Document:

EX-10.4

 Exhibit 10.4 

TOAST, INC. 
 2021
EMPLOYEE STOCK PURCHASE PLAN 
 The purpose of the Toast, Inc. 2021 Employee Stock Purchase Plan (the “Plan”) is to provide
eligible employees of Toast, Inc. (the “Company”) and each Designated Company (as defined in Section 11) with opportunities to purchase shares of the Company’s Class A common stock, par value $0.000001 per share (the
“Common Stock”). 11,638,189 shares of Common Stock in the aggregate have been approved and reserved for this purpose, plus on January 1, 2022 and each January 1 thereafter until the Plan terminates pursuant to Section 20,
the number of shares of Common Stock reserved and available for issuance under the Plan shall be cumulatively increased by the least of (i) 11,638,189 shares of Common Stock, (ii) 1% of the number of shares of Common Stock and Class B common
stock of the Company issued and outstanding on the immediately preceding December 31, and (iii) such lesser number of shares of Common Stock as determined by the Administrator (as defined in Section 1). 

The Plan includes two components: a Code Section 423 Component (the “423 Component”) and a
non-Code Section 423 Component (the “Non-423 Component”). It is intended for the 423 Component to constitute an “employee stock purchase plan”
within the meaning of Section 423(b) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), and the 423 Component shall be interpreted in accordance with that intent. Under the
Non-423 Component, which does not qualify as an “employee stock purchase plan” within the meaning of Section 423(b) of the Code, options will be granted pursuant to rules, procedures or sub-plans adopted by the Administrator designed to achieve tax, securities laws or other objectives for eligible employees. Except as otherwise provided herein, the Non-423
Component will operate and be administered in the same manner as the 423 Component. 

 Unless otherwise defined herein, capitalized terms in this Plan shall have the meaning
ascribed to them in Section 11. 
 1. Administration. The Plan will be administered by the person or persons (the
“Administrator”) appointed by the Company’s Board of Directors (the “Board”) for such purpose. The Administrator has authority at any time to: (i) adopt, alter and repeal such rules, guidelines and practices for the
administration of the Plan and for its own acts and proceedings as it shall deem advisable; (ii) interpret the terms and provisions of the Plan; (iii) make all determinations it deems advisable for the administration of the Plan, including
to accommodate the specific requirements of local laws, regulations and procedures for jurisdictions outside the United States; (iv) decide all disputes arising in connection with the Plan; and (v) otherwise supervise the administration of
the Plan. All interpretations and decisions of the Administrator shall be binding on all persons, including the Company and the Participants. No member of the Board or individual exercising administrative authority with respect to the Plan shall be
liable for any action or determination made in good faith with respect to the Plan or any option granted hereunder. 
 2. Offerings.
The Company will make one or more offerings to eligible employees to purchase Common Stock under the Plan (“Offerings”) consisting of one or more Purchase Periods. The Administrator may, in its discretion, determine when each Offering
shall occur, including the duration of any Offering, provided that no Offering shall exceed 27 months in duration. Unless as otherwise determined by the Administrator, Participants will only be permitted to participate in one Offering at a time.

  
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 3. Eligibility. All individuals classified as employees on the payroll records of the
Company and each Designated Company are eligible to participate in any one or more of the Offerings under the Plan, provided that, unless otherwise determined by the Administrator, as of the first day of the applicable Offering (the “Offering
Date”) they are customarily employed by the Company or a Designated Company for more than 20 hours a week and have been employed for such period as determined by the Administrator in advance of an Offering, with such period not to exceed two
years; provided, however, that employees who are employed for 20 hours or less a week may be eligible to participate in the Plan if required by applicable law or regulations. Notwithstanding any other provision herein, individuals who are not
contemporaneously classified as employees of the Company or a Designated Company for purposes of the Company’s or applicable Designated Company’s payroll system are not considered to be eligible employees of the Company or any Designated
Company and shall not be eligible to participate in the Plan. In the event any such individuals are reclassified as employees of the Company or a Designated Company for any purpose, including, without limitation, common law or statutory employees,
by any action of any third party, including, without limitation, any government agency, or as a result of any private lawsuit, action or administrative proceeding, such individuals shall, notwithstanding such reclassification, remain ineligible for
participation. Notwithstanding the foregoing, the exclusive means for individuals who are not contemporaneously classified as employees of the Company or a Designated Company on the Company’s or Designated Company’s payroll system to
become eligible to participate in this Plan is through an amendment or subplan to this Plan, duly executed by the Company, which specifically renders such individuals eligible to participate herein. 

  
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 4. Participation. 

(a) Participants An eligible employee who is not a Participant in any prior Offering may participate in a subsequent Offering by
submitting an enrollment form to the Company or an agent designated by the Company (in the manner described in Section 4(c)) at least 15 business days before the Offering Date (or by such other deadline as shall be established by the
Administrator for the Offering). 
 (b) Enrollment. The enrollment form (which may be in an electronic format or such other method as
determined by the Company in accordance with the Company’s practices) will (a) state a whole percentage to be deducted from an eligible employee’s Compensation (as defined in Section 11) per pay period, (b) authorize the
purchase of Common Stock in each Offering in accordance with the terms of the Plan and (c) specify the exact name or names in which shares of Common Stock purchased for such individual are to be issued pursuant to Section 10. An employee
who does not enroll in accordance with these procedures will be deemed to have waived the right to participate. Unless a Participant files a new enrollment form or withdraws from the Plan, such Participant’s deductions and purchases will
continue at the same percentage of Compensation for future Offerings, provided he or she remains eligible. 
 (c) Notwithstanding the
foregoing, participation in the Plan will neither be permitted nor be denied contrary to the requirements of the Code. 
 5. Employee
Contributions. Each eligible employee may authorize payroll deductions at a minimum of 1 percent up to a maximum of 15 percent of such employee’s Compensation for each pay
period. The Company will maintain book accounts showing the amount of payroll deductions made by each Participant for each Purchase Period. No interest will accrue or be paid on payroll deductions, except as may be required by applicable law. If

  
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payroll deductions for purposes of the Plan are prohibited or otherwise problematic under applicable law (as determined by the Administrator in its discretion), the Administrator may require
Participants to contribute to the Plan by such other means as determined by the Administrator. Any reference to “payroll deductions” in this Section 5 (or in any other section of the Plan ) will similarly cover contributions by other
means made pursuant to this Section 5. 
 6. Deduction Changes. Except as may be determined by the Administrator in advance of an
Offering, a Participant may not increase or decrease his or her payroll deduction during any Offering, but may increase or decrease his or her payroll deduction with respect to the next Offering (subject to the limitations of Section 5) by
filing a new enrollment form at least 15 business days before the next Offering Date (or by such other deadline as shall be established by the Administrator for the Offering). The Administrator may, in advance of any Offering, establish rules
permitting a Participant to increase, decrease or terminate his or her payroll deduction during an Offering. 
 7. Withdrawal. A
Participant may withdraw from participation in the Plan by delivering a written notice of withdrawal to the Company or an agent designated by the Company (in accordance with such procedures as may be established by the Administrator). The
Participant’s withdrawal will be effective as of the next business day. Following a Participant’s withdrawal, the Company will promptly refund such individual’s entire account balance under the Plan to him or her (after payment for
any Common Stock purchased before the effective date of withdrawal). Partial withdrawals are not permitted. Such an employee may not begin participation again during the remainder of the Offering, but may enroll in a subsequent Offering in
accordance with Section 4. 

