Document:

AMENDMENT
#9 TO TRADE CREDIT EXTENSION LETTER

 

This
Amendment to the Trade Credit Extension Letter (this “Amendment”) is made as of this 7th day of
September, 2018 by and among Quest Solution, Inc., Quest Marketing, Inc., Quest Exchange Ltd. (collectively, “Quest”),
and ScanSource, Inc., a South Carolina corporation and/or its subsidiaries and affiliates (collectively, “ScanSource”),
and, in consideration of the mutual covenants herein contained and benefits to be derived herefrom.

 

W
I T N E S S E T H:

 

WHEREAS,
ScanSource and/or its subsidiaries and affiliates have, from time to time, extended trade and other credit to Quest; and

 

WHEREAS,
Quest and ScanSource have entered into that certain Trade Credit Extension Letter dated as of July 1, 2016, as amended by those
certain Amendments to Trade Credit Extension Letter dated as of September 27, 2016, October 10, 2016, November 30, 2016, December
20, 2016, April 6, 2017, April 12, 2017, November 15, 2017, and February 14, 2018 (as amended, the “Trade Credit Extension
Letter”); and

 

WHEREAS,
ScanSource and Quest desire to amend the Trade Credit Extension Letter as described herein;

 

NOW,
THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows:

 

1.
Definitions. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Trade
Credit Extension Letter, as applicable.

 

2.
Amendment to Trade Credit Extension Letter. The Trade Credit Extension Letter is hereby amended as follows:

 

Section
3 (b) is hereby amended and restated in its entirety to read as follows:

 

“b.
Upon expiration of the Temporary Trade Credit Extension, and assuming that Reseller is at all times otherwise in compliance with
all ScanSource Agreements, including but not limited to its invoice terms and conditions and the terms and covenants set forth
herein, a new temporary trade credit extension will be established in the aggregate principal amount at any time outstanding of
up to Eight Million Seven Hundred Fifty-Three Thousand Seven Hundred Fifty-Two and 08/100 Dollars ($8,753,752.08) (the “New
Temporary Trade Credit Extension”). The New Temporary Trade Credit Extension shall include any and all indebtedness
and other obligations owing to ScanSource from time to time, including without limitation the Promissory Notes referenced in Section
3h below, and any other outstanding amounts at any time owed by the Reseller to ScanSource.”

 

    	 	 	 

    	 

    

 

Section
3 (e) is hereby amended and restated in its entirety to read as follows:

 

“e.
Quest has previously issued in favor of ScanSource a Secured Promissory Note in the form of Exhibit C hereto with respect to certain
of the US Invoiced Indebtedness in the original principal amount of Twelve Million Four Hundred Ninety-Two Thousand One Hundred
Thirty-Six and 51/100 USO ($12,492,136.51 USD) and bearing interest at an annual rate of twelve percent (12%) (as amended or modified
from time to time, the “US Promissory Note”). The principal amount evidenced by the US Promissory Note, together
with accrued interest, shall be paid as set forth in the US Promissory Note, and in any event shall be fully paid no later than
January 31, 2019.”

 

3.
Miscellaneous.

 

(a)
This Amendment may be executed in several counterparts
and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which
together shall constitute one instrument.

 

(b)
This Amendment expresses the entire understanding
of the parties with respect to the transactions contemplated hereby. No prior negotiations or discussions shall limit, modify,
or otherwise affect the provisions hereof. Except as hereby specifically amended, modified or supplemented, the Trade Credit Extension
Letter and all other documents, instruments and agreements entered into in connection therewith, are hereby confirmed and ratified
in all respects and shall be and remain in full force and effect according to their respective terms.

 

(c)
Any determination that any provision of this
Amendment or any application hereof is invalid, illegal or unenforceable in any respect and in any instance shall not affect the
validity, legality, or enforceability of such provision in any other instance, or the validity, legality or enforceability of
any other provisions of this Amendment.

 

(d)
Quest warrants and represents that it has consulted
with independent legal counsel of its selection in connection with this Amendment and is not relying on any representations or
warranties of ScanSource or its counsel in entering into this Amendment.

