
	 	My Commission
    expires:                        

  

    	15

    	 

    

 

Exhibit
G

 

NOTICE
OF ASSIGNMENT OF LOANS

 

____________,
2014

 

[BORROWER]

[Borrower
Address]

 

		Re:	[Revolving
                                         Credit and Term Loans] from Midwest Business Credit, LLC n/k/a MW Business Credit, LLC
                                         to [BORROWER]

 

Dear Ladies
and Gentlemen:

 

Notice
is hereby given that Midwest Business Credit, LLC n/k/a MW Business Credit, LLC has sold and assigned all of its right, title
and interest, as Lender, in and to the above referenced Loans (together with all collateral and proceeds related thereto) to Midwest
Business Credit, Inc. pursuant to the Asset Purchase Agreement of even date herewith by and between Midwest Business Credit, LLC
n/k/a MW Business Credit, LLC and Midwest Business Credit, Inc. Such sale and assignment is effective on and after                       ,
2014.

 

Until
you receive contrary instructions from Midwest Business Credit, Inc., you should send all loan payments to:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

ABA:

For
credit to Midwest Business Credit, Inc.

Account
No.:

Re:
[BORROWER]

 

All
checks should be made payable to Midwest Business Credit, Inc. Any questions that you may have should be directed to:

 

Midwest
Business Credit, Inc.

Attention:
Gary A. Rosenberg 

Telephone:
312-498-0301

Telecopy:

 

No
further checks relating to the Loans should be made payable to Midwest Business Credit, LLC, but rather should be made payable
to Midwest Business Credit, Inc. All loan servicing requests or questions should be directed to Midwest Business Credit, Inc.
as set forth above. Any change in any of the above instructions can only be made by Midwest Business Credit, Inc.

 

    	16

    	 

    

 

Midwest
Business Credit, Inc. looks forward to continuing the relationship by serving your financial needs.

 

	 	Very
    truly yours,
	 	 
	 	MW
    Business Credit, LLC
	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 

 

    	17

    	 

    

 

SCHEDULE
1.1(a)

 

TANGIBLE
ASSETS USED IN BUSINESS

 

FURNITURE

 

	 	●	3
                                         L-Shape desks
	 	 	 
		●	3
                                         Hutch with two drawer lateral file
	 	 	 
		●	1
                                         Credenza
	 	 	 
		●	1
                                         Leather love seat
	 	 	 
		●	2
                                         Leather guest chairs
	 	 	 
		●	1
                                         Computer table
	 	 	 
		●	1
                                         Coffee table
	 	 	 
		●	1
                                         Conference table
	 	 	 
		●	8
                                         Side chairs
	 	 	 
		●	5
                                         Non-matching desk chairs
	 	 	 
		●	7
                                         Five high lateral file cabinets
	 	 	 
	 	●	1
                                         Fire proof file cabinet
	 	 	 
	 	●	2
                                         Two drawer lateral files
	 	 	 
	 	●	2
                                         Storage racks
	 	 	 
	 	●	1
                                         Book case
	 	 	 
	 	●	1
                                         Two door storage cabinet

 

ELECTRONIC
EQUIPMENT/SOFTWARE

  

		●	Six
                                         desk top computer
	 	 	 
		●	One
                                         fax/printer/copier (Brother)
	 	 	 
		●	William
                                         Stucky & Associates software and related license
	 	 	 
		●	Quick
                                         Books software and related license

 

OTHER

 

		●	One
                                         Under Counter Refrigerator
	 	 	 
		●	One
                                         microwave
	 	 	 
		●	Miscellaneous
                                         office supplies

 

    	18

    	 

    

 

SCHEDULE
1.1(e)

 

LOANS

 

		1.	Bevel
                                         Granite Company with approximate outstanding balance of $700,000;
	 	 	 
		2.	Q
                                         Lotus Holdings, Inc. with approximate outstanding balance of $478,000; and
	 	 	 
		3.	Q
                                         Lotus Holdings, Inc. with approximate outstanding balance of $164,000.

 

END
OF SCHEDULE

 

    	19

    	 

    

 

SCHEDULE
1.2(a)

 

EXCLUDED
ASSETS

 

BOOKS
& RECORDS

 

		●	All
                                         books and records related to Seller’s organization and structure, including, without
                                         limitation, Seller’s corporate book, etc.
	 	 	 
		●	All
                                         books and records related to the financing of Seller’s business operations.
	 	 	 
		●	All
                                         records of the Business related to Seller’s accounts payable.
	 	 	 
	 	●	All
                                         records related to any Excluded Assets.

 

OTHER (Personal Property of Timothy
Bellcourt)

 

		●	Flat
                                         Screen TV and Stereo System
	 	 	 
		●	All
                                         art work
	 	 	 
		●	All
                                         plants

 

    	20

    	 

    

 

SCHEDULE
1.5

 

ASSUMED
LIABILITIES

 

		1.	All
                                         liabilities and obligations of Seller related to, associated with or in respect of any
                                         of the Loans.
	 	 	 
		2.	All
                                         liabilities and obligations of Seller related to the Lease.
	 	 	 
		3.	All
                                         liabilities and obligations of Seller related to that certain William Stucky & Associates
                                         software for the Business, including, without limitation, a quarterly maintenance fee.
	 	 	 
		4.	All
                                         liabilities and obligations of Seller related to that certain midwestbusinesscredit.com
                                         Internet domain name.
	 	 	 
		5.	All
                                         liabilities and obligations of Seller related to that certain 630-548-4601 telephone
                                         number (and related rollover lines) and 630-548-2755 facsimile number.
	 	 	 
		6.	All
                                         liabilities and obligations of Seller associated with the lease by Seller of a telephone
                                         system for the Business.

