Document:

EX-10.4

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of October 1, 2020 (the “Effective
Date”) by and between Claudius (Bud) E. Watts IV (“Employee”) and CommScope, Inc., a Delaware corporation (the “Company”). 

WITNESSETH: 
 WHEREAS, the
Company desires to employ Employee in the capacity hereinafter stated, and Employee desires to be in the employ of the Company in such capacity for the period and on the terms and conditions set forth in this Agreement; 

NOW THEREFORE, in consideration of the foregoing, and the mutual agreements and covenants contained herein, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows: 
 1. Employment. Subject to the provisions of Section 6, the
Company hereby employs Employee and Employee accepts such employment upon the terms and conditions hereinafter set forth (the “Employment”). 

2. Term of Employment. This Agreement shall be effective as of the Effective Date and shall terminate on the first anniversary
thereof, unless earlier terminated as provided in Section 6 (the “Initial Term”). Upon the expiration of the Initial Term or any Renewal Term (as defined below), Employee’s Employment shall be automatically renewed for an
additional one-year period (each such one-year period being a “Renewal Term”), unless the Company or Employee has given written notice to the other of
its intent not to renew this Agreement (a “Non-Renewal Notice”) at least 60 days prior to the expiration of the Initial Term or any Renewal Term, as the case may be. During any Renewal Term,
the terms, conditions and provisions set forth in this Agreement shall remain in effect unless modified in accordance with this Agreement. 

3. Duties; Extent of Service. During the Employment, Employee shall serve as an employee of the Company with the title and position of
Chairman of the Board. In this capacity, Employee shall have all the authority and responsibility customarily associated with such position in a company of the size and nature of the Company. Employee shall also be available to management as an
advisor. Employee shall report directly to the Board of Directors of the Company (the “Board”) or the Board of CommScope Holding Company, Inc. (“Parent”), as the context requires. In addition, Employee may be asked
from time to time to serve as a director or officer of one or more of the Company’s or Parent’s current or future direct and indirect subsidiaries, and Executive shall serve in such capacities without further compensation. Employee agrees
to comply with all applicable laws and the Company’s policies and procedures as may be adopted and changed from time to time and that are provided to Employee, including those described in the Company’s employee handbook, provided that if
this Agreement conflicts with such policies or procedures, this Agreement will control. Employee hereby accepts such employment, agrees to serve the Company in the capacity indicated, and agrees to use Employee’s best efforts in, and devote
sufficient time, attention, skill and energies to, the advancement of the interests of the Company, Parent and their direct and indirect subsidiaries (collectively, the “Company Group”) and the performance of Employee’s duties
and responsibilities hereunder; provided, that Employee shall not be required to devote his full working time to the performance of his duties hereunder. 

 4. Compensation. 

(a) During the Employment, the Company shall pay Employee a salary at the annual rate of $600,000 (the “Base Salary”). Such
Base Salary may be increased at any time by the Board of Directors of Parent or a committee thereof. The Base Salary shall be subject to withholding under applicable law, shall be prorated for partial years and shall be payable in semi-monthly or
biweekly installments in accordance with the Company’s usual practice as in effect from time to time. 
 (b) During the Employment,
Employee shall not be eligible to earn an annual bonus or otherwise participate in the CommScope Holding Company, Inc. Annual Incentive Plan (as such plan may be amended and modified). 

(c) Following the Effective Date, Parent will issue Employee 100,000 restricted stock units that vest in equal installments on the first three
anniversaries of the grant date, subject to Employee’s continued employment with the Company. In addition, following the Effective Date, Parent will issue to Employee an equity award pursuant to which up to 220,000 shares may be earned, based
upon the achievement of certain hurdles relating to Parent’s stock price and Employee’s continued employment with the Company over a four-year period. Such equity awards will be issued pursuant to the Parent’s Long-Term Incentive Plan
and will be memorialized in separate award certificates. Employee shall not be eligible for any other equity award of Parent until the fiscal year commencing January 1, 2022 and any equity awards granted thereafter shall be subject to approval
by the Parent Board or a committee thereof in its sole and absolute discretion.
 5. Benefits. 

(a) During the Employment, Employee shall be entitled to participate in any and all benefit plans of general application to the executives of
the Company, as may be in effect from time to time in the discretion of the Board (the “Benefit Plans”), including, by way of example only, medical, dental and life insurance plans and disability income plans, retirement
arrangements and other employee benefits plans the Board deems appropriate; provided that Employee shall not be entitled to participate in any severance program or policy of the Company other than as specifically set forth herein. Such participation
shall be subject to (i) the terms of the applicable Benefit Plan documents (including, as applicable, provisions granting discretion to the Board or any administrative or other committee provided for therein or contemplated thereby) and
(ii) generally applicable policies of the Company. 
 (b) The Company shall promptly reimburse Employee for all reasonable, documented
business expenses incurred by Employee in connection with the business of the Company, in accordance with the Company’s practices, as in effect from time to time, subject to Section 17(d) (“Expenses”). 

(c) Compliance with the provisions of this Section 5 shall in no way create or be deemed to create any obligation, express or implied, on
the part of the Company Group with respect to the continuation of any particular benefit or other plan or arrangement maintained by them or their subsidiaries as of or prior to the date hereof or the creation and maintenance of any particular
benefit or other plan or arrangement at any time after the date hereof. 
 6. Termination and Termination Benefits. Notwithstanding
the provisions of Section 2, the Employment shall terminate under the circumstances set forth in this Section 6. 
 (a)
Termination by the Company for Cause. The Employment may be terminated by the Company for Cause (as defined below) without further liability on the part of the Company Group, 

  
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effective immediately upon written notice to Employee specifying in reasonable detail the grounds for termination for Cause (subject to any cure periods expressly provided for in this
Section 6(a)). Only the following, as determined by the Board or the Parent Board, shall constitute “Cause” for such termination: 

(i) Employee’s indictment, conviction of or plea of guilty or nolo contendere to, or a judgment against Employee in any
quasi-criminal judicial or administrative proceeding (including without limitation, any proceeding by a federal, state or local regulatory agency or body) with respect to, any crime constituting a felony, or a crime which involves Employee’s
moral turpitude, fraud, theft or embezzlement. For this purpose, a judgment shall include any consent decree, settlement, cease and desist order or similar conclusion to any quasi-criminal judicial or administrative proceeding; 

(ii) Employee’s commission of any other act of theft, dishonesty, fraud, or falsification of an employment record in
connection with the performance of his duties as an employee or director of the Company Group; 
 (iii) Employee’s
refusal to perform his duties to the Company Group or to obey the lawful and reasonable directives of the Board and Parent’s Board (so long as such lawful and reasonable directives are also consistent with Employee’s duties, title and
reporting order provided elsewhere this Agreement); 
 (iv) Employee’s gross negligence, willful misconduct or willful
malfeasance in connection with Employee’s services to the Company Group; 
 (v) Employee’s material violation of
reasonable business standards, legal requirements or any written policy of the Company or Parent applicable to Employee that relate to equal employment opportunity, discrimination, harassment or retaliation or that customarily are punishable by
termination of employment; or 
 (vi) Employee’s material breach of this Agreement or any confidentiality or non-disclosure obligations under any other written agreement between Employee and any member of the Company Group. 

Notwithstanding the foregoing, in the case of any conduct described in clauses (iii), (v) or (vi) of the immediately preceding sentence,
if such conduct is reasonably susceptible of being cured, then Employee’s termination shall be for “Cause” only if Employee fails to cure such conduct to the Board’s reasonable satisfaction within ten (10) days after
receiving written notice from Company describing such conduct in reasonable detail; provided that the conduct in clause (iii) may only be cured by Employee on two separate occasions, and no cure shall be applicable to such conduct thereafter.

 (b) Termination by the Company Without Cause. The Employment may be terminated without Cause by the Company upon written notice to
Employee, and upon any such termination and subject to Section 17, Employee shall be entitled to the payment of Termination Benefits (as defined below). It is expressly agreed and understood that if this Agreement is terminated by the Company
without Cause as provided in this Section 6(b), it shall not impair or otherwise affect Employee’s Continuing Obligations (as defined below). Termination of Employment upon expiration of the Initial Term or any Renewal Term following a
decision by the Company not to extend the Term of Employment pursuant to Section 2 shall constitute a termination without Cause. 

  
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 (c) Termination by Employee for Good Reason. The Employment may be terminated by
Employee for Good Reason (as defined below), and upon any such termination and subject to Section 17, Employee shall be entitled to the payment of Termination Benefits, provided that Employee first delivers to the Company prior written
notice, no later than sixty (60) days after the initial occurrence of any such event, of such intended termination, and provided further that the Company fails to cure any such events indicated in such notice (to the extent such
cure is reasonably possible) within thirty (30) days from the date of such notice. If such event has not been cured within such 30-day period, the termination of Employment by Employee for Good Reason
shall be effective as of a date chosen by Employee within the sixty (60) day period immediately following the expiration of the 30-day cure period. Only the following, without Employee’s consent,
shall constitute “Good Reason: 
 (i) a material reduction in the Base Salary (which, for the avoidance of doubt,
shall mean a 5% or greater reduction in the Base Salary); provided that a reduction in Base Salary that is made in connection with general reduction in the base salary of all senior executives of the Company shall not be considered a
reduction in Base Salary giving rise to Good Reason; 
 (ii) any change in Employee’s title or position as Chairman
(other than a change to become the non-employee Chairman with the consent of Employee); 

(iii) any change in the reporting structure of Employee’s position such that Employee is required to report, directly or
indirectly, to a person other than the Board or Parent’s Board; 
 (iv) any requirement to permanently relocate to the
Company’s headquarters; or 
 (v) any material breach by the Company of this Agreement, including but not limited to a
failure to require any successor of the Company to assume the obligations of the Company under this Agreement pursuant to Section 15. 

(d) Termination by Employee other than for Good Reason. Employee’s employment under this Agreement may be terminated by Employee
other than for Good Reason by written notice to the Board at least sixty (60) days prior to such termination. During the notice period, Employee shall diligently perform any assigned duties. The Company may make such resignation effective at
any point during the notice period. Termination of Employment upon expiration of the Initial Term or any Renewal Term following a decision by Employee not to extend the Term of Employment pursuant to Section 2 shall constitute a termination
other than for Good Reason. 
 (e) Certain Termination Benefits. Unless otherwise specifically provided in this Agreement or otherwise
required by law, all compensation and benefits payable to Employee under this Agreement shall terminate on the date of termination of the Employment; provided, however, (a) Employee shall be entitled to receive any earned but
unpaid Base Salary through the date of termination, (b) Employee shall be entitled to receive any Expenses incurred and unpaid through the date of termination and (c) Employee’s rights under the Benefit Plans shall be determined under
the provisions of such Benefit Plans (the amounts and rights described in clauses (a) through (c), collectively, the “Accrued Obligations”). Notwithstanding the foregoing, in the event of a termination of the Employment without
Cause pursuant to Section 6(b) or in the event of a termination of the Employment with the Company for Good Reason pursuant to Section 6(c), then, subject to Section 17, the Company shall provide to Employee the following termination
benefits (“Termination Benefits”) in addition to the Accrued Obligations: 

  
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 (i) an amount equal to (A) the Employee’s Base Salary payable in
twelve (12) equal installments during the twelve (12) month period following the date of termination (the “Termination Benefits Period”) or (B) two (2) times the Employee’s Base Salary if such termination occurs
within twenty-four (24) months following a “Change in Control” (as defined below), payable in a single lump sum cash payment following the date of termination, which payments shall be subject to withholding under applicable law and
shall be made in accordance with the Company’s usual payroll practice as in effect from time to time; 
 (ii) during the
Termination Benefits Period, in periodic installments, in accordance with the Company’s usual payroll practice as in effect from time to time, a cash payment equal to the cost the Company would have incurred had Employee continued group
medical, dental, vision and/or prescription drug benefit coverage for himself and his eligible dependents under the group health plan(s) sponsored by Company covering Employee and his eligible dependents at the time of Employee’s termination of
employment (the “Health Coverage”) for the Termination Benefits Period; provided, however, that (A) the cost of such Health Coverage shall be determined at the same level of benefits as is generally available to similarly
situated employees and is subject to any modifications made to the same coverage provided to similarly situated employees, including but not limited to termination of the group health plans sponsored by Company; (B) the Company shall pay the
excess of the COBRA cost of such coverage over the amount that Employee would have had to pay for such coverage if he had remained employed during the Termination Benefits Period and paid the active employee rate for such coverage (the
“COBRA Cost”); and (C) the time during which Employee receives the payments pursuant to this Section 6(e)(iv) shall run concurrently with any period for which Employee is eligible to elect health coverage under COBRA. 

