Document:

DEBT
AND LIEN SUBORDINATION AGREEMENT

 

This
DEBT AND LIEN SUBORDINATION AGREEMENT (this “Agreement”) is made as of August 10, 2017, among ITECH
US, INC., a Virginia corporation (the “Borrower”); SUPER G CAPITAL, LLC, a Delaware limited liability
company (“Subordinate Creditor”); and PRESTIGE CAPITAL CORPORATION, a New Jersey corporation (“Senior
Creditor”).

 

Recitals:

 

Senior
Creditor and Borrower are parties to a certain Purchase and Sale Agreement dated as of August 10, 2017 (as at any time amended
or restated, the “Senior Credit Agreement”), pursuant to which Senior Creditor will from time to time factor
the accounts receivable of Borrower or other extensions of credit (collectively, “Credit Extensions”) to Borrower
secured by all or substantially all of Borrower’s assets.

 

Borrower
and Subordinate Creditor have entered into that certain Business Loan Agreement and Security Agreement dated as of August 10,
2017 (as at any time amended or restated, the “Subordinated Loan Agreement”). Pursuant to the Subordinated
Loan Agreement, Borrower has obtained or may obtain loans from Subordinate Creditor, payment of which is or will be secured by
a security interest in and lien upon all or substantially all assets of Borrower.

 

A
condition precedent to Senior Creditor’s willingness to make any Credit Extensions to Borrower under the Senior Credit Agreement
is the execution and delivery of this Agreement pursuant to which, among other things, Subordinate Creditor shall subordinate
the payment of all present and future indebtedness owed to it by Borrower to the payment in full of the Priority Senior Debt (as
defined below) and shall subordinate all Liens at any time held by it in respect of any Collateral (as defined below) to and in
favor of all Liens granted to or obtained by Senior Creditor in respect of any of the Collateral.

 

NOW,
THEREFORE, in consideration of the foregoing premises, the mutual covenants and conditions herein contained and for Ten Dollars
($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be bound hereby, agree as follows:

 

1. Definitions;
Rules of Construction.

 

(a) Capitalized
terms used in this Agreement, unless otherwise defined herein, shall have the meanings ascribed to them in the Senior Credit Agreement.
In addition to such other terms as are elsewhere defined herein, the following terms shall have the following meanings for the
purposes of this Agreement:

 

“Bankruptcy
Code” shall mean title 11 of the United States Code.

 

“Business
Day” shall mean any day other than a Saturday, Sunday or day on which banks are authorized or required to be closed
under the laws of the State of California.

 

“Collateral”
shall mean all property of each Obligor (real or personal, tangible or intangible, and wherever located) at any time subject to
a Lien in favor of Senior Creditor or Subordinate Creditor, including all types and items of property included in the definition
of “Collateral” in the Senior Credit Agreement or any of the other Senior Creditor Documents, or in any of the Subordinate
Creditor Documents, whether any of such property is acquired prior to, during the pendency of, or after an Insolvency Proceeding.
Without limiting the generality of the foregoing, the term “Collateral” shall include all Accounts, Goods (including
Inventory and Equipment), General Intangibles (including state and federal tax refund claims and other Payment Intangibles), Documents,
Instruments, Chattel Paper, Deposit Accounts, Commercial Tort Claims, Letter-of-Credit Rights, and Investment Property, Supporting
Obligations, and all Proceeds of the foregoing property.

 

    	 	 	 

    	 

    

 

“Creditor”
shall mean Senior Creditor or Subordinate Creditor, as applicable, and the term “Creditors” means both of them.

 

“Default”
shall mean an event or condition that constitutes an event of default under the Senior Creditor Documents or the Subordinate Creditor
Documents.

 

“Enforcement
Action” shall mean and include any remedy available to Senior Creditor under any of the Senior Creditor Documents or
applicable law to enforce collection of any of the Senior Debt following the occurrence of any Default, and any remedy available
to Subordinate Creditor under any of the Subordinate Creditor Documents or applicable law to enforce collection of the Subordinated
Debt following the occurrence of any Default, including any of the following: (a) the repossession, sale, lease, setoff against
or other disposition of any Collateral by Senior Creditor or Subordinate Creditor; (b) the commencement of any action, suit or
other proceeding against an Obligor to enforce payment of any of the Senior Debt or the Subordinated Debt or to repossess, replevy,
garnish, attach or otherwise to realize upon any of the Collateral; (c) any notification by Senior Creditor or Subordinate Creditor
to any obligor on any Account or Payment Intangible to remit payments with respect to such Account or Payment Intangible to the
notifying party; or (d) the commencement against any Obligor of an Insolvency Proceeding.

 

“Enforcement
Expenses” shall mean all costs and expenses at any time incurred by Senior Creditor in connection with its enforcement
of rights or exercise of remedies under any of the Senior Creditor Documents or applicable law to collect any of the Senior Debt,
enforce any Liens of Senior Creditor, or otherwise enforce any provisions of the Senior Creditor Documents, protect or preserve
any of the Collateral, or defend Senior Creditor’s Liens therein against the claims of any Person, including costs and expenses
consisting of legal fees, accounting fees, and any costs incurred in connection with the repossession, storing, maintenance, preservation,
protection, insurance, collection, preparation for sale, advertising for sale, selling, leasing, liquidating, foreclosing upon
or otherwise disposing all or any part of the Collateral, and any amounts advanced for the payment of rent, taxes, or insurance
or to satisfy any encumbrances upon any of the Collateral or to pay payroll, appraisal fees, auctioneer’s fees and commissions,
and other similar costs of expenses.

 

“Full
Payment,” “Paid in Full,” “Pay in Full” or “Payment in Full”
shall mean, with respect to the Senior Debt or Priority Senior Debt, as applicable (i) the indefeasible payment in full, in cash,
of all of the Senior Debt or Priority Senior Debt, as applicable, including, in the case of contingent obligations (such as, by
way of example only, undrawn letters of credit that are issued or procured by Senior Creditor), the depositing of cash with Senior
Creditor equal to 105% of the amount of such contingent obligations as security for the payment of such contingent obligations,
in each case other than contingent obligations that are disputed or unliquidated in amount and for which no underlying claim has
been asserted or threatened against Senior Creditor, and (ii) termination of any commitments or other agreements of Senior Creditor
to make further extensions of credit under the Senior Credit Agreement.

 

“Insolvency
Proceeding” shall mean any action, suit, case or proceeding commenced by or against any Obligor for the appointment
of a receiver for such Obligor or any of such Obligor’s other property, for entry of an order for relief under any chapter
of the Bankruptcy Code with respect to an Obligor, for an assignment for the benefit of creditors of an Obligor, or for other
any debtor relief under any other insolvency law relating to the adjustment of debts, reorganization, composition or extension
of debts owed by an Obligor.