 

    	21

    	 

    

 

SCHEDULE
1.6

 

ALLOCATION
OF PURCHASE PRICE

 

1. Loans:
$1,342,000.00 less a discount of $150,000.00 = $1,192,000; and

 

2. Assets
referenced in Section 1.1(a) to (h) except Loans - $600,000

 

    	22

    	 

    

 

SCHEDULE
2.4

 

REQUIRED
CONSENTS AND APPROVALS

 

Approval
of the members of Seller as set forth in Section 2.2 of the Agreement.

 

    	23

    	 

    

 

SCHEDULE
2.10

 

SELLER’S
LITIGATION SCHEDULE

 

None.

 

    	24

    	 

    

 

SCHEDULE
2.11

 

LIST
OF MATERIAL CONTRACTS

 

1.
All loan/credit agreements between Seller and the borrowers set forth on Schedule 1.1(e) and all agreements and documents
related thereto.*

 

2.
The Lease.*

 

3.
Unsecured promissory notes of Seller and all agreements and documents related thereto with the following with an outstanding
approximate balance as of 12/1/14 of:

 

	A. Husain	 	$	300,000.00	 
	NI	 	$	81,000.00	 
	F. Husain	 	$	45,229.84	 
	M. Husain	 	$	961,000.00	 
	MS Enterprises	 	$	1,047,000.00	 
	Main Street Partnership	 	$	670,000.00	 
	R. Witt	 	$	110,000.00	 
	S. Westfield	 	$	15,000.00	 
	T. Bellcourt	 	$	242,000.00	 
	TNT	 	$	144,143.23	 
	U. P	 	$	100,000.00	 
	Total Notes	 	$	3,714,373.07	 

 

* = Assumed
by Buyer

 

    	25

    	 

    

 

SCHEDULE
2.12(a)

 

LIST
OF UNION EMPLOYEES

 

None.

 

    	26

    	 

    

  

SCHEDULE
2.12(b)

 

LIST
OF OTHER EMPLOYEES

 

		1.	Timothy
                                         Bellcourt
	 	 	 
		2.	Linda
                                         Canino

 

    	27

    	 

    

  

SCHEDULE
2.12(c)

 

SELLER’S
EMPLOYEE PLANS

 

None.

 

    	28EXHIBIT 10.57

 

REAL
ESTATE PURCHASE 

CONTRACT

 

This
REAL ESTATE PURCHASE CONTRACT (the “Contract”), is dated December , 2014 (the “Effective Date”), by and
between Q LOTUS, INC., a Nevada corporation (the “Purchaser”) and LAKE ZURICH CENTER, LLC, an Illinois limited liability
company (the “Seller”). The “Effective Date” shall be the date upon which this Contract is accepted by
Seller.

 

R
E C I T A L S

 

A.
Seller is the owner of a certain parcel of land commonly known as 35 West Main Street, Lake Zurich, Lake County, Illinois and
legally described in Exhibit A, (the “Property”).

 

B.
Seller desires to sell the Property to Purchaser, and Purchaser desires to purchase the Property subject to the terms and conditions
of this Contract. This Contract is the entire agreement between the Seller and Purchaser, and there are no prior, or contemporaneous,
oral or written agreements existing between the parties.

 

NOW
THEREFORE, in consideration of the foregoing and of the mutual representations, agreements and undertakings contained hereinafter,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller and Purchaser
agree as follows.

 

1.
Purchase and Sale. The sale of the Property shall include the following:

 

A.
  Easements.  All easements, if any, benefiting the Property;

 

B.
  Rights and Appurtenances. All rights and appurtenances pertaining to the Property, if any, including any right,
title and interest of Seller, if any, in and to adjacent streets, alleys or rights of way;

 

C.
  Improvements. All improvements (the “Improvements”) in and on the Property;

 

D.
  Tangible Personal Property. All of Seller’s rights, title and interest in all appliances, fixtures, equipment,
machinery, furniture, carpeting, drapes and other personal property, if any, located on or about the Property and any Improvements;
and,

 

E.
  Intangible Personal Property. All of Seller’s rights, title and interest in and to any development right,
governmental approvals and permits of any kind and any intellectual property related to the Property.

 

    	1

    	 

    

 

2.
Purchase Price. Purchaser shall pay ONE MILLION FIVE HUNDRED THOUSAND AND N0/100 DOLLARS ($1,500,000.00) (“Purchase
Price”) for the Property, as follows:

 

A.
  FORTY THOUSAND AND N0/100 DOLLARS ($40,000.00) (the “Earnest Money”) to be deposited upon
execution of this Contract by Purchaser with a title insurance company to be selected by the Seller (the “Escrowce”
and the “Title Insurer”). Said Earnest Money shall be held by the Escrowee pursuant to the terms of its
standard strict joint order escrow instructions. The cost of the escrow shall be paid by the Purchaser. If Purchaser elects the
Earnest Money to be deposited into an interest bearing account for the mutual benefit of the parties, with interest payable to
the Purchaser at Closing, then Purchaser shall bear the cost charged by Escrowee for investing the funds;

 

B.
  ONE MILLION FOUR HUNDRED SIXTY THOUSAND AND 00/100 DOLLARS ($1,460,000.00), shall be paid by Purchaser following
closing and evidenced by a Note dated December 1,2014 and Mortgage (the form of which shall be agreed upon within fourteen (14)
days following the date hereof) that shall be issued to Seller at Closing.

 

3.
Title Insurance and Survey.

 

A.
        Purchaser shall, at Purchaser’s expense, secure a commitment for an ALTA
owners form of title insurance policy (the “Title Commitment”) issued by the Title Insurer in the amount of
the Purchase Price with extended coverage showing Purchaser as the proposed insured subject only to Permitted Exceptions (hereinafter
defined), and acts done or suffered by or judgments against Purchaser, but with extended coverage as to the general exceptions
otherwise contained in said form of title insurance policy.