The Termination Benefits above shall continue so long as Employee remains in compliance with Employee’s Continuing Obligations under this
Agreement. The Company’s liability for Termination Benefits shall be reduced by the amount of any severance, if any, actually paid to Employee pursuant to any severance pay plan of the Company. Notwithstanding the foregoing, nothing in this
Section 6(e) shall be construed to affect Employee’s right to receive COBRA continuation entirely at Employee’s own cost to the extent that Employee may continue to be entitled to COBRA continuation after Employee’s right to
receive payments under Section 6(e)(ii) ceases. 
 The Company and Employee agree that the Termination Benefits paid by the Company to
Employee under this Section 6(e) shall be in full satisfaction, compromise and release of any claims arising out of any termination of Employee’s employment without Cause pursuant to Section 6(b), or a termination of Employee’s
employment with the Company for Good Reason pursuant to Section 6(c). The payment of the Termination Benefits shall be contingent upon Employee’s timely delivery as provided below of a separation agreement containing a general release of
any and all claims (other than those arising or otherwise provided for under this Agreement) in a customary form reasonably satisfactory to the Company (and without any additional obligations upon Employee beyond those provided for in, or otherwise
inconsistent with, this Agreement) (the “Release”), it being understood that no Termination Benefits shall be provided unless and until Employee timely executes and delivers, and does not rescind, the Release, except that the
Release shall not require a waiver of any of the Accrued Obligations. The Release must be executed, and all revocation periods must have expired, within sixty (60) days after the date of termination of Employment, failing which such
payment or benefit shall be forfeited. The Company may elect to commence payment of Termination Benefits at any time during such sixty (60)-day period; provided, however, that if such sixty (60)-day period begins in one taxable year and ends in 

  
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the following taxable year, then the Company shall commence payment of Termination Benefits in the second taxable year. If such payment or benefit is exempt from Section 409A of the
Code, the Company may elect to make or commence payment of Termination Benefits at any time during such sixty (60)-day period. 

For purposes of this Agreement, “Change in Control” shall mean any of the following: 

(i) an acquisition (other than directly from Parent) of any securities issued by Parent which generally entitle the holder
thereof to vote for the election of directors of Parent (“Voting Securities”) by any “person,” within the meaning of Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (“Person”),
immediately after which such Person has “beneficial ownership,” within the meaning under Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (“Beneficial
Ownership”) of more than thirty-three percent (33%) of (i) the then-outstanding Shares or (ii) the combined voting power of Parent’s then-outstanding Voting Securities; provided, however, that in determining whether a
Change in Control has occurred pursuant to this paragraph (i), the acquisition of Shares or Voting Securities in a Non-Control Acquisition (as hereinafter defined) shall not constitute a Change in Control. A
“Non-Control Acquisition” shall mean an acquisition by (i) an employee benefit plan (or a trust forming a part thereof) maintained by (A) Parent or (B) any corporation or other
Person the majority of the voting power, voting equity securities or equity interest of which is owned, directly or indirectly, by Parent (for purposes of this definition, a “Related Entity”), (ii) Parent or any Related Entity, or
(iii) any Person in connection with a Non-Control Transaction (as hereinafter defined); 

(ii) the individuals who, as of the Effective Date, are members of the Board of Directors of Parent (the “Incumbent
Board”), cease for any reason to constitute at least two-thirds of the members of the Board of Directors of Parent or, following a Merger (as hereinafter defined), the board of directors of
(i) the corporation resulting from such Merger (the “Surviving Corporation”), if fifty percent (50%) or more of the combined voting power of the then-outstanding voting securities of the Surviving Corporation is not
Beneficially Owned, directly or indirectly, by another Person (a “Holding Corporation”) or (ii) if there is one or more than one Holding Corporation, the ultimate Holding Corporation; provided, however, that, if the
election, or nomination for election by Parent’s common shareholders, of any new director was approved by a vote of at least two-thirds of the Incumbent Board, such new director shall, for purposes of
this Agreement, be considered a member of the Incumbent Board; and provided, further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of an actual or
threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors of Parent (a “Proxy Contest”), including by reason of any agreement intended to avoid or settle any Proxy Contest; or 

  
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 (iii) the consummation of: 

(1) a merger, consolidation or reorganization (x) with or into Parent or (y) in which securities of Parent are
issued (a “Merger”), unless such Merger is a “Non-Control Transaction.” A “Non-Control Transaction” shall mean a Merger in
which: 
 (A) the shareholders of Parent immediately before such Merger own directly or indirectly immediately following
such Merger at least a majority of the combined voting power of the outstanding voting securities of (1) the Surviving Corporation, if there is no Holding Corporation or (2) if there is one or more than one Holding Corporation, the
ultimate Holding Corporation; 
 (B) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for such Merger constitute at least a majority of the members of the board of directors of (1) the Surviving Corporation, if there is no Holding Corporation, or (2) if there is one or more than one
Holding Corporation, the ultimate Holding Corporation; and 
 (C) no Person other than (1) Parent or another
corporation that is a party to the agreement of Merger, (2) any Related Entity, or (3) any employee benefit plan (or any trust forming a part thereof) that, immediately prior to the Merger, was maintained by Parent or any Related Entity,
or (4) any Person who, immediately prior to the Merger had Beneficial Ownership of thirty-three percent (33%) or more of the then outstanding Shares or Voting Securities, has Beneficial Ownership, directly or indirectly, of
thirty-three percent (33%) or more of the combined voting power of the outstanding voting securities or common stock of (x) the Surviving Corporation, if there is no Holding Corporation, or (y) if there is one or more than one Holding
Corporation, the ultimate Holding Corporation; 
 (2) a complete liquidation or dissolution of Parent; or 

(3) the sale or other disposition of all or substantially all of the assets of Parent and its subsidiaries (as defined in
Section 424(f) (or a successor provision to such section) of the Code, and regulations and rulings thereunder, with Parent being treated as the employer corporation for purposes of such definition) taken as a whole to any Person (other than
(x) a transfer to a Related Entity or (y) the distribution to Parent’s shareholders of the stock of a Related Entity or any other assets). 

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject
Person”) acquired Beneficial Ownership of more than the permitted amount of the then outstanding Shares or Voting Securities as a result of the acquisition of Shares or Voting Securities by Parent which, by reducing the number of Shares or
Voting Securities then outstanding, increases the proportional number of Shares Beneficially Owned by the Subject Persons; provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the
acquisition of Shares or Voting Securities by Parent and, after such share acquisition by Parent, the Subject Person becomes the Beneficial Owner of any additional Shares or Voting Securities and such Beneficial Ownership increases the percentage of
the then outstanding Shares or Voting Securities Beneficially Owned by the Subject Person, then a Change in Control shall occur. 

  
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 (f) Disability. If Employee shall be disabled so as to be unable to perform the
essential functions of Employee’s then-existing position or positions under this Agreement with or without reasonable accommodation (“Disability”), the Board may terminate the Employment. In the event of such termination on
account of Employee’s Disability, the Company Group shall have no further obligations to Employee except the Company shall pay to Employee the Accrued Obligations. If any question shall arise as to whether during any period Employee is disabled
so as to be unable to perform the essential functions of Employee’s then-existing position or positions with or without reasonable accommodation, Employee may, and at the request of the Company shall, submit to the Company a certification in
reasonable detail by a physician mutually acceptable to the Company and Employee or Employee’s guardian as to whether Employee is so disabled or how long such disability is expected to continue, and such certification shall for the purposes of
this Agreement be conclusive of the issue. Employee shall cooperate with any reasonable request of the physician in connection with such certification. If such question shall arise and Employee shall fail to submit such certification, the
Company’s determination of such issue shall be binding on Employee. Nothing in this Section 6(f) shall be construed to waive Employee’s rights, if any, under existing law including, without limitation, the Family and Medical Leave Act
of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities Act, 42 U.S.C. §12101 et seq. 
 (g) Death.
Employee’s Employment and all obligations of the Company and Employee hereunder shall terminate in the event of the death of Employee; provided that the Company shall pay to Employee’s estate the Accrued Obligations as soon as practicable
following Employee’s death. 
 (h) Continuing Obligations. Notwithstanding termination of this Agreement as provided in this
Section 6 (other than Section 6(g)) or any other termination of Employee’s Employment with the Company, Employee’s obligations under Sections 7 and 8 hereof (the “Continuing Obligations”) shall survive any
termination of Employee’s Employment with the Company at any time and for any reason. 
 7. Restrictive Covenants. In
consideration of Employee’s employment hereunder, Employee agrees to the following restrictions. 
 (a) Acknowledgments. 

(i) Access to Confidential Information and Relationships. Employee acknowledges and agrees that as a result of
Employee’s employment with the Company, Employee’s knowledge of and access to confidential and proprietary information, and Employee’s relationships with the Company Group’s customers and employees, Employee would have an unfair
competitive advantage if Employee were to engage in activities in violation of the Restrictive Covenants. Employee also acknowledges and agrees that these Restrictive Covenants are necessary to protect the trade secrets of Company. 

(ii) No Undue Hardship. Employee acknowledges and agrees that, in the event that his employment with the Company
terminates, Employee possesses marketable skills and abilities that will enable Employee to find suitable employment without violating the Restrictive Covenants. 

(iii) Voluntary Execution. Employee acknowledges and affirms that he is entering into the Agreement voluntarily and that
he has read the Agreement carefully and had a full and reasonable opportunity to consider the Restrictive Covenants (including an opportunity to consult with legal counsel). 

  
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 (b) Definitions. The following capitalized terms used in this
Section 7 shall have the meanings assigned to them below, which definitions shall apply to both the singular and the plural forms of such terms: 

(i) “Competitive Services” means the business of designing, building, managing, selling or representing
(i) wired and wireless networks, (ii) radio frequency wireless networks including macro, metro, DAS and small cell solutions, (iii) indoor network solutions for commercial buildings, data centers, central offices and cable television
head ends, (iv) outdoor network solutions for telecom service providers and cable TV networks, including FTTX solutions, (v) appliances at homes that deliver internet or paid TV, (vi) software and appliances in cable and telecom
networks to create and manage signals for internet and video, and (vii) appliances in enterprises that deliver wired and wireless connectivity to end users, as well as the business of providing any other activities, products, or services of the
type conducted, authorized, offered, or provided by the Company Group as of Employee’s Termination Date, or during the one (1) year immediately prior to Employee’s Termination Date. 

(ii) “Confidential Information” means any and all data and information relating to the Company Group, their
activities, business, or clients that (i) is disclosed to Employee or of which Employee becomes aware as a consequence of his employment with the Company; (ii) has value to the Company Group; and (iii) is not generally known outside
of the Company Group. “Confidential Information” shall include, but is not limited to the following types of information regarding, related to, or concerning the Company Group: trade secrets (as defined by N.C. Gen. Stat. § 66-152(3)); financial plans and data; management planning information; business plans; operational methods; market studies; marketing plans or strategies; pricing information; product development techniques or
plans; customer lists; customer files, data and financial information; details of customer contracts; current and anticipated customer requirements; identifying and other information pertaining to business referral sources; past, current and planned
research and development; computer aided systems, software, strategies and programs; business acquisition plans; management organization and related information (including, without limitation, data and other information concerning the compensation
and benefits paid to officers, directors, employees and management); personnel and compensation policies; new personnel acquisition plans; and other similar information. “Confidential Information” also includes combinations of information
or materials which individually may be generally known outside of the Company Group, but for which the nature, method, or procedure for combining such information or materials is not generally known outside of the Company Group. In addition to data
and information relating to the Company Group, “Confidential Information” also includes any and all data and information relating to or concerning a third party that otherwise meets the definition set forth above, that was provided or made
available to the Company Group by such third party, and that the Company Group has a duty or obligation to keep confidential. This definition shall not limit any definition of “confidential information” or any equivalent term under state
or federal law. “Confidential Information” shall not include information that has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the
Company Group. 
 (iii) “Material Contact” means (i) having dealings with a customer or potential
customer on behalf of the Company Group; (ii) coordinating or supervising dealings with a customer or potential customer on behalf of the Company Group; (iii) obtaining Confidential Information about a customer or potential customer in the
ordinary course of business as a result of Employee’s employment with the Company; or (iv) receiving compensation, commissions, or earnings within the one (1) year prior to the Termination Date that resulted from the sale or provision
of products or services of the Company Group to a customer. 