 

“Lien”
shall mean any interest in property securing an obligation owed to, or a claim by, a Person, whether such interest is based on
or arises pursuant to common law, statute, contract, judgment or court order. The term “Lien” shall also include reservations,
exceptions, encroachments, easements, rights-of-way, covenants, conditions, restrictions, leases and other title exceptions and
encumbrances affecting property.

 

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“Obligor”
shall mean Borrower or any other Person who is liable to pay, or who has granted a Lien upon any of its property to secure payment
of, the whole or any part of the Senior Debt.

 

“Party”
shall mean a signatory to this Agreement.

 

“Person”
shall mean any natural person, sole proprietorship, corporation, partnership, limited liability company, joint venture, business
trust, other business entity, or any state, federal or foreign government entity or a department, agency, bureau or political
subdivision thereof.

 

“Plan”
shall mean a plan proposed in any Insolvency Proceeding for: (i) the liquidation or reorganization of an Obligor, (ii) a composition
or extension of any of an Obligor’s debts, or (iii) a sale or other disposition in whole or in part of an Obligor’s
assets.

 

“Senior
Creditor Documents” shall mean the Senior Credit Agreement and all other instruments or agreements now or hereafter
evidencing or securing the payment of the whole or any part of the Senior Debt.

 

“Priority
Senior Debt” shall mean, on any date, all Senior Debt that does not exceed on such date the sum of the following (together
with all refinancings or refundings thereof): (i) $6,500,000 plus (ii) all fees, charges, legal fees (including Enforcement
Expenses), and any amounts due under any indemnifications given by any Obligor to Senior Creditor.

 

“Reorganization
Securities” shall mean debt securities of an Obligor, the sale, distribution, or payment in respect of which is subordinated
to the Full Payment of all Senior Debt at the time outstanding and to the payment in full of all debt securities issued in exchange
therefor to Senior Creditor, which debt securities have been provided for by a Plan that has been approved by final order of a
court and that has been accepted by Senior Creditor.

 

“Senior
Debt” shall mean all advances, debts, liabilities, obligations, debit balances, covenants and duties at any time or
times owed by any Obligor to Senior Creditor, whether now or hereafter created, incurred or arising, and whether direct or indirect,
absolute or contingent, secured or unsecured, primary or secondary, joint or several, liquidated or unliquidated, due or to become
due, now existing or hereafter arising, including (i) all Obligations (including those arising from Credit Extensions), in each
case at any time owed by Obligors to Senior Creditor under any of the Senior Creditor Documents, (ii) loans and other extensions
of credit made by Senior Creditor to Borrower under the Senior Credit Documents during the pendency of any Insolvency Proceeding,
(iii) all fees, charges, expenses and attorneys’ fees for which any Obligor is now or hereafter becomes liable to pay to
Senior Creditor under the Senior Credit Documents, including all Enforcement Expenses which any Obligor is now or hereafter becomes
liable to pay to Senior Creditor under any agreement or by applicable law and all interest, legal fees and other charges that
accrue or are incurred in connection with any of the Senior Debt during the pendency of any Insolvency Proceeding of any Obligor.

 

“Subordinate
Creditor Documents” shall mean the Subordinated Loan Agreement and all other instruments or agreements now or hereafter
evidencing or securing the payment of the whole or any part of the Subordinated Debt.

 

“Subordinated
Debt” shall mean all loans, advances, debts, liabilities, debit balances, covenants, duties and obligations of Obligors
to Subordinate Creditor, whether direct or indirect, absolute or contingent, secured or unsecured, primary or secondary, joint
or several, due or to become due, now existing or hereafter arising, including (i) all debts, liabilities and obligations of any
Obligor to Subordinate Creditor under any Subordinate Creditor Documents, (ii) all debts, liabilities or obligations that are
incurred by any Obligor to Subordinate Creditor in any Insolvency Proceeding, (iii) all debts, liabilities or obligations at any
time owed by any Obligor to other Persons which Subordinate Creditor may have obtained by assignment, pledge, or otherwise, (iv)
all interest, fees, charges, expenses and attorneys’ fees for which any Obligor is now or hereafter become liable to pay
to Subordinate Creditor under any agreement or applicable law, and (v) any renewals, extensions or refinancings of any of the
foregoing.

 

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“UCC”
shall mean the Uniform Commercial Code, as in effect from time to time in the State of California.

 

(b) Capitalized
terms herein that are defined in the UCC, unless otherwise expressly defined herein, shall have the meanings ascribed to them
in the UCC.

 

(c) All
references to any instrument or agreement, including any of the Subordinate Creditor Documents or the Senior Creditor Documents,
shall mean (unless otherwise provided herein) all amendments and modifications thereto and renewals, restatements and replacements
thereof; all references to any statute shall mean and include all amendments thereto and all regulations issued pursuant thereto.
The words “including” and “include” shall mean “including, without limitation” and “include,
without limitation”; and the words “herein,” “hereof” and “hereunder” and other words
of similar import refer to this Agreement as a whole and not to any particular section or subdivision. Any pronouns used herein
shall be deemed to cover all genders.

 

2. Consents
to Liens. Senior Creditor hereby consents to each Obligor’s grant of Liens in the Collateral to Subordinate Creditor
as security for the Subordinated Debt and agrees that the existence of any such Liens (other than any Lien that may hereafter
arise from any judgment obtained against an Obligor) shall not constitute a Default under any of the Senior Creditor Documents.
Subordinate Creditor hereby acknowledges each Obligor’s grant of Liens in the Collateral to Senior Creditor as security
for the Senior Debt and agrees that the existence of any such Liens shall not constitute a Default under any of the Subordinate
Creditor Documents.

 

3. Priority
of Liens; No Contest; Release. 

 

(a) The
Parties agree at all times, whether before, after or during the pendency of any Insolvency Proceeding and notwithstanding the
priorities that would ordinarily result from the order of granting or perfection of any Liens, the order of filing or recording
of any financing statements, or the priorities that would otherwise apply under applicable law, that (i) Senior Creditor’s
Liens in the Collateral shall constitute first priority Liens in such property to secure the Priority Senior Debt and shall be
superior to any Lien or other interest of Subordinate Creditor in the same property arising pursuant to the Subordinate Creditor
Documents, by operation of law or otherwise; and (ii) any Lien or other interest at any time acquired by Subordinate Creditor
in any of the Collateral shall be subordinate to the Liens of Senior Creditor therein as security for the Priority Senior Debt.
Subordinate Creditor agrees to execute such amendments to financing statements and other documents as may be necessary to reflect
of record the existence of this Agreement and the priorities set forth in this Section 3(a). For purposes of the foregoing provisions,
any claim of a right of setoff by Subordinate Creditor shall be treated in all respects as a Lien and no claim to a right of setoff
by Subordinate Creditor shall be asserted to defeat or diminish the rights or priorities provided for herein in favor of Senior
Creditor. The priorities set forth herein shall be effective irrespective of the perfection, lack of perfection, priority or avoidance
of any Liens of Senior Creditor. From and after Full Payment of all Priority Senior Debt, the Liens of Subordinate Creditor with
respect to all of the Collateral shall be senior and prior to the Liens of Senior Creditor upon the Collateral as security for
any remaining Senior Debt.