 

B.
         Within five (5) days following the date on which Purchaser receives the
Commitment, Purchaser shall deliver to Seller written notice of any objection to those exceptions, other than Permitted Exceptions,
to which Purchaser objects (collectively, the "Unpermitted Exceptions"). If Purchaser fails to deliver that notice of
objection to Seller within said five (5) day period, Purchaser shall be deemed to have waived its right to object to any exceptions
not included in the Permitted Exceptions, and any exceptions not so objected to by Purchaser shall hereafter be deemed a Permitted
Exception. In the event the Purchaser sends notice of Unpermitted Exceptions, Seller shall notify Purchaser within five (5) days
following the date of Purchaser's notice of the objection that the Unpermitted Exceptions will be removed from the Commitment
or insured over by the title company pursuant to an                to
the                     or
(ii) that has                not to, or has failed
to, have the Unpermitted Exceptions removed or insured over by the title company. If Seller notifies Purchaser that Seller has
chosen not to, or has failed to, have the Unpermitted Exceptions removed or insured over within the five (5) day period, Purchaser
may elect either to terminate this Contract, in which event the Earnest Money shall be retained by Seller, and neither party will
have any further obligations under this Contract, or to take title as it then is, which election must be made within five (5)
days following the expiration of the five (5) day period. If Purchaser makes no election or firmly elects to take the title as
is, then (i) the Purchaser shall be deemed to have agreed to accept the title as disclosed in the Commitment without any reduction
of Purchase Price; (ii) all Unpermitted Exceptions not removed from the Commitment will thenceforth be deemed Permitted Title
Exceptions, and (iii) this Contract shall remain in full force and effect. Anything to the contrary in this Contract notwithstanding,
Seller shall have no affirmative obligations hereunder to expend any funds or incur any liabilities in order to cause any title
exceptions to be removed from the Commitment or insured over.

 

    	2

    	 

    

 

4.
Seller’s Representations and Warranties.Seller represents and warrants to Purchaser as follows:

 

A.
   Organization. Seller is a limited liability company, organized, validly existing and in good standing
under the laws of the State of Illinois, and is qualified to transact business in the State of Illinois. Seller has the full power
to enter into and execute this Contract and to own and operate its respective property and to carry on its business in the place
where such property is now owned and operated and where such business is now conducted.

 

B.
   Authorization; Enforceability. The execution, delivery and performance of this Contract and all of the
documents and instruments required hereby to be executed and delivered by Seller is within the partnership power of the Seller
and has been duly authorized by Seller. All persons executing this Contract and all corresponding closing documentation are incumbent
in the offices which such officers purport to hold. This Contract is and the other documents and instruments required will be,
when executed and delivered by Seller, the valid and binding obligations of Seller, enforceable against Seller in accordance with
its respective terms subject only to bankruptcy, insolvency, reorganization, moratoriums or similar laws in effect affecting the
enforceability or rights of creditors generally and to general equitable principles which may limit the right to obtain equitable
relief.

 

C.
   Contracts. There are no contracts for services at the Property that will survive Closing, and Seller
has received no written notice that any event of default exists under any contracts or that any event has occurred under any contracts;

 

D.
   Real Property.

 

(i)           Seller
has not received any written notice of any default or breach by such Seller under any covenants, conditions, restrictions, rights-of-way
or easements affecting the Property or any portion thereof;

 

(ii)          Seller
has not received written notice that either the whole or any portion of the Property, including access thereto or any easement
benefiting the Property, is subject to temporary requisition of use governmental authority or has been condemned, or taken in
any proceeding similar to a condemnation proceeding, nor is there now pending any condemnation, expropriation, requisition or
similar proceeding against the Property or any portion thereof. Seller has not received any notice nor has any knowledge that
any such proceeding is contemplated;

 

    	3

    	 

    

  

(iii)         Seller
has received no written notice of any violation of rules, laws or regulations relating to zoning, building code, fire code, or
air; and

 

(iv)         Seller
has received no written notice that the Seller or the Property is in violation of any federal, state or local law, ordinance or
regulation relating to the environmental conditions on, under or about the Property. To Seller’s knowledge, the Property
is not now used for the generation, storage or disposal of, on, under or about the Property of any Hazardous Materials (hereinafter
defined), except as may be allowed by applicable governmental laws, rules and regulations governing the use of Hazardous Materials
at the Property. For purposes hereof, “Hazardous Materials” shall include those materials regulated by the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended, U.S.C. Sec. 9016 et seq., Superfund Amendment
and Re-Authorization Act of 1986 (SARA), 42 U.S.C. Sec. 9601 et seq., the Resource Conservation and Recovery Act, U.S.C.
Sec. 6901 et seq; Occupational Safety and Health Act of 1970; the Toxic Substance Control Act; the Solid Waste Disposal
Act; the Clean Air Act; the Clean Water Act; and the regulations adopted in publications promulgated pursuant to the above laws
and in any applicable state, county and city laws or ordinances and regulations.

 

5.
Purchaser’s Representations and Warranties. Purchaser represents and warrants to Seller as follows:

 

A.
Authorization. Purchaser has full power and authority to enter into this Agreement and perform his obligations hereunder
and carry out the transactions contemplated hereby. This Agreement, when executed, will constitute a legal, valid and binding
obligation of Purchaser enforceable against Purchaser in accordance with its terms.

 

B.
No Violation. The execution and delivery of this Agreement by Purchaser does not, and the consummation of the transactions
contemplated hereby will not, (a) violate any provision of, or result in the creation of any lien or security interest under,
any material contract or agreement to which Purchaser is a party or by which any of Purchaser’s assets or properties are
bound; (b) violate any order, arbitration award, judgment, writ, injunction, decree, statute, rule or regulation applicable to
Purchaser; or (c) violate any other contractual or legal obligation or restriction to which Purchaser is subject.

