Document:

Note Modification Agreement by and between the Company and Sherington Holdings

 Exhibit 4.6 

FNDS3000 CORP. 

NOTE AND WARRANT PURCHASE AGREEMENT 

This NOTE AND WARRANT PURCHASE AGREEMENT, dated as of April 8, 2010 (this “Agreement”), is entered into by
and between FNDS3000 CORP., a Delaware corporation (the “Issuer”), with its principal executive office at 4651 Salisbury Road, Suite 485, Jacksonville, Florida 32256 (the “Principal Office”), and
SHERINGTON HOLDINGS, LLC, a Georgia limited liability company (“Purchaser”). 
 RECITALS 

 A. Purchaser is willing to purchase from the Issuer, and the Issuer is willing to sell to Purchaser, on the terms and
conditions set forth herein, a promissory note (in the form of Exhibit A hereto) in the original principal amount of Two Hundred Fifty Thousand Dollars ($250,000) (the “Note”), and a warrant (the “Warrant”)
to purchase shares of the Issuer’s common stock. 
 B. the Issuer intends to sell to John Hancock, on terms and conditions
substantially similar to those contained herein, a promissory note in the original principal amount of Two Hundred Fifty Thousand Dollars ($250,000) (the “Hancock Note”) and a warrant (the “Hancock Warrant”) to
purchase shares of the issuer’s common stock. 
 C. Capitalized terms not otherwise defined herein shall have the meaning
set forth in the form of Note (as defined below) attached hereto as Exhibit A. 
 AGREEMENT 

NOW THEREFORE, in consideration of the foregoing, and the representations, warranties, and conditions set forth below, the parties
hereto, intending to be legally bound, hereby agree as follows: 
 1. The Note and the Warrant. 

(a) Issuance of the Note and Warrant. At the Closing (as defined below) the Issuer agrees to issue and sell to Purchaser, and,
subject to all of the terms and conditions hereof, Purchaser agrees to purchase, the Note and the Warrant. 
 (b)
Delivery. The sale and purchase of the Note and the Note shall take place at a closing (the “Closing”) to be held at such place and time as the Issuer and Purchaser may determine (the “Closing Date”). At the
Closing, the Issuer will deliver the Note and the Warrant to the Purchaser, against receipt by the Issuer of the purchase price of Two Hundred Fifty Thousand Dollars ($250,000) (the “Purchase Price”). The Note and the Warrant will
be registered in Purchaser’s name in the Issuer’s records. 

 (c) Use of Proceeds. The proceeds of the sale and issuance of the Note and the
Warrant will be used for working capital and for general corporate purposes. 
 (d) Payments. The Issuer will make all
cash payments due under the Note in immediately available funds by 2:00 P.M. (prevailing Eastern Time) on the date such payment is due in such manner as Purchaser may direct in writing from time to time. 

2. Representations and Warranties of the Issuer. The Issuer represents and warrants to Purchaser that: 

(a) Due Incorporation, Qualification, etc. The Issuer is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. The Issuer (i) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (ii) is duly qualified, licensed to do business and in good standing as
a foreign corporation or limited liability company, as applicable, in each jurisdiction in which the failure to be so qualified or licensed could reasonably be expected to have a material adverse effect on the business, financial condition or
results of operations of the Issuer (a “Material Adverse Effect”). 
 (b) Authority. The execution,
delivery and performance by the Issuer of each Transaction Document (as defined in Section 5(e) hereof) to be executed by the Issuer, and the consummation of the transactions contemplated thereby (i) are within the power of the
Issuer and (ii) have been duly authorized by all necessary corporate or company action on the part of the Issuer. 
 (c)
Enforceability. Each Transaction Document executed, or to be executed, by the Issuer has been, or will be, duly executed and delivered by the Issuer(s) and constitutes, or will constitute, a legal, valid and binding obligation of the Issuer,
enforceable against the Issuer in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of
equity. 
 (d) Non-Contravention. The execution and delivery by the Issuer of the Transaction Documents executed by the
Issuer and the performance and consummation of the transactions contemplated thereby do not and will not: (i) violate the Issuer’s certificate of incorporation, bylaws, articles of formation or operating agreement, as applicable
(collectively, the “Organizational Documents”) or any material judgment, order, writ, decree, statute, rule or regulation applicable to the Issuer; (ii) violate any provision of, or result in the breach or the acceleration of,
or entitle any other Person to accelerate (whether after the giving of notice or lapse of time or both), any material mortgage, indenture, agreement, instrument or contract to which the Issuer is a party or by which it is bound; or (iii) result
in the creation or imposition of any lien upon any property, asset or revenue of the Issuer or the suspension, revocation, impairment, forfeiture, or nonrenewal of any material permit, license, authorization or approval applicable to the Issuer, its
business or operations, or any of its assets or properties. 
 (e) Approvals. No consent, approval, order or
authorization of, or registration, declaration or filing with, any governmental authority or other Person (including, without limitation, 

 

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the stockholders of any Person) is required in connection with the execution and delivery of the Transaction Documents executed by the Issuer and the performance and consummation of the
transactions contemplated thereby. 
 (f) No Violation or Default. The Issuer is in not violation of or in default with
respect to: (i) its Organizational Documents (in each case as currently in effect) or any material judgment, order, writ, decree, statute, rule or regulation applicable to the Issuer; (ii) any material mortgage, indenture, agreement,
instrument or contract to which the Issuer is a party or by which it is bound; or (iii) any federal, state, local or foreign law, ordinance or regulation or other requirement of any governmental or regulatory body, court or arbitrator
applicable to the business of the Issuer (nor is there any waiver in effect which, if not in effect, would result in such a violation or default). 

(g) Capitalization. The authorized capital stock of the Issuer consists solely of 5,000,000 shares of Preferred Stock, par value
$.001, none of which are issued and outstanding, and 150,000,000 shares of Common Stock, par value $0.001, of which, after giving effect to the transactions contemplated by this Agreement (i.e., the issuance of the Note and the Warrant) and the
issuance of the Hancock Note and the Hancock Warrant (i) 52,629,214 shares will be issued and outstanding; (ii) no shares are held in treasury; (iii) 54,538,483 shares are reserved for issuance upon the exercise of options and
warrants outstanding (the “Option and Warrant Shares”); (iv) 7,556,000 shares are reserved for issuance upon the conversion of the principal amount and interest accrued on the Original Note, as hereinafter defined (the
“Conversion Shares”); and 2,857,144 shares are reserved for issuance upon the conversion of the principal amount of the Note and the Hancock Note. All of the issued and outstanding shares of Common Stock have been duly authorized and are
validly issued, fully paid and nonassessable. Except as set forth in this Agreement (including the Note and the Warrant), and except for options and warrants relating to the Option and Warrant Shares and for the convertible notes relating to the
Conversion Shares, there are no options, warrants, conversion privileges, preemptive rights or other rights presently outstanding to purchase or otherwise acquire any authorized but unissued shares of capital stock or other securities of the Issuer,
or any other written agreements of the Issuer to issue any such securities or rights. 
 (h) Absence of Undisclosed
Liabilities and Obligations. The Issuer has no liability or obligation, either accrued, absolute, direct, or to the Issuer’s knowledge, contingent or indirect, or otherwise, whether as principal, agent, partner, co-venturer, guarantor or in
any capacity whatsoever other than (i) obligations and liabilities that are not individually or in the aggregate material and (ii) obligations under contracts made in the ordinary course of business. 