  
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 (iv) “Principal or Representative” means a principal,
owner, partner, shareholder, joint venturer, investor, member, trustee, director, officer, manager, employee, agent, representative or consultant. 

(v) “Protected Customer” means any Person to whom the Company Group has sold its products or services or
actively solicited to sell its products or services, and with whom Employee has had Material Contact on behalf of the Company Group during his employment with the Company. 

(vi) “Restrictive Covenants” means the restrictive covenants contained in Section 7 of this Agreement.

 (vii) “Restricted Period” means any time during Employee’s employment with the Company, as well as
one (1) year from Employee’s Termination Date. 
 (viii) “Termination” means the termination of
Employee’s employment with the Company, for any reason, whether with or without Cause, upon the initiative of either party. 

(ix) “Termination Date” means the date of Employee’s Termination. 

(x) “Work Product” means all ideas, formulas, recipes, discoveries, trade secrets, inventions, innovations,
improvements, developments, methods of doing business, processes, programs, designs, analyses, drawings, reports, blueprints, data, software, source code, object code, firmware, logos and all similar or related information (whether or not patentable
and whether or not reduced to practice) which relate to the Company Group’s business that are conceived, developed, acquired, contributed to, made or reduced to practice by Employee during the course of his employment with the Company (either
solely or jointly with others). 
 (c) Restriction on Disclosure and Use of Confidential Information. Employee agrees
that Employee shall not, directly or indirectly, use any Confidential Information on Employee’s own behalf or on behalf of any Person other than Company Group, or reveal, divulge, or disclose any Confidential Information to any Person not
expressly authorized by the Company to receive such Confidential Information. This obligation shall remain in effect for as long as the information or materials in question retain their status as Confidential Information. Employee further agrees
that he shall fully cooperate with the Company in maintaining the Confidential Information to the extent permitted by law. The parties acknowledge and agree that this Agreement is not intended to, and does not, alter either the Company’s rights
or Employee’s obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices. Anything herein to the contrary notwithstanding, Employee shall not be restricted from: (i) disclosing
information that is required to be disclosed by law, court order or other valid and appropriate legal process; provided, however, that in the event such disclosure is required by law, Employee shall provide the Company with prompt notice of such
requirement so that the Company may seek an appropriate protective order prior to any such required disclosure by Employee; (ii) reporting possible violations of federal, state, or local law or regulation to any

  
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governmental agency or entity, or from making other disclosures that are protected under the whistleblower provisions of federal, state, or local law or regulation, and Employee shall not need
the prior authorization of the Company to make any such reports or disclosures and shall not be required to notify the Company that Employee has made such reports or disclosures; (iii) disclosing a trade secret (as defined by 18 U.S.C. §
1839) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, in either event solely for the purpose of reporting or investigating a suspected violation of law; or (iv) disclosing a
trade secret (as defined by 18 U.S.C. § 1839) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

(d) Work Product. Employee acknowledges that all Work Product belongs to the Company Group. Any copyrightable work
falling within the definition of Work Product shall be deemed a “work made for hire” under the copyright laws of the United States, and ownership of all rights therein shall vest in the Company Group. To the extent that any Work Product is
not deemed to be a “work made for hire,” Employee hereby assigns and agrees to assign to the Company Group all right, title and interest, including without limitation, the intellectual property rights that Employee may have in and to such
Work Product. Employee shall during the Restricted Period and thereafter promptly perform all actions reasonably requested by the Company (whether during or after the term of this Agreement) to establish and confirm ownership of such Work Product
(including, without limitation, assignments, consents, powers of attorney and other instruments) in the Company Group. 
 (e)
Non-Compete. Employee agrees that, during the Restricted Period, he shall not, without the prior written consent of the Company, directly or indirectly, on his own behalf or as a Principal or
Representative of any Person, engage in any Competitive Services anywhere in the United States or in any foreign country in which any member of the Company Group has conducted business, is conducting business or is presently contemplating conducting
business. 
 (f) Non-Solicitation of Protected Customers. Employee agrees
that, during the Restricted Period, he shall not, without the prior written consent of the Company, directly or indirectly, on his own behalf or as a Principal or Representative of any Person, solicit, divert, take away, or attempt to solicit,
divert, or take away a Protected Customer for the purpose of engaging in, providing, or selling Competitive Services. 
 (g)
Non-Recruitment of Employees and Independent Contractors. Employee agrees that during the Restricted Period, he shall not, directly or indirectly, whether on his own behalf or as a Principal or
Representative of any Person, recruit, solicit, induce or hire or attempt to recruit, solicit, induce or hire any employee or independent contractor of the Company Group to terminate his employment or other relationship with the Company Group or to
enter into employment or any other kind of business relationship with the Employee or any other Person. 
 (h)
Exceptions. Notwithstanding anything contained in Section 7(e) or (f) to the contrary, Employee may make investments in communications service providers that utilize commercially available products which are manufactured by third
parties. 

  
 11 

 (i) Enforcement of Restrictive Covenants. 

(i) Rights and Remedies Upon Breach. The parties specifically acknowledge and agree that the remedy at law for any
breach of the Restrictive Covenants will be inadequate, and that in the event Employee breaches, or threatens to breach, any of the Restrictive Covenants, the Company shall have the right and remedy, without the necessity of proving actual damage or
posting any bond, to enjoin, preliminarily and permanently, Employee from violating or threatening to violate the Restrictive Covenants and to have the Restrictive Covenants specifically enforced by any court of competent jurisdiction, it being
agreed that any breach or threatened breach of the Restrictive Covenants would cause irreparable injury to the Company Group and that money damages would not provide an adequate remedy to the Company. Employee understands and agrees that if he
violates any of the obligations set forth in the Restrictive Covenants, the period of restriction applicable to each obligation violated shall cease to run during the pendency of any litigation over such violation, provided that such litigation was
initiated during the period of restriction. Such rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the Company at law or in equity. Employee understands and agrees that, if the Parties become
involved in legal action regarding the enforcement of the Restrictive Covenants and if the Company prevails in such legal action, the Company will be entitled, in addition to any other remedy, to recover from Employee its reasonable costs and
attorneys’ fees incurred in enforcing such covenants. The Company’s ability to enforce its rights under the Restrictive Covenants or applicable law against Employee shall not be impaired in any way by the existence of a claim or cause of
action on the part of Employee based on, or arising out of, this Agreement or any other event or transaction. 
 (ii)
Severability and Modification of Covenants. Employee acknowledges and agrees that each of the Restrictive Covenants is reasonable and valid in time and scope and in all other respects. The parties agree that it is their intention that the
Restrictive Covenants be enforced in accordance with their terms to the maximum extent permitted by law. Each of the Restrictive Covenants shall be considered and construed as a separate and independent covenant. Should any part or provision of any
of the Restrictive Covenants be held invalid, void, or unenforceable, such invalidity, voidness, or unenforceability shall not render invalid, void, or unenforceable any other part or provision of this Agreement or such Restrictive Covenant. If any
of the provisions of the Restrictive Covenants should ever be held by a court of competent jurisdiction to exceed the scope permitted by the applicable law, such provision or provisions shall be automatically modified to such lesser scope as such
court may deem just and proper for the reasonable protection of the Company’s legitimate business interests and may be enforced by the Company to that extent in the manner described above and all other provisions of this Agreement shall be
valid and enforceable 
 8. Cooperation. During and after Employee’s Employment, Employee shall cooperate fully with the Company
in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company that relate to events or occurrences that transpired while Employee was employed by the Company.
Employee’s full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually
convenient times. During and after the Employment, Employee also shall cooperate fully with the Company in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to
events or occurrences that transpired while Employee was employed by the Company. Subject to Section 17(d), the Company shall reimburse Employee for any reasonable fees and reasonable out-of-pocket expenses incurred in connection with Employee’s performance of obligations pursuant to this Section 8 and such cooperation shall be at reasonable times and upon reasonable advance
notice. 

  
 12 

 Employee agrees, while he is employed by the Company, to offer or otherwise make known or available to it,
as directed by the Board of the Company and without additional compensation or consideration, any business prospects, contracts or other business opportunities that Employee may discover, find, develop or otherwise have available to Employee in the
Company’s general industry and further agrees that any such prospects, contacts or other business opportunities shall be the property of the Company Group. 

9. Governing Law; Waiver of Jury Trial. This Agreement shall be governed by and construed under the laws of the State of North Carolina,
without consideration of its choice of law provisions, and shall not be amended, modified or discharged in whole or in part except by an agreement in writing signed by both of the parties hereto. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT. Each of the parties hereto expressly submits and consents in advance to the sole and exclusive jurisdiction of the state and federal courts
located in the State of North Carolina for the purposes of any and all suits, actions or other proceedings or other disputes arising out of, based on or relating to this Agreement. Each of the parties hereto hereby waives, and agrees not to assert,
by way of motion, as a defense, or otherwise, in any such suit, action or proceeding brought in such courts, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from
attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such
court, in each case, unless another jurisdiction is required to enforce the rights of Parent and/or the Company under this Agreement. The parties hereto hereby consent to service of process by mail and any other manner permitted by law or this
Agreement. The parties acknowledge that all directions issued by the forum court, including all injunctions and other decrees, may be filed, and will be binding and enforceable, in all jurisdictions. Except as otherwise provided in Section 7,
if any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any provisions of this Agreement, the successful or prevailing party
or parties shall be entitled to recover reasonable attorney’s fees, court costs and reasonable expenses incurred in that action or proceeding, in addition to any other relief to which such party or parties may be entitled. 

10. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly
given if delivered personally or mailed by certified or registered mail (return receipt requested) as follows: 
  

			
	 To the Company:
	  	CommScope, Inc.
		  	1100 CommScope Place, SE
		  	Hickory, NC 28602
		  	Attention: General Counsel
		
	 With copy to:
	  	Alston & Bird LLP
		  	One Atlantic Center
		  	1201 West Peachtree Street
		  	Suite 4900
		  	Atlanta, GA 30309-3424
		  	Attention: Mike Stevens, Esq.
		
	 To Employee:
	  	Claudius E. Watts IV
		  	947 White Point Court
		  	Charleston, SC 29412

  
 13 

 or to such other address of which any party may notify the other parties as provided above. Notices shall be
effective as of the date of such delivery or mailing. 
 11. Indemnification. During the Employment, Employee shall be entitled to
such rights regarding indemnification and advancement of expenses as are provided in the Indemnification Agreement, dated as of October 24, 2013, by and between Employee and the Company, and as provided under the Company’s Certificate of
Incorporation or By-laws, as they made be amended from time to time. 
 12. Scope of
Agreement. The parties acknowledge that the provisions of Section 7 have been specifically negotiated by sophisticated parties and agree that all such provisions are reasonable under the circumstances of the transactions contemplated hereby
and are given as an integral and essential part of the Employment contemplated hereby. Employee has independently consulted with counsel and has been advised in all respects concerning the reasonableness and propriety of the covenants contained
herein, with specific regard to the business to be conducted by the Company Group, and represents that the Agreement is intended to be, and shall be, fully enforceable and effective in accordance with its terms. 

13. Severability. The existence of any claim or cause of action which Employee may have against the Company or Parent shall not
constitute a defense or bar to the enforcement of any of the provisions of this Agreement. The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity, legality or enforceability of any other
provision. 
 14. Counterparts Facsimile Signatures. This Agreement may be executed in one or more counterparts, all of which taken
together shall constitute one and the same Agreement. Each party may rely upon the execution of this Agreement by the other party via the facsimile signature as if such facsimile signature were an original signature. 