 

C.
Litigation. There is no litigation pending or, to Purchaser’s knowledge, threatened against Purchaser at law or in
equity or before any court, legislative or administrative tribunal or governmental agency which questions the validity of this
Agreement or which, if adversely determined or publicly disclosed, would have a material adverse effect on the business or operations
of Purchaser.

 

D.
Reliance on Own Advisors. Purchaser has relied completely on the advice of, or has consulted with, its own tax, investment,
legal or other advisors and has not relied on the Seller or

 

    	4

    	 

    

 

any of its respective affiliates,
officers, directors, attorneys, accountants or any affiliates of any thereof. Purchaser acknowledges that Seller is represented
by McCormick & Friman, LLC (“M&F”) in this transaction. The Parties acknowledge and agree that: (1) M&F
will act as legal counsel to the Seller with respect to this transaction and on other matters from time to time and may also represent
Purchaser, Smith or Cory Marie on matters separate and apart from this transaction from time to time; (2) the undersigned have
been advised by M&F that the interests of the parties may become opposed to each other; and (3) accordingly, M&F’s
representation of the parties may not at all times be in the best interests of each party. Notwithstanding the foregoing, the
undersigned: (1) desire M&F to represent Seller, Purchaser and the parties from time to time; (2) acknowledge that the parties
herein have been advised to retain separate counsel; (3) desire to have M&F represent Seller in connection with the Property
and this transaction, as well as the other parties from time to time on other matters; and (4) jointly and severally, forever
waive any claim that M&F’s representation of any of them in this transaction constitutes a conflict of interest which
has or may result in any of the parties hereto suffering damages, losses or other injury from the representation described herein.
In addition, in the event of an unanticipated dispute between the parties, M&F will not represent Seller, Purchaser or any
of you regarding the dispute.

 

	Agreed:	 	Agreed:
    	 	Agreed:	 	Agreed:
	 	 	 	 	Cory
    Marie Leasing, LLC	 	Lake
    Zurich Center, LLC
	 	 	 	 	 	 	 
			 		/s/
    Gary Rosenberg	 	By:	 	 	By:	 
	 	David
    Smith	 	 	Gary
    Rosenberg	 	 	Joshua
    Goldstein, Manager	 	 	Joshua
    Goldstein, Manager 

 

E.  
Capability to Evaluate. Purchaser has such knowledge and experience in financial and business matters so as to enable it
to utilize the information made available to it in connection with this Agreement in order to evaluate the merits and risks of
purchasing the Property, which are substantial.

 

F.  
Due Diligence. Purchaser, in making the decision to purchase has received and had an
opportunity to review the Seller’s books and records, including financial statements and such other information as deemed
necessary and has had full access to all the information they consider necessary or appropriate to make an informed decision to
purchase.

 

G.
  Inspection of the Property. Purchaser, in making the decision to purchase
has received and had an opportunity to inspect the Property, conduct such tests and investigations as Purchaser deems appropriate
and review such other information as deemed necessary and has had full access to all the Property and information they consider
necessary or appropriate to make an informed decision to purchase.

 

    	5

    	 

    

 

any of its respective affiliates,
officers, directors, attorneys, accountants or any affiliates of any thereof. Purchaser acknowledges that Seller is represented
by McCormick & Friman, LLC (“M&F”) in this transaction. The Parties acknowledge and agree that: (1) M&F
will act as legal counsel to the Seller with respect to this transaction and on other matters from time to time and may also represent
Purchaser, Smith or Cory Marie on matters separate and apart from this transaction from time to time; (2) the undersigned have
been advised by M&F that the interests of the parties may become opposed to each other; and (3) accordingly, M&F’s
representation of the parties may not at all times be in the best interests of each party. Notwithstanding the foregoing, the
undersigned: (1) desire M&F to represent Seller, Purchaser and the parties from time to time; (2) acknowledge that the parties
herein have been advised to retain separate counsel; (3) desire to have M&F represent Seller in connection with the Property
and this transaction, as well as the other parties from time to time on other matters; and (4) jointly and severally, forever
waive any claim that M&F’s representation of any of them in this transaction constitutes a conflict of interest which
has or may result in any of the parties hereto suffering damages, losses or other injury from the representation described herein.
In addition, in the event of an unanticipated dispute between the parties, M&F will not represent Seller, Purchaser or any
of you regarding the dispute.

 

	Agreed:	 	Agreed:
    	 	Agreed:	 	Agreed:
	 	 	 	 	Cory
    Marie Leasing, LLC	 	Lake
    Zurich Center, LLC
	 	 	 	 	 	 	 
		 /s/
    David Smith	 			 	By:	 /s/
    Joshua Goldstein	 	By:	 /s/
    Joshua Goldstein
	 	David
    Smith	 	 	Gary
    Rosenberg	 	 	Joshua
    Goldstein, Manager	 	 	Joshua
    Goldstein, Manager 

 

E.  
Capability to Evaluate. Purchaser has such knowledge and experience in financial and business matters so as to enable it
to utilize the information made available to it in connection with this Agreement in order to evaluate the merits and risks of
purchasing the Property, which are substantial.

 

F.  
Due Diligence. Purchaser, in making the decision to purchase has received and had an
opportunity to review the Seller’s books and records, including financial statements and such other information as deemed
necessary and has had full access to all the information they consider necessary or appropriate to make an informed decision to
purchase.

 

G.
  Inspection of the Property. Purchaser, in making the decision to purchase
has received and had an opportunity to inspect the Property, conduct such tests and investigations as Purchaser deems appropriate
and review such other information as deemed necessary and has had full access to all the Property and information they consider
necessary or appropriate to make an informed decision to purchase.