(i) Accuracy of Information Furnished. The Issuer understands and confirms that the Purchaser will rely on the representations and
warranties and covenants herein effecting transactions in securities of the Issuer. None of the Transaction Documents and none of the other certificates, statements or information furnished to the Purchaser by or on behalf of the Issuer in
connection with the Transaction Documents or the transactions contemplated thereby contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading. 
  

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 (j) Litigation. There is no pending or, to the best knowledge of the Issuer,
threatened action, suit, proceeding or investigation before any court, governmental agency or body, or arbitrator having jurisdiction over the Issuer, or any of its affiliates that would affect the execution by the Issuer or the performance by the
Issuer of its obligations under the Transaction Documents. There is no pending, or to the best of knowledge of the Issuer, basis for a threatened action, suit, proceeding or investigation before any court, governmental agency or body, or arbitrator
having jurisdiction over the Issuer or any of its affiliates which litigation if adversely determined would have or be reasonably likely to have a Material Adverse Effect. 

(k) Financial Statements. The Issuer has delivered to the Purchaser, or its representatives, true and complete copies of their
financial statements complied as to form and substance with applicable accounting requirements and the published rules and regulations of 

(l) Stop Transfer. The Note, the Warrant and the securities into which the Note and the Warrant are convertible (collectively, the
“Securities”), when issued, will be restricted securities. The Issuer will not issue any stop transfer order or other order impending the sale, resale or delivery of any of the Securities, except as may be required by any applicable
federal or state securities laws and unless contemporaneous notice of such instruction is given to Purchaser. 
 (m) No
Integrated Offering. Neither the Issuer nor any of its affiliates, nor any person acting on their behalf, has directly or indirectly made any offers or sales of any security or solicited any offers to buy any security under circumstances that
would cause the offer of the Securities pursuant to this Agreement to be integrated with prior offerings by the Issuer for purposes of the 1933 Act or any applicable stockholder approval provisions. The Issuer will not take any action or steps that
would cause the offer or issuance of the Securities to be integrated with other offerings. The Issuer will not conduct any offering other than the transactions contemplated hereby that will be integrated with the offer or issuance of the Securities.

 (n) No General Solicitation; Private Placement. Neither the Issuer nor, to its knowledge, any person acting on its
behalf has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under the 1933 Act) in connection with the offer or sale of the Securities. Assuming the accuracy of the Purchaser’s
representations and warranties set forth in Section 3(b), no registration under the 1933 Act is required for the offer and sale of the Securities by the Issuer to the Purchaser under the Transaction Documents. 

(o) Acknowledgement Regarding Purchaser’s Purchase of the Securities. The Issuer acknowledges and agrees that the Purchaser
is acting solely to the capacity of an arm’s length purchaser with respect to this Agreement, the Transaction Documents and the transactions contemplated hereby and thereby. The Issuer further acknowledges that the Purchaser is not acting as a
financial advisor or fiduciary of the Issuer (or in any similar capacity) with respect to the Agreement, the Transaction Documents and the transactions contemplated hereby and thereby and any advice given by the Purchaser or any of their respective
representative or agents in connection with this Agreement, the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to Purchaser’s purchase of the Securities. The Issuer further represents to the
Purchaser that the Issuer’s decision to enter into this Agreement has been based solely on the independent evaluation by the Issuer and its representatives. 

 

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 (p) Investment Company. The Issuer is not an “investment company” within
the meaning of the Investment Company Act of 1940, as amended. 
 (q) Solvency. Based on the financial condition of the
Issuer as of the Closing Date (and assuming that the Closing shall have occurred), (i) the Issuer’s saleable value of its assets exceeds the amount that will be required to be paid on or in respect of the Issuer’s existing debts and
other liabilities (including known contingent liabilities) as they mature, (ii) the Issuer’s assets do not constitute unreasonably small capital to carry on its business for the current fiscal year as now conducted and as proposed to be
conducted including its capital needs taking into account the particular capital requirements of the business conducted by the Issuer, and projected capital requirements and capital availability thereof, and (iii) the current cash flow of the
Issuer, together with the proceeds the Issuer would receive, were they to liquidate all of its assets, after taking into account all anticipated uses of the cash, would be sufficient to pay all amounts on or in respect of its debt when such amounts
are required to be paid. The Issuer will not incur debts beyond its ability to pay such debts as they mature (taking into account the timing and amounts of cash to be payable on or in respect of its debt). 

(r) Regulatory Permits. The Issuer possesses all material certificates, authorizations and permits issued by the appropriate
federal, state or foreign regulatory authorities necessary to conduct its business, and the Issuer has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit. 

(s) Tax Status. The Issuer has made and filed through the date hereof (and has valid extensions for applicable period thereafter)
all federal and state income and all other tax returns, reports, and declarations required by any jurisdiction to which it is subject and (unless and only to the extent that the Issuer has set aside on its books provisions reasonably adequate for
the payment of all unpaid and unreported taxes) has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns, reports and declarations, except those being contested in
good faith and has set aside on its books provision reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns, reports or declarations apply, in each case, except where the failure to make such
filing or payment or set aside such amount would not, individually or in the aggregate, have or be reasonably likely to have a Material Adverse Effect. There are no unpaid taxes claimed to be due by the taxing authority of any jurisdiction, and the
officers of the Issuer know of no basis for any such claim. 
 (t) Disclosure. All information furnished to the Purchaser
or the Purchaser’s counsel by or on behalf of the Issuer in connection with the transactions contemplated hereby or thereby, when taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements herein or therein not misleading. There is no fact of which the Issuer is aware that has not been disclosed to the Purchaser and that is or could reasonably be expected to be material and adverse to the
properties, business, or condition (financial or otherwise) of the Issuer. 
  