  
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 8. Grant of Options. On each Offering Date, the Company will grant to each
Participant in the Plan an option (“Option”) to purchase, on the last day of a Purchase Period (the “Exercise Date”) and at the Option Price hereinafter provided for, the lowest of (a) a number of shares of Common Stock
determined by dividing such Participant’s accumulated payroll deductions on such Exercise Date by the Option Price (as defined herein), (b) the number of shares of Common Stock determined by dividing $25,000 by the Fair Market Value of the
Common Stock on the Offering Date for such Offering; or (c) such other lesser maximum number of shares as shall have been established by the Administrator in advance of the Offering; provided, however, that such Option shall be subject to the
limitations set forth below. Each Participant’s Option shall be exercisable only to the extent of such Participant’s accumulated payroll deductions on the Exercise Date. The purchase price for each share purchased under each Option (the
“Option Price”) will be 85 percent of the Fair Market Value (as defined in Section 11) of the Common Stock on the Offering Date or the Exercise Date, whichever is less. 

Notwithstanding the foregoing, no Participant may be granted an Option hereunder if such Participant, immediately after the Option was granted,
would be treated as owning stock possessing 5 percent or more of the total combined voting power or value of all classes of stock of the Company or any Parent or Subsidiary (as defined in Section 11). For purposes of the preceding
sentence, the attribution rules of Section 424(d) of the Code shall apply in determining the stock ownership of a Participant, and all stock which the Participant has a contractual right to purchase shall be treated as stock owned by the
Participant. In addition, no Participant may be granted an Option which permits his or her rights to purchase stock under the Plan, and any other employee stock purchase plan of the Company and its Parents and Subsidiaries, to accrue at a rate which
exceeds $25,000 of the Fair Market Value of such stock (determined on the option grant date or dates) for each calendar year in which the Option is outstanding at any time. The purpose of the limitation in the preceding sentence is to comply with
Section 423(b)(8) of the Code and shall be applied taking Options into account in the order in which they were granted. 

  
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 9. Exercise of Option and Purchase of Shares. Each employee who continues to be a
Participant in the Plan on the Exercise Date shall be deemed to have exercised his or her Option on such date and shall acquire from the Company such number of whole shares of Common Stock reserved for the purpose of the Plan as his or her
accumulated payroll deductions on such date will purchase at the Option Price, subject to any other limitations contained in the Plan. Unless otherwise determined by the Administrator in advance of an Offering, any amount remaining in a
Participant’s account after the purchase of shares on an Exercise Date of an Offering solely by reason of the inability to purchase a fractional share will be carried forward to the next Purchase Period and, if such Exercise Date is the final
Exercise Date of an Offering, will be carried forward to the next Offering; any other balance remaining in a Participant’s account at the end of an Offering will be refunded to the Participant promptly. 

10. Issuance of Certificates. Certificates or book entries at the Company’s transfer agent representing shares of Common Stock
purchased under the Plan may be issued only in the name of the employee, in the name of the employee and another person of legal age as joint tenants with rights of survivorship, or in the name of a broker authorized by the employee to be his, her
or their, nominee for such purpose. 
 11. Definitions. 

The term “Affiliate” means any entity that, directly or indirectly through one or more intermediaries, controls, is controlled by or
is under the common control with, the Company. 

  
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 The term “Compensation” means the amount of total cash compensation, prior to
salary reduction pursuant to Sections 125, 132(f) or 401(k) of the Code, including base pay, overtime, commissions, and plan-based incentive or bonus awards, but excluding allowances and reimbursements for expenses such as relocation allowances or
travel expenses, income or gains related to Company stock options or other share-based and long-term cash awards, and special purpose bonuses including sign-on and recognition awards, and similar items. The
Administrator shall have the discretion to determine the application of this definition to Participants outside the United States. 
 The
term “Designated Company” means any present or future Subsidiary or Affiliate that has been designated by the Administrator to participate in the Plan. The Administrator may so designate any Subsidiary or Affiliate, or revoke any such
designation, at any time and from time to time, either before or after the Plan is approved by the stockholders, and may further designate such companies or Participants as participating in the 423 Component or the
Non-423 Component. The Administrator may also determine which Affiliates or eligible employees may be excluded from participation in the Plan, to the extent consistent with Section 423 of the Code or as
implemented under the Non-423 Component, and determine which Designated Company or Companies will participate in separate Offerings (to the extent that the Company makes separate Offerings). For purposes of
the 423 Component, only the Company and its Subsidiaries may be Designated Companies; provided, however, that at any given time, a Subsidiary that is a Designated Company under the 423 Component will not be a Designated Company under the Non-423 Component. The current list of Designated Companies is attached hereto as Appendix A. 

  
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 The term “Fair Market Value of the Common Stock” on any given date means the fair
market value of the Common Stock determined in good faith by the Administrator; provided, however, that if the Common Stock is admitted to quotation on the New York Stock Exchange (“NYSE”) or another national securities exchange, the
determination shall be made by reference to the closing price on such date. If there is no closing price for such date, the determination shall be made by reference to the last date preceding such date for which there is a closing price. 

The term “Initial Public Offering” means the first underwritten, firm commitment public offering pursuant to an effective
registration statement under the U.S. Securities Act of 1933, as amended, covering the offer and sale by the Company of its Common Stock. 

The term “Parent” means a “parent corporation” with respect to the Company, as defined in Section 424(e) of the Code.

 The term “Participant” means an individual who is eligible as determined in Section 3 and who has complied with the
provisions of Section 4. 
 The term “Purchase Period” means a period of time specified within an Offering beginning on the
Offering Date or on the next day following an Exercise Date within an Offering and ending on an Exercise Date. An Offering may consist of one or more Purchase Periods. 

The term “Registration Date” means the date on which the registration statement on Form S-1
that is filed by the Company with respect to its Initial Public Offering is declared effective by the U.S. Securities and Exchange Commission (the “SEC”). 

The term “Subsidiary” means a “subsidiary corporation” with respect to the Company, as defined in Section 424(f) of
the Code. 

  
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 12. Rights on Termination or Transfer of Employment. If a Participant’s
employment terminates for any reason before the Exercise Date for any Offering, no payroll deduction will be taken from any pay due and owing to the Participant and the balance in the Participant’s account will be paid to such Participant or,
in the case of such Participant’s death, to the legal representative of his or her estate as if such Participant had withdrawn from the Plan under Section 7. An employee will be deemed to have terminated employment, for this purpose, if
the corporation that employs him or her, having been a Designated Company, ceases to be a Subsidiary or Affiliate, or if the employee is transferred to any corporation other than the Company or a Designated Company. Unless otherwise determined by
the Administrator, a Participant whose employment transfers between, or whose employment terminates with an immediate rehire (with no break in service) by, Designated Companies or a Designated Company and the Company will not be treated as having
terminated employment for purposes of participating in the Plan or an Offering; provided, however, that if a Participant transfers from an Offering under the 423 Component to an Offering under the Non-423
Component, the exercise of the Participant’s Option will be qualified under the 423 Component only to the extent that such exercise complies with Section 423 of the Code. If a Participant transfers from an Offering under the Non-423 Component to an Offering under the 423 Component, the exercise of the Participant’s Option will remain non-qualified under the
Non-423 Component. Further, an employee will not be deemed to have terminated employment for purposes of this Section 12, if the employee is on an approved leave of absence where the employee’s right
to reemployment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if the Administrator otherwise provides in writing. 