 

(b) In
no event shall either Creditor institute, or join as a party in the institution of, or directly or indirectly assist in the prosecution
of, any action, suit or other proceeding seeking a determination that the Lien of the other Creditor in any Collateral is invalid,
unperfected or avoidable, or is or should be subordinated to the interest of any other Person or that any claim of a Creditor
against an Obligor is invalid or unenforceable in whole or in part; provided that nothing herein shall be construed to
prevent Senior Creditor from enforcing the terms of this Agreement, including the provisions of Sections 3(a) relating to the
priority of Liens of Creditors and Section 4.

 

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4. Debt
Subordination/Permitted Payments.

 

(a) Subject
to the provisions of Section 4(c) hereof relating to payments on the Subordinated Debt that are permitted to be made to the extent
and under the circumstances set forth in Section 4(c), Subordinate Creditor hereby postpones and subordinates all of the Subordinated
Debt to the Full Payment of all of the Priority Senior Debt.

 

(b) In
the event of any distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or
otherwise, of all or any part of the assets of any Obligor or the proceeds thereof to Subordinate Creditor or upon any indebtedness
of any Obligor, by reason of the liquidation, dissolution or other winding up of any Obligor or such Obligor’s business,
or in the event of any sale of any Obligor’s assets outside of the ordinary course of business or the commencement by or
against any Obligor of any Insolvency Proceeding, then and in any such event any payment or distribution of any kind or character,
whether in cash, securities or other property (excluding Reorganization Securities), which shall be payable or deliverable upon
or with respect to any of the Subordinated Debt (including any payment or distribution that may be payable or deliverable by reason
of the payment of any other indebtedness of any Obligor being subordinate to the payment of the Subordinated Debt) shall be paid
or delivered directly to Senior Creditor for application to the Priority Senior Debt (whether or not the same is then due and
payable) until Full Payment of all of the Priority Senior Debt. Each Obligor’s and Subordinate Creditor’s books shall
be marked to evidence the subordination of all of the Subordinated Debt to the Full Payment of the Priority Senior Debt. Senior
Creditor is authorized to examine such books from time to time and to make any notations required by this Agreement. The provisions
of this Section 4 shall remain effective and binding upon Subordinate Creditor even if any of the Senior Debt or any Lien securing
same is avoided, equitably subordinated or nullified in any Insolvency Proceeding of any Obligor.

 

(c) Except
as otherwise provided in Section 4(b) hereof and in this Section 4(c), Borrower may pay to Subordinate Creditor, and Subordinate
Creditor may accept and retain, any regularly scheduled installments of principal and interest due and owing to Subordinate Creditor
under the Subordinated Loan Agreement in accordance with its present tenor (including payment of principal and interest due at
maturity), but without prepayment, whether mandatory or optional, or payment upon acceleration. If a Default under any of the
Senior Creditor Documents exists at the time of or would result from the making of any payment on account of any Subordinated
Debt, and for so long as any Priority Senior Debt is outstanding, no Obligor shall be permitted to make, and Subordinate Creditor
shall not be entitled to accept or retain, any payments on account of any Subordinated Debt for a period of sixty (60) days (a
“Blockage Period”) after Subordinate Creditor receives a Blockage Notice. A “Blockage Notice” is
a written notice from Senior Creditor that a Default exists and a Blockage Period is being imposed and the Blockage Period shall
commence on the date of Subordinate Creditor’s receipt of such written notice. Senior Creditor shall not be authorized to
implement more than one (1) Blockage Period during any consecutive period of one hundred eighty (180) days. Following the termination
or waiver by Senior Creditor of a Blockage Period, Subordinate Creditor shall be entitled to accept and retain, and Obligors shall
be authorized to pay, any past due installments of principal or interest and regularly scheduled installments of principal and
interest under the Subordinated Loan Agreement that become due on or after the date that no Blockage Period is in effect. In no
event shall Senior Creditor’s continuing to honor any requests of Borrower for Credit Extensions after the occurrence and
during the existence of any Default under the Senior Creditor Documents be deemed a waiver thereof, unless such Default is expressly
waived in writing by Senior Creditor.

 

5. Warranties
and Representations of Subordinate Creditor. Subordinate Creditor represents and warrants to Senior Creditor that (i)
it has not relied nor will it rely on any representation or information of any nature made by or received from Senior Creditor
relative to any Obligor’s financial condition or prospects, or the existence, value or extent of any Collateral, in deciding
to execute this Agreement; (ii) Subordinate Creditor is the lawful owner of the Subordinated Debt and is duly empowered and authorized
to execute, deliver and perform all of its obligations under this Agreement; (iii) Subordinate Creditor has not heretofore assigned
or transferred to any Person any of the Subordinated Debt, any interest therein or any security pertaining thereto; and (iv) Subordinate
Creditor has not heretofore given any subordination in respect of the Subordinated Debt.

 

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6. Negative
Covenants. Until all of the Priority Senior Debt has been Paid in Full, subject to Section 7 hereof, (i) no Obligor party
hereto shall, directly or indirectly, make any payment (other than a payment expressly permitted by Section 4 hereof) on account
of the Subordinated Debt; (ii) Subordinate Creditor shall not demand, collect or accept from any Obligor or any other Person any
payment (other than a payment permitted by Section 4 hereof) on account of the Subordinated Debt or any part thereof, or accelerate
the maturity of any of the Subordinated Debt; (iii) Subordinate Creditor shall not realize upon or enforce any Lien granted by
any Obligor as security for any of the Subordinated Debt, except as otherwise provided in Section 7(b); (iv) Subordinate Creditor
shall not exchange, set off, release, convert to equity or otherwise discharge any part of the Subordinated Debt, except to the
extent consented to by Senior Creditor in its discretion; (v) no Obligor party hereto shall hereafter issue any instrument, security
or other writing evidencing any part of the Subordinated Debt, and Subordinate Creditor will not receive any such writing, without
Senior Creditor’s consent; (vi) Borrower and Subordinate Creditor shall not amend, alter or modify any provision of the
Subordinate Creditor Documents except as authorized by Section 16; (vii) Subordinate Creditor shall not commence or join with
any other Person in commencing any Insolvency Proceeding against an Obligor; (viii) Subordinate Creditor shall not contact any
obligor on any Account or Payment Intangible of an Obligor or any of an Obligor’s suppliers; and (ix) no Obligor party hereto
nor Subordinate Creditor shall otherwise take or permit any action prejudicial to or inconsistent with Senior Creditor’s
priority position over Subordinate Creditor that is created by this Agreement.