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 3. Representations and Warranties of Purchaser. The Purchaser represents and
warrants to the Issuer upon the acquisition of the Note and the Warrant as follows: 
 (a) Binding Obligation. The
Purchaser has full legal capacity, power and authority to execute and deliver this Agreement and to perform the Purchaser’s obligations hereunder. Each of this Agreement and the Note and the Warrant issued to the Purchaser is a valid and
binding obligation of the Purchaser, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general
principles of equity. 
 (b) Securities Law Compliance. The Purchaser has been advised that the Securities have not been
registered under the Securities Act, or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is
available. The Purchaser is aware that the Issuer is under no obligation to effect any such registration with respect to the Securities or to file for or comply with any exemption from registration. The Purchaser is purchasing the Securities for the
Purchaser’s own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof. The Purchaser has such knowledge and experience in financial and business matters that the
Purchaser is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment and is able to bear the economic risk of such investment for an indefinite period of time. The Purchaser is an
“accredited investor” as such term is defined in Rule 501 of Regulation D under the Securities Act. 
 (c)
Access to Information. The Purchaser acknowledges that the Issuer has given the Purchaser access to the corporate records and accounts of the Issuer and to all information in its possession relating to the Issuer, has made its officers and
representatives available for interview by the Purchaser, and has furnished the Purchaser with all documents and other information required for the Purchaser to make an informed decision with respect to the purchase of the Securities. 

4. Covenants of the Issuer. The Issuer hereby covenants that from and after the date of this Agreement and so long as any
of the obligations under the Note and the Warrant are outstanding: 
 (a) Use of Proceeds. The Issuer will use the
proceeds of the sale of the Note and Warrant solely to fund the general working capital needs of the Issuer. No portion of the proceeds of the sale of the Note or Warrant shall be used by the Issuer to purchase or carry “margin stock”, as
such term is defined in Regulation U of the Board of Governors of the Federal Reserve, or otherwise in violation of such Regulation U or other applicable law. The Issuer will supply to the Purchaser such additional information and documents that the
Purchaser may reasonably request with respect to the use of proceeds and will permit the Purchaser to have access to any and all records and information and personnel as the Purchaser deems necessary to verify such use of proceeds. 

(b) Right of First Refusal. Purchaser shall be given not less than ten (10) days prior written notice of any proposed sale (a
“New Offering”) by the Issuer of Common Stock or 
  

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other securities or debt obligations, except in connection with (i) full or partial consideration in connection with a strategic merger, consolidation or purchase of substantially all of the
securities or assets of a corporation or other entity, or (ii) the Issuer’s issuance of securities in connection with strategic license agreements and other partnering arrangements so long as such issuances are not for the purpose of
raising capital. If Purchaser exercises its right pursuant to this Section 4(b), it shall have the right during the ten (10) business days following receipt of the notice to commit to purchase all or part of such offered Common Stock, debt
or other securities in the New Offering. In the event such terms and conditions are modified during the notice period, Purchaser shall be given prompt notice of such modification and shall have the right during the ten (10) days following the
notice of modification to exercise such right. 
 5. Conditions to Closing by The Purchaser. The Purchaser’s
obligations at the Closing are subject to the fulfillment, on or prior to the Closing Date, of all of the following conditions, any of which may be waived in whole or in part by the Purchaser: 

(a) Representations and Warranties. The representations and warranties made by the Issuer in Section 2 hereof shall
have been true and correct on the Closing Date. 
 (b) Governmental Approvals and Filings. Except for any notices
required or permitted to be filed after the Closing Date with certain federal and state securities commissions, the Issuer shall have obtained all governmental approvals required in connection with the lawful sale and issuance of the Note and the
Warrant. 
 (c) Legal Requirements. At the Closing, the sale and issuance by the Issuer, and the purchase by the
Purchaser, of the Note shall be legally permitted by all laws and regulations to which the Purchaser or either of the Issuer are subject. 

(d) Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated at the Closing
and all documents and instruments incident to such transactions shall be reasonably satisfactory in form and substance to the Purchaser. 

(e) Transaction Documents. The Purchaser shall have received executed copies of this Agreement, the Note and the Warrant. This
Agreement, the Note and the Warrant, together with each other agreement, document and instrument executed from time to time in connection herewith or therewith, are referred to collectively in this Agreement as the “Transaction
Documents.” 
 6. Conditions to Obligations of the Issuer. The Issuer’s obligation to issue and sell
the Note and Warrant at the Closing is subject to the fulfillment, on or prior to the Closing Date, of the following conditions, any of which may be waived in whole or in part by the Issuer: 

(a) Representations and Warranties. The representations and warranties made by the Purchaser in Section 3 hereof shall
be true and correct when made, and shall be true and correct on the Closing Date. 
  

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 (b) Governmental Approvals and Filings. Except for any notices required or permitted
to be filed after the Closing Date with certain federal and state securities commissions, the Issuer shall have obtained all governmental approvals required in connection with the lawful sale and issuance of the Note and the Warrant. 

(c) Legal Requirements. At the Closing, the sale and issuance by the Issuer, and the purchase by the Purchaser, of the Note and
the Warrant shall be legally permitted by all laws and regulations to which the Purchaser or the Issuer are subject. 
 (d)
Purchase Price. The Purchaser shall have delivered to Issuer the Purchase Price in respect of the Note and the Warrant being purchased. 

7. Piggyback Registration Rights. 

(a) Notice of Rights. If the Issuer determines to register the sale of any equity securities in connection with an initial public
offering of its Common Stock pursuant to a registration under the Securities Act (an “Initial Public Offering”), Issuer shall notify Purchaser in writing at least thirty (30) days prior to the filing of any registration
statement under the Securities Act for purposes of a public offering of securities of the Issuer (whether in connection with a public offering of securities by the Issuer, a public offering of securities by shareholders of the Issuer, or both, but
excluding a registration relating solely to employee benefit plans, or a registration relating to a corporate reorganization or other transaction, or a registration on any registration form that does not permit secondary sales). If Purchaser desires
to include in any such registration statement, all or any part of the Securities held, it shall, within ten (10) days after receipt of the above-described notice from the Issuer, so notify the Issuer in writing and the Issuer shall use its
commercially reasonable efforts, subject to the provisions of this Section, to include in such registration statement or prospectus all of the Securities specified in such notice or notices. Such notice shall state the intended method of disposition
of the Securities by Purchaser as set forth herein. If Purchaser decides not to include all of its Securities in any registration statement thereafter filed by the Issuer, Purchaser shall nevertheless continue to have the right to include any of its
Securities in any subsequent registration statement or registration statements, as may be filed by the Issuer with respect to offerings of its securities, all upon the terms and conditions set forth herein. 