15. Miscellaneous. This Agreement shall not be amended, modified or discharged in whole or in part except by an agreement in writing
signed by both of the parties hereto. The failure of either of the parties to require the performance of a term or obligation or to exercise any right under this Agreement or the waiver of any breach hereunder shall not prevent subsequent
enforcement of such term or obligation or exercise of such right or the enforcement at any time of any other right hereunder or be deemed a waiver of any subsequent breach of the provision so breached, or of any other breach hereunder. This
Agreement shall inure to the benefit of and be binding upon and assignable to, successors of the Company by way of merger, consolidation or sale and may not be assigned by Employee. This Agreement supersedes and terminates all prior understandings
and agreements between the parties (or their predecessors) relating to the subject matter hereof; provided, however, this agreement shall not alter or limit the obligations of Employee pursuant to any other confidentiality, noncompetition,
nonsolicitation or similar agreement applicable to Employee. 
 16. Certain Definitions. For purposes of this Agreement, the term
“subsidiary” of a Person means any corporation more than 50% of whose outstanding voting securities, or any partnership, joint venture or other entity more than 50% of whose total equity interests, is directly or indirectly owned by
such Person. 
 17. Internal Revenue Code Section 409A. 

(a) It is the intent of the parties that this Agreement shall be interpreted and administered in a manner so that any amount or benefit payable
hereunder shall be paid or provided in a manner that is either exempt from or compliant with the requirements Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and applicable Internal Revenue Service
guidance and 

  
 14 

 
Treasury Regulations issued thereunder (and any applicable transition relief under Section 409A of the Code). Neither the Company Group, nor their directors, officers, employees or advisers
shall be held liable for any taxes, interest, penalties or other monetary amounts owed by Employee as a result of the application of Section 409A of the Code. 

(b) Notwithstanding anything in this Agreement to the contrary, to the extent that the severance payments under Section 6(e), (f) or
(g) and any other amount or benefit under this Agreement, constitutes non-exempt “deferred compensation” for purposes of Section 409A of the Code
(“Non-Exempt Deferred Compensation”) and that would otherwise be payable or distributable hereunder by reason of Employee’s termination of Employment, such amounts will not be payable or
distributable to Employee unless the circumstances giving rise to such termination of Employment meet any description or definition of “separation from service” in Section 409A of the Code and applicable regulations (without giving
effect to any elective provisions that may be available under such definition). This provision does not prohibit the vesting of any amount upon Employee’s termination of Employment or the determination of the amounts owed to him due to such
termination. If this provision prevents the payment or distribution of any amount or benefit, such payment or distribution shall be made on the date, if any, on which an event occurs that constitutes a Section 409A-compliant “separation
from service.” 
 (c) Whenever in this Agreement the provision of payment or benefit is conditioned on Employee’s execution and non-revocation of the Release, provided that the Release has been timely delivered to Employee not later than ten (10) days after the date of termination of Employment, such Release must be executed, and
all applicable revocation periods shall have expired, within sixty (60) days after the date of termination of Employee’s Employment, failing which such payment or benefit shall be forfeited. If such payment or benefit constitutes Non-Exempt Deferred Compensation, and if such 60-day period begins in one calendar year and ends in the next calendar year, the payment or benefit shall not be made or
commence before the second such calendar year, even if the Release becomes irrevocable in the first such calendar year. In other words, Employee is not permitted to influence the calendar year of payment based on the timing of the signing of the
Release by Employee. 
 (d) If Employee is entitled to be paid or reimbursed for any taxable expenses under this Agreement, and such payments
or reimbursements are includible in Employee’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an
eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. No right of Employee to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another
benefit. 
 (e) Each payment of termination benefits under Section 6 of this Agreement, including, without limitation, each payment of
COBRA Cost under Section 6(e)(iii), shall be considered a separate payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A of the Code. 

(f) Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would constitute
Non-Exempt Deferred Compensation would otherwise be payable or distributable under this Agreement by reason of Employee’s separation from service during a period in which he is a Specified Employee (as
defined below), then, subject to any permissible acceleration of payment by the Company under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts of interest), or
(j)(4)(vi) (payment of employment taxes): (i) the amount of such Non-Exempt Deferred Compensation that would otherwise be payable during the six-month period immediately
following Employee’s separation from service will be accumulated through and paid or provided on the first day of the seventh month following Employee’s separation from service (or, if 

  
 15 

 
Employee dies during such period, within 30 days after his death) (in either case, the “Required Delay Period”); and (ii) the normal payment or distribution schedule for any
remaining payments or distributions will resume at the end of the Required Delay Period. For purposes of this Agreement, the term “Specified Employee” has the meaning given such term in Code Section 409A and the final
regulations thereunder. 
 18. Limitation of Benefits. 

(a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution
by the Company, Parent or any of their direct and/or indirect subsidiaries to or for the benefit of Employee (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard
to any additional payments required under this Section 18) (such benefits, payments or distributions are hereinafter referred to as “Payments”) would, if paid, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then, prior to the making of any Payments to Employee, a calculation shall be made comparing (i) the net after-tax benefit to Employee of the Payments after
payment by Employee of the Excise Tax, to (ii) the net after-tax benefit to Employee if the Payments had been limited to the extent necessary to avoid being subject to the Excise Tax. If the amount
calculated under (i) above is less than the amount calculated under (ii) above, then the Payments shall be limited to the extent necessary to avoid being subject to the Excise Tax (the “Reduced Amount”). The reduction of
the Payments due hereunder, if applicable, shall be made by first reducing cash Payments and then, to the extent necessary, reducing those Payments having the next highest ratio of Parachute Value to actual present value of such Payments as of the
date of the change of control, as determined by the Determination Firm (as defined in Section 18(b) below). For purposes of this Section 18, present value shall be determined in accordance with Section 280G(d)(4) of the Code. For
purposes of this Section 18, the “Parachute Value” of a Payment means the present value as of the date of the change of control of the portion of such Payment that constitutes a “parachute payment” under
Section 280G(b)(2) of the Code, as determined by the Determination Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. 

(b) All determinations required to be made under this Section 18, including whether an Excise Tax would otherwise be imposed, whether the
Payments shall be reduced, the amount of the Reduced Amount, and the assumptions to be used in arriving at such determinations, shall be made by an independent, nationally recognized accounting firm or compensation consulting firm mutually
acceptable to the Company and Employee (the “Determination Firm”) which shall provide detailed supporting calculations both to the Company and Employee. All fees and expenses of the Determination Firm shall be borne solely by the
Company. Any determination by the Determination Firm shall be binding upon the Company and Employee. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Determination
Firm hereunder, it is possible that Payments hereunder will have been unnecessarily limited by this Section 18 (“Underpayment”), consistent with the calculations required to be made hereunder. The Determination Firm shall
determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of Employee, but no later than March 15 of the year after the year in which the Underpayment is
determined to exist, which is when the legally binding right to such Underpayment arises. 
 19.
Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit Employee’s continuing or future participation in any employee benefit plan, program, policy or practice provided by the
Company and for which Employee may qualify, except as specifically provided herein. Amounts that are vested benefits or which Employee is otherwise entitled to receive under any plan, policy, practice or program of the Company at or subsequent to
the date of termination of Employment shall be payable in 

  
 16 

 
accordance with such plan, policy, practice or program except as explicitly modified by this Agreement. For the avoidance of doubt, no provision of this Agreement is meant to modify or limit
Employee’s right to receive his vested supplemental executive retirement plan benefits, if any, and to exercise his vested options, if any, in accordance with the terms of the applicable plan documents, related agreements and operative prior
elections. 
 20. Full Settlement; No Mitigation. The Company’s obligation to make the payments provided for in this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Employee or others.
In no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Employee under any of the provisions of this Agreement and such amounts shall not be reduced whether or not
Employee obtains other employment. 
 [REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK] 

  
 17 

 IN WITNESS WHEREOF, the parties have executed this Agreement under seal as of the date first
set forth above. 
  

			
	COMPANY
	
	COMMSCOPE, INC.
		
	By:	 	 /s/ Frank B. Wyatt, II

		 	Name: Frank B. Wyatt, II
		 	Title:   Senior Vice President
	
	EMPLOYEE
	
	 /s/ Claudius E. Watts IV

	Claudius E. Watts IV

  
 18Exhibit 10.1

 

INVENTORY
FINANCING AGREEMENT

 

This
Inventory Financing Agreement (as from time to time amended and together with any Transaction Statements, as hereinafter defined,
“Agreement”) is between Wells Fargo Commercial Distribution Finance, LLC (“Lender”), with its
chief executive office and principal place of business at 10 South Wacker Drive, Chicago, Illinois 60606 and Asien’s Appliance,
Inc., a California corporation (“Dealer”) with its chief executive office and principal place of business at
1801 Piner Road, Santa Rosa, California 95403.

 

1.
Extensions of Credit. Subject to the terms of this Agreement, Lender may extend credit to or on behalf of Dealer from time
to time to enable Dealer to purchase inventory from Lender-approved vendors (“Vendors”) and for other purposes.
Vendor approval is an ongoing process and depends, in part, on the total value of invoices approved by Lender with any given Vendor
at any point in time. The total value of invoices approved by Lender with a vendor is subject to one or more maximum amounts separate
from the amount of Dealer’s credit line. Lender’s decision to advance funds is at Lender’s discretion. Lender may
combine all of Lender’s advances to Dealer or on Dealer’s behalf, whether under this Agreement or any other agreement, whether
provided by one or more of Lender’s branch offices, and whether administered as separate sublimits, multiple accounts, or otherwise,
together with all finance charges, fees and expenses related thereto, to constitute one debt and loan owed by Dealer. Without
limiting the discretionary nature of this credit facility, Lender may, without notice to Dealer, elect not to finance any inventory
sold by particular Vendors who are in default to Lender, who have exceed or will exceed (if such inventory is financed) the applicable
maximum amount established for that Vendor, with respect to which Lender reasonably feels insecure. All advances and other transactions
hereunder are for business purposes and not for personal, family, household or any other consumer purposes.

 

2.
Financing Terms. Lender and Dealer agree to set forth in this Agreement only the general terms of Dealer’s financing arrangement
with Lender as certain financial terms depend, in part, on factors which vary from time to time, including without limitation,
the availability of Vendor discounts, payment terms or other incentives, Lender’s floorplanning volume with Dealer and Vendor
and other economic factors. Upon agreeing to finance an item of inventory for Dealer, Lender will transmit, send or otherwise
make available to Dealer a “Transaction Statement” which is a record that may be authenticated and which identifies
the Collateral financed and/or the advance made and the terms and conditions of repayment of such advance. Dealer agrees that
Dealer’s failure to notify Lender in writing of any objection to a Transaction Statement within thirty (30) days after a
Transaction Statement is transmitted, sent or otherwise made available to Dealer shall constitute Dealer’s (a) acceptance of all
terms thereof, (b) agreement that Lender is financing such inventory at Dealer’s request, and (c) agreement that such Transaction
Statement will be incorporated herein by reference. If Dealer objects to the terms of any Transaction Statement, Dealer will pay
Lender for such inventory in accordance with the most recent terms for similar inventory to which Dealer has not objected (or,
if there are no prior terms, at the lesser of 16% per annum or at the maximum lawful contract rate of interest permitted under
applicable law), subject to termination of this Agreement by Lender and its rights under the termination provision contained herein.
To the extent Vendor program subsidies are applicable to Dealer’s financing program (each a “Lender Credit”),
with respect to any advance Lender makes to a Vendor on behalf of Dealer, Lender may apply against any such amount owed to Vendor
any amount Lender is owed from such Vendor for any such Lender Credit; provided, however, in the event Vendor does not remit any
such Lender Credit, Dealer agrees to pay the full amount of such Lender Credit.

 

 3. Security Interest.

 

 (a) Dealer hereby grants to Lender a security interest in all of the Collateral as security for all Obligations.

 

(b)
“Collateral” means all personal property of Dealer, whether such property or Dealer’s right, title or
interest therein or thereto is now owned or existing or hereafter acquired or arising, and wherever located, including
without limitation, all Accounts, Inventory, Equipment, Fixtures, other Goods, General Intangibles (including without
limitation, Payment Intangibles), Chattel Paper (whether tangible or electronic), Instruments (including without limitation,
Promissory Notes), Deposit Accounts, Investment Property and Documents and all Products and Proceeds of the foregoing.
Without limiting the foregoing, the Collateral includes Dealer’s right to all Vendor Credits (as defined below).
Similarly, the Collateral includes, without limitation, all books and records, electronic or otherwise, which evidence or
otherwise relate to any of the foregoing property, and all computers, disks, tapes, media and other devices in which such
records are stored. For purposes of this Section 3 only, capitalized terms used in this Section 3, which are not otherwise
defined, shall have the meanings given to them in Article 9 of the Illinois Uniform Commercial Code.