  
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 13. Special Rules and Sub-Plans.
Notwithstanding anything herein to the contrary, the Administrator may adopt special rules or sub-plans applicable to the employees of a particular Designated Company, whenever the Administrator determines
that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Company has employees, regarding, without limitation, eligibility to participate in the Plan, handling and making of payroll
deductions or contributions by other means, establishment of bank or trust accounts to hold payroll deductions, payment of interest, conversion of local currency, obligations to pay payroll tax, withholding procedures and handling of share
issuances, any of which may vary according to applicable requirements; provided that if such special rules or sub-plans are inconsistent with the requirements of Section 423(b) of the Code, the employees
subject to such special rules or sub-plans will participate in the Non-423 Component. 

14. Optionees Not Stockholders. Neither the granting of an Option to a Participant nor the deductions from his or her pay shall result
in such Participant becoming a holder of the shares of Common Stock covered by an Option under the Plan until such shares have been purchased by and issued to him or her. 

15. Rights Not Transferable. Rights under the Plan are not transferable by a Participant other than by will or the laws of descent and
distribution, and are exercisable during the Participant’s lifetime only by the Participant. 
 16. Application of Funds. All
funds received or held by the Company under the Plan may be combined with other corporate funds and may be used for any corporate purpose, unless otherwise required under applicable law. 

17. Adjustment in Case of Changes Affecting Common Stock. In the event of a subdivision of outstanding shares of Common Stock, the
payment of a dividend in Common Stock or any other change affecting the Common Stock, the number of shares approved for the Plan and the share limitation set forth in Section 8 shall be equitably or proportionately adjusted to give proper
effect to such event. 

  
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 18. Amendment of the Plan. The Board may at any time and from time to time amend the
Plan in any respect, except that without the approval within 12 months of such Board action by the stockholders, no amendment shall be made increasing the number of shares approved for the Plan or making any other change that would require
stockholder approval in order for the 423 Component of the Plan, as amended, to qualify as an “employee stock purchase plan” under Section 423(b) of the Code. 

19. Insufficient Shares. If the total number of shares of Common Stock that would otherwise be purchased on any Exercise Date plus the
number of shares purchased under previous Offerings under the Plan exceeds the maximum number of shares issuable under the Plan, the shares then available shall be apportioned among Participants in proportion to the amount of payroll deductions
accumulated on behalf of each Participant that would otherwise be used to purchase Common Stock on such Exercise Date. 
 20. Termination
of the Plan. The Plan may be terminated at any time by the Board. Upon termination of the Plan, all amounts in the accounts of Participants shall be promptly refunded. Unless terminated earlier, the Plan shall automatically terminate on the ten
year anniversary of the Registration Date. 
 21. Governmental Regulations. The Company’s obligation to sell and deliver Common
Stock under the Plan is subject to the completion of any registration or qualification of the Common Stock under any U.S. or non-U.S. local, state or federal securities or exchange control law, or under
rulings or regulations of the SEC or of any other governmental regulatory body, and to obtaining any approval or other clearance from any U.S. and non-U.S. local, state or federal governmental agency, which
registration, qualification or approval the Company shall, in its absolute discretion, deem necessary 

  
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or advisable. The Company is under no obligation to register or qualify the Common Stock with the SEC or any other U.S. or non-U.S. securities commission
or to seek approval or clearance from any governmental authority for the issuance or sale of such stock. 
 22. Governing Law. This
Plan and all Options and actions taken thereunder shall be governed by, and construed in accordance with the General Corporation Law of the State of Delaware as to matters within the scope thereof, and as to all other matters shall be governed by
and construed in accordance with the internal laws of the State of Delaware applied without regard to conflict of law principles. 
 23.
Issuance of Shares. Shares may be issued upon exercise of an Option from authorized but unissued Common Stock, from shares held in the treasury of the Company, or from any other proper source. 

24. Tax Withholding. Participation in the Plan is subject to any applicable U.S. and non-U.S.
federal, state or local tax withholding requirements on income the Participant realizes in connection with the Plan. Each Participant agrees, by entering the Plan, that the Company or any Subsidiary or Affiliate may, but will not be obligated to,
withhold from Participant’s wages, salary or other compensation at any time the amount necessary for the Company or any Subsidiary or Affiliate to meet applicable withholding obligations, including any withholding required to make available to
the Company or any Subsidiary or Affiliate any tax deductions or benefits attributable to the sale or disposition of Common Stock by such Participant. In addition, the Company or any Subsidiary or Affiliate may, but will not be obligated to,
withhold from the proceeds of the sale of Common Stock or use any other method of withholding that the Company or any Subsidiary or Affiliate deems appropriate to the extent permitted by U.S. Treasury Regulation
Section 1.423-2(f) with respect to the 423 Component. The Company will not be required to issue any Common Stock under the Plan until such obligations are satisfied. 

  
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 25. Notification Upon Sale of Shares Under the 423 Component. Each Participant
agrees, by entering the 423 Component of the Plan, to give the Company prompt notice of any disposition of shares purchased under the Plan where such disposition occurs within two years after the date of grant of the Option pursuant to which such
shares were purchased or within one year after the date such shares were purchased. 
 26. Effective Date and Approval of
Stockholders. The Plan shall take effect on the date immediately preceding the Registration Date, subject to prior approval by the holders of a majority of the votes cast at a meeting of stockholders at which a quorum is present or by written
consent of the stockholders. 

  
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 Appendix A 

Designated Companies 
 Toasttab Ireland Limited

 Xtrachef Technologies (India) Private Limited 

  
 15Exhibit
10.1

 

PURCHASE
MONEY FINANCING AGREEMENT

 

This
PURCHASE MONEY FINANCING AGREEMENT (“Agreement”) is dated as of September 8, 2021, between Unique Logistics International,
Inc, a Nevada corporation (“Debtor”) and COREFUND CAPITAL, LLC (“Secured Party”).

 

RECITAL

 

A.
Debtor may, from time to time, request financing hereunder from Secured Party to enable Debtor to engage Supplier to provide chartered
flights for Debtor’s clients.

 

B.
In connection therewith, Debtor may request that Secured Party tender payments directly to Suppliers such chartered flights, in accordance
with the terms and conditions herein.

 

C.
Secured Party requires payments from Buyer to be made to a Deposit Account Control Agreement account at an agreed upon bank where Secured
Party is sole director and accessor to the account for the term of the relationship.

 

NOW,
THEREFORE, in consideration of the premises, and intending to be legally bound hereby, the Parties hereby agree as follows:

 

AGREEMENT

 

1.
Certain Definitions and Index to Definitions.
All terms used herein that are defined in the Uniform Commercial Code shall have the meanings ascribed thereto therein. As used herein,
the following terms shall have the following meanings:

 

1.1
“Advance” – A Purchase Money Advance.

 

1.2
“Buyer” - A customer of Debtor, acceptable to Secured Party in its sole discretion that has agreed to purchase Pre-Sold
Services.

 

1.3
“Buyer Invoice” – An invoice issued by the Debtor to Buyers with respect to Pre-Sold Services sold to such Buyers.

 

1.4
“Chosen State” - Texas.