(b) Underwriting. If the registration statement under which Issuer gives notice under this Section 7(b) is for an
underwritten offering, the Issuer shall so advise Purchaser as part of the notice given pursuant to Section 7(a). In such event, the right of Purchaser to be included in a registration or prospectus qualification pursuant to this
Section 7(b) shall be conditioned upon Purchaser’s participation in such underwriting and the inclusion of Purchaser’s Securities in the underwriting to the extent provided herein. If Purchaser proposes to distribute its Securities
through such underwriting, it shall enter into an underwriting agreement, together with the Issuer and any other security holders participating in that registration, and, if requested to do so by the underwriter or underwriters, a lock-up agreement,
each in customary form with the underwriter or underwriters selected for such underwriting by the Issuer. If Purchaser disapproves of the terms of any such underwriting, Purchaser may elect to withdraw therefrom by written notice to the Issuer and
the 
  

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underwriter or underwriters, delivered at least ten (10) business days prior to the effective date of the registration statement. Any of Purchaser’s Securities withdrawn from such
underwriting shall be withdrawn from the registration or prospectus qualification. 
 (c) Right to Terminate
Registration. The Issuer shall have the right to terminate or withdraw any registration or prospectus qualification initiated by it under this Section 7(c) prior to the effectiveness of such registration or final approval of such prospectus
qualification whether or not Purchaser has elected to include securities in such registration or prospectus qualification. The registration expenses of such withdrawn registration or prospectus qualification shall be borne by the Issuer. 

(d) Indemnification by Issuer. The Issuer shall indemnify and hold harmless, to the fullest extent permitted by law, Purchaser,
each of its officers, directors, partners and each person who controls Purchaser (within the meaning of the Securities Act) against all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorney’s fees)
amounts paid in settlement and expenses incurred by such person (collectively, “Claims”) insofar as such Claims arise out of or are based upon: (i) any untrue or alleged untrue statement of a material fact contained in any
Registration Statement (as defined in the Note), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged
untrue statement of a material fact contained in any preliminary Prospectus (as defined in the Note) if used prior to the effective date of such Registration Statement, or contained in the final Prospectus (as amended or supplemented, if the Issuer
files any amendment thereof or supplement thereto with the Securities and Exchange Commission) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in the light of the circumstances
under which the statements therein were made, not misleading, or (iii) any violation by the Issuer of any federal, state, provincial, territorial or common law, rule or regulation applicable to the Issuer in connection with any Registration
Statement, Prospectus or any preliminary Prospectus, or any amendment or supplement thereto (clauses (i), (ii) and (iii) being collectively, “Violations”), and shall reimburse, in accordance with subparagraph
(c) below, each of the foregoing persons for any legal and any other expenses reasonably incurred in connection with investigating or defending any such claims. Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 7(d): (i) shall not apply to a Claim by an indemnified person arising out of or based upon a Violation that occurs in reliance upon and in conformity with information furnished in writing to the Issuer
by such indemnified person or by Purchaser on behalf of such indemnified person expressly for use in connection with the preparation of the Registration Statement or Prospectus or any such amendment thereof or supplement thereto and; (ii) shall
not be available to the extent such Claim is based on a failure of the Purchaser to deliver or to cause to be delivered the Prospectus made available by the Issuer, if such Prospectus was timely made available by the Issuer at or prior to the time
delivery of such Prospectus was required of such indemnified person. Indemnity under this Section 7(d) shall remain in full force and effect regardless of any investigation made by or on behalf of Purchaser and shall survive the permitted
transfer of the Securities. 
 (e) Contribution. If for any reason the indemnification provided for in the preceding
paragraph (d) is unavailable to Purchaser or insufficient to hold it harmless, other than as 
  

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expressly specified therein, then Issuer shall contribute to the amount paid or payable by Purchaser as a result of such Claim, in such proportion as is appropriate to reflect the relative fault
of the Issuer and Purchaser, as well as any other relevant equitable considerations. No person guilty of fraudulent misrepresentation within the meaning of Section 11(f) of the Securities Act shall be entitled to contribution from any person
not guilty of such fraudulent misrepresentation. In no event shall the contribution obligation of Issuer be greater in amount than the dollar amount of the proceeds (net of all expenses paid by Purchaser and the amount of any damages Purchaser has
otherwise been required to pay by reason of such Violation) received by it upon the sale of the Securities giving rise to such contribution obligation. 

8. Miscellaneous. 

(a) Waivers and Amendments. Any provision of this Agreement may be amended, waived or modified only upon the written consent of the
Issuer and the Purchaser. 
 (b) Governing Law. This Agreement and all actions arising out of or in connection with this
Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to the conflicts of law provisions of the State of Georgia or of any other state. 

(c) Survival. The representations, warranties, covenants and agreements made herein shall survive the execution and delivery of
this Agreement for a period of twenty-four (24) months. 
 (d) Successors and Assigns. Subject to the restrictions
on transfer described in Sections 8(e) and 8(f) below, the rights and obligations of the Issuer and the Purchaser shall be binding upon and benefit the respective successors, assigns, heirs, administrators and transferees of
such parties. 
 (e) Registration, Transfer and Replacement of the Note and Warrant. The Issuer will keep, at its
Principal Office, books for the registration and registration of transfer of the Note and the Warrant. Prior to presentation of the Note or the Warrant for registration of transfer, the Issuer shall treat the Person in whose name such Note or
Warrant is registered as the owner and holder of such Note for all purposes whatsoever, whether or not such Note shall be overdue, and the Issuer shall not be affected by notice to the contrary. Subject to any restrictions on or conditions to
transfer set forth in the Note or the Warrant, as applicable, the holder of the Note or the Warrant, at his/her/its option, may in person or by duly authorized attorney surrender the same for exchange at the Principal Office, and promptly thereafter
and at the Issuer’s expense, except as provided below, receive in exchange therefor one or more new Note(s) or Warrant(s), which in the case of the Note shall be for the same principal amount as the then unpaid principal amount of the Note so
surrendered and shall be dated the date to which interest shall have been paid on the Note so surrendered or, if no interest shall have yet been so paid, dated the date of the Note so surrendered, and which in the case of the Warrant, shall be dated
the date of the Warrant so surrendered, and in any such case registered in the name of such Person or Persons as shall have been designated in writing by such holder or its attorney. Upon receipt by the Issuer of evidence reasonably satisfactory

  

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to it of the ownership of and the loss, theft, destruction or mutilation of the Note or the Warrant and (i) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to
it; or (ii) in the case of mutilation, upon surrender thereof, the Issuer, at its expense, will execute and deliver in lieu thereof a new Note or Warrant executed in the same manner as the Note or Warrant being replaced, and in the case of a
lost, stolen or destroyed Note, in the same principal amount as the unpaid principal amount of such Note and dated the date to which interest shall have been paid on such Note or, if no interest shall have yet been so paid, dated the date of such
Note; and in the case of a lost, stolen or destroyed Warrant, dated the date of such Warrant. 
 (f) Assignment by the
Issuer. The rights, interests and obligations hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Issuer without the prior written consent of the Purchaser. 