 

(e)
As of September 7, 2018, Quest’s aggregate
outstanding trade account balance owing to ScanSource was equal to Eight Million Seven Hundred Fifty-Three Thousand Seven Hundred
Fifty-Two and 08/100 Dollars ($8,753,752.08), which amount Quest acknowledges and agrees is due and owing without setoft: defense
or counterclaim, and itemized as follows:

 

	 	1.	Eight
    Million Six Hundred Ninety Thousand Four Hundred Sixty-Five and 02/100 Dollars ($8,690,465.02) of indebtedness representing
    the US Promissory Note; and
	 	 	 
	 	2.	Sixty-Three
    Thousand, Two Hundred Eighty-Seven and 06/100 Dollars ($63,287.06) of indebtedness representing orders that have been released
    but not yet invoiced

 

    	 	 	 

    	 

    

 

Quest
acknowledges and agrees that all such amounts (together with interest thereon in accordance with the Note and the other ScanSource
Agreements) are due and payable to ScanSource without any defense, setoff, or counterclaim.

 

(f)
Quest acknowledges that certain Cross Guaranty
Agreement dated July 1 , 2016 (the “Guaranty”) made by Quest Solution, Inc.,
Quest Marketing, Inc., Quest Exchange Ltd.(individually, a “Guarantor,” and collectively, the “Guarantors”)
and the other parties thereto in favor of ScanSource, Inc. and/or its subsidiaries and affiliates (“ScanSource”) regarding
the obligations of each Guarantor. The Guarantors confirm and agree that the Guaranty remains in full force and effect and that
the obligations guaranteed thereunder shall include, without limitation, all the trade credit extended by ScanSource to any Guarantor.
Without limitation of the terms of the Guaranty, the Guarantors hereby waive any requirement that ScanSource protect, secure,
perfect or insure any lien or security interest or property subject thereto or exhaust any right to take any action against any
Guarantor or any other guarantor of the obligations or any collateral prior to enforcing ScanSource’s rights and remedies
under the Guaranty. Pursuant to the Consent and Limited Release letter dated November 30, 2016, ScanSource agreed that Quest Solution
Canada Inc. was automatically released, discharged, and relieved of any payment obligations under the Guaranty.

 

(g)
Quest acknowledges and agrees that (i) ScanSource
has at all times acted in good faith with respect to the Trade Credit Extension Letter and any other matter, (ii) ScanSource has
not exercised any control over the business affairs of Quest, and (iii) Quest has no claims against ScanSource, whether for actions
taken or not taken. To the extent that Quest may have any such claim, defense, setoff or counterclaim or any other recoupments,
Quest releases and forever discharges each of ScanSource and its present and former affiliates and subsidiaries, predecessors
in interest, present and former officers, agents, directors, attorneys and employees, and the respective heirs, executors, successors
and assigns of all of the foregoing, whether past, present or future (collectively with ScanSource, the “ScanSource Affiliates”)
of and from any and all manner of action and actions, cause and causes of action, suits, rights, debts, torts, controversies,
damages, judgments, executions, recoupments, claims and demands whatsoever, asserted or unasserted, in law or in equity which,
against any ScanSource Affiliate, Quest ever had or now has by reason of any matter, cause, causes or thing whatsoever, including,
without limitation, any presently existing claim , recoupment, or defense, whether or not presently suspected, contemplated or
anticipated.

 

(h)
THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

[Signature
Page to Follow]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, each of the undersigned has caused this Amendment to be duly executed and delivered by its proper and duly authorized
officer as of the date set forth above.

 

	 	QUEST
    SOLUTION, INC.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	QUEST
    MARKETING, INC.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	QUEST
    EXCHANGE LTD.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	SCANSOURCE,
    INC.
	 	 	 
	 	By:	/s/
    Cleveland McBeth
	 	Name:	Cleveland
    McBeth, Jr.
	 	Title:	Vice
    President, Worldwide Reseller Financial ServicesAMENDMENT
#6 TO SECURED PROMISSORY NOTE

 

This
Amendment to the Secured Promissory Note (this “Amendment”) is made and effective as of this 7th
day of September, 2018 by and among Quest Solution, Inc., Quest Marketing, Inc., Quest Exchange Ltd., and their subsidiaries and/or
affiliates, with principal offices at 860 Conger Street, Eugene, Oregon 97402 (collectively, “Quest”), and
ScanSource, Inc., a South Carolina corporation and/or its subsidiaries and affiliates (collectively, “ScanSource”),
and, in consideration of the mutual covenants herein contained and benefits to be derived herefrom.