 

(c)
“Obligations” means all indebtedness and other obligations of any nature whatsoever of Dealer to Lender,
whether such indebtedness or other obligations arise under this Agreement or any other existing or future agreement between
or among Dealer and Lender or otherwise, and whether for principal, interest, fees, Charges, expenses, indemnification
obligations or otherwise, and whether such indebtedness or other obligations are existing, future, direct, indirect,
acquired, contractual, noncontractual, joint and/or several, fixed, contingent or otherwise.

 

(d)
“Vendor Credits” means all of Dealer’s rights to any price protection payments, rebates, discounts, credits,
factory holdbacks, incentive payments and other amounts which at any time are due Dealer from a Vendor.

 

     

     

    

 

4.
Representations and Warranties. Dealer represents and warrants that at the time of execution of this Agreement and at the
time of each approval and each advance hereunder: (a) Dealer does not conduct business under any trade styles or trade names except
as disclosed by the Dealer to Lender in writing and has all the necessary authority to enter into and perform this Agreement and
Dealer will not violate its organizational documents, or any law, regulation or agreement binding upon it, by entering into or
performing its obligations under this Agreement; (b) Dealer will only keep Collateral at locations within the U.S. which have
been disclosed to Lender either (i) in writing prior to the execution of this Agreement or (ii) upon thirty (30) days written
notice, and, in either case, which have been approved by Lender (“Permitted Locations”); (c) this Agreement
correctly sets forth Dealer’s true legal name, the type of its organization (if not an individual), the state in which Dealer
is incorporated or otherwise organized, and Dealer’s organizational identification number, if any; (d) all information supplied
by Dealer to Lender, including any financial, credit or accounting statements or application for credit, in connection with this
Agreement is true, correct and complete; (e) Dealer has good title to all Collateral; and (f) there are no actions or proceedings
pending or threatened against Dealer which might result in any material adverse change in Dealer’s financial or business condition.

 

 5. Covenants.

 

(a)
Until sold as permitted by this Agreement, Dealer shall own all Collateral financed by Lender free and clear of all liens,
security interests, claims and other encumbrances, whether arising by agreement or operation of law (collectively
“Liens”), other than Liens in favor of Lender and subordinate Liens in favor of other persons with respect
to which Lender shall have first consented in writing.

 

(b)
Dealer will: (1) keep all Collateral at Permitted Locations and keep all tangible Collateral safe and secure, in good order,
repair and operating condition and insured as required by Lender; (2) promptly file all tax returns required by law and
promptly pay all taxes, fees, and other governmental charges for which it is liable, including without limitation all
governmental charges against the Collateral or this Agreement; (3) permit Lender and its designees, without notice, to
inspect the Collateral during normal business hours and at any other time Lender deems desirable (and Dealer hereby grants
Lender and its designees an irrevocable license to enter Dealer’s business locations during normal business hours without
notice to Dealer to account for and inspect all Collateral and to examine and copy Dealer’s books and records related to the
Collateral), and in connection with any inspection, provide Lender and its designees safe and secure access to the Collateral
and comply with any request made by Lender or its designees to move the Collateral in order to provide such safe and secure
access; (4) keep complete and accurate records of its business, including inventory, accounts and sales, and permit Lender
and its designees to inspect and copy such records upon request; (5) furnish Lender with such additional information
regarding the Collateral and Dealer’s business and financial condition as Lender may from time to time reasonably request
(including without limitation financial statements and projections more frequently than set forth below); (6) immediately
notify Lender of any material adverse change in Dealer’s prospects, business, operations or condition (financial or
otherwise) or in any Collateral; (7) execute (or cause any third party in possession of Collateral to execute) all documents
Lender requests to perfect and maintain Lender’s security interest in the Collateral; (8) deliver to Lender immediately upon
each request by Lender (and Lender may retain) each certificate of title or statement of origin issued for Collateral
financed by Lender; (9) at all times be duly organized, existing, in good standing, qualified and licensed to do business in
each jurisdiction in which the nature of its business or property so requires and, when requested, provide Lender with
documentation evidencing the same; (10) notify Lender of the commencement of any material legal proceedings against Dealer or
any Guarantor (as defined below); and (11) comply with all laws, rules and regulations applicable to Dealer, including
without limitation, the USA PATRIOT ACT and all laws, rules and regulations relating to import or export controls or
anti-money laundering.

 

    2

     

    

 

(c)
Dealer will not without Lender’s prior written consent: (1) use (except for demonstration for sale), rent, lease, sell,
transfer, consign, license, encumber or otherwise dispose of Collateral except for sales of inventory at retail in the
ordinary course of Dealer’s business; (2) engage in any other material transaction not in the ordinary course of Dealer’s
business; (3) change its business in any material manner or its organizational structure or be a party to a merger or
consolidation or change its registration to a registered organization other than as specified above; (4) change its name
without giving Lender at least thirty (30) days’ prior written notice thereof; (5) change the state in which it is
incorporated or otherwise organized (except upon thirty (30) days’ prior written notice to Lender); (6) change its
chief executive office or office where it keeps its records with respect to accounts or chattel paper; (7) finance on a
secured basis with any Vendor or any third party the acquisition of inventory of the same brand as any inventory financed or
to be financed by Lender; (8) store inventory financed by Lender with any third party; or (9) sell or otherwise transfer
inventory to a Dealer Affiliate. “Dealer Affiliate” means any person that: (i) directly or indirectly
controls, is controlled by or is under common control with Dealer, (ii) directly or indirectly owns 5% or more of Dealer,
(iii) is a director, partner, manager, or officer of Dealer or an affiliate of Dealer, or (iv) any natural person related to
Dealer or an affiliate of Dealer.

 

6.
Insurance. All risk of loss, damage to or destruction of Collateral shall at all times be on Dealer. Dealer shall keep tangible
Collateral insured for full value against all insurable risks under policies delivered to Lender and issued by insurers satisfactory
to Lender with loss payable to Lender. Lender is to be provided with any written notice of cancellation or change in such policies
within two (2) Business Days of the issuance of such notice. Lender is authorized, but not required, to act as attorney-in-fact
for Dealer in adjusting and settling any insurance claims under any such policy and in endorsing any checks or drafts drawn by
insurers. Dealer shall promptly remit to Lender in the form received, with all necessary endorsements, all proceeds of such insurance
which Dealer may receive. Lender, at its election, shall either apply any proceeds of insurance it may receive toward payment
of the Obligations or pay such proceeds to Dealer. For purposes of this Agreement, “Business Day” means any day
the Federal Reserve Bank of Chicago is open for the transaction of business.

 

7.
Financial Statements. Unless waived by Lender, Dealer will deliver to Lender, in a form satisfactory to Lender (a) Dealer’s
year-end balance sheet and annual profit and loss statement for each of its fiscal years, within twenty (20) days after the same
are prepared but in no event later than one hundred twenty (120) days after the end of each fiscal year; (b) within forty-five
(45) days after the end of each of Dealer’s fiscal quarters, a reasonably detailed balance sheet and income statement as of the
last day of such quarter covering Dealer’s operations for such quarter; and (c) within ten (10) days after Lender’s request, any
other information relating to the Collateral or the financial condition of Dealer or any Guarantor.

 

 8. Payment Terms.

 

(a)
Dealer will immediately pay Lender the principal amount of the Obligations owed Lender on each item of Collateral financed by
Lender on the earliest occurrence of any of the following events: (i) when such Collateral is lost, stolen or damaged; (ii)
for Collateral financed under any pay-as-sold (“PAS”) terms, when such Collateral is sold, transferred,
rented, leased, otherwise disposed of, unaccounted for, or its payment term has matured; (iii) for Collateral financed under
any scheduled payment program (“SPP”) terms, in strict accordance with the installment payment schedule;
(iv) in strict accordance with any curtailment schedule for such Collateral; and (v) when otherwise required under the terms
of this Agreement. The PAS, SPP and curtailment terms are or may be set forth in a Transaction Statement. Lender may apply:
(1) payments to reduce finance charges first and then principal, regardless of Dealer’s instructions; and (2) principal
payments to the oldest (earliest) invoice for Collateral financed by Lender, but, in any event, all principal payments, may,
in Lender’s sole discretion, first be applied to such Collateral which is sold, lost, stolen, damaged, rented, leased,
or otherwise disposed of or unaccounted for. Any payment hereunder which would otherwise be due on a day which is not a
Business Day, shall be due on the next succeeding Business Day, with such extension of time included in any calculation of
applicable finance charges.

 

(b)
If Dealer (i) fails to immediately remit funds to Lender upon the maturity of Dealer’s applicable payment terms with
respect to such advance or upon the sale, transfer, rental, lease, loss, theft, damage, or other disposition of or inability
to account for any inventory financed by Lender for Debtor (a “sale out of trust” or “SOT”) or (ii)
is required to make immediate payment to Lender of any past due obligation discovered during any Collateral review, or at any
other time, then Lender’s acceptance of any payment with respect to such past due obligation (whether in full or partial
satisfaction of such obligation) shall not be construed to have waived or amended the terms of its financing program. Dealer
will send all such payments to Lender as directed.

 

(c)
Any Vendor Credit granted to Dealer for any Collateral will not reduce the Obligations Dealer owes Lender until Lender has
received payment therefor as set forth below. Dealer will: (i) pay Lender even if any Collateral is defective or fails to
conform to any warranties extended by any third party; and (ii)) indemnify and hold Lender harmless against all claims and
defenses asserted by any buyer of any Collateral. Dealer waives all rights of setoff Dealer may have against Lender. Dealer
will not assert against Lender any claim or defense Dealer may have against any Vendor and any such claims or defenses shall
not affect Dealer’s liabilities or obligations to Lender.

 

(d)
Any advances which are not used to acquire inventory, as contemplated hereby, shall be paid on demand unless otherwise
provided in this Agreement or in any Transaction Statement. In order to adequately secure Dealer’s Obligations to
Lender, Dealer shall, at Lender’s request, immediately pay Lender the amount necessary to reduce the sum of
Lender’s outstanding advances with respect to inventory received by Dealer to an amount which does not exceed the
aggregate invoice price to Dealer of the inventory in Dealer’s possession which (i) is financed by Lender, and (ii) in
which Lender has a perfected first priority lien.

 

    3

     

    

 

(e)
All payments due by Dealer to Lender under this Agreement or otherwise shall be made by check made on a United States bank,
ACH, EDI or federal wire, in each case drawn on an account established in the name of Dealer. Payment in any other form may
delay processing or be returned to Dealer, and may cause Dealer to incur a late payment fee. Lender policy bars payment by
cash or cash equivalents and any such payments will be declined; Lender reserves the right to decline other forms of payment,
including but not limited to, cashier’s checks, money orders, bank drafts, third-party checks and traveler’s
checks. In the event of any such payment decline, Dealer’s debt will remain outstanding and interest/fees permitted
under Dealer’s agreement may accrue until acceptable payment is received. Lender will recognize and credit payments
according to its payment recognition policies from time to time in effect, or as otherwise agreed. Information regarding
Lender’s payment recognition policy is available from Dealer’s Lender representative, the Lender website, or will be
communicated pursuant to Section 10(b) below.