(g) Entire Agreement. This Agreement, together with the other Transaction Documents, constitutes and contains the entire agreement
among the Issuer and the Purchaser and supersedes any and all prior agreements, negotiations, correspondence, understandings and communications between the parties, whether written or oral, respecting the subject matter hereof. 

(h) Notices. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder shall
be in writing and faxed, mailed or delivered to each party as follows: (i) if to the Purchaser, at the Purchaser’s address or facsimile number set forth on the signature page below or at such other address as the Purchaser shall have
furnished the Issuer in writing, or (ii) if to the Issuer, at the Principal Office, Attention: Joe McGuire, or at such other address or facsimile number as the Issuer shall have furnished to the Purchaser in writing. All such notices and
communications will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) one Business Day after being delivered by facsimile (with receipt of appropriate confirmation), (iv) one
Business Day after being deposited with an overnight courier service of recognized standing or (v) four days after being deposited in the U.S. mail, first class with postage prepaid. 

(i) Expenses. Each party shall pay the fees and expenses of its respective counsel with respect to the negotiation, execution,
delivery, performance and enforcement of the Agreement and the Transaction Documents. 
 (j) Severability of this
Agreement. If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 (k) Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to
be considered in construing or interpreting this Agreement. 
 (l) Counterparts. This Agreement may be executed in any
number of counterparts (including by way of electronic transmission), each of which shall be an original, but all of which together shall be deemed to constitute one instrument. 

 

 11 

 (m) No Amendment or Waiver of Original Note Purchase Agreement or Original Note. This
Agreement and the Note do not amend, waive or modify any of the terms and conditions of the Amended and Restated Note Purchase Agreement, dated as of December 8, 2008, between the Issuer and the Purchaser, as amended or otherwise modified from
time to time, the Second Amended and Restated Secured Convertible Promissory Note, dated July 1, 2009, executed by the Issuer in favor of the Purchaser, as amended or otherwise modified from time to time (the “Original Note”),
or any agreement, document or instrument executed from time to time in connection therewith. 
 [Signature page follows] 

  

 12 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
by their proper and duly authorized officers as of the date and year first written above. 
  

			
	ISSUER:
	
	 FNDS3000 CORP.

a Delaware corporation

		
	By:	 	 /s/ Joseph F. McGuire

	Name:	 	Joseph F. McGuire
	Title:	 	Chief Financial Officer
	
	PURCHASER:
	
	SHERINGTON HOLDINGS, LLC
		
	By:	 	 /s/ Raymond Goldsmith

	Print Name: Raymond Goldsmith
	
	Address for Notices:
	
	60 Sherington Place
	Atlanta, GA 30350

[SIGNATURE PAGE TO NOTE PURCHASE AGREEMENT] 
  

 13 

 EXHIBIT A 

FORM OF NOTE 

[Attach when finalized] 

 EXHIBIT B 

FORM OF WARRANT 

[Attach when finalized]Note and Warrant Purchase Agreement by and between the Company and Sherington

 Exhibit 4.7 

THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY U.S.
STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS AND IN ACCORDANCE WITH THE PROVISIONS OF REGULATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAW. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT. 
 FNDS3000 CORP. 

CONVERTIBLE PROMISSORY NOTE 
  

	 $250,000 
	 April 8, 2010 

Atlanta, Georgia 

FOR VALUE RECEIVED, FNDS3000 CORP., a Delaware corporation (the “Issuer”), with its principal executive office
located at 4651 Salisbury Road, Suite 485, Jacksonville, Florida 32256 (the “Principal Office”), promises to pay to SHERINGTON HOLDINGS, LLC (“Purchaser”), or its registered assigns, in lawful money of the
United States of America the principal sum of Two Hundred Fifty Thousand Dollars ($250,000), or such lesser amount as shall equal the outstanding principal amount hereof, together with interest from the date of this Note on the unpaid
principal balance at a rate equal to 10% per annum, simple interest, computed on the basis of a 360 day year consisting of twelve 30-day months (the “Interest”). All unpaid principal, together with any then unpaid and accrued
Interest and other amounts payable hereunder, shall be due and payable on the earlier of: (i) the close of business on August 31, 2010, or (ii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts
become due and payable to Purchaser in accordance with the terms hereof (the earliest of such dates being hereinafter referred to as the “Maturity Date”). This Note is the “Note” issued pursuant to the Note and Warrant
Purchase Agreement, dated as of April 8, 2010 (as amended, modified or supplemented, the “Note Purchase Agreement”) between the Issuer and the Purchaser. 

The following is a statement of the rights of Purchaser and the conditions to which this Note is subject, and to which Purchaser, by the
acceptance of this Note, agrees: 
 1. Definitions. As used in this Note, the following capitalized terms
have the following meanings: 
 (a) “Business Day” means any day other than a Saturday, a Sunday or a day on
which banking institutions in Atlanta, Georgia are authorized or obligated to close. 
  

 1 

 (b) “Common Stock” means the Issuer’s Common Stock, par value $0.001
per share. 
 (c) “Event of Default” has the meaning given in Section 4 hereof. 

(d) “Interest” has the meaning given in the introductory paragraph hereof. 

(e) “Material Adverse Effect” means a material adverse effect on (i) the business, assets, operations, prospects or
financial or other condition of the Issuer and its Subsidiaries, taken as a whole; (ii) the ability of the Issuer to pay or perform the Obligations in accordance with the terms of this Note and the other Transaction Documents and to avoid an
Event of Default, or an event which, with the giving of notice or the passage of time or both, would constitute an Event of Default, under any Transaction Document; or (iii) the rights and remedies of Purchaser under this Note, the other
Transaction Documents or any related document, instrument or agreement. 
 (f) “Material Agreement” means any
of the following agreements: (i) that certain Software License Agreement dated November 21, 2007 between World Processing Ltd. and the Issuer; (ii) that certain agreement dated May 29, 2008 among Mercantile Bank Limited,
Symelation (PTY) Limited and the Issuer; (iii) that certain branding arrangement with the Issuer, FNDS TECH (PTY) LIMITED, and Mastercard Worldwide or its affiliate, pursuant to which the Issuer and FNDS TECH (PTY) LIMITED are authorized to
issue debit cards in South Africa with the Mastercard brand; and (iv) any other agreement to which the Issuer or any of its Subsidiaries becomes a party after the date hereof, the termination of which could reasonably be expected to result in a
Material Adverse Effect. 
 (g) “Maturity Date” has the meaning given in the introductory paragraph hereof.