 

W
I T N E S S E T H:

 

WHEREAS,
ScanSource and/or its subsidiaries and affiliates have, from time to time, extended trade and other credit to Quest; and

 

WHEREAS,
Quest and ScanSource have entered into that certain Secured Promissory Note in the original principal amount of Twelve Million
Four Hundred Ninety-Two Thousand One Hundred Thirty-Six and 51/100 Dollars ($12,492,136.51) dated as of July 1, 2016 (as amended,
the “Note”); and

 

WHEREAS,
ScanSource and Quest desire that Six Million Seven Hundred Sixty-Three Thousand Five Hundred Forty-Nine and 41/100 Dollars ($6,763,549.41)
of the outstanding obligations owing by Quest to ScanSource (the “Specified Trade Credit Amounts”) shall be incorporated
into the Note; and

 

WHEREAS,
the outstanding balance of the Note as of September 7, 2018 is One Million Nine Hundred Twenty-Six Thousand Nine Hundred Fifteen
and 61/100 Dollars ($1,926,915.61), ScanSource and Quest desire to amend the Note as described herein, to, among other things,
add the Specified Trade Credit Amounts to the outstanding principal amount of the Note to be repaid in accordance with the terms
thereof;

 

NOW,
THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows:

 

1.
Definitions. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Note,
as applicable.

 

2.
Amendment to Note. The Note is hereby amended as follows:

 

(a)
The aggregate outstanding principal amount of
the Note is hereby increased by an amount equal to Six Million Seven Hundred Sixty-Three Thousand Five Hundred Forty-Nine and
41/100 Dollars ($6,763,549.41), which amount represents the Specified Trade Credit Amounts owing by the Debtors to ScanSource.

 

(b)
The opening paragraph of the Note is hereby amended
by replacing “March 31, 2018 (the “Maturity Date”)” therein with “January 31, 2019 (the “Maturity
Date”), effective March 31, 2018.”

 

(c)
Section I is hereby amended and restated in its
entirety to read as follows :

 

    	 	 	 

    	 

    

  

t.
Principal and Interest Payments

 

The
Principal amount of the Note shall be repaid in Five (5) installments of principal and accrued interest with any remaining Principal
and accrued interest due and payable on the Maturity Date. The first such installment in the Principal amount of a minimum of
Three Hundred Thousand and 001100 Dollars ($300,000.00), plus all accrued interest on the principal through such payment
date, shall be due by September 15, 2018. The second such installment in the Principal amount of a minimum of Three Hundred Thousand
and 00/100 Dollars ($300,000.00), plus all accrued interest on the principal through such payment date, shall be due by October
15, 2018. The third such installment in the Principal amount of a minimum of Three Hundred Thousand and 00/100 Dollars ($300,000.00),
plus all accrued interest on the principal through such payment date, shall be due by November 15, 2018. The fourth such installment
in the Principal amount of a minimum of Five Hundred Thousand and 00/100 Dollars ($500,000.00), plus all accrued interest on the
principal through such payment date, shall be due by December 15, 2018. The fifth such installment in the Principal amount of
a minimum of Five Hundred Thousand and 00/100 Dollars ($500,000.00), plus all accrued interest on the principal through such payment
date, shall be due by January 15, 2019. The remaining Principal balance of this Note and all accrued interest shall be due and
payable in full on the Maturity Date. Interest shall be charged at the rate of Twelve percent (12.0%) per annum; provided, that
following the occurrence and during the continuance of an Event of Default (as defined in Section 5 herein), interest on the Principal
shall accrue at the Default Rate (as defined in Section 5 herein) and shall be due and payable on demand.

 

Each
payment of principal, interest or other amounts due under this Note shall be paid to ScanSource, in United States Dollars via
wire transfer, to JP Morgan Chase Bank, NA, 270 Park Avenue, New York, New York 10017, Beneficiary: ScanSource, Inc., Routing
Number: 021000021, Account Number: 771070588, SWIFT Code: CHASUS33 so that it is received by ScanSource on the date that is specified
for payment under this Note. All payments or prepayments on this Note shall be applied, first, to fees, costs and expenses of
ScanSource under this Note and the other agreements executed in connection herewith, second, to the interest accrued on this Note
through the date of such payment or prepayment, and then to the outstanding Principal balance hereunder. All payments under this
Note shall be made without any set-off, counterclaim or deduction whatsoever, and the Debtors hereby irrevocably waive all rights
of set-off, counterclaim and deduction.