 

1.5
“Collateral”- All of Debtor’s now owned and hereafter acquired Accounts, Chattel Paper, Inventory, Equipment,
Instruments, Investment Property, Documents, Letter of Credit Rights, Commercial Tort Claims, and General Intangibles.

 

1.6
“Complete Termination” – Complete Termination occurs upon satisfaction of the following conditions:

 

1.6.1
Payment in full of all Obligations;

 

1.6.2
If Secured Party has issued or caused to be issued guarantees, commitments to third parties or Letters of Credit on behalf of Debtor,
acknowledgement from any beneficiaries thereof that Secured Party or any other issuer has no outstanding direct or contingent liability
therein.

 

    	Page 1 of 20

    	 

    

 

1.6.3
Debtor has executed and delivered to Secured Party a general release in the form of Exhibit 1.6.3 attached hereto.

 

1.7
“Default Interest Rate” - .1% per day.

 

1.8
“Due Date” – With respect to each Advance, the earlier of:

 

1.8.1
90 days from the date of the Advance; or

 

1.8.2
The date on which all of the following events have occurred:

 

(a)
The applicable Services are performed and Buyer Invoices are sent to the Buyers of such Pre-Sold Services; and

 

(b)
Four Business Days have passed since the due date of the Buyer Invoices for such Pre-Sold Services to the Buyer for payment to the DACA(control
bank account) in the Secured Party’s name

 

1.9
“Eligible Charter Contract” – A binding flight charter contract between Debtor and a Supplier which specifies
the price and a description of the Pre-Sold Services.

 

1.10
“Event of Default” – See Section 13.

 

1.11
“Factor” – NA

 

1.12
“Factoring Agreement” – NA

 

1.13
“Financed Transaction” – A transaction whereby Secured Party, upon the Debtor’s request, makes a Purchase
Money Advance.

 

1.14
“Financed Transaction Rider” – A Rider to this Agreement submitted by Debtor to Secured Party in the form of
the attached Exhibit 1.15.

 

1.15
“Financing Request Package” – Shall include the following:

 

1.15.1
An Eligible Charter Contract;

 

1.15.2
A Pro-forma Supplier Invoice issued by a Supplier;

 

1.15.3
A Pro-forma Buyer Invoice;

 

1.15.4
An itemization of all costs related to the Financed Transaction, including but not limited to the cost and sale price of the Pre-Sold
Services;

 

1.15.5
A fully executed contract between the Debtor and Supplier;

 

    	Page 2 of 20

    	 

    

 

1.16
“GAAP” - Generally accepted accounting principles.

 

1.17
“Guarantors” - Unique Logistics International, Inc (UNQL) .

 

1.18
“Late Fee” – Additional .1% per day will be incurred if the Advance has not been paid on or before the Due Date.

 

1.19
“Obligations” - All present and future obligations owing by Debtor to Secured Party whether arising hereunder or otherwise,
and whether arising before, during or after the commencement of any case filed under any federal or state debtor relief statute in which
Debtor is a debtor.

 

1.20
“Obligor” – The Debtor or any Guarantor.

 

1.21
“Parties” – Debtor and Secured Party.

 

1.22
“Permitted Discretion” – A determination made in good faith and in the exercise of what the Secured Party believes
is reasonable business judgment.

 

1.23
“Pro-forma Buyer Invoice” - A written acknowledgement issued by Debtor to Buyer specifying the price and a description
of the Pre-Sold Services.

 

1.24
“Pro-forma Supplier Invoice” – A written acknowledgement issued by a Supplier specifying the price and a description
of the Pre-Sold Services.

 

1.25
“Purchase Money Advance” – A payment by Secured Party to a Supplier on account of the purchase price for Pre-Sold
Services.

 

1.26
“Purchase Money Accommodation” – The average outstanding balance of an Advance. Not to exceed a combined balance
of $5,000,000.

 

1.27
“Purchase Money Fee” – Based on the number of days from the date of the making of a Purchase Money Accommodation
to the date on which the Purchase Money Accommodation is paid in full and on the amount of the Purchase Money Accommodation, as follows:

 

1.27.1
0 days to 30 days, 1.25%;

 

1.27.2
31 days to 40 days, 1.75%;

 

1.27.3
41 days plus, an additional .1% per day.

 

1.28
“Subordinated Debt” – Indebtedness incurred by Debtor subordinated to all of Debtor’s now or hereafter
indebtedness to Secured Party pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory
to Secured Party entered into between Secured Party and the subordinating creditor.

 

1.29
“Supplier” – A supplier, acceptable to Secured Party in its sole discretion, that has agreed to provide the
Pre-Sold Services that are the subject of a Financed Transaction.

 

    	Page 3 of 20

    	 

    

 

1.30
“Term” – NA

 

1.31
“Termination Date” - The earlier of (i) the end of a 60 day termination notice provided to the Secured Party by the
debtor, in writing. (iii) the date on which Secured Party elects to terminate this Agreement pursuant to the terms herein.

 

1.32
“Third Party Claims” – Claims asserted against Secured Party by any person or entity relating in any way to
Secured Party’s relationship with Debtor

 

1.33
“Underwriting Fee” - $500 to be paid upon execution of the Agreement

 

1.34
“Wire Fee” - $15.00 per domestic and $30 per international wire transfer initiated by Secured Party with respect to
payments made by Secured Party hereunder.

 

2.
Purchase Money Advances.

 

2.1
Secured Party may, from time to time, in its sole discretion and at Debtor’s request, make a Purchase Money Advance.

 

2.2
Each request by Debtor for a Purchase Money Advance shall be accompanied by a Financing Request Package.

 

2.3
The fact that the Debtor is bound to various covenants herein, the breach of which may allow Secured Party to accelerate the due date
of Debtor’s Obligations hereunder, shall not be construed to constitute a commitment by Secured Party to make any Advances hereunder,
all of which are in the Permitted Discretion of Secured Party.

 

2.4
All payments by Secured Party to Debtor hereunder may be made by deposits or transfers to any demand deposit account of Charter Flight
Company.

 

2.5
Authorization for Advances. Subject to the terms and conditions of this Agreement, Secured Party is authorized to make payments
to or for the benefit of Debtor hereunder:

 

2.5.1
Upon any other instructions received from anyone purporting to be an officer, employee or representative of Debtor; or

 

2.5.2
At the Permitted Discretion of Secured Party, and notwithstanding any other provision in this Agreement, if necessary to meet any Obligations,
including but not limited to any interest not paid when due.

 

2.5.3
Secured Party will provide online account access as well as reconciliation reports within 15 days of the prior month end.

 

    	Page 4 of 20

    	 

    

 

3.
Payments by Debtor.

 

3.1
In General.

 

3.1.1
Place of Payments. All payments hereunder shall be made by Debtor to Secured Party at Secured Party’s address set forth herein
or at such other place as Secured Party may designate in writing.

 

3.1.2
Automated Clearing House Debits. In order to satisfy any of the Obligations, Secured Party is hereby authorized by Debtor to initiate
electronic debit entries through the Automated Clearing House or other electronic payment system to any account maintained by Debtor.
At the Secured Party’s request, Debtor shall execute and deliver to Secured party an authorization agreement for Automated Clearing
House debits.

 

3.1.3
Debtor irrevocably waives the right to direct the application of any and all payments received at any time by Secured Party from or on
behalf of Debtor and specifically waives any right to designate application of payments. Debtor irrevocably agrees that Secured Party
shall have the exclusive right to determine the order and method of the application of payments against the then due and payable Obligations
of Debtor in Secured Party’s Permitted Discretion and to revise such application prospectively or retroactively in Secured Party’s
Permitted Discretion.