 

    	6

    	 

    

 

EXCEPT
AS SET FORTH HEREIN, PURCHASER ACKNOWLEDGES AND AGREES THAT SELLER HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS
ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS
OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, As To, CONCERNING OR WITH RESPECT To (A) THE VALUE, NATURE, QUALITY
OR CONDITION OF THE PROPERTY, INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL AND GEOLOGY, (B) THE COMPLIANCE OF OR BY THE PROPERTY
OR ITS OPERATION WITH ANY LAWS, RULES, ORDINANCES OR REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR BODY, (C) THE HABITABILITY,
MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, (F) THE MANNER OR QUALITY OF
THE CONSTRUCTION OR MATERIALS, IF ANY, INCORPORATED INTO THE PROPERTY, (D) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR
OF THE PROPERTY, (E) COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS,
INCLUDING THE EXISTENCE IN OR ON THE PROPERTY OF HAZARDOUS MATERIALS OR (F) ANY OTHER MATTER WITH RESPECT To THE PROPERTY.

 

EXCEPT
AS SET FORTH HEREIN, THE SALE OF THE PROPERTY As PROVIDED FOR HEREIN Is MADE ON AN “As Is” “WHERE Is”
CONDITION AND BASIS WITH ALL FAULTS.

 

6.
Closing  The closing of the Contract (“Closing Date”) shall occur on or about December 16, 2014.
The Purchaser and Seller shall pay the customary closing costs of the Title Company, which are customarily attributable to Purchasers
and Sellers. Seller shall also provide the necessary State and County real estate transfer tax declarations required to close
the transaction, and Seller shall pay the State and County Transfer taxes due and payable on the closing of the transaction. The
party required by local ordinances shall pay the transfer taxes, if any. The Closing shall take place at the Title Company in
accordance with the general provisions of the usual form of “New York Style” Deed and Money Escrow Agreement then
in use by the Title Company, with such special provisions inserted in the escrow agreement as may be required to conform with
this Agreement (“Escrow”). Upon the creation of the Escrow, anything herein to the contrary notwithstanding, payment
of the Purchase Price and delivery of the Deed (as hereinafter defined) and other documents to be delivered pursuant to below,
shall be made through the Escrow. Seller and Purchaser (if required) shall execute gap undertakings in the form required by the
Title Company in order to close by a “New York Style” closing. The cost of any such Escrow shall be borne by Purchaser.
Possession of the Property shall be delivered to Purchaser on the Closing Date

 

Closing
Date Deliveries. At the Closing on the Closing Date

 

Seller,
at its expense, shall deliver to Escrowee, or otherwise make available to Purchaser, the following:

 

    	7

    	 

    

 

(a)
a Bill of Sale, conveying any personal property found on the Property to Purchaser;

 

(b)
a Special Warranty Deed to Purchaser conveying fee simple title to the Property to the Purchaser, subject only to building
lines and building and use restrictions of record; zoning and building ordinances; roads and highways, if any; covenants, conditions
and restrictions of record, none of which provide for reverter, nor restrict the present use of the Property as a medical office
building; and acts of Purchaser (“Permitted Exceptions”);

 

(c)
keys to all entrance doors to, and equipment and utilities rooms located in the Property;

 

(d)
an Assignment of Rights from Seller transferring all rights, title and interest in and to any development rights, governmental
approvals and permits of any kind and any intellectual property related to the Property to the Purchaser; and,

 

(e)
all other documents necessary or appropriate to complete the transaction contemplated by this Contract;

 

(ii)
Purchaser shall deliver, or cause to be delivered to Seller, properly executed and dated as of the Closing Date:

 

(a)
a certificate of the vote of the Board of Directors of the Purchaser, authorizing and approving this Contract and the consummation
of the transactions consummated hereby;

 

(b)
a certificate of legal existence and corporate good standing of Purchaser, issued by the Secretary of State, State of Nevada;
and

 

(c)
all other documents necessary or appropriate to complete the transaction contemplated by this Contract.

 

B.    Adjustments
and Payments. Seller shall cause any service and management contracts pertaining to the Property, if any, to be terminated as
of Closing and shall pay all charges for such contracts through the date of Closing. The general real estate taxes and
other similar items for 2014 (payable in 2015) shall be paid by Purchaser. Seller shall provide a credit to Purchaser for the
2014 real estate                   prorated                                             
at 1                   most recently
ascertainable tax bill.

  

    	8

    	 

    

  

Purchase
As-Is.Except for the limited representations and warranties exp statedthis Contract, Purchaser acknowledges and agrees
that Seller has not made, and is not making, any representation, statement, warranty, or promise to Purchaser about the Property,
including, but not limited to, the physical aspects and condition of any portion of the Property, the condition of the soil on
the Property, the presence or absence of toxic wastes, hazardous materials, pollutants of any type, oil or petroleum products,
asbestos, or PCBs, the feasibility, the desirability, suitability, fitness, or adaptability of any of the Property for any particular
use, the assessments, fees, or charges that may be assessed by any district, taxing authority, or governmental or quasi governmental
entities, the value of the Property, or the projected income or expenses for any of the Property. During the Inspection Period,
Purchaser shall have the opportunity to conduct a physical investigation of the Property and such other investigation as it deems
necessary or appropriate. Except for the limited representations and warranties expressly stated in this Contract, Purchaser is
purchasing the Property in an “AS IS, WHERE IS, WITH ALL FAULTS” physical condition and in an “AS IS, WHERE
IS, WITH ALL FAULTS” state of repair. EXCEPT FOR THE LIMITED REPRESENTATIONS AND WARRANTIES EXPRESSLY STATED IN THIS CONTRACT,
PURCHASER HEREBY WAIVES, AND SELLER HEREBY DISCLAIMS, ALL WARRANTIES OF ANY TYPE OR KIND WHATSOEVER AS TO THE SUBJECT PROPERTY,
EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THOSE OF FITNESS FOR A PARTICULAR PURPOSE, TENANTABILITY, HABITABILITY, AND
USE. Except as set forth herein, Purchaser expressly waives, and releases Seller from, any claim it may now or hereafter have
against Seller arising from the physical condition of the Property, including, without limitation, any encroachments onto the
Property or from the Property onto other real estate.