 

This
Note may be prepaid in whole or in part any time without premium or penalty, but only together with all interest then accrued
under this Note.

 

Debtors
shall prepay the obligations evidenced by this Note immediately upon receipt by any Debtor of any proceeds of any indebtedness
(including proceeds of any advances on any existing or future revolving credit facilities or factoring facilities) in an amount
equal to twelve and a half percent (12.5%) of such proceeds. Any such prepayments received during any month shall be applied as
follows: (i) amounts received during such month up to but not exceeding the amount of the one (I) next installment of Principal
and interest due under this Note shall be applied to such one (1) next installment;
and (ii) any amounts received during such month in excess of the amount applied in accordance with clause (i) shall be applied
to the outstanding Principal amount of this Note and shall reduce the amount of each Principal installment due hereunder in the
inverse order of maturity. The remaining amount of any installment due hereunder which is not paid in accordance with clause (i)
shall be paid as set forth above.”

 

    	 	 	 

    	 

    

 

3.
Miscellaneous.

  

(a)
This Amendment may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed
and delivered shall be an original, and all of which together shall constitute one instrument.

 

(b)
This Amendment expresses the entire understanding of the parties with respect to the transactions contemplated hereby. No prior
negotiations or discussions shall limit, modify, or otherwise affect the provisions hereof.

 

(c)
Any determination that any provision of this Amendment or any application hereof is invalid, illegal or unenforceable in any respect
and in any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the
validity, legality or enforceability of any other provisions of this Amendment.

 

(d)
Quest warrants and represents that it has consulted with independent legal counsel of its selection in connection with this Amendment
and is not relying on any representations or warranties of ScanSource or its counsel in entering into this Amendment.

 

(e)
As of September 7, 2018, after adding the Specified Trade Credit Amounts to such Principal balance, the outstanding Principal
balance on the Note owing to ScanSource is equal to Eight Million Six Hundred Ninety Thousand Four Hundred Sixty- Five and 02/100
Dollars ($8,690,465.02), which amount Quest acknowledges and agrees is due and owing without setoff, defense or counterclaim.

 

(f)
Quest acknowledges and agrees that: (i) ScanSource has at all times acted in good faith with respect to the Note and any other
matter, (ii) ScanSource has not exercised any control over the business affairs of Quest, (iii) the Note is secured by Security
Agreements, and (iv) Quest has no claims against ScanSource, whether for actions taken or not taken. To the extent that Quest
may have any such claim, defense, setoff or counterclaim or any other recoupments, Quest releases and forever discharges each
of ScanSource and its present and former affiliates and subsidiaries, predecessors in interest, present and former officers, agents,
directors, attorneys and employees, and the respective heirs, executors, successors and assigns of all of the foregoing, whether
past, present or future (collectively with ScanSource, the “ScanSource Affiliates”) of and from any and all manner
of action and actions, cause and causes of action, suits, rights, debts, torts, controversies, damages, judgments, executions,
recoupments, claims and demands whatsoever, asserted or unasserted, in law or in equity which, against any ScanSource Affiliate,
Quest ever had or now has by reason of any matter, cause, causes or thing whatsoever, including, without limitation, any presently
existing claim, recoupment, or defense, whether or not presently suspected, contemplated or anticipated.

 

THIS
AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

[Signature
Page to Follow]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, each of the undersigned has caused this Amendment to be duly executed and delivered by its proper and duly authorized
officer as of the date set forth above.

 

	 	QUEST
    SOLUTION, INC.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	QUEST
    MARKETING, INC.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	QUEST
    EXCHANGE LTD.
	 	 	 
	 	By:	/s/
    Shai Shalom Lustgarten
	 	Name:	Shai
    Shalom Lustgarten
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	SCANSOURCE,
    INC.
	 	 	 
	 	By:	/s/
    Cleveland McBeth
	 	Name:	Cleveland
    McBeth, Jr.
	 	Title:	Vice
    President, Worldwide Reseller Financial Services

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