 (h) “Obligations” means and includes all loans, advances, debts, liabilities and obligations, howsoever
arising, owed by the Issuer to Purchaser of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), now existing or hereafter arising under or pursuant to the terms of this Note,
including, all interest, fees, charges, expenses, attorneys’ fees and costs and accountants’ fees and costs chargeable to and payable by the Issuer hereunder and thereunder, in each case, whether direct or indirect, absolute or contingent,
due or to become due, and whether or not arising after the commencement of a proceeding under Title 11 of the United States Code (11 U. S. C. Section 101 et seq.), as amended from time to time (including post-petition interest) and
whether or not allowed or allowable as a claim in any such proceeding. 
 (i) “Person” means and includes an
individual, a partnership, a corporation (including a business trust), a joint stock company, a limited liability company, an unincorporated association, a joint venture or other entity or a governmental authority. 

 

 2 

 (j) “Purchaser” means Sherington Holdings, LLC, a Georgia limited liability
company or any Person who shall at the time be the registered holder of this Note. 
 (k) “Securities Act”
means the Securities Act of 1933, as amended. 
 (l) “Subsidiary” means, as to any Person, any corporation,
partnership, limited liability company or other entity of which more than fifty percent (50%) of the outstanding capital stock or other ownership interests having ordinary voting power to elect a majority of the board of directors or other
managers of such corporation, partnership, limited liability company or other entity is at the time, directly or indirectly, owned by such Person (irrespective of whether, at the time, capital stock or other ownership interests of any other class or
classes of such corporation or other entity shall have or might have voting power by reason of the happening of any contingency). With respect to the Issuer, “Subsidiary” shall include, without limitation, FNDS TECH (PTY) LIMITED, a
company incorporated in the Republic of South Africa. 
 (m) “Transaction Documents” means this Note, the Note
and Warrant Purchase Agreement, the Warrant and each related agreement, document and instrument executed in connection herewith or therewith from time to time. 

(n) “Warrant” means the Warrant to Purchase Common Stock issued by the Issuer to and in favor of the Purchaser as of the
date hereof. 
 2. Interest. Accrued Interest on this Note shall be payable on the Maturity Date.

 (a) As stated above, the Interest payable hereunder shall be calculated on the basis of a 360-day year and actual days
elapsed, and the foregoing statement of the stated interest rate hereunder has been made without regard to the effect of the use of such 360-day year. If interest were calculated hereunder on the basis of a 365 or 366-day year and actual days
elapsed, the equivalent rate of interest in effect on any date may be obtained by multiplying the stated interest rate set forth above by a fraction, the numerator of which is 365 or 366, as the case may be, and the denominator of which is 360.
Computing interest on a 360 day year and actual number of days elapsed could produce an annualized effective interest rate that exceeds that of the stated rate. The purpose of this paragraph is to express the rate of interest in simple interest
terms per annum in accordance with Section 7-4-2(a)(1)(A) of the Official Code of Georgia Annotated. 
 3.
Collateral. The Obligations and all other amounts owing hereunder are unsecured. 
 4. Events of
Default. The occurrence of any of the following shall constitute an “Event of Default” under this Note and the other Transaction Documents: 

(a) Failure to Pay. The Issuer shall fail to pay (i) when due any principal payment on the due date hereunder or
(ii) any interest or other payment required under the terms of this Note on the date due and such payment under this subclause (ii) shall not have been made within five days of the due date; or 

 

 3 

 (b) Representations and Warranties. Any representation or warranty made in this Note
or in connection with this Note, any of the other Transaction Documents, or the Obligations, shall prove to have been false or misleading when made (or, if applicable, when reaffirmed) in any material respect; or 

(c) Covenants. The Issuer or any Subsidiary of the Issuer fails to timely and properly observe, keep or perform, any term,
covenant, agreement or condition in this Note or in any of the other Transaction Documents (other than the obligations described in clause 4(a) above), and such failure continues for a period of at least four Business Days after the occurrence
thereof; provided, that if such failure is not capable of being cured within such four (4) Business Day period, such failure shall constitute an Event of Default hereunder immediately upon the occurrence thereof; or 

(d) Cross Default. The Issuer or any Subsidiary of the Issuer is in default under any indebtedness or other obligations (other
than those evidenced by this Note), which default would cause or permit the holder of such indebtedness or other obligations to accelerate the maturity thereof; or 

(e) Validity of Transaction Documents. The Issuer or any Subsidiary of the Issuer shall challenge the validity and binding
effect of any provision of any of the Transaction Documents or shall state its intention to make such a challenge of any of the Transaction Documents or any of the Transaction Documents shall for any reason (except to the extent permitted by its
express terms) cease to be effective or to create a valid and perfected security interest in any of the collateral purported to be covered thereby; or 

(f) Inability to Pay Debts. The Issuer or any Subsidiary of the Issuer admits in writing its inability generally to pay its debts
as they mature or shall make any assignment for the benefit of any of its creditors; or 
 (g) Judgments. The entry of a
final judgment for the payment of money involving more than $25,000 against the Issuer or any Subsidiary of the Issuer, and the failure by the Issuer or such Subsidiary to discharge the same, or cause it to be discharged, within thirty
(30) days from the date of the order, decree or process under which or pursuant to which such judgment was entered; or 

(h) Suspension of Business. The Issuer or any Subsidiary of the Issuer suspends or terminates its business operations or
liquidates, dissolves or terminates its existence; or 
 (i) Voluntary Bankruptcy or Insolvency Proceedings. The Issuer
or any Subsidiary of the Issuer shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or admit in writing its inability,
to pay its debts generally as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated, (v) become insolvent (as such term may be defined or interpreted under any
applicable statute), (vi) commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or
consent to any 
  

 4 

 
such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or (vii) take any action for the
purpose of effecting any of the foregoing; or 
 (j) Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for
the appointment of a receiver, trustee, liquidator or custodian of the Issuer or any Subsidiary of the Issuer or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or
other relief with respect to the Issuer or any such Subsidiary or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be
dismissed or discharged within 30 days of commencement; or 
 (k) Default or Termination of Material Agreements. The
Issuer, any Subsidiary of the Issuer, or any other party to any Material Agreement shall materially breach the terms of such Material Agreement, or any such Material Agreement shall otherwise be terminated, or any party thereto shall have the right
to terminate such Material Agreement prior to the scheduled termination thereof, or any party thereto shall fail to renew any such Material Agreement following its termination or expiration; or 

(l) Material Adverse Effect. The occurrence of a Material Adverse Effect. 