 

4.
Repayment of Advances.

 

4.1
Debtor shall repay Secured Party for all Advances on or before the Due Date. Payments made by the Buyer will be made to the DACA account
under direction of CoreFund Capital.

 

5.
Security Interest

 

5.1
As collateral securing the Obligations, Debtor grants to Secured Party a continuing security interest in the Collateral subject to the
security interest granted pursuant to that certain Revolving Purchase, Loan and Security, dated as of June 2, 2021 (the “TBK Agreement”),
among the Debtor, Unique Logistics Holdings, Inc. Unique Logistics International (NYC), LLC, Unique Logistics International (BOS), INC.,
and TBK Bank, SSB and to the liens granted to 3a Capital Establishment and Trillium Partners LP, as agent pursuant to that certain Security
Agreement, dated as of January 29, 2021.

 

6.
Administration of Buyer Invoices.

 

6.1
Debtor shall deliver to Secured Party all the information necessary to complete the Buyer Invoices for Pre-Sold Services, promptly upon
receipt of any such information.

.

7.
Authorization to Secured Party.

 

7.1
Debtor irrevocably authorizes Secured Party at Debtor’s expense, to exercise at any time any of the following powers until all
of the Obligations have been paid in full:

 

7.1.1
Receive, take, endorse, assign, deliver, accept and deposit, in the name of Secured Party or Debtor, proceeds of any Collateral;

 

    	Page 5 of 20

    	 

    

 

7.1.2
Verify that Accounts paying the Charter Flight money advances will be made to the DACA account under CoreFund’s direction;

 

7.1.3
Communicate directly with Debtor’s Buyers to verify the amount and validity of any Account created by Debtor;

 

7.1.4
Prepare and deliver Buyer Invoices to Buyers, in the name of Secured Party or Debtor;

 

7.1.5
File any initial financing statements and amendments thereto that:

 

(a)
Indicate the collateral as all assets of the Debtor or words of similar effect, regardless of whether any particular asset comprised
in the collateral falls within the scope of Article 9 of the Uniform Commercial Code, or as being of an equal or lesser scope or with
greater detail;

 

(b)
Contain any other information required by part 5 of Article 9 of the Uniform Commercial Code for the sufficiency or filing office acceptance
of any financing statement or amendment, including (i) whether the Debtor is an organization, the type of organization, and any organization
identification number issued to the Debtor and, (ii) in the case of a financing statement filed as a fixture filing or indicating collateral
as as-extracted collateral or timber to be cut, a sufficient description of real property to which the collateral relates.

 

(c)
Contain a notification that the Debtor has granted a negative pledge to the Secured party, and that any subsequent lienor may be tortuously
interfering with Secured Party’s rights;

 

(d)
Advises third parties that any notification of Debtor’s Account Debtors will interfere with Secured Party’s collection rights.

 

8.
Fees and Default Interest.

 

8.1
Debtor shall pay the:

 

8.1.1
Purchase Money Fee on the Due Date.

 

8.1.2
The Late Fee on the outstanding balance of any Advance that is not repaid to Secured Party on or before the Due Date of such Advance,
payable on the first day after such Due Date and every 7 days thereafter until the Advance is repaid to Secured Party in full.

 

8.1.3
The Underwriting Fee on or before the date hereof.

 

8.1.4
The Wire Fee on the date of each wire transfer initiated by Secured Party with respect to payments made by Secured Party hereunder.

 

8.2
Immediately upon the occurrence of an Event of Default, all outstanding Obligations shall accrue interest at the Default Interest Rate.

 

    	Page 6 of 20

    	 

    

 

9.
Representations and Warranties by Debtor.

 

9.1
Debtor is fully authorized to enter into this Agreement and to perform hereunder.

 

9.2
This Agreement constitutes Debtor’s legal, valid and binding obligation.

 

9.3
Debtor has good title to, has rights in, and the power to transfer each item of Collateral upon which it purports to grant a lien hereunder.

 

9.4
Debtor, and its’ subsidiaries, are solvent and in good standing in the jurisdiction of its organization and the execution of this
Agreement does not (i) conflict with any of Debtor’s, or its’ subsidiaries, operating documents, or (ii) contravene, conflict
with, constitute a default under or violate any material requirement of law.

 

9.5
There are no actions or proceedings pending by or against Debtor before any court or administrative agency and Debtor does not have knowledge
or belief of any pending, threatened, or imminent litigation, governmental investigations, or claims, complaints, actions, or prosecutions
involving Debtor or any Guarantor of the Obligations, except for ongoing collection matters in which Debtor is the plaintiff.

 

9.6
All financial statements relating to Debtor that have been delivered by Debtor to Secured Party have been prepared in accordance with
GAAP and fairly present Debtor’s financial condition as of the date thereof and Debtor’s results of operations for the period
then ended. There has not been a material adverse change in the financial condition of Debtor since the date of the latest financial
statements submitted to Secured Party on or before the date hereof.

 

9.7
Debtor agrees to maintain books and records and its records pertaining to the Collateral in accordance with GAAP and in such additional
detail, form and scope, as Secured Party shall reasonably require.

 

9.8
None of Debtor’s or any of its subsidiaries’ properties or assets has been used by Debtor or any subsidiary or, to the best
of Debtor’s knowledge, by previous persons, in disposing, producing, storing, treating, or transporting any hazardous substance
other than legally.

 

10.
Authorization to Secured Party.

 

10.1
The Debtor irrevocably authorizes Secured Party to take any and all appropriate action and to execute any and all documents and instruments,
in the name of Debtor, that may be necessary or desirable to protect Secured Party’s interest in the Collateral, including the
filing on behalf of Debtor with such governmental authorities as are appropriate such documents (including, without limitation, applications,
certificates, and tax returns) as may be required for purposes of having Debtor qualified to transact business in a particular state
or geographic location.

 

    	Page 7 of 20

    	 

    

 

11.
Affirmative Covenants.

 

11.1
Until full payment of the Obligations and termination of this Agreement, Debtor shall:

 

11.1.1
Furnish to Secured Party, in form and substance satisfactory to Secured Party:

 

(a)
Financial Reports.

 

(i)
As soon as available but not later than 30 days after the last day of each month, a Debtor prepared balance sheet and income statement
covering Debtor’s operations for such month certified by company officer and such other information as Secured Party shall reasonably
request.

 

(ii)
As soon as available but no later than 90 days after the end of each calendar year, annual financial statements audited (with an opinion
satisfactory to Secured Party) by a Certified Public Accountant acceptable to Secured Party in its sole discretion.

 

(b)
Agings – No later than 30 days after the last day of each month , summary agings of accounts receivables and payables of the Debtor,
certified by Debtor Officer;

 

11.1.2
Inspections.

 

(a)
During usual business hours, permit Secured Party, without notice to Debtor, to periodically:

 

(i)
Have access to all premises where Collateral is located for the purposes of inspecting (and removing, if after the occurrence of an Event
of Default) any of the Collateral, and

 

(ii)
To inspect, audit, make copies of, and make extracts from Debtor’s records as Secured Party may request.