 

 9. Calculation of Charges.

 

(a)
Dealer shall pay fees, charges and interest (collectively, “Charges”) with respect to each advance in
accordance with the Agreement. Dealer shall pay Lender its customary Charge for any check or other item which is returned
unpaid to Lender. Unless otherwise provided in the Agreement, the following additional provisions shall be applicable to
Charges: (i) any reference to “Prime Rate,” “One month Libor,” and/or “Three
Month Libor” shall mean, for any calendar month, an interest rate (calculated on a 360-day year basis as set forth
herein) equal to the highest “prime rate,” “One month Libor,” and/or “Three month Libor”
rate, respectively, as published in the “Money Rates” column of The Wall Street Journal on the first
Business Day of such month; If for any reason such rate is no longer published in The Wall Street Journal, Lender shall
select such replacement index as Lender in its sole discretion determines most closely approximates such rate; (ii) all
Charges shall be paid by Dealer monthly pursuant to the terms of the billing statement in which such Charges appear; (iii)
interest on each advance and principal amount of the Obligations related thereto shall be computed for any period by dividing
the interest rate provided in each applicable Transaction Statement by 360 (the quotient of which is herein referred to as
the “Daily Rate”), and then multiplying the Daily Rate by either (A) the average principal balance
outstanding during such period, or (B) the actual principal balance outstanding on each day during such period; (iv) interest
on an advance shall begin to accrue on the Start Date, which shall be defined as the earlier of: (A) the invoice date
referred to in the Vendor’s invoice; or (B) the ship date referred to in the Vendor’s invoice; or (C) the date Lender
makes such advance; provided, however, if a Vendor fails to fully pay, by honoring or paying any Lender Credit or otherwise,
the interest or other cost of financing such inventory during the period between the Start Date and the end of the Free Floor
Period (as defined below), then Dealer shall pay such interest to Lender on demand as if there were no Free Floor Period with
respect to such inventory; (v) for the purpose of computing Charges, any payment will be credited pursuant to Lender’s
payment recognition policies, as in effect from time to time; (vi) advances or any part thereof not paid when due (and
Charges not paid when due, at the option of Lender, shall become part of the principal amount of the Obligations and) shall
bear interest at the Default Rate (as defined below); and (vii) all interest rates provided or referenced in Transaction
Statements, including all references to base rate, prime rate and additions to base rate or prime rate, are provided and
referenced on the basis of a 360-day year. The method of calculating interest provided in this Section 9(a) (i.e., the
interest rate calculated based on a year of 360 days, for the actual number of days elapsed) will result in a higher
effective rate than the quoted numeric rate provided in the Transaction Statement. For purposes of this Agreement, the
following definitions shall apply: “Default Rate” shall mean the default rate specified in Dealer’s
financing program with Lender, if any, or if there is none so specified, at the lesser of 3% per annum above the rate in
effect immediately prior to the Default, or the highest lawful contract rate of interest permitted under applicable law;
“Free Floor Period ” shall mean a period equal to the number of days during which a Vendor agrees to
assume the cost of financing Collateral purchased by Dealer by granting Lender a Lender Credit.

 

    4

     

    

 

(b)
Lender intends to strictly conform to the usury laws governing this Agreement. Regardless of any provision contained herein, in
any Transaction Statement, or in any other document, Lender shall never be deemed to have contracted for, charged or be entitled
to receive, collect or apply as interest, any amount in excess of the maximum amount allowed by applicable law. If Lender ever
receives any amount which, if considered to be interest, would exceed the maximum amount permitted by law, Lender will apply such
excess amount to the reduction of the unpaid principal balance which Dealer owes, and then will pay any remaining excess to Dealer.
In determining whether the interest paid or payable exceeds the highest lawful rate, Dealer and Lender shall, to the maximum extent
permitted under applicable law, (1) characterize any non-principal payment (other than payments which are expressly designated
as interest payments hereunder) as an expense or fee rather than as interest, (2) exclude voluntary pre-payments and the effect
thereof, and (3) spread the total amount of interest throughout the entire term of this Agreement so that the interest rate is
uniform throughout such term. Dealer agrees to pay an effective rate of interest that is the sum of (i) the interest rate provided
in this Agreement, including as provided in each accepted Transaction Statement, as may be amended as provided herein; and (ii)
any additional rate of interest resulting from any other charges or fees paid or to be paid by Dealer pursuant to this Agreement
and that are determined to be interest or in the nature of interest.

 

(c)
If a Benchmark Transition Event (as defined below) occurs, Lender may (1) replace the One month Libor and/or Three month
Libor with (i) an alternate rate of interest that has been selected by Lender as the replacement for One month Libor or Three
month Libor, as applicable, which rate may be, without limitation, a forward-looking term rate based on the secured overnight
financing rate (“SOFR”) published by the Federal Reserve Bank of New York or the Prime Rate or another
benchmark selected by Lender, plus (ii) a spread adjustment selected by Lender (collectively, the “Benchmark
Replacement”), and (2) make technical, administrative and/or operational changes, including without limitation, (i)
the margins or adders which may, from time to time, be added to the Benchmark Replacement, (ii) the timing and frequency of
determining rates, and (iii) the payment of interest or other Charges and other administrative matters as may be, in each
case, appropriate, in the sole discretion of Lender, to reflect the adoption of the Benchmark Replacement and to permit the
administration thereof by Lender in such manner as Lender may determine (collectively, the “Benchmark Replacement
Conforming Changes”). The Benchmark Replacement shall replace all references to the One month Libor or Three month
Libor, as applicable, and the Benchmark Replacement Conforming Changes shall become effective, on the date(s) set forth in a
written notice thereof to Dealer (the “Benchmark Replacement Notice”) without any amendment or other
modification to the Agreement and without any further action or consent of Dealer and/or any other person or entity; and, for
the avoidance of doubt, the Benchmark Replacement and the Benchmark Replacement Conforming Changes shall be effective with
respect to all then outstanding Obligations, as well as any and all Obligations arising thereafter. A “Benchmark
Transition Event” means the occurrence of one or more of the following events with respect to One month Libor or
Three month Libor: (a) a public statement or publication of information by or on behalf of the administrator of One month
Libor or Three month Libor, or any successor administrator (collectively, “Benchmark Administrator”) or a
regulatory supervisor for or any insolvency or resolution official with authority over the Benchmark Administrator announcing
that: (i) the Benchmark Administrator has ceased or will cease to provide One month Libor or Three month Libor, permanently
or indefinitely; or (ii) One month Libor or Three month Libor is no longer representative of underlying markets; or (b)
notice is provided by Lender to Dealer of Lender’s intention to adopt a new benchmark to replace One month Libor or
Three month Libor; or (c) entrance by Lender and Dealer into a written agreement to adopt a new benchmark to replace One
month Libor or Three month Libor.

 

 10. Billing Statement/Fees; Right to Modify Charges and Other Terms.

 

(a)
Lender will transmit, send or otherwise make available to Dealer a monthly billing statement identifying all charges due on Dealer’s
account with Lender. The charges specified on each billing statement will be (1) due and payable in full immediately on receipt,
unless otherwise stated in writing in your billing statement, transaction statement or other written document provided by Lender,
and (2) an account stated, unless Lender receives Dealer’s written objection thereto within fifteen (15) days after it is transmitted,
sent or otherwise made available to Dealer. If Lender does not receive, by the 25th day of any given month, payment of all charges
accrued to Dealer’s account with Lender during the immediately preceding month, Dealer will (to the extent allowed by law) pay
Lender a late fee equal to the greater of $5 or 5% of the amount of such charges (payment of such fee does not waive the default
caused by the late payment). Lender may adjust the billing statement at any time to conform to applicable law and this Agreement.

 

    5

     

    

 

(b)
Lender may charge one or more fees in connection with the servicing and administration of Dealer’s account. From time to
time, Lender may provide written notice to Dealer of new or changed fees, interest and/or other finance charges (including without
limitation, increases or decreases in the periodic rate or amount of finance charges, the method of computing finance charges
and when and how finance charges, and principal payments, are payable), policies, practices and other charges and/or credit terms
(collectively, “Fees and Terms”) payable by, or applicable to, Dealer or relating to Dealer’s account
generally, or in connection with specific services, or events, to be effective as of the notice date, or such other future effective
date as Lender shall advise, with respect to existing Obligations owing by Dealer to Lender and/or to Obligations incurred or
arising after such notice or future effective date, as the case may be, all as Lender may elect by so indicating in such notice.
Such notice may be delivered by mail, courier or electronically in a separate writing or website posting, or set forth in the
Transaction Statement and/or the billing statement. Dealer shall be deemed to have accepted such Fees and Terms by either (1)
making any request for financing after the effective date of such notice, or (2) failing to notify Lender in writing of any objection
to a Transaction Statement, billing statement or written notice advising of such Fees and Terms within fifteen (15) days after
such notice has been sent to Dealer. If Dealer objects to the Fees and Terms, such Fees and Terms shall not be imposed, but Lender
may charge or implement the last Fees and Terms to which Dealer has not objected, and may elect to terminate Dealer’s financing
program.

 

11.
Default. The occurrence of one or more of the following events shall constitute a default by Dealer (a
“Default”): (a) Dealer shall fail to pay any Obligations hereunder or other amounts, however or wherever
documented, owed to Lender or to any person that at any time directly or indirectly controls, is controlled by, or is under
common control with Lender (a “Lender Affiliate”) when due or any remittance for any such Obligations or
such other amounts is dishonored when first presented for payment; (b) any representation made to Lender by Dealer or by any
guarantor, surety, issuer of a letter of credit or any person other than Dealer primarily or secondarily liable with respect
to any Obligations (a “Guarantor”) shall not be true when made or if Dealer or any Guarantor shall breach
any covenant, warranty or agreement to or with Lender; (c) Dealer (including, if Dealer is a partnership or limited liability
company, any partner or member of Dealer) or any Guarantor shall die, become insolvent or generally fail to pay its debts as
they become due or, if a business, shall cease to do business as a going concern; (d) any letter of credit or other form of
collateral provided by Dealer or a Guarantor to Lender with respect to any Obligations or Collateral shall terminate or not
be renewed at least sixty (60) days prior to its stated expiration or maturity; (e) Dealer abandons any Collateral; (f) any
Guarantor shall revoke, terminate or limit, or take any action purporting to revoke, terminate or limit, any guaranty or
other assurance of payment relating to any Obligations; (g) Dealer or any Guarantor shall make an assignment for the benefit
of creditors, or commence a proceeding with respect to itself under any bankruptcy, reorganization, arrangement, insolvency,
receivership, dissolution or liquidation statute or similar law of any jurisdiction, or any such proceeding shall be
commenced against it or any of its property (an “Automatic Default”); (h) an attachment, sale or seizure
shall be issued or shall be executed against any assets of Dealer or of any Guarantor; (i) Dealer shall lose, or shall be in
default of, any franchise, license or right to deal in any Collateral which Lender finances; (j) Dealer, Guarantor or any
third party shall file any correction or termination statement with respect to any Uniform Commercial Code (the
“UCC”) filing made by Lender in connection herewith; (k) a material adverse change shall occur in the
business, operations or condition (financial or otherwise) of Dealer (including, if Dealer is a partnership or limited
liability company, any partner or member of Dealer) or any Guarantor or with respect to the Collateral; (l) Dealer or any
Guarantor fails to pay any debt or perform any other obligation owed to any third party; (m) Dealer or any Guarantor defaults
under the terms of any agreement with any Lender Affiliate; or (n) Lender in good faith believes the prospect of payment of
any Obligations is impaired or Lender deems itself insecure.

 

    6

     

    

 

12.
Rights and Remedies Upon Default. Upon the occurrence of a Default, Lender shall have all rights and remedies of a secured
party under the UCC as in effect in any applicable jurisdiction and other applicable law and all the rights and remedies set forth
in this Agreement. Lender may terminate any obligations it has under this Agreement and any outstanding credit approvals immediately
and/or declare any and all Obligations immediately due and payable without notice or demand. Dealer waives notice of intent to
accelerate, and of acceleration of any Obligations. Lender may enter any premises of Dealer, with or without process of law, without
force, to search for, take possession of, and remove the Collateral, or any part thereof. If Lender requests, Dealer shall cease
disposition of and shall assemble the Collateral and make it available to Lender, at Dealer’s expense, at a convenient place or
places designated by Lender. Lender may take possession of the Collateral or any part thereof on Dealer’s premises and cause it
to remain there at Dealer’s expense, pending sale or other disposition. Dealer agrees that the sale of inventory by Lender to
a person who is liable to Lender under a guaranty, endorsement, repurchase agreement or the like shall not be deemed to be a transfer
subject to UCC §9-618 or any similar provision of any other applicable law, and Dealer waives any provision of such laws
to that effect. Dealer agrees that the repurchase of inventory by a Vendor pursuant to a repurchase agreement with Lender shall
be a commercially reasonable method of disposition. Dealer shall be liable to Lender for any deficiency resulting from Lender’s
disposition, including without limitation a repurchase by a Vendor, regardless of any subsequent disposition thereof. Dealer is
not a beneficiary of, and has no right to require Lender to enforce, any repurchase agreement. If Dealer fails to perform any
of its obligations under this Agreement, Lender may perform the same in any form or manner Lender in its discretion deems necessary
or desirable, and all monies paid by Lender in connection therewith shall be additional Obligations and shall be immediately due
and payable without notice together with interest payable on demand at the Default Rate. All of Lender’s rights and remedies shall
be cumulative. At Lender’s request, or without request in the event of an Automatic Default, Dealer shall pay all Vendor Credits
to Lender as soon as the same are received for application to the Obligations. Dealer authorizes Lender to collect such amounts
directly from Vendors and, upon request of Lender, shall instruct Vendors to pay Lender directly. Dealer irrevocably waives any
requirement that Lender retain possession and not dispose of any Collateral until after trial or final judgment or appeal thereof.
Lender’s election to extend or not extend credit to Dealer is solely at Lender’s discretion and does not depend on
the absence or existence of a Default. If a Default is in effect, and without regard to whether Lender has accelerated any Obligations,
Lender may, without notice, apply the Default Rate.