 

8.
Destruction or Damage Prior to Closing.

 

If,
prior to Closing, the Property is destroyed or damaged, and the cost to repair, restore or replace such destruction, damage or
taking is in excess of 10% of the Purchase Price to repair (as determined by an insurance adjuster selected by the Seller's insurance
carrier), the Purchaser shall have the option, which must be exercised within ten (10) days after its receipt of written notice
from Seller advising of such destruction or damage (which Seller hereby agrees to give), to terminate this Contract or to proceed
with the Closing in the amount of the Purchase Price, or such other price as; adjusted for the damage or loss, as agreed upon
the Purchaser and Seller. Based on the Purchaser’s option to terminate or proceed as set forth above, if Purchaser elects
to terminate this Contract, the Earnest Money shall be returned to Purchaser and neither party shall have any further rights,
duties, or obligations hereunder, except as otherwise provided herein. However, if Purchaser elects to proceed with Closing, Purchaser
and Seller shall be obligated to proceed with Closing, and Purchaser shall be entitled to any and all insurance proceeds payable
as a result of such damage or destruction and, to the extent the same may be necessary or appropriate, Seller shall assign to
Purchaser at Closing Seller’s rights to such proceeds. If the damage is less than 10% of the Purchase Price, Seller shall
                                                                 damage
or taking which is up to 10% of the property’s purchase price; and if the repair(s) for such damage or loss exceed 45 days,
Purchaser shall have the option to terminate the Contract in accordance with the terms of this paragraph.

 

9.
Default, Remedies and Termination. The failure of either party to deliver any document or information or to perform any duty,
obligation, covenant or agreement required hereunder on or before the time specified herein shall be a default by such party.
The finding that any statement, representation or warranty stated herein is untrue in any material respect shall be a default
by the party making such representation or warranty.

 

    	9

    	 

    

  

A.     In
the event of any material default in the performance by Purchaser of its obligations hereunder at the time required herein, which,
if curable by the payment of money, remains uncured for three (3) business days after notice thereof is given to Purchaser, or,
if curable by other performance, remains uncured for 7 days after notice thereof is given to Purchaser, Seller may elect, upon
notice to Purchaser, to terminate this Contract. In the event of such termination, and provided Seller has not defaulted hereunder,
Seller shall retain any Earnest Money or other funds deposited by Purchaser hereunder, and Purchasers shall be reimbursed for
all reasonable out-of-pocket expenses and attorneys’ fees incurred by Purchaser in connection with its proposed acquisition
of the Property. Said retained funds and reimbursement shall constitute liquidated damages (and not as a penalty) as to Purchaser’s
failure to complete the purchase of the Property as provided in this Contract.

 

B.
     In the event of any material default in the performance by Seller of its obligations hereunder at
the time required herein, which, if curable by the payment of money, remains uncured for three (3) business days after notice
thereof is given to Seller, or, if curable by other performance, remains uncured for 14 days after notice thereof is given to
Seller, Purchaser may elect to terminate this Contract and receive a refund of all Earnest Money or other funds deposited or paid
by Purchaser hereunder as its sole and exclusive remedy.

 

C.     Tender
of deed, Purchase Price or possession or other performance by the appropriate party shall not be necessary after a notice of termination
has been given by one party hereto to the other party.

 

D.     If
any action is brought by one party to this Contract against the other party to enforce the provisions hereof the party prevailing
in such cause of action shall be entitled to receive its court costs and reasonable attorneys’ fees incurred by reason of
such litigation from the non prevailing party.

 

E.     In
the event this Contract is terminated other than by reason of a default by Purchaser, all Earnest Money shall be returned to Purchaser.

 

10.
Brokers. Each party represents and warrants to the other that it has had no dealings with any real estate
broker or agent connection with Contract, and that it no real estate broker or agent who is or might be entitled to a commission
in connection with this Contract. Each party agrees to protect, defend, indemnify and hold the other and its officers, directors,
partners, members, managers, agents and employees and their respective successors and assigns harmless from, and against any and
all claims inconsistent with the foregoing representations and warranties for any brokerage, finders or similar fee or commission
in connection with this Contract, if such claims are based on or relate to any act of the indemnifying party which is contrary
to the foregoing representations and warranties.

 

    	10

    	 

    

  

11.
Survival. Except for Purchaser’s indemnification of Seller pursuant to the Inspection provisions, the agreements,
representations and covenants contained in this Contract, or any amendment or supplement thereto, shall not survive the termination
of this Contract and shall merge with the deed upon the Closing.

 

12.
Notices. All notices and demands required to be given hereunder, except any notices required to exercise the right
of access to and inspection of the Property, shall be in writing. The delivery of a notice to the party or their respective attorneys,
on behalf of that party, shall be effective at the time of delivery. The mailing of notice by first class mail; confirmed by facsimile
transmission (“fax”); or Federal Express (or similar overnight carrier) to the party to whom it is directed, shall
also be deemed to be sufficient notice. Notice shall be deemed given: (a) if mailed, two business days after the date of deposit
in the U.S. Mail in the form and manner herein required; (b) if by fax, then upon such date the notice is transmitted by telephone
and confirmed by sender’s fax machine; and (c) if by overnight carrier, or by other means, upon the date of actual receipt,
shall be addressed as follows:

 

	 	If
    to Purchaser: and to:	Q
    Lotus, Inc.
	 	 	20
    North Wacker Drive, Suite 4120
	 	 	Chicago,
    Illinois 60606 Attention: Gary A. Rosenberg
	 	 	 
	 	If
    to Seller:	Lake
    Zurich Center, LLC
	 	 	c/o
    Cory Marie Leasing, LLC
	 	 	4
    Executive Boulevard, Suite 200 Suffern, New York 10901 Attention: Joshua Goldstein

 

14.
Miscellaneous.

 

A.
This Contract shall be governed by and Construed according to the laws of the State of Illinois.

 

B.
Any Exhibits or Riders attached to this Contract are made a part of and incorporated into this Contract by reference,

 

C.
Time is of the essence of this Contract.

 

    	11

    	 

    

 

D.  
The Uniform Vendor and Purchaser Risk Act shall apply to this Contract only to the extent consistent with the terms hereof.