 

(b)
Without expense to Secured Party, Secured Party may use any of Debtor’s personnel, equipment, including computer equipment, programs,
printed output and computer readable media, supplies and premises for the collection of accounts and realization on other Collateral
as Secured Party, in its Permitted Discretion, deems appropriate.

 

11.1.3
Indemnify and save Secured Party harmless from any and all liability with respect to any Third Party Claim, including the costs incurred
in the defense thereof, provided, however, that such indemnity shall not extend to liability and costs incurred as a result of gross
negligence, bad faith, or willful misconduct of Secured Party, or Secured Party’s affiliates, officers, directors, employees, agents
or advisors.

 

11.1.4
Reimburse Secured Party for all reasonable costs and expenses, including attorneys’ fees, which Secured Party incurs in enforcing
any judgment rendered in connection with this Agreement. This provision is severable from all other provisions hereof and shall survive,
and not be deemed merged into, such judgment.

 

    	Page 8 of 20

    	 

    

 

11.1.5
Give Secured Party written notice immediately upon forming an intention to change its name, state of organization or form of business
organization.

 

11.1.6
Maintenance of Insurance.

 

(a)
The Debtor will maintain with financially sound and reputable insurers insurance with respect to its properties and business against
such casualties and contingencies as shall be in accordance with general practices of businesses engaged in similar activities in similar
geographic areas.

 

(b)
Such insurance shall be in such minimum amounts that the Debtor will not be deemed a co-insurer under applicable insurance laws, regulations,
and policies and otherwise shall be in such amounts, contain such terms, be in such forms and be for such periods as may be reasonably
satisfactory to the Secured Party.

 

(c)
All such insurance shall be payable to the Secured Party under a Secured Party Loss Payable Endorsement. Without limiting the foregoing,
the Debtor will:

 

(i)
Keep all of its physical property insured with casualty or physical hazard insurance on an “all risks” basis, with broad
form flood and earthquake coverage and electronic data processing coverage, with a full replacement cost endorsement and an “agreed
amount” clause in an amount equal to 100% of the full replacement cost of such property;

 

(ii)
Maintain all such workers’ compensation or similar insurance as may be required by law; and

 

(iii)
Maintain, in amounts and with deductibles equal to those generally maintained by businesses engaged in similar activities in similar
geographic areas, general public liability insurance against claims of bodily injury, death, or property damage occurring, on, in or
about the properties of the Debtor; business interruption insurance; and product liability insurance.

 

(iv)
Provide Secured Party with proof of such coverage naming Secured Party under a Lender Loss Payable Endorsement.

 

(d)
In the event that Debtor fails to maintain such insurance, Secured Party may obtain such insurance at Debtor’s expense, and, after
an Event of Default, to adjust or settle any claim or other matter under or arising pursuant to such insurance or to amend or cancel
such insurance.

 

11.1.7
Debtor hereby permits Secured Party at any time to access electronically information concerning any accounts maintained by Debtor with
any bank or other financial institution so long as such access is in furtherance of, or to monitor compliance with, the terms of this
Agreement, and Debtor shall provide Secured Party with all necessary access codes, passwords and the like to carry out the provisions
hereof.

 

    	Page 9 of 20

    	 

    

 

12.
Negative Covenants. Debtor will not:

 

12.1
Negative Pledge. Hereafter grant any lien upon the Collateral except in favor of Secured Party.

 

12.2
Transfer of Assets. Enter into any transaction not in the ordinary and usual course of Debtor’s business, including the
sale, lease, or other disposition of, moving, relocation, or transfer, whether by sale or otherwise, of any of Debtor’s properties,
assets (other than sales of Inventory to buyers in the ordinary course of Debtor’s business as currently conducted).

 

12.3
Suspension of Business. Suspend or go out of a substantial portion of its business.

 

12.4
Change in Business. Engage in any business other than the business currently engaged in by Debtor, or reasonably related thereto.

 

12.5
Incur debt or contingent obligations, other than debt incurred hereunder or previously agreed to, or guaranty the debt of any other entity
or individual;

 

12.6
1Payment on Subordinated Debt. (a) Make or permit any payment on any Subordinated
Debt, except under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject,
or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or adversely affect
the subordination thereof to Obligations owed to Secured Party.

 

12.7
Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any affiliate
of Debtor, except for transaction that are in the ordinary course of Debtor’s business, upon fair and reasonable terms that are
no less favorable to Debtor than would be obtained in an arm’s length transaction with a non-affiliated entity or individual.

 

13.
Events of Default. Each of the following
events or conditions shall constitute an “Event of Default”:

 

13.1
Debtor defaults in the performance of any payment obligation due hereunder;

 

13.2
Any entity shall have or acquire right in the Collateral which are superior to Secured Party’s rights, other than as a result of
Secured Party’s intentional acts (with the exception of those liens granted pursuant to the TBK Agreement or the Trillium Agreement);

 

13.3
Debtor fails to cure the breach of any Obligation within 3 days after notice thereof is sent by Secured Party to Debtor;

 

13.4
Debtor is in default with respect to any present or future agreement with Secured Party;

 

 

 

.

 

    	Page 10 of 20

    	 

    

 

13.5
An order for relief is entered against any Obligor by any United States Bankruptcy Court; or any Obligor does not generally pay its debts
as they become due (within the meaning of 11 U.S.C. 303(h) as at any time amended, or any successor statute thereto);

 

13.6
Any Obligor makes an assignment for the benefit of creditors; or any Obligor applies for or consents to the appointment of a custodian,
receiver, trustee, or similar officer for it or for all or any substantial part of its assets, or such custodian, receiver, trustee,
or similar officer is appointed without the application or consent of any Obligor;

 

13.7
Any Obligor institutes (by petition, application, answer, consent, or otherwise) any bankruptcy, insolvency, reorganization, moratorium,
arrangement, readjustment of debt, dissolution, liquidation or similar proceeding relating to it under the laws of any jurisdiction;
or any such proceeding shall be instituted (by petition, application, or otherwise) against any Obligor;

 

13.8
Any judgment, writ, warrant of attachment, execution, or similar process shall be issued or levied against a substantial portion of the
property of any Obligor;

 

13.9
An adverse change occurs with respect to the financial condition or operations of Debtor which results in a material impairment of the
prospect of repayment of the Obligations;

 

13.10
Any Guarantor defaults in the performance of its obligations to Secured Party or shall notify Secured Party of its intention to rescind,
modify, terminate or revoke the its guaranty or it shall cease to be in full force and effect for any reason whatsoever;

 

13.11
Any provision of this Agreement ceases, for any reason, to be valid and binding on Debtor.

 

14.
Remedies.

 

14.1
Upon the occurrence of any Event of Default the Secured Party may:

 

14.1.1
Declare this Agreement terminated;

 

14.1.2
Declare all Obligations to be immediately due and payable, without presentment, demand, protest, or notice of any kind, all of which
are hereby expressly waived by Debtor;

 

14.1.3
Take or bring, in the name of Secured Party or Debtor, all steps, actions, suits or proceedings deemed by Secured Party necessary or
desirable to effect collection of or other realization upon any Collateral;

 

14.1.4
Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell (in the manner provided for herein)
the Collateral. Secured Party is hereby granted a license or other right to use, without charge, Debtor’s labels, patents, copyrights,
rights of use of any name, trade secrets, trade names, trademarks, service marks, URLs, domain names and advertising matter, or any property
of a similar nature, as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral
and Debtor’s rights under all licenses and all franchise agreements shall inure to Secured Party’s benefit;

 

    	Page 11 of 20

    	 

    

 

14.1.5
Change the address for delivery of Debtor’s mail to Secured Party and to receive and open mail addressed to Debtor;

 

14.1.6
Execute, file and serve, in its own name or in the name of Debtor, mechanics lien or similar notices, or claims under any payment or
performance bond for the benefit of Debtor.