 

7. Standby
as to Certain Actions.

 

(a) Except
as otherwise set forth in Section 7(b), Subordinate Creditor agrees that it will not ask for, demand, sue for, take, receive,
or repossess any of the Collateral from any Obligor by setoff or in any other manner, or otherwise take any Enforcement Action
to collect any of the Subordinated Debt or to realize upon the whole or any part of the Collateral, whether by judicial action
or under power of sale, by self-help repossession or otherwise, unless and until all of the Priority Senior Debt has been Paid
in Full. If Subordinate Creditor, in violation hereof, initiates any Enforcement Action against any Obligor or any Collateral,
Senior Creditor may intervene and interpose this Agreement as a defense in Senior Creditor’s name or in the name of any
Obligor.

 

(b) If
a Default occurs under any of the Subordinate Creditor Documents as a result of Borrower’s failure to pay to Subordinate
Creditor any regularly scheduled installment of principal and interest due and owing to Subordinate Creditor under the Subordinated
Note in accordance with its present tenor (including any of the payments permitted described in the penultimate sentence of Section
4(b)), but without prepayment (whether mandatory or optional) or payment upon acceleration (a “Subordinated Debt Payment
Default”), then, subject to Subordinate Creditor’s giving to Senior Creditor at least ten (10) days prior written
notice of Subordinate Creditor’s intention to do so (which notice may not be given by Subordinate Creditor at any time that
a Blockage Period is in effect), Subordinate Creditor may initiate an Enforcement Action, but only if at the time of initiation
of such Enforcement Action either (a) no Priority Senior Debt is outstanding or (b) such Subordinated Debt Payment Default has
not been cured, no Blockage Period is in effect, no Insolvency Proceeding has been filed by or against any Obligor, and Senior
Creditor has not initiated any Enforcement Action against any Obligor or any Collateral. Any payments or proceeds received by
Subordinate Creditor in connection with any Enforcement Action shall be promptly turned over to Senior Creditor, in the identical
form received, for application by Senior Creditor to the Priority Senior Debt until the Priority Senior Debt is Paid in Full.
If after Subordinate Creditor initiates an Enforcement Action Senior Creditor initiates its own Enforcement Action to recover
any Priority Senior Debt, Subordinate Creditor shall forthwith, upon receipt of notice from Senior Creditor of its having commenced
an Enforcement Action, cease and desist from any further Enforcement Action by Subordinate Creditor and Subordinate Creditor shall
promptly turn over to Senior Creditor any Collateral (including any proceeds of Collateral) in Subordinate Creditor’s possession.

 

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8. Senior
Creditor’s Rights Exclusive. Subject to Section 7 hereof, for so long as any Priority Senior Debt is outstanding,
Senior Creditor shall have the exclusive right to collect, foreclose upon, sell, transfer, liquidate or otherwise dispose of any
or all of the Collateral as provided in the Senior Creditor Documents or by applicable law, in the manner deemed appropriate by
Senior Creditor, without regard to any Liens of Subordinate Creditor therein, and Subordinate Creditor will not hinder or delay
Senior Creditor’s actions in enforcing its remedies or taking any Enforcement Action with respect to any Collateral; provided,
however, that after Full Payment of all Priority Senior Debt, Senior Creditor shall deliver to Subordinate Creditor (unless
otherwise restricted by applicable law) for application to the Subordinated Debt any net proceeds remaining from the sale or other
disposition of the Collateral.

 

9. Receipt
of Monies by Subordinate Creditor. If any payment, distribution or security, or the proceeds thereof, are received by
Subordinate Creditor on account of or with respect to any of the Subordinated Debt other than as expressly permitted in Section
4 hereof, or from the sale, liquidation, casualty or other disposition of, or as a result of any Lien it may have with respect
to, any of the Collateral at any time prior to Full Payment of all of the Priority Senior Debt, Subordinate Creditor shall forthwith
deliver same to Senior Creditor in the form received (except for the addition of any endorsement or assignment necessary to effect
a transfer of all rights therein to Senior Creditor) for application to the Priority Senior Debt. Senior Creditor is irrevocably
authorized by Borrower and Subordinate Creditor to supply any required endorsement or assignment which may have been omitted.
Until so delivered, any such payment, distribution or security shall be held by Subordinate Creditor in trust for Senior Creditor
and shall not be commingled with other funds or property of Subordinate Creditor.

 

10. Agreement
on Certain Insolvency Proceeding Matters.

 

(a) Without
impairing, abrogating or in any way affecting Senior Creditor’s rights hereunder, including the priorities set forth in
Section 3(a) hereof, Senior Creditor may during any Insolvency Proceeding give or withhold its consent to any Obligor’s
or any receiver’s or trustee’s use of any Collateral (including cash proceeds of any Collateral) or may provide financing
or otherwise extend credit to such Obligor or any receiver or trustee secured by a Lien upon any or all of the Collateral (regardless
of whether such Collateral is created, acquired or arises prior to or after the commencement of any such Insolvency Proceeding),
and Subordinate Creditor shall be deemed to have consented (and shall give its written consent if requested) to any Obligor’s
or any receiver’s or trustee’s use of Collateral if and to the extent consented to by Senior Creditor during the pendency
of any such Insolvency Proceeding. Any Lien at any time granted to or otherwise acquired by Subordinate Creditor in any of the
Collateral, whether such Lien is granted to or otherwise acquired by Subordinate Creditor prior to or after the commencement of
any Insolvency Proceeding or pursuant to a Plan and whether such Collateral is created, acquired or arises prior to or after the
commencement of any such Insolvency Proceeding, shall be subject to all of the terms of this Agreement and shall be subordinate
in priority to all Liens granted to or otherwise obtained by Senior Creditor with respect to any such Collateral as security for
the Priority Senior Debt, including Liens granted to secure any financing provided or consented to by Senior Creditor in any such
Insolvency Proceeding or Liens granted to Senior Creditor as adequate protection.

 

(b) Subordinate
Creditor shall not oppose any relief from the automatic stay that is sought by Senior Creditor and will not seek relief from the
automatic stay unless and to the extent the same relief is requested and obtained by Senior Creditor; and Subordinate Creditor
shall not oppose any request for adequate protection made by Senior Creditor, nor shall Subordinate Creditor seek adequate protection
of any of its Liens other than an additional or replacement Lien in respect of any Collateral acquired or arising during the pendency
of an Insolvency Proceeding to the same extent sought and obtained by Senior Creditor.

 

(c) If
in or as a result of any Insolvency Proceeding a Creditor returns, refunds or repays to any Obligor or any trustee or committee
appointed in the Insolvency Proceeding any payment or proceeds of any Collateral in connection with any pending or threatened
action, suit or proceeding alleging that such Creditor’s receipt of such payments or proceeds was a transfer voidable under
any applicable law, then such Creditor shall not be deemed ever to have received such payment or proceeds for purposes of this
Agreement in determining whether and when all of the Priority Senior Debt has been Paid in Full.