 

E.
   The terms “Purchaser” and “Seller” are used in this
Contract as if neuter in gender and singular in number, but shall be deemed to be feminine, masculine and/or plural if such be
the case.

 

F.
   The rights of Purchaser under this Contract cannot be assigned in whole or
in part without the prior written consent of Seller. This Contract shall be binding upon and shall inure to the benefit of the
parties hereto, their respective heirs, devisees, personal representatives, successors and permitted assigns.

 

G.
   This Contract and the matters expressly referred to herein constitute the entire
agreement between the parties. All amendments and supplements hereto, if any, shall be in writing and executed by both parties.
For the purposes of amending this Contract, however, any document executed after the effective date hereof by a party hereto and
transmitted to the other party hereto by fax as provided hereinabove in Paragraph 13, may be relied upon by the receiving party,
shall for the purposes of this Contract be considered, and shall have the same binding legal effect, as an original document executed
by the transmitting party.

 

H.
  The captions and headings stated herein are for convenience only and shall not be used to limit or construe the provisions
of this Contract.

 

I.
  OFAC Certification. Seller and Purchaser each represent to the other
that it is, and will be throughout the term of this Contract, in compliance with all applicable anti-money laundering laws, including,
without limitation, the USA Patriot Act, and the laws administered by the United States Treasury Department’s Office of
Foreign Assets Control, including, without limitation, Executive Order 13224 (“Executive Order”). Seller and Purchaser
each further represent to the other (i) that it is not, and it is not owned or controlled directly or indirectly by any person
or entity, on the SDN List published by the United States Treasury Department’s Office of Foreign Assets Control and (ii)
that it is not a person otherwise identified by government or legal authority as a person with whom a U.S. Person is prohibited
from transacting business.

 

J.
  Any reference in this Contract to “business day” or “business days” shall be defined as Monday
through Friday, excluding Legal holidays, 8:00 am to 5:00 pm central standard time. Whenever under the terms of this Contract
the time for performance falls on a Saturday, Sunday or legal holiday (as defined in 205 ILCS 630/17) such time for performance
will be on the next day that is not a Saturday, Sunday or legal holiday. In counting any period of time pursuant to this Contact,
the day of the act or event from which the designated period of time begins to run will not be included.

 

    	12

    	 

    

 

K.  
This Contract may be executed in multiple counterparts, which counterparts when considered together shall constitute a single,
binding, valid and enforceable agreement. For purposes hereof, electronically or facsimile transmitted signatures shall be deemed
original signatures.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Contract as of the date set forth below their respective signatures.

 

	PURCHASER:	 	SELLER:
	 	 	 	 	 
	Q
    LOTUS, INC., a Nevada corporation	 	LAKE
    ZURICH CENTER, LLC, an
	 	 	 	Illinois
    limited liability company
	 	 	 	 	 
	By: 		 	By: 	/s/
    Joshua Goldstein
	 	 	 	 	 
	Name: 		 	Name:	Joshua
    Goldstein
	 	 	 	 	 
	Its: 		 	Its:	Manager
	 	 	 	 	 
	Dated: 		 	Dated:	12/8/14

 

    	13

    	 

    

 

K.  
This Contract may be executed in multiple counterparts, which counterparts when considered together shall constitute a single,
binding, valid and enforceable agreement. For purposes hereof, electronically or facsimile transmitted signatures shall be deemed
original signatures.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Contract as of the date set forth below their respective signatures.

 

	PURCHASER:	 	SELLER:
	 	 	 	 	 
	Q
    LOTUS, INC., a Nevada corporation	 	LAKE
    ZURICH CENTER, LLC, an
	 	 	 	Illinois
    limited liability company
	 	 	 	 	 
	By: 	/s/
    Gary Rosenberg	 	By: 	
	 	 	 	 	 
	Name: 	Gary
    Rosenberg	 	Name:	
	 	 	 	 	 
	Its: 	Chairman
    & CEO	 	Its:	
	 	 	 	 	 
	Dated: 	12/08/14	 	Dated:	

 

    	14

    	 

    

 

EXHIBIT
A

 

LEGAL
DESCRIPTION

 

Parcel
1:

 

That
part of Lots 1 and 2 described as follows, to wit: Commencing at a point on the Northwesterly line of said Lot 1, which is 38
feet Northeasterly of the most Westerly corner of said Lot 1, thence South Westerly parallel
with the Southwesterly line of said Lot 1, 110.5 feet; thence North Easterly to a
point on the Northeasterly line of said Lot 2, which is 133.85 feet Northwesterly of the most Easterly corner of Lot 3; thence
Northwesterly along the Northeasterly line of said Lot 2 to the most Northerly corner thereof; and thence Southwesterly along
the Northwesterly line of said Lots 1 and 2 to the place of beginning, in F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PARK,
being a subdivision of part of the Northwest quarter of the Northeast quarter and the Northeast quarter of the Northwest quarter
of Section 20, Township 43 North, Range 10 East of the 3rd P.M., according to the plat thereof, recorded October 19, 1907, as
Document 114276, in Book “G” of Plats, page 89, in Lake County. Illinois.