 

14.1.7
Engage a consulting, turnaround or similar firm to (a) conduct an operational assessment of Debtor, and/or (b) take day-to-day operational
and administrative control of the business of the Debtor. Debtor shall (a) bear all fees, costs and other expenses associated with such
services and (b) cooperate with such firm in carrying out such services.

 

14.2
DEBTOR WAIVES ANY REQUIREMENT THAT SECURED PARTY INFORM DEBTOR BY AFFIRMATIVE ACT OR OTHERWISE OF ANY ACCELERATION OF DEBTOR’S
OBLIGATIONS HEREUNDER. FURTHER, SECURED PARTY’S FAILURE TO CHARGE OR ACCRUE INTEREST OR FEES AT ANY “DEFAULT” OR “PAST
DUE” RATE SHALL NOT BE DEEMED A WAIVER BY SECURED PARTY OF ITS CLAIM THERETO.

 

15.
Standards for Exercising Remedies. To
the extent that applicable law imposes duties on the Secured Party to exercise remedies in a commercially reasonable manner, the Debtor
acknowledges and agrees that it is not commercially unreasonable for the Secured Party:

 

15.1
To not incur expenses to prepare Collateral for disposition or otherwise to complete raw material or work in process into finished goods
or other finished products for disposition;

 

15.2
To fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to
fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of;

 

15.3
To fail to exercise collection remedies against Account Debtors or other persons obligated on Collateral or to remove liens or encumbrances
on or any adverse claims against Collateral;

 

15.4
To exercise collection remedies against Account Debtors and other persons obligated on Collateral directly or through the use of collection
agencies and other collection specialists;

 

15.5
To advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized
nature;

 

15.6
To hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized
nature;

 

    	Page 12 of 20

    	 

    

 

15.7
To dispose of Collateral by using Internet sites that provide for the auction of assets of the types included in the Collateral or that
have the reasonable capability of doing so, or that match buyers and sellers of assets;

 

15.8
To dispose of assets in wholesale rather than retail markets;

 

15.9
To disclaim all disposition warranties; or

 

15.10
To purchase insurance or credit enhancements to insure the Secured Party against risks of loss, collection or disposition of Collateral
or to provide to the Secured Party a guaranteed return from the collection or disposition of Collateral.

 

15.11
Debtor acknowledges that the purpose of this Section 15 is to provide non-exhaustive indications of what actions or omissions by the
Secured Party would not be commercially unreasonable in the Secured Party’s exercise of remedies against the Collateral and that
other actions or omissions by the Secured Party shall not be deemed commercially unreasonable solely on account of not being indicated
in this Section. Without limitation upon the foregoing, nothing contained herein shall be construed to grant any rights to the Debtor
or to impose any duties on the Secured Party that would not have been granted or imposed by this Agreement or by applicable law in the
absence of this Section 15.

 

16.
Proceeds and Expenses of Dispositions.

 

16.1
Any proceeds of collection or sale of the Obligations or Collateral shall, to the extent actually received in cash, be applied
to the payment of the Obligations in such order or preference as the Secured Party may determine, notwithstanding contrary instructions
received by Secured Party from the Debtor or any other third party.

 

17.
Liquidation Success Premium.

 

17.1
If Debtor shall substantially cease operating as a going concern, and the proceeds of Collateral created after the occurrence of an Event
of Default (the “Default”) are in excess of the Obligations at the time of Default, Debtor shall pay to Secured Party a liquidation
success premium of 10 percent of the amount of such excess.

 

18.
Successors and Assigns.

 

18.1
Secured Party may assign all of its rights and/or delegate all of its duties hereunder. Debtor may not assign any of its rights hereunder,
and Secured Party need not accept performance of Debtor’s duties hereunder from anyone other than Debtor.

 

19.
Amendment and Waiver.

 

19.1
Only a writing signed by all parties hereto may amend this Agreement. No failure or delay in exercising any right hereunder shall impair
any such right that Secured Party may have, nor shall any waiver by Secured Party hereunder be deemed a waiver of any default or breach
subsequently occurring. Secured Party’s rights and remedies herein are cumulative and not exclusive of each other or of any rights
or remedies that Secured Party would otherwise have.

 

    	Page 13 of 20

    	 

    

 

20.
Termination.

 

20.1
This Agreement will be effective on the date it is signed by the Parties, shall continue for the Term, and shall be automatically extended
for successive Terms unless Debtor shall provide a Notice of Termination at least sixty days prior to the intended termination date,
whereupon this Agreement shall terminate on the end of the then existing Term.

 

20.2
Upon the Termination Date, the unpaid balance of the Obligations shall be due and payable without demand or notice.

 

20.3
Any attempted termination of this Agreement other than as set forth herein shall be ineffective, and this Agreement shall continue in
full force and effect as if such attempted termination was not made.

 

21.
No Lien Termination without Release.

 

21.1
In recognition of the Secured Party’s right to have its attorneys’ fees and other expenses incurred in connection with this
Agreement secured by the Collateral, notwithstanding payment in full of all Obligations by Debtor, Secured Party shall not be required
to record any terminations or satisfactions of any of Secured Party’s liens on the Collateral unless and until Complete Termination
has occurred. Debtor understands that this provision constitutes a waiver of its rights under §9-513 of the Uniform Commercial Code.

 

22.
Conflict.

 

22.1
Unless otherwise expressly stated in any other agreement between Secured Party and Debtor, if a conflict exists between the provisions
of this Agreement and the provisions of such other agreement, the provisions of this Agreement shall control.

 

23.
Severability.

 

23.1
In the event any one or more of the provisions contained in this Agreement is held to be invalid, illegal or unenforceable in any respect,
then such provision shall be ineffective only to the extent of such prohibition or invalidity, and the validity, legality, and enforceability
of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

 

24.
Enforcement.

 

24.1
This Agreement and all agreements relating to the subject matter hereof is the product of negotiation and preparation by and among each
party and its respective attorneys, and shall be construed accordingly.

 

25.
 Fees and Expenses.

 

25.1
Debtor agrees to reimburse Secured Party on demand for:

 

    	Page 14 of 20

    	 

    

 

25.1.1
The actual amount of all reasonable costs and expenses including attorneys’ fees, which Secured Party has incurred or may incur
in negotiating, preparing, or administering this Agreement and any documents prepared in connection herewith;

 

25.1.2
The actual costs, including photocopying (which, if performed by Secured Party’s employees, shall be at the rate of $.10/page),
travel, and attorneys’ fees and expenses incurred in complying with any subpoena or other legal process attendant to any litigation
in which Debtor is a party.

 

25.2
In the event that any Party finds it necessary to retain counsel in connection with a:

 

25.2.1
Contract claim relating to the interpretation, defense, or enforcement of this agreement, the prevailing Party shall recover its reasonable
attorney’s fees and expenses from the unsuccessful Party.

 

25.2.2
Claim other than a contract claim, then Secured Party shall recover its reasonable attorney’s fees and expenses from Debtor, irrespective
of the outcome of the dispute.