 

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(d) If
Subordinate Creditor has any claim against any Obligor in any Insolvency Proceeding, Subordinate Creditor hereby makes, constitutes
and appoints Senior Creditor as Subordinate Creditor’s attorney-in-fact and authorizes Senior Creditor (for so long as any
Priority Senior Debt is outstanding) (i) to file, in the name of Subordinate Creditor, such claim on behalf of Subordinate Creditor,
if such claim has not been filed by Subordinate Creditor prior to thirty (30) days before the bar date for filing such claim;
and (ii) to enforce such claim, either in its own name or in the name of Subordinate Creditor, by proof of claim, suit or otherwise,
and any sums received by Senior Creditor in connection with such claim shall be applied to the Priority Senior Debt. Senior Creditor
shall remit to Subordinate Creditor any funds remaining after those sums have been so applied, to the extent permitted by applicable
law or the proceedings governing any such Insolvency Proceeding. In no event shall Senior Creditor be liable to Subordinate Creditor
for any failure to prove the Subordinated Debt, to exercise any right with respect thereto, or to collect any sums payable thereon.
In no event shall Subordinate Creditor support any Plan that is opposed by Senior Creditor or oppose any Plan that is supported
by Senior Creditor.

 

11. Subrogation.
Provided that the Priority Senior Debt has been Paid in Full, Subordinate Creditor shall be subrogated (without any representation
by or recourse to Senior Creditor) to the rights of Senior Creditor to receive payments or distributions of cash, property or
securities payable or distributable on account of the Priority Senior Debt, to the extent of any payments and distributions paid
over to or for the benefit of Senior Creditor pursuant to this Agreement on account of the Subordinated Debt. In no event, however,
shall Subordinate Creditor have any rights or claims against Senior Creditor for any alleged impairment of Subordinate Creditor’s
subrogation rights, Subordinate Creditor acknowledging that any actions taken by Senior Creditor with respect to the Priority
Senior Debt or the Collateral are authorized and consented to by Subordinate Creditor irrespective of any effect that any such
action may have upon Subordinate Creditor’s subrogation rights.

 

12. Agreement
to Release Liens. If requested to do so by Senior Creditor after and during the continuance of a Default under the Senior
Creditor Documents and for so long as any Priority Senior Debt is outstanding, Subordinate Creditor agrees that it will release
its Liens upon any Collateral simultaneously with and in order to facilitate an Enforcement Action by Senior Creditor, an orderly
liquidation or going concern sale or other disposition of such Collateral by an Obligor (whether prior to or during the pendency
of any Insolvency Proceeding), or a sale or other disposition by a bankruptcy trustee or receiver for an Obligor or its assets;
and promptly upon the request of Senior Creditor, Subordinate Creditor will execute and deliver such documents, instruments and
agreements as are necessary to effectuate such release and to evidence such release in the appropriate public records. Notwithstanding
the foregoing, any Lien of Subordinate Creditor shall, subject to all of the provisions of this Agreement, continue in the Proceeds
of any such Collateral until applied to the Senior Debt.

 

13. Waiver
of Marshaling; Application of Payments and Proceeds. Subordinate Creditor hereby waives any right to require Senior Creditor
to marshal any security or Collateral or otherwise to compel Senior Creditor to seek recourse against or satisfaction of the indebtedness
to it from one source before seeking recourse or satisfaction from another source. Senior Creditor shall be authorized to apply
(and reapply) any and all payments and proceeds of Collateral received by it to such portion of the Senior Debt as Senior Creditor
may elect.

 

14. Provisions
Concerning Insurance. Proceeds of the Collateral include insurance proceeds, and therefore the priorities set forth in
Section 3(a) hereof govern the ultimate disposition of casualty insurance proceeds. Senior Creditor shall have the sole and exclusive
right, as against Subordinate Creditor, to adjust settlement of insurance claims in the event of any covered loss, theft, damage
to or destruction of any Collateral. For so long as any Priority Senior Debt is outstanding, all proceeds of such insurance shall
inure to Senior Creditor to the extent of the Priority Senior Debt, and Subordinate Creditor shall cooperate to the extent necessary
to effect payment of insurance proceeds to Senior Creditor. Senior Creditor shall have the right (as set forth in the Senior Creditor
Documents) to determine whether such proceeds will be applied to the Priority Senior Debt or used to rebuild, replace or repair
the affected Collateral. If such proceeds are applied to Priority Senior Debt, any proceeds remaining after Full Payment thereof
(including expenses of collection) shall be promptly remitted to Subordinate Creditor for application to the Subordinated Debt
or to an Obligor, as applicable, unless otherwise required by applicable law.

 

    	 	 - 8 -	 

    	 

    

 

15. Option
to Purchase Senior Debt. Notwithstanding any other provision herein, Subordinate Creditor shall have the option to purchase
the Senior Debt from Senior Creditor by notifying Senior Creditor in writing thereof within ten (10) days following receipt of
a Blockage Notice. Such purchase shall be effected by a closing no later than thirty (30) days following Subordinate Creditor’s
notice. At such closing, Subordinate Creditor shall pay Senior Creditor cash equal to an amount which would result in Full Payment
of the Senior Debt as of such closing, exclusive of any prepayment penalties or late charges, and Senior Creditor shall execute
and deliver to Subordinate Creditor the original Senior Credit Documents, together with such endorsements, Collateral in Senior
Creditor’s possession or control, assignments and other documents reasonably required by Subordinate Creditor; provided
that Senior Creditor shall represent and warrant to Subordinate Creditor only that Senior Creditor holds the Senior Debt and Senior
Credit Documents free and clear of any Liens and claims of third parties.

 

16. Amendments
to Documents. Senior Creditor and each Obligor shall be authorized to enter into amendments to any of the Senior Creditor
Documents to which they are a party, in accordance with the terms thereof, and without prior notice to or the consent of Subordinate
Creditor; provided, however, that (x) no such amendment shall increase the amount of Priority Senior Debt; and (y)
except for an overadvance at closing by Senior Creditor which shall not exceed $450,000 and to which Subordinate Creditor hereby
consents, Senior Creditor may not make any overadvance or other advance in excess of the credit limits set forth in the Senior
Creditor Documents. Senior Creditor shall, promptly after receipt of a written request therefor from Subordinate Creditor, deliver
to Subordinate Creditor copies of any amendments or modifications of any of the Senior Creditor Documents. Subordinate Creditor
shall not be authorized to modify or amend any of the Subordinate Creditor Documents, without the prior written consent of Senior
Creditor, to the extent that any such modification or amendment would have the effect of increasing the amount of the Subordinated
Debt; increasing the rate of interest or fees payable in respect of any of the Subordinated Debt; altering the method, time of
payment (other than to extend the time of payment) or manner of payment of any Subordinated Debt; or making more restrictive any
covenants or Defaults contained in any of the Subordinate Creditor Documents. Subordinate Creditor shall, promptly after receipt
of a written request therefor from Senior Creditor, deliver to Senior Creditor copies of any amendments or modifications of any
of the Subordinate Creditor Documents. Borrower shall promptly, after the execution of such amendments or modifications to the
Senior Creditor Documents or the Subordinate Creditor Documents, deliver conformed copies thereof to the Creditor not party thereto,
but the failure to do so by Borrower shall in no way affect any of the rights or privileges of such Creditor under this Agreement.