 

13.
Power of Attorney. Dealer authorizes Lender to: (a) file financing statements and amendments thereto describing Lender as
“Secured Party,” Dealer as “Debtor” and indicating the Collateral; (b) authenticate, execute or endorse
on behalf of Dealer any instruments, chattel paper, certificates of title, manufacturer statements of origin, builder’s
certificate, or other notices or records comprising or related to Collateral or evidencing financing under the Agreement or evidencing
or maintaining the perfection of the security interest granted hereby, as attorney-in-fact for Dealer; and (c) supply any omitted
information and correct errors in any documents between Lender and Dealer. This power of attorney and the other powers of attorney
granted herein are irrevocable and coupled with an interest.

 

14.
Collection and Other Costs. In the event of a Default, Dealer shall pay to Lender on demand all reasonable attorneys’ fees
and legal expenses and other costs and expenses incurred by Lender in connection with establishing, perfecting, maintaining perfection
of, protecting and enforcing its Lien on the Collateral and collecting any Obligations, or in connection with any modification
of this Agreement, any Default or in connection with any action or proceeding for possession or under any receivership, assignment
for benefit of creditors, bankruptcy or other insolvency laws (including, without limitation, filing a proof of claim, motion
for stay relief or monitoring such proceeding under any such laws to the full extent permitted under such law), involving the
Dealer, any Guarantor or any Collateral. All fees, expenses, costs and other amounts described in this Section shall constitute
Obligations, shall be secured by the Collateral and interest shall accrue thereon at the Default Rate.

 

 15. Information.

 

(a)
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions
to obtain, verify, and record information that identifies each person who opens an account. When Dealer opens an account, Lender
will ask for the name(s), address(es), date(s) of birth, and other information that will allow Lender to identify Dealer, and
its owner(s) and Guarantor(s) as applicable. Lender may also ask to see driver’s licenses or other identifying documents
related to Dealer, and its owner(s) and Guarantors as applicable. Failure to comply with such requests will constitute a Default
under the Agreement.

 

(b)
Dealer irrevocably authorizes Lender to investigate and make inquiries of former, current, or future creditors or other persons
and credit bureaus regarding or relating to Dealer (including, to the extent permitted by law, any equity holders of Dealer).
Lender may provide to any Lender Affiliate or any third parties any financial, credit or other information regarding Dealer (including,
to the extent permitted by law, any equity holders of Dealer) that Lender may at any time possess, whether such information was
supplied by Dealer to Lender or otherwise obtained by Lender. Further, Dealer irrevocably authorizes and instructs any third parties
(including without limitation, any Vendors or customers of Dealer) to provide to Lender any credit, financial or other information
regarding Dealer that such third parties may at any time possess.

 

16.
Termination. Unless sooner terminated as provided in this Agreement or by at least thirty (30) days prior written notice from
either party to the other, the term of this Agreement shall be for one (1) year from the date hereof and from year to year thereafter;
provided, however, that Lender may terminate the Agreement immediately by notice to Dealer if Dealer objects to any terms of any
Transaction Statement, billing statement or written notice advising of Fees and Terms. Upon termination of the Agreement, all
Obligations shall become immediately due and payable without notice or demand. Upon any termination, Dealer shall remain fully
liable to Lender for all Obligations arising prior to or after termination, and all of Lender’s rights and remedies and its security
interest shall continue until all Obligations to Lender are paid and all obligations of Dealer are performed in full. If Lender
makes advances in reliance on a repurchase agreement from a Vendor, it may cease making such advances if it has any concern as
to whether such repurchase agreement will cover future advances or be performed by such Vendor. No provision of the Agreement
shall be construed to obligate Lender to make any advances. All waivers and indemnifications in Lender’s favor set forth
in this Agreement will survive any termination of this Agreement.

 

    7

     

    

 

17.
Binding Effect. Dealer cannot assign its interest in this Agreement without Lender’s prior written consent. Lender may assign
or participate Lender’s interest, in whole or in part, without Dealer’s consent. This Agreement will protect and bind Lender’s
and Dealer’s respective heirs, representatives, successors and assigns, as the case may be.

 

18.
Notices. Except as required by law or as otherwise provided herein, all notices or other communications to be given under
the Agreement or under the UCC shall be in writing served either personally, by overnight courier, or by U.S. mail, addressed
to Dealer at its chief executive office shown below or to any office to which Lender sends billing statements, or to Lender at
its address shown in the preamble hereto, to the attention of its Credit Department, or at such other address designated by such
party by notice to the other. Any such communication shall be deemed to have been given upon delivery in the case of personal
delivery, one Business Day after deposit with an overnight courier or two (2) calendar days after deposit in the U.S. mail, except
that any notice of change of address shall not be effective until actually received.

 

19.
Severability. Except as set forth in Sections 22(e) and 22(k) of this Agreement, if any provision of this Agreement or its
application is invalid or unenforceable, the remainder of this Agreement will not be impaired or affected and will remain binding
and enforceable.

 

20.
Miscellaneous. Time is of the essence regarding Dealer’s performance of its obligations to Lender. Lender may accept this
Agreement by issuance of an approval to a Vendor for the purchase of inventory by Dealer or by making an advance hereunder. Dealer’s
liability to Lender is direct and unconditional and will not be affected by the release or nonperfection of any security interest
granted hereunder. Lender may refrain from or postpone enforcement of this Agreement or any other agreements between Lender and
Dealer without prejudice, and the failure to strictly enforce these agreements will not create a course of dealing which waives,
amends or modifies such agreements. Any waiver by Lender of a Default shall only be effective if in writing signed by Lender and
transmitted to Dealer. The express terms of this Agreement will not be modified by any course of dealing, usage of trade, or custom
of trade which may deviate from the terms hereof. If Dealer fails to pay any taxes, fees or other obligations which may impair
Lender’s interest in the Collateral, or fails to keep any Collateral insured, Lender may, but shall not be required to, pay such
amounts. Such paid amounts will be: (a) additional Obligations which Dealer owes to Lender, which are subject to finance charges
as provided herein and shall be secured by the Collateral; and (b) due and payable immediately in full. Section titles used herein
are for convenience only, and do not define or limit the contents of any Section. All words used herein shall be understood and
construed to be of such number and gender as the circumstances may require. This Agreement may be validly executed in one or more
multiple counterpart signature pages. Notwithstanding anything herein to the contrary, Lender may rely on any facsimile copy,
electronic data transmission, or electronic data storage of: this Agreement, any Transaction Statement, billing statement, financing
statement, authorization to pre-file financing statements, invoice from a Vendor, financial statements or other reports, which
will be deemed an original, and the best evidence thereof for all purposes. This Agreement shall be construed without presumption
for or against any party who drafted all or any portion of this Agreement. No modification of this Agreement shall bind Lender
unless in a writing signed by Lender and transmitted to Dealer. Among other symbols, Lender hereby adopts “Wells Fargo Commercial
Distribution Finance, LLC,” “Wells Fargo Commercial Distribution Finance” or “Lender” as evidence
of its intent to authenticate a record.

 

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21.
Limitation of Remedies and Damages. In the event there is any dispute under this Agreement, the aggrieved party shall not
be entitled to exemplary or punitive damages so that the aggrieved party’s remedy in connection with any action arising under
or in any way related to this Agreement shall be limited to a breach of contract action and any damages in connection therewith
are limited to actual and direct damages, except that Lender may seek equitable relief in connection with any judicial repossession
of, or temporary restraining order with respect to, the Collateral.

 

 22. BINDING ARBITRATION.

 

THIS
SECTION CONTAINS A BINDING ARBITRATION CLAUSE THAT MAY AFFECT HOW YOU RESOLVE DISPUTES.

 

(a)
Arbitrable Claims. This Agreement concerns transactions involving commerce among the several states. The Federal Arbitration
Act, Title 9 U.S.C. Sections 1 et seq., as amended (“FAA”) shall govern all arbitration(s) and confirmation proceedings
hereunder. Except as otherwise specified below, all actions, disputes, claims and controversies under common law, statutory law
or in equity of any type or nature whatsoever, whether arising before or after the date of this Agreement, and whether directly
or indirectly arising from or relating to: (a) this Agreement and/or any amendments and addenda hereto, or the breach, invalidity
or termination hereof; (b) any previous or subsequent agreement between Lender and Dealer; (c) any act committed by Lender or
by any parent company, subsidiary or affiliated company of Lender (the “Lender Companies”), or by any employee,
agent, officer or director of a Lender Company, whether or not arising within the scope and course of employment or other contractual
representation of the Lender Companies, provided that such act arises under a relationship, transaction or dealing between Lender
and Dealer; and/or (d) any other relationship, transaction or dealing between Lender and Dealer (collectively the “Disputes”),
will be subject to and resolved by binding arbitration. The arbitrator(s) shall decide whether the parties have agreed to arbitrate,
and whether this binding arbitration section covers, the particular Dispute between the parties. Notwithstanding the foregoing,
“Disputes” does not include any dispute or controversy about the validity or enforceability of this Binding Arbitration
provision or any part thereof (including, without limitation, the Class Action Waiver set forth below and/or this sentence); all
such disputes or controversies are for a court and not an arbitrator to decide. However, any dispute or controversy that concerns
the validity or enforceability of the Agreement as a whole is for the arbitrator, not a court, to decide. For the avoidance of
doubt, if there is any conflict or inconsistency between this Binding Arbitration provision and any other arbitration provision
in any previous or subsequent agreement between Lender and Dealer (other than a subsequently executed Inventory Financing Agreement),
the parties agree this Binding Arbitration provision shall control and supersede any such other arbitration provision. Moreover,
the parties agree that either party may pursue individual claims against the other that do not exceed Seventy-Five Thousand Dollars
($75,000.00) in the aggregate through litigation as set forth hereafter. Service of arbitration claims, arbitration pleadings
and confirmation pleadings or motions shall be effective if made by U.S. mail or overnight delivery to the address for the party
described herein. Any change of address for purposes of service must be served by written notification to the other party at the
address listed in this Agreement. The parties also agree that service on a party’s registered agent in the state where the
party is organized is proper and effective service on that party.

 

(b) Administrative
Body. All arbitration hereunder will be conducted with either: (1) The American Arbitration Association
(“AAA”) pursuant to its Commercial Arbitration Rules; (2) United States Arbitration & Mediation
(“USA&M”) pursuant to its Consolidated Arbitration Rules; or (3) JAMS pursuant to its Streamlined
Arbitration Rules & Procedures (exclusive in each case of any rules regarding class action proceedings which are
prohibited hereunder). The party first filing an arbitration claim shall designate which arbitration forum and rules are to
be applied for all Disputes between the parties. The arbitration rules are currently found at www.adr.org for AAA, at
www.usam-midwest.com for USA&M and at jamsadr.com for JAMS. AAA claims may be filed in any AAA office. Claims filed with
USA&M shall be filed in its Midwest office located at 720 Olive Street, Suite 2020, St. Louis, Missouri 63101. Claims
filed with JAMS shall be filed in its Chicago office located at 71 S. Wacker Drive, Suite 3090, Chicago, Illinois 60606. If
neither AAA, USA&M nor JAMS is willing or able to serve as the arbitration administrator, and the parties are unable to
agree upon a substitute arbitrator, then the arbitrator will be selected by the court. All arbitrator(s) selected shall be
attorneys with at least five (5) years experience in either secured transactions, bankruptcy or creditor’s rights. All
arbitrations shall be conducted by one arbitrator except as specifically set forth below or unless all parties agree
otherwise. For all individual claims exceeding Two Million Dollars ($2,000,000.00), exclusive of interest, costs and
attorney’s fees, a party may demand that the arbitration be conducted by a panel of three (3) arbitrators instead of
one arbitrator; provided that the requesting party shall pay all costs and arbitrator compensation associated with the
additional two arbitrators. The parties shall select the arbitrator(s) using the procedures set forth in the arbitration
rules of the applicable arbitral forum. The arbitrator(s) shall decide if any inconsistency exists between the rules of the
applicable arbitral forum and the arbitration provisions contained herein. If such inconsistency exists, the arbitration
provisions contained herein shall control and supersede such rules. The arbitrator(s) shall follow the terms of this
Agreement and the applicable law, including without limitation, the attorney-client privilege and the attorney work product
doctrine.