 

25.3
In the event that Debtor asserts a claim against Secured Party hereunder, it shall do so in writing prior to and as a condition of
the commencement of any litigation by Debtor, setting forth the specific amount of Debtor’s claim against Secured Party (the
“Damage Claim”). If any dispute resolution process results in a judgment against Secured Party of less than the Damage Claim,
the court shall find that Secured Party was the prevailing party for the purposes of this Section.

 

25.4
It shall be presumed (subject to rebuttal only by the introduction of competent evidence to the contrary) that the amount recoverable
is the amount billed to the prevailing Party by its counsel and that such amount will be reasonable if based on the billing rates charged
to the prevailing party by its counsel in similar matters.

 

26.
Entire Agreement.

 

26.1
No promises of any kind have been made by Secured Party or any third party to induce Debtor to execute this Agreement. No course of dealing,
course of performance or trade usage, and no parole evidence of any nature, shall be used to supplement or modify any terms of this Agreement.

 

27.
Choice of Law.

 

27.1
This Agreement and all transactions contemplated hereunder and/or evidenced hereby shall be governed by, construed under, and enforced
in accordance with the internal laws of the Chosen State.

 

    	Page 15 of 20

    	 

    

 

28.
Jury Trial Waiver.

 

28.1
IN RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH MAY RESULT FROM A JURY TRIAL, THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY
OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING HEREUNDER, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER
SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY FURTHER WAIVES ANY RIGHT TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL
HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED; AND EACH PARTY HEREBY AGREES AND CONSENTS
THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY HERETO MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

29.
Venue; Jurisdiction.

 

29.1
Any suit, action or proceeding arising hereunder, or the interpretation, performance or breach hereof, including an action in tort, shall,
if Secured Party so elects, be instituted in any court sitting in the Chosen State, in the city in which Secured Party’s chief
executive office is located, or if none, any court sitting in the Chosen State (the “Acceptable Forums”). Debtor agrees that
the Acceptable Forums are convenient to it, and irrevocably submits to the jurisdiction of the Acceptable Forums and waives any and all
objections to jurisdiction or venue.

 

29.2
Should such proceeding be initiated in any other forum, Debtor waives any right to oppose any motion or application made by Secured Party
to transfer such proceeding to an Acceptable Forum.

 

30.
Time of the Essence.

 

30.1
It is agreed that time is of the essence in all matters herein.

 

31.
Service of Process.

 

31.1
Debtor agrees that Secured Party may effect service of process upon Debtor by regular mail at the address set forth herein or at such
other address as may be reflected in the records of Secured Party, or at the option of Secured Party by service upon Debtor’s agent
for the service of process.

 

32.
Counterparts.

 

32.1
This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if all signatures
were upon the same instrument. Delivery of an executed counterpart of the signature page to this Agreement by facsimile shall be effective
as delivery of a manually executed counterpart of this Agreement, and any party delivering such an executed counterpart of the signature
page to this Agreement by facsimile to any other party shall thereafter also promptly deliver a manually executed counterpart of this
Agreement to such other party, provided that the failure to deliver such manually executed counterpart shall not affect the validity,
enforceability, or binding effect of this Agreement.

 

    	Page 16 of 20

    	 

    

 

33.
Notice.

 

33.1
All notices shall be effective upon: (a) the sending of an email to one of the email addresses below or (b) delivery to a recognized
overnight delivery service of a properly addressed notice, delivery prepaid, with instructions to make delivery on the next business
day. For purposes hereof, the addresses of the parties are as set forth below or as may otherwise be specified from time to time in a
writing sent by one party to the other in accordance with the provisions hereof:

 

DEBTOR

 

	Address:	 	154-09
    146th Avenue
	 	 	Jamaica,
    NY 11434
	Officer:
    	 	Sunandan
    Ray
	Email
    address:	 	s.ray@unique-usa.com

 

SECURED
PARTY

 

	Address:	 	1880
    Santa Fe Dr. #400
	 	 	Weatherford,
    TX 76086
	Officer:
    	 	Bonnie
    Castillo
	Email
    address:	 	bonnie@corefundcapital.com

 

    	Page 17 of 20

    	 

    

 

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

 

	DEBTOR:	UNIQUE
    LOGISTICS INTERNATIONAL, INC.
	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 
	 	 	 
	SECURED
    PARTY:	COREFUND
    CAPITAL, LLC
	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 

 

    	Page 18 of 20

    	 

    

 

EXHIBIT
1.6.3

 

GENERAL
RELEASE

 

FOR
GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, the undersigned and each of them (collectively
“Releasor”) hereby forever releases, discharges and acquits COREFUND CAPITAL, LLC (“Releasee”), its parent, directors,
shareholders, agents and employees, of and from any and all claims of every type, kind, nature, description or character, and irrespective
of how, why, or by reason of what facts, whether heretofore existing, now existing or hereafter arising, or which could, might, or may
be claimed to exist, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated, each as
though fully set forth herein at length, to the extent that they arise out of or are in any way connected to or are related to that certain
Purchase Money Financing Agreement dated September 8, 2021.

 

Releasor
agrees that the matters released herein are not limited to matters that are known or disclosed.

 

Releasor
acknowledges that factual matters now unknown to it may have given or may hereafter give rise to Claims which are presently unknown,
unanticipated and unsuspected, and it acknowledges that this Release has been negotiated and agreed upon in light of that realization
and that it nevertheless hereby intends to release, discharge and acquit the Releasee from any such unknown Claims.

 

Acceptance
of this Release shall not be deemed or construed as an admission of liability by any party released.

 

Releasor
acknowledges that either (a) it has had advice of counsel of its own choosing in negotiations for and the preparation of this release,
or (b) it has knowingly determined that such advice is not needed.

 

	DATED:
    	 	
	 	 	
	Individual
    Releasor:	 	
	 	 	[Name
    of individual], individually
	 	 	 
	Entity
    Releasor:	 	

 

	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 

 

    	Page 19 of 20

    	 

    

 

EXHIBIT
1.15

 

Financed
Transaction Rider

 

Date:_______

CoreFund
Capital, LLC

1880
Santa Fe Dr. #400

Weatherford,
TX 76086

 

	 	Re:	Financed
    Transaction Rider

 

Ladies
and Gentlemen:

 

This
is a Financed Transaction Rider (as this and other capitalized terms not herein defined are defined in that certain Purchase Money Financing
Agreement between Debtor and Secured Party dated September 8, 2021, (the “Agreement”) whereby Debtor requests that
Secured Party make a Purchase Money Advance on account of the purchase price for the Pre-Sold Services described below:

 

	 	Name
    and Address of Charter Flight Company: 	 	_________________________________
	 	 	 	______________________________________
	 	 	 	______________________________________
	 	 	 	 
	 	Description
    and Quantity of 	 	______________________________________
	 	Pre-Sold
    Services: 	 	______________________________________
	 	 	 	 
	 	 	 	______________________________________
	 	 	 	 
	 	Purchase
    Price of Pre-Sold Services: 	 	$______________________________________
	 	 	 	 
	 	Names
    and Addresses of Buyers: 	 	_The
    Gap______________________________
	 	 	 	______________________________________
	 	 	 	______________________________________

 

	 	Unique
    Logistics International, Inc.
	 	By:
    	
	 	Name:
    	
	 	Title:
    	

 

    	Page 20 of 20

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