 

Parcel
2:

 

A
part of Lot 1 in F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PART, being a subdivision of part of the Northwest quarter of
the Northeast quarter and Northeast quarter of the Northwest quarter of Section 20, Township 43 North Range 10, East of the 3rd
P.M., according to the plat thereof, recorded October 19, 1907, as Document 114276 in Book “G” of Plats, page 89 described
as follows, to wit;

 

Beginning
at a point on the Northwesterly line of said Lot 1, 35 feet Northeasterly of the Most Westerly corner of said Lot 1; thence Southeasterly
parallel to the Southwesterly line of said Lot 1, 115 feet; thence Northeasterly, parallel to the Northwesterly line of said Lot
1, 3 feet; thence Northwesterly parallel to the Southwesterly line of said Lot 1, 115 feet to the Northwesterly line of said Lot
1; thence Southwesterly along the Northwesterly line of said Lot 1, 3 feet to the point of beginning.

 

Parcel
3:

 

That
part of Park Avenue in F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PARK, according to the Plat thereof recorded October 19,
1907 as document 114276 in Book “G” of Plats, page 89, described as follows:

 

Beginning
at a point on the Southeasterly line of Main Street (formerly Robertson Avenue) extended straight Southwesterly 0.28 feet from
the point of intersection of said Southeasterly line of Main Street and the Northeasterly line of said Park Avenue (said point
of intersection being the most Westerly corner of Lot 1 in aforementioned F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PARK);
thence Northeasterly along the aforesaid extended Southeasterly line of Main Street 0.28 feet to said point of intersection; thence
Southeasterly along said Northeasterly line of Park Avenue (being also the Southwesterly line of said Lot 1 in F.H. KUEBKER’S
FIRST ADDITION TO PROSPECT PARK) 117.00 feet; thence Southwesterly along a line perpendicular to said Northeasterly line of Park
Avenue 0.28 feet; thence Northwesterly along a straight line 117.00 feet, more or less, to the point of beginning, in Lake County,
Illinois.

 

    	15

    	 

    

 

Parcel
4:

 

Lot
16 except the part thereof described as follows: Commencing at the most Easterly corner of said Lot; thence North Westerly along
the North Easterly line of said Lot, 66 feet; thence South Westerly to the most Westerly corner of said Lot; thence South Easterly
along the South Westerly line of said Lot to the most Southerly corner thereof; thence North Easterly along the South Easterly
line of said Lot to the point of beginning and all of Lots 17, 18 and 19 in F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PARK,
being a subdivision of part of the North half of Section 20, Township 43 North, Range 10 East of the 3rd P.M., according to the
plat thereof, recorded October 19, 1907 in Book “G” of Plats, page 89, as Document 114276, in Lake County Illinois.

 

Parcel
5:

 

That
part of Lot One (1) in F.H. KUEBKER’S FIRST ADDITION TO PROSPECT PARK, being a subdivision of part of the North Half of
Section Twenty (20) Township Forty-three (43) North, Range Ten (10) East of the Third Principal Meridian, according to the Plat
thereof recorded October 19, 1907 as document #114276 in Book G of Plats, page 89, beginning at a point where the South line of
said Lot intersects with Robertson Avenue running thence Southeasterly along said South line 125 feet, thence Northeasterly on
a line parallel with Robertson Avenue 35 feet, thence Northwesterly on a line parallel with the South line of said Park Avenue
to the East line of Robertson Avenue, thence South upon the West line of said Lot One (1) to the place of beginning, being a part
of said Lot One, measuring 35 feet on Robertson Avenue and 125 feet on Park Avenue, in Lake County, Illinois;

 

Excepting
therefrom the following: Beginning at a point on the Southwesterly line of said Lot 1, 117 feet from the most Westerly corner
of said Lot 1; thence 8 feet along the Southwesterly line of said Lot 1 to a point 125
feet from the most Westerly corner of said Lot 1; thence along a line parallel with the Northwesterly line of said Lot 1, 35 feet;
thence Northwesterly along a line parallel with the Southwesterly line of said Lot
10, 10 feet; thence in a straight line to the point of beginning.

 

	Permanent
    Real Estate Index Numbers: 	14-20-103-010
	 	14-20-103-011
	 	14-20-104-008
	 	14-20-104-007
	 	14-20-104-004
	 	14-20-104-003
	 	 
	Address
    of Property:	35 West Main Street, Lake Zurich, Lake County, Illinois

 

    	16

    	 

    

 

	 	 

 

LAKE
ZURICH CENTER, LLC, an Illinois limited liability company, 35 West Main Street, Lake Zurich,
Lake County, Illinois (“Grantor”) for and in consideration of TEN & 00/100 DOLLARS, and other good and valuable
consideration, in hand paid, and pursuant to authority given by the Members and Manager of said company, REMISES, RELEASES, ALIENS
AND CONVEYS unto Q LOTUS INC., a Nevada corporation (“Grantee”), all
the following described real estate situated in the County of Lake in the State of Illinois, to wit:

 

See
legal description attached hereto as Exhibit A

 

together
with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, and the reversion and
reversions, remainder and remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim or
demand whatsoever, of the Grantor, either in law or equity, of, in and to the above described premises, with the hereditaments
and appurtenances;

 

TO
HAVE AND TO HOLD the said premises as above described, with the appurtenances, unto the
Grantee, its successors and assigns forever, and for the proper use and benefit forever of the Grantee.

 

And
the Grantor, for itself, and its successors, does covenant, promise and agree, to and with Grantee, its successors and assigns,
that it has not done or suffered to be done, anything whereby the said premises hereby granted are, or may be, in any manner encumbered
or charged, except as herein recited; and that it WILL DEFEND the said premises, against all persons by or claiming through Grantor,
but not otherwise.

 

SUBJECT
TO: those items and restrictions set forth on Exhibit B attached hereto and made a part hereof.

 

	Permanent
    Real Estate Index Numbers:	14-20-103-010-0000
	 	14-20-103-011-0000
	 	14-20-104-007-0000
	 	14-20-104-004-0000
	 	14-20-104-003-0000
	 	 
	Address
    of Real Estate:	35
    W. Main Street, Lake Zurich, Illinois 60047

 

    	17

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