 

17. Notices.
All notices, requests and demands to or upon a Party hereto shall be in writing and shall be delivered by hand, sent by certified
or registered mail, return receipt requested or by telecopier and shall be deemed to have been validly served, given or delivered
when delivered against receipt or three (3) Business Days after deposit in the U.S. mail, postage prepaid, or, in the case of
telecopy notice, when received at the office of the noticed Party, in each case addressed as follows:

 

	 	(A)	If
    to Senior Creditor:	Prestige
    Capital Corporation
	 	 	 	400
    Kelby Street, 14th Floor
	 	 	 	Fort
    Lee, NJ 07407
	 	 	 	Attention:
    Harvey L. Kaminski
	 	 	 	Telecopier:
    201-944-9477
	 	 	 	Email:
HKaminski@prestigecapital.com

 

    	 	 - 9 -	 

    	 

    

 

	 	(B)	If
    to Subordinate	Super
    G Capital, LLC
	 	 	Creditor:	23
    Corporate Plaza, Suite 100
	 	 	 	Newport
    Beach, CA 92660
	 	 	 	Attention:
    Marc Cole
	 	 	 	Telecopier
    No.:949-734-7486
	 	 	 	Email:
marc@supergcapital.com
	 	 	 	 
	 	 	With
    a	Jeffer
    Mangels Butler & Mitchell LLP
	 	 	copy
    to:	1900
    Avenue of the Stars, 7th Floor
	 	 	 	Los
    Angeles, CA 90067
	 	 	 	Attention:
    Joel J. Berman, Esq.
	 	 	 	Telecopier:
    310-203-0567
	 	 	 	Email:
    jberman@jmbm.com

 

	 	(C)	If
    to Borrower:	iTech
    US, Inc.
	 	 	 	_________________
	 	 	 	_________________
	 	 	 	Attention:
    _________
	 	 	 	Telecopier:
    _____
	 	 	 	Email:
    _________________

 

or
to such other address as each Party may designate for itself by like notice given in accordance with this section. Any written
notice that is not sent in conformity with the provisions hereof shall nevertheless be effective on the date that such notice
is actually received by the noticed Party. Subordinate Creditor agrees that any requirement for the giving of notice by Senior
Creditor under the UCC or otherwise in connection with any Enforcement Action with respect to any Collateral shall be satisfied
by the giving of written notice at least ten (10) days prior to the date on which such rights or remedies are to be exercised
by Senior Creditor, provided that nothing herein shall be deemed to require the giving of any such notice when such notice is
not required by applicable law.

 

18. No
Duties Imposed Upon Senior Creditor. The rights granted to Senior Creditor in this Agreement are solely for its protection
and nothing herein contained imposes on Senior Creditor any duty with respect to any of the Collateral or to advise Subordinate
Creditor of information known to Senior Creditor regarding any Obligor, the Collateral, or actions taken or not taken by Senior
Creditor pursuant to any of the Senior Creditor Documents or otherwise with respect to any Obligor or any Collateral. Senior Creditor
has no duty to preserve rights against prior parties on any Instrument or Chattel Paper received from any Obligor as collateral
security for any of the Senior Debt.

 

19. Specific
Enforcement. If Subordinate Creditor fails to comply with any provision of this Agreement that is applicable to it, Senior
Creditor may demand specific performance of this Agreement and may exercise any other remedy available at law or equity. Borrower
and Subordinate Creditor each hereby waives any defense based on the adequacy of a remedy at law which might be asserted as a
bar to the remedy of specific performance of this Agreement in any action brought therefor by Senior Creditor.

 

20. Additional
Credit Extensions. Senior Creditor may make Credit Extensions to Borrower from time to time, pursuant to the Senior Creditor
Documents or otherwise, and all such loans or other credit shall constitute part of the Senior Debt to the extent secured by all
of the Collateral, and nothing herein shall restrict in any manner or in any way the right of Borrower to obtain additional Credit
Extensions from Senior Creditor or the right of Senior Creditor to make available such additional Credit Extensions to Borrower
as Senior Creditor in its sole discretion may elect.

 

    	 	 - 10 -	 

    	 

    

 

21. Independent
Credit Investigations. Neither Creditor, nor any of such Creditor’s respective directors, officers, agents, employees,
successors or assigns, shall be responsible to the other or to any other Person for any Obligor’s financial condition (including
solvency or ability to repay any of the Subordinated Debt or any of the Senior Debt); statements of any Obligor, oral or written;
the validity, sufficiency or enforceability of any of the Subordinate Creditor Documents or any of the Senior Creditor Documents;
or the validity, perfection or priority of any Liens granted by any Obligor to either Party in connection with any of the Subordinate
Creditor Documents or any of the Senior Creditor Documents. Each Creditor has entered into its agreements with each Obligor based
upon its own independent investigation, and makes no warranty or representation to the other nor does it rely upon any representation
of the other with respect to matters identified or referred to in this Section.

 

22. No
Additional Rights of Obligors Hereunder. Nothing herein shall be construed to confer additional rights upon any Obligor.

 

23. Term
of Agreement. This Agreement shall continue in full force and effect and shall be irrevocable by any Party hereto until
the sooner to occur of the following: (i) Creditors in writing mutually agree to terminate this Agreement or (ii) the Senior Debt
is Paid in Full.

 

24. Entire
Agreement; Amendments. This Agreement expresses the entire understanding and agreement of the Parties hereto with respect
to the subject matter hereof and supersedes all prior understandings and agreements of the Parties regarding the same subject
matter. This Agreement may not be amended or modified except by a writing signed by the Parties hereto; provided, however,
that Creditors may in writing (without the necessity of the signature of any Obligor) amend, modify or waive any of the provisions
herein relating to the rights, duties, remedies, powers, privileges, Lien priorities or subordinations of either Creditor.

 

25. No
Third Party Beneficiaries. Nothing contained in this Agreement shall be deemed to indicate that this Agreement has been
entered into for the benefit of or may be enforced by any Person other than the Parties hereto.

 

26. Conflict
with Documents. The provisions of this Agreement are intended by the Parties to control any conflicting provisions in
the Senior Creditor Documents or the Subordinate Creditor Documents, including any covenants prohibiting further borrowing or
encumbrances of Collateral.

 

27. Counterparts;
Signatures. This Agreement may be executed in any number of counterparts and by different Parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original and all of which counterparts taken together shall
constitute but one and the same instrument. Any signature delivered by a Party by facsimile transmission or electronic means shall
be deemed to be an original signature hereto.