 

    9

     

    

 

(c)  
Hearings. The parties desire to resolve any Disputes that may arise in the most efficient and cost-effective manner. With
this desire in mind, each party hereby consents to a documentary hearing for all arbitration claims by submitting the Dispute
to the arbitrator(s) by written briefs and affidavits, along with relevant documents. However, arbitration claims will be submitted
by way of an oral hearing if any party submits a written request for an oral hearing within forty (40) days after service of the
claim and that party remits the appropriate deposit for their assessed share of the increased costs, fees and arbitrator compensation
(as decided and billed by the administrator) that result from an oral hearing within ten (10) days of when those fees are due.
Each party agrees that failure to timely pay all fees and arbitrator compensation billed to the party requesting the oral hearing
will be deemed such party’s consent to submitting the Dispute to the arbitrator(s) on documents and such party’s waiver
of its request for an oral hearing. If a party shall demonstrate through affidavits, financial statements and tax returns produced
to the arbitrator and other parties that it does not have the ability to pay the fees and arbitrator compensation, that party
may request that the fees and arbitrator compensation be waived and assessed after a decision is rendered. The site of all oral
arbitration hearings will be in the Division of the Federal Judicial District in which the designated arbitration association
maintains a regional office that is closest to Dealer or in Chicago, Illinois.

 

(d) Discovery.
In an effort to reduce costs for all parties and except as otherwise provided, the use of interrogatories, requests for
admission, requests for the production of documents or the taking of depositions shall not be permitted. Instead, the parties
agree that in any arbitration proceeding commenced hereunder, they shall engage in a limited exchange of information and
documents as follows: (1) no later than sixty (60) days after the filing and service of a claim for arbitration, the parties
in contested cases shall exchange detailed statements setting forth the facts supporting the claim(s) and all defenses to be
raised during the arbitration, and a list of all exhibits and witnesses; (2) upon request, a party shall provide a summary of
the proposed testimony of any witness within fourteen (14) days of the request; (3) in cases of extraordinary circumstances
and for good cause shown, the arbitrator(s) may allow a party to make a limited request for production of documents; (4) no
later than twenty-one (21) days prior to the oral arbitration hearing, the parties will exchange a final list of all exhibits
and all witnesses, including any designation of any expert witness(es) together with a summary of their testimony; a copy of
all documents and a detailed description of any property to be introduced at the hearing; (5) in the event a party designates
any expert witness(es), the following will apply: (i) all information and documents relied upon by the expert witness(es)
will be delivered to the opposing party; (ii) the opposing party will be permitted to depose the expert witness(es); (iii)
the opposing party will be permitted to designate rebuttal expert witness(es); and (iv) the arbitration hearing will be
continued to the earliest possible date that enables the foregoing limited discovery to be accomplished; (6) in cases where
the amount of the individual Dispute or any individual counterclaim is in excess of Two Million Dollars ($2,000,000.00),
exclusive of interest, costs and attorney’s fees, the parties agree that the following additional discovery and motion
practice shall be permitted: (i) up to three depositions per side with each lasting no more than seven hours; and (ii)
dispositive motions including, but not limited to, motions for summary judgment; the arbitrator shall be authorized to rule
on any dispositive motion filed. The arbitrator shall have the power to resolve any Disputes with regard to the above limited
exchange of information and documents.

 

    10

     

    

 

(e)
EXEMPLARY OR PUNITIVE DAMAGES. DEALER AND LENDER AGREE THAT BY ENTERING INTO THIS AGREEMENT, DEALER AND LENDER WAIVE THEIR
RIGHT TO SEEK EXEMPLARY OR PUNITIVE DAMAGES AND FURTHER AGREE THAT THE ARBITRATOR(S) SHALL NOT HAVE THE AUTHORITY TO AWARD EXEMPLARY
OR PUNITIVE DAMAGES TO ANY PARTY. IF THIS SPECIFIC PROVISION IS FOUND TO BE INVALID OR UNENFORCEABLE, THEN THE ENTIRETY OF THIS
BINDING ARBITRATION SECTION SHALL BE NULL AND VOID WITH RESPECT TO SUCH PROCEEDING, SUBJECT TO THE RIGHT TO APPEAL THE
LIMITATION OR INVALIDATION OF THIS PROVISION.

 

(f)
Confidentiality/Confirmation of Awards. All arbitration proceedings, including testimony or evidence at hearings, will
be kept confidential, although any award or order rendered by the arbitrator(s) pursuant to the terms of this Agreement may be
confirmed as a judgment or order in any state or federal court of competent jurisdiction as set forth hereinbelow and pursuant
to the FAA.

 

(g)
Prejudgment and Provisional Remedies. Notwithstanding the foregoing, any party may file, in a court of competent jurisdiction,
an action for bankruptcy, receivership, injunction, repossession, replevin, claim and delivery, sequestration, seizure, attachment,
foreclosure, and/or any other prejudgment or provisional action or remedy relating to any Collateral or to preserve a party’s
assets for any current or future debt owed by either party to the other. The purpose of such action or remedy is solely the protection
of a party’s rights, to maintain the status quo pending the confirmation of any award arising in arbitration or for possession
of Collateral and not for the award of money damages. Arbitration shall be the sole action and remedy for a party to recover money
damages, except as otherwise provided herein. The filing of any such action or remedy shall not waive any party’s right
to compel arbitration of any Dispute.

 

(h)
Attorneys’ Fees. The arbitrator(s) shall have the authority to award all attorney’s fees, interest charges and expenses
as set forth in this Agreement, in accordance with applicable law, including, but not limited to, the following events: (a) either
party brings any other action for judicial relief with respect to any Dispute, the arbitrator(s) shall have the authority to award
all costs and expenses (including attorneys’ fees) incurred to stay or dismiss such action and remove or refer such Dispute to
arbitration; (b) either party brings or appeals an action to vacate or modify an arbitration award, the arbitrator(s) shall have
the authority to award all costs and expenses(including attorneys’ fees) incurred in defending such action; and/or (c) either
party sues the other party or institutes any arbitration claim or counterclaim against the other party, the arbitrator(s) shall
have the authority to award all costs and expenses (including attorneys’ fees) incurred in the course of defending such action
or proceeding.

 

(i)
Limitations. Any arbitration proceeding must be instituted: (a) with respect to any Dispute for the collection of any debt
owed by either party to the other, within two (2) years after the date the last payment by or on behalf of the payor was received
and applied in respect of such debt by the payee; and (b) with respect to any other Dispute, within two (2) years after the date
the incident giving rise thereto occurred, whether or not any damage was sustained or capable of ascertainment or either party
knew of such incident. Failure to institute an arbitration proceeding within such period will constitute an absolute bar and waiver
to the institution of any proceeding, whether arbitration or a court proceeding, with respect to such Dispute. Notwithstanding
the foregoing, this limitations provision will be suspended temporarily as of the date any of the following events occur and will
not resume until the date following the date either party is no longer subject to (i) bankruptcy, (ii) receivership, (iii) any
proceeding regarding an assignment for the benefit of creditors, or (iv) any legal proceeding, civil or criminal, that prohibits
either party from foreclosing any interest it might have in the collateral of the other party.

 

 (j) Survival After Termination. The agreement to arbitrate will survive the termination of this Agreement.

 

(k) CLASS
ACTION WAIVER. DEALER AND LENDER AGREE THAT BY ENTERING INTO THIS AGREEMENT, DEALER AND LENDER WAIVE THEIR RIGHT TO
PARTICIPATE IN A CLASS ACTION, PRIVATE ATTORNEY GENERAL ACTION OR OTHER REPRESENTATIVE ACTION AGAINST THE OTHER IN A COURT OR
IN ARBITRATION. DEALER AND LENDER FURTHER AGREE THAT EACH MAY BRING DISPUTES AGAINST EACH OTHER ONLY IN THEIR INDIVIDUAL
CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, unless both
Dealer and Lender agree otherwise, arbitration claims may not be joined or consolidated in the arbitration proceeding. In no
event shall the arbitrator have authority to preside over any form of representative or class proceeding or to issue any
relief that applies to any person or entity other than Dealer and/or Lender individually. If this Class Action Waiver is
found to be invalid or unenforceable in whole or in part, then the entirety of this Binding Arbitration section (except for
this sentence) shall be null and void with respect to such proceeding, subject to the right to appeal the limitation or
invalidation of the Class Action Waiver.

 

23.
Governing Law. All Disputes will be governed by, and construed in accordance with, the laws of Illinois without regard to
the conflict of law rules, except to the extent inconsistent with the provisions of the FAA, which will control and govern all
arbitration proceedings hereunder.

 

24.
WAIVER OF RIGHT TO JURY TRIAL. ANY PROCEEDING WITH RESPECT TO ANY DISPUTE THAT IS TRIED IN COURT, INCLUDING ANY DISPUTE TRIED
IN COURT AS A RESULT OF ANY PORTION OF THE AGREEMENT TO ARBITRATE BEING FOUND TO BE UNENFORCEABLE, INVALID, OR WAIVED BY THE PARTIES,
WILL BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE WITHOUT A JURY. DEALER AND LENDER WAIVE ANY RIGHT TO A JURY TRIAL
IN ANY SUCH PROCEEDING.

 

    11

     

    

 

25.
JURISDICTION AND VENUE. Each party submits to, consents to, and accepts the following courts’ personal jurisdiction
over the party and the selection of such courts as the exclusive forum for all litigation:

 

(a)
Confirming, Vacating, Modifying or Correcting Awards – All litigation regarding confirming, vacating, modifying or correcting
an arbitration award shall be brought exclusively in (1) any state or federal court of competent jurisdiction within the federal
judicial district wherein the award was made or which includes the residence of the party against whom such award or order was
entered, or (2) in the United States District Court for the Northern District of Illinois, or (3) in the Circuit Court of Cook
County, Illinois.

 

(b)
Prejudgment and Provisional Remedies - All litigation regarding Prejudgment and Provisional remedies shall be brought exclusively
in any court (1) where the Dealer is located, (2) where the Collateral is located, (3) the United States District Court for the
Northern District of Illinois, or (4) the Circuit Court of Cook County, Illinois.

 

(c)  
All Other Disputes - Any other legal proceeding with respect to any Dispute that is not otherwise subject to arbitration, either
because the agreement to arbitrate is found to be unenforceable, is found to be invalid, or is waived by the parties, shall be
brought exclusively in the United States District Court for the Northern District of Illinois or the Circuit Court of Cook County,
Illinois.

 

THIS
CONTRACT CONTAINS BINDING ARBITRATION, CLASS ACTION WAIVER, JURY WAIVER, PUNITIVE DAMAGE WAIVER AND OTHER PROVISIONS THAT LIMIT
DEALER’S RIGHTS. DEALER HAS READ THE TERMS AND CONDITIONS OF THIS CONTRACT AND KNOWINGLY AND VOLUNTARILY AGREES THERETO.

 

Dated:
September 25, 2020.

 

DEALER:
ASIEN’S APPLIANCE, INC.

 

	By:	/s/
    Robert Douglas Patterson	 
	Print Name: 	Robert
    Douglas Patterson	 
	Title:	President	 

 

(Attach
copy of Driver’s License or State ID card for parties signing in their individual capacity)

 

WELLS
FARGO COMMERCIAL DISTRIBUTION FINANCE, LLC

 

	By:	/s/ Michele Cohan	 
	Print Name: 	Michele Cohan
	 
	Title:	Authorized Signor	 

 

 

    12

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