5. Rights of Purchaser upon Default. Upon the occurrence or existence of any Event of Default (other than an Event
of Default described in Sections 5(i) or 5(j)) and at any time thereafter during the continuance of such Event of Default, Purchaser may, by written notice to the Issuer, declare all outstanding Obligations payable by the Issuer
hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in
Sections 5(i) and 5(j), immediately and without notice, all outstanding Obligations payable by the Issuer hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice
of any kind, all of which are hereby expressly waived. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, Purchaser may exercise any other right, power or remedy granted to it by the Transaction
Documents or otherwise permitted to it by law, either by suit in equity or by action at law, or both. 
 6. Conversion
Rights. Purchaser shall have the right to convert this Note and accrued and unpaid Interest due under this Note into shares of Common Stock, as set forth below. 

(a) Conversion into Issuer’s Common Stock. Purchaser shall have the right from and after the date of the issuance of this
Note and then at any time until this Note is fully paid, to convert any outstanding and unpaid principal portion of this Note, and accrued Interest on such portion, at the election of the Purchaser (the date of such conversion being a
“Conversion Date”) into fully paid and non-assessable shares of Common Stock as such stock exists on the date of issuance of this Note, or any shares of capital stock of the Issuer into which such Common Stock shall hereafter be
changed or reclassified, at the conversion price of $0.175 (the “Conversion Price”). Upon delivery to the Issuer of a completed Notice of Conversion, a form of which is attached hereto, the Issuer shall issue and deliver to the
Purchaser within five (5) business days from 
  

 5 

 
the Conversion Date (such day being the “Delivery Date”) that number of shares for the portion of the Note and related accrued Interest converted in accordance with the
foregoing. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal of the Note and accrued Interest to be converted, by the Conversion Price. 

(b) Manner of Conversion. 

(i) Surrender of the Note. This Note may be converted by Purchaser by presentment of this Note, accompanied by written notice
stating that Purchaser elects to convert all or a portion of the principal amount thereof and stating the name or names, together with addresses, in which the Conversion Shares are to be issued. A minimum of at least Fifty Thousand Dollars ($50,000)
of the principal amount must be tendered in each conversion (if any), unless the aggregate principal amount outstanding under this Note is less than $50,000. Each conversion shall be deemed to have been effected immediately prior to the close of
business on the date on which this Note shall have been so surrendered to Issuer; and at such time the rights of the Purchaser as to that portion of this Note so converted shall cease, and the person in whose name or names any certificate or
certificates for Conversion Shares (or other securities) shall be issuable upon such conversion shall be deemed to have become the holder or holders of record thereof. If this Note is converted in part only, upon conversion of such part hereof,
Issuer shall execute and deliver to the Purchaser upon surrender of this Note a new Note in the aggregate principal amount equal to the then unconverted portion of the principal amount of this Note and in all other respects identical to this Note.

 (ii) Accrued Interest, Etc. Issuer will pay to Purchaser converting this Note any accrued but unpaid Interest on the
principal amount so converted up to and including the Conversion Date. 
 (c) Adjustment of Conversion Price. The
Conversion Price shall be adjusted from time to time as follows: 
 (i) Dividends, Splits, Combinations,
Reclassifications. In the event Issuer shall hereafter (i) pay a stock dividend or make a stock distribution of shares of Common Stock with respect to the Common Stock, (ii) subdivide its outstanding Common Stock into a greater amount
of Common Stock, (iii) combine its outstanding Common Stock into a smaller amount of Common Stock, or (iv) issue by reclassification of its Common Stock any other security of Issuer, the Conversion Price in effect immediately prior to such
action shall be adjusted so that Purchaser shall be entitled to receive the amount of Common Stock or other capital stock of Issuer it would have owned immediately following such action had this Note or any remaining portion hereof been converted in
full immediately prior thereto. All adjustments made pursuant to this subsection 6(c)(i) shall become effective immediately after the record date in the case of a dividend or distribution and shall become effective immediately after the effective
date in the case of a subdivision, combination or reclassification. If, as a result of an adjustment made pursuant to this subsection 6(c)(i), Purchaser shall become entitled to receive the Conversion Shares and other securities of Issuer, the Board
of Directors of Issuer shall reasonably determine the allocation of the adjusted Conversion Price between or among the Conversion Shares and such other securities. 

 

 6 

 (ii) De Minimus Exception. If the amount of any single adjustment of the Conversion
Price required pursuant to subsection 6(c) would be less than one cent ($.01) at the time such adjustment is otherwise so required to be made, such amount shall be carried forward and adjustment with respect thereto made at the time of and together
with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate at least one cent ($.01) when the Conversion Price is subsequently adjusted. 

(d) Sale of Shares of Common Stock Below Conversion Price. 

(i) If at any time or from time to time after the date this Note is issued, Issuer issues or sells, or is deemed by the express
provisions of this Section 6(d) to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), other than as a dividend or other distribution on any class of stock as provided in Section 6(c)(i) above, and other than a
subdivision or combination of shares of Common Stock as provided in Section 6(c)(i) above, for an Effective Price (as hereinafter defined) less than the Conversion Price (subject to adjustment for any events after the Issue Date described in
Section 6(c)(i), then the then existing Conversion Price shall be reduced, as of the opening of business on the date of such issue or sale, to a price equal to the Effective Price. 

(ii) Determination of Consideration. For the purpose of making any adjustment required under this Section 6(d), the
consideration received by Issuer for any issue or sale of securities shall (A) to the extent it consists of cash, be the amount of cash received by Issuer therefor before deducting any discounts, commissions or other expenses allowed, paid or
incurred by Issuer for any underwriting or otherwise in connection thereof, (B) to the extent it consists of property other than cash, be computed at the fair value of that property as determined in good faith by the Board of Directors, and
(C) if Additional Shares of Common Stock, Convertible Securities (as hereinafter defined) or rights or options to purchase either Additional Shares of Common Stock or Convertible Securities are issued or sold together with other stock or
securities or other assets of Issuer for a consideration which covers both, be computed as the portion of the consideration so received that may be reasonably determined in good faith by the Board of Directors to be allocable to such Additional
Shares of Common Stock, Convertible Securities or rights or options. 
 (iii) Treatment of Convertible Securities. For
the purpose of the adjustment required under this Section 6(d), if Issuer issues or sells any rights or options for the purchase of, or stock or other securities convertible into, Additional Shares of Common Stock (such convertible stock or
securities being herein referred to as “Convertible Securities”) and if the Effective Price of such Additional Shares of Common Stock is less than the Conversion Price (subject to adjustment as aforesaid), in each case Issuer shall
be deemed to have issued at the time of the issuance of such rights or options or Convertible Securities the maximum number of Additional Shares of Common Stock issuable upon exercise or conversion thereof and to have received as consideration for
the issuance of such shares an amount equal to the total amount of the consideration, if any, received by Issuer for the issuance of such rights or options or Convertible Securities, plus, in the case of such rights or options, the amounts of
consideration, if any, payable to Issuer upon the exercise of such rights or options, plus, in the case of Convertible Securities, the 