 

28. Successors
and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective
successors and assigns. In no event, however, shall either Creditor transfer or assign any Lien that it may have in any of the
Collateral to any Person unless the transferee or assignee thereof shall first agree in writing to be bound by the terms of this
Agreement the same as if an original signatory hereto. In addition to, and without limiting the generality of the immediately
preceding sentence, any Person whose loans or advances to Borrower hereafter are used to refinance and Pay in Full the Senior
Debt shall be deemed for all purposes hereof to be the successor to Senior Creditor, and from and after the date of any such refinancing
and Full Payment of the Senior Debt such Person shall be deemed a party hereto in the place and stead of Senior Creditor as if
such Person had been an original signatory hereto, and all loans, advances, liabilities, debit balances, covenants and duties
at any time or times owed by any or all of Obligors to such Person, whether direct or indirect, absolute or contingent, secured
or unsecured, due or to become due, then existing or thereafter arising, including any renewals, extensions, modifications, or
replacements of any of the foregoing, shall be deemed for all purposes hereunder to constitute and be Senior Debt. For removal
of doubt, under no circumstance shall the amount of the Priority Senior Debt be increased by virtue of any of the actions described
in this Section.

 

29. Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under California
law, but if any provision of this Agreement shall be prohibited by or invalid under California law, such provision shall be ineffective
only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions
of this Agreement.

 

    	 	 - 11 -	 

    	 

    

 

30. Governing
Law. This Agreement shall be interpreted, and the rights and obligations of the parties hereto determined, in accordance
with the internal laws of the State of California.

 

31. Litigation;
Jurisdiction and Venue. Each Party hereby irrevocably consents to the jurisdiction of the courts of the State of California
and of any federal court located in the State of California, in connection with any action or proceeding arising out of or relating
to this Agreement. In any such litigation, each Party waives personal service of any summons, complaint or other process, and
agrees that the service thereof may be made by certified or registered mail direct to such Party at its place of business set
forth in Section 17 hereof. The choice of forum set forth herein shall not be deemed to preclude the enforcement of any judgment
obtained in such forum or the taking of any action under this Agreement to enforce the same in any appropriate jurisdiction, or
the commencement by Senior Creditor, in its sole discretion, of any action or suit in any jurisdiction where any Collateral may
be found to repossess or foreclose upon any such Collateral.

 

32. Jury
Trial Waiver. To the fullest extent permitted by applicable law, each Party hereby waives all rights to a trial by jury in
connection with any claim, counterclaim, action, suit or other proceeding arising out of or related to this Agreement.

 

    	 	 - 12 -	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed and delivered by their duly authorized officers or agents
as of the day and year first above written.

 

	 	PRESTIGE
    CAPITAL CORPORATION
	 	(“Senior
    Creditor”)
	 	 	 
	 	By:	 
	 	Name:
    	Harvey
    L. Kaminski
	 	Title:
    	President/CEO
	 	 	 
	 	SUPER
    G CAPITAL, LLC
	 	(“Subordinate
    Creditor”)
	 	 	 
	 	By:	 
	 	Name:
    	Marc
    Cole
	 	Title:
    	Chief
    Financial Officer
	 	 	 
	 	ITECH
    US, INC.
	 	(“Borrower”)
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	 - 13 -Purchase
and Sale Agreement (“Agreement”)

 

1.
ASSIGNMENT. KISHORE KHANDAVALLI (“Lender”) hereby buys and ITECH US, INC. (“Seller”) hereby

 

sells,
transfers and assigns all of Seller’s right, title and interest in and to those specific accounts receivable owing to Seller
described as Invoices over 90 Days and totaling $266,671.52 detailed in the Accounts Receivable Detailed Term Aging By Company
Name as of 08/07/17 Corporation #: 200 Smartworks, LLC report sent to Sharedlabs, Inc. (“SL”) on August 7,
2017 and those receivables described as Invoices over 90 Days and totaling $118,674.96 detailed in the Accounts Receivable Detailed
Term Aging By Company Name as of 08/07/17 Corporation #: 100 iTech US, Inc. report sent to SL on August 7, 2017 together with
all rights of action accrued or to accrue thereon, including without limitation, full power to collect, sue for, compromise, assign
or in any other manner enforce collection thereof in Lender’s name or otherwise. All of Seller’s accounts receivable
and contract rights which are presently or at any time hereafter assigned by Seller, and accepted by Lender, are collectively
referred to as (the “Accounts”). As consideration for such assignment, Lender has extended financing to SL,
the parent corporation of Seller, as evidenced by a promissory note in the original principal amount of $231,289 dated as of June
30, 2017 (the “Note”). By execution of this Agreement, Seller acknowledges that it has indirectly derived benefits
from the extension of such financing and that it constitutes legally sufficient and valid consideration for its obligations under
this Agreement.

 

2.
APPLICATION OF PAYMENTS. Amounts paid to Lender by the Accounts shall be applied as repayments of the indebtedness of SL to
Lender under the Note. Upon payment in full of the Note, this Agreement shall terminate and Lender shall sell, transfer and convey
any Accounts then unpaid back to Seller, free and clear of all liens, claims, and encumbrances.

 

3.
WARRANTIES, REPRESENTATION AND COVENANTS. As an inducement for Lender’s entering into this Agreement and with full knowledge
that the truth and accuracy of the warranties, representations and covenants in this Agreement are being relied upon by Lender,
Seller warrants, represents and covenants that:

 

	 	(a)
    	Seller
    is the sole and absolute owner of the Accounts and has the full legal right to make said sale, assignment and transfer;
	 	 	 
	 	(b)
    	As
    of the date of this Agreement, each Account is an accurate and undisputed statement of indebtedness from an account debtor
    for a sum certain, without offset or counterclaim and which is due and payable in ninety days or less;
	 	 	 
	 	(c)
    	Each
    Account is an accurate statement of a bona fide sale, delivery and acceptance of merchandise or performance of service by
    Seller to an account debtor;
	 	 	 
	 	(d)
    	Seller
    does not own, control or exercise dominion in any way whatsoever, over the business of any account debtor;
	 	 	 
	 	(e)
    	Seller
    will not under any circumstance or in any manner whatsoever, interfere with any of Lender’s rights under this Agreement;
	 	 	 
	 	(f)
    	Seller
    will not change or modify the terms of the Accounts with any account debtor unless Lender first consents, in writing;

 

    	Pg 1 of 4

     

    

 

	 	(g)	Seller
    will notify Lender, in writing, in advance of: any change in Seller’s place of business; Seller having or acquiring
    more than one place of business; any change in Seller’s chief executive office; and/or any change in the office or offices
    where Seller’s books and records concerning accounts receivable are kept;
	 	 	 
	 	(h)
    	Seller
    will immediately notify Lender of any proposed or actual change of the Seller’s, legal entity or corporate structure,
    and upon receipt of notice thereof, any proposed or actual change in any account debtor’s identity;
	 	 	 
	 	(i)
    	A
    notification letter from Seller to payors on the Accounts, in form presented by Lender will state that the Accounts represented
    thereby have been assigned to Lender and are to be paid directly to Lender;
	 	 	 
	 	(j)
    	No
    Account shall be on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other repurchase
    or return basis; and
	 	 	 
	 	(k)
    	Seller
    will immediately remit to Lender all payments received in respect of the Accounts. 