 

 7 

 
amounts of consideration, if any, payable to Issuer (other than by cancellation of liabilities or obligations evidenced by such Convertible Securities) upon the conversion thereof; provided that
if, in the case of Convertible Securities, the amounts of such consideration cannot be ascertained but are a function of anti-dilution or similar protective clauses, Issuer shall be deemed to have received the amounts of consideration without
reference to such clauses; and provided further that if the amount of consideration payable to Issuer upon the exercise or conversion of rights, options or Convertible Securities is reduced over time or on the occurrence or non-occurrence of
specified events other than by reason of anti-dilution adjustments, the Effective Price shall be recalculated using the figure to which such amount of consideration is reduced; and provided further that if the amount of consideration payable to
Issuer upon the exercise or conversion of such rights, options or Convertible Securities is subsequently increased, the Effective Price shall be again recalculated using the increased amount of consideration payable to Issuer upon the exercise or
conversion of such rights, options or Convertible Securities. No further adjustment of the Conversion Price, as adjusted upon the issuance of such rights, options or Convertible Securities, shall be made as a result of the actual issuance of
Additional Shares of Common Stock on the exercise of any such rights or options or the conversion of any such Convertible Securities. If any such rights or options or the conversion privilege represented by any such Convertible Securities shall
expire without having been exercised, the Conversion Price as adjusted upon the issuance of such rights, options or Convertible Securities shall be readjusted to the Conversion Price which would have been in effect had an adjustment been made on the
basis that the only Additional Shares of Common Stock so issued were the Additional Shares of Common Stock, if any, actually issued or sold on the exercise of such rights or options or rights of conversion of such Convertible Securities, and such
Additional Shares of Common Stock, if any, were issued or sold for the consideration actually received by Issuer upon such exercise, plus the consideration, if any, actually received by Issuer for the granting of all such rights or options, whether
or not exercised, plus the consideration received for issuing or selling the Convertible Securities actually converted, plus the consideration, if any, actually received by Issuer (other than by cancellation of liabilities or obligations evidenced
by such Convertible Securities) on the conversion of such Convertible Securities, provided that such readjustment shall not apply to prior conversions of this Note. 

(iv) Excluded Issuances. For purposes of this Note, the term “Additional Shares of Common Stock” shall mean all
shares of Common Stock issued by Issuer or deemed to be issued pursuant to this Section 6(d), whether or not subsequently reacquired or retired by Issuer other than (i) shares of Common Stock issued upon conversion of this Note; and
(ii) the issuance of the Option and Warrant Shares (as defined in the Note Purchase Agreement). 
 (v) Effective
Price. For purposes of this Note, the term “Effective Price” of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to
have been issued or sold by Issuer under this Section 6(d), into the aggregate consideration received, or deemed to have been received by Issuer for such issue under this Section 6(d), for such Additional Shares of Common Stock.

 7. No Right of Redemption. This Note may not be redeemed or prepaid prior to the Maturity Date without
the prior written consent of Purchaser; provided, however, that in the event of any such redemption or prepayment, the redemption price or prepayment amount shall be the principal amount redeemed or prepaid plus accrued Interest. 

 

 8 

 8. Successors and Assigns. Subject to the restrictions on transfer described
in Section 11 below, the rights and obligations of the Issuer and Purchaser shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties. 

9. Waiver and Amendment. Any provision of this Note may be amended, waived or modified upon the written consent of the
Issuer and the Purchaser. 
 10. Transfer of this Note or Securities Issuable on Conversion Hereof. With respect
to any offer, sale or other disposition of this Note or securities into which such Note may be converted, Purchaser will give written notice to the Issuer prior thereto, describing briefly the manner thereof, together with representations to the
Issuer, to the effect that such offer, sale or other disposition may be effected without registration or qualification under any federal or state law then in effect. Each Note thus transferred and each certificate representing the securities thus
transferred shall bear a legend as to the applicable restrictions on transferability in order to ensure compliance with the Securities Act, unless in the opinion of counsel for the Issuer such legend is not required in order to ensure compliance
with the Securities Act. The Issuer may issue stop transfer instructions to its transfer agent in connection with such restrictions. Subject to the foregoing, transfers of this Note shall be registered upon registration books maintained for such
purpose by or on behalf of the Issuer. Prior to presentation of this Note for registration of transfer, the Issuer shall treat the registered holder hereof as the owner and holder of this Note for the purpose of receiving all payments of principal
and interest hereon and for all other purposes whatsoever. 
 11. Assignment by the Issuer. Neither this Note nor
any of the rights, interests or obligations hereunder may be assigned, by operation of law or otherwise, in whole or in part, by the Issuer without the prior written consent of the Purchaser. 

12. Notices. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder
shall in writing and faxed, mailed or delivered to each party at the respective addresses of the parties set forth in the Note Purchase Agreement, or at such other address, e-mail address or facsimile number as each party shall have furnished to the
other party in writing. All such notices and communications will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) one Business Day after being delivered by facsimile (with receipt of
appropriate confirmation), (iv) one Business Day after being deposited with an overnight courier service of recognized standing or (v) four days after being deposited in the U.S. mail, first class with postage prepaid. 

13. Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate,
then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note. 

 

 9 

 14. Waivers. Issuer hereby waives notice of acceptance, default, presentment
or demand for payment, protest or notice of nonpayment or dishonor and all other notices or demands relative to this instrument. 

15. Governing Law. This Note and all actions arising out of or in connection with this Note shall be governed by and
construed in accordance with the laws of the State of Georgia, without regard to the conflicts of law provisions of the State of Georgia, or of any other state. 

[Signature Page Follows] 
  

 10 

 The Issuer have caused this Note to be issued as of the date first written above.

  

			
	FNDS3000 CORP.
	a Delaware corporation
		
	By:	 	 /s/ Joseph F. McGuire

	Name:	 	Joseph F. McGuire
	Title:	 	Chief Financial Officer

 [SIGNATURE PAGE
TO SECURED CONVERTIBLE PROMISSORY NOTE] 
  

 11 

 NOTICE OF CONVERSION 

(To be executed by the Purchaser in order to convert the Note) 

The undersigned hereby elects to convert $             of the Principal and
accrued Interest with respect to such Principal of the Note issued by FNDS3000 CORP. on             , 200     into shares of Common Stock of FNDS3000 CORP. according to
the conditions set forth in such Note, as of the date written below. 
  

					
	Date of Conversion:	  	  
	  	
			
	Conversion Price:	  	  
	  	
			
	Common Stock To Be Delivered:	  	  
	  	
			
	Signature:	  	  
	  	
			
	Print Name:	  	  
	  	
			
	Address:	  	  
	  	
		  	  
	  	
		  	  
	  	

  

 12

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