 

The
warranties, representations and covenants contained in this paragraph 5 shall be continuous and be deemed to be renewed each time
Seller assigns Accounts to Lender. Lender shall have recourse against the Seller in the event that any of the warranties, representations
and covenants set forth in this paragraph 3 are breached.

 

4.
NOTICE OF DISPUTE. Seller must immediately notify Lender of any disputes between any account debtor and Seller.

 

5.
SETTLEMENT OF DISPUTE. Upon 10 days notice to Seller, Lender may, at its option, settle any dispute with any account debtor.
Such settlement does not relieve Seller of any of its obligations under this Agreement or the obligations of SL under the Note.

 

6.
SOLE PROPERTY. Once Lender has purchased the Accounts, the payment from account debtors relative to the Accounts is the sole
property of Lender. Any interference by Seller with this payment will result in civil and/or criminal liability.

 

7.
HOLD IN TRUST. Seller will hold in trust and safekeeping, as the property of Lender and immediately turn over to Lender, the
identical check or other form of payment received by Seller if payment on the Accounts comes into Seller’s possession. Should
Seller come into possession of a check comprising payments owing to both Seller and Lender, Seller shall promptly turnover said
check to Lender. In the event a payment belonging to Lender is improperly deposited into Seller’s bank account, Lender reserves
the right to impose liquidated damages upon Seller of up to 15% of the amount of any payment so improperly deposited.

 

8.
FINANCIAL RECORDS. Seller will furnish to Lender financial statements and such other information as is, from time to time,
as reasonably requested by Lender.

 

9.
BOOK ENTRY. Seller will immediately, upon the sale of the Accounts, make the proper entry on its books and records disclosing
the absolute sale of the Accounts to Lender.

 

    	Pg 2 of 4

     

    

 

10.
POWER OF ATTORNEY. In order to implement this Agreement, Seller irrevocably appoints Lender its special attorney in fact or
agent with power to:

 

	 	(a)
    	Strike
    out Seller’s address on any correspondence to any account debtor and put on Lender’s address;
	 	 	 
	 	(b)
    	Receive
    and open all mail addressed to Seller via Lender’s address related to Accounts;
	 	 	 
	 	(c)	Endorse
    the name of Seller or Seller’s trade name on any checks or other evidences of payment that may come into the possession
    of Lender in connection with the Accounts;
	 	 	 
	 	(d)
    	In
    Seller’s name, or otherwise, demand, sue for, collect any and all monies due in connection with the Accounts; and
	 	 	 
	 	(e)
    	Compromise,
    prosecute or defend any action, claim or proceeding relative to the Accounts;

 

The
authority granted to Lender shall remain in full force and effect until the Accounts are paid in full and the entire indebtedness
of Seller to Lender is discharged.

 

11.
ADDITIONAL NOTIFICATION; VERIFICATION OF ACCOUNTS

 

		(a)
    	Without
    in any way limiting the terms and provisions of paragraph 3(i) hereinabove, Lender may, upon default by Seller and in its
    sole discretion, notify any account debtor to make payment on any of the Accounts  to Lender;
	 	 	 
	 	 	and
	 	 	 
	 	(b)
    	Lender,
    or any of its agents, may at any time verify the Accounts by any commercially reasonably means deemed appropriate by Lender.

 

12.
NO ASSUMPTION. Nothing contained in this Agreement shall be deemed to impose any duty or obligation upon Lender in favor of
any account debtor and/or any other party in connection with the Accounts.

 

13.
LEGAL FEES; EXPENSES. Seller will pay on demand any and all collection expenses and reasonable outside legal counsel’s
fees that Lender incurs in the event it should become necessary for Lender to enforce its rights under this Agreement. In addition,
Seller will pay on demand all reasonable costs and expenses incurred by Lender in any way relating to the transactions contemplated
by this Agreement, including, without limitation, all reasonable attorneys’ fees, Federal Express costs (or similar expenses),
wire transfer costs, certified mail costs, facsimile transmission costs and lien search costs.

 

14.
BINDING ON FUTURE PARTIES. This Agreement shall inure to the benefit of and is binding upon the heirs, executors, administrators,
successors and assigns of the parties hereto, except that Seller may not assign or transfer any or all of its rights and obligations
under this Agreement to any party without the prior written consent of Lender.

 

15.
WAIVER; ENTIRE AGREEMENT. No failure or delay on Lender’s part in exercising any right, power or remedy granted to Lender
herein, will constitute or operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy
preclude any other or further exercise thereof or the exercise of any other right set forth herein. This Agreement contains the
entire agreement and understanding of the parties hereto and no amendment, modification or waiver of, or consent with respect
to, any provision of this Agreement, will in any event be effective unless the same is in writing and signed and delivered by
Lender.

 

16.
DELAWARE LAW. This Agreement shall be deemed executed in the State of New Jersey and, in all respects shall be governed and
construed in accordance with the laws of the State of Delaware, without reference to its principles of conflicts of law.

 

17.
INDEMNITY. Seller shall hold Lender harmless from and against any action or other proceeding brought by any account debtor
against Lender arising from Lender’s collecting or attempting to collect any of the Accounts.

 

    	Pg 3 of 4

     

    

 

18.
INVALID PROVISIONS. If any provision of this Agreement shall be declared illegal or contrary to law, it is agreed that such
provision shall be disregarded and this Agreement shall continue in force as though said provision had not been incorporated herein.

 

19.
EFFECTIVE. This Agreement shall become effective when it is accepted and executed by an authorized officer of Lender. Facsimile
machine or PDF copies of an original signature by either party on this Agreement shall be binding as if said copies were original
signatures.

 

20.
JURY WAIVER. The parties hereto hereby mutually waive trial by jury in the event of any litigation with respect to any matter
connected with this Agreement.

 

	 	 	 	Accepted:
	 	 	 	 	 
	ITECH
    US, INC. 	 	LENDER
	 	 	 	 	 
	By:	 	 	 	 
	 	JASON
    M. CORY, President	 		KISHORE KHANDAVALLI
	 	 	 	 	 
	This______day
    of_______________, 2017	 	This______day of________________, 2017

 

In
consideration of the foregoing Agreement, the undersigned hereby personally agrees to be jointly and severally liable for any
damages suffered by Lender by virtue of the breach of any warranty, representation or covenant made by Seller in paragraph 3 above.

 

	Date:
    	 	 	By:	 
	 	 	 	 	JASON
    M. CORY, Individually

 

On
this_______day of____________in the year_________before me, the undersigned, a notary public in and for the said state, personally appeared__________________, personally
known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within
instrument and acknowledged to me, he/she/they executed the same in his/her capacity, and that by his/her signature on the instrument,
the individual, or the person upon behalf of which the individual acted, executed the instrument.

 

		 	 	 	State:	 

	Notary
    Public (Signature) 	 	Notary-
    Print Name 	 	Commission
    Expires:	 

 

    	Pg 4 of 4

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